The post-election plus hope of coronavirus vaccine growth spurt continued again this week after the holiday and shortened day on Friday. The week featured the Dow breaking thru 30,000 and expansion of all of the major indexes for the year.

All 3 major indexes were up for the week ended 2020-11-27. The Dow Jones Industrial average ended the week at 29,910 an increase of 2.2%. The broader S&P 500 index ended the week at 3,638 an increase of 2.3%. The Nasdaq 100 ended the week at 12,258 an increase of 3.0%. The average change for the major averages was up 2.48%.

This weeks' performance pushed all of the major indexes higher for the year. The lagging Dow Jones Industrial closed the week up 4.8% for the year, the S&P 500 closed the week at +12.6% for the year and the (crazy) Nasdaq index is now up a lofty 36.6% for the year.

Investment Style View

If you are a dividend investor, dividend stocks increased in the last week by 3.7%, with the iShares Dividend price climbing from $92.28 to $95.67.

In the latest week, small cap stocks outpaced both large cap and large cap stocks. Small-cap stocks increased by 3.1% for the week while large-cap stocks increased by 1.4% and mid-cap stocks increased by 1.9%.

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 value stocks of all 3 capitalization groups outperformed the growth stocks. Large-cap value stocks outperformed large-cap growth stocks 3.3% as compared to 2.5%. Mid-cap value stocks outperformed mid-cap growth stocks 3.5% as compared to 2.4%. Finally, Small-cap value stocks outperformed small-cap growth stocks 5.0% as compared to 3.2%.

Sector View

This was yet another week where every sector had a gain for the week. There were a few sectors that barely made it into positive territory, but all 11 sectors increased for the week.

The lone lagging sector that had a gain below 0.5% for the week was the Real Estate sector which had a 0.36% gain. The Utilities sector nearly doubled that with a gain of 0.61%.

The Energy sector lead the way again this week with the sector jumping 8.86%, well ahead of the Consumer Discretionary (+4.58%) and the Financial sectors (+4.32%). There were four other sectors that climbed between 2 and 3%: Industrials (+2.33%), Information Technology (+2.45%), Communication Services (+2.78%) and the Materials sector (+2.88%).

Please note, this coming week we will be releasing a set of pages that will be automatically updated every Saturday. This collection of pages will provide performance comparisons of each sector against the S&P500 over the last month and year and will also provide a set of investment style comparisons - like small-cap vs large-cap or dividends vs growth stocks. Stay tuned, this is looking pretty useful.



Earnings Roundup

This was a fairly light earnings week with a shortened session on Friday and no trading on Thursday for the Thanksgiving holiday, but there were some big releases this week anyway:

  • Deere & Company Incorporated. (DE) announced earnings after the market close on 2020-11-25. Earnings came in at $2.39 the analyst consensus was $1.44, a difference of $0.95 per share. Revenue estimates were $7,303M but came in at $8,659M, a difference of $1,356M. Shares closed the prior day at $261.51 a share and closed the day at $256.43 a decline of -1.9%.
  • Dell Technologies. (DELL) announced earnings after the market close on 2020-11-24. Earnings came in at $2.03 the analyst consensus was $1.39, a difference of $0.64 per share. Revenue estimates were $21,931M but came in at $23,521M, a difference of $1,590M. Shares closed the prior day at $70.33 a share and closed the day at $69.35 a decline of -1.4%.
  • Medtronic Plc (MDT) announced earnings after the market close on 2020-11-24. Earnings came in at $1.02 the analyst consensus was $0.78, a difference of $0.24 per share. Revenue estimates were $7,047M but came in at $7,647M, a difference of $600M. Shares closed the prior day at $110.97 a share and closed the day at $114.06 an increase of 2.8%.
  • Vmware, Inc. (VMW) announced earnings after the market close on 2020-11-24. Earnings came in at $1.66 the analyst consensus was $1.43, a difference of $0.23 per share. Revenue estimates were $2,807M but came in at $2,864M, a difference of $57M. Shares closed the prior day at $150.51 a share and closed the day at $141.69 a decline of -5.9%.


Dividend Payments

Now that our backend database has been fixed, here are some of the better dividend payments this past week.

  • Johnson & Johnson (JNJ) paid a dividend of $1.01 on 2020-11-23. The stock closed at $143.87 giving an estimated yield of 2.8%.
  • CSX Corp (CSX) paid a dividend of $0.26 on 2020-11-27. The stock closed at $91.29 giving an estimated yield of 1.1%.
  • Dow Inc (DOW) paid a dividend of $0.70 on 2020-11-27. The stock closed at $55.4 giving an estimated yield of 5.1%.
  • VOYA Financial Inc (VOYA) paid a dividend of $0.15 on 2020-11-27. The stock closed at $59.33 giving an estimated yield of 1.0%.

  • The Week Ahead

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

    • Monday: The National Association of Realtors releases its Pending Home Sales Index for October with economists expecting a decline of 1% compared to Septembers 2.2% decline.
    • Tuesday: The Census Bureau releases its Construction spending data for October with an expected 0.7% gain over September.
    • Wednesday: The Fed releases its Beige Book summarizing the nations economic conditions for the 12 regions of the country.
    • Thursday: The ISM releases its Services Purchasing Managers Index for November with an expectation of no change since October.
    • Friday: Bureau of Labor Statistics releases their jobs report for November with an estimated 700,000 jobs added after Octobers' 638,000

    This will be a lighter earnings release week with the US Markets being closed for Thanksgiving, but here is what we are looking for this week:

    • Monday: Zoom Video Communications
    • Tuesday: NetApp, SalesForce.com, Bank of Montreal
    • Wednesday: CrowdStrike Holdings, Snowflake
    • Thursday: DocuSign, Ulta Beauty
    • 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.