All 3 major indexes were up for the week ended 2019-11-15. The Dow Jones Industrial average ended the week at 28,005 an increase of 1.2%. The broader S&P 500 index ended the week at 3,120 an increase of 0.9%. The Nasdaq 100 ended the week at 8,316 an increase of 0.7%. The average change for the major averages was up 0.93%.

All of the major indexes hit record territory again this week and now all of the major indexes are up over 20% for the year. The Dow Jones Industrials ended the week at 28,004, up 20.1% year-to-date, the S&P 500 closed the week at 3,120, up 24.5% and the Nasdaq ended the week at 8,315, up 25.3% for the year.

As we've said over the last couple of weeks, earnings season has slowed down with only 464 earnings reports coming out this week, but there were still a few big names reporting earnings for the week. The big mover by weeks' end was yet another announcement of just how close a trade deal with China could be - but we will see.

Investment Style View

If you are a dividend investor, dividend stocks declined in the last week by 0.2%, with the iShares Dividend price declining from $104.16 to $103.96.

In the latest week, large cap stocks outpaced both small cap and mid cap stocks. Large cap stocks increased by 1.2% for the week while mid-cap stocks increased by 0.7% and small-cap stocks increased by 0.2%.

In order for us to monitor the performance difference between growth and value stocks, we look at the different capitalization levels (large, mid and small cap). In the latest week, the growth stocks of all 3 capitalization groups outperformed the value stocks. Large-cap growth stocks outperformed large-cap value stocks 1.7% as compared to -0.2%. Mid-cap growth stocks outperformed mid-cap value stocks 2.2% as compared to 0.2%. Finally, Small-cap growth stocks outperformed small-cap value stocks 1.5% as compared to -0.7%.

Sector View

Most of the sectors were up this week with 8 of the 11 sectors rising. 2 of the sectors were fairly flat for the week but 1 (Consumer Discretionary) edging up and 1 (Materials) edging down for the week. The strongest sector this week was Healthcare, which incresed by 2.31% on the week. Two other sectors rose more than 1% on the week with Utilities increasing 1.56% and Real Estate increasing by 1.73% The two sectors which lost ground this week (in addition to the previously mentioned Materials sector) were Energy which declined by 1.31% and the Financial sector which declined by 0.26%.



Earnings Roundup

There were still a few big name stocks that announced earnings this week. They were:

  • Applied Materials. (AMAT) announced earnings after the market close on 2019-11-14. Earnings came in at $0.80 the analyst consensus was $0.76, a difference of $0.04 per share. Shares closed the prior day at $56.96 a share and closed the day at $62.06 an increase of 9.0%.
  • Cisco Systems, Inc. (CSCO) announced earnings after the market close on 2019-11-13. Earnings came in at $0.84 the analyst consensus was $0.81, a difference of $0.03 per share. Shares closed the prior day at $48.46 a share and closed the day at $44.91 a decline of -7.3%.
  • Nvidia Corporation. (NVDA) announced earnings after the market close on 2019-11-14. Earnings came in at $1.78 the analyst consensus was $1.57, a difference of $0.21 per share. Shares closed the prior day at $209.79 a share and closed the day at $204.19 a decline of -2.7%.
  • Walmart Inc. (WMT) announced earnings after the market close on 2019-11-14. Earnings came in at $1.16 the analyst consensus was $1.09, a difference of $0.07 per share. Shares closed the prior day at $120.98 a share and closed the day at $120.65 a decline of -0.3%.
  • CBS Corporation. (CBS) announced earnings after the market close on 2019-11-12. Earnings came in at $0.95 the analyst consensus was $0.91, a difference of $0.04 per share. Shares closed the prior day at $39.18 a share and closed the day at $37.76 a decline of -3.6%.
  • Tencent Music Entertainment. (TME) announced earnings after the market close on 2019-11-11. Earnings came in at $0.10 the analyst consensus was $0.10, a difference of $0.00 per share. Shares closed the prior day at $14.37 a share and closed the day at $13.21 a decline of -8.1%.
  • Netapp, Inc. (NTAP) announced earnings after the market close on 2019-11-13. Earnings came in at $1.09 the analyst consensus was $0.94, a difference of $0.15 per share. Shares closed the prior day at $60.07 a share and closed the day at $61.98 an increase of 3.2%.
  • Tyson Foods, Inc. (TSN) announced earnings after the market close on 2019-11-12. Earnings came in at $1.21 the analyst consensus was $1.23, a difference of $-0.02 per share. Shares closed the prior day at $82.73 a share and closed the day at $88.88 an increase of 7.4%.


The Week Ahead

There are a number of economic reports that will come out this week including:

  • Monday: The National Association of Home Builders releases its Housing Market Index for November.
  • Tuesday: The Census Bureau reports residential construction data for October
  • Wednesday:
  • Thursday: The National Association of Realtors reports existing-home sales for October
  • Friday: The Federal Reserve Bank of Kansas City releases its Manufacturing Survey for November.

The earnings season continues to slow, particularly with the holidays approaching. Some of this weeks earnings reports to look for:

  • Monday:
  • Tuesday: Home Depot, Medtronic
  • Wednesday: Lowe's, Target
  • Thursday: Intuit, Gap
  • Friday: J.M. Smucker, Foot Locker


Authors Note: Please note, the writer does currently own CVS stock, no other stocks discussed in this article are currently owned by the writer.

About the Writer

This page was created and is maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt is an executive, data scientist and software engineer who holds an MBA in Management Information Systems. In 2010, he partnered with scientists at Northwestern University to launch The Street Wire. This was one of the first mainstream uses of what would become “Narrative Science”, an artificial intelligence platform specializing in natural language generation. You can contact Kurt on LinkedIn here.