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NEW DIVIDEND MATH: VARIABLE PAYOUTS • PAGE 16

VOL. CII NO. 3 JANUARY 17, 2022 $5.00


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2022

>
ROUNDTABLE
Our experts see a strong economy, a volatile
market, and a good time for bargain hunting.
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In this first installment, 14 picks. PAGE 22


C O N T ENTS 01.17.22 VOL.CII NO.3

Inflation Troubles Bubble


P. 22 P. 46

Roundtable, Part I: Euro Trader: Time to


How to Invest Now P. 7 Collect Some Shell
Cover Story: Our 10 panelists Up & Down Wall Street: Stock market investors are worried about the relatively mild By RUPERT STEINER
discuss their big-picture views on rate increases seen by the bond market. By RANDALL W. FORSYTH
the economy, inflation, the stock P. 46
and bond markets, and more. P. 41
By LAUREN R. RUBLIN The Economy: Wall Street seems to think that inflation is peaking. On the contrary, it
Emerging Markets:
could be about to get even worse. By LISA BEILFUSS Russia’s Cheap Stocks
P. 11 By CRAIG MELLOW
P. 43
Streetwise: The Best The Trader: Highflying tech stocks are getting hit by soaring inflation—but earnings P. 47
Way to Buy the Dip reports are even more worrisome. By BEN LEVISOHN
Value stocks could gain an edge
Striking Price: Getting
over growth stocks this year as Ready for Fed Action
companies that were hit hard by By STEVEN M. SEARS
the pandemic bounce back.
By JACK HOUGH
Back to the ’80s P. 48
The rate of inflation is the highest in 40 years, a threat to the stock market boom.

P. 14
Commodities: Risks
10% 5000
Consumer Price Index S&P 500 Rise for Gas, Wheat
Take-Two Chooses a (LEFT SCALE) (RIGHT SCALE)
By MYRA P. SAEFONG
Winning Course
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8 4000
Follow-Up: Take-Two’s purchase P. 78
of mobile-game maker Zynga will
bring steadier growth by reducing 6 3000 Other Voices: How to
the company’s reliance on consoles. Sustain Democracy
By CONNOR SMITH By MARC CHANDLER
4 2000

P. 15
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

The Hospital Crisis 2 1000

Will Leave Scars Barron’s Roundtable


The Covid-19 pandemic has 0 0 on Fox Business
weakened the U.S. healthcare 1985 ’90 ’95 ’00 ’05 ’10 ’15 2020 Watch our weekly TV show
workforce in ways that will affect Source: Bloomberg Saturdays at 10 a.m. or 11:30 a.m.
the industry for years to come. or Sundays at 10 a.m. or 11:30 a.m.
By JOSH NATHAN-KAZIS ET. This week, see an interview
with VanEck CEO Jan Van Eck on
P. 16 investing in cryptocurrencies and
P. 21 P. 38 commodities. Also, get more on
Variable Dividends
NEW DIVIDEND MATH: VARIABLE PAYOUTS • PAGE 16

the investing outlook from


Are Catching On
VOL. CII NO. 3 JANUARY 17, 2022 $5.00

Angi Could Hail as the Tech Trader: The Roundtable member Todd
Embraced by the energy and Uber of Home Repairs Eternal Bridesmaids Ahlsten.
resources sectors as a way to share 2022 Sizing Up Small-Caps: Angi A tie-up of DirecTV and Dish just
excess cash, variable dividends >
ROUNDTABLE
Our experts see a strong economy, a volatile
stock could soar 60% as its online doesn’t seem as if it’s meant to be.
market, and a good time for bargain hunting.

could soon spread to other areas. task-booking service grows. Plus, Taiwan Semi’s big quarter.
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In this first installment, 14 picks. PAGE 22

By ANDREW BARY Illustration by Alvvino; By NICHOLAS JASINSKI By ERIC J. SAVITZ


Photographs by Index P. 4 Winners and Losers P. 52
Mary Beth Koeth, Rick
Wenner, Philip Vukelich, Review & Preview P. 12 Research Reports P. 53
P. 18 Karen Santos, Stephen P. 37 P. 39 Inside Scoop P. 49 Market Data P. 54
Voss, Angela Owens, and
A So-So Year Breaks Guerin Blask Shaky Future for Prime Income: 13 Stocks in Charting the Market P. 51 Mailbag P. 79

