Morningstar

Weekly Market Update: Stocks Remain Flat as Consumer Defensives Rise and Financial Services Fall

Moderna jumped 22%, while Atlassian was the worst-performing stock this week.

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Exterior view of Moderna's headquarters.
Plexi Images/GHI/UCG via Getty
Securities in This Article
Venture Global Inc Ordinary Shares - Class A
(VG)
Zions Bancorp NA
(ZION)
HubSpot Inc
(HUBS)
GE Aerospace
(GE)
Moderna Inc
(MRNA)

Stock Market Update for the Trading Week Ended Jan. 16

  • The Morningstar US Market Index fell 0.25%.
  • The best-performing sectors were consumer defensives, up 3.7%, and real estate, up 3.64%.
  • The worst-performing sectors were financial services, down 2.09%, and communication services, down 1.98%.
  • Large-cap stocks fell 0.69%, mid-cap stocks rose 0.77%, and small-cap stocks rose 1.28%.
  • Growth stocks gained 0.66%, blend stocks gained 0.08%, and value stocks rose 0.38%.
  • The S&P 500 fell 0.38% and the Nasdaq fell 0.66%.
  • Of the 838 US-listed companies covered by Morningstar, 436, or 52%, were up, two were unchanged, and 400, or 48%, were down.

Bonds and Commodities

  • Yields on 10-year US Treasury notes rose to 4.24% from 4.18%.
  • Yields on two-year US Treasury notes rose to 3.59% from 3.54%.
  • West Texas Intermediate crude prices rose 0.88% to $59.30 per barrel.
  • Comex Gold prices rose 2.62% to $4,590.00.

Top Stock Gainers

Moderna MRNA, Venture Global VG, Intellia Therapeutics NTLA, Roblox RBLX and Millicom International Cellular TIGO were the top performers among US-listed stocks covered by Morningstar analysts.

  • Moderna topped the list, rising 21.97%. The stock closed the week at $41.83, trading at a 26% discount to its fair value estimate of $53.00 per share.
  • Venture was the second-best performer, with a weekly return of 21.72%. Venture stock wrapped up the week at $8.80, trading at a 28% discount to its fair value estimate of $11.00 per share.
  • Intellia ranked third for the week, with its stock rising 20.48%. Intellia stock closed at $12.50, trading at a 56% discount to its fair value estimate of $27.00 per share.
  • The fourth-best-performing stock was narrow-moat Roblox, which gained 19.12%. Roblox finished the week at $87.28, trading at a 30% premium to its fair value estimate of $65.00 per share.
  • Millicom stock climbed 17.07% in the latest week. The 3-star stock ended the week at $58.71, trading at an 8% premium to its fair value estimate of $52.00 per share.

Top Stock Losers

Atlassian TEAM, Trip.com Group TCOM, Docusign DOCU, Wix.com WIX, and HubSpot HUBS did the worst among US-listed stocks covered by Morningstar analysts.

  • Atlassian was the worst-performing stock of the week, falling 19.03%. The stock ended the week at $118.55, trading at a 44% discount to its fair value estimate of $230.00 per share.
  • Trip.com took the second spot, with a 18.36% price decline this week. Closing at $61.77, the stock trades at a 12% discount to its fair value estimate of $70.00 per share.
  • Docusign came in third, experiencing a 17.58% drop this week. The stock finished the week at $56.71, trading at a 34% discount to its fair value estimate of $90.00 per share.
  • Next up is Wix.com, which saw its stock price fall by 16.36% this week. At $80.16, the stock trades at a 41% discount to its fair value estimate of $143.00 per share.
  • HubSpot rounds out the list with a 16.06% decline this week. The stock closed the week at $311.88, trading at a 49% discount to to its fair value estimate of $650.00 per share.

Highlights of This Week’s Market and Investing Events

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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