This was very much the roller-coaster week in the financial markets with a lot of intra-day hills and valleys. There was a lot of inflationary concerns and concern about the jump in the US 10-year rate which ended the week at 1.577%. Several market sell triggers across the trader-scape were hit this week as there were selloffs several times this week followed by climbs the next day. There's particular concern in the financial press and on-air regarding the technology stocks that have continually done well since the pandemic, but could have run ahead of themselves with higher P/E rates.

The major indexes ended the week mixed for the week ended 2021-03-05. The Dow Jones Industrial average ended the week at 31,496 an increase of 1.8%. The broader S&P 500 index ended the week at 3,842 an increase of 0.8%. The Nasdaq 100 ended the week at 12,669 a decline of 1.9%. The average change for the major averages was up 0.25%.

There was a shift in the year-to-date figures with the Nasdaq Composite now down on a year-to-date basis and the Dow Jones Industrials leading the way this year. The Nasdaq is now down 1.7% for the year, the Dow is up 2.9% and the S&P500 is up 2.3% for the year.

Investment Style View

If you are a dividend investor, dividend stocks increased in the last week by 5.0%, with the iShares Dividend price climbing from $105.08 to $110.34.

In the latest week, small cap stocks outpaced both large cap and large cap stocks. Small-cap stocks increased by 1.2% for the week while large-cap stocks increased by 0.3% and mid-cap stocks increased by 0.6%.

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 3.2% as compared to -3.7%. Mid-cap value stocks outperformed mid-cap growth stocks 4.2% as compared to -5.8%. Finally, Small-cap value stocks outperformed small-cap growth stocks 4.5% as compared to -6.1%.

Sector View

This was a very mixed week in sector performance with several sectors performing incredibly well and several not-so-much. The spread between the winning and losing sectors for the week was a massive 12.57%, which by any measure indicates that there's been a shift happening within the stock markets.

The Energy sector continues to lead the way up with a massive jump in the price of our tracking ETF. The Energy sector jump 10.32% this week leading 7 sectors up this week. The energy sector was followed by Financials (+4.1%), Materials (+2.8%), Industrials (+2.6%), and Utilities (+2.5%).

The flip side of the sectors that climbed this week was the Information Technology sector which helped to drive the Nasdaq negative for the year with a 2.25% decline. This was followed by the Consumer Discretionary sector (-1.98%), Healthcare sector (-1.5%) and the Real Estate sector (-0.99%) for a total of 4 declining sectors for the week.

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

There were nearly 500 earnings reports this week with a few big names in the mix including some technology and some retailers:

  • Broadcom Inc. (AVGO) announced earnings after the market close on 2021-03-04. Earnings came in at $6.61 the analyst consensus was $6.55, a difference of $0.06 per share. Revenue estimates were $6,609M but came in at $6,655M, a difference of $46M. Shares closed the prior day at $443.59 a share and closed the day at $450.14 an increase of 1.5%.
  • Costco Wholesale. (COST) announced earnings after the market close on 2021-03-04. Earnings came in at $2.14 the analyst consensus was $2.42, a difference of $-0.28 per share. Revenue estimates were $44,504M but came in at $44,769M, a difference of $265M. Shares closed the prior day at $319.04 a share and closed the day at $317.32 a decline of -0.5%.
  • Target Corporation. (TGT) announced earnings after the market close on 2021-03-02. Earnings came in at $2.67 the analyst consensus was $2.53, a difference of $0.14 per share. Revenue estimates were $27,513M but came in at $28,339M, a difference of $826M. Shares closed the prior day at $186.09 a share and closed the day at $173.49 a decline of -6.8%.
  • Zoom Video Communications. (ZM) announced earnings after the market close on 2021-03-01. Earnings came in at $1.22 the analyst consensus was $0.78, a difference of $0.44 per share. Revenue estimates were $809M but came in at $882M, a difference of $73M. Shares closed the prior day at $409.66 a share and closed the day at $372.79 a decline of -9.0%.
  • Nio Inc. (NIO) announced earnings after the market close on 2021-03-01. Earnings came in at $-0.14 the analyst consensus was $-0.14, a difference of $0.00 per share. Revenue estimates were $0M but came in at $1,018M, a difference of $1,018M. Shares closed the prior day at $49.76 a share and closed the day at $43.29 a decline of -13.0%.
  • Okta, Inc. (OKTA) announced earnings after the market close on 2021-03-03. Earnings came in at $0.06 the analyst consensus was $-0.01, a difference of $0.07 per share. Revenue estimates were $222M but came in at $235M, a difference of $13M. Shares closed the prior day at $241.22 a share and closed the day at $226.22 a decline of -6.2%.
  • Ross Stores, Inc. (ROST) announced earnings after the market close on 2021-03-02. Earnings came in at $0.67 the analyst consensus was $1.03, a difference of $-0.36 per share. Revenue estimates were $4,292M but came in at $4,250M, a difference of $-42M. Shares closed the prior day at $117.64 a share and closed the day at $111.05 a decline of -5.6%.
  • Snowflake Inc. (SNOW) announced earnings after the market close on 2021-03-03. Earnings came in at $-0.22 the analyst consensus was $-0.17, a difference of $-0.05 per share. Revenue estimates were $179M but came in at $190M, a difference of $12M. Shares closed the prior day at $247.03 a share and closed the day at $249.00 an increase of 0.8%.


Dividend Payments

Here are some of the bigger dividend yields reported this week:

  • Arbor Realty Trust (ABR) paid a dividend of $0.33 on 2021-03-02. The stock closed at $16.68 giving an estimated yield of 7.9%.
  • Kellogg Company (K) paid a dividend of $0.57 on 2021-03-01. The stock closed at $56.91 giving an estimated yield of 4.0%.
  • Exelon Corp (EXC) paid a dividend of $0.38 on 2021-03-05. The stock closed at $39.64 giving an estimated yield of 3.9%.
  • Viper Energy LP (VNOM) paid a dividend of $0.14 on 2021-03-03. The stock closed at $15.58 giving an estimated yield of 3.6%.

  • International Markets

    Below are moves in overseas markets this week:

  • Nikkei: +5.2% for the week, -0.4% YTD
  • Shanghai: +0.8%, -0.2%
  • DAX: +1.5%, +1.0%
  • FTSE: +1.1%, +2.3%
  • CAC: +4.2%, +1.4%
  • The Week Ahead

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

    • Monday:
    • Tuesday: The Small Business Optimism Index for February to be released with an estimated reading of 96.3, above Jauary's reading of 95.
    • Wednesday: The BLS releases its consumer price index for February with a forecast of +0.6% after January's increase of 0.3%
    • Thursday: The ECB announces its monetary policy with the expectation that they keep the deposit rate at -0.5%
    • Friday: The BLS releases its producer price index with economists expecting an increase of 0.2% in its core rate compared to the 1.2% increase in January.

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

    • Monday: Casey's General Stores, Stitch Fix
    • Tuesday:
    • Wednesday: Campbell Soup, Oracle
    • 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.