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US Stocks Close Mixed As S&P 500 Snaps 4-Day Winning Streak

Aug 22, 2018

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US Markets End of Day Snapshot

  • US stocks finished mixed, declining from earlier highs, as sharp declines in telecommunications stocks weighed down the S&P 500
  • The S&P 500 finished down 0.04%, Nasdaq Composite up 0.38%, and Russell 2000 up 0.26%
  • The S&P 500 snapped its 4-day winning streak, a day after briefly touching its all-time high
  • Energy (+1.2%), Tech (+0.48%), and Consumer Discretionary (+0.12%) stocks were the top performers in the S&P 500 today
  • Utilities (-0.77%), Industrials (-0.93%), and Telecom (-2.02%) 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 0.59x
  • 105 stocks in the S&P 500 hit 4-week highs while 3 stocks reached 4-week lows
  • 61 stocks in the S&P 500 closed overbought while 3 stocks closed oversold according to the 16-day RSI Measure
  • 179 stocks in the Nasdaq Composite hit 4-week highs while 108 stocks reached 4-week lows
  • 473 stocks in the Nasdaq Composite closed overbought while 135 stocks closed oversold according to the 16-day RSI Measure
  • The VIX finished flat at 13 after closing at 12.86 yesterday

Stocks Trending in the News

Click name for Q-Factor rating and financials data.

  • MercadoLibre (MELI) was upgraded from a hold to a buy rating at Stifel, which raised it price target for the company’s stock to $380 from $328.45. The company’s stock rose 5.02% to $344.93 today. MercadoLibre is rated as a ‘Top Short’ in our US Consumer Discretionary Global Top Picks.
  • ProLogis Inc (PLD) has agreed to acquire DCT Industrial Trust Inc (DCT) for USD$8.5bn in an all-stock transaction. The deal expands Prologis’’ presence in high-growth real estate markets such as the San Francisco Bay Area, Seattle, and South Florida. Prologis’ stock traded 0.90% lower to $65.16 today. Prologis is ranked as ‘Unattractive’ in our US Large-Cap Global Top Picks.  
  • Synopsys Inc (SNPS) posted F3Q2018 EPS that beat the consensus ($0.95 vs $0.92 projected) and provided a range of F4Q2018 EPS guidance that was higher than forecasted ($0.76 to $0.80 vs $0.70 estimated). Shares of Synopsys have risen 4.10% to $99.18 after the close. Synopsys is rated as 'Attractive' in our US Large-Cap model and is rated as 'Neutral' in our US Information Technology Global Top Picks.
  • Williams-Sonoma (WSM) reported F2Q2019 EPS that was higher than expected ($0.77 vs $0.68), and comparable sales growth that was more robust than projected (+4.6% Y/Y vs +4.1% Y/Y anticipated). Williams-Sonoma’s stock is trading 9.07% higher to $68.29 post-market. Williams-Sonoma is rated as ‘Neutral’ in our US Large-Cap model an as ‘Attractive’ in our US Consumer Discretionary Global Top Picks.

US Treasuries

  • US 2-Year Treasury Notes are higher with yields down -0.42 basis points to 2.5912%
  • US 5-Year Treasury Bonds are higher with yields down -0.68 basis points to 2.7039%
  • US 10-Year Treasury Bonds are higher with yields down -1.09 basis points to 2.8189%
  • The US Treasury 2s-5s Spread has narrowed 0.26 basis points to 0.11%
  • The US Treasury 2s-10s Spread has narrowed 0.67 basis points to 0.23%
  • US Treasury 5s-10s Spread has narrowed 0.41 basis points to 0.12%

Currencies

  • EUR€ is up 0.233% against the USD$ in after hours to 1.1598
  • GBP£ is little changed 0.109% against the USD$ in after hours to 1.2915
  • CHF is up 0.197% against the USD$ in after hours to 1.0172
  • JPY¥ is up 0.227% against the USD$ in after hours to 110.56

Commodities

  • WTI Crude is up 2.54% to USD$69.06/bbl with the Brent-WTI spread up USD$0.37 to USD$5.09/bbl
  • Gold is little changed -0.02% to USD$1195.72/oz

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

S&P 500 Sector ETFs - End of Day

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

Russell 1000 Factor ETFs - End of Day

*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 5.80%      1,513,492.00
Noble Energy Inc Energy 29.9 3.93%          980,428.00
NVIDIA Corp Information Technology 263 3.75%      4,648,903.00
Tractor Supply Co Consumer Discretionary 86.2 3.51%          354,004.00
Marathon Oil Corp Energy 20.9 3.27%      2,221,257.00
Underperformers Sector Price 1D% CHG Volume
CenturyLink Inc Telecommunication Services 22.8 -6.51%      1,548,523.00
Public Storage Real Estate 210 -4.45%            92,101.00
Hartford Financial Services Group Inc/Th Financials 50.2 -4.17%          374,951.00
Goodyear Tire & Rubber Co/The Consumer Discretionary 23.8 -4.13%          513,616.00
Hanesbrands Inc Consumer Discretionary 18.4 -3.77%      1,210,637.00