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SWS Daily Market Update - February 22, 2022


U.S. stocks fell on Tuesday after a tumultuous day of trading as investors concerns grew after Russia deployed soldiers into Ukraine. The S&P 500 dropped 1.01% to 4304.76, its lowest point in the last four months. It is over 10% lower than its January 3rd high and is now in its first correction since the beginning of the pandemic in February 2020.


The Dow Jones Industrial Average fell 1.42% to 33596.61 and the Nasdaq Composite decreased by 1.23% to close at 13381.52. All eleven sectors of the S&P 500 closed lower on Tuesday as well.


Economic Reports

S&P Case-Shiller home price index (year-over-year change) remained flat at 18.8% in December.


FHFA home price index (year-over-year change) stayed at 17.6% for the month of December.


Markit manufacturing PMI went up in February 55.5 to 57.5.


Markit services PMI saw an increase from 51.2 to 56.7 in February.


Consumer confidence index dropped slightly from 111.1 to 110.5 in February.


Markets

The SP 500 is down by 1.01% to close at 4304.76. The index is down 2.20% over five days, down 2.39% over one month, down 8.08% over three months and up 11.05% over one year.

The trailing P/E is 24.46 compared to 45.01 one year ago and estimated future P/E 19.69. Dividend yield is currently 1.39 compared with 1.48 one year ago.

Leading stocks were KHC up 5.04%, MDT up 3.12%, CARR up 2.75%, PPL up 2.72% and BAX up 2.56%.

Trailing stocks were HD down 8.85%, BBY down 7.33%, TSCO down 6.45%, MHK down 5.63% and DISCK down 5.55%.


The Dow Jones Industrial Average went down 1.42% to close at 33596.61. The DOW is down 2.80% over five days, down 2.23% over one month, down 5.68% over three months and up 6.58% over one year.

The trailing P/E is 18.67 compared with 32.29 year ago and an estimated future P/E of 18.13. The current dividend yield is 2.09% compared with 1.90 one year ago.

Leading stocks were MCD up 0.84%, AMGN up 0.29%, TRV up 0.26%, HON up 0.24% and VZ up 0.13%.

Trailing stocks were HD down 8.85%, BA down 4.92%, NKE down 3.33%, DIS down 2.16% and APPL up 1.78%.


The NASDAQ composite went down 1.23% and closed at 13381.52. NASDAQ is down 2.97% over five days, down 3.42% over one month, down 15.60% over 3 months and down 1.12% over one year.

Leading stocks were IMPP up 63.07%, CHNR up 29.46%, PALT up 26.11%, OCGN up 22.25% and AIP down 18.95%.

Trailing stocks were CSCW down 55.22%, DOGZ down 40.75%, ZSAN down 39.79%, FIXX down 32.64%, and ALLR down 30.73%.


The MidCap SP400 went down by 1.38% to close at 2596.25. The SP400 is down 1.53% for the past 5 days, down 1.71% for the past month, down 9.70% for the past 3 months and up 2.74% over the past year.

Leading stocks were ENV up 7.57%, CDK up 7.41% and TGNA up 7.11%.

Trailing stocks were TPX down 19.43%, ETRN down 11.59% and RH down 6.64%


The SmallCap SP600 is down by 1.45% to close at 1279.15. The SP600 is down 1.34% for the past 5 days, down 2.45% for the past month, down 10.71% for the past 3 months and down 1.34% over the past year.

Leading stocks were MTOR up 43.78%, CELH up 8.37% and UIS up 7.85%.

Trailing stocks were HSTM down 17.01%, DBD down 14.13% and CPS down 11.66%.


The CBOE VIX is up by 3.82% and closed at 28.81. The VIX is up 1.69% over five days, down 3.65% over one month, up 50.29% over three months and up 22.86% over one year.


On the New York stock exchange 749 stocks advanced and 2595 declined, while on Nasdaq 1207 advanced and 3531 declined.

There were 30 new 52 week highs and 337 new 52 week lows on NYSE with 32 new highs and 661 new lows on NASDAQ.


The 2 year Treasury note yield is 1.562% and 10 year is 1.944%. The 10-year yield is down 10.4% over five days, up 16.8% over one month, up 31.3% three months ago, and up 59.5% one year ago.


SP500 Sector Performance % Change:

Utilities -0.07

Real Estate -0.24

Health Care -0.25

Financials -0.42

Consumer Staples -0.83

Information Technology -0.88

Industrials -0.92

Communication Services -0.98

Materials -1.38

Energy -1.53

Consumer Discretionary -3.04


Utilities has been down 0.70% over five days, down 3.32% over one month, down 2.24% over three months and up 9.82% over one year.


Consumer Discretionary has been down 3.99% over five days, down 4.00% over one month, down 17.41% over three months and up 3.21% over one year.



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