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SWS Daily Market Update - January 27, 2022


Overview

The U.S. stock indexes closed lower on Thursday, continuing the tumultuous week of trading. The Dow Jones Industrial Average dropped 0.02% to 34160.78. The S&P 500 fell 0.54% to 4326.51 and the tech-heavy Nasdaq Composite went down by 1.40% to close at 13352.78.


Economic Reports

Initial jobless claims for the week ending January 22/22 fell from 290,000 to 260,000. This was lower than economists had expected at 265,000. Continuing jobless claims for the week ending Jan 15/22 increased from 1.62 million previously to 1.68 million.


Gross domestic product for the fourth quarter came in at 6.9%, higher than was expected at 5.5% as well as higher than the previous quarter’s rate of 2.3%.


Final sales of domestic product increased from 0.1% to 1.9% in quarter four.


Real disposable incomes went from -4.3% to -5.8% in the fourth quarter.


Durable goods orders were at -0.9% for December 2021. Core capital equipment orders dropped from 0.3% to 0.1% in December.


Pending home sales index also reported a drop from -2.3% to -3.8% in December.


Markets

The SP 500 is down by 0.54% to close at 4326.51. The index is down 3.48% over five days, down 9.46% over one month, down 5.87% over three months and up 14.24% over one year.

The trailing P/E is 27.24 compared to 41.74 one year ago and estimated future P/E 20.10. Dividend yield is currently 1.38 compared with 1.55 one year ago.

Leading stocks were NOW up 9.14%, BLL up 8.57%, STX up 7.65%, PKG up 7.56% and NFLX up 7.51%.

Trailing stocks were TER down 22.41%, TSLA down 11.55%, AMD down 7.33%, NOC down 7.25% and TXT down 7.11%.


The Dow Jones industrial Average went down by 0.02% to close at 34160.78. The DOW is down 1.60% over five days, down 6.15% over one month, down 4.39% over three months and up 11.62% over one year.

The trailing P/E is 19.89 compared with 30.69 year ago and an estimated future P/E of 19.14. The current dividend yield is 2.03% compared with 1.97 one year ago.

Leading stocks were DOW up 5.17%, CVX up 2.02%, MRK up 1.82%, DIS up 1.36% and JNJ down 1.31%.

Trailing stocks were INTL down 7.04%, BA down 2.33%, AXP down 1.95%, JPM down 1.76%, and TRV down 1.31%.


The NASDAQ composite is down 1.40% and closed at 13352.78. NASDAQ is down 5.66% over five days, down 15.17% over one month, down 13.56% over 3 months and up 0.12% over one year.

Leading stocks were NSEC up 69.65%, SIDU up 31.55%, GLPG up 22.47%, LMPX up 20.68% and MARPS up 18.27%.

Trailing stocks were EPZM down 44.21%, TGTX down 40.50%, CYN down 36.47%, PETV down 35.00%, and AHI down 33.82%.


The MidCap SP400 is down by 0.15% to close at 2529.82. The SP400 is down 4.15% for the past 5 days, down 10.90% for the past month, down 9.44% for the past 3 months and up 5.93% over the past year.

Leading stocks were CMP up 5.66%, VSCO up 5.48% and SLGN up 5.15%.

Trailing stocks were GME down 9.43%, CACI down 8.37% and VLY down 7.93%


The SmallCap SP600 is down by 1.97% to close at 1252.49. The SP600 is down 3.66% for the past 5 days, down 10.68% for the past month, down 9.15% for the past 3 months and up 3.79% over the past year.

Leading stocks were CCRN up 7.31%, NTCT up 7.02% and CNMD up 6.70%.

Trailing stocks were SPPI down 33.62%, UFI down 17.59% and WTS down 13.01%.


The CBOE VIX is down by 4.60% and closed at 30.49. The VIX is up 19.15% over five days, up 75.94% over one month, up 84.45% over three months and up 0.93% over one year.


On the New York stock exchange 942 stocks advanced and 2477 declined, while on Nasdaq 1040 advanced and 3859 declined.

There were 36 new 52 week highs and 429 new 52 week lows on NYSE with 22 new highs and 847 new lows on NASDAQ.


The 2 year Treasury note yield is 1.191% and 10 year is 1.803%. The 10-year yield is down 0.7% over five days, up 29.3% over one month, up 22.4% three months ago, and up 75.3% one year ago.


SP500 Sector Performance % Change:

Energy +1.24

Utilities +0.78

Consumer Staples +0.58

Materials +0.36

Communication Services +0.29

Health Care +0.14

Information Technology -0.69

Financials -0.92

Industrials -0.93

Real Estate -1.75

Consumer Discretionary -2.27


Energy has been up 3.59% over five days, up 19.46% over one month, up 14.72% over three months and up 64.13% over one year.


Consumer Discretionary has been down 6.19% over five days, down 15.22% over one month, down 13.66% over three months and up 2.56% over one year.



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