SUSTAINABLE INVESTING TAKES ON NEW URGENCY • PULLOUT SECTION

VOL. C NO. 26 JUNE 29, 2020 $5.00

LEADERSHIP
IN THE CRISIS
The upheaval of 2020 has brought extraordinary challenges to these 25 bosses
and their companies. Our annual roster of top CEOs. PAGE 18

Elon Musk Kenneth

Tesla Frazier
Merck
He rocketed
Daniel O’Day Adena
two He built a
Gilead Friedman
astronauts cancer-drug
Sciences Nasdaq
into space, powerhouse
He speeded up and Tesla She kept and now is
the testing and cars down the the financial developing
distribution assembly line. markets Covid-19
of Covid-19 running vaccines.
treatment smoothly from
remdesivir. employees’
homes.
>
63142
C O NT EN TS 06.2 9.20 VOL.C NO.26

P. 9 P. M1 P. 34

Dell Technologies Now Other Voices: The U.S.

Looks Even Better The Unmaking of a Rally Needs Immigrants
One of our favorite stocks for 2020 This past week brought a dose of reality as investors try to calculate the economic fallout By ERIC SCHMIDT
could enjoy further upside as Dell from a second wave of Covid-19. Problem spots are underscored by the selloff in banks
mulls a spinoff of its VMware stake. and an overconcentration in tech stocks. By BEN LEVISOHN P. M4
By ANDREW BARY
Nasdaq Composite Info Tech Weighting in S&P 500
Euro Trader: Two
P. 12 (left scale) (right scale) Oversold Airport Plays
So Much for the 10,000 1999 30% By RUPERT STEINER

29.18%
2 02 0
Return to Normal
27.23%
P. M4
A spike in coronavirus cases has
some rethinking their investments. 25
Emerging Markets:
Will value stocks get some love? Picks in Health Care
By AVI SALZMAN
7500 By CRAIG MELLOW

20
P. 13 P. M5

A Marvellous MLP Striking Price: Get Set

Cover references (clockwise): Saul Martinez/Getty Images; Eric Piermont/AFP/Getty Images; Simon Dawson/Bloomberg; Alex Brandon/AP/Shutterstock
With a 9% Yield 5000 15 for a Tech Pullback
Magellan Midstream Partners has By STEVEN M. SEARS
a stellar reputation—and cheap
shares that look ready to rebound. P. M6
10
By ANDREW BARY
Commodities: Metals
P. 14
2500 Regain Their Luster
Tracing the Shape of 5
By MYRA P. SAEFONG

an Economic Rebound
A look at five industries hit hard SPECIAL SECTION
by the Covid-19 pandemic, and 0 0
where they might be headed next.
Accentuating the ‘S’
By MATTHEW C. KLEIN
’00 ’05 ’10 ’15 ’20 in ESG Investing
Sources: S&P Dow Jones Indices; FactSet Efforts to rate companies on environ-
P. 18 mental, social, and corporate
governance criteria have long
Our Annual Ranking downplayed the hard-to-quantify
of Top CEOs social component. That’s changing,
Index P. 4
These 25 standouts are rising to P. 6 P. 29 as stakeholders of all stripes hold
Review & Preview P. 10
meet the challenges of a new age. businesses to a higher bar.
By JACK HOUGH
Mailbag P. 35 Up & Down Wall Street: Funds: A Big Reshuffle
Inside Scoop P. M7
Charting the Market P. M9 As Covid-19 Surges, for Russell Indexes JUNE 29, 2020

P. 28 Winners & Losers

Research Reports
P. M10
P. M11
Uncertainties Return By EVIE LIU

A Bond Fund That Has Market View P. M12

By RANDALL W. FORSYTH
P. 30
Long Outpaced Stocks P. 8
Profile: AllianzGI Convertible has
Cover Illustration by Tech Trader: Virtual
an impressive 27-year track record.
Denise Nestor
Streetwise: Nvidia Trade Shows Could be W h

By LEWIS BRAHAM © 2020 Dow Jones & Company,

Finds Another Niche the Future Barron’s Roundtable
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June 29, 2020 BARRON’S 3

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Abbott Labs ABT 4.35%
AbbVie ABBV 4.24%
Bristol-Myers Squibb BMY 3.63%
Thermo Fisher Scientific TMO 3.63%
*Components and weightings as
of 5/31/20. Please see website for Amgen AMGN 3.54%
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Medtronic MDT 3.43% Visit www.sectorspdrs.com or call 1-866-SECTOR-ETF
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An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF or
visit www.sectorspdrs.com. Read the prospectus carefully before investing.
The S&P 500, SPDRs®, and Select Sector SPDRs® are registered trademarks of Standard & Poor’s Financial Services LLC. and have been licensed for use. The stocks included in each Select Sector Index were selected by the compilation agent. Their composition and
weighting can be expected to differ to that in any similar indexes that are published by S&P. The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward
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ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust.
4 BARRON’S
I N D EX
Our index lists significant companies mentioned in stories and columns,
plus Research Reports, and Corrections & Amplifications. The references
are to the first page of the item in which the company is mentioned.
A Adobe . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S6
Aeroports de Paris . . . . . . . . . . . . . . . . . . . . . . . . M4
Alaska Air Group . . . . . . . . . . . . . . . . . . . . . . . . . . S6
Albertsons . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Alphabet . . . . . . . . . . . . . . . . . . . . . . . . . 10,12,33,M5
Amazon.com . . . . . . . 11,12,15,20,22,32,M3,M5,S2
American Airlines Group . . . . . . . . . . . . . . . . . 6,15
Apple . . . . . . . . . . . . . . . . . 10,12,21,22,30,33,M2,M5
Avaya Holdings . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
Avidity Biosciences . . . . . . . . . . . . . . . . . . . . . . . M7
B Bank of America . . . . . . . . . . . . . . 16,21,25,M2,S3
Bank of New York Mellon . . . . . . . . . . . . . . . . . . 16
Bausch Health . . . . . . . . . . . . . . . . . . . . . . . . . . . M7
Best Buy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,S10
BlackBerry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M11
BlackRock . . . . . . . . . . . . . . . . . . . . . . . . 21,23,S3,S6
Burlington Stores . . . . . . . . . . . . . . . . . . . . . . . . . . 29
C Canada Goose Holdings . . . . . . . . . . . . . . . . . . . . 11
Capital One Financial . . . . . . . . . . . . . . . . . . . . . . 16
Cardtronics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M7
Carnival . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
CBRE Group . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S6
Celltrion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M4
Chipotle Mexican Grill . . . . . . . . . . . . . . . . . . 21,26
Cisco Systems . . . . . . . . . . . . . . . . . . . . . . . . . . 30,S3
Clorox . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S6
Codexis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M11
Coherent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S6
Conagra Brands . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
CoreLogic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M9
Constellation Brands . . . . . . . . . . . . . . . . . . . . . . . 11
Costco Wholesale . . . . . . . . . . . . . . . . . . . . . . . 15,20
CVS Health . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,25
D Danaher . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
Dell Technologies . . . . . . . . . . . . . . . . . . . . . . . . 9,10
Delta Air Lines . . . . . . . . . . . . . . . . . . . . . . . . . 15,S6
DexCom . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
E Eaton Vance . . . . . . . . . . . . . . . . . . . . . . . . . . . . S4,S6
Ecolab . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22,S3
Ekso Bionics Holdings . . . . . . . . . . . . . . . . . . . . M9
Enterprise Products Partners . . . . . . . . . . . . . . 13
Enviva Partners . . . . . . . . . . . . . . . . . . . . . . . . . . M7
Etsy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
F Facebook . . . . . . . . . . . . . . . . . . . 12,21,27,33,M2,M5
Fastenal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S4
FedEx . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,22
First Solar . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M3
Flughafen Zuerich . . . . . . . . . . . . . . . . . . . . . . . . M4
Ford Motor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
Fortinet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S4
Fraport . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M4
G Gap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M9
General Electric . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
General Mills . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
General Motors . . . . . . . . . . . . . . . . . . . . . . 21,22,26
GEO Group . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M3
Gilead Sciences . . . . . . . . . . . . . . . . . . . . . . 20,26,M3
Goldman Sachs Group . . . . . . . . . . . . . . . . . . 16,M2
Granite Construction . . . . . . . . . . . . . . . . . . . . . . M3
Groupon . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M7
H Harvard Bioscience . . . . . . . . . . . . . . . . . . . . . . . M7
Hasbro . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S6
Hertz Global Holdings . . . . . . . . . . . . . . . . . . . . . . 7
Hewlett Packard Enterprise . . . . . . . . . . . . . . . 30
Home Depot . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
I Inovio Pharmaceuticals . . . . . . . . . . . . . . . . . . . M9
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Intel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,22 Magellan Midstream Partners . . . . . . . . . . . . . .13
Martin Marietta Materials . . . . . . . . . . . . . . . . M3 O Ormat Technologies . . . . . . . . . . . . . . . . . . . . . . . S6
J Jack in the Box . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 McDonald's . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,M3
JPMorgan Chase . . . . . . . . . . . . . . . . . . . . . . . 21,23 Merck . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 P Peloton Interactive . . . . . . . . . . . . . . . . . . . . . . . . .12
Micron Technology . . . . . . . . . . . . . . . . . . . . . . . . . 11 Penn National Gaming . . . . . . . . . . . . . . . . . . . . M9
K Keysight Technologies . . . . . . . . . . . . . . . . . . . . . S6 Microsoft . . . . . . . . . . . . . . . . 12,21,26,33,M2,S2,S6 Pfizer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M3
Morgan Stanley . . . . . . . . . . . . . . . . . . . . . . . . 16,M2 PG&E . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M9
L Landec . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M7 Mylan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Ping An Healthcare & Technology . . . . . . . . M4
Lithia Motors . . . . . . . . . . . . . . . . . . . . . . . . . . . . M11 Progressive . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21,24
Lockheed Martin . . . . . . . . . . . . . . . . . . . . . . . . M11 N Nasdaq . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21,24 PVH . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S6
Lowe's Cos. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,23 Navient . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M3
Luckin Coffee . . . . . . . . . . . . . . . . . . . . . . . . . . . . M9 Netflix . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24,M5 R Raia Drogasil . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M4
Lyft . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 Nike . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S2,S4 Ralph Lauren . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Norwegian Cruise Line Holdings . . . . . . . . . . 15 Regeneron Pharmaceuticals . . . . . . . . . . . . . 20,26
M Macy's . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,S6 Nvidia . . . . . . . . . . . . . . . . . . . . . . . . . . 8,21,24,S6,S11 RingCentral . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
Rite Aid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M9
Royal Caribbean Cruises . . . . . . . . . . . . . . . . 12,15
S Samsung Biologics . . . . . . . . . . . . . . . . . . . . . . . . M4
Shenzhen Mindray Bio-Medical ElectronicsM4
Sherwin-Williams . . . . . . . . . . . . . . . . . . . . . . . . M11
Shopify . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,25
Sirius Radio . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
SoftBank Group . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Southwest Airlines . . . . . . . . . . . . . . . . . . . . . . . . . 15
Rupert Murdoch Executive Chairman, News Corp Spotify Technology . . . . . . . . . . . . . . . . . . . . . . . . .10
Robert Thomson CEO, News Corp Almar Latour CEO, Dow Jones State Street . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
Strategic Education . . . . . . . . . . . . . . . . . . . . . . . M3
DEPUTY PUBLISHER, BARRON’S GROUP Daniel Bernard
ASSOCIATE PUBLISHERS, BARRON’S GROUP Mae M. Cheng, Dan Shar
T Tapestry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S6
MANAGING EDITORS, BARRON’S GROUP Duncan Mavin, Dave Pettit Target . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
HEAD OF INTERNATIONAL, BARRON’S GROUP Francesco Guerrera Teladoc Health . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
Tesla . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,21,33,M3
T-Mobile US . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M3
EXECUTIVE EDITOR Bob Rose SENIOR MANAGING EDITOR Lauren R. Rublin Translate Bio . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M9
DEPUTY EDITOR Alex Eule DEPUTY EDITOR Ben Levisohn
U Uber Technologies . . . . . . . . . . . . . . . . . . . . . 33,M3
EDITORIAL DIRECTOR, INVESTING & ASSET MANAGEMENT Beverly Goodman Unilever . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M2
EDITORIAL DIRECTOR, MAGAZINE Phil Roosevelt UniQure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M9
MANAGING EDITOR, DIGITAL Matt Bemer MANAGING EDITOR, FEATURES Jeffrey Cane
United Airlines Holdings . . . . . . . . . . . . . . . . 12,15
United Parcel Service . . . . . . . . . . . . . . . . . . . . . . 22
MANAGING EDITOR, ENTERPRISE Brian Hershberg
ASSISTANT MANAGING EDITORS Mary Romano, Robert Sabat V Vaxart . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M9
Verizon Communications . . . . . . . . . . . . . . M2,S11
ASSOCIATE EDITORS Andrew Bary, Randall W. Forsyth, Jack Hough, Eric J. Savitz V.F. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S6
SENIOR WRITERS Bill Alpert, Daren Fonda, Reshma Kapadia, Matthew C. Klein, Leslie P. Norton, VMware . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,10
Volkswagen . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
Al Root, Avi Salzman, Alexandra Scaggs, Lawrence C. Strauss
Vulcan Materials . . . . . . . . . . . . . . . . . . . . . . . . . . M3
REPORTERS Lisa Beilfuss, Max A. Cherney, Carleton English, Nicholas Jasinski, Evie Liu,
Josh Nathan-Kazis, Teresa Rivas, Connor Smith, Ben Walsh W Walmart . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,20,25
Walt Disney . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
STORY EDITORS Henry Cutter, Ed Lin, Erin McCarthy Wells Fargo . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16,M2
West Pharmaceutical Services . . . . . . . . . . . . . S6
COPY DESK Michael J. Burlingham, Richard Rescigno, Robert Teitelman
Wingstop . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M11
EDITOR AT LARGE Jack Otter Wirecard . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,10
Workhorse Group . . . . . . . . . . . . . . . . . . . . . . . . . M9
AUDIO PRODUCER Mette Lützhøft DIGITAL PRODUCERS Robert Cushing, Clare McKeen Wuxi Biologics . . . . . . . . . . . . . . . . . . . . . . . . . . . . M4
DESIGN DIRECTORChris Mihal ART DIRECTORS Robert Connolly, Nick Hallam, Sue Ng W.W. Grainger . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S6
DIRECTOR OF PHOTOGRAPHY Sarina Finkelstein PHOTO EDITORS Sam Kelly, Nicole Silver
Z Zillow Group . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
RESEARCH DIRECTOR Pauline Yuelys RESEARCHER Dan Lam Zoom Video Communications . . . . . . . . . 12,21,33
STATISTICS MANAGER Michael T. Kokoszka STATISTICIAN Darren Chima
MANAGER, ADVERTISING SERVICES James H. Balmer ASSOCIATE MANAGER Ward S. McGuiness
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June 29, 2020 BARRON’S 5

WHAT’S DRIVING THE SCALE OF

SUSTAINABLE INVESTING?
I AM COURTNEY THOMPSON
Vice President, Global Sustainable Finance

Better access to data is empowering today’s

investors with greater clarity into variables like
water usage, data privacy, consumer trust, diversity,
land use and conservation. By taking this information
into account, investors can make better decisions
for the long term. With one in four dollars globally
now following some form of sustainable investing,
investors have the power to change the markets in
ways that reflect the issues they care about most.1

To watch Courtney’s Morgan Stanley Minute on

“The Scale of Sustainable Investing,” go to morganstanley.com/sustainable-portfolios.

1
Source: “Sustainable Signals: Asset Owners Embrace Sustainability,” Morgan Stanley, 2018
Because sustainability criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market
trends as investors that do not use such criteria.
© 2020 Morgan Stanley Smith Barney LLC and Morgan Stanley & Co. LLC. Members SIPC. CRC 2779466 10/19
6 BARRON’S
UP & D OWN WALL STREET
Optimism Takes a Hit,
Putting Washington’s
Help in the Spotlight
N
early halfway
through 2020, one
of the year’s many
ironies is that its
number is associ-
ated with perfect
vision. Just as no
one could foresee the calamity of the
coronavirus when the year began,
the view forward to the second half
remains foggy.
The optimism about a V-shaped
recovery, powered by unprecedented
monetary and fiscal stimulus policies
and a reopening of states’ economies,
is being challenged as new Covid-19
infections soared to a record of nearly
40,000 cases on Thursday. As a re-
sult, the stock market’s rally reversed,
with the major averages suffering
their second weekly loss in the past
three weeks, ranging from 1.9% for
the Nasdaq Composite to 3.3% for the
Dow Jones industrials.
Two events this past week exem-
plify the impact massive government
relief policies have had on markets
and the economy.
American Airlines Group
(ticker: AAL) took advantage of capi-
tal markets buoyed by the Federal
Reserve’s asset purchases, which
were extended to corporate debt and
exchange-traded funds along with
the usual Treasury and agency mort-
gage securities begun earlier in the
quarter. The central bank’s backstop
to the credit markets was instrumen-
tal in powering rallies in the equity
and debt markets, which allowed
American to sell $1 billion of com-
mon and $1 billion of convertible se-
curities along with $2.5 billion of five-
year notes priced to yield just over
12%. (Both the converts and the notes
were trading well below their issue
prices by week’s end, reflecting the
selloff in risk assets.)
In addition, American is seeking a
$4.75 billion government loan under
the Cares Act, the $3 trillion measure
to provide relief from the shutdown,
By Randall W. collateralized by its loyalty program.
Forsyth The Cares Act also threw a lifeline
to U.S. households, whose spending
soared a record 8.2% in May, the Com-
merce Department reported on Friday.
Households were able to use the stim-
ulus checks to swell April’s personal
income by 10.5%.
Those payments from Uncle Sam
were exceptionally generous, includ-
ing an extra $600 in unemployment
The Federal Re-
serve’s backstop to
the credit markets
was instrumental in
powering rallies in
the equity and debt
markets.
The question for markets is whether continued
monetary input from the Fed can offset the
apparent stalling of the reopening of the economy.
benefits, equal to 134% of the median
income they replaced and double the
previous income for one of five recipi-
ents, according to a University of Chi-
cago working paper.
However, these pandemic relief
payments are slated to expire at the
end of July, unless Congress agrees to
extend them. At the same time, state
and local governments face a huge
fiscal hole left by the effects of
Covid-19. New York City Mayor Bill de
Blasio this past week warned of mak-
ing 22,000 municipal layoffs in order
to cut the budget by $1 billion.
While the pandemic has been a
unique event, there’s been a repeat of
a feature of past market and eco-
nomic downturns: the unmasking of
a financial fraud. This cycle’s miscre-
ant was Wirecard (WDI.Germany), a
German fintech, which filed for insol-
vency after revealing that 1.9 billion
euros ($2.13 billion) in cash was likely
nonexistent. So Wirecard joins the
likes of Bernie Madoff and Enron,
whose frauds were exposed by previ-
ous bears.
The question for the markets is
whether continued monetary input
from the Fed will be sufficient to off-
set the apparent stalling, or even re-
versal, of the reopening of the econ-
omy. That’s in addition to the
uncertainty over fiscal policies. On
June 29, 2020
the federal level, another package
totaling perhaps $1.5 trillion more
might be agreed to after Congress’
July 4 recess.
But in the absence of aid from
Washington, states, cities, and coun-
ties would be forced to slash budgets
and payrolls with unemployment still
in the teens. Reflecting this, Nomura
economists expect a 1.5 million rise in
June’s nonfarm payrolls report slated
for release on Thursday (a day early
owing to Friday’s Independence Day
observance), consisting of a 1.6 million
increase in private payrolls and a
100,000 drop in government payrolls
owing to the strain on budgets from
the pandemic.
Then there’s the small matter of
what could happen next November.
Regardless of one’s politics, President
Donald Trump’s re-election and the
Republicans retaining of their major-
ity in the Senate are viewed as more
positive for the stock market. Former
Vice President Joe Biden, the pre-
sumptive Democratic challenger, fa-
vors raising taxes, including on corpo-
rations. While polls give him a double-
digit lead, they also showed Trump
trailing four years ago.
No wonder the view forward is
anything but clear.
T
he bigger the drop, the big-
ger the pop, according to
one market maxim. With
the stock market rebound-
ing from its first-quarter pandemic
plunge with one of its best quarters in
decades, that saying seems true.
But, as another adage holds, the
easy money has been made (although
it sure hasn’t seemed easy). Through
Thursday, the S&P 500 index had
recovered 38% from its March 23
lows, while the Nasdaq Composite
was up 46% and set a record this past
week, and the Russell 2000 index of
small-cap stocks had jumped 43%.
Johannes Eisele/Getty Images
Also evident in the rebound has
been the surge in speculative trading
by the public, says Julian Emanuel,
chief equity and derivatives strategist
at BTIG. That trend, a subject of re-
cent columns, might not be obvious in
fund flows but is reflected in the re-
cord number of account openings—
June 29, 2020
Up & Down Wall Street Continued
with online brokers offering zero commis-
sions and fractional-share transactions—
and record odd-lot trading of options.
“What caught our attention wasn’t the
sports bettors or doctors trading, but the
high-volume, wild price action in bank-
rupt shares that made us feel the public’s
participation was getting frothy,” Eman-
uel says.
The most prominent example: Hertz
Global Holdings (HTZ), which bounced
again this past week on news that it is
selling much of its used-car fleet. The
latest move in the bankrupt auto-rental
outfit’s shares made no more sense than
their earlier pop after the company had
filed for Chapter 11, because the sales
proceeds would go to holders of Hertz’s
asset-backed securities, as our colleague
Alexandra Scaggs has reported on Bar-
rons.com.
This reminds Emanuel of the dot-com
bubble days of 1999-2000, which imparted
another lesson: “The public’s participation
can go on a lot longer and remain more
intense than one might expect.”
It might seem difficult to reconcile the
disconnect between the huge rally, with the
S&P 500 index just 9% below its record
high, and double-digit unemployment and
coronavirus infections surging across the
South and the West. But, the BTIG strate-
gist observes, that’s not so surprising, given
the massive stimulus provided by the Fed
and fiscal policy from Washington.
Historically low interest rates—with the
Fed officially pegging its federal-funds
target near zero, and de facto yield-curve
control keeping Treasury note yields in
tight ranges, with the 10-year benchmark
hovering near 0.70%—is offered as a justi-
fication for high stock price/earnings mul-
tiples. But low interest rates are warning
that something is wrong, avers Peter Cec-
chini, former chief market strategist at
Cantor Fitzgerald.
The risk is contagion through the finan-
cial system, as defaults lead to tighter lend-
ing standards, he continues. The Fed’s sup-
port of the corporate bond market has
boosted stocks. But justifying equities’
buoyant prices by ignoring the current
profit collapse in favor of 2021 or 2022 earn-
ings expectations recalls the valuation para-
digms of past bubbles. Remember 1999,
when some internet stocks traded on multi-
ples of “eyeballs,” or 2006, when sky-high
house prices would never decline?
Even if this time is different (yet another
market adage, one that ought to flash a
yellow light to investors), both strategists
think caution should be the byword. They
BARRON’S 7
suggest similar options strategies to lock in
gains and protect against giving them
back. What they don’t recommend are
blithely bullish strategies that expose op-
tions traders to open-ended losses if the
Align Your
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advance reverses into retreat.
Given the public’s power to push prices
higher, Emanuel doesn’t think it’s time to
sell stocks short. Instead, he suggests mon-
etizing the surge in the Nasdaq-100 big
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That could be done by writing, or selling,
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The premium income from call writing
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email: randall.forsyth@barrons.com
8 BARRON’S
ST R E E T W I S E
How Nvidia Went
From Gaming to AI to
Riding With Mercedes
I
f you’ve ever whiled away
hours mashing buttons on a
videogame controller, I’d like
to thank you for your service.
I’m beginning to think you
helped invent self-driving
cars. You might have pitched
in on cancer treatments, too.
See, on Tuesday, Nvidia (ticker:
NVDA), a powerhouse in videogame
chips, announced a partnership with
Mercedes-Benz, the world’s largest
luxury car maker, to redesign its
entire fleet around a software-defined
computing network with over-the-air
updates and recurring revenue for
applications. “This is the iPhone
moment of the car industry,” Nvidia
CEO Jensen Huang told me.
To investors who have followed
Nvidia’s transformation over the past
five years, this makes perfect sense.
It helps explain why the stock has
multiplied 18 times in price over that
period.
Huang co-founded Nvidia in 1993
to make a new type of computer chip
ideal for powering three-dimensional
videogames—a few years before
games needed such a thing. Fancier
games soon followed. This fiscal year,
which ends in January, gaming will be
worth an estimated $6.1 billion in rev-
enue for Nvidia. But there’s much
more to the company than that.
“People thought we were a video-
game company,” says Huang. “But
we’re an accelerated computing com-
pany where videogames were our first
killer app.”
To see the second killer app, just
look at Wall Street forecasts for this
year. Revenue in a category Nvidia
calls Data Center is expected to more
than double, to $6.5 billion. That will
mean gaming is no longer the com-
pany’s biggest moneymaker.
Nvidia owes its success in data
centers to the rising use of artificial
intelligence, because videogame chips
just happen to be well suited to that
type of computing. There’s a perfectly
By Jack Hough good explanation for why this is the
case—I know this, because
sometimes people try to walk me
through it, while I stare back at them
like a dog watching Cirque du Soleil.
The closest I came to understand-
ing it was this past week, talking with
Chris Rolland, an analyst at Susque-
hanna Financial Group. He described
how lighting up a display pixel in-
volves three “vectors”—an x and y
coordinate, plus a color. Artificial in-
telligence also uses three vectors, he
said, in an operation called matrix
multiply-accumulate. Soon after that
my brain felt hot, so I started thinking
about bobbing for apples, which
helped.
Anyhow, Rolland says a lot of
companies are trying to make chips
BARRONS.COM/PODCASTS
Barron’s Streetwise
In a new weekly podcast by Barron’s, columnist Jack Hough
looks at the companies, people, and trends you should be
watching. This is Wall Street like you’ve never heard before.
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or your favorite listening app.
Investors who have watched Nvidia transform
itself over the past five years have seen its stock
price multiply some 18 times.
even better suited to AI but that
Nvidia has created powerful software
for programming its chips, called
CUDA, making its role secure for now.
Nvidia leads in what’s called parallel
processing, or performing many tasks
at the same time, whereas Intel
(INTC) rules in serial processing, or
performing single tasks very quickly.
Right now, there’s massive growth
in parallel processing. Jefferies ana-
lyst Mark Lipacis calls it the fourth
tectonic shift in computing, after the
move from mainframes to minicom-
puters in the 1960s, to personal com-
puters in the ’80s, and to cellphones
and data centers beginning in the late
’90s.
He attributes the rise of parallel
processing to cheap memory, practi-
cally unlimited data storage, and, yup,
improvements in processing chips and
software. In other words, Nvidia’s
Huang made the product, and the
market for it appeared, just like with
videogames.
A
rtificial intelligence is in-
creasingly useful for turning
raw customer data into sales
tips, or automatically telling
which photos in a collection include
Uncle Burt, or spotting cancer on a
patient scan that a doctor might miss.
It’s also what cars will one day use to
drive themselves. If anyone asks how
it works, tell them there’s a subset of
AI called machine learning, and a
subset of that called deep learning,
which uses something called artificial
neural networks. Then pretend you
have to take an emergency call from
NASA to help with a super-hard
space question.
June 29, 2020
According to Rolland at Susque-
hanna, Tesla (TSLA) has the lead in
autonomous driving, in part because it
has developed its own hardware and
software. Other car makers must ei-
ther spend vast sums and bone up on
AI and chip-making, or else find a
partner, if they don’t want to risk fall-
ing behind. Rolland says a company
called Mobileye is in a good position to
be one of those partners. Mobileye,
however, was snapped up by Intel in
2017. Nvidia’s advantage, he says, is
that its chips are already being used
for the job of training autonomous-
driving algorithms.
Huang at Nvidia calls the
Mercedes deal a transformative
moment for the company, because it
has gone from hardware for
videogames, to hardware and
software for AI, to now hardware,
software, and services for cars. He
says that makes Nvidia a platform
company, not just a chip maker. “The
first vertical market that we chose is
autonomous vehicles because the
scale is so great,” he says. “And the
life of the car is so long that if you
offer new capabilities to each new
owner, the economics could be quite
wonderful.”
Nvidia’s earnings per share are
expected to jump 40% to $8.15 this
fiscal year. Shares recently traded at
$370, or 45 times earnings. Data
centers could be a $10 billion business
for the company within three years.
Cars are still less than $1 billion.
How long until cars truly drive
themselves? I would have guessed
more than a decade, but Rolland at
Susquehanna says it could be 2025.
Huang says, “We’re going to have
humans in the loop for a long time.” I
asked him if it’s true that cars will
have to be programmed to prioritize
whom to hit and to avoid if it comes
to that in an accident. A top chip
chief told me that over dinner several
years ago, and I’ve been trying to fig-
ure out ever since how to get on the
“avoid” list.
Huang says it isn’t true. “If a car gets
in front of you, stop,” he says. “Other-
wise just stay in your lane. Simple.” B
email: jack.hough@barrons.com
 June 29, 2020 BARRON’S 9

Dell’s market value is around $38 billion.

“Dell is trading at a very high conglom-
erate discount,” says Amit Daryanani, an RIDE THE REMOTE
PRODUCTIVITY TREND
analyst at Evercore ISI. “The stock in a
steady state should be worth in the $60s,
and with a spin, in the mid-$70s.”
Barron’s has written favorably about
Dell, including making it a favorite stock for
2020. Dell makes servers, personal com-
puters, and other hardware. Companies
like Dell, with multiple businesses and as-
sets, often trade at a discount to their sum-
of-the-parts value. The stock trades for just
under eight times projected earnings in its
current fiscal year ending in January 2021.
Why so cheap? Dell has a lot of debt—
CEO Michael Dell roughly $40 billion, excluding its finance
unit—largely stemming from its 2016 pur-
chase of EMC.

A Spinoff Is
Dell likely can’t do a spinoff of its VM-
ware stake until September 2021, the fifth
anniversary of the EMC deal, which in-

One Way Out

cluded the VMware stake, because of tax
reasons. So investors may have to wait. But
tax expert Robert Willens tells Barron’s that
investors who have contacted him would

Of Purgatory
like Dell to commit to a spinoff in 2021.
The decision rests with CEO Michael
Dell, who controls about half of Dell’s

For Dell Shares

stock. Dell declined to comment on the
Journal report, which said the company
might also seek to buy out the public hold-
ers in VMware. Or Dell could do nothing.
Indeed, divesting its stake in VMware

A more bullish option for the computer
hardware giant would be to convert
supervoting shares into regular stock.
ByANDREW BARY
WFH
could leave it as “an undifferentiated hard-
ware company,” Daryanani says. Work From Home ETF
But if Dell wants to escape its valuation
purgatory, it needs to spin off VMware and
maintain a close relationship with the com-
pany through a partnership agreement. Call 646-846-7370 or go to
VMware would likely relish its indepen-
dence and could garner a higher valuation
Direxion.com/WFH
as a result. VMware shares, which fell 2.5%

D
ell Technologies shares have
looked tempting ever since they
came public in 2018.
The reason is Dell’s 81% stake in
the cloud-software company VMware
(ticker: VMW), which is worth more than
Dell itself. Yet Dell stock has appreciated
little since it went public because of con-
cerns about the future of the company’s
hardware business and uncertainty about
whether investors would get their hands on
those shares of VMware, which Dell has
called its “crown jewel.”
The chances of a VMware distribution to
holders of Dell (DELL) have now appar-
Simon Dawson/Bloomberg
this past week, to $146.50, trade for about
25 times current-year earnings projections.
Here’s a bullish scenario for Dell: The
company spins off its VMware stake, con-
verts its supervoting stock in VMware
into the stock that now trades publicly,
and VMware agrees to take on $10 billion
in debt and pay a special cash dividend to
its holders including Dell, which would
allow Dell to cut its debt.
Another bonus would be if Michael Dell
agrees to turn his supervoting stock in Dell
into regular stock. That would allow Dell to
potentially enter the S&P 500 index—S&P
doesn’t admit companies with dual-class
An investor should carefully consider a Fund’s investment objective, risks, charges, and
expenses before investing. A Fund’s prospectus and summary prospectus contain this and
other information about the Direxion Shares. To obtain a Fund’s prospectus and summary
prospectus call 646-846-7370 or visit our website at direxion.com. A Fund’s prospectus and
summary prospectus should be read carefully before investing.
Direxion Shares ETF Risks - Investing involves risk including possible loss of principal. There is no
guarantee the investment strategy will be successful. The value of stocks of information technology
companies and companies that rely heavily on technology is particularly vulnerable to rapid changes
in technology product cycles, rapid product obsolescence, government regulation and competition,
both domestically and internationally, including competition from competitors with lower production
costs. ADRs are issued by non-U.S. companies and are subject to various foreign investment risks
including but not limited to the risk that the currency in the issuing company’s country will drop
relative to the U.S. dollar, that politics or regime changes in the issuing company’s country will
undermine exchange rates or destabilize the company and its earnings. Additional risks of the Fund

ently increased. The company is consider-
ing a spinoff of its VMware stake, The Wall
Street Journal reported. Dell shares rose
8%, to $52.25 this past week, and there
could be more upside if a spinoff goes for-
ward. Dell’s stake in VMware is worth $50
billion, or about $67 for every Dell share.
shares into the index—and Michael Dell
would still call the shots, given his domi-
nant economic stake. If he acts, Silver Lake,
which also holds supervoting Dell stock,
would likely follow.
Now, that could be heavenly for Dell
shareholders. B
include, but are not limited to, Index Correlation/Tracking Risk, Index Strategy Risk, Market Disruption
Risk, American Depositary Receipts Risk and risks associated with the market capitalizations of the
securities in which the Fund may invest. Please see the summary and full prospectuses for a more
complete description of these and other risks of the Fund.
Distributor: Foreside Funds Services, LLC
10
R E VIEW
WILL IT SPEED PROFITABILITY?
Spotify’s Big
Podcast Push 23%
Spotify Technology has made a bold push into podcast-
ing recently, signing to exclusive deals top-tier talent like
Joe Rogan, Bill Simmons, and Kim Kardashian West, and
partnering with DC Comics to make shows. The stock
has more than doubled in the past three months.
It’s now worth $45 billion, more than twice the value
of the entire global recorded music industry. Podcasts are
a growing business, but not a very big one. Analysts don’t
think that podcast ads in the U.S. will bring in $1 billion
until next year. Most podcasts are free and platform-
agnostic. For now, Apple has almost all of the same
podcasts as Spotify available for free on its phones.
Spotify has yet to make an annual profit and isn’t
projected to do so until 2022. The stock now trades at
about 300 times that year’s earnings estimate.
Will exclusive podcasts move the needle, maybe even
help Spotify get profitable sooner? Rogan’s deal to stream
his show only on Spotify starting next year will undoubt-
edly attract new subscribers to the company’s free or paid
service. But Spotify, which some estimate has spent more
than $500 million on podcast deals since the start of
2019, is keeping Rogan’s paycheck a secret.
Buying talent can produce big headlines, but it
doesn’t always pay off for investors. Sirius Radio
shocked the world when it signed Howard Stern, a deal
announced in 2004. The stock never came close to its
tech bubble highs. After Sirius flirted with bankruptcy
during the financial crisis, it has performed about in line
with the S&P 500 index. At Spotify’s valuation, that
kind of return won’t thrill investors. — Avi Salzman
BARRON’S
25,015.55
Dow Industrials: -855.91
THE NUMBERS
Arizona’s percentage of positive
Covid-19 tests, highest in the
nation. Average for U.S.: 5.5%.
$47 B
Volume of junk bonds raised in
June, beating the previous
monthly record, $46.4 in Sep-
tember 2013, says Bloomberg.
33%
Level of U.S. personal savings in
May, from 8.2% in February and
12.7% in March, according to
the St. Louis Federal Reserve.
80%
Price decline in solar panels
over the past 10 years. Wind
turbines have fallen 60%.
To get Numbers by Barron’s
daily, sign up wherever
you listen to podcasts or at
Barrons.com/podcasts
June 29, 2020
394.14
Dow Global Index: -8.18
0.64%
10-year treasury note: -0.06
The Burden of Data HE SAID
Stocks were buffeted by alternating
signs of recovery and evidence of a
Covid-19 surge. U.S. trade rep Peter
“Our best
Navarro spooked markets by saying
the China trade deal was over, until the
estimate right
White House took it back. After an-
other Nasdaq record, stocks sank on
now is for every
reports of possible new tariffs on Eu-
rope, a gloomy IMF forecast, and an-
case that’s
other 1.5 million jobless claims. Mean-
while, new Covid infections swept reported, there
across the Sunbelt. On the week, the
Dow Industrials shed 3.3% to actually are 10
25,015.48; the S&P 500 lost 2.86% to
3009.04; and the Nasdaq Composite other infections.”
retreated 1.9% to 9757.22. Centers for Disease Control and
Prevention Director Robert Redfield
Counting Waves
With over 33 states showing increases
in cases, fears of a second wave crested,
even as infectious disease czar Dr. An-
thony Fauci noted the U.S. was still
struggling with the first. The president
said he ordered a slowdown in testing
to reduce case numbers, then repeated
it after the White House claimed he
was joking. “I don’t kid,” he said. The
administration suspended employ-
ment-based visas through year-end
and urged the Supreme Court to end
Obamacare. New York, New Jersey,
and Connecticut required travelers
from hard-hit states to quarantine, Audrey Strauss, oversees the office. Sepa-
Texas and Florida closed bars, and rately, a judge allowed former National
Disneyland delayed reopening. The Security Adviser John Bolton’s book about
U.S. death toll raced past 125,000. the White House to be distributed but
criticized him for putting national security
Testing the Banks
Federal Reserve stress tests said the
top 33 banks could suffer $700 billion
in loan losses in a worst-case scenario
at risk. And an appeals court said a fed-
eral judge had to accept the DOJ’s dis-
missal of charges against Michael Flynn.
and ordered them to suspend buybacks Annals of Deal-Making
in the third quarter—many already Dell Technologies is examining options
Illustration by Elias Stein; Drew Angerer/Getty Images
have—and cap dividends. that could include spinning off its 81%
VMware stake for $50 billion…The DOJ
Controversial Justice
The Justice Department said Geoffrey
Berman, the U.S. attorney running the
Southern District of New York, would
and a group of state attorneys general met
to discuss a possible antitrust action
against Alphabet’s Google...In a complex
sale, SoftBank Group sold its T-Mobile
be leaving—a report he rejected. US stake worth more than $30 billion
Trump denied any involvement, but based on a discount to the telecom’s re-
Attorney General William Barr then cord high share price of $107.16 on Tues-
had to get the president to fire Berman. day...Albertsons went public at $16, be-
A permanent replacement—Securities low its target range, valuing the grocer at
and Exchange Commission chief Jay $9.3 billion...German fintech Wirecard
Clayton—would have to be confirmed declared insolvency after discovering $2
by the Senate. For now Berman’s No. 2, billion missing from its balance sheet.
 June 29, 2020 BARRON’S 11

P R EV IEW Wednesday ADP releases its National Employment Report Sign up for the Review &
for June. Economists forecast a gain of 2.9 Preview daily newsletter at
million private-sector jobs, a huge improvement on May’s 2.8 million decline. Barrons.com/reviewpreview

Monday 6/29 The Federal Open Market Commit-

Micron Technology reports fiscal
third-quarter results.
The National Association of Real-
tors reports its Pending Home Sales
Index for May. Economists forecast a
sharp rebound of 25%, to an 89 read-
ing; in April, the index slumped by
21.8%. An index of 100 is equal to the
average level of contract activity dur-
ing 2001, which was the first year to
be examined.
The Federal Reserve Bank of Dallas
releases its Texas Manufacturing Out-
look Survey for June. The index is ex-
A BRICKS-AND-MORTAR PLAY pected to show a continuing bounce-
back in the manufacturing sector, with
tee releases the minutes of its June
monetary-policy meeting.
ISM releases its Manufacturing Pur-
chasing Managers’ Index for June. The
consensus forecast is for a 49 reading,
up from 43.1 in May and 41.5 in April.
Thursday 7/2
The Bureau of Labor Statistics re-
leases the jobs report for June. Econo-
mists expect it to show that 3 million
nonfarm jobs were added, and that the
unemployment rate fell to 12.2% from
13.3%. This follows a 2.5 million gain in
nonfarm payrolls in May—a stunning
number, as nearly all forecasts had

Might Amazon
Upstairs, Downstairs
Amazon stock has soared in a
shelter-at-home world, while
a minus 30 reading, after registering called for a large decline.
minus 74 and minus 49.2 in April and
May, respectively. The Department of Labor reports on
initial jobless claims for the week

Bag Macy’s?
Macy’s has floundered.
ended on June 27. Jobless claims have
Amazon.com and Macy’s shares,
year to date
Tuesday 6/30 fallen for 12 consecutive weeks, since
peaking at 6.9 million in late March,
50 Conagra Brands and FedEx report but remain well above one million—a
Amazon.com expects year-over-year sales to surge 27% in Amazon.com earnings. record high before this year.
25 Macy’s
the second quarter, and its stock is up by 40%. Macy’s has
closed stores, furloughed workers, and seen its sales and Mylan holds an extraordinary share-
shares tumble by 60% this year—though, unlike many of its
0
holder meeting to seek approval for the Friday 7/3
retail rivals, it remains solvent. Nonetheless, Dominic -25 proposed merger with Upjohn, a divi-
Rispoli, a managing director with Lincoln International’s sion of Pfizer that sells off-patent U.S. equity and fixed-income markets
-50
consumer group and head of its retail effort, thinks that drugs, largely in emerging markets. are closed in observance of Indepen-
Amazon, which acquired Whole Foods Market in 2017, -75
The merger was announced 11 months dence Day.
should consider buying the 116-year-old retailer with some ago and had been expected to close in
Jan. Feb. Mar. Apr. May June
of its $27 billion in cash. mid-2020, but has been delayed to the
It’s a provocative argument. Rispoli notes that 80% of second half of the year, due to the im- Coming Earnings
retail’s $3.7 trillion in sales goes through brick-and-mortar Malled pact of the Covid-19 pandemic. Consensus Estimate Year ago
M
stores. Amazon has a 38% share of e-commerce, but only Here are the largest of some 355 Micron Technologies (Q3) $0.74 $1.05
5.6% of all retail. Macy’s, he says, “could be transformative retail bankruptcies in 2020. The Institute for Supply Manage- T
for Amazon.” Why? Macy’s has a $5 billion online business. ment releases its Chicago Purchasing Acuity Brands (Q3) 1.21 2.53
“This would plug in nicely with the Amazon platform from Top five retail bankruptcies Managers’ Index for June. The consen- FedEx (Q4) 1.88 5.01
in 2020, by assets (bil) W
day one,” he adds. And Macy’s would give Amazon access to sus call is for a 42 reading, up from
General Mills (Q4) 1.06 0.83
the second-biggest consumer market: apparel and footwear. J.C. Penney
May’s 32.3, which was the lowest since TH
Amazon has found it tough to get branded apparel compa- March 1982. Lindsay (Q3) 0.88 0.50
nies to sell aggressively on its website. Ralph Lauren and
Canada Goose are featured at Macy’s or its Blomingdales
Neiman Marcus
The Conference Board releases its
Consensus Estimate
Day Consensus Est Last Period
stores—not so much at Amazon. Buying Macy’s might help. Consumer Confidence Index for June. T June Consumer Confidence 90.0 86.6
Stage
As for price, Macy’s market cap is down to $2.15 billion. It Expectations are for a 90 level, up from W May Construction Spending 0.75% -2.9%

trades for 0.4 times estimated 2021 sales, and had $5.7 billion 86.6 in May. Th June Nonfarm Payrolls 3,000,000 2,509,000
Illustration by Elias Stein

in debt in May. It refinanced $4.5 billion in loans earlier, Chinos June Unemployment Rate 12.2% 13.3%
May Trade Balance -$52.0 bil -$49.4 bil
which it will use to pay off some debt. Leverage, however, is
relative. Amazon threw off some $20 billion in free cash flow Pier 1 Wednesday 7/1 May Factory Orders 7.2% -13.0%
Unless otherwise indicated, times are Eastern. a-Advanced;
over the past 12 months. Macy’s hasn’t made noises about f-Final; p-Preliminary; r-Revised Source: FactSet
$0 2 4 6 8 For more information about coming economic reports
selling. But at prices like this, Amazon might stop by and Constellation Brands and General - and what they mean - go to Barron’s free Economic
check out the goods. — Luisa Beltran and Al Root Sources: FactSet; Bankruptcy.com Mills report quarterly results Calendar at www.barrons.com
 12
Investors at a Crossroads
As Coronavirus Forces
Rethinking of Reopenings
After a spike in Covid-19 cases, largely in the South and West, a path to recovery now looks
more uncertain. Expect more volatility and greater attention to pandemic data.
BY AVI SALZMAN
T
he stock market’s path dur-
ing the pandemic has fol-
lowed a sure and steady
trajectory higher in recent
months, tracking the grad-
ual progress in health out-
comes. As of June 8, the
S&P 500 was up for the year.
The past week, however, has
changed that seemingly inevitable
narrative. Covid-19 cases are surging
again in some parts of the country,
forcing a change in the reopening
timeline. Texas has closed its bars,
Florida paused its reopening schedule,
Apple has shut stores it had reopened,
and Disneyland in California is post-
poning its comeback. The S&P 500
ended down 2.9% for the week.
The stocks everyone liked at the
start of the pandemic are rising again,
and the stocks sensitive to a “return to
normal” have stumbled. That means
Zoom Video Communications
(ticker: ZM), Etsy (ETSY), Peloton
Interactive (PTON) have been flying,
as Royal Caribbean Cruises (RCL)
and United Airlines Holdings (UAL)
fall. Evercore’s “quarantine” portfolio
has outperformed its “rebound” portfo-
lio by 10% since June 8.
The turn has created a new puzzle
for investors, many of whom had
started focusing on 2021 earnings ex-
pectations as the next performance-
driver for stocks. The old market
John Locher/AP/Shutterstock
gauges, like manufacturing surveys,
jobs tallies, and retail sales, feel like
lagging indicators.
The new leading indicators deal
with the disease. Yet tracking its prog-
ress is tricky even for epidemiologists
who have studied these issues for de-
BARRON’S
“You’re going cades. For financial specialists, it is
to have this even less certain—those Johns Hop-
kins hats don’t always fit right on the
tug of war heads of Wharton grads. The result is
between the a mishmosh of investment advice.
Bulls point to several factors in
reopening their favor: The Fed is highly support-
versus the ive; Congress looks ready to add more
stimulus; and treatments are slowly
corona starting to lead to better health out-
cases.” comes. But the uncertainty about
those outcomes is causing volatility to
Keith Lerner, chief
market strategist
spike, with the Cboe Volatility Index,
at SunTrust or VIX, rising to the mid-30s on Fri-
Advisory Services day, above its long-term average of 19.
“Right now, volatility in the stock
market is heightened, because there is
Customers playing craps at the Bellagio in Las Vegas after casinos reopened in Nevada.
friction between the past, present, and
future,” John Petrides, portfolio man-
ager at Tocqueville Asset Manage-
ment, tells Barron’s. “The future is
looking past Covid. The present is
dealing with Covid. The past is ex-
plaining what Covid has done.”
The volatility is likely to continue.
“You’re going to have this tug of
war between the reopening versus the
corona cases, and that’s going to inject
some volatility into the market,” says
Keith Lerner, chief market strategist at
SunTrust Advisory Services. “I think
the underlying trend, even though it is
going to be jagged, is going to be one
of gradual improvement in the num-
bers in fits and starts.”
For now, the health numbers are
trending negative. On Thursday, U.S.
states reported 39,972 new cases of
Covid-19—a one-day record—with
growing numbers in Texas, California,
Florida, and Arizona.
How the virus appears to be
spreading is different now, making it
more difficult to use the past as a
guide. While April’s initial surge was
centered in New York and New Jersey,
and took a particularly awful toll on
nursing homes, it now appears to be
hitting younger people more. In Ari-
zona, people aged 20 to 44 account for
almost half of all cases, a trend that
also holds for Texas and Florida. Be-
cause younger victims are less likely
to be hospitalized because of Covid-19,
June 29, 2020
the growth in cases is not resulting in
high numbers of hospitalizations in
most areas—the one exception, as of
last week, was Houston, where hospi-
tals were at full capacity. Death rates
have continued to fall, too.
Are statewide lockdowns coming
back? Most analysts say no. Governors
are highly reticent to issue broad stay-
in-place orders now that they have
better capabilities to test people
widely and pinpoint hot spots. But it
doesn’t take government-imposed
shutdowns to affect the economy.
When the disease is spreading, some
people get scared and stay home.
“If fatality rates start to increase,
we don’t need an official shutdown for
economic activity to be impacted dra-
matically,” Dennis DeBusschere, the
leader of the portfolio strategy team at
Evercore, said on a call this past week
with investors. “We’re going to see
natural social distancing, which has
already started in Houston and, to a
lesser extent, Miami and Phoenix.”
A
mid the uncertainty, investors
have piled into popular
stocks. The five largest
names—Alphabet (GOOGL),
Amazon.com (AMZN), Apple
(AAPL), Facebook (FB), and Micro-
soft (MSFT)—now make up just under
a quarter of the S&P 500. The valua-
tion gap between growth and value and
momentum and value is now wider
than it has been since the financial
crisis, and perhaps the widest ever.
Lerner thinks that tech will remain
strong, because investors will look for
companies that can grow organically
at a time when economic growth re-
mains threatened.
DeBusschere, however, sees a rota-
tion coming. Value stocks can outper-
form under two scenarios, he argued.
Either scared investors move to more
defensive stocks, or Congress passes a
fiscal stimulus package that spurs
economically sensitive stocks to rise.
“We’re excited about a potential
violent rerating higher in value and
cyclicals sometime over the next
month,” he said.
The risk to that thesis, however, is
that the situation gets much more dire,
and Congress doesn’t pass a stimulus
package, DeBusschere said. “There is
a potential chaos trade of no fiscal
package and much worse Covid out-
comes at least for a period of time,
which could create that dire scenario
for markets and clearly value gets
crushed.” B
 June 29, 2020 BARRON’S 13

ThisMLPIs
who has an Outperform rating and
$53 price target on the units. “It has a
conservative and analytic manage-
ment team and won’t overpay for ac-

APipeline quisitions.”
Mears, the CEO for the past nine
years, sounds a bit like Warren Buffett

Toa 10%Yield when he says: “We exhibit great

discipline when it comes to deploying
capital. I tell investors frequently that
one of the more important things we
do to outperform our peers is
Magellan Midstream Partners has something we don’t do—which is to
engage in expensive mergers and
a strong pipeline network in the
acquisitions. There is no better way to
center of the country and a destroy value than to overpay for a
reputation for being well run. large acquisition.”
Magellan has a moderate debt load
of $5 billion and investment-grade
bond ratings. Reflecting bond inves-
By ANDREW BARY tors’ comfort with the company, Ma-

M
agellan Midstream
Partners has gained a
reputation for being one
of the best-run and fi-
nancially astute pipeline
operators in the country.
The Tulsa company’s
main business is operating a 9,800-
mile pipeline network that carries
gasoline, diesel fuel, and other petro-
leum products from refineries in
Texas and the Midwest throughout
the central part of the country. It pro-
vides 50% or more of the refined
products in several states. Magellan
(ticker: MMP) also runs crude-oil
pipelines in Texas, Oklahoma, and
some neighboring states. It has 100
million barrels of storage capacity.
Its partnership units, which are
down 35% so far in 2020, to about
$41, look appealing with a 10% yield.
The distribution—the master limited
partnership’s form of dividends—ap-
pears secure despite the economic
downturn that has cut fuel demand.
The depressed price reflects in part
investors’ distaste for the energy in-
dustry and the once-hot pipeline busi-
ness. Enterprise Products Partners
(EPD), Magellan’s closest peer, also
Courtesy of Magellan Midstream Partners|, L.P.
Magellan’s pipelines carry gasoline, diesel, and other petroleum products from refineries in Texas and the Midwest.
peers. Magellan gets 85% of its profits
from what it views as low-risk fee-
“We exhibit
based activities.
Magellan’s 10% yield does come
with some risk. The company cut its
2020 projection for distributable cash
flow, an MLP cash flow measure, by
roughly 10% to 15% because of a drop
in demand for gasoline and other pe-
troleum products during the Covid-19
economic downturn. Magellan still
expects its distributable cash flow of
$1 billion to $1.075 billion this year to
cover its distribution by a ratio of 1.1 to
1.15 times.
The distribution, which rose 5% in
2019, will be held flat this year. It is
possible that there will be little or no
increase next year as the company
seeks to build its targeted coverage
ratio to 1.2 times.
and recover to 2019 levels by August.
That’s a reasonable assumption,
great given that Midwest and Southwest
economies have reopened and that
discipline many vacationers are driving and not
when it flying. Jet fuel demand remains weak,
but it accounts for less than 10% of
comes to Magellan’s volumes.
deploying The company’s earnings are ex-
capital.” pected to fall about 15% this year, to
$3.80 a share (with distributable cash
Michael Mears,
CEO of Magellan
flow about 75 cents higher) and rise
Midstream 10% next year.
Partners “For investors coming into mid-
stream, it’s one of the first companies
to consider,” says Elvira Scotto, an
analyst with RBC Capital Markets
Pipeline Peers
How Magellan Midstream Partners compares with rival companies.
gellan’s recently issued 10-year debt
now yields 2.5%.
One issue for investors in the pipe-
line sector is whether MLPs should
convert to corporations. Kinder Mor-
gan (KMI) and Williams Cos. (WMB)
are corporations, and many investors
hate getting partnership K-1 tax forms,
preferring 1099s.
Mears says Magellan is disinclined
to convert. He says that while Magel-
lan could get a higher valuation in the
stock market, the trade-off would be
lower profits because of taxes. “We
evaluate that trade-off frequently and
at this point, the right answer is to
stay a partnership,” he says.
That may not be the answer some
investors want to hear, but Magellan
has given it a lot of consideration. In a
sector not known for great corporate
governance, Magellan stands out, with
all of its nine directors elected by unit
holders.
Straight talk from Mears is part of
Magellan’s allure, along with a vital
pipeline network and a reasonably
secure 10% yield. B

carries a 10% yield. “As long as you believe that driving Recent YTD Market 2020E 2020E Dividend
“This is the kind of business that gets back to normal or close to normal Company / Ticker Price Change Value (bil) EPS P/E Yield Structure
attracts investors looking for solid, in the Midwest and the regions they
Magellan Midstream
stable income,” Michael Mears, Magel- serve, Magellan ought to be a good $44.10 -30% $9.8 $3.80 11.6 9.5% MLP
Partners / MMP
lan’s CEO tells Barron’s. “This is a not investment,” says Eli Samaha, a port-
a high growth business. One of the folio manager at Madison Avenue Enterprise Products
19.02 -32 40.0 1.99 9.6 9.7 MLP
benefits of that is it doesn’t attract a lot Partners in New York, which holds Partners / EPD
of competition. The market is very the stock. Energy Transfer / ET 7.88 -39 20.6 0.97 8.1 16.0 MLP
stable. It’s more or less utility-like on Magellan has projected that de-
Kinder Morgan / KMI 15.44 -27 34.0 0.70 22.1 7.0 Corp.
the refined product side.” mand for gasoline, which accounts for
The company has consistently gen- 60% to 65% of its products volume, Williams Cos. / WMB 18.74 -18 22.7 0.85 22.0 8.6 Corp.
erated the highest returns among its will drop 25% in the second quarter E=Estimate Source: Bloomberg
14
The Next 100 Days Will
Test the Resilience of
These Five Sectors
The recession may well be over, but the hard work of recovery remains.
What to watch for in industries hardest hit by Covid-19 shutdowns.
By MATTHEW C. KLEIN
T
he coronavirus contraction
could end up being the
shortest U.S. recession
ever. In fact, there are good
reasons to think it’s al-
ready over.
With the 100 days since
the World Health Organization de-
clared the outbreak a pandemic now
past, economic data have been show-
“If the trough
ing sharp snapbacks, albeit from ex-
traordinarily low levels. The apparent
recovery has happened so fast that
economists can’t keep up, and have
been wildly off base in their forecasts
in some instances.
Take the recent nonfarm payrolls
report—economists predicted job
losses of about 8 million; U.S. busi-
nesses, driven by easing lockdown
restrictions, added 2.5 million jobs.
Similarly strong readings have shown
BARRON’S
up in retail spending, industrial pro-
duction, and home building.
Alternative high-frequency data
corroborate this picture. OpenTable’s
data on sit-down restaurants show the
number of seated diners in U.S. restau-
rants down about two-thirds from last
year—not great numbers, but a huge
improvement from the end of April,
when lockdowns kept many Ameri-
cans home. Similarly, the Transporta-
tion Security Administration’s daily
data on the number of people passing
through airport security checkpoints
now show roughly four times as many
as at the bottom in mid-April.
When the National Bureau of Eco-
nomic Research said that the U.S.
economy had peaked in February, it
is in May noted that “the unprecedented magni-
or even tude of the decline in employment and
production, and its broad reach across
June, the the entire economy, warrants the des-
recession... ignation of this episode as a recession,
even if it turns out to be briefer than
would be earlier contractions.”
the shortest James Poterba, an economist at
MIT and a member of the NBER’s
one on Business Cycle Dating Committee,
record.” told Barron’s that “if the trough is in
James Poterba, May or even June, the recession that
MIT economist followed the peak of February 2020
June 29, 2020
would be the shortest one on record.”
Looking forward to the next 100
days and beyond, the challenge is
making sure the recovery is strong
enough to get businesses and workers
back to where they were before the
outbreak began before the economy
suffers permanent damage. This will
be especially challenging for such sec-
tors as airlines, restaurants, personal
services, and live entertainment,
where workers and customers usually
interact indoors in proximity.
Cementing the recovery depends
on two things: the health situation not
deteriorating, and continued federal
government support for workers,
businesses, and state and local gov-
ernments.
The health situation is a wild card.
Hospitalization rates are rising rapidly
in states that were quickest to lift re-
strictions, most notably Arizona and
Texas. Robert Redfield, director of the
Centers for Disease Control and Pre-
vention, has warned that seasonal flu
in the winter could make the corona-
virus even tougher to handle.
Political opposition to mask-wear-
ing could force more restrictive lock-
downs than otherwise necessary. But
improved testing, new treatments, and
quicker responses by local govern-
ments could potentially prevent the
kind of economic collapse we experi-
enced in April.
The fiscal support is another wild
card. The government’s roughly $2.6
trillion in initial spending forestalled
an extended calamity, but some now
want to ease off the gas. The Paycheck
Protection Program has helped many
businesses survive, but it wasn’t de-
signed to last for more than a few
months, and efforts to expand or ex-
tend it have stalled.
Even if there is no double dip or
second wave, sustained rapid growth
will be necessary to bring back the
tens of millions of jobs that were lost.
The recession may be over, but the
hard work of recovery remains.
Here’s a look at industries hit hard
by the Covid-19 pandemic, and where
they may be headed next.
Airlines
Few industries suffered more than
airlines early in the pandemic. Reve-
nues collapsed as passengers canceled
trips and countries imposed travel
bans. The stocks plunged on bank-
Illustration by
DANIEL HERTZBERG
June 29, 2020
ruptcy fears. An industry trade group
warned that airlines are on track to
post $84 billion in losses this year on
a 50% plunge in sales.
Yet airlines made it through the
initial liquidity crunch, thanks to gov-
ernment bailouts and private financ-
ing. A $50 billion package of payroll
grants and loans through the Cares
Act shored up balance sheets and pre-
vented widespread layoffs—for now.
And airlines tapped the capital market
to improve liquidity, issuing equity
and pledging assets like mileage pro-
grams, as in the case of United Air-
lines Holdings (ticker: UAL).
But “normalized” air travel in a
Covid-19 world remains a black box.
The industry has to navigate a reces-
sion and probably won’t be as large
coming out the other side. Consolida-
tion seems inevitable as carriers with
strong balance sheets and operations
survive, while weaker ones get bought
or go bust. A big unknown is how
much business and international
travel comes back. For now, those mar-
kets are “virtually nonexistent,” says
Cowen analyst Helane Becker. They
aren’t likely to recover until 2021.
The most valuable airline now, based
on its equity value, is Southwest Air-
lines (LUV), worth $21 billion, well
ahead of United and American Air-
lines Group (AAL). Delta Air Lines
(DAL) is at $19 billion. Southwest rose
to the top thanks largely to its fortress-
like balance sheet and domestic focus.
The other airlines look cheaper and may
catch up, but they’ll need a big bump in
higher-margin fares from business and
international travelers. Expect more
turbulence ahead. — Daren Fonda
Oil
Oil investors will remember this pan-
demic as the first time in history when
oil prices fell below $0. That fact alone
shows just how badly the industry has
fared in the past three months.
Covid-19 forced lockdowns around the
world that destroyed demand for oil
products like gasoline and jet fuel.
But negative oil prices, as tracked by
West Texas Intermediate futures con-
tracts, lasted for less than 24 hours. In
fact, oil futures are now trading about
$5 higher than before the World Health
Organization declared Covid-19 a pan-
demic. The more important question
now is the shape of the recovery for the
price of oil and natural gas, and the
stocks in the industry.
Most oil stocks have risen by more
than 30% since their April lows. Ana-
lysts are still worried about the indus-
try, but wide-scale bankruptcies have
not materialized—and most companies
should be able to hobble along through
2020. The crisis offers companies that
survive an opportunity of sorts to re-
form the destructive processes of the
past. Energy has been the worst-per-
forming sector in the S&P 500 in the
past 1, 3, 5, and 10 years, Evercore ana-
lyst Doug Terreson points out.
Most analysts expect demand to
outpace supply in the second half of
the year, lifting prices and giving oil
companies a chance to recover. But
Terreson warns that oil companies
have often spent unwisely during
price rebounds. The smart move for
companies is to use extra cash they
generate from higher prices to pay
down debt or repurchase shares
“rather than invest in areas of dubious
competitive advantage and low re-
turns, as has been the case during the
past five to 10 years,” Terreson wrote
in an email to Barron’s. — Avi Salzman
Restaurants
Americans love to eat. They love it
even more when they’re not doing the
cooking. So while social media might
be filled with pictures of homemade
focaccia, diners are returning to res-
taurants in droves as states lift lock-
down orders. But there are reasons to
have reservations about the sector.
Recent updates from fast-food and
fast-casual restaurants—Jack in the
Box (JACK) and McDonald’s (MCD),
among others—have been upbeat,
with same-store sales climbing back
from the lows in the spring, and that
picture will almost certainly continue
Slow Comeback
The Weekly Economic Index looks at the state of the U.S. economy based on data on consumer behavior,
the labor market, and production, with year-over-year changes in the index.
2.5%
0.0
-2.5
-5.0
-7.5
-10.0
-12.5
January 2020 February 2020 March 2020
BARRON’S
to improve as restrictions ease. Yet
that doesn’t mean a return to normal.
Barron’s has noted that investors
should tread carefully in the restaurant
space, as there are many headwinds,
from job losses to supply-chain short-
ages to seating limits that remain even
as restaurants reopen. Consumer habits
have also changed, posing a bigger chal-
lenge for some companies than others.
The question isn’t only how many
restaurants will come back at all, says
Dana Telsey, CEO of Telsey Advisory
Group, but whether those that do can
survive with the lower capacities re-
quired by social distancing.
“You should see industry trends
improve as the economy steadily re-
opens, but unemployment remains
high, so you could certainly see bumps
on the road as government relief wanes
and consumer cash runs low,” she
says. “That’s why a value focus re-
mains important...as well as flexibility.”
It isn’t too far-fetched to assume that
even as the picture improves, fast-food-
loving Americans might cook more at
home overall. But don’t worry—it can
be just as unhealthy. — Teresa Rivas
Retail
Covid-19 shutdowns have rocked the
retail industry unlike anything since
the rise of Amazon.com (AMZN).
The effects, both in the near term and
beyond, are still unraveling.
As shoppers flocked to big-box
retailers to load up on toilet paper and
bleach, investors bought up shares of
stores like Walmart (WMT) and
Costco Wholesale (COST). Shut-
down orders that were meant to keep
people at home to slow the spread of
April 2020 May 2020
Source: Federal Reserve Bank of New York
15
Covid-19 highlighted the strengths of
the industry’s leaders, and hastened
the demise of some already-struggling
department stores.
Stores like Walmart, Best Buy
(BBY), and Target (TGT) flexed their
omnichannel capabilities, offering
socially distant and convenient op-
tions, like online purchases with the
ability to pick up in-store or curbside.
“This has obviously accelerated the
penetration of digital,” says Telsey.
“What it also shows is that you need
physical stores. When you have ‘buy
online, pick up in store,’ it helps drive
additional transactions. Stores are
now becoming, partly, fulfillment cen-
ters. That’s another change that we
don’t think goes away.”
Telsey says investors will closely
watch reopening trends, and what the
new normal looks like for shoppers.
“Retail is about ‘RE.’ Reinvent. Re-
merchandise, and rejuvenate,” she
says. “2020 is a lost year.” Businesses
are now pivoting to what 2021 and
beyond looks like, Telsey says, adding
What Will that “given that earnings essentially
don’t matter in 2020, the resetting is
‘Normal’ Be taking place at an accelerated pace.”
for Airlines? — Connor Smith
Business and
international Cruise-Ship Operators
travel might not With sailings shut down since mid-
revive until 2021 March and official no-sail orders cur-
rently in place until July 24, the large
$84 B
The losses that
U.S. cruise operators face a race against
time. Will they be able to resume sail-
ings before they run out of cash?
airlines could The big three operators—Carnival
suffer this year (CCL), Royal Caribbean Cruises
on a 50% plunge (RCL), and Norwegian Cruise Line
in sales. Holdings (NCLH)—appear to have
enough liquidity to get them into 2021,
having raised billions of dollars earlier
this year. But the bottom line is that
the longer their fleets sit idle, the worse
things get as they burn through hun-
dreds of millions of dollars monthly.
The cruise companies have been
upgrading safety and health protocols
for when sailings resume, but there is
no sign the Centers for Disease Control
and Prevention will lift its ban soon.
In another indication that the all-
important summer season is slipping
away, Norwegian said recently that it
had extended its suspension of cruises
through the end of September, exclud-
ing its Alaska voyages out of Seattle.
The stocks of the big three cruise
operators are all down more than 50%
year to date, though they are well off
June 2020 their lows set earlier this year.
— Lawrence C. Strauss
16
I N C O M E I N V E ST I N G
Bank Dividends Face
Manageable Stresses
T
he Federal Re-
serve’s latest stress
tests showed that
big U.S. banks
should survive the
worst Covid-19 sce-
narios. It isn’t clear
yet whether their cash-hungry share-
holders will thrive—but the uncer-
tainty could be an opportunity for
investors who want some capital ap-
preciation with their yield.
Late on Thursday, the Fed, citing
the high level of uncertainty sur-
rounding the coronavirus pandemic
and economic recovery, voted 4-to-1 to
cap the amount of capital banks can
pay out to their common-stock inves-
tors in the third quarter. Buybacks are
halted through at least the end of Sep-
tember, and bank common-stock divi-
dends are capped at an average of the
past four quarters’ earnings.
The central bank is also requiring
all of the banks it tested to resubmit
their capital plans. Regulators sig-
naled that they will keep monitoring
banks’ balance-sheet strength as eco-
nomic conditions change, and they
hold the options of extending the divi-
dend caps and buyback suspensions.
The new dividend limit could be
bad news for Wells Fargo (ticker:
WFC) and Capital One Financial
(COF), analysts say. The two banks’
stocks declined 7.4% and 8.8% on
Friday, respectively, after analysts
noted that their dividend payouts are
high compared to earnings estimates.
Goldman Sachs Group (GS) was
also dealt an outsize blow by the stress-
test results, with its stock falling 8.7%.
Its balance sheet had a smaller-than-
expected buffer of capital to keep it in
line with regulatory requirements,
analysts say. While the bank can likely
adjust by cutting its risk-weighted as-
BARRON’S
sets, Morgan Stanley analysts say, such
steps would weigh down its revenue
and earnings per share.
Officials have instructed individual
banks to not release anything about
their plans for buybacks and divi-
dends until after the close of trading
Monday.
There are a couple of reasons Fed
By Alexandra officials want banks to resubmit capi-
Scaggs tal plans. Not only are regulators in
the middle of a transition to a new
stress-testing regime, but the eco-
nomic outlook remains as uncertain
as any time in living memory. While
the Fed’s original stress-testing sce-
nario had U.S. unemployment peaking
at 10%, the unemployment rate has
already climbed well above that level
to peak at roughly 15%.
The good news is that the financial
system fared relatively well in the
worst-case scenarios modeled by the
Fed. While loan losses could rise to
8% to 10% and trim banks’ capital
buffers uncomfortably close to regula-
tory minimums, the regulations put in
place after the financial crisis will be
performing their role, namely to pre-
The Billion-Dollar Question
Regulators’ views on capital return will be shaped partly by a pandemic “sensitivity analysis.”
YTD Price
Bank / Ticker Change*
Bank of America / BAC -30.89%
Bank of New York Mellon/ BK -24.88
Citigroup / C -35.22
Goldman Sachs Group/ GS -11.50
JPMorgan Chase / JPM -30.61
Morgan Stanley / MS -5.93
State Street / STT -20.48
Wells Fargo / WFC -50.32
‘I do not support giving the green light for large
banks to deplete capital,’ Fed governor Lael
Brainard says on allowing bank dividends.
vent a collapse of the banking system.
So a step back may be warranted.
The Fed’s stress tests didn’t take the
government response to the financial
crisis into account, which could
brighten the economic picture signifi-
cantly. And some of the U.S.’s largest
banks are trading at discounts that
hardly seems warranted considering
the unprecedented government re-
sponse to the crisis. Goldman Sachs,
for example, was trading at 0.8 times
its book value on Friday, compared
with lows of around 0.7 in the years
after the financial crisis. It was trad-
ing near its book value at the end of
2019, and rose as high as 1.3 times
book in early 2018.
Many large U.S. banks also per-
formed well on the Fed’s stress tests,
and have low dividend payouts com-
pared to their historical earnings. For
instance, analysts at Keefe, Bruyette &
Woods say that Bank of America
(BAC), Bank of New York Mellon
(BK), Morgan Stanley (MS), and
State Street (STT) all have plenty of
room to keep paying dividends based
on the past year’s earnings.
To be sure, there is always the risk
that dividends could get cut even for
banks that seem to have safe payouts
under the latest stress-test results. If
the economy worsens and banks have
a bad year for earnings, the dividend
cap may become more onerous.
What’s more, some officials want to
prevent dividend payouts altogether.
“This is a time for large banks to pre-
serve capital, so they can be a source
Dividend 2019 2019 Dividends
Yield Buybacks (bil) Dividends (bil)
2.98% $30.71 $5.93
3.30 3.33 1.12
3.98 19.55 5.45
2.47 6.44 2.10
3.74 28.08 12.34
2.93 5.95 2.63
3.33 2.42 0.93
7.69 26.08 8.20
Source: FactSet, S&P Ratings
June 29, 2020
of strength in a robust recovery,” Fed
governor Lael Brainard wrote in a
dissent to Thursday’s stress-test as-
sessment. “I do not support giving the
green light for large banks to deplete
capital, which raises the risk they will
need to tighten credit or rebuild capi-
tal during the recovery. This policy
fails to learn a key lesson of the finan-
cial crisis, and I cannot support it.”
But for investors with a longer time
horizon, a temporarily lower yield
could be a small price to pay for the
opportunity to capture some of the
eventual economic recovery.
“The tailwinds that we think are in
place haven’t gone away on a three-,
five-, or seven-year basis,” says Tony
Scherrer, director of research and co-
portfolio manager at Smead Capital.
“You’re not going to change the fact
that there are 86 million millennials
that are thinking, ‘All right, how do I
get myself into a safe shelter?’ You can
see it squarely in the housing num-
bers.…The fundamental underpin-
nings of this economy are still strong.”
And the worst-case scenario seems
a lot less bad for the financial system
than during the financial crisis. The
Fed has already flooded the U.S. with
so much liquidity that it has had to
provide regulatory relief to lighten the
burden of deposits—that is, cash—on
banks’ balance sheets.
The rules of the new regulatory
regime that’s being introduced by the
Fed aren’t as strict as some might fear,
either. If a bank falls just short of the
Fed’s capital requirements, it would
only have to cap dividends at 60% of
the past four quarters’ average earn-
ings. That means that if Goldman
Sachs were to fall short, it would still
be able to pay out a dividend at sec-
ond-quarter levels.
In fact, some analysts say that regu-
lators were overly generous in their
coronavirus cap on dividends. “We get
that the Fed has a tightrope act to
walk here, but still think there was an
opportunity to enforce more-stringent
restrictions for the third quarter,”
analysts at credit-research firm Cred-
itSights wrote.
But the Fed didn’t pursue stricter
caps, and that’s a positive for income
investors. B
June 29, 2020 BARRON’S 17

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18 BARRON’S June 29
9, 2020 BARRON’S 19

LEADING
Tricia Griffith
Progressive
She supported
the insurer’s
employees,
rebated
customers, and
helped Ohio.

THROUGH
Douglas
McMillion
Walmart
Tim Cook
Apple
He diversified
the business and
warned early
about Covid’s
TH E CRISIS
THESE 25 BOSSES HAVE NAVIGATED UNPRECEDENTED
He invested in financial impact.
Eric Yuan
hiring, hiked
Zoom
worker pay,
Communications

CHALLENGES TO KEEP THEIR COMPANIES THRIVING.

and built an
He turned “Zoom”
omnichannel
into a popular
retailer.
pandemic-era
verb.

BY JACK HOUGH PORTRAITS BY DENISE NESTOR

18 BARRON’S June 29
9, 2020 BARRON’S 19

LEADING
Tricia Griffith
Progressive
She supported
the insurer’s
employees,
rebated
customers, and
helped Ohio.

THROUGH
Douglas
McMillion
Walmart
Tim Cook
Apple
He diversified
the business and
warned early
about Covid’s
TH E CRISIS
THESE 25 BOSSES HAVE NAVIGATED UNPRECEDENTED
He invested in financial impact.
Eric Yuan
hiring, hiked
Zoom
worker pay,
Communications

CHALLENGES TO KEEP THEIR COMPANIES THRIVING.

and built an
He turned “Zoom”
omnichannel
into a popular
retailer.
pandemic-era
verb.

BY JACK HOUGH PORTRAITS BY DENISE NESTOR

T
20
op corporate ex-
ecutives weren’t
exactly worry-free
before the corona-
virus pandemic
hit. In a Confer-
ence Board sur-
vey, U.S. chiefs
cited the possibil-
ity of a recession
as their top con-
cern for this year.
But no one expected anything like
this.
In March, the global pandemic
shut down entire industries over-
night. In the U.S., where the death
count is grievous and the hit to jobs,
historic, the stock market has been
through a wild crash and recovery.
Meanwhile, the May killing of an
unarmed black man by a Minneapo-
lis police officer set off nationwide
protests. And everywhere, our toxic
politics added to anxiety. None of this
has been easy on CEOs—or the com-
panies they manage.
One popular quip on social media
asks if anyone has tried turning
2020 off and then on again. But
there is no resetting some things to
the way they were. Certain consumer
shifts have accelerated: Online shop-
ping, grocery delivery, streamed en-
tertainment, and telemedicine went
from steady to breakneck adoption.
For malls and movie theaters, on the
other hand, even a gradual return to
prepandemic levels isn’t assured.
Each year, Barron’s compiles a list
of top-performing CEOs, based on
screens of prior years’ financial re-
sults and investor returns, plus the
judgement of a panel of reporters
and editors. This year, when the
main job of CEOs went from capital
allocation to crisis management, we
took a different approach, weighing
corporate leaders’ preparedness for,
and performance under, extraordi-
nary circumstances.
One complication for score-keeping
is that the hit to business sectors has
been so uneven.
Utility profits have barely been
affected by Covid-19’s onslaught and
the economic mayhem that followed.
Meanwhile, businesses that sell things
consumers want, but don’t need, such
as restaurant meals and cruises, have
been fighting for survival.
We focused on the U.S. of 2020,
and leaned more heavily on our edi-
torial panel’s judgement, taking into
consideration a handful of questions.
BARRON’S June 29, 2020 June 29, 2020 BARRON’S 21
How well had chief executives pre- JPMorgan Chase (JPM) and Brian ruptions to hardware supply from
pared their companies for unknow- Moynihan at Bank of America (BAC) China. Reed Hastings at Netflix
able difficulties? How quickly and have distinguished themselves by pro- (NFLX) kept new shows coming and
Kenneth Frazier Brian Moynihan viding credit and fee relief to custom- streams from stalling, despite a Hol-
skillfully did they respond to the
Merck Bank of America
pandemic to keep workers safe, cus- ers affected by the pandemic, and ex- lywood shutdown and an unprece-
He has built a He kept workers on the
tomers cared for, and investors confi- tra pay to bank branch workers. Some dented surge in viewership.
cancer-drug franchise; job, raised their pay,
dent? And, in some cases, how did branches were closed and hours re- Tim Cook at Apple (AAPL) is seen
now he’s focused on and pledged $1 billion to
they add to the fight against duced, but it helped that both chiefs achieving modest revenue growth for
Covid vaccines. tackle inequality.
Covid-19? Did this year’s stress prove had invested in robust digital banking the tech giant this fiscal year, despite a
the resiliency of their business mod- Adena Friedman Elon Musk platforms. They both announced near-total store shutdown at one
els, or lay bare the vulnerabilities? Nasdaq Tesla spending initiatives, as well, to help point. He is also making Apple more
Some sectors are better repre- Nasdaq’s smooth transi- He sent two astronauts communities hit hard by Covid-19. self-sufficient; it will soon begin mak-
Douglas Baker Jr. Under Laurence Fink, BlackRock ing its own Mac computer chips for
sented than others on our latest list. tion to remote operations into space, and more
Ecolab (BLK), the world’s largest asset man- the first time in its 36-year history.
For several weeks in March and kept the financial markets Teslas into production.
He donated a million
April, stores, especially those selling running. ager, advised the Federal Reserve on Mary Barra is expected to keep
pounds of products;
food, medicine, and household ba- Satya Nadella the purchase of bonds and exchange- General Motors (GM) profitable for
protected worker pay.
sics, kept national angst from devolv- Tricia Griffith Microsoft traded funds to keep financial mar- the full year, a testament to years of
ing into chaos. Progressive He went all-in on cloud kets functioning. efficiency gains. Tricia Griffith at
Mary Barra
We are grateful to the clerks, ca- GM
She supported employ- computing before the Adena Friedman at Nasdaq Progressive (PGR), the insurer,
shiers, and other front-line workers, ees, rebated customers, pandemic drove up (NDAQ) used a largely home-based turned a windfall on fewer car-acci-
Her retooling efforts have
and several retail chiefs deserve rec- fed truckers, and helped demand. workforce to run massive financial dent claims during the shutdown
kept GM in the black,
ognition, too. C. Douglas McMillon at Ohio. marketplaces during a period of fran- into rebates for customers and assis-
despite production shut-
Walmart (ticker: WMT), Jeffrey Brian Niccol tic price swings, with the seeming tance for idle body shops. Brian Nic-
downs.
Reed Hastings Chipotle Mexican Grill ease with which the rest of us have col’s prepandemic turnaround of
Bezos at Amazon.com (AMZN), and
Netflix When online meal orders jumped onto Zoom calls. Chipotle Mexican Grill (CMG) in-
W. Craig Jelinek at Costco Whole- Jeffrey Bezos
S
He keeps supplying the surged, he made sure
sale (COST) kept up with an explo- Amazon.com cluded beefing up online-order ful-
homebound with fresh Chipotle was ready.
sion of online ordering. Larry Merlo Amazon hired 175,000 peaking of which, Eric fillment—and that kept burritos fly-
movies and video con-
at CVS Health (CVS) set up drive- new workers and met Yuan at Zoom Video Com- ing during the shutdown. Douglas
tent. Daniel O’Day
through Covid-19 testing at stores surging customer de-
Gilead Sciences
munications (ZM) took a Baker at Ecolab kept workplaces Introducing Barron’s Roundtable
and expanded Aetna patient care mand. star turn, then discovered a sanitized while pitching in to help
through video chats.
Jensen Huang He ramped up testing and
security weakness in his employees of closed restaurants. Providing a look at the trading week ahead to
A
Nvidia distribution of remdesivir
Marvin Ellison’s sweeping supply- Tim Cook software, then quickly
chain and e-commerce upgrades at Apple
He hiked worker pay; to treat Covid-19.
rolled out a fix. Jensen Huang at couple of our picks drew
help you anticipate market shifts, take informed
gave scientists free
He warned early about
Lowe’s (LOW) began paying off at
the crisis’ financial im-
licenses to genom- Leonard Schleifer Nvidia (NVDA) gave workers raises
six months early, met soaring de-
our selection panel into
debate, and might be con-
risks, and make smarter investment decisions.
just the right time. Tobias Lütke at ics-computing platform. Regeneron
pact, and diversified the
Shopify (SHOP) provided new tools Pharmaceuticals mand for data-center chips, and this troversial. Mark Zucker-
business.
and extended free trials to small W. Craig Jelinek He raced into clinical tri- past week announced a new foray berg at Facebook (FB)
businesses that suddenly found Costco Wholesale als with a drug developed with Mercedes into autonomous attracts frequent criti-
H. Lawrence Culp Jr.
themselves needing to move online. Costco has delivered specifically for Covid-19. driving (see Streetwise, page 8). cism for failing to use his SPONSORED BY
General Electric
A
His cost cuts, asset sales,
America’s groceries Satya Nadella at Microsoft vast and lucrative platform to block
ll eyes have been on drug through the pandemic. Eric Yuan (MSFT) quickly scaled up his Azure politicians and their allies from ly-
debt repayments likely
makers for Covid-19 treat- Zoom Video cloud platform despite early inter- ing. He is using it instead to encour-
saved GE at a critical
ments and, hopefully, vac- Tobias Lütke Communications age voting, while offering the ability
time.
cines. We highlight Daniel Shopify He scaled his video- to opt out of political ads. On Friday,
O’Day at Gilead Sciences Jamie Dimon
His e-commerce platform
is keeping small busi-
conferencing platform to
serve millions of socially
This year, when the in the face of an advertising boycott,
Zuckerberg announced steps at a
(GILD), who turned an JPMorgan Chase
antiviral drug left from past experi- He has helped struggling
nesses afloat. distant users.
main job of CEOs went virtual town-hall meeting to hide or
ments into one of the first approved customers and communi- block content that is hateful or that
treatments for the disease. Leonard ties, and kept operations
C. Douglas McMillon
Walmart
Mark Zuckerberg
Facebook
from capital allocation could suppress voting.
humming. Elon Musk can’t seem to stop him- Fox Business
Schleifer at Regeneron Pharmaceu-
ticals (REGN) oversaw the quick pro-
He invested in hiring, pay He launched an online to crisis management, self from tweeting things that rankle
hikes, and omnichannel retail initiative, and Fridays at
duction of an antibody cocktail cus-
tomized for Covid-19; it entered trials
Marvin Ellison
Lowe’s
retail services. pledged money for Barron’s took a securities regulators and public
health officials. It is nonetheless im- 10 PM ET
black-owned businesses.
in June. Kenneth Frazier at Merck His remodeling efforts are
paying off for customers
Larry Merlo different approach to pressive that he has kept Tesla
(TSLA) production on track while, in
(MRK) put his company’s financial CVS Health
might and research expertise behind a
and shareholders.
He’s turning health care compiling its list, his spare time at SpaceX, he
promising trio of drug programs—one into a retail service for launched two astronauts into orbit.
for an oral antiviral and two for vac-
Laurence Fink
BlackRock
Covid patients and mil- weighing CEOs’ More details on these corporate
leaders follow. Kindly leave com-
cines that could confer immunity with
single shots. He has also spoken force-
BlackRock is helping the
lions of others.
preparedness for, and ments on our sins of omission or
Fed manage its bond
fully on race and opportunity.
Lower profits for banks are inevi-
buying program. performance under, commission, or points of agreement.
Here’s hoping next year’s top CEOs
table in the current downturn, but extraordinary list focuses on how chief executives
strong balance sheets have prevented have managed a bounce back to ban-
solvency concerns. Jamie Dimon at circumstances. ner times. B
T
20
op corporate ex-
ecutives weren’t
exactly worry-free
before the corona-
virus pandemic
hit. In a Confer-
ence Board sur-
vey, U.S. chiefs
cited the possibil-
ity of a recession
as their top con-
cern for this year.
But no one expected anything like
this.
In March, the global pandemic
shut down entire industries over-
night. In the U.S., where the death
count is grievous and the hit to jobs,
historic, the stock market has been
through a wild crash and recovery.
Meanwhile, the May killing of an
unarmed black man by a Minneapo-
lis police officer set off nationwide
protests. And everywhere, our toxic
politics added to anxiety. None of this
has been easy on CEOs—or the com-
panies they manage.
One popular quip on social media
asks if anyone has tried turning
2020 off and then on again. But
there is no resetting some things to
the way they were. Certain consumer
shifts have accelerated: Online shop-
ping, grocery delivery, streamed en-
tertainment, and telemedicine went
from steady to breakneck adoption.
For malls and movie theaters, on the
other hand, even a gradual return to
prepandemic levels isn’t assured.
Each year, Barron’s compiles a list
of top-performing CEOs, based on
screens of prior years’ financial re-
sults and investor returns, plus the
judgement of a panel of reporters
and editors. This year, when the
main job of CEOs went from capital
allocation to crisis management, we
took a different approach, weighing
corporate leaders’ preparedness for,
and performance under, extraordi-
nary circumstances.
One complication for score-keeping
is that the hit to business sectors has
been so uneven.
Utility profits have barely been
affected by Covid-19’s onslaught and
the economic mayhem that followed.
Meanwhile, businesses that sell things
consumers want, but don’t need, such
as restaurant meals and cruises, have
been fighting for survival.
We focused on the U.S. of 2020,
and leaned more heavily on our edi-
torial panel’s judgement, taking into
consideration a handful of questions.
BARRON’S June 29, 2020 June 29, 2020 BARRON’S 21
How well had chief executives pre- JPMorgan Chase (JPM) and Brian ruptions to hardware supply from
pared their companies for unknow- Moynihan at Bank of America (BAC) China. Reed Hastings at Netflix
able difficulties? How quickly and have distinguished themselves by pro- (NFLX) kept new shows coming and
Kenneth Frazier Brian Moynihan viding credit and fee relief to custom- streams from stalling, despite a Hol-
skillfully did they respond to the
Merck Bank of America
pandemic to keep workers safe, cus- ers affected by the pandemic, and ex- lywood shutdown and an unprece-
He has built a He kept workers on the
tomers cared for, and investors confi- tra pay to bank branch workers. Some dented surge in viewership.
cancer-drug franchise; job, raised their pay,
dent? And, in some cases, how did branches were closed and hours re- Tim Cook at Apple (AAPL) is seen
now he’s focused on and pledged $1 billion to
they add to the fight against duced, but it helped that both chiefs achieving modest revenue growth for
Covid vaccines. tackle inequality.
Covid-19? Did this year’s stress prove had invested in robust digital banking the tech giant this fiscal year, despite a
the resiliency of their business mod- Adena Friedman Elon Musk platforms. They both announced near-total store shutdown at one
els, or lay bare the vulnerabilities? Nasdaq Tesla spending initiatives, as well, to help point. He is also making Apple more
Some sectors are better repre- Nasdaq’s smooth transi- He sent two astronauts communities hit hard by Covid-19. self-sufficient; it will soon begin mak-
Douglas Baker Jr. Under Laurence Fink, BlackRock ing its own Mac computer chips for
sented than others on our latest list. tion to remote operations into space, and more
Ecolab (BLK), the world’s largest asset man- the first time in its 36-year history.
For several weeks in March and kept the financial markets Teslas into production.
He donated a million
April, stores, especially those selling running. ager, advised the Federal Reserve on Mary Barra is expected to keep
pounds of products;
food, medicine, and household ba- Satya Nadella the purchase of bonds and exchange- General Motors (GM) profitable for
protected worker pay.
sics, kept national angst from devolv- Tricia Griffith Microsoft traded funds to keep financial mar- the full year, a testament to years of
ing into chaos. Progressive He went all-in on cloud kets functioning. efficiency gains. Tricia Griffith at
Mary Barra
We are grateful to the clerks, ca- GM
She supported employ- computing before the Adena Friedman at Nasdaq Progressive (PGR), the insurer,
shiers, and other front-line workers, ees, rebated customers, pandemic drove up (NDAQ) used a largely home-based turned a windfall on fewer car-acci-
Her retooling efforts have
and several retail chiefs deserve rec- fed truckers, and helped demand. workforce to run massive financial dent claims during the shutdown
kept GM in the black,
ognition, too. C. Douglas McMillon at Ohio. marketplaces during a period of fran- into rebates for customers and assis-
despite production shut-
Walmart (ticker: WMT), Jeffrey Brian Niccol tic price swings, with the seeming tance for idle body shops. Brian Nic-
downs.
Reed Hastings Chipotle Mexican Grill ease with which the rest of us have col’s prepandemic turnaround of
Bezos at Amazon.com (AMZN), and
Netflix When online meal orders jumped onto Zoom calls. Chipotle Mexican Grill (CMG) in-
W. Craig Jelinek at Costco Whole- Jeffrey Bezos
S
He keeps supplying the surged, he made sure
sale (COST) kept up with an explo- Amazon.com cluded beefing up online-order ful-
homebound with fresh Chipotle was ready.
sion of online ordering. Larry Merlo Amazon hired 175,000 peaking of which, Eric fillment—and that kept burritos fly-
movies and video con-
at CVS Health (CVS) set up drive- new workers and met Yuan at Zoom Video Com- ing during the shutdown. Douglas
tent. Daniel O’Day
through Covid-19 testing at stores surging customer de-
Gilead Sciences
munications (ZM) took a Baker at Ecolab kept workplaces Introducing Barron’s Roundtable
and expanded Aetna patient care mand. star turn, then discovered a sanitized while pitching in to help
through video chats.
Jensen Huang He ramped up testing and
security weakness in his employees of closed restaurants. Providing a look at the trading week ahead to
A
Nvidia distribution of remdesivir
Marvin Ellison’s sweeping supply- Tim Cook software, then quickly
chain and e-commerce upgrades at Apple
He hiked worker pay; to treat Covid-19.
rolled out a fix. Jensen Huang at couple of our picks drew
help you anticipate market shifts, take informed
gave scientists free
He warned early about
Lowe’s (LOW) began paying off at
the crisis’ financial im-
licenses to genom- Leonard Schleifer Nvidia (NVDA) gave workers raises
six months early, met soaring de-
our selection panel into
debate, and might be con-
risks, and make smarter investment decisions.
just the right time. Tobias Lütke at ics-computing platform. Regeneron
pact, and diversified the
Shopify (SHOP) provided new tools Pharmaceuticals mand for data-center chips, and this troversial. Mark Zucker-
business.
and extended free trials to small W. Craig Jelinek He raced into clinical tri- past week announced a new foray berg at Facebook (FB)
businesses that suddenly found Costco Wholesale als with a drug developed with Mercedes into autonomous attracts frequent criti-
H. Lawrence Culp Jr.
themselves needing to move online. Costco has delivered specifically for Covid-19. driving (see Streetwise, page 8). cism for failing to use his SPONSORED BY
General Electric
A
His cost cuts, asset sales,
America’s groceries Satya Nadella at Microsoft vast and lucrative platform to block
ll eyes have been on drug through the pandemic. Eric Yuan (MSFT) quickly scaled up his Azure politicians and their allies from ly-
debt repayments likely
makers for Covid-19 treat- Zoom Video cloud platform despite early inter- ing. He is using it instead to encour-
saved GE at a critical
ments and, hopefully, vac- Tobias Lütke Communications age voting, while offering the ability
time.
cines. We highlight Daniel Shopify He scaled his video- to opt out of political ads. On Friday,
O’Day at Gilead Sciences Jamie Dimon
His e-commerce platform
is keeping small busi-
conferencing platform to
serve millions of socially
This year, when the in the face of an advertising boycott,
Zuckerberg announced steps at a
(GILD), who turned an JPMorgan Chase
antiviral drug left from past experi- He has helped struggling
nesses afloat. distant users.
main job of CEOs went virtual town-hall meeting to hide or
ments into one of the first approved customers and communi- block content that is hateful or that
treatments for the disease. Leonard ties, and kept operations
C. Douglas McMillon
Walmart
Mark Zuckerberg
Facebook
from capital allocation could suppress voting.
humming. Elon Musk can’t seem to stop him- Fox Business
Schleifer at Regeneron Pharmaceu-
ticals (REGN) oversaw the quick pro-
He invested in hiring, pay He launched an online to crisis management, self from tweeting things that rankle
hikes, and omnichannel retail initiative, and Fridays at
duction of an antibody cocktail cus-
tomized for Covid-19; it entered trials
Marvin Ellison
Lowe’s
retail services. pledged money for Barron’s took a securities regulators and public
health officials. It is nonetheless im- 10 PM ET
black-owned businesses.
in June. Kenneth Frazier at Merck His remodeling efforts are
paying off for customers
Larry Merlo different approach to pressive that he has kept Tesla
(TSLA) production on track while, in
(MRK) put his company’s financial CVS Health
might and research expertise behind a
and shareholders.
He’s turning health care compiling its list, his spare time at SpaceX, he
promising trio of drug programs—one into a retail service for launched two astronauts into orbit.
for an oral antiviral and two for vac-
Laurence Fink
BlackRock
Covid patients and mil- weighing CEOs’ More details on these corporate
leaders follow. Kindly leave com-
cines that could confer immunity with
single shots. He has also spoken force-
BlackRock is helping the
lions of others.
preparedness for, and ments on our sins of omission or
Fed manage its bond
fully on race and opportunity.
Lower profits for banks are inevi-
buying program. performance under, commission, or points of agreement.
Here’s hoping next year’s top CEOs
table in the current downturn, but extraordinary list focuses on how chief executives
strong balance sheets have prevented have managed a bounce back to ban-
solvency concerns. Jamie Dimon at circumstances. ner times. B
22
Cook
Douglas Baker Jr.
ECOLAB/ECL (CEO SINCE 2004)
WHY: He donated cleaning products
and protected worker pay.
In the past few months, you might
have found yourself pumping hand
sanitizer in your apartment lobby
from a dispenser bearing the name
Ecolab. Under Douglas Baker, Eco-
lab has become a leader in cleaning
and sanitation, as well as leasing
equipment and selling supplies to
hotels, restaurants, food producers,
and health-care concerns. The com-
pany has 10% of the $130 billion-plus
global market, according to Morning-
star, and much growth lies ahead as
Ecolab buys competitors.
One reason that Ecolab is so popu-
lar: It cuts water and heating costs by
making cleaning more efficient. What’s
more, as people return to offices, they
can derive peace of mind from Ecolab’s
Science Certified program, which testi-
fies to the premises’ cleanliness.
Baker, a trim, affable 61-year-old,
has a practical mind-set. As the
Covid-19 virus spread throughout the
U.S., and states responded by shut-
ting down, Ecolab protected the pay
packages of its hourly and
commission-based workers. At the
same time, it had to navigate dra-
matic shortages of soap and sanitiz-
ers. The St. Paul, Minn., company
donated a million pounds of products
to communities and funded out-of-
work restaurant employees. When
protests broke out after George Floyd
was killed while in Minneapolis
police custody, Baker worked with a
local business organization to en-
courage early intervention for prob-
lem officers and demand that agen-
cies collect, analyze, and publish data
about police-community interactions.
“Everybody felt the company had
their back at a difficult time,” Baker
said in an interview. “If a company
doesn’t survive, it’s rubble and there’s
no re-employment.”
One Ecolab fan is Bill Gates, who
owns a 12% stake through Cascade
Investment, a firm he founded, and the
Bill & Melinda Gates Foundation Trust.
— Leslie P. Norton
• YTD Total Return: 4%
• Annualized Total Return While CEO: 13.9%
• Annualized Total Return S&P 500: 9%
Mary Barra
GENERAL MOTORS/GM
(CEO SINCE 2014)
WHY: She retooled GM and has kept it
in the black through the current crisis.
Since Mary Barra took charge of
General Motors six years ago,
shares of the 111-year-old auto maker
have lost investors about 1% a year,
on average. Yet, even Barron’s would
argue there are worse infractions:
During the 2008 recession, GM lost
$29 a share, and it was forced to seek
bankruptcy protection in 2009.
Thanks in large part to Barra’s
retooling, GM has mounted an im-
pressive turnaround, and is expected
to post a profit in this pandemic-
scarred year. And that’s after vehicle
sales plummeted and the company,
like other car makers, was forced to
shutter production for many weeks.
“We were quickly able to take out
significant costs, and we are being
very conservative about what costs
BARRON’S
we turn back on,” Barra said at a
recent investor conference. “I believe
we will come out of this with a lower
cost structure that is permanent.”
Barra, 58, was remaking GM long
before Covid-19 arrived, selling its
underperforming European division
while pushing toward electric vehi-
cles and autonomous-driving tech-
nology. From 2014 to 2019, profit
margins improved, as well. She has
done all an investor could ask for,
even though the market hasn’t re-
warded her efforts. Yet. — Al Root
• YTD Total Return: -26.4%
• Annualized Total Return While CEO: -0.8%
• Annualized Total Return S&P 500: 11.3%
Jeffrey Bezos
AMAZON.COM/AMZN
(CEO SINCE 1994)
WHY: He hired 175,000 more people,
navigated the online-shopping surge.
Amid the raging pandemic and associ-
ated economic downturn, Amazon-
.com’s Jeffrey Bezos returned to ac-
tively manage the e-commerce giant
he started, deftly steering it through a
period of huge opportunity—and tre-
mendous risk. Shoppers have acceler-
ated their adoption of e-commerce in
the face of the widespread shutdown
of retail stores, and the Amazon Web
Services business has benefited as
companies shift more computing away
Baker Jr. from old-school data centers to the
cloud.
Amazon hired 175,000 additional
staff in the middle of the crisis, as it
struggled to keep up with demand
and, for a brief period, stopped ac-
cepting shipments of nonessential
goods from third-party sellers.
The e-tailer has struggled with
Barra outbreaks of the virus in some of its
warehouses. But the bottom line is
that with Bezos, 56, at the helm, it is
positioned to emerge from the down-
turn with its core businesses stron-
ger than ever, while eyeing new
opportunities as it competes with
FedEx (FDX), United Parcel Ser-
vice (UPS), and the U.S. Postal Ser-
Bezos vice in package delivery.
“One thing we’ve learned from the
Covid-19 crisis is how important
Amazon has become to our custom-
ers,” Bezos wrote in a recent letter to
shareholders, for whom it is also im-
portant, as evidenced by the shares’
rally this year, which has driven its
stock-market value to $1.4 trillion.
Culp Jr. — Eric J. Savitz
June 29, 2020 June 29, 2020
• YTD Total Return: 44.8% 57, is no stranger to calamity; he led
• Annualized Total Return While CEO: 38.2% Danaher (DHR) successfully through
• Annualized Total Return S&P 500: 7.8% 9/11 and its troubled aftermath. “What
you want is a steady hand during a
time of crisis,” he told Barron’s in a
Tim Cook recent phone interview.
APPLE/AAPL (CEO SINCE 2011) The company that Culp inherited
WHY: He warned early about the crisis’ two years ago had fallen on hard times
impact, and diversified the business. after bad bets on insurance and power
generation left it with more debt and
No company was quicker to warn less cash flow than was healthy. Act-
about the financial risks from Covid-19 ing quickly because, as he said, “time
than Apple. In the middle of February, is rarely your friend,” he sold assets,
the virus was raging in Wuhan, China, paid down debt, and cut staff in GE’s
and wreaking havoc on tech supply largest division, GE Aviation. “It’s
lines. Apple pulled its March-quarter never pleasant,” said Culp, adding
guidance a month before the first U.S. that he’s not betting on a rapid post-
shelter-in-place order. For a time, al- Covid-19 recovery to bail out the com-
most all Apple retail stores around the pany. “It will be a multiyear journey.”
From Top: Giulia Marchi/Bloomberg; Patrick McMullan/Getty Images; Stefan Wermuth/Bloomberg; Simon Dawson/Bloomberg; Eric Piermont/AFP/Getty Images (Frazier Reference)
world were closed. Culp’s bold action might have saved
With Tim Cook, 59, in charge, GE, especially considering this year’s
Apple hasn’t missed a beat. The com- challenges. The debt load is far more
pany saw a surge of orders from its manageable today than when he took
online store, and activity on the App charge. And even though the stock
Store has skyrocketed as consumers has fallen during his tenure, Wall
search for new ways to learn, read, Street now talks about the shape of its
and play. Under Cook’s watch, Apple aerospace recovery, not whether credi-
has diversified its business, expand- tors might come calling. — A.R.
ing aggressively in services and gen-
From Top: Patrick T. Fallon/Bloomberg (Cook Reference); Courtesy of EcoLab; Eric Ogden; Courtesy of Amazon; Courtesy of General Electric
• YTD Total Return: -35.9%
erating a huge hit product in Air- • Annualized Total Return While CEO: -16.7%
Pods. Anticipation is growing for the • Annualized Total Return S&P 500: 10.7%
next generation of iPhones, due out
this fall. In short, everything is
working for Apple right now. Jamie Dimon
Apple hosted its first-ever virtual JPMORGAN CHASE/JPM
Worldwide Developers Conference this (CEO SINCE 2006)
past week, with a nearly two-hour key- WHY: He helped struggling custom-
note by Cook. The conference show- ers, while keeping bank operations
cased many new software features and humming.
highlighted Apple’s plan to wind down
the use of Intel (INTC) processors in JPMorgan Chase faced the same
Macs in favor of chips designed in- business shocks as other big banks
house. The conclave went off without a this year, plus another. On March 5,
hitch, and analysts and investors loved Jamie Dimon, its chief executive for 14
it all, driving the stock to new peaks. years, underwent emergency heart
So much for live events. — E.J.S. surgery. He returned to work near the
• YTD Total Return: 19.7% start of April.
• Annualized Total Return While CEO: 25.4% It’s a credit to Dimon how well his
• Annualized Total Return S&P 500: 13.5% lieutenants performed during the
early days of the pandemic. About
two-thirds of U.S. employees were
H. Lawrence Culp Jr. shifted to working from home within
GENERAL ELECTRIC/GE a couple of weeks.
(CEO SINCE 2018) Dimon has directed the bank to
WHY: He cut costs and repaid debt, defer payments and refund fees for
enabling GE to weather today’s storm. more than two million customers, and
he has committed $250 million in
Larry Culp was hired to turn around fresh funds to help struggling commu-
an American icon, and the early evi- nities and small businesses. Mean-
dence suggests he is succeeding. The while, his long record of heavy invest-
first outsider brought in to run Gen- ment in technology has kept day-to-
eral Electric since its founding in day business running smoothly.
1892, he never expected to manage the “We’ve had some of our biggest vol-
company through a global pandemic ume days ever,” Dimon says. “There
and economic crisis. Then again, Culp, was a day when we moved $9 trillion.”
He said that bond deals are still being
put together much the same way office
workers across America are getting
things done—on Zoom calls with rows
of faces.
Dimon calls the aggressive action
taken by the Federal Reserve and U.S.
Treasury “the right thing to do,” and
says the return to rock-bottom interest
rates will be manageable: “It changes
the profitability of deposits, but my
view is you run the business funda-
mentally the same way.” — J.H.
• YTD Total Return: -28.6%
• Annualized Total Return While CEO: 9.2.%
• Annualized Total Return S&P 500: 8.7%
Marvin Ellison
LOWE’S/LOW (CEO SINCE 2018)
WHY: Ellison remodeled Lowe’s to
benefit customers and shareholders.
During its quarter ended on May 1,
Lowe’s reported its fastest same-store
sales growth since 2003. That owed
partly to the pandemic, with masks,
freezers, and cleaning products selling
briskly, and stuck-at-home shoppers
developing a keen interest in home
improvement. But credit also goes to
Marvin Ellison, chief executive of two
years, who has worked to close the
technology, efficiency, and perfor-
mance gap with his former employer,
Home Depot (HD).
Under Ellison, 55, Lowe’s has nar-
rowed its focus, closing a small cluster
of stores in Mexico, a regional subsid-
iary called Orchard Supply Hardware,
and a home-automation business, and
restructuring operations in Canada. It
has made sweeping changes to its
executive and marketing teams and
Frazier
BARRON’S
invested in its payroll, e-commerce, and
supply-chain platforms. This year, on-
line shoppers will notice new features
like one-click checkout, scheduled de-
livery, clearer pricing, and suggestions
for related items, making a once-
clunky experience smoother. Mean-
while, Ellison’s retooling of its pro de-
partments with new staff and checkout
systems has improved satisfaction and
sales among contractors and other
home-improvement specialists.
Just as promising as its first-quarter
sales surge is that Lowe’s has expanded
its margins during such a volatile pe-
riod. That bodes well for Ellison’s abil-
ity to turn rising e-commerce and pro
sales into higher profits. — J.H.
• YTD Total Return: 12.9%
• Annualized Total Return While CEO: 19.3%
• Annualized Total Return S&P 500: 7.3%
Laurence Fink
BLACKROCK/BLK (CEO SINCE 1988)
WHY: The Fed turned to Fink’s firm to
help manage its bond buying.
Few firms are as ubiquitous in the U.S.
financial landscape as BlackRock. The
world’s largest money manager, with
$6.5 trillion in assets, it has the largest
exchange-traded fund platform,
iShares. It also has one of Wall Street’s
most well-known risk-management
systems, Aladdin.
As a measure of its influence, when
the coronavirus arrived on U.S. shores.
BlackRock found itself lending the
Federal Reserve its expertise by run-
ning the purchase of corporate bonds
and mortgages for the central bank’s
economic-stimulus program. (In the
2008 financial crisis, BlackRock
23
helped the Fed manage the assets it had
acquired from AIG and Bear Stearns.)
Garrulous and personable, CEO
Larry Fink, 67, believes that companies
should have a purpose, and he hasn’t
been afraid to take a social stand. This
year, he declared that he would put
sustainability and climate change at
the center of BlackRock’s investment
strategy and analysis. Companies
around for the long-term—sustainable
companies—are compatible with re-
tirement investing, BlackRock argues.
When protests raged after George
Floyd’s death, Fink announced an
unprecedented effort to enhance di-
Dimon versity at BlackRock, by doubling rep-
resentation of Black senior leaders
and boosting overall Black representa-
tion in the firm by 30% by 2024. “We
need to do better,” he told employees.
To do all this, Fink has had to
thread the needle. He has been criti-
cized, for example, for the large hold-
ings of fossil-fuel stocks in passive
Ellison index strategies that BlackRock runs
for clients. “It’s how we’re trying to
stay in front of the needs of our cli-
ents,” he told Barron’s this year.
While Morningstar thinks that
most U.S. asset managers will find it
hard to boost assets in the next five to
10 years, it sees BlackRock’s rising 3%
to 5% during this span. — L.P.N.
Fink • YTD Total Return: 12%
• Annualized Total Return While CEO: 21.6%
• Annualized Total Return S&P 500: 6.4%
Kenneth Frazier
MERCK/MRK (CEO SINCE 2011)
WHY: After building a cancer-drug
franchise, he’s now tackling Covid-19.
Friedman
Shortly after Kenneth Frazier became
Merck’s CEO, he shifted the com-
pany’s research-and-development fo-
cus toward unmet medical needs and
away from follow-on drugs. Keytruda,
an experimental cancer drug at the
time, grew to be an $11 billion seller last
year, on its way to a projected $21 bil-
lion by 2024. And Merck, which has
abstained from big acquisitions under
Frazier, has been left with swelling free
cash flow and plenty of financial fire-
power.
When it came to Covid-19, Frazier
took time to size up ongoing develop-
ment efforts before announcing last
month two new collaborations and the
purchase of a partner. Those deals give
Merck three pipeline drugs: an oral
antiviral medicine, which, if successful,
might allow for outpatient treatment of
22
Cook
Douglas Baker Jr.
ECOLAB/ECL (CEO SINCE 2004)
WHY: He donated cleaning products
and protected worker pay.
In the past few months, you might
have found yourself pumping hand
sanitizer in your apartment lobby
from a dispenser bearing the name
Ecolab. Under Douglas Baker, Eco-
lab has become a leader in cleaning
and sanitation, as well as leasing
equipment and selling supplies to
hotels, restaurants, food producers,
and health-care concerns. The com-
pany has 10% of the $130 billion-plus
global market, according to Morning-
star, and much growth lies ahead as
Ecolab buys competitors.
One reason that Ecolab is so popu-
lar: It cuts water and heating costs by
making cleaning more efficient. What’s
more, as people return to offices, they
can derive peace of mind from Ecolab’s
Science Certified program, which testi-
fies to the premises’ cleanliness.
Baker, a trim, affable 61-year-old,
has a practical mind-set. As the
Covid-19 virus spread throughout the
U.S., and states responded by shut-
ting down, Ecolab protected the pay
packages of its hourly and
commission-based workers. At the
same time, it had to navigate dra-
matic shortages of soap and sanitiz-
ers. The St. Paul, Minn., company
donated a million pounds of products
to communities and funded out-of-
work restaurant employees. When
protests broke out after George Floyd
was killed while in Minneapolis
police custody, Baker worked with a
local business organization to en-
courage early intervention for prob-
lem officers and demand that agen-
cies collect, analyze, and publish data
about police-community interactions.
“Everybody felt the company had
their back at a difficult time,” Baker
said in an interview. “If a company
doesn’t survive, it’s rubble and there’s
no re-employment.”
One Ecolab fan is Bill Gates, who
owns a 12% stake through Cascade
Investment, a firm he founded, and the
Bill & Melinda Gates Foundation Trust.
— Leslie P. Norton
• YTD Total Return: 4%
• Annualized Total Return While CEO: 13.9%
• Annualized Total Return S&P 500: 9%
Mary Barra
GENERAL MOTORS/GM
(CEO SINCE 2014)
WHY: She retooled GM and has kept it
in the black through the current crisis.
Since Mary Barra took charge of
General Motors six years ago,
shares of the 111-year-old auto maker
have lost investors about 1% a year,
on average. Yet, even Barron’s would
argue there are worse infractions:
During the 2008 recession, GM lost
$29 a share, and it was forced to seek
bankruptcy protection in 2009.
Thanks in large part to Barra’s
retooling, GM has mounted an im-
pressive turnaround, and is expected
to post a profit in this pandemic-
scarred year. And that’s after vehicle
sales plummeted and the company,
like other car makers, was forced to
shutter production for many weeks.
“We were quickly able to take out
significant costs, and we are being
very conservative about what costs
BARRON’S
we turn back on,” Barra said at a
recent investor conference. “I believe
we will come out of this with a lower
cost structure that is permanent.”
Barra, 58, was remaking GM long
before Covid-19 arrived, selling its
underperforming European division
while pushing toward electric vehi-
cles and autonomous-driving tech-
nology. From 2014 to 2019, profit
margins improved, as well. She has
done all an investor could ask for,
even though the market hasn’t re-
warded her efforts. Yet. — Al Root
• YTD Total Return: -26.4%
• Annualized Total Return While CEO: -0.8%
• Annualized Total Return S&P 500: 11.3%
Jeffrey Bezos
AMAZON.COM/AMZN
(CEO SINCE 1994)
WHY: He hired 175,000 more people,
navigated the online-shopping surge.
Amid the raging pandemic and associ-
ated economic downturn, Amazon-
.com’s Jeffrey Bezos returned to ac-
tively manage the e-commerce giant
he started, deftly steering it through a
period of huge opportunity—and tre-
mendous risk. Shoppers have acceler-
ated their adoption of e-commerce in
the face of the widespread shutdown
of retail stores, and the Amazon Web
Services business has benefited as
companies shift more computing away
Baker Jr. from old-school data centers to the
cloud.
Amazon hired 175,000 additional
staff in the middle of the crisis, as it
struggled to keep up with demand
and, for a brief period, stopped ac-
cepting shipments of nonessential
goods from third-party sellers.
The e-tailer has struggled with
Barra outbreaks of the virus in some of its
warehouses. But the bottom line is
that with Bezos, 56, at the helm, it is
positioned to emerge from the down-
turn with its core businesses stron-
ger than ever, while eyeing new
opportunities as it competes with
FedEx (FDX), United Parcel Ser-
vice (UPS), and the U.S. Postal Ser-
Bezos vice in package delivery.
“One thing we’ve learned from the
Covid-19 crisis is how important
Amazon has become to our custom-
ers,” Bezos wrote in a recent letter to
shareholders, for whom it is also im-
portant, as evidenced by the shares’
rally this year, which has driven its
stock-market value to $1.4 trillion.
Culp Jr. — Eric J. Savitz
June 29, 2020 June 29, 2020
• YTD Total Return: 44.8% 57, is no stranger to calamity; he led
• Annualized Total Return While CEO: 38.2% Danaher (DHR) successfully through
• Annualized Total Return S&P 500: 7.8% 9/11 and its troubled aftermath. “What
you want is a steady hand during a
time of crisis,” he told Barron’s in a
Tim Cook recent phone interview.
APPLE/AAPL (CEO SINCE 2011) The company that Culp inherited
WHY: He warned early about the crisis’ two years ago had fallen on hard times
impact, and diversified the business. after bad bets on insurance and power
generation left it with more debt and
No company was quicker to warn less cash flow than was healthy. Act-
about the financial risks from Covid-19 ing quickly because, as he said, “time
than Apple. In the middle of February, is rarely your friend,” he sold assets,
the virus was raging in Wuhan, China, paid down debt, and cut staff in GE’s
and wreaking havoc on tech supply largest division, GE Aviation. “It’s
lines. Apple pulled its March-quarter never pleasant,” said Culp, adding
guidance a month before the first U.S. that he’s not betting on a rapid post-
shelter-in-place order. For a time, al- Covid-19 recovery to bail out the com-
most all Apple retail stores around the pany. “It will be a multiyear journey.”
From Top: Giulia Marchi/Bloomberg; Patrick McMullan/Getty Images; Stefan Wermuth/Bloomberg; Simon Dawson/Bloomberg; Eric Piermont/AFP/Getty Images (Frazier Reference)
world were closed. Culp’s bold action might have saved
With Tim Cook, 59, in charge, GE, especially considering this year’s
Apple hasn’t missed a beat. The com- challenges. The debt load is far more
pany saw a surge of orders from its manageable today than when he took
online store, and activity on the App charge. And even though the stock
Store has skyrocketed as consumers has fallen during his tenure, Wall
search for new ways to learn, read, Street now talks about the shape of its
and play. Under Cook’s watch, Apple aerospace recovery, not whether credi-
has diversified its business, expand- tors might come calling. — A.R.
ing aggressively in services and gen-
From Top: Patrick T. Fallon/Bloomberg (Cook Reference); Courtesy of EcoLab; Eric Ogden; Courtesy of Amazon; Courtesy of General Electric
• YTD Total Return: -35.9%
erating a huge hit product in Air- • Annualized Total Return While CEO: -16.7%
Pods. Anticipation is growing for the • Annualized Total Return S&P 500: 10.7%
next generation of iPhones, due out
this fall. In short, everything is
working for Apple right now. Jamie Dimon
Apple hosted its first-ever virtual JPMORGAN CHASE/JPM
Worldwide Developers Conference this (CEO SINCE 2006)
past week, with a nearly two-hour key- WHY: He helped struggling custom-
note by Cook. The conference show- ers, while keeping bank operations
cased many new software features and humming.
highlighted Apple’s plan to wind down
the use of Intel (INTC) processors in JPMorgan Chase faced the same
Macs in favor of chips designed in- business shocks as other big banks
house. The conclave went off without a this year, plus another. On March 5,
hitch, and analysts and investors loved Jamie Dimon, its chief executive for 14
it all, driving the stock to new peaks. years, underwent emergency heart
So much for live events. — E.J.S. surgery. He returned to work near the
• YTD Total Return: 19.7% start of April.
• Annualized Total Return While CEO: 25.4% It’s a credit to Dimon how well his
• Annualized Total Return S&P 500: 13.5% lieutenants performed during the
early days of the pandemic. About
two-thirds of U.S. employees were
H. Lawrence Culp Jr. shifted to working from home within
GENERAL ELECTRIC/GE a couple of weeks.
(CEO SINCE 2018) Dimon has directed the bank to
WHY: He cut costs and repaid debt, defer payments and refund fees for
enabling GE to weather today’s storm. more than two million customers, and
he has committed $250 million in
Larry Culp was hired to turn around fresh funds to help struggling commu-
an American icon, and the early evi- nities and small businesses. Mean-
dence suggests he is succeeding. The while, his long record of heavy invest-
first outsider brought in to run Gen- ment in technology has kept day-to-
eral Electric since its founding in day business running smoothly.
1892, he never expected to manage the “We’ve had some of our biggest vol-
company through a global pandemic ume days ever,” Dimon says. “There
and economic crisis. Then again, Culp, was a day when we moved $9 trillion.”
He said that bond deals are still being
put together much the same way office
workers across America are getting
things done—on Zoom calls with rows
of faces.
Dimon calls the aggressive action
taken by the Federal Reserve and U.S.
Treasury “the right thing to do,” and
says the return to rock-bottom interest
rates will be manageable: “It changes
the profitability of deposits, but my
view is you run the business funda-
mentally the same way.” — J.H.
• YTD Total Return: -28.6%
• Annualized Total Return While CEO: 9.2.%
• Annualized Total Return S&P 500: 8.7%
Marvin Ellison
LOWE’S/LOW (CEO SINCE 2018)
WHY: Ellison remodeled Lowe’s to
benefit customers and shareholders.
During its quarter ended on May 1,
Lowe’s reported its fastest same-store
sales growth since 2003. That owed
partly to the pandemic, with masks,
freezers, and cleaning products selling
briskly, and stuck-at-home shoppers
developing a keen interest in home
improvement. But credit also goes to
Marvin Ellison, chief executive of two
years, who has worked to close the
technology, efficiency, and perfor-
mance gap with his former employer,
Home Depot (HD).
Under Ellison, 55, Lowe’s has nar-
rowed its focus, closing a small cluster
of stores in Mexico, a regional subsid-
iary called Orchard Supply Hardware,
and a home-automation business, and
restructuring operations in Canada. It
has made sweeping changes to its
executive and marketing teams and
Frazier
BARRON’S
invested in its payroll, e-commerce, and
supply-chain platforms. This year, on-
line shoppers will notice new features
like one-click checkout, scheduled de-
livery, clearer pricing, and suggestions
for related items, making a once-
clunky experience smoother. Mean-
while, Ellison’s retooling of its pro de-
partments with new staff and checkout
systems has improved satisfaction and
sales among contractors and other
home-improvement specialists.
Just as promising as its first-quarter
sales surge is that Lowe’s has expanded
its margins during such a volatile pe-
riod. That bodes well for Ellison’s abil-
ity to turn rising e-commerce and pro
sales into higher profits. — J.H.
• YTD Total Return: 12.9%
• Annualized Total Return While CEO: 19.3%
• Annualized Total Return S&P 500: 7.3%
Laurence Fink
BLACKROCK/BLK (CEO SINCE 1988)
WHY: The Fed turned to Fink’s firm to
help manage its bond buying.
Few firms are as ubiquitous in the U.S.
financial landscape as BlackRock. The
world’s largest money manager, with
$6.5 trillion in assets, it has the largest
exchange-traded fund platform,
iShares. It also has one of Wall Street’s
most well-known risk-management
systems, Aladdin.
As a measure of its influence, when
the coronavirus arrived on U.S. shores.
BlackRock found itself lending the
Federal Reserve its expertise by run-
ning the purchase of corporate bonds
and mortgages for the central bank’s
economic-stimulus program. (In the
2008 financial crisis, BlackRock
23
helped the Fed manage the assets it had
acquired from AIG and Bear Stearns.)
Garrulous and personable, CEO
Larry Fink, 67, believes that companies
should have a purpose, and he hasn’t
been afraid to take a social stand. This
year, he declared that he would put
sustainability and climate change at
the center of BlackRock’s investment
strategy and analysis. Companies
around for the long-term—sustainable
companies—are compatible with re-
tirement investing, BlackRock argues.
When protests raged after George
Floyd’s death, Fink announced an
unprecedented effort to enhance di-
Dimon versity at BlackRock, by doubling rep-
resentation of Black senior leaders
and boosting overall Black representa-
tion in the firm by 30% by 2024. “We
need to do better,” he told employees.
To do all this, Fink has had to
thread the needle. He has been criti-
cized, for example, for the large hold-
ings of fossil-fuel stocks in passive
Ellison index strategies that BlackRock runs
for clients. “It’s how we’re trying to
stay in front of the needs of our cli-
ents,” he told Barron’s this year.
While Morningstar thinks that
most U.S. asset managers will find it
hard to boost assets in the next five to
10 years, it sees BlackRock’s rising 3%
to 5% during this span. — L.P.N.
Fink • YTD Total Return: 12%
• Annualized Total Return While CEO: 21.6%
• Annualized Total Return S&P 500: 6.4%
Kenneth Frazier
MERCK/MRK (CEO SINCE 2011)
WHY: After building a cancer-drug
franchise, he’s now tackling Covid-19.
Friedman
Shortly after Kenneth Frazier became
Merck’s CEO, he shifted the com-
pany’s research-and-development fo-
cus toward unmet medical needs and
away from follow-on drugs. Keytruda,
an experimental cancer drug at the
time, grew to be an $11 billion seller last
year, on its way to a projected $21 bil-
lion by 2024. And Merck, which has
abstained from big acquisitions under
Frazier, has been left with swelling free
cash flow and plenty of financial fire-
power.
When it came to Covid-19, Frazier
took time to size up ongoing develop-
ment efforts before announcing last
month two new collaborations and the
purchase of a partner. Those deals give
Merck three pipeline drugs: an oral
antiviral medicine, which, if successful,
might allow for outpatient treatment of
24
the disease, plus two vaccines that
might confer immunity with single
doses. The aim is to balance the need for
speed and efficacy with the longer-term
challenge of making drugs at scale and
administering them worldwide.
After George Floyd’s death, Fra-
zier publicly commented that busi-
ness can be a “unifying force” for the
nation. In December, he turned 65.
Merck’s board wisely lifted a com-
pany rule that required retirement at
that age. — J.H.
• YTD Total Return: —13%
• Annualized Total Return While CEO: 13.3%
• Annualized Total Return S&P 500: 12.1%
Adena Friedman
NASDAQ/NDAQ (CEO SINCE 2017)
WHY: She kept financial markets
running.
For Nasdaq, “work from home” took
on a meaning this year entirely differ-
ent from simply firing up a laptop with
a strong Wi-Fi connection. The setup
was much more elaborate for the elec-
tronic stock exchange, which powers
120 markets around the world.
Under the leadership of Adena
Friedman, the Covid-era transition
has gone surprisingly smoothly. “Our
ability to be able to go from everyone
in the office to everyone at home in
such a short period of time is truly a
testament to years of effort by our
risk teams, our technology teams,
[and] our people teams,” she tells
Barron’s.
Nasdaq’s swift move to a nearly
fully remote workforce was decades in
the making. Since 9/11, its risk-man-
agement team has been driving busi-
ness-continuity planning, and testing
many emergency scenarios. Still, pow-
ering today’s nonstop markets, which
saw unprecedented volatility in March
and circuit-breaker halts for the first
time since 1997, is no small feat.
Friedman, 50, became Nasdaq’s
CEO in 2017. The first woman to lead
a global exchange, she has been with
Nasdaq for more than 20 years, a
stretch briefly interrupted by a stint as
chief financial officer at The Carlyle
Group, the private-equity shop she
helped take public in 2012.
Friedman thinks strong markets
will be important for an economic
recovery. “If we can maintain strong
capital markets, bring advanced tech-
nology to those markets, [and] drive
international liquidity into those mar-
kets, all boats rise in that situation,”
BARRON’S
Griffith
she says. — Carleton English
• YTD Total Return: 12%
• Annualized Total Return While CEO: 19%
• Annualized Total Return S&P 500: 11.7%
Tricia Griffith
PROGRESSIVE/PGR (CEO SINCE 2016)
WHY: She supported employees,
rebated customers, helped Ohio.
Progressive has long been viewed as
the best-managed major auto insurer in
the U.S., with the highest returns and
superior technology. Its strengths were
apparent as Tricia Griffith, a Progres-
Hastings sive lifer, and her team responded to
the Covid-19 crisis and sought to sup-
port multiple constituencies. Progres-
sive quickly had 95% of its 43,000
employees working from home, and
provided $1 billion in rebates to cus-
tomers after receiving a windfall, as
Americans reduced driving and had
fewer auto accidents. Then there were
Huang meals for truckers who had a hard time
finding open places to eat on the road,
and financial aid to independent body
shops with fewer cars to repair but
payrolls to meet.
“We’re based in Ohio, and the state
didn’t have enough people to adjudi-
cate unemployment claims,” Griffith
tells Barron’s. To help, Progressive lent
Jelinek the state 100 employees, all kept on
the company payroll.
Griffith, 55, addressed employees
weekly “to give them a sense of calm-
ness” during the crisis. She did so via
folksy videos, each about five minutes
long, shot by her son in their Ohio
home’s library. On one, she joked that
she had to pull back from eating too
Lütke many “unhealthy snacks,” like M&Ms.
For customers, the idea was not to
make auto insurance an added worry.
“People have all these different things
coming at them,” she says. “When they
needed it most, Progressive came
through.” — Andrew Bary
• YTD Total Return: 15.6%
• Annualized Total Return While CEO: 30.2%
• Annualized Total Return S&P 500: 11.8%
Reed Hastings
NETFLIX/NFLX (CEO SINCE 1997)
WHY: Homebound viewers sought
fresh content. Netflix had it.
To call Netflix a stay-at-home stock
misses the point. True, the pandemic
left consumers housebound, with
more time than usual for watching
movies and shows. But the number of
pay-television subscribers has been
sliding this year, while Netflix’s sub-
scriber growth has shot ahead of esti-
mates. Viewers haven’t just wanted
shows; they’ve wanted Netflix shows.
Credit founder and CEO Reed Has-
tings, 59, with creating a production
pipeline long enough to give Netflix
fresh content through the pause in
show-making. And in surveys, his
streaming platform shined brighter
than rivals for its reliability during the
March and April surge in viewership.
For now, Netflix still burns cash to
draw in subscribers. Hastings has bet
that it will reach so many paying cus-
tomers worldwide that rising revenue
will generate plentiful free cash. Net-
flix’s programming has proved popular
overseas. J.P. Morgan predicts the com-
pany will hit 300 million global sub-
scribers by 2024, versus fewer than
200 million today. Investors seem
June 29, 2020 June 29, 2020 BARRON’S 25
plenty bullish. Netflix’s stock-market and were besieged by shoppers seeking ratio of about 35—one of the highest • Annualized Total Return S&P 500: 9.9% capacity of more than 1.5 million tests
value has recently been close to that of essentials. Costco handled the crush. among big retailing stocks. — A.B. C. Douglas McMillon per month. The focus is on Covid-19,
Walt Disney (DIS). — J.H. Credit for that goes to one of the most • YTD Total Return: 2.5% WALMART/WMT (CEO SINCE 2014) but future possibilities are vast. The
• YTD Total Return: 40.2% experienced management teams in • Annualized Total Return While CEO: 20% WHY: McMillon invested in hiring, pay second is expanded services at Coram,
• Annualized Total Return While CEO: 39.7% retailing, led by Craig Jelinek, a 36-year • Annualized Total Return S&P 500: 13.1% hikes, and omnichannel retailing. CVS’ home-infusion business, de-
• Annualized Total Return S&P 500: 8.1% company veteran who took over in signed to keep more patients at home,
2012 from legendary co-founder Jim One of Doug McMillon’s first big to free up hospital beds. The third is
Sinegal. Tobias Lütke moves after becoming chief executive increased telemedicine capacity to han-
Jensen Huang Costco has continued on its enviable SHOPIFY/SHOP (CEO SINCE 2008) of Walmart six years ago was to buy dle surging usage by Aetna members.
NVIDIA/NVDA (CEO SINCE 1993) growth path and remains one of the few WHY: His e-commerce platform is Jet.com, an e-commerce business, for “What we’re really defining is omni-
WHY: He offered scientists free traditional retailers unscathed by Ama- keeping small businesses afloat. $3.3 billion. Last month, Walmart said channel for health,” says Merlo, 64,
licenses to Nvidia’s genomics- zon’s rise. It began requiring masks for it is shutting the site down. A flop? borrowing the retail industry’s term for
computing platform. those in its warehouses—staff and cus- Some 15 years ago, Tobias Lütke Look more closely. Jet’s top talent now integrating different methods of shop-
tomers—on May 4. And it spent $283 wanted an easy way to sell snowboards runs Walmart’s e-commerce business, ping. “I think we’ve seen a step-change,
In 1993, when Jensen Huang co- million in the quarter ended in early online. When he struggled to find a which reported 37% revenue growth and it’s going to become part of tomor-
founded Nvidia to develop accelerated May on expenses related to Covid-19, solution, Lütke decided to create his in the U.S. last year, with particularly row’s everyday routines.” — J.H.
computing, videogames seemed an including additional wages and safety McMillon own software. Today, his Shopify plat- strong gains in grocery pickup and • YTD Total Return: -11.9%
obvious application, but there was one and sanitation-related outlays. form powers physical store transac- delivery. During this year’s first quar- • Annualized Total Return While CEO: 9.3%
problem: “It was a zero-billion-dollar Costco has long focused on the in- tions and e-commerce sites for retailers ter, when quarantined shoppers used • Annualized Total Return S&P 500: 11.9%
market,” Huang recalls. store experience for its customers, who ranging from mom-and-pop shops to online ordering to stock up on basics,
That changed three years later, after pay $60 annually for a basic member- large brands, such as General Mills, that growth rate doubled.
From Top: Gareth Patterson/AP/Shutterstock; Patrick T. Fallon/Bloomberg; Simon Dawson/Bloomberg; Brian Smale/Microsoft; Saul Martinez/Getty Images (Musk reference)
a three-dimensional game called Quake ship and enjoy rock-bottom prices on Heinz, and Lindt chocolates. Shopify Then there’s Flipkart, an online Brian Moynihan
hit personal computers. Then, Huang high-quality food and basics, plus un- enabled nearly 6% of U.S. e-commerce shopping leader in India. Under Mc- BANK OF AMERICA (CEO SINCE 2010)
From Top: Courtesy of Progressive (Griffith reference); courtesy of Netflix; Mandel Ngan/AFP/Getty Images; courtesy of Costco Wholesale; Cate Dingley/Bloomberg
began focusing on more minuscule expected bargains on goods like wine sales in 2019, making it the No. 2 online Millon, 53, Walmart paid $16 billion in WHY: He kept workers on the job, and
markets, such as supercomputing and and clothing. A bricks-and-mortar ori- commerce platform behind Amazon. 2018 for a controlling stake. It turns pledged big bucks to tackle inequality.
artificial intelligence. “People were entation poses challenges during a pan- Merlo Lütke, 39, and Shopify make shifting out Flipkart owns a mobile-payment
kind of surprised by that,” he says. demic, but Costco believes its relatively from bricks-and-mortar retailing to services business called PhonePe, A year of pandemic and social up-
This year, Nvidia’s data center will large stores allow for social distancing. e-commerce nearly seamless. That has which some analysts now think could heaval was seemingly made for Bank
generate more revenue than its gaming The retailer hasn’t emphasized e- kept some small businesses afloat dur- be valued at $10 billion in a spinoff. of America’s Brian Moynihan, who
unit. And on Tuesday, Nvidia an- commerce, which accounted for less ing Covid-19. Shopify customers’ in- Through the pandemic, McMillon has been guiding corporations to
nounced a deal to deploy its automotive than 5% of its sales last year, but that store sales slid by 71% during the first has invested in hiring, pay hikes, and show a softer, kinder version of them-
computing platform—chips and appli- is changing, as more customers prefer six weeks of the U.S. lockdowns, but omnichannel capabilities that let selves. As coronavirus hit the U.S.,
cations—across Mercedes vehicles, shopping from home during the Covid they were able to replace 94% of the stores and the e-commerce business BofA declared its intention not to lay
starting in 2024. Says Huang: “This is outbreak. E-commerce sales were up lost sales through their online stores. work together. Result: a near-term off workers, and to raise the minimum
the first example of the transformation about 65% in the latest quarter. And Moynihan Since taking Shopify public in 2015, flattening of profit growth, but gains wage for its employees. Moynihan, 60,
of our company to be an end-to-end Costco had a tenfold increase in same- Lütke has boosted its sales from $200 in market share and customer loyalty also penned a letter on behalf of the
platform company.” day grocery delivery in the period. million to an estimated $2.2 billion this that could pay off for years. — J.H. World Economic Forum, where he
The pandemic has complicated sup- Jelinek, 67, keeps a low profile. He’s year. And the stock is up 53 times, from • YTD Total Return: 1.8% chairs the influential International
ply chains and developers’ conferences, among the relatively few CEOs of an IPO price of $17 to a recent close of • Annualized Total Return While CEO: 10.5% Business Council. It urged companies
and Huang, 57, has responded nimbly. megacap companies who don’t partici- $916. That’s a pretty good return for an • Annualized Total Return S&P 500: 10.7% to pay attention to all stakeholders,
To help employees, he handed out an- pate in quarterly conference calls; Am- entrepreneur simply hoping to sell a not just shareholders, with employees
nual raises six months early. To boost azon boss Jeff Bezos is another. Wall few snowboards. — Alex Eule topping the list.
the search for Covid-19 treatments, he Street likes Costco’s outlook, rewarding •YTD Total Return: 121.6% Larry Merlo “For us, the security of workers is to
offered free licenses to Nvidia’s genom- the company with a price/earnings Nadella • Annualized Total Return While CEO: 117.3% CVS HEALTH/CVS (CEO SINCE 2011) try to keep them employed during the
ics-computing platform. And he’s eye- WHY: He’s creating an omnichannel crisis,” Moynihan told Barron’s in
ing more markets, including robots and health company to serve Covid April. “We have to support our team-
artificial intelligence for cleaning, deliv- patients and millions of others. mates, so they can support the clients.”
ering medicines, and monitoring hospi- When the George Floyd protests hit,
tal patients. One hope is to “build the CVS Health chief Larry Merlo re- Moynihan had a response: Bank of
foundations for a global defense system sponded quickly to the pandemic with America announced a $1 billion ini-
against viruses.” — J.H. a long list of initiatives, including ex- tiative to help tackle racial and eco-
• YTD Total Return: 57.6% panded sick leave for workers. He nomic inequality. “At the end of the
• Annualized Total Return While CEO: 32.3% waived its Aetna unit’s copays and day, none of this will be cured unless
• Annualized Total Return S&P 500: 6.4% out-of-pocket costs to make Covid-19 capitalism drives the money,” Moyni-
testing and care more affordable, and han says.
he offered free prescription delivery by Moynihan is used to juggling many
W. Craig Jelinek mail. But three initiatives stand above constituents: He was one of eight chil-
COSTCO WHOLESALE/COST others in furthering Merlo’s vision of dren in an Ohio family whose fore-
(CEO SINCE 2012) the retailization of health care. And bears had emigrated from Ireland in
WHY: He has made e-commerce a pri- they’re likely to last long after the pan- the 1850s. He went to work in 1993 as a
ority as more people shop from home. demic is just a memory. lawyer for FleetBoston, which was
The first is a rapid buildout of drive- acquired by BofA. In 2010, he took
When stay-at-home orders hit in through testing, with online sign-ups. over as CEO when BofA was mired in
March, Costco Wholesale’s nearly 550 Musk This is now available at more than post-financial-crisis legal and regula-
U.S. warehouse stores remained open 1,400 CVS locations, with a combined tory problems. He cut costs, settled
24
the disease, plus two vaccines that
might confer immunity with single
doses. The aim is to balance the need for
speed and efficacy with the longer-term
challenge of making drugs at scale and
administering them worldwide.
After George Floyd’s death, Fra-
zier publicly commented that busi-
ness can be a “unifying force” for the
nation. In December, he turned 65.
Merck’s board wisely lifted a com-
pany rule that required retirement at
that age. — J.H.
• YTD Total Return: —13%
• Annualized Total Return While CEO: 13.3%
• Annualized Total Return S&P 500: 12.1%
Adena Friedman
NASDAQ/NDAQ (CEO SINCE 2017)
WHY: She kept financial markets
running.
For Nasdaq, “work from home” took
on a meaning this year entirely differ-
ent from simply firing up a laptop with
a strong Wi-Fi connection. The setup
was much more elaborate for the elec-
tronic stock exchange, which powers
120 markets around the world.
Under the leadership of Adena
Friedman, the Covid-era transition
has gone surprisingly smoothly. “Our
ability to be able to go from everyone
in the office to everyone at home in
such a short period of time is truly a
testament to years of effort by our
risk teams, our technology teams,
[and] our people teams,” she tells
Barron’s.
Nasdaq’s swift move to a nearly
fully remote workforce was decades in
the making. Since 9/11, its risk-man-
agement team has been driving busi-
ness-continuity planning, and testing
many emergency scenarios. Still, pow-
ering today’s nonstop markets, which
saw unprecedented volatility in March
and circuit-breaker halts for the first
time since 1997, is no small feat.
Friedman, 50, became Nasdaq’s
CEO in 2017. The first woman to lead
a global exchange, she has been with
Nasdaq for more than 20 years, a
stretch briefly interrupted by a stint as
chief financial officer at The Carlyle
Group, the private-equity shop she
helped take public in 2012.
Friedman thinks strong markets
will be important for an economic
recovery. “If we can maintain strong
capital markets, bring advanced tech-
nology to those markets, [and] drive
international liquidity into those mar-
kets, all boats rise in that situation,”
BARRON’S
Griffith
she says. — Carleton English
• YTD Total Return: 12%
• Annualized Total Return While CEO: 19%
• Annualized Total Return S&P 500: 11.7%
Tricia Griffith
PROGRESSIVE/PGR (CEO SINCE 2016)
WHY: She supported employees,
rebated customers, helped Ohio.
Progressive has long been viewed as
the best-managed major auto insurer in
the U.S., with the highest returns and
superior technology. Its strengths were
apparent as Tricia Griffith, a Progres-
Hastings sive lifer, and her team responded to
the Covid-19 crisis and sought to sup-
port multiple constituencies. Progres-
sive quickly had 95% of its 43,000
employees working from home, and
provided $1 billion in rebates to cus-
tomers after receiving a windfall, as
Americans reduced driving and had
fewer auto accidents. Then there were
Huang meals for truckers who had a hard time
finding open places to eat on the road,
and financial aid to independent body
shops with fewer cars to repair but
payrolls to meet.
“We’re based in Ohio, and the state
didn’t have enough people to adjudi-
cate unemployment claims,” Griffith
tells Barron’s. To help, Progressive lent
Jelinek the state 100 employees, all kept on
the company payroll.
Griffith, 55, addressed employees
weekly “to give them a sense of calm-
ness” during the crisis. She did so via
folksy videos, each about five minutes
long, shot by her son in their Ohio
home’s library. On one, she joked that
she had to pull back from eating too
Lütke many “unhealthy snacks,” like M&Ms.
For customers, the idea was not to
make auto insurance an added worry.
“People have all these different things
coming at them,” she says. “When they
needed it most, Progressive came
through.” — Andrew Bary
• YTD Total Return: 15.6%
• Annualized Total Return While CEO: 30.2%
• Annualized Total Return S&P 500: 11.8%
Reed Hastings
NETFLIX/NFLX (CEO SINCE 1997)
WHY: Homebound viewers sought
fresh content. Netflix had it.
To call Netflix a stay-at-home stock
misses the point. True, the pandemic
left consumers housebound, with
more time than usual for watching
movies and shows. But the number of
pay-television subscribers has been
sliding this year, while Netflix’s sub-
scriber growth has shot ahead of esti-
mates. Viewers haven’t just wanted
shows; they’ve wanted Netflix shows.
Credit founder and CEO Reed Has-
tings, 59, with creating a production
pipeline long enough to give Netflix
fresh content through the pause in
show-making. And in surveys, his
streaming platform shined brighter
than rivals for its reliability during the
March and April surge in viewership.
For now, Netflix still burns cash to
draw in subscribers. Hastings has bet
that it will reach so many paying cus-
tomers worldwide that rising revenue
will generate plentiful free cash. Net-
flix’s programming has proved popular
overseas. J.P. Morgan predicts the com-
pany will hit 300 million global sub-
scribers by 2024, versus fewer than
200 million today. Investors seem
June 29, 2020 June 29, 2020 BARRON’S 25
plenty bullish. Netflix’s stock-market and were besieged by shoppers seeking ratio of about 35—one of the highest • Annualized Total Return S&P 500: 9.9% capacity of more than 1.5 million tests
value has recently been close to that of essentials. Costco handled the crush. among big retailing stocks. — A.B. C. Douglas McMillon per month. The focus is on Covid-19,
Walt Disney (DIS). — J.H. Credit for that goes to one of the most • YTD Total Return: 2.5% WALMART/WMT (CEO SINCE 2014) but future possibilities are vast. The
• YTD Total Return: 40.2% experienced management teams in • Annualized Total Return While CEO: 20% WHY: McMillon invested in hiring, pay second is expanded services at Coram,
• Annualized Total Return While CEO: 39.7% retailing, led by Craig Jelinek, a 36-year • Annualized Total Return S&P 500: 13.1% hikes, and omnichannel retailing. CVS’ home-infusion business, de-
• Annualized Total Return S&P 500: 8.1% company veteran who took over in signed to keep more patients at home,
2012 from legendary co-founder Jim One of Doug McMillon’s first big to free up hospital beds. The third is
Sinegal. Tobias Lütke moves after becoming chief executive increased telemedicine capacity to han-
Jensen Huang Costco has continued on its enviable SHOPIFY/SHOP (CEO SINCE 2008) of Walmart six years ago was to buy dle surging usage by Aetna members.
NVIDIA/NVDA (CEO SINCE 1993) growth path and remains one of the few WHY: His e-commerce platform is Jet.com, an e-commerce business, for “What we’re really defining is omni-
WHY: He offered scientists free traditional retailers unscathed by Ama- keeping small businesses afloat. $3.3 billion. Last month, Walmart said channel for health,” says Merlo, 64,
licenses to Nvidia’s genomics- zon’s rise. It began requiring masks for it is shutting the site down. A flop? borrowing the retail industry’s term for
computing platform. those in its warehouses—staff and cus- Some 15 years ago, Tobias Lütke Look more closely. Jet’s top talent now integrating different methods of shop-
tomers—on May 4. And it spent $283 wanted an easy way to sell snowboards runs Walmart’s e-commerce business, ping. “I think we’ve seen a step-change,
In 1993, when Jensen Huang co- million in the quarter ended in early online. When he struggled to find a which reported 37% revenue growth and it’s going to become part of tomor-
founded Nvidia to develop accelerated May on expenses related to Covid-19, solution, Lütke decided to create his in the U.S. last year, with particularly row’s everyday routines.” — J.H.
computing, videogames seemed an including additional wages and safety McMillon own software. Today, his Shopify plat- strong gains in grocery pickup and • YTD Total Return: -11.9%
obvious application, but there was one and sanitation-related outlays. form powers physical store transac- delivery. During this year’s first quar- • Annualized Total Return While CEO: 9.3%
problem: “It was a zero-billion-dollar Costco has long focused on the in- tions and e-commerce sites for retailers ter, when quarantined shoppers used • Annualized Total Return S&P 500: 11.9%
market,” Huang recalls. store experience for its customers, who ranging from mom-and-pop shops to online ordering to stock up on basics,
That changed three years later, after pay $60 annually for a basic member- large brands, such as General Mills, that growth rate doubled.
From Top: Gareth Patterson/AP/Shutterstock; Patrick T. Fallon/Bloomberg; Simon Dawson/Bloomberg; Brian Smale/Microsoft; Saul Martinez/Getty Images (Musk reference)
a three-dimensional game called Quake ship and enjoy rock-bottom prices on Heinz, and Lindt chocolates. Shopify Then there’s Flipkart, an online Brian Moynihan
hit personal computers. Then, Huang high-quality food and basics, plus un- enabled nearly 6% of U.S. e-commerce shopping leader in India. Under Mc- BANK OF AMERICA (CEO SINCE 2010)
From Top: Courtesy of Progressive (Griffith reference); courtesy of Netflix; Mandel Ngan/AFP/Getty Images; courtesy of Costco Wholesale; Cate Dingley/Bloomberg
began focusing on more minuscule expected bargains on goods like wine sales in 2019, making it the No. 2 online Millon, 53, Walmart paid $16 billion in WHY: He kept workers on the job, and
markets, such as supercomputing and and clothing. A bricks-and-mortar ori- commerce platform behind Amazon. 2018 for a controlling stake. It turns pledged big bucks to tackle inequality.
artificial intelligence. “People were entation poses challenges during a pan- Merlo Lütke, 39, and Shopify make shifting out Flipkart owns a mobile-payment
kind of surprised by that,” he says. demic, but Costco believes its relatively from bricks-and-mortar retailing to services business called PhonePe, A year of pandemic and social up-
This year, Nvidia’s data center will large stores allow for social distancing. e-commerce nearly seamless. That has which some analysts now think could heaval was seemingly made for Bank
generate more revenue than its gaming The retailer hasn’t emphasized e- kept some small businesses afloat dur- be valued at $10 billion in a spinoff. of America’s Brian Moynihan, who
unit. And on Tuesday, Nvidia an- commerce, which accounted for less ing Covid-19. Shopify customers’ in- Through the pandemic, McMillon has been guiding corporations to
nounced a deal to deploy its automotive than 5% of its sales last year, but that store sales slid by 71% during the first has invested in hiring, pay hikes, and show a softer, kinder version of them-
computing platform—chips and appli- is changing, as more customers prefer six weeks of the U.S. lockdowns, but omnichannel capabilities that let selves. As coronavirus hit the U.S.,
cations—across Mercedes vehicles, shopping from home during the Covid they were able to replace 94% of the stores and the e-commerce business BofA declared its intention not to lay
starting in 2024. Says Huang: “This is outbreak. E-commerce sales were up lost sales through their online stores. work together. Result: a near-term off workers, and to raise the minimum
the first example of the transformation about 65% in the latest quarter. And Moynihan Since taking Shopify public in 2015, flattening of profit growth, but gains wage for its employees. Moynihan, 60,
of our company to be an end-to-end Costco had a tenfold increase in same- Lütke has boosted its sales from $200 in market share and customer loyalty also penned a letter on behalf of the
platform company.” day grocery delivery in the period. million to an estimated $2.2 billion this that could pay off for years. — J.H. World Economic Forum, where he
The pandemic has complicated sup- Jelinek, 67, keeps a low profile. He’s year. And the stock is up 53 times, from • YTD Total Return: 1.8% chairs the influential International
ply chains and developers’ conferences, among the relatively few CEOs of an IPO price of $17 to a recent close of • Annualized Total Return While CEO: 10.5% Business Council. It urged companies
and Huang, 57, has responded nimbly. megacap companies who don’t partici- $916. That’s a pretty good return for an • Annualized Total Return S&P 500: 10.7% to pay attention to all stakeholders,
To help employees, he handed out an- pate in quarterly conference calls; Am- entrepreneur simply hoping to sell a not just shareholders, with employees
nual raises six months early. To boost azon boss Jeff Bezos is another. Wall few snowboards. — Alex Eule topping the list.
the search for Covid-19 treatments, he Street likes Costco’s outlook, rewarding •YTD Total Return: 121.6% Larry Merlo “For us, the security of workers is to
offered free licenses to Nvidia’s genom- the company with a price/earnings Nadella • Annualized Total Return While CEO: 117.3% CVS HEALTH/CVS (CEO SINCE 2011) try to keep them employed during the
ics-computing platform. And he’s eye- WHY: He’s creating an omnichannel crisis,” Moynihan told Barron’s in
ing more markets, including robots and health company to serve Covid April. “We have to support our team-
artificial intelligence for cleaning, deliv- patients and millions of others. mates, so they can support the clients.”
ering medicines, and monitoring hospi- When the George Floyd protests hit,
tal patients. One hope is to “build the CVS Health chief Larry Merlo re- Moynihan had a response: Bank of
foundations for a global defense system sponded quickly to the pandemic with America announced a $1 billion ini-
against viruses.” — J.H. a long list of initiatives, including ex- tiative to help tackle racial and eco-
• YTD Total Return: 57.6% panded sick leave for workers. He nomic inequality. “At the end of the
• Annualized Total Return While CEO: 32.3% waived its Aetna unit’s copays and day, none of this will be cured unless
• Annualized Total Return S&P 500: 6.4% out-of-pocket costs to make Covid-19 capitalism drives the money,” Moyni-
testing and care more affordable, and han says.
he offered free prescription delivery by Moynihan is used to juggling many
W. Craig Jelinek mail. But three initiatives stand above constituents: He was one of eight chil-
COSTCO WHOLESALE/COST others in furthering Merlo’s vision of dren in an Ohio family whose fore-
(CEO SINCE 2012) the retailization of health care. And bears had emigrated from Ireland in
WHY: He has made e-commerce a pri- they’re likely to last long after the pan- the 1850s. He went to work in 1993 as a
ority as more people shop from home. demic is just a memory. lawyer for FleetBoston, which was
The first is a rapid buildout of drive- acquired by BofA. In 2010, he took
When stay-at-home orders hit in through testing, with online sign-ups. over as CEO when BofA was mired in
March, Costco Wholesale’s nearly 550 Musk This is now available at more than post-financial-crisis legal and regula-
U.S. warehouse stores remained open 1,400 CVS locations, with a combined tory problems. He cut costs, settled
26
mortgage claims, reduced risks, and
returned the bank to profitability,
while spreading the mantra of “reason-
able growth.”
As the U.S. navigates its way out of
recession, Moynihan’s mantra will
resonate more than ever. — L.P.N.
• YTD Total Return: -27.3%
• Annualized Total Return While CEO: 6.2%
• Annualized Total Return S&P 500: 13.1%
Elon Musk
TESLA/TSLA (CEO SINCE 2008)
WHY: Pandemic or not, he’s
revolutionizing two industries.
Elon Musk is the ultimate multitasker.
He not only heads Tesla, the second-
most-valuable car company in the
world, but also privately held SpaceX,
which made history in May when it
sent NASA astronauts to the Interna-
tional Space Station. This was the first
time NASA had used commercially
built equipment, and the first manned
launch from U.S. soil since 2011.
What’s more, the rocket used to send
astronauts Bob and Doug—as their
colleagues call them—landed verti-
cally on a drone ship a few minutes
later, for reuse after some refurbish-
ing. The episode was breathtaking
and provided the world with a much-
needed shot of joy at an otherwise
mournful time.
But Musk, 48, makes Barron’s list
because of Tesla, which he co-
founded and has led for 12 years. His
tenure has been marked by contro-
versy, but from an investment per-
spective, it has been an amazing run:
The stock has gone up roughly 50-
fold since it started trading in 2010,
and has more than doubled this year.
In part, that’s because sales are ex-
pected to grow in 2020, although Musk
had to ruffle some feathers to make that
happen. He sued Tesla’s home county to
reopen the company’s California manu-
facturing facility, but later dropped the
suit and reached a compromise. The
aggressive stance was questionable, but
Musk‘s broader vision has paid off for
Tesla buyers and investors.
What’s more, every other major
auto maker, including General
Motors (GM) and Volkswagen
(VOW.Germany), is trying to emulate
Musk’s electronic-vehicle-first strat-
egy. He has disrupted and altered a
massive, century-old industry, and
he’s not finished yet. — .A.R.
• YTD Total Return: 139.3%
• Annualized Total Return While CEO: 50.4%
• Annualized Total Return S&P 500: 13.5%
Satya Nadella
MICROSOFT/MSFT (CEO SINCE 2014)
WHY: He went all-in on cloud
services—and the pandemic has
only increased demand.
In the summer of 2000, Microsoft
shares touched $40. They didn’t re-
turn to that level again until 2014—
the year that Satya Nadella succeeded
Steve Ballmer as the software giant’s
CEO. At the time, there was wide-
spread speculation that the company
would go outside of Redmond,
Wash., to find a new leader—Ford
Motor’s (F) then-CEO, Alan Mulally,
was considered a possible choice.
Nadella had been running Azure, the
company’s cloud business, and
wasn’t well known outside Microsoft.
But he turned out to be the perfect
choice.
Nadella, 52, has pushed Microsoft
to go all-in on the cloud, and it contin-
ues to see strong growth for Azure,
Office 365, Teams, and other cloud-
based software. The Covid-19 pan-
demic has driven up demand for such
cloud services, and the trend is likely
to be sustained.
“We’ve seen two years’ worth of dig-
ital transformation in two months,”
Nadella said in announcing March-
quarter earnings. “Our durable busi-
ness model, diversified portfolio, and
differentiated technology stack position
us well for what’s ahead.”
The bottom line: Microsoft shares
have appreciated more than fivefold
since Nadella took the top job. — E.J.S.
• YTD Total Return: 24.4%
• Annualized Total Return While CEO: 32.2%
• Annualized Total Return S&P 500: 10.7%
Brian Niccol
CHIPOTLE MEXICAN GRILL/CMG
(CEO SINCE 2018)
WHY: When online orders surged,
he made sure Chipotle was ready.
In just over two years as CEO at
Chipotle Mexican Grill, Brian
Niccol has returned the company to
industry-leading performance. His
first tasks were to ensure that food-
safety mishaps like those that oc-
curred several years ago don’t recur,
while improving speed and customer
satisfaction. “It was a company full of
ideas; it just lacked discipline and
focus to figure out what are the few
things you want to do really well,”
says the Taco Bell veteran.
BARRON’S
Yuan
Store workers and suppliers learned
new procedures. Customers warmed to
the food, says Niccol, 46. By the end of
last year, Chipotle had regained all of
the market share it had ceded to other
quick-service Mexican chains.
Young eaters wanted more digital
access. So, Niccol repurposed a system
for handling bulk orders without slow-
ing down lines into a new way to fulfill
online orders. When this year’s shut-
downs suddenly shifted 70% of Chi-
potle’s business online, up from about
20% previously, the company was pre-
pared. A relatively strong financial
position allowed Niccol to make good
on first-quarter worker bonuses, too.
Restaurants have now begun to
reopen. Chipotle is expected to report
only a modest sales dip this year, and
its shares recently traded at all-time
highs. Long term, Niccol says, the com-
pany can more than double its restau-
rant count in the U.S. alone. — J.H.
• YTD Total Return: 20.8%
• Annualized Total Return While CEO: 66.9%
• Annualized Total Return S&P 500: 9.6%
Daniel O’Day
GILEAD SCIENCES/GILD
(CEO SINCE 2019)
WHY: He moved aggressively to test
and distribute Covid-19 treatment
remdesivir.
In January, when Daniel O’Day had
been chief executive of Gilead Sci-
ences for not quite a year, his re-
searchers told him about an experi-
mental medicine called remdesivir,
which might prove useful against the
latest coronavirus outbreak. “It wasn’t
an accident,” says O’Day. “This com-
June 29, 2020 June 29, 2020
expects trial results later this summer.
“We feel pretty good about it,” says
co-founder and chief executive Leon-
ard Schleifer, 67. “We’re operating way
downstream at the edge of biology,
medicine, and technology, but it’s a
place that we’re very comfortable in.”
The antibody cocktail was identi-
fied and assembled in less than six
months, but the technology behind
it—using mice that have been geneti-
cally modified with human immune
systems to create human antibodies in
response to viruses—was developed
over decades. Shortly before Covid-19
arrived, the technique gave rise to an
effective treatment for Ebola.
Less-noticed than Regeneron’s pan-
demic efforts might be that sales of its
drug for eczema and other allergic
diseases, Dupixent, are soaring, and
From Top: Kena Betancur/Getty Images (Yuan reference); Courtesy of Chipotle Mexican Grill; Alex Brandon/AP/Shutterstock; Eric Thayer/Bloomberg; courtesy of Facebook
pany has been investing in research in that its cancer drug Libtayo produced
emerging viruses for a couple of de- more positive trial results in April.
cades now, without really knowing The U.S. Department of Justice sued
what viruses would materialize.” Regeneron this past week, alleging that
Starting with a small sample of the it had boosted sales of its macular de-
drug, O’Day, 56, was able to marshall generation drug Eylea by using a chari-
scientists and regulators to quickly test table foundation to subsidize Medicare
and distribute it, while keeping a ner- patients’ co-payments, in violation of
vous public informed. More remark- the federal False Claims Act. In a press
able is that he accomplished these release, the company said the suit had
things while completing a $4.9 billion no merit and that it would “vigorously
acquisition of cancer drugmaker Forty defend” itself. It declined to comment
Seven—part of his mission to diversify beyond the press release. — J.H.
Gilead away from a concentration on • YTD Total Return: 71.5%
HIV medicine, and to find growth. • Annualized Total Return While CEO: 12.4%
“It’s not every company that can be • Annualized Total Return S&P 500: 9.7%
Niccol focusing on a huge public health crisis
and also building out their portfolio at
the same time, so I give them pretty Eric Yuan
high marks,” says one bull, SVB ZOOM VIDEO COMMUNICATIONS/ZM
Leerink analyst Geoffrey Porges. (CEO SINCE 2011)
Work on remdesivir, now delivered WHY: Almost everyone has used this
through hospital infusions, continues. videoconference platform during the
And Gilead is starting trials on an crisis, turning “Zoom” into a verb.
inhaled version that can be adminis-
O’Day tered outside of hospitals. — J.H. When we look back on this strange
• YTD Total Return: 21.5% and terrifying period, one thing we’ll
• Annualized Total Return While CEO: 19.9% recall is how much time we spent on
• Annualized Total Return S&P 500: 9.7% Zoom. The San Jose, Calif., company
that makes the videoconferencing soft-
ware already was flying high before the
Leonard Schleifer pandemic’s onset. Revenue was up
REGENERON PHARMACEUTICALS/ 88% for the year ended in January
REGN (CEO SINCE 1988) 2020, but Covid-19 has transformed
Zoom Video Communications into a
Schleifer WHY: He raced into clinical trials with
a drug developed for Covid-19. nearly universal utility. April-quarter
revenue soared 169%.
Some seasoned medicines have been To be sure, the surge has come with
repurposed quickly to treat Covid-19, new scrutiny over privacy and security
but in June, Regeneron Pharmaceu- issues, and some critics don’t like
ticals became one of the first compa- Zoom’s close ties to China, where it
nies to enter clinical trials with a drug employs a large number of engineers.
developed specifically for the disease. It But CEO Eric Yuan, 50, has deftly
Zuckerberg has already begun manufacturing, and steered through the maelstrom—and
BARRON’S 27
Zoom shares have nearly quadrupled
this year.
Despite the big stock run and stun-
OR
N
ning top-line growth, Yuan sees huge
F
O
I
opportunities. “Video is going to change
E D
T
everything about communication,” he
IR
C
said on Zoom’s June 2 earnings call.
W
NE
“The way for us to work, live, and play
W S
NE
N
is completely changing.” — E.J.S.
O
• YTD Total Return: 257.8%
C
• Annualized Total Return While CEO: 408.5%
• Annualized Total Return S&P 500: 7.9%
Mark Zuckerberg
FACEBOOK/FB (CEO SINCE 2004)
WHY: Launched online retail initia-
tive, unveiled plans to support black-
owned businesses; usage is soaring.
In 2020, Mark Zuckerberg is earning
his keep. The social network’s founder
has stepped up his involvement in day-
to-day operating issues as Facebook
copes with soaring usage for its ser-
vices and a softening online ad market.
Facebook is maneuvering among
the land mines created by the pan-
demic and its economic fallout; grow-
ing social unrest; new scrutiny of legal
protections for online services; and a
coming presidential election that seems
certain to exceed even 2016 in bitter-
ness and controversy.
Zuckerberg, 36, has drawn attention
for taking a more conciliatory approach
to President Donald Trump than many
other tech leaders, which has led to a
public revolt by some employees.
Meanwhile, some advertisers are heed-
ing calls by civil rights groups to boy-
cott the company for its alleged failure
to curtail hate speech and misinforma-
tion on its platform.
Exceed wealth management
Yet Zuckerberg has used the down- practice goals with trusted
turn to go on the offensive, launching
an online retail initiative called Face- news and insights
book Shops, announcing a $200 mil-
lion program to support black-owned
Strong advisor-client relationships are built on meaningful
businesses, and unveiling plans to al-
interaction. With trusted news, expert analysis and exclusive
low at least half of Facebook’s employ-
© 2019 Dow Jones & Co., Inc. All Rights Reserved. BAVHP2056
ees to work remotely. Besides, his ap- coverage from Dow Jones Newswires, your practice is wired for
proach to the president‘s comments high-value client conversations.
may be paying off with reduced regula-
tory scrutiny.
Facebook shares are trading at a
Spark client outreach at dowjones.com/wealth-connection
record high as investors look past the
current messiness and see a huge fu-
ture for a company that already
touches more than three billion people
every month—close to 40% of the
Earth’s population. — E.J.S.
• YTD Total Return: 16.3%
• Annualized Total Return While CEO: 25.5%
• Annualized Total Return S&P 500: 13.6% B
26
mortgage claims, reduced risks, and
returned the bank to profitability,
while spreading the mantra of “reason-
able growth.”
As the U.S. navigates its way out of
recession, Moynihan’s mantra will
resonate more than ever. — L.P.N.
• YTD Total Return: -27.3%
• Annualized Total Return While CEO: 6.2%
• Annualized Total Return S&P 500: 13.1%
Elon Musk
TESLA/TSLA (CEO SINCE 2008)
WHY: Pandemic or not, he’s
revolutionizing two industries.
Elon Musk is the ultimate multitasker.
He not only heads Tesla, the second-
most-valuable car company in the
world, but also privately held SpaceX,
which made history in May when it
sent NASA astronauts to the Interna-
tional Space Station. This was the first
time NASA had used commercially
built equipment, and the first manned
launch from U.S. soil since 2011.
What’s more, the rocket used to send
astronauts Bob and Doug—as their
colleagues call them—landed verti-
cally on a drone ship a few minutes
later, for reuse after some refurbish-
ing. The episode was breathtaking
and provided the world with a much-
needed shot of joy at an otherwise
mournful time.
But Musk, 48, makes Barron’s list
because of Tesla, which he co-
founded and has led for 12 years. His
tenure has been marked by contro-
versy, but from an investment per-
spective, it has been an amazing run:
The stock has gone up roughly 50-
fold since it started trading in 2010,
and has more than doubled this year.
In part, that’s because sales are ex-
pected to grow in 2020, although Musk
had to ruffle some feathers to make that
happen. He sued Tesla’s home county to
reopen the company’s California manu-
facturing facility, but later dropped the
suit and reached a compromise. The
aggressive stance was questionable, but
Musk‘s broader vision has paid off for
Tesla buyers and investors.
What’s more, every other major
auto maker, including General
Motors (GM) and Volkswagen
(VOW.Germany), is trying to emulate
Musk’s electronic-vehicle-first strat-
egy. He has disrupted and altered a
massive, century-old industry, and
he’s not finished yet. — .A.R.
• YTD Total Return: 139.3%
• Annualized Total Return While CEO: 50.4%
• Annualized Total Return S&P 500: 13.5%
Satya Nadella
MICROSOFT/MSFT (CEO SINCE 2014)
WHY: He went all-in on cloud
services—and the pandemic has
only increased demand.
In the summer of 2000, Microsoft
shares touched $40. They didn’t re-
turn to that level again until 2014—
the year that Satya Nadella succeeded
Steve Ballmer as the software giant’s
CEO. At the time, there was wide-
spread speculation that the company
would go outside of Redmond,
Wash., to find a new leader—Ford
Motor’s (F) then-CEO, Alan Mulally,
was considered a possible choice.
Nadella had been running Azure, the
company’s cloud business, and
wasn’t well known outside Microsoft.
But he turned out to be the perfect
choice.
Nadella, 52, has pushed Microsoft
to go all-in on the cloud, and it contin-
ues to see strong growth for Azure,
Office 365, Teams, and other cloud-
based software. The Covid-19 pan-
demic has driven up demand for such
cloud services, and the trend is likely
to be sustained.
“We’ve seen two years’ worth of dig-
ital transformation in two months,”
Nadella said in announcing March-
quarter earnings. “Our durable busi-
ness model, diversified portfolio, and
differentiated technology stack position
us well for what’s ahead.”
The bottom line: Microsoft shares
have appreciated more than fivefold
since Nadella took the top job. — E.J.S.
• YTD Total Return: 24.4%
• Annualized Total Return While CEO: 32.2%
• Annualized Total Return S&P 500: 10.7%
Brian Niccol
CHIPOTLE MEXICAN GRILL/CMG
(CEO SINCE 2018)
WHY: When online orders surged,
he made sure Chipotle was ready.
In just over two years as CEO at
Chipotle Mexican Grill, Brian
Niccol has returned the company to
industry-leading performance. His
first tasks were to ensure that food-
safety mishaps like those that oc-
curred several years ago don’t recur,
while improving speed and customer
satisfaction. “It was a company full of
ideas; it just lacked discipline and
focus to figure out what are the few
things you want to do really well,”
says the Taco Bell veteran.
BARRON’S
Yuan
Store workers and suppliers learned
new procedures. Customers warmed to
the food, says Niccol, 46. By the end of
last year, Chipotle had regained all of
the market share it had ceded to other
quick-service Mexican chains.
Young eaters wanted more digital
access. So, Niccol repurposed a system
for handling bulk orders without slow-
ing down lines into a new way to fulfill
online orders. When this year’s shut-
downs suddenly shifted 70% of Chi-
potle’s business online, up from about
20% previously, the company was pre-
pared. A relatively strong financial
position allowed Niccol to make good
on first-quarter worker bonuses, too.
Restaurants have now begun to
reopen. Chipotle is expected to report
only a modest sales dip this year, and
its shares recently traded at all-time
highs. Long term, Niccol says, the com-
pany can more than double its restau-
rant count in the U.S. alone. — J.H.
• YTD Total Return: 20.8%
• Annualized Total Return While CEO: 66.9%
• Annualized Total Return S&P 500: 9.6%
Daniel O’Day
GILEAD SCIENCES/GILD
(CEO SINCE 2019)
WHY: He moved aggressively to test
and distribute Covid-19 treatment
remdesivir.
In January, when Daniel O’Day had
been chief executive of Gilead Sci-
ences for not quite a year, his re-
searchers told him about an experi-
mental medicine called remdesivir,
which might prove useful against the
latest coronavirus outbreak. “It wasn’t
an accident,” says O’Day. “This com-
June 29, 2020 June 29, 2020
expects trial results later this summer.
“We feel pretty good about it,” says
co-founder and chief executive Leon-
ard Schleifer, 67. “We’re operating way
downstream at the edge of biology,
medicine, and technology, but it’s a
place that we’re very comfortable in.”
The antibody cocktail was identi-
fied and assembled in less than six
months, but the technology behind
it—using mice that have been geneti-
cally modified with human immune
systems to create human antibodies in
response to viruses—was developed
over decades. Shortly before Covid-19
arrived, the technique gave rise to an
effective treatment for Ebola.
Less-noticed than Regeneron’s pan-
demic efforts might be that sales of its
drug for eczema and other allergic
diseases, Dupixent, are soaring, and
From Top: Kena Betancur/Getty Images (Yuan reference); Courtesy of Chipotle Mexican Grill; Alex Brandon/AP/Shutterstock; Eric Thayer/Bloomberg; courtesy of Facebook
pany has been investing in research in that its cancer drug Libtayo produced
emerging viruses for a couple of de- more positive trial results in April.
cades now, without really knowing The U.S. Department of Justice sued
what viruses would materialize.” Regeneron this past week, alleging that
Starting with a small sample of the it had boosted sales of its macular de-
drug, O’Day, 56, was able to marshall generation drug Eylea by using a chari-
scientists and regulators to quickly test table foundation to subsidize Medicare
and distribute it, while keeping a ner- patients’ co-payments, in violation of
vous public informed. More remark- the federal False Claims Act. In a press
able is that he accomplished these release, the company said the suit had
things while completing a $4.9 billion no merit and that it would “vigorously
acquisition of cancer drugmaker Forty defend” itself. It declined to comment
Seven—part of his mission to diversify beyond the press release. — J.H.
Gilead away from a concentration on • YTD Total Return: 71.5%
HIV medicine, and to find growth. • Annualized Total Return While CEO: 12.4%
“It’s not every company that can be • Annualized Total Return S&P 500: 9.7%
Niccol focusing on a huge public health crisis
and also building out their portfolio at
the same time, so I give them pretty Eric Yuan
high marks,” says one bull, SVB ZOOM VIDEO COMMUNICATIONS/ZM
Leerink analyst Geoffrey Porges. (CEO SINCE 2011)
Work on remdesivir, now delivered WHY: Almost everyone has used this
through hospital infusions, continues. videoconference platform during the
And Gilead is starting trials on an crisis, turning “Zoom” into a verb.
inhaled version that can be adminis-
O’Day tered outside of hospitals. — J.H. When we look back on this strange
• YTD Total Return: 21.5% and terrifying period, one thing we’ll
• Annualized Total Return While CEO: 19.9% recall is how much time we spent on
• Annualized Total Return S&P 500: 9.7% Zoom. The San Jose, Calif., company
that makes the videoconferencing soft-
ware already was flying high before the
Leonard Schleifer pandemic’s onset. Revenue was up
REGENERON PHARMACEUTICALS/ 88% for the year ended in January
REGN (CEO SINCE 1988) 2020, but Covid-19 has transformed
Zoom Video Communications into a
Schleifer WHY: He raced into clinical trials with
a drug developed for Covid-19. nearly universal utility. April-quarter
revenue soared 169%.
Some seasoned medicines have been To be sure, the surge has come with
repurposed quickly to treat Covid-19, new scrutiny over privacy and security
but in June, Regeneron Pharmaceu- issues, and some critics don’t like
ticals became one of the first compa- Zoom’s close ties to China, where it
nies to enter clinical trials with a drug employs a large number of engineers.
developed specifically for the disease. It But CEO Eric Yuan, 50, has deftly
Zuckerberg has already begun manufacturing, and steered through the maelstrom—and
BARRON’S 27
Zoom shares have nearly quadrupled
this year.
Despite the big stock run and stun-
OR
N
ning top-line growth, Yuan sees huge
F
O
I
opportunities. “Video is going to change
E D
T
everything about communication,” he
IR
C
said on Zoom’s June 2 earnings call.
W
NE
“The way for us to work, live, and play
W S
NE
N
is completely changing.” — E.J.S.
O
• YTD Total Return: 257.8%
C
• Annualized Total Return While CEO: 408.5%
• Annualized Total Return S&P 500: 7.9%
Mark Zuckerberg
FACEBOOK/FB (CEO SINCE 2004)
WHY: Launched online retail initia-
tive, unveiled plans to support black-
owned businesses; usage is soaring.
In 2020, Mark Zuckerberg is earning
his keep. The social network’s founder
has stepped up his involvement in day-
to-day operating issues as Facebook
copes with soaring usage for its ser-
vices and a softening online ad market.
Facebook is maneuvering among
the land mines created by the pan-
demic and its economic fallout; grow-
ing social unrest; new scrutiny of legal
protections for online services; and a
coming presidential election that seems
certain to exceed even 2016 in bitter-
ness and controversy.
Zuckerberg, 36, has drawn attention
for taking a more conciliatory approach
to President Donald Trump than many
other tech leaders, which has led to a
public revolt by some employees.
Meanwhile, some advertisers are heed-
ing calls by civil rights groups to boy-
cott the company for its alleged failure
to curtail hate speech and misinforma-
tion on its platform.
Exceed wealth management
Yet Zuckerberg has used the down- practice goals with trusted
turn to go on the offensive, launching
an online retail initiative called Face- news and insights
book Shops, announcing a $200 mil-
lion program to support black-owned
Strong advisor-client relationships are built on meaningful
businesses, and unveiling plans to al-
interaction. With trusted news, expert analysis and exclusive
low at least half of Facebook’s employ-
© 2019 Dow Jones & Co., Inc. All Rights Reserved. BAVHP2056
ees to work remotely. Besides, his ap- coverage from Dow Jones Newswires, your practice is wired for
proach to the president‘s comments high-value client conversations.
may be paying off with reduced regula-
tory scrutiny.
Facebook shares are trading at a
Spark client outreach at dowjones.com/wealth-connection
record high as investors look past the
current messiness and see a huge fu-
ture for a company that already
touches more than three billion people
every month—close to 40% of the
Earth’s population. — E.J.S.
• YTD Total Return: 16.3%
• Annualized Total Return While CEO: 25.5%
• Annualized Total Return S&P 500: 13.6% B
28 BARRON’S June 29, 2020

