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Bearish run continues, Estee Lauder down to $235.94 (-0.81%)

Estee Lauder is recovering some losses, but is not all the way back to $237.86, after dipping down to $233 today.

  • Today's losses are adding to an 8 day bearish run, during which Estee Lauder lost $17.56 of its value.

With the trading session well underway, S&P 500 is down to 3,759.6 — a drop of 0.8%. While the Consumer Defensive sector falls by 1.29%, Estee Lauder keeps its head up and trades at $235.94.

Fundamental analysis indicates that Estee Lauder​ is holding on to its 'Strong Buy' rating as of now.

When analyzing Estee Lauder's indicators the one that pops out as most significant is the company's dividend yield ratio (DYR), having a solid 0.84%. Although it is currently below its trailing twelve month average of 0.75%, it is still strong and well above competition. The DYR represents the percentage of a company's share price that it pays in dividends each year. For example, if a company has a 100 USD share price and it pays dividends that cost 10 USD per year, its DY would be 10%. Price to sales ratio has improved from 4.75 to 4.65, but remains below the industry average. Price to earnings ratio has improved from 43.82 to 36.02, but is doing worse than the industry. The price to book ratio is doing worse than the competition— it has decreased from 13.78 reported last quarter to the current 15.11.

Though some indicators look better than others in comparison to previous reports, Estee Lauder's overall fundamentals remain slightly below the industry average.

Trend and momentum analysis indicates that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. Asset volatility analysis shows that Estee Lauder's lower Bollinger band is at $230.48, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains. Technical chart analysis shows Estee Lauder could begin to recover as it approaches significant support, now $1.27 away from $234.67. Dipping below could be an indication that further losses are ahead.

Overall, the technical outlook suggests Estee Lauder is likely to remain muted for the immediate future, with no clear-cut direction.

Estee Lauder's stock value drop coincides with Walmart is down to $133.05, losing 1.28%, after ending yesterday at $134.77. Costco is down to $485.6, losing 1.51%, after ending yesterday at $493.07.

Positive performances can be seen by looking at other consumer staples stocks as Procter & Gamble is up 0.61%.

Approximately 8 months ago, Estee Lauder reached a significant high of $371.86 but has struggled to hold onto its gains and declined 36.04% since then. So far in 2022, it has been under-performing the S&P 500 by 9.2%. The company has a market cap of $84.21 billion with an average daily volume of 1.27 million shares. Estee Lauder's last revenue report was $3.56 billion with an EPS of 42 cents.

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Is the bullish run coming to an end? Align closed at $228.81 (-0.48%)

The manufacturer of 3D digital orthodontics scanners has almost recovered all its losses from a previous close of $229.91 after dipping down to $221.45 yesterday.

  • Yesterday's fall came on the back of a 4 day uptrend, during which Align added 10.48% to its value
  • The day's trading volume totalled 587,832 shares — under the 21-day average of 971,816.

With only 5 hours remaining until market open, yesterday's session was noteworthy in that S&P 500 fell 0.2% and reached 3,783.28. Nasdaq dropped by 0.25% to close at 11,149. Align was down yesterday while similar drops were seen throughout the Healthcare sector (down 0.79%).

Align is experiencing an overall decline in comparison to its previous reports, and its overall fundamentals are also slightly below the industry average.

Align Technology's Free Cash-Flow (FCF)— the cash a company has available to use— was found to be the most significant indicator (according to analysis). With a 51 million, this indicator is below competition average and is doing worse than its trailing twelve-month average. Price to earnings ratio has improved from 67.89 to 26.42, but is doing worse than the industry.

Align has a 'Buy' fundamental rating.

Visual analysis of Align's chart shows that Align Technology Inc could begin to recover as it approaches significant support, now $5.45 away from $223.36. Dipping below could be an indication that further losses are ahead.

Align Technology was not the only decliner in the health care sector; Novartis went down 1.1%, closed at $78.23.

On the other hand, positive performances could be seen by looking at other health care stocks as Anthem traded at $482.58 after closing yesterday's trading day at $469.87 (up 2.71%). Thermo Fisher Scientific was up 1.17%.

