Barron\'s - April 6 2020

M28 BARRON’S April 6, 2020

SELECTEDINITIALPUBLICOFFERINGS

Initial Most

Ticker Offer IPO Recent %

Code Price Date Price Chg

Zentalis Pharma ZNTL 18.00 4/3 23.20 28.9%

WiMi Hologram Cloud WIMI 5.50 4/1 5.25 -4.5%

Latest Latest Preceding Year YroYr

Date Data Period Ago %Chg

PULSEOFTHEECONOMY

Onlyincludesnewreports. Latest Latest Preceding Year YroYr
EconomicGrowthandInvestment Date Data Period Ago %Chg

No Activity for this Week

Production

Electric power, (mil. kw hrs) (EEI) .................................................. Mar 28 68,232 69,392 68,088 0.21
Petroleum, related capacity, % ...................................................... Mar 27 82.3 87.3 86.4 –4.75
Rotary rigs running, U.S. & Can., (Hughes).................................... Apr 3 705 782 1,093 –35.50
Steel, (thous. tons)........................................................................ Mar 28 1,670 1,852 1,913 –12.70
Steel, rated capacity, % (AISI)........................................................ Mar 28 71.6 79.4 82.2 –12.90

ConsumptionandDistribution

Factory shipments, (bil. $) ............................................................. Feb 500.35 r501.17 505.98 –1.11
Instinet Research Redbook Avg. (monthly %)................................ Mar 28 1.28 –0.05 –4.97 ....
Baltic Dry Index ............................................................................. Apr 3 616 556 711 –13.36

Inventories

Domestic crude oil, (thous. bbls) Comm. (Excl. Lease Stck) ........... Mar 27 469,193 455,360 449,521 4.38
Factory inventories, (bil. $) ............................................................ Feb 699.41 r702.01 688.06 1.65
Gasoline, (thous. bbls) .................................................................. Mar 27 246,806 239,282 236,839 4.21

Orders

Factory orders, backlog (bil. $) ...................................................... Feb 1,158.60 r1,157.24 1,178.48 –1.69
New factory orders, (bil. $) ............................................................ Feb 497.43 r497.49 498.84 –0.28
Nondurable goods orders, (bil. $) .................................................. Feb 247.92 r250.93 247.43 0.20
Purchasing management index ..................................................... Mar 49.1 50.1 54.6 –10.07

Trade

Merchandise trade balance (bil $) .................................................. Feb –61.21 r–67.12 –71.36 –14.22

Inflation

JOC–ECRI Industrial Price Index f.................................................. Apr 3 71.80 72.31 97.86 –26.63

Employment

Civil labor force, (thous.) ............................................................... Mar 162,913 164,546 162,935 –0.01

Employed, (thous.) ....................................................................... Mar 155,772 158,759 156,741 –0.62

All non–farm payrolls, (thous.) ...................................................... Mar 151,786 r152,487 150,282 1.00

Government payrolls, (thous.) ...................................................... Mar 22,759 r22,747 22,528 1.03

Goods prod payrolls, (thous.) ....................................................... Mar 21,152 r21,206 21,011 0.67

Initial jobless claims (thous.) ........................................................ Mar 28 6,648 r3,307 211 3,050.71

Continuing claims (mil.) ................................................................ Mar 21 3.029 r1.784 1.719 76.21

Service payrolls, (thous.) .............................................................. Mar 130,634 r131,281 129,271 1.05

Unemployment rate, % ................................................................. Mar 4.4 3.5 3.8 15.79

Unemployed, (thous.) ................................................................... Mar 7,140 5,787 6,194 15.27

Avg. wks duration unemploy ......................................................... Mar 17.1 20.9 22.2 –22.97

U–6 unemployment ...................................................................... Mar 8.7 7.0 7.4 17.57

Civilian Employment Population Ratio ........................................... Mar 60.0 61.1 60.6 –0.99

Construction

Construction spending, (bil. $) ...................................................... Feb 1,366.7 r1,384.5 1,289.0 6.03

Non–residential spending, SA (bil. $) ............................................ Feb 461.5 r471.0 464.7 –0.69

Public spending, (bil. $) ................................................................ Feb 340.9 r345.9 317.3 7.44

Residential spending, (bil. $) ......................................................... Feb 571.6 r575.0 513.0 11.42

Home Price Index S&P Case–Shiller – Comp. 10 (SA) .................... Jan 231.27 r231.51 225.49 2.56

OtherIndicators

Consumer confidence (Conference Board) .................................... Mar 120.0 r132.6 124.2 –3.38

Citi Research Panic–Euphoria Reading .......................................... Apr 3 –0.23 r–0.23 0.14 ....

a-1997equals100.b-1982-84equals100.c-1982equals100.f-1996equals100.h-benchmarkrevision,2016equals100.r-Revised.

