Weekly Market Recap – Week Ending Oct 23, 2026
U.S. equity markets remained mixed this week, with weakness in growth-oriented sectors offset by continued strength in value, defensive, and energy-related stocks. The NASDAQ 100 ETF (QQQM) declined 0.75%, while the S&P 500 ETF (SPYM) was nearly flat, slipping just 0.04%. Communication Services (XLC) led the declines with a 4.36% drop, while Growth (VUG) and Industrials (XLI) also moved lower. In contrast, Dividend Equity (SCHD) gained 2.68%, supported by positive performances in Health Care (XLV), Energy (XLE), Small Caps (VB), Real Estate (XLRE), and Utilities (XLU), indicating a continued rotation toward value and defensive sectors. Stock-specific momentum remained strong across financial exchanges, biotechnology, pharmaceuticals, and energy, led by Cboe Global Markets (CBOE), Petrobras (PBR), Genmab (GNMSF), UCB (USBJY), United Therapeutics (UTHR), and Permian Resources (PR), highlighting selective opportunities despite broader market uncertainty.
Trade ValuEngine supported portfolio strategies, www.ValuEngineCapital.com
In the below tables we use major ETF’s as a proxy for some major indexes as well as each of the sector groups into which we divide the overall markets. Tracking these over time provides a more defined picture of the US markets than simply tracking major indexes. This is followed by notable individual stock movers over the past month.
ETF/Sector weekly performance:
| Ticker | Name | VE Rating | Last Week’s Close Price | Weekly Change |
| QQQM | Invesco NASDAQ 100 ETF | 5 | 292.26 | -0.75% |
| SCHD | Schwab US Dividend Equity ETF | 2 | 34.35 | 2.68% |
| SPYM | State Street SPDR Portfolio S&P 500 ETF | 4 | 89.83 | -0.04% |
| VB | Vanguard Morningstar Small-Cap ETF | 2 | 284.32 | 1.02% |
| XLB | State Street Materials Select Sector SPDR ETF | 2 | 50.92 | 0.77% |
| XLC | State Street Com Svc Sel Sec SPDR ETF | 2 | 110.32 | -4.36% |
| XLE | State Street Energy Select Sector SPDR ETF | 5 | 68.24 | 1.35% |
| XLF | State Street Financial Sel Sec SPDR ETF | 3 | 55.52 | 0.68% |
| XLI | State Street Industrial Select Sector SPDR ETF | 2 | 167.76 | -1.28% |
| XLK | State Street Technology Select Sector SPDR ETF | 5 | 183.47 | -0.13% |
| XLP | State Street Consumer Staples Sel Sect SPDR ETF | 1 | 87.62 | 0.73% |
| XLRE | State Street Real Estate Select Sector SPDR ETF | 1 | 42.16 | 0.97% |
| XLU | State Street Utilities Select Sector SPDR ETF | 1 | 42.21 | 0.83% |
| XLV | State Street Health Care Select Sector SPDR ETF | 3 | 176.71 | 1.45% |
| XLY | State Street Consumer Disc Sel Sect SPDR ETF | 1 | 112.46 | 0.57% |
| VTV | Vanguard Morningstar Value ETF | 3 | 223.41 | 0.73% |
| VUG | Vanguard Morningstar Growth ETF | 4 | 87.93 | -1.33% |
Free Trial: Direct Access to ValuEngine Research on over 5,200 stocks and 750 ETFs HERE
Last Week Top 3 Stock Performers (Global):
| Ticker | Name | VE Rating | Last Close Price | Price 30 Days Ago | Monthly Difference |
| PBR | Petroleo Brasileiro ADR Reptg 2 Ord Shs | 5 | 26.16 | 20.65 | 26.68% |
| GNMSF | Genmab A/S | 4 | 447.55 | 355 | 26.07% |
| UCBJY | UCB Unsponsored Belgium ADR | 4 | 151.91 | 121.15 | 25.39% |
Last Week Top 3 Stock Performers (US):
| Ticker | Name | VE Rating | Last Close Price | Price 30 Days Ago | Monthly Difference |
| CBOE | Cboe Global Markets Inc | 4 | 340.42 | 253.26 | 34.42% |
| UTHR | United Therapeutics Corp | 4 | 587.5 | 485.54 | 21.00% |
| PR | Permian Resources Corp | 4 | 25.49 | 21.3 | 19.67% |
Current ValuEngine reports on all covered 5000+ stocks and ETFs can be viewed HERE
Strategy Note to be posted later this week: “Is Tech Oversold Following Trend Reversals?”
www.ValuEngine.com (ValuEngine, Inc) is a stock valuation and forecasting service founded by Ivy League finance academics. VE utilizes the most advanced quantitative techniques and analysis available to analyze over 4,200 US stocks, 700 US ETFs, and 1,000 Canadian stocks. Fair market valuations, forecast target prices, and buy/hold/sell recommendations are updated DAILY.
Full Two Week Free Trial HERE
www.ValuEngineCapital.com (ValuEngine Capital Management, LLC) is a Registered Investment Advisory firm that trades six distinct portfolios based upon the ValuEngine.com research models. Each portfolio has a different risk/return profile. Clients can be placed in strategies that fit their specific investment needs, or allocated across several portfolios. Funds can be shifted across the portfolios quickly to accommodate changes in the markets and needs of the client. Much of the content and data in these blogs is directly used in the ValuEngine Capital portfolios, including the ValuEngine model data on over 5,000 stocks and 750 ETFs to search for positions in each portfolio. Details and performance is available on www.ValuEngineCapital.com and upon request.
clientservices@ValuEngineCapital.com (321) 325-0519
View Portfolio descriptions and performance HERE
BLOG.VALUENGINE.COM for the full history of ValuEngine.com financial blog posts