Morningstar

Weekly Market Update: Stocks Gain 0.9% as Energy Rises and Basic Materials Fall

Five9 and Bloom Energy were among the week’s best stocks, while Roblox and Wingstop posted big losses.

The application app of the online gaming platform Roblox can be seen on the display of an iPhone.
Silas Stein/picture alliance via Getty
Securities in This Article
Albemarle Corp
(ALB)
Twilio Inc Class A
(TWLO)
Groupon Inc
(GRPN)
Wayfair Inc Class A
(W)
Occidental Petroleum Corp
(OXY)

Stock Market Update for the Trading Week Ended May 1

  • The Morningstar US Market Index rose 0.9%.
  • The best-performing sectors were energy, up 3.42%, and communication services, up 1.8%.
  • The worst-performing sectors were basic materials, down 1.98%, and technology, up 0.23%.
  • Large-cap stocks gained 1.01%, mid-cap stocks rose 0.75%, and small-cap stocks rose 0.03%.
  • Growth stocks fell 0.92%, blend stocks gained 1.52%, and value stocks rose 0.87%.
  • The S&P 500 gained 0.91%, and the Nasdaq rose 1.12%.
  • Of the 877 US-listed companies covered by Morningstar, 468 (53%) were up, none were unchanged, and 409 (47%) were down.

Bonds and Commodities

  • Yields on 10-year US Treasury notes rose to 4.39% from 4.31%.
  • Yields on 2-year US Treasury notes rose to 3.88% from 3.78%.
  • West Texas Intermediate crude prices rose 8.16% to $102.62 per barrel.
  • Comex Gold prices fell 2.13% to $4,607.70.

Top Stock Gainers

Five9 FIVN, Centene CNC, Twilio TWLO, Nokia NOK, and Bloom Energy BE were the top performers among US-listed stocks covered by Morningstar analysts.

  • Five9 topped the list, rising 34.5%, but it’s down 2.60% over the past three months. This no-moat company with a 4-star rating has decreased 31.58% over the past 12 months. The stock closed the week at $22.24, trading at a 28% discount to its fair value estimate of $24 per share.
  • Centene was the second-best performer, with a weekly return of 27.56%. The 4-star stock has gained 23.94% over the past three months. Shares in this no-moat company are down 10.29% over the past 12 months. Centene stock wrapped up the week at $53.34, trading at a 23% discount to its fair value estimate of $70 per share.
  • Twilio ranked third for the week, with its stock rising 27.51%. The 3-star, no-moat stock has gained 22.91% over the past three months and gained 53.10% over the past 12 months. Twilio stock closed at $183.34, trading at a 14% premium to its fair value estimate of $130 per share.
  • The fourth-best-performing stock was no-moat Nokia, which gained 27.15%. The 1-star stock has gained 102.06% over the past three months and is up 162.89% over the past 12 months. Nokia finished the week at $13.3, trading at a 70% premium to its fair value estimate of $7.60 per share.
  • Bloom Energy stock climbed 25.75% in the latest week. This no-moat company has seen an increase of 87.20% over the past three months and a rise of 1446.72% over the past 12 months. The 1-star stock ended the week at $290.52 per share, trading at a 305% premium to its fair value estimate of $70.

Top Stock Losers

Roblox RBLX, Teradyne TER, Wayfair W, Choice Hotels International CHH, and Wingstop WING did the worst among US-listed stocks covered by Morningstar analysts.

  • Roblox was the worst-performing stock of the week, falling 19.54%. This 3-star, narrow-moat company has fallen 15.97% over the past three months and fell 17.58% over the past 12 months. The stock ended the week at $45.13, trading at an 18% discount to its fair value estimate of $67 per share.
  • Teradyne took the second spot, with a 17.37% price decline this week. The wide-moat company, rated 2 stars, has risen 42.54% over the past three months and rose 363.50% over the past 12 months. Closing at $345.45, the stock trades at a 25% premium to its fair value estimate of $275 per share.
  • Wayfair came in third, experiencing a 16.86% drop this week. This 3-star, no-moat company has fallen 38.23% over the past three months but rose 111.97% over the past 12 months. The stock finished the week at $65.5, trading at a 20% discount to its fair value estimate of $80 per share.
  • Next up is Choice Hotels International, which saw its stock price fall by 15.43% this week. The narrow-moat company with a 4-star rating has fallen 3.34% over the past three months and fell 20.52% over the past 12 months. At $100.7, the stock trades at a 21% discount to its fair value estimate of $126 per share.
  • Wingstop rounds out the list with a 15.09% decline this week. This 2-star, narrow-moat company has fallen 38.08% over the past three months and fell 37.39% over the past 12 months. The stock closed the week at $160.73, trading at a 17% premium to its fair value estimate of $140 per share.

Highlights of This Week’s Market and Investing Events

This article was generated with the help of automation and reviewed by Morningstar editors. Learn more about Morningstar’s use of automation.

The author or authors do not own shares in any securities mentioned in this article. Find out about Morningstar’s editorial policies.

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