Barron's - USA (2021-02-22)

M36 BARRON’S February 22, 2021

Market Laboratory

DOWJONESU.S.TOTALMARKETINDUSTRYGROUPS

NetChange %ChangeandRanking 52Week
Top20WeeklyRanked IG-Sym Close Wkly YTD Week Rank YrAgo Rank YTD Rank 3Yr High Low
Nonferrous Metals DJUSNF 501.50 + 83.74 153.43 +20.04 [1] +209.83 [2] +44.08 [1] +26.03 501.50 71.03
Industrial Metals & Mining DJUSIM 307.18 + 34.37 64.33 +12.60 [2] +79.84 [4] +26.49 [2] +5.12 307.18 88.40
Hotel & Lodging REITs DJUSHL 86.86 + 9.55 10.95 +12.35 [3] –16.82 [123] +14.42 [14] –10.59 106.72 36.21
Recreational Svcs DJUSRQ 101.33 + 11.00 8.91 +12.17 [4] –25.38 [136] +9.64 [33] –14.10 129.50 34.40
Aluminum DJUSAL 79.02 + 5.02 .27 +6.79 [5] +48.11 [13] +.35 [105] –19.47 86.19 17.51
Basic Resources DJUSBS 248.68 + 14.54 29.42 +6.21 [6] +50.84 [7] +13.42 [18] +6.08 248.68 109.84
Airlines DJUSAR 210.57 + 11.33 26.57 +5.69 [7] –20.88 [128] +14.44 [13] –8.39 263.17 91.71
Banks DJUSBK 508.55 + 25.79 73.97 +5.34 [8] +1.57 [94] +17.02 [9] +.49 508.55 263.42
Hotels DJUSLG 2327.32+ 113.81 124.25 +5.14 [9] +1.65 [93] +5.64 [53] +3.61 2,327.32 1,026.45
Steel DJUSST 245.39 + 8.88 22.30 +3.76 [10] +14.11 [64] +10.00 [31] –7.77 247.76 121.97
Exploration & Production DJUSOS 500.57 + 17.86 96.45 +3.70 [11] –10.71 [112] +23.87 [4] –9.89 554.68 214.60
Oil & Gas Producers DJUSOG 426.30 + 14.58 78.50 +3.54 [12] –13.57 [118] +22.57 [5] –10.48 486.13 219.53
Investment Svcs DJUSSB 1631.68 + 53.73 162.57 +3.41 [13] +23.71 [41] +11.07 [28] +9.10 1,631.68 797.58
Integrated Oil & Gas DJUSOL 389.59 + 12.86 69.13 +3.41 [14] –15.58 [121] +21.57 [6] –10.59 453.46 224.23
Gas Distribution DJUSGU 265.10 + 8.74 10.47 +3.41 [15] –17.25 [124] +4.11 [66] –.45 319.39 212.56
Commercial Vehicles DJUSHR 3148.22 + 87.60 421.14 +2.86 [16] +54.26 [6] +15.44 [10] +13.94 3,148.22 1,301.27
Aerospace DJUSAS 1424.47 + 38.07 29.06 +2.75 [17] –20.95 [129] +2.08 [87] –4.19 1,779.89 734.60
Gambling DJUSCA 926.36 + 24.38 112.66 +2.70 [18] –.65 [97] +13.85 [16] –2.18 926.36 338.56
Mobile Telecom DJUSWC 398.50 + 9.44 –23.73 +2.43 [19] +.36 [95] –5.62 [135] +9.86 435.66 336.62
Business Training DJUSBE 175.84 + 3.83 20.06 +2.22 [20] +23.23 [43] +12.88 [20] +2.80 175.84 78.60
NetChange %ChangeandRanking 52Week
Top20YrAgoRanked IG-Sym Close Wkly YTD Week Rank YrAgo Rank YTD Rank 3Yr High Low

Automobiles DJUSAU 973.71 – 37.41 112.42 –3.70 [132] +219.91 [1] +13.05 [19] +65.96 1,077.96 134.39

Nonferrous Metals DJUSNF 501.50 + 83.74 153.43 +20.04 [1] +209.83 [2] +44.08 [1] +26.03 501.50 71.03

Automobiles & Parts DJUSAP 1138.26 – 37.96 128.84 –3.23 [129] +173.07 [3] +12.76 [21] +46.28 1,239.34 195.90

