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US stocks are mostly higher midday after a weak morning as trade tension relief has brought bids to the market

Oct 02, 2018

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US Market Snapshot

  • Stocks are mostly higher midday having turned positive after a weak morning, trade tension relief has brought bids to the market
  • The S&P 500 is currently up 0.16%, Nasdaq Composite is up 0.12%, and Russell 2000 is down 0.58%
  • Utilities (+1.36%), Consumer Staples (+0.78%), and Materials (+0.53%) stocks are the top performers in the S&P 500 today
  • Healthcare (0%), Financials (-0.19%), and Consumer Discretionary (-0.27%) 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 0.98x
  • 92 stocks in the S&P500 are at 4-week highs while 44 stocks are at 4-week lows
  • 37 stocks in the S&P 500 are overbought while 24 stocks are oversold according to the 16-day RSI Measure
  • 89 stocks in the Nasdaq Composite are at 4-week highs while 213 stocks are at 4-week lows
  • 249 stocks in the Nasdaq Composite are overbought while 550 stocks are oversold according to the 16-day RSI Measure
  • The VIX is currently little changed at 11.78 from yesterday's close of 12

Stocks Trending in the News

Click name for Q-Factor rating and financials data.

  • Amazon (AMZN) announced it is raising the minimum wage it pays its employees to $15 per hour.  The Amazon move will affect 350,000 full and part-time workers in the United States.  The move has been met with general praise in the press though many have questioned how much of this additional cost will be passed on to consumers.  Amazon is trading 0.15% higher at $2,007.59.  Amazon is rated ‘Neutral’ in our US Large-Cap Global Top Picks and ‘Top Buy’ in our US Consumer Discretionary Global Top Picks
  • General Electric (GE) and its power unit Baker Hughes (BHGE) had their ratings put on credit watch by Moody’s for review with the potential for more than one notch downgrade.  Moody’s cites the “continuing deterioration” of its power business and its “dimmer prospects” at this point.  General Electric holds 62.5% of Baker Hughes.  General Electric is down 0.30% and Baker Hughes is down 1.6% at $32.43.  General Electric is rated ‘Top Short’ in our US Large-Cap Global Top Picks and ‘Neutral’ in our US Industrials Global Top Picks, Baker Hughes is rated ‘Top Short’ in our US Large-Cap Global Top Picks
  • Stitch Fix (SFIX) is down 32.5% to $30.14 after reporting disappointing results and guidance.  Stitch Fix provided ebitda guidance below consensus citing increased investments and weaker client additions as the main reasons.  Stitch Fix is rated ‘Unattractive’ in our US Large-Cap Global Top Picks

US Treasuries

  • US 2-Year Treasury Notes are higher with yields down -0.81 basis points to 2.81%
  • US 5-Year Treasury Bonds are higher with yields down -2.38 basis points to 2.93%
  • US 10-Year Treasury Bonds are higher with yields down -3.35 basis points to 3.05%
  • The US Treasury 2s-5s Spread has narrowed 1.57 basis points to 0.13%
  • The US Treasury 2s-10s Spread has narrowed 2.54 basis points to 0.24%
  • US Treasury 5s-10s Spread has narrowed 0.97 basis points to 0.1

Currencies

  • EUR€ is currently down 0.173% against the USD$ to 1.1558
  • GBP£ is currently down 0.422% against the USD$ to 1.2987
  • CHF is currently little changed against the USD$ at 1.0152
  • JPY¥ is currently down 0.211% against the USD$ to 113.69

Commodities

  • WTI Crude is currently little changed -0.08% to USD$75.24/bbl with the Brent-WTI spread little changed USD$-0.05 to USD$9.75/bbl
  • Gold is currently up 1.29% to USD$1204.35/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
Intel Corp Information Technology 48.8 5.06%      4,682,104.00
PG&E Corp Utilities 47.5 3.38%          266,936.00
Micron Technology Inc Information Technology 46.6 3.19%      4,309,356.00
Newmont Mining Corp Materials 31.2 2.73%          665,862.00
Fluor Corp Industrials 60.2 2.66%          115,688.00
 
Underformers Sector Price 1D % Chg Volume
Garrett Motion Inc #N/A N/A 17.4 -5.66%          627,085.00
Edwards Lifesciences Corp Health Care 162 -4.86%          239,793.00
Advanced Micro Devices Inc Information Technology 30.2 -3.91%    12,320,303.00
Under Armour Inc Consumer Discretionary 20.3 -3.81%          493,345.00
Delta Air Lines Inc Industrials 54.6 -3.50%          728,127.00