Our Winning Streak Money Market Funds Dividend Limbo


Barron’s stock-picking was less than Funds: Why fund-industry giants Disney and Las Vegas Sands are © 2022 Dow Jones & Company, Inc. All Rights Reserved.

stellar in 2021, owing partly to the such as Fidelity are pushing back among the companies that shelved Our newspapers are 100% sourced from sustainable certified mills.

unpredictablity of meme stocks. against proposed regulations their payouts early in the pandemic BARRON’S (USPS 044-700) (ISSN 1077-8039) Published every
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January 17, 2022 BARRON’S 3

THE ENERGY SECTOR OF THE S&P 500 IN ONE ETF


Sector SPDRs allow you to invest in pieces of the S&P 500. Like Energy. While adding diversification and reducing single stock risk. These ETFs combine

the diversification of a mutual fund and the tracking of an index with transparency and liquidity.
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XLE ENERGY SECTOR SPDR ETF TOP 10 HOLDINGS*


Company Name Symbol Weight
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Exxon Mobil XOM 22.75%


Chevron CVX 21.34%
EOG Resources EOG 4.90%
ConocoPhillips COP 4.50%
Schlumberger SLB 4.38%
Pioneer Natural Resources PXD 4.31%
Marathon Petroleum MPC 4.11%
Phillips 66 PSX 3.31%
*Components and weightings as
of 12/31/21. Please see website for Williams Companies WMB 3.30%
daily updates. Holdings subject
Kinder Morgan KMI 3.23% Visit www.sectorspdrs.com or call 1-866-SECTOR-ETF
to change.

An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF or
visit www.sectorspdrs.com. Read the prospectus carefully before investing.
The S&P 500, SPDRs®, and Select Sector SPDRs® are registered trademarks of Standard & Poor’s Financial Services LLC. and have been licensed for use. The stocks included in each Select Sector Index were selected by the compilation agent. Their composition and
weighting can be expected to differ to that in any similar indexes that are published by S&P. The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward
stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. Investors cannot invest directly in an index. The S&P 500 Index figures do not reflect any fees, expenses or taxes. Ordinary
brokerage commissions apply. ETFs are considered transparent because their portfolio holdings are disclosed daily. Liquidity is characterized by a high level of trading activity.
Select Sector SPDRs are subject to risks similar to those of stocks, including those regarding short-selling and margin account maintenance. All ETFs are subject to risk, including possible loss of principal. Funds focusing on a single sector generally experience greater
volatility. Diversification does not eliminate the risk of experiencing investment losses.
ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust.
4 BARRON’S January 17, 2022

I N D EX
Our index lists significant companies mentioned in stories and columns, For Customer Service, call 1 (800) 544-0422, or go to
plus Research Reports, and Corrections & Amplifications. The references customercenter.barrons.com. For reprints of articles,
are to the first page of the item in which the company is mentioned. call 1 (800) 843-0008, or go to djreprints.com.