Having set a significant high of $711 6 days ago, the 3D digital orthodontics scanners manufacturer is trading 11% lower. So far in 2022, it has been under-performing the Nasdaq by 22.67%. Align is currently trading with a market cap of $17.87 billion with an average daily trading volume of 971,816 shares. Align last reported revenue of $969.55 million with an EPS of $2.

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Is the bullish run coming to an end? Materials Select Sector SPDR Fund closed at $72 (-1.13%)

A tough session dominated by bearish sentiment left XLB 80 cents lower, while setting a $71.17 to $72.57 session range.

  • Yesterday's down move comes on the back of a 4 day uptrend, during which Materials Select Sector SPDR Fund added $4.79 to its value.

Despite being in the red so far in the current trading session, Materials Select Sector SPDR Fund peaked above its 21 day Simple Moving Average around $72.39 — typically an early indicator of a new bullish trend beginning to emerge. Materials Select Sector SPDR Fund could begin to recover as it approaches significant support, now 74 cents away from $71.24. Dipping below could be an indication that further losses are ahead.

Despite suffering losses in today's session, technical analysis is indicating that Materials Select Sector SPDR Fund will undergo a significant bounce in the immediate term.

In the meantime, negative performances are also seen in other markets, iShares MBS ETF plunges 1% yesterday and closed at $92.66. After ending yesterday's session at $48.22, Vanguard Total International Bond Index Fund ETF Shares lost 34 cents and is trading around $47.88.

At the same time, iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF moves 0.04% yesterday and closed at $25.36.

Having set a significant high of $90.61 10 days ago, Materials Select Sector SPDR Fund is trading 8.14% lower.

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SBA Communications jumped $3.63 from a 1 year low and ended session at $283.12

SBA Communications dropped to $279.49, its lowest point in 1 year. It later recovered $3.63 and closed at $283.12. Daily trading volume (668,749 shares) increased, making up 130% of the 21-day average (515,552).

With around 9 hours until market open on the NASDAQ, yesterday's session saw to it that S&P 500 closed at 3,783.28 after losing 0.2%. SBA Communications closed lower yesterday, with similar drops noticed throughout the Real Estate sector (down 1.67%).

SBA Communications Corp made an initial break below its 5 day Simple Moving Average at $288.16, a possible indication of a forthcoming negative trend. SBA Communications is currently flirting with an active Fibonacci support level around $284.21. On the other hand, note that SBA Communications could begin to recover as it approaches significant support, now $4.67 away from $278.45. Dipping below could be an indication that further losses are ahead.

Several technical indicators are adding weight to the bearish momentum seen yesterday and forecasting SBA Communications to extend its recent losses.

Fundamental analysis indicates that SBA Communications​ is holding on to its 'Neutral' rating.

SBA Communications's most notable indicator is the company's price to book ratio (PB). It is standing at -5.61, a decrease from its previous value of -6.26, yet is still above its trailing twelve-month average and is surpassing the competition. The PB Ratio is a fundamental analysis indicator that compares the book value of a stock to its market value. By showing the difference between the stock’s market value and the value the company has stated in its financial books, P/B helps investors determine whether the stock is undervalued or overvalued (relative to its book value). Debt-to-equity ratio fell from its previous value of -2.79 to -2.55, yet it is above the competition average. Dividend yield ratio with a value of 0.74%, appears to be the most notable. This is above industry standard and shows an improvement over the preceding value of 0.76%. Free cash flow is also worth noting with a value of 319.15 million, which is above industry standard and shows an improvement over the preceding value of 214.58 million.

When comparing to recent reports, some of SBA Communications's indicators look better than others, and the stock's fundamentals remain slightly greater than the competition.

SBA Communications hit a significant low of $282.27 around 7 days ago, but has since recovered 3.95%. So far in 2022 it has been beating the S&P 500 by 1.93%. The company has a market cap of $30.54 billion with an average daily volume of 515,552 shares. SBA Communications's last revenue report was $652 million with an EPS of 64 cents.

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