This past week gave back some of this years gains with all but one sector declining this week with nine of those sectors declining by over 1%. Much of the concern regarding the financial markets was focused on the 10-year Treasury yield which increased to 1.4% by Friday's close, but was as high as 1.56% on Thursday. Thursdays initial jobless claims was a bit of an afterthought with a decline in initial filings in the previous weeks President's Day shortened week.

All 3 major indexes were down for the week ended 2021-02-26. The Dow Jones Industrial average ended the week at 30,932 a decline of 1.8%. The broader S&P 500 index ended the week at 3,811 a decline of 2.4%. The Nasdaq 100 ended the week at 12,909 a decline of 4.9%. The average change for the major averages was down 3.06%.

The decline in all three indexes dropped the YTD gains down to 1.1% for the Dow Jones, 1.5% for the S&P and a barely positive 0.2% for the Nasdaq Composite.

Investment Style View

If you are a dividend investor, dividend stocks declined in the last week by 0.4%, with the iShares Dividend price declining from $105.53 to $105.08

In the latest week, small cap stocks outpaced both large cap and large cap stocks. Small-cap stocks decreased by 0.9% for the week while large-cap stocks decreased by 2.2% and mid-cap stocks decreased by 1.8%.

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 value stocks of all 3 capitalization groups outperformed the growth stocks. Large-cap value stocks outperformed large-cap growth stocks -0.9% as compared to -5.1%. Mid-cap value stocks outperformed mid-cap growth stocks -0.0% as compared to -5.6%. Finally, Small-cap value stocks outperformed small-cap growth stocks 1.3% as compared to -6.5%.

Sector View

As mentioned above, this wasn't a terribly mixed week in spite of the one sector that gained this week.

The Energy Sector continued to increase largely because of higher energy prices which drove the sector up by 4% this week. This was the fourth week in a row with the sector gaining with a strong run since a low point at the end of October. The sector has gained nearly 70% since then.

Sector declines were lead by the Utilities sector (-5.17%), the Information Technology sector (-4.62%) and the Consumer Discretionary sector (-4.34%). The sector that was closest to breakeven was the Financial sector which ended the week at -0.19%.

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

This was a big week for earnings releases with over 900 companies reporting earnings. Here are some of the highlights.:

  • Anheuserbusch Inc. (BUD) announced earnings after the market close on 2021-02-25. Earnings came in at $0.00 the analyst consensus was $1.26, a difference of $-1.26 per share. Revenue estimates were $12,375M but came in at $0M, a difference of $-12,375M. Shares closed the prior day at $65.25 a share and closed the day at $60.11 a decline of -7.9%.
  • Salesforce.com, Inc. (CRM) announced earnings after the market close on 2021-02-25. Earnings came in at $1.04 the analyst consensus was $0.75, a difference of $0.29 per share. Revenue estimates were $5,676M but came in at $5,817M, a difference of $141M. Shares closed the prior day at $231.08 a share and closed the day at $216.50 a decline of -6.3%.
  • The Home Depot, Corporation. (HD) announced earnings after the market close on 2021-02-23. Earnings came in at $2.74 the analyst consensus was $2.63, a difference of $0.11 per share. Revenue estimates were $30,655M but came in at $32,261M, a difference of $1,606M. Shares closed the prior day at $275.85 a share and closed the day at $267.24 a decline of -3.1%.
  • Nvidia Corporation. (NVDA) announced earnings after the market close on 2021-02-24. Earnings came in at $3.10 the analyst consensus was $2.80, a difference of $0.30 per share. Revenue estimates were $4,825M but came in at $5,003M, a difference of $178M. Shares closed the prior day at $579.96 a share and closed the day at $532.30 a decline of -8.2%.
  • Airbnb, Inc. (ABNB) announced earnings after the market close on 2021-02-25. Earnings came in at $-10.88 the analyst consensus was $-9.18, a difference of $-1.70 per share. Revenue estimates were $741M but came in at $859M, a difference of $118M. Shares closed the prior day at $182.06 a share and closed the day at $206.35 an increase of 13.3%.
  • Dell Technologies Inc. (DELL) announced earnings after the market close on 2021-02-25. Earnings came in at $2.70 the analyst consensus was $2.19, a difference of $0.51 per share. Revenue estimates were $24,481M but came in at $26,148M, a difference of $1,667M. Shares closed the prior day at $79.68 a share and closed the day at $81.07 an increase of 1.7%.
  • Hsbc Holdings. (HSBC) announced earnings after the market close on 2021-02-23. Earnings came in at $0.15 the analyst consensus was $0.00, a difference of $0.15 per share. Revenue estimates were $0M but came in at $11,824M, a difference of $11,824M. Shares closed the prior day at $29.98 a share and closed the day at $29.85 a decline of -0.4%.
  • Lowes Companies. (LOW) announced earnings after the market close on 2021-02-24. Earnings came in at $1.33 the analyst consensus was $1.22, a difference of $0.11 per share. Revenue estimates were $19,542M but came in at $20,311M, a difference of $769M. Shares closed the prior day at $168.59 a share and closed the day at $162.31 a decline of -3.7%.


Dividend Payments

Here are some of the bigger dividends reported this week:

  • Spark Energy (SPKE) paid a dividend of $0.18 on 2021-02-26. The stock closed at $9.97 giving an estimated yield of 7.3%.
  • PBF Logistics LP (PBFX) paid a dividend of $0.30 on 2021-02-24. The stock closed at $13.01 giving an estimated yield of 9.2%.
  • Dow Inc (DOW) paid a dividend of $0.70 on 2021-02-25. The stock closed at $61.35 giving an estimated yield of 4.6%.
  • Unilever Plc (UL) paid a dividend of $0.51 on 2021-02-25. The stock closed at $53.81 giving an estimated yield of 3.8%.

  • International Markets

    Below are moves in overseas markets this week:

  • Nikkei: -3.5% for the week, +5.5% YTD
  • Shanghai: -5.1%, +1.0%
  • DAX: -1.5%, +0.5%
  • FTSE: -2.1%, -1.1%
  • CAC: -1.2%, +2.7%
  • The Week Ahead

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

    • Monday: The Census Bureau reports on construction spending for January. Economists are expecting a seasonally adjusted $1.5 Trillion, or a 0.6% increase over December.
    • Tuesday:
    • Wednesday: ADP releases its National Labor Report for February with an estimated gain of 230,000 private sector jobs after January's 174,000 increase.
    • Thursday:
    • Friday: The Bureau of Labor Statistics releases their February jobs report with an economist expectation of +200,000 nonfarm jobs after January's modest 49,000 increase.

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

    • Monday: Zoom Video Communications, NRG Energy
    • Tuesday: Autozone, Ross Stores, Target
    • Wednesday: Dollar Tree, Okta, Snowflake
    • Thursday: Cooper Cos, Costco Wholesale, Kroger
    • 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.