Christmas as a fairly quiet week for the US financial markets which translated to a fairly flat week across the major indexes.

The major indexes ended the week mixed for the week ended 2020-12-24. The Dow Jones Industrial average ended the week at 30,200 an increase of 0.1%. The broader S&P 500 index ended the week at 3,703 a decline of 0.2%. The Nasdaq 100 ended the week at 12,711 a decline of 0.2%. The average change for the major averages was down 0.11%.

With the Dow Jones Industrial average being the lone major index with an increase for the week, the year-to-date return increased from 5.7% to 5.8%. The modest declines in the Nasdaq and S&P500 indexes pushed their annual returns to 41.7% and 14.6% respectively.

Investment Style View

If you are a dividend investor, dividend stocks increased in the last week by 0.0%, with the iShares Dividend price climbing from $95.14 to $95.18.

In the latest week, small cap stocks outpaced both large cap and large cap stocks. Small-cap stocks increased by 1.1% for the week while large-cap stocks increased by 0.4% and mid-cap stocks increased by 0.2%.

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 value stocks outperformed large-cap growth stocks this week -0.4% vs. -0.8%. Mid-cap growth stocks outperformed Mid-cap value stocks this week 0.5% vs. 0.2%. Small-cap growth stocks outperformed Small-cap value stocks this week 2.8% vs. 0.6%.

Sector View

The sector view this week is an interesting one. The exact opposite of last week occured this past week --> this week 4 sectors increased for the week and 7 sectors declined for the week, one declined considerably.

The Energy sector took another fairly large decline this week, registering a decrease of 2.02%. The Utilities and Consumer Staples sectors also declined by 0.87% and 0.84% respectively.

The sectors that increased this week were; the Financials (+1.74%), Information Technology (+0.92%), Real Estate (+0.2%) and the Industrials sector (0.09%).

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



Earnings Roundup

This was an incredibly light earnings week this week with only a few companies reporting earnings by the close of the trading at 1:00 on Christmas Eve.

  • Cleanspark, Inc. (CLSK) announced earnings after the market close on 2020-12-22. Earnings came in at $0.00 the analyst consensus was $-0.24, a difference of $0.24 per share. Revenue estimates were $2M but came in at $0M, a difference of $-2M. Shares closed the prior day at $21.80 a share and closed the day at $25.70 an increase of 17.9%.
  • Cintas Corporation (CTAS) announced earnings after the market close on 2020-12-22. Earnings came in at $2.62 the analyst consensus was $2.18, a difference of $0.44 per share. Revenue estimates were $1,761M but came in at $1,757M, a difference of $-4M. Shares closed the prior day at $346.13 a share and closed the day at $348.00 an increase of 0.5%.
  • Calavo Growers, Inc. (CVGW) announced earnings after the market close on 2020-12-21. Earnings came in at $0.34 the analyst consensus was $0.62, a difference of $-0.28 per share. Revenue estimates were $253M but came in at $234M, a difference of $-19M. Shares closed the prior day at $72.27 a share and closed the day at $66.36 a decline of -8.2%.
  • Paychex, Inc. (PAYX) announced earnings after the market close on 2020-12-23. Earnings came in at $0.73 the analyst consensus was $0.66, a difference of $0.07 per share. Revenue estimates were $953M but came in at $984M, a difference of $31M. Shares closed the prior day at $96.63 a share and closed the day at $94.40 a decline of -2.3%.


Dividend Payments

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

  • Seagate Tech Ord Shs (STX) paid a dividend of $0.67 on 2020-12-22. The stock closed at $63.71 giving an estimated yield of 4.2%.
  • Global Indemnity Plc (GBLI) paid a dividend of $0.25 on 2020-12-23. The stock closed at $27.5 giving an estimated yield of 3.6%.
  • Bank7 Corp (BSVN) paid a dividend of $0.11 on 2020-12-21. The stock closed at $13.94 giving an estimated yield of 3.2%.
  • Guaranty Bancshares Inc (GNTY) paid a dividend of $0.20 on 2020-12-24. The stock closed at $30.36 giving an estimated yield of 2.6%.

  • The Week Ahead

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

    • Monday: The Federal Reserve Bank of Dallas reports on Texas Manufacturing for December.
    • Tuesday: S&P CoreLogic releases the Case-Shiller US National Home Price Index for October, with economists forecasting a 7% year-over-year increase, equal to Septembers reading.
    • Wednesday: National Association of Realtors reports on Pending Home Sales for November with an expectedly flat reading vs. October.
    • Thursday: Full day of trading on the stock exchanges but fixed-income trading closes for the year at 2PM.
    • Friday: Stock & Bond Markets are Closed

    This will be a very light earnings week this week:

    • Monday:
    • Tuesday:
    • 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.