Barron’s - USA (2020-09-28)

M32 BARRON’S September 28, 2020

SELECTEDINITIALPUBLICOFFERINGS

Initial Most

Ticker Offer IPO Recent %

Code Price Date Price Chg

Amesite AMST 5.00 9/25 5.22 4.4%

FinTechAcquisitionIV FTIVU 10.00 9/25 10.34 3.4%

GraybugVision GRAY 16.00 9/25 16.50 3.1%

GreenwichLifeSci GLSI 5.75 9/25 5.00 -13.0%

PMVPharmaceuticals PMVP 18.00 9/25 37.51 108.4%

PreludeTherapeutics PRLD 19.00 9/25 26.20 37.9%

VectorAcquisition VACQU 10.00 9/25 10.01 0.1%

VIAoptronics VIAO 15.00 9/25 10.18 -32.1%

PeridotAcquisition PDACU 10.00 9/24 10.01 0.1%

TayshaGeneThera TSHA 20.00 9/24 24.47 22.4%

ArcLightCleanTrans ACTCU 10.00 9/23 10.02 0.2%

AspirationalConsume ASPLU 10.00 9/23 9.98 -0.2%

BentleySystems BSY 22.00 9/23 34.79 58.1%

CorsairGaming CRSR 17.00 9/23 17.25 1.5%

GoodRxHoldings GDRX 33.00 9/23 52.04 57.7%

LairdSuperfood LSF 22.00 9/23 45.00 104.5%

VPCImpactAcqui VIHAU 10.00 9/23 10.00 0.0%

FalconCapitalAcqui FCACU 10.00 9/22 10.21 2.1%

PMVConsumerAcqui PMVCU 10.00 9/22 9.95 -0.5%

Latest Latest Preceding Year YroYr

Date Data Period Ago %Chg

PULSEOFTHEECONOMY

Onlyincludesnewreports. Latest Latest Preceding Year YroYr

EconomicGrowthandInvestment Date Data Period Ago %Chg

No Activity for this Week

Production

Electric power, (mil. kw hrs) (EEI) .................................................. Sept 19 73,986 77,474 80,770 –8.40

Petroleum, related capacity, % ...................................................... Sept 18 74.8 75.8 89.8 –16.70

Rotary rigs running, U.S. & Can., (Hughes).................................... Sept 25 332 319 987 –66.36

Steel, (thous. tons)........................................................................ Sept 19 1,446 1,459 1,809 –20.07

Steel, rated capacity, % (AISI)........................................................ Sept 19 64.5 65.1 77.7 –16.99

ConsumptionandDistribution

Durable goods (bil. $).................................................................... Aug 244.1 r244.8 253.5 –3.71

Instinet Research Redbook Avg. (monthly %)................................ Sept 19 –0.87 5.83 –1.32 ....

Baltic Dry Index ............................................................................. Sept 25 1,667 1,296 1,857 –10.23

New home sales, (thous. units)...................................................... Aug 1,011 r965 706 43.20

Inventories

Domestic crude oil, (thous. bbls) Comm. (Excl. Lease Stck) ........... Sept 18 494,406 496,045 419,538 17.85

Gasoline, (thous. bbls) .................................................................. Sept 18 227,499 231,524 230,204 –1.18

Orders

Durable goods, (bil. $)................................................................... Aug 232.8 r231.8 251.0 –7.25

Trade

No Activity for this Week

Inflation

JOC–ECRI Industrial Price Index f.................................................. Sept 25 91.56 91.65 91.64 –0.09

Employment

Initial jobless claims (thous.) ........................................................ Sept 19 870 r866 215 304.65

Continuing claims (mil.) ................................................................ Sept 12 12.580 r12.747 1.672 652.39

Construction

No Activity for this Week

OtherIndicators

Citi Research Panic–Euphoria Reading .......................................... Sept 25 0.51 r0.71 –0.12 ....

