All 3 major indexes were down for the week ended 2019-09-27. The Dow Jones Industrial average ended the week at 26,820 a decline of 0.4%. The broader S&P 500 index ended the week at 2,962 a decline of 1.0%. The Nasdaq 100 ended the week at 7,682 a decline of 1.8%. The average change for the major averages was down 1.08%.

All of the major indexes are up year to date with the Dow rising 15.0%, the S&P 500 is up 18.1% and the Nasdaq 100 by 19.7%.

As with much of the last several months, both news and markets were dominated by politics. This week was influenced by a renewed push by the Democratic party to impeach the president of the United States. This news kept the markets in check all week due to the view that not much was going to happen with the trade issue and anything else while this process was going on.

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 $102.04 to $101.66.

In the latest week, mid cap stocks outpaced both small cap and large cap stocks. Mid-cap stocks decreased by 1.1% for the week while large-cap stocks decreased by 1.6% and small-cap stocks decreased 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 value stocks of all 3 capitalization groups outperformed the growth stocks. Large-cap value stocks outperformed large-cap growth stocks -1.0% as compared to -2.4%. Mid-cap value stocks outperformed mid-cap growth stocks -1.1% as compared to -2.7%. Finally, Small-cap value stocks outperformed small-cap growth stocks -1.5% as compared to -4.7%.

Sector View

There were more down sectors this past week than up sectors with 8 of the 11 sectors decreasing for the week. The best performing sector for the week was the Real Estate sector, which increased by 1.24% closely followed by Consumer Staples at 1.19%. The other sector that grew last week was the Utilities sector, which increased by 0.43%. All of these sectors are typically ones that grow when there are concerns about the general economy. The lagging sectors for the week were, Healthcare which declined by 3.37% and Energy which declined by 2.88% for the week.



Earnings Roundup

As is typical, the end of the quarter brings a very light group of earnings announcements. This week was extremely light, but with a few interesting reports, including:

  • Autozone, Inc. (AZO) announced earnings after the market close on 2019-09-24. Earnings came in at $22.59 the analyst consensus was $21.64, a difference of $0.95 per share. Shares closed the prior day at $1,147.26 a share and closed the day at $1,096.63 a decline of -4.4%.
  • Conagra Brands (CAG) announced earnings after the market close on 2019-09-26. Earnings came in at $0.43 the analyst consensus was $0.39, a difference of $0.04 per share. Shares closed the prior day at $29.90 a share and closed the day at $31.00 an increase of 3.7%
  • Manchester United (MANU) announced earnings after the market close on 2019-09-24. Earnings came in at $-0.16 the analyst consensus was $-0.12, a difference of $-0.04 per share. Shares closed the prior day at $17.24 a share and closed the day at $16.50 a decline of -4.3%.
  • Nike, Inc. (NKE) announced earnings after the market close on 2019-09-24. Earnings came in at $0.86 the analyst consensus was $0.71, a difference of $0.15 per share. Shares closed the prior day at $87.18 a share and closed the day at $90.81 an increase of 4.2%.

Next week, we will be on vacation so the weekly report will be quite late.


The Week Ahead


Authors Note: No stocks discussed in this article are currently owned by the writer.

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.