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VOL. CIV
NO. 44
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RETIREMENT
Long-
wrong.
on
security
financial
PAGE 16
for older
How it all
term care
insurance
supposed
to provide
OCTOBER 28, 2024
Americans.
BIG MONE Y POLL: BULLS SEE 7 % G AINS FOR STOCKS • PAGE 19
went terribly
ly
$5.00
NIGHTMARE .
2 BARRON’S October 28, 2024
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2014* Q3 2024**
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WE’RE DELIVERING
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92
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C O NT EN TS 10.28.24 VOL.CIV NO.44
P. 16 P. 19 P. 24
.
coverage decades ago are now on and more. The good news: Half of them think stocks could keep climbing. while new CEO Brian Niccol sets
ly
the hook for the industry’s budget By PAUL R. LA MONICA his turnaround plan in motion.
mess. A solution won’t be simple. By AL ROOT
Describe your investment outlook for U.S. equities in the next 12 months.
By ELIZABETH O’BRIEN
on
P. 27
P. 11
Economy: What Bond
Schneider Electric Has Yields Are Saying
the Power to Prosper
us ,
No matter the election outcome,
l
The company is in the sweet spot deficits really do matter.
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al a
of rising electricity demand and
50%
By RANDALL W. FORSYTH
the push toward sustainability. Its
ci on
stock could surge 25% or more. P. 30
By AL ROOT
Trader: Welcome to
Bullish the October Agita
32%
P. 12
Why the weeks ahead look fraught.
Robinhood Is Spiffing
er s
By JACOB SONENSHINE
Up Its Image
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Neutral
The trading app is enhancing its
m er P. 33
offerings in an effort to grow
beyond its “stock bro” roots. The
International: Stocks
top brokerages needn’t worry for Europe’s Rate Cuts
m rp
18%
about the competition—yet. There are pockets of opportunity
By ANDREW WELSCH in names such as Vinci and Kering.
By CRAIG MELLOW
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P. 14
P. 28 P. 7
Retirement: Make the
P. 15 Most of Your HSA
Be Smart About Up & Down Wall Street:
VOL. CIV NO. 44 OCTOBER 28, 2024 $5.00
How it all
went terribly
By ELIZABETH O’BRIEN
RETIREMENT
GM, Altria, and MGM Resorts are NIGHTMARE finance expert Christine Benz By BEN LEVISOHN
among a dozen names whose stock discusses moves to make in early Barron’s Roundtable
repurchases and dividends deliver retirement that can lower your P. 9
no
I N DEX
Our index lists significant companies mentioned in stories and columns, For Customer Service, call 1 (800) 544-0422, or go to
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A AbbVie . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 N Nasdaq Composite . . . . . . . . . . . . . . . . . . . . . . . . . 19 PayPal Holdings . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 S Sanofi . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
ly
Adecoagro . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 nCino . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 Pfizer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Schneider Electric . . . . . . . . . . . . . . . . . . . . . . . . . 11
Aflac . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Nvidia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22,24,55 Schroders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
Alphabet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,10 R Red Robin Gourmet Burgers . . . . . . . . . . . . . . 35 Sherwin-Williams . . . . . . . . . . . . . . . . . . . . . . . . . . 32
Amazon.com . . . . . . . . . . . . . . . . . . . . . . . 8,9,10,11,23 P Palantir Technologies . . . . . . . . . . . . . . . . . . . . . . 12 RH . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 Soleno Therapeutics . . . . . . . . . . . . . . . . . . . . . . . 35
American International Group . . . . . . . . . . . . . 15 Paramount Global . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Southwest Airlines . . . . . . . . . . . . . . . . . . . . . . . . . . 9
on
Robinhood Markets . . . . . . . . . . . . . . . . . . . . . . . . 12
Amphenol . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 S&P 500 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
APA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 S&P 500 Pure Value . . . . . . . . . . . . . . . . . . . . . . . . 9
Apple . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,10,24,55 Spirit Airlines . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
ASML Holding . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 Starbucks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,24
AT&T . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35
us ,
T Taiwan Semiconductor Manufacturing . . . . . . 10
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B Bayerische Motoren Werke . . . . . . . . . . . . . . . . 33 Tapestry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
e
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Bel Fuse . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 Tesla . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,12,22,23,54
Boeing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,24 Topgolf Callaway Brands . . . . . . . . . . . . . . . . . . 31
BorgWarner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Lachlan Murdoch, Executive Chairman, News Corp Trane Technologies . . . . . . . . . . . . . . . . . . . . . . . . 11
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Burberry Group . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 Rupert Murdoch, Chairman Emeritus, News Corp Trump Media & Technology Group . . . . . . . . 22
Robert Thomson, CEO, News Corp Almar Latour, CEO, Dow Jones
C Capri Holdings . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 U United Airlines Holdings . . . . . . . . . . . . . . . . . . . . 9
Charles Schwab . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 EXECUTIVE VICE PRESIDENT AND GENERAL MANAGER Dan Shar UnitedHealth Group . . . . . . . . . . . . . . . . . . . . . . . 18
Chevron . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
EDITOR IN CHIEF David Cho
Chipotle Mexican Grill . . . . . . . . . . . . . . . . . . . . . 24 V Vanguard Total Bond Market Index . . . . . . . . 21
er s
CoreCivic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 EXECUTIVE EDITOR Bob Rose SENIOR MANAGING EDITOR Lauren R. Rublin Verizon Communications . . . . . . . . . . . . . . . . . . . 35
CVS Health . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Viatris . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
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F Ferrari . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 SENIOR WRITERS Bill Alpert, Nicholas Jasinski, Tae Kim, Paul R. La Monica, Megan Leonhardt, Adam Levine,
Ford Motor . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,31,54
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Joe Light, Elizabeth O’Brien, Teresa Rivas, Ian Salisbury, Avi Salzman, Laura Sanicola, Rebecca Ungarino
Frontier Group Holdings . . . . . . . . . . . . . . . . . . . 10
FTSE RAFI US 1000 . . . . . . . . . . . . . . . . . . . . . . . 9 REPORTERS Jacob Adelman, Janet H. Cho, Adam Clark, Emily Dattilo, Catherine Dunn, Sabrina Escobar,
George Glover, Anita Hamilton, Callum Keown, Evie Liu, Shaina Mishkin, Josh Nathan-Kazis,
F
G General Electric . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
General Motors . . . . . . . . . . . . . . . . . . . . . 9,15,32,54 Angela Palumbo, Connor Smith, Jacob Sonenshine, Brian Swint, Karishma Vanjani, Andrew Welsch
GEO Group . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 STORY EDITORS Ed Lin, Erin McCarthy, Liz Moyer, Patrick O’Donnell, Stacy Ozol,
SENIOR AUDIO MANAGER Mette Lützhøft DIGITAL PRODUCERS Robert Cushing, Nick Devor, Clare McKeen
J Johnson & Johnson . . . . . . . . . . . . . . . . . . . . . . . . 10
n-
Your
.
ly
long-term
on
peace of mind
us ,
l
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al a
ci on
is always front
er s of our mind.
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October 28, 2024 BARRON’S 7
.
Afraid of Election Day.
factors. Legendary investor Stanley the Fed’s bond buying kept bond vola-
ly
Druckenmiller, chairman of Duquesne tility at ultralow levels.
Family Office, cited a rally in bank Bassman could find only one other
stocks as evidence that the market time when the MOVE Index jumped
on
Here’s How to Tell.
is betting that Trump will win the so much heading into a “fixed event,”
election—never mind that the Fed had as opposed to being taken by sur-
just cut interest rates, economic growth prise. That was in 1991, when George
was coming in strong, the companies H.W. Bush set a hard date of Jan. 15 as
us ,
had reported solid earnings, and JP- the deadline for Saddam Hussein to
l
Morgan Chase CEO Jamie Dimon had pull his troops out of Kuwait. “I can
e
al a
stopped sounding like Eeyore for the find only one other instance of simi-
inancial markets aren’t rate cut on Sept. 19, expectations for first time in memory. A 19% October lar ‘date specific’ uncertainty, and
ci on
predicting a Donald future cuts have gone from at least rally in prison operator GEO Group that was literally in anticipation of
Trump victory over three-quarters of a point during the was also seen as a sign of a likely a multinational war,” he writes.
Kamala Harris in remainder of 2024 to just one quarter- Trump victory, even though Core- What the market is afraid of re-
November’s U.S. point cut. That’s a result of stronger Civic, the former Corrections Corp. mains unclear. With polling showing
presidential election. economic data, including a better- of America, has risen just 7.7%. that the election remains a toss-up
er s
But that doesn’t mean than-expected jobs report and an What the bond market does seem between Harris and Trump, investors
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
they’re ignoring it, either. BY BEN ultrastrong retail sales reading, as to be signaling is fear on Election Day. may be afraid of a prolonged period of
That might go against the grain LEVISOHN
m er well as a hotter inflation reading. That fear has shown up in the ICE uncertainty before a victor is declared.
right now. Turn on the television or “Yes, fiscal concerns are real, and BofAML MOVE Index, which tracks (Voters on both the left and the right
read an article in a newspaper or on- elections and policies do matter to all fixed-income market volatility. Harley could probably conjure far more fright-
line, and there’s likely to be someone of us,” Essaye writes. “But the rise in Bassman, author of the Convexity ening reasons for the amount of uncer-
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explaining why financial markets are the 10-year yield to three-month highs Maven newsletter, notes that it’s a tainty being priced into the bond mar-
predicting a Trump victory. It may be seems to me much more the result of rolling index, so it’s possible to see ket right now.) But as far as the stock
the sharp rise in bond yields, the rise better growth, firmer inflation, and what the options volatility is before market is concerned, the outcome of
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
in Bitcoin, the strength of bank shares, a potentially less-dovish Fed than it an event day, like an election, and the presidential election has rarely
or even a big move in obscure stocks does some sudden bond market com- immediately afterward. been cause for concern—it goes up
co o
that few pay much attention to. But mentary on a potential Republican This year, the MOVE Index jumped regardless of which party controls the
these assets supposedly have the pre- sweep that could, at some point in the from 100.15 on Oct. 4, which captured White House.
F
dictive power of the Oracle of Delphi. future, result in a much worse deficit options that expire on Nov. 4, to 124.23 Since 1950, the S&P 500 index has
The truth of the matter is that read- gained 12.1% a year under Democrats
ing the financial market tea leaves is far and 7.1% under Republicans, accord-
from straightforward. Take the recent ing to BMO Capital Markets strategist
spike in Treasury yields. The 10-year Brian Belski, while only two presi-
yield has climbed from a low of 3.58% dents, Richard Nixon and George
on Sept. 11 to 4.23% on Oct. 23, a mas- W. Bush, had negative annual returns,
sive move that many have ascribed to which had as much to do with the
an increase in Trump’s odds of win- economies they inherited than any-
n-
the election in 2016, some investors sold “The inflation scenario, which we be-
all of their stocks, convinced that the mar- lieve is close to being overhyped in the
ket would fall. Instead, it rallied 13.8% a intermediate term, is inconsistent with a
year during his presidency. And I’m sure strong dollar, as is the new strong dollar
there were Republicans who did the same inconsistent with the silver breakout and
thing after Joe Biden won in 2020, only to gold trading at a new high,” writes Renais-
miss out on 11.9% annual gains. The same sance Macro Research’s Jeff deGraaf.
is true heading into 2024. The stock market remains in a state of
.
“I get asked just about every day, and limbo. The S&P 500 is down less than 10
ly
ahead of each election, by our financial points over the past two weeks, suggesting
advisors and clients whether we will alter a reluctance by investors to act, whether
to the next generation of our investment strategy depending on who because of the election, concerns about
on
wins the election,” wrote Peter Boockvar inflation, or the rise in bond yields. That’s
in the Boock Report newsletter this past despite an earnings season that has seen
us ,
that investing based on your politics is coming in 6.1% above expectations.
l
never a good idea.” “While we are focused on the election
e
al a
This, too, shall pass. and implications of higher interest rates on
stocks...the noise and the distraction make
T
Investing in Education, a program from
ci on
he market has tied itself in it vital that we don’t lose sight of what re-
Barron’s Group, provides students with knots—but the knots are about ally matters in the long term,” writes Ever-
to be untied. core ISI strategist Julian Emanuel. “Earn-
complimentary access to Barron’s and It wasn’t much of a week for ings drive stocks both individually and in
the stock market. The S&P 500 ended a the market as a whole. They always have,
MarketWatch digital content along with
er s
six-week winning streak, but fell just 1%, and they always will.”
experiential learning resources. We are
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not the kind of loss that usually causes a lot This coming week’s earnings will be
m er of hand-wringing. But right now, investors particularly important. Releases from
grateful for contributions from donors like are caught trying to process the possible Apple, Amazon.com, Meta Platforms,
you, who have made our program a success outcomes for three looming events—Big Alphabet, and Microsoft are due, and
Tech earnings this coming week, the elec- they possess the size and scale that will
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at more than 100 colleges, universities, and tion on Nov. 5, and the Federal Open Market move the S&P 500. While some are reluc-
Committee monetary policy decision on tant to give them the benefit of the doubt,
high schools since 2018. Nov. 6—while conjuring up explanations given the high bar for their earnings, big
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
that often say more about the human capac- beats by the likes of Western Digital and
ity for extracting meaning from random- Lam Research suggest there’s still life in
co o
The Fed cut interest rates by half a point in ber’s payrolls report, which might resolve
share your experiences with students September, which suggests that it was wor- the apparent contradiction in Fed policy, if
while philanthropically supporting a ried about the economic outlook. But the job growth comes in as expected at 117,500,
data have been so strong since then that the down from September’s 254,000. The Fed’s
school of your choice, please contact us at Atlanta Fed’s GDPNow model has the U.S. Beige Book, released this past Wednesday,
economy growing at a 3.4% clip in the third suggests that could be the case. It paints
[email protected] to learn more. quarter. Talk of a runaway Trump victory a different picture of the economy, one in
despite polls suggesting a too-close-to-call which nine of 12 regions are experiencing
race is also said to be affecting markets. flat or a small drop in economic activity and
n-
Combined, those two factors can lead companies face margin pressures as a result
to just one thing—inflation, which has be- of price-sensitive consumers.
come the bogeyman of the hour. The fear By the time the FOMC meeting rolls
of rising prices has been used to explain around on Nov. 6, investors may have a
no
why the 10-year Treasury yield has spiked good sense of what the central bank will do
to 4.23% and why the price of gold has and where Fed Chief Jerome Powell is likely
surged 2.9% in October to record highs. to steer policy. “We doubt the Fed will be as
Inflation, however, can’t explain why the aggressive in the future, but they will likely
U.S. dollar has gained 3% in October, which keep cutting rates in the coming months,”
is a bit unusual, since it rises either when writes DataTrek co-founder Jessica Rabe.
there’s a flight to safety, which doesn’t seem That just leaves the election. We’re
to be happening right now, or investors start keeping our fingers crossed that a winner
getting optimistic about the economy. It will be named sooner, rather than later. B
should have everyone questioning the
© 2024 Dow Jones & Company, Inc. All rights reserved. 2EIIE6217
inflation narrative that is being spun. email: [email protected]
October 28, 2024 BARRON’S 9
ST R E E T W I S E
An investor who bought the 10 cheapest S&P 500
stocks in equal amounts a year ago would have
made 52%, including dividends, since then.
.
pany, but some of them wind up posi- times earnings.
ly
tively surprising investors.” Walgreens Boots Alliance is in
earnings free-fall. Like many drugstore
A
n investor who bought the 10 chains, it’s being squeezed on reim-
on
cheapest S&P 500 stocks in bursements by industry middlemen
equal amounts a year ago called pharmacy-benefit managers,
would have made 52%, in- while sales of general merchandise
cluding dividends, since then, beating migrate to the likes of Amazon.com
us ,
what has been a stunning 41% return and Walmart. CVS Health, which is
l
for the index—but that doesn’t mean also struggling despite owning a large
e
al a
anything for future returns. Note that PBM and health insurer, has been clos-
eet the U.S. cheaper stocks, with two caveats. the best-performing stock from that ing stores. Rite Aid recently slashed its
ci on
stock market’s First, it isn’t just a handful of artifi- bunch—United Airlines, up 112%—is debt in a bankruptcy restructuring and
bottom of the cial-intelligence giants that have made still on today’s list, and still challenged. operates as a private company.
barrel: two car the U.S. stock market expensive. The Here are the current 10: Everest Group sells insurance to
makers and S&P 500 minus the so-called Magnifi- Viatris, at 4.4 times earnings, insurers and is solidly profitable and
one of their cent Seven still looks pricey. Second, remains the S&P 500’s cheapest growing. The stock has underper-
er s
suppliers, two investors looking for value stocks can stock. The company, created in 2020 formed on anxiety over global warming
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
oil drillers, a reinsurer, a drugstore, BY JACK do much better than simply buying through combining a Pfizer spinoff and the company recently adding to
a television broadcaster, an airline, HOUGH
m erthe 10 cheapest stocks in the S&P 500 with EpiPen seller Mylan, makes Via- loss reserves. Recent valuation: 6.5
and a company named in part for off- based on the P/E ratios listed below. gra, Lipitor, Celebrex, and other for- times earnings.
patent Viagra. They trade at four to For example, Invesco has a pair mer blockbusters. There’s plenty of Paramount Global combines a
eight times projected earnings, the of exchange-traded funds called free cash flow—more than $2.3 billion fading legacy TV business with a sub-
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lowest multiples in the S&P 500, at S&P 500 Pure Value (ticker: RPV), a year, management predicts. What’s scale streaming operation and a sto-
a time when the overall index has which is designed to track stocks missing is growth. The plan is to ried but struggling movie studio. The
ballooned to 25 times earnings, a with deep value characteristics, and spend half of the cash on dividends company is the subject of a takeover
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
level that has some market strategists FTSE RAFI US 1000 (PRF), which and stock buybacks and put the rest deal that critics say is more lucrative
predicting dim returns from here. weights companies by measures of toward in-house drug development for its controlling shareholder than for
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“The investment landscape today economic output rather than market and other ventures. Wall Street’s best its ordinary investors. A special com-
looks eerily similar to 1999,” wrote Ben size, creating a value tilt. guess is that revenue will continue mittee appointed by the board says it
F
Inker, co-head of asset allocation at GMO uses a strategy of buying the slipping before stabilizing in 2026. shopped around.
GMO, an asset manager, in a recent cheapest 20% of the U.S. stock market General Motors, at 5.3 times earn- Crude-oil prices are down about 19%
report. That year was around the peak and selling short, or betting against, ings, and Ford Motor, at 5.9 times, are over the past year on falling demand
of the dot-com stock bubble, and GMO the most expensive 20%, based on an struggling to get the timing and invest- forecasts, especially in China, where
calculated at the time that a 60/40 “extreme dislocation” in the relative ment spending right on the shift to the economy is weak and the shift to
portfolio of stocks and bonds was prices of the two. electric vehicles. The good news is that EVs has been rapid. That has Wall
priced to return only 2% after inflation So, consider the following list GM shares jumped 10% this past Tues- Street trimming earnings forecasts
over the following decade, versus 8% merely as an illustration of what’s day after the company topped Wall for drillers, sending share prices lower,
the prior decade. Stocks soon crashed. cheap and why. These companies Street forecasts and raised its guidance and landing two of them on this list:
n-
Today, Goldman Sachs and others aren’t about to fix their problems on what it called consumer strength. Apache owner APA, at 6.5 times earn-
are predicting a decade of paltry aver- ings, and Devon Energy, at 8.2 times.
age returns for stocks. That is based Finally, there’s United Airlines, at
in part on the cyclically adjusted price/ 7.3 times earnings, despite the big run-
no
earnings, or CAPE, ratio, which adjusts BARRONS.COM/PODCASTS up. J.P. Morgan, the biggest bull on the
for the tendency of earnings to inflate Street there, points to cheap carriers
near market peaks and shrink during
downturns. Today’s CAPE is higher
than it was just before the crash of
Barron’s Streetwise like Southwest Airlines adding fees
and upcharges. “For over a decade, we
believe Southwest and others struc-
1929, and only slightly lower than In a weekly podcast by Barron’s, columnist Jack Hough looks turally overearned at United’s ex-
before the 2000 crash. at the companies, people, and trends you should be watching. pense,” its analyst wrote earlier this
Bulls, meanwhile, say that Amer- This is Wall Street like you’ve never heard before. Subscribe month. “United is in the early innings
ica’s world-beating companies can to Barron’s Streetwise on Spotify, Apple Podcasts, of reversing this phenomenon.” B
keep shining. or your favorite listening app.
Worried investors can look to email: [email protected]
10 BARRON’S October 28, 2024
.
highs, and bond yields, the dollar, and Big Tech takes center stage as five
ly
Bitcoin rose. Tesla beat on earnings, of the Magnificent Seven release earn-
sending shares higher and igniting a ings. Alphabet is first out of the gate,
rally. On the week, the Dow industrials announcing quarterly results after the
on
lost 2.7%, the S&P 500 fell 1%—both closing bell on Tuesday, followed by
ending six-week win streaks—and the Meta Platforms and Microsoft on
Nasdaq Composite rose 0.2%. Wednesday. Amazon.com and Apple
report their earnings on Thursday.
us ,
Companies: McDonald’s shares Outside the tech sector, Visa reports
l
plunged after an outbreak of E. coli earnings on Tuesday, AbbVie and Eli
e
al a
was traced to the chain’s Quarter Lilly on Wednesday, and Mastercard
Pounders. Onions may be the culprit. on Thursday. Chevron and Exxon
ci on
Boeing workers rejected a 35% pay Mobil close out the week on Friday.
hike over four years as the company
took a $6 billion loss. Former Morgan
Stanley CEO James Gorman, slated to Thursday 10/31
Ferrari: Why
Exclusivity Sells become Walt Disney’s chairman in
er s
Ferrari has seen its shares soar by January, will lead the effort to replace The Bureau of Economic Analysis
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
selling fewer cars than the market CEO Bob Iger. The deadline: early releases the personal consumption
m er
Less Is More
demands. 2026. Starbucks suspended financial expenditures price index for Septem-
Ferrari Tesla Mercedes-Benz Group
guidance a week ahead of earnings. ber. Economists forecast a 2.1% year-
Taiwan Semiconductor said its chips over-year increase for the PCE price
50% were found in sanctioned Huawei index, one-tenth of a percentage point
m rp
phones. The Wall Street Journal re- less than in August. The core PCE,
Not just anyone can buy a Ferrari. The Italian 25 ported that Elon Musk has been talk- which strips out food and energy
sports-car maker has long aimed to foster its image ing to Vladimir Putin since 2022. prices, is expected to rise 2.6%, after
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
but shields Ferrari from booms and busts. a stake in Johnson & Johnson’s
-25
Ferrari stock is up nearly 43% year to date to consumer-products spinoff Kenvue... Friday 11/1
F
$484. In a recent note, J.P. Morgan says the stock Faced with public criticism, the
could hit $525 by next December. Ferrari’s strength -50 French government will buy a 2% The Bureau of Labor Statistics
contrasts with other luxury car brands, including 2024 Oct. stake in Opella, Sanofi’s former releases the jobs report for October.
Mercedes, BMW, and Porsche, slowed by weak Chi- Source: FactSet consumer products unit, which Clay- Consensus estimate is for a 110,000
nese demand. Ferrari sells less than 10% of its cars ton Dubilier & Rice is in talks to increase in nonfarm payrolls, after
in China, notes J.P. Morgan, sacrificing potential acquire...The WSJ reported that Fron- a 254,000 gain in September. The
growth to maintain exclusivity. As founder Enzo
Engineering Value tier Airlines is considering a new unemployment rate is expected to
Ferrari, which sells only 14,000 cars a
Ferrari famously said, “Ferrari will always deliver year, stands out in a top 10 of mass bid for the struggling Spirit Airlines... remain unchanged at 4.1%. Hurri-
one less car than the market demands.” car makers. A federal judge blocked Tapestry’s canes Helene and Milton, which hit
n-
Ferrari sells only about 14,000 cars a year. Profit $8.5 billion acquisition of rival Capri the Southeast in late September and
$0 billion $500 $1,000
growth comes from improving margins, with some Holdings on antitrust grounds. early October, could distort the data.
Tesla
new models selling for 20% to 30% more than pre-
vious versions. Ferrari customers don’t seem to Toyota Motor
no
.
ly
Schneider Electric might not be a household name, but it will continue to
benefit from growing demand for electricity. It’s time to buy the stock.
on
BY AL ROOT the market’s 21 price/earnings multiple.
A
At first glance, the valuation looks like
us ,
solar roof, a backup bat- a risk, but Schneider’s valuation isn’t
l
tery pack in the garage, an out of line with other high-quality U.S.
e
al a
electric vehicle or two in industrial stocks. Many industrials in
the driveway, heat pumps the S&P 500 index, including Trane
ci on
managing temperature, and Technologies and Amphenol, trade
multiple devices running for north of 30 times estimated 2025
cloud-based artificial-intel- earnings. Eaton trades for almost 29 Schneider’s technol- Its debt to estimated 2025 earnings mean bolt-on M&A, but it does mean
ogy helps custom-
ligence queries. That’s the future—and times. The valuation shouldn’t be a ers adapt to chang- before interest, taxes, depreciation, moving fast. Schneider organizes re-
it’s a future that means more business problem as long as earnings continue ing electricity and amortization is about 1.2 times. newable purchase power agreements
er s
generation while
for Schneider Electric. to grow. becoming more
Among AI-related industrial for smaller organizations looking to
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
Schneider might not be a house- CEO Peter Herweck expects that to efficient power stocks, Schneider is at the “top of the reduce their carbon footprint. It also
hold name in the U.S., but there’s a
m er
be the case. “From the mini to the mi- users. Above, a unit pack,” says Neuberger Berman portfo- started a business to transfer tax cred-
developed by
good chance an investor has one of its cro to the large grids to the equipment Schneider for lio manager Evelyn Chow. Its products its generated by renewable power
“Square D” breaker boxes in their that goes into digitization…that’s at the GreenAlp in Greno- not only help “power AI but are well projects, which effectively increases
basement. Its business is much more center of what Schneider does,” he ble, France. represented within the four walls of the capital available to build such
m rp
than fuses and electrical outlets, tells Barron’s. “Our market is going to the data center.” projects. These relatively smaller ini-
though. Its 168,000-strong global grow at 6% to 7% [annually] in the Beyond AI, Schneider benefits from tiatives serve Schneider’s existing
workforce makes hardware and soft- next four years. That’s unprece- sustainability, a topic that doesn’t get businesses, which help companies cut
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
ware enabling the electrification of dented.” talked about much anymore but is still carbon emissions and power usage.
just about everything. Wall Street sees earnings growing at a big opportunity. Companies building Schneider-specific “digital technolo-
co o
U.S. investors can think of it as a about 13% a year on average for the and operating AI data centers are ea- gies that are available today can achieve
combination of parts of Eaton and coming two years, better than the 10% ger to show that the electricity they up to 84% carbon reduction emissions
F
Honeywell International. It doesn’t expected annual growth from the aver- consume isn’t producing excess car- in an existing commercial building,”
take a back seat to either, though. age industrial stock in the S&P 500. bon dioxide and heating up the planet. says Mike Kazmierczak, Schneider’s
Schneider’s market value, at almost Herweck, however, wants to try to do Amazon.com and Microsoft have vice president of digital energy.
$150 billion, tops both of those peers. better than that. He’s targeting top-line both signed deals with power produc- J.P. Morgan’s Wilson rates shares
Sales in 2024 are expected to come in growth of 7% to 10%, which should, in ers to procure nuclear-based electric- the equivalent of Buy and has a 270-
at about $41 billion, up about 5% from turn, drive faster earnings growth. ity generating capacity this year. euro ($291) price target for the stock—
the previous year, driven, in part, by Some of that growth will come from For Herweck, capturing sustain- or just over $58 per U.S.-listed Ameri-
insatiable electricity demand from mergers and acquisitions. In early Oc- ability business doesn’t necessarily can depositary receipt—up about 13%
power-hungry AI data centers. If all tober, the company acquired a control- from recent levels. Each ADR (ticker:
n-
goes well, the stock can gain 25% in ling stake in liquid cooling company SBGSY) represents one-fifth of a
the coming year. Motivair. Today’s data centers can re- Schneider Electric Schneider share, which trades under
Schneider is in “the top tier of quire advanced thermal management Electrical Power Products Manufacturer the symbol SU in France.
global industrials offering a straight- that goes far beyond fans blowing cool His target values Schneider stock at
no
and most reliable way to play electrifi- rope, while demand for liquid cooling 250 Market Value $11.40. With some benefit from M&A,
cation,” writes J.P. Morgan analyst tech is expected to grow at 40% a year $149.1 B Schneider’s EPS should approach $12
Andrew Wilson. “A simple play that on average for the coming few years. 200 in 2026. At an Eaton-like multiple,
ticks all the right boxes.” Schneider is paying about $850 2025E P/E that’s a $340 share price, up about
Ticking all the right boxes doesn’t million—a mid-single-digit multiple of
150 25.7 30% from recent levels.
come cheap. The stock has gained Motivair’s sales. That shouldn’t stress 100 Dividend Yield
Even if valuation multiples don’t
about 75% over the past 12 months and Schneider’s balance sheet. The com- expand, things should turn out just
trades for about 26 times estimated pany is expected to generate about
2022 '23 '24 1.5% fine for Schneider. All of the trends in
2025 earnings per share, a premium to $4.4 billion of free cash flow in 2024. Note: E=estimate Sources: Bloomberg, FactSet the markets it serves are friends. B
12 BARRON’S October 28, 2024
who opened accounts to invest signifi- for instance. Robinhood, which made
cant assets on the platform. Piper a name for itself in part by charging
Sandler analyst Patrick Moley esti- no commissions, posted its first profit-
mates that 10% of U.S. adults cur- able quarter in 2023.
rently have a funded account at Robin- As of June 2024, Robinhood has
hood, but the company has less than provided customers more than $200
0.3% of the $65 trillion worth of retail million in matches on asset transfers
assets in the U.S. and retirement account contributions,
To achieve its lofty ambitions, according to the company. That
Robinhood will need the help of the helped Robinhood bring in net depos-
700-plus app users who assembled its of over $13 billion during the sec-
.
in Miami at the HOOD Summit 2024. ond quarter; the company’s assets
ly
(Robinhood paid for attendees’ tickets under custody ended the period at a
and hotel stays at the invite-only record $140 billion, up 57% year over
event, but Barron’s paid for a re- year. Retirement assets more than
on
porter’s hotel stay.) These customers doubled to nearly $9 billion.
can be Robinhood’s fiercest advocates Tenev tells Barron’s the incentive
and critics. matches provide “added impetus” for
It’s a point that clearly isn’t lost customers to move assets. “We know
us ,
on CEO Vlad Tenev, who riffed on moving accounts can be painful,” he
l
it from the conference stage before says. “You have to put in energy.”
e
al a
Robinhood Markets unveiling Legend. Tenev read from The incentives come with some
CEO Vlad Tenev at
the HOOD Summit users’ social-media posts critical of handcuffs. Customers have to agree to
ci on
2024 in Miami. Robinhood’s platform, such as, “If you maintain the assets at Robinhood for a
insist on using Robinhood, your op- period of two to five years; they face a
tions are extremely limited,” he said. penalty if they withdraw funds early.
“Some of the best and most common They also have to subscribe to Rob-
Robinhood IsGrowingUp.
strategies are used on futures and inhood’s Gold service, which provides
er s
indices which you can’t trade on Rob- additional benefits and tools and costs
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
without alienating the stock bros who fueled its initial growth. investors who transfer assets to Rob- to 95% as of June 2024, according to
inhood’s platform. Robinhood. Many customers have
F
It’s an expensive tactic that the snapped up what they see as a good
BY ANDREW WELSCH to assuage user concerns about gaps company has deployed before with deal. “When they bumped it up to 3%
O
in its offering. And it debuted a new success. Executives have said the for Gold subscribers, I was like, that’s
ver three days in a hotel desktop trading platform, called Rob- practice is profitable for Robinhood a no-brainer,” says Tijs Limburg, a
in downtown Miami, inhood Legend, to win market share because it encourages customers to software product manager from Salt
hundreds of Robinhood with active traders. Those moves come take advantage of Robinhood’s ser- Lake City. “I’m blown away no one
Markets users talked amid a multiyear effort by Robinhood vices and it draws clients who have else is doing this.”
about investing—a lot. to broaden its offerings in hopes of average balances higher than Robin- Robinhood’s main task now is to
During coffee breaks, being investors’ one-stop shop for all hood’s typical customer. increase wallet share. It also has to
n-
they swapped stories of their financial needs. On an earnings call in May, Chief attract a broader group of investors as
about their wins and losses. In line Can a company best known for a Financial Officer Jason Warnick said well as ones who want more help on
At a nighttime dance party in Miami become a mature business? A lot has match, two to three years. “We’re customer anywhere in the world, we
Beach, they dished about sectors in changed since 2021’s meme stock seeing the 2023 cohorts already pay- can be the place where they keep their
favor and those in the doghouse. It craze, when Robinhood gained mil- ing off, and 2024 is off to a great assets and execute all their financial
was an event for serious investors, lions of users and drew regulatory start,” he said. transactions,” Tenev tells Barron’s.
and investors serious about their scrutiny over lax compliance and the Robinhood can afford to offer these
brokerage platforms. gamification aspects of the app. So far, incentives because its expense struc- Role Reversal
It was also an opportunity for shareholders have been embracing ture is so different from traditional The Menlo Park, Calif.–based com-
Robinhood to advance an ambitious Robinhood’s transformation. The brokerage firms, says Devin Ryan, pany was founded 11 years ago by
growth strategy. The company, which stock has soared 110% this year. director of financial technology re- Tenev and Baiju Bhatt, who stepped
organized the conference (its first for Robinhood has big opportunities search at Citizens JMP. The company down from his post as chief creative
active traders), unveiled new features ahead, especially if it can get clients has no bricks-and-mortar locations, officer earlier this year. It soared in
October 28, 2024 BARRON’S 13
Robinhood's Account Growth Has Slowed...but Assets Are Climbing wealth transfer, it still has some hur- traders and add features that will help
The number of active accounts at Robinhood Incentive matches for clients to transfer assets dles to remove. For instance, it doesn’t retain customers.”
boomed during the meme-stock era. to Robinhood have fueled recent growth. currently support traditional mutual In August, Moley changed his rat-
Annual Growth in Assets funds, where you will find much of ing of Robinhood to Overweight from
30 million $150 billion America’s retirement assets. “The Neutral. He says the company has
only reason I keep a Schwab account done a “good job on being disciplined
25
is because they have a few things Rob- on expenses while also launching new
20 100 inhood doesn’t,” says Limburg, who products.” He thinks it can capture
has used Robinhood for nine years more of the active trader market and
15 and Schwab for 15. benefit from the future growth of mil-
Tenev acknowledges the problem lennials’ wealth.
.
10 50 and says they are working on adding
ly
5
mutual funds. “We have to strike the Back at the Hotel
right balance between filling gaps and During the conference, the group of
0 0 investing in infrastructure and adding traders milled about, test-drove Leg-
on
2018 '19 '20 '21 '22 '23 '24 2018 '19 '20 '21 '22 '23 '24 new things,” says Tenev. “That’s the end at demo stations staffed by Robin-
Note: 2024 data through June 30. Source: company data hard part of the job.” hood employees, and debated whether
it was time to delete those other trad-
The Graduation Myth ing apps from their phones. Some
us ,
popularity—and gained notoriety— shop, we have to have it,” says Chief Robinhood’s customers are a passion- were taking a wait-and-see approach.
l
during the pandemic’s meme stock Brokerage Officer Steve Quirk. ate lot. Aaron Cook, a user since 2017, Krishna Khadka, a Robinhood user
e
al a
craze, and was also heavily criticized. Quirk declined to go into details. says he cut his teeth as an investor since 2017, has used Scottrade, TD
In June 2021, Robinhood agreed to But given Robinhood’s tech-heavy using the app to trade stocks and Ameritrade, Webull, and E*Trade.
ci on
pay $70 million to settle allegations by approach, it is probably safe to say it options. He’s excited about the new Robinhood lacks some features he
the Financial Industry Regulatory will be low-cost and won’t involve desktop platform and the ability to would like, such as a more robust
Authority, the industry’s self-regula- human financial advisors operating trade futures. Cook says his Tampa research section. But Robinhood’s
tory organization, that the company out of bricks-and-mortar locations. In neighborhood was battered by Hurri- user interface keeps him logging back
had negligently provided customers July, Robinhood bought Pluto, an in- cane Milton just a week before the in. “One of the best things about Rob-
er s
misleading information about their vestment research company that uses Oct. 16-18 conference. Shingles were inhood is the UI,” says the electrical
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accounts and that it approved custom- artificial intelligence to develop cus- missing from his roof, and power had engineer from Evansville, Ind. “Their
ers to trade options when it wasn’t
m er
tomized investment strategies. been restored only a day earlier. Yet design makes it so easy.”
appropriate to do so. At the time, it Adding a financial-advice option Cook drove the four hours to Miami Would he consolidate his assets at
was the largest penalty that Finra had could complement Robinhood’s mis- for the conference. “I wouldn’t have Robinhood? Not yet. He wants to see a
ever dished out. In settling the matter, sion to serve active traders, says missed it for the world,” he says. few other improvements and try out
m rp
Robinhood neither admitted nor de- Quirk, a former TD Ameritrade exec- The company has been shedding the latest additions before fully com-
nied the charges. utive. He notes that it’s common for the so-called graduation myth—or the mitting. “Futures look interesting, but
It went public a month later, pric- investors to take a DIY approach for idea that as its users become more I’m a little hesitant until I learn more
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
ing its initial public offering on July 28 part of their portfolio, while leaving sophisticated investors, they move about it,” he says.
at $38 a share and closing the day at the bulk in an advisory solution. “Un- on to other brokerage platforms— Mayank Goel, an electrical engineer
co o
$34.82, down more than 8%. It fell as til we expand into wealth manage- says Moley, the Piper Sandler analyst. from Portland, Ore., says he became a
low as $6.89 in June 2022. ment, we aren’t getting that portion “I think coming out of 2021, they were Robinhood customer about four years
F
Robinhood has since worked to of their business,” Quirk says. “And sort of known as the meme stock- ago because it charged no commis-
expand and diversify its business. In frankly, it is often the biggest part of broker,” he says. “I think they were sions and the app was easy to use. He
recent years, the company has added their overall wealth.” looked at as not being very sustainable says he’s a long-term investor and
new products such as credit cards and and maybe cyclical. But since then, invests in a combination of individual
cryptocurrencies. Wealth Transfer they have worked to appeal to active stocks and index exchange-traded
But Robinhood still has far to go to Like other financial-services compa- funds. “I don’t go to Reddit forums
catch up to leading brokerage brands nies, Robinhood wants to capitalize and put all my money in meme
in terms of size and the depth of offer- on the multitrillion-dollar inheritance Robinhood Shares Play Catch-Up stocks,” he says.
ings. Charles Schwab and Fidelity, to that baby boomers will one day leave Its stock has soared this year, but remains below its 2021 Limburg also describes himself as
n-
name two, are much bigger by total to millennials and Gen Zers. There’s a IPO high. a “serious long-term investor.” You’ll
assets, at nearly $10 trillion and $14 good chance that younger Americans Robinhood Markets Charles Schwab Interactive Brokers Group find index funds and individual stocks
trillion, respectively; Robinhood had aren’t going to keep using their par- 150%
in his portfolio, as well as income-
$143.6 billion in assets as of the end of ents’ financial providers after receiv- oriented investments such as the JP-
no
the second quarter. Schwab and Fidel- ing their inheritance; they’ll probably 100 Morgan Equity Premium Income
ity also have more-diversified busi- move that money to their preferred ETF. “I’m a boring trader. I’m not
ness models, with large retirement- brokerage or financial advisor. 50 wallstreetbets,” he says, referring to
plan components and wealth manage- Robinhood is in the enviable posi- the popular Reddit channel.
ment services in addition to do-it- tion of having a customer base that 0 If Robinhood continues its trans-
yourself brokerage platforms. tends toward the younger side. Half formation, it may win over more in-
Robinhood executives say they are of its 24 million funded customers are -50 vestors like him—and their assets.
striving to narrow the gap. For in- millennials ages 27 to 43, and 25% are Investors will be closely scrutinizing
stance, the company intends to launch under 27, according to the company. -100 the company’s third-quarter earnings,
a wealth management offering next If Robinhood wants to be on the 2022 '23 '24 expected to be announced on Oct. 30,
year. “If we want to be a one-stop receiving end of the generational Source: FactSet for signs that it is doing so. B
14 BARRON’S October 28, 2024
.
Calculations of where interest rates should be hang on a data-dependent be feeling its way through, to some boost returns on investment and drive
ly
economic theory full of uncertainties. Is the neutral rate a fairy tale? extent,” says Tom Porcelli, PGIM demand for savings, lifting the neutral
Fixed Income’s chief U.S. economist. rate. Technological advances like auto-
With the fed-funds rate at a target mation and artificial intelligence are in
on
range of 4.75% to 5% today—well the early stages of flowing through to
above most approximations of the economy.
neutral—it’s an academic exercise. It could mean that the productivity-
The debate could get contentious growth story has legs. “Spending on
us ,
when rates near estimates of neutral. [research and development] and busi-
l
And, of course, markets will be ea- ness investment has revved into
e
al a
ger to know where the Fed’s interest- higher gear since the pandemic, and
rate cuts will stop in a no-recession we haven’t yet seen most of the gains,”
ci on
scenario. says Olu Sonola, head of U.S. eco-
nomic research at Fitch Ratings.
T
he conceptual origins of the Reshoring of supply chains means
neutral rate can be found in higher investment spending today,
late 19th century research by then higher productivity tomorrow, he
er s
Swedish economist Knut Wick- adds. Newly constructed factories are
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BY NICHOLAS JASINSKI restrictive. The Federal Reserve of New York—currently spits out a matter which party controls Washing-
T
is chasing a neutral
The problem is, no one really rate number, but real, or inflation-adjusted, neutral rate ton after the November elections, a
he Federal Reserve’s fate knows what the neutral rate is. Policy- even Fed Chair of about 0.7%, or a nominal 2.7% in- balanced budget isn’t likely in the
Jerome Powell
is written in the stars—the makers themselves disagree, as shown admitted, “I think
cluding the Fed’s desired inflation coming years.
R-star, that is. The concept by the Federal Open Market Commit- we don’t know... rate. That’s on the very low end. Ten On the other side of the ledger are
of the neutral rate of inter- tee’s September update to its quarterly realistically, we’ll different estimates of the real neutral forces that weighed on the neutral
know it by its
est, often stylized as R*, has Summary of Economic Projections. works.” rate recently compiled by Deutsche rate before the pandemic. Chief
become the guiding theory The median forecast for the longer- Bank economists range from the HLW among them is an aging global popu-
for Federal Reserve officials run fed-funds rate, seen as a proxy for model’s 0.7% to 2.5% on the high end, lation, which means slower workforce
n-
working on nailing a soft landing for Fed officials’ collective estimate of the with an average of 1.5%. growth and more retirees—who tend
the U.S. economy in 2024 and 2025. neutral rate, rose for a third straight This suggests that the fed-funds to save more and invest in safer,
A key sticking point with the neu- quarter, to 2.9% in September. rate is heading to the neighborhood of lower-returning assets.
tral rate: It isn’t measurable in real But within that collective number 3.5%—a meaningfully higher neutral Ed Yardeni, president of Yardeni
no
time. It’s theoretical and only some- was a range of more than a percentage rate than the one that prevailed in the Research, is no fan of the neutral rate
what observable in hindsight. R* refers point between the highest and lowest U.S. economy in the decade from the theory. He argues the Fed should be
12 Companies That
Return Gobs of Cash
.
These are the companies that return the most cash to shareholders through a
ly
combination of stock repurchases and dividends.
on
BY ANDREW BARY trading in the 30s. It’s now trading around
$53. It has bought back more than 20% of
M
any investors like to buy compa- its stock in the past year.
us ,
nies that return gobs of cash to Wells Fargo’s heavy stock repurchases
l
investors through a combination of have paid off, with the stock recently rally-
e
al a
stock repurchases and dividends. ing about 20% on rising investor optimism
A high return of capital to shareholders about the bank’s outlook amid hope that a
ci on
can be doubly favorable. It’s an indicator of longstanding asset cap that has damped
strong free cash-flow generation and shows earnings will be removed by banking regu-
that companies are willing to share that lators in 2025.
bounty with their investor base. It can also Altria, the tobacco company, is the only
be a strong management endorsement of company on the list with a focus on divi-
er s
the stock. dends. With its stock around $50, Altria
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General Motors, Marathon Petro- yields over 8%, second in the S&P 500 to
leum, Wells Fargo, and American Inter-
m er
Walgreens Boots Alliance. Altria aims to
national Group are near the top of the list pay out about 80% of its earnings in divi-
among companies in the S&P 500 index. dends and boost the payout at mid-single-
They have total yields (buyback yield plus digit annual pace through 2028.
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dividend yield) of more than 15% in the The Invesco Buyback Achievers ex-
past 12 months, according to research from change-traded fund (ticker: PKW) is among
Goldman Sachs. the few ETFs with a repurchase orientation.
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
The group’s stock performance is mixed. It buys stocks of companies that have retired
GM tops the list with a roughly 50% gain at least 5% of their shares over the prior 12
co o
this year. Much of its buyback came in one months; it’s reconstituted annually in Janu-
fell swoop in late 2023, when it did a well- ary. Some of its largest holdings are AIG,
F
timed $10 billion repurchase with the stock PayPal Holdings, Aflac, and MetLife. B
Money Machines
These companies offer high total yields as a result of both buybacks and dividends.
Recent YTD Buyback Dividend Total
Company / Ticker Price Change Yield Yield Yield
AMERICA’S
some vetting for “quality and value,”
an AARP spokesperson says. AARP
added that insurers determine premi-
ums and says, “We suggest directing
any questions about Genworth premi-
NEW INSURANCE
ums to Genworth.”
Genworth made misjudgments, like
the rest of the industry, on three key
factors in early long-term care pricing:
.
how many people would retain their
NIGHTMARE:
ly
policies, how many people would go
on claim, and how severe those claims
would be, says Nick Sheahon, leader
on
of Genworth’s active LTC insurance.
LO N G - T E R M C A R E
A DEBACLE WITH
MANY CAUSES
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A robust long-term care insurance
l
market could have supported aging
e
al a
baby boomers and eased financial
Premiums have soared for people who bought policies decades ago. pressure on the government for their
Their dilemma: Pay far more or brace for crippling bills to cover care in old age.
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care. Yet the traditional product has
largely collapsed: Insurers issued just
35,000 stand-alone policies in 2023,
down from more than 585,000 in
BY ELIZABETH O’BRIEN 2000. Premium revenue plummeted
er s
from $1 billion in 2002 to $143 million
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
W
hen Loren Pen-
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65 will need long-term care—seven in age—now face soaring premiums as an industry trade association.
man and her hus- 10 of the 11,200 baby boomers who insurers try to curb benefits, incentiv- Insurance is supposed to be built on
band were in reach that age every day—from help at ize people to drop their policies, and layers of fail-safe mechanisms to pro-
their 50s, they home with daily tasks to full-service stabilize a product that was riddled tect consumers and keep the market
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bought long-term nursing. with faulty actuarial assumptions stable. Almost every one of them failed
care insurance. The couple took com- The country’s patchwork system of when it was first sold, leading it to be for LTC insurance, whose initial pricing
fort in the big names behind it: Gen- eldercare isn’t equipped to meet the drastically underpriced. was based on models that didn’t pan
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
worth Life Insurance and AARP, moment. Medicare doesn’t pay for the Insurers aren’t the only ones bear- out. “It was a perfect storm, where a
which advertised the policy and han- routine help that most older adults ing responsibility. Individual states, bunch of things went against assump-
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dled their payments. After 16 years, will eventually need, and most fami- which regulate insurance, fumbled tions,” says Laurel Kastrup, a member
the Batavia, N.Y., couple say they spent lies don’t have nearly enough saved to their job of vetting the actuarial mod- of the American Academy of Actuaries’
F
more than $94,600 on the insurance. cover it. The system leans heavily on els and were too slow in approving Long-Term Care Committee.
Now, they face a wrenching di- unpaid family and Medicaid as a price increases as insurers got into Launched in the 1970s, LTC insur-
lemma: Keep the insurance at much safety net. Yet while Medicaid is the financial trouble, resulting in today’s ance skyrocketed in popularity in the
higher premiums or brace for poten- largest payer—spending $207 billion exorbitant price hikes. late 1990s as the oldest baby boomers
tially crippling bills on their own. in 2021—it is only available to people AARP, the organization for older turned 50 and began planning for re-
Genworth is asking regulators to ap- with low incomes and asset levels, adults with nearly 38 million mem- tirement. Insurers priced it aggres-
prove a 143% hike in premiums that based on state criteria. bers, also played a role. The nonprofit sively.
would take the Penmans’ annual cost The issue is getting some political organization, through a commercial The market was ultracompetitive,
to $25,800. If the Penmans, retired attention. Vice President Kamala Har- subsidiary, marketed long-term care says Jim Glickman, a former president
n-
schoolteachers, don’t pay up, the cou- ris has proposed expanding Medicare policies issued by Genworth for years, of the Society of Actuaries and presi-
ple could keep the insurance without to help cover long-term care at home, earning royalties and profiting off the dent and CEO of LifeCare Assurance
owing more premiums. But the bene- but even if she prevails in the election business. Those payments were dis- Company, a long-term care reinsurer.
fits would be capped at far lower lev- and gets a cooperative Congress, it may closed in its financial statements and Agents would conduct “fire sales” of
no
els—not even covering a year in a not happen for years. Donald Trump’s fine print but were hardly prominent policies when they knew a newer ver-
long-term care facility. campaign has addressed the issue, enough for many consumers to no- sion would soon hit the market, un-
“We can’t afford the increase, but saying it would shift resources to home tice. Some consumers say they had no loading lower-price policies that
we can’t afford to walk away from the care, fix worker shortages, and support idea AARP wasn’t endorsing the in- would almost certainly need premium
15-plus years of premiums we’ve al- unpaid family caregivers “through tax surance after a review of the options hikes on unsuspecting customers,
ready paid,” says Loren Penman, 71. credits and reduced red tape.” on the market. Glickman says.
America spends lavishly on health- Private insurance was supposed to AARP, in a statement to Barron’s, Genworth, one of the biggest issu-
care, reaching $4.5 trillion in 2022. Yet be an answer to the country’s inade- said it “passively licenses its intellec- ers of the policies, hired celebrities to
that outlay still leaves coverage holes. quate system. Yet Americans who tual property to commercial benefit pitch the product. The company paid
One of the biggest is long-term care. bought coverage decades ago—count- providers and receives royalty pay- up to $25 million on a 2004 ad cam-
An estimated 70% of people turning ing on it for financial security in old ments in return.” AARP Services In- paign featuring Steffi Graf and Andre
October 28, 2024 BARRON’S 17
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For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
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F
Agassi, according to news reports at John Blau, 90, of cies reprice every six months or year, figured that 5% of policyholders ized 5% a year.
New York City, is
the time. An ad featured the married facing a 271% rate allowing insurers to adjust premiums would drop their policies every year, “It was described as the Cadillac,”
tennis stars at the kitchen table saying increase on his quickly to changing economic condi- resulting in no claims. In reality, just says Michael Hacker, 81, a New York
Genworth policy.
they didn’t understand annuities or It was $829 a
tions. These policies can also be can- 0.5%, or 1 in 200 people, dropped policyholder who bought a Genworth
long-term care insurance; Genworth quarter and will celed by the carrier, whereas LTC in- their insurance over at least the past policy in 2009 to cover his wife and,
n-
said it could “help figure it all out.” rise to $3,078 a surance is guaranteed renewable as 10 to 15 years, Glickman says. like Penman, is facing the prospect of
quarter when
Representatives for Graf and Agassi fully phased in. long as premiums are paid. “When people bought policies, they a 143% increase.
couldn’t be reached. Moreover, with life insurance and were like pit bulls—they never let go Medical advances also raised costs
For insurers, it looked like a win- annuities, there are far more-predict- of them,” says Marc Cohen, co-direc- for insurers. For one, cancer used to
no
win: Revenue could be plowed into able outcomes—a lump-sum payout tor of the LeadingAge LTSS Center at be more fatal than it is today. And as
bonds, earning interest income; and on death or payouts when an annuity University of Massachusetts Boston. more people live longer, they develop
the liabilities, or payouts, wouldn’t is converted into a revenue stream. Consumers in many cases were dementia in greater numbers, extend-
Photograph by Benedict Evans
arise until far in the future. “Compa- “With life insurance, you have one doing the right thing by holding on to ing the costs of care for many more
nies thought everything was rosy, thing that can happen,” Kastrup says. their policies. Dropping the insurance years.
because no one was filing claims,” “With long-term care insurance, there could mean losing thousands of dol- Furthermore, insurers’ costs rose
Glickman says. “People hadn’t aged are more variables.” lars in sunk costs. And the benefits more than expected as people started
enough yet.” With LTC insurance, small and were rich: Many old policies paid out using assisted living facilities, which
What’s more, LTC policies didn’t gradual shifts in usage wound up hav- for an unlimited amount of time and didn’t exist when the first policies
follow the same patterns as insurers’ ing big effects over time. In the early had 5% inflation protection, increas- came out. Those policies were basi-
other products. Auto and home poli- days, for instance, insurers commonly ing the value of services by an annual- cally nursing home insurance. And
18 BARRON’S October 28, 2024
because nursing homes were often Long-Term Care Insurance Goes From Boom to Bust Premiums are expected to be more
considered a last resort, they didn’t Premium revenue for long-term care insurance is down 86% on an annualized basis since 2002 as sales of stable on newer stand-alone policies,
result in too many claims, says Robert stand-alone policies have collapsed. since insurers have corrected the
Eaton, principal and consulting actu- Revenue From Premiums Policies Sold faulty assumptions in early pricing.
ary in Milliman’s long-term care prac- $1,200 million 600 thousand
Yet the industry has largely shifted to
tice. As assisted living emerged as a hybrid policies that combine perma-
more appealing alternative, costs for 1,000 500 nent life insurance with some LTC
insurers ballooned. coverage. If the care coverage isn’t
800 400
The bond market didn’t help mat- needed, policies pay out a death bene-
ters. Insurers factor in the yields on 600 300 fit that roughly amounts to a return of
their bond investments when pricing the premiums paid.
.
400 200
policies, counting on the income to Some consumers are wiling to take
ly
pay claims. Yet nearly two decades of 200 100 a financial hit on their old policies to
falling yields created holes in their get into a hybrid version. Tony Pon-
0 0
models. In a simplified example, if a del, a Certified Financial Planner in
on
policy was priced at a 6% interest rate 2000 '05 '10 '15 '20 2000 '05 '10 '15 '20 Skokie, Ill., dropped his Genworth
which then dropped to 4%, an insurer Note: Individual LTC insurance, annualized Source: Limra's U.S. Individual Long-Term Care Insurance Sales survey LTC policy in 2021, after spending
would need to boost the premium by around $45,000 in premiums since
45% immediately to cover benefits for 2006. In its place, he and his wife
us ,
the duration of the policy, according to the possibility of any increases—much Incorporated as a wholly owned tax- bought a National Guardian Life In-
l
Glickman. Insurers eventually had to less multiple outsize jumps—was able subsidiary of AARP Inc. In 2023, surance Company policy for a one-
e
al a
hike premiums sharply, partly to downplayed by insurance agents, sev- AARP collected $1.1 billion in royal- time payment of $56,000. “We wrote a
make up for the lost bond income. eral consumers and industry experts ties from its affiliations across product check and I never have to think about
ci on
Regulators, in some ways, allowed tell Barron’s. categories and $1.2 billion in insur- this again,” he says.
all this to happen. The biggest pre- “We can understand why they’re ance premiums that it then paid to Some new ways of funding LTC are
mium increases tend to be in states upset,” says Genworth’s Sheahon. carriers, including revenue from in- emerging. Limited eldercare is gradu-
with stronger consumer protections, However, premium increases are nec- surers like UnitedHealth. The organ- ally becoming a benefit at large firms.
such as New York and California, essary to ensure that Genworth can ization also earned income on the pre- Washington state is now imposing a
er s
which were slower than peers to ap- honor claims. “Us being there at the mium revenue by investing it before payroll tax to fund modest LTC bene-
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prove initial rate bumps that insurers time of claim is very important.” the transfer to insurers. fits for residents.
sought, according to Douglas Baker, a
m er Critics of AARP, which long mar- Today, AARP markets long-term On the federal level, Congress
director in Fitch Ratings’ U.S. life in- keted insurance through licensing care insurance through a partnership could step in with tax incentives for
surance group. When insurers finally deals with carriers, say it bears some with New York Life. A disclaimer on companies or impose new taxes to
got their requests approved by regula- responsibility for the tough spot con- the bottom of the AARP webpage fund a government benefit, says Joe
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tors, they made up for lost time with sumers are in. In 2007, AARP an- notes, “AARP commercial member Brusuelas, chief economist at RSM, a
steeper increases. nounced a partnership with Genworth. benefits are provided by third parties, middle-market consultancy. Expand-
The New York State Department of “That has / that is what sold us,” Pen- not by AARP or its affiliates. Provid- ing Medicare is another option, which
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
Financial Services declined to make man says. ers pay a royalty fee to AARP for the Harris has proposed funding through
Superintendent Adrienne Harris John Robinson, a financial planner use of its intellectual property.” savings on drug costs in the program.
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available for an interview. But it has in Hawaii, thinks AARP’s brand and Some people with old LTC policies Genworth, meanwhile, is one of the
acknowledged mistakes. In 2023, the marketing helped sell the products. “I have a great deal, assuming they make few insurers still plowing ahead. It is
F
agency published a report on LTC believe AARP was complicit insofar good use of it. Those with unlimited requesting premium increases of more
insurance, saying, “Rate-approval as it knew very well that consumers benefits could get their money’s than 100% in some states. And after
decisions were too conservative, par- would believe that AARP was endors- worth, even after big rate increases, if years of losses and fighting class-action
ticularly in the early part of the rele- ing the product,” says Robinson, who they wind up in an assisted living lawsuits over the policies, the company
vant period.” has helped many consumers navigate facility for more than a few years. is sounding upbeat to Wall Street.
rate increases. But the choices are tough. Gen- Genworth recently told investors it
DEALING WITH LTC “A majority of members view worth, for instance, has offered the had an “outstanding quarter” with
INSURANCE TODAY AARP as honest and trustworthy,” a Hackers the option of scaled-back premium increases averaging 47%.
Consumers like New Yorker John Blau spokesperson tells Barron’s, citing the coverage or a fully “paid up” policy The company is trying to shift more
n-
feel they were fleeced. The New York organization’s customer-loyalty mea- with a lifetime cap of $109,000. That policyholders to reduced benefit levels
State Department of Financial Services surement. sum wouldn’t cover even one year in a and says the number of policyholders
approved a 271% rate increase on his Genworth ended its partnership skilled nursing facility at a median with “lifetime benefits” has been re-
Genworth policy that will be phased in with AARP in 2013. But an online cost of $179,220 today in their area, duced by 50% since 2012. It’s plan-
no
over several years. It was $829 a quar- message board affiliated with AARP according to Genworth’s estimates. ning to re-enter the market with a
ter and will go to $3,078 when fully is filled with consumers who feel Buying the insurance today would redesigned and reduced coverage
phased in. “They’re really sticking it to “stranded,” in the words of one post. be pricey and cover far less. Even a product in 2025.
us,” says Blau, 90, who lives alone and Consumers complained that AARP scaled-back policy with benefits simi- None of this would help couples
says paying the full $12,000 a year didn’t help them when they called to lar to the Hackers’ would come with a like the Penmans, who thought they
would be a hardship. “It’s not my fault ask what to do about premium in- lifetime cap of six years (versus her were doing the responsible thing, only
they made a mistake.” creases. “Here we are left at the mer- original unlimited duration) and an to stare down a difficult choice 16
Blau and other policyholders say cies of Genworth,” one post says. annual premium of $41,070, accord- years later. “We’re willing to pay our
they never expected premiums to rise The deals have been lucrative for ing to an illustration for Barron’s by fair share,” Loren Penman says. “But
so much. While the fine print on poli- AARP. Its financial statement for the American Association for Long- our fair share has turned into some-
cies noted that premiums could rise, 2022 and 2023 lists AARP Services Term Care Insurance. thing astronomical.” B
October 28, 2024 BARRON’S 19
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For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
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F
U
Big Money Poll: What’s
BY PAUL R. LA MONICA
50%
.
The optimists expect the Dow industrials, S&P 500,
ly
and tech-heavy Nasdaq all to rise by about 7% to 8%
23%
through the end of 2025. The bears look for the Dow to fall Bullish
9% through the end of 2025, the S&P 500 to give up 14%,
on
and the Nasdaq to decline 20%. 8%
Based on their mean estimate, the Big Money pros ex-
pect earnings to grow 14% next year, roughly in line with
Wall Street forecasts. That suggests they think much of the
32%
Neutral
Bullish Neutral Bearish
us ,
good news is already reflected in stock prices. After all, the
l
S&P 500 is trading for 21 times 2025 estimated earnings, Is the U.S. stock market
e
18%
overvalued, undervalued, or
al a
above its five-year average.
Only 3% of managers consider the stock market under- fairly valued at current levels?
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valued today, while 43% say stocks are overvalued, on par Bearish
with last spring’s result. Yet, just 7% say disappointing 54%
earnings are the biggest risk for stocks in the next six
months. 43%
“Anything can happen with geopolitical issues and the
er s
elections, but companies have managed to maintain strong What is the biggest risk the stock market will face
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financial positions to weather the storms,” says Joseph in the next six months?
Parnes, president of Technomart Investment Advisors.
m er
Advances in artificial intelligence should help boost Resurgent inflation 23%
earnings and productivity, he adds.
3%
L
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Geopolitical turmoil 15%
loyd Khaner, chief investment officer of Khaner Cap- Overvalued Fairly valued Undervalued
ital, is bullish because the Federal Reserve and cen- Economic slowdown/recession 14%
tral banks in Europe and Asia are cutting interest
Where do you expect the
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
rates and taking other actions to stimulate their Excessive valuations 12%
economies. “Stocks should continue to move higher,” he following market measures to
co o
says. “We are likely to get one or two more rate cuts from trade as of June 30, 2025, and
Political turmoil in the U.S. 11%
the Federal Reserve this year, and several more next year. Dec. 31, 2025?
F
That should lead to a rising stock market domestically and Disappointing earnings 7%
BULLISH 6/30/25 12/31/25
internationally.”
Yet, some managers worry that the economy will Monetary policy mistake 6% DJIA 44,798 46,137
weaken faster than the Fed can cut rates, especially after S&P 500 6085 6273
the central bank hiked interest rates 11 times from March Other 12%
2022 through July 2023 to cool inflation. Carolyn Taylor, Nasdaq 19,053 19,695
founding partner with Weatherly Asset Management, says
she expects a modest economic slowdown, even though she
thinks the Fed is “doing a fairly decent job with interest
PERFORMANCE BEARISH 6/30/25 12/31/25
n-
60%
still “riding on the coattails of the best performers” and 55%
that the rally will have to broaden out further to be sus-
tained. Otherwise, he says, it will be hard to justify more 45%
40%
PREDICTIONS
big gains—and even higher multiples—for stocks.
Chris Ryan, CEO of Ryan Investments, agrees. He be- Predict the levels of the following
lieves that the economy is likely to slow and that analysts’ one year from now.
expectations for S&P 500 earnings growth in 2025 are
Oil (Nymex, per barrel) $76.23
“ridiculous” and “overestimated.” Based on estimates gath-
ered by FactSet, analysts see S&P 500 earnings growing by Gold (per troy ounce) $2,719
15% next year, to about $274. Ryan’s earnings target implies
Bitcoin $60,558
a decline of nearly 8% from estimated 2024 levels. Yes No
October 28, 2024 BARRON’S 21
.
Fixed income Cash 3% bear market.”
ly
54%
Other 7% Smead’s father, Bill Smead, the founder and chief invest-
ment officer of Smead Capital, is also concerned, saying
54%
Cash that stocks are now in the midst of a “financial euphoria”
on
54% Which major equity market will perform best in the that he likens to 1929, just before the historic market crash
next 12 months? of that year. He also sees similarities to the roaring stock
54% market of 1999, just before the tech bubble burst. “Money is
Other* U.S. 48% just sloshing around,” says Bill Smead.
us ,
54%
l
Emerging markets 18%
he comparisons to the late 1990s tech mania, not to
e
*Note: Other includes hedge funds, venture
al a
capital, private equity, private credit, gold, China 16% mention the ’29 crash, might sound hyperbolic, but
commodities. not to Steve Cucchiaro, CEO and chief investment
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Europe 14% officer of 3EDGE Asset Management. “We could
have a market meltup,” he says. “But as stocks get more
Which major equity market will Japan 4%
overvalued, there is a higher probability of a big draw-
perform best in the next 12 months?
down.”
Much of the market’s rise this year reflects “trend fol-
er s
27% 34% 39% Which equity sector is most attractive today? Which lowing and fear of missing out,” he says.
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is least attractive? Energy is the Big Money managers’ favorite market sec-
Small-caps Mid-caps Large-caps
m er tor, while the group is split on the outlook for technology
MOST ATTRACTIVE LEAST ATTRACTIVE
stocks. Ryan favors utilities, known for their big dividends,
Will the Magnificent 7 stocks lead
Energy 20% Information tech. 22% and calls them a “better defensive play” in a frothy market.
He says he is also allocating more money to bonds, via the
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the market in the next six months? Information tech. 16% Consumer discretionary 18%
Vanguard Total Bond Market Index fund and longer-
Industrials 13% Utilities 14% duration Treasuries.
31% Yes 69% No Healthcare Real estate
Nearly 60% of Big Money poll participants predict that
12% 11%
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
Where is the best place to park cash right now? fiscal power—continues to increase its debt, the only solu-
U.S. high-yield
9% tion is for currency devaluation.”
corporate bonds
Treasury bills 43% Medway sees gold eventually hitting $5,000 an ounce
if inflation fears persist. That would be up more than
Money-market
32% 80% from current levels. In the shorter term, he thinks
Mortgage-backed mutual funds
securities
6% that gold could climb to $3,500 an ounce. The Big Money
Short-term U.S.
14% managers’ mean prediction puts gold at $2,719 in the next
government bond funds
Certificates of 12 months.
3%
Treasury inflation deposit Gold could catch a further bid later this year, especially
6%
protected securities High-yield savings if there is more volatility surrounding the election and its
3%
accounts immediate aftermath. But, as Chris Fasciano, senior portfo-
22 BARRON’S October 28, 2024
.
3.5% or
President Kamala Harris, although 47% expect Harris to 14%
more
ly
be the victor.
About 70% say Trump would be better for both the Predict the growth rate of real U.S. GDP in 2024 and
stock market and the economy, with the managers citing 2025. Is the Federal Reserve’s current
on
the prospect of further tax cuts for the wealthy and busi- 2024 41% policy stance...
nesses. 2025
31% 32% 16% Too loose?
With the ratio of U.S. debt to gross domestic product
approaching 125%, debt reduction should be the No. 1 35% Too right?
us ,
priority for the next administration, say half of the Big 19%
l
15% 14% 49% Just right
Money men and women. Reform of entitlement spending 12%
e
al a
7% 8% 8%
also is high on the list. Yet, neither Trump nor Harris is 7%
4%
running on a platform of fiscal conservatism, with both 2% 1% 1%
0%
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promising tax cuts and more spending. “I don’t see any -2.0% -1.0% 0.0% 1.0% 1.5% 2.0% 2.5% 3.0% or Where will the federal-funds rate
more target range be at the end of
way to get out of this debt problem,” says Donald
Note: Percentages don’t add up to 100 due to rounding.
Sazdanoff, owner and CEO of Sovereign Asset Manage- 2024 and 2025?
ment. “I’m disappointed that neither candidate or party is
Below 1% 2024
talking about the budget.” What will the 10-year Treasury note yield one year from 3.00% 7%
er s
2025
Sazdanoff thinks that stocks could still rally into year now? 3.00%- 0%
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
end, but is more bearish about the intermediate and long 25% 3.25% 5%
m er
term. And, he is worried that 10-year yields could creep 3.25%- 1%
19% 18%
higher on fears about inflation. Indeed, almost a quarter of 3.50% 12%
Big Money managers consider resurgent inflation the big- 11% 11%
3.50%- 4%
3.75% 24%
gest risk facing the stock market. “Eventually, the bond 8%
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vigilantes may step in,” says Sazdanoff. “We’ve seen this 3.75%- 5%
3% 2% 3% 4.00% 20%
movie before.”
4.00%- 10%
The Big Money managers might favor Trump, the candi- 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 4.50% 4.75% 5.00%
4.25% 12%
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
or less or more
date, but they aren’t enthusiastic about the business pros- 4.25%- 35%
pects of Trump Media & Technology Group, the parent 9%
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4.50%
company of the Truth Social social-media platform. DJT— Will the U.S. Dollar Index (DXY) strengthen, weaken, or 4.50%- 32%
the stock is often known by its ticker symbol—went public 4.75% 6%
stay the same in the next 12 months?
