Morningstar

Weekly Markets Wrap: Stocks Stumble as Energy Rises and Utilities Fall

The energy sector gained roughly 3%. SolarEdge and Venture Global were the top-performing stocks.

The arm logo is displayed on a mobile phone screen.
Ahmet Serdar Eser/Anadolu via Getty
Securities in This Article
Venture Global Inc Ordinary Shares - Class A
(VG)
The Mosaic Co
(MOS)
Tencent Music Entertainment Group ADR
(TME)
Equinor ASA ADR
(EQNR)
Tandem Diabetes Care Inc
(TNDM)

Stock Market Update for the Trading Week Ended March 20

  • The Morningstar US Market Index fell 1.82%.
  • The best-performing sectors were energy, up 2.99%, and financial services, up 0.35%.
  • The worst-performing sectors were utilities, down 5.0%, and basic materials, down 4.82%.
  • Large-cap stocks fell 2.0%, mid-cap stocks fell 1.26%, and small-cap stocks fell 1.64%.
  • Growth stocks fell 1.71%, blend stocks fell 1.63%, and value stocks fell 1.54%.
  • The S&P 500 fell 1.9% and the Nasdaq fell 2.07%.
  • Of the 837 US-listed companies covered by Morningstar, 270, or 32%, were up, two were unchanged, and 565, or 68%, were down.

Bonds and Commodities

  • Yields on 10-year US Treasury notes rose to 4.39% from 4.28%.
  • Yields on 2-year US Treasury notes rose to 3.88% from 3.73%.
  • West Texas Intermediate crude prices fell 1.69% to $97.63 per barrel.
  • Comex Gold prices fell 10.23% to $4,507.20.

Top Stock Gainers

SolarEdge Technologies SEDG, Venture Global LNG VG, Equinor EQNR, Tandem Diabetes Care TNDM, and Arm Holdings ARM were the top performers among US-listed stocks covered by Morningstar analysts.

  • SolarEdge topped the list, rising 38.06%, and it’s up 57.12% over the past three months. This no-moat company with a 3-star rating has increased 168.90% over the past 12 months. The stock closed the week at $51.69, trading at a 27% premium to its fair value estimate of $36.00 per share.
  • Venture Global was the second-best performer, with a weekly return of 20.4%. The 2-star stock has gained 125.32% over the last three months. Shares in this no-moat company are up 28.2% over the past 12 months. Venture Global stock wrapped up the week at $15.76, trading at a 30% premium to its fair value estimate of $11.00 per share.
  • Equinor ranked third for the week, with its stock rising 18.05%. The 2-star, no-moat stock has gained 79.14% over the last three months and 66.96% over the past 12. Equinor stock closed at $41.60, trading at a 49% premium to its fair value estimate of $27.20 per share.
  • The fourth-best-performing stock was no-moat Tandem, which gained 14.96%. The 3-star stock has gained 11.60% over the last three months and is up 19.45% over the past 12. Tandem finished the week at $24.82, trading at a 23% premium to its fair value estimate of $20.00 per share.
  • Arm stock climbed 14.41% in the latest week. This wide-moat company has seen an increase of 13.85% over the last three months and a rise of 10.10% over the past 12 months. The 1-star stock ended the week at $132.43 per share, trading at a 62% premium to its fair value estimate of $80.00.

Top Stock Losers

Tencent Music Entertainment Group TME, Klarna Group KLAR, Mosaic Company MOS, Sabre SABR and VNET Group VNET did the worst among US-listed stocks covered by Morningstar analysts.

  • Tencent Music was the worst-performing stock of the week, falling 28.94%. This 5-star, narrow-moat company has fallen 42.16% over the past three months and fell 28.82% over the past 12 months. The stock ended the week at $10.09, trading at a 63% discount to its fair value estimate of $28 per share.
  • Klarna took the second spot, with a 20.79% decline this week. The narrow-moat company, rated 5 stars, has fallen 56.43% over the past three months. Closing at $12.61, the stock trades at a 70% discount to its fair value estimate of $45.00 per share.
  • Mosaic came in third, experiencing a 19.49% drop this week. This 4-star, no-moat company has risen 11.01% over the past three months but fell 3.18% over the past 12 months. The stock finished the week at $23.59, trading at a 34% discount to its fair value estimate of $40.00 per share.
  • Next up is Sabre, which saw its price fall by 17.5% this week. The no-moat company with a 4-star rating has fallen 5.07% over the past three months and is down 60.53% over the past 12. At $1.32, the stock trades at a 30% discount to its fair value estimate of $2.02 per share.
  • VNET rounds out the list with a 16.08% decline this week. This 2-star, no-moat company has risen 6.97% over the past three months but fell 4.97% over the past 12 months. The stock closed the week at $8.82, trading at a 25% premium to to its fair value estimate of $7.50 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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