Morningstar

Weekly Market Update: Stocks Down as Energy Rises and Technology Falls

Paypal and Cintas were among the best-performing stocks, while semiconductor stocks SanDisk, Marvell Technologies dropped.

The logo of IBM is seen at the entrance to the Highlight Towers in Munich, Germany.
Matthias Balk/picture alliance via Getty
Securities in This Article
Nebius Group NV Shs Class-A-
(NBIS)
Zions Bancorp NA
(ZION)
Dentsply Sirona Inc
(XRAY)
Verizon Communications Inc
(VZ)
ServiceNow Inc
(NOW)

Stock Market Update for the Trading Week Ended July 17

  • The Morningstar US Market Index fell 1.53%.
  • The best-performing sectors were energy, up 4.54%, and real estate, up 2.64%.
  • The worst-performing sectors were technology, down 3.65%, and basic materials, down 1.85%.
  • Large-cap stocks fell 1.90%, mid-cap stocks fell 0.66%, and small-cap stocks fell 0.15%.
  • Growth stocks fell 4.12%, blend stocks fell 0.07%, and value stocks rose 0.54%.
  • The S&P 500 fell 1.55%, and the Nasdaq fell 2.9%.
  • Of the 882 US-listed companies covered by Morningstar, 499, or 57%, were up, one was unchanged, and 371, or 42%, were down.

Bonds and Commodities

  • Yields on 10-year US Treasury notes fell to 4.55% from 4.56%.
  • Yields on 2-year US Treasury notes fell to 4.18% from 4.21%.
  • West Texas Intermediate crude prices rose 15.42% to $82.54 per barrel.
  • Comex Gold prices fell 1.79% to $4,017.20.

Top Stock Gainers

PayPal Holdings PYPL, Dentsply Sirona XRAY, Cintas CTAS, Restoration Hardware RH, and HF Sinclair DINO were the top performers among US-listed stocks covered by Morningstar analysts.

  • PayPal topped the list, rising 22.13%, and it’s up 14.17% over the past three months. This narrow-moat company with a 4-star rating has decreased 21.68% over the past 12 months. The stock closed the week at $56.56, trading at a 29% discount to its fair value estimate of $80.00 per share.
  • Dentsply Sirona was the second-best performer, with a weekly return of 14.72%. The 3-star stock has gained 14.56% over the last three months. Shares in this no-moat company are down 10.37% over the past 12 months. Dentsply Sirona stock wrapped up the week at $14.05, trading near its fair value estimate of $14.00 per share.
  • Cintas ranked third for the week, rising 13.81%. The 3-star, wide-moat stock has gained 16.44% over the last three months but is down 2.79% over the past 12. Cintas stock closed at $204.45, trading near its fair value estimate of $200.00 per share.
  • The fourth-best-performing stock was no-moat Restoration Hardware, which gained 13.63%. The 4-star stock has gained 46.12% over the last three months and is up 0.47% over the past 12. Restoration Hardware finished the week at $187.88, trading at a 30% discount to its fair value estimate of $270.00 per share.
  • HF Sinclair stock climbed 13.48% in the latest week. This narrow-moat company has seen a 45.30% increase over the last three months and a rise of 107.23% over the past 12. The 3-star stock ended the week at $88.59 per share, trading at a 24% premium to its fair value estimate of $70.00.

Top Stock Losers

Sandisk SNDK, International Business Machines IBM, Marvell Technology MRVL, Intellia Therapeutics NTLA, and Nebius NBIS did the worst among US-listed stocks covered by Morningstar analysts.

  • Sandisk was the worst-performing stock of the week, falling 29.31%. This 2-star, no-moat company has risen 53.47% over the past three months and 3,311.70% over the past 12. The stock ended the week at $1,354.82, trading at a 41% premium to its fair value estimate of $1,000.00 per share.
  • IBM was the week’s second-worst performer, with a 26.04% decline. The narrow-moat company, rated 4 stars, has fallen 12.06% over the past three months and 19.91% over the past 12. Closing at $212.67, the stock trades at a 16% discount to its fair value estimate of $260.00 per share.
  • Marvell came in third, experiencing a 20.01% drop this week. This 4-star, narrow-moat company has risen 41.23% over the past three months and is up 166.11% over the past 12. The stock finished the week at $188.68, trading at a 20% discount to its fair value estimate of $235 per share.
  • Next was is Intellia, which fell 19.95% this week. The no-moat company with a 5-star rating has fallen 16.24% over the past three months and 0.84% over the past 12. At $11.38, the stock trades at a 56% discount to its fair value estimate of $27.00 per share.
  • Nebius rounded out the list with a 18.88% decline this week. This 2-star, no-moat company has risen 3.89% over the past three months and 222.21% over the past 12. The stock closed the week at $177.71, trading at a 43% premium to its fair value estimate of $120.00 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.

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