F
earlier this year after a merger with a blank-check firm. 4.75%- 12%
5.00% 5%
S
23% 49% 18% 5.00%- 0%
ix survey participants named it the most overvalued 5.25% or 1%
stock in the market. While that was down from 16 in Strengthen Weaken No change above
the spring poll, it was still enough to make Trump
Media the third-least-liked stock by respondents.
Only Nvidia and Tesla received more votes for “most POLITICS AND POLICY Which economic issue
should be the highest
overvalued”—and that was before Tesla’s 21% rally on
Thursday. Former President Vice President Which party priority for policymakers in
n-
Sazdanoff calls Nvidia, which has soared on explosive Donald J. Trump Kamala Harris will control the next administration?
sales of the company’s AI chips, the market’s most over- the House of
valued stock. He thinks that Nvidia eventually could face a Which candidate do Representatives Debt
50%
tougher challenge from semiconductor rivals. “With all you favor in the Nov. 5 37% 63%
and Senate
reduction
no
new industries, there is an initial stage of hype and then a presidential election? after the 2024 Entitlement
14%
pullback over time,” he says. “The more money that gets election? reform
Whom do you expect
poured in, the more competitors there will be. They may Less
to win the Nov. 5 47% 53% Democrats 13%
not dethrone Nvidia, but they could eat into its market regulation
presidential election? Republicans
share over time.”
Controlling
Still, there are plenty of Big Money Nvidia bulls. Jim 83% 8%
69% 71% inflation
Luffman, with CPS Invest, is one of three respondents to Which candidate,
as president, would 53%
47%
select Nvidia as his top pick. He argues that the company Other 8%
be best for the stock 31% 29%
has immense pricing power because it faces so little com- 17%
petition. “Could some other company come in and take market and economy?
Tax reform 7%
their place?” he says. “Maybe. But short term, they are the Economy Market House Senate
October 28, 2024 BARRON’S 23
.
casts. Houghton considers Meta
ly
Platforms the stock with the most
upside over the next 12 months, and
says it could be dominant in AI. He
on
thinks the company is more disci-
plined than in the past in keeping
expenses down. “They found religion
with cost-cutting when they were
us ,
beat up by spending concerns,” he
l
says. “It feels like there is more mo-
e
al a
mentum here.”
Peter Tuz, president of Chase In-
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vestment Counsel, was one of the 20
Big Money respondents to call Tesla
the most overvalued stock. Tuz is
concerned about Tesla’s “valuation,
coupled with more competition”
er s
from other EV makers and hybrid-
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T E C H T R ADER I N C O M E I N V E ST I N G
How Meta Beat Apple New CEO Hikes
And Google in AI Starbucks’ Dividend
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ly
on
BY ADAM LEVINE to produce positive results. BY AL ROOT news delivered all at once.
Unlike many artificial-intelligence Recently, new Boeing CEO Kelly Ort-
O T
ver the past two years, much of firms, Meta released its Llama language his past Tuesday, Starbucks berg announced some 17,000 layoffs and
us ,
Wall Street’s fascination has models as open source for most use cases. preannounced terrible quar- $5 billion in one-time charges, pushing the
l
focused around Nvidia. But By being open source, it was able to essen- terly results, suspended finan- airplane maker’s third-quarter loss north
e
al a
lost in the chip maker’s magi- tially crowdsource improvements to its AI cial guidance—and raised its of $10 a share. Before that, in 2018, Gen-
cal run is an almost as impressive feat models. Meta has since released new ver- dividend. That’s not how this is sup- eral Electric CEO Larry Culp slashed his
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from Meta Platforms, the parent com- sions in fairly rapid succession. posed to work, but it may explain why company’s quarterly dividend to a penny
pany of Facebook. Meta AI, which is free across Meta’s the stock rose 0.9% after the bad news per share as he struggled to manage the
Over the past 24 months, Meta shares platforms, has impressed critics and was released. company’s enormous debt load.
have soared 344%. Among the Magnifi- users. Its live image-creation tool, in For Starbucks’ fiscal fourth quarter Ortberg and Culp took dramatic
cent Seven group, Meta lags behind only particular, is innovative and rivals other ended in September, comparable-store action to put their troubled businesses
er s
Nvidia and its 1,029% run. AI products. sales sank 7% year over year, worse than on firmer financial footing. Niccol, and
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The company was struggling to find its As of Aug. 29, Meta said it had 185 mil- the 3% drop in the previous quarter. In the Starbucks board, decided to raise the
identity after having changed its name
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lion weekly active users for Meta AI. the U.S., comparable transaction volumes company’s quarterly dividend amid re-
from Facebook. TikTok was stealing the Around the same time, OpenAI cited 200 sank a brutal 10%. What’s more, earn- cent turmoil. It’s a sign that despite prob-
attention of some of its users, and Meta million users for ChatGPT. ings per share based on generally ac- lems, free cash flow isn’t drying up. Wall
was still dealing with a new privacy fea- Meta is now spending once again, cepted accounting principles came in Street expects Starbucks to generate
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ture from Apple that was making it largely focused on the outlay for Nvidia at 80 cents. Wall Street was looking for about $3.5 billion in free cash flow in
harder for Meta to target its ads on graphics processing units. closer to $1, according to FactSet. fiscal-year 2025. The new dividend will
iPhones. OpenAI and other companies offering Investors didn’t seem sure how to consume roughly 70% of that amount.
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
In 2022, Meta’s revenue declined for its generative AI services have converged on a react. Starbucks shares opened down The dividend looks secure, leaving
first time ever as a public company. Until monetization model focused around sub- about 3% on Wednesday—already a small investors to get paid an above-average
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then, growth had never been slower than scriptions and other pay-for-service ap- decline, given the size of the miss—only rate while Niccol works his management
21% in any year. proaches for corporate clients. to finish the day higher. The dividend magic. He has a track record. He arrived
F
Meanwhile, Meta’s virtual-reality and Meta is taking a different monetization might be offering some support. Star- at Chipotle in early 2018. Over his tenure,
augmented-reality efforts were driving path—no charges at all. Just like its social- bucks will now pay 61 cents a quarter, up operating profit margins improved by
huge losses in the company’s Reality Labs media services, Meta AI chatbots are pro- from 57 cents. The new payout implies a roughly 10 percentage points, and sales
segment. vided free on its platforms. As a company yield of about 2.5%, a little better than the growth dramatically accelerated. Chi-
The stock bottomed on Nov. 4, 2022, at where 98% of 2023 revenue came from 2.4% average yield for dividend-paying potle stock closed in 2017 at about $6 a
an intraday low of $88.09. Since then, ads, it isn’t hard to see where this is stocks in the S&P 500 index. share, adjusted for splits. Shares now
Meta shares are up more than 550% to a headed. A high yield doesn’t mean much, trade for closer to $60.
recent $574, spurred first by cost cutting For now, Zuckerberg has said the com- however, if the business is deteriorating. While Baird analyst David Tarantino
and then by renewed growth. pany is focused on improved engagement Starbucks’ struggles have been well docu- called the guidance suspension “disap-
n-
CEO Mark Zuckerberg launched 2023 with AI tools. “We’ll focus on monetizing mented. Pricing, service, and even poli- pointing,” he still believes that Niccol will
as the company’s “Year of Efficiency,” it over time,” he told investors in July. tics have hit sales growth, leading the turn Starbucks’ fortunes around. Near-
slashing expenses. Given its advertising expertise and ex- coffee chain to look outside for leader- term priorities include “improving staffing
But another thing happened in 2023: perience, Meta could end up being an ship. Former Chipotle Mexican Grill levels, simplifying the menu, fixing [pric-
no
Meta started showing more ads to users in early financial beneficiary of generative AI CEO Brian Niccol was named chairman ing], elevating the customer experience,
its “Family of Apps,” which includes Face- services. and CEO in August. He started at Star- and refining mobile order/pay.” Cost-
book, Instagram, and WhatsApp. While When the company reports earnings bucks in early September, when the stock cutting is probably on the docket, as well.
its “daily active people” count rose by 8% on Wednesday, Wall Street analysts ex- was trading for about $77 a share, about Tarantino rates shares Buy and be-
that year, ad impressions grew by 28%. pect earnings growth of 19% to $5.21 a 20% lower than it is now. lieves they can reach $110 in a year. “We
The company attributes the growth in share and revenue of $40.2 billion, up It can be a little jarring when a new also see a more bullish scenario for the
impression in part to Reels, its TikTok 18% from a year ago, according to Fact- CEO comes in. New management has stock over the next two to three years,”
rival on Instagram. Set. no incentive to sugarcoat any problems he writes.
The moves were defensive ones—and Expect Zuckerberg and Co. to take an- of the past, and there is a tendency to He remains “confident” in Starbucks’
ultimately effective. But Meta made a stra- other victory lap on the earnings call. deliver what is unimaginatively called potential. The dividend hike is a sign
tegic choice along the way that continues They’ve come a long way in two years. B a “kitchen sink” quarter with a lot of bad that Niccol is confident, too. B
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
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October 28, 2024
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BARRON’S
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26 BARRON’S October 28, 2024
SLOAN’S VIEW
More indexing leads to less interest in individual
stocks, which leads to fewer IPOs and fewer
investible stocks available to retail investors.
.
High Isn’t the Only
ber of stocks in the Wilshire rose by made it easier for private-equity funds
ly
about 30%. and other buyers to do debt-financed
These days, though, media-star- corporate takeovers, reducing the
type money managers tend to be number of investible stocks.
on
Record Being Set
hedge fund or private-equity types. However, now that interest rates
We also hear quite a bit about Jack have risen, the days of debt-heavy
Bogle, founder of Vanguard Group deals may be coming to an end.
and the father of retail-oriented index Will this help stop the number of
us ,
funds. investible stocks from shrinking in-
l
And as many of us know, actively definitely, which makes investing less
e
al a
managed mutual funds tend to under- interesting—and less fun—for those of
ould you BY ALLAN the Wilshire went on a tear, adding perform their equivalent index funds. us interested in individual stocks, as I
ci on
believe that SLOAN thousands of new components and That leads to more and more indexing. assume many Barron’s readers are?
the number The writer is an peaking at 7,378 stocks on March 31, More indexing leads to less interest in Right now, there seems to be noth-
of U.S. independent 1998. individual stocks, which leads to ing that will reverse that trend. But
stocks in- business journal- Since then, however, the number of fewer IPOs and fewer investible sooner or later, something will. Be-
cluded in ist and seven- stocks in the index has been declining, stocks available to retail investors, cause on Wall Street, as in life, noth-
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a leading time winner of and had fallen by 55% as of Oct. 18. and a smaller number of stocks in the ing is forever. B
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total stock market index can hit an the Loeb Award, What’s going on here?
all-time low on the same day that the
m er
business journal- According to the folks at Wilshire
total value of those stocks hits an ism’s highest Indexes, a major factor in the falling The Incredible Shrinking and Growing Public Market
all-time high? honor. number of investible stocks is that The Wilshire 5000 has fewer stocks than ever...
Well, you should believe it, because there are far fewer initial public offer- Stock Count
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it’s true. In fact, it has happened sev- ings than there were when 5,000 was 8,000
eral times lately, most recently on Fri- becoming too small a number for a
day of last week. total market fund. 7,000
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
At market close on Oct. 18, the FT In the 1990s, there were 4,092
Wilshire 5000 Total Market Index IPOs. The numbers then fell sharply,
co o
6,000
reached its highest value ever, $58.76 to 1,299 IPOs from 2000 to 2009 and
trillion, while the number of stocks in to 1,170 from 2010 to 2019. 5,000
F
the Wilshire was down to 3,326. That’s There are also more companies
the lowest number of stocks in the going private or being acquired than 4,000
index since it was created in 1974. there used to be, which has reduced
These days, the Wilshire 5000 the number of stocks in the Wilshire. 3,000
name feels like a misnomer, given Through Oct. 18 of this year, 342
1975 '80 '85 '90 '95 2000 '05 '10 '15 '20
how few stocks are in the index. stocks left the index and only 265
However, I don’t expect Wilshire stocks joined it. That reduced the to-
Indexes to change the metric’s name tal issues in the index by 77. Last year, …but they’re collectively worth more than ever.
to the FT Wilshire 3000 Total Mar- 607 stocks departed the Wilshire and Market Capitalization
n-
ket Index anytime soon. Or ever. only 481 joined, a drop of 126. $60 trillion
What is this combination of record The rise in indexing by retail inves-
high value and record low number of tors is also a major factor in the drop, 50
components telling us? It’s a sign of says Philip Lawlor, managing director
no
40
how the market has changed in recent of market research at Wilshire In-
years, with indexing becoming more dexes. “There has been a huge shift to
30
popular and fewer new issues being passive funds in recent years,” he told
made available to retail investors. me in a Zoom interview from Wilshire 20
If you look at the nearby charts, Index’s headquarters in London.
you will see that at the end of 1974, Back in the day, Lawlor recalls, 10
the Wilshire had 4,700 stocks. That Peter Lynch, who ran Fidelity’s Ma-
was close enough to 5,000 to make gellan Fund from 1977 to 1990, was 0
“Wilshire 5000” a credible name for the go-to guy for media people like 1975 '80 '85 '90 '95 2000 '05 '10 '15 '20
a total market fund. me who were writing about markets.
After falling to 4,121 stocks in 1979, When Lynch was running Magel- Note: 2024 data as of Oct. 18 Source: Wilshire Indexes
October 28, 2024 BARRON’S 27
THE EC ONOMY
Longer-term rates have moved up in tandem with
expectations for a Republican president. But
correlation shouldn’t be mistaken for causation.
.
Sniffs Inflation. It Isn’t
That said, there are differences Washington team, led by Dan Clifton.
ly
between tax and spending proposals That will be because of another round
from the candidates. Trump’s plans of fiscal follies as the debt ceiling is hit
would increase the deficit by $7.5 tril- in January, releasing liquidity into the
on
All About Trump.
lion over 10 years, while Harris’ pro- financial system as Uncle Sam runs
posals would boost it by $3.5 trillion, down his cash balance while he’s
according to projections from the non- unable to boost borrowing.
partisan Committee for a Responsible Moreover, Strategas’ Clifton thinks
us ,
Federal Budget. that the Congressional Budget Office’s
l
But it is far from certain what fiscal fiscal-2025 deficit estimate will have to
e
al a
measures either Trump or Harris be lowered from $1.9 trillion, in part
ond yields have risen Republican candidate will win the would be able to get through what could because of capital-gains taxes from
ci on
sharply in recent White House. But correlation be a divided Congress. (Odds favor the this year’s stock rally.
weeks, and the popu- shouldn’t be mistaken for causation. GOP recapturing the Senate, while the The wealth effect, stemming from
lar narrative is that House of Representatives could swing a 41% rise in the S&P 500 index since
S
the market is casting imilarly, the notion that the back to Democratic control.) its 52-week low almost exactly a year
its ballot for Donald bond market suddenly awak- “We are apparently a lot more ago on Oct. 27, 2023, and the apprecia-
er s
Trump. ened to the budget deficit skeptical than many that a 2024 tion of home prices, along with fiscal
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But the bond market’s action re- BY RANDALL beggars belief. After all, the Trump win will mean even more fiscal stimulus from the Washington, D.C.,
flects a presidential campaign from W. FORSYTH
m er current Biden administration just stimulus,” stated Capital Economics’ deficits, are why the U.S. economy has
years past. “It’s the economy, stupid,” finished fiscal 2024 (ended on Sept. 30) macro and markets teams in an Oct. defied persistent forecasts of a reces-
as James Carville, manager of Bill with a shortfall of $1.8 trillion, equal to 24 note. “We suspect the threat of a sion, said Doug Ramsey, chief invest-
Clinton’s 1992 presidential campaign, about 6.5% of gross domestic product. seriously adverse reaction in bond ment officer of the Leuthold Group,
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famously said. That’s a tide of red ink unheard of markets will rein in Republicans’ on a webinar for clients on Thursday.
This time, the economy is not only except in recessions or times of war. desire for tax cuts and limit them to Even though 90% of equities and
doing well but getting even better. The Both former President Trump and extending the original Trump tax cuts associated funds are owned by the
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
market’s reaction has been to send the Vice President Kamala Harris, his due to expire at the end of 2025.” wealthiest 10%, this asset inflation
benchmark 10-year Treasury yield Democratic opponent, are touting poli- That recalls Carville’s other famous tends to seep into consumer inflation,
co o
soaring by 0.6 percentage points this cies that will only increase the deficit. financial observation from three-odd he observes. That accounts for massive
past week, to 4.25%. Underlying the “In this unserious campaign, domi- decades ago: “I used to think that if discontent on Main Street and de-
F
move are fears of greater inflation, nated by debate over who’s a fascist there was reincarnation, I wanted to pressed consumer confidence, he adds.
after the Federal Reserve cut interest or who looked impressive in a locker come back as the president or the pope As for the candidates’ budget pro-
rates by half a percentage point in room, most major issues have been or as a .400 baseball hitter. But now posals, Steven Blitz, TS Lombard’s
September, with the economy strong ignored,” veteran Washington watcher I would like to come back as the bond chief U.S. economist, deems them
and unemployment low. Typically, “political statements.” The main dif-
rates are cut when the economy and ference is Trump’s proposed tariff
the labor market are faltering. It's the Economy, Stupid hikes, which could raise $331.1 billion
The charts nearby show the As U.S. economic data improved... …bond yields rose, despite the Fed rate cut. from a 20% levy on all imports plus
synchronous rise in the Bloomberg Citi Economic Surprise Index 10-year Treasury yield an additional 50% tariff on imports
n-
Economic Surprise index (which 30 4.3% from China, according to Tax Foun-
measures whether and by how much dation estimates. That effectively
20 4.2
economic data top or lag consensus would amount to shifting the funding
forecasts) and the benchmark 10-year of government with an income tax to
no
10 4.1
Treasury yield. The relationship was funding it with a national sales tax,
0 4.0
highlighted by Jim Bianco, the ep- he says.
onym of Bianco Research, in a client -10 3.9 Still, it would be a stretch to blame
webcast this past week. Clearly, the the prospect of a Trump presidency
-20 3.8
economy is outperforming expecta- alone for the jump in long-term interest
tions, spurring fears in the bond mar- -30 3.7 rates. The finger should be pointed at
ket about the wisdom of the Fed’s the Fed’s willingness to cut rates while
-40 3.6
large rate cut. the economy is robust, thus risking
To be sure, longer-term interest -50 3.5 greater inflation. B
rates have moved up in tandem with Aug. 2024 Sept. Oct. Aug. 2024 Sept. Oct.
the market’s expectation that the Source: Bloomberg email: [email protected]
28 BARRON’S October 2
Planning for
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Retirement:
on
A Pro’s Advice
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BY RESHMA KAPADIA and planning.
C
An edited version of the conversa-
hristine Benz says her tion follows.
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husband sometimes likens
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
and later became a mutual fund ana- at age 67] are aimed at savers and are
lyst. She then headed research there less useful to people embarking on
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Retire: 20 Lessons for a Happy, Success- from Social Security and other non-
ful, and Wealthy Retirement, taps a range portfolio sources and think about con-
of experts to explore this and other sulting a financial planner. Accumula-
retirement-related issues. Her timing is tion isn’t that complicated as long as
no
spot on: The U.S. population hits “peak you keep working and investing in
65” this year, as a record number of something semi-sane. But decumula-
Americans turn 65. tion is a lot more complicated, and
Much has changed in terms of even do-it-yourselfers might want to
retirement planning over Benz’s ca- hire a financial advisor for the tax
reer, with many newer ideas shaped considerations.
by academic research. Barron’s spoke
with Benz in early October about What are some of those tax
some of those changes, how to invest considerations?
in an aging bull market, and how to
play catch-up if you’re late to saving Photograph by ALINA TSVOR
28, 2024 BARRON’S 29
“If you incorporate the likelihood that spending will trend down later in life,
you can probably start by withdrawing 5% of your portfolio a year.”
The early retirement period is a fruit- That is probably too risky. Now is a miums created trouble in the insurance Often, the game plan for those who
ful time to consider taking advantage good time to derisk: It isn’t too painful industry over the past few decades. It haven’t saved enough is to work
of low tax years to lower future taxes. to take risk out and lock in some in- deterred a lot of older adults from pur- longer. What do you think of that
When you take Social Security and come by shifting into bonds or CDs. chasing insurance. Many older adults strategy?
.
required minimum distributions— are left with this nagging concern. Working longer can lead to financial
ly
RMDs start at age 73—it can often How have ideas about tapping a benefits, including enhanced income
push you into a higher tax bracket. nest egg or the decumulation stage What is a good way to assess and delayed portfolio withdrawals and
As a result, those earlier [predistribu- evolved? whether a retiree can self-insure? Social Security distributions. What
on
tion] years can be fruitful for convert- The 4% rule [withdrawing 4% of a Those who don’t have insurance and gets lost is that you aren’t fully in con-
ing a traditional [tax deferred] account portfolio balance each year] is a great don’t want to rely on Medicaid be- trol of how long you can keep working.
into a Roth account. starting point. If you are five to 10 cause of its restrictions or effectively Research from the Employee Benefit
Other steps can also lower your tax years from retirement, do this calcula- liquidate an investment portfolio to Research Institute shows a disconnect
us ,
bill, including possibly accelerating tion to get a quick and dirty read on qualify should look at the statistics: between when people think they will
l
withdrawals from tax-deferred ac- whether you will have enough money, The typical duration of long-term care retire and when they do, with most
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counts to reduce the balance subject to when adding [that amount] to Social is about 1½ to two years, and the aver- retiring earlier than they thought.
the required minimum distribution. Security and any other guaranteed age cost is about $100,000 a year na-
ci on
source of income you expect. tionally, but more in urban centers. Why is that?
How have retirement rules evolved But one issue with a static with- That’s a starting point, and people Ageism is alive and well. People may
since you launched this phase of drawal system is that it isn’t how can [set aside] that amount from their also have jobs that are physically
your career? people spend, which is why research portfolios, which can provide some demanding or may have parents or
One seismic shift has been the move from David Blanchett [PGIM’s head peace of mind. a spouse who needs care, forcing
er s
away from the focus on subsisting off of retirement research] on spending People who are nervous about long- them from the workforce.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
income distributions and building a through the retirement life cycle is term care costs and have equity in their There is also a socioeconomic as-
m er
portfolio of certificates of deposit and seminal. He found that people across homes should remember that [their pect to this. Research from the Uni-
dividend-paying stocks. That was the all types of households spend less and house] is an ace in their pocket. If there versity of Wisconsin showed that the
name of the game, but the steady drop stay home more as they get older. If you is housing wealth, they can sell it or tap spoils of working longer have accrued
in interest rates disabused many older want to maximize your healthy early it through a reverse mortgage. to those who need it the least. If you
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adults of that notion, and academic years of retirement, you should give are healthier and wealthier, you are
work has shifted to favor more of a yourself permission to spend more, Vice President Kamala Harris has more likely to keep working.
total-return strategy. especially if you have a healthy retire- talked about eldercare as part of
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
I’m happy to see that the long- ment budget. her platform. How do you see the For those who got a later start to
standing rift between investments long-term care conversation evolv- saving for retirement, what is the
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and insurance products and annui- What does that suggest in terms ing in Washington, D.C.? best way to catch up?
ties seems to be healing a bit. Because of an optimal withdrawal rate? I love the idea of eldercare being top Don’t look for a silver bullet, but
F
of the academic research done on If you incorporate the likelihood that of mind for the White House and Con- employ several strategies. Max out
annuities [showing how useful they spending will trend down later in life, gress because it cuts across all income contributions to tax-sheltered vehi-
can be], we are starting to see more you can probably start by withdraw- levels. How to deal with long-term cles like 401(k)s, and make catch-up
adoption of annuities in company ing 5% of your portfolio a year. You care is the biggest unaddressed con- contributions [up to a maximum of
retirement plans. could spend even more if you are will- cern of aging. $7,500 a year] after 50. And look for
ing to be flexible in your withdrawals We have an enormous shortage of ancillary savings vehicles such as a
The stock market has had a spec- based on what is happening with your caregivers. If we are aiming for more health savings account.
tacular run in recent years. Do portfolio. long-term care to be delivered at home, If you have an overly conservative
retirees need to adjust their port- that is much more labor-intensive than investment mix, nudge up your equity
n-
folios, and if so, how? Studies show that affluent retirees an institutional setting and requires a exposure and move some money into
I’m a big believer in the bucket ap- are underspending. Why is that? much bigger consideration about labor non-U.S. stocks, value stocks, and
proach, where you set aside seven to 10 A lot of older adults undersaved rela- and immigration in Washington. smaller-cap stocks. It isn’t about
years of portfolio spending in cash and tive to where they should be, so it’s odd swinging for the fences, but getting
no
bonds, including short-term or inter- that some have oversaved and are un- Social Security is another hot exposure to parts of the market that
mediate-term bonds or high-quality derspending. Some of it relates to iden- issue, with some people looking haven’t performed as well.
funds. You want a ballast against an tity issues—[retirees] thinking of them- to tap it sooner rather than later to Also, look at spending as retire-
equity shock. For many retirees, this selves as savers and uncomfortable get the most for their money. What ment approaches: If your kids have
will often be close to a 60% stock/40% with spending. But the elephant in the do you think? flown the coop and you have a too-big
bond or 50/50 type portfolio. room for older-adult households is the You may get lucky in the market beat- house with a high tax bill and mainte-
A challenge these days is getting possibility of needing long-term care. ing the 8% increase in your Social nance costs, you could move to a
people who are about five years away The confluence of higher-than- Security benefit that you would get for smaller home or look to trim other
from retirement to derisk their portfo- anticipated claims on policies and an each year you delay taking it until age big-ticket spending items.
lios. It isn’t unusual to encounter older unforgiving rate climate that meant 70, but you can’t earn a guaranteed
Americans with all or 80% in stocks. insurers weren’t making much on pre- return on anything that comes close. Thanks, Christine. B
30 BARRON’S October 28, 2024
MARKET WEEK
October 21 through October 25, 2024
.
ly
MARKET PERFORMANCE DASHBOARD
on
Dow Jones Industrials S&P 500 Nasdaq Composite SPDR S&P Retail ETF
42,114.40
52-wk: +29.91% YTD: +11.74% Wkly: -2.68%
5808.12
52-wk: +41.06% YTD: +21.77% Wkly: -0.96%
18,518.61
52-wk: +46.47% YTD: +23.36% Wkly: +0.16%
$75.50
52-wk: +30.37% YTD: +4.40% Wkly: -3.35%
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4%
All That Glitters Yielding to Pressure
The gold price hit another record high Rising bond yields seemed to spook the
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on Monday, at about $2,725 per ounce. stock market on Wednesday, with the 2
The metal is up 32% in 2024, nearly 10 10-year Treasury yield hitting 4.24%. The
percentage points better than the S&P 500. Nasdaq Composite slid 1.6%.
0
er s
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m er -2
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-4
Reporting for Duty Fully Charged
Tuesday was a busy day of third-quarter A 22% post-earnings surge from Tesla
earnings reports from major companies stock lifted indexes on Thursday. The move
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
-6
including General Motors, Verizon, Lockheed wiped out the stock’s losses for 2024 and
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Martin, and 3M. Major indexes closed about flat. added some $150 billion to its market value.
-8
F
I
nvestors were disappointed “You don’t need much of an excuse ing to RealClearPolitics. His policies
couple of weeks. with bond yields. The 10-year Trea- the economy could continue to grow,
The S&P 500 index sury yield rose to 4.24% from 4.08% tariffs, for their part, not only lift
but once it starts to see what the bond mar- cost of borrowing fluctuates with rates, so
ket sees—potentially too much inflation, when bond yields rise the companies have
a possible Trump victory, and fewer rate to pay more in interest, and less when Preqin’s Top 10 Prime Brokers
cuts—equities will probably falter. yields fall. It’s serious pressure because Servicing Hedge Funds for 2024
Of course, a lot can change in a few higher interest expense represents a greater
weeks. October’s payrolls report will be portion of revenue, reducing net profit mar- 1. Goldman Sachs
released this coming Friday, and it could gin and lowering earnings. A drop in rates
2. Morgan Stanley
easily change sentiment if it comes in too has an opposite, positive effect.
hot or too cold. The following week, Elec- Only a tenth of all debt for large-cap 3. JP Morgan
tion Day will quickly be followed by Fed companies is variable, so many of the
Day, and we’ll be looking at a very differ- affected companies are small-caps, accord- 4. Bank of America Securities
.
ent investing backdrop than what exists ing to 22V Research founder Dennis De-
5. Interactive Brokers
ly
today. Who knows? Maybe it will just con- busschere, who screened for companies
firm that the Fed can keep cutting rates with the highest quintile of variable debt 6. UBS
and that the economy is holding up, within the broad-market S&P Composite
on
which wouldn’t be such a bad thing. 1500 index. Examples include aerospace 7. Barclays
“The market’s soft landing sentiment and military software and systems pro- 8. Citi
requires a balance of lower rates and still vider Mercury Systems, which has a
solid economic activity,” says Citigroup market cap of $2 billion and has dropped 9. BNP Paribas
us ,
strategist Scott Chronert. 7% since late September; manufacturing
10. Jefferies
l
That balance is important. Without it, component-maker MKS Instruments,
e
al a
stocks could crack. which has a market cap of $6.7 billion and
has fallen 9%; internet and software com-
Borrowed Time
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pany IAC, which has a market cap of $4.5
Bond market volatility is back—and a
handful of stocks are particularly suscepti-
billion and has declined 4%; and Topgolf
Callaway Brands, which has a market
For the fifth consecutive year,
ble to its gyrations.
It has been a wild year for Treasury
value of $1.9 billion and has slipped 1.9%.
The S&P 500 has risen 1% during the
Interactive Brokers is one of the
er s
investors. The yield on the two-year note same period. fastest-growing prime brokers
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peaked at about 5% in April, then dropped RH, the company formerly called Resto-
and is #5 in Preqin’s ranking
to a 2024 low of about 3.5% in September,
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ration Hardware, also made the list. The
when the Fed cut the short-term bench- $6.1 billion luxury home-goods store has
mark lending rate by half a point. Since dropped 4.5% during the recent period that of top prime brokers. 1
then, the yield has risen to just over 4%. yields have gained, though it rose 51% over
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The bond market isn’t acting irrationally. the past year. The vast majority of the com-
It’s aware that the economy—and inflation— pany’s $2.5 billion in debt is variable.
has been stronger than expected, which An interest rate-driven drop could easily Interactive Brokers serves both
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
means the Fed may not cut interest rates be a buying opportunity. Analysts expect organizations and individual investors.
as much as it originally had planned. Also, sales to grow each year through 2027 to
co o
Trump’s improved election chances are over $4 billion, according to FactSet. Not
further juicing expectations for inflation. only is broader household spending ex- To get better results, get a better platform.
F
Expect the swings to continue as Election pected to remain stable, but also the com-
Day on Nov. 5 nears. pany has been expanding internationally.
Bond volatility has a way of rattling the Ford Motor is one of the few large-caps
stock market—and it’s especially problem- to make DeBusschere’s list. The company
The best-informed investors choose
atic for companies with large amounts of has $150 billion in debt, the majority of it Interactive Brokers.
variable-rate debt. That makes sense. The variable rate. Unusually, the stock has risen
Vital Signs
n-
FIND OUT
1 Day 5 Day 1 Month 3 Month 6 Month YTD 1 Year 5 Year
WITH OUR
XLY CONSUMER DISCRETIONARY –0.51 Oil & Gas
XLP CONSUMER STAPLES –1.47 Consumer Services
XLE ENERGY –1.90 Utilities
.
–2.07 Telecommunications
SECTOR
XLF FINANCIAL
ly
XLV HEALTH CARE –2.16 Financials
XLI INDUSTRIALS –2.52 Industrials
–3.07 Health Care
TRACKER
on
XLB MATERIALS
us ,
XLU UTILITIES
l
1.8% since yields bottomed, thanks to No wonder investors took profits.
e
al a
Visit www.sectorspdrs.com or call 1-866-SECTOR-ETF General Motors’ earnings, which painted The good news is that the EPS guidance
a decent picture for auto demand. Ford is implies growth of just over 8%, suggesting
ci on
An investor should consider investment objectives, risks, charges and expenses carefully before scheduled to report earnings of its own on that either profit margins will rise or that
investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF or visit Monday, and if the numbers look like GM’s, the company will continue to buy back
www.sectorspdrs.com. Read the prospectus carefully before investing. the stock could rise. Analysts expect Ford hundreds of millions of dollars worth of
All ETFs are subject to risk, including possible loss of principal. Sector ETF products are also subject to sector risks and non-diversification to report a profit of 46 cents a share on stock with its billions of dollars in annual
risks, which generally results in greater price fluctuations than the overall stock market. Ordinary brokerage commissions apply. sales of $45.1 billion. Both projections have cash flow. Some combination of the two is
er s
TheS&P500isanindexof500commonstocksthatisgenerallyconsideredrepresentativeoftheU.S.stockmarket.Youcannotinvestdirectly been revised lower in the past month, giv- highly plausible.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
in an index. ing Ford an easier bar to hurdle. That type of growth should continue
m er
ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. It’s a reminder that as much as volatility beyond this year. Lower rates could get
can shake investors, fundamentals are consumers spending on paint again, while
what ultimately matter. Sherwin could also benefit from the bank-
ruptcy of rival Kelly-Moore Paints, which
m rp
Paint Misbehavin’ shut down operations in January. Sherwin
Sherwin-Williams stock produced such said it’s investing in its employees and digi-
iStock.com/FollowTheFlow © 2024 Dow Jones & Company, Inc. All rights reserved. 2E6204
steady returns over the past 15 years that it tal channels to take customers who had
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
was almost like watching the paint dry— previously shopped at Kelly-Moore.
which is why Tuesday’s large earnings- “[Sherwin] may be continuing to gain
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inspired decline was so disconcerting. Still, share from the recent bankruptcy of Kelly-
it’s nothing that a few touch-ups can’t fix. Moore,” writes Mizuho Securities analyst
F
before the release. The stock was up 23% growth. Management has typically deliv-
this year, including reinvested dividends, ered those kinds of results—the company
before the release. Investors clearly topped earnings expectations in the major-
wanted more. Shares dropped 5.3%, ity of the past 20 quarters, according to
no
INTERNATIONAL TRADER
Rate Cuts Lift European
Stocks Out of Doldrums
.
ly
Connect with the
on
BY CRAIG MELLOW of their disposable income, compared with
5% in the U.S., reports Irene Lauro, a Eu-
Barron’s newsroom
E
urope looks to be sticking its soft ropean economist with Schroders.
us ,
landing. That’s particularly good news for
Join Barron’s Live every Monday at 12PM ET
l
The European Central Bank beaten-down luxury goods stocks, Morn-
e
al a
delivered a second interest-rate ingstar’s Field thinks. Stimulus efforts in
cut in as many meetings on Oct. 17, lower- China, a key market for Euro-bling, should for insights on investing and finance. Listen
ci on
ing its key deposit rate by 0.25% to 3.25%. also help. He’s looking for rebounds in
Investors can assume five more cuts down Gucci’s parent company Kering and Bur-
to 2% by the end of next year, says Davide berry Group, both down two-thirds from
live or on Apple or Spotify.
Oneglia, director of European and global postpandemic peaks.
macro at TS Lombard. Field climbs further on a limb in favor-
Mondays at Noon ET
er s
The ECB is easing the brakes on an ing European auto makers. His top pick is
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economy that is already perking up. The Volkswagen, whose shares have shed
Sign Up: barrons.com/live
20 nations that use the euro have shown
m er
more than 60% from a 2021 peak as it
aggregate growth for three straight quar- bled market share at home and in China.
ters, after scraping along the edge of reces- “The scope to turn around things is quite Or Scan the QR code
sion for most of 2023. high” at VW and compatriots Mercedes-
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Real wages are growing again and will Benz Group and Bayerische Motoren
expand by more than 3% next year, Werke, he says.
Deutsche Bank predicts. Even German
O
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
A lot of this good news is already in ECB’s control,” Schroders’ Lauro says.
stock prices. The iShares MSCI Euro- One is electricity prices, which remain
zone exchange-traded fund has climbed higher than before Russia invaded Ukraine
more than 20% over the past year. The in February 2022. Another is China, which
market writ large is 3% undervalued on a is struggling as a consumer of European
discounted cash-flow basis, compared with exports but rocking as a competitor in elec-
3% overvaluation for U.S. equities, says tric vehicles, green energy equipment, and
Michael Field, European equity strategist other strategic sectors.
at Morningstar. These are hardly numbers A third is Donald Trump, who has
n-
Deutsche Bank expects double-digit earn- U.S. imports could cost the euro zone
ings growth for the sector next year. 0.5% of gross domestic product annually,
Shares in Vinci, the Paris-based euro-zone Deutsche’s chief Europe economist Mark
construction giant, have crept up 4% over Wall estimates—far from trivial.
the past 12 months, a significant underper- That’s not a deal breaker for all Euro-
formance. pean stocks at this point, though, given
European consumers are locked and the permutations of U.S. politics and the
loaded to spend as the upturn in real historic gap between Trump’s bark and
wages meets savings rates near a 20-year bite.
high (the pandemic spike excluded). Keep your eye on the consumer with all © 2024 Dow Jones & Company, Inc. All rights reserved. 4E6209
French households are socking away 18% those euros in the bank. B
34 BARRON’S October 28, 2024
T H E ST RIKING PRIC E
The challenge for investors is finding a measured
approach when the odds are rising of a volatility
event that could test the market’s optimism.
.
VIX Close VIX Futures Put-Call Ratio S&P 500 Index
ly
40 204
35 182
160
on
30
138
BY STEVEN M. SEARS and that earnings will keep growing, 25
which supports stocks.
T
116
he imminent election of Amer- The challenge, though, is finding a mea- 20
us ,
94
ica’s next president is contro- sured approach when the odds are rising
l
15
versial enough that it would of a volatility event that could test investor 72
e
al a
be irresponsible of us to ignore optimism. The election is less than two 10 50
it. The U.S. is sharply divided, and it ap- weeks away, and 60% of S&P 500 index N D J F M A M J J A S O N D J F M A M J J A S O
ci on
pears chaotic to many foreign observers stocks will report earnings over the same Daily Values Source: CBOE Source: McMillan Analysis Corp.
who look to us for stability and world period. All of this could create short-term
leadership. stock weakness.
A recent trip that began in Vienna, When favored stocks—or even the entire SPX Skew NDX Skew
wound through the Hungarian country- market—decline, long-term investors can Implied volatility % Implied volatility %
er s
side, and ended in Budapest reinforced benefit by selling put options that are in- 16% 12%
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
America’s importance to the world. In flated with a fear premium. (Puts obligate 11
many places, foreigners expressed con-
m er
the seller to buy shares if the stock is below 14
10
cern that the U.S. had lost its way, and the put strike price at expiration.)
they worried that it boded poorly for Puts often become richly priced as pan- 12 9
their nations and others. icked investors buy them to hedge stocks— 8
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Yet addressing the election also seems especially if they’re sitting on huge unreal- 10 7
irresponsible. Each day brings forth news ized gains. Long-term investors who can
6
and data that appear definitive—only to afford to buy stocks at lower prices—and 8
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
5
be tossed aside the following day. Why warehouse them for at least three to five
amplify noise created by others? years and ideally longer—can profit by 6 4
co o
The markets, meanwhile, perhaps the selling puts during declines. We call this N D J F M A M J J A S O N D J F M A M J J A S O
world’s greatest arbiter of human affairs, approach “time arbitrage.” Source: Credit Suisse Equity Derivatives Strategy Source: Credit Suisse Equity Derivatives Strategy
F
seem happy. When a favored stock or index de- Skew indicates whether the options market expects a stock-market advance or decline. It measures the difference between the implied
volatility of puts and calls that are 10% out of the money and expire in three months. Higher readings are bearish.
Stocks are dancing around record clines, sell puts that are 5% to 10% below
highs. U.S. options market trading pat- the desired security’s price. Use one-
terns, which telegraph expectations for month expirations. The put sale enables Week’s Most Active
stocks, indicate that investors are optimis- investors to be paid by the options market Company Symbol Tot Vol Calls Puts Avg Tot Vol IV %ile Ratio
tic about the future—perhaps because to buy stock they would have bought any- Werewolf Therapeutics HOWL 4708 3696 1012 64 95 73.6
ADT ADT 49587 45683 3904 808 48 61.4
the election looks to ensure gridlock in way. Ultimately, the difficulties will pass, Cushman & Wakefield CWK 15709 15515 194 444 15 35.4
Washington, curtailing presidential power. and you know the rest. Upwork UPWK 29886 18349 11537 1920 64 15.6
If stock prices stay somewhat stable and Stock selection is key. Only sell puts Pyxis Oncology PYXS 11788 10137 1651 1152 100 10.2
n-
is unlikely to change in a major way—and The risk in selling puts is that the Weatherford Int’l WFRD 7689 6796 893 1164 49 6.6
Logitech Int’l LOGI 27777 16275 11502 4376 23 6.3
that is perhaps the key investor message. security could drop far below the put 3M MMM 245062 156643 88419 39988 34 6.1
The other primary market message is strike price. If that happens, you must buy QuantumScape QS 259025 216385 42640 42344 46 6.1
curiously sanguine. Everything—even the the shares at that price or wrestle the put MSTR covered call ETF MSTY 24656 22017 2639 4080 96 6.0
Seagate Technology STX 76691 38663 38028 12796 10 6.0
specter of the Middle East or Eastern to avoid assignment. If you can handle Aurora Cannabis ACB 51216 44872 6344 9076 19 5.6
Europe sparking World War III—is now that, you can make volatility work for you
interpreted by markets as bullish. rather than against you—and that ulti- This table of the most active options this week, as compared to average weekly activity – not just raw volume. The idea is that the 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
True, it helps that stock investors expect mately matters far more than whoever 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 should be aware of these increased risks if trading in these names
that the Fed will keep cutting interest rates wins an election. B
October 28, 2024 BARRON’S 35
I N S I DE SC OOP
Investor Group Boosts Activist Holdings biopharmaceutical company to
2,003,101 shares. Carlyle Group
reported that it sold 499,047
Lamb Weston Holdings Soleno Therapeutics shares from
.
Jana Partners disclosed a new Oct. 14 through Oct. 17 at prices
ly
position in the potato-products ranging from $53 to $55.24 apiece.
maker of 7,288,845 shares. Jana Following the latest sales, Carlyle
reported that it purchased 826,654 Group now owns 4.99% of Soleno
on
Lamb Weston shares from Aug. 22 Therapeutics’ outstanding stock,
through Oct. 17 at prices ranging below the 5% threshold that
BY ED LIN about 8.7% of the company. The group from $60.88 to $71.36 each. In- would require Carlyle Group to
A
disclosed the stake in a filing with the cluded in Jana’s stake are 32,304 disclose further sales of Soleno
us ,
n investor group in- Securities and Exchange Commission, call options for 3,230,400 shares Therapeutics stock. Shares have
l
creased its stake in res- using a form 13D, which activist inves- with a strike price of $30; those gained more than 30% during
e
al a
taurant chain Red Robin tors typically use to disclose positions options expire on Dec. 20. Jana also the year.
Gourmet Burgers. in targeted companies. On Oct. 16, the revealed a slate of four director
ci on
Red Robin stock has group said that its stake now stood at nominees to stand for election at nCino
lost half of its value so far 1,784,165 shares, about 11.3% of the Lamb Weston’s annual meeting. Insight Venture Partners X low-
this year, setting a low of company’s outstanding shares. Following the purchases, Jana now ered its stake in the provider of a
$2.97 on Sept. 9, the least that shares When JCP and Jumana first bought owns a 5.1% stake in Lamb Weston. software-as-a-service, or SaaS, for
have traded for since the 2002 initial Red Robin shares, they believed that banks to 12,513,467 shares. Insight
er s
public offering. In February, Red they “were undervalued and repre- Venture Partners did so through
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
disclosed on Oct. 9 that together they welcome constructive dialogue with An investor group 16,799,590 shares. Tether purchased of nCino have gained about 14%
owned 1,368,643 Red Robin shares, our shareholders.” B increased its 1,751,341 Adecoagro shares from during the year.
co o
A
n investment firm specializing the S&P 500 index. ranging from $11.02 to $11.91 each. from $100 to $104.77 each. Fol-
in low-volatility equity strate- Verizon stock rose 19% in the first Following the purchases, Tether lowing the latest sales, Gamco
n-
gies recently made major nine months of 2024. now owns a 16.4% stake in Adeco- Investors continues to own 11.5%
changes in some of its largest Gateway bought 479,309 Verizon agro, which owns farmland and of Bel Fuse’s outstanding Class A
investments in telecom and chips. shares to end the third quarter with industrial facilities in Argentina, stock. The shares have gained
Gateway Investment Advisers 762,469 shares. Brazil, and Uruguay. nearly 60% year to date.
no
more than doubled an investment Intel stock lost more than half of
in Verizon Communications stock, its value in the first nine months of
These disclosures are from 13Ds filed with
lowered its stake in AT&T, bought
more shares of Intel, and slashed
this year.
Gateway bought 141,820 more Intel Decreases in the Securities and Exchange Commission.
13Ds are filed within 10 days of an entity’s
holdings in Micron Technology shares in the third quarter to lift its
Holdings
attaining more than 5% in any class of a
company’s securities. Subsequent changes
in the third quarter. investment to 904,200 shares. in holdings or intentions must be reported in
In response to a request for com- The firm sold 161,980 Micron amended filings. This material is from Oct. 17
ment on the investment changes, shares to drop its stake to 58,000 Soleno Therapeutics through Oct. 23, 2024. Source: VerityData
(verityplatform.com)
Gateway wrote in an email, “These shares of the chip maker. Carlyle Group cut its stake in the
trades were part of a routine rebal- Micron stock rose 22% in the first
ancing and are not reflective of any nine months of 2024. B
36 BARRON’S October 28, 2024
W I N N E R S & LO S E R S
Saturday Inbox: Sign up for the
Market Lab Newsletter every Saturday
at Barrons.com/newsletters
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
Stride(LRN) 17616 91.25 +26.73 +41.4 AltoNeurosci(ANRO) 22729 1256.7 4.37 –10.06 1847Holdings(EFSH) 39562 1292.5 1.86 –3.40 InvestcorpEur I A(IVCB) 3355 2394.7 12.07 +0.27
DaqoNewEnergy(DQ) 10062 25.54 +6.55 +34.5 Capri(CPRI) 72937 919.7 21.26 –20.72 CentrusEnergy(LEU) 7606 241.7 85.99 –12.60 SecureWorks(SCWX) 5530 2122.2 8.37 –0.10
.
Zeekr(ZK) 5853 28.85 +6.54 +29.3 AtlUnionBkshs(AUB) 17597 723.0 36.81 –2.00 EquinoxGold(EQX) 30544 88.0 5.63 –0.12 SpringValleyII A(SVII) 3462 1296.4 11.37 +0.04
ly
IonQ(IONQ) 128343 16.96 +3.66 +27.5 Oklo(OKLO) 184417 554.5 19.11 +0.88 LairdSuperfood(LSF) 906 86.5 7.51 +1.44 CartesianGrwIIA(RENE) 2686 675.6 11.55 +0.04
HercHoldings(HRI) 3872 209.47 +37.43 +21.8 ATI PhysTherapy(ATIP) 170 445.4 5.89 –0.16 MAG Silver(MAG) 5237 82.4 17.43 +0.69 SterlingCheck(STER) 9703 658.5 16.74 –0.55
FinanceofAm(FOA) 62 13.45 +2.38 +21.5 COPEL(ELPC) 210 427.8 5.95 –0.25 ParkNational(PRK) 421 50.5 166.62 –8.76 SandySpringBncp(SASR) 10913 613.3 32.42 –0.19
Celestica(CLS) 19149 69.38 +11.56 +20.0 Bowhead(BOW) 3158 382.2 29.42 –1.74 SilverCrestMetals(SILV) 14094 44.0 10.83 –0.30 Zoomcar(ZCAR) 2296 546.8 6.12 –4.23
Greenbrier(GBX) 2575 61.15 +9.06 +17.4 Constellium(CSTM) 25584 338.8 11.35 –3.65 SilvercorpMetals(SVM) 17813 41.8 4.68 –0.38 Marex(MRX) 6206 463.0 25.42 –0.15
on
Viad(VVI) 2139 336.8 39.70 +3.92 ContangoOre(CTGO) 515 37.5 22.59 +1.46 Icon(ICLR) 13053 361.2 220.47 –77.25
Losers JobyAviation(JOBY) 151523 310.3 5.16 –0.45 TrioTech(TRT) 55 31.1 6.80 –0.61 TyraBiosciences(TYRA) 3809 351.4 21.93 –5.40
Name (Sym) Volume Close Change %Chg.
Stride(LRN) 17616 281.9 91.25 +26.73 AmbiparEmergency(AMBI) 140 23.8 6.70 +0.14 LogitechIntl(LOGI) 8628 266.6 80.71 –7.92
AltoNeurosci(ANRO) 22729 4.37 –10.06 –69.7 IonQ(IONQ) 128343 278.0 16.96 +3.66 IdahoStratRscs(IDR) 1125 22.3 17.07 –0.23 Vicor(VICR) 3074 252.1 46.32 +5.28
Capri(CPRI) 72937 21.26 –20.72 –49.4 QuantumScape(QS) 111661 264.7 6.19 +0.91 EnergyFuels(UUUU) 18980 19.5 6.17 –0.67 Flexsteel(FLXS) 399 249.5 57.00 +13.63
us ,
Beyond(BYON) 25371 6.37 –4.15 –39.4 GenuineParts(GPC) 14798 238.1 114.24 –28.93 CaledoniaMining(CMCL) 469 17.9 15.39 –1.06 NuvPfd&Incm(NPFI) 235 235.2 25.97 –0.11
CommunityHlthSys(CYH) 19426 3.99 –1.96 –32.9
l
SummitMaterials(SUM) 15262 211.2 45.10 +2.82 RileyExpln(REPX) 509 9.9 26.73 –1.04 Oculis(OCS) 494 232.0 15.80 +1.77
Constellium(CSTM) 25584 11.35 –3.65 –24.3
e
ADT(ADT) 63437 205.5 7.88 +0.79 UraniumEner(UEC) 43018 3.7 7.73 –0.73 TrumpMedia&Tech(DJT) 243619 231.0 38.95 +9.37
al a
ChinaGreenAg(CGA) 61 1.88 –0.55 –22.6 HercHoldings(HRI) 3872 203.6 209.47 +37.43 BattalionOil(BATL) 293 3.3 6.69 +0.12 ChengheAcqnIA(LATG) 338 222.0 11.66 +0.00
ContainerStore(TCS) 538 9.57 –2.43 –20.3 Kforce(KFRC) 1768 203.0 54.55 –1.03 AcmeUnited(ACU) 83 2.1 40.25 –0.95 MGP Ingredients(MGPI) 3586 222.0 57.37 –4.49
GenuineParts(GPC) 14798 114.24 –28.93 –20.2 JohnBeanTech(JBT) 3772 193.9 114.41 +15.76 MastechDigital(MHH) 58 –2.0 9.66 –0.56 NeuroPace(NPCE) 895 210.3 6.35 –0.12
ci on
SJW Group(SJW) 2440 178.4 56.42 –3.15 M-tronInds(MPTI) 131 –2.5 50.82 +1.82 CoStar(CSGP) 32748 194.8 74.48 –4.77
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.
er s
Name (Sym) Volume Close Change %Chg. SpiritAirlines(SAVE) 261606 2.79 +1.32 +89.8 AgEagleAerial(UAVS) 133352 2.25 –0.03 –1.3 NVIDIA(NVDA) 1152464 141.54 +3.54 +2.6
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BM Tech(BMTX) 3722 4.74 +1.40 +41.9 NIO(NIO) 224602 5.26 +0.04 +0.8 DenisonMines(DNN) 101742 2.19 –0.19 –8.0 Tesla(TSLA) 536587 269.19 +48.49 +22.0
LairdSuperfood(LSF)
HealthyChoice(HCWC)
906
608
7.51
2.55
+1.44
+0.38
+23.7
+17.5
m er
AT&T(T)
FordMotor(F)
213888
213461
21.83
11.07
–0.02
–0.03
–0.1
–0.3
B2Gold(BTG)
NewGold(NGD)
78697
44727
3.36
2.88
–0.10
–0.15
–2.9
–5.0
ZapataComputing(ZPTA)
Lilium(LILM)
288781
273276
0.08
0.15
–0.01
–0.34
–16.0
–69.5
IndonesiaEnergy(INDO) 4419 4.63 +0.60 +14.9 Oklo(OKLO) 184417 19.11 +0.88 +4.8 UraniumEner(UEC) 43018 7.73 –0.73 –8.6 SoFiTech(SOFI) 255400 10.99 +0.81 +8.0
FlexSolInt(FSI) 283 4.00 +0.38 +10.6 PalantirTech(PLTR) 178419 44.86 +1.89 +4.4 1847Holdings(EFSH) 39562 1.86 –3.40 –64.6 Grab(GRAB) 243883 4.07 +0.34 +9.1
IvanhoeElectric(IE) 1970 10.92 +0.90 +9.0 JobyAviation(JOBY) 151523 5.16 –0.45 –8.0 Nuburu(BURU) 33210 0.65 –0.00 –0.2 TrumpMedia&Tech(DJT) 243619 38.95 +9.37 +31.7
m rp
ContangoOre(CTGO) 515 22.59 +1.46 +6.9 BankofAmerica(BAC) 147757 41.89 –0.43 –1.0 EquinoxGold(EQX) 30544 5.63 –0.12 –2.1 Intel(INTC) 239493 22.68 –0.09 –0.4
51TalkOnlineEd(COE) 45 15.67 +0.90 +6.1 Vale(VALE) 147156 10.88 +0.25 +2.4 GoldResource(GORO) 29880 0.18 –0.24 –57.1 Lucid(LCID) 229354 2.50 –0.13 –4.9
Pfizer(PFE) 132113 28.45 –0.77 –2.6 Globalstar(GSAT) 29847 1.03 –0.17 –14.2 TevogenBio(TVGN) 225195 3.05 +1.33 +77.3
Losers Verizon(VZ) 131722 41.38 –2.61 –5.9 Zomedica(ZOM) 22555 0.12 –0.00 –1.9 Apple(AAPL) 197154 231.41 –3.59 –1.5
Name (Sym) Volume Close Change %Chg.
IonQ(IONQ) 128343 16.96 +3.66 +27.5 i-80Gold(IAUX) 22075 1.08 –0.11 –9.2 AmerAirlines(AAL) 192174 13.15 +0.06 +0.5
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
1847Holdings(EFSH) 39562 1.86 –3.40 –64.6 BarrickGold(GOLD) 123477 19.61 –1.31 –6.3 EnergyFuels(UUUU) 18980 6.17 –0.67 –9.8 LuminarTech(LAZR) 171564 0.81 –0.02 –2.9
MatinasBioPharma(MTNB) 173 3.25 –0.87 –21.1 Nokia(NOK) 119326 4.77 +0.02 +0.4 TasekoMines(TGB) 18644 2.31 –0.08 –3.3 noco-noco(NCNC) 163174 0.11 +0.01 +11.1
co o
Southland(SLND) 252 3.15 –0.60 –16.0 ArcadiumLithium(ALTM) 118147 5.46 –0.07 –1.3 SilvercorpMetals(SVM) 17813 4.68 –0.38 –7.5 SuperMicroComp(SMCI) 157556 47.27 +0.01 +0.0
SeaportEnt(SEG) 436 27.55 –4.60 –14.3 Snap(SNAP) 114449 10.45 –0.04 –0.4 CatheterPrec(VTAK) 17544 0.62 –0.29 –31.9 SangamoTherap(SGMO) 142832 1.50 +0.58 +62.9
NFT(MI) 46 8.28 –1.38 –14.3 QuantumScape(QS) 111661 6.19 +0.91 +17.2 Senseonics(SENS) 17308 0.34 –0.02 –5.7 TilrayBrands(TLRY) 139948 1.69 +0.10 +6.3
F
SerinaTherap(SER) 58 6.88 –1.06 –13.4 LumenTech(LUMN) 108909 6.44 –0.30 –4.5 Comstock(LODE) 16507 0.42 –0.09 –17.6 AdvMicroDevices(AMD) 139346 156.23 +0.26 +0.2
CentrusEnergy(LEU) 7606 85.99 –12.60 –12.8 Ambev(ABEV) 99604 2.25 –0.03 –1.3 StandardLithium(SLI) 15866 2.18 +0.27 +14.1 Amazon.com(AMZN) 136817 187.83 –1.16 –0.6
NewFoundGold(NFGC) 2705 2.41 –0.33 –12.0 WellsFargo(WFC) 93163 64.53 +0.17 +0.3 AvinoSilver(ASM) 15353 1.44 +0.08 +5.9 ConduitPharm(CDT) 129875 0.11 –0.00 –0.3
Boeing(BA) 8555064 155.01 +0.01 +0.0 B2Gold(BTG) 267878 3.36 –0.10 –2.9 Microsoft(MSFT) 37457576 428.15 +9.99 +2.4
ImmunityBio(IBRX) 85060 5.32 +1.77 +49.9 DenisonMines(DNN) 226533 2.19 –0.19 –8.0 MetaPlatforms(META) 28093770 573.25 –3.22 –0.6
EliLilly(LLY) 8493384 892.70 –25.27 –2.8
WerewolfTherap(HOWL) 25351 3.00 +0.95 +46.3 EquinoxGold(EQX) 177305 5.63 –0.12 –2.1 Amazon.com(AMZN) 25448079 187.83 –1.16 –0.6
PalantirTech(PLTR) 7716463 44.86 +1.89 +4.4
RockyMtnChoc(RMCF) 1080 3.18 +0.93 +41.3 SilverCrestMetals(SILV) 160083 10.83 –0.30 –2.7 MicroStrategy(MSTR) 21577136 234.34 +18.48 +8.6
UnitedHealth(UNH) 7710737 564.56 –5.05 –0.9
LixiangEduc(LXEH) 279 4.07 +1.10 +37.0 NewGold(NGD) 131611 2.88 –0.15 –5.0 AdvMicroDevices(AMD) 21425463 156.23 +0.26 +0.2
BerkHathwy B(BRK.B) 7608471 454.01 –10.79 –2.3
no
MolecularPtrs(MOLN) 577 6.49 +1.62 +33.3 1847Holdings(EFSH) 124383 1.86 –3.40 –64.6 Alphabet A(GOOGL) 15487019 165.27 +1.85 +1.1
Visa(V) 7524492 281.73 –8.89 –3.1
TrumpMedia&Tech(DJT) 243619 38.95 +9.37 +31.7 EnergyFuels(UUUU) 123534 6.17 –0.67 –9.8 Broadcom(AVGO) 14738920 173.00 –6.89 –3.8
JPMorganChase(JPM) 7486589 222.31 –3.06 –1.4
Losers Alibaba(BABA) 7318949 97.42 –5.01 –4.9 ImperialOil(IMO) 104479 76.13 –0.85 –1.1 Netflix(NFLX) 13828222 754.68 –9.21 –1.2
Name (Sym) Volume Close Change %Chg. GE Aerospace(GE) 6931190 179.10 –13.51 –7.0 MAG Silver(MAG) 92037 17.43 +0.69 +4.1 Alphabet C(GOOG) 10347283 166.99 +1.94 +1.2
IBM(IBM) 6882796 214.67 –17.53 –7.5 SilvercorpMetals(SVM) 86164 4.68 –0.38 –7.5 CoinbaseGlbl(COIN) 10274328 205.04 –15.17 –6.9
Zoomcar(ZCAR) 2296 6.12 –4.23 –40.9
HomeDepot(HD) 6349355 398.91 –16.09 –3.9 ParkNational(PRK) 71642 166.62 –8.76 –5.0 TrumpMedia&Tech(DJT) 8423094 38.95 +9.37 +31.7
Sonder(SOND) 441 2.83 –1.24 –30.5
BankofAmerica(BAC) 6227486 41.89 –0.43 –1.0 TasekoMines(TGB) 43565 2.31 –0.08 –3.3 TexasInstruments(TXN) 7520137 206.93 +8.46 +4.3
Uxin(UXIN) 939 4.18 –1.77 –29.7
WellsFargo(WFC) 5994148 64.53 +0.17 +0.3 Seaboard(SEB) 34847 2968.77 –46.24 –1.5 SuperMicroComp(SMCI) 7339078 47.27 +0.01 +0.0
Icon(ICLR) 13053 220.47 –77.25 –25.9
ExxonMobil(XOM) 5788484 119.49 –0.52 –0.4 StandardLithium(SLI) 33625 2.18 +0.27 +14.1 MicronTech(MU) 7321520 107.91 –3.24 –2.9
NeumoraTherap(NMRA) 7610 12.27 –4.22 –25.6
Coca-Cola(KO) 5694476 66.92 –3.52 –5.0 Globalstar(GSAT) 31980 1.03 –0.17 –14.2 Costco(COST) 6767340 891.22 +1.66 +0.2
IntelliaTherap(NTLA) 20969 15.95 –5.13 –24.3
Verizon(VZ) 5539914 41.38 –2.61 –5.9 PerspectiveTherap(CATX) 30900 11.53 –1.12 –8.9 T-MobileUS(TMUS) 6574534 226.36 +3.15 +1.4
BigTreeCloud(DSY) 584 3.97 –1.14 –22.3
Vertiv(VRT) 5421490 112.17 –0.08 –0.1 i-80Gold(IAUX) 25281 1.08 –0.11 –9.2 ASML(ASML) 6534363 711.70 –11.56 –1.6
Nkarta(NKTX) 4024 3.33 –0.93 –21.8
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
October 28, 2024 BARRON’S 37
MARKET VIEW
This commentary was issued recently by
money managers, research firms, and market
newsletter writers. Edited by Barron’s staff.
A Curious Breakdown in JNK stocks” and not a stock market. That is,
until July, when the switch to Kamala Har-
“Bond markets can (and often do) lead stock
The Sevens Report
Kinsale Trading ris from Joe Biden, the thwarted attempt markets. That’s why we watch bonds so
sevensreport.com on Donald Trump’s life, and the “trigger”
closely. A recent technical breakdown in the
.
phrase “yen carry trade unwind” sent
ly
Oct. 23: One of the more important les- the VIX to 65, with correlations spiking, high-yield ETF JNK [SPDR Bloomberg High
sons I’ve learned in my two-plus decades reminding us all that in the short term,
of watching markets is that bond markets macro matters—a lot. But even into an Yield Bond] has caught our attention.”
on
can (and often do) lead stock markets. event 12 days away, gripped by known Tom Essaye
That’s why we watch bonds so closely. unknowns, it is once again, gingerly,
A recent technical breakdown in the high- becoming a “market of stocks,” whose
yield ETF JNK [SPDR Bloomberg High earnings price reactions are a reflection
us ,
Yield Bond ETF] has caught our attention. of a story-by-story differentiation. The ASI consists of five indicators: the Don’t Chase Yield
l
The bond market has always been While we are focused on the election S&P 500 index, the Conference Board’s Market Commentary
e
al a
considered the “smart market” because and implications of higher interest rates Consumer Confidence index, the yield Advisors Capital
there is almost no retail trader/investor on stocks, the noise and the distraction curve (the spread between the 10-year advisorscapital.com
ci on
interest, as corporate and government make it vital that we don’t lose sight of and three-month Treasury yields), the
bond volumes are dominated by seasoned what really matters in the long term. VIX index, and the Economic Policy Un- Oct. 21: Fixed income has had a strong
institutional investors with vast research Earnings drive stocks both individually certainty index. The policy uncertainty 2024, and over the past 12 months invest-
teams and analytical resources at their and in the market as a whole. They al- and VIX indexes inversely affect the ASI. ment-grade bonds have returned more
disposal. Because liquidity in the bond ways have, and they always will. In other words, a rise in uncertainty or than 10%. Looking forward, investment-
er s
markets is historically much lower than —Julian Emanuel and team volatility decreases the index, while a fall grade bond yields remain well over 4.5%,
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
in the stock market, bond traders are increases the index, all else being equal.... and high-yield bonds remain in excess of
required to make decisions with strong
m er The ASI has trended downward after 7% (heavily skewed by the weakest cred-
conviction focused on the macroeconomic Gold Rocks reaching a high in March of this year. its). We remain confident of the potential
backdrop, including policy rates, inflation The Aden Forecast—Money, Metals, Markets That said, it remains historically elevated for a portfolio of quality, intermediate
trends, and growth prospects, with adenforecast.com and hasn’t dipped under 0.5 since Novem- corporate bonds and preferreds to con-
m rp
recession risks always in the back of ber 2023. While the ASI may fall further tribute positively to your portfolio.
their minds.... Oct. 23: The gold universe has been soar- this year, there is little cause to believe However, we would caution clients
Bottom line, the breakdown in JNK is ing. Despite higher interest rates and a that it will dip into the red. against chasing yield by either increasing
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
curious, given that stocks remain just off stronger dollar, gold has been hitting new Economic growth in the U.S. continues duration (interest-rate exposure) or
all-time highs. Looking ahead, two key record highs. Silver hit a 12-year high, and to run at a sturdy pace. Inflation contin- accepting credit risk by owning lower-
co o
levels to watch are Wednesday’s closing it has clearly broken up and out, along ues to trend downward, rapid labor- quality credits. Based on history, the like-
low of $96.21 [for JNK] as initial support, with the gold and silver shares. These market deterioration doesn’t appear im- lihood of credit spreads tightening signifi-
F
and the early-September closing low of markets are mainly being pushed up by minent, and a strong start to the Fed’s cantly from current levels is quite low.
$95.93 as secondary, more critical long- safe haven demand and ongoing tensions interest-rate-cut cycle looks to provide Additionally, if either party sweeps the
term support. If either or both are vio- in the Middle East. Even though there relief to rate-sensitive sectors. However, upcoming election, we could see long-
lated, that will be a stronger signal that has been some short-term profit-taking, the presidential election and its aftermath term rates rise meaningfully. Therefore,
the economic outlook may be dimming, at the metals universe is superstrong and stand to create volatility for the spirits in now is simply not a logical time to chase
least in the opinion of the “smart market.” poised to rise further. Continue to buy the short term. Stay tuned. yield.
—Tom Essaye and hold. —Azhar Iqbal, Delaney Conner —Kevin Kelly, Kevin Strauss
—Pam and Mary Anne Aden
n-
wellsfargo.com 0.4
Barron's 50-Stock Average 53 Dow Jones Per Share Values 50 Mutual Funds 48 Week In Stocks 50
DATA
Cash Track 48 Exchange Traded Portfolios 47 N.Y. Stock Exchange 38 Weekly Bond Statistics 52
Coming Earnings 51 Federal Reserve Data Bank 52 Nasdaq National Market 42 Winners & Losers Stocks 36
Conference Call Calendar 53 Foreign Exchange 51 New Corporate Listings 50
Consensus Estimate 51 Gold & Silver Prices 52 New Highs & Lows 53
Delta Tactical Sentiment 51 Gold Mining Index 52 NYSE Half-Hourly Volume 50
Distributions & Offerings 53 Indexes P/Es & Yields 50 Other Market Indexes 49
Dividend Boosts - Reductions 52 Initial Public Offerings 50 Pulse of the Economy 51
Dividend Ex-Payment Dates 52 Investor Sentiment Readings 50 Stock Splits - Special Dividends 52
DJ Averages 49 Key Foreign Market Indexes 45 Stock Volume 50
DJ U.S. Total Market Industry Groups 51 Market Lab 49 Trading Diary 49
Contact Us
Dow Jones Averages 49 Money Rates, U.S. & Foreign 51 Vital Signs 30 For queries, email us at
Statistics from October 21-25, 2024 [email protected]
.
NEW YORK STOCK EXCHANGE COMPOSITE LIST - NEW HIGHS - NEW LOWS
ly
–52-Week– Tick Div –52-Week– Tick Div –52-Week– Tick Div –52-Week– Tick Div –52-Week– Tick Div
High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt.
7.28 2.71 AltusPower AMPS ... 25 3.42 –0.20 ... 91.66 63.62 Aptiv APTV ... 5 69.31 –2.45 ... 25.36 17.24 AvanosMedical AVNS ... cc 22.34 –0.98 ... 364.24 261.59 Bio-RadLab A BIO ... dd 320.23 –26.14 ...
A
on
18.45 10.12 AmbacFin AMBC ... 7 11.35 –0.65 ... 39.99 25.93 Aramark ARMK ... 29 37.60 –2.07 ... 28.00 16.63 Avantor AVTR ... 42 22.43 –2.30 ... 64.78 37.60 Birkenstock BIRK ... 78 49.40 –2.38 ...
