The market eased a bit on Friday, but still ended the week up compared to last week. Both houses of congress were working on a new stimulus deal, initial unemployment filings increased again this past week, coronavirus cases continue to climb, fights are increasing regarding more pandemic related closures and the vaccines started to roll out -- so there's actually a lot going on affecting the market. But all 3 major indexes climbed this past week.

All 3 major indexes were up for the week ended 2020-12-18. The Dow Jones Industrial average ended the week at 30,179 an increase of 0.4%. The broader S&P 500 index ended the week at 3,709 an increase of 1.3%. The Nasdaq 100 ended the week at 12,738 an increase of 2.9%. The average change for the major averages was up 1.54%.

With all three of the major indexes up this week, obviously the year-to-date picture has improved. The Nasdaq composite is up an astounding 42% year-to-date while the S&P500 is up 14.8% for the year and the lagging Dow Jones Industrial is up 5.7% for the year.

Investment Style View

If you are a dividend investor, dividend stocks declined in the last week by 1.5%, with the iShares Dividend price declining from $96.59 to $95.14.

In the latest week, mid cap stocks outpaced both small cap and large cap stocks. Mid-cap stocks increased by 1.2% for the week while large-cap stocks increased by 1.2% and small-cap stocks increased by 1.1%.

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 2.8% as compared to -1.1%. Mid-cap growth stocks outperformed mid-cap value stocks 4.5% as compared to -1.3%. Finally, Small-cap growth stocks outperformed small-cap value stocks 4.9% as compared to 0.6%.

Sector View

The sector view this week is an interesting one. 4 sectors declined for the week, with one of them barely moving and 7 increased with two of those barely moving. The Communication Services, Industrials and Financial sectors all barely moved this week.

The Energy sector took a tumble this week with the sector dropping 4.7%. The Real Estate and Utilities sectors declined, but 'only' 0.56% and 0.47% respectively.

The two sectors that jumped, driving the indexes this week were the Consumer Discretionary sector (+3.52%) and the Information Technology sector (+3.39%). Also having a good week were the Materials and Healthcare sectors which were up 1.3% and 1.18% respectively.

Be sure to check our yearly sector charts in the navigation on the right (desktop) or below (on your phone).



Earnings Roundup

Another fairly light earnings week this week as we come towards the end of earnings season and the year, but there were still 83 companies that reported this week. Some of the highlight companies:

  • Fedex Corporation (FDX) announced earnings after the market close on 2020-12-17. Earnings came in at $4.83 the analyst consensus was $3.90, a difference of $0.93 per share. Revenue estimates were $19,327M but came in at $20,563M, a difference of $1,236M. Shares closed the prior day at $292.26 a share and closed the day at $275.57 a decline of -5.7%.
  • General Mills, Inc (GIS) announced earnings after the market close on 2020-12-17. Earnings came in at $1.06 the analyst consensus was $0.97, a difference of $0.09 per share. Revenue estimates were $4,671M but came in at $4,719M, a difference of $48M. Shares closed the prior day at $58.92 a share and closed the day at $59.70 an increase of 1.3%.
  • Lennar Corporation (LEN) announced earnings after the market close on 2020-12-16. Earnings came in at $2.82 the analyst consensus was $2.38, a difference of $0.44 per share. Revenue estimates were $6,544M but came in at $6,826M, a difference of $282M. Shares closed the prior day at $74.29 a share and closed the day at $79.95 an increase of 7.6%.
  • Carnival Corporation (CCL) announced earnings after the market close on 2020-12-18. Earnings came in at $0.00 the analyst consensus was $-1.81, a difference of $1.81 per share. Revenue estimates were $151M but came in at $0M, a difference of $-151M. Shares closed the prior day at $21.63 a share and closed the day at $21.46 a decline of -0.8%


Dividend Payments

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

  • Iron Mountain Inc (IRM) paid a dividend of $0.62 on 2020-12-14. The stock closed at $29.27 giving an estimated yield of 8.5%.
  • British American Tobacco Industries (BTI) paid a dividend of $0.67 on 2020-12-17. The stock closed at $38.13 giving an estimated yield of 7.0%.
  • Redwood Trust (RWT) paid a dividend of $0.14 on 2020-12-16. The stock closed at $8.77 giving an estimated yield of 6.4%.
  • Comerica Inc (CMA) paid a dividend of $0.68 on 2020-12-14. The stock closed at $51.82 giving an estimated yield of 5.2%.

  • The Week Ahead

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

    • Monday:
    • Tuesday: The Conference Board releases its Consumser Confidence Survey, with the expectation of an increase to 97, from 96.1.
    • Wednesday: The University of Michigan releases its final reading on Consumer Sentiment for the December with economists expecting a decline to 76.9 from the preliminary 81.4 reading earlier in the month.
    • Thursday: Shortened trading day for Christmas Eve
    • Friday: Markets are closed for Christmas

    This will be a very light earnings week this week:

    • Monday: FactSet Research
    • Tuesday: CarMax
    • 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.