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Optimism Abounds in US Markets as Drift Higher Continues

Aug 07, 2018

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US Market Snapshot

  • The S&P 500 is currently up 0.4%, Nasdaq Composite is up 0.41%, and Russell 2000 is up 0.31%
  • Energy (+1.14%), Financials (+0.81%), and Industrials (+0.79%) stocks are the top performers in the S&P 500 today
  • Utilities (-0.41%), Consumer Staples (-0.44%), and Real Estate (-0.49%) stocks are the worst performers in the S&P 500 today
  • Investor sentiment for US stocks is positive with the advance/decline ratio for the S&P 500 currently at 2.13x
  • 89 stocks in the S&P500 are at 4-week highs while 12 stocks are at 4-week lows
  • 49 stocks in the S&P 500 are overbought while 7 stocks are oversold according to the 16-day RSI Measure
  • 122 stocks in the Nasdaq Composite are at 4-week highs while 178 stocks are at 4-week lows
  • 257 stocks in the Nasdaq Composite are overbought while 333 stocks are oversold according to the 16-day RSI Measure
  • The VIX is currently little changed at 11.14 from yesterday's close of 11.27

US Treasuries

  • US 2-Year Treasury Notes are lower with yields up 1.63 basis points to 2.6615%
  • US 5-Year Treasury Bonds are lower with yields up 2.71 basis points to 2.8312%
  • US 10-Year Treasury Bonds are lower with yields up 2.23 basis points to 2.9618%
  • The US Treasury 2s-5s Spread has widened 1.08 basis points to 0.17%
  • The US Treasury 2s-10s Spread has widened 0.6 basis points to 0.3%
  • US Treasury 5s-10s Spread has narrowed 0.48 basis points to 0.13%

Currencies

  • EUR€ is currently up 0.329% against the USD$ to 1.1592
  • GBP£ is currently little changed against the USD$ at 1.2951
  • CHF is currently little changed against the USD$ at 1.0049
  • JPY¥ is currently little changed against the USD$ at 111.24

Commodities

  • WTI Crude is currently up 0.33% to USD$69.24/bbl with the Brent-WTI spread up USD$0.51 to USD$4.19/bbl
  • Gold is currently up 0.36% to USD$1211.93/oz
S&P 500 Sector ETFs - Intraday

Data in Price Return; Source: Stockdio

Russell 1000 Factor ETFs - Intraday 

Data in Price Return; Source: Stockdio

Stocks Trending in the News

Click name for Q-Factor rating and financial data.

  • Cigna Corp (CI) is overpaying for Express Scripts (ESRX) according to Carl Icahn in a letter to shareholders made public today.  He has previously voiced skepticism on the wisdom of the deal.
  • Discovery Inc (DISC.A) said in today's conference call that it sees cable losing 5% of its subscribers but reiterated its full year financial guidance.  They see stronger ad revenue 2H18
  • Tesla (TSLA) was trading higher midday at it was reported that Saudi's Public Investment Fund built a stake of 3-5% in the company, a fact not previously disclosed.

S&P 500 Movers

*Data in price return.

Outperformers Sector Price 1D % Chg Volume
Broadridge Financial Solutions Inc Information Technology 128.37 10.51% 243,760
Mosaic Co/The Materials 32.18 7.04% 840,766
Emerson Electric Co Industrials 74.17 3.57% 283,782
LKQ Corp Consumer Discretionary 34.18 3.35% 247,933
NRG Energy Inc Utilities 34.21 2.73% 417,697

On Mobile/Tablet scroll to the right.  Source: S&P Capital IQ

Underperformers Sector Price 1D % Chg Volume
DENTSPLY SIRONA Inc Health Care 39.355 -18.76% 3,182,165
SCANA Corp Utilities 40.13 -4.84% 167,667
Expeditors International of Washington I Industrials 73.85 -4.74% 845,518
Sealed Air Corp Materials 41.28 -4.40% 217,953
Discovery Inc Consumer Discretionary 25.84 -4.01% 1,368,408

On Mobile/Tablet scroll to the right.  Source: S&P Capital IQ