A Absolute Software . . . . . . . . . . . . . . . . . . . . . . . . . 49 H Hertz Global Holdings . . . . . . . . . . . . . . . . . . . . . 20 J.B. Hunt Transport Services . . . . . . . . . . . . . . 13 Medtronic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
Activision Blizzard . . . . . . . . . . . . . . . . . . . . . . . . . 14 Hilton Worldwide Holdings . . . . . . . . . . . . . . . . 39 JPMorgan Chase . . . . . . . . . . . . . . . . . . . . . . . . . 7,17 Meta Platforms . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
Adobe . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33,49 Home Depot . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Juniper Networks . . . . . . . . . . . . . . . . . . . . . . . . . . 53 Microsoft . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,25
Agco . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Huntington Bancshares . . . . . . . . . . . . . . . . . . . . 13 Moderna . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51
Airbnb . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 Huntsman . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49 K KB Home . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51 Morgan Stanley . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Alaska Air Group . . . . . . . . . . . . . . . . . . . . . . . . . . 39 KeyCorp . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Alphabet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25,30 I IAC/InterActiveCorp. . . . . . . . . . . . . . . . . . . . . . . 21 Kratos Defense & Security Solutions . . . . . . . 53 N Netflix . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Amazon.com . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25,36 Illumina . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51 Newmont . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
American Airlines Group . . . . . . . . . . . . . . . . 13,39 Intel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 L Las Vegas Sands . . . . . . . . . . . . . . . . . . . . . 39,51,53 NextNav . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49
Amyris . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 Intuit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 Lowe's . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 Northern Trust . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Angi . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 Intuitive Surgical . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Lukoil . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46 Nucor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
iTeos Therapeutics . . . . . . . . . . . . . . . . . . . . . . . . . 49
Anheuser-Busch InBev . . . . . . . . . . . . . . . . . . . . . 11 Nvidia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38
M Marriott International . . . . . . . . . . . . . . . . . . . . . 39
Apple . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,25,38 J Janus Henderson Group . . . . . . . . . . . . . . . . . . . 49 Mastercard . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
Applied Materials . . . . . . . . . . . . . . . . . . . . . . . . . . 33 O OneMain Holdings . . . . . . . . . . . . . . . . . . . . . . . . . 16
ASML Holding. . . . . . . . . . . . . . . . . . . . . . . . . .13,33 Oracle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43
AT&T . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38
P Peloton Interactive . . . . . . . . . . . . . . . . . . . . . . . . 43
B Baker Hughes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Pfizer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,53
Bank of America . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Pioneer Natural Resources . . . . . . . . . . . . . . . . . 16
Bank of New York Mellon . . . . . . . . . . . . . . . . . . 13 PNC Financial Services Group . . . . . . . . . . . . . 13
Barrick Gold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 PPG Industries . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Rupert Murdoch Executive Chairman, News Corp
Beam Therapeutics . . . . . . . . . . . . . . . . . . . . . . . . 53 Procter & Gamble . . . . . . . . . . . . . . . . . . . . . . . . . 13
Robert Thomson CEO, News Corp Almar Latour CEO, Dow Jones
Berkshire Hathaway . . . . . . . . . . . . . . . . . . . . . . . 35 Prologis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
BHP Group . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 SENIOR VICE PRESIDENT, BARRON’S GROUP Mae M. Cheng
Biogen . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,51 Q Qualcomm . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38
ASSOCIATE PUBLISHER, BARRON’S GROUP Dan Shar
BlackRock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37
MANAGING EDITORS, BARRON’S GROUP Jeremy Olshan, Dave Pettit
Block . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 R Regions Financial . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Boeing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
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Rio Tinto . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
Boston Beer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51 EDITOR IN CHIEF David Cho Robinhood Markets . . . . . . . . . . . . . . . . . . . . . . . . 30
BP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46 Royal Caribbean Group . . . . . . . . . . . . . . . . . . . . 39
EXECUTIVE EDITOR Bob Rose SENIOR MANAGING EDITOR Lauren R. Rublin Royal Dutch Shell . . . . . . . . . . . . . . . . . . . . . . . . . 46
C Callon Petroleum . . . . . . . . . . . . . . . . . . . . . . . . . . 49 DEPUTY EDITOR Alex Eule
