Another incredible week of incredible swings in the major indexes and across the sectors. To illustrate the craziness this week, the Dow was up well over a thousand points twice, down nearly a thousand once, down nearly 700 once and the mellow day, Friday it dropped a mere 256 points.

All 3 major indexes were up for the week ended 2020-03-06. The Dow Jones Industrial average ended the week at 25,865 an increase of 1.8%. The broader S&P 500 index ended the week at 2,972 an increase of 0.6%. The Nasdaq 100 ended the week at 8,530 an increase of 0.8%. The average change for the major averages was up 1.07%.

This weeks' market activity, while crazy was enough to pare the year-to-date losses in each of he indexes. The S&P500 is now down 8.0% for the year, the Dow is down 9.4% and the Nasdaq Composite is down 4.9%. It feels like it was a lot crazier.

Investment Style View

If you are a dividend investor, dividend stocks increased in the last week by 0.7%, with the iShares Dividend price climbing from $92.16 to $92.79.

In the latest week, large cap stocks outpaced both small cap and mid cap stocks. Large cap stocks increased by 1.4% for the week while mid-cap stocks increased by 0.8% and small-cap stocks decreased by 1.4%.

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, there was a mixture in performance between growth and value stocks based on the capitalization of the underlying companies. Large-cap value stocks outperformed large-cap growth stocks this week 0.8% vs. 0.6%. Mid-cap growth stocks outperformed Mid-cap value stocks this week -0.6% vs. -0.9%. Small-cap growth stocks outperformed Small-cap value stocks this week -1.3% vs. -3.1%.

Sector View

After last weeks' route, this week was very different in that 5 of the 11 sectors were up this week, meaning 6 were down and the spread between the biggest winners and losers for the week was nearly 16 percentage points with the winning sector rising 7.8% and the big loser declining 8.4% for the week.

The winning sectors this week were Utilities, up 7.8%, Consumer Staples up 6.0%, Healthcare up 4.1%, Real Estate up 3.9% and the Materials sector rising 1.0% for the week.

The lagging sectors this week were Energy, down 8.4%, the Financial Sector down 3.7%, Communication Services down 2.1%, Industrials down 1.6%, Consumer Discretionary down 1.2% and Information Technology off 0.1% for the week.



Earnings Roundup

It's hard to fathom that there was any news this week other than the coronavirus that's going to apparently kill 20% of the global population and somehow destroy the global economy for the next 3 years [insert sarcasm emoji here], BUT there were a pretty good job report that nobody talked about and 300 companies this week that reported earnings for their latest quarter:

  • Costco Wholesale Inc. (COST) announced earnings after the market close on 2020-03-05. Earnings came in at $2.10 the analyst consensus was $2.07, a difference of $0.03 per share. Shares closed the prior day at $315.76 a share and closed the day at $311.34 a decline of -1.4%.
  • Ross Stores, Inc. (ROST) announced earnings after the market close on 2020-03-03. Earnings came in at $1.28 the analyst consensus was $1.26, a difference of $0.02 per share. Shares closed the prior day at $109.22 a share and closed the day at $109.56 an increase of 0.3%.
  • Target Corporation. (TGT) announced earnings after the market close on 2020-03-03. Earnings came in at $1.69 the analyst consensus was $1.66, a difference of $0.03 per share. Shares closed the prior day at $109.06 a share and closed the day at $105.84 a decline of -3.0%.
  • Zoom Video Communications. (ZM) announced earnings after the market close on 2020-03-04. Earnings came in at $0.15 the analyst consensus was $0.07, a difference of $0.08 per share. Shares closed the prior day at $116.80 a share and closed the day at $125.00 an increase of 7.0%.
  • Autozone, Inc. (AZO) announced earnings after the market close on 2020-03-03. Earnings came in at $12.39 the analyst consensus was $11.87, a difference of $0.52 per share. Shares closed the prior day at $1,046.89 a share and closed the day at $1,024.71 a decline of -2.1%.
  • Campbell Soup Company. (CPB) announced earnings after the market close on 2020-03-04. Earnings came in at $0.72 the analyst consensus was $0.65, a difference of $0.07 per share. Shares closed the prior day at $47.88 a share and closed the day at $52.72 an increase of 10.1%.
  • The Kroger Co. (KR) announced earnings after the market close on 2020-03-05. Earnings came in at $0.57 the analyst consensus was $0.56, a difference of $0.01 per share. Shares closed the prior day at $30.96 a share and closed the day at $33.47 an increase of 8.1%
  • Okta, Inc. (OKTA) announced earnings after the market close on 2020-03-05. Earnings came in at $-0.01 the analyst consensus was $-0.05, a difference of $0.04 per share. Shares closed the prior day at $129.05 a share and closed the day at $125.97 a decline of -2.4%.


Dividend Payments

With earnings season still going strong, dividend are just beginning to pick up. A few companies going ex-dividend this past week were:

  • Tapestry Inc (TPR) paid a dividend of $0.34 on 2020-03-05. The stock closed at $22.22 giving an estimated yield of 6.1%.
  • Dunkin' Brands Group (DNKN) paid a dividend of $0.40 on 2020-03-06. The stock closed at $67.4 giving an estimated yield of 2.4%.
  • Insperity Inc (NSP) paid a dividend of $0.40 on 2020-03-04. The stock closed at $67.44 giving an estimated yield of 2.4%.
  • Systemax Inc (SYX) paid a dividend of $1.14 on 2020-03-06. The stock closed at $18.63 giving an estimated yield of 3.0%


The Week Ahead

Big Economic and other data {or big events} being reported this week are:

  • Monday:
  • Tuesday: the National Federation of Independent Business releases its index on Small Business Optimism for February with the expectation being a flat reading as compared to January.
  • Wednesday: the BLS reports the Consumer Price Index for February with the expectation of an increase of 2.2% after a 2.5% increase in January.
  • Thursday: the European Central Bank annuonces its monetary policy decision with the "market" pricing in an 80% change that they will cut their rate by 0.1% down to NEGATIVE 0.5%
  • Friday: the University of Michigan releases its Consumer Sentiment index for March with an expected reading of 94, well below February's reading of 101.

The earnings continue this week with the following companies reporting earnings:

  • Monday: Franco-Nevada, Vail Resorts
  • Tuesday: Dicks SPorting Goods
  • Wednesday:
  • Thursday: Adobe, Broadcom, Gap, Oracle, Ulta and Slack
  • Friday:


Authors Note: Please note, the writer currently owns no individual stocks.

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.