Barron's - USA (2020-10-12)

October 12, 2020 BARRON’S M31

STOCKVOLUME

Last Prev. Year YOY Week Week Ago %Chg

NYSE(a) 4,337,426 4,567,647 4,154,231 4.41 30 Dow Inds (b) 1,733,472 1,938,387 1,274,827 35.98 20 Dow Trans (b) 769,859 786,135 272,304 182.72 15 Dow Utils (b) 228,613 259,039 223,981 2.07 65 Dow Stks (b) 2,731,944 2,983,561 1,771,112 54.25 NYSE American (a) 99,621 80,451 53,945 84.67 Nasdaq(d) 18,824,118 18,872,443 9,240,143 103.72 NYSE 15 Most Active Average Price 30.20 23.92 10.61 184.64 % Tot Vol 15.80 17.04 13.76 14.83 Stock Offerings $(z,v) 9,394,300r13,356,500 910,600 931.66

DailyStockVolume

Daily 10/5 10/6 10/7 10/8 10/9

NYSE(a) 850,985 991,582 871,727 797,864 825,268 30 Inds (b) 322,534.9 438,443.0 330,187.3 315,828.3 326,478.2 20 Trans (b) 122,948.5 175,797.4 149,051.4 177,091.4 144,970.6 15 Utils (b) 43,269.7 48,384.0 41,777.5 47,406.8 47,774.8 65 Stks (b) 488,753.1 662,624.4 521,016.3 540,326.4 519,223.5 NYSE Amer(a) 12,004 16,498 16,008 32,736 22,375 Nasd(d) 3,623,400 4,334,919 3,891,130 3,498,604 3,476,065 NYSE 15 Most Active Avg. Price 14.72 25.20 25.21 19.53 13.81 % Tot Vol 16.50 18.66 15.05 17.63 18.25 Numbersinthousandssavepriceandpercentages.(a)Primary volume. (b)Compositevolume.(d)asof4:10pm.(r)Revised.(v) W/EThursday.(z)Source:Refinitiv.

Last Prev. Year Week Week Ago

DJIndAvg 28586.90 27682.81 26816.59

P/E Ratio 26.87 26.02 19.22 Earns Yield % 3.72 3.84 5.20 Earns $ 1064.04 1064.04 1395.50 Divs Yield % 2.06 2.13 2.29 Divs $ 588.97 588.89 615.12 Mkt to Book 4.27 4.14 4.12 Book Value $ 6688.86 6688.86 6512.92

DJTransAvg 11861.95 11297.10 10291.98

P/E Ratio 89.11 84.87 17.32 Earns Yield % 1.12 1.18 5.77 Earns $ 133.11 133.11 594.27 Divs Yield % 1.28 1.34 1.62 Divs $ 151.82 151.82 166.69 Mkt to Book 3.50 3.33 3.18 Book Value $ 3389.19 3389.19 3239.67

DJUtilityAvg 875.81 832.49 866.66

P/E Ratio 25.46 24.21 27.76 Earns Yield % 3.93 4.13 3.60 Earns $ 34.39 34.39 31.22

THEWEEKINSTOCKSFORTHEMAJORINDEXES

12-Month Weekly Friday Weekly 12-Month ChangeFrom High Low High Low Close Chg. %Chg. Chg. %Chg. 12/31 %Chg.

DowJonesIndexes

29551.42 18591.93 30 Indus 28586.9027772.76 28586.90 904.09 3.27 1770.31 6.60 48.46 0.17 11861.95 6703.63 20 Transp 11861.9511399.14 11861.95 564.85 5.00 1569.97 15.25 960.67 8.81 960.89 610.89 15 Utilities 875.81 844.57 875.81 43.32 5.20 9.15 1.06 –3.36 –0.38 9710.01 6100.31 65 Comp 9588.90 9289.77 9588.90 371.00 4.02 684.15 7.68 202.42 2.16

DowJonesIndexes

36434.12 22462.76 US TSM Float 35696.3834492.15 35696.38 1412.98 4.12 5333.11 17.56 2661.00 8.06 887.96 547.67 US Market 867.82 838.70 867.82 33.32 3.99 130.94 17.77 67.06 8.38 935.01 487.28 Internet 890.59 854.98 890.59 38.01 4.46 285.66 47.22 262.12 41.71