PROFILE Doug Forsyth and Justin Kass,

Co-Managers, AllianzGI Convertible Fund

That’s One
Way to Beat
The Market
By LEWIS BRAHAM

N
ot many money managers can say they have
beaten the stock market—and done so with
less volatility—over the past 25 years. Doug
Forsyth and Justin Kass can.
They manage the $1.5 billion AllianzGI
Convertible fund (ticker: ANZAX), which
invests in convertible bonds. These hybrid
securities—which can be converted into equity when the
companies’ common stock shares trade above a prede-
termined target, or “conversion” price—offer the down-
side principal protection of bonds and some of the up-
side of stocks.
“An ideal convertible should have 60% to 80% of the
upside of the underlying equity and 50% or less of its
downside,” Kass says. “In a perfect world, our entire
portfolio would have these total-return characteristics.”
The world hasn’t been perfect, but the fund has
performed well nonetheless. AllianzGI Convertible has
delivered a 10.3% annualized return since its 1993
inception, versus the S&P 500 index’s 9.6%, and it did
this with 7% less volatility. It charges a 5.5% load, which
many brokers, such as Fidelity and TD Ameritrade,
waive, and has a 0.96% expense ratio.
Forsyth, 51, started managing the fund in December
1994, when it was run by Nicholas-Applegate, a San
Diego–based fund manager with a growth-oriented
investment style, which financial conglomerate Allianz
acquired in 2001. Kass, 45, joined Forsyth’s team in 2000
after interning for Forsyth as a business school student.
He quickly advanced and has been the fund’s lead
manager for some 15 years. Co-manager Forsyth is also
the chief investment officer of the Allianz U.S. Income &
Growth Strategies group, which has $45 billion in assets
under management. The group’s 16 investment
professionals work collaboratively on all of its funds,
including the $4.9 billion AllianzGI Income & Growth

Photograph by BROOK FREDERICK

June 29, 2020
(AZNAX), which buys high-yield bonds,
convertible bonds, and stocks.
Experience is one strength of Forsyth’s
team, which has an average 14-year employee
tenure. “In my entire time here, we’ve only
had one analyst leave the team,” Forsyth says.
True to the fund’s Nicholas-Applegate roots,
Forsyth and Kass have a growth orientation.
Some 59% of the fund is invested in rapidly
growing tech and health-care companies’
convertible bonds, as historically those
industries have been big convertible issuers.
“We want to identify companies that can
meet or exceed earnings expectations,” Kass
says.
Value-oriented managers more often pur-
chase so-called busted convertibles of dis-
tressed companies, which trade at deep dis-
counts to their bonds’ par value. The
cheaper such convertibles trade, the more
they become like bonds and less like equi-
ties. Bond yields increase inversely to price,
and if the stock of the convertible’s issuer is
also depressed, conversion becomes un-
likely. The source of its return will be its
yield and recovering any discount to par
value if the bond doesn’t default.
A busted convertible bond with a $40
conversion price won’t see any of the stock’s
gains if the stock currently trades at $20. On
the flip side, if the stock trades at $60, the
convertible will realize $20 worth of gains,
yet will also be exposed to $20 worth of
losses should the stock fall back to $40
again. This sensitivity to the convertible
issuer’s stock price is known as “delta.”
Although a growth manager, Kass also
manages risk carefully. He doesn’t want the
fund’s convertible deltas to be so high that
AllianzGI Convertible
Total Return
1-Yr
ANZAX 20.2%
Convertibles Category 14.1
Top 10 Holdings
Company / Maturity
Microchip Technology
Convertible 1.63% 2/15/27
Splunk Convertible 1.13% 9/15/25
Broadcom Preferred 9/22 8%
DexCom Convertible 0.25% 11/15/25
Bank of America Preferred 7.25%
NextEra Energy Preferred
3/23 5.279%
Danaher Preferred 4/22 4.75%
RingCentral Convertible 0.01% 3/1/25
Insulet Convertible 0.38% 9/1/26
Exact Sciences Convertible
0.38% 3/15/27
Data: Holdings as of May 31. Returns through June 22; five- and ten-year
returns are annualized.
Sources: Morningstar; Allianz Global Investors
BARRON’S
the fund is exposed to too much downside
equity risk, or too low with too many
busted convertibles. “Our focus is really
right in between that, and that’s what we
call total-return convertibles,” he says,
meaning those priced near par value, hav-
ing 60% to 80% of a stock’s upside with
only 50% of its downside. Such a strategy
requires risk control, and he will typically
trim back a convertible when its issuer’s
stock price has soared too high.
“Typically, we limit the individual
weight of a high-delta security to 2% of the
portfolio,” Kass says. That said, he and
Forsyth won’t necessarily sell convertibles
the fund already owns if they become
busted during a crash.
This year’s market crash has been a
fortunate one for convertibles, as tech and
health-care stocks proved the most resil-
ient. “The convertible market never really
blinked during this downturn,” Kass says.
“There was maybe a couple-week period
where new issuance slowed.” But issuance
has picked up so much since that it is al-
ready at a 12-year high.
That has allowed the fund to stay in-
vested in total-return convertibles, as Kass
and Forsyth can buy new issues at par.
One newly issued convertible the fund
purchased this year is from RingCentral
(RNG). The cloud-based telecom company
recently formed a partnership with Avaya
Holdings (AVYA) to help grow its market
share. “As more companies move to off-
premises communication, RingCentral’s
the primary beneficiary of that trend,”
Kass says. Avaya is moving its hard-wired
telecom customers to a cloud-based system,
which “dramatically expanded the oppor-
tunity set because Avaya has 10 times the
customers that RingCentral does.”
In the health-care sector, Kass picked up
5-Yr 10-Yr convertibles for diabetes-monitor maker
9.8% 11.5% DexCom (DXCM), which he says has the
best monitoring technology. But some of
7.8 9.5
the more interesting opportunities he’s
finding are actually outside of health and
Weighting tech. One of them is Burlington Stores
(BURL), owner of discount chain Burling-
2.20%
ton Coat Factory, whose shares came under
1.86 pressure during the spring’s market dive.
1.85 “The stock had sold off dramatically
1.66 because all their stores were closed when
1.62
they issued the convertible bond” in April,
Kass says. “We talked with company man-
1.59 agement, and they were very straightfor-
ward in saying, ‘This is a once-in-a-lifetime
1.57
opportunity for us to buy inventory from
1.49
distressed retailers. When we’re able to sell
1.45 it again, this is going to be dramatically
positive for our [profit] margins.’ ”
1.41 The Burlington bond has a 2.3% coupon
yield, good for a convertible in today’s low-
interest-rate environment. B
F UN DS
Volatility Drives Big Shifts
In Russell Index ETFs
By Evie Liu
T
hanks to coronavirus-driven
market volatility, exchange-
traded funds tracking FTSE Rus-
sell’s U.S. indexes saw big shifts
as the widely followed benchmarks exe-
cuted their annual rebalancing on Friday.
The turnover at this year’s rebalancing
was particularly high, says Jefferies strate-
gist Steven DeSanctis. He estimates that
the Russell U.S. indexes saw roughly 5% of
their market value purchased or sold.
That’s twice the 2.5% rate at last year’s
reconstitution.
The rebalancing could have a big impact
on investor portfolios, as some $240 bil-
lion in assets in more than 100 ETFs are
tied to Russell’s U.S. indexes, including the
$35.5 billion iShares Russell 2000 ETF
(ticker: IWM) and the $21.5 billion iShares
Russell 1000 ETF (IWB).
One likely factor behind the elevated
turnover in Russell indexes: the equity
market’s unusual volatility during the pan-
demic. After a yearlong rally in 2019, U.S.
stocks saw a steep selloff in early 2020,
followed by a rapid rebound beginning in
late March. While the broader Russell
3000 is largely flat from last June, there
was a notable divergence between different
groups, says Catherine Yoshimoto, director
of product management at FTSE Russell.
As of May 8, when FTSE Russell decided
which stocks to move in and out of its vari-
ous indexes, the weighted-average market
capitalization of current Russell 1000 con-
stituents had inflated 44% from the 2019
reconstitution, to $286 billion, marking the
biggest yearly growth in at least a decade.
During the same period, the Russell
2000 has seen the weighted-average mar-
ket cap of its members shrink by 10% to
$1.9 billion, with its smallest stock tumbling
nearly 38% to below $100 million, the first
time under that threshold since the finan-
cial crisis.
As larger stocks get larger and smaller
stocks get smaller, the breakpoint separat-
29
ing the Russell 1000 and Russell 2000
indexes—or the market cap of the 1001th
largest stock—dropped by more than 16%,
to just $3 billion from $3.6 billion last year.
Jefferies’ DeSanctis estimates that the Rus-
sell 2000 will see its weighted-average mar-
ket cap pulled down by about 16% after
Friday’s rebalancing, as it loses the largest
components to the large-cap benchmark.
The performance gap between growth
and value stocks was even wider. From the
2019 rebalancing to the end of May, the
weighted-average market cap of the Russell
1000 Growth index jumped by a whopping
83% to $486 billion. Peers in the Russell
1000 Value index, meanwhile, were largely
stagnant during the same period.
Since the two indexes evenly split the
Russell 1000’s total market cap at the recon-
stitution, it means that the expanding
growth index will push many members to
the value group and have a much greater
concentration. The value benchmark will see
a higher number of stocks joining its ranks.
The indexes are also seeing shifting
sector exposure at Friday’s reconstitution.
While the Russell 1000 remains largely
unchanged, DeSanctis estimates that
health-care stocks in the Russell 2000 will
lose about two percentage points in
weighting as some high-performing names
grow and join the large-cap universe. Te-
ladoc Health (TDOC) stock, for example,
soared more than 230% over the past 12
months and is now part of the Russell
1000 with a $15 billion market cap. The
Russell 2000 is also losing one percentage
point in tech and gaining 1.5 percentage
points in financials.
Again, that’s shadowed by the greater
sector-weighting shift in the value and
growth groups. Health-care exposure in
the Russell Midcap Growth index, for ex-
ample, will rise nearly six percentage
points, while the Russell 2000 Value in-
dex will see its weighting in tech stocks
drop almost five percentage points. Inves-
tors in ETFs that track these indexes
should be aware of the large moves. B
30
T E CH T RADER
Virtual Events Prove
As Good as the Real
Thing. Maybe Better.
A
s I watched Tim Cook
and his colleagues
deliver their virtual
keynote at Apple’s
developer conference
this past week, I had
a surprising realiza-
tion: The digital show was better than
the annual event I’ve spent years cov-
ering in person.
Apple used much of its two-hour
broadcast to preview software, but it
was also a homage to Apple’s impres-
sive headquarters. The opening shot
came from the Steve Jobs Theater.
From there, the camera moved around
Apple Park, highlighting executives
across the campus. It was an Apple
infomercial, and I was hooked.
Apple (ticker: AAPL) won’t say
how many viewers watched its live
stream, but you can bet it was a lot
more people than fit in the San Jose
McEnerny Convention Center, where
the event usually takes place. As of
Thursday, more than nine million
people had watched the keynote on
YouTube. Monday’s show was just the
BARRON’S
start of the virtual developers confer-
ence—the part designed for non-cod-
ers like me. Actual developers get
multiple sessions spread over a week.
And this year, they could watch in
their jammies.
The success of Apple’s event fore-
shadows larger issues for the sprawl-
ing corporate event business. The
By Eric J. Savitz Covid-19 pandemic has forced the
cancellation of conferences, trade
shows, and customer meetings. It’s
been felt particularly hard in the tech-
nology community, which loves to
gather sales people, customers, pro-
grammers, and reporters to show off
the latest innovations. There’s little
chance the live business events will
resume before the end of the year.
And it could be longer than that. As of
now, the Consumer Technology Asso-
ciation still plans to hold CES, the
year’s biggest tech event, next January.
CTA President Gary Shapiro says
he is “realistic but optimistic” about
the prospects for a live event in Janu-
ary, and that he’s heard from over
1,000 companies that want the show
Big trade shows have more to worry about
than a pandemic. “Going virtual gave us the
ability to open the aperture and get much
broader exposure,” says the chief marketing
officer of Hewlett Packard Enterprise.
More than nine million people have watched
Apple’s virtual keynote on YouTube, way more
people than you could fit in a convention center.
to go on. “We’re human beings, and
we want to get together,” he says. Sha-
piro confirms some form of CES is
coming, whether physical or virtual.
He promises more hand sanitizer,
less handshaking, and more face
masks. But when I talk to tech execs,
the bet is that a live 2021 show won’t
happen at all.
The stakes are too high to give up
on live events altogether. Tech events
generate billions of dollars for hotels,
airlines, restaurants, convention cen-
ters, and a host of other businesses.
They also play a crucial role in the
tech ecosystem. CES is an endless
series of keynotes, parties and press
events, but behind the scenes, CES is
all about face-to-face meetings.
Those things all feel like luxuries
now. The industry can’t wait around
for a vaccine—it has software to sell
and quotas to hit. The events business
is moving on, which is to say, moving
online. And a good part of the busi-
ness might just stay there.
Apple isn’t the only company going
virtual. This past week, Hewlett
Packard Enterprise (HPE) held a
virtual edition of Discover, the enter-
prise tech giant’s flagship customer
event. Until mid-March, the company
was planning a live event in Las Ve-
gas, with 10,000-plus attendees.
But the company pivoted to a vir-
tual event—and it worked. “Going
virtual gave us the ability to open the
aperture and get much broader expo-
sure,” says Jim Jackson, the chief mar-
keting officer of HPE. He notes that
the event had more than 75,000 regis-
tered attendees, and over 750,000
watched CEO Antonio Neri’s keynote
June 29, 2020
recorded from his home, where he is
recovering from Covid-19.
Jackson says content was adjusted
for the virtual format. The conference
streamed around the clock to match
the needs of a global customer base,
with sessions in 10 different languages.
Earlier this month, Cisco (CSCO)
turned Cisco Live, its event that drew
28,000 people last year, into an online
experience, as well. Alessandra Sapiz,
Cisco’s vice president for global
events, says the digital version drew
125,000 people. The online format
meant keeping days shorter—two six-
hour blocks over two days, with 59
total sessions and hundreds of others
offered online on demand. Cisco still
tried to have “surprise and delight”
moments, Sapiz says, which included
musical performances from the
Chainsmokers, Sting, and Fall Out
Boy, and an interview with Joan Jett.
Paddy Cosgrave, the Irish entrepre-
neur who runs the annual Web Sum-
mit and Collision conferences, de-
buted “Collision at Home” this past
week. He says more than 32,000 peo-
ple signed up, with U.S. attendees
paying $183 each. Collision’s platform
aimed to bring a live feel to the event.
It included a speed-networking fea-
ture that paired attendees for three
minutes of random chat, and at least
four simultaneous events.
As I spoke with Cosgrave, the for-
mer White House aide Anthony Scar-
amucci was on one virtual stage and
LL Cool J was on another. Cosgrave is
still working on Web Summit, sched-
uled for December in Lisbon where he
had once been expecting 100,000
people, but he concedes a digital event
is now more likely.
For now, tech events firm Techon-
omy is still planning its next big event
for November at the Ritz Carlton in
Half Moon Bay, Calif., but CEO Josh
Photograph by Ethan Miller/Getty Images
Kampel is trying to be realistic.
“So many things have to happen to
successfully have a live event again,”
he says. “Will the speakers want to go
to a conference? Will their companies
even let them? ...Will people want to
fly in? And how will you do catering?
Will everyone be behind plastic?”
Difficult questions, with no easy
answers. B
June 29, 2020
THE EC ONOMY
Why the Government
Should a Borrower Be
T
he U.S. Treasury
will probably need
to borrow tens of
trillions of dollars
to get the economy
back on track after
the coronavirus
pandemic. That may sound bad, but
soaring public debt is far better than
the alternative: massive private wealth
destruction.
The coronavirus hits the economy in
two ways. The direct hit is an unavoid-
able consequence of the disease itself.
Many goods and services are now ei-
ther harder to get or impossible to pur-
chase without risking exposure to a
highly contagious disease. At the same
time, many workers are being pre-
vented from doing their jobs as produc-
tively and as safely as they had before
the crisis. Together, this means that we
can’t satisfy our material desires as well
as we could six months ago. Economi-
cally, we are all worse off—and nothing
will change that besides eliminating the
threat of infection.
This direct hit has a corresponding
secondary hit: financial losses. Less
consumption and less production
necessarily mean less real income, so
someone has to end up poorer. What
matters is who that will be. Different
entities can absorb the financial hit
better than others based on the
strength of their balance sheets and
their ability to service their obligations.
Dumping the losses on the wrong
people amplifies the initial impact of
the virus by forcing additional—and
unnecessary—cuts in consumption and
investment.
This secondary hit may be even
larger than the direct consequences of
the disease. For example, American
businesses (and state and local govern-
ments) have responded to plunging
BARRON’S
revenues by firing tens of millions of
workers, cutting capital and operating
expenses, selling valuable assets, slash-
ing dividends and buybacks, and bor-
rowing trillions of dollars via bonds
and bank loans—and, when things are
really bad, by going bankrupt. Most of
those choices reduce the income of
others, whether they are laid-off work-
By Matthew C. ers, other businesses deprived of sales,
Klein or investors. The only choices that
don’t directly reduce anyone else’s
income are asset sales and borrowing,
but those lower net worth by reducing
future earnings.
Individuals face similar con-
straints. They can consume less, sell
assets, save less, or borrow more.
Lower incomes mean some combina-
tion of lower living standards and
lower net worth. That leads to further
cuts in spending and income through-
Private Debt Matters More
Overall U.S. indebtedness fell after 2008 because households and businesses reduced their obligations by
more than the federal government increased its borrowing.
Debt securities and loans outstanding relative to GDP, by sector
300%
Federal Government
Financial Businesses
Households and Nonfinancial Businesses
200
100
0 businesses would be sacrificed for
1953 ’60 ’70 ’80
Sources: Federal Reserve Board; Bureau of Economic Analysis; Barron’s calculations
Even though federal government debt tripled
in dollar terms from 2007 to 2019, America’s
total indebtedness was lower in 2019 than in 2007.
out the economy.
The federal government has taken
on some of the financial costs of the
virus by borrowing to give money to
workers, businesses, and state and
local governments. But this hasn’t
been nearly enough, which is why
commercial bankruptcies are spiking
and job losses are mounting outside of
sectors directly affected by the virus.
Worse, limited government support
will soon expire, which means that
workers and businesses will be forced
to respond to massive financial losses
in ways that will compound the eco-
nomic damage.
There was an alternative: The fed-
eral government could have taken the
entire hit by absorbing the full finan-
cial impact of the virus on its balance
sheet. In practice, that would have
meant borrowing as much as neces-
sary to support the incomes of work-
ers and businesses, even as consumer
spending plunged. The balance sheets
and incomes of the private sector
would have been shielded by the en-
tity best able to carry the additional
debt. Moreover, America’s total eco-
nomic and financial losses would have
been smaller because the secondary
economic impact of the virus would
have been contained.
’90 2000 ’10 ’20
31
Congress still has the opportunity,
and the wherewithal, to make every
household and business whole. This
may look expensive, but it’s important
to have perspective. Regardless of what
happens, the government will almost
certainly be on the hook for most of the
economic losses because tax revenue
will be stagnant and safety-net spend-
ing will be elevated during a period
when workers and businesses cut their
borrowing.
Fears about the ratio of federal debt
to national income should not con-
strain the government’s response.
That’s what happened after the finan-
cial crisis. Fiscal austerity since 2009
explains why interest rates fell so
much, and why real gross domestic
product per person in 2019 was 14%
below the level it would have been if
output had kept growing in line with
the stable 1947-2006 trend.
The growth in federal government
debt after the financial crisis may have
looked large, but it was too small to
offset the private sector’s retrench-
ment and meet the massive growth in
demand from investors needing
hedges for their portfolios, from pen-
sion plans, and from foreign savers.
Debt securities and loans owed by the
private sector peaked at 290% of na-
tional income in 2008 and dropped to
225% by 2019. Over the same period,
federal government debt rose from
43% to 88%. Even though federal gov-
ernment debt tripled in dollar terms,
America’s total indebtedness was
lower in 2019 than in 2007.
No matter how it’s done, arbi-
trarily constraining government debt
issuance will prove costly for the pri-
vate sector. If the supply of safe fixed
income is prevented from rising to
meet demand, the price will have to
adjust in the form of even lower
yields at the expense of savers. Politi-
cians concerned about ratios of pub-
lic debt to GDP will strangle growth
through needless austerity or directly
address the problem with confisca-
tory wealth taxes. Either way, the
balance sheets of households and
the sake of the Treasury.
Government should work for the
people, not the other way around. B
32
Q& A
A Master’s
Lessons on
Valuation
By AL ROOT
A
swath Damodaran has taught tens of thou-
sands of students at New York University’s
Stern School of Business how to value
stocks. Outside of the classroom, he is one
of the best-known experts on valuation,
and is often the go-to source when report-
ers are trying to understand how a hot new
company can have metrics that seem to defy conven-
tional analysis.
The professor, 62, received his master’s degree and
doctorate from the University of California, Los Angeles.
He is the author of four books on equity valuation.
Barron’s recently talked with Damodaran, who is
unafraid to challenge assumptions about controversial
stocks. His voice is as important as any other when it
comes to determining what a stock is worth. An edited
version of the conversation follows:
Barron’s: Tell us about teaching stock valuation.
Aswath Damodaran: Everything I know about valua-
tion I’ve learned in the process of teaching that class. I
remember October 1987, the one-day collapse of the S&P
500 index, down 22%. The next day, I’d go back to class
and talk to people about how can the market change
22%? And you still believe in value? And the 1990s dot-
com boom and bust. I had to talk about Amazon.com
[ticker: AMZN], whether I wanted to or not in 1997.
How can a company with very little revenues, and ev-
erything in the future, be worth what it is? There was
nothing on valuing young companies in 1997. I had to
improvise what I’ve known about valuation.
And improvise is the key word. It’s how I’ve finagled
my way to where I am today, by improvising. Because
every time I run into something I’ve never seen before, I
go back to basics, and amazingly there’s so much give in
the basics that I can stretch them to meet just about any
Illustration by KEVIN McGIVERN
BARRON’S June 29, 2020 June 29, 2020
An Interview With Aswath Damodaran,
Professor of Finance, Stern School of Business at NYU
requirement that I need, any conditions
I face. But to me, every crisis is a cruci-
ble. It tests my faith. It checks my phi-
losophy. And it teaches me new things.
What are the basics?
Cash flow, growth, and risk. I tell
people about a Venetian glassmaker in
the 1400s; when he sold his business,
people didn’t check earnings reports.
They checked what’s cash in, cash out.
How stable are these numbers? And
they did their own version of a dis-
counted cash flow valuation. All we’ve
done is taken those basics and added
layers and layers, sometimes too many
layers. Whenever I’m in doubt, I go
back to those basics.
You said valuation was uninterest-
ing in the 1980s. How so?
I think the biggest difference of the
1990s was public markets encroach-
ing into what used to be the private
market space. In the initial public
offerings of the 1970s and 1980s,
whether Apple [AAPL] or
Microsoft [MSFT], the company is
almost fully formed. Even if it wasn’t
making money, it was very close to
making money. What the dot-com
boom changed, and permanently
changed, is that you could have com-
panies that used to stay in the private
space for longer, have the capacity to
go public. The old metrics—price/
earnings ratios, price-to-book ratios,
enterprise value to Ebitda—are all
designed for companies that are
pretty established companies. You
take those metrics, and you try to
price a young company that’s still
building a business model. I think of
a company like Uber Technologies
[UBER] as a company that fits that
description. Nothing’s going to work.
Right.
And when that happens, people react
in strange ways. They then say, oh,
these people are crazy. They’re irratio-
nal. They must be shallow. And that, I
think, is something I’ve found to be
very troubling about old-time value
investors. They use metrics they looked
up, applied these metrics to a Zoom
Video Communication [ZM] or a
Zillow Group [Z], and they say, well,
BARRON’S
these people are crazy. And I say, look,
maybe those people aren’t crazy. Maybe
you’re just using a mechanism that is
not right for measuring value at these
companies. It’s still about cash flows,
growth, and risk. But those cash flows,
growth, and risk are all in the future.
You’ve got to deal with estimating it.
At Barron’s, we often default to P/E
ratios. What is the best way to
update a value investor’s “cheat
sheet?”
I think one of the problems with fi-
nance is it was developed primarily in
the U.S. in the second half of the 20th
century. The U.S. economy in the sec-
ond half of the 20th century was the
most stable, mean-reverting economy
of all time. If you look at traditional
old-time value, that’s low P/E stocks.
The reason it works is that low P/E
stocks revert back to the average, and
you make your money. Mean rever-
sion works until it doesn’t.
What do you mean?
The U.S. was the largest economy in
the world, but it wasn’t the global
economy. So, since 2008, we are push-
ing back against the Shiller P/E and
the CAPE [cyclically adjusted P/E]
ratios because there are a lot of very
lazy arguments being made for stocks
being overvalued because a normal
P/E for the S&P is about 16. Where do
you get that? Well, the Shiller data are
from 1871 to 2009. Come on.
The
Market- Standard valuation measures must
Minded have some value?
I’m not an academic. I’m a pragmatist. I
Professor don’t believe that markets are efficient,
Aswath but I also don’t believe that much of
Damodaran active investing, at least as practiced
teaches now, has a prayer at finding and ex-
corporate ploiting these inefficiencies for profit.
finance and But I do think that markets always
valuation convey messages. And if you ignore
at NYU those messages, or you think you’re
bigger than the market, it’s going to
Four take you down several notches. So I
think that is my overriding message—
get away from static to dynamic, from
The number
of books that backward-looking to forward-looking.
Damodaran And that scares people.
has written
on valuation So how can investors move from
static to dynamic?
We don’t like to be wrong. And I
think that the reason we use histori-
cal data is not even that they give us
better predictions, but because if
something goes wrong, you have
something to blame. You can say,
look, I just used past earnings. It’s
not my fault. So, the first thing we
need to do is abandon the need for it.
The historical data become a crutch.
The second is, and I tell people this,
look, you don’t need to be smart, but
you need to accept the fact that you’re
going to be wrong. And you’ve got to
be willing to change how you do
things when you’re wrong. There is
this deeply held view that there is
smart money on Wall Street. I’m
looking for humble money.
What are your thoughts on today’s
most-talked-about stocks?
At the wrong price, I don’t care how
great the company is. It’s not a great
investment. Facebook [FB] and Ap-
ple are in my portfolio. Amazon has
been in the past. I’ve never owned
Google [Alphabet; GOOGL]. I have to
confess, Google is one of those compa-
nies where I have consistently under-
estimated the capacity of that little
search box.
I like Facebook because I think it
will continue to deliver those advertis-
ing revenues, because it’s the way the
world is evolving. We get our news
from social media. We get our enter-
tainment from social media. And
when you’ve got two billion users who
spend an hour every day on your
platform—and I’m not even counting
the WhatsApp revenues that are going
to come in the future—I think you
have a money machine.
I like Apple, not because it’s ever
going to become a growth company.
I’m a realist on Apple. It is a mature
company with low growth, but it’s the
greatest cash machine in history.
What about some of the gig-
economy companies?
I’m a little skeptical on Uber. I’ve told
people for a long time that I love Uber
as a growth machine, but not its busi-
ness model. It was designed in such a
33
way that it allowed it to scale up really
fast but was very difficult to make
money. It comes with almost no barri-
ers to entry. In 2019, for the first time in
Uber’s history, CEO Dara Khosrow-
shahi said, hey, we have to figure out
how to make money. My response was,
thank you, God. I bought Uber in Sep-
tember of last year. My value’s about
$28 to $30. Basically, it’s going to be car
service as a business, dominated by
two companies, Uber and Lyft [LYFT].
What about Tesla?
I sold Tesla [TSLA] at the start of
this year. I bought it in the middle of
last year because I thought the price
was right at $180. I got incredibly
lucky. I think in a strange way, this
crisis has made Tesla a much more
powerful company in the automobile
space, because it’s capital-light rela-
tive to its competition. The fact that
CEO Elon Musk made cars in a tent
actually is going to work in his favor.
The one thing that always scares me
about valuing Tesla is that it draws
the crazies.
What do you think of the current
rally?
This is going to be a terrible year. We
all agree with that. Now, we can de-
bate whether earnings are going to be
down 30% or 40%, but they’re going
to be down a ton. The real debate
should be about what will happen
over the next three, four, five years.
How much of this damage is perma-
nent? And how much is transitory?
That’s a healthy discussion to have.
And when you have the discussion,
what happens is, you discover that
there are some businesses where the
damage is permanent. The cruise-line
business. It’s never going to go back
to a pre-crisis valuation for good rea-
son. But I’ll make it broader. I think
infrastructure businesses [airlines
and telecommunications], especially
ones with a lot of debt, are going to
be permanently marked down after
this crisis because people have
learned that these companies are
very fragile. They are not designed to
live through a crisis like this one.
Thanks, Aswath. B
32
Q& A
A Master’s
Lessons on
Valuation
By AL ROOT
A
swath Damodaran has taught tens of thou-
sands of students at New York University’s
Stern School of Business how to value
stocks. Outside of the classroom, he is one
of the best-known experts on valuation,
and is often the go-to source when report-
ers are trying to understand how a hot new
company can have metrics that seem to defy conven-
tional analysis.
The professor, 62, received his master’s degree and
doctorate from the University of California, Los Angeles.
He is the author of four books on equity valuation.
Barron’s recently talked with Damodaran, who is
unafraid to challenge assumptions about controversial
stocks. His voice is as important as any other when it
comes to determining what a stock is worth. An edited
version of the conversation follows:
Barron’s: Tell us about teaching stock valuation.
Aswath Damodaran: Everything I know about valua-
tion I’ve learned in the process of teaching that class. I
remember October 1987, the one-day collapse of the S&P
500 index, down 22%. The next day, I’d go back to class
and talk to people about how can the market change
22%? And you still believe in value? And the 1990s dot-
com boom and bust. I had to talk about Amazon.com
[ticker: AMZN], whether I wanted to or not in 1997.
How can a company with very little revenues, and ev-
erything in the future, be worth what it is? There was
nothing on valuing young companies in 1997. I had to
improvise what I’ve known about valuation.
And improvise is the key word. It’s how I’ve finagled
my way to where I am today, by improvising. Because
every time I run into something I’ve never seen before, I
go back to basics, and amazingly there’s so much give in
the basics that I can stretch them to meet just about any
Illustration by KEVIN McGIVERN
BARRON’S June 29, 2020 June 29, 2020
An Interview With Aswath Damodaran,
Professor of Finance, Stern School of Business at NYU
requirement that I need, any conditions
I face. But to me, every crisis is a cruci-
ble. It tests my faith. It checks my phi-
losophy. And it teaches me new things.
What are the basics?
Cash flow, growth, and risk. I tell
people about a Venetian glassmaker in
the 1400s; when he sold his business,
people didn’t check earnings reports.
They checked what’s cash in, cash out.
How stable are these numbers? And
they did their own version of a dis-
counted cash flow valuation. All we’ve
done is taken those basics and added
layers and layers, sometimes too many
layers. Whenever I’m in doubt, I go
back to those basics.
You said valuation was uninterest-
ing in the 1980s. How so?
I think the biggest difference of the
1990s was public markets encroach-
ing into what used to be the private
market space. In the initial public
offerings of the 1970s and 1980s,
whether Apple [AAPL] or
Microsoft [MSFT], the company is
almost fully formed. Even if it wasn’t
making money, it was very close to
making money. What the dot-com
boom changed, and permanently
changed, is that you could have com-
panies that used to stay in the private
space for longer, have the capacity to
go public. The old metrics—price/
earnings ratios, price-to-book ratios,
enterprise value to Ebitda—are all
designed for companies that are
pretty established companies. You
take those metrics, and you try to
price a young company that’s still
building a business model. I think of
a company like Uber Technologies
[UBER] as a company that fits that
description. Nothing’s going to work.
Right.
And when that happens, people react
in strange ways. They then say, oh,
these people are crazy. They’re irratio-
nal. They must be shallow. And that, I
think, is something I’ve found to be
very troubling about old-time value
investors. They use metrics they looked
up, applied these metrics to a Zoom
Video Communication [ZM] or a
Zillow Group [Z], and they say, well,
BARRON’S
these people are crazy. And I say, look,
maybe those people aren’t crazy. Maybe
you’re just using a mechanism that is
not right for measuring value at these
companies. It’s still about cash flows,
growth, and risk. But those cash flows,
growth, and risk are all in the future.
You’ve got to deal with estimating it.
At Barron’s, we often default to P/E
ratios. What is the best way to
update a value investor’s “cheat
sheet?”
I think one of the problems with fi-
nance is it was developed primarily in
the U.S. in the second half of the 20th
century. The U.S. economy in the sec-
ond half of the 20th century was the
most stable, mean-reverting economy
of all time. If you look at traditional
old-time value, that’s low P/E stocks.
The reason it works is that low P/E
stocks revert back to the average, and
you make your money. Mean rever-
sion works until it doesn’t.
What do you mean?
The U.S. was the largest economy in
the world, but it wasn’t the global
economy. So, since 2008, we are push-
ing back against the Shiller P/E and
the CAPE [cyclically adjusted P/E]
ratios because there are a lot of very
lazy arguments being made for stocks
being overvalued because a normal
P/E for the S&P is about 16. Where do
you get that? Well, the Shiller data are
from 1871 to 2009. Come on.
The
Market- Standard valuation measures must
Minded have some value?
I’m not an academic. I’m a pragmatist. I
Professor don’t believe that markets are efficient,
Aswath but I also don’t believe that much of
Damodaran active investing, at least as practiced
teaches now, has a prayer at finding and ex-
corporate ploiting these inefficiencies for profit.
finance and But I do think that markets always
valuation convey messages. And if you ignore
at NYU those messages, or you think you’re
bigger than the market, it’s going to
Four take you down several notches. So I
think that is my overriding message—
get away from static to dynamic, from
The number
of books that backward-looking to forward-looking.
Damodaran And that scares people.
has written
on valuation So how can investors move from
static to dynamic?
We don’t like to be wrong. And I
think that the reason we use histori-
cal data is not even that they give us
better predictions, but because if
something goes wrong, you have
something to blame. You can say,
look, I just used past earnings. It’s
not my fault. So, the first thing we
need to do is abandon the need for it.
The historical data become a crutch.
The second is, and I tell people this,
look, you don’t need to be smart, but
you need to accept the fact that you’re
going to be wrong. And you’ve got to
be willing to change how you do
things when you’re wrong. There is
this deeply held view that there is
smart money on Wall Street. I’m
looking for humble money.
What are your thoughts on today’s
most-talked-about stocks?
At the wrong price, I don’t care how
great the company is. It’s not a great
investment. Facebook [FB] and Ap-
ple are in my portfolio. Amazon has
been in the past. I’ve never owned
Google [Alphabet; GOOGL]. I have to
confess, Google is one of those compa-
nies where I have consistently under-
estimated the capacity of that little
search box.
I like Facebook because I think it
will continue to deliver those advertis-
ing revenues, because it’s the way the
world is evolving. We get our news
from social media. We get our enter-
tainment from social media. And
when you’ve got two billion users who
spend an hour every day on your
platform—and I’m not even counting
the WhatsApp revenues that are going
to come in the future—I think you
have a money machine.
I like Apple, not because it’s ever
going to become a growth company.
I’m a realist on Apple. It is a mature
company with low growth, but it’s the
greatest cash machine in history.
What about some of the gig-
economy companies?
I’m a little skeptical on Uber. I’ve told
people for a long time that I love Uber
as a growth machine, but not its busi-
ness model. It was designed in such a
33
way that it allowed it to scale up really
fast but was very difficult to make
money. It comes with almost no barri-
ers to entry. In 2019, for the first time in
Uber’s history, CEO Dara Khosrow-
shahi said, hey, we have to figure out
how to make money. My response was,
thank you, God. I bought Uber in Sep-
tember of last year. My value’s about
$28 to $30. Basically, it’s going to be car
service as a business, dominated by
two companies, Uber and Lyft [LYFT].
What about Tesla?
I sold Tesla [TSLA] at the start of
this year. I bought it in the middle of
last year because I thought the price
was right at $180. I got incredibly
lucky. I think in a strange way, this
crisis has made Tesla a much more
powerful company in the automobile
space, because it’s capital-light rela-
tive to its competition. The fact that
CEO Elon Musk made cars in a tent
actually is going to work in his favor.
The one thing that always scares me
about valuing Tesla is that it draws
the crazies.
What do you think of the current
rally?
This is going to be a terrible year. We
all agree with that. Now, we can de-
bate whether earnings are going to be
down 30% or 40%, but they’re going
to be down a ton. The real debate
should be about what will happen
over the next three, four, five years.
How much of this damage is perma-
nent? And how much is transitory?
That’s a healthy discussion to have.
And when you have the discussion,
what happens is, you discover that
there are some businesses where the
damage is permanent. The cruise-line
business. It’s never going to go back
to a pre-crisis valuation for good rea-
son. But I’ll make it broader. I think
infrastructure businesses [airlines
and telecommunications], especially
ones with a lot of debt, are going to
be permanently marked down after
this crisis because people have
learned that these companies are
very fragile. They are not designed to
live through a crisis like this one.
Thanks, Aswath. B
34
O T H E R VO I C E S
The Case for Lifting
Restrictions on H-1B
And Other Visas
By Eric Schmidt
E
arly this past Wednes-
day morning, hun-
dreds of thousands of
workers from other
nations were barred
from entering the U.S.
for the rest of the year.
While some think the ban is a neces-
sary measure to help Americans seek
employment during the Covid-19 pan-
demic, stopping the world’s best and
brightest from helping to strengthen
American companies as they compete
globally is far more likely to exacerbate
our economic troubles and damage our
national security for years to come.
The Covid-19 pandemic has dealt a
devastating blow to our economy. The
effects will be felt for months if not
years. We must provide a path back to
work for the millions of Americans
losing their jobs right now. That means
defeating the deadly virus that caused
this crisis in the first place and getting
our economy back toward full employ-
ment. To achieve both objectives, we
need more global talent, not less.
Always a nation at the forefront of
science and technology, America today
is the world’s leader in biology and
medicine. Breakthrough progress in
multiple fields is driving a whole new
age of biological technologies that will
help us live healthier and longer lives.
Research institutions, drug compa-
nies, and biomedical start-ups all over
the U.S. bring world-class talent here.
Many of these workers and the teams
they are part of are driving forward
therapies and vaccines to fight the
novel coronavirus. The new ban
BARRON’S
threatens these and many other scien-
tific moonshots now under way, poten-
tially setting back efforts to save lives
and allow our economy to reopen.
Shutting the door to global talent in
every industry will also impede job
creation by making it harder for U.S.
companies of all sizes to flourish—and
start-ups will be the hardest hit.
Google, a company co-founded by two
Americans, one of whom emigrated to
this country, was only three years old
when I came aboard in 2001, when the
U.S. economy—as it is today—was in
recession. If we hadn’t been able to as-
semble a peerless team of engineers
from the U.S. and many other countries,
we wouldn’t have revolutionized inter-
net search and become the global leader
in artificial intelligence—and Google
wouldn’t employ 119,000 people today.
In fact, research suggests that For-
tune 500 companies are more likely to
be founded during a bear market. The
GMs, Walt Disneys, FedExes, and
Googles of tomorrow are just getting off
the ground now. The last thing we
should do is throw a wrench into their
job-creating potential.
It’s fair to point out that some visa
programs could be abused by compa-
nies seeking to exploit the system. The
solution is to fix the system vulnera-
bilities, not stop the economic growth
it fuels.
June 29, 2020
Our recovery will be faster and
we will emerge stronger if we
remain a welcoming nation.
This is also a matter of national se-
curity. An independent, congressio-
nally chartered commission on artifi-
cial intelligence, which I lead, recently
concluded that the U.S. is in a rapidly
accelerating competition for global
science and engineering expertise, and
that without a concerted effort to build
on our strengths as a magnet for global
talent, “in the coming decade the
United States could lose its status as
the primary base for global AI re-
search, development, and application.”
One of the determining factors for
whether the future of tech will be de-
fined in the U.S. or China is human
capital. The ability to attract and retain
top-tier talent from around the world
is the backbone of a trifecta where the
best talent comes to the U.S. to work at
the best institutions on the most cut-
ting-edge intellectual property. Conse-
quently, immigration and diversity are
not just issues about political convic-
tions; from a purely pragmatic per-
spective, they are also economic, indus-
trial, and foreign policy because they
support our core competitive advan-
tage in technology. Multiculturalism is
a powerful core competency for our
country, and we should be doing ev-
erything we can to reinforce it.
Our nation’s own National Security
Strategy says it best: “The United
States must continue to attract the
innovative and the inventive, the bril-
liant and the bold.” Closing the door
on such talent is against our own self-
interest—it will only weaken our com-
petitive position with respect to other
nations and erode the foundation of
U.S. national security.
I want America to win the increas-
ingly fierce global contest for eco-
nomic competitiveness, continue to be
the world’s leader in science and tech-
nology, and remain the anchor of se-
curity and stability we are today. Ulti-
mately, America will emerge from this
economic and public health crisis. But
our recovery will be faster and we will
Illustration by Nicolas Ortega
emerge stronger if we remain a wel-
coming nation. B
Eric Schmidt is the former chairman and
CEO of Google and a co-founder of Schmidt
Futures.
June 29, 2020
MAILBAG
Send letters to Mail@Barrons.com. To be considered for
publication, correspondence must bear the writer’s name,
address, and phone number. Letters are subject to editing.
Raising Taxes
To Fix the
Wealth Gap
To the Editor:
“Why the Widening Wealth Gap Is Bad News for Every-
one” (Cover Story, June 19) was an analytical overview
with multiple opinions that was sobering and, frankly, a
wake-up call. It is cringe-worthy to see how long we’ve
perpetuated the “wealth gap.” Keep in mind that for us
in the medical field, the Covid-19 pandemic has laid bare
our inequalities for African-Americans in health-care
delivery and the “health gap.” This double whammy, the
wealth and health gaps, especially for African-Ameri-
cans, reveals everything completely un-American from
our unattended past errors and veers widely from what
we strive to be. The solutions outlined by Reshma Kapa-
dia will be difficult, but we better get it right.
Dr. Louis J. Papa
University of Rochester Medical Center
Rochester, N.Y.
To the Editor:
The remedy proposed for economic inequality is pri-
marily higher taxes for higher earners. Penalizing those
who have worked hard and taken advantage of the op-
BARRON’S
portunities this country gives all of us
is not a remedy. It doesn’t help those
with lower income. In fact, it hurts
them by penalizing the job creators
and those who provide capital to
them. We need remedies that pull
people up, not push people down.
Jeremy Blum
Cary, N.C.
To the Editor:
Excellent article. The prescription for
higher taxes is one possibility, but
there may be others.
For example, corporations are still
sitting on untold trillions of dollars on
their balance sheets that have essen-
tially been used for dividends and
stock buybacks, both of which only
exacerbate the problem of inequality.
What if companies were required to
spend that money instead on their
employees and communities if they
want to continue to enjoy ultralow
interest rates? One way or the other,
that money must begin to circulate,
whether under the dictates of govern-
ment tax policy or otherwise.
Robert E. Anderson
Hopatcong, N.J.
To the Editor:
Inequality of opportunity is a major
problem facing the U.S. It’s tearing the
country apart. The author’s sources
propose increased taxes on the
wealthy to solve the inequality. How-
ever, the article doesn’t mention that
the top 1% pays more than a third of
the individual taxes, while the bottom
50% pays about 3% of the taxes.
Even with adjustments for other
taxes (payroll, etc.), the progressive
tax system remains, as it should.
There are unintended consequences
to raising taxes. Raising corporate
taxes makes U.S. corporations less
competitive globally and results in
fewer employees, especially lower-
skilled ones.
If the intent is confiscation of
wealth to create less inequality, higher
taxes will work. If it’s raising the liv-
ing standard of the bottom, there are
better solutions, such as education,
lowering the payroll tax, etc.
Dan Stern
Manhattan Beach, Calif.
To the Editor:
In the discussion of the growing
wealth gap, there is no mention of
what I see as a significant contribu-
tor, namely, a decline in the practice
of splitting stocks.
For whatever reason, most suc-
cessful stocks today as measured by
growth in share value, are kept at
their high cost, effectively closing the
door to the small investor who can-
not afford them. Thus, the middle-
class investor is left with the lower-
cost stocks that will generate far less
wealth than the costlier shares
bought by the wealthy investor.
If corporate leaders truly wish to
positively address the wealth gap
issue, they can start by splitting their
stock to levels that are affordable for
the middle-class investor.
James A. Sagerholm
Severna Park, Md.
To the Editor:
The most effective, immediate way to
address income inequality is govern-
ment investment in tech and voca-
tional education.
The hollowing-out of the middle
class over the past several decades
has been correlated with the decrease
in vocational education, previously
taught as early as high school.
There is a dearth of skilled trade
workers, well-paying occupations
that almost immediately translate
into a middle-class lifestyle without
the accompanying burden of student
debt.
The transition to a service econ-
omy is inevitable, but our need for
electricians, plumbers, pipe fitters,
carpenters, etc., will be constant.
Greg Szul
Rockford, Ill.
“If the intent is confiscation of
wealth to create less inequality,
higher taxes will work.”
Dan Stern, Manhattan Beach, Calif.
35
The Readback, a podcast taking you
inside the latest stories, is available
wherever you listen to podcasts.
The Fed’s Playbook
To the Editor:
Randall W. Forsyth is correct to focus
on the unintended consequences of
Federal Reserve intervention (“The
Fed Announced Another Bond-Buy-
ing Plan. Watch Out,” Up & Down
Wall Street, June 19). The Fed’s price-
fixing, market manipulation, and
wealth redistribution have punished a
generation of savers, shrunk the mid-
dle class, and encouraged excessive
leverage, financial bubbles, and spec-
ulative risk-taking. I just wonder, as
the Fed now doubles down using the
same playbook, whether we can really
call these consequences “unin-
tended”?
Adam P. Manus
Ho-Ho-Kus, N.J.
View of Lake Michigan
To the Editor:
Interesting article (“Barron’s Stock
Pick: Boat Maker Brunswick Could
Catch a Wave on Wall Street,” June 19).
I live within a half-mile of two large
boat harbors and have an expansive
view of Lake Michigan. One harbor
docks mostly sailboats, while the other
docks other kinds of boats. Both large
harbors fill to capacity annually. Not
this year. The harbor with non-sail-
boats is filled only to about 15% of ca-
pacity in late June. Despite conducive
weather, the number of boats on the
lake itself is minuscule. If interest in
purchasing a boat is rising, why aren’t
current owners putting theirs in the
water?
Kenneth White
Chicago, Ill.
36 BARRON’S June 29, 2020

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MARKET WEEK
June 22 through June 26, 2020

Euro Trader P. M4 Power Play P. M7

Emerging Markets P. M4 Charting the Market P. M9
Striking Price P. M5 Winners & Losers P. M10
Commodities P. M6 Research Reports P. M11
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MARKET PERFORMANCE DASHBOARD

Dow Jones Industrials S&P 500 Nasdaq Composite SPDR S&P Bank ETF

25,015.55
52-wk: -5.96% YTD: -12.34% Wkly: -3.31%
3009.05
52-wk: +2.29% YTD: -6.86% Wkly: -2.86%
9757.22
52-wk: +21.87% YTD: +8.74% Wkly: -1.90%
$29.69
52-wk: -31.53% YTD: -37.22% Wkly: -9.73%

In Retreat Stressed Out

The market couldn’t ignore rising daily
Covid-19 case numbers. More states paused
or delayed reopening plans, while some
businesses closed stores on their own.
5%
Bank shares tumbled after an unfavorable
result in the Federal Reserve’s latest stress
test. An advertiser boycott at Facebook 2.5
dragged down big tech stocks.

-2.5
Gold’s Shine
Stocks opened the week on a strong note.
Over in the commodities market, the price of -5
gold settled at its highest level since 2012 as
the U.S. dollar weakened.
-7.5
Tech Rally
The Nasdaq Composite rose for its eighth
straight session, to its 21st record high close of -10
2020. The tech sector has the largest weight in
the S&P 500 since the dot-com bubble.
-12.5
Monday Tuesday Wednesday Thursday Friday Close
Source: Barron’s Statistics

E
ver since coronavirus the market for no apparent reason, Thursday afternoon, when the Federal

THE TRADER first came on the

scene, it was easy to
blame force majeure
even as stocks linked to the reopen-
ing—think airlines and financials—
suffered. That was followed by a
Reserve released the results of its
bank stress tests. There seemed to be
few surprises. Buybacks were ordered
for the market’s stum- sharp tumble Wednesday, as the mar- suspended, something most banks
bles. This was the ket finally started to pay attention to had already done. Dividends were
first week when the the spike in Covid-19 cases in places capped for the third quarter—again,

The Week drop felt self-inflicted.

It wasn’t the size of the declines that
like Texas, Florida, and Arizona.
Stocks recovered on Thursday,
not terribly shocking given the back-
drop. Bank stocks were down, but

The Market caught our attention. The Dow Jones

Industrial Average dropped 855.91
By Ben Levisohn thanks to hopes that states would
take steps to quash the spread of the
many were still higher than they had
been at Wednesday’s close.

Finally
points, or 3.3%, to 25,015.55 this past virus and an announcement by the The Fed, though, also said future
week, while the S&P 500 index fell Federal Deposit Insurance Corp. that payouts would depend on bank earn-

Woke Up
2.9%, to 3009.05, and the Nasdaq Com-
posite declined 1.9%, to 9757.22. Those
are large losses, but not any worse than
To Reality we’ve seen in recent months.
What sets this week’s drop apart is
how it occurred. It began quietly
enough, with big tech stocks lifting
it would relax some restrictions that
are part of financial-crisis-era Volcker
rule. After a massive bank rally, the
S&P 500 looked set to close the week
unchanged.
And then it all came undone. The
makings of a Friday selloff started on
ings—and bank earnings will start to
look worse as pre-coronavirus quar-
ters drop out and are replaced by
Covid-impaired results.
Even that decision might not have
been a problem if the market believed
the spread of Covid was under control.
M2 BARRON’S June 29, 2020

Then the numbers started coming out. Flor- are trading. Industrials could be 19% higher,
ida’s seven-day average of cases grew 7.8%, materials could be 25% higher, and finan-

IBKR’s Award-Winning up from the previous day’s 4.1%. Arizona’s

jumped to 5.4%, from 2.9%. In Texas, the
positivity rate—that is, the number of tests
cials could be more than 50% higher.
These aren’t forecasts, mind you, simply
what the numbers suggest the sectors

Trading Tools divided by positive results—hit 11.8%. With

that, Texas Gov. Greg Abbott issued an exec-
utive order rolling back parts of the state’s
reopening, which could be filed under the
category of too little, too late. Florida, for its
part, is banning alcohol in bars.
“We’re at a challenging point,” says Clif-
would be worth if coronavirus weren’t the
main factor in stock moves these days. “To
the extent that people get comfortable with
the path of coronavirus, we could see a
rapid normalization in sectors to the posi-
tive side,” DeBusschere says. “All we need to
see is confidence that tail risk is reduced.”

Starting at ton Hill, a portfolio manager at Acadian

Asset Management. “The market is worried
That, apparently, will have to wait.

about a second outbreak.” The Joe Biden Portfolio

0
For bank stocks, more cases mean lower
$ earnings, and lower earnings mean smaller
dividends—and the market was quick to
connect the dots. The SPDR S&P Bank
exchange-traded fund (ticker: KBE), which
Commissions was down around 3% in pre-open trading,
finished the week down 9.7% after dropping
6.1% on Friday. Goldman Sachs Group (GS)
on US listed fell 8.6% for the day, Wells Fargo (WFC)
1 fell 7.4%, and Bank of America (BAC) de-
stocks and ETFs clined 6.4%. Even Morgan Stanley (MS),
which had been up 0.6% before the market
open, finished down 3.6%.
The selloff in banks isn’t good for the
stock market. The tech sector now makes up
about 27% of the S&P 500 and is approach-
ing levels of concentration last seen during
the dot-com bubble. It isn’t that today’s com-
panies look anything like the ones circa
1999, but they can’t keep going up forever.
Investors need other options besides Apple
(AAPL), Microsoft (MSFT), and the like,
especially when Facebook (FB) has to deal
with corporations like Verizon Communi-
cations (VZ) and Unilever (UN) deciding to
pull ads from the platform.
Interactive Brokers Rated #1 Here’s the thing: There’s so much value to
be had elsewhere in beaten-up sectors. Ever-
Best Online Broker 2020 by Barron’s* core ISI strategist Dennis DeBusschere
looked at how much higher or lower sectors
could trade based on their normalized earn-
ings and their standing in the credit markets
Four months can be an eternity in politics.
But it isn’t too soon for investors to start
thinking about a potential Joe Biden victory
in November and how to position for it.
Biden’s lead in the polls over Donald
Trump has been widening over the past
month, with the former vice president now
holding a 10-point advantage over the presi-
dent, according to RealClearPolitics’ average
of about a dozen national polls. Trump’s
approval rating has fallen back near the
lowest levels of his presidency, according to
Gallup. Betting markets, which until early
June had Trump well ahead, now give an
average 21-point lead to Biden.
“If the election were held today, we be-
lieve Vice President Joe Biden would win as
part of a Democratic sweep,” Sara Bianchi,
head of U.S. public policy and political strat-
egy research at Evercore ISI, told clients
earlier in June.
Covid-19 has remade this election, Bi-
anchi says. Not so long ago, this seemed like
Trump’s election to lose, with down-ticket
Republicans broadly benefiting from a half-
century low in unemployment and a divi-
sive, crowded Democratic primary race.
Now, with the coronavirus pandemic still
raging, joblessness at record highs, and Bi-
den having emerged early as the Democratic
nominee, the ground has shifted.
Should Biden win and the Democrats

Vital Signs
Friday's Week's Week's
Close Change % Chg. Last Week Week Earlier
DJ Industrials 25015.55 -855.91 -3.31 NYSE Advances 660 1,729
DJ Transportation 8805.74 -272.01 -3.00 Declines 2,407 1,328
DJ Utilities 749.40 -21.21 -2.75 Unchanged 25 31

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DJ US Market
8028.39
745.37
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New Highs
New Lows
130
25
107
22
NYSE Comp. 11604.43 -375.69 -3.14 Av Daily Vol (mil) 5,544.8 5,823.2
NYSE Amer Comp. 1911.76 -69.79 -3.52 Dollar (Finex spot index) 97.50 97.62
S&P 500 3009.05 -88.69 -2.86 T-Bond (CBT nearby futures) 179-030 177-090
S&P MidCap 1719.32 -65.40 -3.66 Crude Oil (NYM light sweet crude) 38.49 39.75
Member - NYSE, FINRA, SIPC – Any trading symbols displayed are for illustrative purposes only and are not S&P SmallCap 788.69 -30.07 -3.67 Inflation KR-CRB (Futures Price Index) 134.41 137.97
intended to portray recommendations. *Interactive Brokers rated #1, Best Online Broker according to Barron’s Nasdaq 9757.22 -188.90 -1.90 Gold (CMX nearby futures) 1772.50 1745.90
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June 29, 2020
Industry Action
Performance of the Dow Jones U.S. Industrials, ranked by weekly percent change.*
–1.45%
–2.10
–2.50
–2.70
–2.92
–2.97
–3.58
–4.56
–4.67
–6.69
* For breakdown see page M36.
sweep the House and Senate, historical data
point to investor gains. Nicholas Colas, co-
founder of DataTrek Research, says U.S.
equity markets do better when one party
controls both the White House and Con-
gress, with the S&P 500 since 1945 rising by
an average of 16% under all-Republican gov-
ernments and 14.3% under all-Democratic
governments. That compares with an aver-
age return of 10.8% between 1945 and 2019,
helping explain why equity markets have
been resilient as the odds of a blue wave
have risen in recent weeks.
The recent shift—and the speed at which
it’s happening—makes it a good time for
investors to think about how to position
themselves ahead of Nov. 3. Barron’s spoke to
Andy Laperriere, head of U.S. policy re-
search at Cornerstone Macro, for his
thoughts on a so-called Biden portfolio.
Laperriere suggests a 20% allocation to
green energy. Biden has made climate
change a major theme, potentially benefiting
companies like Tesla (TSLA) and First So-
lar (FSLR). If Democrats sweep, subsidies
for electric vehicles and solar and wind
power are likely to go up substantially, he
says, though he thinks their prospects
brighten even if Biden wins but government
remains divided. Cornerstone doesn’t see
Biden seeking to ban fracking outright, but
if he does, it would hurt domestic producers
and help foreign ones like Total (TOT).
Infrastructure stocks should get 15%,
Laperriere suggests, recommending inves-
tors consider Vulcan Materials (VMC),
Granite Construction (GVA), and Martin
Marietta Materials (MLM). While Trump
also favors more infrastructure investment,
he says a blue wave would result in more
such spending.
If there is a Democratic sweep, Laperriere
expects higher volatility driven by concerns
over increased taxes and regulation. He rec-
ommends using the iPath Series B S&P
BARRON’S M3
Technology
Basic Materials
Consumer Services
Health Care
Utilities
Industrials
Consumer Goods
Telecommunications
TECHNOLOGY SECTOR OF
Financials
Oil & Gas
Source: S&P Dow Jones Indices
THE S&P 500 IN ONE ETF
500 VIX Short-Term Futures exchange-
traded note (VXX), which tracks the Cboe Visit www.sectorspdrs.com or call 1-866-SECTOR-ETF
Volatility Index, or VIX.
On a bet that Democrats would relax
banking laws around cannabis, and the An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a
chance that Biden delists cannabis from the prospectus, which contains this and other information, call 1-866-SECTOR-ETF or visit www.sectorspdrs.com. Read the
Controlled Substances Act, Cornerstone
prospectus carefully before investing.
says investors should consider a 5% alloca- All ETFs are subject to risk, including possible loss of principal. Sector ETF products are also subject to sector risks and non-diversification risks, which generally
results in greater price fluctuations than the overall stock market. Ordinary brokerage commissions apply.
tion to the ETFMG Alternative Harvest
The S&P 500 is an index of 500 common stocks that is generally considered representative of the U.S. stock market. You cannot invest directly in an index.
exchange-traded fund (MJ).
The biggest loser in a Biden presidency ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust.
could be drug stocks, Laperriere says. The
sector is most at risk no matter who wins,
but the risk is higher under Democrats.
Price-control legislation becomes more
likely the better Democrats do on election
night, and the severity of those measures
increases as well. The iShares Nasdaq Bio-
technology ETF (IBB), as well as Pfizer
(PFE) and Gilead Sciences (GILD), are
among names he would consider selling.
Big tech could also take a tumble. While
Trump has been a critic of some big tech Manage Your Barron’s
companies, Biden would likely be more ag-
gressive in pursuing antitrust cases against Account Online
the likes of Amazon.com (AMZN) and
Facebook. Moreover, Democrats have
pledged to target companies that don’t pay Update your account details any time.
much in taxes, and Laperriere says compa- It’s quick and easy.
nies in the tech sector—especially Amazon
and Facebook—are the worst offenders. • Place delivery holds
Laperriere calls the Democratic labor • Change an address
agenda the most underappreciated election- • Report an issue
related risk, as a higher minimum wage and
new laws to organize workplaces would be
• Update your payment information
priorities, especially hurting McDonald’s • Reset your password and more
(MCD), while more labor protections for gig
economy workers would affect companies
like Uber Technologies (UBER). Take action at customercenter.barrons.com
Criticism on the left of private prisons and avoid call wait times.
and for-profit colleges makes him wary of
GEO Group (GEO) and Strategic Educa-
tion (STRA), while the possibility of student
debt forgiveness would hurt lenders such as © 2020 Dow Jones & Co., Inc. All rights reserved. 2E7838
Navient (NAVI), he says. — Lisa Beilfuss
M4
EUROPEAN TRADER
Two European Airports
Are Ready for Takeoff
By Rupert Steiner
E I
uropean airport stocks have
suffered, along with airlines,
during the coronavirus pan-
demic. But some of these trans-
port hubs are less exposed because they
own valuable real estate that is still gen-
erating revenue. Others have shopping
malls that are situated before passport
control and accessible to everyone, and
continue to receive rent from retailers.
Since the start of the coronavirus crisis
in January, the sector has underper-
formed the Stoxx Europe 600 index by
23%, according to William Fitzalan How-
ard at Berenberg, thanks to lost passen-
ger traffic.
Some of the stocks have been oversold
and could rebound as air travel recovers.
Switzerland’s Zurich Airport (ticker:
FHZN.Switzerland), and France’s Aéro-
ports de Paris (ADP.France) are well
placed for a pickup in flights because
they operate in strong tourist hubs. How-
ever, Germany’s Fraport (FRA.Germany)
will struggle because of its dependence
on slower-to-recover business travel.
The average decline in aircraft move-
ments at listed European airports was
49% in the year to May, while passenger
volume declined 57% in the period, Steph-
anie D’Ath, an analyst at RBC Capital Mar-
kets, calculated in a June note. In May
alone, the declines exceeded 90% and
98%, respectively. But most airlines expect
a recovery in traffic over the summer.
The strongest player is Zurich, Swit-
zerland’s biggest international travel hub,
because part of the airport is The Circle, a
shopping mall with hotels and office
space. The company benefits from 40%
of the shopping there and depends less
on air travelers because The Circle also
serves rail, bus, and tram passengers.
The airport’s shares have fallen by
28.25% over the past six months, to 126.50
Swiss francs ($133.55), but Bank Vontobel
has it marked as a Buy, forecasting a 18.5%
BARRON’S
rise, to CHF150. Berenberg has a CHF148
target price.
The company is small, with a market
value of CHF3.8 billion and 2,194 em-
ployees. It fetches 44.8 times this year’s
expected earnings and is valued at a sig-
nificant discount to its peers. About 31.5
million passengers passed through Zu-
rich Airport in 2019. It posted an annual
profit of CHF309 million in 2019, up
from CHF237 million the previous year,
on sales of CHF1.2 billion.
As for Aéroports de Paris, it owns and
operates Paris Charles de Gaulle and
Orly airports. Paris remains a tourist
magnet, and the company is expanding
its retail space; the additions will be com-
plete in 2023.
ADP could benefit from some merger
activity. The French government owns
51% of the company, and, before the pan-
demic, there was speculation that it
wanted to sell some or all of its holding.
Vinci Airports, which owns 45 airports
around the world, has an 8% stake.
ADP shares have fallen 44.55% over
the past six months, to 97.60 euros ($109),
but Michael Kuhn, an analyst at Société
Générale, predicts that they will increase
16%, to €113. “ADP offers a good balance
for an upcoming recovery: the Parisian
airports aren’t too dependent on transfer
traffic (22% share), and, at the same time,
we think Paris will remain a global center
for business and tourism,” he says.
The company, which has a market
value of €9.8 billion, trades at a large
discount to its peers. ADP is unlikely to
benefit from fresh cost-cutting because it
already has been trimming outlays. It
bought 49% of India’s GMR Airports for
€1.34 billion in February.
Fraport, owner of Frankfurt Airport,
is fetching €41, and RBC’s D’Ath has
marked it a Sell with a €29 target price.
Fraport depends heavily on business
travel, which seems unlikely to snap back
soon, and faces strong competition from
other airports. B
E M E R G I N G M A R K E TS
Health-Care Stocks Are
Hot—and Expensive
By Craig Mellow
nternet stocks in emerging markets
have more or less kept pace with
developed-market peers during the
great rebound of spring 2020.
Emerging market health-care stocks,
though, are kicking butt.
The KraneShares Emerging Mar-
kets Healthcare Index exchange-traded
fund (ticker: KMED) is up 25% year to
date. Equivalent funds tracking the U.S.
health-care and pharmaceutical indus-
tries are down slightly.
Long-term growth prospects explain
part of the performance. China spends
about $400 per capita annually on health
care, compared with $4,000 in Japan and
$10,000 in the U.S., says Michael Oh,
portfolio manager of the Matthews Asia
Innovators fund. The ravages of Covid-19
can only accelerate the inevitable catch-
up. “China health care is one of the best
growth stories in the world, and the
pandemic was a wake-up call,” he says.
China and South Korea, which to-
gether account for 70% of the sector’s
market cap, are also spawning younger,
innovative companies at the choke points
of medical evolution. The two biggest
firms in the KraneShares ETF, Celltrion
(068270.Korea) and Samsung Biologics
(207940.Korea), have both emerged as
global leaders in biosimilar drugs,
generic versions of genetically based
treatments that are going off patent.
In China, Ping An Healthcare &
Technology (1833.Hong Kong), a spinoff
from the country’s top insurance com-
pany, used lockdowns to make a great
leap forward in telemedicine. Its online
providers clocked some one billion visits
over a few months, says Malcolm Dorson,
an emerging markets portfolio manager
at Mirae Asset Global Investments. “You
can almost compare this to how China
leapfrogged the West in digital shopping
and payment systems,” he says.
Picking stocks in this dynamic envi-
June 29, 2020
ronment is challenging. Matthews’ Oh
largely steers clear of the myriad Asian
drugmakers promising a cure for cancer,
or lately Covid-19, in favor of companies
with proven, diversified income streams.
One is Wuxi Biologics (2269.Hong
Kong), which conducts clinical trials
for other biopharma players globally.
Another is Shenzhen Mindray
(300760.China), a medical-equipment
maker whose machines are priced com-
petitively for China and other develop-
ing countries.
Valuations after the recent surge may
be more challenging still, with price/
earnings ratios for the hotter names ap-
proaching triple digits. “In my opinion,
the sector is very overheated,” says James
Lim, head of Korea research for Dalton
Investments. “Samsung Biologics’ P/E is
over 100, and it’s not like they can add
revenue that fast.”
Emerging markets health care has
boomed and busted before. An index of
Chinese stocks lost nearly half of its value
in late 2018 after Beijing adopted a drug
purchase system that cut prices by more
than 80%, says Brendan Ahern, chief
investment officer at KraneShares. The
government has since “recognized that
this process contradicts the goal of
companies growing,” he says.
One way not to get trapped in a bubble
is to look for health-care stars beyond the
trendy Asian markets. Mirae’s Dorson is
high on Brazil’s Raia Drogasil (RADL3-
.Brazil), a pharmacy chain that is consoli-
dating a mom-and-pop sector while
branching into WebMD-style online pro-
vision. With the broader Brazilian mar-
ket struggling, its shares are still down
year to date.
Health-care stocks account for just 4%
of global emerging market indexes, com-
pared with 15% for the S&P 500 index. As
with Chinese medical spending, that num-
ber seems destined to grow, and make
some investors a pile of money. It’s excit-
ing, but don’t count on a smooth ride. B
June 29, 2020 BARRON’S M5

T H E ST RIKING PRI CE
With fear rising on signs the coronavirus may not
be so easy to contain, consider selling cash-
secured put options to buy blue-chip stocks.

It’s a Good Time to Bet Equity Options

On Apple With Options CBOE VOLATILITY INDEX

VIX Close VIX Futures

90
THE EQUITY-ONLY PUT-CALL RATIO
Put-Call Ratio S&P 500 Index

295
270
245
70
220
By Steven M. Sears which include Facebook (FB), Alphabet 195
50 170
(GOOGL), Amazon.com (AMZN), Apple

W
145
eakness is provocative. (AAPL), and Netflix (NFLX).
120
The stock market’s sharp The narrative in the tech sector is 30
95
decline on Wednesday mixed. Some investors fret that the stocks 70
should be viewed as a wel- have run too far, too fast. Tech now com- A S O N D J F M A M J 10 J A S O N D J F M A M J 45
come development by every long-term in- prises about 27% of the S&P 500, the high- Daily Values Source: CBOE Source: McMillan Analysis Corp.
vestor who has been sitting on the side- est since the dot-com bubble. The weight-
lines watching equities rally ever higher. ing suggests that institutional investors SPX SKEW NDX SKEW
Many blue-chip stocks, including those in may begin to rotate away from the sector. Implied volatility % Implied volatility %

the hot technology sector, are now sud- Should that happen, real opportunities will 17% 16%
denly a bit more reasonably priced. emerge for cash-secured put sellers. 16 15
The Cboe Volatility Index, or VIX, Fri- It is difficult, of course, to time the mar- 15
14
day at 34.77, which is far above the fear ket. It’s easier to identify blue-chip stocks to 14
13 13
gauge’s long-term average of 19. buy on weakness.
When the VIX is above 30, it means that Consider Apple. Everywhere one looks, 12 12
11 11
options on stocks in the S&P 500 index are someone is holding an iPhone, wearing an
10
generally inflated with a fear premium. Apple watch, or using AirPods. 10
9
When fear is high—and it is starting to rise Apple’s stock price reflects the com- 8 9
on signs the coronavirus might not be so pany’s ubiquity. Shares are up some 20% 7 8
J A S O N D J F M A M J J A S O N D J F M A M J
easy to contain—many investors like to sell this year. The stock is up 79% over the past Source: Credit Suisse Equity Derivatives Strategy Source: Credit Suisse Equity Derivatives Strategy
cash-secured put options to buy blue-chip year. Many people fear they have missed Skew indicates whether the options market expects a stock-market advance or decline. It measures the difference
stocks. The strategy enables investors to out on the chance to buy shares. At the between the implied volatility of puts and calls that are 10% out of the money and expire in three months. Higher
readings are bearish.
profit from the fear of others. (Puts give same time, they find it hard to buy the
holders the right to sell a stock at a set stock as it is dancing around an all-time Week's Most Active
price and time.) high price. Company Symbol Tot Vol Calls Puts Avg Tot Vol IV %ile Ratio
We have long advocated this conserva- With Apple stock around $354, Apple’s Translate Bio TBIO 10483 6838 3645 268 15 39.1
tive put-selling strategy, and we do so August $345 puts could be sold for about Workhorse WKHS 280566 212013 68553 11388 63 24.6
again on fears that a resurgence of the $17. If the stock is above the strike price at uniQure QURE 22896 19817 3079 1472 35 15.6
Patterson Companies PDCO 7793 6642 1151 536 92 14.5
Covid-19 virus may drive stock prices expiration, investors can keep the put pre- SLM SLM 25852 24447 1405 2104 91 12.3
lower—and even change some of the trad- mium. If the stock is at $345 at expiration, ChemoCentryx CCXI 21547 20718 829 1916 95 11.2
ing patterns and pricing dynamics in the investors get to buy the stock at an effec- ADTRAN ADTN 4561 4365 196 472 92 9.7

options market. tive price of $328. During the past 52 STAAR Surgical STAA 8782 7777 1005 1060 73 8.3
Fortuna Silver Mines FSM 67132 64062 3070 8408 87 8.0
In recent weeks, investors have started weeks, the stock has ranged from $192.58 Limelight Networks LLNW 28091 25867 2224 3544 94 7.9
to hedge the tech sector. The shift is notable to $372.38. Ideanomics IDEX 254151 208727 45424 36752 97 6.9
because many investors generally just buy The August expiration should capture Alkermes ALKS 19141 9400 9741 2824 83 6.8
IONIS Pharmaceutical IONS 11371 10405 966 1688 46 6.7
bullish calls, or sell bearish puts, to profit Apple’s third-quarter earnings report,
Invitae NVTA 84756 61872 22884 13700 81 6.2
off the sector and many of the hot stocks. which was released in late July last year. Kirklands KIRK 9455 5731 3724 1580 98 6.0
Christopher Murphy, Susquehanna’s We mention the Apple trade as an ex- Fastly FSLY 301835 206058 95777 55164 96 5.5
co-head of derivatives strategy, has advised ample of how investors can structure AeroVironment AVAV 14672 8608 6064 2788 74 5.3
Horizon Therapeutics HZNP 11153 10714 439 2092 76 5.3
clients of some big bearish options-trading trades should the tech sector really tumble. KB Home KBH 37787 23118 14669 7608 90 5.0
volumes in the Technology Select Sector The approach will strike most people as Inovio Pharmaceuticals INO 837863 617751 220112 173176 96 4.8
SPDR exchange-traded fund (XLK), In- counterintuitive. When stock prices tank, This table of the most active options this week, as compared to average weekly activity – not just raw volume. The idea is that the
vesco QQQ Trust Series (QQQ), and many people lose their nerve and reduce unusually heavy trading in these options might be a predictor of corporate activity – takeovers, earnings surprises, earnings pre-
announcements, biotech FDA hearings or drug trial result announcements, and so forth. Dividend arbitrage has been eliminated. In
even Direxion Daily Semiconductor their exposure to equities. When that oc- short, this list attempts to identify where heavy speculation is taking place. These options are likely to be expensive in comparison to
their usual pricing levels. Furthermore, many of these situations may be rumor-driven. Most rumors do not prove to be true, so one
Bear 3X Shares (SOXS), a leveraged ETF. curs, put premiums often inflate with fear, should be aware of these increased risks if trading in these names
The rise in hedging suggests a sharper creating opportunities for long-term inves- Ratio is the Tot Vol divided by Avg Tot Vol. IV %ile is how expensive the options are on a scale from 0 to 100.
decline may be in the future for hot tech tors to monetize the fear of the market Source: McMillan Analysis

stocks, including the fabled FAANGs, mob. Get ready. B

M6 BARRON’S June 29, 2020

  
LEGAL NOTICES
 
  
212-597-5981  



COMMODITIES
   
      
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prices were up 0.6% in 2020. makers to stimulate economies, says Tsak-
 *  Copper futures, meanwhile, fell to their
lowest level since October 2016, at $2.101 a
pound on March 23, which marked a 33%
drop from the end of 2019. They’ve pared
that, with the September contract 4.2%
lower this year, after settling at $2.679 on
June 26.
Declines in mining production helped
buoy prices for the metals, as two-thirds of
global silver output, and an estimated 13%
of copper production, went offline during
the initial shutdown-related measures,
SMALL SPACES. says Reddy.
“It’s harder to bring mining produc-
BIG OPPORTUNITIES.
tion back quickly than it is to bring de-
mand back,” he observes.
In Chile and Peru, which account for
nearly 40% of global copper output, cor-
Barron’s Classifieds is where our readers discover onavirus cases have accelerated and
opportunities in real estate, business investments, might lead to a second wave of mining
corporate aircraft, yachts, fine cars and so much more. shutdowns, he adds.
Still, the price drop for the metals in
For information on advertising, call 1.800.366.3975 March were severe, with copper futures
or email advertising@barrons.com down over 12% and silver dropping 14%.
That got the “attention of value inves-
tors,” both institutional and end users of
the commodity, says John Caruso, senior
asset manager at RJO Futures. After see-
lanos, who expects silver to test $21 before
year-end.
Copper’s outlook, however, isn’t as up-
beat. The market for the metal could see a
2020 surplus around 200,000 metric
tons, says Johann Wiebe, lead metals ana-
lyst on the GFMS team at global financial-
data provider Refinitiv.
He believes that copper prices already
have seen their bottom for the year, and
that attempts to push significantly higher
from here will “prove unsustainable in
coming months,” due to concerns over a
possible second infection wave.
Without a second wave, or if fears of
one recede, copper might end the year
around $6,000 per metric ton, or about
$2.72 a pound, a bit higher than it is cur-
rently.
Silver, meanwhile, appears to find $18
an ounce a difficult level to breach. But if it
pushes through that, its price might peak
around $20 before year-end, says Wiebe.
Caruso is more bullish on a rise in prices
by year-end. His upside target for copper is
$2.87 to $3.00 a pound, and he says silver
could hit $22 to $25 an ounce, assuming
further weakness in the dollar. B
June 29, 2020
I N S I DE SC OOP
Groupon Co-Founder
Buys Up the Clipped Stock
By ED LIN
G
roupon stock has tum-
bled this year, but Eric
Lefkofsky, co-founder
and director of the
discount-and-deals firm,
bought up millions of
dollars of shares.
Groupon stock (ticker: GRPN) has
lost more than half of its value so far
this year. Shares have been hit hard,
as the coronavirus pandemic has
curbed consumer appetites for goods
and services. In April, Groupon said
it would lay off or furlough about
2,800 employees, roughly 44% of its
workforce.
Lefkofsky paid $5.4 million on June
18 for 250,000 Groupon shares, an
average per share price of $21.57, ac-
cording to a regulatory form he filed.
Lefkofsky, who had also served as
Groupon’s CEO and chairman, pur-
Original Filings
Avidity Biosciences (RNA)
RTW Investments disclosed an
initial investment in the newly
public biopharmaceutical of
3,995,000 shares. Of those shares,
RTW purchased 950,000 shares
for $18 each through Avidity Bio-
sciences’ initial public offering that
closed on June 16. RTW now holds
an 11.3% stake in Avidity Biosci-
ences’ outstanding stock. Avidity
saw strong demand for its IPO, and
raised the offering to 14.4 million
shares from 10 million. Under-
writers exercised in full an option
chased the stock through a limited
liability company that now owns 34.1
million shares. He also owns 1.6 million
Groupon shares in a personal account
and 40 million shares through trusts.
Lefkofsky didn’t respond to a re-
quest for comment on his Groupon
stock purchases. He remains the com-
pany’s largest shareholder.
It was his first open-market pur-
chase of Groupon shares in nearly six
years. Lefkofsky paid $3.6 million in
November 2014 for 454,166 Groupon
shares, a per share average price of
$7.99, also through his LLC.
Lefkofsky had been selling
Groupon stock as recently as Decem-
ber, at average per share prices as low
as $2.74.
Credit Suisse’s Stephen Ju wrote in
a June 18 report that he saw “early
signs of stabilization” for Groupon,
and maintained both his Neutral
rating and $32 price target. B
to buy 2.16 million more shares.
Increases in
Holdings
Enviva Partners (EVA)
ValueAct Capital, through its wholly
owned affiliate ValueAct Spring Fund,
nearly doubled its position in the bio-
mass producer through a June 18 pri-
vate placement that added 2,307,692
Enviva shares to ValueAct’s holdings.
That purchase was transacted at a
price of $32.50 each and anchored
Enviva’s larger $200 million private
BARRON’S
placement that was designed to
help fund the addition of a pair of
wood-pellet production facilities. In
conjunction with the placement,
ValueAct founder and Spring Fund
manager Jeffrey Ubben was named
to Enviva’s board. Ubben created
headlines just days earlier by an-
nouncing his departure from Val-
ueAct to launch a new ESG-focused
hedge fund, Inclusive Capital Part-
ners, along with Inclusive CEO
Forester de Rothschild. He will
remain with the Spring Fund dur-
ing the transition.
Landec (LNDC)
Legion Partners revealed that it
owns 2,866,340 shares of the
maker of packaged food and bio-
materials, equivalent to nearly 9.8%
Groupon stock of Landec’s tradable stock. The
has slumped in higher stake resulted from Legion’s
the coronavirus purchase of 484,847 Landec shares
pandemic, but Eric at prices ranging from $9.96 to
Lefkofsky, a co- $10.03 each from May 22 through
founder of the June 22. No reason was provided
deals firm, just for the fresh investment.
bought a large
block of shares. Cardtronics (CATM)
Hudson Executive Capital
bought 247,947 shares of the ATM
and financial kiosk provider to
raise its interest in Cardtronics to
8,382,986 ordinary shares. Hudson
Executive purchased a total of
247,947 Cardtronics shares from
May 15 through June 23 at per share
prices ranging from $18.63 to
$24.61. Following the latest addi-
tions, Hudson Executive now holds
an 18.9% interest in Cardtronics’
outstanding shares.
Decreases in
Holdings
These disclosures are
from 13Ds filed with
the Securities and
Exchange Commission.
Harvard Bioscience
(HBIO)
Engine Capital reduced its posi-
13Ds are filed within
10 days of an entity’s tion in the medical-device and in-
attaining more than strument maker to 1,877,121
5% in any class of a
company’s securities. shares. Without citing a reason,
Subsequent changes Engine Capital sold 883,478 Har-
in holdings or inten- vard Biosciences shares at per
tions must be re-
ported in amended share prices ranging from $2.66 to
filings. This material is $2.95 on June 3 through June 19.
from June 18 through
June 24, 2020.
Engine Capital now holds approxi-
Source: Insider- mately 4.9% of Harvard Biosci-
Score.com ence’s tradable stock.
M7
POWER PLAY
A Bustle in
The Hedge
World
By CARLETON ENGLISH
W
e knew that activist
investing would change
coming out of the corona-
virus pandemic, but a
double dose of news this past week
offered even more surprises in an
already unpredictable year.
First up was Bill Ackman, who
on Monday filed with the Securities
and Exchange Commission to
debut Pershing Square Tontine
Holdings, which could be the
largest-ever special purpose
acquisition company, or SPAC.
Ackman is on the hunt for a
“mature unicorn” to take public.
Then, on Tuesday, news broke
that Jeffrey Ubben was leaving
ValueAct, the hedge fund he
founded 20 years ago, to launch an
ESG-focused fund, telling the
Financial Times, “Finance is, like,
done.”
Both men are pillars of activist
hedge funds—they once simultane-
ously invested in then-troubled
Valeant Pharmaceuticals, now
Bausch Health (ticker: BHC).
To be sure, traditional activist
investing has lost some momentum.
Last year, there were 17% fewer
campaigns than in 2018, and this
year has been slowed by the pan-
demic. Meanwhile, companies have
gotten smarter about defending
against activists, with some institut-
ing poison-pill provisions to wait
out recent market volatility.
Proxy seasons full of angry fight
letters may continue to decline as
traditional activists instead see
more upside potential in taking
companies public, as in Ackman’s
case, or pushing for ESG changes,
in Ubben’s.
Activism may not be “done,” to
borrow Ubben’s words, but it’s
starting to look a little different. B
M8 BARRON’S June 29, 2020

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INVESTMENT LANDSCAPE.

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Stéphane Bancel Henry Ellenbogen Sir Martin Sorrell

Moderna Durable Capital Partners S4 Capital

Stewart Butterfield Bill Gross Kelly Steckelberg

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Wealthfront Synchrony Hippo

Christopher A. Cartwright Craig Moffett Jill Woodworth

TransUnion MoffettNathanson LLC Peloton

Ken Chenault Jonathan Neman

General Catalyst Sweetgreen

Stacey Cunningham Kim Polese

NYSE Group CrowdSmart

REQUEST YOUR INVITATION NOW

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June 29, 2020 BARRON’S M9

Charting the Market

A graphic look at selected stock activity for the week ended June 26, 2020 n Edited by Bill Alpert
GAP INOVIO PHARMACEUTICALS PENN NATIONAL GAMING PG&E
GPS (NYSE) • 12.07 • 1.41 16 INO (NASD) • 29.98 • 15.71 35.0 PENN (NASD) • 30.65 • -1.49 39.0 PCG (NYSE) • 9.13 • -1.09 12
 Kanye West will design 14  The vaccine developer is 29.5  In a CNBC television 36.5  A bankruptcy judge ap- 11
clothes for the retail chain, 12 getting $71 million from the 24.0 appearance, the company’s 34.0 proved the California utility’s 10
which it hopes will bring in 10 Defense Department to 18.5 chief executive said it had 31.5 restructuring plan. PG&E 9
$1 billion in annual sales af- 8 make vaccine injectors. 13.0 resumed operations at 30 29.0 can now tap a state fund for 8
ter five years. The rapper’s M T W T F Data on its Covid-19 vaccine M T W T F of its 41 gaming and racing M T W T F the costs of future wildfires M T W T F

line will be called Yeezy Gap. candidate is expected soon. properties. and pass costs to ratepayers.
Stock Price $ Stock Price $ Stock Price $ Stock Price $
27.5 36 41 27
23.0 29 33 22
18.5 22 25 17
14.0 15 17 12
9.5 8 9 7
5.0 1 1 2

Volume in Millions Volume in Millions Volume in Millions Volume in Millions

190 606 146 260
95 303 73 130
0 0 0 0
J J A S O N D J F M A M J J J A S O N D J F M A M J J J A S O N D J F M A M J J J A S O N D J F M A M J

RITE AID TRANSLATE BIO WORKHORSE GROUP LUCKIN COFFEE

RAD (NYSE) • 15.09 • 2.68 19 TBIO (NASD) • 19.48 • 4.18 30 WKHS (NASD) • 9.90 • 5.02 12 LK (NASD) • 1.38 • -2.44 5

 May quarter losses for the 17  Sanofi committed up to 26  Plans for an electric 10  The fraud-plagued chain 4
drug chain narrowed to $1.19 15 $1.9 billion for development 22 pickup truck generated 8 of coffee shops in China 3
a share, from a year-ago 13 of the company’s mRNA vac- 18 buzz for Lordstown Mo- 6 said it won’t fight Nasdaq’s 2
$1.88. Same-store sales rose 11 cines against Covid, the flu, 14 tors—a venture in which the 4 decision to delist its Ameri- 1
M T W T F M T W T F M T W T F M T W T F
6.6%. Positive free cash flow and other diseases. Sanofi long-struggling Workhorse can depositary shares.
should appear by 2021. will get an equity stake. owns a 10% slice. Trading will end Monday.
Stock Price $ Stock Price $ Stock Price $ Stock Price $
26.5 30 12.5 52.5
22.0 25 10.0 42.0
17.5 20 7.5 31.5
13.0 15 5.0 21.0
8.5 10 2.5 10.5
4.0 5 0.0 0.0

Volume in Millions Volume in Millions Volume in Millions Volume in Millions

102 44 270 660
51 22 135 330
0 0 0 0
J J A S O N D J F M A M J J J A S O N D J F M A M J J J A S O N D J F M A M J J J A S O N D J F M A M J

CORELOGIC VAXART UNIQURE EKSO BIONICS HOLDINGS

CLGX (NYSE) • 67.95 • 18.26 70.0 VXRT (NASD) • 8.04 • 5.44 16 QURE (NASD) • 46.48 • -20.30 74.0 EKSO (NASD) • 8.77 • 5.35 12.0
 Cannae Holdings and Sen- 64.5  The company’s oral vac- 12  The gene-therapy devel- 66.5  FDA approval of the com- 9.5
ator Investment Group made 59.0 cine candidate against 8 oper’s deal to license its he- 59.0 pany’s robotic exoskeleton 7.0
an a $65 a share cash bid for 53.5 Covid-19 was chosen to be 4 mophilia treatment to CSL 51.5 for brain-injured patients 4.5
the real estate data vendor— 48.0
part of a preclinical study 0
Behring for up to $1.6 bil- 44.0
will add to its existing mar- 2.0
whose revenues have risen M T W T F in primates, as part of M T W T F lion, dashed investors’ hopes M T W T F ket for stroke and spinal M T W T F
with mortgage volumes. Operation Warp Speed. for a UniQure takeover. cord injuries.
Stock Price $ Stock Price $ Stock Price $ Stock Price $
72 17.5 80 31
62 14.0 71 25
52 10.5 62 19
42 7.0 53 13
32 3.5 44 7
22 0.0 35 1

Volume in Millions Volume in Millions Volume in Millions Volume in Millions

18 394 12 162
9 197 6 81
0 0 0 0
J J A S O N D J F M A M J J J A S O N D J F M A M J J J A S O N D J F M A M J J J A S O N D J F M A M J

The charts record the net change in share price, the high, low and closing trades, and share volume for companies with noteworthy stock activity last week. In addition, the graphs depict last week’s daily price activity in detail. The
dotted line on some graphs denotes the stock’s 200-day moving average; lack of a moving average means the shares have traded for less than that time period.
M10 BARRON’S June 29, 2020

Winners and Losers

NYSE BIGGEST % MOVERS NYSE MOST ACTIVE NYSE AMERICAN MOST ACTIVE NASDAQ MOST ACTIVE
Winners Volume Percentage Leaders Volume Percentage Leaders Volume Percentage Leaders
Name (Sym) Volume Close Change %Chg. Name (Sym) Volume %Chg. Close Change Name (Sym) Volume %Chg. Close Change Name (Sym) Volume %Chg. Close Change
TortoiseAcqn(SHLL) 84116 24.57 +10.53 +75.0 TortoiseAcqn(SHLL) 84116 4769.5 24.57 +10.53 Kaleyra(KLR) 3951 2396.1 3.88 –2.33 9F(JFU) 2738 7645.7 3.85 –4.56
Invitae(NVTA) 56783 27.89 +9.18 +49.1 B.Riley II A(BMRG) 5567 1231.0 10.62 +0.81 CaledoniaMining(CMCL) 2563 765.8 14.86 –2.19 CitizensHolding(CIZN) 638 1778.7 23.77 –1.73
CoreLogic(CLGX) 17813 67.95 +18.26 +36.7 VivintSmartHome(VVNT) 16255 930.2 16.66 –0.70 AdamsRes(AE) 275 671.9 26.68 –0.56 Franchise(FRG) 6058 1566.4 22.91 –1.74
Fastly(FSLY) 112007 86.51 +22.82 +35.8 AmRltyInv(ARL) 201 628.9 9.40 +0.37 InfuSystems(INFU) 2644 582.7 11.70 –0.12 LandmarkBncp(LARK) 570 1379.6 23.18 –3.49
BigLots(BIG) 23653 43.04 +9.66 +28.9 Fastly(FSLY) 112007 517.3 86.51 +22.82 BioceresCrop(BIOX) 504 509.6 6.72 +0.48 Meridian(MRBK) 812 1288.2 16.45 –0.45
MyovantSciences(MYOV) 12904 20.39 +3.72 +22.3 AspenAerogels(ASPN) 2917 482.3 6.48 –0.19 Stereotaxis(STXS) 7514 488.1 4.62 –0.85 TranslateBio(TBIO) 44218 1182.1 19.48 +4.18
RedLionHotels(RLH) 4574 2.44 +0.44 +22.0 Ranpak(PACK) 3985 406.2 6.94 –0.71 GlobalSCAPE(GSB) 2083 413.8 10.21 –0.03 CB FinSvcs(CBFV) 726 1152.4 22.00 –2.71
RiteAid(RAD) 50457 15.09 +2.68 +21.6 BrookfieldInfr(BIPC) 5847 382.8 44.36 –6.23 BarHarborBkshs(BHB) 989 236.3 24.61 +3.48 TelaBio(TELA) 2663 1149.2 13.75 –8.86
ChesapeakeUtil(CPK) 1596 374.3 80.50 –3.86 DeltaApparel(DLA) 907 220.5 11.67 +0.05 FirstUnited(FUNC) 974 1101.6 14.59 +0.18
Losers Culp(CULP) 2174 360.7 8.03 +0.18 MastechDigital(MHH) 1041 182.8 23.51 +1.83 UnionBankshares(UNB) 571 996.6 17.71 –0.14
Name (Sym) Volume Close Change %Chg. PG&E(PCG) 260811 353.6 9.13 –1.09 DocumentSecSys(DSS) 3498 164.6 8.94 +1.23 SecurityNatFin(SNFCA) 1281 940.6 6.67 –0.48
CheetahMobile(CMCM) 8951 1.70 –1.84 –52.0 APi Group(APG) 30743 352.2 12.22 –1.37 MetallaRoyalty(MTA) 2210 131.6 5.33 –0.41 CountyBancorp(ICBK) 657 892.9 22.08 –0.43
ConturaEnergy(CTRA) 3742 2.93 –1.22 –29.4 GrafIndustrial(GRAF) 3349 349.4 15.00 +1.94 AlphaProTech(APT) 40325 101.3 17.55 +0.76 Synalloy(SYNL) 1377 877.9 7.50 –0.40
NaborsIndustries(NBR) 5038 33.77 –13.80 –29.0 Invitae(NVTA) 56783 344.5 27.89 +9.18 BattalionOil(BATL) 311 87.0 9.46 –0.73 FirstFinNW(FFNW) 1216 829.5 8.76 –0.50
NGL Energy(NGL) 13913 3.88 –1.44 –27.1 PrimoWater(PRMW) 37122 322.9 13.63 –0.47 NanoViricides(NNVC) 7448 76.4 8.00 +1.40 CaliforniaBncp(CALB) 1123 786.9 14.34 –1.32
AnteroResources(AR) 89595 2.34 –0.86 –26.9 MSA Safety(MSA) 5443 306.7 110.58 +4.82 Cel-Sci(CVM) 6257 59.2 15.24 +1.60 Sonos(SONO) 88018 744.1 15.00 +3.06
FangHoldings(SFUN) 198 11.20 –3.98 –26.2 AccelEnt(ACEL) 6938 291.4 8.99 –1.07 Pfenex(PFNX) 2608 46.1 7.96 –0.06 XerisPharm(XERS) 23628 702.2 2.51 –2.78
PBF Energy(PBF) 31854 9.57 –3.31 –25.7 UnvlTechInst(UTI) 4820 279.4 6.64 –0.56 IntelligentSys(INS) 437 42.3 33.18 –0.53 BRP Group(BRP) 6713 688.8 18.30 +2.43
MontageRscs(MR) 3088 3.53 –1.19 –25.2 Livent(LTHM) 38494 276.1 5.74 –1.93 Electromed(ELMD) 1330 42.1 15.17 +0.35 YintechInvt(YIN) 501 686.8 5.98 +0.70
CoreLogic(CLGX) 17813 273.2 67.95 +18.26 NatlHealthcare(NHC) 373 31.4 59.52 –0.29 GeneralFin(GFN) 1438 683.9 6.35 –0.03
NYSE AMERICAN BIGGEST % MOVERS
By Share Volume By Share Volume By Share Volume
Winners
Name (Sym) Volume Close Change%Chg. Name (Sym) Volume Close Change%Chg. Name (Sym) Volume Close Change%Chg.
Name (Sym) Volume Close Change %Chg.
HertzGlobal(HTZ) 484479 1.49 –0.24 –13.9 ZomedicaPharm(ZOM) 570305 0.24 +0.05 +27.8 AmerAirlines(AAL) 689686 12.38 –3.62 –22.6
NanoViricides(NNVC) 7448 8.00 +1.40 +21.2
GeneralElec(GE) 466744 6.48 –0.67 –9.4 iBio(IBIO) 223285 2.15 +0.68 +46.3 InovioPharma(INO) 606912 29.98 +15.71+110.1
Envela(ELA) 1546 4.95 +0.73 +17.3
FordMotor(F) 425840 5.91 –0.32 –5.1 LilisEnergy(LLEX) 155723 0.26 +0.01 +5.3 UnitedAirlines(UAL) 325576 32.89 –3.95 –10.7
BarHarborBkshs(BHB) 989 24.61 +3.48 +16.5
NIO(NIO) 376777 6.90 –0.44 –6.0 ActiniumPharm(ATNM) 101905 0.36 –0.02 –4.8 LuckinCoffee(LK) 289385 1.38 –2.44 –63.9
DocumentSecSys(DSS) 3498 8.94 +1.23 +16.0
BankofAmerica(BAC) 360028 23.15 –2.10 –8.3 NorthernOil&Gas(NOG) 75650 0.84 –0.16 –16.0 AdvMicroDevices(AMD) 262814 50.10 –4.13 –7.6
AIM Immuno(AIM) 25984 2.71 +0.36 +15.3
NorwegCruise(NCLH) 299273 15.28 –2.94 –16.1 PalatinTech(PTN) 55432 0.52 +0.01 +2.5 Apple(AAPL) 220681 353.63 +3.91 +1.1
VolitionRX(VNRX) 5044 4.11 +0.45 +12.3
Boeing(BA) 268622 170.01 –17.01 –9.1 Barnwell(BRN) 43366 1.07 +0.27 +34.5 Novan(NOVN) 203562 0.47 –0.00 –0.1
Cel-Sci(CVM) 6257 15.24 +1.60 +11.7
WellsFargo(WFC) 263620 25.34 –2.26 –8.2 NewGold(NGD) 41440 1.34 +0.22 +19.6 CiscoSystems(CSCO) 190495 46.31 +0.99 +2.2
UniqueFabricating(UFAB) 118 3.47 +0.31 +9.8
PG&E(PCG) 260811 9.13 –1.09 –10.7 AlphaProTech(APT) 40325 17.55 +0.76 +4.5 Microsoft(MSFT) 182925 196.33 +1.18 +0.6
Losers AT&T(T) 247159 29.08 –1.23 –4.1 PolymetMining(PLM) 40286 0.38 –0.06 –13.2 T-MobileUS(TMUS) 175720 105.20 –1.50 –1.4
Name (Sym) Volume Close Change %Chg. DeltaAir(DAL) 203812 26.91 –2.60 –8.8 B2Gold(BTG) 39049 5.41 +0.23 +4.4 SiriusXM(SIRI) 162850 5.54 –0.42 –7.0
Carnival(CCL) 199500 15.78 –2.05 –11.5 NovaBayPharm(NBY) 37413 1.10 +0.17 +17.7 Facebook(FB) 158312 216.08 –22.71 –9.5
Kaleyra(KLR) 3951 3.88 –2.33 –37.5
CallonPetrol(CPE) 197812 1.19 –0.19 –13.8 SierraMetals(SMTS) 36648 1.29 +0.20 +18.3 Comcast A(CMCSA) 135781 38.65 –0.45 –1.2
AmShrHosp(AMS) 2403 1.88 –1.07 –36.3
Gap(GPS) 190041 12.07 +1.41 +13.2 Enservco(ENSV) 35527 0.18 –0.02 –8.9 Intel(INTC) 133794 57.50 –2.12 –3.6
MilestoneSci(MLSS) 10625 1.92 –0.89 –31.7
Macy's(M) 187470 6.02 –0.86 –12.5 HoustonAmEner(HUSA) 35376 0.14 –0.00 –2.7 FuelCell(FCEL) 124959 2.09 –0.11 –5.0
NTN Buzztime(NTN) 3486 2.17 –0.98 –31.1
ItauUnibanco(ITUB) 173968 4.69 –0.58 –11.0 InspireMD(NSPR) 34241 0.49 +0.00 +0.2 DraftKings(DKNG) 105632 33.34 –8.66 –20.6
ContangoO&G(MCF) 16382 2.42 –0.97 –28.6
Ambev(ABEV) 172890 2.55 –0.05 –1.9 Globalstar(GSAT) 28909 0.31 –0.02 –5.0 CaesarsEnt(CZR) 93796 11.75 –0.53 –4.3
Cohen(COHN) 1429 10.40 –3.11 –23.0
Transocean(RIG) 172272 1.78 –0.32 –15.2 AIM Immuno(AIM) 25984 2.71 +0.36 +15.3 Zynga(ZNGA) 91719 9.58 +0.29 +3.1
AmbowEduc(AMBO) 215 1.72 –0.47 –21.7
Nokia(NOK) 161951 4.34 +0.01 +0.2 Senseonics(SENS) 24412 0.40 –0.01 –2.6 MicronTech(MU) 90376 48.49 –2.34 –4.6
MexcoEnergy(MXC) 65 3.10 –0.71 –18.6
DenburyRscs(DNR) 157376 0.35 –0.03 –8.1 GranTierraEner(GTE) 22923 0.34 –0.04 –11.4 Sonos(SONO) 88018 15.00 +3.06 +25.6
NASDAQ BIGGEST % MOVERS
By Dollar Volume By Dollar Volume By Dollar Volume
Winners Name (Sym) $ Volume Close Change%Chg. Name (Sym) $ Volume Close Change%Chg. Name (Sym) $ Volume Close Change%Chg.
Name (Sym) Volume Close Change %Chg. Boeing(BA) 47906338 170.01 –17.01 –9.1 AlphaProTech(APT) 727095 17.55 +0.76 +4.5 Apple(AAPL) 79453461 353.63 +3.91 +1.1
InovioPharma(INO) 606912 29.98 +15.71 +110.1 Alibaba(BABA) 17304733 215.71 –4.93 –2.2 CheniereEnergy(LNG) 629077 44.98 –3.92 –8.0 Amazon.com(AMZN) 584213902692.87 +17.86 +0.7
FivePrimeTherap(FPRX) 7826 6.82 +2.43 +55.2 Shopify(SHOP) 12054088 910.00 +29.00 +3.3 iBio(IBIO) 481211 2.15 +0.68 +46.3 Tesla(TSLA) 40618795 959.74 –41.16 –4.1
Altimmune(ALT) 15039 10.60 +3.20 +43.2 JPMorganChase(JPM) 11626207 92.59 –5.22 –5.3 B2Gold(BTG) 208575 5.41 +0.23 +4.4 Facebook(FB) 36260203 216.08 –22.71 –9.5
LimelightNetworks(LLNW) 34980 7.37 +2.22 +43.1 Visa(V) 9174607 189.27 –2.93 –1.5 NovaGoldRscs(NG) 140507 8.61 +0.24 +2.9 Microsoft(MSFT) 36130195 196.33 +1.18 +0.6
21 Vianet(VNET) 20778 24.56 +6.23 +34.0 Fastly(FSLY) 8727858 86.51 +22.82 +35.8 ZomedicaPharm(ZOM) 129759 0.24 +0.05 +27.8 NVIDIA(NVDA) 20448049 366.20 –4.25 –1.1
EveloBiosci(EVLO) 2574 4.98 +1.25 +33.3 Disney(DIS) 8707217 109.10 –5.25 –4.6 Cel-Sci(CVM) 97162 15.24 +1.60 +11.7 T-MobileUS(TMUS) 18894568 105.20 –1.50 –1.4
eXpWorld(EXPI) 5236 16.93 +3.91 +30.0 BankofAmerica(BAC) 8613558 23.15 –2.10 –8.3 EquinoxGold(EQX) 87303 11.01 +0.85 +8.4 Alphabet A(GOOGL) 155786461362.54 –62.10 –4.4
SuperiorGroup(SGC) 226 14.23 +3.28 +30.0 Spotify(SPOT) 8600088 264.95 +33.66 +14.6 ImperialOil(IMO) 84148 15.41 –0.71 –4.4 InovioPharma(INO) 15087794 29.98 +15.71+110.1
Square(SQ) 8024515 104.30 +6.32 +6.5 Barnwell(BRN) 70986 1.07 +0.27 +34.5 Alphabet C(GOOG) 144836391359.90 –71.82 –5.0
Losers BerkHathwy B(BRK.B) 7367116 175.37 –4.35 –2.4 SierraMetals(SMTS) 69316 1.29 +0.20 +18.3 AdvMicroDevices(AMD) 13815737 50.10 –4.13 –7.6
Name (Sym) Volume Close Change %Chg. AT&T(T) 7309989 29.08 –1.23 –4.1 NorthernOil&Gas(NOG) 64971 0.84 –0.16 –16.0 ZoomVideo(ZM) 13795388 256.80 +13.32 +5.5
LuckinCoffee(LK) 289385 1.38 –2.44 –63.9 WellsFargo(WFC) 6961656 25.34 –2.26 –8.2 LilisEnergy(LLEX) 63513 0.26 +0.01 +5.3 Netflix(NFLX) 12683290 443.40 –10.32 –2.3
9F(JFU) 2738 3.85 –4.56 –54.2 Citigroup(C) 6935097 49.58 –3.34 –6.3 AIM Immuno(AIM) 62984 2.71 +0.36 +15.3 UnitedAirlines(UAL) 11109828 32.89 –3.95 –10.7
XerisPharm(XERS) 23628 2.51 –2.78 –52.6 Mastercard(MA) 6066364 289.34 –7.16 –2.4 NanoViricides(NNVC) 58254 8.00 +1.40 +21.2 AmerAirlines(AAL) 9265399 12.38 –3.62 –22.6
BeasleyBroadcast(BBGI) 3476 2.34 –1.52 –39.3 Verizon(VZ) 5688607 53.16 –3.00 –5.3 CheniereEnerPtrs(CQP) 55423 35.07 –3.91 –10.0 CiscoSystems(CSCO) 8666565 46.31 +0.99 +2.2
TelaBio(TELA) 2663 13.75 –8.86 –39.2 DeltaAir(DAL) 5683982 26.91 –2.60 –8.8 NewGold(NGD) 52579 1.34 +0.22 +19.6 Intel(INTC) 7861637 57.50 –2.12 –3.6
MartinMidstream(MMLP) 1530 1.64 –0.86 –34.4 Nike(NKE) 5665980 93.67 –2.11 –2.2 ContangoO&G(MCF) 43455 2.42 –0.97 –28.6 Adobe(ADBE) 6775204 426.92 –1.09 –0.3
uniQure(QURE) 11249 46.48 –20.30 –30.4 Salesforce.com(CRM) 5566908 183.17 –3.78 –2.0 ActiniumPharm(ATNM) 41539 0.36 –0.02 –4.8 PayPal(PYPL) 6672876 170.87 +6.51 +4.0
AscenaRetail(ASNA) 5159 1.43 –0.61 –29.9 J&J(JNJ) 5547794 137.81 –6.02 –4.2 SilvercorpMetals(SVM) 40944 5.04 +0.37 +7.9 Nikola(NKLA) 6038534 63.55 –2.35 –3.6

Includes Common shares only. All figures reflect activity for the most-recent five-day trading week. Share volume figures are expressed in thousands. Volume percentage leaders exclude stocks with average daily volume of fewer
than 5,000 shares or priced under $5. Average volume is based on 65 trading days. Volume figures do not reflect extended trading hours. a-Stock has not been in existence or not been traded for 65 consecutive sessions. S-Stock
split or stock dividend amounting to 10% or more. X-Ex-dividend
June 29, 2020 BARRON’S M11

Research Reports
How Analysts Size Up Companies
These reports, excerpted and edited by Barron’s, were issued recently by investment Codexis • CDXS-Nasdaq early stages of growth. Price target: $21.
Buy • Price $11.12 on June 24
and research firms. The reports are a sampling of analysts’ thinking; they should not by H.C. Wainwright Wingstop • WING-Nasdaq

be considered the views or recommendations of Barron’s. Some of the reports’ issuers Buy • Price $133.88 on June 23
have provided, or hope to provide, investment-banking or other services to the Codexis has entered into a partnership with by Stifel
companies being analyzed. Molecular Assemblies (a private company)
to engineer enzymes for the synthesis of We are raising our fiscal second-quarter EPS
DNA. Molecular Assemblies focuses on estimates to reflect a higher margin projec-
Sherwin-Williams • SHW-NYSE new and used vehicle markets, as well as developing next-generation technology to tion at company-owned restaurants, driven
Outperform • Price $576.33 on June 23 positive pricing. produce synthetic DNA for a broad range of by lower commodity costs and higher per-
by Baird Equity Research Since 2013, Lithia has been the most ag- industries, including synthetic biology, meal spending by customers. The brand is
gressive dealer group, spending $2.3 billion therapeutics, diagnostics, agriculture, bio- building greater awareness among heavy
Strength in the U.S. do-it-yourself market on acquisitions that have contributed to its computing, and DNA data storage. In our fast-food consumers. It recently created a
and diverse end-market exposure from the threefold increase in revenue. During its view, combining Codexis’ protein engineer- new incentive program to encourage exist-
acquired Valspar coatings assets have partly first-quarter earnings call, the company ing expertise with Molecular Assemblies’ ing franchisees to pull forward their devel-
offset challenges across other portions of touched on topics that should provide above- advanced chemistry know-how could [help opment plans, which we expect to be utilized
Sherwin-Williams’ portfolio. We continue to market growth over several years: continua- Codexis] become a serious player in DNA once construction resources become more
believe that the company remains advan- tion of an active, disciplined acquisition synthesis, which we believe is still in the available. Target price: $140.
taged in the current operating environment, strategy; expansion of [its system for buy-
with 2020 earnings probably biased to the ing and selling vehicles from the home];
upper end of its current guidance of $19 to permanent cost reductions of $200 million INSIDER TRANSACTIONS: Recent Filings
$21 a share. Noting that Sherwin-Williams’ annually; and the expansion of a national Purchases Sales
$ Val $ Val
earnings power is $25 to $27, we believe branding strategy. We have increased our Company /Symbol Insiders Shares (000's) Company /Symbol Insiders Shares (000's)
that our raised, $650 price target is realistic. target price to $170 per share, up from $136, Aveo Pharmaceuticals AVEO 6 8,571,426 45,000 Zoom Video Communications ZM 5 236,895 58,726
That underlies our top pick designation. to reflect higher earnings assumptions. Royalty Pharma PlcRPRX 6 172,150 8,762 Purple Innovation PRPL 3 3,536,810 52,584
Groupon GRPN 1 250,000 5,392 Bill.Com BILL 2 530,000 39,682
Hc2 Holdings HCHC 2 1,071,833 3,953 Integra Lifesciences IART 1 600,000 29,082
BlackBerry • BB-NYSE Lockheed Martin • LMT-NYSE Liquidity Services LQDT 1 120,208 738 Heico HEI.A 3 300,000 27,388
Hold • Price $4.92 on June 24 Four Stars (of five) • Price $372.20 on June 19 Escalade ESCA 1 53,633 613 Netflix NFLX 1 57,260 26,477
Generation Bio CompanyGBIO 1 30,000 570 Salesforce.Com CRM 8 129,831 24,346
by Canaccord Genuity by Morningstar Wesbanco WSBC 1 25,000 518 Biohaven Pharmaceutical BHVN 3 331,062 23,968
First Guaranty Bancshares FGBI 1 37,000 444 Twilio TWLO 3 109,467 23,474
Century Bancorp CNBKA 1 4,695 351 Arista Networks ANET 1 99,691 22,639
BlackBerry reported solid results for the We view Lockheed Martin as the highest-
Hersha Hospitality TrustHT 2 60,000 345 Tradeweb Markets TW 4 359,633 22,453
first quarter of its 2021 fiscal year. Strong quality defense prime contractor, given its Athersys ATHX 1 140,000 323 Nvidia NVDA 1 53,566 20,242
licensing and solid enterprise sales helped exposure on the F-35 program and its mis- Magnolia Oil & Gas MGY 1 50,000 296 Broadcom AVGO 3 65,171 20,238
Applied Dna Sciences APDN 1 40,000 290 Fidelity National Information Services FIS 1 135,213 18,703
offset the sharp decline in QNX revenue sile business. We favor companies with
Bristow VTOL 1 14,000 207 Liberty Media LSXMK 4 503,678 18,235
from the challenged auto market. [QNX soft- growth profiles through a steady stream of Vistra Energy VST 1 10,000 196 Sarepta Therapeutics SRPT 1 105,122 17,963
ware is used in driver-assistance and other contracts that are fulfilled over decades. Civeo CVEO 1 300,000 188 Coupa Software COUP 5 66,388 16,873
Tetra Technologies TTI 2 367,068 157 Denali Therapeutics DNLI 2 655,000 16,744
systems.] While management has created a The F-35, which accounts for about 30% of Fossil FOSL 1 30,000 150 Q2 QTWO 1 200,000 16,042
cogent long-term strategy, and the shares Lockheed Martin’s revenue, will be sus- Tiptree TIPT 1 25,069 146 Workday WDAY 2 86,093 15,165
are potentially compelling for longer-term tained through 2070. An insider is any officer, director or owner of 10% or more of a class of a company's securities. In most cases, an insider must report any trade to
investors, we await more proof for upside to Regulated margins, mature markets, the SEC within two business days. The tables highlight companies that filed with the SEC through last Wednesday. The tables do not include
pension-plan or employee stock-option activity, trades by beneficial owners of 10% or more, trades under $2 per share or trades under 100
our estimates before becoming more con- customer-paid research and development, shares. The "Purchases" column includes only open-market and private purchases; the "Sales" column includes only open-market and private sales,
structive on the shares. Our $6 price target and long-term revenue visibility allow the and excludes trades preceded by option exercise in the 12 months prior to the reported event. Source: Thomson Reuters

is based on roughly three times enterprise
value-to-sales, based on our fiscal-2022 reve-
nue estimate of $1.1 billion.
Lithia Motors •LAD-NYSE
Buy • Price $141.61 on June 25
by Benchmark
Lithia Motors provided a business update at
the beginning of June. Since then, industry
feedback has been increasingly positive. We
have increased our earnings estimates to
reflect better-than-expected unit sales in the
To be considered for this section, material
should be sent to Research@barrons.com.
defense primes to deliver a lot of cash to
shareholders In the first quarter, earnings INSIDER TRANSACTIONS RATIO
per share grew 1.5%, to $6.08 a share, on
60
9.1% sales growth. Lockheed Martin
slightly grew its record backlog, which gives 50
us continued confidence in its future
40
revenue-generating capacity. Although the
Bearish
company reduced its sales guidance slightly, 30
it maintained its guidance for operating
20
profit and cash from operations. Ratio = 7
The three biggest growth opportunities 10
we see for Lockheed Martin are the F-35, a Bullish
0
large potential contract win on the Future J A S O N D J F M A M J
Vertical Lift program, and the hypersonic
missile and missile-defense programs. We are Ratio of Insiders Sales to Buys. Readings under 12:1 are Bullish. Those over 20:1 are Bearish.
maintaining our $429 fair value estimate. The total top 20 sales and buys are 511,025,286 and 68,638,053 respectively; Source: Thomson Reuters
M12
Market View
This commentary was issued recently by money managers, research firms,
and market newsletter writers and has been edited by Barron's.
“Being the epicenter of today’s pandemic reinforced how little China seems willing
to communicate, and cooperate, with the broader global village. ”
Fed Model’s Bullish Message
Sector Watch
CFRA
cfraresearch.com
June 22: The overriding question these days
is how to justify the market’s march higher.
Many analysts acknowledge that the S&P
500’s P/E ratio trades at an historically lofty
extreme, relative to its 20-year average, but
then remind us that interest rates continue
to shimmy beneath an ever-lowered limbo
bar. As a result, recent conversations have
resurrected the Fed Model, which places a
value on the S&P 500 by dividing its for-
ward earnings-per-share estimate by the
current interest rate for investment-grade
(IG) bonds (target=EPS/rate). The IG rate
is selected as investors continually compare
the relative attractiveness of stocks versus
bonds. Using the June 19 Moody’s Baa yield
of 3.57% and the S&P 500’s next-12-month
EPS projection of $127.21, according to
S&P Capital IQ consensus estimates, the
Fed Model implies that the market could be
trading around 3563 a year from now, or
15% higher than its June 19 close.
—SAM STOVALL
A Long Slog Ahead
Economic Blog
LPL Financial Research
lplresearch.com
June 26: The economy is moving in the
right direction, as many data points are
coming in substantially better than what
economists expected. With May job gains
coming in more than 10 million higher than
expected and retail sales soaring a record
18%, how quickly the economy is bouncing
back has surprised nearly everyone.
Here’s the hard truth: It might take
years for all of the jobs that were lost to
fully recover. In fact, during the 10 reces-
sions since 1950, it took an average of 30
months for lost jobs to finally come back.
And recoveries have taken much longer
lately. In fact, it took four years for the jobs
BARRON’S
—JAMES W. PAULSEN, PAULSEN’S PERSPECTIVE
lost during the tech bubble recession of the
early 2000s to come back and more than six
years for all the jobs lost to come back after
the Great Recession. Given that many more
jobs were lost during this recession, it could
takes many years before all of them return.
—RYAN DETRICK
Will Labor Day
Be Judgement Day?
Rates Strategy
MUFG Securities
mufgsecurities.com
June 26: We continue to think that, follow-
ing Labor Day in early September, the U.S.
is headed toward a collision of risks–a vigor-
ous economic recovery clashes with commu-
nity spread of Covid-19 (and capacity hospi-
talizations) and the buildup to the Nov. 3
elections. By early October, might there be
49,000 to 57,000 average new infections per
day nationwide?
Our models assign a relatively high prob-
ability to a “pendulum swing” [to Demo-
crats] in the presidential and six Senate
races (Arizona, Colorado, Georgia, Iowa,
Maine, and North Carolina) partly reflecting
mismanagement of the health risks associ-
ated with the spread of Covid-19.
—JOHN D. HERRMANN
The Key to Consumer Spending
Economic Update
Regions Financial
regions.com
June 26: Total personal income fell by 4.2% in
May, while total personal spending rose by
8.2%. The decline in personal income reflects
a drop in transfer payments, which had
surged in April, more than offsetting an in-
crease in aggregate wage and salary earnings.
Consumer spending on services rose by
5.4% in May. While we had anticipated a
stronger increase, our broader point has
been that any recovery in services spending
would likely come at only a gradual pace.
Aside from limitations on activity, consumer
attitudes will play a large role in any re-
bound in spending on services, which is one
reason the recent rise in positive tests for
Covid-19 bears watching.
Given the outsized shares of total con-
sumer spending accounted for by services,
consumer spending cannot be considered
back until spending on services is.
The details of May personal income illus-
trate the challenges facing the economy in
the months ahead. While the increase in la-
bor earnings is encouraging, the pace of
earnings growth will have to pick up
sharply to offset what could be a steep de-
cline in transfer payments by the end of
July. This has implications not only for
growth in consumer spending, but also for
the broader economy as well.
—RICHARD F. MOODY
Time to Underweight China
Paulsen’s Perspective
The Leuthold Group
leutholdgroup.com
June 22: Perhaps it is time to consider un-
derweighting China within emerging-market
allocations. China faces challenges in the
coming years which, on a relative basis, make
much of the rest of the emerging world in-
creasingly attractive. Several events have
caused many countries and companies to re-
evaluate just how much they want to work
with, and rely on, China. Being the epicenter
of today’s pandemic reinforced how little
China seems willing to communicate, and co-
operate, with the broader global village.
Moreover, the pandemic has illuminated the
importance for all companies and countries to
diversify their supply channels beyond
China. Long-standing suspicions surrounding
China’s recurring acts of piracy, and its re-
cent move toward a more autocratic govern-
ment have left several companies with opera-
tions in China feeling vulnerable.
Finally, the favorable demographics that
had driven Chinese economic growth are
ending...[China] enjoyed a period of rapid
growth by reemploying a large number of
unemployed people. Now, though, the Chi-
June 29, 2020
nese economy is much more fully employed,
and growth trends will default to underlying
demographics, which are poor.
There are two possibilities to consider
when diversifying or reducing exposure to
China. The Emerging Market (EM) index-
excluding China, and the MSCI Frontier
EM index have both underperformed the
overall MSCI EM index in the past year,
though both now show signs of bottoming.
Each stands to benefit from the struggles
that China seems destined to face in the
coming years. In addition, some valuation
ratios favor ex-China approaches.
The MSCI EM ex-China index trades at a
comparable P/E multiple, but offers a cheaper
price-to-book ratio, a lower price-to-sales ra-
tio, and a higher dividend yield. The MSCI
Frontier index has a 1% higher dividend yield
and a P/E multiple about 25% lower.
—JAMES W. PAULSEN
Gold Outshines the Buck
Weekly Update
The Aden Forecast
adenforecast.com
June 25: Gold has surged to an eight-year
high, and it’s set to rise much further. Keep
an eye on $1,700 an ounce... a key support
level. A clear closing high above $1,790 could
see the record highs tested. Silver also re-
mains strong above $17 an ounce; good
strength will occur if it closes above $19.
The U.S. dollar index is still under pres-
sure, but it’s been a bit volatile lately. It’s
set to decline further and when it does,
[other] currencies will rise. This will happen
once the dollar index declines and stays be-
low 95. We recommend a diversified cash
position, with half in U.S. dollars and half
divided among the Australian dollar, the Ca-
nadian dollar, and the euro. Or you may pre-
fer buying the currency ETFs: FXA, FXC
and FXE, respectively.
—PAMELA AND MARY ANNE ADEN
To be considered for this section, material, with
the author’s name and address, should be sent
to MarketWatch@barrons.com.
June 29, 2020 BARRON’S M13

New York Stock Exchange Composite List

FIVE-DAY DOW COMPOSITE
NOTICE TO READERS:
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U.S. Boeing dropped 9.1% on concerns about air travel, while internet backbone builder
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26340
- Earnings - - Earnings -
52-Week Tick - Week’s - Last This Next Div 52-Week Tick - Week’s - Last This Next Div
High Low Name Sym Yld P/E Last Chg. Year Year Year Amt High Low Name Sym Yld P/E Last Chg. Year Year Year Amt
25970
A
9.13 4.60 AlumofChina ACH ... 51 4.72 –0.25 ... ... ... ...
(Prev Fri's
10.33 9.51 AlussaEnergy ALUS.UT ... cc 10.07 –0.07 ... ... ... ...
10.29 9.25 AlussaEnergyA ALUS ... cc 9.80 –0.01 ... ... ... ... Close)
52.78 8.56 AAR AIR 1.6 15 19.06 –2.28 .21 1.69 .94 .075 0.90 0.48 AlussaEnergyWt ALUS.WT ... ... .50 –0.02 ... ... ... ...
25.30 14.71 ABB ABB 3.1 36 21.71 +0.39 .67 .78 ... .8252 22.90 8.74 AmbacFin AMBC ... dd 13.51 –0.39 –4.69 –5.04 –2.17 ... 25600
42.67 19.79 ABMIndustries ABM 2.1 dd 34.97 –3.32 1.90 1.94 2.23 .185 10.53 3.24 AmbacFinWt AMBC.WT ... ... 5.89 +0.47 ... ... ... ...
11.38 3.51 ACCO Brands ACCO 4.0 6 6.58 +0.12 1.06 .61 1.16 .065 5.45 1.90 Ambev ABEV ... 14 2.55 –0.05 .19 .11 .13 ...
45.84 28.50 ADC Therap ADCT ... dd 43.15 +1.65 –1.89 ... –2.11 ... 11.77 5.80 Amcor AMCR 4.8 31 9.67 –0.64 .36 ... .69 .115
9.71 3.41 ADT ADT 1.8 dd 7.62 –0.37 –.57 1.05 1.10 .035 87.66 58.74 Ameren AEE 2.9 22 68.90 –0.90 3.35 ... 3.76 .495
52.40 21.76 AECOM ACM ... dd 36.19 –2.21 –1.66 ... 2.59 ... 27.99 13.11 Ameresco AMRC ... 28 27.38 +4.41 ... .90 1.07 ... 25230
21.23 8.11 AES AES 4.2 31 13.75 +0.41 .45 1.39 1.55 .1433 18.04 10.12 AmericaMovil AMX 2.8 41 12.62 –0.76 ... 18.19 25.27 .1776
57.18 23.07 Aflac AFL 3.2 9 34.68 –1.92 4.43 4.33 4.47 .28 17.94 10.41 AmericaMovil A AMOV 4.3 40 12.50 –0.55 ... .49 1.15 .1754
81.39 35.33 AGCO AGCO 1.2 33 52.70 –1.54 1.63 ... ... .16 49.26 20.15 AmericanAssets AAT 2.9 34 27.89 –0.39 .84 1.26 1.35 .20 +153.50 +131.14 -710.16 +299.66 -730.05
16.70 1.46 AG Mortgage MITT .0 dd 3.20 –0.89 2.39 .94 .93 .45 13.23 2.50 AmericanAxle AXL ... dd 7.16 –0.22 –4.31 –1.49 .50 ... 24860
3.83 1.29 AHBeloA AHC 9.6 4 1.66 –0.10 ... .22 .28 .04 50.94 20.13 AmCampus ACC 5.4 36 34.70 –1.93 .60 .63 .64 .47 10 12 2 4pm 10 12 2 4pm 10 12 2 4pm 10 12 2 4pm 10 12 2 4pm
12.49 1.95 AMC Ent AMC 2.9 dd 4.18 –1.34 ... –4.12 –3.04 .03 18.42 6.54 AmerEagle AEO .0 dd 10.54 –1.00 1.12 ... ... .1375
89.22 36.65 AMN Healthcare AMN ... 22 43.91 +0.31 2.40 2.66 3.13 ... 104.97 65.14 AEP AEP 3.6 21 78.00 –1.71 3.88 4.27 4.65 .70
11.19 5.05 AMTD Intl HKIB ... 15 7.30 +0.80 .55 .39 .51 ... 58.77 37.05 AmerElecPwrUn AEP.PRB 6.4 ... 47.73 –2.45 ... ... ... .7656
2.11 0.34 ARC Document ARC 5.1 11 .79 –0.26 .07 ... .10 .01 34.16 9.07 AmEqtyLf AEL 1.4 4 21.72 –1.45 2.68 5.05 4.78 .30
5.70 3.17 ASETech ASX 2.4 18 4.42 –0.03 .26 .32 .39 .1607 138.13 67.00 AmerExpress AXP 1.8 14 93.42 –7.52 7.99 2.90 7.01 .43 - Earnings - - Earnings -
72.66 29.04 ASGN ASGN ... 18 62.96 –1.04 3.28 3.85 4.31 ... 115.03 44.01 AmericanFin AFG 3.1 20 58.73 –4.60 9.85 6.72 8.42 .45 52-Week Tick - Week’s - Last This Next Div 52-Week Tick - Week’s - Last This Next Div
39.70 26.08 AT&T T 7.2 15 29.08 –1.23 1.89 3.50 3.70 .52 29.89 17.50 AmHomes4Rent AMH .7 90 26.96 +0.04 ... .21 .17 .05 High Low Name Sym Yld P/E Last Chg. Year Year Year Amt High Low Name Sym Yld P/E Last Chg. Year Year Year Amt
8.29 3.43 A10Networks ATEN ... dd 6.48 –0.48 –.23 .21 .22 ... 58.66 16.07 AIG AIG 4.3 6 29.71 –2.10 3.74 2.72 4.46 .32
67.51 31.82 AXIS Capital AXS 4.1 dd 39.69 –3.61 3.37 ... ... .41 16.75 0.38 AIG Wt AIG.WT ... ... 1.33 –0.56 ... ... ... ... 38.09 17.69 ArtisanPtrsAsset APAM 8.3 11 30.70 –2.00 2.65 2.48 2.57 .61 25.99 9.12 BakerHughes BKR 4.9 dd 14.70 –0.79 .23 ... ... .18
32.18 26.35 Azek AZEK ... ... 31.00 +0.60 ... ... .85 ... 17.89 5.99 AmRltyInv ARL ... dd 9.40 +0.37 –1.00 –4.46 –4.43 ... 123.45 39.36 AsburyAutomotive ABG ... 9 73.09 –1.89 9.55 5.85 8.38 ... 82.82 51.26 Ball BLL .9 48 67.34 –3.34 1.66 2.85 3.10 .15
50.36 19.31 AZZ AZZ 2.1 18 32.87 –0.16 1.84 2.41 2.95 .17 13.80 5.57 AmericanRenal ARA ... dd 5.90 –0.07 –.68 –.32 –.26 ... 3.44 0.47 AshfordHosp AHT .0 dd .69 –0.15 –1.58 –3.88 –2.82 .06 19.12 6.44 BancCalifornia BANC 2.5 dd 9.57 –1.34 ... –.30 ... .06
78.65 13.01 Aaron's AAN .4 dd 44.32 +2.06 .46 4.09 4.01 .04 96.64 65.11 AmerStWater AWR 1.7 32 73.85 –3.15 2.28 2.28 2.41 .305 81.82 38.88 AshlandGlobal ASH 1.7 dd 66.52 –2.23 8.03 2.23 3.76 .275 12.58 2.10 BancoBBVA BBAR ... 1 3.87 +0.15 3.15 2.18 1.86 ...
100.00 61.61 AbbottLabs ABT 1.6 44 88.71 –1.97 2.06 3.29 3.70 .36 269.25 174.32 AmerTowerREIT AMT 1.8 58 246.48 –19.12 4.24 4.18 4.79 1.10 10.71 4.09 AspenAerogels ASPN ... dd 6.48 –0.19 –.60 –.42 –.19 ... 5.80 2.64 BancoBilbaoViz BBVA 7.0 6 3.30 –0.08 .74 ... ... .1101
99.35 62.55 AbbVie ABBV 4.9 17 96.13 –0.58 5.28 10.59 12.11 1.18 19.60 11.35 AmerVanguard AVD .0 38 13.11 +0.11 .46 ... ... .02 34.02 13.94 AssetMarkFin AMK ... dd 25.66 –1.72 –.01 .94 1.01 ... 8.62 2.58 BancoBradesco BBDO 3.5 6 3.41 –0.37 ... ... ... .003
19.18 7.42 Abercrombie&Fitch ANF .0 dd 9.81 –0.84 .60 ... .56 .20 141.70 92.00 AmerWaterWorks AWK 1.8 36 124.08 –2.28 3.43 3.83 4.21 .55 22.60 10.23 AssociatedBanc ASB 5.7 8 12.67 –1.55 1.91 .86 1.30 .18 30.00 12.50 BancodeChile BCH 3.5 10 17.81 –0.64 1.67 1.49 1.42 .5131
29.55 9.59 AcadiaRealty AKR .0 34 12.77 –0.52 .62 .07 .14 .29 40.42 23.30 AmericoldRealty COLD 2.3 94 36.26 +0.20 .26 .50 .56 .21 65.46 24.33 AssocCapital AC .6 dd 32.80 –2.66 ... ... ... .10 22.85 7.73 Bladex BLX 8.5 6 11.76 –0.09 ... 2.19 2.23 .25
13.35 5.22 AccelEnt ACEL ... dd 8.99 –1.07 –.09 –.08 .47 ... 180.85 80.01 Ameriprise AMP 2.8 5 147.03 –1.32 13.92 16.91 17.60 1.04 142.61 76.27 Assurant AIZ 2.5 18 99.21 –7.07 5.84 ... ... .63 77.31 13.59 BancoMacro BMA ... 2 19.65 –0.41 ... 9.22 9.68 ...
7.47 0.85 AccelEntWt ACEL.WT ... ... 2.19 –0.31 ... ... ... ... 103.37 72.06 AmerisourceBrgn ABC 1.7 13 99.18 –2.97 4.04 ... ... .42 50.77 13.64 AssuredGuaranty AGO 3.4 8 23.45 –1.42 4.04 2.55 3.33 .20 12.85 3.69 BancSanBrasil BSBR 11.5 10 5.23 –0.52 .53 .74 .79 .0446
217.89 137.15 Accenture ACN 1.5 28 212.47 +10.92 7.36 7.63 8.03 .80 102.31 54.82 Ametek AME .8 21 85.79 –2.74 3.75 3.57 4.05 .18 57.44 36.15 AstraZeneca AZN 2.6 cc 52.70 –0.32 .52 2.00 ... .95 30.47 11.43 BcoSantChile BSAC ... 10 16.57 –0.60 1.67 1.26 1.49 ...
22.30 7.96 AcornIntl ATV ... 4 14.89 +2.01 ... 2.60 2.73 ... 24.60 3.64 AmiraNatureFds RYCE ... ... 8.73 –1.78 –46.00 8.80 11.20 ... 10.55 1.20 AtHomeGroup HOME ... dd 7.04 +0.14 –3.35 ... .29 ... 8.01 2.52 BcoSantMex BSMX 8.4 5 3.72 –0.05 ... .48 .51 .1855
143.55 67.46 AcuityBrands AYI .6 11 84.45 –6.03 8.29 7.05 ... .13 7.48 2.27 AmnealPharm AMRX ... dd 4.58 –0.25 ... .56 .68 ... 3.47 0.75 Atento ATTO ... dd 1.20 –0.01 –1.12 –.42 –.16 ... 4.74 1.90 BancoSantander SAN 10.7 8 2.36 –0.01 .41 .32 .37 .109
37.12 20.65 Acushnet GOLF 1.9 27 33.38 –0.83 1.60 1.53 1.43 .155 4.50 1.94 Ampco-Pitt AP ... dd 3.06 –0.20 –1.67 .38 .08 ... 50.43 13.37 Athene ATH ... 20 30.06 –3.26 11.41 ... 7.54 ... 56.10 16.27 BanColombia CIB 4.4 6 26.39 –1.01 ... 2.28 3.16 .3178
8.70 3.31 Adecoagro AGRO ... dd 4.32 –0.27 –.01 –.10 .06 ... 110.24 63.05 Amphenol APH 1.1 26 93.97 –3.06 3.75 2.94 3.64 .25 43.50 10.85 AtkoreIntl ATKR ... 8 24.48 –2.27 2.83 3.12 ... ... 32.97 17.21 BancorpSouth BXS 3.5 11 20.95 –1.45 2.30 1.36 1.74 .185
29.28 5.90 Adient ADNT ... dd 15.39 –1.80 –5.25 –.59 1.97 ... 7.91 0.49 AmplifyEnergy AMPY .0 dd 1.33 –0.26 –1.20 –.33 –1.02 .10 2.65 1.70 AtlanticPower AT ... dd 1.85 –0.04 –.39 .22 .18 ... 35.72 17.95 BankofAmerica BAC 3.1 9 23.15 –2.10 2.75 ... ... .18
51.79 19.76 AdtalemGlbEduc ATGE ... 8 30.63 –2.02 1.60 ... 2.87 ... 6.86 3.98 Amrep AXR ... dd 4.49 –0.11 .19 .40 .76 ... 14.62 5.39 Atlas ATCO 6.9 12 7.22 –0.40 1.72 1.03 1.14 .125 38.05 13.76 BankofButterfield NTB 7.5 8 23.44 –0.82 3.33 2.61 2.81 .44
171.43 71.33 AdvanceAuto AAP .7 25 139.99 –4.91 6.84 6.52 8.46 .25 63.71 26.04 Anaplan PLAN ... dd 43.95 –3.57 –1.15 –.43 –.31 ... 121.08 77.92 AtmosEnergy ATO 2.4 21 97.46 –2.26 4.35 4.66 ... .575 95.68 46.70 BankofHawaii BOH 4.5 12 58.97 –4.41 5.56 3.81 4.16 .67
33.15 28.55 AdvDisposalSvcs ADSW ... dd 30.15 –1.00 –.07 ... ... ... 29.31 12.66 AngloGoldAsh AU ... dd 28.63 +2.62 –.03 ... ... ... 95.76 5.30 AuroraCannabis ACB ... dd 12.47 –0.90 –.22 –11.31 –.90 ... 79.93 38.31 BankofMontreal BMO ... 9 51.52 –4.21 6.53 4.79 6.60 ...
51.60 22.13 AdvDrainageSys WMS .8 dd 45.91 –3.46 –3.21 1.70 1.86 .09 102.70 32.58 AB InBev BUD 2.2 11 48.05 –2.39 ... 1.86 3.03 .551 100.10 59.54 Autohome ATHM 1.0 20 75.86 –4.68 3.91 28.06 32.55 .77 51.60 26.40 BankNY Mellon BK 3.4 8 36.32 –2.91 4.51 3.66 3.77 .31
27.22 8.06 AdvanSix ASIX ... 11 11.01 –0.51 1.43 1.24 2.39 ... 10.50 3.51 AnnalyCap NLY 15.3 dd 6.54 –0.15 –1.60 .88 .93 .22 87.01 38.16 Autoliv ALV 4.0 13 62.56 –0.54 5.29 2.65 5.69 .62 58.22 31.94 BkNovaScotia BNS 6.5 9 39.79 –2.26 5.06 3.75 ... .6555
5.18 1.80 Aegon AEG 4.9 4 2.87 +0.06 .63 .80 .68 .1735 12.46 1.69 AnteroMidstream AM 24.3 dd 5.07 –0.88 –.80 .26 .94 .3075 53.19 20.59 AutoNation AN ... 26 35.78 –2.24 4.97 ... 4.27 ... 37.60 13.47 BankUnited BKU 5.1 8 18.11 –2.67 3.13 .91 2.25 .23
64.86 10.42 AerCap AER ... 3 28.79 –3.32 8.51 6.30 ... ... 5.68 0.64 AnteroResources AR ... dd 2.34 –0.86 –1.11 –.24 –.33 ... 1274.41 684.91 AutoZone AZO ... 17 1104.93 –25.67 63.43 ... ... ... 10.22 3.41 Barclays BCS 2.7 ... 5.38 –0.27 .73 .04 .63 .148
57.27 34.01 AerojetRocket AJRD ... 24 38.87 –0.18 1.69 1.68 ... ... 312.48 171.03 Anthem ANTM 1.5 14 255.65 –10.78 18.47 ... ... .95 138.80 55.50 Avalara AVLR ... dd 134.14 +9.69 –.68 –.19 .01 ... 10.59 4.67 BaringsBDC BBDC 8.2 dd 7.81 +0.45 1.16 .62 .70 .16
94.07 44.37 AffiliatedMgrs AMG .1 18 71.35 –3.88 .31 11.86 ... .01 3.95 0.79 AnworthMtg ANH 17.1 dd 1.70 –0.08 –.65 .37 .25 .05 229.40 118.17 Avalonbay AVB 4.2 27 151.38 –3.71 5.63 4.16 4.30 1.59 5.10 1.11 Barnes&NobleEduc BNED ... dd 1.45 –0.25 –.52 –.27 .06 ...
93.04 61.13 AgilentTechs A .8 39 85.90 –2.83 3.37 3.11 3.57 .18 238.19 143.93 Aon AON .9 27 190.02 +3.23 6.37 ... 10.65 .44 57.24 35.62 Avangrid AGR 4.3 18 41.08 +0.18 2.26 2.22 2.43 .44 68.60 30.22 BarnesGroup B 1.7 12 37.25 –1.62 3.07 1.67 2.09 .16
69.66 31.00 AgnicoEagle AEM 1.3 36 61.51 +2.32 2.00 1.48 2.71 .20 55.68 24.53 ApartmtInv AIV 4.5 27 36.39 –1.76 3.15 .05 .04 .41 48.07 19.46 AvanosMedical AVNS ... dd 27.33 –1.81 –.96 .38 1.09 ... 28.50 12.65 BarrickGold GOLD 1.1 11 25.87 +1.38 2.26 .78 1.05 .07
80.51 45.23 AgreeRealty ADC 3.8 33 62.92 –4.56 1.93 1.73 1.78 .60 14.63 4.30 APi Group APG ... ... 12.22 –1.37 ... .88 1.13 ... 19.59 6.66 Avantor AVTR ... dd 16.76 –0.87 –.84 ... .85 ... 31.97 11.15 BauschHealth BHC ... dd 18.20 –1.38 –5.08 ... 4.52 ...
49.96 8.41 AirLease AL 2.1 6 27.94 –2.21 5.09 4.32 5.21 .15 19.76 4.12 ApolloComRlEst ARI 14.1 86 9.94 +0.11 1.40 1.34 1.12 .35 15.61 6.13 Avaya AVYA ... dd 12.70 –0.29 –6.06 3.03 3.62 ... 95.19 69.10 BaxterIntl BAX 1.2 43 84.31 –0.18 1.93 3.31 3.82 .245
257.01 167.43 AirProducts APD 2.3 27 236.02 +0.51 7.94 8.41 9.82 1.34 55.39 19.46 ApolloGlbMgmt APO 5.0 dd 46.24 –6.84 3.71 1.92 2.67 .42 141.09 76.96 AveryDennison AVY 2.1 16 109.83 –4.69 3.57 5.81 ... .58 1.78 0.19 BaytexEnergy BTE ... dd .48 +0.02 –.02 –3.51 –.27 ...
132.96 70.99 AlamoGroup ALG .5 18 95.34 –2.66 5.33 4.51 6.45 .13 16.88 4.48 AppleHospREIT APLE .0 16 9.31 –0.71 .77 –.46 .44 .10 53.00 32.09 Avista AVA 4.8 17 33.77 –1.56 2.97 1.97 2.11 .405 17.23 4.39 BeazerHomes BZH ... 10 9.23 –0.51 –2.60 ... ... ...
8.78 3.34 AlamosGold AGI ... 51 8.73 +0.74 .25 ... ... ... 70.62 30.66 AppliedIndlTechs AIT 2.2 69 58.96 –1.15 3.68 3.68 ... .32 32.20 12.92 AxaltaCoating AXTA ... 20 21.43 –0.66 1.06 .85 1.51 ... 286.72 197.75 BectonDicknsn BDX 1.4 70 233.57 –4.02 3.94 10.46 12.46 .79
72.22 20.02 AlaskaAir ALK .0 8 34.30 –1.99 6.19 –6.58 4.39 .375 126.20 79.84 Aptargroup ATR 1.3 30 107.72 +0.12 3.66 3.22 3.73 .36 30.89 13.69 AxosFinancial AX ... 7 19.75 –1.27 2.48 ... ... ... 61.04 25.54 Belden BDC .7 dd 29.88 –3.47 –9.37 ... 3.78 .05
92.05 30.46 AlbanyIntl AIN 1.4 16 54.34 –3.42 ... 2.77 3.22 .19 99.04 29.22 Aptiv APTV .0 8 74.13 –3.60 3.85 .91 3.93 .22 44.55 5.30 Azul AZUL ... dd 10.95 –1.18 –5.36 ... ... ... 24.03 13.56 BellRingBrands BRBR ... 9 18.13 –0.53 ... ... ... ...
99.40 48.89 Albemarle ALB 2.1 16 74.64 –3.71 5.02 4.46 5.27 .385 47.22 9.65 Aramark ARMK 2.0 49 21.54 –2.13 1.78 .34 2.59 .11 16.80 10.10 AzurePowerGlbl AZRE ... dd 15.70 –0.30 –.74 ... .03 ... 37.36 14.06 BenchmarkElec BHE 3.1 59 20.62 –0.07 .60 .88 1.27 .16
... ... Albertsons ACI ... ... 15.45 ... .11 1.27 1.23 ... 15.77 3.54 ArborRealty ABR 12.9 20 9.26 –0.41 1.27 .43 1.16 .30 79.92 43.05 Berkley WRB .9 22 55.41 –3.25 3.52 2.46 3.04 .12
B
24.63 5.16 Alcoa AA ... dd 10.93 –0.55 –6.07 ... ... ... 18.89 6.64 ArcelorMittal MT ... dd 10.16 –0.12 –2.42 ... 1.22 ... 347400 239440 BerkHathwy A BRK.A ... 44 263400 –8200.00 33.22 14056 15957 ...
65.37 39.37 Alcon ALC ... dd 58.03 –2.89 –1.34 1.12 ... ... 95.50 21.80 ArchResources ARCH .0 4 29.21 –1.60 13.52 –2.69 7.37 .50 231.61 159.50 BerkHathwy B BRK.B ... 44 175.37 –4.35 33.22 9.38 10.64 ...
25.38 8.32 Alexander&Baldwin ALEX .0 dd 11.67 –1.03 –.51 .42 .45 .19 47.20 28.92 ArcherDaniels ADM 3.7 14 38.93 –1.31 2.44 ... 3.29 .36 33.72 9.15 BerkshireHills BHLB 9.5 10 10.10 –1.06 1.97 .71 1.28 .24
394.70 223.03 Alexanders ALX 7.6 26 238.01 –19.26 11.74 6.23 11.90 4.50 11.43 2.09 Archrock AROC 9.3 51 6.21 +0.12 .70 –.07 .39 .145 26.39 10.39 B&G Foods BGS 7.8 18 24.30 –0.06 1.17 2.03 1.92 .475 55.26 25.00 BerryGlobal BERY ... 13 40.87 –3.40 3.00 4.00 4.75 ...
175.74 109.22 AlexandriaRlEst ARE 2.6 77 161.83 –4.01 3.12 2.52 2.24 1.06 19.69 5.80 Arconic ARNC ... ... 13.67 –1.73 ... 1.64 2.19 ... 5.09 1.11 BBX CapitalA BBX .0 dd 2.27 –0.05 ... ... ... .0125 91.99 48.11 BestBuy BBY 2.6 16 84.80 +3.60 5.75 5.22 6.20 .55
16.85 9.53 AlgonquinPwr AQN 4.9 17 12.68 –0.75 1.05 .66 .76 .1551 8.41 2.96 ArcosDorados ARCO 1.5 53 3.98 –0.18 ... –.51 .50 .03 49.58 31.66 BCE BCE 6.0 16 40.85 –1.74 2.54 2.33 2.51 .6008 44.90 10.13 BigLots BIG 2.8 6 43.04 +9.66 6.16 4.30 4.23 .30
231.14 151.85 Alibaba BABA ... 27 215.71 –4.93 8.15 61.73 76.23 ... 47.85 28.14 Arcosa ACA .5 16 39.41 –1.42 2.32 2.44 2.50 .05 6.54 4.10 BEST BEST ... dd 4.29 –0.57 ... –.64 1.09 ... 674.99 250.50 BiglariA BH.A ... dd 348.72 –61.28 ... –12.31 –5.29 ...
847.95 426.87 Alleghany Y .0 cc 475.90 –7.62 59.39 21.53 37.75 15.00 37.41 6.30 ArcusBiosci RCUS ... dd 22.76 –3.31 –1.93 –1.11 –1.10 ... 22.38 5.69 BG Staffing BGSF 1.9 9 10.31 –0.70 1.28 .55 1.00 .05 124.99 37.85 BiglariB BH ... dd 63.93 –11.28 ... –12.31 –5.29 ...
25.66 4.95 AlleghenyTechs ATI ... 5 9.39 –0.52 1.85 –.13 .13 ... 21.54 9.20 Ardagh ARD 4.9 cc 12.31 –0.87 ... 1.21 1.38 .15 59.02 29.78 BHP Group BHP 5.9 13 48.54 +0.58 3.40 ... 3.26 1.30 97.84 23.61 Bill.com BILL ... dd 89.74 +7.84 ... –.26 –.34 ...
139.24 77.37 Allegion ALLE 1.3 28 97.05 –5.69 4.29 5.22 5.54 .32 9.79 3.73 ArdmoreShipping ASC .0 dd 4.19 –0.53 –.69 1.25 .49 .05 51.87 23.64 BHP Group BBL 7.1 11 40.45 +0.82 3.40 ... ... 1.30 76.40 26.56 BiohavenPharm BHVN ... dd 70.00 –2.68 –10.91 –9.94 –5.73 ...
88.60 48.22 Allete ALE 4.7 15 52.48 –2.00 3.59 3.33 3.68 .6175 17.72 2.78 AresCommRealEst ACRE 14.4 21 9.14 +0.02 1.28 1.28 .94 .33 38.35 18.84 BJ'sWholesale BJ ... 20 35.61 –0.64 1.35 2.25 2.11 ... 497.42 303.82 Bio-RadLab A BIO ... 8 432.55 –19.41 ... 7.16 9.07 ...
159.41 20.51 AllianceData ADS 2.0 dd 42.87 –4.53 5.46 8.01 12.87 .21 41.88 20.20 AresMgmt ARES 4.1 cc 38.74 –0.28 1.06 1.68 2.18 .40 17.08 6.41 BP Midstream BPMP 12.0 7 11.29 –0.78 1.58 1.52 1.58 .3475 475.29 307.28 Bio-RadLab B BIO.B ... 8 436.97 –15.43 ... 6.97 8.88 ...
36.06 13.24 AllianceBernstein AB 10.6 10 25.31 –1.35 2.49 2.45 2.67 .64 47.73 29.91 Argan AGX 2.1 dd 47.13 +5.02 –2.73 .68 4.03 1.00 42.63 15.51 BP BP 10.9 19 22.76 –0.91 1.20 .10 1.37 .63 15.95 9.60 Bitauto BITA ... dd 15.81 –0.05 ... –4.89 6.31 ...
49.73 26.15 AllisonTransm ALSN 1.9 7 35.44 –1.17 4.91 2.41 3.57 .17 75.92 25.00 ArgoGroup ARGO 3.8 dd 32.55 –0.40 –.25 1.25 3.25 .31 16.58 2.77 BP Prudhoe BPT 37.4 2 3.50 –0.37 ... 4.22 4.98 .4242 87.12 48.07 BlackHills BKH 4.0 17 53.03 –1.36 3.28 3.57 3.87 .535
125.92 64.13 Allstate ALL 2.3 8 94.58 –4.15 14.03 10.75 10.88 .54 289.45 156.63 AristaNetworks ANET ... 21 210.63 –7.38 10.63 8.40 10.15 ... 9.96 2.27 BRF BRFS ... cc 3.96 –0.30 .09 .10 .18 ... 77.81 50.01 BlackKnight BKI ... 82 72.62 +0.89 .73 1.93 ... ...
35.42 10.22 AllyFinancial ALLY 4.0 7 18.85 –0.36 4.34 .62 2.89 .19 6.99 1.40 ArlingtonAsset AI .0 dd 2.85 +0.03 .31 .31 .35 .225 18.75 6.00 BRT Apartments BRT 8.2 cc 10.67 +0.01 .05 –.82 –.63 .22 15.73 4.04 BlackStoneMin BSM 5.2 5 6.21 –0.69 1.01 .77 .43 .08
19.84 7.74 AlpineIncmProp PINE 5.5 ... 14.64 –1.63 ... .13 .28 .20 5.13 1.20 ArloTech ARLO ... dd 2.46 –0.15 –1.14 –1.31 –.81 ... 2.41 0.42 B.Riley II Wt BMRG.WT ... ... 2.00 +1.28 ... ... ... ... 7.76 2.70 BlackBerry BB ... dd 4.72 –0.34 –.27 .06 .13 ...
10.80 3.59 AltaEquipment ALTG ... dd 8.01 –0.82 ... –.17 .65 ... 19.43 6.40 ArmadaHoffler AHH .0 23 9.57 +0.47 .41 .39 .38 .22 11.84 9.70 B.Riley II A BMRG ... ... 10.62 +0.81 ... ... ... ... 576.81 323.98 BlackRock BLK 2.7 20 534.85 –20.52 28.43 27.30 30.69 3.63
1.84 0.43 AltaEquipWt ALTG.WT ... ... 1.25 –0.06 ... ... ... ... 21.15 4.95 ArmourRes ARR 13.0 dd 9.23 +0.24 –4.59 1.27 ... .10 12.70 9.95 B.Riley II BMRG.UT ... ... 11.60 +1.45 ... ... ... ... 64.97 33.00 Blackstone BX 3.6 73 54.35 –4.65 ... ... 2.92 .39
168.56 75.17 Alteryx AYX ... cc 162.42 –1.14 ... .53 1.08 ... 10.38 1.12 ArmstrongFlooring AFI ... dd 2.68 –0.42 –2.42 –2.19 –.70 ... 70.57 40.40 BWX Tech BWXT 1.4 20 55.20 –3.07 2.55 2.80 ... .19 40.62 12.67 BlackstoneMtg BXMT 10.2 18 24.25 –0.76 2.35 2.31 2.20 .62
31.78 15.96 AlticeUSA ATUS ... 91 22.45 –1.81 ... .65 1.06 ... 111.46 62.03 ArmstrongWorld AWI 1.1 dd 71.70 –3.30 4.32 4.02 4.41 .20 5.45 0.77 Babcock&Wilcox BW ... dd 2.41 +0.08 –3.87 –1.87 –1.22 ... 29.62 11.29 BlockHR HRB 7.7 cc 13.50 –2.23 –.04 3.20 ... .26
52.45 30.95 Altria MO 8.8 dd 38.19 –2.50 –.70 4.27 4.51 .84 85.80 39.25 ArrowElec ARW ... dd 65.16 –1.08 –2.44 5.85 7.47 ... 70.83 41.50 BadgerMeter BMI 1.1 36 59.79 –3.03 1.61 1.54 1.73 .17 14.51 2.44 BloomEnergy BE ... dd 7.78 –1.65 ... –1.06 –.21 ...

