Barron's - USA (2020-10-26)

M32 BARRON’S October 26, 2020

Market Laboratory

DOWJONESU.S.TOTALMARKETINDUSTRYGROUPS

NetChange %ChangeandRanking 52Week

Top20WeeklyRanked IG-Sym Close Wkly YTD Week Rank YrAgo Rank YTD Rank 3Yr High Low

Media Agencies DJUSAV 587.90 + 62.12 –3.97 +11.82 [1] +4.71 [78] –.67 [81] +.91 601.45 347.17

Travel & Tourism DJUSTT 619.44 + 51.41 –87.09 +9.05 [2] –15.59 [112] –12.33 [103] –4.94 741.30 390.41

Brewers DJUSDB 734.60 + 60.31 141.81 +8.94 [3] +15.39 [47] +23.92 [25] –6.21 734.60 412.07

Medical Supplies DJUSMS 1195.92 + 90.12 260.20 +8.15 [4] +36.53 [20] +27.81 [20] +10.57 1,195.92 662.77

Airlines DJUSAR 160.01 + 11.45–106.86 +7.71 [5] –38.31 [128] –40.04 [128] –16.08 277.16 91.71

Recreational Svcs DJUSRQ 73.02 + 5.15 –77.66 +7.58 [6] –44.88 [132] –51.54 [136] –20.86 152.75 34.40

Full Line Insurance DJUSIF 32.08 + 2.12 –17.74 +7.08 [7] –36.14 [126] –35.61 [125] –17.03 52.83 19.61

Nonferrous Metals DJUSNF 245.60 + 16.19 70.09 +7.06 [8] +81.24 [3] +39.94 [7] +7.43 245.60 71.03

Aluminum DJUSAL 46.02 + 2.90 –22.70 +6.74 [9] –32.31 [122] –33.04 [123] –33.02 73.19 17.51

Hotel & Lodging REITs DJUSHL 60.40 + 3.58 –53.29 +6.30 [10] –44.70 [131] –46.88 [130] –20.51 115.21 36.21

Hotels DJUSLG 1808.31 + 90.06–507.59 +5.24 [11] –8.55 [104] –21.92 [115] –.28 2,338.37 1,026.45

Oil Equipment & Svcs DJUSOI 103.16 + 4.95–148.13 +5.04 [12] –53.42 [138] –58.95 [138] –35.42 256.13 69.91

Gambling DJUSCA 666.21 + 31.25–252.72 +4.92 [13] –15.85 [114] –27.50 [119] –8.10 971.35 338.56

Travel & Leisure DJUSCG 1157.42 + 44.48–160.86 +4.00 [14] –8.02 [103] –12.20 [102] +1.04 1,368.93 675.86

Internet DJUSNS 2593.67 + 96.64 671.31 +3.87 [15] +44.31 [13] +34.92 [11] +20.10 2,709.71 1,473.18

Life Insurance DJUSIL 625.08 + 22.07–189.09 +3.66 [16] –20.59 [116] –23.23 [116] –10.12 835.38 373.14

Banks DJUSBK 352.26 + 12.09–168.40 +3.55 [17] –26.19 [120] –32.34 [122] –7.58 524.68 263.42

Oil Equip, Svcs & Distri DJUSOQ 180.89 + 6.21–172.93 +3.55 [18] –44.52 [130] –48.87 [132] –25.83 358.77 116.06

Gas Distribution DJUSGU 258.11 + 8.07 –57.24 +3.23 [19] –20.40 [115] –18.15 [112] –4.68 322.52 212.56

Industrial Metals & Mining DJUSIM 194.28 + 5.95 2.61 +3.16 [20] +16.01 [45] +1.36 [67] –3.87 196.63 88.40

NetChange %ChangeandRanking 52Week

Top20YrAgoRanked IG-Sym Close Wkly YTD Week Rank YrAgo Rank YTD Rank 3Yr High Low

Automobiles DJUSAU 552.08 – 10.85 339.33 –1.93 [108] +207.79 [1] +159.49 [1] +33.99 612.05 134.39

Automobiles & Parts DJUSAP 674.17 – 9.29 340.39 –1.36 [95] +127.98 [2] +101.98 [2] +22.05 726.70 195.90

Nonferrous Metals DJUSNF 245.60 + 16.19 70.09 +7.06 [8] +81.24 [3] +39.94 [7] +7.43 245.60 71.03

Computer Hardware DJUSCR 5704.02– 186.721,867.17 –3.17 [130] +77.70 [4] +48.66 [5] +37.61 6,577.88 2,859.07

Broadline Retailers DJUSRB 3246.93 – 64.821,226.79 –1.96 [109] +68.05 [5] +60.73 [3] +41.37 3,520.79 1,791.13