10.04 9.96 AAMissionAcqnA AAM ... ... 10.04 +0.02 ... 3.00 2.01 Ambev ABEV 5.7 12 2.25 –0.03.1443 16.35 11.77 ArborRealty ABR 11.4 11 15.12 –0.28 .43 233.48 169.85 AveryDennison AVY 1.7 25 207.16 –10.17 .88 62.20 47.49 BlackHills BKH 4.3 15 59.87 –1.89 .65
76.34 54.71 AAR AIR ... 34 61.15 –0.82 ... 11.48 8.59 Amcor AMCR 4.5 22 11.00 –0.24 .125 7.27 2.19 ArcadiumLithium ALTM ... ... 5.46 –0.07 ... 51.51 27.73 Avient AVNT 2.2 38 48.01 –2.34 .27 4.44 2.01 BlackBerry BB ... dd 2.39 –0.17 ...
59.78 38.48 ABMIndustries ABM 1.7 22 52.75 –2.26 .225 34.50 23.58 Amentum AMTM ... ... 29.65 +0.35 ... 29.01 20.52 ArcelorMittal MT 1.8 dd 24.02 –0.31 .25 39.99 31.54 Avista AVA 5.0 15 37.78 –0.20 .475 1032.00 596.18 BlackRock BLK 2.1 24 974.07 –32.95 5.10
6.62 4.37 ACCO Brands ACCO 6.2 dd 4.81 –0.38 .075 19.73 10.11 AmerSports AS ... dd 18.16 –0.74 ... 187.60 116.44 ArchResources ARCH .7 10 142.21 +0.52 .25 37.78 25.37 AxaltaCoating AXTA ... 26 35.22 –0.91 ... 14.16 3.86 BlackSkyTech BKSY ... dd 6.37 +0.26 ...
16.13 7.25 AcresCmclRlty ACR ... 19 15.16 –0.51 ... 27.00 17.39 AmerantBncp AMTB 1.7 dd 20.88 –0.07 .09 7.02 2.82 ArcherAviation ACHR ... dd 3.10 –0.09 ... 79.15 32.05 AxosFinancial AX ... 8 64.85 –1.73 ... 175.94 88.59 Blackstone BX 2.1 58 167.50 –4.86 .86
us ,
6.04 0.36 ADC Therap ADCT ... dd 2.95 –0.17 ... 89.54 67.03 Ameren AEE 3.1 20 87.80 –1.04 .67 77.35 50.72 ADM ADM 3.5 11 56.56 +0.16 .50 11.26 2.02 Azul AZUL ... dd 2.80 –0.33 ... 23.29 16.53 BlackstoneMtg BXMT10.1 dd 18.55 –0.47 .47
8.25 5.53 ADT ADT 2.8 9 7.88 +0.79 .055 39.68 17.55 Ameresco AMRC ... 28 30.51 –1.34 ... 23.44 12.41 Archrock AROC 3.2 23 20.37 –0.30 .165 4.25 1.16 BlendLabs BLND ... dd 3.35 –0.25 ...
B
l
20.31 15.55 AmericaMovil AMX 2.1 25 16.62 –0.51 .245 13.20 8.08 ArcosDorados ARCO 2.7 11 8.96 –0.37 .06 68.45 39.20 BlockHR HRB 2.5 14 60.03 –1.46 .375
108.26 74.40 AECOM ACM .8 56 104.49 –3.40 .22
e
28.42 17.52 AmericanAssets AAT 4.9 31 27.50 –0.72 .335 97.65 61.98 Arcosa ACA .2 31 93.88 –1.05 .05 87.52 38.85 Block SQ ... 57 72.61 –2.05 ...
al a
22.21 14.53 AES AES 4.1 16 16.96 –0.51.1725 1.91 0.70 Bark BARK ... dd 1.32 –0.22 ...
8.99 5.43 AmericanAxle AXL ... cc 6.00 –0.31 ... 20.31 12.95 ArcusBiosci RCUS ... dd 16.32 –2.12 ... 18.14 8.41 BloomEnergy BE ... dd 9.50 –0.66 ...
115.50 75.08 Aflac AFL 1.8 12 109.75 –4.75 .50 11.97 7.62 B&G Foods BGS 9.3 dd 8.21 –0.47 .19
26.44 15.92 AmerEagle AEO 2.5 16 19.86 –1.35 .125 4.26 3.14 ArdaghMetalPkg AMBP10.8 dd 3.71 –0.53 .10 16.91 12.99 BlueOwlCapital OBDC 9.8 8 15.15 +0.05 .37
130.26 84.35 AGCO AGCO 1.2 18 100.42 –1.32 .29 34.34 18.71 BBB Foods TBBB ... ... 34.25 +1.03 ...
286.36 141.03 AmerExpress AXP 1.0 20 267.35 –9.44 .70 20.72 15.00 ArdentHealth ARDT ... ... 17.74 –1.80 ... 24.17 12.15 BlueOwlCapital OWL 3.1 cc 22.97 –0.88 .18
7.95 4.90 AG Mortgage MITT10.2 5 7.26 –0.30 .19 41.77 31.13 BCE BCE 9.0 21 32.79 –0.75.7252
ci on
138.81 106.62 AmericanFin AFG 2.5 12 129.41 –6.91 .80 23.44 12.69 ArdmoreShipping ASC 7.2 4 14.80 –1.96 .38 132.67 68.19 BlueLinx BXC ... 24 104.18 –5.36 ...
33.73 6.00 a.k.a.Brands AKA ... dd 24.35 –2.25 ... 2.77 1.85 BEST BEST ... dd 2.70 –0.02 ...
26.77 12.63 AmerHlthcrREIT AHR 3.9 dd 25.87 +0.66 .25 11.00 10.29 AresAcqnII A AACT ... 26 10.88 +0.04 ... 267.54 146.02 Boeing BA ... dd 155.01 +0.01 ...
11.88 2.38 AMC Ent AMC ... dd 4.32 –0.04 ... 10.74 6.40 BGSF BGSF .0 41 7.96 –0.58 .15
41.41 31.36 AmHomes4Rent AMH 2.7 40 38.27 +0.15 .26 11.24 6.36 AresCommRealEst ACRE15.5 dd 6.45 –0.26 .25 154.67 87.32 BoiseCascade BCC .6 12 135.38 –6.365.00
80.22 36.50 AMN Healthcare AMN ... 15 39.67 –1.34 ... 69.11 50.90 BHP Group BHP 5.1 18 56.44 –0.68 1.44
80.83 59.12 AIG AIG 2.1 13 76.82 –1.73 .40 171.78 96.00 AresMgmt ARES 2.2 86 169.47 –0.42 .93 169.83 66.73 BootBarn BOOT ... 32 158.00 –7.56 ...
6.18 2.61 AMTD Digital HKD ... ... 3.40 –0.24 ... 93.16 43.11 BILL BILL ... dd 54.77 –3.00 ...
25.96 11.69 AmRltyInv ARL ... 61 14.18 –0.22 ... 135.85 39.74 Argan AGX 1.2 40 126.11 –2.68 .375 189.13 114.69 BoozAllen BAH 1.1 39 181.93 +18.02 .51
2.49 1.16 AMTD IDEA AMTD ... ... 1.36 –0.05 ... 6.95 1.79 BitMining BTCM ... dd 2.62 –0.23 ...
87.50 66.03 AmerStWater AWR 2.3 29 82.34 –3.29.4655 18.99 7.22 ArisWater ARIS 2.8 20 15.05 –1.07 .105 38.41 29.51 BorgWarner BWA ... 11 33.60 –1.60 ...
3.44 2.56 ARC Document ARC 5.8 19 3.43 +0.01 .05 92.37 63.08 BJ'sWholesale BJ ... 21 84.67 –3.14 ...
10.91 5.46 AmerStratInvt NYC ... dd 8.94 –0.23 ... 422.73 170.87 AristaNetworks ANET ... 51 394.09 –7.91 ... 7.61 4.59 BorrDrilling BORR .0 18 4.70 –0.47 .10
12.86 7.33 ASE Tech ASX ... 23 10.32 –0.07 ... 18.88 17.90 BKV BKV ... dd 18.05 –0.40 ...
243.56 169.70 AmerTowerREIT AMT 2.9 42 222.80 –3.50 1.62 17.64 7.77 ArloTech ARLO ... dd 10.91 –0.67 ... 371.65 254.40 BostonBeer SAM ... 39 295.96 –2.85 ...
er s
106.42 79.32 ASGN ASGN ... 23 92.75 –2.65 ... 40.40 30.52 BP BP 6.0 12 31.52 +0.19 .48
14.28 4.95 AmerVanguard AVD 2.2 dd 5.37 –0.09 .03 13.11 9.81 ArmadaHoffler AHH 7.4 dd 11.02 –0.24 .205 16.99 12.41 BostonOmaha BOC ... dd 15.31 +0.40 ...
22.58 14.74 AT&T T 5.1 18 21.83 –0.02.2775 5.40 1.04 BP Prudhoe BPT ... ... 1.17 –0.01 ...
150.68 113.34 AmerWaterWorks AWK 2.2 28 137.66 –4.30 .765 21.93 13.32 ArmourResREIT ARR 14.9 8 19.39 –0.97 .24 88.79 49.15 BostonSci BSX ... 70 84.73 –3.34 ...
68.92 36.70 ATI ATI ... 24 61.38 –1.74 ... 7.14 2.60 BRC BRCC ... dd 3.24 –0.15 ...
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
31.60 5.00 AmericanWell AMWL ... dd 9.41 –0.93 ... 142.33 72.30 ArmstrongWorld AWI .9 25 136.19 –4.84 .308 32.55 22.14 Bowhead BOW ... ... 29.42 –1.74 ...
8.48 3.92 ATI PhysTherapy ATIP ... dd 5.89 –0.16 ... 4.76 1.95 BRF BRFS ... 20 4.30 +0.01 ...
44.70 24.82 ATS ATS ... 23 30.44 –1.07 ...
30.92
524.89
21.87
309.48
m er
AmericoldRealty
Ameriprise
COLD 3.4
AMP 1.2
dd
19
26.03
504.48
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–18.68 1.48
137.39
47.08
108.51
32.12
ArrowElec
ArtisanPtrsAsset
ARW ...
APAM 6.1
12
13
132.39
43.65
–3.16 ...
–3.25 .71
20.12 15.21 BRT Apartments BRT 6.0 dd 16.75 –0.67 .25 15.47
33.95
8.85
23.29
Bowlero
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BOWL 1.9
BOX ...
dd
41
11.58
32.05
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+0.01 ...
16.46 10.55 A10Networks ATEN 1.7 25 14.50 –0.09 .06 22.31 10.32 BW LPG BWLP23.3 4 13.55 –0.65 .58
66.51 34.76 AmerisBancorp ABCB 1.0 14 61.25 –3.60 .15 29.24 12.16 Artivion AORT ... dd 26.47 –0.89 ... 71.00 49.34 BoydGaming BYD 1.0 13 69.36 +4.39 .17
83.20 52.90 AXIS Capital AXS 2.2 11 79.74 –3.11 .44 128.00 72.91 BWX Tech BWXT .8 42 123.03 –3.18 .24
186.33 136.89 Ametek AME .7 29 166.96 –2.44 .28 23.44 11.05 Asana ASAN ... dd 11.85 –0.39 ... 76.97 51.35 Brady BRC 1.3 18 72.08 –3.90 .24
50.78 25.03 AZEK AZEK ... 38 42.55 –1.58 ... 90.11 50.64 BXP BXP 4.5 82 86.99 –2.73 .98
3.02 0.74 Ampco-Pitt AP ... dd 2.00 +0.03 ... 277.13 184.47 AsburyAutomotive ABG ... 11 222.87 –11.78 ... 3.95 1.79 BraemarHtls BHR 6.8 dd 2.96 –0.22 .05
88.67 45.62 AZZ AZZ .9 89 76.52 –1.80 .17 71.20 39.48 Amphenol APH 1.0 40 69.41 +1.95 .165 2.62 0.52 AshfordHosp AHT ... dd .56 –0.04 ... 2.99 0.75 Babcock&Wilcox BW ... dd 2.35 –0.22 ...
121.64 91.64 AbbottLabs ABT 1.9 35 114.22 –5.17 .55 230.76 135.37 BadgerMeter BMI .7 50 202.03 –5.63 .34 6.54 3.62 BrandywineRealty BDN 11.6 dd 5.18 –1.35 .15
m rp
8.15 3.56 AmplifyEnergy AMPY ... 10 6.75 +0.20 ... 102.50 70.82 Ashland ASH 1.9 27 83.84 –3.91.405 5.55 4.14 BrasilAgro LND 6.1 10 4.17 –0.18.2561
199.95 135.85 AbbVie ABBV 3.3 63 187.85 –1.01 1.55 6.02 0.61 AmpriusTech AMPX ... dd 1.37 –0.03 ... 33.15 7.17 AspenAerogels ASPN ... cc 19.00 –2.60 ... 68.75 5.57 Bakkt BKKT ... dd 10.77 –0.52 ...
196.99 57.78 Abercrombie&Fitch ANF ... 15 141.53 –15.22 ... 71.32 46.32 Ball BALL 1.2 dd 64.03 –3.22 .20 10.98 5.28 Braskem BAK ... dd 6.09 –0.25 ...
31.26 15.38 Amrep AXR ... 17 29.59 +0.05 ... 24.21 15.87 AssociatedBanc ASB 3.8 20 22.91 +0.06 .22 59.66 26.08 BreadFinancial BFH 1.7 5 49.38 –1.77 .21
24.75 13.24 AcadiaRealty AKR 3.2 cc 24.01 –0.73 .19 13.32 8.10 AngelOakMtgREIT AOMR13.7 5 9.34 –0.45 .32 43.85 28.58 AssocCapital AC .6 23 35.99 –7.112.00 18.00 7.28 Bally's BALY ... dd 17.36 –0.09 ...
12.61 9.37 AccelEnt ACEL ... 20 11.20 –0.12 ... 15.69 10.53 BancCalifornia BANC 2.6 dd 15.22 +0.04 .10 10.95 6.18 BridgeInvt BRDG 4.9 dd 10.52 –0.32 .13
32.57 15.60 AngloGoldAsh AU .7 cc 29.50 –0.83 .22 201.55 145.48 Assurant AIZ 1.5 13 191.77 –5.73 .72 141.90 71.65 BrightHorizons BFAM ... 74 129.77 –1.85 ...
387.51 278.69 Accenture ACN 1.6 32 360.80 –16.06 1.48 67.49 52.75 AB InBev BUD ... 22 63.90 –2.14 ... 96.60 59.98 AssuredGuaranty AGO 1.5 7 83.04 –3.73 .31 13.52 3.86 BancoBBVA BBAR .0 7 13.45 +1.89.4713
3.23 0.96 BrightScholar BEDU ... dd 1.90 –0.10 ...
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
312.20 156.84 AcuityBrands AYI .2 23 303.09 –4.46 .15 21.11 14.52 AnnalyCap NLY 13.3 dd 19.49 –0.79 .65 194.98 80.11 Atkore ATKR 1.5 6 85.58 –3.97 .32 12.20 7.77 BBVA BBVA 6.1 6 9.70 –0.38.3244
74.77 49.42 Acushnet GOLF 1.4 21 60.50 –1.80 .215 3.21 1.95 BancoBradesco BBDO 8.8 9 2.28 –0.06.003 27.33 15.23 BrightSphere BSIG .2 16 25.82 –1.28 .01
22.49 4.53 AnnovisBio ANVS ... dd 9.87 +0.66 ... 42.50 27.63 AtlUnionBkshs AUB 3.5 15 36.81 –2.00 .34 8.01 5.07 BrightSpire BRSP12.1 dd 5.29 –0.18 .16
12.51 8.72 Adecoagro AGRO 2.8 6 11.77 +0.39.1649 25.97 19.51 BancodeChile BCH 5.0 9 24.49 –0.111.6924
co o
15.87 11.58 AnteroMidstream AM 6.0 19 15.01 –0.14 .225 24.93 15.55 AtlasEnergy AESI 4.6 19 20.03 +0.09 .23 17.49 6.58 BrightView BV ... cc 16.00 –0.76 ...
37.19 19.40 Adient ADNT ... 28 20.89 –1.86 ... 36.28 20.10 AnteroResources AR ... cc 27.74 +0.90 ... 144.32 105.45 AtmosEnergy ATO 2.3 21 140.72 –2.54 .805 34.45 20.90 Bladex BLX 6.1 6 32.61 –0.66 .50
80.18 43.78 AdtalemGlbEduc ATGE ... 21 72.09 –0.96 ... 80.20 17.74 BancoMacro BMA .0 4 79.41 +6.661.7446 115.91 64.97 Brink's BCO 1.0 34 101.60 –8.90.2425
8.40 3.01 AnywhereRealEst HOUS ... dd 3.76 –0.90 ... 40.29 18.21 AtmusFiltration ATMU .5 19 39.41 –0.38 .05 96.28 32.29 BrinkerIntl EAT ... 28 94.89 +2.43 ...
88.56 36.40 AdvanceAuto AAP 2.7 cc 36.74 –3.08 .25 389.21 268.06 Aon AON .7 30 375.44 +17.51 .675 3.19 1.01 ATRenew RERE ... dd 2.58 –0.03 ... 6.66 4.78 BancSanBrasil BSBR 4.6 ... 5.00 –0.11.0714
55.04 39.35 BristolMyers BMY 4.6 dd 51.92 –1.30 .60
F
184.27 102.32 AdvDrainageSys WMS .4 24 150.07 –7.24 .16 9.49 5.63 ApartmtInv AIV ... dd 8.70 –0.13 ... 10.85 6.17 Auna AUNA ... dd 6.95 –0.27 ... 21.43 16.89 BcoSantChile BSAC 2.8 13 20.46 –0.05.7557
32.04 20.86 AdvanSix ASIX 2.2 95 28.90 –1.19 .16 5.27 3.60 BancoSantander SAN 3.1 6 4.92 –0.12.1116 0.12 0.02 BristolMyersRt CELG.RT49.7 ... .04 –0.02.0199
39.98 25.12 APi Group APG ... dd 32.84 –1.15 ... 34.70 21.89 Autohome ATHM ... 13 28.75 –1.24 ...
6.96 4.69 Aegon AEG 4.7 dd 6.35 –0.08.1723 37.85 25.03 BanColombia CIB 10.9 9 31.31 –1.83.8456 41.50 24.33 Bristow VTOL ... 33 34.28 +0.64 ...
12.74 8.52 ApolloComRlEst ARI 11.3 cc 8.82 –0.08 .25 129.38 89.37 Autoliv ALV 2.9 12 94.74 –4.78 .68
99.30 58.89 AerCap AER 1.0 6 95.42 –2.07 .25 44.44 24.96 BankofAmerica BAC 2.5 15 41.89 –0.43 .26 39.54 28.25 BritishAmTob BTI 8.5 dd 34.47 –0.03.7431
146.82 77.11 ApolloGlblMgmt APO 1.3 15 143.09 –1.92.4625 197.18 123.81 AutoNation AN ... 9 155.83 –13.31 ...
7.25 2.20 AevaTech AEVA ... dd 4.05 –0.11 ... 40.55 24.62 BankofButterfield NTB 4.8 8 36.78 –1.95 .44 28.46 19.79 BrixmorProp BRX 4.0 28 27.47 –0.88.2725
17.90 13.60 AppleHospREIT APLE 6.4 17 14.89 –0.11 .08 3256.37 2425.00 AutoZone AZO ... 21 3130.96 –51.11 ...
196.69 121.56 AffiliatedMgrs AMG .0 11 191.35 –3.27 .01 75.19 47.34 BankofHawaii BOH 4.2 19 66.03 –1.00 .70 224.32 166.73 BroadridgeFinl BR 1.6 36 214.03 –5.07 .88
240.45 149.59 AppliedIndlTechs AIT .6 24 231.30 –0.77 .37 236.26 160.45 Avalonbay AVB 3.0 38 226.35 –0.79 1.70
155.35 96.80 AgilentTechs A .7 27 130.19 –8.64 .236 100.12 73.98 BankMontreal BMO 4.9 15 92.77 –1.291.1507 19.15 13.68 Broadstone BNL 6.5 21 17.79 –0.92 .29
169.85 120.36 Aptargroup ATR 1.1 36 168.91 +0.28 .45 37.70 28.75 Avangrid AGR 4.9 12 35.75 +0.10 .44
18.43 2.58 agilon health AGL ... dd 2.58 –0.40 ... 78.03 41.50 BankNY Mellon BK 2.5 16 75.20 –1.47 .47 8.12 3.66 BrookdaleSrLiving BKD ... dd 6.12 –0.46 ...
89.00 44.37 AgnicoEagleMines AEM 1.8 71 86.88 +0.71 .40 55.12 39.80 BankNovaScotia BNS 6.1 12 51.78 –1.76.7859 53.02 28.35 BrookfieldAsset BAM 2.8 47 52.46 +0.91 .38
77.47 52.69 AgreeRealty ADC 4.0 42 75.03 –0.55 .253 39.51 21.13 BankUnited BKU 3.4 14 34.59 –2.47 .29 26.66 14.00 BrookfieldBus BBUC 1.1 4 23.45 –2.19.0625
56.83 28.84 Brookfield BN .6 93 53.50 –2.89 .08
99.41 69.19 AlbanyIntl AIN 1.5 20 71.11 –3.40 .26 52.99 26.21 Bath&BodyWks BBWI 2.6 7 30.38 –1.56 .20 107.67 67.30 Brown&Brown BRO .6 30 103.98 –2.41 .15
153.54 71.97 Albemarle ALB 1.7 dd 93.51 –1.63.405 some large components ended the benchmark’s six-week winning streak. 11.55 9.60 BatteryFutureA BFAC ... 28 11.13 +0.02 ... 62.31 42.10 Brown-Forman A BF.A 1.8 23 47.44 –0.49.2178
23.47 17.80 Albertsons ACI 2.6 11 18.41 –0.59 .12 21.69 13.16 Bausch+Lomb BLCO ... dd 20.46 –0.17 ... 60.97 41.42 Brown-Forman B BF.B 1.8 23 48.37 –0.60.2178
45.48 23.17 Alcoa AA 1.0 dd 41.10 –0.61 .10
Microsoft rose 2.4%, while 3M fell 7.7% after failing to raise guidance. 11.46 3.96 BauschHealth BHC ... dd 8.04 –0.12 ... 99.68 67.18 Brunswick BC 2.1 16 80.76 –3.28 .42
101.10 69.53 Alcon ALC ... 42 94.25 –0.89 ... 44.01 31.75 BaxterIntl BAX 3.2 dd 35.97 –0.89 .29 48.15 32.16 Buckle BKE 3.3 10 42.39 –2.16 .35
20.30 15.53 Alexander&Baldwin ALEX 4.7 34 18.74 +0.26.2225 Monday Tuesday Wednesday Thursday Friday 4.65 2.83 BaytexEnergy BTE 2.2 dd 2.97 +0.06.0164 18.84 7.73 Buenaventura BVN ... 36 13.32 –0.38 ...
no
251.63 179.25 Alexander's ALX 8.0 22 225.31 –9.494.50 13.45 5.14 Beachbody BODI ... dd 6.43 –0.33 ... 38.71 21.24 Build-A-Bear BBW 2.2 10 37.11 –1.54 .20
135.45 90.73 AlexandriaRlEst ARE 4.6 69 113.02 –8.77 1.30 (Previous Friday Close)
43,310 35.20 23.25 BeazerHomes BZH ... 7 31.02 –2.86 ... 214.70 105.24 BuildersFirst BLDR ... 16 180.80 –14.17 ...
117.82 66.63 Alibaba BABA 1.0 25 97.42 –5.01 .66 259.92 218.75 BectonDicknsn BDX 1.6 49 238.13 –5.62 .95 114.92 86.10 BungeGlobal BG 3.0 10 89.78 +0.23 .68
10.38 6.15 Alight ALIT ... dd 7.03 –0.22 ... 123.03 60.55 Belden BDC .2 25 116.55 –3.34 .05 16.77 12.07 BurfordCapital BUR 1.8 8 13.56 –0.37.0625
156.10 95.97 Allegion ALLE 1.3 22 142.60 –10.76 .48 42,995 67.12 42.71 BellRing BRBR ... 39 64.48 –1.27 ... 282.49 116.33 BurlingtonStrs BURL ... 38 251.65 –6.13 ...
65.86 52.30 Allete ALE 4.4 17 64.30 –0.08 .705 48.58 23.62 BenchmarkElec BHE 1.5 24 44.51 +0.10 .17 2.20 0.67 ButterflyNtwk BFLY ... dd 1.82 +0.06 ...
38.96 25.83 AllianceBernstein AB 7.8 11 38.38 –0.31 .77 61.96 43.20 Berkley WRB .6 15 58.16 –3.10 .25 29.49 18.63 BylineBancorp BY 1.3 10 26.87 +0.43 .09
101.40 50.14 AllisonTransm ALSN 1.0 13 98.49 –2.11 .25 42,680 741971 502000 BerkHathwy A BRK.A ... 14 681999 –16501 ... C
198.79 122.53 Allstate ALL 2.0 17 188.12 –7.25 .92 484.82 330.58 BerkHathwy B BRK.B ... 14 454.01 –10.79 ...
4.64 0.55 AllurionTech ALUR ... dd .76 +0.06 ... 28.51 19.08 BerkshireHills BHLB 2.7 53 26.98 –1.06 .18 570.28 312.78 CACI Intl CACI ... 27 547.36 +16.07 ...
45.46 23.42 AllyFinancial ALLY 3.5 14 34.42 –0.59 .30 70.86 54.06 BerryGlobal BERY 1.6 15 67.97 –2.33 .275 140.69 29.66 CAVA CAVA ... cc 136.09 +0.75 ...
7.30 4.00 AlmacenesExito EXTO 1.1 cc 4.22 –0.13.0113 42,365 103.71 62.30 BestBuy BBY 4.1 16 92.68 –3.46 .94 86.36 49.15 CBIZ CBZ ... 28 66.39 –1.60 ...
452.00 185.00 AlphaMetal AMR 1.0 6 206.01 –3.26 .50 21.28 9.77 BetterwaredeMexico BWMX ... 7 12.84 +0.29 ... 27.87 19.90 CBL&Assoc CBL 6.0 29 26.71 –0.51 .40
19.42 14.33 AlpineIncmProp PINE 6.2 74 17.83 –0.64 .28 -344.31 -6.71 -409.94 -140.59 -259.96 37.10 6.06 Beyond BYON ... dd 6.37 –4.15 ... 136.06 64.63 CBRE Group CBRE ... 44 132.54 +6.86 ...
13.67 5.40 AltaEquipment ALTG 3.7 dd 6.20 –0.05 .057 42,050 4.80 1.16 BigBear.ai BBAI ... dd 1.59 –0.16 ... 90.86 69.13 CF Industries CF 2.4 15 83.19 –0.80 .50
3.66 1.52 AlticeUSA ATUS ... dd 2.54 +0.23 ... 1077.20 700.00 BiglariA BH.A ... cc 837.50 –34.56 ... 118.89 93.07 CGI A GIB ... 21 113.11 –3.14 ...
10 12 2 4 10 12 2 4 10 12 2 4 10 12 2 4 10 12 2 4
24.00 3.93 AltoNeurosci ANRO ... dd 4.37 –10.06 ... 219.00 137.01 BiglariB BH ... dd 172.28 +0.28 ... 8.04 3.34 CI&T CINT ... 37 6.93 –0.31 ...
54.95 39.19 Altria MO 8.2 9 49.71 +0.10 1.02 62.21 25.97 Biohaven BHVN ... dd 52.84 –0.12 ... 21.26 14.10 CMB.TECH CMBT 7.1 3 15.22 –1.134.489
October 28, 2024 BARRON’S 39
.
83.25 52.77 CVS Health CVS 4.7 10 56.49 –3.85 .665 73.53 55.10 Coca-Cola KO 2.9 28 66.92 –3.52 .485 11.80 3.62 DesktopMetal DM ... dd 4.90 –0.07 ... 112.53 83.27 EnerSys ENS 1.0 15 99.35 –2.92 .24 90.54 54.54 FortuneBrands FBIN 1.1 24 85.49 –4.52 .24
ly
618.44 311.28 CableOne CABO 3.4 10 343.65 –17.00 2.95 104.38 74.83 Coca-Cola Femsa KOF 2.6 15 85.86 –0.98 .781 15.82 6.15 Despegar.com DESP ... cc 15.00 +0.45 ... 10.45 7.52 Enfusion ENFN ... cc 8.96 +0.20 ... 24.48 14.06 ForumEnergyTech FET ... dd 14.40 –0.42 ...
117.14 65.10 Cabot CBT 1.6 13 109.26 –5.34 .43 7.72 2.00 CoeurMining CDE ... dd 6.80 –0.30 ... 105.00 8.25 DestinyTech100 DXYZ ... 69 11.99 +0.28 ... 11.74 6.89 Enhabit EHAB ... dd 7.04 –0.32 ... 30.93 20.51 FourCornersProp FCPT 4.9 26 28.24 –1.49 .345
64.96 37.58 Cactus WHD .9 20 58.28 –1.23 .13 110.67 50.27 Cohen&Steers CNS 2.4 37 99.99 –6.49 .59 17.95 10.90 DeutscheBank DB 1.9 8 16.84 –0.80.486 25.75 18.88 Ennis EBF 4.9 13 20.51 –0.34 2.50 22.70 7.41 FourSeasonsEduc FEDU19.4 35 11.73 –0.268.40
28.75 16.29 Cadeler CDLR ... cc 27.15 –0.03 ... 106.50 28.62 Coherent COHR ... dd 95.84 –2.39 ... 55.09 37.77 DevonEnergy DVN 4.5 7 39.19 –1.47 .22 96.01 36.85 EnovaIntl ENVA ... 14 85.57 –1.27 ... 137.52 102.29 Franco-Nevada FNV 1.1 dd 135.62 +3.49 .36
34.25 20.77 CadenceBank CADE 3.0 10 33.09 +0.20 .25 109.30 71.47 ColgatePalm CL 2.1 28 95.61 –4.85 .50 161.64 119.48 Diageo DEO 3.1 19 133.27 –6.142.5192 65.03 38.27 Enovis ENOV ... dd 39.99 –1.27 ... 14.66 11.99 FrankBSPRealty FBRT11.0 16 12.93 –0.16 .355
40.28 27.35 Cadre CDRE .9 36 37.12 –1.38.0875
on
10.48 9.16 ColombierAcqnIIA CLBR ... 59 10.29 +0.03 ... 9.99 7.33 Diamondrock DRH 1.4 30 8.78 –0.22 .03 176.13 106.08 Enpro NPO .8 cc 148.86 –7.52 .30 44.96 32.19 FranklinCovey FC ... 29 38.99 –1.99 ...
23.24 15.95 CAE CAE ... dd 18.57 –0.62 ... 66.06 37.54 Comerica CMA 4.6 15 61.77 –3.17 .71 3.57 2.14 DianaShipping DSX 13.2 22 2.27 –0.12 .075 138.24 90.78 Entergy ETR 3.3 16 135.38 +0.10 1.13 30.32 18.95 FranklinRscs BEN 6.1 13 20.37 –0.61 .31
44.51 24.71 Caleres CAL 1.0 6 28.72 –4.39 .07 424.63 164.55 ComfortSystems FIX .3 31 370.50 –47.04 .30 239.30 100.98 Dick's DKS 2.2 15 204.37 –14.29 1.10 30.05 25.61 EnterpriseProd EPD 7.2 11 29.05 –0.13 .525 55.24 32.83 FreeportMcM FCX 1.3 34 46.60 –1.58 .075
57.89 43.09 CaliforniaRscs CRC 3.0 23 52.44 +1.16.3875 61.26 41.17 CommercialMetals CMC 1.4 13 51.97 –4.14 .18 47.73 17.97 DieboldNixdorf DBD ... 1 46.75 +0.96 ... 4.41 1.33 Entravision EVC 9.3 dd 2.15 –0.11 .05 22.76 16.37 FreseniusMedCare FMS 2.1 21 20.93 +0.43.6342
56.25 43.50 CalWtrSvc CWT 2.2 17 51.62 –2.01 .28 63.95 37.99 CommunityFinSys CBU 3.3 18 56.52 –4.34 .46 193.88 120.14 DigitalRealty DLR 2.7 53 181.01 +15.63 1.22 73.04 33.12 Envestnet ENV ... dd 62.75 +0.02 ... 30.59 21.23 FreshDelMonte FDP 3.3 dd 28.73 –0.80 .25
45.15 26.76 Calix CALX ... cc 38.02 –1.10 ... 6.29 2.01 CommunityHlthSys CYH ... dd 3.99 –1.96 ... 20.99 11.07 DigitalBridge DBRG .2 7 16.86 +0.74 .01 12.79 5.64 Enviri NVRI ... dd 10.02 –0.44 ... 29.39 18.34 Frontline FRO 9.4 8 20.23 –1.88 .62
127.69 82.81 CamdenProperty CPT 3.5 33 118.29 –2.45 1.03 29.16 15.06 CommunityHlthcr CHCT10.4 dd 17.62 –0.13.4625 44.80 19.39 DigitalOcean DOCN ... 57 41.04 –2.28 ... 25.64 15.15 Envista NVST ... dd 18.89 +0.01 ... 19.76 18.25 FrontViewREIT FVR ... ... 19.44 +0.18 ...
us ,
58.72 35.43 Cameco CCJ ... cc 53.79 –4.23 ... 18.36 11.46 SABESP SBS 1.3 13 15.99 –0.08.2808 476.48 286.39 Dillard's DDS .3 9 379.14 –12.47 .25 1.50 0.99 EnzoBiochem ENZ ... dd 1.14 –0.01 ... 3.82 1.10 fuboTV FUBO ... dd 1.56 –0.07 ...
28.72 16.18 CampingWorld CWH 2.4 dd 21.07 –2.05 .125
l
2.83 1.99 EngGr-Cmg C CIG.C10.2 6 2.49 +0.05.0275 53.26 28.25 DineBrands DIN 6.8 5 29.95 –2.77 .51 309.63 159.95 Equifax EFX .6 60 269.89 –12.10 .39 10.29 5.70 FullTruck YMM 1.4 26 8.98 +0.10.1264
14.75 9.80 CanadaGoose GOOS ... 24 10.22 –1.02 ... 2.19 1.62 EngGr-Cmg CIG 13.2 5 1.92 +0.01.0275 4.16 1.07 Dingdong DDL ... 82 3.49 +0.42 ... 34.21 23.95 Equinor EQNR 4.3 8 25.48 +1.33 .35 87.67 64.64 FullerHB FUL 1.2 23 74.80 –4.44.2225
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63.36 34.45 CIBC CM 4.0 12 62.81 +0.15.6577 8.91 6.52 COPEL ELP 1.9 2 6.80 –0.01.0705 157.06 79.04 DiscoverFinSvcs DFS 1.9 12 148.90 +0.22 .70 46.30 24.65 Equitable EQH 2.1 19 44.97 –1.01 .24 8.36 4.15 FutureFuel FF 3.9 7 6.20 +0.11 .06
134.02 103.96 CanNtlRlwy CNI 2.2 18 110.97 –2.65.6108 8.25 5.74 COPEL ELPC 1.9 9 5.95 –0.25.0641 123.74 79.23 Disney DIS .8 36 95.03 –2.25 .45 45.60 23.24 EquityBcshs EQBK 1.2 38 42.00 –1.82 .15
41.29 29.46 CanadianNatRscs CNQ 4.3 14 35.55 –0.01.4143 G
4.03 1.89 CiaSiderurgica SID ... dd 2.09 +0.03 ... 18.69 10.54 DiversifiedEnergy DEC 14.8 4 11.80 +0.34 .29 21.00 17.93 EquityCommnwlth EQC ... 51 19.78 –0.05 ...
91.58 69.08 CdnPacKC CP .8 28 77.11 –2.97.1375 13.74 10.00 CerveceriasUnid CCU 2.2 18 11.47 +0.22.1023 90.06 66.35 DolbyLab DLB 1.6 33 72.79 –2.03 .30 76.60 59.82 EquityLife ELS 2.8 37 69.39 –0.58.4775
ci on
151.33 101.31 GATX GATX 1.7 18 137.81 +4.17 .58
2.25 0.92 Cango CANG ... 13 2.22 +0.44 ... 25.07 16.88 CompassDiversif CODI 4.9 dd 20.55 –1.23 .25 17.12 10.71 Dole DOLE 2.0 7 16.09 –0.06 .08 78.83 52.57 EquityResdntl EQR 3.6 30 74.67 –0.96 .675 56.00 2.28 GCT Semiconductor GCTS ... dd 2.71 +0.09 ...
22.99 15.93 Cannae CNNE 2.5 dd 19.00 –0.71 .12 6.78 1.82 Compass COMP ... dd 5.64 –0.15 ... 168.07 77.96 DollarGeneral DG 2.9 12 80.38 –0.22 .59 1.95 1.19 EquusTotReturn EQS ... 2 1.33 –0.06 ... 194.80 84.32 GE Aerospace GE .6 32 179.10 –13.51 .08
167.93 96.16 CapitalOne COF 1.5 15 161.27 +2.24 .60 27.25 7.51 CompassMinerals CMP 4.5 dd 13.35 –0.19 .15 61.26 39.44 DominionEner D 4.5 32 59.58 –0.34.6675 15.26 7.85 ErmenegildoZegna ZGN 1.6 19 8.03 –0.36.1289 18.05 8.33 GEO Group GEO ... 67 15.19 –0.01 ...
51.46 20.99 Capri CPRI ... dd 21.26 –20.72 ... 13.39 7.07 ComstockRscs CRK 4.2 dd 12.00 +0.55 .125 542.75 332.13 Domino's DPZ 1.5 25 413.81 –15.04 1.51 24.34 11.35 EroCopper ERO ... dd 19.39 –0.27 ... 298.81 115.00 GE Vernova GEV ... 91 293.54 +20.82 ...
116.05 90.19 CardinalHealth CAH 1.8 32 110.89 –1.52.5056 33.24 26.62 ConagraBrands CAG 4.8 29 29.43 –0.89 .35 78.03 57.05 Donaldson DCI 1.4 22 74.88 –0.82 .27 65.33 45.63 EssentGroup ESNT 1.9 9 60.46 –3.49 .28 43.79 26.87 GFLEnvironmental GFL .1 dd 40.08 –1.20 .014
31.51 20.10 CareTrustREIT CTRE 3.8 53 30.93 +0.05 .29 24.81 18.89 Concentra CON ... ... 20.91 –0.33 ... 71.01 52.50 DonnelleyFin DFIN ... 18 63.97 –3.62 ... 34.51 20.86 EssentialProp EPRT 3.6 28 32.60 –1.55 .29 101.04 57.12 GMS GMS ... 15 89.89 –5.77 ...
481.26 237.76 Carlisle CSL 1.0 12 417.20 –53.96 1.00 26.70 3.82 ConcordMed CCM ... dd 7.66 –0.34 ... 51.66 30.06 DorianLPG LPG .0 4 31.03 –1.73 1.00 41.78 32.95 EssentialUtil WTRG 3.4 19 38.84 –1.71.3255 45.93 33.67 GSK GSK 4.0 15 37.52 –1.03.3762
er s
88.22 59.66 CarMax KMX ... 27 72.00 –2.70 ... 117.27 61.05 Conmed CNMD 1.3 20 62.15 –4.23 .20 43.00 16.11 DoubleVerify DV ... 50 17.35 ... ... 317.73 203.85 EssexProp ESS 3.3 37 295.65 –0.85 2.45
21.80 11.01 Carnival CCL ... 19 20.91 –0.41 ... 63.33 46.07 GXO Logistics GXO ... 52 61.12 –1.89 ...
135.18 101.30 ConocoPhillips COP 2.2 12 104.56 –1.11 .20 31.39 21.31 DouglasDynamics PLOW 4.6 21 25.66 –1.45 .295 159.75 82.39 EsteeLauder EL 3.0 81 87.25 –2.79 .66 301.04 218.63 Gallagher AJG .8 55 282.97 –6.28 .60
19.92 9.97 Carnival CUK ... 17 19.01 –0.43 ...
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
107.75 85.85 ConEd ED 3.2 20 104.60 –2.16 .83 3.16 1.00 DouglasElliman DOUG ... dd 1.81 +0.26 ... 35.62 25.33 EthanAllen ETD 5.3 12 29.35 –1.79 .40 64.83 9.95 GameStop GME ... cc 20.57 –0.65 ...
166.51 58.87 CarpenterTech CRS .5 42 155.47 –3.05 .20 274.87 227.64 ConstBrands A STZ 1.7 77 239.38 –2.14 1.01 19.27 10.76 DouglasEmmett DEI 4.1 dd 18.36 –0.85 .19 8.00 2.33 EveHolding EVEX ... dd 3.38 –0.05 ...
35.00 18.06 CarriageSvcs CSV 1.4 17 32.09 –0.26.1125 23.20 10.49
m er
Constellium CSTM ... 16 11.35 –3.65 ... 195.68 127.25 Dover DOV 1.1 17 186.98 –7.40 .515 9.20 2.51 Eventbrite EB ... dd 3.00 +0.02 ...
5.93
8.44
1.66
2.22
Gannett
GaotuTechedu
GCI ...
GOTU ...
dd
dd
5.59
3.02
+0.14 ...
–0.18 ...
83.32 45.68 CarrierGlobal CARR 1.0 19 73.72 –7.83 .19 37.80 7.50 ContainerStore TCS ... dd 9.57 –2.43 ... 60.69 47.60 Dow DOW 5.6 33 49.70 –3.41 .70 288.03 126.16 EvercoreA EVR 1.2 33 260.57 –25.47 .80
21.24 14.82 Cars.com CARS ... 43 15.75 –0.22 ... 30.75 12.46 Gap GAP 2.8 11 21.61 –0.89 .15
9.67 5.15 Volaris VLRS ... 4 7.09 –0.06 ... 44.88 19.89 Doximity DOCS ... 52 41.25 –2.25 ... 12.18 10.82 EverestConsolA MNTN ... dd 11.38 ... ... 184.42 99.61 Garmin GRMN 1.8 23 162.30 –5.28 .75
88.03 54.74 Carter's CRI 5.6 9 56.95 –10.53 .80 13.94 10.07 Cool CLCO15.4 5 10.63 –0.83 .41 84.46 63.72 DrReddy'sLab RDY .5 19 76.38 –3.29.4068 417.92 343.76 Everest EG 2.1 6 379.61 –4.622.00
203.72 25.09 Carvana CVNA ... 64 202.53 +11.22 ... 535.29 323.61 Gartner IT ... 49 513.36 –17.73 ...
20.82 11.24 Cooper-Standard CPS ... dd 13.44 –0.23 ... 44.38 18.76 DreamFinders DFH ... 11 32.01 –3.22 ... 13.40 6.37 Everi EVRI ... 28 13.31 +0.02 ... 19.07 10.68 GatesIndustrial GTES ... 19 18.38 –0.29 ...
61.20 31.80 Catalent CTLT ... dd 59.09 –1.20 ...
m rp
114.00 78.12 Copa CPA 6.4 ... 100.32 –1.72 1.61 11.08 5.38 DuckhornPtf NAPA ... 24 10.95 –0.03 ... 69.01 52.03 EversourceEner ES 4.3 dd 65.84 –0.29 .715 20.22 4.39 GatosSilver GATO ... 49 19.28 +0.81 ...
403.60 223.76 Caterpillar CAT 1.5 18 385.97 –7.89 1.41 62.15 29.16 Core&Main CNM ... 22 45.20 –1.52 ... 67.04 46.25 Ducommun DCO ... 40 62.00 –2.81 ... 42.21 28.76 Evertec EVTC .6 31 32.66 –0.62 .05
7.80 4.27 Cato CATO11.6 dd 5.86 +0.10 .17 23.43 12.65 GencoShipping GNK 8.6 47 15.86 –1.11 .34
25.13 13.82 CoreLabs CLB .2 33 19.43 +0.78 .01 121.25 86.61 DukeEnergy DUK 3.6 21 117.21 –3.551.045 35.00 17.98 EvolentHealth EVH ... dd 24.02 +0.08 ... 176.14 79.86 Generac GNRC ... 42 164.40 –2.88 ...
172.16 110.76 Celanese CE 2.2 7 128.87 –7.10 .70 34.66 18.83 CorebridgeFin CRBG 2.9 10 31.55 –0.16 .23 12.75 8.68 Dun&Bradstreet DNB 1.8 dd 10.89 –0.65 .05 24.12 13.38 ExcelerateEner EE .4 30 23.21 –0.13 .025
70.07 21.89 Celestica CLS ... 22 69.38 +11.56 ... 313.11 236.58 GeneralDynamics GD 1.9 23 302.52 –5.96 1.42
21.75 10.02 CoreCard CCRD ... 70 13.63 +1.05 ... 90.06 61.14 DuPont DD 1.8 55 83.30 –1.79 .38 131.59 107.03 ExpeditorsIntl EXPD 1.2 26 119.84 –0.66 .73 75.90 61.48 GeneralMills GIS 3.5 16 68.30 –1.63 .60
6.64 4.65 CementosPacasm CPAC ... 11 5.97 +0.19 ... 16.54 10.74 CoreCivic CXW ... 23 13.69 –0.18 ... 43.49 23.31 DutchBros BROS ... cc 35.53 +0.51 ... 24.50 13.02 Expro XPRO ... 99 13.37 –2.88 ... 54.30 26.30 GeneralMotors GM .9 6 52.07 +2.89 .12
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
9.27 5.50 Cemex CX .7 51 5.98 +0.01 .349 47.72 26.37 Corning GLW 2.4 91 46.25 –0.41 .28 207.20 78.42 DycomInds DY ... 24 192.06 –6.27 ... 184.87 101.19 ExtraSpaceSt EXR 3.9 43 166.40 –4.88 1.62
247.66 182.75 Cencora COR .9 25 234.47 –2.96 .51 37.89 23.21 Genesco GCO ... dd 26.69 –3.44 ...
41.44 25.22 Vesta VTMX 2.4 5 25.30 –0.64.1843 4.24 2.27 DynagasLNG DLNG ... 4 3.87 +0.06 ... 126.34 95.77 ExxonMobil XOM 3.2 14 119.49 –0.52 .95 15.17 10.01 GenesisEnergy GEL 5.1 dd 12.97 –0.22 .165
21.90 14.69 CenovusEnergy CVE 1.9 9 16.90 –0.03 .131
co o
355.47 220.39 Corpay CPAY ... 25 340.72 –12.79 ... 61.41 39.42 Dynatrace DT ... cc 54.07 –0.79 ... 30.90 14.00 GenieEnergy GNE 1.9 56 16.02 –0.50 .075
81.42 59.77 Centene CNC ... 12 64.22 +2.20 ... F
19.31 10.57 CorpAmAirports CAAP ... 8 18.74 +0.32 ... 13.13 9.57 DynexCapital DX 14.5 10 12.41 –0.22 .15 8.64 4.62 GeniusSports GENI ... dd 7.12 –0.41 ...
31.57 25.41 CenterPointEner CNP 2.9 18 29.31 –0.80 .21
61.21 43.22 Corteva CTVA 1.1 47 60.35 +0.94 .17 48.71 29.51 F&GAnnuities FG 2.0 17 41.29 –2.69 .21 39.95 29.41 Genpact G 1.6 11 38.34 –0.61.1525
7.82 4.47 CenterraGold CGAU ... 12 7.25 –0.24 ... E
16.45 8.01 Cosan CSAN ... 7 8.21 –0.07 ... 51.40 28.58 FB Financial FBK 1.4 21 47.79 –1.39 .17 164.45 112.74 GenuineParts GPC 3.5 15 114.24 –28.93 1.00
F
120.92 88.61 CrownCastle CCI 5.7 39 108.91 –3.471.565 192.61 155.23 EastGroup EGP 3.2 36 176.53 –6.30 1.40 102.18 57.05 FederalSignal FSS .6 26 85.36 –3.41 .12 11.59 7.98 GlobalMedREIT GMRE 9.1 ... 9.19 –0.40 .21
32.70 15.10 Chemours CC 5.5 24 18.32 –1.33 .25
98.46 69.61 Crown Holdings CCK 1.1 cc 93.70 –4.05 .25 114.50 70.65 EastmanChem EMN 3.1 14 105.43 –3.41 .81 40.29 30.69 FederatedHermes FHI 3.2 13 38.63 –0.07 .31 10.19 6.52 GlobalNetLease GNL 13.7 dd 8.04 –0.37 .275
193.16 152.31 CheniereEnergy LNG .9 10 184.93 +2.74 .435
55.14 33.17 CubeSmart CUBE 4.2 27 48.25 –1.73 .51 6.18 3.33 EastmanKodak KODK ... 9 4.68 –0.06 ... 313.84 227.09 FedEx FDX 2.0 18 272.12 –2.28 1.38 50.85 29.61 GlobalPtrs GLP 6.2 17 46.88 +0.77 .73
62.34 45.51 CheniereEnerPtrs CQP 6.4 12 48.74 –0.22 .035
128.90 87.20 Cullen/Frost CFR 3.0 16 127.42 +3.82 .95 349.74 193.77 Eaton ETN 1.1 38 344.49 –3.69 .94 225.63 147.62 FergusonEnts FERG 1.6 23 196.23 –8.25 .79 141.78 91.60 GlobalPayments GPN 1.0 18 99.13 –3.18 .25
4.39 2.77 CherryHillMtg CHMI17.7 dd 3.39 –0.08 .15
6.85 4.25 Culp CULP ... dd 5.65 –0.27 ... 262.61 156.72 Ecolab ECL .9 43 253.49 –7.97 .57 498.23 297.36 Ferrari RACE ... 58 484.73 +2.38 ... 30.32 16.80 GlobalShipLease GSL 6.3 3 23.93 –1.10 .45
125.34 83.80 ChesapeakeUtil CPK 2.1 26 120.65 –1.56 .64
340.82 212.80 Cummins CMI 2.2 24 329.17 –6.34 1.82 13.14 7.92 Ecopetrol EC 37.6 4 8.10 –0.13.1479 20.53 11.55 FidelisInsurance FIHL 2.3 5 17.35 –0.43 .10 251.50 151.68 Globant GLOB ... 57 218.04 –5.63 ...
167.11 135.37 Chevron CVX 4.3 15 150.81 +0.06 1.63
no
25.15 18.80 CurblineProp CURB ... 78 22.85 –0.38 ... 11.35 6.02 Ecovyst ECVT ... 13 6.15 –0.43 ... 62.97 38.13 FidNatlFinl FNF 3.2 18 59.96 –2.20 .48 132.00 38.95 GlobeLife GL .9 9 105.15 –4.57 .24
39.10 14.69 Chewy CHWY ... 32 26.95 –2.10 ...
367.56 194.46 Curtiss-Wright CW .2 34 345.68 –18.66 .21 41.50 33.27 EdgewellPersonal EPC 1.7 15 34.50 –1.26 .15 91.22 46.91 FidNatlInfo FIS 1.6 cc 89.72 –1.23 .36 75.98 43.39 GlobusMedical GMED ... cc 73.17 +0.32 ...
16.89 11.29 ChimeraInvt CIM 9.7 9 15.30 –0.78 .37
13.99 6.50 Cushman&Wkfd CWK ... cc 13.40 –0.01 ... 88.77 61.64 EdisonIntl EIX 3.7 34 83.91 –1.52 .78 14.31 4.10 FinanceofAm FOA ... dd 13.45 +2.38 ... 167.65 71.15 GoDaddy GDDY ... 13 160.53 –4.17 ...
4.00 1.60 ChinaGreenAg CGA ... dd 1.88 –0.55 ...
7.00 3.03 CustomTruck CTOS ... dd 3.24 –0.13 ... 96.12 58.93 EdwardsLife EW ... 29 69.38 –0.89 ... 7.24 4.22 FinVolution FINV ... 5 6.08 +0.04 ... 18.97 12.19 GoldFields GFI 1.8 25 17.51 –0.51.1692
13.05 7.85 ChinaYuchai CYD 3.1 10 12.17 +0.10 .38
68.49 36.79 CustomersBancorp CUBI ... 6 44.47 –2.18 ... 18.80 8.52 ElancoAnimal ELAN ... dd 12.41 –0.56 ... 67.88 49.55 FirstAmerFin FAF 3.4 72 63.28 –3.61 .54 15.94 13.38 GoldmanSachsBDC GSBD13.4 16 13.48 –0.21 .45
69.26 37.13 Chipotle CMG ... 58 59.44 +0.05 ...
142.54 108.91 ChoiceHotels CHH .8 29 141.49 +6.74.2875 D 136.06 69.00 Elastic ESTC ... cc 79.35 –2.22 ... 22.12 12.95 FirstBanCorp FBP 3.4 10 18.88 –1.98 .16 540.51 289.36 GoldmanSachs GS 2.3 15 512.60 –15.903.00
302.05 207.46 Chubb CB 1.3 12 287.99 –13.67 .91 19.06 9.72 EldoradoGold EGO ... 21 17.38 –1.24 ... 34.40 22.96 FirstBancshares FBMS 3.0 15 32.99 –0.31 .25 42.25 28.87 Gorman-Rupp GRC 1.9 29 37.36 –1.73 .18
40.62 35.45 ChunghwaTel CHT ... 26 37.79 –0.71 ... 2.98 1.45 DHI Group DHX ... 29 1.70 –0.17 ... 28.69 17.76 ElementSolns ESI 1.2 34 26.97 +1.73 .08 19.01 11.78 FirstCmwlthFin FCF 3.1 11 16.62 –0.65 .13 94.77 73.03 Graco GGG 1.2 29 82.14 –3.78 .255
110.31 82.25 Church&Dwight CHD 1.1 31 100.84 –3.50.2837 12.80 9.28 DHT DHT 9.2 11 10.56 –0.83 .27 567.26 397.98 ElevanceHealth ELV 1.5 16 425.27 –5.50 1.63 11.47 4.41 FirstFoundation FFWM .6 48 7.24 –0.43 .01 3.54 0.52 GrafTechIntl EAF ... dd 1.97 +0.23 ...
69.91 40.46 Ciena CIEN ... 68 64.12 –1.21 ... 15.65 9.44 DNOW DNOW ... 6 11.92 –0.51 ... 13.46 10.88 EllingtonFin EFC 12.4 11 12.57 –0.24 .13 17.68 10.44 FirstHorizon FHN 3.5 12 17.09 –0.36 .15 34.73 15.27 Graham GHM ... 67 29.90 –1.41 ...
370.83 253.95 Cigna CI 1.8 25 316.85 –19.15 1.40 12.70 6.48 DRDGOLD DRD 1.4 15 12.04 +0.01.1126 18.49 12.44 ElmeComms ELME 4.2 dd 17.02 –0.03 .18 57.35 40.44 FirstIndRlty FR 2.8 23 53.61 –1.64 .37 830.56 563.39 GrahamHoldings GHC .9 26 770.06 –42.12 1.72
29.87 13.19 Cinemark CNK ... 29 28.69 –0.08 ... 131.67 92.58 DTE Energy DTE 3.2 19 126.57 –2.33 1.02 17.00 9.20 EmbotellAndinaA AKO.A 4.8 10 13.91 –0.07.2125 8.44 4.17 FirstMajSilver AG .2 dd 7.67 +0.37.0046 1129.92 699.98 Grainger GWW .8 30 1090.94 –36.06 2.05
67.81 38.17 Citigroup C 3.6 18 61.76 –1.09 .56 88.22 51.17 DT Midstream DTM 3.3 21 87.39 +0.30 .735 20.38 11.55 EmbotellAndinaB AKO.B 4.1 11 18.19 –0.80.2338 44.97 34.91 FirstEnergy FE 3.9 29 43.41 –0.25 .425 84.10 33.74 GraniteConstr GVA .6 52 81.62 –0.61 .13
44.39 22.77 CitizensFin CFG 4.0 16 41.51 –0.96 .42 2.44 0.57 D-WaveQuantum QBTS ... dd 1.04 –0.13 ... 37.30 13.57 Embraer ERJ ... 17 34.86 +1.00 ... 2.27 0.65 FiscalNote NOTE ... dd 1.07 –0.12 ... 6.41 2.46 GranitePointMtg GPMT 6.7 dd 2.99 –0.17 .05
5.95 1.78 Citizens CIA ... 11 4.83 –1.03 ... 25.14 14.79 DXC Tech DXC ... 59 19.87 –1.18 ... 7.05 4.00 EmeraldHldg EEX .0 dd 4.62 +0.36 .015 204.50 111.53 Fiserv FI ... 38 199.52 +2.23 ... 7.10 5.20 GraniteRidge GRNT 7.4 14 5.96 –0.13 .11
6.71 3.46 CityOfficeREIT CIO 7.2 dd 5.54 –0.16 .10 15.07 9.16 Dana DAN 3.9 dd 10.14 –1.03 .10 3.00 1.41 Emeren SOL ... dd 2.39 –0.10 ... 4.39 2.13 FivePoint FPH ... 8 4.06 –0.03 ... 30.66 20.82 GraphicPkg GPK 1.3 13 29.66 –0.44 .10
28.92 18.30 Civeo CVEO 3.5 12 28.17 +0.12 .25 281.70 182.09 Danaher DHR ... 47 245.39 –28.99 ... 15.10 1.42 EmergentBiosol EBS ... dd 8.93 –0.42 ... 31.61 18.83 FiverrIntl FVRR ... 76 22.43 +0.05 ... 10.07 4.15 GrayTelevision GTN 5.8 72 5.53 –0.33 .08
78.63 49.10 CivitasRscs CIVI 3.9 6 50.71 –0.09 1.02 98.25 62.37 Danaos DAC 3.9 3 82.84 –1.58 .80 119.53 83.10 EmersonElec EMR 1.9 37 108.13 –2.31 .525 32.23 24.16 FlexLNG FLNG12.2 11 24.56 –0.96 .75 10.90 5.90 GrayTelevision A GTN.A 4.1 cc 7.76 +0.52 .08
40 BARRON’S October 28, 2024
.
197.31 107.25 GpoAeroportuar PAC 2.2 17 172.47 –0.673.8657 135.05 109.27 Lindsay LNN 1.2 20 121.41 +5.27 .36 167.39 115.56 MidAmApt MAA 3.8 35 153.32 –1.27 1.47
357.90 205.25 GpoAeroportSur ASR 4.0 11 267.28 –13.075.727 1.99 0.53 LionElectric LEV ... dd .62 –0.07 ... 69.75 34.96 MillerIndustries MLR 1.2 11 66.00 +1.55 .19
ly
2.71 1.94 GpoAvalAcc AVAL 4.6 21 2.03 –0.06.0095 613,700 39,700 11.43 7.33 LionsGate A LGF.A ... dd 7.60 –0.24 ... 90.30 51.11 MineralsTechs MTX .6 28 76.46 –3.58 .11
8.87 1.76 GpoSupervielle SUPV ... 4 8.83 +0.92 ... 10.71 6.50 LionsGate B LGF.B ... dd 6.75 –0.22 ... 14.80 6.70 MirionTech MIR ... dd 14.36 –0.05 ...
3.65 1.69 GrupoTelevisa TV 3.7 dd 2.13 –0.29.1056 603,800 37,800 341.84 233.88 LithiaMotors LAD .6 11 333.10 +19.22 .53 9.45 4.80 MisterCarWash MCW ... 30 6.46 –0.10 ...
37.28 27.01 GuarantyBcshrs GNTY 2.9 14 32.85 –1.89 .24 6.69 2.07 LithiumAmArg LAAC ... 0 3.50 +0.05 ... 12.44 5.27 MistrasGroup MG ... dd 10.74 –1.46 ...
20.10 14.16 GuardianPharm GRDN ... ... 17.18 –0.50 ... 7.86 2.02 LithiumAmericas LAC ... ... 3.68 +0.54 ... 11.72 7.89 MitsubishiUFJ MUFG 2.1 12 10.22 –0.77.1624
593,900 35,900
on
33.50 17.27 Guess? GES 6.9 7 17.47 –1.51 .30 117.48 76.48 LiveNationEnt LYV ... cc 116.32 +1.38 ... 4.63 3.14 MizuhoFin MFG 2.5 11 4.09 –0.22.0703
191.48 85.47 Guidewire GWRE ... dd 187.11 –1.98 ... 50.57 27.79 LiveOakBcshs LOB .3 22 39.65 –9.69 .03 141.72 38.50 ModineMfg MOD ... 42 127.25 –5.54 ...
18.26 9.59 GuildHldgs GHLD .0 35 14.29 –1.15 .50 584,000 34,000 42.66 21.45 LiveRamp RAMP ... cc 24.74 –0.31 ... 18.11 13.13 ModivIndl MDV 6.5 dd 17.76 +0.66.0958
165.19 119.75 GulfportEnergy GPOR ... 4 143.69 –2.79 ... N D J F M A M J J A S O 12.04 5.20 LiveWire LVWR ... dd 5.70 –0.67 ... 72.80 39.80 Moelis MC 3.6 cc 65.89 –5.43 .60
In generating this chart, we subtract each day's NYSE composite declines from that day's advances. The resultant total is 3.24 1.88 LloydsBanking LYG 4.9 8 2.95 –0.27.0546 164.29 76.02 MohawkInds MHK ... dd 130.88 –30.17 ...
H
added to the next day's total, and so on. When all five days' numbers are added together, this produces the weekly figure we 3.71 1.14 loanDepot LDI ... dd 2.08 –0.05 ... 423.92 272.69 MolinaHealthcare MOH ... 17 325.54 +35.82 ...
85.64 42.57 Loar LOAR ... cc 84.58 +6.09 ... 69.18 49.19 MolsonCoorsB TAP 3.2 10 55.77 –0.23 .44
us ,
36.15 16.60 HASustInfrCap HASI 4.9 16 34.13 –0.98 .415 plot. Dec. 31, 1985 =1000.
417.14 220.55 HCA Healthcare HCA .7 17 363.55 –51.99 .66 6.33 1.17 LocalBounti LOCL ... dd 2.53 –0.04 ... 106.82 17.87 MoneyLion ML ... cc 45.44 –0.99 ...
l
124.00 55.83 HCI Group HCI 1.4 9 115.96 –3.90 .40 618.95 413.92 LockheedMartin LMT 2.3 20 562.29 –49.52 3.30 49.97 19.59 MontroseEnvl MEG ... dd 26.53 –1.01 ...
83.54 62.18 Loews L .3 12 79.57 –2.25.0625 495.10 298.86 Moody's MCO .7 42 462.80 –25.66 .85
e
67.44 52.16 HDFC Bank HDB .9 20 63.65 +2.78.7008 –52-Week– Tick Div –52-Week– Tick Div
al a
64.16 42.42 HF Sinclair DINO 4.7 7 43.01 –1.26 .50 High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. 9.29 5.64 LomaNegra LOMA ... 11 9.21 +1.16 ... 205.99 109.26 Moog A MOG.A .6 30 191.98 –5.72 .28
56.13 32.70 HNI HNI 2.6 22 51.66 –2.98 .33 5.54 3.79 ICL Group ICL 3.8 12 4.09 +0.02.0488 109.73 49.47 LouisianaPacific LPX 1.0 16 100.77 –4.39 .26 206.00 117.32 Moog B MOG.B .6 30 191.02 –7.36 .28
K
39.52 25.67 HP HPQ 3.0 13 36.88 –0.40.2756 105.25 86.43 IDACORP IDA 3.3 19 103.65 –1.12 .86 287.01 181.85 Lowe's LOW 1.7 22 267.64 –14.00 1.15 121.45 69.42 MorganStanley MS 3.2 18 116.88 –4.18 .925
49.60 27.09 IDT IDT ... 18 45.97 –1.48 ...
ci on
46.07 35.30 HSBC HSBC 6.8 8 44.36 –0.36 .50 72.89 36.57 KB Financial KB 3.0 9 72.18 +3.47.4619 4.94 2.00 LufaxHolding LU 9.0 dd 2.77 –0.39 .156 38.30 24.12 Mosaic MOS 3.1 36 26.94 +0.68 .21
6.84 2.93 HUYA HUYA .0 dd 3.40 –0.05 1.06 5.80 2.18 IHS Holding IHS ... dd 3.00 –0.08 ... 89.70 42.75 KB Home KBH 1.3 10 78.05 –7.21 .25 7.83 0.78 LumenTech LUMN ... dd 6.44 –0.30 ... 480.28 271.73 MotorolaSol MSI .8 54 462.32 –12.88 .98
97.97 70.74 Haemonetics HAE ... 34 75.56 –0.59 ... 18.72 12.45 ING Groep ING 6.0 ... 16.84 –0.54.8205 71.38 49.37 KBR KBR .9 28 66.75 –3.76 .15 2.75 1.91 LumentFinance LFT 12.5 7 2.56 –0.03 .08 31.44 17.86 Movado MOV 7.6 12 18.47 –1.33 .35
8.99 5.66 Hafnia HAFN24.2 4 6.20 –0.44.4049 14.49 3.25 INNOVATE VATE ... dd 6.28 +0.41 ... 26.05 12.44 KE Holdings BEKE 1.5 43 20.78 –0.32.3089 13.52 7.55 Luxfer LXFR 4.2 dd 12.36 –0.66 .13 84.11 36.88 MuellerIndustries MLI 1.0 16 81.85 +9.62 .20
12.35 7.52 Hagerty HGTY ... 77 10.36 –0.24 ... 18.79 12.68 Invesco IVZ 4.7 dd 17.63 –1.00 .205 147.15 53.72 KKR KKR .5 33 139.88 +0.07 .175 107.02 87.41 LyondellBasell LYB 6.1 12 87.50 –3.99 1.34 23.12 12.13 MuellerWater MWA 1.2 28 21.69 –0.81 .067
10.80 7.70 Haleon HLN 1.6 33 9.85 –0.24.0514 261.73 167.42 IQVIA IQV ... 28 214.63 –22.06 ... 14.12 8.71 KKR RealEstFin KREF 8.6 dd 11.69 –0.35 .25 69.20 6.35 MultiPlan MPLN ... dd 9.69 –1.99 ...
13.27 5.78 IRSA IRS .0 dd 13.21 +0.77.6302 M
41.56 27.51 Halliburton HAL 2.4 9 28.25 –0.08 .17 6.45 1.30 KoreGroup KORE ... dd 2.13 +0.03 ... 49.14 32.06 MurphyOil MUR 3.7 9 32.78 –0.25 .30
31.78 11.85 HamiltonBeach HBB 1.6 12 29.59 –1.62 .115 153.99 91.94 ITT ITT .9 27 143.78 –5.50 .319 15.98 11.83 KT KT 5.7 10 15.80 +0.05.1803 552.30 350.55 MurphyUSA MUSA .4 19 473.37 –7.24 .45
200.94 108.53 M&T Bank MTB 2.8 14 192.57 –4.98 1.35
er s
20.71 12.44 HamiltonIns HG ... 4 17.53 –1.17 ... 6.37 2.11 IamGold IAG ... 23 5.77 –0.20 ... 363.40 216.51 Kadant KAI .4 33 316.45 –11.64 .32 23.63 12.15 MyersIndustries MYE 4.4 12 12.23 –0.85 .135
14.37 3.22 MBIA MBI .0 dd 3.75 –0.188.00
7.57 3.58 Hanesbrands HBI ... dd 6.95 –0.54 ... 117.59 41.87 Ibotta IBTA ... cc 72.87 +5.68 ... 81.26 49.79 Kellanova K ... 31 80.88 –0.17 ... 30.52 18.04 MDU Rscs MDU ... 14 28.78 –1.50 ... N
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155.84 112.22 HanoverIns THG 2.3 20 147.82 –7.39 .85 246.36 183.77 IDEX IEX 1.4 27 202.82 –7.71 .69 65.93 38.52 Kemper KMPR 2.0 81 63.02 –0.62 .31 13.45 8.61 MFA Financial MFA 11.5 21 12.19 –0.44 .35
44.16
12.29
25.45
4.42
HarleyDavidson
HarmonyGold
HOG 2.2
HMY .9 15
6 31.85
11.28
–4.38.1725
–0.50.0525
3.18
271.15
1.50
221.82
iHuman
m er
IllinoisToolWks
IH .0
ITW 2.4 25
5 1.80
254.08
–0.11 .10
–6.95 1.50
27.04
13.48
22.08
7.85
Kennametal
Kennedy-Wilson
KMT 3.2
KW 4.4
18
dd
25.01
10.94
–0.70 .20
–0.23 .12
26.53
48.25
16.32
33.44
MGIC Investment
MGM Resorts
MTG 2.1
MGM ... 15
9 24.89
40.36
–1.10 .13
–0.83 ...
38.66
15.49
25.19
11.50
NACCO Inds
N-able
NC 3.4
NABL ...
dd
72
27.05
12.39
–1.70.2275
–0.33 ...
123.23 68.92 HartfordFinl HIG 1.7 12 112.26 –9.74 .47 22.13 13.20 Imax IMAX ... 52 20.49 –0.67 ... 28.99 17.64 KenonHoldings KEN 14.1 dd 27.03 –0.23 3.80 176.18 80.26 M/I Homes MHO ... 9 157.36 –16.88 ... 35.29 18.42 NCR Atleos NATL ... dd 26.33 –1.22 ...
37.05 23.09 HavertyFurn HVT 5.4 10 23.74 –1.80 .32 21.20 11.61 IndepRealty IRT 3.2 dd 19.78 –0.17 .16 23.55 17.67 Kenvue KVUE 3.6 39 22.64 +0.92 .205 28.16 12.51 MinisoGroup MNSO 1.5 15 17.41 +0.95.2744 17.39 10.87 NCR Voyix VYX ... dd 12.84 –0.27 ...
