Weekly Market Update: Stocks Flat as Energy Rises, Healthcare Falls

Stock Market Update for the Trading Week Ended April 24

• The Morningstar US Market Index rose 0.46%.
• The best-performing sectors were energy, up 3.46%, and technology, up 3.03%.
• The worst-performing sectors were healthcare, down 3.15%, and communication services, down 2.49%.
• Large-cap stocks gained 0.67%, mid-cap stocks rose 0.12%, and small-cap stocks fell 0.74%.
• Growth stocks gained 0.76%, blend stocks fell 0.22%, and value stocks fell 0.95%.
• The S&P 500 gained 0.55%, and the Nasdaq rose 1.5%.
• Of the 876 US-listed companies covered by Morningstar, 307, or 35%, were up, none were unchanged, and 569, or 65%, were down.

Bonds and Commodities

• Yields on 10-year US Treasury notes rose to 4.31% from 4.26%.
• Yields on 2-year US Treasury notes rose to 3.78% from 3.71%.
• West Texas Intermediate crude prices rose 11.44% to $95.36 per barrel.
• Comex Gold prices fell 2.55% to $4,706.40.

Top Stock Gainers

Arm Holdings ARM, Advanced Micro Devices AMD, United Rentals URI, Texas Instruments TXN, and Intel INTC were the top performers among US-listed stocks covered by Morningstar analysts.

• Arm topped the list, rising 40.82%, and it’s up 76.28% over the past three months. This wide-moat company with a 2-star rating has increased 94.57% over the past 12 months. The stock closed the week at $234.84, trading at a 52% premium to its fair value estimate of $135.00 per share.
• AMD was the second-best performer, with a weekly return of 24.98%. The 3-star stock has gained 17.58% over the last three months. Shares in this narrow-moat company are up 237.79% over the past 12 months. AMD stock wrapped up the week at $347.76, trading near its fair value estimate of $300.00 per share.
• United Rentals ranked third for the week, rising 22.39%. The 3-star, narrow-moat stock has gained 7.59% over the last three months and gained 68.72% over the past 12 months. United Rentals stock closed at $974.24, trading near its fair value estimate of $960.00 per share.
• The fourth-best-performing stock was wide-moat Texas Instruments, which gained 20.61%. The 3-star stock has gained 46.73% over the last three months and is up 89.15% over the past 12 months. Texas Instruments finished the week at $277.15, trading at a 9% premium to its fair value estimate of $260.00 per share.
• Intel stock climbed 20.54% in the latest week. This no-moat company has seen an increase of 48.17% over the last three months and a rise of 224.33% over the past 12 months. The 1-star stock ended the week at $82.54 per share, trading at a 109% premium to its fair value estimate of $32.00.

Top Stock Losers

Charter Communications CHTR, Medpace Holdings MEDP, Tractor Supply TSCO, iQIYI IQ, and CRISPR Therapeutics CRSP did the worst among US-listed stocks covered by Morningstar analysts.

• Charter was the worst-performing stock of the week, falling 23.88%. This 5-star, narrow-moat company has risen 26.13% over the past three months but fell 28.36% over the past 12 months. The stock ended the week at $180.11, trading at a 46% discount to its fair value estimate of $450.00 per share.
• Medpace took the second spot, with a 21.13% price decline this week. The narrow-moat company, rated 2 stars, has fallen 33.10% over the past three months but rose 35.41% over the past 12 months. Closing at $410.42, the stock trades at a 20% premium to its fair value estimate of $329.00 per share.
• Tractor Supply came in third, experiencing a 18.38% drop this week. This 4-star, wide-moat company has fallen 29.77% over the past three months and fell 22.93% over the past 12 months. The stock finished the week at $36.73, trading at a 20% discount to its fair value estimate of $48.00 per share.
• Next up is iQIYI, which saw its stock price fall 17.02% this week. The no-moat company with a 3-star rating has fallen 41.18% over the past three months and fell 35.83% over the past 12 months. At $1.17, the stock trades at a 20% premium to its fair value estimate of $1.00 per share.
• CRISPR rounds out the list with a 15.89% decline this week. This 4-star, no-moat company has fallen 0.61% over the past three months but rose 43.18% over the past 12 months. The stock closed the week at $48.79, trading at a 48% discount to its fair value estimate of $106.00 per share.

Highlights of This Week’s Market and Investing Events

• Monday, April 27: Earnings from Verizon VZ
• Tuesday, April 28: April Consumer Confidence Survey, earnings from General Motors GM, Visa V
• Wednesday, April 29: March New Residential Construction report, March Durable Orders (month to month), April Federal Open Market Committee decision on interest rates, earnings from SoFi Technologies SOFI, AbbVie ABBV, Alphabet GOOGL, Ford F, Amazon AMZN, Meta Platforms META, Microsoft MSFT
• Thursday, April 30: First-quarter GDP (seasonally adjusted annual rate), Initial Unemployment Insurance Claims report for the week ended April 25, March Personal Income and Outlays report, April Chicago PMI, February Leading Indicators (month to month), earnings from Sirius XM Holdings SIRI, Mastercard MA, Eli Lilly LLY, Cullen/Frost Bankers CFR, Roblox RBLX, Apple AAPL
• Friday, May 1: April ISM Manufacturing, earnings from Exxon Mobil XOM