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US stocks close higher for fourth straight day as tech rebound continues to propel markets

Sep 13, 2018

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US Markets End of Day Snapshot

  • The tech rebound continued today, driving US stocks higher for the fourth straight day
  • The S&P 500 finished up 0.53%, Nasdaq Composite up 0.75%, and Russell 2000 is down 0.08%
  • Tech (+1.15%), Healthcare (+1.14%), and Utilities (+0.77%) stocks were the top performers in the S&P 500 today
  • Energy (0%), Financials (-0.15%), and Consumer Staples (-0.36%) 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
  • 75 stocks in the S&P 500 hit 4-week highs while 64 stocks reached 4-week lows
  • 48 stocks in the S&P 500 closed overbought while 12 stocks closed oversold according to the 16-day RSI Measure
  • 181 stocks in the Nasdaq Composite hit 4-week highs while 152 stocks reached 4-week lows
  • 254 stocks in the Nasdaq Composite closed overbought while 555 stocks closed oversold according to the 16-day RSI Measure
  • The VIX finished flat at 12.34 after closing at 13.14 yesterday

Stocks Trending in the News

Click name for Q-Factor rating and financials data.
 

  • Cirrus Logic (CRUS) fell 4.5% to close at $39.20 after Barclays published a note saying the dongle would disappear from all Apple (AAPL) iPhones.  Barclays sees a USD$25mn hit to revenues from the loss.  Cirrus is rated ‘Unattractive’ in our US Large-Cap Global Top Picks and ‘Neutral’ in our US Information Technology.  Apple is rated ‘Top Buy’ in our US Large-Cap Global Top Picks and ‘Attractive’ in our US Information Technology Global top Picks
  • GNC (GNC) reported that on September 7th it received approval from the US Committee on Foreign Investment for its USD$300mn JV with Harbin Pharmaceutical Group in China.  GNC closed up 27.2% at $3.69.  GNC is rated ‘Neutral’ in our US SMID-Cap Global Top Picks and ‘Unattractive’ in our US Consumer Discretionary Global Top Picks
  • JP Morgan (JPM) gave mixed guidance at a conference in New York today.  JP Morgan’s CFO said trading revenue will be down in 3Q but net interest income, loan growth and investment banking fees will all come better than initially expected.  JP Morgan closed 0.40% higher at $113.53.  JP Morgan is rated ‘Neutral’ in our US Large-Cap Global Top Picks
     

US Treasuries

  • US 2-Year Treasury Notes are lower with yields up 0.84 basis points to 2.75%
  • US 5-Year Treasury Bonds are lower with yields up 1.03 basis points to 2.87%
  • US 10-Year Treasury Bonds are lower with yields up 0.92 basis points to 2.97%
  • The US Treasury 2s-5s Spread has widened 0.19 basis points to 0.12%
  • The US Treasury 2s-10s Spread has widened 0.08 basis points to 0.22%
  • US Treasury 5s-10s Spread has narrowed 0.11 basis points to 0.1%

Currencies

  • EUR€ is up 0.55% against the USD$ in after hours to 1.169
  • GBP£ is up 0.491% against the USD$ in after hours to 1.3109
  • CHF is up 0.544% against the USD$ in after hours to 1.0357
  • JPY¥ is up 0.629% against the USD$ in after hours to 111.96

Commodities

  • WTI Crude is down 2.53% to USD$68.59/bbl with the Brent-WTI spread up USD$0.71 to USD$9.77/bbl
  • Gold is down 0.35% to USD$1201.96/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
DaVita Inc Health Care 71.3 5.58%                473,195
International Flavors & Fragrances Inc Materials 137 4.64%            1,457,177
Micron Technology Inc Information Technology 43.6 4.50%          11,773,243
QUALCOMM Inc Information Technology 74.61 3.99%            6,219,404
Discovery Inc Consumer Discretionary 31.84 3.71%            1,831,170
 
Underformers Sector Price 1D % Chg Volume
Kroger Co/The Consumer Staples 28.6 -9.93%            4,614,855
Advanced Micro Devices Inc Information Technology 30.5 -5.37%          52,337,662
SunTrust Banks Inc Financials 68 -4.69%            1,817,157
KeyCorp Financials 19.9 -3.81%            3,248,633
Red Hat Inc Information Technology 147 -3.32%                578,437