Morningstar

Weekly Market Wrap: Stocks Up as Consumer Cyclicals Rise and Utilities Fall

Microsoft and MarketAxess were among the top performers, while Roblox and Western Union slid.

The Microsoft logo on building exterior.
Rolf Vennenbernd/picture alliance via Getty
Securities in This Article
MarketAxess Holdings Inc
(MKTX)
The Western Union Co
(WU)
Albemarle Corp
(ALB)
Groupon Inc
(GRPN)
Occidental Petroleum Corp
(OXY)

Stock Market Update for the Trading Week Ended July 31

  • The Morningstar US Market Index rose 0.97%.
  • The best-performing sectors were consumer cyclical, up 7.30%, and communication services, up 1.51%.
  • The worst-performing sectors were utilities, down 4.22%, and industrials, down 2.03%.
  • Large-cap stocks gained 1.25%, mid-cap stocks rose 0.18%, and small-cap stocks rose 0.54%.
  • Growth stocks fell 0.71%, blend stocks gained 1.44%, and value stocks rose 0.42%.
  • The S&P 500 gained 1.05%, and the Nasdaq rose 1.59%.
  • Of the 884 US-listed companies covered by Morningstar, 553, or 63%, were up, one was unchanged, and 329, or 37%, were down.

Bonds and Commodities

  • Yields on 10-year US Treasury notes rose to 4.75% from 4.69%.
  • Yields on 2-year US Treasury notes fell to 4.28% from 4.33%.
  • West Texas Intermediate crude prices fell 6.46% to $84.63 per barrel.
  • Comex Gold prices fell 0.14% to $4,050.20.

Top Stock Gainers

MarketAxess Holdings MKTX, Blackbaud BLKB, Manhattan Associates MANH, Microsoft MSFT, and Cognizant Technology Solutions CTSH were the top performers among US-listed stocks covered by Morningstar analysts.

  • MarketAxess topped the list, rising 39.05%, and it’s up 4.04% over the past three months. This wide-moat company with a 3-star rating has decreased 21.06% over the past 12 months. The stock closed the week at $162.30, trading near its fair value estimate of $167.00 per share.
  • Blackbaud was the second-best performer, with a weekly return of 31.09%. The 4-star stock has gained 7.83% over the last three months. Shares in this narrow-moat company are down 44.03% over the past 12 months. Blackbaud stock wrapped up the week at $42.88, trading at a 38% discount to its fair value estimate of $65.00 per share.
  • Manhattan Associates ranked third for the week, with its stock rising 26.22%. The 3-star, narrow-moat stock has gained 38.49% over the last three months but fell 16.22% over the past 12 months. Manhattan Associates stock closed at $191.38, trading at a 6% premium to its fair value estimate of $180.00 per share.
  • The fourth-best-performing stock was wide-moat Microsoft, which gained 21.81%. The 4-star stock has gained 10.85% over the last three months but is down 11.41% over the past 12 months. Microsoft finished the week at $465.07, trading at a 25% discount to its fair value estimate of $600.00 per share.
  • Cognizant stock climbed 21.78% in the latest week. This narrow-moat company has seen a 2.50% increase over the last three months but a 24.96% decline over the past 12 months. The 5-star stock ended the week at $55.35 per share, trading at a 36% discount to its fair value estimate of $84.00.

Top Stock Losers

Roblox RBLX, Alnylam Pharmaceuticals ALNY, Lennox International LII, Western Union WU, and MasTec MTZ did the worst among US-listed stocks covered by Morningstar analysts.

  • Roblox was the worst-performing stock of the week, falling 25.13%. This 3-star, narrow-moat company has fallen 11.93% over the past three months and is down 61.05% over the past 12 months. The stock ended the week at $35.60, trading at a 12% discount to its fair value estimate of $55.00 per share.
  • Alnylam took the second spot, with a 24.37% price decline this week. The narrow-moat company, rated 4 stars, has fallen 33.61% over the past three months and has fallen 39.53% over the past 12 months. Closing at $205.55, the stock trades at a 34% discount to its fair value estimate of $310.00 per share.
  • Lennox came in third, experiencing a 23.15% drop this week. This 4-star, narrow-moat company has fallen 21.70% over the past three months and fell 31.33% over the past 12 months. The stock finished the week at $415.88, trading at a 25% discount to its fair value estimate of $560 per share.
  • Next up is Western Union, which fell 22.63% this week. The narrow-moat company with a 4-star rating has fallen 12.82% over the past three months but rose 6.54% over the past 12 months. At $6.36, the stock trades at a 30% discount to its fair value estimate of $11.00 per share.
  • MasTec rounds out the list with a 22.12% decline this week. This 2-star, no-moat company has fallen 17.67% over the past three months but rose 70.87% over the past 12 months. The stock closed the week at $263.10, trading at a 35% premium to its fair value estimate of $240.00 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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