Oil Crashes Below $100 as Stocks Slide and Gold Snaps Back
Here’s where the key indicators sit versus their own history, plus the best and worst movers across companies and industries — and the risk and growth factors that may sit behind them. We don’t tell you what to do. We just show you what the data says, then close each section with a quick Read: the possible drivers, and what they could mean.
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01 · COMPANIES
Movers Above $10B Market Cap
▲ LEADERS
1 WEEK
- Procore Technologies Inc — +20.82%
- Roblox Corp — +15.00%
- Harmony Gold Mining Company Limited — +13.56%
YEAR TO DATE
- Host Hotels & Resorts Inc — +42.94%
- Shell PLC ADR — +34.34%
- Anheuser Busch Inbev NV ADR — +32.88%
YEAR ON YEAR
- Ecopetrol SA ADR — +68.75%
- SK Telecom Co Ltd ADR — +56.39%
- Quest Diagnostics Incorporated — +47.64%
Capnote tip: common growth factors among top YTD names include revenue growth from last year, positive EBITDA margin, and diversified business.
▼ LAGGARDS
1 WEEK
- Marvell Technology Group Ltd — -18.54%
- Baker Hughes Co — -9.70%
- Leidos Holdings Inc — -8.72%
YEAR TO DATE
- Charter Communications Inc — -42.93%
- Amrize Ltd — -23.22%
- CH Robinson Worldwide Inc — -22.18%
YEAR ON YEAR
- Fidelity National Information Services Inc — -54.09%
- Grab Holdings Ltd — -38.62%
- Zoetis Inc — -31.70%
Capnote tip: common risk factors among these YTD laggards include reputation or brand decline and impairment, adverse capital markets access, and competition intensity & availability of substitutes.
THE READ
Possible drivers: Procore Technologies led the week (+20.82%), followed by Roblox (+15.00%), a name that sat on the YoY laggard board back in September. Harmony Gold Mining (+13.56%) made the leaderboard in a week when gold rebounded 4.63%. On the downside, Marvell Technology’s -18.54% was the steepest large-cap drop, and oilfield services company Baker Hughes fell 9.70% as crude plunged.
What it could mean: A gold miner rising with gold, and an oil services company falling with oil, suggests these moves are tracking the commodity swings rather than company-specific news. Energy names still dominate the longer windows, with Shell on the YTD board (+34.34%) and Ecopetrol leading YoY (+68.75%), so this week’s crash hasn’t erased their longer-term gains.
02 · COMPANIES
Movers Below $10B Market Cap
▲ LEADERS
1 WEEK
- Array Technologies Inc — +57.23%
- Cricut Inc — +46.05%
- Lendingtree Inc — +37.26%
YEAR TO DATE
- Avita Medical Ltd — +371.32%
- Day One Biopharmaceuticals Inc — +144.84%
- Funko Inc — +105.91%
YEAR ON YEAR
- Avita Medical Ltd — +387.53%
- Nuvectis Pharma Inc — +266.11%
- Vir Biotechnology Inc — +137.23%
Capnote tip: common growth factors among top YTD names include diversified business, return on invested capital expansion, and net margin expansion from last year.
▼ LAGGARDS
1 WEEK
- Nurix Therapeutics Inc — -40.49%
- Stevanato Group SpA — -31.91%
- Amdocs Ltd — -31.02%
YEAR TO DATE
- Suja Life, Inc. Class A Common Stock — -97.15%
- BOXABL Inc. — -86.45%
- Sable Offshore Corp. — -83.99%
YEAR ON YEAR
- Suja Life, Inc. Class A Common Stock — -97.15%
- Verra Mobility Corp — -89.47%
- BOXABL Inc. — -86.37%
Capnote tip: common risk factors among these YTD laggards include competition intensity & availability of substitutes, change in customer demand or preferences, and reputation or brand decline and impairment.
THE READ
Possible drivers: Array Technologies’ +57.23% is the largest weekly gain we’ve tracked in this bracket, ahead of Cricut (+46.05%) and Lendingtree (+37.26%). Avita Medical sweeps both the YTD (+371.32%) and YoY (+387.53%) boards, up from the +273.64% YTD reading it showed the last time it led, on Oct 17. At the bottom, Suja Life sits last on both the YTD and YoY boards for a ninth straight report, and Verra Mobility’s YoY loss deepened to -89.47%, its worst reading in our data.
What it could mean: BOXABL’s YTD loss has grown from -77.79% to -82.46% to -86.45% across its last three appearances on the YTD board, a steady slide rather than a one-off drop. Verra Mobility’s new low reinforces the sustained decline we’ve flagged for weeks.
03 · INDUSTRIES
Industry Performance
Weighted-average market cap of listed companies using Capnote’s proprietary groupings.
