Sorry about the lack of an update last Saturday, it could not be helped. After a down week last week, all 3 major indexes increased this week on the hope (or signs of) relating to a potential top in the coronavirus outbreak. There's still a lot of talk as to what the full economic impact will be for this shuttering of most of the economy and what the impact on small businesses will be on the other side of this, but we can only wait to see what happens.

All 3 major indexes were up for the week ended 2020-04-09. The Dow Jones Industrial average ended the week at 23,719 an increase of 12.7%. The broader S&P 500 index ended the week at 2,790 an increase of 12.1%. The Nasdaq 100 ended the week at 8,239 an increase of 9.4%. The average change for the major averages was up 11.40%.

Year to date we are still well below where we started the year and started the 'virus cycle', but we are well off of the lows that we experienced about a few weeks ago with all three averages no longer down 20% of more. The Nasdaq Composite is down 8.2% year-to-date, the S&P 500 is down 13.6% and the Boeing heavy Dow Jones Industrials are down 16.9% for the year.

Investment Style View

If you are a dividend investor, dividend stocks increased in the last week by 17.0%, with the iShares Dividend price climbing from $69.37 to $81.16.

In the latest week, small cap stocks outpaced both large cap and large cap stocks. Small-cap stocks increased by 20.7% for the week while large-cap stocks increased by 12.8% and mid-cap stocks increased by 18.2%.

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, there was a mixture in performance between growth and value stocks based on the capitalization of the underlying companies. Large-cap growth stocks outperformed large-cap value stocks this week 12.2% vs. 11.7%. Mod-cap value stocks outperformed Mid-cap growth stocks this week 20.6% vs. 12.9%. Small-cap value stocks outperformed Small-cap growth stocks this week 23.0% vs. 15.4%.

Sector View

As we've been doing since the coronavirus inflicted the whole market moving in the same direction, we will just highlight the weekly performance of each sector:

Sector performance was as follows:

  • Communication Services: +11.19%
  • Consumer Discretionary: +15.78%
  • Consumer Staples: +5.38%
  • Energy: +13.29%
  • Financials: +20.37%
  • Health: +9.71%
  • Industrials: +13.50%
  • Technology: +11.22%
  • Materials: +20.42%
  • Real Estate: +22.45%
  • Utilities: +17.24%


  • Earnings Roundup

    There was very little activity on the earnings front this week, but a few big companies did report.

    • Levi Strauss & Company. (LEVI) announced earnings after the market close on 2020-04-07. Earnings came in at $0.40 the analyst consensus was $0.35, a difference of $0.05 per share. Shares closed the prior day at $12.01 a share and closed the day at $13.13 an increase of 9.3%.
    • Delta Air Lines Corporation. (DAL) announced earnings after the market close on 2020-04-08. Earnings came in at $0.00 the analyst consensus was $0.11, a difference of $-0.11 per share. Shares closed the prior day at $22.25 a share and closed the day at $23.23 an increase of 4.4%.
    • MSC Industrial Corporation. (MSM) announced earnings after the market close on 2020-04-08. Earnings came in at $1.00 the analyst consensus was $0.98, a difference of $0.02 per share. Shares closed the prior day at $58.05 a share and closed the day at $61.21 an increase of 5.4%.
    • WD-40 Company (WDFC) announced earnings after the market close on 2020-04-09. Earnings came in at $1.04 the analyst consensus was $1.21, a difference of $-0.17 per share. Shares closed the prior day at $175.41 a share and closed the day at $0.00 a decline of -100.0%.


    Dividend Payments

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

    • Gap Inc (GPS) paid a dividend of $0.24 on 2020-04-07. The stock closed at $6.97 giving an estimated yield of 13.9%.
    • Ethan Allen Interiors Inc (ETH) paid a dividend of $0.21 on 2020-04-08. The stock closed at $9.59 giving an estimated yield of 8.8%.
    • AT&T Inc (T) paid a dividend of $0.52 on 2020-04-08. The stock closed at $29.89 giving an estimated yield of 7.0%.
    • General Mills (GIS) paid a dividend of $0.49 on 2020-04-08. The stock closed at $55.73 giving an estimated yield of 3.5%.
    • Campbell Soup Company (CPB) paid a dividend of $0.35 on 2020-04-08. The stock closed at $46.16 giving an estimated yield of 3.0%.
    • Quest Diagnostics Inc (DGX) paid a dividend of $0.56 on 2020-04-06. The stock closed at $78.69 giving an estimated yield of 2.8%.
    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

    please note, our source for this information will not be updating this until tonight. we will provide an update to this page tomorrow morning (4/11)
    Big Economic and other data {or big events} being reported this week are:

    • Monday: Most markets are closed for Easter.
    • Tuesday: The IMF releases its April 2020 World Economic Outlook.
    • Wednesday: The Census Bureau reports on retail-sales for March with an expected decline of 6.4% after a 0.5% decline in February.
    • Thursday: The Department of Labor reports initial jobless claims after reporting 16.7 million in the last 3 weeks.
    • Friday: the Conference Board releases its Leading Economic Index for March with a consensus decline of 6.2% expected from February's reading.

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

    • Monday: Most markets are closed for Easter.
    • Tuesday: JP Morgan Chase, Wlls Fargo, JB Hunt Transporation
    • Wednesday: Bank of America, Citigroup, UnitedHealth Group
    • Thursday: Abbott Labs, BlackRock, Intuitive Surgical
    • Friday: Schlumberger, State Street, Kansas City Southern

    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.