Industrial Metals & Mining DJUSIM 307.18 + 34.37 64.33 +12.60 [2] +79.84 [4] +26.49 [2] +5.12 307.18 88.40

Computer Hardware DJUSCR 6533.79– 252.98 –68.82 –3.73 [135] +56.17 [5] –1.04 [117] +39.68 7,093.05 2,859.07

Commercial Vehicles DJUSHR 3148.22 + 87.60 421.14 +2.86 [16] +54.26 [6] +15.44 [10] +13.94 3,148.22 1,301.27

Basic Resources DJUSBS 248.68 + 14.54 29.42 +6.21 [6] +50.84 [7] +13.42 [18] +6.08 248.68 109.84

Toys DJUSTY 1499.55 – 48.65 33.99 –3.14 [128] +50.71 [8] +2.32 [85] +11.54 1,548.20 765.22

Semiconductor DJUSSC 7111.51 + 4.07 862.67 +.06 [55] +50.44 [9] +13.81 [17] +28.32 7,151.80 3,082.27

Delivery Svcs DJUSAF 1362.68 – 32.55 –50.40 –2.33 [118] +49.92 [10] –3.57 [129] +9.52 1,498.78 666.48

Technology Hardware & Equip DJUSTQ 3423.49 – 69.13 179.77 –1.98 [111] +48.58 [11] +5.54 [54] +30.64 3,492.62 1,580.41

Leisure Goods DJUSLE 996.63 – 30.98 29.00 –3.01 [127] +48.54 [12] +3.00 [76] +12.56 1,027.60 491.25

Aluminum DJUSAL 79.02 + 5.02 .27 +6.79 [5] +48.11 [13] +.35 [105] –19.47 86.19 17.51

Broadline Retailers DJUSRB 3299.78 – 41.86 –6.16 –1.25 [98] +45.21 [14] –.19 [113] +26.99 3,520.79 1,791.13

Media Agencies DJUSAV 857.46 + 14.82 138.32 +1.76 [26] +44.81 [15] +19.23 [7] +13.64 869.80 347.17

Internet DJUSNS 3040.39 – 42.35 324.62 –1.37 [102] +41.95 [16] +11.95 [24] +22.55 3,099.31 1,473.18

Specialty Retailers DJUSRS 2571.41 – 2.85 138.90 –.11 [59] +38.35 [17] +5.71 [52] +22.53 2,628.90 1,335.92

Recreational Products DJUSRP 552.47 – 12.50 37.56 –2.21 [115] +37.84 [18] +7.30 [41] +12.15 583.42 216.09

Electronic Equipment DJUSAI 955.24 – 23.05 77.24 –2.36 [119] +36.90 [19] +8.80 [36] +15.53 978.29 433.98

Footwear DJUSFT 2562.94 + .68 27.00 +.03 [56] +36.03 [20] +1.06 [95] +26.02 2,647.04 1,139.98

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

ComingEarnings

Day Consensus Year

Estimate Ago

Conitnuedfrompage11ofthemainsection.

T

Alleghany(Q4) 5.04 -6.09

Chemed(Q4) 5.13 4.22

CrackerBarrel(Q2) 0.78 2.40

EsperionTherapeutics(Q4) -3.76 -2.26

HomeDepot(Q4) 2.60 2.28

Intuit(Q2) 1.05 1.16

Leidos (Q4) 1.61 1.51

Macy’s(Q4) 0.05 2.12

Matson(Q4) 1.80 0.36

RangeResources(Q4) 0.05 0.08

Square(Q4) 0.24 0.23

TollBrothers(Q1) 0.47 0.41

W

ChesapeakeUtilities(Q4) 1.15 1.04

ChurchullDowns(Q4) -0.41 0.42

Exelon (Q4) 0.69 0.83

FidelityNational(Q4) 1.32 0.95

LBrands(Q4) 2.88 1.88

Lowe’s(Q4) 1.19 0.94

NVIDIA(Q4) 2.81 1.89

PureStorage(Q4) 0.09 0.23

ViacomCBS(Q4) 1.01 1.10

TH

AES(Q4) 0.44 0.35

Alexander&Baldwin(Q4) 0.17 0.17

AmericanElectricPower(Q4) 0.78 0.60

BestBuy(Q4) 3.44 2.90

CenterPointEnergy(Q4) 0.20 0.45

Dell(Q4) 2.19 2.13

Domino’sPizza(Q4) 3.88 3.13

DoorDash(Q4) -0.34 ....