Software DJUSSW 4246.77 – 70.591,203.07 –1.63 [103] +59.39 [6] +39.53 [8] +34.57 4,446.11 2,522.55

Delivery Svcs DJUSAF 1472.09 – 11.09 526.17 –.75 [86] +56.47 [7] +55.63 [4] +11.46 1,492.01 666.48

Technology Hardware& Equip DJUSTQ 2826.79 – 83.36 697.52 –2.86 [127] +54.10 [8] +32.76 [13] +26.68 3,051.15 1,580.41

Software & Computer Svcs DJUSSV 3941.34 + 7.871,023.38 +.20 [56] +49.53 [9] +35.07 [10] +25.91 4,123.93 2,332.65

Semiconductor DJUSSC 5501.18– 145.401,187.73 –2.58 [124] +48.66 [10] +27.54 [21] +21.04 5,712.00 3,082.27

General Retailers DJUSGT 2216.69 – 52.58 662.89 –2.32 [120] +47.83 [11] +42.66 [6] +31.27 2,345.51 1,258.95

Gold Mining DJUSPM 136.24 – 4.33 32.98 –3.08 [129] +46.75 [12] +31.93 [15] +17.70 159.08 87.77

Internet DJUSNS 2593.67 + 96.64 671.31 +3.87 [15] +44.31 [13] +34.92 [11] +20.10 2,709.71 1,473.18

Mining DJUSMG 126.42 – 4.02 29.63 –3.08 [128] +43.08 [14] +30.61 [16] +14.30 147.36 81.60

Retail DJUSRT 1924.88 – 44.04 531.48 –2.24 [118] +43.06 [15] +38.14 [9] +28.03 2,022.70 1,135.92

Specialty Retailers DJUSRS 2309.53– 123.00 564.14 –5.06 [136] +41.94 [16] +32.32 [14] +27.29 2,476.82 1,335.92

Leisure Goods DJUSLE 843.99 – 11.35 194.44 –1.33 [94] +41.75 [17] +29.93 [18] +10.03 863.67 491.25

Toys DJUSTY 1263.26 – 15.15 295.22 –1.18 [93] +41.60 [18] +30.50 [17] +9.07 1,291.14 765.22

Footwear DJUSFT 2329.16 + 32.61 458.83 +1.42 [31] +37.41 [19] +24.53 [24] +31.78 2,341.92 1,139.98

Medical Supplies DJUSMS 1195.92 + 90.12 260.20 +8.15 [4] +36.53 [20] +27.81 [20] +10.57 1,195.92 662.77

Groupsareweightedbycapitalization.52-weekhighsandlowsarebasedondailycloses.Dec.31,1991=100.IntheU.S.listings,%volchg
columnshowsthechangefromprevious65-daymovingaverage.Volumefiguresdonotreflectextendedtradinghours.

ComingEarnings

Day Consensus Year

Estimate Ago

Continuedfrompage13ofthemainsection.

T

C.H.RobinsonWorldwide(Q3) 0.97 1.07

EdisonInternational(Q3) 1.45 1.50

EliLilly(Q3) 1.71 1.48

HarleyDavidson(Q3) 0.31 0.70

JetBlueAirways(Q3) -1.98 0.59

LaboratoryCorpofAmerica(Q3) 5.31 2.90

Merck(Q3) 1.44 1.51

Microsoft(Q1) 1.54 1.38

MSCI(Q3) 1.81 1.68

O-IGlass(Q3) 0.29 ....

Pfizer(Q3) 0.69 0.75

Raytheon (Q3) 0.50 ....

