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Four Day Advance Comes to Halt, US Markets Flat

Aug 08, 2018

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US Market Snapshot

  • Trade concerns are back on the minds of investors with even more tariffs very likely come
  • The S&P 500 is currently down 0.01%, Nasdaq Composite is up 0.09%, and Russell 2000 is down 0.2%
  • Consumer Discretionary (+0.19%), Tech (+0.34%), and Financials (+0.29%) stocks are the top performers in the S&P 500 today
  • Consumer Staples (-0.36%), Telecom (+0.3%), and Real Estate (-0.39%) stocks are the worst performers in the S&P 500 today
  • Investor sentiment for US stocks is negative with the advance/decline ratio for the S&P 500 currently at 0.78x
  • 84 stocks in the S&P500 are at 4-week highs while 13 stocks are at 4-week lows
  • 50 stocks in the S&P 500 are overbought while 8 stocks are oversold according to the 16-day RSI Measure
  • 142 stocks in the Nasdaq Composite are at 4-week highs while 172 stocks are at 4-week lows
  • 297 stocks in the Nasdaq Composite are overbought while 325 stocks are oversold according to the 16-day RSI Measure

US Treasuries

  • US 2-Year Treasury Notes are flat with yields little changed at 2.6697%
  • US 5-Year Treasury Bonds are higher with yields down -0.51 basis points to 2.8363%
  • US 10-Year Treasury Bonds are higher with yields down -0.19 basis points to 2.9711%
  • The US Treasury 2s-5s Spread has narrowed 0.51 basis points to 0.17%
  • The US Treasury 2s-10s Spread has narrowed 0.19 basis points to 0.3%
  • US Treasury 5s-10s Spread has widened 0.32 basis points to 0.13%

Currencies

  • EUR€ is currently little changed against the USD$ at 1.1593
  • GBP£ is currently down 0.464% against the USD$ to 1.2879
  • CHF is currently little changed against the USD$ at 1.0054
  • JPY¥ is currently down 0.35% against the USD$ to 110.99

Commodities

  • WTI Crude is currently down -3.69% to USD$66.62/bbl with the Brent-WTI spread little changed USD$0.19 to USD$4.3/bbl
  • Gold is currently little changed -0.11% to USD$1209.62/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.

  • Match Group (MTCH) reported a 36% jump in revenue to US$421.2mn above US$413mn consensus, EPS was 45 cents per share, well above 32 cents expected.  Match is up over 18% midday.
  • Pfizer (PFE) said it is experiencing manufacturing problems with EpiPen and cannot guarantee it will have sufficient supply to meet the demands of Mylan, seller of EpiPens.
  • Snap (SNAP) reported better than expected 2Q revenue but market focus was on the first drop in daily users they also reported. A US$250mn investment in Snap by Saudi Prince Alwaleed was also reported but share are down over 6% midday

S&P 500 Movers

Outperformers Sector Price 1D% CHG Volume
Michael Kors Holdings Ltd Consumer Discretionary 69.9 7.00 521705
Albemarle Corp Materials 98.21 6.36 441068
Boston Scientific Corp Health Care 34.21% 2.77 974665
DENTSPLY SIRONA Inc Health Care 40.4 2.58 801208
Incyte Corp Health Care 64.07 2.27 340517

In local currency.  On Mobile/Tablet scroll to the right

Source: S&P Capital IQ

Underperformers Sector Price 1D% CHG Volume
Cimarex Energy Co Energy 89.12 -8.51 296597
Newell Brands Inc Consumer Discretionary 20.48 -5.35 2040674
Regeneron Pharmaceuticals Inc Health Care 374.81 -4.49 249444
Southern Co/The Utilities 47 -4.24 1169174
Cardinal Health Inc Health Care 48.94 -3.78 230487

In local currency.  On Mobile/Tablet scroll to the right

Source: S&P Capital IQ