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

Footwear DJUSFT 2210.57+ 161.08 340.25 +7.86 [1] +33.16 [18] +18.19 [23] +30.54 2,259.35 1,139.98

Computer Hardware DJUSCR 5549.27+ 248.101,712.41 +4.68 [2] +88.16 [3] +44.63 [5] +38.11 6,577.88 2,859.07

Broadline Retailers DJUSRB 3131.64+ 128.301,111.50 +4.27 [3] +62.28 [4] +55.02 [3] +41.96 3,520.79 1,791.13

Software DJUSSW 4041.00+ 135.68 997.31 +3.47 [4] +47.42 [7] +32.77 [8] +35.40 4,446.11 2,522.55

Water DJUSWU 2938.25 + 97.73 189.83 +3.44 [5] +7.24 [53] +6.91 [35] +16.09 3,167.32 2,090.23

Delivery Svcs DJUSAF 1379.46 + 44.20 433.54 +3.31 [6] +46.38 [8] +45.83 [4] +9.74 1,379.46 666.48

Personal Goods DJUSPG 729.81 + 23.13 33.29 +3.27 [7] +13.17 [41] +4.78 [46] +13.25 740.22 456.63

Toys DJUSTY 1210.27 + 35.18 242.23 +2.99 [8] +31.04 [19] +25.02 [16] +7.38 1,291.14 765.22

Leisure Goods DJUSLE 805.61 + 23.02 156.06 +2.94 [9] +35.47 [17] +24.03 [18] +8.65 863.67 491.25

Technology Hardware & Equip DJUSTQ 2704.72 + 76.46 575.45 +2.91 [10] +52.25 [5] +27.03 [12] +27.33 3,051.15 1,580.41

Recreational Products DJUSRP 450.90 + 11.61 72.04 +2.64 [11] +37.49 [15] +19.02 [22] +9.69 509.54 216.09

Specialized Consumer Svcs DJUSCS 1858.29 + 43.26 85.44 +2.38 [12] +2.59 [67] +4.82 [45] +14.48 1,956.94 1,129.85

Software & Computer Svcs DJUSSV 3669.69 + 82.83 751.73 +2.31 [13] +36.93 [16] +25.76 [14] +25.43 4,123.93 2,332.65

Financial Administration DJUSFA 695.57 + 14.34 92.05 +2.10 [14] +21.44 [28] +15.25 [26] +23.83 748.59 410.40

General Retailers DJUSGT 2121.86 + 41.31 568.06 +1.99 [15] +43.19 [9] +36.56 [6] +30.70 2,345.51 1,258.95

Semiconductor DJUSSC 5144.35 + 93.84 830.91 +1.86 [16] +38.53 [13] +19.26 [21] +22.22 5,577.01 3,082.27

Retail DJUSRT 1839.06 + 32.09 445.66 +1.78 [17] +38.39 [14] +31.98 [9] +26.67 2,022.70 1,135.92

Media Agencies DJUSAV 482.15 + 7.30–109.72 +1.54 [18] –16.61 [110] –18.54 [107] –6.15 601.45 347.17

Electricity DJUSEU 276.93 + 3.62 –31.67 +1.33 [19] –9.63 [95] –10.26 [85] +2.87 336.48 213.09

Conventional Electricity DJUSVE 277.27 + 3.63 –31.71 +1.33 [20] –9.63 [96] –10.26 [86] +2.87 336.90 213.35

NetChange %ChangeandRanking 52Week

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

Automobiles DJUSAU 514.02 – 44.96 301.26 –8.04 [129] +195.59 [1] +141.60 [1] +32.42 612.05 134.39

Automobiles & Parts DJUSAP 621.95 – 51.68 288.17 –7.67 [128] +118.05 [2] +86.34 [2] +19.52 726.70 195.90

Computer Hardware DJUSCR 5549.27+ 248.101,712.41 +4.68 [2] +88.16 [3] +44.63 [5] +38.11 6,577.88 2,859.07

Broadline Retailers DJUSRB 3131.64+ 128.301,111.50 +4.27 [3] +62.28 [4] +55.02 [3] +41.96 3,520.79 1,791.13

Technology Hardware & Equip DJUSTQ 2704.72 + 76.46 575.45 +2.91 [10] +52.25 [5] +27.03 [12] +27.33 3,051.15 1,580.41