18.19 7.61 HawaiianElec HE ... dd 9.75 –0.36 ... 39.80 18.71 Informatica INFA ... 51 26.72 –0.11 ... 17.94 9.79 KeyCorp KEY 4.8 cc 17.04 –0.31 .205 3.58 1.62 MOGU MOGU ... dd 2.16 +0.09 ... 14.00 6.57 NetPower NPWR ... dd 9.03 +0.87 ...
11.20 10.19 HaymakerAcqnCorp.4 HYAC ... 30 10.68 –0.18 ... 23.48 16.04 Infosys INFY 1.1 28 21.89 –0.62.2126 162.51 118.57 KeysightTech KEYS ... 30 155.98 –3.97 ... 45.24 35.06 MPLX MPLX 7.7 11 43.93 –0.41 .85 6.20 3.80 NGL Energy NGL ... dd 4.23 –0.07 ...
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16.04 9.80 Hayward HAYW ... 36 14.83 –0.84 ... 102.74 59.20 IngersollRand IR .1 48 96.12 –4.28 .02 74.79 52.96 Kforce KFRC 2.8 20 54.55 –1.03 .38 20.85 10.02 MP Materials MP ... dd 18.64 +0.06 ... 9.57 3.61 NIO NIO ... dd 5.26 +0.04 ...
18.90 12.77 HealthcareRealty HR 7.0 dd 17.70 –0.52 .31 56.30 30.90 Ingevity NGVT ... dd 33.65 –1.11 ... 43.78 27.39 KilroyRealty KRC 5.2 25 41.42 –2.14 .54 14.91 9.47 MRC Global MRC ... 14 12.41 –0.19 ... 8.93 4.46 NL Industries NL 4.1 17 7.76 –0.33 .08
23.26 15.24 HealthpeakProp DOC 5.4 48 22.29 –0.35 .30 138.37 91.60 Ingredion INGR 2.4 14 135.00 +0.74 .80 149.31 116.63 KimberlyClark KMB 3.6 18 135.52 –9.89 1.22 200.61 155.34 MSA Safety MSA 1.2 24 166.12 –6.19 .51 49.57 34.61 NNN REIT NNN 5.0 21 46.58 –2.41 .58
7.68 3.33 HeclaMining HL .2 dd 6.80 –0.51 .01 138.35 69.08 InnovativeIndProp IIPR 5.8 23 131.88 –1.30 1.90 24.67 16.78 KimcoRealty KIM 4.1 44 23.55 –1.07 .24 617.39 439.95 MSCI MSCI 1.1 39 588.72 –19.30 1.60 21.23 14.99 NOV NOV 1.6 6 15.72 +0.27 .075
269.38 155.42 Heico HEI .1 74 253.80 –7.09 .11 25.19 14.07 InnovexIntl INVX ... dd 15.02 –0.27 ... 25.43 15.91 KinderMorgan KMI 4.6 22 24.95 ....2875 104.76 75.05 MSC Industrial MSM 4.3 17 78.67 –5.55 .85 96.40 41.49 NRG Energy NRG 1.9 9 87.53 +1.20.4075
209.50 124.33 Heico A HEI.A .1 58 197.70 –5.87 .11 2.58 0.96 Innovid CTV ... dd 1.97 +0.06 ... 29.40 24.60 KinderCareLearning KLC ... 56 28.36 +0.01 ...
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
12.73 8.42 MV Oil MVO16.2 6 9.47 +0.29 .33 9964.77 5326.16 NVR NVR ... 19 9329.74 –594.66 ...
54.06 37.50 HeliosTech HLIO .8 53 47.59 –1.53 .09 119.41 77.50 Insperity NSP 3.1 18 77.55 –10.19 .60 51.97 31.73 Kinetik KNTK 6.3 19 49.64 –1.00 .78 8.24 2.05 Mytheresa MYTE ... dd 7.51 +0.17 ... 107.09 59.67 NaborsIndustries NBR ... dd 75.62 +2.53 ...
13.05 8.82 HelixEnergy HLX ... cc 9.34 –0.83 ... 257.40 123.00 InspireMedical INSP ... cc 195.20 –6.58 ... 9.54 6.85 KingswayFin KFS ... dd 8.92 –0.34 ... 18.94 9.21 Macerich MAC 3.8 dd 18.10 –0.79 .17 46.52 30.10 NatlBankHoldings NBHC 2.6 14 44.40 +0.98 .29
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44.11 29.46 Helm&Payne HP 2.9 10 34.49 –0.32 .25 281.04 107.12 InstalledBldg IBP .6 26 230.44 –23.98 .35 10.82 4.75 KinrossGold KGC 1.1 26 10.53 –0.08 .03 21.19 14.40 MachNaturalRscs MNR 21.2 dd 16.34 –0.21 .90 63.54 45.32 NationalFuelGas NFG 3.3 18 61.78 –1.25 .515
15.66 6.59 Herbalife HLF ... 8 6.73 –0.27 ... 39.38 26.74 InsteelInds IIIN .4 28 27.82 +0.47 .03 548.47 325.01 KinsaleCapital KNSL .1 27 434.15 –39.07 .15 22.10 10.59 Macy's M 4.5 24 15.39 –0.79.1737 73.40 55.13 NationalGrid NGG 5.6 18 65.35 –2.652.4939
214.16 105.00 HercHoldings HRI 1.3 17 209.47 +37.43 .665 28.25 18.98 Instructure INST ... dd 23.51 –0.04 ... 130.90 72.11 Kirby KEX ... 27 125.50 +3.26 ... 44.05 27.55 MSG Ent MSGE ... 14 42.19 –1.13 ... 86.13 48.97 NatlHealthInv NHI 4.8 26 75.17 –1.39 .90
21.78 15.02 HerculesCapital HTGC 8.0 11 19.90 –0.28 .08 133.53 78.02 IntegerHoldings ITGR ... 41 125.77 –4.66 ... 27.15 19.64 KiteRealty KRG 3.9 dd 25.67 –0.77 .26 221.50 164.79 MSG Sports MSGS ... 90 220.01 +1.58 ... 86.08 69.58 NatlPrestoInds NPK 1.3 16 74.69 +0.36 3.50
F
16.90 5.49 HeritageInsurance HRTG ... 5 10.62 +0.51 ... 12.42 10.99 IntegratedWellA WEL ... cc 11.85 +0.03 ... 39.77 21.26 Klaviyo KVYO ... dd 39.04 +1.52 ... 60.32 38.01 MagnaIntl MGA 4.5 12 41.98 –1.51 .475 49.44 27.86 NatlStorage NSA 5.2 24 42.85 –2.10 .56
211.92 178.82 Hershey HSY 3.0 20 181.26 –4.42 1.37 167.64 104.49 ICE ICE 1.1 41 165.31 –1.52 .45 95.85 46.51 KnifeRiver KNF ... 27 93.45 +0.01 ... 8.16 4.25 Magnachip MX ... dd 4.75 –0.17 ... 25.24 12.75 NaturalGasSvcs NGS ... 19 20.24 +0.54 ...
163.98 123.79 Hess HES 1.4 16 138.02 –1.40 .50 115.25 71.01 InterContHtls IHG 1.4 29 111.82 –1.93 .532 60.99 45.55 Knight-Swift KNX 1.2 cc 52.55 +0.60 .16 27.63 19.16 MagnoliaOil MGY 1.9 13 26.00 –0.12 .13 30.32 11.93 NaturalGrocers NGVC 1.5 20 26.58 –0.76 .10
39.11 29.20 HessMidstream HESM 7.5 15 35.47 –0.08.6677 30.59 17.94 IntercorpFinSvcs IFS 3.7 13 27.10 –0.27 1.00 9.11 4.94 KnotOffshore KNOP 1.6 cc 6.35 –0.04 .026 52.62 37.70 MainStreetCap MAIN 5.7 10 51.68 –0.67 .245 102.00 65.32 NaturalResPtrs NRP 3.2 7 95.07 –1.02 .75
22.82 14.47 HewlettPackard HPE 2.7 14 19.46 –1.23 .13 237.37 141.71 IBM IBM 3.1 31 214.67 –17.53 1.67 19.73 12.78 Knowles KN ... dd 17.66 –0.06 ... 22.00 13.50 ManchesterUnited MANU ... dd 15.96 –0.52 ... 7.20 3.80 Natuzzi NTZ ... dd 4.45 +0.55 ...
77.09 57.50 Hexcel HXL 1.0 48 62.53 –0.19 .15 106.77 63.21 IntlFlavors IFF 1.6 dd 101.45 –3.05 .40 32.77 16.72 KodiakGasSvcs KGS 5.0 48 31.36 +0.24 .41 17.65 8.85 Manitowoc MTW ... 41 9.64 –0.56 ... 9.83 4.30 NatWest NWG 4.6 8 9.49 –0.03.1543
36.78 17.17 HighwoodsProp HIW 5.7 26 34.84 –1.53 .50 29.17 18.90 IntlGameTech IGT 3.8 20 21.01 +0.41 .20 29.60 17.89 Kohl's KSS 10.5 7 19.04 –1.76 .50 80.25 61.53 Manpower MAN 4.9 80 62.91 –2.34 1.54 18.18 13.72 Navigator NVGS 1.3 14 15.85 –0.72 .05
50.58 25.11 Hillenbrand HI 3.2 dd 27.47 –0.83.2225 50.68 31.77 IntlPaper IP 3.8 37 48.57 +1.79.4625 32.91 17.84 Philips PHG .0 dd 31.67 –0.38.9154 30.86 17.07 ManulifeFinl MFC 3.0 17 29.79 –0.70 .294 116.13 81.67 Nelnet NNI 1.0 27 112.34 –2.12 .28
35.66 26.96 Hilltop HTH 2.3 17 30.21 –1.87 .17 65.94 42.08 IntlSeaways INSW 1.1 4 45.44 –4.54 1.38 84.21 39.90 KontoorBrands KTB 2.6 18 76.88 –6.85 .50 30.06 21.81 MarathonOil MRO 1.7 10 26.46 –0.26 .11 3.60 0.73 NerdyA NRDY ... dd .95 –0.08 ...
49.02 33.14 HiltonGrandVac HGV ... 27 38.13 –0.64 ... 35.17 27.54 Interpublic IPG 4.4 14 29.80 –2.23 .33 58.23 33.80 Koppers KOP .8 9 34.33 –2.70 .07 221.11 140.98 MarathonPetrol MPC 2.2 8 152.36 –5.94 .825 50.00 9.50 NetLeaseOffice NLOP 1.1 dd 29.61 –1.37 .34
240.00 148.25 Hilton HLT .3 51 236.11 –2.70 .15 28.00 17.52 IntrepidPotash IPI ... dd 24.73 +0.26 ... 9.55 5.99 KoreaElecPwr KEP ... 5 8.18 +0.51 ... 44.24 27.56 Marcus&Millichap MMI 1.3 dd 38.02 +0.31 .25 18.97 13.49 Netstreit NTST 5.4 cc 15.63 –0.95 .21
9.76 4.30 HimalayaShipping HSHP ... 24 6.61 –0.48 .10 30.33 23.53 InvenTrust IVT 3.1 cc 29.20 –0.79.2263 76.63 44.66 KornFerry KFY 2.1 20 68.94 –1.71 .37 16.74 9.56 Marcus MCS 1.7 dd 16.66 +0.18 .07 16.59 4.69 NeueHealth NEUE ... dd 5.11 –0.47 ...
25.74 5.65 Hims&HersHealth HIMS ... cc 21.73 –0.42 ... 9.97 6.35 InvescoMtg IVR 18.9 dd 8.45 –0.34 .40 7.69 3.70 KosmosEnergy KOS ... 8 4.17 –0.05 ... 12.47 8.86 MarineProducts MPX 6.0 18 9.40 –0.39 .14 22.64 4.38 Nevro NVRO ... dd 4.58 –0.80 ...
25.49 6.91 Hippo HIPO ... dd 18.34 –1.16 ... 37.80 28.65 InvitatHomes INVH 3.3 75 33.60 –0.53 .28 58.34 42.10 Kroger KR 2.2 15 57.37 +0.84 .32 39.85 22.51 MarineMax HZO ... 14 29.99 –1.38 ... 48.68 39.44 NewJerseyRscs NJR 3.9 19 46.00 –1.02 .45
n-
5.23 2.70 Holley HLLY ... 14 2.74 –0.18 ... 17.05 6.22 IonQ IONQ ... dd 16.96 +3.66 ... 14.50 6.60 KronosWorldwide KRO 1.7 cc 11.65 –0.45 .05 1670.24 1295.65 Markel MKL ... 10 1549.80 –40.85 ... 98.20 58.60 NewOrientalEduc EDU .0 26 60.75 –9.01 .58
28.99 19.87 HomeBancShares HOMB 2.9 14 26.87 +0.18 .195 130.24 57.36 IronMountain IRM 2.2 cc 127.70 +1.94 .715 4.07 0.47 KukeMusic KUKE ... dd .57 –0.20 ... 9.30 1.57 Markforged MKFG ... dd 4.50 –0.07 ... 34.47 5.10 NY CmntyBcp NYCB .4 dd 10.55 –1.63 .01
421.56 274.26 HomeDepot HD 2.3 27 398.91 –16.09 2.25 7.27 5.27 ItauUnibanco ITUB ... 8 6.19 +0.01 ... 28.60 13.91 Kyndryl KD ... dd 24.07 –1.09 ... 108.57 67.28 MarriottVacations VAC 3.9 18 78.20 –1.16 .76 56.49 39.73 NYTimes A NYT .9 34 55.43 ... .13
37.90 27.69 HondaMotor HMC 3.6 6 30.23 –0.73.5503 232.32 184.02 Marsh&McLen MMC 1.5 27 221.31 –3.35 .815 650.00 467.00 NewMarket NEU 1.9 12 538.64 +13.62 2.50
J L
39.25 30.70 HoraceMann HMN 3.7 19 37.13 +0.17 .34 626.67 389.90 MartinMarietta MLM .6 17 570.21 –10.79 .79 58.72 29.42 Newmont NEM 2.1 dd 48.42 –9.20 .25
36.86 28.51 HormelFoods HRL 3.6 22 31.06 –1.13.2825 18.86 12.63 JBG SMITH Prop JBGS 3.9 dd 17.98 –0.71 .175 27.88 21.83 LatamAirlines LTM ... 12 27.62 +1.16 ... 86.70 50.31 Masco MAS 1.4 20 81.26 –4.45 .29 8.65 5.61 NewparkResources NR ... 26 6.78 –0.29 ...
no
199.85 100.94 DR Horton DHI .7 12 179.24 –15.32 .30 21.75 11.07 JELD-WEN JELD ... dd 14.24 –1.50 ... 131.36 96.19 LCI Inds LCII 3.8 24 111.91 –11.50 1.05 130.22 44.65 MasTec MTZ ... cc 121.95 –5.20 ... 8.09 4.82 NexaResources NEXA ... dd 8.02 +0.13 ...
175.21 94.67 HoulihanLokey HLI 1.4 37 166.01 –7.56 .57 40.61 23.06 J.Jill JILL 1.2 9 24.32 –1.02 .07 5.66 3.45 LG Display LPL ... dd 3.61 –0.25 ... 19.31 10.78 MasterBrand MBC ... 13 17.97 –1.23 ... 8.88 4.95 NexGenEnergy NXE ... 91 7.53 –0.80 ...
240.34 65.22 Hovnanian HOV ... 5 174.09 –32.15 ... 225.92 135.19 JPMorganChase JPM 2.2 12 222.31 –3.06 1.25 10.40 6.74 LSB Inds LXU ... cc 8.66 –0.54 ... 518.82 359.77 Mastercard MA .5 39 507.36 –8.98 .66 17.25 12.63 NexPointRealEst NREF14.1 dd 14.14 –1.05 .50
82.63 56.22 HowardHughes HHH ... dd 75.15 –2.88 ... 156.94 95.85 Jabil JBL .3 11 124.72 –1.58 .08 38.28 30.30 LTC Properties LTC 6.4 16 35.48 –0.63 .19 71.08 47.15 MatadorRscs MTDR 1.9 7 51.83 +0.29 .25 48.37 26.21 NexPointResidentl NXRT 4.3 13 43.19 –1.49.4624
106.93 42.94 HowmetAerospace HWM .3 45 101.39 –4.15 .08 101.73 36.06 JacksonFinl JXN 2.8 4 98.25 –0.33 .70 258.89 169.55 L3HarrisTech LHX 1.8 40 252.81 +4.03 1.16 145.08 93.67 Materion MTRN .5 28 103.84 –1.76 .135 2.99 1.32 Nextdoor KIND ... dd 2.30 –0.21 ...
461.77 248.37 Hubbell HUBB 1.1 33 444.52 –12.29 1.22 144.56 100.79 JacobsSolns J .8 28 140.52 –3.38 .29 10.57 7.75 LXP Industrial LXP 5.5 cc 9.42 –0.38 .13 19.96 10.78 Mativ MATV 2.5 dd 15.75 –0.85 .10 86.10 53.81 NextEraEnergy NEE 2.5 24 81.43 –2.95 .515
693.85 408.62 HubSpot HUBS ... dd 565.67 +28.53 ... 43.57 24.38 JamesHardie JHX ... 29 33.16 –2.60 ... 45.23 27.92 La-Z-Boy LZB 2.0 14 39.30 –1.80 .20 144.93 82.68 Matson MATX 1.0 14 133.31 –2.96 .34 105.00 68.59 NicoletBankshares NIC 1.1 13 99.74 –2.16 .28
10.49 3.94 HudbayMinerals HBM .2 41 9.62 +0.15.0074 41.47 22.52 JanusHenderson JHG 4.0 14 39.42 –1.80 .39 239.50 191.97 Labcorp LH ... 43 228.63 +12.86 ... 26.46 13.76 MauiLand MLP ... dd 21.57 –0.80 ... 123.39 70.75 Nike NKE 1.9 23 78.85 –4.07 .37
9.86 4.26 HudsonPacProp HPP 4.5 dd 4.40 –0.58 .05 15.86 9.16 JanusIntl JBI ... 11 10.01 –0.33 ... 12.48 9.40 LadderCapital LADR 8.2 14 11.28 +0.09 .23 93.97 72.81 Maximus MMS 1.4 18 87.17 –2.70 .30 3.71 0.91 NineEnergy NINE ... dd .93 –0.11 ...
527.18 213.31 Humana HUM 1.4 19 260.73 –6.41 .885 67.80 31.38 JefferiesFinl JEF 2.2 27 64.02 –2.43 .35 111.88 52.99 LambWeston LW 1.9 18 76.92 –1.30 .36 22.07 9.72 MayvilleEngg MEC ... 39 19.99 –0.75 ... 35.48 24.58 NiSource NI 3.0 21 34.82 –0.32 .265
299.50 213.02 HuntingIngalls HII 2.0 13 253.83 –7.70 1.30 38.65 16.70 JinkoSolar JKS 12.6 6 23.52 +3.16 1.50 57.41 18.75 LandBridge LB ... ... 52.23 –2.44 ... 85.02 63.38 McCormickVtg MKC.V 2.2 26 77.70 –2.74 .42 15.44 7.14 NoahHoldings NOAH ... 2 12.53 –0.19 ...
27.01 19.91 Huntsman HUN 4.5 dd 22.45 –1.26 .25 7.69 4.50 JobyAviation JOBY ... dd 5.16 –0.45 ... 4.39 0.91 Lanvin LANV ... dd 1.85 +0.29 ... 85.49 62.54 McCormick MKC 2.2 26 77.86 –2.32 .42 52.16 31.25 Noble NE 6.2 8 32.42 –0.12 .50
162.24 96.77 HyattHotels H .4 17 154.56 +0.63 .15 118.55 82.64 JohnBeanTech JBT .3 21 114.41 +15.76 .10 55.66 36.62 LasVegasSands LVS 1.5 26 52.76 +1.21 .20 317.90 243.53 McDonald's MCD 2.4 26 292.61 –23.95 1.77 4.82 2.94 Nokia NOK 2.0 59 4.77 +0.02.0324
2.73 0.52 Hyliion HYLN ... dd 2.40 –0.14 ... 168.85 143.13 J&J JNJ 3.1 27 160.88 –4.24 1.24 54.73 25.82 Lazard LAZ 3.9 33 51.12 –2.29 .50 12.50 5.92 McEwenMining MUX ... 6 10.38 –0.54 ... 20.05 13.59 NomadFoods NOMD 3.4 13 17.56 –0.45 .15
84.44 38.50 Hyster-Yale HY 2.2 6 64.61 –3.10 .35 78.23 48.08 JohnsonControls JCI 1.9 32 76.74 –0.70 .37 147.11 97.51 Lear LEA 3.1 10 98.65 –10.31 .77 637.51 431.35 McKesson MCK .6 23 507.41 –1.79 .71 6.62 3.81 Nomura NMR 2.5 11 5.10 –0.24.0955
I 279.65 120.76 JonesLang JLL ... 34 271.03 +4.77 ... 27.58 10.11 Leggett&Platt LEG 1.6 dd 12.17 –1.39 .05 25.78 8.55 MediaAlpha MAX ... dd 19.44 –0.02 ... 4.83 3.31 NordicAmTankers NAT 12.5 11 3.35 –0.22 .12
15.04 2.26 JumiaTech JMIA ... dd 4.76 –0.15 ... 171.35 90.30 Leidos LDOS .9 53 168.71 –0.81 .38 6.55 2.92 MedicalProp MPW 6.9 dd 4.62 –0.37 .08 24.93 12.88 Nordstrom JWN 3.3 13 22.73 –1.94 .19
31.60 22.01 ICICI Bank IBN .7 19 29.48 –0.12.2028 39.79 25.83 JuniperNetworks JNPR 2.3 54 39.08 –0.13 .22 24.55 10.27 Lemonade LMND ... dd 18.43 –0.16 ... 76.42 17.07 Medifast MED ... 6 17.42 –0.69 ... 263.66 183.76 NorfolkSouthern NSC 2.2 24 251.09 –1.28 1.35
October 28, 2024 BARRON’S 41
.
19.14 13.84 TIM TIMB 6.1 12 14.80 –0.62 .113
4.16 0.95 NuvationBio NUVB ... dd 2.21 –0.28 ... 11.86 10.91 PerceptionCapIV RCFA ... cc 11.51 +0.04 ... 23.43 14.20 ResideoTech REZI ... 17 20.15 –1.33 ... 58.70 34.04 SixFlags FUN 3.0 16 40.53 +1.00 .30
121.13 86.92 TJX TJX 1.3 27 113.82 –3.89 .375
ly
86.57 45.61 nVentElectric NVT 1.0 21 73.34 –1.97 .19 3.77 1.70 Perfect PERF ... 35 1.97 +0.03 ... 260.49 132.24 ResMed RMD .8 37 256.07 +16.07 .53 75.09 45.58 SkechersUSA SKX ... 16 59.21 –3.90 ...
130.95 72.33 TKO TKO ... dd 115.25 –14.68 ...
83.70 54.71 PerformanceFood PFGC ... 30 82.55 –0.69 ... 83.29 64.97 RestaurantBrands QSR 3.3 18 70.54 –0.01 .58 10.33 3.05 SkeenaRscs SKE ... dd 9.97 +0.15 ...
O 9.66 4.64 TPG RE Fin TRTX11.5 dd 8.37 –0.37 .24
13.74 2.79 PerimeterSolns PRM ... dd 13.32 –0.18 ... 26.72 12.42 Revolve RVLV ... 54 24.87 –1.66 ... 20.87 5.09 Skillsoft SKIL ... dd 15.66 –0.70 ...
45.06 34.63 TXNM Energy TXNM 3.5 49 44.16 +0.54.3875
47.57 29.16 OFGBancorp OFG 2.6 9 38.97 –1.79 .25 20.25 10.14 PermianBasin PBT 6.6 17 11.72 –0.10 .03 128.15 79.50 Revvity RVTY .2 66 116.33 –3.34 .07 7.48 4.57 Skillz SKLZ ... dd 5.63 +0.15 ...
23.56 17.20 TXO Partners TXO 11.8 dd 19.26 +0.46 .57
41.48 32.06 OGE Energy OGE 4.2 20 40.47 –0.68.4212 18.28 12.34 PermianRscs PR 1.7 11 13.91 –0.12 .06 60.79 35.73 RexAmerRscs REX ... 11 45.09 +0.08 ... 32.40 19.00 SmartFinancial SMBK 1.0 16 31.69 +0.60 .08
212.60 84.95 TaiwanSemi TSM .9 33 203.44 +2.66.4871
... .015 3.47 1.35 SmartRent SMRT ... dd 1.70 –0.05 ...
on
17.58 10.08 O-I Glass OI ... dd 12.15 –1.03 ... 2.27 1.03 PermianvilleRT PVL 4.7 7 1.59 58.02 41.56 RexfordIndlRealty REXR 3.9 35 43.35 –2.68.4175 15.08 12.58 TakedaPharm TAK 3.9 44 13.57 –0.76 .333
74.99 55.50 ONE Gas OGS 3.6 19 73.06 –1.70 .66 5.81 3.58 PermRock PRT 10.2 9 4.06 +0.06.0302 12.75 10.92 RigelResourceA RRAC ... dd 11.53 +0.02 ... 56.55 35.52 Smartsheet SMAR ... dd 56.51 +0.54 ...
15.92 9.44 TalosEnergy TALO ... cc 10.48 +0.77 ...
98.43 63.33 ONEOK OKE 4.1 21 96.66 –0.57 .99 34.60 23.89 Perrigo PRGO 4.4 dd 25.09 –0.21 .276 38.35 25.08 RingCentral RNG ... dd 33.82 –0.11 ... 92.45 67.46 SmithAO AOS 1.8 20 76.87 –1.88 .34
25.99 17.48 TamboranRscs TBN ... dd 18.54 –0.50 ...
8.35 5.37 ON24 ONTF ... dd 6.23 –0.14 ... 17.91 12.90 PetroleoBrasil PBR 16.7 6 13.79 –0.37.2034 75.09 59.35 RioTinto RIO 6.6 10 65.28 –0.08 1.77 31.72 21.53 Smith&Nephew SNN 2.6 41 28.37 –1.19 .288
34.81 21.42 Tanger SKT 3.3 38 33.69 –1.01 .275
17.32 11.93 PetroleoBrasilA PBR.A18.2 5 12.62 –0.25 .193 6.65 3.54 Riskified RSKD ... dd 4.42 –0.11 ... 39.50 20.55 SmithDouglas SDHC ... 17 34.09 –3.41 ...
18.73 12.86 Openlane KAR ... cc 16.12 –0.39 ... 51.59 25.99 Tapestry TPR 2.8 14 50.49 +5.34 .35
31.54 25.20 Pfizer PFE 5.9 dd 28.45 –0.77 .42 12.02 9.08 RithmCapital RITM 9.5 9 10.48 –0.36 .25 134.62 105.69 Smucker SJM 3.7 16 116.07 –5.66 1.08
71.19 49.75 OccidentalPetrol OXY 1.7 13 51.58 –0.08 .22 169.92 81.03 TargaResources TRGP 1.8 35 165.96 +3.21 .75
133.27 87.23 PhilipMorris PM 4.2 21 129.86 +9.65 1.35 88.39 57.05 RobertHalf RHI 3.1 25 67.68 +1.37 .53 50.60 31.08 SmurfitWestrock SW 2.6 19 45.84 +1.49.3025
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30.45 18.67 OceaneeringIntl OII ... 19 25.43 +1.34 ... 181.86 105.23 Target TGT 3.0 16 151.16 –5.68 1.12
174.08 107.85 Phillips66 PSX 3.6 11 128.17 –4.43 1.15 48.43 29.55 Roblox RBLX ... dd 42.14 +2.21 ... 17.90 8.29 Snap SNAP ... dd 10.45 –0.04 ...
11.22 2.57 Offerpad OPAD ... dd 2.83 –0.13 ... 71.95 37.23 TaylorMorrison TMHC ... 9 68.52 –2.45 ...
330.51 251.64 Snap-On SNA 2.3 17 326.58 +0.49 1.86
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87.32 54.80 Oil-Dri ODC 1.8 15 69.90 +0.40 .155 4.15 1.18 PhoenixNewMedia FENG ... dd 2.85 –0.20 ... 21.38 7.20 RocketCos. RKT ... cc 16.29 –1.72 ... 26.77 5.05 Team TISI ... dd 19.40 –2.57 ...
29.16 12.05 Phreesia PHR ... dd 18.25 –1.55 ... 312.76 242.81 Rockwell ROK 1.9 31 269.86 –2.96 1.25 237.72 107.13 Snowflake SNOW ... dd 116.04 –3.50 ...
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8.29 3.91 OilStatesIntl OIS ... dd 4.31 –0.06 ... 29.85 18.33 TechnipFMC FTI .8 24 26.48 +0.88 .05
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11.12 4.91 PiedmontOfficeA PDM 4.8 dd 10.33 –0.74 .125 48.19 35.55 RogersComm B RCI 4.0 31 37.14 –1.93.3611 64.62 32.24 SOQUIMICH SQM 3.3 cc 40.83 +1.73.5035
36.69 23.05 OkeanisEcoTankers ECO .0 8 29.00 –2.94 1.10 55.13 34.38 TeckResourcesB TECK .8 23 47.35 –3.09.0928
91.57 65.20 PinnacleWest PNW 4.1 16 88.20 +0.28 .895 138.85 96.10 Rogers ROG ... 33 101.32 –3.37 ... 8.48 4.35 SohoHouse SHCO ... dd 5.30 –0.16 ...
22.93 5.35 Oklo OKLO ... dd 19.11 +0.88 ... 80.51 28.21 Tecnoglass TGLS .6 22 69.74 –8.36 .11
16.00 0.56 Pinstripes PNST ... ... .93 +0.33 ... 51.96 35.71 Rollins ROL 1.4 48 46.54 –3.60 .165 14.40 6.59 SolarisEnergy SEI 3.6 21 13.42 +0.11 .12
36.50 26.88 OldRepublic ORI 3.1 15 34.40 –2.00 .265 9.95 6.41 Teekay TK ... 5 7.77 –0.77 ...
45.19 24.13 Pinterest PINS ... cc 32.35 –0.83 ... 126.96 77.90 RoyalBkCanada RY 3.4 15 122.46 –3.591.0255 13.45 8.98 SolarWinds SWI ... 94 12.51 –0.71 ...
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60.60 39.47 Olin OLN 1.9 18 41.43 –5.57 .20 74.20 46.25 TeekayTankers TNK 2.0 4 50.02 –5.55 .25
306.10 133.81 PiperSandler PIPR .9 37 280.53 –22.67 .65 204.37 82.29 RoyalCaribbean RCL .8 22 200.91 +0.97 .40 6.36 1.08 SoloBrands DTC ... dd 1.25 –0.08 ...
6.84 4.20 Olo OLO ... dd 5.07 +0.02 ... 19.82 14.80 TejonRanch TRC ... cc 15.94 –0.71 ...
7.70 3.03 PitneyBowes PBI 2.8 dd 7.10 –0.05 .05 41.33 28.34 Rubrik RBRK ... dd 39.40 –0.14 ... 96.05 47.16 Solventum SOLV ... ... 73.19 –0.49 ...
41.93 27.53 OmegaHealthcare OHI 6.5 32 41.55 –0.06 .67 22.54 6.76 TeladocHealth TDOC ... dd 8.57 –1.27 ...
85.08 53.31 PlanetFitness PLNT ... 45 81.73 +1.24 ... 11.59 3.18 RushStreetInt RSI ... dd 10.32 –0.69 ... 64.68 46.37 SonicAutomotive SAH 2.5 10 56.87 +0.20 .35
106.51 73.58 Omnicom OMC 2.8 14 100.52 –3.96 .70 9.97 4.88 TelecomArgentina TEO ... 20 8.65 +0.24 ...
2.89 1.67 PlanetLabs PL ... dd 2.30 –0.02 ... 73.10 41.49 RyanSpecialty RYAN .6 cc 68.75 –1.25 .11 34.26 8.64 SonidaSrLiving SNDA ... dd 24.84 –2.13 ...
52.80 24.15 OnHolding ONON ... 95 50.65 +2.32 ... 475.73 355.41 TeledyneTech TDY ... 24 469.19 +19.13 ...
11.75 6.76 PlayAGS AGS ... 97 11.58 –0.06 ... 154.76 91.31 RyderSystem R 2.3 13 139.76 –9.32 .81 61.73 48.22 SonocoProducts SON 3.9 14 53.08 +0.12 .52
28.80 17.98 OneLiberty OLP 6.7 18 26.82 –1.05 .45 257.85 177.63 Teleflex TFX .6 42 233.63 –6.31 .34
25.55 19.21 PlymouthIndREIT PLYM 4.6 39 20.74 –0.84 .24 36.20 17.57 RyersonHolding RYI 3.5 12 21.65 –0.05.1875 20.18 15.02 Sony SONY .5 46 17.62 –0.60.0631
4.98 0.87 OneConnectFin OCFT ... dd 2.46 –0.14 ... 11.43 8.02 TelefonicaBras VIV 3.3 15 9.28 –0.29.0373
100.91 68.59 Polaris PII 3.7 20 71.25 –11.30 .66 122.91 81.90 RymanHospitality RHP 4.1 20 108.58 –0.67 1.10 26.11 21.12 SouthBow SOBO ... ... 23.83 –1.83 ...
54.94 35.13 OneMain OMF 9.0 10 46.47 –1.16 1.04 4.93 3.75 Telefonica TEF 5.1 dd 4.62 –0.15.1628
er s
49.85 39.14 PortlandGenElec POR 4.1 17 48.34 –0.06 .50 103.82 64.81 SouthState SSB 2.3 15 95.78 –5.65 .54
36.91 21.70 Onity ONIT ... dd 29.77 –0.27 ... S 26.85 16.62 TelekmIndonesia TLK 9.1 12 18.48 –1.241.1116
118.96 79.78 PostHoldings POST ... 21 111.21 –4.00 ... 94.45 65.80 Southern SO 3.1 22 91.88 –1.36 .72
238.93 108.98 OntoInnovation ONTO ... 61 204.39 –5.20 ... 30.44 13.69 Telephone&Data TDS .6 dd 28.98 –0.17 .04
129.07 68.55 SoCopper SCCO 2.1 30 115.41 +2.51 .70
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
12.43 6.50 Ooma OOMA ... dd 12.10 –0.07 ... 15.15 13.00 PostalRealty PSTL 6.7 cc 14.31 –0.40 .24 240.08 131.03 SAP SAP .7 96 237.69 +7.252.3852 57.13 36.12 TempurSealy TPX 1.1 23 47.66 –2.96 .13
79.07 49.67 PrecisionDrilling PDS ... 5 58.85 –1.62 ... 35.18 21.91 SouthwestAir LUV 2.4 cc 29.43 –1.55 .18
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78.47 56.17 SouthwestGas SWX 3.4 29 73.56 –0.96 .62 40.73
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7 32.16
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284.37 184.76 Primerica PRI 1.3 22 275.69 –3.54 .90 96.74 65.27 SpectrumBrands SPB 1.9 28 89.52 –1.96 .42
178.61 99.26 Oracle ORCL .9 45 173.52 –1.17 .40 15.36 8.30 SeacorMarine SMHI ... dd 8.73 +0.02 ... 171.20 51.04 TenetHealthcare THC ... 5 139.77 –24.10 ...
28.06 12.92 PrimoWater PRMW 1.3 52 27.60 –0.07 .82 51.83 27.02 SphereEnt SPHR ... dd 44.33 –2.03 ...
9.08 5.90 OrchidIsland ORC 18.2 dd 7.91 –0.25 .12 2.57 0.55 SES AI SES ... dd .57 –0.07 ... 124.11 72.90 Tennant TNC 1.2 16 90.55 –2.65 .28
63.85 28.96 PrimorisSvcs PRIM .4 22 61.03 –2.24 .06 19.40 3.29 SpireGlobal SPIR ... dd 9.05 –0.35 ...
23.10 10.84 Organon OGN 6.5 4 17.16 –0.45 .28 14.62 10.27 SFL SFL 10.0 ... 10.83 –0.49 .27 49.44 24.02 Teradata TDC ... 51 31.98 –0.38 ...
18.19 10.76 ProAssurance PRA ... dd 15.00 –0.87 ... 68.02 54.15 Spire SR 4.7 16 64.83 –0.42 .755
37.56 27.69 OriginBancorp OBK 1.9 13 31.21 –1.37 .15 18.15 8.49 SITE Centers SITC 12.3 2 16.88 +0.10.1014 68.08 43.70 Terex TEX 1.3 7 53.77 –2.37 .17
37.08 20.98 SpiritAeroSys SPR ... dd 31.44 –0.29 ...
m rp
12.12 4.09 OrionGroup ORN ... dd 5.39 –0.51 ... 83.35 48.11 ProcoreTech PCOR ... dd 62.80 –0.68 ... 70.43 51.17 SJW Group SJW 2.8 21 56.42 –3.15 .40 1.62 0.23 TerranOrbital LLAP ... dd .25 ... ...
177.94 142.50 Procter&Gamble PG 2.4 29 168.22 –3.061.0065 17.02 1.40 SpiritAirlines SAVE .0 dd 2.79 +1.32 .10
6.22 3.01 OrionOffice ONL 10.4 dd 3.83 –0.40 .10 24.58 19.88 SK Telecom SKM ... 10 23.06 +0.07 ... 71.63 50.65 TerrenoRealty TRNO 3.2 34 61.47 –2.98 .49
260.46 149.14 Progressive PGR .2 18 243.78 –7.34 .10 389.48 158.10 Spotify SPOT ... cc 379.16 +0.28 ...
28.48 15.17 Orion OEC .5 12 15.33 –1.82.0207 79.08 28.55 SLGreenRealty SLG 3.9 dd 76.61 –2.16 .25 5.74 2.68 TetraTech TTI ... 40 3.06 –0.32 ...
137.52 96.64 Prologis PLD 3.3 36 117.54 –4.96 .96 17.14 6.91 Sprinklr CXM ... 41 7.32 +0.06 ...
125.84 86.05 Orix IX 2.7 10 104.40 –5.261.7998 53.26 34.13 SM Energy SM 1.8 6 43.48 +0.63 .20 19.08 8.10 TevaPharm TEVA ... dd 17.90 –0.05 ...
6.65 3.15 PropertyGuru PGRU ... dd 6.63 ... ... 48.00 28.40 Sprott SII 2.2 29 45.69 –1.86 .25
80.53 58.73 OrmatTech ORA .6 36 78.87 +0.56 .12 6.88 0.50 SOS SOS ... dd .85 +0.02 ... 1106.87 467.62 TexasPacLand TPL .4 56 1098.01 +39.48 1.17
11.37 6.75 ProPetro PUMP ... 26 7.75 ... ... 4.89 2.49 SprucePower SPRU ... dd 2.50 –0.11 ...
23.79 4.72 OscarHealth OSCR ... dd 16.19 –0.16 ... 173.30 77.90 SPX Tech SPXC ... 46 157.23 –6.74 ... 97.34 74.13 Textron TXT .1 18 82.35 –7.70 .02
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
75.28 53.32 ProsperityBcshs PB 3.2 15 72.26 –0.72 .58 64.69 45.93 St.Joe JOE 1.1 45 53.13 –6.50 .14
127.98 86.10 Oshkosh OSK 1.7 10 106.10 –2.04 .46 41.63 31.95 STAG Indl STAG 4.0 36 37.05 –1.49.1233 627.88 420.21 ThermoFisher TMO .3 35 554.38 –47.33 .39
41.87 23.01 ProtoLabs PRLB ... 28 26.71 –2.40 ... 41.71 26.09 StandardMotor SMP 4.0 11 29.25 –2.08 .29
3.30 1.70 OsiskoDevelopment ODV ... dd 1.96 –0.30 ... 72.50 55.60 SabineRoyalty SBR 10.6 10 61.08 –0.46.4358 35.93 23.76 Thermon THR ... 19 26.90 –1.47 ...
34.38 30.00 StandardAero SARO ... dd 30.25 –1.27 ...
co o
21.20 11.89 OsiskoGold OR .9 dd 20.70 +0.07.0481 19.97 13.07 ProvidentFinSvcs PFS 5.1 18 18.68 –0.84 .24 28.67 10.11 SableOffshoreA SOC ... dd 20.69 +0.45 ... 176.03 117.46 ThomsonReuters TRI 1.3 32 164.78 –3.82 .54
191.18 130.04 StandexIntl SXI .7 29 176.94 –2.65 .32
106.33 75.16 OtisWorldwide OTIS 1.5 28 101.26 –4.75 .39 128.53 87.95 PrudentialFinl PRU 4.2 16 123.46 –3.94 1.30 6.33 3.10 SafeBulkers SB 4.7 5 4.26 –0.19 .05 129.31 84.55 ThorIndustries THO 1.9 21 104.45 –11.12 .50
110.88 77.70 StanleyBlackDck SWK 3.2 dd 101.98 –4.42 .82
16.88 3.67 Ouster OUST ... dd 7.55 –0.52 ... 23.73 15.77 Prudential PUK ... 26 16.65 –0.99 ... 28.80 15.00 Safehold SAFE 3.1 dd 23.01 –1.59 .177 6.85 1.72 3D Systems DDD ... dd 2.89 –0.17 ...
88.42 59.55 Stantec STN .7 36 81.78 –1.97 .153
19.33 9.39 OutfrontMedia OUT 6.5 15 18.33 –0.81 .30 92.20 56.85 PublicServiceEnt PEG 2.7 27 89.63 –0.13 .60 318.71 195.41 Salesforce CRM .6 51 290.46 –2.48 .40 141.34 72.71 3M MMM 2.2 16 124.75 –10.39 1.51
F
196.64 110.80 PNC Finl PNC 3.4 16 185.82 –3.56 1.60 8.59 3.93 ScullyRoyalty SRL ... cc 8.18 –0.06 ... 374.63 257.98 Stryker SYK .9 39 352.82 –16.74 .80 255.23 159.04 ToyotaMotor TM 2.5 7 172.00 +0.472.8605
98.00 58.00 POSCO PKX 2.6 21 60.02 –3.05.4666 309.01 214.14 RBC Bearings RBC ... 43 288.84 +0.74 ... 101.93 34.35 Sea SE ... dd 99.15 +0.25 ... 9.30 4.29 StudioCity MSC ... dd 6.29 +0.04 ... 3.97 1.97 Traeger COOK ... dd 3.05 –0.16 ...
151.16 118.07 PPG Ind PPG 2.2 20 126.45 –4.48 .68 87.45 58.85 RB Global RBA 1.4 48 84.94 +3.83 .29 20.55 9.31 SeabridgeGold SA ... cc 18.69 –0.08 ... 55.58 40.21 SturmRuger RGR 1.8 22 40.67 –1.81 .19 406.96 184.24 TraneTech TT .9 39 392.57 –9.97 .84
33.39 24.10 PPL PPL 3.2 29 32.43 –0.23.2575 48.91 33.95 RELX RELX ... 38 47.42 –0.75 ... 56.46 34.74 Seadrill SDRL ... 6 39.10 +2.20 ... 22.33 15.20 SuburbanPropane SPH 7.0 12 18.52 –0.17 .325 10.73 5.94 Transalta TAC 1.6 7 10.16 –0.32.0434
50.28 26.39 ProgHoldings PRG 1.1 12 42.09 –6.14 .12 13.70 6.94 RE/MAX RMAX ... dd 11.85 –0.53 ... 41.14 29.92 SealedAir SEE 2.2 14 36.05 –1.07 .20 14.53 9.03 SumitomoMits SMFG 2.4 34 12.29 –0.86.1677 43.40 26.91 TrancntlRlty TCI ... 40 27.50 –0.81 ...
40.99 16.64 PROS PRO ... dd 18.56 –1.12 ... 31.85 14.04 REV REVG .8 6 26.59 –3.23 .05 40.50 21.28 SelectMedical SEM 1.6 15 31.74 –2.49 .125 7.22 5.31 SummitHotelProp INN 5.1 ... 6.22 –0.29 .08 1451.32 811.42 TransDigm TDG .0 50 1354.83 –42.3375.00
no
7.01 2.25 PSQ PSQH ... dd 2.67 –0.07 ... 367.00 207.26 RH RH ... cc 325.69 –28.83 ... 12.27 6.78 SelectWater WTTR 2.2 19 11.14 +0.22 .06 46.20 30.83 SummitMaterials SUM ... 21 45.10 +2.82 ... 7.05 3.85 Transocean RIG ... dd 4.14 –0.10 ...
11.47 7.08 P10 PX 1.2 cc 11.12 –0.17 .035 164.25 125.77 RLI RLI .7 17 155.30 –7.69 .29 4.46 1.03 SelectQuote SLQT ... dd 2.00 +0.01 ... 40.75 15.56 SummitMidstream SMC ... 6 34.92 –0.82 ... 22.85 9.50 TransportadGas TGS ... 27 22.25 +1.28 ...
141.15 71.32 PVH PVH .2 7 93.26 –7.77.0375 12.39 8.79 RLJ Lodging RLJ 6.6 35 9.04 –0.06 .15 86.57 66.40 Sempra SRE 2.9 18 84.38 –1.58 .62 147.83 105.84 SunComms SUI 2.8 cc 133.89 –2.30 .94 113.17 42.09 TransUnion TRU .4 90 103.59 –4.27 .105
231.30 148.50 PackagingCpAm PKG 2.2 26 225.86 +5.74 1.25 2.40 1.50 RLX Tech RLX .5 24 1.61 –0.04.008 16.42 7.36 Semrush SEMR ... cc 12.70 –0.97 ... 58.51 44.57 SunLifeFinancial SLF 4.1 14 56.40 –0.73.5771 49.91 32.27 Travel+Leisure TNL 4.2 9 47.51 +0.59 .50
26.70 16.46 PagerDuty PD ... dd 17.96 –1.04 ... 8.56 5.66 RPC RES 2.7 11 5.97 –0.43 .04 15.25 5.73 SendasDistrib ASAI ... 13 6.35 +0.10 ... 11.85 7.47 SunCokeEnergy SXC 5.6 12 8.54 –0.22 .12 269.56 159.89 Travelers TRV 1.7 13 250.50 –14.95 1.05
14.98 6.93 PagSeguroDig PAGS ... 7 8.27 –0.15 ... 134.56 88.84 RPM RPM 1.6 27 128.45 –5.06 .51 43.14 30.56 SensataTech ST 1.4 cc 35.10 –0.89 .12 41.95 29.45 SuncorEnergy SU ... 9 38.96 –0.14 ... 8.54 3.98 Tredegar TG ... dd 7.67 –0.44 ...
45.07 14.48 PalantirTech PLTR ... cc 44.86 +1.89 ... 128.70 77.77 RTX RTX 2.0 36 125.16 –0.76 .63 82.99 55.02 SensientTech SXT 2.1 37 77.55 –1.12 .41 12.55 4.25 SunlandsTech STG ... 1 7.20 –0.30 ... 43.84 33.28 TreeHouseFoods THS ... dd 37.37 –4.50 ...
69.59 32.91 PampaEnergia PAM ... 11 68.61 +0.98 ... 32.82 16.94 RXO RXO ... dd 28.16 –1.05 ... 30.76 14.33 SentinelOne S ... dd 26.26 –0.10 ... 16.36 3.37 SunnovaEnergy NOVA ... dd 5.29 –0.45 ... 101.91 54.18 Trex TREX ... 27 64.32 –0.30 ...
26.05 12.16 PanAmerSilver PAAS 1.6 dd 24.73 +0.32 .10 37.86 24.62 RadianGroup RDN 2.9 9 33.56 –1.76 .245 7.43 0.85 SequansComms SQNS ... ... 2.36 –0.11 ... 64.89 49.00 Sunoco SUN 6.7 7 52.21 +0.12.8756 47.78 24.18 TriPointe TPH ... 8 40.28 –6.22 ...
40.70 16.18 ParPacific PARR ... 2 16.83 –1.09 ... 2.50 1.29 Rafael RFL ... dd 1.79 –0.16 ... 9.87 3.63 SeritageGrowth SRG ... dd 4.25 –0.31 ... 11.59 9.03 SunstoneHotel SHO 3.1 13 10.26 –0.02 .09 134.67 74.32 TriNet TNET 1.2 14 80.31 –13.48 .25
62.38 28.21 ParTechnology PAR ... dd 58.99 –1.92 ... 207.06 109.59 RalphLauren RL 1.7 19 197.59 –8.65 .825 81.32 52.89 ServiceIntl SCI 1.6 22 75.40 –0.38 .30 4.25 2.63 SuperGroup SGHC 9.6 cc 4.15 –0.03 .10 37.04 20.22 TrinityIndustries TRN 3.2 18 35.44 +0.10 .28
14.79 4.66 Paragon28 FNA ... dd 4.89 –0.59 ... 39.33 27.29 RangeResources RRC 1.0 16 31.33 +1.54 .08 979.78 548.44 ServiceNow NOW ... cc 950.85 +29.10 ... 4.57 2.10 SuperiorIndsIntl SUP ... dd 2.87 –0.01 ... 8.83 1.94 Trinseo TSE .8 dd 4.81 –0.76 .01
5.92 4.06 ParamountGroup PGRE .0 dd 5.07 –0.29 .035 13.72 9.27 RangerEnergySvcs RNGR 1.6 19 12.33 +0.03 .05 88.86 46.02 ServisFirst SFBS 1.5 22 82.69 –3.00 .30 11.83 0.90 SurfAirMobility SRFM ... dd 1.77 –0.20 ... 18.88 11.75 TripleFlagPrecMtl TFPM 1.1 dd 18.22 +0.35 .055
16.96 11.96 ParkAerospace PKE 3.6 41 14.05 –0.59 .125 9.04 2.63 Ranpak PACK ... dd 5.80 –0.29 ... 113.50 54.06 ShakeShack SHAK ... cc 110.45 +0.21 ... 12.98 8.78 Suzano SUZ 1.7 cc 10.41 +0.59.3429 11.58 6.60 TriplePtVent TPVG18.0 dd 6.67 –0.18 .30
18.05 11.05 ParkHotels PK 6.5 10 13.89 –0.10 .25 148.68 93.91 RaymondJames RJF 1.2 15 144.91 +6.40 .45 112.65 40.12 SharkNinja SN .0 63 109.32 +0.37 1.08 39.75 8.64 Sweetgreen SG ... dd 37.48 +2.21 ... 17.87 7.19 TriumphGroup TGI ... dd 14.59 –0.42 ...
646.60 362.49 ParkerHannifin PH 1.0 29 621.74 –18.70 1.63 8.97 2.66 RayonierAdvMatls RYAM ... dd 7.96 –0.02 ... 74.61 60.34 Shell SHEL 4.1 12 66.85 –0.19 .688 88.42 42.78 Sylvamo SLVM 2.1 15 85.18 –1.02 .45 20.70 10.08 Tronox TROX 4.0 dd 12.41 –1.97 .125
109.55 55.22 Parsons PSN ... cc 104.21 –3.77 ... 35.29 24.84 Rayonier RYN 3.6 32 31.47 –0.89 .285 392.57 232.06 SherwinWilliams SHW .8 36 359.04 –29.32 .715 57.27 27.68 SynchronyFinl SYF 1.8 7 55.15 –1.27 .25 16.14 6.97 TrueBlue TBI ... dd 7.24 –0.55 ...
247.42 139.50 PaycomSoftware PAYC .9 20 164.63 –1.26 .375 11.67 6.87 ReadyCapital RC 14.6 dd 6.87 –0.38 .25 96.96 42.91 Shift4Paymts FOUR ... 57 93.90 –1.81 ... 51.69 24.75 SynovusFinl SNV 3.1 22 48.58 –1.97 .38 45.31 27.38 TruistFinl TFC 4.9 dd 42.63 –1.04 .52
42 BARRON’S October 28, 2024
.
26.15 20.32 UGI UGI 6.1 8 24.63 –0.67 .375 192.48 102.67 Wabtec WAB .4 31 188.76 –2.39 .20 56.46 41.97 Amerisafe AMSF 2.7 17 54.98 +3.463.00
79.04 48.07 U-Haul UHAL ... 26 71.57 –0.98 ... 116.51 63.41 Walker&Dunlop WD 2.3 43 112.23 –2.70 .65 18,540
ly
47.39 23.14 A-MarkPrecMet AMRK 2.0 14 39.05 –4.50 .20
73.97 45.83 U-Haul N UHAL.B .3 24 65.56 –1.97 .05 2.09 0.82 Wallbox WBX ... dd .90 –0.13 ... 70.81 48.20 ANI Pharm ANIP ... 48 58.32 –1.99 ...
(Prev Fri)
56.28 33.15 UL Solutions ULS .9 40 52.97 –0.18 .125 83.34 49.85 Walmart WMT 1.0 43 82.51 +1.20.2075 364.31 258.01 Ansys ANSS ... 57 322.81 –4.59 ...
20.64 13.49 UMH Prop UMH 4.5 dd 18.95 –0.01 .215 18.37 9.83 WarbyParker WRBY ... dd 17.12 +0.57 ... 22.22 0.87 AN2 Therap ANTX ... dd 1.07 +0.02 ...
63.52 45.13 Unitil UTL 2.9 19 57.76 –2.33 .425 75.53 44.76 WarriorMetCoal HCC .5 7 60.50 –2.05 .08
18,410
40.93 22.72 APA APA 4.0 3 24.82 –0.34 .25
28.47 21.06 USA Compression USAC 9.5 43 22.08 –0.24 .525 187.54 127.07 WasteConnections WCN .7 48 175.80 –6.80 .315 16.25 10.27 ARKRestaurants ARKR 6.6 dd 11.37 –0.60.1875
on
54.81 34.15 UsanaHealth USNA ... 13 36.81 +0.96 ... 225.00 160.90 WasteMgt WM 1.5 33 206.80 –5.95 .75 17.08 3.38 ARS Pharm SPRY ... dd 14.77 –1.22 ...
67.84 32.01 US Cellular USM ... 75 61.83 –1.12 ... 1.53 0.94 Waterdrop WDH .0 12 1.15 –0.03 .016 1110.09 582.48 ASML ASML .8 37 711.70 –11.561.6554 18,280
63.13 36.75 US Foods USFD ... 29 60.74 –1.59 ... 367.21 234.04 Waters WAT ... 32 324.55 –23.90 ... 39.08 1.97 AST Space ASTS ... dd 25.62 –2.52 ...
113.63 76.18 US PhysTherapy USPH 2.2 77 80.77 –3.98 .44 520.41 340.52 Watsco WSO 2.3 37 475.90 –26.83 2.70 +50.45 +33.12 +138.83 +103.12
1.65 0.50 ATA Creativity AACG ... dd 1.01 +0.01 ...
9.74 4.81 UWM UWMC 6.0 dd 6.63 –0.66 .10 219.52 167.87 WattsWater WTS .9 24 197.04 –8.86 .43 -296.47
2.85 1.02 ATAI Life ATAI ... dd 1.14 –0.14 ... 18,150
87.00 40.80 Uber UBER ... 84 77.62 –1.54 ... 76.18 38.02 Wayfair W ... dd 44.39 –7.82 ... 39.88 18.20 ATN Intl ATNI 3.1 dd 31.04 –1.85 .24 10 12 2 4 10 12 2 4 10 12 2 4 10 12 2 4 10 12 2 4
us ,
259.03 103.00 Ubiquiti UI .9 44 255.92 +4.47 .60 13.80 6.67 WeaveComms WEAV ... dd 13.47 –0.03 ... 5.64 1.89 AXT AXTI ... dd 2.72 +0.11 ...
27.87 10.37 UiPath PATH ... dd 12.35 –0.71 ... 54.38 36.51 WebsterFin WBS 3.1 12 51.15 –1.76 .40 6.06 2.34 AbCelleraBio ABCL ... dd 2.72 –0.15 ...
l
6.35 3.51 UltraparPart UGP 3.2 7 3.54 –0.12.0446 76.62 58.87 WeisMarkets WMK 2.1 18 64.08 –1.85 .34 52-Week Tick Div 52-Week Tick Div
17.02 8.75 Abivax ABVX ... dd 10.30 –0.15 ...
e
9.58 6.17 UnderArmour A UAA ... dd 8.63 –0.73 ... 65.95 38.62 WellsFargo WFC 2.5 13 64.53 +0.17 .40 High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt.
al a
13.50 0.47 AboveFood ABVE ... dd .60 +0.10 ...
8.99 6.02 UnderArmour C UA ... dd 7.95 –0.68 ... 132.66 80.80 Welltower WELL 2.1 cc 130.20 –2.04 .67 7.49 1.16 AlphaTeknova TKNO ... dd 6.79 –0.50 ... 8.74 3.27 Armlogi BTOC ... 42 7.50 +2.60 ...
6.72 1.15 Absci ABSI ... dd 4.07 –0.14 ...
7.91 5.41 Unifi UFI ... dd 6.84 –0.25 ... 195.43 125.05 WescoIntl WCC .9 14 176.03 –3.99.4125 191.75 120.21 Alphabet A GOOGL .5 24 165.27 +1.85 .20 8.26 1.61 Arq ARQ ... dd 5.93 –0.14 ...
5.74 3.50 AcaciaResearch ACTG ... 8 4.75 +0.02 ...
200.07 149.58 Unifirst UNF .7 24 187.01 –6.54 .33 102.40 64.34 WestFraserTimber WFG 1.3 dd 97.33 +0.93 .32 193.31 121.46 Alphabet C GOOG .5 24 166.99 +1.94 .20 20.15 5.56 ArrayTech ARRY ... 59 6.44 –0.37 ...
75.73 43.07 AcademySports ASO .8 8 52.55 –3.54 .11
ci on
65.87 46.16 Unilever UL 3.0 22 61.69 –1.26.4773 413.70 265.00 WestPharmSvcs WST .3 46 307.92 +14.60 .21 17.34 4.88 Alphatec ATEC ... dd 5.25 –0.42 ... 32.03 14.35 ArriVentBio AVBP ... dd 31.68 +2.52 ...
87.77 50.20 AcadiaHlthcr ACHC ... dd 50.89 –1.14 ... 32.92 20.32 ArrowFinancial AROW 4.0 15 28.16 –1.09 .28
258.66 199.97 UnionPacific UNP 2.3 22 230.30 –13.80 1.34 94.28 39.03 WestAllianceBcp WAL 1.8 13 82.14 –3.39 .37 11.86 10.65 AlphaTimeAcqn ATMC ... 46 11.30 +0.06 ...
15.36 3.13 Accolade ACCD ... dd 3.19 –0.31 ... 39.83 17.05 ArrowheadPharm ARWR ... dd 20.10 –1.08 ...
8.12 2.60 Unisys UIS ... dd 5.65 –1.24 ... 42.80 26.49 WesternMidstrm WES 9.1 10 38.43 –0.29 .875 0.30 0.08 AlphaTimeRt ATMCR ... ... .23 +0.04 ...
3.05 1.40 Accuray ARAY ... dd 1.75 –0.14 ... 9.54 4.20 Arteris AIP ... dd 6.84 –0.25 ...
31.96 21.63 UtdCmtyBks UCB 3.5 18 27.65 –1.65 .24 14.19 10.92 WesternUnion WU 8.4 6 11.17 –0.76 .235 11.20 10.60 AlphaVestAcqn ATMV ... 37 11.20 +0.02 ...
1.76 0.63 AchillesTherap ACHL ... dd .98 –0.02 ... 44.78 33.34 ArtesianRscs A ARTNA 3.5 19 33.90 –1.59.2955
9.00 7.02 UnitedMicro UMC ... 12 7.75 +0.02 ... 162.64 113.57 Westlake WLK 1.6 64 132.73 –6.61 .525 0.19 0.04 AlphaVestAcqnRt ATMVR ... ... .15 +0.01 ...
5.71 0.59 AclarisTherap ACRS ... dd 1.69 +0.50 ... 17.31 9.71 ArtivaBiotherap ARTV ... ... 10.46 –1.71 ...
23.15 8.58 UnitedNatFoods UNFI ... dd 19.84 –1.69 ... 18.03 8.95 Westwood WHG 3.8 19 15.95 +0.20 .15 112.15 57.59 AltairEngg ALTR ... cc 103.44 +7.78 ...
11.90 3.19 AcrivonTherap ACRV ... dd 7.96 –0.29 ... 53.08 13.57 Arvinas ARVN ... dd 25.92 –1.19 ...
163.82 123.12 UPS B UPS 4.7 21 137.43 +1.50 1.63 36.27 26.73 Weyerhaeuser WY 2.5 31 31.80 –1.26 .20 14.84 2.24 Altimmune ALT ... dd 6.69 –0.19 ...
10.16 5.51 ActuateTherap ACTU ... ... 8.52 +1.26 ... 161.00 86.55 AscendisPharma ASND ... dd 130.32 +0.42 ...
60.36 40.87 UtdParks&Resorts PRKS ... 14 53.22 +0.55 ... 4.60 0.99 AltisourcePortf ASPS ... dd 1.17 ... ...
er s
68.64 38.57 WheatonPrecMtls WPM .9 53 66.13 –0.36 .155 5.09 1.81 AcumenPharm ABOS ... dd 2.90 +0.04 ...
861.74 395.24 UnitedRentals URI .8 21 812.50 –26.77 1.63 13.53 9.54 Alumis ALMS ... ... 11.90 –0.13 ... 11.19 7.20 AscentIndustries ACNT ... dd 9.58 +0.25 ...
6.08 1.15 WheelsUp UP ... dd 2.15 –0.09 ... 4.38 1.30 Adagene ADAG ... dd 3.01 +0.40 ...
50.47 30.47 US Bancorp USB 4.2 15 47.74 –1.42 .50 18.00 8.30 Alvotech ALVO ... dd 13.08 +0.74 ... 240.83 162.26 AspenTech AZPN ... dd 236.77 –2.31 ...
125.68 84.18 Whirlpool WHR 6.7 10 104.05 –3.12 1.75
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
2.05 0.42 Adaptimmune ADAP ... dd .74 –0.11 ... 19.93 7.69 AssemblyBiosci ASMB ... dd 16.91 –1.33 ...
50.20 26.92 US Steel X .5 17 38.79 +0.97 .05 1899.91 1401.01 WhiteMtnIns WTM .1 10 1815.94 –59.06 1.00 35.30 16.15 AmalgamFin AMAL 1.4 10 33.76 –1.33 .12
5.80 2.28 AdaptiveBiotech ADPT ... dd 4.45 –0.23 ...
608.63
43.54
436.38
13.90
UnitedHealth
UnitySoftware
UNH 1.5
U ...
37
dd
564.56
19.72
–5.05 2.10
–2.39 ...
14.54 9.47
m er
WhitestoneREIT WSR 3.5 45 14.17 –0.32.0413 136.12 78.35 AddusHomeCare ADUS ... 30 127.96 –3.85 ...
1.37
201.20
0.56
125.52
Amarin
Amazon.com
AMRN
AMZN
...
...
dd
45
.58
187.83
... ...
–1.16 ...
44.74
95.21
28.46
36.22
AstecIndustries
AsteraLabs
ASTE 1.7
ALAB ...
dd
dd
31.05
72.67
–1.17 .13
+5.80 ...
7.88 2.31 WideOpenWest WOW ... dd 5.32 +0.27 ... 13.39 8.11 Adeia ADEA 1.6 30 12.14 –0.30 .05
67.80 44.40 Universal UVV 6.5 10 49.90 –0.48 .81 65.88 39.69 Ambarella AMBA ... dd 57.75 –0.51 ... 87.68 60.47 AstraZeneca AZN 1.9 36 75.05 –3.21 .50
51.79 29.04 Wiley A WLY 2.9 dd 49.30 –0.86.3525 3.77 1.05 AdicetBio ACET ... dd 1.40 –0.05 ...
47.30 32.27 UniversalHealth UHT 7.2 31 40.36 –1.78 .73 94.04 74.41 Amdocs DOX 2.2 20 88.87 –2.12 .479 16.90 4.26 AstriaTherap ATXS ... dd 11.47 +0.01 ...
50.88 28.35 Wiley B WLYB 2.9 dd 49.27 –0.93.3525 17.48 1.85 AdlaiNortye ANL ... ... 2.08 +0.13 ...
243.25 121.55 UniversalHealthB UHS .4 15 202.75 –33.92 .20 98.95 89.55 Amedisys AMED ... 35 97.22 –0.27 ... 23.74 14.11 Astronics ATRO ... dd 18.13 –0.88 ...
52.85 32.65 Williams WMB 3.6 23 52.50 +0.14 .475 638.25 433.97 Adobe ADBE ... 41 483.72 –11.18 ...
23.27 13.85 UnivInsurance UVE 3.3 7 19.24 –0.63 .16 16.15 9.07 AmerAirlines AAL ... dd 13.15 +0.06 ... 18.83 12.54 AstroNova ALOT ... 17 14.45 +0.48 ...
174.26 71.92 Williams-Sonoma WSM 1.7 16 134.76 –9.27 .57
m rp
119.75 81.86 AdvEnergyInds AEIS .4 45 107.13 –3.34 .10 39.50 4.97 AtaraBiotherap ATRA ... dd 8.60 –0.81 ...
19.79 8.33 UnvlTechInst UTI ... 33 16.64 +0.39 ... 75.42 49.68 Winnebago WGO 2.5 cc 53.52 –6.86 .34 105.18 74.37 AEP AEP 3.8 20 98.19 –2.50 .93
64.52 41.75 UnumGroup UNM 2.7 9 61.67 –1.95 .42 10.88 7.13 AdvFlowerCap AFCG17.8 14 9.95 –0.43 .33 4.60 2.77 AteaPharm AVIR ... dd 3.35 –0.47 ...
7.01 4.49 Wipro WIT .3 24 6.56 –0.13.0107 9.90 7.19 AmOutdoorBrands AOUT ... dd 9.34 –0.01 ...
22.31 14.36 UrbanEdgeProp UE 3.1 9 21.81 –0.45 .17 227.30 94.07 AdvMicroDevices AMD ... cc 156.23 +0.26 ... 4.30 0.41 AthiraPharma ATHA ... dd .47 ... ...
12.02 6.06 WisdomTree WT 1.1 24 10.47 +0.08 .03 21.04 4.05 AmerPubEduc APEI ... 58 14.10 –0.22 ...
20.04 11.67 UtzBrands UTZ 1.4 cc 16.46 –0.99 .011 4.95 1.85 AdvantageSolns ADV ... dd 3.10 –0.04 ... 44.43 33.95 AtlantaBravesC BATRK ... dd 40.05 +0.03 ...
47.43 7.28 Wolfspeed WOLF ... dd 14.86 –1.15 ... 32.70 6.05 AmerSupercond AMSC ... dd 22.93 –1.99 ...
7.03 2.10 Aemetis AMTX ... dd 2.98 –0.02 ... 46.65 36.78 AtlantaBravesA BATRA ... dd 42.67 –0.22 ...
18.51 7.52 WolverineWwide WWW 2.5 dd 15.81 –1.34 .10 106.57 65.01 AmericanWoodmark AMWD ... 14 93.31 –7.68 ...
V 32.42 1.25 AerovateTherap AVTE ... dd 2.12 –0.25 ... 3.00 1.43 AtlanticAmerican AAME 1.2 dd 1.65 –0.02 .02
85.68 39.13 AmerCarMart CRMT ... dd 39.59 –3.17 ...
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
22.33 15.32 WoodsideEnergy WDS 7.8 17 16.11 –0.34 .69 227.18 112.28 AeroVironment AVAV ... cc 220.90 +3.93 ...
3.40 2.20 AmeriServFin ASRV 4.3 dd 2.77 –0.22 .03 12.60 10.54 AtlCoastal II A ACAB ... dd 11.16 +0.06 ...
21.40 11.00 VF VFC 2.2 dd 16.73 –2.87 .09 38.05 26.16 WooriFinl WF 5.7 5 36.79 +0.681.1918 8.95 2.24 Affimed AFMD ... dd 3.33 –0.23 ...
346.85 249.70 Amgen AMGN 2.8 55 316.98 –4.68 2.25 23.47 16.82 AtlanticaSust AY 8.1 66 21.96 –0.04.445
34.29 26.63 VICI Prop VICI 5.4 13 32.10 –1.09.4325 105.00 65.47 Workiva WK ... dd 78.78 –2.74 ...
co o
52.48 16.50 AffirmA AFRM ... dd 40.70 –3.84 ... 39.53 23.10 Atlanticus ATLC ... 9 36.44 –0.95 ...
11.37 4.82 Vizio VZIO ... cc 11.11 –0.22 ... 31.71 17.69 WorldKinect WKC 2.6 12 26.40 –4.65 .17 14.57 9.02 AmicusTherap FOLD ... dd 11.69 –0.21 ...
22.48 14.64 Afya AFYA ... 14 16.56 +0.22 ... 258.69 135.29 Atlassian TEAM ... dd 188.73 –2.97 ...
8.76 4.45 VOC Energy VOC 13.3 7 5.48 +0.14 .18 69.96 36.87 WorthingtonEnts WOR 1.8 51 38.82 –2.99 .32 44.86 17.58 AmkorTech AMKR 1.1 20 29.88 –0.65.0787
125.73 73.52 Agilysys AGYS ... 31 110.19 –13.75 ... 29.15 15.06 AtourLifestyle ATAT ... 25 25.97 –0.96 ...
