Afternoon Note
By Charles Payne, CEO & Principal Analyst
8/12/2020 1:51 PM
Since August 6, the market has completely flipped the script. Coming into today’s session:
- Stocks with the biggest share prices have been down the most and those with the lowest up the most.
- Stocks with the largest market caps have underperformed those with lowest caps by 7 percentage points.
- Companies with highest dividend yields are rocking versus those with lower yields.
And the biggest winners since the March 23 bottom to August 6 have underperformed the biggest laggards.
|
Role Reversal |
Top 10% |
Bottom 10% |
|
Share Price |
-2.09% |
+6.04% |
|
Market Cap |
-0.55% |
+6.73% |
|
Dividend Yield |
+5.37% |
+1.24% |
|
Movers Since March 23 |
+1.23% |
+3.64% |
Today, all sectors save Financials are looking better, as money is coming out of bonds into stocks, especially blue-chip names. Technology is the best performing sector.
|
S&P 500 Index |
+1.29% |
|
|
Communication Services (XLC) |
+1.32% |
|
|
Consumer Discretionary (XLY) |
+0.94% |
|
|
Consumer Staples (XLP) |
+1.48% |
|
|
Energy (XLE) |
+0.03% |
|
|
Financials (XLF) |
-0.83% |
|
|
Health Care (XLV) |
+1.72% |
|
|
Industrials (XLI) |
+0.00% |
|
|
Materials (XLB) |
+0.39% |
|
|
Real Estate (XLRE) |
+0.95% |
|
|
Technology (XLK) |
+2.07% |
|
|
Utilities (XLU) |
+1.68% |
| Comments |
| The market sure likes Congress being on vacation!! Jeannette Harmon on 8/12/2020 3:23:44 PM |
| I was not able to vote yesterday regarding Kamala Harris - she is part of the Silicone Valley crowd. God help us if she is elected - Patricia Heng on 8/13/2020 3:40:31 PM |
| Tweet |
Log In To Add Your Comment
| 10/31/2025 1:36 PM | Market Retreat |
| 10/31/2025 9:49 AM | NOT AFRAID |
| 10/30/2025 1:35 PM | More Big Tech Ahead |
| 10/30/2025 10:17 AM | THE COOLER |
| 10/29/2025 1:55 PM | All Attention to Big Tech |
| 10/29/2025 9:38 AM | UGLY WIN |
| 10/28/2025 1:50 PM | Optimism Outweighs Softness |
| 10/28/2025 9:33 AM | ALL ABOUT Al (STILL) |
| 10/27/2025 1:17 PM | Excitement Grows |
| 10/27/2025 9:51 AM | REVVING UP THE ENGINE |
| 10/24/2025 1:36 PM | Soft CPI Powers The Market |
| 10/24/2025 9:41 AM | NICE & STEADY |
| 10/23/2025 1:32 PM | Thursday Rebound |
| 10/23/2025 9:33 AM | SQUEAKY WHEEL |
| 10/22/2025 1:32 PM | Tesla On Deck |
| 10/22/2025 9:35 AM | SPINNING WHEELS |
| 10/21/2025 1:35 PM | Dinosaurs Rumble |
| 10/21/2025 9:41 AM | STEALTH PROFIT-TAKING & ROTATION |
| 10/20/2025 1:28 PM | Monday Strength |
| 10/20/2025 9:40 AM | CONSOLIDATING GAINS & ANXIETY |
| 10/17/2025 1:43 PM | Friday Zig Zag |
| 10/17/2025 9:51 AM | They Warned Us About Everything Else |
| 10/16/2025 1:33 PM | Another Intraday Reversal |
| 10/16/2025 9:30 AM | ENCOURAGING BUT NEED MORE |
| 10/15/2025 1:23 PM | Intraday Weakness |
| More commentary archives | |
|
Home |
Products & Services |
Education |
In The Media |
Help |
About Us |
Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.
|