All 3 major indexes were up for the week ended 2019-11-29. The Dow Jones Industrial average ended the week at 28,051 an increase of 0.6%. The broader S&P 500 index ended the week at 3,141 an increase of 1.0%. The Nasdaq 100 ended the week at 8,404 an increase of 1.6%. The average change for the major averages was up 1.07%.
With all three major indexes moving up for the week, all of the major averages are up over 20% year-to-date again. The Dow Jones Industrial Average is up 20.3% for the year, the S&P500 is up 25.3% and the Nasdaq has the biggest YTD jump at 26.7%.
This was a very slow week with very few earnings announcements, the Thanksgiving holiday having no activity on Thursday and a shortened session on Friday and no real news happening for the week.
Investment Style View
If you are a dividend investor, dividend stocks increased in the last week by 0.4%, with the iShares Dividend price climbing from $103.32 to $103.74.
In the latest week, small cap stocks outpaced both large cap and large cap stocks. Small-cap stocks increased by 1.7% for the week while large-cap stocks increased by 1.0% and mid-cap stocks increased by 0.9%.
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 1.8% as compared to 0.4%. Mid-cap growth stocks outperformed mid-cap value stocks 1.8% as compared to 0.5%. Finally, Small-cap growth stocks outperformed small-cap value stocks 2.4% as compared to 1.2%.
This was a good week for all sectors save 1, the Energy sector. The other 10 sectors all experienced gains for this shortened week. The leading sectors were the Consumer Discretionary sector which increased by 1.81%, the Information Technology sector which increased by 1.64%. The Healthcare sector also increased over 1.5% with a gain of 1.58% on the week. The Energy sector declined by 1.59%, the exact opposite of all of the other sectors.
As we've said, this was a very light earnings week with only 63 earnings announcements coming this week. Some of the more larger companies were:
- Agilent Technologies. (A) announced earnings after the market close on 2019-11-25. Earnings came in at $0.89 the analyst consensus was $0.86, a difference of $0.03 per share. Shares closed the prior day at $80.26 a share and closed the day at $80.95 an increase of 0.9%.
- Best Buy Co., Inc. (BBY) announced earnings after the market close on 2019-11-26. Earnings came in at $1.13 the analyst consensus was $1.04, a difference of $0.09 per share. Shares closed the prior day at $74.25 a share and closed the day at $81.57 an increase of 9.9%.
- Dollar Tree, Inc. (DLTR) announced earnings after the market close on 2019-11-26. Earnings came in at $1.08 the analyst consensus was $1.12, a difference of $-0.04 per share. Shares closed the prior day at $112.39 a share and closed the day at $95.26 a decline of -15.2%.
- Hewlett Packard Enterprise. (HPE) announced earnings after the market close on 2019-11-25. Earnings came in at $0.49 the analyst consensus was $0.46, a difference of $0.03 per share. Shares closed the prior day at $17.45 a share and closed the day at $15.97 a decline of -8.5%.
The Week Ahead
Black Friday is behind us, Cyber Monday is ahead of us and all of the speculation around holiday spending is yet to come. Here are this week's economic releases:
- Monday: The Census Bureau reports October construction with an expected rise of 0.4%
- Wednesday: Bank of Canada announces its monetary policy decision and ADP releases its National Employment Report for November. Estimates are looking for 140,000 private-sector jobs as compared to 125,000 for October.
- Friday: University of Michigan reports Consumer Sentiment Index for December.
A lot of the news will be related to guidance for holiday sales, but there are still earnings announcements this week:
- Tuesday: Bank of Montreal and Salesforce.com
- Wednesday: AutoZone, Campbell Soup, H&R Block
- Thursday: Dollar General, Kroger, Tiffany, Ulta Beauty
As we approach the new year, we will begin including dividend information in our report next week. The data has been loaded into our database and we have been working up how we will be reporting on them.
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.