Barron's - USA (2021-07-12)

M36 BARRON’S July 12, 2021

SELECTEDINITIALPUBLICOFFERINGS

Initial Most

Ticker Offer IPO Recent %

Code Price Date Price Chg

AcropolisInfrastruct ACROU 10.00 7/9 10.00 0.0%

GalataAcquisition GLTAU 10.00 7/9 10.00 0.0%

SentageHoldings SNTG 5.00 7/9 34.89 597.8%

TransCodeTherapeu RNAZ 4.00 7/9 5.29 32.3%

AgricoAcquisition RICOU 10.00 7/8 10.01 0.1%

Minim MINM 4.02 7/8 3.86 -4.0%

Latest Latest Preceding Year YroYr

Date Data Period Ago %Chg

PULSEOFTHEECONOMY

Onlyincludesnewreports. Latest Latest Preceding Year YroYr

EconomicGrowthandInvestment Date Data Period Ago %Chg

No Activityfor this Week

Production

Electric power, (mil.kw hrs) (EEI) .................................................. July 3 89,212 85,364 87,540 1.91

Petroleum,relatedcapacity,%...................................................... July 29 2.2 92.9 77.5 18.97

Rotary rigsrunning, U.S. & Can., (Hughes).................................... July 9 616 611 284 116.90

Steel, (thous.tons)........................................................................ July 3 1,842 1,835 1,268 45.27

Steel, ratedcapacity, % (AISI)........................................................ July 3 83.0 82.7 56.6 46.64

ConsumptionandDistribution

InstinetResearchRedbookAvg.(monthly%)................................ July 31 3.42 40.03 –1.18 ....

BalticDry Index ............................................................................. July 9 3,300 3,285 1,810 82.32

Logistics Managers Index.............................................................. June 75.0 71.3 61.7 21.56

Wholesalesales, (mil.$) ............................................................... May 576,450 571,977 421,472 36.77

Inventories

Domesticcrudeoil,(thous.bbls)Comm.(Excl.LeaseStck)........... July 24 45,476 452,342 539,181 –17.38

Gasoline, (thous.bbls) .................................................................. July 2 235,497 241,572 251,682 –6.43

Wholesaleinventories, (mil.$) ...................................................... May 709,814 700,428 656,147 8.18

Orders

No Activityfor this Week

Trade

No Activityfor this Week

Inflation

JOC–ECRIIndustrial PriceIndexf.................................................. July 9 151.24 152.00 80.68 87.46

Employment

Initialjoblessclaims (thous.) ........................................................ July 3 373 r371 1,398 –73.32

Continuing claims(mil.) ................................................................ June26 3.339 r3.484 16.780 –80.10

Job openings, (thous.) .................................................................. May 9,209 r9,193 5,447 69.07

Hires, (thous.)............................................................................... May 5,927 r6,012 8,272 –28.35

Total separations,(thous.)............................................................. May 5,318 r5,803 4,618 15.16

Help WantedOnline–Ads (thous,) ................................................. June 7,775.5 7,566.1 3,894.2 99.67

Construction

No Activityfor this Week

OtherIndicators

Citi ResearchPanic–Euphoria Reading .......................................... July 9 1.06 r1.04 0.24 ....

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

Market Laboratory

DOWJONESU.S.TOTALMARKETINDUSTRYGROUPS

NetChange %ChangeandRanking 52Week

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

Broadline Retailers DJUSRB 3756.70+ 177.72 450.77 +4.97 [1] +19.54 [125] +13.64 [77] +27.80 3,764.36 2,973.49

Residential REITs DJUSRN 282.79 + 12.62 71.09 +4.67 [2] +44.92 [74] +33.58 [11] +13.88 282.79 179.33

ComputerHardware DJUSCR 7295.38+ 238.59 692.77 +3.38 [3] +53.18 [48] +10.49 [101] +40.46 7,295.38 4,633.54

General Retailers DJUSGT 2592.12 + 73.42 321.25 +2.92 [4] +25.80 [110] +14.15 [73] +22.52 2,592.12 2,018.69