NewYorkStockExchange

14183.20 8777.38 Comp-z 13252.6212837.88 13252.62 502.83 3.94 325.70 2.52 –660.41 –4.75 8908.29 5036.38 Financial-z 7208.45 7012.02 7208.45 238.07 3.42 –866.34 –10.73 –1491.66 –17.15 19129.30 12991.76 Health Care-z 19129.3018475.68 19129.30 758.54 4.13 3237.82 20.37 1059.20 5.86 10251.47 4032.17 Energy-z 5394.37 5153.28 5343.72 281.30 5.56 –4043.14 –43.07 –4693.58 –46.76

NYSEAmericanStockExchange

2626.91 1317.22 NYSE Amer Comp 1997.03 1916.34 1997.03 86.66 4.54 –434.58 –17.87 –555.53 –21.76 2852.12 1742.29 Major Mkt 2513.17 2433.76 2513.17 75.24 3.09 –188.43 –6.97 –261.54 –9.43

Standard&Poor'sIndexes

1675.67 1040.00 100 Index 1604.76 1550.15 1604.76 57.68 3.73 288.99 21.96 162.59 11.27 3580.84 2237.40 500 Index 3477.13 3360.95 3477.13 128.69 3.84 506.86 17.06 246.35 7.63 5107.48 3123.44 Indus 4919.67 4749.23 4919.67 184.69 3.90 914.78 22.84 548.05 12.54 2106.12 1218.55 MidCap 1996.36 1936.85 1996.36 93.57 4.92 79.79 4.16 –66.66 –3.23 1041.03 595.67 SmallCap 926.19 895.26 926.19 49.61 5.66 –9.41 –1.01 –94.99 –9.30

NasdaqStockMarket

12056.44 6860.67 Comp 11579.9411154.60 11579.94 504.93 4.56 3522.91 43.72 2607.34 29.06 12420.54 6994.29 100 Index 11725.8511291.27 11725.85 470.16 4.18 3881.98 49.49 2992.78 34.27 9363.32 5239.66 Indus 9169.18 8779.09 9169.18 396.18 4.52 2781.70 43.55 2361.47 34.69 10673.14 6343.13 Insur 9250.64 9092.52 9248.45 235.06 2.61 –820.72 –8.15 –743.49 –7.44 4011.98 2136.72 Banks 2796.68 2683.72 2772.12 180.19 6.95 –809.77 –22.61 –1196.71 –30.15 8587.40 4608.77 Computer 7996.74 7703.06 7996.74 345.64 4.52 2861.44 55.72 2117.74 36.02 457.36 298.17 Telecom 416.73 405.22 416.73 11.43 2.82 38.19 10.09 28.21 7.26

RussellIndexes

1989.08 1224.45 1000 1943.01 1877.84 1943.01 74.38 3.98 302.07 18.41 158.80 8.90 1705.22 991.16 2000 1637.55 1577.29 1637.55 98.25 6.38 125.65 8.31 –30.92 –1.85 2089.83 1288.04 3000 2047.36 1978.30 2047.36 80.99 4.12 308.74 17.76 155.11 8.20 1365.33 838.37 Value-v 1217.11 1180.85 1217.11 43.72 3.73 –32.89 –2.63 –130.55 –9.69 2350.43 1322.15 Growth-v 2256.62 2173.27 2256.62 91.22 4.21 641.34 39.70 486.10 27.46 2472.07 1471.40 MidCap 2435.03 2354.14 2435.03 109.86 4.72 214.70 9.67 53.12 2.23

Others

6789.54 3854.81 Value Line-a 6671.22 6429.07 6671.22 334.42 5.28 559.55 9.16 12.52 0.19 562.05 305.71 Value Line-g 489.15 471.73 489.15 23.99 5.16 –24.36 –4.74 –63.04 –11.42 11510.08 6621.12 DJ US Small TSM 11010.4010605.13 11010.40 636.05 6.13 729.83 7.10 –254.58 –2.26 759.71 455.11 Barron's 400 759.71 732.71 759.71 38.10 5.28 84.54 12.52 27.48 3.75

High/Low'sarebaseduponthedailyclosingindex.a-ArithmeticIndex.G-GeometricIndex.V-Value1000andGrowth1000y-Dec.
31,1965=50z-Dec.31,2002=5000

