Finally that terrible year is over with all of our hopes for a better 2021. The year closed pretty quietly with very few earnings announcements and not a lot happening in the news or in Washington that moved the markets any more than the normal year-end stuff. We DID end the year on a high note to cap a pretty miraculous year considering how the economy has been partially shut down for most of the year.

All 3 major indexes were up for the week ended 2020-12-31. The Dow Jones Industrial average ended the week at 30,606 an increase of 1.3%. The broader S&P 500 index ended the week at 3,756 an increase of 1.4%. The Nasdaq 100 ended the week at 12,888 an increase of 1.4%. The average change for the major averages was up 1.39%.

With all of the major indexes ending up for the week, they've all ended the year with gains. The index that most people watch, the S&P500 ended the year with a 16.3% gain while the Dow Jones Industrial Average lagged, but gained 7.2% for the year and the Nasdaq Composite ended the year with a 43.6% gain. We think that that will difficult if not impossible to beat in 2021.

Investment Style View

If you are a dividend investor, dividend stocks increased in the last week by 1.1%, with the iShares Dividend price climbing from $95.18 to $96.18.

In the latest week, large cap stocks outpaced both small cap and mid cap stocks. Large cap stocks increased by 1.4% for the week while mid-cap stocks increased by 0.6% and small-cap stocks decreased 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, the value stocks of all 3 capitalization groups outperformed the growth stocks. Large-cap value stocks outperformed large-cap growth stocks 1.3% as compared to 0.7%. Mid-cap value stocks outperformed mid-cap growth stocks 0.9% as compared to -1.5%. Finally, Small-cap value stocks outperformed small-cap growth stocks 0.4% as compared to -3.0%.

Sector View

All but one sector ended the week/year on a high note with 10 of the 11 sectors gaining for the week.

Once again, the Energy sector took a hit this week, albeit a significantly smaller hit. The sector lost 0.59% for the week, which is now 3 weeks in a row with a drop.

The Utilities sector had the biggest gain for the week ending with a strong 2.24% gain for the week. Six other sectors notched gains of at least 1% for the week. The Financials (+1.54%), Communication Services (+1.4%), Real Estate (+1.28%), Consumer Discretionary (+1.1%), the Materials (+1.1%) and Consumer Staples (+1.07%) sectors all gained more than 1% for the week.

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

Earnings Roundup

There were very few earnings reports this week and the data that we did receive we felt was/is incomplete so we are not going to highlight any reports this week.

Dividend Payments

Here are some of the bigger dividends reported this week:

  • Cross Timbers Royalty Trust (CRT) paid a dividend of $0.06 on 2020-12-30. The stock closed at $8.24 giving an estimated yield of 9.1%.
  • Pembina Pipeline Cor (PBA) paid a dividend of $0.16 on 2020-12-30. The stock closed at $23.64 giving an estimated yield of 8.2%
  • Rand Capital Cp (RAND) paid a dividend of $1.33 on 2020-12-30. The stock closed at $18.1453 giving an estimated yield of 7.3%.
  • Essential Properties Realty Trust Inc (EPRT) paid a dividend of $0.24 on 2020-12-30. The stock closed at $20.96 giving an estimated yield of 4.6%.

  • The Week Ahead

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

    • Monday: The Census Bureau reports on November construction spending with a 1% increase forecasted by economists.
    • Tuesday: Georgia special election for control of the senate. This election will have real impact on the markets based on the results.
    • Wednesday: ADP releases their national employment report for December with a forecasted gain of 200,000 jobs after Novembers' increase of 307,000
    • Thursday: The Department of Labor releases their continuing jobless claims number for the week ended 12/26.
    • Friday: The Bureau of Labor Statistics releases their December jobs report with an estimated increase of 114,000 jobs after increasing by 245,000 in November.

    This will be a very light earnings week this week:

    • Monday:
    • Tuesday:
    • Wednesday:
    • Thursday: Conagra Brands, Constellation Brands, Micron Technology
    • 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 & 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.