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US Stocks Trading Mostly Higher, Continue To Set All-Time Highs

Aug 28, 2018

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US Market Snapshot

  • The S&P 500 is currently up 0.04%, Nasdaq Composite is up 0.10%, and Russell 2000 is down 0.18%
  • Real Estate (+0.48%), Tech (+0.09%), and Healthcare (+0.04%) stocks are the top performers in the S&P 500 today
  • Energy (-0.22%), Materials (-0.4%), and Telecom (-0.44%) stocks are the worst performers in the S&P 500 today
  • Investor sentiment for US stocks is negative with the advance/decline ratio for the S&P 500 currently at 0.63x
  • 130 stocks in the S&P500 are at 4-week highs while 4 stocks are at 4-week lows
  • 44 stocks in the S&P 500 are overbought while 2 stocks are oversold according to the 16-day RSI Measure
  • 201 stocks in the Nasdaq Composite are at 4-week highs while 69 stocks are at 4-week lows
  • 495 stocks in the Nasdaq Composite are overbought while 127 stocks are oversold according to the 16-day RSI Measure
  • The VIX is currently little changed at 12 from yesterday's close of 12.16

Stocks Trending in the News

Click name for Q-Factor rating and financials data.

  • Apollo Global Management (APO) has agreed to acquire Aspen Insurance Holdings (AHL) for USD$2.6 billion. Apollo will pay $42.75 a share, which represents a 6.6% premium above Aspen’s closing price yesterday. Apollo Global Management is rated as ‘unattractive’ in our US SMID-Cap Global Top Picks. 
  • Lam Research (LRCX) and Applied Materials (AMAT) were both downgraded by Bank of America from buy to neutral recommendations. Bank of America cites slowing demand and margin pressure as the cause for the downgrade. Lam Research and Applied Materials are both currently rated as ‘neutral’ in our US Large-Cap and US Information Technology Global Top Picks.
  • Sears Holding Corporation (SHLD) shares jumped 14.55% following the expansion of a tire installation partnership with Amazon.com Inc. (AMZN). Under the agreement first announced in May, Amazon customers can ship tires directly to Sears for installation. Sears is rated as ‘neutral’ in our US SMID-Cap Global Top Picks and ‘top short’ in our US Consumer Discretionary Global Top Picks. 
  • Thomson Reuters Corporation (TRI) announced plans to buyback USD$9 billion of shares following the sale of its financial-and-risk operations to Blackstone Group LP (BX). The deal announced in January was valued at about USD$17 billion. Thomson Reuters is unrated in our Global Top Picks. 

US Treasuries

  • US 2-Year Treasury Notes are lower with yields up 1.61 basis points to 2.6573%
  • US 5-Year Treasury Bonds are lower with yields up 1.88 basis points to 2.76%
  • US 10-Year Treasury Bonds are lower with yields up 2.36 basis points to 2.8695%
  • The US Treasury 2s-5s Spread has widened 0.27 basis points to 0.1%
  • The US Treasury 2s-10s Spread has widened 0.75 basis points to 0.21%
  • US Treasury 5s-10s Spread has widened 0.48 basis points to 0.11%

Currencies

  • EUR€ is currently up 0.351% against the USD$ to 1.1719
  • GBP£ is currently little changed against the USD$ at 1.2889
  • CHF is currently up 0.47% against the USD$ to 1.0256
  • JPY¥ is currently little changed against the USD$ at 111.03

Commodities

  • WTI Crude is currently little changed -0.25% to USD$68.7/bbl with the Brent-WTI spread up USD$0.58 to USD$7.24/bbl
  • Gold is currently little changed -0.25% to USD$1208.38/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
Coty Inc Consumer Staples 13 6.67%      1,453,348.00
PG&E Corp Utilities 45.5 4.08%          434,791.00
QUALCOMM Inc Information Technology 69.2 2.72%      2,512,303.00
Incyte Corp Health Care 74 2.47%          247,048.00
Alaska Air Group Inc Industrials 67.1 2.10%          148,642.00
 
Underformers Sector Price 1D % Chg Volume
Best Buy Co Inc Consumer Discretionary 76.4 -6.16%      1,284,574.00
Advanced Micro Devices Inc Information Technology 24.2 -4.24%    21,823,850.00
Lam Research Corp Information Technology 171 -2.77%          538,985.00
NVIDIA Corp Information Technology 270 -2.12%      2,005,229.00
L Brands Inc Consumer Discretionary 27.1 -2.03%          459,770.00