Water DJUSWU 3370.05 + 95.73 146.35 +2.92 [5] +20.89 [121] +4.54 [123] +20.02 3,417.01 2,790.17

Retail DJUSRT 2248.13 + 60.93 273.38 +2.79 [6] +26.03 [109] +13.84 [75] +21.44 2,248.13 1,755.13

Industrial & Office REITs DJUSIO 131.94 + 3.54 22.32 +2.75 [7] +28.78 [104] +20.36 [40] +8.33 134.89 98.14

Real EstateInv Trusts DJUSRI 168.34 + 4.35 31.71 +2.65 [8] +32.57 [97] +23.21 [29] +8.09 168.34 124.06

Real Estate DJUSRE 411.29 + 10.33 75.58 +2.58 [9] +33.46 [96] +22.51 [32] +8.40 411.63 302.34

DiversifiedREITs DJUSDT 70.58 + 1.75 5.56 +2.54 [10] +29.95 [103] +8.55 [109] –.88 70.83 53.67

SpecialtyREITs DJUSSR 290.59 + 7.15 50.48 +2.52 [11] +24.95 [112] +21.02 [36] +13.79 290.59 227.58

FoodRetailers & Whlslrs DJUSFD 681.63 + 15.24 60.77 +2.29 [12] +30.59 [102] +9.79 [104] +18.90 681.63 522.07

Industrial Suppliers DJUSDS 495.82 + 10.18 52.35 +2.10 [13] +38.83 [87] +11.81 [91] +18.32 514.10 359.11

BusinessSupport Svcs DJUSIV 1074.26 + 21.05 129.69 +2.00 [14] +36.48 [90] +13.73 [76] +19.15 1,074.26 780.29

SupportServices DJUSIS 969.69 + 14.47 115.53 +1.52 [15] +40.02 [82] +13.53 [78] +22.66 969.69 679.34

Food& Drug Retailers DJUSDR 884.10 + 13.10 86.85 +1.50 [16] +28.25 [106] +10.89 [99] +12.44 884.10 691.69

Real EstateServices DJUSES 316.74 + 4.56 32.86 +1.46 [17] +49.01 [64] +11.58 [94] +17.23 330.09 204.03

SpecializedConsumer Svcs DJUSCS 2262.19 + 31.61 18.79 +1.42 [18] +41.48 [79] +.84 [131] +13.12 2,333.72 1,590.84

Specialty Finance DJUSSP 536.53 + 7.36 122.68 +1.39 [19] +36.47 [91] +29.64 [15] +29.56 536.86 365.15

Financial Administration DJUSFA 936.26 + 12.85 102.17 +1.39 [20] +39.95 [83] +12.25 [85] +25.66 936.26 647.11

NetChange %ChangeandRanking 52Week

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

Aluminum DJUSAL 127.90 – 1.64 49.16 –1.27 [111] +282.04 [1] +62.43 [2] –6.06 141.16 35.58

Nonferrous Metals DJUSNF 488.26 – 8.56 140.19 –1.72 [119] +183.17 [2] +40.28 [6] +26.32 599.28 172.83

Industrial Metals & Mining DJUSIM 369.20 – 2.20 126.35 –.59 [101] +152.01 [3] +52.03 [3] +13.91 427.18 150.79

Automobiles DJUSAU 872.44 – 25.87 11.14 –2.88 [133] +137.04 [4] +1.29 [129] +60.85 1,077.96 381.16

Automobiles & Parts DJUSAP 1039.18 – 29.68 29.76 –2.78 [130] +123.49 [5] +2.95 [125] +43.57 1,239.34 484.22

Furnishings DJUSFH 493.23 – 3.75 128.87 –.75 [105] +121.26 [6] +35.37 [8] +7.13 540.69 225.49

Steel DJUSST 366.07 + 2.27 142.99 +.62 [44] +119.94 [7] +64.09 [1] +8.17 409.96 172.35