The Week’s Statistics Bonus Tables: M37

Barron's 50-Stock Average ............. 35 Dividend Boosts - Reductions......... 39 Gold & Silver Prices......................... 38 N.Y. Stock Exchange ...................... 13 Stock Splits - Special Dividends ...... 39
Bonds ............................................ 25 Dividend Ex-Payment Dates ........... 39 Gold Mining Index ......................... 38 Nasdaq National Market................ 18 Stock Volume ................................ 35
Cash Track ..................................... 27 DJ Averages ................................... 34 Indexes P/Es & Yields ...................... 35 New Corporate Listings ................. 39 Top Savings Deposit Yields............. 33
Charting the Market ...................... 9 DJ U.S. Total Market Industry Groups 36 Initial Public Offerings.................... 36 New Highs & Lows ......................... 37 Trading Diary ................................. 34
Closed-End Funds.......................... 32 Dow Jones Averages ...................... 34 Investor Sentiment Readings ......... 38 NYSE Half-Hourly Volume .............. 36 Vital Signs...................................... 2
Week In Stocks............................... 35
Coming Earnings ...........................W11 Dow Jones Per Share Values ........... 35 Key Foreign Market Indexes ........... 26 Other Market Indexes .................... 34
Weekly Bond Statistics................... 38
Conference Call Calendar............... 37 Exchange Traded Portfolios ........... 22 Market Lab .................................... 34 Pulse of the Economy..................... 36
Winners & Losers Stocks ................ 10
Dates To Watch ............................. 29 Federal Reserve Data Bank ............. 38 Money Rates, U.S. & Foreign .......... 38 SEC Form 144 Filings ...................... 35
Delta Tactical Sentiment ................ 35 Foreign Exchange .......................... 38 Money Supply ............................... 38 Short Interest NASDAQ.................. 30 For statistical queries please contact the
Statistics Team: 609-520-4799
Distributions & Offerings ............... 35 Global Stock Markets..................... 26 Mutual Funds ................................ 27 Short Interest NYSE/NYSE Amer ..... 30 or email: barronsstats@barrons.com
M14 BARRON’S June 29, 2020

New York Stock Exchange Composite List

- Earnings - - Earnings - - Earnings - - Earnings -
52-Week Tick - Week’s - Last This Next Div 52-Week Tick - Week’s - Last This Next Div 52-Week Tick - Week’s - Last This Next Div 52-Week Tick - Week’s - Last This Next Div
High Low Name Sym Yld P/E Last Chg. Year Year Year Amt High Low Name Sym Yld P/E Last Chg. Year Year Year Amt High Low Name Sym Yld P/E Last Chg. Year Year Year Amt High Low Name Sym Yld P/E Last Chg. Year Year Year Amt
28.84 2.01 BlueApron APRN ... dd 10.58 +1.00 –4.67 –3.68 –2.49 ... 28.50 13.54 CarriageSvcs CSV 1.7 85 17.77 –1.35 .80 1.40 2.03 .075 116.81 37.66 Conmed CNMD 1.2 60 66.62 –3.35 .97 .42 3.02 .20 20.34 7.04 DynexCapital DX 11.3 dd 13.86 –0.47 –7.01 1.60 1.66 .13
12.06 3.25 BluegreenVac BXG .0 19 5.03 +0.01 .47 .17 ... .13 24.40 11.50 CarrierGlobal CARR 1.5 ... 20.97 –0.48 ... 1.37 1.69 .08 67.13 20.84 ConocoPhillips COP 4.2 13 40.35 –3.35 6.40 –.83 .31 .42 1.78 0.26 ECA Marcellus ECT 15.9 6 .48 +0.02 ... 1.03 1.13 .019
35.40 3.60 BlueLinx BXC ... dd 7.50 –1.02 –1.89 ... –.14 ... 22.25 3.25 Cars.com CARS ... dd 5.58 –0.94 –6.65 –12.16 .10 ... 95.10 62.03 ConEd ED 4.3 18 71.28 –0.16 4.08 4.29 4.59 .765 20.00 7.58 elfBeauty ELF ... 51 17.88 –0.32 .35 .49 ... ...
391.00 89.00 Boeing BA .0 dd 170.01 –17.01 –1.12 9.00 17.87 2.055 112.46 60.17 Carter's CRI .0 23 76.64 –7.62 5.85 3.08 5.94 .60 212.00 104.28 ConstBrands A STZ 1.8 dd 168.99 –12.42 –.07 ... 9.52 .75 93.54 41.85 EMCOR EME .5 11 63.63 +1.62 5.75 4.30 4.80 .08
41.14 20.08 BoiseCascade BCC 1.1 17 34.81 +0.35 2.06 1.38 ... .10 131.86 22.16 Carvana CVNA ... dd 117.41 –8.71 –2.45 –3.35 –2.07 ... 211.39 107.51 ConstBrands B STZ.B 1.6 dd 168.70 –14.06 –.07 ... 9.50 .68 33.52 12.10 ENI E 7.1 cc 18.91 –0.84 .09 –.26 .90 .934
26.75 8.25 BonanzaCreekEner BCEI ... 2 14.05 –2.98 3.24 3.30 2.83 ... 15.85 3.15 CasperSleep CSPR ... dd 8.50 –0.28 ... –2.57 –1.71 ... 15.10 3.90 Constellium CSTM ... cc 7.49 –0.35 .48 –.31 .63 ... 95.29 27.00 EOG Rscs EOG 3.1 13 48.76 –3.54 4.71 .34 ... .375
48.11 8.03 BootBarn BOOT ... 12 19.66 –2.14 1.64 ... ... ... 3.27 0.60 CastlightHealth CSLT ... dd .75 –0.01 –.28 –.13 ... ... 7.76 1.80 ContainerStore TCS ... 10 3.14 –0.04 .30 .16 .33 ... 257.98 151.97 EPAM Systems EPAM ... 50 244.38 –7.94 4.53 5.50 6.99 ...
82.22 54.37 BoozAllen BAH 1.7 22 74.39 –5.40 3.41 3.59 4.08 .31 80.52 31.04 Catalent CTLT ... cc 73.06 +1.84 .90 1.84 2.07 ... 43.57 6.90 ContinentalRscs CLR .0 14 15.10 –1.81 2.08 –1.52 –.18 .05 79.80 12.56 EPR Prop EPR .0 17 31.71 –4.97 2.32 .74 1.40 .3825
46.60 17.00 BorgWarner BWA 2.0 10 33.23 –1.01 3.61 1.76 3.30 .17 12.54 5.13 CatchMarkTimber CTT 6.4 dd 8.42 –0.13 –1.90 –.23 –.19 .135 13.45 2.94 Volaris VLRS ... 5 5.16 –0.80 ... –7.19 15.52 ... 17.16 4.21 EQT EQT .0 dd 10.65 –2.27 –4.79 ... ... .03
10.12 0.24 BorrDrilling BORR ... dd 1.15 –0.37 –2.78 –1.58 –1.69 ... 150.55 87.50 Caterpillar CAT 3.4 13 122.39 –5.07 10.74 4.90 6.92 1.03 52.71 1.93 ConturaEnergy CTRA ... dd 2.93 –1.22 –16.82 –9.08 –3.09 ... 107.10 62.64 ESCO Tech ESE .4 28 79.46 –1.30 3.10 2.40 3.27 .08
587.85 290.02 BostonBeer SAM ... 65 563.83 +30.01 ... 10.21 ... ... 19.73 7.56 Cato CATO .0 dd 8.07 –0.03 ... .75 .90 .33 365.68 236.68 Cooper COO .0 40 272.98 –26.14 9.33 8.60 14.33 .03 97.10 41.83 EagleMaterials EXP .0 43 68.91 –1.07 1.68 4.85 5.39 .10
147.83 71.57 BostonProps BXP 4.5 15 87.24 –3.52 3.30 ... 2.94 .98 64.86 13.00 CedarFairRec FUN .0 42 28.23 –4.91 3.03 ... ... .935 50.78 6.64 Cooper-Standard CPS ... dd 12.54 –1.58 3.92 –8.75 –.70 ... 7.23 1.44 EarthstoneEner ESTE ... 2 2.77 –0.19 .02 ... ... ...
46.62 24.10 BostonSci BSX ... 11 33.28 –3.31 3.33 .96 1.70 ... 3.69 0.53 CedarRealty CDR 3.8 dd 1.06 +0.05 –.12 –.12 –.12 .01 32.33 13.82 CooperT&R CTB 1.6 17 25.78 –0.37 1.91 1.03 2.37 .105 29.70 17.90 EasterlyGovtProp DEA 4.6 cc 22.77 –0.73 .10 ... .14 .26
22.09 8.64 Box BOX ... dd 21.48 +1.69 –.98 .50 .69 ... 128.88 52.70 Celanese CE 3.0 14 82.78 –3.94 6.84 8.89 10.36 .62 9.93 4.55 CooTekCayman CTK ... dd 6.89 +0.06 ... .57 1.16 ... 142.69 83.40 EastGroup EGP 2.6 35 113.73 –3.82 3.24 2.45 2.30 .75
36.22 6.44 BoydGaming BYD .0 dd 19.63 –1.51 1.38 ... ... .07 9.29 2.63 Celestica CLS ... dd 6.38 –0.02 ... .63 ... ... 116.88 24.00 Copa CPA 6.8 9 47.28 –1.89 ... –4.98 2.98 .80 83.99 34.44 EastmanChem EMN 3.9 11 67.28 –2.21 5.48 5.91 7.23 .66
59.11 33.00 Brady BRC 2.0 20 44.10 –3.32 2.46 ... 2.48 .2175 4.36 1.80 CellcomIsrael CEL ... dd 3.94 +0.15 –.25 .01 .03 ... 56.03 6.68 CoreLabs CLB .2 dd 19.66 +0.16 2.30 .65 .62 .01 4.78 1.50 EastmanKodak KODK ... dd 2.30 –0.06 2.23 –2.43 –.70 ...
10.39 1.14 BraemarHtls BHR .0 dd 2.60 –0.71 –.32 –3.54 –1.62 .16 9.82 5.54 CementosPacasm CPAC ... 17 7.85 –0.15 .46 .33 .37 ... 20.92 8.33 CoreCivic CXW .0 6 9.02 –0.82 1.59 1.06 1.44 .44 105.78 56.42 Eaton ETN 3.4 17 85.50 –3.84 5.25 3.68 ... .73
16.25 7.48 BrandywineRealty BDN 7.0 51 10.83 +0.47 .19 .16 .08 .19 4.37 1.55 Cemex CX ... 51 2.74 –0.12 ... ... .14 ... 68.40 24.69 CoreLogic CLGX 1.3 67 67.95 +18.26 .61 2.92 ... .22 51.79 23.59 EatonVance EV 4.1 11 36.76 –3.47 ... 3.51 3.12 .375
4.98 2.50 BrasilAgro LND 5.4 8 3.71 +0.03 .85 ... ... .2028 10.82 1.41 CenovusEnergy CVE .0 24 4.45 –0.08 1.34 –1.49 –.34 .0379 49.75 8.45 CorEnergyInfr CORR 2.3 dd 8.74 –2.60 –.40 –24.30 –.76 .05 231.36 124.60 Ecolab ECL 1.0 36 191.75 –8.00 4.88 4.72 5.69 .47
19.72 3.86 Braskem BAK 4.5 dd 8.35 –1.21 –1.78 –1.35 .08 .3753 74.70 41.62 Centene CNC ... 30 59.75 –4.47 3.14 4.86 5.74 ... 13.15 2.18 CorePoint CPLG .0 dd 3.91 –0.13 –3.71 –3.44 –2.63 .20 20.96 6.28 Ecopetrol EC 7.3 6 10.99 –0.32 1.96 .37 .93 .5352
10.51 1.15 Briggs&Stratton BGG .0 dd 1.46 –0.12 –1.31 –1.83 –.96 .05 30.71 11.58 CenterPointEner CNP 3.4 dd 17.70 –0.09 1.33 1.34 1.39 .15 128.47 90.07 Coresite COR 4.1 60 118.64 –2.85 2.05 1.79 1.94 1.22 38.97 20.51 EdgewellPersonal EPC ... dd 29.19 +0.76 –6.88 ... ... ...
23.29 5.86 BrighamMin MNRL 12.0 33 11.76 –0.52 .26 .13 .33 .37 11.69 2.96 CentraisElBras EBR ... 4 5.46 –0.20 1.97 .78 .84 ... 9.79 2.54 CornerstoneBldg CNR ... dd 5.60 –0.48 –.12 ... .24 ... 78.93 43.63 EdisonInt EIX 4.7 16 54.82 –0.84 3.77 ... ... .6375
176.98 64.23 BrightHorizons BFAM ... 39 110.26 –4.84 3.05 .62 3.31 ... 30.56 12.40 CentralPacFin CPF 6.2 8 14.93 –0.97 2.03 1.18 .91 .23 34.26 17.44 Corning GLW 3.5 81 25.41 –1.29 1.07 ... ... .22 82.55 51.51 EdwardsLife EW ... 39 67.13 –3.11 1.64 1.64 2.13 ...
10.41 5.51 BrightScholarEduc BEDU 1.1 23 7.76 –0.31 .29 .36 .50 .088 9.99 1.86 CentralPuerto CEPU 3.8 3 2.61 +0.14 1.21 .86 1.60 .0988 8.48 1.61 CorpAmAirports CAAP ... dd 2.19 –0.35 .06 –.71 .40 ... 26.67 10.70 8x8 EGHT ... dd 15.47 +0.32 –1.72 –.29 .02 ...
12.94 3.61 BrightSphere BSIG .3 5 11.88 +1.81 2.45 1.40 1.55 .01 39.31 9.04 CenturyComm CCS ... 8 28.74 –1.20 3.62 3.55 3.58 ... 30.57 15.23 CorpOfficeProp OFC 4.5 14 24.66 –0.70 1.71 .88 .91 .275 74.44 61.74 ElPasoElectric EE 2.5 33 66.12 –0.31 3.01 2.84 3.02 .385
20.27 6.85 BrightView BV ... 47 10.80 –0.75 .43 1.20 1.09 ... 15.30 8.16 CenturyLink CTL 10.5 8 9.51 –0.64 –4.92 1.29 ... .25 32.78 20.38 Corteva CTVA 2.0 dd 25.92 –1.21 –1.28 1.41 1.65 .13 35.23 15.17 ElancoAnimal ELAN ... dd 21.16 –1.10 .18 .67 1.00 ...
47.57 7.00 BrinkerIntl EAT .0 7 22.27 –1.94 3.96 1.73 2.87 .38 83.89 38.40 CeridianHCM CDAY ... cc 79.91 +2.38 .53 .37 .56 ... 23.70 8.56 Cosan CZZ ... 8 14.83 –0.47 ... 4.52 6.01 ... 57.00 30.73 ElancoAnimalUn ELAT 6.5 ... 38.50 –1.41 ... ... ... .625
97.12 33.17 Brink's BCO 1.4 cc 43.89 –0.09 .57 1.60 3.74 .15 34.80 2.89 ChampionX CHX ... dd 9.35 –0.43 .67 –.47 –.24 ... 10.85 3.16 Costamare CMRE 7.5 6 5.36 +0.13 .59 1.04 1.17 .10 104.10 39.01 Elastic ESTC ... dd 92.11 +1.44 –2.12 –.97 ... ...
68.34 42.48 Bristol-Myers BMY 3.1 71 57.54 +1.13 2.01 6.21 7.46 .41 14.74 4.39 ChannelAdvisor ECOM ... 54 14.59 +1.14 .12 .67 .76 ... 13.54 3.02 Coty COTY .0 dd 4.18 –0.54 –5.04 .16 ... .125 11.29 4.60 EldoradoGold EGO ... 15 9.28 +0.67 .51 .90 ... ...
4.76 1.94 Bristol-MyersRt BMY.RT ... ... 3.40 +0.39 ... 6.14 7.46 ... 5.93 0.21 ChaparralEnergy CHAP ... dd .69 –0.13 –10.28 ... ... ... 42.99 21.15 CousinsProperties CUZ 4.1 91 29.22 –1.52 1.17 1.68 .74 .30 12.74 5.35 ElementSolns ESI ... 27 10.23 –0.55 .35 .79 .94 ...
0.74 0.27 Bristol-MyersRt CELG.RT .0 ... .42 –0.02 ... ... ... .1479 5.73 1.28 CharahSolutions CHRA ... dd 2.02 +0.48 –1.43 .04 .18 ... 18.24 6.57 Covanta CVA 3.5 dd 9.10 –0.15 .07 –.28 –.10 .08 5.98 0.89 ElevateCredit ELVT ... 5 1.65 –0.32 .73 ... .14 ...
35.91 10.50 Bristow VTOL ... dd 13.53 –1.06 –.17 –.20 ... ... 189.85 95.58 CharlesRiverLabs CRL ... 34 169.98 –7.21 5.07 6.89 ... ... 2.89 0.36 Covia CVIA ... dd .47 –0.11 –9.81 –1.59 ... ... 19.12 3.24 EllingtonFin EFC 9.4 dd 11.51 –0.34 1.76 –.80 1.34 .09
45.64 27.32 BritishAmTob BTI 6.8 12 38.75 –0.42 3.19 4.18 4.47 .6721 19.14 3.44 ChathamLodging CLDT .0 dd 5.72 –0.57 .39 –1.14 –.61 .11 91.23 36.77 Crane CR 3.1 30 56.35 +1.36 2.20 ... 4.87 .43 11.88 2.70 EllingtonResiMtg EARN 11.1 dd 10.08 –0.32 1.79 1.02 .90 .28
22.74 7.51 BrixmorProp BRX .0 14 12.54 –0.12 .92 .62 .60 .285 4.58 1.64 CheetahMobile CMCM .0 dd 1.70 –1.84 ... –2.27 1.18 1.42 11.90 5.43 Crawford A CRD.A 1.5 dd 7.85 +0.75 .19 .45 .58 .03 19.00 9.33 EmbotellAndinaA AKO.A 3.8 8 12.40 –0.55 1.49 .88 .97 .1447
12.81 5.44 BroadmarkRealty BRMK 10.2 78 9.10 –1.43 ... .88 1.30 .06 70.57 25.89 Chegg CHGG ... dd 65.42 –2.39 –.08 1.12 1.37 ... 10.79 4.95 Crawford B CRD.B 1.6 dd 7.35 +0.36 .19 .45 .58 .03 21.79 10.15 EmbotellAndinaB AKO.B 3.4 10 15.29 –1.41 1.64 .88 .97 .1592
1.84 0.15 BroadmarkRltyWt BRMK.WT ... ... .30 –0.02 ... ... ... ... 513.75 330.01 Chemed CHE .3 32 444.66 –11.35 13.31 16.13 17.53 .32 240.88 118.00 Credicorp BAP 6.4 11 135.10 –12.83 16.08 36.17 48.92 2.3825 20.92 3.99 Embraer ERJ ... dd 5.68 –0.89 –1.81 –1.99 –.46 ...
136.99 81.90 BroadridgeFinl BR 1.7 35 124.64 +1.31 4.06 ... ... .54 25.14 7.02 Chemours CC 6.7 dd 14.83 –1.00 –.32 ... 2.27 .25 14.12 6.47 CreditSuisse CS .6 6 9.99 –0.11 1.36 1.08 1.29 .0713 12.66 1.50 EmeraldHldg EEX .0 dd 2.91 –0.19 –.70 .43 .41 .075
8.80 1.47 BrookdaleSrLiving BKD ... 3 2.60 –0.22 –1.44 –1.29 –1.10 ... 16.34 2.76 CherryHillMtg CHMI 12.0 dd 9.00 –0.22 –3.11 1.37 1.35 .27 4.84 0.51 CrescentPoint CPG .5 dd 1.58 –0.07 –1.42 –.32 –.46 .0076 93.58 39.11 EmergentBiosol EBS ... 58 75.28 +3.40 1.04 3.57 4.14 ...
45.61 21.57 BrookfieldMgt BAM 1.5 27 32.51 –1.55 ... ... ... .12 430.00 7.77 ChesapeakeEner CHK ... dd 11.85 –0.92 –50.00 –87.46 –121.35 ... 40.00 2.65 CrestwoodEquity CEQP 18.0 6 13.86 –1.74 ... ... ... .625 78.38 37.75 EmersonElec EMR 3.3 17 59.87 –2.11 3.71 2.97 3.14 .50
46.88 18.60 BrookfieldBusPtr BBU .8 dd 30.20 –3.29 .62 2.57 4.20 .0625 101.29 69.47 ChesapeakeUtil CPK 2.2 22 80.50 –3.86 3.96 4.06 4.41 .44 9.59 1.96 CrestwoodEqUn CEQP.PR 15.1 ... 5.58 –0.45 ... ... ... .2111 15.36 6.26 EmpireStateRealty ESRT 6.4 24 6.52 –0.33 ... .05 .04 .105
51.80 32.54 BrookfieldInfr BIPC 4.4 ... 44.36 –6.23 ... 1.44 1.58 .485 127.00 51.60 Chevron CVX 6.0 43 86.46 –4.17 1.54 .96 2.96 1.29 12.82 4.01 CrossTimbers CRT 12.2 7 7.34 +0.09 ... ... ... .0427 45.23 25.53 EmployersHldgs EIG 3.4 14 29.40 –0.42 4.83 1.20 1.50 .25
50.74 23.22 BrookfieldInfr BIP 4.9 cc 39.72 –2.74 .07 .57 .85 .485 52.77 20.62 Chewy CHWY ... dd 46.94 –3.36 ... ... ... ... 19.79 6.81 CrossAmerPtrs CAPL 15.5 5 13.55 –2.44 .51 2.02 .50 .525 21.92 2.54 EmpresaDisCom EDN ... 1 3.99 –0.13 ... –1.52 ... ...
57.69 30.09 BrookfieldRenew BEP 4.6 dd 47.41 –1.56 –.19 .13 .52 .5425 5.14 0.93 Chico'sFas CHS .0 dd 1.28 –0.11 –.11 –.89 –.09 .09 176.85 114.18 CrownCastle CCI 3.0 84 161.33 –9.12 1.79 2.17 2.75 1.20 14.48 1.61 EnableMidstream ENBL 13.8 6 4.79 –0.72 .82 ... .58 .1653
48.69 30.70 Brown&Brown BRO .8 26 40.08 –1.05 1.40 1.42 1.53 .085 22.99 6.42 ChimeraInvt CIM 12.9 dd 9.33 –0.93 1.81 1.55 1.41 .30 80.57 42.97 CrownHoldings CCK ... 17 63.70 –1.97 3.78 5.01 5.60 ... 43.15 22.57 Enbridge ENB ... 40 29.63 –1.47 1.99 1.84 1.97 ...
68.15 41.03 Brown-Forman A BF.A 1.3 32 54.97 –2.93 ... 1.63 1.85 .1743 11.99 3.89 ChinaDistanceEd DL .0 11 8.52 –0.06 .64 .29 .97 .56 33.00 12.63 CryoLife CRY ... dd 18.08 –0.81 .05 –.47 .02 ... 83.30 48.01 EncompassHealth EHC 1.9 17 59.31 –4.93 3.61 3.07 4.02 .28
72.85 44.68 Brown-Forman B BF.B 1.1 35 61.00 –4.32 ... 1.63 1.85 .1743 30.95 15.80 ChinaEastrnAir CEA ... 12 18.10 –0.87 ... –2.39 2.18 ... 36.32 19.61 CubeSmart CUBE 5.0 30 26.31 –0.60 .88 .80 .75 .33 56.76 27.21 Endava DAVA ... 99 50.58 +2.78 .62 .95 .98 ...
67.39 25.22 Brunswick BC 1.5 cc 62.36 +2.28 –1.53 2.98 4.19 .24 6.65 1.80 ChinaGreenAg CGA ... dd 2.49 –0.48 3.42 ... ... ... 75.20 30.86 Cubic CUB .6 cc 46.20 +0.85 1.62 2.80 3.70 .135 3.20 0.99 EndeavourSilver EXK ... dd 2.14 +0.34 –.36 ... ... ...
28.52 11.76 Buckle BKE .0 9 14.82 –0.64 2.14 .94 1.75 1.25 14.70 8.27 ChinaLifeIns LFC 4.4 8 10.06 –0.19 .29 1.23 ... .5134 100.79 47.69 Cullen/Frost CFR 4.0 12 70.38 –8.19 6.84 3.50 4.12 .71 11.21 5.22 EnelAmericas ENIA 6.9 7 7.54 –0.03 1.23 .80 .85 .4394
17.85 5.12 Buenaventura BVN .9 dd 8.83 +0.18 –.05 –.20 .57 .027 46.03 30.12 ChinaMobile CHL 5.5 9 34.05 –0.92 3.77 3.69 3.84 .8765 19.63 5.28 Culp CULP 5.2 45 8.03 +0.18 .45 ... ... .105 5.11 2.95 EnelChile ENIC 6.3 13 3.80 +0.11 .30 281.57 299.79 .2164
5.90 1.01 Build-A-Bear BBW ... dd 2.08 –0.27 .02 –2.24 .09 ... 37.19 3.68 ChinaOnlineEduc COE ... cc 22.60 –4.71 ... 1.01 2.01 ... 186.73 101.03 Cummins CMI 3.1 12 168.75 –5.54 14.48 ... 10.51 1.311 53.84 26.60 Energizer ENR 2.7 dd 45.28 –1.77 .58 2.76 3.34 .30
59.65 29.00 Bunge BG 5.0 dd 40.22 –0.41 –9.34 2.83 4.23 .50 69.63 41.31 ChinaPetrol SNP 9.2 8 42.38 –1.63 ... 2.36 4.79 1.708 149.90 70.56 CurtissWright CW .8 12 84.37 –4.44 7.15 6.45 7.07 .17 15.26 3.75 EnergyTransfer ET 17.3 10 7.06 –0.91 1.36 .87 1.23 .305
250.89 105.67 BurlingtonStrs BURL ... cc 194.43 –12.24 6.91 –1.03 7.32 ... 8.80 0.51 ChinaRapidFin XRF ... ... 2.77 +0.12 ... –1.23 3.20 ... 20.80 6.84 Cushman&Wkfd CWK ... dd 11.91 –0.80 ... .93 1.45 ... 27.94 13.28 EnerpacTool EPAC .2 dd 16.70 –1.21 –4.04 .26 .65 .04
20.73 8.13 BylineBancorp BY 1.0 10 11.79 –0.71 1.48 .83 .87 .03 36.43 18.45 ChinaSoAirlines ZNH 1.4 14 22.34 –0.88 ... –3.13 2.71 .3646 25.72 8.36 CustomersBancorp CUBI ... 7 10.96 –0.75 2.05 3.10 2.29 ... 8.43 1.15 Enerplus ERF 3.5 dd 2.53 –0.36 –.84 .10 .13 .0074
51.07 26.66 ChinaTelecom CHA ... 24 28.31 –1.27 ... 3.61 3.84 ... 10.14 3.09 CypressEnvl CELP 19.3 9 4.36 –0.04 .88 –.30 .38 .21 78.97 35.21 EnerSys ENS 1.2 19 60.66 –2.69 3.20 4.09 5.38 .175
C 11.15 5.08 ChinaUnicom CHU ... 10 5.54 –0.22 .54 .56 .65 ... 10.78 0.88 EnLinkMid ENLC 35.3 dd 2.40 –0.34 –2.41 –.23 –.04 .0938
16.00
1087.00
7.77
415.00
ChinaYuchai
Chipotle
CYD
CMG
6.1
... 87
8 13.93
1033.15
+0.16
+22.32
2.14
12.38
11.10
9.21
16.15
19.01
.85
... DE 22.21
29.33
13.98
7.84
Ennis
EnovaIntl
EBF
ENVA
5.3
...
13
84
16.83
14.34
+0.32
+0.27
1.47
1.06
1.05
1.57
1.46
3.80
.225
...
288.59 156.15 CACI Intl CACI ... 20 215.10 –21.94 10.46 ... 13.97 ... 109.26 46.25 ChoiceHotels CHH .0 17 75.97 –6.59 3.98 2.28 4.07 .225 73.80 30.04 EnPro NPO 2.3 28 45.77 –1.40 1.85 1.14 1.92 .26
29.57 10.13 CAI Intl CAI ... cc 15.87 –0.60 1.23 1.79 2.39 ... 167.74 87.35 Chubb CB 2.5 15 123.96 –3.99 9.71 9.46 10.91 .78 31.49 2.20 DCP Midstream DCP 13.7 dd 11.35 –1.58 –1.05 –.58 ... .39 6.31 0.75 Entercom ETM 6.0 dd 1.34 –0.45 ... .14 .49 .02
25.34 9.39 CBD Pao CBD 1.1 cc 12.54 –0.41 .78 ... .88 .1052 38.50 33.61 ChunghwaTel CHT 2.9 28 38.25 +0.47 1.37 ... ... 1.4187 4.28 1.78 DHI Group DHX ... 25 1.95 –0.60 .24 –.01 .27 ... 135.55 75.19 Entergy ETR 4.1 17 91.66 –2.86 6.30 5.56 5.95 .93
28.73 16.85 CBIZ CBZ ... 18 23.04 –0.34 1.26 1.18 1.41 ... 80.99 47.98 Church&Dwight CHD 1.3 29 76.15 –1.37 2.44 2.72 2.92 .24 8.83 4.77 DHT DHT 14.7 7 5.04 –0.28 .51 2.13 ... .35 30.87 10.27 EnterpriseProd EPD 10.1 8 17.63 –1.47 2.09 2.03 1.91 .445
1.78 0.18 CBL Assoc CBL ... dd .29 –0.01 –.89 –.87 –.44 ... 12.50 9.82 ChurchillCapII CCX.UT ... ... 11.77 –0.12 ... ... ... ... 15.38 2.69 DRDGOLD DRD 2.1 95 15.12 +2.47 .08 ... .61 .1315 3.50 1.10 Entravision EVC 7.3 dd 1.37 –0.44 ... –.51 .01 .025
64.75 29.17 CBRE Group CBRE ... 11 43.04 –3.70 3.77 2.78 3.42 ... 11.20 9.25 ChurchillCapIIA CCX ... cc 10.86 –0.18 ... ... ... ... 52.47 28.00 DTEEnergy DTP 7.6 ... 41.36 –0.46 ... ... ... .7813 87.75 45.53 Envestnet ENV ... dd 69.60 –5.25 –.33 2.06 2.66 ...
10.72 9.14 CC Neuberger I PCPL.UT ... ... 10.44 –0.06 ... ... ... ... 2.95 0.60 ChurchillCapCorp.IIWt CCX.WT ... ... 2.65 +0.21 ... ... ... ... 135.67 71.21 DTE Energy DTE 3.9 18 104.12 +0.36 6.31 ... ... 1.0125 33.30 10.08 Envista NVST ... 18 19.74 –0.99 1.60 .31 ... ...
10.99 9.78 CC NeubergerI A PCPL ... ... 10.12 +0.09 ... ... ... ... 11.38 9.20 ChurchillCapIII CCXX.UT ... ... 10.97 +0.11 ... ... ... ... 57.23 7.90 DXC Tech DXC .0 dd 15.48 +0.05 –20.76 ... ... .21 39.30 20.63 EnvivaPartners EVA 7.5 cc 35.26 –0.47 –.54 1.56 1.97 .68
1.85 1.38 CC NeubergerI Wt PCPL.WT ... ... 1.38 –0.27 ... ... ... ... 10.53 9.66 ChurchillCapIII CCXX ... ... 10.27 +0.02 ... ... ... ... 20.71 4.22 Dana DAN .0 10 10.98 –0.84 1.56 .22 1.84 .10 4.85 1.56 EnzoBiochem ENZ ... dd 2.29 +0.04 .05 ... –.39 ...
55.15 19.73 CF Industries CF 4.4 13 27.45 –2.44 2.23 1.58 1.58 .30 3.13 1.19 ChurchCapIII Wt CCXX.WT ... ... 2.80 +0.15 ... ... ... ... 178.73 119.60 Danaher DHR .4 45 171.71 –1.24 4.05 4.97 5.89 .18 180.07 103.01 Equifax EFX .9 76 167.53 –0.37 –3.27 4.64 5.64 .39
87.13 46.32 CGI GIB ... 18 62.43 –1.29 3.49 3.39 3.72 ... 57.19 30.58 Ciena CIEN ... 26 53.47 –0.15 1.61 2.60 3.03 ... 13.12 2.50 Danaos DAC ... 1 3.74 –0.29 8.29 6.24 6.37 ... 21.04 8.41 Equinor EQNR 6.0 25 14.27 –0.22 .55 .51 1.11 .27
53.40 12.02 CIT Group CIT 7.3 dd 19.20 –3.55 5.27 2.95 ... .35 224.64 118.50 Cigna CI .0 14 185.06 –6.34 13.44 18.43 ... .04 81.46 35.73 DaqoNewEnergy DQ ... 18 69.76 +9.78 ... 7.22 10.41 ... 27.30 9.89 Equitable EQH 3.6 2 18.99 –0.69 –3.51 ... 4.93 .17
10.28 9.14 CITICCapAcqn CCAC.UT ... ... 9.99 –0.01 ... ... ... ... 61.16 12.15 CimarexEnergy XEC 3.4 dd 25.96 –3.13 –1.33 –.29 .91 .22 128.41 26.15 Darden DRI .0 dd 72.95 +2.68 –.43 3.08 5.52 .88 20.10 3.75 EquitransMdstm ETRN 7.0 dd 8.58 –0.34 –.80 1.39 ... .15
10.58 9.51 CITICCapAcqnA CCAC ... ... 9.85 +0.05 ... ... ... ... 16.05 3.19 CincinnatiBell CBB ... dd 14.85 –0.11 –1.53 –1.00 –.62 ... 29.57 10.25 DarlingIngred DAR ... 10 23.25 –0.72 1.86 1.43 1.59 ... 35.08 27.62 EquityCommnwlth EQC .0 6 31.68 +0.12 3.90 .97 1.19 3.50
0.57 0.30 CITICCapAcqnWt CCAC.WT ... ... .40 –0.03 ... ... ... ... 41.60 5.71 Cinemark CNK .0 14 11.39 –2.67 1.63 –3.10 .63 .36 90.15 50.68 DaVita DVA ... 12 75.56 –3.99 5.27 6.07 6.56 ... 77.55 41.97 EquityLife ELS 2.2 48 61.98 –2.30 1.54 1.15 1.29 .3425
69.17 46.03 CMS Energy CMS 2.9 23 56.52 –1.41 2.39 2.63 ... .4075 19.83 9.43 CinerRscs CINR 10.5 6 12.90 +0.11 2.46 2.79 3.11 .34 218.19 78.70 DeckersOutdoor DECK ... 19 186.11 –9.90 9.62 ... ... ... 89.55 49.62 EquityResdntl EQR 4.2 18 57.00 –2.58 2.60 1.57 ... .6025
51.30 25.18 CNA Fin CNA 4.7 14 31.44 –1.11 3.67 2.81 3.84 .37 47.80 8.00 CircorIntl CIR ... dd 23.05 –0.31 –6.73 1.24 2.45 ... 181.99 106.14 Deere DE 2.0 17 149.04 –5.83 10.15 6.07 8.40 .76 1.89 0.74 EquusTotReturn EQS ... dd 1.19 +0.07 .16 .18 .30 ...
11.99 5.06 CNH Indl CNHI ... 8 6.78 +0.01 1.05 –.06 .46 ... 83.11 32.00 Citigroup C 4.1 7 49.58 –3.34 8.04 2.96 6.18 .51 33.69 5.51 DelekLogistics DKL 15.4 8 22.76 –3.58 2.61 3.23 3.80 .89 4.91 1.10 ErosIntl EROS ... dd 2.90 –0.22 –5.99 –.15 .27 ...
20.93 8.79 CNO Financial CNO 3.2 7 14.82 –0.53 2.61 1.81 2.00 .12 41.29 14.12 CitizensFin CFG 6.5 8 23.16 –2.19 3.81 .96 2.80 .39 44.08 7.79 DelekUS DK 7.3 dd 16.51 –2.49 4.06 ... .67 .31 55.84 17.52 EssentGroup ESNT 1.9 6 34.23 –1.83 5.66 ... ... .16
181.13 81.11 CNOOC CEO 8.0 6 111.76 –2.00 19.83 ... ... 3.7654 7.72 3.55 Citizens CIA ... dd 5.59 –0.03 –.03 .11 .12 ... 59.17 25.51 DellTechC DELL ... 9 52.25 +3.33 ... ... 6.54 ... 29.34 6.08 EssentialProp EPRT 5.9 24 15.63 –1.46 .63 .64 .66 .23
16.94 5.20 CNX Midstream CNXM 19.2 3 6.69 –1.23 2.44 ... 1.77 .0829 14.50 6.50 CityOfficeREIT CIO 5.9 dd 10.13 +0.17 –.13 ... ... .15 20.84 5.39 DelphiTechs DLPH ... dd 13.37 –0.53 .19 –.11 2.42 ... 54.52 30.40 EssentialUtil WTRG 2.3 37 41.14 –0.87 1.04 ... 1.66 .2343
14.19 4.26 CNX Resources CNX ... dd 8.33 –1.48 –.42 .36 .34 ... 1.81 0.34 Civeo CVEO ... dd .62 –0.01 –.36 –.13 –.22 ... 63.44 17.51 DeltaAir DAL .0 5 26.91 –2.60 7.30 –2.72 5.01 .4025 70.71 41.66 EssentialUtilUn WTRU 5.5 ... 54.99 –1.31 ... ... ... .75
16.72 3.95 CONSOL Coal CCR .0 4 4.26 –0.14 1.62 ... ... .5125 24.98 14.70 Clarivate CCC ... dd 22.05 –0.45 –.77 .56 .75 ... 54.15 18.90 Deluxe DLX 5.4 dd 22.35 +0.11 –4.65 3.50 4.88 .30 334.17 175.81 EssexProp ESS 3.7 23 224.79 –8.99 6.66 8.27 4.61 2.0775
27.08 3.35 CONSOL Energy CEIX ... 2 5.11 –0.97 2.81 .01 –.32 ... 88.40 29.45 CleanHarbors CLH ... 30 57.59 –3.64 1.74 .82 1.67 ... 1.68 0.16 DenburyRscs DNR ... 1 .35 –0.03 .45 –.05 ... ... 220.42 137.01 EsteeLauder EL .0 52 184.14 –6.16 ... ... ... .48
40.88 17.73 CRH CRH 2.7 14 33.81 –0.86 2.69 1.66 2.07 .7042 4.76 0.36 ClearChannelOutdr CCO ... dd 1.00 –0.22 –.88 –1.24 –.63 ... 19.93 2.60 DesignerBrands DBI 6.7 dd 5.97 –0.69 ... –2.35 1.06 .10 21.65 8.38 EthanAllen ETH .0 17 11.15 –0.73 .96 ... ... .21
34.29 17.92 CTS CTS .8 23 19.61 –0.50 1.09 .53 1.13 .04 38.83 11.88 ClearwaterPaper CLW ... cc 33.88 –1.40 –.34 1.80 .92 ... 15.44 4.44 Despegar.com DESP ... dd 7.15 –0.74 –.30 –.99 .22 ... 13.21 7.21 Euronav EURN 13.9 5 7.92 –0.61 .52 3.23 .85 .81
16.99 3.43 Curo CURO 2.9 3 7.61 –0.63 2.43 1.42 2.43 .055 22.83 15.29 ClearwayEnergyA CWEN.A 4.0 dd 20.65 –0.98 –.10 1.41 1.22 .21 11.16 4.99 DeutscheBank DB ... dd 9.00 –0.22 –3.03 –.57 .23 ... 22.90 5.71 Eventbrite EB ... dd 8.00 –1.13 ... –2.63 –.65 ...
55.52 13.81 CVR Energy CVI 8.4 10 19.04 –3.27 3.78 –1.39 1.14 .40 25.09 16.12 ClearwayEnergyC CWEN 3.6 dd 22.71 –1.00 –.10 1.41 1.22 .21 29.36 4.70 DevonEnergy DVN 4.0 dd 10.94 –2.00 –.89 –.34 –.36 .11 91.59 33.25 EvercoreA EVR 4.2 9 55.58 –2.17 6.89 3.08 5.59 .58
4.13 0.60 CVR Partners UAN 23.1 dd .91 –0.08 –.31 –.65 –.57 .07 11.61 2.63 Cleveland-Cliffs CLF .0 6 5.29 –0.31 1.03 ... ... .06 176.22 100.52 Diageo DEO 2.6 20 133.46 –8.93 6.77 5.43 5.92 1.3623 294.31 157.32 EverestRe RE 3.1 12 200.87 –14.86 24.70 ... ... 1.55
77.03 52.04 CVS Health CVS 3.2 11 63.45 –1.04 5.08 7.12 ... .50 12.05 4.32 ClipperRealty CLPR 5.0 dd 7.54 +0.45 –.11 –.01 .05 .095 17.50 7.63 DiamondSShip DSSI ... 9 7.90 –0.92 –.25 ... ... ... 76.57 42.01 Evergy EVRG 3.5 21 58.11 –1.24 2.79 3.08 3.25 .505
2044.41 1031.39 CableOne CABO .5 47 1714.18 –85.82 31.12 41.51 43.36 2.25 219.38 144.12 Clorox CLX 2.1 32 215.30 –2.34 6.32 6.87 7.13 1.11 11.79 1.96 DiamndrckHspty DRH .0 7 5.05 –0.61 .90 –.75 –.22 .125 14.88 1.55 Everi EVRI ... dd 4.95 –0.92 .21 –1.05 .07 ...
50.58 20.00 Cabot CBT 4.0 20 35.26 –1.90 2.63 ... ... .35 13.93 4.76 Cloudera CLDR ... dd 13.69 +0.88 –1.20 .28 .43 ... 4.15 1.25 DianaShipping DSX ... dd 1.56 –0.22 –.17 –.31 –.05 ... 99.42 60.69 EversourceEner ES 2.8 29 81.85 –1.04 2.81 ... 3.91 .5675
24.12 13.06 CabotOil COG 2.4 15 16.57 –2.12 1.63 .58 ... .10 38.48 14.50 Cloudflare NET ... dd 35.53 –0.47 –.72 –.20 –.13 ... 49.80 13.46 Dick's DKS 3.1 39 39.71 +0.31 ... .38 3.38 .3125 37.38 18.21 Evertec EVTC .7 20 27.00 –1.40 1.41 1.64 2.02 .05
35.28 8.16 Cactus WHD 1.8 12 19.75 +0.12 1.88 .30 .11 .09 6.19 3.40 CN Finance CNF ... 6 3.73 –0.27 1.13 –.07 .25 ... 14.66 2.80 DieboldNixdorf DBD ... dd 5.60 –0.37 –4.45 –.29 1.42 ... 12.01 3.50 EvolentHealth EVH ... dd 6.54 +0.25 –3.67 –.45 –.41 ...
21.21 4.63 CadenceBancorp CADE 2.5 dd 7.90 –1.36 1.56 ... 1.23 .05 60.13 36.27 Coca-Cola KO 3.8 19 43.57 –2.45 2.07 2.00 2.09 .41 158.36 105.00 DigitalRealty DLR 3.2 50 140.59 +0.74 2.35 1.63 1.53 1.12 25.23 7.09 EvoquaWater AQUA ... 30 16.68 –1.61 –.08 .45 .52 ...
31.56 9.80 CAE CAE .0 18 15.96 –0.54 .88 .24 .66 .0832 58.94 28.35 Coca-Cola Euro CCEP 3.7 14 37.27 –1.20 2.62 1.69 2.38 .6876 86.71 21.50 Dillard's DDS 2.4 dd 24.50 –1.84 ... –10.26 –1.38 .15 12.51 0.95 ExantasCap XAN .0 dd 2.57 –0.08 .81 .89 .49 .275
24.87 3.12 Caleres CAL 3.7 dd 7.59 –0.40 1.53 –2.06 1.47 .07 65.49 37.73 Coca-Cola Femsa KOF 4.4 42 43.21 –3.56 ... 56.25 66.18 .9995 104.47 14.16 DineBrands DIN .0 7 38.99 –3.76 5.85 1.40 4.59 .76 6.24 1.27 Express EXPR ... dd 1.42 –0.45 –2.49 –2.64 –.15 ...
20.78 0.85 CaliforniaRscs CRC ... dd 1.28 –0.22 –.57 –1.24 –2.67 ... 8.29 1.98 CoeurMining CDE ... dd 4.64 +0.20 –1.56 .07 ... ... 92.98 23.25 DiscoverFinSvcs DFS 3.6 7 48.67 –5.06 9.08 5.20 6.87 .44 14.89 3.24 Exterran EXTN ... dd 5.30 –0.48 –2.99 –2.16 –.97 ...
57.48 39.74 CalWtrSvc CWT 1.9 42 44.28 –1.55 1.31 1.44 1.70 .2125 78.23 33.52 Cohen&Steers CNS 2.4 26 64.56 –6.42 2.79 2.38 2.72 .39 153.41 79.07 Disney DIS .0 37 109.10 –5.25 6.64 1.40 3.13 .88 124.46 72.70 ExtraSpaceSt EXR 4.0 27 91.01 –1.96 3.24 3.08 3.09 .90
14.97 5.60 Calix CALX ... dd 13.74 –0.24 –.32 .21 .51 ... 39.30 12.23 Colfax CFX ... dd 26.25 –1.37 –3.89 1.23 1.86 ... 11.00 9.19 dMY Tech DMYT.UT ... ... 10.14 +0.03 ... ... ... ... 77.93 30.11 ExxonMobil XOM 8.0 16 43.62 –2.36 3.36 ... ... .87
22.33 4.75 CallawayGolf ELY .2 26 16.09 –1.04 .82 ... .78 .01 166.81 61.50 ColfaxUn CFXA 5.1 ... 112.47 –8.63 ... ... ... 1.4375 10.18 9.51 dMY TechA DMYT ... ... 9.77 –0.01 ... ... ... ...
0.95
F
7.01 0.38 CallonPetrol CPE ... 1 1.19 –0.19 .24 .27 .17 ... 77.41 58.49 ColgatePalm CL 2.5 24 71.52 –1.84 2.75 2.87 3.03 .44 0.60 dMY TechWt DMYT.WT ... ... .86 +0.06 ... ... ... ...
120.73 62.48 CamdenProperty CPT 3.7 39 88.69 –4.82 2.22 1.52 1.64 .83 16.22 9.46 CollierCreek CCH.UT ... cc 15.00 –0.18 .05 ... ... ... 73.20 44.68 DolbyLab DLB 1.3 31 65.76 –0.49 ... ... ... .22
11.26 5.30 Cameco CCJ .6 70 9.88 –0.43 .14 .04 .05 .0608 14.71 9.84 CollierCreek CCH ... cc 13.75 –0.06 ... ... ... ... 194.84 125.00 DollarGeneral DG .8 24 189.39 +0.61 6.64 8.83 8.85 .36
57.54 39.77 CampbellSoup CPB 2.9 27 48.40 –0.74 .70 2.75 2.76 .35 4.11 1.15 CollierCreekWt CCH.WT ... ... 3.10 –0.28 ... ... ... ... 90.89 57.79 DominionEner D 4.7 38 79.68 –2.04 1.62 4.36 4.64 .94 40.33 14.38 FB Financial FBK 1.6 11 22.49 –1.57 2.65 1.47 2.12 .09
28.70 3.40 CampingWorld CWH 1.3 dd 25.35 –1.67 –1.62 .45 ... .0732 6.14 1.33 ColonyCapital CLNY .0 dd 2.31 –0.34 ... –1.53 –.75 .11 113.82 75.93 DominionEnerUn DCUE 7.2 ... 100.30 –2.51 ... ... ... 1.8125 65.94 29.01 FBL Financial FFG 6.0 9 33.60 –1.03 ... 4.37 4.91 .50
47.92 12.94 CanadaGoose GOOS ... 21 22.30 –1.56 ... .66 ... ... 16.36 2.46 ColonyCredRlEst CLNC .0 dd 6.64 –0.35 –3.25 .54 ... .10 394.99 220.90 Domino's DPZ .9 35 365.81 –12.60 ... ... 12.19 .78 108.77 56.77 FMC FMC 1.8 27 96.56 –3.90 3.62 ... 7.28 .44
87.62 46.45 CIBC CM 6.5 10 65.75 –2.97 8.44 5.97 7.41 1.0908 22.71 7.63 ColumbiaProperty CXP 6.7 dd 12.45 –1.18 .08 .03 .16 .21 44.71 18.40 Domtar UFS .0 cc 19.67 –3.05 1.37 .50 .62 .455 12.93 5.05 FNB FNB 6.9 7 6.92 –0.70 1.16 1.15 .84 .12
96.53 65.13 CanNtlRlwy CNI 2.0 19 86.51 –0.95 4.41 5.32 6.30 .406 74.11 24.28 Comerica CMA 7.7 7 35.37 –4.07 7.87 1.13 ... .68 58.32 31.08 Donaldson DCI 1.8 23 45.47 +0.54 2.05 2.28 1.99 .21 25.52 7.60 FS KKR Cap FSK 17.3 dd 13.88 –0.17 .47 2.59 2.50 .76
32.79 6.71 CanNaturalRes CNQ 7.1 9 17.10 –0.07 3.43 –1.52 –.16 .2938 53.66 27.54 ComfortSystems FIX 1.1 13 38.16 –0.09 3.08 3.33 1.89 .105 14.58 4.04 DonnelleyFin DFIN ... 6 7.83 –0.40 1.10 .69 .83 ... 144.10 83.28 FTI Consulting FCN ... 20 112.46 +8.35 5.69 5.45 6.29 ...
275.13 173.26 CanPacRlwy CP ... 19 248.63 –5.21 13.25 16.66 18.85 ... 24.04 10.76 CommercialMetals CMC 2.5 8 19.56 –0.74 1.66 ... 1.95 .12 16.68 6.08 DorianLPG LPG ... 4 7.36 –0.51 2.07 .78 1.34 ... 71.22 44.00 Fabrinet FN ... 19 59.35 –0.84 3.29 ... ... ...
9.82 4.20 Cango CANG ... 22 5.53 +0.83 ... .41 .47 ... 72.63 47.01 CommBkSys CBU 3.1 16 52.52 –3.81 3.23 2.71 2.72 .41 56.89 24.12 DouglasDynamics PLOW 3.3 20 34.38 –1.38 2.11 1.00 2.03 .28 343.78 195.22 FactSet FDS .9 34 328.65 +25.03 9.08 10.51 10.80 .77
44.87 20.51 Cannae CNNE ... 4 39.20 +0.94 1.07 8.42 .15 ... 7.47 1.79 CommunityHlthSys CYH ... dd 2.74 –0.40 –5.93 –3.51 –1.43 ... 45.59 23.16 DouglasEmmett DEI 3.7 15 30.19 –0.04 2.09 .39 .45 .28 436.69 177.65 FairIsaac FICO ... 53 406.20 –15.70 6.34 8.05 8.78 ...
29.78 19.13 Canon CAJ 6.2 20 20.26 –0.75 1.07 .89 1.47 .7255 52.33 20.12 CommunityHlthcr CHCT 4.3 81 39.06 –4.38 .37 .79 .90 .42 120.26 62.95 Dover DOV 2.1 18 92.64 –2.26 4.61 ... 5.88 .49 38.00 8.10 FangHoldings SFUN ... dd 11.20 –3.98 ... ... ... ...
41.65 9.00 CanopyGrowth CGC ... dd 15.95 –1.38 –2.86 –1.04 –.66 ... 15.40 5.54 SABESP SBS 2.0 13 10.18 –0.61 1.25 .49 .94 .2518 2.09 1.06 DoverMotorsports DVD 6.1 13 1.64 +0.14 ... .15 .17 .10 11.75 9.86 FarPointAcqnA FPAC ... cc 10.26 +0.01 .18 ... ... ...
93.87 20.81 CantelMedical CMD .0 60 40.01 –3.60 1.32 1.21 1.89 .105 9.54 1.30 EngGr-Cmg C CIG.C 6.8 6 2.18 +0.45 .54 .22 .32 .0574 56.25 21.95 Dow DOW 7.0 dd 39.80 –1.85 –1.84 1.35 2.31 .70 12.68 9.02 FarPointAcqnUn FPAC.UT ... ... 10.45 –0.06 ... ... ... ...
107.59 38.00 CapitalOne COF 2.6 12 61.16 –6.91 11.05 –2.52 8.05 .40 4.11 1.28 EngGr-Cmg CIG 2.9 5 1.97 –0.18 .54 .22 .32 .0574 55.19 33.33 DrReddy'sLab RDY .5 31 52.19 –0.99 1.66 2.02 2.39 .2822 2.68 0.20 FarPointAcqnWt FPAC.WT ... ... .65 –0.10 ... ... ... ...
5.64 0.45 CapitalSrLiving CSU ... dd .74 –0.11 –1.19 –1.29 –.78 ... 18.15 8.28 COPEL ELP 4.4 6 11.16 –1.09 1.94 1.60 1.46 .4881 56.71 23.91 Dril-Quip DRQ ... dd 29.05 –0.37 .05 –.12 .02 ... 22.11 5.99 Farfetch FTCH ... dd 17.50 +2.16 ... ... ... ...
39.90 5.42 Capri CPRI ... 6 14.37 –1.38 3.62 3.97 ... ... 4.71 1.02 CiaSiderurgica SID ... 19 1.93 –0.17 .33 .13 .27 ... 5.31 0.86 DriveShack DS ... dd 1.90 –0.05 –.90 –.80 –.55 ... 7.50 5.05 FarmlandPtrs FPI 2.9 cc 6.90 +0.30 .04 –.04 –.04 .05
9.25 1.97 CapsteadMtg CMO 10.4 dd 5.50 +0.03 –.62 .61 .63 .15 29.40 11.25 CerveceriasUnid CCU 2.9 18 14.58 –0.47 1.00 569.31 653.12 .2731 57.84 16.27 Ducommun DCO ... 12 32.63 –1.31 2.75 1.88 2.27 ... 87.97 10.63 Fastly FSLY ... dd 86.51 +22.82 –.75 –.13 –.06 ...
60.69 39.05 CardinalHealth CAH 3.8 dd 50.55 –3.26 4.53 5.26 5.48 .4859 26.37 10.78 CompassDiversif CODI 8.7 dd 16.52 –1.58 3.64 1.72 1.35 .36 103.79 62.13 DukeEnergy DUK 4.8 16 78.93 –3.18 5.06 5.16 5.45 .945 76.00 41.26 FedAgriMtg A AGM.A 5.9 7 54.64 –1.84 ... 8.72 9.86 .80
169.86 97.55 Carlisle CSL 1.7 15 116.42 –5.81 8.19 5.77 7.24 .50 66.14 34.39 CompassMnlInt CMP 6.0 20 47.81 –0.78 1.81 3.42 3.68 .72 38.88 25.19 DukeRealty DRE 2.7 31 34.58 –1.02 1.18 .49 .54 .235 88.46 40.05 FedAgriMtg C AGM 5.3 8 59.93 –7.36 ... 8.72 9.86 .80
103.18 37.59 CarMax KMX ... 23 86.58 –5.29 5.33 2.84 5.27 ... 10.70 4.05 ComstockRscs CRK ... 7 4.10 –0.58 .52 ... ... ... 77.03 28.33 DuPont DD 2.3 dd 51.42 –1.18 .67 3.01 ... .30 141.35 64.11 FederalRealty FRT 5.1 18 82.77 –1.98 4.61 2.53 2.69 1.05
51.94 7.80 Carnival CCL .0 6 15.78 –2.05 ... ... –1.55 .50 35.59 22.83 ConagraBrands CAG 2.6 21 32.64 –0.91 1.52 2.18 2.30 .2125 60.55 12.24 DycomInds DY ... cc 38.30 –0.69 1.80 ... 2.68 ... 35.75 23.32 FederalSignal FSS 1.1 15 28.62 –0.88 1.76 1.45 1.78 .08
49.03 7.08 Carnival CUK 16.8 4 11.94 –2.98 4.32 ... –1.55 .50 105.94 33.13 ConchoRscs CXO 1.6 dd 50.30 –5.20 –3.55 ... .16 .20 3.97 0.98 DynagasLNG DLNG ... 15 3.78 +0.40 –.22 .57 .62 ... 38.26 13.06 FederatedHermes FHI 4.9 8 22.16 –1.73 ... 2.41 2.37 .27
56.33 13.60 CarpenterTech CRS 3.5 7 22.99 –1.39 3.43 2.70 1.20 .20 2.92 1.13 ConcordMed CCM ... dd 1.53 –0.15 ... –1.47 –.97 ... 44.16 17.05 Dynatrace DT ... dd 41.40 –0.40 –1.58 .40 .49 ... 178.50 88.69 FedEx FDX 2.0 9 130.08 –7.55 15.18 8.59 9.46 .65
June 29, 2020 BARRON’S M15

New York Stock Exchange Composite List

- Earnings - - Earnings -
52-Week Tick - Week’s - Last This Next Div 52-Week Tick - Week’s - Last This Next Div NYSE CUMULATIVE DAILY BREADTH vs DJIA
High Low Name Sym Yld P/E Last Chg. Year Year Year Amt High Low Name Sym Yld P/E Last Chg. Year Year Year Amt
180.95 127.73 Ferrari RACE .7 42 169.62 +1.41 4.17 4.52 4.49 1.2351 60.15 33.41 GlobusMedical GMED ... 31 45.19 –3.42 ... .88 1.77 ... Got That Losing Feeling: NYSE Composite breadth fell for the second time in three
16.04 7.52 Ferro FOE ... cc 11.00 –0.51 .07 .69 .94 ... 84.49 40.25 GoDaddy GDDY ... 77 71.56 –9.64 .76 1.03 1.44 ...
16.25 6.00 FiatChrysler FCAU ... 25 9.67 +0.40 4.73 –.42 2.33 ... 9.20 3.79 GoldFields GFI .9 47 8.92 +0.79 .20 ... ... .0406 weeks, as the S&P 500 slid 2.9% for the week. Losing stocks on the NYSE outpaced win-
49.28 19.00 FidNatlFin FNF 4.4 11 30.16 –1.39 3.83 2.67 3.23 .33 22.50 8.00 GoldmanSachsBDC GSBD 11.0 dd 16.41 –0.58 .90 ... ... .45
158.21 91.68 FidNatlInfo FIS 1.1 cc 130.51 –4.49 .66 5.44 6.66 .35 250.46 130.85 GoldmanSachs GS 2.6 10 189.19 –12.44 21.03 13.86 21.56 1.25 ners by nearly 4 to 1.
69.89 37.92 58.com WUBA ... 7 53.93 –0.57 ... 2.19 3.43 ... 39.60 21.49 Gorman-Rupp GRC 2.0 22 29.08 –0.19 ... 1.05 1.62 .145
4.75 1.22 FinVolution FINV 5.7 2 1.74 +0.08 ... 5.19 5.82 .12 79.71 26.75 GraceWR GRA 2.5 23 48.94 –1.27 1.89 2.93 5.26 .30 BREADTH DJIA
66.78 29.36 FirstAmerFin FAF 3.8 8 46.70 –3.72 6.22 2.99 3.99 .44 56.99 38.43 Graco GGG 1.5 24 46.83 –1.62 2.00 1.36 1.84 .175
11.24 3.50 FirstBanCorp FBP 3.9 9 5.11 –0.32 .76 .38 .81 .05 15.88 9.87 GrafIndustrial GRAF ... dd 15.00 +1.94 .17 ... ... ... 555000 29500
14.93 6.77 FirstCmwlthFin FCF 5.8 9 7.55 –0.54 1.07 .59 .71 .11 17.77 10.07 GrafIndustrial GRAF.UT ... ... 17.46 +2.90 ... ... ... ...
17.42 6.27 FirstHorizonNatl FHN 6.5 8 9.25 –1.06 1.38 .47 1.25 .15 2.95 0.05 GrafIndlWt GRAF.WT ... ... 2.94 +1.39 ... ... ... ...
46.12 25.89 FirstIndRlty FR 2.7 19 37.58 –0.61 1.88 1.00 .92 .25 14.84 5.56 GrafTechIntl EAF .5 3 7.44 –0.42 2.58 1.38 1.80 .01
12.69 4.17 FirstMajestic AG ... dd 9.39 +0.76 –.20 .07 .44 ... 23.77 10.36 Graham GHM 3.5 66 12.47 +0.51 .19 .22 .34 .11 537400 27400
125.12 70.06 FirstRepBank FRC .8 20 103.82 –7.04 5.20 4.94 5.32 .20 756.26 267.89 GrahamHoldings GHC 1.8 8 327.38 +1.53 ... 20.77 23.21 1.45 s
52.52 32.00 FirstEnergy FE 4.2 37 36.85 –2.13 1.68 2.49 2.63 .39 346.60 200.61 Grainger GWW 2.0 21 293.12 –9.89 15.32 ... 17.06 1.44 BREADTH 548,485
7.26 2.81 Fitbit FIT ... dd 6.35 –0.03 ... ... ... ... 3.22 1.34 GranayMontero GRAM ... dd 2.27 +0.02 –1.61 –.04 –.02 ...
519800 25300
11.66 2.84 500.com WBAI ... dd 3.54 –0.81 ... 7.13 9.17 ... 48.80 8.90 GraniteConstr GVA 2.8 dd 18.44 –0.72 .96 1.97 2.97 .13 s
9.31 3.62 FivePoint FPH ... dd 4.47 –0.22 .13 .34 .21 ... 19.35 1.74 GranitePointMtg GPMT .0 24 7.03 ... 1.32 ... .95 .42
76.37 17.11 FiverrIntl FVRR ... dd 72.44 +5.69 –1.67 ... –.43 ... 56.68 28.12 GraniteREIT GRP.UT 4.3 9 49.49 +0.20 ... .57 4.07 .1784 DJIA
40.00 16.76 Flagstar FBC .7 7 26.99 –1.65 3.80 3.63 3.70 .05 16.95 10.41 GraphicPkg GPK 2.3 29 13.30 –0.60 .70 .96 1.04 .075 502200 23200
329.85 168.51 FleetCorTech FLT ... 25 238.52 –25.80 9.94 10.93 ... ... 23.07 8.53 GrayTelevision GTN ... 7 12.87 –1.35 ... 2.12 1.61 ...
13.88 3.40 FlexLNG FLNG 8.8 45 4.56 –0.20 .31 .69 .75 .10 21.85 8.55 GrayTelevision A GTN.A ... 6 12.37 +0.90 ... 2.12 1.61 ...
62.62 24.36 Floor&Decor FND ... 36 54.18 –2.39 1.44 1.03 1.41 ... 15.86 3.96 GreatAjax AJX 7.7 7 8.80 –0.21 1.58 1.11 1.47 .17
3.41 0.66 FlotekIndustries FTK ... dd 1.02 +0.04 –.55 ... ... ... 36.65 10.86 GreatWesternBncp GWB 4.8 dd 12.54 –1.87 2.92 3.06 1.80 .15 484600 21100
25.08 17.42 FlowersFoods FLO 3.6 50 22.00 –0.80 .78 1.09 ... .20 51.86 14.20 GreenDot GDOT ... 30 46.20 +7.47 1.88 1.61 2.10 ...
53.98 18.98 Flowserve FLS 3.0 18 27.01 –0.71 1.93 1.42 1.48 .20 34.30 12.89 Greenbrier GBX 5.0 10 21.60 –0.79 2.14 2.81 2.62 .27
34.43 2.85 Fluor FLR .0 dd 11.24 –2.25 1.59 1.18 1.79 .10 23.08 7.28 Greenhill GHL 2.1 12 9.39 –0.75 .45 –.68 .88 .05
23.21 3.41 FlyLeasing FLY ... 1 7.64 –0.64 7.15 2.51 2.52 ... 15.17 9.38 GreenTree GHG ... 32 13.23 –1.19 ... 3.26 5.74 ... 467000 19000
11.53 9.15 FlyingEagleAcqn FEAC.UT ... ... 11.36 +0.38 ... ... ... ... 50.37 23.65 Greif A GEF 5.5 11 32.28 –1.02 2.89 3.42 3.56 .44 J A S O N D J F M A M J
10.90 9.81 FlyingEagle FEAC ... ... 10.65 +0.12 ... ... ... ... 56.50 30.89 Greif B GEF.B 6.7 9 39.26 +0.12 2.89 3.42 3.56 .66
3.70 1.35 FlyingEagleWt FEAC.WT ... ... 3.19 +0.61 ... ... ... ... 25.50 9.15 Griffon GFF 1.7 18 17.29 –0.53 .87 .95 1.07 .075 In generating this chart, we subtract each day's NYSE composite declines from that day's advances. The resultant total is added to the next day's total, and so
10.70 10.13 FoleyTrasimene WPF.UT ... ... 10.56 +0.06 ... ... ... ... 110.11 26.26 Group1Auto GPI .0 7 63.34 –1.27 9.34 8.30 11.08 .30 on. When all five days' numbers are added together, this produces the weekly figure we plot. Dec. 31, 1985 =1000.
98.97 55.40 FomentoEconMex FMX 2.4 21 61.43 –3.83 ... 57.15 73.29 .7559 80.25 29.35 GrubHub GRUB ... dd 69.05 +5.17 –.20 –.31 .21 ...
47.86 17.46 FootLocker FL .0 14 27.10 –0.99 4.50 ... 3.44 .40 135.31 44.28 GpoAeroportuar PAC 5.6 17 69.25 –2.91 ... 6.20 3.50 2.1253
10.56 3.96 FordMotor F .0 dd 5.91 –0.32 ... –1.36 .40 .15 210.38 82.08 GpoAeroportSur ASR ... 12 110.72 –5.97 ... 102.81 143.09 ...
23.11 9.43 Forestar FOR ... 14 14.59 –1.10 .79 .58 .94 ... 8.92 3.32 GpoAvalAcc AVAL 7.5 5 4.37 –0.14 ... .53 .67 .0245 - Earnings - - Earnings -
44.72 28.59 Fortis FTS 3.8 13 36.69 –1.40 2.86 1.87 2.05 .3593 9.03 1.28 GpoSupervielle SUPV 1.3 3 2.34 +0.06 ... .98 1.14 .0409 52-Week Tick - Week’s - Last This Next Div 52-Week Tick - Week’s - Last This Next Div
83.18 37.31 Fortive FTV .4 41 66.37 –1.48 1.97 2.90 3.45 .07 12.61 4.65 GrupoTelevisa TV ... 10 5.10 –0.63 .42 .24 .38 ... High Low Name Sym Yld P/E Last Chg. Year Year Year Amt High Low Name Sym Yld P/E Last Chg. Year Year Year Amt
21.73 3.69 FortressTransport FTAI 10.7 5 12.31 +0.65 2.59 .24 1.88 .33 17.76 9.00 GuangshenRail GSH ... 12 9.00 –0.50 ... .23 .85 ...
10.38 9.91 FortressValueAcqn FVAC.UT ... ... 10.32 +0.13 ... ... ... ... 23.58 3.64 Guess GES 4.8 dd 9.31 –0.56 1.33 –.84 ... .1125 24.90 12.23 Huntsman HUN 3.7 27 17.65 –0.67 2.44 ... ... .1625 10.50 9.10 JuniperIndlA JIH ... ... 9.85 –0.17 ... ... ... ...
10.07 9.78 FortressValueA FVAC ... ... 9.94 ... ... ... ... ... 124.16 71.64 Guidewire GWRE ... dd 110.64 +3.82 .25 ... ... ... 94.98 24.02 HyattHotels H .0 8 47.30 –5.74 ... –.61 .76 .20 1.10 0.48 JuniperIndlWt JIH.WT ... ... .81 +0.10 ... ... ... ...
1.63 1.45 FortressValueWt FVAC.WT ... ... 1.50 ... ... ... ... ... 65.41 30.25 HysterYaleMatls HY 3.4 13 37.52 –1.11 ... 1.31 2.46 .3175 27.57 15.20 JuniperNetworks JNPR 3.6 23 22.17 –1.10 .99 1.53 1.77 .20
2.65 0.88 JupaiHoldings JP ... dd 1.48 –0.07 ... 6.81 6.81 ...
4.99
73.28
1.47
33.90
FortunaSilver
FortBrandsHome
FSM
FBHS
...
1.6
45
19
4.75
60.60
+0.51
–0.73
.15
3.06
...
...
...
...
...
.24 H I 4.42 0.35 JustEnergy JE ... dd .52 –0.08 –.67 –.54 .05 ...
3.57 0.15 ForumEnergyTech FET ... dd .53 –0.13 –5.15 ... ... ...
22.14
32.50
7.99
12.80
FdnBuilding
FourCornersProp
FBM
FCPT
...
5.2
12
22
14.69
23.52
–1.30
–0.20
.93
1.06
.73
1.08
1.04
1.15
...
.305
151.97
49.98
58.38
31.61
HCA Healthcare
HCI Group
HCA
HCI
.0
3.6
11
18
92.48
44.35
–5.05
–0.12
10.07
3.31
10.53
2.58
12.49
3.83
.43
.40 51.74 21.79 IAA IAA ... 28 37.67 –2.90 1.44 ... ... ... K
4.33 1.29 HC2 Holdings HCHC ... dd 3.26 –0.52 –.66 –2.91 –1.25 ... 15.42 6.86 ICICI Bank IBN .3 22 9.05 –0.42 .19 ... ... .0282
2.34 1.06 FourSeasonsEduc FEDU ... dd 1.19 +0.04 –.33 .31 .54 ... 5.50 2.68 ICL Group ICL 4.9 10 3.03 –0.26 .37 .20 .28 .023 28.61 9.41 KAR Auction KAR 5.6 16 13.47 –1.86 1.42 .30 .97 .19
152.70 77.18 Franco-Nevada FNV .8 cc 137.24 +5.52 1.83 ... ... .26 65.89 29.50 HDFC Bank HDB .7 22 45.09 +0.40 1.79 1.91 ... .1053
5.54 0.35 HEXO HEXO ... dd .69 –0.06 –.25 –.71 –.07 ... 114.01 69.05 IDACORP IDA 3.2 19 84.77 –0.48 4.61 4.53 4.72 .67 42.90 20.93 KB Fin KB 5.2 4 28.16 –0.88 7.25 ... ... 1.6631
5.98 1.66 Frank'sIntl FI ... dd 2.02 –0.23 –1.05 –.37 –.25 ... dd 9
42.90 16.61 HNI HNI 4.1 15 29.75 +0.56 2.54 1.34 3.06 .305 11.84 4.81 IDT IDT ... 6.14 +0.12 .01 1.20 1.27 ... 40.51 9.82 KB Home KBH 1.3 28.58 –3.71 2.85 2.58 3.24 .09
41.85 12.61 FranklinCovey FC ... 67 20.70 –1.55 –.07 .05 .33 ... 37 55
23.93 12.54 HP HPQ 4.2 8 16.61 –0.17 2.07 2.19 2.52 .1762 81.65 44.81 IHS Markit INFO .9 72.69 +0.66 1.23 ... 3.16 .17 31.92 12.00 KBR KBR 1.8 22.14 –2.23 1.41 ... ... .10
39.00 14.86 FranklinFin FSB 1.0 33 23.46 –1.57 .98 2.67 2.90 .06
42.17 22.67 HSBC HSBC 4.3 26 23.36 –0.70 1.51 1.37 2.44 .50 12.44 4.52 ING Groep ING 9.2 5 6.69 –0.18 1.38 .79 1.00 .2687 34.14 15.55 KKR KKR 1.8 dd 29.59 –2.21 3.54 ... ... .135
35.77 14.91 FranklinRscs BEN 5.4 10 20.04 –1.91 2.35 2.07 2.17 .27
28.20 11.78 HUYA HUYA ... 53 18.63 –1.59 ... 3.88 6.34 ... 21.10 6.38 Invesco IVZ 6.2 10 10.00 –1.09 1.28 1.53 1.60 .155 22.03 6.84 KKR RealEstFin KREF 10.0 33 17.27 –0.21 1.57 1.67 1.60 .43
13.64 4.82 FreeportMcM FCX .0 dd 10.79 +0.29 –.17 ... ... .05
19 140.36 63.41 Haemonetic HAE ... 59 87.60 +2.63 1.48 3.05 4.07 ... 10.73 1.13 IONGeophysical IO ... dd 2.25 –0.37 –3.41 –1.20 –.78 ... 12.49 6.66 KT KT 3.8 9 9.71 –0.04 1.08 1.20 1.33 .4444
44.30 29.17 FreseniusMed FMS ... 42.71 +0.38 2.22 2.40 2.71 ...
26 25.47 4.25 Halliburton HAL 1.5 dd 11.93 –1.11 –1.29 .13 ... .045 169.14 81.79 IQVIA IQV ... cc 135.99 –0.09 .96 5.88 7.31 ... 31.57 15.06 K12 LRN ... 47 26.41 +0.18 .91 ... ... ...
38.79 20.25 FreshDelMonte FDP 1.2 23.34 –0.71 1.37 ... ... .05
dd 21.22 6.68 HamiltonBeach HBB 3.4 dd 10.66 +0.01 ... 1.85 1.90 .09 10.74 2.77 IRSA IRS ... dd 3.14 –0.07 –11.73 .07 .13 ... 114.05 52.71 Kadant KAI 1.0 20 93.42 –4.80 4.54 4.21 4.85 .24
13.28 6.01 FrontYardRes RESI 7.3 8.24 –0.41 –1.96 –1.31 –1.15 .15
13.33 6.09 Frontline FRO 40.0 5 7.00 –0.60 .81 2.96 1.05 .70 17.69 6.96 Hanesbrands HBI 5.7 7 10.46 –0.89 1.64 .66 1.83 .15 75.56 35.41 ITT ITT 1.2 15 56.90 +1.76 3.67 2.62 3.20 .169 5.50 1.93 Kadmon KDMN ... dd 5.18 +0.57 –.48 –.60 .06 ...
52.40 23.68 FullerHB FUL 1.5 18 42.50 +0.50 2.52 2.37 3.08 .1625 28.16 11.31 Hanger HNGR ... 32 15.32 –1.66 .72 –.36 ... ... 4.17 1.44 IamGold IAG ... dd 3.59 +0.29 –.88 ... .38 ... 1.59 0.17 KaleyraWt KLR.WT ... ... .56 –0.29 ... ... ... ...
... ... FusionAcqnUn FUSE.UT ... ... 10.16 ... ... ... ... ... 39.91 15.01 HannonArmstrong HASI 5.0 21 27.20 –1.97 1.24 1.46 1.52 .34 178.14 104.56 IDEX IEX 1.3 28 154.76 +1.52 5.56 4.63 5.17 .50 68.24 29.38 Kaman KAMN 2.1 15 38.87 –2.96 7.47 2.43 2.43 .20
14.87 8.75 FutureFuel FF 2.1 5 11.28 –0.37 2.02 .95 .80 .06 144.71 75.11 HanoverIns THG 2.7 15 95.86 –6.60 10.46 8.26 8.71 .65 190.85 115.94 IllinoisToolWks ITW 2.6 22 167.82 –3.06 7.74 5.14 ... 1.07 178.59 92.86 KSCitySouthern KSU 1.1 24 145.71 +1.44 5.40 6.77 ... .40
40.89 14.31 HarleyDavidson HOG .4 10 22.73 –2.09 2.68 ... 3.49 .02 22.88 6.01 Imax IMAX ... dd 10.54 –1.19 .76 –1.04 .68 ... 71.05 52.66 Kellogg K 3.6 21 63.86 –3.92 2.80 3.85 3.99 .57
37.80 1.08 IndependenceContr ICD ... dd 3.95 –0.58 –16.20 ... –13.95 ... 91.34 53.81 Kemper KMPR 1.7 11 69.84 +0.06 7.96 ... 6.10 .30
G
4.54 1.76 HarmonyGold HMY ... dd 3.60 +0.32 –.35 .10 .80 ...
27.97 4.19 Harsco HSC ... dd 12.70 +0.16 6.19 .47 1.03 ... 43.60 22.00 Independence IHC 1.5 57 30.00 +1.18 .83 .11 .14 .22 38.73 14.45 Kennametal KMT 2.9 35 27.21 –1.41 2.90 .91 1.30 .20
3.97 1.10 HarteHanks HHS ... dd 3.09 –0.01 –4.26 .27 –.14 ... 16.85 6.86 IndepRealty IRT 4.3 23 11.04 +0.03 .51 .01 .03 .12 23.50 10.98 KennedyWilson KW 6.0 9 14.63 –1.19 1.58 –.33 –.33 .22
6.72 3.30 GAIN Capital GCAP 4.0 5 6.01 –0.06 –1.63 2.65 .71 .06 62.75 19.04 HartfordFinl HIG 3.5 8 37.44 –2.54 5.66 5.15 5.54 .325 57.00 28.04 IndustrsBachoco IBA 1.8 11 35.25 –1.10 3.35 ... ... .3507 23.05 10.56 KenonHoldings KEN 15.5 cc 19.86 –1.89 –.25 ... ... 1.21
20.90 9.03 GAMCO Investors GBL .7 4 11.71 –1.63 ... 3.68 2.38 .02 21.43 9.81 HavertyFurn HVT 3.8 16 15.62 –0.53 1.08 .54 .96 .15 12.08 6.76 Infosys INFY 2.2 17 9.53 +0.37 .55 ... ... .1028 ... ... KensingtonCap KCAC.UT ... ... 10.05 ... ... ... ... ...
86.01 50.69 GATX GATX 3.4 10 57.08 –4.27 5.81 4.16 4.35 .48 21.25 10.67 HavertyFurn A HVT.A 3.5 18 16.16 –0.60 1.08 .54 .96 .14 38.96 17.01 IngersollRand IR ... 68 27.23 –1.58 .76 1.09 1.68 ... 32.00 18.98 KeurigDrPepper KDP 2.1 34 28.22 –0.49 .88 1.38 1.56 .15
24.31 14.24 GCPAppliedTechs GCP ... 48 17.27 –0.24 .64 .38 1.00 ... 55.15 33.51 HawaiianElec HE 3.8 19 35.10 –0.72 1.99 1.73 1.95 .33 108.20 24.92 Ingevity NGVT ... 10 47.31 –4.19 4.35 3.52 ... ... 20.53 7.45 KeyCorp KEY 6.3 9 11.76 –1.59 1.62 ... ... .185
21.32 9.95 GEO Group GEO 17.3 9 11.08 –0.75 1.40 1.04 1.42 .48 37.97 24.10 HealthcareRealty HR 4.1 cc 29.07 –1.37 .29 .21 ... .30 99.51 59.11 Ingredion INGR 3.2 14 79.86 –5.94 6.13 6.29 6.84 .63 110.00 77.93 KeysightTechs KEYS ... 32 97.56 –8.88 3.25 ... 5.07 ...
20.97 11.92 GFLEnvironmental GFL .2 dd 18.53 +0.15 ... –.51 –.21 .01 34.22 20.61 HealthcareAmer HTA 4.8 cc 26.14 –1.12 .14 .27 .32 .315 139.53 40.21 InnovativeIndProp IIPR 4.3 38 89.26 –6.39 2.03 3.59 5.01 1.06 88.99 45.96 KilroyRealty KRC 3.3 31 58.41 –4.12 1.86 1.50 1.68 .485
53.89 37.37 GFL Env Un GFLU 6.5 ... 48.45 –0.22 ... ... ... .75 37.93 18.63 HealthpeakProp PEAK 5.6 53 26.49 +0.17 .09 .41 .13 .37 127.79 50.00 Inphi IPHI ... dd 114.00 +3.35 –1.61 2.26 3.33 ... 17.72 3.51 KimbellRoyalty KRP 16.3 dd 8.35 –0.21 –3.92 –.15 .10 .17
32.42 10.39 GMS GMS ... 43 23.47 +0.82 .55 2.80 2.94 ... 3.66 1.38 HeclaMining HL .3 dd 2.96 +0.11 –.20 –.03 .15 .0025 144.92 22.59 Insperity NSP 2.6 18 60.58 –2.17 3.70 3.39 3.38 .40 149.23 110.66 KimberlyClark KMB 3.1 20 136.89 –7.07 6.24 ... ... 1.07
3.42 0.38 GNC Holdings GNC ... dd .62 –0.27 –.64 ... ... ... 147.93 52.01 Heico HEI .2 36 95.15 –16.10 2.39 ... 2.15 .08 99.26 40.53 InspireMedical INSP ... dd 84.50 –11.52 –1.40 –3.11 –2.22 ... 21.86 7.45 KimcoRealty KIM .0 17 12.52 –0.20 .80 .51 .60 .28
23.30 1.85 GOL Linhas GOL ... dd 6.70 –0.29 ... –2.70 ... ... 113.69 51.78 Heico A HEI.A .2 30 78.65 –10.81 2.39 ... 2.15 .08 80.25 29.02 InstalledBldg IBP ... 25 64.00 –5.65 2.28 2.77 4.38 ... 22.58 9.42 KinderMorgan KMI 7.3 25 14.47 –1.05 .96 .91 .90 .2625
16.68 5.20 GP Strategies GPX ... 10 7.96 +0.23 .90 .14 .61 ... 10.00 0.99 HelixEnergy HLX ... 12 3.30 –0.41 .19 –.18 –.33 ... 99.95 46.01 IntegerHoldings ITGR ... 22 67.38 –7.34 2.92 2.99 4.22 ... 2.95 1.26 KingswayFin KFS ... dd 2.30 +0.20 –1.41 –4.08 .40 ...
59.50 8.83 GSXTechedu GSX ... cc 57.65 –0.16 ... 2.73 5.20 ... 53.06 12.40 Helm&Payne HP 5.4 dd 18.61 –2.81 –.34 –1.45 –2.74 .25 101.93 63.51 ICE ICE 1.3 24 90.40 –4.12 3.42 4.49 4.62 .30 7.67 2.72 KinrossGold KGC ... 11 6.88 +0.48 .57 .54 .61 ...
19.75 4.67 GTT Comm GTT ... dd 8.06 +0.20 –1.88 –2.76 –1.64 ... 48.82 20.73 Herbalife HLF ... 23 43.40 +0.35 2.20 2.90 3.42 ... 71.02 25.39 InterContinentl IHG .9 21 44.01 –4.16 211.27 3.17 2.40 .399 92.30 32.76 Kirby KEX ... dd 52.73 –2.33 2.37 2.15 2.76 ...
10.48 9.60 GalileoAcquisition GLEO.UT ... ... 10.34 +0.11 ... ... ... ... 50.81 11.81 HercHoldings HRI ... 17 28.56 –0.45 1.63 .56 2.25 ... 47.46 22.14 IntercorpFinSvcs IFS 6.6 8 26.47 –3.29 3.83 2.20 3.21 1.75 51.08 18.02 KirklandLakeGold KL 1.3 13 38.72 +0.44 2.67 ... ... .125
10.34 9.20 GalileoAcqn GLEO ... ... 9.88 +0.03 –.02 ... ... ... 16.40 5.42 HerculesCapital HTGC 12.6 12 10.17 –0.65 1.71 1.34 1.35 .32 158.75 90.56 IBM IBM 5.6 12 117.19 –5.28 10.56 11.06 12.23 1.63 19.77 6.87 KiteRealty KRG 1.8 dd 11.26 –0.08 –.01 –.12 –.09 .052
0.83 0.15 GalileoAcqnWt GLEO.WT ... ... .46 +0.03 ... ... ... ... 16.38 7.50 HeritageInsurance HRTG 1.9 12 12.34 +0.09 .98 1.58 1.79 .06 147.20 92.14 IntlFlavors IFF 2.5 28 119.05 –7.04 4.00 ... ... .75 43.03 27.54 Knight-Swift KNX .8 25 41.35 –0.81 1.80 1.70 2.17 .08
109.46 65.09 Gallagher AJG 1.9 27 96.67 +1.93 3.52 4.01 ... .45 3.03 0.31 HermitageOffsh PSV ... dd .62 –0.13 –1.13 –.53 .34 ... 54.82 31.38 IntlFlavorsUn IFFT 6.9 ... 43.46 –2.37 ... ... ... .75 28.30 7.74 Knoll KNL 1.4 9 11.35 –1.13 1.36 1.08 1.13 .04
6.92 2.57 GameStop GME ... dd 4.35 –0.53 –5.38 –1.12 ... ... 17.10 2.29 HershaHospitality HT .0 dd 5.43 –0.80 –.74 –1.61 –1.84 .28 16.25 3.59 IntlGameTech IGT 9.8 dd 8.19 –0.89 –.09 –.45 .71 .20 20.97 8.67 KnotOffshore KNOP 15.1 12 13.79 –0.52 1.55 1.55 2.32 .52
11.35 0.63 Gannett GCI .0 dd 1.43 –0.43 –1.77 ... ... .38 162.20 109.88 Hershey HSY 2.5 24 125.85 –3.60 5.46 6.16 6.22 .773 47.64 26.38 IntlPaper IP 6.1 20 33.80 –1.06 3.07 2.11 2.37 .5125 22.79 11.10 Knowles KN ... 33 14.71 –0.89 .53 .55 1.12 ...
19.86 5.26 Gap GPS .0 dd 12.07 +1.41 .93 –2.36 ... .2425 20.85 0.40 HertzGlobal HTZ ... dd 1.49 –0.24 –.49 –3.19 –1.36 ... 31.39 14.89 IntlSeaways INSW 1.5 22 16.05 –2.44 –.03 6.67 3.25 .06 59.28 10.89 Kohl's KSS .0 37 18.77 –3.48 4.37 –3.54 1.59 .704
15.89 2.50 GarrettMotion GTX ... 1 5.04 –0.26 4.12 1.08 2.17 ... 74.11 26.06 Hess HES 2.1 dd 48.48 –2.76 –1.37 –1.89 –2.88 .25 10.27 9.30 InterPrivate IPV.U ... ... 10.15 +0.16 ... ... ... ... 50.78 30.50 KoninklijkePhil PHG 2.0 30 46.69 +0.43 1.44 2.07 2.44 .9612
171.78 76.91 Gartner IT ... 37 117.85 –2.18 2.56 3.04 3.62 ... 25.66 5.70 HessMidstream HESM 9.4 10 17.65 –1.56 1.20 1.50 1.91 .431 9.91 9.15 InterPrivate IPV ... ... 9.86 +0.02 ... ... ... ... 43.24 12.91 KontoorBrands KTB .0 12 16.51 –1.93 1.69 1.18 2.62 .56
15.16 2.55 GasLog GLOG 7.6 dd 2.62 –0.57 –1.37 .34 .39 .05 17.59 7.43 HewlettPackard HPE 5.1 dd 9.50 –0.32 .77 ... ... .12 0.74 0.40 InterPrivateWt IPV.WT ... ... .49 +0.09 ... ... ... ... 44.75 8.25 Koppers KOP ... 7 17.25 –2.12 3.16 2.33 5.09 ...
21.95 1.51 GasLogPartners GLOP 51.2 dd 3.49 –0.63 –1.43 ... ... .125 87.00 24.54 Hexcel HXL .0 14 44.00 –0.37 3.57 1.54 1.95 .17 25.20 11.63 Interpublic IPG 6.3 10 16.22 –0.84 1.68 1.54 1.79 .255 12.30 6.28 KoreaElcPwr KEP ... dd 8.00 –0.27 ... .62 .87 ...
14.30 5.42 GatesIndustrial GTES ... 26 9.86 –0.80 2.37 .33 .66 ... 2.71 0.15 Hi-Crush HCR ... dd .19 –0.21 –4.10 –.30 –.06 ... 3.87 0.60 IntrepidPotash IPI ... ... .98 –0.17 .10 –.04 .02 ... 43.99 21.45 KornFerry KFY 1.4 11 29.38 +1.08 1.81 ... 1.46 .10
11.82 4.27 GencoShipping GNK 1.3 dd 6.00 –1.08 –1.34 ... ... .02 1.98 0.16 HighPointRscs HPR ... dd .32 –0.03 –.64 –.07 –.14 ... 11.63 3.90 Invacare IVC .0 dd 5.95 –0.34 ... –.64 .17 .0125 7.55 0.50 KosmosEnergy KOS .0 dd 1.75 –0.20 –.14 –.76 –.44 .0452
123.19 68.23 Generac GNRC ... 30 117.75 +4.22 4.03 4.26 5.14 ... 52.76 25.10 HighwoodsProp HIW 5.3 12 36.21 –2.39 1.30 1.93 1.08 .48 18.30 1.82 InvescoMtg IVR 2.2 dd 3.67 –0.67 2.42 –1.97 .55 .02 35.00 4.45 Kraton KRA ... 2 16.11 +0.14 1.60 .50 1.39 ...
193.76 100.55 GeneralDynamics GD 3.0 12 146.05 –11.57 11.98 11.21 ... 1.10 3.72 1.08 HillIntl HIL ... 9 1.51 –0.09 .25 ... ... ... 85.24 43.58 InvRlEst IRET 4.2 11 66.08 –4.37 6.00 –2.22 –1.82 .70 36.84 20.70 Kroger KR 2.2 12 32.68 +0.44 2.04 ... ... .18
13.26 5.48 GeneralElec GE .6 10 6.48 –0.67 –.62 .42 .61 .01 117.50 72.29 Hill-Rom HRC .8 49 107.71 +9.52 2.25 5.55 6.02 .22 30.23 7.42 Invitae NVTA ... dd 27.89 +9.18 –2.66 –2.77 –1.79 ... 16.00 6.81 KronosWorldwide KRO 7.5 13 9.60 –0.18 .75 .48 ... .18
64.31 46.59 GeneralMills GIS 3.3 17 59.21 –2.37 2.90 ... ... .49 40.27 13.61 Hillenbrand HI 3.4 dd 24.66 –1.27 1.92 1.89 2.00 .2125 32.70 15.64 InvitatHomes INVH 2.2 cc 27.23 –0.61 .27 .20 .22 .15
41.90
53.20
14.33
5.52
GeneralMotors
Genesco
GM
GCO
.0
...
7
dd
24.46
18.79
–2.13
–1.68
4.57
3.92
1.29
–1.73
3.99
...
.38
...
26.28
36.56
11.05
8.28
Hilltop
HiltonGrandVac
HTH
HGV
2.1
...
7
10
17.22
18.65
–0.96
–2.35
2.44
2.42
2.00
.22
1.81
1.96
.09
...
34.49
17.50
21.00
5.48
IronMountain
iStar STAR
IRM 10.0
3.8
24
3
24.67
11.71
–1.67
–1.14
.93
3.73
1.18
–.17
1.15
.40
.6185
.11 L
23.84 2.58 GenesisEnergy GEL 8.7 28 6.91 –1.74 ... –.01 .48 .15 115.48 44.30 Hilton HLT .0 28 71.16 –5.01 3.04 1.07 2.57 .15 12.77 3.01 ItauCorpBanca ITCB ... 8 4.01 –0.09 .53 .16 .45 ...
1.86 0.58 GenesisHealthcare GEN ... 2 .69 –0.07 ... –.40 –.23 ... 18.54 4.67 HoeghLNG Ptrs HMLP 18.6 10 9.45 –0.48 ... 1.32 1.47 .44 10.01 3.48 ItauUnibanco ITUB 2.8 8 4.69 –0.58 .70 .40 .50 .0029 10.55 2.01 LAIX LAIX ... dd 2.50 –0.15 ... –9.51 –7.70 ...
11.98 4.60 GenieEnergy GNE 4.7 86 7.23 +0.08 ... .25 .46 .085 30.61 6.57 HollyEnergy HEP 9.8 8 14.25 –2.59 2.13 ... ... .35 28.02 8.00 L Brands LB .0 dd 13.86 –0.62 –1.33 –.18 ... .30
J
45.20 19.41 Genpact G 1.1 21 36.15 +0.98 1.56 1.84 2.25 .0975 58.88 18.48 HollyFrontier HFC 5.0 23 28.21 –4.03 4.61 ... 1.84 .35 122.00 55.29 LCI Inds LCII 2.4 19 108.10 –6.58 5.84 ... 5.67 .65
108.58 49.68 GenuineParts GPC 3.8 20 83.66 –3.92 4.24 4.00 5.21 .79 259.29 140.63 HomeDepot HD 2.5 24 241.01 –5.64 10.25 10.01 11.14 1.50 7.76 3.64 LG Display LPL ... dd 4.76 –0.14 –3.39 –.85 .10 ...
4.93 2.45 GenworthFin GNW ... 21 2.49 –0.19 .67 .32 .45 ... 29.44 19.38 HondaMotor HMC 3.4 11 25.33 –1.42 2.39 1.42 ... .2575 10.00 8.55 LGLS ysAcqn DFNS ... ... 9.84 +0.04 ... ... ... ...
22.53 5.44 GeoPark GPRK 1.7 dd 9.79 –0.19 .96 –2.18 .38 .0413 184.06 101.08 Honeywell HON 2.6 16 138.21 –7.16 8.41 ... 7.77 .90 12.01 3.03 J Alexander's JAX ... dd 4.70 –0.72 .60 .69 .74 ... 11.00 9.00 LGL Systems Un DFNS.UT ... ... 10.15 +0.05 ... ... ... ...
5.34 1.65 Gerdau GGB 1.0 15 2.77 –0.12 .18 .09 .17 .0168 48.15 30.48 HoraceMannEdu HMN 3.4 9 35.48 +0.20 4.40 2.70 2.76 .30 42.36 21.88 JBG SMITH Prop JBGS 3.1 49 29.35 –0.93 .48 .20 –.03 .225 0.67 0.39 LGLSysAcqnWt DFNS.WT ... ... .60 ... ... ... ... ...
33.75 16.36 GettyRealty GTY 5.1 24 29.04 –1.28 1.19 1.10 1.18 .37 5.79 1.20 HorizonGlobal HZN ... dd 2.00 –0.02 3.19 –1.02 .48 ... 27.00 6.06 JELD-WEN JELD ... 33 15.09 –0.78 .62 1.61 .93 ... 51.97 27.68 Line LN ... dd 50.45 +0.51 –1.80 ... ... ...
10.05 9.80 GigCapital3Un GIK.UT ... ... 10.04 +0.10 ... ... ... ... 51.53 39.01 HormelFoods HRL 1.9 28 48.21 –0.34 1.80 1.65 1.81 .2325 2.58 0.31 J.Jill JILL ... dd .65 –0.12 –2.94 –.36 –.28 ... 6.76 1.04 LSB Inds LXU ... dd 1.13 +0.01 –3.44 –2.41 –1.33 ...
10.21 9.60 GigCapital2 GIX ... cc 10.10 +0.03 –.13 ... ... ... 62.54 25.51 DR Horton DHI 1.3 10 53.03 –3.03 4.29 ... 4.72 .175 4.00 2.15 JMP JMP .0 dd 2.60 –0.19 –.32 .10 .30 .04 53.04 24.49 LTC Properties LTC 6.3 12 36.21 –1.53 2.02 2.82 2.01 .19
0.40 0.10 GigCapital2Rt GIX.RT ... ... .26 –0.09 ... ... ... ... 18.90 7.86 HostHotels HST .0 11 10.74 –0.93 1.26 –1.02 –.14 .20 141.10 76.91 JPMorganChase JPM 3.9 10 92.59 –5.22 10.72 5.19 9.79 .90 230.99 142.01 L3HarrisTech LHX 2.0 20 169.61 –12.63 3.67 ... 13.22 .85
10.99 10.00 GigCapital2Un GIX.UT ... cc 10.73 +0.13 –.13 ... ... ... 64.84 41.80 HoulihanLokey HLI 2.3 19 53.41 –4.16 ... 2.61 3.68 .31 44.20 17.63 Jabil JBL 1.0 cc 30.58 –2.93 1.81 ... ... .08 37.48 15.61 La-Z-Boy LZB .0 16 26.06 –0.76 1.66 ... ... .14
0.70 0.10 GigCapital2Wt GIX.WT ... ... .40 –0.19 ... ... ... ... 32.90 5.12 Hovnanian HOV ... dd 20.79 –2.52 ... 3.91 –2.25 ... 104.00 59.29 JacobsEngg J .9 dd 82.50 –3.08 6.08 ... 5.82 .19 196.36 98.02 LabCpAm LH ... 50 161.96 –0.39 8.35 11.98 13.32 ...
40.40 9.42 Gildan GIL .0 22 14.42 –0.58 1.27 .23 1.20 .154 135.42 35.10 HowardHughes HHC ... dd 50.42 –4.60 1.71 –1.43 8.77 ... 22.13 8.98 JamesHardie JHX .0 33 18.11 –0.22 .55 .75 .89 .10 18.97 2.65 LadderCapital LADR 10.2 10 7.88 +0.12 1.15 .83 .94 .20
19.03 9.44 Glatfelter GLT 3.7 dd 14.73 –1.11 –.49 .77 .93 .135 27.87 9.25 HowmetAerospace HWM .0 14 15.42 +1.48 1.03 .85 1.10 .0163 27.50 11.81 JanusHenderson JHG 7.1 55 20.36 –2.09 2.21 ... ... .36 96.32 39.06 LambWeston LW 1.5 19 62.53 –3.67 3.18 2.66 2.49 .23
84.65 23.31 Glaukos GKOS ... dd 36.89 –3.55 .37 –1.97 –.93 ... 16.82 8.52 Huami HMI ... 10 11.75 +0.28 ... 6.10 8.58 ... 10.75 10.10 JawsAcquisition JWS.UT ... ... 10.32 –0.23 ... ... ... ... 15.52 5.46 Lannett LCI ... dd 7.14 –0.04 –7.20 ... 1.25 ...
48.25 31.43 GSK GSK 4.9 17 40.55 –0.55 2.40 2.90 2.94 .567 24.33 11.69 HuanengPower HNP 4.6 35 14.68 –0.73 ... 2.11 2.40 .7645 24.03 11.20 JefferiesFin JEF 4.1 4 14.47 –0.82 3.03 .27 .93 .15 68.50 6.60 LaredoPetrol LPI ... dd 13.45 –2.00 –29.60 5.67 –1.31 ...
5.95 2.54 GlobalCordBlood CO ... 6 3.09 +0.05 .36 .45 .57 ... 155.00 85.62 Hubbell HUBB 3.1 16 118.79 –7.41 7.31 8.64 7.67 .91 20.97 8.83 JerniganCap JCAP 6.9 dd 13.34 –0.79 1.11 –2.76 –.64 .23 74.29 33.30 LasVegasSands LVS .0 16 43.33 –3.86 3.50 1.62 3.10 .79
15.95 6.98 GlobalMedREIT GMRE 7.2 cc 11.08 –0.99 .10 ... .23 .20 231.17 90.84 HubSpot HUBS ... dd 225.04 +5.06 –1.28 .92 1.46 ... 4.13 0.60 JianpuTech JT ... dd .69 –0.17 ... –.88 –.50 ... 44.95 20.94 Lazard LAZ 6.9 12 27.23 –2.87 2.57 1.63 2.74 .47
21.71 8.77 GlobalNetLease GNL 10.0 42 15.98 –0.70 .39 .24 .30 .40 5.59 1.23 HudbayMinerals HBM .5 dd 2.80 +0.02 –1.32 –.69 –.12 .0074 28.84 11.42 JinkoSolar JKS ... 6 16.98 +0.94 3.07 3.61 3.72 ... 7.44 1.03 Leaf LEAF ... dd 3.36 +0.30 –1.03 –.68 ... ...
20.95 6.30 GlobalPtnrs GLP 20.1 14 9.71 –0.33 .81 –.19 1.06 .3938 15.87 2.26 Hudson HUD ... dd 4.32 –0.84 ... –1.81 .34 ... 127.97 56.17 JohnBeanTech JBT .5 18 77.13 –0.40 4.02 3.53 5.67 .10 143.50 63.20 Lear LEA .0 10 104.55 –6.57 12.75 2.96 11.45 .77
209.62 105.54 GlobalPayments GPN .5 77 162.92 –13.16 2.16 6.20 7.81 .195 38.81 16.14 HudsonPacProp HPP 4.0 42 24.90 –0.32 .28 .26 .33 .25 157.00 109.16 J&J JNJ 2.9 21 137.81 –6.02 5.63 7.72 9.04 1.01 3.09 0.71 LeeEnterprises LEE ... 8 .97 –0.15 .25 .93 .39 ...
9.25 2.61 GlobalShipLease GSL ... 2 4.15 –0.38 1.48 1.34 2.15 ... 412.70 208.25 Humana HUM .7 19 374.64 –6.12 20.10 ... ... .625 44.82 22.78 JohnsonControls JCI 3.1 cc 33.36 –0.96 6.49 1.93 2.92 .26 11.36 9.50 LegacyAcqn LGC ... cc 10.50 +0.14 .16 ... ... ...
152.59 70.83 Globant GLOB ... 97 141.20 –2.56 1.43 ... 3.09 ... 3.50 0.86 HuntCosFin HCFT 11.2 10 2.68 +0.16 .11 .28 .27 .075 178.55 78.29 JonesLang JLL .0 10 98.12 –6.27 10.87 7.71 10.70 .43 12.00 9.90 LegacyAcqnUn LGC.UT ... ... 12.00 +0.75 ... ... ... ...
111.43 56.74 GlobeLife GL 1.1 11 70.85 –5.35 6.83 ... 7.29 .1875 279.71 147.14 HuntingIngalls HII 2.4 12 170.96 –7.70 13.26 18.87 13.87 1.03 27.99 2.15 JumiaTech JMIA ... dd 5.21 –0.71 ... –2.23 –2.01 ... 0.70 0.16 LegacyAcqnWt LGC.WT ... ... .55 ... ... ... ... ...
M16 BARRON’S June 29, 2020

New York Stock Exchange Composite List

- Earnings - - Earnings - - Earnings - - Earnings -
52-Week Tick - Week’s - Last This Next Div 52-Week Tick - Week’s - Last This Next Div 52-Week Tick - Week’s - Last This Next Div 52-Week Tick - Week’s - Last This Next Div
High Low Name Sym Yld P/E Last Chg. Year Year Year Amt High Low Name Sym Yld P/E Last Chg. Year Year Year Amt High Low Name Sym Yld P/E Last Chg. Year Year Year Amt High Low Name Sym Yld P/E Last Chg. Year Year Year Amt
50.70 33.99 LeggMason LM 3.2 18 49.72 +0.07 2.79 2.92 3.38 .40 79.26 25.24 MeritageHomes MTH ... 9 70.61 –2.81 6.42 6.06 5.76 ... 55.25 23.85 Nutrien NTR 5.4 21 33.03 –2.65 1.70 1.72 2.83 .45 25.69 3.04 PlainsGP PAGP 8.6 dd 8.34 –1.12 1.96 –1.31 1.10 .18
55.42 22.03 Leggett&Platt LEG 4.9 14 32.43 –1.49 2.47 ... ... .40 27.18 10.91 Meritor MTOR ... 4 18.68 –1.20 3.37 .81 2.07 ... 28.75 10.54 nVentElectric NVT 3.9 17 17.99 –0.72 1.29 ... ... .175 88.77 23.77 PlanetFitness PLNT ... 52 61.62 –4.52 1.41 .66 1.80 ...
125.84 68.00 Leidos LDOS 1.5 22 89.78 –6.92 4.60 ... 6.27 .34 12.17 3.88 MesaRoyalty MTR 12.2 6 5.05 –0.51 ... ... ... .0237 24.52 8.63 OFGBancorp OFG 2.3 24 12.10 –0.35 1.52 2.40 1.54 .07 42.44 4.60 Plantronics PLT .0 dd 13.59 –0.25 –20.86 ... ... .15
2.69 1.03 LejuHoldings LEJU ... 32 1.95 –0.12 –.10 .16 .20 ... 31.50 9.76 MesabiTrust MSB 14.0 8 16.74 –0.68 ... 1.51 2.61 .56 46.43 23.01 OGE Energy OGE 5.3 dd 29.37 –1.17 2.16 2.16 2.23 .3875 21.59 0.70 PlayAGS AGS ... dd 3.34 –0.69 –.33 –2.75 –1.11 ...
16.50 4.32 LendingClub LC ... dd 4.41 –0.61 –.35 –1.55 –.05 ... 41.70 21.76 MethodeElec MEI 1.5 10 30.02 –1.50 2.43 3.24 2.64 .11 17.86 4.31 O-I Glass OI .0 dd 7.74 –0.95 –2.58 1.22 1.62 .05 21.50 7.79 PlymouthIndREIT PLYM 6.8 dd 11.85 –1.82 –2.88 –1.95 –1.97 .20
71.38 25.42 Lennar A LEN .8 9 59.00 –1.18 ... ... 6.33 .125 53.28 22.85 MetLife MET 5.2 4 35.07 –2.25 6.06 5.39 5.94 .46 96.97 63.67 ONE Gas OGS 2.9 21 73.51 –1.00 3.51 3.55 3.85 .54 104.37 37.35 Polaris PII 2.8 21 89.97 –4.04 5.20 3.52 5.60 .62
56.32 18.87 Lennar B LEN.B 1.1 7 43.99 –1.13 ... ... 6.31 .125 51.09 15.52 MetropolitanBk MCB ... 9 30.00 +0.54 3.56 3.30 4.16 ... 78.48 12.16 ONEOK OKE 12.1 16 30.81 –4.36 3.07 3.36 2.92 .935 37.33 8.69 PolyOne POL 3.2 16 25.19 +0.54 7.58 1.35 1.74 .2025
298.49 163.40 LennoxIntl LII 1.4 25 225.33 +3.55 10.38 7.80 9.34 .77 873.51 579.40 MettlerToledo MTD ... 35 772.30 –22.94 22.47 21.03 24.80 ... 10.85 9.80 OaktreeAcqn OAC.UT ... cc 10.57 +0.23 ... ... ... ... 63.08 37.83 PortlandGenElec POR 3.8 16 40.28 –2.72 2.39 2.37 2.57 .385
10.60 9.22 LeoHoldings LHC ... dd 10.39 –0.06 –1.09 ... ... ... 27.25 3.42 MicroFocus MFGP 10.3 dd 5.37 –0.60 3.89 1.56 ... .5833 10.20 9.40 OaktreeAcqn OAC ... ... 10.18 +0.07 ... ... ... ... 112.89 68.97 PostHoldings POST ... dd 85.93 –3.75 1.66 4.19 4.75 ...
15.75 10.20 LeoUn LHC.UT ... cc 12.44 +0.87 ... ... ... ... 148.88 82.00 MidAmApt MAA 3.6 39 110.27 –4.41 3.07 1.98 2.13 1.00 1.95 0.60 OaktreeAcqnWt OAC.WT ... ... 1.30 +0.07 ... ... ... ... 19.48 10.84 PostalRealty PSTL 3.8 dd 15.04 –1.16 –.30 ... ... .20
1.50 0.16 LeoHldgsWt LHC.WT ... ... 1.16 +0.01 ... ... ... ... 38.18 25.25 MillerIndustries MLR 2.6 9 28.14 –0.06 3.43 2.00 1.72 .18 54.05 9.00 OccidentalPetrol OXY .2 dd 17.69 –2.02 –1.22 –3.81 –2.37 .01 2.08 0.27 PrecisionDrilling PDS ... dd .70 –0.08 .02 –.42 –.48 ...
23.74 9.09 LeviStrauss LEVI 3.4 13 12.25 –1.14 ... .36 .81 .08 59.18 27.28 MineralsTechs MTX .5 11 43.20 –2.02 3.78 3.72 4.35 .05 21.29 2.01 OceaneeringIntl OII ... dd 6.02 –0.66 –3.52 –.76 –.92 ... 15.32 5.27 PrefApartment APTS 9.5 dd 7.36 –0.12 –2.73 –6.66 –2.37 .175
11.82 7.86 LexingtonRealty LXP 4.1 10 10.33 –0.34 1.15 .12 .07 .105 16.95 2.77 MistrasGroup MG ... dd 3.47 –0.98 .21 –.33 .32 ... 2.23 0.28 OcwenFinancial OCN ... dd .62 +0.01 –1.06 –.73 –.35 ... 46.12 27.40 PrestigeCnsHlth PBH ... 13 36.88 –2.97 2.78 3.01 3.17 ...
16.79 2.17 LibertyOilfield LBRT .0 34 5.11 –1.45 .53 –1.13 –.89 .05 5.54 3.32 MitsubishiUFJ MUFG 4.5 10 3.93 –0.11 .38 .47 ... .1147 2.18 0.35 Oi OIBR.C ... dd 1.01 ... –1.91 –1.05 –.62 ... 13.83 4.05 PretiumResources PVG ... 35 8.12 –0.24 .22 .62 .82 ...
119.61 67.31 LifeStorage LSI 4.7 16 91.54 –2.44 5.55 3.31 3.44 1.07 16.44 6.64 MiXTelematics MIXT 2.2 20 8.78 –0.51 .44 –.02 .32 .0677 38.80 27.51 OilDriAmerica ODC 3.2 15 32.77 –1.99 1.67 1.43 1.46 .26 138.05 61.20 Primerica PRI 1.4 13 111.73 –6.37 8.62 ... 9.92 .40
1.58 0.58 LightInTheBox LITB ... 31 .82 –0.13 .02 –.01 .03 ... 3.20 1.96 MizuhoFin MFG 4.3 7 2.43 –0.06 .33 ... ... .0688 19.01 1.52 OilStatesIntl OIS ... dd 4.59 –0.48 –3.90 –1.31 –1.24 ... 16.00 6.33 PrimoWater PRMW 1.8 dd 13.63 –0.47 .02 .29 .44 .06
167.43 101.36 EliLilly LLY 1.8 27 162.83 +2.89 8.89 6.81 7.90 .74 11.00 6.20 MobileTeleSys MBT 7.9 10 9.22 +0.03 .94 61.11 68.75 .3457 24.10 11.88 OldRepublic ORI 5.3 cc 15.79 –0.63 3.51 1.57 1.70 .21 42.03 12.67 ProAssurance PRA 1.5 dd 13.32 –0.52 .02 ... ... .05
67.17 16.11 LincolnNational LNC 4.6 10 34.65 –4.95 4.38 8.35 9.52 .40 35.84 15.00 ModelN MODN ... dd 33.86 +1.42 –.60 .29 .34 ... 22.12 8.76 Olin OLN 7.4 dd 10.84 –2.04 –.07 –1.18 .55 .20 128.09 94.34 Procter&Gamble PG 2.7 65 115.23 –3.69 1.43 ... ... .7907
227.85 146.71 Linde LIN 1.9 48 206.82 –1.23 4.19 7.46 8.46 .963 14.96 2.84 ModineMfg MOD ... dd 4.95 –0.23 –.04 .66 .84 ... 45.22 13.33 OmegaHealthcare OHI 9.3 18 28.82 –0.74 1.58 1.50 1.62 .67 84.96 62.18 Progressive PGR .5 13 77.89 –3.10 6.72 6.17 5.47 .10
111.76 71.86 Lindsay LNN 1.5 50 83.51 –6.32 .20 2.78 2.46 .32 41.27 22.11 Moelis MC 3.4 14 30.10 –4.06 1.89 1.06 2.61 .255 85.05 46.37 Omnicom OMC 4.9 9 52.78 –0.55 6.06 4.43 5.47 .65 99.79 59.82 Prologis PLD 2.6 34 89.83 –2.04 2.46 ... ... .58
9.47 2.83 Linx LINX .4 cc 4.25 +0.23 .06 .06 .10 .0184 156.60 56.62 MohawkInds MHK ... 9 95.71 +2.64 10.30 3.60 6.60 ... 4.71 0.54 OnDeckCapital ONDK ... dd .75 –0.15 .36 –1.23 .08 ... 21.83 1.36 ProPetro PUMP ... 6 4.89 –0.52 1.57 –.85 –.87 ...
13.42 4.18 LionsGate A LGF.A ... dd 7.12 –0.48 ... .02 .09 ... 196.52 102.85 MolinaHealthcare MOH ... 15 169.09 –10.66 11.47 ... ... ... 29.46 9.71 OneLiberty OLP 10.5 16 17.15 +0.01 .88 ... .78 .45 21.00 7.26 ProSightGlobal PROS ... 12 9.03 –0.29 .94 .72 1.26 ...
12.56 3.87 LionsGate B LGF.B ... dd 6.60 –0.41 ... .02 .09 ... 80.00 42.00 MolsonCoorsA TAP.A .0 dd 62.00 +3.00 ... 3.11 ... .57 20.81 9.02 OneConnectFinTech OCFT ... dd 18.19 –1.96 –.77 –.65 –.47 ... 75.22 42.02 ProsperityBcshs PB 3.3 12 55.52 –5.90 4.52 5.01 4.89 .46
165.27 55.74 LithiaMotors LAD .8 13 143.22 +0.81 11.60 12.78 12.14 .30 61.94 34.01 MolsonCoorsB TAP .0 dd 34.43 –3.60 ... 3.10 3.54 .57 48.92 12.21 OneMain OMF 5.6 4 23.69 –2.27 6.27 5.67 6.55 .33 136.85 63.19 ProtoLabs PRLB ... 48 109.60 –0.34 2.35 1.88 2.39 ...
6.03 1.92 LithiumAmericas LAC ... 8 4.30 –0.24 .58 –.53 –.17 ... 15.53 8.42 MonmouthRealEst MNR 5.0 dd 13.57 –0.92 .12 –.56 .43 .17 8.69 3.68 OneSmartIntl ONE ... 79 4.00 –0.04 .22 –.54 1.79 ... 25.86 9.05 ProvidentFinSvcs PFS 7.0 9 13.06 –0.01 1.74 1.13 1.44 .23
76.60 21.70 LiveNationEnt LYV ... dd 42.62 –3.89 –.02 –5.27 –.49 ... 8.30 1.99 MontageRscs MR ... 3 3.53 –1.19 .95 ... –1.05 ... 42.50 20.32 OntoInnovation ONTO ... dd 33.00 –0.95 .06 1.60 2.72 ... 103.56 38.62 PrudentialFin PRU 7.6 8 58.10 –4.99 10.11 9.20 11.49 1.10
9.95 9.60 LiveOakAcqn LOAK ... ... 9.81 +0.13 ... ... ... ... 287.25 164.19 Moody's MCO .8 33 268.98 –6.25 7.42 8.39 9.38 .56 15.98 7.45 Ooma OOMA ... dd 15.66 +1.92 –.89 .21 .28 ... 44.84 15.68 Prudential PUK 3.2 47 29.23 –0.18 .61 3.16 3.53 .5194
10.10 9.61 LiveOakAcqnUn LOAK.UT ... ... 10.05 +0.09 ... ... ... ... 96.50 32.49 Moog A MOG.A .0 9 48.56 –0.33 ... 3.95 ... .25 31.82 14.21 Oppenheimer A OPY 2.5 5 19.37 –0.64 ... ... ... .12 63.88 34.75 PublicServiceEnt PEG 4.1 17 47.50 –1.21 3.33 3.35 3.45 .49
1.25 0.37 LiveOakAcqnWt LOAK.WT ... ... .69 –0.02 ... ... ... ... 57.57 27.20 MorganStanley MS 3.0 10 47.05 +0.12 5.19 3.69 4.61 .35 60.50 39.71 Oracle ORCL 1.8 18 54.18 –0.22 3.08 4.00 4.34 .24 266.76 155.37 PublicStorage PSA 4.2 26 189.28 –1.31 7.29 6.99 6.99 2.00
12.29 3.95 Livent LTHM ... 27 5.74 –1.93 .34 .29 ... ... 25.71 6.50 Mosaic MOS 1.7 dd 12.08 –0.82 –2.78 .15 .80 .05 16.64 9.93 Orange ORAN ... 10 11.58 –0.04 1.15 ... 1.22 ... 47.37 17.12 PulteGroup PHM 1.5 8 31.93 –2.74 3.66 3.18 3.27 .12
53.59 23.44 LiveRamp RAMP ... dd 43.29 –1.37 –1.84 –.30 .18 ... 187.49 120.77 MotorolaSol MSI 1.8 27 138.78 –0.10 4.95 7.37 8.44 .64 6.94 1.53 OrchidIslandCap ORC 14.3 dd 4.63 +0.11 .43 –.09 .71 .055 20.50 7.93 PureStorage PSTG ... dd 17.21 –0.07 –.79 .25 .37 ...
3.58 1.27 LloydsBanking LYG 3.8 8 1.47 –0.06 .18 .07 .20 .0556 28.78 8.12 Movado MOV .0 dd 10.10 –1.59 ... –.10 1.14 .20 21.87 5.93 OrionEngCarbons OEC .0 7 9.72 –1.35 1.45 .53 1.08 .20 11.58 3.62 Puxin NEW ... dd 5.32 –0.68 –.88 2.61 7.19 ...
442.53 266.11 LockheedMartin LMT 2.7 16 356.76 –15.44 21.95 24.16 26.44 2.40 34.11 16.78 MuellerIndustries MLI 1.6 12 24.42 –0.52 1.79 –.12 1.00 .10 5.99 1.53 OrionGroup ORN ... 17 2.98 –0.39 –.18 .22 .24 ... 10.15 3.46 PzenaInvtMgmt PZN 2.2 20 5.53 +0.56 .46 .70 .75 .03
56.88 27.33 Loews L .8 dd 32.81 –1.92 3.07 3.40 3.50 .0625 12.71 6.64 MuellerWater MWA 2.3 13 9.00 –0.16 .40 .41 .49 .0525 89.21 52.65 Orix IX 4.7 6 63.07 –2.81 10.92 ... 10.99 1.9155 7.42 0.26 QEP Resources QEP 6.6 1 1.22 –0.37 –.41 .22 –.61 .02
12.90 3.01 LomaNegra LOMA ... 9 4.36 ... .07 .61 .70 ... 28.12 4.50 MurphyOil MUR 4.1 3 12.24 –2.88 6.98 –2.21 –2.25 .125 87.07 55.22 OrmatTech ORA .7 35 60.57 –7.17 1.72 1.77 2.27 .11 68.97 42.64 QTS Realty QTS 3.0 dd 63.37 +0.29 ... ... ... .47
11.11 10.00 LongviewAcqn LGVW.UT ... ... 10.02 –0.01 ... ... ... ... 121.24 78.75 MurphyUSA MUSA ... 14 110.71 –3.08 4.86 ... ... ... 95.62 46.72 Oshkosh OSK 1.7 10 69.29 –4.18 8.21 3.96 5.67 .30 93.90 47.17 Q2Holdings QTWO ... dd 84.21 +3.67 –1.53 –.02 .26 ...
34.35 12.97 LouisianaPacific LPX 2.4 cc 23.76 –0.60 –.04 1.89 2.02 .145 19.55 6.91 MyersIndustries MYE 4.0 14 13.62 +0.08 .68 .59 .72 .135 13.43 4.65 OsiskoGoldRoyal OR 1.5 dd 9.68 +0.29 –1.17 ... ... .0355 44.41 25.04 Qiagen QGEN ... dd 43.50 +0.92 –.18 1.64 1.71 ...
137.29 60.00 Lowe's LOW 1.7 22 129.41 –4.42 5.49 6.65 7.28 .55 22.07 4.14 MyovantSciences MYOV ... dd 20.39 +3.72 –3.37 ... ... ... 10.33 9.11 OspreyTechA SFTW ... ... 9.96 +0.17 ... ... ... ... 12.12 2.00 QuadGraphics QUAD .0 dd 3.11 –0.32 ... .45 .43 .15
2.65 0.46 Luby's LUB ... dd 1.42 –0.08 –.51 .04 .08 ... 1.20 0.51 OspreyTechWt SFTW.WT ... ... .97 +0.02 ... ... ... ... 207.74 108.14 QuakerChemical KWR .9 dd 170.48 +0.50 2.08 3.85 6.53 .385
13.48
25.70
3.77
10.27
LumberLiqu
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3.8
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28
13.31
13.00
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.34
.11
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.89
.27
1.43
...
.125 NO 61.46
31.20
38.00
7.07
OtisWorldwide
OutfrontMedia
OTIS
OUT
1.4
.0
...
15
55.79
14.05
–1.21
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...
.97
2.05
.21
2.27
.87
.20
.38
20.42
44.09
7.90
23.77
QuanexBldg
QuantaServices PWR
NX 2.6
.5
dd
18
12.51
38.64
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...
...
3.16
.82
4.20
.08
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26.99 4.79 Lydall LDL ... dd 11.59 –1.74 –4.08 –.49 1.05 ... 2.81 1.51 OverseasShip OSG ... 5 1.76 –0.26 .10 ... ... ... 9.21 1.21 Qudian QD ... 2 1.74 +0.01 1.70 –.72 3.15 ...
98.91 33.71 LyondellBasell LYB 6.6 8 63.37 –3.17 9.58 10.88 7.51 1.05 66.40 21.01 NACCO Inds NC 3.6 5 21.25 –2.42 ... 13.45 15.50 .1925 28.75 2.10 Ovintiv OVV 4.2 3 8.85 –1.90 .90 ... –.87 .0938 125.00 73.02 QuestDiag DGX 2.0 19 110.22 +1.95 6.28 6.69 7.52 .56
35.87 10.55 NCR NCR ... 5 16.22 –1.60 3.36 ... 2.29 ... 9.69 2.43 Owens&Minor OMI .1 dd 7.22 –0.12 –1.03 .50 .64 .0025 4.04 0.59 QuintanaEnergy QES ... dd .95 –0.29 –2.24 –1.07 –.60 ...
M
15.71 1.15 NGL Energy NGL 20.6 dd 3.88 –1.44 –4.59 ... ... .20 68.72 28.56 OwensCorning OC 1.8 dd 54.12 –0.92 3.68 2.57 3.72 .24 11.99 4.55 QuotientTech QUOT ... dd 7.08 –0.36 –.41 –.44 –.27 ...
7.90 1.19 NIO NIO ... dd 6.90 –0.44 ... –6.08 –4.17 ... 19.19 8.09 OwlRock ORCC 9.9 63 12.50 –0.04 1.53 1.40 1.23 .08
RS
5.45 2.28 NL Industries NL ... 11 2.85 –0.71 .53 ... .85 ... 80.55 30.37 OxfordIndustries OXM 2.5 dd 39.62 –3.30 4.05 ... 3.01 .25
174.93 85.09 M&T Bank MTB 4.4 8 100.46 –10.59 ... 7.72 ... 1.10 15.33 4.05 NOW DNOW ... dd 8.15 –0.70 –.89 –.88 –.58 ...
PQ
10.90 4.93 MBIA MBI ... dd 6.83 +0.28 –4.43 –1.37 –.78 ... 41.78 19.54 NRG Energy NRG 3.8 2 31.57 –2.51 16.94 4.21 4.71 .30
48.99 15.75 MDC Holdings MDC 4.0 9 32.73 –0.74 3.72 ... ... .33 4071.13 2043.01 NVR NVR ... 14 3167.64 –130.64 221.13 177.29 175.18 ... 27.26 16.81 RELX RELX 2.4 24 23.46 –0.04 .99 ... 1.22 .3951
32.22 15.00 MDU Rscs MDU 3.9 13 21.09 –0.09 1.69 1.59 1.83 .2075 167.50 9.79 NaborsIndustries NBR 5.9 dd 33.77 –13.80 –105.50 –102.18 –105.62 .50 40.78 14.40 RE/MAX RMAX 2.8 24 30.92 –1.33 1.40 1.83 2.13 .22
8.09 0.32 MFA Financial MFA .0 dd 2.30 –0.24 .79 .78 .81 .20 10.75 3.66 NamTaiProperty NTP ... dd 5.90 –0.46 –.34 1.10 1.38 ... 34.91 5.19 PBF Energy PBF .0 dd 9.57 –3.31 2.64 ... ... .30 14.99 3.50 REV REVG .0 dd 5.95 –0.42 –.20 –.07 .97 .05
15.24 4.34 MGIC Investment MTG 3.2 4 7.59 –0.69 1.85 1.16 1.64 .06 37.97 20.25 NatlBankHoldings NBHC 3.2 10 24.91 –2.04 2.55 1.84 1.60 .20 22.00 3.06 PBF Logistics PBFX 12.6 5 9.52 –2.28 1.71 1.81 1.95 .30 265.87 73.14 RH RH ... 34 254.24 +4.12 9.07 ... 13.58 ...
34.37 11.43 MGMGrowthProp MGP 7.3 82 26.81 –1.43 .97 .58 ... .4875 54.61 31.58 NationalFuelGas NFG 4.5 38 39.86 –0.82 3.51 2.85 ... .435 24.12 3.55 PG&E PCG ... dd 9.13 –1.09 –14.50 ... ... ... 99.93 66.02 RLI RLI 1.2 56 78.83 –3.09 4.23 2.25 2.41 .24
34.64 5.90 MGM Resorts MGM .1 3 15.72 –2.49 3.88 –3.08 –.83 .0025 69.08 44.29 NationalGrid NGG 5.2 26 59.19 –0.56 2.32 3.61 3.65 2.0126 18.48 6.88 PGT Innovations PGTI ... 17 14.57 –0.64 .74 .65 .81 ... 18.17 3.88 RLJ Lodging RLJ .5 34 8.79 –0.88 .59 ... –.46 .01
48.02 9.62 MI Homes MHO ... 6 30.88 –1.73 4.48 4.80 5.42 ... 91.12 31.37 NatlHealthInv NHI 7.5 14 59.06 –0.87 3.67 4.21 3.69 1.1025 58.00 23.63 PJT Partners PJT .4 26 48.93 –3.50 1.21 2.62 3.45 .05 10.68 9.60 RMG Acqn RMG.UT ... cc 10.47 +0.02 .13 ... ... ...
3.65 0.88 MOGU MOGU ... dd 1.75 +0.08 ... –.63 .64 ... 25.81 8.00 NatlOilwell NOV .0 dd 12.19 +0.45 –15.96 –.49 –.44 .05 26.28 15.91 PLDT PHI 4.3 12 24.06 +0.09 2.01 2.32 2.25 .6935 10.50 9.03 RMGAcqn RMG ... cc 10.22 +0.07 .13 ... ... ...
32.65 6.87 MPLX MPLX 15.7 dd 17.31 –0.97 1.00 .45 2.36 .6875 97.90 66.60 NatlPrestoInds NPK 1.2 13 83.35 –0.77 6.01 8.87 9.64 5.00 161.79 79.41 PNC Fin PNC 4.6 9 100.93 –7.30 11.39 5.57 7.68 1.15 0.90 0.40 RMG Acqn Wt RMG.WT ... ... .65 +0.05 ... ... ... ...
17.67 3.31 MRC Global MRC ... 88 5.63 –0.19 .18 –.39 –.30 ... 59.26 24.04 NatlRetailProp NNN 6.0 23 34.54 –1.30 1.56 1.73 1.66 .515 56.14 27.08 PNM Resources PNM 3.3 68 37.10 –0.40 .97 2.17 2.34 .3075 7.53 1.72 RPC RES ... dd 2.97 –0.27 –.41 –.39 –.30 ...
142.34 83.57 MSA Safety MSA 1.6 28 110.58 +4.82 3.48 4.49 4.97 .43 38.22 19.34 NatlStorage NSA 4.9 dd 26.91 –1.36 –.15 .14 .22 .33 54.53 26.27 POSCO PKX 4.2 10 37.44 –0.98 4.89 3.10 5.11 .3026 80.10 42.85 RPM RPM 2.0 28 71.50 –3.92 2.01 2.93 ... .36
356.66 206.82 MSCI MSCI .8 53 332.20 –1.26 6.59 7.01 7.87 .68 23.90 7.93 Natura&Co NTCO .0 dd 14.34 –1.47 .09 .16 .33 .067 134.36 69.77 PPG Ind PPG 2.0 21 102.14 –1.58 5.22 4.43 5.98 .51 15.18 4.62 RPTRealty RPT .0 8 6.60 –0.11 1.04 –.07 –.16 .22
79.87 44.93 MSC Industrial MSM 4.3 14 69.61 –2.09 5.20 4.34 4.38 .75 16.73 2.62 NaturalGasSvcs NGS ... dd 6.50 +0.45 –1.06 ... ... ... 36.83 18.12 PPL PPL 6.6 10 25.07 –0.93 2.37 2.51 2.45 .415 4.83 0.72 RR Donnelley RRD .0 dd 1.07 –0.17 –1.31 .36 .25 .03
21.14 8.52 MSG Networks MSGN ... 4 9.73 –0.88 ... 2.66 2.53 ... 16.39 5.41 NaturalGrocers NGVC 2.1 20 13.45 +1.42 .42 .40 .44 .07 17.26 8.50 PQ Group PQG ... 22 12.64 –0.36 .59 .94 .99 ... 2.25 0.14 RTW Retail RTW ... dd .23 –0.07 –.96 ... .15 ...
10.45 3.00 MVC Capital MVC 10.4 dd 6.52 –0.14 ... –.96 .58 .17 36.93 8.50 NaturalResPtrs NRP .0 dd 12.24 –0.42 –4.35 1.72 2.96 .45 75.40 19.73 PROS PRO ... dd 42.53 –1.43 –1.72 –.68 –.26 ... 6.90 2.22 RYBEducation RYB ... dd 2.79 –0.17 ... –1.46 .05 ...
8.50 1.76 MV Oil MVO 22.0 4 4.16 –0.03 ... 2.80 3.74 .205 2.65 0.37 Natuzzi NTZ ... ... 1.14 –0.10 –3.41 2.86 .26 ... 192.13 102.48 PSBusinessParks PSB 3.4 27 123.66 –8.16 3.95 2.32 2.29 1.05 3.67 0.35 RaMedicalSys RMED ... dd .48 –0.09 –4.33 ... ... ...
34.15 4.81 Macerich MAC 24.8 8 8.05 –0.80 .68 –.09 .10 .50 8.75 1.20 Nautilus NLS ... dd 8.41 +0.26 –3.13 –.04 –.09 ... 108.06 28.40 PVH PVH .0 dd 44.66 –2.19 5.60 ... 5.79 .0375 26.32 9.53 RadianGroup RDN 3.4 5 14.58 –1.11 3.20 1.89 2.61 .125
24.09 12.90 Mack-Cali CLI 5.3 dd 15.07 –0.67 .95 –.61 –.61 .20 13.99 3.80 NavigatorHldgs NVGS ... dd 6.25 –1.50 –.30 ... ... ... 2.24 0.15 PacificCoastOil ROYT 29.8 1 .36 –0.03 .01 .22 .08 .0038 30.86 9.40 Rafael RFL ... dd 14.84 +0.97 ... ... ... ...
45.93 12.50 MacquarieInfr MIC .0 27 29.93 –1.25 1.82 .22 1.36 1.00 11.52 2.09 NaviosMaritime NNA 31.4 dd 3.82 –0.48 –4.75 6.39 3.89 .30 13.96 0.35 PacificDrilling PACD ... dd .52 –0.10 –7.42 –3.87 ... ... 128.29 59.82 RalphLauren RL .0 14 67.70 –3.69 ... 2.24 6.34 .6875
23.40 4.38 Macy's M .0 dd 6.02 –0.86 1.81 –4.18 .64 .3775 8.10 1.30 NaviosMaritime NM ... dd 2.05 –0.33 –12.43 –2.03 10.54 ... 114.78 71.05 PackagingCpAm PKG 3.3 14 95.68 –4.07 7.34 5.27 5.14 .79 8.25 1.61 RangeResources RRC .0 dd 5.15 –1.11 –6.92 –.29 .14 .02
100.00 58.67 MSG Entertainment MSGE ... ... 72.53 –5.82 ... –7.89 –3.76 ... 21.30 4.08 NaviosMaritime NMM 12.4 dd 9.69 +1.06 –5.62 3.06 4.09 .30 51.88 12.33 PagerDuty PD ... dd 29.11 –1.47 –.77 –.27 –.19 ... 8.11 2.49 RangerEnergySvcs RNGR ... 14 2.72 –0.18 .21 .21 –1.33 ...
225.62 130.12 MSG Sports MSGS ... dd 145.35 –13.65 .48 –3.96 –.79 ... 38.00 15.01 NavistarIntl NAV ... 15 27.73 +0.37 2.22 –.33 1.35 ... 53.43 13.58 PagSeguroDig PAGS ... 33 34.27 –1.86 ... 4.64 6.22 ... 9.40 4.32 Ranpak PACK ... dd 6.94 –0.71 ... –.10 .03 ...
67.75 22.02 MagellanMid MMP 9.9 9 41.15 –3.13 4.46 ... ... 1.0275 77.55 33.44 Neenah NP 4.0 13 46.49 –3.50 3.26 1.65 2.76 .47 251.11 125.47 PaloAltoNtwks PANW ... dd 225.39 –5.34 –.87 4.78 5.79 ... 1.60 0.51 RanpakWt PACK.WT ... ... 1.52 –0.03 ... ... ... ...
57.09 22.75 MagnaIntl MGA 3.7 14 42.82 –1.22 5.61 ... ... .40 69.97 36.70 Nelnet NNI 1.8 30 44.49 –2.92 ... 2.76 5.55 .20 36.41 8.72 PampaEnergia PAM ... 1 10.51 +0.37 9.50 –.12 1.87 ... 102.45 54.21 RaymondJames RJF 2.2 10 66.40 –7.26 7.17 5.14 ... .37
16.06 6.30 MagnaChipSem MX ... dd 9.97 –0.93 –.64 .28 .79 ... 10.34 4.03 NeoPhotonics NPTN ... cc 8.45 –0.53 –.36 .34 .60 ... 15.29 2.44 PanhandleOil&Gas PHX 1.6 dd 2.54 –0.44 –2.43 –.05 .39 .01 6.81 0.90 RayonierAdvMatls RYAM ... dd 2.34 –0.53 –.57 –1.31 –.67 ...
13.29 3.23 MagnoliaOil MGY ... dd 5.49 –0.37 .28 ... .39 ... 10.25 1.38 Nesco NSCO ... dd 4.66 +0.44 –.82 –.56 .36 ... 25.69 5.72 ParPacific PARR ... dd 8.63 –0.96 .80 1.21 .41 ... 33.10 15.96 Rayonier RYN 4.5 52 24.11 –0.97 .46 .14 .46 .27
45.10 14.11 MainStreetCap MAIN 8.0 dd 30.79 –1.68 2.06 1.98 2.15 .205 1.45 0.08 NescoWt NSCO.WT ... ... .24 +0.03 ... ... ... ... 35.10 9.64 ParTechnology PAR ... dd 29.08 –0.97 –.96 –.49 –.56 ... 93.45 40.71 RaytheonTech RTX 3.2 12 59.10 –5.79 6.41 ... ... .475
9.52 1.00 Mallinckrodt MNK ... dd 2.77 +0.19 –11.88 6.10 4.11 ... 148.05 60.51 Nevro NVRO ... dd 115.21 –12.43 –3.37 –2.00 –2.04 ... 15.00 6.42 ParamountGroup PGRE 5.2 dd 7.62 –0.24 –.16 .06 .04 .10 16.90 3.92 ReadyCapital RC 11.7 dd 8.52 –0.11 1.72 1.06 .95 .25
20.48 12.06 ManchesterUnited MANU 1.2 dd 15.10 –1.12 .15 .02 –.04 .09 10.83 7.00 NewFrontierHlth NFH ... dd 8.04 +0.09 ... –.37 .01 ... 19.29 9.14 ParkAerospace PKE 3.7 23 10.73 –0.38 .47 .62 .78 .10 13.88 2.09 Realogy RLGY .0 dd 7.04 –0.30 –1.65 ... 1.11 .09
18.55 7.24 Manitowoc MTW ... 6 10.47 –0.72 1.31 ... ... ... 1.95 0.66 NewFrontierWt NFH.WT ... ... 1.36 –0.02 ... ... ... ... 28.03 3.99 ParkHotels PK .0 dd 9.50 –1.21 1.44 ... ... .45 84.92 38.00 RealtyIncome O 4.8 40 58.41 –3.12 1.38 ... 1.55 .2335
3.94 0.99 Manning&Napier MN .0 40 2.89 +0.05 .09 .12 .42 .02 6.00 0.94 NewHome NWHM ... dd 3.01 –0.34 –.40 .37 .47 ... 215.94 93.00 ParkerHannifin PH 2.0 17 172.54 –10.40 11.48 10.70 11.87 .88 7.39 1.16 RedLionHotels RLH ... dd 2.44 +0.44 –.76 ... ... ...
100.99 49.57 Manpower MAN 3.2 10 67.75 –1.35 7.72 7.67 5.41 1.09 50.62 21.14 NewJerseyRscs NJR 4.0 16 31.26 –0.37 1.89 2.10 2.29 .3125 20.80 3.92 ParsleyEnergy PE 1.5 dd 10.62 –0.29 .63 .09 .19 .05 18.01 2.14 RedwoodTrust RWT 7.5 dd 6.65 +0.04 1.46 .74 .70 .125
21.23 8.62 ManulifeFin MFC 6.3 7 13.06 –0.67 2.09 1.74 2.12 .1892 14.45 4.62 NewMountainFin NMFC 13.3 dd 9.02 –0.10 1.22 1.21 1.19 .30 45.40 24.67 Parsons PSN ... 27 34.16 –3.41 1.30 1.80 2.14 ... 90.65 51.99 RegalBeloit RBC 1.4 18 84.27 +1.37 5.66 4.34 5.46 .30
14.70 3.02 MarathonOil MRO .0 18 5.74 –0.62 .59 ... ... .05 142.38 89.88 NewOrientalEduc EDU ... 48 133.50 –3.40 1.50 ... 3.87 ... 7.77 0.26 PartyCity PRTY ... dd 1.36 –0.44 –5.71 –.68 ... ... 34.93 10.33 RegionalMgmt RM ... 6 16.72 –1.64 3.80 ... 2.58 ...
69.65 15.26 MarathonPetrol MPC 6.6 dd 35.37 –2.82 3.97 –2.38 2.20 .58 96.46 33.49 NewRelic NEWR ... dd 67.87 –1.90 –1.52 ... ... ... 342.00 163.42 PaycomSoftware PAYC ... 91 306.37 –11.79 3.09 ... ... ... 17.54 6.94 RegionsFin RF 5.8 8 10.65 –1.35 1.50 .76 1.30 .155
38.24 21.90 Marcus&Millichap MMI ... 14 27.14 –2.19 1.95 .65 1.56 ... 17.66 2.91 NewResidInvt NRZ 5.6 dd 7.14 –0.31 1.34 .83 1.43 .10 24.56 2.51 PeabodyEnergy BTU .0 dd 3.04 –0.10 –2.04 –3.61 –2.13 .145 23.27 4.22 Regis RGS ... dd 7.57 –1.05 –.34 .52 .49 ...
37.64 6.95 Marcus MCS .0 19 12.35 –1.57 1.35 –2.68 .51 .17 8.35 1.72 NewSeniorInvt SNR 7.8 dd 3.32 –0.44 ... –.39 –.35 .065 11.51 5.08 Pearson PSO 3.4 16 7.07 –0.16 .43 .40 .52 .1664 169.26 55.39 ReinsGrp RGA 3.7 8 74.98 –8.95 13.62 6.52 12.68 .70
16.51 6.77 MarineProducts MPX 2.4 18 13.41 +1.00 .83 .45 .52 .08 13.79 8.19 NY CmntyBcp NYCB 7.0 13 9.73 –0.76 .77 .82 .99 .17 29.57 5.39 PebblebrookHotel PEB .0 14 12.93 –0.64 .63 .28 –.29 .01 122.17 70.57 RelianceSteel RS 2.8 11 90.41 –5.34 10.34 4.85 7.01 .625
23.15 7.25 MarineMax HZO ... 12 22.11 +1.25 1.57 1.27 1.37 ... 43.32 26.13 NYTimes A NYT .6 49 41.79 –0.11 ... .56 ... .06 40.65 10.58 PembinaPipeline PBA 7.9 12 23.68 –2.05 2.00 ... 1.69 .1506 202.68 113.27 RenaissanceRe RNR .8 21 167.50 –10.95 16.29 7.69 15.11 .35
1347.64 710.52 Markel MKL ... dd 882.33 –48.43 129.07 ... ... ... 505.16 304.65 NewMarket NEU 2.0 16 386.64 –22.23 22.73 21.48 23.16 1.90 6.68 0.80 PA Reit PEI 5.8 dd 1.39 +0.03 –.52 –.46 –1.21 .02 2.09 0.85 ReneSola SOL ... dd 1.15 –0.05 ... –.08 .04 ...
131.27 30.10 MarriottVacations VAC .0 cc 77.50 –8.51 3.09 9.48 ... .54 69.13 33.00 Newmont NEM 1.7 14 59.34 +2.42 3.81 ... ... .25 43.14 13.14 PennyMacFin PFSI 1.1 5 42.25 +0.52 4.89 4.69 6.86 .12 5.50 0.45 Renren RENN ... ... 3.70 –0.34 –2.45 –1.65 –1.65 ...
119.88 74.33 Marsh&McLen MMC 1.7 30 104.75 +1.17 3.41 4.59 5.07 .455 8.08 0.65 NewparkResources NR ... dd 1.91 –0.20 –.14 –.60 –.18 ... 23.79 3.50 PennyMacMtg PMT 9.2 dd 17.48 +0.79 2.42 –3.49 1.97 .40 10.48 9.49 ReplayAcqn RPLA ... 70 10.15 +0.02 .16 ... ... ...
281.82 135.08 MartinMarietta MLM 1.1 21 202.79 –8.23 9.74 8.77 9.65 .55 10.98 2.57 NexaResources NEXA 5.7 dd 6.66 +1.13 –1.11 –2.14 –.31 .3775 53.81 19.99 PenskeAuto PAG .0 8 36.45 –1.76 5.28 2.73 4.81 .42 10.64 9.60 ReplayAcqnUn RPLA.UT ... ... 10.59 +0.14 ... ... ... ...
50.10 27.04 Masco MAS 1.1 31 48.30 –0.19 3.22 2.25 2.84 .135 19.50 6.34 NexPointRealEst NREF 7.4 ... 16.71 +0.32 ... .79 1.35 .40 47.43 22.01 Pentair PNR 2.1 16 35.80 –2.20 2.09 2.05 2.35 .19 0.90 0.30 ReplayAcqnWt RPLA.WT ... ... .75 +0.08 ... ... ... ...
89.21 34.88 MasoniteIntl DOOR ... 26 71.63 +3.68 1.77 2.76 4.58 ... 52.87 21.06 NexPointResidentl NXRT 3.7 6 33.36 –1.48 4.03 –.24 –1.81 .3125 194.93 121.80 Penumbra PEN ... cc 170.67 –7.25 1.34 –.06 1.18 ... 100.91 65.37 RepublicSvcs RSG 2.0 24 80.52 +0.58 3.33 2.78 3.24 .405
73.71 22.51 MasTec MTZ ... 9 43.41 –1.34 5.17 ... 3.90 ... 283.35 174.80 NextEraEnergy NEE 2.4 33 236.22 –5.99 7.76 ... ... 1.40 54.49 7.41 PerformanceFood PFGC ... 28 27.88 +1.72 1.59 1.45 2.24 ... 22.27 3.72 ResideoTech REZI ... dd 10.98 –0.35 .29 .82 1.31 ...
347.25 199.99 Mastercard MA .6 37 289.34 –7.16 ... 6.55 8.69 .40 56.74 35.40 NextEraEnergyUn NEE.PRO 4.9 ... 48.10 –1.26 ... ... ... .609 105.70 62.91 PerkinElmer PKI .3 46 93.93 –4.43 2.04 3.83 4.59 .07 189.06 108.85 ResMed RMD .8 53 185.63 +12.91 2.80 4.46 4.61 .39
20.57 1.11 MatadorRscs MTDR ... 4 7.90 –2.31 .75 ... ... ... 50.00 33.92 NextEraEnergyUn NEE.PRP 6.6 ... 42.07 –1.27 ... ... ... .6599 6.11 2.38 PermianBasin PBT 13.5 7 3.27 –0.06 .42 1.12 1.29 .0018 7.33 1.14 ResoluteForest RFP ... dd 1.94 –0.15 –.51 –1.15 ... ...
68.75 26.15 Materion MTRN .8 40 58.53 –0.26 2.45 1.91 2.98 .115 61.87 29.01 NextEraEnergy NEP 4.2 dd 50.15 –1.81 –1.51 1.29 ... .555 2.89 0.67 PermianvilleRT PVL 23.8 4 1.28 –0.06 ... .24 .05 .0038 79.46 25.08 RestaurantBrands QSR 4.0 23 52.63 –1.54 ... 2.04 2.71 .52
42.16 23.75 Matson MATX 3.2 16 27.47 –1.91 1.91 .91 1.86 .22 7.21 1.00 NexTierOilfield NEX ... dd 2.20 –0.67 –.86 –1.39 –1.25 ... 8.50 1.00 PermRock PRT 17.4 4 2.93 –0.19 ... .36 .15 .015 14.30 2.87 RetailPropofAmer RPAI .0 48 7.03 +0.56 .15 .20 .17 .1656
13.62 8.50 MauiLand MLP ... dd 10.49 –0.32 –.54 –.27 –.24 ... 24.69 11.62 NielsenHoldings NLSN 1.7 dd 14.08 –0.66 –1.17 1.48 1.60 .06 63.86 40.01 Perrigo PRGO 1.7 39 53.94 –0.93 1.07 4.05 4.37 .225 38.85 8.32 RetailValue RVI 16.6 7 12.36 –0.24 2.46 .66 –1.67 2.05
21.45 6.06 MaxarTech MAXR .2 9 18.39 +3.05 1.83 ... –.79 .01 105.62 60.00 Nike NKE 1.0 59 93.67 –2.11 ... ... 3.28 .245 29.88 14.03 Perspecta PRSP 1.3 dd 21.70 –2.07 –4.17 1.96 ... .07 27.46 8.68 Revlon REV ... dd 9.73 –0.47 –2.97 2.69 3.29 ...
82.02 46.42 Maximus MMS 1.6 21 69.43 +1.41 3.72 3.01 4.04 .28 17.86 0.38 NineEnergy NINE ... dd 1.95 –0.40 –7.43 –2.94 –2.27 ... 56.66 27.74 PetroChina PTR 4.2 9 33.46 –1.55 ... ... ... .3333 41.22 7.17 Revolve RVLV ... dd 15.11 –1.20 –.09 .22 .52 ...
26.20 7.79 MaxLinear MXL ... dd 21.23 +1.81 –.28 ... ... ... 30.67 19.56 NiSource NI 3.8 45 22.35 –0.62 .87 1.32 1.39 .21 16.95 4.01 PetroleoBrasil PBR 2.4 dd 8.03 –0.38 1.56 –.57 .51 .0931 98.79 33.81 RexAmerRes REX ... dd 64.72 –5.06 1.18 2.77 4.30 ...
15.94 3.89 MayvilleEngg MEC ... dd 7.17 –0.20 –.27 –.24 ... ... 45.28 20.42 NoahHoldings NOAH ... 14 25.29 –0.19 ... ... ... ... 15.67 4.16 PetroleoBrasilA PBR.A 4.9 dd 7.64 –0.33 1.56 –.55 .51 .098 53.48 31.79 RexfordIndlRealty REXR 2.1 85 41.03 +0.04 .47 .35 .10 .215
182.92 112.23 McCormick MKC 1.4 32 176.25 +4.05 ... 5.66 5.58 .62 2.32 0.12 Noble NE ... dd .30 –0.07 –2.81 ... ... ... 44.56 27.88 Pfizer PFE 4.7 11 32.04 –1.38 2.87 ... 2.73 .38 35.64 18.87 Rexnord RXN 1.2 20 27.68 –1.53 1.45 ... ... .08
181.92 113.12 McCormickVtg MKC.V 1.4 32 175.36 +1.90 ... 5.66 5.58 .62 5.77 2.34 Nokia NOK 1.0 ... 4.34 +0.01 ... .25 .32 .0558 90.17 56.01 PhilipMorris PM 6.8 14 68.87 –3.33 4.61 ... ... 1.17 296.39 112.68 RingCentral RNG ... dd 289.29 +13.12 ... .92 1.19 ...
221.93 124.23 McDonalds MCD 2.8 24 179.74 –6.82 7.88 5.78 8.03 1.25 23.06 14.08 NomadFoods NOMD ... 21 20.96 –0.97 ... ... ... ... 119.92 40.04 Phillips66 PSX 5.3 cc 68.07 –6.63 6.77 2.21 6.77 .90 64.02 35.35 RioTinto RIO 6.8 11 55.80 +0.78 ... 5.10 4.44 2.31
2.14 0.53 McEwenMining MUX ... dd .97 +0.08 –.17 ... ... ... 5.41 3.18 NomuraHoldings NMR 3.6 8 4.49 +0.05 .62 ... ... .0459 65.22 19.00 Phillips66Ptrs PSXP 9.8 8 35.54 –3.43 4.29 ... 4.05 .875 45.16 25.92 RitchieBros RBA 2.0 28 39.58 –0.19 1.37 1.22 1.58 .20
172.18 112.60 McKesson MCK 1.1 29 148.21 –8.49 4.95 14.30 16.97 .41 33.70 8.92 Norbord OSB 3.1 dd 20.89 –0.25 –.51 .35 2.17 .0362 3.59 1.15 PhoenixNewMedia FENG .0 1 1.49 –0.13 ... ... .57 1.3712 23.88 5.04 RiteAid RAD ... dd 15.09 +2.68 –8.50 .26 .72 ...
3.43 1.28 Mechel MTL ... dd 1.77 –0.07 .18 .40 .45 ... 9.00 1.66 NordicAmTankers NAT 10.5 26 4.10 –0.35 –.07 .94 .30 .20 13.90 5.42 PhoenixTree DNK ... dd 9.21 +0.59 ... –14.46 –5.26 ... 63.97 32.38 RobertHalf RHI 2.7 13 50.60 –0.50 3.90 2.39 3.00 .34
44.72 16.04 Medallia MDLA ... dd 26.25 –0.88 –1.35 .02 .08 ... 43.37 12.27 Nordstrom JWN .0 dd 14.69 –2.38 3.18 –2.91 3.51 .37 34.85 16.01 Phreesia PHR ... dd 27.02 –1.26 –4.50 –.46 –.37 ... 230.71 115.38 Rockwell ROK 2.0 34 205.27 –3.86 5.83 7.25 7.62 1.02
24.29 12.35 MedicalProp MPW 5.9 22 18.26 –0.99 .87 1.00 1.18 .27 219.88 112.62 NorfolkSouthern NSC 2.2 18 169.81 –0.45 10.25 8.66 10.60 .94 20.78 11.01 PhysiciansRealty DOC 5.3 43 17.45 –0.38 .39 .32 ... .23 54.82 32.20 RogersComm B RCI ... 13 39.62 –2.00 ... 2.48 2.94 ...
133.18 49.03 Medifast MED 3.4 21 131.61 +12.89 6.43 7.03 7.97 1.13 13.17 4.11 NorthAmConstr NOA 1.9 5 6.14 –0.14 1.09 .92 1.32 .0285 24.78 12.86 PiedmontOfficeA PDM 5.2 11 16.06 –0.57 1.82 .32 .43 .21 183.34 75.72 Rogers ROG ... 69 118.71 +2.96 2.53 4.02 5.69 ...
2.82 0.35 MedleyCapital MCC ... dd .79 –0.11 –1.77 –.04 –.18 ... 7.60 2.19 NoEuroOil NRT 24.6 6 3.34 –0.52 .82 ... ... .11 35.35 12.02 PingIdentity PING ... dd 31.96 –0.14 –.02 ... ... ... 46.95 30.72 Rollins ROL .8 67 41.29 –0.56 .62 .65 .80 .08
3.65 0.28 MedleyMgmt MDLY ... dd .75 –0.22 –.60 –.14 .24 ... 385.01 263.31 NorthropGrum NOC 1.9 23 301.86 –10.80 13.22 23.30 ... 1.45 105.51 60.05 PinnacleWest PNW 4.4 15 71.05 –2.45 4.77 4.81 5.05 .7825 410.41 240.00 RoperTech ROP .5 25 387.21 –3.35 16.82 12.20 13.06 .5125
28.66 7.37 Mednax MD ... dd 16.24 –1.36 –17.94 1.19 1.89 ... 77.26 50.50 NorthwestNat NWN 3.6 24 52.96 –1.89 2.07 2.30 2.53 .4775 36.83 10.10 Pinterest PINS ... dd 21.61 –1.60 –3.24 ... ... ... 24.41 8.85 RosettaStone RST ... dd 16.26 –0.58 –.55 ... –.56 ...
122.15 72.13 Medtronic MDT 2.6 25 88.77 –5.14 3.54 3.57 5.57 .58 80.52 45.06 Northwestern NWE 4.6 15 52.14 –2.42 3.98 3.33 3.62 .60 159.01 48.62 PioneerNatRscs PXD 2.3 23 94.11 +0.53 4.50 ... ... .55 82.74 49.55 RoyalBkCanada RY ... 11 66.68 –1.31 6.61 5.16 6.19 ...
12.99 10.04 MegalithFinAcqn MFAC ... 84 10.76 –0.24 .18 ... ... ... 59.78 7.03 NorwegCruise NCLH ... dd 15.28 –2.94 4.30 ... –1.83 ... 87.45 31.95 PiperSandler PIPR 1.5 18 54.50 –6.54 7.69 3.73 5.42 .20 7.05 2.45 RoyalBkScotland RBS .0 5 2.94 –0.08 .66 –.05 .25 .1296
14.38 10.11 MegalithFinUn MFAC.UT ... cc 11.02 –1.56 ... ... ... ... 99.84 69.18 Novartis NVS 2.3 17 87.10 –4.00 5.13 ... ... 3.0874 5.50 1.67 PitneyBowes PBI 8.1 dd 2.47 –0.14 1.10 .25 .53 .05 135.32 19.25 RoyalCaribbean RCL .0 55 46.41 –8.86 8.95 –11.45 –1.66 .78
1.38 0.10 MegalithFinWt MFAC.WT ... ... .72 –0.19 ... ... ... ... 68.72 47.25 NovoNordisk NVO 1.3 26 66.04 –1.51 ... 2.66 3.04 .4452 1.08 0.40 PivotalInvCorp.IIWt PIC.WT ... ... .63 –0.07 ... ... ... ... 66.36 21.26 RoyalDutchA RDS.A 8.1 14 32.91 –1.03 ... .69 2.24 .32
92.64 65.25 Merck MRK 3.2 19 75.19 –2.71 3.81 5.61 5.97 .61 50.98 12.31 NuSkinEnts NUS 4.0 14 37.59 –0.97 3.10 2.21 2.67 .375 10.40 9.38 PivotalInvtII PIC.UT ... ... 10.35 +0.12 ... ... ... ... 67.18 19.19 RoyalDutchB RDS.B 10.2 13 30.88 –1.16 ... .69 2.24 .32
65.22 33.45 MercuryGeneral MCY 6.3 49 39.86 –1.89 5.78 3.32 3.45 .63 58.70 27.53 Nucor NUE 4.0 16 40.60 –2.10 4.14 1.73 2.73 .4025 10.20 9.50 PivotalInvII PIC ... cc 10.16 +0.06 ... ... ... ... 60.55 22.62 RyderSystem R 6.4 dd 34.83 –2.56 –.47 –2.16 2.28 .56
56.86 10.01 Meredith MDP .0 dd 13.99 –1.29 –.71 3.75 4.13 .595 30.06 4.98 NuSTAREnergy NS 11.4 dd 14.01 –1.90 –2.30 1.56 1.24 .40 25.26 3.00 PlainsAllAmPipe PAA 8.7 dd 8.28 –1.08 2.65 –1.84 1.25 .18 12.54 3.76 RyersonHolding RYI ... 3 5.36 –0.45 2.17 .25 .79 ...
June 29, 2020 BARRON’S M17

New York Stock Exchange Composite List

- Earnings - - Earnings - - Earnings - - Earnings -
52-Week Tick - Week’s - Last This Next Div 52-Week Tick - Week’s - Last This Next Div 52-Week Tick - Week’s - Last This Next Div 52-Week Tick - Week’s - Last This Next Div
High Low Name Sym Yld P/E Last Chg. Year Year Year Amt High Low Name Sym Yld P/E Last Chg. Year Year Year Amt High Low Name Sym Yld P/E Last Chg. Year Year Year Amt High Low Name Sym Yld P/E Last Chg. Year Year Year Amt
91.57 13.25 RymanHospitality RHP .0 23 31.81 –3.37 2.81 –5.53 –1.56 .95 31.94 20.22 Stantec STN 1.5 23 29.72 –0.78 1.31 1.40 1.98 .1095 59.55 33.74 TorontoDomBk TD 5.3 10 43.50 –1.74 4.71 3.43 4.17 .5746 4.95 0.48 VertivWt VRT.WT ... ... 3.92 –0.48 ... ... ... ...
143.05 90.90 SAP SAP .9 34 136.78 –0.25 3.11 5.62 6.44 1.7119 10.14 6.11 StarGroup SGU 6.1 17 8.73 +0.61 .35 1.46 .94 .1325 25.94 9.50 TortoiseAcqn SHLL ... cc 24.57 +10.53 .12 ... ... ... 72.27 11.25 Viad VVI .0 dd 16.19 –3.07 1.02 –2.31 2.03 .10
334.66 186.06 S&P Global SPGI .8 34 321.60 –2.13 8.60 ... ... .67 7.10 3.01 Starrett A SCX ... 6 3.33 –0.22 .87 1.19 1.33 ... 30.96 9.50 TortoiseAcqn SHLL.UT ... ... 29.08 +11.08 ... ... ... ... 27.63 3.16 VinceHolding VNCE ... 1 5.28 +0.18 2.55 –3.08 –1.57 ...
10.25 9.50 SC Health SCPE ... cc 10.07 +0.02 .08 ... ... ... 8.46 2.75 Startek SRT ... dd 4.87 –0.10 –.39 –.28 .35 ... 10.23 0.15 TortoiseAcqnWt SHLL.WT ... ... 9.67 +5.62 ... ... ... ... 21.60 6.17 Vipshop VIPS ... 24 19.62 –1.57 ... 8.97 10.98 ...
1.35 0.81 SC Health Wt SCPE.WT ... ... 1.05 +0.05 ... ... ... ... 26.33 7.59 StarwoodProp STWD 12.7 12 15.14 –0.06 1.79 1.85 ... .48 56.91 22.13 Total TOT ... 13 38.75 –0.63 4.20 2.22 2.60 ... 42.49 6.90 VirginGalactic SPCE ... dd 15.55 +0.55 –1.09 ... ... ...
10.48 9.25 SCVX SCVX.UT ... ... 10.26 –0.04 ... ... ... ... 85.89 42.10 StateStreet STT 3.4 10 60.53 –4.87 5.38 5.81 5.84 .52 10.34 3.54 TownsquareMedia TSQ .0 dd 4.51 –0.49 ... –.14 .82 .075 214.17 133.93 Visa V .6 35 189.27 –2.93 5.32 ... 5.87 .30
10.05 9.20 SCVX SCVX ... ... 9.96 –0.04 ... ... ... ... 14.09 4.31 SteelPartners SPLP ... dd 5.56 –0.44 .16 ... ... ... 145.41 108.01 ToyotaMotor TM 2.9 8 126.16 –1.63 11.73 7.23 ... 2.2251 23.25 11.23 Vishay VSH 2.6 18 14.60 –0.44 ... .66 1.06 .095
0.90 0.33 SCVX Wt SCVX.WT ... ... .81 –0.03 ... ... ... ... 23.02 7.02 Steelcase SCS 2.4 7 11.47 –0.33 ... ... ... .07 118.10 70.00 TraneTech TT 2.5 18 84.64 –4.65 5.84 ... 4.21 .53 41.90 16.56 VishayPrecision VPG ... 18 22.27 –1.18 ... .77 1.47 ...
51.42 22.23 Seacor CKH ... 25 26.23 –3.17 1.38 ... ... ... 105.87 69.33 Stepan SCL 1.3 19 87.96 –4.51 4.42 4.53 5.46 .275 8.50 3.63 Transalta TAC 2.1 15 5.70 –0.36 .14 –.18 –.26 .0301 11.03 1.80 VistaOil&Gas VIST ... dd 3.06 –0.41 ... –.60 –.29 ...
15.17 1.46 SeacorMarine SMHI ... dd 2.68 –0.56 –3.95 –2.28 –1.80 ... 168.98 105.69 Steris STE 1.0 31 148.33 –3.91 4.76 5.24 6.31 .37 41.50 16.00 TrancntlRlty TCI ... dd 31.40 –4.75 –3.09 ... ... ... 14.39 4.29 VistaOutdoor VSTO ... dd 14.08 +1.19 –2.68 .39 .49 ...
15.10 6.33 SFL SFL 11.3 ... 8.88 –0.76 .83 .91 .83 .25 22.17 7.01 SterlingBancorp STL 2.7 6 10.54 –1.48 2.03 ... ... .07 673.51 200.06 TransDigm TDG .0 31 421.09 –41.91 13.84 12.67 11.00 32.50 27.96 11.30 VistraEnergy VST 3.0 12 18.13 –1.70 1.86 2.04 1.96 .135
40.66 21.25 SINOPEC SHI 6.2 45 23.91 –0.89 ... ... ... 1.4774 44.14 20.26 StewartInfo STC 3.7 8 32.12 +0.73 3.31 ... 3.10 .30 7.28 0.76 Transocean RIG ... dd 1.78 –0.32 –2.05 –1.06 –.51 ... 2.56 0.45 VistraEnergyWt VST.WTA ... ... .55 –0.07 ... ... ... ...
15.85 3.60 SITE Centers SITC .0 22 7.43 –0.13 .33 ... ... .20 69.10 31.13 StifelFinancial SF 1.5 8 44.72 –2.55 ... 4.14 4.54 .17 16.07 3.72 TransportadGas TGS ... 4 5.64 +0.14 ... ... 1.17 ... 32.00 8.51 VivintSmartHome VVNT ... dd 16.66 –0.70 .14 –2.39 –2.01 ...
74.99 45.60 SJW Group SJW 2.2 82 57.02 –4.20 .82 2.12 2.48 .32 31.98 14.67 STMicroelec STM .7 23 26.13 –0.67 1.15 .75 1.36 .042 101.16 52.50 TransUnion TRU .4 46 83.03 –4.61 1.81 2.84 ... .075 6.78 0.37 VivintSmartHmWt VVNT.WT ... ... 5.04 –0.99 ... ... ... ...
24.97 14.07 SK Telecom SKM 3.9 18 18.61 –0.07 1.16 ... ... .8103 2.20 0.46 StoneMor STON ... dd .78 –0.11 –3.83 ... –.60 ... 155.09 76.99 Travelers TRV 3.1 12 111.00 –5.56 9.92 8.86 10.50 .85 12.99 3.17 VivintSolar VSLR ... dd 9.20 –0.61 –.84 –.32 ... ...
96.39 35.16 SLGreenRealty SLG 7.6 12 46.76 –5.11 3.10 1.39 ... .295 34.46 13.87 Stoneridge SRI ... 10 19.42 +0.59 2.13 –.18 .85 ... 10.54 10.22 TrebiaAcqn TREB.UT ... ... 10.32 –0.09 ... ... ... ... 183.50 86.00 VMware VMW ... 10 146.50 –4.19 ... 6.13 7.15 ...
12.91 0.90 SM Energy SM .6 dd 3.56 –0.60 –1.66 –1.14 –2.56 .01 226.30 124.54 Stryker SYK 1.3 31 173.76 –13.35 5.48 6.31 ... .575 10.54 4.23 TrecoraResources TREC ... dd 5.28 –0.27 –.61 .16 .27 ... 33.39 15.89 VoceraComm VCRA ... dd 19.81 –0.77 –.57 .09 .32 ...
53.76 25.50 SPX SPXC ... 18 38.83 –0.12 1.58 2.55 2.73 ... 21.10 12.48 StudioCity MSC ... dd 15.93 –0.07 .56 –3.60 –.36 ... 23.48 11.31 Tredegar TG 3.3 79 14.66 –0.74 1.45 .91 1.11 .12 68.68 27.64 VornadoRealty VNO 7.2 2 36.64 –2.51 16.21 1.03 .80 .66
49.94 15.74 SPX FLOW FLOW ... dd 34.63 –0.07 –2.23 .71 1.49 ... 73.89 38.44 SturmRuger RGR 1.1 37 72.53 +1.72 1.82 3.83 3.06 .35 60.38 33.50 TreeHouseFoods THS ... dd 42.29 –5.94 –6.42 2.61 2.79 ... 2.37 0.58 voxeljet VJET ... dd 1.50 –0.18 –.66 –1.86 –1.81 ...
33.48 17.54 STAG Indl STAG 5.1 39 28.13 –0.97 .35 .70 .37 .12 24.89 8.64 SuburbanPropane SPH 17.0 24 14.08 –2.24 1.10 .60 1.04 .60 132.84 56.22 Trex TREX ... 48 127.05 +7.90 2.47 2.54 2.93 ... 63.81 29.75 VoyaFinancial VOYA 1.3 9 45.21 –1.31 –2.58 4.27 5.99 .15
40.96 13.00 StoreCapital STOR 5.9 18 23.64 –0.86 1.24 ... ... .35 7.56 4.49 SumitomoMits SMFG 5.1 6 5.59 –0.21 .94 .69 .84 .1655 10.87 9.38 TrineAcqnUn TRNE.UT ... cc 10.50 +0.10 ... ... ... ... 152.49 65.56 VulcanMatls VMC 1.2 24 112.80 –7.25 4.63 4.27 4.67 .34
49.00 23.02 SabineRoyalty SBR 9.8 9 26.96 –0.34 3.02 2.96 3.04 .1556 12.59 2.32 SummitHotelProp INN .0 15 5.66 –0.43 .65 ... –.41 .18 10.20 9.40 TrineAcqn TRNE ... cc 10.10 –0.07 ... ... ... ...
2.38
12.79
0.74
4.43
SafeBulkers
SafeguardSci
SB
SFE
...
.0
dd
8
1.17
6.73
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–0.01
.04
2.64
–.27
–1.22
.12
–.93
...
1.00
25.22
8.00
7.51
0.50
SummitMaterials
SummitMidstream
SUM
SMLP
...
.0
21
dd
15.31
1.06
–0.88
–0.18
.52
–4.84
.41
–.02
.61
–.12
...
.125
1.14
76.92
0.35
27.79
TrineAcqnWt
TriNet
TRNE.WT
TNET
...
...
...
17
.91
58.72
+0.09
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...
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...
3.39
...
3.39
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... W
67.18 26.61 Safehold SAFE 1.2 58 54.94 –9.64 .89 1.28 1.44 .1622 173.98 95.34 SunComms SUI 2.3 ... 135.99 –6.37 1.80 1.06 2.06 .79 24.64 14.53 TrinityIndustries TRN 3.7 10 20.66 –1.22 1.07 .44 .63 .19
28.00 11.61 SailPointTechs SAIL ... dd 26.58 +1.83 –.10 ... ... ... 50.13 24.37 SunLifeFinancial SLF 4.4 12 35.36 –1.29 3.33 3.47 3.79 .415 50.14 14.16 Trinseo TSE 7.5 49 21.39 –1.09 2.28 2.99 2.06 .40 6.10 1.07 W&T Offshore WTI ... 2 2.23 –0.34 .52 –.47 –.55 ...
195.72 115.29 Salesforce.com CRM ... dd 183.17 –3.78 .15 3.09 3.57 ... 9.17 2.33 SunCokeEnergy SXC 8.8 dd 2.72 –0.18 –1.98 .48 .31 .06 27.64 9.13 Triple-S Mgmt GTS .0 14 18.12 –0.43 3.97 2.80 3.30 .00 109.53 68.01 WEC Energy WEC 3.0 23 85.54 –2.53 3.58 3.73 3.99 .6325
21.98 6.28 SallyBeauty SBH ... 7 11.69 –0.28 2.26 ... ... ... 34.56 9.61 SuncorEnergy SU 3.7 dd 16.30 –0.75 1.40 –1.26 .40 .3149 17.17 2.80 TriplePtVent TPVG 14.3 15 10.10 –0.04 1.28 1.48 1.47 .36 236.52 71.12 WEX WEX ... cc 155.51 –17.16 2.26 10.36 ... ...
3.87 1.39 SanJuanBasin SJT 5.0 16 2.27 –0.22 ... 1.75 2.09 .0043 3.01 0.68 SunlandsTech STG ... dd 1.32 –0.11 ... –2.04 –1.56 ... 40.81 19.80 TritonIntl TRTN 7.2 7 29.03 –0.65 4.54 3.33 4.10 .52 75.86 34.26 WNS WNS ... 24 53.40 –1.12 2.35 1.94 3.04 ...
7.20 0.70 SandRidgeEnergy SD ... dd 1.31 –0.04 –12.68 –1.54 1.77 ... 20.87 6.12 SunnovaEnergy NOVA ... dd 18.85 –0.98 –4.14 –1.38 –.37 ... 29.38 3.02 TriumphGroup TGI 1.9 dd 8.42 –1.46 –.56 .28 .75 .04 93.62 38.62 W.P.Carey WPC 6.3 38 66.36 –2.60 1.78 3.32 3.41 1.042
1.94 0.25 SandRidgePermian PER 71.1 1 .44 –0.06 .33 2.81 2.32 .08 34.09 10.46 Sunoco SUN 13.6 dd 24.33 –2.00 2.82 1.07 3.30 .8255 13.12 3.97 Tronox TROX 4.3 dd 6.56 –0.81 –.78 .46 1.09 .07 70.80 27.18 WPP WPP ... 11 37.63 –2.37 3.18 3.50 4.62 ...
9.50 3.32 SandstormGold SAND ... cc 9.35 +0.85 .09 .11 .15 ... 14.47 5.75 SunstoneHotelInv SHO .0 dd 7.94 –0.75 .54 –1.13 –.16 .05 24.98 12.02 TrueBlue TBI ... dd 14.65 –0.06 1.61 .08 1.07 ... 14.43 1.94 WPX Energy WPX ... dd 6.13 –0.46 .61 ... ... ...
27.75 9.74 SantanderCons SC 4.8 9 18.28 –0.55 2.86 .34 1.83 .22 14.60 0.70 SuperiorEnergy SPN ... dd 1.09 –0.28 –16.61 ... ... ... 56.92 24.01 TruistFinl TFC 5.0 10 35.95 –3.39 3.71 2.77 3.45 .45 16.70 6.26 WabashNational WNC 3.2 dd 9.99 +0.13 1.62 –.43 .50 .08
28.70 5.94 SaratogaInvt SAR .0 3 15.79 –0.93 5.98 ... ... .56 4.45 0.90 SuperiorIndsIntl SUP .0 dd 1.74 +0.04 –5.10 –1.55 –.70 .09 4.77 1.70 TsakosEnergy TNP 5.2 dd 1.91 –0.40 –.32 1.19 .32 .375 81.75 35.07 Wabtec WAB .9 24 55.85 –4.31 1.84 ... 4.30 .12
24.98 1.25 Sasol SSL ... dd 7.68 –0.42 ... ... ... ... ... ... SustOppsAcqnA SOAC ... ... 9.70 ... ... ... ... ... 31.04 5.79 TufinSoftware TUFN ... dd 9.07 –2.21 –1.04 –1.10 –.90 ... 18.33 9.87 Waddell&ReedFin WDR 6.8 10 14.72 –0.86 1.57 1.12 .92 .25
57.29 23.58 SaulCenters BFS 7.1 19 30.06 –2.43 1.57 1.75 1.47 .53 10.50 9.85 SustOppsAcqnUn SOAC.UT ... ... 10.06 +0.02 ... ... ... ... 19.58 1.15 Tupperware TUP .0 dd 4.29 –0.62 .25 1.03 2.00 .27 79.74 24.55 Walker&Dunlop WD 3.0 9 47.64 –1.80 5.45 4.21 4.66 .36
41.40 11.87 Schlumberger SLB 2.9 dd 17.44 –2.27 –7.32 .14 ... .125 ... ... SustOppsAcqnWt SOAC.WT ... ... .70 ... ... ... ... ... 6.36 4.36 TurkcellIletism TKC ... 12 5.84 –0.37 .66 .62 ... ... 133.38 102.00 Walmart WMT 1.8 23 118.32 –1.53 5.19 5.16 5.45 .54
24.50 15.36 SchneiderNatl SNDR 1.1 27 23.71 –0.10 ... 1.03 1.31 .065 10.84 4.43 Suzano SUZ ... dd 6.87 –0.48 –1.06 –1.95 .86 ... 57.06 14.09 TurningPoint TPB .8 46 23.59 –1.97 .69 1.83 2.00 .05 26.90 9.46 WarriorMetCoal HCC 1.4 4 14.79 –0.29 5.86 ... ... .05
51.65 28.00 SchwabC SCHW 2.3 12 31.75 –4.92 2.67 2.05 1.82 .18 19.56 10.30 Switch SWCH .7 cc 17.68 –0.63 .11 .17 .29 .0294 1.27 0.30 TurquoiseHill TRQ ... dd .68 –0.02 –.07 ... .17 ... 4.69 0.56 WashingtonPrime WPG .0 dd .83 –0.17 –.05 –.51 –.62 .125
46.65 20.00 SchweitzerMaud SWM 5.7 11 30.78 –0.57 2.76 2.89 3.30 .44 11.62 9.60 SwitchbackEner SBE.UT ... ... 10.28 –0.34 ... ... ... ... 19.48 2.61 TutorPerini TPC ... dd 11.65 –0.47 –7.72 2.00 2.12 ... 32.22 18.01 WashingtonREIT WRE 5.5 35 21.79 +0.08 4.75 –.44 –.44 .30
96.80 45.45 ScienceApplicat SAIC 2.0 21 75.14 –5.24 3.83 6.17 ... .37 10.12 9.38 SwitchbackEnerA SBE ... cc 9.96 +0.01 .06 ... ... ... 222.38 68.06 Twilio TWLO ... dd 221.15 +10.86 ... –.08 ... ... 105.17 70.87 WasteConnections WCN .8 41 90.61 +0.39 2.15 ... ... .185
72.05 13.75 ScorpioBulkers SALT 1.3 dd 15.08 –3.30 6.60 –6.23 7.27 .05 0.96 0.30 SwitchbackEnerWt SBE.WT ... ... .82 +0.03 ... ... ... ... 30.45 7.22 TwinRiver TRWH .0 29 20.88 –2.24 1.46 –1.58 2.23 .10 126.79 85.34 WasteMgt WM 2.1 26 102.81 +1.04 3.91 3.67 4.25 .545
40.45 12.35 ScorpioTankers STNG 3.1 dd 12.85 –2.04 –.97 6.76 3.05 .10 38.18 12.15 SynchronyFin SYF 4.1 5 21.39 –2.38 5.56 1.03 2.91 .22 45.86 20.00 Twitter TWTR ... 18 29.05 –4.36 1.87 .38 .66 ... 245.68 154.39 Waters WAT ... 22 174.76 –15.61 8.69 8.05 9.01 ...
151.03 76.50 ScottsMiracleGro SMG 1.8 22 127.56 –1.87 8.18 ... ... .58 153.07 52.06 Synnex SNX .0 13 116.48 +14.68 9.74 10.17 13.09 .40 15.85 2.25 TwoHarbors TWO 19.5 dd 5.08 –0.16 .93 .76 .85 .14 186.87 132.97 Watsco WSO 4.1 28 173.19 –5.12 ... 5.38 6.29 1.775
15.56 6.04 ScullyRoyalty SRL ... dd 7.51 –0.79 –1.12 ... ... ... 40.32 10.91 SynovusFin SNV 7.0 6 18.87 –3.12 3.47 1.03 2.33 .33 382.92 213.63 TylerTech TYL ... 83 340.79 +7.58 3.65 5.27 5.72 ... 114.45 69.02 WattsWater WTS 1.2 20 78.26 –2.66 ... 2.89 ... .23
28.85 8.86 SculptorCapMgmt SCU 7.2 dd 12.23 –0.35 1.57 1.03 2.80 .53 85.98 26.00 Sysco SYY 3.4 20 52.30 –1.96 3.20 ... ... .45 94.24 42.57 TysonFoods TSN 2.9 11 58.28 –4.94 5.52 4.40 5.99 .42 221.54 21.70 Wayfair W ... dd 201.94 –8.05 ... –3.96 –7.07 ...
116.00 26.41 Sea SE ... dd 105.20 –1.74 ... –1.79 –1.02 ... 26.57 14.00 Systemax SYX 3.0 15 18.75 –1.14 1.28 .93 1.32 .14 54.04 18.16 WebsterFin WBS 6.1 8 26.04 –3.47 4.06 2.14 3.97 .40
2
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16.67 5.25 SeabridgeGold SA ... dd 16.14 +0.51 –.14 –.14 –.09 ... 9.13 1.03 Weidai WEI ... 1.30 –0.14 ... ... ... ...
45.86
36.96
17.06
6.75
SealedAir
SeaWorldEnt
SEE
SEAS
2.1
...
14
16
31.19
13.83
–0.47
–2.20
1.69
1.10
2.72
–1.96
2.92
.25
.16
... T 32.17
59.39
12.21
32.44
WeingartenRealty
WeisMarkets
WRI
WMK
4.0
2.5
7
16
18.15
49.21
–0.36
+2.65
2.44
2.53
.84
2.45
.69
2.55
.18
.31
12.22 2.22 SelectEnergySvcs WTTR ... dd 4.59 –0.61 .03 –.90 –.67 ... 13.49 7.48 UBS Group UBS ... 9 11.22 +0.40 1.17 1.02 1.14 ... 19.81 3.17 Welbilt WBT ... 18 5.44 –0.61 .39 –.08 ... ...
28.61 10.00 SelectMedical SEM ... 11 13.62 –0.63 1.10 .99 1.50 ... 68.99 30.78 TAL Education TAL ... dd 68.33 +1.28 ... .63 1.20 ... 51.25 29.20 UDR UDR 4.0 65 36.39 –1.37 .63 ... .12 .36 54.75 22.00 WellsFargo WFC 8.1 9 25.34 –2.26 4.05 .86 2.58 .51
29.00 24.52 SelectQuote SLQT ... ... 25.59 –0.09 ... .37 .67 ... 57.92 32.37 TC Energy TRP 5.7 13 41.78 –1.81 3.23 2.96 3.00 .5778 54.05 21.75 UGI UGI 4.3 17 30.52 –1.66 1.41 2.89 2.87 .33 93.17 24.27 Welltower WELL 4.9 48 49.74 –1.26 3.05 1.38 1.25 .61
161.87 88.00 SempraEnergy SRE 3.7 14 112.61 –4.64 7.29 ... ... 1.045 44.65 18.00 TC PipeLines TCP 8.3 9 31.33 –2.75 3.74 3.77 3.56 .65 16.64 8.63 UMH Prop UMH 5.9 dd 12.30 –0.38 .06 –.21 –.22 .18 61.32 13.52 WescoIntl WCC ... 7 33.93 –3.70 ... ... 4.41 ...
54.72 18.25 SensataTechs ST ... 28 35.74 –1.32 1.76 2.66 3.44 ... 101.00 48.62 TE Connectivity TEL 2.4 38 78.68 –2.02 5.42 3.72 4.80 .48 65.76 39.33 Unitil UTL 3.5 19 42.97 –2.18 2.97 2.28 2.54 .375 226.67 120.12 WestPharmSvcs WST .3 64 222.45 +5.86 3.21 3.61 4.06 .16
74.25 38.24 SensientTech SXT 3.1 30 49.62 –0.79 1.94 2.64 2.88 .39 18.31 9.61 Tegna TGNA 2.6 8 10.63 –0.33 1.31 1.61 1.57 .07 19.00 3.52 USA Compression USAC 18.4 dd 11.44 –1.35 –2.15 –6.57 –.32 .525 58.94 20.90 WestAllianceBcp WAL 2.8 8 35.96 –2.82 4.84 3.42 4.54 .25
7.59 1.68 SequansComms SQNS ... dd 6.03 +0.29 –1.56 –1.06 –.50 ... 20.91 13.54 Telus TU 5.0 16 16.36 –1.07 1.09 .90 1.00 .2134 49.53 23.91 US Cellular USM ... 18 29.32 –1.78 ... 1.58 1.31 ... 11.33 1.37 WesternAssetMort WMC .0 dd 2.81 +0.06 1.37 .54 .41 .31
45.70 5.00 SeritageGrowth SRG ... dd 10.90 –1.04 –1.77 ... ... ... 23.65 9.59 Ternium TX ... 5 14.65 –1.23 2.93 .68 2.14 ... 11.95 1.00 USD Partners USDP 13.3 dd 3.34 –0.59 .22 .97 1.07 .111 31.99 2.90 WesternMidstrm WES 21.6 14 10.07 –1.87 1.59 1.93 1.81 .311
52.89 33.93 ServiceCorp SCI 2.0 19 37.94 –1.90 1.99 1.50 2.01 .19 36.65 15.24 TFI Intl TFII 2.3 12 33.98 +1.00 2.80 2.02 2.67 .1915 43.10 8.32 US Foods USFD ... 23 19.10 –0.10 1.75 .28 1.42 ... 28.45 17.39 WesternUnion WU 4.3 8 21.11 –0.50 2.46 1.66 1.90 .225
58.78 17.63 ServiceMaster SERV ... 67 35.17 –0.39 .94 .75 .96 ... 20.32 10.29 TIM Part TSU 3.0 7 12.75 –0.80 1.90 .80 1.00 .1259 148.48 45.13 US PhysTherapy USPH 1.7 33 74.54 –1.87 2.45 .57 2.54 .32 75.65 28.99 WestlakeChem WLK 2.0 14 52.68 –2.18 3.25 1.36 2.14 .2625
409.80 213.99 ServiceNow NOW ... cc 399.97 +0.10 3.18 ... 5.43 ... 64.95 32.72 TJX TJX .0 36 49.54 –3.10 2.67 .47 2.55 .23 14.83 0.79 US Silica SLCA .0 dd 3.40 –0.24 –4.49 –1.49 –1.42 .02 26.48 10.31 WestlakeChemPtrs WLKP 9.9 11 19.11 –1.13 1.77 1.96 2.02 .4714
105.84 30.01 ShakeShack SHAK ... 96 49.62 –4.89 .61 –.40 .29 ... 21.30 2.45 TPG RE Fin TRTX 9.6 dd 8.36 –0.26 ... 1.74 1.78 .20 6.52 2.65 US Xpress USX ... dd 5.99 +0.19 ... ... .46 ... 20.56 7.98 WestpacBanking WBK 9.9 9 12.05 –0.23 1.38 1.24 1.35 .551
20.90 12.20 ShawComm B SJR 5.3 15 16.10 –0.88 ... .90 .94 .0707 18.63 5.89 TRI Pointe TPH ... 8 13.30 –0.60 1.47 1.30 1.36 ... 47.08 13.71 Uber UBER ... dd 29.61 –2.69 –6.81 –3.28 –1.35 ... 44.39 21.50 WestRock WRK 3.0 8 26.72 –1.60 3.33 2.20 3.54 .20
22.70 5.70 ShellMidstream SHLX 14.5 8 12.40 –0.92 1.66 1.34 1.55 .46 7.24 0.82 TailoredBrands TLRD .0 76 .97 –0.03 –1.65 ... ... .18 199.91 107.22 Ubiquiti UI .7 32 171.80 +1.18 4.51 5.82 6.35 .30 35.74 10.50 Westwood WHG .0 18 14.23 –2.45 .70 1.00 1.00 .43
603.36 325.43 SherwinWilliams SHW 1.0 32 557.53 –27.14 16.49 21.66 23.48 1.34 60.64 39.12 TaiwanSemi TSM 2.3 22 56.33 +1.02 2.15 2.74 ... .3304 6.68 1.97 UltraparPart UGP 2.8 49 3.21 –0.27 .09 .19 .25 .0546 31.58 13.10 Weyerhaeuser WY .0 44 21.49 –1.21 –.10 ... ... .34
44.26 30.00 Shift4Paymts FOUR ... ... 37.20 –4.55 ... ... ... ... 20.93 12.43 TakedaPharm TAK 3.5 dd 18.34 –0.27 .13 .34 1.11 .4111 27.72 7.15 UnderArmour A UAA ... dd 9.11 –0.40 .20 ... .11 ... 47.15 18.66 WheatonPrecMet WPM .9 cc 42.22 +0.30 .19 ... ... .10
39.74 17.09 ShinhanFin SHG 4.8 ... 24.28 –0.66 ... 5.05 5.56 1.3575 31.34 5.00 TalosEnergy TALO ... 2 8.83 –2.11 1.08 ... ... ... 24.55 6.37 UnderArmour C UA ... dd 8.26 –0.34 .20 ... .11 ... 163.64 64.00 Whirlpool WHR 3.9 9 122.80 –4.29 18.45 9.87 12.82 1.20
928.00 282.08 Shopify SHOP ... dd 910.00 +29.00 ... .42 .57 ... 17.94 4.05 Tanger SKT .0 dd 6.78 –0.39 .93 .01 .18 .3575 27.85 7.48 Unifi UFI ... dd 11.67 –0.67 .13 ... .11 ... 1168.21 629.21 WhiteMtnIns WTM .1 dd 882.80 +7.93 130.27 –15.00 18.00 1.00
45.98 28.76 Shutterstock SSTK 2.0 71 33.65 –1.83 .57 1.22 1.39 .17 32.44 10.18 Tapestry TPR .0 dd 12.55 –0.98 2.21 .60 ... .3375 217.90 121.89 Unifirst UNF .6 19 170.54 –0.16 9.33 8.02 7.67 .25 14.65 4.71 WhitestoneREIT WSR 6.0 13 6.96 +0.08 .57 .98 1.03 .035
13.27 3.50 Sibanye-Stillwater SBSW ... ... 8.24 +0.37 .01 1.48 2.38 ... 43.47 3.66 TargaResources TRGP 2.2 dd 18.18 –2.43 –1.44 –6.40 –.39 .10 63.62 42.00 Unilever UN 2.8 23 54.51 –1.24 2.41 2.75 2.93 .4445 19.68 0.25 WhitingPetrol WLL ... dd 1.26 –0.27 –2.64 –3.36 –3.10 ...
31.44 5.60 SignetJewelers SIG .0 dd 9.84 –1.28 1.40 –1.27 1.76 .37 130.24 80.03 Target TGT 2.3 22 117.02 –3.54 6.36 4.95 6.74 .68 64.84 44.06 Unilever UL 3.2 23 56.14 –1.23 2.41 2.73 2.92 .4445 8.12 2.95 WideOpenWest WOW ... 15 5.32 –1.08 .45 .39 .55 ...
14.06 1.50 SilverBowRscs SBOW ... 0 3.15 –0.48 9.74 2.44 2.88 ... 99.69 56.07 TaroPharm TARO ... 11 67.21 +0.92 ... 6.55 9.92 ... 188.96 105.08 UnionPacific UNP 2.4 19 162.64 –5.21 8.38 7.55 9.02 .97 50.05 30.42 Wiley A JW.A 3.5 dd 38.88 –1.99 ... 2.09 2.48 .34
16.95 7.60 SilvergateCapital SI ... 12 13.25 –1.44 ... .75 .90 ... 14.03 3.92 TataMotors TTM ... dd 6.60 +0.01 –2.46 ... ... ... 18.13 6.39 Unisys UIS ... dd 10.00 –1.64 –.31 .60 1.92 ... 49.41 30.44 Wiley B JW.B 3.5 dd 38.52 –2.49 ... 2.09 2.48 .34
165.48 42.25 SimonProperty SPG 13.5 10 61.90 –5.22 ... ... 5.41 2.10 53.40 26.24 TaubmanCtrs TCO .0 dd 38.23 +0.92 3.32 –.19 –.06 .675 2.94 1.99 UnitedMicro UMC 2.5 21 2.55 +0.01 .13 ... ... .0938 29.06 8.41 Williams WMB 8.6 cc 18.51 –0.71 .70 1.06 1.07 .40
95.65 47.02 SimpsonMfg SSD 1.1 24 80.18 –1.73 2.98 2.23 2.75 .23 28.47 6.39 TaylorMorrison TMHC ... 11 17.97 –0.87 2.35 3.00 3.47 ... 23.38 5.00 UnitedNatFoods UNFI ... dd 17.78 +1.29 –5.56 ... ... ... 88.27 26.01 Williams-Sonoma WSM 2.3 19 83.22 –2.42 4.49 ... 4.87 .48
119.42 53.29 SiteOneLandscape SITE ... 53 104.18 –5.53 1.82 1.67 2.03 ... 19.00 3.75 Team TISI ... dd 5.18 –0.13 –1.07 ... ... ... 125.31 82.00 UPS B UPS 3.8 22 107.32 –0.45 5.11 5.45 6.97 1.01 72.65 16.94 Winnebago WGO .7 41 65.35 –3.01 3.52 2.00 3.98 .11
59.52 8.75 SixFlags SIX .0 10 18.60 –3.31 2.11 –1.79 ... .25 28.57 4.49 TechnipFMC FTI 1.8 dd 7.04 –0.52 –5.39 .40 .64 .13 170.04 58.85 UnitedRentals URI ... 9 140.40 –15.11 15.11 12.01 15.12 ... 4.42 2.52 Wipro WIT ... 14 3.27 –0.03 .21 .20 .22 ...
44.50 17.06 SkechersUSA SKX ... 16 29.29 –1.82 ... ... ... ... 23.30 5.60 TeckRscsB TECK 1.4 dd 9.88 –0.12 ... .37 1.57 .0379 61.11 28.36 US Bancorp USB 4.7 9 36.06 –2.81 4.16 2.22 3.12 .42 34.70 12.19 WolverineWwide WWW 1.9 19 21.52 –1.26 1.44 ... 2.01 .10
37.03 10.82 SkylineChamp SKY ... 22 22.69 –0.40 1.02 .60 1.09 ... 5.76 2.04 Teekay TK ... dd 2.17 –0.40 –3.08 –.01 .12 ... 15.90 4.54 US Steel X .6 dd 7.16 –0.95 –3.67 –5.56 –.28 .01 36.91 15.54 WooriFin WF 6.0 5 22.21 –0.25 5.22 5.59 5.79 1.7264
40.07 15.10 SlackTech WORK ... dd 32.53 –0.60 ... –.16 ... ... 16.74 7.00 TeekayLNG un TGP 9.0 12 11.07 –1.74 1.59 2.71 2.81 .25 315.84 187.72 UnitedHealth UNH 1.7 20 286.88 –4.36 14.33 ... ... 1.25 64.11 22.01 Workiva WK ... dd 55.50 +4.55 –1.04 –.51 –.36 ...
60.45 30.91 Smartsheet SMAR ... dd 52.98 +3.08 –.85 –.50 ... ... 26.92 7.68 TeekayTankers TNK ... 3 12.68 –1.56 ... 8.07 1.29 ... 24.77 6.40 Univar UNVR ... cc 16.00 –0.90 –.61 1.07 1.37 ... 44.37 20.04 WorldFuelSvcs INT 1.7 9 23.70 –2.73 2.69 1.32 2.55 .10
52.70 33.81 SmithAO AOS 2.2 22 44.45 –2.84 ... 2.44 2.26 .24 18.89 12.12 TejonRanch TRC ... 37 13.87 –0.30 .40 .01 .02 ... 63.18 37.04 Universal UVV 7.6 14 40.44 –1.85 2.86 2.03 2.40 .77 78.76 29.10 WW Ent WWE 1.2 33 41.36 –3.85 ... 1.23 1.69 .12
52.26 26.07 Smith&Nephew SNN 1.9 27 37.62 –3.08 1.38 1.43 2.10 .462 208.63 54.58 TeladocHealth TDOC ... dd 193.26 –8.27 –1.38 ... ... ... 132.41 54.54 UniversalHealth UHT 3.8 52 73.58 –11.60 1.38 2.49 2.48 .69 44.69 19.28 WorthingtonInds WOR 2.8 24 34.22 –0.54 1.41 2.06 2.06 .25
125.62 91.88 Smucker SJM 3.4 15 103.01 –5.93 6.84 8.20 8.41 .88 18.55 6.57 TelecomArgentina TEO 13.4 dd 9.27 –0.21 ... –.30 .30 .2888 157.79 65.20 UniversalHealthB UHS .0 11 89.34 –7.36 ... 6.59 10.10 .20 53.13 13.74 WyndhamDest WYND 7.6 9 26.41 –3.76 5.48 –.23 3.95 .50
24.90 7.89 Snap SNAP ... dd 23.07 +0.41 –.75 –.63 ... ... 398.99 195.34 TeledyneTech TDY ... 28 299.18 –21.79 10.73 9.51 10.97 ... 30.79 14.20 UnivInsurance UVE 3.8 23 16.75 –0.55 1.36 2.70 2.91 .16 63.66 14.50 WyndhamHtls WH .8 25 40.89 –4.96 1.62 1.39 2.93 .08
172.61 90.72 SnapOn SNA 3.2 11 133.56 –2.33 12.41 10.00 10.70 1.08 398.65 221.27 Teleflex TFX .4 30 355.87 –12.52 9.80 10.04 13.64 .34 9.76 2.75 UnvlTechInst UTI ... 19 6.64 –0.56 –.52 .36 .34 ...
12.83
12.80
10.70
10.05
SocCapHedII A
SocialCapHedII
IPOB
IPOC.UT
...
...
...
...
11.28
11.69
+0.35
+0.37
...
...
...
...
...
...
...
...
14.68
8.43
7.75
3.75
TelefonicaBras
Telefonica
VIV
TEF
6.4
6.8
12
23
8.85
4.73
–0.57
–0.15
.78
.19
.61
.54
.68
.57
.2348
.2173
35.09
21.74
9.58
6.98
UnumGroup
UrbanEdgeProp
UNM
UE
7.3
.0
3
11
15.52
11.18
–0.96
+0.55
5.24
.91
5.21
.21
5.38
.21
.285
.22 XYZ
4.49 3.03 SocCapHedII Wt IPOB.WT ... ... 3.50 +0.25 ... ... ... ... 31.48 16.06 TelekmIndonesia TLK ... 15 21.98 –0.82 ... 1.45 1.58 ... 19.87 8.30 UrstadtBiddle UBP 2.5 22 10.10 ... .58 ... ... .25
13.02 10.10 SocialCapHedIII IPOB.UT ... ... 12.29 +0.84 ... ... ... ... 33.64 14.05 Telephone&Data TDS 3.6 17 18.82 –1.14 ... 1.32 .83 .17 24.88 10.05 UrstadtProp A UBA 2.4 25 11.57 –0.42 .58 ... ... .07 3.86 0.69 XFinancial XYF ... ... .92 –0.07 ... ... ... ...
12.52 10.07 SocialCapHedIII IPOC ... ... 10.94 +0.34 ... ... ... ... 100.39 22.00 TempurSealy TPX ... 17 68.22 –4.19 3.42 3.56 5.08 ... 90.94 43.01 UsanaHealth USNA ... 15 68.64 –7.61 4.41 4.82 5.37 ... 100.18 38.47 XPO Logistics XPO ... 21 72.96 –6.22 3.57 ... 3.58 ...
3.58 2.10 SocialCapHedWt IPOC.WT ... ... 2.95 +0.35 ... ... ... ... 27.60 9.10 Tenaris TS .0 dd 12.84 –0.58 1.26 –.26 .20 .26 22.39 6.15 XeniaHotels XHR .0 cc 8.82 –0.75 .49 –1.83 –.26 .275
39.47 14.22 Xerox XRX 6.6 6 15.06 –1.25 5.80 3.62 3.82 .25
33.30
5.80
15.20
2.95
SOQUIMICH
Sogou
SQM
SOGO
2.4
...
28
26
25.85
4.05
–0.69
–0.30
...
...
.99
.05
1.28
.26
.1777
...
16.74
39.37
9.22
10.00
TencentMusic
TenetHealthcare
TME
THC
...
...
38
dd
13.25
17.58
–0.33
–2.97
...
–2.24
.36
1.06
...
2.41
...
... V 4.43 1.93 XinyuanRealEst XIN 15.5 14 2.03 –0.21 ... 1.40 1.42 .025
15.45 4.50 SolarisOilfield SOI 5.9 12 7.12 –0.39 1.69 –.55 .03 .105 87.06 46.64 Tennant TNC 1.4 25 61.28 –2.49 2.48 3.60 3.19 .22 89.34 54.62 Xylem XYL 1.6 32 63.16 –2.13 2.21 1.48 ... .26
21.66 11.50 SolarWinds SWI ... cc 18.26 –0.46 .06 .87 .97 ... 16.29 2.21 Tenneco TEN ... dd 6.93 –0.90 ... –3.66 1.75 ... 10.18 3.56 VEREIT VER 4.7 dd 6.49 –0.29 –.37 .17 .19 .077 44.60 15.28 Yeti YETI ... 63 41.54 +2.21 .58 1.00 1.34 ...
35.41 9.00 SonicAutomotive SAH 1.3 dd 30.07 +0.02 ... 1.71 2.76 .10 37.62 17.62 Teradata TDC ... 15 20.31 –0.02 –.18 .92 1.33 ... 100.25 45.07 VF VFC 3.4 34 57.14 –6.15 1.70 1.09 2.47 .48 18.73 2.25 YPF YPF 3.8 dd 5.70 +0.13 ... ... ... .1396
66.57 37.30 SonocoProducts SON 3.5 17 49.83 –2.34 2.88 3.24 3.44 .43 33.49 11.54 Terex TEX .0 14 18.19 –1.76 .76 ... .95 .12 28.75 9.85 VICI Prop VICI 5.9 24 20.03 –2.45 1.24 1.30 1.80 .2975 5.65 2.23 YamanaGold AUY 1.2 18 5.21 +0.18 .24 .18 .27 .0125
73.86 50.94 Sony SNE .4 16 69.68 –1.30 4.34 3.37 4.62 .2276 62.31 42.12 TerrenoRealty TRNO 2.1 66 52.05 –1.79 .85 .79 .85 .27 5.88 1.48 VOC Energy VOC 23.9 3 2.22 –0.16 ... 2.05 1.58 .03 39.37 12.89 Yelp YELP ... 69 21.41 –3.36 .52 –.75 ... ...
34.48 19.62 SoJerseyInd SJI 5.0 24 23.65 –1.02 .84 1.53 1.69 .295 2.18 0.22 TetraTech TTI ... dd .55 +0.16 –1.17 ... ... ... 2.60 0.70 VaalcoEnergy EGY ... dd 1.15 –0.05 .04 .27 .60 ... 22.65 8.56 Yext YEXT ... dd 16.06 –0.25 –1.09 –.46 –.31 ...
54.12 33.95 SouthJerseyIndsUn SJIU 8.9 ... 40.92 –1.98 ... ... ... .9063 13.76 6.07 TevaPharm TEVA ... dd 12.19 –0.48 –.91 2.51 2.62 ... 255.37 125.00 VailResorts MTN .0 45 176.19 –6.15 7.32 ... ... 1.76 14.71 2.83 YirenDigital YRD ... 4 4.40 –0.23 1.81 7.13 9.69 ...
71.10 41.96 Southern SO 5.0 15 50.92 –2.69 4.50 3.16 3.31 .64 838.50 295.05 TexasPacLand TPL 1.7 19 572.15 –51.89 41.09 27.82 31.78 6.00 9.68 0.29 Valaris VAL ... dd .70 –0.19 –1.14 ... –4.98 ... 39.00 12.01 Youdao DAO ... dd 36.00 +1.30 ... –6.76 –2.68 ...
57.75 36.39 SouthernUnSeriesA SOLN 7.4 ... 43.58 –2.26 ... ... ... .8438 11.75 5.50 Textainer TGH ... 13 8.11 +0.15 .99 .50 .90 ... 14.19 6.49 Vale VALE ... dd 10.19 –0.12 –.33 1.32 ... ... 119.72 54.95 YumBrands YUM 2.2 24 84.79 –3.47 4.14 2.92 3.79 .47
44.82 23.43 SoCopper SCCO 2.1 22 37.72 –0.08 1.92 ... ... .20 54.24 20.26 Textron TXT .3 11 31.86 –2.65 3.50 1.51 2.38 .02 101.99 31.00 ValeroEnergy VLO 7.0 58 56.32 –6.84 5.84 ... 4.05 .98 52.61 38.33 YumChina YUMC .0 35 49.66 –1.65 1.89 1.09 2.03 .12
58.83 22.47 SouthwestAir LUV .0 9 31.96 –2.59 4.27 –4.48 3.66 .18 358.00 250.21 ThermoFisherSci TMO .3 38 350.95 –1.78 9.17 ... ... .22 38.04 9.02 Valhi VHI 3.3 5 9.57 –0.29 1.68 3.00 3.12 .24 38.67 17.16 ZTO Express ZTO .0 38 36.93 –1.71 ... ... 8.91 .29
92.94 45.68 SouthwestGas SWX 3.5 19 65.52 –0.54 3.94 3.80 4.27 .57 27.73 12.62 Thermon THR ... 40 14.44 +0.31 .36 .42 .69 ... 154.86 82.60 ValmontInds VMI 1.7 14 106.79 –5.20 7.06 6.34 6.89 .45 94.89 50.23 Zendesk ZEN ... dd 86.42 +5.17 –1.53 ... .69 ...
3.90 1.06 SouthwesternEner SWN ... dd 2.40 –0.35 1.65 .19 .42 ... 11.52 5.64 ThirdPointReins TPRE ... dd 7.30 –0.15 2.18 1.25 1.60 ... 23.90 9.06 Valvoline VVV 2.4 16 18.84 –0.66 1.10 ... 1.56 .113 161.11 74.37 ZimmerBiomet ZBH .8 64 115.43 –10.79 5.47 3.92 8.94 .24
11.26 9.90 SpartanEnergy SPAQ.UT ... cc 10.65 +0.05 ... ... ... ... 82.50 52.23 ThomsonReuters TRI 2.3 20 66.65 –0.84 3.12 1.77 1.95 .38 40.78 6.86 Vapotherm VAPO ... dd 40.23 +3.23 –2.74 –2.11 –1.99 ... 146.26 90.14 Zoetis ZTS .6 40 132.66 –4.74 3.11 3.35 3.99 .20
10.52 9.75 SpartanEnergy SPAQ ... 71 10.40 +0.03 .18 ... ... ... 118.89 32.30 ThorIndustries THO 1.5 30 106.40 –6.91 2.47 ... 5.42 .40 150.06 89.62 VarianMed VAR ... 43 116.72 –2.75 3.18 3.60 5.07 ... 16.75 6.21 Zuora ZUO ... dd 12.97 –0.04 ... ... –.11 ...
1.25 0.27 SpartanEnerWt SPAQ.WT ... ... .87 –0.08 ... ... ... ... 12.56 5.20 3D Systems DDD ... dd 6.45 –0.88 –.61 –.22 –.05 ... 14.42 7.92 VectorGroup VGR 8.1 19 9.86 –1.91 .63 .41 .61 .20 52.75 20.33 Zymeworks ZYME ... dd 36.02 –1.50 –3.83 –3.37 –3.93 ...
64.72 19.59 SpectrumBrands SPB 3.9 dd 43.09 –2.07 9.31 2.84 3.13 .42 187.72 114.04 3M MMM 3.9 18 152.52 –5.63 7.81 8.03 8.88 1.47 59.24 28.90 Vectrus VEC ... 15 46.36 –3.47 2.99 3.69 4.62 ...
88.00
92.81
57.37
13.69
Spire
SpiritAeroSys
SR
SPR
4.0
.2
21
12
62.17
22.32
–3.29
–4.84
3.52
5.06
3.71
–1.52
4.06
2.04
.6225
.01
24.30
3.20
4.09
0.50
Tidewater
TidewaterWtA
TDW
TDW.WTA
...
...
dd
...
5.28
.57
–0.66
–0.11
–3.71
...
–1.88
...
–1.17
...
...
...
10.22
244.10
3.24
118.11
Vedanta
VeevaSystems
VEDL
VEEV
...
...
5
cc
5.77
234.93
+0.33
+8.26
–1.02
1.90
.12
2.55
.59
3.02
...
... NYSE ARCA
55.21 7.01 SpiritAirlines SAVE ... 5 16.58 –2.23 4.89 –5.79 1.30 ... 2.90 0.21 TidewaterWtB TDW.WTB ... ... .42 –0.13 ... ... ... ... 14.90 2.24 VelocityFinl VEL ... 5 4.05 +0.02 ... .81 .85 ...
54.63 18.37 SpiritRealtyCap SRC 7.3 29 34.38 –1.35 1.81 .74 1.02 .625 134.42 78.60 Tiffany TIF 1.9 41 119.57 –1.31 4.45 2.44 4.06 .58 5.53 1.12 VenatorMaterials VNTR ... dd 1.60 –0.38 –1.64 –.06 ... ... 15.25 6.29 EmpireStateReal250 FISK 6.3 ... 6.66 –0.10 ... ... ... .105
271.71 109.18 Spotify SPOT ... dd 264.95 +33.66 –1.15 –.94 –.19 ... 12.75 3.46 Tilly's TLYS .0 36 5.37 –0.33 ... –.60 .64 1.00 75.40 13.35 Ventas VTR 5.0 17 35.72 –0.08 1.17 1.34 .84 .45 15.24 6.13 EmpireStateReal60 OGCP 6.3 ... 6.63 –0.16 ... ... ... .105
19.10 9.83 SpragueRscs SRLP 17.2 9 15.56 ... 1.10 1.81 1.07 .6675 58.78 22.26 Timken TKR 2.5 10 45.12 +0.98 4.71 2.67 3.59 .28 18.65 5.25 Veoneer VNE ... dd 10.46 –0.54 –4.92 –4.56 –2.45 ... 15.30 6.07 EmpireStateRealES ESBA 6.4 ... 6.59 –0.20 ... ... ... .105
107.84 32.33 Square SQ ... cc 104.30 +6.32 ... ... .95 ... 8.41 2.16 TimkenSteel TMST ... dd 3.70 –0.82 –2.46 –1.67 .23 ... 24.66 5.70 Veritiv VRTV ... dd 15.22 –1.36 –1.84 .45 1.15 ... 106.56 16.88 US Oil Fund USO ... ... 27.36 –0.87 ... ... ... ...
23.38 15.32 St.Joe JOE ... 47 18.23 –1.03 .45 .25 .08 ... 5.00 1.05 TItanIntl TWI 1.5 dd 1.35 –0.10 –.84 –.96 –.39 .005 62.22 48.84 Verizon VZ 4.6 12 53.16 –3.00 4.65 4.74 4.99 .615 21.98 5.91 USBrentOilFd BNO ... ... 10.59 –0.38 ... ... ... ...
55.85 33.94 StandardMotor SMP .0 17 39.79 –0.11 2.54 2.15 2.98 .25 49.31 13.28 Toll Bros TOL 1.5 9 29.33 –2.54 4.03 ... 3.37 .11 22.34 1.50 VermilionEnergy VET .0 dd 4.24 –0.71 .16 –7.26 –.56 .1742 33.82 8.19 USGasolineFd UGA ... ... 17.89 –1.96 ... ... ... ...
81.69 37.50 StandexInt SXI 1.6 22 55.43 +1.85 5.38 ... 3.93 .22 38.92 30.79 TootsieRoll TR 1.1 32 32.71 –2.59 ... .68 .74 .09 19.49 9.61 Verso VRS 3.6 4 11.13 –0.42 2.74 –3.12 .68 .10 23.40 8.89 US NatGas UNG ... ... 9.05 –1.20 ... ... ... ...
173.67 70.00 StanleyBlackDck SWK 2.0 22 136.27 +2.35 6.35 5.72 7.27 .69 134.75 54.83 TopBuild BLD ... 18 106.89 –15.07 5.56 4.55 5.63 ... 15.05 4.75 Vertiv VRT ... dd 12.27 –1.55 .05 .65 1.00 ... 9.75 7.10 US12mthNtlGas UNL ... ... 7.41 –0.26 ... ... ... ...
112.04 50.68 StanleyB&D Un SWT 6.1 ... 87.36 –0.68 ... ... ... 1.3125 84.26 52.07 Toro TTC 1.5 26 65.12 –0.91 ... 2.46 2.89 .25 16.00 5.80 VertivUn VERT.UT ... cc 12.82 –2.37 .06 ... ... ... 23.85 9.50 US12moOilFd USL ... ... 14.37 –0.40 ... ... ... ...
M18 BARRON’S June 29, 2020

