
Stock Market Update for the Trading Week Ended Aug. 14
- The Morningstar US Total Market Index rose 0.48%.
- The best-performing sectors were energy, up 7.57%, and communication services, up 1.47%.
- The worst-performing sectors were consumer cyclical, down 1.76%, and basic materials, down 0.51%.
- Large-cap stocks gained 0.41%, mid-cap stocks rose 2.09%, and small-cap stocks rose 1.00%.
- Growth stocks fell 0.23%, blend stocks gained 0.47%, and value stocks rose 1.46%.
- The S&P 500 gained 0.36%, and the Nasdaq rose 0.14%.
- Of the 884 US-listed companies covered by Morningstar, 499, or 56%, were up, one was unchanged, and 383, or 43%, were down.
Bonds and Commodities
- Yields on 10-year US Treasury notes rose to 4.68% from 4.65%.
- Yields on 2-year US Treasury notes fell to 4.17% from 4.19%.
- West Texas Intermediate crude prices rose 6.94% to $82.43 per barrel.
- Comex Gold prices rose 0.63% to $4,373.90.
Top Stock Gainers
Nebius Group NBIS, Sandisk SNDK, Wix WIX, SK Hynix SKHY, and Seagate Technology STX were the top performers among US-listed stocks covered by Morningstar analysts.
- Nebius topped the list, rising 47.72%, and it’s up 23.05% over the past three months. This no-moat company with a 2-star rating has increased 261.09% over the past 12 months. The stock closed the week at $277.69, trading at a 70% premium to its fair value estimate of $150.00 per share.
- Sandisk was the second-best performer, with a weekly return of 35.32%. The 2-star stock has gained 5.59% over the last three months. Shares in this no-moat company are up 3,150.61% over the past 12 months. Sandisk wrapped up the week at $1,641.99, trading at a 53% premium to its fair value estimate of $1,000.00 per share.
- Wix ranked third for the week, with its stock rising 23.24%. The 3-star, no-moat stock has gained 44.72% over the last three months but fell 33.69% over the past 12 months. Wix stock closed at $74.18, trading near its fair value estimate of $82.00 per share.
- The fourth-best-performing stock was no-moat SK Hynix, which gained 20.56%. SK Hynix finished the week at $166.33, trading at a 9% premium to its fair value estimate of $152.00 per share.
- Seagate stock climbed 19.8% in the latest week. This no-moat company has seen a 12.82% increase over the last three months and a 489.03% rise over the past 12 months. The 2-star stock ended the week at $973.71 per share, trading at a 32% premium to its fair value estimate of $700.00.
Top Stock Losers
Tapestry TPR, AECOM ACM, Hub Group HUBG, On Holding ONON, and Under Armour UAA did the worst among US-listed stocks covered by Morningstar analysts.
- Tapestry was the worst-performing stock of the week, falling 20.56%. This 2-star, narrow-moat company has fallen 2.95% over the past three months but rose 14.50% over the past 12 months. The stock ended the week at $128.98, trading at a 46% premium to its fair value estimate of $88.00 per share.
- AECOM took the second spot, with a 16.79% price decline this week. The no-moat company, rated 5 stars, has fallen 9.36% over the past three months and is down 46.89% over the past 12 months. Closing at $63.11, the stock trades at a 39% discount to its fair value estimate of $104.00 per share.
- Hub came in third, experiencing a 15.75% drop this week. This 3-star, narrow-moat company has risen 10.08% over the past three months and rose 14.79% over the past 12 months. The stock finished the week at $40.29, trading at a 13% premium to its fair value estimate of $37.00 per share.
- Next up is On Holding, which fell 14.19% this week. The narrow-moat company with a 4-star rating has fallen 10.74% over the past three months and is down 34.45% over the past 12 months. At $32.22, the stock trades at a 34% discount to its fair value estimate of $48.00 per share.
- Under Armour rounds out the list with a 12.27% decline this week. This 5-star, no-moat company has risen 4.70% over the past three months and rose 5.73% over the past 12 months. The stock closed the week at $5.36, trading at a 55% discount to its fair value estimate of $12.00 per share.
Highlights of This Week’s Market and Investing Events
- Tuesday, Aug. 18: July New Residential Construction report, July Capacity Utilization, July Industrial Production, earnings from Baidu BIDU, Home Depot HD
- Wednesday, Aug. 19: July Federal Open Market Committee meeting minutes, earnings from Target TGT, Lowe’s Companies LOW
- Thursday, Aug. 20: Initial Unemployment Insurance Claims, July Leading Indicators, August Federal Reserve Bank of Philadelphia Index, earnings from Alibaba BABA, Walmart WMT
- Friday, Aug. 21: August Purchasing Managers Index Composite, August ISM Services PMI
The author or authors do not own shares in any securities mentioned in this article.
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