▲ HIGHEST PERFORMING
1 WEEK
- Office Supplies — +17.62%
- Gaming — +10.58%
- Stone Products — +8.16%
YEAR TO DATE
- Accounting — +70.88%
- Admin & Legal — +54.45%
- Scientific Services & Tools — +49.48%
YEAR ON YEAR
- Operator — +87.69%
- Refining & Smelting — +76.96%
- Admin & Legal — +51.11%
Capnote tip: common growth factors among top YTD industries include macroeconomic stability & growth, product or service characteristics & qualities, and capital markets access.
▼ LOWEST PERFORMING
1 WEEK
- Data Management — -7.74%
- Recycling — -7.42%
- Security & Weapons — -6.62%
YEAR TO DATE
- Recycling — -50.18%
- Children — -40.02%
- Energy Storage — -28.15%
YEAR ON YEAR
- Recycling — -61.21%
- Children — -53.09%
- Energy Storage — -35.29%
Capnote tip: common risk factors among these YTD laggard industries include reputation or brand decline and impairment, adverse capital markets access, and change in customer demand or preferences.
THE READ
Possible drivers: Refining & Smelting, the top weekly industry for four straight weeks, drops out of the weekly top three as crude plunged, and it slips to second on the YoY board (+76.96%) behind Operator (+87.69%), ending its run at the top of that board. Gaming (+10.58%) makes the weekly leaders alongside Roblox’s +15.00% jump. Data Management, a top-three YTD industry in every report from Sep 5 through Oct 10, is the weakest industry of the week (-7.74%). Recycling tops both the YTD (-50.18%) and YoY (-61.21%) laggard boards for a fourth straight report.
What it could mean: Refining & Smelting losing its footing in the same week as oil’s sharpest drop in our data supports the link we’ve been tracking between the industry and crude. Recycling’s fourth consecutive report at the bottom of both longer windows makes it one of the most persistent weak signals in the dataset.
04 · INDICATORS
Where the Big Levels Sit
Positions vs. a 5-year moving average. Level reflects standard deviations from the mean.
| Indicator | 1W % | Last | Level |
|---|---|---|---|
| US 10Y Treasury | -1.36 | 4.87 | High |
| S&P 500 | -2.68 | 7,376.86 | High |
| Hang Seng | +5.10 | 24,481.86 | High |
| Crude Oil (Brent) | -16.90 | 97.76 | High |
| US Dollar Index (DXY) | +0.39 | 102.28 | Average |
| Gold | +4.63 | 4,079.50 | High |
| Bitcoin | -1.88 | 75,795.02 | High |
THE READ
Possible drivers: Brent fell 16.90% to $97.76, the largest weekly move in our data and its first time below $100 since the early-September report. WTI fell 13.04% to $90.54, and the S&P GSCI commodity index dropped 7.17%. The S&P 500 slid 2.68% to $7,376.86, its largest weekly decline in our data, its fourth straight decline, and its first drop from Very High to High. Gold rebounded 4.63% to $4,079.50, the Hang Seng jumped 5.10%, and the US 10-year yield eased for a fifth straight week to 4.87%. Bitcoin slipped 1.88% for a fifth straight decline, to its lowest level in our data. Our news tags put Security and Weapons and Iran among the week’s top five tags, which may be related, though the data alone doesn’t show a cause.
What it could mean: Falling oil would normally take pressure off markets, yet stocks fell with it, while gold and the Hang Seng rose. That mix suggests markets may be reading the oil drop as a sign of weaker demand rather than as relief. Five straight weeks of easing yields alongside a falling S&P 500 points the same way. Whether gold’s rebound holds, and whether Brent stabilizes near $100, are the questions for next week.
05 · WEEKLY MOVERS
Biggest Indicator Swings
▲ GAINS SINCE LAST WEEK
- Orange Juice · Low — +20.46%
- Milk · Low — +10.53%
- Turkey 10Y · High — +8.77%
- Nickel · Low — +7.13%
- Platinum · High — +6.88%
▼ LOSSES SINCE LAST WEEK
- Crude Oil (Brent) · High — -16.90%
- Gasoline · Average — -16.43%
- Crude Oil (WTI) · High — -13.04%
- Heating Oil · High — -9.34%
- S&P GSCI · Very High — -7.17%
THE READ
Possible drivers: Four of the five biggest losses are energy: Brent, Gasoline (-16.43%, now at an Average level), WTI, and Heating Oil (-9.34%, down to High from Very High). The S&P GSCI commodity index fell 7.17% but still reads Very High. On the gain side, Orange Juice jumped 20.46% from a Low level, and Platinum (+6.88%) rebounded alongside gold, reversing last week’s -7.64%, while Nickel gained 7.13% from a Low level.
What it could mean: Gasoline and heating oil falling alongside crude shows the drop is hitting refined fuels too, not just the crude benchmarks. Platinum and gold rising together after last week’s sharp declines suggests the precious metals pullback may be pausing, though one week isn’t a trend.
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Market Trend Monday is provided for information only and reflects what the data shows. It is not investment advice, nor a recommendation to buy or sell any security. Figures are drawn from Capnote’s data and methodology and may differ from other sources. Always do your own research.