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US Equities Drifting Higher Despite Semiconductor Weakness

Aug 17, 2018

US Market Snapshot                                                                                                                                                        Start Your Free Trial Today

  • The S&P 500 is currently up 0.14%, Nasdaq Composite is down 0.15%, and Russell 2000 is up 0.12%
  • Telecom (+0.65%), Consumer Staples (+0.67%), and Financials (+0.05%) stocks are the top performers in the S&P 500 today
  • Energy (-0.04%), Consumer Discretionary (-0.06%), and Tech (-0.12%) 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 2.29x
  • 87 stocks in the S&P500 are at 4-week highs while 11 stocks are at 4-week lows
  • 44 stocks in the S&P 500 are overbought while 20 stocks are oversold according to the 16-day RSI Measure
  • 116 stocks in the Nasdaq Composite are at 4-week highs while 178 stocks are at 4-week lows
  • 244 stocks in the Nasdaq Composite are overbought while 235 stocks are oversold according to the 16-day RSI Measure
  • The VIX is currently little changed at 12.84 from yesterday's close of 13.45

Stocks Trending in the News

Click name for Q-Factor rating and financials data.

  • Dean Foods Co (DF) is trading 6.25% lower to $8.17, after the company was downgraded at JP Morgan to underweight from neutral on concerns of rising dairy prices and waning consumer demand
  • J.C. Penny Co (JCP) has declined 1.14% today to $1.74 after the company’s credit was downgraded at Moody’s from B2 to B3. Shares of J.C. Penny Co sold off by 26.97% yesterday after it reported quarterly earnings that came in softer than anticipated 
  • Micron Technology (MU) is among the companies that have been named in an antitrust suit which was filed in the US against several participants in the DRAM chip market. The consumer who have filed the claim allege that these companies conspired to limit the supply of DRAM chips to artificially inflate prices. Micron is up 0.21% to $47.20 today
  • Tyson Foods (TSN) has reached an agreement to acquire Keystone Foods LLC for $2.5 billion. The final terms of the agreement are lower than $3 billion deal that was widely expected following a deterioration of conditions in the US chicken market. Shares of Tyson have risen 1.56% to $61.91 today 
  • Walmart Inc (WMT) has reportedly applied for 2 patents related to virtual reality shopping, which would enable customers to use virtual reality headsets and sensor-laden gloves to connect with a 3-dimensional version of a Walmart store. Walmart’s stock is up 0.36% to $99.00 today

US Treasuries

  • US 2-Year Treasury Notes are higher with yields down -0.84 basis points to 2.608%
  • US 5-Year Treasury Bonds are higher with yields down -0.51 basis points to 2.7362%
  • US 10-Year Treasury Bonds are higher with yields down -0.72 basis points to 2.8587%
  • The US Treasury 2s-5s Spread has widened 0.33 basis points to 0.13%
  • The US Treasury 2s-10s Spread has widened 0.12 basis points to 0.25%
  • US Treasury 5s-10s Spread has narrowed 0.21 basis points to 0.12%

Currencies

  • EUR€ is currently up 0.308% against the USD$ to 1.1412
  • GBP£ is currently up 0.157% against the USD$ to 1.2736
  • CHF is currently up 0.239% against the USD$ to 1.0055
  • JPY¥ is currently down 0.379% against the USD$ to 110.48

Commodities

  • WTI Crude is currently up 0.52% to USD$65.8/bbl with the Brent-WTI spread up USD$0.33 to USD$5.09/bbl
  • Gold is currently up 0.37% to USD$1178.54/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

S&P 500 Movers

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Outperformers Sector Price 1D% CHG Volume
Nordstrom Inc Consumer Discretionary 58.2 11.32%      1,197,401.00
Coty Inc Consumer Staples 12 4.88%          527,942.00
Deere & Co Industrials 142 3.46%          454,452.00
Perrigo Co PLC Health Care 72.4 2.80%            70,452.00
Hewlett Packard Enterprise Co Information Technology 16.7 2.64%      1,024,949.00
Underperformers Sector Price 1D% CHG Volume
Applied Materials Inc Information Technology 44.3 -6.64%      7,757,097.00
NVIDIA Corp Information Technology 246 -4.28%      4,649,054.00
Gilead Sciences Inc Health Care 73 -3.44%      1,397,759.00
Lam Research Corp Information Technology 169 -3.18%          795,946.00
ABIOMED Inc Health Care 360 -2.55%            51,019.00