Only 10 S&P 500 stocks traded higher on Monday, as benchmarks sold in response to an oil price war between Russia and Saudi Arabia. The biggest winner was Cabot Oil & Gas Corp.
TOOTH,
after Cowen analysts said the “best-in-class gas name” should be favored in the current sale. The stock was up 11.4% in the morning trade. Three auto parts manufacturers were higher, after Credit Suisse said the sector was least exposed to supply chain disruptions in China, given the “slow turns and adequate inventory position at present.” “Analysts wrote in a note on Monday.” Greater concerns may be raised about demand recently, but stocks appear to reflect concerns, having lagged behind in recent months. “AutoZone Inc.
AZO,
stock increased 3%, O’Reilly Automotive Inc.
ORLY,
up 2.6% and Advance Auto Parts Inc.
AAP,
was up 1.2%. The other winners were Walmart Inc.
WMT,
up 2%, Dollar Tree Inc.
DLTR,
up 1.4%, Twitter Inc.
TWTR,
up 1%, H&R Block Inc.
HRB,
up 1%, Clorox Co.
CLX,
up 0.9% and Dollar General Corp.
DG,
up 0.7%.