Weekly Market Update: Stocks Remain Flat as Energy Rises and Financial Services Fall

Stock Market Update for the Trading Week Ended Jan. 23

• The Morningstar US Market Index fell 0.41%.
• The best-performing sectors were energy, up 2.95%, and basic materials, up 2.83%.
• The worst-performing sectors were financial services, down 2.53%, and real estate, down 2.26%.
• Large-cap stocks fell 0.43%, mid-cap stocks fell 0.43%, and small-cap stocks fell 0.21%.
• Growth stocks fell 0.83%, blend stocks fell 0.47%, and value stocks fell 0.29%.
• The S&P 500 fell 0.35% and the Nasdaq fell 0.06%.
• Of the 834 US-listed companies covered by Morningstar, 392, or 47%, were up, three were unchanged, and 438, or 53%, were down.

Bonds and Commodities

• Yields on 10-year US Treasury notes remained unchanged at 4.24%.
• Yields on 2-year US Treasury notes rose to 3.60% from 3.59%.
• West Texas Intermediate crude prices rose 3.32% to $61.27 per barrel.
• Comex Gold prices rose 8.49% to $4,979.70.

Top Stock Gainers

Intellia Therapeutics NTLA, Qiagen QGEN, Moderna MRNA, Albemarle ALB, and Telefonica Brasil VIV were the top performers among US-listed stocks covered by Morningstar analysts.

• Intellia topped the list, rising 17.04%, but it’s down 35.31% over the past three months. This no-moat company with a 4-star rating has increased 44.41% over the past 12 months. The stock closed the week at $14.63, trading at a 41% discount to its fair value estimate of $27.00 per share.
• Qiagen was the second-best performer, with a weekly return of 16.92%. The 3-star stock has gained 10.76% over the last three months and 13.94% over the past 12. Qiagen stock wrapped up the week at $55.62, trading at a 10% premium to its fair value estimate of $49.47 per share.
• Moderna ranked third, rising 16.63%. The 3-star, no-moat stock has gained 93.18% over the last three months and 34.73% over the past 12. Moderna stock closed at $48.80, trading near its fair value estimate of $53.00 per share.
• The fourth-best-performing stock was narrow-moat Albemarle, which gained 16.24%. The 3-star stock has gained 106.78% over the last three months and is up 110.46% over the past 12. Albemarle finished the week at $189.51, trading at a 6% discount to its fair value estimate of $200.00 per share.
• Telefonica Brasil stock climbed 15.67% in the latest week. This no-moat company has seen an increase of 12.02% over the last three months and a rise of 67.41% over the past 12 months. The 3-star stock ended the week at $13.95 per share, trading near its fair value estimate of $13.00.

Top Stock Losers

Array Digital Infrastructure AD, Roblox RBLX, Nebius Group NBIS, Abbott Laboratories ABT, and Shopify SHOP did the worst among US-listed stocks covered by Morningstar analysts.

• Array Digital was the worst-performing stock of the week, falling 17.09%. This 2-star, no-moat company has risen 21.00% over the past three months and 31.25% over the past 12. The stock ended the week at $47.92, trading at a 23% premium to its fair value estimate of $49.00 per share.
• Roblox took the second spot, with a 15.08% decline this week. The narrow-moat company, rated 3 stars, has fallen 41.64% over the past three months but is up 13.18% over the past 12. Closing at $74.12, the stock trades at a 15% premium to its fair value estimate of $65.00 per share.
• Nebius came in third, experiencing a 13.09% drop this week. This 2-star, no-moat company has fallen 1.79% over the past three months but is up 145.07% over the past 12. The stock finished the week at $94.50, trading at a 38% premium to its fair value estimate of $70.00 per share.
• Next up is Abbott, which saw its stock price fall by 11.78% this week. The narrow-moat company with a 3-star rating has fallen 14.62% over the past three months and fell 5.75% over the past 12 months. At $107.42, the stock trades at an 11% discount to its fair value estimate of $122.00 per share.
• Shopify rounds out the list with a 11.5% decline this week. This 3-star, wide-moat company has fallen 15.04% over the past three months but is up 29.40% over the past 12. The stock closed the week at $137.89, trading at a 14% discount to to its fair value estimate of $160.00 per share.

Highlights of This Week’s Market and Investing Events

• **Monday, Jan. 26: **November Durable Orders report
• **Tuesday, Jan. 27: **January Consumer Confidence Survey, earnings from UnitedHealth UNH, American Airlines AAL, General Motors GM, Boeing BA
• **Wednesday, Jan. 28: **January Federal Open Market Committee decision on interest rates, earnings from AT&T T, Meta Platforms META, ServiceNow NOW, Microsoft MSFT, Tesla TSLA
• **Thursday, Jan. 29: **Initial Unemployment Insurance Claims report, earnings from Mastercard MA, Cullen/Frost Bankers CFR, Apple AAPL, Visa V
• **Friday, Jan. 30: **December Producer Price Index report, earnings from SoFi Technologies SOFI, Verizon Communications VZ, Exxon Mobil XOM