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SWS Daily Report - June 28, 2021


Overview


Today saw a strong 1% advance by Nasdaq to another record, a 0.2% rise by the SPX leading to yet another all time high along with a 0.4% drop in the Dow. As would be expected with these numbers, the SP technology sector did the best with strong performers including AAPL, MSFT and INTC. Energy did the worst following a drop in the oil price.

The 10 year T bill dropped again to 1.478% from 1.535%. A drop in yield makes growth stocks more attractive.

There was no big economic news released today so investors focused on assessing recent events and waiting for the employment report that will be released on Friday.

Economy

June 29 will see the release of the Case-Shiller home price index for April and the Consumer Confidence Index for June.


Markets

The SP 500 is up by 0.23% to close at 4290.61. The index is up 1.56% over five days, up 2.06% over one month, up 8.05% over three months and up 40.53% over one year.

The trailing P/E is 37.26 compared with 27.21 one year ago and estimated future P/E 22.52. Dividend yield is currently 1.35 compared with 2.01 one year ago.

Leading stocks were ENPH up 7.38%, ETSY up 7.36%, NRG up 6.11%, NVDA up 5.01% and VIAC up 4.97%.

Trailing stocks were CCL down 7.04%, RCL down 6.47%, NCLH down 6.09%, NOV down 6.00% and EOG down 5.34%.


The Dow Jones industrial Average was down 0.44% to close at 34283.27. The DOW is up 1.20% over five days, down 0.71% over one month, up 3.35% over three months and up 33.94% over one year.

The trailing P/E is 29.00 compared with 21.76 year ago and an estimated future P/E of 20.12. The current dividend yield is 1.83% compared with 2.56 one year ago.

Leading stocks were INTL up 2.81%, MSFT up 1.40%, AAPL up 1.25%, CRM up 1.12% and MMM up 0.90%.

Trailing stocks were BA down 3.39%, CVX down 3.08%, AXP down 2.76%, TRV down 1.50%, and V down 1.36%.


The NASDAQ composite is up 0.98% and closed at 14500.51. NASDAQ has been up 2.54% over five days, up 5.47% over one month, up 11.03% over 3 months and up 46.85% over one year.

Leading stocks were MRIN up 96.85%, QADA up 79.79%, NTLA up 50.21%, AUUD up 43.66% and RSLS up 27.33%.

Trailing stocks were EXEL down 23.06%, KRBP down 20.10%, MMAT down 19.60%, OBLG down 17.93% and Tempest Therapeutics down 15.97%.


The MidCap SP400 dropped by 0.98% to close at 2699.85. The SP400 has been up 1.05% for the past 5 days, down 1.01% for the past month, up 4.68% for the past 3 months and up 53.40% over the past year.

Leading stocks were QDEL up 6.70%, SEDG up 6.33% and RUN up 5.77%.

Trailing stocks were EXEL down 23.06%, MUR down 7.12% and SABR down 6.61%


The SmallCap SP600 dropped 1.00% to close at 1374.93. The SP600 is up 1.03% for the past 5 days, up 0.22% for the past month, up 6.02% for the past 3 months and up 67.62% over the past year.

Leading stocks were MSTR up 13.48%, FLGT up 10.80% and AMEH up 9.86%.

Trailing stocks were SLCA down 9.50%, TISI down 9.04% and PBF down 8.40%.


The CBOE VIX is up 0.90% and closed at 15.76. The VIX is down 11.91% over five days, down 5.97% over one month, down 24.01% over three months and down 50.41% over one year.


On the New York stock exchange 1387 stocks advanced and 1997 declined, while on Nasdaq 2109 advanced and 2312 declined.

There were 150 new 52 week highs and 17 new 52 week lows on NYSE with 208 new highs and 32 new lows on NASDAQ.


The 2 year Treasury note yield is 0.258% and 10 year is 1.482%. The 10 year yield was up 1.5% over five days, down 13.1% over one month, down 24.0% three months ago, and up 82.8% one year ago.


SP500 Sector Performance % change

Information Technology + 1.11

Communication Services + 0.83

Utilities + 0.61

Consumer Discretionary + 0.27

Health Care + 0.17

Real Estate + 0.08

Consumer Staples + 0.03

Materials - 0.02

Industrials - 0.52

Financials - 0.81

Energy - 3.33


Information Technology has been up 2.40% over five days, up 6.26% over one month, up 11.22% over three months and up 42.83% over one year.

Energy has been down 1.13% over five days, up 3.67% over one month, up 7.38% over three months and up 43.68% over one year.


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