March1,2021 BARRON’S M31
Last Prev. Year
Week Week AgoDJIndAvg 30932.37 31494.32 25409.36
P/E Ratio 32.92 33.74 19.73
Earns Yield % 3.04 2.96 5.07
Earns $ 939.62 933.50 1288.07
Divs Yield % 1.92 1.88 2.56
Divs $ 593.17 592.12 649.37
Mkt to Book 4.62 4.71 3.90
Book Value $ 6688.86 6688.86 6512.92DJTransAvg 13331.27 13274.21 9388.19
P/E Ratio 0.00 0.00 16.16
Earns Yield % 0.00 0.00 6.19
Earns $ (248.70) (258.84) 580.84
Divs Yield % 1.15 1.16 1.84
Divs $ 153.79 153.67 173.16
Mkt to Book 3.93 3.92 2.90
Book Value $ 3389.19 3389.19 3239.67DJUtilityAvg 795.61 846.51 839.96
P/E Ratio 21.85 23.81 24.17
Earns Yield % 4.58 4.20 4.14
Earns $ 36.42 35.56 34.75INDEXES'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
THEWEEKINSTOCKSFORTHEMAJORINDEXES
12-Month Weekly Friday Weekly 12-Month ChangeFrom
High Low High Low Close Chg. %Chg. Chg. %Chg. 12/31 %Chg.DowJonesIndexes
31961.86 18591.93 30 Indus 31961.8630932.37 30932.37 –561.95 –1.78 5523.01 21.74 325.89 1.06
13630.55 6703.63 20 Transp 13630.5513331.27 13331.27 57.06 0.43 3943.08 42.00 824.34 6.59
926.14 610.89 15 Utilities 835.85 795.61 795.61 –50.90 –6.01 –44.35 –5.28 –69.03 –7.98
10547.40 6100.31 65 Comp 10547.4010231.46 10231.46 –183.66 –1.76 1836.83 21.88 122.75 1.21DowJonesIndexes
41733.23 22462.76 US TSM Float 41490.0740254.06 40254.06 –1159.55 –2.80 10050.34 33.28 1034.44 2.64
1000.82 547.67 US Market 995.16 966.15 966.15 –27.28 –2.75 233.12 31.80 18.80 1.98
1101.29 487.28 Internet 1045.33 1005.78 1014.77 –64.71 –5.99 394.51 63.61 53.20 5.53NewYorkStockExchange
15539.42 8777.38 Comp-z 15539.4215010.47 15010.47 –352.23 –2.29 2629.50 21.24 485.66 3.34
9203.52 5036.38 Financial-z 9203.52 8853.18 8853.18 –52.77 –0.59 1151.83 14.96 560.33 6.76
20901.84 12991.76 Health Care-z 20108.5019760.30 19760.30 –315.86 –1.57 3395.44 20.75 –285.37 –1.42
8135.64 4032.17 Energy-z 8135.64 7750.92 7774.58 193.88 2.56 4.15 0.05 1271.80 19.56NYSEAmericanStockExchange
2724.41 1317.22 NYSE Amer Comp2724.41 2601.66 2601.66 –37.47 –1.42 387.96 17.53 240.76 10.20
2869.35 1742.29 Major Mkt 2869.35 2775.17 2775.17 -20.07 –0.72 318.14 12.95 28.14 1.02Standard&Poor'sIndexes
1803.14 1040.00 100 Index 1784.24 1731.42 1731.42 –51.26 –2.88 406.99 30.73 10.92 0.63
3934.83 2237.40 500 Index 3925.43 3811.15 3811.15 –95.56 –2.45 856.93 29.01 55.08 1.47
5549.23 3123.44 Indus 5490.48 5336.74 5336.74 –149.05 –2.72 1309.80 32.53 39.46 0.74
2577.70 1218.55 MidCap 2577.70 2496.26 2496.26 –39.13 –1.54 682.26 37.61 189.64 8.22
1323.76 595.67 SmallCap 1323.76 1278.56 1278.56 –10.21 –0.79 393.78 44.51 159.63 14.27NasdaqStockMarket
14095.47 6860.67 Comp 13597.9713119.43 13192.35 –682.12 –4.92 4624.98 53.98 304.06 2.36