EdisonInternational(Q4) 1.20 0.99

Etsy(Q4) 0.57 0.25

HP(Q1) 0.66 0.65

Moderna(Q4) -0.34 -0.37

PG&E(Q4) 0.21 0.68

salesforce.com(Q4) 0.75 0.66

SempraEnergy(Q4) 1.58 1.55

Vmware(Q4) 2.05 2.05

Wayfair(Q4) 0.84 -2.80

Workday(Q4) 0.55 0.50

F

Draftkings(Q4) -0.43 ....

PublicServiceEnterprise(Q4) 0.65 0.64

(Earningsaredilutedandreportdatesaretentative. Allfore-

castsandhistoricalnumbersexcludeextraordinaryitemsby

accountingdefinitions.)

Source:FactSet

SELECTEDINITIALPUBLICOFFERINGS

Initial Most

Ticker Offer IPO Recent %

Code Price Date Price Chg

AlphaCapitalAcqui ASPCU 10.00 2/19 10.47 4.7%

B.RileyPrincipal150 BRPMU 10.00 2/19 10.80 8.0%

SimonPropertyGroupSPGSU 10.00 2/19 10.96 9.6%

TailwindInternationalTWNIU 10.00 2/19 10.53 5.3%

FinServAcquisitionIIFSRXU 10.00 2/18 11.12 11.2%

ABGAcquisitionI ABGI 10.00 2/17 10.40 4.0%

FSDevelopmentII FSII 10.00 2/17 11.00 10.0%

GreenBoxPOS GBOX 10.50 2/17 14.26 35.8%

MoringaAcquisition MACAU 10.00 2/17 10.55 5.5%

NewVistaAcquisitionNVSAU 10.00 2/17 11.36 13.6%

PathfinderAcquisitionPFDRU 10.00 2/17 10.51 5.1%

SportsTekAcquisitionSPTKU 10.00 2/17 10.27 2.7%

VirpaxPharma VRPX 10.00 2/17 6.45 -35.5%

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

Durable manufacturing (NAICS) a, ................................................ Jan 106.4 r105.4 107.7 –1.21

Capacity utilization % .................................................................... Jan 75.6 r74.9 76.6 –1.31

Industrial output a, ........................................................................ Jan 107.2 r106.2 109.0 –1.65

Manufacturing (NAICS) a, ............................................................. Jan 105.3 r104.2 106.0 –0.66

Nondurable manufacturing (NAICS) a............................................ Jan 104.2 r103.0 104.2 0.00

Production

Electric power, (mil. kw hrs) (EEI) .................................................. Feb 13 83,686 79,582 77,112 8.53

Mining (NAICS) a, ......................................................................... Jan 119.6 r116.9 135.0 –11.41

Petroleum, related capacity, % ...................................................... Feb 12 83.1 83.0 89.4 –7.05

Rotary rigs running, U.S. & Can., (Hughes).................................... Feb 19 569 573 1,035 –45.02

Steel, (thous. tons)........................................................................ Feb 13 1,743 1,705 1,907 –8.60

Steel, rated capacity, % (AISI)........................................................ Feb 13 76.9 75.2 81.8 –5.99

Utilities a ....................................................................................... Jan 105.1 r106.4 98.4 6.81

ConsumptionandDistribution

Business sales, (mil. $) ................................................................. Dec 1,494.17 r1,482.77 1,458.05 2.48

Instinet Research Redbook Avg. (monthly %)................................ Feb 13 –0.94 –1.58 0.51 ....

Baltic Dry Index ............................................................................. Feb 19 1,698 1,339 497 241.65

Retail store sales, (bil. $) ............................................................... Jan 568.22 r539.67 528.89 7.44

Inventories

Business inventories, (bil. $) ......................................................... Dec 1,971.69 r1,960.49 2,024.86 –2.63

Domestic crude oil, (thous. bbls) Comm. (Excl. Lease Stck) ........... Feb 12 461,757 469,014 442,883 4.26

Latest Latest Preceding Year YroYr

Date Data Period Ago %Chg

PULSEOFTHEECONOMY

Gasoline, (thous. bbls) .................................................................. Feb 12 257,084 256,412 259,078 –0.77

