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SWS Market Update - February 28, 2022


The major U.S. stock indexes finished mixed on Monday as the geopolitical crisis in the Ukraine continues to impact global markets. The S&P 500 closed lower for the second month in a row, losing 8.2% since the beginning of 2022. The Nasdaq Composite also ended February lower and has lost 12% since the start of the year.


The S&P 500 fell 0.24% to close at 4373.94 on Monday. The Dow Jones Industrial Average dropped 0.49% to close at 33892.60 and the Nasdaq Composite gained 0.41% to close at 13751.40.


Economic Reports

Trade in goods, advance report went from -100.5 billion in December to -107.6 billion in January.


Chicago PMI dropped from 65.2 to 56.3 in February. Economists had predicted it to be 63.4 for the month.


Markets

The SP 500 is down by 0.24% to close at 4373.94. The index is up 0.58% over five days, down 3.14% over one month, down 6.04% over three months and up 12.10% over one year.

The trailing P/E is 23.83 compared to 43.74 one year ago and estimated future P/E 19.49. Dividend yield is currently 1.41 compared with 1.50 one year ago.

Leading stocks were SEDG up 14.93%, OXY up 12.88%, ENPH up 8.44%, LHX up 8.05% and NOC up 7.93%.

Trailing stocks were EPAM down 45.68%, VTRS down 24.28%, XRAY down 7.75%, IPGP down 5.58% and PPG down 5.41%.


The Dow Jones Industrial Average went down 0.49% to close at 33892.60. The DOW is down 0.55% over five days, down 3.53% over one month, down 3.54% over three months and up 7.47% over one year.

The trailing P/E is 18.80 compared with 32.09 year ago and an estimated future P/E of 17.90. The current dividend yield is 2.05% compared with 1.95 one year ago.

Leading stocks were CVX up 2.58%, BA up 1.92%, CRM up 1.17%, HON up 0.63% and MSFT up 0.50%.

Trailing stocks were JPM down 4.17%, GS down 2.52%, NKE down 1.62%, PG down 1.49% and V up 1.44%.


The NASDAQ composite went up 0.41% and closed at 13751.40. NASDAQ is up 1.50% over five days, down 3.43% over one month, down 12.87% over 3 months and up 1.20% over one year.

Leading stocks were MULN up 145.64%, NRSN up 72.19%, SXTC up 46.21%, REGI up 40.38% and IIN up 37.37%.

Trailing stocks were VEON down 35.96%, LXRX down 27.37%, GMBL down 25.86%, QK down 24.64%, and VTRS down 24.28%.


The MidCap SP400 remained at 0.00% to close at 2661.48. The SP400 is up 1.10% for the past 5 days, up 0.99% for the past month, down 4.33% for the past 3 months and up 3.80% over the past year.

Leading stocks were FHN up 28.66%, RUN up 10.71% and FL up 8.77%.

Trailing stocks were HR down 11.14%, LEA down 5.72% and CFX down 5.34%


The SmallCap SP600 is up by 0.41% to close at 1316.11. The SP600 is up 1.40% for the past 5 days, up 1.30% for the past month, down 4.11% for the past 3 months and down 0.11% over the past year.

Leading stocks were REGI up 40.38%, AVAV up 14.10% and PDCE up 13.37%.

Trailing stocks were ITRI down 12.85%, BOOM down 8.04% and GVA down 6.60%.


The CBOE VIX is up by 9.28% and closed at 30.15. The VIX is up 8.65% over five days, up 21.43% over one month, up 31.32% over three months and up 29.12% over one year.


On the New York stock exchange 1559 stocks advanced and 1799 declined, while on Nasdaq 2341 advanced and 2409 declined.

There were 68 new 52 week highs and 104 new 52 week lows on NYSE with 62 new highs and 185 new lows on NASDAQ.


The 2 year Treasury note yield is 1.432% and 10 year is 1.828%. The 10-year yield is down 11.6% over five days, up 3.6% over one month, up 37.8% three months ago, and up 42.3% one year ago.


SP500 Sector Performance % Change:

Energy +2.57

Industrials +0.70

Consumer Discretionary +0.60

Utilities +0.43

Communication Services 0.00

Information Technology -0.16

Health Care -0.75

Materials -1.18

Consumer Staples -1.31

Financials -1.45

Real Estate -1.77


Energy has been up 3.91% over five days, up 6.37% over one month, up 27.00% over three months and up 44.79% over one year.


Real Estate has been up 0.87% over five days, down 5.09% over one month, down 6.76% over three months and up 21.19% over one year.



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