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US stocks mixed, erasing earlier gains, after President Trump reportedly instructed aids to proceed with USD$200bn in Chinese tariffs ,

Sep 14, 2018

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US Market Snapshot

  • US stocks are trading mixed today, erasing earlier gains, after it was reported that President Trump instructed aids to proceed with USD$200bn in addtional tariffs on Chinese goods
  • The S&P 500 is currently down 0.22%, Nasdaq Composite is down 0.31%, and Russell 2000 is up 0.32%
  • Energy (+0.64%), Financials (+0.52%), and Industrials (+0.14%) stocks are the top performers in the S&P 500 today
  • Utilities (-0.69%), Telecom (-0.75%), and Real Estate (-1.16%) 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 0.95x
  • 128 stocks in the S&P500 are at 4-week highs while 40 stocks are at 4-week lows
  • 63 stocks in the S&P 500 are overbought while 8 stocks are oversold according to the 16-day RSI Measure
  • 174 stocks in the Nasdaq Composite are at 4-week highs while 161 stocks are at 4-week lows
  • 307 stocks in the Nasdaq Composite are overbought while 437 stocks are oversold according to the 16-day RSI Measure
  • The VIX is currently little changed at 12.49 from yesterday's close of 12.37

Stocks Trending in the News

Click name for Q-Factor rating and financials data.

  • Adobe’s (ADBE) 3Q results set a record and were strong across the board as new subscriber growth trends continue favorable.  Adobe saw its price target hiked to $325--the highest in the market--by Stifel today.  Adobe is 2.7% higher at $275.90.  Adobe is rated ‘Top Buy’ in both our US Large-Cap and US Information Technology Global Top Picks
  • Costco (COST) was downgraded to market perform after rising 49% over the past 12 months. While “the long-term earnings growth outlook is attractive”, that fact is priced in at this point.  Costco is trading down 1.7% at $237.15.  Costco is rated “Neutral’ in our US Large-Cap Global Top Picks and “Attractive” in our US Consumer Staples Global Top Picks
  • Valvoline (VVV) is dropping 7.8% at 20.47 after the stock was downgraded at JP Morgan.  The downgrade was due the announcement by Amazon (AMZN) that it is entering the automotive lubricant business.  Amazon will be launching a fully synthetic motor oil to compete on price.  Valvoline is rated “Neutral’ in our US SMID-Cap Global Top Picks, Amazon is rated ‘Attractive’ in our US Large-Cap Global Top Picks and ‘Top Buy’ in our US Consumer Discretionary Global Top Picks
     

US Treasuries

  • US 2-Year Treasury Notes are lower with yields up 1.7 basis points to 2.77%
  • US 5-Year Treasury Bonds are lower with yields up 1.9 basis points to 2.89%
  • US 10-Year Treasury Bonds are lower with yields up 1.66 basis points to 2.98%
  • The US Treasury 2s-5s Spread has widened 0.2 basis points to 0.12%
  • The US Treasury 2s-10s Spread has narrowed 0.04 basis points to 0.21%
  • US Treasury 5s-10s Spread has narrowed 0.24 basis points to 0.1%

Currencies

  • EUR€ is currently down 0.47% against the USD$ to 1.1635
  • GBP£ is currently down 0.282% against the USD$ to 1.3071
  • CHF is currently little changed against the USD$ at 1.0344
  • JPY¥ is currently little changed against the USD$ at 112

Commodities

  • WTI Crude is currently up 1.44% to USD$69.58/bbl with the Brent-WTI spread down USD$-1.68 to USD$8.67/bbl
  • Gold is currently down -0.56% to USD$1194.78/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
L Brands Inc Consumer Discretionary 28.7 4.52%                  758,319
Advanced Micro Devices Inc Information Technology 31.6 3.54%            18,741,537
Apache Corp Energy 45.8 2.85%                  180,390
Align Technology Inc Health Care 389.75 2.74%  112229 
Principal Financial Group Inc Financials 56.22 2.57%  183496 
 
Underformers Sector Price 1D % Chg Volume
NiSource Inc Utilities 25.4 -9.54%               1,462,434
Nektar Therapeutics Health Care 58.6 -5.11%                  324,960
Under Armour Inc Consumer Discretionary 19 -3.10%                  360,199
Under Armour Inc Consumer Discretionary 17.8 -3.05%                  257,250
Perrigo Co PLC Health Care 73.6 -2.54%                     57,445