Inventory–to–sales ratio (Business) .............................................. Dec 1.32 1.32 1.39 –5.04

Orders

No Activity for this Week

Trade

No Activity for this Week

Inflation

JOC–ECRI Industrial Price Index f.................................................. Feb 19 129.93 125.01 89.71 44.83

Producer price index (finished goods) c......................................... Jan 208.4 r206.2 207.8 0.29

Employment

Initial jobless claims (thous.) ........................................................ Feb 13 861 r848 215 300.47

Continuing claims (mil.) ................................................................ Feb 6 4.494 r4.558 1.729 159.92

Construction

Building contracts, F.W. Dodge, (bil. $).......................................... Jan 794.26 r828.79 778.25 2.06

New housing permits, (thous. units).............................................. Jan 1,881 r1,704 1,536 22.46

New housing starts, (thous. units) ................................................. Jan 1,580 r1,680 1,617 –2.29

OtherIndicators

Citi Research Panic–Euphoria Reading .......................................... Feb 19 1.84 r1.75 0.33 ....

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

US TREASURY BILLS

Wkly Ask

Maturity Bid Asked Chg. Yld.

Feb 23 '21 0.03 0.02 -0.02 0.02

Feb 25 '21 0.03 0.02 -0.02 0.02

Mar 02 '21 0.04 0.03 .... 0.03

Mar 04 '21 0.03 0.02 -0.01 0.02

Mar 09 '21 0.03 0.02 .... 0.02

Mar 11 '21 0.03 0.02 .... 0.02

Mar 16 '21 0.03 0.02 .... 0.02

Mar 18 '21 0.03 0.02 -0.02 0.02

Mar 23 '21 0.03 0.02 -0.01 0.02

Mar 25 '21 0.04 0.03 .... 0.03

Mar 30 '21 0.03 0.02 .... 0.02

Apr 01 '21 0.04 0.03 0.01 0.03

Apr 06 '21 0.03 0.02 -0.01 0.02

Apr 08 '21 0.03 0.02 -0.01 0.02

Apr 13 '21 0.03 0.02 -0.02 0.02

Apr 15 '21 0.04 0.03 -0.01 0.03

Apr 20 '21 0.03 0.02 .... 0.02

Apr 22 '21 0.04 0.03 -0.01 0.03

NYSEHALF-HOURLYVOLUME

Daily 2/15 2/16 2/17 2/18 2/19

9:30-10:00 ... 198,020 167,035 152,770 166,600

10:00-10:30 ... 64,555 58,640 77,939 58,172

10:30-11:00 ... 55,532 56,146 58,553 50,149

11:00-11:30 ... 41,844 63,967 44,542 42,675

11:30-12:00 ... 41,843 43,228 35,947 37,050

12:00-12:30 ... 40,048 33,241 32,541 34,025

12:30-1:00 ... 29,681 30,026 29,597 35,359

1:00-1:30 ... 26,282 29,749 31,997 32,487

1:30-2:00 ... 33,337 28,045 29,362 30,081

2:00-2:30 ... 29,352 30,075 31,176 33,768

2:30-3:00 ... 30,153 29,088 29,569 39,216

3:00-3:30 ... 37,844 35,311 37,455 43,344

3:30-4:00 ... 389,024 362,287 349,655 462,544

AMERICANDEBTANDDEFICITS

Latest Preceding YearAgoYearoverYear

Report Report Report %Chg

FederalBudgetDeficit(bil.$)-a......................................... 920FY'22 966FY'21 1,083FY'20 ....

BudgetSurplus/Deficit(bil.$)-b,January........................ –162.83 –143.56 –32.60 399.48

TradeDeficit(bil.$,sa)-c,December................................. –66.61 r-69.01 –45.68 45.82

TreasuryGrossPublicDebt.(bil.$)-d............................... 27,920.2 27,846.6 23,353.2 19.56

TreasuryStatutoryDebtLimit(bil.$)-d............................. * 21,987.7 .... ....

ConsumerInstallmentDebt(bil.$)-e,December........... 4,184.2 r4,174.5 4,190.7 -0.16

Sources:a-OfficeofManagementandBudget,b-MonthlyTreasuryStatement,c-MonthlyCommerceDept.Report,d-DailyTreasury
Statement,e-MonthlyFederalReserveRelease.*StatutorydebtlimittemporarilysuspendedthroughJuly31,2021.