Weekly Market Update: Stocks Fall as Energy Rises and Basic Materials Falter

Stock Market Update for the Trading Week Ended March 6

• The Morningstar US Market Index fell 2.18%.
• The best-performing sectors were energy, up 1.32%, and technology, down 0.44%.
• The worst-performing sectors were basic materials, down 7.37%, and industrials, down 5.01%.
• Large-cap stocks fell 1.52%, mid-cap stocks fell 3.63%, and small-cap stocks fell 4.51%.
• Growth stocks fell 2.34%, blend stocks fell 3.35%, and value stocks fell 2.92%.
• The S&P 500 fell 2.02% and the Nasdaq fell 1.24%.
• Of the 834 US-listed companies covered by Morningstar, 215, or 26%, were up, one was unchanged, and 618, or 74%, were down.

Bonds and Commodities

• Yields on 10-year US Treasury notes rose to 4.15% from 3.97%.
• Yields on two-year US Treasury notes rose to 3.56% from 3.38%.
• West Texas Intermediate crude prices rose 35.62% to $91.26 per barrel.
• Comex Gold prices fell 2.70% to $5,137.50.

Top Stock Gainers

Sabre SABR, Wix WIX, Venture Global VG, Cogent Communications CCOI, and Trade Desk TTD were the top performers among US-listed stocks covered by Morningstar analysts.

• Sabre topped the list, rising 34.32%, but it’s down 0.92% over the past three months. This no-moat company with a 4-star rating has decreased 61.18% over the past 12 months. The stock closed the week at $1.58, trading at a 20% discount to its fair value estimate of $2.02 per share.
• Wix was the second-best performer, with a weekly return of 33.32%. The 4-star stock has lost 7.26% over the last three months. Shares in this narrow-moat company are down 52.95% over the past 12 months. Wix stock wrapped up the week at $93.94, trading at a 35% discount to its fair value estimate of $143.00 per share.
• Venture Global ranked third for the week, with its stock rising 28.79%. The 3-star, no-moat stock has gained 80.31% over the last three months but fell 13.23% over the past 12 months. Venture Global stock closed at $12.48, trading at a 12% premium to its fair value estimate of $11.00 per share.
• The fourth-best-performing stock was narrow-moat Cogent, which gained 23.03%. The 4-star stock has gained 16.06% over the last three months but is down 63.21% over the past 12 months. Cogent finished the week at $23.08, trading at a 29% discount to its fair value estimate of $32.00 per share.
• Trade Desk stock climbed 22.92% in the latest week. This narrow-moat company has seen a decrease of 25.62% over the last three months and a decline of 55.23% over the past 12 months. The 3-star stock ended the week at $29.27 per share, trading at a 15% discount to its fair value estimate of $35.00.

Top Stock Losers

Celsius Holdings CELH, Norwegian Cruise Line Holdings NCLH, Perrigo PRGO, and Carnival CCL did the worst among US-listed stocks covered by Morningstar analysts.

• Celsius saw a 19.94% price decline this week. The no-moat company, rated 3 stars, has risen 3.88% over the past three months and rose 69.54% over the past 12 months. Closing at $42.92, the stock trades at a 15% premium to its fair value estimate of $38.00 per share.
• Norwegian Cruise Line came after that, experiencing a 19.12% drop this week. This 4-star, narrow-moat company has risen 10.57% over the past three months but fell 1.78% over the past 12 months. The stock finished the week at $20.05, trading at a 34% discount to its fair value estimate of $31.50 per share.
• Next up is Perrigo, which saw its stock price fall by 18.91% this week. The no-moat company with a 4-star rating has fallen 14.51% over the past three months and fell 57.07% over the past 12 months. At $10.72, the stock trades at a 44% discount to its fair value estimate of $20.00 per share.
• Carnival rounds out the list with a 18.26% decline this week. This 4-star, narrow-moat company has risen 5.57% over the past three months and rose 22.25% over the past 12 months. The stock closed the week at $25.79, trading at a 23% discount to to its fair value estimate of $35.50 per share.

Highlights of This Week’s Market and Investing Events

• **Tuesday, March 10: **February Existing Home Sales, earnings from Oracle ORCL
• **Wednesday, March 11: **February Consumer Price Index report, Groupon GRPN
• **Thursday, March 12: **Housing Starts,Initial Unemployment Insurance Claims report, Adobe ADBE
• **Friday, March 13: **January Durable Orders, Q4 GDP, January Personal Income and Outlays report