NYSEHALF-HOURLYVOLUME

Daily 3/30 3/31 4/01 4/02 4/03

9:30-10:00 176,050 144,659 178,456 151,597 134,534

10:00-10:30 68,816 69,694 69,300 70,096 64,852

10:30-11:00 58,841 56,078 60,980 116,762 63,990

11:00-11:30 56,334 56,083 58,653 74,592 51,696

11:30-12:00 46,525 50,398 52,183 56,111 50,451

12:00-12:30 40,840 46,132 50,220 45,920 50,006

12:30-1:00 36,276 47,502 50,260 40,712 41,192

1:00-1:30 34,750 46,663 42,011 48,821 38,543

1:30-2:00 35,089 41,578 46,653 42,623 42,557

2:00-2:30 49,481 39,267 42,582 56,115 44,829

2:30-3:00 42,330 44,703 46,122 54,090 49,847

3:00-3:30 57,171 67,050 61,928 58,952 69,630

3:30-4:00 540,211 1,038,072 540,276 528,342 732,292

Market Laboratory

DOWJONESU.S.TOTALMARKETINDUSTRYGROUPS

NetChange %ChangeandRanking 52Week
Top20WeeklyRanked IG-Sym Close Wkly YTD Week Rank YrAgo Rank YTD Rank 3Yr High Low
Integrated Oil & Gas DJUSOL 293.35 + 20.91–220.69 +7.67 [1] –49.55 [123] –42.93 [109] –19.20 596.18 224.23
Coal DJUSCL 5.55 + .37 –11.26 +7.12 [2] –88.95 [142] –67.00 [140] –48.87 55.95 4.75
Oil & Gas Producers DJUSOG 280.61 + 17.02–271.57 +6.46 [3] –52.96 [128] –49.18 [120] –22.09 622.79 219.53
Pharmaceuticals DJUSPR 554.33 + 33.41 –67.78 +6.41 [4] –4.47 [23] –10.90 [10] +2.82 640.25 471.36
Brewers DJUSDB 479.11 + 25.15–113.68 +5.54 [5] –24.82 [83] –19.18 [33] –22.18 683.61 412.07
Pharmaceuticals &Biotech DJUSPN 757.75 + 36.45 –86.78 +5.05 [6] –4.04 [22] –10.28 [9] +3.33 862.58 657.45
Toys DJUSTY 902.04 + 42.25 –66.00 +4.91 [7] +9.58 [4] –6.82 [4] +3.06 1,006.41 765.22
Food Producers DJUSFO 339.47 + 15.15 –63.98 +4.67 [8] –5.82 [28] –15.86 [23] –5.08 405.76 289.85
Food Products DJUSFP 469.71 + 20.96 –88.52 +4.67 [9] –5.82 [29] –15.86 [24] –5.08 561.42 401.06
Tobacco DJUSTB 550.67 + 24.35–123.92 +4.63 [10] –21.41 [74] –18.37 [31] –15.81 719.05 454.29
Exploration & Production DJUSOS 271.60 + 11.70–360.04 +4.50 [11] –57.60 [129] –57.00 [132] –25.90 700.19 214.60
Nondurable Hshld Pdts DJUSHN 913.18 + 38.60 –69.09 +4.41 [12] +9.19 [6] –7.03 [5] +8.02 1,003.84 784.84
Mobile Telecom DJUSWC 365.98 + 11.37 –36.13 +3.21 [13] –4.77 [26] –8.99 [7] +2.26 405.63 336.62
Biotechnology DJUSBT 1957.89 + 58.38–201.34 +3.07 [14] –3.67 [21] –9.32 [8] +4.08 2,213.12 1,749.60
Food & Beverage DJUSFB 555.69 + 16.32–106.90 +3.02 [15] –4.62 [24] –16.13 [25] –1.41 693.10 474.56
Leisure Goods DJUSLE 566.72 + 14.49 –82.83 +2.62 [16] +5.56 [11] –12.75 [16] +1.71 672.35 491.25
Commercial Vehicles DJUSHR 1586.64 + 40.36–577.26 +2.61 [17] –20.17 [70] –26.68 [67] +.90 2,196.83 1,301.27
