blog

Latest from the Quantamize Blog

S&P500 Reverses Late Day Gains, Closes a Touch Lower, Breaking Its Winning Streak

Aug 08, 2018

Start Your Free Trial Today

 

US Markets End of Day Snapshot

  • Renewed Sino-American tension and declining oil prices dampened market sentiment in the afternoon
  • The S&P500 went into negative territory in the final minutes of trading to break its longest winning streak in 6 months, Nasdaq kept its streak alive by a nose 
  • The S&P The S&P 500 finished down 0.03%, Nasdaq Composite up 0.06%, and Russell 2000 is down 0.08%
  • Consumer Discretionary (+0.12%), Tech (+0.28%), and Financials (+0.26%) stocks were the top performers in the S&P 500 today
  • Consumer Staples (-0.77%), Telecom (+0.13%), and Real Estate (-0.54%) stocks were the worst performers in the S&P 500 today
  • Investor sentiment for US stocks finished negative with the advance/decline ratio for the S&P 500 closing at 0.79x
  • 84 stocks in the S&P 500 hit 4-week highs while 13 stocks reached 4-week lows
  • 50 stocks in the S&P 500 closed overbought while 8 stocks closed oversold according to the 16-day RSI Measure
  • 142 stocks in the Nasdaq Composite hit 4-week highs while 172 stocks reached 4-week lows
  • 297 stocks in the Nasdaq Composite closed overbought while 325 stocks closed oversold according to the 16-day RSI Measure

Stocks Trending in the News

Click name for Q-Factor rating and financial data.

  • Amazon (AMZN) captures 5% of American retail spending between its site and Whole Foods according to a report by Bloomberg Intelligence (that figure excludes cars, car parts and restaurants)  
  • CVS (CVS) increased FY2018 EPS guidance to US$6.98-7.08, up from US$6.87-7.08.  2Q EPS came at US$1.69 above consensus of US$1.60, same store sales of 5.9% beat 5.3% expected
  • NY Times (NYT) suffered today as its results showed a slow down in digital subscription growth rate, adding only 109,000 subscribers this past quarter.  The stock was downn over 7%

US Treasuries

  • US 2-Year Treasury Notes are flat with yields at  2.6697%
  • US 5-Year Treasury Bonds are higher with yields down 0.85 basis points to 2.8329%
  • US 10-Year Treasury Bonds are higher with yields down 1.12 basis points to 2.9618%
  • The US Treasury 2s-5s Spread has narrowed 0.85 basis points to 0.16%
  • The US Treasury 2s-10s Spread has narrowed 1.12 basis points to 0.29%
  • US Treasury 5s-10s Spread has narrowed 0.27 basis points to 0.13%

Commodities

  • WTI Crude is down -3.22% to USD$66.94/bbl with the Brent-WTI spread little changed USD$0.1 to USD$4.26/bbl
  • Gold is little changed 0.23% to USD$1213.79/oz

Currencies

  • EUR€ is little changed 0.121% against the USD$ in after hours to 1.1613
  • GBP£ is down 0.41% against the USD$ in after hours to 1.2886
  • CHF is up 0.269% against the USD$ in after hours to 1.0071
  • JPY¥ is down 0.377% against the USD$ in after hours to 110.96

Data in Price Return; Source: Stockdio

S&P 500 Sector ETFs - End of Day

Data in Price Return; Source: Stockdio

Russell 1000 Factor ETFs - End of Day

Data in Price Return; Source: Stockdio

 

S&P500 Movers

Data in Price Return

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 974656
DENTSPLY SIRONA Inc Health Care 40.39 2.58 801208
Incyte Corp Health Care 64.07 2.27 340517

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 375.01 -4.49 249444
Southern Co/The Utilities 47 -4.24 1169174
Cardinal Health Inc Health Care 48.94 -3.78 230487

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