Market Wrap: Stocks Up 2.52%, Led by Energy and Industrials

Stock Market Performance Summary

Morningstar US Total Market Index Performance

• Week ended Nov. 13: 2.52%
• Quarter to date: -0.55%
• Year to date: 11.02%
• Trailing 12 months: 10.94%

Sector and Style Performance for the Week Ended Nov. 13

• The best-performing sectors were energy, up 5.53%, and industrials, up 3.79%.
• The worst-performing sectors were basic materials, up 0.49%, and real estate, up 0.7%.
• Large-cap stocks gained 2.61%, mid-cap stocks rose 3.01%, and small-cap stocks rose 1.92%.
• Growth stocks gained 2.32%, blend stocks gained 2.54%, and value stocks rose 2.78%.

Other Key Stats

• The S&P 500 gained 2.51%, and the Nasdaq rose 2.27%.
• Of the 880 US-listed companies covered by Morningstar, 619, or 70%, were up, none were unchanged, and 261, or 30%, were down.

Bonds and Commodities

• Yields on 10-year US Treasury notes rose to 5.15% from 4.86%.
• Yields on 2-year US Treasury notes rose to 4.88% from 4.51%.
• West Texas Intermediate crude prices fell 1.49% to $88.99 per barrel.
• Comex Gold prices fell 4.77% to $3,872.00.

Top Stock Gainers

Trade Desk TTD, Advanced Micro Devices AMD, Tandem Diabetes Care TNDM, Mobility Global MBGL, and Broadcom AVGO were the top performers among US-listed stocks covered by Morningstar analysts.

• Trade Desk topped the list, up 21.31% for the week and up 14.68% over the past three months. This no-moat company with a 3-star rating is down 64.67% over the past 12 months. The stock closed the week at $15.69, near its fair value estimate of $16.00 per share.
• AMD was the second-best performer, gaining 18.93%. The 3-star stock has risen 21.20% over the last three months. Shares in this narrow-moat company are up 126.08% over the past 12 months. AMD wrapped up the week at $534.06, near its fair value estimate of $570.00 per share.
• Tandem Diabetes Care came in third, rising 18.66%. The 3-star, no-moat stock fell 25.30% over the last three months and l 3.05% over the past 12 months. Tandem Diabetes Care closed at $20.06, trading at a 12% discount to its fair value estimate of $20.00 per share.
• The fourth-best-performing stock was narrow-moat Mobility Global, which gained 18.53%. The 5-star stock is up 18.20% over the last three months. Mobility Global finished the week at $23.28, trading at a 28% discount to its fair value estimate of $32 per share.
• Broadcom stock climbed 18.26% in the latest week. This wide-moat company has decreased 12.27% over the last three months but is up 3.30% over the past 12 months. The 5-star stock ended the week at $346.63 per share, trading at a 44% discount to its fair value estimate of $650.00.

Top Stock Losers

Kanzhun BZ, Ionis Pharmaceuticals IONS, Hims & Hers Health HIMS, Corteva CTVA, and IREN IREN did the worst among US-listed stocks covered by Morningstar analysts.

• Kanzhun was the worst-performing stock of the week, falling 26.55%. This 4-star, no-moat company fell 19.20% over the past three months and 39.08% over the past 12 months. The stock ended the week at $12.96, trading at a 27% discount to its fair value estimate of $17.00 per share.
• Ionis was the second-worst performer this week, with a 26.31% price decline this week. The narrow-moat company, rated 5 stars, fell 51.69% over the past three months and 62.42% over the past 12 months. Closing at $29.05, the stock trades at a 66% discount to its fair value estimate of $80.00 per share.
• Hims & Hers came in third, down 24.12% this week. This 3-star, no-moat company is down 34.17% over the past three months and 49.44% over the past 12 months. The stock finished the week at $19.73, trading at a 14% discount to its fair value estimate of $23.00 per share.
• Next up is Corteva, which saw its stock price fall by 20.76% this week. The narrow-moat company with a 5-star rating fell 1.43% over the past three months but rose 12.80% over the past 12 months. At $9.43, the stock trades at a 54% discount to its fair value estimate of $20.00 per share.
• IREN rounds out the list with a 16.00% decline this week. This 3-star, no-moat company fell 55.39% over the past three months and 65.03% over the past 12 months. The stock closed the week at $18.17, trading at a 15% discount to its fair value estimate of $23.00 per share.

Highlights of This Week’s Market and Investing Events

• Monday, Nov. 16: Earnings for Baidu BIDU
• Tuesday, Nov. 17: October Retail Sales, September Business Inventories, earnings for Walt Disney DIS, Home Depot HD, Nvidia NVDA
• Wednesday, Nov. 18: October New Residential Construction report, Minutes from the October Federal Open Market Committee Meeting, earnings for Target TGT, Lowe’s LOW
• Thursday, Nov. 19: Anthropic IPO: First day of trading, Initial Unemployment Insurance Claims report, earnings for Alibaba BABA, Walmart WMT