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Profit taking reigns among US stocks with global tensions outweighing strong economic growth, S&P 500 just below its 200-day moving average

Oct 15, 2018

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US Market Snapshot

  • Profit taking reigns today among US stocks with global tensions outweighing the strong growth seen; the S&P 500, which recently broke through it 200-day moving average, is trading just below it
  • The S&P 500 is currently down 0.4%, Nasdaq Composite is down 0.61%, and Russell 2000 is up 0.02%
  • Real Estate (+0.93%), Consumer Staples (+0.85%), and Utilities (+0.53%) stocks are the top performers in the S&P 500 today
  • Healthcare (-0.42%), Energy (-0.59%), and Tech (-1.09%) 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 1.02x
  • 0 stocks in the S&P500 are at 4-week highs while 201 stocks are at 4-week lows
  • 0 stocks in the S&P 500 are overbought while 138 stocks are oversold according to the 16-day RSI Measure
  • 18 stocks in the Nasdaq Composite are at 4-week highs while 594 stocks are at 4-week lows
  • 46 stocks in the Nasdaq Composite are overbought while 849 stocks are oversold according to the 16-day RSI Measure
  • The VIX is currently moving down at 20.79 from yesterday's close of 21.31

Stocks Trending in the News

Click name for Q-Factor rating and financials data.

  • Activision (ATVI) is falling 3% at $75.57 after the Financial Times reported that China’s freeze on video game approvals will remain in place until next year.  Activision was also upgraded at Barclay’s today to overweight from equal weight with the success of its Call of Duty launch cited as one of the main reasons.  Activision is rated ‘Neutral’ in both our US Large-Cap and US Information Technology Global Top Stock Ideas 
  • PNC Financial Services (PNC) received positive analyst comments from both Deutsche Bank and Bernstein in notes from each.  Deutsche Bank raised PNC Financial Services to buy from hold while noting the 24% fall in PNC Financials Services since March 9th.  Bernstein upgraded PNC Financial Services to buy from hold as well, highlighting positive fundamentals going into 3Q results.  PNC Financial Services is trading 0.35% higher on the news.  PNC Financial Services is rated ‘Attractive’ in our US Large-cap Global Top Stock Ideas
  • Sears (SHLD) said in its bankruptcy filing that it can only emerge as a smaller company and will only be able to function if it can get $300mm in junior debtor-in-possession financing from its largest shareholder, ESL Investments, or from another source.  Sears said it will check with other lenders on the availability of financing in an effort to find the most favorable terms.  Sears is trading 19% lower at $0.33.  Sears is rated ‘Unattractive’ in our US Large-cap Global Top Stock Ideas and ‘Top Short’ US Consumer Discretionary Global Top Stock Ideas 

US Treasuries

  • US 2-Year Treasury Notes are lower with yields up 0.02 basis points to 2.85%
  • US 5-Year Treasury Bonds are higher with yields down -0.17 basis points to 3.01%
  • US 10-Year Treasury Bonds are higher with yields down -0.37 basis points to 3.15%
  • The US Treasury 2s-5s Spread has narrowed 0.19 basis points to 0.16%
  • The US Treasury 2s-10s Spread has narrowed 0.39 basis points to 0.3%
  • US Treasury 5s-10s Spread has narrowed 0.2 basis points to 0.14%

Currencies

  • EUR€ is currently up 0.234% against the USD$ to 1.1587
  • GBP£ is currently little changed against the USD$ at 1.3158
  • CHF is currently up 0.496% against the USD$ to 1.0126
  • JPY¥ is currently down 0.356% against the USD$ to 111.81

Commodities

  • WTI Crude is currently little changed -0.22% to USD$71.18/bbl with the Brent-WTI spread little changed USD$-0.1 to USD$9.43/bbl
  • Gold is currently up 0.8% to USD$1226.8/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
L3 Technologies Inc Industrials 215 9.85%                  270,864
Harris Corp Industrials 169 8.79%                  311,401
Ralph Lauren Corp Consumer Discretionary 126 3.62%                  126,078
EQT Corp Energy 47 3.55%                  147,120
Newmont Mining Corp Materials 32.98 2.98%                  775,626
 
Underformers Sector Price 1D % Chg Volume
Occidental Petroleum Corp Energy 72.3 -6.03%                  529,237
ABIOMED Inc Health Care 368 -4.27%                     92,703
NVIDIA Corp Information Technology 238 -3.40%               1,520,387
Valero Energy Corp Energy 105 -3.33%                  270,814
Activision Blizzard Inc Communication Services 75.3 -3.30%               1,686,909