Soft Drinks DJUSSD 649.03 + 15.31–116.22 +2.42 [18] –1.37 [14] –15.19 [21] +2.93 825.61 556.64
Steel DJUSST 145.27 + 2.94 –96.86 +2.07 [19] –41.73 [111] –40.00 [104] –16.56 252.46 121.97
Mining DJUSMG 98.34 + 1.89 1.55 +1.96 [20] +21.85 [2] +1.60 [2] +8.56 109.51 71.12
NetChange %ChangeandRanking 52Week
Top20YrAgoRanked IG-Sym Close Wkly YTD Week Rank YrAgo Rank YTD Rank 3Yr High Low
Gold Mining DJUSPM 105.98 + 2.01 2.72 +1.93 [22] +28.87 [1] +2.63 [1] +12.70 117.80 70.75
Mining DJUSMG 98.34 + 1.89 1.55 +1.96 [20] +21.85 [2] +1.60 [2] +8.56 109.51 71.12
Computer Hardware DJUSCR 3077.94 – 97.62–758.91 –3.07 [61] +15.76 [3] –19.78 [37] +15.09 4,236.36 2,354.91
Toys DJUSTY 902.04 + 42.25 –66.00 +4.91 [7] +9.58 [4] –6.82 [4] +3.06 1,006.41 765.22
Software DJUSSW 2788.87 – 21.73–254.82 –.77 [38] +9.22 [5] –8.37 [6] +24.20 3,566.09 2,456.44
Nondurable Hshld Pdts DJUSHN 913.18 + 38.60 –69.09 +4.41 [12] +9.19 [6] –7.03 [5] +8.02 1,003.84 784.84
Water DJUSWU 2447.19– 149.68–301.23 –5.76 [94] +7.88 [7] –10.96 [11] +11.52 3,131.32 2,090.23
Food Retailers & Whlslrs DJUSFD 459.83 – 3.70 –62.82 –.80 [40] +7.68 [8] –12.02 [14] +13.06 547.43 424.17
Broadline Retailers DJUSRB 2024.96 + 30.90 4.82 +1.55 [26] +6.91 [9] +.24 [3] +25.10 2,272.42 1,791.13
Specialty Finance DJUSSP 280.82 – 10.58 –48.08 –3.63 [69] +6.11 [10] –14.62 [20] +21.29 382.03 230.56
Leisure Goods DJUSLE 566.72 + 14.49 –82.83 +2.62 [16] +5.56 [11] –12.75 [16] +1.71 672.35 491.25
Technology Hardware& Equip DJUSTQ 1721.53 – 40.90–407.74 –2.32 [56] +1.41 [12] –19.15 [32] +11.80 2,311.70 1,489.26
Food & Drug Retailers DJUSDR 620.96 – 8.72–105.00 –1.38 [44] +1.05 [13] –14.46 [19] +.08 749.58 596.90
Soft Drinks DJUSSD 649.03 + 15.31–116.22 +2.42 [18] –1.37 [14] –15.19 [21] +2.93 825.61 556.64
Software & Computer Svcs DJUSSV 2514.80 – 35.19–403.16 –1.38 [45] –1.49 [15] –13.82 [18] +14.19 3,339.96 2,332.65
Defense DJUSDN 400.27 – 15.87–102.17 –3.81 [72] –1.64 [16] –20.33 [39] +2.76 550.99 340.70
Hshld Goods & Home ConstrDJUSHG 650.81 + 5.16–131.57 +.80 [30] –1.78 [17] –16.82 [28] +1.24 810.94 561.37
Semiconductor DJUSSC 3525.92 – 68.17–787.53 –1.90 [51] –2.16 [18] –18.26 [30] +11.41 4,727.12 3,077.97
Personal Products DJUSCM 534.94 + 5.29 –73.87 +1.00 [29] –2.41 [19] –12.13 [15] +.20 650.60 479.71
Beverages DJUSBV 687.00 + 12.22–134.19 +1.81 [23] –3.66 [20] –16.34 [26] +1.75 884.38 586.79
Groupsareweightedbycapitalization.52-weekhighsandlowsarebasedondailycloses.Dec.31,1991=100.IntheU.S.listings,%volchg
columnshowsthechangefromprevious65-daymovingaverage.Volumefiguresdonotreflectextendedtradinghours.

