President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Stocks have been surprisingly resilient in the face of bigger-picture risks around the world, though some would argue that it isn't all that surprising.
There hasn't been a significant pullback in the U.S. markets since the end of 2015 into early 2016, when the fell by around 14 percent between early November and mid-February. Since then, traders and investors have been rewarded for buying stocks on any kind of a retreat, but could it finally be time for that larger pullback that so many have been trying to forecast?
While there aren't any real ways to reliably predict the future, some traders are looking for signs of changing market sentiment in some of the stocks that have been success stories as of late. One way to try and identify stocks that could act as "tells" on the broader market is to screen for them using certain parameters.
In order to illustrate this point, we ran a simple screen to look for stocks that have been relative winners in recent trading, but have been showing some signs of weakness. The parameters are as follows:
The search found 109 stocks in the S&P 500 that have hit 52-week highs this month. Of those, 23 stocks have pulled back by at least 5 percent from those recent highs.
And some continue their fall. Nike was down 4.7 percent on Friday morning and Deere was down 8.4 percent.
Some of these stocks have been much more of a momentum play than others. For example, Nvidia shares have already gained 51 percent in 2017, and 164 percent over the last 12 months. They are nearly 8 percent below recent highs. Meanwhile, Prudential Financial hit a high on Aug. 2, and has fallen 11 percent since then, resulting in a 2 percent drop on a year-to-date basis.
Screens like this are one of the many ways that some traders are identifying shifting momentum. This is by no means a perfect way to measure a turn in the market, but some of these screening methods could help in identifying emerging trends.
52Wk High Date
% Below 52WK H
Marathon Petroleum Corporation
Priceline Group Inc
Prudential Financial, Inc.
Wyndham Worldwide Corporation
Lincoln National Corporation
Verisk Analytics Inc
Affiliated Managers Group, Inc.
Ameriprise Financial, Inc.
Motorola Solutions, Inc.
TransDigm Group Incorporated
Deere & Company
Estee Lauder Companies Inc. Class A
Align Technology, Inc.
Cincinnati Financial Corporation
NIKE, Inc. Class B
H&R Block, Inc.