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SWS Market Update - March 8, 2022


U.S. stocks dropped on Tuesday after the U.S. announced they would place a ban on Russian oil. The S&P 500 fell by 0.72% to close at 4170.70. The Dow Jones Industrial Average entered into a correction on Monday, lowered another 0.56% to close at 32632.64 today. The Nasdaq Composite went down 0.28% to close at 12795.55.


Economic Reports

NFIB small-business index fell from 97.1 to 95.7 in February.


Foreign trade deficit increased from -$82.0 billion to -$89.7 billion in January.


Wholesale inventories remained flat at 0.8% in January.


Markets

The SP 500 is down by 0.72% to close at 4170.70. The index is down 3.15% over five days, down 7.76% over one month, down 11.01% over three months and up 7.62% over one year.

The trailing P/E is 24.21 compared to 45.02 one year ago and estimated future P/E 19.25. Dividend yield is currently 1.42 compared with 1.49 one year ago.

Leading stocks were ENPH up 10.82%, SEDG up 10.41%, PWR up 8.17%, VLO up 7.77% and SLB up 7.08%.

Trailing stocks were STX down 9.51%, CAG down 8.22%, ISRG down 7.98%, BRO down 7.70% and CPB down 7.07%.


The Dow Jones Industrial Average went down 0.56% to close at 32632.64. The DOW is down 1.99% over five days, down 7.98% over one month, down 8.64% over three months and up 2.51% over one year.

The trailing P/E is 18.12 compared with 32.39 year ago and an estimated future P/E of 17.63. The current dividend yield is 2.15% compared with 1.86 one year ago.

Leading stocks were CAT up 6.76%, CVX up 5.24%, BA up 2.74%, MMM up 1.48% and WBA up 1.02%.

Trailing stocks were KO down 3.96%, PG up 3.96%, UNH down 2.75%, VZ down 2.62% and NKE down 2.60%.


The NASDAQ composite went down 0.28% and closed at 12795.55. NASDAQ is down 5.45% over five days, down 9.86% over one month, down 18.43% over 3 months and down 2.13% over one year.

Leading stocks were HYMC up 203.31%, KALA up 88.49%, WPRT up 52.63%, WAVE up 50.90% and EFOI up 46.72%.

Trailing stocks were IMPP down 43.33%, ISPO down 42.78%, DBGI down 30.61%, PXS down 23.44%, and CYTO down 21.48%.


The MidCap SP400 went up by 0.36% to close at 2526.22. The SP400 is down 3.18% for the past 5 days, down 5.47% for the past month, down 9.84% for the past 3 months and down 0.84% over the past year.

Leading stocks were SPWR up 18.74%, HFC up 16.36% and TRIP up 11.77%.

Trailing stocks were STAA down 9.34%, CLF down 9.13% and SFM down 6.25%


The SmallCap SP600 is up by 0.38% to close at 1274.30. The SP600 is down 1.30% for the past 5 days, down 2.55% for the past month, down 8.59% for the past 3 months and down 4.90% over the past year.

Leading stocks were PBF up 18.65%, NBRWF up 16.13% and CNSL up 14.23%.

Trailing stocks were BNED down 18.79%, CENX down 9.13% and SNEX down 7.17%.


The CBOE VIX is down by 3.62% and closed at 35.13. The VIX is up 5.43% over five days, up 63.85% over one month, up 60.48% over three months and up 46.19% over one year.


On the New York stock exchange 1703 stocks advanced and 1607 declined, while on Nasdaq 2459 advanced and 2267 declined.

There were 108 new 52 week highs and 500 new 52 week lows on NYSE with 53 new highs and 793 new lows on NASDAQ.


The 2 year Treasury note yield is 1.605% and 10 year is 1.848%. The 10-year yield is down 3.0% over five days, down 9.9% over one month, up 36.9% three months ago, and up 33.0% one year ago.


SP500 Sector Performance % Change:

Energy +1.39

Consumer Discretionary +0.06

Communication Services -0.11

Information Technology -0.43

Materials -0.50

Financials -0.55

Industrials -0.63

Real Estate -0.88

Utilities -1.61

Health Care -2.11

Consumer Staples -2.64

Energy has been up 9.68% over five days, up 10.23% over one month, up 39.16% over three months and up 45.75% over one year.

Consumer Staples has been down 3.26% over five days, down 4.73% over one month, down 0.22% over three months and up 13.79% over one year.


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