blog

Latest from the Quantamize Blog

US stocks higher with trade optimism being offset by profit-taking in semiconductors

Jan 08, 2019

 

Actionable and Transparent Quantitative ResearchActionable and Transparent Quantitative Research

Market data as of 12:15pm EST

US Market Snapshot

  • US stocks are higher midday but have retreated from session highs; the optimism on trade is being offset today with profit-taking in semiconductor stocks, weighing tech stocks in general
  • The S&P 500 is currently up 0.37%, Nasdaq Composite is up 0.46%, and Russell 2000 is up 0.66%
  • US-China trade talks are extending into Wednesday with both sides signaling progress and President Trump tweeting "going great"
  • US Commerce Secretary Wilbur Ross said yesterday, “there’s a very good chance we’ll get a reasonable settlement”
  • President Trump will give a prime-time national address this evening focused on his plan to end the US government shutdown
  • Energy (+1.28%), Telecom (+1.22%), and Industrials (+0.99%) stocks are the top performers in the S&P 500 today
  • Tech (+0.21%), Healthcare (+0.09%), and Financials (-0.49%) 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 1.92x
  • 66 stocks in the S&P500 are at 4-week highs while 3 stocks are at 4-week lows
  • 4 stocks in the S&P 500 are overbought while 2 stocks are oversold according to the 16-day RSI Measure
  • 44 stocks in the Nasdaq Composite are at 4-week highs while 29 stocks are at 4-week lows
  • 484 stocks in the Nasdaq Composite are overbought while 36 stocks are oversold according to the 16-day RSI Measure
  • The VIX is currently  moving down at 21.04 from yesterday's close of 21.40

Stocks Trending in the News

Click name for Q-Factor rating and financials data.
 

  • Danaher Corp. (DHR) Chief Executive Officer Thomas Joyce, Jr. is set to comment on the company’s performance at the J.P. Morgan Healthcare Conference in San Francisco today. Ahead of the conference, Danaher sees its FY4Q core revenue growth above its prior forecasts with its adjusted EPS expected to be, “at or near the high-end,” of previously announced guidance. Danaher is rated “Attractive” in our US Large-Cap Global Top Stock Ideas.
  • Frontier Communications (FTR) was downgraded by Wells Fargo Securities to underperform from market perform.  Frontier Communications also saw its price target cut to USD$1.75 from USD$5.  Frontier Communications is working on a plan to deal with its upcoming debt maturities.  Frontier Communications is rated “Unattractive” in our US SMID-Cap Global Top Stock Ideas.
  • Geely Automotive (SEHK: 175) provided guidance that implies its challenges will continue.  Geely sees sales growth in 2019 of just 1% while many analysts are expecting double-digit sales growth.  Merrill Lynch cut its price target to HK$10 from HK$19.  Credit Suisse cut its target to HK$11 from HK$29.  Geely Automotive is rated “Neutral” in our China All-Cap Global Top Stock Ideas.
  • General Dynamics (GD) had its shares downgraded at Jefferies to hold from buy.  Jefferies cut the price target of General Dynamics to USD$164 from USD$197.  General Dynamics won a USD$898 million cyber engineering contract for the US Navy, it also announced.  General Dynamics is rated “Top Buy” in our US Large-Cap Global Top Stock Ideas and “Attractive” in our US Industrials Global Top Stock Ideas.
  • Hornbeck Offshore Services (HOS) shares are trading notably higher after drawing on its remaining USD$136.68mm available under the company’s first-lien delayed-draw term loan credit facility. The company’s term loan is now fully funded at USD$300mm, according to the company. Hornbeck is rated “Neutral” in our US SMID-Cap Global Top Stock Ideas. 
  • Illumina Inc. (ILMN) shares are slipping lower after reporting preliminary FY4Q2018 financials that Goldman Sachs thinks are, “somewhat underwhelming,” considering that the company usually beats sales estimates by roughly USD$35mm. Illumina generated USD$865mm of sales in FY4Q2018 while analysts’ consesnus called for USD$861.2mm. Illumina is rated “Attractive” in our US Large-Cap Global Top Stock Ideas. 
  • Maxar Technologies (MAXR) reported the failure of its Worldview-4 global imaging satellite.  It appears its gyroscopes have failed at making it remain stable on an axis.  Maxar was downgraded by Credit Suisse to underperform from neutral on the news.  Maxar Technologies is rated “Unattractive” in our US SMID-Cap Global Top Stock Ideas and “Unattractive” in our US Industrials Global Top Stock Ideas.
  • PG&E (PCG) shares fell sharply yesterday on new it is exploring bankruptcy.  PG&E is considering bankruptcy because liabilities from wildfires has reached a potential USD$30 billion for the company with USD$10 billion in market cap.  The company is seeking help from the state of California for a potential bailout, though no specifics have been mentioned.  PG&E is rated “Attractive” in our US Large-Cap Global Top Stock Ideas.
  • Sears Holdings (SHLD) has rejected Chairman Eddie Lampert’s bid to save the company, setting the retailer on a path to liquidation after 126 years. Sears rejected a USD$4.4bn bid from Lampert’s ESL Investments as it was deemed insufficient by Sears’ advisors. Sears is rated “Top Short” in our US SMID-Cap Global Top Stock Ideas and “Top Short” in our US Consumer Discretionary Global Top Stock Ideas.
  • Union Pacific Corp (UNP) was upgraded at Seaport Securities to buy from neutral.  Seaport Securities raised the Union Pacific Corp price target to USD$165, implying a 19 upside to yesterday’s close.  Union Pacific is rated “Attractive” in our US Large-Cap Global Top Stock Ideas and “Attractive” in our US Industrials Global Top Stock Ideas.

