This was another record-setting week with all of the major indexes notching gains for the week. Last week was highlighted by worries related to the growing yield on the US 10-yr rate, which continued to grow, ending the week at 1.625%, well above last weeks' close of 1.554% - and in spite of 'continued inflation fears', the market indexes all increased this week. There was pressure on the Nasdaq and the big technology stocks all week, but the Nasdaq Composite still ended the week higher.

All 3 major indexes were up for the week ended 2021-03-12. The Dow Jones Industrial average ended the week at 32,779 an increase of 4.1%. The broader S&P 500 index ended the week at 3,943 an increase of 2.6%. The Nasdaq 100 ended the week at 12,937 an increase of 2.1%. The average change for the major averages was up 2.94%.

The Dow Jones Industrial Average, after lagging behind the other major indexes for all of 2020, the current situation has turned it into the leader, now up 7.1% for the year. As indicated above, the Nasdaq was pressured all week, but is currently positive for the year at +0.4%, with the S&P 500 sitting at +5.0% for the year-to-date.

Investment Style View

If you are a dividend investor, dividend stocks increased in the last week by 4.3%, with the iShares Dividend price climbing from $110.34 to $115.07.

In the latest week, small cap stocks outpaced both large cap and large cap stocks. Small-cap stocks increased by 5.5% for the week while large-cap stocks increased by 2.5% and mid-cap stocks increased by 3.2%.

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 growth stocks of all 3 capitalization groups outperformed the value stocks. Large-cap growth stocks outperformed large-cap value stocks 3.4% as compared to 2.6%. Mid-cap growth stocks outperformed mid-cap value stocks 3.4% as compared to 4.4%. Finally, Small-cap growth stocks outperformed small-cap value stocks 6.0% as compared to 5.3%.

Sector View

There was no mixture this week with all of the sectors gaining this week. The Energy sector, despite being the laggard this week, continues to notch gains. The sector has been climbing steadily since the election in November.

The sectors which grew the LEAST this week were: Energy (+1.33%), Communication Services (+2.01%) and the Healthcare sector (+2.07%).

The big gains this week came in the Consumer Discretionary sector (+6.41%), Real Estate (+5.49%) and the Materials sector (+5.03%).

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.



Winners/Losers This Week

Biggest gainers for each Index:

  • S&P 500: ViacomCBS - LastClose: $94.94 - Prev Close: $74.24 - Change: 27.88%
  • Dow: Boeing Co - LastClose: $269.19 - Prev Close: $223.22 - Change: 20.59%
  • Nasdaq: Tesla, Inc. Common Stock - LastClose: $693.73 - Prev Close: $597.95 - Change: 16.02%

Biggest losses for each Index:

  • S&P 500: Apache Corporation - LastClose: $21.23 - Prev Close: $23.25 - Change: -8.69%
  • Dow: Coca-Cola Co - LastClose: $50.36 - Prev Close: $50.79 - Change: -0.85%
  • Nasdaq: JD.com, Inc. American Depositary Shares - LastClose: $84.02 - Prev Close: $90.62 - Change: -7.28%


Earnings Roundup

There were nearly 500 earnings releases this week, but this earnings season is closer to the end. Some of the big names announcing earnings this week:

  • Docusign Inc. (DOCU) announced earnings after the market close on 2021-03-11. Earnings came in at $0.37 the analyst consensus was $0.22, a difference of $0.15 per share. Revenue estimates were $407M but came in at $431M, a difference of $24M. Shares closed the prior day at $225.22 a share and closed the day at $210.34 a decline of -6.6%.
  • Jd.com, Inc. (JD) announced earnings after the market close on 2021-03-11. Earnings came in at $0.23 the analyst consensus was $0.22, a difference of $0.01 per share. Revenue estimates were $33,048M but came in at $34,380M, a difference of $1,332M. Shares closed the prior day at $89.33 a share and closed the day at $90.01 an increase of 0.8%.
  • Oracle Corporation. (ORCL) announced earnings after the market close on 2021-03-10. Earnings came in at $1.16 the analyst consensus was $1.11, a difference of $0.05 per share. Revenue estimates were $10,056M but came in at $10,086M, a difference of $30M. Shares closed the prior day at $72.12 a share and closed the day at $67.41 a decline of -6.5%.
  • Stoneco Ltd. (STNE) announced earnings after the market close on 2021-03-11. Earnings came in at $0.19 the analyst consensus was $0.20, a difference of $-0.01 per share. Revenue estimates were $174M but came in at $186M, a difference of $11M. Shares closed the prior day at $76.41 a share and closed the day at $71.79 a decline of -6.0%.


Dividend Payments

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

  • Pimco Corporate (PCN) paid a dividend of $0.11 on 2021-03-10. The stock closed at $17.04 giving an estimated yield of 7.9%.
  • Iron Mountain Inc (IRM) paid a dividend of $0.62 on 2021-03-12. The stock closed at $36.87 giving an estimated yield of 6.7%.
  • PPL Corp (PPL) paid a dividend of $0.42 on 2021-03-09. The stock closed at $27.28 giving an estimated yield of 6.1%.
  • TFS Financial Corp (TFSL) paid a dividend of $0.28 on 2021-03-08. The stock closed at $21.45 giving an estimated yield of 5.2%.

  • International Markets

    Below are moves in overseas markets this week:

  • Nikkei: +3.0% for the week, 8.3% YTD
  • Shanghai: -1.4%, -0.6%
  • DAX: +4.2%, +5.7%
  • FTSE: +2.0%, +3.1%
  • CAC: +4.6%, +8.9%
  • The Week Ahead

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

    • Monday: The Federal Reserve Bank of NY releases its Empire State Manufacturing survey for March. The expected reading is 16.5, well above Februarys 12.1 reading.
    • Tuesday: The Census Bureau releases its retail sales data for February with an expected 0.7% month-over-month decline from January.
    • Wednesday: The Census Bureau releases residential construction data for February, with an estimate in line with Januarys 1.57 million units.
    • Thursday: Initial Jobless claims are reported by the Department of Labor.
    • Friday: the Bank of Japan announces its monetary policy decision, with no change expected from the current rate of -0.1%.

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

    • Monday:
    • Tuesday: CrowdStrike Holdings, Lennar
    • Wednesday: Cintas, Five Below
    • Thursday: FedEx, Dollar General, Nike
    • 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.