blog

Latest from the Quantamize Blog

US stocks are trading higher midday with the S&P 500 approaching record territory amid risk-on sentiment

Oct 03, 2018

Start Your Free Trial Today

 

US Market Snapshot

  • US stocks are trading higher midday with the S&P 500 closing in on record territory; a general risk-on sentiment is prevelant in today's session
  • The S&P 500 is currently up 0.41%, Nasdaq Composite is up 0.59%, and Russell 2000 is up 0.65%
  • Financials (+1.1%), Industrials (+0.8%), and Tech (+0.73%) stocks are the top performers in the S&P 500 today
  • Consumer Staples (-0.17%), Real Estate (-0.29%), and Utilities (-0.8%) 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 1.92x
  • 42 stocks in the S&P500 are at 4-week highs while 69 stocks are at 4-week lows
  • 28 stocks in the S&P 500 are overbought while 26 stocks are oversold according to the 16-day RSI Measure
  • 75 stocks in the Nasdaq Composite are at 4-week highs while 267 stocks are at 4-week lows
  • 142 stocks in the Nasdaq Composite are overbought while 725 stocks are oversold according to the 16-day RSI Measure
  • The VIX is currently little changed at 11.78 from yesterday's close of 12.05

Stocks Trending in the News

Click name for Q-Factor rating and financials data.

  • Alcoa (AA) shares are 7.45% higher at $44.63 midday after Norsk Hydro (NHY NO) announced it is halting production at its aluminum plant in Brazil.  Alcoa sells the same products that come from the Norsk Hydro facility leading Alcoa to be bid up in the market today.  Norsk Hydro closed down 11.9% at 43.38 euros.  Alcoa is rated ‘Neutral’ in our US Large-Cap Global Top Picks, Norsk Hydro is rated ‘Neutral’ in our European Large-Cap Global Top Picks
  • Baker Hughes (BHGE) won a contract with India’s Oil & Natural Gas Corp worth USD$500-700mm over three years.  RBC published a note calling the contract a “significant win” for Baker Hughes. Despite the news, Baker Hughes is 1.3% lower at $31.83.  Baker Hughes is rated ‘Top Short’ in our US Large-Cap Global Top Picks
  • General Motor’s (GM) self-driving car unit received a USD$2.75bn investment commitment from Honda (7267 JP) in the race to bring self-driving cars to market.  This is the second investment General Motor attracted this month in the project, called Cruise LLC.  General Motors is 1.9% higher at $33.95, Honda closed 4.3% lower at 3338 yen.  General Motors is rated ‘Unattractive’ in our US Large-Cap Global Top Picks and ‘Neutral’ in our US Consumer Discretionary Global Top Picks, Honda is rated "Top Buy' in our Japan Large-Cap Global Top Picks

US Treasuries

  • S 2-Year Treasury Notes are lower with yields up 3.27 basis points to 2.84%
  • US 5-Year Treasury Bonds are lower with yields up 4.6 basis points to 2.99%
  • US 10-Year Treasury Bonds are lower with yields up 5.8 basis points to 3.12%
  • The US Treasury 2s-5s Spread has widened 1.33 basis points to 0.15%
  • The US Treasury 2s-10s Spread has widened 2.53 basis points to 0.28%
  • US Treasury 5s-10s Spread has widened 1.2 basis points to 0.12%

Currencies

  • EUR€ is currently down 0.225% against the USD$ to 1.1522
  • GBP£ is currently little changed against the USD$ at 1.2984
  • CHF is currently down 0.551% against the USD$ to 1.0107
  • JPY¥ is currently up 0.563% against the USD$ to 114.29

Commodities

  • WTI Crude is currently up 0.33% to USD$75.48/bbl with the Brent-WTI spread up USD$0.63 to USD$10.06/bbl
  • Gold is currently down -0.31% to USD$1199.59/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

On Mobile/Tablet scroll to the right.

Outperformers Sector Price 1D % Chg Volume
Brighthouse Financial Inc Financials 46 4.21%          126,214.00
Wynn Resorts Ltd Consumer Discretionary 129 4.05%          296,833.00
SVB Financial Group Financials 318 3.48%            46,660.00
HollyFrontier Corp Energy 70.7 3.14%          123,088.00
Valero Energy Corp Energy 119 3.13%          198,201.00
 
Underformers Sector Price 1D % Chg Volume
Advanced Micro Devices Inc Information Technology 27.9 -3.58%    25,084,506.00
PulteGroup Inc Consumer Discretionary 23.9 -2.84%          571,465.00
Edwards Lifesciences Corp Health Care 158 -2.75%          247,431.00
Baker Hughes a GE Co Energy 31.5 -2.45%          368,926.00
DR Horton Inc Consumer Discretionary 41.5 -2.42%          261,350.00