This week was highlighted by the 10-year bond yield continuing to push higher. The 10-year ended the week at 1.73% with the strongest move up coming on Thursday when it moved up from Wednesdays close of 1.64% to end the day on the 18th at 1.7475 after hitting a high of 1.753%. This move down put a lot of pressure on the Financial sector as well as the Real Estate sector, as the 'reopening trade' continued to put pressure on the technology sector which drove the markets to highs during the pandemic shut downs.

All 3 major indexes were down for the week ended 2021-03-19. The Dow Jones Industrial average ended the week at 32,628 a decline of 0.5%. The broader S&P 500 index ended the week at 3,913 a decline of 0.8%. The Nasdaq 100 ended the week at 12,867 a decline of 0.5%. The average change for the major averages was down 0.59%.

With all three major indexes coming off of recent highs, the pull back this week moved all of these indexes down for the year. The Dow Jones Industrial still leads the way this year with a YTD gain of 6.6% and the S&P500 is up 4.2%. The pressure on the technology sectors this week pushed the Nasdaq Composite down by 0.2% year to date.

Investment Style View

If you are a dividend investor, dividend stocks declined in the last week by 0.8%, with the iShares Dividend price declining from $115.07 to $114.11

In the latest week, large cap stocks outpaced both small cap and mid cap stocks. Large cap stocks decreased by 0.3% for the week while mid-cap stocks decreased by 0.4% and small-cap stocks decreased by 1.5%.

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 -0.5% as compared to -1.7%. Mid-cap value stocks outperformed mid-cap growth stocks -1.1% as compared to -1.2%. Finally, Small-cap value stocks outperformed small-cap growth stocks -1.7% as compared to -2.7%.

Sector View

There was no mix again this week with every sector losing ground this week, but with the Energy sector getting slammed this week with a very big decline. The Energy sector lead the way down with the sector declining by 8.33%.

Since there were no sectors that gained this past week, the ones that lost the least were: Communications Services (-0.04%), the Healthcare sector (-0.26%), and the Consumer Discretionary sector (-0.54%).

Besides the Energy sector decline mentioned above, the Financial sector got hit hard this week losing 2.07%. The Real Estate sector ended the week at -1.96% and the Information Technology sector declined by 1.7% for an across the board weak 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.



Winners/Losers This Week

Biggest gainers for each Index:

  • S&P 500: HIG - Hartford Financial Svc.Gp. - LastClose: $67.68 - Prev Close: $55.45 - Change: 22.06%
  • Dow: AMGN - Amgen Inc - LastClose: $245.94 - Prev Close: $230.36 - Change: 6.76%
  • Nasdaq: NXPI - NXP Semiconductors N.V. Common Stock - LastClose: $202.04 - Prev Close: $183.47 - Change: 10.12%

Biggest losses for each Index:

  • S&P 500: NOV - NOV Inc. - LastClose: $14.64 - Prev Close: $16.70 - Change: -12.34%
  • Dow: V - Visa Inc - LastClose: $206.90 - Prev Close: $224.36 - Change: -7.78%
  • Nasdaq: PDD - Pinduoduo Inc. American Depositary Shares - LastClose: $141.80 - Prev Close: $161.06 - Change: -11.96%


Earnings Roundup

Earnings season is starting to slow down with fewer big names releasing quarterly earnings. This week had 312 earnings reports. Below are a few of the larger ones:

  • Crowdstrike Holdings. (CRWD) announced earnings after the market close on 2021-03-16. Earnings came in at $0.13 the analyst consensus was $0.09, a difference of $0.04 per share. Revenue estimates were $251M but came in at $265M, a difference of $14M. Shares closed the prior day at $196.31 a share and closed the day at $208.03 an increase of 6.0%.
  • Dollar General Corporation. (DG) announced earnings after the market close on 2021-03-18. Earnings came in at $2.62 the analyst consensus was $2.71, a difference of $-0.09 per share. Revenue estimates were $8,276M but came in at $8,415M, a difference of $139M. Shares closed the prior day at $187.51 a share and closed the day at $178.80 a decline of -4.6%.
  • Fedex Corporation. (FDX) announced earnings after the market close on 2021-03-18. Earnings came in at $3.47 the analyst consensus was $3.21, a difference of $0.26 per share. Revenue estimates were $19,971M but came in at $21,510M, a difference of $1,539M. Shares closed the prior day at $263.51 a share and closed the day at $279.58 an increase of 6.1%.
  • Nike, Inc. (NKE) announced earnings after the market close on 2021-03-18. Earnings came in at $0.90 the analyst consensus was $0.75, a difference of $0.15 per share. Revenue estimates were $10,946M but came in at $10,357M, a difference of $-589M. Shares closed the prior day at $143.17 a share and closed the day at $137.49 a decline of -4.0%.


Dividend Payments

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

  • H&R Block (HRB) paid a dividend of $0.26 on 2021-03-15. The stock closed at $20.86 giving an estimated yield of 5.0%.
  • Mercury General Corp (MCY) paid a dividend of $0.63 on 2021-03-16. The stock closed at $59.88 giving an estimated yield of 4.2%.
  • Mannatech Inc (MTEX) paid a dividend of $0.16 on 2021-03-15. The stock closed at $18.22 giving an estimated yield of 3.5%.
  • Public Storage (PSA) paid a dividend of $2.00 on 2021-03-15. The stock closed at $242.48 giving an estimated yield of 3.3%.

  • International Markets

    Below are moves in overseas markets this week:

  • Nikkei: +0.2% for the week, +8.6% YTD
  • Shanghai: -1.4%, -2.0%
  • DAX: +0.8%, +6.6%
  • FTSE: -0.8%, +2.3%
  • CAC: -0.8%, +8.0%
  • The Week Ahead

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

    • Monday: the National Association of Realtors reports on existing home sales for February with the expectation of a small increase over January with a seasonally adjusted annual rate of 6.55 million units.
    • Tuesday: The Census Bureau reports on new single-family home sales with an expected 900,000 homes sold, slightly lower than January.
    • Wednesday: The Census Bureau reports on durable goods for February with an expected increase of 0.5% over January.
    • Thursday: The Bureau of Economic Analysis reports its final Q4 2020 GDP estimate, which is anticipated to be the same as previously reported at 4.1%
    • Friday: Personal income and spending gets reported by the Bureau of Economic Analysis with income expected to decline by 7.5% compared to January and spending is expected to be flat.

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

    • Monday:
    • Tuesday: Adobe, IHS Markit, GameStop
    • Wednesday: General Mills
    • 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.