Roper(Q3) 3.04 3.29

S&PGlobal(Q3) 2.57 2.46

StanleyBlack&Decker(Q3) 2.68 2.13

Sherwin-Williams(Q3) 7.74 6.65

Waters (Q3) 1.93 2.13

W

Amgen(Q3) 3.79 3.66

ADP(Q1) 1.00 1.34

Boeing(Q3) -2.22 1.45

CME (Q3) 1.41 1.90

eBay(Q3) 0.86 0.67

Equinix(Q3) 5.95 5.52

FortuneBrandsHome&Security(Q3) 1.05 0.95

GeneralElectric(Q3) -0.04 0.15

GileadSciences(Q3) 1.94 1.75

MarketAxess (Q3) 1.74 1.42

Mastercard(Q3) 1.65 2.15

NorfolkSouthern(Q3) 2.38 2.58

UnitedParcelService(Q3) 1.88 2.07

Visa(Q4) 1.09 1.47

TH

Aaron’s (Q3) 1.44 0.73

Alphabet(Q3) 11.10 10.10

Amazon(Q3) 7.29 4.23

Apple(Q4) 0.71 0.76

CheesecakeFactory(Q3) -0.41 0.59

ConocoPhilips(Q3) -0.30 0.82

DevonEnergy(Q3) -0.10 0.26

Facebook(Q3) 1.89 2.12

Fortinet(Q3) 0.78 0.67

Group1Automotive(Q3) 6.15 3.02

Kellogg(Q3) 0.85 1.03

Moderna(Q3) -0.38 0.37

Moody’s(Q3) 2.10 2.15

PG&E(Q3) 0.28 1.11

Starbucks(Q4) 0.31 0.70

Southern(Q3) 1.21 1.34

Twitter(Q3) 0.06 0.17

Yum!Brands(Q3) 0.81 0.80

F

AbbVie(Q3) 2.77 2.33

AltriaGroup(Q3) 1.16 1.19

BroadridgeFinancial(Q1) 0.63 0.68

CBOEGlobal(Q3) 1.07 1.29

CharterCommunications(Q3) 3.03 1.74

Chervon(Q3) -0.23 1.59

Colgate-Palmolive(Q3) 0.70 0.71

HoneywellInternational(Q3) 1.49 2.08

Weyerhaeser(Q3) 0.44 0.08

(Earningsaredilutedandreportdatesaretentative. Allfore-

castsandhistoricalnumbersexcludeextraordinaryitemsby

accountingdefinitions.)

Source:FactSet

SELECTEDINITIALPUBLICOFFERINGS

Initial Most

Ticker Offer IPO Recent %

Code Price Date Price Chg

AciesAcquisition ACACU 10.00 10/23 9.90 -1.0%

AltimarAcquisition ATACU 10.00 10/23 9.88 -1.2%

EucratesBiomedical EUCRU 10.00 10/23 10.00 0.0%

FoghornTherapeuticsFHTX 16.00 10/23 18.12 13.3%

Abcam ABCM 17.50 10/22 18.90 8.0%

BCLSAcquisition BLSA 10.00 10/22 10.27 2.7%

CerberusTelecom CTACU 10.00 10/22 9.93 -0.7%

GuildHoldings GHLD 15.00 10/22 14.90 -0.7%

McAfee MCFE 20.00 10/22 18.79 -6.1%

RiceAcquisition RICEU 10.00 10/22 10.00 0.0%

TekkorpDigital TEKKU 10.00 10/22 9.92 -0.8%

Onlyincludesnewreports. Latest Latest Preceding Year YroYr

EconomicGrowthandInvestment Date Data Period Ago %Chg

No Activity for this Week

Production

Electric power, (mil. kw hrs) (EEI) .................................................. Oct 17 69,802 69,806 67,907 2.79

Petroleum, related capacity, % ...................................................... Oct 16 72.9 75.1 85.2 –14.44

Rotary rigs running, U.S. & Can., (Hughes).................................... Oct 23 370 362 977 –62.13

Steel, (thous. tons)........................................................................ Oct 17 1,535 1,502 1,841 –16.62

Steel, rated capacity, % (AISI)........................................................ Oct 17 69.4 67.9 79.6 –12.81

ConsumptionandDistribution

Instinet Research Redbook Avg. (monthly %)................................ Oct 17 1.01 –0.04 0.28 ....

Baltic Dry Index ............................................................................. Oct 23 1,415 1,561 1,801 –21.43

Inventories

Domestic crude oil, (thous. bbls) Comm. (Excl. Lease Stck) ........... Oct 16 488,107 489,109 433,151 12.69

Gasoline, (thous. bbls) .................................................................. Oct 16 227,016 225,121 223,094 1.76

Orders

No Activity for this Week

Trade

No Activity for this Week

Latest Latest Preceding Year YroYr

Date Data Period Ago %Chg

PULSEOFTHEECONOMY

Inflation

JOC–ECRI Industrial Price Index f.................................................. Oct 23 96.89 94.77 88.83 9.07

Employment

Initial jobless claims (thous.) ........................................................ Oct 17 787 r842 213 269.48

Continuing claims (mil.) ................................................................ Oct 10 8.373 r9.397 1.691 395.15

Construction

New housing permits, (thous. units).............................................. Sept 1,553 r1,476 1,437 8.07

New housing starts, (thous. units) ................................................. Sept 1,415 r1,388 1,274 11.07

OtherIndicators

Citi Research Panic–Euphoria Reading .......................................... Oct 23 0.66 r0.66 –0.10 ....

Index of coincident indicators h ..................................................... Sept 101.7 r101.5 106.5 –4.51

Index of lagging indicators h.......................................................... Sept 107.6 r107.7 108.0 –0.37

Index of leading indicators h .......................................................... Sept 107.2 106.5 111.8 –4.11

Coincident to lagging ratio h .......................................................... Sept 0.95 0.94 0.99 –4.04

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

US TREASURY BILLS

Wkly Ask

Maturity Bid Asked Chg. Yld.

