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US stocks lose momentum, give up earlier gains and are mixed midday; uneven corporate earnings results continue to dampen investors appetite

Oct 19, 2018

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US Market Snapshot

  • US stocks lost momentum, giving up earlier gains and are mixed midday; uneven corporate earnings results continue to dampen investors appetite for stocks
  • The S&P 500 is currently up 0.49%, Nasdaq Composite is down 0.16%, and Russell 2000 is down 0.22%
  • Utilities (+1.89%), Consumer Staples (+1.87%), and Real Estate (+0.92%) stocks are the top performers in the S&P 500 today
  • Materials (-0.49%), Healthcare (-0.51%), and Consumer Discretionary (-0.6%) 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 1.96x
  • 14 stocks in the S&P500 are at 4-week highs while 102 stocks are at 4-week lows
  • 1 stocks in the S&P 500 are overbought while 76 stocks are oversold according to the 16-day RSI Measure
  • 29 stocks in the Nasdaq Composite are at 4-week highs while 312 stocks are at 4-week lows
  • 103 stocks in the Nasdaq Composite are overbought while 440 stocks are oversold according to the 16-day RSI Measure
  • The VIX is currently  moving down at 11.78 from yesterday's close of 20.06

Stocks Trending in the News

Click name for Q-Factor rating and financials data.
 

  • EBay (EBAY) shares are sinking 8.6% midday, trading at $28.80, after comments made by PayPal (PYPL).  PayPal said it saw “ogoing pressure” and slower growth in its payments processing business, where it does a large volume for transactions for eBay.  These comments from PayPal led many analyst to conclude this may indicate lower gross volumes at eBay.  PayPal is 8.3% higher at $84.10.  EBay is rated ‘Unattractive’ in our US Large-Cap Global Top Stock Ideas and ‘Attractive’ in our US Information Technology Global Top Stock Ideas.  PayPay is rated ‘Unattractive’ in our US Large-Cap Global Top Stock Ideas and ‘Attractive’ in our US Information Technology Global Top Stock Ideas.
  • Harley-Davidson (HOG) was downgraded today at BMO Capital to market perform from outperform.  BMO Capital said that when looking at Harley-Davidson, “Things that we thought would happen to drive sales and earnings did not…” when explaining the downgrade.  Harley-Davidson has introduced new and better products, but has not seen a pick up in demand as a result.  Harley-Davidson is trading 1.4% lower at $39.80.  Harley-Davidson is rated ‘Unattractive’ in our US Large-Cap Global Top Stock Ideas and ‘Neutral’ in our US Consumer Discretionary Global Top Stock Ideas.
  • Valero Energy Corp (VLO) will buy all outstanding units of Valero Energy Partners (VLP) for USD$42.25 per common unit.  Valero Energy Corp will pay approximately USD$950mn for all the outstanding units of Valero Energy Partners.  Valero Energy Corp was downgraded to sell from neutral today at Goldman Sachs and its stock is falling 7.8% to $95.36.  Valero Energy Corp is rated ‘Neutral’ in our US Large-Cap Global Top Stock Ideas and Valero Energy Partners is rated ‘Neutral’ in our US SMID-Cap Global Top Stock Ideas.
     

US Treasuries

  • US 2-Year Treasury Notes are lower with yields up 2.97 basis points to 2.90%
  • US 5-Year Treasury Bonds are lower with yields up 2.26 basis points to 3.04%
  • US 10-Year Treasury Bonds are lower with yields up 1.53 basis points to 3.19%
  • The US Treasury 2s-5s Spread has narrowed 0.71 basis points to 0.15%
  • The US Treasury 2s-10s Spread has narrowed 1.44 basis points to 0.29%
  • US Treasury 5s-10s Spread has narrowed 0.73 basis points to 0.14%

Currencies

  • EUR€ is currently up 0.533% against the USD$ to 1.1514
  • GBP£ is currently up 0.177% against the USD$ to 1.3041
  • CHF is currently little changed against the USD$ at 1.0031
  • JPY¥ is currently up 0.205% against the USD$ to 112.44

Commodities

  • WTI Crude is currently up 1.18% to USD$69.46/bbl with the Brent-WTI spread down USD$-0.3 to USD$10.61/bbl
  • Gold is currently little changed 0.15% to USD$1227.66/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
Interpublic Group of Cos Inc/The Communication Services 24.6 9.88%                710,592
PayPal Holdings Inc Information Technology 84.1 8.39%            4,278,748
Procter & Gamble Co/The Consumer Staples 85.7 6.88%            3,426,855
Citizens Financial Group Inc Financials 36.8 5.18%                703,705
Synchrony Financial Financials 31.19 5.16%                737,319
 
Underformers Sector Price 1D % Chg Volume
eBay Inc Consumer Discretionary 28.8 -8.68%            4,642,324
VF Corp Consumer Discretionary 79.8 -8.45%                645,115
State Street Corp Financials 73.4 -7.87%                772,359
Valero Energy Corp Energy 95.8 -7.23%            1,013,063
Garrett Motion Inc #N/A N/A 13.7 -5.93%                159,997