Real Estate Holding & Dev DJUSEH 75.66 – .75 13.11 –.99 [108] +98.30 [8] +20.97 [37] –11.88 87.75 39.23

HeavyConstruction DJUSHV 700.21 + 1.01 148.92 +.14 [71] +95.16 [9] +27.01 [21] +16.45 762.49 363.63

Media Agencies DJUSAV 847.62 – 15.12 128.49 –1.75 [120] +93.29 [10] +17.87 [48] +13.17 879.24 446.56

Delivery Svcs DJUSAF 1746.70 + 7.50 333.62 +.43 [54] +85.94 [11] +23.61 [28] +18.73 1,784.59 937.01

Transportation Svcs DJUSTS 322.58 – 4.21 42.95 –1.29 [112] +79.62 [12] +15.36 [63] +3.83 345.81 178.26

Construction & Materials DJUSCN 1252.43 + 8.50 282.45 +.68 [41] +76.67 [13] +29.12 [17] +22.23 1,266.42 712.80

Exploration & Production DJUSOS 601.42 – 26.50 197.29 –4.22 [135] +75.23 [14] +48.82 [4] –10.49 636.70 275.15

Commercial Vehicles DJUSHR 3268.46 – 12.00 541.39 –.37 [93] +74.40 [15] +19.85 [41] +19.26 3,604.32 1,901.81

Banks DJUSBK 549.95 – 7.55 115.36 –1.35 [114] +74.40 [16] +26.55 [22] +5.45 594.73 312.83

Bldg Materials& Fixtures DJUSBD 1655.70 + 12.13 371.98 +.74 [37] +73.72 [17] +28.98 [18] +23.24 1,661.30 957.20

Hotel & Lodging REITs DJUSHL 88.78 – .73 12.87 –.81 [107] +72.14 [18] +16.95 [52] –12.67 95.63 49.42

Oil Equipment& Svcs DJUSOI 186.68 – 9.47 38.77 –4.83 [138] +70.16 [19] +26.22 [23] –24.73 214.95 93.27

Airlines DJUSAR 210.20 – 5.31 26.20 –2.46 [127] +70.06 [20] +14.24 [72] –6.10 252.35 123.03

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

ComingEarnings

Day Consensus Year

Estimate Ago

Continuedfrompage9ofthemainsection.

W

BlackRock(Q2) 9.34 7.85

Citigroup(Q2) 2.04 0.50

DeltaAirLines(Q2) -1.39 -4.43

PNCFinancial(Q2) 3.03 -1.90

WellsFargo(Q2) 0.93 -0.66

TH

Cintas(Q4) 2.31 1.35

MorganStanley(Q2) 1.66 2.04

UnitedHealth(Q2) 4.43 7.12

F

CharlesSchwab(Q2) 0.76 0.48

KansasCitySouthern(Q2) 2.19 1.15

StateStreet(Q2) 1.77 1.88

(Earningsaredilutedandreportdatesaretentative. Allfore-

castsandhistoricalnumbersexcludeextraordinaryitemsby

accountingdefinitions.)

Source:FactSet

US TREASURY BILLS

Wkly Ask

Maturity Bid Asked Chg. Yld.

