The middle of the week saw market indexes rise over 20% in 3 days followed by the 8th (of the most recent 9) Friday decreases as investors and speculators don't want to hold stocks over the weekend due to the threat of bad news relating to the coronavirus.

All 3 major indexes were up for the week ended 2020-03-27. The Dow Jones Industrial average ended the week at 21,637 an increase of 12.8%. The broader S&P 500 index ended the week at 2,541 an increase of 10.3%. The Nasdaq 100 ended the week at 7,588 an increase of 8.5%. The average change for the major averages was up 10.53%.

While the major indexes all increased by a lot this week, the major indexes are all down significantly year-to-date. The "Winner" is the Nasdaq composite, which is down 15.4% for the year, followed by the S&P 500, which is down 21.3% and the Dow, which is weighed down by Boeing is down 24.2%.

Investment Style View

If you are a dividend investor, dividend stocks increased in the last week by 10.8%, with the iShares Dividend price climbing from $66.39 to $73.54.

In the latest week, mid cap stocks outpaced both small cap and large cap stocks. Mid-cap stocks increased by 13.9% for the week while large-cap stocks increased by 11.6% and small-cap stocks increased by 13.4%.

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, the growth stocks of all 3 capitalization groups outperformed the value stocks. Large-cap growth stocks outperformed large-cap value stocks 10.3% as compared to 7.8%. Mid-cap growth stocks outperformed mid-cap value stocks 12.6% as compared to 12.1%. Finally, Small-cap growth stocks outperformed small-cap value stocks 13.2% as compared to 10.5%.

Sector View

All sectors were up this week as measured by the sector ETFs that we track. As we've done in recent weeks it's really easier to list out the weekly performance rather than write some verbiage to describe it:

Sector performance was as follows:

  • Communication Services: +7.35%
  • Consumer Discretionary: +12.63%
  • Consumer Staples: 6.67%
  • Energy: 10.49%
  • Financials: 12.39%
  • Health: 8.74%
  • Industrials: 14.42%
  • Technology: 11.03%
  • Materials: 10.21%
  • Real Estate: 16.69%
  • Utilities: 16.80%


  • Earnings Roundup

    There were not a lot of earnings releases this week, which is probably okay since they are not really the major factors moving the markets right now, although some could buck a daily trend:

    • Lululemon Athletica. (LULU) announced earnings after the market close on 2020-03-26. Earnings came in at $2.28 the analyst consensus was $2.25, a difference of $0.03 per share. Shares closed the prior day at $200.80 a share and closed the day at $188.84 a decline of -6.0%.
    • Micron Technologies. (MU) announced earnings after the market close on 2020-03-25. Earnings came in at $0.45 the analyst consensus was $0.38, a difference of $0.07 per share. Shares closed the prior day at $42.50 a share and closed the day at $44.79 an increase of 5.4%.
    • Nike, Inc. (NKE) announced earnings after the market close on 2020-03-24. Earnings came in at $0.78 the analyst consensus was $0.54, a difference of $0.24 per share. Shares closed the prior day at $72.33 a share and closed the day at $79.01 an increase of 9.2%.
    • Paychex, Inc. (PAYX) announced earnings after the market close on 2020-03-25. Earnings came in at $0.97 the analyst consensus was $0.95, a difference of $0.02 per share. Shares closed the prior day at $59.56 a share and closed the day at $60.08 an increase of 0.9%.


    Dividend Payments

    Dividend payments were a little light this week, some of the bigger names:

    • Altria Group (MO) paid a dividend of $0.84 on 2020-03-24. The stock closed at $32.38 giving an estimated yield of 10.4%.
    • Terreno Realty Corp (TRNO) paid a dividend of $0.27 on 2020-03-26. The stock closed at $48 giving an estimated yield of 2.3%.
    • Flowserve Corp (FLS) paid a dividend of $0.20 on 2020-03-26. The stock closed at $23.94 giving an estimated yield of 3.3%.
    • Interface Inc (TILE) paid a dividend of $0.07 on 2020-03-26. The stock closed at $7 giving an estimated yield of 3.7%.
    • Xerox Corp (XRX) paid a dividend of $0.25 on 2020-03-27. The stock closed at $17.66 giving an estimated yield of 5.7%.
    • Terraform Power Inc (TERP) paid a dividend of $0.20 on 2020-03-26. The stock closed at $16 giving an estimated yield of 5.0%
    Please note: with the massive price movements this week, there is no guarantee that dividend payments will be sustained and that the estimated annual yields will continue at these levels.

    The Week Ahead

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

    • Monday: the National Association of Realtors reports pending home sales for February with an estimated decline of 1.3% after a 5.2% jump in January.
    • Tuesday: the Conference Board releases its Consumer Confidence Survey for March with an expected reading of 110.8, from February's reading of 130.7
    • Wednesday: ADP releases their private-sector jobs report for March with an anticipated loss of 360,000 jobs. This is likely the first negative reading since 2010.
    • Thursday: the Department of Labor reports initial jobless claims for the week ended 3/28. There's no estimate after last weeks' MASSIVE report. All eyes are on this we think.
    • Friday: the BLS releases the jobs report for March with economists forecasting a loss of 150,000 non-farm jobs, the first potential decline since September 2010. It's also anticipated that the jobless rate could increase to 3.9%

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

    • Monday:
    • Tuesday: Conagra, McCormick
    • Wednesday: PVH, Lamb Weston Holdings
    • Thursday: CarMax, Chewy
    • Friday:

    Please note: with all of the closures that have been occuring over the last day or two some of these announcements may or may not be delayed or postponed. We have no insight into this.


    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.