Oct 27 '20 0.06 0.05 -0.03 0.05

Oct 29 '20 0.07 0.06 -0.03 0.06

Nov 03 '20 0.08 0.07 -0.02 0.07

Nov 05 '20 0.08 0.07 -0.02 0.07

Nov 10 '20 0.08 0.07 -0.01 0.07

Nov 12 '20 0.08 0.07 -0.01 0.07

Nov 17 '20 0.07 0.06 -0.02 0.06

Nov 19 '20 0.08 0.07 -0.02 0.07

Nov 24 '20 0.07 0.06 -0.03 0.06

Nov 27 '20 0.08 0.07 -0.02 0.07

Dec 01 '20 0.09 0.08 -0.01 0.08

Dec 03 '20 0.09 0.08 -0.02 0.08

Dec 08 '20 0.09 0.08 -0.02 0.08

Dec 10 '20 0.09 0.08 -0.01 0.08

Dec 15 '20 0.09 0.08 -0.01 0.08

Dec 17 '20 0.09 0.08 -0.01 0.08

Dec 22 '20 0.09 0.08 .... 0.08

Dec 24 '20 0.09 0.08 -0.01 0.08

Dec 31 '20 0.10 0.09 -0.01 0.09

Jan 07 '21 0.09 0.08 -0.02 0.08

Jan 14 '21 0.08 0.07 -0.03 0.07

Jan 21 '21 0.09 0.08 -0.02 0.08

Jan 28 '21 0.10 0.09 -0.01 0.09

Feb 04 '21 0.10 0.09 -0.01 0.09

Feb 11 '21 0.10 0.09 -0.01 0.09

Feb 18 '21 0.10 0.09 -0.01 0.09

Feb 25 '21 0.11 0.10 -0.01 0.10

Mar 04 '21 0.11 0.10 .... 0.10

Mar 11 '21 0.10 0.09 -0.01 0.09

Mar 18 '21 0.11 0.10 0.01 0.10

Mar 25 '21 0.11 0.10 0.01 0.10

Apr 01 '21 0.11 0.10 -0.01 0.10

Apr 08 '21 0.12 0.11 .... 0.11

Apr 15 '21 0.12 0.11 -0.01 0.11

Apr 22 '21 0.12 0.11 .... 0.11

May 20 '21 0.11 0.10 .... 0.10

Jun 17 '21 0.11 0.10 .... 0.10

Jul 15 '21 0.11 0.10 .... 0.10

Aug 12 '21 0.11 0.10 .... 0.10

Sep 09 '21 0.12 0.11 .... 0.11

Oct 07 '21 0.13 0.12 .... 0.12

NYSEHALF-HOURLYVOLUME

Daily 10/19 10/20 10/21 10/22 10/23

9:30-10:00 113,044 94,358 112,113 96,062 106,141

10:00-10:30 47,545 43,064 42,558 45,136 48,264

10:30-11:00 39,782 39,202 42,313 49,428 37,483

11:00-11:30 35,668 35,163 48,322 39,969 34,312

11:30-12:00 26,492 32,072 25,770 30,627 28,820

12:00-12:30 23,638 24,107 36,349 25,620 29,187

12:30-1:00 20,903 32,137 25,418 25,009 20,493

1:00-1:30 21,536 26,836 24,840 27,498 22,844

1:30-2:00 23,621 25,710 22,541 27,165 20,253

2:00-2:30 23,272 26,487 23,917 27,764 23,931

2:30-3:00 35,719 28,204 32,647 29,778 28,349

3:00-3:30 43,029 47,185 32,395 37,088 27,988

3:30-4:00 379,589 300,760 373,100 381,989 293,588

SELECTEDINITIALPUBLICOFFERINGS

Initial Most

Ticker Offer IPO Recent %

Code Price Date Price Chg

YellowstoneAcqui YSACU 10.00 10/22 10.02 0.2%

DattoHolding MSP 27.00 10/21 29.00 7.4%

DPCMCapital XPOAU 10.00 10/21 9.95 -0.5%

H.I.G.Acquisition HIGAU 10.00 10/21 9.95 -0.5%

LefterisAcquisition LFTRU 10.00 10/21 9.89 -1.1%

MingZhuLogistics YGMZ 4.00 10/21 3.90 -2.5%

SarissaCapital SRSAU 10.00 10/21 10.16 1.6%

SupernovaPartners SPNVU 10.00 10/21 10.13 1.3%

GoodWorksAcqui GWACU 10.00 10/20 9.92 -0.8%

HelixAcquisition HLXA 10.00 10/20 10.56 5.6%

HorizonAcquisitionIIHZONU 10.00 10/20 10.00 0.0%