{
  "url": "https://struct.news/briefs/twenty-two-stocks-moved-together-across-seven-sectors",
  "title": "Twenty-two stocks moved together across seven sectors",
  "summary": "Adobe, Pepsi, insurers, software names, and more traded far more alike than their history suggests on August 5.",
  "published_at": "2026-08-05T23:47:15.966989+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": null,
    "ticker": null,
    "cik": null,
    "sector": null,
    "industry": null
  },
  "source_filing": null,
  "comparison_filing": null,
  "reported_figures": [
    {
      "group": "The group moved much more alike than usual",
      "label": "Active today",
      "value": 22,
      "display": "22/40",
      "unit": "number",
      "period": null,
      "detail": "Group members above the activity threshold",
      "source": {
        "kind": "jodie_evidence",
        "label": "Broad-market moves removed",
        "as_of": "2026-08-05"
      }
    },
    {
      "group": "The group moved much more alike than usual",
      "label": "Recent correlation",
      "value": 0.7001,
      "display": "0.70",
      "unit": "number",
      "period": null,
      "detail": null,
      "source": {
        "kind": "jodie_evidence",
        "label": "Broad-market moves removed",
        "as_of": "2026-08-05"
      }
    },
    {
      "group": "The group moved much more alike than usual",
      "label": "Usual correlation",
      "value": 0.0786,
      "display": "0.08",
      "unit": "number",
      "period": null,
      "detail": null,
      "source": {
        "kind": "jodie_evidence",
        "label": "Broad-market moves removed",
        "as_of": "2026-08-05"
      }
    },
    {
      "group": "The group moved much more alike than usual",
      "label": "Above normal",
      "value": 3.37,
      "display": "3.4σ",
      "unit": "sigma",
      "period": null,
      "detail": null,
      "source": {
        "kind": "jodie_evidence",
        "label": "Broad-market moves removed",
        "as_of": "2026-08-05"
      }
    }
  ],
  "watch_next": [
    {
      "type": "input_costs",
      "statement": "BDX's three-month report links lower Connected Care and Medical Essentials margins to higher labor costs, with tariffs also pressuring Medical Essentials.",
      "importance": "medium",
      "evidence": "Lower gross profit margin in the third quarter of 2026 compared with the third quarter of 2025 primarily reflected an unfavorable impact from lower sales volumes and higher labor costs, partially offset by favorable product mix and pricing.",
      "source_date": "2026-08-06"
    },
    {
      "type": "liquidity_financing",
      "statement": "On June 5, 2026 the company entered a Third Amended and Restated Credit Agreement with JPMorgan and others; the Revolving Credit Facility contains an expansion option up to $1,000M, subject to lender approval.",
      "importance": "high",
      "evidence": "The Revolving Credit Facility contains an expansion option for up to an additional $1,000 million of borrowing capacity, subject to the approval of participating lenders.",
      "source_date": "2026-07-27"
    },
    {
      "type": "input_costs",
      "statement": "Tariffs, foreign-currency translation and higher labor costs were cited as primary drivers of lower gross profit margin in Medical Essentials in Q2 2026.",
      "importance": "medium",
      "evidence": "Lower gross profit margin in the second quarter of 2026 compared with the second quarter of 2025 primarily reflected unfavorable impacts from tariffs, foreign currency translation, and higher labor costs, partially offset by lower manufacturing costs, which resulted from continuous im",
      "source_date": "2026-05-07"
    }
  ],
  "related_tickers": [
    "ACN",
    "ADBE",
    "ADP",
    "BCE",
    "BDX",
    "BJ",
    "BRO",
    "BRZE"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}