Weekly Market Update: Stocks Gain 0.1% as Energy Rises and Basic Materials Fall

Stock Market Update for the Trading Week Ended Jan. 30

• The Morningstar US Market Index rose 0.1%.
• The best-performing sectors were energy, up 3.73%, and utilities, up 1.51%.
• The worst-performing sectors were basic materials, down 2.15%, and healthcare, down 1.84%.
• Large-cap stocks gained 0.53%, mid-cap stocks fell 0.66%, and small-cap stocks fell 2.07%.
• Growth stocks fell 1.79%, blend stocks fell 0.97%, and value stocks rose 1.0%.
• The S&P 500 gained 0.34% and the Nasdaq fell 0.17%.
• Of the 831 US-listed companies covered by Morningstar, 374, or 45%, were up, four were unchanged, and 453, or 55%, were down.

Bonds and Commodities

• Yields on 10-year US Treasury notes rose to 4.26% from 4.24%.
• Yields on 2-year US Treasury notes fell to 3.52% from 3.60%.
• West Texas Intermediate crude prices rose 7.38% to $65.80 per barrel.
• Comex Gold prices fell 2.28% to $4,869.40.

Top Stock Gainers

Huya HUYA, SanDisk SNDK, Deckers Outdoor DECK, Seagate Technology STX, and SK Telecom SKM were the top performers among US-listed stocks covered by Morningstar analysts.

• Huya topped the list, rising 26.95%, and it’s up 48.75% over the past three months. This no-moat company with a 4-star rating has increased 58.71% over the past 12 months. The stock closed the week at $4.24, trading at a 25% discount to its fair value estimate of $5.60 per share.
• SanDisk was the second-best performer, with a weekly return of 21.62%. The 1-star stock has gained 163.90% over the last three months. SanDisk stock wrapped up the week at $576.25, trading at a 299% premium to its fair value estimate of $135.00 per share.
• Deckers ranked third for the week, with its stock rising 19.36%. The 4-star, narrow-moat stock has gained 19.16% over the last three months but fell 54.36% over the past 12 months. Deckers stock closed at $119.34, trading at an 18% discount to its fair value estimate of $122.00 per share.
• The fourth-best-performing stock was no-moat Seagate, which gained 17.8%. The 2-star stock has gained 68.40% over the last three months and is up 352.27% over the past 12 months. Seagate finished the week at $407.69, trading at a 19% premium to its fair value estimate of $375.00 per share.
• SK stock climbed 16.73% in the latest week. This no-moat company has seen an increase of 30.40% over the last three months and a rise of 31.74% over the past 12 months. The 2-star stock ended the week at $28.19 per share, trading at a 9% premium to its fair value estimate of $25.00.

Top Stock Losers

Humana HUM, UnitedHealth Group UNH, Reddit RDDT, Tilray Brands TLRY, and Trade Desk TTD did the worst among US-listed stocks covered by Morningstar analysts.

• Humana was the worst-performing stock of the week, falling 26.75%. This 4-star, narrow-moat company has fallen 32.50% over the past three months and 31.95% over the past 12. The stock ended the week at $195.2, trading at a 44% discount to its fair value estimate of $353.00 per share.
• UnitedHealth took the second spot, with a 19.46% price decline this week. The narrow-moat company, rated 4 stars, has fallen 17.10% over the past three months and 44.06% over the past 12. Closing at $286.93, the stock trades at a 32% discount to its fair value estimate of $427.00 per share.
• Reddit came in third, experiencing a 17.64% drop this week. This 3-star, narrow-moat company has fallen 9.83% over the past three months and 5.92% over the past 12. The stock finished the week at $180.27, trading near its fair value estimate of $200.00 per share.
• Next up is Tilray, which saw its stock price fall by 17.64% this week. The no-moat company with a 4-star rating has fallen 43.97% over the past three months and 26.73% over the past 12. At $7.45, the stock trades at a 46% discount to its fair value estimate of $14.00 per share.
• Trade Desk rounds out the list with a 17.02% decline this week. This 4-star, narrow-moat company has fallen 37.45% over the past three months and 74.51% over the past 12. The stock closed the week at $30.33, trading at a 48% discount to to its fair value estimate of $60.00 per share.

Highlights of This Week’s Market and Investing Events

• **Monday, Feb. 2: **January ISM Manufacturing, earnings from Walt Disney DIS, Palantir Technologies PLTR
• **Tuesday, Feb. 3: **January Job Openings and Labor Turnover Survey, earnings from Pfizer PFE
• **Wednesday, Feb. 4: **January ADP Employment Survey, January ISM Services PMI, earnings from Uber UBER, AbbVie ABBV, Eli Lilly LLY, Alphabet GOOGL, Snap SNAP
• **Thursday, Feb. 5: **Initial Unemployment Insurance Claims report, Sirius XM SIRI, Roblox RBLX, Amazon AMZN
• **Friday, Feb. 6: **January Employment Situation Report, December Consumer Credit, February Preliminary University of Michigan Index of Consumer Sentiment