Nonferrous Metals DJUSNF 204.67 – 22.74 29.16 –10.00 [136] +51.94 [6] +16.62 [24] +3.28 227.81 71.03

Software DJUSSW 4041.00+ 135.68 997.31 +3.47 [4] +47.42 [7] +32.77 [8] +35.40 4,446.11 2,522.55

Delivery Svcs DJUSAF 1379.46 + 44.20 433.54 +3.31 [6] +46.38 [8] +45.83 [4] +9.74 1,379.46 666.48

General Retailers DJUSGT 2121.86 + 41.31 568.06 +1.99 [15] +43.19 [9] +36.56 [6] +30.70 2,345.51 1,258.95

Gold Mining DJUSPM 137.46 – 7.22 34.20 –4.99 [111] +42.22 [10] +33.12 [7] +16.74 159.08 87.77

Specialty Retailers DJUSRS 2240.72 + 3.08 495.33 +.14 [29] +41.33 [11] +28.38 [11] +26.98 2,457.98 1,335.92

Mining DJUSMG 127.55 – 6.70 30.76 –4.99 [110] +39.15 [12] +31.78 [10] +13.51 147.36 81.60

Semiconductor DJUSSC 5144.35 + 93.84 830.91 +1.86 [16] +38.53 [13] +19.26 [21] +22.22 5,577.01 3,082.27

Retail DJUSRT 1839.06 + 32.09 445.66 +1.78 [17] +38.39 [14] +31.98 [9] +26.67 2,022.70 1,135.92

Recreational Products DJUSRP 450.90 + 11.61 72.04 +2.64 [11] +37.49 [15] +19.02 [22] +9.69 509.54 216.09

Software & Computer Svcs DJUSSV 3669.69 + 82.83 751.73 +2.31 [13] +36.93 [16] +25.76 [14] +25.43 4,123.93 2,332.65

Leisure Goods DJUSLE 805.61 + 23.02 156.06 +2.94 [9] +35.47 [17] +24.03 [18] +8.65 863.67 491.25

Footwear DJUSFT 2210.57+ 161.08 340.25 +7.86 [1] +33.16 [18] +18.19 [23] +30.54 2,259.35 1,139.98

Toys DJUSTY 1210.27 + 35.18 242.23 +2.99 [8] +31.04 [19] +25.02 [16] +7.38 1,291.14 765.22

Internet DJUSNS 2313.47 + 23.08 391.11 +1.01 [22] +29.58 [20] +20.35 [20] +17.46 2,709.71 1,473.18

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

columnshowsthechangefromprevious65-daymovingaverage.Volumefiguresdonotreflectextendedtradinghours.

ComingEarnings

Day Consensus Year

Estimate Ago

Continuedfrompage11ofthemainsection.

T

MicronTechnologies(Q4) 0.98 0.56

SYNNEX(Q3) 2.26 3.30

TH

BedBath&Beyond(Q2) -0.36 0.34

ConagraBrands(Q1) 0.57 0.43

ConstellationBrands(Q2) 2.50 2.72

PepsiCo(Q3) 1.48 1.56

SMARTGlobal(Q4) 0.79 0.50

(Earningsaredilutedandreportdatesaretentative. Allfore-

castsandhistoricalnumbersexcludeextraordinaryitemsby

accountingdefinitions.) Source:FactSet

US TREASURY BILLS

Wkly Ask

Maturity Bid Asked Chg. Yld.

