blog

Latest from the Quantamize Blog

US Stocks Drift Higher, With Sino-American Trade Talks Taking Center Stage

Aug 20, 2018

US Markets End of Day Snapshot                                                                                                                                  Start Your Free Trial Today

  • US equities finished modestly higher in a volume-light session, as investors turn their attention to the US-China trade negotiations that are to take place on Wednesday and the Jackson Hole economic symposium on Friday
  • The S&P 500 finished up 0.24%, Nasdaq Composite up 0.06%, and Russell 2000 up 0.34%
  • Materials (+0.72%), Energy (+0.66%), and Industrials (+0.64%) stocks were the top performers in the S&P 500 today
  • Consumer Staples (-0.03%), Tech (-0.15%), and Utilities (-0.35%) stocks were the worst performers in the S&P 500 today
  • Investor sentiment for US stocks finished positive with the advance/decline ratio for the S&P 500 closing at 2.36x
  • 118 stocks in the S&P 500 hit 4-week highs while 23 stocks reached 4-week lows
  • 65 stocks in the S&P 500 closed overbought while 12 stocks closed oversold according to the 16-day RSI Measure
  • 129 stocks in the Nasdaq Composite hit 4-week highs while 159 stocks reached 4-week lows
  • 222 stocks in the Nasdaq Composite closed overbought while 250 stocks closed oversold according to the 16-day RSI Measure
  • The VIX finished flat at 12.45 after closing at 12.64 yesterday

Stocks Trending in the News

Click on name for Q-Factor score and financial data.

  • Berry Petroleum Corp (BRY) rose 1.25% to $13.00 today, after the company was rated as a buy at Johnson Rice, with a price target set at $20. 
  • Lululemon Athletica (LULU) traded 4.98% higher today to $136.67, after JPMorgan raised its price target for Lululemon stock from $133 to $146. Lululemon is rated as "Neutral" in our US Large-Cap model
  • NVIDIA (NVDA) has revealed a new graphics-chip for computer gamers, called GeForce. Shares of NVIDIA traded 1.23% higher to $247.84 following this development. NVIDIA is rated as "Attractive" in both of our US Large-Cap and US Information Technology models.
  • Ollie’s Bargain Outlet Holdings (OLLI) shares rose 4.30% to $77.65, after the company was upgraded to a buy from an underperform rating at Bank of America. Ollie's is rated as "Attractive" in both of our US Large-Cap and US Consumer Discretionary models.

US Treasuries

  • US 2-Year Treasury Notes are higher with yields down -2.08 basis points to 2.5851%
  • US 5-Year Treasury Bonds are higher with yields down -4.59 basis points to 2.6954%
  • US 10-Year Treasury Bonds are higher with yields down -4.33 basis points to 2.8172%
  • The US Treasury 2s-5s Spread has narrowed 2.51 basis points to 0.11%
  • The US Treasury 2s-10s Spread has narrowed 2.25 basis points to 0.23%
  • US Treasury 5s-10s Spread has widened 0.26 basis points to 0.12%

Currencies

  • EUR€ is up 0.393% against the USD$ in after hours to 1.1483
  • GBP£ is up 0.353% against the USD$ in after hours to 1.2794
  • CHF is up 0.438% against the USD$ in after hours to 1.0089
  • JPY¥ is down 0.407% against the USD$ in after hours to 110.05

Commodities

  • WTI Crude is up 0.79% to USD$66.43/bbl with the Brent-WTI spread little changed USD$0.1 to USD$5.17/bbl
  • Gold is up 0.53% to USD$1190.49/oz

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&P 500 Movers

On Mobile/Tablet scroll to the right

Outperformers Sector Price 1D% CHG Volume
Macy's Inc Consumer Discretionary 37.5 6.05%          697,878.00
American Airlines Group Inc Industrials 40 5.82%      2,410,294.00
Nordstrom Inc Consumer Discretionary 61.3 4.02%          506,539.00
United Continental Holdings Inc Industrials 85.2 3.91%          833,710.00
Discovery Inc Consumer Discretionary 25.8 3.61%          464,854.00
Underperformers Sector Price 1D% CHG Volume
Qorvo Inc Information Technology 78.2 -4.07%          607,118.00
News Corp Consumer Discretionary 14.1 -2.77%          190,397.00
News Corp Consumer Discretionary 13.6 -2.37%      1,328,940.00
Walmart Inc Consumer Staples 96 -1.89%      2,838,538.00
Laboratory Corp of America Holdings Health Care 179 -1.74%          139,936.00