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US stocks are mixed midday with markets waiting for expected Fed rate hike and any comments on future actions

Sep 26, 2018

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US Market Snapshot

  • US stocks are mixed at midday ahead of the expected rate hike from the Fed as investors will look for any additional clues indicating the Fed's further actions
  • The S&P 500 is currently up 0.24%, Nasdaq Composite is up 0.37%, and Russell 2000 is down 0.4%
  • Healthcare (+0.76%), Consumer Discretionary (+0.74%), and Telecom (+0.73%) stocks are the top performers in the S&P 500 today
  • Financials (-0.32%), Real Estate (-0.35%), and Materials (-0.49%) 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 1.02x
  • 52 stocks in the S&P500 are at 4-week highs while 70 stocks are at 4-week lows
  • 28 stocks in the S&P 500 are overbought while 6 stocks are oversold according to the 16-day RSI Measure
  • 118 stocks in the Nasdaq Composite are at 4-week highs while 108 stocks are at 4-week lows
  • 238 stocks in the Nasdaq Composite are overbought while 338 stocks are oversold according to the 16-day RSI Measure
  • The VIX is currently little changed at 12.09 from yesterday's close of 12.42

Stocks Trending in the News

Click name for Q-Factor rating and financials data.

  • Cintas (CTAS) is trading 3.5% lower at $205.61 in the wake of results that topped estimates.   The stock was up 37% at yesterday’s close leading many analysts to see limited upside, especially with many fearing greater costs are ahead.  Cintas is rated ‘Attractive’ in our US Large-Cap Global Top Picks and ‘Neutral’ in our US Industrials Global Top Picks
  • DowDuPont (DOW) had its stock downgraded by Nomura to neutral from buy while its target price was cut to $76 from $81.  The report cited higher feedstock prices leading to “noticeably lower” commodity earnings in 2H18. DowDuPont is 1.3% lower at $67.08 and is rated ‘Neutral’ in our US Large-Cap Global Top Picks
  • Lam Research (LRCX) was cut to neutral from buy at UBS today while its price target was slashe to $170 from $200.  The report cited delays in its expansion of memory wafer capacity but also highlighted the potential for a snapback in 2H19.  Lam is 1.2% lower at $149.37.  Lam is rated ‘Neutral’ in our US Large-Cap Global Top Picks and ‘Top Buy’ in our US Information Technology Global Top Picks

US Treasuries

  • US 2-Year Treasury Notes are higher with yields down -0.81 basis points to 2.83%
  • US 5-Year Treasury Bonds are higher with yields down -0.82 basis points to 2.97%
  • US 10-Year Treasury Bonds are higher with yields down -1.67 basis points to 3.07%
  • The US Treasury 2s-5s Spread has narrowed 0.01 basis points to 0.14%
  • The US Treasury 2s-10s Spread has narrowed 0.86 basis points to 0.25%
  • US Treasury 5s-10s Spread has narrowed 0.85 basis points to 0.11%

Currencies

  • EUR€ is currently down 0.178% against the USD$ to 1.1746
  • GBP£ is currently little changed against the USD$ at 1.3173
  • CHF is currently down 0.183% against the USD$ to 1.0343
  • JPY¥ is currently little changed against the USD$ at 112.94

Commodities

  • WTI Crude is currently down -1.02% to USD$71.84/bbl with the Brent-WTI spread up USD$0.97 to USD$9.33/bbl
  • Gold is currently down -0.56% to USD$1194.51/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
Alexion Pharmaceuticals Inc Health Care 136 5.07%                454,656
SCANA Corp Utilities 36.8 4.34%                180,815
eBay Inc Information Technology 34 3.72%            1,778,200
Foot Locker Inc Consumer Discretionary 49.7 3.56%                296,942
Viacom Inc Consumer Discretionary 33.6 3.38%                428,679
 
Underformers Sector Price 1D % Chg Volume
EQT Corp Energy 45 -4.16%                182,522
Cintas Corp Industrials 206 -3.70%                340,426
IPG Photonics Corp Information Technology 156 -3.69%                128,341
Cabot Oil & Gas Corp Energy 22.6 -2.86%            1,164,501
Devon Energy Corp Energy 40.3 -2.78%                401,091