Search

SWS Daily Market Update - February 17, 2022


US stocks dropped again on Thursday as investors continue to watch the geopolitical tension between the Ukraine and Russia combined with the apprehension of the Federal Reserve raising interest rates to combat inflation. The S&P 500 fell 2.12% to 4380.26. The Dow Jones Industrial Average had its largest single day drop since November, falling 1.78% to 34934.27. The Nasdaq Composite ticked down 2.88% to 13716.72.


Economic Reports

Initial jobless claims for the week ending February 12 climbed from 225,000 to 248,000. Continuing jobless claims for the week ending February 5, fell from 1.62 million to 1.59 million.


Building permits (SAAR) for January came in much higher than economists had predicted (1.75 million) at 1.90 million. However, housing starts fell in January from 1.71 to 1.64 million.


Philadelphia Fed manufacturing index in February was 16.0, compared with 23.2 the month before.


Markets

The SP 500 is down by 2.12% to close at 4380.26. The index is down 2.75% over five days, down 2.29% over one month, down 6.89% over three months and up 11.91% over one year.

The trailing P/E is 25.36 compared to 44.94 one year ago and estimated future P/E 20.05. Dividend yield is currently 1.36 compared with 1.49 one year ago.

Leading stocks were NEM up 5.40%, SEE up 4.96%, WMT up 4.04%, MRO up 3.99% and LDOS up 3.51%.

Trailing stocks were ALB down 19.85%, LKQ down 14.32%, TYL down 8.77%, BK down 8.24% and NVDA down 7.56%.


The Dow Jones Industrial Average went down 1.78% to close at 34934.27. The DOW is down 2.64% over five days, down 1.16% over one month, down 4.35% over three months and up 8.95% over one year.

The trailing P/E is 19.20 compared with 32.24 year ago and an estimated future P/E of 18.74. The current dividend yield is 2.01% compared with 1.89 one year ago.

Leading stocks were WMT up 3.84%, CSCO up 2.86%, KO up 1.99%, PG up 1.14% and VZ up 0.34%.

Trailing stocks were CRM down 5.58%, CAT down 4.37%, MMM down 3.57%, IBM down 3.26% and GS up 3.05%.


The NASDAQ composite went down 2.88% and closed at 13716.72. NASDAQ is down 3.31% over five days, down 3.09% over one month, down 14.24% over 3 months and up 1.07% over one year.

Leading stocks were Inspirato Inc up 648.38%, CPTN up 343.51%, ANGH up 161.36%, NVCT up 21.18% and BLCM down 19.50%.

Trailing stocks were AMPL down 58.90%, GHSI down 34.12%, YMTX down 28.81%, REVB down 27.35%, and MRKR down 25.99%.


The MidCap SP400 went down by 2.13% to close at 2644.93. The SP400 is down 1.37% for the past 5 days, up 0.21% for the past month, down 8.27% for the past 3 months and up 5.94% over the past year.

Leading stocks were VC up 12.61%, RGLD up 8.25% and MASI up 5.64%.

Trailing stocks were CROX down 13.02%, VNT down 12.18% and SITM down 8.82%


The SmallCap SP600 is down by 1.89% to close at 1304.50. The SP600 is up 0.04% for the past 5 days, up 0.34% for the past month, down 9.36% for the past 3 months and up 2.95% over the past year.

Leading stocks were KAR up 14.32%, CRMT up 6.93% and UFPI up 6.08%.

Trailing stocks were TRUP down 16.77%, ZYXI down 14.78% and CYH down 12.80%.


The CBOE VIX is up by 16.71% and closed at 28.35. The VIX is up 18.57% over five days, up 10.82% over one month, up 61.23% over three months and up 26.10% over one year.


On the New York stock exchange 886 stocks advanced and 2492 declined, while on Nasdaq 1009 advanced and 3701 declined.

There were 21 new 52 week highs and 156 new 52 week lows on NYSE with 36 new highs and 334 new lows on NASDAQ.


The 2 year Treasury note yield is 1.474% and 10 year is 1.970%. The 10-year yield is down 6.3% over five days, up 8.83% over one month, up 22.54% three months ago, and up 51.78% one year ago.


SP500 Sector Performance % Change:

Consumer Staples +0.91

Utilities +0.06

Energy -0.08

Real Estate -0.97

Health Care -1.60

Materials -1.70

Industrials -1.86

Financials -2.41

Consumer Discretionary -2.57

Communication Services -2.96

Information Technology -3.07


Consumer Staples has been up 0.69% over five days, up 0.08% over one month, up 5.34% over three months and up 17.27% over one year.


Information Technology has been down 3.61% over five days, down 2.21% over one month, down 9.46% over three months and down 12.94% over one year.



2 views0 comments