Nasdaq Issues
Nasdaq Issues includes stocks traded on the Nasdaq Global Select and Nasdaq Global Market tiers. They are eligible for inclusion on the - Earnings - - Earnings -
basis of SEC-approved market value of publicly-held shares, trading volume, price and number of market-makers. 52-Week Tick - Week’s - Last This Next Div 52-Week Tick - Week’s - Last This Next Div
High Low Name Sym Yld P/E Last Chg. Year Year Year Amt High Low Name Sym Yld P/E Last Chg. Year Year Year Amt
- Earnings - - Earnings -
52-Week Tick - Week’s - Last This Next Div 52-Week Tick - Week’s - Last This Next Div 18.24 4.25 BassettFurniture BSET .0 dd 7.03 +0.38 –.19 .80 .66 .125 18.99 10.98 CellularBiomed CBMG ... dd 15.97 +2.73 –2.63 ... –2.63 ...
24.89 10.08 BayCom BCML ... 9 11.86 –1.33 1.47 1.60 1.80 ... 14.98 4.10 Celyad CYAD ... dd 11.05 –0.15 –2.56 ... ... ...
High Low Name Sym Yld P/E Last Chg. Year Year Year Amt High Low Name Sym Yld P/E Last Chg. Year Year Year Amt 37.92 11.67 BeaconRoof BECN ... dd 24.76 –2.62 –.51 1.61 ... ... 28.71 7.80 Centogene CNTG ... dd 19.61 +0.55 –1.46 –1.50 –1.11 ...
31.80 13.00 BeamTherap BEAM ... ... 24.95 –2.35 ... –2.40 –2.45 ... 5.03 1.80 CentralEurMedia CETV ... 11 3.36 –0.22 .32 .33 .36 ...
A 244.99
15.91
173.12
6.25
Amgen
AmicusTherap
AMGN
FOLD
2.7
...
18
dd
232.84
15.25
–5.86
...
12.88
–1.48
15.73
...
16.92
–.69
1.60
... 5.15
17.79
1.28
3.43
BeasleyBroadcast
BedBath
BBGI
BBBY
.0
.0
20
dd
2.34
10.05
–1.52
+0.21
...
–4.94
–.52
–2.00
.40
...
.05
.17
37.31
34.79
22.40
20.51
CentralGarden
CentralGardenA
CENT
CENTA
...
...
23
21
34.72
32.64
+1.13
+1.17
...
...
1.61
1.61
1.78
1.78
...
...
15.25 5.40 AmkorTech AMKR ... 14 11.79 –0.02 .50 .62 .80 ...
60.00 40.48 AAON AAON .7 41 50.73 –2.65 1.02 1.45 1.39 .19 22.85 12.33 AmphastarPharm AMPH ... 21 21.57 +0.56 .98 .62 1.26 ... 210.35 114.41 BeiGene BGNE ... dd 195.41 +12.74 –15.89 –17.21 –13.17 ... 8.42 2.91 CenturyAluminum CENX ... dd 6.77 –0.08 –.91 –.70 –.31 ...
53.75 21.56 ACADIA Pharm ACAD ... dd 47.93 –4.10 –1.60 –1.89 –.59 ... 7.96 3.55 AmtechSystems ASYS ... dd 4.85 –0.23 –.36 –1.00 .46 ... 17.60 6.08 BelFuse A BELFA 2.4 dd 9.83 –0.38 –.71 –.41 .76 .06 93.49 51.40 CenturyBancorpA CNBKA .7 12 70.75 –5.06 7.13 2.00 2.00 .12
39.37 20.03 ACI Worldwide ACIW ... 46 26.26 –0.88 .57 .76 1.45 ... 6.07 1.40 Amyris AMRS ... dd 4.23 +0.31 –2.72 –.76 –.13 ... 21.50 6.30 BelFuse B BELFB 2.9 dd 9.70 –0.04 –.71 –.41 .76 .07 3.25 0.99 Ceragon CRNT ... dd 2.09 +0.01 –.03 –.13 .08 ...
10.14 4.07 AC Immune ACIU ... dd 6.75 –0.43 .64 –.90 –.89 ... 127.39 79.08 AnalogDevices ADI 2.1 40 117.87 –2.31 3.65 4.27 5.02 .62 28.25 6.09 Benefitfocus BNFT ... dd 10.36 –1.19 –1.40 –.49 –.33 ... 45.35 11.39 Cerence CRNC ... ... 38.59 –5.81 2.76 ... ... ...
69.25 12.51 ACM Research ACMR ... 63 60.67 +0.24 ... 1.00 1.48 ... 57.82 10.00 AnaptysBio ANAB ... dd 22.64 +0.29 –3.60 –2.10 –3.21 ... 31.49 15.60 BenefyttTech BFYT ... dd 18.65 +0.15 2.47 3.39 4.50 ... 80.90 53.08 Cerner CERN 1.1 41 66.54 –6.64 1.65 ... ... .18
5.48 1.45 ADMA Biologics ADMA ... dd 2.97 +0.10 –.89 –.69 –.25 ... 28.82 10.00 Andersons ANDE 5.4 dd 13.02 –1.25 .55 –1.07 1.20 .175 11.72 1.82 Berry(bry) BRY .0 dd 4.56 –0.59 .53 ... ... .12 7.17 2.71 Cerus CERS ... dd 6.86 +0.54 –.51 –.39 –.29 ...
19.65 6.25 AGNC Invt AGNC 11.3 dd 12.76 –0.13 1.16 2.02 1.92 .12 22.09 7.48 AngioDynamics ANGO ... 8 9.81 –0.24 1.64 .12 .22 ... 239.71 48.18 BeyondMeat BYND ... dd 141.68 –16.60 –.29 .13 .63 ... 17.57 6.18 ChangeHlthcr CHNG ... dd 10.93 –1.46 –6.92 .94 1.37 ...
1.93 0.28 ALJ Regional ALJJ ... dd .53 –0.13 –.41 ... ... ... 75.72 22.01 AnikaTherap ANIK ... 17 33.01 –1.32 1.89 –.06 1.16 ... 19.79 6.24 BicycleTherap BCYC ... dd 16.94 +0.94 –2.78 –2.11 –2.49 ... 63.29 30.71 ChangeHlthcrUn CHNGU 6.9 ... 43.54 –3.61 ... ... ... .75
13.53 4.41 AMAG Pharm AMAG ... dd 7.28 –0.03 –13.71 –.42 .12 ... 12.18 5.22 AnPacBioMed ANPC ... ... 6.01 –1.42 ... –1.38 –1.02 ... 4.14 0.65 Big5SportingGds BGFV .0 18 1.85 –0.13 .40 .09 .12 .05 78.80 15.00 ChartIndustries GTLS ... 30 45.22 +3.40 1.32 2.71 3.12 ...
57.04 19.62 AMC Networks AMCX ... 4 22.64 –3.98 ... 5.15 6.25 ... 33.77 3.80 Apache APA .8 dd 13.25 –0.73 –9.43 –2.28 –1.21 .025 45.95 13.23 Bilibili BILI ... dd 44.52 –0.20 ... –.80 –.38 ... 549.00 345.67 CharterComms CHTR ... 61 502.27 –34.40 7.45 ... ... ...
80.65 48.02 Amerisafe AMSF 1.8 14 59.13 –1.69 4.80 3.19 2.93 .27 45.04 16.85 ApellisPharm APLS ... dd 30.10 –1.84 –4.90 ... ... ... 282.52 155.17 Bio-Techne TECH .5 54 256.45 –1.26 2.47 ... ... .32 120.99 80.06 CheckPoint CHKP ... 19 105.90 –1.72 5.48 6.35 6.71 ...
19.95 7.47 A-MarkPrecMet AMRK ... 11 18.03 –0.10 .31 2.10 1.12 ... 7.60 1.95 Aphria APHA ... 44 4.07 –0.37 –.05 –.02 –.03 ... 6.29 1.38 BioCryst BCRX ... dd 4.83 +0.94 –.94 –.91 –.75 ... 45.24 14.52 Cheesecake CAKE .0 dd 20.14 –2.78 2.86 –1.57 1.13 .36
14.25 4.10 ANGI Homesvcs ANGI ... cc 12.03 –0.50 ... –.06 .10 ... 46.70 13.77 ApogeeEnt APOG 3.6 9 20.82 –1.16 2.32 2.02 2.55 .1875 7.21 2.85 BioDeliverySci BDSI ... dd 4.11 –0.51 –.18 .20 .47 ... 42.06 3.55 ChefsWarehouse CHEF ... 44 12.71 –2.46 .81 –1.46 .27 ...
86.96 28.28 ANI Pham ANIP ... dd 30.47 +0.54 ... 3.99 4.58 ... 3.79 1.24 ApolloEnd APEN ... dd 1.65 –0.04 –1.27 ... ... ... 374.99 215.78 Biogen BIIB ... 8 258.66 –12.34 31.42 33.03 31.47 ... 65.43 6.16 ChemoCentryx CCXI ... dd 53.79 –4.60 –.98 –1.42 –1.31 ...
299.06 186.81 Ansys ANSS ... 60 283.08 +1.49 5.25 5.93 6.85 ... 18.33 5.20 ApolloInv AINV 19.4 dd 9.28 –0.82 –1.73 1.79 1.64 .45 124.95 62.88 BioMarinPharm BMRN ... cc 124.02 –0.10 –.13 .31 1.26 ... 49.00 21.75 ChemungFinl CHMG 4.2 9 24.55 –0.45 3.21 2.42 2.51 .26
23.60 7.19 ARKRestaurants ARKR .0 15 12.91 –0.23 .76 1.00 1.00 .25 180.56 81.01 AppFolio APPF ... cc 157.84 –1.54 ... .44 .78 ... 105.00 12.53 BioNTech BNTX ... dd 62.13 +10.77 –.95 –.93 –.71 ... 9.25 2.88 Chiasma CHMA ... dd 6.08 –0.96 –1.06 –1.35 –.93 ...
371.80 191.25 ASML ASML .6 52 361.76 +1.09 6.89 7.86 11.20 1.2718 64.72 29.07 Appian APPN ... dd 50.11 –1.66 ... ... ... ... 66.51 42.00 BioSpecificsTech BSTC ... 18 58.52 –2.06 3.33 2.05 5.45 ... 10.63 4.66 ChickenSoupA CSSE ... dd 7.05 –0.33 ... ... ... ...
3.24 0.61 ATA Creativity AACG ... dd 1.15 +0.20 –.73 .22 .34 ... 372.38 192.58 Apple AAPL .9 28 353.63 +3.91 11.89 ... ... .82 55.85 27.35 BioTelemetry BEAT ... 61 42.68 –4.32 .82 1.57 2.06 ... 102.55 9.25 Children'sPlace PLCE .0 dd 36.28 –2.47 4.68 .75 4.01 .56
79.64 37.01 ATN Intl ATNI 1.2 dd 57.91 +2.05 –.68 –.09 .06 .17 10.42 2.29 AppliedGenetic AGTC ... dd 6.19 +0.03 –.11 ... ... ... 46.25 17.63 BlackDiamond BDTX ... dd 41.97 +0.60 ... –2.16 –2.45 ... 4.40 1.19 Chimerix CMRX ... dd 3.02 –0.09 –2.03 –.89 –.56 ...
11.20 2.23 AveoPharma AVEO ... dd 5.08 –0.16 6.10 ... ... ... 69.44 36.64 ApplMaterials AMAT 1.5 19 58.38 –2.57 2.86 ... 4.22 .22 97.35 38.22 Blackbaud BLKB .0 cc 55.49 –4.84 .25 ... 2.18 .12 119.44 92.22 ChinaBiologic CBPO ... 27 106.78 –2.45 3.55 4.90 5.28 ...
29.32 9.76 AVROBIO AVRO ... dd 18.49 –3.65 –2.66 –3.17 –3.22 ... 31.84 17.05 AppliedMolecular AMTI ... ... 26.15 –0.84 –3.81 ... ... ... 84.99 38.32 BlackLine BL ... dd 81.73 +2.08 –.59 .42 .53 ... 12.10 3.65 ChinaFinance JRJC ... dd 6.43 –0.74 –.50 .26 .43 ...
5.99 1.85 AXT AXTI ... dd 4.38 –0.41 –.07 .02 .18 ... 15.98 5.00 AppliedOptoelec AAOI ... dd 9.31 –0.49 –3.31 –.85 –.15 ... 6.17 1.47 BlackRockCapInvt BKCC 15.3 dd 2.61 –0.25 –.10 .56 .53 .10 5.18 0.94 ChinaIndex CIH ... 5 2.12 –0.67 ... ... ... ...
285.77 119.01 Abiomed ABMD ... 54 239.27 –17.82 4.43 3.48 4.89 ... 57.39 8.08 AppliedTherap APLT ... dd 35.34 –12.90 –3.55 –3.04 –4.17 ... 14.76 4.02 BlkRkTCPCap TCPC 16.3 dd 8.81 –0.65 .52 1.34 1.33 .36 2.44 0.63 ChinaXDPlastics CXDC ... 4 1.15 ... .05 1.78 1.74 ...
69.13 45.60 AcaciaComms ACIA ... 71 68.30 +0.03 .77 2.22 2.13 ... 53.11 15.10 ApreaTherap APRE ... ... 38.32 +0.42 –4.67 –2.38 –2.98 ... 24.29 4.54 BloominBrands BLMN 8.4 31 9.52 –1.48 1.45 –1.54 .76 .20 24.83 15.00 ChipMOSTechs IMOS ... 10 22.18 –0.72 .23 2.26 2.22 ...
4.30 1.75 AcaciaResearch ACTG ... dd 4.08 +0.19 –.40 ... .01 ... 5.25 1.60 Aptinyx APTX ... dd 3.93 –0.47 –1.71 –1.24 –1.32 ... 30.96 8.66 Blucora BCOR ... dd 10.41 –1.27 .98 1.63 1.83 ... 167.53 52.90 ChurchillDowns CHDN .5 50 125.91 –7.60 3.38 ... ... .581
35.40 11.09 AcadiaHealthcare ACHC ... 19 24.61 –1.85 1.24 1.87 ... ... 26.00 1.66 Aptorum APM ... dd 3.50 –0.76 ... ... –.72 ... 23.99 8.40 BlueBird BLBD ... 15 13.86 –0.74 .90 2.01 1.65 ... 29.45 7.28 Chuy's CHUY ... dd 13.58 –1.55 .37 –.34 .62 ...
110.49 37.60 AcceleronPharma XLRN ... dd 97.86 –3.52 –2.38 –2.94 –2.81 ... 8.59 2.81 ApyxMedical APYX ... dd 5.42 +0.74 –.58 ... ... ... 143.98 38.95 bluebirdbio BLUE ... dd 60.90 –3.39 –14.31 –12.56 –11.62 ... 4.45 1.22 CidaraTherap CDTX ... dd 3.90 –0.10 –1.41 –1.45 –1.72 ...
4.68 1.33 Accuray ARAY ... 84 2.20 –0.08 –.19 .02 –.05 ... 10.00 1.41 AquestiveTherap AQST ... dd 5.03 –0.43 –2.61 –1.70 –1.22 ... 1.55 0.53 BlueknightEner BKEP 12.4 dd 1.29 –0.15 –.17 –.10 .06 .04 145.09 40.80 Cimpress CMPR ... 15 78.11 +1.18 3.09 ... ... ...
3.02 0.70 AcelRxPharm ACRX ... dd 1.22 –0.14 –.67 –.59 –.27 ... 15.62 3.34 Aravive ARAV ... dd 14.10 –0.42 –1.57 –2.13 –1.96 ... 102.98 43.29 BlueprintMed BPMC ... dd 75.59 –3.21 –7.27 –8.51 –6.84 ... 118.19 46.07 CincinnatiFin CINF 3.9 cc 62.00 –1.17 12.10 ... ... .60
3.66 0.82 ArbutusBiopharma ABUS ... dd 1.93 +0.02 –2.89 –.89 –.85 ... 19.58 6.66 BoingoWireless WIFI ... dd 12.10 –0.94 –.23 –.34 –.20 ... 6.00 0.25 Cinedigm CIDM ... dd 1.82 –0.51 –.44 –.09 .34 ...
2.50 0.70 AclarisTherap ACRS ... dd 1.48 –0.14 –3.90 –1.43 –1.38 ... 2094.00 1107.29 BookingHldgs BKNG ... 20 1541.25 –85.66 111.82 13.88 68.17 ... 304.81 154.33 Cintas CTAS 1.0 29 256.50 –13.66 7.99 7.99 ... 2.55
8.08 0.70 AcordaTherap ACOR ... dd .75 –0.09 –5.75 ... ... ... 32.46 13.54 ArcBest ARCB 1.3 18 24.42 –0.55 1.51 2.42 ... .08
13.08 5.18 BostonPrivFin BPFH 7.7 8 6.20 –0.39 .97 ... .62 .12 91.63 41.23 CirrusLogic CRUS ... 22 58.52 –4.02 2.64 ... ... ...
77.63 44.81 ActivisionBliz ATVI .5 38 76.40 –0.18 1.95 2.75 3.04 .41 48.32 20.93 ArchCapital ACGL ... 9 27.70 –1.63 3.87 .85 ... ...
57.22 27.82 Bottomline EPAY ... dd 48.15 –1.36 .23 ... ... ... 58.26 32.40 CiscoSystems CSCO 3.1 18 46.31 +0.99 2.61 ... 3.14 .36
7.78 1.90 AdamasPharm ADMS ... dd 2.60 –0.21 –3.80 –2.18 –1.35 ... 59.49 29.09 ArcoPlatform ARCE ... dd 42.63 –3.09 –.05 .81 1.17 ...
62.97 8.49 ArcturusTherap ARCT ... dd 44.20 +2.97 –2.15 ... ... ... 12.53 5.10 Brainsway BWAY ... ... 6.06 –0.30 –1.00 –.45 –.27 ... 24.78 6.70 CitiTrends CTRN .0 dd 15.36 –1.54 1.41 1.85 2.10 .08
13.40 0.71 AdaptimmuneTher ADAP ... dd 9.48 –0.68 –1.33 –.88 –1.28 ... 34.25 17.17 BridgeBancorp BDGE 4.5 9 21.32 –1.20 2.59 2.74 2.43 .24 12.75 5.26 CtznCmntyBcp CZWI 3.1 7 6.87 –0.41 .85 .83 1.19 .21
55.12 15.19 AdaptiveBiotech ADPT ... dd 46.29 +1.56 –1.01 –1.03 –1.05 ... 40.88 17.10 ArcutisBiotherap ARQT ... ... 32.47 –1.33 ... –3.88 –4.08 ...
8.82 2.10 Ardelyx ARDX ... dd 6.39 –0.41 –1.47 ... ... ... 48.36 14.23 BridgeBioPharma BBIO ... dd 33.20 +1.69 –2.48 ... ... ... 27.94 16.02 CitizensHolding CIZN 4.0 21 23.77 –1.73 1.17 1.45 1.55 .24
104.56 43.13 AddusHomeCare ADUS ... 60 89.10 –5.58 1.41 ... ... ... 38.00 14.06 BridgfordFoods BRID ... 29 14.99 –1.51 ... ... ... ... 155.10 90.28 CitrixSystems CTXS 1.0 25 142.77 –1.83 5.03 ... 6.24 .35
6.49 1.50 ADDvantage AEY ... dd 2.97 +0.31 –.51 .76 1.30 ... 69.75 32.95 ArenaPharm ARNA ... dd 65.92 +2.86 7.69 –8.65 ... ...
19.33 7.90 AresCapital ARCC 11.5 dd 13.95 –0.90 1.86 ... 1.66 .40 12.88 5.44 Brightcove BCOV ... dd 7.47 –0.22 –.58 .02 .22 ... 83.07 53.06 CityHolding CHCO 3.7 10 61.06 –3.21 5.42 3.14 3.89 .57
446.15 255.13 Adobe ADBE ... 56 426.92 –1.09 6.00 9.77 11.10 ... 48.25 12.05 BrighthouseFin BHF ... 1 26.23 –5.08 –6.76 7.75 10.62 ... 15.06 7.86 Clarus CLAR .9 22 10.55 –0.24 .61 ... .27 .0249
16.40 4.80 Adtran ADTN 3.4 dd 10.62 –0.39 –1.11 ... .20 .09 242.37 103.75 arGEN-X ARGX ... dd 224.51 +8.40 –4.72 –9.31 –11.06 ...
38.31 20.79 ArrowFinancial AROW 3.8 11 27.39 –0.85 2.50 2.31 2.37 .26 331.58 155.67 Broadcom AVGO 4.2 55 307.41 +4.64 6.43 ... ... 3.25 2.93 1.05 CleanEnerFuels CLNE ... 13 2.01 –0.12 .10 ... –.03 ...
4.04 0.90 AduroBiotech ADRO ... dd 2.18 –0.20 –1.03 ... ... ... 20.58 7.10 BrookfieldProp BPY 13.8 9 9.65 –1.05 1.89 2.07 2.11 .3325 14.90 8.32 Clearfield CLFD ... 42 13.74 +0.21 .34 .28 .43 ...
15.34 4.44 AdvEmissions ADES .0 4 4.58 –0.05 1.93 3.10 ... .25 73.72 19.51 ArrowheadPharm ARWR ... cc 43.27 +6.54 .69 –.52 –.97 ...
39.60 30.01 ArtesianRscs A ARTNA 2.8 22 35.79 +1.42 ... 1.68 1.75 .2496 20.77 7.15 BrookfieldPropREIT BPYU 13.6 dd 9.77 –1.16 1.32 ... ... .3325 4.13 0.56 ClearsideBiomed CLSD ... dd 1.93 –0.05 –.81 ... ... ...
78.49 33.38 AdvEnergyInds AEIS ... 36 62.81 –3.75 1.69 3.11 3.89 ... 16.96 8.13 BrooklineBcp BRKL 4.9 16 9.31 –0.38 1.10 .34 .78 .115 17.37 2.93 ClovisOncology CLVS ... dd 7.02 +0.35 –7.43 ... ... ...
59.27 27.43 AdvMicroDevices AMD ... cc 50.10 –4.13 .30 1.02 1.58 ... 61.57 15.19 Arvinas ARVN ... dd 31.91 +2.03 –2.13 –2.44 –2.75 ...
16.20 0.91 AscenaRetail ASNA ... dd 1.43 –0.61 –67.00 ... ... ... 50.35 21.19 Brooks Auto BRKS .9 92 42.18 –0.32 6.04 .89 1.21 .10 18.59 8.41 CoastalFinl CCB ... 13 13.86 –1.57 1.08 1.21 1.07 ...
2.38 0.21 Advaxis ADXS ... dd .56 –0.07 –1.09 –.70 –.70 ... 382.51 188.08 CocaColaCon COKE .5 64 221.27 –19.00 1.21 9.36 12.33 .25
26.98 4.96 AdverumBiotech ADVM ... dd 18.95 –5.68 –1.01 –1.21 –1.28 ... 158.93 90.06 AscendisPharma ASND ... dd 148.12 +2.05 –5.25 ... ... ... 54.49 30.78 Bruker BRKR .4 33 37.96 –3.13 1.26 ... 1.57 .04
2.15 0.89 AsiaPacificWire APWC ... dd .98 –0.04 –.12 ... ... ... 41.41 22.20 BrynMawrBank BMTC 4.0 14 26.11 –0.62 2.93 1.13 ... .26 19.07 8.43 Codexis CDXS ... dd 10.60 –0.24 –.21 –.35 –.25 ...
23.65 11.40 Aegion AEGN ... dd 14.39 –0.54 –.67 .88 1.11 ... 28.43 9.00 BuildersFirstSrc BLDR ... 12 19.35 –2.23 1.90 1.14 2.68 ... 23.60 10.62 CodorusValleyBncp CVLY 4.6 12 13.80 –0.31 1.88 .83 .48 .16
11.38 3.50 AegleaBioTherap AGLE ... dd 9.21 –1.29 –2.45 –2.56 –1.86 ... 8.18 0.35 AslanPharm ASLN ... dd 2.00 +0.08 –1.44 –.37 –.58 ...
1.72 0.37 Aemetis AMTX ... dd .81 –0.02 –1.75 –1.14 –1.05 ... 10.75 3.62 AspenGroup ASPU ... dd 8.73 –0.52 –.50 ... –.09 ... 32.40 22.50 BurningRockBio BNR ... ... 27.85 –0.94 ... ... ... ... 92.96 53.24 CogentComm CCOI 3.4 94 76.29 –2.62 .81 1.01 1.35 .68
142.89 73.07 AspenTech AZPN ... 30 101.57 +1.04 3.71 3.36 3.65 ... 26.64 9.17 BusFirstBcshs BFST 2.8 9 14.28 –0.82 1.74 1.53 1.65 .10 64.28 35.20 Cognex CGNX .4 54 58.64 +1.79 1.16 ... ... .055
30.65 10.80 AeriePharm AERI ... dd 14.88 –0.72 –4.39 –3.34 –2.12 ... 71.48 40.01 CognizantTech CTSH 1.6 17 55.21 +1.05 3.29 3.35 3.86 .22
79.54 45.00 AeroVironment AVAV ... 45 77.02 +9.43 1.71 1.87 2.18 ... 25.07 8.13 AssemblyBiosci ASMB ... dd 22.53 +0.12 –3.72 –3.13 –4.03 ...
12.56 5.80 AestheticMed AIH ... 7 6.11 –0.47 ... .64 1.43 ... 3.63
12.94
0.55
6.51
Assertio
AstaFunding
ASRT
ASFI
...
...
dd
17
.82
12.92
–0.02
+2.07
–3.07
1.08
...
.16
.06
.11
...
...
C 178.08
23.91
78.21
10.86
Coherent
CoherusBioSci
COHR
CHRS
...
...
dd
9
129.97
17.25
–12.20
–0.06
2.22
1.23
2.74
1.49
7.25
1.20
...
...
4.77 1.42 Affimed AFMD ... dd 4.63 +0.75 –.56 –.57 –.33 ... 26.43 8.89 Cohu COHU .0 dd 16.05 –1.45 –1.69 .18 1.16 .06
34.87 13.98 Afya AFYA ... 41 22.80 –1.41 ... 3.92 5.30 ... 49.18 25.17 AstecIndustries ASTE 1.0 35 44.61 –0.90 .98 1.56 1.57 .11
42.08 6.99 Astronics ATRO ... dd 10.03 –0.06 ... –2.72 ... ... 13.15 8.42 Cadiz CDZI ... dd 9.79 –0.74 –1.11 –.97 –.35 ... 35.66 13.26 CollectorsUniv CLCT 2.1 27 33.21 +0.30 1.11 –.08 .31 .175
37.17 12.61 Agilysys AGYS ... dd 17.49 –1.65 –1.47 ... ... ... 57.61 28.00 C&F Fin CFFI 4.7 6 32.25 –1.84 5.47 3.85 3.85 .38 25.59 10.01 CollegiumPharm COLL ... dd 16.34 –1.39 –.68 3.52 4.38 ...
54.68 27.77 AgiosPharm AGIO ... dd 51.71 +3.58 –6.86 ... ... ... 26.57 5.29 AstroNova ALOT .0 cc 6.85 +0.10 .24 .04 .28 .07
21.45 4.52 AtaraBiotherap ATRA ... dd 13.52 +2.90 –5.67 –4.66 –4.08 ... 30.95 16.25 CB FinSvcs CBFV 4.4 10 22.00 –2.71 2.63 1.20 1.42 .24 92.07 33.93 ColliersIntl CIGI .2 21 55.05 –5.79 ... 3.10 4.85 .05
55.70 20.00 Agora API ... ... 50.50 +30.50 ... –.12 –.10 ... 31.73 12.50 CBTX CBTX 2.0 11 20.08 –0.26 2.02 1.18 1.21 .10 17.40 8.70 ColonyBankcorp CBAN 3.6 12 11.13 –0.72 1.12 –.10 .90 .10
4.20 1.00 AgroFresh AGFS ... dd 2.71 –0.56 –1.21 –.24 –.23 ... 21.11 5.63 Athenex ATNX ... dd 12.90 –0.36 –1.67 –1.61 –1.10 ...
3.48 1.46 AtlanticAmerican AAME ... dd 1.67 –0.28 –.04 ... ... ... 57.00 29.12 CDK Global CDK 1.5 cc 40.20 –1.07 .98 ... ... .15 41.40 19.11 ColumbiaBanking COLB 4.2 12 26.36 –1.51 2.68 1.47 1.77 .28
0.07 ... AgroFresh Wt AGFSW ... ... .02 ... ... ... ... ... 146.09 73.39 CDW CDW 1.4 21 108.49 –8.46 4.99 5.60 6.26 .38 17.34 12.00 ColumbiaFin CLBK ... 31 13.13 –0.38 .49 .37 ... ...
37.00 10.09 AimmuneTherap AIMT ... dd 17.43 –0.67 –3.97 –3.94 –2.79 ... 20.21 8.89 AtlCapitalBcshs ACBI ... 20 11.11 –1.20 2.12 ... ... ...
40.20 18.55 AtlUnionBkshs AUB 4.7 11 21.46 –1.43 2.41 1.46 1.77 .25 37.95 20.45 CEVA CEVA ... cc 35.25 +0.52 ... .46 .78 ... 109.44 51.82 ColumbiaSportswr COLM .0 21 77.66 –0.99 4.83 1.92 3.98 .26
24.50 9.06 AirT AIRT ... 17 11.40 –2.55 .44 .61 .69 ... 91.23 56.94 CH Robinson CHRW 2.7 21 76.66 –1.09 4.19 3.29 3.68 .51 43.09 19.20 ColumbusMcKinn CMCO .8 13 31.96 +2.01 2.50 .82 1.68 .06
0.74 0.01 AirT Wt AIRTW ... ... .08 +0.01 ... ... ... ... 32.50 17.74 AtlanticaSust AY 5.7 94 28.50 +0.53 .61 .76 1.45 .41
18.36 3.76 Atlanticus ATLC ... 8 12.01 –0.69 1.66 –3.25 –2.00 ... 69.31 6.27 CimComm CMCT 3.0 5 9.89 –0.33 19.74 –2.46 –1.87 .075 47.74 31.71 Comcast A CMCSA 2.4 15 38.65 –0.45 ... ... ... .23
25.60 13.20 AirTransportSvcs ATSG ... dd 21.01 –0.60 .79 1.40 1.65 ... 8.86 1.62 CLPS CLPS ... 59 2.03 –0.33 –.24 ... ... ... 71.92 45.51 CommerceBcshrs CBSH 1.9 18 57.22 –4.61 3.58 2.41 2.95 .27
108.25 75.18 AkamaiTech AKAM ... 35 105.37 +4.90 2.90 4.93 5.34 ... 47.70 14.97 AtlasAir AAWW ... dd 39.08 –1.75 –11.35 7.98 6.27 ...
14.14 5.00 AtlasTech ATCX ... dd 6.88 –1.56 ... –.18 .15 ... 225.36 131.80 CME Group CME 2.1 24 162.45 –13.07 5.91 7.65 7.68 .85 8.43 1.24 CommVehicle CVGI ... dd 2.64 +0.17 .51 ... ... ...
25.66 8.00 AkceaTherap AKCA ... dd 14.15 –1.31 .77 –1.63 –1.96 ... 33.78 13.25 CNB FinPA CCNE 4.1 6 16.40 –1.01 2.63 1.99 1.81 .17 16.32 5.50 CommScope COMM ... dd 8.32 –1.41 –5.02 1.86 1.90 ...
13.17 2.99 AkebiaTherap AKBA ... dd 11.68 –0.15 –2.36 –1.46 –.71 ... 1.40 0.36 AtlasTechWt ATCXW ... ... .41 –0.10 ... ... ... ...
191.72 107.00 Atlassian TEAM ... dd 181.01 +8.37 ... ... ... ... 58.19 21.96 CRA Intl CRAI 2.5 13 36.95 +0.08 2.53 2.86 3.34 .23 9.90 2.83 CommsSystems JCS 1.7 6 4.78 –0.30 .69 –.01 .12 .02
34.00 10.78 AkeroTherap AKRO ... dd 23.50 –3.26 –2.90 ... ... ...
29.35 9.51 Atreca BCEL ... dd 20.77 +0.82 ... ... ... ... 79.92 32.30 CRISPR Therap CRSP ... 98 74.04 +4.96 1.17 –4.60 –5.23 ... 47.54 26.45 CmntyTrBcp CTBI 5.0 10 30.70 –0.83 3.64 2.24 2.65 .38
24.08 17.00 Akouos AKUS ... ... 22.00 +5.00 ... ... ... ... 58.69 36.33 CSG Systems CSGS 2.3 15 40.56 –3.28 2.55 2.88 3.19 .235 11.86 5.27 CommWestBcshs CWBC 2.0 10 9.02 +0.78 .93 .72 .88 .045
65.02 32.00 Alarm.com ALRM ... 60 63.54 +0.84 1.06 1.40 1.58 ... 51.76 22.57 AtriCure ATRC ... dd 43.85 –0.71 –.94 –1.68 –.98 ...
865.55 579.00 Atrion ATRI 1.0 32 619.53 –40.47 19.73 15.14 13.19 1.55 3.98 0.35 CSI Compressco CCLP 5.7 dd .71 –0.17 –.44 –1.33 –1.61 .01 51.90 24.26 CommVaultSys CVLT ... dd 37.35 –0.54 –.12 1.16 1.41 ...
2.78 1.44 AlaskaCommSys ALSK .0 19 2.51 –0.06 .09 .08 .09 .09 15.85 4.51 CSP CSPI .0 dd 7.89 –0.78 –.09 ... ... .15 17.85 2.96 Compugen CGEN ... dd 14.59 –0.94 –.43 –.42 –.50 ...
35.93 13.64 Alector ALEC ... dd 24.29 –6.29 –1.71 ... ... ... 65.55 22.51 AuburnNatlBncp AUBN 1.8 23 57.85 –1.02 2.72 1.00 1.00 .255
40.06 9.00 AudioCodes AUDC .8 cc 31.13 –0.61 .14 1.03 1.30 .13 81.06 50.13 CSW Industrials CSWI .8 22 66.12 –1.70 3.02 2.43 2.93 .135 35.78 16.93 ComputerPrograms CPSI 1.9 15 21.52 –1.06 1.43 ... ... .10
134.84 72.67 AlexionPharm ALXN ... 11 113.61 –5.74 10.70 11.06 11.83 ... 21.93 3.52 AuriniaPharm AUPH ... dd 15.49 –1.23 –1.33 –.75 –.52 ... 80.62 46.81 CSX CSX 1.6 16 65.91 –2.08 4.17 3.63 4.23 .26 6.48 2.86 ComputerTask CTG ... 13 4.41 +0.36 .29 .32 .36 ...
38.25 22.55 Alico ALCO 1.3 6 28.43 –1.59 5.05 1.11 1.59 .09 6.35 1.43 AuroraMobile JG ... dd 1.53 –0.05 –.14 .54 1.65 ... 22.23 14.92 CVB Fin CVBF 4.1 13 17.76 –1.11 1.48 1.17 1.10 .18 5.66 1.43 comScore SCOR ... dd 2.92 –0.43 –5.33 –.67 –.60 ...
301.65 127.88 AlignTech ALGN ... 11 263.14 +2.23 5.53 2.85 6.61 ... 247.14 125.38 Autodesk ADSK ... cc 232.74 –5.08 .96 3.78 5.35 ... 19.63 5.51 CabalettaBio CABA ... ... 10.92 +2.35 –4.07 –1.74 –2.27 ... 38.00 11.48 ComtechTel CMTL 2.6 31 15.18 –0.78 1.03 .10 .86 .10
14.49 ... AlimeraSciences ALIM ... dd 6.39 –0.79 –2.19 –1.82 –.20 ... 19.34 3.00 AutolusTherap AUTL ... dd 16.09 +2.53 –1.42 –2.85 –3.06 ... 169.13 85.26 CabotMicro CCMP 1.4 55 128.15 –10.76 1.35 6.74 6.88 .44 13.09 5.36 ConcertPharm CNCE ... dd 9.38 –1.39 –3.29 –3.03 –3.26 ...
25.35 11.98 Alkermes ALKS ... dd 18.80 +0.45 –1.25 .08 .47 ... 182.32 103.11 ADP ADP 2.5 25 144.72 –4.28 5.24 5.74 ... .91 95.29 51.39 CadenceDesign CDNS ... 26 93.84 +1.94 3.53 2.41 2.65 ... 9.93 1.54 Conduent CNDT ... dd 2.23 –0.30 –9.29 .20 .40 ...
139.99 30.32 Allakos ALLK ... dd 74.80 –4.91 –1.89 –2.56 –3.12 ... 13.49 1.82 AvadelPharm AVDL ... ... 7.95 –1.51 –.89 –.49 –.35 ... 14.74 3.22 CaesarsEnt CZR ... dd 11.75 –0.53 –1.77 –1.94 –1.27 ... 4.57 0.50 Conformis CFMS ... dd .81 –0.04 –.44 –.37 –.33 ...
38.95 20.88 AllegianceBcshs ABTX 1.7 11 23.31 –1.16 2.47 1.56 1.43 .10 19.04 7.10 AviatNetworks AVNW ... 34 17.96 +0.44 1.73 1.05 1.31 ... 17.85 7.65 Caesarstone CSTE .0 24 11.10 +0.24 .37 .08 .87 .15 4.60 2.00 Conifer CNFR ... dd 2.59 –0.58 –.88 –.35 .12 ...
183.26 60.06 AllegiantTravel ALGT .0 12 106.70 –2.64 14.26 –6.54 7.55 .70 10.79 4.67 AvidTechnology AVID ... cc 7.16 –0.02 .17 ... ... ... 46.65 30.74 Cal-MaineFoods CALM ... dd 43.30 +2.06 1.12 ... 1.45 ... 26.50 8.86 ConnectOneBncp CNOB 2.5 8 14.52 –0.33 2.07 1.84 1.89 .09
6.30 0.53 AllenaPharm ALNA ... dd 1.58 –0.12 –2.13 –.95 –.89 ... 35.00 25.50 AvidityBio RNA ... ... 26.62 –3.45 ... ... ... ... 12.32 3.70 CalAmp CAMP ... dd 8.37 +0.30 –2.36 ... .43 ... 27.57 2.83 Conn's CONN ... dd 10.25 +1.12 1.82 –1.85 1.09 ...
18.11 2.70 AllianceResource ARLP .0 dd 3.44 –0.08 3.07 1.15 1.04 .40 52.98 6.35 AvisBudget CAR ... 7 20.60 –4.98 3.98 –3.08 1.42 ... 99.71 48.31 CalavoGrowers CVGW 1.9 89 58.81 –1.94 2.08 ... 3.27 1.10 7.51 3.24 ConsldComm CNSL ... cc 6.08 +0.02 –.29 .54 .42 ...
60.28 37.66 AlliantEnergy LNT 3.2 19 47.05 –0.94 2.34 2.42 2.58 .38 46.41 17.85 Avnet AVT 3.2 dd 26.04 –0.89 1.59 ... ... .21 21.00 9.11 CaliforniaBncp CALB ... 21 14.34 –1.32 .86 1.30 .87 ... 18.83 12.00 ConsldWater CWCO 2.4 24 14.12 –0.35 .81 .54 .61 .085
49.98 19.00 AlliedMotionTech AMOT .4 19 32.37 –2.41 1.80 ... 1.49 .03 3.88 2.02 Aware AWRE ... dd 3.05 –0.23 –.39 .02 .03 ... 8.18 2.45 CalitheraBiosci CALA ... dd 5.28 –0.15 –1.90 ... ... ... 59.49 6.01 ConstellPharm CNST ... dd 29.10 –0.73 –3.04 –2.67 –2.92 ...
55.00 17.43 AllogeneTherap ALLO ... dd 42.96 +3.06 –1.83 ... ... ... 29.24 12.99 AxcelisTechs ACLS ... 42 27.16 –1.03 .50 1.13 1.63 ... 20.62 19.00 CalliditasTherap CALT ... dd 19.71 +0.54 –.19 ... ... ... 20.92 11.96 ConstructionPtrs ROAD ... 22 17.08 –0.42 .84 .66 .77 ...
13.05 6.44 Allot ALLT ... dd 10.55 +0.02 –.25 –.01 .12 ... 11.20 2.25 AxcellaHealth AXLA ... dd 5.08 –0.75 –3.55 ... ... ... 5.00 0.82 CalumetSpecialty CLMT ... dd 2.31 –0.40 –.55 –1.01 –.38 ... 4.30 1.00 ConsumerPtfo CPSS ... 5 2.93 +0.06 .22 .97 .74 ...
12.02 4.56 AllscriptsHlthcr MDRX ... dd 6.22 –0.90 –1.10 .59 ... ... 104.90 49.80 AxonEnterprise AAXN ... dd 96.06 +5.94 .01 1.18 1.38 ... 13.31 2.40 Calyxt CLXT ... dd 5.33 –0.07 –1.21 –1.25 –1.39 ... 104.88 55.69 Copart CPRT ... 28 79.62 –4.79 2.46 ... ... ...
158.37 69.11 AlnylamPharm ALNY ... dd 151.90 +1.19 –8.11 ... ... ... 43.37 15.25 AxonicsModul AXNX ... dd 32.96 –4.73 –2.80 –2.02 –1.13 ... 11.75 3.57 CambiumNtwks CMBM ... dd 6.88 –0.13 –.89 .24 .80 ... 40.95 20.94 Core-Mark CORE 2.0 18 23.82 –0.94 1.25 1.47 1.84 .12
14.50 5.82 Alpha&OmegaSem AOSL ... dd 9.89 –0.88 .08 ... ... ... 8.08 1.41 AxovantGene AXGT ... dd 2.90 –0.20 –2.93 –1.92 –1.95 ... 48.48 25.74 CamdenNational CAC 4.1 9 32.37 –0.64 3.69 3.22 2.68 .33 64.45 22.22 CornerstoneOnDem CSOD ... dd 38.12 –1.27 –.07 .91 1.65 ...
1530.74 1008.87 Alphabet A GOOGL ... 27 1362.54 –62.10 49.16 41.95 55.32 ... 109.94 13.64 AxsomeTherap AXSM ... dd 85.79 +6.23 –2.01 –2.72 –2.90 ... 14.24 6.27 Camtek CAMT .0 22 12.18 –0.13 .58 .59 .74 .17 73.84 19.35 Cortexyme CRTX ... dd 47.15 –4.00 –1.94 –2.55 –2.70 ...
1532.11 1013.54 Alphabet C GOOG ... 27 1359.90 –71.82 49.16 41.95 55.32 ... 16.50 10.00 AyalaPharm AYLA ... ... 10.00 –0.67 –2.07 –2.47 –2.19 ... 13.00 1.86 Canaan CAN ... dd 1.89 –0.01 ... ... ... ... 96.45 44.67 Corvel CRVL ... 28 70.74 +3.86 2.55 1.31 1.40 ...
7.93 2.19 Alphatec ATEC ... dd 4.40 –0.75 –1.09 –1.02 –.64 ... 25.35 12.00 CanadianSolar CSIQ ... 4 18.47 +0.41 2.88 2.12 3.05 ... 8.10 1.01 CorvusPharm CRVS ... dd 2.88 –0.10 –1.59 –1.15 –1.47 ...
15.00 2.05 AlpineImmune ALPN ... dd 8.98 –3.12 –2.28 ... ... ... 14.00 7.80 CanterburyPark CPHC .0 17 10.98 –0.18 .59 .41 ... .07 747.11
B
500.24 CoStar CSGP ... 84 691.07 –19.61 8.60 9.33 11.71 ...
43.28 23.04 AltairEngg ALTR ... dd 38.14 +0.30 ... .16 .28 ... 15.07 6.98 CapitalBancorp CBNK ... 8 9.40 –0.70 1.21 1.09 1.15 ... 325.26 261.67 Costco COST .9 35 296.56 –3.34 8.26 8.48 9.22 .70
11.20 1.51 Altimmune ALT ... dd 10.60 +3.20 –1.60 –1.81 –1.16 ... 30.95 15.61 CapitalCityBank CCBG 2.9 12 19.64 –0.19 1.83 1.21 1.94 .14 27.98 13.55 CountyBancorp ICBK 1.3 21 22.08 –0.43 2.36 .76 1.34 .07
23.58 6.00 AltisourcePortf ASPS ... dd 15.08 +3.38 –19.26 –.73 1.46 ... 5.72 1.51 BBQ Holdings BBQ ... 2 3.10 –0.32 –.07 ... –.09 ... 14.20 5.18 CapitalProduct CPLP 17.1 6 8.17 –0.60 –7.25 1.93 1.33 .35 279.08 99.01 CoupaSoftware COUP ... dd 275.70 +16.84 –1.45 .39 .63 ...
38.43 12.00 AltraIndlMotion AIMC .5 dd 30.46 –0.85 1.97 1.79 2.41 .04 14.96 8.34 BCB Bancorp BCBP 6.4 9 8.80 –0.19 1.20 .58 .77 .14 22.90 7.39 CapitalSouthwest CSWC 12.2 dd 13.36 –0.56 –1.24 ... ... .10 18.62 6.54 CovenantTranspt CVTI ... cc 13.18 +0.27 ... ... 1.16 ...
4.07 0.47 AltusMidstream ALTM ... dd .60 –0.10 –4.93 .10 .06 ... 2.73 0.52 BCommunications BCOM ... dd 2.31 –0.24 –5.55 4.68 3.98 ... 9.99 2.18 CapitalaFinance CPTA .0 dd 2.59 –0.13 –1.72 .05 .14 .0833 25.89 4.05 Covetrus CVET ... dd 17.80 +0.15 –9.50 .47 ... ...
20.00 7.90 AmalgamBank AMAL 2.5 9 12.57 +1.32 1.47 1.16 1.07 .08 11.85 5.45 BELLUS Health BLU ... dd 9.57 –0.85 –.55 ... ... ... 14.57 10.01 CapitolFedFin CFFN 3.2 20 10.52 –0.32 .68 .46 .54 .085 18.36 5.75 Cowen COWN 1.0 dd 15.49 +0.79 .57 1.80 ... .04
26.12 3.95 Amarin AMRN ... dd 6.70 –0.21 –.07 ... .46 ... 6.15 2.07 BGC Partners BGCP 1.5 cc 2.63 –0.07 ... .63 .67 .01 17.48 7.44 CapStarFin CSTR 1.8 11 11.05 –0.45 1.20 .89 1.03 .05 180.93 53.61 CrackerBarrel CBRL .0 cc 102.38 –9.63 9.27 ... 4.66 1.30
2796.00 1626.03 Amazon.com AMZN ... cc 2692.87 +17.86 23.01 28.17 ... ... 44.84 6.01 BJsRestaurants BJRI 2.7 14 19.55 –1.73 2.20 –2.72 2.14 .13 27.55 8.88 CaraTherap CARA ... dd 17.03 +0.41 –2.49 –2.61 ... ... 17.19 7.11 CraftBrewAlliance BREW ... dd 15.33 –0.10 –.66 ... ... ...
73.59 36.02 Ambarella AMBA ... dd 44.86 –4.04 –1.35 .05 .38 ... 31.67 13.38 BMC Stock BMCH ... 15 24.14 –0.94 1.63 1.27 1.64 ... 55.22 26.00 CardiovascularSys CSII ... dd 30.30 –4.15 –.01 –.80 –.28 ... 499.61 199.00 CreditAcceptance CACC ... 19 411.10 –9.77 34.57 11.65 20.58 ...
77.29 44.05 Amdocs DOX 2.2 17 60.82 +0.65 3.47 4.54 4.69 .3275 88.28 34.57 BOK Fin BOKF 3.9 8 52.47 –7.62 7.03 4.69 4.79 .51 107.50 24.35 Cardlytics CDLX ... dd 68.84 –5.65 –.72 –1.60 –.81 ... 64.95 27.77 Cree CREE ... dd 57.74 –2.77 –3.62 –.47 –.28 ...
218.44 115.41 Amedisys AMED ... 53 205.63 +7.05 3.84 4.51 5.78 ... 18.50 8.35 BRP Group BRP ... ... 18.30 +2.43 ... ... ... ... 47.41 15.71 Cardtronics CATM ... 21 22.33 –1.24 1.05 ... 1.87 ... 17.99 6.21 CrescentCapBDC CCAP 12.4 dd 13.25 +0.61 1.69 1.84 1.87 .41
23.59 10.05 AmerantBancorpA AMTB ... 15 14.09 –1.85 ... .31 .36 ... 56.89 12.97 BRP DOOO .0 40 38.79 –1.96 ... 1.12 2.26 .0762 41.27 13.04 CareDx CDNA ... dd 31.51 –0.66 –.52 –.52 –.08 ... 11.39 2.32 Cresud CRESY ... ... 3.15 –0.16 –9.84 .01 ... ...
17.50 8.01 AmerantBancorpB AMTBB ... 11 10.95 –0.05 ... ... ... ... 30.17 12.94 B RileyFin RILY 4.9 dd 20.28 –1.62 2.95 ... ... .25 24.65 7.16 CareTrustREIT CTRE 5.8 33 17.30 –0.92 .49 .77 .76 .25 26.67 10.63 CrineticsPharm CRNX ... dd 17.40 –5.83 –2.09 –2.58 –2.82 ...
426.50 222.34 Amerco UHAL .0 13 295.44 –14.54 22.55 3.92 ... .50 147.38 82.00 Baidu BIDU ... cc 121.80 –1.28 ... 45.95 60.24 ... 40.91 14.25 CarGurus CARG ... 63 23.62 –3.59 ... .43 .65 ... 20.77 5.89 Criteo CRTO ... 8 11.16 –1.31 1.41 .90 1.26 ...
8.18 3.76 AmerFirstMultifam ATAX 5.8 11 4.16 –0.09 .42 ... .61 .06 113.93 78.30 Balchem BCPC .6 35 87.34 –3.34 2.45 2.41 2.88 .52 34.98 15.21 Carlyle CG 4.7 dd 26.47 –3.38 2.82 ... ... .25 43.79 8.40 Crocs CROX ... 22 32.89 +0.38 1.66 .84 1.58 ...
34.99 8.25 AmerAirlines AAL .0 dd 12.38 –3.62 3.79 –8.68 2.18 .10 14.64 3.92 BallardPower BLDP ... dd 13.65 +0.21 –.17 –.18 –.11 ... 9.76 0.98 CarrolsRestr TAST ... dd 4.53 –0.29 –.74 –.20 –.18 ... 16.35 4.00 Cronos CRON ... 6 6.00 –0.42 3.76 ... ... ...
15.18 4.20 AmericanFin AFIN 11.2 dd 7.59 –0.80 –.03 –.13 –.09 .0708 63.96 26.00 BancFirst BANF 3.4 10 37.17 –2.58 4.05 ... 3.11 .32 24.25 6.44 CarterBk&Tr CARE .0 8 7.49 ... 1.01 .40 .30 .14 13.42 4.50 CrossCtyHlthcr CCRN ... dd 5.69 +0.10 –1.61 –.01 .20 ...
41.50 18.53 AmNtlBcsh AMNB 4.6 11 23.30 –0.27 1.98 2.25 1.96 .27 130.84 42.61 Bandwidth BAND ... dd 124.37 –0.45 ... .02 .20 ... 8.03 1.85 CasaSystems CASA ... dd 3.93 –0.53 –.57 .03 .23 ... 15.50 5.66 CrossFirstBkshs CFB ... 21 9.41 –0.74 .58 .49 .59 ...
126.97 63.93 AmericanNatlIns ANAT 4.8 13 68.72 –6.01 23.07 4.23 4.64 .82 31.76 14.20 BankOZK OZK 4.9 9 22.07 –2.56 3.30 1.53 2.26 .27 56.14 34.35 CasellaWaste CWST ... 70 49.59 +1.52 ... .52 .77 ... 108.34 31.95 CrowdStrike CRWD ... dd 98.79 –2.29 ... ... .18 ...
34.63 18.47 AmericanPubEdu APEI ... 39 28.29 –0.78 .62 .89 1.22 ... 12.31 5.68 BankofCommerce BOCH 2.8 10 7.14 –0.15 .83 .73 .66 .05 181.99 114.01 CaseysGenStores CASY .9 20 142.60 –13.10 7.10 5.80 6.86 .32 6.51 3.10 CumberlandPharm CPIX ... dd 3.29 –0.10 –.23 –.19 –.11 ...
16.43 8.00 AmRvrBksh AMRB 2.6 11 10.78 +0.28 .94 .95 .91 .07 32.25 17.51 BankofPrinceton BPRN 2.2 10 18.02 –1.71 1.47 1.48 1.38 .10 60.97 28.85 CassInfoSys CASS 2.9 18 36.62 –1.90 2.07 1.86 1.20 .27 19.18 3.00 CumulusMedia CMLS ... 2 4.29 –1.05 ... –1.90 .88 ...
21.48 9.05 AmerSoftware AMSWA 2.9 74 15.28 –1.77 .21 ... .35 .11 20.04 5.58 Bank7 BSVN 3.4 14 11.61 +1.34 .81 1.60 1.39 .10 44.53 15.26 CastleBiosci CSTL ... cc 35.09 –7.29 –.21 –.55 –.18 ... 3.59 0.62 Curis CRIS ... dd 1.17 –0.07 –.97 –.71 –1.23 ...
10.46 4.40 AmerSupercond AMSC ... dd 7.28 –0.57 –1.03 ... ... ... 14.29 6.73 BankFinancial BFIN 5.3 11 7.60 –0.31 .75 .55 .52 .10 8.19 2.74 CatabasisPharm CATB ... dd 7.05 –0.08 –2.35 –1.88 –1.55 ... 39.15 9.07 Cutera CUTR ... dd 11.60 –1.81 –.88 –2.20 –.63 ...
117.70 35.30 AmericanWoodmark AMWD ... 16 69.50 –1.10 4.42 3.92 5.68 ... 30.00 12.07 BankwellFin BWFG 3.5 9 15.80 +0.86 2.31 1.38 1.58 .14 38.91 17.58 CathayGenBncp CATY 5.1 8 24.47 –2.49 3.48 2.46 2.69 .31 148.74 69.51 CyberArkSoftware CYBR ... 72 95.15 –6.15 1.62 1.85 2.36 ...
129.70 35.18 AmerCarMart CRMT ... 11 81.22 –6.67 7.39 ... ... ... 60.21 27.12 Banner BANR 4.7 9 34.81 –3.26 ... 2.43 2.63 .41 236.10 99.58 CavcoIndustries CVCO ... 22 174.33 –10.42 8.10 5.24 7.56 ... 37.99 11.55 CyberOptics CYBE ... cc 32.21 –3.19 .11 .42 .60 ...
44.90 17.12 AmerisBancorp ABCB 2.8 9 21.28 –2.55 2.75 2.50 2.63 .15 56.47 22.19 Baozun BZUN ... 66 39.36 –1.16 ... 8.26 11.95 ... 9.84 3.53 CECO Env CECE ... 12 6.42 +0.07 .50 .40 .59 ... 14.83 1.69 CyclerionTherap CYCN ... dd 6.71 +1.41 –4.49 –2.01 –1.04 ...
4.30 2.36 AmeriServFin ASRV 3.3 9 3.00 –0.15 .35 .16 .22 .025 95.64 27.25 BarrettBus BBSI 2.4 8 50.91 +0.44 6.27 3.49 6.20 .30 21.97 7.32 Cellectis CLLS ... dd 18.10 +0.66 –2.41 –1.70 –2.49 ... 7.36 1.21 CymaBayTherap CBAY ... dd 3.76 –0.18 –1.53 –.93 –.99 ...
June 29, 2020 BARRON’S M19

Nasdaq Issues
- Earnings - - Earnings -
52-Week
High Low Name
Tick - Week’s - Last This Next Div
Sym Yld P/E Last Chg. Year Year Year Amt
52-Week
High Low Name
Tick - Week’s - Last This Next Div
Sym Yld P/E Last Chg. Year Year Year Amt
FIVE-DAY NASDAQ COMPOSITE
79.73 43.72 CyrusOne CONE 2.7 dd 73.82 –2.85 .36 .16 .19 .50 17.13 6.51 eXpWorld EXPI ... dd 16.93 +3.91 –.15 .21 .43 ...
25.23 7.73 Cytokinetics CYTK ... dd 23.77 +0.30 –2.11 –2.23 –2.34 ... 144.00 40.76 Expedia EXPE .0 dd 77.59 –4.47 ... –5.76 2.92 .34 Shots and Shocks: Among the few gainers were developers of vaccines or electric trucks,
15.44 3.60 CytomXTherap CTMX ... dd 8.20 –0.05 –2.26 –1.06 –2.81 ... 81.64 52.55 ExpeditorsIntl EXPD 1.4 22 73.54 –0.01 3.39 3.03 3.51 .52
82.82 57.81 Exponent EXPO 1.0 48 76.47 –1.25 1.53 1.40 1.72 .19 including Translate Bio and Workhorse Group. The once hot Chinese chain Luckin Coffee will
D 17.20
8.50
5.35
1.43
ExtendedStayAmer
ExtremeNetworks
STAY
EXTR
.4
...
40
dd
10.70
4.13
–1.15
–0.12
.37
–.22
.31
...
.66
...
.01
... be delisted. The Nasdaq Composite Index ended Friday at 9,757—down 1.9% for the week.
2.69 0.70 EyePointPharm EYPT ... dd .79 –0.10 –.54 –.33 .05 ...
13.49 2.02 DBV Tech DBVT ... dd 4.66 –0.71 –2.32 –2.56 –2.08 ... 10.20 3.41 Ezcorp EZPW ... dd 5.94 –0.14 ... ... .82 ... Monday Tuesday Wednesday Thursday Friday
6.04 0.71 DIRTT Envl DRTT ... dd 1.18 –0.15 –.05 –.19 –.06 ...
10250
F
44.48 17.09 DISH Network DISH ... 16 32.55 –2.90 ... ... 1.90 ...
66.76 20.15 DMC Global BOOM .0 18 27.30 –3.07 2.28 .15 ... .125
18.77 10.26 DSP Group DSPG ... dd 15.45 –0.73 –.05 .18 .41 ...
43.94 10.44 DXP Ents DXPE ... 10 18.23 –1.38 1.96 .81 1.21 ... 64.99 35.15 FARO Tech FARO ... dd 51.07 –1.23 –3.58 –.78 1.03 ...
25.06 14.60 DadaNexus DADA ... dd 24.94 +2.82 ... –2.81 –2.72 ... 153.99 79.78 F5Networks FFIV ... 25 140.12 +3.47 7.08 ... ... ... 10115
7.95 3.69 Daktronics DAKT 4.8 cc 4.20 –0.17 .01 .09 .18 .05 60.89 30.00 FRP Holdings FRPH ... 24 38.95 –0.99 1.63 .42 1.10 ...
93.00 27.55 Datadog DDOG ... dd 84.50 –2.29 –.12 .05 .07 ... 245.19 137.10 Facebook FB ... 30 216.08 –22.71 ... 7.30 ... ...
48.80 4.61 Dave&Buster's PLAY .0 36 12.32 –3.69 2.94 ... ... .16 129.04 5.66 FangddNetwork DUO ... dd 10.28 –0.42 ... ... ... ...
2.30 0.32 DAVIDsTEA DTEA ... dd 1.01 ... –.91 ... ... ... 35.55 16.19 Fanhua FANH 5.7 85 20.00 +0.42 .49 ... 9.33 .25
2.93 0.84 DawsonGeophys DWSN ... dd 1.65 +0.16 –.66 –1.06 –.49 ... 17.67 5.94 FarmerBros FARM ... dd 6.56 –2.07 –4.36 ... –.34 ... 9980
71.11 19.88 DecipheraPharm DCPH ... dd 57.14 –5.58 –4.48 –5.61 –5.24 ... 43.20 26.72 Fastenal FAST 2.4 29 40.99 –0.59 1.38 1.36 1.49 .25 (Prev Fri's
30.41 12.39 DenaliTherap DNLI ... dd 23.80 +0.19 –2.07 –2.40 –2.45 ... 37.24 12.59 FateTherap FATE ... dd 33.81 +2.09 –1.44 ... ... ... Close)
60.87 31.58 DentsplySirona XRAY .9 cc 43.12 –0.50 1.17 ... 2.25 .10 16.87 9.98 FedNat FNHC 3.5 19 10.18 –1.19 .08 1.37 2.42 .09
53.30 24.35 Descartes DSGX ... cc 50.69 –1.16 .45 .55 .71 ... 2.00 0.35 Ferroglobe GSM ... dd .50 –0.07 –1.66 ... –.34 ...
1.93 0.22 DestinationXL DXLG ... dd .66 +0.08 –.16 –.23 ... ... 48.95 22.65 FibroGen FGEN ... dd 40.40 +0.62 –.89 –1.85 ... ... 9845
3.09 2.02 Deswell DSWL 3.7 dd 2.43 –0.07 –.08 .58 .71 .09 70.00 30.50 FidelityD&D FDBC 2.4 16 47.27 +0.54 3.03 ... ... .28
428.59 138.28 DexCom DXCM ... cc 383.06 –26.30 1.10 2.10 3.07 ... 13.42 2.72 FiestaRestaurant FRGI ... dd 5.98 –0.37 –3.18 –.68 .16 ...
150.00 75.00 DiamondHillInvt DHIL .0 9 107.36 –3.29 15.99 5.58 8.01 9.00 31.64 11.10 FifthThirdBncp FITB 5.8 8 18.76 –2.03 3.33 1.16 2.16 .27 +110.35 +74.89 -222.20 +107.84 -259.78
111.84 14.55 DiamondbkEner FANG 3.6 dd 41.13 –5.60 1.47 2.08 2.54 .375 92.61 53.94 51job JOBS ... 40 68.58 –2.56 1.18 16.63 20.30 ... 9710
27.68 11.75 DicernaPharma DRNA ... dd 25.21 +1.17 –1.76 –.03 –.44 ... 33.28 12.78 FinInstitutions FISI 6.1 7 17.03 –0.61 2.96 1.38 1.79 .26 10 12 2 4pm 10 12 2 4pm 10 12 2 4pm 10 12 2 4pm 10 12 2 4pm
18.99 6.18 DigiIntl DGII ... 51 10.79 +0.48 .35 .19 .50 ... 18.34 7.54 FireEye FEYE ... dd 11.65 –1.20 –1.24 .05 .19 ...
51.35 9.92 Digimarc DMRC ... dd 15.36 –2.32 –2.79 –2.82 –2.62 ... 41.34 17.32 FirstBancorpNC FBNC 3.2 8 22.73 –0.48 3.10 1.95 1.76 .18
8.84 1.99 Digirad DRAD ... dd 2.39 –0.27 –2.56 –1.78 1.73 ... 30.64 17.62 FirstBancorp FNLC 5.6 9 21.30 +1.50 2.34 1.00 1.00 .30
22.50 11.43 DimeComBcshrs DCOM 4.4 14 12.60 –0.54 1.01 1.14 1.28 .14 35.88 15.27 FirstBancshares FBMS 1.9 8 20.97 –1.85 2.55 2.14 2.42 .10
59.70 31.51 Diodes DIOD ... 18 48.78 –0.76 2.96 2.16 2.67 ... 11.82 6.00 FirstBank FRBA 1.9 10 6.36 –0.37 .69 .81 .87 .03 - Earnings -
103.00 24.80 DiscoveryB DISCB ... 14 39.77 +0.37 ... 2.95 3.17 ... 28.00 11.00 FirstBusey BUSE 5.1 10 17.26 –1.00 1.87 1.49 1.40 .22
33.66 17.12 DiscoveryA DISCA ... 7 20.26 –1.89 ... 2.96 3.17 ... 27.35 12.86 FirstBusFinSvcs FBIZ 4.3 7 15.49 –0.17 2.68 1.75 1.72 .165 NOTICE TO READERS: 52-Week
High Low Name
Tick - Week’s - Last This Next Div
Sym Yld P/E Last Chg. Year Year Year Amt
31.20 15.43 DiscoveryC DISCK ... 6 18.51 –1.63 ... 2.95 3.17 ... 542.12 276.08 FirstCitizBcshA FCNCA .4 10 381.40 –20.41 ... 14.97 14.97 .40
9.91 2.00 DiversifiedHlthcr DHC 1.0 dd 4.20 +0.25 –.37 –.70 –.61 .01 34.15 18.06 FstCmntyBcsh FCBC 4.8 9 20.77 +0.31 2.46 2.19 2.20 .25 Sign up for the Weekly Market Lab Newsletter: 126.87 41.33 Hasbro HAS 3.9 22 70.61 –0.73 4.05 ... ... .68
2.09 0.51 DixieGroup DXYN ... 1 .85 –0.08 ... .10 .30 ... 22.91 9.01 1stConstBncp FCCY 3.3 7 11.01 –1.83 1.53 1.13 1.07 .09 31.34 7.55 HawaiianHoldings HA .0 16 13.52 –2.14 4.71 –4.19 2.38 .12
180.45 43.13 DocuSign DOCU ... dd 177.58 +16.16 –1.18 .50 .81 ... 26.19 10.83 FirstFinBncpOH FFBC 7.2 7 12.80 –0.85 2.00 1.26 1.21 .23 barrons.com/newsletters 47.94 26.82 Hawkins HWKN 2.2 16 41.43 +1.98 2.66 ... 2.91 .2325
3.28 0.78 Dogness DOGZ ... ... 1.42 –0.13 ... .05 .12 ... 36.45 20.70 FirstFinBkshs FFIN 1.9 23 26.87 –3.73 1.21 1.11 1.11 .13 26.68 12.93 HawthornBcsh HWBK 2.5 10 19.00 –0.38 2.47 .51 .86 .12
119.71 60.20 DollarTree DLTR ... 27 92.62 +3.82 3.47 ... 5.61 ... 46.93 27.62 FirstFinIN THFF 3.0 9 35.22 +0.23 3.80 2.91 2.29 .52 39.04 17.61 HaynesIntl HAYN 4.1 16 21.53 –1.17 .78 1.55 ... .22
35.64 7.62 Domo DOMO ... dd 30.90 +0.84 –4.57 –2.03 –1.48 ... 15.47 7.90 FirstFinNW FFNW 4.6 9 8.76 –0.50 1.03 .66 .61 .10 27.62 12.25 Headhunter HHR 3.1 49 23.54 +1.04 .45 39.52 64.95 .50
16.19 11.22 DonegalGroup A DGICA 4.5 14 13.41 –0.09 1.67 1.33 1.30 .15 17.64 8.01 FirstFoundation FFWM 1.8 12 15.39 –0.25 1.25 1.53 1.57 .07 Please visit the new Market Lab home page on 49.85 17.48 HealthCatalyst HCAT ... dd 28.61 –3.02 –12.86 –.81 –.60 ...
14.65 10.51 DonegalGroup B DGICB 4.7 13 11.30 –1.19 1.67 1.33 1.33 .1325 22.38 11.29 FirstGuarBcshs FGBI 5.1 8 12.67 +0.20 ... 1.46 1.69 .16
21.46 8.52 DorchesterMnls DMLP 16.0 9 11.56 +0.11 1.50 ... ... .4779 31.25 13.56 FirstHawaiian FHB 6.4 8 16.25 –1.70 2.13 1.10 1.38 .26 barrons.com under Data. 31.84
88.78
15.80
34.40
HealthcareSvcs
HealthEquity
HCSG
HQY
3.4
...
23
cc
23.73
57.86
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1.40
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1.62
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...
89.65 44.49 DormanProducts DORM ... 25 64.03 –3.20 2.56 2.51 3.13 ... 28.50 10.47 FirstInternetBncp INBK 1.4 7 16.76 +0.32 2.51 1.75 2.01 .06
11.88 6.11 DouYuIntl DOYU ... 94 11.16 +0.09 .02 ... ... ... 43.83 24.50 FirstInterBanc FIBK 4.7 11 28.98 –2.35 ... 2.40 2.35 .34 www.barrons.com/market-data/market-lab 29.78
22.71
20.03
15.65
HealthStream
HeartlandExp
HSTM
HTLD
...
.4
41
24
20.96
20.32
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.89
...
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...
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...
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44.79 9.76 DraftKings DKNG ... cc 33.34 –8.66 .09 –.68 –.56 ... 42.48 21.18 FirstMerchants FRME 4.1 8 25.64 –0.87 3.19 2.39 2.11 .26 51.85 25.26 HeartlandFinUSA HTLF 2.6 8 30.70 –0.96 4.14 2.76 2.96 .20
33.40 0.80 DraftKingsWt DKNGW ... ... 21.95 –8.60 ... ... ... ... 36.25 18.60 FirstMidBcshs FMBH 3.3 9 24.60 –1.27 2.87 2.37 2.40 .40 33.21 17.99 Heidrick&Strug HSII 2.8 9 21.13 +1.13 2.40 ... ... .15
26.20 14.55 Dropbox DBX ... dd 21.47 –1.83 –.13 .73 .88 ... 23.64 10.31 FirstMidwestBncp FMBI 4.6 8 12.22 –1.48 1.82 ... 1.05 .14 - Earnings - 198.59 104.02 HelenofTroy HELE ... 30 179.30 –1.09 6.02 8.49 9.59 ...
14.20 2.82 DuluthHoldings DLTH ... 21 7.29 +0.14 ... .34 .48 ... 18.25 8.77 FirstNWBncp FNWB 1.7 15 11.67 –1.82 .91 ... ... .05 52-Week Tick - Week’s - Last This Next Div 49.49 29.03 HeliosTechnologies HLIO 1.0 44 36.60 +1.02 1.88 ... ... .09
84.74 38.51 Dunkin' DNKN .0 21 62.14 –1.95 2.89 2.60 3.03 .4025 69.24 28.47 FirstSolar FSLR ... cc 48.76 –1.44 –1.09 ... 3.88 ... High Low Name Sym Yld P/E Last Chg. Year Year Year Amt 15.34 8.00 HemisphereMedia HMTV ... dd 9.30 +0.20 ... –.42 –.12 ...
53.42 26.07 1stSource SRCE 3.4 10 32.87 –2.84 3.57 2.38 ... .28 73.99 41.85 HenrySchein HSIC ... 16 56.67 –3.75 4.65 2.17 3.31 ...
E 24.99
18.98
11.00
10.75
FirstUnited
FirstWesternFin
FUNC
MYFW
3.6
... 15
9 14.59
14.19
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1.85
1.01
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1.42
–.07
1.07
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...
36.17
2.40
23.54
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GermanAmerBncp
Geron
GABC
GERN
2.6
...
14
dd
29.23
1.93
–1.08
...
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32.58
6.04
11.30
HeritageCommerce
HeritageCrystal
HTBK
HCCI
7.7
...
10
24
6.74
16.36
–0.73
–1.61
.84
.36
.55
.15
.64
.81
.13
...
106.80 60.04 FirstCash FCFS 1.7 18 65.21 –0.17 3.81 3.46 ... .27 56.58 30.60 GibraltarInds ROCK ... 21 44.99 –1.98 1.99 2.36 2.93 ... 30.15 14.65 HeritageFin HFWA 4.2 11 18.84 –0.52 1.83 1.40 1.03 .20
11.51 2.59 ECMOHO MOHO ... 45 2.77 +0.11 ... .59 .15 ... 9.45 2.72 FirsthandTechVal SVVC ... dd 4.41 +0.58 –8.99 .50 .75 ... 34.42 2.96 GIIIApparel GIII ... 6 11.67 –1.32 2.94 ... 2.36 ... 2.60 0.25 Hexindai HX ... dd .80 –0.19 1.47 –.04 .92 ...
5.39 1.46 EDAP TMS EDAP ... 43 2.52 –0.13 .06 ... ... ... 114.87 57.38 FirstService FSV .7 dd 96.36 –4.70 –6.58 2.29 3.24 .165 10.76 4.70 GilatSatellite GILT ... 9 6.14 –0.23 .66 .18 .19 ... 30.98 7.33 HibbettSports HIBB ... dd 20.39 +1.00 1.52 .70 2.03 ...
17.73 9.70 ESSA Bancorp ESSA 3.1 11 14.15 –0.45 1.18 1.16 1.15 .11 125.05 73.50 Fiserv FISV ... 52 94.92 –5.13 1.71 4.63 5.57 ... 85.97 60.89 GileadSciences GILD 3.6 19 74.57 –2.90 4.22 ... 6.42 .68 5.10 1.70 HimaxTechs HIMX ... dd 3.34 –0.11 –.08 –.02 .13 ...
57.30 25.76 E*TRADE ETFC 1.2 14 48.54 +0.11 3.85 2.75 ... .14 137.97 47.53 FiveBelow FIVE ... 59 103.56 –3.69 3.12 ... 3.63 ... 46.54 26.66 GlacierBancorp GBCI 3.5 15 33.34 –1.88 2.38 2.27 2.03 .29 216.82 125.55 HinghamSvg HIFS 1.1 11 159.05 –7.80 17.83 4.58 4.41 .43
31.93 10.12 EVO Payments EVOP ... dd 22.32 –1.52 –.31 ... ... ... 109.90 46.22 Five9 FIVN ... dd 107.72 +6.93 –.08 .74 .95 ... 10.69 4.04 GladstoneCap GLAD 11.0 dd 7.09 –0.26 .68 .83 .80 .065 19.67 9.52 HollysysAuto HOLI 1.6 8 13.18 –0.09 2.07 ... ... .21
4.95 2.00 EXFO EXFO ... dd 2.76 +0.03 –.04 –.13 .28 ... 6.97 1.75 FivePrimeTherap FPRX ... dd 6.82 +2.42 –3.92 ... –2.18 ... 23.98 7.59 GladstoneComm GOOD 8.2 dd 18.30 –0.25 –.16 –.13 –.10 .1252 55.96 26.49 Hologic HOLX ... 23 53.52 –1.64 –.76 2.63 2.96 ...
22.98 11.74 EagleBncpMT EBMT 2.3 8 16.74 –1.23 1.69 2.06 2.00 .095 14.00 5.36 Flex FLEX ... 58 9.93 –0.65 .17 1.04 1.29 ... 15.34 6.43 GladstoneInvt GAIN 8.2 dd 10.09 –0.62 –.22 ... ... .07 40.80 18.57 HomeBancorp HBCP 3.5 10 25.14 –0.17 3.05 2.06 2.10 .22
5.74 1.27 EagleBulkShip EGLE ... dd 2.14 –0.34 –.30 –.36 .03 ... 22.98 5.01 FlexionTherap FLXN ... dd 12.54 –0.16 –3.93 –2.82 –1.60 ... 16.25 9.61 GladstoneLand LAND 3.5 dd 15.31 +0.08 –.13 ... ... .0447 21.04 9.71 HomeBancShares HOMB 3.7 11 14.20 –1.52 1.73 1.11 1.39 .13
64.94 33.80 EaglePharm EGRX ... cc 46.74 +1.67 1.01 2.24 2.80 ... 21.31 7.81 Flexsteel FLXS 1.5 dd 13.01 +1.39 –4.13 3.27 3.28 .05 87.54 39.95 GlbBloodTherap GBT ... dd 65.56 –1.95 –4.57 ... –2.63 ... 35.44 18.44 HomeStreet HMST 2.6 16 22.73 –1.36 .65 1.52 2.04 .15
51.88 22.55 EastWestBncp EWBC 3.3 8 33.81 –4.41 4.61 3.58 3.53 .275 59.44 23.85 FlirSystems FLIR 1.7 43 39.07 –0.89 1.26 2.06 2.35 .17 34.65 21.75 GlobalIndemnity GBLI 4.4 59 22.97 +0.34 ... 2.25 2.50 .25 27.79 11.75 HomeTrustBcshs HTBI 1.9 10 14.59 –1.21 1.46 1.07 .58 .07
31.97 15.28 Eastern EML 2.5 8 17.80 +0.35 2.12 .91 .98 .11 6.12 1.02 Fluent FLNT ... dd 1.64 –0.44 –.02 .10 .15 ... 14.99 8.51 GlobalWaterRscs GWRS 2.9 cc 9.82 –0.39 .10 .10 .08 .0241 24.00 11.05 HomologyMed FIXX ... dd 15.57 +0.17 –2.47 –2.96 –2.77 ...
5.23 3.81 EbangIntl EBON ... ... 5.00 –0.23 ... ... ... ... 12.45 1.17 Fluidigm FLDM ... dd 3.70 –0.10 –.97 –.80 –.63 ... 10.72 3.98 GluMobile GLUU ... dd 9.49 +0.18 .06 .34 .45 ... 26.07 12.30 HookerFurniture HOFT 3.4 16 18.66 +0.50 1.44 1.35 1.97 .16
51.88 26.02 eBay EBAY 1.3 8 50.89 +2.60 2.09 3.39 3.74 .16 22.97 8.86 FlushingFin FFIC 7.8 9 10.82 –0.15 1.44 1.32 1.57 .21 13.44 1.82 GlycoMimetics GLYC ... dd 3.46 +0.48 –1.34 –1.39 –1.61 ... 15.51 7.06 HopeBancorp HOPE 6.6 7 8.50 –0.72 1.35 .88 .81 .14
51.93 8.75 Ebix EBIX 1.4 7 20.81 –2.63 3.16 2.98 4.03 .075 34.96 12.17 FocusFinPtrs FOCS ... cc 28.59 –1.54 –.28 2.78 3.11 ... 7.23 1.33 Gogo GOGO ... dd 2.74 –0.14 –1.81 –1.57 –.89 ... 19.48 7.42 HorizonBancorp HBNC 4.9 6 9.72 –0.57 1.53 1.59 1.11 .12
24.50 14.17 EchoGlobalLog ECHO ... 64 20.20 –1.25 .55 .79 1.20 ... 40.06 18.10 ForescoutTechs FSCT ... dd 21.84 +0.14 –2.58 –1.01 –.54 ... 12.11 1.30 GolarLNGPartners GMLP 3.2 ... 2.50 –0.26 .08 .72 .78 .0202 13.78 4.51 HorizonTechFin HRZN 11.1 10 10.81 –0.82 ... 1.15 1.24 .10
45.15 25.21 EchoStar SATS ... dd 27.19 –2.15 ... –1.03 –.46 ... 50.00 37.50 FormaTherap FMTX ... ... 45.00 +6.00 ... ... ... ... 18.99 4.54 GolarLNG GLNG ... dd 6.86 –1.22 –2.11 .21 .34 ... 57.34 22.69 HorizonTherap HZNP ... 19 55.08 +5.11 2.90 1.80 2.69 ...
36.78 14.01 EditasMedicine EDIT ... dd 28.92 –3.24 –2.68 –3.06 –3.06 ... 30.99 15.03 FormFactor FORM ... 43 27.22 –2.27 .51 1.09 1.23 ... 21.67 3.55 GoldenEnt GDEN ... dd 8.14 –1.68 –1.43 –5.30 –1.83 ... 6.85 1.03 HoughtonMifflin HMHC ... dd 1.79 –0.31 –1.72 –3.31 –.79 ...
8.91 3.02 EducDev EDUC 2.7 13 8.91 +0.85 .68 .19 .21 .06 91.89 36.75 FormulaSys FORTY .9 31 80.70 –8.30 2.57 2.40 3.34 .3245 6.92 2.52 GoldenOcean GOGL 8.6 dd 3.77 –0.30 .26 –.43 .28 .05 5.46 1.67 HoustonWire HWCC ... 46 2.19 –0.31 .15 .45 .55 ...
16.24 7.84 EHang EH ... dd 11.15 –0.65 ... .46 4.05 ... 50.51 22.45 ForresterResearch FORR ... cc 30.06 –1.69 –.52 1.00 1.66 ... 18.85 8.94 GolubCapital GBDC 10.2 dd 11.32 –0.29 –.29 1.18 1.07 .29 43.15 25.01 Huazhu HTHT ... 42 35.79 –1.61 .90 .83 ... ...
152.19 52.71 eHealth EHTH ... 31 91.28 –17.59 2.73 3.84 4.82 ... 15.42 3.45 Forterra FRTA ... cc 8.91 –1.00 –.11 .11 .32 ... 17.20 4.09 Goodyear GT .0 dd 8.07 –0.47 –1.33 .23 .47 .16 60.42 36.51 HubGroup HUBG ... 16 46.03 –1.22 ... 1.84 3.29 ...
66.56 28.00 EidosTherap EIDX ... dd 43.70 –4.88 –1.03 ... ... ... 149.69 70.20 Fortinet FTNT ... 63 134.55 –2.16 1.87 ... 3.27 ... 75.95 37.26 GooseheadIns GSHD ... cc 73.03 +0.74 .22 .41 .69 ... 2.45 0.32 HudsonCapital HUSN ... dd .64 –0.31 –2.80 ... ... ...
15.82 4.55 EigerBioPharma EIGR ... dd 9.68 –1.27 –3.08 –.58 –1.84 ... 72.09 39.59 ForwardAir FWRD 1.5 17 46.71 –1.80 3.04 1.27 2.44 .18 5.95 2.00 GoPro GPRO ... dd 4.55 +0.01 ... –.20 .32 ... 13.10 6.06 HudsonGlobal HSON ... 65 8.38 –0.72 –.30 .05 ... ...
47.25 14.00 89bio ETNB ... ... 21.25 –1.75 –24.49 –3.79 ... ... 14.12 2.69 Fossil FOSL ... dd 4.17 –0.97 –1.04 ... ... ... 27.15 7.52 GossamerBio GOSS ... dd 12.49 +0.28 –3.29 –3.51 –3.37 ... 14.80 4.83 HuizeHolding HUIZ ... dd 7.25 +0.10 ... ... ... ...
16.65 6.15 ElPolloLoco LOCO ... 19 14.12 –0.47 .67 .31 .67 ... 27.80 7.96 FosterLB FSTR ... 3 11.16 –1.13 4.00 –.40 1.85 ... 132.72 57.89 GrandCanyonEduc LOPE ... 17 89.85 –5.64 5.37 5.35 6.02 ... 122.39 75.29 JBHunt JBHT .9 26 119.30 +1.70 4.77 4.23 ... .27
167.75 110.00 ElbitSystems ESLT 1.0 25 137.26 –7.34 5.20 6.93 7.48 .35 39.74 19.81 FoxA FOXA 1.8 12 25.70 –2.62 ... ... 2.23 .23 8.93 2.25 GreatElmCap GECC 22.3 dd 4.47 +0.26 –.74 .90 .59 .083 15.63 6.82 HuntingtonBcshs HBAN 6.8 9 8.80 –1.49 1.27 .37 .90 .15
70.74 6.02 EldoradoResorts ERI ... dd 36.15 –5.86 1.03 –5.45 –.24 ... 38.84 19.13 FoxB FOX 1.8 12 25.75 –2.07 2.57 ... 2.23 .23 4.33 1.31 GreatElmCap GEC ... dd 2.45 ... –.11 –3.00 –1.20 ... 39.38 20.39 Hurco HURC 2.1 cc 24.80 –2.78 2.55 .84 1.17 .13
5.64 0.32 electroCore ECOR ... dd .83 –0.08 –1.54 ... ... ... 91.84 34.58 FoxFactory FOXF ... 37 79.55 +1.33 2.38 2.00 2.60 ... 11.96 6.75 GreatLakesDredge GLDD ... 8 8.52 –0.55 .76 .93 .87 ... 70.91 35.15 HuronConsulting HURN ... dd 42.27 +0.61 1.85 1.26 2.68 ...
133.60 85.69 ElectronicArts EA ... 13 130.93 +0.74 10.30 5.06 5.69 ... 21.95 1.70 Francesca's FRAN ... dd 3.92 +0.23 –8.63 .57 7.61 ... 64.48 32.23 GreatSouthernBncp GSBC 3.6 8 37.94 –1.15 5.14 4.63 2.72 .34 29.92 14.74 HutchisonChina HCM ... dd 25.99 +2.38 –.56 –1.18 –1.06 ...
10.01 1.44 EloxxPharm ELOX ... dd 2.98 –0.48 –1.34 –.96 –.92 ... 27.49 5.75 Franchise FRG 4.4 40 22.91 –1.74 –4.11 ... ... .25 16.49 3.77 GreenPlains GPRE ... dd 9.96 –0.56 –4.38 –2.83 –.84 ...
3.72 1.46 Emcore EMKR ... dd 3.20 –0.05 –1.29 –.33 –.09 ...
89.25 38.40 EnantaPharma ENTA ... 44 49.68 +0.52 2.21 –1.23 –2.19 ...
61.49
6.16
41.25
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FreightCarAmer
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RAIL
1.3
...
24
dd
48.91
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...
14.81
10.16
3.47
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Greenlane
GPP
GNLN
7.5
... dd
4 6.44
3.94
–0.50
+0.38
1.76
–.96
1.54
...
1.80
...
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40.16 15.27 EncoreCapital ECPG ... 9 32.45 –3.53 5.33 6.44 8.74 ... 12.43 5.95 FrequencyElec FEIM ... dd 8.51 –0.14 –.28 .70 .91 ... 11.26 5.00 GreenlightCapRe GLRE ... dd 6.25 –0.46 ... ... ... ...
62.08 38.01 EncoreWire WIRE .2 15 45.72 –0.97 2.77 3.07 3.05 .02 28.78 11.17 FrequencyTherap FREQ ... ... 22.95 +0.03 ... ... ... ... 13.17 3.05 GreenSky GSKY ... 13 4.96 –0.41 .49 .59 ... ... 310.43 124.60 IAC/InterActive IAC ... cc 304.91 +9.59 ... 3.64 7.78 ...
7.10 1.97 EndoIntl ENDP ... dd 3.45 –0.06 –1.87 2.28 2.30 ... 89.12 35.95 Freshpet FRPT ... dd 80.27 –4.79 –.04 ... .54 ... 3.19 0.24 Gridsum GSUM ... dd .71 –0.13 ... .66 5.12 ... 95.24 47.75 ICF Intl ICFI .9 18 60.18 –2.92 3.59 3.59 4.15 .14
7.74 0.60 Endologix ELGX ... dd .78 –0.08 –3.84 –2.77 –2.10 ... 53.30 30.06 frontdoor FTDR ... 25 44.52 –0.06 1.80 1.75 1.97 ... 57.45 28.67 GriffinIndlRealty GRIF .9 69 53.10 +0.44 .72 ... ... .50 259.72 148.89 ICU Medical ICUI ... 43 172.31 –6.45 4.69 6.17 7.78 ...
6.19 1.31 EnduranceIntl EIGI ... dd 3.90 –0.02 –.09 –.09 ... ... 1.49 0.30 FuelTech FTEK ... dd .75 –0.09 –.32 –.18 ... ... 25.73 13.40 Grifols GRFS ... 18 18.73 –0.75 ... 1.18 1.45 ... 19.97 2.95 IDEAYA Bio IDYA ... dd 14.42 –0.28 –3.36 ... ... ...
12.04 6.11 EnergyRecovery ERII ... 53 8.36 –0.48 .19 .30 .54 ... 3.42 0.17 FuelCell FCEL ... dd 2.09 –0.11 –1.82 –.39 –.27 ... 7.97 2.03 GrindrodShipping GRIN ... dd 2.93 +0.14 –2.29 ... .53 ... 331.01 168.65 IdexxLab IDXX ... 65 324.86 +10.19 4.89 4.96 6.00 ...
70.36 17.18 EnphaseEnergy ENPH ... 27 45.30 –1.42 1.23 ... 1.54 ... 22.96 4.37 FulcrumTherap FULC ... dd 21.97 +2.41 –8.13 –2.97 –2.78 ... 12.96 5.42 GritstoneOncology GRTS ... dd 6.82 +0.17 –2.81 –2.76 –3.14 ... 9.70 5.00 IEC Elec IEC ... 17 9.28 +0.29 .45 .71 .89 ...
58.92 24.06 EnsignGroup ENSG .5 18 39.02 –2.84 1.97 2.45 2.76 .05 20.60 5.30 FulgentGenetics FLGT ... dd 16.19 –0.61 –.02 ... .27 ... 47.57 28.11 GroceryOutlet GO ... cc 39.40 +4.38 .19 ... ... ... 27.78 13.73 IES Holdings IESC ... 13 21.77 +0.14 1.55 –1.52 –.65 ...
213.99 94.58 EnstarGroup ESGR ... cc 147.68 –9.90 ... 11.00 16.00 ... 18.00 8.91 FultonFin FULT 5.3 8 9.82 –0.90 1.35 .57 .95 .13 73.00 9.60 Groupon GRPN ... dd 18.69 –2.90 –.80 –5.12 –.56 ... 80.55 16.10 IGM Biosci IGMS ... ... 69.01 +3.55 ... –2.67 –3.11 ...
9.25 1.75 EntasisTherap ETTX ... dd 2.94 –0.04 –3.33 ... ... ... 27.89 3.12 Funko FNKO ... 32 5.49 –0.19 .36 .65 .73 ... 67.07 20.55 GrAeroportuario OMAB ... 11 36.50 –0.13 ... 44.37 84.36 ... 51.90 19.00 II-VI IIVI ... dd 48.32 –0.83 1.63 2.05 2.89 ...
64.90 35.00 Entegris ENTG .6 28 57.36 –2.71 1.87 2.00 2.38 .08 19.00 16.50 FusionPharm FUSN ... ... 17.00 +17.00 ... ... ... ... 34.16 20.02 GuarantyBcshrs GNTY 3.1 10 23.87 –1.38 2.25 1.81 1.77 .19 32.89 9.30 I-Mab IMAB ... ... 29.91 –1.06 ... –1.79 –2.00 ...
34.75 19.27 EnterpriseBncp EBTC 3.2 9 22.14 –1.01 2.89 .90 ... .175 25.54 8.16 Futu FUTU ... 87 24.31 +2.16 ... 3.20 5.47 ... 26.93 12.70 GuarFedBcsh GFED 3.8 7 15.85 –0.91 2.11 .77 .32 .15 57.98 28.01 INTL FCStone INTL ... 10 52.02 –0.78 4.39 3.08 3.69 ...
48.81 21.70 EnterpriseFinSvcs EFSC 2.6 8 27.87 –3.59 3.55 3.06 2.83 .18 112.22 55.90 GuardantHealth GH ... dd 80.65 +1.73 –.84 –1.40 –1.14 ... 170.03 98.04 IPG Photonics IPGP ... 52 155.22 –7.02 3.35 2.89 4.51 ...
G
27.82 9.74 Epizyme EPZM ... dd 15.51 –3.33 –1.93 –2.39 –2.09 ... 7.42 2.67 GulfIslandFab GIFI ... dd 3.09 +0.04 –3.24 –1.15 .80 ... 22.24 5.06 IRSA Prop IRCP ... ... 6.09 –0.10 –15.08 ... ... ...
99.63 42.53 ePlus PLUS ... 13 68.05 –1.69 5.15 ... 5.70 ... 6.02 2.25 Gulf Resources GURE ... dd 5.32 –0.48 –2.73 9.00 9.85 ... 37.85 13.01 i3Verticals IIIV ... dd 29.36 –0.71 –.29 .69 .98 ...
4.05 2.32 EpsilonEnergy EPSN ... 11 3.10 +0.25 .32 .29 .51 ... 5.13 0.35 GulfportEnergy GPOR ... dd .97 –0.43 –12.49 –.71 –.96 ... 8.97 0.91 IVERICbio ISEE ... dd 5.36 –1.24 –1.39 –.97 –.86 ...
7.45 2.20 Equillium EQ ... dd 2.88 +0.15 –1.47 ... ... ... 79.06 26.51 GCI LibertyA GLIBA ... 11 66.06 –2.32 ... –.65 –.38 ... 79.68 25.65 Iberiabank IBKC 4.3 7 42.38 –4.93 6.92 4.60 4.51 .47
718.33 477.87 Equinix EQIX 1.5 cc 686.54 –24.89 5.99 6.59 8.30 2.66 84.00 34.15 GDS Holdings GDS ... dd 81.92 +6.76 ... –.94 .52 ...
31.91 12.49 EquityBcshs EQBK ... 8 15.69 –1.54 1.61 1.37 1.69 ... 41.80 8.80 G1Therapeutics GTHX ... dd 23.96 +0.22 –3.27 –3.64 ... ... H 79.37
39.83
34.00
13.68
IcahnEnterprises
Ichor ICHR
IEP 17.0
...
dd
47
47.01
25.56
–1.59
+1.86
–5.38
.47
–7.65
1.94
–1.04
2.57
2.00
...
270.23 130.20 ErieIndemnity A ERIE 2.1 32 186.06 –0.47 6.06 5.39 6.03 .965 64.80 21.49 GRAVITY GRVY ... 16 58.44 –3.23 4.92 ... ... ... 5.99 2.73 iClickInteract ICLK ... dd 5.30 +0.02 ... –.01 .10 ...
12.00 3.50 ErytechPharma ERYP ... dd 8.91 –0.22 ... –3.07 –11.31 ... 9.00 4.75 GSI Tech GSIT ... dd 7.10 +0.33 –.45 ... –.33 ... 37.85 9.12 H&E Equipment HEES 6.3 18 17.46 –0.58 2.42 .36 2.57 .275 178.99 104.28 Icon ICLR ... 23 159.73 –1.89 6.85 6.42 7.84 ...
15.10 4.69 Escalade ESCA 3.3 24 14.93 +3.18 .50 .82 .96 .125 180.75 67.98 GWPharm GWPH ... cc 120.20 –9.51 –.24 –.14 ... ... 20.71 9.11 HBT Finl HBT 4.9 ... 12.36 –0.77 3.33 1.28 1.24 .15 2.75 0.51 IconixBrand ICON ... dd .93 –0.15 –10.56 –2.87 ... ...
76.98 24.82 EsperionTherap ESPR ... dd 45.90 +2.37 –3.59 –5.03 –7.12 ... 10.49 4.70 Gaia GAIA ... dd 7.82 –0.25 ... –.40 .01 ... 43.25 21.69 HD Supply HDS ... 13 33.06 –1.76 2.71 2.60 ... ... 19.69 4.31 iHeartMedia IHRT ... 0 9.02 –0.55 ... –.42 1.86 ...
9.07 2.50 EtonPharm ETON ... dd 6.06 +0.36 –1.03 –.89 –.60 ... 274.03 112.00 Galapagos GLPG ... 71 196.03 –11.33 2.91 –1.17 –2.09 ... 23.00 13.86 HMN Fin HMNF ... 9 14.01 –0.78 1.68 .78 3.10 ... 380.76 196.78 Illumina ILMN ... 57 360.08 –8.69 6.74 ... 7.68 ...
104.28 29.95 Etsy ETSY ... cc 102.54 +7.15 .76 .92 1.33 ... 19.50 5.58 GaleraTherap GRTX ... ... 8.50 –0.05 –16.31 –2.79 –2.41 ... 40.67 18.20 HMS Holdings HMSY ... 34 30.78 –0.32 .98 ... ... ... 62.71 13.40 Imara IMRA ... ... 34.23 –9.28 ... –3.77 –2.87 ...
171.25 61.27 EuronetWorldwide EEFT ... 16 90.72 –5.66 6.31 1.70 5.25 ... 7.70 2.60 GamidaCell GMDA ... dd 4.53 –0.49 –1.17 –1.38 –1.25 ... 14.37 5.80 Hookipa HOOK ... dd 10.58 –1.41 ... ... ... ... 8.66 4.23 Immersion IMMR ... dd 6.05 +0.07 –.64 .07 .43 ...
9.82 3.01 EveloBiosci EVLO ... dd 4.98 +1.25 –2.67 –2.57 –2.35 ... 50.99 13.04 Gaming&Leisure GLPI 1.4 19 34.10 –3.90 1.81 1.95 2.13 .12 18.90 9.50 HackettGroup HCKT 3.0 19 12.51 –1.08 .72 .59 1.02 .095 7.07 1.95 Immunogen IMGN ... dd 4.30 –0.02 –.70 –.70 –.76 ...
3.37 0.61 Ever-Glory EVK ... dd 1.25 +0.08 .09 ... ... ... 105.58 61.04 Garmin GRMN 2.6 19 94.86 –3.48 4.99 3.42 4.32 .61 75.43 31.85 HailiangEduc HLG ... ... 44.00 –2.80 1.67 2.00 2.30 ... 37.25 8.80 Immunomedics IMMU ... dd 35.37 –0.84 –1.84 ... ... ...
165.79 59.85 Everbridge EVBG ... dd 140.92 +10.80 –1.58 –.18 .08 ... 13.50 9.38 GencorIndustries GENC ... 38 11.06 –0.81 .69 .23 .27 ... 32.90 17.94 HainCelestial HAIN ... dd 30.62 –0.63 –1.76 .79 1.00 ... 29.96 8.34 Immunovant IMVT ... ... 27.37 +0.33 ... –1.16 –1.12 ...
62.78 12.31 EverQuote EVER ... dd 56.99 –3.88 ... –.20 –.02 ... 11.24 4.62 GeneralFin GFN ... 22 6.35 –0.03 –.38 ... ... ... 20.30 2.28 HallmarkFin HALL ... 2 2.82 –0.63 .57 .40 .60 ... 3.10 0.53 Immutep IMMP ... dd 1.08 +0.01 –.40 –.28 ... ...
7.83 1.75 EverspinTech MRAM ... dd 6.31 –0.29 –.85 –.09 .26 ... 24.90 19.59 GenerationBio GBIO ... ... 21.84 –0.07 ... ... ... ... 26.25 12.71 HalozymeTherap HALO ... dd 24.78 +0.34 –.50 ... 1.45 ... 40.24 11.47 Impinj PI ... dd 25.69 –2.36 –1.65 –.11 –.14 ...
1.83 0.75 Evogene EVGN ... dd 1.03 +0.03 –.70 ... ... ... 17.71 11.70 Genetron GTH ... ... 12.81 –3.19 ... ... ... ... 76.31 36.27 HamiltonLane HLNE 2.0 30 63.49 –1.11 2.15 1.84 2.37 .3125 54.86 39.55 InariMedical NARI ... cc 47.16 –1.01 ... –.37 –.37 ...
20.27 3.12 Evolus EOLS ... dd 5.56 +0.12 –3.19 –2.40 –.84 ... 22.48 5.15 Genfit GNFT ... dd 5.70 –0.26 –1.97 ... ... ... 44.42 14.32 HancockWhitney HWC 5.7 12 18.95 –3.70 3.72 .27 2.68 .27 110.25 62.48 Incyte INCY ... dd 101.43 –3.97 2.05 –1.46 3.03 ...
29.86 10.29 Exagen XGN ... dd 11.00 –2.00 –8.46 ... –1.19 ... 33.53 16.24 Genmab GMAB ... 87 31.99 +0.30 .38 1.08 .58 ... 22.60 7.15 HanmiFinancial HAFC 5.4 14 8.94 –0.61 1.06 .79 .91 .12 87.11 50.45 IndependentBank INDB 3.0 13 61.52 –6.20 5.03 3.31 3.72 .46
27.80 13.67 Exelixis EXEL ... 25 22.88 –1.30 1.02 .41 .84 ... 15.97 3.36 GenMarkDiagn GNMK ... dd 14.09 +1.00 –.82 –.44 –.28 ... 11.20 6.45 HarborOneBncp HONE ... 20 7.74 –0.82 .33 .21 .24 ... 23.93 9.19 IndepBankMI IBCP 5.9 7 13.51 –1.38 2.00 ... 1.47 .20
50.54 29.28 Exelon EXC 4.4 13 34.71 –2.82 3.01 ... 2.95 .3825 31.27 19.48 Gentex GNTX 1.9 16 25.20 –1.88 1.66 1.26 1.72 .12 8.57 4.44 Harmonic HLIT ... dd 4.51 –0.56 –.07 –.22 .16 ... 63.16 20.35 IndependentBank IBTX 2.7 8 37.35 –5.73 4.46 5.35 4.01 .25
79.78 40.61 ExlService EXLS ... 28 61.05 –0.88 1.95 2.37 3.17 ... 49.95 27.24 Gentherm THRM ... 30 36.88 –2.58 1.13 .97 2.73 ... 25.02 10.27 HarpoonTherap HARP ... dd 17.06 –1.04 –2.56 –1.59 –2.03 ... 24.18 12.95 IndLogistics ILPT 6.7 26 19.63 –0.92 .81 1.21 1.73 .33
9.90 3.55 ExOne XONE ... dd 8.25 –0.75 –.93 –.83 –.46 ... 17.66 4.61 GeospaceTech GEOS ... dd 6.59 –0.95 –.01 –1.54 –.79 ... 3.50 1.39 HarvardBioSci HBIO ... dd 2.87 –0.21 –.12 .09 .44 ... 8.35 2.80 Infinera INFN ... dd 5.96 –0.04 –2.16 –.43 .10 ...
M20 BARRON’S June 29, 2020

Nasdaq Issues
- Earnings - - Earnings - - Earnings - - Earnings -
52-Week Tick - Week’s - Last This Next Div 52-Week Tick - Week’s - Last This Next Div 52-Week Tick - Week’s - Last This Next Div 52-Week Tick - Week’s - Last This Next Div
High Low Name Sym Yld P/E Last Chg. Year Year Year Amt High Low Name Sym Yld P/E Last Chg. Year Year Year Amt High Low Name Sym Yld P/E Last Chg. Year Year Year Amt High Low Name Sym Yld P/E Last Chg. Year Year Year Amt
1.80 0.60 InfinityPharm INFI ... dd .92 +0.02 –.83 –.72 –.75 ... 28.89 13.54 LatticeSemi LSCC ... 86 27.53 –0.07 .33 .60 .75 ... 271.46 181.90 MesaLab MLAB .3 cc 208.55 –12.92 .31 3.08 4.33 .16 81.91 28.55 Nuvasive NUVA ... 45 51.57 –6.39 1.23 2.60 2.43 ...
9.70 2.17 InflaRx IFRX ... dd 4.70 –0.58 –2.29 –1.51 –1.44 ... 21.66 7.30 LaureateEduc LAUR ... 8 9.70 –0.46 ... 1.46 .78 ... 20.57 3.12 Mesoblast MESO ... dd 11.21 –2.49 –.91 –.65 –.17 ... 385.70 147.39 NVIDIA NVDA .2 68 366.20 –4.25 4.52 8.15 ... .16
3.76 1.61 InfoSvcsGrp III ... 35 2.05 +0.04 .07 ... .07 ... 58.28 24.52 LawsonProducts LAWS ... 18 30.05 –3.54 .77 2.82 2.19 ... 40.00 13.09 MetaFinancial CASH 1.2 5 16.95 –0.48 2.49 ... 2.31 .05
49.14
58.76
30.15
13.06
InglesMarkets
InMode
IMKTA
INMD
1.6
...
8
19
40.32
27.98
–0.48
–2.43
4.03
2.09
4.30
.71
4.70
1.58
.165
...
3.18
17.50
0.57
8.50
LeapTherap
LegacyHousing
LPTX
LEGH
...
...
dd
11
2.19
13.48
+0.20
+0.48
–1.47
1.18
–.97
1.22
–.68
1.32
...
...
46.49
19.07
9.00
8.31
Methanex
MetroCityBkshs
MEOH
MCBS
.8
3.3
29
...
18.05
13.42
–1.78
–2.12
1.15
1.81
–1.65
...
–.55
...
.0375
.11 O
8.24 3.30 InnatePharma IPHA ... dd 6.36 –0.09 –.35 –.35 –.19 ... 42.39 35.00 LegendBiotech LEGN ... ... 40.03 +0.41 ... ... ... ... 11.10 1.00 Michaels MIK ... 6 6.50 –0.34 1.78 1.04 1.45 ...
5.81 0.87 InnerWorkings INWK ... dd 1.26 –0.24 –.19 ... ... ... 38.64 18.76 LeMaitreVascular LMAT 1.6 28 24.25 +0.06 .88 .93 1.06 .095 113.28 53.15 MicrochipTech MCHP 1.5 45 100.05 –3.40 2.23 5.75 6.74 .3675 10.84 5.54 OP Bancorp OPBK 4.1 7 6.76 –0.01 1.03 .75 .76 .07
1.61 0.75 Innodata INOD ... dd 1.30 –0.07 –.06 –.07 –.05 ... 434.94 135.72 LendingTree TREE ... cc 270.28 –8.55 1.22 .72 2.80 ... 61.19 31.13 MicronTech MU ... 24 48.49 –2.34 5.51 2.50 ... ... 2.91 1.12 OPKO Health OPK ... dd 2.78 +0.40 –.53 –.32 –.12 ...
107.85 56.71 Innospec IOSP 1.5 15 70.27 –3.49 4.54 3.32 4.37 .52 26.69 13.45 LevelOneBncp LEVL 1.3 7 15.74 –1.40 2.05 2.93 1.55 .05 203.95 130.78 Microsoft MSFT 1.0 33 196.33 +1.18 5.06 5.69 ... .51 8.44 1.24 Orbcomm ORBC ... dd 3.65 –0.20 –.23 ... –.27 ...
7.11 1.20 InnovSolSuprt ISSC ... 37 4.95 –0.08 .11 .25 .11 ... 6.72 1.13 LexiconPharm LXRX ... 3 2.03 +0.08 1.16 –2.10 –.71 ... 165.00 90.00 MicroStrategy MSTR ... 28 116.00 –2.19 3.33 2.10 2.60 ... 454.31 251.52 OReillyAuto ORLY ... 23 415.47 –6.71 17.88 16.89 19.80 ...
15.62 7.58 Innoviva INVA ... 8 13.83 –0.19 1.43 1.77 1.20 ... 16.93 6.98 LexinFintech LX ... 15 10.51 –0.96 ... 10.08 16.57 ... 1.90 0.15 MicroVision MVIS ... dd 1.32 –0.17 –.24 ... –.02 ... 117.21 49.96 OSI Systems OSIS ... 17 70.13 –3.91 3.46 4.69 4.72 ...
76.89 31.21 Inogen INGN ... 55 34.74 +0.39 .94 –.11 .61 ... 138.47 80.14 LibertyBroadbandA LBRDA ... cc 121.10 –7.51 .38 1.47 2.46 ... 29.88 15.50 MidPennBancorp MPB 4.1 9 17.64 –0.93 2.09 2.30 1.76 .18 1.82 0.98 O2MicroIntl OIIM ... dd 1.66 +0.05 –.19 ... .12 ...
22.99 13.39 Inovalon INOV ... cc 18.60 –0.87 ... .60 .70 ... 140.00 86.20 LibertyBroadbandC LBRDK ... cc 123.30 –7.05 .38 1.62 2.66 ... 142.98 41.73 Middleby MIDD ... 11 72.98 –4.73 6.33 3.92 5.11 ... 5.65 2.33 OaktreeSpec OCSL 8.7 dd 4.37 –0.23 .89 ... ... .095
33.79 1.92 InovioPharma INO ... dd 29.98 +15.71 –1.21 –.70 1.28 ... 28.62 15.24 LibertyGlobal A LBTYA ... cc 20.92 –2.25 ... –.59 –.27 ... 72.41 48.79 MiddlesexWater MSEX 1.7 30 61.50 –6.04 2.01 2.09 2.21 .2562 22.36 2.80 OasisMidstream OMP 26.3 dd 7.93 –1.34 3.41 2.45 2.90 .54
15.15 3.61 Inseego INSG ... dd 10.86 –0.10 –.52 ... .31 ... 58.31 15.98 LibertyGlobal B LBTYB ... cc 21.83 –1.52 ... –.41 –.27 ... 29.50 12.49 MidlandStBncp MSBI 7.7 8 13.92 –0.72 2.26 1.43 1.67 .2675 10.50 0.62 ObalonTherap OBLN ... dd .69 –0.08 –5.03 –1.28 –1.24 ...
73.22 28.25 InsightEnt NSIT ... 11 46.42 –2.24 4.43 4.62 5.99 ... 27.84 14.36 LibertyGlobal C LBTYK ... cc 20.72 –2.01 ... –.58 –.27 ... 39.03 15.25 MidWestOneFin MOFG 4.7 9 18.56 –0.93 2.93 1.50 2.32 .22 11.59 1.63 ObsEva OBSV ... dd 5.71 –0.12 –2.49 –1.69 –1.45 ...
34.94 12.09 Insmed INSM ... dd 26.01 –2.91 –3.01 –2.82 –1.83 ... 19.91 8.21 LibertyLatAmA LILA ... dd 9.27 –0.93 ... –1.36 ... ... 27.95 1.69 MilestonePharm MIST ... dd 3.85 –0.50 –3.50 ... ... ... 26.09 11.60 OceanFirstFin OCFC 4.3 10 15.97 –0.77 1.75 1.69 1.73 .17
26.61 10.00 InsteelInds IIIN .7 63 17.23 +0.21 .29 .60 1.01 .03 19.95 8.02 LibertyLatAmC LILAK ... dd 9.00 –0.87 ... –1.32 ... ... 49.87 14.39 MillerHerman MLHR .0 7 24.80 +0.79 2.70 ... ... .21 9.24 2.46 OcularTherapeutix OCUL ... dd 8.21 –0.66 –1.91 –1.20 –.51 ...
228.79 115.56 Insulet PODD ... cc 187.20 –12.32 .19 .15 1.16 ... 46.52 16.87 LibertyFormOne A FWONA ... dd 28.55 –2.63 ... –1.89 –.28 ... 59.19 20.15 MillicomIntl TIGO 10.5 dd 25.17 –1.32 1.48 .31 ... 1.32 46.50 18.07 OdonateTherap ODT ... dd 39.98 –1.53 –4.05 –4.01 –3.25 ...
65.09 34.21 IntegraLifeSci IART ... cc 45.60 –3.72 .58 1.90 2.82 ... 48.95 18.31 LibertyFormOne C FWONK ... dd 30.85 –2.21 ... –1.92 –.26 ... 54.40 25.14 Mimecast MIME ... dd 40.18 –3.02 –.04 .65 .84 ... 2.99 1.23 OfficeDepot ODP .0 8 2.10 –0.20 .18 .29 .34 .025
69.29 43.63 Intel INTC 2.3 11 57.50 –2.12 4.71 4.79 4.86 .33 30.16 13.59 LibertyBraves A BATRA ... 23 18.64 –2.34 ... –1.62 –1.22 ... 2.64 1.45 Mind CTI MNDO 11.3 9 2.12 +0.05 .26 .21 .42 .24 35.95 16.50 OfficePropIncm OPI 8.7 cc 25.16 –1.89 .63 .20 –.10 .55
24.32 9.18 IntelliaTherap NTLA ... dd 20.51 –0.66 –2.11 –2.63 –2.92 ... 30.03 13.20 LibertyBraves C BATRK ... 23 18.25 –2.28 ... –1.62 –1.22 ... 15.22 1.81 MinervaNeurosci NERV ... dd 3.50 –0.03 –1.85 –1.07 –1.09 ... 41.50 20.38 OhioValleyBanc OVBC 4.0 10 21.22 –1.27 ... ... ... .21
10.54 1.91 Intellicheck IDN ... dd 7.50 +0.39 –.16 ... .33 ... 51.11 22.54 LibertySirius A LSXMA ... 16 32.14 –3.55 ... 1.93 2.16 ... 132.59 66.01 MiratiTherap MRTX ... dd 113.51 –1.14 –5.69 –8.58 –9.10 ... 206.09 88.66 Okta OKTA ... dd 203.49 +5.30 –1.78 –.20 –.03 ...
81.40 34.20 InterParfums IPAR .0 27 44.10 –2.71 1.90 .75 1.46 .33 50.89 24.49 LibertySirius B LSXMB ... 19 39.09 +1.53 ... ... ... ... 28.31 6.51 MirumPharm MIRM ... dd 20.18 +0.53 –4.58 –3.56 –4.56 ... 171.77 93.34 OldDomFreight ODFL .4 32 163.00 –5.21 5.11 4.62 5.75 .15
58.50 33.70 InteractiveBrkrs IBKR 1.0 20 40.23 –1.33 ... 1.74 1.67 .10 50.52 22.63 LibertySirius C LSXMK ... 16 32.13 –3.14 ... 1.67 1.81 ... 27.54 6.71 Misonix MSON ... dd 12.15 –1.29 –.79 ... –.56 ... 18.74 11.19 OldNatlBncp ONB 4.4 11 12.86 –0.91 1.38 1.16 1.13 .14
125.00 47.57 InterceptPharm ICPT ... dd 77.49 –0.42 –10.89 –11.61 –8.23 ... 134.00 2.10 LibertyTripAdvB LTRPB ... dd 41.25 –9.18 ... ... ... ... 4.42 0.70 MitchamIndustries MIND ... dd 1.60 –0.34 –1.10 –1.09 –.23 ... 13.77 5.96 Old2ndBcp OSBC .6 7 7.15 –0.47 1.30 .58 .70 .01
66.95 31.04 InterDigital IDCC 2.5 73 55.43 +1.14 .66 2.13 2.90 .35 12.77 0.86 LibertyTripAdvA LTRPA ... dd 1.96 –0.12 ... .22 ... ... 45.75 18.41 MobileMini MINI 3.7 20 32.52 –2.96 1.88 1.79 1.90 .303 105.20 28.83 Ollie'sBargain OLLI ... 48 98.48 –3.61 2.14 ... ... ...
17.68 5.06 Interface TILE .6 dd 7.24 –0.73 1.34 .94 1.35 .01 10.20 3.26 LifetimeBrands LCUT 2.3 dd 7.32 +1.50 –2.16 .38 .68 .0425 7.79 2.94 MobileIron MOBL ... dd 4.80 –0.01 –.44 –.13 –.07 ... 18.41 7.74 OlympicSteel ZEUS .7 52 10.79 +0.98 .34 –.70 .55 .02
44.00 15.60 IntlBcshs IBOC 3.7 10 29.75 –1.54 3.12 1.51 1.57 .55 3.74 1.43 LifewayFoods LWAY ... 84 2.45 +0.06 .03 ... –.13 ... 87.00 11.54 Moderna MRNA ... dd 61.28 –5.07 –1.55 –1.46 .75 ... 119.89 50.38 OmegaFlex OFLX 1.1 59 100.01 –6.90 1.71 .26 .33 .28
31.46 5.97 IntersectENT XENT ... dd 12.10 +0.04 –1.37 –1.78 –1.25 ... 124.97 57.24 LigandPharm LGND ... dd 112.84 –3.40 31.85 3.67 4.19 ... 39.88 9.51 MomentaPharm MNTA ... dd 37.03 –0.86 –2.92 –1.62 –1.83 ... 20.92 8.50 Omeros OMER ... dd 14.68 –0.72 –1.71 –1.99 –1.95 ...
7.68 3.17 Intevac IVAC ... 57 5.40 –0.35 .05 –.14 .58 ... 7.99 2.20 LimelightNetworks LLNW ... dd 7.37 +2.22 –.14 .06 .12 ... 40.87 16.76 Momo MOMO .0 8 16.79 –3.18 ... 13.87 18.97 .76 94.85 54.24 Omnicell OMCL ... 41 65.43 –3.86 1.43 2.35 3.03 ...
43.56 6.75 Intra-Cellular ITCI ... dd 25.91 +0.60 –2.68 –3.43 –2.59 ... 19.49 5.25 LiminalBioSci LMNL ... dd 11.06 +0.76 –9.65 ... ... ... 57.57 12.83 MonarchCasino MCRI ... 23 32.33 –3.41 1.70 ... ... ... 25.92 8.17 ON Semi ON ... 97 19.09 –0.30 .51 1.37 1.25 ...
24.68 9.84 Intricon IIN ... dd 13.45 +0.07 –.43 –.50 .33 ... 21.85 10.60 Limoneira LMNR 2.2 dd 13.53 +0.55 –.37 –.43 .25 .075 59.96 41.19 Mondelez MDLZ 2.3 20 50.08 –2.48 2.65 ... ... .285 26.81 11.15 1-800-FLOWERS FLWS ... 33 19.87 –1.44 .52 .90 .79 ...
306.89 187.68 Intuit INTU .7 57 286.52 +0.20 5.89 7.14 8.12 .53 4.44 1.51 LincolnEduc LINC ... 18 3.91 –0.14 .08 .24 .33 ... 6.70 1.15 MoneyGram MGI ... dd 3.25 –0.11 ... –.21 –.05 ... 2.30 1.04 180DegreeCap TURN ... 4 1.78 –0.08 ... .10 .25 ...
619.00 360.50 IntuitiveSurgical ISRG ... 47 549.85 –37.68 11.54 ... 12.68 ... 98.32 59.30 LincolnElectric LECO 2.4 18 81.05 –2.46 4.68 2.82 3.93 .49 243.92 93.81 MongoDB MDB ... dd 224.51 +18.57 ... –1.27 –.93 ... 42.00 15.00 1LifeHealthcare ONEM ... dd 31.90 –3.86 ... –1.22 –.58 ...
26.46 8.49 Investar ISTR 1.8 10 13.48 –1.09 1.66 1.03 1.20 .06 8.34 3.01 LiquiditySvcs LQDT ... dd 6.03 +0.19 –.58 –.49 –.02 ... 238.94 130.12 MonolithicPower MPWR .9 88 226.25 +4.41 2.38 4.09 5.20 .50 8.70 2.29 111 YI ... dd 6.78 –0.08 ... –2.17 –1.59 ...
7.70 1.38 InvestcpCredit ICMB 17.5 dd 3.43 –0.36 –1.07 .99 .92 .15 196.00 103.63 Littelfuse LFUS 1.2 32 166.26 +0.92 5.60 6.80 6.08 .48 87.92 37.09 Monro MNRO 1.6 32 53.60 –2.96 1.71 .94 2.02 .22 5.92 4.21 1347 Property PIH ... dd 4.42 –0.11 –.18 ... ... ...
12.74 6.31 InvestorsBancorp ISBC 6.1 11 7.88 –0.33 .74 .76 .86 .12 87.45 33.40 LivaNova LIVN ... dd 46.50 –2.74 –3.21 1.47 2.63 ... 73.43 50.06 MonsterBev MNST ... 33 67.90 –2.18 2.03 ... ... ... 25.00 3.41 OneWaterMarine ONEW ... 5 23.74 +1.11 ... 1.33 1.81 ...
182.52 96.45 InvestorsTitle ITIC 1.5 12 113.93 –5.26 16.59 1.36 2.11 .44 20.46 7.57 LiveOakBcshs LOB .9 69 13.23 –1.12 ... .11 .45 .03 166.59 102.59 Morningstar MORN .8 43 143.20 –8.34 3.52 3.18 3.54 .30 19.25 9.37 OpenLending LPRO ... cc 14.91 –0.45 .14 .52 1.09 ...
73.09 39.32 IonisPharma IONS ... 58 60.09 +1.14 2.08 –.08 .04 ... 45.21 14.08 LivePerson LPSN ... dd 41.50 +5.40 –1.53 –.38 –.15 ... 33.50 9.90 Morphic MORF ... dd 25.54 –1.59 –2.69 –1.93 –2.21 ... 47.85 29.12 OpenText OTEX 1.6 41 42.50 –0.22 1.06 ... ... .1746
41.49 17.67 IovanceBiotherap IOVA ... dd 27.47 –2.51 –1.59 –2.13 –2.13 ... 79.10 15.12 LivongoHealth LVGO ... dd 74.99 +4.56 –1.09 –.10 .13 ... 37.96 18.21 MorphoSys MOR ... 33 32.08 +1.63 –.91 .17 –.48 ... 14.94 4.60 Opera OPRA ... 29 8.30 +0.11 .52 .02 .58 ...
27.50 14.51 iQIYI IQ ... dd 22.72 –1.74 ... –11.26 –6.06 ... 15.25 4.02 Lizhi LIZI ... dd 5.28 –0.70 ... –.30 .61 ... 24.60 10.43 MotorcarParts MPAA ... dd 15.22 –0.63 –.39 1.50 1.91 ... 25.84 5.26 OportunFin OPRT ... dd 12.77 –1.82 .40 .56 1.98 ...
136.55 56.24 iRhythmTechs IRTC ... dd 109.59 –18.16 –2.16 –2.10 –1.13 ... 14.00 3.05 LogicBioTherap LOGC ... dd 8.09 +0.13 –1.78 ... ... ... 4.85 1.78 MustangBio MBIO ... dd 3.18 –0.05 ... ... ... ... 13.00 9.44 Optibase OBAS ... dd 11.76 +0.01 –.38 1.10 .70 ...
4.77 1.22 Iridex IRIX ... dd 1.95 –0.22 –.64 –.53 –.29 ... 63.60 31.37 LogitechIntl LOGI 1.2 24 62.76 +1.36 2.70 2.17 2.45 .7334 23.11 12.75 Mylan MYL ... cc 15.89 –0.27 .03 ... ... ... 4.31 2.05 OpticalCable OCC ... dd 2.49 –0.28 –.77 .21 .16 ...
32.08 16.87 IridiumComm IRDM ... dd 23.43 –2.27 –1.33 –.58 –.26 ... 86.63 62.02 LogMeIn LOGM 1.5 dd 84.75 –0.15 –.29 5.05 5.36 .325 126.30 42.65 MyoKardia MYOK ... dd 98.47 –1.55 –6.17 ... ... ... 11.66 3.28 OptiNose OPTN ... dd 6.37 +0.10 –2.63 –2.17 –1.31 ...
96.10 32.79 iRobot IRBT ... 53 82.23 +0.83 2.97 1.54 2.64 ... 3.42 0.36 LonestarRscs LONE ... dd .55 –0.07 –4.48 –.18 –.60 ... 48.40 9.24 MyriadGenetics MYGN ... dd 10.69 –1.30 .06 ... ... ... 18.21 5.74 OptionCare OPCH ... dd 12.79 –1.35 –.49 –.36 .10 ...
14.10 7.91 IronwoodPharm IRWD ... 19 10.05 +0.44 .14 .41 .58 ... 18.65 6.05 LoopIndustries LOOP ... dd 9.24 +0.17 –.38 –.42 –.39 ... 18.27 5.23 OraSureTechs OSUR ... 54 10.87 +0.93 .27 –.19 –.04 ...
7.65
88.32
1.33
40.48
IterumTherap
Itron
ITRM
ITRI
...
...
dd
42
1.53
62.05
+0.02
–6.42
–7.10
1.23
–2.93
1.37
–2.12
3.50
...
...
42.77
31.88
13.68
4.00
LoralSpace
Lovesac
LORL
LOVE
...
...
dd
dd
19.21
26.58
–0.13
+1.99
...
–1.07
7.96
–.91
7.76
–.11
...
... N 17.48
7.31
5.17
1.09
OrchardTherap
OrganiGram
ORTX
OGI
...
...
dd
dd
5.75
1.67
–1.07
–0.22
–1.76
.13
–1.67
–.06
–1.58
.06
...
...
31.28 11.01 IturanLocation ITRN .0 67 16.50 –0.43 .33 1.10 1.44 .24 51.38 1.16 LuckinCoffee LK ... dd 1.38 –2.44 –2.01 ... ... ... 40.67 24.26 OricPharm ORIC ... ... 34.89 +0.77 ... –1.58 –2.12 ...
324.76 128.85 lululemon LULU ... 66 289.53 –7.85 ... ... ... ... 34.75 13.33 Napco Security NSSC ... 28 22.61 –0.58 .66 .74 .94 ... 38.14 15.98 OriginBancorp OBNK 1.8 12 20.26 –0.98 2.28 1.14 1.21 .0925
J 93.23
40.21
48.44
17.35
Lumentum
Luminex
LITE
LMNX
...
1.2
52
dd
76.13
30.68
+1.72
+2.18
–.54
–.09
5.06
.15
5.44
.32
...
.09
41.50
3.77
26.32
0.31
NBT Bancorp
NCS Multistage
NBTB
NCSM
3.8
...
12
dd
28.74
.53
–1.59
–0.04
2.74
–.70
1.95
–.88
2.18
–.54
.27
...
55.17
51.48
22.11
28.19
OrthofixIntl
OrthoPediatrics
OFIX
KIDS
...
...
dd
dd
29.87
40.80
–3.62
–5.53
–1.51
–.94
–.25
–.98
.79
–.24
...
...
32.40 6.74 LumosPharma LUMO ... dd 16.99 +0.79 –10.35 –3.24 –3.36 ... 23.95 8.81 NGM Biopharm NGM ... dd 22.37 +0.46 –.85 ... ... ... 7.97 2.70 OsmoticaPharm OSMT ... dd 6.61 +0.33 –5.17 –.60 ... ...
1.46 0.30 JAKKS Pacific JAKK ... dd .85 +0.12 –2.16 ... –.26 ... 11.99 6.76 LutherBurbank LBC 2.4 12 9.65 +0.47 .87 .67 .90 .0575 198.99 110.59 NICE NICE ... 63 190.62 –4.28 3.00 5.63 6.26 ... 4.18 1.53 Otonomy OTIC ... dd 3.84 +0.41 –1.45 –1.40 –1.23 ...
196.84 105.67 J&JSnackFoods JJSF 1.9 28 118.17 –8.44 5.00 ... ... .575 68.33 14.56 Lyft LYFT ... dd 32.27 –2.55 ... –2.43 –.63 ... 25.94 15.49 NIC EGOV 1.6 30 22.41 –0.38 .75 .76 .92 .09 57.74 30.95 OtterTail OTTR 4.0 17 36.91 –1.27 2.17 2.31 2.49 .37
62.42 25.77 JD.com JD ... cc 59.65 +1.01 ... 9.16 14.05 ... 22.00 10.60 LyraTherap LYRA ... ... 10.91 –1.96 ... –1.73 –1.49 ... 35.79 8.06 NMI Holdings NMIH ... 5 14.84 –1.88 2.47 ... ... ... 29.09 2.47 Overstock OSTK ... dd 28.10 +3.39 –3.46 –.81 –.24 ...
99.35 41.33 Joyy YY ... 84 92.93 –4.30 ... 24.58 ... ... 10.15 1.35 NN NNBR .0 dd 4.14 –0.23 –1.13 –.29 .35 .07 9.40 1.74 OvidTherap OVID ... dd 7.71 +0.31 –1.54 –1.36 –1.28 ...
104.57 58.00 j2Global JCOM ... 19 69.07 –6.07 4.39 6.92 7.49 ...
195.03
93.12
123.64
16.81
JackHenry
JackintheBox
JKHY
JACK
1.0
.0
46
32
178.49
69.84
–2.80
–0.69
3.52
3.62
...
...
...
5.14
.43
.40
M 139.59
2.77
58.41
0.49
NXP Semi
NabrivaTherap
NXPI
NBRV
1.4
...
cc
dd
108.15
.70
–9.12
–0.13
.86
–1.12
4.67
–.69
6.80
–.47
.375
...
17.77
10.85
8.37
1.86
OxfordImmunotec
OxfordLane
OXFD
OXLC
...
44.6
dd
dd
13.08
3.63
–0.62
–0.05
–.07
...
–.60
1.45
–.16
1.28
...
.135
36.43 13.85 NanoStringTech NSTG ... dd 29.57 –3.19 –1.18 –2.48 –1.94 ... 6.76 2.04 OxfordSquare OXSQ 15.2 dd 2.77 +0.08 –.69 .47 .70 .035
52.18 25.34 JamesRiver JRVR 2.8 dd 43.52 +0.68 1.25 2.02 2.43 .30 34.86 14.76 Macom Tech MTSI ... dd 31.55 –1.65 –5.84 .68 1.00 ... 5.37 0.45 NantHealth NH ... dd 4.30 +0.80 –.57 ... ... ... 41.37 13.26 OysterPtPharma OYST ... ... 28.45 –3.57 ... –3.89 –4.90 ...
154.24 86.88 JazzPharma JAZZ ... 22 107.94 –6.03 9.09 11.69 ... ... 3.43 1.01 MDC Partners MDCA ... dd 2.05 +0.78 ... .77 .91 ... 13.11 1.01 NantKwest NK ... dd 9.95 +1.11 –.70 –.54 –.77 ...
21.65 6.61 JetBlue JBLU ... 13 10.30 –1.10 1.91 –3.69 1.39 ...
30.00 1.60 Jiayin JFIN ... 5 3.98 –0.98 ... ... 17.91 ...
83.26
69.90
47.19
21.64
MGE Energy
MGP Ingredients
MGEE
MGPI
2.3
1.4
24
16
62.03
35.34
–0.02
–0.64
2.51
2.27
2.49
2.25
2.68
2.36
.3525
.12
122.15
49.22
71.66
16.87
Nasdaq
Natera
NDAQ
NTRA
1.7
...
27
dd
115.82
45.90
–3.01
–0.57
4.63
–1.79
5.53
–2.15
...
–1.77
.49
... PQ
89.96 48.76 JohnsonOutdoors JOUT .8 16 86.14 +3.64 5.11 4.07 4.21 .17 122.30 66.87 MKS Instrum MKSI .7 30 108.59 –2.34 2.55 5.04 6.87 .20 82.18 39.01 Nathan's NATH 2.6 17 53.44 –7.50 3.19 1.23 1.42 .35
10.00 2.79 JounceTherap JNCE ... 6 7.58 +1.26 1.72 –2.52 –2.52 ... 18.51 9.96 MSB Fin MSBF .0 14 11.05 +0.10 .80 ... ... .104 65.50 35.71 NationalBeverage FIZZ ... 24 61.78 –2.32 3.00 2.60 2.58 ... 71.56 22.00 PAM Transport PTSI ... dd 31.99 +1.90 1.34 2.13 3.10 ...
9.09 3.25 MTBC MTBC ... dd 8.75 +0.60 –.60 ... –.62 ... 9.85 1.62 NatlCineMedia NCMI 9.4 7 2.99 –0.28 .46 ... .21 .07 8.32 3.75 P&FIndustries PFIN .0 4 4.94 –0.20 1.51 ... ... .05
K 63.31
38.14
13.15
16.33
MTS Systems
MYR Group
MTSC
MYRG
.0
...
14
12
16.00
29.47
–0.99
–0.21
2.21
2.26
1.05
...
1.79
2.85
.30
...
25.39
47.89
11.82
20.42
NatlGeneral
NatlInstruments
NGHC
NATI
1.0
2.8 18
7 20.53
37.39
–0.48
–1.38
2.73
1.22
...
1.26
3.12
1.12
.05
.26
17.75
56.33
7.31
30.10
PCB Bancorp
PCConnection
PCB
CNXN
4.1
.0 14
7 9.70
45.48
+0.47
+0.45
1.49
3.10
.81
2.95
.65
3.18
.10
.32
11.42 6.01 Macatawa MCBC 4.3 8 7.39 +0.09 .94 .66 .51 .08 71.35 34.00 NatlResearch NRC .0 38 52.54 –2.42 1.26 1.16 1.21 .21 9.65 3.95 PCTEL PCTI 3.4 35 6.50 –0.28 .21 .36 .47 .055
197.50 110.19 KLA KLAC 1.8 30 189.57 –3.53 7.49 ... ... .85 29.80 4.04 Macrogenics MGNX ... dd 27.99 –0.82 –3.16 –3.52 –1.93 ... 16.95 10.01 NatlSecurity NSEC 1.8 44 13.31 –2.00 1.61 ... ... .06 37.10 4.51 PDC Energy PDCE ... dd 11.48 –2.19 –.89 –7.95 ... ...
21.36 0.51 KLX Energy KLXE ... dd 2.19 –0.39 –4.32 –4.04 ... ... 5.25 2.46 MagalSec MAGS ... 21 3.00 –0.05 .07 .52 .75 ... 39.88 11.70 NationalVision EYE ... 94 28.80 –1.77 .40 –.18 .61 ... 19.42 8.61 PDF Solutions PDFS ... dd 18.67 –0.16 –.17 .18 .52 ...
11.64 6.36 KVH Inds KVHI ... dd 7.84 –0.34 1.90 –1.18 –.26 ... 81.04 30.60 MagellanHealth MGLN ... 23 69.10 –0.84 2.28 2.23 2.68 ... 298.00 120.55 NatlWesternLife NWLI .2 7 183.22 –22.86 37.22 ... ... .36 3.47 1.71 PDL Biopharm PDLI ... dd 2.80 –0.23 –.59 ... ... ...
117.06 54.54 KaiserAlum KALU 3.9 18 68.87 –4.99 3.83 2.48 4.98 .67 14.85 7.31 PDLCommBncp PDLB ... dd 10.37 –0.81 –.29 –.06 .06 ...
14.68 3.24 KalaPharm KALA ... dd 10.42 –3.23 –2.76 ... –1.36 ... 16.19 5.76 MagentaTherap MGTA ... dd 7.92 –1.77 –2.07 –2.16 –2.12 ... 12.31 4.75 NaturalAlt NAII ... dd 7.40 +0.50 .92 .18 ... ...
12.39 6.31 MagicSoftware MGIC 1.4 27 11.12 –0.72 .26 .67 .71 .08 34.89 18.91 NatusMedical NTUS ... 56 20.55 –0.34 –.47 .50 1.25 ... 11.70 6.41 PICO PICO ... 53 8.06 +0.27 .57 –1.70 .24 ...
12.46 2.82 KaleidoBiosci KLDO ... dd 7.79 +0.53 –3.36 ... ... ... 33.23 10.61 PPD PPD ... ... 26.30 –0.60 .19 1.01 1.30 ...
23.23 5.61 KalVistaPharm KALV ... dd 12.45 +1.52 –1.38 ... ... ... 12.87 8.26 MagyarBancorp MGYR ... 21 8.75 –0.15 .51 .19 .24 ... 15.67 4.07 Navient NAVI 9.2 5 6.98 –0.80 2.56 2.56 2.92 .16
9.91 4.40 Kamada KMDA ... 17 8.74 +0.02 .55 .38 –.04 ... 10.69 4.57 Majesco MJCO ... 35 7.50 +0.43 .21 .05 .14 ... 36.85 13.63 NektarTherap NKTR ... dd 22.05 –0.77 –2.52 –2.77 –2.41 ... 39.85 19.40 PRA Group PRAA ... 19 36.76 –1.71 1.89 2.40 3.64 ...
5.79 2.17 KandiTech KNDI ... dd 3.44 +0.31 –.14 .42 .56 ... 30.13 10.00 MakeMyTrip MMYT ... dd 14.52 –3.33 ... ... ... ... 79.83 48.91 Neogen NEOG ... 65 73.07 +2.55 1.15 ... ... ... 113.32 58.67 PRA HealthSci PRAH ... 26 94.18 –2.71 2.32 4.35 5.68 ...
152.00 11.24 KarunaTherap KRTX ... dd 108.39 +11.09 –3.68 –2.23 –3.33 ... 56.93 18.02 MalibuBoats MBUU ... 14 49.16 –1.98 3.15 ... ... ... 18.13 2.30 NeoleukinTherap NLTX ... dd 15.38 –1.56 –2.57 –.98 –1.14 ... 7.37 1.77 PRGX Global PRGX ... dd 4.42 +0.77 –.60 .19 .30 ...
29.61 5.42 KaryopharmTherap KPTI ... dd 18.42 –0.58 –3.22 –2.45 –1.39 ... 23.75 10.06 MalvernBancorp MLVF ... 11 12.07 +0.32 1.22 .75 1.05 ... 2.15 0.60 NeosTherap NEOS ... dd .70 –0.08 –.34 –.30 .02 ... 93.34 43.90 PTC PTC ... cc 75.53 –3.18 –.23 2.17 2.81 ...
14.40 7.29 KearnyFinancial KRNY 4.2 16 7.54 –0.55 .46 ... ... .08 7.91 0.56 MammothEnergy TUSK ... dd 1.25 –0.32 –1.76 –2.34 –1.35 ... 4.45 2.70 Net1UEPS UEPS ... dd 3.02 –0.28 –5.42 –.91 ... ... 59.89 30.79 PTC Therap PTCT ... dd 52.67 +1.64 –4.27 –5.23 –2.38 ...
28.91 10.13 KellyServices A KELYA .0 dd 14.88 –0.12 ... ... 2.00 .075 95.08 35.20 ManhattanAssoc MANH ... 68 91.04 +2.51 1.32 1.28 1.65 ... 65.38 34.66 NetApp NTAP 4.4 12 43.99 –0.09 3.52 3.31 4.02 .48 83.41 49.11 Paccar PCAR 1.8 12 72.44 –2.52 6.87 2.90 4.39 .32
29.43 10.35 KellyServices B KELYB .0 dd 14.75 –1.74 ... ... 2.11 .075 17.80 6.49 Mannatech MTEX 3.2 7 15.50 –0.90 1.35 13.50 15.50 .125 441.87 209.01 NetEase NTES 1.7 18 438.05 +24.84 23.84 126.45 ... 1.16 6.21 2.20 PacBiosciCA PACB ... dd 3.38 –0.13 –.55 –.58 –.61 ...
8.15 4.40 KY FirstFedBncp KFFB 6.1 53 6.51 –0.49 .10 .18 .21 .10 2.48 0.80 MannKind MNKD ... dd 1.73 –0.20 –.27 –.20 –.09 ... 474.01 252.28 Netflix NFLX ... 90 443.40 –10.32 4.13 6.46 8.69 ... 8.43 2.95 PacificMercBncp PMBC ... 32 3.26 –0.29 ... .13 .22 ...
42.26 19.10 KerosTherap KROS ... ... 38.63 +0.11 ... –4.23 –3.28 ... 93.99 55.25 ManTechIntl MANT 2.0 22 65.08 –2.08 2.83 2.69 3.05 .32 36.87 15.01 Netgear NTGR ... 92 24.27 –0.69 .81 1.40 2.45 ... 34.90 13.93 PacificPremBncp PPBI 5.1 8 19.66 –1.64 2.60 2.17 2.15 .25
19.85 6.96 KewauneeSci KEQU .0 dd 8.96 –0.79 .55 1.53 2.16 .19 4.98 1.10 Marchex MCHX ... dd 1.50 –0.10 –.09 –.21 –.02 ... 29.62 19.11 NetScout NTCT ... dd 24.72 –0.20 –.04 1.59 1.77 ... 51.35 27.46 PaciraBioSci PCRX ... dd 44.09 –0.95 –.27 1.75 3.19 ...
6.99 2.51 KeyTronic KTCC ... 14 5.26 +0.51 –.74 .80 1.20 ... 3.35 0.77 MarinSoftware MRIN ... dd 1.42 –0.20 –1.95 –2.31 –.43 ... 131.00 72.14 Neurocrine NBIX ... 71 130.36 +1.53 .39 ... ... ... 40.14 13.84 PacWestBancorp PACW 5.7 dd 17.49 –2.42 3.90 2.80 2.93 .25
9.79 2.18 KezarLifeSci KZR ... dd 5.41 –0.34 –1.84 ... –1.30 ... 4.83 0.77 MarinusPharma MRNS ... dd 2.62 –0.11 –.99 –.81 –.58 ... 13.31 1.25 Neuronetics STIM ... dd 2.10 +0.28 –1.58 –1.50 –.84 ... 87.14 23.47 Palomar PLMR ... 51 78.60 –4.60 .49 2.06 2.47 ...
42.64 20.60 Kforce KFRC 3.0 18 26.90 –0.85 5.50 1.60 2.07 .20 9.17 1.33 MarkerTherap MRKR ... dd 1.96 –0.10 –.47 –.65 –.83 ... 19.50 7.01 NewFortressEner NFE ... dd 12.15 –0.85 –1.62 –.28 .88 ... 30.59 10.61 PanAmerSilver PAAS .7 cc 28.53 +1.74 .55 .56 1.60 .05
18.49 9.78 KimballElec KE ... 12 12.61 –0.09 .62 .97 1.28 ... 527.13 275.50 MarketAxess MKTX .5 82 489.83 –30.45 5.40 ... ... .60 6.47 0.98 NY Mortgage NYMT 7.6 dd 2.62 –0.05 .64 –1.26 .40 .05 85.00 28.55 PapaJohn's PZZA 1.1 cc 79.02 –4.08 –.24 1.49 2.04 .225
22.40 8.19 KimballIntl B KBAL 3.3 9 10.88 –0.31 1.06 .76 .96 .09 25.44 4.66 MarlinBusSvcs MRLN 6.8 10 8.18 +0.07 2.20 2.60 1.44 .14 20.99 10.44 NewellBrands NWL 6.1 dd 15.05 –0.82 .25 1.03 1.47 .23 5.89 2.50 ParatekPharma PRTK ... dd 4.74 –0.11 –3.93 –1.86 –.59 ...
31.64 17.01 KingsoftCloud KC ... dd 27.21 +1.02 ... ... ... ... 153.39 46.56 Marriott MAR .0 29 80.94 –8.74 3.80 .91 3.70 .48 13.85 2.49 Newmark NMRK .9 8 4.47 –0.31 ... 1.26 1.43 .01 36.11 10.78 Park-Ohio PKOH .0 7 16.49 +0.67 3.12 ... 2.40 .125
25.61 5.01 KiniksaPharm KNSA ... dd 23.03 –1.42 ... –2.55 –2.70 ... 26.59 16.01 MartenTransport MRTN .7 22 24.51 –0.01 1.11 .97 1.15 .04 15.07 7.90 NewsCorp A NWSA 1.7 dd 11.48 –0.38 .26 .15 .19 .10 6.46 2.90 PartnerComms PTNR ... 91 4.11 –0.15 .03 .08 .15 ...
160.76 80.93 KinsaleCapital KNSL .2 65 145.21 –7.31 2.86 2.85 3.15 .09 7.26 0.91 MartinMidstream MMLP 15.2 dd 1.64 –0.86 –4.44 –.28 –.41 .0625 15.36 7.88 NewsCorp B NWS 1.7 dd 11.54 –0.34 .26 .15 ... .10 38.23 8.09 PassageBio PASG ... ... 28.41 –5.31 ... –3.23 –2.89 ...
3.70 0.56 Kirkland's KIRK ... dd 2.36 +0.33 –3.79 .18 .37 ... 36.92 16.45 MarvellTech MRVL .7 15 33.23 –0.75 2.34 .95 1.40 .06 23.99 7.59 NewtekBusSvcs NEWT 12.8 ... 17.84 +0.31 ... 2.30 2.28 .56 64.38 16.70 PatrickIndustries PATK 1.8 15 56.03 –3.99 3.85 2.25 ... .25
82.75 9.47 KodiakSciences KOD ... dd 52.96 –11.46 –1.25 –2.40 –4.24 ... 258.00 139.36 Masimo MASI ... 59 217.50 –8.53 3.44 3.33 ... ... 133.25 43.37 NexstarMedia NXST 2.8 11 79.57 –6.69 4.80 13.65 11.56 .56 15.45 3.83 PatriotNatBncp PNBK .0 dd 5.89 –1.56 –.72 1.37 1.43 .01
52.96 22.17 KornitDigital KRNT ... dd 49.02 –1.06 .27 .05 .84 ... 21.28 4.90 MasterCraftBoat MCFT ... dd 18.06 –0.54 2.12 ... ... ... 109.00 14.12 NextCure NXTC ... dd 21.19 –3.39 –2.15 –1.59 –2.58 ... 21.26 8.06 PatriotTransport PATI .0 dd 8.37 –0.33 1.54 ... ... 3.00
34.00 19.99 KraftHeinz KHC 5.2 20 30.90 –2.58 1.58 2.35 2.34 .40 101.97 44.74 MatchGroup MTCH ... 52 101.18 +5.45 ... 2.05 2.56 ... 20.68 5.10 NextGenHlthcr NXGN ... 89 10.19 –0.57 .11 .62 .76 ... 25.70 12.93 Patterson PDCO 4.6 dd 22.80 +3.43 –6.25 1.36 1.65 .26
25.08 5.00 KratosDefense KTOS ... cc 14.96 –1.24 .11 .12 .23 ... 28.99 10.65 Materialise MTLS ... dd 22.42 +0.81 .03 –.19 .06 ... 9.90 4.76 NicholasFin NICK ... 17 7.50 –0.45 .45 1.80 1.91 ... 12.15 1.61 PattersonUTIEn PTEN 2.2 dd 3.57 –0.77 –2.10 –2.32 –2.46 .02
66.85 31.89 KrystalBiotech KRYS ... dd 42.60 –1.62 –1.20 –2.13 –2.93 ... 24.36 7.11 MatrixService MTRX ... dd 9.26 –0.80 1.01 ... ... ... 93.99 9.92 Nikola NKLA ... cc 63.55 –2.35 .09 –.60 –.69 ... 90.54 47.87 Paychex PAYX 3.5 23 71.79 –2.18 2.86 2.99 2.77 .62
28.66 16.91 Kulicke&Soffa KLIC 2.4 39 20.20 –2.75 .18 .82 1.38 .12 14.83 6.53 Mattel MAT ... dd 9.37 –0.48 –.62 –.26 .24 ... 41.00 0.42 NikolaWt NKLAW ... ... 33.77 +4.98 ... ... ... ... 150.73 66.98 Paylocity PCTY ... cc 142.94 +0.74 .97 ... ... ...
21.42 6.35 KuraOncology KURA ... dd 16.92 –1.75 –1.51 –1.87 –2.02 ... 40.36 17.01 MatthewsIntl MATW 4.6 dd 18.15 –0.20 –1.21 ... ... .21 14.88 3.72 9F JFU ... dd 3.85 –4.56 ... ... ... ... 175.40 82.07 PayPal PYPL ... cc 170.87 +6.51 2.07 ... 4.13 ...
28.80 5.07 KuraSushiUSA KRUS ... cc 14.02 –1.99 .26 .29 –.20 ... 65.73 41.93 MaximIntProducts MXIM 3.2 20 59.20 –1.25 2.97 2.20 ... .48 19.99 5.33 NiuTech NIU ... 53 15.09 –0.91 ... 2.19 4.84 ... 31.72 11.15 PeapackGladFinl PGC 1.2 9 16.83 –1.25 2.44 1.37 1.88 .05
83.95 44.32 McGrathRent MGRC 3.3 13 51.33 –1.44 3.93 3.05 3.62 .42 26.48 9.04 nLIGHT LASR ... dd 21.14 –1.23 –.35 –.13 .11 ... 103.13 38.01 Pegasystems PEGA .1 dd 97.97 +3.38 –1.14 .06 .57 .03
7.40 1.29 MedallionFin MFIN ... dd 2.57 +0.38 –.07 ... 1.03 ... 27.31 2.73 NobleEnergy NBL .9 dd 9.11 –0.89 –3.16 –.80 –.53 .02 60.00 17.70 Peloton PTON ... dd 58.43 +7.54 –.86 –.57 –.40 ...
L 10.84 2.79 MediciNova MNOV ... dd 5.65 +0.23 –.30 –.41 –.38 ... 34.50 1.81 NobleMidstream NBLX 26.5 3 8.27 –1.95 3.08 2.43 2.03 .1875 40.14 3.75 PennNational PENN ... dd 30.65 –1.49 .37 –7.94 .21 ...
4.14 1.44 MediWound MDWD ... 11 2.68 –0.04 .18 –.42 –.22 ... 9.06 3.14 Noodles NDLS ... dd 5.64 –0.14 .04 –.42 .13 ... 37.12 0.99 PennVirginia PVAC ... 1 9.07 –2.27 4.67 5.19 –.51 ...
95.72 33.00 LGI Homes LGIH ... 10 81.47 –6.12 7.02 7.78 7.56 ... 109.09 58.72 Medpace MEDP ... 30 87.81 –2.15 2.67 ... ... ... 203.67 96.46 Nordson NDSN .8 31 180.37 –13.39 5.79 5.34 6.29 .38 35.99 6.15 Pennant PNTG ... cc 20.85 –2.73 .11 .56 .73 ...
174.45 100.00 LHC Group LHCG ... 54 171.93 +3.10 3.07 4.21 5.48 ... 30.23 8.82 MeiraGTx MGTX ... dd 12.47 –1.53 –1.65 ... ... ... 27.58 6.20 NortheastBank NBN .3 13 15.81 –0.24 ... 2.48 ... .01 6.86 1.76 PennantPark PNNT 14.5 dd 3.30 –0.14 .24 .63 .56 .12
36.63 13.31 LKQ LKQ ... 13 24.77 –1.16 1.74 2.05 2.50 ... 25.49 10.81 MelcoResorts MLCO .0 dd 15.15 –1.29 .78 –.58 .39 .1651 14.88 4.70 NorthernTechsIntl NTIC .0 25 7.95 –0.62 .55 .07 .45 .065 36.27 18.72 PennsWoodsBncp PWOD 5.7 11 22.49 +0.32 2.20 1.58 1.53 .32
99.60 32.01 LPL Financial LPLA 1.4 11 72.77 –8.06 6.62 5.97 5.95 .25 7.48 1.00 MenloTherap MNLO ... dd 1.75 –0.58 –3.09 –1.00 –.45 ... 110.48 60.67 NorthernTrust NTRS 3.7 11 76.20 –6.46 6.63 5.40 5.53 .70 17.22 9.37 People'sUtdFin PBCT 6.6 9 10.83 –1.14 1.27 ... ... .18
7.30 2.50 LSI Inds LYTS 3.2 19 6.27 –0.03 –.63 .02 .26 .05 998.11 422.22 MercadoLibre MELI ... dd 973.17 +20.21 –3.71 –1.02 ... ... 17.55 9.38 NorthfieldBanc NFBK 4.1 14 10.84 +0.20 .85 .77 .81 .11 39.28 17.91 PeoplesBncpOH PEBO 7.0 11 19.55 –1.51 2.63 2.05 1.91 .34
15.90 8.95 LakeShoreBancorp LSBK 3.8 19 12.56 –0.19 .68 .36 ... .12 37.32 18.64 MercantileBank MBWM 5.3 7 21.24 –0.66 3.01 1.73 2.60 .28 42.28 17.32 NorthrimBanCorp NRIM 5.4 10 24.59 +1.91 3.04 2.55 1.60 .34 34.32 13.30 PeoplesBncpNC PEBK 3.5 8 17.05 –1.53 2.36 .38 .57 .15
17.63 8.31 LakelandBcp LBAI 4.8 8 10.50 –0.43 1.38 ... 1.15 .125 15.84 6.42 MercerIntl MERC 3.4 dd 7.54 –1.15 –.15 –.41 .62 .065 17.74 8.52 NorthwestBcshs NWBI 8.0 11 9.47 –0.83 1.04 .55 .72 .19 53.88 29.01 PeoplesFinSvcs PFIS 4.0 11 36.08 –1.42 3.48 ... ... .36
50.00 30.49 LakelandFin LKFN 2.7 14 43.71 –1.00 3.38 2.83 2.38 .30 96.29 52.24 MercurySystems MRCY ... 60 78.47 +1.86 .96 2.15 ... ... 36.70 18.04 NorthwestPipe NWPX ... 8 22.75 –1.85 2.85 ... 2.21 ... 147.20 101.42 PepsiCo PEP 3.2 25 128.93 –2.35 5.20 5.76 6.22 1.0225
28.00 9.70 LakelandInd LAKE ... 15 22.44 +1.04 .41 2.02 1.06 ... 4.27 0.69 MereoBioPharma MREO ... dd 3.10 –0.30 –2.49 –1.18 –1.37 ... 28.70 15.12 NortonLifeLock NLOK 2.6 4 19.12 –1.69 6.05 1.15 1.46 .125 6.49 2.34 Perceptron PRCP ... dd 3.19 –0.09 –.71 –.13 .05 ...
344.32 178.92 LamResearch LRCX 1.5 22 302.52 –12.73 13.70 ... 17.71 1.15 10.28 7.72 MeridaMergerCorp.I MCMJ ... ... 9.80 +0.05 .03 ... ... ... 39.69 21.20 NorwoodFin NWFL 4.4 10 22.69 –0.91 2.25 1.29 1.25 .25 22.50 7.11 PerdoceoEduc PRDO ... 15 15.10 –0.60 .97 1.46 1.72 ...
96.82 30.89 LamarAdv LAMR 3.1 18 64.16 –10.21 ... 3.80 2.89 .50 20.86 8.88 MeridianBancorp EBSB 2.9 9 10.89 –0.28 1.30 1.03 .86 .08 51.23 24.81 NovaMeasuring NVMI ... 34 46.91 –1.18 1.26 1.79 2.34 ... 53.76 18.88 Perficient PRFT ... 28 34.00 –1.41 1.15 2.02 2.34 ...
168.21 114.55 LancasterColony LANC 1.9 29 147.02 –7.70 5.46 ... ... .70 22.05 5.51 MeridianBiosci VIVO ... 43 21.58 +2.81 .57 .74 .44 ... 3.72 0.22 Novan NOVN ... dd .47 ... –1.17 –.31 –.18 ... 1.44 0.54 PerformantFin PFMT ... dd .65 ... –.50 ... ... ...
12.46 7.53 Landec LNDC ... dd 9.62 –0.40 .01 ... .35 ... 20.89 10.68 Meridian MRBK ... 10 16.45 –0.45 1.63 1.69 1.59 ... 115.33 66.44 Novanta NOVT ... 88 99.94 –1.61 1.16 1.34 2.17 ... 9.70 2.87 PerionNetwork PERI ... 11 5.37 –0.24 .50 .26 .53 ...
27.78 14.95 LandmarkBncp LARK 3.5 9 23.18 –3.49 2.31 .96 .96 .20 60.50 19.50 MeritMedical MMSI ... dd 42.09 –0.10 .10 1.10 1.63 ... 86.50 3.54 Novavax NVAX ... dd 77.39 +12.64 –5.51 ... ... ... 10.14 4.51 Perma-PipeIntl PPIH ... 19 6.00 +0.33 .43 .66 .84 ...
18.45 7.05 LandmarkInfrPtrs LMRK 8.2 ... 9.76 +0.07 3.19 .46 .39 .20 7.09 1.49 MerrimackPharm MACK .0 dd 3.18 –0.31 –1.30 –4.94 –4.12 1.4967 98.84 53.40 Novocure NVCR ... cc 58.96 –4.41 –.07 .10 .34 ... 28.65 4.27 Personalis PSNL ... dd 12.74 +0.29 –1.39 ... ... ...
119.93 85.30 LandstarSystem LSTR .7 21 107.48 –3.24 5.72 3.94 5.02 .185 24.04 1.32 MersanaTherap MRSN ... dd 22.38 +2.39 –.65 –1.20 –1.14 ... 26.01 12.98 NuanceComms NUAN ... 49 25.39 +0.61 .74 .80 .92 ... 36.33 15.83 PetIQ PETQ ... dd 34.24 +2.56 –.51 1.17 1.89 ...
29.80 8.67 Lantheus LNTH ... 21 13.32 –1.51 .79 .74 1.38 ... 20.95 10.19 Merus MRUS ... dd 15.05 –1.60 –2.28 –2.16 –2.14 ... 11.14 3.81 NuCana NCNA ... dd 5.56 –0.32 –.84 ... ... ... 41.59 15.00 PetMedExpress PETS 3.1 28 36.38 +1.39 1.29 1.54 1.64 .28
20.28 7.43 LarimarTherap LRMR ... dd 13.00 –0.56 –1.22 ... ... ... 10.87 2.05 MesaAir MESA ... 4 3.41 –0.17 1.36 .32 ... ... 37.86 11.31 Nutanix NTNX ... dd 22.65 –0.56 ... –2.87 –2.19 ... 14.08 2.60 PhaseBioPharm PHAS ... dd 4.71 –0.38 –1.43 –2.15 –2.61 ...
June 29, 2020 BARRON’S M21

