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US stocks trading lower on fears imminent additional US tariffs which China has already promised to match

Sep 17, 2018

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US Market Snapshot

  • US stocks are trading lower as reports are of an imminent announcement of US tariffs on Chinese goods, a move China has promised to match
  • The S&P 500 is currently down 0.27%, Nasdaq Composite is down 0.74%, and Russell 2000 is down 0.57%
  • Materials (+0.49%), Real Estate (+0.44%), and Energy (+0.36%) stocks are the top performers in the S&P 500 today
  • Financials (-0.34%), Tech (-0.62%), and Consumer Discretionary (-0.65%) 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 0.89x
  • 112 stocks in the S&P500 are at 4-week highs while 43 stocks are at 4-week lows
  • 64 stocks in the S&P 500 are overbought while 9 stocks are oversold according to the 16-day RSI Measure
  • 171 stocks in the Nasdaq Composite are at 4-week highs while 133 stocks are at 4-week lows
  • 310 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 12.81 from yesterday's close of 12.07

Stocks Trending in the News

Click name for Q-Factor rating and financials data.

  • Apple (AAPL) preorders for iPhone XS and XS Max models are trailing those of iPhone X orders according to a report by Rosenblatt published today.  The report highlighted ~10mn in orders compared with ~12mn last year.  These numbers are estimated using wait times and estimated production levels from OEMs.  Apple is trading 1.8% lower at $219.90.  Apple is rated ‘Top Buy’ in our US Large-Cap Global Top Picks and ‘Attractive’ in our US Inforrmation Technology Global Top Picks 
  • Bed, Bath & Beyond (BBBY) was upgraded to market perform from underperform at Raymond James today.   Raymond James sees a better consumer environment than originally expected and sees same store sales coming above consensus.  The stock is up 7.2% at $19.39.  Bed, Bath & Beyond is rated ‘Unattractive’ in both US Large-Cap and US Consumer Discretionary Global Top Picks
  • Lululeon (LULU) is trading up 1.5% at $156.03 after Wells Fargo upgraded the stock to outperform from market perform while raising its price target to $200 from $144.  The price target hike comes despite gaining 96% year-to-date and matches the highest in the market.  Lululemon is rated ‘Neutral’ in our US Large-Cap Global Top Picks
     

US Treasuries

  • US 2-Year Treasury Notes are lower with yields up 0.02 basis points to 2.7779%
  • US 5-Year Treasury Bonds are higher with yields down -0.68 basis points to 2.8965%
  • US 10-Year Treasury Bonds are higher with yields down -0.37 basis points to 2.9922%
  • The US Treasury 2s-5s Spread has narrowed 0.7 basis points to 0.12%
  • The US Treasury 2s-10s Spread has narrowed 0.39 basis points to 0.21%
  • US Treasury 5s-10s Spread has widened 0.31 basis points to 0.1%

Currencies

  • EUR€ is currently up 0.585% against the USD$ to 1.1693
  • GBP£ is currently up 0.673% against the USD$ to 1.3156
  • CHF is currently up 0.522% against the USD$ to 1.0391
  • JPY¥ is currently little changed against the USD$ at 112

Commodities

  • WTI Crude is currently down -0.28% to USD$68.8/bbl with the Brent-WTI spread little changed USD$-0.07 to USD$9.09/bbl
  • Gold is currently up 0.68% to USD$1203.02/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 12.5 5.12%                898,111
Mosaic Co/The Materials 32.2 4.68%                593,165
NiSource Inc Utilities 25.6 3.23%                960,359
Kroger Co/The Consumer Staples 28.7 3.21%            1,481,453
ONEOK Inc Energy 68.4 2.90%                209,857
 
Underformers Sector Price 1D % Chg Volume
ABIOMED Inc Health Care 378 -4.31%                  84,062
Twitter Inc Information Technology 29 -3.75%            2,599,752
Macy's Inc Consumer Discretionary 35.2 -2.92%                401,453
CH Robinson Worldwide Inc Industrials 97.3 -2.77%                120,932
ANSYS Inc Information Technology 185 -2.21%                  45,986