U.S Stock Market Weekly Summary – From June 17 to June 20, 2024

Written by Dreamer

Weekly Summary:

• S&P 500: Started the week at 5,431.11 and closed at 5,464.62, up by 33.51 points or +0.62%.
• Dow 30: Started the week at 38,565.18 and closed at 39,150.33, up by 585.15 points or +1.52%.
• Nasdaq: Started the week at 17,697.30 and closed at 17,689.36, down by 7.94 points or –0.04%.
• Russell 2000: Started the week at 2,002.57 and closed at 2,022.03, up by 19.46 points or +0.97%.

The S&P 500 saw a modest increase of 33.51 points or 0.62%, while the Dow 30 experienced a significant rise of 585.15 points or 1.52%. The Nasdaq slightly declined by 7.94 points or 0.04%. The Russell 2000 also performed well, increasing by 19.46 points or 0.97%. This mixed performance indicates varied investor sentiment across different segments of the market.

Contents:

• Stock Trading Volume
• Average Number of Companies By Sector in a Week
• Average Market Cap By Sector in a Week
• Average Trading Volume By Sector in a Week
• Top 10 Growth Stocks
• Stock in Focus

Insights:

Stock Trading Volume:

Overall, the week saw its highest trading activity on Thursday and the lowest on Friday, excluding the market closure on Wednesday. These variations in trading volumes suggest varying levels of investor activity, likely influenced by mid-week market dynamics and the observance of Juneteenth.

Average Number of Companies By Sector in a Week:

• Leader: Finance leads with 1,684 companies.
• Follow Closely: Health Care and Consumer Discretionary follow closely with 1,219 and 1,184 companies, respectively.
• Last in the List: Miscellaneous has the fewest with 61 companies.

The Finance, Health Care, and Consumer Discretionary sectors are the most populated, suggesting high level of importance in the market.

Average Market Cap By Sector in a Week:

• Leader: Technology is the leading sector, accounting for 34.5% of the total market cap.
• Follow Closely: Consumer Discretionary comes next with 18.0%.
• Last in the List: Basic Materials (0.9%) and Miscellaneous (0.1%) have the second smallest and smallest market caps, respectively.

The Technology sector holds a commanding lead in market capitalization, indicating its critical role in the market. Consumer Discretionary also has substantial market cap, reflecting its significant impact. In contrast, sectors like Basic Materials and Miscellaneous have minimal market presence.

Average Trading Volume By Sector in a Week:

• Leader: Technology sector leads with the highest average trading volume of 2,577 million shares.
• Follow Closely: Consumer Discretionary (2,260 million) also has high trading volumes.
• Last in the List: Miscellaneous (64 million) has the lowest trading volumes.

The Technology sector dominates in trading volume, highlighting its attractiveness to investors. Consumer Discretionary also sees substantial trading activity. In contrast, Miscellaneous has the lowest trading volumes, indicating less market interest.

Top 10 Growth Stocks:

Stock Trading Summary as of 21 June 2024

These are the top 10 growth stocks that have shown significant growth in recent months. Out of these 10 stocks, DOGZ is selected for detailed analysis as shown below.

Stock in Focus:

Overview:

Dogness (International) Corporation (DOGZ) , through its subsidiaries, designs, manufactures, and sells fashionable products for dogs and cats worldwide. The company offers a range of pet products, including leashes, collars, harnesses, retractable leashes, lanyards, gift suspenders, pet belt ribbons, laces, elastic belts, computer jacquard ribbons, and high-grade textile laces. They also provide smart pet products such as app-controlled pet feeders, water fountains, smart pet toys, and pet shampoos. The company serves both wholesalers and retailers. Founded in 2003, the company is headquartered in Dongguan, China.

Institutional Investment:

DOGZ has a relatively low level of institutional investment, with only 2.39% of its shares held by institutions. Major institutional investors include UBS Group AG and Renaissance Technologies, LLC. The company has significant insider ownership, with 55.30% of shares held by insiders, reflecting strong control by the company’s management.

Financial:

• Market Cap: $228.13 million
• Profit Margin: -53.69%
• Recent Earnings (Most Recent 4 Quarters)
  The most recent earnings data for DOGZ does not provide specific quarterly estimates or comparisons for the last four quarters. However, the financials indicate a significant profit margin loss and operating margin deficit.

The chart:

In the last six months, there is a significant upward trend, with the stock price increasing by 414.94%. The closing price on 21 June 2024 was $17.92, up by 1.74% from the previous close.

Conclusion:

DOGZ is a key player in the pet products market with a wide range of innovative and fashionable offerings. Despite its current lack of profitability, the company is making strides in expanding its market presence. With significant insider ownership, the management shows strong commitment to the company’s growth. The recent upward trend in stock price indicates positive investor sentiment and potential for future growth, although the low institutional ownership suggests a cautious approach by major investors.

This summary provides a comprehensive overview of DOGZ recent performance and investment potential, making it accessible and understandable for the general public.

See more:
Yahoo Finance: Dogness (International) Corporation (DOGZ)