13807.70 6994.29 100 Index 13302.1912828.31 12909.44 –671.34 –4.94 4447.61 52.56 21.16 0.16
11219.80 5239.66 Indus 10795.9610397.17 10454.86 –574.92 –5.21 3952.27 60.78 58.03 0.56
10700.32 6343.13 Insur 10700.3210356.95 10356.95 –207.28 –1.96 1308.01 14.45 270.52 2.68
4478.02 2136.72 Banks 4478.02 4288.98 4288.98 50.42 1.19 981.32 29.67 742.09 20.92
9689.72 4608.77 Computer 9319.59 8953.13 9039.78 –486.37 –5.11 3341.65 58.64 222.25 2.52
486.42 298.17 Telecom 471.19 464.56 465.96 –7.56 –1.60 105.71 29.34 –8.18 –1.72RussellIndexes
2237.63 1224.45 1000 2224.34 2159.32 2159.32 –61.61 –2.77 524.11 32.05 38.45 1.81
2299.00 991.16 2000 2284.38 2200.17 2201.05 –65.64 –2.90 724.62 49.08 226.20 11.45
2387.37 1288.04 3000 2373.83 2303.22 2303.22 –65.92 –2.78 572.91 33.11 54.78 2.44
1458.11 838.37 Value-v 1458.11 1413.20 1413.20 –14.36 –1.01 227.27 19.16 63.57 4.71
2561.97 1322.15 Growth-v 2474.67 2397.50 2406.17 –112.17 –4.45 722.63 42.92 –21.60 –0.89
2970.81 1471.40 MidCap 2970.81 2883.46 2883.46 –80.16 –2.70 730.29 33.92 140.41 5.12Others
8998.62 3854.81 Value Line-a 8998.62 8714.01 8714.01 –129.34 –1.46 2910.04 50.14 800.98 10.12
638.89 305.71 Value Line-g 638.89 618.14 618.14 –10.48 –1.67 141.85 29.78 49.37 8.68
15175.38 6621.12 DJ US Small TSM15175.3814629.45 14631.81 –398.08 –2.65 4662.43 46.77 1383.14 10.44
943.31 455.11 Barron's 400 943.31 913.00 913.00 –21.32 –2.28 269.59 41.90 60.80 7.14High/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
Palantir Technologies PLTR 1,150,000 31,142,000 2/18/21 Cohen, Stephen AF
Palantir Technologies PLTR 600,000 16,212,000 2/19/21 Sankar,Shyam O
Palantir Technologies PLTR 550,000 13,843,500 2/19/21 Cohen, Stephen AF
Palantir Technologies PLTR 503,864 13,644,637 2/18/21 Long, Matthew AF
Tradeweb Markets TW 500,000 34,500,000 2/19/21 Olesky,Lee AF
Johnson Controls International JCI 396,770 21,028,810 2/12/21 Stief, Brian AF
Peloton Interactive PTON 300,000 46,401,000 2/16/21 Foley, John AF
Peloton Interactive PTON 291,669 45,112,444 2/16/21 Lynch, William AF
Allovir ALVR 283,000 12,205,790 2/16/21 Vera, Juan AF
Duck Creek Technologies DCT 220,300 12,546,085 2/19/21 Van Biert,Eugene AF
STOCKVOLUME
Last Prev. Year YOY
Week Week Ago %ChgNYSE(a) 6,457,684 3,990,927 3,725,152 73.35
30 Dow Inds (b) 2,257,967 1,361,906 1,101,762 104.94
20 Dow Trans (b) 808,548 387,930 186,794 332.85
15 Dow Utils (b) 325,569 215,993 197,690 64.69
65 Dow Stks (b) 3,392,084 1,965,829 1,486,246 128.23
NYSE American (a) 222,693 214,495 74,151 200.32
Nasdaq(d) 31,693,847 27,845,427 20,240,660 56.59
NYSE 15 Most Active
Average Price 23.58 23.46 17.88 31.88
% Tot Vol 22.19 19.43 16.48 34.65
