SWS Daily Market Update - August 16, 2021


Stocks started lower today after news of slowing of China’s growth but rebounded up resulting in the SPX and DOW again setting new records. Both indices have now had five consecutive days of closing at record highs. Nasdaq was down 0.2% because of ongoing weakness in technology stocks. Oil prices dropped over concern that the ongoing increase in COVID infections from Delta will result in travel restrictions and less fuel demand.

The SPX has now doubled since its low in March 202, the fastest doubling of the SPX since 1933.

There were no major economic releases today but a number come out tomorrow:

Advance retail sales for July: estimate down 0.3%, previous up 0.6%

Industrial production for July: estimate 0.5%, previous 0.4%

Capacity utilization for July: estimate 75.7%, previous 75.4%​


The SP 500 is up by 0.26% to close at 4479.71. The index is up 1.07% over five days, up 5.19% over one month, up 7.60% over three months and up 32.46% over one year.

The trailing P/E is 31.31 compared to 35.39 one year ago and estimated future P/E 22.29. Dividend yield is currently 1.32 compared with 1.81 one year ago.

Leading stocks were XRAY up 3.17%, DXCM up 3.01%, IQV up 2.88%, AAP up 2.82% and ANTM up 2.42%.

Trailing stocks were TSLA down 4.32%, ENPH down 4.26%, PENN down 2.98%, APA down 0.75% and CF down 4.11%.

The Dow Jones industrial Average is up by 0.31% to close at 35625.40. The DOW is up 1.49% over five days, up 4.90% over one month, up 3.78% over three months and up 27.94% over one year.

The trailing P/E is 23.95 compared with 28.18 year ago and an estimated future P/E of 19.50. The current dividend yield is 1.76% compared with 2.28 one year ago.

Leading stocks were UNH up 1.84%, MRK up 1.58%, AMGN up 1.38%, AAPL up 1.35% and V up 1.16%.

Trailing stocks were BA down 2.30%, DIS down 1.10%, CVX down 1.02%, CRM down 0.94%, and JPM down 0.66%.

The NASDAQ composite is down by 0.20% and closed at 14793.76. NASDAQ is down 0.45% over five days, up 3.63% over one month, up 10.57% over 3 months and up 32.92% over one year.

Leading stocks were NAOV up 33.73%, GOCO up 22.11%, LIVE up 16.20%, STAF up 15.72% and TVTX up 15.34%.

Trailing stocks were SESN down 42.18%, JRJC down 35.36%, EPIX down 34.48%, HUDI down 23.02%, and YJ down 19.37%.

The MidCap SP400 is down by 0.24% to close at 2724.79. The SP400 is up 0.55% for the past 5 days, up 5.98% for the past month, up 0.23% for the past 3 months and up 39.48% over the past year.

Leading stocks were AN up 5.72%, BJ up 4.33% and MEDP up 3.97%.

Trailing stocks were HQY down 5.07%, RUN down 5.05% and MUR down 4.42%

The SmallCap SP600 is down by 0.51% to close at 1343.09. The SP600 is down 0.10% for the past 5 days, up 5.51% for the past month, down 1.01% for the past 3 months and up 46.13% over the past year.

Leading stocks were COLL up 14.54%, RDNT up 8.16% and CCRN up 8.22%.

Trailing stocks were CARA down 9.46%, NBRWF down 8.71% and LPI down 6.84%.

The CBOE VIX is up by 4.34% and closed at 16.12. The VIX is down 3.59% over five days, down 28.36% over one month, down 18.26% over three months and down 24.50% over one year.

On the New York stock exchange 1175 stocks advanced and 2131 declined, while on Nasdaq 1362 advanced and 3049 declined.

There were 147 new 52 week highs and 80 new 52 week lows on NYSE with 114 new highs and 281 new lows on NASDAQ.

The 2 year Treasury note yield is 0.209% and 10 year is 1.276%. The 10 year yield is down 8.1% over five days, up 5.2% over one month, down 36.3% three months ago, and up 61.1% one year ago.

SP500 Sector Performance % change

Health Care +1.13

Utilities +0.65

Consumer Staples +0.63

Information Technology +0.44

Industrials +0.34

Communication Services +0.25

Real Estate +0.12

Financials -0.17

Consumer Discretionary -0.38

Materials -0.49

Energy -1.83

Health Care has been up 1.28% over five days, up 6.19% over one month, up 9.80% over three months and up 25.93% over one year.

Energy has been down 1.17% over five days, up 2.53% over one month, down 11.25% over three months and up 27.76% over one year.

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