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US stocks slightly higher with US 10-year bond at 3.10% as Fed starts its 2-day policy meeting

Sep 25, 2018

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US Market Snapshot

  • US stocks are showing slight gains with the US 10-year bond at 3.1% as the Fed starts its policy meeting
  • The S&P 500 is currently up 0.07%, Nasdaq Composite is up 0.11%, and Russell 2000 is up 0.36%
  • Energy (+0.89%), Consumer Discretionary (+0.42%), and Telecom (+0.19%) stocks are the top performers in the S&P 500 today
  • Tech (-0.15%), Consumer Staples (-0.45%), and Utilities (-1.48%) stocks are the worst performers in the S&P 500 today
  • Investor sentiment for US stocks is neutral with the advance/decline ratio for the S&P 500 currently at 1.11x
  • 48 stocks in the S&P500 are at 4-week highs while 62 stocks are at 4-week lows
  • 34 stocks in the S&P 500 are overbought while 5 stocks are oversold according to the 16-day RSI Measure
  • 106 stocks in the Nasdaq Composite are at 4-week highs while 101 stocks are at 4-week lows
  • 207 stocks in the Nasdaq Composite are overbought while 436 stocks are oversold according to the 16-day RSI Measure
  • The VIX is currently little changed at 12.13 from yesterday's close of 12.2

Stocks Trending in the News

Click name for Q-Factor rating and financials data.

  • Inspire Brands is acquiring Sonic Corp (SONC) in a $2.3bn deal that values the company at a 19% premium to Monday’s close.  Inspire will operate Sonic as an independent unit once the acquisition closes.  Sonic is up 18.4% at $43.36.  Sonic is rated “Neutral’ in our US SMID-Cap Global Top Picks and ‘Top Buy’ in our US Consumer Discretionary Global Top Picks
  • Michael Kors (KORS) will acquire Versace Brands in a $2.2bn deal, confirming stories that have appeared in the press recently. Michael Kors CEO said the plan is to grow Versace to $2.2bn in sales, over twice its current level. Michael Kors is trading 0.30% higher at $66.89.  Kors is not rated in our Global Top Picks
  • Qualcomm (QCOM) added another accusation in its legal battle with Apple (AAPL), alleging that Apple stole software from Qualcomm to improve chips from its rival, Intel (INTC).   Qualcomm is asking the judge to add these to the existing case that is set to go to trial in April.  Qualcomm is down 0.10% at $73.50, Apple is up 0.53% at $222.01 and Intel is down 1.5% at $46.21.  Qualcomm is rated ‘Top Buy’ in our US Large-Cap Global Top Picks and ‘Attractive’ in our US Information Technology Global Top Picks, Intel is rated ‘Neutral’ in our US Large-Cap Global Top Picks and ‘Top Buy’ in our US Information Technology Global Top Picks and Qualcomm is not rated in our Global Top Picks

US Treasuries

  • US 2-Year Treasury Notes are lower with yields up 1.81 basis points to 2.83%
  • US 5-Year Treasury Bonds are lower with yields up 1.39 basis points to 2.98%
  • US 10-Year Treasury Bonds are lower with yields up 1.12 basis points to 3.10%
  • The US Treasury 2s-5s Spread has narrowed 0.42 basis points to 0.15%
  • The US Treasury 2s-10s Spread has narrowed 0.69 basis points to 0.27%
  • US Treasury 5s-10s Spread has narrowed 0.27 basis points to 0.12%

Currencies

  • EUR€ is currently up 0.213% against the USD$ to 1.1773
  • GBP£ is currently up 0.373% against the USD$ to 1.3169
  • CHF is currently little changed against the USD$ at 1.0373
  • JPY¥ is currently little changed against the USD$ at 112.92

Commodities

  • WTI Crude is currently little changed 0.08% to USD$73.14/bbl with the Brent-WTI spread up USD$0.87 to USD$8.39/bbl
  • Gold is currently little changed 0.2% to USD$1201.37/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
ABIOMED Inc Health Care 439 4.62%                166,970
CF Industries Holdings Inc Materials 55 4.20%                152,478
Mosaic Co/The Materials 32.9 2.75%                223,246
HollyFrontier Corp Energy 71.4 2.45%                162,163
TechnipFMC PLC Energy 32.5 2.45%                397,657
 
Underformers Sector Price 1D % Chg Volume
CenturyLink Inc Telecommunication Services 21.3 -7.14%            2,887,350
AO Smith Corp Industrials 55.5 -4.58%                221,173
Microchip Technology Inc Information Technology 78.8 -4.36%                573,504
Qorvo Inc Information Technology 75.7 -3.54%                172,246
eBay Inc Information Technology 32.8 -2.79%            1,423,060