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US stocks posting tepid gains with tech stocks bouncing back from their recent selloff

Sep 11, 2018

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US Market Snapshot

  • US stocks are posting tepid gains today with tech stocks posting most of the gains as they bounce back from their recent selloff
  • The S&P 500 is currently up 0.43%, Nasdaq Composite is up 0.58%, and Russell 2000 is up 0.3%
  • Energy (+1.23%), Telecom (+1.01%), and Tech (+0.85%) stocks are the top performers in the S&P 500 today
  • Real Estate (0%), Consumer Staples (-0.22%), and Utilities (-0.38%) 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 1.58x
  • 99 stocks in the S&P500 are at 4-week highs while 32 stocks are at 4-week lows
  • 49 stocks in the S&P 500 are overbought while 16 stocks are oversold according to the 16-day RSI Measure
  • 175 stocks in the Nasdaq Composite are at 4-week highs while 121 stocks are at 4-week lows
  • 318 stocks in the Nasdaq Composite are overbought while 368 stocks are oversold according to the 16-day RSI Measure
  • The VIX is currently little changed at 13.48 from yesterday's close of 14.16

Stocks Trending in the News

Click name for Q-Factor rating and financials data.
 

  • Activision Blizzard (ATVI) shares are up 6.2% to $78.90 after Stifel published a note saying Activision is well positioned in the sector going into the fall season.  Stifel is especially positive on the momentum with the Overwatch League going into the end of the year.  Activision is rated ‘Neutral’ in our US Large-Cap Global Top Picks and ‘Top Buy’ in our US Information Technology Global Top Picks.
  • Johnson Controls (JCI) fell 1.5% to $37.81 after UBS downgraded the stock to neutral.  UBS cited the improvements in its core business progressing slower than expected as a primary reason for the downgrade.  Johnson Controls is not rated in our Global Top Picks.
  • Sonos (SONO) dropped 19.4% to $17.14 on news that the company informed shareholders that the reason for lower sales was a change in product mix.  The product mix includes more lower cost units as compared to a year before, largely due to competition.  Sonos is rated ‘Top Short'’ in our US Large-Cap Global Top Picks
     

US Treasuries

  • US 2-Year Treasury Notes are lower with yields up 2.48 basis points to 2.73%
  • US 5-Year Treasury Bonds are lower with yields up 3.92 basis points to 2.8%
  • US 10-Year Treasury Bonds are lower with yields up 3.67 basis points to 2.96%
  • The US Treasury 2s-5s Spread has widened 1.44 basis points to 0.13%
  • The US Treasury 2s-10s Spread has widened 1.19 basis points to 0.23%
  • US Treasury 5s-10s Spread has narrowed 0.25 basis points to 0.11%

Currencies

  • EUR€ is currently little changed against the USD$ at 1.1593
  • GBP£ is currently little changed against the USD$ at 1.3015
  • CHF is currently up 0.175% against the USD$ to 1.0275
  • JPY¥ is currently up 0.396% against the USD$ to 111.57

Commodities

  • WTI Crude is currently up 2.18% to USD$69.01/bbl with the Brent-WTI spread little changed USD$-0.14 to USD$9.59/bbl
  • Gold is currently little changed 0.05% to USD$1196.52/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
Activision Blizzard Inc Information Technology 78.9 6.26%      1,674,814.00
United Rentals Inc Industrials 167 4.69%          174,540.00
CenturyLink Inc Telecommunication Services 22.6 3.78%          827,761.00
Concho Resources Inc Energy 137 3.33%            66,651.00
Take-Two Interactive Software Inc Information Technology 133.29 3.14% 235141.00
 
Underformers Sector Price 1D % Chg Volume
AmerisourceBergen Corp Health Care 85 -3.78%          106,379.00
Micron Technology Inc Information Technology 43.2 -3.67%      6,220,867.00
Western Digital Corp Information Technology 55.2 -3.29%      1,250,442.00
Broadcom Inc Information Technology 234 -2.98%          844,157.00
Seagate Technology PLC Information Technology 49 -2.60%          487,004.00