The Trend Catcher | Oil Prices Stabilize; Elec-Semiconductor Equip Sector Rises, Led by ONTO (+6%), FORM (+5%); ATEYY, FLLY, CVE Among 8 Stocks Nearing Key Levels
ASML Holding NV ADR ASML | 0.00 | |
Applied Materials, Inc. AMAT | 0.00 | |
Lam Research Corporation LRCX | 0.00 | |
KLA KLAC | 0.00 | |
TOKYO ELECTRON TOELY | 0.00 |
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1. Leader industry as of 6:10 pm
| Name | Price % Chg | Ind Group Rank | Ind Grp Rnk 3 Mo Ago | % Chg YTD | Ind Mkt Val (bil) |
| Elec-Semiconductor Equip | 3.15 | 24 | 7 | 79.3 | 2,277.40 |
| Hsehold/Office Furniture | 2.43 | 131 | 141 | -13.8 | 21.8 |
| Oil&Gas-Refining/Mktg | 2.35 | 9 | 21 | 74.6 | 377.7 |
| Energy-Alternative/Other | 2.22 | 97 | 16 | 28.3 | 700.9 |
| Energy-Solar | 2.2 | 118 | 62 | -0.1 | 57 |
Elec-Semiconductor Equip related stocks: ASML Holding NV ADR(ASML.US), Applied Materials, Inc.(AMAT.US), Lam Research Corporation(LRCX.US), KLA(KLAC.US), TOKYO ELECTRON(TOELY.US), ADVANTEST CORP(ATEYY.US), Teradyne, Inc.(TER.US), Qnity Electronics(Q.US), LASERTEC CORP(LSRCY.US), Onto Innovation(ONTO.US), FormFactor, Inc.(FORM.US).
Hsehold/Office Furniture related stocks: Somnigroup International Inc.(SGI.US), HNI Corporation(HNI.US), MillerKnoll, Inc.(MLKN.US), Leggett & Platt, Incorporated(LEG.US), Flexsteel Industries, Inc.(FLXS.US), CompX International Inc. Class A(CIX.US), NLI Holdings, Inc.(NL.US), Bassett Furniture Industries, Inc.(BSET.US), Hooker Furnishings Corporation(HOFT.US).
Quick Summary and Outlook
Market Overview — U.S. stocks closed slightly lower on August 10, with the S&P 500 down 0.06% and the Nasdaq Composite falling 0.32%, as investors locked in gains near record highs. Energy stocks outperformed as oil prices jumped amid renewed concerns over geopolitical risks.
Energy: Energy stocks led the market higher as U.S. crude prices surged about 5% to $82.13 a barrel. Chevron Corporation(CVX.US), Exxonmobil Holdings Corporation(XOM.US), and ConocoPhillips(COP.US) remained key names to watch as higher oil prices boosted the sector.
Industrials & Value: Value-oriented stocks showed relative resilience as investors rotated away from high-valuation growth names. Berkshire Hathaway Inc. Class A(BRK.US) stood out after reporting solid quarterly results, supported by stronger earnings from its railroad, energy and manufacturing businesses.
AI & Semiconductors: AI-related stocks faced profit-taking despite strong long-term demand. NVIDIA Corporation(NVDA.US) fell 2.9%, while Intel Corporation(INTC.US) dropped 4.1% after announcing plans for a $15 billion stock offering, adding pressure to the semiconductor sector.
Big Tech: Mega-cap technology stocks weighed on the broader market. Apple Inc.(AAPL.US)came under pressure after Jefferies downgraded the stock to Underperform and cut its price target, citing concerns over its product cycle and rising memory costs.
Financials: Financial stocks remained sensitive to shifting rate expectations. With July employment data weakening but higher oil prices reviving inflation concerns, markets are closely watching the upcoming CPI report and its potential impact on Fed policy.
One Sentence to Sum It Up: The market's primary narrative shifted from the strength of AI and technology sectors seen last week to a focus on rising oil prices and geopolitical risks; consequently, the energy sector outperformed, while chipmakers and certain large-cap tech stocks acted as the main drags on the market.
2. Breaking Out Today as of 6:15 pm
No stock breaks out today.
3. Near Breakouts as of 6:15 pm
| Symbol | Comp Rating | Industry Name | Current Price | Price % Chg | Market Cap (mil) |
| ADVANTEST CORP(ATEYY.US) | 98 | Elec-Semiconductor Equip | 217.17 | 2.58 | 150,349.20 |
| Palvella Therapeutics, Inc.(PVLA.US) | 59 | Medical - Development Biotech | 156 | 2.49 | 2,193.20 |
| Cenovus Energy Inc.(CVE.US) | 85 | Oil&Gas-Integrated | 30.05 | 1.64 | 54,467.00 |
| Kaiser Aluminum Corporation(KALU.US) | 98 | Metal Products - Distributors/Fabrication | 188.31 | 0.65 | 3,058.90 |
| Encompass Health Corporation(EHC.US) | 97 | Medical-Services | 126.33 | 0.41 | 12,411.60 |
| Addus HomeCare Corporation(ADUS.US) | 94 | Medical - Home & Nursing Care | 119.24 | -0.08 | 2,228.60 |
| Eli Lilly and Company(LLY.US) | 99 | Medical - Pharmaceuticals | 1,222.52 | -0.76 | 1,159,695.40 |
| Freeport-McMoRan, Inc.(FCX.US) | 97 | Mining-Metal Ores | 68.88 | -2.31 | 101,253.60 |
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