144FILINGS

SEC Form 144 must be filed by holders of restricted securities (also called letter stock) who intend to sell shares. Shares Indi-

cated:thenumbertobesold.SalesDate:theapproximatedateofthesale.(Sometimessharesaren'tsold,eventhoughtheirowner

has filed a Form144.) Source: Thomson Reuters

Shares Sale
Company Sym Indicated $Value Date Seller Title

Pinterest PINS 1,200,000 48,000,000 10/1/20 Sciarra, Paul AF

Smartsheet SMAR 500,000 25,000,000 10/1/20 Frei, Brent D

EdwardsLifesciences EW 274,200 21,590,563 9/29/20 Mussallem, Michael CEO

Apple AAPL 257,343 29,051,451 10/2/20 Williams, Jeffrey O

Merck&Co MRK 251,273 20,302,858 10/5/20 Davis, Robert AF

Workday WDAY 227,685 48,981,874 10/1/20 Duffield, David AF

Catalent CTLT 182,231 15,732,002 10/2/20 Chiminski, John AF

ThunderBridgeAcquisition RPAY 156,181 3,780,228 9/28/20 Alias, Shaler P

TradewebMarkets TW 150,000 8,700,000 10/1/20 Hult, William AF

Pinterest PINS 105,000 4,546,654 10/1/20 Silbermann, Benjamin O

Divs Yield % 3.02 3.17 2.91 Divs $ 26.43 26.43 25.21 Mkt to Book 2.34 2.22 2.34 Book Value $ 374.40 374.40 370.98

S&P500Index 3477.13 3348.44 2970.27 P/E Ratio 35.04 28.78 21.96 Earns Yield % 2.85 3.47 4.55 Earns $ 99.23 116.33 135.27 Divs Yield % 1.64 1.70 2.00 Divs $ 57.02 56.92 59.41 Mkt to Book 3.80 3.66 3.49 Book Value $ 914.49 914.49 851.62

S&PIndIndex 4919.67 4734.98 4004.89 P/E Ratio 40.58 34.09 24.23 Earns Yield % 2.46 2.93 4.13 Earns $ 121.22 138.90 165.30 Divs Yield % 1.47 1.52 1.85 Divs $ 72.32 71.97 74.09 Mkt to Book 5.21 5.01 4.53 Book Value $ 944.26 944.26 883.41

Last Prev. Year Week Week Ago

U.S. DOLLAR INDEX vs EURO and YEN

-10

0

10

N D J F M A M J J A SO

EURO in $

s

YEN in $

s

DXY (93.04)

s

Source: Tullett Prebon

Boosters: The European Central Bank promised to use every tool to stimulate the

eurozone— lifting the euro and dropping the U.S. Dollar Index 0.9% for the week.

ComingU.S.Auctions Yields(%)

Day When Last Issued* Auction

M

$54.0bil 3-month 0.108 0.095 $51.0bil 6-month 0.133 0.110

*AsofFridayafternoon.

INDEXES'P/ES&YIELDS

DJ latest 52-week earnings and dividends adjusted by Dow Divisors at Friday's close. S&P Dec. 4-quarter's GAAP earnings as

reported and indicated dividends based on Friday close.S&P 500 P/E ratios based on GAAP earnings as reported. For additional

earningsseries,pleaserefertowww.spglobal.com.DJlatestavailablebookvaluesforFY2019and2018,andS&Platestfor2018and

r-Revised data

Market Laboratory

ComingEarnings

Day Consensus Year Estimate Ago

Continuedfrompage13ofthemainsection.

W

BankofAmerica(Q3) 0.44 0.56

GoldmanSachs(Q3) 4.92 4.79

UnitedHealth (Q3) 3.09 3.88

WellsFargo(Q3) 0.40 0.92

TH

IntuitiveSurgical(Q3) 2.03 3.43

CharlesSchwab(Q3) 0.50 0.70

WalgreensBootsAlliance(Q4) 0.96 1.43

F

KansasCitySouthern(Q3) 1.81 1.94

StateStreet(Q3) 1.42 1.51

(Earningsaredilutedandreportdatesaretentative. Allfore- castsandhistoricalnumbersexcludeextraordinaryitemsby accountingdefinitions.) Source:FactSet

PERSHAREVALUESOFSTOCKSINTHEDOW

JONESAVERAGES

This is a list of the Dow Jones trailing 52-week diluted

share earnings, dividends and book values as reported

by the company. Bolded numbers indicate new values.

Sources Barron's Stats and FactSet.

