Weekly Market Update: Stocks Gain 4.62% to Hit New All-Time High as Tech Rises, Energy Falls

Stock Market Update for the Trading Week Ended April 17

• The Morningstar US Market Index rose 4.62%, reaching a new all-time high on April 15.
• The best-performing sectors were technology, up 8.23%, and consumer cyclicals, up 6.35%.
• The worst-performing sectors were energy, down 3.54%, and utilities, down 1.43%.
• Large-cap stocks gained 5.02%, mid-cap stocks rose 3.47%, and small-cap stocks rose 4.03%.
• Growth stocks gained 7.12%, blend stocks gained 4.96%, and value stocks rose 1.05%.
• The S&P 500 gained 4.54%, and the Nasdaq rose 6.84%.
• Of the 834 US-listed companies covered by Morningstar, 648, or 78%, were up, none were unchanged, and 186, or 22%, were down.

Bonds and Commodities

• Yields on 10-year US Treasury notes fell to 4.26% from 4.31%.
• Yields on 2-year US Treasury notes fell to 3.71% from 3.81%.
• West Texas Intermediate crude prices fell 11.47% to $84.66 per barrel.
• Comex Gold prices rose 2.36% to $4,860.80.

Top Stock Gainers

Hims & Hers Health HIMS, Affirm AFRM, Robinhood HOOD, Oracle ORCL, and Optimum Communications OPTU were the top performers among US-listed stocks covered by Morningstar analysts.

• Hims & Hers Health topped the list, rising 48.37%, but it’s down 13.99% over the past three months. This no-moat company with a 3-star rating has increased 0.15% over the past 12 months. The stock closed the week at $28.82, trading at a 17% premium to its fair value estimate of $23.00 per share.
• Affirm was the second-best performer, with a weekly return of 32.93%. The 3-star stock has lost 19.37% over the last three months. Shares in this narrow-moat company are up 47.89% over the past 12 months. Affirm stock wrapped up the week at $64.49, trading at a 14% premium to its fair value estimate of $53.00 per share.
• Robinhood ranked third for the week, rising 31.23%. The 2-star, narrow-moat stock has fallen 20.13% over the last three months but has gained 113.60% over the past 12 months. Robinhood stock closed at $90.79, trading at a 74% premium to its fair value estimate of $50.00 per share.
• The fourth-best-performing stock was narrow-moat Oracle, which gained 26.77%. The 4-star stock has fallen 6.41% over the last three months but is up 38.98% over the past 12 months. Oracle finished the week at $175.05, trading at a 19% discount to its fair value estimate of $220.00 per share.
• Optimum Communications climbed 26.52% in the latest week. This no-moat company has seen a 19.05% decrease over the last three months and a 32.89% decline over the past 12 months. The 3-star stock ended the week at $1.67 per share, trading at a 15% discount to its fair value estimate of $1.80.

Top Stock Losers

Badger Meter BMI, CarMax KMX, Venture Global VG, Alcoa AA, and LyondellBasell Industries LYB did the worst among US-listed stocks covered by Morningstar analysts.

• Badger Meter was the worst-performing stock, falling 25.57%. This 3-star, narrow-moat company has fallen 11.06% over the past three months and 16.35% over the past 12. The stock ended the week at $115.58, trading at a 9% discount to its fair value estimate of $167.00 per share.
• CarMax took the second spot, with a 12.46% price decline this week. The narrow-moat company, rated 5 stars, has fallen 17.08% over the past three months and 36.84% over the past 12. Closing at $40.88, the stock trades at a 59% discount to its fair value estimate of $99.00 per share.
• Venture Global came in third, experiencing a 11.64% drop this week. This 3-star, no-moat company has risen 44.30% over the past three months and 43.56% over the past 12. The stock finished the week at $11.43, trading near its fair value estimate of $13 per share.
• Next up is Alcoa, which saw its price fall 10.15% this week. The no-moat company with a 2-star rating has risen 17.38% over the past three months and 182.45% over the past 12. At $65.61, the stock trades at a 47% premium to its fair value estimate of $48.00 per share.
• LyondellBasell rounds out the list with a 10.11% decline this week. This 4-star, narrow-moat company has risen 49.24% over the past three months and 43.17% over the past 12. The stock closed the week at $66.27, trading at a 16% discount to its fair value estimate of $90.00 per share.

Highlights of This Week’s Market and Investing Events

• Monday, April 20: Earnings from Zions Bancorporation ZION
• Tuesday, April 21: March Retail Sales (month to month), February Business Inventories (month to month), earnings from GE Aerospace GE, UnitedHealth Group UNH
• Wednesday, April 22: Earnings from AT&T T, Boeing BA, United Airlines UAL, Kinder Morgan KMI, ServiceNow NOW, Tesla TSLA
• Thursday, April 23: Initial Unemployment Insurance Claims report for the week ended April 18, April Purchasing Managers Index Composite, earnings from American Airlines Group AAL, Huntington Bancshares HBAN, Snap SNAP, PG&E PCG
• Friday, April 24: Earnings from Procter & Gamble PG