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Author Message   Entrepreneur Kurra Bewarse Username: Entrepreneur Post Number: 3904 Registered: 05-2011 Posted From: 24.164.46.35 Rating: N/A Votes: 0 Posted on Monday, January 10, 2022 - 12:39 pm:    Sector Briefing: Consumer Discretionary (195.03 -4.45) All eleven sectors display early losses with the consumer discretionary sector (-2.3%) sitting at the bottom of today's leaderboard. Key factors driving today's performance include: Broad-based weakness as Treasury yields continue rising. The 10-yr yield is up two basis points at 1.79% today and up 28 bps since the end of last year. Continuation of a weak start to the year. The sector is down 4.8% so far in January versus a 3.4% month-to-date loss in the S&P 500 (-1.6%). Notable movers: Las Vegas Sands (LVS 35.72, -2.18, -5.8%): weakest performer in the sector, falling to a three-week low after finding resistance at its 50-day moving average (96.97). BofA Securities downgraded the stock to Underperform from Neutral with a $40 target. Tapestry (TPR 37.12, -2.21, -5.6%): falling to a three-month low. Ulta Beauty (ULTA 375.96, -21.14, -5.3%): falling below its 50-day moving average (394.38) to its lowest level in nearly three weeks. Gap (GPS 17.20, -0.92, -5.1%): falling to a three-week low. NIKE (NKE 149.72, -7.25, -4.6%): falling for the fourth consecutive day past its 200-day moving average (154.15). HSBC downgraded the stock to Hold from Buy with a $182 target. TJX Companies (TJX 71.04, -3.34, -4.5%): falling below its 50-day moving average (71.94) to its lowest level since the start of December. Chipotle Mexican Grill (CMG 1532.07, -65.74, -4.1%): falling to its lowest level since mid-2021. Lowe's (LOW 242.31, -8.78, -3.5%): falling below its 50-day moving average (247.74) to its lowest level in nearly two months. Ford (F 23.62, -0.82, -3.4%): trading near Thursday's low. Amazon (AMZN 3163.58, -87.49, -2.7%): falling to its lowest level since mid-May. Home Depot (HD 383.73, -9.88, -2.5%): falling for the fourth consecutive day to its lowest level in nearly three weeks. Booking Holdings (BKNG 2386.28, -48.30, -2.0%): falling toward its 50-day moving average (2344.88). McDonald's (MCD 262.89, -4.17, -1.6%): falling to its lowest level in nearly three weeks. Tesla (TSLA 1022.50, -4.46, -0.4%): hit its lowest level in nearly three weeks before narrowing its loss. Price of full sell driving package will increase to $12,000 next week. NVR (NVR 5428.00, -10.88, -0.2%): best performer in the sector, hit its lowest level in five weeks before narrowing its loss.