A surprisingly strong labor report on Friday didn't factor into the performance this week with a reported increase of 919,000 increase in non-farm payrolls. Many of the market watchers and pundits are anticipating a massive amount of consumer spending from pent-up demand after having the economy all but shut down at least in some states -- this does have to actually happen to support some of the valuations. Another item that may (or may not) be priced into the market is a coming tax increase that will likely hit most consumers (that pay taxes) as well as businesses. It may pay to be cautious right now, at least that's how we are feeling.

All 3 major indexes were up for the week ended 2021-04-01. The Dow Jones Industrial average ended the week at 33,153 an increase of 0.2%. The broader S&P 500 index ended the week at 4,020 an increase of 1.1%. The Nasdaq 100 ended the week at 13,330 an increase of 2.7%. The average change for the major averages was up 1.36%.

With all three major indexes up, the YTD returns also increased this week. The Dow Jones Industrial Average is leading the major indexes this year and is currently up 8.3% year-to-date. The S&P500 closed the week over 4,000 for the first time and is now up 7.0% for the year and the Nasdaq, which had a very strong week is now up 3.4% for the year.

Investment Style View

If you are a dividend investor, dividend stocks increased in the last week by 0.2%, with the iShares Dividend price climbing from $114.59 to $114.83.

In the latest week, mid cap stocks outpaced both small cap and large cap stocks. Mid-cap stocks increased by 1.6% for the week while large-cap stocks increased by 1.2% and small-cap stocks increased by 1.3%.

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 2.7% as compared to 0.2%. Mid-cap growth stocks outperformed mid-cap value stocks 2.1% as compared to 0.3%. Finally, Small-cap growth stocks outperformed small-cap value stocks 2.5% as compared to 0.7%.

Sector View

Sector performance was somewhat mixed this week with a couple of sectors declining, 3 sectors 'thinly up' this week and six sectors solidly up.

The two declining sectors this week were; the Consumer Staples sector which dropped 0.65% and the Energy sector had a modest pullback of 0.15%.

The strongest sector this week, was last weeks' weakest. The Communication Services sector increased by 3.22% followed by the Information Technology sector at +2.35% and the Consumer Discretionary (last weeks' other loser) increased by 1.88%.

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: AMAT - Applied Materials Inc. - LastClose: $141.52 - Prev Close: $128.64 - Change: 10.01%
  • Dow: WBA - Walgreens Boots Alliance Inc - LastClose: $54.75 - Prev Close: $52.03 - Change: 5.23%
  • Nasdaq: PDD - Pinduoduo Inc. American Depositary Shares - LastClose: $143.93 - Prev Close: $131.29 - Change: 9.63%
note, Applied Materials was also the big gainer in 'QQQ' but we didn't want to list it twice, so PDD is actually the 2nd largest gainer on the week.

Biggest losses for each Index:

  • S&P 500: KMX - Carmax Inc - LastClose: $123.31 - Prev Close: $133.81 - Change: -7.85%
  • Dow: UNH - UnitedHealth Group Inc - LastClose: $367.07 - Prev Close: $376.48 - Change: -2.50%
  • Nasdaq: LULU - lululemon athletica inc. Common Stock - LastClose: $301.07 - Prev Close: $314.00 - Change: -4.12%


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:

  • Chewy Inc. (CHWY) announced earnings after the market close on 2021-03-30. Earnings came in at $0.11 the analyst consensus was $-0.09, a difference of $0.20 per share. Revenue estimates were $1,963M but came in at $2,043M, a difference of $80M. Shares closed the prior day at $80.38 a share and closed the day at $84.71 an increase of 5.4%.
  • Lululemon Athletica. (LULU) announced earnings after the market close on 2021-03-30. Earnings came in at $2.58 the analyst consensus was $2.49, a difference of $0.09 per share. Revenue estimates were $1,664M but came in at $1,730M, a difference of $66M. Shares closed the prior day at $317.09 a share and closed the day at $306.71 a decline of -3.3%.
  • Micron Technologies. (MU) announced earnings after the market close on 2021-03-31. Earnings came in at $0.98 the analyst consensus was $0.95, a difference of $0.03 per share. Revenue estimates were $6,229M but came in at $6,236M, a difference of $7M. Shares closed the prior day at $88.21 a share and closed the day at $92.41 an increase of 4.8%.
  • Walgreens Boots Alliance. (WBA) announced earnings after the market close on 2021-03-31. Earnings came in at $1.40 the analyst consensus was $1.10, a difference of $0.30 per share. Revenue estimates were $33,845M but came in at $32,779M, a difference of $-1,066M. Shares closed the prior day at $52.98 a share and closed the day at $54.90 an increase of 3.6%.


Dividend Payments

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

  • Cross Timbers Royalty Trust (CRT) paid a dividend of $0.04 on 2021-03-30. The stock closed at $8.68 giving an estimated yield of 5.2%.
  • SL Green Realty Corp (SLG) paid a dividend of $0.30 on 2021-03-30. The stock closed at $72.19 giving an estimated yield of 5.0%
  • Village Super Mkt (VLGEA) paid a dividend of $0.25 on 2021-03-31. The stock closed at $23.57 giving an estimated yield of 4.2%.
  • Franklin Resources (BEN) paid a dividend of $0.28 on 2021-03-30. The stock closed at $29.33 giving an estimated yield of 3.8%.

  • International Markets

    Below are moves in overseas markets this week:

  • Nikkei: +2.3% for the week, +8.8% YTD
  • Shanghai: +1.9%, +0.3%
  • DAX: +2.4%, +10.1%
  • FTSE: +/-0%, +2.8%
  • CAC: +1.9%, +9.9%
  • The Week Ahead

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

    • Monday: Several markets across the world are closed for an extended Easter including Germany and the UK
    • Tuesday: the Bureau of Labor Statistics reports on Job Openings and Labor Turnover for February with an estimated 6.9 million job openings, similar to January.
    • Wednesday: the Federal Reserve reports on consumer credit debt for February with an estimated $4.18T, a bit lower than January's record of $4.21T,
    • Thursday: the Labor Department reports on initial jobless claims after last weeks' surprise increase to 719,000.
    • Friday: The BLS reports on the Producer Price Index for March with an anticipated increase of 0.5%, the same as February's increase.

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

    • Monday:
    • Tuesday: Paychex
    • Wednesday: Lamb Weston Holdings
    • Thursday: Conagra, Constellation Brands, Levi Strauss
    • 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.