Jul 13 '21 0.05 0.04 0.01 0.04

Jul 15 '21 0.05 0.04 0.01 0.04

Jul 20 '21 0.05 0.04 0.01 0.04

Jul 22 '21 0.05 0.04 .... 0.04

Jul 27 '21 0.05 0.04 .... 0.04

Jul 29 '21 0.05 0.04 0.01 0.04

Aug 03 '21 0.05 0.04 0.01 0.04

Aug 05 '21 0.06 0.05 0.01 0.05

Aug 10 '21 0.06 0.05 0.01 0.05

Aug 12 '21 0.05 0.04 .... 0.04

Aug 17 '21 0.05 0.04 0.01 0.04

Aug 19 '21 0.05 0.04 0.01 0.04

Aug 24 '21 0.05 0.04 0.01 0.04

Aug 26 '21 0.05 0.04 0.01 0.04

Aug 31 '21 0.05 0.04 .... 0.04

Sep 02 '21 0.05 0.04 .... 0.04

Sep 07 '21 0.05 0.04 .... 0.04

Sep 09 '21 0.05 0.04 .... 0.04

Sep 16 '21 0.05 0.04 .... 0.04

Sep 23 '21 0.05 0.04 0.01 0.04

Sep 30 '21 0.05 0.04 0.01 0.04

Oct 07 '21 0.05 0.04 0.01 0.04

Oct 14 '21 0.05 0.04 .... 0.04

Oct 21 '21 0.05 0.04 0.01 0.04

Oct 28 '21 0.05 0.04 0.01 0.04

Nov 04 '21 0.05 0.04 .... 0.04

Nov 12 '21 0.06 0.05 0.01 0.05

Nov 18 '21 0.05 0.04 0.01 0.04

Nov 26 '21 0.06 0.05 0.01 0.05

Dec 02 '21 0.06 0.05 0.01 0.05

Dec 09 '21 0.05 0.04 .... 0.04

Dec 16 '21 0.05 0.04 .... 0.04

Dec 23 '21 0.05 0.04 .... 0.04

Dec 30 '21 0.06 0.05 0.01 0.05

Jan 06 '22 0.06 0.05 .... 0.05

Jan 27 '22 0.06 0.05 0.01 0.05

Feb 24 '22 0.05 0.04 .... 0.04

Mar 24 '22 0.06 0.05 .... 0.05

Apr 21 '22 0.06 0.05 .... 0.05

May 19 '22 0.06 0.05 .... 0.05

Jun 16 '22 0.07 0.06 .... 0.06

NYSEHALF-HOURLYVOLUME

Daily 7/05 7/06 7/07 7/08 7/09

9:30-10:00 ... 141,445 119,714 163,135 108,371

10:00-10:30 ... 61,094 64,859 66,578 44,454

10:30-11:00 ... 52,232 48,690 47,856 42,653

11:00-11:30 ... 43,917 37,156 43,567 35,949

11:30-12:00 ... 36,054 34,627 36,380 30,984

12:00-12:30 ... 35,605 26,011 29,893 29,940

12:30-1:00 ... 28,317 23,857 26,872 23,820

1:00-1:30 ... 24,520 24,643 27,555 22,776

1:30-2:00 ... 23,721 25,134 27,416 21,712

2:00-2:30 ... 24,876 31,334 29,151 24,642

2:30-3:00 ... 24,821 27,648 31,445 23,761

3:00-3:30 ... 31,464 31,910 37,133 30,790

3:30-4:00 ... 475,418 389,649 405,914 375,817

AMERICANDEBTANDDEFICITS

Latest Preceding YearAgoYearoverYear

Report Report Report %Chg

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

BudgetSurplus/Deficit(bil.$)-b,May ............................... –131.95 –225.58 –398.75 -66.91

TradeDeficit(bil.$,sa)-c,May ............................................ –71.24 r-69.07 –54.92 29.72

TreasuryGrossPublicDebt.(bil.$)-d ............................... 28,472.5 28,529.4 26,446.7 7.66

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

ConsumerInstallmentDebt(bil.$)-e,May ....................... 4,279.3 r4,244.0 4,115.9 3.97

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

INFLATION-INDEXEDTREASURY

SECURITIES

Accr.

Rate Mat. Bid/Asked Chg. *Yld Prin.

0.125 01/22 101-30/32 – 6 -3.706 1182

0.125 04/22 102-09/11 – 7 -2.894 1100

0.125 07/22 103-09/11 – 7 -3.106 1163

0.125 01/23 104-06/08 – 6 -2.629 1159

0.625 04/23 105-15/17 – 6 -2.437 1077

0.375 07/23 106-04/06 – 5 -2.606 1150

0.625 01/24 107-17/19 – 4 -2.299 1147

0.500 04/24 107-21/23 – 5 -2.158 1061

0.125 07/24 107-14/16 – 4 -2.270 1127

*Yld.tomaturityonaccruedprincipal.