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US stocks are mixed midday with tech shares showing strength, US bonds yields down from 7-year highs

Oct 09, 2018

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US Market Snapshot

  • US stocks are mixed midday with tech stocks showing strength and US bonds yields down from 7-year highs
  • The S&P 500 is currently up 0.27%, Nasdaq Composite is up 0.31%, and Russell 2000 is up 0.12%
  • Energy (+2.41%), Tech (+0.38%), and Consumer Discretionary (+0.34%) stocks are the top performers in the S&P 500 today
  • Financials (-0.11%), Industrials (-0.94%), and Materials (-2.48%) 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 1.07x
  • 34 stocks in the S&P500 are at 4-week highs while 137 stocks are at 4-week lows
  • 14 stocks in the S&P 500 are overbought while 43 stocks are oversold according to the 16-day RSI Measure
  • 37 stocks in the Nasdaq Composite are at 4-week highs while 315 stocks are at 4-week lows
  • 93 stocks in the Nasdaq Composite are overbought while 789 stocks are oversold according to the 16-day RSI Measure
  • The VIX is currently moving down at 11.78 from yesterday's close of 15.69

Stocks Trending in the News

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  • A Bloomberg article reports on speculation that eBay (EBAY) has sparked the interest of an activist investor.  eBay is trading 4.7% higher at $34.10 on the news.  The article did not mention any names in relation to eBay, just that traders were reacting to “chatter”.  eBay is rated ‘Unattractive’ in our US Large-Cap Global Top Picks and ‘Attractive’ in our US Information Technology Global Top Picks
  • Helen of Troy (HELE) provided guidance that was above the highest estimates in the market.  Helen of Troy expects full year net sales of USD$1.54-1.56bn with EPS of USD$7.65-7.90, up from USD$7.55-7.78.  Helen of Troy is rated ‘Attractive’ in both our US Large-Cap and US Consumer Discretionary Global Top Picks
  • Mylan (MYL) is trading 5% lower at $33.52 after Morgan Stanley issued a report cutting the stock to equal weight from overweight and lowering the target to $36 from $46.  This was the second downgrade for Mylan in 5 days.  Writing of Mylan, Morgan Stanley said “our thesis is broken, we no longer expect improving prospects…”  Mylan is rated ‘Neutral’ in our US Large-Cap Global Top Picks
  • Papa John’s Pizza (PZZA) is surging 8.6% at $54.72 on speculation there is takeover interest.  The Wall Street Journal is reporting there are several parties evaluating Papa John’s Pizza including Trian Fund Management.  Papa John’s Pizza is rated ‘Unattractive’ in both our US Large-Cap and US Consumer Discretionary Global Top Picks

US Treasuries

  • US 2-Year Treasury Notes are flat with yields little changed 0.01 basis points to 2.88%
  • US 5-Year Treasury Bonds are higher with yields down -0.85 basis points to 3.06%
  • US 10-Year Treasury Bonds are higher with yields down -1.89 basis points to 3.21%
  • The US Treasury 2s-5s Spread has narrowed 0.86 basis points to 0.18%
  • The US Treasury 2s-10s Spread has narrowed 1.9 basis points to 0.33%
  • US Treasury 5s-10s Spread has narrowed 1.04 basis points to 0.15%

Currencies

  • EUR€ is currently little changed against the USD$ at 1.148
  • GBP£ is currently up 0.336% against the USD$ to 1.3134
  • CHF is currently little changed against the USD$ at 1.0076
  • JPY¥ is currently little changed against the USD$ at 113.1

Commodities

  • WTI Crude is currently up 0.65% to USD$74.77/bbl with the Brent-WTI spread up USD$0.69 to USD$10.15/bbl
  • Gold is currently little changed -0.01% to USD$1188.01/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
eBay Inc Consumer Discretionary 34.3 5.19%      3,154,410.00
National Oilwell Varco Inc Energy 46 3.79%          241,497.00
MGM Resorts International Consumer Discretionary 27.4 3.70%          920,788.00
Advanced Micro Devices Inc Information Technology 27.4 3.63%    11,759,778.00
Twitter Inc Communication Services 29.4 3.23%      2,245,522.00
 
Underformers Sector Price 1D % Chg Volume
PPG Industries Inc Materials 99.2 -9.42%          578,937.00
WestRock Co Materials 45.4 -7.65%          453,072.00
Packaging Corp of America Materials 94 -7.25%          187,718.00
Kroger Co/The Consumer Staples 27.9 -5.06%      1,297,701.00
International Paper Co Materials 45.2 -4.58%          476,437.00