9.59 5.31 VTEX VTEX ... cc 6.64 –0.26 ... 41.01 21.00 WorthingtonSteel WS 1.8 14 36.54 +1.24 .16 8.95 3.72 AmnealPharm AMRX ... dd 8.40 –0.18 ...
53.29 19.80 AgiosPharm AGIO ... dd 45.09 –0.41 ... 43.00 18.94 AtriCure ATRC ... dd 27.93 –0.86 ...
65.92 36.56 AmphastarPharm AMPH ... 16 50.29 –0.55 ...
F
65.59 37.04 V2X VVX ... dd 62.21 –1.58 ... 91.93 67.67 WyndhamHtls WH 1.7 29 90.63 +7.91 .38 6.43 1.65 Agora API ... dd 2.81 –0.02 ...
8.11 3.37 AmtechSystems ASYS ... dd 5.86 +0.14 ... 25.25 16.48 AuburnNatlBncp AUBN 5.1 87 21.29 +0.19 .27
7.51 3.85 VaalcoEnergy EGY 4.5 7 5.56 –0.46.0625 10.40 10.05 Agric&NatSolnsA ANSC ... 58 10.40 +0.04 ...
XYZ 19.95 1.58 AmylyxPharm AMLX ... dd 5.31 +0.53 ... 14.45 7.14 AudioCodes AUDC 3.9 21 9.17 –0.49 .18
236.92 165.14 VailResorts MTN 5.3 28 168.22 –4.53 2.22 10.61 10.15 AimeiHlthTech AFJK ... 62 10.52 –0.09 ...
244.14 154.99 AnalogDevices ADI 1.6 69 230.17 +1.84 .92 12.38 5.99 AuraBiosciences AURA ... dd 10.92 –0.82 ...
84.20 48.63 Valaris VAL ... 4 50.88 –0.34 ... 0.30 0.15 AimeiHlthTechRt AFJKR ... ... .23 +0.03 ...
8.59 3.48 XFinancial XYF ... 2 6.70 +0.05 ... 41.31 13.36 AnaptysBio ANAB ... dd 32.03 –2.95 ... 10.05 4.71 AuriniaPharm AUPH ... dd 7.05 +0.02 ...
16.08 9.66 Vale VALE11.9 5 10.88 +0.25.3698 20.79 11.62 AirTransportSvcs ATSG ... 66 16.66 +0.29 ...
130.51 65.80 XPO XPO ... 39 117.70 +4.80 ... 10.45 3.25 AnavexLifeSci AVXL ... dd 5.24 –0.41 ... 6.79 1.60 AuroraInnov AUR ... dd 6.41 +0.10 ...
3.39 1.82 ValensSemicon VLN ... dd 1.88 –0.06 ... 170.10 110.38 Airbnb ABNB ... 18 134.58 –1.87 ...
15.84 10.92 XeniaHotels XHR 3.2 65 14.55 –0.24 .12 61.46 44.65 Andersons ANDE 1.6 16 46.58 –1.64 .19 11.96 0.61 AustralianOilseeds COOT ... dd .84 +0.05 ...
184.79 119.88 ValeroEnergy VLO 3.2 12 132.40 –4.64 1.07 8.30 2.92 AirSculptTech AIRS ... dd 5.71 –0.22 ...
7.05 1.92 XinyuanRealEst XIN ... dd 3.75 ... ... 3.49 0.72 Anghami ANGH ... ... .80 ... ... 294.13 192.01 Autodesk ADSK ... 59 286.04 –6.95 ...
38.41 10.80 Valhi VHI .9 38 34.40 –2.19 .08
18.74 6.55 XPeng XPEV ... dd 11.13 +0.64 ... 14.32 1.34 AirshipAI AISP ... 3 1.97 –0.11 ... 7.45 2.56 AutolusTherap AUTL ... dd 4.44 –0.36 ...
330.97 188.63 ValmontInds VMI .8 21 317.15 +11.93 .60 3.10 1.55 Angi ANGI ... dd 2.42 –0.14 ...
12.29 6.89 Xperi XPER ... dd 9.37 –0.17 ... 129.17 87.59 AkamaiTech AKAM ... 25 101.97 –4.70 ... 294.18 205.53 ADP ADP 1.9 32 287.96 –4.33 1.40
48.27 29.15 Valvoline VVV ... 34 41.48 –0.31 ... 8.25 5.26 AngioDynamics ANGO ... dd 6.73 +0.34 ...
18.95 7.40 XponentialFit XPOF ... dd 12.47 –0.33 ... 37.00 11.25 AkeroTherap AKRO ... dd 29.33 –1.90 ... 4.05 0.78 AutoziInternet AZI ... dd .78 –0.13 ...
236.90 162.72 VeevaSystems VEEV ... 57 212.23 –9.09 ... 29.12 18.44 AnikaTherap ANIK ... dd 24.32 –0.74 ...
146.08 87.59 Xylem XYL 1.1 41 130.42 –3.90 .36 6.31 1.88 Akoya AKYA ... dd 2.80 –0.34 ... 19.09 9.50 AvadelPharm AVDL ... dd 12.88 –0.68 ...
20.37 11.06 VelocityFinl VEL ... 11 19.22 –0.37 ... 8.40 2.05 Annexon ANNX ... dd 7.40 –0.08 ...
54.16 33.88 Yeti YETI ... 17 35.70 –2.73 ... 77.29 49.70 Alarm.com ALRM ... 27 54.50 +0.64 ... 5.95 1.17 AveannaHealth AVAH ... dd 5.01 –0.34 ...
66.22 40.98 Ventas VTR 2.8 dd 64.97 –0.58 .45 73.80 26.28 ApellisPharm APLS ... dd 26.68 –1.32 ...
26.00 9.57 YPF YPF ... dd 25.65 +0.65 ... 11.85 10.35 AlchemyInv1 A ALCY ... 30 10.90 –0.01 ... 12.67 7.08 AvePoint AVPT ... dd 11.96 –0.18 ...
115.00 66.69 Veralto VLTO .3 32 104.05 –9.55 .09 86.22 41.01 ApogeeEnt APOG 1.3 16 74.94 –3.91 .25
6.44 3.71 Yalla YALA ... 6 4.13 –0.10 ... 8.90 3.66 Alector ALEC ... dd 4.76 –0.23 ... 38.85 18.00 AviatNetworks AVNW ... 24 20.66 –2.34 ...
9.28 5.95 Veren VRN 4.7 dd 6.26 +0.23.0854 72.29 14.19 ApogeeTherap APGE ... dd 53.23 –0.30 ...
n-
4.89 1.99 YatsenHolding YSG ... dd 3.50 –0.15 ... 10.71 6.67 AlgomaSteel ASTL 2.0 dd 9.78 –0.23 .05 50.78 4.83 AvidityBio RNA ... dd 45.11 –5.34 ...
18.18 13.07 VerisResidential VRE 1.7 dd 16.91 –0.75 .07 1.79 0.11 ApollomicsA APLM ... dd .14 +0.01 ...
48.99 32.56 Yelp YELP ... 18 33.65 –0.96 ... 31.00 23.63 Alico ALCO .8 8 25.88 –0.29 .05 13.56 6.88 AvidXchange AVDX ... dd 8.07 –0.51 ...
45.36 33.34 Verizon VZ 6.5 18 41.38 –2.61.6775 274.56 164.29 AppFolio APPF ... 62 212.34 +11.20 ...
7.53 4.29 Yext YEXT ... dd 6.85 –0.28 ... 335.40 176.34 AlignTech ALGN ... 37 219.30 –0.40 ... 204.77 65.73 AvisBudget CAR .0 4 82.36 +1.3110.00
14.81 8.71 VermilionEnergy VET 2.7 dd 9.92 +0.16.0884 42.99 26.28 Appian APPN ... dd 32.30 +0.83 ...
9.20 2.16 YirenDigital YRD 3.2 2 5.66 –0.17 .20 12.36 4.46 AlignmentHlthcr ALHC ... dd 11.04 +0.16 ... 55.84 42.67 Avnet AVT 2.4 10 53.92 –0.74 .33
12.79 5.08 VerticalAerospace EVTL ... dd 5.69 –1.42 ... 237.49 164.08 Apple AAPL .4 35 231.41 –3.59 .25
5.97 2.86 Youdao DAO ... dd 4.83 +0.16 ... 39.48 17.32 AlkamiTech ALKT ... dd 38.26 +1.92 ... 2.97 1.05 Aware AWRE ... dd 2.02 +0.03 ...
116.41 35.60 Vertiv VRT .0 75 112.17 –0.08 .025 9.48 2.36 AppliedDigital APLD ... dd 8.04 –0.14 ...
143.20 118.28 Yum!Brands YUM 2.0 24 133.04 –1.23 .67 32.88 21.75 Alkermes ALKS ... 13 26.09 –2.18 ... 158.61 88.89 AxcelisTechs ACLS ... 12 89.89 –2.37 ...
22.37 8.92 Vestis VSTS 1.0 16 13.99 –1.24 .035 255.89 129.21 ApplMaterials AMAT .9 21 186.52 +0.16 .40
no
53.42 28.50 YumChina YUMC 1.5 21 43.63 –0.20 .16 3.41 0.54 Allakos ALLK ... dd 1.31 +0.65 ... 455.17 199.29 AxonEnterprise AXON ... cc 444.52 +6.47 ...
45.61 22.88 Viad VVI ... cc 39.70 +3.92 ... 24.75 6.70 AppliedOptoelec AAOI ... dd 17.44 –1.13 ...
32.24 13.00 Zeekr ZK ... dd 28.85 +6.54 ... 29.00 9.06 Allbirds BIRD ... dd 10.44 +0.64 ... 70.53 48.30 Axonics AXNX ... dd 70.23 –0.01 ...
21.43 4.27 VicariousSurgical RBOT ... dd 7.94 +0.20 ... 9.39 1.79 AppliedTherap APLT ... dd 8.43 –0.53 ...
26.20 6.39 ZimIntShipping ZIM 5.1 dd 22.80 –0.07 .93 85.91 36.09 AllegiantTravel ALGT 3.9 dd 62.28 –3.39 .60 98.40 55.02 AxsomeTherap AXSM ... dd 89.87 –3.48 ...
30.80 15.12 Victoria'sSecret VSCO ... 16 28.38 +0.90 ... 165.38 35.79 AppLovin APP ... 68 161.63 +16.41 ...
21.91 2.62 ZKH ZKH ... dd 3.65 –0.21 ... 33.26 19.71 AllegroMicro ALGM ... 61 23.04 +2.33 ... 69.16 40.24 Azenta AZTA ... dd 40.87 –3.27 ...
39.70 25.71 Viking VIK ... ... 38.75 –0.22 ... 12.89 10.99 APxAcqnI A APXI ... 63 11.75 –0.03 ...
27.50 15.90 ZTO Express ZTO ... 17 24.23 –0.94 ... 26.21 18.32 AllianceResource ARLP10.9 6 25.63 +0.53 .70 3.26 0.97 ApyxMedical APYX ... dd 1.21 +0.03 ... B
4.73 1.04 VinceHolding VNCE ... 19 1.84 –0.14 ...
8.40 2.06 ZeppHealth ZEPP ... dd 3.37 –0.25 ... 62.49 46.80 AlliantEnergy LNT 3.2 25 60.74 –1.43 .48 6.23 1.38 AquestiveTherap AQST ... dd 5.49 +0.46 ...
20.19 11.50 Vipshop VIPS 2.9 7 14.09 –0.21 .41 13.90 9.19 BCB Bancorp BCBP 5.5 10 11.63 –1.62 .16
34.14 7.38 ZetaGlobal ZETA ... dd 26.76 –1.14 ... 36.33 16.91 Allient ALNT .7 15 17.91 –1.03 .03 4.72 1.70 ArbutusBiopharma ABUS ... dd 3.97 –0.18 ...
54.60 5.27 VirginGalactic SPCE ... dd 7.05 –0.66 ... 10.02 5.36 BGC BGC .9 37 9.16 –0.17 .02
2.42 0.62 ZeviaPBC ZVIA ... dd 1.13 +0.05 ... 5.78 2.01 AllogeneTherap ALLO ... dd 2.44 –0.40 ... 153.60 94.77 ArcBest ARCB .5 20 103.78 +0.28 .12
9.44 3.50 VirnetX VHC ... dd 6.41 –0.07 ... 38.87 22.35 BJsRestaurants BJRI ... 29 35.87 –0.74 ...
6.24 2.55 Zhihu ZH ... dd 3.58 –0.07 ... 3.70 1.19 Allot ALLT ... dd 3.46 +0.01 ... 97.54 30.88 Arcellx ACLX ... dd 84.31 –12.55 ...
263.39 168.93 VirtusInvtPtrs VRTS 4.2 14 213.74 –10.41 2.25 114.93 63.15 BOK Fin BOKF 2.1 14 105.66 –8.08 .55
133.90 101.47 ZimmerBiomet ZBH .9 21 102.35 –3.96 .24 304.39 141.98 AlnylamPharm ALNY ... dd 284.86 –11.07 ... 116.47 72.85 ArchCapital ACGL ... 7 105.30 –3.23 ...
293.07 228.03 Visa V .7 31 281.73 –8.89 .52 77.12 49.92 BRP DOOO 1.2 21 50.68 –6.82.1553
15.35 7.21 ZipRecruiter ZIP ... 32 9.16 –0.68 ... 47.45 19.38 Alpha&Omega AOSL ... dd 36.01 –1.83 ... 45.00 17.52 ArcturusTherap ARCT ... dd 18.95 –2.20 ...
24.72 17.42 Vishay VSH 2.3 14 17.77 –0.47 .10 42.50 4.07 B RileyFin RILY 33.8 dd 5.91 –0.21 .50
201.92 144.80 Zoetis ZTS 1.0 35 180.01 –13.27 .432 13.34 10.45 AlphaStarAcqn ALSA ... 33 11.78 ... ... 13.17 1.76 ArcutisBiotherap ARQT ... dd 8.75 +0.03 ...
35.98 22.79 VishayPrecision VPG ... 15 23.18 –0.81 ... 12.65 4.90 Backblaze BLZE ... dd 7.20 –0.14 ...
10.85 7.05 Zuora ZUO ... dd 9.86 –0.05 ... 0.49 0.01 AlphaStarRt ALSAR ... ... .09 –0.04 ... 10.13 3.43 Ardelyx ARDX ... dd 5.77 –0.07 ...
54.00 25.00 VistaEnergy VIST ... 10 52.93 +4.73 ... 126.23 79.68 Baidu BIDU ... 12 89.79 –4.60 ...
44.40 24.30 VistaOutdoor VSTO ... dd 43.92 –0.17 ... 38.11 25.54 ZurnElkayWater ZWS 1.0 47 35.97 –1.43 .09 21.84 18.59 AresCapital ARCC 8.9 8 21.58 –0.07 .48 40.00 2.48 Baijiayun RTC ... dd 7.91 +0.12 ...
143.87 31.92 Vistra VST .7 97 124.03 –7.13.2195 NYSE ARCA Nasdaq Issues includes stocks traded on the Nasdaq 571.97 327.73 argenx ARGX ... dd 556.83 –8.17 ... 39.05 28.32 BakerHughes BKR 2.2 17 37.52 +1.12 .21
58.30 25.94 VitalEnergy VTLE ... 3 27.71 +0.30 ... Global Select and Nasdaq Global Market tiers. They are 4.45 1.01 ArgoBlockchain ARBK ... dd 1.12 –0.10 ... 186.03 110.74 Balchem BCPC .5 48 171.46 +0.91 .79
26.68 19.63 VitesseEnergy VTS 8.2 31 25.09 +0.09 .525 14.50 13.96 FT WCM DevWld WCME ... ... 13.96 –0.15 ... eligible for inclusion on the basis of SEC-approved 19.81 7.56 Arhaus ARHS .0 14 8.78 –0.56 .50 55.82 17.33 BaldwinInsurance BWIN ... dd 50.24 –4.54 ...
market value of publicly-held shares, trading volume,
45.62 28.97 Vontier VNT .3 13 34.03 –1.27 .025 33.16 23.76 KraneCnAlpha KCAI ... ... 28.17 –0.51 ... price and number of market-makers. 188.75 47.12 Arm ARM ... cc 143.75 –9.28 ... 4.01 1.52 BallardPower BLDP ... dd 1.52 –0.16 ...
October 28, 2024 BARRON’S 43
.
0.25 0.10 BayviewAcqnRt BAYAR ... ... .20 ... ... 50.51 31.74 CaesarsEnt CZR ... dd 44.18 –1.00 ... 36.60 22.80 Cohu COHU ... dd 25.89 +0.56 ... 32.90 20.17 DigiIntl DGII ... 65 29.86 –0.84 ... 20.88 10.50 ExtremeNetworks EXTR ... dd 14.35 –0.71 ...
ly
105.42 69.22 BeaconRoofing BECN ... dd 93.36 –2.28 ... 6.81 3.50 Caesarstone CSTE ... dd 4.37 –0.09 ... 283.48 70.42 CoinbaseGlbl COIN ... 37 205.04 –15.17 ... 43.43 21.00 Digimarc DMRC ... dd 32.12 +2.12 ... 30.99 5.67 EyePointPharm EYPT ... dd 9.50 –1.55 ...
49.50 18.18 BeamTherap BEAM ... dd 21.55 –2.10 ... 95.06 44.78 Cal-MaineFoods CALM 4.6 10 89.43 –3.331.019 42.29 20.95 CollegiumPharm COLL ... 13 34.70 –3.74 ... 31.75 17.29 DimeCommBcshs DCOM 3.4 20 29.53 –1.13 .25 12.23 7.72 Ezcorp EZPW ... 11 11.57 –0.03 ...
248.16 126.97 BeiGene BGNE ... dd 212.81 –6.16 ... 31.26 20.30 CalavoGrowers CVGW 3.0 dd 26.35 –2.21 .10 155.99 83.38 ColliersIntl CIGI .2 53 155.43 +4.21 .15 86.74 58.50 Diodes DIOD ... 31 64.66 +0.68 ... F
105.60 45.32 BelFuse A BELFA .2 27 103.35 –1.52 .06 25.29 9.97 Calumet CLMT ... dd 21.18 +1.12 ... 6.99 3.76 Collplant CLGN ... dd 3.97 –0.21 ... 24.32 22.63 DirexMUBear1X MUD ... ... 23.52 +0.71 ...
24.80 12.34 FARO Tech FARO ... dd 17.98 –0.28 ...
85.91 45.75 BelFuse B BELFB .4 18 78.54 –5.02 .07 6.50 1.08 CambiumNtwks CMBM ... dd 1.24 –0.23 ... 16.06 9.46 ColonyBankcorp CBAN 3.0 12 14.85 –0.82.1125 77.60 25.60 DiscMedicine IRON ... dd 46.01 –4.55 ...
224.47 148.10 F5 FFIV ... 23 216.87 –0.61 ...
on
57.19 43.82 BentleySystems BSY .5 43 49.15 –0.79 .06 43.50 27.69 CamdenNational CAC 4.2 14 40.18 –1.79 .42 28.62 17.08 ColumbiaBanking COLB 5.2 12 27.90 +0.42 .36 12.35 10.56 DistokenAcqn DIST ... cc 10.93 +0.02 ...
32.50 26.75 FRP Holdings FRPH ... 74 29.20 –1.00 ...
8.88 4.82 Berry(bry) BRY 9.3 dd 5.17 –0.07 .05 52.81 39.65 CampbellSoup CPB 3.1 25 47.07 –1.43 .37 20.46 13.79 ColumbiaFinl CLBK ... 89 16.69 –0.72 ... 0.18 0.08 DistokenAcqnRt DISTR ... ... .14 +0.02 ...
149.74 35.66 FTAI Aviation FTAI ... dd 144.24 +0.69 ...
12.12 5.13 BeyondMeat BYND ... dd 6.32 –0.07 ... 140.50 49.64 Camtek CAMT .0 40 77.66 –5.16 1.33 87.23 66.01 ColumbiaSportswr COLM 1.6 20 75.18 –9.21 .30 41.47 22.91 DistributionSoln DSGR ... dd 39.33 –0.84 ...
10.46 3.01 FTAI Infra FIP 1.3 dd 9.07 –0.07 .03
27.94 18.33 BicaraTherap BCAX ... ... 22.50 +0.54 ... 3.50 0.72 Canaan CAN ... dd .97 –0.02 ... 45.84 29.26 ColumbusMcKinn CMCO .9 20 32.44 –1.93 .07 4.24 1.93 DiversifiedHlthcr DHC 1.2 dd 3.40 –0.30 .01
19.41 7.02 Falcon'sBeyondGlbl FBYD ... ... 9.75 –0.44 ...
28.67 12.54 BicycleTherap BCYC ... dd 24.73 –2.30 ... 26.85 11.41 CanadianSolar CSIQ ... 25 13.41 +0.86 ... 47.11 36.43 Comcast A CMCSA 3.0 11 41.66 –0.27 .31 19.45 6.57 dLocal DLO ... 20 8.83 +0.11 ...
7.48 1.04 Fanhua AIFU ... 2 1.43 –0.19 ...
7.37 1.45 Big5SportingGds BGFV10.7 dd 1.87 –0.29 .05 14.30 0.66 CandelTherap CADL ... dd 5.60 –0.46 ... 65.86 40.91 CommerceBcshrs CBSH 1.8 16 61.20 –0.08 .27 56.41 33.81 Docebo DCBO ... 86 46.06 –0.09 ...
4.04 1.82 FarmerBros FARM ... dd 1.91 –0.04 ...
13.47 0.75 BigTreeCloud DSY ... dd 3.97 –1.14 ... 14.92 2.76 CanopyGrowth CGC ... dd 5.44 +1.00 ... 7.34 2.92 CommVehicle CVGI ... 3 2.94 –0.15 ... 73.80 38.11 DocuSign DOCU ... 15 68.99 –3.31 ...
us ,
79.04 57.06 Fastenal FAST 2.1 38 75.85 –2.05 .39
10.29 5.25 BigCommerce BIGC ... dd 5.25 –0.57 ... 9.40 5.75 Cantaloupe CTLP ... 58 8.90 –0.35 ... 6.75 0.86 CommScope COMM ... dd 6.22 +0.17 ... 151.22 60.82 DollarTree DLTR ... dd 66.45 –1.75 ...
8.83 1.63 FateTherap FATE ... dd 2.65 –0.58 ...
–1.23 .47
l
31.77 8.80 Bilibili BILI ... dd 20.65 +0.50 ... 30.25 14.27 CanterburyPark CPHC 1.5 24 18.88 –0.59 .07 53.50 36.92 CmntyTrBcp CTBI 3.7 12 51.25 12.23 6.11 Domo DOMO ... dd 8.09 +0.31 ...
48.29 32.82 Ferrovial FER .0 36 40.33 –1.91.3299
16.61 1.85 BinahCapital BCG ... dd 2.09 –0.28 ... 10.10 9.99 CantorEqPtrs CEP ... ... 10.10 +0.06 ... 165.73 63.72 CommvaultSys CVLT ... 34 134.22 –6.65 ... 15.84 12.26 DonegalGroup A DGICA 4.6 20 15.16 +0.28.1725
e
55.00 1.08 FibroBiologics FBLG ... dd 2.85 –0.54 ...
al a
21.95 11.47 BingEx FLX ... cc 13.26 –1.84 ... 26.20 15.00 CapitalBancorp CBNK 1.4 10 24.12 –1.06 .10 3.37 0.20 CompleteSolaria CSLR ... dd 2.26 –0.08 ... 16.00 10.75 DonegalGroup B DGICB 4.4 21 14.03 +0.63 .155
2.93 0.30 FibroGen FGEN ... dd .31 –0.08 ...
85.57 51.79 Bio-Techne TECH .5 66 68.68 –2.56 .08 36.67 25.45 CapitalCityBank CCBG 2.7 11 34.41 –1.21 .23 15.76 4.61 CompoSecure CMPO .0 15 15.20 +0.12 .30 155.29 70.50 DoorDash DASH ... dd 153.88 +1.90 ...
60.85 41.10 FidelityD&D FDBC 3.0 19 50.50 –1.14 .38
26.62 18.30 BioAgeLabs BIOA ... ... 24.06 +0.20 ... 20.26 12.70 CapCleanEn CCEC 3.1 8 19.29 –0.55 .15 20.97 5.17 comScore SCOR ... dd 6.07 –0.33 ... 35.74 27.16 DorchesterMnls DMLP10.7 12 32.59 –0.33.9958
45.71 22.76 FifthThirdBncp FITB 3.4 14 43.22 –1.45 .37
4.02 1.14 BioAtla BCAB ... dd 1.99 +0.05 ... 13.04 1.53 ComtechTel CMTL ... dd 3.80 –0.32 ... 119.28 60.01 DormanProducts DORM ... 21 114.91 –1.97 ...
ci on
27.23 20.72 CapitalSouthwest CSWC 8.9 15 25.63 –0.01 .06 27.75 15.52 FinInstitutions FISI 5.0 7 24.01 –2.20 .30
14.05 6.91 BioceresCrop BIOX ... cc 7.00 –0.55 ... 6.82 4.76 CapitolFedFin CFFN 5.2 23 6.51 +0.35 .085 106.10 44.18 Concentrix CNXC 2.7 14 44.52 –4.54.3328 16.75 7.16 DoubleDown DDI ... 6 13.82 –0.80 ...
12.83 10.91 FinnovateAcqnA FNVT ... cc 11.67 +0.06 ...
8.88 4.03 BioCryst BCRX ... dd 7.95 +0.33 ... 12.00 1.15 Captivision CAPT ... ... 1.60 –0.07 ... 4.22 2.40 Conduent CNDT ... 18 3.56 –0.37 ... 20.17 6.29 DouYuIntl DOYU .0 dd 9.39 +0.21 9.71
16.62 8.31 FinWiseBancorp FINW ... 14 16.06 –0.08 ...
2.21 1.15 Biodesix BDSX ... dd 1.64 +0.03 ... 197.99 3.50 CarbonRevolution CREV ... ... 3.67 +0.17 ... 7.83 0.10 ConduitPharm CDT ... dd .11 ... ... 49.57 26.15 DraftKings DKNG ... dd 36.47 –1.99 ...
20.75 12.46 FirstAdvantage FA ... cc 17.74 –2.19 ...
268.30 181.25 Biogen BIIB ... 23 181.69 –8.47 ... 20.52 2.89 Cardlytics CDLX ... dd 3.88 –0.10 ... 35.07 14.69 Confluent CFLT ... dd 22.53 +0.08 ... 16.00 10.59 DrivenBrands DRVN ... dd 14.53 –0.14 ...
45.41 27.45 FirstBancorpNC FBNC 2.1 17 40.94 –2.72 .22
99.56 67.75 BioMarinPharm BMRN ... 53 69.73 –0.38 ... 3.80 0.68 Carecloud CCLD ... dd 2.41 –0.15 ... 2.84 0.68 ConnectBiopharma CNTB ... ... 1.19 –0.06 ... 33.43 20.68 Dropbox DBX ... 15 26.00 –0.47 ...
29.75 21.77 FirstBancorp FNLC 5.6 11 25.86 –1.65 .36
22.74 3.61 BiomeaFusion BMEA ... dd 12.15 +0.50 ... 34.84 4.80 CareDx CDNA ... dd 22.39 –1.59 ... 12.47 0.67 ConnectMTech CNTM ... dd 1.02 –0.11 ... 5.82 3.09 DuluthHoldings DLTH ... dd 3.74 –0.31 ...
15.87 10.51 FirstBank FRBA 1.7 9 13.99 –1.40 .06
2.84 0.23 Bionomics BNOX ... dd .25 –0.05 ... 65.40 1.18 CareMax CMAX ... dd 1.62 –0.28 ... 27.13 15.66 ConnectOneBncp CNOB 3.0 14 24.21 –1.93 .18 297.56 141.13 Duolingo DUOL ... cc 291.61 +5.49 ...
28.97 18.75 FirstBusey BUSE 4.0 12 24.18 –1.82 .24
er s
131.49 76.53 BioNTech BNTX ... dd 110.48 –1.29 ... 32.36 16.70 CarGurus CARG ... dd 31.53 –0.05 ... 28.10 11.62 ConsensusCloud CCSI ... 4 20.22 –0.99 ... 15.15 9.74 DynavaxTechs DVAX ... 98 10.71 –0.24 ...
47.23 29.33 FirstBusFinSvcs FBIZ 2.3 9 42.89 –2.07 .25
20.80 3.38 BioraTherap BIOR ... dd 3.90 –0.40 ... 8.33 1.50 CaribouBio CRBU ... dd 1.77 –0.23 ... 4.65 4.03 ConsldComm CNSL ... dd 4.63 ... ... 47.45 6.40 DyneTherap DYN ... dd 30.73 –4.51 ...
2174.80 1339.10 FirstCitizBcshA FCNCA .3 10 1881.83 –233.18 1.64
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
8.44 3.65 Biote BTMD ... 45 5.13 –0.19 ... 3.42 0.80 CarismaTherap CARM ... dd 1.00 +0.03 ... 38.29 23.70 ConsldWater CWCO 1.8 10 24.44 –1.50 .11 E 45.93 31.00 FirstCommBkshs FCBC 3.0 15 41.10 –2.93 .31
13.63 3.23 Bioventus BVS ... dd 13.21 +0.26 ... 288.75 109.44 ConstellationEner CEG .5 35 264.41 –5.75.3525
3.91 1.01 Bitfarms BITF ... dd 1.90 –0.16 ...
52.73
18.74
27.13
13.32
m er
Carlyle
CarlyleSecured
CG 2.8
CGBD 9.3
dd
9
50.22
17.20
–2.06 .35
–0.46 .07 86.00 36.70 ConstructionPtrs ROAD ... 58 77.49 +2.79 ...
4.68
8.50
0.96
2.27
ECARX
EDAP TMS
ECX ...
EDAP ...
dd
dd
1.80
2.73
–0.04 ...
+0.02 ...
28.25
39.53
17.91
23.35
FirstFinBncpOH
FirstFinBkshs
FFBC 3.9
FFIN 2.0
10
25
24.38
36.13
–1.66 .24
–2.27 .18
7.66 1.62 BlackDiamond BDTX ... dd 2.98 –0.33 ... 3.65 0.68 CarParts.com PRTS ... dd .71 –0.06 ... 12.04 7.03 ConsumerPtf CPSS ... 9 9.84 +0.19 ...
10.69 10.13 ESH Acqn A ESHA ... 38 10.64 –0.01 ... 47.00 32.94 FirstFinIN THFF 4.3 11 42.12 –1.79 .45
12.21 10.08 BlackHawkAcqn BKHAU ... ... 10.50 +0.06 ... 18.84 10.83 CarterBkshrs CARE ... 34 18.22 –0.34 ... 6.95 3.55 ContextLogic LOGC ... dd 6.42 +0.35 ...
0.29 0.08 ESH Acqn Rt ESHAR ... ... .10 +0.01 ... 23.50 10.49 FirstFinNW FFNW 2.3 66 22.70 –0.09 .13
10.30 10.09 BlackHawkAcqn BKHA ... 80 10.30 +0.04 ... 11.58 10.85 CartesianGrwIIA RENE ... 31 11.55 +0.04 ... 22.00 13.27 ContineumTherap CTNM ... 19 16.69 +0.31 ...
20.87 15.06 ESSA Bancorp ESSA 3.2 10 18.57 –1.50 .15 13.32 8.39 FirstGuarBcshs FGBI 3.1 12 10.24 –0.11 .08
4.20 0.75 BlackHawkAcqnRt BKHAR ... ... 1.01 –0.15 ... 42.60 11.67 CartesianTherap RNAC ... dd 20.58 –2.29 ... 112.38 75.94 Cooper COO ... 60 107.82 –0.44 ...
17.65 11.26 EagleBncpMT EBMT 3.5 15 16.50 –0.20.1425 26.18 17.47 FirstHawaiian FHB 4.3 14 23.96 –0.57 .26
10.05 9.88 BlackSpadeII BSII ... ... 9.89 –0.01 ... 58.58 42.41 Copart CPRT ... 37 51.71 –2.17 ...
m rp
109.09 72.97 CasellaWaste CWST ... cc 100.01 –4.06 ... 98.95 52.29 EastWestBncp EWBC 2.3 12 95.10 +3.27 .55 39.46 15.60 FirstInternetBncp INBK .7 14 35.14 –2.14 .06
88.56 64.32 Blackbaud BLKB ... cc 85.54 –0.35 ... 401.07 266.55 CaseysGenStores CASY .5 28 391.13 +0.98 .50 14.07 2.61 CoreScientific CORZ ... dd 13.37 +0.56 ...
17.49 10.65 EasternBankshares EBC 2.8 6 15.92 –1.36 .11 33.00 22.68 FirstInterBanc FIBK 6.1 13 30.95 –1.27 .47
69.31 43.37 BlackLine BL ... 34 56.57 –2.36 ... 50.25 37.00 CassInfoSys CASS 2.8 25 42.17 +1.88 .30 13.49 2.57 CorMedix CRMD ... dd 13.04 +2.03 ...
35.78 16.10 Eastern EML 1.4 16 31.15 –2.26 .11 42.45 26.25 FirstMerchants FRME 3.9 11 35.75 –3.08 .35
12.43 8.02 BlkRkTCPCap TCPC16.2 dd 8.39 +0.09 .34 34.50 12.66 CastleBiosci CSTL ... dd 31.37 –1.27 ... 15.07 5.60 CorsairGaming CRSR ... dd 6.30 –0.37 ...
18.94 5.34 EbangIntl EBON ... dd 5.73 –0.44 ... 41.02 26.50 FirstMidBcshs FMBH 2.5 12 37.85 –1.78 .24
11.88 10.78 BlockchainCoinIA BCSA ... 16 11.52 –0.04 ... 46.70 32.83 CathayGenBncp CATY 3.0 11 44.83 –1.21 .34 329.23 187.92 Corvel CRVL ... 68 304.01 –8.78 ...
67.80 37.17 eBay EBAY 1.7 12 63.10 –1.85 .27 16.12 8.91 FirstNWBncp FNWB 2.7 dd 10.36 –0.87 .07
30.13 15.14 Bloomin'Brands BLMN 6.0 62 15.96 –1.08 .24 452.42 233.84 CavcoIndustries CVCO ... 24 413.03 –35.23 ... 8.69 1.05 CorvusPharm CRVS ... dd 8.31 +1.10 ...
30.08 9.53 EchoStar SATS ... dd 25.13 –0.25 ... 306.77 129.22 FirstSolar FSLR ... 18 198.47 –2.08 ...
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
59.40 17.59 BlueBird BLBD ... 14 42.43 –2.99 ... 31.55 15.57 CecoEnvl CECO ... 73 26.77 –0.09 ... 100.38 68.26 CoStar CSGP ... cc 74.48 –4.77 ...
36.66 5.12 EdgewiseTherap EWTX ... dd 34.98 –0.59 ... 65.63 43.35 1stSource SRCE 2.5 11 57.47 –4.38 .36
11.48 7.38 BlueFoundryBncp BLFY ... dd 9.66 –0.76 ... 18.76 6.37 CellebriteDI CLBT ... dd 18.29 +0.14 ... 923.83 540.23 Costco COST .5 54 891.22 +1.66 1.16
11.69 2.91 EditasMedicine EDIT ... dd 3.18 –0.18 ... 31.93 16.30 FirstUnited FUNC 2.8 13 31.07 –0.46 .22
co o
11.70 10.73 BlueOceanA BOCN ... cc 11.47 –0.01 ... 3.77 0.96 Cellectis CLLS ... dd 1.86 –0.04 ... 32.00 13.53 Couchbase BASE ... dd 16.30 –1.08 ...
2.95 0.80 EducDev EDUC ... dd 2.10 +0.04 ... 25.98 12.90 FirstWatchRest FWRG ... 44 16.94 +0.04 ...
5.53 0.45 bluebirdbio BLUE ... dd .48 –0.01 ... 17.59 5.58 CentessaPharm CNTA ... dd 15.50 –0.55 ... 83.52 34.88 CrackerBarrel CBRL 8.8 26 47.28 –3.19 .25
22.98 9.51 EHang EH ... dd 17.21 +0.71 ... 21.87 12.84 FirstWesternFin MYFW ... 27 19.12 –2.04 ...
121.90 53.13 BlueprintMed BPMC ... dd 82.47 –3.53 ... 47.48 30.08 CentralGarden CENT ... 15 33.60 –1.46 ... 4.40 0.42 CreativeMedia CMCT72.4 dd .46 –0.08.0833
9.45 3.58 eHealth EHTH ... dd 5.00 +0.41 ... 133.64 101.62 FirstCash FCFS 1.4 20 105.54 –7.21 .38
1.56 0.55 BoltBiotherap BOLT ... dd .68 +0.05 ... 41.03 27.70 CentralGardenA CENTA ... 13 28.98 –1.22 ... 616.66 379.77 CreditAcceptance CACC ... 34 469.83 –5.52 ...
3.92 1.51 8x8 EGHT ... dd 1.99 +0.01 ... 192.71 135.06 FirstService FSV .5 cc 189.69 +2.71 .25
F
17.02 0.36 BoltProjects BSLK ... dd .40 –0.07 ... 10.25 9.96 CenturionAcqnA ALF ... ... 10.10 +0.09 ... 40.37 13.38 CredoTech CRDO ... dd 39.18 +1.87 ...
16.63 6.60 89bio ETNB ... dd 7.87 –0.48 ... 43.80 29.33 FirstSunCapBncp FSUN ... 12 40.28 –0.42 ...
4395.00 2737.26 Booking BKNG .8 30 4347.82 –3.00 8.75 21.37 5.70 CenturyAluminum CENX ... 8 18.26 +0.93 ... 19.63 15.03 CrescentCapBDC CCAP 9.0 7 18.39 –0.20 .42
14.25 8.11 ElPolloLoco LOCO ... 15 12.76 –0.65 ... 216.18 64.87 FiveBelow FIVE ... 17 87.37 –7.54 ...
15.24 2.82 BoundlessBio BOLD ... dd 2.92 –0.13 ... 5.51 1.28 CenturyTherap IPSC ... dd 1.39 –0.21 ... 10.75 6.48 Cresud CRESY .0 8 9.53 +0.58 .305
225.64 175.30 ElbitSystems ESLT 1.0 39 210.33 –1.94 .50 2.61 0.40 5EAdvMatls FEAM ... dd .54 –0.06 ...
10.85 10.22 BowenAcqn BOWN ... 32 10.84 ... ... 3.38 1.62 Ceragon CRNT ... 21 2.47 –0.15 ... 8.70 4.43 Cricut CRCT 1.5 21 6.50 –0.27 .40
153.51 119.92 ElectronicArts EA .5 34 145.20 +0.85 .19 92.40 26.60 Five9 FIVN ... dd 29.55 –1.03 ...
0.40 0.08 BowenAcqnRt BOWNR ... ... .26 +0.01 ... 21.67 2.34 Cerence CRNC ... dd 2.92 –0.04 ... 60.04 25.75 CrineticsPharm CRNX ... dd 57.96 –1.13 ...
5.83 0.36 ElevationOnc ELEV ... dd .58 +0.01 ... 31.79 18.72 FiveStarBncp FSBC 2.7 12 29.71 –1.59 .20
42.90 19.93 BowmanConsult BWMN ... dd 20.00 –1.59 ... 27.71 23.00 CeriBell CBLL ... ... 26.28 –0.39 ... 49.93 22.10 Criteo CRTO ... 24 41.31 –1.55 ...
19.79 9.93 Embecta EMBC 4.3 12 13.90 +0.26 .15 10.07 9.99 FlagShipAcqn FSHP ... ... 10.05 ... ...
7.00 4.11 BraggGaming BRAG ... dd 4.90 +0.15 ... 12.80 0.07 CERoTherap CERO ... dd .08 –0.01 ... 22.50 5.32 CriticalMetals CRML ... dd 6.26 –0.74 ...
13.39 10.84 EmbraceChange EMCG ... 48 11.58 +0.07 ... 0.31 0.10 FlagShipAcqnRt FSHPR ... ... .20 +0.09 ...
10.61 3.09 Brainsway BWAY ... cc 9.65 –0.41 ... 165.32 74.00 Crocs CROX ... 10 133.75 –5.65 ...
19.87 9.99 Certara CERT ... dd 10.20 –1.21 ... 1.73 0.10 EmbraceChangeRt EMCGR ... ... .15 +0.04 ... 35.84 18.15 Flex FLEX ... 16 35.21 +0.31 ...
61.53 29.18 Braze BRZE ... dd 30.80 +0.55 ... 3.14 1.71 Cronos CRON ... dd 2.22 +0.04 ...
2.59 1.25 Cerus CERS ... dd 1.67 –0.03 ... 37.42 26.13 Enact ACT 2.1 8 34.65 –1.98 .185 59.56 15.67 Flexsteel FLXS 1.2 23 57.00 +13.63 .17
44.32 21.62 BridgeBioPharma BBIO ... dd 23.84 –2.18 ... 23.64 11.46 CrossCtyHlthcr CCRN ... 50 11.57 –1.30 ...
39.95 25.46 ChampionX CHX 1.3 18 29.32 –0.44 .095 17.80 8.08 EnantaPharma ENTA ... dd 11.68 –0.95 ... 27.80 12.74 FluenceEnergy FLNC ... dd 20.66 –0.40 ...
7.82 1.71 BridgerAerospace BAER ... dd 3.45 +0.30 ... 19.22 10.16 CrossFirstBkshs CFB ... 11 15.57 –1.09 ...
424.87 236.08 CharterComms CHTR ... 11 336.00 +10.39 ... 54.55 34.74 EncoreCapital ECPG ... dd 45.14 –2.01 ... 18.00 10.74 FlushingFinl FFIC 5.8 17 15.29 –0.01 .22
14.69 7.77 BridgfordFoods BRID ... dd 8.99 –0.04 ... 398.33 171.22 CrowdStrike CRWD ... cc 300.62 –9.53 ...
210.70 126.57 CheckPoint CHKP ... 29 207.16 +0.93 ... 19.94 12.26 EnergyRecovery ERII ... 50 17.82 –1.05 ... 31.54 15.19 Flywire FLYW ... dd 17.32 –0.16 ...
3.10 1.55 Brightcove BCOV ... dd 2.26 +0.17 ... 30.19 7.64 CullinanTherap CGEM ... dd 15.96 –0.81 ...
43.51 29.27 CheesecakeFct CAKE 2.6 18 42.04 –0.98 .27 20.00 12.16 EnlightRenewableEn ENLT ... 35 15.79 –0.44 ... 15.00 7.99 FocusImpact FIAC ... dd 10.12 +1.03 ...
56.25 40.00 BrighthouseFin BHF ... dd 47.41 –1.74 ... 2.36 1.19 CumberlandPharm CPIX ... dd 1.22 –0.03 ...
44.58 17.29 ChefsWarehouse CHEF ... 41 39.36 –2.39 ... 30.03 9.80 EnlivenTherap ELVN ... dd 28.81 –0.19 ... 10.25 2.70 FoghornTherap FHTX ... dd 7.72 +0.05 ...
16.49 7.85 BrightSpring BTSG ... dd 15.50 –0.76 ... 5.51 1.13 CumulusMedia CMLS ... dd 1.16 –0.12 ...
n-
51.36 39.00 ChemungFinl CHMG 2.7 10 46.79 –1.36 .31 18.68 5.70 Enovix ENVX ... dd 10.41 –1.04 ... 63.63 31.83 FormFactor FORM ... 29 44.79 +0.88 ...
3.81 1.52 BrilliantEarthA BRLT ... 88 1.53 –0.23 ... 6.30 2.22 CureVac CVAC ... dd 2.75 –0.05 ...
11.75 10.95 ChengheAcqnIA LATG ... dd 11.66 +0.01 ... 141.63 73.49 EnphaseEnergy ENPH ... cc 83.83 –7.81 ... 87.10 55.97 FormulaSys FORTY 1.1 19 82.02 +4.02.6111
12.31 10.97 BroadCapital BRAC ... dd 11.46 +0.13 ... 13.59 1.78 Currenc CURR ... 14 2.34 –0.04 ...
13.38 7.29 ChicagoAtlantic LIEN 7.7 15 13.00 –0.20 .25 155.68 94.56 EnsignGroup ENSG .2 39 152.82 +4.39 .06 27.89 14.58 ForresterRes FORR ... cc 14.60 –1.52 ...
186.42 82.72 Broadcom AVGO 1.2 cc 173.00 –6.89 .53 4.97 0.62 Cutera CUTR ... dd .64 –0.08 ...
17.65 13.86 ChicagoAtlRealEst REFI 12.4 8 15.22 –0.38 .47 348.48 231.85 Enstar ESGR ... 6 325.21 +2.58 ... 83.77 44.12 Fortinet FTNT ... 47 80.34 –0.73 ...
11.52 7.93 BrooklineBncp BRKL 5.0 13 10.86 +0.10 .135 33.14 6.40 CVRx CVRX ... dd 10.07 +0.58 ...
89.70 1.77 ChijetMotor CJET ... dd 1.95 –0.46 ... 147.57 84.13 Entegris ENTG .4 86 105.01 +1.78 .10 41.02 17.19 Fortrea FTRE ... dd 17.33 –2.56 ...
94.86 53.79 Bruker BRKR .3 24 57.90 –4.55 .05 308.63 154.89 CyberArkSoftware CYBR ... dd 290.04 –9.94 ...
38.03 4.77 Children'sPlace PLCE ... dd 11.52 –0.24 ... 34.10 22.60 EnterpriseBncp EBTC 3.1 11 31.19 –1.68 .24 72.50 11.21 ForwardAir FWRD 2.6 dd 36.89 –2.77 .24
no
15.90 4.80 Bumble BMBL ... 24 7.11 –0.20 ... 9.87 3.80 CytekBiosci CTKB ... dd 4.69 –0.48 ...
1.30 0.75 Chimerix CMRX ... dd .87 –0.01 ... 54.88 34.07 EnterpriseFinSvcs EFSC 2.2 11 51.67 –1.41 .28 1.83 0.75 Fossil FOSL ... dd 1.13 –0.02 ...
10.80 2.62 BurningRockBio BNR ... dd 2.82 –0.23 ... 110.25 30.37 Cytokinetics CYTK ... dd 51.32 –3.65 ...
32.19 21.47 ChipMOSTechs IMOS ... 13 22.34 –0.17 ... 18.17 10.75 EntradaTherap TRDA ... 6 16.99 –0.45 ... 30.77 14.23 FosterLB FSTR ... 30 19.74 –0.25 ...
11.38 10.57 BurTechAcqnA BRKH ... dd 11.37 +0.01 ... 5.85 1.02 CytomXTherap CTMX ... 7 1.03 –0.15 ...
190.23 126.38 ChordEnergy CHRD 3.9 6 128.85 –1.13 1.27 102.99 53.54 ePlus PLUS ... 24 97.59 –0.59 ... 36.25 7.90 4D Molecular FDMT ... dd 8.15 –0.38 ...
26.93 18.81 BusFirstBcshs BFST 2.2 11 25.97 –0.10 .14 D
10.52 9.99 ChurchillCapIX CCIX ... ... 10.06 +0.01 ... 6.20 4.70 EpsilonEnergy EPSN 4.1 25 6.03 +0.05.0625 42.85 28.29 FoxA FOXA 1.3 13 41.71 –0.76 .27
12.51 10.76 byNordicAcqnA BYNO ... cc 11.40 –0.04 ...
146.64 106.45 ChurchillDowns CHDN .3 26 140.25 +2.24.409 3.67 0.72 DIH US DHAI ... ... 1.50 –0.20 ... 943.02 684.14 Equinix EQIX 1.9 84 914.33 +19.13 4.26 39.32 25.82 FoxB FOX 1.4 12 38.35 –0.62 .27
C 104.92 57.20 Cimpress CMPR ... 12 75.86 –2.51 ... 19.73 9.70 DMC Global BOOM ... 16 10.36 –2.61 ... 3.45 1.51 Erasca ERAS ... dd 2.64 –0.27 ... 86.14 34.56 FoxFactory FOXF ... 38 37.17 –4.04 ...
3.85 2.12 Cadiz CDZI ... dd 2.99 –0.13 ... 142.25 96.86 CincinnatiFinl CINF 2.3 10 141.25 –0.15 .81 4.05 1.10 D-MarketElec HEPS ... dd 3.37 –0.14 ... 547.00 270.36 ErieIndemnity ERIE 1.1 44 444.02 –37.661.275 14.50 1.74 FractylHealth GUTS ... dd 2.37 –0.12 ...
12.30 9.40 CAMP4Therapeutics CAMP ... ... 11.19 +0.19 ... 215.37 123.65 Cintas CTAS .8 52 207.41 –6.61 .39 10.43 10.07 DTCloudAcqn DYCQ ... ... 10.40 –0.03 ... 22.01 12.34 Escalade ESCA 4.5 14 13.26 –0.81 .15 108.39 83.72 FranklinElec FELE 1.0 25 101.60 –2.93 .25
33.92 13.14 CARGOTherapeutics CRGX ... dd 20.95 –1.27 ... 7.99 2.15 CipherMining CIFR ... cc 5.46 +0.49 ... 0.58 0.17 DTCloudAcqnRt DYCQR ... ... .19 –0.06 ... 3.40 0.74 EsperionTherap ESPR ... dd 2.10 +0.06 ... 14.91 2.25 FreightCarAmer RAIL ... dd 14.57 +1.57 ...
72.00 33.51 C&F Fin CFFI 2.9 11 61.17 +0.53 .44 147.46 65.02 CirrusLogic CRUS ... 23 122.22 –2.61 ... 10.02 9.96 DT CloudStar DTSQ ... ... 10.01 ... ... 8.64 3.03 EtonPharm ETON ... dd 8.11 –0.24 ... 14.50 7.20 FrequencyElec FEIM .0 20 12.28 –0.56 1.00
29.50 20.75 CB FinSvcs CBFV 3.5 7 28.50 –0.19 .25 57.06 44.50 CiscoSystems CSCO 2.9 22 55.74 –1.02 .40 0.14 0.12 DT CloudStarRt DTSQR ... ... .13 +0.01 ... 89.58 48.07 Etsy ETSY ... 23 48.64 –2.92 ... 145.68 54.60 Freshpet FRPT ... cc 133.64 –5.89 ...
12.68 9.79 CCC Intelligent CCCS ... cc 11.00 –0.16 ... 32.90 13.66 CitiTrends CTRN ... dd 19.20 –1.17 ... 57.38 28.82 DXP Ents DXPE ... 14 48.51 –3.55 ... 117.66 75.41 EuronetWorldwide EEFT ... 15 100.50 +1.84 ... 24.98 10.81 Freshworks FRSH ... dd 11.62 +0.32 ...
263.37 185.04 CDW CDW 1.1 27 217.01 –1.30 .62 14.25 8.60 CtznCmntyBcp CZWI 2.3 11 14.12 –0.08 .32 4.55 1.04 DadaNexus DADA ... dd 1.68 +0.04 ... 16.31 4.80 EuropeanWax EWCZ ... 26 6.82 –0.32 ... 53.10 28.26 Frontdoor FTDR ... 19 49.97 –2.56 ...
25.74 16.02 CEVA CEVA ... dd 23.95 –0.44 ... 125.54 89.95 CityHolding CHCO 2.7 15 115.27 –4.01 .79 15.97 7.20 Daktronics DAKT ... 64 13.00 –0.55 ... 12.35 6.22 EverCommerce EVCM ... dd 10.42 –0.32 ... 39.21 16.30 FrontierComms FYBR ... dd 36.01 +0.31 ...
11.88 1.06 C4 Therap CCCC ... dd 5.89 –0.46 ... 7.55 3.89 Clarus CLAR 2.5 23 4.05 –0.34 .025 5.75 2.98 DallasNews DALN12.4 dd 5.16 +0.54 .16 14.21 10.20 Evergreen EVGRU ... ... 12.30 +0.04 ... 8.33 2.79 Frontier ULCC ... dd 7.03 +0.04 ...
50.23 25.77 CG Oncology CGON ... dd 36.38 –0.06 ... 4.13 2.17 CleanEnerFuels CLNE ... dd 2.86 –0.03 ... 138.61 77.81 Datadog DDOG ... cc 126.60 –1.52 ... 11.79 11.03 EvergreenA EVGR ... 40 11.78 ... ... 1.84 0.31 FuelCell FCEL ... dd .32 –0.01 ...
113.10 65.00 CH Robinson CHRW 2.3 39 108.12 –2.01 .62 44.83 22.91 Clearfield CLFD ... dd 36.43 –1.60 ... 69.82 29.31 Dave&Buster's PLAY ... 14 37.38 +0.76 ... 62.58 47.98 Evergy EVRG 4.2 19 60.77 –0.35.6425 13.70 2.87 FulcrumTherap FULC ... dd 3.19 –0.32 ...
1.50 0.68 CLPS CLPS .0 dd 1.36 –0.01 .10 2.12 0.68 ClearsideBiomed CLSD ... dd 1.10 –0.05 ... 63.50 4.96 Dave DAVE ... 19 38.74 –3.89 ... 28.09 6.64 EverQuote EVER ... dd 17.77 –1.47 ... 30.68 18.76 FulgentGenetics FLGT ... dd 19.42 –0.34 ...
44 BARRON’S October 28, 2024
.
60.86 42.25 HaynesIntl HAYN 1.5 21 60.30 +0.33 .22 13.33 4.13 Inogen INGN ... dd 9.23 –0.24 ... 56.71 38.20 Kulicke&Soffa KLIC 1.8 dd 44.59 +0.04 .20
35.68 20.66 G-IIIApparel GIII ... 8 30.60 –2.78 ... 17.48 0.13 MSP Recovery LIFW ... dd .14 ... ...
11.41 5.42 HealthCatalyst HCAT ... dd 7.66 –1.00 ... 7.80 2.69 InozymePharma INZY ... dd 4.79 –0.75 ... 24.17 7.52 KuraOncology KURA ... dd 17.51 –0.49 ...
10.08 9.98 GP-ActIIIAcqnA GPAT ... ... 10.07 –0.01 ... 10.15 9.97 M3-BrigadeAcqnV MBAV ... ... 10.02 ... ...
ly
13.00 8.98 HealthcareSvcs HCSG ... 16 10.74 +0.12 ... 20.67 1.62 Inseego INSG ... dd 19.64 +0.33 ... 122.81 48.66 KuraSushiUSA KRUS ... dd 94.32 +3.81 ...
23.36 12.33 GRAIL GRAL ... ... 13.00 –1.76 ... 181.02 86.60 MYR Group MYRG ... 39 114.36 –9.39 ...
89.23 61.81 HealthEquity HQY ... 73 88.07 +0.39 ... 11.99 10.58 InsightAcqnA INAQ ... dd 11.67 +0.11 ... 53.27 9.60 KymeraTherap KYMR ... dd 47.99 +1.58 ...
88.85 57.37 GRAVITY GRVY ... 6 62.61 –2.54 ... 21.88 2.95 Macrogenics MGNX ... dd 3.49 –0.52 ...
31.15 23.92 HealthStream HSTM .5 44 28.31 –0.53.028 228.07 139.34 InsightEnt NSIT ... 26 209.14 –12.66 ... 35.06 4.40 KyvernaTherap KYTX ... dd 5.12 –0.52 ...
9.66 0.56 GRIID Infr GRDI ... ... 1.08 +0.06 ... 299.98 119.76 MadrigalPharm MDGL ... dd 210.67 –3.77 ...
14.60 9.63 HeartlandExp HTLD .7 dd 11.33 –0.40 .02 80.53 21.92 Insmed INSM ... dd 70.96 –3.58 ...
6.02 1.88 GSI Tech GSIT ... dd 3.39 –0.43 ... L 12.99 8.15 MagicSoftware MGIC 3.6 16 11.18 –0.01.204
61.46 26.44 HeartlandFinUSA HTLF 2.1 40 56.29 –3.02 .30 9.31 3.11 Inspirato ISPO ... dd 3.88 –0.14 ...
5.91 2.35 Gaia GAIA ... dd 5.74 +0.34 ... 6.47 1.13 LavaTherap LVTX ... dd 2.00 +0.32 ... 15.92 6.42 Magnite MGNI ... dd 12.47 +0.21 ...
on
41.94 23.84 Heidrick&Strug HSII 1.6 21 38.64 +0.36 .15 243.98 128.68 Insulet PODD ... 42 233.63 –2.96 ...
5.33 0.89 GainTherap GANX ... dd 2.65 –0.05 ... 136.89 84.00 LGI Homes LGIH ... 12 102.80 –12.51 ... 12.71 9.00 MagyarBancorp MGYR 1.5 11 12.37 –0.10 .05
127.83 48.05 HelenofTroy HELE ... 11 64.54 –3.50 ... 51.80 30.36 Intapp INTA ... dd 50.24 +0.18 ...
42.46 24.16 Galapagos GLPG ... 14 28.95 –1.81 ... 53.68 35.57 LKQ LKQ 3.2 14 37.55 –1.76 .30 110.49 36.81 MakeMyTrip MMYT ... 57 102.71 +1.28 ...
10.83 10.03 HelixAcqnIIA HLXB ... ... 10.49 +0.13 ... 45.42 16.81 IntegraLifeSci IART ... 64 18.95 –0.92 ...
13.88 7.52 Gambling.com GAMB ... 14 9.31 –0.57 ... 289.88 187.19 LPL Financial LPLA .5 20 260.93 +2.31 .30 56.03 30.20 MalibuBoats MBUU ... dd 40.52 –2.69 ...
8.19 4.79 HelloGroup MOMO .0 7 6.89 +0.12 .52 17.53 7.98 IntegralAd IAS ... cc 11.58 +0.80 ...
52.60 41.80 Gaming&Leisure GLPI 6.1 17 49.77 –1.71 .76 17.33 11.44 LSI Inds LYTS 1.2 20 16.26 –0.46 .05 4.95 2.50 MammothEnergy TUSK ... dd 4.33 –0.19 ...
11.99 6.33 HennessyAdvsrs HNNA 5.4 13 10.17 ....1375 51.28 18.51 Intel INTC .0 99 22.68 –0.09 .125
10.16 7.01 GarrettMotion GTX ... 7 7.44 –0.75 ... 14.21 9.60 LakeShoreBancorp LSBK 5.3 18 13.47 –0.47 .18 307.50 186.77 ManhattanAssoc MANH ... 78 275.70 –22.58 ...
13.43 10.30 HennessyCapVI HCVI ... dd 10.51 –0.05 ... 34.87 15.35 IntelliaTherap NTLA ... dd 15.95 –5.13 ...
17.10 8.17 Gauzy GAUZ ... dd 9.36 –0.53 ... 73.22 47.63 LakelandFin LKFN 3.1 16 62.87 –4.33 .48 6.92 3.17 MannKind MNKD ... cc 6.54 –0.06 ...
82.63 60.01 HenrySchein HSIC ... 26 70.00 –2.39 ...
us ,
4.46 1.56 Intellicheck IDN ... dd 2.45 +0.23 ...
28.45 16.38 GenDigital GEN 1.9 28 26.97 –0.23 .125 26.10 13.86 LakelandInds LAKE .6 83 20.25 –0.46 .03 45.13 22.13 Maplebear CART ... dd 44.54 +1.78 ...
10.99 7.66 HeritageCommerce HTBK 5.5 12 9.51 –0.31 .13 7.84 4.31 Inter INTR .5 21 6.45 –0.14 .03
61.96 1.16 GeneDx WGS ... dd 58.82 –1.23 ... 11.56 4.52 MaravaiLifeSci MRVI ... dd 7.02 –1.33 ...
l
23.82 15.94 HeritageFin HFWA 4.1 18 22.34 –0.28 .23 154.75 72.60 InteractiveBrkrs IBKR .7 22 147.17 –1.64 .25 113.00 57.44 LamResearch LRCX 1.2 25 77.68 +4.84 .23
11.41 10.75 GenAsia I A GAQ ... 48 11.32 +0.12 ... 139.88 79.94 LamarAdv LAMR 4.2 27 134.69 –1.46 1.40 2.15 1.11 Marchex MCHX ... dd 1.67 –0.20 ...
10.82 2.47 HertzGlobal HTZ ... dd 3.08 –0.17 ... 3.72 0.99 Intercure INCR ... ... 1.70 –0.05 ...
e
al a
4.65 0.89 GenerationBio GBIO ... dd 2.14 –0.12 ... 215.31 160.01 LancasterColony LANC 2.0 31 177.21 +1.43 .90 26.80 18.13 Marex MRX 2.2 ... 25.42 –0.15 .14
11.55 3.28 Hesai HSAI ... dd 4.70 +0.23 ... 157.50 74.65 InterDigital IDCC 1.2 15 147.29 –6.88 .45
6.42 3.02 Genfit GNFT ... 15 5.50 –0.44 ... 21.78 15.71 LandmarkBncp LARK 4.1 10 20.25 ... .21 11.26 0.26 MarinusPharm MRNS ... dd .41 –1.44 ...
10.06 0.49 HighestPerf HPH ... dd .56 –0.12 ... 20.21 8.26 Interface TILE .2 16 18.08 –2.04 .01
32.89 22.39 Genmab GMAB ... 19 23.12 +0.14 ... 201.41 161.13 LandstarSystem LSTR .8 29 179.15 –8.45 .36 297.97 192.42 MarketAxess MKTX 1.0 41 286.45 –2.38 .74
18.22 12.20 HighPeakEner HPK 1.1 12 14.39 +0.24 .04 69.87 42.50 IntlBcshs IBOC 2.2 9 60.81 –3.61 .66
37.58 27.86 Gentex GNTX 1.5 18 31.25 +1.33 .12 126.89 50.20 Lantheus LNTH ... 18 110.30 –6.39 ... 3.62 0.53 MarketWise MKTW 6.9 6 .58 –0.02 .01
ci on
20.22 1.55 HilleVax HLVX ... dd 1.81 –0.07 ... 156.75 108.39 Interparfums IPAR 2.5 28 121.70 +1.08 .75
62.93 38.21 Gentherm THRM ... 19 40.38 –0.79 ... 5.73 1.16 LanzaTechGlobal LNZA ... dd 1.85 –0.03 ... 7.36 4.40 Marqeta MQ ... dd 5.30 +0.09 ...
11.16 6.02 HillmanSolns HLMN ... cc 10.44 –0.55 ... 4.57 3.10 Intevac IVAC ... dd 3.35 –0.32 ...
17.09 8.09 GeospaceTech GEOS ... 14 11.24 +0.01 ... 2.63 1.38 Largo LGO ... dd 2.07 +0.06 ... 266.58 180.75 Marriott MAR 1.0 26 262.12 –3.48 .63
8.73 4.80 HimaxTechs HIMX 4.5 14 6.16 –0.07 .29 84.89 45.50 Intra-Cellular ITCI ... dd 75.81 –2.53 ...
42.78 24.85 GermanAmBncp GABC 2.8 14 39.13 –1.40 .27 13.68 2.18 LarimarTherap LRMR ... dd 8.01 +0.25 ... 21.38 15.33 MartenTransport MRTN 1.5 38 15.78 –0.45 .06
271.08 147.01 HinghamSvg HIFS 1.0 24 252.38 –8.77 .63 676.62 473.89 Intuit INTU .7 58 609.27 –4.02 1.04
5.34 1.64 Geron GERN ... dd 4.06 –0.03 ... 7.33 2.06 Latham SWIM ... 65 6.52 –0.65 ... 4.13 2.04 MartinMidstream MMLP .5 37 4.00 +0.02.005
84.67 64.02 Hologic HOLX ... 28 80.83 –0.74 ... 13.25 2.09 IntuitiveMachinesA LUNR ... dd 7.99 –0.25 ...
87.40 59.66 GibraltarInds ROCK ... 17 65.33 –2.28 ... 85.76 46.07 MarvellTech MRVL .3 dd 81.61 +1.76 .06
48.96 33.00 HomeBancorp HBCP 2.3 10 45.55 +0.65 .26 523.34 254.85 IntuitiveSurgical ISRG ... 82 511.27 –9.88 ... 85.69 40.65 LatticeSemi LSCC ... 40 54.34 +1.03 ...
45.18 7.94 GigaCloudTech GCT ... 9 24.17 –2.23 ... 10.03 9.66 LaunchOneAcqnA LPAA ... ... 9.97 ... ... 153.93 75.36 Masimo MASI ... 95 139.33 –5.33 ...
16.10 4.20 HomeStreet HMST 2.8 dd 14.08 –0.97 .10 4.75 1.53 Inventiva IVA ... dd 2.66 +0.03 ...
9.95 9.89 GigCapital7A GIG ... ... 9.93 –0.01 ... 24.05 16.12 MasterCraftBoat MCFT ... 38 16.72 –0.76 ...
36.79 20.22 HomeTrustBcshs HTBI 1.5 10 33.05 –1.30 .12 26.16 25.07 InvscBS32HYCpBd BSJW 7.5 ... 25.37 –0.39.1435 17.60 12.45 LaureateEduc LAUR .0 12 15.30 –0.53 .70
er s
6.80 4.04 GilatSatellite GILT ... 14 4.92 –0.13 ... 42.43 27.66 MatchGroup MTCH ... 16 37.21 –1.22 ...
4.89 1.07 Honest HNST ... dd 3.58 –0.21 ... 21.03 9.07 Investar ISTR 2.0 11 20.50 +0.08 .105 9.00 3.42 Lavoro LVRO ... dd 4.00 –0.33 ...
89.74 62.07 GileadSciences GILD 3.5 cc 89.00 +2.28 .77 6.93 4.70 Materialise MTLS ... 30 5.96 +0.56 ...
222.98 175.35 Honeywell HON 2.2 24 208.00 –14.02 1.13 12.37 10.86 InvestcorpAIA IVCA ... 38 11.60 ... ... 13.76 1.19 LeadRealEstate LRE ... 7 1.63 +0.01 ...
13.90 8.61 MatrixService MTRX ... dd 11.44 –0.25 ...
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
78.53 40.19 GitLab GTLB ... dd 55.12 –0.22 ... 27.15 13.09 HookerFurnishings HOFT 5.8 cc 15.82 –0.69 .23 9.99 0.24 LeddarTech LDTC ... dd .27 –0.01 ...
3.96 2.98 InvestcpCredit ICMB15.8 dd 3.04 –0.12 .12
25.29 18.56 GladstoneCap GLAD 8.2 7 24.18 –0.73 .165 20.48 15.87 Mattel MAT ... 12 19.00 –0.06 ...
13.59 8.47 HopeBancorp HOPE 4.5 14 12.47 –0.77 .14
16.61 11.40 GladstoneComm GOOD 7.5 dd 15.95 –0.56 .10 16.64 9.22
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HorizonBancorp HBNC 4.0 34 15.91 +0.23 .16
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ITIC .8
44
17
12.07
232.30
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19.63
29.31
7.56
17.67
LeeEnterprises
LegacyHousing
LEE ...
LEGH ...
dd
12
16.51
25.20
+2.17 ...
–2.05 ...
4.99 1.73 Matterport MTTR ... dd 4.57 –0.23 ...
14.96 12.46 GladstoneInvt GAIN 6.8 7 14.03 –0.19 .08 39.12 21.09 MatthewsIntl MATW 4.2 27 22.82 +0.08 .24
11.25 10.60 HorizonSpaceI HSPO ... 33 11.25 +0.05 ... 5.20 0.81 Invivyd IVVD ... dd .97 +0.01 ... 13.74 5.33 LegalZoom LZ ... 64 6.91 –0.07 ...
15.36 12.31 GladstoneLand LAND 4.2 dd 13.20 –0.30.0467 5.55 2.84 MaxCyte MXCT ... dd 3.57 –0.20 ...
13.73 9.97 HorizonTechFin HRZN13.1 dd 10.07 –0.12 .11 54.44 35.95 IonisPharm IONS ... dd 39.19 –0.49 ... 70.13 38.60 LegendBiotech LEGN ... dd 44.74 +1.87 ...
0.24 0.01 GlbBlockchainRt GBBKR ... ... .06 –0.01 ... 779.99 4.98 MaxeonSolar MAXN ... dd 5.71 –0.14 ...
21.31 14.92 HostHotels HST 4.6 17 17.58 –0.19 .20 18.33 3.47 IovanceBiotherap IOVA ... dd 10.67 +0.43 ... 93.32 44.27 LeMaitreVascular LMAT .7 51 85.64 –4.24 .16
42.88 27.30 Global-EOnline GLBE ... dd 37.95 –0.16 ... 26.59 11.08 MaxLinear MXL ... dd 14.85 +0.70 ...
9.40 0.43 HubCyberSecurity HUBC ... dd .50 –0.01 ... 5.80 1.92 iQIYI IQ ... 11 2.55 +0.13 ... 62.49 10.41 LendingTree TREE ... dd 53.37 –6.75 ...
10.57 10.04 GlobalLightsAcqn GLAC ... dd 10.57 +0.06 ... 130.86 95.50 McGrathRent MGRC 1.7 24 114.17 +5.66 .475
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48.39 31.73 HubGroup HUBG 1.2 23 43.35 –0.92 .125 52.45 38.99 iRadimed IRMD 1.2 34 50.39 –1.42 .15 30.98 17.97 LeonardoDRS DRS ... 40 28.25 –0.47 ...
