Written by Dreamer
On June 18, 2024, the U.S. stock market saw modest gains across major indices.
- S&P 500: Closed at 5,487.03, up 13.80 points or +0.25%.
- Dow 30: Closed at 38,834.86, up 56.76 points or +0.15%.
- Nasdaq: Closed at 17,862.23, up 5.21 points or +0.03%.
- Russell 2000: Closed at 2,025.23, up 3.22 points or +0.16%.
The Nasdaq Composite and S&P 500 marked new records, indicating sustained investor confidence, especially in the technology sector. Both the Nasdaq and Russell 2000 also finished the day positively, though with modest gains. This overall market performance reflects continued, albeit slow, growth in key sectors amidst mixed economic signals.
Contents:
- Stock Performance Overview
- Market Cap Category Distribution
- Sector-Wise
- Top 10 Traded Technology Stocks:
- Top 10 Traded Telecommunications Stocks
- Top 10 Traded Energy Stocks
Insights:
Stock Performance Overview:
Stock performance overview is as below:
- Gainers: 3,055 stocks experienced an increase in their stock prices.
- Losers: 3,639 stocks saw a decrease in their stock prices.
- Unchanged: 441 stocks remained unchanged in their stock prices.
The session was marked by a greater number of decliners than advancers, highlighting underlying caution among investors, although the U.S. stock market saw modest gains across major indices.
Market Cap Category Distribution:
The market cap breakdown of companies is as below:
- Micro Cap: These smallest companies form nearly half the market, representing 50%.
- Small Cap: Almost a quarter of the companies are small caps, accounting for 22%.
- Mid Cap: Medium-sized companies make up a significant portion, with 16%.
- Large Cap: Larger companies constitute just over a tenth of the market, at 11%.
- Mega Cap: The largest companies, or Mega Caps, are rare, making up only 1%.
This distribution highlights a market predominantly composed of Micro Cap and Small Cap companies in terms of sheer numbers, while Mega Cap and Large Cap companies, despite their significant individual market valuations, are much less common.
Sector-Wise:
Summary of the average trading volume per sector is as below:
- Technology: Leads with the highest trading volume.
- Telecommunications: Shows substantial trading activity, closely following Technology.
- Unknown: Registers the lowest trading volume, indicating minimal trading activity.
Top 10 Traded Technology Stocks:
- Leader: *NVDA leads with the highest trade volume, significantly higher than the rest.
- Following Closely: CMTL has substantial volumes but significantly less than NVDA.
- Bottom of the List: PRST has the lowest trading volume among the top 10.
NVIDIA (NVDA), founded in 1993 and based in Santa Clara, California, leads the technology industry with its advanced graphics processing units (GPUs). The company excels across various markets, including gaming, professional visualization, and artificial intelligence, contributing significantly to advancements in these fields.
Top 10 Traded Telecommunications Stocks:
- Leader: *ASNS stands out with the highest trading volume in the sector.
- Following Closely: T follows with a strong trading volume but still less than ASNS.
- Bottom of the List: VOD has the lowest trading volume among the stocks.
Actelis Networks Inc. (ASNS), based in Fremont, California, specializes in cyber-hardened networking solutions for sectors such as government, military, and utilities. Its offerings include ethernet access devices and network aggregator switches, catering to wide-area IoT applications. Actelis, established in 1998, serves markets in North America, Europe, the Middle East, and Asia Pacific.
Top 10 Traded Energy Stocks:
- Leader: *FCEL dominates with the highest trading volume in the sector.
- Following Closely: TELL shows strong trading volumes, but less than FCEL.
- Bottom of the List: HAL is at the lower end in terms of trading volume among the stocks.
FuelCell Energy, Inc. (FCEL) specializes in manufacturing, operating, and servicing fuel cell power plants. These plants generate clean, efficient, and affordable energy and are recognized for their low-carbon footprint. The company’s technologies cater to utility companies, municipalities, and various industries.
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