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US stocks retreat across the board, US 10-year touched 3.2%, profit-taking in stocks builds

Oct 04, 2018

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US Market Snapshot

  • Broad based selling abounds as the US 10-year touched 3.2%, profit-taking has grown as the session has progressed
  • The S&P 500 is currently down 0.92%, Nasdaq Composite is down 1.98%, and Russell 2000 is down 1.19%
  • Utilities (+0.47%), Financials (+0.27%), and Consumer Staples (-0.51%) stocks are the top performers in the S&P 500 today
  • Consumer Discretionary (-1.72%), Tech (-1.93%), and Telecom (-1.96%) 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 0.42x
  • 67 stocks in the S&P500 are at 4-week highs while 69 stocks are at 4-week lows
  • 25 stocks in the S&P 500 are overbought while 16 stocks are oversold according to the 16-day RSI Measure
  • 87 stocks in the Nasdaq Composite are at 4-week highs while 141 stocks are at 4-week lows
  • 181 stocks in the Nasdaq Composite are overbought while 455 stocks are oversold according to the 16-day RSI Measure
  • The VIX is currently little changed at 11.78 from yesterday's close of 11.61

Stocks Trending in the News

Click name for Q-Factor rating and financials data.

  • Ameresco (AMRC) shares are sliding 6.3% at $13 after news that its CFO abruptly left the company.  Ameresco issued a statement that his departure is not related to any disagreement on accounting.  The departure led Roth to cut its price target to $14 from $16 saying the CFO was key to rebuilding Ameresco’s credibility.  Ameresco is rated ‘Neutral’ in our US SMID-Cap Global Top Picks and “Top Short’ in our US Industrials Global Top Picks
  • Constellation Brands (STZ) is up 4.3% at $218.91 after providing guidance above consensus.  Constellation Brands now sees full year EPS of $9.60-9.75 while the average estimate is for $9.30.  This came together with a 2Q beat on net sales, delivering $2.3bn vs $2.25bn expected.  Constellation Brands is rated ‘Neutral’ in our US Large-Cap Global Top Picks and ‘Attractive’ in our US Consumer Staples Global Top Picks
  • HP (HPQ) is rising 2.3% to $26.66 after Wells Fargo published a note on HP’s analysts day noting it sees strong demand for PCs and has a cautious outlook on the constraints in the chip market.  Increased service revenues were cited as part of its long-term strategy when reiterating the market perform and $26 target.  HP is rated ‘Top Buy’ in our US Large-Cap Global Top Picks and ‘Attractive’ in our US Information Technology Global Top Picks

US Treasuries

  • US 2-Year Treasury Notes are lower with yields up 0.42 basis points to 2.87%
  • US 5-Year Treasury Bonds are flat with yields little changed 0.01 basis points to 3.04
  • US 10-Year Treasury Bonds are lower with yields up 0.38 basis points to 3.18%
  • The US Treasury 2s-5s Spread has narrowed 0.41 basis points to 0.17%
  • The US Treasury 2s-10s Spread has narrowed 0.04 basis points to 0.31%
  • US Treasury 5s-10s Spread has widened 0.37 basis points to 0.14%

Currencies

  • EUR€ is currently up 0.244% against the USD$ to 1.1506
  • GBP£ is currently up 0.556% against the USD$ to 1.3012
  • CHF is currently little changed against the USD$ at 1.0082
  • JPY¥ is currently down 0.699% against the USD$ to 113.73

Commodities

  • WTI Crude is currently down -2.11% to USD$74.8/bbl with the Brent-WTI spread up USD$1.19 to USD$10.5/bbl
  • Gold is currently little changed 0.18% to USD$1199.48/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
Constellation Brands Inc Consumer Staples 220 4.33%          467,944.00
Eli Lilly & Co Health Care 112 3.31%          855,514.00
National Oilwell Varco Inc Energy 45.7 2.47%          204,318.00
CME Group Inc Financials 179 2.23%          237,161.00
HP Inc Information Technology 26.6 1.96%      1,205,085.00
 
Underformers Sector Price 1D % Chg Volume
Coty Inc Consumer Staples 11.6 -7.21%          661,351.00
Akamai Technologies Inc Information Technology 66.6 -4.46%          485,337.00
Ralph Lauren Corp Consumer Discretionary 127 -4.30%            50,876.00
Estee Lauder Cos Inc/The Consumer Staples 137 -4.25%          212,468.00
Microchip Technology Inc Information Technology 72.1 -4.11%          672,193.00