Ben LevisohnDEPUTY EDITOR
Cameco . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 EDITORIAL DIRECTOR, INVESTING & ASSET MANAGEMENT Beverly Goodman
S Salesforce.com . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43
Charles Schwab . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 EDITORIAL DIRECTOR, MAGAZINE Phil Roosevelt
Schlumberger . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Chevron . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Snowflake . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,30
Citigroup . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 MANAGING EDITOR, DIGITAL Matt Bemer MANAGING EDITOR, FEATURES Jeffrey Cane Sony Group . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
Citizens Financial Group . . . . . . . . . . . . . . . . 11,13 MANAGING EDITOR, ENTERPRISE Brian Hershberg MANAGING EDITOR, NEWS Joe Woelfel Southwest Airlines . . . . . . . . . . . . . . . . . . . . . . . . . 39
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Comerica . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 ASSISTANT MANAGING EDITORS Anita Hamilton, Mary Romano, Robert Sabat
State Street . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Commerzbank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 SVB Financial Group . . . . . . . . . . . . . . . . . . . . . . 13
ConocoPhillips . . . . . . . . . . . . . . . . . . . . . . . . . . 16,46 ASSOCIATE EDITORS Andrew Bary, Randall W. Forsyth, Jack Hough, Reshma Kapadia, Eric J. Savitz
CrowdStrike Holdings . . . . . . . . . . . . . . . . . . . . . 30 T Taiwan Semiconductor Manufacturing . . . 38,51
SENIOR WRITERS Bill Alpert, Lisa Beilfuss, Daren Fonda, Lauren Foster, Al Root, Avi Salzman,
CSX . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Take-Two Interactive Software . . . . . . . 12,14,51
Alexandra Scaggs, Lawrence C. Strauss
Cummins . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Tenet Healthcare . . . . . . . . . . . . . . . . . . . . . . . . . . 15
REPORTERS Luisa Beltran, Pierre Briançon, Megan Cassella, Jack Denton, Carleton English, Sabrina Escobar, Tilray . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51
D Danaher . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 Nicholas Jasinski, Callum Keown, Evie Liu, Shaina Mishkin, Josh Nathan-Kazis, Teresa Rivas, Lina Saigol, Tower Semiconductor . . . . . . . . . . . . . . . . . . . . . . 53
Deere . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,31 Connor Smith, Jacob Sonenshine, Karishma Vanjani TPG . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,38
Delta Air Lines . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39 Travelers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
STORY EDITORS Henry Cutter, Mel Gray, Camilla Imperiali, Ed Lin, Erin McCarthy,
Deutsche Bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Trimble . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
Devon Energy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Stacy Ozol, Rupert Steiner (London bureau chief) Truist Financial . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Diamondback Energy . . . . . . . . . . . . . . . . . . . . . . 16 COPY DESK Michael J. Burlingham, Richard Rescigno, Robert Teitelman
Discover Financial Services . . . . . . . . . . . . . . . . 13 U Uber Technologies . . . . . . . . . . . . . . . . . . . . . . . . . 21
IDEAS EDITOR Matt Peterson
DISH Network . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 Union Pacific . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Domino's Pizza . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53 DEPUTY DIGITAL MANAGING EDITOR Zoe Szathmary United Airlines Holdings . . . . . . . . . . . . . . . . . . . 13
UnitedHealth Group . . . . . . . . . . . . . . . . . . . . . . . 13
E Electronic Arts . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 SENIOR AUDIO MANAGER Mette Lützhøft DIGITAL PRODUCERS Robert Cushing, Clare McKeen, Malak Saleh
U.S. Bancorp . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Etsy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 DIRECTOR, DESIGN & VISUALS Kristin Lenz
Expedia Group . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39 ART DIRECTORS Robert Connolly, Nick Hallam, Sue Ng V ViacomCBS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Exxon Mobil . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16,46 DIRECTOR OF PHOTOGRAPHY Sarina Finkelstein PHOTO EDITORS Sam Kelly, Nicole Silver Vir Biotechnology . . . . . . . . . . . . . . . . . . . . . . . . . . 51
Virgin Galactic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51
F Fastenal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 RESEARCH DIRECTOR Pauline Yuelys RESEARCHER Dan Lam Visa . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
Federated Hermes . . . . . . . . . . . . . . . . . . . . . . . . . 37 STATISTICS MANAGER Michael T. Kokoszka STATISTICIAN Darren Chima
Fifth Third Bancorp . . . . . . . . . . . . . . . . . . . . . . . 13 W Walt Disney . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,39
Fiserv . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 MANAGER, ADVERTISING SERVICESJames H. Balmer ASSOCIATE MANAGER Ward S. McGuiness
Ford Motor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39 NEWS editors@barrons.com STATISTICS barronsstats@barrons.com CUSTOMER SERVICE 800-544-0422 Z Zynga . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,14,51
Freeport-McMoRan . . . . . . . . . . . . . . . . . . . . . 16,45 GLOBAL HEAD, WEALTH & ASSET MANAGEMENT Jack Otter