IndustrialStocks Book Earns Divs. Value

Am Exp 4.81 1.72 28.48 Amgen 12.76 6.25 16.36 Apple 3.29 0.795 20.37 Boeing (5.05)Suspended(15.31) Caterpillar 6.45 4.12 26.52 Chevron Corp (4.66) 5.06 76.62 Cisco Sys 2.63 1.41 7.90 Coca Cola 2.12 1.63 4.43 Disney Walt (0.62) 1.76 49.90 Dow (2.68) 2.80 18.26 Goldman Sachs18.85 5.00227.62 Home Depot 10.91 5.86 (2.89) Honeywell 8.13 3.60 26.01 IBM 9.18 6.50 23.49 Intel 5.43 1.305 18.07

Book Earns Divs. Value

Johnson&John 6.84 3.86 22.59 JPMorgChase 7.41 3.60 75.98 McDonalds 6.31 5.00(11.00) Merck Co 4.10 2.44 10.20 Microsoft 5.75 2.04 15.63 Nike Inc 1.67 0.98 5.17 Proc Gam 4.96 3.0732 18.40 3M Co 8.82 5.85 17.50 Salesforce.com 2.56 0.00 37.95 Travelers Cos 7.02 3.34101.54 UnitedHealth Grp 17.78 4.66 60.78 Verizon 4.61 2.4725 14.84 Visa 5.25 1.20 13.53 Walgreens 0.82 1.84 26.26 Wal-mart 6.27 2.15 26.36

TransportationStocks Alaska Air Group 0.46Suspended35.21 American Airlines(8.17)Suspended(0.28) Avis Budget Grp(4.67) Nil 8.86 C.H. Robinson 3.43 2.04 12.39 CSX Corp 3.72 1.02 15.32 Delta Air Lines (9.01)Suspended23.89 Expeditors Int'l 3.51 1.02 12.94 FedEx 6.77 2.60 69.84 Hunt (JB) 4.87 1.07 21.34 JetBlue Air (0.96) Nil 17.02

KC Southern 5.85 1.60 45.95 Kirby Corp (2.88) Nil 56.18 Landstar Sys 4.29 0.765 18.28 Matson Inc 2.05 0.89 18.78 Norf So 8.04 3.76 58.87 Ryder Sys (6.03) 2.24 46.48 Southwest Air 0.40 0.72 18.94 Un Pacific 8.06 3.88 26.19 UPS 5.03 3.99 3.81 United Airlines (6.13) Nil 45.90

UtilityStocks AES Corp. 0.30 0.5664 4.51 Am Elec 3.85 2.80 39.73 American Water Works 3.52 2.10 33.85 CenterPt Energy(1.61) 1.015 13.18 Con Ed 3.99 3.01 54.12 Dominion Energy 0.74 3.7375 35.33 Duke Energy 2.81 3.80 61.20 Edison Int'l 3.11 2.55 36.75

Exelon 2.71 1.51 33.12 FirstEnergy 1.24 1.55 12.90 NextEra Energy 7.25 5.45 75.67 NiSource Inc. (0.32) 0.81 13.36 Pub Sv Ent 3.42 1.94 29.94 Sempra Energy 14.53 4.102 60.58 Southn Co. 3.08 2.52 25.03

DISTRIBUTIONS&OFFERINGS

SecondaryDistributionsofcommonstocks

Artelo Biosciences 8,800,000 $0.75 $6,600,000

CleanSpark 4,444,445 $9.00 $40,000,005

DraftKings 36,800,000 $52.00$1,913,600,000

fuboTV 18,300,000 $10.00 $183,000,000

Gladstone Land 1,650,000 $14.40 $23,760,000

Guardant Health 7,000,000 $102.00 $714,000,000

Intrusion 3,100,000 $8.00 $24,800,000

NanoString Technologies 5,000,000 $40.00 $200,000,000

Natura &Co 121,400,000 $46.25$1,008,459,583

nCino 7,712,985 $72.00 $555,334,920

Shiftpixy 4,000,000 $3.00 $12,000,000

SpringWorks Therapeutics 4,901,960 $51.00 $249,999,960

Source:DealogicLLC,NewYorkCity;(212)577-4400.

DELTAMARKETSENTIMENTINDICATOR

The Delta MSI measures the position of ~1,800 stocks relative to an intermediate-term moving average crossover (MAC) point. When greaterthan50%ofthestocksfollowedareabovethisMACpoint,the market is bullish and equities are attractive. When the indicator is below 50%, risk is elevated and stock exposures should be reduced. ManagerusesdiscretiononassetallocationwhenMSIis50%+/-3%.

Last 2Weeks 3Weeks CurrentSentiment Week Ago Ago

BULLISH 58.6% 42.0% 46.8%

CurrentMarketExposure:100%Equities,0%Bonds,0%Cash Source:DeltaInvestmentManagement http://www.deltaim.com,(415)249-6337

Barron's - USA (2020-10-12)

Get our desktop app

Company

Features

Documentation

Resources