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Tech Stocks Higher as S&P500 is Flat

Aug 09, 2018

as of 1pm

US Market Snapshot

  • Tech Stocks are the main winners so far today with the broader market generally flat
  • The S&P 500 is currently up 0.01%, Nasdaq Composite is up 0.33%, and Russell 2000 is up 0.37%
  • Consumer Discretionary (+0.56%), Tech (+0.21%), and Financials (-0.39%) stocks are the top performers in the S&P 500 today
  • Consumer Staples (-0.39%), Telecom (+0.77%), and Real Estate (+0.27%) stocks are the worst performers in the S&P 500 today
  • Investor sentiment for US stocks is neutral with the advance/decline ratio for the S&P 500 currently at 1.1x
  • 60 stocks in the S&P500 are at 4-week highs while 19 stocks are at 4-week lows
  • 45 stocks in the S&P 500 are overbought while 5 stocks are oversold according to the 16-day RSI Measure
  • 143 stocks in the Nasdaq Composite are at 4-week highs while 176 stocks are at 4-week lows
  • 265 stocks in the Nasdaq Composite are overbought while 351 stocks are oversold according to the 16-day RSI Measure

US Treasuries

  • US 2-Year Treasury Notes are higher with yields down 1.84 basis points to 2.6493%
  • US 5-Year Treasury Bonds are higher with yields down 2.03 basis points to 2.8109%
  • US 10-Year Treasury Bonds are higher with yields down 2.15 basis points to 2.9385%
  • The US Treasury 2s-5s Spread has narrowed 0.19 basis points to 0.16%
  • The US Treasury 2s-10s Spread has narrowed 0.31 basis points to 0.29%
  • US Treasury 5s-10s Spread has narrowed 0.12 basis points to 0.13%

Currencies

  • EUR€ is currently down 0.422% against the USD$ to 1.1561
  • GBP£ is currently down 0.217% against the USD$ to 1.2854
  • CHF is currently up 0.219% against the USD$ to 1.009
  • JPY¥ is currently little changed against the USD$ at 110.91

Commodities

  • WTI Crude is currently little changed -0.09% to USD$66.88/bbl with the Brent-WTI spread little changed USD$0.08 to USD$4.4/bbl
  • Gold is currently little changed -0.05% to USD$1213.26/oz

Data in Price Return; Source: Stockdio

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.

  • Netease (NTES) was downgraded by Macquarie to neutral after reporting 2Q results that included earnings that beat estiamtes but sales that were below
  • Tesla (TSLA) has traded down over 4% since CEO Elon Musk announced he was considreing taking the company private, an indication of the growing skepticism of the potential plans
  • Viacom (VIAB) reported 2Q above expectations with EPS coming at US$1.18 versus US$1.07 expected, revenue at US$3.24bn was in line.

S&P 500 Movers

Outperformers Sector Price 1D% CHG Volume
CenturyLink Inc Telecommunication Services 21 13.27% 4,137,092.00
Flowserve Corp Industrials 48.6 6.97% 247,341.00
Viacom Inc Consumer Discretionary 30.4 6.50% 901,675.00
Michael Kors Holdings Ltd Consumer Discretionary 72.5 3.79% 305,190.00
Norwegian Cruise Line Holdings Ltd Consumer Discretionary 51 3.78% 166,216.00

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

Source: S&P Capital IQ

Underperformers Sector Price 1D% CHG Volume
Perrigo Co PLC Health Care 70.7 -8.84% 485,324.00
Seagate Technology PLC Information Technology 51.4 -7.32% 1,171,205.00
Coty Inc Consumer Staples 12.5 -7.17% 780,695.00
Apache Corp Energy 43 -6.84% 634,833.00
Occidental Petroleum Corp Energy 76.6 -6.02% 764,075.00

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

Source: S&P Capital IQ