Weekly Market Update: Stocks Gain Nearly 1% as Industrials Rise and Energy Falls

Stock Market Update for the Trading Week Ended June 18

• The Morningstar US Market Index rose 0.94%.
• The best-performing sectors were industrials, up 3.01%, and technology, up 2.92%.
• The worst-performing sectors were energy, down 6.53%, and real estate, down 3.31%.
• Large-cap stocks gained 1.19%, mid-cap stocks rose 0.35%, and small-cap stocks fell 0.09%.
• Growth stocks gained 2.46%, blend stocks gained 0.88%, and value stocks fell 1.75%.
• The S&P 500 gained 0.93%, and the Nasdaq rose 2.43%.
• Of the 875 US-listed companies covered by Morningstar, 327, or 37%, were up, two were unchanged, and 545, or 62%, were down.

Bonds and Commodities

• Yields on 10-year US Treasury notes fell to 4.46% from 4.48%.
• Yields on 2-year US Treasury notes rose to 4.19% from 4.09%.
• West Texas Intermediate crude prices fell 9.02% to $76.69 per barrel.
• Comex Gold prices rose 0.38% to $4,223.70.

Top Stock Gainers

Western Digital WDC, Hims & Hers Health HIMS, Intellia Therapeutics NTLA, Moderna MRNA, and Bloom Energy BE were the top performers among US-listed stocks covered by Morningstar analysts.

• Western Digital topped the list, rising 32.61%, and it’s up 126.98% over the past three months. This no-moat company with a 1-star rating has increased 1116.72% over the past 12 months. The stock closed the week at $746.37, trading at a 72% premium to its fair value estimate of $415.00 per share.
• Hims & Hers was the second-best performer, with a weekly return of 32.25%. The 2-star stock has gained 27.66% over the last three months. Shares in this no-moat company are down 46.17% over the past 12 months. Hims & Hers wrapped up the week at $35.47, trading at a 39% premium to its fair value estimate of $23.00 per share.
• Intellia ranked third, with its stock rising 29.23%. The 4-star, no-moat stock has gained 12.76% over the last three months and 58.66% over the past 12. Intellia closed at $15.65, trading at a 44% discount to its fair value estimate of $27.00 per share.
• The fourth-best-performing stock was no-moat Moderna, which gained 28.09%. The 3-star stock has gained 14.59% over the last three months and is up 141.88% over the past 12. Moderna finished the week at $63.95, trading near its fair value estimate of $63.00 per share.
• Bloom stock climbed 26.4%. This no-moat company has seen an increase of 78.06% over the last three months and a rise of 1,235.47% over the past 12 months. The 1-star stock ended the week at $328.91 per share, trading at a 307% premium to its fair value estimate of $70.

Top Stock Losers

Accenture ACN, Fox FOXA, EPAM Systems EPAM, and Globant GLOB did the worst among US-listed stocks covered by Morningstar analysts.

• Accenture was the worst-performing stock of the week, falling 24.84%. This 5-star, narrow-moat company has fallen 20.65% over the past three months and 47.96% over the past 12. It ended the week at $127.98, trading at a 39% discount to its fair value estimate of $255.00 per share.
• Fox took the second spot, with a 20.79% price decline this week. The no-moat company, rated 4 stars, has fallen 11.97% over the past three months and 4.07% over the past 12. Closing at $52.15, the stock trades at a 21% discount to its fair value estimate of $65.00 per share.
• Next up is EPAM, which saw its stock price fall by 19.65% this week. The no-moat company with a 4-star rating has fallen 35.73% over the past three months and 47.98% over the past 12. At $76.85, the stock trades at a 36% discount to its fair value estimate of $136.00 per share.
• Globant rounds out the list with a 18% decline this week. This 4-star, no-moat company has fallen 22.45% over the past three months and is down 62.63% over the past 12. The stock closed the week at $30.74, trading at a 43% discount to its fair value estimate of $61.00 per share.

Highlights of This Week’s Market and Investing Events

• Wednesday, June 24: May New Home Sales
• Thursday, June 25: May Personal Income and Outlays report, Initial Unemployment Insurance Claims, May Durable Orders