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US Stocks Trending Upwards, Led By Strength In Energy Names

Aug 22, 2018

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US Market Snapshot

  • US equities are advancing in a volume-light session, with energy stocks pacing the way, after softer than expected US crude oil stockpile data pushed crude prices higher 
  • The S&P 500 is currently up 0.06%, Nasdaq Composite is up 0.31%, and Russell 2000 is up 0.2%
  • Energy (+1.29%), Consumer Discretionary (+0.44%), and Tech (+0.41%) stocks are the top performers in the S&P 500 today
  • Utilities (-0.81%), Real Estate (-0.96%), and Telecom (-1.59%) stocks are the worst performers in the S&P 500 today
  • Volume across US markets is 17.34% below its 10--day average
  • Investor sentiment for US stocks is negative with the advance/decline ratio for the S&P 500 currently at 0.73x
  • 105 stocks in the S&P500 are at 4-week highs while 3 stocks are at 4-week lows
  • 61 stocks in the S&P 500 are overbought while 3 stocks are oversold according to the 16-day RSI Measure
  • 179 stocks in the Nasdaq Composite are at 4-week highs while 108 stocks are at 4-week lows
  • 473 stocks in the Nasdaq Composite are overbought while 135 stocks are oversold according to the 16-day RSI Measure
  • The VIX is currently little changed at 13 from yesterday's close of 12.86

Stocks Trending in the News

Click name for Q-Factor rating and financials data.

  • AT&T (T) has been downgraded to market perform from an outperform rating at Wells Fargo. Wells Fargo cited the company’s acquisition of Time Warner as a catalyst for the downgrade, noting that it may take several quarters of integration between the two companies before its long-term strategy can be carried out. Shares of AT&T fell 1.47% to $32.90 today. AT&T is rated as ‘Neutral’ in our US Large-Cap Global Top Picks.
  • Exact Sciences Corp (EXAS) is trading 24.98% higher to $62.55, after the company reportedly reached a deal with Pfizer (PFE) under which Pfizer will help promote the company’s Cologuard colon cancer screening test. Exact Sciences also raised its CY2019 revenue forecast above analyst expectations. Exact Sciences is rated as a ‘Top Short’ in our US Large-Cap Global Top Picks.
  • Johnson & Johnson (JNJ) received no reprieve from Missouri Judge Rex Burlison, who ruled that the $4.69bn penalty awarded to 22 women will not be reduced. The plaintiffs claim that the asbestos in the company’s talc-based products directly led to their ovarian cancer. Johnson & Johnson was seeking to reduce the penalty by nearly $1.5 billion through the application of Missouri’s cap on punitive damages. Johnson & Johnson is rated as ‘Neutral’ in our US Large-Cap Global Top Picks.
  • Tiffany & Co (TIF) was downgraded from buy to a neutral rating at Bank of America, which lowered its price target for Tiffany from $148 to $140. Shares of Tiffany have fallen 0.40% to $131.23. Tiffany is rated as a ‘Top Buy’ in our US Consumer Discretionary Global Top Picks, and is rated as ‘Unattractive’ in our US Large-Cap Global Top Picks.

US Treasuries

  • US 2-Year Treasury Notes are flat with yields little changed 0 basis points to 2.5954%
  • US 5-Year Treasury Bonds are higher with yields down -0.17 basis points to 2.709%
  • US 10-Year Treasury Bonds are higher with yields down -0.55 basis points to 2.8243%
  • The US Treasury 2s-5s Spread has narrowed 0.17 basis points to 0.11%
  • The US Treasury 2s-10s Spread has narrowed 0.55 basis points to 0.23%
  • US Treasury 5s-10s Spread has narrowed 0.38 basis points to 0.12%

Currencies

  • EUR€ is currently up 0.181% against the USD$ to 1.1592
  • GBP£ is currently little changed against the USD$ at 1.2912
  • CHF is currently up 0.158% against the USD$ to 1.0168
  • JPY¥ is currently up 0.19% against the USD$ to 110.52

Commodities

  • WTI Crude is currently up 3.17% to USD$67.93/bbl with the Brent-WTI spread little changed USD$0.23 to USD$4.99/bbl
  • Gold is currently little changed -0.01% to USD$1195.91/oz

*Data in Price Return and Updated Real-Time (with a delay), Source: StockDio

S&P 500 Sector ETFs - Intraday

*Data in Price Return and Updated Real-Time (with a delay), Source: StockDio

Russell 1000 Factor ETFs - Intraday

*Data in Price Return and Updated Real-Time (with a delay), Source: StockDio

S&P 500 Movers

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Outperformers Sector Price 1D% CHG Volume
Lowe's Cos Inc Consumer Discretionary 107 7.68%      1,513,492.00
Target Corp Consumer Discretionary 87.4 4.95%      1,170,474.00
Marathon Oil Corp Energy 21 3.81%      1,019,330.00
Tractor Supply Co Consumer Discretionary 86.2 3.43%          353,768.00
Take-Two Interactive Software Inc Information Technology 130 2.83%          233,841.00
Underperformers Sector Price 1D% CHG Volume
CenturyLink Inc Telecommunication Services 22.8 -4.88%      1,548,523.00
Public Storage Real Estate 210 -4.82%            92,101.00
Hartford Financial Services Group  Financials 50.1 -4.20%          374,951.00
Goodyear Tire & Rubber Co/The Consumer Discretionary 23.8 -3.60%          512,016.00
Extra Space Storage Inc Real Estate 91 -2.90%            54,530.00