Welcome to another edition of Capnote Weekly Spotlight – a newsletter dedicated to improving financial performance for all. Below is a quick summary of this edition’s contents.
- Value chain sensitivities in the Dow Jones Industrial Average
- How to earn spare cash on Capnote
- Top gaining and losing trends including the resurgence of shipping.
- Key events to watch for this week with insight into retail and AI expected.
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Tip Of The Week – Sensitivities In The Dow Jones Industrial Average
The Dow Jones Industrial Average (DJIA) is an old and popular stock market index which tracks 30 prominent US listed companies. Over the last week, it hit highs for the year, particularly driven by a surge in big tech. Below is a 5 year trend of the DJIA from Trading Economics.
Using Capnote’s Portfolio Sensitivities feature, we put all the constituents of the DJIA into a portfolio and assessed its industry, value and supply chain characteristics. Below are some insights extracted from the data:
- Industry Exposure: Financial Services and Technology dominate the DJIA. The below extract from Capnote shows the most common industries by frequency, bearing in mind that Capnote recognizes each company may have operations in multiple industries at the same time.
- Key Suppliers: Microsoft is the most common supplier to the DJIA particularly following its $19.7 billion acquisition of Nuance Communications in 2022. Other important suppliers include WPP Plc (NYSE: WPP), Littlefuse Inc (Nasdaq: LFUS) and Infineon Technologies (OTCQX: IFNNY).
- Key Customers: The largest customer to the DJIA constituents is Apple Inc. The most common supplier is Dustin Group AB. See below an extract which may be worth looking into for risk and opportunities.
Build a watchlist or portfolio on Capnote and use the Sensitivies function to dive into the value chains of multiple companies and discover common features. Try it now on Capnote for free.
Also Read: Capnote Weekly Spotlight: Will Risk-On Sentiment Extend To China?
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Trending Now In Finance
Sentiment Markers
Over the last week, yields on US Treasuries have continued to fall. A weakening in the Dollar has contributed to gains in Gold and Bitcoin. The market appears to be giving mixed signals between safe havens and risk-on assets. Crude Oil continues to experience demand concerns despite a production cut by OPEC+.
- US 10 year treasury -6.06%
- S&P 500 +0.77%
- Hang Seng -4.15%
- Crude Oil (Brent) -1.76%
- US dollar index (DXY) -0.20%
- Gold +1.75%
- Bitcoin +2.57%
Top Gainers
Capnote regularly tracks industry, company and indicator performance in moving windows.
- Cruise Lines: Following hard times during the coronavirus pandemic which required government support for some, cruise lines have roared back this year. Royal Caribbean Cruises Ltd stock is up 127%. Representative of the wider tourism and hospitality industry.
- Baltic Dry Index (BDI): As a measure for the average cost of shipping dry bulk material around the world, the BDI is also regarded as a leading indicator for economic activity. Its 40% gains over the last week have also translated into gains for shipping stocks. Below is a 1 year trend from Trading Economics.
Top Losers
- China-based Technology: The Chinese economy’s emergence from the pandemic has been largely underwhelming so far. In addition, the diversification of supply chains away from China due to recent geopolitical tensions has not helped. The Invesco China Technology ETF is down 19% this year.
- Petroleum: Over the last month,Crude oil prices havecome down from $90 per barrel to current levels closer to $75 per barrel. This slide has continued despite the recent announcement of production cuts by OPEC+ with the market left skeptical over global demand amidst supply increases.
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Events & Notifications
Below is a selection of events and earnings expected this week. Lululemon has been a market favorite this year with gains of 44%.
- 2023-12-04 Earnings – Mongodb, Inc.
- 2023-12-05 Earnings – Nio Inc.
- 2023-12-05 Earnings – The J. M. Smucker Company
- 2023-12-05 Earnings – C3.Ai, Inc.
- 2023-12-06 Earnings – Broadcom Inc.
- 2023-12-06 Earnings – Lululemon Athletica Inc.
- 2023-12-06 Earnings – Docusign, Inc
- 2023-12-07 Earnings – Dollar General Corporation
- 2023-12-08 US Non-Farm Payroll
Use Capnote’s Intelligent Timelines tool to find and customize events that you’d like to receive.