Nasdaq Issues
- Earnings - - Earnings - - Earnings - - Earnings -
52-Week Tick - Week’s - Last This Next Div 52-Week Tick - Week’s - Last This Next Div 52-Week Tick - Week’s - Last This Next Div 52-Week Tick - Week’s - Last This Next Div
High Low Name Sym Yld P/E Last Chg. Year Year Year Amt High Low Name Sym Yld P/E Last Chg. Year Year Year Amt High Low Name Sym Yld P/E Last Chg. Year Year Year Amt High Low Name Sym Yld P/E Last Chg. Year Year Year Amt
64.54 18.51 PhathomPharm PHAT ... ... 35.43 –11.14 ... –3.11 –2.83 ... 27.59 9.01 RocketPharm RCKT ... dd 21.11 +0.41 –1.58 –1.86 –1.90 ... 11.63 5.25 SparkEnergy SPKE 10.5 33 6.90 –0.22 .02 ... .17 .1813 6.86 1.63 TremontMortgage TRMT 1.3 4 3.04 –0.25 .77 .68 .60 .01
33.97 16.87 PhibroAnimal PAHC 1.9 28 25.32 +0.01 1.35 ... ... .12 3.85 1.31 RockwellMedical RMTI ... dd 1.79 –0.23 –.56 –.52 –.10 ... 22.80 8.82 SpartanNash SPTN 3.6 57 21.46 +3.43 .16 2.22 1.79 .1925 8.41 1.33 TreviTherap TRVI ... dd 6.05 +0.68 –2.28 –2.02 –1.89 ...
16.75 8.01 Photronics PLAB ... 22 10.63 –0.67 .44 .60 .86 ... 34.14 14.96 RockyBrands RCKY 2.9 10 19.49 –1.33 2.35 2.30 2.50 .14 10.57 1.74 SpectrumPharm SPPI ... dd 3.09 –0.16 –1.02 ... ... ... 13.86 4.91 TribunePub TPCO .0 dd 9.88 –0.02 –.85 .63 1.31 .25
33.67 15.75 PilgrimPride PPC ... 9 16.69 –1.38 1.83 1.56 ... ... 9.53 3.77 RockyMtnChoc RMCF .0 25 4.04 –0.59 .17 .86 .91 .12 14.48 5.25 SperoTherap SPRO ... dd 13.16 –0.25 –3.35 –4.11 –3.61 ... 44.30 18.02 Tricida TCDA ... dd 25.75 –1.35 –3.72 –5.19 –3.74 ...
89.25 19.11 Pinduoduo PDD ... dd 85.16 –2.42 ... –5.60 ... ... 176.55 58.22 Roku ROKU ... dd 122.55 –5.95 ... –1.70 –1.32 ... 23.48 8.96 SpiritofTexas STXB ... 9 11.58 –1.06 1.40 1.00 .91 ... 41.42 23.05 TriCoBancshares TCBK 3.2 10 27.81 –0.08 3.00 2.23 2.93 .22
65.00 27.80 PinnacleFinPtrs PNFP 1.6 9 39.23 –4.51 5.22 4.72 5.22 .16 124.16 56.30 RossStores ROST .0 32 83.75 –9.56 4.60 ... ... .285 197.70 93.92 Splunk SPLK ... dd 196.80 +9.64 –2.22 –.30 .99 ... 33.07 18.05 TriMas TRS ... 11 22.69 –0.26 2.16 1.25 1.40 ...
4.49 0.40 PintecTech PT ... ... 1.20 –0.29 ... ... ... ... 139.63 59.78 RoyalGold RGLD 1.0 44 117.50 +2.49 1.43 ... ... .28 15.57 8.53 SpokHoldings SPOK 5.5 dd 9.04 –0.29 –.56 1.00 1.00 .125 46.67 20.01 Trimble TRMB ... 21 42.37 –0.63 2.03 ... ... ...
5.23 2.06 Pixelworks PXLW ... dd 3.19 –0.18 –.24 –.30 ... ... 56.50 42.00 RoyaltyPharma RPRX ... ... 49.59 +0.59 –1.04 –5.24 –8.52 ... 14.67 3.50 SportsmansWrhs SPWH ... 25 13.92 +1.44 .46 .80 .84 ... 2.66 0.56 TrinityBiotech TRIB ... dd 2.21 +0.16 –553.10 .12 .24 ...
8.59 1.30 PlayaHotels PLYA ... dd 3.51 –0.11 –.03 –1.07 –.33 ... 13.11 4.09 RubiconProject RUBI ... dd 6.22 –0.96 –1.23 –.34 –.17 ... 49.79 17.02 SpringWorks SWTX ... ... 37.95 –6.97 ... –1.63 –2.07 ... 40.91 20.10 Trip.com TCOM ... dd 26.01 +0.01 1.79 –4.09 8.98 ...
86.53 35.16 Plexus PLXS ... 19 66.90 +1.95 3.50 ... ... ... 16.16 3.35 RubiusTherap RUBY ... dd 5.93 –0.54 –2.08 –1.95 –1.74 ... 26.84 13.00 SproutsFarmersMkt SFM ... 16 24.72 +2.41 1.25 ... ... ... 47.65 13.73 TripAdvisor TRIP .0 31 18.03 –0.14 ... –.79 .73 3.50
31.99 21.05 PliantTherap PLRX ... ... 31.72 +3.71 ... ... ... ... 9.60 2.49 RuhnnHolding RUHN ... dd 3.20 +0.12 ... ... ... ... 61.73 23.20 StaarSurgical STAA ... cc 59.04 +8.44 .30 .29 ... ... 26.43 7.59 TriStateCapital TSC ... 8 14.49 –0.52 1.89 1.07 1.58 ...
32.40 6.59 Pluralsight PS ... dd 17.50 –0.21 –1.19 –.38 ... ... 49.27 27.25 RushEnt A RUSHA 1.3 12 39.20 +1.04 ... 1.01 2.14 .13 221.73 42.92 Stamps.com STMP ... 55 185.81 +10.23 3.33 4.82 5.14 ... 43.15 19.03 TriumphBancorp TBK ... 15 22.89 –0.45 2.25 2.27 2.66 ...
19.00 15.06 PolyPid PYPD ... ... 19.00 +3.00 –3.46 ... ... ... 48.50 21.65 RushEnt B RUSHB 1.6 10 32.90 +1.40 ... 1.01 2.14 .13 12.09 3.86 StarBulkCarriers SBLK 2.1 dd 6.48 –0.84 –.17 ... 1.37 .05 5.38 1.30 trivago TRVG ... dd 1.93 –0.17 ... ... .02 ...
273.45 160.35 Pool POOL .9 41 260.94 –5.66 6.40 6.12 7.18 .58 25.78 2.32 RuthsHospitality RUTH .0 9 7.85 –0.56 1.44 –.63 .56 .15 99.72 50.02 Starbucks SBUX 2.3 25 71.57 –3.83 2.92 .89 2.62 .41 5.59 1.98 TrueCar TRUE ... dd 2.52 –0.38 –.52 –.14 –.25 ...
61.46 23.69 Popular BPOP 4.5 6 35.20 –3.49 6.88 3.70 ... .40 96.79 44.44 Ryanair RYAAY ... 20 65.30 –5.67 3.24 –3.43 5.19 ... 36.45 16.71 StateAutoFin STFC 2.3 dd 17.34 +0.08 1.96 ... ... .10 43.50 20.84 Trupanion TRUP ... dd 41.79 +3.52 –.05 ... ... ...
2.50 0.75 PortmanRidge PTMN 23.5 dd 1.02 –0.22 –.33 .19 .18 .06 14.41 0.90 StealthBioTher MITO ... dd 1.90 –0.07 –2.28 ... ... ... 9.10 4.30 TrustcoBank TRST 4.6 10 5.90 –0.16 .60 .51 .55 .0681
31.73
6.00
5.31
1.50
PortolaPharm
Potbelly
PTLA
PBPB
...
...
dd
dd
17.97
2.15
+0.06
–0.23
–4.06
–1.01
–2.78
–.05
–2.19
–.46
...
... S 4.18
1.95
1.51
0.40
StealthGas
SteelConnect
GASS
STCN
...
...
32
dd
2.58
.62
–0.07
–0.05
.05
–1.13
.15
.60
.63
1.10
...
...
36.04
3.45
20.26
0.73
Trustmark
Tuniu
TRMK
TOUR
4.0
...
11
dd
22.78
1.19
–1.79
+0.09
2.32
...
1.44
–5.10
1.54
...
.23
...
45.42 22.40 PotlatchDelt PCH 4.5 75 35.63 –2.67 .82 .29 .90 .40 35.78 14.98 SteelDynamics STLD 3.9 8 25.42 –1.75 3.04 1.87 2.17 .25 72.03 31.30 TurningPtTherap TPTX ... dd 63.16 –2.40 –2.99 –4.21 –4.06 ...
50.81 15.62 PowellIndustries POWL 3.8 14 27.12 +0.20 .85 1.36 1.48 .26 41.54 18.97 S&T Bancorp STBA 5.2 9 21.66 –1.31 2.82 1.80 2.11 .28 67.94 38.45 Stericycle SRCL ... dd 54.73 –2.05 –3.81 2.74 2.26 ... 16.04 4.05 TurtleBeach HEAR ... 22 14.69 +0.24 1.04 ... .60 ...
122.45 76.77 PowerIntegrations POWI .7 17 116.49 –1.99 6.49 2.80 3.35 .21 323.02 205.20 SBA Comm SBAC .6 dd 294.19 –8.11 1.28 .10 2.72 .465 17.49 6.72 SterlingCnstr STRL ... 6 9.68 –0.85 1.47 ... ... ... 24.68 6.31 21 Vianet VNET ... dd 24.56 +6.23 ... –.77 .06 ...
8.50 2.55 PowerFleet PWFL ... dd 4.70 –0.21 –.59 –.14 .24 ... 25.24 10.96 SBOneBancorp SBBX 1.9 8 17.58 +0.11 2.40 2.23 2.10 .085 44.80 16.38 StevenMadden SHOO .0 22 22.83 +0.42 1.69 .56 1.54 .15 15.48 4.84 TwinDisc TWIN ... dd 5.33 –0.13 .83 –2.58 –.74 ...
8.70 1.26 Precigen PGEN ... dd 4.96 –0.03 –2.09 –.71 –.54 ... 1.44 0.50 SCYNEXIS SCYX ... dd .73 –0.09 –.96 –.42 –.33 ... 32.34 10.90 StitchFix SFIX ... dd 23.01 –1.16 .36 ... ... ... 45.00 18.52 TwistBiosci TWST ... dd 40.74 +1.53 –3.92 –3.72 –2.04 ...
23.67 4.60 PrecisionBio DTIL ... dd 7.88 –0.56 –2.21 –2.35 –2.10 ... 69.61 35.41 SEI Investments SEIC 1.3 16 52.90 –2.79 3.24 2.76 3.09 .35 42.60 22.98 StockYardsBncp SYBT 2.7 14 39.41 +1.80 2.89 ... ... .27 40.55 11.37 2U TWOU ... dd 37.74 +2.26 –3.83 –1.17 –.82 ...
64.50 20.04 PreferredBankLA PFBC 3.1 8 39.03 –1.95 5.16 ... ... .30 23.10 7.20 SI-BONE SIBN ... dd 14.77 –2.44 –1.55 ... ... ... 39.04 15.82 StokeTherap STOK ... dd 23.65 +0.48 –1.80 ... ... ...
.20
76.60
20.38
36.16
8.21
PreformedLine
PremierFinBncp
PLPC
PFBI
1.7
4.8
10
8
47.23
12.40
–2.69
+0.10
4.58
1.64
6.24
.87
6.73
.67 .15
6.32
46.85
3.96
26.04
SIGA Tech
Sina
SIGA
SINA
...
...
dd
dd
6.02
35.11
+0.11
–0.79
–.15
–1.01
.90
2.50
.82
3.20
...
...
46.69
30.60
17.72
12.18
StoneCo
Stratasys
STNE
SSYS
...
...
56
dd
37.94
15.22
–0.20
–1.26
...
–.20
2.95
...
4.88
.30
...
... U
32.39 10.98 PremierFinl PFC 5.5 13 16.03 –2.09 2.48 1.92 2.06 .22 12.32 5.60 SLM SLM 1.8 4 6.67 –0.99 1.30 1.29 1.51 .03 189.79 108.90 StrategicEd STRA 1.6 31 147.78 +1.85 3.67 7.44 8.17 .60
40.14 27.11 Premier PINC ... dd 32.56 –2.30 –.15 2.75 2.92 ... 39.08 16.42 SMART Global SGH ... dd 24.95 –1.02 2.24 2.51 ... ... 25.94 11.74 Strattec STRT .0 22 16.39 –3.43 –4.63 2.43 ... .14 58.10 29.17 UFP Inds UFPI .5 15 45.72 –1.96 2.91 2.49 3.04 .125
19.96 7.41 PrevailTherap PRVL ... dd 14.59 –1.96 –2.22 –2.30 –2.19 ... 4.19 1.32 SMTC SMTX ... dd 3.15 ... –.23 .24 .37 ... 33.40 12.00 StratusProp STRS ... dd 16.75 –1.35 –.30 –1.54 –1.59 ... 70.26 39.47 UMB Fin UMBF 2.6 13 47.11 –5.60 4.96 2.47 3.45 .31
79.90 41.15 PriceSmart PSMT 1.2 22 58.62 +1.59 2.40 2.37 2.61 .35 4.00 0.55 SPI Energy SPI ... ... 1.03 +0.06 –1.70 .30 .70 ... 4.63 1.43 StrongbridgeBio SBBP ... dd 4.08 –0.32 –.91 –.83 –.35 ... 10.47 2.36 USA Truck USAK ... dd 7.00 –0.04 –.55 –.24 .66 ...
23.73 9.42 PrimorisSvcs PRIM 1.5 11 16.39 –0.79 1.61 ... 1.61 .06 47.33 14.44 SP Plus SP ... dd 18.90 –1.95 2.20 1.49 2.32 ... 27.83 13.48 SummitFin SMMF 4.7 6 14.51 –0.54 2.53 1.72 2.05 .17 9.58 1.01 USAutoPartsNtwk PRTS ... dd 8.64 –0.07 –.89 –.11 –.04 ...
60.81 23.31 PrincipalFin PFG 5.7 9 39.14 –3.03 4.96 4.90 5.68 .56 76.85 31.28 SPS Commerce SPSC ... 74 74.77 +2.09 .94 1.35 1.51 ... 13.21 6.50 SummitStateBk SSBI 5.2 8 9.25 –0.22 1.07 .67 .56 .12 56.22 6.75 US Concrete USCR ... 27 23.46 –2.63 .91 .17 3.07 ...
75.65 25.35 PrincipiaBio PRNB ... dd 56.46 –4.13 –2.09 ... ... ... 66.74 29.51 SS&C Tech SSNC .9 31 54.26 –4.37 1.66 3.90 4.21 .125 5.49 1.13 SummitTherap SMMT ... dd 3.15 –0.40 –.83 –.09 –.15 ... 67.24 24.94 US Ecology ECOL .0 dd 31.67 –3.15 1.40 .67 1.19 .18
20.63 12.32 ProfessionalHldg PFHD ... cc 13.41 –0.77 ... .90 .85 ... 22.50 9.00 SSR Mining SSRM ... 33 20.10 +1.19 .47 1.37 2.01 ... 23.78 1.00 SundanceEnergy SNDE ... ... 2.69 –0.20 –5.76 –2.99 –3.18 ... 104.00 60.99 US Lime&Min USLM .8 18 83.58 +2.96 4.64 1.83 2.25 .16
15.92 9.54 Progenity PROG ... dd 9.98 –3.14 ... ... ... ... 270.95 127.39 SVB Fin SIVB ... 11 203.86 –17.98 21.73 12.72 14.87 ... 13.22 0.37 SundialGrowers SNDL ... dd .80 –0.07 –2.39 –.51 –.22 ... 24.77 15.55 uCloudlink UCL ... 83 16.43 +0.03 ... ... ... ...
52.50 28.09 ProgressSoftware PRGS 1.8 37 37.60 +0.70 .58 2.78 2.89 .165 24.03 9.35 SVMK SVMK ... dd 23.16 +0.36 –.56 –.61 –.48 ... 5.45 1.30 SunOpta STKL ... dd 4.68 –0.04 –.10 –.16 –.10 ... 368.83 124.05 UltaBeauty ULTA ... 25 189.99 –22.20 12.15 4.73 ... ...
36.50 13.29 Progyny PGNY ... dd 24.69 +0.81 –.41 .21 .57 ... 24.95 5.55 SabraHealthcare SBRA 8.6 15 13.96 –0.50 .37 .65 ... .30 16.04 4.03 SunPower SPWR ... 11 7.21 –0.07 .15 –.45 .17 ... 30.00 11.20 UltraClean UCTT ... dd 21.88 –0.27 –.24 1.68 1.89 ...
133.58 83.81 Proofpoint PFPT ... dd 109.49 –0.39 –2.33 ... ... ... 25.44 3.30 Sabre SABR .0 dd 7.57 –0.56 .57 –1.82 –.29 .14 23.66 7.84 SunRun RUN ... cc 18.58 –1.32 .21 .01 .60 ... 79.67 31.99 UltragenyxPharm RARE ... dd 76.58 –1.64 –7.12 –6.54 –4.33 ...
10.98 4.46 ProQR Therap PRQR ... dd 6.10 –0.35 –1.54 –1.31 –1.41 ... 103.96 65.45 SafetyInsurance SAFT 4.9 17 74.00 –1.24 6.46 6.25 4.50 .90 33.30 15.76 SuperMicroComp SMCI ... 16 28.12 –4.19 1.39 ... ... ... 10.00 4.85 Ultralife ULBI ... 18 6.66 –0.67 .32 .16 .20 ...
6.76 3.68 ProspectCapital PSEC 14.2 ... 5.07 –0.28 ... ... ... .06 31.95 21.00 SagaComm SGA .0 12 26.80 +0.79 ... 2.21 2.42 .32 18.45 6.10 SuperiorGroup SGC 2.8 17 14.23 +3.28 .79 .95 1.16 .10 18.94 8.88 Umpqua UMPQ 8.5 dd 9.93 –1.43 1.60 .62 1.14 .21
19.67 4.47 ProtagonistTherap PTGX ... dd 18.54 +1.10 –2.98 –2.60 ... ... 193.56 25.01 SageTherap SAGE ... dd 41.83 +1.40 –13.38 –9.68 –8.86 ... 34.11 13.12 SupernusPharms SUPN ... 11 23.24 –0.47 2.10 1.51 1.73 ... 38.79 16.50 UnionBankshares UNB 7.2 8 17.71 –0.14 ... 2.63 3.20 .32
21.46 10.95 ProtectiveInsA PTVCA 2.4 dd 16.90 –1.09 ... .75 1.25 .10 119.29 61.13 Saia SAIA ... 23 103.90 –3.88 4.30 ... 5.91 ... 7.66 1.15 SurfaceOncol SURF ... dd 5.86 +1.16 –1.97 –.83 –1.89 ... 78.53 36.20 uniQure QURE ... dd 46.48 –20.30 –3.11 –1.60 –2.79 ...
18.35 10.23 ProtectiveInsB PTVCB 2.8 dd 14.23 –0.21 ... .75 1.25 .10 2.62 0.65 SalemMedia SALM .0 dd 1.15 –0.50 ... –2.26 –.11 .025 19.74 4.00 SurgeryPartners SGRY ... dd 10.47 –1.59 –2.29 –1.62 –.35 ... 96.03 17.80 UnitedAirlines UAL ... 9 32.89 –3.95 11.58 ... ... ...
4.72 0.61 ProteostasisTher PTI ... dd 1.41 –0.09 –1.16 –.92 ... ... 179.45 102.13 SandersonFarms SAFM 1.1 dd 115.24 –7.27 2.41 10.91 ... .32 49.00 22.06 Surmodics SRDX ... 83 40.13 –2.45 .55 ... ... ... 24.54 12.60 UnitedBancshares UBOH 1.6 6 18.00 +0.60 3.25 ... ... .07
17.63 6.71 Prothena PRTA ... dd 10.12 +0.21 –1.95 –2.11 –2.09 ... 38.45 18.00 SandySpringBncp SASR 5.4 8 22.35 –3.35 3.25 2.36 2.60 .30 12.75 6.00 SutroBioph STRO ... dd 7.24 –2.02 –2.43 –2.78 –2.58 ... 40.70 19.67 UnitedBkshrsWV UBSI 5.5 11 25.46 –2.06 2.55 ... 2.02 .35
18.50 4.72 ProventionBio PRVB ... dd 14.51 –2.49 –1.06 –1.24 –1.68 ... 107.86 66.35 Sanfilippo JBSS .7 17 81.90 –0.39 ... ... ... 2.00 38.24 22.12 SykesEnterprises SYKE ... 16 26.19 –0.38 1.53 1.88 2.41 ... 31.66 14.95 UtdCmtyBks UCBI 3.9 8 18.29 –1.65 2.31 1.61 1.79 .18
82.43 40.40 ProvidenceService PRSC ... cc 73.95 –4.81 –.26 2.71 3.71 ... 13.33 4.81 SangamoTherap SGMO ... dd 8.73 –0.09 –.85 ... ... ... 1.85 0.79 Synacor SYNC ... dd 1.16 –0.01 –.23 –.29 –.13 ... 53.68 22.08 UnitedFire UFCS 5.0 dd 26.14 –1.10 .58 ... ... .33
22.99 11.78 ProvidentFin PROV 4.5 14 12.58 –0.22 .58 ... ... .14 34.96 18.34 Sanmina SANM ... 16 23.92 –1.10 1.97 ... ... ... 17.17 6.51 Synalloy SYNL ... dd 7.50 –0.40 –.34 .04 .34 ... 20.89 10.65 UnitedGuardian UG 5.6 16 15.02 –0.14 1.04 1.02 1.07 .42
18.92 9.90 PrudentialBncp PBIP 2.6 9 10.94 –1.11 1.07 .13 .15 .07 52.94 37.62 Sanofi SNY 2.3 39 50.91 –1.41 1.25 3.41 3.73 1.6994 84.75 28.80 Synaptics SYNA ... dd 56.26 –5.30 –.66 ... ... ... 11.45 5.04 UnitedSecBcshrs UBFO 6.3 9 7.00 +0.81 .89 .85 .99 .11
15.00 5.50 PumaBiotech PBYI ... dd 10.32 –0.98 –1.95 –1.11 ... ... 172.70 72.05 SareptaTherap SRPT ... dd 162.63 –6.19 –9.71 –5.16 –2.13 ... 9.05 2.17 Synchronoss SNCR ... dd 3.39 +0.05 –3.36 ... –.32 ... 127.79 74.31 UnitedTherap UTHR ... 10 119.76 +1.40 –2.39 11.08 10.98 ...
14.80 4.11 Puyi PUYI ... dd 6.47 –0.13 .16 ... ... ... 36.10 8.61 SatsumaPharm STSA ... ... 30.00 –1.94 –4.80 ... ... ... 21.97 5.35 SyndaxPharm SNDX ... dd 14.77 –0.37 –1.84 –1.84 –1.75 ... 11.08 4.86 Uniti UNIT 6.7 dd 8.90 –0.15 .04 –.14 .17 .15
54.54 28.21 QAD A QADA .7 dd 38.98 –2.20 –.69 .37 .50 .072 5.48 0.69 Savara SVRA ... dd 2.75 +0.14 –1.95 –.87 –1.03 ... 74.25 30.02 SyneosHealth SYNH ... 30 56.00 +0.70 1.25 2.92 3.74 ... 24.70 8.76 UnityBancorp UNTY 2.4 6 13.21 –0.84 2.14 1.84 1.97 .08
38.04 20.53 QAD B QADB .8 dd 30.23 +0.23 –.69 .37 .50 .06 39.01 13.78 ScanSource SCSC ... 16 22.41 –0.51 2.24 2.09 2.54 ... 9.81 1.35 Synlogic SYBX ... dd 2.00 –0.16 –1.70 –1.83 –1.65 ... 10.38 4.62 UnityBiotech UBX ... dd 8.50 –1.17 –1.88 ... ... ...
20.44 9.00 Q&K Intl QK ... ... 10.29 –0.62 ... –12.70 –9.15 ... 27.47 10.09 SchnitzerSteel SCHN 4.5 19 16.54 –0.91 2.00 ... ... .1875 197.66 104.90 Synopsys SNPS ... 62 190.42 +5.97 3.45 ... ... ... 230.32 105.11 UnivDisplay OLED .4 48 147.17 –5.38 2.92 2.65 5.02 .15
44.76 22.39 QCR Holdings QCRH .9 8 28.20 –2.21 3.60 3.19 2.86 .06 21.92 6.95 ScholarRock SRRK ... dd 19.68 +0.82 –1.85 –2.13 –2.54 ... 1.52 0.54 SyprisSolutions SYPR ... dd .76 –0.06 –.19 .06 .11 ... 60.00 29.50 UnivElectro UEIC ... 60 43.74 –1.87 .26 3.71 4.52 ...
25.25 8.62 QIWI QIWI 4.8 14 17.47 +0.41 ... 110.46 166.01 .14 45.80 20.01 Scholastic SCHL 2.1 dd 28.61 –1.49 .44 ... .35 .15 11.93 4.26 SyrosPharm SYRS ... dd 10.03 +0.10 –1.88 –1.58 –1.65 ... 27.49 11.02 UnivLogistics ULH .0 14 16.43 +0.35 1.34 1.20 2.30 .105
122.37 66.50 Qorvo QRVO ... 38 107.37 –4.43 2.80 ... ... ... 92.02 25.50 Schrodinger SDGR ... dd 84.64 +9.58 ... –.82 –.17 ... 18.18 5.84 UnivStainless USAP ... 47 8.70 +0.52 .48 ... 1.00 ...
96.17
119.20
58.00
63.37
Qualcomm
Qualys
QCOM
QLYS
3.0
...
26
55
88.02
100.87
–0.79
+0.47
3.59
1.68
...
2.49
5.81
2.77
.65
...
31.63
15.33
3.76
5.82
ScientificGames
SciPlay
SGMS
SCPL
...
...
dd
15
14.18
14.67
–2.03
+0.71
–1.40
1.43
–4.45
.92
.40
1.05
...
...
T 27.80
3.31
13.20
0.30
UnivestFin
UnumTherap
UVSP
UMRX
5.4
...
9
dd
14.91
.43
–0.79
–0.07
2.24
–1.04
1.12
–.53
1.12
–.59
.20
...
36.15 10.90 Quanterix QTRX ... dd 26.95 +0.02 –1.63 ... ... ... 11.99 3.04 scPharm SCPH ... dd 7.20 +0.19 –1.77 –1.79 –1.95 ... 5.97 2.03 UpFintech TIGR ... dd 4.24 +0.12 ... .09 .18 ...
8.52 1.26 Quantum QMCO ... dd 3.93 –0.81 –.14 –.21 ... ... 16.93 5.36 ScrippsEW SSP 2.4 dd 8.18 –0.19 ... .60 .17 .05 47.46 16.96 TCF Financial TCF 5.2 16 27.11 –3.57 2.55 2.52 3.30 .35 48.67 20.75 UplandSoftware UPLD ... dd 32.67 –2.59 –1.96 2.07 2.08 ...
222.28 52.49 Quidel QDEL ... cc 221.00 +10.62 1.73 6.60 7.66 ... 4.98 1.31 SeaChange SEAC ... dd 1.42 –0.27 –.24 –.26 .12 ... 15.46 4.30 TCG BDC CGBD 16.6 dd 8.91 –0.28 1.02 1.46 1.40 .37 17.75 5.14 Upwork UPWK ... dd 14.11 +1.87 –.15 –.18 –.06 ...
17.13 5.76 QuinStreet QNST ... 26 9.94 –0.57 1.18 ... ... ... 31.42 13.30 SeacoastBkgFL SBCF ... 13 18.76 –1.65 1.90 ... ... ... 21.06 5.84 TCR2 Therap TCRR ... dd 15.57 –0.32 –4.62 ... ... ... 31.41 12.28 UrbanOutfitters URBN ... dd 14.70 –2.22 1.67 –1.18 1.35 ...
11.30 2.40 Quotient QTNT ... dd 7.45 –0.57 –1.44 –1.35 –1.02 ... 64.17 39.02 Seagate STX 5.5 7 46.97 –5.08 7.06 ... ... .65 53.99 27.70 TD Ameritrade AMTD 3.6 10 34.21 –5.30 3.96 ... ... .31 37.94 13.12 UroGenPharma URGN ... dd 26.00 –2.48 –5.12 –6.24 –4.52 ...
14.62 3.95 QurateRetailB QRTEB ... dd 9.12 –0.30 ... 1.41 2.15 ... 16.78 4.02 SeaSpine SPNE ... dd 9.57 –2.27 –2.07 –1.86 –1.09 ... 23.55 5.25 TelaBio TELA ... dd 13.75 –8.86 –17.10 ... ... ... 15.98 6.55 UrovantSci UROV ... dd 10.27 –0.59 –4.82 –6.88 –5.34 ...
14.63 3.01 QurateRetailA QRTEA ... dd 8.85 –0.40 ... 1.41 2.15 ... 175.64 63.02 SeattleGenetics SGEN ... dd 165.59 –4.32 –.96 –3.00 –1.47 ... 22.47 12.65 TFS Fin TFSL 8.1 48 13.89 –0.76 .28 ... .20 .28 112.26 75.33 UtahMedProducts UTMD 1.3 22 86.55 –13.63 3.94 3.02 3.17 .28
6.55 2.20 Qutoutiao QTT ... dd 2.82 –0.05 ... –3.69 .06 ... 8.25 2.11 SecooHolding SECO ... 7 3.18 –0.43 ... 5.37 11.09 ... 7.04 1.56 THL Credit TCRD 12.4 dd 3.23 +0.28 –.79 .51 .51 .10 3.19 1.56 UTStarcom UTSI ... dd 1.90 +0.14 –.11 –.14 .04 ...
18.23 5.29 SecureWorks SCWX ... dd 11.01 –0.64 ... .08 .11 ... 111.58 63.38 T-MobileUS TMUS ... 26 105.20 –1.50 4.02 1.72 2.04 ... 3.80 1.21 Uxin UXIN ... dd 1.56 +0.11 ... –2.01 –.21 ...
4.80 0.24
R
T-MobileUSRt TMUSR ... ... .26 ... ... ... ... ...
7.54 3.76 SecurityNatFin SNFCA ... 12 6.67 –0.48 ... ... ... ... 27.80 9.19 TPIComposites TPIC ... dd 21.93 –0.57 –.45 .41 1.54 ...
12.47
4.83
5.98
1.28
SelectBancorp
SelectaBiosci
SLCT
SELB
...
...
13
dd
7.67
2.87
–0.37
–0.13
.68
–1.22
...
...
.83
–.42
...
...
139.82 82.51 TRowePrice TROW 3.0 15 118.94 –9.67 8.70 7.25 9.34 .90 V
51.21 10.52 RaptTherap RAPT ... dd 27.55 –4.63 –9.89 –2.43 –3.19 ... 50.45 26.28 TTEC TTEC 1.5 26 43.73 –0.77 1.65 1.98 2.16 .34
21.90 10.61 RBB Bancorp RBB 1.8 7 13.04 –0.14 1.92 1.32 1.51 .06 81.35 37.05 SelectiveIns SIGI 1.8 13 50.05 –1.34 4.53 3.24 4.08 .23 16.25 8.06 TTM Tech TTMI ... 29 10.90 –0.57 .39 .89 1.36 ... 3.28 1.25 VEON VEON 20.9 13 1.71 ... .36 .23 .30 .15
185.06 77.63 RBC Bearings ROLL ... 25 127.37 –6.44 5.06 3.88 4.58 ... 58.23 26.03 Semtech SMTC ... 95 50.30 –0.48 .47 1.67 2.09 ... 3.21 0.24 T2Biosystems TTOO ... dd 1.27 +0.03 –1.30 –.60 –.36 ... 6.20 1.82 VOXX Intl VOXX ... dd 5.89 +0.10 ... ... .11 ...
27.79 6.52 RCI Hospitality RICK 1.0 15 12.63 –2.50 1.99 .96 2.31 .03 41.88 24.48 SenecaFoods A SENEA ... 13 32.95 +0.92 .61 1.70 2.25 ... 69.72 33.04 TabulaRasaHlth TRHC ... dd 54.54 –3.46 –1.57 .78 .96 ... 41.14 13.83 VSE VSEC 1.2 10 29.45 +1.67 3.35 .65 2.48 .09
4.17 1.02 RCM Tech RCMT ... dd 1.33 –0.27 .31 –.72 .33 ... 41.00 24.71 SenecaFoods B SENEB ... 12 29.52 –3.97 .61 1.70 2.25 ... 71.65 29.47 TactileSystems TCMD ... 99 40.90 –0.87 .56 ... .56 ... 12.14 6.00 ValleyNatlBncp VLY 6.1 9 7.19 –0.64 .87 .89 .88 .11
54.97 20.03 REGENXBIO RGNX ... dd 38.09 +1.16 –2.58 –2.85 –2.00 ... 6.59 2.15 SeresTherap MCRB ... dd 4.75 –0.05 –1.24 ... ... ... 8.54 2.48 TaiwanLiposome TLC ... dd 6.18 +0.77 –.80 –.38 –.46 ... 17.85 7.12 VandaPharm VNDA ... 5 11.15 ... 2.11 .29 .47 ...
8.89 3.31 RF Industries RFIL .0 28 4.67 +0.08 .36 .04 .39 .02 26.28 3.59 ServiceProperties SVC .6 cc 6.58 –1.91 1.58 –1.52 –.56 .01 149.28 100.00 TakeTwoSoftware TTWO ... 40 141.18 –1.43 3.54 ... 5.79 ... 33.00 14.33 VarexImaging VREX ... cc 14.37 –0.63 .40 1.38 1.71 ...
31.98 23.15 RGC Resources RGCO 3.0 17 23.15 –1.29 1.08 1.12 ... .175 2.10 0.53 ServiceSource SREV ... dd 1.64 +0.02 –.20 –.07 –.01 ... 42.90 18.30 Talend TLND ... dd 34.89 –0.13 –2.01 –1.27 –.99 ... 93.33 48.95 VaronisSystems VRNS ... dd 87.38 –0.12 –.98 –1.04 –.22 ...
9.82 3.00 RISE Education REDU ... cc 3.64 –0.10 .37 –.41 .32 ... 40.90 21.76 ServisFirstBcshs SFBS 2.1 12 33.01 –2.18 2.76 2.74 2.48 .175 92.95 43.69 TandemDiabetes TNDM ... dd 86.34 –4.19 –.42 –.51 .03 ... 1.64 0.90 VascularBiogenics VBLT ... dd 1.25 –0.01 –.54 –.58 –.53 ...
13.99 7.12 R1RCM RCM ... dd 10.59 –0.73 –.08 .29 .56 ... 1.62 0.37 SesenBio SESN ... dd .70 –0.03 –1.18 .04 –.42 ... 6.05 2.92 TandyLeather TLF ... ... 3.39 –0.13 .21 .81 .93 ... 36.50 17.80 Vaxcyte PCVX ... ... 32.89 –2.56 ... ... ... ...
5.40 1.46 RTI Surgical RTIX ... dd 2.83 –0.35 –2.91 ... ... ... 59.93 29.61 ShenandoahTel SHEN .6 43 46.69 –4.71 1.10 1.19 1.54 .29 5.36 0.69 TarenaIntl TEDU ... ... 1.69 –0.03 ... ... ... ... 19.21 7.42 VeecoInstr VECO ... dd 12.57 –0.70 –1.66 .67 .95 ...
29.97 10.32 RadiusHealth RDUS ... dd 14.11 –0.11 –2.89 ... –1.57 ... 5.50 0.75 ShilohIndustries SHLO ... dd 1.01 –0.04 –.85 .50 .65 ... 6.00 3.00 TatTechnologies TATT ... 29 3.90 –0.09 .10 –.05 ... ... 11.85 2.06 VenusConcept VERO ... dd 4.28 +0.56 –4.77 ... ... ...
23.45 5.81 RadNet RDNT ... cc 14.54 –0.75 .29 –.61 .48 ... 59.72 22.01 ShockwaveMed SWAV ... dd 45.80 –0.23 –2.14 –2.31 –1.54 ... 151.47 80.20 TechData TECD ... 14 144.61 +1.62 10.27 ... 12.66 ... 12.75 3.12 VeraBradley VRA ... 51 4.05 –0.60 .47 .24 .77 ...
26.98 16.02 Radware RDWR ... 55 23.45 –0.30 .48 .65 .82 ... 40.00 12.56 ShoeCarnival SCVL 1.3 33 27.09 +0.93 2.92 ... ... .09 31.25 16.82 TechTarget TTGT ... 53 29.46 –0.47 .60 .96 1.18 ... 31.18 13.90 Veracyte VCYT ... dd 23.06 –2.04 –.27 –.80 –.44 ...
5.56 1.75 RamacoRscs METC ... 4 2.10 –0.10 .61 ... ... ... 17.90 7.63 ShoreBancshares SHBI 4.2 9 10.96 +1.04 1.27 ... .60 .12 9.88 6.15 Ericsson ERIC .5 cc 9.27 +0.21 ... .44 .57 .0777 4.67 0.83 Verastem VSTM ... dd 1.74 –0.06 –2.00 ... ... ...
16.98 9.01 Rambus RMBS ... dd 14.34 –0.77 –.81 –.10 ... ... 20.70 9.01 Shyft SHYF .6 dd 16.13 +0.07 .43 .61 .84 .05 11.67 3.71 TeleNav TNAV ... dd 5.23 –0.05 –.71 ... –.20 ... 59.83 32.44 VerintSystems VRNT ... cc 43.41 –0.03 .43 ... ... ...
18.34 7.92 RandolphBancorp RNDB ... 20 9.83 –0.40 .64 .38 .51 ... 9.71 1.00 Sientra SIEN ... dd 3.85 –0.28 –2.63 ... ... ... 10.90 1.90 Teligent TLGT ... dd 2.88 –0.09 –4.70 –.62 –.27 ... 221.78 148.77 VeriSign VRSN ... 31 203.64 –1.62 5.15 6.89 6.04 ...
66.01 31.34 Rapid7 RPD ... dd 49.66 +0.57 –1.10 ... ... ... 30.15 13.05 SierraBancorp BSRR 4.5 8 17.96 +0.45 2.33 1.73 1.60 .20 108.36 45.11 10xGenomics TXG ... dd 86.25 –1.89 ... –1.06 –.46 ... 173.77 116.61 VeriskAnalytics VRSK .7 56 162.89 –1.30 2.70 4.76 5.26 .27
20.24 2.90 RattlerMidstrm RTLR 13.0 10 8.93 –1.02 ... 1.06 1.08 .29 26.80 8.55 SierraOncology SRRA ... dd 12.25 –1.75 –30.30 –7.56 –5.98 ... 32.10 16.28 Tenable TENB ... dd 29.70 –0.11 –1.03 –.25 –.14 ... 29.41 10.02 Veritex VBTX 4.2 10 16.21 –1.09 1.68 1.42 1.74 .17
38.00 16.01 RavenIndustries RAVN 2.6 28 20.09 –0.91 .97 .36 .72 .13 12.43 4.31 SierraWireless SWIR ... dd 8.51 –0.78 –1.95 –1.00 –.10 ... 85.42 42.87 Teradyne TER .5 27 81.85 –0.90 2.60 3.03 3.52 .10 19.67 1.22 Veritone VERI ... dd 17.15 +0.26 –2.85 –.90 –.75 ...
2.24 0.32 RealNetworks RNWK ... dd 1.25 –0.18 –.53 –.57 –.23 ... 148.64 68.98 SignatureBank SBNY 2.2 10 102.63 –3.77 10.87 9.21 10.76 .56 21.58 11.40 TerraFormPower TERP 4.5 dd 18.07 –0.93 –.70 –.23 –.03 .2014 12.89 2.01 VeronaPharma VRNA ... dd 5.06 –0.33 –3.09 –3.26 –3.73 ...
69.79 36.91 RealPage RP ... cc 65.55 –1.42 .60 1.76 2.09 ... 35.94 24.65 SilganHoldings SLGN 1.5 17 31.29 –0.27 1.74 2.33 2.46 .12 32.45 20.25 TerritBanc TBNK 4.3 10 21.48 –2.64 2.34 1.72 1.71 .23 18.67 6.79 VerricaPharm VRCA ... dd 14.19 +0.40 –1.13 –2.31 –2.25 ...
30.05 5.00 RealReal REAL ... dd 13.40 –0.55 –2.11 ... –.84 ... 37.60 20.93 Silicom SILC ... 33 35.30 +0.41 1.36 1.50 2.29 ... 1027.48 211.00 Tesla TSLA ... dd 959.74 –41.16 –4.92 3.47 12.76 ... 299.21 165.23 VertxPharm VRTX ... 50 286.14 –7.13 4.51 7.71 10.17 ...
257.96 70.00 ReataPharm RETA ... dd 163.17 –13.39 ... –8.47 –10.27 ... 122.90 65.09 SiliconLab SLAB ... cc 93.82 –3.68 .43 2.58 3.28 ... 19.64 4.12 TesscoTech TESS .0 dd 4.79 +0.09 –2.53 ... .02 .02 53.68 13.12 ViacomCBS A VIACA 3.9 10 24.35 –1.77 ... 3.79 6.21 .24
59.00 29.90 RedRiverBcshs RRBI .6 12 41.84 –2.67 3.49 3.14 3.04 .06 53.04 26.72 SiliconMotion SIMO 2.8 26 48.30 +3.91 ... 3.08 3.37 .35 99.34 63.61 TetraTech TTEK .9 29 74.51 –2.50 2.84 ... ... .17 53.71 10.10 ViacomCBS B VIAC 4.3 9 22.32 –1.37 ... 3.79 6.24 .24
37.29 4.04 RedRobin RRGB ... dd 9.63 –1.79 –.61 –11.93 –1.75 ... 49.89 20.84 SilkRoadMed SILK ... dd 38.37 –2.08 –2.28 –1.26 –.62 ... 10.60 0.56 TetraphasePharm TTPH ... dd 2.60 –0.03 –22.85 –4.47 –2.77 ... 84.62 25.10 ViaSat VSAT ... dd 36.80 –3.56 ... ... .65 ...
27.91 2.76 RedRockResorts RRR .0 dd 10.25 –1.82 –.05 –3.29 –.27 .10 14.50 6.21 SilvercrestAsset SAMG 5.2 9 12.23 +0.51 .98 1.40 1.59 .16 64.88 19.10 TexasCapBcshs TCBI ... 7 28.61 –5.50 6.21 .74 2.71 ... 16.35 8.08 ViaviSolutions VIAV ... cc 12.50 –0.50 .02 ... .69 ...
41.31 9.63 Redfin RDFN ... dd 38.80 +1.48 –.88 –1.00 –.70 ... 27.29 13.75 SimmonsFirstNat SFNC 4.4 6 15.43 –1.98 2.41 1.74 ... .17 135.70 93.09 TexasInstruments TXN 2.9 24 123.37 –1.52 5.24 4.01 4.85 .90 73.76 26.50 Vicor VICR ... cc 68.48 –2.87 ... .19 .93 ...
9.12 3.26 RedHillBio RDHL ... dd 7.36 +0.62 –1.40 –.67 .26 ... 59.58 10.58 SinclairBroadcast SBGI 4.8 10 16.80 –2.27 ... 8.42 2.17 .20 72.49 25.15 TexasRoadhouse TXRH .0 25 49.83 –1.07 2.46 –.04 2.09 .36 24.83 10.18 VictoryCapital VCTR 1.2 9 16.20 –0.30 ... 3.41 3.49 .05
70.13 31.80 RegencyCtrs REG 5.3 60 44.49 –0.14 1.43 .98 1.32 .595 12.73 5.06 SiriusIntlIns SG ... dd 6.90 +0.08 –.37 .80 1.40 ... 13.73 3.36 TheBancorp TBBK ... 11 8.74 –0.35 .90 1.17 1.37 ... 70.66 18.20 VielaBio VIE ... 0 42.54 –6.42 –7.02 ... ... ...
646.33 271.37 RegenPharm REGN ... 31 611.36 –32.56 ... 27.04 31.59 ... 7.40 4.11 SiriusXM SIRI 1.0 24 5.54 –0.42 .20 .23 .24 .0133 4.32 0.85 TherapeuticsMD TXMD ... dd 1.20 +0.01 –.72 –.61 –.30 ... 9.76 1.11 ViewRay VRAY ... dd 1.95 –0.27 –1.18 –.67 –.66 ...
36.84 18.22 Renasant RNST 3.8 11 23.00 –1.04 2.88 1.30 1.63 .22 50.43 15.42 SiTime SITM ... ... 45.89 –0.36 –.63 –.30 .84 ... 31.54 15.72 TheravanceBio TBPH ... dd 21.01 –0.86 –4.25 –4.03 –2.65 ... 8.87 3.26 VikingTherap VKTX ... dd 7.56 –0.02 –.36 ... –.80 ...
32.89 9.90 RenewableEnergy REGI ... 2 22.31 –5.92 8.78 3.47 5.63 ... 66.52 10.58 SkyWest SKYW .0 6 30.58 –2.94 6.62 1.21 ... .14 14.50 3.31 36Kr KRKR ... dd 3.51 –0.71 ... 2.74 ... ... 28.71 16.48 VillageSuper A VLGEA 3.7 17 27.09 +1.53 1.77 2.13 2.30 .25
31.14 11.69 Rent-A-Center RCII 4.5 7 26.01 +1.11 3.10 2.28 2.63 .29 138.22 67.90 Skyworks SWKS 1.4 27 125.85 –1.50 4.89 5.59 6.54 .44 12.05 6.37 360Finance QFIN ... 6 11.26 +0.41 ... 17.02 23.41 ... 10.80 4.20 ViomiTech VIOT ... 10 5.34 –0.11 ... 2.50 3.48 ...
34.00 29.85 RepareTherap RPTX ... ... 32.30 +1.50 ... ... ... ... 61.00 15.27 SleepNumber SNBR ... 13 41.23 +2.08 2.70 1.53 2.23 ... 49.49 2.43 Tilray TLRY ... dd 7.95 –0.35 ... –2.39 –.76 ... 33.10 4.98 ViperEnergyPtrs VNOM 3.9 dd 10.24 –0.95 .75 –.25 –.07 .10
143.93 72.32 Repligen RGEN ... cc 116.50 +0.91 .44 ... 1.32 ... 3.31 0.55 SmartSand SND ... 1 1.01 –0.19 .78 –.10 –.28 ... 31.00 13.60 TimberlandBncp TSBK 4.6 6 17.45 +0.17 2.84 .90 1.02 .20 75.00 11.65 VirBiotech VIR ... ... 38.83 –2.63 –5.76 ... ... ...
26.13 8.58 Replimune REPL ... dd 24.90 +3.22 –1.54 –1.79 –1.93 ... 21.10 3.64 SmileDirectClub SDC ... dd 7.50 –0.48 ... –.62 –.30 ... 21.88 6.96 TitanMachinery TITN ... 14 10.09 +0.03 .63 .22 .70 ... 4.95 1.82 VircoMfg VIRC ... 63 3.10 +0.52 ... –.02 .31 ...
52.68 27.05 RepublicBcpKYA RBCAA 3.7 7 31.01 –1.30 4.39 3.02 3.12 .286 19.75 5.41 Smith&Wesson SWBI ... dd 19.41 +1.71 –1.11 ... 1.16 ... 26.07 1.92 TivityHealth TVTY ... dd 11.02 +0.25 –6.17 .48 1.13 ... 26.57 14.94 VirtuFinancial VIRT 4.2 17 22.87 –0.66 –.53 4.84 2.09 .24
5.06 1.80 RepublicFirstBncp FRBK ... dd 2.05 –0.26 –.06 .11 –.06 ... 17.18 8.03 SoYoungIntl SY ... cc 14.10 +2.82 ... 2.31 6.29 ... 8.56 1.54 TizianaLifeSci TLSA ... dd 5.93 –0.87 –.01 –1.01 –1.39 ... 141.79 55.37 VirtusInvtPtrs VRTS 2.5 14 107.04 –8.02 11.74 13.26 14.27 .67
17.93 8.66 ResourcesConnect RGP 4.8 11 11.58 +0.36 .98 .98 .53 .14 14.74 5.41 Sohu.com SOHU ... dd 8.93 –0.45 –3.81 –.10 .64 ... 15.50 0.39 TonixPharm TNXP ... dd .60 –0.01 –19.33 –.92 –.57 ... 52.81 19.48 Virtusa VRTU ... 22 30.45 –1.56 1.42 ... ... ...
11.96 0.86 resTORbio TORC ... dd 2.18 +0.08 –2.41 –.82 –.62 ... 21.00 5.00 SolGelTech SLGL ... dd 8.77 +0.52 –1.26 –1.54 –1.31 ... 48.86 6.71 Torm TRMD 1.5 3 6.77 –2.72 2.24 3.85 .80 .10 105.99 38.69 Visteon VC ... 88 64.51 –8.41 2.48 –.35 3.45 ...
19.18 5.84 RetailOppor ROIC 7.2 28 11.16 +0.03 .42 .24 .38 .20 21.24 7.42 SolarCapital SLRC 10.3 dd 15.95 –0.65 1.33 1.49 1.65 .41 25.80 12.13 TowerSemi TSEM ... 25 18.53 –1.03 .85 1.03 1.49 ... 4.75 0.79 Vivus VVUS ... dd .82 –0.22 –2.96 –2.01 –3.01 ...
21.95 8.98 Retrophin RTRX ... dd 19.56 +3.77 –3.46 –1.50 –1.75 ... 18.29 6.30 SolarSeniorCap SUNS 9.3 dd 12.89 –0.17 1.43 1.25 1.21 .10 3.00 0.30 TownSports CLUB ... dd .46 –0.22 –.70 –.22 –.16 ... 21.72 11.46 Vodafone VOD 6.2 dd 15.41 –0.24 –.35 .80 1.03 .4746
27.97 9.88 RevanceTherap RVNC ... dd 25.84 +2.60 –3.67 –4.24 –3.37 ... 156.92 59.84 SolarEdgeTech SEDG ... 39 129.53 –24.07 2.90 3.06 4.58 ... 29.02 15.03 TowneBank TOWN 4.1 10 17.75 –0.82 1.92 1.25 .95 .18 13.75 4.18 Vonage VG ... dd 9.50 –0.40 –.08 ... ... ...
47.14 17.35 RevolutionMed RVMD ... ... 31.44 –6.21 ... –1.80 –1.63 ... 13.58 1.96 SolidBiosci SLDB ... dd 3.19 ... –2.91 –1.56 –1.03 ... 132.35 63.89 TractorSupply TSCO 1.1 27 129.98 +2.31 4.66 ... 5.35 .35 28.38 6.26 VoyagerTherap VYGR ... dd 12.76 –0.58 –1.21 –2.65 –2.76 ...
36.00 21.61 ReynoldsCnsmr REYN 1.8 27 33.80 –0.35 ... 1.89 1.96 .15 14.29 0.50 SonimTech SONM ... dd .82 –0.08 –1.39 –1.16 –.29 ... 421.06 136.00 TradeDesk TTD ... cc 407.03 +12.25 ... 2.68 3.78 ... 59.00 38.46 Vroom VRM ... ... 54.10 +6.59 ... 1.81 ... ...
25.86 12.99 RhythmPharm RYTM ... dd 23.00 +0.69 –3.86 –3.25 –2.68 ... 16.88 6.58 Sonos SONO ... dd 15.00 +3.06 –.05 –.36 .10 ... 69.06 33.23 Tradeweb TW .5 76 59.58 –4.84 ... 1.29 1.36 .08
7.19 1.43 SotherlyHotels SOHO .0 dd 2.40 –0.56 –.43 –2.24 –1.02 .13
5.93
6.32
1.95
3.10
RibbonComms
RichardsonElec
RBBN
RELL
...
5.8
dd
dd
3.74
4.11
–0.63
+0.05
–1.19
–.57
.30
.13
.44
.50
...
.06 22.00 11.30 SouthPlainsFin SPFI 1.0 7 12.50 –1.51 1.71 1.23 1.18 .03
13.59
34.18
2.87
16.50
TransActTechs
Transcat
TACT
TRNS
.0
...
dd
22
4.91
23.05
–0.08
–1.31
.07
1.08
...
.82
...
1.32
.09
... WXYZ
3.10 1.23 RigelPharm RIGL ... dd 1.84 +0.04 –.40 ... ... ... 88.10 40.42 SouthState SSB 4.1 9 44.40 –6.25 5.36 1.36 4.57 .47 1.60 0.30 TransGlobeEner TGA .0 dd .56 +0.01 –.06 –.36 –.15 .035
11.34 0.77 RigNet RNET ... dd 1.57 –0.54 –.97 –3.42 –1.90 ... 44.43 20.89 SouthernFirstBcsh SFST ... 8 25.08 –1.91 3.58 1.79 2.64 ... 28.09 6.80 TranslateBio TBIO ... dd 19.48 +4.18 –2.20 –1.54 –1.60 ... 39.98 6.61 WAVE LifeSci WVE ... dd 11.06 +0.30 –5.72 –3.71 –2.52 ...
5.48 2.22 RiminiStreet RMNI ... dd 4.57 +0.06 –.12 .17 .32 ... 39.05 17.30 SoMO Bancorp SMBC 2.7 7 22.24 –1.08 3.14 ... 2.35 .15 30.18 10.10 TransMedics TMDX ... dd 16.78 –0.23 –2.36 –1.66 –.94 ... 211.68 151.16 WD-40 WDFC 1.4 50 192.22 +1.07 4.02 4.21 ... .67
8.70 4.05 RiverviewBncp RVSB 3.7 8 5.44 +0.31 .69 .55 .40 .05 16.85 7.58 SoNtlBcpVA SONA 4.5 8 8.81 –0.88 1.36 1.37 1.37 .10 23.26 5.51 TravelCenters TA ... 7 21.88 –0.41 4.12 –.47 .76 ... 46.05 17.84 WSFS Financial WSFS 1.9 9 25.66 –1.22 3.00 2.02 2.55 .12
13.60 4.00 RiverviewFinl RIVE 5.6 9 5.40 –1.02 .47 ... ... .075 37.89 23.74 SouthsideBcshs SBSI 4.8 15 26.09 –1.72 2.20 ... 1.99 .31 15.95 3.04 Travelzoo TZOO ... 18 5.91 –0.45 .35 –.21 .16 ... 17.80 13.00 WVS Financial WVFC 3.1 8 13.00 –0.50 1.57 1.56 1.12 .10
M22 BARRON’S June 29, 2020

Exchange-Traded Portfolios
Tick Div Tick Div Tick Div Tick Div Tick Div Tick Div
Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt.
.0928 .1695 .0301
Bats
InnovS&P500BuffA BAPR ... 27.10 –0.31 ... iShGlbxUSDHiYdCpBd HYXU 1.5 48.88 –0.05 .6189 RealityDIVCONLdrs LEAD 1.1 39.10 –1.05 FT EM LocalCurr FEMB 5.9 34.62 –0.24 InvscBull2020CpBd BSCK 2.4 21.25 –0.03
InnovS&P500Aug BAUG ... 25.59 –0.59 ... iShGlbHiCorpBdFd GHYG 4.6 46.32 –0.67 .183 RevWeightUSLC RVRS 2.3 13.93 –0.73 .3232 FT EM SC Alpha FEMS 5.8 32.21 –0.63 .3378 InvscBull2028CpBd BSCS 3.0 22.79 –0.13 .0477
InnovS&P500Dec BDEC ... 25.80 –0.51 ... iShGoldStrategy IAUF ... 60.11 +0.99 ... SPDRDoubleEMFixed EMTL 3.9 49.10 +0.03 .1467 FT EnhShtMat FTSM 2.1 60.03 +0.05 .07 InvscBull2025CpBd BSCP 2.9 22.14 –0.11 .0452
ALPSCleanEnergy ACES 1.5 36.80 –1.35 .1154 InnovS&P500Feb BFEB ... 23.39 –0.51 ... iShiBdsDec2028Muni IBMQ 1.4 27.10 +0.02 .0297 SPDRDoubleShDurTR STOT 2.3 49.58 –0.06 .0704 FT EuropeAlpha FEP 2.4 30.19 –0.39 .172 InvsBull25HYCpBd BSJP 5.8 22.78 –0.45 .0963
ALPS DisrupTech DTEC .4 33.78 –0.71 .1375 InnovS&P500Jan BJAN ... 27.85 –0.56 ... iShiBdsDec25Muni IBMN 1.4 27.89 +0.05 .0291 SabaClosedEndFds CEFS 9.7 17.40 –0.37 .14 FTEurozoneAlpha FEUZ 1.3 33.56 –0.29 .1827 InvscBull2024CpBd BSCO 2.8 22.04 –0.04 .0456
ARK AutoTech ARKQ ... 45.26 –0.61 ... InnovS&P500BuffJun BJUN ... 27.46 –0.48 ... iShiBdsDec24Muni IBMM 1.5 26.97 +0.01 .03 SaltHitruBetaUS SLT ... 24.61 –1.83 ... FT GerAlpha FGM 1.2 40.05 –0.62 .2571 InvsBull24HYCpBd BSJO 5.2 23.41 –0.40 .0853
ARKGenomicRev ARKG .0 50.52 +2.56 1.0539 InnovS&P500BuffMar BMAR ... 26.36 –0.48 ... iShiBdsDec27Mun IBMP 1.3 26.82 +0.05 .0291 SaltLowUSMkt LSLT 4.2 25.04 –0.88 .1591 FT GlTactCommod FTGC 1.0 15.27 –0.25 .1538 InvsBull20HYCpBd BSJK 3.2 23.27 –0.04 .0143
ARK Israel Innov IZRL 2.0 24.14 –0.67 .4753 InnovS&P500BffMay BMAY ... 26.25 –0.48 ... iShiBdsDec26Muni IBMO 1.3 26.65 +0.05 .0264 StrategyResRobust ROMO .7 21.13 –0.37 .1519 FTHdgBuyWriteIncm FTLB 3.3 19.75 –0.28 .055 InvscBull2021CpBd BSCL 2.6 21.38 –0.03 .0395
AffinityWorldLdr WLDR 2.9 19.11 –0.54 .0796 InnovS&P500BuffN BNOV ... 25.69 –0.46 ... iShiBdsDec23Muni IBML 1.6 26.22 +0.02 .0319 3DPrintingETF PRNT .1 20.63 –0.47 .015 FT HK AlphaDEX FHK 3.5 31.51 +0.19 .5608 InvsBull21HYCpBd BSJL 5.0 22.67 –0.24 .0769
AgilityDynTacti THY ... 24.78 ... ... InnovS&P500JSep BSEP ... 25.10 –0.46 ... iShBds2025TermHY IBHE 6.7 23.34 –0.43 .1289 TortoiseDigPay TPAY .1 32.66 –0.75 .527 FT IPOXEurEq FPXE 1.3 23.28 +0.10 .1098 InvscBull2027CpBd BSCR 2.9 21.68 –0.21 .0446
AgilityMgdRisk MRSK ... 25.08 ... ... InnovS&P500Pwr PJUL ... 26.05 –0.60 ... iShiBds2024TermHY IBHD 6.5 22.86 –0.34 .0965 TortoiseWaterFd TBLU 1.5 30.13 –1.26 .3412 FT GlblAgri FTAG 2.4 18.98 –0.73 .1695 InvscBull2026CpBd BSCQ 2.8 21.43 –0.15 .0424
AlphaIntQuMom IMOM 1.4 26.19 +0.12 .084 InnovS&P500PwrF PFEB ... 23.79 –0.28 ... iShBds2021TermHY IBHA 5.0 23.65 –0.10 .0712 TrendAggSG TEGS ... 25.93 –0.47 ... FT GlbNatRscs FTRI 6.6 9.74 –0.17 .1393 InvsBull26HYCpBd BSJQ 5.6 23.74 –0.47 .0911
AlphaIntQuVal IVAL 2.5 24.01 –0.24 .113 InnovS&P500PwrN PNOV ... 25.71 –0.26 ... iShBds2023TermHY IBHC 6.5 22.95 –0.23 .1102 TrendAggUS TAEQ ... 25.89 –0.27 ... FTIndiaNifty50EW NFTY 1.4 28.36 +1.33 .1265 InvscBull2023CpBd BSCN 2.7 21.74 –0.06 .0432
AlphaUSQuMom QMOM .5 34.37 –0.54 .0444 InnovS&P500PwrA PAPR ... 25.63 –0.11 ... iShBds2022TermHY IBHB 6.0 23.07 –0.22 .1253 TrimTabsAllCapIntl TTAI ... 24.92 –0.15 ... FTIndxxInnTran LEGR 1.9 28.82 –0.53 .1432 InvsBull23HYCpBd BSJN 5.5 23.89 –0.42 .0924
AlphaUSQuVal QVAL 2.7 21.48 –0.89 .1251 InnovS&P500Aug PAUG ... 25.33 –0.36 ... iShInflHdgCpBd LQDI 3.0 26.56 +0.13 .0557 TrimTabsACUSFree TTAC ... 36.66 –0.78 ... FTIndxxNextG NXTG 1.3 53.83 –0.93 .226 InvscBull2022CpBd BSCM 2.6 21.84 –0.03 .0414
AlphaArchValMom VMOT 1.6 21.97 –0.14 .3566 InnovS&P500PwrD PDEC ... 26.12 –0.23 ... iShIntlAggregateBd IAGG 2.3 55.71 +0.15 .135 VanEckAMTFrIntMuni ITM 2.2 50.93 +0.06 .0942 FTIntlEquOpps FPXI .4 50.81 +0.36 .1115 InvsBull22HYCpBd BSJM 5.1 22.28 –0.34 .0758
AlphaCloneAltAlpha ALFA .2 55.37 –1.56 .0919 InnovS&P500Jan PJAN ... 27.53 –0.24 ... iShIntlDivGrowth IGRO 2.6 51.00 –1.10 .452 VanEckAMTFrLgMun MLN 2.7 21.10 +0.05 .0471 FT JapanAlpha FJP 2.8 46.27 –0.96 .3411 InvscBS2028MuniBd BSMS 1.8 25.41 –0.04 .0377
AmCentFocDyn FDG ... 53.88 –0.63 ... InnovS&P500PwrJun PJUN ... 27.64 –0.30 ... iShLiquidityIncm ICSH 2.2 50.56 +0.02 .0605 VanEckAMTFrShMuni SMB 1.6 17.99 –0.01 .0245 FT LC CoreAlpha FEX 1.7 57.60 –2.65 .2154 InvscBS2025MuniBd BSMP 1.4 25.49 +0.01 .0296
AmCentFocLCV FLV .5 43.89 –1.80 .0554 InnovS&P500PwrBuff PMAR ... 26.30 –0.19 ... iShMSCIArgentina AGT .7 20.41 –0.05 .0639 VanEckCEFMuni XMPT 4.1 26.17 +0.10 .0936 FT LC GrwthAlpha FTC .8 74.90 –1.48 .0831 InvscBS2024MuniBd BSMO 1.3 25.40 –0.03 .0271
AmCustSatisfCore ACSI 1.8 32.31 –1.13 .583 InnovS&P500PwrMay PMAY ... 26.10 –0.27 ... iShMSCIChileCapped ECH 2.3 25.53 –0.01 .5057 VanEckHYMuni HYD 4.4 59.09 +0.92 .2194 FT LC US Equity RNLC 2.2 21.81 –1.01 .1121 InvscBS2024USDEM BSDE 4.2 25.54 –0.03 .0739
AnfieldCapDiv DALT 5.3 7.93 –0.20 .0099 InnovS&P500PwrO POCT ... 24.82 –0.12 ... iShMSCIChinaAETF CNYA 1.1 31.01 +0.27 .0952 VanEckMornDur DURA 3.2 25.09 –1.09 .2004 FT LC Value FTA 2.8 43.64 –3.14 .2784 InvscBull2029CpBd BSCT 2.7 21.06 –0.16 .0403
AnfieldUSEquity AESR .3 9.64 –0.27 .0333 InnovS&P500Sep PSEP ... 25.39 –0.23 ... iShMSCIDenmarkCap EDEN .6 72.86 –0.52 .3621 VanEckMornGlb GOAT ... 29.54 –0.83 ... FT LatAmAlpha FLN 2.2 14.39 –0.68 .1633 InvscBS2029MuniBd BSMT 1.9 25.36 –0.01 .0391
AnfieldUnivFx AFIF 1.7 9.82 +0.01 .0094 InnovS&P500UltA UAPR ... 23.98 –0.10 ... iShMSCIEmgMulti EMGF 2.9 39.38 –0.11 .4091 VanEckMornIntlMoat MOTI 4.5 27.92 –0.67 1.25 FT LowDurOpp LMBS 2.4 51.68 +0.03 .10 InvscBS2021MuniBd BSML 1.0 25.33 –0.05 .0165
AptusColIncmOpp ACIO 2.0 24.83 –0.36 .0478 InnovS&P500UltAug UAUG ... 25.26 –0.47 ... iShMSCIEurozone EZU 1.4 35.98 –0.17 .318 VanEckMornWideMoat MOAT 1.4 50.76 –2.49 .7167 FT LowDurStrat LDSF 2.6 20.29 +0.01 .037 InvscBS2021USDEM BSAE 3.8 25.28 –0.16 .0762
AptusDefRisk DRSK 1.4 30.02 –0.19 .0628 InnovS&P500UltDec UDEC ... 26.22 –0.21 ... iShMSCIFinlandCap EFNL 3.9 35.53 –0.10 .7303 VanEckMuni MAAX 3.1 24.18 +0.02 .0293 FT MgdMuni FMB 2.4 54.98 +0.09 .105 InvscBS27HYCpBd BSJR 5.0 23.19 –0.65 .083
AptusDrawMgd ADME 1.3 31.46 –0.57 .0367 InnovS&P500UltFeb UFEB ... 24.13 –0.15 ... iShMSCIGermanySC EWGS .3 55.72 +0.25 .1502 VanEckRussia RSX 6.7 21.17 +0.32 1.4162 FT MegaCap FMK 1.8 33.70 –1.35 .1362 InvscBS2027MuniBd BSMR 1.8 25.04 +0.03 .0357
ArrowResCapMgmt ARCM 2.0 100.42 +0.08 .085 InnovS&P500UltJan UJAN ... 27.45 –0.16 ... iShMSCIGlbMet&MnPr PICK 4.6 24.05 ... .3732 VanEckRussiaSC RSXJ ... 31.83 +0.14 ... FT MC CoreAlpha FNX 1.6 59.96 –3.10 .1771 InvscBS2026MuniBd BSMQ 1.7 25.18 –0.05 .0357
BarclaysETN+Select ATMP 8.5 10.62 –0.88 .2245 InnovS&P500UltrJul UJUL ... 24.62 –0.46 ... iShMSCIGlSilverMin SLVP 1.7 12.66 +0.70 .0211 VanEckShHYMuni SHYD 3.4 23.79 +0.24 .07 FT MC GrwthAlpha FNY .3 46.64 –0.80 .0039 InvscBS2023MuniBd BSMN 1.2 25.41 –0.05 .0235
BarclaysWILETN WIL ... 64.41 –3.19 ... InnovS&P500UltJun UJUN ... 26.51 –0.21 ... iShMSCIEAFEGrowth EFG 1.2 82.85 –0.35 .5066 VanEckVietnam VNM .9 13.49 –0.27 .1051 FT MC US Equity RNMC 2.0 18.47 –1.06 .0705 InvscBS2023USDEM BSCE 4.1 25.72 –0.07 .0802
CBOES&P500DivAr KNG 4.5 39.32 –1.98 .4272 InnovS&P500Ultra UMAR ... 26.20 –0.30 ... iShMSCIIndiaETF INDA .4 29.05 +0.39 .0762 VangdESGIntlStk VSGX 2.2 47.84 –0.53 .3192 FT MC ValAlpha FNK 2.8 26.16 –2.83 .1453 InvscBS2022MuniBd BSMM 1.2 25.22 ... .0178
CambriaEmSharehldr EYLD 5.2 26.96 –0.98 .4179 InnovS&P500UltMay UMAY ... 25.90 –0.21 ... iShMSCIIndiaSC SMIN 2.8 29.32 +1.20 .4011 VangdESGUSStk ESGV 1.4 54.62 –1.56 .2032 FT MCGrAlpDX FAD .6 75.78 –1.63 .0645 InvscBS2022USDEM BSBE 4.1 25.56 –0.19 .0827
CambriaFgnShare FYLD 4.7 19.01 –0.32 .2362 InnovS&P500UltN UNOV ... 25.69 –0.29 ... iShMSCINorwayCap ENOR 2.3 18.51 –0.44 .2907 VangdUSLiquid VFLQ 1.7 72.19 –3.00 .2795 FT MuCValAlpha FAB 2.5 43.87 –3.36 .2436 InvscBuyBackAch PKW 2.0 55.78 –2.52 .3388
CambriaGlbAssetAll GAA 3.4 25.32 –0.66 .2682 InnovS&P500UltO UOCT ... 24.63 –0.21 ... iShMSCI UK SC EWUS 3.2 31.53 –0.95 .4204 VangdUSMinVol VFMV 2.8 77.40 –1.75 .3098 FTMuniCEFIncmOpp MCEF 3.2 18.53 +0.03 .0525 InvscDWABasicMatl PYZ 1.9 48.80 –2.33 .2456
CambriaGlbMomentum GMOM 2.4 23.23 –0.19 .0625 InnovS&P500UltSep USEP ... 25.00 –0.28 ... iShMSCIEAFEValue EFV 3.6 39.57 –0.61 .5054 VangdUSMom VFMO 1.2 83.67 –1.34 .1332 FTMuniHiIncm FMHI 3.4 50.76 +0.05 .14 InvscDWAConsCyc PEZ .3 45.97 –0.28 .0363
CambriaGlbValue GVAL 3.7 17.50 –0.37 .1443 InnovS&PHiQualPfd EPRF 5.3 23.43 –0.26 .10 iShMornMultiAsst IYLD 6.0 22.07 –0.25 .043 VangdUSMultifact VFMF 2.0 65.32 –2.04 .3131 FT NasdComBk QABA 3.7 32.90 –2.76 .3332 InvscDWACnsStpls PSL .9 63.31 –1.06 .1758
CambriaMarijuana TOKE 6.2 12.06 –0.84 .2281 InvscBalMulti PSMB 3.7 13.01 –0.33 .0817 iShNorthAmNatRscs IGE 3.9 20.84 –0.93 .17 VangdUSQual VFQY 1.5 75.70 –2.60 .2271 FT NasdCleanEdge QCLN 1.0 28.04 –1.32 .0704 InvscDWADevMkt PIZ 1.3 27.35 –0.13 .0622
CambriaShareholder SYLD 2.8 30.85 –1.91 .2261 InvscConsrvMulti PSMC 3.9 12.50 –0.23 .0878 iShRussell2500 SMMD 1.7 40.88 –1.44 .1261 VangdUSValue VFVA 2.9 56.88 –3.28 .3655 FT NasdClEdSmGr GRID 1.0 52.95 –2.08 .1463 InvscDWAEMMom PIE 1.8 17.92 +0.10 .0267
CambriaSovHiYdBd SOVB 3.5 24.26 –0.72 .0813 InvscGrwMultAll PSMG 2.7 13.28 –0.45 .084 iShIntlPfdStock IPFF 5.2 12.59 –0.10 .06 WisdTrYdEnhUSST SHAG 2.6 51.43 –0.01 .0775 FT NasdCybersec CIBR 1.5 32.48 –0.35 .0296 InvscDWAEnerMom PXI 4.5 14.52 –1.47 .0987
CambriaTailRiskETF TAIL 1.0 22.46 +0.21 .0141 InvscModConserv PSMM 3.3 13.02 –0.31 .0922 iShShortMaturityBd NEAR 2.4 49.99 +0.07 .0704 WisdomDynCurrIntl DDWM 3.2 25.31 –0.57 .28 FT NasdGlblAuto CARZ 2.2 30.40 –0.97 .1056 InvscDWAFinMom PFI 1.8 33.59 –1.13 .1098
CambriaTrinity TRTY 2.9 21.69 –0.15 .1155 InvscPureDevxNA PBDM 2.6 22.23 –0.31 .1099 iShShrtMatMuniBd MEAR 1.5 50.06 +0.02 .0552 WisdomDynCurrIntSC DDLS 3.4 25.90 –0.62 .285 FT Nasd100xTech QQXT .4 61.12 –1.97 .0476 InvscDWAHlthcrMom PTH ... 118.50 –1.58 ...
CambriaValue VAMO 1.4 15.84 –0.86 .095 InvscPureFTSEEM PBEE 3.3 22.49 –0.38 .152 iShCohen&StrsREIT ICF 2.8 98.32 –3.42 .5807 WT EM ESG Fd RESE 3.8 27.69 –0.20 .185 FT Nasd100Tech QTEC .7 106.18 –1.64 .1882 InvscDWAIndlsMom PRN .5 66.26 –1.37 .0822
ClearFocVal CFCV ... 24.58 –0.87 ... InvscPureMSCIUSA PBUS 1.7 30.27 –0.86 .1036 iShUS Div&Buyback DIVB 2.5 26.41 –1.06 .1642 WisdomTreeCpBdFd WFIG 2.7 54.28 –0.23 .10 FT NasdArtlIntel ROBT .2 35.26 –0.15 .0052 InvscDWAMom PDP .3 65.82 –0.92 .0237
EsotericaNextG WUGI ... 35.30 –0.45 ... InvscPrMSCIUSASC PBSM 1.6 23.85 –0.90 .0794 iShUSInfr IFRA 2.3 22.67 –0.88 .0994 WisdomTreeUSHYCpBd WFHY 5.4 48.48 –1.17 .22 FTNasdaqBk FTXO 4.4 16.97 –1.89 .2064 InvscDWASCMom DWAS .4 51.72 –0.54 .0683
EventShUSPolicy PLCY ... 22.48 –0.84 ... InvscPureUSAggBd PBND 2.6 26.84 –0.02 .0549 iShUSTreasuryBdETF GOVT 1.7 28.02 +0.13 .0321 WisdTrUSSTCpBd SFIG 2.3 51.63 –0.10 .10 FT NasdFood&Bev FTXG 1.4 18.60 –0.90 .0679 InvscDWATechMom PTF ... 95.98 +1.84 ...
FTCboeUSBuffAug FAUG ... 30.19 –0.41 ... InvscPure0-5YTIPS PBTP 1.0 25.42 ... .01 JPMBetaCanada BBCA 2.9 21.92 –0.73 .1602 WisdTrUSSTHY SFHY 5.3 46.75 –0.70 .185 FT NasdOil&Gas FTXN 3.0 10.32 –1.37 .0886 InvscDWAUtilMom PUI 2.8 28.37 –1.44 .2486
FTCboeUSBuffFeb FFEB ... 28.73 –0.50 ... InvscRuss1000Dyn OMFL 1.9 28.52 –1.74 .1148 JPMBetaDevAsia BBAX 3.8 22.03 –0.28 .1208 WisdTrIntlESGFd RESD 2.0 24.35 –0.39 .225 FT NasdPharm FTXH .9 22.43 –0.28 .0463 InvscDivAchvrs PFM 2.4 27.37 –0.99 .1647
FTCboeUSBuffJun FJUN ... 29.87 ... ... InvscRuss2000Dyn OMFS 1.7 21.69 –0.89 .0756 JPMBetaEurope BBEU 2.4 21.91 –0.32 .0958 WisdTrIntlQualDiv IQDG 1.9 30.12 –0.36 .16 FT NasdRetail FTXD 1.2 22.98 –0.17 .0812 InvscIntLowBeta IDLB 3.4 24.91 –0.43 .0264
FTCboeUSBuffMay FMAY ... 31.19 –0.40 ... InvscS&P500MinVar SPMV 2.0 28.74 –0.98 .2061 JPMBetaIntl BBIN .4 45.92 –0.47 .0117 WisdTrUSMulti USMF 1.9 29.05 –0.84 .10 FT NasdSemicon FTXL .9 42.49 –1.02 .0942 InvscFTSEUS1500SM PRFZ 1.7 106.55 –4.35 .31
FTCboeUSBuffNov FNOV ... 30.10 –0.57 ... InvscS&PIntlDev IDHD 7.1 22.68 –0.67 .3381 JPMBetaJapan BBJP 2.4 23.17 –0.22 .5657 XtrkBBUSIGCpESG ESCR 3.3 22.16 –0.07 .037 FT NasdaqTrans FTXR 1.6 18.39 –0.93 .0151 InvscGlblWater PIO 1.1 28.09 –0.96 .1698
FTCboeUSDeepAug DAUG ... 30.00 –0.36 ... InvscS&PSCHiDiv XSHD 7.9 15.88 –0.63 .1002 JPMBetaUSREIT BBRE 2.9 69.35 –3.07 .6296 XtrkrsEurozone EURZ 2.7 19.91 –0.12 .424 FT Nasd100 EW QQEW .5 77.71 –1.80 .0894 InvscGoldenDragon PGJ .3 48.93 –0.52 .0275
FTCboeUSDeepFeb DFEB ... 29.48 –0.35 ... InvscS&PSCQuality XSHQ 1.5 23.91 –0.74 .0565 JPM Beta1-5Y BBSA 2.2 26.20 ... .0459 XtrkJPMEMSvn ESEB 4.5 21.48 +0.13 .0604 FT RBA AmerInd AIRR .3 22.98 –0.60 .0495 InvscHYEquDivAch PEY 5.6 13.83 –0.92 .0597
FTCboeUSDeepJun DJUN ... 30.14 ... ... iPathS&P500DynVIX XVZ ... 38.85 +0.43 ... JPMBetaUSEquity BBUS 1.7 54.60 –1.82 .2073 XtrkJPMESGUSDHY ESHY 6.0 19.69 –0.19 .0674 FTRisingDivAch RDVY 2.0 29.81 –1.31 .1651 InvscIntlBuyBkAch IPKW 2.7 28.53 –0.23 .0802
FTCboeUSDeepMay DMAY ... 30.77 –0.22 ... iPathS&PMLPETN IMLP 11.1 8.97 –1.05 .2488 JPMCorePlusBd JCPB 2.4 55.12 +0.09 .074 FT RiverFrDynAP RFAP 2.6 47.58 –0.21 .4103 InvscIntlDivAch PID 5.3 11.90 –0.72 .2097
.3915 .3318
FTCboeUSDeepNov DNOV ...
FidelityBlueChipGr FBCG ...
30.41
20.43
–0.29
–0.45
...
...
iPathBS&P500VIXMid VXZ ...
iPathS&P500VIX VXX ...
36.07
37.50
+1.02
+0.61
...
...
JPMorganDisciplHY JPHY
JPMGlblBdOpps JPGB
5.4
5.3
48.93
49.43
–0.52
+0.16
.2158
.1265 NASDAQ FT RiverFrDynDev RFDI 2.1
FT RiverFrDynEM RFEM 4.2
53.07
55.86
–0.71
–0.30 .1817
InvscKBWBank KBWB 4.1
InvscKBWHiDvYdFn KBWD 14.2
36.90
13.13
–3.63
–0.88 .1224
FidelityBlueChipV FBCV ... 19.10 –0.85 ... iPathUSTrea10yBr BTYS ... 39.55 –0.57 ... JPM Municipal JMUB 2.2 53.94 +0.02 .1026 FT RiverFrDynEur RFEU 2.1 53.92 –1.10 .437 InvscKBWPrEquREIT KBWY 11.8 18.35 –1.25 .2052
FidelityLowDurBd FLDR 2.3 50.81 –0.04 .048 iPathSteepener STPP ... 25.51 –0.50 ... JPM UltShtIncm JPST 2.3 50.73 ... .0664 AdvShDWAlphaEW DWEQ ... 19.94 –0.13 ... FT S&PIntDivArist FID 5.1 13.82 –0.50 .2304 InvscKBWP&CIns KBWP 2.5 54.13 –3.01 .3098
FidelityNewMill FMIL ... 19.16 –0.73 ... iPath10-yearBull DTYL ... 97.99 +0.46 ... JPMUltShMuni JMST 1.4 50.97 –0.02 .038 AdvShDW FSM AC DWAW ... 27.24 –0.60 ... FT SMID CapRising SDVY 2.1 16.70 –0.87 .088 InvscKBWRegBkg KBWR 4.4 33.53 –3.61 .3608
FidelityStkInfl FCPI 2.1 22.51 –0.81 .112 iPath2yearBear DTUS ... 23.58 +1.25 ... LHAMktStAlpha MSVX ... 23.61 –0.15 ... AdvShDW FSM US DWUS ... 26.76 –0.45 ... FT SSI Strat FCVT 1.5 35.01 –0.39 .04 InvscNasdInt PNQI ... 173.92 –2.35 ...
FidelityTargEM FDEM 3.0 22.03 –0.15 .187 iShAdCurrHdgMSCI DEFA 3.6 25.98 –0.24 .6022 LeggMasonIntLowVol LVHI 5.4 21.87 –0.44 .2642 AdvShDorseyMc DWMC .1 20.41 –0.61 .0178 FT SrLoanFd FTSL 4.2 45.22 –0.68 .135 Invsc1-30LadTrea PLW 1.4 39.50 +0.33 .023
FidelityTargIntl FDEV 2.7 24.05 –0.35 .168 iShIntmGovt/CredBd GVI 2.1 117.61 +0.04 .1904 MainSectorRot SECT 1.9 27.55 –0.84 .2366 AdvShDorseyShrt DWSH ... 20.47 +1.58 ... FT SC CoreAlpha FYX 1.2 51.46 –3.17 .1424 InvscQQQI QQQ .7 240.22 –4.02 .4243
FTLuntUSFactor FCTR 1.0 23.07 –0.99 .0635 iShBrdUSDHYCpBd USHY 6.0 38.13 –0.68 .1671 MotleyFool100 TMFC .5 27.19 –0.50 .1256 AdvShViceETF ACT 2.8 22.20 –0.76 .6203 FT SC GrwthAlpha FYC .5 40.59 –1.15 .1431 InvscRAFIStDvxUS ISDX 3.0 21.46 –0.64 .1259
FlexShCredScUSLg LKOR 3.3 61.34 –0.19 .1564 iShConvBond ICVT 1.6 71.01 +1.20 .0685 MotleyFoolSCGrw MFMS .0 28.13 –0.40 .3406 AlphaMarkActiveMgd SMCP .8 19.81 –0.63 .1539 FT SC US Equity RNSC 2.0 17.05 –0.79 .0861 InvscRAFIStrDevSm ISDS 2.3 20.92 –0.35 .038
FlexMrnUSMktFtrTlt TILT 1.9 109.62 –4.28 .5319 iShCoreMSCIEAFE IEFA 2.8 56.85 –0.52 .6999 NuvESGEMEquity NUEM 2.2 25.11 +0.26 .5415 AmplifyOnlineRet IBUY .2 69.11 –0.19 .1494 FT SC Value FYT 1.8 28.52 –2.20 .1164 InvscRAFIStratEM ISEM 2.7 21.94 –0.82 .2186
FlexSTOXXGlbESGImp ESGG 1.7 100.47 –1.98 .4895 iShCurrHdgMSCIEAFE HEFA 3.5 27.38 –0.30 .6163 NuvESGIntlDev NUDM 3.8 24.01 –0.23 .9217 ArrowCntryRotat DWCR 1.7 25.43 +1.17 .1071 FT SKoreaAlpha FKO 2.3 17.92 –0.23 .0484 InvscRAFIStratUS IUS 2.1 24.46 –1.05 .1208
FlexSTOXXUSESGImp ESG 1.7 72.45 –2.24 .277 iShCurrHdgMSCIEM HEEM 3.2 24.91 –0.03 .5655 NuvESG LC NULC .8 28.39 –0.82 .2139 ArrowInvDWATact DWAT 1.9 10.16 +0.09 .1423 FT StratIncm FDIV 4.5 44.33 –1.19 .175 InvscRAFIStrUSSm IUSS 1.3 20.13 –0.98 .0492
FlexShUSQualLC QLC 1.8 33.46 –1.00 .1422 iShIntlSelDividend IDV 7.1 24.88 –0.40 .2971 NuvESGLCGrowth NULG .4 44.62 –0.93 .2615 ClearBr AC Grw CACG .6 34.82 –0.96 .2581 FT SwitzAlpha FSZ 1.8 48.08 –0.91 .7676 InvscR1000LoBeta USLB 2.7 29.74 –1.23 .1933
FormulaHdgGrwth FFHG .9 22.84 –0.48 .0083 iShTransportAvg IYT 1.7 156.15 –4.65 .4425 NuvESGLCValue NULV 1.8 27.04 –0.94 .4814 ClearBrDivStrat YLDE 1.9 29.31 –1.08 .1539 FT TCW Opp FIXD 2.2 54.77 +0.03 .08 InvscS&PSCCnsDisc PSCD 1.3 51.91 –1.91 .0964
FormulaFolIncm FFTI 3.1 23.73 –0.08 .0344 iShU.S.Industrials IYJ 1.4 145.48 –4.51 .4354 NuvESGMCGrowth NUMG .3 38.13 –0.73 .0961 ClearBrLCGrw LRGE .4 39.65 –0.89 .14 FT TacticalHY HYLS 5.2 45.82 –0.70 .19 InvscS&PSCCnsStpl PSCC 1.9 70.50 –1.78 .3632
FormulaFolSmartGrw FFSG 1.8 24.61 –0.64 .0084 iShUSAerospace&Def ITA 2.2 158.20 –10.41 .4181 NuvESGMCValue NUMV 3.1 23.17 –0.82 .7238 CSX-LinksCrudeOil USOI 96.0 4.35 –0.12 .453 FT TotalUSMkt TUSA 1.5 30.17 –1.40 .1088 InvscS&PSCEner PSCE 1.0 3.20 –0.48 .0064
FormulaFolTactGrw FFTG 1.4 25.70 +0.02 .03 iShUSHomeConstrn ITB .6 41.93 –1.87 .0531 NuvESGSC NUSC 1.1 26.36 –0.89 .2813 CSXLGoldCvETN GLDI 11.4 9.85 +0.09 .1687 FT USEquityDiv RNDV 3.9 19.77 –1.14 .2009 InvscS&PSCFinls PSCF 6.0 37.16 –2.52 .4608
FrankDisrComm BUYZ ... 35.25 +0.55 ... iShUSOil&GasExpln IEO 3.3 32.20 –3.08 .1906 NuvShTermREIT NURE 3.8 22.18 –1.11 .1521 CSX SilverETN SLVO 15.3 6.29 +0.13 .1763 FT UK Alpha FKU 4.3 28.80 –0.92 .0896 InvscS&PSCHlthCr PSCH ... 115.79 –2.40 ...
FrankGenAdv HELX ... 30.26 –0.37 ... iShUSTelecomm IYZ 2.8 26.77 –1.02 .1599 PacerBioThreat VIRS ... 24.34 ... ... DavisFinl DFNL 2.0 18.04 –1.16 .282 FlexShCredScoreUS SKOR 2.9 54.34 –0.05 .1107 InvscS&PSCIndls PSCI .9 55.52 –1.82 .112
FrankIntMach IQM ... 27.38 –0.62 ... iShESGAwareAgg EAOA ... 25.29 –0.43 ... PacerIntCashCow100 ICOW 3.1 21.96 –0.38 .0923 DavisSelectIntlETF DINT 2.7 18.15 –0.14 .49 FlexShDiscDurMBS MBSD 3.5 24.13 ... .0526 InvscS&PSCInfTech PSCT .2 83.39 –1.69 .0273
FrankHYCorp FLHY 6.1 24.85 –0.26 .1148 iShESGAwareCon EAOK ... 25.19 –0.13 ... PacerGlCashCows GCOW 4.7 24.78 –0.97 .1625 DavisUSEquity DUSA 1.3 22.65 –0.99 .29 FlexShRealAsset ASET 3.4 25.31 –0.93 .0898 InvscS&PSCMatls PSCM 2.0 36.20 –1.84 .2429
FrankIntlAggBd FLIA .6 25.30 +0.11 .0248 iShESGAwareGrw EAOR ... 25.26 –0.30 ... PacerTrendEurIndex PTEU ... 23.70 ... ... DavisWorldwide DWLD 2.5 23.18 –0.66 .57 GlbXAI&Tech AIQ .4 20.31 –0.22 .0363 InvscS&PSCUtil PSCU 2.4 46.20 –2.36 .1873
FrankSrLoan FLBL 4.0 23.76 –0.28 .0612 iShESGAwareMod EAOM ... 25.21 –0.19 ... PacerTrendpilot450 PTMC ... 27.36 +0.03 ... DorseyWrightETN36 BMLP 11.5 29.51 –6.55 .7799 GlbXAuto&Elc DRIV 1.3 14.03 –0.32 .112 InvscVarRateInvt VRIG 2.6 24.57 –0.14 .028
FranklinLib US FLQL 2.2 31.29 –0.93 .107 iShESGMSCIUSASC ESML 1.2 24.05 –0.84 .0591 PacerTrendpilot100 PTNQ ... 41.41 –0.75 ... FidelityNasdComp ONEQ .9 379.92 –5.76 .73 GlbXCannabis POTX 4.0 10.72 –0.79 .2149 InvscWaterRscs PHO .5 34.81 –1.56 .0615
FranklinLibUS MC FLQM 1.6 29.57 –0.98 .0531 iShEdgeHYDefBd HYDB 6.0 47.17 –0.60 .2341 PacerTrendpilot750 PTLC ... 26.42 –0.71 ... FT AltAbsRet FAAR 1.0 28.31 +2.23 .0092 GlbXCloudComp CLOU .0 21.26 +0.31 .0076 iShAsia50ETF AIA 2.0 64.70 +1.10 .26
FranklinLibUS SC FLQS 1.7 23.88 –0.50 .0332 iShEdgeInvGrEnhBd IGEB 3.4 54.02 –0.20 .1399 PacerUSCashCows100 COWZ 2.9 25.82 –1.09 .1087 FT APxJapan FPA 3.7 24.06 –0.51 .185 GlbXConsciousCos KRMA 1.6 21.34 –0.73 .1898 iSh3-7YTreasuryBd IEI 1.6 133.63 +0.25 .1244
Freedom100EM FRDM 1.7 23.63 +0.11 .1365 iShEdgeMSCIMinEAFE EFAV 4.1 66.01 –0.45 .9773 PacerUSSCCash100 CALF .9 22.28 –0.62 .0109 FT BICK BICK .9 26.10 –0.35 .1522 GlbX Cybersec BUG .2 19.48 –0.26 .0404 iShBrdUSDInvCpBd USIG 3.1 60.13 –0.05 .1433
GlbX FdrRunCos BOSS .5 22.21 –0.49 .0697 iShEdgeMSCIMinVlEM EEMV 2.8 52.26 +0.01 .5522 PacerWealthShield PWS 1.2 23.59 +0.40 .0322 FT BrazilAlpha FBZ 15.1 10.91 –0.31 .1208 GlbXDAXGermany DAX 2.7 25.71 –0.16 .003 iShCommodSelStrat COMT 3.3 23.38 –0.25 .8576
GlbXRuss2000Cvr RYLD 12.5 18.87 –0.48 .1921 iShEdgeMSCIMinVol ACWV 2.7 86.51 –1.22 .9203 PointBridgeGOP MAGA 2.7 23.15 –1.29 .628 FT BuyWrite FTHI 5.1 18.96 –0.22 .08 GlbXecomm EBIZ .1 23.28 –0.06 .034 iShCoreMSCITotInt IXUS 2.6 54.27 –0.34 .535
GlbXTarget5 TFIV 6.0 22.12 –0.28 .095 iShEdgeMSCIMinUSA USMV 2.2 59.22 –1.54 .3018 PremiseCapDivTact TCTL 2.6 25.66 –0.46 .6679 FT CEFIncmOpp FCEF 5.8 18.48 –0.55 .0975 GlbXFinTech FINX ... 32.25 –0.63 ... iShCore1-5YUSDBd ISTB 2.6 51.47 +0.05 .096
GlbXTargetPlus2 TFLT 4.2 23.53 –0.21 .065 iShMSCIMinVolUSASC SMMV 2.0 27.97 –0.66 .0942 PrincipalGlbDiv GDVD 3.2 25.72 –0.62 .1348 FT CA MuniHi FCAL 2.4 52.16 +0.09 .095 GlbXGen&Biotech GNOM ... 17.30 –0.03 ... iShCoreS&PUSGrowth IUSG 1.2 69.85 –1.53 .1827
GlbXUSInfrDevt PAVE .8 14.63 –0.53 .0537 iShEdgeMSCIUSAMom MTUM 1.4 127.45 –2.15 .3461 PrincipalSpectPfd PREF 4.8 96.61 –0.03 .373 FT CanadaAlpha FCAN 1.6 19.27 –0.55 .0727 GlbX Health&Well BFIT .6 19.52 –0.38 .0479 iShCoreS&PUSValue IUSV 2.8 50.75 –2.04 .3071
GSAccInflUSDBd GTIP 2.6 55.19 +0.19 .1133 iShEdgeMSCIUSAQual QUAL 1.7 93.07 –3.04 .3554 ProShGlbListedPrv PEX 9.4 25.20 –0.90 .1603 FT CapStrength FTCS 1.3 57.12 –1.43 .1531 GlbXInternetThings SNSR 1.1 23.49 –0.63 .1843 iShCoreTotalUSDBd IUSB 2.8 54.22 +0.02 .1112
GSAccUltShBd GSST 2.0 50.58 +0.09 .0508 iShEdgeMSCIUSAVal VLUE 3.2 69.70 –3.19 .3969 ProShHY IntRt HYHG 6.3 58.27 –1.18 .3257 FT ChinaAlphaDEX FCA 4.5 24.56 –0.63 .5223 GlbXLongevityThem LNGR .6 24.07 –0.58 .1435 iShCurrHdMSCIGrmny HEWG 2.7 26.67 –0.30 .7257
GS EW US LC Equity GSEW 2.0 45.09 –1.74 .1984 iShUSFixedIncmBal FIBR 3.1 101.34 –0.30 .2582 ProShInvGrdIntRt IGHG 3.6 70.66 –0.33 .179 FT CloudComp SKYY .2 73.36 +0.90 .0435 GlbXMSCISuperDiv EFAS 6.7 12.10 –0.21 .0475 iShSelectDividend DVY 4.6 77.77 –4.51 .7996
GSMarketBetaEM GSEE ... 43.66 –0.05 ... iShEmMkCorpBdFd CEMB 4.3 50.63 –0.01 .1618 ProShK1FreeCrude OILK 2.5 35.63 –1.33 .0556 FT DevIntlEquity RNDM 2.8 44.63 –0.54 .0613 GlbXMillThematic MILN .4 26.74 –0.51 .0901 iShESGAdvMSCI DMXF ... 51.06 –0.22 ...
GSMarketBetaInt GSID ... 43.49 –0.47 ... iShEM HY Bd EMHY 6.2 42.83 –0.26 .1786 ProShLCCorePlus CSM 1.6 68.86 –2.41 .2429 FT DevMkts FDT 2.8 46.66 –0.78 .358 GlbXNasd100Cv QYLD 11.4 20.60 –0.38 .2092 iShESGAdvUSA USXF ... 24.79 –0.60 ...
GSMarketBetaUS GSUS ... 41.44 –1.16 ... iShEvolCnStpls IECS 2.4 25.73 –1.07 .114 ProShDivGrowers EFAD 1.8 36.92 –0.68 .2558 FT DevMktsXUS FDTS 2.9 32.71 –0.25 .1798 GlbX Robotics&AI BOTZ .8 23.56 –0.10 .0307 iShESGMSCIEAFE ESGD 2.0 60.29 –0.46 .585
HartfordCoreBd HCRB 1.7 41.95 +0.10 .0531 iShEvolUSDisc IEDI 1.1 30.78 –0.71 .0721 ProShMSCIEMDiv EMDV 3.0 47.76 –1.11 .5147 FT DorseyDyn5 FVC 1.1 23.90 –0.87 .0607 GlbXS&PCathDvxUS CEFA ... 25.08 ... ... iShESGMSCIEM ESGE 2.1 32.09 +0.08 .2114
HartfordLowVolIntl RODE 3.6 22.84 –0.89 .3864 iShEvolUSFin IEFN 2.9 19.48 –1.23 .1233 ProShMSCIEurDiv EUDV 1.7 40.69 –0.31 .2336 FT DorseyFoc5 FV .6 31.10 –1.31 .025 GlbXS&P500Catholic CATH 1.5 37.43 –0.97 .3244 iShESGEMLdrs LDEM .0 46.74 –0.27 .3498
HartfordLowVolUS LVUS 2.4 26.72 –1.09 .132 iShEvolUSHlthcr IEHS .8 29.95 –1.07 .0618 ProShMergerETF MRGR .8 37.66 +0.05 .2162 FT DorseyIntl5 IFV 3.2 16.77 –0.26 .1345 GlbXSocialMedia SOCL ... 42.33 +0.38 ... iShESGMSCIUSA ESGU 1.4 67.96 –1.81 .2546
HartfordShrtDur HSRT 3.4 40.74 –0.04 .0935 iShEvolUSInnHlthcr IEIH 1.3 29.45 –0.57 .0631 ProShMornAltSoln ALTS 2.6 34.66 –0.10 .1009 FT DW Momentum DDIV 4.0 19.28 –0.80 .2057 GlbXSuperDividAlt ALTY 11.0 10.55 –0.52 .0981 iShESGIUSALdrs SUSL 1.7 52.41 –1.57 .1877
InnovLuntLowVol LVHB 2.2 29.47 –2.10 .3386 iShEvoUSMedia IEME .9 23.89 –1.28 .0255 ProShPetCare PAWZ .2 48.81 –0.09 .021 FT DW Mom&Low DVOL 2.0 19.98 –0.35 .0847 GlbXSuperDivdREIT SRET 14.4 7.62 –0.27 .0605 iShESG1-5YCpBd SUSB 2.5 25.99 +0.05 .0471
InnovNasd100Oct NOCT ... 33.24 +0.02 ... iShEvolUSTech IETC .6 37.14 –0.41 .0514 ProShRuss2000Div SMDV 2.8 45.95 –2.83 .2933 FT DW Mom DVLU 2.4 13.56 –0.60 .0339 GlbX ThemGrwth GXTG .6 30.61 –0.18 .0845 iShESGUSDCorpBd SUSC 2.8 27.44 –0.04 .058
InnovNasd100Apr NAPR ... 33.83 –0.18 ... iShExpTechSftwr IGV .4 279.47 +0.96 .0695 ProShRussUSDivGrw TMDV 1.8 34.86 –1.63 .2112 FT DorseyWright DWPP 1.4 25.32 –0.01 .1432 GlbXVideoGames HERO .2 23.04 +0.18 .0278 iShEurDevRealEst IFEU 3.5 31.99 –1.10 .1984
InnovNasd100Jan NJAN ... 36.07 –0.19 ... iShMtgRealEstCap REM 13.6 24.13 –0.69 .5816 ProShS&P500Arist NOBL 2.4 65.19 –2.94 .4133 FTDorseyDALI1 DALI 1.4 17.25 –0.18 .1318 GlbXYieldCo&Renew YLCO 3.3 13.60 –0.35 .115 iShExponentialTech XT 1.2 43.71 –0.41 .2421
InnovRuss2000Oct KOCT ... 23.31 –0.32 ... iShFctUSGrwStyle STLG .9 25.12 –0.34 .0583 ProShS&PMC400 REGL 2.7 50.52 –2.34 .3038 FT DJ IntlInt FDNI 2.2 33.62 +0.71 .3087 HighlandSrLoan SNLN 4.4 15.76 –0.21 .0379 iShFallAngelsUSDBd FALN 5.6 26.11 –0.46 .1187
InnovRuss2000Apr KAPR ... 24.79 –0.09 ... iShUSMidBlendStyle STMB 1.1 27.98 –0.98 .0767 ProShS&PTechDiv TDV 1.0 40.69 –0.75 .1291 FT MultAsstDiv MDIV 7.7 13.53 –0.65 .0645 IQChaikinUSLC CLRG 2.6 22.67 –0.89 .1011 iShGNMABondETF GNMA 2.2 51.38 –0.10 .0817
InnovRuss2000Jan KJAN ... 24.35 –0.27 ... iShUSSmBlendStyle STSB .7 28.77 –0.56 .0502 ProShShortUSDEmgBd EMSH 3.4 72.10 +0.15 .0799 FT NasdTechDiv TDIV 2.4 40.56 –0.80 .1909 IQ Chaikin US SC CSML 1.0 20.50 –0.97 .0629 iShGlbCleanEnergy ICLN 1.1 12.01 –0.28 .0527
InnovS&P500Buff BJUL ... 26.30 –0.73 ... iShFctUSValStyle STLV 2.5 19.58 –0.92 .113 ProShTrMgdFut FUT 1.2 39.75 +0.54 .0564 FT EM Alphadex FEM 3.6 21.12 –0.26 .1951 InvscActMgdETC PDBC 1.8 12.60 –0.36 .2319 iShGlbGreenBd BGRN 3.6 54.83 +0.33 .1012
InnovS&P500BuffO BOCT ... 25.29 –0.49 ... iShFloatingRateBd FLOT 2.4 50.55 +0.05 .0773 RealityDIVDivDef DFND .8 34.06 –0.12 .0651 FT EM EquitySel RNEM 3.4 42.41 –0.10 .2738 InvscBldrSEM50ADR ADRE 1.9 39.42 –0.63 .1702 iShGlbTimber WOOD 1.1 54.09 –2.08 .4726

Nasdaq Issues
- Earnings - - Earnings - - Earnings - - Earnings -
52-Week Tick - Week’s - Last This Next Div 52-Week Tick - Week’s - Last This Next Div 52-Week Tick - Week’s - Last This Next Div 52-Week Tick - Week’s - Last This Next Div
High Low Name Sym Yld P/E Last Chg. Year Year Year Amt High Low Name Sym Yld P/E Last Chg. Year Year Year Amt High Low Name Sym Yld P/E Last Chg. Year Year Year Amt High Low Name Sym Yld P/E Last Chg. Year Year Year Amt
47.19 9.75 WW Intl WW ... 14 25.02 –0.35 1.72 1.73 2.18 ... 10.10 4.45 WestNewEngBncp WNEB 3.6 12 5.60 +0.15 .51 ... ... .05 28.85 14.03 XOMA XOMA ... dd 23.30 +1.50 –.23 –1.60 –.97 ... 9.01 2.06 ZAGG ZAGG ... dd 2.86 –0.28 .48 ... .60 ...
6.55 0.21 Waitr WTRH ... dd 2.31 +0.08 –4.00 –.02 .04 ... 3.39 0.70 WestportFuelSys WPRT ... dd 1.17 –0.10 ... –.22 .08 ... 49.78 15.50 XP XP ... 79 43.88 –3.34 ... .43 .57 ... 7.25 1.80 Ziopharm ZIOP ... dd 3.41 +0.14 –.70 –.36 –.40 ...
64.50 36.65 WalgreensBoots WBA 4.4 11 41.17 –2.96 4.31 5.47 5.90 .4575 27.90 15.40 WeycoGroup WEYS 4.3 12 22.41 +2.31 2.10 1.43 1.53 .24 26.40 6.84 XBiotech XBIT ... 1 14.49 +0.27 14.44 .23 .20 ... 83.87 29.43 ZaiLab ZLAB ... ... 80.99 +0.14 –3.04 –2.95 –2.93 ...
6.24 1.36 WandaSports WSG ... dd 2.08 –0.12 ... –.40 .29 ... 39.96 17.92 Willdan WLDN ... dd 21.69 –1.62 .41 .46 1.94 ... 3.50 0.40 XcelBrands XELB ... dd .88 –0.13 –.18 .27 .36 ... 44.60 18.75 ZealandPharma ZEAL ... dd 33.04 –3.31 –2.54 –2.65 –2.85 ...
34.76 26.99 WarnerMusic WMG ... ... 30.47 –2.39 ... .32 .73 ... 74.46 14.11 WillisLease WLFC ... 3 22.35 –1.07 10.50 1.10 1.40 ... 72.14 46.58 XcelEnergy XEL 2.8 24 62.31 –1.70 2.64 2.76 ... .43 278.60 150.06 ZebraTech ZBRA ... 26 246.42 –17.99 9.97 10.83 ... ...
38.26 20.92 WashingtonFederal WAFD 3.5 9 25.26 –0.55 2.61 2.16 1.69 .22 220.97 143.34 WillisTowers WLTW 1.4 24 194.55 +5.70 8.02 11.24 11.94 .68 46.33 19.35 Xencor XNCR ... dd 31.27 +0.53 .46 –1.56 –1.36 ... 59.32 22.00 ZentalisPharm ZNTL ... ... 47.85 –5.27 ... –3.63 –2.73 ...
54.96 25.86 WashTrBcp WASH 6.5 9 31.60 –0.85 3.96 2.71 2.73 .51 6.00 3.20 WiMiHologram WIMI ... ... 3.50 +0.02 ... ... .52 ... 18.45 7.00 XenonPharms XENE ... dd 12.89 –0.05 –1.54 ... ... ... 66.96 18.65 Zillow A ZG ... dd 55.43 –6.57 ... –1.45 –1.12 ...
19.48 12.10 WaterstoneFinl WSBF 3.4 10 14.21 –0.48 1.37 1.07 1.07 .12 140.00 44.27 Wingstop WING .3 cc 135.13 +3.36 .69 1.04 1.09 .11 12.94 1.42 XerisPharm XERS ... dd 2.51 –2.78 –4.81 –2.99 –1.78 ... 66.68 20.04 Zillow C Z ... dd 55.59 –6.66 ... –1.44 –1.12 ...
28.90 10.86 Watford WTRE ... dd 15.19 –0.55 2.00 –9.98 3.75 ... 215.00 115.00 Winmark WINA .1 21 167.13 –2.87 7.84 2.01 2.25 .05 133.00 67.68 Xilinx XLNX 1.7 29 91.02 –4.46 3.11 2.98 3.34 .38 52.48 23.58 ZionsBancorp ZION 4.2 10 32.29 –3.79 4.16 1.86 3.16 .34
74.46 22.02 WintrustFin WTFC 2.7 7 41.02 –4.75 6.03 3.94 3.72 .28 10.51 2.84 Zix ZIXI ... dd 6.20 –1.00 –.46 .57 .62 ...
25.50 9.52 WaysideTech WSTG 2.8 18 23.88 –0.27 1.51 1.44 1.60 .17 6.55 1.87 WisdomTreeInvs WETF 3.8 dd 3.19 –0.42 –.08 .17 .19 .03 22.38 9.01 Xperi XPER 5.6 dd 14.29 +1.01 –1.27 2.81 2.77 .20 57.22 16.65 Zogenix ZGNX ... dd 25.47 –2.57 –9.74 –4.10 –1.94 ...
55.52 28.93 Weibo WB ... 20 34.04 –0.84 ... 2.33 2.79 ... 22.27 3.90 WISeKey WKEY ... dd 6.90 –1.10 ... –2.10 –2.10 ... 7.20 1.87 Xunlei XNET ... dd 3.86 +0.29 –.80 ... ... ... 261.62 60.97 ZoomVideo ZM ... cc 256.80 +13.32 ... 1.26 1.54 ...
24.04 6.82 Wendy's WEN .9 41 21.06 –0.80 .58 .54 .68 .05 254.51 76.81 Wix.com WIX ... dd 251.83 +14.98 –1.71 ... ... ... 50.49 14.16 Y-mAbsTherap YMAB ... dd 45.50 –2.63 –2.30 –2.57 –1.11 ... 64.40 32.10 ZoomInfoTech ZI ... ... 51.57 +6.20 ... ... ... ...
46.95 28.71 WernerEnterprises WERN .8 19 42.69 +0.54 2.38 1.89 2.29 .09 129.06 46.51 Woodward WWD .4 17 74.67 –3.22 4.02 ... ... .0812 4.79 1.29 YRC Worldwide YRCW ... dd 1.61 –0.17 –3.13 –3.30 –.72 ... 4.25 1.08 Zovio ZVO ... dd 2.88 +0.24 –1.86 .10 .35 ...
39.33 17.46 WesBanco WSBC 6.8 8 18.75 –1.51 2.83 1.65 1.84 .32 226.83 107.75 Workday WDAY ... dd 187.48 +3.92 –2.12 2.25 2.74 ... 50.75 27.93 Yandex YNDX ... 71 49.03 +3.41 .61 71.65 125.13 ... 115.17 35.00 Zscaler ZS ... dd 106.00 –2.57 –.23 ... ... ...
25.93 13.74 WestBancorp WTBA 5.0 9 16.90 –0.53 1.74 1.92 1.74 .21 175.78 43.16 WorldAcceptance WRLD ... 19 64.89 –4.26 3.54 3.61 5.35 ... 6.87 4.08 YintechInvt YIN 1.7 42 5.98 +0.70 ... 3.43 3.73 .20 35.68 13.13 Zumiez ZUMZ ... 15 25.92 –0.82 2.62 1.56 2.49 ...
69.08 46.94 WestamericaBncp WABC 3.0 19 55.36 +0.46 2.98 2.66 ... .41 30.66 19.04 WrightMedical WMGI ... dd 29.28 –0.43 –.90 –.19 .27 ... 49.85 34.34 YorkWater YORW 1.5 40 47.53 +1.15 1.11 1.22 1.27 .1802 15.70 2.55 ZynerbaPharma ZYNE ... dd 6.30 +0.26 –1.50 –1.80 –1.60 ...
72.00 27.40 WesternDigital WDC .0 dd 40.87 –3.52 –2.58 3.04 5.90 .50 153.41 35.84 WynnResorts WYNN .0 dd 69.05 –17.74 1.15 –.99 4.41 1.00 11.45 2.50 Yunji YJ ... dd 2.80 +0.12 –1.32 .57 1.13 ... 9.92 5.51 Zynga ZNGA ... cc 9.58 +0.29 .04 .31 .36 ...
June 29, 2020 BARRON’S M23

Exchange-Traded Portfolios
Tick Div Tick Div Tick Div Tick Div Tick Div Tick Div
Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt.
iShiBdsDec28Trea IBTI .5 26.61 +0.10 .0136 WisdTrGermanyHdg DXGE 1.5 28.15 –0.30 .39 DeltaShS&P400Mgd DMRM 1.0 47.26 –0.29 .02 FidelityMSCICnDisc FDIS 1.0 50.25 –1.15 .082 GlbXMSCIChinaIndls CHII 2.2 12.51 –0.35 .1154 InvscDynNetwkg PXQ .1 64.09 –0.40 .0262
iShiBdsDec25Trea IBTF .5 26.16 +0.04 .0146 WisdTrIntRtHYBd HYZD 6.1 20.14 –0.49 .09 DeltaShS&PIntMgd DMRI 1.8 43.98 –0.02 .2303 FidelityMSCICnStpl FSTA 2.8 33.97 –1.14 .231 GlbXMSCIChinaIT CHIK .6 24.18 +1.68 .2209 InvscDynOil&GasSv PXJ 4.5 2.31 –0.26 .028
iShiBdsDec24Trea IBTE .5 25.99 +0.04 .0142 WisdTrIntUSAgg AGZD 2.7 47.02 –0.09 .0825 DeltaShS&P600Mgd DMRS .9 46.88 –0.28 .1246 FidelityMSCIEn FENY 10.2 9.55 –0.72 .121 GlbXMSCIChLC50 CHIL 1.8 30.19 +0.15 .2183 InvscDynPharm PJP 1.0 63.26 –0.75 .1556
iShiBdsDec29Trea IBTJ .5 26.67 +0.11 .0155 WisdTrJapanHdgSC DXJS 3.1 37.02 –0.64 .6692 DirexAllCapIns KNOW 2.5 31.94 –0.80 .1153 FidelityMSCIFinls FNCL 3.1 32.15 –1.81 .225 GlbXMSCIChinaMatls CHIM 4.4 14.84 –0.13 .4036 InvscDynSemicon PSI .5 70.30 –1.97 .0855
iShiBdsDec21Trea IBTA .6 25.37 +0.01 .0126 WisdTrUSQltyDiv DGRW 2.4 44.07 –1.28 .12 DirexAuspiceBroad COM .7 21.44 +0.05 .0323 FidelityMSCIHlthCr FHLC 1.4 48.57 –1.19 .173 GlbXMSCIChRlEst CHIR 4.1 16.81 –0.34 .2624 InvscDynSoftware PSJ .1 113.58 +0.17 .0559
iShiBdsDec27Trea IBTH .4 26.40 +0.08 .0123 WisdTrUSSCQltyDiv DGRS 2.7 28.63 –1.14 .07 DirexAeroBl3 DFEN 2.3 11.04 –2.49 .0002 FidelityMSCIIndls FIDU 2.0 34.52 –1.32 .135 GlbXMSCIChUtil CHIU 2.4 13.52 –0.24 .1231 InvscEMSovDebt PCY 5.3 26.63 –0.14 .1085
iShiBdsDec26Trea IBTG .4 26.28 +0.06 .0135 DirexBrazilBull2X BRZU 9.2 71.34 –8.87 .3491 FidelityMSCIIT FTEC 1.1 80.10 –0.29 .196 GlbXMSCIColombia GXG 5.2 23.16 –0.67 .5846 InvscFinlPfd PGF 5.3 17.87 –0.26 .0771
.149 .2447
iShiBdsDec23Trea IBTD
iShiBdsDec22Trea IBTB
.4
.6
25.76
25.59
+0.03
...
.014
.0163 NYSE DirexCSIChinaInt CWEB .3
DirexCSI300CnA CHAD 2.2
41.19
25.87
–0.06
–0.35
.0959
.0633
FidelityMSCIMatls FMAT 2.3
FidelityRealEst FREL 3.9
29.63
22.71
–0.88
–0.95 .177
GlbX MSCIGreece GREK 3.5
GlbXMSCINextEm EMFM 3.5
19.32
16.52
–0.67
–0.33
.5567
.241
InvscFTSEDvMktxUS PXF
InvscDevMktxUSSM PDN
3.5
2.8
34.21
27.19
–0.80
–0.50 .1144
iSh$HYxOil&Gas HYXE 5.3 49.23 –0.93 .1972 DirexCSI300CnABl2 CHAU .6 22.25 +0.57 .0088 FidelityMSCIUtils FUTY 3.5 35.62 –1.19 .302 GlbXMSCINigeria NGE 9.0 9.33 –0.17 .7601 InvscFTSERAFIEM PXH 4.3 17.30 –0.39 .1886
iShIndia50ETF INDY .1 30.88 +0.48 .0328 BarclyiPathBCarbon GRN ... 49.30 +1.30 ... DirexCommSvsBr3 MUTE 1.3 7.87 +1.12 .0078 FidelityMomFactor FDMO 1.2 35.65 –0.75 .099 GlbX MSCINorway NORW 4.7 9.39 –0.21 .3641 InvscFTSEUS1000 PRF 2.7 104.89 –4.99 .6787
iShIntermCorpBd IGIB 3.2 60.00 –0.18 .1445 GuggCreditAlloc GGM 12.4 17.60 +0.02 .1813 DirexCommSvsBl3 TAWK .1 28.25 –5.50 .0337 FidelityQualFactor FQAL 1.7 35.52 –1.02 .153 GlbXMSCIPakistan PAK 5.0 22.11 –0.14 .5434 InvscFundHYCpBd PHB 4.2 18.06 –0.32 .0649
iShIntlDevRealEst IFGL 9.1 23.26 –0.49 .1678 NETLeaseCpRlEst NETL 3.2 21.74 –1.52 .2783 DirexCnsDiscBr3 PASS 1.0 7.66 +0.53 .0052 FidelitySmalMid FSMD 1.5 21.99 –0.79 .063 GlbXMSCIPortugal PGAL 4.2 9.33 –0.24 .3125 InvscFundInvCpBd PFIG 2.7 27.07 –0.09 .0581
iShIntlTreasuryBd IGOV .2 51.03 +0.28 .1219 NuvShrtDurCrOppFd JSD 7.2 11.73 –0.20 .0705 DirexCnsDiscBl3 WANT .5 24.38 –2.17 .0355 FidelityTotalBdETF FBND 2.7 54.04 –0.10 .091 GlbXISuperDivEM SDEM 8.7 10.20 –0.28 .0595 InvscGlbClnEner PBD 1.7 15.21 –0.26 .0424
iShJPMUSDEmgBd EMB 4.5 108.66 –0.08 .3365 DirexCnsStplBr3X LACK 1.0 12.79 +1.26 .0137 FidelityValFactor FVAL 2.1 32.50 –1.12 .174 GlbXS&P500Cv HSPX 6.8 41.23 –1.02 .2094 InvscGlblPrvEqu PSP 9.1 10.10 –0.29 .1283
.0532 .05 .1029
NYSE ARCA
iShMBSETF MBB 2.5 110.74 –0.10 .2007 DirexCnsStplBl3X NEED 1.5 20.89 –2.55 FieldUVAUnconMed FFIU 2.7 26.22 –0.05 GlbXS&P500QualDiv QDIV 3.9 21.04 –0.94 .0675 InvscGlbShrtHYBd PGHY 5.7 21.43 –0.17
iShMSCI ACWI ACWI 2.1 72.41 –1.32 .6141 DirexDevMktBl3 DZK 1.3 37.56 –1.55 .1073 FinSelSectorSPDR XLF ... 22.58 –1.40 ... GlbXSciBetaAsiaXJ SCIX 5.5 20.28 –0.26 .6668 InvscIndia PIN 1.0 17.18 +0.29 .1667
iShMSCIACWIxUS ACWX 2.8 42.94 –0.32 .5049 DirexDJBear3X WEBS 1.1 7.22 +0.13 .0315 FTActiveFactorLC AFLG 1.3 18.30 –0.57 .0795 GlbXSciBetaEurope SCID 3.3 22.31 –0.17 .5396 InvscIntlCpBd PICB 1.4 26.64 +0.07 .0279
iShMSCIACxJpn AAXJ 1.7 69.20 +0.50 .2631 AAM LowDurPfd PFLD 5.9 23.46 –0.13 .09 DirexDJBull3X WEBL .1 35.61 –1.21 .0176 FTActiveFactorMC AFMC 1.1 16.33 –0.69 .0581 GlbXSciBetaJapan SCIJ 3.5 24.98 –0.31 .656 InvscInvGradeDef IIGD 2.1 27.34 –0.02 .0386
iShMSCIBrazilSC EWZS 1.9 12.17 –0.79 .0785 AAMS&PDevMk DMDV 5.4 19.47 –0.42 .01 DirexEM Bear3 EDZ 1.2 26.14 –0.19 .086 FTActiveFactorSC AFSM .8 16.11 –0.54 .0347 GlbXSciBetaUS SCIU 2.0 30.91 –1.10 .3397 InvscInvGradeValue IIGV 2.7 27.81 –0.11 .0565
iShMSCIChina MCHI 1.2 65.59 +0.51 .2365 AAMS&PEMHiDivVal EEMD 4.8 18.06 –0.15 .0171 DirexEM Bull3 EDC 1.0 44.60 +0.11 .3919 FT AustrAlpha FAUS 7.0 24.44 –0.90 .0066 GlbXSilverMiners SIL 1.4 35.46 +1.48 .4091 InvscMSCIGlbTimb CUT 3.2 23.82 –0.85 .771
iShMSCI EAFE SC SCZ 3.4 53.30 –0.72 .5449 AAMS&P500HiDivV SPDV 5.5 20.08 –1.04 .08 DirexEnergyBr2 ERY .7 53.41 +6.09 .1496 FT ConsDscAlpDx FXD 1.3 35.81 –1.93 .0149 GlblXSuperDividend SDIV 12.3 10.96 –0.31 .075 InvscNatAMTFrMuni PZA 2.7 26.56 –0.05 .0592
iShMSCI EM Asia EEMA 1.9 66.55 +0.24 .244 AIPoweredEquity AIEQ .7 27.50 –0.32 .06 DirexEnergyBl2 ERX 11.5 14.04 –2.28 .1612 FT ConsStaples FXG 1.9 44.86 –1.70 .2056 GlbXSuperDivUS DIV 11.8 14.72 –0.77 .1065 InvscNYAMTFrMuni PZT 2.6 25.52 –0.05 .0582
iShMSCIEMxChina EMXC 2.7 42.65 –0.12 .2289 AIPwrdIntlEqu AIIQ ... 25.24 –0.36 ... DirexChinaBr3 YANG 1.2 31.89 +0.11 .1087 FT DJ GlbSelDiv FGD 7.2 17.57 –0.94 .2918 GlbXSuperIncPfd SPFF 6.5 10.51 –0.15 .0565 InvscPreferred PGX 5.8 14.13 –0.25 .0633
iShMSCIEuropeFinls EUFN 2.5 13.98 –0.04 .1705 ALPSEmgDivDogs EDOG 4.7 17.98 –0.33 .3037 DirexChinaBl3 YINN 1.4 13.65 –0.13 .0243 FT DJ Internet FDN ... 167.62 –1.36 ... GlbX US Pfd PFFD 5.8 23.41 –0.37 .1135 InvscRayJamesSB1 RYJ ... 37.57 –1.08 ...
iShMSCIEuropeSmCp IEUS 2.1 46.45 –0.28 .3845 ALPS EqSecWgh EQL 2.6 70.57 –2.78 .3757 DirexFTSEEurBull3x EURL .9 15.17 –0.49 .0557 FT Dow30EW EDOW 2.7 22.60 –1.09 .1261 GlbX Uranium URA 1.7 10.79 ... .1037 InvscRuss1000EW EQAL 2.2 29.71 –1.57 .152
iShMSCIGlblGoldMin RING .5 28.89 +1.38 .1021 ALPSIntlDivDogs IDOG 5.1 22.03 –0.13 .2129 DirexFinlBear3 FAZ 1.9 19.22 +2.07 .0446 FTEIPCarbonImpact ECLN 2.3 19.17 –0.64 .1142 GlbXVarPfd PFFV ... 24.57 ... ... InvscS&PEMLowVol EELV 4.4 19.37 –0.34 .1461
iShMSCIGlbImpact SDG 1.3 67.07 –1.03 .4945 ALPSMedBreak SBIO .0 41.79 –1.32 .0159 DirexFinlBull3 FAS 1.4 29.02 –4.28 .0364 FT EnergyAlpDx FXN 3.0 6.26 –0.81 .0063 GSAccessHYCorpBd GHYB 5.5 47.08 –0.78 .1936 InvscS&PEMMom EEMO 4.3 14.10 +0.13 .2767
iShMSCIJapanEW EWJE 2.8 32.82 –0.43 .2608 ALPSREITDivDogs RDOG 5.4 35.19 –1.68 .4211 DirexGoldMinBr2 DUST 6.8 26.99 –2.91 .717 FT EqCompRiskMgr ERM 2.3 17.04 –0.47 .0484 GSAccessIGCpBd GIGB 3.0 54.66 –0.09 .124 InvscS&P500BuyWr PBP 1.9 17.63 –0.26 .0581
iShMSCIJapanVal EWJV 4.2 22.18 –0.41 .2797 ALPSSectorDivDogs SDOG 4.7 35.01 –1.88 .3852 DirexGoldMinBl2 NUGT 1.0 72.13 +6.61 .7094 FT EqCompTactical TERM 2.2 14.90 –0.38 .0466 GSTreasury0-1Y GBIL 1.7 100.50 +0.01 .0463 InvscS&P500Down PHDG 1.4 31.09 –0.57 .0584
iShMSCINewZealand ENZL 2.9 53.55 –0.77 .3702 ARKInnovationETF ARKK .0 68.97 +0.94 .1906 DirexHlthcrBull3 CURE .6 50.35 –4.79 .0163 FT DJ SelMicro FDM 2.0 36.83 –1.72 .1778 GSActiveBetaEM GEM 2.7 30.29 –0.16 .1368 InvscS&P500EnhVal SPVU 3.5 26.96 –1.96 .2186
iShMSCIQatar QAT 3.0 16.21 –0.05 .4861 ARK NextGen ARKW ... 82.94 –0.85 ... DirexHmbldrBull3 NAIL .1 23.14 –3.21 .0049 FT FTSE DevRE FFR 6.1 37.34 –1.57 .321 GSActiveBetaEurope GSEU 2.2 27.22 –0.46 .2587 InvscS&P500EWCm EWCO 1.6 23.95 –1.30 .0694
iShMSCITurkeyETF TUR 2.0 23.13 +0.40 .1521 AberdStdBlAllCm BCD 1.9 20.43 –0.31 .3805 DirexIndlsBl3 DUSL 2.0 12.77 –1.82 .0041 FT FinlsAlpDx FXO 3.4 24.41 –1.97 .2162 GSActiveBetaIntlEq GSIE 2.3 26.37 –0.49 .211 InvsS&P500EWCD RCD 2.0 85.01 –4.38 .2045
iShMSCIUAE UAE 5.5 10.07 –0.18 .5528 AberdStdBlACStr BCI 1.9 17.72 –0.41 .3344 DirexJapanBl3 JPNL .9 43.64 –1.85 .0804 FT GlbEngg FLM 3.2 40.47 –1.44 .3249 GSActiveBetaJapan GSJY 2.6 31.21 –0.42 .1338 InvscS&P500CnStp RHS 2.4 131.69 –6.19 .6831
iShMornMCValue JKI 3.7 121.58 –6.45 .8069 AberdStdPhysGold SGOL ... 17.04 +0.25 ... DirexJrGoldMinBr2 JDST 17.5 18.55 –2.56 1.1458 FT GlbWindEner FAN 2.1 14.03 –0.11 .0934 GSActiveBetaUSLC GSLC 1.8 60.86 –1.87 .2465 InvscS&P500EWEner RYE 3.6 27.01 –2.60 .2326
iShNasdaqBiotech IBB .2 135.16 –2.69 .1265 AberdStdPhysPall PALL ... 177.22 –1.08 ... DirexJrGoldMinBl2 JNUG 1.7 101.28 +10.71 .1217 FT HlthCareAlpha FXH ... 87.93 –2.28 ... GS Active US SC GSSC 1.5 38.22 –1.27 .092 InvscS&P500EW RSP 2.2 98.44 –4.61 .4254
iSh13YearIntlTBd ISHG ... 79.10 +0.20 ... AberdStdPhysPlat PPLT ... 75.80 –1.29 ... DirexLatinAmBl3 LBJ 3.2 45.49 –8.06 .2904 FTHorizonMgdVolDev HDMV 3.0 27.97 –0.42 .1266 GS Data GDAT .9 61.39 –0.76 .0998 InvscS&P500EWFin RYF 2.8 35.97 –2.74 .307
iShPHLXSemicond SOXX 1.2 261.18 –6.10 .5629 AberdStdPhyPrMt GLTR ... 82.47 +0.65 ... DirexIndiaBull3 INDL .2 20.66 +0.82 .0145 FTHorizonMgdVolDom HUSV 1.6 24.78 –0.55 .0791 GS Fin GFIN .8 58.92 –1.11 .1059 InvscS&P500EWHC RYH .6 215.49 –7.41 .3992
iShPfd&Incm PFF 5.7 34.47 –0.56 .1691 AberdStdPhySilv SIVR ... 17.25 +0.13 ... DirexMexicoBl3 MEXX 3.3 26.95 –4.12 .0273 FTHorizMgdVolSM HSMV .1 23.34 –0.53 .0083 GSHedgeIndVIP GVIP .4 64.16 –2.07 .1115 InvscS&P500Ind RGI 1.6 115.23 –4.73 .3378
iShRuss1000PureUS AMCA 2.9 26.21 –0.74 .1359 AbsoluteCrStrat ABEQ ... 21.97 –0.39 ... DirexMcBull3 MIDU 1.0 17.51 –2.16 .0105 FT Chindia FNI .5 40.34 –0.52 .0393 GS HumanEv GDNA .3 58.52 –1.67 .0855 InvscS&P500EWMat RTM 2.3 98.21 –4.38 .5721
iShS&PSC600Growth IJT 1.0 161.22 –5.55 .3059 AcquirersFund ZIG ... 20.39 –0.89 ... DirexPharmBl3X PILL .1 14.60 –0.71 .0003 FT IndlsAlpDx FXR 1.8 36.48 –1.61 .1052 GS JUST US LC JUST 1.7 43.64 –1.36 .1659 InvscS&P500RlEst EWRE 3.9 25.16 –1.24 .2057
iShS&P EM Infra EMIF 2.5 21.78 –0.97 .3008 AdvShDorseyADR AADR .0 52.28 +0.23 .0085 DirexRealEstBr3 DRV 1.8 17.61 +2.04 .06 FTInstPfdSecs FPEI 5.2 18.72 –0.09 .0706 GS Mfg GMAN .7 56.14 –1.39 .1375 InvscS&P500EWTech RYT 1.3 193.37 –5.24 .7805
iShGlobalInfra IGF 3.3 37.47 –1.29 .4385 AdvShDbLineVal DBLV ... 64.57 –2.84 ... DirexRealEstBl3 DRN 3.5 9.19 –1.21 .0197 FT LgDurOpps LGOV 3.2 29.89 +0.18 .10 GS NewAge GBUY .3 69.67 –0.33 .0253 InvscS&P500EWUtil RYU 3.2 88.61 –3.28 .8117
iShShortCpBd IGSB 2.9 54.69 +0.08 .0992 AdvShFocusedEqu CWS .4 34.44 –1.10 .1464 DirexRgBanksBull3X DPST 7.6 50.13 –18.87 .1707 FT Long/Short FTLS .5 40.22 –0.73 .0448 GraniteBloomComm COMB 1.9 18.94 –0.41 .3586 InvscS&P500xRt XRLV 2.2 34.71 –0.89 .0622
iShShortTreaBd SHV 1.8 110.73 +0.01 .071 AdvShFolioBey FWDB 3.3 25.56 –0.15 .0183 DirexRetailBull3 RETL 1.2 129.79 –8.82 .8695 FT MgdFutures FMF 1.0 44.49 +0.16 .4493 GraniteGold BAR ... 17.64 +0.27 ... InvscS&P500GARP SPGP 1.6 53.15 –3.07 .2744
iSh1-3YTreasuryBd SHY 1.7 86.60 +0.04 .0701 AdvShNewfleet MINC 2.7 48.21 –0.09 .1007 DirexRobAI3X UBOT .4 106.16 –1.61 .1456 FT MatAlpDX FXZ 2.3 33.36 –1.42 .1489 GraniteHIPSUSHiInc HIPS 11.1 11.60 –0.45 .1075 InvscS&P500HiBeta SPHB 2.5 38.28 –2.86 .1738
iSh7-10YTreasuryBd IEF 1.6 121.97 +0.43 .1222 AdvShPureCannab YOLO 6.8 10.33 –0.57 .1075 DirexRussiaBl2 RUSL 1.2 16.14 +0.46 .1174 FTMergerArbitrage MARB ... 19.44 –0.04 ... GranitePlatinum PLTM ... 8.01 –0.12 ... InvscS&P500HiDiv SPHD 5.8 31.80 –1.83 .1527
iSh20+YTreasuryBd TLT 1.7 165.25 +2.86 .2102 AdvShRangerEqBear HDGE .2 5.02 +0.21 .0116 DirexS&P500Br3 SPXS 1.3 8.52 +0.62 .02 FT MngstrDiv FDL 5.7 24.60 –1.54 .3689 GraniteXOUTUSLC XOUT .7 28.28 –0.78 .0462 InvscS&P500LowVol SPLV 2.7 48.51 –1.11 .1066
iSh0-5YInvGrdCpBd SLQD 2.7 52.06 +0.02 .1008 AdvShSageCore HOLD 2.0 98.42 –0.06 .1141 DirexS&P500Bl3 SPXL .8 38.54 –3.59 .0456 FT NaturalGas FCG 3.8 7.17 –1.00 .0569 HCM Def500 LGH .2 24.18 –0.82 .048 InvscS&P500Mom SPMO 1.6 42.39 –1.13 .1651
JanusSCGrwAlpha JSML .3 43.85 –1.70 .0329 AGFiQ DynHdgUS USHG 1.2 26.85 –0.74 .0742 DirexS&P500Bull2X SPUU 1.4 52.08 –3.33 .2658 FT NA Energy Infra EMLP 5.4 19.33 –1.38 .2813 HCM Def100 QQH .0 29.19 –0.58 .0619 InvscS&P500PrGrw RPG .9 125.71 –4.29 .1662
JanusS/MC GrwAlph JSMD .4 46.28 –0.92 .0286 AGFiQ GlbInfr GLIF 3.2 23.01 –0.77 .0594 DirexS&PBiotechBr3 LABD 3.4 3.63 –0.26 .0498 FT NYSE ArcaBiotch FBT ... 167.41 –3.32 ... HartfordMultiDvxUS RODM 3.1 24.37 –0.70 .4098 InvscS&P500PrVal RPV 3.4 45.97 –3.09 .3172
LeggMasonGlbInfr INFR 3.7 26.79 –0.67 .2143 AGFiQHdgDivIncm DIVA 5.3 20.15 –1.04 .3068 DirexS&PBiotechBl3 LABU .0 56.98 +1.94 .0053 FT PfdSecs FPE 5.6 18.33 –0.26 .0972 HartfordMultiEM ROAM 4.4 19.04 –0.45 .2798 InvscS&P500Qual SPHQ 1.9 34.48 –0.90 .1612
LeggMasonLVHD LVHD 3.2 27.86 –1.27 .286 AGFiQ US NeutAB BTAL .8 24.81 +1.18 .1958 DirexS&P500Br1 SPDN .9 23.51 +0.62 .0176 FTSTOXXEurSel Div FDD 3.8 10.24 –0.35 .2151 HartfordMultiREIT RORE .0 11.84 –0.56 .0826 InvscS&P500Rev RWL 2.3 49.60 –2.33 .2604
LeggMasonSCQualVal SQLV 1.6 21.23 –0.95 .0862 AGFiQ US NeutrMom MOM ... 29.61 +1.53 ... DirexHiBetaBear3X HIBS .7 8.41 +1.35 .0154 FT ShDurMgMun FSMB 2.1 20.51 +0.03 .031 HartfrdMultifctrSC ROSC 3.3 23.93 –0.71 .1875 InvscS&P500Top50 XLG 1.6 231.67 –5.07 .8291
LoncarCancerETF CNCR ... 26.68 –0.21 ... AGFiQ US NeutrVal CHEP 3.1 14.43 –0.32 .4434 DirexHiBetaBull3X HIBL 1.7 82.03 –20.26 .4282 FT S&P REIT FRI 3.6 20.34 –0.89 .1796 HartfordMultiUSEqu ROUS 2.4 29.02 –1.15 .1576 InvscS&P500ValMom SPVM 3.0 31.89 –1.78 .226
LoncarChinaBio CHNA .1 30.70 +1.08 .0402 AlerianEnergyInfr ENFR 9.2 13.40 –1.12 .2842 DirexS&POil&GasBr2 DRIP .7 5.99 +1.11 .0027 FT TCW SecPlus DEED .8 25.60 +0.03 .0247 HartfordMuniOpps HMOP 2.5 41.97 +0.08 .0779 InvscS&PGlbWater CGW 1.7 36.51 –0.89 .6069
LongTermCareETF OLD 2.7 22.99 –0.43 .0677 AlerianMLPETF AMLP 14.9 24.29 –2.84 .75 DirexS&POil&GasBl2 GUSH 14.7 31.15 –8.33 .0091 FT TCWUnPlBd UCON 3.2 25.79 +0.04 .065 HartfordSchTax HTAB 1.9 21.64 –0.02 .0244 InvscS&PIntDvLoVl IDLV 6.3 27.59 –0.44 .191
Merlyn.AITactGrw SNUG 1.7 25.52 –0.14 .15 AllianzUSLCBf10A AZAA ... 24.71 –0.36 ... DirexSemiBear3 SOXS 6.3 5.96 +0.35 .0535 FT TechAlphaDEX FXL .2 81.83 –0.04 .0196 HartfordTRBd HTRB 3.4 41.92 –0.07 .0872 InvscS&PIntlDev IDMO 2.0 27.54 +0.02 .0977
NasdaqNexEcon BLCN .8 28.10 +0.26 .0773 AllianzUSLCBf20A AZBA ... 24.77 –0.16 ... DirexSemiBl3 SOXL .5 168.36 –12.64 .0943 FT USEquityOpp FPX .7 82.36 –0.77 .0803 HealthCareSelSect XLV 1.6 97.51 –3.24 .4248 InvscS&PIntlDevQu IDHQ 2.0 24.47 –0.30 .0772
Nasdaq7HANDL HNDL 3.7 24.01 –0.12 .1417 AltMergerArb ARB ... 24.56 +0.01 ... Direx7-10TreaBr3 TYO 1.2 7.84 –0.10 .0143 FT UltShDurMuni FUMB 1.4 20.13 –0.04 .017 High Yield HYLD 8.5 28.47 –1.52 .20 InvscS&PMC400EW EWMC 1.6 55.68 –2.78 .163
PacerCashCows HERD 2.1 22.93 –0.10 .1116 AmCentDivrsCpBd KORP 2.8 52.06 –0.13 .0866 Direx7-10TreaBull TYD .4 68.11 +0.59 .0742 FT UtilAlpha FXU 4.3 25.04 –1.25 .4587 HoyaCapHousing HOMZ 2.0 24.66 –0.91 .0263 InvscS&P400PrGrw RFG .5 145.64 –3.57 .0927
PacerEMCashCows ECOW 9.5 20.37 –0.13 .2076 AmCentDivrsMuni TAXF 2.2 52.81 +0.15 .0903 DirexScBear3 TZA 2.0 24.44 +1.77 .0832 FT ValDivFd FVD 2.8 29.48 –1.25 .2212 HullTacticalUS HTUS 1.1 22.95 –0.61 .2472 InvscS&P400PrVal RFV 3.0 48.30 –3.59 .3376
PrincipalContVal PVAL 2.1 22.07 –1.76 .1287 AmCentQulDivIn QINT 1.4 39.29 –0.39 .3401 DirexSCBull2 SMLL .9 30.73 –2.00 .1242 FT ValueLine100 FVL .8 20.54 –0.56 .0387 IQEnhCorePlusBdUS AGGP 2.6 19.93 +0.02 .0296 InvscS&PMC400Rev RWK 1.7 49.25 –3.01 .168
PrincipalHlthInnov BTEC ... 43.63 –0.89 ... AmCentStoxxUSQ QGRO .4 47.93 –0.67 .0394 DirexSCBull3 TNA .7 23.96 –2.51 .011 FT Water FIW .6 53.12 –2.20 .112 IQ50%HdgFTSEEur HFXE .0 18.22 –0.30 .0982 InvscS&PMCLowVol XMLV 3.3 40.14 –1.68 .2807
PrincIntlMulti PDEV 2.2 24.03 +2.64 .1336 AmCentSTOXXUSQual VALQ 2.9 34.84 –1.68 .2387 DirexKRBull3 KORU 1.8 11.94 +0.15 .19 FlexShSelBdFd BNDC 2.4 26.92 +0.08 .0455 IQ50%HdgFTSEIntl HFXI 2.5 19.19 –0.31 .1588 InvscS&PMCMom XMMO 1.1 57.61 –1.46 .0931
PrincplMillennials GENY .8 41.78 –1.01 .024 AmpAdvBattery BATT ... 8.88 –0.13 ... DirexTechBear3 TECS 3.3 22.62 +0.07 .1304 FlexShCurrHdDM TLDH 4.2 24.73 –0.67 .2684 IQ50%HdgFTSEJapan HFXJ .0 20.26 –0.30 .1864 InvscS&PMCQual XMHQ 1.3 50.79 –0.79 .1138
PrincipalPriceSet PSET 1.4 37.94 –0.86 .136 AmplifyBlackSwan SWAN 1.1 30.45 –0.25 .0288 DirexTechBull3 TECL .2 214.38 –3.57 .1945 FlexShCurrHdgEM TLEH 3.5 25.69 –0.16 .2295 IQ500IntlETF IQIN 2.1 23.37 –0.74 .3474 InvscS&PMCValMom XMVM 2.1 25.80 –1.28 .1143
PrincipalShrhldrYd PY 2.8 26.64 –1.81 .1371 AmpCWPEnhDiv DIVO 5.9 27.52 –0.85 .1286 DirexTransportBl3 TPOR 1.4 9.45 –0.91 .0033 FlexShDevMkxUSQu QLVD 2.1 23.77 –0.23 .1862 IQGlbAgribusSC CROP ... 29.66 –1.01 ... InvscS&P100EW EQWL 2.6 54.72 –2.61 .3295
PrincipalSustMom PMOM 1.8 27.96 –2.37 .152 AmpCrowdBureau LEND 7.4 13.18 –0.82 .9809 Direx20+TreaBr1 TYBS 1.7 13.94 –0.41 .0823 FlexShEMQualLo QLVE 2.2 22.55 –0.12 .1693 IQGlobalResources GRES 1.9 24.43 –0.54 .4702 InvscS&PSCLowVol XSLV 4.2 32.20 –1.19 .1625
PrincUSLCMulti PLC 1.6 25.25 –0.50 .1016 AmpEASITactGrw EASI .0 21.02 –0.10 .1005 Direx20+TreaBr3 TMV 1.9 50.44 –2.80 .202 FlexGlbQualRealEst GQRE 5.3 50.49 –1.61 .482 IQHedgeEventDriven QED 2.1 21.63 –0.21 .4497 InvscS&PSCMom XSMO 1.4 34.47 –1.57 .0918
PrincipalUSMega USMC 1.6 29.22 –0.89 .1468 AmplifyHiIncm YYY 11.1 14.10 –0.51 .13 Direx20+YrTrBull TMF .5 41.67 +2.10 .0993 FlexGlbUpstmNatRsc GUNR 3.5 27.13 –0.45 .1893 IQHedgeL/STracker QLS 1.6 22.59 –0.26 .3534 InvscS&PSC600EW EWSC 2.4 43.90 –2.37 .2336
PrincipalUSSCMulti PSC 1.6 25.35 –2.07 .0783 AmplifyOnlRetail XBUY .1 33.91 +0.05 .0602 DirexUtilBl3X UTSL 3.4 18.83 –2.00 .0647 FSHiYdValScored HYGV 7.5 44.80 –1.01 .2197 IQ HedMacrTrac MCRO 1.4 26.43 –0.04 .3611 InvscS&P600PrGrw RZG .9 95.08 –4.56 .1293
PrincUSS-MCMulti PSM 1.9 21.47 –1.93 .0975 AmpSeymCannabis CNBS .7 11.00 –0.63 .0771 DirexDynHedge DYHG 1.4 48.78 +0.03 .171 FlexShiBoxx5YTIPS TDTF 1.8 26.72 +0.09 .0714 IQHedgeMktNeut QMN ... 26.24 –0.13 ... InvscS&P600PrVal RZV 1.3 43.79 –3.01 .0742
ProcureSpace UFO .7 19.63 –0.88 .05 AmplifyTransData BLOK ... 20.05 –0.01 ... DirexRussUSOvInt RWUI 1.2 61.01 –2.98 .3513 FlexiBx3YDurTIPS TDTT 1.9 25.25 +0.02 .0678 IQ HedMultStra QAI 1.9 30.21 –0.16 .5878 InvscS&P600Rev RWJ 2.0 51.63 –2.54 .1908
ProShEquRising EQRR 3.1 28.39 –2.02 .1666 ArkFinInnov ARKF .0 31.18 +0.15 .3008 DirexFallKnives NIFE ... 49.70 –0.35 ... FlexShIntQualDiv IQDE 4.3 19.00 –0.21 .1734 IQLeadersGTAATrkr QGTA .0 22.53 –0.46 .1337 InvscS&PSCValMom XSVM 2.3 23.08 –1.23 .0805
ProShUltNdBio BIB ... 70.87 –2.87 ... ArmorUSEquity ARMR ... 16.95 –0.53 ... DirexFlight FLYT 1.2 51.29 –0.15 .1838 FlexShIntQuDivDyn IQDY 4.0 22.23 –0.32 .2556 IQMacKayMuniIns MMIN 2.3 27.02 +0.02 .055 InvscS&PSpin-Off CSD ... 36.62 –2.05 ...
ProShUltPrQQQ TQQQ .0 89.48 –4.44 .0313 ArrowDJGlobalYd GYLD 10.1 11.50 –0.51 .088 DirexHiGrowth HIPR .1 47.36 –1.53 .0086 FlexShIntlQualDiv IQDF 4.5 20.09 –0.25 .2296 IQMacKayMuniInter MMIT 2.5 26.18 +0.04 .0568 InvscS&PUltDiv RDIV 5.1 26.43 –1.96 .1621
ProShUltShtQQQ SQQQ 4.3 8.30 +0.30 .0652 AvantisEM AVEM 1.1 47.20 –0.51 .3486 DirexCyclODef RWCD 1.2 66.50 –1.69 .1738 FlexShMDevMktxUS TLTD 3.5 52.95 –0.89 .5699 IQMergerArbitrage MNA ... 31.27 +0.17 ... InvscSrLoan BKLN 4.7 21.22 –0.51 .0559
ProShUltShNdBtech BIS 1.8 8.25 +0.30 .0264 AvantisIntlEquity AVDE 1.2 45.99 –0.98 .3905 DirexDefOvCycl RWDC 2.5 46.34 –2.20 .3394 FlexShEM FactTilt TLTE 3.7 44.77 –0.18 .4066 IQRealReturn CPI 2.2 27.08 –0.08 .5929 InvscSolar TAN .3 34.89 –0.27 .0908
SPDRDorseyWrightFx DWFI 3.3 23.07 –0.15 .0601 AvantisIntlSCValue AVDV 1.1 43.91 –0.93 .298 DirexDevOverEM RWDE 2.3 50.12 –1.17 .4621 FlexShQualDivDef QDEF 2.9 40.73 –1.14 .3201 IQS&PHYLowVolBd HYLV 4.4 24.23 –0.34 .0906 InvscTaxMuniBd BAB 3.4 33.05 +0.27 .0918
SoFiGigEcon GIGE ... 23.60 +0.16 ... AvantisUSEquityETF AVUS 1.5 48.25 –1.86 .1831 DirexEmOvDevMk RWED 3.0 47.53 –0.09 .2955 FlexShQualDivDyn QDYN 4.0 40.78 –1.22 .357 IQ US RealEstSC ROOF 6.8 17.58 –0.88 .2189 InvscTotalRetBd GTO 2.3 57.19 –0.04 .1311
TigerChinaUS TTTN ... 34.90 –0.69 ... AvantisUSSCValue AVUV 1.6 38.36 –2.46 .1371 DirexMSCILvL ESNG 1.4 49.63 –1.07 .185 FlexShQualityDiv QDF 3.0 41.05 –1.27 .3304 IQ UltShrtDur ULTR 2.1 49.45 +0.01 .0639 InvscTreaCollat CLTL 1.7 105.82 –0.05 .0503
VanEckBiotech BBH .3 161.04 –3.85 .4724 AwareUltShDur AWTM 2.6 49.14 +0.01 .084 DirexNasd100EW QQQE .7 57.86 –1.52 .089 FlexShReadyAcc RAVI 2.1 76.24 +0.02 .0985 IdeaNextVeh EKAR 1.2 21.66 –0.32 .2499 InvscUltShtDur GSY 2.3 50.44 –0.02 .0632
VanEckFallAnglHYBd ANGL 5.3 28.43 –0.56 .1318 BNYMellonCoreBd BKAG 2.0 50.53 +0.02 .086 DirexRsLgOvSC RWLS 1.3 63.23 –2.33 .4279 FlexShSTOXXGlb NFRA 2.4 46.90 –1.23 .2592 iMDBiHedgeStrat DBEH .2 25.01 –0.16 .0183 InvscVRDOTaxFrWk PVI .8 24.96 +0.02 .0022
VanEckGaming BJK 3.8 32.77 –2.46 1.2308 BNYMellonEM BKEM ... 56.94 +0.07 ... DirexRs1000GrOvVal RWGV .4 80.26 –0.92 .1342 FlexShUSQualLo QLV 1.2 38.54 –0.92 .1184 iMDBiMgdFut DBMF .5 24.51 +0.04 .0174 InvscVarRtPfd VRP 5.0 23.41 –0.35 .0876
VanEckPharm PPH 1.8 61.50 –1.49 .3374 BNYMellonHYBeta BKHY 7.3 52.25 –1.00 .3176 DirexRs1000ValOvGr RWVG 2.6 39.83 –2.75 .3281 FrankFTSEAsiaxJpn FLAX 2.1 21.33 +0.06 .0758 ImpactNAACPMinrty NACP 1.1 22.61 –0.57 .0447 InvscWildClnEngy PBW 1.3 37.57 –1.16 .045
VanEckRetail RTH .8 129.24 –2.19 1.0901 BNYMellonIntl BKIE ... 56.46 –0.53 ... DirexRsSmOvLC RWSL 1.1 42.80 –1.80 .1842 FrankFTSEAustralia FLAU 3.5 21.94 –0.44 .3217 ImpactSustain SDGA .7 19.72 –0.48 .0858 InvscZacksMC CZA 1.8 59.25 –2.50 1.0741
VanEckSemiconduc SMH ... 147.67 –3.12 ... BNYM ShDurCpBd BKSB 1.9 51.40 ... .0831 DirexS&P500HiMin QMJ 1.5 47.70 –1.32 .2009 FrankFTSEBrazil FLBR 5.1 17.41 –0.86 .2607 ImpactShsYWCAWomen WOMN 1.2 22.20 –0.60 .0572 InvscZacksMltIncm CVY 4.4 15.95 –1.04 .1404
VanEckVideoGam ESPO .2 51.51 +0.55 .0834 BNYM LC Core BKLC ... 57.06 –1.65 ... DirexWorkFrHome WFH ... 50.34 ... ... FrankFTSECanada FLCA 2.8 22.49 –0.53 .2588 IndSelSectorSPDR XLI 2.3 66.14 –3.09 .3063 iPathBloomCocoaTR NIB ... 27.12 +0.38 ...
VangdEM GovBd VWOB 4.8 77.39 –0.11 .3023 BNYM US MC Core BKMC ... 59.35 –2.34 ... DirexZacksMLPHiIn ZMLP 20.7 53.99 –7.61 2.40 FrankFTSEChina FLCH 2.0 25.50 +0.05 .0422 InfraCapMLP AMZA 16.7 17.22 –3.14 .24 iPathBloomCommTR DJP ... 16.95 –0.49 ...
VangdGlblxUS RE VNQI 9.6 46.73 –1.18 3.6471 BNYM US SC Core BKSE ... 60.25 –2.32 ... DistillUSFundSt DSTL 1.0 29.47 –0.93 .2972 FrankFTSEEurope FLEE 2.8 21.66 –0.21 .1977 InfraCapREITPfd PFFR 6.9 20.81 –0.47 .12 iPathBloomLeadTR LD ... 37.22 +0.01 ...
VangdIntrCorpBd VCIT 3.1 94.68 –0.44 .2272 BarclaysETN FI Enh FLEU ... 104.22 –2.35 ... EmgqEM Internet EMQQ 1.0 46.51 +0.90 .4549 FrankFTSEEurHdg FLEH 6.1 21.60 –0.31 .1466 InfusiveComp JOYY ... 25.98 –0.60 ... iPathGSCI nts GSP ... 8.40 –0.40 ...
VangdIntermTrmTrea VGIT 1.9 70.56 +0.14 .0947 BarclaysFIEnhEur50 FFEU ... 72.14 –1.80 ... ETFMGAltHarvest MJ 7.6 12.82 –0.69 .28 FrankFTSEFrance FLFR 2.1 22.24 –0.02 .1706 InnovNextProto KOIN 1.6 29.33 –0.18 .466 iPathGoldETN GBUG ... 29.70 +0.53 ...
VangdIntlDivApp VIGI 1.8 66.78 –0.51 .299 BarclaysETN HY FIYY ... 76.88 –5.45 ... ETFMG PrimeCyber HACK 1.5 43.67 –0.97 .02 FrankFTSEGermany FLGR 1.6 20.62 –0.16 .2426 InnovIBDBreakout BOUT ... 21.78 –0.13 ... iPathPBBroadCmod BCM ... 24.57 –0.17 ...
VangdIntlHiDiv VYMI 4.0 50.93 –1.31 .5169 Barrons400ETF BFOR .8 37.81 –1.41 .295 ETFMGPrmJrSilv SILJ 1.6 11.28 +0.62 .17 FrankFTSE HK FLHK 2.9 22.76 +0.42 .252 InnovIBDLdrs LDRS ... 20.02 +0.01 ... iPathPBCrudeOil OLEM ... 11.75 –0.41 ...
VangdLTCorpBd VCLT 3.6 105.50 –0.32 .3082 BlkRkUSEqRotat DYNF 1.7 25.39 –0.93 .0998 ETFMG PrimeMob IPAY .0 48.00 –1.54 .015 FrankFTSEIndia FLIN .8 19.45 +0.50 .1211 InnovatorIBD50 FFTY ... 33.70 –0.45 ... iPathBlmAgricult JJA ... 37.41 –1.19 ...
VangdLong-TermTrea VGLT 2.0 100.87 +1.70 .1552 BlueStarIsrael ITEQ .0 46.68 –1.14 .01 ETFMGSitUltra VALT 1.9 49.55 –0.11 .0886 FrankFTSEItaly FLIY 3.1 19.98 –0.22 .401 InnovLoupFrontier LOUP ... 30.00 –0.41 ... iPathBlmAlum JJU ... 35.00 +0.06 ...
VangdMBS VMBS 2.4 54.41 +0.07 .0947 BrandValueETF BVAL 1.4 15.05 –0.70 .2089 ETFMG TravelTech AWAY ... 18.16 –0.79 ... FrankFTSEJapan FLJP 2.1 24.50 –0.23 .2111 InnovEAFEPwrJan IJAN ... 23.29 –0.05 ... iPathBlmCoffee JO ... 29.76 +0.01 ...
VangdRuss1000 VONE 1.9 137.91 –4.63 .5944 BreakwDryBulk BDRY ... 7.61 +0.34 ... ETFMG Treat GERM ... 27.80 +1.87 ... FrankFTSEJapanHdg FLJH ... 23.98 –0.14 ... InnovEAFEPwrJul IJUL .0 22.64 –0.07 .2347 iPathBlmCopper JJC ... 40.90 +0.12 ...
VangdRuss1000Grw VONG 1.0 192.09 –3.86 .4479 CP HY Trend HYTR 2.2 22.98 –0.31 .0104 ETRACS Alerian MLP AMU 13.4 8.18 –0.98 .2293 FrankFTSELatAm FLLA 3.4 17.96 –0.86 .1624 InnovEMPwrJan EJAN ... 25.53 –0.02 ... iPathBlmCotton BAL ... 35.23 –0.20 ...
VangdRuss1000Val VONV 3.0 95.96 –4.73 .6418 CTracksETN2026 MLPE 14.6 11.14 –1.39 .4162 ETRACSAlerianMLP AMUB 13.3 8.22 –0.96 .2293 FrankFTSEMexico FLMX 3.1 15.82 –0.75 .1299 InnovEMPwrJuly EJUL ... 24.91 –0.02 ... iPathBlmEnergy JJE ... 23.62 –1.05 ...
VangdRuss3000 VTHR 1.8 135.75 –4.73 .571 CTrksETNsMillerHwd MLPC 14.4 7.32 –0.94 .2696 ETRACSAlernMLPInfr MLPB 14.0 11.26 –1.29 .3963 FrankFTSERussia FLRU ... 23.22 –0.09 ... InspireCpBdImp IBD 2.2 26.20 –0.13 .0423 iPathBlmGrains JJG ... 38.00 –1.83 ...
VangdRuss2000 VTWO 1.5 110.46 –3.39 .3279 CannabisETF THCX 14.1 9.50 –0.65 .25 EtracsAlerMidstr AMNA ... 23.11 ... ... FrankFTSESaudiAr FLSA 3.3 22.85 –0.21 .3941 InspireGlblHope BLES 2.6 25.53 –0.95 .1616 iPathBlmIndMet JJM ... 39.54 +0.23 ...
VangdRuss2000Grw VTWG .8 145.03 –3.37 .1965 ChgFinUSLCFoss CHGX .9 22.40 –0.58 .2009 ETRACSBloomETN DJCB ... 11.64 –0.27 ... FrankFTSESAfrica FLZA 14.8 18.36 –0.02 .3909 InspireIntlESGETF WWJD .8 23.23 –0.67 .0953 iPathBlmLivestk COW ... 29.89 –0.71 ...
VangdRuss2000Val VTWV 2.3 80.87 –3.75 .4033 Velocity4xAUDUSD UAUD ... 13.87 +0.09 ... S&P2xDivAristoETN SDYL 8.4 63.13 –6.08 .3636 FrankFTSE SKorea FLKR 2.0 20.20 +0.21 .4017 Inspire100ETF BIBL 1.4 29.42 –1.06 .0918 iPathBBloomNatGas GAZ ... 14.12 –1.76 ...
VangdSTCpBd VCSH 2.7 82.57 +0.08 .1738 Velocity4XCHFUSD UCHF ... 21.17 +0.37 ... EtracsM1.5XLevCEF CEFD ... 24.31 –0.58 ... FrankFTSESwitz FLSW 2.5 26.62 –0.37 .6406 InspireS/MC Impact ISMD 1.4 21.54 –0.99 .0829 iPathBlmNickel JJN ... 50.43 –0.37 ...
VangdShtTmInfltn VTIP 1.9 50.11 –0.03 .3514 Velocity4XEURUSD UEUR ... 15.32 +0.20 ... ETRACSMonthPay2x SMHB 54.0 4.74 –0.65 .0458 FrankFTSETaiwan FLTW 3.1 28.12 +0.18 .0189 InvscActvUSRlEst PSR 3.7 78.20 –3.90 .6436 iPathBlmPlatinum PGM ... 39.26 –1.19 ...
VangdShortTermTrea VGSH 1.9 62.19 +0.02 .0616 Velocity4XGBPUSD UGBP ... 14.10 –0.08 ... ETRACS2xLvHiDiv HDLB 22.6 9.89 –1.22 .1475 FrankFTSE UK FLGB 4.6 19.14 –0.32 .3186 InvscAero&Def PPA 1.6 53.52 –3.77 .112 iPathBlmPrecMet JJP ... 60.86 +0.86 ...
VangdTotalBd BND 2.5 88.19 +0.19 .1687 Velocity4XJPYUSD UJPY ... 23.32 –0.34 ... ETRACS 2xLvWF LMLB 39.7 7.28 –0.95 .2825 FrankIntMunOpp FLMI 2.3 25.28 +0.03 .0409 InvscCA AMT-Fr PWZ 2.5 27.27 –0.08 .0542 iPathBlmSofts JJS ... 34.03 –0.69 ...
VangdTotalCpBd VTC 3.2 91.30 –0.17 .22 Velocity4xUSDAUD DAUD ... 30.86 –0.29 ... ETRACSNYSEPick PYPE 12.9 13.06 –1.43 .4272 FrankInvGradeCp FLCO 3.2 26.49 –0.08 .0673 InvscCEFIncmComp PCEF 8.7 19.55 –0.53 .1419 iPathBlmSugar SGG ... 36.15 –2.39 ...
VangdTotIntlBd BNDX 3.3 57.72 +0.08 .0475 Velocity4XUSDCHF DCHF ... 24.33 –0.46 ... EtracsQ1.5XLevWf BDCX ... 23.41 –1.51 ... FrankMuniBd FLMB 2.3 26.68 ... .0483 InvscChinaTech CQQQ .0 63.19 +1.53 .0052 iPathShillerCape CAPE ... 137.73 –5.22 ...
VangdTotIntlStk VXUS 2.6 48.87 –0.55 .2521 Velocity4XUSDEUR DEUR ... 33.98 –0.52 ... EtracsQ1.5XLevAl MLPR ... 20.75 –4.65 ... FrankShtDurUSGovt FTSD 2.3 95.83 +0.11 .1057 InvscCleantech PZD .5 47.44 –1.13 .0798 iPathSilverETN SBUG ... 25.57 +0.13 ...
VangdTotWorldBd BNDW 2.9 81.44 +0.14 .1096 Velocity4XUSDGBP DGBP ... 31.42 +0.14 ... ETRACS2xMLvWF BDCY 59.4 6.88 –0.52 .8541 FrankUSCoreBd FLCB 2.2 26.27 +0.03 .0571 InvscCurrShAUD FXA .1 68.49 +0.19 .0058 iShAAA-ARtdCorpBd QLTA 2.7 57.47 –0.12 .1165
Velocity3xLgSilver USLV ... 65.19 +0.17 ... Velocity4XUSDJPY DJPY ... 21.73 +0.28 ... ETRACS2xM092548 PFFL 15.4 16.19 –0.51 .2316 FrankUSLowVol FLLV 1.5 35.38 –0.99 .0823 InvscCurrShGBP FXB ... 119.45 –0.24 ... iShA/PDividend DVYA 5.3 32.99 –1.04 .186
VS2xVIXShortTerm TVIX ... 152.67 –3.16 ... CitigrCTracksETN DIVC ... 26.09 –2.14 ... ETRACSUBSBloomberg UCIB ... 11.98 –0.21 ... FrankUSTreaBd FLGV ... 25.30 +0.13 ... InvscCurrShCAD FXC .6 72.09 –0.35 .0559 iShAgencyBond AGZ 1.9 120.97 +0.09 .1415
VSInvVIXMedTerm ZIV ... 26.73 –0.94 ... ClearSharesOCIO OCIO 6.2 26.54 –0.43 .077 ETRACSWFBusDev BDCZ 12.6 13.67 –0.48 .4474 FranklinLibEM FLQE 6.2 24.85 –0.14 .043 InvscCurrShEuro FXE ... 105.93 +0.35 ... iShCMBSETF CMBS 2.6 54.64 –0.08 .1116
VSVIXShortTerm VIIX ... 79.59 +1.69 ... ClearUltShMat OPER 1.9 100.10 –0.02 .03 E-TRACS CMCI UCI ... 11.98 –0.21 ... FranklinLibQGlbDiv FLQD 3.5 25.94 –0.68 .1378 InvscCurrShJPY FXY ... 88.35 –0.33 ... iShGovt/CreditBond GBF 2.3 124.96 +0.28 .1944
VicShDevEnhVol CIZ 2.1 26.73 –0.11 .0267 ColumbiaDivFixed DIAL 3.0 21.12 –0.10 .0455 E-TRACS Food FUD ... 13.75 –0.44 ... FranklinGlbEquity FLQG 3.3 30.26 –0.51 .4263 InvscCurrShCHF FXF ... 96.76 +0.45 ... iSh10-20YTreasBd TLH 1.8 168.10 +1.91 .1904
VicShDivAccel VSDA 1.6 32.16 –1.08 .0727 ColumbiaEMCoreXCh XCEM 2.6 22.42 –0.11 .5874 E-TRACS Gold UBG ... 44.64 +1.28 ... FranklinIntlEquity FLQH 7.7 23.71 –0.33 .91 InvscDBComm DBC 2.1 12.05 –0.28 .2538 iSh0-5YTIPSBd STIP 1.9 102.22 –0.08 .2854
VicShEMHiDivVol CEY 5.0 19.67 –0.24 .077 ColumbiaEMConsumer ECON ... 22.84 +0.03 ... E-TRACS Silvr USV ... 22.40 +0.63 ... GS ConnS&PGSCI GSC ... 14.43 +0.73 ... InvscDBAgriFd DBA 2.0 13.16 –0.33 .2572 iShBloomRollSel CMDY ... 37.65 –0.56 ...
VicShEMVolWtd CEZ 2.5 22.16 –0.08 .0504 ColumbiaIndiaCnsmr INCO .3 37.22 +1.23 .12 ElemntsRogrAgri RJA ... 4.80 –0.14 ... GadsdenDynMult GDMA 1.3 25.98 +0.07 .0319 InvscDBBaseMet DBB 2.0 13.53 +0.08 .2725 iShCalifMuniBd CMF 2.0 62.16 +0.03 .0986
VicShIntlHiDivVol CID 4.0 25.01 –0.36 .08 ColumbiaMultMun MUST 2.5 21.77 +0.11 .0441 ElemntsRogrEngy RJN ... 1.35 –0.07 ... GlbBetaSmartIncm GBDV 5.9 14.29 –0.79 .19 InvscDBEnerFd DBE 2.9 9.06 –0.34 .2623 iShAggrAllocation AOA 2.2 54.01 –0.88 .1621
VicShIntlVolWtd CIL 2.2 34.42 –0.27 .0791 ColumbiaResEnhVal REVS .8 17.54 –0.81 .1449 ElemntsRogrMtls RJZ ... 8.15 +0.05 ... GlbXAdaptiveUS AUSF 4.6 20.50 –0.97 .175 InvscDBG10Curr DBV 1.5 23.23 –0.34 .3445 iShConsAllocat AOK 2.6 36.15 –0.21 .0474
VicShUSDiscEnhVol CSF 1.3 37.52 –1.08 .0553 ColumbiaSustIntl ESGN 3.2 21.19 –0.61 .2368 ElemntsRogrTr RJI ... 3.89 –0.11 ... GlbXCopperMiners COPX 1.6 17.05 +0.46 .0546 InvscDBGoldFd DGL ... 52.79 +0.94 ... iShCoreDivGrowth DGRO 2.7 36.57 –1.25 .2488
VicShUSEQIncmEnh CDC 3.2 45.35 –1.83 .1556 ColumbiaSustUSEqu ESGS 3.2 23.61 –1.56 .1947 ElemntsBiofuels FUE ... 5.26 ... ... GlbX EM Bd EMBD ... 25.95 +0.04 ... InvscDBOilFund DBO ... 6.84 –0.18 ... iShCore5-10YUSDBd IMTB 2.7 52.20 –0.05 .1002
VicShUS500EnhVol CFO 1.3 51.01 –0.98 .0464 CommSvsSPDR XLC .9 52.47 –3.07 .1116 ElemntsGrain GRU ... 2.52 –0.14 ... GlbXFTSENordReg GXF 2.5 21.46 ... .0185 InvscDBPrecMetls DBP 1.1 47.17 +0.52 .5253 iShGrwthAllocation AOR 2.3 45.83 –0.55 .1857
VicShUS500Vol CFA 1.6 49.01 –1.77 .0906 CnsmrDiscSelSector XLY 1.2 123.75 –3.63 .296 EnSelectSectorSPDR XLE 6.1 36.51 –3.06 .501 GlbX FTSE SE Asia ASEA 3.2 12.50 –0.16 .1565 InvscDBSilverFd DBS ... 26.01 –0.03 ... iShCoreHiDividend HDV 4.3 78.86 –3.37 .8795
VicShUSLCHiDivVol CDL 4.3 38.20 –1.99 .1771 CnsStapleSelSector XLP 2.8 57.13 –2.49 .4608 ER Entrepreneur30 ENTR .1 20.56 –0.63 .0144 GlbXFertilizersPot SOIL 1.5 7.00 –0.37 .0244 InvscDBUSDBear UDN ... 20.25 +0.04 ... iShCoreMSCIEM IEMG 2.8 47.62 +0.03 .4364
VicShUSMultMin VSMV 2.3 29.88 –0.80 .0664 CoreAlternative CCOR 1.5 27.75 –0.34 .14 ERNonUSSC ERSX 1.6 16.65 –0.16 .2688 GlbX GoldExplorers GOEX 1.4 30.66 +1.69 .4134 InvscDBUSDBull UUP 2.0 26.35 –0.03 .5261 iShCoreMSCIEurope IEUR 2.3 42.30 –0.41 .5947
VicShUSSCHiDiv CSB 4.6 34.87 –1.28 .1827 CSFIEnhEur50ETN FEUL ... 69.01 –1.66 ... EthoClimateLeader ETHO .9 39.85 –1.16 .11 GlbX GuruIndex GURU .4 33.34 –1.67 .061 InvscDefEquity DEF 1.3 50.09 –1.25 .6475 iShMSCIIntlDev IDEV 2.7 50.65 –0.61 .5734
VicShUSSCVolWtd CSA 1.6 38.03 –1.26 .0798 CS FI LC Grwth FLGE ... 340.04 –11.41 ... FIEnhEurope50ETN FIEE ... 122.17 –2.86 ... GlbXLithium&Batt LIT 1.6 31.24 –0.09 .2818 InvscDJIADiv DJD 3.5 32.78 –1.76 .3133 iShCoreMSCIPacific IPAC 3.3 52.86 –0.49 .5823
VS3XInvrsGold DGLD ... 15.28 –0.79 ... CS S&P MLP MLPO 12.5 7.78 –2.52 .2428 FidelityCorpBd FCOR 2.8 55.44 –0.15 .123 GlbX MLP&Energy MLPX 9.2 23.96 –2.15 .5405 InvscDynBiotech PBE .1 56.27 –1.10 .029 iShModAllocation AOM 2.4 39.56 –0.33 .1888
VS 3X INV SILVER DSLV ... 9.68 –0.14 ... CSX Mthly2xLvMtg REML .7 3.48 –0.24 .0247 FidelityDivRising FDRR 3.5 29.86 –0.97 .234 GlbX MLP MLPA 15.4 26.75 –3.33 .90 InvscDynBuilding PKB .5 28.83 –1.20 .0437 iShCoreS&P500 IVV 2.0 301.14 –8.58 1.2609
VS 3X GOLD UGLD ... 200.60 +9.11 ... DBGoldDoubleLg DGP ... 41.17 +1.54 ... FidelityHiDiv FDVV 4.3 26.33 –0.99 .244 GlbXMSCIArgentina ARGT 1.3 23.88 –0.01 .0778 InvscDynEnerExpl PXE 3.3 9.01 –1.31 .0892 iShCoreS&P MC IJH 1.9 171.35 –6.51 .6493
WahedFTSEUSAShar HLAL 1.4 25.95 –0.64 .006 DBGoldDoubleShrt DZZ ... 3.47 –0.12 ... FidelityHYFactor FDHY 4.6 51.91 –0.53 .205 GlbXMSCIChinaCm CHIC .5 25.15 +0.15 .0499 InvscDynFood&Bev PBJ 1.4 30.32 –0.72 .1072 iShCoreS&P SC IJR 1.8 64.64 –2.53 .2349
WstAstShrtDur WINC 4.3 25.05 –0.01 .055 DBGoldShortETN DGZ ... 10.59 –0.18 ... FidelityIntlHiDiv FIDI 4.3 16.01 –0.41 .059 GlXMSCIChinaCnsDisc CHIQ .9 20.98 –0.26 .0514 InvscDynLCGrw PWB .4 53.30 –0.81 .0536 iShS&PTotlUSStkMkt ITOT 1.8 67.47 –1.95 .2755
WstAstTR WBND 3.0 28.04 –0.01 .0737 DayHaganNedRes SSUS ... 23.28 –0.77 ... FidelityIntlValue FIVA 2.9 18.43 –0.25 .115 GlbXMSCIChCS CHIS .9 24.75 +0.27 .601 InvscDynLCValue PWV 2.9 32.60 –1.64 .2535 iShCore10+YUSDBd ILTB 3.1 74.98 +0.48 .1877
WisdTrChinaxSOE CXSE .9 95.64 +0.76 .41 DefianceNextGen FIVG 1.1 26.51 –0.66 .0987 FidelityLtdTermBd FLTB 2.4 52.24 –0.12 .057 GlbXMSCIChinaEner CHIE 5.9 8.04 –0.23 .2881 InvscDynLeisure PEJ .7 28.26 –1.86 .0182 iShCoreUSAggBd AGG 2.5 118.01 +0.21 .2136
WisdTrEM CpBd EMCB 4.2 72.10 ... .26 DefianceQuantum QTUM .6 30.10 –0.46 .0709 FidelityLowVol FDLO 1.7 35.58 –0.81 .143 GlbXMSCIChinaFinl CHIX 4.5 13.93 +0.04 .4514 InvscDynMarket PWC 1.5 85.67 –2.44 .4593 iShCoreUS REIT USRT 4.2 42.31 –1.54 .329
WisdTrEMQualDivGrw DGRE 2.6 22.73 –0.22 .175 DeltaShS&P500Mgd DMRL 1.3 56.98 –0.88 .0534 FidelityCommSvs FCOM .9 34.17 –1.91 .081 GlbXMSCIChinaHC CHIH .3 23.50 +0.79 .1088 InvscDynMedia PBS .5 31.38 –1.01 .0406 iShCurrHdgNikk400 HJPX 1.3 28.10 –0.22 .3679
M24 BARRON’S June 29, 2020