17.43 10.65 GlobalStarAcqn GLSTU ... ... 11.36 +0.01 ... 10.14 6.34 MedallionFinl MFIN 4.4 5 9.07 ... .10
19.70 13.38 HudsonGlobal HSON ... dd 15.13 –0.37 ... 124.12 55.92 iRhythmTechs IRTC ... dd 75.68 +13.01 ... 5.44 3.00 LesakaTech LSAK ... dd 5.31 +0.23 ...
12.67 10.41 GlobalStarA GLST ... dd 11.24 –0.29 ... 2.16 1.12 MediciNova MNOV ... dd 1.66 –0.15 ...
1.20 0.43 HuizeHolding HUIZ ... 14 .83 –0.01 ... 41.66 24.14 IridiumComm IRDM 1.9 31 29.03 –2.57 .14 8.21 2.42 Leslie's LESL ... cc 2.82 +0.16 ...
0.20 0.02 GlobalStarRt GLSTR ... ... .12 –0.01 ... 24.00 7.45 MediWound MDWD ... dd 17.48 –0.10 ...
9.97 1.96 Humacyte HUMA ... dd 5.59 +0.56 ... 15.75 2.79 IrisEnergy IREN ... ... 9.25 –0.24 ... 22.33 7.86 LexeoTherap LXEO ... dd 9.50 –1.62 ...
13.42 9.60 GlobalWaterRscs GWRS 2.4 48 12.17 –1.07.0251 459.77 239.00 Medpace MEDP ... 29 330.22 –26.18 ...
219.51 153.12 JBHunt JBHT 1.0 32 174.83 –2.04 .43 42.14 5.83 iRobot IRBT ... dd 8.18 +0.23 ... 3.73 0.92 LexiconPharm LXRX ... dd 1.80 –0.28 ...
62.61 37.94 GlobalFoundries GFS ... 28 40.40 –0.03 ... 2.81 0.60 MeihuaIntlMed MHUA ... 2 .68 –0.37 ...
16.04 9.35 HuntingtonBcshs HBAN 4.0 15 15.38 +0.02 .155 11.11 9.97 IronHorseAcqns IROH ... cc 10.24 +0.03 ... 4.70 1.56 LexinFintech LX 3.9 5 3.12 +0.17 .072
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
3.53 0.14 GlycoMimetics GLYC ... dd .17 +0.01 ... 7.60 3.62 MeiraGTx MGTX ... dd 5.86 –0.28 ...
28.20 14.83 Hurco HURC .0 dd 20.84 +0.10 .16 0.30 0.11 IronHorseAcqnsRt IROHR ... ... .30 +0.12 ... 46.44 17.44 LiAuto LI ... 22 28.79 +3.54 ...
11.23 6.17 Gogo GOGO ... 14 7.17 +0.17 ... 10.04 9.95 MelarAcqnIA MACI ... ... 10.04 +0.06 ...
115.65 84.26 HuronConsulting HURN ... 24 103.48 –4.55 ... 15.70 3.79 IronwoodPharm IRWD ... 92 3.96 –0.44 ... 87.49 47.17 LibertyBroadbandA LBRDA ... 15 81.42 +2.19 ...
9.56 4.78 MelcoResorts MLCO ... dd 6.73 –0.40 ...
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2.78 0.44 Gogoro GGR ... dd .47 –0.11 ... 21.10 6.18 Hut8 HUT ... 14 14.90 +0.43 ... 87.54 46.46 LibertyBroadbandC LBRDK ... 15 81.89 +2.19 ...
11.24 10.58 IsraelAcqns ISRL ... 41 11.24 +0.04 ... 2161.73 1188.40 MercadoLibre MELI ... 74 2047.35 –32.44 ...
39.40 19.94 GolarLNG GLNG 2.7 36 37.55 –0.22 .25 1.45 0.76 Hyperfine HYPR ... dd .99 –0.01 ... 21.56 15.01 LibertyGlobalA LBTYA ... dd 20.80 –0.13 ...
18.75 8.55 iTeosTherap ITOS ... dd 8.72 –0.71 ... 51.21 30.59 MercantileBank MBWM 3.4 9 42.64 –2.76 .36
42.14 27.42 GoldenEnt GDEN 3.3 3 30.48 –0.39 .25
I 113.07 56.11 Itron ITRI ... 25 102.89 –1.30 ... 21.90 15.47 LibertyGlobalB LBTYB ... dd 20.60 –1.00 ... 11.20 5.33 MercerIntl MERC 4.6 dd 6.53 –0.17 .075
15.77 7.09 GoldenOcean GOGL 9.2 10 10.85 –0.43 .30 22.14 16.03 LibertyGlobalC LBTYK ... dd 21.43 –0.29 ...
58.29 41.39 IAC 30.00 24.01 IturanLocation ITRN 5.1 11 27.51 –0.24 .39
F
12.90 8.80 GoldenStarAcqn GODN ... 45 11.31 +0.10 ... IAC ... dd 51.15 –2.70 ... 42.72 25.31 MercurySystems MRCY ... dd 33.42 –1.08 ...
0.59 0.06 IB Acqn Rt IBACR ... ... .07 ... ... J 10.82 5.90 LibertyLatAmA LILA ... dd 9.95 –0.19 ... 14.24 8.26 Meridian MRBK 3.8 14 13.19 +0.20 .125
0.52 0.14 GoldenStarAcqnRt GODNR ... ... .36 +0.01 ... 10.93 5.95 LibertyLatAmC LILAK ... dd 9.81 –0.20 ...
17.72 14.02 GolubCapital GBDC10.2 9 15.28 –0.16 .05 20.56 13.00 IBEX IBEX ... 10 18.02 –0.56 ... 36.84 16.05 JakksPacific JAKK ... 9 26.20 +0.20 ... 101.60 63.13 MeritMedical MMSI ... 48 96.00 –0.48 ...
178.18 115.67 ICF Intl ICFI .3 32 168.11 –5.14 .14 75.50 55.25 LibertyFormOne A FWONA ... 74 73.48 –0.84 ... 6.28 1.07 MersanaTherap MRSN ... dd 1.90 –0.20 ...
9.26 4.14 GoodRx GDRX ... dd 6.21 –0.70 ... 176.38 133.23 J&JSnackFoods JJSF 1.9 37 164.96 –3.62 .78 56.37 29.48 LibertyLiveA LLYVA ... dd 55.76 +2.34 ...
15.24 7.27 Goodyear GT ... dd 8.24 –0.44 ... 188.53 78.28 ICU Medical ICUI ... dd 175.56 –5.38 ... 47.82 20.82 JD.com JD 1.9 15 39.90 –0.08 .76 61.61 19.81 Merus MRUS ... dd 53.06 +0.37 ...
47.74 25.22 IDEAYA Bio IDYA ... dd 29.30 –1.24 ... 82.23 61.23 LibertyFormOne C FWONK ... 79 79.15 –1.13 ... 141.17 82.86 MesaLabs MLAB .6 dd 113.04 –22.87 .16
109.95 50.47 GooseheadIns GSHD ... cc 108.59 +12.13 ... 29.95 0.30 J-Long JL .0 cc .42 ... .19 58.04 30.20 LibertyLiveC LLYVK ... dd 57.25 +2.03 ...
3.80 1.16 GoPro GPRO ... dd 1.30 –0.01 ... 583.39 372.50 IdexxLab IDXX ... 45 451.41 –6.33 ... 43.20 27.88 Joyy YY ... 9 34.12 +0.59 ... 11.05 1.61 Mesoblast MESO ... dd 8.58 –1.38 ...
234.81 59.75 IES Holdings IESC ... 23 207.99 –20.87 ... 46.12 26.00 Life360 LIF ... dd 42.82 –1.28 ... 602.95 292.97 MetaPlatforms META .3 29 573.25 –3.22 .50
11.14 10.41 GoresIX A GHIX ... dd 10.58 ... ... 186.93 136.57 JackHenry JKHY 1.2 35 182.44 –3.68 .55
22.50 3.81 IGM Biosci IGMS ... dd 16.84 +0.12 ... 8.90 3.68 LifecoreBiomed LFCR ... 92 5.50 +0.28 ... 12.74 1.85 Metagenomi MGX ... dd 2.00 +0.04 ...
1.60 0.46 GossamerBio GOSS ... dd .94 –0.02 ... 86.20 40.84 JackintheBox JACK 3.8 dd 46.77 +0.99 .44
2.54 0.99 I-Mab IMAB ... dd 1.18 –0.30 ... 12.88 4.10 LifeMD LFMD ... dd 4.29 –0.39 ... 11.69 10.88 MetalSkyStar MSSA ... 48 11.66 –0.03 ...
4.32 2.90 Grab GRAB ... dd 4.07 +0.34 ... 15.02 6.12 JamesRiver JRVR 3.1 dd 6.54 –0.63 .05
2.48 0.22 IN8bio INAB ... dd .31 +0.04 ... 9.20 4.64 LifeStanceHealth LFST ... dd 6.85 –0.22 ... 56.43 36.13 Methanex MEOH 1.8 19 40.56 +0.03 .185
157.53 115.31 GrandCanyonEduc LOPE ... 18 133.13 +0.99 ... 21.41 14.68 JamfHolding JAMF ... dd 16.77 +0.24 ...
2.10 0.73 IO Biotech IOBT ... dd 1.21 –0.03 ... 11.68 5.10 LifetimeBrands LCUT 3.1 dd 5.40 –0.90.0425 32.87 19.45 MetroCityBkshs MCBS 3.1 13 29.67 –2.08 .23
14.00 1.87 GraphjetTech GTI ... cc 2.17 –0.13 ... 65.60 5.65 JanuxTherap JANX ... dd 53.41 +3.38 ...
111.11 61.86 IPG Photonics IPGP ... 25 76.82 +1.23 ... 28.61 9.06 LifewayFoods LWAY ... 29 26.30 –0.10 ... 100.57 68.75 MicrochipTech MCHP 2.4 30 76.29 –1.05.454
11.82 8.38 GreatElmCap GECC14.0 7 10.03 –0.11 .35 134.48 99.06 JazzPharm JAZZ ... 20 109.55 –5.49 ...
25.51 17.54 i3Verticals IIIV ... dd 22.86 –0.02 ... 113.37 49.24 LigandPharm LGND ... 48 111.82 +5.43 ... 157.54 64.88 MicronTech MU .4 cc 107.91 –3.24 .115
2.12 1.59 GreatElm GEG ... dd 1.72 –0.13 ... 8.07 3.42 JetBlue JBLU ... dd 7.18 –0.87 ...
22.59 9.72 IcahnEnterprises IEP 26.1 dd 15.33 +0.41 1.00 115.00 72.11 Light&Wonder LNW ... 29 95.13 +1.80 ... 468.35 328.40 Microsoft MSFT .8 36 428.15 +9.99 .83
12.31 6.12 GreatLakesDredge GLDD ... 18 11.71 –0.40 ... 48.81 21.38 JFrog FROG ... dd 29.28 –1.45 ...
n-
46.43 22.26 Ichor ICHR ... dd 27.54 –0.97 ... 1.41 0.13 Lilium LILM ... dd .15 –0.34 ... 245.57 39.82 MicroStrategy MSTR ... dd 234.34 +18.48 ...
65.90 48.13 GreatSouthernBncp GSBC 2.8 11 56.89 –1.51 .40 8.58 4.00 Jiayin JFIN 12.7 2 6.91 –0.27 .50
4.01 1.03 iClickInteract ICLK ... dd 3.20 –0.04 ... 28.27 13.99 Limoneira LMNR 1.2 88 25.95 –1.94 .075 2.98 0.83 MicroVision MVIS ... dd 1.07 –0.05 ...
31.92 10.74 GreenPlains GPRE ... dd 11.49 –0.15 ... 55.30 32.13 JohnsonOutdoors JOUT 4.1 dd 32.16 –2.45 .33
347.72 220.01 Icon ICLR ... 25 220.47 –77.25 ... 14.52 8.34 LincolnEduc LINC ... 48 12.42 –0.48 ... 32.00 18.65 MidPennBancorp MPB 2.6 11 31.09 –0.16 .20
9.26 1.62 GreenidgeGen GREE ... dd 2.25 –0.34 ... K
3.12 0.81 iHeartMedia IHRT ... dd 1.80 –0.08 ... 261.13 168.80 LincolnElectric LECO 1.5 22 193.71 –9.39 .75 16.36 12.26 MidCapFin MFIC 11.3 8 13.49 +0.14 .38
14.31 10.49 GreenlightCapRe GLRE ... 7 13.23 –0.65 ...
4.63 1.02 IkenaOncology IKNA ... dd 1.72 +0.01 ... 896.32 452.03 KLA KLAC .9 33 673.07 –5.45 1.45 487.49 367.86 Linde LIN 1.2 36 473.76 –12.69 1.39 161.01 109.59 Middleby MIDD ... 19 137.65 –2.05 ...
12.15 5.30 Grifols GRFS ... 35 8.73 +0.08 ...
151.40 86.49 Illumina ILMN ... dd 141.95 –4.12 ... 12.13 4.18 KLX Energy KLXE ... dd 4.51 –0.23 ... 89.85 73.16 Lineage LINE 2.0 ... 76.24 –1.31 .38 73.47 45.42 MiddlesexWater MSEX 2.1 31 63.35 –2.28 .325
no
.
5.94 1.41 PetcoHealth WOOF ... dd 4.46 –0.47 ...
58.09 17.76 Napco Security NSSC 1.3 29 38.60 –2.98 .125 114.50 65.04 Okta OKTA ... dd 72.24 –2.58 ... 22.70 9.03 RamacoRscsA METC ... 10 10.21 –0.43 ... 29.98 19.87 SeacoastBkgFL SBCF 2.7 19 26.33 –1.50 .18
31.06 15.09 PetIQ PETQ ... cc 30.98 +0.05 ...
50.84 32.50 NBT Bancorp NBTB 3.1 17 43.58 –2.13 .34
ly
2.98 1.19 Olaplex OLPX ... 28 2.02 –0.06 ... 9.58 2.90 PetMedExpress PETS ... dd 3.87 –0.11 ... 17.90 9.42 RamacoRscsB METCB 8.8 10 10.22 –0.57.2246 115.32 66.79 Seagate STX 2.8 27 103.01 –9.11 .72
270.73 149.54 NICE NICE ... 29 174.33 –5.38 ... 227.80 165.49 OldDomFreight ODFL .5 35 197.79 –1.75 .26 76.38 37.42 Rambus RMBS ... 21 43.50 +2.32 ... 9.76 5.40 SecureWorks SCWX ... dd 8.37 –0.10 ...
13.20 6.65 Pharming PHAR ... dd 8.70 –0.46 ...
17.76 6.60 NIP NIPG ... ... 7.08 –0.02 ... 7.55 4.37 OldMarketCap OMCC ... dd 5.92 –0.26 ... 8.75 1.82 RaniTherap RANI ... dd 2.34 –0.34 ... 9.95 6.19 SecurityNatFin SNFCA ... 11 9.74 –0.05 ...
33.00 15.00 Pharvaris PHVS ... dd 21.71 +0.51 ...
42.49 26.41 NMI Holdings NMIH ... 9 38.59 –1.83 ... 20.43 13.33 OldNatlBncp ONB 3.0 11 18.71 –0.81 .14 61.88 32.95 Rapid7 RPD ... dd 38.91 –0.89 ... 2.30 1.46 Seer SEER ... dd 1.87 –0.06 ...
19.71 6.07 PhathomPharm PHAT ... dd 16.05 –0.03 ...
5.40 1.70 NN NNBR ... dd 3.92 –0.24 ... 17.46 13.00 Old2ndBcp OSBC 1.5 9 16.35 –0.78 .06 29.74 16.55 RapportTherap RAPP ... ... 24.22 –1.73 ... 109.58 81.00 SelectiveIns SIGI 1.7 25 91.37 –7.31 .38
49.17 36.50 Phenixfin PFX .0 5 48.25 +0.42 1.31
28.75 21.54 NV5Global NVEE ... 43 21.88 –1.64 ...
on
17.79 8.51 OlemaPharm OLMA ... dd 11.55 –0.88 ... 25.11 9.40 PhibroAnimal PAHC 2.0 cc 23.43 –0.64 .12 2.60 0.21 RealGoodFood RGF ... ... .32 –0.05 ... 49.53 13.13 Semtech SMTC ... dd 45.47 +1.59 ...
296.08 167.21 NXP Semicon NXPI 1.7 23 243.16 +9.711.014 104.98 68.05 Ollie'sBargain OLLI ... 28 90.71 –4.00 ... 4.64 1.26 RealReal REAL ... dd 2.93 –0.12 ... 65.50 43.89 SenecaFoods A SENEA ... 9 61.61 –1.97 ...
39.08 30.62 PhillipsEdison PECO 3.4 77 36.31 –1.02.1025
10.88 10.20 NaborsEnerIIA NETD ... 27 10.66 ... ... 73.49 34.81 OlympicSteel ZEUS 1.6 12 36.59 –2.61 .15 15.74 4.97 RecursionPharm RXRX ... dd 6.48 –0.46 ... 64.42 45.00 SenecaFoods B SENEB ... 9 64.40 +0.49 ...
34.16 18.03 Photronics PLAB ... 10 23.60 –0.14 ...
4.75 0.27 NanoLabs NA ... ... .61 –0.01 ... 85.92 43.86 OmegaFlex OFLX 2.8 26 48.56 –1.80 .34 58.00 42.78 RedRiverBcshs RRBI .7 11 51.15 –1.15 .09 1.94 0.38 SenseiBiotherap SNSE ... dd .56 +0.15 ...
49.07 24.32 Pilgrim'sPride PPC ... 15 46.21 +0.82 ...
14.28 4.89 NanoXImaging NNOX ... dd 5.78 –0.34 ... 6.30 0.89 OmegaTherap OMGA ... dd 1.39 +0.33 ... 12.80 2.97 RedRobin RRGB ... dd 5.85 –0.59 ... 2.19 1.08 SenstarTech SNT ... 28 1.49 –0.04 ...
107.13 60.19 PinnacleFinPtrs PNFP .9 19 100.76 –4.86 .22
8.96 4.14 Nanobiotix NBTX ... dd 4.59 –0.14 ... 5.68 1.05 Omeros OMER ... dd 4.19 +0.04 ... 63.29 37.82 RedRockResorts RRR 1.9 22 52.60 +0.34 .25 25.62 18.00 Septerna SEPN ... ... 21.40 +3.40 ...
1.27 0.71 PintecTech PT ... dd 1.00 ... ...
75.68 47.56 Nasdaq NDAQ 1.3 45 74.69 –0.22 .24 6.72 3.56 OmniAb OABI ... dd 3.75 –0.33 ... 15.29 4.26 Redfin RDFN ... dd 9.99 –1.24 ... 12.36 1.65 SeraPrognostics SERA ... dd 6.96 –0.71 ...
us ,
3.08 0.61 Pixelworks PXLW ... dd .75 –0.09 ...
133.54 36.90 Natera NTRA ... dd 117.67 –4.73 ... 45.84 25.12 Omnicell OMCL ... dd 39.50 –1.60 ... 75.26 56.51 RegencyCtrs REG 3.8 34 71.01 –1.56 .67 2.05 0.54 SeresTherap MCRB ... dd .70 –0.14 ...
19.17 14.46 PlainsAllAmPipe PAA 7.5 15 16.93 –0.34.3175
89.10 63.01 Nathan's NATH 2.4 16 83.35 –4.04 .50
l
11.42 7.04 1-800-FLOWERS FLWS ... dd 7.89 –0.48 ... 20.10 14.93 PlainsGP PAGP 7.1 22 17.92 –0.49.3175 1211.20 769.19 RegenPharm REGN ... 25 933.02 –57.66 ... 8.72 3.44 ServiceProperties SVC 1.1 dd 3.62 +0.15 .01
53.58 42.85 NationalBeverage FIZZ .0 23 45.34 –0.57 3.25 4.47 3.12 180DegreeCap TURN ... dd 3.36 +0.12 ... 35.50 3.87 Regis RGS ... 1 23.79 –2.61 ... 3.75 1.41 17Educ&Tech YQ ... dd 2.14 –0.40 ...
e
9.85 6.91 PlayaHotels PLYA ... 20 8.70 –0.04 ...
al a
7.25 3.52 NatlCineMedia NCMI ... 3 7.11 +0.11 ... 2.49 0.55 111 YI ... dd .75 –0.06 ... 12.14 5.70 RelayTherap RLAY ... dd 6.02 –0.71 ... 11.76 1.07 ShattuckLabs STTK ... dd 1.31 –0.04 ...
3.04 1.39 Playstudios MYPS ... dd 1.40 –0.01 ...
43.98 17.78 NatlResearch NRC 2.7 15 17.96 –1.99 .12 6.30 3.81 1stdibs.com DIBS ... dd 4.19 –0.36 ... 7.22 1.88 RelmadaTherap RLMD ... dd 3.62 +0.01 ... 25.51 11.87 ShenandoahTel SHEN .7 dd 14.97 +0.96 .10
9.23 6.25 Playtika PLTK 5.2 13 7.63 +0.07 .10
24.11 9.56 NationalVision EYE ... dd 9.79 –0.06 ... 35.17 24.50 OneStream OS ... dd 31.70 +2.75 ... 27.62 11.60 RemitlyGlobal RELY ... dd 14.77 –0.22 ... 7.99 1.47 Shimmick SHIM ... dd 1.91 –0.39 ...
153.60 90.18 Plexus PLXS ... 35 141.19 +3.01 ...
7.37 4.13 NaturalAlt NAII ... dd 4.80 +0.29 ... 35.86 20.00 OneWaterMarine ONEW ... dd 21.26 –2.18 ... 7.79 5.26 ReNewEnergy RNW ... cc 6.03 –0.04 ...
ci on
19.62 10.22 PliantTherap PLRX ... dd 14.15 –1.05 ... 17.50 4.85 ShoalsTech SHLS ... 38 5.19 +0.14 ...
11.40 0.13 Nature'sMiracle NMHI ... dd .15 –0.02 ... 82.90 9.80 OnKureTherap OKUR ... dd 17.03 –1.48 ... 41.81 4.46 RenttheRunway RENT ... dd 9.95 –0.62 ... 46.92 21.18 ShoeCarnival SCVL 1.5 12 35.03 –4.70 .135
2.65 0.61 PolestarAuto PSNY ... dd 1.33 +0.05 ...
3.45 2.19 NautilusBiotech NAUT ... dd 2.69 –0.26 ... 8.70 4.57 OpenLending LPRO ... cc 5.35 –0.36 ... 8.49 2.71 RepareTherap RPTX ... dd 3.48 +0.05 ... 14.99 10.05 ShoreBancshares SHBI 3.3 20 14.34 –0.20 .12
11.99 7.52 PonceFinl PDLB ... 29 11.14 –0.65 ...
19.68 13.96 Navient NAVI 4.2 11 15.11 –0.62 .16 45.47 27.50 OpenText OTEX 3.2 19 33.28 –0.75.2625 211.13 110.45 Repligen RGEN ... dd 135.45 –11.50 ... 17.56 9.81 Shyft SHYF 1.6 dd 12.25 –0.59 .05
422.73 293.51 Pool POOL 1.3 31 366.00 –4.41 1.20
8.44 2.14 NavitasSemi NVTS ... dd 2.55 –0.01 ... 4.89 1.58 OpendoorTech OPEN ... dd 1.75 –0.11 ... 15.18 4.92 Replimune REPL ... dd 11.73 +0.20 ... 31.85 16.75 SierraBancorp BSRR 3.4 11 27.99 –1.76 .24
105.01 64.21 Popular BPOP 2.8 12 88.46 –12.36 .62
30.99 18.46 Nayax NYAX ... dd 26.67 ... ... 17.31 10.11 Opera OPRA 4.7 8 16.48 +0.90 .40 70.00 43.05 RepublicBcpKYA RBCAA 2.4 14 67.03 –2.07 .407 8.45 1.04 SightSciences SGHT ... dd 5.20 –0.77 ...
16.98 8.66 Portillo's PTLO ... 34 12.89 +0.51 ...
38.48 27.27 nCino NCNO ... dd 37.83 +1.25 ... 6.36 2.05 OportunFin OPRT ... dd 2.63 –0.02 ... 9.21 5.26 ReservoirMedia RSVR ... ... 8.55 –0.30 ... 27.72 6.51 SilenceTherap SLN ... dd 18.08 +0.09 ...
20.84 16.27 PortmanRidge PTMN15.0 14 18.35 ... .69
20.89 11.46 Neogen NEOG ... dd 13.81 –0.69 ... 5.45 1.60 Opthea OPT ... dd 4.17 –0.82 ... 14.63 8.13 ResourcesConnect RGP 6.9 23 8.15 –0.32 .14 13.56 0.27 SilexionTherap SLXN ... dd .31 –0.06 ...
4.27 1.83 PoseidaTherap PSTX ... dd 2.41 –0.04 ...
er s
17.30 7.50 NerdWallet NRDS ... dd 11.33 –0.96 ... 3.53 2.29 OpticalCable OCC ... dd 2.37 –0.14 ... 16.27 10.99 RetailOppor ROIC 3.8 34 15.63 –0.53 .15 19.04 11.35 Silicom SILC ... dd 12.93 –0.85 ...
14.36 6.28 Potbelly PBPB ... 7 7.78 –0.69 ...
135.01 70.82 NetApp NTAP 1.7 23 119.41 –7.12 .52 2.10 0.65 Optinose OPTN ... dd .77 –0.03 ... 9.74 2.30 RevanceTherap RVNC ... dd 4.70 –0.59 ... 154.91 74.56 SiliconLabs SLAB ... dd 113.69 –2.92 ...
50.04 37.06 PotlatchDelt PCH 4.3 92 42.21 –1.76 .45
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
118.90 75.85 NetEase NTES 3.1 13 79.74 –2.68 .435 34.63 26.11 OptionCare OPCH ... 25 29.45 –2.19 ... 51.00 18.00 RevolutionMed RVMD ... dd 46.42 –4.01 ... 85.87 52.21 SiliconMotion SIMO 3.5 24 56.06 +0.12 .50
284.45 72.84 PowellIndustries POWL .4 24 254.31 –17.02 .265
773.00 395.62 Netflix NFLX ... 43 754.68 –9.21 ... 8.45 3.92 OraSureTechs OSUR ... 11 4.03 –0.12 ... 32.65 24.85 ReynoldsCnsmr REYN 3.1 17 29.81 –0.41 .23
22.62 10.48 Netgear NTGR ... dd 20.22 –1.30 ... 11.69 4.22
m er
OrchestraBioMed OBIO ... dd 5.66 +0.31 ...
89.68
5.81
56.63
1.64
PowerIntegrations
PowerFleet
POWI 1.3
AIOT ...
84
dd
62.95
5.10
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–0.42 ...
14.50 4.75 RezolveAI RZLV ... dd 5.08 –0.20 ...
21.59
18.13
6.14
13.93
Silvaco
SilvercrestAsset
SVCO ...
SAMG 4.7
...
19
6.64
17.05
–0.25 ...
–0.65 .20
24.42 17.10 NetScout NTCT ... dd 20.64 –0.88 ... 2.91 0.97 OrganiGram OGI ... dd 1.85 +0.07 ... 55.64 21.67 RhythmPharm RYTM ... dd 48.55 –2.30 ... 23.74 14.07 SimmonsFirstNat SFNC 3.7 23 22.99 –0.29 .21
14.47 10.84 PowerUpAcqn PWUP ... dd 11.69 –0.03 ...
21.00 8.33 NeumoraTherap NMRA ... dd 12.27 –4.22 ... 16.65 5.85 OricPharm ORIC ... dd 8.15 –1.30 ... 3.95 1.82 RibbonComms RBBN ... dd 3.70 +0.29 ... 51.22 29.37 SimulationsPlus SLP .8 63 30.68 –3.47 .06
75.73 13.01 PraxisPrecision PRAX ... dd 71.54 –1.66 ...
157.98 103.63 Neurocrine NBIX ... 35 116.08 –1.93 ... 17.67 9.57 OrthofixMed OFIX ... dd 15.88 –0.17 ... 14.30 8.08 RichardsonElec RELL 1.7 dd 14.01 +0.45 .06 17.98 9.91 Sinclair SBGI 6.1 dd 16.40 –0.79 .25
1.93 0.82 Precigen PGEN ... dd .85 –0.10 ...
55.21 12.49 Neurogene NGNE ... dd 48.37 –6.03 ... 36.23 23.19 OrthoPediatrics KIDS ... dd 25.69 –1.87 ... 17.30 7.22 RigelPharm RIGL ... dd 14.16 –0.95 ... 57.80 22.18 SiriusXM SIRI 4.0 8 26.40 –1.21 .27
91.67 58.52 PreferredBkLA PFBC 3.4 8 82.04 –1.29 .70
53.88 18.72 OrukaTherap ORKA .0 dd 27.99 –1.77 1.59 3.44 1.55 RiminiStreet RMNI ... 9 1.72 –0.07 ...
m rp
5.07 0.66 Neuronetics STIM ... dd .99 +0.02 ... 188.98 72.39 SiTime SITM ... dd 178.93 +3.96 ...
141.66 104.96 PreformedLine PLPC .6 15 124.46 –0.74 .20
18.15 5.45 NeuroPace NPCE ... dd 6.35 –0.12 ... 100.84 69.49 OtterTail OTTR 2.4 11 78.85 +0.29.4675 6.57 3.30 RiverviewBncp RVSB 1.7 52 4.71 –0.04 .02 19.41 1.44 SkyeBioscience SKYE ... dd 5.03 +0.40 ...
6.80 1.50 PreludeTherap PRLD ... dd 1.52 –0.38 ...
40.04 8.20 NewFortressEner NFE 4.6 7 8.64 –0.52 .10 5.30 3.34 Outbrain OB ... dd 4.30 –0.27 ... 24.62 8.26 Rivian RIVN ... dd 10.45 +0.41 ... 48.40 27.56 SkywardSpecIns SKWD ... 15 45.51 –0.60 ...
26.40 16.79 PremierFinl PFC 5.2 12 23.86 –0.94 .31
13.23 11.46 NewMtnFin NMFC 11.1 11 11.55 –0.12 .02 6.37 0.44 OutsetMedical OM ... dd .54 –0.04 ... 7.17 0.80 Roadzen RDZN ... dd .89 –0.01 ... 96.82 38.50 SkyWest SKYW ... 22 94.01 –1.78 ...
23.01 17.95 Premier PINC 4.3 19 19.76 –0.50 .21
14.73 10.49 NewProvidenceII A NPAB ... cc 11.50 –0.67 ... 4.10 0.68 OvidTherap OVID ... dd 1.18 –0.04 ... 27.75 7.91 Robinhood HOOD ... 83 27.06 +0.23 ... 120.86 85.06 Skyworks SWKS 2.9 20 95.20 –3.41 .70
7.84 2.85 Prenetics PRE ... dd 4.66 –0.44 ...
9.67 5.16 NY Mortgage NYMT15.3 dd 5.24 –0.34 .20 5.78 4.41 OxfordLane OXLC20.5 5 5.26 +0.07 .09 32.53 15.98 RocketPharm RCKT ... dd 17.04 –1.78 ... 20.75 8.13 SleepNumber SNBR ... dd 13.50 –1.82 ...
94.82 61.82 PriceSmart PSMT 1.3 22 91.70 –1.26 .58
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
26.35 6.19 NewAmstPharma NAMS ... ... 19.09 –0.17 ... 3.29 2.74 OxfordSquare OXSQ14.5 56 2.90 –0.01 .035 40.14 11.78 RockyBrands RCKY 2.3 14 27.40 –2.37 .155 2.45 1.65 SmartSand SND .0 63 2.11 –0.01 .10
9.86 3.28 PrimeMedicine PRME ... dd 4.03 –0.35 ...
9.24 5.39 NewellBrands NWL 3.2 dd 8.73 +0.86 .07 PQ 5.15 1.50 RockyMtnChoc RMCF ... dd 3.18 +0.93 ... 18.05 11.96 Smith&Wesson SWBI 4.0 18 13.06 –0.61 .13
13.69 8.07 PrimisFinl FRST 3.5 cc 11.35 –0.92 .10
co o
17.24 0.55 NewGenIvf NIVF ... dd .90 –0.30 ... 13.06 8.24 RoivantSciences ROIV ... 2 11.92 ... ... 1.52 0.69 SoYoungIntl SY .0 22 1.00 –0.01 .06
22.88 13.51 PAM Transport PTSI ... cc 16.15 –0.67 ... 39.21 28.44 PrincetonBncp BPRN 3.3 10 36.30 –0.39 .30
16.10 5.38 Newmark NMRK .8 59 15.12 +0.27 .03 108.84 48.33 Roku ROKU ... dd 75.27 –4.80 ... 11.34 6.01 SoFiTech SOFI ... dd 10.99 +0.81 ...
20.22 14.50 PCB Bancorp PCB 3.9 11 18.41 ... .18 91.98 66.71 PrincipalFinl PFG 3.4 16 83.71 –6.75 .72
28.62 20.11 NewsCorp A NWSA .8 56 25.99 –0.34 .10 86.57 7.22 Root ROOT ... dd 37.81 –2.34 ... 17.24 7.80 Sohu.com SOHU ... dd 13.79 –0.67 ...
77.19 51.64 PCConnection CNXN .5 21 69.63 –4.00 .10 24.35 15.92 PriviaHealth PRVA ... cc 17.65 –0.18 ...
29.59 20.85 NewsCorp B NWS .7 60 27.75 –0.15 .10 579.10 474.46 RoperTech ROP .6 40 542.00 –15.62 .75 1.59 0.33 Sol-GelTech SLGL ... dd .65 –0.04 ...
164.69 88.01 PDD PDD ... 13 122.47 –2.15 ... 4.95 1.68 Procaps PROC ... 4 1.85 –0.07 ...
F
15.75 10.07 NewtekOne NEWT 5.7 8 13.27 –0.46 .19 163.60 112.39 RossStores ROST 1.0 23 144.22 –5.68.3675 7.50 3.29 SolarBank SUUN ... dd 3.64 –0.21 ...
39.70 26.12 PDF Solutions PDFS ... dd 28.96 –0.80 ... 21.01 8.26 ProficientAuto PAL ... ... 8.36 –1.07 ...
187.27 135.24 NexstarMedia NXST 4.0 13 170.93 –2.54 1.69 11.93 10.55 RothCHAcqnV ROCL ... dd 11.25 +0.01 ... 103.15 14.82 SolarEdgeTech SEDG ... dd 16.11 –1.20 ...
27.21 13.50 PENN Entmt PENN ... dd 19.91 +0.92 ... 10.14 5.16 ProFrac ACDC ... dd 5.91 –0.33 ...
2.57 1.00 NextCure NXTC ... dd 1.39 +0.02 ... 155.10 100.55 RoyalGold RGLD 1.1 41 150.34 –2.31 .40 15.88 0.60 SolarmaxTech SMXT ... dd .92 +0.06 ...
1.55 0.43 PLBY Group PLBY ... dd .78 +0.05 ... 67.90 48.00 ProgressSoftware PRGS 1.1 35 64.90 –1.01 .175
62.31 30.93 Nextracker NXT ... 9 31.46 –2.06 ... 31.66 25.20 RoyaltyPharma RPRX 3.1 18 26.95 –1.03 .21 15.05 1.81 SolidBiosci SLDB ... dd 5.71 –0.89 ...
3.47 1.18 PMV Pharm PMVP ... dd 1.66 +0.08 ... 42.08 13.93 Progyny PGNY ... 25 15.45 –1.40 ...
8.69 3.19 NexxenIntl NEXN ... dd 7.94 –0.23 ... 56.64 34.77 RushEnt A RUSHA 1.3 14 53.51 +1.38 .18 2.35 1.10 SolidPower SLDP ... dd 1.23 –0.04 ...
31.43 11.85 PRA Group PRAA ... cc 18.84 –2.46 ... 6.30 4.69 ProspectCapital PSEC13.6 23 5.31 +0.01 .06
38.40 3.72 Nikola NKLA ... dd 4.42 +0.60 ... 53.35 37.85 RushEnt B RUSHB 1.6 12 46.38 +0.04 .18 13.85 0.27 SolidionTech STI ... dd .36 ... ...
85.81 24.83 ProceptBio PRCT ... dd 68.77 –0.18 ... 48.32 13.75 ProtagonistTherap PTGX ... 18 47.26 +0.29 ...
4.90 1.21 9F JFU ... 18 1.67 –0.13 ... 66.54 20.66 RxSight RXST ... dd 50.38 –0.09 ... 10.50 0.88 Sonder SOND ... dd 2.83 –1.24 ...
194.24 135.03 PTC PTC ... 76 187.01 +2.61 ... 5.24 1.04 ProtaraTherap TARA ... dd 2.26 +0.35 ...
12.51 3.25 908Devices MASS ... dd 3.29 –0.30 ... 60.29 34.87 Ryanair RYAAY 4.1 15 45.06 –0.37.9653
43.40 17.53 PTC Therap PTCT ... dd 40.75 +1.65 ... 41.55 15.30 Prothena PRTA ... dd 15.30 –1.81 ... 19.76 9.78 Sonos SONO ... dd 12.78 –0.21 ...
3.50 1.57 NiuTech NIU ... dd 2.27 –0.13 ... 125.50 80.94 Paccar PCAR 1.1 12 105.90 –4.19 .30 S 7.37 2.70 SophiaGenetics SOPH ... dd 3.60 +0.01 ...
15.63 10.16 ProvidentFin PROV 3.6 15 15.50 +0.16 .14
16.24 1.86 Nkarta NKTX ... dd 3.33 –0.93 ... 10.65 1.16 PacBiosciCA PACB ... dd 1.77 –0.21 ... 45.79 25.12 S&T Bancorp STBA 3.6 11 37.85 –1.70 .34 17.44 10.71 SoteraHealth SHC ... cc 15.39 –0.61 ...
14.55 0.08 PsyenceBiomed PBM ... ... .10 –0.01 ...
5.10 0.20 NKGenBiotech NKGN ... dd .40 ... ... 30.13 18.60 PacificPremBncp PPBI 5.3 dd 25.09 –1.73 .33 258.76 183.64 SBA Comm SBAC 1.6 51 241.79 –5.68 .98 1.76 1.05 SotherlyHotels SOHO ... dd 1.37 +0.12 ...
25.36 10.92 PubMatic PUBM ... 41 14.79 –0.50 ...
15.00 8.13 nLIGHT LASR ... dd 10.33 –0.69 ... 35.95 11.16 PaciraBioSci PCRX ... 13 16.83 –0.66 ... 36.52 5.30 SBCMedical SBC ... dd 7.15 –0.27 ... 10.25 1.51 SoundHoundAI SOUN ... dd 5.18 –0.32 ...
14.84 5.46 Pulmonx LUNG ... dd 6.03 –0.47 ...
0.43 0.09 noco-noco NCNC ... ... .11 +0.01 ... 15.84 8.03 PactivEvergreen PTVE 3.5 28 11.54 –0.56 .10 11.50 2.69 Schmid SHMD ... dd 2.91 –0.38 ... 35.61 24.05 SouthPlainsFin SPFI 1.8 13 33.48 –1.73 .15
7.73 2.23 PumaBiotech PBYI ... 16 2.95 +0.07 ...
3.50 1.06 Noodles NDLS ... dd 1.21 +0.03 ... 3.50 0.40 PalladyneAI PDYN ... dd 2.24 +0.05 ... 3.07 1.26 SCYNEXIS SCYX ... dd 1.47 –0.13 ... 39.36 24.98 SouthernFirstBcsh SFST ... 21 37.04 +0.57 ...
34.00 17.08 PureTechHealth PRTC ... dd 19.99 +0.05 ...
n-
279.38 208.91 Nordson NDSN 1.3 30 248.10 –9.07 .78 384.00 233.81 PaloAltoNtwks PANW ... 51 366.44 –8.39 ... 75.97 52.32 SEI Investments SEIC 1.2 18 75.10 +1.75 .46 61.70 39.00 SoMO Bancorp SMBC 1.6 13 57.16 –3.45 .23
2.33 0.55 PurpleInnovation PRPL ... dd .86 –0.08 ...
88.28 46.32 NortheastBank NBN .0 11 84.75 –1.27 .01 103.40 48.66 Palomar PLMR ... 24 91.72 –5.37 ... 21.70 11.76 SI-BONE SIBN ... dd 12.67 –0.60 ... 34.72 22.13 SouthernStBcsh SSBK 1.2 9 31.07 +0.46 .09
6.85 1.35 PyxisOncology PYXS ... dd 3.66 –0.09 ...
19.63 10.08 NorthernTechsIntl NTIC 2.3 27 12.36 –0.33 .07 78.67 39.90 PapaJohn's PZZA 3.6 24 51.02 –3.54 .46 12.83 4.26 SIGA Tech SIGA .0 6 6.77 –0.15 .60 36.10 25.30 SouthsideBcshs SBSI 4.4 12 32.50 –1.83 .36
82.00 46.10 QCR Holdings QCRH .3 11 78.66 –2.13 .06
104.25 63.43 NorthernTrust NTRS 3.0 12 100.19 +3.79 .75 26.34 13.40 ParamountA PARAA .9 dd 21.75 –0.08 .05 10.04 9.95 SIMAcqnIA SIMA ... ... 9.97 ... ... 11.57 10.07 SparkIAcqnA SPKL ... cc 10.58 +0.05 ...
14.40 0.41 QT Imaging QTI ... dd .71 +0.07 ...
13.48 6.98 NorthfieldBanc NFBK 4.5 18 11.50 –0.95 .13 17.50 9.54 ParamountB PARA 1.9 dd 10.27 –0.18 .05 11.61 10.75 SKGrowthOppsA SKGR ... 52 11.45 +0.01 ... 24.51 17.74 SpartanNash SPTN 4.1 16 21.15 –0.87.2175
53.79 8.24 Q32Bio QTTB ... dd 50.59 +1.81 ...
74.34 39.50 NorthrimBanCorp NRIM 3.8 11 64.56 –6.81 .62 31.95 21.96 Park-Ohio PKOH 1.7 21 28.60 –1.51 .125 23.95 12.79 SLM SLM 2.4 8 21.90 –1.31 .13 1.89 1.00 SperoTherap SPRO ... 4 1.33 +0.05 ...
35.02 13.71 QifuTechnology QFIN 3.3 8 34.82 +1.45 .60
no
0.19 0.03 NorthViewRt NVACR ... ... .06 +0.01 ... 1.79 0.54 PassageBio PASG ... dd .60 +0.02 ... 16.77 13.93 SLR Invt SLRC10.6 8 15.42 +0.18 .41 18.14 13.24 SpokHoldings SPOK 8.4 20 14.89 –0.22.3125
130.99 80.62 Qorvo QRVO ... dd 99.01 –5.49 ...
14.55 10.09 NorthwestBcshs NWBI 6.1 16 13.07 –0.52 .20 75.20 44.87 PathwardFinl CASH .3 10 68.46 –5.62 .05 218.74 151.96 SPS Commerce SPSC ... 89 170.49 –22.33 ... 13.20 8.08 Sportradar SRAD ... cc 12.32 –0.07 ...
230.63 105.84 Qualcomm QCOM 2.0 22 170.27 –0.65 .85
46.48 25.67 NorthwestPipe NWPX ... 17 43.50 –2.00 ... 16.16 10.63 PatriaInvts PAX 8.0 15 11.58 +0.01 .15 2.23 0.07 Srivaru SVMH ... ... .07 ... ... 5.55 1.81 SportsmansWrhs SPWH ... dd 2.42 –0.46 ...
206.35 119.32 Qualys QLYS ... 27 121.12 –2.09 ...
57.48 46.15 NorthWesternEner NWE 4.8 16 54.48 –1.99 .65 12.06 11.00 PatriaLatAm PLAO ... 31 11.61 +0.01 ... 77.02 46.61 SS&C Tech SSNC 1.4 25 70.04 –6.64 .25 11.50 10.72 SpringValleyII A SVII ... 31 11.37 +0.04 ...
6.22 1.41 QuantaSing QSG .0 3 2.68 –0.60 .201
34.50 23.50 NorwoodFin NWFL 4.4 17 27.10 –1.56 .30 148.35 71.41 PatrickIndustries PATK 1.6 19 134.59 –10.44 .55 14.32 3.76 SSR Mining SSRM 4.6 dd 6.15 –0.09 .07 0.20 0.02 SpringValleyII Rt SVIIR ... ... .06 ... ...
29.70 10.50 Quanterix QTRX ... dd 12.47 –0.31 ...
247.21 90.59 Nova NVMI ... 38 184.24 +0.03 ... 6.50 1.39 PatriotNatBncp PNBK ... dd 1.57 +0.05 ... 18.75 15.65 SWK Holdings SWKH ... 16 16.50 –0.44 ... 53.92 18.00 SpringWorks SWTX ... dd 29.31 –1.66 ...
18.00 2.22 Quantum QMCO ... dd 4.96 +0.86 ...
187.12 111.20 Novanta NOVT ... cc 173.02 –5.51 ... 32.58 19.89 Patterson PDCO 5.0 11 20.96 –0.38 .26 25.70 24.77 SWPGrowth&Incm SWP ... ... 25.16 –0.52 ... 120.69 39.76 SproutsFarmers SFM ... 37 119.32 +3.52 ...
2.43 0.73 Quantum-Si QSI ... dd .75 –0.07 ...
23.86 3.53 Novavax NVAX ... dd 9.74 –0.44 ... 13.29 7.45 PattersonUTIEn PTEN 3.9 dd 8.17 +0.19 .08 19.32 12.83 SabraHealthcare SBRA 6.4 84 18.80 +0.12 .30 5.95 0.41 SpruceBio SPRB ... dd .57 +0.05 ...
10.49 10.07 QuettaAcqn QETA ... 55 10.46 –0.03 ...
24.74 10.87 Novocure NVCR ... dd 16.74 –0.47 ... 144.17 106.27 Paychex PAYX 2.8 30 140.33 –1.20 .98 4.68 1.81 Sabre SABR ... dd 3.99 +0.33 ... 47.97 8.43 SpyreTherapeutics SYRE ... dd 34.81 +2.05 ...
2.20 1.00 QuettaAcqnRt QETAR ... ... 1.53 +0.16 ...
3.10 1.40 Novonix NVX ... dd 2.04 ... ... 22.65 10.92 PaycorHCM PYCR ... dd 14.35 –0.01 ... 89.46 71.99 SafetyInsurance SAFT 4.6 23 79.06 –5.20 .90 52.68 26.66 StaarSurgical STAA ... 91 30.39 –0.67 ...
2.27 0.25 Quhuo QH ... dd 1.39 –0.07 ...
79.03 1.40 Nukkleus NUKK ... ... 2.60 +0.47 ... 184.77 129.94 Paylocity PCTY ... 48 173.74 +1.65 ... 27.00 13.91 SagaComm SGA 7.0 14 14.25 –0.23 .25 7.50 3.83 Stagwell STGW ... dd 6.15 –0.71 ...
75.86 29.74 QuidelOrtho QDEL ... dd 38.68 –2.15 ...
27.07 4.27 NurixTherap NRIX ... dd 26.27 +1.22 ... 8.56 4.22 Payoneer PAYO ... 31 8.36 +0.01 ... 28.26 5.84 SageTherap SAGE ... dd 8.01 +0.44 ... 3.04 1.21 StdBioTools LAB ... dd 1.68 –0.22 ...
1.43 0.51 QuinceTherap QNCX ... dd 1.08 +0.28 ...
73.69 34.53 Nutanix NTNX ... dd 61.59 –1.68 ... 82.80 50.25 PayPal PYPL ... 20 81.70 +0.76 ... 20.71 2.13 Sagimet SGMT ... dd 5.59 +0.18 ... 27.47 17.91 StarBulkCarriers SBLK11.0 7 19.35 –1.05 .70
20.91 9.89 QuinStreet QNST ... dd 18.57 –0.63 ...
113.51 49.02 Nuvalent NUVL ... dd 90.70 –12.98 ... 32.28 20.30 PeapackGladFin PGC .6 17 31.38 +1.70 .05 9.15 3.11 QurateRetailB QRTEB ... dd 3.40 –0.26 ... 628.34 341.26 Saia SAIA ... 32 461.65 +24.96 ... 6.53 3.43 StarEquity STRR ... dd 3.75 –0.27 ...
26.15 24.99 NuvPfd&Incm NPFI 5.2 ... 25.97 –0.11.1325 11.48 10.65 PearlHldgsAcqnA PRLH ... cc 11.19 +0.01 ... 12.00 2.75 SanaBiotech SANA ... dd 3.76 –0.47 ... 15.31 10.76 Star STHO ... dd 12.81 –0.35 ...
1.80 0.40 QurateRetailA QRTEA ... dd .54 –0.02 ...
33.78 13.32 Nuvei NVEI 1.2 dd 33.49 –0.06 .10 82.22 40.49 Pegasystems PEGA .1 58 80.03 +6.78 .03 34.19 19.27 SandySpringBncp SASR 4.2 17 32.42 –0.19 .34 107.66 71.55 Starbucks SBUX 2.5 27 97.31 +0.47 .61
144.42 39.23 NVIDIA NVDA .0 66 141.54 +3.54 .01 7.24 2.70 Peloton PTON ... dd 6.28 +0.44 ... R 108.96 89.73 Sanfilippo JBSS .9 18 93.05 –3.16 1.25 28.38 6.59 StardustPower SDST ... dd 7.50 –0.20 ...
20.00 4.00 Nyxoah NYXH ... dd 9.70 +0.17 ... 29.81 13.29 PenguinSolutions PENG ... ... 15.31 –0.38 ... 27.35 1.64 RaptTherap RAPT ... dd 1.89 +0.10 ... 1.78 0.29 SangamoTherap SGMO ... dd 1.50 +0.58 ... 8.84 5.15 StealthGas GASS ... 3 6.07 –0.33 ...
46 BARRON’S October 28, 2024
.
43.15 20.87 Strattec STRT ... 10 39.16 +4.56 ... 10.42 3.32 TriSalusLifeSci TLSI ... dd 4.07 –0.12 ... 9.30 2.26 VinFastAuto VFS ... dd 3.96 +0.13 ... 22.39 15.80 WestBancorp WTBA 4.8 16 20.82 2.41 1.36 Xunlei XNET ... 9 2.04 +0.04 ...
30.66 20.30 StratusProp STRS ... dd 22.25 –2.31 ... 95.46 59.00 TriumphFinl TFIN ... cc 88.34 –1.12 ... 1.94 0.50 ViomiTech VIOT ... dd 1.32 ... ... 58.49 43.82 WestamericaBncp WABC 3.4 9 51.08 –0.72 .44 20.90 4.69 Y-mAbsTherap YMAB ... dd 14.48 +0.03 ...
ly
11.56 1.65 StrongholdDig SDIG ... dd 4.49 –0.30 ... 5.90 1.60 trivago TRVG .0 dd 1.62 –0.07.5628 13.09 7.12 VirBiotech VIR ... dd 7.48 –0.15 ... 81.55 38.08 WesternDigital WDC ... dd 69.45 +2.42 ... 11.00 2.10 YXT.COM YXT ... ... 2.42 +0.12 ...
75.02 26.61 StructureTherap GPCR ... dd 37.59 –1.91 ... 14.43 7.55 TruBridge TBRG ... dd 12.87 +0.31 ... 18.50 5.82 VircoMfg VIRC .7 8 13.87 –0.95 .025 9.25 6.00 WestNewEngBncp WNEB 3.2 17 8.68 –0.19 .07 41.96 33.32 YorkWater YORW 2.4 22 35.55 –2.37.2108
14.17 5.68 SummitStateBk SSBI 2.0 9 7.94 –0.22 .04 4.05 1.76 TrueCar TRUE ... dd 3.74 ... ... 33.55 16.02 VirtuFinancial VIRT 3.1 16 30.97 –2.01 .24 7.86 4.24 WestportFuelSys WPRT ... dd 4.26 –0.15 ... 36.60 13.48 ZaiLab ZLAB ... dd 32.37 +4.88 ...
33.89 1.64 SummitTherap SMMT ... dd 21.26 +0.05 ... 11.82 0.60 TruGolf TRUG ... dd .70 –0.12 ... 131.70 86.77 Visteon VC ... 5 92.88 +1.34 ... 11.21 5.28 WestrockCoffee WEST ... dd 6.80 –0.05 ... 18.50 0.06 ZapataComputing ZPTA ... dd .08 –0.02 ...
17.56 9.22 SunCountryAir SNCY ... 14 12.62 +0.24 ... 79.38 11.75 TrumpMedia&Tech DJT ... dd 38.95 +9.37 ... 31.43 19.41 VitaCoco COCO ... 31 29.43 +0.59 ... 35.45 24.47 WeycoGroup WEYS 3.1 11 33.66 –1.34 .26 380.05 194.59 ZebraTech ZBRA ... 81 360.09 –15.36 ...
on
7.59 3.77 SunOpta STKL ... dd 5.76 –0.26 ... 55.74 19.14 Trupanion TRUP ... dd 53.61 –1.23 ... 48.41 10.65 VitalFarms VITL ... 33 35.37 –4.98 ... 46.64 17.09 Willdan WLDN ... 37 45.34 –0.74 ... 26.25 16.17 ZenasBioPharma ZBIO ... ... 20.40 –0.94 ...
22.26 8.66 SunRun RUN ... dd 14.37 –0.24 ... 36.51 24.79 TrustcoBank TRST 4.4 13 32.49 –1.31 .36 8.80 3.36 VividSeats SEAT ... dd 3.92 –0.22 ... 214.90 41.71 WillisLease WLFC .5 14 184.91 –18.04 1.00 18.24 2.82 ZentalisPharm ZNTL ... dd 2.83 –0.31 ...
30.00 13.94 SuperHiIntl HDL ... 41 17.20 +0.75 ... 35.75 19.19 Trustmark TRMK 2.7 dd 34.08 –0.60 .23 10.39 8.02 Vodafone VOD 9.9 21 9.48 –0.28.4815 303.42 225.94 WillisTowers WTW 1.2 28 290.45 +0.42 .88 8.95 3.89 ZevraTherap ZVRA ... dd 7.75 –0.74 ...
122.90 22.66 SuperMicroComp SMCI ... 24 47.27 +0.01 ... 9.69 3.15 TScanTherap TCRX ... dd 4.86 –0.51 ... 3.14 0.63 VorBiopharma VOR ... dd .73 +0.04 ... 1.87 0.56 WiMiHologram WIMI ... dd .89 –0.02 ... 70.90 37.76 ZiffDavis ZD ... 30 46.43 –0.55 ...
21.80 7.72 SuperiorGroup SGC 3.8 22 14.90 –0.82 .14 1.76 0.59 Tuniu TOUR ... dd 1.16 –0.02 ... 10.05 9.95 VoyagerAcqnA VACH ... ... 10.02 ... ... 433.86 175.83 Wingstop WING .3 cc 360.38 –10.31 .27
66.75 33.23 Zillow A ZG ... dd 57.59 –4.08 ...
35.44 21.99 SupernusPharm SUPN ... cc 33.93 –0.61 ... 5.75 0.44 TurnstoneBiologics TSBX ... dd .51 +0.02 ... 11.72 5.71 VoyagerTherap VYGR ... 24 6.75 –1.32 ... 451.30 330.25 Winmark WINA 1.0 34 371.23 –14.54 7.50
68.73 33.80 Zillow C Z ... dd 59.65 –4.06 ...
88.00 5.00 Vroom VRM ... dd 8.70 –0.31 ... 117.77 72.14 WintrustFinl WTFC 1.6 12 113.02 –2.35 .45
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36.92 22.05 SurgeryPartners SGRY ... dd 29.47 –3.55 ... 18.45 7.97 TurtleBeach HEAR ... dd 16.42 –0.88 ... 22.40 6.52 ZimVie ZIMV ... dd 13.87 –0.81 ...
42.44 25.17 Surmodics SRDX ... dd 37.59 –0.67 ... 18.00 10.90 TwinDisc TWIN 1.4 15 11.51 –0.50 .04 W 3.44 1.35 WISeKey WKEY ... dd 2.10 –0.08 ...
53.32 28.98 ZionsBancorp ZION 3.2 12 51.34 +0.09 .41
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6.13 2.01 SutroBioph STRO ... dd 3.45 –0.28 ... 60.90 14.42 TwistBiosci TWST ... dd 40.60 –6.33 ... 179.00 76.90 Wix.com WIX ... cc 164.27 –9.12 ...
15.92 3.50 WaveLifeSci WVE ... dd 14.45 –0.86 ... 74.77 55.06 ZoomVideo ZM ... 26 72.63 +2.11 ...
6.40 1.54 2seventybio TSVT ... dd 4.85 –0.14 ... 188.35 119.03 Woodward WWD .6 27 164.04 –0.96 .25
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59.82 17.11 Symbotic SYM ... dd 27.42 –2.63 ... 278.78 207.95 WD-40 WDFC 1.3 52 266.59 +15.34 .88 1289.00 5.40 Zoomcar ZCAR ... 0 6.12 –4.23 ...
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121.37 67.83 Synaptics SYNA ... 23 72.14 +1.09 ... 29.60 10.38 TyraBiosciences TYRA ... dd 21.93 –5.40 ... 311.28 199.81 Workday WDAY ... 41 237.71 –6.77 ...
25.66 10.22 Webtoon WBTN ... dd 11.18 –0.56 ... 19.39 7.65 ZoomInfoTech ZI ... cc 10.49 –0.12 ...
149.31 94.57 WorldAcceptance WRLD ... 9 115.30 –4.03 ...
25.34 12.19 SyndaxPharm SNDX ... dd 18.75 –0.96 ... U 58.59 33.70 WSFS Financial WSFS 1.2 11 49.10 –2.87 .15 259.61 152.60 Zscaler ZS ... dd 184.96 –5.05 ...
629.38 453.38 Synopsys SNPS ... 52 501.58 –5.45 ... 110.38 71.63 WynnResorts WYNN 1.0 13 97.99 –1.45 .25
139.54 90.62 UFP Inds UFPI 1.0 17 130.17 –3.78 .33 9.77 0.67 WW Intl WW ... dd 1.06 –0.26 ... 31.37 12.90 Zumiez ZUMZ ... dd 21.60 –0.75 ...
ci on
2.30 1.27 SyprisSolutions SYPR ... dd 1.47 –0.07 ... 37.49 23.76 WaFd WAFD 3.1 14 33.75 –2.42 .26 XYZ 14.05 6.51 Zymeworks ZYME ... dd 12.93 –0.55 ...
113.30 61.18 UMB Fin UMBF 1.5 13 104.07 –5.28 .39
8.17 1.43 SyrosPharm SYRS ... dd 2.00 +0.04 ... 14.48 3.10 UPFintech TIGR ... 38 6.19 –1.03 ... 2.47 0.66 Wag! PET ... dd .81 –0.01 ... 47.40 0.92 XBPEurope XBP ... dd 1.07 –0.05 ... 13.77 7.15 Zynex ZYXI ... 53 9.12 +1.09 ...
T 16.82 10.04 USCB Financial USCB 1.4 17 14.75 –0.19 .05
7.84 2.30 TelaBio TELA ... dd 2.86 +0.33 ... 105.59 37.11 US Lime&Min USLM .2 35 104.35 +0.60 .05
15.25 11.37 TFS Finl TFSL 8.9 45 12.75 –0.37.2825 2.96 1.15 uCloudlink UCL ... 10 1.16 –0.12 ...
2.07
12.60
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11.50
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16.01
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0.43 0.14 TMT Acqn Rt TMTCR ... ... .38 +0.04 ... 56.47 23.26 UltraClean UCTT ... dd 35.59 –1.43 ...
Trading Fear: As Europe’s stocks sagged, some blamed fear Also Voting: If Japan’s ruling coalition struggles in Sunday’s
234.56 139.20 T-MobileUS TMUS 1.3 26 226.36 +3.15 .88 60.37 32.55 UltragenyxPharm RARE ... dd 53.82 –2.44 ...
of Trump tariffs, and even a trade war. vote, it may be tougher to enact economic reforms.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
69.86 26.81 TPG TPG 2.6 dd 67.33 +0.99 .42 13.39 6.36 Ultralife ULBI ... 15 8.82 –0.28 ...
32.00 21.00 UnionBankshares UNB 5.0 13 28.74 +1.24 .36
5.75
122.27
1.63
87.43
TPIComposites
T.RowePrice
TPIC ...
TROW 4.5
dd
13
3.46
111.33
–0.82 ...
–4.30 1.24 11.35 3.73 uniQure
m er QURE ... dd 6.54 +0.12 ... -1.24% S&P Europe BMI -1.84% S&P Pan Asia BMI
22.70 3.67 TTEC TTEC10.8 dd 5.39 –0.17 .06 76.08 33.68 UnitedAirlines UAL ... 9 74.64 +0.49 ...
39.93 27.21 UnitedBkshrsWV UBSI 4.0 14 37.09 –0.62 .37
Norway 1.67 -0.48 China
22.71 11.31 TTM Tech TTMI ... cc 19.60 –0.85 ...
32.06 21.31 TWFG TWFG ... ... 30.50 +0.47 ... 25.55 18.04 UnitedFire UFCS 3.3 14 19.66 –1.00 .16 -0.34 Netherlands -0.59 Taiwan
16.25 5.79 UnitedGuardian UG 5.3 19 13.11 –0.73 .35
5.00 2.87 Taboola TBLA ... dd 3.66 ... ... -0.38 Sweden -0.63 New Zealand
8.98 7.02 UnitedSecBcshrs UBFO 5.4 9 8.84 +0.04 .12
m rp
16.95 9.70 TactileSystems TCMD ... 10 14.20 –0.45 ...
171.59 130.34 TakeTwoSoftware TTWO ... dd 161.79 +6.52 ... 377.03 208.62 UnitedTherap UTHR ... 16 348.65 –19.78 ... -0.76 Belgium -0.85 Singapore
197.61 52.01 TalenEnergy TLN ... 13 181.25 +7.28 ... 6.71 2.57 Uniti UNIT10.9 cc 5.49 –0.13 .15 -0.97 Spain -0.88 Australia
1.61 0.43 Talphera TLPH ... dd .97 –0.13 ... 40.81 22.77 UnityBancorp UNTY 1.4 10 38.37 –0.83 .13
2.26 1.22 UnityBiotech UBX ... dd 1.34 –0.06 ...
-1.04 Germany -1.02 Indonesia
53.69 13.82 TandemDiabetes TNDM ... dd 31.35 –3.99 ...
13.01 5.83 TangoTherap TNGX ... dd 5.93 –1.53 ... 237.00 133.67 UnivDisplay OLED .8 43 202.15 –2.08 .40 -1.12 Switzerland -1.05 South Korea
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
19.47 7.13 TatTechnologies TATT ... 25 18.42 +0.22 ... 45.30 13.06 UnvlStainless USAP ... 24 43.74 +0.04 ...
4.32 1.27 TayshaGene TSHA ... dd 1.99 –0.07 ... 29.49 16.10 UnivestFin UVSP 3.0 11 27.87 –0.25 .21 -1.55 Finland -1.51 Philippines
12.25 11.07 Tech&TelecomA TETE ... dd 12.18 ... ... 38.72 25.06 Upbound UPBD 5.5 28 26.79 –3.10 .37
5.28 1.79 UplandSoftware UPLD ... dd 2.17 –0.18 ...
-1.68 France -1.83 Thailand
41.93 22.82 TechTarget TTGT ... dd 30.03 +1.03 ...
F
39.40 12.12 TectonicTherap TECX ... dd 38.74 +1.34 ... 57.40 19.84 Upstart UPST ... dd 50.58 –2.55 ... -1.95 Denmark -2.60 Japan
27.68 20.74 UpstreamBio UPB ... ... 25.06 –0.82 ...
8.62 4.33 Ericsson ERIC 2.0 dd 8.44 –0.06.1326
16.36 8.43 Upwork UPWK ... 23 12.36 +2.07 ...
-4.92 Greece -4.41 India
15.02 6.93 Telesat TSAT ... 9 12.96 –1.10 ...
5.03 1.89 Telos TLS ... dd 3.56 –0.25 ... 48.90 31.37 UrbanOutfitters URBN ... 11 35.17 –2.17 ... Indexes based on S&P Global Broad Market Indices Source: S&P DJ Indices
77.00 22.89 TempusAI TEM ... ... 43.51 –5.83 ... 20.70 10.60 UroGenPharma URGN ... dd 12.10 –0.63 ...
2.09 1.30 Usio USIO ... dd 1.40 –0.01 ...
57.90
53.50
14.02
33.85
10xGenomics
Tenable
TXG ...
TENB ...
dd
dd
15.49
41.63
+0.05 ...
–1.02 ... 87.86
3.75
63.86
2.20
UtahMedProducts
UTStarcom
UTMD 1.9
UTSI ...
15
dd
64.12
2.98
–2.18 .30
... ...
Key Foreign Stock Market Indexes
7.01 1.61 TenayaTherap TNYA ... dd 1.91 –0.13 ... Most Recent Week’s Year-to-Date Most Recent Week’s Year-to-Date
13.40 1.41 Uxin UXIN ... dd 4.18 –1.77 ...
163.21 81.08 Teradyne TER .4 36 111.75 –14.29 .12 Close %Chg. Chg. % Chg. Close %Chg. Chg. % Chg.
11.40 3.26 TernsPharm TERN ... dd 6.67 –0.74 ... V Amsterdam AEX 898.82 –0.51 +112.00 +14.23 Milan FTSE All Share 36833 –1.44 +4354.43 +13.41
11.64 6.85 TerritorialBncp TBNK .4 dd 10.44 –0.51 .01 4.50 1.39 VNET VNET ... dd 3.37 –0.27 ... Athens General 1390.25 –3.69 +97.11 +7.51 Oslo Composite 1682.84 +2.15 +163.52 +10.76
271.00 138.80 Tesla TSLA ... 74 269.19 +48.49 ... 11.74 2.27 VOXX Intl VOXX ... dd 7.55 +0.01 ...
Bangkok SET 1463.42 –1.77 +47.57 +3.36 Paris CAC 7497.54 –1.52 –45.64 –0.60
50.03 28.67 TetraTech TTEK .5 44 47.92 –0.91 .058 106.11 52.01 VSE VSEC .4 cc 102.92 –1.16 .10
21.09 0.26 TevogenBio TVGN ... dd 3.05 +1.33 ... 13.00 2.07 Vacasa VCSA ... dd 2.39 –0.10 ... Bombay Sensex 79402 –2.24 +7162.03 +9.91 Santiago Selective 3657.62 +1.64 +190.08 +5.48
n-
82.25 53.16 TexasCapBcshs TCBI ... cc 76.76 –2.26 ... 11.22 6.47 ValleyNatlBncp VLY 4.7 13 9.27 –0.11 .11 Brussels Bel-20 4293.15 –0.71 +585.38 +15.79 Sao Paulo Bovespa 129893 –0.46 –4291.92 –3.20
214.66 139.48 TexasInstruments TXN 2.6 38 206.93 +8.46 1.36 14.49 5.40 Valneva VALN ... dd 5.94 +0.05 ... Buenos Aires Merval 1872784 +2.71 +943080 +101.44 Seoul Composite 2583.27 –0.41 –72.01 –2.71
189.97 94.75 TexasRoadhouse TXRH 1.3 34 187.38 +3.49 .61 11.69 11.01 ValuenceI A VMCA ... 62 11.51 –0.04 ...
Copenhagen OMX 20 2469.14 –1.98 +185.61 +8.13 Shanghai Composite 3299.70 +1.17 +324.77 +10.92
59.26 29.92 TheBancorp TBBK ... 12 47.01 –11.20 ... 6.75 3.30 VandaPharm VNDA ... dd 4.55 –0.36 ...
3.07 1.43 TherapeuticsMD TXMD ... dd 1.59 –0.01 ... 21.50 10.19 VarexImaging VREX ... 19 12.91 +0.56 ... Dublin ISEQ 9784.25 –0.87 +1023.89 +11.69 Shenzhen B Share Idx 1248.45 +1.32 +167.45 +15.49
11.71 7.44 TheravanceBio TBPH ... dd 8.55 –0.25 ... 60.58 31.03 VaronisSystems VRNS ... dd 56.86 –2.57 ... EURO STOXX SXXE 510.39 –1.17 +36.25 +7.65 Singapore FTSE STI 3593.41 –1.29 +353.14 +10.90
no
31.23 14.53 ThirdCoastBcshs TCBX ... 13 31.09 +3.15 ... 4.55 2.11 VastaPlatform VSTA ... dd 2.60 +0.04 ... EURO STOXX 50 SXSE 4943.09 –0.87 +421.44 +9.32 Stockholm OMXS 990.14 –0.66 +87.26 +9.66
16.94 5.77 ThirdHarmonic THRD ... dd 13.15 –0.31 ... 121.06 46.16 Vaxcyte PCVX ... dd 112.94 –2.56 ... Frankfurt DAX 19463 –0.99 +2711.95 +16.19 STOXX Europe 50 SXSP 4438.96 –1.03 +345.59 +8.44
5.20 2.19 Thoughtworks TWKS ... dd 4.45 +0.03 ... 18.56 2.98 Veea VEEA ... dd 4.35 +0.14 ...