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January 17, 2022 BARRON’S 5

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for Institutional shares, out of 569 for Institutional shares, out of 294 The Overall Morningstar Rating™ is The Overall Morningstar Rating™ is
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Muni National Long funds. Bond funds.

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January 17, 2022 BARRON’S 7

UP & DOWN WALL STREET


The bond market sees the Fed’s rate target
peaking well short of inflation, even below the
central bank’s long-term aspirational target of 2%.

The Markets Now See


yield, to 1.94% in one year and 2.06% was a measure conceived in the 1960s
in two years, the NatWest note said. by the economist Arthur Okun, then
Those projections were up from 1.77% an advisor to President Lyndon John-
on late Friday, basically unchanged on son; it added unemployment to infla-

Rate Rises Ahead—


the week, but below the bank’s own tion. That sum would describe the
forecasts of 2.2% in the fourth quarter economic woes faced by most of us
of 2022 and 2.45% a year later. whose concerns might be more banal
Corporate treasurers, sensitive bell- than the difficulty of finding a slip big

Just Not Big Ones


wethers of rate trends, have rushed enough for a new megayacht. Except
back to capital markets on what they for the 0.1%, having a job and being
see as very attractive terms. In the able to pay the bills ranks higher on
first nine business days of 2022, in- the worry list.
vestment-grade companies have During the post-World War II era,
raised about $100 billion, while high- the Misery Index ranged from a low

O
yield borrowers, a much smaller co- just under three in July 1953, when
n Wall Street, the CME FedWatch site, while JP- hort, raised just over $13 billion. inflation was negligible and the U.S.
there’s a peren- Morgan Chase CEO Jamie Dimon Yet those expectations of relatively was fully employed, to about 22 in
nial argument opined on Friday that there could be small rate rises were enough to make June 1980 at the height of the stagfla-
about the relative six or seven rises this year. for another down week for equities, tion under President Jimmy Carter.
perspicacity of Futures and forward contracts are with the Nasdaq Composite off nearly The Misery Index was in a steady as-
those who toil in pricing in a similar number of increases 5% since the turn of the year. One cent last year, pushing into double
the stock market as Dimon—but only by the end of 2023. inference might be that both markets digits in April and standing at 10.9 by
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

versus those in the bond market. What And then they anticipate the fed-funds see a limited scope for higher interest December. Not surprisingly, as misery
I have concluded from these colloquies rate topping out in the 1.6% range rates, perhaps because of the toll they increased, the University of Michi-
is that both camps can glean something By Randall W. through 2024, according to NatWest’s would take on economic growth, or gan’s consumer sentiment index
from the other’s perspective. Forsyth economic and strategy report. That because of the fragility of the heavily started to roll over.
The week just past provides some would be well short of the 2.4% peak in indebted financial system. There may The last time the Misery Index got
examples of the varying viewpoints 2019 during the last Fed hiking cycle, be relatively little difference between into the double digits was in May 2012,
from these respective sectors of the and the Fed’s own expectations of a the stock and bond crowds, after all. when it was 10.4, with unemployment
financial markets. Stocks continued further rise to 2.1% in 2024 and a lon- at 8.1% during the slow recovery from

N
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

their 2022 retreat as the Federal Re- ger-run neutral rate of 2.5% published ow, in the winter of our dis- the recession following the 2007-09
serve is widely seen as backing away at its December policy meeting. content, it shouldn’t be sur- financial crisis. But inflation was sub-
from its ultra-accommodative mone- As for longer-term interest rates, prising that the Misery In- dued then, at 2.3%, as it had been for
tary policy, after belatedly acknowl- the forward market sees only a mild dex has made a comeback. most of the past quarter-century.
edging the inflation long apparent to rise in the benchmark 10-year note Those of a certain age will recall that it That is, until last year. The Misery
everyone else. Index rose and consumer sentiment
Meanwhile, the sharp rise in bond fell despite a steady decline in the job-
yields ran into resistance at approxi- less rate, to 3.9% in December. Infla-
mately their recent high-tide marks. tion has proved more intransigent
And while fixed-income markets than transitory, the term that Fed offi-
agree about the near certainty of fu- cials optimistically used, and that has
ture Fed interest-rate hikes, they proj- spelled misery for those having to pay
ect those rates topping out at relatively higher prices.
modest levels. Moreover, the market And so inflation moved to the eve-
sees the Fed’s rate target peaking well ning news and front pages of newspa-
short of inflation, even below the cen- pers this past week, with the consumer
tral bank’s long-term aspirational tar- price index rising 7% in December from
get of 2%, let alone the 7% rise in con- its level a year earlier, the biggest year-
sumer prices in the past 12 months. over-year increase in four decades. The
An array of Fed speakers basically blame gets pinned on the much-publi-
confirmed widespread market expec- cized kinks in supply chains as the
Brian Snyder/Reuters/Alamy

tations of three one-quarter-percent- Covid-19 pandemic persists.


