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US stocks trading mixed at midday with trade sensitive names higher on better trade sentiment as 10-year bond is above 3.06%

Sep 19, 2018

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US Market Snapshot

  • It's a mixed day of trading for US stocks with  better trade sentiment helping export sensitive names; the US 10-year bond traded above 3.06% today
  • The S&P 500 is currently up 0.16%, Nasdaq Composite is down 0.39%, and Russell 2000 is down 0.37%
  • Financials (+1.65%), Materials (+1.21%), and Energy (+0.5%) stocks are the top performers in the S&P 500 today
  • Tech (-0.5%), Telecom (-0.86%), and Utilities (-1.71%) 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 1.39x
  • 98 stocks in the S&P500 are at 4-week highs while 46 stocks are at 4-week lows
  • 58 stocks in the S&P 500 are overbought while 9 stocks are oversold according to the 16-day RSI Measure
  • 141 stocks in the Nasdaq Composite are at 4-week highs while 159 stocks are at 4-week lows
  • 245 stocks in the Nasdaq Composite are overbought while 475 stocks are oversold according to the 16-day RSI Measure
  • The VIX is currently  moving down at 11.73 from yesterday's close of 12.79

Stocks Trending in the News

Click name for Q-Factor rating and financials data.

  • ETrade (ETFC) was upgraded to buy from hold at Jefferies as its $65 price target was reiterated.  The note highlighted that the company, if sold, could fetch north of $70 per share. ETrade is trading 3.6% higher at $55.69.  ETrade is rated ‘Neutral’ in our US Large-Cap Global Top Picks
  • Starbucks (SBUX) paid an effective tax rate of 2.8% in the UK last year according to a report in FT today.  The UK corporate tax rate is 19.5%.  Starbucks responded that the revenue figure used includes USD$150mn in dividends on which it already paid taxes so, in fact, its effective tax rate in the UK was 25.3%.  Starbucks is up 0.78% at $55.50.  Starbucks is rated ‘Attractive’ in both our US Large-Cap and US Consumer Discretionary Global Top Picks.
  • Transocean (RIG) is trading 3.4% higher in the wake of Wells Fargo upgrading the stock to outperform from underperform.  The price target was raised to $16 from $13 as well.  Transocean is well positioned to gain from the strong ultra-deepwater rig rates.  Transocean is not rated in our Global Top Picks

US Treasuries

  • US 2-Year Treasury Notes are lower with yields up 0.44 basis points to 2.80%
  • US 5-Year Treasury Bonds are lower with yields up 0.7 basis points to 2.94%
  • US 10-Year Treasury Bonds are lower with yields up 1.31 basis points to 3.06%
  • The US Treasury 2s-5s Spread has widened 0.26 basis points to 0.15%
  • The US Treasury 2s-10s Spread has widened 0.87 basis points to 0.27%
  • US Treasury 5s-10s Spread has widened 0.61 basis points to 0.12%

Currencies

  • EUR€ is currently up 0.171% against the USD$ to 1.1687
  • GBP£ is currently little changed against the USD$ at 1.3167
  • CHF is currently down 0.193% against the USD$ to 1.0347
  • JPY¥ is currently down 0.169% against the USD$ to 112.17

Commodities

  • WTI Crude is currently up 1.09% to USD$70.61/bbl with the Brent-WTI spread down USD$-0.59 to USD$8.49/bbl
  • Gold is currently up 0.5% to USD$1204.36/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
BorgWarner Inc Consumer Discretionary 45.6 6.26%                251,556
Praxair Inc Materials 165 4.58%                239,203
E*TRADE Financial Corp Financials 55.6 3.48%                701,382
FMC Corp Materials 88.9 3.32%                  78,469
Newfield Exploration Co Energy 28.6 3.32%                150,540
 
Underformers Sector Price 1D % Chg Volume
Copart Inc Industrials 53.1 -17.20%            1,674,247
Intuit Inc Information Technology 220 -3.41%                269,501
HollyFrontier Corp Energy 67.1 -3.37%                171,010
Nektar Therapeutics Health Care 56.5 -3.27%                340,368
Valero Energy Corp Energy 112 -2.80%                219,162