 

Better Data for Better Investment DecisionsBetter Data for Better Investment Decisions

US Treasuries

  • US 2-Year Treasury Notes are lower with yields up 3.06 basis points to 2.54%
  • US 5-Year Treasury Bonds are lower with yields up 1.84 basis points to 2.54%
  • US 10-Year Treasury Bonds are lower with yields up 1.06 basis points to 2.69%
  • The US Treasury 2s-5s Spread has narrowed 1.22 basis points to -0.01%
  • The US Treasury 2s-10s Spread has narrowed 2 basis points to 0.14%
  • US Treasury 5s-10s Spread has narrowed 0.78 basis points to 0.15%

Currencies

  • EUR€ is currently down 0.279% against the USD$ to 1.1442
  • GBP£ is currently down 0.501% against the USD$ to 1.2713
  • CHF is currently down 0.157% against the USD$ to 1.0192
  • JPY¥ is currently little changed against the USD$ at 108.59

Commodities

  • WTI Crude is currently up 2.62% to USD$49.79/bbl with the Brent-WTI spread down USD$-1.16 to USD$7.97/bbl
  • Gold is currently down -0.36% to USD$1284.57/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

 

We Crunch the Numbers, You Make the Trade.We Crunch the Numbers, You Make the Trade.

 

S&P 500 Movers

On Mobile/Tablet scroll to the right.

Outperformers Sector Price 1D % Chg Volume
Union Pacific Corp Utilities 137 8.42%                839,916
Monster Beverage Corp Information Technology 49.4 6.09%                614,471
Mattel Inc Health Care 9.98 5.71%                739,704
Activision Blizzard Inc Consumer Discretionary 47 4.41%            1,558,735
Aptiv PLC Industrials 62 4.18%                145,265
 
Underperformers Sector Price 1D % Chg Volume
PG&E Corp Information Technology 23.6 -7.76%            2,963,541
Illumina Inc Industrials 300 -7.43%                374,917
Gap Inc/The Industrials 26.1 -4.40%                563,973
Applied Materials Inc Financials 31.6 -4.02%            1,503,699
NVIDIA Corp Health Care 131 -3.82%            3,092,876

Options
Quantitatively derived options trades TRANSPARENT AND EASILY EXECUTABLE