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SWS Daily Market Update - Aug 3, 2021



Overview


Once again the markets shook off a bad day with gains the next day. The SPX rose to a new record on the strength of corporate earnings. The DOW and Nasdaq also gained. For some reason, the fear of spreading COVID infections was not as great today even though the numbers continue to increase. The 10 year Treasury yield was 1.174%.

The Commerce Department reported that factory orders in June rose by 1.5%, ahead of the forecast 1.0%. The May increase was 2.3%. Year over year, orders were up 18.4% annually. Manufacturing accounts for 11.9% of the GDP. The increase was seen across a range of manufacturing industries.

The final report on non-defense capital goods (excluding aircraft) rose 0.7% in June rather than the previously reported 0.5%. Core capital goods, used to calculate business equipment spending in the GDP reports, was unchanged at 0.6%.​

Markets

The SP 500 is up by 0.82% to close at 4423.15. The index is up 0.49% over five days, up 1.83% over one month, up 6.21% over three months and up 33.77% over one year.

The trailing P/E is 33.75 compared with 30.59 one year ago and estimated future P/E 22.52. Dividend yield is currently 1.31 compared with 1.90 one year ago.

Leading stocks were MRNA up 11.51%, IT up 10.83%, PXD up 7.84%, UAA up 7.53% and UA up 6.19%.

Trailing stocks were IPGP down 18.30%, LDOS down 10.94%, CLX down 9.46%, TTWO down 7.71% and FIS down 6.27%.


The Dow Jones industrial Average is up by 0.80% to close at 35116.40. The DOW is up 0.17% over five days, up 1.56% over one month, up 2.88% over three months and up 30.89% over one year.


The trailing P/E is 23.51 compared with 25.37 year ago and an estimated future P/E of 19.45. The current dividend yield is 1.80% compared with 2.45 one year ago.


Leading stocks were IBM up 1.87%, AMGN up 1.79%, MMM up 1.78%, BA up 1.66% and DOW up 1.65%.


Trailing stocks were DIS down 1.46%, MCD down 1.31%, V down 1.12%, AXP down 0.14%, and VZ down 0.05%.


The NASDAQ composite is up by 0.55% and closed at 14761.29. NASDAQ is up 0.69% over five days, up 0.67% over one month, up 8.27% over 3 months and up 34.92% over one year.

Leading stocks were CXDC up 152.65%, ARCT up 68.06%, FLGC up 62.53%, WHLM up 39.82% and TBIO up 29.23%.

Trailing stocks were EJH down 61.10%, STIM down 41.98%, MOHO down 38.26%, NEWT down 27.35%, and MOXC down 24.72%.


The MidCap SP400 is up by 0.63% to close at 2708.88. The SP400 is up 1.82% for the past 5 days, up 1.08% for the past month, down 0.81% for the past 3 months and up 43.01% over the past year.

Leading stocks were SEDG up 16.33%, BLD up 7.49% and NVT up 6.58%.

Trailing stocks were WWD down 7.18%, TREE down 6.52% and SAM down 5.28%


The SmallCap SP600 is up by 0.77% to close at 1345.17. The SP600 is up 2.01% for the past 5 days, down0.34% for the past month, down 0.68% for the past 3 months and up 52.66% over the past year.


Leading stocks were HLIT up 23.03%, MYGN up 14.16% and ADUS up 11.27%.


Trailing stocks were SHEN down 41.52%, UCTT down 14.23% and OMI down 8.83%.


The CBOE VIX dropped by 7.30% and closed at 18.04. The VIX is down 6.82% over five days, up 9.73%

over one month, up 7.39% over three months and down 24.07% over one year.


On the New York stock exchange 1982 stocks advanced and 1314 declined, while on Nasdaq 2121 advanced and 2224 declined.


There were 165 new 52 week highs and 33 new 52 week lows on NYSE with 136 new highs and 128 new lows on NASDAQ.


The 2 year Treasury note yield is 0.180% and 10 year is 1.178%. The 10 year yield is down 7.2% over five days, down 17.6% over one month, down 41.8% three months ago, and up 66.7% one year ago.


SP500 Sector Performance % change

Energy +1.83

Health Care +1.41

Industrials +1.38

Financials +1.13

Materials +1.01

Consumer Discretionary +0.77

Information Technology +0.69

Utilities +0.61

Consumer Staples +0.49

Real Estate +0.44

Communication Services -0.19


Energy has been up 1.23% over five days, down 5.79% over one month, down 1.41% over three months and up 34.92% over one year.


Communication Services has been down 0.98% over five days, up 1.25% over one month, up 7.13% over three months and up 41.59% over one year.

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