age-point increases in the federal- JPMorgan Chase But Joseph Carson, the former chief
boss Jamie Dimon
funds target from the current 0% to says that six or
economist of AllianceBernstein, who
0.25% range this year. By week’s end, seven rate hikes has consistently sounded the claxon
the fed-funds futures market was put- are possible about inflation, finds that easy money
this year, more
ting about a 60% probability of a than the markets boosted reported inflation as much as
fourth hike by December, according to are expecting. supply shortages and bottlenecks.
8 BARRON’S January 17, 2022

Up & Down Wall Street (continued)

He assumes that supply constraints rents start to feed into the CPI.

Time for a
accounted for all of the jumps in prices of The consensus among top Fed officials
new and used vehicles, rental cars, house- and market participants now is that liftoff
hold furnishings and appliances, apparel, for the fed-funds rate will take place at the
sporting goods, and food consumed away March 15-16 Federal Open Market Com-
from home. All told, he figures, those mittee meeting, with a 25-basis-point hike
items accounted for about 3.5 percentage being given an 83% probability on Thurs-

New Income points of the 7% rise in the CPI.


While the news stories trumpeted that
this was the biggest yearly rise in the CPI
in almost four decades, Carson points out
day, according to the CME FedWatch site.
Odds favor additional 25-basis-point
moves in June and September, with a
fourth increase in December given better
that the jump would have been much than even-money odds. Four hikes would

Strategy? larger if the index was calculated with the


formula used before 1982, which counted
house prices to estimate homeowners’
housing costs. House prices were up 19%
from those a year earlier, according to the
put the funds rate at a whopping 1% to
1.25%, still negative in real terms. (A basis
point is 1/100th of a percentage point.)
While those increases are on the hori-
zon, the Fed is continuing to purchase $40
most recent S&P Core Logic Case-Shiller billion of Treasury securities and $20 bil-
Composite index. Imputed rent—a mea- lion of agency mortgage-backed securities
sure in CPI that estimates what home- each month. Although the FOMC an-
owners would be willing to pay to rent nounced a further tapering of its bond buy-
Nasdaq 100 their homes—was up only 3.8%. Adjusting ing at its December meeting, it is continuing
the homeowners’ costs for actual prices to add liquidity by expanding its balance
Covered Call ETF would have added 3.5 percentage points to sheet, which is closing in on $9 trillion, up
the reported 7% rise in the CPI. from about $4 trillion before the pandemic.

QYLD Easy money contributed to this surge in The latest inflation data should spur the
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

inflation, while the pandemic pumped up Fed to announce an end to its securities
other prices, Carson contends. Somehow purchases at the Jan. 25-26 meeting, Neil
we doubt there are houses or condos on Dutta, head of economics at Renaissance
container ships anchored off the West Coast Macro Research, writes in an email. While
that would ease a tight housing market. the asset purchases are supposed to end by
What’s also different from the last time March, paving the way for the much-antic-
inflation ran this hot is the fed-funds rate, ipated first lift in rates, he said an earlier
which Jim Reid, Deutsche Bank’s head of end would be a very small, hawkish sur-
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