Sep 29 '20 0.06 0.05 -0.01 0.05

Oct 01 '20 0.05 0.04 -0.03 0.04

Oct 06 '20 0.07 0.06 -0.01 0.06

Oct 08 '20 0.07 0.06 -0.01 0.06

Oct 13 '20 0.07 0.06 -0.01 0.06

Oct 15 '20 0.08 0.07 -0.01 0.07

Oct 20 '20 0.08 0.07 -0.01 0.07

Oct 22 '20 0.08 0.07 -0.01 0.07

Oct 27 '20 0.08 0.07 -0.01 0.07

Oct 29 '20 0.08 0.07 -0.02 0.07

Nov 03 '20 0.08 0.07 -0.01 0.07

Nov 05 '20 0.09 0.08 -0.01 0.08

Nov 10 '20 0.09 0.08 .... 0.08

Nov 12 '20 0.08 0.07 -0.01 0.07

Nov 17 '20 0.09 0.08 -0.01 0.08

Nov 19 '20 0.09 0.08 -0.01 0.08

Nov 27 '20 0.09 0.08 .... 0.08

Dec 03 '20 0.09 0.08 -0.01 0.08

Dec 10 '20 0.09 0.08 -0.01 0.08

Dec 17 '20 0.09 0.08 .... 0.08

Dec 24 '20 0.10 0.09 .... 0.09

Dec 31 '20 0.10 0.09 -0.01 0.09

Jan 07 '21 0.09 0.08 -0.01 0.08

Jan 14 '21 0.10 0.09 .... 0.09

Jan 21 '21 0.10 0.09 .... 0.09

Jan 28 '21 0.10 0.09 .... 0.09

Feb 04 '21 0.10 0.09 .... 0.09

Feb 11 '21 0.10 0.09 .... 0.09

Feb 18 '21 0.10 0.09 .... 0.09

Feb 25 '21 0.11 0.10 .... 0.10

Mar 04 '21 0.11 0.10 .... 0.10

Mar 11 '21 0.11 0.10 -0.01 0.10

Mar 18 '21 0.11 0.10 -0.01 0.10

Mar 25 '21 0.11 0.10 .... 0.10

Apr 22 '21 0.11 0.10 .... 0.10

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

NYSEHALF-HOURLYVOLUME

Daily 9/21 9/22 9/23 9/24 9/25

9:30-10:00 162,563 103,129 102,625 146,049 102,495

10:00-10:30 72,364 44,930 49,710 58,758 46,891

10:30-11:00 61,877 39,466 43,244 57,196 38,478

11:00-11:30 46,525 39,482 35,907 43,373 32,479

11:30-12:00 42,781 29,203 33,267 39,185 28,926

12:00-12:30 34,083 25,068 27,365 34,583 23,888

12:30-1:00 34,116 25,266 26,430 27,306 23,130

1:00-1:30 28,053 25,419 23,691 33,902 22,980

1:30-2:00 30,417 25,245 29,912 34,036 22,087

2:00-2:30 33,823 27,498 43,317 30,076 24,386

2:30-3:00 34,877 26,727 46,806 39,779 25,674

3:00-3:30 46,733 37,022 57,748 48,662 35,115

3:30-4:00 593,454 498,583 482,390 334,537 371,427

AMERICANDEBTANDDEFICITS

Latest Preceding YearAgoYearoverYear

Report Report Report %Chg

FederalBudgetDeficit(bil.$)-a ......................................... 1,068FY'21 1,101FY'20 1,092FY'19 ....

BudgetSurplus/Deficit(bil.$)-b,August ......................... –200.10 –62.99 –200.34 -0.12

TradeDeficit(bil.$,sa)-c,July ............................................ –63.56 r-53.46 –51.04 24.53

TreasuryGrossPublicDebt.(bil.$)-d ............................... 26,777.8 26,781.5 22,607.4 18.45

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

ConsumerInstallmentDebt(bil.$)-e,July ....................... 4,138.9 r4,126.6 4,122.6 0.40

Sources:a-OfficeofManagementandBudget,b-MonthlyTreasuryStatement,c-MonthlyCommerceDept.Report,d-DailyTreasury

Statement,e-MonthlyFederalReserveRelease.*StatutorydebtlimittemporarilysuspendedthroughJuly31,2021.

TRADINGSUSPENDED

NYSE

AstraZeneca (AZN)

Garrett Motion (GTX)

Hermitage Offshore Services (PSV)

Keurig Dr Pepper (KDP)

Superior Energy Services (SPN)

Nasdaq

Majesco (MJCO)

Town Sports International Holdings (CLUB)

m005_p2bw272000_0_m00500_1____xa2020_02.pdf 1

26-Sep-20 03:34:06