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SWS Market Update - May 13, 2022

U.S. stocks closed with gains on Friday after a tough week of losses. Despite Friday’s gains, all three benchmark indexes ended the week with losses. The Dow Jones Industrial Average dropped 2.1% and posted its longest losing streak in twenty years as it was down for the seventh week in a row. The S&P 500 fell 2.4% for the week and the Nasdaq Composite went down 2.8% for the week. This was the sixth week of losses for the S&P 500 and the Nasdaq Composite.

Economic Reports

Import price index dropped in April from 2.9% to 0.0%, lower than 0.6% economists had predicted.

UMich consumer sentiment index (preliminary) reported a decline in May from 65.2 to 59.1.

UMich 5-year inflation expectations remained at 3.0% for May.


The SP 500 went up by 2.39% to close at 4023.89. The index is down 2.41% over five days, down 8.39% over one month, down 8.93% over three months and down 3.59% over one year.

The trailing P/E is 20.48 compared to 37.04 one year ago and estimated future P/E 17.45. Dividend yield is currently 1.53 compared with 1.38 one year ago.

Leading stocks were LVS up 15.06%, WYNN up 13.17%, ENPH up 11.96%, MPWR up 11.13% and CZR up 10.36%.

Trailing stocks were TWTR down 9.67%, DVA down 2.91%, WRK down 2.63%, NLSN down 1.99% and CHRW down 1.78%.

The Dow Jones Industrial Average went up 1.47% to close at 32196.66. The DOW is down 2.14% over five days, down 6.54% over one month, down 7.32% over three months and down 6.36% over one year.

The trailing P/E is 18.31 compared with 29.63 year ago and an estimated future P/E of 16.93. The current dividend yield is 2.23% compared with 1.75 one year ago.

Leading stocks were NKE up 4.74%, CRM up 4.05%, AXP up 3.58%, BA up 3.30% and AAPL up 3.19%.

Trailing stocks were JNJ down 0.57%, AMGN down 0.54%, MRK down 0.46%, TRV down 0.34% and MMM down 0.19%.

The NASDAQ composite went up 3.82% and closed at 11805.00. NASDAQ is down 2.80% over five days, down 11.58% over one month, down 14.40% over 3 months and down 12.10% over one year.

Leading stocks were PIXY up 154.87%, PTE up 44.51%, VERU up 43.96%, CALA up 42.77% and VIEW up 38.70%.

Trailing stocks were LIQT down 45.36%, BRLT down 33.63%, TNON down 26.41%, VLON down 25.39%, and LXEH down 20.00%.

The MidCap SP400 went up by 2.57% to close at 2430.83. The SP400 is down 2.02% for the past 5 days, down 7.52% for the past month, down 8.18% for the past 3 months and down 10.69% over the past year.

Leading stocks were RUN up 17.45%, R up 17.03% and APPS up 14.65%.

Trailing stocks were CAR down 6.73%, TGNA down 2.74% and KMT down 2.13%

The SmallCap SP600 is up by 2.40% to close at 1189.33. The SP600 is down 1.61% for the past 5 days, down 7.39% for the past month, down 8.60% for the past 3 months and down 12.21% over the past year.

Leading stocks were NEO up 17.78%, DBD up 15.26% and SLQT up 13.97%.

Trailing stocks were LPG down 13.37%, EMBC down 8.83% and PRA down 3.70%.

The CBOE VIX is down by 9.13% and closed at 28.87. The VIX is down 4.37% over five days, up 27.18% over one month, up 5.52% over three months and up 53.48% over one year.

On the New York stock exchange 2664 stocks advanced and 695 declined, while on Nasdaq 3630 advanced and 1248 declined.

There were 12 new 52 week highs and 202 new 52 week lows on NYSE with 13 new highs and 316 new lows on NASDAQ.

The 2 year Treasury note yield is 2.590% and 10 year is 2.932%. The 10-year yield is down 19.8% over five days, up 10.2% over one month, up 98.9% three months ago, and up 130.6% one year ago.

SP500 Sector Performance % Change:

Consumer Discretionary +4.10

Information Technology +3.44

Energy +3.38

Real Estate +2.55

Communication Services +2.51

Materials +1.53

Consumer Staples +1.42

Financials +1.37

Industrials +1.24

Utilities +1.09

Health Care +1.05

Consumer Discretionary has been down 3.41% over five days, down 15.57% over one month, down 16.59% over three months and down 13.13% over one year.

Health Care has been down 0.94% over five days, down 7.33% over one month, down 1.38% over three months and up 4.24% over one year.

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