Exchange-Traded Portfolios
Tick Div Tick Div Tick Div Tick Div Tick Div Tick Div
Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt.
iShCurHdgMSCIUS HAWX 1.8 25.67 –0.18 .4535 iShRussell2000 IWM 1.5 136.67 –4.32 .4658 PGIMUltraShBd PULS 2.7 49.78 +0.04 .0749 ProShUltMC400 MZZ .7 12.82 +0.84 .0143 SPFdsS&P500Sharia SPUS .7 20.27 –0.59 .0266 VangdFTSE Europe VGK 2.5 49.78 –0.83 .3467
iShCurrHdgMSCIAus HAUD .0 23.09 –0.40 .5611 iShRussell2000Val IWN 2.4 92.33 –3.89 .4334 PIMCO25+YrZeroCoup ZROZ 1.4 175.27 +4.91 .85 ProShrUSOilGas DUG .3 44.49 +5.19 .0289 SageESG InterCred GUDB 2.4 52.11 –0.10 .0901 VangdFTSE Pac VPL 2.5 63.83 –0.69 .2311
iShCurrHdgMSCICda HEWC 1.2 24.57 –0.47 .2321 iShRussell3000 IWV 1.7 174.88 –5.00 .5991 PIMCO ActiveBd BOND 3.1 111.51 +0.26 .24 ProShUltShtQQQ QID 2.5 13.48 +0.35 .0654 SchwabEM Equity SCHE 3.5 24.34 –0.14 .1075 VangdFinls VFH 3.1 55.48 –3.60 .4095
iShCurHdgMSCIEAFE HSCZ 2.3 27.17 –0.38 .4522 iShMicro-CapETF IWC 1.4 83.77 –1.64 .2219 PIMCOBrdUSTIPSIdx TIPZ 2.1 63.27 +0.34 .15 ProShrUSRlEst SRS 1.1 16.96 +1.26 .0237 Schwab5-10YCpBd SCHI 2.3 52.06 –0.18 .0923 VangdFTSEAWxUS VEU 2.7 47.34 –0.55 .2538
iShCurHdMSCIEurozn HEZU .4 27.77 –0.19 .7588 iShRussellMid-Cap IWR 1.7 52.06 –1.74 .1633 PIMCOEnhLowDur LDUR 3.0 101.66 +0.11 .18 ProShUltShRus2000 TWM .9 11.39 +0.59 .0207 SchwabFundEmgLrg FNDE 4.2 23.46 –0.40 .145 VangdGrowth VUG .9 195.81 –4.44 .4189
iShCurHdgMSCIItaly HEWI .0 15.14 –0.18 .1934 iShRussellMCValue IWS 2.7 74.00 –3.17 .3585 PIMCOEnhShMaturESG EMNT 1.8 100.67 +0.13 .15 ProShUltShtS&P500 SDS 1.4 20.54 +1.01 .0569 SchwabFundIntLrgCo FNDF 3.8 23.49 –0.53 .1981 VangdHlthCr VHT 1.4 188.02 –5.45 .7556
iShCurrHdMSCIJapan HEWJ 1.3 30.79 –0.18 .3945 iShRussellTop200Gr IWY .9 103.64 –1.79 .1956 PIMCOEnhShMaturity MINT 2.3 101.64 +0.09 .12 ProShrUSSemi SSG 1.2 7.60 +0.35 .0118 SchwabFundIntlSmCo FNDC 3.2 27.38 –0.56 .1246 VangdHiDiv VYM 3.9 76.63 –3.87 .8368
iShCurHdgMSCIMex HEWW 1.6 13.85 –0.38 .2206 iShRussellTop200 IWL 1.7 71.99 –1.91 .2762 PIMCO15+USTIPSIdx LTPZ 2.0 83.99 +1.51 .17 ProShUltShtSilver ZSL ... 20.81 –0.21 ... SchwabFundUSBrd FNDB 2.7 34.98 –1.68 .2136 VangdIndls VIS 2.0 125.10 –5.37 .5043
iShCurrHdgMSCISK HEWY .0 20.83 –0.13 .0163 iShRussellTop200Vl IWX 2.8 47.52 –2.08 .3077 PIMCOIntermMuniBd MUNI 2.2 55.79 +0.09 .095 ProShUlShtSC600 SDD .4 11.31 +0.75 .0142 SchwabFundUSLrgCo FNDX 2.8 35.70 –1.63 .2471 VangdIntermBd BIV 2.5 92.94 –0.01 .1778
iShCurHdgMSCISpain HEWP .0 17.22 –0.30 .3186 iShS&P100 OEF 1.8 138.39 –3.51 .5411 PIMCOInvGrdCorpBd CORP 3.1 113.56 –0.12 .29 ProShrUSTech REW 1.5 6.80 +0.12 .0097 SchwabFundUSSmCo FNDA 1.8 30.26 –1.58 .124 VangdLC VV 1.9 138.96 –4.68 .6249
iShCurHdgMSCISwitz HEWL .0 29.66 –0.50 .5962 iShS&PMC400Growth IJK 1.1 217.37 –5.50 .4021 PIMCO1-5USTIPSIdx STPZ 2.3 53.13 –0.03 .14 ProShUltraSh20+ TBT 2.3 15.64 –0.58 .0003 SchwabIntmUSTrsr SCHR 2.0 58.79 +0.13 .0862 VangdLT Bond BLV 3.0 111.46 +0.68 .2771
iShCurrHdgMSCIUK HEWU 2.1 20.04 –0.32 .4212 iShS&P500Growth IVW 1.1 201.36 –4.52 .4679 PIMCO DynMultEM MFEM 2.1 20.70 –0.03 .07 ProShrUSUtil SDP .5 13.10 +0.82 .0118 SchwabIntEquity SCHF 3.3 29.50 –0.54 .2385 VangdMegaCap MGC 1.8 106.10 –3.53 .4634
iShCybersecurity IHAK .5 30.57 –0.51 .1106 iShGlobalEnergyETF IXC 5.7 19.07 –0.99 .3913 PIMCO DynMultIn MFDX 2.4 22.53 –0.32 .11 ProShUltShtYen YCS ... 73.50 +0.53 ... SchwabIntlSC SCHC 3.3 29.26 –0.35 .9543 VangdMegaGrwth MGK .8 158.63 –3.05 .2969
iShUSBasicMaterial IYM 2.2 86.13 –1.93 .41 iShGlobalHealthcr IXJ 1.5 67.74 –1.50 .534 PIMCO DynMultUS MFUS 1.9 26.87 –0.98 .17 ProShsVIXMTFut VIXM ... 43.29 +1.06 ... SchwabLTUSTrea SCHQ 1.5 57.39 +0.98 .0873 VangdMegaVal MGV 3.1 71.16 –3.37 .5262
iShUSConsumerSvcs IYC 1.0 212.85 –7.51 .339 iShGlobalTechETF IXN .9 229.32 –0.77 .9623 PIMCO RAFI ESG US RAFE 2.0 20.76 –0.81 .19 ProShsVIXSTFut VIXY ... 30.77 +0.53 ... Schwab1-5YCpBd SCHJ 1.8 51.29 +0.06 .0588 VangdMC VO 1.8 158.96 –5.90 .6603
iShUSConsumerGoods IYK 2.1 123.28 –4.55 .4437 iShGloblFinancials IXG 3.1 51.16 –1.69 .784 PIMCOShrtTrmMuniBd SMMU 1.6 51.09 +0.07 .06 Qraft AI US Hi Div HDIV 3.6 21.97 –0.93 .1959 Schwab1000Index SCHK 2.0 29.51 –0.94 .1242 VangdMCGrowth VOT .8 160.94 –3.89 .3249
iShUSFinlServices IYG 2.1 116.22 –6.68 .368 iShS&P500Value IVE 2.8 105.22 –4.12 .6284 PIMCO0-5YrHiYdCorp HYS 5.3 91.34 –1.24 .40 QRAFT AI US LC QRFT .4 29.15 –0.65 .9867 SchwabSrtTRmUSTrsr SCHO 1.9 51.61 +0.01 .0605 VangdMC Val VOE 3.0 92.23 –4.88 .6496
iShUSHealthcare IYH 1.2 210.42 –5.36 .6033 iShIntlDevProperty WPS 7.9 30.29 –0.80 .2364 PPTYUSDivrsRealEst PPTY 4.4 25.58 –0.91 .3008 QRAFTAIUSLCMom AMOM .2 28.92 –0.37 .443 SchwabUS AggrBd SCHZ 2.6 56.17 +0.12 .1121 VangdRealEst VNQ 4.1 76.14 –3.95 .7586
iShUSRealEstate IYR 3.5 76.49 –3.26 .5335 iShGlobalConsDiscr RXI 1.1 116.46 –2.19 .5235 PacerAmEnIndepend USAI 20.0 15.14 –1.23 .144 QuadIntRtVol IVOL 3.3 27.14 –0.02 .081 SchwabUS BrdMkt SCHB 2.0 71.26 –2.44 .2961 VangdS&P500ETF VOO 1.9 277.11 –7.86 1.178
iShUSUtilities IDU 3.2 136.73 –4.62 1.0591 iShGlobalUtilities JXI 3.0 52.23 –1.31 .5851 PacerData&Infr SRVR 1.7 34.69 –1.27 .1264 RoboGlbAI THNQ ... 28.73 +0.16 ... SchwabUS Div SCHD 3.7 50.03 –2.91 .442 VangdS&P500 Grw VOOG 1.2 181.41 –4.64 .5572
iShUS Energy IYE 5.4 19.28 –1.42 .2198 iShGlobalMaterials MXI 1.9 61.00 –0.79 .3981 PacerIndRealEst INDS 2.0 31.03 –1.11 .0728 RoboGlbHlthTch HTEC ... 29.91 –0.58 ... SchwabUS LC SCHX 2.0 71.97 –2.39 .2999 VangdS&P500Val VOOV 2.8 101.61 –4.91 .8301
iShUS Finls IYF 2.2 107.16 –5.32 .4751 iShGloblIndustrial EXI 1.6 81.29 –2.22 .7514 PacerCFRAStovall SZNE 1.7 25.21 –1.01 .0447 RoboGlblRobotics ROBO .4 42.48 –0.43 .1558 SchwabUS LC Grw SCHG .7 98.64 –2.10 .1617 VangdS&PMC400 IVOO 1.8 116.05 –4.83 .482
iShUSHealthcarePrv IHF .7 186.90 –5.64 .1738 iShrsSP GSCI Cmdty GSG ... 10.04 –0.31 ... PacerFTSECnA50 AFTY 4.5 16.62 +0.17 .752 RPAR RiskParity RPAR .7 21.11 +0.07 .0188 SchwabUS LC Val SCHV 3.7 48.63 –2.41 .3562 VangdS&P400Grwth IVOG 1.3 134.70 –3.60 1.7219
iShUSInsurance IAK 2.6 52.98 –2.72 .2195 iShS&PMC400Value IJJ 2.5 127.47 –6.65 .5969 PacerLuntLCAlt ALTL ... 23.24 ... ... RealEstSectorSPDR XLRE 3.4 33.73 –1.62 .2704 SchwabUS MC SCHM 1.8 50.98 –1.98 .1677 VangdS&P400Val IVOV 2.3 98.50 –5.07 2.2747
iShUSOilEquip&Svcs IEZ 4.8 8.21 –0.79 .0336 iShS&PSC600Value IJS 2.3 113.69 –5.16 .5291 PacerLuntLCMultAlt PALC ... 24.14 ... ... RealityDIVS DIVY 1.7 21.61 +0.31 .5954 SchwabUS REIT SCHH 3.6 34.19 –1.68 .2315 VangdS&P600 VIOO 1.8 118.51 –4.64 2.0859
iShUSPharmaceuticl IHE 1.4 151.12 –3.17 .3139 iShGlblConStaples KXI 2.3 50.98 –1.20 .5818 PacerLuntMCMult PAMC ... 23.34 ... ... RenaissanceIPO IPO .3 40.10 –1.22 .0657 SchwabUS SC SCHA 1.6 62.78 –2.32 .1186 VangdS&P600Grwth VIOG 1.1 138.76 –5.15 .1379
iShUSRegionalBanks IAT 4.1 32.22 –3.08 .2771 iShNATech-Mult IGN .7 48.50 –0.99 .0669 PacerMilitEmp VETS 1.8 27.43 –1.37 .1085 RenaissanceIntlIPO IPOS .2 28.50 +0.22 .0235 Schwab US TIPs SCHP 1.5 60.03 +0.25 .2386 VangdS&P600Val VIOV 2.1 98.43 –5.01 .5066
iShUSMedDevices IHI .3 255.91 –8.24 .1896 iShSelfDrvngEV IDRV 1.3 27.29 –0.35 .1807 PacerTrendFd TRND 1.0 24.01 –0.23 .2496 RivFrDynCoreIncm RFCI 2.3 26.16 ... .044 6MeridianHdg SIXH ... 25.27 –0.37 ... VangdST Bond BSV 2.1 83.06 +0.06 .1321
iShAdvTotUSDBd EUSB ... 50.18 ... ... iShShortNatlMuniBd SUB 1.5 107.75 –0.02 .1197 PacerTrendpilot PTIN 1.1 23.38 –0.04 .2587 RivFrDynUSDiv RFDA 2.0 31.57 –0.76 .0435 6MeridianLowBeta SIXL ... 25.45 –0.59 ... VangdSC VB 1.5 140.71 –5.25 .3197
iShESGUSAggBd EAGG 2.3 56.43 +0.07 .0905 iShSilver SLV ... 16.63 +0.14 ... PacerTrendUSBd PTBD 1.6 25.14 –0.51 .0105 RivFrDynUSFlex RFFC 1.5 31.36 –0.95 .0249 6MeridianMega SIXA ... 25.57 –1.00 ... VangdTaxExemptBd VTEB 2.2 54.09 +0.03 .0961
iShEdgeMSCIIntlMom IMTM 1.4 31.09 +0.17 .2241 iShTIPSBondETF TIP 1.6 123.06 +0.53 .2979 PacerUSCashCows BUL 1.1 24.99 –0.89 .0677 RivFrDynUnconInc RFUN 4.6 24.72 –0.18 .0821 6MeridianSC SIXS ... 27.57 –1.47 ... VangdTotalStk VTI 1.9 152.02 –5.06 .6999
iShEdgeMSCIIntQual IQLT 2.1 29.21 –0.14 .3441 iShTreaFRBd TFLO 1.5 50.30 +0.02 .005 PacerUSExportLead PEXL .6 26.45 –0.95 .0357 RivFrStratIncm RIGS 3.9 24.02 –0.38 .0655 SmartTransport MOTO ... 26.43 –0.36 ... VangdTotlWrld VT 2.2 73.44 –1.82 .36
iShEdgeMSCIIntVal IVLU 3.0 19.42 –0.32 .2071 iShDowJonesUS IYY 1.7 148.62 –4.55 .5431 PacificGlbFocusHY FJNK 4.7 23.34 –0.62 .0884 RoundAcqDpVal DEEP 8.3 20.82 –1.04 .227 SoFi50ETF SFYF 1.2 18.52 –0.58 .0781 VangdUtilities VPU 3.5 120.85 –5.05 1.2578
iShEdgeMSCIMnVlEur EUMV .0 24.16 –0.16 .2154 iShChinaLC FXI 2.8 40.19 –0.13 .3332 PacificGlbIntlEq IDY 2.1 21.88 –0.49 .2246 RoundBitEsports NERD .2 21.09 +0.54 .0496 SoFiNext500 SFYX 1.5 9.27 –0.34 .0545 VangdValue VTV 3.2 96.93 –4.61 .7743
iShEdgeMSCIMinJapn JPMV ... 61.31 –0.62 ... iShRussellMCGrowth IWP .6 154.52 –3.74 .2026 PacificGlbSrLoan FLRT 4.2 46.96 –0.38 .1202 RoundSportsBet BETZ ... 14.90 –0.64 ... SoFiSelect500 SFY 1.5 10.84 –0.40 .0804 VelocityShares3xIn DGAZ ... 540.55 +169.87 ...
iShEdgeMSCIMultif ACWF 2.5 27.24 –0.55 .2597 iShUSBrokerDealers IAI 2.0 57.92 –3.85 .287 PacificGlbUSEqu USDY 3.8 22.60 –1.23 .1764 SPDRBlackstoneSrLn SRLN 5.4 43.13 –0.65 .19 SPDR DJRlEst RWX 11.6 28.92 –1.00 .2827 VelocityShares3xLg UGAZ ... 7.19 –3.46 ...
iShEdgeMSCIMultInt INTF 3.4 22.69 –0.18 .3402 iShUSTechBreak TECB 1.1 28.36 –0.52 .0173 PerthMintPhGold AAAU ... 17.67 +0.27 ... SPDRBloomBarCvSecs CWB 2.9 59.10 –0.97 .0902 SPDR DJREIT RWR 4.4 75.88 –3.15 .7049 VesperUSLCShort UTRN .6 26.25 –0.61 .8496
iShEdgeMSCIMlIntSC ISCF 2.9 27.15 –0.06 .2887 iShUSTech IYW .8 261.53 –2.70 .443 PortfPlDevMk PPDM 2.1 19.77 –0.41 .1098 SPDRBBCpBd SPBO 3.2 35.05 –0.05 .0866 SPDR DJIA Tr DIA 2.4 250.38 –8.42 .7527 VicShUSAACrIntBd UITB 2.8 53.73 –0.02 .1017
iShEdgeMSCIMultUSA LRGF 2.1 30.12 –0.92 .1352 iShYdOptimizedBd BYLD 3.5 25.60 –0.06 .061 PortfPlEM PPEM 5.1 18.93 –0.06 .5918 SPDRBloomBarEMLoBd EBND 4.5 26.21 –0.11 .0846 SPDR EurSTOXX FEZ 1.7 34.94 –0.53 .354 VicSh USAAShtBd USTB 2.6 51.32 ... .1023
iShMultiUSA MC MIDF 1.8 24.32 –0.88 .0913 iSh0-5YHYCorpBd SHYG 5.6 42.73 –0.61 .178 PortfPlS&P500 PPLC 1.7 39.60 –1.96 .28 SPDR BlmBarcHYBd JNK 5.8 100.96 –2.10 .4788 SPDR MSCI exUS CWI 3.0 22.51 –0.11 .2741 VicShUSAA EMVal UEVM 3.1 38.01 –0.51 .0601
iShEdgeMSCIUSASC SMLF 1.6 34.22 –0.94 .0842 iSh0-3MTreaBd SGOV ... 100.02 –0.01 ... PortfPlS&PMC PPMC 1.2 20.54 –1.10 .0913 SPDRBloomBarInCpBd IBND .6 33.79 +0.30 .0161 SpdrSPIntDiv DWX 5.2 32.79 –1.02 .4539 VicShUSAA IntlVal UIVM 3.2 38.04 –0.38 .0572
iShEdgeMSCIUSASize SIZE 1.7 84.86 –3.49 .3501 JPM AlerianMLP AMJ 13.2 13.11 –1.41 .3618 PortfPlS&PSC PPSC 1.5 26.33 –1.61 .1442 SPDRBlmBarIntTrBd BWX 1.1 28.87 +0.15 .0257 SPDR S&PMdCpTr MDY 1.6 312.88 –12.05 1.1219 VicSh USA SC Val USVM 1.9 43.62 –1.61 .0536
iShEM Dividend DVYE 7.3 31.49 –0.77 .7204 JanusHendMtg JMBS 3.3 53.68 ... .0946 PrincipalActIncm YLD 5.4 36.04 –0.67 .1531 SPDRBlmBarInvGrdFR FLRN 2.3 30.46 +0.03 .0366 SPDR S&P 500 SPY 1.9 300.05 –8.59 1.3662 VicShUSAA USAVal ULVM 2.1 43.88 –1.73 .0959
iShEuropeETF IEV 2.0 40.01 –0.38 .4938 JanusHenShrtDur VNLA 2.6 50.23 +0.03 .0556 PrincInvGrdCp IG 3.6 26.63 –0.12 .0669 SPDRBloomBarc1-10Y TIPX 1.9 20.30 +0.03 .0587 SPDR S&P Biotch XBI .0 110.42 +1.57 .0168 VidentUSBdStrat VBND 2.6 50.84 +0.03 .3141
iShExpTech IGM .5 271.43 –4.41 .2874 HancockConsDisc JHMC 1.2 32.31 –1.31 .1522 PrincipalTaxAdv PQDI ... 19.99 –0.06 ... SPDRBloomBar1-3MTB BIL 1.4 91.53 ... .0143 SPDR SP China GXC 1.3 105.00 +0.18 .5641 VidentCoreUSEquity VUSE 1.8 26.45 –0.96 .1119
iShFocusedValue FOVL 4.3 31.85 –2.45 .258 HancockConsStpl JHMS 2.7 27.45 –1.32 .3619 PrincUltShtAct USI 2.8 25.02 +0.01 .0492 SPDRBloomBarSTHYBd SJNK 5.9 25.13 –0.37 .1153 SPDR S&P Div SDY 3.2 87.77 –4.01 .6803 VidentIntlEquityFd VIDI 3.2 20.13 –0.21 .1761
iShGenomicsImm IDNA .2 37.68 +0.52 .0837 HancockDevIntl JHMD 2.3 25.76 –0.49 .2389 ProShDJBrkGlIn TOLZ 3.1 38.78 –2.00 .3266 SPDRBloomBarSTInTr BWZ .3 30.52 +0.04 .0048 SPDR SP EmAsPac GMF 1.8 98.89 –0.16 .5679 VirtusInfrUSPfd PFFA 11.5 17.86 –1.01 .15
iShGlblComm IXP 1.2 59.87 –2.10 .2971 HancockMultEM JHEM 2.8 22.73 –0.22 .1786 ProShDecRetail EMTY .5 33.15 +0.71 .0166 SPDRDoubleTRTact TOTL 3.1 49.45 –0.01 .1114 SPDR S&P Home XHB 1.0 41.78 –1.46 .1052 VirtusLifeSciBio BBC ... 42.75 –0.85 ...
iShGlobal100 IOO 1.8 51.58 –0.88 .5069 HancockEnergy JHME 10.1 13.45 –1.35 .2057 ProShHdgReplic HDG .6 45.37 –0.30 .0421 SPDRDJGlbRealEst RWO 5.1 38.42 –1.35 .323 SPDR IntlSC GWX 3.7 27.22 –0.57 .3291 VirtusLifeSciBio BBP ... 47.60 –0.37 ...
iShGlobalREITETF REET 6.6 20.49 –0.58 .1813 HancockMultFinls JHMF 2.7 31.88 –2.13 .349 ProShInflationExp RINF 1.0 24.62 +0.05 .0368 SPDREUROSTOXXSC SMEZ 1.3 55.22 –0.93 .3675 SPDR S&P MtlMng XME 2.0 20.18 –0.77 .0941 VirtusNewDynCredit BLHY 4.0 22.80 –0.25 .0583
iShGoldTr IAU ... 16.93 +0.27 ... HancockHealthcare JHMH 1.9 36.60 –1.54 .4498 ProShLgOnline CLIX ... 73.30 +0.58 ... SPDRIntGovBd WIP 2.4 52.36 +0.41 .0721 SPDRS&POilGasExpl XOP 2.9 49.74 –6.34 .311 VirtusNewMultiBd NFLT 4.0 24.14 –0.15 .0819
iShiBoxx$InvGrCpBd LQD 3.0 133.50 –0.49 .3219 HancockIndustrials JHMI 1.6 33.00 –1.42 .2064 ProShOnlRetail ONLN ... 50.77 –0.38 ... SPDRFactSetInnTech XITK .1 143.66 –0.62 .1604 SPDR S&P Pharm XPH .7 42.42 –0.48 .0667 VirtusPrvCrd VPC 11.9 17.27 –0.95 .51
iShiBondsDec2020Cp IBDL 2.4 25.31 +0.04 .0399 HancockLC JHML 2.0 37.26 –1.51 .361 ProShRAFI L/S RALS 2.1 30.94 –0.62 .1414 SPDRGlobalDow DGT 2.7 76.47 –2.23 .5849 SPDR S&P Retail XRT 1.6 41.24 –0.96 .0929 VirtusRealAsset VRAI 3.9 19.03 –1.15 .19
iShiBdsDec2030Cp IBDV ... 25.17 ... ... HancockMatls JHMA 2.1 29.29 –1.21 .2687 ProShS&P500Bd SPXB 3.2 91.65 –0.39 .2137 SPDRGoldMini GLDM ... 17.65 +0.26 ... SPDR S&P Semi XSD .5 107.48 –2.93 .1434 VirtusReavesUtil UTES 2.3 34.95 –1.25 .21
iShiBdsDec2028Cp IBDT 2.9 28.67 –0.13 .0735 HancockMultMedia JHCS 1.1 26.49 –1.26 .1201 ProShS&P500xEner SPXE 1.4 65.04 –2.18 .2492 SPDR Gold GLD ... 166.54 +2.51 ... SPDRWelsFrg PSK 5.6 41.70 –0.51 .18 VolsharesLC VSL 1.2 30.21 –0.93 .0539
iShiBondsDec2025Cp IBDQ 2.9 26.91 –0.03 .0571 HancockMC JHMM 1.4 34.02 –1.41 .223 ProShS&P500xFin SPXN 1.4 64.32 –1.95 .1872 SPDRMFSSysCore SYE 1.7 79.90 –2.53 .3466 SprottGoldMiners SGDM .2 30.18 +1.43 .0631 WBIBullBrGlbIncm WBII 3.9 23.44 –0.50 .0839
iShiBondsDec2024Cp IBDP 2.9 26.31 +0.02 .0574 HancockMultiSC JHSC 1.4 22.59 –1.05 .1273 ProShS&P500xHlth SPXV 1.9 62.35 –2.27 .3651 SPDRMFSSysGrowth SYG .9 94.71 –1.72 .2505 SprottJrGoldMiners SGDJ .6 36.65 +2.02 .2196 WBIBullBrQu3000 WBIL .6 25.61 –0.44 .0216
iShiBdsDec2029Cp IBDU 2.7 26.61 –0.09 .0555 HancockTech JHMT 1.5 58.82 –1.09 .457 ProShS&P500xTech SPXT 2.0 52.25 –2.36 .2757 SPDRMFSSysValueEqu SYV 2.6 57.72 –2.93 .3811 SyntaxStratLC SSPY 1.8 44.19 –1.87 .7875 WBIBullBrRsInc300 WBIE .8 25.70 –0.43 .0366
iShiBondsDec2021Cp IBDM 2.6 25.13 +0.01 .0514 HancockUtils JHMU 3.4 27.67 –1.36 .4615 ProShShtBasicMat SBM .3 16.98 +0.38 .0049 SPDRACWILowCarbon LOWC 2.1 90.81 –2.04 .7801 SyntaxStratMC SMDY ... 25.44 –1.22 ... WBIBullBrTdUS WBIT 5.0 16.52 –0.65 .1441
iShiBdsDec2021Muni IBMJ 1.4 25.92 +0.02 .0287 JPMBeta US MC BBMC .6 57.38 –2.04 .0921 ProShShtDow30 DOG .8 49.30 +1.50 .055 SPDREAFEFossilFr EFAX 2.1 64.37 –0.52 .6562 SyntaxStratifiedSC SSLY ... 29.72 –1.14 ... WBIBullBrTrdUSTR WBIN 7.0 16.35 –0.37 .0572
iShiBondsDec2027Cp IBDS 3.0 26.85 –0.10 .0601 JPMCorpBdResearch JIGB 3.3 56.79 –0.29 .1387 ProShShortEuro EUFX ... 44.52 –0.19 ... SPDRMSCIEAFEStrat QEFA 2.7 59.17 –0.52 .739 TacticalIncm TBND .6 22.78 –0.05 .137 WBIBullBrVal3000 WBIF .7 25.15 –0.33 .0398
iShiBondsDec2026Cp IBDR 3.0 26.57 –0.08 .0607 JPM DivRetEM JPEM 4.2 45.84 –1.00 .425 ProShShXinhuaCh25 YXI .5 17.85 ... .011 SPDREMFossilFuelFr EEMX 2.9 59.51 +0.09 .3338 TechSelectSector XLK 1.2 101.54 –0.70 .2805 WBIBullBrYd3000 WBIG 1.6 22.09 –0.37 .0154
iShiBondsDec2023Cp IBDO 2.8 26.18 ... .057 JPM DivRetIntlEq JPIN 3.1 49.20 –0.97 .4521 ProShShtFinls SEF .6 20.67 +0.88 .0196 SPDRMSCIEMStrat QEMM 3.4 52.77 +0.13 .48 TeucriumAgriFd TAGS ... 16.30 –0.56 ... WBIPwrFactorHiDiv WBIY 7.8 17.91 –1.33 .1809
iShiBondsDec2022Cp IBDN 2.7 25.63 –0.01 .0535 JPM DivRetUS Eq JPUS 2.6 67.35 –2.68 .4442 ProShShortHY SJB .7 21.00 +0.37 .0125 SPDRMSCIUSAStrat QUS 2.1 86.00 –2.76 .7723 TeucriumCornFd CORN ... 11.67 –0.69 ... WedETFMGGlbCld IVES .9 40.02 +1.05 .08
iShiBdsDec2022Muni IBMK 1.5 26.45 +0.03 .0301 JPM Div US MC JPME 2.0 58.43 –2.39 .263 ProShShMSCI EAFE EFZ .8 25.31 +0.19 .0086 SPDRMSCIWorldStrat QWLD 2.4 77.45 –1.72 .8494 TeucriumSoybeanFd SOYB ... 13.72 –0.32 ... WedbushVideoGame GAMR .6 56.84 +0.79 .03
iShiBdsMar23CpxFin IBCE 2.6 25.17 +0.02 .0519 JPM Div US SC JPSE 1.6 25.69 –1.04 .1067 ProShShtMSCI EM EUM .8 17.24 –0.03 .0196 SPDR NYSE Tech XNTK .6 96.28 –1.71 .1537 TeucriumSugarFd CANE ... 5.61 –0.20 ... WisdTrUSDBull USDU 3.0 27.51 –0.13 .8163
iShiBdsMar2023Cp IBDD 2.7 27.35 +0.04 .0559 JPMEquityPrem JEPI ... 49.71 –0.95 ... ProShShtMC400 MYY .6 40.87 +1.45 .0152 SPDRNuvBBHYMuni HYMB 4.0 56.20 +0.10 .1757 TeucriumWheatFd WEAT ... 4.86 –0.15 ... WisdTrCBOES&P500 PUTW 1.7 24.34 –0.43 .4183
iShiBdsSep2020Muni IBMI 1.3 25.49 ... .0255 JPM IntlGrwth JIG ... 56.03 +0.15 ... ProShShtOil&Gas DDG .2 30.21 +1.95 .023 SPDRNuveenMuniBd TFI 2.1 51.69 +0.05 .0844 TimothyHiDiv TPHD 3.0 21.16 –0.96 .0781 WisdTrChineseYuan CYB 2.0 24.95 +0.20 .5104
iShiBoxx$HYCpBd HYG 5.3 81.34 –1.54 .3206 JPMUSAggregateBd JAGG 2.4 27.94 +0.03 .0439 ProShShortQQQ PSQ 1.2 19.59 +0.28 .0448 SPDRNuveenSTMuniBd SHM 1.3 49.85 +0.02 .0502 TimothyPlanIntl TPIF 2.1 22.48 –0.12 .0524 WisdTrContComm GCC ... 15.25 –0.29 ...
iShIntRtHdgCorpBd LQDH 3.0 89.18 –0.65 .2128 JPMUSDEMSovBd JPMB 4.6 48.11 –0.07 .211 ProShShtRE REK .6 13.22 +0.49 .0079 SPDRPtfAggBd SPAB 2.7 30.81 +0.08 .063 TimothyUS LMC TPLC 1.1 24.08 –0.86 .0351 WisdTrEmgCurr CEW ... 17.16 –0.06 ...
iShIntRateHdgEM EMBH 4.0 21.74 –0.07 .0543 JPM US Dividend JDIV 4.2 21.51 –1.24 .1967 ProShShtRus2000 RWM .9 37.92 +1.05 .0499 SPDRPtfDevxUS SPDW 2.6 27.41 –0.58 .3053 Timothy US SC TPSC 1.4 19.77 –0.74 .0336 WisdTrEMxSOE XSOE 2.0 29.83 +0.05 .09
iShIntRtHdgHiYdBd HYGH 4.9 80.06 –1.68 .274 JPMUSMinimumVol JMIN 2.2 27.15 –1.01 .1568 ProShShrtS&P500 SH 1.0 23.02 +0.60 .0279 SPDRPtfEM SPEM 3.1 33.34 –0.29 .2992 TortoiseNAPipeline TPYP 6.7 15.89 –1.26 .2439 WisdTrEM HiDiv DEM 5.6 36.43 –0.65 .465
iShIntRtLTCpBd IGBH 3.4 22.32 –0.20 .0512 JPM US Moment JMOM 1.0 30.23 –0.71 .0657 ProShSh7-10YrTr TBX .8 23.80 –0.10 .0229 SPDR PtfEurope SPEU 2.4 31.01 –0.54 .2618 TransamDeltaS&PEM DMRE 2.0 47.18 +0.02 .0429 WisdTrEMLocDebt ELD 5.4 32.19 –0.12 .14
iShJPM EM LC Bd LEMB ... 40.77 –0.15 ... JPM USQualFactor JQUA 1.6 29.61 –0.93 .1028 ProShShrtSC600 SBB .5 32.53 +1.03 .0097 SPDR PtfHYBd SPHY 6.5 24.48 –0.40 .1227 TrendAggGrowth TAAG ... 26.35 –0.02 ... WisdTrEMMulti EMMF 3.1 20.19 –0.12 .10
iShJPX-Nikkei400 JPXN 2.0 59.96 –0.59 .4252 JPM US Value JVAL 3.4 23.24 –1.17 .1655 ProShSh20+Tr TBF 1.3 15.34 –0.27 .0351 SPDRPtfIntermCpBd SPIB 2.7 36.39 –0.04 .0742 TrendAggDiv TADS ... 24.90 –0.46 ... WisdTrEM SC DGS 4.5 39.03 –0.91 .58
iShLatinAmerica40 ILF 4.0 21.22 –1.04 .2724 KFADynFixIncm KDFI 3.1 20.90 +0.07 .0561 ProShShtVIXST SVXY ... 30.03 –0.48 ... SPDR PtfIntTrea SPTI 1.5 33.21 +0.07 .0246 TrueESGActOpps ECOZ ... 26.55 –0.66 ... WisdTrEuropeHdg HEDJ 1.6 60.08 –1.22 .63
iShLtCorpBd IGLB 3.5 69.33 +0.05 .1993 KFA LCQualDiv KLCD .8 23.92 –0.79 .2031 ProShUltBscMtls UYM 1.4 42.55 –2.41 .0891 SPDRPtfLTCorpBd SPLB 3.5 31.41 –0.03 .0845 TrueTechAI LRNZ ... 33.22 –0.10 ... WisdTrEuropeHdgSM EUSC 2.5 26.43 –0.55 .355
iShACWILowCarbon CRBN 2.1 118.50 –2.48 1.0368 KFA SCQualDiv KSCD .8 20.79 –1.00 .1621 ProShUltBlmCrude UCO ... 27.21 –2.09 ... SPDRPtfLgTermTrea SPTL 1.9 47.31 +0.82 .0685 UBSNatGasMLPETN MLPG 17.0 10.06 –1.31 .4576 WisdTrEurQualDiv EUDG 2.0 25.50 –0.20 .165
iShMSCIAustralia EWA 3.9 18.79 –0.23 .2843 KnowldgLdrDevWrld KLDW .0 34.27 –0.56 .3599 ProshUltBlmNatGas BOIL ... 22.95 –6.10 ... SPDR PtfGSM SPGM 2.2 38.84 –0.79 .2611 UBS FIEnhGlbHY FIHD ... 136.83 –7.55 ... WisdTrEuropeSC DFE 3.4 48.64 –0.75 .555
iShMSCIAustria EWO 4.4 14.76 –0.32 .1161 KraneBoseraChinaA KBA 1.5 33.47 +0.54 .4987 ProShUltCommSvs XCOM .1 47.79 –5.85 .0158 SPDRPtfMtgBkdBd SPMB 3.0 26.77 ... .0638 UBS FIEnhLCGrw FBGX ... 341.88 –11.81 ... WisdTrFRTrea USFR 1.3 25.11 +0.01 .004
iShMSCIBRICETF BKF 1.6 41.60 +0.09 .1491 KraneCCBSChCpHY KCCB 4.5 39.55 –0.11 .1588 ProShUltCnsGds UGE 1.0 41.88 –3.52 .1106 SPDRS&P500Value SPYV 3.0 28.22 –1.32 .2114 E-TRACS DJ Cmd DJCI ... 11.58 –0.33 ... WisdTrGlbxUSQual DNL 1.9 62.94 –0.25 .30
iShMSCIBelgium EWK 2.2 16.42 –0.26 .1498 KraneCICCChina KFYP ... 25.84 +0.17 ... ProShUltCnsSvs UCC .1 104.89 –6.31 .0395 SPDRPtfS&P1500 SPTM 2.0 36.67 –1.24 .1713 UBSWellsFargoETN BDCS 12.6 13.66 –0.55 .4474 WisdTrGlbxUSREFd DRW 3.8 23.88 –0.67 .5689
iShMSCIBrazil EWZ 3.7 28.20 –1.50 .3574 KraneCSIChInt KWEB .1 61.83 +0.11 .0413 ProShUltDow30 DDM .7 37.98 –2.74 .0109 SPDRPtfS&P500 SPLG 2.0 35.24 –1.19 .168 E-TRACS AlrInfr MLPI 14.0 11.26 –1.25 .3963 WisdTrGlbHiDiv DEW 4.3 37.62 –1.64 .385
iShMSCICanadaETF EWC 2.6 25.14 –0.55 .2582 KraneEFdChina KCNY 2.8 31.52 –0.29 .0646 ProShUlt Euro ULE ... 13.64 +0.23 ... SPDRS&P500Growth SPYG 1.3 43.63 –1.07 .1244 USCF SummerDynCom SDCI .8 12.95 –0.13 .0332 WisdTrIndiaEarn EPI 1.4 20.16 +0.37 .094
iShMSCIChinaSC ECNS 3.1 38.66 –0.32 .583 KraneElcVehicle KARS 1.8 24.45 –0.65 .4351 ProShUltFTSEEurope UPV .5 36.51 –0.98 .0668 SPDRS&P500HiDiv SPYD 6.3 26.90 –1.57 .3657 USCF SummerSHPEI BUY 9.6 14.20 –1.62 1.2534 WisdTrIntDivxFin DOO 4.3 35.22 –0.75 .43
iShMSCIColombia ICOL 4.0 8.21 –0.24 .1485 KraneEMCnsTech KEMQ 1.6 25.77 +0.22 .4219 ProShXinhuaChina25 XPP 4.3 54.07 –0.33 .1488 SPDRPtfS&P400MC SPMD 1.9 30.14 –1.26 .1296 USEquCumDiv2027 IDIV 14.4 9.31 –0.25 .1025 WisdTrIntlEquity DWM 3.0 44.00 –1.07 .485
iShMSCI EAFE EFA 2.7 60.49 –0.55 .8577 KraneEMHlthcrIndex KMED 1.4 27.92 +0.52 .3789 ProShUltFinls UYG 1.7 27.57 –2.85 .0541 SPDRPtfS&P600SC SPSM 2.0 25.16 –1.11 .1052 USEquityxDiv2027 XDIV ... 65.48 –1.61 ... WisdTrIntlHdgQual IHDG 1.7 35.01 –0.46 .215
iShMSCIEmgMarkets EEM 2.2 39.94 +0.02 .2303 KraneChinaHlthCr KURE .2 31.51 +0.90 .0573 ProShUltraGold UGL ... 63.91 +2.01 ... SPDRPtfSTCpBd SPSB 2.5 31.33 +0.02 .0538 USGlbGOGold GOAU .1 19.92 +0.76 .0275 WisdTrIntlHiDiv DTH 4.1 32.63 –0.85 .42
iSh MSCI EM SC EEMS 2.9 38.86 –0.11 .2853 KraneAllChina KALL 1.4 26.77 +0.18 .384 ProShUltHlthCr RXL .3 111.13 –7.04 .1534 SPDRShtTermTrea SPTS 1.7 30.70 +0.01 .0143 U.S.GlobalJetsETF JETS 2.4 16.02 –1.55 .3911 WisdTrIntlLC Div DOL 3.0 40.57 –0.86 .44
iShMSCIFranceETF EWQ 3.0 26.96 –0.03 .1772 KraneMSCIChinaEnv KGRN ... 20.87 –0.20 ... ProShUltraHY UJB 4.2 62.70 –2.75 .2172 SPDR PtfTIPS SPIP 2.0 30.16 +0.18 .0845 USVeganClimate VEGN 1.1 26.61 –0.77 .0637 WisdTrIntlMC Div DIM 3.0 53.02 –1.35 .575
iShMSCIFrontier100 FM 3.3 23.98 +0.39 .6384 KraneEMxChina KEMX 3.4 21.78 –0.02 .7363 ProShUltIndls UXI .8 57.12 –4.11 .0531 SPDRRuss1000LowVol ONEV 2.6 71.16 –3.10 .3629 UtilitiesSelSector XLU 3.5 55.18 –2.31 .4758 WisdTrIntlMult DWMF 2.3 23.15 –0.33 .16
iShMSCIGermanyETF EWG 1.1 26.57 –0.18 .2798 KraneSh1Belt1Road OBOR 5.1 20.37 –0.15 1.0473 ProShUltBrazil UBR 1.3 21.60 –2.71 .0321 SPDRRuss1000Mom ONEO 1.9 66.25 –2.89 .2834 VanEckMerkGoldTr OUNZ ... 17.30 +0.26 ... WisdTrIntlSC DLS 3.5 55.15 –1.18 .645
iShMSCIGlblAgriPrd VEGI 2.1 24.27 –0.75 .236 LCGrowthETN2028 FRLG ... 147.63 –4.87 ... ProShUltMSCIEAFE EFO .2 30.10 –0.80 .0536 SPDRRuss1000Yd ONEY 4.2 56.42 –3.37 .4842 VanEckAfrica AFK 8.0 16.09 –0.18 1.2858 WisdTrJapanHdg DXJ 2.8 47.06 –1.01 .5861
iShMSCIGloblEnProd FILL 5.5 12.06 –0.52 .2357 LeaderAlphaUSCore LSAF .8 22.67 –0.91 .0479 ProShUltMSCIEM EET 1.4 57.30 –0.11 .0086 SPDRMomentumTilt MMTM 1.7 130.47 –3.23 .4888 VanEckAgribus MOO 1.5 59.00 –1.51 .9091 WisdTrJapanSC DFJ 2.8 64.38 –1.56 .9352
iShMSCIHongKong EWH 2.9 21.50 +0.13 .4107 LeaderShEqSkew SQEW ... 25.78 –0.88 ... ProShrUltraJapan EZJ .0 32.01 –0.55 .0153 SPDRS&P1500ValTilt VLU 2.7 94.40 –5.22 .6527 VanEckBDCIncome BIZD 12.3 11.84 –0.47 .3562 WisdTrMgdFut WTMF 1.7 35.21 +0.14 .6039
iShMSCIIndonesia EIDO 1.3 18.16 –0.38 .1818 LeutholdCore LCR ... 24.87 –0.34 ... ProShUltMC400 MVV 1.0 26.83 –2.19 .0133 SPDR S&P500MidGr MDYG 1.2 52.11 –1.49 .1255 VanEckBrazilSC BRF 4.3 16.14 –0.98 .6972 WisdTrModTech PLAT .3 32.01 –0.61 .0806
iShMSCIIreland EIRL 1.8 37.32 –1.05 .2387 MatlsSelSectorSPDR XLB 2.2 54.49 –1.69 .307 ProShUltOilGas DIG 6.8 70.22 –11.32 .6269 SPDR S&P400MidVl MDYV 2.7 40.89 –2.38 .2519 VanEckChinaGrwth GLCN 1.5 39.84 +0.48 .6157 WisdTrMtgPlBdFd MTGP 2.3 51.24 +0.02 .0875
iShMSCIIsrael EIS 2.2 51.69 –2.11 .1058 MerlynAIBullBr WIZ .5 27.71 –0.52 .054 ProShUltraQQQ QLD .0 139.33 –4.48 .0091 SPDRS&P600SmallCap SLY 1.8 55.98 –2.35 .2364 VanEckChinaBond CBON 3.7 22.23 –0.01 .0497 WisdTr90/60USBal NTSX .9 29.86 –0.64 .075
iShMSCIItaly EWI 1.9 23.64 –0.25 .2501 MicroSecCannabis MJJ ... 48.19 –1.73 ... ProShrUltraRE URE 1.6 50.29 –4.41 .0679 SPDR S&P600SCpGr SLYG 1.2 53.91 –1.96 .1365 VanEckSMEChiNxt CNXT .4 34.55 +0.81 .135 WisdTrUSDivxFin DTN 4.3 71.51 –3.31 .365
iShMSCIJapan EWJ 2.1 55.47 –0.56 .4417 MicroSecCannabis2X MJO ... 41.15 –3.04 ... ProShrUltraRus UWM .7 44.37 –2.92 .0045 SPDR S&P600SCapVal SLYV 2.5 46.42 –2.34 .2676 VanEckCoal KOL 14.9 70.91 –2.84 10.546 WisdTrUSHiDiv DHS 4.4 60.47 –2.81 .21
iShMSCIJapanSC SCJ 4.2 67.26 –0.57 .7019 MicroFANG+ETN FNGS ... 69.96 –2.72 ... ProShUltraS&P SSO .4 118.37 –6.97 .1976 SPDR Aero Dfns XAR 1.2 84.52 –2.97 .0914 VanEckEgypt EGPT 2.6 23.34 +0.39 .6047 WisdTrUSLCDivFd DLN 3.0 90.30 –3.24 .28
iShMSCIKLD400Soc DSI 1.5 114.49 –3.25 .3486 MicroSectFANG+Invr GNAF ... 28.16 +0.93 ... ProShUltSemi USD .6 56.33 –3.07 .0367 SPDRS&PBank KBE 3.5 29.69 –3.20 .2794 VanEckEM AggBd EMAG 4.9 20.45 –0.02 .0803 WisdTrUSLCFd EPS 2.2 32.22 –1.33 .19
iShMSCIKokusaiETF TOK 1.8 67.38 –1.65 .5894 MicroFANG-3XInvr FNGD ... 2.72 +0.25 ... ProShrUl7-10Trs UST .9 75.93 +0.41 .1116 SPDRS&PCapitalMkts KCE 2.6 53.89 –3.36 .2978 VanEckEMHYBond HYEM 6.4 22.25 –0.20 .1227 WisdTrUSMCDivFd DON 3.6 27.31 –1.47 .08
iShMSCIMalaysiaETF EWM 3.4 24.94 –0.44 .5447 MicroSectorsFANG3X FNGU ... 85.88 –9.62 ... ProShUltSilver AGQ ... 27.88 +0.06 ... SPDREmMktsDiv EDIV 5.1 24.89 –0.75 .413 VanEckEnerIncm EINC 10.9 36.87 –2.49 .5745 WisdTrUSMCFd EZM 2.1 31.13 –1.77 .115
iShMSCIMexico EWW 1.8 31.56 –1.51 .1241 MicroFANG-2XInvr FNGZ ... 12.94 +0.83 ... ProShUltSC600 SAA .3 54.62 –4.63 .1626 SPDR S&P EM SC EWX 2.9 40.47 –0.42 .3506 VanEckEnvironSvcs EVX .5 88.96 –3.35 .4715 WisdTrUSQualShr QSY 2.0 76.00 –3.85 .38
iShMSCINetherlands EWN 1.0 32.37 +0.02 .191 MicroSectFANG+2X FNGO ... 78.80 –6.37 ... ProShUltTech ROM .1 175.05 –5.87 .1376 SPDRS&P500Fossil SPYX 1.7 74.15 –2.49 .3107 VanEckGoldMiner GDX .5 35.19 +1.64 .1905 WisdTrUSSCDiv DES 3.9 20.20 –0.85 .06
iShMSCIPacificxJp EPP 3.8 39.13 –0.25 .5433 MicroUSBigBkInv KNAB ... 45.67 +2.92 ... ProShUltTelecom LTL 1.6 31.02 –2.67 .1119 SPDRS&PGlbDividend WDIV 5.4 51.96 –1.94 .7495 VanEckGreenBd GRNB 2.2 27.50 +0.02 .0585 WisdTrUSSCFd EES 1.9 26.84 –1.44 .10
iShMSCIPeru EPU 2.9 28.18 –0.30 .48 MicroUSBigBk3X BNKD ... 15.64 +2.58 ... ProShUlt20YrTr UBT .7 135.58 +4.64 .3198 SPDRS&PGlbInfr GII 3.6 42.83 –1.54 .5481 VanEckIndiaGrwth GLIN 1.8 24.16 +0.61 .4239 WisdTrUSTotalDivFd DTD 3.2 87.52 –3.51 .255
iShMSCIPhilippines EPHE .7 26.80 –0.60 .1618 MicroUSBigBk3X BNKU ... 10.90 –3.02 ... ProShrUltraUtil UPW 1.4 43.86 –3.11 .2586 SPDRS&PGlbNatRes GNR 4.0 36.26 –0.81 .4833 VanEckIndonesia IDX 2.9 16.26 –0.27 .4723 WisdTrUSTMFd RESP 2.4 32.55 –0.72 .11
iShMSCIPoland EPOL 4.0 16.65 –0.28 .175 MicroUSBigBk2X BNKZ ... 31.40 +3.72 ... ProShUltVIXST UVXY ... 38.14 +0.64 ... SPDRS&PHlthCareEqp XHE .0 85.49 –2.30 .0032 VanEckIntlHYBd IHY 5.2 23.65 –0.10 .1082 WisdTrYdUSAggBd AGGY 2.8 53.73 –0.02 .1025
iShMSCIRussia ERUS 8.3 34.14 +0.09 .3292 MicroUSBigBk2X BNKO ... 24.71 –4.49 ... ProShUltraYen YCL ... 56.13 –0.42 ... SPDRS&PHlthCareSvs XHS 2.6 66.07 –1.77 .0578 VanEckInvtGrFR FLTR 2.6 24.98 –0.04 .0358 XtrkrsFTSEDevXus DEEF 4.3 25.02 –0.46 .1509
iShMSCISaudiArabia KSA 3.1 26.53 –0.31 .4537 MicrUSBigOilInv YGRN ... 51.80 +3.30 ... ProShUltDow30 UDOW .6 57.57 –6.38 .0032 SPDRS&PInsurance KIE 2.3 26.35 –1.53 .1325 VanEckIsrael ISRA 1.5 32.77 –1.40 .4849 XtrkrsHarvCSI300 ASHR 1.0 29.28 +0.35 .2899
iShMSCISingapore EWS 4.8 18.64 –0.16 .219 MicrUSBigOil3InLv NRGD ... 19.00 +3.17 ... ProShUltMC400 UMDD .5 43.89 –5.67 .0625 SPDRS&PInternetETF XWEB .4 99.11 –0.89 .0403 VanEckJPMEMLCBd EMLC 6.3 30.75 –0.25 .1328 XtrkrsHarvCSI500 ASHS .5 29.44 +0.03 .1573
iShMSCISouthAfrica EZA 3.9 35.40 +0.06 .6451 MicrUSBigOil3Lev NRGU ... 3.61 –0.92 ... ProShUltRus2000 URTY .4 28.40 –2.89 .1182 SPDRS&PKenCleanPwr CNRG 1.7 47.16 –1.13 .2261 VanEckJrGold GDXJ .3 47.39 +2.60 .1638 XtrkrsHiBetHYBd HYUP 7.6 43.96 –1.17 .2454
iShMSCISthKorea EWY ... 57.07 +0.32 ... MicrUSBigOil2InLv NRGZ ... 37.85 +4.50 ... ProShUltS&P500 UPRO .4 40.80 –3.80 .0566 SPDRS&PKenFinalFr ROKT .7 29.42 –1.20 .0261 VanEckLong/Flat LFEQ 1.5 28.13 –0.92 .4348 XtrkIntlRealEst HAUZ 5.2 22.99 –0.59 .3558
iShMSCISpain EWP 4.0 22.06 –0.34 .2137 MicrUSBigOil2Lev NRGO ... 14.36 –2.34 ... ProShUltShtDow30 SDOW 1.7 26.40 +2.22 .0662 SPDRS&PKenFut FITE 1.2 35.42 –0.77 .0171 VanEckLowCarbon SMOG ... 78.07 –1.89 ... XtrkrsJpnJPXNik400 JPN 2.6 27.10 –0.43 .2789
iShMSCISweden EWD 1.7 30.84 +0.35 .0955 MSCushMLPHI MLPY 19.3 2.88 –0.32 .1445 ProShShtMC400 SMDD .9 17.54 +1.69 .0079 SPDRS&PKenInt SIMS 1.6 28.45 –1.22 .0897 VanEckMtgREIT MORT 14.2 13.07 –0.40 .368 XtrrsLowBetHYBd HYDW 4.7 48.75 –0.42 .2023
iShMSCISwitz EWL 1.6 38.72 –0.45 .6238 NationwideMaxDivUS MXDU 1.7 29.96 –0.90 .5206 ProShShtRus2000 SRTY 1.7 12.40 +0.91 .0332 SPDRS&PKenNewEc KOMP .9 35.85 –0.81 .0622 VanEckNatRscs HAP 3.4 29.64 –0.82 1.00 XtrkACWIxUSESGLd ACSG 3.5 25.32 –0.49 .2537
iShMSCITaiwan EWT ... 39.92 +0.32 ... NationRiskBasedUS RBUS 1.9 28.98 –0.67 .563 ProShUltS&P500 SPXU 1.9 12.86 +0.92 .0416 SPDRS&PKenSmart HAIL 1.5 29.45 –0.73 .0788 VanEckOilRefin CRAK 1.9 21.47 –0.92 .4134 XtrkrsMSCIAllChina CN 4.1 35.30 +0.25 1.4423
iShMSCIThailand THD 2.9 69.75 –1.70 1.3321 NationRiskMgd NUSI 7.4 27.08 –0.34 .1778 ProShUltShrt20YTr TTT 2.5 28.36 –1.60 .0867 SPDRS&PNAmNatlRscs NANR 2.6 28.14 –0.63 .3404 VanEckOilSvcs OIH 5.0 116.87 –11.64 5.81 XtrkrsMSCIAWxUS HDAW 4.7 20.93 –0.67 .3223
iShMSCIUSAESGSelct SUSA 1.5 129.90 –3.28 .3924 NatixisShrtDur LSST 2.3 25.84 –0.07 .0453 ProShUltShtAUD CROC ... 56.81 –0.29 ... SPDRS&POil&GasEq XES 3.6 31.73 –3.29 .1793 VanEckPfdSecsxFin PFXF 5.9 18.17 –0.36 .0881 XtrkrsMSCIAWxUS DBAW 3.2 26.27 –0.41 .2367
iShMSCIUSAEqWeight EUSA 2.0 55.36 –2.28 .2386 NatixisSeeyondIntl MVIN 5.4 38.07 –0.84 .5244 ProShUSBscMtls SMN .4 19.81 +0.91 .0206 SPDRS&PRegionalBkg KRE 3.9 35.90 –3.98 .3535 VanEckRareEarth REMX 1.9 33.53 –1.07 .6441 XtrkMChinaAIncl ASHX .8 21.58 +0.34 .3737
iShMSCIUK EWU 3.9 25.48 –0.41 .3947 NoShoreGlUran URNM ... 26.00 –0.58 ... ProShUltBloomCrd SCO ... 19.30 +1.03 ... SPDRS&PSft&Svs XSW .4 109.18 –1.23 .0241 VanEckRealAsset RAAX 3.1 19.41 +0.09 .6087 XtrkESGLeaders EASG 3.3 24.09 –0.43 .2608
iShMSCIWorldETF URTH 2.0 90.16 –2.07 .9192 NuvESGHYCorpBd NUHY 6.7 23.62 –0.33 .0966 ProShUltShBlmGas KOLD ... 85.98 +16.55 ... SPDRS&PTelecom XTL .9 67.47 –2.59 .1563 VanEckSteel SLX 3.6 26.75 –0.93 .9715 XtrkrsMSCIHiDiv HDEF 4.8 20.18 –0.47 .2564
iShMorningstarLC JKD 1.8 170.19 –3.40 .5577 NuvESGUSAggBd NUBD 2.4 27.02 +0.05 .0511 ProShUltShCmSvs YCOM .5 20.88 +2.14 .0537 SPDRS&PTransport XTN 1.1 50.46 –2.88 .0929 VanEckUnOil&Gas FRAK 3.2 63.00 –5.87 2.00 XtrkrsMSCIEAFE DBEF 3.4 30.01 –0.68 .3718
iShMornLCGrowth JKE .5 227.11 –6.25 .1901 NuvEnhYd1-5Y NUSA 2.7 25.56 +0.01 .0504 ProShUSCnsmrGd SZK 1.0 9.63 +0.66 .0084 SPDRSSGAFxScRt FISR 3.3 31.90 –0.06 .0538 VanEckUranium NLR 2.8 41.66 –1.52 1.1787 XtrkrsMSCIEMESG EMSG 3.9 25.02 –0.32 .2888
iShMornLCValue JKF 3.7 94.10 –4.32 .8003 NuvEnhYdUSAgg NUAG 3.6 25.55 +0.04 .0356 ProShUSCnsmrSvc SCC 1.4 10.64 +0.60 .0034 SPDRGenderDivers SHE 2.0 69.16 –2.12 .3329 VangdCnsmrDiscr VCR 1.2 192.56 –5.74 .5473 XtrkrsMSCIEM DBEM 2.8 22.26 +0.02 .1063
iShMorningstarMC JKG 1.5 178.54 –6.80 .5246 OShGlbInternet OGIG ... 37.37 +0.20 ... ProShUltDow30 DXD 1.1 19.97 +1.19 .0384 SPDR US LC Low Vol LGLV 2.2 99.59 –2.79 .5212 VangdCnsmrStpls VDC 2.8 145.55 –6.08 1.2891 XtrkrsMSCIEurope DBEU 3.2 27.21 –0.64 .3944
iShMornMCGrowth JKH .3 286.75 –4.22 .1242 OpusSCValue OSCV 2.3 21.16 –0.75 .0445 ProShUltShEuro EUO ... 26.76 –0.20 ... SPDR SSGA US XLSR 1.5 31.95 –1.12 .1513 VangdExtMkt VXF 1.3 114.46 –3.57 .166 XtrkrsMSCIEurozone DBEZ 3.3 28.78 –0.59 .2795
iShMorningstarSC JKJ 1.7 145.20 –5.09 .5062 OShrEurQualDiv OEUR 3.4 22.19 –0.14 .0876 ProShUltChina50 FXP .6 50.06 +0.22 .0207 SPDR US SC LowVol SMLV 3.4 72.79 –2.75 .5922 VangdInfoTech VGT 1.1 270.98 –1.60 .6746 XtrkrsMSCIGermany DBGR 2.3 26.00 –0.71 .3636
iShMornSCGrowth JKK .3 214.21 –4.43 .1559 OShrUSQualDiv OUSA 2.8 32.35 –0.83 .0935 ProShrUltShFTSEEur EPV .5 26.05 +0.41 .0143 SPDRSolactCda ZCAN 3.3 52.21 –1.28 .7592 VangdMatrls VAW 2.2 116.32 –3.87 .6718 XtrkrsMSCIJapan DBJP 2.8 38.84 –1.35 1.1466
iShMornSCValue JKL 3.3 98.91 –6.42 .5686 OShrUSSCQualDiv OUSM 2.6 24.06 –1.02 .0516 ProShUltShFin SKF .7 13.50 +1.10 .0084 SPDRSolactGermany ZDEU 1.3 53.56 –0.44 .7182 VangdSC Grwth VBK .5 194.17 –4.55 .1306 XtrkMSCIKokusai KOKU ... 57.28 –1.48 ...
iShNatlMuniBd MUB 2.3 115.44 +0.26 .2084 OverlayCoreBd OVB 2.7 26.41 +0.25 .25 ProShUltShGold GLL ... 36.08 –1.21 ... SPDRSolactHK ZHOK 2.5 57.77 +0.31 .6809 VangdSC Val VBR 2.3 102.26 –5.28 .4925 XtrkMSCILatAmPac PACA .0 17.45 –0.68 .2588
iShNewYorkMuniBd NYF 2.1 57.41 –0.06 .0959 OverlayFgnEqu OVF 4.4 22.62 –0.44 .32 ProShrUSHlthCr RXD 1.1 13.97 +0.74 .0167 SPDRSolactJpn ZJPN 2.5 73.06 –0.69 .7031 VangdCommSvcs VOX 1.1 90.02 –5.33 .2365 XtrkUSAESGLdrs USSG 1.7 27.53 –0.92 .1109
iShResRealEst REZ 3.6 58.59 –1.68 .4662 OverlayLCEq OVL 1.3 25.56 –0.73 .067 ProShrUSInd SIJ .7 9.60 +0.52 .038 SPDRSolactUK ZGBR 4.4 39.11 –0.71 .6123 VangdDivApp VIG 1.8 114.51 –2.73 .474 XtrkrsMuniInfra RVNU 2.6 28.27 +0.03 .0501
iShRobotics&AI IRBO .4 29.20 +0.03 .0371 OverlayMuniBd OVM 2.8 25.37 +0.05 .25 ProShUltra7-10 PST 1.3 15.25 –0.12 .0175 SPDRSSgAGlbAll GAL 3.0 36.52 –0.67 .2595 VangdEnergy VDE 5.7 48.54 –4.32 .6419 XtrkrsRussell1000 DEUS 2.1 31.08 –1.20 .116
iShRussell1000Gwth IWF .9 186.66 –3.52 .3622 OverlaySCEq OVS 1.3 20.76 –1.08 .04 ProShUltBrazil BZQ 1.2 18.22 +1.47 .0185 SPDRSSgAIncmAllctn INKM 4.9 30.05 –0.93 .4056 VangdExDurTreas EDV 2.0 168.07 +4.31 .8378 XtrkRuss1000USQu QARP 2.2 27.46 –1.00 .1209
iShRussell1000 IWB 1.7 166.78 –4.88 .6002 PGIMActHYBd PHYL 6.7 38.52 –0.49 .2068 ProShrUS MSCI EAFE EFU .5 20.20 +0.32 .0083 SPDRSSgAMultiAsset RLY 3.8 20.91 –0.57 .1672 VangdAWxUSSC VSS 2.8 95.49 –0.88 2.15 XtrkS&P500ESG SNPE 2.1 26.52 –0.59 .1494
iShRussell1000Val IWD 2.9 109.36 –4.74 .6957 PGIMQMAStrAlSCG PQSG .9 45.43 –1.36 .1251 ProShUltMSCIEM EEV .7 32.75 –0.13 .0261 SPDRSSgAUltraShrt ULST 2.2 40.27 +0.01 .0461 VangdFTSEDevMk VEA 2.7 38.45 –0.61 .1981 XtrkrsShDurHYBd SHYL 6.4 44.83 –0.59 .2229
iShRussell2000Gwth IWO .8 199.18 –4.44 .317 PGIMQMAStrAlSCV PQSV 2.0 37.48 –1.56 .1751 ProShrUS MSCI Jpn EWV .2 22.84 +0.41 .0096 SPFdsDJGlbSukuk SPSK 2.1 19.94 –0.02 .0467 VangdFTSE EM VWO 3.3 39.55 –0.26 .17 XtrkrsUSDHYCorpBd HYLB 6.3 46.55 –0.95 .2236
June 29, 2020 BARRON’S M25

Bonds
U.S. Zero Coupons and Other Goverment Wkly Ask Wkly Ask Wkly Ask Wkly Ask Wkly Ask Wkly Ask
Agencys. Source: Bear Stearns Pricing Di- Rate Mo/Yr Bid Asked Chg. Yld. Rate Mo/Yr Bid Asked Chg. Yld. Rate Mo/Yr Bid Asked Chg. Yld. Maturity Type Bid Asked Chg. Yld. Maturity Type Bid Asked Chg. Yld. Maturity Type Bid Asked Chg. Yld.
rect Inc. via Street Software Technology, Inc. 25/8 May 21 102:05 102:05 – 1 0.16 21/2 Aug 23 107:07 107:08 + 3 0.18 11/2 Feb 30 108:07 108:08 + 17 0.62 May 22 np 99:20 99:24 + 1 0.13 Feb 29 ci 94:00 94:13 + 15 0.67 Feb 45 ci 68:26 69:19 + 60 1.48
Treasury Bills, Notes and Bonds, and TIPS. 31/8 May 21 102:19 102:19 – 2 0.16 61/4 Aug 23 118:30 118:30 – 1 0.18 05/8 May 30 99:26 99:27 + 13 0.64 May 22 np 99:18 99:23 + 2 0.15 Feb 29 bp 95:07 95:18 + 15 0.53 Feb 45 bp 70:12 70:17 + 58 1.42
Source: Telekurs 81/8 May 21 106:30 106:31 – 5 0.18 13/8 Aug 23 103:24 103:24 + 3 0.18 61/4 May 30 154:10 154:11 + 20 0.58 May 22 ci 99:20 99:21 + 2 0.18 Feb 29 np 95:05 95:06 + 14 0.57 May 45 ci 68:15 69:09 + 59 1.48
13/8 May 21 101:03 101:04 .... 0.15 23/4 Aug 23 108:03 108:03 + 2 0.19 53/8 Feb 31 148:30 148:31 + 21 0.61 May 22 np 99:23 99:24 + 1 0.12 May 29 ci 93:23 94:04 + 15 0.68 May 45 bp 70:03 70:08 + 60 1.42
US TREASURY BILLS 2
21/8
May 21
May 21
101:22
101:26
101:22
101:26
–
–
1
1
0.16
0.15
13/8
27/8
Sep 23
Sep 23
103:27
108:22
103:28
108:23
+
+
4
3
0.18
0.19
41/2 Feb 36 153:20 153:21 + 47 0.83 May 22 np 99:11 99:12 + 1 0.33 May 29 np 94:23 95:05 + 14 0.56 Aug 45 ci 68:07 69:01 + 61 1.48
43/4 Feb 37 160:02 160:04 + 45 0.86 Aug 22 ci 99:19 99:23 + 2 0.14 Aug 29 ci 93:14 93:28 + 16 0.69 Aug 45 bp 69:26 69:31 + 59 1.43
Wkly Ask 25/8 Jun 21 102:11 102:12 – 1 0.15 15/8 Oct 23 104:24 104:25 + 4 0.19 5 May 37 164:19 164:21 + 51 0.87 Aug 22 bp 99:21 99:26 + 2 0.09 Aug 29 bp 94:29 95:09 + 16 0.53 Nov 45 ci 68:00 68:27 + 62 1.48
Maturity Bid Asked Chg. Yld. 11/8 Jun 21 100:31 100:31 – 1 0.15 27/8 Oct 23 108:29 108:29 + 3 0.19 43/8 Feb 38 156:02 156:04 + 55 0.92 Aug 22 np 99:18 99:24 + 1 0.12 Aug 29 np 94:17 94:31 + 15 0.57 Nov 45 bp 69:20 69:25 + 60 1.42
15/8 Jun 21 101:15 101:15 – 1 0.15 23/4 Nov 23 108:18 108:19 + 3 0.20 41/2 May 38 158:13 158:15 + 55 0.94 Aug 22 ci 99:16 99:17 + 2 0.21 Nov 29 ci 93:03 93:17 + 17 0.71 Feb 46 ci 67:21 68:15 + 60 1.48
Jun 30 '20 0.09 0.08 -0.02 0.08 21/8 Jun 21 101:31 101:31 – 1 0.15 21/8 Nov 23 106:17 106:18 + 4 0.20 31/2 Feb 39 142:05 142:07 + 54 1.01 Aug 22 np 99:20 99:21 + 1 0.16 Nov 29 np 94:15 94:20 + 15 0.59 Feb 46 bp 69:07 69:12 + 60 1.43
Jul 02 '20 0.10 0.09 -0.02 0.09 25/8 Jul 21 102:18 102:18 – 2 0.16 27/8 Nov 23 109:03 109:04 + 3 0.20 41/4 May 39 155:07 155:09 + 57 1.02 Aug 22 np 99:18 99:20 + 1 0.18 Feb 30 ci 92:22 93:06 + 18 0.73 May 46 ci 67:11 68:04 + 59 1.49
Jul 07 '20 0.10 0.09 -0.02 0.09 11/8 Jul 21 101:01 101:02 .... 0.15 21/4 Dec 23 107:04 107:05 + 4 0.20 41/2 Aug 39 160:01 160:03 + 63 1.03 Nov 22 ci 99:15 99:19 + 2 0.17 Feb 30 np 94:03 94:08 + 18 0.62 May 46 bp 69:00 69:05 + 61 1.43
Jul 09 '20 0.11 0.10 -0.01 0.10 13/4 Jul 21 101:23 101:23 – 1 0.16 25/8 Dec 23 108:14 108:15 + 4 0.20 43/8 Nov 39 158:00 158:02 + 62 1.05 Nov 22 bp 99:19 99:25 + 4 0.09 May 30 ci 92:11 92:28 + 20 0.75 Aug 46 ci 67:03 67:29 + 59 1.49
Jul 14 '20 0.11 0.10 -0.03 0.10 21/4 Jul 21 102:08 102:08 – 2 0.16 21/2 Jan 24 108:05 108:06 + 4 0.21 45/8 Feb 40 163:00 163:02 + 63 1.06 Nov 22 np 99:16 99:22 + 2 0.12 May 30 bp 94:05 94:15 + 21 0.58 Aug 46 bp 68:23 68:28 + 60 1.43
Jul 16 '20 0.10 0.09 -0.02 0.09 21/8 Aug 21 102:06 102:07 – 1 0.16 23/4 Feb 24 109:05 109:06 + 4 0.21 11/8 May 40 99:20 99:22 + 47 1.14 Nov 22 ci 99:13 99:14 + 2 0.23 May 30 np 93:20 94:03 + 18 0.62 Nov 46 ci 66:26 67:20 + 60 1.49
Jul 21 '20 0.12 0.11 -0.02 0.11 23/4 Aug 21 102:29 102:30 .... 0.15 21/8 Feb 24 106:31 107:00 + 4 0.21 43/8 May 40 158:24 158:26 + 62 1.08 Nov 22 np 99:17 99:18 + 2 0.18 Aug 30 ci 92:01 92:16 + 18 0.77 Nov 46 bp 68:20 68:25 + 60 1.42
Jul 23 '20 0.12 0.11 -0.02 0.11 81/8 Aug 21 109:01 109:01 – 4 0.11 23/8 Feb 24 107:28 107:29 + 4 0.21 37/8 Aug 40 149:24 149:26 + 61 1.11 Feb 23 ci 99:13 99:18 + 4 0.16 Nov 30 ci 91:22 92:05 + 19 0.79 Feb 47 ci 66:20 67:13 + 60 1.49
Jul 28 '20 0.12 0.11 -0.03 0.11 11/8 Aug 21 101:04 101:04 .... 0.15 21/8 Mar 24 107:03 107:04 + 4 0.22 41/4 Nov 40 157:01 157:03 + 65 1.11 Feb 23 bp 99:19 99:25 + 3 0.08 Feb 31 ci 91:09 91:25 + 19 0.81 Feb 47 bp 68:16 68:22 + 61 1.42
Jul 30 '20 0.13 0.12 -0.03 0.12 11/2 Aug 21 101:18 101:18 .... 0.16 2 Apr 24 106:24 106:25 + 4 0.22 43/4 Feb 41 166:21 166:23 + 67 1.12 Feb 23 np 99:15 99:21 + 2 0.13 Feb 31 bp 93:11 93:27 + 20 0.60 May 47 ci 66:12 67:07 + 60 1.48
Aug 04 '20 0.13 0.12 -0.02 0.12 2 Aug 21 102:05 102:05 .... 0.15 21/4 Apr 24 107:23 107:24 + 4 0.22 43/8 May 41 159:25 159:27 + 67 1.14 Feb 23 np 99:11 99:12 + 1 0.23 May 31 ci 90:31 91:15 + 20 0.82 May 47 bp 68:05 68:09 + 62 1.42
Aug 06 '20 0.14 0.13 -0.02 0.13 231/4 Sep 21 103:04 103:04 – 1 0.16 21/2 May 24 108:24 108:25 + 4 0.22 33/4 Aug 41 148:03 148:05 + 69 1.17 Feb 23 ci 99:03 99:04 + 1 0.33 Aug 31 ci 90:20 91:05 + 21 0.83 Aug 47 ci 66:07 67:02 + 60 1.48
Aug 11 '20 0.13 0.12 -0.01 0.12 11/8 Sep 21 101:07 101:07 .... 0.15 2 May 24 106:29 106:29 + 4 0.23 31/8 Nov 41 136:06 136:08 + 67 1.20 Feb 23 np 99:07 99:08 + 1 0.28 Nov 31 ci 90:10 90:26 + 21 0.85 Aug 47 bp 67:25 67:29 + 60 1.43
Aug 13 '20 0.14 0.13 .... 0.13 11/2 Sep 21 101:21 101:22 .... 0.15 13/4 Jun 24 106:01 106:01 + 4 0.23 31/8 Feb 42 136:15 136:17 + 69 1.20 May 23 ci 99:09 99:17 + 3 0.17 Feb 32 ci 89:31 90:16 + 22 0.86 Nov 47 ci 65:31 66:27 + 61 1.48
Aug 18 '20 0.14 0.13 .... 0.13 27/8 Sep 21 102:14 102:15 .... 0.16 2 Jun 24 107:01 107:01 + 4 0.23 3 May 42 133:31 134:01 + 69 1.22 May 23 np 99:15 99:22 + 3 0.11 May 32 ci 89:20 90:05 + 23 0.88 Nov 47 bp 67:16 67:20 + 61 1.43
Aug 20 '20 0.13 0.12 -0.02 0.12 21/8 Oct 21 103:16 103:16 – 1 0.16 13/4 Jul 24 106:04 106:05 + 5 0.24 23/4 Aug 42 129:00 129:02 + 67 1.24 May 23 ci 98:30 98:30 .... 0.36 Aug 32 ci 89:08 89:26 + 24 0.89 Feb 48 ci 65:28 66:19 + 60 1.48
Aug 25 '20 0.14 0.13 .... 0.13 1 /4 Oct 21 101:14 101:14 .... 0.16 21/8 Jul 24 107:21 107:21 + 4 0.24 23/4 Nov 42 128:29 128:31 + 68 1.26 May 23 np 98:25 98:26 + 2 0.41 Nov 32 ci 88:29 89:15 + 24 0.90 Feb 48 bp 67:09 67:13 + 61 1.43
1 23/8
Aug 27 '20 0.14 0.13 .... 0.13 12 /2 Oct 21
Oct 21
101:25
102:14
101:25
102:15
....
....
0.15
0.16 11/4
Aug 24
Aug 24
108:24
104:05
108:24
104:05
+
+
4
5
0.24
0.24
31/8 Feb 43 136:13 136:15 + 68 1.27 Aug 23 ci 99:08 99:13 + 3 0.19 Feb 33 ci 88:18 89:04 + 25 0.92 May 48 ci 65:20 66:12 + 59 1.48
Sep 03 '20 0.13 0.12 -0.02 0.12 27/8 May 43 131:16 131:18 + 66 1.28 Aug 23 bp 99:14 99:21 + 4 0.11 May 33 ci 88:06 88:24 + 26 0.93 May 48 bp 67:02 67:06 + 60 1.43
2 Nov 21 102:16 102:17 .... 0.17 17/8 Aug 24 106:24 106:25 + 5 0.24 35/8 Aug 43 147:00 147:02 + 74 1.27 Aug 23 np 99:11 99:19 + 4 0.13 Aug 33 ci 87:28 88:14 + 28 0.94 Aug 48 ci 65:14 66:08 + 63 1.47
Sep 10 '20 0.14 0.13 -0.03 0.13 27/8 Nov 21 103:23 103:23 – 1 0.17 11/2 Sep 24 105:09 105:09 + 5 0.25 Aug 48 bp 66:29 67:01 + 62 1.43
Sep 17 '20 0.15 0.14 -0.01 0.14 33/4 Nov 43 149:25 149:27 + 76 1.28 Aug 23 np 99:03 99:04 + 1 0.28 Nov 33 ci 87:16 88:03 + 29 0.95
8 Nov 21 110:25 110:25 – 4 0.15 21/8 Sep 24 107:29 107:30 + 5 0.25 35/8 Feb 44 147:12 147:14 + 75 1.29 Aug 23 np 98:18 98:19 + 1 0.45 Feb 34 ci 87:04 87:23 + 29 0.96 Nov 48 ci 65:09 66:02 + 60 1.47
Sep 24 '20 0.15 0.14 -0.01 0.14 11/2 Nov 21 101:28 101:29 .... 0.16 11/2 Oct 24 105:11 105:12 + 5 0.25 Nov 48 bp 66:27 67:00 + 62 1.42
Oct 01 '20 0.15 0.14 -0.02 0.14 13/4 33/8 May 44 142:12 142:14 + 75 1.30 Nov 23 ci 99:03 99:08 + 4 0.22 May 34 ci 86:24 87:11 + 30 0.98
Nov 21 102:07 102:08 .... 0.16 21/4 Oct 24 108:18 108:19 + 5 0.26 31/8 Aug 44 137:10 137:12 + 73 1.31 Nov 23 np 99:07 99:15 + 4 0.16 Aug 34 ci 86:12 86:31 + 31 0.99 Feb 49 ci 64:31 65:29 + 60 1.46
Oct 08 '20 0.16 0.15 -0.01 0.15 17/8 Nov 21 102:13 102:14 .... 0.16 21/4 Nov 24 108:21 108:21 + 5 0.26 3 Nov 44 134:27 134:29 + 75 1.32 Nov 23 ci 98:29 98:30 + 1 0.31 Feb 49 bp 66:14 66:19 + 62 1.42
Oct 15 '20 0.16 0.15 -0.01 0.15 25/8 Dec 21 103:18 103:19 – 1 0.16 71/2 Nov 24 131:18 131:19 + 3 0.24 Nov 34 ci 85:31 86:19 + 32 1.00
21/2 Feb 45 124:07 124:09 + 72 1.34 Nov 23 np 98:29 98:30 + 1 0.31 Feb 35 ci 85:19 86:07 + 33 1.02 May 49 ci 64:25 65:23 + 59 1.46
Oct 22 '20 0.16 0.15 -0.01 0.15 15/8 Dec 21 102:06 102:06 – 1 0.16 11/2 Nov 24 105:14 105:14 + 4 0.26 3 May 45 135:07 135:09 + 77 1.33 Feb 24 ci 98:30 99:04 + 5 0.25 May 49 bp 66:07 66:12 + 61 1.42
Oct 29 '20 0.16 0.15 -0.02 0.15 2 Dec 21 102:23 102:24 .... 0.17 21/8 Nov 24 108:06 108:06 + 5 0.26 May 35 ci 85:06 85:27 + 34 1.03 Aug 49 ci 64:21 65:16 + 60 1.46
27/8 Aug 45 132:22 132:24 + 74 1.34 Feb 24 np 99:04 99:12 + 3 0.17 Aug 35 ci 84:25 85:14 + 35 1.04
Nov 05 '20 0.16 0.15 -0.02 0.15 21/8 Dec 21 102:29 102:30 .... 0.17 13/4 Dec 24 106:20 106:20 + 5 0.27 3 Nov 45 135:26 135:28 + 77 1.33 Feb 24 np 98:24 98:26 + 1 0.33 Aug 49 bp 65:31 66:04 + 62 1.42
Nov 12 '20 0.17 0.16 .... 0.16 21/2 Jan 22 103:18 103:19 – 1 0.17 21/4 Dec 24 108:27 108:28 + 5 0.27 Nov 35 ci 84:13 85:02 + 36 1.06 Nov 49 ci 64:20 65:07 + 59 1.46
21/2 Feb 46 124:27 124:29 + 74 1.35 Feb 24 ci 98:22 98:24 + 1 0.35 Feb 36 ci 84:01 84:23 + 36 1.07
Nov 19 '20 0.17 0.16 -0.01 0.16 13/8 Jan 22 101:29 101:29 .... 0.17 13/8 Jan 25 105:00 105:01 + 6 0.27 21/2 May 46 125:00 125:02 + 75 1.35 Feb 24 np 98:22 98:24 + 1 0.35 Nov 49 bp 65:26 65:31 + 63 1.42
Nov 27 '20 0.17 0.16 -0.01 0.16 11/2 Jan 22 102:03 102:03 .... 0.17 21/2 Jan 25 110:05 110:05 + 5 0.27 Feb 36 bp 87:14 87:20 + 37 0.85 Feb 50 ci 64:08 65:19 + 63 1.43
21/4 Aug 46 119:17 119:19 + 75 1.36 May 24 ci 98:24 98:30 + 5 0.27 May 36 ci 83:22 84:11 + 34 1.08
Dec 03 '20 0.16 0.15 -0.01 0.15 17/8 Jan 22 102:22 102:22 – 1 0.17 2 Feb 25 107:29 107:29 + 5 0.28 27/8 Nov 46 134:01 134:03 + 79 1.34 May 24 np 99:02 99:06 + 5 0.21 Aug 36 ci 83:10 84:00 + 36 1.09
Feb 50 bp 65:23 65:28 + 62 1.41
Dec 10 '20 0.16 0.15 -0.01 0.15 2 Feb 22 102:31 102:31 .... 0.17 75/8 Feb 25 133:27 133:28 + 3 0.26 3 Feb 47 137:07 137:09 + 81 1.33 May 24 ci 98:11 98:12 + 2 0.42 May 50 ci 64:03 65:08 + 67 1.43
1 11/8 Nov 36 ci 82:30 83:20 + 34 1.10
Dec 17 '20 0.16 0.15 -0.01 0.15 21/2 Feb 22 103:25 103:25 – 1 0.17 Feb 25 103:30 103:31 + 5 0.27 3 May 47 137:12 137:14 + 84 1.34 May 24 np 98:08 98:09 + 1 0.44 Feb 37 ci 82:11 83:02 + 27 1.12
May 50 bp 65:19 65:25 + 62 1.41
Dec 24 '20 0.17 0.16 .... 0.16 1 /8 Feb 22 101:19 101:19 .... 0.16 23/4 Feb 25 111:14 111:15 + 5 0.28 23/4 Aug 47 131:22 131:24 + 79 1.35 Aug 24 ci 98:19 98:25 + 5 0.30
Dec 31 '20 0.17 0.16 -0.01 0.16 13/4
7
Feb 22 102:20 102:20 .... 0.17 01/2
25/8
Mar 25 101:00 101:00 + 5 0.28 23/4 Nov 47 131:28 131:30 + 82 1.35 Aug 24 np 98:29 99:03 + 5 0.22
Feb 37
May 37
bp
ci
86:09
82:06
86:15
82:28
+
+
34
37
0.88
1.12 INFLATION-INDEXED
Jan 28 '21 0.17 0.16 -0.01 0.17 13/8 Feb 22 102:26 102:27 .... 0.17 Mar 25 111:01 111:01 + 5 0.29
Feb 25 '21 0.17 0.16 -0.02 0.16 2 /8
3/8
Mar 22 103:24 103:25 .... 0.17 03/8 Apr 25 100:13 100:13 + 6 0.29
3
31/8
Feb 48
May 48
138:00
141:07
138:02
141:09
+
+
83
84
1.35
1.34
Aug 24
Aug 24
ci
np
98:04
97:29
98:05
97:31
+
+
3
2
0.44
0.49
May 37
Aug 37
bp
ci
85:30
81:20
86:03
82:11
+
+
39
32
0.89
1.14
TREASURY SECURITIES
Mar 25 '21 0.17 0.16 -0.02 0.16 0 Mar 22 100:11 100:11 .... 0.17 27/8 Apr 25 112:12 112:13 + 5 0.29 3 Aug 48 138:19 138:21 + 85 1.34 Nov 24 ci 98:12 98:19 + 5 0.32
13/4 Mar 22 102:24 102:25 + 1 0.17 21/8 May 25 108:27 108:27 + 5 0.30 Nov 37 ci 81:11 82:02 + 38 1.14 Accr.
Apr 22 '21 0.16 0.15 -0.02 0.15 17/8 33/8 Nov 48 148:01 148:03 + 88 1.33 Nov 24 bp 98:26 99:00 + 6 0.23 Feb 38 ci 80:31 81:22 + 40 1.15
Mar 22 102:31 103:00 .... 0.17 01/4 May 25 99:26 99:27 + 7 0.28 3 Feb 49 139:04 139:06 + 86 1.35 Nov 24 np 98:23 99:02 + 6 0.22 Rate Mat. Bid/Asked Chg. *Yld Prin.
May 20 '21 0.16 0.15 -0.01 0.15 21/4 Apr 22 103:23 103:23 .... 0.17 27/8 May 25 112:18 112:19 + 6 0.30 Feb 38 bp 84:17 84:22 + 42 0.94
Jun 17 '21 0.17 0.16 -0.01 0.16 01/8 27/8 May 49 136:13 136:15 + 86 1.35 Nov 24 np 97:31 98:01 + 2 0.45 May 38 ci 80:17 81:08 + 41 1.16
Apr 22 99:29 99:30 + 1 0.16 01/4 Jun 25 99:24 99:25 .... 0.29 21/4 Aug 49 121:07 121:09 + 79 1.36 Nov 24 ci 97:29 97:30 + 3 0.47 1.250 07/20 99-32/02 + 5 0.183 1176
US NOTES AND 13/4
17/8
Apr 22
Apr 22
102:28
103:03
102:29
103:04
....
....
0.16
0.17
23/4
27/8
Jun 25
Jul 25
112:04
112:30
112:04
112:31
+
+
3
4
0.30
0.31 23/8 Nov 49 124:16 124:18 + 81 1.36 Feb 25 ci 98:08 98:16 + 6 0.33
May 38
Aug 38
bp
ci
83:31
80:04
84:04
80:27
+
+
43
41
0.97
1.18
1.125 01/21 100-31/01 + 5 -0.749 1173
BONDS 13/4
21/8
May 22
May 22
102:31
103:21
102:31
103:21
....
....
0.16
0.17
2
67/8
Aug 25
Aug 25
108:18
133:16
108:18
133:16
+
+
3
2
0.31
0.29
2
11/4
Feb 50
May 50
115:15
96:31
115:17
97:01
+
+
77
73
1.36
1.37
Feb 25
Feb 25
bp
np
98:22
98:18
98:29
98:30
+
+
6
9
0.24
0.23
Nov 38
Feb 39
ci
ci
79:18
78:30
80:07
79:21
+
+
41
36
1.20
1.23
0.125
0.625
04/21
07/21
100-16/18
101-25/27
+ 8
+ 3
-0.560
-1.126
1082
1138
Feb 25 ci 96:19 96:22 .... 0.72
Rate Mo/Yr
Wkly Ask
Bid Asked Chg Yld.
01/8
13/4
May 22
May 22
99:29
103:00
99:30
103:01
+
+
2
1
0.16
0.17
23/4
3
Aug 25
Sep 25
112:15
113:30
112:16
113:30
+
+
4
3
0.31
0.32 US ZERO-COUPONS Feb 25
May 25
np
ci
97:31
98:01
98:01
98:08
+
+
2
6
0.43
0.36
Feb 39
May 39
bp
ci
82:04
78:20
82:09
79:10
+
+
41
40
1.05
1.23
0.125
0.125
01/22
04/22
101-12/14
101-16/18
+ 5
+ 6
-0.808
-0.734
1133
1055
17/8 May 22 103:08 103:09 + 1 0.17 3 Oct 25 114:03 114:04 + 4 0.33 Wkly Ask. May 25 np 98:14 98:21 + 6 0.28
May 39 bp 81:16 81:21 + 42 1.08 0.125 07/22 102-13/15 + 7 -1.063 1115
15/8 Jun 20 100:00 100:01 .... -1.21 13/4 Jun 22 103:03 103:03 .... 0.16 21/4 Nov 25 110:06 110:06 + 4 0.34 Aug 39 ci 78:05 78:26 + 38 1.25 0.125 01/23 102-13/15 + 6 -0.836 1111
17/8 Jun 20 100:01 100:01 – 1 -1.66 01/8 Jun 22 99:29 99:29 .... 0.16 27/8 Nov 25 113:19 113:20 + 5 0.34 Maturity Type Bid Asked Chg. Yld. May 25 ci 98:00 98:02 + 4 0.40 Aug 39 bp 81:02 81:07 + 44 1.09
21/2 Jun 20 100:01 100:01 – 1 -1.04 13/4 Jun 22 103:04 103:05 .... 0.17 25/8 Dec 25 112:13 112:13 + 5 0.35 Aug 20 ci 99:31 100:00 .... 0.08 May 25 np 97:10 97:12 + 2 0.54 Nov 39 ci 77:25 78:17 + 45 1.25 0.625 04/23 103-30/32 + 7 -0.782 1033
11/2 Jul 20 100:02 100:02 – 1 -0.10 21/8 Jun 22 103:29 103:29 .... 0.16 25/8 Jan 26 112:17 112:18 + 5 0.35 Aug 20 bp 99:31 99:31 .... 0.15 Aug 25 ci 97:26 98:02 + 7 0.38 Nov 39 bp 80:13 80:18 + 46 1.12 0.375 07/23 104-06/08 + 6 -0.997 1102
15/8 Jul 20 100:04 100:05 .... -0.06 13/4 Jul 22 103:06 103:07 + 1 0.17 15/8 Feb 26 107:00 107:00 + 4 0.37 Aug 20 np 99:31 100:00 .... 0.12 Aug 25 bp 98:12 98:20 + 7 0.27 Feb 40 ci 77:18 78:08 + 47 1.25 0.625 01/24 105-08/10 + 8 -0.844 1099
2 Jul 20 100:05 100:06 – 1 -0.04 17/8 Jul 22 103:17 103:17 .... 0.17 6 Feb 26 131:15 131:16 + 4 0.34 Aug 20 np 99:31 100:00 .... 0.10 Aug 25 np 98:06 98:19 + 6 0.28 Feb 40 bp 80:06 80:12 + 48 1.12 0.500 04/24 105-01/03 + 8 -0.803 1017
25/8 Jul 20 100:07 100:07 – 2 -0.04 2 Jul 22 103:25 103:26 + 1 0.17 21/2 Feb 26 111:31 111:31 + 4 0.36 Aug 20 ci 99:28 99:28 + 1 0.77 Aug 25 ci 98:09 98:11 + 2 0.32 May 40 bp 79:20 79:26 + 48 1.14
Aug 20 np 99:28 99:28 + 1 0.73 Aug 25 np 97:24 97:26 + 2 0.43 0.125 07/24 104-10/12 + 9 -0.938 1080
11/2 Aug 20 100:06 100:06 – 1 -0.01 11/2 Aug 22 102:26 102:27 + 2 0.17 21/4 Mar 26 110:22 110:22 + 5 0.37 May 40 ci 77:00 77:22 + 48 1.27
25/8 Aug 20 100:10 100:10 – 2 0.08 15/8 Aug 20 np 99:31 99:31 .... 0.24 Nov 25 ci 97:17 97:26 + 8 0.41 0.125 10/24 104-18/20 + 10 -0.928 1000
Aug 22 103:03 103:04 + 1 0.16 23/8 Apr 26 111:16 111:16 + 5 0.38 May 40 bp 79:06 79:15 + 46 1.16
83/4 Aug 20 101:03 101:04 – 5 0.09 71/4 Aug 22 115:02 115:03 – 2 0.15 15/8 May 26 107:06 107:06 + 6 0.38 Nov 20 ci 99:31 100:00 .... 0.04 Nov 25 np 98:01 98:10 + 7 0.32 Aug 40 ci 76:19 77:09 + 50 1.28 0.250 01/25 105-01/04 + 11 -0.855 1083
13/8 Aug 20 100:07 100:07 – 1 0.05 15/8 Aug 22 103:04 103:05 + 2 0.17 21/8 May 26 110:04 110:05 + 6 0.39 Nov 20 np 99:30 99:31 .... 0.09 Nov 25 ci 95:29 96:01 .... 0.75 Aug 40 bp 78:24 79:04 + 51 1.17 2.375 01/25 114-30/01 + 11 -0.862 1361
21/8 Aug 20 100:11 100:11 – 1 0.03 17/8 Aug 22 103:22 103:22 + 1 0.17 17/8 Jun 26 108:24 108:24 + 6 0.40 Nov 20 np 99:29 99:30 .... 0.14 Feb 26 ci 97:09 97:17 + 9 0.44 Nov 40 bp 78:15 78:20 + 51 1.18 0.125 04/25 104-21/24 + 12 -0.844 993
25/8 Aug 20 100:14 100:14 – 2 0.02 11/2 Sep 22 102:30 102:30 + 1 0.16 17/8 Jul 26 108:26 108:27 + 7 0.40 Nov 20 ci 99:30 99:30 .... 0.15 Feb 26 bp 97:29 98:06 + 9 0.33 Nov 40 ci 76:06 76:31 + 51 1.29 0.375 07/25 106-21/24 + 12 -0.931 1082
13/8 Sep 20 100:08 100:09 – 1 0.05 13/4 Sep 22 103:17 103:18 + 2 0.17 11/2 Aug 26 106:18 106:19 + 6 0.41 Nov 20 np 99:24 99:24 + 1 0.61 Feb 26 np 97:24 98:02 + 7 0.35 Feb 41 ci 75:22 76:12 + 52 1.31
13/8 Sep 20 100:10 100:10 – 1 0.08 17/8 Nov 20 np 99:28 99:28 .... 0.27 May 26 ci 97:03 97:12 + 9 0.45 0.625 01/26 108-04/07 + 16 -0.822 1080
Sep 22 103:26 103:27 + 2 0.17 63/4 Aug 26 138:19 138:19 + 4 0.37 Feb 41 bp 77:31 78:06 + 53 1.20 2.000 01/26 115-28/32 + 16 -0.813 1292
2 Sep 20 100:15 100:16 – 1 0.06 13/8 Oct 22 102:24 102:24 + 1 0.17 13/8 Aug 26 105:27 105:27 + 6 0.41 Feb 21 ci 99:29 99:31 + 1 0.07 May 26 np 97:19 97:27 + 8 0.37
Feb 21 bp 99:28 99:30 .... 0.11 May 26 ci 95:15 95:21 .... 0.75 May 41 ci 75:04 75:29 + 51 1.33 0.125 07/26 106-04/06 + 17 -0.872 1070
23/4 Sep 20 100:21 100:22 – 1 0.07 17/8 Oct 22 103:31 103:31 + 1 0.17 15/8 Sep 26 107:13 107:14 + 7 0.42 May 41 bp 77:09 77:14 + 52 1.23
15/8 Oct 20 100:14 100:14 – 1 0.09 2 Oct 22 104:08 104:09 + 2 0.17 15/8 Oct 26 107:15 107:15 + 7 0.43 Feb 21 np 99:28 99:30 .... 0.11 Aug 26 ci 96:26 97:04 + 11 0.48 0.375 01/27 107-24/28 + 21 -0.793 1062
Feb 21 np 99:29 99:29 + 1 0.13 Aug 26 bp 97:18 97:28 + 10 0.35 Aug 41 ci 74:23 75:14 + 55 1.34
13/8 Oct 20 100:13 100:14 .... 0.10 15/8 Nov 22 103:14 103:14 + 2 0.17 2 Nov 26 109:27 109:28 + 7 0.43 Aug 41 bp 76:22 76:28 + 56 1.25 2.375 01/27 121-14/18 + 21 -0.823 1272
13/4 Oct 20 100:17 100:17 – 1 0.13 75/8 Nov 22 117:23 117:24 – 2 0.14 61/2 Nov 26 138:15 138:15 + 6 0.39 Feb 21 ci 99:28 99:29 .... 0.16 Aug 26 np 97:09 97:21 + 8 0.39 0.375 07/27 108-24/26 + 22 -0.839 1049
27/8 Oct 20 100:29 100:30 – 1 0.11 2 Feb 21 np 99:27 99:27 — 6 0.00 Aug 26 ci 95:02 95:02 .... 0.82 Nov 41 ci 74:06 75:00 + 55 1.35
Nov 22 104:13 104:13 + 1 0.17 15/8 Nov 26 107:17 107:17 + 7 0.43 Nov 41 bp 76:03 76:09 + 55 1.27 0.500 01/28 109-23/26 + 25 -0.761 1040
13/4 Nov 20 100:19 100:19 – 1 0.14 15/8 Dec 22 103:18 103:19 + 2 0.16 13/4 Dec 26 108:12 108:12 + 7 0.44 May 21 ci 99:26 99:29 .... 0.12 Nov 26 ci 96:18 96:28 + 10 0.50
25/8 Nov 20 100:30 100:30 – 1 0.12 21/8 May 21 bp 99:26 99:28 .... 0.13 Nov 26 bp 97:12 97:21 + 10 0.37 Feb 42 ci 73:27 74:20 + 55 1.36 1.750 01/28 119-14/16 + 25 -0.759 1224
Dec 22 104:28 104:28 + 1 0.17 11/2 Jan 27 106:25 106:26 + 7 0.45 Feb 42 bp 75:25 75:31 + 56 1.28
15/8 Nov 20 100:20 100:20 – 1 0.12 11/2 Jan 23 103:11 103:12 + 2 0.17 21/4 Feb 27 111:24 111:24 + 7 0.45 May 21 np 99:27 99:28 + 1 0.14 Nov 26 np 97:02 97:14 + 9 0.41 3.625 04/28 134-23/26 + 26 -0.710 1586
2 Nov 20 100:25 100:25 – 1 0.12 13/4 May 21 np 99:26 99:28 .... 0.14 Nov 26 ci 95:03 95:10 .... 0.75 May 42 ci 73:10 74:03 + 55 1.38
Jan 23 104:02 104:02 + 1 0.17 65/8 Feb 27 140:17 140:18 + 7 0.42 May 42 bp 75:05 75:11 + 56 1.30 0.750 07/28 112-27/30 + 26 -0.803 1022
23/4 Nov 20 101:03 101:03 – 1 0.11 23/8 Jan 23 105:21 105:22 + 1 0.17 11/8 Feb 27 104:12 104:12 + 6 0.46 May 21 ci 99:28 99:28 .... 0.13 Feb 27 ci 96:09 96:19 + 11 0.52 0.875 01/29 114-05/08 + 29 -0.739 1016
17/8 Dec 20 100:26 100:26 – 1 0.08 13/8 Aug 21 ci 99:26 99:29 + 1 0.07 Feb 27 bp 97:02 97:12 + 10 0.40 Aug 42 ci 72:30 73:24 + 57 1.38
Feb 23 103:04 103:05 + 2 0.17 05/8 Mar 27 101:02 101:02 + 8 0.46 Aug 42 bp 74:19 74:25 + 57 1.32 2.500 01/29 128-10/13 + 30 -0.718 1195
13/4 Dec 20 100:25 100:26 – 1 0.13 2 Feb 23 104:25 104:25 + 2 0.17 01/2 Apr 27 100:06 100:06 + 6 0.47 Aug 21 np 99:23 99:26 .... 0.17 Feb 27 np 96:28 97:06 + 10 0.43
23/8 Dec 20 101:03 101:04 – 1 0.14 71/8 Aug 21 bp 99:27 99:29 + 1 0.07 May 27 ci 96:00 96:11 + 11 0.54 Nov 42 ci 72:14 73:08 + 56 1.40 3.875 04/29 141-13/16 + 31 -0.692 1561
Feb 23 118:10 118:11 – 1 0.13 23/8 May 27 112:29 112:29 + 5 0.46 Nov 42 bp 74:00 74:05 + 56 1.34
21/2 Dec 20 101:05 101:06 – 1 0.14 11/2 Feb 23 103:17 103:17 + 2 0.17 01/2 May 27 100:04 100:05 + 8 0.48 Aug 21 np 99:25 99:28 + 1 0.11 May 27 np 96:21 96:31 + 10 0.45 0.250 07/29 109-15/18 + 30 -0.768 1003
2 Jan 21 101:00 101:01 – 1 0.12 25/8 Feb 23 106:16 106:17 + 2 0.17 21/4 Aug 27 112:12 112:13 + 5 0.48 Aug 21 ci 99:27 99:27 .... 0.13 Aug 27 ci 95:24 96:03 + 11 0.56 Feb 43 ci 71:31 72:22 + 54 1.41 0.125 01/30 108-06/09 + 31 -0.711 997
13/8 Jan 21 100:23 100:23 – 1 0.14 01/2 Mar 23 100:28 100:28 + 3 0.17 63/8 Aug 27 141:18 141:19 + 6 0.44 Aug 21 np 99:26 99:27 + 1 0.13 Aug 27 bp 96:21 97:00 + 12 0.43 Feb 43 bp 73:15 73:20 + 56 1.36 3.375 04/32 149-04/09 + 39 -0.641 1445
21/8 Jan 21 101:05 101:05 – 1 0.14 11/2 Mar 23 103:20 103:21 + 3 0.17 21/4 Nov 27 112:21 112:22 + 6 0.50 Aug 21 ci 99:16 99:17 + 1 0.40 Aug 27 np 96:12 96:25 + 10 0.46 May 43 ci 71:19 72:13 + 56 1.42
May 43 bp 73:03 73:08 + 55 1.37 2.125 02/40 148-14/19 + 87 -0.281 1187
21/2 Jan 21 101:12 101:12 – 2 0.15 21/2 Mar 23 106:12 106:13 + 3 0.17 61/8 Nov 27 141:03 141:04 + 6 0.45 Nov 21 ci 99:25 99:28 + 1 0.09 Nov 27 ci 95:15 95:26 + 12 0.58
21/4 Feb 21 101:10 101:11 .... 0.12 01/4 Nov 21 bp 99:24 99:28 + 1 0.10 Nov 27 bp 96:17 96:28 + 12 0.43 Aug 43 ci 71:04 71:31 + 58 1.43 2.125 02/41 150-10/16 + 86 -0.257 1171
Apr 23 100:06 100:07 + 3 0.17 23/4 Feb 28 116:23 116:24 + 7 0.51
Aug 43 bp 72:22 72:27 + 58 1.38 0.750 02/42 120-25/30 + 83 -0.197 1135
35/8 Feb 21 102:05 102:06 – 2 0.14 15/8 Apr 23 104:03 104:03 + 2 0.18 27/8 May 28 118:03 118:04 + 7 0.52 Nov 21 np 99:23 99:27 + 1 0.12 Nov 27 np 96:04 96:18 + 12 0.47
77/8 Feb 21 104:26 104:27 – 5 0.17 23/4 Apr 23 107:08 107:09 + 2 0.18 27/8 Aug 28 118:18 118:19 + 10 0.53 Nov 21 ci 99:25 99:26 .... 0.14 Feb 28 ci 95:05 95:17 + 13 0.60 Nov 43 ci 70:22 71:16 + 57 1.44 0.625 02/43 118-27/32 + 87 -0.195 1116
11/8 Feb 21 100:20 100:21 .... 0.15 01/8 May 23 99:27 99:27 + 3 0.17 51/2 Aug 28 139:22 139:23 + 11 0.51 Nov 21 np 99:28 99:29 + 1 0.06 Feb 28 np 95:30 96:09 + 12 0.50 Nov 43 bp 72:08 72:14 + 57 1.38 1.375 02/44 137-22/27 + 95 -0.190 1101
2 Feb 21 101:07 101:08 .... 0.14 13/4 May 23 104:16 104:17 + 3 0.17 31/8 Nov 28 121:00 121:01 + 10 0.55 Nov 21 np 99:25 99:25 + 1 0.15 May 28 ci 94:29 95:09 + 13 0.61 Feb 44 ci 70:10 71:02 + 56 1.45 0.750 02/45 123-14/20 + 95 -0.186 1089
21/2 Feb 21 101:18 101:19 .... 0.14 15/8 May 23 104:07 104:07 + 3 0.17 51/4 Nov 28 138:22 138:23 + 12 0.52 Feb 22 ci 99:22 99:26 + 1 0.12 May 28 np 95:21 96:08 + 12 0.49 Feb 44 bp 71:25 71:30 + 57 1.40
23/8 Mar 21 101:18 101:19 – 1 0.13 23/4 May 44 ci 69:29 70:23 + 60 1.46 1.000 02/46 130-23/28 + 94 -0.177 1083
May 23 107:15 107:16 + 2 0.18 25/8 Feb 29 117:10 117:11 + 12 0.56 Feb 22 np 99:21 99:25 .... 0.14 Aug 28 ci 94:20 95:01 + 14 0.63 0.875 02/47 128-26/32 +103 -0.186 1063
11/4 Mar 21 100:26 100:27 .... 0.14 01/4 Jun 23 100:06 100:07 + 4 0.18 51/4 Feb 29 139:23 139:24 + 13 0.53 Feb 22 np 99:20 99:24 + 2 0.15 Aug 28 bp 95:21 96:02 + 15 0.50 May 44 bp 71:14 71:18 + 58 1.41
21/4 Mar 21 101:18 101:19 .... 0.13 13/8 Jun 23 103:18 103:19 + 3 0.17 23/8 May 29 115:18 115:19 + 13 0.57 Feb 22 ci 99:23 99:23 .... 0.17 Aug 28 np 95:13 96:01 + 13 0.50 Aug 44 ci 69:14 70:09 + 57 1.47 1.000 02/48 133-17/22 +111 -0.188 1040
23/8 Apr 21 101:24 101:25 – 1 0.13 25/8 Jun 23 107:09 107:10 + 2 0.18 15/8 Aug 29 109:07 109:08 + 13 0.58 Feb 22 np 99:25 99:26 + 1 0.10 Nov 28 ci 94:10 94:22 + 14 0.65 Aug 44 bp 71:02 71:07 + 57 1.41 1.000 02/49 134-27/32 +111 -0.189 1019
13/8 Apr 21 101:00 101:01 .... 0.15 11/4 Jul 23 103:09 103:10 + 4 0.18 61/8 Aug 29 149:21 149:22 + 16 0.54 Feb 22 np 99:23 99:24 + 1 0.16 Nov 28 bp 95:14 95:25 + 14 0.52 Nov 44 ci 69:06 69:30 + 58 1.47 0.250 02/50 113-18/24 +113 -0.200 998
21/4 Apr 21 101:23 101:24 – 1 0.16 23/4 Jul 23 107:28 107:29 + 3 0.18 13/4 Nov 29 110:17 110:18 + 17 0.59 May 22 ci 99:21 99:25 + 2 0.12 Nov 28 np 95:06 95:19 + 14 0.54 Nov 44 bp 70:23 70:28 + 58 1.42 *Yld. to maturity on accrued principal.

MUNI ISSUES
Friday, June 26, 2020
Issue Coupon Maturity Price YTM Issue Coupon Maturity Price YTM Issue Coupon Maturity Price YTM Issue Coupon Maturity Price YTM
Building Aid Revenue Bonds, Fiscal 2016 4.000 07-15-45 1083/5 2.35 Hospital Facs Rev Ref & Improve Bonds, S 4.000 11-01-44 1057/9 2.59 Metro Transp Auth NY transp rev Ser 2013 5.000 11-15-38 1061/2 2.97 South Carolina Public Service Auth reven 5.500 12-01-53 110 2.44
Hospital Refunding Revenue Bonds, Series 4.000 08-15-47 1085/7 2.66 N.Y. University Revenue Bonds Series 201 4.000 07-01-45 1151/3 2.13 South Carolina Public Service Auth reven 5.000 12-01-48 1082/3 2.37
California (State) various purpose gener 5.000 11-01-43 112 1.34
HospitalRevenueAndRevenueRefundingB 4.000 04-15-43 108 2.84 Nebraska Health Facilities Revenue Bonds 3.000 05-15-46 1027/9 2.49 SystemRevenueandRefundingBonds,Seri 4.000 01-01-43 1121/3 2.22
California St Pub Wks lease revenue Seri 5.000 11-01-38 1112/5 1.51 HospitalRevenueAndRevenueRefundingB 4.000 04-15-48 107 2.99 Revenue&RevenueRefundingBonds,Serie 4.000 04-01-45 105 2.86 The City Of New York GO Bonds, Fiscal 20 4.000 03-01-39 107 /5 4 1.80
Consolidated Bds, One Hundrd Ninety-Thir 4.000 10-15-45 1074/5 2.43 Hospital Revenue Bonds 4.000 10-01-49 1072/3 3.00 Revenue Bonds, Series 2016A 3.000 10-01-41 104 2.33 TheNewSchoolRevenueBondsSeries2016 4.000 07-01-43 105 3.14
Grand Parkway Transp TX subordinate tier 5.000 04-01-53 115 0.39 Hospital Revenue Bonds, Series 2019A 4.000 01-01-46 1115/8 2.48 Revenue Bonds, Series 2016A 3.000 10-01-47 1031/7 2.46 Transportation Program Bonds, Series 201 4.250 06-15-44 1012/3 3.79
Health Facilities Revenue Bonds 4.000 11-15-45 1061/4 2.49 Hospital Revenue Refunding Bonds, Series 4.000 11-15-46 1067/8 2.82 Revenue Bonds, Series 2016A 4.000 08-15-39 1113/8 2.03 WaterandSewerSystemRevenueBonds,Ser 3.500 10-01-47 1083/8 2.25
Health System Rev Bds Srs 2016A and 2016 4.000 11-01-51 1078/9 2.42 Lease Revenue Bonds, Series 2018A 4.000 12-01-48 114 2.19 Revenue Bonds, Series 2017 4.000 08-15-47 1102/5 2.41 WaterandSewerSystemSecondGeneralRe 4.000 06-15-49 114 2.10
HospRevImprovementBds(W.VaUnivHeal 4.000 06-01-51 1078/9 2.89 McCormick Place Expansion Project Refund 4.000 06-15-50 94 4.36 Revenue Bonds, Series 2017 4.000 08-15-48 1102/9 2.53 Obligations issued by a state or municipality whose interest payments are
Hospital Facilities Rev Ref Bds (Sentara 4.000 11-01-48 1122/3 2.33 Memorial Sloan- Kettering Cancer Center 4.000 07-01-47 1112/7 2.26 School Facilities Construction Refunding 4.000 06-15-49 1011/2 3.82 exempt from Federal, and possibly from local taxation as well. n-new issue.
Hospital Facilities Revenue Bonds, Serie 4.000 05-15-47 1091/5 2.71 Metro Transp Auth NY transp rev bonds Se 5.000 11-15-43 106 3.15 Second Indenture Revenue Bonds Fiscal 20 4.000 02-15-44 1085/7 2.57 Source The Bond Buyer.
M26 BARRON’S June 29, 2020

Complete FOREIGN EXCHANGE LIST: Page M38 Foreign Markets Key Cross Rates $1=€0.8912, ¥107.22, £0.8106

Europe GLOBAL STOCK MARKETS Asia

No Boarders: Europe plans to ban most U.S. In Local Currencies In U.S. Dollars1 Standout: China is one of the few countries
travelers. Trump threatened the bloc with tariffs. Week's Week's expected to show growth this year, said the IMF.
Index % Chg. 6/26 52-wk Range % Chg. 6/26 52-wk Range
-1.99% S&P Europe BMI The World –2.3 1654.4 1874.3– 1251.5 –2.3 2157.2 2435.0– 1602.1 -0.06% S&P Pan Asia BMI
E.A.F.E.2 –1.3 1050.4 1219.1– 842.4 –1.3 1779.7 2057.7– 1354.3
-0.18 Sweden Australia –0.3 1160.7 1434.7– 910.3 –0.6 709.6 872.8– 467.9 India 1.74
Austria –4.5 384.6 584.8– 273.9 –4.3 813.9 1222.9– 560.7
-0.86 Netherlands Belgium –2.8 820.0 1169.3– 644.9 –2.7 1138.4 1602.7– 867.7 Taiwan 1.01
Canada –1.8 1914.3 2271.5– 1430.3 –2.9 1509.2 1856.1– 1063.8
-1.29 Finland Denmark –1.4 10308.5 10582.7– 7757.5 –1.2 11619.5 12069.3– 8380.3 South Korea 0.06
Finland –1.3 676.9 766.4– 492.2 –1.1 503.0 554.9– 353.7
-1.38 Denmark France –1.4 1775.8 2210.8– 1356.1 –1.2 1681.4 2055.9– 1241.8 China 0.01
Germany –2.1 904.9 1048.0– 639.1 –2.0 1896.2 2153.2– 1295.2
-1.43 France Greece –3.2 37.4 62.2– 29.7 –3.0 15.5 25.8– 11.9 -0.21 Hong Kong
Hong Kong –0.1 14719.7 18289.5– 12302.7 –0.1 10546.2 13018.0– 8808.8
-2.00 Germany Ireland –2.3 218.4 251.4– 152.4 –2.1 186.6 214.6– 125.9 -0.24 Japan
Italy –2.3 624.2 835.4– 490.8 –2.1 225.7 291.1– 175.6
-2.07 Switzerland Japan –0.3 955.4 1053.1– 754.2 –0.6 3209.5 3462.4– 2503.2 -0.56 Australia
Netherlands –1.1 1866.0 2022.8– 1339.8 –0.9 3428.3 3616.3– 2386.2
-2.35 Italy New Zealand 0.1 187.7 194.0– 150.5 –0.2 182.6 189.6– 129.5 -0.61 New Zealand
Norway –2.7 2495.3 3077.5– 2130.0 –4.2 1828.1 2519.3– 1377.6
-2.38 U.K. Portugal3 –2.2 92.7 113.1– 74.0 –2.0 68.0 80.0– 51.9 -0.85 Indonesia
Singapore –0.9 1389.3 1790.3– 1178.7 –0.8 3065.4 4055.6– 2483.6
-2.63 Belgium Spain –2.8 697.8 974.0– 589.8 –2.7 328.8 442.2– 275.0 -1.10 Singapore
Sweden –0.8 13089.2 15073.5– 10157.6 0.1 7223.9 8070.5– 5094.4
-2.76 Norway Switzerland –2.1 1343.9 1511.4– 1105.4 –1.9 6079.1 6600.7– 4831.4 -1.20 Malaysia
U.K. –2.2 1742.4 2211.0– 1428.2 –2.5 894.4 1196.0– 683.9
-3.01 Spain U.S.A. –2.8 2893.1 3236.7– 2128.1 –2.8 2893.1 3236.7– 2128.1 -1.65 Philippines
Base Jan. 1, 1970=1001Adjusted for foreign exchange fluctuations relative to the U.S. $.
2Europe, Australasia, Far East Index.3Base: Jan. 1, 1988=100.
-4.61 Greece -3.16 Thailand
Source: Morgan Stanley Capital International Perspective, Geneva.
Indexes based on S&P Global Broad Market Indices Source: S&P DJ Indices Indexes based on S&P Global Broad Market Indices Source: S&P DJ Indices

KEY FOREIGN STOCK MARKET INDEXES S&P Global Broad Market Indices
S&P Global S&P Global SP Global Point
Most Recent Week’s Year-to-Date Most Recent Week’s Year-to-Date Indexes, Indexes, Indexes, Chg. % Chg.
Close %Chg. Chg. % Chg. Close %Chg. Chg. % Chg. Region/ Local Curr. Wkly U.S. $ Wkly U.S. $ on From From
Country 06/26/20 % Chg. 06/26/20 % Chg. 12/31/19 12/31/19 12/31/19
Amsterdam AEX 559.82 –1.41 –44.76 –7.40 Mexico City IPC 37431 –2.53 –6109.07–14.03 Americas 322.88 — 2.90 352.84 — 29.96 — 8.49
Brazil 943.44 — 2.82 194.89 — 4.74 321.59 — 126.70 — 39.40
Athens General 641.95 –3.95 –274.72–29.97 Milan FTSE All Share 20991 –1.80 –4637.04–18.09 Canada 465.03 — 1.70 430.96 — 2.76 512.59 — 81.63 — 15.93
Chile 280.67 — 0.86 150.43 — 0.26 197.06 — 46.62 — 23.66
Bangkok SET 1330.34 –2.95 –249.50–15.79 Moscow RTS 1246.74 –0.23 –302.18–19.51 Mexico 622.13 — 2.42 218.85 — 4.09 310.96 — 92.11 — 29.62
U.S. 30620.42 — 2.90 30620.42 — 2.90 33035.38 — 2414.95 — 7.31
Bombay Sensex 35171 +1.27 –6082.47–14.74 Oslo Composite 869.72 –2.52 –162.52–15.74 Latin America 193.46 — 4.32 304.77 — 111.31 — 36.52
Europe 347.78 — 1.83 408.14 — 60.36 — 14.79
Brussels Bel-20 3304.54 –2.13 –651.29–16.46 Paris CAC 4909.64 –1.40 –1068.42–17.87 Austria 224.13 — 4.67 208.40 — 4.52 299.44 — 91.04 — 30.40
Belgium 306.66 — 2.63 285.13 — 2.47 368.41 — 83.28 — 22.60
Santiago Selective 2752.65 –0.89 –583.21–17.48 Denmark 2011.64 — 1.38 1893.96 — 1.21 1769.38 124.59 7.04
Buenos Aires Merval 40589 –0.88 –1081.52 –2.60
Finland 1329.36 — 1.29 1236.04 — 1.13 1329.35 — 93.31 — 7.02
Sao Paulo Bovespa 93834 –2.83 –21810–18.86 France 364.85 — 1.43 339.24 — 1.27 412.89 — 73.65 — 17.84
Copenhagen OMX 20 1246.65 –1.46 +110.86 +9.76
Germany 438.03 — 2.00 407.28 — 1.84 455.73 — 48.46 — 10.63
Seoul Composite 2134.65 –0.31 –63.02 –2.87 Greece 15.01 — 4.61 15.28 — 4.45 23.73 — 8.45 — 35.62
Dublin ISEQ 5976.34 –3.21 –1207.07–16.80
Ireland 616.22 — 2.90 572.96 — 2.74 665.38 — 92.42 — 13.89
Shanghai Composite 2979.55 +0.40 –70.57 –2.31 Italy 189.09 — 2.35 175.81 — 2.19 217.35 — 41.53 — 19.11
EURO STOXX SXXE 349.64 –1.74 –54.30–13.44
Netherlands 668.18 — 0.86 621.27 — 0.69 624.39 — 3.12 — 0.50
Shenzhen B Share Idx 877.86 +1.15 –83.76 –8.71 Norway 517.12 — 2.76 372.34 — 4.17 500.64 — 128.30 — 25.63
EURO STOXX 50 SXSE 3204.17 –1.99 –540.98–14.44
Portugal 58.51 — 2.31 59.54 — 2.15 68.24 — 8.70 — 12.74
Singapore FTSE STI 2604.51 –1.15 –618.32–19.19 Russia 2037.92 — 0.18 228.30 — 0.68 290.94 — 62.64 — 21.53
Frankfurt DAX 12089 –1.96 –1159.62 –8.75 Spain 324.02 — 3.01 301.27 — 2.85 399.59 — 98.32 — 24.61
Stockholm OMXS 644.67 –0.92 –36.14 –5.31 Sweden 1261.48 — 0.18 953.82 0.69 982.90 — 29.07 — 2.96
Helsinki OMHX 9207.84 –1.34 –666.81 –6.75 Switzerland 587.34 — 2.07 902.56 — 1.83 940.04 — 37.48 — 3.99
STOXX Europe 50 SXSP 2981.28 –2.25 –421.75–12.39 United Kingdom 245.39 — 2.38 200.17 — 2.75 267.99 — 67.82 — 25.31
Hong Kong Hang Seng 24549 –0.38 –3639.76–12.91 South Africa 805.35 — 1.37 226.73 — 1.45 316.49 — 89.77 — 28.36
STOXX Europe 600 SXXP 358.32 –1.95 –57.52–13.83 Pacific Region 222.98 — 0.12 238.86 — 15.88 — 6.65
Istanbul IMKB 114668 +0.93 +243.45 +0.21 Australia 422.41 — 0.56 419.80 — 0.79 485.26 — 65.47 — 13.49
Sydney S&P/ASX 200 5904.10 –0.65 –779.97–11.67
China 504.10 0.01 609.38 — 0.03 590.76 18.61 3.15
Jakarta Composite 4904.09 –0.77 –1395.45–22.15 Hong Kong 429.97 — 0.21 430.07 — 0.21 477.15 — 47.08 — 9.87
Taipel Weighted 11660 +0.96 –336.47 –2.80
India 999.39 1.74 519.03 2.47 624.41 — 105.38 — 16.88
Johannesburg All Share 54129 –0.18 –2954.76 –5.18 Japan 123.74 — 0.24 143.94 — 0.58 155.29 — 11.34 — 7.31
Tel Aviv 125 Index 1340.71 –4.73 –275.99–17.07
Malaysia 224.99 — 1.20 137.24 — 1.69 156.90 — 19.66 — 12.53
Kuala Lumpur Composite 1488.14 –1.27 –100.62 –6.33 New Zealand 374.93 — 0.61 467.66 — 0.98 494.63 — 26.97 — 5.45
Tokyo Nikkei-225 22512 +0.15 –1144.54 –4.84
Philippines 311.37 — 1.65 248.84 — 1.36 313.51 — 64.68 — 20.63
LISBON PSI 3134.55 –1.53 –230.70 –6.86 Singapore 161.19 — 1.10 189.40 — 1.01 224.34 — 34.94 — 15.57
Toronto S&P/TSX 15188 –1.84 –1874.45–10.99
South Korea 824.23 0.06 1163.73 0.82 1222.99 — 59.26 — 4.85
London FTSE - 100 6159.30 –2.12 –1383.14–18.34 Taiwan 116.19 1.01 128.49 1.11 129.43 — 0.94 — 0.72
Vienna ATX 2232.40 –3.72 –954.54–29.95
Thailand 295.01 — 3.16 458.51 — 2.86 567.16 — 108.65 — 19.16
Euro Zone 127.09 — 1.68 148.72 — 21.63 — 14.54
Madrid IBEX 35 7178.42 –3.18 –2370.78–24.83 Wellington S&P/NZX 50 11129 –1.12 –362.67 –3.16
Europe Developed (ex U.K.) 462.71 — 1.55 520.07 — 57.35 — 11.03
Europe (Nordic) 966.25 — 0.64 1005.63 — 39.38 — 3.92
Manila Composite 6191.84 –1.95 –1623.42–20.77 Zurich Swiss 10041 –2.19 –575.03 –5.42
Pacific (ex. Japan) 301.67 0.16 321.74 — 20.07 — 6.24
World (ex US) 188.92 — 1.09 214.75 — 25.84 — 12.03
Indexes are based on local currencies. Because of various holidays and other market closings, the most recent close is not necessarily S&P Global Broad Market Indices 253.00 — 2.08 279.60 — 26.60 — 9.51
that of the week of publication. GLOBAL DOW 2773.48 — 2.31 3251.24 — 477.76 — 14.69
s2020 S&P Dow Jones Indices. All Rights Reserved.
June 29, 2020 BARRON’S M27

Mutual Funds Data provided by

Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr.
NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. CASH TRACK NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret.
NTGrwth 18.24 -0.28 8.1 64.9 BostonBalanced 50.59 -0.72 -8.3 22.7 EqValA 10.73 -0.30 -15.1 6.6
A NTHeritage 12.32 -0.22 3.1 47.1
Out, Out!: Cash flows ebbed last week, leaving the month’s weekly average outflow from
Braddock Multi Strat: FocEqA t 18.66 -0.30 7.5 50.4
NTHighInc 8.96 -0.13 -5.0 9.0 Income Fund 6.71 0.04 -34.3 -25.5 Gbl Stgic Eq A p 13.97 -0.72 -5.7 20.5
AAM:
B&GIncGroClI 17.41 -0.52 -11.6 19.9
NTIntlVal 8.06 -0.07 -11.3 -7.0 equity funds at $9 billion. Taxable-bond funds gained $16 billion, on average, while muni- Bridge Builder Trust: GlobTech 45.74 -1.13 2.6 58.1
NTLgVal 9.72 -0.37 -16.5 6.1 CoreBond 10.92 0.02 6.1 17.1 HiYldBd 2.81 -0.04 -4.0 9.3
AB Funds: Sustain Equity 31.12 -0.73 -4.2 NS bond funds gained $2.6 billion. Money-market funds suffered outflows of $23.3 billion. CorePlusBond 10.56 0.00 5.3 16.3 IncmBldr t 11.89 -0.20 -1.5 12.8
AlBeGblBndFdClZ p 8.58 0.01 2.1 10.5 American Century I: Intl Eq 10.85 -0.10 -9.5 5.5 LgCpGrowA t 46.64 -0.77 6.9 49.7
AllMktRtrn1 7.17 -0.16 -17.1 -5.1 DivBnd 11.51 0.03 6.1 14.3
Equity Funds Municipal Bond Funds LargeCapGrowth 16.61 -0.36 4.9 53.5 LgCpIdx pn 46.45 -1.37 -6.2 29.1
CapFdInc.LCapGow 68.29 -1.54 8.4 66.5 EmgMkt 11.21 0.03 -7.7 8.5 6400 3500 LargeCapValue 11.47 -0.45 -15.8 8.5 LgCpVl A 11.59 -0.44 -17.6 4.4
DiscovValFd 14.45 -0.77 -26.6 -15.6 EqInc 7.78 -0.21 -13.9 9.9 MunicipalBond 10.48 0.01 0.4 10.1 LiGoBalA p 11.21 -0.66 -4.8 15.3
IntDurInstl 15.93 0.03 5.2 14.8
IntlStraEquPtZ 10.86 -0.05 -12.3 -2.0
Growth 39.20 -0.63 7.9 60.4 1600 -500 S/MCapGrowth 14.34 -0.29 -0.1 38.6 MdCpIndxA pn 12.82 -0.49 -16.2 1.7
IntTF 11.59 0.01 1.1 10.7 S/MCapValue 9.54 -0.45 -22.8 -7.7 MidCapGthA t 23.83 -0.50 1.4 40.8
MuniIncmShares 11.57 0.03 -2.7 13.2 MdCapVal 13.76 -0.58 -18.9 -2.0 Bridgeway Funds: SelgComuInfoA 81.39 -2.11 1.7 57.3
AB Funds - A: OneChoice2025 14.09 -0.14 -1.9 15.7 -3200 -4500 BluChip n 13.56 -0.47 -9.2 29.9 SmCpIdxA pn 17.97 -0.68 -22.2 -4.6
BalWlthStrA p 14.25 -0.16 -10.1 2.5 OneChoice2030 12.29 -0.14 -2.3 16.6 Brown Advisory Funds: StrAlloc 13.93 -0.13 -3.5 12.2
GlobalBondA p 8.59 0.01 1.9 9.6
GrowthA p 85.56 -2.14 6.8 63.1
OneChoice2035 15.29 -0.19 -2.9 17.2 -8000 -8500 GrowEqInv n 27.88 -0.63 7.4 77.5 StratIncA 5.90 -0.04 -1.0 10.3
SmCapVal 6.00 -0.26 -25.1 -10.0 GrwthEquityInst 28.28 -0.63 7.5 78.3 TaxEA 13.26 0.02 -1.0 9.8
HighIncomeA p 7.33 -0.07 -9.0 -0.5 Ultra 60.63 -1.01 11.6 71.1 SmCapGrInv n 21.51 -0.48 -2.7 32.0 TotReBdA t 9.68 0.00 6.3 16.7
LgCpGrA p 62.04 -1.41 8.2 64.8 American Century Ins: -12800 -12500 BrownSmCoInv n: Columbia Class Adv:
MuCA A p 11.13 0.00 0.1 8.6 CAIntTf 12.05 0.01 0.8 9.5 May Jun May Jun BrownSmCoInv n 111.42 -0.92 12.5 56.0 ContCore p 26.29 -0.66 -4.2 26.5
NtlMuA p 10.35 0.01 0.1 9.1 American Century Inv: Buffalo Funds: DivIncom 21.86 -0.60 -11.1 20.9
RelatValA p 4.61 -0.17 -18.1 6.8 Balanced n 18.93 -0.29 -0.4 22.1 Money Market Funds Taxable Bond Funds DiscFd n 24.05 -0.53 -0.7 34.1 Columbia Class C:
SmCpGroA p 57.45 -0.60 7.6 66.2
SmMdCpGrA p 11.83 -0.20 11.4 58.7
CaHYMu n 10.70 0.01 -1.3 11.7 173700 20200 SmCap n 15.21 -0.04 11.3 59.6 Balanced 42.87 -0.65 -1.2 18.4
CAIntTF n 12.05 0.01 0.7 8.8 ContCore p 22.79 -0.58 -4.7 22.8
SustGlblThemGrA p 128.76 -0.61
AB Funds - ADV:
4.8 37.1 DivBnd n
EmgMkt nr
11.50
10.94
0.02
0.03
5.9
-7.7
13.5
7.9
C DivInc t
Columbia Class I:
20.77 -0.57 -11.5 17.4
ConGroAdv 40.85 -1.70 -5.9 41.7 EqGro n 29.52 -0.79 -5.3 26.4 106800 -6200 Calamos Funds: Acorn I n 13.76 -0.33 -1.8 30.9
GlbBd 8.58 0.01 2.1 10.3 EqInc n 7.77 -0.21 -13.9 9.1 ConvI 17.96 -0.25 12.3 41.0 AcornIntl I n 29.28 -0.01 -10.0 9.1
HiIncmAdv 7.34 -0.07 -8.8 0.2 GinnieMae n 10.78 -0.01 3.4 10.4 Gr&IncA p 33.51 -0.87 -2.1 27.7 AltBeta I 7.11 0.00 -3.3 -22.4
IntlSmCapPtADV 9.62 -0.08 -14.3 -5.3 GlGold nr 13.08 0.58 18.3 56.3 39900 -32600 Gr&IncI 32.04 -0.83 -2.0 28.6 Balanced I 42.87 -0.64 -0.7 22.0
IntlStraEquPtADV 10.85 -0.05 -12.3 -2.0 GovtBd n 11.73 0.03 6.5 13.7 GrowthA p 31.79 -0.80 2.1 38.7 ConSec I n 22.88 -0.32 7.4 42.2
LgCpGrAdv 68.48 -1.55 8.3 66.0 Grwth n 38.37 -0.61 7.8 59.4 MktNeutA p 13.45 -0.09 0.3 10.4 ContCore I 25.78 -0.65 -4.2 26.5
NationalPtf 10.35 0.00 0.2 9.9 Heritage n 21.31 -0.38 2.8 43.6 MktNeutI 13.27 -0.09 0.4 11.2 CorpIncm I 11.19 -0.04 5.5 19.6
SelectUSLgShrt 12.51 -0.24 -4.6 18.4 -27000 -59000
IncGro n 34.92 -1.02 -9.3 16.8 Calvert Investments: DivIncom I 21.48 -0.59 -11.1 20.9
SmCapCorePortADV 9.54 -0.36 -18.9 -5.8 May Jun May Jun
InfAdjBd n 12.08 0.06 5.1 11.9 Bal A 34.44 -0.55 -1.3 25.6 DivOppty tn 7.42 -0.28 -15.5 7.0
SmMdCpGr 12.89 -0.21 11.6 59.9 InfProBd n 10.31 0.00 1.2 6.4 Eq A p 55.73 -1.23 1.0 60.7 GlbTechGw I 46.27 -0.27 12.3 82.3
SmMidCpValAdv 14.99 -0.80 -26.7 -15.8 Intl Gr n 12.53 0.01 -1.7 19.4 The charts above show four-week moving averages of net cash flow in millions of dollars. BARRON'S • Lipper FMI Carillon Eagle: HYMuni I 10.27 0.03 -2.9 10.6
SustGlbThemAdv 137.53 -0.65 5.0 36.9 IntlOppt n 10.62 -0.04 -0.1 17.9 MdCpGrA p 67.86 -1.66 2.9 43.6 IncOppty n 9.30 -0.12 -6.0 7.4
TxMgdWlthAppAdv 14.97 -0.32 -9.6 13.8 IntTF n 11.58 0.00 1.0 9.9 Carillon Reams: IntmMunBd I 10.45 0.01 0.5 8.8
WlthApprStr 15.46 -0.33 -9.5 13.9 Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr.
LgComVal n 9.07 -0.34 -16.9 3.6 NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. CorePlBd I 36.19 -0.08 12.5 23.7 LgCapGr 12.95 -0.23 9.1 53.5
AB Funds - C: MdCapVal n 13.75 -0.57 -19.0 -2.6 UnconstrndBd I 12.60 -0.09 5.7 13.4 LgCpGrow I n 49.03 -0.81 7.1 50.9
HighIncomeC p 7.41 -0.08 -9.4 -3.0 OneChAgg n 15.18 -0.24 -4.3 18.1 IncoA p 20.71 -0.43 -9.4 9.1 MidCapInst 47.69 -0.24 19.6 65.9 InflProtBdInst 11.42 0.05 6.1 14.1 NatlMuni 11.07 0.01 0.5 10.5 Carillon Scout: LgCpIdx I n 46.78 -1.37 -6.1 30.1
LgCpGrC t 44.00 -1.01 7.8 61.1 OneChCon n 13.55 -0.17 -0.9 14.6 IntBdA p 14.13 0.02 5.8 11.2 MidCapInv n 41.99 -0.22 19.5 64.7 LDurBlk 9.64 -0.01 1.2 7.9 NYMUNIOPP 10.83 0.00 -4.5 6.5 Intl I 15.64 -0.26 -16.6 -3.3 MdCpIdx I n 12.76 -0.49 -16.1 2.5
AB Funds - I: OneChMod n 15.13 -0.22 -2.5 16.8 IntlGrIncA p 30.58 -0.27 -14.8 1.5 MidCapVal Inv n 14.85 -0.76 -21.3 -8.9 LowDurBdA 9.65 0.00 1.1 7.1 ScTechOppInst 47.26 0.26 29.2 122.7 MidCap I r 17.65 -0.52 -7.2 14.3 MidCapGth I 26.16 -0.55 1.6 41.9
GlbBd 8.58 0.01 2.0 10.4 OneChoice2025 n 14.08 -0.14 -2.1 15.0 LtdTEBdA 16.08 0.00 2.0 8.3 SmCpInv n 38.42 -0.23 13.7 78.7 LowDurI Inst 9.65 0.00 1.2 7.7 StratIncOpptyIns 9.85 -0.02 0.0 9.5 CausewayInst : SelComunInfo tn 90.69 -2.35 1.8 58.5
LgCpGroI 68.06 -1.55 8.3 66.0 OneChoice2030 n 12.29 -0.13 -2.4 15.9 N PerA p 46.80 -0.80 -1.0 32.0 Ashmore Funds: BlackRock Funds A: StratMuniOppI 11.06 0.01 -5.0 5.9 CausewayInst 12.60 -0.37 -19.3 -11.5 SelLCVal pn 22.22 -0.70 -17.8 4.6
SmCpGroI 63.99 -0.67 7.7 67.4 OneChoice2035 n 15.27 -0.18 -2.9 16.5 NEcoA p 46.93 -0.72 2.6 40.7 EmgMktTRInst 6.81 NA NA NA AdvLCGrwA 17.56 -0.30 5.8 52.4 TotRet 12.40 0.02 5.2 15.3 Chartwell: SelMdCpVal I p pn 8.44 -0.36 -22.7 -4.9
Aberdeen Fds: OneChoice2045 n 15.86 -0.23 -3.9 18.1 NwWrldA 67.59 -0.43 -4.2 20.2 Ave Maria Funds: AdvLgCapCore p 16.02 -0.43 -5.1 27.8 BlackRock Funds R: Income n 12.41 -0.13 -5.9 3.4 SmCapGth I 23.66 -0.52 15.5 78.4
EmMktEqty Inst 14.37 -0.01 -10.4 0.5 OneChoiceRet n 12.63 -0.15 -1.6 14.1 SmCpA p 59.10 -0.69 0.5 30.7 Growth pn 36.80 -0.99 -3.2 48.2 BalCapFd 23.05 -0.33 -1.5 23.1 Equity Div p 17.61 -0.69 -15.9 8.0 CIBC Atlas: SmCpIdx I n 18.10 -0.69 -22.1 -3.9
UltStMuniIncInst 10.03 0.00 0.6 4.0 Select n 84.86 -1.73 5.8 56.0 STBFA p 10.18 0.01 3.1 7.5 RisingDivd n 16.12 -0.50 -13.4 17.1 BasicVal 16.83 -0.68 -18.5 1.9 GlblAlloc 18.21 -0.01 0.1 12.9 DispEq Inst 21.79 -0.56 -4.1 39.3 StratInc I 5.80 -0.04 -0.8 11.1
USSmCapEq Inst 32.47 -0.89 -5.8 13.0 SmCapGrowth n 18.68 -0.41 2.8 49.1 STTxExBdA 10.31 0.00 1.9 5.9 CAInsMuni 12.32 0.00 -3.0 7.3 BMO Funds: ClearBridge: TaxEZ n 13.26 0.02 -0.9 10.4
Acadian Emerging Markets:
AcadnEm Inv n 17.95 -0.18 -13.4 -4.9
SmCpVal n 5.93
Sustain Equity n 30.89
-0.26
-0.73
-25.2
-4.6
-10.6
36.9
TECAA p
TxExA p
18.02
13.33
0.01
0.00
1.0
1.2
11.3
11.4
B CapAppr
EqtyDivd p
30.45
17.44
-0.57
-0.68
10.4
-15.7
65.7
9.1
CorePlBdI
IntrTaxFree I
12.30
11.35
0.01
0.01
4.9 15.2
0.3 9.5
AggressGrowthA 161.37
AggressGrowthI 183.96
-6.51
-7.41
-7.8
-7.7
9.8
10.9
TotReBd I
USGvtMtg tn
9.68
5.64
0.00
0.02
6.3
2.5
17.4
12.2
AIG Funds: Ultra n 58.16 -0.97 11.5 70.0 WshA p 42.42 -1.21 -11.0 21.6 Baird Funds: GlblAlloc p 19.24 -0.02 0.2 14.0 IntTxFY n 11.36 0.01 0.2 8.7 AggressGrowthIS 186.42 -7.50 -7.6 11.2 USTrsIdx I 12.26 0.05 8.7 16.2
FDivStII t 13.74 -0.44 -18.7 -3.7 Value n 6.58 -0.35 -21.4 -3.0 AMG Managers Funds: AggBdInst 11.78 0.00 6.4 16.9 HlthScOp p 65.74 -1.71 1.8 42.5 UltrShtTxFrI 10.06 0.00 0.4 4.2 AllCapValueA 10.24 -0.43 -23.2 -11.9 Columbia Class I2:
Akre Funds: American Century R5: Brandywine I n 50.81 -1.16 -2.3 32.3 CorBdInst 12.07 0.00 5.8 17.0 LgCp Focus Gr 5.20 -0.08 12.8 66.5 BNY Mellon Funds: AppreciationA 24.06 -0.69 -8.4 27.8 ContCore I2 26.27 -0.66 -4.2 26.8
AkreFocusInst 48.20 -1.26 5.7 77.7 InfProBd 10.39 0.00 1.2 7.1 GWKMBd I 12.34 -0.02 2.2 10.8 IntBdInst 11.75 -0.01 5.5 13.8 MdCpGrA 27.98 -0.58 7.6 64.7 Aprec pn 32.66 -0.75 -1.3 39.0 AppreciationI 23.90 -0.69 -8.3 28.9 DivIncom 21.84 -0.60 -11.0 21.2
AkreFocusRtl 46.93 -1.23 5.5 76.3 American Century R6: LoomisSaylesBd I 26.84 -0.09 0.6 11.6 QualIntMunBdInst 11.94 -0.02 2.7 9.5 MultiAstIncome 10.32 -0.10 -3.9 8.5 CA AMTMuBdZ nr 14.95 0.00 0.7 9.2 AppreciationIS 23.99 -0.69 -8.3 29.3 MidCapIndx 13.07 -0.49 -16.1 2.5
Alger Funds A: AmCentUltraFdR6 60.83 -1.01 11.7 71.8 LoomisSaylesBd N n 26.84 -0.08 0.5 11.1 ShtTBdInst 9.94 -0.01 2.8 9.6 NatlMuni p 11.08 0.01 0.4 9.6 Dr500In tn 47.19 -1.39 -6.2 29.0 DividendStrat1 n 22.35 -0.77 -12.1 20.4 SmCapIndx 18.56 -0.71 -22.1 -3.9
CapApr 29.80 -0.62 10.6 61.5 EqInc 7.79 -0.21 -13.7 10.4 TSIntlSC I 14.27 -0.19 -12.2 -3.8 Baron Funds: NYMUNIOPP 10.84 0.00 -4.5 5.7 Dreyf n 12.33 -0.30 0.1 38.2 DividendStratA 22.32 -0.77 -12.2 19.4 Columbia Class I3:
SpectraN 24.65 -0.54 9.8 59.2 Growth 39.17 -0.62 8.0 61.1 TSSmCapGrFd Z 18.56 -0.54 0.9 46.5 Asset n 89.90 -1.19 4.2 51.7 ScTechOppA 43.64 0.24 29.1 121.0 DreyMid r Inv nr 27.30 -1.04 -16.2 1.7 DividendStratI 23.01 -0.78 -12.1 20.6 Balanced I3 43.31 -0.65 -0.6 22.4
Alger Funds I: MdCapVal 13.76 -0.57 -18.8 -1.5 TSSmCpGrFd N n 17.83 -0.52 0.8 45.6 EmergingMkts n 13.79 0.05 -6.3 5.2 StratMuniOpp 11.06 0.01 -5.0 5.2 DynTotRetY 15.67 -0.16 -5.2 3.9 LargeCapGrowthA 50.74 -1.12 3.9 51.6 ContCore I3 p 26.29 -0.66 -4.2 27.0
CapAppr I-2 89.42 -1.88 10.5 63.2 OCP2025 10.73 -0.11 -1.9 16.2 YachtmanFocFd I 16.31 -0.44 -10.3 19.9 Growth n 79.51 -1.76 -3.8 40.9 StrtIncOpptyInvA 9.85 -0.02 -0.1 8.6 FloRtIncY 10.87 -0.09 -4.0 4.2 LargeCapGrowthI 56.80 -1.25 4.0 52.9 DivIncom 21.87 -0.60 -11.0 21.4
Alger Funds Inst: OCP2030 11.20 -0.13 -2.3 16.9 YacktFocFd N n 16.35 -0.44 -10.4 19.3 Opportunity n 29.19 0.01 27.6 108.6 TotRet 12.40 0.02 4.9 14.2 GblRealRtY 15.02 -0.11 -2.0 9.6 LargeCapValueI 28.65 -1.11 -14.9 7.2 SelLgCpGr t 14.06 -0.26 9.2 54.2
CapApprI 38.15 -0.79 10.5 61.5 OCP2035 10.86 -0.13 -2.7 17.6 YacktmanFd I 18.16 -0.51 -11.3 16.3 Partners n 76.64 -3.25 11.0 58.8 BlackRock Funds Blrk: GlbStkI 22.02 -0.42 -4.5 32.9 MidCapA 29.35 -1.06 -14.5 5.0 STBond 9.88 0.01 0.4 6.8
Allianz Fds Admin: American Century Y: Angel Oak Funds Trst: SmallCap n 29.70 -0.75 1.2 38.3 CapAppr 33.84 -0.63 10.6 67.7 GlFxIncI 22.75 -0.07 3.7 12.5 SmallCapGrowthA 35.41 -0.46 2.4 48.9 Columbia Funds:
RCMTechI 79.75 -0.06 22.0 92.8 IntTF 11.58 0.01 1.1 10.7 AglOkMtiStFdClIn 10.08 0.00 -6.4 3.4 Baron Instl Shares: BlackRock Funds C: HYldI 5.76 -0.08 -4.4 8.6 SmallCapGrowthI 38.54 -0.50 2.5 50.2 UltShortBd Inst3 9.04 0.00 1.0 6.7
Allianz Funds A: American Funds Cl A: AQR Funds: AssetInst 93.84 -1.24 4.3 52.9 EqtyDivd t 16.63 -0.65 -16.0 6.7 InstS&PStkIdx I 56.06 -1.64 -6.0 30.2 SmallCapGrowthIS 39.13 -0.51 2.6 50.8 Commerce Funds:
RCMGrowthA 56.66 -0.92 10.0 57.5 2010TarRetA p 11.08 -0.11 -1.1 13.7 LgCapDefStyle I 22.25 -0.58 -6.5 31.2 DiscoveryInst 23.45 -0.28 8.3 48.6 GlblAlloc t 17.09 -0.02 -0.2 11.5 Interm n 13.73 0.00 0.9 9.3 Clipper: Bond n 20.87 0.04 4.1 13.9
RCMTech t 66.65 -0.06 21.8 90.7 2015TarRetA p 11.68 -0.13 -1.5 14.4 LgCapDefStyle N 22.19 -0.59 -6.6 30.1 EmergingMktsInst 13.83 0.04 -6.2 5.9 HlthScOp 56.64 -1.48 1.4 39.5 IntlStkI 21.03 -0.12 -0.6 27.1 ClipperFd n 105.12 -4.92 -14.4 7.6 NatTFBd n 20.41 0.00 2.7 11.2
AllianzGI: 2020TarRetA p 12.81 -0.15 -1.2 16.2 LgCapDefStyle R 22.22 -0.59 -6.5 31.5 GlobalAdvInst 39.06 0.30 34.1 118.5 MultiAstIncome 10.31 -0.10 -4.2 6.1 IntlStkY 20.78 -0.12 -0.6 27.3 Cohen & Steers: Community Capital Tr:
MidCpValA 24.97 -0.71 -18.7 -3.8 2025TarRetA p 13.96 -0.17 -0.8 19.2 LgCapMomStyle I 21.40 -0.40 -1.2 38.7 GrowthInst 82.53 -1.83 -3.7 41.9 BlackRock Funds III: MunBd nr 11.85 0.01 0.5 10.2 GlbRltyI 46.33 -1.31 -18.9 1.1 CRAQualInvFd 10.90 0.02 3.5 9.3
Amana Income: 2030TarRetA p 14.86 -0.21 -2.0 20.6 LgCpMultiStyle R 15.60 -0.48 -9.4 13.5 PartnersInst 78.71 -3.33 11.1 60.1 iShS&P500IdxK 357.94 -10.53 -5.9 30.9 NewtonIntlEqY 19.31 -0.08 -9.2 0.7 InstlRlty 39.33 -1.63 -15.5 9.3 Credit Suisse Common:
AmanaIncm n 49.59 -0.82 -5.5 24.0 2035TarRetA p 15.30 -0.25 -3.0 22.7 LngShrtEq I 9.19 -0.05 -17.1 -23.2 SmallCapInst 31.20 -0.79 1.3 39.4 iShUSAggBdIdxK 10.93 0.02 6.3 15.9 NY Tax nr 14.93 -0.01 0.8 8.8 IntlRltyI r 10.47 -0.23 -16.6 9.2 ComdtyRet r 3.71 -0.08 -19.9 -16.4
AmanaGrowth n: 2040TarRetA p 15.62 -0.28 -3.6 23.0 MgdFutStrI 8.42 0.13 1.3 -4.1 BerkshireFocus n: BlackRock Funds Inst: ResrchGrA 16.43 -0.73 10.9 57.0 PrefSecIncmA 13.42 -0.04 -3.8 10.6 Cullen Funds:
AmanaGrowth n 46.14 -0.60 3.4 56.8 2045TarRetA p 15.90 -0.29 -3.7 23.4 MgdFutStrN 8.27 0.14 1.3 -4.9 BerkshireFocus n 34.71 0.19 26.0 123.0 AdvIntl Inst 14.87 -0.19 -12.3 -1.1 ResrchGrZ n 16.83 -0.76 11.1 58.0 PrefSecIncmC 13.33 -0.04 -4.1 8.5 HiDivEqI r 13.77 -0.55 -18.8 -0.6
Amer Beacon Insti: 2050TarRetA p 15.61 -0.29 -3.8 23.7 StylePremAlt I 6.63 -0.04 -18.7 -28.0 Bernstein Fds: AdvLgCapCore 16.71 -0.45 -4.9 28.8 SelMgrSmCpGroY 24.76 -0.36 -3.3 28.6 PrefSecIncnI 13.45 -0.05 -3.7 11.5
IntlInst
LgCapinst
14.83 -0.23
21.82 -0.91
-19.7
-20.3
-11.6
0.4
AmcpA p
AMutlA p
32.80
38.77
-0.79
-1.01
-0.6
-9.9
37.1
18.0
StylePremAlt R 6.65
Aquila Funds:
-0.04 -18.6 -27.9 Ca Mu n
DivrMuni n
14.41
14.55
0.01
0.00
0.6
0.9
7.0
7.7
BalCapFd
BasicVal
23.17
17.12
-0.33
-0.69
-1.3
-18.3
24.1
2.8
SmCpStk r Inv nr 22.21
SmMidCpGrI 30.61
-0.84
-0.22
-22.3
22.1
-4.7
83.9
RltyIncA p
RltyIncI
13.77
14.60
-0.55
-0.58
-16.5
-16.4
6.2
7.0
D
LgCpVal Inst 21.05 -1.11 -22.4 -6.0 BalA p 27.42 -0.43 -2.5 21.7 HI TF A 11.56 0.00 2.1 6.9 EmMkts n 25.14 -0.14 -12.5 -5.3 CAInsMun 12.33 0.00 -2.9 8.1 StratValA r 29.54 -1.25 -21.6 -0.6 RltyShs n 55.47 -2.26 -15.5 8.7 Davenport:
SmCpInst 17.38 -0.89 -28.6 -18.8 BondA p 14.00 0.02 8.1 16.8 ArbitrageI : IntlPort 15.17 -0.16 -11.6 -3.9 CapAppr 33.57 -0.63 10.6 67.0 U.S.EqY 19.90 -0.42 -5.9 32.9 Colorado BondShares: Davenport Core n 24.85 -0.72 -7.7 23.7
Amer Beacon Inv: CapIBA p 56.71 -1.03 -8.8 4.6 ArbitrageI 13.44 0.00 0.7 7.5 IntmDur n 13.92 0.03 4.7 13.9 EmgMkts 24.16 -0.23 -6.9 22.7 WWGrA 53.78 -1.08 -0.3 33.2 ColoradoBdShs 9.12 0.01 0.7 14.6 EqOpp n 18.66 -1.97 -12.8 24.6
LgCapInv 19.93 -0.84 -20.4 -0.6 CapWA p 20.51 0.01 2.3 10.5 Ariel Investments: NY Mun n 14.01 0.00 -0.1 6.1 EqtyDivd 17.51 -0.68 -15.6 9.9 BNY Mellon Funds Tru: Columbia Class A: Val&Incm n 13.85 -1.02 -21.4 -2.6
American Century A: CapWGrA 48.02 -0.69 -7.3 14.3 ApprecInv pn 35.32 -1.98 -20.8 -9.2 TxMgdIntl n 15.76 -0.16 -11.8 -3.9 FloRateIncPorIns 9.41 -0.10 -4.1 6.0 BondFd 13.57 0.02 5.7 15.4 AcornA t 10.81 -0.26 -1.9 30.0 Davis Funds A:
EqIncA p 7.77 -0.21 -14.0 8.3 EupacA p 52.72 -0.18 -5.3 12.3 Ariel Inv pn 49.97 -2.81 -23.2 -9.7 BlackRock Funds: LgCpFocusGwth 5.70 -0.08 13.1 68.3 EmgMkts 10.13 0.00 -12.4 1.8 AMTTEBd 4.08 0.01 0.1 12.6 NYVen A 25.20 -1.11 -15.0 9.2
American Century G: FdInvA p 55.89 -1.50 -8.0 22.2 Artisan Funds: CoreBd A 10.37 0.01 5.6 14.9 GlblAlloc 19.39 -0.01 0.3 15.0 IncomeStk 6.71 -0.31 -23.8 -1.7 BalancedA t 42.96 -0.65 -0.8 21.1 Davis Funds C & Y:
GlBond 10.29 0.01 1.4 NS GBalA p 32.83 -0.40 -3.8 11.4 GblOppInst 30.60 -0.16 9.3 47.2 CoreBd Inst 10.34 0.00 5.5 15.6 GlobLg/ShrtCrIns 9.67 -0.04 -2.6 4.7 IntlFd 11.81 -0.13 -12.3 -0.9 BldrAggrsv 11.25 -0.79 -6.8 15.3 NYVenY 25.93 -1.14 -15.0 10.1
InfAdjBd 12.07 0.06 5.3 NS GovtA p 14.92 0.06 8.9 14.4 GblOppInv n 30.11 -0.16 9.2 46.1 CoreBd K 10.38 0.01 5.6 15.8 HlthScOp 69.37 -1.81 1.9 43.7 IntmBdFd 13.04 0.00 3.8 10.5 BldrMod p 10.55 -0.50 -3.1 14.2 Del Invest Instl:
NT IntlGr 11.39 0.01 -0.8 25.5 GwthA p 53.23 -1.36 4.1 44.0 Intl Inv n 30.28 -0.09 -9.0 14.4 CreStraInc Inst 10.00 -0.06 -1.2 12.1 HYMuni 9.54 0.07 -3.1 12.1 MCMultiStrM 17.03 -0.52 -7.2 20.6 ContCoreA p 25.55 -0.65 -4.3 25.5 CorpBdI 6.31 -0.01 5.1 19.7
NT MdCapVal 10.48 -0.44 -18.6 0.3 HI TrA p 9.28 -0.13 -5.1 6.6 IntlInst 30.46 -0.10 -8.9 15.1 HiYBlk 7.19 -0.10 -4.9 10.4 iShMSCIIntldx 12.24 -0.15 -11.7 1.6 NtlIntmMuni 13.94 0.01 1.3 10.3 DisplCoreA p 11.25 -0.36 -5.8 27.4 USGrw 25.91 -0.42 10.9 51.2
NTDvBnd 11.51 0.03 6.4 15.7 HiInMuniA 15.86 0.04 -1.9 12.1 IntlVal Inst 31.09 -0.36 -16.0 -4.1 HiYInvA 7.18 -0.11 -5.1 9.0 MdCpGrEq 32.47 -0.68 7.8 66.1 NtlShTMuni 12.90 0.00 0.8 4.8 DivIncA t 21.47 -0.58 -11.2 20.0 Value 18.19 -0.70 -17.8 5.4
NTEqGrp 10.37 -0.28 -4.8 28.8 ICAA p 36.75 -0.97 -6.0 20.6 IntlVal Inv n 30.99 -0.37 -16.2 -4.8 HiYldBd Inst 7.18 -0.11 -5.0 10.0 MultiAstIncome 10.33 -0.11 -3.7 9.3 Boston Trust Walden: DivOpptyA 7.38 -0.28 -15.6 6.2 Delaware Invest A:

About our Funds
The listings include the top 2500 open-end funds by assets. These funds value their portfolios daily and report net
asset va lues (the dollar amount of their holdings divided by the number of shares outstanding) to the National
Association of Securities Dealers. Total returns reflect both price changes and dividends; these figures assume that
all distributions are reinvested in the fund. Because Lipper is constantly updating its database, these returns may
differ from those previously published or calculated by others. 3 year returns are cumulative. The NAV is the last
reported closing price for the week. Footnotes: NA: not available. NE: performance excluded by Lipper editor. NN:
fund not tracked. NS: fund not in existence for whole period. e: ex capital gains distributions. f: previous day’s
quote. n: no front- or back-end sales charge. p: fund assets are used to pay marketing and distribution costs (12b-1
fees). r: fund levies redemption fee or back-end load. s: stock dividend or split of 25% or more. t: fund charges
12b-1 fees (for marketing and distribution) and a back-end load. v: capital-gains distribution may be a return of
capital. x: ex cash dividend. All data supplied by Lipper.
M28 BARRON’S June 29, 2020

Mutual Funds Data provided by

Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr.
NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret.
Diver Inc p 9.14 -0.01 5.2 15.2 CoreFxdIncmI 11.15 0.02 2.0 11.3 GlexUSIdxInstPre n 11.87 -0.12 -11.4 2.5 FAFree2035I 12.81 -0.22 -6.4 18.2 Eq Inc n 51.49 -1.80 -14.3 8.9 SrsGroCoRetail 21.60 -0.31 21.7 84.8 US Gov A1 p 6.16 0.00 3.3 9.2 NationwideInstSv 22.07 -0.71 -3.9 29.6
GrEq A p 12.30 -0.22 1.6 29.0 CorFxdIncN n 11.14 0.02 1.8 10.5 GrowthCompanyK6 13.86 -0.22 20.5 NS FAFree2045A 10.57 -0.20 -7.5 16.5 EqDivIncm n 21.31 -0.80 -16.6 4.6 SrsIntlGrw 16.98 -0.12 -3.1 26.5 Utils A1 p 18.73 -0.54 -14.1 11.7 Gateway:
GroInA p 11.36 -0.41 -17.9 1.2 EmgMktIncmI 10.07 0.00 -3.2 6.8 HighIncome C 8.21 -0.10 -6.0 NS FF2005 n 12.29 -0.05 0.4 14.4 EqIncK 51.46 -1.79 -14.2 9.2 SrsIntlSmCp 15.96 -0.12 -7.8 15.6 Franklin Templeton: GatewayA 33.08 -0.42 -4.1 5.9
OppA p 21.34 -1.01 -25.7 -11.4 FlexibleIncomeI 9.17 0.00 -3.9 5.0 InflPrBdIndInsPr n 10.69 0.05 6.2 14.9 FF2010 n 15.14 -0.09 -0.6 15.3 Europ nr 33.31 -0.27 -8.1 3.2 SrsIntlVal 8.33 -0.07 -15.9 -9.2 TgtGroA p 17.55 NA NA NA GE Elfun/S&S:
SmCpValA p 43.35 -2.23 -29.0 -18.2 GlobalBondN 10.44 0.00 -0.2 3.8 IntlIdxInstPrem n 38.02 -0.43 -11.5 1.9 FF2015 n 12.30 -0.10 -1.5 15.9 Export n 16.82 -0.93 -23.1 2.0 SrsSmCapDiscRet 9.48 -0.25 -18.3 0.5 TgtModA p 14.82 NA NA NA RSPIncm n 12.29 0.00 5.2 15.1
SMIDCapGrA p 30.90 0.13 24.5 104.2 InfraIncomeI 10.32 0.00 0.7 11.1 IntlIndex n 9.26 -0.09 -11.1 NS FF2020 n 15.34 -0.15 -2.4 16.2 Fidel n 52.72 -1.01 3.9 48.4 STBF n 8.85 0.00 2.6 8.5 FrankTemp/Frank Adv: RSPUSEq n 55.69 -1.73 -2.8 35.2
TotRtA p 13.68 -0.31 -12.7 0.1 LowDurBdI 9.88 0.02 -0.3 6.9 IntrTresBdIxPrem n 12.04 0.03 9.7 NS FF2020A p 12.43 -0.12 -2.6 16.1 FltRateHi nr 8.78 -0.09 -5.4 5.0 StkSelSmCp n 22.01 -0.68 -13.7 12.8 CA HY Adv t 10.98 0.01 -0.7 11.9 Tax Ex n 11.51 -0.01 1.5 11.0
TxExIncmA 9.35 0.01 1.2 8.2 LowDurBdN n 9.86 0.01 -0.5 6.0 LgCpGwId InstPre n 18.51 -0.33 6.7 61.4 FF2025 n 13.52 -0.15 -3.2 16.5 FocsdStk n 27.68 -0.31 6.2 69.9 StkSlcACap n 46.56 -1.30 -2.8 30.0 CA IntAdv 12.11 0.01 1.2 8.3 Trusts n 61.71 -2.27 -0.7 43.3
Deutsche DWS: ShillerEnhCAPEI 14.61 NA NA NA LgCpVlIdxIstPrem n 10.65 -0.46 -18.7 2.5 FF2025A p 12.49 -0.14 -3.4 16.6 FournOne n 46.10 -0.94 -5.6 19.8 StratDivInc n 14.15 -0.36 -7.7 13.9 CA TF Adv t 7.64 0.00 1.5 13.1 Glenmede Funds:
CapGrth p 92.07 -1.34 9.9 60.6 ShillerEnhCAPEN n 14.59 NA NA NA LTTrsBdIdxInstPr n 17.08 0.28 22.4 NS FF2030 n 16.58 -0.21 -4.3 17.5 GNMA n 11.80 -0.01 3.2 10.1 StrDivIncI 14.11 -0.35 -7.7 13.8 CvtScAdv 24.59 -0.03 14.7 57.2 CorFxd n 11.81 0.04 6.1 14.5
CapGrth n 93.24 -1.36 10.0 61.8 TotRetBdI 10.73 NA NA NA MidCpInxInstPrem n 20.71 -0.71 -11.9 14.3 FF2035 n 13.74 -0.22 -6.3 16.9 GovtInc n 11.19 0.04 7.5 14.8 TaxFrB nr 11.80 0.02 0.4 12.3 Dynat Adv 109.46 -0.25 19.5 87.0 SmCpEqAdv n 20.34 -0.92 -21.2 -11.6
CoreEq n 25.78 -0.73 -8.2 25.3 TotRetBdN n 10.72 NA NA NA NewMkt I 14.16 -0.05 -4.0 NS FF2035A t 12.69 -0.22 -6.5 17.4 GroCo n 25.72 -0.39 20.4 79.1 TotalBond n 11.35 -0.02 5.4 16.1 Fed TF Adv 12.04 0.00 1.8 10.8 GMO Trust Class III:
EqDivA 44.24 -4.47 -22.2 5.7 Driehaus Funds: OTCK6Port 12.85 -0.32 10.1 NS FF2040 n 9.53 -0.17 -7.2 16.0 GroInc n 36.33 -1.29 -13.5 13.6 TotalBond K6 10.66 -0.01 5.4 16.1 FedIntAdv 12.26 0.00 1.9 8.0 EmgCntryDt r 26.10 NA NA NA
GblIncBldA 8.91 -0.17 -7.0 10.6 EmMktsGr n 37.63 -0.06 -4.8 18.3 RealEstIdxInst n 12.77 -0.40 -24.2 -10.0 FF2040A p 13.47 -0.26 -7.5 16.6 GrowCoK 25.78 -0.38 20.5 79.6 Trend n 117.82 -2.08 10.1 62.7 FlRtDAAdv t 7.32 -0.04 -8.9 -3.9 Quality 23.50 -0.63 -5.2 37.6
GblGrwS n 36.67 -0.09 -2.4 14.9 Dupree Mutual Fds: SAIUSLgCpIndxFd 16.24 -0.48 -6.1 30.8 FF2045 n 10.85 -0.20 -7.3 16.0 GrowIncK 36.30 -1.29 -13.5 13.9 Utility n 23.77 -0.87 -13.4 13.7 GrOpAdv p 48.65 -0.33 13.9 65.7 GMO Trust Class IV:
GNMA S n 13.97 -0.01 2.4 10.0 KYTF n 7.86 -0.01 1.0 9.8 SeriesOverseas 10.26 -0.07 -4.8 NS FF2050 n 10.93 -0.19 -7.2 16.1 GrStrt nr 50.96 -1.10 1.8 41.3 Value n 8.36 -0.45 -24.5 -11.3 Growth Adv t 113.78 -2.28 1.2 43.9 EmgCntrDt 26.07 NA NA NA
HiIncA 4.51 -0.08 -3.7 10.8 SerLTTreBdIdx 10.46 0.17 22.1 37.8 FrdmBlen2025 K6 10.09 -0.11 -3.1 NS GwthDiscovery n 44.02 -0.78 10.8 63.3 ValueDisc n 25.45 -0.97 -16.0 1.7 HY TF Adv 9.99 0.01 -0.3 9.8 IntlEq 19.35 -0.11 -12.3 -2.9
HiYldTx n
IntTaxAMT n
11.71
11.89
0.02
0.01
-2.5
1.7
7.5
9.4
E SmCpIdxInstPrem n 17.47
STBdIdx InstPrem n 10.38
-0.50
0.00
-16.7
4.0
1.9
NS
Free2045L
Free2050I
10.66
10.64
-0.20
-0.20
-7.3
-7.4
17.5
17.4
HighInc nr
Indepndnc n
8.21
38.12
-0.10
-0.70
-6.0
4.2
8.5
44.8
ValueK
Wrldw n
8.38
29.12
-0.44
-0.27
-24.4
2.7
-10.9
42.4
IncomeAdv
RisDv Adv r
2.03
64.24
-0.04
-1.37
-10.3
-7.3
3.0
28.1
Quality
GMO Trust Class VI:
23.55 -0.63 -5.2 37.8