thematic research, noted was at 13% in 1982. prise to the markets expecting an eventual
1 (888) 493-8631 With the Fed now continuing to peg its key runoff in the balance sheet.
GLOBALXETFS.COM policy rate at 0% to 0.25%, the real rate (af- Dutta sees low odds of getting inflation
ter adjusting for inflation) is below anything down into the 2% zone by year end, as
seen during the Great Inflation of the 1970s envisaged by the FOMC’s latest Summary
and only comparable to the World War II of Economic Projections. “There is quite a
era, he wrote in a client note. Deeply nega- bit of inflation in the pipeline,” he says.
® tive real rates equate to super-easy money. Aggregate incomes are growing at roughly
Beyond Ordinary Income At his confirmation hearing before the 10%, he estimates. So, unless one assumes
Senate Banking Committee this past week, real growth of 8%, it’s hard to envision a
QYLD writes covered call index options on the Nasdaq 100® Index. By Fed Chairman Jerome Powell reiterated the 2% inflation rate, he adds.
selling covered call options, the fund limits its opportunity to profit from an central bank’s intention to keep the current To rein in inflation, the Fed’s monetary
increase in the price of the underlying index above the exercise price, but high inflation from getting embedded in the expansion will have to slow and eventually
continues to bear the risk of a decline in the index. A liquid market may not economy. reverse. As the central bank stops buying
exist for options held by the fund. While the fund receives premiums for But when asked by Sen. Pat Toomey (R., and starts redeeming maturing securities,
writing the call options, the price it realizes from the exercise of an option Penn.) how realistic it is to bring back infla- J.P. Morgan estimates, the market will have
could be substantially below the indices current market price. tion to the Fed’s targets while maintaining to absorb an additional $350 billion in
negative real interest rates, Powell’s initial bonds this year. Slower growth in the
Carefully consider the Fund’s investment objectives, risk response was to blame disruptions causing money supply will leave less excess cash
factors, charges and expenses before investing. This and supply to trail demand. He added that if the available to be plowed into equities, ac-
additional information can be found in the Fund’s full or Fed sees inflation persist, it will use its tools cording to a report by Nikolaos Panigirtzo-
summary prospectus, which are available at globalxetfs.com. and raise rates. glou, head of the bank’s global quantitative
Read the prospectus carefully before investing. Meanwhile, the Fed’s policy remains and derivatives strategy group.
Shares of ETFs are bought and sold at market price (not NAV) and very expansionary in the face of the infla- This prospect of tighter liquidity al-
are not individually redeemed from the Fund. Brokerage commissions tion that’s making us miserable. While ready is making for a miserable start to
will reduce returns. Distributed by SEI Investments Distribution Co. most of that has been in soaring prices of 2022. It may be just the beginning. B
goods, higher service costs may become
the greater problem, especially as lagging email: randall.forsyth@barrons.com
January 17, 2022 BARRON’S 9

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10 BARRON’S January 17, 2022
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You don’t need to


be a bioengineer to
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sector, such as technology, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.
The Nasdaq-100 Index comprises the 100 largest non-financial companies traded on the Nasdaq. An investment cannot be made directly into an index.

Before investing, consider the Fund’s investment objectives, risks, charges and expenses. Visit
invesco.com/fundprospectus for a prospectus containing this information. Read it carefully before investing.
Invesco Distributors, Inc.
January 17, 2022 BARRON’S 11

ST R E E T W I S E
AB InBev has been selling so many home beer
taps in the U.K. that they now outnumber pubs.
How will anyone leave the house?

Outlook Is Cloudy,
might as well park money in promis- than the value one. That’s because the
ing companies whose cash flows won’t index and growth ETF have at times
ramp up for years. Growth has beaten been dominated by the same world-
value by around 100 percentage beating tech giants. That has worked

But Value Stocks


points over the past decade, using the well, but it has also left passive inves-
aforementioned ETFs. tors all-in on growth.
During the pandemic, the perfor- A simple adjustment is to buy a
mance difference has widened, be- value ETF. A less-simple one is to

Get Chance to Shine


cause the Federal Reserve has used shop for individual stocks among
bond purchases to push yields even value-priced names that have been
lower, and spending has shifted in running ahead of the market this year.
favor of growthy online services. A quick scan of the S&P 500 shows
Solita Marcelli, chief investment healthy gains for Cummins (CMI),
officer for the Americas at UBS Global Royal Caribbean Group (RCL), Deere

B
Wealth Management, says that price- (DE), Chevron (CVX), Citizens Fi-
uy the dip, wrote J.P. point for real rates was positive, and to-earnings ratios for growth stocks nancial Group (CFG), Ford Motor
Morgan’s strategists the economy was weakening. This have ballooned to 31 from 22 during (F), and ViacomCBS (VIAB).
early this past week. year, the bank predicts, will be charac- the pandemic, while those for value

I
As calls to courage go, terized by the end of the pandemic stocks have risen more modestly, to 16 ’m concerned about the United
it wasn’t exactly and a full global recovery. That hinges from 13. The difference between the Kingdom. Michel Doukeris, the
Churchill during the on its expectation that “Omicron’s two current numbers—15—compares new CEO of Anheuser-Busch
Blitz. lower severity and high transmissibil- with a historical average of six. InBev (BUD), the world’s biggest
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

