Weekly Market Update: Stocks Gain 0.9% as Energy Rises and Basic Materials Fall

Stock Market Update for the Trading Week Ended May 1

• The Morningstar US Market Index rose 0.9%.
• The best-performing sectors were energy, up 3.42%, and communication services, up 1.8%.
• The worst-performing sectors were basic materials, down 1.98%, and technology, up 0.23%.
• Large-cap stocks gained 1.01%, mid-cap stocks rose 0.75%, and small-cap stocks rose 0.03%.
• Growth stocks fell 0.92%, blend stocks gained 1.52%, and value stocks rose 0.87%.
• The S&P 500 gained 0.91%, and the Nasdaq rose 1.12%.
• Of the 877 US-listed companies covered by Morningstar, 468 (53%) were up, none were unchanged, and 409 (47%) were down.

Bonds and Commodities

• Yields on 10-year US Treasury notes rose to 4.39% from 4.31%.
• Yields on 2-year US Treasury notes rose to 3.88% from 3.78%.
• West Texas Intermediate crude prices rose 8.16% to $102.62 per barrel.
• Comex Gold prices fell 2.13% to $4,607.70.

Top Stock Gainers

Five9 FIVN, Centene CNC, Twilio TWLO, Nokia NOK, and Bloom Energy BE were the top performers among US-listed stocks covered by Morningstar analysts.

• Five9 topped the list, rising 34.5%, but it’s down 2.60% over the past three months. This no-moat company with a 4-star rating has decreased 31.58% over the past 12 months. The stock closed the week at $22.24, trading at a 28% discount to its fair value estimate of $24 per share.
• Centene was the second-best performer, with a weekly return of 27.56%. The 4-star stock has gained 23.94% over the past three months. Shares in this no-moat company are down 10.29% over the past 12 months. Centene stock wrapped up the week at $53.34, trading at a 23% discount to its fair value estimate of $70 per share.
• Twilio ranked third for the week, with its stock rising 27.51%. The 3-star, no-moat stock has gained 22.91% over the past three months and gained 53.10% over the past 12 months. Twilio stock closed at $183.34, trading at a 14% premium to its fair value estimate of $130 per share.
• The fourth-best-performing stock was no-moat Nokia, which gained 27.15%. The 1-star stock has gained 102.06% over the past three months and is up 162.89% over the past 12 months. Nokia finished the week at $13.3, trading at a 70% premium to its fair value estimate of $7.60 per share.
• Bloom Energy stock climbed 25.75% in the latest week. This no-moat company has seen an increase of 87.20% over the past three months and a rise of 1446.72% over the past 12 months. The 1-star stock ended the week at $290.52 per share, trading at a 305% premium to its fair value estimate of $70.

Top Stock Losers

Roblox RBLX, Teradyne TER, Wayfair W, Choice Hotels International CHH, and Wingstop WING did the worst among US-listed stocks covered by Morningstar analysts.

• Roblox was the worst-performing stock of the week, falling 19.54%. This 3-star, narrow-moat company has fallen 15.97% over the past three months and fell 17.58% over the past 12 months. The stock ended the week at $45.13, trading at an 18% discount to its fair value estimate of $67 per share.
• Teradyne took the second spot, with a 17.37% price decline this week. The wide-moat company, rated 2 stars, has risen 42.54% over the past three months and rose 363.50% over the past 12 months. Closing at $345.45, the stock trades at a 25% premium to its fair value estimate of $275 per share.
• Wayfair came in third, experiencing a 16.86% drop this week. This 3-star, no-moat company has fallen 38.23% over the past three months but rose 111.97% over the past 12 months. The stock finished the week at $65.5, trading at a 20% discount to its fair value estimate of $80 per share.
• Next up is Choice Hotels International, which saw its stock price fall by 15.43% this week. The narrow-moat company with a 4-star rating has fallen 3.34% over the past three months and fell 20.52% over the past 12 months. At $100.7, the stock trades at a 21% discount to its fair value estimate of $126 per share.
• Wingstop rounds out the list with a 15.09% decline this week. This 2-star, narrow-moat company has fallen 38.08% over the past three months and fell 37.39% over the past 12 months. The stock closed the week at $160.73, trading at a 17% premium to its fair value estimate of $140 per share.

Highlights of This Week’s Market and Investing Events

• **Monday, May 4: **Earnings fromParamount Skydance PSKY, Palantir PLTR
• **Tuesday, May 5: **April ISM Services PMI,March Job Openings and Labor Turnover Survey,March New Home Sales, earnings from Energy Transfer ET, Pfizer PFE
• **Wednesday, May 6: **April ADP Employment Survey, earnings from CVS Health CVS, Uber Technologies UBER, The Walt Disney Co. DIS, Occidental Petroleum OXY, Snap SNAP
• **Thursday, May 7: **Initial Unemployment Insurance Claims report for the week ended May 2, March Construction Spending (month to month), March Consumer Credit, earnings from Albemarle ALB
• **Friday, May 8: **April Employment Situation Report, May Preliminary University of Michigan Index of Consumer Sentiment, earnings from Groupon GRPN