MgdMuniA p 9.12 0.00 -0.1 9.0 Eaton Vance Class A: STTreIdx InstPre n 10.89 0.00 4.2 NS Free2055 n 12.49 -0.22 -7.2 16.1 IntBd n 11.49 0.01 4.9 13.1 Fidelity SAI: SmCpGrAdv p 24.17 -0.65 2.8 50.8 EmgMkts r 30.22 NA NA NA
MgdMuniS n 9.13 0.00 -0.1 9.7 AtlCpSMID p 28.75 -1.18 -14.2 22.9 TMktIdxInstPrem n 84.48 -2.51 -6.5 28.3 Freedom2010 K 15.13 -0.09 -0.5 NS IntGov n 11.16 0.01 5.7 11.5 FidSAIEmgMktIndx 12.88 -0.05 -10.4 4.0 SmCpValAdv t 40.30 -1.48 -22.1 -4.2 Quality 23.51 -0.63 -5.1 38.0
S&P500S n 31.01 -1.43 -6.1 30.2 DivBldrA 14.20 -0.39 -8.2 26.5 TotalMarketIndex n 10.59 -0.32 -6.6 NS Freedom2015 K 12.28 -0.10 -1.5 NS IntlCapiApp K6 12.74 -0.01 -2.1 28.1 FidSAIIntlIndxFd 10.90 -0.12 -11.5 1.9 StrInc Adv p 9.16 -0.02 -2.8 4.8 Goldman Sachs A:
TechA 27.82 -0.21 14.3 80.2 FloatRt 8.58 -0.03 -4.5 4.5 TtlIntIdxInstPr n 10.98 -0.11 -11.6 2.1 Freedom2015 K6 12.25 -0.10 -1.5 16.4 IntlDisc n 43.63 -0.25 -3.9 12.8 IntlValIdx 7.48 -0.14 -20.2 NS TtlRtnAdv 10.06 0.00 3.0 11.4 CapGr 23.01 -0.62 -4.7 36.2
Diamond Hill Funds: FltgRtAdvg p 9.81 -0.05 -6.5 4.2 USBdIdxInstPrem n 12.54 0.01 6.5 16.1 Freedom2020 K 15.33 -0.14 -2.4 NS IntlEnhIdx n 8.59 -0.06 -11.4 -1.3 Muni Inc 10.57 0.02 0.1 NS USGovAdv p 6.18 0.00 3.4 9.6 Muni 16.01 0.02 -1.4 10.7
CorpCrI 11.10 -0.11 -0.9 16.0 Inc Bos 5.24 -0.07 -4.5 7.0 Fidelity Adv Focus A: Freedom2020K6 15.29 -0.15 -2.3 16.8 IntlGrRet n 15.35 -0.11 -3.6 22.5 SAIEmgMktLoVolIx 9.01 0.01 -12.0 NS Utils Adv 18.89 -0.54 -14.0 12.2 Goldman Sachs Inst:
LgCapA p 24.11 -1.06 -16.5 9.2 LgCpVal 16.96 -0.71 -18.6 8.8 HthCarA r 58.64 -1.43 5.3 47.0 Freedom2025 K 13.50 -0.15 -3.2 NS IntlScOpps nr 19.24 -0.13 -6.6 16.2 TotalBd 10.85 -0.01 4.8 NS FrankTemp/Franklin A: EmgMEq 22.06 0.08 -4.6 14.6
LgCapI 24.30 -1.07 -16.4 10.2 NatlMuniInc 10.19 0.01 2.1 13.6 TechA t 68.96 -0.46 17.1 84.6 Freedom2025K6 13.48 -0.15 -3.1 17.3 IntlSmCap nr 23.69 -0.39 -15.7 -3.1 TxFreeBd 10.56 0.02 -0.3 NS BAL A t 11.58 -0.23 -6.1 13.6 Gr 35.38 -0.55 5.5 47.6
LgCapY 24.33 -1.06 -16.3 10.5 ShDurGovIncFd 8.13 0.00 1.8 6.3 Fidelity Adv Focus C: Freedom2030 K 16.56 -0.21 -4.2 NS IntMu n 10.66 0.01 1.4 10.6 U.S.TreBdIdx 10.90 0.05 9.0 16.8 BalInv p 25.23 -1.13 -25.9 -10.2 HYMuni 9.86 0.03 -2.4 16.6
LongShortI 22.93 -0.73 -15.0 0.3 ShDurStratIncFd 7.14 NA NA NA HthCarC p 45.77 -1.12 4.9 43.7 Freedom2030K6 16.53 -0.21 -4.2 18.2 InvGB n 8.70 -0.02 7.3 18.4 USMomentumIdx 14.36 -0.25 1.8 44.5 BioDis A p 169.61 -4.46 12.4 27.7 Int 11.42 -0.07 -12.1 -2.6
SmMidCapI 16.95 -0.89 -25.7 -12.5 TMG1.0 n 1310.05 -36.77 -4.3 32.1 Fidelity Advisor: Freedom2035 K 13.72 -0.22 -6.2 NS InvGrBd 12.13 0.00 6.3 17.7 USValueIndex 8.46 -0.43 -21.9 NS CoreAll A p 19.16 NA NA NA Muni 16.00 0.02 -1.2 11.7
Dimensional Fds: TMG1.1 58.95 -1.67 -4.5 30.7 SrsAdvIntlCapApp 23.56 -0.02 -2.4 25.6 Freedom2035K6 13.70 -0.22 -6.1 17.8 JpnSmCo nr 15.66 -0.19 -9.1 8.8 Fidelity Selects: CvtSc A p 24.59 -0.03 14.5 56.0 ShDuTF 10.75 0.00 0.9 7.2
2TGlFxd 9.98 0.00 0.7 5.7 TMG1.2 26.49 -0.75 -4.6 30.1 StragInc n 12.19 -0.09 -0.9 NS Freedom2040 K 9.53 -0.17 -7.1 NS LargeCap n 28.18 -1.03 -14.4 13.8 Biotech nr 23.73 -0.50 13.5 40.6 DynaTech A p 105.74 -0.25 19.3 85.6 SmCapVa 39.22 -1.66 -28.3 -15.8
5GlbFxdInc 10.85 0.01 1.1 7.0 WW Hlth Science p 12.35 -0.30 -0.2 32.2 TotBdFdClZ 11.34 -0.01 5.5 16.4 Freedom2040K6 9.50 -0.17 -7.1 16.9 LCapCrEIdx n 15.54 -0.40 -5.6 31.2 Chem nr 10.63 -0.35 -14.1 -14.2 EqIn A p 22.70 -0.71 -13.9 13.0 Gotham:
CAIntrTrmMuniBd 10.87 0.00 1.9 6.8 Eaton Vance Class C: Fidelity Advisor A: Freedom2045 K 10.84 -0.19 -7.2 NS LCapGrEIdx n 22.86 -0.41 6.4 53.7 Comp nr 78.07 -0.47 -1.4 45.9 FlRtDA A p 7.32 -0.04 -9.0 -4.6 AbsRt Inst 13.64 -0.23 -12.1 0.4
CASTMuniBd 10.32 0.00 0.6 3.1 FltgRtAdvg p 9.79 -0.06 -6.7 2.6 AdvMdCpIIA p 16.40 -0.60 -15.1 -1.6 Freedom2045K6 10.81 -0.19 -7.1 16.9 LevCoSt n 28.46 -1.39 -12.2 10.3 ConStap nr 78.43 -2.69 -9.8 -1.0 FoundFAlA p 12.31 NA NA NA Guggenheim Funds Tru:
Cont 22.59 -0.28 -15.3 -6.0 Eaton Vance Class I: AdvStrDivInA p 14.05 -0.35 -7.8 13.0 Freedom2050 K 10.92 -0.19 -7.1 NS LgCpVHIdx n 11.22 -0.42 -18.1 4.8 DfAero nr 12.91 -0.93 -27.7 9.5 FrkIntlGrthA 17.30 -0.18 4.2 39.4 FloRaStraFdInst 23.25 -0.16 -6.3 2.4
DFARlEst 34.38 -1.38 -15.6 6.3 AtlCpSMID 32.28 -1.32 -14.1 23.9 BalancA t 22.21 -0.44 -0.1 25.8 Freedom2050K6 10.91 -0.19 -7.0 17.0 LmtTrmMuniIncm n 10.75 0.00 1.3 7.0 Energy nr 21.30 -1.48 -39.9 -40.4 FSmCoSer r 17.79 -0.32 -16.9 -6.9 MacOppFdClInstl 25.10 -0.12 -0.8 4.4
EmgMkt 25.21 -0.16 -13.5 -1.7 FloatRtHiInc 8.16 -0.04 -4.6 5.4 BioTech 32.01 -0.94 15.2 42.1 Freedom2055 K 12.48 -0.22 -7.2 NS LowP nr 41.99 -1.25 -16.1 5.4 Gold nr 29.23 1.28 20.8 43.4 GoldPrM A p 22.43 0.87 15.3 35.8 TotRtnBdFdClInst 29.15 0.00 8.8 17.1
EmgMktSoCoEq 12.06 -0.09 -14.8 -3.0 FltgRt 8.30 -0.03 -4.4 5.4 DivIntlA 23.70 -0.14 -2.8 14.9 Freedom2055K6 12.47 -0.22 -7.1 17.0 LowPriStkK r 41.95 -1.25 -16.1 5.7 Health nr 29.62 -0.70 6.7 52.6 GrOp A p 44.46 -0.30 13.8 64.5 TotRtnBondFdClA 29.13 0.00 8.7 16.1
EmgMktVa 23.11 -0.30 -19.4 -11.4 GblMacAbR 8.64 0.01 -0.3 7.7 EqGrA p/r t 13.72 -0.24 10.8 63.0 Freedom2060 n 11.27 -0.20 -7.3 16.0 LowPriStkK6 10.18 -0.28 -15.7 6.7 HlthCareSrvPt r nr 101.16 -3.39 -2.7 36.4 Growth A p 113.44 -2.27 1.1 42.8 GuideStone Funds:
EmMktCorEq 18.63 -0.12 -14.2 -3.6 IncBos 5.24 -0.08 -4.4 7.8 EqInA 23.96 -0.91 -17.5 1.5 FundK 52.72 -1.01 4.0 48.8 LtdTmBdFd n 11.91 0.00 3.2 10.4 Ind n 27.85 -1.07 -17.7 1.4 LwDuToRt A 9.44 -0.03 -0.8 4.4 AggrAllGS4 n 11.08 NA NA NA
EmMktSmCp 17.85 -0.12 -14.4 -6.8 LgCpVal 17.03 -0.72 -18.5 9.7 FF2030A p 13.33 -0.18 -4.5 17.6 Idx2015InsPre 13.73 -0.11 -0.1 19.0 MagellanK 10.61 -0.19 4.2 47.2 ITSvs n 76.76 -1.29 2.7 77.8 RisDv A p 64.28 -1.38 -7.4 27.1 BalAllGS4 n 11.92 NA NA NA
Fixd 10.31 0.00 0.6 5.4 NatlMuniInc 10.19 0.01 2.3 14.5 GrOppA 104.87 -2.68 18.2 108.4 Idx2020InsPre 14.63 -0.15 -1.2 19.5 Magin n 10.63 -0.19 4.2 46.9 MdTchDevis n 59.40 -1.61 1.1 52.5 SmCpGr A p 22.00 -0.59 2.6 49.8 EqindxGS2 33.81 NA NA NA
GblAll60 40Inst 17.79 -0.28 -5.7 11.7 Eaton Vance Funds: HiIncAdvA 10.41 -0.21 -7.4 7.9 Idx2025InsPre 16.07 -0.19 -1.9 20.0 MAMun n 12.43 0.03 1.3 10.3 Multimedia nr 63.95 -3.45 2.3 35.4 SmCpVal A p 37.97 -1.40 -22.2 -4.9 EqIndxGS4 n 33.82 NA NA NA
GlAll25 75Inst 13.64 -0.08 -0.6 10.4 ParTxMgdEmgMktIn 40.13 -0.43 -17.5 -10.3 NwInsghtA p 31.69 -0.76 -0.6 36.8 Idx2030InsPre 16.47 -0.23 -3.1 21.1 Manager40 n 11.98 -0.11 0.2 16.8 Pharm n 23.50 -0.26 3.9 39.3 SmMCpGrA p 37.75 -0.49 15.3 57.7 GrAllGS4 n 11.68 NA NA NA
GlEqInst 21.62 -0.59 -12.7 9.5 Edgewood Growth Instituti: SmllCapA p 20.62 -0.61 -13.2 2.6 Idx2035InsPre 17.36 -0.29 -5.2 20.9 Manager60 n 12.79 -0.16 -1.7 18.4 Retail nr 18.18 -0.35 8.0 64.6 StrInc A p 9.14 -0.03 -2.9 3.9 GrEqGS2 28.21 NA NA NA
GlRESec 9.55 -0.31 -19.0 1.7 EdgewoodGrInst 42.95 -0.96 11.5 65.5 StkSelMC p 29.31 -1.22 -17.6 6.5 Idx2040InsPre 17.03 -0.32 -6.4 20.1 McpVl n 18.00 -0.85 -22.2 -13.5 Semiconductors r nr 11.70 -0.34 0.2 72.8 TgtCon A p 13.94 NA NA NA GrEqGS4 n 27.98 NA NA NA
InfProtSec 12.78 0.06 6.3 15.0 StrInA 12.02 -0.09 -1.0 9.4 Idx2045InsPre 17.67 -0.33 -6.4 20.1 MegaCpStk n 13.67 -0.42 -11.9 18.3 Softwr nr 22.28 -0.15 15.9 91.2 TtlRtn A p 10.00 0.00 2.9 10.8 IntEqGS2 12.07 NA NA NA
IntGvFxdInc
IntlCoreEq
13.95
11.68
0.05
-0.17
9.7
-15.2
17.8
-4.2
F TotalBdA p
Fidelity Advisor C:
11.36 -0.01 5.3 15.0 Idx2050InsPre
Idx2055InsPre
17.70
14.55
-0.33
-0.27
-6.4
-6.4
20.1
20.1
MidCap n
MidCapEnIdx nr
29.08
13.49
-1.31
-0.46
-16.4
-12.3
7.7
9.4
Tech nr
UtilGr nr
22.40
78.66
-0.15
-2.55
17.2
-15.6
83.6
15.8
FrankTemp/Franklin C:
CA TF C t 7.63 0.00 1.2 10.8
LowDurGS2
MedDurGS2
13.56
15.76
NA
NA
NA
NA
NA
NA
IntlREst 3.76 -0.06 -24.6 -7.1 Fairholme: BalancC 22.02 -0.44 -0.5 23.0 Idx2055Investor 14.53 -0.28 -6.4 19.9 MidCapStkK r 29.10 -1.30 -16.4 8.1 Fidelity Series: DynaTech C p 86.94 -0.22 18.9 81.5 ValEqGS2 15.64 NA NA NA
IntlSustCore1 9.72 -0.13 -11.8 1.9 Fairholme n 17.46 -0.49 -12.0 -4.8 GrOppC p 88.11 -2.27 17.7 103.7 Income n 11.64 -0.03 1.0 13.3 MIMun n 12.60 0.00 2.2 12.2 Canada 9.32 -0.28 -17.4 NS Fed TF C t 12.02 0.01 1.4 8.6
IntlVal
IntlVectorEq
13.70
10.06
-0.24
-0.16
-22.7
-17.7
-14.4
-8.7
FAM Value:
FAMValue n 69.32 -2.56 -14.2 16.3
NwInsghtC t
StrInC t
26.58
11.99
-0.64
-0.09
-1.0 33.8
-1.4 7.1
Income K
Fidelity Invest:
11.62 -0.03 1.0 NS MNMun n
MtgSec n
12.01
11.64
-0.01
0.00
1.9
3.4
10.9
11.4
FASeriesEqGroFd
HthCarZ
15.77
64.20
-0.28
-1.56
11.3 67.9
5.5 NS
Growth C t
Income C t
102.60
2.07
-2.07
-0.05
0.7
-10.8
39.6
0.5
H
IntrLrgCpGroPor 12.91 -0.13 -6.6 10.0 Federated A: Fidelity Advisor Fun: AdvSrsGroOpport 15.33 -0.39 18.4 116.5 MuniInc n 13.25 0.03 0.2 12.1 IntMuni Z 10.68 0.01 1.4 NS RisDv C t 62.97 -1.36 -7.8 24.2 Harbor Funds:
IntSmCo 15.77 -0.23 -16.6 -6.2 EqIncA p 18.30 -0.73 -16.4 -0.4 IntlGrwZ 15.34 -0.11 -3.6 23.1 AggrInt n 22.41 -0.01 -2.3 26.0 NASDAQ nr 122.89 -2.34 9.1 60.0 STCrFd 10.22 0.00 2.6 10.1 StrInc C p 9.14 -0.03 -3.1 2.8 Bond 12.37 0.04 6.2 16.3
IntSmVa 15.11 -0.22 -21.9 -18.3 FedMunULA pn 9.99 0.01 0.2 3.1 Fidelity Advisor I: AilSectEq 9.38 -0.28 -3.9 30.6 NewInsights Z 32.60 -0.78 -0.4 38.4 Fiera Capital: Utils C t 18.62 -0.54 -14.3 10.0 CapApInst 87.12 -0.98 15.0 73.4
IntTermMuni 10.60 0.00 2.7 8.1 KaufmannA p 6.50 -0.05 8.7 64.8 BalancI 22.70 -0.45 0.0 26.8 AMgr20% n 13.71 -0.06 1.3 13.3 NewMill n 30.96 -1.20 -17.6 8.4 EmgMkt Inst 43.94 -0.33 -10.3 -2.5 FrankTemp/Franklin R: CapApInv pn 82.84 -0.94 14.8 71.5
IntVaIII 11.69 -0.21 -22.7 -13.9 KaufmnLCA p 29.06 -0.68 4.5 53.8 BiotechI 34.20 -1.00 15.3 43.3 AMgr50% n 18.46 -0.20 -0.6 17.7 NewMkt nr 14.15 -0.06 -4.0 0.8 First Eagle Funds: FrkDynTchR6 110.68 -0.25 19.5 87.6 IntlGr r 16.91 -0.03 -0.5 18.9
ITExQual 11.77 0.01 6.0 18.7 KaufmnSCA p 46.31 -0.58 6.8 75.4 ConsvIncmMuni I 10.04 0.01 0.4 4.3 AMgr70% n 22.05 -0.32 -2.9 18.9 NJMun nr 12.04 0.02 -0.7 12.5 GlbA 52.65 -0.91 -9.1 5.5 FrkGrthR6 113.69 -2.27 1.2 44.4 IntlInst r 34.34 -0.48 -14.3 -9.6
Japan 22.03 -0.27 -11.3 -1.9 MunStkAdvA p 12.50 -0.19 -4.7 9.2 DivIntl 24.12 -0.14 -2.7 15.8 AMgr85% n 19.22 -0.33 -4.3 20.2 NYMun n 13.37 0.00 0.4 9.9 Gold p 23.95 0.74 21.5 39.9 FrkIncR6 2.03 -0.04 -10.3 3.1 LgCpValue 15.57 -0.61 -10.6 19.6
LgCo 23.17 -0.68 -6.0 30.7 StrValDivA p p 4.53 -0.16 -19.1 -8.0 EqGrI 15.34 -0.27 11.0 64.3 AstMgr30R n 11.41 -0.08 0.8 15.3 OHMun n 12.33 -0.01 0.8 10.0 OverseasA 22.12 -0.22 -7.6 1.3 FrkRisDivR6 64.24 -1.37 -7.2 28.4 SmCpGwth 13.55 -0.34 -2.7 36.8
LgCpIntl 20.63 -0.28 -12.4 1.0 Federated C: FAInvGrdI 8.71 -0.02 7.4 18.2 Balanc n 24.45 -0.49 -0.1 27.4 OTC n 14.02 -0.34 9.6 62.3 US Val A t 15.77 -0.40 -12.3 5.9 FrkSmCpGrR6 24.61 -0.66 2.8 51.6 SmCpValInst 27.89 -1.07 -20.2 -1.2
SclCrEqInst 11.07 -0.16 -16.3 -5.7 StraValDivC p 4.54 -0.15 -19.4 -10.0 FF2030 13.42 -0.18 -4.4 18.5 BalancedK 24.45 -0.49 0.0 27.6 OTC K 14.26 -0.34 9.6 62.8 US Val I r 16.09 -0.40 -12.2 6.8 FrkTotRtnR6 10.07 0.00 3.1 12.0 Harding Loevner:
SelHdgGlFxd 9.67 0.00 0.9 7.6 Federated Funds: FF2040 13.59 -0.25 -7.3 17.5 BluCh n 124.24 -2.43 15.3 74.1 OverseasK r 48.99 -0.33 -5.2 13.4 FMI Funds: MutShrR6 21.32 -0.81 -22.6 -10.6 EmgMktsAdv n 49.91 -0.42 -15.7 -3.1
STExQual 10.90 0.00 1.1 7.4 IntEq IS p 22.88 -0.26 -8.8 9.9 FltRatel 8.77 -0.09 -5.5 4.8 BluChpGr K6 17.36 -0.37 15.3 72.6 Ovrse n 49.09 -0.33 -5.2 13.0 IntlInvst n 25.94 -0.69 -19.8 -11.2 TempGlbBndR6 10.00 0.00 -3.9 -2.8 IntlEq 22.58 -0.01 -5.1 11.8
STGov 10.57 0.00 0.4 3.7 KaufmnIS 6.66 -0.06 8.8 67.1 GrOppI 114.20 -2.92 18.3 110.1 BluChpGrK 124.58 -2.43 15.4 74.6 PAMun nr 11.34 0.01 0.9 11.0 LgCapInvst n 17.10 -0.43 -13.5 13.2 TmpGlbTotRtnR6 10.23 -0.01 -5.4 -2.5 Hartford Funds A:
STMuniBd 10.22 0.01 0.9 3.4 KaufmnSCI 47.21 -0.58 7.0 77.9 HiIncAdvI 9.75 -0.19 -7.3 8.8 CALmtTrmTFB n 10.81 0.00 1.4 6.6 PcBas nr 34.85 -0.06 0.9 26.8 FPA Funds: TmpGrthR6 19.33 -0.53 -14.3 -9.5 BalIncA 14.19 -0.36 -4.3 14.5
TAUSCoreEq2 17.67 -0.58 -11.9 15.4 Federated Instl: HthCarI r 64.14 -1.56 5.5 48.2 CAMun n 13.24 0.00 1.3 11.3 PuritanK 23.08 -0.38 2.0 29.2 FPACres n 30.35 -0.69 -10.3 4.4 TmpFrgnR6 5.75 -0.13 -19.4 -17.9 CapAppA p 34.84 -1.25 -6.9 23.3
TAWldexUSCr 9.46 -0.13 -15.3 -4.5 BondIS 9.66 -0.05 3.2 16.7 IntlGr 15.31 -0.12 -3.7 22.5 Canad nr 44.38 -1.17 -15.8 2.0 Puritn n 23.09 -0.39 1.9 28.8 NwInc n 9.98 0.02 1.1 8.8 FrankTemp/Mutual A&B: Chks&Bal p 8.92 -0.23 -4.8 19.2
TM IntVa 11.75 -0.21 -22.2 -13.6 GloFinI 32.84 -0.16 -7.8 2.4 IntlSmCp 23.84 -0.39 -15.7 -3.2 CapAp n 35.00 -0.71 3.4 43.3 RealE n 37.06 -1.00 -17.3 -0.1 Franklin A1: Beacn A 13.27 -0.41 -18.3 -2.6 DiscpEqA p 32.50 -0.99 -7.0 34.2
TM US Sm 34.39 -1.23 -21.2 -7.8 GovUltra 9.94 0.01 1.1 5.8 LmtdTrmBdFd 11.92 0.00 3.2 10.4 CapApprK 35.09 -0.72 3.4 43.6 RealEstInc nr 10.70 -0.18 -13.7 2.5 AZ TF A1 p 10.90 0.00 1.2 10.6 Shares A 21.06 -0.81 -22.7 -11.5 DivGth A p 22.74 -0.93 -13.8 14.9
TM USTgtVal 25.12 -1.24 -28.8 -19.0 InsHiYld r 9.33 -0.12 -3.4 10.1 LmtTrmGov n 10.36 0.00 3.9 8.6 CapDevO n 13.79 -0.50 -14.0 14.4 REInc n 9.63 -0.09 -12.1 4.6 CA TF A1 p 7.65 0.00 1.5 12.7 FrankTemp/Temp A: EqInc t 16.53 -0.74 -15.3 7.7
TMMktwdVa 25.31 -1.10 -21.3 0.1 KaufmnLCIS 30.02 -0.70 4.6 54.9 MuniIncI r 10.68 0.01 1.3 10.4 ChinaReg n 43.87 0.03 11.0 46.8 SAIIntlMinVolInd 9.92 -0.13 -10.9 5.2 CAHY A1 p 10.95 0.01 -0.8 11.6 DvMk A p 19.58 -0.06 -10.8 8.0 FltRateA t 7.91 -0.09 -5.1 4.1
TMMttVa2 23.43 -1.03 -21.3 0.5 KaufmnR r 6.51 -0.06 8.5 64.6 MuniIncome 13.24 0.03 0.2 NS CnvSc n 32.30 -0.49 3.9 36.4 SAILTTreBdIdx 13.40 0.23 23.0 39.4 CAInt A1 p 12.08 0.01 1.2 8.0 Frgn A p 5.85 -0.14 -19.5 -18.9 GrOppty t 46.27 -0.79 17.5 66.9
TMUSEq 32.37 -0.93 -6.3 28.7 MDTSmCIS 16.53 -0.51 -17.7 -5.3 NwInsghtI 32.55 -0.79 -0.5 37.9 Contra n 14.54 -0.29 6.8 52.0 SAISm-MidCap500I 11.26 -0.41 -12.5 13.9 Fed TF A1 p 12.03 0.01 1.7 10.5 GlBond A p 10.04 -0.01 -4.1 -3.9 GrowAllA p 11.84 -0.24 -8.0 12.5
US CoreEq1 23.05 -0.75 -10.6 19.9 ShIntDurMuInst 10.24 0.01 -0.1 4.8 REIncmInst 10.66 -0.18 -13.6 2.5 ContraK 14.57 -0.28 6.8 52.5 SAIUSMinVolIndFd 14.02 -0.35 -7.9 28.3 FedInt A1 p 12.23 0.00 1.9 7.7 GlSmCo A p 8.14 -0.18 -15.6 -2.8 Hlthcare 38.71 -0.68 2.7 30.6
US CoreEq2 20.75 -0.68 -12.0 15.1 StraValDivIS 4.56 -0.16 -19.0 -7.2 SmCapGrwI 26.23 -0.39 -4.4 41.3 CorpBd n 12.68 0.00 5.9 20.2 SAIUSQtyIdx 14.64 -0.38 -0.3 46.5 FedL T TF A1 10.58 -0.01 1.5 6.1 Growth A p 19.32 -0.53 -14.4 -10.4 MidCap A p 28.05 -0.88 -8.2 23.3
US Micro 16.26 -0.61 -24.8 -11.7 TtlRtnBdI 11.52 -0.01 5.5 16.1 StrInI 12.19 -0.09 -0.9 10.3 CpInc nr 9.42 -0.19 -6.0 10.5 SCEnhIdx n 10.59 -0.28 -19.0 -7.3 HiInc A1 1.76 -0.01 -3.2 9.6 World A p 11.82 -0.33 -13.3 -6.9 Muti-AstIncGw 19.30 -0.24 -4.4 11.6
US Small 27.62 -1.01 -20.9 -7.9 UltraShortI 9.12 0.01 0.6 7.0 Total Bd 11.33 -0.02 5.4 15.8 DisEq n 41.03 -1.06 2.5 35.1 SmallCap nr 15.14 -0.47 -16.4 5.0 HY TF A1 p 9.94 0.00 -0.3 9.4 FrankTemp/Temp Adv: ShtDur 9.91 -0.02 0.8 8.1
US SmCpVal 24.21 -1.29 -29.5 -22.1 FedMuniUl A 9.99 0.01 0.2 4.4 Fidelity Advisor M: DivGrowK 24.86 -1.18 -19.6 7.4 SmCapDisc n 18.44 -0.52 -20.3 -6.7 IncomeA1 p 2.04 -0.05 -10.7 2.1 TotRBdA p 11.09 0.00 5.6 16.4
Frng Adv 5.76 -0.13 -19.4 -18.2
US TgdVal 16.45 -0.85 -28.6 -18.9 Federated IS: Balanced p 22.49 -0.45 -0.2 24.9 DivGth n 24.88 -1.18 -19.7 7.0 SmlCapO n 11.76 -0.43 -16.0 10.6 MIInsTF A1 p 11.86 0.01 2.6 12.2 Hartford Funds C:
GlBondAdv p 10.00 -0.01 -4.0 -3.2
USLCpGr 22.67 -0.48 -1.7 43.7 ShtlncIS 8.62 0.00 1.6 8.7 EqGr p 13.36 -0.24 10.7 214.6 DivIntl n 39.33 -0.23 -2.9 15.2 SmlCpGrth nr 26.16 -0.38 -4.4 41.4 MNInsTF A1 p 12.67 -0.01 2.6 10.7 Bal IncC 13.97 -0.33 -4.5 12.1
TGlTotRAdv 10.24 -0.01 -5.5 -2.9
USLgVa 29.64 -1.37 -22.8 -3.4 Federated R6: EqIn p 24.65 -0.93 -17.6 0.9 DivIntl K6 11.28 -0.07 -2.6 16.1 SmlCpGrth K6 14.26 -0.22 -3.7 42.3 MO TF A1 p 11.84 0.00 1.8 10.0 Hartford Funds I:
FrankTemp/Temp B&C:
USLgVaIII 19.98 -0.92 -22.7 -3.0 FedInstHYBondL 9.33 -0.12 -3.5 10.2 GrOppM p 103.54 -2.65 18.0 107.0 DivIntlK r 39.27 -0.22 -2.8 15.7 SmlCpVal nr 11.64 -0.59 -24.0 -14.1 NC TF A1 p 11.68 0.00 2.1 9.3 BalIncI 14.19 -0.36 -4.2 15.3
GlBond C p 10.07 -0.01 -4.3 -5.1
USSmCpGr 16.35 -0.51 -15.3 3.4 KaufmnSCL n 46.84 -0.58 7.0 NS NwInsghtM p 30.32 -0.73 -0.7 35.8 DivStkO n 26.82 -0.64 1.4 37.5 Srs1000ValIndRet 10.66 -0.46 -18.7 2.7 NJ TF A1 p 11.26 0.00 -0.3 8.9 CapAppI 35.04 -1.27 -6.8 24.4
Frost Family of Fund:
USSoCoreEq2 15.35 -0.53 -12.6 15.0 StrValL 4.56 -0.16 -19.1 -7.2 SmllCapM p 18.66 -0.55 -13.3 1.9 Emerg Asia nr 52.46 0.61 15.4 48.5 SrsBlChGroRetail n 17.39 -0.35 15.7 80.4 NY TF A1 p 11.18 0.00 1.4 10.0 DivGthI 22.61 -0.94 -13.8 15.7
FrTRInst 10.02 0.01 -1.6 6.3
USSustCoreI 23.00 -0.72 -7.6 27.5 TtlRtnBdL 11.51 -0.02 5.5 16.1 StrInM p 12.01 -0.09 -1.0 9.4 EmrgMktK r 34.65 0.01 -0.9 27.5 SrsCommStrt 3.73 -0.08 -21.6 -17.3 OHInsTF A1 p 13.05 -0.01 2.6 11.8 EmrgMktEqInv r 15.09 -0.03 -9.0 9.0
FrTRIS pn 10.02 0.01 -1.7 5.5
USVectorEq 15.36 -0.67 -21.2 -3.9 Fidelity: Fidelity Advisor Z: EmrgMktsDebt 8.96 -0.04 -4.1 4.6 SrsEmrgMkt 19.01 -0.07 -7.9 15.4 OR TF A1 p 11.79 0.00 2.3 10.2 EqIncI 16.42 -0.74 -15.2 8.4
WexUSGov 10.68
WrdEXUSTARGETVAL 10.36
0.04
-0.19
4.3
-20.8
17.3
-15.9
500IdxInstPrem n
Contrafund K6
104.76
15.33
-3.07
-0.29
-5.9
6.0
30.9
52.7
CorporateBond 12.67
FloatRateHighInc 8.78
-0.01
-0.09
5.8 NS
-5.3 NS
EmrMkt nr 34.64 0.01 -0.9 27.1 SrsGlobal 11.68 -0.12 -11.3 2.6 PA TF A1 p 9.90 0.01 1.4 8.7
G FltRateI
GrowOppI t
7.90
49.48
-0.09
-0.85
-5.0
17.7
5.0
68.2
Dodge & Cox: EmgMktIdxInstPre n 9.87 -0.04 -10.1 4.2 GovtIncome 11.21 0.04 7.5 NS Gabelli Funds: InterValue 11.26 -0.17 -25.1 -18.8
Balanced n 88.53 -3.58 -10.7 9.1 ExtMktIdxInstPre n 58.09 -1.84 -9.0 16.0 GrOpp 115.35 -2.94 18.4 110.9 ABC pn 9.97 -0.03 -2.4 3.4 MidCap 29.16 -0.92 -8.1 24.3
GblStock n 10.31 -0.35 -18.9 -4.2 FIDSerEmgMkt 8.51 -0.03 -12.8 NS IntCpAp 23.60 -0.01 -2.3 26.1 NOTICE TO READERS: Asset pn 47.25 -1.41 -14.1 6.5 MunOpptI 8.87 0.01 0.9 11.6
Income n 14.52 -0.12 5.2 16.5 FIDSerTresIndxFd 10.00 0.00 0.7 NS InvestGradeBd 8.72 -0.01 7.5 NS Sign up for the Weekly Market Lab Newsletter: barrons.com/newsletters SmCapG n 38.55 -1.37 -17.9 -5.2 StrInc 8.86 -0.06 3.4 16.6
Intl Stk n 35.11 -0.76 -19.5 -12.7 FIDZroExtMktIx n 8.43 -0.30 -16.5 NS NewMktsIncFdZ 14.15 -0.06 -4.0 NS SmCpGrwI 39.70 -1.41 -17.8 -4.5 WorldBond 10.55 -0.03 -0.1 9.2
Stock n 155.54 -8.55 -17.7 6.1 FIDZroLgCpIx n 10.69 -0.31 -4.9 NS RE Income 10.66 -0.17 -13.6 NS Util A p 7.11 -0.29 -17.5 -2.2 Hartford Funds Y:
Domini Funds:
Intl Eq Instit 6.86 -0.09 -14.4 -9.4
Flex 500 Index
FlexIntIdx
12.87
10.54
-0.38
-0.11
-5.9
-11.4
31.0
2.6
StrgInc
Fidelity Freedom:
12.19 -0.09 -0.9 NS Please visit the new Market Lab home page on barrons.com under Data. Util C t
GAMCO Funds:
4.30 -0.21 -18.3 -5.1 DiscpEq
DivGthY
32.98
23.39
-0.99
-0.97
-6.9
-13.7
35.5
15.9
US Equity Inv pn 24.26 -0.51 1.4 32.3 FlexUSBdIdx 10.95 0.01 6.5 16.2 FAFree2020I p 12.53 -0.13 -2.5 17.0 www.barrons.com/market-data/market-lab GwthAAA pn 72.10 -1.39 9.5 67.6 IntOppY 16.01 -0.04 -7.1 3.5
DoubleLine Funds: Freedom2060K 11.26 -0.20 -7.2 NS FAFree2025I 12.61 -0.15 -3.3 17.4 Gartmore Funds: MidCapY 34.78 -1.10 -8.1 24.5
June 29, 2020 BARRON’S M29

Mutual Funds Data provided by

Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr.
NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret.
Hartford HLS Fds IA: IntlGrow 29.96 -0.24 -8.9 6.6 RetCho2035 12.73 -0.19 -3.2 18.0 SR2030 R5 18.10 -0.26 -5.5 14.5 SelBluChipGroClI 25.32 -0.58 7.7 58.6 CoreFxIcm n 8.72 0.01 5.8 16.1 IDMod p 8.75 -0.12 -6.1 12.0 Neuberger Berman Tr:
Balanced 28.84 -0.71 -4.7 19.5 SmCpGr 40.45 -0.75 2.0 31.3 RetCho2040R4 12.73 -0.21 -4.3 18.0 SR2040 R5 19.70 -0.38 -8.0 13.8 MassMutual Premier: EmgMkt n 13.50 -0.07 -13.4 -0.4 IDModAggr p 8.42 -0.15 -9.1 11.5 Genes n 55.59 -1.17 -5.2 25.7
CapApp 43.25 -1.45 -6.1 23.9 Invesco Funds P: RetCho2045 12.79 -0.22 -4.9 17.9 SRIncome R5 16.24 -0.13 -1.8 12.5 CoreBdI 11.33 NA NA NA LgCapEq n 18.66 -0.54 -7.2 25.4 Natixis Funds: GenesisFdR6 55.48 -1.16 -5.0 27.0
DiscEqui 14.84 -0.46 -7.1 34.8 Summit P pn 23.99 -0.63 8.6 59.4 RetCho2050R4 11.37 -0.19 -4.9 18.0 JPMorgan Select Cls: MassMutual Select: Sm-MdCapEq nr 16.13 -0.51 -11.4 12.0 InvGradeBdA p 11.70 -0.04 5.5 15.9 New Covenant Funds:
Div&Grwth 19.03 -0.72 -13.8 16.2 Invesco Funds Y: RetLiv2020 9.34 -0.10 -1.9 15.8 SmCpGrL 21.36 -0.25 5.4 62.2 BlackRockGlAllCi 11.23 NA NA NA Munder Funds: InvGradeBdY 11.71 -0.04 5.6 16.8 Growth n 42.11 -1.17 -6.1 27.3
GrwthOpp 41.80 -0.72 18.0 69.9 BalancedRiskAllY n 10.00 -0.08 -5.4 7.7 RetLiv2025 9.83 -0.13 -2.8 16.6 BlChpGrR5 25.28 -0.58 7.6 58.2 MndrIntlSmCpInv r 12.77 -0.04 -10.0 5.9 LSGrowthY 19.62 -0.56 7.0 51.9 Nicholas Group:
IntlOpp
MidCap
15.36
35.13
-0.04
-1.10
-7.2
-8.0
3.5
24.7
DevMktY n
DiscovY n
41.63
102.96
-0.37
-1.67
-8.7
8.6
12.8
61.2
RetLiv2030
RetLiv2035
10.00
10.25
-0.15
-0.18
-3.5
-4.5
17.4
17.4
L IdxEqI
IndxEqR4 n
17.21
16.69
-0.51
-0.50
-6.0
-6.2
30.6
28.6
Munder Funds Cl Y:
MndrSCVClY p 23.87 -1.28 -32.6 -23.8
USEqOppsA 33.99
Neuberger Berman Fds:
-1.34 -4.3 29.9 Nch II I
Nich n
26.09
64.60
-0.82 -7.9 30.7
-1.85 -4.9 33.2
SmCpGrwth 27.33 -0.78 -8.0 19.8 EqWtdY n 55.36 -2.35 -13.8 12.2 RetLiv2040 10.25 -0.18 -5.2 17.6 Laudus Funds: MCGrEqIII 22.84 -0.57 -3.6 33.6 Mutual Series: EmgMktInst 18.38 -0.01 -10.6 2.8 Northern Funds:
Stock 83.81 -2.54 -9.5 30.2 GlblOppY n 62.15 -1.11 -0.4 25.1 RetLiv2045 9.97 -0.19 -5.8 17.1 USLgCpGr nr 24.59 -0.46 10.6 68.4 MCpGrEqIIS 22.58 -0.56 -3.6 33.3 BeacnZ n 13.42 -0.41 -18.2 -1.8 EqIncInst 11.15 -0.37 -14.7 5.2 ActMIntlEq nr 9.69 -0.05 -12.1 3.6
TotRetBd 12.06 0.01 5.4 17.1 GloblY n 92.77 -1.91 -3.5 23.7 John Hancock Funds A: Lazard Instl: PIMCITRetI 10.66 0.02 6.4 16.9 EuropZ n 16.65 -0.20 -21.8 -14.0 GenesInst 55.52 -1.17 -5.1 26.7 BdIdx n 11.29 0.02 6.1 15.7
Heartland Funds: IncomeY n 2.78 -0.37 -37.4 -38.1 BalA 21.34 -0.34 0.6 23.7 EmgMktEq 14.53 -0.15 -21.4 -14.2 Matthews Asian Funds: GlbDiscA 23.40 -0.81 -23.3 -13.1 HiIncBdClR6 8.06 -0.11 -4.5 8.6 CAIntTxEx n 10.94 0.01 1.8 9.9
Val Inv n 31.38 -0.66 -18.6 -10.1 IntGrowY n 42.39 -0.13 -4.2 8.1 BondA p 16.59 0.01 4.6 14.9 GlbLstInfr 14.07 -0.53 -8.3 8.4 AsiaDivInv nr 16.62 -0.25 -3.9 5.2 GlbDiscC t 23.29 -0.80 -23.5 -15.0 HiIncBdInst 8.06 -0.11 -4.5 8.3 EmMktsEqIdx nr 10.94 -0.03 -10.2 3.6
Hennessy Funds: IntlBdY n 5.25 0.02 -4.0 3.6 DispVal 17.18 -0.69 -20.1 -0.9 IntlEq 16.31 -0.19 -12.4 0.0 AsiaGroInv nr 30.45 0.32 8.4 32.8 GlbDiscz n 23.96 -0.82 -23.2 -12.4 IntrinsicValInst 13.42 -0.44 -14.0 4.0 FixIn n 10.65 -0.01 4.3 14.4
FocInv 69.46 -3.21 -12.6 16.6 IntlSmCoY n 46.75 0.08 -2.1 24.9 DispValMdCp 16.97 -0.83 -20.4 -4.3 IntStrtEq r 13.55 -0.15 -11.9 7.3 Asian G&I Inv nr 14.41 -0.07 -7.7 1.6 QuestA t 11.55 -0.28 -16.5 -10.1 LgShInst 15.10 -0.17 2.6 17.5 GlbREIdx nr 8.82 -0.34 -21.3 -4.5
GasUtilIndInv 23.09 -0.80 -18.7 -5.8 RocMuniY n 16.54 0.00 0.4 20.7 FunLgCpCorA p 47.00 -1.76 -5.5 19.9 USEQ Concen Inst 15.14 -0.46 -10.1 17.8 ChinaInv n 21.22 0.17 11.0 42.9 QuestZ n 11.75 -0.29 -16.4 -9.4 MidCapGroR6 16.47 -0.28 4.2 46.2 HiYFxInc n 6.20 -0.10 -5.6 9.5
JapanInst 39.95 -0.35 1.2 29.5 Sel40Y n 4.02 -0.42 -38.1 -39.8 InvGrBdA 11.15 0.01 5.5 14.7 Lazard Open: IndiaInv nr 18.78 0.38 -19.3 -20.1 SharesZ n 21.32 -0.82 -22.6 -10.9 MultCpOptyInst 14.66 -0.35 -13.4 18.3 HiYMuni n 8.54 0.02 -2.3 9.1
Homestead Funds: IVA Funds: IntlGrw 28.99 0.15 -3.5 20.0 IntlStrEq n 13.66 -0.15 -12.0 6.5 JapanInv nr 21.61 -0.03 0.5 15.7 StrIncInst 10.80 -0.08 -0.7 9.1 IntlEqIdx nr 11.27 -0.11 -11.5 1.5
ShtTmBd n
Value n
5.41
44.05
0.00 4.0 10.4
-1.88 -14.5 17.0
Intl I r
WorldwideA t
13.41 -0.15 -15.6 -10.8
14.47 -0.20 -13.1 -4.6
LifeAggr
LifeBal
13.32
13.68
-0.27
-0.19
-7.4
-3.5
13.9
13.2
Legg Mason A:
GrowFdClA 14.03 NA NA NA
PacTigerInv nr 27.02
Merger Fd pn:
0.23 -6.0 6.8 N SustainableEqIns 34.33
Neuberger Berman Inv:
-0.97 -8.7 17.3 IntTxExpt n
MidCpIdx n
10.89
16.25
0.01
-0.61
2.2
-15.9
10.5
2.8
Hotchkis and Wiley: WorldwideI r 14.53 -0.20 -13.0 -3.9 LifeConsv 12.95 -0.07 0.3 10.4 Legg Mason I: Merger Fd pn 17.12 0.00 -0.3 14.3 Nationwide Fds R6: Focus n 24.93 -0.31 -1.3 22.1 ShIntTaxFr n 10.58 0.00 2.3 7.3
HiYldI 10.30 -0.10 -8.1 0.3 Ivy Funds: LifeGrw 13.61 -0.23 -5.5 13.5 IntlGrTrI 53.97 -0.02 -1.0 32.9 Meridian Funds: BdIdxR6 11.81 0.02 5.9 15.0 Genes n 55.60 -1.17 -5.2 26.0 SmCapIdx n 11.00 -0.31 -17.0 0.8
AssetStrA p 20.21 -0.17 -6.4 17.6 LifeMod 13.02 -0.13 -1.7 11.6 OpporTrI 27.59 -0.76 -12.4 12.6 Growth 34.86 -1.29 -10.1 18.8 IntIdxR6 7.09 -0.07 -11.6 1.5 Guard n 19.67 -0.40 4.3 47.0 SmCpVal n 14.66 -0.66 -28.8 -19.7
I AssetStr I r
BalancedA p
20.53
23.11
-0.18
-0.50
-6.3
-5.1
18.5
17.7
RgBkA
StrIncA p
17.20
6.44
-1.62
-0.03
-37.7
0.3
-26.5
8.2
Longleaf Partners:
Intl n 13.81 -0.47 -21.9 -8.6
Value
Metropolitan West:
30.70 -1.52 -13.2 15.2 MidCapIdxR6 13.08
Nationwide Fds Serv:
-0.50 -16.2 2.3 IntlEqInst r
LCVal n
12.66
27.54
-0.09
-1.13
-7.9
-14.8
8.5
13.6
StkIdx n
TxExpt n
34.48
10.95
-1.17
0.01
-6.0
2.1
30.5
12.0
ICM Small Company: CoreEqA t 13.71 -0.38 -3.9 35.7 USGlobLdrs 56.12 -1.24 8.5 59.3 Partners n 16.52 -0.74 -18.6 -18.2 IntmBdI 11.01 0.01 5.2 13.5 IDAggr p 7.99 -0.16 -11.2 9.8 MdCpGrInv n 16.34 -0.27 4.1 44.9 Nuveen Cl A:
ICMSmCo 21.26 -1.07 -26.6 -11.4 EmgMktEqFdI 20.34 0.06 -4.0 11.3 John Hancock Instl: Sm-Cap n 17.01 -0.91 -29.9 -18.6 LowDurBd n 8.85 0.01 1.9 7.8
IFP US Equity Fund: HiIncA p 6.37 -0.09 -7.7 2.4 BalancedI 21.31 -0.35 0.7 24.8 Loomis Sayles Fds: LowDurBdI 8.85 0.00 2.0 8.5
IFP US EquityFd 18.42 NA NA NA HiIncC t 6.37 -0.09 -8.0 0.3 DispValMCI 17.74 -0.87 -20.3 -3.7 HiInc 5.67 -0.05 -9.1 -0.7 TotRetBd n 11.53 0.01 6.3 16.3 DATES TO WATCH FOR
INVESCO A Shares: HiIncI r 6.37 -0.09 -7.6 3.2 FunLgCpCorI 49.39 -1.85 -5.4 20.7 LSBondI 12.81 -0.08 -6.2 3.2 TotRetBdI 11.53 0.02 6.5 17.1
AmValA 26.89 -1.04 -22.2 -8.6 IntlCorEqI r 15.65 -0.20 -11.6 -4.7 IncomeI 6.43 -0.03 0.5 9.3 LSBondR pn 12.74 -0.08 -6.3 2.4 TRBdPlan 10.84 0.01 6.4 17.3
Invesco Fds Investor: LgCpGwthA p 25.03 -0.51 5.9 65.5 StratIncmOppI 10.56 -0.06 -0.4 6.8 LSCorBndA p 13.95 0.00 6.6 16.3 UnconstrBdI 11.72 -0.02 0.0 9.1 July Data for
DivrsDiv n 16.95 -0.65 -17.2 -0.3 LgCpGwthl r 26.73 -0.54 6.0 67.0 USGlbLdrsGrwI 61.35 -1.35 8.6 60.4 LSFixIncl 12.64 -0.06 -5.1 7.0 MFS Funds Class A: 1 Challenger Job-Cut Report (7:30 a.m.) June
GlHltCr pn 40.11 -1.10 -4.4 25.4 LtdTrmI r 11.08 0.00 2.9 8.8 JPMorgan A Class: LSStrIncA p 13.27 -0.08 -7.2 1.1 AgGrAlA p 23.29 -0.46 -7.4 22.1
Tech n 56.16 -0.81 13.2 64.5 MidCapI 32.58 -0.76 9.0 70.4 CoreBond 12.37 0.00 5.6 14.5 SmCpGI 25.23 -0.57 -5.0 34.1 BondA p 15.37 -0.04 5.8 18.8 PMI Manufacturing Index (9:45 a.m.) - Final June
Invesco Funds: MdCpGwthA p 29.72 -0.69 8.8 68.5 CorePlusBd p 8.72 0.00 4.5 13.8 Lord Abbett A: CoEqyA 33.13 -1.01 -5.3 33.7 ISM Manufacturing Report (10:00 a.m.) June
SteelPthMLPSlt40 4.04 -0.43 -38.2 -39.8 MuniBdA t 11.79 0.00 1.1 8.2 EmMktEq t 30.64 0.06 -3.6 22.4 Affiltd p 12.65 -0.49 -19.3 2.0 ConAllA p 16.02 -0.20 -0.4 17.5
Invesco Funds A: MuniHighIncA t 4.96 0.01 0.0 9.0 EqInc p 15.78 -0.60 -16.7 11.0 BdDeb p 7.72 -0.07 -3.1 10.0 Growth A p 127.53 -2.22 7.0 65.4 Construction Spending (10:00 a.m.) May
500InxA p 32.24 -0.94 -6.2 28.8 ScTechA p 73.15 -1.55 2.2 61.7 EqIndx p 45.75 -1.52 -6.4 28.8 CalibrDivGr 14.83 -0.33 -7.1 24.0 GlEqA 42.75 -0.77 -9.9 12.6 FOMC Minutes (2:00 p.m.)
ActiveAllA 13.36 -0.27 -8.9 9.0 ScTechC t 59.20 -1.26 1.8 58.1 GroInc p 44.30 -1.87 -17.3 9.8 CoreFxdInc p 11.52 0.01 5.3 13.4 GlTotA p 17.34 -0.28 -5.6 9.2
AMTFrNY p 11.61 -0.01 -1.4 11.6 ScTechI r 82.73 -1.75 2.3 62.7 GwthAdv p 24.52 -0.51 12.5 69.6 DevGt p 22.30 -0.05 13.6 78.4 GrAllA p 20.62 -0.35 -5.5 20.9 2 Employment Situation (8:30 a.m.) June
BalancedRiskAllA 9.81 -0.07 -5.5 7.0 SmCapGrA t 16.36 -0.37 -3.3 24.9 Inv Bal p 14.63 -0.18 -1.5 15.9 FloatRt p 7.83 -0.09 -9.2 -0.3 GvScA p 10.46 0.03 6.2 12.8 International Trade (8:30 a.m.) May
CapApprA p 59.11 -1.65 6.3 48.0 SmCapGrI r 22.84 -0.52 -3.1 26.2 InvCon p 12.56 -0.08 0.5 14.2 FundlEq p 9.93 -0.42 -17.0 1.6 HiInA p 3.26 -0.03 -3.6 8.7
Chart 14.58 -0.41 -8.5 11.2 InvG&I p 16.35 -0.26 -2.9 18.1 HiYldA t 6.74 -0.09 -7.5 4.5 IntGrA t 35.01 -0.10 -5.4 19.4 Factory Orders (10:00 a.m.) May
CmstA
CoreBdA p
19.06
7.37
-0.91
0.01
-23.0
6.9
-2.6
16.6
J InvGrwt p
LgCpGwth p
19.09
46.50
-0.41
-1.01
-5.0
16.4
18.9
81.2
HYMuniBd p
IncomeA p
11.94
2.88
0.04
-0.01
-3.6
0.9
14.1
13.2
IntlDvFdA t
IntlIntVA t
19.50
45.48
-0.07
-0.12
-6.5
0.2
14.4
23.4
Car Sales (3:45 p.m.) June
6 PMI Service Index (9:45 a.m.) June
CpBdA 7.72 -0.04 3.4 16.6 JamesBalGR A n: MdCpGrw p 35.58 -0.79 9.0 59.1 IntrTxFr 11.03 0.02 0.0 9.9 IntNwDA p 30.99 -0.27 -10.9 8.7
DevMkt 34.55 -0.05 -10.4 6.5 JamesBalGR A n 19.84 -0.21 -6.6 -2.1 MdCpVal p 30.04 -1.37 -22.4 -8.3 MidCapStk 23.04 -0.97 -19.4 -12.8 LtdMA p 6.06 0.00 2.0 8.4 ISM Non-Mfg. Report (10:00 a.m.) June
DevMktA 42.24 -0.38 -8.8 12.0 Janus Henderson: Sm Cap p 44.05 -1.33 -13.6 8.5 MultiAstBalOppty 11.23 -0.21 -3.1 11.8 MCapA 21.68 -0.29 3.1 56.2 7 JOLTS (10:00 a.m.) May
DiscFdA p 88.31 -1.44 8.4 60.0 Balanced C 35.50 -0.48 -2.2 28.3 SmCapGrw p 18.22 -0.21 5.3 60.4 MultiAstInc 14.66 -0.20 -3.1 9.4 MCpValA p 19.81 -0.89 -20.0 -0.9
DisMdCpGrA 24.00 -0.34 6.5 53.1 Balanced S 35.91 -0.49 -2.0 30.3 SR2020 p 17.07 -0.15 -2.3 13.1 ShDurTxFr 15.69 0.01 0.1 5.1 MIGA p 31.82 -0.62 -3.4 51.0 8 Consumer Credit (3:00 p.m.) May
DivIncm p 19.96 -0.74 -13.6 -1.0 Balanced T n 35.98 -0.49 -1.9 31.3 SR2030 p 17.97 -0.26 -5.7 13.5 ShtDurIncmA p 4.14 -0.01 -0.1 7.3 MITA p 30.35 -0.85 -7.4 27.0 9 Wholesale Trade (10:00 a.m.) May
DivrsDiv p 16.95 -0.66 -17.2 -0.6 Contrarian T n 19.65 -0.62 -7.9 29.3 SR2040A p 19.56 -0.38 -8.1 12.8 TaxFr p 11.58 0.01 -0.4 12.4 ModAllA p 18.04 -0.28 -2.6 20.0 10 PPI (8:30 a.m.) June
EqIncA 9.09 -0.29 -10.8 3.4 Enterprise Inst 71.44 -2.68 -9.4 35.3 USEquity 15.76 -0.50 -1.6 34.6 TotRet p 10.68 -0.01 3.4 11.6 MuHiA 8.12 0.02 -3.0 10.9
EqInvA 14.18 -0.34 -10.5 7.6 Enterprise S 124.48 -4.78 -9.1 32.8 ValAdv t 28.64 -1.45 -22.9 -3.1 ValOpps p 15.35 -0.62 -12.7 0.8 MuInA p 8.82 0.01 -0.7 10.1 Treasury Budget (2:00 p.m.) June
EqWtdA p 54.75 -2.33 -13.9 11.4 Enterprise T n 128.10 -4.91 -9.0 33.8 JPMorgan C Class: Lord Abbett C: MuLtA 8.26 0.00 0.5 7.6 14 NFIB Small Business Optimism Index (6 a.m.) June
GblAllocA 18.07 -0.32 -4.5 3.8 FlxBnd T n 11.14 -0.01 6.8 16.1 CoreBond p 12.46 0.00 5.3 12.5 BdDeb 7.74 -0.07 -3.5 7.9 NewDA t 28.36 -0.42 1.8 59.1
GblStrIncmA p 3.53 -0.01 -5.0 2.1 Forty S 38.54 -0.81 7.4 60.6 InvBal p 14.36 -0.17 -1.8 14.1 FloatRt p 7.84 -0.09 -9.4 -2.1 ReInA p 18.42 -0.09 -6.7 11.8
Consumer Price Index (8:30 a.m.) June
GlbOppA p 60.92 -1.10 -0.5 24.2 GlbEqIncA 5.96 -0.07 -14.1 -5.9 InvConsvGr t 12.49 -0.08 0.3 12.3 ShtDurIncmC t 4.17 0.00 -0.4 5.6 RetBdA t 11.39 -0.01 4.9 14.7 15 U.S. Import & Export Price Indexes (8:30 a.m.) June
Glcoreeq p 13.88 -0.38 -11.4 3.7 GlbEqIncC 5.89 -0.07 -14.6 -7.9 JPMorgan Funds: Lord Abbett F: RschA p 43.68 -1.35 -5.3 32.3 Empire State Manufacturers Survey (8:30 a.m.) July
GlGr 29.76 -0.38 -5.3 11.7 GlbResch T nr 79.53 -1.89 -5.6 23.7 Fl EmMktEq L 31.60 0.06 -3.4 23.7 BdDeb 7.71 -0.07 -3.0 10.3 TechA p 54.01 -0.53 14.5 77.1
GlHltCr 40.10 -1.10 -4.4 25.4 GblResh Inst 50.17 -1.19 -5.6 24.1 MdCpVal L 30.85 -1.41 -22.2 -7.0 FloatRt p 7.83 -0.08 -9.1 0.1 TotRA p 18.75 -0.36 -5.4 12.9 Industrial Production & Capacity Utilization (9:15 a.m.) June
GrIncA 18.06 -0.81 -22.3 -7.3 GlLifeSci T nr 62.82 -0.92 2.9 38.8 USEquity L 15.84 -0.52 -1.6 36.0 HiYld p 6.73 -0.09 -7.5 4.8 UtilA p 19.97 -0.54 -11.5 14.8 Beige Book (2:00 p.m.)
GrowAlloc p 14.24 -0.36 -9.8 7.2 GlTech T nr 44.49 -0.24 15.0 92.0 JPMorgan I Class: HYMuniBd 11.94 0.03 -3.6 14.3 ValueA p 37.34 -1.45 -15.2 6.9
Hyld 3.70 -0.06 -6.9 3.8 Grw&Inc T n 53.66 -1.11 -11.9 24.9 CoreBond 12.36 0.00 5.7 15.4 Income 2.88 -0.01 0.9 13.6 MFS Funds Class C: 16 Philadelphia FRB Business Outlook Survey (8:30 a.m.) July
HYMuA 9.67 0.01 -4.0 9.9 MdCpVal T n 12.71 -0.59 -21.3 -3.8 CorePlusBd 8.72 0.01 4.6 14.8 IntrTxFr 11.02 0.01 0.0 10.2 ConAllC p 15.77 -0.17 -0.8 14.9 Retail Sales (8:30 a.m.) June
IntlBdA p 5.25 0.02 -4.1 2.7 Resh T n 52.01 -1.28 4.4 49.0 EmMktEq I 31.36 0.06 -3.4 23.3 NatlTxF p 11.57 0.01 -0.3 12.8 GrAllC p 20.16 -0.35 -5.9 18.1
IntlDivA 17.56 -0.09 -5.5 11.0 SCVal T n 16.66 -0.74 -27.6 -13.3 EqInc 16.06 -0.62 -16.7 11.8 ShtDurIncm 4.14 -0.01 -0.1 7.9 Growth C t 99.52 -1.74 6.6 61.7 Business Inventories (10:00 a.m.) May
IntlGrow 29.36 -0.24 -9.0 5.5 Venture T n 76.22 -1.86 -6.2 24.5 EqIndx 45.80 -1.56 -6.4 29.6 ShtDurTxF p 15.69 0.01 0.1 5.4 ModAllC p 17.68 -0.25 -3.0 17.3 NAHB Housing Market Index (10:00 a.m) July
IntlGrowA p 42.66 -0.13 -4.3 7.3 Jensen I : GrAdv r 25.51 -0.54 12.6 70.8 TotRet 10.68 -0.01 3.4 12.0 TotRC t 18.87 -0.38 -5.8 10.3
IntlSmCoA 47.15 0.07 -2.2 23.9 Jensen I 48.51 -0.96 -5.6 36.9 GvBd 11.35 0.02 6.6 14.4 Lord Abbett I: ValueC t 36.93 -1.37 -15.5 4.5 Treasury International Capital Data (4 p.m.) May
IntTMIA p 11.12 0.02 -1.0 8.2 JensenQualGrJ n: HighYld 6.63 -0.10 -6.7 5.7 BdDebentr 7.68 -0.07 -3.0 10.6 MFS Funds Class I: 17 Housing Starts (8:30 a.m.) June
InvescoFd p 24.88 1.31 19.0 58.5 JensenQualGrJ n 48.53 -0.95 -5.7 35.9 IntmdTFBd 11.12 -0.02 1.8 9.9 DevlpGro 27.81 -0.05 13.7 79.8 BondI 15.36 -0.03 6.0 19.7
InvGloblFdA 92.44 -1.90 -3.6 22.9 John Hancock: LgCpGwth 47.35 -1.02 16.5 82.6 FloatRt 7.84 -0.09 -9.0 0.4 Growth I 136.50 -2.36 7.1 66.6
Michigan Consumer Sentiment (10:00 a.m.) - Preliminary July
LmtdTrmMunInc p 11.43 0.01 1.3 6.4 500Index1 35.55 -1.05 -6.1 29.8 MdCpGrw 42.10 -0.93 9.2 60.6 HiYld 6.77 -0.09 -7.4 5.2 IntNwDI 31.98 -0.28 -10.8 9.6 22 FHFA House Price Index (9:00 a.m.) May
MnStFndA 44.36 -1.24 -7.9 18.7 BondI 16.59 0.00 4.7 15.8 MdCpVal 30.42 -1.39 -22.3 -7.7 ShtDurInc p 4.14 0.00 0.0 8.2 MCapI 23.13 -0.30 3.3 57.4 Existing Home Sales (10:00 a.m.) June
MnStOpA p 18.48 -0.56 -5.3 19.5 BondR6 16.62 0.01 4.8 16.3 MtgBckd 11.57 -0.01 3.5 13.0 LSVValEq : MCpValI 20.34 -0.92 -19.9 -0.1
MnStSmCpA p 21.76 -0.78 -13.7 6.3 CapApprNAV 18.29 -0.20 16.2 74.7 ShtDurBnd 11.12 -0.01 3.0 8.6 LSVValEq 21.02 -1.05 -23.5 -7.1 MIGI p 32.88 -0.64 -3.3 52.0 23 U.S. Leading Indicators Index (10:00 a.m.) June
ModInvA 10.82 -0.19 -6.6 10.4 ClassicVal I 22.55 -1.12 -31.1 -19.1 SmartR2020 17.15 -0.15 -2.2 13.6 ReInT t 19.11 -0.09 -6.6 12.6 24 PMI Composite Flash (9:45 a.m.) July
MunInA 13.27
QualityIncomeA 11.86
0.02
0.02
-0.6
3.0
10.0
9.4
DispVal I 16.59
DispValMdCpR6 17.74
-0.66
-0.87
-20.0
-20.3
-0.2
-3.3
SmCap
SR2030 I
51.78
18.04
-1.56
-0.26
-13.5
-5.6
9.4
14.1
M RetBdI
RschI
11.39
44.93
-0.01
-1.38
5.0
-5.2
15.2
33.3
New Home Sales (10:00 a.m.) June
RchHiYldMuniA 7.60 0.01 -1.4 19.7 DispValR6 16.63 -0.66 -19.9 0.2 SR2040 I 19.63 -0.38 -8.1 13.2 MainStay Fds A: TotRI 18.75 -0.36 -5.3 13.7 27 Durable Goods Shipments and Orders (8:30 a.m.) June
RealEst p 16.99 -0.76 -16.9 2.6 GblShrhYldI 9.45 -0.36 -17.3 -4.1 TxAwEq 36.96 -0.83 -0.6 36.9 ConvtA 19.03 -0.25 4.1 28.6 ValueI 37.55 -1.48 -15.1 7.7 28 S&P/Case-Shiller Home Price Indices (9:00 a.m.) July
RisingDivA 18.85 -0.49 -8.5 18.7 IntlGrwI 29.08 0.16 -3.3 21.1 USEquity 15.81 -0.51 -1.6 35.4 HiYldBdA 5.31 -0.05 -4.1 9.0 MFS Funds Instl:
RochAMTFrMuni 7.62 0.00 2.3 20.4 MdCpIdxI 17.95 -0.69 -16.1 1.9 USLgCpCorPls 24.37 -0.53 -1.3 32.0 IncBldr 18.22 -0.23 -6.1 8.7 IntlEq 25.56 -0.05 -8.3 13.3 Consumer Confidence (10:00 a.m.) July
RochCAMuni 8.96 0.00 1.8 17.0 Science&TechI 33.89 -0.28 15.2 79.9 ValAdv 28.82 -1.45 -22.8 -2.3 LgCpGrA p 10.02 -0.15 9.2 65.9 Mondrian: 29 International Trade (8:30 a.m.) June
RochLmtTrNYMuni p 3.02 0.00 0.1 12.0 TotalStkMktIdxI 22.57 -0.68 -6.1 26.7 JPMorgan Inst Class: TxFrBdA 10.42 0.00 2.1 13.8 IntlValEq n 11.64 -0.23 -19.8 -9.9
MainStay Fds I:
Pending Home Sales Index (NAR) (10:00 a.m.) June
RochPAMuni 11.18 0.02 0.7 18.0 VolBalSrs1 11.34 -0.07 -8.6 8.4 ValAdv L 28.84 -1.46 -22.7 -1.9 Morgan Stanley Fds A:
RoMu A p 16.54 0.01 0.3 19.8 VolGrw1 11.57 -0.09 -12.9 5.2 JPMorgan R Class: EpochGlb r 15.53 -0.45 -17.2 -3.9 InsightA p 61.77 0.66 51.5 154.7 FOMC Meeting Announcement (2:00 p.m.)
SenFltRtA 6.49 -0.06 -11.3 -7.8 John Hancock Class 1: CoreBond 12.38 0.00 5.7 16.0 MacKaySTMuni 9.66 0.01 1.2 5.8 Morgan Stanley Fds I: 30 GDP (8:30 a.m) - (Advance) Q2, 2020
ShortTerm p 8.58 0.00 1.0 7.2 BlueChipGrw 47.16 -0.87 7.9 60.9 CorePlusBd 8.72 0.00 4.5 14.9 MAPI 37.60 -1.29 -12.3 19.1 FxInOpp I 5.67 -0.01 -0.3 13.1
SmCpGr 34.61 -0.64 1.9 29.8 CapAppr 18.22 -0.20 16.2 74.4 HighYld r 6.63 -0.10 -6.6 6.0 S&P500IdxA 42.02 -1.22 -6.1 29.0 Insight I 69.47 0.75 51.7 156.9
31 Personal Income and Outlay (8:30 a.m) June
SP IncomeA 2.65 -0.36 -37.6 -38.7 LSAggr 13.26 -0.27 -7.3 15.2 LimDurBd 10.15 0.00 1.4 8.5 TRBd 11.31 -0.01 5.4 14.9 Morgan Stanley Inst: Employment Cost Index (8:30 a.m) Q2, 2020
Tech p 56.40 -0.81 13.2 64.1 LSBalncd 13.59 -0.19 -3.3 14.4 MtgBckd 11.57 -0.01 3.5 13.5 Mairs&Power: CapGrI 69.94 0.56 51.0 120.0
Invesco Funds C: LSConserv 12.93 -0.07 0.5 11.6 ShtDurBnd 11.12 -0.01 3.0 9.2 MairsPwrBal n 92.48 -1.90 -6.7 15.2 CapGrP p 65.70 0.52 50.8 118.2 Chicago PMI (9:45 a.m.) July
EqWtdC 52.13 -2.22 -14.2 9.0 LSGwth 13.55 -0.23 -5.3 14.7 SmCpEqR5 51.95 -1.56 -13.4 10.0 MairsPwrGr n 117.77 -3.67 -7.4 22.3 CorPlusFxdIncI 11.79 0.03 4.0 16.5 Michigan Consumer Sentiment (10:00 a.m.) - Final July
RchHiYldMunC 7.57 0.01 -1.7 17.4 LSModer 12.95 -0.12 -1.6 12.9 SmCpVal 18.88 -0.93 -26.4 -19.5 Manning & Napier Fds: Discovery I 30.44 0.45 58.7 167.3
SenFltRtC 6.50 -0.06 -11.6 -9.8 MidCapStock 23.73 -0.43 15.8 66.0 USEqR5 15.85 -0.51 -1.5 36.0 ProBConsS 14.17 -0.15 2.0 15.9 DiscoveryA p p 23.86 0.35 58.4 164.9
StlpathMLPAlphFd 2.37 -0.32 -37.8 -40.0 RetCho2020 11.47 -0.08 1.4 13.2 USRechEnhEq 26.02 -0.84 -4.9 31.1 Marsico Funds: GloFranI t 28.12 -0.25 -1.4 34.7 Note: Some dates and times are approximations.
TEHYC 9.64 0.02 -4.4 7.5 RetCho2025 12.24 -0.11 0.2 15.9 JPMorgan R5 Class: Focus pn 21.72 -0.37 15.1 66.9 IntlEqI 13.73 -0.09 -6.9 2.5
Invesco Funds Instl: RetCho2030 12.71 -0.15 -1.2 17.8 SR2020 R5 17.18 -0.15 -2.1 13.9 Mass Mutual: MorganStanleyPathway:
M30 BARRON’S June 29, 2020

Mutual Funds Data provided by

Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr.
NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret.
AAMunBd p 11.76 NA NA NA ForeignVal I r 17.19 -0.57 -22.2 -11.8 TotRet 10.84 0.03 5.9 13.9 GlbStk n 49.69 -0.57 8.7 54.8 BlChip p 131.69 -2.44 7.9 60.3 MtgSec p 12.10 -0.06 -5.4 6.1 CoreFxIn F 12.08 0.03 6.3 16.4 Thrivent Funds A:
CAMunBd p 11.45 0.00 1.5 11.6 PearValR6 8.98 -0.30 -22.2 -11.6 PIMCO Funds A: GlbTech n 20.08 -0.11 22.8 66.6 CapAppA p 30.33 -0.73 -1.8 28.8 Putnam Funds Class Y: EMktDbt F 9.65 -0.04 -6.1 2.1 DivrIncPlus 7.02 -0.08 -4.3 8.7
HiYldMuBd p 16.92 NA NA NA PolForegValOrd tn 17.23 -0.58 -22.4 -12.8 AllAsset 11.09 NA NA NA GMS-fd n 11.35 -0.03 0.4 13.3 Growth p 75.68 -1.74 5.8 50.5 EqInc 22.40 -1.10 -14.9 13.8 HiYld F 6.22 -0.09 -7.8 4.7 LgCpStk 22.34 -0.48 -9.0 10.6
IntDMunBd p 9.48 0.00 1.3 11.6 Perm Port Funds: HiYld 8.49 -0.11 -3.9 9.0 GNMA n 9.45 -0.01 3.7 9.8 MCapGro p 87.96 -2.13 -4.5 32.5 GrOpp Y 45.70 -0.56 11.4 75.2 IntlEmg F 11.02 -0.05 -11.0 0.3 MidCapStk 21.39 -0.82 -12.2 8.4
LtdMnBd p 11.31 0.00 1.8 8.9 Permanent n 41.23 -0.31 1.2 18.2 HiYldMuniBd 9.26 0.02 -0.3 14.9 Gr&In n 27.68 -0.81 -8.1 24.8 R2020A p 21.24 -0.27 -3.1 16.1 Incm 7.42 -0.01 3.4 18.2 IntlEq F 10.18 -0.17 -11.3 -0.4 MuniBd 11.42 0.01 1.2 9.7
NYMunBd p 11.01 0.01 -0.1 9.1 PGIM Funds Cl A: IncomeFd 11.49 -0.04 -2.0 8.7 Growth n 77.74 -1.78 6.0 51.8 R2030A p 24.48 -0.41 -4.7 17.0 ShtDurBd 10.19 0.01 1.5 10.5 IntlFxIn F 10.40 0.01 1.4 10.5 Thrivent Funds S:
Nuveen Cl I: 2020FcA 14.97 -0.33 -0.4 35.2 IntlBdUSH 10.80 0.02 1.6 12.6 HelSci n 85.52 -1.98 5.0 44.6 R2035 17.94 -0.33 -5.3 17.2 StDurInc 10.08 0.00 1.0 6.6 IntMuni F 11.94 0.00 1.0 9.6 LgCpVal n 19.45 -0.82 -17.7 4.8
HYMunBd 16.92 NA NA NA Balanced 15.15 -0.21 -5.5 14.5 InvstGrCrBd 10.94 -0.01 1.8 15.5 HiYield n 6.22 -0.06 -4.3 9.0 R2040A p 25.25 -0.50 -5.9 17.4 LgCapGr F 39.41 -0.83 5.5 56.2 MidCapStk n 24.55 -0.94 -12.1 9.4
Nuveen Cl R:
CAMunBd 11.47 0.01 1.6 12.3
HighYield
JennBlend
5.15
19.30
-0.08
-0.42
-4.9
-5.8
11.1
22.2
LowDurA
LowDurInc
9.91
8.32
0.01
-0.03
2.1
-1.5
7.3
7.8
InstCorePl
InstEmMEq
10.86
38.01
0.01
-0.12
3.6
-10.7
14.1
11.7
Ret2045-A p
Ret2050-A p
17.23
14.51
-0.36
-0.31
-6.4
-6.4
17.2
17.1
R LgCVal F
MgdVol F
18.88
15.15
-0.87
-0.43
-21.9
-15.5
-3.0
8.9
OppIncmPl n
TIAA-CREF/Instl Cl:
9.85 -0.07 -1.6 7.7

DivVal I 11.13 -0.42 -22.4 -0.6 JennGrowth 47.96 -0.49 15.9 73.4 MuniBdA 10.17 0.01 1.6 13.4 InstFLRfd r 9.31 -0.09 -3.8 7.4 Price Funds - R Cl: RBB Fund: S&P500 F 67.69 -1.97 -6.1 29.9 CoreBond Inst 11.00 0.00 4.7 15.1
IntDMunBd 9.50 0.00 1.3 12.1 JennHealthSci 48.14 -0.94 10.1 31.0 RealRtnA 11.84 NA NA NA InstHiYld 8.25 -0.10 -4.6 9.5 BlChipR p 126.05 -2.34 7.7 59.1 BPSmVal2Inst 18.21 -0.79 -29.2 -17.9 ShtGov F 10.59 -0.04 3.2 7.5 CorePlsBd 10.93 -0.01 3.7 14.5
LmtTrmR 11.27 0.00 1.9 9.6 JennMidCapGrowth 22.21 -0.36 1.3 38.5 ShtTmA 9.82 0.02 1.6 6.5 LgCapGow I 47.48 -0.99 7.8 64.1 ExtIndex nr 26.52 -0.82 -9.3 14.6 RBC Funds: TaxMgdLC F 24.83 -0.87 -9.9 21.0 TIAA-CREF/Retail Cl:
NYMunBd 11.02 0.01 0.0 9.8 JennUtility 14.00 -0.30 -10.0 19.1 StksPLSTR 9.81 -0.27 -7.9 27.2 InstLCCoreGr 52.59 -0.98 8.0 62.2 GrowthR p 72.69 -1.68 5.7 49.4 AccCpCommInvI 9.15 0.00 3.3 9.5 TaxMgdSmMdCp F 17.88 -0.66 -18.4 -3.4 EqIdx n 22.24 -0.65 -6.6 27.2
RealEst 16.97 -0.53 -17.0 -0.3 NationalMuni 14.91 0.03 0.3 9.6 TotRetA 10.84 0.03 6.1 14.8 LgCpVal 18.73 -0.75 -20.7 -0.3 R2020R p 21.03 -0.26 -3.2 15.2 RiverNorth Funds: Selected Funds: Gro&Inc n 19.06 -0.52 -6.9 24.4
SmCpVal 16.14 -0.58 -31.3 -30.5 ShrtTermCorpBond 11.23 -0.01 2.3 9.5 PIMCO Funds C: InstSmCap 22.90 -0.76 -10.6 26.4 R2030R p 24.24 -0.41 -4.8 16.1 RNDLIncomeI 10.07 NA NA NA AmShD n 32.12 -1.37 -13.9 10.4 LrgCpGro n 23.86 -0.53 9.3 60.4
TotalReturnBond p 14.76 0.01 3.6 15.4 IncomeFd 11.49 -0.04 -2.4 6.2 IntDis n 69.68 -0.40 2.0 21.4 R2040R p 25.04 -0.50 -6.0 16.5 Royce Funds: AmShS pn 32.02 -1.36 -14.0 9.3 MgdAlloc n 12.44 -0.17 -2.9 16.5
O PGIM Funds Cl C:
TotalReturnBond 14.74 0.01 3.2 12.8
TotRetIncC
PIMCO Funds I2:
10.84 0.03 5.7 12.2 IntEqIdx nr
IntlBond n
12.55
8.98
-0.15
0.00
-11.4
0.4
0.6
8.5
Ret2025-R p
Ret2035-R
16.81
17.70
-0.25
-0.33
-3.9
-5.4
15.8
16.2
Oppty I nr 9.72 -0.38 -22.4 -9.7 Sequoia:
SequoiaFd n 149.53 -5.64 -2.9 33.6
SocChEq n
TIAA/CREF Funds:
17.24 -0.45 -5.9 27.9
PAMut I nr 7.80 -0.25 -17.4 5.4
Oak Associates Funds: PGIM Funds Cl Z: All Asset 11.10 NA NA NA IntlStk n 17.31 -0.14 -7.1 10.0 Ret2050-R 14.37 -0.30 -6.4 16.4 PremierI nr 10.70 -0.37 -16.9 14.0 Sit Funds: BdIdxInst 11.67 0.02 6.3 15.7
RedOakTec n 32.15 -0.58 3.4 59.0 GlobalRealEstate 20.07 -0.48 -16.5 4.0 CommdtyRR 4.59 -0.09 -22.1 -15.6 IntlValEq n 11.70 -0.20 -17.5 -13.2 PRIMECAP Odyssey Fds: SpecEqI nr 15.27 -0.34 -13.2 -3.9 MinnTxF n 10.50 0.00 -0.3 9.8 EqIdxInst 21.84 -0.64 -6.4 28.3
Oakmark Funds Invest: HighYield 5.16 -0.08 -4.7 11.8 ComPLUSStrtgyFd 3.85 -0.12 -29.0 -6.9 Japan n 15.70 -0.04 2.2 28.6 AggGrowth nr 43.74 -1.38 -2.6 27.3 TotRet I nr 8.55 -0.36 -21.1 -4.9 SmeadFds: EqIdxRet 22.17 -0.65 -6.5 27.4
EqtyInc nr 26.22 NA NA NA JennGrowth 52.51 -0.54 16.0 75.0 GNMAGvtSec 11.42 0.00 4.2 12.1 MCapVal n 23.56 -0.86 -15.8 -2.3 Growth nr 37.62 -1.23 -8.1 23.9 RS Funds: SmeadValueInstl 40.57 -1.61 -19.5 10.9 Gr&IncInst 13.67 -0.38 -6.9 25.5
GlbSel nr 15.87 NA NA NA JennHealthSci 54.14 -1.06 10.3 32.1 Income 11.49 -0.04 -1.9 9.7 MCEqGr 58.10 -1.42 -4.9 34.6 Stock nr 29.14 -1.03 -15.5 12.0 CoreEqVIP 38.08 -1.65 -21.1 4.9 SoundShoreInv n: Gr&IncRet 13.95 -0.39 -7.0 24.6
Global n 23.08 NA NA NA JennMidCapGrowth 26.02 -0.42 1.5 39.7 IntlBdUSH 10.80 0.02 1.7 13.6 MD Bond n 10.82 0.01 0.1 9.2 Principal Investors: InvQBdVIP 13.18 0.01 5.4 13.8 SoundShoreInv n 34.11 -1.38 -19.1 -6.7 HgYldInst 8.98 -0.14 -6.6 8.1
Oakmark n 68.57 NA NA NA JennSmallCompany 19.54 -0.42 -16.2 2.7 InvstGrCrBd 10.94 -0.01 2.0 16.5 MidCap n 91.23 -2.19 -4.3 33.6 CapApprA p 46.24 -1.12 -6.2 32.2 Russell Funds S: Sprott Funds Trust: InflLkdBdInst 11.92 0.02 4.0 11.0
OakmrkInt n 19.24 NA NA NA TotalReturnBond 14.71 0.01 3.7 16.3 LowDurInc 8.32 -0.03 -1.4 8.8 N Asia n 19.24 0.11 -1.2 19.7 ConBalA p 11.73 -0.14 -3.6 12.1 EmerMkts 16.83 NA NA NA GoldEq Inv p/r tn 48.51 2.23 16.6 31.9 IntlEqIdxInst 17.69 -0.21 -11.5 1.9
Select n 36.28 NA NA NA PIMCO Fds Admin: LwDur 9.91 0.01 2.2 7.9 N Inc n 9.83 0.01 2.6 12.2 EqIncIA p 27.99 -1.05 -16.9 12.7 IntlDvMkt n 31.69 NA NA NA SSgA Funds: IntlEqIdxRet 18.09 -0.22 -11.6 1.1
Oberweis Funds: ShortTrmAd p 9.82 0.02 1.6 6.5 RealRtn 11.84 NA NA NA NAmer n 60.14 -1.09 9.8 66.7 FlIncA p 12.09 -0.09 -2.3 11.1 InvGrdBd n 22.88 NA NA NA SP500 n 217.37 -7.37 -5.7 30.6 IntlEqInst 10.30 -0.11 -10.2 -5.5
IntlOppInst 11.44 0.12 9.9 20.7 TotRtAd p 10.84 0.03 6.1 15.2 ShtTm 9.82 0.02 1.6 7.0 New Era n 26.03 -0.84 -24.3 -15.4 HighYldA p 6.77 -0.09 -3.9 7.0 RESec n 27.42 NA NA NA State Farm Associate: LC2015Ret 12.24 -0.11 -1.4 15.6
Old Westbury Fds: PIMCO Fds Instl: TotRt 10.84 0.03 6.2 15.7 NHoriz n 70.45 -0.39 18.7 88.7 HiYld IN 8.70 -0.14 -5.0 5.4 StratBd n 11.63 NA NA NA Balan n 71.65 -2.13 -5.3 17.8 LC2020Ret 12.90 -0.13 -2.1 16.1
AlCpCore n 18.16 -0.50 -1.4 36.9 AllAsset 11.08 NA NA NA PIMCO Funds Instl: OverS SF nr 9.82 -0.15 -12.2 0.3 InfPro IN 9.11 0.05 5.5 13.5 TaxExBd n 23.42 NA NA NA Gwth n 81.96 -3.14 -9.1 20.7 LC2025Ret 13.24 -0.16 -3.0 16.5
FixInc pn 11.87 0.01 5.5 12.4 AllAssetAuth r 7.51 NA NA NA ComPLUSStrtgyFd 3.88 -0.11 -28.8 -6.4 QMUSSmCpGrEq n 36.20 -1.08 -8.8 23.5 LgCpStA p 18.46 -0.54 -6.2 29.2 Muni n 8.99 -0.01 3.5 12.0 LC2030Ret 13.50 -0.19 -3.9 16.9
TMUSMdSmCp n 25.77 NA NA NA
LrgCpStr n 13.91 -0.31 -7.7 13.5 CommodtyRR 4.61 -0.09 -22.0 -15.3 DynamicBd 10.56 0.01 0.8 10.0 SpectConsAllo n 19.51 -0.25 -1.7 15.3 LgIndxI 18.46 -0.54 -6.1 30.3 State Street Institu: LC2035Ret 13.88 -0.22 -5.0 17.1
TxMngUSLgCp n 46.65 NA NA NA
MuniBd pn 12.52 0.00 2.8 8.6 DivInc 10.85 -0.05 -0.8 13.4 GNMAGvtSec 11.42 0.00 4.2 12.5 SpectModerAllo n 23.39 -0.38 -3.4 17.7 LgIndxJ tn 18.26 -0.53 -6.1 29.5 SmCapEq (ICL) 14.24 -0.44 -18.1 0.9 LC2040Inst 10.05 -0.18 -5.8 18.0
USSmCpEq n 22.60 NA NA NA
MutiAstOpp n 6.30 -0.07 -16.7 -5.8 EmMktsBd 10.19 -0.02 -2.6 10.5 IncomeFd 11.49 -0.04 -1.8 10.0 SpectModerGwAllo n 33.94 -0.57 -5.4 19.2 LT2020 In 13.37 -0.16 -1.7 17.1 State Street V.I.S.: LC2040Ret 14.13 -0.26 -6.0 17.1
Russell LifePoints A:
OWstbryNYMuBndFdn 10.55 0.00 2.1 NS EmrgMktCur&STInv 7.53 NA NA NA InflRespMulAsset 7.86 -0.02 -3.4 8.6 R2005 n 13.54 -0.11 -1.2 14.7 LT2020J tn 13.28 -0.17 -1.8 16.5 TR V.I.S. Cl 1 14.55 -0.21 -8.5 5.9 LC2045Ret 11.95 -0.24 -6.9 16.8
BalStrat p 9.97 NA NA NA
Sm&MdCapStrategi n 14.12 -0.30 -9.4 6.3 ExtdDur 11.05 0.27 30.6 50.5 RAEPLUSIntl 5.75 NA NA NA R2010 n 17.74 -0.17 -1.6 15.4 LT2030In 13.90 -0.23 -4.1 17.8 TR V.I.S. Cl 3 14.49 -0.21 -8.6 5.1 LCIdx2010Inst 16.06 -0.14 0.3 17.8
Rydex Investor Class:
Optimum Funds Inst: GlblBdOppUSH 10.35 0.01 2.1 10.0 RAEPLUSSml 7.67 -0.29 -26.9 -13.5 R2015 n 14.19 -0.15 -2.1 16.0 LT2030J tn 13.85 -0.23 -4.2 17.2 Sterling Capital Fds: LCIdx2020Inst 17.74 -0.18 -0.9 19.0
NasdaqInv n 49.99 -0.82 12.5 68.7
Fixed Inc 10.17 0.01 5.6 14.8 HiYld 8.49 -0.11 -3.8 10.2 SeniorFloRate 9.03 -0.11 -6.5 3.5 R2020 n 21.43 -0.27 -3.0 16.9 LT2040I 14.50 -0.29 -5.8 18.6 SmCap 60.31 -2.96 -23.8 -10.0 LCIdx2025Inst 18.63 -0.24 -1.9 19.6
Intl Eqty 11.51 -0.23 -14.4 -2.5 HiYldMuniBd 9.26 0.02 -0.2 15.9 Pioneer Funds A: R2025 n 17.12 -0.25 -3.7 17.5 LT2040J tn 14.35 -0.29 -6.0 17.9 TotRetBdI 11.30 0.02 5.9 16.6 LCIdx2035Inst 20.32 -0.34 -4.1 20.5
LgCpGrwth 20.90 -0.47 4.9 51.1 IntlBdUnhedged r 9.51 NA NA NA AMTFreeMuniA p p 15.46 -0.05 3.1 14.6 R2030 n 24.73 -0.41 -4.5 17.9 LT2050I 14.43 -0.32 -7.3 18.1 S LCIdx2040Inst 20.82 -0.39 -5.2 20.6
LgCpVal
SmCpGrwth
14.65
14.86
-0.52
-0.31
-17.0
3.8
5.6
41.0
IntlBdUSH
InvGrdCrBd
10.80
10.94
0.02
-0.01
1.8
2.0
13.9
16.9
BondA
CoreEqA
9.99
19.21
0.00
-0.64
2.5
-5.4
12.0
27.0
R2035 n
R2040 n
18.04
25.51
-0.33
-0.50
-5.2
-5.7
18.0
18.2
MdGrIII Inst
MidCpBldA
12.06
27.80
-0.27
-1.02
1.9
-7.6
45.2
35.8
Schroder Funds: T LCIdx2045Inst 20.79
LifeStkIdx 26.22
-0.43
-0.77
-6.3
-6.4
20.3
28.2
NAmerEqInv n 16.51 NA NA NA TCU ShtDur :
SmCpVal 10.20 -0.52 -26.5 -17.9 LgTmRlRt 10.22 0.20 18.0 34.2 DiscGrA 18.41 -0.34 3.9 46.5 RealEst n 19.42 -0.85 -23.3 -12.1 PreSecI 9.82 -0.05 -3.4 10.0 LrgCpGrIdxInst 38.76 -0.74 6.6 61.2
LgTrmCrdtBd 13.32 0.01 5.3 27.8 EqIncA 29.79 -1.18 -17.7 3.6 Ret2025A p 17.01 -0.25 -3.8 16.6 PtrLGI In 17.26 -0.36 7.4 69.6 Schwab Funds: TCU ShtDur 9.89 0.00 3.2 9.1 LrgCpGrIdxRet 39.02 -0.75 6.5 60.0
Osterweis Strat Income:
OsterweisStrInc n 10.58 -0.08 -0.4 7.1 LngDurTotRtrn 11.95 0.11 13.6 33.1 HighIncMuniA 7.14 0.05 -3.0 12.7 Ret2045 n 17.36 -0.37 -6.3 18.0 PtrLV In 13.97 -0.55 -17.9 6.9 1000 Inv nr 67.04 -1.97 -5.8 30.4 TCW Funds: LrgCpGrInst 23.94 -0.53 9.6 61.9
LowDur 9.91 0.01 2.3 8.2 MdCapVa 18.27 -0.81 -21.2 -10.5 Ret2045R 17.00 -0.36 -6.5 16.3 RealEstSecI 23.19 -0.78 -15.6 9.5 Balanced n 15.68 -0.24 -0.6 22.0 CoreFxInc n 11.98 0.02 6.6 16.8 LrgCpVl IdxInst 16.50 -0.72 -18.7 2.4
PQ LowDurInc r
LTUSG
8.32
7.94
-0.03
0.13
-1.3
22.6
9.1
36.8
PioFdA
SelMCGrA
28.57
45.09
-1.01
-0.88
-3.0
0.3
38.4
42.5
Ret2055 n
Ret2055
14.89
14.77
-0.31
-0.31
-6.4
-6.5
17.8
17.0
SAMBalA p
SAMGrA p
14.85
16.24
-0.26
-0.36
-5.8
-8.0
14.0
15.5
CATxFrBd n
CoreEq n
12.14
20.84
0.00
-0.62
1.5
-7.8
9.7
20.4
EmMktInc n
SelEqtyI n
7.79
30.63
-0.01
-0.65
-6.1 6.1
12.5 72.2
LrgCpVl IdxRet 16.80
LrgCpVl Inst 14.92
-0.73
-0.62
-18.8
-18.9
1.6
-2.6
PACE Funds Cl P: ModDur 10.84 0.00 5.9 13.9 StratIncA p p 10.60 -0.05 -2.2 7.4 RetBal Inc n 15.17 -0.15 -1.6 14.6 StrGrw A p 17.08 -0.44 -9.3 15.5 DivEqSel n 11.71 -0.48 -21.5 -5.6 TotRetBondI n 10.52 0.05 7.2 16.5 MdCpGrInst 21.74 -0.52 2.1 38.4
IntlEqty P 13.98 -0.12 -10.4 1.7 MortgOppBd 10.78 0.02 1.1 10.0 Pioneer Funds Y: SciTec n 46.33 -0.79 7.3 65.0 ProFunds Inv Class: FunIntlLgInst nr 7.41 -0.13 -17.8 -6.9 TCW Funds N: MdCpVl Inst 13.23 -0.56 -26.2 -13.8
LgGrEqty P 24.66 -0.52 7.5 52.5 RAEFndmtlAdvPLUS 8.52 NA NA NA AMTFreeMuniY 15.40 -0.04 3.1 15.4 Sht-Bd n 4.80 0.00 2.6 8.8 UltNASDAQ-100 n 107.61 NA NA NA FunUSLgInst nr 15.10 -0.59 -15.2 13.2 TotRetBdN pn 10.84 0.05 7.1 15.6 QuantSmCpEqInst 13.06 -0.39 -21.1 -5.3
LgVEqty P 16.73 -0.67 -23.3 -7.5 RAEPLUS r 5.43 NA NA NA BondY 9.90 0.01 2.7 13.1 SmCap n 38.24 -1.45 -20.2 -2.2 Putnam Funds Class A: HlthCare n 25.66 -0.43 -0.5 25.0 Templeton Class A: RealSecInst 15.60 -0.61 -11.3 16.0
StraFxd P 14.61 -0.01 5.7 16.3 RAEPlusEMG 8.10 NA NA NA SelMCGrY 49.58 -0.97 0.4 43.5 SmCapStk n 46.86 -1.52 -10.4 26.2 CATx p 8.19 0.00 1.3 12.1 InflProSel n 11.95 0.07 6.1 14.9 TGlTotRA 10.22 -0.01 -5.6 -3.6 RealSecRet 16.32 -0.63 -11.4 15.2
StratInvP 10.62 -0.02 0.3 2.5 RealRtnI 11.84 NA NA NA StratIncY p p 10.60 -0.05 -2.0 8.5 SpecGr n 21.51 -0.54 -7.6 18.1 DvrIn p 6.44 -0.03 -7.6 5.7 IntI Sel nr 18.32 -0.22 -11.6 1.8 Templeton Instit: S&P500IdxInst 33.27 -0.98 -6.0 30.7
Pacific Life Funds: RERRStg 7.31 -0.23 -19.4 -1.7 Price Funds: SpecInc n 12.24 -0.11 -2.4 8.7 DynAABalA 14.45 -0.19 -3.1 13.7 IntlMstr nr 22.11 -0.22 -7.7 6.6 IntlEqSer Primar 13.08 -0.30 -15.8 -13.1 S&P500IdxRet 33.03 -0.97 -6.1 29.8
PortOptModAggClA p 12.59 NA NA NA ShortT 9.82 0.02 1.7 7.3 2050RetFd n 14.67 -0.30 -6.2 18.1 SpecIntl n 12.73 -0.12 -9.6 4.9 DynAAGthA 15.62 -0.26 -5.8 13.2 MT AllEq n 16.60 -0.45 -13.0 9.0 The Bruce Fund: ShTrmBdInst 10.45 0.00 2.0 8.5
PortOptModClA r 12.29 NA NA NA ShtAssetInv 9.98 0.01 0.6 6.4 Balnanced n 23.93 -0.48 -3.1 19.0 SuMuInc n 12.03 0.02 0.0 10.3 EqIn p 22.40 -1.09 -14.9 13.0 MT Bal n 17.62 -0.28 -5.3 12.9 BruceFund n 551.34 -14.36 -6.6 14.3 SmCpBl IdxInst 17.34 -0.50 -16.7 1.9
Palmer Square: StcksPLUSIntlHdg r 6.96 -0.10 -10.8 8.0 BdEnhIdx nr 11.80 0.02 6.3 16.0 SuMuInt n 12.17 0.01 1.4 9.6 GeorgePutBal 20.46 -0.37 -0.8 26.8 MT Gro n 21.19 -0.47 -9.3 11.5 Third Avenue: SmCpBl IdxRet 17.41 -0.50 -16.8 1.1
Income Plus 9.76 -0.07 -0.1 8.1 StcksPLUSIntUnh 5.29 -0.07 -12.8 0.2 BlChip n 134.32 -2.48 8.0 61.6 TaxEfEqty nr 40.15 -0.84 4.6 56.6 GlblEqty p 15.79 -0.36 -9.4 12.2 S&P Sel n 46.45 -1.36 -6.0 30.8 REVal Inst r 19.59 -0.81 -22.5 -16.6 SocChEqInst 19.54 -0.50 -5.8 28.9
Parnassus Fds: StcksPLUSShort 6.64 0.17 -2.6 -24.7 CA Bond n 11.61 0.01 0.2 9.8 TF Incom n 11.72 0.02 -3.4 8.5 GlbHlthCare p 56.82 -1.24 0.8 28.6 SmCp Sel nr 24.26 -0.70 -16.7 1.7 Thompson IM Fds,Inc: SocChEqRet 19.85 -0.51 -5.9 28.0
ParnEqFd n 44.55 -1.11 -5.0 33.8 StcksPLUSSmall 7.88 -0.23 -18.6 -0.3 Communica&Tech n 149.83 -2.47 21.1 74.7 TF Incom n 10.12 0.01 0.2 9.9 GrOpp p 43.48 -0.54 11.3 73.8 SmCpEqSel nr 13.44 -0.39 -22.6 -12.8 Bond n 10.44 -0.11 -6.9 1.4 Tortoise Capital:
Parnsus n 49.89 -0.43 -1.1 21.9 StkPlsLgDur 7.77 -0.12 5.2 62.5 CorpInc n 10.02 0.00 2.7 15.9 TFSI n 5.70 0.00 1.6 6.1 HiYld A p 5.50 -0.09 -4.1 8.6 Trgt2020 nr 14.03 -0.12 -0.1 16.8 Thornburg Fds: TorMLPPipInsCl 7.70 -0.65 -36.9 -33.9
Pax World Fds: StPlTRInst r 10.03 -0.26 -7.7 28.9 DivGro n 48.68 -1.33 -8.1 29.7 TotIndex n 33.15 -0.99 -6.8 26.8 Incm p 7.28 -0.01 3.3 17.3 Trgt2030 nr 14.81 -0.22 -4.0 15.3 IncBuildA t 18.56 -0.35 -15.9 1.1 Touchstone Family Fd:
SustAll Inv n 22.89 -0.55 -0.9 21.6 TotRetESG 9.71 0.03 5.9 15.4 DvsfMCGr n 36.78 -0.81 0.3 47.3 U.S.EqResch n 29.02 -0.92 -6.2 31.1 IntlEq p 22.12 -0.23 -9.6 0.5 Trgt2040 nr 15.19 -0.27 -6.2 14.1 IncBuildC p 18.53 -0.36 -16.3 -1.2 FlexIncY 10.82 -0.07 0.9 9.8
Paydenfunds: TotRt 10.84 0.03 6.2 16.0 EmgMktB n 10.68 -0.06 -5.9 -0.9 USLrgCpCore n 24.59 -0.65 -8.1 24.5 NYTx p 8.64 0.00 0.1 9.4 TSM Sel nr 52.33 -1.56 -6.5 28.1 IntVal I 22.89 -0.12 -5.1 5.9 FocEqY 43.05 -1.43 -5.6 18.9
CoreBd n 11.10 0.02 3.5 13.2 TRII 10.29 0.02 6.3 16.7 EmMktS n 41.87 -0.12 -10.6 11.4 USTInter n 6.34 0.02 8.3 15.3 ShtDurBd 10.17 0.01 1.4 9.6 TxFrBd n 12.00 0.00 1.3 9.6 IntValA p 22.09 -0.12 -5.0 4.9 LagCapFoc A p 41.08 -1.20 -4.0 35.1
EqIncInv n 15.54 -0.45 -14.6 12.3 TrndsMgdFutStrgy 10.05 0.08 3.5 11.6 EqInc n 24.93 -1.29 -21.2 -0.3 USTLg n 15.52 0.26 22.7 37.7 StDurInc 10.07 0.00 0.9 6.3 USSmCoIdx nr 10.67 -0.50 -24.2 -8.7 LtdTIn 14.02 0.01 5.0 12.2 MdCpGrInst 32.67 -0.93 -3.5 43.2
LowDur n 10.18 0.01 1.8 7.6 PIMCO Funds: EqIndex n 79.89 -2.73 -6.0 30.1 VABond n 12.19 0.01 1.4 10.3 SustainLdrsFd p 95.88 -1.25 1.8 52.4 Segall Bryant & Hami: LtdTIncI 14.02 0.01 5.1 13.2 MdCpGrwY 32.32 -0.92 -3.5 43.0
LtdMat n 9.47 0.00 0.7 6.8 IncomeFd 11.49 -0.04 -2.1 7.8 Europe n 20.21 -0.23 -8.1 7.8 Value n 31.71 -1.14 -16.4 4.7 TFHY 12.35 0.04 -2.3 11.4 PlusBd n 11.23 -0.01 5.6 15.9 LtdTMu I 14.59 0.01 1.8 7.0 MdCpY 35.55 -1.40 -11.4 32.3
Pear Tree: StcksPLUSIntlHdg 6.88 -0.10 -11.0 7.7 FinSvcs n 21.65 -0.97 -23.1 0.9 Price Funds - Adv Cl: TxEx p 8.58 0.01 0.1 11.3 SEI Portfolios: LtdTMuA 14.59 0.01 1.7 6.1 SandsCapGrI 27.19 -0.25 21.8 85.9

Short Interest

NYSE Shorts Fall 2% Nasdaq Shorts Rise 1%

S A
HORT INTEREST ON THE NEW YORK June 15, from a revised 439,423,181, as of May S OF JUNE. 15, OVERALL NASDAQ est ratio was 2.5 days, versus 2.7 days for the
Stock Exchange fell 2%, to 15. The short-interest ratio decreased to 1.6 short interest rose 1%, to previous reporting period.
14,951,860,531 shares, as of June 15, days, from a revised 1.8 in the prior period. 9,033,432,508 shares, compared Short interest on the Nasdaq Capital Mar-
from a revised 15,306,491,087 on May The top three shorts on the NYSE: with 8,975,381,735 on May 29. The kets climbed 2.5%, to 1,105,754,484 shares in
29. The short-interest ratio fell to 2.4 days, SPDR S&P 500 ETF Trust (ticker: SPY), short-interest ratio was 1.88 days, versus 2.16 1,053 securities, versus 1,078,521,731 in 1,042
versus 2.8 days on May 29. The ratio is calcu- SPDR Financial Select (XLF) and NIO in the preceding reporting period. on May 29. The short-interest ratio remained
lated by dividing the number of shares sold (NIO). The top three on the NYSE MKT: On the Nasdaq Global Markets, short in- at 1 day. The top three shorts in the period:
short by the average total traded each day. Northern Oil & Gas (NOG), GlobalStar terest increased 0.4%, to 7,927,678,024 shares Sirius XM (ticker: SIRI), American Airlines
Short interest on the NYSE American Ex- (GSAT) and Northern Dynasty and Miner- in 2,439 securities. That’s up from 7,896,860,004 Group (AAL), and Opko Health (OPK).
change rose 3%, to 454,721,565 shares, as of als (NAK). –MICHAEL T. KOKOSZKA in 2,420 securities on May 29. The short-inter- —MICHAEL T. KOKOSZKA
June 29, 2020 BARRON’S M31

Mutual Funds Data provided by

Net YTD 3-Yr.

NAV Chg. % Ret. % Ret.
Net YTD 3-Yr.
NAV Chg. % Ret. % Ret.
Net YTD 3-Yr.
NAV Chg. % Ret. % Ret.
Net YTD 3-Yr.
NAV Chg. % Ret. % Ret. Scoreboard: Risk Returns
SandsCapGrY 15.97 -0.15 21.4 83.8 InfTechIdx n 138.69 -0.56 11.3 94.8 MuSht n 15.91 0.00 1.1 5.1 EstValA 32.71 -1.34 -17.7 4.5
Tr for Credit Unions: IntlGrAdml n 113.62 0.20 10.5 44.5 NYLT n 12.00 0.01 1.5 12.1 EstValI 32.72 -1.36 -17.6 5.5
(With markets refocusing on pandemic risk, stocks fell and precious metals, particularly gold, shone. U.S.
UltShtDur TCU 9.41 0.00 1.0 5.3 ITBondAdml n 12.59 0.01 7.9 18.7 OHLTte n 13.06 0.00 3.3 15.0 EstValR p 32.25 -1.30 -17.8 3.9 stock funds slipped 1.23% and energy funds plunged 6%, while precious metals rallied 7.19%.
Transamerica A: ITCorpIx n 25.53 -0.02 5.2 19.0 Primcp nr 126.79 -3.81 -8.9 27.6 FundFIncI 8.55 -0.04 3.2 8.4
AsAlCnsrv p 10.70 -0.06 1.0 12.6 ITIGradeAdml n 10.51 -0.01 6.7 18.1 PrmcpCor n 24.44 -0.82 -12.5 17.7 SmCap Grwth p 77.19 -1.31 0.0 45.3 One Week Year-to-Date
AsAIGrow p 11.68 -0.23 -7.2 8.7 ITsryAdml n 12.15 0.02 8.0 15.3 SelValu nr 20.24 -0.96 -25.3 -13.9 SmCoOppI 34.75 -1.28 -23.8 -1.3
AsAlMod p 11.01 -0.11 -1.2 11.6 ITTresIdx n 23.83 0.05 7.8 15.2 STAR n 27.16 -0.55 -0.7 23.4 VirtusFunds: U.S. STOCK FUNDS – 1.23% – 7.25%
AsAlModGr p 11.25 -0.16 -3.6 10.7 LarCapAd n 70.19 -2.36 -5.1 31.9 STFed n 10.99 -0.01 3.3 8.8 CeredexLgCpVlEqI 10.61 -0.94 -19.7 3.6 TOP SECTOR / Precious Metals Equity Funds 7.19 18.26
Balanced 28.64 -0.53 -0.4 23.6 LTGradeAdml n 11.86 0.05 10.8 30.5 STIGrade n 10.93 0.00 3.1 10.4 CeredexMdCpVlEqI 9.69 -0.52 -23.2 -1.5
FocusA 39.37 0.32 50.2 113.7 LTsryAdml n 15.76 0.25 22.3 37.7 STIPSixInv n 25.10 0.00 1.8 7.7 GvSecUltShtBdI 10.03 0.00 1.0 5.8 BOTTOM SECTOR / Energy MLP Funds – 6.00 – 32.48
Trust for Professional Ma: LTTresIdx n 33.91 0.57 22.2 37.9 StratgcEq n 27.47 -0.96 -17.9 -0.6 VirtusFunds Cl A: S&P 500 – 1.01 – 4.55
PrfTrtStrtBd Ins 22.67 0.06 1.3 13.1 MatIdx nr 59.22 -1.69 -12.5 1.4 StrSmCpEqInv n 26.00 -0.82 -21.2 -8.9 MulSStA p 4.66 -0.01 0.2 6.7 U.S. BOND FUNDS – 0.16 1.44
Tweedy Browne Fds: MidCpAdml n 196.97 -7.30 -9.9 16.3 STTsry n 10.89 0.01 3.4 8.3 SmCapSusA 43.62 -0.60 9.2 96.6 Bloomberg Barclays AGG Bond 0.07 6.41
GblValue n 23.96 -0.55 -14.4 -4.8 MrgBkdIdx n 21.75 0.01 3.3 11.1 TgtRe2015 n 15.19 -0.09 0.1 16.9 StratGrA p 20.71 -0.28 13.5 62.7
MuHYAdml n 11.56 0.01 0.1 14.1 TgtRe2020 n 31.99 -0.31 -1.7 17.5 TactAllA p 10.85 -0.08 7.4 36.1 THE WEEK'S TOP 25
U MuIntAdml n
MuLTAdml n
14.60
11.98
0.00
0.01
2.1
2.2
11.5
14.2
TgtRe2025 n
TgtRe2030 n
19.30
35.08
-0.23
-0.48
-2.7
-3.8
18.1
18.2
VirtusFunds Cl C:
MulSStC p 4.73 -0.01 0.3 6.1 Fund Investment Objective One Week Year-to-Date
UM Funds: MuLtdAdml n 11.16 0.00 1.6 7.4 TgtRe2035 n 21.44 -0.33 -4.8 18.1 VirtusFunds Cl I:
BehavVal 42.60 -2.71 -32.1 -21.2 MuShtAdml n 15.91 0.00 1.1 5.4 TgtRe2040 n 36.84 -0.65 -5.9 18.1 EmMktI 10.32 -0.05 -10.6 -1.6 VanEck Intl Gold A / INIVX Precious Metals Eq 9.12% 27.2%
USAA Group: NJLTAdml n 12.27 0.02 0.2 15.0 TgtRe2045 n 23.02 -0.45 -6.8 17.6 ForOppI 28.48 -0.30 -5.5 13.6 US Glbl Gold&PM / USERX Precious Metals Eq 8.58 7.3
500Indx Reward n 41.54 -1.39 -4.6 32.4 NYLTAdml n 12.00 0.01 1.6 12.4 TgtRe2050 n 37.07 -0.72 -6.8 17.6 IntSmCapI 17.43 -0.06 -8.5 17.6
CA Bd n 11.34 0.01 1.1 11.7 PacifAdml n 78.73 -0.75 -8.1 4.8 TgtRe2060 n 35.55 -0.69 -6.8 17.5
Rydex Precious Metls Inv / RYPMX Precious Metals Eq 8.49 14.0
MulSStI 4.67 -0.01 0.3 7.5
CapGr n 9.88 -0.22 -10.6 9.2 PALTAdml n 11.94 0.01 2.2 15.0 TgtRet2055 n 40.24 -0.78 -6.8 17.6 QualitySmCapI 18.51 -0.44 -3.8 12.5 Invsc Oppen Gld & SM A / OPGSX Precious Metals Eq 8.33 18.2
CrnrsMod n 14.32 -0.20 -4.2 8.7 PrmcpAdml nr 131.44 -3.94 -8.8 27.9 TgtRetInc n 14.06 -0.12 0.4 15.3 SmCapSusI 44.70 -0.61 9.3 98.3 OCM Gold Adv / OCMAX Precious Metals Eq 8.15 24.6
CrnstModAggr n 24.31 -0.28 -5.6 7.8 RealEstatAdml n 107.88 -5.72 -16.6 1.7 TotIntBdIxInv n 11.55 0.03 2.5 14.6 SmCpCorI 38.48 -1.29 -6.2 55.2 USAA Prec Met&Min Fund / USAGX Precious Metals Eq 7.67 18.7
ExtMktIn n 18.06 -0.56 -9.7 14.2 S&PSC600Idx 238.67 -9.02 -22.0 -3.3 USGro n 49.92 -0.83 16.0 74.7 Vivaldi Merger:
Gr&Inc n 18.74 -0.48 -6.2 14.3 SmCapAdml n 67.45 -2.46 -14.5 8.3 USValue n 14.37 -0.62 -23.1 -7.7 Arbitrage Fund 10.40 0.00 -1.0 7.4
US Glbl World PM / UNWPX Precious Metals Eq 7.65 14.8
Gr&TxStr n 20.90 -0.38 -3.2 19.4 SmGthAdml n 68.32 -1.61 -2.0 34.8 WellsI n 26.77 -0.55 -0.5 18.2 Voya Fds: Fidelity Sel Gold / FSAGX Precious Metals Eq 7.64 20.0
Grwth n 28.25 -0.57 8.4 45.9 STBondAdml n 10.88 0.00 3.9 10.4 Welltn n 40.59 -0.81 -5.2 20.9 GNMA A 8.60 -0.01 3.1 9.4 Amer Cent Gl Gold Inv / BGEIX Precious Metals Eq 7.61 17.7
HiIncm n 7.16 -0.13 -7.2 4.0 STCorpIx n 22.43 0.01 2.9 11.5 Wndsr n 17.42 -0.96 -17.9 2.7 GrOppI 50.00 -1.23 3.9 52.9 WellsFargo Prec Met A / EKWAX Precious Metals Eq 7.44 20.0
Inco n 13.68 -0.02 3.5 14.8 STFedAdml n 10.99 -0.01 3.4 9.2 WndsrII n 31.60 -1.35 -12.5 11.7 InmdBdA p 10.64 0.01 4.3 14.6
IncStk n 14.62 -0.60 -16.7 6.2 STIGradeAdml n 10.93 0.00 3.1 10.7 VANGUARD INDEX FDS: InmdBdI 10.63 0.00 4.4 15.8 Gabelli Gold I / GLDIX Precious Metals Eq 7.39 20.5
Intl n 22.07 -0.17 -14.6 -1.5 STIPSIxAdm n 25.14 0.00 1.8 7.9 500 277.65 -9.55 -6.5 29.8 TRPGrEqI 86.06 -1.96 5.7 51.2 Sprott Gold Equity Inv / SGDLX Precious Metals Eq 7.21 15.5
IntmTerm n 13.57 0.03 0.9 11.4 STsryAdml n 10.89 0.01 3.4 8.6 ExtndIstPl 213.76 -7.54 -9.2 15.6 Franklin Gld&Pr Mt A / FKRCX Precious Metals Eq 6.32 14.1
LgTerm n
Nasdaq100 n
13.40
27.55
0.03
-0.45
0.5
13.1
11.1
73.7
STTresIdx n
TotBdAdml n
20.74
11.62
0.01
0.02
2.9
6.4
8.0
16.2
FTAIWdInPl
Growth
98.67
100.87
-1.07
-2.21
-11.2
7.9
3.0
57.0
WXYZ EuroPac Gold A / EPGFX Precious Metals Eq 6.23 13.7
ntTerBd n 11.00 0.00 3.8 15.7 TotIntBdIdxAdm n 23.09 0.06 2.5 14.6 ITTresIdx Inst 29.57 0.06 7.8 15.3 Wasatch: Midas Fund / MIDSX Precious Metals Eq 5.67 5.7
PrecMM n 19.94 0.93 19.6 53.1 TotIntlAdmIdx nr 26.23 -0.29 -11.5 2.1 LTTresIdx Inst 43.05 0.73 22.2 38.0 CoreGr n 70.20 -1.52 -2.4 42.4 Wasatch Emg India Inv / WAINX India Region 5.63 – 16.3
S&PIdx n 41.52 -1.38 -4.6 32.0 TotStAdml n 73.95 -2.52 -6.3 28.5 MdCpGrAdml n 69.30 -1.73 1.8 38.6 IntlGr n 30.32 -0.47 -2.3 18.0 Catalyst SC Insdr Buy A / CTVAX Small-Cap Growth 5.45 – 12.7
SciTech n 26.93 -0.30 15.0 64.6 TxMBal nr 33.47 -0.60 -1.7 20.7 MdCpVlAdml n 47.81 -2.50 -21.4 -3.8 MicCap n 8.23 -0.11 8.0 82.3
First Eagle Gold I / FEGIX Precious Metals Eq 5.10 20.9
ShtT n 10.49 0.01 0.4 5.4 TxMCapAdml n 155.35 -5.21 -5.9 30.6 MidCp n 43.42 -1.60 -10.0 15.9 SmCapGr n 40.52 -0.74 3.5 66.0
ShtTBdA n 9.22 0.00 1.2 8.2 TxMIn r 12.36 -0.16 -11.8 1.6 RUSS2000IdxInst 211.21 -6.73 -16.7 1.8 UltraGr n 34.59 -0.25 21.7 106.4 Voya Russia A / LETRX Emerging Markets 5.09 – 15.9
SmCpStk n 13.75 -0.41 -16.1 6.4 TxMSC nr 52.50 -2.13 -22.4 -3.6 SmCap 67.43 -2.45 -14.6 7.9 USTry n 22.74 0.51 25.6 42.4 Bail Giff China A Inst / BCANX China Region 5.01 30.3
TarRet2020 n 11.53 -0.08 -0.6 13.1 USGroAdml n 129.36 -2.13 16.1 75.2 SmValAdml n 43.98 -2.22 -24.7 -11.2 WCM: ALPS/Kotak India Gro II / INDSX India Region 4.23 – 17.4
TarRet2030 n 11.75 -0.17 -5.8 9.7 UtilIxAd nr 60.57 -1.84 -14.2 12.7 TotBd 11.62 0.02 6.4 15.9 FocInterGrFdInv 19.32 0.08 2.5 38.5
TarRet2040 n 11.50 -0.21 -8.6 8.1 ValAdml n 37.78 -1.84 -17.9 8.8 TotBd2 11.54 0.03 6.0 15.7 WCM Focus Funds:
Ashmore EMs SC Eqty Inst / ESCIX Emerging Markets 4.10 1.7
TarRet2050 n 11.67 -0.24 -9.1 7.8 WdsrllAdml n 56.05 -2.43 -12.5 12.0 TotIntl n 15.68 -0.18 -11.6 1.9 WCMFocIntlGrwIns 19.41 0.08 2.6 39.4 Wasatch Em Mkts Sel Inst / WIESX Emerging Markets 4.01 3.8
VA Bd n 11.45 0.05 1.1 9.8 WellsIAdml n 64.84 -1.34 -0.5 18.4 TotSt 73.93 -2.51 -6.4 28.0 Weitz Funds: Matthews Itl Chn SC Inv / MCSMX China Region 3.92 52.9
ValueFd n 12.67 -0.56 -21.3 -6.8 WelltnAdml n 70.09 -1.40 -5.1 21.2 VANGUARD INSTL FDS: PIIIOpp 13.92 -0.42 -8.6 16.9 Morg Stan I Inc IS / MFLLX Small-Cap Growth 3.82 44.4
WldGr n 23.50 -0.41 -7.5 17.4 WndsrAdml n 58.74 -3.26 -17.9 3.0 BalInst 38.42 -0.81 -0.8 24.9 ShtDurIncInst 12.31 0.00 1.5 7.5
VANGUARD FDS: DevMktsIndInst 12.38 -0.16 -11.7 1.7 ValueInv n 42.87 -1.36 -6.0 28.0 THE WEEK'S BOTTOM 10
V CAIT n
CALT n
12.19
12.64
0.00
0.00
2.0
2.1
11.0
13.8
DevMktsInxInst 19.35
EmgMktInstPl 83.31
-0.25
-0.40
-11.7
-10.3
1.7
5.2
Wells Fargo Adv Admi:
Growth 42.97 -0.97 9.5 70.6
Fund Investment Objective One Week Year-to-Date
VALIC: CapOp nr 64.42 -1.84 -5.7 27.1 EmMkInst r 25.04 -0.13 -10.3 5.1 Wells Fargo Adv Cl A:
CoreBd 11.76 0.00 5.0 15.0 AstAllA p p 13.84 NA NA NA
Invsc Oppen SP MLP In A / MLPDX Energy MLP Funds – 8.22% – 34.3%
CapValue n 12.40 -0.56 -14.8 5.0 EuroInst 26.53 -0.36 -13.7 -0.9
CoreVal 9.69 -0.43 -17.4 3.2 DivdGro n 27.60 -1.05 -8.9 29.8 ExDurTrsInst 50.58 1.22 30.0 51.1 CA TF A 11.90 0.00 0.7 9.7 Invsc Oppen SP MLP A+ A / MLPLX Energy MLP Funds – 8.02 – 48.7
FrgnVal 7.95 -0.12 -19.0 -18.1 DivrEq n 36.93 -1.04 -2.8 33.4 ExtDurTreIntPl 126.98 3.06 30.1 51.2 CmStkA p p 16.26 -0.55 -17.3 5.9 Emerald S trLib Inc Inst / ESTCX Energy MLP Funds – 7.93 NA
GlobEq 7.60 -0.04 -12.2 -0.9 EmgMktSelStk n 19.84 -0.10 -14.1 3.1 ExtndInst 86.62 -3.05 -9.2 15.6 DivCapBldr 10.01 -0.23 -6.9 20.3 Invsc Oppen SP MLP Sl Y / MLPTX Energy MLP Funds – 7.13 – 35.8
HighYdBd 7.05 -0.09 -4.1 10.3 Energy nr 31.76 -1.35 -32.9 -27.0 FTAlWldIst r 93.18 -1.01 -11.2 2.9 IdxAstAllA 36.36 -0.67 1.1 24.7
HlthSci 22.76 NA NA NA EqInc n 31.46 -1.50 -16.4 9.2 FTScinst 20.80 -0.52 -4.2 38.1 OmegaGwth 59.36 -0.93 8.4 66.3
RBB Schneider Sm Cp Vl / SCMVX Small-Cap Value – 6.73 – 35.2
InflPro 11.55 NA NA NA Explr n 98.48 -2.37 -5.8 33.1 GrwthInst 100.84 -2.24 8.0 57.6 OpptyA 40.49 -1.47 -7.5 24.4 Maingate MLP I / IMLPX Energy MLP Funds – 6.59 – 32.3
IntlEq 6.37 -0.06 -11.7 0.5 EXPValFd n 27.06 -1.17 -26.1 -9.9 InPrSeIn 11.18 0.05 6.1 14.5 PremLgCoGrthA 14.57 -0.29 6.9 61.8 Fidelity Sel Defense / FSDAX Industrials – 6.46 – 26.2
IntlGro 13.12 -0.03 1.9 35.9 FTAlWldInAdml n 29.39 -0.32 -11.2 2.8 InstIdx 268.31 -9.27 -6.4 30.2 SpecTech 16.05 -0.01 22.1 92.9 Goldman MLP En Infr P / GMNPX Energy MLP Funds – 6.27 – 37.5
IntlSmCpEq 18.70 -0.08 -7.4 11.4 GlbCapCyl Inv nr 7.49 -0.09 -9.9 -23.5 InstPlus 268.32 -9.28 -6.4 30.2 SpSmCpValA p p 26.10 -1.06 -25.9 -9.3
LgCpGro 16.69 -0.33 -3.5 50.7 GlbEq n 29.89 -0.52 -6.0 21.8 InstTStIdx 63.26 -2.17 -6.3 28.5 StrMunA 9.16 0.00 0.7 8.3 Brookfield CC Bf MS F Y / CCCNX Energy MLP Funds – 6.25 – 39.8
MidCpIdx 20.25 -0.77 -16.1 2.1 GlobMinVolFdInv n 12.59 -0.19 -13.4 9.7 InstTStPlus 63.26 -2.17 -6.3 28.5 Wells Fargo Adv Inst: DWS RREEF MLP&E Infr S / DMPSX Energy MLP Funds – 6.22 – 35.0
MidCpVal 13.79 -0.66 -22.7 -6.4 GloMinVolFdAdm n 25.19 -0.39 -13.3 9.9 ITBdInst 12.59 0.01 7.9 18.8 CoreBd 13.93 0.01 6.6 16.0
SciTech 31.01 -0.31 15.3 79.7 GNMA n 10.79 -0.01 3.4 10.7 ITBdInstPI 12.59 0.01 7.9 18.8 Growth 47.80 -1.07 9.6 71.7 THE LARGEST 25
SmCpIdx 14.92 -0.43 -17.0 0.6 GroInc n 48.39 -1.70 -6.3 28.6 LaCapInst 288.90 -9.69 -5.1 31.9 MdCpVal 33.32 -1.39 -21.0 -0.1
Assets 3-Year* 1-Week YTD
SocResp 18.33 -0.53 -6.8 28.7 HlthCare nr 206.14 -3.80 1.8 26.4 LTBdInst 16.94 0.13 13.6 32.5 ShDurGovBdI 9.88 0.00 3.2 8.0 Fund (billions) Investment Objective Return Return Return
StckIdx 39.85 -1.17 -6.1 29.6 HYCor nr 5.63 -0.07 -3.2 11.1 LTBdInstPl 16.94 0.13 13.6 32.5 UlStInc 8.55 -0.01 1.1 7.4
StraBd 11.08 -0.04 1.3 11.3 InflaPro n 13.98 0.07 6.1 14.0 MidCpInst 43.51 -1.61 -9.9 16.4 UlStMuInc 9.59 0.00 0.5 4.5 Fidelity Contrafund / FCNTX $96.4 Large-Cap Growth 16.0% 1.01% 9.8%
ValUltra 19.65 NA NA NA IntlExplr n 15.68 -0.18 -12.5 -6.5 MidCpIstPl 214.59 -7.96 -9.9 16.4 Western Asset: American Funds Gro A / AGTHX 95.3 Large-Cap Growth 13.9 0.05 6.8
Value Line Funds: IntlGr n 35.71 0.07 10.5 44.0 RealEstaInstl 16.70 -0.88 -16.6 1.7 CoreBondA 13.53 NA NA NA Vanguard Wellington Adm / VWENX 87.4 Mix Tgt All Gro 7.2 – 0.84 – 3.7
AstAlcClInv n 39.02 -0.44 1.5 36.9 IntlVal n 31.49 -0.58 -16.1 -3.4 Rs1000GrwIdxInst 368.79 -7.90 6.6 61.2 CoreBondI 13.53 NA NA NA American Funds Bal A / ABALX 76.0 Mix Tgt All Gro 7.2 – 0.57 – 1.4
Van Eck Funds: INSTTRF2015 23.01 -0.14 0.1 17.1 Rs1000Vl IdxInst 187.29 -9.47 -18.8 2.3 CoreBondIS 13.55 NA NA NA American Funds EuPc R6 / RERGX 68.9 Intl Large-Cap Growth 4.8 0.97 – 4.1
EmgMktsY 16.88 -0.06 -7.7 9.4 INSTTRF2020 23.72 -0.23 -1.6 17.6 Russ1000IdxInst 267.02 -8.99 -5.7 30.4 CorePlusBdA 12.27 NA NA NA
VANGUARD ADMIRAL: INSTTRF2025 24.06 -0.28 -2.7 18.3 CorePlusBdI 12.28 NA NA NA
American Funds Inc A / AMECX 67.7 Mix Tgt All Mod 3.5 – 1.08 – 8.2
Russ2000GrIxInst 276.25 -6.09 -6.5 20.6
400MCpIdxInst 231.36 -9.78 -16.0 3.1 INSTTRF2030 24.17 -0.34 -3.8 18.3 Russ3000Idx 262.87 -8.81 -6.4 28.3 CorePlusBdIS 12.28 NA NA NA Dodge & Cox Income / DODIX 63.2 Core Bond 5.2 – 0.17 5.0
500Adml n 277.62 -9.62 -6.4 30.1 INSTTRF2035 24.27 -0.38 -4.8 18.3 SmCapInst 67.44 -2.47 -14.5 8.3 IntermedBdI 11.48 NA NA NA PIMCO Income Inst / PIMIX 60.8 Multi-Sector Inc 3.4 0.03 – 1.7
BalAdml n 38.42 -0.81 -0.8 25.0 INSTTRF2040 24.36 -0.43 -5.9 18.2 SmCapIstPl 194.66 -7.14 -14.5 8.3 IntermedBdIS 11.49 NA NA NA Dodge & Cox Stock / DODGX 59.9 Large-Cap Value 3.2 – 2.03 – 15.1
CAITAdml n 12.19 0.00 2.0 11.3 INSTTRF2045 24.38 -0.48 -6.9 17.7 SmGthInst 54.71 -1.29 -2.0 34.9 IntermTermMuniA 6.34 NA NA NA American Funds ICA A / AIVSX 58.4 Large-Cap Core 7.3 – 0.90 – 3.8
CALTAdml n 12.64 0.00 2.2 14.1 INSTTRF2050 24.42 -0.48 -6.9 17.7 SmValInst 24.58 -1.24 -24.7 -11.1 IntermTermMuniI 6.34 NA NA NA American Funds CIB A / CAIBX 58.0 Global Equity Income 2.0 – 1.04 – 7.8
CapOpAdml nr 148.79 -4.25 -5.7 27.4 INSTTRF2055 24.52 -0.47 -6.8 17.7 STBdIdxInstPl 10.88 0.00 3.9 10.4 ManagedMuniA 16.04 NA NA NA American Funds Wash A / AWSHX 56.4 Large-Cap Core 7.5 – 1.68 – 9.2
CoStIxAd nr 71.74 -2.43 -8.6 10.0 INSTTRF2060 24.56 -0.48 -6.8 17.7 STBDInst 10.88 0.00 3.9 10.4 ManagedMuniI 16.06 NA NA NA BlackRock Cash Inst SLA / 55.7 Instl Money Mkt NA NA NA
DivAppIdxAdm n 30.88 -0.93 -8.3 29.2 INSTTRFINC 22.66 -0.20 0.6 15.5 STCorpIxInst p 27.46 0.01 2.9 11.5 MortgBackSecA 10.20 NA NA NA Vanguard PRIMECAP Adm / VPMAX 54.0 Large-Cap Core 9.3 – 0.88 – 6.9
EMAdmr n 32.94 -0.16 -10.3 5.0 ITIGrade n 10.51 -0.01 6.6 17.8 STIGradeInst 10.93 0.00 3.2 10.8 ShortTermBdIS 3.93 0.00 2.0 9.6
EnergyAd nr 24.22 -1.84 -38.9 -38.4 ITTsry n 12.15 0.02 7.9 14.9 STIPSIxins 25.16 0.00 1.9 8.0 TotalRetUnconI 10.19 NA NA NA
PIMCO Tot Rtn Inst / PTTRX 52.5 Core Plus Bond 5.0 0.05 5.9
EnergyAdml nr 59.57 -2.55 -32.9 -26.8 LifeCon n 20.85 -0.24 -0.4 16.9 STTresIdx 26.06 0.01 3.0 8.1 Westwood: American Funds FInv A / ANCFX 50.4 Large-Cap Core 7.7 – 0.63 – 6.0
EqIncAdml n 65.92 -3.17 -16.4 9.4 LifeGro n 33.91 -0.85 -6.2 16.8 TotBdInst 11.62 0.02 6.4 16.3 IncomeOppI 12.31 -0.17 -2.8 14.2 MetWest Total Rtn I / MWTIX 48.0 Core Plus Bond 5.4 0.03 6.4
EuropeAdml n 62.22 -0.85 -13.7 -1.0 LifeInc n 16.48 -0.11 2.1 16.1 TotBdInst2 11.54 0.03 6.1 15.9 Wilmington Funds: American Funds CWGI A / CWGIX 47.1 Global Large-Cap Core 5.3 0.06 – 5.6
ExplrAdml n 91.65 -2.21 -5.7 33.6 LifeMod n 27.86 -0.57 -3.5 16.7 TotBdInstPl 11.62 0.02 6.4 16.3 BroadMktBdInst 10.34 0.01 5.9 14.6 T Rowe Price BC Gro / TRBCX 46.9 Large-Cap Growth 18.3 0.53 11.0
ExtndAdml n 86.63 -3.05 -9.2 15.6 LTIGrade n 11.86 0.05 10.8 30.1 TotIntBdIdxInst 34.65 0.09 2.5 14.8 Intl Inst 7.93 -0.05 -11.2 0.8 Vanguard Wellesley Adm / VWIAX 45.6 Mix Tgt Alloc Con 6.1 – 0.98 0.1
GlobxUSREInx n 28.33 -0.73 -20.7 -3.3 LTTsry n 15.76 0.25 22.3 37.3 TotIntlInstIdx r 104.90 -1.15 -11.5 2.2 LgCpStrInst 22.95 -0.67 -5.8 30.3 DoubleLine Tot Rtn I / DBLTX 43.8 US Mortgage 3.6 0.19 2.4
GNMAAdml n 10.79 -0.01 3.4 11.0 MATxEx n 11.25 0.00 2.6 13.9 TotItlInstPlId r 104.92 -1.15 -11.5 2.3 Wm Blair Funds Cl I: Vanguard Tgt Ret2025 Inv / VTTVX 43.7 Mixed-Asset Target 2025 6.2 – 0.31 – 1.7
GroIncAdml n 78.98 -2.82 -6.2 29.0 MgdPayFdInv n 15.28 -0.19 -8.5 6.2 TotStInst 73.96 -2.53 -6.3 28.5 IntlGthI r 30.39 0.19 0.0 20.5 American Funds NPer A / ANWPX 43.7 Global Large-Cap Growth 10.5 0.23 0.9
GrwthAdml n 100.84 -2.23 8.0 57.6 MidCpGro p 26.95 -0.59 0.9 41.4 TtlWrldIxInst p 149.91 -3.18 -8.5 16.1 SmMidI r 26.46 -0.80 -2.0 39.3
HltClxAd nr 94.02 -2.45 -1.4 31.8 MuHY n 11.56 0.01 0.0 13.8 TxMCaInst r 77.19 -2.60 -5.9 30.7 Wm Blair Funds Inst:
Vanguard Sh-Tm Inv Adm / VFSUX 42.9 Short Inv Grade 3.5 0.05 3.1
HlthCareAdml nr 86.93 -1.60 1.9 26.6 MuInt n 14.60 0.00 2.1 11.2 TxMSCInst r 52.62 -2.14 -22.4 -3.5 IntlGth 17.41 0.11 0.3 21.4 Fidelity Str Adv Cre Inc / FPCIX 40.8 General Bond 5.2 – 0.05 5.6
HYCorAdml nr 5.63 -0.07 -3.1 11.5 MuLong n 11.98 0.01 2.1 14.0 ValueInst 37.78 -1.84 -17.9 8.8 Wm Blair Funds R6:
InfProAd n 27.45 0.13 6.1 14.4 MuLtd n 11.16 0.00 1.6 7.1 Victory Funds: EmgMktGth 14.38 0.37 3.2 23.6 *Annualized 06/22/2017 to 06/25/2020. Through Thursday. Source: Lipper
M32 BARRON’S June 29, 2020

Weekly Closed-End Funds Data provided by

52 Week 52 Week
Stock Market Prem Market TRACKING CLOSED - END FUNDS Stock Market Prem Market
Fund Name (Symbol) Exch NAV Price /Disc Return Fund Name (Symbol) Exch NAV Price /Disc Return
Friday, June 26, 2020 U.S. Mortgage Bond Funds
General Equity Funds Burnt Ground: Rising case counts of Covid-19 and new hot spots were frightening BlckRk Income (BKT) ...................... N 6.32 6.22 – 1.6 6.7
Adams Diversified Equity (ADX) ...... N 16.95 14.53 – 14.3 2.6 First Trust Mtge Inc (FMY) .............. N 14.60 13.67 – 6.4 5.2
Boulder Growth & Income (BIF) ...... N 11.21 9.27 – 17.3 – 14.3 to investors. The Herzfeld Average and Dow fell by a respective 0.5% and 1.3% for Invesco HI 2023 Tgt Term (IHIT) ..... N 7.64 7.85 + 2.7 8.1
Central Secs (CET)-c ........................ A 34.48 28.39 – 17.7 – 2.4 Invesco HI 2024 Tgt Term (IHTA) .... N 7.49 7.67 + 2.4 8.9
CohenStrsCEOppFd (FOF) .............. N 10.87 10.52 – 3.2 – 10.2 the week ended Thursday. Nuveen Mortgage and Inc (JLS) ...... N 20.68 18.96 – 8.3 7.0
Eagle Capital Growth (GRF)-c ........... A NA 6.70 NA – 9.7 Nuveen Multi-Market Inc (JMM)-c ... N 7.48 6.81 – 9.0 5.2
EVTxAdvDivIncm (EVT)-a ................ N NA 18.76 NA – 14.4 51000 Net Asset Value Vertical Capital Income (VCIF) ........ N NA 9.65 NA 3.0
Equus II (EQS) ................................ N NA 1.19 NA – 27.4 55100 Western Asset Mtg Oppty (DMO)-a .. N NA 14.55 NA 13.7
Foxby Corp. (FXBY) ........................ O 2.69 NA NA NA 12 mos
GabelliDiv&IncTr (GDV) ................. N 19.61 17.22 – 12.2 – 14.8 Stock Market Prem Yield
Gabelli Equity Tr (GAB)-h ................. N 4.42 4.91 + 11.1 – 10.0 45600 50700 Fund Name (Symbol) Exch NAV Price /Disc 5/29/20
GeneralAmer (GAM) ....................... N 37.65 31.09 – 17.4 – 6.4
JHancockTaxAdvDiv (HTD) ............ N 19.91 18.29 – 8.1 – 22.8 46300 Investment Grade Bond Funds
Librty AllStr Eq (USA) ..................... N 6.01 5.56 – 7.5 – 3.9 BlRck Core Bond (BHK) .................. N 15.91 15.55 – 2.3 5.2
*Herzfeld
Librty AllStr Gr (ASG)-j ..................... N 6.29 6.07 – 3.5 14.0 40200 41900 BR Credit Alloc Inc (BTZ) ................. N 14.58 13.31 – 8.7 6.9
NuvTaxAdvTRStrat (JTA) ............... N 8.89 7.87 – 11.5 – 24.2 Closed-End BR Enhcd Govt (EGF) ...................... N 13.52 12.96 – 4.1 3.7
Royce Micro-Cap Tr (RMT) ............. N 8.22 6.93 – 15.7 – 8.3
Royce Value Trust (RVT) ................. N 13.69 11.99 – 12.4 – 6.5 Average 37500 Insight Select Income (INSI) ...........
InvescoBond (VBF) .........................
N
N
21.52
20.79
19.73
19.96
–
–
8.3
4.0
4.2
3.9
Source Capital (SOR) ...................... N 39.66 32.54 – 18.0 – 8.5 34800 3Q 4Q 1Q 2Q
J Han Income (JHS) ........................ N 15.62 14.41 – 7.7 4.6
Special Opportunities (SPE) ............ N NA 11.22 NA – 11.1
Sprott Focus Trust (FUND) .............. O 6.68 5.72 – 14.4 – 8.5 % Disc/Prem From Net Asset Value MFS Govt Mkts (MGF) ....................
MFS Intmdt (MIN) ..........................
N
N
4.85
4.03
4.63
3.73
–
–
4.6
7.4
7.4
9.0
Tri-Continental (TY) ........................ N 27.70 24.17 – 12.7 – 2.9 -4 Western Asset Inf-Lk Inc (WIA)-a ..... N NA 11.86 NA 3.6
Specialized Equity Funds 29400 Western Asset Inf-Lk O&I (WIW)-a .. N NA 10.89 NA 4.0
Aberdeen Glb Prem Prop (AWP) ..... N 5.38 4.58 – 14.9 – 20.0 -7 WA Investment Grade Inc (PAI)-a ..... N NA 15.28 NA 4.4
Adams Natural Resources (PEO) .... N 12.53 10.95 – 12.6 – 28.6 WesternAssetPremBd (WEA)-a ....... N NA 13.11 NA 6.0
AllianzGI AI & Tech Opps (AIO) ....... N 21.68 19.25 – 11.2 NS -10 Westn Asst IG Def Opp Tr (IGI)-a ...... N NA 21.30 NA 4.1
GI DivInt&PremStr (NFJ) ................ N 12.62 10.95 – 13.2 – 4.4 24000 Loan Participation Funds
ASA Gold & Prec Met Ltd (ASA) ....... N 20.26 16.77 – 17.2 46.8
BR Enh C&I (CII) ............................. N 16.01 14.16 – 11.6 – 4.2 -13 Apollo Senior Floating (AFT) ...........
BR Debt Strategy (DSU) ..................
N
N
NA
10.93
12.30
9.37 –
NA
14.3
9.3
8.7
BlackRock Energy & Res (BGR) ...... N 8.10 6.91 – 14.7 – 36.7 Dow Industrials BR F/R Inc Str (FRA) ....................... N 13.08 11.02 – 15.7 8.1
BlackRock Eq Enh Div (BDJ) ........... N 8.12 7.10 – 12.6 – 12.4 18600 -16 BlackRock Floatng Rt Inc (BGT) ...... N 12.70 10.86 – 14.5 7.9
BlackRock Enh Glbl Div (BOE) ......... N 10.64 9.20 – 13.5 – 7.5 3Q 19 4Q 19 1Q 20 2Q 20 3Q 19 4Q 19 1Q 20 2Q 20 Blackstone / GSO Strat (BGB)-a ........ N 13.11 11.32 – 13.7 11.7
BlackRock Enh Intl Div (BGY) .......... N 5.89 5.12 – 13.1 – 1.6 Blackstone/GSO LS Cr Inc (BGX)-a ... N 13.65 12.03 – 11.9 12.4
BlackRock Hlth Sci Tr II (BMEZ) ...... N 23.40 20.81 – 11.1 NS The Herzfeld Closed-End Average measures 15 equally-weighted closed-end funds based in the U.S. that invest principally in Blackstone/GSO Sr Flt Rt (BSL)-a ..... N 14.51 12.81 – 11.7 10.1
BlackRock Hlth Sciences (BME) ...... N 40.62 40.50 – 0.3 10.7 BNY Mellon Alct GCI 2024 (DCF) ..... N 8.14 7.81 – 4.1 8.6
BlackRock Res & Comm (BCX) ....... N 7.25 5.94 – 18.1 – 20.6 American equities. The net assest value is a weighted average of the funds' NAVs. Source: Thomas J. Herzfeld Advisors Inc., Miami.
Eagle Point Credit (ECC) .................. N NA 6.65 NA 29.4
BlackRock Sci&Tech Tr II (BSTZ) .... N 25.71 22.42 – 12.8 14.0 305-271-1900/www.herzfeld.com Eagle Point Income (EIC) ................ N NA 13.50 NA NS
BlackRock Sci&Tech Trust (BST) .... N 38.19 37.57 – 1.6 29.8 Eaton Vance F-R 2022 TT (EFL) ....... N 8.65 8.23 – 4.9 6.6
BlackRock Utl Inf & Pwr (BUI) ......... N 19.82 20.76 + 4.7 0.7 52 Week 52 Week EtnVncFltRteInc (EFT)-a .................. N 13.31 11.29 – 15.2 8.9
CBRE ClrnGlbRlEst (IGR) ................ A 6.95 5.87 – 15.5 – 14.4 EtnVncFltRteIncPlus (EFF)-a ............ N 15.28 13.72 – 10.2 7.0
CLEARBRIDGE ENGY MDS OPP (EMO) N NA 2.30 NA – 72.1 Stock Market Prem Market Stock Market Prem Market
Fund Name (Symbol) Exch NAV Price /Disc Return Fund Name (Symbol) Exch NAV Price /Disc Return EV SenFlRtTr (EFR)-a ....................... N 13.09 11.17 – 14.7 8.8
CLEARBRIDGE MLP&MDSTM TR (CTR) N NA 2.63 NA – 68.7 EVSnrIncm (EVF) ........................... N 6.23 5.31 – 14.8 7.9
ClearBridge MLP & Midstm (CEM) .. N NA 3.08 NA – 71.2 NuveenDiversDiv&Inc (JDD) .......... N 8.92 7.51 – 15.8 – 22.5 CalmosConvOp (CHI) ..................... N 11.35 10.38 – 8.5 8.7 First Eagle Senior Loan (TSLF) ........ N 14.63 12.05 – 17.6 9.8
Cntr Cst Brkfld MLP&EI (CEN) ......... N 1.19 0.97 – 18.5 – 84.1 Nuveen Nasdaq 100 Dyn Ov (QQQX) N 23.02 22.72 – 1.3 9.1 Ellsworth G&I Fund Ltd (ECF) .......... A 11.93 11.41 – 4.4 20.0
ChnStrInfr (UTF) ............................. N 22.05 22.00 – 0.2 – 8.3 FT/Sr Fltg Rte Inc 2 (FCT) ................ N 12.37 10.77 – 12.9 8.4
Nuv Real Est (JRS) .......................... A 8.43 7.29 – 13.5 – 24.3 Gabelli Conv Sec (GCV) ................... N 5.30 5.12 – 3.4 9.8 FT/Sr Fltg Rte 2022 TgTr (FIV) ......... N 8.87 8.24 – 7.1 3.9
COHEN & STEERS MLP INC&E (MIE) N 2.55 2.15 – 15.7 – 74.2 Nuveen Rl Asst Inc & Gro (JRI) ........ N 13.57 11.60 – 14.5 – 25.3 HiIncBd (PCF) ................................. N 8.20 7.54 – 8.0 – 0.9
Cohen&SteersQualInc (RQI) ........... N 11.49 10.35 – 9.9 – 18.0 Highland Income (HFRO)-a .............. N 12.57 8.08 – 35.7 11.1
NuvS&P500DynOvFd (SPXX) ......... N NA 12.45 NA – 15.0 World Equity Funds InvDYCrOpp (VTA) ......................... N 10.63 8.74 – 17.8 9.8
Cohen&Steers TotRet (RFI) ............ N 11.92 11.95 + 0.3 – 8.7 NuvSP500BuyIncFd (BXMX) .......... N 12.03 10.75 – 10.6 – 12.6 AbrdnAusEq (IAF) ........................... A 4.97 4.37 – 12.1 – 9.8
CohenStrsREITPrefInc (RNP) ......... N 20.80 18.65 – 10.3 – 7.4 InvSnrIncTr (VVR) .......................... N 4.11 3.43 – 16.5 8.2
PIMGlbStkPI (PGP) ........................ N NA 8.04 NA – 26.8 Aberdeen Emg Mkts Eq Inc (AEF) .... A 7.06 6.05 – 14.3 – 14.6 Nuveen Credit Strat Inc (JQC) ......... N 6.82 5.83 – 14.5 19.7
Columbia Sel Prm Tech Gr (STK) ..... N 20.22 22.16 + 9.6 18.0 ReavesUtilityIncome (UTG) ............ A 28.67 29.74 + 3.7 – 11.7 Aberdeen Glbl Dyn Div (AGD) .......... N 9.98 8.74 – 12.4 – 1.2
CushingMLPTotRet (SRV)-d ............ N 23.43 17.66 – 24.6 – 50.9 NuvFloatRateIncFd (JFR) ................ N 9.23 7.84 – 15.1 9.3
RMRRealEstInc (RIF) ..................... A 16.14 11.41 – 29.3 – 32.4 Aberdeen Japan Equity (JEQ) .......... N 9.11 7.56 – 17.0 11.5 NuvFloatRteIncOppty (JRO) ........... N 9.16 7.76 – 15.3 9.2
Cushing Renaissance (SZC) ............ N 39.98 30.51 – 23.7 – 37.1 Salient Midstream & MLP (SMM) ... N 5.31 3.98 – 25.0 – 49.5 Aberdeen Tot Dyn Div (AOD) ........... N 8.68 7.53 – 13.2 – 1.4
DNP Select Income (DNP) .............. N 8.35 10.98 + 31.5 – 0.1 Nuveen Senior Income (NSL) .......... N 5.44 4.65 – 14.5 9.5
Tortoise Energy Ind (NDP) .............. N 14.92 11.41 – 23.5 – 78.5 Calamos GloDynInc (CHW) ............. N 7.43 7.09 – 4.6 – 1.9 Nuveen Sht Dur Crdt Opp (JSD) ...... N 13.73 11.73 – 14.6 9.6
Duff&Ph Uti&Infra Inc Fd (DPG) ...... N 11.50 10.39 – 9.7 – 24.2 Tortoise Enrgy Infra Crp (TYG) ........ N 21.80 15.75 – 27.8 – 80.8 Cdn Genl Inv (CGI)-y ........................ T 36.62 24.96 – 31.8 2.0
Duff&Ph Sel MLP&MS Engy (DSE) . N 0.56 0.52 – 8.0 – 88.0 PionrFltRate Tr (PHD) ..................... N 10.48 9.44 – 9.9 7.6
Tortoise Ess Asst Inc Tm (TEAF)-a .... N 14.60 10.93 – 25.1 – 32.3 Central and Eastern Euro (CEE) ....... N 25.30 21.16 – 16.4 – 18.1 WA Corporate Loan (TLI)-a .............. N NA 8.46 NA 8.9
EtnVncEqtyInc (EOI)-a ..................... N NA 13.96 NA 0.4 Tortoise Midstream Enrgy (NTG) .... N 22.55 17.30 – 23.3 – 85.8 China (CHN) ................................... N 26.39 22.15 – 16.1 16.6
EtnVncEqtyIncoII (EOS)-a ................ N NA 17.33 NA 9.7 High Yield Bond Funds
Tortoise Pipelne & Enrgy (TTP) ....... N 18.04 13.87 – 23.1 – 73.8 Delaware Enh Gl Div & In (DEX) ....... N 9.35 7.99 – 14.5 – 9.8 Aberdeen Inc Credit Str (ACP) ......... N 9.81 8.92 – 9.1 17.5
EVRskMnDvsEqInc (ETJ)-a ............. N NA 9.47 NA 11.4 Tortoise Pwr & Engy Infr (TPZ)-a ...... N 11.87 9.03 – 23.9 – 44.9
ETnVncTxMgdBuyWrtInc (ETB)-a .... N NA 13.81 NA – 3.0 EV TxAdvGlbDivInc (ETG)-a ............. N NA 13.96 NA – 5.6 AllianceBernGlHiIncm (AWF) .......... N 11.76 10.13 – 13.9 7.6
Wells Fargo Ut & Hi Inc (ERH) ......... A NA 12.59 NA 4.7 EtnVncTxAdvOpp (ETO)-a ................ N NA 20.29 NA – 8.0 Angel Oak FS Inc Trm (FINS) ........... N NA 16.82 NA 7.5
EtnVncTxMgdBuyWrtOpp (ETV)-a ... N NA 13.92 NA 2.4
EvTxMnDvsEqInc (ETY)-a ................ N NA 10.51 NA – 3.9
Income & Preferred Stock Funds Economic Inv Tr (N/A)-cy ................. T 145.08 97.50 – 32.8 – 5.3 Barings Glb SD HY Bd (BGH) ........... N 14.15 12.32 – 12.9 14.1
EtnVncTxMgdGlbB (ETW)-a ............ N NA 8.43 NA – 5.1 CalamosStratTot (CSQ) .................. N 12.31 12.13 – 1.5 3.5 European Equity Fund Inc (EEA) ...... N 9.84 8.31 – 15.5 – 2.0 BR Corporate HY (HYT) .................. N 10.84 10.11 – 6.7 9.0
EVTxMnGblDvEqInc (EXG)-a ........... N NA 7.11 NA – 5.5 CohenStrsLtdDurPref&Inc (LDP) ... N NA 21.97 NA – 4.6 FirstTrAbEmergOp (FEO)-a .............. N 13.59 11.66 – 14.2 – 6.8 BlackRock Ltd Dur Inc (BLW) .......... N 15.75 13.75 – 12.7 7.8
First Trust Energy Inc G (FEN) ......... A 12.51 10.38 – 17.0 – 44.0 CohenStrsSelPref&Income (PSF) ... N NA 24.25 NA – 6.6 FirstTr Dyn Euro Eq Inc (FDEU) ....... N 11.68 10.24 – 12.3 – 19.0 BNY Mellon Hi Yield Str (DHF) ......... N 2.97 2.56 – 13.8 9.9
First Tr Enhanced Eq (FFA)-a ............ N 14.94 14.01 – 6.2 – 4.9 Del Div & Inc (DDF) ......................... N 8.40 8.18 – 2.6 – 35.6 Gabelli Gl Sm&Mid Cp Val (GGZ) ..... N 10.72 8.63 – 19.5 – 20.6 Brookfield Real Asst Inc (RA) .......... N 18.73 16.43 – 12.3 14.4
First Tr Specialty Fn (FGB) ............... N 2.72 3.25 + 19.5 – 40.7 Dividend and Income (DNI) ............. N 12.82 9.93 – 22.5 – 5.6 Gabelli Multimedia (GGT)-h ............. N 5.92 6.55 + 10.6 – 6.4 CrSuisHighYld (DHY) ..................... A 2.27 1.98 – 13.0 10.8
FirstTrEnergyInfra (FIF) .................. N 11.43 9.82 – 14.1 – 32.7 Eagle Gr and Inc Opps (EGIF) .......... N 13.93 13.48 – 3.2 – 7.1 GDL Fund (GDL) ............................. N 10.44 8.22 – 21.3 – 6.7 CSAM Income Fd (CIK) ................... A 3.09 2.69 – 12.9 10.1
FirstTrMLPEner&Inc (FEI) .............. N 6.62 5.42 – 18.1 – 48.6 FirstTrIntDurPref&Inc (FPF) ........... N 21.46 20.74 – 3.4 – 1.9 Herzfeld Caribb (CUBA) .................. O NA 3.68 NA – 34.3 DoubleLine Inc Sol (DSL) ................ N NA 15.19 NA 12.8
Gab Gl Util & Inc (GLU)-h ................. A 15.55 15.75 + 1.3 – 10.1 Gabelli Go Anywhere Tr (GGO) ........ N 10.35 9.66 – 6.7 NA Highland Global Alloc (HGLB)-a ....... N 9.86 6.25 – 36.6 – 35.7 DoubleLine Yld Opps (DLY) ............ N 18.48 NA NA NS
Gabelli Healthcare (GRX)-h .............. N 11.48 10.02 – 12.7 0.6 JHanPrefInc (HPI) .......................... N 17.47 19.22 + 10.0 – 10.5 India Fund (IFN) .............................. N 17.77 15.32 – 13.8 – 18.0 EVHiInc2021 (EHT) ........................ N 9.74 9.51 – 2.4 4.4
Gab Utility (GUT)-h .......................... N 3.77 7.24 + 92.0 18.2 JHPrefIncII (HPF) ........................... N 17.21 17.51 + 1.7 – 17.8 J Han Hdgd Ety & Inc (HEQ) ............ N 11.69 10.67 – 8.7 – 15.0 First Tr Hi Inc Lng/Shrt (FSD) .......... N 15.23 13.24 – 13.1 9.4
GAMCOGlGold&NatRes (GGN) ....... A 3.86 3.36 – 13.0 – 14.0 HnckJPfdInco III (HPS) .................. N 15.37 15.54 + 1.1 – 13.1 JHancockTaxAdv Gl Sh Yld (HTY) ... N 5.84 5.15 – 11.8 – 16.4 Franklin Univ (FT) ........................... N 7.66 6.60 – 13.8 5.6
GAMCO NR GLD & INC TR (GNT) .... N 5.48 4.69 – 14.4 – 9.5 J Han Prm (PDT) ............................. N 12.01 12.73 + 6.0 – 18.4 Japan Smaller Cap (JOF) ................. N NA 7.85 NA 0.1 InvHighIncTrII (VLT) ...................... N 13.53 11.75 – 13.2 9.9
J Han Finl Opptys (BTO) .................. N 19.74 21.43 + 8.6 – 27.8 LMP CapInco (SCD)-a ...................... N NA 9.74 NA – 18.7 Korea (KF) ...................................... N 30.97 26.12 – 15.7 – 9.2 IVY HIGH INCOME OPP (IVH) ......... N 12.93 11.32 – 12.5 10.9
Macquarie/FirstTr Gl (MFD) ............ N 9.16 7.79 – 15.0 – 17.3 Nuveen Pref & I 2022 Trm (JPT) ...... N 21.88 22.05 + 0.8 – 4.2 LazardGlbTotRetInc (LGI) ............... N 16.02 13.82 – 13.7 – 7.4 MFS IntmdHgInc (CIF) .................... N 2.33 2.13 – 8.6 10.9
Madison CovCall & Eq Str (MCN) .... N 6.32 5.45 – 13.8 – 6.5 Nuveen Pref & Inc Opp (JPC) .......... N 8.42 8.07 – 4.2 – 12.1 MexicoEqandIncmFd (MXE) ........... N 8.70 7.65 – 12.1 – 30.3 NeubHgYldStrt (NHS) ..................... N 11.15 10.30 – 7.6 10.1
Neuberger Brmn MLP & EI (NML) ... N 3.60 2.87 – 20.3 – 57.8 Nuveen Fd (JPS) ............................. N 8.70 8.23 – 5.4 – 6.9 Mexico (MXF) ................................. N NA 9.82 NA – 22.9 New Amer Hi Inc (HYB) ................... N 9.05 7.79 – 13.9 7.5
NubrgrRlEstSec (NRO) ................... A 3.86 3.54 – 8.3 – 23.6 Nuveen Pref & Inc Term (JPI) .......... N 21.48 21.96 + 2.2 – 0.5 Miller/Howard High Inc E (HIE)-a ...... N 7.01 5.92 – 15.5 – 39.0 NexPointStratOppty (NHF)-a ............ N 17.54 10.58 – 39.7 21.1
Nuv Dow 30 Dyn Overwrite (DIAX) .. N 14.50 13.27 – 8.5 – 18.6 Nuveen TxAdvDivGr (JTD) .............. N 13.85 12.50 – 9.7 – 18.0 MS ChinaShrFd (CAF)-J ................... N 23.55 19.33 – 17.9 – 7.7 Nuveen Crdt Opps 2022 TT (JCO) .... N 7.87 8.47 + 7.6 7.0
NuvCorEqAlpha (JCE) ..................... N 12.91 11.86 – 8.1 – 8.7 TCW Strat Income (TSI) .................. N NA 5.53 NA 1.6 MS India (IIF) .................................. N 18.50 16.07 – 13.1 – 23.2 Nuveen Global High Inc (JGH) ......... N 15.22 12.93 – 15.0 9.3
Convertible Sec's. Funds New Germany (GF) ......................... N 17.63 14.94 – 15.3 9.2 Nuveen Hi Inc 2020 Trgt (JHY) ........ N 9.47 9.30 – 1.8 3.0
a-NAV and market price are ex dividend. b-NAV is fully diluted. c- AdvntCnvrtbl&IncFd (AVK) ............. N 14.65 12.79 – 12.7 – 5.9 New Ireland (IRL) ........................... N 10.04 7.70 – 23.3 – 13.0 Nuveen Hi Inc 2023 Trgt (JHAA) ...... N 9.31 9.36 + 0.5 6.5
NAV is as of Thursday’s close. d-NAV is as of Wednesday’s close. AllianzGI Con & Inc 2024 (CBH) ...... N 9.08 8.63 – 5.0 – 0.7 RENN Fund (RCG) .......................... A NA 1.25 NA – 19.7 Nuveen HI Nov 2021 Tgt (JHB) ........ N 9.29 8.89 – 4.3 5.3
e-NAV assumes rights offering is fully subscribed. f-Rights offering GI Conv & Inc (NCV) ....................... N 4.66 4.29 – 7.9 – 14.6 Royce Global Value Trust (RGT) ...... N 12.41 11.29 – 9.0 7.5 PGIM Global High Yield (GHY) ........ N NA 12.64 NA 9.8
AGI Conv & Inc II (NCZ) ................... N 4.18 3.81 – 8.9 – 15.5 Swiss Helvetia (SWZ) ..................... N 9.23 7.79 – 15.7 4.3 PGIM High Yield Bond (ISD) ........... N NA 13.20 NA 9.3
in process. g-Rights offering announced. h-Lipper data has been ad- AGI Dvs Inc & Conv (ACV) ............... N 24.75 22.63 – 8.6 5.7 Templeton Dragon (TDF) ................ N 23.99 20.26 – 15.5 17.9 PioneerHilncmTr (PHT) .................. N 8.41 7.37 – 12.4 10.1
justed for rights offering. j-Rights offering has expired, but Lipper AGI Eqty & Conv Inc (NIE) ............... N 24.59 21.92 – 10.9 8.5 Templeton Em Mkt (EMF) ............... N 15.52 13.72 – 11.6 – 2.1 Wells Fargo Income Oppty (EAD) .... A 8.12 7.04 – 13.3 9.96
data not yet adjusted. l-NAV as of previous day. o-Tender offer in Bancroft Fund Ltd (BCV) ................. A 26.44 23.80 – 10.0 14.8 United Corps Ltd (UNC)-cy ............... T 152.01 91.95 – 39.5 – 2.4 WstAstHIF II (HIX)-a ........................ N NA 6.18 NA 9.8
process. Source: Lipper CalamosConvHi (CHY) ................... N 11.97 11.09 – 7.4 10.6 Wells Fargo Gl Div Oppty (EOD) ....... N NA 4.16 NA – 14.1 Western Asset Hi Inc Opp (HIO)-a .... N NA 4.60 NA 7.9

THREE YEAR TED SPREAD Market Sentiment LAST +0.51

Citigroup Panic/Euphoria Model
TED Spread = 3-mth LIBOR – 3-mth T-bill rate
1.5
1.4 Euphoria
0.6
1.3
1.2
0.3
1.1
1.0
0.9 0
0.8
0.7 -0.3
Friday's Close 0.15
0.6 Panic
0.5 -0.6
0.4
0.3 -0.9
0.2 M J J A S O N D J F M A M J
0.1 The panic/euphoria model is a gauge of investor sentiment. It identifies "Panic" and "Euphoria" levels which are statistically driven buy and
Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 sell signals for the broader market. Historically, a reading below panic supports a better than 95% likelihood that stock prices will be
17 18 19 20 higher one year later, while euphoria levels generate a better than 80% probability of stock prices being lower one year later.
Source: Citigroup Investment Research - US Equity Strategy
June 29, 2020 BARRON’S M33

