blog

Latest from the Quantamize Blog

Stocks Fade Late Day as Treasuries Rally

Aug 09, 2018

US Markets End of Day Snapshot

  • Late day selling saw equity markets fade from earlier gains as US Treasuries rallied
  • The S&P 500 finished down 0.14%, Nasdaq Composite up 0.04%, and Russell 2000 up 0.24%
  • Consumer Discretionary (+0.38%), Tech (-0.05%), and Financials (-0.56%) stocks were the top performers in the S&P 500 today
  • Consumer Staples (-0.34%), Telecom (+0.98%), and Real Estate (+0.14%) 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 0.89x
  • 60 stocks in the S&P 500 hit 4-week highs while 19 stocks reached 4-week lows
  • 45 stocks in the S&P 500 closed overbought while 5 stocks closed oversold according to the 16-day RSI Measure
  • 143 stocks in the Nasdaq Composite hit 4-week highs while 176 stocks reached 4-week lows
  • 265 stocks in the Nasdaq Composite closed overbought while 351 stocks closed oversold according to the 16-day RSI Measure

Stocks Trending in the News

Click name for Q-Factor rating and financial data.

  • Booking Holdings (BKNG) delivered 2Q results above expectations with adjusted profit per share coming at US$20.67 well above US$17.37 expected.  However, guidance for 3Q was well below expectations at US$36.70-37.70 while consensus is US$39.80 and the stock closed over 5% down.
  • Dan Loeb's Third Point is set to call for the sale of Campbell Soup Co (CPB) in a report out on Reuters this afternoon
  • Yelp (YELP) reported 2Q results in line with net revenue of US$235mn while raising 3Q FY2018 revenue guidance to US$952-967mn while present consensus is US$960mn

US Treasuries

  • US 2-Year Treasury Notes are higher with yields down -2.25 basis points to 2.6452%
  • US 5-Year Treasury Bonds are higher with yields down -2.88 basis points to 2.8024%
  • US 10-Year Treasury Bonds are higher with yields down -3.6 basis points to 2.924%
  • The US Treasury 2s-5s Spread has narrowed 0.63 basis points to 0.16%
  • The US Treasury 2s-10s Spread has narrowed 1.35 basis points to 0.28%
  • US Treasury 5s-10s Spread has narrowed 0.72 basis points to 0.12%

Currencies

  • EUR€ is down 0.706% against the USD$ in after hours to 1.1528
  • GBP£ is down 0.435% against the USD$ in after hours to 1.2826
  • CHF is little changed 0.05% against the USD$ in after hours to 1.0063
  • JPY¥ is little changed 0.135% against the USD$ in after hours to 111.13

Commodities

  • WTI Crude is little changed -0.19% to USD$66.81/bbl with the Brent-WTI spread little changed USD$-0.17 to USD$4.22/bbl
  • Gold is little changed -0.14% to USD$1212.21/oz

Data in Price Return in local currency; 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
CenturyLink Inc Telecommunication Services 21 13.11% 4,137,192.00
Flowserve Corp Industrials 48.6 6.40% 247,341.00
Nektar Therapeutics Health Care 59.4 6.09% 1,593,969.00
Viacom Inc Consumer Discretionary 30.3 6.01% 2,152,464.00
Norwegian Cruise Line Holdings Ltd Consumer Discretionary 51 4.13% 166,216.00

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

Underperformers Sector Price 1D% CHG Volume
Perrigo Co PLC Health Care 70.8 -10.56% 485,324.00
Seagate Technology PLC Information Technology 51.4 -7.30% 1,171,513.00
Coty Inc Consumer Staples 12.5 -7.25% 783,739.00
Mylan NV Health Care 36.6 -6.68% 3,799,267.00
Apache Corp Energy 43.3 -6.16% 1,391,268.00

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