3.80 0.61 ThredUp TDUP ... dd .66 –0.12 ... Helsinki OMHX 10041 –1.55 –56.23 –0.56 STOXX Europe 600 SXXP 518.81 –1.18 +39.82 +8.31
49.25 23.63 VeecoInstr VECO ... 21 29.26 –1.22 ...
10.64 10.21 ThunderBridgeIV A THCP ... dd 10.56 –0.04 ... 15.81 1.79 VentyxBiosciences VTYX ... dd 2.18 –0.36 ... Hong Kong Hang Seng 20590 –1.03 +3542.76 +20.78 Sydney S&P/ASX 200 8211.30 –0.87 +620.48 +8.17
12.12 0.35 ThunderPower AIEV ... dd .35 –0.09 ... 8.35 4.38 VeraBradley VRA ... cc 5.19 –0.15 ... Istanbul IMKB 8908.47 +1.31 +1438.29 +19.25 Taipel Weighted 23348 –0.59 +5417.64 +30.21
2.97 1.45 TilrayBrands TLRY ... dd 1.69 +0.10 ... 50.78 9.68 VeraTherap VERA ... dd 41.09 –0.07 ... Jakarta Composite 7694.66 –0.84 +421.86 +5.80 Tel Aviv 125 Index 2177.26 +2.11 +290.18 +15.38
32.24 23.93 TimberlandBncp TSBK 3.3 10 29.05 –1.65 .24 35.51 18.61 Veracyte VCYT ... dd 33.03 –1.41 ...
Johannesburg All Share 87015 –0.21 +10122 +13.16 Tokyo Nikkei-225 37913 –2.74 +4449.75 +13.30
29.30 12.30 TitanMachinery TITN ... 5 14.10 –0.87 ... 54.10 32.28 Vericel VCEL ... cc 43.75 +2.09 ...
40.47 26.10 Torm TRMD22.4 3 27.29 –2.73 1.80 38.17 18.41 VerintSystems VRNT ... 33 21.88 –0.99 ... Kuala Lumpur Composite 1618.30 –1.68 +163.64 +11.25 Toronto S&P/TSX 24463 –1.45 +3505.23 +16.72
46.54 22.30 TowerSemi TSEM ... 10 44.77 +0.80 ... 220.91 167.05 VeriSign VRSN ... 22 181.26 –6.46 ... LISBON PSI 4427.70 –2.61 –304.58 –6.44 Vienna ATX 3583.16 –1.22 +148.19 +4.31
35.74 22.31 TowneBank TOWN 3.1 16 32.53 –2.36 .25 287.13 215.32 VeriskAnalytics VRSK .6 43 264.65 –2.97 .39 London FTSE - 100 8248.84 –1.31 +515.60 +6.67 Wellington S&P/NZX 50 12771 –0.41 +1001.12 +8.51
307.64 186.06 TractorSupply TSCO 1.6 27 272.77 –24.85 1.10 28.46 16.92 Veritex VBTX 3.0 17 27.08 –0.44 .20
Madrid IBEX 35 11812 –0.95 +1710.40 +16.93 Zurich Swiss 12184 –1.16 +1046.21 +9.39
121.44 60.23 TradeDesk TTD ... cc 119.47 +0.71 ... 7.76 1.48 Veritone VERI ... dd 3.47 –0.78 ...
136.14 86.06 Tradeweb TW .3 66 132.50 –0.54 .10 35.62 11.39 VeronaPharma VRNA ... dd 33.86 –0.77 ... Manila Composite 7314.23 –1.37 +864.19 +13.40
0.23 0.06 TrailblazerI Rt TBMCR ... ... .21 –0.01 ... 11.41 1.04 VerricaPharm VRCA ... dd 1.51 –0.09 ... Mexico City IPC 51784 –2.34 –5601.92 –9.76 Indexes are based on local currencies. Because of various holidays and other market closings, the most
11.61 10.36 TrailblazerI A TBMC ... 55 11.05 +0.03 ... 15.78 7.25 VersaBank VBNK .5 11 14.71 –0.60.0185 recent close is not necessarily that of the week of publication.
7.97 3.32 TransActTechs TACT ... dd 4.15 –0.31 ... 43.33 21.92 Vertex VERX ... cc 42.07 –0.78 ...
October 28, 2024 BARRON’S 47
.
FTVestUSEqO GOCT ... 34.64 –0.17 ... iShESGAwareEM ESGE 2.1 35.85 –0.69 .6208 DirexChinaBl3 YINN 1.8 33.68 –1.70 .03 InvscDBOilFund DBO 4.3 14.77 +0.58 .6385 iShMSCIUK EWU 4.0 36.13 –0.88 .7471 SPDRPtfS&P500 SPLG 1.3 68.11 –0.64 .2158
FidBlueChipGr FBCG .0 43.88 –0.11 .008 iShESGAwareUSA ESGU 1.1 127.07 –1.28 .3842 DirexFinlBear3 FAZ 6.9 7.30 +0.47 .1016 InvscDBUSDBull UUP 6.0 29.28 +0.25 1.7455 iShNatlMuniBd MUB 2.9 106.99 –0.92 .2614 SPDRS&P500Growth SPYG .7 84.48 ... .1295
ly
FidelityEthereum FETH ... 24.73 –1.80 ... iShEthereum ETHA ... 18.73 –1.39 ... DirexFinlBull3 FAS 1.0 139.87 –9.55 .3161 InvscEMSovDebt PCY 6.5 20.60 –0.53 .1082 iShResidRlEst REZ 2.2 86.45 –1.54 .4888 SPDRS&P500HiDiv SPYD 4.1 45.20 –1.01 .4571
FidWiseBTC FBTC ... 58.39 –1.64 ... iShFallAngelUSDBd FALN 6.0 27.01 –0.19 .133 DirexGoldMinBr2 DUST 8.0 4.88 +0.34 .5855 InvscNatAMTFrMuni PZA 3.2 23.71 –0.33 .0648 iShRuss2000Val IWN 1.8 164.67 –5.63 .8619 SPDRPtfS&P400MC SPMD 1.4 54.48 –1.57 .1973
GlbXUSInfrDevt PAVE .6 41.21 –1.28 .156 iSh5-10YIGCpBd IGIB 4.2 52.43 –0.52 .192 DirexGoldMinBl2 NUGT 1.4 53.64 –4.26 .0656 InvscPreferred PGX 6.7 12.20 –0.26 .0577 iShRussMC IWR 1.3 88.30 –1.76 .218 SPDRPtfS&P600SC SPSM 1.9 44.52 –1.41 .198
GS PhysGold AAAU ... 27.13 +0.23 ... iShGSCICmDynRoll COMT 4.9 26.51 +0.57 1.3016 DirexHmbldrBull3 NAIL .4 138.61 –37.32 .263 InvscS&P500EW RSP 1.5 178.11 –3.76 .6948 iShRussMCGrw IWP .4 120.73 –1.33 .1652 SPDRPtfSTCpBd SPSB 4.8 30.04 –0.04 .1227
InnovS&P500PwrO POCT ... 39.11 –0.15 ... iShGlbCleanEner ICLN 1.2 13.16 –0.28 .1228 DirexJrGoldMinBr2 JDST 1.1 22.27 +0.70 .3541 InvscS&P500EWTech RSPT .5 37.57 –0.47 .0408 iShRuss1000 IWB 1.1 317.39 –3.41 .8692 SPDRShtTermTrea SPTS 4.2 29.15 –0.05 .0956
on
InnovUSSC10BfQ RBUF ... 26.15 –0.30 ... iShGlbInfr IGF 2.2 54.04 –1.23 .9069 DirexJrGoldMnBl2 JNUG 1.5 54.83 –2.28 .146 InvscS&P500HiDiv SPHD 3.4 50.02 –1.05 .132 iShRuss1000Grw IWF .5 382.77 –0.05 .5575 SPDRS&PBank KBE 2.4 53.74 –1.88 .3245
InvscRuss1000Dyn OMFL 1.3 53.22 –0.67 .1083 iShiBdsDec28Trea IBTI 3.8 22.12 –0.13 .0712 DirexRealEstBl3 DRN 1.9 12.72 –0.62 .0597 InvscS&P500LowVol SPLV 1.9 71.38 –1.75 .1082 iShRuss1000Val IWD 1.8 189.27 –4.38 1.023 SPDR S&P 500 SPY 1.2 579.04 –5.55 1.7455
iPathS&P500VIX VXX ... 55.29 +4.08 ... iShiBdsDec25Trea IBTF 4.3 23.37 +0.01 .0862 DirexRegBksBl3x DPST 1.9 104.31 –10.40 .4931 InvscS&P500Mom SPMO .5 92.69 –1.38 .0692 iShRuss2000 IWM 1.2 218.89 –6.76 .5221 SPDR S&P Home XHB .5 116.54 –9.00 .1264
iShBrdUSDHYCpBd USHY 6.6 37.17 –0.23 .2103 iShiBdsDec24Trea IBTE 4.7 23.97 +0.02 .1065 DirexS&P500Br3 SPXS 6.8 6.54 +0.20 .0843 InvscS&P500Qual SPHQ 1.2 66.66 –1.41 .1881 iShRuss2000Gw IWO .6 282.87 –7.70 .5409 SPDRS&PInsurance KIE 1.3 56.43 –1.98 .1676
iShCoreMSCIEAFE IEFA 3.1 74.40 –1.97 1.3096 iShiBdsDec26Trea IBTG 4.0 22.89 –0.02 .078 DirexS&PBiotBr3 LABD 4.8 6.15 +0.49 .0577 InvscS&P500Top50 XLG .7 48.29 –0.09 .0863 iShS&P500Grw IVW .5 97.56 +0.04 .0836 SPDR S&P Metals XME .6 64.01 –2.64 .1056
iShCurrMSCIEAFE HEFA 2.8 35.17 –0.50 .6036 iShJPMUSDEmBd EMB 4.9 91.26 –1.09 .3606 DirexS&PBiotBl3 LABU .4 120.47 –10.63 .1606 InvscSrLoan BKLN 8.7 21.02 –0.14 .1702 iShS&P500Value IVE 1.8 196.32 –4.42 1.1377 SPDRS&PRegBkg KRE 2.7 57.90 –1.74 .3818
iShIntlSelDiv IDV 6.1 29.07 –0.60 .236 iShMBS MBB 3.8 93.12 –1.01 .2823 DirexS&P500Br1 SPDN 5.9 11.17 +0.12 .1456 InvscSolar TAN ... 38.95 +1.61 ... iShShtNatlMuniBd SUB 2.0 105.53 –0.40 .1663 SchwabEM Equity SCHE 3.0 28.69 –0.44 .8224
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iShTransportAvg IYT 1.1 69.54 –1.34 .1864 iShMSCIACWI ACWI 1.6 118.82 –1.83 .9354 DirexS&P500Bl3 SPXL .7 166.54 –5.22 .1925 InvscUltShDur GSY 5.7 50.09 –0.18 .2172 iShSilver SLV ... 30.63 –0.01 ... Schwab5-10YCpBd SCHI 5.0 22.51 –0.23 .0945
iShMSCIACWIxUS ACWX 2.1 55.18 –1.22 .7141 .109
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iShUSAero&Def ITA .8 149.62 –5.24 .2661 DirexS&POilBr2 DRIP 4.9 10.83 +0.08 .1241 InvscVarRtPfd VRP 5.9 24.44 –0.19 iShTIPSBond TIP 2.7 108.27 –1.09 .0648 SchwabFdEMEq FNDE 3.9 31.81 –0.46 1.0175
iShUSHomeConstrn ITB .4 119.80 –9.54 .1435 iShMSCIACxJpn AAXJ 1.3 77.20 –1.41 1.1081 DirexS&POilBl2 GUSH 2.9 29.20 –0.19 .1992 InvscWildClnEngy PBW 2.7 20.29 –0.08 .0703 iSh10-20YTreaBd TLH 4.1 103.61 –1.82 .359 SchwabFdIntlEq FNDF 3.0 35.74 –0.87 .7692
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iShEdgeMSCIMinUSA USMV 1.6 91.00 –1.87 .3603 iShMSCIChina MCHI 1.6 49.85 –0.64 .1905 DirexSemiBr3x SOXS 8.0 20.18 –0.04 .2343 iShCalifMuniBd CMF 2.7 57.14 –0.61 .1342 iSh10+YIGCpBd IGLB 4.9 51.16 –0.95 .2061 SchwabFdUSLgCo FNDX 1.7 23.84 –0.45 .1062
iShEdgeMSCIUSAQual QUAL 1.0 179.76 –2.66 .375 iShMSCIEAFESC SCZ 1.6 63.55 –2.23 .8304 DirexSemiBl3 SOXL .9 35.28 +0.01 .0595 iShChinaLC FXI 2.2 31.72 –0.45 .0848 iShTreaFRBd TFLO 5.4 50.59 +0.06 .2709 SchwabFdUSSmCo FNDA 1.4 29.44 –0.81 .0778
iShExpTechSftwr IGV ... 92.20 –0.11 ... iShMSCIEMxChina EMXC 2.0 59.95 –1.08 .491 DirexScBear3 TZA 5.2 13.91 +1.22 .1475 iShCoreDivGrowth DGRO 2.2 62.51 –1.38 .4031 iShUSEqFactorRotat DYNF .6 50.43 –0.62 .0437 SchwabHYBd SCYB 7.3 26.39 –0.20 .161
iShFRBd FLOT 5.9 51.06 +0.11 .2486 iShMSCIGlbGoldMin RING 1.5 33.95 –1.85 .2826 DirexSCBull3 TNA 1.0 42.56 –4.17 .0333 iShCoreMSCIEM IEMG 2.6 56.33 –0.99 .5095 iShUSRealEst IYR 2.4 100.20 –1.74 .7126 SchwabIntmUSTrsr SCHR 3.6 24.70 –0.19 .0746
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iShIntlAggBd IAGG 3.4 51.64 –0.29 1.7697 iSh1-5YIGCpBd IGSB 3.8 52.07 –0.20 .1782 DirexKRBull3 KORU 3.6 5.95 –0.30 .0154 iShCoreMSCIEur IEUR 3.0 58.22 –1.31 1.1922 iShUSRegBks IAT 3.2 48.85 –1.33 .3038 SchwabIntEquity SCHF 2.7 19.69 –0.52 .3519
iShMSCIEAFEGrw EFG 1.5 102.41 –2.68 .6555 iSh1-3YTreaBd SHY 3.8 82.42 –0.17 .2616 DirexTechBear3 TECS 6.5 5.03 +0.04 .5556 iShMSCIIntlDev IDEV 3.0 67.85 –1.74 .8684 iShUSTech IYW .2 155.39 +0.19 .1071 SchwabST USTr SCHO 4.2 24.27 –0.05 .0835
iShMSCIEurozone EZU 2.8 49.81 –1.07 1.0429 iShPfd&Incm PFF 6.1 32.99 –0.49 .1596 DirexTechBull3 TECL .3 91.55 –0.91 .0709 iShCoreS&P500 IVV 1.3 581.90 –5.56 1.6111 iSh0-5YHYCpBd SHYG 6.7 42.99 –0.20 .2367 SchwabUS AggrBd SCHZ 3.8 23.14 –0.21 .0707
iShMSCIIndia INDA ... 54.71 –1.85 ... iShSemiconductor SOXX .6 229.58 +0.22 .2249 Direx20+TreaBr3 TMV 4.2 34.81 +1.95 .3161 iShCoreS&P MC IJH 1.3 62.12 –1.79 .16 iSh0-5YTIPSBd STIP 2.7 100.73 –0.31 .6591 SchwabUS BrdMkt SCHB 1.2 22.36 –0.26 .0748
iShMSCIIndiaSC SMIN .0 80.10 –4.46 .2437 iSh7-10YTreaBd IEF 3.4 94.89 –1.05 .2709 Direx20+YrTrBull TMF 3.5 47.63 –2.97 .4351 iShCoreS&P SC IJR 1.3 114.47 –3.68 .3263 iSh0-3MTreaBd SGOV 4.1 100.66 +0.10 .4276 SchwabUS Div SCHD 3.5 28.15 –0.66 .2515
iShMSCIEAFEValue EFV 4.5 55.24 –1.45 1.5357 iShShortTreaBd SHV 5.1 110.49 +0.07 .4723 EnSelSectorSPDR XLE 3.3 89.77 –0.57 .7275 iShCoreS&PTotUS ITOT 1.2 126.73 –1.43 .4656 JanusHendersonAAA JAAA 6.4 50.83 +0.03 .2726 SchwabUS LC SCHX 1.2 22.85 –0.23 .0653
iShMtgRealEst REM 9.5 22.76 –0.75 .1181 iSh3-7YTreaBd IEI 3.0 117.13 –0.80 .2955 FidEnhLCCore FELC 1.0 32.43 –0.35 .079 iShCoreUSAggBd AGG 3.6 98.59 –0.93 .2948 JanusHendMtg JMBS 5.1 45.15 –0.61 .1979 SchwabUS LC Grw SCHG .4 26.58 +0.02 .0259
iSh25+YTrStrip GOVZ 4.3 10.77 –0.28 .0375 iSh20+YTreaBd TLT 3.6 92.14 –1.73 .3083 FidHiDiv FDVV 2.8 50.96 –0.76 .319 iShUSMedDevices IHI .4 58.97 –1.34 .0314 JanusHenShrtDur VNLA 4.8 49.05 +0.01 .2044 SchwabUS LC Val SCHV 2.2 26.71 –0.59 .1446
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iSh20+YTrBdBuy TLTW 15.6 25.37 –0.38 .2201 JPMNasdEqPrem JEPQ 9.4 55.40 +0.13 .4311 FidIGSecur FSEC 3.1 43.23 –0.42 .009 iShFlexibleIncmAct BINC 5.5 52.79 –0.23 .2376 JPM EqPrem JEPI 7.1 59.23 –0.67 .3301 SchwabUS MC SCHM 1.4 27.65 –0.68 .1135
iShUSTreasuryBd GOVT 3.1 22.86 –0.18 .0596 ProShUltPrQQQ TQQQ 1.3 74.74 +0.10 .2302 FidMSCIEn FENY 3.1 24.64 –0.13 .184 iShGlobalREIT REET 2.7 25.88 –0.59 .2527 JPM USQualFactor JQUA 1.2 56.52 –1.06 .1928 SchwabUS REIT SCHH 2.9 22.76 –0.42 .2245
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
iShUltShBd ICSH 5.3 50.66 +0.04 .2206 ProShUltShQQQ SQQQ 10.6 7.11 –0.02 .1495 FidTotalBd FBND 4.6 45.71 –0.43 .177 iShGoldTr IAU ... 51.80 +0.43 ... JPM UltShIncm JPST 5.0 50.58 ... .214 SchwabUS SC SCHA 1.3 25.59 –0.74 .1165
JPMBetaJapan
JPMCorePlusBd
BBJP 2.9
JCPB 4.9
55.64
46.92
–2.39
–0.46
1.6015
.2081
RoundMagSeven
T-Rex2XInvrTesla
MAGS .0
TSLZ ...
m er48.95
7.79
+1.56
–6.11
.1459
...
FinSelSectorSPDR
FT EnergyAlpDx
XLF
FXN
...
2.6
46.63
16.47
–0.99
–0.07 .1566
... iShGoldTrMicro
iShiBdsDec25Cp
IAUM
IBDQ
...
3.7
27.36
25.08
+0.23
+0.01 .0787
... KraneCSICnInt
MAXS&P5004X
KWEB 1.4
SPYU ...
32.11
47.32
–0.46
–2.10
.4193
...
Schwab US TIPs
SimplifyMktNeut
SCHP 3.1
EQLS 9.6
26.29
21.72
–0.26
–0.03
.1041
.10
JPMUltShMuni JMST 3.4 50.81 –0.01 .1551 T-Rex2XLgTesla TSLT ... 18.83 +5.69 ... FTNewConstructs FTCE ... 20.22 –0.41 ... iShiBdsDec26Cp IBDR 4.0 24.15 –0.02 .0812 MatlsSelSector XLB 1.9 93.96 –3.67 .4184 SimplifySTTrea TUA 5.1 21.95 –0.34 .10
NeosS&P500Hi SPYI 11.8 51.23 –0.79 .5196 Tradr1.5XShNVDA NVDS 77.6 27.52 –1.19 21.3586 FT PfdSecs FPE 5.5 18.00 –0.18 .0722 iShiBoxx$HYCpBd HYG 5.9 79.28 –0.52 .3998 MicroFANG-3XInvr FNGD ... 19.43 +0.04 ... SimplifyVolPrem SVOL 16.8 21.37 –0.47 .30
-1xShVIXFutures SVIX ... 23.69 –1.94 ... Tradr2XShInnovDly SARK 12.8 25.55 +0.22 3.2644 FT TCWUnPlBd UCON 5.0 24.76 –0.23 .105 iShiBoxx$IGCpBd LQD 4.3 109.31 –1.44 .415 MicroFang+3x FNGU ... 448.65 –4.58 ... SPDR S&PMdCpTr MDY 1.2 567.67 –16.30 1.6495
OpusSCValue OSCV 1.3 37.54 –0.80 .1208 Tradr2XShTSLADly TSLQ 26.6 14.02 –11.02 3.7319 FT ValLineDiv FVD 2.2 44.99 –0.92 .2282 iShLatinAmer40 ILF 6.0 25.19 –0.08 .8603 MicroGold3XInvr GDXD ... 10.68 +0.86 ... SPDR S&P Biotch XBI .1 97.15 –2.68 .0152
m rp
PacerIntCashCow ICOW 4.7 30.45 –0.57 .0571 USTrea3mBill TBIL 5.2 50.00 +0.04 .2183 FlexGlbUpNatRsc GUNR 3.4 40.41 –0.45 .3192 iShMSCIAustralia EWA 3.7 25.79 –0.77 .4883 MicroGold3xLvgd GDXU ... 53.35 –5.72 ... SPDRS&POil&Gas XOP 2.6 134.36 –0.51 .8959
PacerUSCashCows COWZ 1.9 57.35 –1.45 .2443 ValkyrieBitcoin WGMI .3 21.84 –0.18 .055 FrankFTSEJapan FLJP 5.3 28.52 –1.26 1.0265 iShMSCIBrazil EWZ 7.6 28.13 –0.07 1.221 NYLI CBRE Next ROOF .0 21.45 –0.31 .1628 SPDR S&P Retail XRT 1.3 75.50 –2.62 .1242
PacerUSSCCash100 CALF 1.1 44.97 –1.95 .0823 VanEckGlFallAngHY ANGL 6.0 29.00 –0.22 .1511 FrankIgCp FLCO 4.4 21.52 –0.22 .0778 iShMSCICda EWC 2.0 41.16 –0.88 .4859 PGIM AAA CLO PAAA 6.3 51.22 +0.06 .2741 SprottUranium URNM 3.5 49.44 –3.45 1.751
ProShS&P500Arist NOBL 2.0 104.76 –3.20 .3863 VanEckSemicon SMH ... 252.96 +1.45 ... GlbXCopperMiners COPX 1.2 45.00 –0.81 .3907 iShMSCI EAFE EFA 2.9 79.88 –2.06 .9307 PGIMUltraShBd PULS 5.7 49.74 +0.03 .2226 TRoweCapAppr TCAF ... 33.27 –0.44 ...
ProShShtVIXST SVXY ... 47.07 –1.90 ... VangdEM GovBd VWOB 5.7 64.66 –0.73 .3208 Pimco25+YrZC ZROZ 4.1 74.79 –2.07 .77 TechSelectSector XLK .7 230.29 –0.62 .3985
ProShUltVIXST UVXY ... 29.06 +3.09 ... VangdIntrCorpBd VCIT 4.2 81.71 –0.82 .297 PimcoEnhShMat MINT 5.3 100.60 +0.06 .425 TeucriumWheatFd WEAT ... 5.11 –0.03 ...
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
ProShVIXSTFut VIXY ... 13.63 +0.98 ... VangdIntermTrea VGIT 3.5 59.00 –0.45 .1799 PimcoMultiBd PYLD 5.6 26.17 –0.20 .13 USGlobalJets JETS ... 22.54 –0.03 ...
RoundN-1000DTE QDTE 22.5 42.50 –0.08 .3643 VangdLTCorpBd VCLT 5.0 77.47 –1.48 .3152 ProShBitcoin BITO 59.8 18.96 –0.56 1.0911 UtilitiesSelect XLU 2.8 80.38 –1.57 .5395
VangdLongTrea VGLT 4.0 58.04 –1.04 .197
Selected ETF Leaders
co o
T-Rex2XInvrMSTRDly MSTZ ... 5.82 –1.34 ... ProShShBitcoin BITI 3.8 7.05 +0.20 .0147 VanEckBDCIncm BIZD 11.2 16.48 –0.04 .4679
T-Rex2XInvrNVIDIA NVDQ ... 3.33 –0.21 ... VangdMBS VMBS 3.8 45.96 –0.47 .1451 ProShShtDow30 DOG 5.5 27.03 +0.76 .4035 VanEckGoldMin GDX 1.2 41.56 –1.59 .5001
T-Rex2XLgMSTRDly MSTU ... 71.69 +9.84 ... VangdRuss1000Grw VONG .6 98.61 +0.07 .1393 ProShShrtQQQ PSQ 7.5 39.05 –0.01 .7556 VanEck IG FR FLTR 6.2 25.49 +0.06 .1257
T-Rex2XLgNVIDIA NVDX ... 18.77 +0.83 ... VangdRuss1000Val VONV 2.0 83.04 –1.96 .4373 ProShShRuss2000 RWM 5.8 19.18 +0.60 .2585 VanEckJPMEMLCBd EMLC 6.2 24.23 –0.23 .1156
SPDR Gold Shares
F
2xBitcoinStrategy BITX 14.7 30.79 –1.97 .6838 VangdRuss2000 VTWO 1.3 88.57 –2.72 .2771 0.82% ProShShrtS&P500 SH 6.6 10.81 +0.13 .1407 VanEckJrGoldMin GDXJ .5 52.87 –1.00 .2736
2xEther ETHU 1.1 5.04 –0.80 .0072 VangdSTCpBd VCSH 3.7 78.54 –0.29 .2605 (GLD) ProShUltBitcoin BITU .4 27.99 –1.74 .0153 VanEckMerkGold OUNZ ... 26.48 +0.22 ...
2xLongVIXFut UVIX ... 5.66 +0.76 ... VangdShtTmInfltn VTIP 2.9 48.79 –0.14 .3083 ProShUltBlmCrude UCO ... 27.60 +1.88 ... VanEckOilSvcs OIH 1.5 278.77 –0.76 4.2235
VanEckHYMuni HYD 4.2 52.17 –0.55 .2133 VangdShortTrea VGSH 4.1 58.51 –0.12 .2023 ProshUltBbgNtGas BOIL ... 9.46 +1.42 ... VanEckPfdxFin PFXF 6.9 18.10 –0.28 .0851
Invesco QQQ Trust
VanEckMstrWd MOAT .8 95.41 –2.22 .7285 VangdTotalBd BND 3.5 73.16 –0.68 .2207 0.17 ProShUltraQQQ QLD .3 103.10 +0.17 .0554 VangdSC Val VBR 2.0 198.82 –6.23 .87
VanEckVietnam VNM 5.7 11.91 –0.34 .6552 VangdTotIntlBd BNDX 4.7 49.98 –0.26 .0965 (QQQ) ProShUltRus2000 UWM 1.0 41.88 –2.70 .1299 VangdDivApp VIG 1.7 196.89 –4.63 .8351
VangdCalifTxEx VTEC 2.8 100.51 –0.29 .2086 VangdTotIntlStk VXUS 2.9 62.38 –1.48 .2723 ProShUltraS&P SSO .7 91.31 –1.85 .1745 VangdExtDuratn EDV 4.2 72.65 –1.86 .7698
VangdUltShrtBd VUSB 5.1 49.79 –0.01 .2189 WT USQltyDiv DGRW 1.5 83.17 –1.54 .145 Vanguard Total Bond ProShUltSemi USD .0 138.32 +2.48 .0269 VangdFTSEAWxUS VEU 2.9 60.74 –1.37 .247
-0.92 ProShUltSilver AGQ ... 46.43 –0.26 ... VangdFTSEDevMk VEA 3.0 50.51 –1.32 .1444
NASDAQ NYSE Market (BND)
ProShUltDow30 UDOW 1.0 93.86 –8.15 .306 VangdFTSE EM VWO 2.6 47.04 –0.79 .1344
DefDlyTgt1.75xLg MSTX ... 49.14 +6.28 ... HarbCmdAllWeather HGER .6 22.83 +0.38 1.5171 ProShUltRus2000 URTY .4 50.09 –4.87 .0847 VangdFTSE Europe VGK 3.0 68.12 –1.44 .1708
DefDlyTarget2XLg SMCX ... 9.59 –0.02 ... SPDR S&P 500 ETF ProShUltS&P500 UPRO .8 87.54 –2.77 .2197 VangdFTSE Pac VPL 3.1 73.95 –2.67 .5072
NYSE ARCA -0.95
DirexAAPLBull2X AAPU 2.3 37.13 –1.27 .2818 Trust (SPY) ProShUltShDow30 SDOW 7.7 13.34 +1.05 .2326 VangdGrowth VUG .5 392.47 +0.29 .4546
DirexAmznBl2X AMZU 3.0 32.60 –0.50 .3042 ARK Innovation ARKK ... 47.67 –0.36 ... ProShShtRus2000 SRTY 8.8 20.56 +1.78 .4465 VangdHiDiv VYM 2.8 128.43 –3.00 .8511
DirexGooglBl2x GGLL 2.7 36.69 +0.77 .2376 abrdnPhysGold SGOL ... 26.19 +0.23 ... ProShUltSh&P500 SPXU 10.8 23.81 +0.74 .4505 VangdInfoTech VGT .6 601.96 –1.60 .9171
Vanguard Total Stock
n-
DirexMsftBl2X MSFU 3.0 43.42 +1.97 .3293 abrdnPhysSilver SIVR ... 32.18 +0.06 ... -1.16 ProShUltShBitcoin SBIT .8 28.00 +1.47 .0312 VangdIntermBd BIV 3.6 76.24 –0.72 .2429
DirexNVDABear1X NVDD 8.0 6.26 –0.18 .0728 AdvShMSOS2xDly MSOX ... 2.56 +0.27 ... Market (VTI) ProShUltShBbgCrd SCO ... 17.39 –1.34 ... VangdLongTermBd BLV 4.4 71.31 –1.29 .2577
DirexNVDABull2X NVDU 1.1 124.61 +5.66 .4973 AdvShPureUSCan MSOS ... 7.59 +0.42 ... ProShUltShBlmGas KOLD ... 65.32 –12.30 ... VangdMC VO 1.5 265.11 –5.21 .9474
DirexTSLABr1x TSLS 5.9 13.19 –3.72 .1385 AlerianMLPETF AMLP 7.8 46.85 –0.26 .94 ProShUltDow30 DXD 2.5 27.83 +1.52 .2504 VangdRealEst VNQ 3.8 95.74 –1.77 .8128
Vanguard FTSE ProShUltShEner DUG 6.2 9.61 +0.14 .2098 VangdS&P500ETF VOO 1.3 532.26 –5.10 1.6386
DirexTSLABl2x TSLL 2.7 13.80 +4.18 .0803 AmplifyAltHarvest MJ 5.0 3.41 +0.16 .0558 -1.65
FT EnhShtMat FTSM 4.9 60.01 +0.02 .247 AmplifyJrSilver SILJ .0 14.35 –0.14 .0009 Emerging Markets ProShUltShGold GLL ... 16.06 –0.24 ... VangdST Bond BSV 3.2 77.79 –0.25 .2293
no
FT LowDurOpp LMBS 4.4 48.76 –0.40 .17 ArkFinInnov ARKF ... 31.32 –0.58 ... (VWO) ProShUltShQQQ QID 9.5 35.31 –0.05 .7882 VangdSC VB 1.4 236.47 –5.91 .7047
FT NasdCybersec CIBR .4 61.11 –1.21 .0662 AvantisEM AVEM 2.7 63.30 –1.07 1.141 Vanguard Dividend ProShUltShRus2000 TWM 6.7 9.35 +0.57 .1697 VangdTaxExemptBd VTEB 3.1 50.33 –0.43 .1342
FT RisingDivAch RDVY 1.7 59.20 –1.37 .2616 AvantisUSSCValue AVUV 1.6 94.92 –3.27 .3868 -2.30 ProShUltShS&P500 SDS 8.4 20.45 +0.45 .3407 VangdTotalStk VTI 1.3 285.54 –3.35 .8707
FT SMID CapRising SDVY 1.6 35.90 –1.40 .1503 BitwiseBitcoin BITB ... 36.37 –1.01 ...
Appreciation (VIG) ProShUltShSilver ZSL ... 8.05 –0.05 ... VangdTotWrldStk VT 1.9 118.73 –1.84 .4174
FT TCW Opp FIXD 4.3 43.81 –0.61 .155 CapitalGrpCoreBd CGCB 3.7 26.28 –0.26 .085 ProShUltraSh20+ TBT 5.3 33.80 +1.31 .4178 VangdValue VTV 2.3 173.63 –4.19 .9143
GlbXNasd100Cv QYLD 11.4 18.15 –0.18 .1807 CapGrpCore CGUS 1.0 34.49 –0.37 .0937 Vanguard FTSE RealEstSectorSPDR XLRE 3.1 44.07 –0.67 .3115 VirtusInfrUSPfd PFFA 8.8 22.77 –0.44 .1675
GlbX Robotics&AI BOTZ .1 31.63 –0.42 .0041 -2.55 SPDRBlackSrLoan SRLN 8.9 41.93 +0.02 .304 WT FRTrea USFR 5.4 50.42 +0.04 .227
CapGrpCorePlus CGCP 5.2 22.59 –0.21 .0828 Developed Markets
GrShr1.25xLTesla TSL 59.9 11.11 +2.38 6.6572 CapGrpDivVal CGDV 1.5 36.26 –0.76 .15 SPDRBBCpBd SPBO 5.2 29.22 –0.32 .1258 WT IndiaEarn EPI ... 46.82 –1.89 ...
GrShr2xLongAMDDly AMDL ... 13.55 +0.03 ... CapGrpGlbGrw CGGO .9 29.98 –0.41 .1962
(VEA) SPDRBlmCvSecs CWB 1.8 77.18 –0.52 .0712 WT IntlHdgQual IHDG 1.7 44.87 –0.67 .215
GrShr2xLongCOINDly CONL .3 31.06 –5.16 .1086 CapitalGrpGrw CGGR .3 35.45 –0.19 .0564 iShares Core MSCI SPDR Blm HY Bd JNK 6.5 96.36 –0.73 .5279 XtrkHarvCSI300 ASHR 2.1 27.81 +0.02 .5925
-2.58
GrShr2xLgMeta FBL 24.3 32.48 –0.46 8.0045 CapGrpIntlFocus CGXU 1.0 26.26 –0.47 .1535 EAFE (IEFA) SPDRBbgIntTrBd BWX 1.9 22.21 –0.36 .0387 XtrkMSCIEAFE DBEF .6 41.76 –0.63 .236
GrShr2xLgNVDA NVDL 12.5 77.29 +3.43 1.6852 CapGrpMuniIncm CGMU 3.2 27.13 –0.22 .0672 SPDRBlmInvGrdFR FLRN 5.9 30.84 +0.05 .1553 XtrkUSDHYCpBd HYLB 6.0 36.39 –0.27 .1846
GrShr2xLgTSLA TSLR ... 21.33 +6.49 ... CapGrpUSMult CGMS 5.9 27.51 –0.18 .1076 SPDRBbg1-3MTB BIL 5.2 91.75 +0.08 .3713 YieldCoinOpt CONY 154.6 13.69 –0.76 1.1098
GrShr2xShNVDA NVD ... 1.23 –0.08 ... ColumbiaResEnh RECS .8 34.44 –0.32 .2765
iShares Core S&P SPDRBlmSTHYBd SJNK 7.4 25.49 –0.10 .1579 YieldMSTROpt MSTY 179.4 27.62 –2.87 4.1981
-3.11
GrShr2xShTSLA TSDD 5.4 5.00 –3.93 3.867 CommSvsSPDR XLC 1.0 90.85 –0.38 .2692 Small Cap (IJR) SPDR 3-12MT-Bill BILS 5.2 99.44 +0.07 .4078 YieldMagn7Fd YMAG 27.5 19.14 +0.38 .1979
InvscActMgdETC PDBC 4.1 13.76 +0.29 .5601 CnsmrDiscSel XLY .7 200.81 +1.30 .4047 SPDRDoubleTRTact TOTL 5.1 40.21 –0.46 .1695 YieldNVDAOpt NVDY 69.6 26.23 +0.64 1.0999
InvscBS28CpBd BSCS 4.5 20.28 –0.17 .075 ConsStaplesSPDR XLP 2.6 81.06 –1.18 .439 Source: Barron’s Statistics SPDR DJIA Tr DIA 1.6 421.14 –11.50 .1488 YieldTSLAOpt TSLY 84.3 13.07 +1.57 .8186
InvscBS25CpBd BSCP 3.9 20.62 –0.05 .0689 DimenCoreFxIncm DFCF 4.6 42.06 –0.62 .1859 SPDREuroStx50 FEZ 2.7 50.78 –0.97 .0845 YieldUltOptIncm ULTY 127.8 9.95 –0.09 .8267
InvscBS24CpBd BSCO 3.7 21.11 –0.06 .0803 DimenEmgCore DFAE 2.0 26.77 –0.49 .1789 SPDRGoldMini GLDM ... 54.35 +0.45 ... YieldUnivFdOpt YMAX 32.8 17.36 –0.21 .227
48 BARRON’S October 28, 2024
Cash Track
The listings include the top 625 NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret.
open-end funds by assets. These ClearBridge: Fidelity Advisor Z: FrankTemp/Franklin A:
funds value their portfolios daily AggressGrowthA114.80 -2.36 9.9 -0.4 GrOpp 194.19 -0.31 34.5 15.9 DynaTech A 168.86 0.15 26.3 2.7
and report net asset values (the AppreciationA 37.09 -0.59 20.4 30.0 StkSelAllCap 80.92 -1.00 17.8 22.5 GrOp A 53.60 -0.54 25.2 7.8
dollar amount of their holdings DividendStratA 32.10 -0.51 17.2 26.3 Fidelity Freedom: Growth A 146.61 -1.89 19.5 16.8
divided by the number of shares LargeCapGrowthI 77.01 -0.75 26.1 26.3 RisDv A 99.31 -2.40 13.0 18.1
outstanding) to the National Cohen & Steers:
FF2020 n 15.05 -0.21 8.7 2.9
FrankTemp/Franklin C: Raking It In: Cash flow to equity funds rose again last week, lifting the last month’s average weekly inflow
Association of Securities Dealers. FF2025 n 14.26 -0.22 9.7 4.2
Total returns reflect both price InstlRlty 52.29 -0.58 15.1 5.6 FF2030 n 18.27 -0.28 10.8 6.0 Income C 2.47 -0.03 8.7 13.0 at stock funds by 44%, to $15 billion. Maybe some of that money came out of money-market funds, where
changes and dividends; these PrefSecIncnI 12.49 -0.07 10.6 3.0 FF2035 n 16.28 -0.26 12.5 8.9 FrankTemp/Franklin R: inflows fell by more than half, to a weekly average of $15.4 billion. At taxable-bond funds, weekly inflows slid
figures assume that all distribu- RltyIncI 18.92 -0.20 16.1 4.1 FF2040 n 11.99 -0.20 14.8 12.4 FrkDynTchR6 179.56 0.16 26.6 3.8
tions are reinvested in the fund. RltyShs n 71.64 -0.76 15.2 5.3 FF2045 n 13.94 -0.25 15.6 13.7 FrankTemp/Temp A: a bit, to $4.7 billion, while inflows at muni-bond funds stayed flat, at $1.1 billion.
Because Lipper is constantly up- Columbia Class A: FF2050 n 14.12 -0.25 15.7 13.8 Growth A 27.68 -0.64 8.3 14.2
dating its database, these returns BalancedA 54.23 -0.49 13.8 17.1 Free2060InstPrem 18.59 -0.29 15.0 14.2 Equity Funds Municipal Bond Funds
may differ from those previously DisplCoreA 16.17 -0.15 23.9 32.3 Freedom2020 K 15.04 -0.21 8.7 3.1 G
published or calculated by others. DivIncA 34.76 -0.74 15.7 25.8 Freedom2025 K 14.24 -0.22 9.8 4.5 15900 1180
3 year returns are cumulative. The SelgComuInfoA 131.79 -0.99 17.9 30.0 Freedom2025K6 14.20 -0.22 9.9 5.0 GE Elfun/S&S:
NAV is the last reported closing Columbia Class I: Freedom2030 K 18.26 -0.28 10.9 6.3 9700 1060
Freedom2030K6 18.21 -0.28 11.0 6.9 Trusts n 96.25 -0.92 25.7 38.2
price for the week. Footnotes: NA: ContCore I 38.22 -0.31 21.6 35.1 Goldman Sachs Inst:
Freedom2035 K 16.27 -0.25 12.6 9.2
.
not available. NE: performance DivIncom I 34.80 -0.74 16.0 26.7
excluded by Lipper editor. NN: fund Columbia Class I3: Freedom2035K6 16.23 -0.25 12.8 9.8 Muni 15.36 -0.13 3.1 1.6 3500 940
not tracked. NS: fund not in Freedom2040 K 12.00 -0.20 14.9 12.8 Guggenheim Funds Tru:
ly
existence for whole period. e: ex DivIncom 35.53 -0.75 16.1 27.2 Freedom2040K6 11.96 -0.20 15.1 13.3 MacOppFdClInstl 24.76 NA NA NA
capital gains distributions. f: Freedom2045 K 13.94 -0.24 15.8 14.1 TotRtnBdFdClInst 23.82 NA NA NA -2700 820
previous day’s quote. n: no front- D Freedom2045K6 13.90 -0.24 16.0 14.7
or back-end sales charge. p: fund
Davis Funds A:
Freedom2050 K 14.12 -0.24 15.8 14.1 H -8900 700
assets are used to pay marketing Freedom2050K6 14.11 -0.24 16.0 14.7
and distribution costs (12b-1 fees). NYVen A 29.11 -0.32 18.3 21.0 Freedom2055 K 16.35 -0.28 15.8 14.1 Harbor Funds: Aug Sep Oct Aug Sep Oct
r: fund levies redemption fee or Deutsche DWS: Freedom2055K6 16.34 -0.28 16.0 14.7 CapApInst 120.77 -0.49 25.2 17.7
on
back-end load. s: stock dividend or CoreEq n 36.76 -0.46 19.2 31.2 Idx2020InsPre 16.55 -0.21 8.5 3.7 Harding Loevner:
split of 25% or more. t: fund charges Diamond Hill Funds: Idx2025InsPre 19.35 -0.26 9.5 5.0 IntlEq 27.67 NA NA NA
Money Market Funds Taxable Bond Funds
12b-1 fees (for marketing and LgCapI 36.48 -0.69 14.7 15.8 Idx2030InsPre 20.85 -0.29 10.5 6.8 Hartford Funds A: 41000 8200
distribution) and a back-end load. Dimensional Fds: Idx2035InsPre 24.04 -0.34 12.1 9.5
v: capital-gains distribution may be Idx2040InsPre 25.32 -0.38 14.2 12.9 BalIncA 15.08 -0.17 8.2 6.9
a return of capital. x: ex cash 2TGlFxd 9.86 0.01 4.5 6.6 Idx2045InsPre 26.63 -0.41 15.0 14.2 CapAppA 46.39 -0.71 18.9 17.0 31600 6900
dividend. 5GlbFxdInc 10.13 0.01 4.5 2.3 Idx2050InsPre 26.68 -0.41 15.1 14.2 DivGth A 37.24 -0.64 14.7 24.1
DFARlEst 43.63 -0.79 12.7 1.7 Idx2055InsPre 21.95 -0.34 15.0 14.2 Hartford Funds I:
Net YTD 3-Yr. EmgMkt 30.31 -0.56 12.2 2.7 BalIncI 15.08 -0.18 8.3 7.7 22200 5600
us ,
NAV Chg. % Ret. % Ret.
Idx2025 Premier 19.35 -0.26 9.6 5.1
EmgMktVa 31.83 -0.54 11.1 13.0 Idx2030 Premier20.84 -0.29 10.5 6.8 DivGthI 36.99 -0.64 14.9 25.0
EmMktCorEq 24.58 -0.46 11.7 5.9 Idx2035 Premier24.04 -0.34 12.1 9.6 12800 4300
l
A EmMktSmCp 24.05 -0.53 7.3 5.6 Idx2040 Premier 25.31 -0.38 14.2 13.0 I
Fixd 10.27 0.01 4.5 8.2
e
Idx2045 Premier 26.63 -0.41 15.0 14.2 3400 3000
al a
AB Funds: GblAll60 40Inst 22.17 -0.26 11.5 13.8 Idx2050 Premier26.68 -0.41 15.1 14.2 Invesco Funds A:
CapFdInc.LCapGow113.66 -0.88 22.6 25.2 GlEqInst 35.06 -0.65 16.4 22.2
MuniIncmShares 11.28 -0.12 5.0 0.7 GlRESec 11.24 -0.26 9.4 -3.6
Idx 2055 Premier 21.95 -0.34 15.0 14.2 CapApprA p 83.68 -0.39 30.1 23.7 Aug Sep Oct Aug Sep Oct
Fidelity Invest: CmstA 31.19 -0.37 15.5 32.8
AB Funds - A: InfProtSec 10.94 -0.13 3.2 -5.3 DivrsDiv p 19.77 -0.35 13.5 23.2
IntGvFxdInc 11.01 -0.10 1.6 -7.1 AggrInt n 29.37 -0.70 10.7 4.9 A red chart indicates a lower value than the starting period. Green means it's higher than the starting period.
LgCpGrA 100.56 -0.78 22.3 24.0 EqIncA 11.14 -0.10 12.0 14.2
ci on
IntlCoreEq 16.08 -0.42 7.4 8.4 AilSectEq 13.08 -0.16 24.2 36.0 The charts above show four-week moving averages of net cash flow in millions of dollars. BARRON'S • Lipper FMI
AB Funds - ADV: AMgr50% n 21.03 -0.27 9.1 5.5 HYMuA 8.62 -0.11 5.2 -3.1
IntlVal 21.36 -0.45 9.8 22.4 InvGloblFdA 103.21 -1.66 14.9 4.3
GlbBd 6.92 -0.05 2.8 -2.7 IntSmCo 20.27 -0.58 7.1 0.0 AMgr70% n 28.74 -0.42 11.5 8.7
IntlStraEquPtADV 13.36 -0.24 15.8 6.2 Balanc n 29.81 -0.27 15.4 17.3 MnStFndA 61.36 -0.45 23.5 25.7
IntSmVa 22.92 -0.67 10.4 15.5 RchHiYldMuniA 6.88 -0.08 4.0 -0.9
LgCpGrAdv 113.73 -0.88 22.6 24.9 LgCo 38.55 -0.37 23.0 33.0 BalancedK 29.82 -0.26 15.5 17.6
Advisers Inv Trst: BluCh n 216.09 -0.15 31.7 27.6 Invesco Funds Y: Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr.
LgCpIntl 27.96 -0.68 8.4 11.1
Growth n 127.30 -1.75 20.7 34.6 STExQual 10.47 0.01 4.7 4.5 BluChpGr K6 35.03 -0.06 31.2 28.1 DevMktY 41.13 -0.63 6.5 -18.4 NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret.
Akre Funds: US CoreEq1 43.02 -0.68 20.4 30.3 BluChpGrK 217.34 -0.14 31.8 27.9 Ivy Funds: ValueI 54.07 -1.12 15.1 19.7 Communica&Tech n 156.72 -0.21 31.1 2.6 MdCpY 57.14 -1.15 9.6 21.2 Primcp nr 174.42 -2.34 15.5 28.0
AkreFocusInst 70.48 -2.27 17.9 15.6 US CoreEq2 38.48 -0.65 19.6 29.5 CapAp n 49.74 -0.58 25.3 31.7 LgCpGwthl r 39.90 -0.37 21.9 29.9 Mutual Series: DivGro n 81.25 -1.74 15.6 23.8 Trust for Professional Ma: PrmcpCor n 36.32 -0.64 14.4 26.8
AkreFocusRtl 67.52 -2.18 17.7 14.7 US Micro 28.38 -1.00 8.8 14.3 CapDevO n 25.88 -0.22 26.0 44.8 ScTechA p 59.83 -0.47 30.4 28.0 EqInc n 38.08 -0.60 14.7 23.9 SelValu nr 31.72 -0.81 9.8 28.5
Contra n 21.42 -0.20 33.2 36.5 GlbDiscA 31.54 -0.53 7.4 22.2 PrfTrtStrtBd Ins 19.78 -0.17 4.0 -1.9
er s
American Century Inv: US Small 48.24 -1.48 9.6 13.8 SharesZ 27.72 -0.37 13.5 19.1 EqIndex n 152.86 -1.48 22.9 32.5 Tweedy Browne Fds: STAR n 29.28 -0.38 10.1 5.1
US SmCpVal 47.93 -1.55 7.9 24.6 ContraK 21.50 -0.20 33.3 36.8 J Growth n 108.22 0.03 25.0 8.9 STIGrade n 10.35 -0.05 4.5 4.1
Grwth n 59.16 -0.04 21.8 24.5 CpInc n 10.20 -0.06 10.0 12.3 GblValue n 29.03 -0.38 6.1 12.7
Heritage n 26.15 -0.36 19.5 0.0 US TgdVal 33.72 -1.09 6.9 22.1 N HelSci n 97.03 -3.66 10.4 -0.8 StratgcEq n 39.75 -1.22 15.7 23.3
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
USLgVa 50.70 -1.13 15.5 23.8 DivGth n 38.70 -0.61 26.1 36.2 Janus Henderson: InstFLRfd r 9.47 0.00 7.4 20.7 TgtRe2020 n 29.04 -0.30 8.1 5.2
Select n 122.65 -0.15 22.5 25.6 DivIntl n 45.60 -1.15 11.0 0.3 V
USSustCoreI 44.96 -0.78 21.1 29.4 Balanced T n 47.83 -0.53 14.6 14.2 Natixis Funds: LgCapGow I 83.64 -0.21 27.2 22.5 TgtRe2025 n 20.19 -0.23 9.8 7.2
Ultra n 93.12 0.11
American Funds Cl A:
25.0 22.9
USVectorEq
Dodge & Cox:
27.17 -0.58 13.4 21.3
m er
DivIntl K6
EmrMkt n
15.07 -0.39
40.59 -0.51
11.1
13.5
1.0
-9.2
Resh T n
Jensen I :
85.99 -0.38 30.6 33.3 InvGradeBdY
LSGrowthY
9.88 -0.14
29.16 0.17
3.5 -1.3
25.5 40.1
InstSmCap
MCapVal n
29.10 -0.62
36.30 -0.80
9.3
16.3
-3.1
32.2
VALIC: TgtRe2030 n 39.41 -0.51
TgtRe2035 n 24.82 -0.34
11.1
12.2
8.9
10.7
2025TarRetA 16.00 -0.19 9.8 8.1 Eq Inc n 78.52 -1.80 18.2 27.0 MCEqGr 68.69 -1.24 9.2 1.4 StckIdx 58.64 -0.58 22.8 32.0 TgtRe2040 n 44.51 -0.63 13.3 12.4
2030TarRetA 17.93 -0.23 11.1 9.6 Balanced n 108.62 -1.19 10.8 16.8 EqDivIncm n 30.77 -0.66 15.3 30.0 Jensen I 65.23 -1.26 11.1 17.5 Neuberger Berman Fds:
GblStock n 16.56 -0.27 11.0 22.5 JHF III DispVal: MidCap n 109.01 -1.95 9.0 1.5 VANGUARD ADMIRAL: TgtRe2045 n 30.48 -0.45 14.3 14.1
2035TarRetA 19.82 -0.26 12.9 11.3 Fidel n 94.23 -1.00 26.5 30.6 LCVal Inst 47.61 -1.10 15.4 12.1 NAmer n 78.87 -1.13 23.4 27.1 500Adml n 536.30 -5.19 23.1 33.1 TgtRe2050 n 51.15 -0.79 15.1 15.4
AmcpA 44.51 -0.72 19.0 12.2 Income n 12.62 -0.14 3.2 -0.8 FltRateHi n 9.29 0.00 6.9 20.2 DispVal I 26.02 -0.45 17.4 32.2 LgShInst 18.42 -0.16 5.6 10.8
Intl Stk n 54.25 -0.90 10.4 17.0 DispValMCI 30.55 -0.81 11.6 22.9 NHoriz n 58.12 -0.99 3.4 -28.1 BalAdml n 49.66 -0.53 13.7 13.2 TgtRe2060 n 52.59 -0.81 15.1 15.5
AMutlA 59.09 -1.07 17.2 27.9 FocsdStk n 41.70 -0.45 37.7 34.6 StrIncInst 9.95 -0.07 5.6 4.1 OverS SF nr 13.36 -0.32 7.1 6.0 CAITAdml n 11.39 -0.09 1.6 1.2 TgtRet2055 n 57.08 -0.88 15.1 15.5
BondA 11.31 -0.12 1.9 -6.4 Stock n 275.65 -3.77 16.9 27.2 FournOne n 60.88 -0.95 13.9 12.9 DispValMdCpR6 30.56 -0.82 11.7 23.2 Neuberger Berman Tr:
DoubleLine Funds: QMUSSmCpGrEq n 47.01 -1.16 14.7 7.0 CALTAdml n 11.48 -0.11 1.9 0.0 TgtRetInc n 13.65 -0.13 6.9 3.9
m rp
BalA 36.24 -0.37 14.4 17.7 GroCo n 42.03 -0.05 31.7 29.1 DispValR6 26.11 -0.45 17.5 32.6 GenesisFdR6 67.63 -1.85 10.8 6.3
CoreFxdIncmI 9.29 -0.08 3.5 -3.8 John Hancock: R2020 n 19.52 -0.21 9.8 6.6 CapOpAdml nr 205.13 -3.21 14.5 18.4 USGro n 71.34 -0.29 26.0 6.1
CapIBA 72.95 -1.07 12.3 16.8 GroInc n 63.52 -0.66 22.7 40.1 Nicholas Group: R2025 n 17.35 -0.19 10.4 7.1 DivAppIdxAdm n 53.44 -1.24 17.1 26.9 WellsI n 26.04 -0.31 7.2 5.6
CapWGrA 68.39 -1.06 15.1 16.8 LowDurBdI 9.64 -0.01 4.6 8.6 GrowCoK 42.28 -0.05 31.8 29.3 500Index1 59.92 -1.92 22.8 32.0
TotRetBdI 8.81 -0.08 3.4 -4.5 Nich n 96.23 -1.23 15.9 32.0 R2030 n 26.72 -0.33 11.6 8.1 EMAdmr n 39.08 -0.67 15.2 -0.7 Welltn n 46.21 -0.50 13.5 15.2
EupacA 58.55 -1.06 9.5 -6.4 GwthDiscovery n 63.56 -0.49 29.7 36.8 BondI 13.52 -0.15 2.9 -5.7 Northern Funds: R2035 n 21.78 -0.29 13.1 9.8 EnergyAdml nr 96.28 -1.19 14.5 52.2 Wndsr n 23.71 -0.38 11.5 26.2
FdInvA 86.29 -0.88 22.2 31.6 IntlDisc n 50.63 -1.39 14.1 -2.8 BondR6 13.55 -0.15 3.1 -5.4 R2040 n 31.60 -0.46 14.4 11.2 EqIncAdml n 95.81 -1.60 16.1 28.6 WndsrII n 49.01 -0.88 15.2 23.9
GBalA 39.03 -0.56 9.0 7.0 E IntMu n 10.09 -0.08 1.1 0.8 John Hancock Class 1: IntlEqIdx nr 14.99 NA NA NA
StkIdx n 59.70 -0.58 23.1 33.0 Ret2045 n 22.95 -0.35 15.2 12.5 EuropeAdml n 85.29 -1.75 8.2 9.9 VANGUARD INDEX FDS:
GwthA 78.64 -0.75 24.5 17.7 InvGB n 7.20 -0.07 2.5 -5.0 LSBalncd 13.60 -0.17 10.5 5.9 SciTec n 52.74 -0.17 31.3 22.9 ExplrAdml n 113.45 -2.68 9.9 -0.1 EmgMktInstPl 98.86 -1.69 15.3 -0.5
HI TrA 9.82 -0.03 8.8 11.5 Eaton Vance Class I: InvGrBd 10.03 -0.11 2.8 -3.7 Nuveen Cl A:
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
LSGwth 14.52 -0.22 12.7 8.1 SmCap n 57.06 -1.70 9.8 -0.3 ExtndAdml n 139.07 -3.40 12.5 -1.6 ExtndIstPl 343.17 -8.41 12.5 -1.6
HiInMuniA 15.38 -0.17 6.0 2.4 AtlCpSMID 44.06 -1.14 16.4 23.2 LargeCap n 55.08 -0.44 25.4 43.3 JPMorgan A Class: HiYldMuBd p 14.82 -0.18 4.2 -5.1 U.S.EqResch n 57.76 -0.54 24.1 36.6 GNMAAdml n 9.23 -0.09 1.7 -4.6
ICAA 61.11 -0.87 22.7 37.7 Edgewood Growth Instituti: Nuveen Cl I: IdxIntl 20.03 -0.47 9.2 4.5
LowP n 43.26 -1.27 9.0 19.4 EqInc p 25.63 -0.47 15.3 20.2 PRIMECAP Odyssey Fds: GroIncAdml n 111.12 -1.17 23.8 34.4 MdCpGrAdml n 106.65 -1.61 13.4 -1.0
IncoA 25.87 -0.34 12.7 17.1 EdgewoodGrInst 51.83 -0.84 18.5 -1.8 LowPriStkK6 15.26 -0.44 9.4 21.2 HYMunBd 14.83 -0.17 4.3 -4.5
co o
GwthAdv p 38.65 -0.20 26.1 25.7 AggGrowth r nr 47.10 -0.80 9.8 1.3 GrwthAdml n 202.04 0.19 26.7 29.4 MdCpVlAdml n 86.38 -1.99 16.8 21.0
IntBdA 12.52 -0.09 3.0 -0.7 Magin n 15.23 -0.24 27.5 27.0 Inv Bal p 16.43 -0.18 10.9 9.7 Nuveen Cl R: HlthCareAdml nr 92.74 -2.89 8.2 15.6 SmValAdml n 85.40 -2.69 12.1 17.9
IntlGrIncA 38.10 -0.62 8.5 5.3 MidCap n 43.44 -1.17 13.3 19.4 Growth r nr 40.81 -0.62 11.1 16.4
F InvG&I p 20.11 -0.25 13.3 13.6 IntDMunBd 8.85 -0.08 1.9 0.0 Stock r nr 39.90 -0.73 13.7 25.6 HYCorAdml nr 5.46 -0.03 5.9 8.6 TotBd2 9.50 -0.09 2.0 -6.1
N PerA 65.41 -0.86 17.0 8.8 NASDAQ n 235.81 0.36 24.0 25.3 InvGrwt p 26.18 -0.38 15.9 17.8 LmtTrmR 10.85 -0.06 1.4 1.8 InfProAd n 23.17 -0.23 3.0 -5.0 TotIntlInstIdx r 133.99 -3.16 9.4 4.8
NEcoA 66.41 -0.80 23.0 10.0 NewMill n 60.29 -0.84 26.3 53.8 Principal Investors:
Federated Hermes Int: LgCpGwth p 75.90 -0.40 29.7 33.1 InfTechIdx n 308.29 -0.70 25.1 43.7 TotItlInstPlId r 134.02 -3.17 9.4 4.8
NwWrldA 83.33 -1.27 11.1 -2.5 OTC n 20.91 -0.07 27.2 25.5 JPMorgan I Class: O LgIndxI 28.66 -0.28 23.0 32.6
InsHiYld 8.93 -0.04 5.9 7.3 IntlGrAdml n 116.00 -1.30 13.9 -15.9
F
LT2030In 14.80 -0.22 9.8 6.0 TotSt 138.95 -1.63 21.5 26.4
SmCpA 68.94 -1.65 4.1 -17.0 TtlRtnBdI 9.49 -0.10 2.6 -5.2 OTC K 21.45 -0.08 27.2 25.9 ITBondAdml n 10.31 -0.11 2.6 -5.2 VANGUARD INSTL FDS:
STBFA 9.55 -0.03 3.7 3.4 Ovrse n 66.04 -2.21 9.5 1.5 CoreBond 10.28 -0.10 2.8 -4.4 PreSecI 9.33 -0.03 9.9 4.3
Federated Hermes IS: CorePlusBd 7.25 -0.06 3.5 -3.6 Oakmark Funds Invest: ITIGradeAdml n 8.70 -0.09 4.0 -2.1 BalInst 49.67 -0.53 13.7 13.2
TxExA 12.44 -0.11 2.1 -0.1 Puritn n 25.02 -0.27 17.3 20.0 RealEstSecI 30.48 -0.42 11.8 1.7
StraValDivIS 6.27 -0.11 18.1 30.2 EqInc 26.18 -0.47 15.5 21.2 EqtyInc nr 36.06 -0.34 8.5 11.4 Putnam Funds Class A: ITsryAdml n 9.89 -0.08 2.4 -4.3 DevMktsIndInst 16.24 -0.43 7.2 6.5
WshA 64.31 -0.97 18.8 33.9 SAIIntlMinVolInd 11.61 -0.33 6.2 6.9 Oakmark n 152.19 -1.74 14.8 27.6 ITTresIdx n 19.92 -0.16 2.1 -4.7
AMG Managers Funds: Fidelity: GrAdv r 41.07 -0.22 26.4 26.6 PutLargCap p 37.23 -0.59 21.6 37.0 DevMktsInxInst 25.39 -0.66 7.2 6.6
SAIUSMinVolIndFd 22.47 -0.41 20.4 28.8 LgCpGwth 78.15 -0.41 29.9 34.1 OakmrkInt n 26.86 -0.63 0.1 -2.4 LarCapAd n 134.24 -1.31 22.9 30.3
500IdxInstPrem n 201.82 -1.95 23.1 33.2 SAIUSQtyIdx 21.75 -0.26 23.8 39.9 GrOpp p p 69.16 -0.25 26.9 31.1 EmMkInst r 29.72 -0.51 15.2 -0.6
YacktmanFd I 25.13 -0.40 NA NA USEquity 26.32 -0.26 24.3 34.0 Old Westbury Fds: LTGradeAdml n 7.81 -0.15 0.0 -17.3 ExtndInst 139.06 -3.41 12.5 -1.6
Artisan Funds: Contrafund K6 30.67 -0.28 33.2 36.8 SmlCapO n 15.06 -0.53 17.2 16.4 SustainLdrsFd p 135.13 -1.81 24.8 23.2
EmgMktIdxInstPre n 11.35 -0.19 12.9 -6.0 JPMorgan L Class: LrgCpStr n 20.83 -0.31 20.0 12.2 MidCpAdml n 328.37 -6.38 15.3 9.7 FTAlWldIst r 119.59 -2.82 9.7 5.9
IntlVal Inst 50.60 -0.96 11.2 29.1 Srs1000ValIndRet 17.09 -0.39 16.3 22.3 Putnam Funds Class Y: MuHYAdml n 10.72 -0.11 3.2 0.3
ExtMktIdxInstPre n 87.84 -2.14 12.5 -1.6 SrsBlChGroRetail n 18.75 -0.01 31.3 30.8 MdCpVal L 41.26 -1.02 14.8 18.8 MuniBd pn 11.47 -0.09 0.3 -0.8 FTScinst 39.68 -0.34 22.8 28.1
JPMorgan R Class: Sm&MdCapStrategi n 16.72 -0.38 8.4 -9.2 PutLargCap 37.25 -0.58 21.9 38.1 MuIntAdml n 13.61 -0.12 1.5 1.0 GrwthInst 202.05 0.18 26.8 29.4
FidSAIEmerg 14.18 -0.23 16.9 11.5 SrsEmrgMkt 19.84 -0.27 14.5 -7.4 StDurInc 10.13 -0.01 4.7 12.1
B FidSer5 7.66 -0.13 1.9 -13.9 Osterweis Strat Income: MuLTAdml n 10.88 -0.11 1.7 -0.5 InPrSeIn 9.44 -0.09 3.1 -4.8
SrsGlobal 15.23 -0.34 10.0 5.4 CoreBond 10.30 -0.09 3.0 -4.0 MuLtdAdml n 10.87 -0.05 2.4 3.9
FidSer0-5 9.75 -0.03 4.5 6.5 SrsIntlGrw 18.65 -0.41 8.9 4.0 CorePlusBd 7.25 -0.07 3.6 -3.5 OsterweisStrInc n 11.23 -0.01 6.7 13.2 InstIdx 478.24 -4.63 23.1 33.1
Baird Funds: R MuShtAdml n 15.78 -0.04 2.7 6.0 InstPlus 478.24 -4.62 23.1 33.2
FIDSerEmgMkt 9.58 -0.12 13.2 -10.5 SrsGroCoRetail 25.75 -0.03 32.3 32.3 HighYld r 6.60 -0.02 8.1 9.6
AggBdInst 9.81 -0.12 2.6 -4.9 FidSerInt 8.79 -0.04 2.5 -4.3 ShtDurBnd 10.85 -0.03 4.5 6.0 PQ NYLTAdml n 10.88 -0.11 1.7 -0.4 InstTStPlus 98.95 -1.17 21.6 26.9
SrsIntlSmCp 17.87 -0.49 5.4 -7.3 Russell Funds S: PrmcpAdml nr 180.75 -2.43 15.6 28.2 MidCpInst 72.54 -1.41 15.3 9.8
CorBdInst 10.15 -0.13 3.1 -3.6 FidSerToMarket 19.05 -0.22 21.7 27.0 SrsIntlVal 12.97 -0.40 11.1 25.1 USRechEnhEq 45.45 -0.40 24.1 37.1
IntBdInst 10.37 -0.09 3.7 0.2 FIDZroLgCpIx n 20.76 -0.20 23.2 31.5 Parnassus Fds: TaxExBd 21.96 -0.19 1.7 0.8 RealEstatAdml n 135.76 -2.45 11.7 -1.4 MidCpIstPl 357.75 -6.94 15.3 9.8
TotalBond n 9.55 -0.09 3.1 -3.1 TxMngUSLgCp 84.30 -1.05 19.6 24.2 SmCapAdml n 113.25 -2.92 11.9 6.9 RealEstaInstl 21.01 -0.38 11.7 -1.3
ShtTBdInst 9.49 -0.05 4.5 6.1 Flex 500 Index 24.80 -0.24 23.1 33.3 TotalBond K6 8.84 -0.09 3.0 -3.1 L ParnEqFd n 64.96 -1.21 18.2 26.5
Baron Instl Shares: GlexUSIdxInstPre n 15.48 -0.34 9.9 5.5 SmGthAdml n 94.47 -1.73 11.6 -7.3 Rs1000GrwIdxInst758.01 0.15 27.0 34.2
Value n 15.80 -0.47 10.0 21.3 PGIM Funds Cl Z: S STBondAdml n 10.18 -0.04 3.5 2.3 SmCapInst 113.25 -2.91 11.9 6.9
EmergingMktsInst 16.04 -0.28 14.7 -13.0 GrowthCompanyK6 29.87 -0.06 33.1 31.2 Fidelity SAI: Lazard Instl: HighYield 4.84 -0.02 7.9 7.8 STCorpIx n 21.39 -0.08 4.6 4.4 SmCapIstPl 326.87 -8.42 11.9 7.0
n-
GrowthInst 107.35 -3.47 6.2 -5.5 InflPrBdIndInsPr n 9.13 -0.09 3.1 -5.0 FidSAIEmgMktIndx 14.63 -0.24 12.7 -6.5 GlbLstInfr 16.08 -0.38 7.6 25.3 JennGrowth 73.31 -0.28 25.1 17.3
Bernstein Fds: IntlIdxInstPrem n 51.00 -1.26 8.1 9.9 Schwab Funds: STFedAdml n 10.17 -0.04 3.8 2.0 SmValInst 47.74 -1.50 12.1 18.0
FidSAIIntlIndxFd 14.69 -0.36 8.1 9.9 Lord Abbett A: TotalReturnBond 11.99 -0.11 3.4 -4.4 STIGradeAdml n 10.35 -0.05 4.6 4.4 STBdIdxInstPl 10.18 -0.04 3.6 2.4
DivrMuni n 13.90 -0.09 2.1 1.7 IntlIndex n 12.14 -0.28 9.7 5.6 1000 Inv nr 125.20 -1.34 22.3 28.7
IntlValIdx 10.05 -0.24 7.7 20.1 Affiltd p 19.77 -0.37 18.6 22.0 PIMCO Fds Instl: FunUSLgInst nr 28.40 -0.56 17.0 32.8 STIPSIxAdm n 24.46 -0.08 4.4 6.4 STBDInst 10.18 -0.04 3.6 2.3
IntmDur n 11.28 -0.12 2.2 -6.5 IntrTresBdIxPrem n 9.69 -0.10 1.7 -7.1 LowDurationInc 10.17 0.00 4.6 11.2 BdDeb p 7.19 -0.06 6.5 -1.0
LgCpGwId InstPre n 37.46 0.01 27.0 34.3 AllAsset 11.18 -0.16 5.4 1.8 IntI Sel nr 24.36 -0.61 8.0 9.5 STsryAdml n 9.86 -0.03 3.6 2.1 STIGradeInst 10.35 -0.05 4.6 4.5
BlackRock Funds: SAIInflaFocFd 87.55 2.05 6.5 -4.1 ShtDurIncmA p 3.87 -0.01 4.4 4.7 HiYld 8.06 -0.04 6.0 7.9 TotBdAdml n 9.62 -0.10 2.0 -6.0 STIPSIxins 24.48 -0.08 4.4 6.4
LgCpVlIdxIstPrem n 18.75 -0.43 16.3 22.2 S&P Sel n 89.98 -0.87 23.1 33.1
HiYBlk 7.16 -0.04 7.8 11.0 ShortTermBd 9.72 -0.02 4.2 5.5 Lord Abbett I: IntlBdUSH 9.93 -0.05 4.1 2.7 SmCp Sel nr 35.81 -1.11 10.2 -0.1 TotIntBdIdxAdm n 20.00 -0.09 3.1 -2.0 TotBdInst 9.62 -0.10 2.0 -5.9
LTTrsBdIdxInstPr n 9.57 -0.18 -2.8 -27.0 TotalBd 9.05 -0.08 3.5 -2.4
HiYldBd Inst 7.16 -0.04 7.7 10.8 MidCpInxInstPrem n 34.38 -0.69 14.8 11.2 BdDebentr 7.15 -0.06 6.7 -0.3 InvGrdCrBd 9.03 -0.09 4.0 -4.5 TSM Sel nr 98.48 -1.14 21.6 26.9 TotIntlAdmIdx nr 33.51 -0.79 9.3 4.7 TotBdInst2 9.50 -0.09 2.1 -5.9
BlackRock Funds A: U.S.TreBdIdx 8.77 -0.08 1.6 -7.0 ShtDurInc p 3.87 -0.01 4.8 5.4 LowDur 9.26 -0.03 4.1 3.5 SmeadFds: TotStAdml n 138.98 -1.63 21.6 26.8 TotBdInstPl 9.62 -0.10 2.0 -5.9
no
.