Weekly Closed-End Funds Data provided by

12 mos 12 mos 12 mos 52 Week

Stock Market Prem Yield Stock Market Prem Yield Stock Market Prem Yield Stock Market Prem Market
Fund Name (Symbol) Exch NAV Price /Disc 5/29/20 Fund Name (Symbol) Exch NAV Price /Disc 5/29/20 Fund Name (Symbol) Exch NAV Price /Disc 5/29/20 Fund Name (Symbol) Exch NAV Price /Disc Return
Western Asset Hi Yld D O (HYI)-a ..... N NA 13.80 NA 7.8 InvAdvMuIncTrII (VKI) ................... A 11.74 10.47 – 10.8 5.1 Nuveen NY Val (NNY) ...................... N 10.02 9.53 – 4.9 3.6 1WS Credit Income (N/A) ................ z NA NA NA 6.8
Other Domestic Taxable Bond Funds Invesco MuniOp (OIA) .................... N 7.28 7.15 – 1.8 5.4 Nuveen NY Muni Value 2 (NYV) ....... N 15.79 13.48 – 14.6 NA AlphCntrc Prime Merid In (N/A) ....... z 9.88 NA NA NS
Apollo Tactical Income (AIF) ........... N NA 12.27 NA 9.6 InvescoMuOppTr (VMO) ................ N 13.15 11.79 – 10.3 5.0 Nuveen NY Qual Muni Inc (NAN) ..... N 15.16 13.36 – 11.9 4.3 Angel Oak Str Crdt:Inst (N/A) .......... z 21.07 NA NA 8.2
Ares Dynamic Crdt Alloc (ARDC)-a ... N NA 12.02 NA 10.7 InvescoMuTr (VKQ) ........................ N 13.13 11.80 – 10.1 5.1 Nuveen NY Sel Tx-Free (NXN) ......... N 14.18 12.78 – 9.9 3.6 Axonic Alternative Inc (N/A) ............ z NA NA NA 5.4
Barings Corporate Inv (MCI) ........... N NA 13.69 NA 8.4 InvescoQual Inc (IQI) ...................... N 13.35 11.95 – 10.5 4.9 Nuveen OH Qual Muni Inc (NUO) ..... N 17.48 14.98 – 14.3 3.4 Blackstone/GSO FR EI D (N/A) ......... z 21.96 NA NA 6.9
Barings Part Inv (MPV) ................... N NA 12.88 NA 8.1 InvTrInvGrMu (VGM) ..................... N 13.56 12.09 – 10.8 5.0 Nuveen PA Muni Value (NPN) ......... N 15.18 13.63 – 10.2 3.2 Blackstone/GSO FR EI I (N/A) .......... z 21.93 NA NA 7.2
BlackRock Mlt-Sctr Inc (BIT) .......... N 15.88 14.05 – 11.5 10.3 InvescoValMunInc (IIM) ................. N 16.18 14.36 – 11.2 4.8 Nuveen PA Qual Muni Inc (NQP) ..... N 15.75 13.48 – 14.4 4.4 Blackstone/GSO FR EI T (N/A) ......... z 21.89 NA NA 6.6
BlackRock Tax Muni Bd (BBN) ........ N 24.46 24.65 + 0.8 5.6 MAINSTAY:MK DEFTR MUN OP (MMD) N NA 20.11 NA 4.8 Nuveen VA Qlty Mun Inc (NPV) ....... N 14.81 14.15 – 4.5 3.9 Blackstone/GSO FR EI T-I (N/A) ....... z 22.36 NA NA 6.6
DoubleLine:Oppor Crdt Fd (DBL) .... N 19.13 19.04 – 0.5 7.5 MFS HgIncMuniTr (CXE) ................ N 5.03 4.59 – 8.7 5.3 PIMCO CA (PCQ) ............................ N 13.78 16.26 + 18.0 5.3 Blackstone/GSO FR EI U (N/A) ......... z 22.85 NA NA NS
Duff&Ph Util Cor (DUC) .................. N 9.69 9.27 – 4.3 5.3 MFS HgYldMuniTr (CMU) ............... N 4.53 4.08 – 9.9 5.2 PIMCOCAMuniII (PCK) ................... N 8.72 8.84 + 1.4 4.7 Blstn Commnty Dev (N/A) ............... z 10.01 NA NA 3.5
EVLmtDurIncm (EVV) ..................... A 12.94 11.09 – 14.3 9.5 NeubrgrBrm (NBH) ......................... A 14.72 14.03 – 4.7 5.3 Pimco CA Muni III (PZC) ................. N 9.92 10.20 + 2.8 4.8 BNYM Alcntr Glb MS Cr Fd (N/A) ..... z 90.04 NA NA NS
Franklin Ltd Dur Income (FTF) ......... A 9.12 8.55 – 6.3 12.0 Nuveen AMT-Fr Mu Val (NUW) ........ N 16.64 15.22 – 8.5 3.5 PIMCO NY (PNF) ............................ N 11.66 11.47 – 1.6 5.1 CLIFFWATER CL FD;I (N/A) ............. z 10.20 NA NA NS
J Han Investors (JHI) ...................... N 16.38 14.86 – 9.3 8.3 Nuveen AMT-Fr Qlty Mun I (NEA) .... A 15.39 13.85 – 10.0 4.6 PIMCONYMuniII (PNI) ................... N 11.09 10.42 – 6.0 4.6 CNR Strategic Credit (N/A)-a ............ z 8.96 NA NA 9.5
KKR Income Opportunities (KIO) .... N 13.78 12.22 – 11.3 12.9 Nuveen AMT-Fr Mu CI (NVG) .......... A 16.66 15.07 – 9.5 5.2 Pimco NY Muni III (PYN) ................. N 8.85 9.43 + 6.6 4.4 FedProj&TrFinanceTendr (N/A) ...... z 9.90 NA NA 3.8
MFS Charter (MCR) ........................ N 8.61 8.08 – 6.2 8.5 Nuveen Enh Muni Val (NEV) ............ N 15.08 14.49 – 3.9 4.9 General Equity Funds FS Global Crdt Opptys D (N/A) ......... z NA NA NA 8.0
Nuveen Taxable Muni Inc (NBB) ...... N 21.89 21.30 – 2.7 5.5 Nuveen Int Dur Mun Term (NID) ...... N 13.94 13.17 – 5.5 3.8 FNEX Ventures (N/A) ...................... z 10.00 NA NA N Garrison Capital Inc (GARS) ............ z NA 3.24 NA NA
PCM Fund (PCM) ............................ N 8.43 9.19 + 9.0 10.2 Nuveen Int Dur Qlty Mun (NIQ) ........ N 14.54 14.03 – 3.5 2.7 Schrdrs Opp Inc;A (N/A) ................. z 24.20 NA NA NS
Continuously Offered Schrdrs Opp Inc;A2 (N/A) ............... z NA NA NA NS
PIMCO Corp & Inc Oppty (PTY) ....... N 12.04 15.15 + 25.8 10.6 Nuveen Mu Crdt Opps (NMCO) ....... N 12.83 11.81 – 8.0 NS 52 Week
PIMCO Corp & Inc Strat (PCN) ........ N NA 15.79 NA 8.8 NuvMuni2021TgtTerm (NHA) ......... N 9.96 9.88 – 0.8 1.7 Schrdrs Opp Inc;I (N/A) .................. z 24.24 NA NA NS
Stock Market Prem Market Schrdrs Opp Inc;SDR (N/A) ............ z 24.26 NA NA NS
PIMCOHilnco (PHK) ....................... N 4.89 5.23 + 7.0 13.6 Nuv Muni Credit Income (NZF) ........ A 15.96 14.77 – 7.5 5.4 Fund Name (Symbol) Exch NAV Price /Disc Return
PIMCO IncmStrFd (PFL) ................. N NA 9.60 NA 11.2 NuvMuniHiIncOpp (NMZ) ............... A 13.21 13.29 + 0.6 5.6 Invesco Sr Loan A (N/A) .................. z 5.82 NA NA 5.4
PIMCO IncmStrFd II (PFN) .............. N NA 8.71 NA 11.1 Nuveen Muni Inc (NMI) ................... N 11.02 10.55 – 4.3 4.0 Specialized Equity Funds Invesco Sr Loan C (N/A) .................. z 5.84 NA NA 4.5
Putnam Mas Int (PIM)-a ................... N 4.34 4.14 – 4.6 8.2 Nuveen Muni Val (NUV) .................. N 10.46 10.09 – 3.5 3.7 Bluerock Total Inc+ RE:A (N/A) ........ z 29.52 NA NA 3.7 Invesco Sr Loan IB (N/A) ................. z 5.82 NA NA 5.7
Putnam Prem Inc (PPT)-a ................ N 4.80 4.74 – 1.3 8.7 Nuveen Quality Muni Inc (NAD) ....... N 15.67 13.95 – 11.0 4.6 Bluerock Total Inc+ RE:C (N/A) ........ z 28.19 NA NA 2.9 Invesco Sr Loan IC (N/A) ................. z 5.82 NA NA 5.5
Wells Fargo Multi-Sector (ERC) ...... A 11.88 10.90 – 8.2 11.3 Nuveen Sel Mat (NIM) ..................... N 10.72 10.04 – 6.3 3.2 Bluerock Total Inc+ RE:I (N/A) ......... z 30.04 NA NA 3.9 Invesco Sr Loan Y (N/A) .................. z 5.83 NA NA 5.7
Nuveen Sel TF (NXP) ....................... N 16.03 15.58 – 2.8 3.5 Bluerock Total Inc+ RE:L (N/A) ........ z 29.29 NA NA 3.4 Pioneer Sec Inc (N/A) ...................... z 8.53 NA NA NS
World Income Funds
Abrdn AP IncFd (FAX) ..................... N 4.56 3.71 – 18.6 6.9 Nuveen Sel TF 2 (NXQ) .................... N 15.32 14.91 – 2.7 3.4 Broadstone Rl Est Acc:I (N/A) .......... z NA NA NA NA 12 mos
Aberdeen Global Income (FCO) ....... N 6.53 5.98 – 8.4 10.2 Nuveen Sel TF 3 (NXR) .................... N 16.53 16.13 – 2.4 3.3 Broadstone Rl Est Acc:W (N/A) ....... z NA NA NA NA Stock Market Prem Yield
BlackRock 2022 Gl Inc Op (BGIO) ... N 8.57 8.34 – 2.7 7.4 PIMCO MuniInc (PMF) .................... N 12.72 13.57 + 6.7 5.2 CC Real Estate Income;A (N/A) ........ z 7.15 NA NA – 5.3 Fund Name (Symbol) Exch NAV Price /Disc 5/29/20
BrndywnGLB Glb Inc Oppts (BWG)-a N NA 11.41 NA 6.7 PIMCOMuniIncII (PML) .................. N 11.91 13.44 + 12.8 5.8 CC Real Estate Income;Ad (N/A) ...... z 6.58 NA NA – 16.9
EtnVncStDivInc (EVG)-a .................. N NA 11.30 NA 8.0 Pimco Muni III (PMX) ..................... N 10.86 11.40 + 5.0 5.2 CC Real Estate Income;C (N/A) ........ z 6.70 NA NA – 16.2 High Yield Bond Funds
First Tr/Ab Glbl Inc (FAM) ................ N 10.97 9.78 – 10.8 9.3 PioneerHilncAdv (MAV) .................. N 12.06 10.55 – 12.5 4.2 CC Real Estate Income;I (N/A) ......... z 7.15 NA NA – 9.1 Griffin Inst Access Cd:A (N/A) ......... z NA NA NA 7.3
MS EmMktDomDebt (EDD) ............ N 6.89 5.68 – 17.6 9.5 PioneerMunHiIcmT (MHI) .............. N 12.91 11.26 – 12.8 4.9 CC Real Estate Income;T (N/A) ........ z 6.91 NA NA – 10.4 Griffin Inst Access Cd:C (N/A) ......... z NA NA NA 7.3
Ms EmMktDebtFd (MSD) ................ N 9.98 8.46 – 15.2 6.0 Putnam Mgd Inc (PMM)-a ............... N 7.80 7.30 – 6.4 5.2 CIM RA&C A (N/A) .......................... z 25.04 NA NA NS Griffin Inst Access Cd:F (N/A) .......... z NA NA NA 7.3
Nuveen EM Dbt 2022 Tg Tr (JEMD) . N 7.54 7.22 – 4.2 6.6 Putnam Muni Opp (PMO)-a .............. N 13.37 12.78 – 4.4 5.0 CIM RA&C C (N/A) .......................... z 25.01 NA NA NS Griffin Inst Access Cd:I (N/A) .......... z NA NA NA 7.2
PIMCO Dyn Crd & Mrt Inc (PCI) ....... N NA 18.24 NA 13.7 RiverNorth Flex Muni Inc (RFM) ...... N 21.47 NA NA NS CIM RA&C I (N/A) ........................... z 25.05 NA NA NS Griffin Inst Access Cd:L (N/A) .......... z NA NA NA 7.3
PIMCO Dynamic Income (PDI) ........ N NA 24.35 NA 12.6 RiverNorth Mgd Dur Mun I (RMM) .. N 18.03 17.02 – 5.6 NS CIM RA&C L (N/A) .......................... z 25.03 NA NA NS PIMCO Flexible Cr I;A-2 (N/A) .......... z 8.19 NA NA NS
PIMCO Income Opportunity (PKO) .. N NA 22.57 NA 10.2 RiverNorth Opps Muni Inc (RMI) ..... N 22.18 21.04 – 5.1 4.0 Clarion Partners REI D (N/A) ........... z NA NA NA NS PIMCO Flexible Cr I;A-4 (N/A) .......... z 8.19 NA NA 11.5
PIMCO Stratg Inc (RCS) .................. N 5.91 6.13 + 3.7 10.7 Western Asset Mgd Muni (MMU)-a .. N NA 11.99 NA 4.9 Clarion Partners REI I (N/A) ............. z NA NA NA NS PIMCO Flexible Cr I;Inst (N/A) ......... z 8.19 NA NA 12.4
StoneHarbor EM Tot Inc (EDI) ......... N 7.58 7.49 – 1.3 13.4 Western Asset Mun Hi Inc (MHF)-a .. N NA 7.14 NA 4.2 Clarion Partners REI S (N/A) ........... z NA NA NA NS PionrILSBridge (N/A) ..................... z NA NA NA 0.0
StoneHarbor Emg Mkts Inc (EDF) ... N 6.63 6.84 + 3.2 17.0 WstAstMuniPrtnrs (MNP)-a ............ N NA 14.02 NA 4.3 Clarion Partners REI T (N/A) ............ z NA NA NA NS WA Middle Mkt Dbt (N/A) ................ z NA NA NA 9.5
Templeton Em Inc (TEI) .................. N 9.03 7.68 – 15.0 9.1 Westn Asst Mu Def Opp Tr (MTT)-a .. N NA 19.72 NA 4.0 Griffin Inst Access RE:A (N/A) ......... z 24.82 NA NA – 3.9 WA Middle Mkt Inc (N/A) ................. z NA NA NA 10.8
Templtn Glbl Inc (GIM) ................... N 6.25 5.26 – 15.8 6.2 Single State Muni Bond Griffin Inst Access RE:C (N/A) ......... z 23.95 NA NA – 4.6 Other Domestic Taxable Bond Funds
Virtus Gl MSec Inc (VGI) ................. N 12.02 11.07 – 7.9 13.4 BlackRock CA Mun (BFZ) ................ N 15.39 13.17 – 14.4 3.7 Griffin Inst Access RE:I (N/A) .......... z 25.13 NA NA – 3.7 Am Beacon Apollo TR:T (N/A) ......... z 9.75 NA NA NS
WstAstEmergDebt (EMD)-a ............. N NA 12.09 NA 9.9 BlckRk FL Muni 20 (BFO) ................ N 14.82 14.75 – 0.5 1.0 GS Real Est Div Inc:A (N/A) ............. z 9.64 NA NA – 5.0 Am Beacon Apollo TR:Y (N/A) ......... z 9.77 NA NA 3.4
Western Asset Gl Cr D Op (GDO)-a ... N NA 16.22 NA 7.5 BlackRock MA Tax-Exempt (MHE) .. N 13.45 12.62 – 6.2 3.6 GS Real Est Div Inc:C (N/A) ............. z 9.62 NA NA – 5.6 Am Beacon SP Enh Inc:T (N/A) ........ z 8.97 NA NA NS
WstAstVarRte (GFY)-a ..................... N NA 15.60 NA 6.1 BlackRock MD Mun Bd (BZM) ......... N 14.87 13.54 – 8.9 3.4 GS Real Est Div Inc:I (N/A) .............. z 10.04 NA NA – 5.0 Am Beacon SP Enh Inc:Y (N/A) ........ z 9.00 NA NA 5.4
National Muni Bond Funds BR MH CA Qly Fd Inc (MUC) ............ N 15.54 14.13 – 9.1 3.8 GS Real Est Div Inc:L (N/A) .............. z 9.63 NA NA – 5.3 BR Credit Strat;A (N/A) ................... z 9.72 NA NA NS
AllBerNatlMunInc (AFB) ................. N 14.88 13.34 – 10.3 4.1 BR MH NJ Qly (MUJ) ....................... N 15.38 13.30 – 13.5 4.9 GS Real Est Div Inc:W (N/A) ............ z 9.78 NA NA – 5.1 BR Credit Strat;Inst (N/A) ................ z 9.72 NA NA 5.2
BlckRk Inv Q Mun (BKN) ................. N 16.06 15.75 – 1.9 4.5 BR MH NY Qly (MHN) ..................... N 14.81 13.26 – 10.5 4.0 NexPointRlEstStrat;A (N/A) ............ z 15.35 NA NA – 20.6 BlackRock Mlt-Sctr Oppty (N/A) ...... z 80.32 NA NA 9.5
BlckRk L-T Muni Adv (BTA) ............. N 12.26 11.77 – 4.0 5.3 BlkRkMunyldAZ (MZA) ................... N 14.50 13.99 – 3.5 4.0 NexPointRlEstStrat;C (N/A) ............ z 15.50 NA NA – 20.9 BlackRock Mlt-Sec Opp II (N/A) ...... z 83.53 NA NA 7.9
BR Mu InDur (MUI) ......................... N 15.54 13.64 – 12.2 3.9 BR MuniYld CA (MYC) .................... N 15.73 13.95 – 11.3 3.8 NexPointRlEstStrat;Z (N/A) ............ z 15.50 NA NA – 20.1 Carlyle Tact Pvt Cred:A (N/A) ........... z NA NA NA 8.8
BlackRock Muni 2020 (BKK) ........... N 15.09 15.01 – 0.5 1.7 BR MuniYld CA Qly (MCA) ............... N 15.63 13.96 – 10.7 4.1 PREDEX;I (N/A) .............................. z NA NA NA NA Carlyle Tact Pvt Cred:I (N/A) ............ z NA NA NA 9.6
BlackRock Muni 2030 Tgt (BTT) ...... N 25.64 23.69 – 7.6 3.1 BR MuniYld MI Qly (MIY) ................ N 15.54 13.46 – 13.4 4.4 PREDEX;T (N/A) ............................. z NA NA NA NA Carlyle Tact Pvt Cred:L (N/A) ........... z NA NA NA 9.2
BlackRock Mun Bd (BBK) ................ N 16.14 15.22 – 5.7 4.5 BR MuniYld NJ (MYJ) ..................... N 15.44 13.51 – 12.5 5.3 PREDEX;W (N/A) ............................ z NA NA NA NA Carlyle Tact Pvt Cred:M (N/A) .......... z NA NA NA NS
BlackRock Muni (BFK) .................... N 14.03 13.37 – 4.7 4.9 BR MuniYld NY Qly (MYN) .............. N 14.22 12.62 – 11.3 4.0 Principal Dvs Sel RA A (N/A) ........... z 21.45 NA NA – 12.8 Carlyle Tact Pvt Cred:N (N/A) .......... z NA NA NA 9.6
BlackRock Muni II (BLE) ................. N 14.52 14.76 + 1.7 4.9 BR MuniYld PA Qly (MPA) ............... N 15.66 13.45 – 14.1 4.1 Principal Dvs Sel RA Ins (N/A) ......... z 21.48 NA NA – 12.6 Carlyle Tact Pvt Cred:Y (N/A) ........... z NA NA NA 9.3
BlckRk Mun Inc Inv (BBF) ............... N 13.69 12.70 – 7.2 5.1 BlckRk NY Muni Inc Qly (BSE) ......... N 14.79 13.26 – 10.3 3.7 Principal Dvs Sel RA Y (N/A) ........... z 21.52 NA NA – 12.4 CION Ares Dvsfd Crdt;A (N/A) ......... z NA NA NA 6.1
BlckRk Muni Inc Qly (BYM) ............. N 15.25 13.77 – 9.7 4.2 BlackRock NY Mun Bd (BQH) .......... N 15.93 15.62 – 1.9 3.7 SharesPost 100;A (N/A) .................. z 31.10 NA NA 5.8 CION Ares Dvsfd Crdt;C (N/A) ......... z NA NA NA 6.1
BlckRk Muni Inc Inv Qly (BAF) ......... N 15.05 13.59 – 9.7 4.6 BlackRock NY Mun (BNY) ............... N 14.78 13.48 – 8.8 4.1 SharesPost 100:I (N/A) ................... z 31.30 NA NA 6.1 CION Ares Dvsfd Crdt;I (N/A) .......... z NA NA NA 6.0
BR MuniAssets Fd (MUA) ............... N 13.74 13.72 – 0.1 4.6 BlackRock NY Mun II (BFY) ............. N 15.27 13.79 – 9.7 4.4 SharesPost 100:L (N/A) .................. z 30.92 NA NA 5.5 CION Ares Dvsfd Crdt;L (N/A) .......... z NA NA NA 6.1
BR MuniEnhanced (MEN) ............... N 11.96 10.91 – 8.8 4.4 BlackRock VA Mun (BHV) ............... N 15.13 15.25 + 0.8 NA USQ Core Real Estate:I (N/A) ........... z 24.99 NA NA 1.0 CION Ares Dvsfd Crdt;U (N/A) ......... z NA NA NA NS
BR MuniHoldng2 (MUH) ................. N 15.39 14.23 – 7.5 4.8 Del CO Muni Inc (VCF) ..................... A 14.80 13.51 – 8.7 4.0 USQ Core Real Estate:IS (N/A) ........ z 25.00 NA NA 1.1 CION Ares Dvsfd Crdt:U2 (N/A) ....... z NA NA NA NS
BR MuniHoldings Qly (MFL) ........... N 14.46 13.01 – 10.0 4.3 Del MN II (VMM) ............................. A 14.57 12.47 – 14.4 3.6 Versus Cap MMgr RE Inc:I (N/A) ..... z 26.63 NA NA NE CION Ares Dvsfd Crdt;W (N/A) ........ z NA NA NA 6.0
BR MH Qly (MUS) ........................... N 13.60 12.19 – 10.4 4.4 EVCAMuniBd (EVM)-a ..................... A 12.60 11.26 – 10.6 4.0 Versus Capital Real Asst (N/A) ........ z 24.38 NA NA – 0.8 CNR Select Strategies (N/A) ............ z 10.89 NA NA 0.0
BR MH Qly 2 (MUE) ......................... N 13.73 12.42 – 9.5 4.3 EVCAMuniIncm (CEV) .................... A 14.35 13.13 – 8.5 4.2 Wildermuth Endwmnt:A (N/A) ........ z 13.32 NA NA 0.1 GL Beyond Income (N/A) ................ z 0.94 NA NA NE
BR MuniHoldngs (MHD) ................. N 16.49 14.88 – 9.8 5.0 Eaton Vance NY Muni Bd (ENX)-a ..... A 13.26 11.58 – 12.7 4.0 Wildermuth Endwmnt:C (N/A) ........ z 12.89 NA NA – 0.5 KKR CREDIT OPPTY;I (N/A) ............ z 25.21 NA NA NS
BR MuniVest Fd (MVF) .................... N 9.37 8.37 – 10.7 5.0 EVNYMuniIncm (EVY) .................... A 14.68 12.64 – 13.9 4.0 Wildermuth Endowment:I (N/A) ...... z 13.45 NA NA 0.4 KKR CREDIT OPPTY;T (N/A) ........... z NA NA NA NS
BR MuniVest 2 (MVT) ..................... N 14.83 13.40 – 9.6 5.0 InvCaValMuIncTr (VCV) ................. N 13.33 11.66 – 12.5 4.5 Income & Preferred Stock Funds Lord Abbett Cred Opps Fd (N/A) ...... z 8.99 NA NA NS
BR MuniYield Fd (MYD) .................. N 14.51 13.51 – 6.9 5.1 InvPAValMuIncTr (VPV) ................. N 13.71 11.85 – 13.6 5.0 A3 Alternative Cr (N/A)-a .................. z 10.32 NA NA NS Lord Abbett Cred Opps Fd (N/A) ...... z 8.99 NA NA 8.6
BR MuniYld Invest Qly (MFT) .......... N 13.91 12.96 – 6.8 4.9 InvTrInvGrNYMu (VTN) .................. N 13.95 12.14 – 13.0 4.7 Calamos L/S Eqty and DI (CPZ) ....... z 17.87 15.09 – 15.6 NS Lord Abbett Crd Op:U (N/A) ............. z 8.99 NA NA NS
BR MuniYield Qlty (MQY) ................ N 15.96 14.92 – 6.5 4.3 NeubrgrBrmCA (NBW) ................... A 15.06 12.93 – 14.1 4.2 Destra Multi-Altrntv;A (N/A) ............ z 11.74 NA NA – 8.0 Palmer Square Opp Inc (N/A)-a ........ z 16.69 NA NA 6.8
BR MuniYld Qlty2 (MQT) ................ N 14.02 12.73 – 9.2 4.2 NeubrgeBrmNY (NBO) ................... A 13.64 11.63 – 14.7 4.1 Destra Multi-Altrntv;C (N/A) ............ z 11.27 NA NA – 8.6 Resource Credit Inc:A (N/A)-a .......... z 9.31 NA NA 7.8
BR MuniYld Qly 3 (MYI) .................. N 14.51 12.93 – 10.9 4.1 Nuveen AZ Qual Muni Inc (NAZ) ...... N 14.89 13.63 – 8.5 3.9 Destra Multi-Altrntv;I (N/A) ............. z 11.97 NA NA – 7.8 Resource Credit Inc:C (N/A)-a .......... z 9.41 NA NA 7.1
BR MuniYldInv (MYF) ..................... N 14.14 13.25 – 6.3 5.1 Nuveen CA AMT-F Qual MI (NKX) .... A 16.44 14.85 – 9.7 4.1 Destra Multi-Altrntv;T (N/A) ............ z 11.42 NA NA – 8.5 Resource Credit Inc:I (N/A)-a ........... z 9.32 NA NA 8.1
BlckRk Str Muni (BSD) .................... N 14.00 13.05 – 6.8 5.2 Nuveen CA Val (NCA) ...................... N 10.71 10.21 – 4.7 3.3 Flat Rock Opportunity (N/A) ............ z 16.38 NA NA – 7.6 Resource Credit Inc:L (N/A)-a .......... z 9.30 NA NA 7.6
BNY Mellon Muni Bd Infra (DMB) .... N 13.91 13.04 – 6.3 4.9 Nuveen CA Muni Value 2 (NCB) ....... N 16.27 14.31 – 12.0 3.3 The Relative Value:CIA (N/A) ........... z NA NA NA NA Resource Credit Inc:W (N/A)-a ......... z 9.30 NA NA 7.8
BNY Mellon Muni Income (DMF) ..... A 8.91 8.31 – 6.7 4.9 NuveenCAQtyMuInc (NAC) ............. N 15.91 14.30 – 10.1 4.4 Variant Altrntv Inc:Inst (N/A) ........... z 26.65 NA NA 7.9 Thrivent Church Ln&Inc:S (N/A) ..... z 10.87 NA NA 3.0
BNY Mellon Str Muni Bond (DSM) ... N 7.95 7.18 – 9.7 5.4 Nuveen CA Sel Tx-Free (NXC) .......... N 15.76 16.16 + 2.6 3.3 Variant Altrntv Inc:Inv (N/A) ............ z 26.64 NA NA 7.6 World Income Funds
BNY Mellon Strat Muni (LEO) .......... N 8.22 7.67 – 6.7 5.5 NuvGA Qual Muni Inc (NKG) ........... A 14.06 12.02 – 14.5 3.7 Convertible Sec's. Funds Destra Int&Evt-Dvn Crd:A (N/A) ...... z 22.92 NA NA 6.1
Del Inv Natl Muni Income (VFL) ....... A 14.15 12.27 – 13.3 4.4 Nuveen MA Qual Muni Inc (NMT) .... N 14.87 13.40 – 9.9 3.7 Calmos Dyn Conv and Inc (CCD) ..... z 22.27 20.66 – 7.2 21.2 Destra Int&Evt-Dvn Crd:I (N/A) ....... z 22.93 NA NA 6.4
DTF Tax-Free Income (DTF) ............ N 15.73 14.30 – 9.1 3.2 Nuveen MD Qual Muni Inc (NMY) .... N 14.70 12.85 – 12.6 4.2 World Equity Funds Destra Int&Evt-Dvn Crd:L (N/A) ...... z 22.90 NA NA 5.8
DWS Muni Inc (KTF) ....................... N 12.35 10.75 – 13.0 4.5 Nuveen MI Qual Muni Inc (NUM) ..... N 15.95 13.56 – 15.0 3.8 ACAP Strategic:A (N/A) ................... z 23.98 NA NA 35.9 Destra Int&Evt-Dvn Crd:T (N/A) ...... z 22.89 NA NA 5.5
DWS Strat Mun (KSM) .................... N 12.12 10.46 – 13.7 5.0 Nuveen Minn Qual Mun Inc (NMS) .. A 15.10 14.18 – 6.1 4.1 ACAP Strategic:W (N/A) .................. z 17.86 NA NA 37.0 National Muni Bond Funds
EVMuniBd (EIM)-a ........................... A 13.99 12.68 – 9.4 4.2 Nuveen MO Qual Mun Inc (NOM) .... A 13.79 13.64 – 1.1 NA BMO LGM Front ME;I (N/A) ............. z 6.38 NA NA – 26.0 PIMCO Flex Mun Inc;A-3 (N/A) ........ z 10.75 NA NA NS
EVMuniIncm (EVN) ........................ N 13.73 12.45 – 9.3 4.5 Nuveen NJ Muni Value (NJV) .......... N 15.02 12.53 – 16.5 3.6 CalamosGlbTotRet (CGO) ............... z 10.92 11.25 + 3.0 0.9 PIMCO Flex Mun Inc:A1 (N/A) ......... z 10.76 NA NA NS
EVNatMuniOpp (EOT)-a ................... N 20.90 19.51 – 6.7 4.5 NuvNJ Qual Muni Inc (NXJ) ............. A 15.95 13.18 – 17.4 4.7 VirtusTotalRetFd (ZTR) ................... z 8.46 8.03 – 5.1 – 10.2 PIMCO Flex Mun Inc;Inst (N/A) ....... z 10.76 NA NA 3.0
FedHrmsPremMuI (FMN)-a ............. N 15.04 13.26 – 11.8 4.4 Nuveen NY AMT/Fr Qual MI (NRK) .. A 14.65 12.81 – 12.6 4.2 Loan Participation Funds Tortoise Tax-Adv Soc Inf (N/A) ........ z 9.63 NA NA 5.3

TOP SAVINGS DEPOSIT YIELDS

Money Market Account1 One-Year CDs Five-Year CDs
Telephone Min. Recent Effect. Telephone Min. Recent Effect. Telephone Min. Recent Effect.
Institution Location No. Deposit % Rate % Yield Institution Location No. Deposit % Rate % Yield Institution Location No. Deposit % Rate % Yield
Axos Bank San Diego,CA (877)541-2634 25000 1.29 (CD) 1.30 First Internet Bank Indianapolis,IN (888)873-3424 1000 1.13 (CM) 1.14 TIAA Bank Jackson,FL (888)882-3837 5000 1.49 (CD) 1.50
First Internet Bank Indianapolis,IN (888)873-3424 100 1.10 (CM) 1.11 BankDirect Dallas,TX (877)839-2737 10000 1.10 (CD) 1.11 First Internet Bank Indianapolis,IN (888)873-3424 1000 1.40 (CM) 1.41
Dollar Savings Direct Ossining,NY (866)395-8693 1 1.09 (CD) 1.10 TIAA Bank Jackson,FL (888)882-3837 5000 1.04 (CD) 1.05 Travis CU Concord,CA (800)435-4040 500 1.34 (CM) 1.35
CIT Bank Livingstn,NJ (855)462-2652 1 1.05 (CD) 1.06 Ally Bank Philadelphia,PA (877)247-2559 1 1.00 (CD) 1.00 PenFed Credit Union Alexandria,VA (800)247-5626 1000 1.19 (MA) 1.20
American Express Salt Lake City,UT (800)446-6307 1 1.00 (CD) 1.00 Travis CU Concord,CA (800)435-4040 500 1.00 (CM) 1.00 Emigrant Direct New York,NY (800)836-1997 1000 1.19 (CD) 1.20
Six-Month CDs2 2½-Year CDs 90-Day Jumbo CDs
Telephone Min. Recent Effect. Telephone Min. Recent Effect. Telephone Min. Recent Effect.
Institution Location No. Deposit % Rate % Yield Institution Location No. Deposit % Rate % Yield Institution Location No. Deposit % Rate % Yield
Emigrant Direct New York,NY (800)836-1997 1000 1.00 (CD) 1.00 My Savings Direct Ossining,NY (877)752-1919 1000 1.09 (CD) 1.10 Wesbanco Bank Waldorf,MD (888)843-7250 1000 0.50 (CQ) 0.50
Dollar Savings Direct Ossining,NY (866)395-8693 1000 1.00 (CD) 1.00 Discover Bank Greenwood,DE (800)347-7000 2500 1.04 (CD) 1.05 Ally Bank Philadelphia,PA (877)247-2559 25000 0.50 (CD) 0.50
My Savings Direct Ossining,NY (877)752-1919 1000 1.00 (CD) 1.00 TIAA Bank Jackson,FL (888)882-3837 1000 1.00 (CD) 1.01 TIAA Bank Jackson,FL (888)882-3837 5000 0.45 (CD) 0.45
BankDirect Dallas,TX (877)839-2737 10000 1.00 (CD) 1.00 Emigrant Direct New York,NY (800)836-1997 1000 1.00 (CD) 1.00 BankDirect Dallas,TX (877)839-2737 10000 0.45 (CD) 0.45
First Internet Bank Indianapolis,IN (888)873-3424 1000 0.75 (CM) 0.75 Bank OZK New York,NY (212)218-8383 1000 0.95 (CM) 0.95 FVCbank Washingtn,DC (888)922-6537 1000 0.40 (CM) 0.40
1Including passbook, statement savings, and bank-offered liquid asset accounts.
Yields are based on the stated rate and compounding method in effect Friday and are subject Source: (c) 2020, Informa Research Services, 30501 Agoura Road, 2nd Floor, Agoura Hills, CA
2Six-month CD yields assume reinvestment of principal and interest at the same rate for an to change. Phone to verify before investing or sending money. 91301 818-880-8877. All rights reserved. May not be reproduced or retransmitted in any
additional six months. form without express written consent of Informa Research Services.
(CC) Compounded continuously; (SA) compounded semiannually; (CD) compounded daily;
Rates are the highest yields on six types of accounts offered by federally-insured banks and (CA) compounded annually; (CM) compounded monthly; (SI) simple interest; (CQ) com-
savings associations nationwide. pounded quarterly
M34 BARRON’S June 29, 2020

Market Laboratory
DJ HALF-HOURLY AVERAGES THE DOW JONES AVERAGES TRADING DIARY
Market Advance/Decline Volumes
Dow Jones 30 Industrial (divisor: 0.14579812049809) Week's Daily Jun 22 23 24 25 26
Daily Jun 22 23 24 25 26 COMPONENTS Change INDUSTRIALS
29950 NY Up 569,125 552,999 59,118 732,818 466,492
3M -5.63 NY Off 485,760 452,053 1,038,074 215,797 2,663,883
Open (t) 25783.73 26286.62 25919.26 25326.73 25562.95
Open (a) 25865.08 26159.39 25992.96 25365.22 25641.69 American Express -7.52 NY Up - Composite 2,481,426 2,523,715 493,553 3,634,740 1,126,636
NY Off - Composite 2,108,609 2,174,113 5,118,988 1,108,051 6,634,302
10:00 25851.06 26215.61 25759.20 25362.88 25461.58 Apple 3.91 28950 NYSE Amer UP 21,149 17,127 6,070 13,765 41,709
10:30 25902.37 26247.94 25791.10 25577.96 25280.77 Boeing -17.01 NYSE Amer Off 6,490 13,071 18,093 8,027 100,298
11:00 25784.85 26158.02 25628.13 25440.79 25187.57
Caterpillar -5.07 NASD Up 2,689,834 3,765,801 1,973,589 3,135,771 1,728,627
11:30 25878.70 26270.56 25534.62 25450.21 25199.16
27950 NASD Off 1,704,395 1,883,653 3,515,592 1,412,963 5,205,123
12:00 25885.97 26262.83 25394.21 25447.17 25223.84 Chevron -4.17 NYSE Arca UP 159,227 157,964 73,937 217,384 89,669
12:30 25979.28 26252.48 25472.72 25498.10 25160.41 Cisco Systems 0.99 NYSE Arca Off 90,529 68,217 294,478 81,574 250,704
1:00 25998.83 26251.85 25562.62 25509.89 25180.61 % (QCHA) +.16 +.33 –2.76 +.77 –1.72
1:30 25984.02 26289.88 25437.75 25490.07 25207.36 Coca-Cola -2.45 26950 % (QACH) +.79 +.89 –1.64 +.83 –1.93
2:00 25996.95 26286.17 25428.94 25484.26 25154.67 Disney -5.25 % (QCHAQ) +.42 +.52 –2.36 +1.34 –2.20
2:30 25972.50 26269.58 25491.40 25449.48 25062.96 Dow -1.85 Market Advance/Decline Totals
3:00 26052.92 26241.14 25444.67 25448.31 25050.34 25950
3:30 25944.05 26211.04 25520.94 25689.10 25034.26
ExxonMobil -2.36 Week ended last Friday compared to previous Friday
Close 26024.96 26156.10 25445.94 25745.60 25015.55 Goldman Sachs -12.44 Weekly Comp. NYSE NYSE Amer Nasdaq NYSE Arca
High (t) 26138.98 26505.83 26039.43 25825.47 25659.03 Home Depot -5.64 24950 Total Issues 3,092 288 3,537 1,537
Low (t) 25597.79 25983.95 25255.13 25108.76 24876.31 Advances 660 105 1,042 321
IBM -5.28 Declines 2,407 178 2,456 1,196
High (a) 26059.81 26314.97 25992.96 25769.61 25641.69
Low (a) 25667.68 26105.97 25296.73 25209.79 24971.03 Intel -2.12 Unchanged 25 5 39 20
Change +153.50 +131.14 –710.16 +299.66 –730.05 Johnson & Johnson -6.02 23950 New Highs 130 19 320 119
New Lows 25 4 57 42
Theoretical (t): High 26505.83 Low 24876.31 JPMorgan Chase -5.22
Actual (a): High 26314.97 Low 24971.03 NYSE Composite Daily Breadth
McDonald's -6.82 22950 Daily Jun 22 23 24 25 26
Dow Jones 20 Transport (divisor: 0.16385001129960) Merck -2.71 Issues Traded 3,041 3,050 3,044 3,049 3,048
Advances 1,558 1,702 350 1,920 552
Open (t) 9002.50 9160.51 9074.03 8829.66 8972.96 Microsoft 1.18 Declines 1,395 1,254 2,635 1,041 2,450
Open (a) 9014.65 9100.85 9105.46 8837.56 8980.65
Nike Cl B -2.11 21950 Unchanged 88 94 59 88 46
10:00 8957.86 9112.85 9053.37 8807.10 8961.52 New Highs 64 63 15 25 35
New Lows 6 3 12 16 13
10:30 9017.11 9162.17 9079.57 8885.81 8888.31 Pfizer -1.38 NOTICE TO Blocks - primary 5,787 5,593 6,315 5,717 6,751
Procter & Gamble -3.69 20950 Total (000) - primary 1,073,482 1,015,851 1,101,102 966,284 3,158,706
11:00
11:30
8934.99
8965.77
9116.44
9132.92
9013.20
8965.23
8854.64
8845.11
8830.48
8820.85 READERS: Total (000) 4,681,216 4,746,129 5,631,691 4,845,724 7,819,079
Raytheon Technologies -5.79
12:00 8978.83 9150.46 8917.88 8836.90 8828.18 NYSE American Composite
12:30 9026.37 9152.86 8929.87 8857.26 8836.29 Travelers Cos -5.56
Sign up for the 19950 Daily Jun 22 23 24 25 26
1:00 9060.30 9169.48 8982.90 8860.24 8837.74 UnitedHealth Group -4.36 Issues Traded 276 272 279 271 273
1:30 9020.54 9183.26 8939.44 8848.06 8823.54 Verizon Communications -3.00 Weekly Market Lab Advances
Declines
138
130
145
108
70
193
146
112
71
190
2:00 9033.53 9174.82 8936.85 8865.95 8812.84
2:30 9039.40 9162.47 8960.09 8876.03 8784.69 Visa Cl A -2.93 Newsletter: 18950 Unchanged
New Highs
8
8
19
7
16
6
13
3
12
5
3:00 9074.03 9160.19 8924.90 8891.94 8782.88 Walgreens Boots Alliance -2.96 barrons.com/ New Lows ... 0 1 2 2
Blocks - primary 241 250 244 230 298
3:30 9033.86 9204.09 8945.20 8980.32 8791.72 Walmart -1.53
Close 9061.98 9181.57 8899.24 9000.30 8805.74 newsletters 17950
Total (000) - primary
Total (000)
27,969 31,145
269,675 460,668
24,442
309,544
23,158
445,610
153,680
708,615
High (t) 9119.19 9261.45 9144.03 9030.70 9034.57
Low (t) 8882.91 9048.46 8845.90 8717.18 8719.90 Nasdaq
High (a) 9079.01 9229.54 9105.46 9006.13 8992.15
TRANSPORTATION Please visit the new 11600 Daily Jun 22 23 24 25 26
Alaska Air Group -1.99 Issues Traded 3,423 3,432 3,441 3,424 3,428
Low (a) 8923.55 9082.39 8877.48 8752.11 8758.41
American Airlines Group -3.62
Market Lab home Advances 1,835 1,838 607 2,222 744
Change –15.77 +119.59 –282.33 +101.06 –194.56 Declines 1,514 1,501 2,780 1,110 2,617
Theoretical (t): High 9261.45 Low 8717.18 Avis Budget Group -4.98 page on barrons.com 10900 Unchanged 74 93 54 92 67
New Highs 150 200 54 73 69
Actual (a): High 9229.54 Low 8752.11 CH Robinson Worldwide -1.09 under Data. New Lows 15 9 12 15 29
Blocks - primary 22,850 48,179 39,758 27,531 34,404
Dow Jones 15 Utilities (divisor: 1.41366797515660) CSX -2.08 Total (000) 4,459,387 5,694,829 5,508,240 4,604,795 6,953,194
10200
Open (t) 772.49 788.15 766.58 764.71 756.63 Delta Air -2.60 NYSE Arca Composite
Open (a) 771.58 786.59 766.91 765.24 756.59 Expeditors Intl of Wash -0.01 Daily Jun 22 23 24 25 26
10:00 776.06 784.59 768.01 754.01 761.16
10:30 782.29 782.65 770.27 755.27 761.11 FedEx -7.55 9500 Issues Traded 1,400 1,413 1,441 1,412 1,422
Advances 1,005 977 169 1,108 251
11:00 782.91 776.77 765.26 754.14 752.78 JB Hunt Transport 1.70 Declines 379 405 1,257 283 1,154
11:30 782.39 774.84 762.61 751.28 748.58 Unchanged 16 31 15 21 17
JetBlue Airways -1.10 New Highs 54 96 20 12 8
12:00 781.24 773.53 761.07 750.25 748.65 8800 New Lows 8 22 10 7 9
12:30 781.50 771.85 761.71 750.99 748.64 Kansas City Southern 1.44 Blocks - primary 1,033 1,122 1,638 1,468 1,610
1:00 779.53 772.30 764.45 752.30 749.59 Kirby Corp -2.33 Total (000) - primary 250,528 227,086 369,555 300,886 340,789
Total (000) 1,299,583 1,253,868 1,917,641 1,548,714 1,671,881
1:30 778.86 773.35 761.55 751.07 752.38 Landstar System -3.24 8100
2:00 780.32 774.09 762.27 752.07 754.14
2:30 781.12 772.37 766.95 751.97 751.93
Matson Inc. -1.91
3:00 780.60 772.77 766.01 751.45 749.86 Norfolk Southern -0.45 7400 OTHER MARKET INDEXES
3:30 777.71 773.84 768.43 755.90 747.94 Ryder System -2.56 Daily 6/22 6/23 6/24 6/25 6/26
Close 780.42 773.47 767.60 757.34 749.40 Southwest Airlines -2.59 NYSE Amer Comp 1991.82 1993.47 1949.70 1956.82 1911.76
High (t) 786.14 790.71 775.01 765.89 766.29 6700 AmMajorMkt 2375.08 2378.77 2309.39 2330.58 2275.09
Low (t) 766.66 769.69 757.27 747.16 742.27 Union Pacific -5.21
BNY ADR Idx 130.30 131.75 128.32 129.75 127.20
High (a) 785.06 788.56 772.07 765.24 765.41 United Airlines -3.95 Europe 116.24 117.21 113.62 115.53 113.16
Low (a) 766.97 770.92 759.00 748.23 745.40 United Parcel Service B -0.45 Latin Am 150.11 153.40 146.58 148.73 142.34
Change +9.81 –6.95 –5.87 –10.26 –7.94 6000 Asia 172.81 175.09 172.13 172.58 169.90
Theoretical (t): High 790.71 Low 742.27 Emerg M 297.41 303.04 297.47 298.86 292.77
UTILITIES DJ US TSM Float 31738.05 31864.58 31008.58 31373.25 30620.42
Actual (a): High 788.56 Low 745.40
975 Nasdaq Cmp 10056.47 10131.37 9909.17 10017.00 9757.22
AES 0.41 100 Index 10130.33 10209.82 10002.70 10101.83 9849.36
Dow Jones 65 Composite (divisor: 0.76596207804696)
American Elec Power -1.71 Indus. 7616.50 7686.11 7516.34 7579.83 7420.39
Open (t) 8259.31 8417.74 8289.51 8120.99 8181.70 Insur. 8149.22 8188.98 7947.40 8134.66 7879.51
Open (a) 8275.24 8377.89 8310.86 8131.00 8198.25 American Water Works -2.28 Banks 2767.63 2742.99 2611.67 2698.93 2561.46
10:00 8269.18 8387.46 8257.26 8103.30 8168.33 CenterPoint Energy -0.09 895 Computer 6900.51 6957.67 6811.51 6884.97 6677.04
10:30 8303.11 8400.59 8273.11 8163.40 8118.14 Telecom 421.95 423.84 420.81 426.34 423.14
Consolidated Edison -0.16 NYSE Comp.-z 12028.91 12077.75 11726.54 11865.11 11604.43
11:00 8264.32 8362.84 8218.64 8128.54 8072.67
11:30 8287.82 8384.22 8185.69 8123.02 8065.06 Dominion Energy -2.04 Financial-z 6829.32 6865.09 6632.48 6774.72 6541.90
12:00 8289.86 8384.09 8146.00 8118.78 8071.46 Duke Energy -3.18 815 Health Care-z 17575.14 17660.59 17169.27 17354.72 17133.18
Energy-z 6455.99 6499.92 6180.34 6281.88 6085.55
12:30 8318.28 8379.53 8164.68 8134.20 8061.09 Edison Intl -0.84 Russell 1000 1727.19 1734.13 1688.32 1707.70 1667.25
1:00 8325.62 8383.79 8198.20 8139.50 8067.00 2000 1433.53 1439.34 1389.74 1413.32 1378.78
1:30 8313.06 8395.91 8159.78 8130.85 8074.21
Exelon -2.82 3000 1818.34 1825.66 1776.57 1797.52 1754.87
2:00 8320.99 8394.76 8158.88 8135.42 8065.14 FirstEnergy -2.13 735 Value-v 1126.56 1126.95 1093.44 1105.34 1079.65
Growth-v 1934.55 1947.46 1900.65 1923.28 1877.12
2:30 8319.06 8385.79 8184.38 8130.76 8037.58 NextEra Energy -5.99 MidCap 2163.60 2162.63 2096.46 2120.75 2081.92
3:00 8340.83 8380.64 8166.22 8132.99 8031.01
NiSource -0.62 S&P 100 Index 1433.74 1442.82 1408.84 1424.96 1386.05
3:30 8306.17 8386.27 8189.54 8205.94 8026.27
Close 8332.60 8370.31 8163.90 8223.63 8028.39 Public Service Enterprise -1.21 655 500 3117.86 3131.29 3050.33 3083.76 3009.05
Ind. 4391.96 4413.77 4302.35 4344.69 4246.85
High (t) 8377.10 8485.78 8342.91 8261.11 8231.00 Sempra Energy -4.64 MidCap 1790.34 1792.47 1731.48 1754.04 1719.32
Low (t) 8187.58 8302.09 8097.10 8023.05 7970.37 SmallCap 825.13 828.10 798.27 812.00 788.69
Southern -2.69 Value Line(A) 5952.39 5975.77 5757.90 5822.17 5686.59
High (a) 8343.91 8414.94 8310.86 8230.23 8198.25
Low (a) 8217.86 8348.65 8115.02 8062.38 8004.98
575 Value Line(G) 446.33 447.99 431.51 436.21 425.86
Dec Jan Feb Mar Apr May Jun DJ US Small TSM 9733.67 9769.22 9440.99 9581.36 9344.07
Change +43.95 +37.71 –206.41 +59.73 –195.24
(A)-Arithmetic Index. (G)-Geometric Index.
Theoretical (t): High 8485.78 Low 7970.37 Note: Theoretical highs and lows are shown. (v)-Value 1000 and Growth 1000. (y)-Dec. 31,1965=50. (z)-Dec.
Actual (a): High 8414.94 Low 8004.98 31,2002=5000.
June 29, 2020 BARRON’S M35

Market Laboratory
INDEXES' P/ES & YIELDS PER SHARE VALUES OF STOCKS IN THE DOW BARRON'S 50-STOCK AVERAGE
JONES AVERAGES
DJ latest 52-week earnings and dividends adjusted by Dow Divisors at Friday's close. S&P Dec. 4-quarter's GAAP earnings as This index is an weighted average of 50 leading issues.
reported and indicated dividends based on Friday close.S&P 500 P/E ratios based on GAAP earnings as reported. For additional This is a list of the Dow Jones trailing 52-week diluted Useful in security valuation. Source: Barron's Stats
earnings series, please refer to www.spglobal.com. DJ latest available book values for FY 2018 and 2017, and S&P latest for 2018 and share earnings, dividends and book values as reported
2017. r-Revised data Jun 25 Jun 18 June Yr-to-Yr
by the company. Bolded numbers indicate new values. 2020 2020 2019 % Chg
Last Prev. Year Last Prev. Year
Week Week Ago Week Week Ago Sources Barron's Stats and FactSet.
S&P 500 Index 3083.76 3115.34 2903 6.23
DJ Ind Avg 25015.55 25871.46 26599.96 Divs Yield % 3.49 3.39 3.06 Industrial Stocks Barron's 50 Index 7933.32 8148.03 9132 –13.13
Divs $ 26.17 26.11 24.78 Book Book
P/E Ratio 21.06 21.64 18.28 Earns Divs. Value Earns Divs. Value Projected quarterly earn 61.76 61.76 108.80 –43.24
Earns Yield % 4.75 4.62 5.47 Mkt to Book 2.02 2.08 2.25
Earns $ 1188.01 1195.76 1455.52 Book Value $ 370.98 370.98 360.31 Am Exp 6.59 1.68 26.32 JPMorgChase 8.85 3.50 70.35 Annualized projected earn 247.02 247.02 435.19 –43.24
Apple 12.75 3.13 22.53 McDonalds 7.63 4.91 (8.16)
Divs Yield % 2.45 2.37 2.22 S&P 500 Index 3009.05 3097.74 2941.76 Boeing (6.06) Suspended 0.60 Merck Co 3.95 2.38 10.30
Annualized projected P/E 32.12 32.99 21.00 52.92
Divs $ 613.39 613.39 591.07 P/E Ratio 21.57 22.21 22.22 Caterpillar 9.44 4.12 24.39 Microsoft 6.00 1.99 13.39 Five-year average earn 394.05 394.05 400.5 –1.61
Mkt to Book 3.84 3.97 4.29 Earns Yield % 4.64 4.50 4.50 Chevron Corp 2.05 4.96 81.22 Nike Inc 1.58 0.955 5.77 Five-year average P/E 20.13 20.68 22.80 –11.70
Book Value $ 6512.92 6512.92 6201.99 Earns $ 139.47 139.47 132.39 Cisco Sys 2.52 1.41 9.36 Pfizer 2.82 1.48 11.09
Coca Cola 2.32 1.62 3.98 Proc Gam 1.77 3.0284 18.49 Year-end earn 307.01 307.01 445.3 –31.06
DJ Trans Avg 8805.74 9077.75 10461.98 Divs Yield % 1.92 1.87 1.97
P/E Ratio 22.78 23.49 18.77 Divs $ 57.77 57.93 57.95
Disney Walt 2.97 1.76 32.52 3M Co 8.52 5.82 16.99 Year-end P/E 25.84 26.54 20.51 26.01
Dow (2.27) 2.80 Travelers Cos 9.28 3.31 86.85
Earns Yield % 4.39 4.26 5.33 Mkt to Book 3.29 3.39 3.45 ExxonMobil 2.67 3.48 45.27 UnitedHealth Grp 14.29 4.49 53.85 Year-end earns yield, % 3.87 3.77 4.9 –20.65
Earns $ 386.51 386.51 557.45 Book Value $ 914.49 914.49 851.62 Goldman Sachs 18.40 5.00 214.80 Raytheon Tech 4.75 2.68 44.63 Best grade bond yields, % 1.90 1.86 3.1 –38.16
Divs Yield % 1.71 1.66 1.56 Home Depot 10.06 5.72 (1.70) Verizon 4.43 2.4475 12.86
S&P Ind Index 4246.85 4356.49 3975.71 IBM 10.47 6.49 18.82 Visa 5.55 1.15 12.88 Bond yields/stock ylds, % 0.49 0.49 0.63 –22.05
Divs $ 150.81 150.81 163.08 P/E Ratio 26.67 27.36 23.87
Mkt to Book 2.72 2.80 3.25
Intel 5.16 1.29 16.51 Walgreens 3.90 1.83 27.31 Actual year-end divs 220.70 222.08 212.46 3.88
Earns Yield % 3.75 3.66 4.19 Johnson&John 7.56 3.86 22.44 Wal-mart 5.26 2.14 25.19
Book Value $ 3239.67 3239.67 3217.98 Earns $ 159.25 159.25 166.56
Actual yr-end divs yld, % 2.78 2.73 2.33 19.56
Transportation Stocks
DJ Utility Avg 749.40 770.61 810.66 Divs Yield % 1.69 1.65 1.83 Alaska Air Group 4.30 Suspended 30.45 KC Southern 5.97 1.56 47.65
P/E Ratio 22.60 23.24 30.02 Divs $ 71.77 71.88 72.76 American Airlines (1.86) Suspended (0.37) Kirby Corp (2.51) Nil 53.67
Earns Yield % 4.42 4.30 3.33 Mkt to Book 4.50 4.61 4.50 Avis Budget Grp 3.05 Nil 5.45 Landstar Sys 5.73 0.74 17.12 STOCK VOLUME
Earns $ 33.16 33.16 27.00 Book Value $ 944.26 944.26 883.41 C.H. Robinson 3.59 2.03 11.62 Matson Inc 1.72 0.88 17.69
CSX Corp 4.17 1.00 15.35 Norf So 9.21 3.76 57.30 Last Prev. Year YOY
Delta Air Lines 5.39 Suspended 20.13 Ryder Sys (3.18) 2.24 54.79 Week Week Ago % Chg
144 FILINGS Expeditors Int'l 3.30 1.02 11.58 Southwest Air 3.40 0.72 17.83
NYSE(a) 7,315,425 8,026,487 5,309,247 37.79
FedEx (1.39) 2.60 68.08 Un Pacific 8.39 3.88 28.17
Hunt (JB) 4.96 1.06 19.33 UPS 4.94 3.94 3.52 30 Dow Inds (b) 2,226,627 2,299,016 1,470,548 51.41
SEC Form 144 must be filed by holders of restricted securities (also called letter stock) who intend to sell shares. Shares Indi- JetBlue Air 0.81 Nil 15.02 United Airlines 3.68 Nil 37.03 20 Dow Trans (b) 1,531,897 1,483,562 218,587 600.82
cated: the number to be sold. Sales Date: the approximate date of the sale. (Sometimes shares aren't sold, even though their owner 15 Dow Utils (b) 341,787 343,999 252,360 35.44
Utility Stocks 65 Dow Stks (b) 4,100,310 4,126,576 1,941,496 111.19
has filed a Form144.) Source: Thomson Reuters AES Corp. 0.44 0.5528 4.84 Exelon 2.68 1.49 31.78
NYSE American (a) 260,394 213,702 128,298 102.96
Am Elec 3.73 2.77 38.58 FirstEnergy 1.25 1.54 13.17
Shares Sale American Water Works 3.49 2.05 32.45 NextEra Energy 7.22 5.30 71.43 Nasdaq(d) 27,220,445 23,585,966 12,405,663 119.42
Company Sym Indicated $ Value Date Seller Title CenterPt Energy (1.39) 1.015 12.61 NiSource Inc. 0.49 0.81 13.08 NYSE 15 Most Active
Ww International WW 924,460 27,734,000 6/16/20 Winfrey, Oprah D Con Ed 3.88 3.01 52.11 Pub Sv Ent 2.83 1.92 28.53 Average Price 23.65 26.43 23.95 -1.25
Dominion Energy 2.20 3.715 29.53 Sempra Energy 2.53 4.025 54.35 % Tot Vol 15.99 16.73 11.77 35.85
Tradeweb Markets TW 640,000 41,228,800 6/22/20 Hult, William AF Duke Energy 5.06 3.78 60.27 Southn Co. 3.36 2.50 23.91
Purple Innovation PRPL 300,000 5,100,000 6/16/20 Mcgarvey, Casey O Stock Offerings $(z,v) 25,660,900 r12,111,900 8,490,700 202.22
Edison Int'l 3.46 2.50 32.10
Enphase Energy ENPH 180,000 9,000,000 6/15/20 Kortlang, Benjamin D Daily Stock Volume
Twilio TWLO 175,000 37,181,025 6/17/20 Hu, George O Daily 6/22 6/23 6/24 6/25 6/26
Tradeweb Markets TW 160,000 10,307,200 6/21/20 Bruni, Enrico AF
Biohaven Pharmaceutical BHVN 125,000 9,001,250 6/18/20 Berman, Robert AF
DISTRIBUTIONS & OFFERINGS NYSE(a) 1,073,482 1,015,851 1,101,102 966,284 3,158,706
Slack Technologies WORK 120,000 3,888,000 6/18/20 Butterfield, Daniel AF 30 Inds (b) 353,008.8 392,157.1 452,534.4 388,065.9 640,860.4
Secondary Distributions of common stocks 20 Trans (b) 275,527.5 358,306.7 320,205.4 284,382.7 293,474.3
Stitch Fix SFIX 120,000 2,774,772 6/15/20 Smith, Michael O
Qualys QLYS 114,254 11,657,335 6/19/20 Fisher, Melissa AF American Airlines 85,215,000 $13.50$1,150,402,500 15 Utils (b) 56,560.2 56,902.6 67,055.0 67,138.7 94,130.1
65 Stks (b) 685,096.6 807,366.3 839,794.8 739,587.3 1,028,464.9
Avinger 20,000,000 $0.27 $5,400,000
NYSE Amer(a) 27,969 31,145 24,442 23,158 153,680
THE WEEK IN STOCKS FOR THE MAJOR INDEXES BRP 11,500,000 $13.25 $152,375,000 Nasd(d) 4,459,387 5,694,829 5,508,240 4,604,795 6,953,194
Castle Biosciences 2,000,000 $37.00 $74,000,000 NYSE 15 Most Active
12-Month Weekly Friday Weekly 12-Month Change From
High Low High Low Close Chg. % Chg. Chg. % Chg. 12/31 % Chg. Avg. Price 26.45 32.42 23.54 19.26 10.88
Castor Maritime 51,400,000 $0.35 $17,990,000 % Tot Vol 17.05 16.27 21.06 16.96 16.10
Dow Jones Indexes Numbers in thousands save price and percentages. (a) Primary
29551.42 18591.93 30 Indus 26156.10 25015.55 25015.55 –855.91 –3.31 –1584.41 –5.96 –3522.89 –12.34 Celsion 2,666,667 $3.75 $10,000,001
volume. (b) Composite volume. (d) as of 4:10 pm. (r) Revised. (v)
11304.97 6703.63 20 Transp 9181.57 8805.74 8805.74 –272.01 –3.00 –1656.24 –15.83 –2095.54 –19.22 Editas Medicine 6,000,000 $31.25 $187,500,000 W/E Thursday. (z) Source: Refinitiv.
960.89 610.89 15 Utilities 780.42 749.40 749.40 –21.21 –2.75 –61.26 –7.56 –129.77 –14.76
9710.01 6100.31 65 Comp 8370.31 8028.39 8028.39 –260.26 –3.14 –768.44 –8.74 –1358.09 –14.47 Evelo Biosciences 12,000,000 $3.75 $45,000,000
Dow Jones Indexes Kaleyra 7,777,778 $4.50 $35,000,001 DELTA MARKET SENTIMENT INDICATOR
34631.28 22462.76 US TSM Float 31864.58 30620.42 30620.42 –913.63 –2.90 376.59 1.25 –2414.95 –7.31
840.63 547.67 US Market 775.47 745.37 745.37 –22.22 –2.89 13.31 1.82 –55.39 –6.92 Magenta Therapeutics 7,500,000 $8.00 $60,000,000 The Delta MSI measures the position of ~1,800 stocks relative to an
780.89 487.28 Internet 780.89 757.63 757.63 –7.45 –0.97 109.11 16.82 129.16 20.55 Metalla Royalty & Streaming Ltd 3,400,000 $5.30 $18,020,000 intermediate-term moving average crossover (MAC) point. When
New York Stock Exchange greater than 50% of the stocks followed are above this MAC point, the
14183.20 8777.38 Comp-z 12077.75 11604.43 11604.43 –375.69 –3.14 –1445.29 –11.08 –2308.60 –16.59 NantKwest 7,410,000 $9.50 $80,115,200 market is bullish and equities are attractive. When the indicator is
below 50%, risk is elevated and stock exposures should be reduced.
8908.29 5036.38 Financial-z 6865.09 6541.90 6541.90 –284.66 –4.17 –1522.19 –18.88 –2158.21 –24.81 One Medical 8,300,000 $31.00 $257,300,000 Manager uses discretion on asset allocation when MSI is 50% +/- 3%.
18588.15 12991.76 Health Care-z 17660.59 17133.18 17133.18 –439.95 –2.50 785.53 4.81 –936.92 –5.18
10445.28 4032.17 Energy-z 6499.92 6085.55 6085.55 –325.37 –5.08 –4249.19 –41.12 –3951.75 –39.37 Palomar 1,000,000 $82.00 $82,000,000 Last 2 Weeks 3 Weeks
NYSE American Stock Exchange Current Sentiment Week Ago Ago
Soleno Therapeutics 30,303,030 $1.65 $50,000,000
2626.91 1317.22 NYSE Amer Comp 1993.47 1911.76 1911.76 –69.79 –3.52 –662.84 –25.75 –640.80 –25.10 BULLISH 87.7% 88.8% 96.2%
2852.12 1742.29 Major Mkt 2378.77 2275.09 2275.09 -92.00 –3.89 –443.73 –16.32 –499.61 –18.01 T-Mobile US 143,392,582 $103.00$14,769,435,946
Current Market Exposure: 100% Equities, 0% Bonds, 0% Cash
Standard & Poor's Indexes Yandex NV 8,121,827 $49.25 $399,999,980 Source: Delta Investment Management
1518.94 1040.00 100 Index 1442.82 1386.05 1386.05 –35.99 –2.53 88.59 6.83 –56.12 –3.89 Source: Dealogic LLC, New York City; (212) 577-4400. www.deltaim.com, (415) 249-6337
3386.15 2237.40 500 Index 3131.29 3009.05 3009.05 –88.69 –2.86 67.29 2.29 –221.73 –6.86
4605.11 3123.44 Indus 4413.77 4246.85 4246.85 –109.64 –2.52 271.14 6.82 –124.77 –2.85
2106.12 1218.55 MidCap 1792.47 1719.32 1719.32 –65.40 –3.66 –226.19 –11.63 –343.70 –16.66
1041.03 595.67 SmallCap 828.10 788.69 788.69 –30.07 –3.67 –164.56 –17.26 –232.49 –22.77 U.S. DOLLAR INDEX vs EURO and YEN
Nasdaq Stock Market
10131.37 6860.67 Comp 10131.37 9757.22 9757.22 –188.90 –1.90 1750.98 21.87 784.62 8.74 Green Haven: Greenbacks gained against the basket of six major currencies measured
10209.82 6994.29 100 Index 10209.82 9849.36 9849.36 –159.28 –1.59 2178.29 28.40 1116.28 12.78
7686.11 5239.66 Indus 7686.11 7420.39 7420.39 –141.42 –1.87 861.17 13.13 612.69 9.00 in the U.S. Dollar Index, as Trump threatened Europe with tariffs and Covid flared.
10673.14 6343.13 Insur 8188.98 7879.51 7879.51 –237.34 –2.92 –2213.57 –21.93 –2112.43 –21.14 10
4011.98 2136.72 Banks 2767.63 2561.46 2561.46 –208.88 –7.54 –1116.02 –30.35 –1407.37 –35.46
6957.67 4608.77 Computer 6957.67 6677.04 6677.04 –96.74 –1.43 1855.78 38.49 798.04 13.57
DXY (97.50)
439.67 298.17 Telecom 426.34 420.81 423.14 1.84 0.44 7.21 1.73 34.63 8.91 s
Russell Indexes
1875.24 1224.45 1000 1734.13 1667.25 1667.25 –48.99 –2.85 38.23 2.35 –116.96 –6.56
1705.22 991.16 2000 1439.34 1378.78 1378.78 –39.85 –2.81 –187.79 –11.99 –289.69 –17.36
1984.26 1288.04 3000 1825.66 1754.87 1754.87 –51.52 –2.85 23.97 1.38 –137.37 –7.26 0
1365.33 838.37 Value-v 1126.95 1079.65 1079.65 –47.30 –4.20 –175.03 –13.95 –268.01 –19.89 s
1947.46 1322.15 Growth-v 1947.46 1877.12 1877.12 –35.84 –1.87 290.50 18.31 106.60 6.02 YEN in $
2472.07 1471.40 MidCap 2163.60 2081.92 2081.92 –71.48 –3.32 –152.29 –6.82 –299.99 –12.59
s
Others
6789.54 3854.81 Value Line-a 5975.77 5686.59 5686.59 –245.13 –4.13 –546.76 –8.77 –972.11 –14.60 EURO in $
562.05 305.71 Value Line-g 447.99 425.86 425.86 –19.03 –4.28 –107.44 –20.15 –126.33 –22.88
11510.08 6621.12 DJ US Small TSM 9769.22 9344.07 9344.07 –312.93 –3.24 –1300.69 –12.22 –1920.91 –17.05
746.64 455.11 Barron's 400 671.44 643.62 643.62 –23.50 –3.52 –47.86 –6.92 –88.61 –12.10 -10
J A S O N D J F M A M J
High/Low's are based upon the daily closing index. a-Arithmetic Index. G-Geometric Index. V-Value 1000 and Growth 1000 y-Dec.
31,1965=50 z-Dec. 31,2002=5000 Source: Tullett Prebon
M36 BARRON’S June 29, 2020

Market Laboratory
DOW JONES U.S. TOTAL MARKET INDUSTRY GROUPS WEEKLY DJ UTILITY AVERAGE NYSE DATA BANK
Net Change % Change and Ranking 52 Week The weekly Dow Utilities; with a high/low range based Latest Preceding Year-Ago
Top 20 Weekly Ranked IG-Sym Close Wkly YTD Week Rank Yr Ago Rank YTD Rank 3 Yr High Low upon the daily closing average. Month Month Month
Gold Mining DJUSPM 133.35 + 5.07 30.08 +3.96 [1] +47.94 [3] +29.13 [3] +20.89 152.52 87.77
Mining DJUSMG 123.62 + 4.67 26.83 +3.93 [2] +41.86 [4] +27.72 [4] +16.98 141.31 81.60 Week Bond Volume
Nonferrous Metals DJUSNF 144.34 + 3.88 –31.17 +2.76 [3] –6.09 [66] –17.76 [88] –2.99 180.99 71.03 Ended First High Low Last Chg.
(Thous. $) May 0 0 2,136
Business Support Svcs DJUSIV 768.54 + 19.83 .56 +2.65 [4] +12.55 [24] +.07 [24] +16.32 818.81 521.14 2020
Insurance Brokers DJUSIB 388.74 + 6.60 –27.30 +1.73 [5] +3.93 [38] –6.56 [39] +11.13 453.39 291.44 Security Sales
June 26 780.42 780.42 749.40 749.40 – 21.21
Computer Hardware DJUSCR 4423.93 + 35.86 587.07 +.82 [6] +64.20 [1] +15.30 [10] +29.19 4,579.60 2,591.24
Basic Resources DJUSBS 164.94 + .53 –9.93 +.32 [7] +2.40 [41] –5.68 [35] +2.17 174.96 109.84
19 799.76 802.37 770.61 770.61 – 22.39 Customers' margin debt
Broadline Retailers DJUSRB 2706.85 + 6.11 686.71 +.23 [8] +35.40 [10] +33.99 [1] +34.20 2,779.72 1,791.13 12 847.26 847.26 793.00 793.00 – 33.52 (Mil $) April 524,696 479,291 588,721
Software DJUSSW 3705.00 + 8.19 661.30 +.22 [9] +37.06 [7] +21.73 [5] +32.50 3,797.27 2,522.55 5 815.33 831.27 814.06 826.52 + 19.60
May 29 769.03 806.92 769.03 806.92 + 42.99 Customers' credit balances
Telecom Equipment DJUSCT 1214.10 + 1.52 –69.82 +.13 [10] –13.72 [96] –5.44 [34] +7.95 1,454.29 924.24
Toys DJUSTY 1132.94 + .97 164.90 +.09 [11] +35.52 [9] +17.03 [7] +5.29 1,138.97 765.22 22 773.18 773.18 754.02 763.93 + 19.44 (Mil $) April 180,942 191,046 143,802
Waste & Disposal Svcs DJUSPC 291.21 0 –40.89 0 [12] –8.53 [79] –12.31 [62] +7.85 364.49 243.03 15 761.83 761.83 744.49 744.49 – 19.62 Free credit bal. cash accounts
Support Services DJUSIS 668.17 – .79 10.98 –.12 [13] +9.89 [28] +1.67 [23] +18.45 714.65 446.31 8 767.37 773.21 746.35 764.11 + 5.03 (Mil $) April 217,187 226,202 178,523
Leisure Goods DJUSLE 756.71 – 2.54 107.16 –.33 [14] +39.07 [5] +16.50 [8] +6.58 764.86 491.25 1 805.80 805.80 759.08 759.08 – 36.01 Short interest
Technology Hardware & Equip DJUSTQ 2312.07 – 14.32 182.80 –.62 [15] +38.37 [6] +8.59 [19] +22.17 2,385.57 1,580.41 Apr 24 794.85 804.41 780.99 795.09 – 28.89
Durable Hshld Pdts DJUSHD 208.97 – 1.32 –46.54 –.63 [16] –6.60 [68] –18.22 [92] –15.03 266.20 116.20 (Thous. Shs) June 15 14,951,860 15,306,491 15,398,942
17 801.39 825.10 796.95 823.98 – 3.85
Publishing DJUSPB 410.52 – 2.76 –28.58 –.67 [17] +4.54 [36] –6.51 [38] +8.75 469.54 273.74
9 758.06 827.83 750.81 827.83 + 121.82
Short interest ratio
Business Training DJUSBE 120.33 – .96 –29.30 –.79 [18] –13.73 [97] –19.58 [97] –5.37 151.24 78.60 (d) June 15 2.4 2.8 4.7
Financial Administration DJUSFA 637.85 – 6.58 34.33 –1.02 [19] +11.94 [26] +5.69 [21] +22.82 669.17 410.40
3 785.14 785.14 706.01 706.01 – 52.92
General Retailers DJUSGT 1851.83 – 21.25 298.03 –1.13 [20] +22.98 [18] +19.18 [6] +25.53 1,915.09 1,258.95 Mar 27 610.89 758.93 610.89 758.93 + 112.80 (d) For period
20 678.03 769.69 646.13 646.13 – 116.47 r-Revised Source: NYSE. *-Now includes composite trades.
Net Change % Change and Ranking 52 Week
Top 20 Yr Ago Ranked IG-Sym Close Wkly YTD Week Rank Yr Ago Rank YTD Rank 3 Yr High Low 13 852.80 860.03 723.88 762.60 – 139.10
Computer Hardware DJUSCR 4423.93 + 35.86 587.07 +.82 [6] +64.20 [1] +15.30 [10] +29.19 4,579.60 2,591.24 6 886.52 926.14 877.25 901.70 + 61.74
Automobiles DJUSAU 279.71 – 14.53 66.95 –4.94 [106] +57.02 [2] +31.47 [2] +9.41 306.57 134.39 Feb 28 935.91 935.91 839.96 839.96 – 108.78 YEARLY HI/LO BARRON'S GOLD MINING INDEX
Gold Mining DJUSPM 133.35 + 5.07 30.08 +3.96 [1] +47.94 [3] +29.13 [3] +20.89 152.52 87.77 21 960.89 960.89 948.74 948.74 – 6.61 The yearly Barron's Gold Mining Index price; with a
Mining DJUSMG 123.62 + 4.67 26.83 +3.93 [2] +41.86 [4] +27.72 [4] +16.98 141.31 81.60 14 934.97 955.35 934.97 955.35 + 23.52
high/low range based on the weekly close.
Leisure Goods DJUSLE 756.71 – 2.54 107.16 –.33 [14] +39.07 [5] +16.50 [8] +6.58 764.86 491.25 7 940.67 940.67 930.34 931.83 – 6.74
Technology Hardware & Equip DJUSTQ 2312.07 – 14.32 182.80 –.62 [15] +38.37 [6] +8.59 [19] +22.17 2,385.57 1,580.41 Jan 31 929.65 943.03 929.65 938.57 + 6.63 Year High Date Low Date
Software DJUSSW 3705.00 + 8.19 661.30 +.22 [9] +37.06 [7] +21.73 [5] +32.50 3,797.27 2,522.55 24 917.10 931.94 917.10 931.94 + 23.64 2020 686.97 June 25 391.56 Mar 19
Recreational Products DJUSRP 431.23 – 10.77 52.37 –2.44 [36] +36.90 [8] +13.82 [13] +7.95 450.43 216.09
17 879.69 908.30 879.69 908.30 + 34.20 2019 597.01 Dec 26 400.31 Jan 24
Toys DJUSTY 1132.94 + .97 164.90 +.09 [11] +35.52 [9] +17.03 [7] +5.29 1,138.97 765.22
Broadline Retailers DJUSRB 2706.85 + 6.11 686.71 +.23 [8] +35.40 [10] +33.99 [1] +34.20 2,779.72 1,791.13
10 870.03 874.10 868.60 874.10 + 6.66 2018 540.76 Jan 25 382.52 Oct. 25
Semiconductor DJUSSC 4524.95– 113.14 211.50 –2.44 [37] +31.89 [11] +4.90 [22] +18.95 4,782.92 3,082.27 3 875.41 879.17 866.82 867.44 – 8.78 2017 567.38 Feb 16 456.65 Dec 07
Specialty Finance DJUSSP 367.73 – 7.97 38.84 –2.12 [30] +30.27 [12] +11.81 [15] +28.53 384.21 230.56 2019 2016 634.16 Aug 11 245.05 Jan 21
Automobiles & Parts DJUSAP 373.75 – 19.20 39.97 –4.89 [104] +29.19 [13] +11.98 [14] +3.53 416.83 195.90 Dec 27 870.15 876.22 870.15 876.22 – 2.04 2015 557.39 Jan 22 265.74 Dec 17
Software & Computer Svcs DJUSSV 3344.88 – 68.87 426.93 –2.02 [29] +28.60 [14] +14.63 [12] +22.01 3,492.05 2,332.65 20 867.33 878.26 867.33 878.26 + 21.41 2014 815.69 July 17 499.10 Dec 24
Trucking DJUSTK 937.12 – 14.98 82.55 –1.57 [24] +27.22 [15] +9.66 [17] +16.69 974.78 659.48 2013 1035.18 Jan. 10 619.44 June 28
13 851.78 856.85 849.68 856.85 + 1.81
Biotechnology DJUSBT 2385.51 – 62.32 226.28 –2.55 [40] +25.75 [16] +10.48 [16] +7.84 2,447.84 1,749.60 2012 1370.44 Feb 02 963.93 Jul 12
Internet DJUSNS 2083.20– 116.89 160.84 –5.31 [111] +24.31 [17] +8.37 [20] +13.48 2,245.52 1,473.18 2011 1635.01 Apr 07 1179.98 Dec 29
General Retailers DJUSGT 1851.83 – 21.25 298.03 –1.13 [20] +22.98 [18] +19.18 [6] +25.53 1,915.09 1,258.95 NYSE HALF-HOURLY VOLUME 2010 1624.69 Dec 30 1027.10 Feb. 04
Retail DJUSRT 1613.30 – 20.37 219.90 –1.25 [23] +20.85 [19] +15.78 [9] +21.54 1,667.61 1,135.92
Home Improvement Rtlrs DJUSHI 498.46 – 13.41 43.15 –2.62 [45] +19.96 [20] +9.48 [18] +17.09 523.85 298.04 Daily 6/22 6/23 6/24 6/25 6/26
Groups are weighted by capitalization. 52-week highs and lows are based on daily closes. Dec. 31, 1991=100. In the U.S. listings, % vol chg 9:30-10:00 140,621 119,785 134,573 137,095 110,393 SELECTED INITIAL PUBLIC OFFERINGS
column shows the change from previous 65-day moving average. Volume figures do not reflect extended trading hours.
10:00-10:30 54,137 50,800 56,757 65,764 55,799 Initial Most
10:30-11:00 46,680 44,731 58,453 48,130 72,484 Ticker Offer IPO Recent %
AMERICAN DEBT AND DEFICITS 11:00-11:30 37,720 39,231 56,140 38,355 42,982 Code Price Date Price Chg

Latest Preceding Year AgoYear over Year 11:30-12:00 30,033 32,404 65,007 39,074 44,035 Agora API 20.00 6/26 50.50 152.5%
Report Report Report % Chg 12:00-12:30 28,906 28,136 41,558 27,781 33,315 Akouos AKUS 17.00 6/26 22.00 29.4%
12:30-1:00 27,617 25,727 32,763 27,322 27,847 Albertsons ACI 16.00 6/26 15.45 -3.4%
Federal Budget Deficit (bil. $)-a ......................................... 1,068FY'21 1,101FY'20 1,092FY'19 ….
Budget Surplus/Deficit (bil. $)-b, May ............................... –398.82 r-738.02 –207.77 91.95 1:00-1:30 26,545 23,449 33,951 24,790 26,124 Ebang International EBON 5.23 6/26 5.00 -4.4%
Trade Deficit (bil. $, sa)-c, April........................................... –49.41 r-42.34 –49.20 0.43 1:30-2:00 22,432 26,133 31,428 25,170 27,307 Fusion Acquisition FUSEU 10.00 6/26 10.16 1.6%
Treasury Gross Public Debt. (bil. $)-d ............................... 26,237.8 26,144.5 22,025.3 19.13 2:00-2:30 28,875 29,673 33,132 27,312 36,171 Fusion Pharma FUSN 17.00 6/26 17.00 0.0%
Treasury Statutory Debt Limit (bil. $)-d............................. * 21,987.7 …. …. 2:30-3:00 31,020 33,139 33,983 28,741 38,948 Kensington Capital KCACU 10.00 6/26 10.05 0.5%
Consumer Installment Debt (bil. $)-e, April...................... 4,133.3 r4,202.0 4,070.8 1.54 3:00-3:30 41,723 40,678 44,691 50,428 49,547 PolyPid PYPD 16.00 6/26 19.00 18.8%
3:30-4:00 557,174 521,965 478,666 426,323 2,593,754 Brilliant Acquisition BRLIU 10.00 6/24 10.00 0.0%
Sources: a-Office of Management and Budget, b-Monthly Treasury Statement, c-Monthly Commerce Dept. Report, d-Daily Treasury
Statement, e-Monthly Federal Reserve Release.*Statutory debt limit temporarily suspended through July 31, 2021.

PULSE OF THE ECONOMY

Only includes new reports. Latest Latest Preceding Year YroYr Latest Latest Preceding Year YroYr
Economic Growth and Investment Date Data Period Ago % Chg Date Data Period Ago % Chg

Gross domestic product ................................................................ 1st Qtr –5.0 2.1 3.1 0.30 Gasoline, (thous. bbls) .................................................................. June 19 255,322 256,995 232,225 9.95
Personal income, (bil. $)................................................................ May 19,839.3 r20,713.5 18,546.5 6.97 Orders
Personal Savings Rate, St.Louis Fed .............................................. May 23.2 r32.2 7.8 197.44
All fixed investment, (bil. $)............................................................ 1st Qtr 3,315.2 3,325.9 3,349.4 –1.02 Durable goods, (bil. $) ................................................................... May 194.4 r167.8 241.0 –19.34
Non–residential investment, (bil. $) ............................................... 1st Qtr 2,681.2 2,725.7 2,765.6 –3.05 Trade
Residential investment, (bil. $) ...................................................... 1st Qtr 628.9 603.1 591.4 6.34
Production Exports, (bil. $).............................................................................. 1st Qtr 2,477.2 2,536.4 2,554.4 –3.02
Imports, (bil. $) ............................................................................. 1st Qtr 3,293.8 3,437.1 3,498.3 –5.85
Electric power, (mil. kw hrs) (EEI) .................................................. June 20 77,918 80,252 81,189 –4.03
Petroleum, related capacity, % ...................................................... June 19 74.6 73.8 94.2 –20.81 Inflation
Rotary rigs running, U.S. & Can., (Hughes) .................................... June 26 278 283 1,091 –74.52 JOC–ECRI Industrial Price Index f .................................................. June 26 77.50 78.47 91.26 –15.08
Steel, (thous. tons) ........................................................................ June 20 1,224 1,210 1,873 –34.65 Gross domestic product deflator.................................................... 1st Qtr 1.4 1.3 1.1 ….
Steel, rated capacity, % (AISI)........................................................ June 20 54.6 54.0 80.5 –32.17
Consumption and Distribution Employment

Consumer spending, (bil. $) .......................................................... May 13,162.6 r12,168.2 14,516.0 –9.32 Initial jobless claims (thous.) ........................................................ June 20 1,480 r1,540 224 560.71
Durable goods (bil. $) .................................................................... May 198.5 r190.1 254.6 –22.03 Continuing claims (mil.) ................................................................ June 13 19.522 r20.289 1.692 1,053.78
Instinet Research Redbook Avg. (monthly %) ................................ June 20 –1.36 –1.44 –3.78 …. Construction
Baltic Dry Index ............................................................................. June 26 1,749 1,527 1,354 29.17
New home sales, (thous. units)...................................................... May 676 r580 600 12.67 No Activity for this Week
Personal consumption, (bil. $)....................................................... 1st Qtr 13,179.0 13,413.8 13,103.3 0.58 Other Indicators
Inventories
Citi Research Panic–Euphoria Reading .......................................... June 26 0.51 r0.51 0.02 ….
Domestic crude oil, (thous. bbls) Comm. (Excl. Lease Stck) ........... June 19 540,722 539,280 469,576 15.15 a-1997 equals 100. b-1982-84 equals 100. c-1982 equals 100. f-1996 equals 100. h-benchmark revision, 2016 equals 100. r-Revised.
June 29, 2020 BARRON’S M37

Market Laboratory
WEEK’S NEW HIGHS AND LOWS WEEK’S NEW HIGHS AND LOWS WEEK’S NEW HIGHS AND LOWS WEEK’S NEW HIGHS AND LOWS
Weekly Comp. NYSE NYSE Amer Nasdaq CorceptTherap IdexxLab OricPharm ViemedHealthcare BlkRkSci&Tech FortunaSilver RingCentral TrineAcqnWt ChurchillCapIII LegacyAcqnUn SocCapHedII A Winnebago
New Highs 130 19 320 CoStar IEC Elec OrisunAcqn VOXX Intl BlkRkSci&TchII GigCapital3Un SAP TruistFinlPfdO ChurchCapIII Wt LeoHoldings SocCapHedII Wt Yeti
CoupaSoftware IGM Biosci OrisunAcqnRt Wingstop Box GoDaddy SCVX Twilio ClearwayEnergyC LiveOakAcqnUn SocialCapHedIII Youdao
New Lows 25 4 57 ClearwayEnergyA LumberLiqu
CrescentAcqn Immunomedics OutlookTherapWt WinsFinance BrightSphere GoldFields SailPointTechs Vapotherm
CrescentAcqn Immunovant Overstock WisdTrChinaxSOE NEW LOWS
NYSE AMER CrescentAcqnWt Incyte PapaJohn's WisdTrCloud
CampingWorld GrafIndlWt SandstormGold VeevaSystems
AmericanRenal DiamondSShip GuangshenRail SocCapHedII Wt
Carvana HubSpot Sea Vipshop
NEW HIGHS CRISPR Therap Innoviva PassageBio Wix.com BostonSciPfdA EmpireStateRealty LendingClub TailoredBrands
ChannelAdvisor InspireMedical ServiceNow VistaOutdoor Briggs&Stratton FortressValueA NACCO Inds TrebiaAcqn
AlioGold EMX Royalty NavideaBiopharm PacGE pfE CrowdStrike InovioPharma PayPal WorkhorseGroup Chegg InterPrivate Shift4Paymts VivintSmartHmWt CC NeubergerI Wt FortressValueWt PanhandleOil&Gas Valhi
ChardanHlthcr2 EllomayCapital NorthernDynasty PacGE pfI CryoPort InsAcqnUn Peloton XP Chewy Invitae Shopify Wayfair Cato GasLog ScorpioTankersNts VistraEnergyWt
ChardanHlthcr2 Envela OncoCyte PowerREIT CryoPortWt InsAcquisition PliantTherap Y-mAbsTherap ChunghwaTel Kadmon Snap WescoPfdA CheetahMobile GenworthFin SelectQuote WescoPfdA
ChardanHlthcr2Wt EquinoxGold PacGE pfA SierraMetals Cytokinetics IntelliaTherap PlugPower Yandex ChurchillCapII LGLSysAcqnWt SocialCapHedII WestPharmSvcs CorEnergyInfr
ComstockMining MilestoneSci PacGE pfB DadaNexus InvscDWAHlthcrMom PolyPid YunhongIntl
NEW LOWS DarioHealthWt InvscDWATechMom Pool YunhongIntlRt
ChardanHlthcr2 ChardanHlthcr2 EmersonRadio Kaleyra Datadog InvscGoldenDragon PrincipalHlthInnov ZaiLab
Descartes InvscNasdInt ProfDiversity ZentalisPharm HIGH-YIELD BONDS
NASDAQ DFP Healthcare InvscQQQI ProShUltNdBio ZoomVideo Friday, June 26, 2020
NEW LOWS
NEW HIGHS Ten most active fixed-coupon high-yield, or "junk", corporate bonds
9F FedNat LyraTherap StateAutoFin LAST LAST **EST EST VOL
21 Vianet DigitalTurbine iShESGAdvMSCI ProtagonistTherap
AcordaTherap FusionPharm MatthewsIntl Synalloy
A-MarkPrecMet DocuSign iShNasdaqBiotech PuhuiWealth COMPANY (TICKER) COUPON MATURITY PRICE YIELD SPREAD UST (000's)
AdvEmissions Genetron Momo T-MobileUSRt
ACADIA Pharm DyadicInt ItamarMedical PurpleInnovation
AestheticMed GlbXS&PCathDvxUS NewbornAcqnRt TectonicFinPfdB Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Ass (UAL) 6.500 Jun 20, 2027 n.a. n.a. n.a. 10 852,496
AcamarPtrsWt DynavaxTechs JohnsonOutdoors Quidel
Agora GlobalIndemnity OfficePropNts2050 Torm Colt Merger Sub (ERI) 6.250 Jul 01, 2025 99.625 6.339 605 5 690,002
AcceleronPharma EastStoneAcqn Kamada RealPage
Akouos GlobusMaritime PolyPid ToughBuiltInds 8.125 Jul 01, 2027 97.750 8.560 n.a. 10 530,160
ActivisionBliz EastStoneAcqn KerosTherap Redfin Colt Merger Sub (ERI)
AyalaPharm GreenVisionAcqnRt Progenity TriumphBncpPfdC
AdaptHealth EbangIntl KingsoftCloud RelmadaTherap Dish Dbs (DISH) 7.375 Jul 01, 2028 100.125 7.345 670 10 526,057
BrilliantAcqn HalladorEnergy ProPhaseLabs USWellServicesWt
AdestoTech EditasMedicine KiniksaPharm Repay American Airlines (AAL) 11.750 Jul 15, 2025 95.188 13.079 1279 5 469,162
CalliditasTherap HothTherap ProShUltShNdBtech Vaccinex
ADialPharmWt EducDev Kirkland's Replimune
CastorMaritime iShESGAdvMSCI ProShUltShtQQQ VarexImaging Commscope (COMM) 7.125 Jul 01, 2028 100.000 7.125 649 10 396,061
Adobe ElectronicArts KitovPharma ResearchFrontiers
CSX-LinksCrudeOil iShESGAdvUSA ProvidentBncp Vivus Colt Merger Sub (ERI) 5.750 Jul 01, 2025 100.438 5.626 534 5 393,970
AdverumBiotech Escalade KitovPharmaWt RhythmPharm
EbangIntl LionGroup Q&K Intl VS3XInvrsGold Carnival (CCL) 11.500 Apr 01, 2023 105.750 8.887 870 3 337,344
AdvShDW FSM AC EssaPharma LandcadiaII RothCHAcquisitionI
ElmiraSvgsBank LionGroupWt ReconTech YatraOnline
AdvShDW FSM US Etsy LandcadiaIIWt Sanofi Delta Air Lines (DAL) 7.000 May 01, 2025 103.500 6.149 586 5 323,945
EvofemBiosci LuckinCoffee SiebertFin Yunji
AegleaBioTherap EverQuote LegendBiotech SareptaTherap Teck Resources Ltd (TCKBCN) 3.900 Jul 15, 2030 100.040 3.895 326 10 307,712
Exagen
Affimed EvokePharma LFCapAcqnA SatsumaPharm
AGBAAcquisition eXpWorld LHC Group Schrodinger Volume represents total volume for the market; price/yield data are for trades of $100,000 and greater.* Denotes a security whose last round
AGM Facebook LifeSciAcqnUn SeattleGenetics
NYSE lot trade did not take place on the last business day prior to publication. ** Estimated spreads, in basis points (100 basis points is one percent-
Agora FennecPharm LimelightNetworks SGOCO Group age point), over the 2, 5, 10 or 30-year hot run Treasury note/bond. 2-year: 0.125 05/22; 5-year: 0.250 05/25; 10-year: 0.625 05/30;
NEW HIGHS 30-year: 2.000 02/50.†Comparable U.S. Treasury issue.
Akouos FidelityNasdComp LiquidiaTechs SimulationsPlus ADC Therap CollierCreek MaidenHldgsPfdA SocialCapHedIII
AkoustisTechs FinTechAcqnIII LivongoHealth SinoGlobalShip ASA Gold EngGr-Cmg C Masco SocialCapHedWt Source: MarketAxess Corporate BondTicker - www.bondticker.com
Alarm.com FinTechIIIWt LogitechIntl SiTime Azek CoreLogic McCormick SpartanEnergy
AlaskaCommSys FirstCapital LoncarCancerETF SoFiGigEcon Accenture Corts Aon KTN McCormickVtg SpartanEnergy
AlnylamPharm Five9 LoncarChinaBio SoftwareAcqn AlamosGold DRDGOLD Medifast Spotify CORPORATE BONDS
Altimmune FivePrimeTherap LongevityAcqnWt SouthMtnA Alteryx DanaherPfdB MyovantSciences Square For the week ending Friday, June 26, 2020
Amazon.com FormaTherap Macom Tech SperoTherap Ameresco dMY TechWt NIO SwitchbackEner Forty most active fixed-coupon corporate bonds
AMCIAcquisition ForwardIndustries Macrogenics Sphere3D AmerEqInvLifePfB DrReddy'sLab Nautilus TAL Education LAST LAST **EST EST $ VOL
AmicusTherap FreedomHolding ManhattanAssoc Splunk AmerFinDeb2060 DynagasLNG NYTimes A TeklaLifeSci COMPANY (TICKER) COUPON MATURITY PRICE YIELD SPREAD UST† (000's)
AmplifyOnlineRet FT AltAbsRet MannKind SportsmansWrhs AngloGoldAsh Dynatrace NovoNordisk TeladocHealth
AmplitudeHlthA FT CloudComp MarketAxess SPS Commerce Pacific Gas And Electric Co (PCG) 3.500 Aug 01, 2050 96.944 3.668 231 30 417,177
AptivPfdA EPAM Systems OaktreeAcqn TempltnDrgn
AmplitudeHlthWt FT DJ IntlInt MatchGroup StaarSurgical
AssdBancPfdF FactSet OaktreeAcqn ThermoFisherSci
Unicredit Spa (UCGIM) 5.459 Jun 30, 2035 99.642 5.506 487 10 367,732
AndinaAcqnIII FT IPOXEurEq MEI Pharma SVMK Upjohn (UPJOHN) 3.850 Jun 22, 2040 107.096 3.351 199 30 359,378
Avalara Fastly Ooma TortoiseAcqn
Apple FT Nasd100 EW MercadoLibre Synopsys Cvs Health (CVS) 5.050 Mar 25, 2048 131.108 3.308 195 30 358,532
B.Riley II Wt FiverrIntl PivotalInvtII TortoiseAcqn
Arcimoto FT Nasd100Tech MeridianBiosci T-MobileUS Pacific Gas And Electric Co (PCG) 3.300 Aug 01, 2040 97.820 3.451 209 30 286,911
B.Riley II A FlyingEagleAcqn PivotalInvII TortoiseAcqnWt
ARYA Sciences FT SSI Strat MersanaTherap T-MobileUSRt AT&T (T) 3.650 Jun 01, 2051 103.916 3.441 208 30 280,623
B.Riley II FortressValueAcqn RanpakWt TrebiaAcqn
ARYA Sciences FTIntlEquOpps MetenEdtechX Wt TenzingAcqn Pg&E (PCG) 5.250 Jul 01, 2030 100.625 5.153 451 10 276,986
BigLots FortressValueA ReplayAcqnUn TrineAcqnUn
AscendisPharma FusionPharm Microsoft TenzingAcqnWt 4.000 Jun 22, 2050 107.514 3.585 222 30 276,579
BlkRkIncmTr FortressValueWt ResMed TrineAcqn Upjohn (UPJOHN)
ASML Futu MicroVision Teradyne
Bp Capital Markets (BPLN) 4.875 Mar 22, 2049 103.000 0.000 n.a. 30 273,340
AstaFunding FuweiFilms MICT ThunderBridgeII
Atomera GDS Holdings MomentaPharm TigerChinaUS
Amazon.Com (AMZN) 2.700 Jun 03, 2060 101.859 2.624 126 30 262,704
AtossaTherap Genmab MonocleAcqnWt TottenhamAcqnIRt DAILY CBOE VIX INDEX Pacific Gas And Electric Co (PCG) 2.500 Feb 01, 2031 97.733 2.748 211 10 253,959
AuburnNatlBncp GenMarkDiagn MonocleAcquisition TractorSupply Barclays (BACR) 2.645 Jun 24, 2031 99.495 2.703 207 10 252,135
Autodesk GlbX Robotics&AI MTBC TradeDesk Week Dupont De Nemours (DD) 2.169 May 01, 2023 101.959 1.461 128 3 241,057
AvidityBio GlbX ThemGrwth NantHealth TranslateBio Ended Open High Low Last Chg. Waste Mgmt* (WM) 2.950 Jun 15, 2024 104.875 1.650 131 5 236,787
Bandwidth GlbXAI&Tech NantKwest TravelCenters T-Mobile Usa (TMUS) 3.875 Apr 15, 2030 111.123 2.554 191 10 235,042
BioXcelTherap GlbXCloudComp NasdaqNexEcon Trevena
2020 Pacific Gas And Electric Co (PCG) 2.100 Aug 01, 2027 98.722 2.296 n.a. 10 233,242
BlackLine GlbXGen&Biotech NeoleukinTherap TridentAcqns June 26 33.01 36.25 31.04 34.73 + 2.51 Abbott Laboratories (ABT) 1.400 Jun 30, 2030 99.480 1.456 80 10 225,535
BlinkChargingWt GlbXS&PCathDvxUS Neonode TrilliumTherap 25 36.59 36.93 31.59 32.22 – 1.62 Aercap Ireland Capital Dac (AER) 4.500 Sep 15, 2023 99.464 4.685 450 3 225,406
BlueknightEnPtrsA GlbXSocialMedia NetEase Trupanion T-Mobile Usa (TMUS) 4.500 Apr 15, 2050 117.231 3.549 218 30 222,267
BOS BetterOnln GlbXVideoGames NetfinAcqnA TurtleBeach 24 31.05 37.12 30.95 33.84 + 2.47
Bp Capital Markets (BPLN) 4.375 Jun 22, 2049 100.610 0.000 n.a. 30 221,531
BrainstormCell GooseheadIns Netflix TwistBiosci 23 31.71 31.71 29.26 31.37 – 0.40 Waste Mgmt (WM) 3.450 Jun 15, 2029 103.625 2.975 234 10 209,830
BrilliantAcqn GoresIV A Neurocrine UltragenyxPharm
Broadwind GoresIV Wt NewbornAcqn UnionAcqnII
22 35.22 35.39 31.64 31.77 – 3.35 Goldman Sachs Group (GS) 3.500 Apr 01, 2025 109.522 1.388 110 5 208,585
Upjohn (UPJOHN) 2.700 Jun 22, 2030 102.555 2.404 177 10 202,516
BurningRockBio GRAVITY NICE UnitedTherap
Cvs Health (CVS) 4.300 Mar 25, 2028 116.514 1.921 126 10 198,924
CadenceDesign
CardiffOncology
GreenVisionAcqnWt NikolaWt
GriffinIndlRealty Novavax
VanEckBiotech
VanEckRetail Coming U.S. Auctions Amazon.Com (AMZN) 2.500 Jun 03, 2050 101.253 2.440 108 30 195,324
CelsiusHldg GX Acqn A NovusCapital VanEckVideoGam Yields (%) Microsoft (MSFT) 2.525 Jun 01, 2050 103.259 2.370 100 30 194,827
Cerence GXAcquisitionWt NuanceComms VangdRuss1000Grw Day When Last Merck Inc (MRK) 2.450 Jun 24, 2050 100.482 2.427 107 30 191,071
Cerus HainCelestial NVIDIA VangdShtTmInfltn Issued* Auction Comcast (CMCSA) 3.700 Apr 15, 2024 110.459 0.830 53 5 188,163
CidaraTherap HalozymeTherap OceanBioChem VaronisSystems M Hsbc Holdings (HSBC) 4.950 Mar 31, 2030 120.233 2.588 195 10 180,421
CitiusPharm HennessyCapIV OconeeFedFinl Vaxart $54.0 bil 3-month 0.155 0.155 Merck Inc (MRK) 2.350 Jun 24, 2040 101.333 2.265 90 30 178,892
ClearBrLCGrw Hologic OcularTherapeutix Vaxcyte $51.0 bil 6-month 0.173 0.175 Canadian Natural Resources Ltd* (CNQCN) 2.050 Jul 15, 2025 99.813 2.089 178 5 176,299
CollectiveGrowth HorizonTherap OfficePropNts2050 VBI Vaccines Pacific Gas And Electric Co (PCG) 3.300 Dec 01, 2027 109.000 1.949 130 10 175,398
ConyersParkII Wt IAC/InterActive Okta Veritone * As of Friday afternoon.
T-Mobile Usa (TMUS) 2.550 Feb 15, 2031 100.216 2.526 189 10 171,839
ConyersParkIIAcqn Ideanomics OneSpan VertxPharm AT&T (T) 2.750 Jun 01, 2031 103.220 2.406 177 10 166,912
Altria Group (MO) 4.800 Feb 14, 2029 116.475 2.598 196 10 165,206
Ge Capital International Funding Unlimited Co (GE) 4.418 Nov 15, 2035 100.765 4.349 371 10 163,415
CONFERENCE CALL CALENDAR Unitedhealth Group (UNH) 2.900 May 15, 2050 104.765 2.665 130 30 162,960
Earnings - Related Boeing Co (BA) 5.805 May 01, 2050 116.918 4.732 337 30 162,905
Company Date Time Earnings-Related Period
Pg&E (PCG) 5.000 Jul 01, 2028 99.770 5.035 440 10 161,025
Boeing Co (BA) 5.150 May 01, 2030 111.025 3.769 313 10 159,830
Conagra Brands June 30 9:30AM Q4
FedEx June 30 5:00PM Q4 Volume represents total volume for each issue; price/yield data are for trades of $1 million and greater.* Denotes a security whose last round
General Mills July 1 8:30AM Q4 lot trade did not take place on the last business day prior to publication. ** Estimated spreads, in basis points (100 basis points is one
Micron Technology June 29 4:30PM Q3 percentage point), over the 2, 5, 10 or 30-year hot run Treasury note/bond. 2-year: 0.125 05/22; 5-year: 0.250 05/25; 10-year: 0.625
05/30; 30-year: 2.000 02/50.†Comparable U.S. Treasury issue.
Source: CCBN, www.ccbn.com
Source: MarketAxess Corporate BondTicker - www.bondticker.com
M38 BARRON’S June 29, 2020

Market Laboratory
MONEY RATES CBOE PUT/CALL RATIO vs S&P 100 FOREIGN EXCHANGE
Latest Prev. Yr Ago Readings in the CBOE equity put-call ratio of 60:100 Friday, June 26, 2020 Foreign Foreign U.S. $ in U.S. $ in
Week Week and in the S&P 100 of 125:100 are considered bullish, The New York foreign exchange mid-range rates are quoted at 5 Currency Currency Foreign Foreign
p.m. Eastern time by Tullett Prebon. Retail transactions pro- in U.S.$ in U.S.$ Currency Currency
Discount Rate (NY) 0.25 0.25 3.00 for instance. Bearish signals flash when the equity Country Fri. Last Fri. Fri. Last Fri.
put-call level reaches the vicinity of 30:100 and the vide fewer units of foreign currency per dollar.
Prime Rate (base) 3.25 3.25 5.50 index ratio hits 75:100. Foreign Foreign U.S. $ in U.S. $ in South Korea (Won) .0008306 .0008251 1203.89 1211.99
Currency Currency Foreign Foreign
Fed Funds Rate in U.S.$ in U.S.$ Currency Currency Sri Lanka (Rupee) .0054 .0054 186.1200 186.6500
Avg effective offer 0.08 0.08 2.40 S&P 100 CBOE Country Fri. Last Fri. Fri. Last Fri. Sweden (Krona) .1071 .1055 9.3355 9.4742
Avg weekly auction-c 0.08 0.08 2.37 Switzerland (Franc) 1.0547 1.0500 .9481 .9524
4.95 1.15 Argentina (Peso)-y .0143 .0143 70.1338 69.7314 Taiwan (Dollar) .03386 .03378 29.537 29.601
T-Bills Rate CBOE Australia (Dollar) .6865 .6835 1.4567 1.4631 Thailand (Baht) .03235 .03224 30.910 31.020
S&P 100

s
13 weeks, Coupon Yield 0.157 0.178 2.131 s
Bahrain (Dinar) 2.6483 2.6524 .3776 .3770 Turkey (New Lira)-d .1459 .1459 6.8548 6.8529
13 weeks, Auction Rate 0.155 0.175 2.085 4.10 1.00 Brazil (Real) .1823 .1882 5.4847 5.3133 .0374 .0375 26.7500 26.6500
Ukraine (Hryvnia)
26 weeks, Coupon Yield 0.178 0.188 2.085 Bulgaria (Lev) .5739 .5717 1.7426 1.7491 U.K. (Pound) 1.2336 1.2348 .8106 .8098
26 weeks, Auction Rate 0.175 0.185 2.030 Canada (Dollar) .7305 .7347 1.3690 1.3611 Uruguay (Peso) …… .. …… .. …… .. …… ..
Avg weekly auction-c 0.17 0.17 2.13 Chile (Peso) .001217 .001224 821.50 817.30 Financial .02376 .02341 42.085 42.725
3.25 0.85 .1413 .1414 7.0784 7.0723 ----
Broker Call Rate China (Renminbi)
2.00 2.00 4.25 Euro 1.1221 1.1179 .8912 .8945
Colombia (Peso) .0002681 .0002668 3729.26 3748.00
Bankers Acceptances Croatia (Kuna) .1484340 .1476778 6.74 6.77 Special Drawing Rights (SDR) are based on exchange rates for the U.S.,
1 month 0.13 0.13 2.43 2.40 0.70 Czech. Rep. (Koruna) …… .. …… .. …… .. …… .. British, and Japanese currencies. Source: International Monetary Fund.
a-Russian Central Bank rate. b-government rate. d-rebased as of Jan. 1,
2 months 0.15 0.15 2.35 Commercial rate .04192 .04192 23.854 23.853 2005. y-floating rate.
3 months 0.25 0.20 2.30 Denmark (Krone) .1505 .1499 6.6440 6.6707
6 months 0.30 0.30 2.20 1.55 0.55 EcuadorUS Dollar 1.0000 1.0000 1.0000 1.0000
Egypt (Pound)-y .0619 .0618 16.1615 16.1786
Euro Libor Rate Hong Kong (Dollar) .1290 .1290 7.7505 7.7505
1 month -0.484 -0.487 -0.426 Hungary (Forint) .003157 .003231 316.76 309.51
3 months -0.392 -0.415 -0.391
0.70 0.40
J A S O N D J F M A M J Iceland (Krona) .007221 .007231 138.48 138.29 ARMS INDEX
6 months -0.325 -0.300 -0.386 India (Rupee) .01322 .01311 75.620 76.295
12 months -0.218 -0.190 -0.303 Source: CBOE
Indonesia (Rupiah) .0000703 .0000709 14220 14100
The Arms index, also known as the short term trading index, is a number
Israel (Shekel) .2915 .2897 3.4307 3.4524
Libor Interbank Rate derived by dividing one quotient into another quotient. The numerator in
Japan (Yen) .009327 .009356 107.22 106.88
1 month 0.18 0.19 2.40 the index is the number of advancing stocks divided by the number of
3 months 0.31 0.31 2.32 INVESTOR SENTIMENT READINGS Kazakhstan (Tenge) .002486 .002480 402.32 403.26
declining stocks. As of 3/14/11, the denominator in the index is now the
Kuwait (Dinar) 3.2486 3.2480 .3078 .3079
6 months 0.36 0.41 2.20 High bullish readings in the Consensus stock index or in the .1252 .1252 7.9880 7.9880 compositevolumeofadvancingstocksdividedbythecompositevolumeof
Macau (Pataca)
12 months 0.57 0.58 2.18 Market Vane stock index usually are signs of Market tops; low Malaysia (Ringgit)-b .2330 .2343 4.2915 4.2675 declining stocks.
Foreign Prime Rates ones, market bottoms. Mexico (Peso) …… .. …… .. …… .. …… .. Daily 6/22 6/23 6/24 6/25 6/26
Last 2 Weeks 3 Weeks
Canada 2.45 2.45 3.95 Floating rate .0434 .0442 23.0572 22.6348
Week Ago Ago
Germany 0.00 0.00 0.00 New Zealand (Dollar) .6424 .6408 1.5567 1.5605 NYSE .95 1.17 1.38 .56 1.33
Japan 1.475 1.475 1.475 Consensus Index Norway (Krone) .1029 .1037 9.7220 9.6451 NYSE American .35 .54 .76 .35 .18
Switzerland 0.50 0.50 0.50 Consensus Bullish Sentiment 53% 52% 51% Oman (Rial) 2.5973 2.5976 .3850 .3850 Nasdaq .77 .61 .39 .90 .86
Britain 0.10 0.10 0.75 Pakistan (Rupee) .00597 .00599 167.600 166.900
Source: Consensus Inc., P.O. Box 520526,Independence, Mo.
Historical data available at (816) 373-3700. editor@consensus-inc.com Philippines (Peso) .02001 .01997 49.979 50.067
Other Money Rates Poland (Zloty) .2510 .2504 3.9836 3.9936
Fannie Mae Home Loan: AAII Index Qatar (Rial) .2736 .2727 3.6544 3.6671 BARRON'S GOLD MINING INDEX
30-Year Fixed Conv 2.17 2.26 3.14 Bullish 24.1% 24.4% 34.3% Russia (Ruble)-a .01433 .01440 69.780 69.424
Bearish 48.9 47.8 38.1 12-Month Year Week %
Bank money market-z 0.12 0.12 0.24 Saudi Arabia (Riyal) .2665 .2665 3.7517 3.7520
Interest Checking-z 0.05 0.05 0.07 Neutral 27.0 27.8 27.7 High Low 6/25 6/18 Ago Chg.
Singapore (Dollar) .7177 .7156 1.3934 1.3974
6-Month Certif-z 0.25 0.25 0.65 Source: American Association of Individual Investors, South Africa (Rand) .0578 .0577 17.2933 17.3263 686.97 391.56 Gold mining 686.97 632.44 497.91 +8.62
12-Month Certif-z 0.40 0.40 0.99 625 N. Michigan Ave., Chicago, Ill. 60611 (312) 280-0170.
30 Month Accounts-z 0.35 0.35 0.98 Market Vane
5-Year Certificates-z 0.58 0.58 1.35 Bullish Consensus 39% 39% 40%
U.S. Savings EE Bonds: FEDERAL RESERVE DATA BANK GOLD & SILVER PRICES
Source: Market Vane, P.O. Box 90490,
Long-Term (5yrs+) 0.10 0.10 0.10 Pasadena, CA 91109 (626) 395-7436. Prev. Year Year
c-Annualized yields, adjusted for constant maturity, reported by TIM Group Market Sentiment Member Bank Latest Week Ago Handy & Harman 6/26 6/19 Ago
the Federal Reserve on a weekly average basis. Reserve Chgs. (Mil. $) Week Change Change
Indicator 49.6% 56.6% 41.4% Gold, troy ounce 1747.60 1734.75 1409.00
Sources: Tullett Prebon information, Ltd. Source: TIM Group, 3 Columbus Circle, Suite 1592 One week ended Jun 24: Silver, troy ounce 17.80 17.73 15.32
Factset. z-Bankrate.com.
New York, NY 10019 (844) 207-1445. timsupport@timgroup.com U.S. Gov't securities: Base for pricing gold and silver contents of shipments and for
Bought outright 6,115,130 + 36,505 +2,462,634 making refining settlement.
Price Premium Premium
Federal agency secur: Coins $ %
WEEKLY BOND STATISTICS Bought outright 2,347 .... ....
Reserve bank credit: Krugerrand 1841.11 70.81 4.00
Last Prev. Yr Ago Last Prev. Yr Ago Primary Credit 7,123 -816 + 7,101
Maple Leaf 1858.82 88.52 5.00
Week Week Week Week Week Week Mexican Peso 2142.45 8.00 0.37
Secondary Credit .... .... ....
Austria Crown 1738.25 3.00 0.17
New Offerings, (mil $) (v) Bond Buyer 20 Bond Index (Index of yields of 20 Seasonal Credit 12 .... -66
Austria Phil 1858.82 88.52 5.00
Corporate (z) 14,606 r45,368 12,617 general obligation municipal bonds.) Float -183 + 46 -19 U.S. Eagles 1858.82 88.52 5.00
Municipal (z) 6,572 r16,996 9,609 2.21 2.21
3.50 Other F.R. Assets 35,294 + 1,741 + 10,572
Premium is the amount over the value of the gold content in the
Best Grade Bonds-y (Barron's index of 10 high-grade Total Fed Credit # 7,009,664 -75,503 +3,214,091 coin. Source Manfra, Tordella & Brookes, Inc.
Bond Buyer Municipal Bond Index (Index of 40 Gold stock 11,041 .... .... Bullion spot gold price 1770.30
corporate bonds.) actively-traded tax-exempt bonds; component issues are SDR Certif. Accounts 5,200 .... ....
1.90 1.86 3.01 changed regularly to keep the index a current picture of the Treas. Curr. Outst. 50,387 + 14 + 462
Interm-Grade Bonds-y (Barron's index of 10 market. Source: The Bond Buyer Total 7,097,213 -75,492 +3,214,443 GOLD PERFORMANCE
medium-grade corporate bonds.) 3.63 3.63 3.70 Currency in circ 1,961,296 + 4,369 + 223,081
3.53 3.55 3.78 Stock/Bond Yield Gap-s (Difference between yield on Treas. Cash Hldgs 80 -33 -115 Golden Spike: As Covid-19 returned to
highest-grade corporate bonds and yield on stocks on the DJIA.) Treas. Fed Deposits 1,623,942 + 63,092 +1,375,640 scare equity markets, gold’s price rose
Confidence Index (High-grade index divided by inter- Foreign Fed Deposits 16,227 -23 + 10,974
mediate-grade index; decline in latter vs. former generally +.55 +.51 –.79 Other Fed Deposits 190,997 + 21,621 + 128,277 0.7% for the week—to $1,748 an ounce.
indicates rising confidence, pointing to higher stocks.) Yield on DJ Equal Weight US Corp Bond Idx: Other FR liab/cap 48,150 -2,725 + 3,211
53.9 52.5 79.6 Corp Bonds, (y) 2.50 2.44 3.22 Total factors 4,178,457 + 84,243 +1,800,424 50
Barron's Gold Mining Index (686.97)
Other Confidence Indicators: v-Week ended Thursday. y-Yield to maturity, week ended Thursday.
Reserves F.R. banks 2,918,756 -159,735 +1,414,019

s
z-Source: Refinitiv.*Barclays T-Bond Index discontinued by firm. 3,429,880 + 10,560 -37,466 40
Bloomberg Barclays US Long Treasury*(This Fgn hold U.S. debt
index measures the performance of fixed-rate, nominal US Reserve Aggr (Mil. $ sa) Latest Prev. Wk. % Year 30
Treasuries with at least 10 years to maturity. Jan. 1, 1973=100.) MONEY SUPPLY Two Wks Ended Jun 17: Wk. Week Chg. Ago
4903.48 4813.19 3861.70 Total Reserves: 3,130,360 3,252,803 -3.76 1,640,670 20
Money Supply (Bil. $) Latest Prev. Yr. Ago YOY % Chg
Nonborrowed Res # 3,032,357 3,146,929 -3.64 1,640,610
Bloomberg Barclays US Credit (This index Week ended June 15 Required Res ## 0 0 .... 189,633 10
includes all publicly issued, fixed-rate, non-convertible, invest- M1 (seas. adjusted) 5,225.6 r5,131.3 3,828.7 36.48 Excess Reserves: 3,130,360 3,252,803 -3.76 1,451,037
ment-grade, dollar-denominated, SEC-registered corporate M1 (not adjusted) 5,073.3 r4,995.0 3,748.5 35.34
M2 (seas. adjusted) Borrowed Reserves 98,003 105,874 -7.43 61 0
debt. All issues have at least one year to maturity and outstand- 18,329.0 r18,248.7 14,753.9 24.23
M2 (not adjusted) 18,318.1 r18,226.0 14,775.8 23.97 Free Reserves ### 3,032,357 3,146,929 -3.64 1,450,976 s
ing par value of at least $250 million. Jan. 1, 1973=0.) (v) Week ended June 17 Monetary Base 5,085,807 5,199,813 -2.19 3,314,624
Handy & Harman Gold Price
-10
3231.71 3235.66 2959.84 M1 Mult. Replacement (St. Louis Fed) 0.998 r0.982 1.131 -11.76 # Fed supply of permanent reserves provided.
Ryan Labs Treasury Index (Index of total return from Monthly Money Supply ## Demand for reserves to back deposits.
### Free reserves equal excess reserves minus discount window bor-
-20
active Treasury notes and bonds. Dec. 31, 1996=100.) Month ended May rowings other than extended credit. Free reserves are shorthand method J A S O N D J F M A M J
M1 (seas. adjusted) 5,062.8 4,819.2 3,793.3 33.47 of determining the degree of ease of Fed policy, or when they are negative
334.32 333.15 292.80 M2 (seas. adjusted) r18,044.1 r17,177.0 14,613.5 23.48 net borrowed reserves, tightness.
June 29, 2020 BARRON’S M39

Market Laboratory
Top 5 Insider Purchases by Company in 2020 WEEK'S DIVIDEND PAYMENT WEEK'S EX-DIVIDEND DATES
Number of Number of Avg.
Company Symbol Insiders Shares $ Value Price This list includes payouts on common stocks. This list includes payouts on common stocks.
York Water ...................................................... YORW 16 813 35,786 $ 44.02 NYSE NYSE
Simply Good Foods ....................................... SMPL 14 339,012 6,409,391 $ 18.91 Horace Mann Educators .30 McCormick & Co .62
Century Bancorp ............................................ CNBKA 13 20,865 1,536,645 $ 73.65
Monday Huntsman .162
Genuine Parts
Greif A
.79
.44
Tuesday ESCO Technologies
Genl Dynamics
.08
1.10 McCormick Vtg .62
(June 29) (June 30)
Darden Restaurants ....................................... DRI 13 79,308 4,714,878 $ 59.45 American Intl Group .32
Intercontinental Exch .30 Greif B .66
Air Products & Chem 1.34
Glatfelter .135 Friday
Knoll .04 H & R Block .26 Huaneng Power ADR .765
Bunge ............................................................. BG 11 227,930 9,983,125 $ 43.80 Goldman Sachs 1.25
Leidos Holdings .34 Hewlett Packard Ent .12 Cardinal Health .486 Itau Unibanco Holding .003
(July 3)
Graham Corp .11 Encompass Health .28 NONE
M & T Bank 1.10 HP .176 Keurig Dr Pepper .15
Top 5 Insider Sales by Company in 2020 Independence Holding .22
Martin Marietta .55 Ladder Capital Cl A .20 Ingredion .63 National Grid ADR 2.013 Saturday
Shaw Communications .071 Maxar Technologies .01 Koninklijke Philips .961 (July 4)
McKesson .41 Park Aerospace .10
Number of Number of Avg. Unifirst .25 Moelis .255 Quanta Services .05 NONE
MDU Resources Group .207 Simpson Manufacturing .23
Company Symbol Insiders Shares $ Value Price Vector Group .20
Verso Cl A .10
NorthWestern .60 New Jersey Resources .312 Raymond James .37 Sysco .45 Sunday
Ovintiv .094 NewMarket 1.90 Republic Services .405 Wabash National .08
Salesforce.Com ............................................. CRM 48 1,035,834 177,082,826 $ 170.96 Williams Cos .40 Owens & Minor .002 State Street .52
(July 5)
Zoom Video Communications ....................... ZM 36 2,123,251 272,276,633 $ 128.24 Worthington Industries .24 Public Service Enterprise .49
Nike Cl B
PPL Corp
.245
.415 Wolverine World Wide .10
Thursday NONE

Datadog .......................................................... DDOG 35 4,810,496 234,459,214 $ 48.74 Tuesday Quanex Building Prod .08 (July 2) Monday
RenaissanceRe Hldgs .35
Prosperity Bancshares .46 Wednesday Banco Bradesco Ord .003 (July 6)
Crowdstrike .................................................... CRWD 34 3,877,356 245,340,450 $ 63.28 (June 30) Regions Financial .155
(July 1) Commercial Metals .12 Bank Of Nova Scotia .656
Allegion .32 Restaurant Brands Intl .52 Synovus Financial .33
Slack Technologies ....................................... WORK 27 3,398,561 85,656,180 $ 25.20 Ameren Corp .495 Scorpio Bulkers .05 TEGNA .07
ABM Industries .185 Globe Life .188 China Life Insurance .513
Service Corp Intl .19 American Express .43 Industrias Bachoco .351 Dollar General .36
Ametek .18 Textron .02
SFL .25 Chunghwa Telecom 1.419 JPMorgan Chase .90 Progressive Corp .10
Ares Management .40 Tredegar .12
STOCK SPLITS/DIVIDENDS Assd Capital Cl A .10 Stewart Info Svcs .30 UGI .33
Record Ex-Dividend Payment Becton Dickinson .79 STMicroelectronics .042 Winnebago .11 NASDAQ
Company Name-Ticker Symbol (Exchange) Amount Date Date Date Telephone & Data Sys .17
Booz Allen Hamilton Hldg.31
Brookfield Asset Mgmt .12 Trane Technologies .53 Thursday Tuesday Wednesday Shoe Carnival .09
Werner Enterprises .09
Cemtrex 10% Pfd.-CETXP (NCM ) ........................................................ 5% 6-30 6-29 7-06 Brookfield Infrastruc .485 Travelers Cos .85 (July 2) (June 30) (July 1)
Brookfield Infrastruc .485 Union Pacific .97 ADT .035
CBTX .10 Encore Wire .02 Friday
UnitedHealth Group 1.25 Best Buy .55 Helios Technologies .09 (July 3) NONE
Camping World Cl A .08 Comcast Cl A .23
SPECIAL DIVIDENDS Camping World Cl A .073 Vistra Energy .135 Broadridge Finl Solutions.54
Consolidated Water .085
Horizon Bancorp .12 Saturday
Western Union .225 Hartford Financial .325 Morningstar .30
Record Ex-Dividend Payment Corning .22 Fulton Financial .13 (July 4) NONE
WR Berkley .12 Kimberly-Clark 1.07 Royal Gold .28
Company Name-Ticker Symbol (Exchange) Amount Date Date Date Devon Energy .11
Wyndham Destinations .50 Myers Industries .135 National General Hldgs .05 Village Super Market Cl A .25 Sunday
Dick's Sporting Goods .312
Argan-AGX (NYSE)................................................................................. 1.00 7-23 7-22 7-31 Dominos Pizza .78 Wyndham Hotels .08 PulteGroup .12 Pegasystems .03 Thursday (July 5) NONE

Donaldson Co .21 Wednesday South Jersey Indus .295 Preformed Line Products.20 (July 2) Monday
Spire .623 ServisFirst Bancshares .175 Cisco Systems .36 (July 6)
Douglas Dynamics .28 (July 1)
DIVIDEND PAYMENT REDUCTIONS Entravision Commun .025 Albemarle .385
World Fuel Services .10 Washington Trust Banc .51 Erie Indemnity Cl A .965

Adjusted % Record Ex-Div Payment Eversource Energy .567 Allstate .54 Friday Preferred Bank LA .30

Company Name-Ticker Symbol (Exchange) Yield Period To From Decrease Date Date Date FBL Financial Group .50 Avangrid .44 (July 3)
Cherry Hill Mortgage Invt-CHMI (NYSE).............. 12.0 Q .27 .40 -32.5 % 6-30 6-29 7-28 Fedl Ag Mtge Corp Cl A .80 Banc of California .06 Advance Auto Parts .25 NYSE American
Fedl Ag Mtge Corp Cl C .80 BancorpSouth Bank .185 North Amer Construct .029
Kite Realty Group Trust-KRG (NYSE).................. 1.8 Q .052 .3175 -83.6 % 7-02 7-01 7-09 Tuesday Thursday Saturday
Fidelity Ntl Financial
GAMCO Investors Cl A .02
.33 Baxter International .245 Saturday (June 30) (July 2) (July 4) NONE
Brown-Forman Cl A .174
(July 4)
DIVIDEND PAYMENT BOOSTS GATX .48 Brown-Forman Cl B .174
NONE
NONE BK Technologies .02 Sunday
GrafTech International .01 Caleres .07 Wednesday Friday (July 5) NONE
Adjusted % Record Ex-Div Payment Hess Corp .25 Coca-Cola .41 Sunday (July 1) (July 3) Monday
Company Name-Ticker Symbol (Exchange) Yield Period To From Increase Date Date Date Hill Rom Holdings .22 Comerica .68 (July 5) Acme United .12 NONE (July 6) NONE
Hillenbrand .213 First Horizon National .15 Graphic Packaging .075
Armour Residential REIT-ARR (NYSE)................. 13.0 M .10 .09 11.1 % 7-15 7-14 7-30
Franklin Ltd Duration IT-FTF (NYSE AMER ).......... 11.5 M .0736 .073 0.8 6-30 6-29 7-15 NASDAQ TRADING SUSPENDED
Hackett Group-HCKT (Nasdaq) ............................... 3.0 Q .095 .09 5.6 6-30 6-29 7-10 Monday MSB Financial .104 Northern Trust .70
Hingham Institution Savs-HIFS (Nasdaq)............. 1.1 Q .43 .42 2.4 7-06 7-02 7-15 (June 29)
PepsiCo 1.023 Popular Inc. .40 NYSE
Power Integrations .21 Stock Yards Bancorp .27
Kroger Co-KR (NYSE) .............................................. 2.2 Q .18 .16 12.5 8-14 8-13 9-01 CDK Global .15
Anixter International (AXE)
Premier Financial Banc .15 Trustco Bank .068
New Residential Invt-NRZ (NYSE) ......................... 5.6 Q .10 .05 100.0 7-02 7-01 7-31 CSG Systems Intl .235
PennyMac Mortgage Inv Tr-PMT (NYSE) ............. 9.2 Q .40 .25 60.0 7-15 7-14 7-30 Gilead Sciences .68
Renasant .22 UMB Financial .31 SeaDrill (SDRL)
Riverview Financial .075 United Bankshares WV .35
Investors Title .44 NYSE American
Two Harbors Investment-TWO (NYSE)................. 19.5 Q .14 .05 180.0 6-30 6-29 7-29 RCI Hospitality Holdings .03
SpartanNash .192 Univest Financial .20
Worthington Industries-WOR (NYSE) .................. 2.8 Q .25 .24 4.2 9-15 9-14 9-29 Summit Financial .17
Tuesday T Rowe Price Group .90
Valley National Bancorp .11 None
ViacomCBS Cl A .24
(June 30) Universal Display .15 ViacomCBS Cl B .24 Nasdaq
YEARLY HIGH/LOWS DOW JONES STOCK AVERAGES Atrion 1.55 Verisk Analytics .27 WesBanco .32
Broadcom 3.25 Weyco Group .24
Extraction Oil & Gas (XOG)
Dow Industrials Dow Transportation Cos. Thursday Progenics Pharmaceuticals (PGNX)
CH Robinson Worldwide .51 Wednesday (July 2)
Year High Date Low Date High Date Low Date Citizens Holding .24 (July 1) Financial Institutions .26
Enterprise Fincl Services .18
2020 29551.42 Feb 12 18591.93 Mar. 23 11304.97 Jan. 16 6703.63 Mar. 23 ESSA Bancorp .11
AAON .19 Meridian Bancorp .08 NEW LISTINGS
Automatic Data .91
2019 28645.26 Dec 27 22686.22 Jan. 3 11098.99 Apr. 24 8881.49 Jan. 3 First Guaranty Bcshs .16 C & F Financial .38 Friday
Garmin .61 Chemung Financial .26 (July 3) NYSE
2018 26828.39 Oct 3 21792.20 Dec. 24 11570.84 Sept. 14 8637.15 Dec. 24 Global Indemnity .25 Communications Sys .02 Utah Medical Products .28 Albertsons Companies (ACI)
Global Water Res .024
2017 24837.51 Dec. 28 19732.40 Jan. 19 10697.21 Dec. 28 8783.74 May 18 Hooker Furniture .16
Community Trust Banc .38 Saturday Fusion Acquisition (FUSEU)
First Financial Indiana .52
(July 4)
2016 19974.62 Dec. 20 15660.18 Feb. 11 9421.08 Dec. 8 6625.53 Jan. 20 James River Group .30 First Fincl Bankshares .13 Kensington Capital Acquisition (KCACU)
NONE
Lancaster Colony .70 Hawthorn Bancshares .12
2015 18312.39 May 19 15666.44 Aug. 25 9178.48 Feb. 24 7364.04 Dec. 18 Marten Transport .04 Sunday NYSE American
Heartland Express .02
2014 18053.71 Dec. 26 15372.80 Feb 3 9217.44 Dec. 29 7053.75 Feb. 3 Methanex .038 Huntington Bancshares .15 (July 5) None
Mobile Mini .303 Meta Financial Group .05 NONE
2013 16576.66 Dec. 31 13328.85 Jan. 8 7400.57 Dec. 31 5435.74 Jan. 2 Nasdaq
2012 13610.15 Oct. 5 12101.46 Jun. 6 5368.93 Feb. 3 4873.76 May 18 NYSE American Agora (API)
2011 Monday Wednesday Friday Akouos (AKUS)
12810.54 Apr. 29 10655.30 Oct. 3 5618.25 July 7 4038.73 Oct. 3
(June 29) (July 1) (July 3) NONE Brilliant Acquisition (BRLIU)
2010 11585.38 Dec 29 9686.48 July 2 5108.60 Dec. 30 3792.89 Feb. 8 NONE NONE Saturday Ebang International Holdings (EBON)
2009 10548.51 Dec. 30 6547.05 Mar. 9 4188.16 Dec. 29 2146.89 Mar. 9 Tuesday Thursday (July 4) NONE
Fusion Pharmaceuticals (FUSN)
2008 13058.20 May 2 7552.29 Nov 20 5492.95 Jun 5 2988.99 Nov. 20 (June 30) (July 2) Sunday
Evolution Petroleum .025 NONE (July 5) NONE PolyPid (PYPD)
2007 14164.53 Oct 9 12050.41 Mar. 5 5446.49 Jul 19 4366.60 Nov. 21
2006 12510.57 Dec 27 10667.39 Jan. 20 4998.95 May 9 4090.95 Jan. 17 ADJUSTABLE MORTGAGE BASE RATES
NAME CHANGES
2005 10940.50 Mar 4 10012.36 Apr. 20 4266.75 Dec. 23 3382.89 Apr 15 YOY
NYSE Jun 26 Jun 19 Yr. Ago % Chg
2004 10854.54 Dec. 28 9749.99 Oct 25 3811.62 Dec. 28 2750.80 Mar. 22
None 1 Year Treas Bills 0.18 0.19 1.98 -90.91
2003 10453.92 Dec. 31 7524.06 Mar. 11 3038.15 Dec. 29 1942.19 Mar. 11 2 Year Treas Notes 0.19 0.19 1.79 -89.39
NYSE American
2002 10635.25 Mar. 19 7286.27 Oct. 9 3049.96 Mar. 4 2013.02 Oct. 9 3 Year Treas Notes 0.22 0.24 1.75 -87.43
None 5 Year Treas Notes 0.34 0.37 1.80 -81.11
2001 11337.92 May 21 8235.81 Sept. 21 3145.65 Jan. 4 2033.86 Sept 20
Nasdaq 10 Year Treas Notes 0.72 0.77 2.05 -64.88
2000 11722.98 Jan. 14 9796.03 Mar. 7 2980.50 Jan. 10 2263.59 Mar. 7 20 Year Treas Bds 1.26 1.31 2.34 -46.15
Premier Financial (PFC), formerly First Defiance Financial 11th District % Apr 0.74 0.74 1.144 -35.31
1999 11497.12 Dec. 31 9120.67 Jan. 22 3783.50 May 13 2808.44 Oct. 20
FDEF) FHFA PMMS+ 3.32 3.35 3.99 -16.79
1998 9374.27 Nov. 23 7539.07 Aug. 31 3686.02 Apr. 16 2345.00 Oct. 8 SuRo Capital (SSSS), formerly Sutter Rock Capital Fed annualized yields adjusted for constant maturity. FHFA
1997 8259.31 Aug. 6 6391.69 Apr. 11 3368.33 Oct. 21 2222.07 Jan. 2 Whole Earth Brands (FREE), formerly Act II Global PMMS+ is the Federal Housing Finance Agency's adjusted version
of Freddie Mac's 30-yr FRM Primary Mortgage Market Survey. This
1996 6560.91 Dec. 27 5032.94 Jan. 10 2315.47 Dec. 5 1882.71 Jan. 18 Acquisition (ACTT) Index replaces the discontinued FHFA Contract Rate.
 X W L C 10 11 12 H G R P 4 8 3 F A M 6 7 9 0 I
M40 BARRON’S June 29, 2020

STREET WISE WITH JACK HOUGH

“This is the iPhone moment

o f t h e c a r i n d u s t r y. ”
- Jensen Huang, CEO of Nvidia

N v i d i a Ta ke s o n Te s l a

T h e c h i p m a ke r h a s p a r l aye d v i d e o g a m e
s u c c e s s i n t o s u p e rc o m p u t i n g d o m i n a n c e .
N ex t u p : a u t o n o m o u s d r i v i n g .

L I ST E N N OW

© 2020 Dow Jones & Company, Inc. All rights reserved. 4E5083
 TOP-RANKED COMPANIES PAGE S6 • HOW TO INVEST PAGE S9 • WHAT SUCCESS LOOKS LIKE PAGE S10
JUNE 29, 2020

Investing With Urgency

Social factors aren’t as hard to quantify as some think. What investors need to know. PAGE S3
S2 BARRON’S
F
or decades, investors have recog-
nized the importance of good cor-
porate governance as a contribu-
tor to a company’s long-term
prospects. Recent years have seen
a growing consensus that good
environmental stewardship can
enhance returns, as well. (Dumping industrial
waste into the river might boost margins for a
few quarters, but it’s not a great long-term ap-
proach.)
LETTER FROM THE EDITOR
In 2020, it is the “S” in ESG—the social
component—that takes center stage. That
A Bit of stage was set last year by the Business Round-
table statement that “the purpose of a corpo-
ration” is to serve a larger set of stakeholders
Optimism
beyond shareholders. Then came the Covid-19
pandemic, the killing of George Floyd, and the
global protests that followed. It was impossi-
ble to ignore the reality that stakeholders
Amid the weren’t being served.
Instead of the usual anodyne platitudes
crafted to avoid controversy, the corporate re-
Mayhem
sponse was powerful and pointed. There was
genuine outrage, perhaps combined with a
calculation that the nation’s mood had
changed. Rather than worrying about offend-
ing anyone, companies clearly determined
that the greater risk was that they might come
off as too timid.
This special report looks at the response
through an investor’s lens. Beyond their state-
ments, what are companies doing to actually
address problems faced by people of color and
their employees, and how will that affect their
share prices? Cynics will say it’s just market-
ing. Perhaps. But if this is what customers
June 29, 2020
want, the firms that deliver will outperform.
“It drives me a little bit crazy when people say
ESG factors are nonfinancial considerations,”
says Justina Lai, chief impact officer at Weth-
erby Asset Management. “If you’re a con-
sumer business you need to understand what
matters to your consumers.”
Nike shares are up 22% since the company
launched its ad campaign with Colin Kaeper-
nick, versus a 5% rise for the broader market.
And it isn’t just customers—companies need
to consider worker concerns. Lai points out
that employees at Amazon.com walked out
over Covid-19 conditions, while Microsoft
employees protested the company’s work for
Immigration and Customs Enforcement, or
ICE. Few issues unite business leaders with
human-rights activists as tightly as immigra-
tion; the entire tech community lashed out at
the Trump administration for suspending the
H-1B visa program, which business leaders
say is necessary to recruit mission-critical
workers.
At a difficult time in our history, here’s an
optimistic thought: A virtuous circle may be
starting to spin, in which companies treat em-
ployees and customers better, and as a result
they outperform, and investors reward those
behaviors, forcing laggards to catch up.
And then the world becomes a slightly
better place.
Jack Otter, Barron’s Editor-at-Large
 June 29, 2020 BARRON’S
I
t’s often said that you need a
crisis to help you reach your
potential. Perhaps it’s three: In
the wake of the Covid-19 pan-
demic, the economic downturn,
and widespread social unrest,
the vast inequality between the
poor and the rich, between people of
color and the white population in
America, was finally laid bare enough
that corporations—and their inves-
tors—have begun to act.
Stakeholder capitalism is having a
moment. For many years, most inves-
tors argued that it was impossible to
reconcile personal values with a suc-
cessful investment portfolio. Decades
of research, not to mention investment
performance, have slowly eroded that
notion. But never before has there
been such a uniform emphasis on com-
panies doing right by all of their stake-
holders—investors, sure, but also their
employees, their customers, and the
communities in which they operate. “If
a company doesn’t survive, it’s rubble
and there’s no re-employment,” says
Doug Baker, the CEO of Ecolab, a
top-ranked sustainable company, and
one of Barron’s best CEOs (see page 18).
Investors are on board. In 2019,
flows into U.S. sustainable funds more
than quadrupled the previous annual
record for net flows, set the year be-
fore, according to Morningstar. Today,
there’s $120 billion invested in mutual
and exchange-traded funds that inte-
grate sustainable principles—also
Companies and
known as ESG, for environmental,
social, and governance criteria—with
standard financial metrics. That’s up
from $30 billion a decade ago. Many
firms, such as venerated bond shop
Pimco and Boston-based asset man-
ager GMO, have quietly embraced this
Investors Heed
style of investing throughout their
investment processes. This year,
BlackRock, the world’s largest asset
manager, announced that it would put
sustainability at the heart of its invest-
ment process.
The Call to Action
If you think all of this is hooey, you
have some powerful allies. The Labor
Department this month proposed re-
quiring retirement-plan fiduciaries to
choose investments “based solely on
financial considerations,” a move
aimed at slowing interest in ESG in-
vesting. Labor Secretary Eugene Sca-
Illustration by Luke Lucas
lia cited “unclear and sometimes con-
When top CEOs like Brian Moynihan and Larry Fink call for greater social responsibility— tradictory” standards for ESG
the “S” in ESG—the movement has officially left the fringe. Here’s why, and what’s next. investing, and accused ESG investors
of trying to promote a social or politi-
cal outcome instead of safeguarding
By LESLIE P. NORTON returns for retirement savers. The
S3
proposal, which is out for comment,
would make it harder for companies to
include a default ESG option in their
401(k) plans. Meanwhile, the Securi-
ties & Exchange Commission is weigh-
ing whether ESG funds need to follow
existing rules that require their names
to broadly match what they invest in.
Politics aside, this style of investing
has consistently beaten the broad
market in good times and bad. Ac-
cording to Morningstar, for the past
one-, three-, and five-year periods,
ESG stock and allocation fund strate-
gies lost less money than non-ESG
funds during market declines, and
displayed less volatility. For three
years, Barron’s has ranked the 100
Most Sustainable Companies, and for
three years those companies have
beaten the market.
S
ustainability is about thinking
long term. Long-term investing
needs companies that will be
around for a while, which means
those companies need loyal customers
and employees. Corporations began
more openly embracing ESG princi-
ples in 2017, as the U.S. government
seemed to grow intent on rolling back
established environmental and social
protections. When the U.S. withdrew
from the Paris Agreement in 2017, for
instance, companies agreed individu-
ally to its standards, and began setting
emissions-reduction targets to limit
global warming. Champions of sus-
tainable practices and good corporate
citizenship include CEOs like Bank of
America’s Brian Moynihan, Cisco
Systems’ Chuck Robbins, and the
influential Business Roundtable.
As Covid-19 savaged employment
and communities, companies moved
quickly to grant employees extra pay
and paid time off for workers needing
to quarantine. How a company treats
essential workers has become a mea-
sure of how responsible it is—provid-
ing necessary personal protective
equipment, time-off policies, schedule
flexibility, physical and mental health
care, and child care. Companies also
began offering donations to shore up
communities. Then came the deaths of
Ahmaud Arbery, Breonna Taylor, and
George Floyd, and the widespread
protests about police brutality and
inequitable treatment of people of
color. Top-level executives, who once
took a hands-off approach to such
issues, began speaking out.
This time, the corporate chiefs be-
came impassioned on the subject of
S4
racial and social justice. “Even though
I’m the CFO of a global bank, the kill-
ings of George Floyd in Minnesota,
Ahmaud Arbery in Georgia, and Bre-
onna Taylor in Kentucky are remind-
ers of the dangers Black Americans
like me face in living our daily lives,”
wrote Citigroup CFO Mark Mason in
a blog post.
Northern Trust Asset Management
president Shundrawn Thomas, who is
black, wrote in a post about an experi-
ence with a police officer pulling him
over and taking his gun out nearly 30
years ago. “It was profiling, pure and
simple,” Thomas wrote. “I resolve to
break the silence as it pertains to is-
sues of prejudice and discrimination.”
The sustainable-investment com-
munity has responded, too. Calvert
Research and Management, the sus-
tainable-investment shop owned by
Eaton Vance, called for companies to
assess their racial diversity and dis-
close it, provide pay-equity disclosure
across race and gender, and to publicly
state what they are doing to combat
racism and brutality.
Another initiative was backed by
the Interfaith Center on Corporate
Responsibility, which was founded
nearly 50 years ago to respond to the
human rights abuses occurring in
South Africa under apartheid. It is
asking investors to commit to a five-
point plan that includes establishing
targets to either engage with or divest
from issuers “that further systemic
racism or white supremacy, or that
enable state-sanctioned violence and
criminalization.”
W
hat’s next? First up: making
the workplace more inclusive.
Adidas has committed to
filling 30% of new hires with
black and Latino employees, while
Google and PepsiCo set targets to ex-
pand underrepresented groups among
their managers by 30% by 2025.
Such moves will help communities
in which they operate, because higher-
paying jobs are a pathway out of pov-
erty, even as America crawls out of its
worst recession in recent history.
“How people define what the S is
will become more granular and more
specific,” says Ron Homer, chief strat-
egist for impact investing at RBC
Global Asset Management. It will also
help with recruiting: Today’s gradu-
ates don’t want to work for a company
whose top executives don’t reflect the
diversity they saw in their classrooms.
And as consumers spend in line
BARRON’S
Now Prove It with their values, executives will be
expected to take positions on things
Diversity is a top
formerly deemed political, such as
priority, accord-
police behavior. After all, companies
ing to most
are consumers of police services.
companies.
AT&T CEO Randall Stephenson, for
example, recently called for a codifica-
91%
of companies in
tion of national standards on the use
of force by the police, and said govern-
ments should reconsider the qualified
the S&P 500 have immunity that police officers have
policies to drive from civil liability. Customers demand
diversity and equal action, and on balance, companies are
opportunity, rewarded. Nike’s sales jumped after
but only featuring quarterback Colin Kaeper-
nick in an ad after he was frozen out
14%
have actual tar-
of the NFL for protesting systemic
racism.
There’s plenty to do. While 91% of
gets, according companies in the S&P 500 have poli-
to HIP Investor. cies to drive diversity and equal op-
portunity, just 14% have actual targets,
according to HIP Investor, a San Fran-
cisco–based provider of sustainability
ratings, data, and analytics. Only three
have black CEOs.
The playbook will resemble what
happened as companies and investors
woke up to the long-term risks of cli-
mate change: Companies began pledg-
ing to cut emissions, and investors
pledged to hound them, holding
boards and management accountable,
and making it part of a company’s
good governance. “You have protests,
you have public health, then it be-
comes much more of an important
issue for boards to accelerate S [fac-
tors],” says Vikram Gandhi, a lecturer
at Harvard Business School.
O
ver the long run, companies
that outperform on S factors
are likely to outperform in the
stock market. Companies with
superior S scores beat bottom-scoring
companies, according to MSCI. A JUST
Capital analysis shows that companies
that prioritized workers during the
coronavirus crisis outperformed those
that didn’t. Meanwhile, a recent study
by Northwestern professor Aaron Yoon
found that employee satisfaction is a
necessary condition for a company’s
ESG efforts to work, and that compa-
nies with high employee satisfaction
and high ESG ratings exhibit stronger
sales, return-on-equity growth, stock-
price performance over time.
The Sustainability Accounting
Standards Board has identified social
and human capital as key assets to
delivering long-term value: Social capi-
tal includes a company’s relationships
with local communities, issues related
to human rights, protection of vulner-
able groups, and local economic devel-
opment; human capital considers the
management of employees and con-
tractors. The SEC is considering re-
quiring companies to make disclosures
about human-capital management.
In addition to pushing companies
to expand hiring of diverse employees
and managers, investors will also push
for more disclosure about corporate
demographic data—including the
EEO-1 data that companies disclose to
the U.S. Equal Employment Opportu-
nity Commission—as a way to track
improvement. They will ask for disclo-
sures on all kinds of subjects including
race, ethnicity, gender parity, LGBTQ
community representation, diversity
in boards and senior-level positions,
and hiring practices, says Angela Chit-
kara, a researcher with World in 2020,
which publishes research on diversity
and inclusion. Says Matt Patsky, CEO
of Trillium Asset Management: “This
material information is a measure of
reputational risk and should be part of
data we all have access to.” This year,
resolutions asking companies to dis-
close EEO-1 diversity data earned 70%
support at Fortinet and 61% support
at Fastenal.
Expect shareholders to wield the
power of the proxy. Morningstar
counts 30 shareholder proposals this
year that deal with racism and in-
equality. There will be more. For ex-
ample, Nia Impact Capital has asked
Tesla to evaluate the effect of its use of
mandatory arbitration to settle ha-
rassment and discrimination allega-
tions on its workforce. Nia argues that
mandatory arbitration serves to con-
“There’s a
unique role
for large
companies to
be part of the
solution here.”
Jonathan Bailey,
Neuberger Berman
June 29, 2020
ceal discrimination. Proxy advisors
Institutional Shareholder Services and
Glass Lewis support Nia’s proposal,
which is up for a vote at Tesla’s next
annual meeting. “Nobody at the table
who decided on that policy was a
woman or person of color who’d been
discriminated against or harassed,”
says Kristin Hull, CEO of Nia. “The
people making these decisions need to
be a diverse body.”
This year, investment manager
Neuberger Berman publicly prean-
nounced its votes for 30 companies as
part of an effort to be more effective as
an environmentally and socially con-
scious investor. Many investors will
continue to vote with management, of
course—after all, those companies are
also clients. Nevertheless, “there’s a
unique role for large companies to be
part of the solution here,” says Jona-
than Bailey, head of ESG investing at
Neuberger Berman.
One new area of focus will be envi-
ronmental justice: the intersection of
environmental activism and social
justice. “The worst air and water pol-
lution are in communities of color,”
says Julie Gorte, who oversees ESG
research and shareholder and public
policy advocacy for Pax World Funds.
Driving it all will be the expansion
of sustainable investing. Already, sus-
tainable investors are reporting evi-
dence of increased interest from
401(k) plans in sustainable options
this year, even as the Labor Depart-
ment takes steps to chill demand.
According to a Nuveen study of
high-net-worth investors and financial
advisors, 54% said they would invest
their entire retirement balance into a
responsible investment portfolio. Top
issues they want their investments to
address: fair treatment of employees
(48%); human rights (48%); and cli-
mate change (47%). “I wouldn’t be sur-
prised if the people who are interested
in ESG already are thinking of it in a
more serious way, just given the
breadth of social issues laid bare by the
twin issues of this country,” says Lisa
Woll, head of US SIF, the trade group
for the sustainable investment industry.
A study by the NYU Center for Sus-
tainable Business found that consumer
products marketed as green accounted
for 50% of the growth in packaged
goods between 2013 and 2018. It may
be the same for investments too. Says
Catherine Banat, director of responsi-
ble investing for RBC Global Asset
Management: “This is the moment to
draw customers’ attention.” B
June 29, 2020 BARRON’S S5

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S6
These Firms Put
The ‘S’ in Sustainable
This year has been all about the need for companies to step up and
become good corporate citizens. The 100 on our list have a head start.
By EVIE LIU
F
or years, the three pillars of
ESG investing—“E” for en-
vironmental factors, “S” for
social factors, and “G” for
corporate governance—
were uneasy bedfellows.
Few investors would
argue with the importance of good
corporate governance, and most have
slowly come to realize that it’s critical
for companies to understand any in-
vestment risk, or opportunity, that
stems from global warming. The S has
been easily dismissed as consisting of
squishy criteria such as how compa-
nies treat their employees, data secu-
rity, and product safety. Many metrics
aren’t standardized, and investors can
easily feel overwhelmed.
“It’s a little less understood because
it really does cover a wide range of
topics,” says Jade Huang, a portfolio
manager at Calvert Research and
Management, the sustainable invest-
ing shop owned by Eaton Vance
(ticker: EV).
Calvert, however, is expert at quan-
tifying what is difficult to quantify.
The $21.5 billion firm has been invest-
ing according to ESG criteria for over
four decades, and it provides the data
for the annual Barron’s ranking of the
100 Most Sustainable Companies.
That list is based on 28 ESG cate-
gories covering a blend of 230 indica-
tors. But given what 2020 has
wrought, Barron’s decided to rerank
those companies based solely on these
“softer” factors, and create two model
portfolios. As customers and employ-
ees continue to make their voices
heard, the companies that respond
are likely to be more lavishly re-
warded by investors.
This year has brought renewed
focus on social issues and the role of
BARRON’S
companies in addressing them. The
coronavirus pandemic has dispropor-
tionately affected people of color and
lower-income communities, which
suffer from higher health risks and
job instability. The killing of George
Floyd by Minneapolis police high-
lighted systematic racism and trig-
gered protests across the nation to
fight racial inequality.
Corporate America responded—
rebranding or removing controversial
products, designating funds to sup-
port communities, and making plans
to hire more minority employees and
improve workplace inclusivity. In a
recent report, Truvalue Labs, an ESG
analytics firm, noted that public sup-
port for the racial-justice movement
was “consolidating” and companies
“cannot lag behind.”
Customer loyalty and employee
retention also play into the newfound
focus on social considerations. “Repu-
tation and brand is a huge intangible
asset that could face a lot of erosion of
value if you have big headline risks
associated with different social is-
sues,” Huang says. While some social
issues can be industry-specific, how a
company treats its employees applies
across the board.
While it’s still early days to see
whether companies will follow
through on their promises, those that
already lead in the S category are start-
ing from a better place. The social met-
rics that Calvert used in the new rank-
ing included 13 categories covering
employees, customers, and the com-
munity. The new ranking is quite dif-
ferent from the list based on all 28 ESG
topics that we published in February.
Tops on the new list are apparel
company V.F. (VFC), testing-equip-
ment manufacturer Keysight Tech-
Quantifying nologies (KEYS), and chip maker
Nvidia (NVDA), thanks to their
‘Squishy’ strong performance in areas like
Criteria workplace diversity, data security, and
We took our product quality.
Most Sustainable Eight out of the 10 companies that
Companies rank- rank highly on S factors are in the
ing and filtered it technology and consumer-discretion-
through the lens ary sectors, and six weren’t in the top
of social factors. 10 on February’s list.
Of the 100 companies, 26 fell more
8 of 10
than 20 places in the ranking, while
23 improved more than 20 places.
Among the biggest movers, power-
of the top-ranked plant operator Ormat Technologies
companies are in (ORA) dropped from No. 23 to the
the technology and bottom of the list, as the importance
consumer-discre- of environmental issues diminished.
tionary sectors. Industrial supplier W.W. Grainger
June 29, 2020
(GWW) fell from No. 8 to No. 84, and
commercial REIT CBRE Group
(CBRE) fell from No. 13 to No. 75. On
the other hand, photonics manufac-
turer Coherent (COHR) jumped from
No. 99 to No. 43; asset manager
BlackRock (BLK), from No. 82 to
No. 27; and fashion giant Tapestry
(TPR), from No. 87 to No. 37.
W
e also built two model port-
folios: One that weighted
each of the 100 stocks based
on its overall ranking from
February, and a second weighted only
by the new social-factor ranking. In
both portfolios, the top-ranked stock
has the highest weight of about 2% and
the bottom-ranked name, just 0.2%.
Of the 100 stocks, 80 are in the
S&P 500 index; 30 have a market cap
of more than $30 billion, with Micro-
soft (MSFT) topping the list at $1.5
trillion. On the smaller end, 33 have a
market value of less than $10 billion;
the smallest is Macy’s (M) at $2.1 bil-
lion.
Compared with the market-value-
weighted S&P 500, both portfolios
have much more exposure to the
consumer-discretionary, consumer-
staples, and materials sectors, and
less to health care, communication
services, and energy. Relative to the
full ESG portfolio, the social-focused
portfolio has more health care, con-
sumer discretionary, and financials,
and less in industrials, real estate,
utilities, and energy.
Both portfolios beat the S&P 500
in 2019. They are lagging behind this
year, however: The portfolio based on
the overall most sustainable compa-
nies list published in February de-
clined 9.5% year to date, while the
social-focused portfolio lost 9%. The
S&P 500 is down only 4.7% in total
return. Still, for the three years for
which we have put together our rank-
ing of most sustainable companies,
our list has beaten the S&P 500 on
average.
The portfolios were lifted the most
by tech names like Nvidia, Adobe
(ADBE), and Microsoft, and by West
Pharmaceutical Services (WST)
and Clorox (CLX). Clorox has bene-
fited from the surging demand for
sanitizing products amid the Covid-19
Illustration by Eva Bee
pandemic. Stocks beaten down by the
health crisis—like retailers PVH
(PVH), V.F., and Hasbro (HAS), and
airlines Alaska Air Group (ALK)
and Delta Air Lines (DAL)—weighed
on performance. B
June 29, 2020 BARRON’S S7

How Our Most Sustainable Companies Rank on Social Factors

Overall Social- Overall Social-
Sustainable metrics Market YTD Sustainable metrics Market YTD
Ranking ranking Company Ticker Sector Recent Price* Value (bil)* Return* Ranking ranking Company Ticker Sector Recent Price* Value (bil)* Return*

21 1 V.F. VFC Consumer Discretionary $59.81 $23.0 -39.1% 91 51 Rockwell Automation ROK Industrials $208.20 $23.7 3.8
38 2 Keysight Technologies KEYS Information Technology 100.39 18.9 -2.2 76 52 DXC Technology DXC Information Technology 398.09 3.8 -57.1
11 3 NVIDIA NVDA Information Technology 379.60 227.2 61.5 22 53 American Water Works AWK Utilities 122.22 22.5 0.3
27 4 UniFirst UNF Industrials 173.98 3.1 -13.6 10 54 Autodesk ADSK Information Technology 234.47 51.2 27.8
31 5 salesforce.com CRM Information Technology 85.65 166.9 15.8 74 55 KLA KLAC Information Technology 192.35 29.2 9.1
2 6 Texas Instruments TXN Information Technology 125.06 113.8 -1.0 75 56 S&P Global SPGI Financials 327.82 76.6 20.6
5 7 Best Buy BBY Consumer Discretionary 63.97 21.7 -1.9 9 57 Avnet AVT Information Technology 26.17 2.7 -37.5
6 8 HP HPQ Information Technology 16.37 23.2 -18.8 35 58 Itron ITRI Information Technology 67.58 2.6 -19.5
4 9 Tiffany TIF Consumer Discretionary 120.35 14.7 -9.1 80 59 Cree CREE Information Technology 79.08 6.3 26.5
33 10 Air Products and Chemicals APD Materials 237.30 51.5 1.7 3 60 Voya Financial VOYA Financials 46.67 5.7 -23.0
1 11 Agilent Technologies A Health Care 87.26 26.7 2.5 73 61 Xilinx XLNX Information Technology 93.29 22.6 -3.7
29 12 Adobe ADBE Information Technology 436.95 208.0 32.5 94 62 Eversource Energy ES Utilities 80.30 28.2 -1.9
52 13 Levi Strauss LEVI Consumer Discretionary 12.93 5.2 -32.3 15 63 ON Semiconductor ON Information Technology 19.48 7.9 -20.1
42 14 Microsoft MSFT Information Technology 200.34 1,500.3 27.7 60 64 Campbell Soup CPB Consumer Staples 1.22 14.8 1.9
7 15 Cisco Systems CSCO Information Technology 41.75 188.9 -4.2 68 65 Principal Financial PFG Financials 40.00 10.8 -25.3
58 16 Teradata TDC Information Technology 20.47 2.2 -23.5 89 66 Moody's MCO Financials 276.17 49.8 16.8
34 17 Hanesbrands HBI Consumer Discretionary 10.76 3.7 -25.6 98 67 Darden Restaurants DRI Consumer Discretionary 30.00 9.2 -31.0
24 18 Clorox CLX Consumer Staples 38.68 26.5 41.7 25 68 Kellogg K Consumer Staples 65.51 22.2 -3.6
12 19 PVH PVH Consumer Discretionary 46.88 3.4 -55.4 46 69 Robert Half International RHI Industrials 50.34 5.7 -19.2
53 20 Alaska Air ALK Industrials 35.48 4.2 -47.3 78 70 KeyCorp KEY Financials 12.91 12.2 -34.5
54 21 West Pharmaceutical Services WST Health Care 223.36 15.9 48.9 90 71 Target TGT Consumer Discretionary 119.81 59.9 -5.5
56 22 Regions Financial RF Financials 11.65 10.8 -30.5 62 72 Xerox XRX Information Technology 15.65 3.3 -57.0
59 23 Gap GPS Consumer Discretionary 10.16 3.9 -41.8 72 73 Procter & Gamble PG Consumer Staples 117.89 288.2 -4.4
20 24 Avery Dennison AVY Materials 111.37 9.4 -14.0 92 74 Comerica CMA Financials 20.18 5.2 -44.1
67 25 Intuit INTU Information Technology 288.75 74.6 10.7 13 75 CBRE CBRE Real Estate 108.89 14.3 -29.0
19 26 Motorola Solutions MSI Information Technology 140.49 23.7 -12.0 26 76 Colgate-Palmolive CL Consumer Staples 20.38 61.7 6.8
82 27 BlackRock BLK Financials 57.66 83.1 10.3 88 77 Macy's M Consumer Discretionary 6.50 2.1 -59.8
36 28 T. Rowe Price TROW Financials 122.53 27.5 2.2 86 78 Sempra Energy SRE Utilities 117.32 35.1 -21.0
41 29 Varian Medical Systems VAR Health Care 115.97 10.5 -18.3 32 79 Williams-Sonoma WSM Consumer Discretionary 83.70 6.5 15.7
30 30 Verizon Communications VZ Communication Services 54.28 223.2 -9.7 100 80 Home Depot HD Consumer Discretionary 245.38 264.7 13.8
16 31 Ball BLL Materials 10.09 22.5 7.5 84 81 Applied Materials AMAT Information Technology 59.98 55.0 -1.0
18 32 Hasbro HAS Consumer Discretionary 70.36 9.7 -32.3 93 82 Edwards Lifesciences EW Health Care 36.35 41.8 -12.5
17 33 Ecolab ECL Materials 33.73 56.9 2.1 71 83 United Parcel Service UPS Industrials 110.52 94.4 -3.6
43 34 CenturyLink CTL Communication Services 73.29 10.7 -20.4 8 84 W.W. Grainger GWW Industrials 295.95 15.8 -11.7
70 35 Bank of America BAC Financials 10.60 206.6 -28.9 45 85 First Solar FSLR Information Technology 4.74 5.2 -10.0
55 36 McCormick MKC Consumer Staples 178.54 22.9 5.6 28 86 NextEra Energy NEE Utilities 239.16 118.3 -0.2
87 37 Tapestry TPR Consumer Discretionary 12.60 3.5 -52.6 47 87 Lam Research LRCX Information Technology 312.60 44.4 7.8
51 38 Kimberly-Clark KMB Consumer Staples 138.79 47.0 2.4 48 88 Aptargroup ATR Materials 107.60 6.8 -6.3
49 39 Starbucks SBUX Consumer Discretionary 73.85 86.0 -15.2 96 89 Nordstrom JWN Consumer Discretionary 15.37 2.5 -61.9
65 40 PNC Financial Services PNC Financials 106.45 43.9 -32.0 79 90 SVB Financial SIVB Financials 215.00 10.7 -14.4
69 41 Mettler-Toledo International MTD Health Care 785.38 18.7 -1.0 83 91 Kohl's KSS Consumer Discretionary 19.91 3.3 -59.3
81 42 General Mills GIS Consumer Staples 37.66 36.5 14.7 63 92 Lumentum LITE Information Technology 75.62 5.5 -4.6
99 43 Coherent COHR Information Technology 16.58 3.2 -19.6 85 93 Expeditors International of Washington EXPD Industrials 82.72 12.2 -5.8
44 44 Coca-Cola KO Consumer Staples 44.93 191.8 -17.4 37 94 Oshkosh OSK Industrials 70.08 4.7 -25.3
64 45 Sonoco Products SON Materials 50.56 5.0 -16.7 50 95 Cummins CMI Industrials 5.65 24.6 -3.6
77 46 Northern Trust NTRS Financials 78.44 16.1 -24.7 95 96 International Flavors & Fragrances IFF Materials 122.40 13.1 -3.9
39 47 Delta Air Lines DAL Industrials 11.42 17.4 -51.8 61 97 Xylem XYL Industrials 62.16 11.2 -20.6
40 48 Prudential Financial PRU Financials 60.45 23.6 -33.5 66 98 Jones Lang LaSalle JLL Real Estate 101.03 5.2 -42.0
14 49 ManpowerGroup MAN Industrials 68.04 3.9 -28.8 97 99 CMS Energy CMS Utilities 15.80 16.4 -8.4
57 50 Broadridge Financial Solutions BR Information Technology 45.73 14.1 2.0 23 100 Ormat Technologies ORA Energy 62.39 3.2 -16.0

*As of June 25, 2020; Note: Highlighted stocks have outperformed the S&P 500 YTD. Sources: Calvert Research and Management, a unit of Eaton Vance; FactSet
S8 BARRON’S June 29, 2020

A NEW PODCAST

FOR ADVISORS,
BY ADVISORS.

The Way Forward is part of a weekly

series featuring insights from top advisors
and industry standouts on managing
wealth, leading through crisis and
planning for the future.

The Way Forward is available on barrons.com/podcasts. Subscribe

to The Way Forward on Spotify, Apple Podcasts, or your favorite
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©2020 Dow Jones & Company. All Rights Reserved. 4E215

 June 29, 2020
How to Build a
Values-Based
Portfolio
The data for the “S” in ESG has long been too hard
to quantify, making investing tough. That’s changing.
By KAREN HUBE
I
nvestor interest in companies
that take all stakeholders into
account when making decisions
has never been higher. But this
elevation of the “S” in environ-
mental, social, and corporate
governance, or ESG, investing is
remarkably challenging.
Despite a proliferation in ESG
mutual and exchange-traded funds—
from fewer than 200 in 2018 to over
550 today—social principles have got-
ten far less representation in portfolios
than environmental and governance
issues. “We can build a fossil-fuel-free
portfolio that’s completely diversified,
and do the same for climate issues,”
says Jeff Gitterman, a co-founding
partner at Gitterman Wealth Manage-
Illustration by Kate Copeland
ment in New York, which specializes
in ESG investing. “But to be able to
play out your particular social theme
across a diverse mutual fund and ETF
portfolio—we’re not there yet.”
It’s a challenge not only because the
social values lens is broad—issues
BARRON’S
include racial diversity, human rights,
income inequality, and education, to
name just a few—but also because
there is a lack of standardization and
requirements for corporate reporting
on social policies and practices.
“If you can’t get good data on an
issue, it’s hard to build a portfolio
around it,” says Adam Bernstein,
Gitterman’s ESG and impact analyst.
“The S data wasn’t the focus of the
ESG movement initially—it was more
focused on the E and G.”
This dynamic is changing, as asset
managers, advisors, and investors
demand information and flex their
shareholder muscle, and as more
mutual funds find effective ways to
sharpen a social focus. In the mean-
time, thanks to an explosion in fund
options, investors can create a fully
diversified general ESG portfolio.
Investors do need to be wary of
overlap between funds, and the fact
that ESG investments tilt toward
growthier stocks. Also, there are no
standards that mutual funds and ETFs
must meet to use the ESG label, and—
potentially confusing matters—it’s
possible that a company can issue a
green bond even if it doesn’t have a
high ESG rating on the stock side.
For example, a green bond must
meet stringent criteria based on what
its proceeds are being used for—and
not the overall ESG rating for the
company. Calvert Green Bond
(ticker: CGAFX) holds Apple, even
though Apple may not come to mind
as the most sustainable company,
Bernstein says. “But Apple issued
green bonds to fund its goal to have its
plants run on renewable energy.”
Some wealth managers, such as
Gitterman and Wetherby Asset Man-
agement in San Francisco, have hired
How To Do It
A fully diversified ESG portfolio can be created using these funds, which have passed rigorous screening
by Gitterman Wealth Management.
Fund / Ticker
Brown Advisory Sustainable Growth / BIAWX
Parnassus Core Equity / PRBLX
Brown Advisory Small-Cap Growth / BIASX
Boston Common ESG Impact International / BCAIX
RBC Emerging Markets Equity / REEAX
Vert Global Sustainable Real Estate / VGSRX
Calvert Green Bond / CGAFX
CRA Qualified Investment / CRATX
Saturna Sustainable Bond / SEBFX
TIAA-CREF Core Impact Bond / TSBRX
AllianzGI Global Water / AWTAX
Note: Three-year returns are annualized; *Since 10/31/17 inception
ESG specialists to vet investments.
Individuals can get some gauge of a
portfolio’s ESG standards using
Morningstar’s sustainability ratings.
Socially minded investors can take
comfort in the overlap between envi-
ronmental, social, and governance
issues. “Take economic inequality. We
know marginalized and low-income
communities are disproportionately
impacted by the effects of climate
change,” says Justina Lai, Wetherby’s
chief impact officer. “There is value to
focus on the S factor, but all of the
ESG issues are inextricably linked and
should be considered holistically.”
Some fund managers are finding
effective ways to sharpen a social
focus. One example is the TIAA-
CREF Core Impact Bond fund (TS-
BRX), which enhances its return po-
tential and social impact by investing
in some illiquid private investments.
It recently invested in The Reinvest-
ment Fund, a Salt Lake City group
that aims to reduce homelessness and
prison recidivism rates by providing
access to counseling, job support, and
housing. Another recent addition to
the portfolio is a bond issued by the
African Development Bank to help
ease the impact of Covid-19 by financ-
ing enhanced health-care systems
and medical supplies in African
countries.
Ethan Powell, president and
founder of Impact Shares, creates
ETFs focused on particular social
values by partnering with advocacy
groups whose expertise helps qualify
potential investments. Fund fees are
donated to the nonprofit partners.
The company’s first ETF, Impact
Shares NAACP Minority Empow-
erment (NACP), was launched in
2018 in collaboration with the
Total Return
Category YTD
Large-Cap Growth 10.6%
Large-Cap Blend -4.0
Small-Cap Growth -1.8
Foreign Large-Cap Growth -5.5
Diversified Emerging Markets -9.4
Global Real Estate -22.1
Intermediate Core-Plus Bond 3.3
Intermediate Government 3.5
World Bond 2.1
Intermediate Core-Plus Bond 4.0
Natural Resources -8.3
Sources: Bloomberg; Morningstar
S9
“If you can’t get good
data on an issue, it’s hard
to build a portfolio
around it.” —Adam Bernstein
NAACP—the first fund to specifically
address racial equality. Two others
have followed: The Impact Shares
YWCA Women’s Empowerment
ETF (WOMN), in partnership with
the YWCA, and Impact Shares Sus-
tainable Development Goals
(SDGA), in collaboration with the
United Nations Capital Development
Fund. “There are visionaries and lag-
gards. These are examples of leading
products in the social investing space,”
Bernstein says.
Some of the more effective ESG
managers take an activist role. Vert
Global Sustainable Real Estate (VG-
SRX), launched in 2017 as the first in-
ternational ESG real estate investment
trust fund, is doing its part to hold
companies accountable for real estate’s
40% share of global carbon emissions.
The fund pressures companies to
improve disclosures relative to climate
change and evaluates holdings annu-
ally based on new data. In its latest
review, the $52 million fund removed
11 companies from its portfolio and
added 24 based on newly available
data on greenhouse-gas emissions.
Some portfolio names don’t tout a
sustainable angle but are strong ESG
choices. Consider Parnassus Core
Equity (PRBLX), a building block for
an S-tilted portfolio that has outpaced
large blend peers in up and down mar-
kets. The fund screens out companies
that benefit from the production or sale
of alcohol, tobacco, weapons, nuclear
power, or gambling. Then it scouts for
companies with ethical practices and
good management before digging into
fundamentals and risk analyses.
The payoff for ESG investors isn’t
3-Yr
just a feel-good portfolio, but also one
19.8%
that can potentially achieve a higher
10.6
risk-adjusted return compared with
9.9
benchmarks, according to Morningstar
2.9
research. An ESG filter tends to re-
2.3
move companies with higher risk char-
-3.5*
acteristics that can drag returns. For
3.9
example, it would avoid a company
3.1
with unsafe products or inequitable
2.2
policies that could lead to damaging
4.4
lawsuits. “ESG isn’t the source of re-
4.9
turn,” Bernstein says, “but it’s another
lens to use when assessing risk.” B
S10
Companies Are Realizing
People Are Important, Too
By SARAH MAX
T
he “S” in ESG is for the ill-defined “social,” a
catchall for nonfinancial factors not related to
governance or the environment. A subset of the
S is rapidly emerging as a key factor in sustain-
able investing—how companies manage their
“human capital.”
The relationship between stock performance
and how companies recruit and treat their employees was
gaining attention even before the pandemic and protests;
now it stands as a defining factor in environment, social,
and corporate governance, or ESG, considerations. “Our
entire economy is shifting to an information economy, and
Illustration by ALEX NABAUM
BARRON’S
therefore people are ever more impor-
tant to company outcomes,” says John
Streur, president and CEO of Calvert
Research and Management.
Unlike governance and environ-
mental factors, social pillars—includ-
ing human capital—are tough to track.
Companies aren’t required to disclose
data on workforce composition, gen-
der, or ethnicity, but that could change.
In 2019, the Securities and Exchange
Commission proposed mandating
human-capital disclosures for publicly
traded companies, and SEC Chairman
Jay Clayton has said this is an area
where the SEC should move forward.
“There’s no line item for the treat-
ment of a company’s human capital,
but we’ve learned that how a company
treats what is likely its largest asset
determines the success or failure of
that firm for the long haul,” says Mal-
colm Ryerse, head of stewardship at
Columbia Threadneedle Investments.
Indeed, a growing body of research
draws a tight connection between em-
ployee happiness and company per-
formance. In a synthesis of more than
200 academic studies, happiness re-
searcher Shawn Achor found direct
causality between more-positive
mind-sets and improved productivity
June 29, 2020
and revenues.
It might be a lot to ask employees to
be happy, particularly in light of the
pandemic, but still other research
shows that engaged employees tend to
be more productive—and they’re more
apt to stick around. Companies pay a
high toll for turnover. The Work Insti-
tute estimates that voluntary em-
ployee turnover costs U.S. companies
more than $600 billion a year, or
about $15,000 for the average hire.
Diversity, equality, and inclusion
are critical parts of retention and over-
all performance. “In general, we know
that diverse teams are more innova-
tive—stronger at anticipating shifts in
consumer needs and consumption
patterns that make new products and
services possible, which can create
competitive advantages,” says Dan
Rourke, an ESG senior research ana-
lyst at Calvert.
It’s difficult to make apples-to-
apples comparisons between compa-
nies, and no organization is perfect.
“You need to triangulate the informa-
tion,” says Rob Wilson, a research
analyst at MFS Investment Manage-
ment, which has been nudging com-
panies to improve voluntary disclo-
sures. Yet many companies, including
these three, have taken steps in the
right direction—and have already seen
measurable results.
Best Buy
An Early Equality Initiative
When Best Buy (ticker: BBY) opened
its first Teen Tech Center in Minneapo-
lis, in 2013, the initiative was purely
focused on community impact: Give
teens from disinvested communities
access to tools and training to be pre-
pared for tech-reliant jobs of the future.
Today, there are more than 30 such
centers around the country, each serv-
ing 250 to 300 youths every year, and
Best Buy has plans to bring that num-
ber to more than 100. The centers are
a launch pad for jobs, internships,
scholarships, and the Geek Squad
Academy, a free summer camp for
youth in disinvested communities.
They also go beyond computer and
internet access and now offer re-
sources for filmmaking, music pro-
duction, and design, and include
collaborations, such as with Sony.
The initiative has evolved, and is as
much part of the company’s corporate
strategy as it is a philanthropic side
project. “It’s now one of our signature
programs,” says Andrea Wood, Best
June 29, 2020
Buy’s head of social impact.
Though the intent is to provide re-
sources and opportunities for teens, it
offers a double bottom line. “There’s an
economic benefit to the company by
effectively expanding its potential cli-
ent base and employee base,” says Co-
lumbia Threadneedle’s Ryerse, who is
based in Minneapolis, near Best Buy’s
Richfield, Minn., headquarters. “The
data continue to show that, particularly
among younger generations, people are
attracted to firms that have values that
are consistent with their own.”
The company sees the tech centers
as a great way to develop and recruit
talent and further engage existing em-
ployees, many of whom want to work
for a company that is making an im-
pact. “When we talk about stakeholder
capitalism, this is probably one of the
best examples because it touches on
customers, employees, and the com-
munity,” says Hellen Mbugua, ESG
senior research analyst with Calvert.
These efforts also help win customer
loyalty and keep Best Buy relevant at a
time when other retailers are reeling.
“They are basically the last bricks-and-
mortar electronics store still standing,”
says Mbugua, adding that Best Buy is
competing head-to-head with Amazon-
.com in its key categories. “One reason
they’ve been able to do this is by focus-
ing on their people.”
When the pandemic closed doors to
foot traffic, Best Buy shifted to a curb-
side-only operating model and re-
tained more than 80% of last year’s
sales over the last six weeks of first-
quarter fiscal 2021. Customer satisfac-
tion stayed high, and Best Buy’s do-
mestic online sales grew 155%.
Nvidia
Giving Employees the Resources
to Think Big
Many tech companies offer perks
aimed at keeping employees at their
desks—bottomless cold-brew coffee
and in-house concierge services—but
accelerated-computing company
“There’s no line item for the treatment of a company’s human
capital, but we’ve learned that how a company treats what is likely
its largest asset determines the success or failure of that firm.”
Malcolm Ryerse, head of stewardship at Columbia Threadneedle Investments
Nvidia (NVDA) wants to keep them
happier for longer, via employee bene-
fits and career development.
“We’re trying to solve challenges
that no one has solved from a techni-
cal standpoint, whether it’s through
autonomous driving or artificial intel-
ligence,” says Beau Davidson, vice
president of human resources. “To do
that, you need to create an environ-
ment where people can do their life’s
work.” The company’s core business
is in graphics processing units used in
gaming, cryptocurrency, and data
visualization, but new projects, such
as in artificial learning and deep
thinking, can take years to materialize.
Even before Covid-19, the Santa
Clara, Calif.–based company was a
perennial top performer for rankings
on innovation, inclusion, and work-
place benefits. Its family-friendly
policies are considered particularly
exceptional: unlimited benefits re-
lated to adoption and fertility, includ-
ing egg freezing; up to 22 weeks of
fully paid leave for pregnancy and
birth, and 12 weeks for adoption; plus
eight weeks of flex time so new par-
ents can ease back into work.
When Nvidia moved most of its
17,600 employees to home offices ear-
lier this year, it set up a single resource
center to provide answers and support
for a wide array of potential issues, be
it technology or mental health. The
company even hired a professional
storyteller and created children’s pro-
gramming to help parents entertain
and educate their cooped-up kids.
“They are always connecting back to
their employees as their most valuable
resource,” says Allison Shenoy, an ana-
lyst at Calvert who follows Nvidia.
Nvidia’s turnover is just 5.6% for all
employees, less than half that of the
typical technology company, based on
a LinkedIn survey. “We are not a hier-
archy-driven company, and that means
we need people to really get our cul-
ture,” says Davidson, a 16-year veteran
of the company. “We have a saying
here: The project is the boss.”
BARRON’S
Culture, along with policies and
benefits, must evolve to reflect the
needs of employees, customers, and
society. For this, Nvidia’s seven em-
ployee-resource groups—representing
minorities, women, veterans, LGBTQ
individuals, and people with disabili-
ties, among others—serve as a conduit
for that change. They meet quarterly
with CEO and co-founder Jensen
Huang so he can hear directly from
employees on where the company can
do better. These and other reasons
have earned Huang a spot on Barron’s
list of Top CEOs (see page 18).
Verizon
Communications
Walking the Talk on Diversity
It’s not enough to focus on diverse
hiring or antidiscrimination practices.
Companies interested in being truly
diverse need to actively recruit and
cultivate at every level. This is a phi-
losophy that Verizon (VZ)—which has
135,500 employees—has embraced
since the telecom giant was created in
2000 via the merger of GTE and Bell
Atlantic.
“From the very beginning, we real-
ized that we need to look like and un-
derstand our customers,” says Beth
Sasfai, the company’s chief ESG offi-
cer. “If we do not represent a diverse
viewpoint, we will miss our mark.”
This starts at the top. Out of nine
directors, four are black or Hispanic
and two are women. The number of
women is lower than usual, says Sas-
fai, because one of the female direc-
tors, Carol Tomé, left to become the
CEO of UPS in March, and another
chose not to stand for re-election.
Diversity continues to be a priority
in recruiting and selecting directors,
she says, though doing so requires go-
ing beyond the usual hunting grounds
of sitting CEOs at the largest publicly
traded firms. Indeed, among Fortune
500 companies, there are just four
black CEOs and 37 women. Companies
S11
also need to be more flexible about
board size. “If someone is a good fit,
you may need to recruit them when
they become available rather than wait-
ing for the perfect time,” she adds.
The payoff? “A large body of aca-
demic evidence shows that a collection
of perspectives leads to better board
decision-making and therefore better
business outcomes, but it takes time,”
says Columbia Threadneedle’s Ryerse.
It also requires taking that perspec-
tive beyond the boardroom and devel-
oping diverse talent and leadership at
every level. Verizon’s previous CEO,
Lowell McAdam, was outspoken on
the topic of diversity, and his succes-
sor, Hans Vestberg, is following a sim-
ilar path. Out of his nine direct re-
ports, four are white men. That
leadership team, in turn, is responsi-
ble for recruiting and developing the
next level of diverse talent. In 2019,
people of color and women repre-
sented more than 31% and 34% of
Verizon’s U.S. senior management,
respectively—and Verizon is tracking
those stats and looking to make im-
provements, Sasfai says.
Still, diversity is more than a num-
bers game. Verizon, like a lot of large
companies that are focused on improv-
ing employee engagement, offers sev-
eral programs designed to improve its
pipeline of talent. Verizon’s adfellows,
for example, is an eight-month fellow-
Happy ship that rotates participants through
Verizon, agency partners, and brand
Employees partners (such as American Express
Stay, and Walmart) to promote diversity of
and unhappy thought in the marketing industry.
employees leave. It’s also important to keep tabs on
That costs U.S. employee sentiment, which is why
businesses more large firms, including Verizon,
are using online surveys to routinely
$600 check in with employees and track
their progress. Sasfai and her team
billion
a year, or about
are also looking at ways to measure
and track results of the surveys.
“You’ll definitely see more from us on
$15,000 per per- this in the next year,” she says.
son who needs to And probably many other compa-
be replaced. nies, as well. B
S12 BARRON’S June 29, 2020

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