Argus

•

Jul 07, 2026

Sector(s)

Consumer Cyclical

Summary

In reviewing weekly data from Vickers Stock Research, we note that corporate insiders have taken their final stance before earnings season begins, and are now broadly prohibited from trading over the next month-plus. As has been the case for weeks now, that stance is neutral -- with no suggestion that stocks are poised for a big move in any direction. If one were to look at the performance of stocks over the last month and compare it to the year to date, a current neutral posture may not be such a bad call. Indeed, the S&P 500 is up 9% year to date (YTD), but was off 1.6% in the last month. For the Nasdaq, the numbers are up 11% YTD but down 4.6% in the past 30 days. Only the Dow Jones Industrial Average bucks the trend, up 10% year to date and up 3% in the last month. On the sector level, the eight-week view is fully unchanged from last week, but the one-week view offers a slightly cautious outlook, with three sectors now sporting bearish sell/buy ratios versus none last week.  By way of the details, Vickers' sector sentiment data shows six of the 11 S&P sectors with bullish one-week sell/buy ratios. The three sectors that turned bearish since last week are Communication Services, Energy, and Information Technology. On the flipside, the sectors with bullish one-week ratios are Consumer Staples, Financial, Healthcare, Industrial, Real Estate, and Utility sectors. That leaves Consumer Discretionary and Materials as neutral. From a longer-term perspective (eigh

Exclusive reports, detailed company profiles, and best-in-class trade insights to take your portfolio to the next level