Friday, July 24, 2026
HomeStock MarketMarket Wrap: Stocks Slip as Energy Rises and Consumer Cyclicals Fall
Stock Market

Market Wrap: Stocks Slip as Energy Rises and Consumer Cyclicals Fall


Securities in This Article

Stock Market Update for the Trading Week Ended July 24

  • The Morningstar US Market Index fell 0.6%.
  • The best-performing sectors were energy, up 3.37%, and utilities, up 2.3%.
  • The worst-performing sectors were consumer cyclicals, down 5.48%, and communication services, down 3.94%.
  • Large-cap stocks fell 0.87%, mid-cap stocks rose 0.30%, and small-cap stocks fell 0.47%.
  • Growth stocks fell 0.15%, blend stocks fell 1.22%, and value stocks rose 1.18%.
  • The S&P 500 fell 0.61%, and the Nasdaq fell 2.13%.
  • Of the 836 US-listed companies covered by Morningstar, 378, or 45%, were up, one was unchanged, and 456, or 55%, were down.

Bonds and Commodities

  • Yields on 10-year US Treasury notes rose to 4.69% from 4.55%.
  • Yields on two-year US Treasury notes rose to 4.33% from 4.18%.
  • West Texas Intermediate crude prices rose 9.82% to $90.57 per barrel.
  • Comex Gold prices rose 0.98% to $4,056.40.

Top Stock Gainers

Tenet Healthcare THC, RingCentral RNG, SK Telecom SKM, Lockheed Martin LMT, and Digital Realty DLR were the top performers among US-listed stocks covered by Morningstar analysts.

  • Tenet topped the list, rising 19.64%, and it’s up 5.68% over the past three months. This narrow-moat company with a 4-star rating has increased 25.72% over the past 12 months. The stock closed the week at $233.20, trading at a 17% discount to its fair value estimate of $285.00 per share.
  • RingCentral was the second-best performer, with a weekly return of 16.92%. The 3-star stock has gained 0.17% over the last three months. Shares in this no-moat company are up 38.76% over the past 12 months. RingCentral stock wrapped up the week at $48.31, trading at a 14% discount to its fair value estimate of $45.00 per share.
  • SK Telecom ranked third for the week, rising 16.49%. The 4-star, no-moat stock has fallen 6.47% over the last three months but gained 58.42% over the past 12 months. SK Telecom stock closed at $35.67, trading at a 21% discount to its fair value estimate of $44.70 per share.
  • The fourth-best-performing stock was wide-moat Lockheed Martin, which gained 14.51%. The 4-star stock has gained 7.97% over the last three months and is up 38.83% over the past 12 months. Lockheed Martin finished the week at $582.60, trading at a 13% discount to its fair value estimate of $650.00 per share.
  • Digital Realty climbed 14.49% in the latest week. This no-moat company has seen a decrease of 9.72% over the last three months but a rise of 2.78% over the past 12 months. The 3-star stock ended the week at $199.08 per share, trading near its fair value estimate of $190.00.

Top Stock Losers

Rapid7 RPD, Tenable TENB, Swatch Group SWGAY, Tesla TSLA, and STMicroelectronics STM did the worst among US-listed stocks covered by Morningstar analysts.

  • Rapid7 was the worst-performing stock of the week, falling 22.21%. This 3-star, no-moat company has risen 65.40% over the past three months but fell 58.18% over the past 12 months. The stock ended the week at $9.49, trading near its fair value estimate of $10 per share.
  • Tenable took the second spot, with a 19.17% price decline this week. The no-moat company, rated 2 stars, has risen 62.32% over the past three months but fell 5.44% over the past 12 months. Closing at $32.25, the stock trades at a 37% premium to its fair value estimate of $23.00 per share.
  • Swatch came in third, experiencing a 18.95% drop this week. This 4-star, narrow-moat company has fallen 5.53% over the past three months but rose 11.43% over the past 12 months. The stock finished the week at $10.31, trading at a 20% discount to its fair value estimate of $13.30 per share.
  • Next up is Tesla, which fell 17.79% this week. The narrow-moat company with a 4-star rating has fallen 14.46% over the past three months and is down 3.87% over the past 12 months. At $313.03, the stock trades at a 29% discount to its fair value estimate of $450.00 per share.
  • STMicro rounds out the list with a 17.10% decline this week. This 4-star, narrow-moat company has risen 7.79% over the past three months and rose 69.50% over the past 12 months. The stock closed the week at $51.54, trading at a 26% discount to its fair value estimate of $72.00 per share.

Highlights of This Week’s Market and Investing Events

The author or authors do not own shares in any securities mentioned in this article.

Find out about Morningstar’s editorial policies.



Source link

add a comment

Leave a Response

You Might Also Like