Well it was certainly an interesting week to say the least. News other than financial and business news made the most headlines this past week with a love fest in Washington on Wednesday and a renewed news cycle focusing on the various technology and social media platforms. It should be an interesting ride for the next few weeks. Not even a not-so-great job report had any real impact on the markets or even the news cycle.

All 3 major indexes were up for the week ended 2021-01-08. The Dow Jones Industrial average ended the week at 31,098 an increase of 1.6%. The broader S&P 500 index ended the week at 3,825 an increase of 1.8%. The Nasdaq 100 ended the week at 13,105 an increase of 1.7%. The average change for the major averages was up 1.71%.

Since this week started with the first trading day of the year and closed out as the first full week of trading for the year, the year-to-date and weekly performances for the indexes are the same.

Investment Style View

If you are a dividend investor, dividend stocks increased in the last week by 3.4%, with the iShares Dividend price climbing from $96.18 to $99.44.

In the latest week, small cap stocks outpaced both large cap and large cap stocks. Small-cap stocks increased by 4.3% for the week while large-cap stocks increased by 1.4% and mid-cap stocks increased by 3.0%.

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 2.6% vs. 1.7%. Mod-cap value stocks outperformed Mid-cap growth stocks this week 3.5% vs. 3.3%. Small-cap growth stocks outperformed Small-cap value stocks this week 5.8% vs. 4.9%.

Sector View

The major indexes were all up as were the majority of the sectors this first full week of the year. 8 of the 11 sectors rose this past week and 3 of them declined.

The biggest loser for this week was Real Estate which declined by 2.2% to start the year. Consumer Staples started things off down by 0.64% and the Utilities sector edged down by 0.17%.

The Energy sector came back strong from a 3 week slide to close out 2020 rising by 9.75% followed by the Materials sector, which was up 5.81%, the Financial sector, up by 4.86% and the Consumer Discretionary sector, which was up 4.36%

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



Earnings Roundup

There were fewer than 100 earnings releases this past week, here are some of the highlights:

  • Conagra Brands Corporation. (CAG) announced earnings after the market close on 2021-01-07. Earnings came in at $0.81 the analyst consensus was $0.73, a difference of $0.08 per share. Revenue estimates were $2,992M but came in at $2,995M, a difference of $4M. Shares closed the prior day at $35.73 a share and closed the day at $33.78 a decline of -5.5%.
  • Micron Technologies. (MU) announced earnings after the market close on 2021-01-07. Earnings came in at $0.78 the analyst consensus was $0.71, a difference of $0.07 per share. Revenue estimates were $5,729M but came in at $5,773M, a difference of $44M. Shares closed the prior day at $77.11 a share and closed the day at $79.11 an increase of 2.6%.
  • Constellation Brands. (STZ) announced earnings after the market close on 2021-01-07. Earnings came in at $3.09 the analyst consensus was $2.41, a difference of $0.68 per share. Revenue estimates were $2,271M but came in at $2,438M, a difference of $167M. Shares closed the prior day at $223.72 a share and closed the day at $228.87 an increase of 2.3%.
  • Walgreens Boots Alliance Inc. (WBA) announced earnings after the market close on 2021-01-07. Earnings came in at $1.22 the analyst consensus was $1.02, a difference of $0.20 per share. Revenue estimates were $34,929M but came in at $36,307M, a difference of $1,378M. Shares closed the prior day at $43.03 a share and closed the day at $45.26 an increase of 5.2%.


Dividend Payments

Here are some of the bigger dividends reported this week:

  • AT&T Inc (T) paid a dividend of $0.52 on 2021-01-08. The stock closed at $29.02 giving an estimated yield of 7.2%.
  • Universal Corp (UVV) paid a dividend of $0.77 on 2021-01-08. The stock closed at $52.25 giving an estimated yield of 5.9%.
  • Eagle Bancorp Inc (EGBN) paid a dividend of $0.22 on 2021-01-07. The stock closed at $45.54 giving an estimated yield of 1.9%.
  • Cisco Systems Inc (CSCO) paid a dividend of $0.36 on 2021-01-04. The stock closed at $43.96 giving an estimated yield of 3.3%.

  • The Week Ahead

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

    • Monday:
    • Tuesday: The Bureau of Labor Statistics releases its Job Openings and Labor Turnover Survey for November.
    • Wednesday: The Treasury Department reports US Budget data for December.
    • Thursday:
    • Friday: The Census Bureau releases their report on retail-sales for December. Economists are forecasting a 0.1% rise over November after falling 1.1% in November.

    This will be a very light earnings week this week:

    • Monday:
    • Tuesday:
    • Wednesday: IHS Markit
    • Thursday: BlackRock, Delta Airlines, First Republic Bank
    • Friday: JP Morgan Chase, Wells Fargo, Citigroup

    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.