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US stocks mixed midday, off lows of the day, with confidence of yesterday giving way to trade and geopolitical concerns today

Oct 17, 2018

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US Market Snapshot

  • US stocks are mixed in midday trading, up from earlier lows of the session as the confidence seen yesterday has given way to trade and geopolitical concerns today
  • The S&P 500 is currently up 0.01%, Nasdaq Composite is down 0.16%, and Russell 2000 is down 0.74%
  • Financials (+1.23%), Consumer Staples (+0.63%), and Healthcare (+0.47%) stocks are the top performers in the S&P 500 today
  • Materials (-0.56%), Consumer Discretionary (-0.72%), and Energy (-0.92%) 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 0.82x
  • 13 stocks in the S&P500 are at 4-week highs while 24 stocks are at 4-week lows
  • 1 stocks in the S&P 500 are overbought while 42 stocks are oversold according to the 16-day RSI Measure
  • 33 stocks in the Nasdaq Composite are at 4-week highs while 199 stocks are at 4-week lows
  • 98 stocks in the Nasdaq Composite are overbought while 240 stocks are oversold according to the 16-day RSI Measure
  • The VIX is currently moving down at 17.52 from yesterday's close of 17.62

Stocks Trending in the News

Click name for Q-Factor rating and financials data.
 

  • Apple (AAPL) today launched a portal where users of Apple products can see and download all the data they have stored with Apple.  Apple launched this type of portal in Europe first as part of its response to EU privacy rules.  Apple is now offering the same access to US customers.  Apple is trading 0.66% lower at $220.66.  Apple is rated ‘Top Buy’ in our US Large-Cap Global Top Stock Ideas and ‘Attractive’ in our US Information Technology Global Top Stock Ideas.
  • Lam Research (LRCX) is trading 1.7% higher at $147.47 in midday trading with the stock reacting positively to a Morgan Stanley note.  Lam Research should see higher shipments in 1H19 and set a record, despite worsening conditions in the overall markets, according to the note.  Lam Research is inexpensive and will likely move higher, the note goes on to add.  Lam Research is rated ‘Neutral’ in our US Large-Cap Global Top Stock Ideas and ‘Top Buy’ in our US Information Technology Global Top Stock Ideas.
  • Nertflix (NFLX) is trading 6% higher at $367.74 in the wake of its colossal beat in 3Q earrings.  Netflix has seen its stock’s price target hiked all around Wall Street with Goldman Sachs increasing Netflix’s target to $480.  Netflix added most of its new subscribers outside the US leading many to increases expected adds in international markets.  Netflix is rated ‘Neutral’ in both our US Large-Cap Global Top Stock Ideas and US Information Technology Global Top Stock Ideas.
     

US Treasuries

  • US 2-Year Treasury Notes are lower with yields up 0.43 basis points to 2.86%
  • US 5-Year Treasury Bonds are flat with yields little changed 0.01 basis points to 3.02%
  • US 10-Year Treasury Bonds are higher with yields down -0.18 basis points to 3.16%
  • The US Treasury 2s-5s Spread has narrowed 0.42 basis points to 0.15%
  • The US Treasury 2s-10s Spread has narrowed 0.61 basis points to 0.29%
  • US Treasury 5s-10s Spread has narrowed 0.19 basis points to 0.14%
     

Currencies

  • EUR€ is currently down 0.38% against the USD$ to 1.153
  • GBP£ is currently down 0.349% against the USD$ to 1.3135
  • CHF is currently down 0.208% against the USD$ to 1.0073
  • JPY¥ is currently little changed against the USD$ at 112.19

Commodities

  • WTI Crude is currently down -2.73% to USD$69.96/bbl with the Brent-WTI spread up USD$0.93 to USD$10.24/bbl
  • Gold is currently little changed 0.09% to USD$1226.02/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
United Continental Holdings Inc Industrials 88 5.35%            1,162,247
Netflix Inc Communication Services 364 4.79%            4,694,983
Morgan Stanley Financials 47.7 3.68%            1,562,714
US Bancorp Financials 52.7 3.45%                640,648
Delta Air Lines Inc Industrials 54.83 3.13%                995,280
 
Underformers Sector Price 1D % Chg Volume
AutoZone Inc Consumer Discretionary 711 -8.28%                  74,318
Advance Auto Parts Inc Consumer Discretionary 158 -6.05%                145,995
International Business Machines Corp Information Technology 137 -5.85%            1,662,986
Northern Trust Corp Financials 94.7 -4.84%                703,696
O'Reilly Automotive Inc Consumer Discretionary 332 -4.59%                186,751