YEARLYHIGH/LOWSSILVERPRICE

TheyearlyHandy&HarmanSilverprice;withahigh/

lowrangebasedonthedailyclose.

Year High Date Low Date

2020 18.81 Feb 24 12.13 Mar 18

2019 19.40 Sept 04 14.36 May 28

2018 17.57 Jan 25 14.07 Nov 14

2017 18.52 Apr 17 15.39 July 07

2016 20.69 Aug 02 13.78 Jan 12

2015 18.41 Jan 22 13.72 Dec 17

2014 22.12 Feb 24 15.42 Nov 06

2013 32.31 Jan 23 18.70 June 26

2012 36.88 Feb 28 26.39 June 28

2011 48.55 Apr 29 26.77 Jan 25

2010 30.64 Dec 29 14.78 Feb. 05

2009 19.45 Dec 02 10.45 Jan. 15

2008 20.70 Mar 05 8.81 Oct 28

2007 15.67 Nov 08 11.18 Aug 16

2006 14.93 May 11 8.84 Jan 05

2005 9.11 Dec 12 6.38 Jan 04

2004 8.24 Apr 07 5.57 May 13

2003 5.97 Dec 30 4.40 Mar 24

2002 5.15 June 04 4.26 Jan 31

2001 4.87 Jan 30 4.06 Nov 26

2000 5.53 Feb. 07 4.60 Dec 15

1999 6.84 Feb 17 4.91 June 04

1998 7.31 Feb 06 4.72 Aug 31

YEARLYHIGH/LOWSGOLDPRICES

TheyearlyGoldprice;withahigh/lowrangebasedon

thedailyclose.

Year High Date Low Date

2020 1683.65 Mar. 06 1474.25 Mar. 19

2019 1546.10 Sept. 04 1269.50 Apr. 23

2018 1354.95 Jan. 25 1178.40 Aug. 17

2017 1346.25 Sept. 08 1151.00 Jan. 03

2016 1366.25 July 06 1077.00 Jan. 05

2015 1295.75 Jan. 22 1049.40 Dec. 17

2014 1385.00 Mar. 14 1142.00 Nov. 05

2013 1693.75 Jan. 02 1192.00 June 28

2012 1791.75 Oct. 04 1540.00 May 30

2011 1895.00 Sept. 06 1319.00 Jan. 28

2010 1421.00 Nov. 09 1058.00 Feb. 05

2009 1212.50 Dec. 02 810.00 Jan. 15

2008 1011.25 Mar. 17 712.50 Oct. 24

2007 841.10 Nov. 08 608.40 Jan. 10

2006 725.00 May 12 524.75 Jan. 05

2005 536.50 Dec. 12 411.10 Feb. 08

2004 454.20 Dec. 02 375.00 May 10

2003 416.25 Dec. 30 319.90 Apr. 07

2002 349.30 Dec. 27 277.75 Jan. 04

2001 293.25 Sept. 17 255.95 Apr. 02

2000 312.70 Feb. 07 263.80 Oct. 27

1999 325.50 Oct. 05 252.80 July 20

1998 313.15 Apr. 24 273.40 Aug. 28

1997 366.55 Jan. 02 283.00 Dec. 12

1996 414.80 Feb. 05 367.40 Dec. 03

1995 395.55 Apr. 19 372.40 Jan. 09

1994 396.25 Sept. 28 369.65 Apr. 22

1993 405.60 Aug. 02 326.10 Mar. 10

MONTHLYDOWJONESINDUSTRIALAVERAGE

Year First Closing Closing CloseAvg Last Avg. Avg.
Month Closing High Low Mean Close Chg. %Chg. P/E Yield

2020
Mar 26703.32 27090.86 18591.93 22637.42 21917.16 – 3492.20 – 13.74 17.44 2.94
Feb 28399.81 29551.42 25409.36 28519.73 25409.36 – 2846.67 – 10.07 21.95 2.28
Jan 28868.80 29348.10 28256.03 28879.99 28256.03 – 282.41 – 0.99 21.34 2.21