Stock Offerings $(z,v) 12,391,500 r7,964,800 2,554,500 385.09DailyStockVolume
Daily 2/22 2/23 2/24 2/25 2/26NYSE(a) 1,153,825 1,262,950 1,186,441 1,237,365 1,617,103
30 Inds (b) 389,675.1 461,919.2 413,352.6 454,113.1 538,907.0
20 Trans (b) 198,982.3 170,137.2 167,359.1 156,056.9 116,012.3
15 Utils (b) 64,380.4 60,668.2 63,580.5 63,344.9 73,595.3
65 Stks (b) 653,037.8 692,724.6 644,292.1 673,514.8 728,514.7
NYSE Amer(a) 45,629 54,402 40,658 36,453 45,551
Nasd(d) 6,428,869 7,415,405 5,637,245 6,323,200 5,889,128
NYSE 15 Most Active
Avg. Price 16.24 20.91 24.60 26.79 24.89
% Tot Vol 21.88 22.48 21.72 25.41 20.38
Numbersinthousandssavepriceandpercentages.(a)Primary
volume. (b)Compositevolume.(d)asof4:10pm.(r)Revised.(v)
W/EThursday.(z)Source:Refinitiv.Divs Yield % 3.48 3.27 3.08
Divs $ 27.71 27.66 25.85
Mkt to Book 2.13 2.26 2.26
Book Value $ 374.40 374.40 370.98S&P500Index 3811.15 3906.71 2954.22
P/E Ratio 38.80 39.78 22.23
Earns Yield % 2.58 2.51 4.50
Earns $ 98.22 98.22 132.90
Divs Yield % 1.53 1.48 2.08
Divs $ 58.31 57.82 61.45
Mkt to Book 4.17 4.27 3.47
Book Value $ 914.49 914.49 851.62S&PIndIndex 5336.74 5485.79 4026.94
P/E Ratio 43.97 45.20 25.02
Earns Yield % 2.27 2.21 4.00
Earns $ 121.36 121.36 160.94
Divs Yield % 1.37 1.33 1.91
Divs $ 73.11 72.96 76.91
Mkt to Book 5.65 5.81 4.56
Book Value $ 944.26 944.26 883.41Last Prev. Year
Week Week AgoU.S. DOLLAR INDEX vs EURO and YEN
-10-505101520M A M J J A S O N D JFEURO in $sYEN in $sDXY (90.93)sSource: Tullett PrebonBig Green:As Treasury yields widened, traders sought the dollar’s security. The U.S.
Dollar Index rose 0.6% for the week, to finish at 90.93.
BARRON'S50-STOCKAVERAGE
This index is an weighted average of 50 leading issues.
Useful in security valuation. Source: Barron's Stats
Feb25 Feb18 Feb Yr-to-Yr
2021 2021 2020 %ChgS&P 500 Index 3829.34 3913.97 3267.93 17.18
Barron's 50 Index 10003.679896.39 9721 2.91
Projected quarterly earn 22.10 14.67 101.43 –78.21
Annualized projected earn 88.40 58.69 405.71 –78.21
Annualized projected P/E 113.17 168.62 24.1 369.63
Five-year average earn 380.76 379.28 397.94 –4.31
Five-year average P/E 26.27 26.09 24.4 7.53
Year-end earn 314.70 314.70 388.42 –18.98
Year-end P/E 31.79 31.45 25.0 26.91
Year-end earns yield, % 3.15 3.18 4.0 –21.54
Best grade bond yields, % 1.64 1.40 2.29 –28.38
Bond yields/stock ylds, % 0.52 0.44 0.57 –9.28
Actual year-end divs 210.37 210.92 221.29 –4.94
Actual yr-end divs yld, % 2.10 2.13 2.28 –7.89
ComingU.S.Auctions
Yields(%)
Day When Last
Issued* AuctionM
$54.0bil 3-month 0.040 0.030
$51.0bil 6-month 0.058 0.046
*AsofFridayafternoon.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. ValueAm Exp 3.76 1.72 28.48
