The performance of the financial markets this week was pretty terrible. All but 1 sector declined with the decline lead by the Energy and 2 technology sectors, all of which declined by more than 3% for the week.

All 3 major indexes were down for the week ended 2020-09-11. The Dow Jones Industrial average ended the week at 27,666 a decline of 1.7%. The broader S&P 500 index ended the week at 3,341 a decline of 2.5%. The Nasdaq 100 ended the week at 11,087 a decline of 4.6%. The average change for the major averages was down 2.92%.

This weeks' almost across the board decline pushed the Down Jones Industrial Average down to a 3.1% decline year-to-date. The other 2 major indexes are still positive for the year with the S&P 500 still up 3.4% for the year and the Nasdaq Composite up 23.6% for the year.

Investment Style View

If you are a dividend investor, dividend stocks declined in the last week by 1.8%, with the iShares Dividend price declining from $85.47 to $83.97.

In the latest week, mid cap stocks outpaced both small cap and large cap stocks. Mid-cap stocks decreased by 1.6% for the week while large-cap stocks decreased by 2.2% and small-cap stocks decreased by 2.4%.

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 -1.6% vs. -2.8%. Mod-cap value stocks outperformed Mid-cap growth stocks this week -2.1% vs. -2.4%. Small-cap growth stocks outperformed Small-cap value stocks this week -2.5% vs. -3.2%.

Sector View

As stated above, this was almost, not quite an across-the-board decline for the markets. There was one sector that kept it from being a complete drop.

The sector that eeked out a slight increase for the week, was one of the sectors that increased last week. The Materials sector increased by a very modest 0.14% for the week after the 0.54% gain last week.

The 3 sectors with the largest decline last week week were the Energy sector (-6.64%), the Information Technology sector (-4.2%) and the Communication Services sector (-3.2%) with the other sectors averaging a decline of 1.5%. Overall if you have a set-it-and-forget-it type of portfolio strategy, you lost this week.



Earnings Roundup

This was a very light earnings week with only 136 companies reporting earnings this week. Here are a few of the highlights:

  • The Kroger Co. (KR) announced earnings after the market close on 2020-09-11. Earnings came in at $0.73 the analyst consensus was $0.51, a difference of $0.22 per share. Revenue estimates were $30,058M but came in at $30,489M, a difference of $431M. Shares closed the prior day at $34.74 a share and closed the day at $34.37 a decline of -1.1%.
  • Lululemon Athletica. (LULU) announced earnings after the market close on 2020-09-08. Earnings came in at $0.74 the analyst consensus was $0.56, a difference of $0.18 per share. Revenue estimates were $857M but came in at $903M, a difference of $46M. Shares closed the prior day at $349.80 a share and closed the day at $323.93 a decline of -7.4%.
  • Oracle Corporation. (ORCL) announced earnings after the market close on 2020-09-10. Earnings came in at $0.93 the analyst consensus was $0.86, a difference of $0.07 per share. Revenue estimates were $9,149M but came in at $9,368M, a difference of $219M. Shares closed the prior day at $57.33 a share and closed the day at $57.00 a decline of -0.6%.
  • Peloton Interactive. (PTON) announced earnings after the market close on 2020-09-10. Earnings came in at $0.27 the analyst consensus was $0.10, a difference of $0.17 per share. Revenue estimates were $574M but came in at $607M, a difference of $33M. Shares closed the prior day at $87.75 a share and closed the day at $84.04 a decline of -4.2%.


Dividend Payments

We've resumed the updates of this section after getting a new update of this data

  • Brookfield Property Partners L (BPY) paid a dividend of $0.33 on 2020-08-28. The stock closed at $11.9 giving an estimated yield of 11.2%.

The Week Ahead

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

  • Monday:
  • Tuesday: The Bureau of Labor Statistics (BLS) reports export and import prices for August, with an expectation of an increase of 0.4% in export prices and a 0.8% increase in import prices.
  • Wednesday: The Census Bureau releases retail sales for August, with an expected increase of 1.3% after the 1.2% increase from July.
  • Thursday: The Census Bureau releases the residential construction data for August with an expected seasonally adjust rate of 1.44 million units, down from 1.5 million in July.
  • Friday: The Conference Board releases its Leading Economic Index for August, with an expected 1.3% rise, roughly even with July.

This weeks earnings releases to watch are:

  • Monday: Lennar
  • Tuesday: Adobe, FedEx
  • Wednesday:
  • Thursday:
  • 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.