2:00 42949.07 43007.95 42411.40 42331.90 42108.66
Amazon.com -1.16 2:30 42920.08 42987.10 42356.73 42347.00 42159.42 % (QCHAQ) –.15 +.15 –1.07 +.31 +.20
42525
ly
American Express -9.44 3:00 42900.20 42940.75 42502.80 42337.88 42195.27 Market Advance/Decline Totals
Amgen -4.68 3:30 42920.21 42969.96 42490.98 42384.12 42143.66 NYSE NYSE
Apple -3.59 Close 42931.60 42924.89 42514.95 42374.36 42114.40 Weekly Comp. NYSE Amer Nasdaq Arca
Boeing 0.01 High (t) 43463.04 43198.45 42977.12 42693.91 42786.74 Total Issues 2,900 316 4,675 2,206
Caterpillar -7.89 Low (t) 42721.96 42484.04 42162.30 42066.15 41981.14 Advances 610 101 1,433 304
Chevron 0.06 41500 Declines 2,260 204 3,153 1,894
on
High (a) 43310.87 43041.05 42834.40 42522.55 42594.64
Cisco Systems -1.02 Unchanged 30 11 89 8
Low (a) 42877.57 42718.26 42293.17 42191.83 42051.39 New Highs 290 33 320 162
Coca-Cola -3.52 Change –344.31 –6.71 –409.94 –140.59 –259.96 New Lows 81 14 245 40
Disney -2.25
Week ended last Friday compared to previous Friday
Dow -3.41 Theoretical (t): High 43463.04 Low 41981.14
Goldman Sachs -15.90 40475 Actual (a): High 43310.87 Low 42051.39 NYSE Composite Daily Breadth
Home Depot -16.09 Daily Oct 21 22 23 24 25
us ,
Honeywell International -14.02 Issues Traded 2,869 2,863 2,846 2,848 2,851
IBM -17.53 Dow Jones 20 Transport (divisor: 0.15395808703479) Advances 575 1,210 722 1,511 1,023
l
Intel -0.09 Open (t) 16311.91 16218.63 16140.95 16158.10 16147.64 Declines 2,229 1,559 2,047 1,268 1,745
Johnson & Johnson -4.24 39450
e
Open (a) 16359.76 16165.96 16169.95 16147.64 16127.08 Unchanged 65 94 77 69 83
al a
JPMorgan Chase -3.06 10:00 16239.40 16168.76 16145.79 16096.14 16166.77 New Highs 135 76 68 101 105
McDonald's -23.95 10:30 16237.53 16139.64 16107.18 15988.65 16185.91 New Lows 24 30 40 33 23
Merck -4.72 Blocks - primary 4,213 4,046 4,115 4,295 4,230
11:00 16228.64 16170.47 16132.31 16057.85 16216.54
Microsoft 9.99 Total (000) - primary 805,009 795,377 812,741 852,243 814,586
ci on
11:30 16184.50 16185.18 16063.96 16069.98 16201.84 Total (000) 3,407,016 3,342,089 3,532,659 3,543,030 3,501,285
Nike Cl B -4.07 38425 12:00 16169.89 16198.82 16090.04 15991.82 16145.14
Procter & Gamble -3.06 12:30 16185.37 16208.42 16104.71 15971.48 16157.90
NYSE American Composite
Salesforce -2.48 1:00 16224.33 16249.08 16112.62 15992.18 16170.73 Daily Oct 21 22 23 24 25
Travelers -14.95 Issues Traded 301 295 296 293 296
1:30 16243.53 16237.66 16080.57 16001.69 16133.10
UnitedHealth Group -5.05 Advances 108 138 89 123 121
2:00 16220.16 16301.45 16076.62 16031.81 16067.73
Verizon Communications -2.61 Declines 175 140 195 159 158
Visa Cl A -8.89
37400 2:30 16197.49 16318.22 16011.86 16013.24 16069.21
Unchanged 18 17 12 11 17
May June July August September October 3:00 16175.92 16294.56 16056.31 16041.55 16112.48
Walmart 1.20 New Highs 21 13 6 9 7
er s
3:30 16209.58 16288.60 16065.83 16050.86 16102.08 New Lows 3 1 6 10 6
Close 16190.12 16249.94 16087.50 16077.10 16104.19 Blocks - primary 154 119 134 124 135
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High (t) 16383.94 16360.75 16255.11 16299.79 16304.47 Total (000) - primary 14,436 10,877 12,777 12,804 13,351
Transportation Low (t) 16087.04 16069.31 15978.70 15884.52 15996.40
m er High (a) 16359.76 16332.86 16215.79 16216.83 16238.81
Total (000)
Nasdaq
211,209 171,519 244,934 225,960 221,914
May June July August September October Low (t) 1057.03 1049.78 1058.85 1060.20 1045.78 NYSE Amer Comp 5392.36 5384.60 5297.91 5314.18 5344.99
High (a) 1071.41 1062.66 1071.38 1074.31 1068.09 AmMajorMkt 3923.81 3915.42 3887.87 3864.05 3832.51
Duke Energy -3.55 NYSE Comp.-z 19720.32 19653.36 19594.24 19560.73 19456.27
11:00 13673.42 13614.67 13577.52 13534.48 13557.90
Edison International -1.52 Financial-z 11955.96 11948.80 11928.59 11951.35 11826.17
Exelon -0.88 11:30 13628.43 13628.16 13546.53 13500.25 13508.62
12:00 13657.23 13626.50 13574.55 13481.84 13505.71 Health Care-z27137.08 27051.24 26951.01 26710.40 26539.28
FirstEnergy -0.25 Energy-z 13838.31 13851.77 13747.08 13769.78 13798.19
12:30 13652.44 13643.16 13555.39 13482.90 13511.16
NextEra Energy -2.95 930 1:00 13665.25 13650.83 13560.43 13495.09 13499.13
Russell 1000 3197.64 3194.92 3166.33 3173.90 3171.64
Public Svc Enterprise -0.13 2000 2239.71 2231.53 2213.84 2218.92 2207.99
Sempra -1.58 1:30 13660.75 13656.03 13540.88 13503.18 13460.66 3000 3334.20 3330.93 3301.27 3309.16 3306.15
Southern -1.36 2:00 13654.87 13682.38 13523.86 13490.22 13437.82 Value-v 1888.72 1883.29 1879.93 1875.61 1862.92
Xcel Energy 0.39 2:30 13643.31 13681.89 13503.70 13495.54 13452.77 Growth-v 3868.39 3872.19 3812.53 3837.99 3856.27
875 3:00 13637.72 13665.08 13547.21 13497.78 13465.57 MidCap 3567.74 3548.19 3534.98 3544.38 3529.27
3:30 13648.54 13670.58 13546.42 13510.09 13448.85 S&P 100 Index 2825.84 2830.94 2797.71 2806.39 2809.85
Close 13645.22 13655.63 13556.50 13513.66 13440.59 500 5853.98 5851.20 5797.42 5809.86 5808.12
High (t) 13809.63 13737.82 13687.21 13642.68 13651.88 Ind. 8394.22 8390.70 8292.64 8316.22 8333.55
Low (t) 13575.55 13512.45 13443.48 13407.01 13389.80 MidCap 3160.23 3139.31 3122.46 3127.72 3107.51
820 High (a) 13756.10 13692.52 13624.53 13569.22 13583.11 SmallCap 1410.18 1401.99 1393.23 1397.61 1390.67
May June July August September October Low (a) 13620.16 13574.47 13484.25 13457.06 13420.78 Value Line(A) 11089.45 11028.92 10965.58 10989.93 10954.98
Value Line(G) 623.03 619.51 615.78 616.95 614.78
Note: Theoretical highs and lows are shown. A red chart indicates a lower price than the starting period. Green means it's higher than the starting period. Change –118.57 +10.41 –99.13 –42.84 –73.07
DJ US Small TSM15386.88 15308.54 15193.52 15243.38 15172.77
Theoretical (t): High 13809.63 Low 13389.80 (A)-Arithmetic Index. (G)-Geometric Index.
Actual (a): High 13756.10 Low 13420.78 (v)-Value 1000 and Growth 1000. (y)-Dec. 31,1965=50. (z)-Dec. 31,2002=5000.
50 BARRON’S October 28, 2024
.
Divs $ 748.29 747.57 724.57 Daily Stock Volume 10/21 10/22 10/23 10/24 10/25
12088.94 8154.87 Financial-z 11955.96 11826.17 11826.17 –262.77 –2.17 3671.30 45.02 1944.39 19.68
Mkt to Book 5.29 5.43 4.23 NYSE(a) 805,009 795,377 812,741 852,243 814,586
ly
28478.56 22022.96 Health Care-z 27137.08 26539.28 26539.28 –908.87 –3.31 4516.32 20.51 2372.14 9.82
Book Value $ 7964.47 7964.47 7664.40 30 Inds (b) 273,596.8 335,203.0 356,619.2 282,684.2 314,003.7
14932.83 12658.71 Energy-z 13851.77 13747.08 13798.19 –72.31 –0.52 519.98 3.92 538.65 4.06 20 Trans (b) 88,826.0 82,718.5 86,757.2 152,289.3 110,076.3
DJ Trans Avg 16104.19 16383.13 13556.07
NYSE American Stock Exchange 15 Utils (b) 44,850.4 51,743.6 53,758.7 45,569.4 47,429.4
P/E Ratio 18.40 19.25 12.25
5405.73 4410.82 NYSE Amer Comp 5392.36 5297.91 5344.99 –60.74 –1.12 883.42 19.80 750.67 16.34 Earns Yield % 5.44 5.19 8.16 65 Stks (b) 407,273.2 469,665.2 497,135.0 480,542.9 471,509.4
3952.02 2958.35 Major Mkt 3923.81 3832.51 3832.51 -111.37 –2.82 874.16 29.55 444.42 13.12 NYSE Amer(a) 14,436 10,877 12,777 12,804 13,351
Earns $ 875.37 850.95 1106.28 Nasd(d) 6,092,188 6,407,182 6,245,617 5,761,286 6,100,042
Standard & Poor's Indexes
on
Divs Yield % 1.46 1.44 1.58 NYSE 15 Most Active
2830.94 1939.19 100 Index 2830.94 2797.71 2809.85 –13.65 –0.48 870.66 44.90 573.66 25.65 Divs $ 235.58 235.58 214.45 Avg. Price 16.20 23.95 23.38 20.14 19.85
5864.67 4117.37 500 Index 5853.98 5797.42 5808.12 –56.55 –0.96 1690.75 41.06 1038.29 21.77 Mkt to Book 4.11 4.19 3.86 % Tot Vol 15.95 15.42 14.86 14.78 17.03
8419.19 5928.50 Indus 8394.22 8292.64 8333.55 –59.97 –0.71 2405.05 40.57 1504.59 22.03 Book Value $ 3914.65 3914.65 3514.52 Numbers in thousands save price and percentages. (a) Primary volume. (b) Composite volume.
3198.21 2326.82 MidCap 3160.23 3107.51 3107.51 –90.70 –2.84 780.69 33.55 325.97 11.72 DJ Utility Avg 1046.99 1067.18 812.89 (d) as of 4:10 pm. (r) Revised. (v) W/E Thursday. (z) Source: LSEG.
1442.34 1068.80 SmallCap 1410.18 1390.67 1390.67 –44.49 –3.10 321.87 30.11 72.41 5.49 P/E Ratio 22.52 23.08 19.22
Nasdaq Stock Market Earns Yield % 4.44 4.33 5.20
us ,
18647.45 12643.01 Comp 18573.13 18276.65 18518.61 29.05 0.16 5875.60 46.47 3507.25 23.36 Earns $ 46.49 46.23 42.29
20675.38 14180.42 100 Index 20383.65 20066.96 20352.02 27.98 0.14 6171.60 43.52 3526.08 20.96 Divs Yield % 3.08 3.02 3.78 NYSE HALF-HOURLY VOLUME
l
10739.83 8065.01 Indus 10739.83 10454.40 10739.83 93.95 0.88 2674.81 33.17 1266.12 13.36 Divs $ 32.22 32.22 30.69
e
16486.97 11786.96 Insur 16044.94 15723.95 15723.95 –406.60 –2.52 3936.99 33.40 3121.44 24.77 Mkt to Book 2.22 2.26 1.80 Daily 10/21 10/22 10/23 10/24 10/25
al a
4446.89 2879.14 Banks 4339.72 4250.48 4250.48 –170.99 –3.87 1371.34 47.63 475.37 12.59 Book Value $ 472.26 472.26 450.45 9:30-10:00 83,282 79,961 78,831 80,655 81,832
17898.70 10909.52 Computer 17323.87 16998.04 17179.30 68.36 0.40 6269.78 57.47 4183.08 32.19 S&P 500 Index 5808.12 5864.67 4117.37 10:00-10:30 32,421 33,296 34,424 35,560 36,738
473.17 377.20 Telecom 473.17 463.84 468.15 –1.33 –0.28 84.71 22.09 51.05 12.24 P/E Ratio 30.35 30.64 22.75 10:30-11:00 29,645 27,305 28,843 30,054 28,802
ci on
Russell Indexes Earns Yield % 3.30 3.26 4.40 11:00-11:30 27,118 26,569 26,642 26,020 27,670
3205.73 2250.71 1000 3197.64 3166.33 3171.64 –34.08 –1.06 920.93 40.92 549.51 20.96 Earns $ 191.39 191.39 181.01 11:30-12:00 24,315 21,321 22,401 26,176 24,237
2286.68 1636.94 2000 2239.71 2207.99 2207.99 –68.10 –2.99 571.06 34.89 180.92 8.93 Divs Yield % 1.30 1.29 1.72 12:00-12:30 19,389 19,358 20,356 24,780 20,893
3344.79 2351.42 3000 3334.20 3301.27 3306.15 –38.64 –1.16 954.73 40.60 557.94 20.30 Divs $ 75.51 75.65 70.82 12:30-1:00 17,359 19,515 18,154 20,287 20,135
1905.72 1415.59 Value-v 1888.72 1862.92 1862.92 –42.80 –2.25 447.33 31.60 233.50 14.33 Mkt to Book 5.25 5.30 4.02 1:00-1:30 17,338 18,283 23,308 20,046 21,490
3872.19 2592.40 Growth-v 3872.19 3812.53 3856.27 0.74 0.02 1263.87 48.75 804.60 26.37 Book Value $ 1106.21 1106.21 1024.56 1:30-2:00 16,920 18,871 21,233 21,863 22,076
3600.91 2594.10 MidCap 3567.74 3529.27 3529.27 –71.64 –1.99 935.17 36.05 417.39 13.41 S&P Ind Index 8333.55 8393.52 5928.50 2:00-2:30 20,289 19,409 26,858 19,482 24,786
Others P/E Ratio 33.79 34.03 26.05 2:30-3:00 19,370 20,443 23,789 23,237 20,789
er s
11213.31 8310.43 Value Line-a 11089.45 10954.98 10954.98 –258.33 –2.30 2644.55 31.82 936.82 9.35 Earns Yield % 2.96 2.94 3.84 3:00-3:30 26,599 27,429 28,514 27,429 26,799
Earns $ 246.62 246.62 227.55 3:30-4:00 470,966 463,619 459,389 496,654 458,339
630.13 498.09 Value Line-g 623.03 614.78 614.78 –15.35 –2.44 116.69 23.43 20.92 3.52
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15657.99 11320.09 DJ US Small TSM 15386.88 15172.77 15172.77 –444.49 –2.85 3852.68 34.03 1120.30 7.97 Divs Yield % 1.15 1.14 1.51
Divs $ 95.84 95.69 89.52
Selected IPOs
1187.86
1263.18
831.60
907.97
Barron's Future Focus
Barron's 400
1178.25
1249.06
1169.67
1229.15
1171.74
1229.15
m er
–16.12
–33.19
–1.36
–2.63
340.14
321.18
40.90
35.37
143.37
156.75
13.94
14.62
Mkt to Book 6.97 7.02 5.41
Book Value $ 1195.42 1195.42 1095.83
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 Initial Offer
Ticker IPO Date Recent Price %Chg
Price
Septerna SEPN 18.00 10/25 21.40 18.9%
WeRide WRD 15.50 10/25 16.55 6.8%
m rp
U.S. Dollar Index vs Euro and Yen Per Share Values of Stocks
Ingram Micro
Founder Group
INGM
FGL
22.00
4.00
10/24
10/23
24.25
3.42
10.2%
-14.5%
High Roller Technologies ROLR 8.00 10/23 7.75 -3.1%
Deficit Voting: The federal deficit looks likely to grow, no matter who is elected president in two weeks.
That may make it hard to restrain inflation and interest rates, long term. Yields rose and so did the dollar. In the Dow Jones Averages Li Bang International
SAG
LBGJ
SAG
4.00
8.00
10/23
10/23
3.81
6.00
-4.8%
-25.0%
Measuring the greenback against six currencies, the ICE U.S. Dollar Index rose 0.8% on the week. This is a list of the Dow Jones trailing 52-week diluted share Synergy CHC SNYR 9.00 10/23 8.40 -6.7%
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
Industrial Stocks
EURO in $
5
Book Book
Investor Sentiment Readings New Listings
s Earns Divs. Value Earns Divs. Value
NYSE
F
Am Exp 13.59 2.70 38.81 Johnson&Johnson 6.94 4.86 28.57 High bullish readings in the Consensus stock index or in the
s Amgen 5.81 8.88 11.64 JPMorganChase 17.97 4.60 104.45 Market Vane stock index usually are signs of Market tops; low Ingram Micro (INGM)
Apple 6.57 0.98 4.00 McDonalds 11.43 6.68 (6.44) ones, market bottoms. NYSE American
0 Boeing (12.90) Nil (28.27) Merck Co 5.39 3.08 14.84 Last Week 2 Weeks Ago 3 Weeks Ago
YEN in $ High Roller Tech (ROLR)
Caterpillar 21.96 5.31 39.04 Microsoft 11.81 3.00 36.11
Chevron Corp 10.10 6.40 86.27 Nike Inc 3.49 1.48 9.60 Consensus Index
Nasdaq
Cisco Sys 2.54 1.59 10.91 Proc Gam 5.80 3.9602 21.00
-5 Coca Cola 2.42 1.92 6.02 3M Co 7.92 4.41 8.70 Consensus Bullish Sentiment 71% 69% 68% Biosig Technologies (BSGM)
s Disney Walt 2.61 0.75 54.25 Salesforce.com 5.75 1.20 61.43 FB Bancorp (FBLA)
Dow 1.50 2.80 26.49 Travelers Cos 19.50 4.10 109.21
AAII Index
DXY (104.31) Founder Group (FGL)
Goldman Sachs 34.08 11.25 326.90 UnitedHealthGrp 15.35 7.96 96.06 HUHUTECH (HUHU)
Bullish 37.7% 45.5% 49.0%
-10 Home Depot 14.86 8.84 1.05 Verizon 2.32 2.67 21.98
Li Bang (LBGJ)
Honeywell 8.66 4.32 24.31 Visa 8.95 2.08 18.31 Bearish 29.9 25.4 20.6
National Energy Serv (NESR)
N D J F M A M J J A S O IBM 6.87 6.66 24.63 Amazon 1.88 Nil 19.44 Neutral 32.4 29.2 30.4
Intel 0.23 0.50 24.97 Wal-mart 5.60 0.8125 10.41 SAG (SAG)
Source: Tullett Prebon
n-
Septerna (SEPN)
Market Vane
Transportation Stocks Synergy CHC (SNYR)
Bullish Consensus 72% 72% 71% WeRide (WRD)
AlaskaAirGroup 1.72 Nil 32.62 Kirby Corp 4.71 Nil 54.33
SEC Form 144 must be filed by holders of restricted securities (also called letter stock) who intend to
sell shares. Shares Indicated: the number to be sold. Sales Date: the approximate date of the sale.
C.H. Robinson 2.77
CSX Corp 1.86
2.45 12.15
0.47 6.19
Norf Southern
Old Dominion
10.65
5.72
5.40 56.63
0.98 19.54 Sources: Consensus Inc.; American Association of Suspended
(Sometimes shares aren't sold, even though their owner has filed a Form144.) Source: LSEG Data and Delta Air Lines 7.20 0.50 17.26 Ryder Sys 10.89 2.94 69.91 NYSE & NYSE American
Individual Investors; Market Vane; TIM Group
Yields (%) Analytics Expeditors Int'l 4.66 1.42 16.62 Southwest Air (0.07) 0.72 17.63 None
Monday When Issued* Last Auction FedEx 16.22 5.28 112.90 Un Pacific 10.89 5.24 24.25
Shares Sale Nasdaq
Hunt (JB) 5.50 1.71 39.76 UPS 6.62 6.51 20.29
Company Sym Indicated $ Value Date Seller Title Gritstone bio (GRTS)
$81.0 bil
$72.0 bil
3-month
6-month
4.608
4.486
4.510
4.310 Kinder Morgan KMI 900,000 22,275,000 10/21/24 Shaper, Charles D
UberTechnologies 0.07 Nil 5.43 United Airlines 8.29 Nil 28.43
Arms Index Notable Labs (NTBL)
Orgenesis (ORGS)
$69.0 bil 2-year 4.055 3.520 Dream Finders Homes DFH 412,409 13,713,648 10/17/24 Lovett, William D Utility Stocks The Arms index, also known as the short term trading index, Sharecare (SHCR)
is a number derived by dividing one quotient into another
Vse VSEC 326,800 34,575,440 10/17/24 Koonce, Calvin FO quotient. The numerator in the index is the number of
$70.0 bil
Tuesday
5-year 4.016 3.519
General Motors GM 300,000 15,946,853 10/23/24 Barra, Mary OD AES Corp.
AmericanElecPower
1.05
5.02
0.68 2.46
3.52 47.98
Exelon
FirstEnergy
2.43
1.56
1.50 25.78
1.67 18.17
advancing stocks divided by the number of declining stocks.
As of 3/14/11, the denominator in the index is now the
composite volume of advancing stocks divided by the
Name
Toast TOST 300,000 9,116,072 10/18/24 Elworthy, Brian O
$48.0 bil 1-year 4.262 3.780 Akero Therapeutics AKRO 225,000 6,709,500 10/16/24 Cheng, Andrew CEO
AmericanWaterWorks
Atmos Energy
4.91
6.81
2.95 50.31
3.22 73.20
NextEra Energy
Xcel Energy
3.38
3.35
2.01 23.13
2.16 31.74
composite volume of declining stocks.
Daily 10/21 10/22 10/23 10/24 10/25
Changes
Zoom Video Communications ZM 214,292 15,465,454 10/21/24 Yuan, Eric CEO Con Ed 5.15 3.30 61.33 Pub Sv Ent 3.30 2.37 31.08 NYSE & NYSE American
$70.0 bil 7-year 4.103 3.668
DominionEnergy 1.90 2.67 30.72 Sempra Energy 4.68 2.46 44.00 None
Kinder Morgan KMI 209,858 5,175,000 10/22/24 Shaper, Charles D NYSE .68 .86 .74 1.02 1.02
* As of Friday afternoon. Duke Energy 5.43 4.12 61.15 Southern Co. 4.21 2.84 28.61 Nasdaq
General Motors GM 206,824 11,081,113 10/23/24 Barra, Mary OD NYSE American .97 1.02 .71 .48 .76
Edison Int'l 2.50 3.12 36.02 Advanced Flower Capital
Abbott Laboratories ABT 157,421 18,715,783 10/21/24 Allen, Hubert O Nasdaq .28 .44 .76 .72 .44 (AFCG), formerly AFC Gamma
October 28, 2024 BARRON’S 51
Dow Jones U.S. Total Market Industry Groups CBOE Put / Call Ratio Foreign Exchange
Foreign
Currency
Foreign
Currency
U.S. $ in
Foreign
U.S. $ in
Foreign
Net Change % Change and Ranking 52 Week vs. S&P 100 Country
in U.S.$
Fri.
in U.S.$
Last Fri.
Currency
Fri.
Currency
Last Fri.
Top 20 Weekly Ranked IG-Sym Close Wkly YTD Week Rank Yr Ago Rank YTD Rank 3 Yr High Low
Readings in the CBOE equity put-call ratio of 60:100 and in the Argentina (Peso)-y .0010 .0010 984.9910 980.6644
Automobiles DJUSAU 949.90 + 149.55 71.01 +18.69 [1] +26.52 [79] +8.08 [90] –8.98 949.90 560.40 S&P 100 of 125:100 are considered bullish, for instance. Bearish
signals flash when the equity put-call level reaches the vicinity of Australia (Dollar) .6605 .6706 1.5140 1.4912
Automobiles & Parts DJUSAP 1060.06 + 149.15 54.67 +16.37 [2] +22.03 [86] +5.44 [97] –9.69 1,060.06 670.33 30:100 and the index ratio hits 75:100. Bahrain (Dinar) 2.6526 2.6526 .3770 .3770
Tobacco DJUSTB 885.22 + 46.85 221.39 +5.59 [3] +34.52 [62] +33.35 [6] +7.28 900.55 626.89 Brazil (Real) .1752 .1757 5.7077 5.6928
Marine Transportation DJUSMT 411.96 + 10.70 154.34 +2.67 [4] +58.04 [11] +59.91 [2] +30.53 425.38 238.94 S&P 100 CBOE Bulgaria (Lev) .5521 .5555 1.8112 1.8001
Personal Products DJUSCM 445.74 + 7.28 –93.81 +1.66 [5] –7.70 [132] –17.39 [134] –15.15 567.87 422.60 Canada (Dollar) .7198 .7245 1.3894 1.3802
Toys DJUSTY 1133.40 + 14.78 6.83 +1.32 [6] +16.66 [102] +.61 [108] –3.50 1,167.50 936.24
Durable Hshld Pdts DJUSHD 153.85 + 1.96 4.81 +1.29 [7] +14.12 [108] +3.22 [103] –20.61 153.85 119.87
32.60 0.90 Chile (Peso) .001055 .001049 947.90 953.46
China (Renminbi) .1404 .1408 7.1211 7.1018
Software DJUSSW 7062.08 + 83.10 853.53 +1.19 [8] +31.17 [73] +13.75 [71] +6.42 7,300.31 5,266.42 Colombia (Peso) .0002312 .0002343 4325.89 4267.50
Semiconductor DJUSSC 20034.70 + 216.53 8,651.94 +1.09 [9] +124.36 [1] +76.01 [1] +36.62 20,738.15 8,859.38
.
Denmark (Krone) .1447 .1457 6.9114 6.8633
Software & Computer Svcs DJUSSV 6613.57 + 38.63 1,047.72 +.59 [10] +37.00 [51] +18.82 [52] +6.45 6,861.53 4,730.56 26.10 0.80 EcuadorUS Dollar 1.0000 1.0000 1.0000 1.0000
Trucking DJUSTK 1738.51 + 9.91 –2.88 +.57 [11] +14.64 [105] –.17 [110] +4.59 1,975.64 1,480.43
ly
Egypt (Pound)-y .0205 .0206 48.7687 48.6299
Oil Equipment & Svcs DJUSOI 262.04 + 1.22 –37.90 +.47 [12] –17.50 [137] –12.64 [130] +8.53 326.08 248.22 Hong Kong (Dollar) .1287 .1287 7.7702 7.7709
Oil Equip, Svcs & Distri DJUSOQ 453.44 + 2.05 56.91 +.45 [13] +13.20 [110] +14.35 [70] +13.57 462.49 368.98
Pipelines DJUSPL 994.87 + 4.41 282.46 +.45 [14] +44.60 [31] +39.65 [4] +14.98 1,001.25 677.92 19.60 0.70 Hungary (Forint) .002670 .002716 374.47 368.18
Iceland (Krona) .007240 .007279 138.12 137.39
Leisure Goods DJUSLE 760.81 + 2.12 –20.96 +.28 [15] +14.55 [107] –2.68 [118] –4.97 789.33 641.75
India (Rupee) .01189 .01189 84.098 84.071
Internet DJUSNS 4502.29 + 11.13 1,005.49 +.25 [16] +47.62 [26] +28.75 [15] +6.68 4,779.59 2,988.18
on
Indonesia (Rupiah) .0000637 .0000646 15698 15477
Insurance Brokers DJUSIB 781.33 + .31 155.95 +.04 [17] +23.38 [83] +24.94 [26] +8.67 789.44 616.58 13.10 0.60 Israel (Shekel) .2639 .2690 3.7895 3.7178
Electronic Equipment DJUSAI 1180.78 + .42 237.75 +.04 [18] +54.25 [14] +25.21 [25] +4.04 1,185.05 760.82
Japan (Yen) .006566 .006688 152.30 149.53
Delivery Svcs DJUSAF 1319.93 + .20 –55.90 +.02 [19] +3.91 [125] –4.06 [121] –5.92 1,442.81 1,200.27
Kazakhstan (Tenge) .002051 .002071 487.46 482.92
Fixed Line Telecom DJUSFC 130.47 – .06 30.60 –.05 [20] +46.17 [27] +30.64 [11] +3.68 134.20 87.19
6.60 0.50 Kuwait (Dinar) 3.2628 3.2619 .3065 .3066
Net Change % Change and Ranking 52 Week Macau (Pataca) .1247 .1249 8.0202 8.0045
Malaysia (Ringgit)-b .2304 .2323 4.3400 4.3045
us ,
Top 20 Yr Ago Ranked IG-Sym Close Wkly YTD Week Rank Yr Ago Rank YTD Rank 3 Yr High Low
New Zealand (Dollar) .5977 .6073 1.6731 1.6466
0.10 0.40
l
Semiconductor DJUSSC 20034.70 + 216.53 8,651.94 +1.09 [9] +124.36 [1] +76.01 [1] +36.62 20,738.15 8,859.38 Norway (Krone) .0911 .0915 10.9723 10.9255
Recreational Svcs DJUSRQ 135.32 – 2.05 29.59 –1.49 [50] +82.82 [2] +27.98 [17] +9.52 138.53 73.84 N D J F M A M J J A S O Oman (Rial) 2.5975 2.5974 .3850 .3850
e
al a
Home Construction DJUSHB 2896.52 – 262.70 516.80 –8.32 [134] +78.09 [3] +21.72 [37] +25.61 3,159.22 1,638.55 Pakistan (Rupee) .00359 .00360 278.187 277.737
Technology Hardware & Equip DJUSTQ 7683.63 – 5.07 2,506.57 –.07 [21] +76.85 [4] +48.42 [3] +25.71 7,848.54 4,289.23 Source: CBOE Philippines (Peso) .01708 .01739 58.565 57.520
Aluminum DJUSAL 140.40 – 2.08 24.25 –1.46 [48] +72.40 [5] +20.88 [42] –7.04 152.16 80.31 Poland (Zloty) .2485 .2524 4.0241 3.9613
Asset Managers DJUSAG 369.18 – 7.81 84.76 –2.07 [69] +71.91 [6] +29.80 [12] +4.90 376.99 211.97 Qatar (Rial) .2736 .2745 3.6548 3.6430
ci on
Heavy Construction
Construction & Materials
DJUSHV
DJUSCN
1526.60
1883.82
– 56.12
– 83.68
399.96
396.59
–3.55
–4.25
[109]
[123]
+64.43
+61.80
[7]
[8]
+35.50
+26.67
[5]
[21]
+24.96
+12.38
1,588.21
1,967.50
906.83
1,160.16 Coming Earnings Saudi Arabia (Riyal)
Singapore (Dollar)
.2662
.7570
.2662
.7632
3.7561
1.3210
3.7561
1.3102
Bldg Materials & Fixtures DJUSBD 2355.29 – 108.76 467.51 –4.41 [124] +60.99 [9] +24.76 [27] +10.51 2,464.05 1,460.77 Consensus Estimate Year ago South Africa (Rand) .0565 .0568 17.6895 17.5997
Banks DJUSBK 610.69 – 9.42 120.90 –1.52 [51] +59.99 [10] +24.68 [28] –.64 621.57 375.25 South Korea (Won) .0007200 .0007302 1388.85 1369.51
Marine Transportation DJUSMT 411.96 + 10.70 154.34 +2.67 [4] +58.04 [11] +59.91 [2] +30.53 425.38 238.94 M Sri Lanka (Rupee) .0034 .0034 294.2700 292.8300
Airlines DJUSAR 189.39 – 3.90 40.74 –2.02 [66] +57.70 [12] +27.41 [19] –.34 193.29 116.42 Sweden (Krona) .0941 .0951 10.6233 10.5204
F5 (Q4) $3.45 $3.50
Specialty Retailers DJUSRS 3331.97 – 58.35 807.92 –1.72 [59] +54.51 [13] +32.01 [8] +2.63 3,398.85 2,126.09 Switzerland (Franc) 1.1538 1.1565 .8667 .8647
Electronic Equipment DJUSAI 1180.78 + .42 237.75 +.04 [18] +54.25 [14] +25.21 [25] +4.04 1,185.05 760.82 Ford Motors (Q3) 0.47 0.39
er s
Taiwan (Dollar) .03117 .03119 32.079 32.057
Travel & Tourism DJUSTT 1142.17 – 13.33 161.86 –1.15 [41] +54.07 [15] +16.51 [61] +10.80 1,185.71 720.02 Waste Management (Q3) 1.89 1.63 Thailand (Baht) .02969 .03018 33.680 33.140
Electronic & Electrical Equip DJUSEE 857.72 – .68 187.02 –.08 [22] +53.72 [16] +27.88 [18] +7.49 861.57 555.03
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
intermediate-term moving Electric power, (mil. kw hrs) (EEI) Oct 19 70,893 73,640 69,105 2.59 Inflation Humana (Q3) 3.38 7.78
average crossover (MAC) point. T-Bills Rate
Petroleum, related capacity, % Oct 18 89.5 87.7 85.6 4.56 ECRI Industrial Price Index f Oct 25 115.51 115.01 118.37 –2.42 Meta Platforms (Q3) 5.21 4.39
When greater than 50% of the
stocks followed are above this Rotary rigs running, U.S. & Can., (Hughes) Oct 25 801 802 821 –2.44 Microsoft (Q1) 3.10 2.99 13 weeks, Coupon Yield 4.625 4.631 5.472
MAC point, the market is Employment 13 weeks, Auction Rate 4.510 4.515 5.310
bullish. When the indicator is Steel, (thous. tons) Oct 19 1,631 1,620 1,703 –4.23 Vulcan Materials (Q3) 2.34 2.29
below 50%, risk is elevated and Initial jobless claims (thous.) Oct 19 227 r242 213 6.57 26 weeks, Coupon Yield 4.467 4.425 5.564
Steel, rated capacity, % (AISI) Oct 19 73.4 72.9 74.1 –0.94
stock exposures should be TH 26 weeks, Auction Rate 4.310 4.270 5.325
reduced. Manager uses Continuing claims (mil.) Oct 12 1.897 r1.869 1.810 4.81
Consumption and Distribution Amazon (Q3) 1.14 0.94 Avg weekly auction-c 4.53 4.54 5.33
discretion on asset allocation Help Wanted Online –Ads (thous,) Sept 6,081.4 6,077.5 6,476.4 –6.10
when MSI is at 50% +/- 3%. Apple (Q4) 1.59 1.46 Broker Call Rate 6.75 6.75 7.25
Durable goods (bil. $) Sept 287.3 r289.1 282.8 1.59
Construction Bristol Myers Squibb (Q3) 1.51 2.00
Bankers Acceptances
Bullish
Instinet Research Redbook Avg. (monthly %) Oct 19 –1.31 –0.16 –0.71 …. ConocoPhillips (Q3) 1.70 2.16
No Activity for this Week
Baltic Dry Index Oct 25 1,410 1,576 1,563 –9.79 Intel (Q3) -0.02 0.41 1 month 4.85 4.85 5.36
New home sales, (thous. units) Sept 738 r709 694 6.34 Other Indicators Kellanova (Q3) 0.85 0.99 2 months 4.75 4.75 5.45
Current Sentiment 3 months 4.65 4.70 5.63
n-
75.3%
Domestic crude oil, (thous. bbls) Comm. (Excl. Lease Stck) Oct 18 426,024 420,550 421,120 1.16 Index of coincident indicators h Sept 112.9 r112.8 110.8 1.90
Foreign Prime Rates
Gasoline, (thous. bbls) Oct 18 213,575 212,697 223,457 –4.42 Index of lagging indicators h Sept 118.9 r119.3 118.5 0.34 F
Orders Index of leading indicators h Sept 99.7 100.2 104.7 –4.78 CBOE Global Markets (Q3) 2.19 2.06 Canada 6.45 6.45 7.20
Last Week Coincident to lagging ratio h Sept 0.95 r0.95 0.94 1.06 Exxon Mobil (Q3) 1.90 2.27 Germany 3.40 3.65 4.50
no
Durable goods, (bil. $) Sept 284.8 r287.0 295.4 –3.59 Japan 1.625 1.625 1.475
a-1997 equals 100. b-1982-84 equals 100. c-1982 equals 100. f-1996 equals 100. h-
79.5%
benchmark revision, 2016 equals 100. r-Revised. Switzerland 1.50 1.50 2.25
Consensus Estimate Britain 5.00 5.00 5.25
.
Confidence Index Salesforce CRM 53 1,434,828 405,448,138 $287.97
Home Bancorp-HBCP (Nasdaq) 2.2 Q .26 .25 4.0 10-28 10-28 11-08 Coinbase Global COIN 49 1,366,931 280,671,348 $205.33
HomeTrust Bancshares-HTBI (Nasdaq) 1.5 Q .12 .11 9.1 11-14 11-14 11-27
ly
Coins Price Premium $ Premium % (High-grade index divided by intermediate-grade index;
Lincoln Electric-LECO (Nasdaq) 1.5 Q .75 .71 5.6 12-31 12-31 1-15 Doordash DASH 47 2,861,483 346,661,286 $121.15
decline in latter vs. former generally indicates rising confi-
Krugerrand 2854.10 109.77 4.00 dence, pointing to higher stocks.) Mesa Royalty Trust-MTR (NYSE) 4.8 M .005693 .003733 52.5 10-31 10-31 1-31 Datadog DDOG 47 2,657,629 324,912,926 $122.26
Maple Leaf 2881.55 137.22 5.00
Mexican Peso 3316.84 8.00 0.24 78.3 81.0 85.4 Mueller Water Products-MWA (NYSE) 1.2 Q .067 .064 4.7 11-08 11-08 11-20 Airbnb ABNB 40 2,607,747 375,023,280 $143.81
Austria Crown 2692.99 3.00 0.11 National Bank Holdings-NBHC (NYSE) 2.6 Q .29 .28 3.6 11-29 11-29 12-13
Austria Phil 2881.55 137.22 5.00 Other Confidence Indicators: NextEra Energy Partners-NEP (NYSE) 17.0 Q .9175 .905 1.4 11-06 11-06 11-14
on
U.S. Eagles 2881.55 137.22 5.00 Bloomberg Barclays US Long Treasury* Pinnacle West Capital-PNW (NYSE) 4.0 Q .895 .88 1.7 11-04 11-04 12-02
Premium is the amount over the value of the gold content in the
coin. Source Manfra, Tordella & Brookes, Inc. Bullion spot gold (This index measures the performance of fixed-rate, nominal
Rollins Inc-ROL (NYSE)
S&T Bancorp-STBA (Nasdaq)
1.4
3.6
Q
Q
.165
.34
.15
.33
10.0
3.0
11-12
11-07
11-12
11-07
12-10
11-21
Week’s Week’s
price 2744.33 US Treasuries with at least 10 years to maturity. Jan. 1,
1973=100.)
SB Financial Group-SBFG (NCM )
Seagate Technology-STX (Nasdaq)
2.9
2.8
Q
Q
.145
.72
.14
.70
3.6
2.9
11-08
12-15
11-08
12-13
11-22
1-06 Dividend Dividend
3149.00 3208.12 2753.76
Gold Performance Bloomberg Barclays US Credit
Selective Insurance-SIGI (Nasdaq)
Shenandoah Telecom-SHEN (Nasdaq)
1.7
0.7
Q
A
.38
.10
.35
.09
8.6
11.1
11-15
11-05
11-15
11-05
12-02
12-02 Payment Payment
us ,
Sirius XM Holdings-SIRI (Nasdaq) 4.0 Q .27 .266 1.5 11-05 11-05 11-21
Two Havens: The buck caught up, leaving (This index includes all publicly issued, fixed-rate, non-con- SLM Corp-SLM (Nasdaq) 2.3 Q .13 .11 18.2 12-05 12-05 12-16 This list includes payouts on This list includes payouts on
l
gold up a weekly 0.7%, at $2,731 an ounce. vertible, investment-grade, dollar-denominated, SEC-regis- common stocks. common stocks.
Sonic Automotive Cl A-SAH (NYSE) 2.4 Q .35 .30 16.7 12-13 12-13 1-15
e
45 tered corporate debt.) South Plains Financial-SPFI (Nasdaq) 1.8 Q .15 .14 7.1 10-28 10-28 11-12
al a
NYSE NASDAQ
Barron's Gold Mining Index (1073.35) 3158.67 3187.69 2782.44 Southern Copper-SCCO (NYSE) 2.0 Q .70 .596303 17.4 11-06 11-06 11-21
Monday (October 28) Monday (October 28)
40 Ryan Labs Treasury Index Standex International-SXI (NYSE) 0.7 Q .32 .30 6.7 11-08 11-08 11-22
Starbucks-SBUX (Nasdaq) 2.5 Q .61 .57 7.0 11-15 11-15 11-29 Alamo Group .26 Campbell Soup .37
ci on
35 (Index of total return from active Treasury notes and bonds. TFI International-TFII (NYSE) 1.3 Q .45 .40 12.5 12-31 12-31 1-15 Fomento Econ Mex ADR .961 Elbit Systems .50
Dec. 31, 1996=100.) Waste Connections-WCN (NYSE) 0.7 Q .315 .285 10.5 11-07 11-07 11-21 Fomento Econ Mex ADR .556 HarborOne Bancorp .08
30 Discontinued by source West Pharmaceutical Svcs-WST (NYSE) 0.3 Q .21 .20 5.0 11-13 11-13 11-20 TriNet Group .25 Smart Sand .10
Bond Buyer 20 Bond Index Zurn Elkay Water Solns-ZWS (NYSE) 1.0 Q .09 .08 12.5 11-20 11-20 12-06
Tuesday (October 29) Tuesday (October 29)
25
20
(Index of yields of 20 general obligation municipal bonds.)
er s
Wednesday (October 30) NONE
15 Company Name-Ticker Symbol (Exchange) Yield Period To From Decrease Date Date Date
(Index of 40 actively-traded tax-exempt bonds; component American Eagle Outfitters .125
Permian Basin Royalty Tr-PBT (NYSE) 6.6 M .029986 .050711 -40.9 % 10-31 10-31 11-15 Thursday (October 31)
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
10 issues are changed regularly to keep the index a current B & G Foods .19
picture of the market. Source: The Bond Buyer EMCOR Group .25 Camden National .42
5
m er 4.35 4.26 5.29
Stock Splits/Dividends Special Dividends Gap Inc .15 City Holding Co. .79
Stock/Bond Yield Gap-s TIM ADR .113 Consolidated Water .11
Record Ex-Div Pay Record Ex-Div Pay
0 Company Name-Ticker Symbol (Exchange) Amount Date Date Date Company Name-Ticker Symbol (Exchange) Amount Date Date Date Ensign Group .06
(Difference between yield on highest-grade corporate bonds Thursday (October 31)
Global Water Resources .025
and yield on stocks on the DJIA.) Southern Copper-SCCO (NYSE) 0.62% 11-06 11-06 11-21 NONE Arcosa .05 Investar Holding .105
-5 -1.79 -1.89 -2.91
Handy & Harman Gold Price Argan .375 Marvell Technology .06
m rp
-10 Yield on DJ Equal Weight US Corp Bond Idx:
Corp Bonds, (y) 5.22 5.08 6.34
Week’s Ex- Week’s Ex- U.S. Treasury Bills BankUnited
Brady Cl A
.29
.24
McGrath RentCorp
Morningstar
.475
.405
N D J F M A M J J A S O Wkly Ask Delta Air Lines .15 VersaBank .018
v-Week ended Thursday. y-Yield to maturity, week ended Dividend Dividend Maturity Bid Asked Chg. Yld. Edison International
EOG Resources
.78
.91
WD-40
Xerox Holdings
.88
.25
Thursday. z-Source: LSEG.*Barclays T-Bond Index discontin- October 29 4.72 4.71 .... 4.77
Dates Dates
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
ued by firm. October 31 4.70 4.69 -0.01 4.75 GFL Environmental .014
Greystone Housing Impact .37 Friday (November 1)
November 05 4.73 4.72 0.02 4.79
This list includes payouts on This list includes payouts on November 07 4.72 4.71 .... 4.78 H.B. Fuller .222 Bel Fuse A .06
co o
common stocks. common stocks. November 12 4.69 4.68 .... 4.75 Himalaya Shipping .10 Bel Fuse Cl B .07
Federal Reserve Data Bank NYSE NASDAQ November 14
November 19
4.67
4.66
4.66
4.65
....
-0.01
4.74
4.73
JPMorgan Chase
Northern Oil & Gas
1.25
.42
First United
Norwood Financial
.22
.30
Tuesday (October 29) Tuesday (October 29)
One week ended Oct 23: November 21 4.67 4.66 .... 4.73
F
Grupo Aval Acciones ADR .009 BCB Bancorp .16 January 16 4.52 4.51 -0.01 4.62 AZZ .17
Other F.R. Assets 44,197 +1,584 -3,493 Kinder Morgan .287 Casey's General Stores .50
Costco Wholesale 1.16 January 21 4.51 4.50 0.04 4.61 Bk of NY Mellon .47
Total Fed Credit #
Gold stock
6,992,575
11,041
-10,346
....
-893,549
....
Minerals Technologies
Morgan Stanley
NiSource
.925
.265
.11
Donegal Group Cl A
Donegal Group Cl B
.172
.155
January 23
January 30
4.51
4.50
4.50
4.49
0.01
0.03
4.61
4.61
Bristol Myers Squibb
CVS Health
.60
.665
Payment
SDR Certif. Accounts 10,200 .... +5,000 Northwest Natural .49 Lifetime Brands .043
Pinnacle Finl Partners .22 February 04 4.49 4.48 0.03 4.60 Darden Restaurants 1.40 This list includes payouts on
Treas. Curr. Outst. 53,129 +14 +728 PermRock Royalty Trust .03 common stocks.
Targa Resources .75 Southern States Bcshs .09 February 06 4.49 4.48 0.04 4.60 Freeport-McMoRan .075
Total 7,085,169 -10,481 -887,301
no
Virtus Invt Partners 2.25 Sat. (Nov. 2)-Sun. (Nov. 3) February 11 4.48 4.47 0.02 4.59 NYSE American
Currency in circ 2,355,991 -2,320 +33,011 Freeport-McMoRan .075
Zoetis .432 February 13 4.48 4.47 0.03 4.59
NONE General Mills .60
Treas. Cash Hldgs 330 +6 -37 Friday (November 1) February 18 4.48 4.47 0.04 4.60 Monday (October 28)
Monday (November 4) February 20 4.45 4.44 0.02 4.56 Globe Life .24
Treas. Fed Deposits 829,991 +38,199 -4,427 AES .172 NONE
Five Star Bancorp .20 February 25 4.46 4.45 .... 4.58 Lincoln National .45
Foreign Fed Deposits 9,683 .... -2 Ally Financial .30 HealthStream .028
Aon .675 Methode Electronics .14 Tuesday (October 29)
Other Fed Deposits 154,092 -771 -7,932 Hingham Institution Savs .63 February 27 4.44 4.43 0.04 4.56
Burford Capital .062 OceanFirst Financial .20 March 06 4.41 4.40 0.02 4.53 nVent Electric .19 NONE
Other FR liab/cap -154,959 -4,666 -92,767 Hexcel .15 Peoples Bancorp (Ohio) .40
Kodiak Gas Services .41 March 13 4.40 4.39 0.05 4.52 Oxford Industries .67 Wednesday (October 30)
Total factors 3,855,024 -30,749 -855,561
Lamb Weston Holdings .36 March 20 4.40 4.39 0.05 4.53 Pentair .23
Reserves F.R. banks
Fgn hold U.S. debt
3,230,145
3,321,518
+20,268
+2,295
-31,741
-104,152
Norfolk Southern
NRG Energy
Oneok
1.35
.407
.99
Week’s Ex- March 27
April 03
4.40
4.36
4.39
4.35
0.07
0.05
4.53
4.50
Townsquare Media Cl A
USA Compression
.198
.525
NONE
Thursday (October 31)
Total Reserves:
Month
3,236,800
Month
3,321,100
Chg.
-2.54
Ago
3,239,600
Sat. (Nov. 2)-Sun. (Nov. 3)
NONE Dates May 15 '25
Jun 12 '25
4.23
4.18
4.22
4.17
0.06
0.09
4.33
4.30
WPP ADR
Saturday (November 2)
.954
National Healthcare .61
Saturday (November 2)
Nonborrowed Res 3,141,100 3,215,400 -2.31 3,017,400 Monday (November 4) This list includes payouts on Jul 10 '25 4.15 4.14 0.09 4.28 NONE NONE
Brink's .243 common stocks. Aug 07 '25 4.15 4.14 0.07 4.29
Borrowed Reserves 95,735 105,679 -9.41 222,201
Carriage Services .112 Sep 04 '25 4.14 4.13 0.09 4.29 Sunday (November 3) Sunday (November 3)
Monetary Base 5,588,400 5,670,200 -1.44 5,567,200 Eaton Corp. PLC .94 NYSE American
Vulcan Materials .46 NONE Oct 02 '25 4.11 4.10 0.09 4.28 NONE NONE
October 28, 2024 BARRON’S 53
Flexsteel PTC Therap AytuBioPharma MGP Ingredients AppliedIndlTechs HighwoodsProp SouthBow Westwood KukeMusic
Week’s FreedomHolding
FreightCarAmer
Gaia
PTL
PureCycleTech
QifuTechnology
Azenta
BAIYU
BallardPower
MicroCloudHologram
Mobile-health
MobixLabs
Aptargroup
Aramark
AresMgmt
HowmetAerospace
IDACORP
IRSA
Southern
Spotify
Sprott
WheatonPrecMtls
Williams
WyndhamHtls
Lear
LyondellBasell
Manpower
Conference Call Calendar
Earnings-
New Highs
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EQVVenturesA Cboe Global Markets November 1 8:30AM Q3
33 14
Honeywell SouthPlainsFin Certara PodcastOne Build-A-Bear Labcorp ValmontInds SprucePower
Ecopetrol CenterPoint Energy October 28 8:00AM Q3
HorizonSpaceI SparkIAcqnA Charles&Colvard PrecisionBio CACI Intl LandBridge Ventas StandardAero CF Industries Holdings October 31 10:00AM Q3
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ICC Sportradar Check-Cap PreludeTherap CAVA Leidos Veralto Stoneridge Chevron November 1 11:00AM Q3
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Chipotle Mexican Grill October 29 4:30PM Q3
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IF Bancorp SproutsFarmers CheetahNetSupply PremiumCatering CBL&Assoc LendingClub Vertiv System1
Expro Church & Dwight Co November 1 10:00AM Q3
Only includes COMMON and REIT stocks IntegralAcqn1 StepStone CitiusPharm ProficientAuto CBRE Group LennoxIntl Viad TalosEnergy
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Interface SterlingCheck CoherusBioSci ProFrac CMS Energy LithiaMotors VistaEnergy TamboranRscs
GenuineParts Clorox Co October 30 5:00PM Q1
NYSE American argenx IntlGeneralIns SwiftmergeAcqn Collplant ProMISNeurosci CNX Resources LiveNationEnt VornadoRealty Tilly's Cognizant Technology Solutions October 30 5:00PM Q3
GreystoneHousing
Armlogi Investar T-MobileUS comScore Prothena CadenceBank LloydsBanking WEC Energy TriNet Comcast October 31 8:30AM Q3
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NEW HIGHS Ioneer TatTechnologies Concentrix QualigenTherap Cameco Loar Wabtec UsanaHealth ConocoPhillips October 31 12:00PM Q3
ArriVentBio HF Sinclair
CIBC Corning October 29 8:30AM Q3
AmerGold&Silver ARS Pharm iRadimed TectonicTherap CoStar QurateRetailB LockheedMartin Walmart UltraparPart
Halliburton Coterra Energy November 1 9:00AM Q3
AustinGold aTyrPharma IsraelAcqns TeraWulf CrossCtyHlthcr Rallybio Cango LomaNegra WarbyParker Valaris DaVita October 29 5:00PM Q3
Insperity
AvinoSilver AxonEnterprise Iteris TexasRoadhouse CumberlandPharm RaptTherap CapitalOne Marcus WellsFargo VishayPrecision Dominion Energy November 1 10:00AM Q3
InsteelInds
BM Tech JE Cleantech ThirdCoastBcshs CumulusMedia SaverOne2014 Carvana Mastercard Welltower WabashNational DR Horton October 29 8:30AM Q4
BeliteBio Kforce
B2Gold JVSPAC Acqn A TMT Acqn Cutera Scholastic Celestica McDonald's Wallbox Eastman Chemical Co November 1 8:00AM Q3
BioAgeLabs Edison International October 29 4:30PM Q3
CaledoniaMining LeeEnterprises TopWealth CytomXTherap Septerna ChoiceHotels Medtronic
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Bioventus Electronic Arts October 29 5:00PM Q2
CentrusEnergy
CollectiveMining
BlackHawkAcqn LenzTherap TPG DefDlyTarget1.5xSh ServiceProperties ClearwaterAnalytic
ComfortSystems
ModivIndl
Yearly High/Lows Gold Prices Eli Lilly and Co
Entergy
October 30
October 31
10:00AM
11:00AM
Q3
Q3
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SilvercorpMetals MingtengIntl VisionSensingA Genmab TuanChe DominionEner PACS Group Atlantic Union Bankshares 9,859,155 $35.50 $402,499,994 Incyte October 29 8:00AM Q3
ChengheAcqnIA
SilverCrestMetals DukeEnergy BioVie 4,443,000 $1.50 $6,664,500 Ingersoll Rand November 1 8:00AM Q3
ChoiceOneFinl monday.com VoxRoyalty GlobalFoundries U-BX Tech PG&E
Intel October 31 5:00PM Q3
UraniumEner MonoparTherap VoyagerAcqnA GlobalMofyAI uCloudlink DycomInds PackagingCpAm BioVie 2,667,000 $2.25 $6,000,750
CincinnatiFinl International Paper Co October 31 10:00AM Q3
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VizslaSilver MountainCrestV WashTrBcp Gogoro UtahMedProducts EMCOR PalantirTech Bowhead Specialty Holdings 4,000,000 $29.00 $116,000,000 Kimco Realty October 31 8:30AM Q3
CiscoSystems
MountainI A Wellchange Greenlane VastRenewables EldoradoGold PampaEnergia CNS Pharmaceuticals 3,700,000 $0.17 $629,000 Kraft Heinz Co October 30 9:00AM Q3
NEW LOWS CME Group
Nasdaq WeRide GreenPlains VCIGlobal EmpresaDisCom PanAmerSilver Leidos Holdings October 29 8:00AM Q3
CmntyTrBcp Creative Medical Technology Holdings 418,552 $4.42 $1,850,000
Mastercard October 31 9:00AM Q3
AgEagleAerial Enbridge
CogentBio nCino WillisLease HallofFameResort ViaSat ParTechnology Inspire Veterinary Ptnrs 1,800,000 $0.25 $450,000
Barnwell McDonald's October 29 8:30AM Q3
Netflix XcelEnergy HarvardBioSci VincerxPharma EndeavourSilver Pentair
ColliersIntl IperionX Ltd 31,250,000 $2.13 $66,587,329 Merck & Co October 31 9:00AM Q3
BiomX EnerpacTool
ColonyBankcorp NextNav XCHG HyzonMotors Visionary PhilipMorris MetLife October 31 9:00AM Q3
CalidiBiotherap EnovaIntl Jet.Ai 15,625,000 $0.10 $1,500,000
NortheastCmBncp XerisBiopharma Icon Visteon PortlandGenElec MGM Resorts International October 30 5:00PM Q3
ColumbiaBanking
Cel-Sci Entergy Nano Nuclear Energy 2,117,646 $17.00 $35,999,982 Microsoft October 30 5:30PM Q1
CompoSecure NorthernTrust ZaiLab iCoreConnect WearableDevices PrimoWater
GeniusGroup Equitable SRM Entertainment Ltd 1,711,477 $0.61 $1,044,001 MSCI October 29 11:00AM Q3
ConstructionPtrs NovaMinerals ZenasBioPharma InnatePharma WeatherfordIntl PropertyGuru NiSource October 30 11:00AM Q3
Globalstar Everi Synergy CHC 1,150,000 $9.00 $10,350,000
CoreScientific NSTS Bancorp InnovationBev WeRide ProsperityBcshs ON Semiconductor October 28 9:00AM Q3
GoldResource NEW LOWS ExcelerateEner
NurixTherap IntelliaTherap WestportFuelSys PulteGroup TELA Bio 12,000,000 $2.25 $27,000,000 PayPal Holdings October 29 8:00AM Q3
CorMedix
ImpactBioMed 23andMe FederatedHermes Pfizer October 29 10:00AM Q3
CorvusPharm NVIDIA Intergroup WilhelminaIntl PyrophyteAcqn Source: LSEG Data & Analytics
RydeGroup 4D Molecular FidNatlInfo Phillips 66 October 29 12:00PM Q3
O'ReillyAuto InterlinkElec X3 Q2
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O T H E R VO I C E S
Elon Musk has waded deeply into the most
divisive presidential contest in recent history.
.
followed by excitement regarding the support Tesla? After all, Tesla shares
ly
product and personality. People start have dropped 36% since their high in
buying. Next is euphoria. Analysis November 2021; the S&P 500 index
gives way to emotion, and the buying has gained 24% during that time.
on
becomes frantic. Soon, the bubble What’s next? Tesla may be the most
bursts. Bargaining follows as inves- innovative car company in the U.S.,
tors plead, “Let me break even, and but Ford and Cadillac used to say the
I’ll get out.” Panic ensues when those same thing. So did Duesenberg, which
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prayers go unanswered. Finally comes had a decadeslong, Tesla-like run be-
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disgust. And before you point out that fore going defunct in 1937. Tesla has
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Apple is the largest company in our Chinese electric-vehicle makers
stock market, remember that it fell by breathing down its neck, and shares
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81% from March 2000 to December remain very expensive with a forward
2000 when Jobs was at the height of price/earnings ratio of 85. Ford Mo-
his popularity. The phenomenon al- tor and General Motors, which ad-
ways does its damage. mittedly trail Tesla in EV sales and
Why does this matter? Because it’s “cool factor” by a huge margin, have
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at work again, right now, to a degree forward P/Es of six and five, respec-
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that might surpass even the deifica- tively. But remember, Tesla is, at its
m er tion of Steve Jobs. heart, an auto maker. Maybe a simi-
Elon Musk is the wealthiest person larly iconic brand like Ferrari is a bet-
alive. He’s adored for ignoring conven- ter comparison, but that doesn’t help
SpaceX rockets. He wrecked his $1 enjoys this eye-popping P/E ratio, its
million McLaren supercar and later profit margin per car has dropped to
co o
bought a submarine car that had ap- the lowest level in five years, as the
peared in a James Bond movie. And in cheaper Model Y and Model 3 now
Invest on a Feeling.
F
what is probably his most famous ex- account for 95% of unit sales.
pression of indifference to convention Product mix isn’t Tesla’s only
and penchant for impulsiveness, he problem, as some buyers are criticiz-
acquired Twitter and proceeded to tell ing build quality. Tesla was tied for
advertisers who were unhappy with third-to-last in the latest J.D. Power
what he was saying on the platform to Initial Quality Study, while buyers
E
have intercourse with themselves. of Tesla’s controversial Cybertruck
veryone admired him. BY SCOTT wardrobe, ate his vegan diet, used Many people love him for it; they have endured five recalls since it was
He was changing our NATIONS his management techniques, and want to be like him or be close to him. released a year ago.
n-
world while building The writer is the even referred to the Theranos blood- But then, some act on those feelings Finally, Musk has waded deeply
an enormously profit- president of testing contraption as the “iPod of and buy Tesla shares in the mis- into the most divisive presidential
able company. He was Nations Indexes, healthcare.” Holmes wasn’t alone in guided hope that doing so will make contest in recent history. That effort
iconoclastic in the the creator of her adulation; other entrepreneurs them more like him. is almost certain to obliterate his re-
no
way our heroes often volatility and did the same, as did investors. By Many have mistakenly predicted maining aura of cool for millions of
are. Consumers bought the products option-strategy buying Apple stock, ordinary inves- Elon’s demise as a pied piper to inves- potential blue-state customers. For
he made and the shares of stock he indexes. He is tors could unconsciously believe that tors. But his reputation as a beloved example, California accounts for 10%
RETIREMENT MAILBAG
A Stealth Way to Grow Advice for Building a
Your Retirement Savings
Prosperous Future
.
ly
on
BY ELIZABETH O’BRIEN in high-deductible plans than in plans To the Editor: atic aspects of the company. Any investor
with smaller deductibles. Plus, many I try to tell every millennial (and Genera- buying these stocks for the dividend
I
f you have a health savings account, companies make an annual contribution tion Z) kid I meet how to build a life of needs to do a deep-dive analysis of the
us ,
you might be tempted to leave it in to their workers’ HSAs to defray costs. future prosperity (“Millennials Aren’t company in terms of its potential turn-
l
cash to cover current medical bills. The upshot? You may well spend less Falling Behind After All. This Data Re- around prospects. After all, if the stock
e
al a
But there’s a good case for using overall in a high-deductible plan plus an veals the Generation’s Deeper Problem,” price of any of these companies declines
HSAs, as they’re known, to build savings HSA, even after the higher deductible. Cover Story, Oct. 16). First of all, make by a percentage equivalent to the divi-
ci on
for retirement. That could mean using Voya research found that about three- sure you take advantage of the full com- dend, the reason for buying the stock
them to hold an S&P 500 fund or even quarters of people would come out ahead pany match on a 401(k). Front-load that is invalid.
growth companies like Apple and Nvidia. in the combo. Even people with heavier 401(k) as much as possible. Put in every Steven R. Martin
The maximum amount you can con- medical needs shouldn’t write off a high- cent you can spare. If you have to contrib- Northbrook, Ill.
tribute for 2025 is $4,300 for individual deductible plan plus HSA. ute less later, time and compounding
er s
coverage and $8,550 for family coverage. The math is easiest if your medical should more than make up for the differ-
Less Screen Time, Please
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Those figures are up from $4,150 and needs are predictable, making it simpler to ence. Invest in stocks, particularly U.S.
$8,300 in 2024, respectively, reflecting
m er
comparison-shop among plans. It helps to stocks, from a young age.
inflation adjustments. People age 55 and know a few key terms. Before you reach It isn’t for purely unselfish reasons that To the Editor:
over by year end can contribute an addi- the deductible, you’ll pay the full “allowed I give this advice. I’m relying on the youn- Online education isn’t a fix that will re-
tional $1,000 in catch-up contributions. amount” or “negotiated rate” for a service ger generations to pay my Social Security store our country’s future. In “On the
m rp
HSAs are paired with high-deductible (certain preventive services are fully cov- benefits. More important, the continuing Economy, the Presidential Candidates
health plans—you can’t contribute to an ered before the deductible). That amount success of this country relies on regular Need to Go Big or Go Home” (Other
HSA without being enrolled in one. They can typically be found in your explanation working people having a stake. Voices, Oct. 18), Laurence Kotlikoff says
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
allow workers to save money toward med- of benefits. After you hit the deductible, Thomas K. Lamb the Education Department could provide
ical expenses now or in retirement. Mil- you might pay coinsurance—a percentage Warminster, Pa. headsets to everyone and offer online
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lions of Americans have HSAs connected of each bill—or a flat copayment at the K-12 courses. This sounds like a solution
to their workplace health coverage. It’s a time of service, depending on the plan. in search of a problem. Students belong
A Tale of Terror
F
good time to consider one, since many For 2025, the Internal Revenue Service in schools that are safe, academically
corporations hold their open enrollment set the minimum deductible for HSA-eligi- rigorous, and staffed by teachers who are
in the fall, allowing employees to change ble plans at $1,650 for self coverage and To the Editor: paid adequately for the public good they
their insurance for 2025. $3,300 for a family. Those figures are up It’s fitting that Randall W. Forsyth has provide. Especially for younger learners,
HSAs are triple tax-advantaged: Contri- slightly from $1,600 and $3,200 in 2024. written this article so close to Halloween working parents need more support
butions are deducted from your taxable If you can afford it, a good strategy is (“The Everything Rally Looks Terrific. through in-person learning and enrich-
income, interest or earnings grow tax-free, to max out your HSA, pay medical costs Take a Closer Look,” Up & Down Wall ment, not more screen time. A radical
and withdrawals aren’t taxed if used for out of your cash flow, and invest your Street, Oct. 18). The prospect of massive reform would be funding the caregiving
qualifying medical expenses. Unlike flexi- HSA for retirement, says Ron Mastrogio- Treasury issuance and a potential buyers’ infrastructure the country needs to stay
n-
ble spending accounts, the money in vanni, CEO of HealthView Services, a data strike is one of the most frightening sto- competitive.
HSAs isn’t forfeited if it isn’t used within analytics firm for retirement healthcare. ries I’ve ever read. Jen Stark
a certain time frame. While you may en- Many HSA plans have rules about Gene Sweet Washington, D.C.
roll in an HSA through your workplace, how much of the account must be kept Chicago
no
the account remains yours if you leave in cash. Above that level, money can be
your job, and you can continue to con- invested. Fidelity’s HSAs, for instance, Send letters to [email protected].
tribute as long as you are enrolled in are like brokerage accounts; they can First, Do a Deep Dive To be considered for publication,
an HSA-eligible high-deductible plan. hold a money-market fund, stocks, or correspondence must bear the writer’s
Despite these benefits, “people tend to other securities. To the Editor: name, address, and phone number.
overlook these products,” says Nate Black, There’s no danger of oversaving. Once In “UPS and 7 Other Dividend Stocks Letters are subject to editing.
who leads health-solutions product devel- you reach 65, you can withdraw money With Yields of 4% or More” (Oct. 18),
opment at Voya Financial. from your HSA for any purpose without Andrew Bary recommends some well-
“High deductible,” for instance, makes penalty—you will just have to pay income established companies, each of whose The Barron’s Daily is our morning briefing
it sound as if the whole thing will be ex- taxes on withdrawals that don’t go toward satisfactory dividend yield is a result of for what you need to know for the day.
pensive. But monthly premiums are lower qualifying medical expenses. B a depressed stock price due to problem- Sign up at barrons.com/newsletters.
M W L C 10 11 12 H G R P 4 8 3 F 2 D 6 7 9 0 A I
56 BARRON’S October 28, 2024
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Rates, Healthcare’s Health,
ly
on
America’s Bank Balance,
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l
e
al a
Regulating The Future,
ci on
Border Towns, Classroom er s
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m er
Budgets, Sticker Shock,
m rp
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.