Amgen 12.31 6.56 16.36
Apple 3.28 0.82 20.37
Boeing (20.75)Suspended(15.31)
Caterpillar 5.46 4.12 26.52
Chevron Corp (2.96) 5.16 76.62
Cisco Sys 2.46 1.44 7.90
Coca Cola 1.92 1.64 4.43
Disney Walt (2.74) 0.00 49.90
Dow (3.17) 2.80 18.26
Goldman Sachs25.40 5.00227.62
Home Depot 11.93 6.00 (2.89)
Honeywell 6.72 3.6626.01
IBM 6.24 6.52 23.49
Intel 4.94 1.337 18.07Book
Earns Divs. ValueJohnson&John 5.51 4.0422.59
JPMorgChase 8.87 3.60 75.98
McDonalds 6.55 5.08(11.00)
Merck Co 2.77 2.48 10.20
Microsoft 6.70 2.14 15.63
Nike Inc 0.78 1.04 5.17
Proc Gam 5.29 3.162 18.40
3M Co 9.25 5.89 17.50
Salesforce.com 4.39 0.00 37.95
Travelers Cos 10.31 3.37101.54
UnitedHealth Grp 16.03 4.83 60.78
Verizon 4.29 2.485 14.84
Visa 4.88 1.24 13.53
Walgreens (0.81) 1.86 26.26
Wal-mart 4.73 2.16 26.36TransportationStocks
Alaska AirGroup(10.56)Suspended35.21
AmericanAirlines(13.84)Suspended(0.28)
Avis Budget Grp(9.73) Nil 8.86
C.H. Robinson 3.71 2.04 12.39
CSX Corp 3.60 1.0615.32
Delta Air Lines (19.51)Suspended23.89
Expeditors Int'l 4.08 1.04 12.94
FedEx 9.19 2.60 69.84
Hunt (JB) 4.74 1.09 21.34
JetBlue Air (3.03) Nil 17.02KC Southern 6.55 1.64 45.95
Kirby Corp (3.22) Nil 56.18
Landstar Sys 4.55 0.815 18.28
Matson Inc 4.41 0.91 18.78
Norf Southern 7.86 3.81 58.87
Ryder Sys (2.42) 2.24 46.48
Southwest Air (2.79) 0.00 18.94
Un Pacific 7.88 3.88 26.19
UPS 1.63 4.05 3.81
United Airlines (16.45) Nil 45.90UtilityStocks
AES Corp. (0.52) 0.579 4.51
Am Elec 4.44 2.88 39.73
American WaterWorks 3.91 2.20 33.85
Atmos Energy 5.15 2.34 48.18
Con Ed 3.29 3.06 54.12
DominionEnergy(0.52) 3.45 35.33
Duke Energy 1.73 3.84 61.20
Edison Int'l 1.98 2.567 36.75Exelon 2.01 1.53 33.12
FirstEnergy 2.00 1.56 12.90
NextEra Energy 1.99 1.40 75.67
Xcel Energy 2.80 1.72 25.24
Pub Sv Ent 3.76 1.96 29.94
Sempra Energy12.78 4.18 60.58
Southn Co. 2.95 2.54 25.03DISTRIBUTIONS&OFFERINGS
SecondaryDistributionsofcommonstocks
American Public Education 3,200,000 $25.00 $80,000,000
Avita Medical 2,795,000 $21.50 $60,092,500
Brainsway 9,244,000 $8.50 $39,287,000
Carnival 40,450,619 $25.10$1,015,310,537
Celcuity 1,714,000 $14.00 $23,996,000
Focus Financial Ptnrs 7,000,000 $48.00 $336,000,000
Freshpet 2,415,000 $143.00 $345,345,000
Green Plains 8,751,500 $23.00 $201,284,500
InflaRxNV 15,000,000 $5.00 $75,000,000
ScoreMedia & Gaming 6,000,000 $27.00 $162,000,000
Shopify 1,180,000 $1,315.00$1,551,700,000
Tronox 19,108,970 $18.25 $348,738,703
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 3WeeksCurrentSentiment Week Ago AgoBULLISH 78.1% 84.2% 86.1%
CurrentMarketExposure:100%Equities,0%Bonds,0%CashSource:DeltaInvestmentManagementhttp://www.deltaim.com,(415)249-6337