Yesterday ended the strongest week in the market in 3 months with all of the major indexes more than erasing last weeks mini-correction/slide. The week was highlighted by a largely ignored not-great jobs report (49,000 jobs added and a big drop to Decembers' number), this report was ignored. Also, Jeff Bezos stepped aside as the CEO with the head of AWS being named as his successor. Mr. Bezos will become non-executive chairman in charge of sitting and thinking up new stuff.

All 3 major indexes were up for the week ended 2021-02-05. The Dow Jones Industrial average ended the week at 31,148 an increase of 3.9%. The broader S&P 500 index ended the week at 3,887 an increase of 4.6%. The Nasdaq 100 ended the week at 13,604 an increase of 5.2%. The average change for the major averages was up 4.59%.

This reversal of last week also turned all 3 major indexes positive after 2 went negative last week. The Nasdaq composite is now up 5.6% for the year with the S&P 500 up 3.5% and the Dow Jones Industrial coming in behind at 1.8% for the year.

Investment Style View

If you are a dividend investor, dividend stocks increased in the last week by 4.9%, with the iShares Dividend price climbing from $96.72 to $101.49.

In the latest week, small cap stocks outpaced both large cap and large cap stocks. Small-cap stocks increased by 6.7% for the week while large-cap stocks increased by 3.5% and mid-cap stocks increased by 4.8%.

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 5.8% as compared to 3.7%. Mid-cap growth stocks outperformed mid-cap value stocks 6.2% as compared to 5.1%. Finally, Small-cap growth stocks outperformed small-cap value stocks 7.1% as compared to 5.8%.

Sector View

As previously mentioned, the view by sector this week is the opposite of last weeks'. All eleven of the sectors went up last week with the smallest gain being 1.74% in the Healthcare sector.

The energy sector lead the way this past week with the sector gaining 8.47% from Fridays' close followed by the Communication Services sector which grew 7.66%. Other big gains for the week were in the Financial sector (+6.97%), Information Technology (+5.58%), Consumer Discretionary (5.53%) and the Industrials sector (+5.44%)

Be sure to check our yearly sector charts in the navigation on the right (desktop) or below (on your phone). We will also launch comparison charts in these pages this week (vs S&P 500) and will launch several sector comparison pages as well.



Earnings Roundup

Another big earnings week this past week with several major market moving companies reporting earnings among the over 600 companies reporting this week. Some of the highlights:

  • Amazon.com, Inc. (AMZN) announced earnings after the market close on 2021-02-02. Earnings came in at $14.09 the analyst consensus was $7.05, a difference of $7.04 per share. Revenue estimates were $120,361M but came in at $125,555M, a difference of $5,194M. Shares closed the prior day at $3,380.00 a share and closed the day at $3,312.53 a decline of -2.0%.
  • Alibaba Group Holdings. (BABA) announced earnings after the market close on 2021-02-02. Earnings came in at $3.38 the analyst consensus was $3.11, a difference of $0.27 per share. Revenue estimates were $32,523M but came in at $33,883M, a difference of $1,360M. Shares closed the prior day at $264.69 a share and closed the day at $254.50 a decline of -3.8%.
  • Alphabet Inc. (GOOG) announced earnings after the market close on 2021-02-02. Earnings came in at $22.30 the analyst consensus was $15.91, a difference of $6.39 per share. Revenue estimates were $44,090M but came in at $46,432M, a difference of $2,342M. Shares closed the prior day at $1,927.51 a share and closed the day at $2,070.07 an increase of 7.4%.
  • Paypal Holdings. (PYPL) announced earnings after the market close on 2021-02-03. Earnings came in at $1.08 the analyst consensus was $1.00, a difference of $0.08 per share. Revenue estimates were $6,062M but came in at $6,116M, a difference of $54M. Shares closed the prior day at $251.90 a share and closed the day at $270.43 an increase of 7.4%.
  • Abbvie Inc. (ABBV) announced earnings after the market close on 2021-02-03. Earnings came in at $2.92 the analyst consensus was $2.85, a difference of $0.07 per share. Revenue estimates were $13,722M but came in at $13,858M, a difference of $136M. Shares closed the prior day at $103.47 a share and closed the day at $106.95 an increase of 3.4%.
  • Merck & Co., Inc. (MRK) announced earnings after the market close on 2021-02-04. Earnings came in at $1.32 the analyst consensus was $1.36, a difference of $-0.04 per share. Revenue estimates were $12,587M but came in at $12,514M, a difference of $-73M. Shares closed the prior day at $77.32 a share and closed the day at $76.03 a decline of -1.7%.
  • Pfizer Inc. (PFE) announced earnings after the market close on 2021-02-02. Earnings came in at $0.42 the analyst consensus was $0.46, a difference of $-0.04 per share. Revenue estimates were $11,012M but came in at $11,684M, a difference of $672M. Shares closed the prior day at $35.80 a share and closed the day at $34.99 a decline of -2.3%.
  • Exxon Mobil Corporation. (XOM) announced earnings after the market close on 2021-02-02. Earnings came in at $0.03 the analyst consensus was $0.01, a difference of $0.02 per share. Revenue estimates were $48,591M but came in at $46,540M, a difference of $-2,051M. Shares closed the prior day at $44.92 a share and closed the day at $45.63 an increase of 1.6%.


Dividend Payments

Here are some of the bigger dividends reported this week:

  • Sunoco LP (SUN) paid a dividend of $0.83 on 2021-02-05. The stock closed at $32.33 giving an estimated yield of 10.2%.
  • Archrock Inc (AROC) paid a dividend of $0.15 on 2021-02-05. The stock closed at $9.56 giving an estimated yield of 6.1%.
  • Hope Bancorp Inc (HOPE) paid a dividend of $0.14 on 2021-02-04. The stock closed at $11.795 giving an estimated yield of 4.7%.
  • Metlife Inc (MET) paid a dividend of $0.46 on 2021-02-04. The stock closed at $51.9 giving an estimated yield of 3.5%

  • The Week Ahead

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

    • Monday:
    • Tuesday: The BLS releases its Job Openings and Labor Turnover survey for December. The expectation is a 100,000 job increase compared to Novembers' 6.5 million.
    • Wednesday: Federal Reserve chairman Powell speaks to the Economic Council of NY
    • Thursday: the Department of Labor releases weekly jobless claims for the week ended 2/6 with weekly claims averaging 835K in both January and December.
    • Friday: the University of Michigan releases its Consumer Sentiment Index for February with a flat 79.5 reading expected.

    Earnings season continues this week with the following companies reporting this week:

    • Monday: Hasbro, Global Payments, Simon Property Group
    • Tuesday: Cisco Systems, DuPont, Twitter
    • Wednesday: Coca-Cola, General Motors, Uber Technologies
    • Thursday: Duke Energy, Expedia Group, Kellogg, Kraft-Heinz
    • Friday: Dominion Energy,

    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.