uploads///Performance of SPYs Component Sectors

All Sectors Slid on September 14 except the Utility Sector


Sep. 16 2015, Updated 11:35 a.m. ET

Other top stocks of the day

Transocean (RIG), an oil and gas drilling company, was the second top gainer stock on September 14. RIG returned 2.67% on the day. The analysts from Zacks Investment Research rated the stock as a short-term “buy.” RIG returned 8.70% over the trailing five days. On September 14, RIG traded above its 20-day and 50-day moving average values.

Xilinx (XLNX) and Analog Devices (ADI) from the semiconductor industry both returned 2.15% on September 14. The XLNX “neutral” rating was upgraded to “buy” by Goldman Sachs. The trailing five-day return appreciated to 6.89% for XLNX. Amid the volatility, the share volume of the stock rose from 2,042,412 the previous day to 3,438,365 on September 14. Similarly, ADI was upgraded to a “buy” rating from a “hold” rating by the research analysts at Evercore ISI.

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SPY performance

Let’s look the performances of the component sector of the SPDR S&P 500 ETF (SPY). Except for the utility sector, all the component sectors of SPY dipped in the volatile environment ahead of the September 16–17 meeting of the Fed.

Electric utilities Exelon Corp (EXC) and FirstEnergy (FE) gained 1.55% and 0.95%, respectively, on September 14. The gas utility, NiSource (NI), showed a 0.78% gain on the day.

Stocks at the bottom

The stocks at the bottom on September 14 were Windstream Holdings (WIN), First Solar (FSLR), and Cabot Oil & Gas Corp. (COG). These stocks yielded -7.41%, -5.31%, and -3.84%, respectively.

As we have seen in Part 1 of this series, the volatility of the US stock market rose on Sunday, September 13, after the release of the Beijing report on August’s fixed asset investments, industrial production, and retail sales. According to this report, the figures for fixed-asset investments and industrial production were weaker than expected. This performance, along with the uncertainty of the Fed’s rate hike, contributed to the volatility in the US stock market.

Next, let’s look at the UK market on Monday, September 14, along with the implications of the above two macro-influences.


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