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US stocks advancing broadly with S&P 500 on track for best quarter since 2013 despite slowest US consumer spending growth 6 months

Sep 28, 2018

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US Market Snapshot

  • US stocks are broadly higher midday with the S&P500 on track for its biggest quarterly gain, +7.82%, since 2013 despite decelerating consumer spending data today
  • The S&P 500 is currently up 0.12%, Nasdaq Composite is up 0.13%, and Russell 2000 is up 0.47%
  • Utilities (+1.03%), Energy (+0.68%), and Real Estate (+0.42%) stocks are the top performers in the S&P 500 today
  • Telecom (-0.1%), Financials (-0.62%), and Materials (-0.66%) 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 1.66x
  • 48 stocks in the S&P500 are at 4-week highs while 89 stocks are at 4-week lows
  • 28 stocks in the S&P 500 are overbought while 16 stocks are oversold according to the 16-day RSI Measure
  • 106 stocks in the Nasdaq Composite are at 4-week highs while 153 stocks are at 4-week lows
  • 198 stocks in the Nasdaq Composite are overbought while 485 stocks are oversold according to the 16-day RSI Measure
  • The VIX is currently little changed at 12.47 from yesterday's close of 12.41

Stocks Trending in the News

Click name for Q-Factor rating and financials data.

  • Goldman Sachs published a note on Accenture (ACN) today highlighting its sell rating and $129 as the stock trades at $170.16 flat in midday trading.  The note focused on the multiple challenges ahead for Accenture as the revenue slowdown it expects take hold.  Accenture is not rated in our Global Top Picks
  • Lockheed Martin (LMT) completed negotiations with the Air Force on an $11.5bn contract for 141 more F-35 fighter planes.  The contract will provide 91 planes to the US and the balance to US allies.   The per plane cost dropped 5.4% for the Air Force version, 5.7% for the Marines version.  Lockheed-Martin is trading 0.43% higher at $347.60.  Lockheed-Martin is rated ‘Attractive’ in both our US Large-Cap and US Industrials Global Top Picks
  • Nvidia (NVDA) had its price target hiked at Evercore to $400, the highest in the market, from $300.  Nvidia will see accelerated revenue growth from new full-stack solutions gaining market share.  Nvida is trading 4.6% higher at $278.45.  Nvidia is rated ‘Attractive’ in both our US Large-Cap and US Information Technology Global Top Picks

US Treasuries

  • US 2-Year Treasury Notes are higher with yields down -1.62 basis points to 2.81%
  • US 5-Year Treasury Bonds are higher with yields down -1.7 basis points to 2.93%
  • US 10-Year Treasury Bonds are higher with yields down -0.92 basis points to 3.04%
  • The US Treasury 2s-5s Spread has narrowed 0.08 basis points to 0.13%
  • The US Treasury 2s-10s Spread has widened 0.7 basis points to 0.23%
  • US Treasury 5s-10s Spread has widened 0.78 basis points to 0.1%

Currencies

  • EUR€ is currently little changed against the USD$ at 1.1624
  • GBP£ is currently down 0.168% against the USD$ to 1.3057
  • CHF is currently up 0.166% against the USD$ to 1.025
  • JPY¥ is currently little changed against the USD$ at 113.48

Commodities

  • WTI Crude is currently up 1.75% to USD$73.38/bbl with the Brent-WTI spread little changed USD$0.25 to USD$9.71/bbl
  • Gold is currently up 0.84% to USD$1192.81/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
NVIDIA Corp Information Technology 278 4.05%         2,088,196.00
Intel Corp Information Technology 47.6 3.73%         5,440,804.00
Marathon Oil Corp Energy 23.5 3.17%            858,612.00
Intel Corp Information Technology 47.6 3.72%         5,440,804.00
Marathon Oil Corp Energy 23.5 3.16%            858,612.00
 
Underformers Sector Price 1D % Chg Volume
Advanced Micro Devices Inc Information Technology 30.4 -6.72%      18,841,218.00
Martin Marietta Materials Inc Materials 182 -2.63%               76,609.00
Mattel Inc Consumer Discretionary 15.6 -2.35%            498,924.00
S&P Global Inc Financials 199 -2.23%            136,789.00
Weyerhaeuser Co Real Estate 32.1 -2.09%            241,083.00