The dip in this case was a 2% de- ity crowds out more severe variants Ironically, value stocks are likely to brewer, tells me he has been selling so
cline, year to date, in the S&P 500, and leads to broad natural immunity.” produce faster earnings growth than many home beer taps there that they
bringing its 10-year gain to 261%, not By Jack Hough I, for one, can’t wait to get back out growth stocks this year, according to now outnumber pubs. How will any-
counting dividends. Also, many of the there this year and decline to travel Credit Suisse. That’s because compa- one leave the house? If you haven’t
biggest individual dippers this year because of runaway pricing, rather nies that were hit hard by the pan- heard from friends there in a while,
have been thinly profitable highfliers, than fear of infection. demic stand to bounce back as it check in, or at least send pretzels.
like cloud player Snowflake (ticker: Rather than buy the bob, or waffle, abates. Doukeris’ order is a tall one. AB
SNOW), or assets that are backed by or whatever the market term is for a There have been many false starts InBev has been rolling up the beer
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

suspended disbelief, like crypto. not-quite dip, consider buying some- for a shift into value stocks over the industry, but its stock returns have
But these are quibbles. I take J.P. thing that’s rising: value stocks. The past decade. This could be one of them stunk over the past decade. Demand
Morgan’s broader point, which is that Invesco S&P 500 Pure Value ex- if the economy fizzles, inflation cools, has shifted, especially during the pan-
an expected rise in interest rates change-traded fund (RPV) is up 7% and near-zero interest rates hold. Ei- demic, toward spirits and fizzy, fruity
needn’t derail stocks. Yes, the U.S. this year. It tracks a basket of big U.S. ther way, a wholesale shift into value stuff in cans, like hard seltzers and
inflation rate just hit 7%, the highest companies that look cheap, relative to stocks seems imprudent. ready-to-drink cocktails.
since 1982, back when E.T. was phon- earnings, sales, and the book value of “There is still this huge digitization AB InBev has those, too, but it’s
ing home and the rich kid on my assets. Invesco S&P 500 Pure effort across corporate America,” awash in beer. Doukeris says it’s time
street got a Commodore 64 com- Growth (RPG), which holds compa- Marcelli says. “Are we saying value is for growth and deleveraging.
puter—his old man worked for IBM. nies with strong earnings growth and going to outperform growth for the Growth will come from new prod-
And yes, there’s growing agreement price momentum, is down 7%. next five years? Not necessarily.” ucts worldwide, like one called Brutal
that some of that added inflation will Low interest rates flatter the valua- But looking at returns over the past Fruit in South Africa and Cutwater
stick, and action is needed. tion math on growth stocks; when decade, the S&P 500 index has per- Spirits in the U.S., and new services,
“The problem is, as that inflation- bond yields are minuscule, investors formed more like that growth ETF such as delivery of cold beer in 30
ary mind-set gets embedded in prices minutes or less in some markets.
and wages, the Fed has to respond Good news, Florida: Doukeris says
with kind of hitting the economy over he’s testing home beer taps in Miami.
the head with a brick,” says Edmund BARRONS.COM/PODCASTS He also plans to make fuller use of
Bellord, a portfolio manager at Hard- AB InBev’s scale. Some ideas seem
ing Loevner.
But the starting point for rates is so
sharply negative after adjusting for
Barron’s Streetwise more immediately deliverable than
others. Selling more marketing, distri-
bution, financial, and tech services to
inflation, he says, that raising rates In a weekly podcast by Barron’s, columnist Jack Hough looks small players? Makes sense. Turning
might not be so bad for stocks. at the companies, people, and trends you should be watching. spent grains into protein for me to dig
J.P. Morgan compares now with This is Wall Street like you’ve never heard before. Subscribe into at dinner? Not even if you throw
late 2018, when rate increases sparked to Barron’s Streetwise on Spotify, Apple Podcasts, in a sixer of Brutal Fruit. B
a stock selloff, and the Fed later re- or your favorite listening app.
versed course. Back then, the starting email: jack.hough@barrons.com
12 BARRON’S January 17, 2022

R E VIEW 35,911.81
Dow Industrials: -319.85
566.27
Dow Global Index: +0.35
1.77
10-year Treasury Note: 0.00

No More Santa Claus HE SAID


Stocks slipped to open the week. Tues-
day was Fed Day, with Chairman Je-
rome Powell’s confirmation hearing on
“We are going
Capitol Hill. Consensus settled on four
rate rises in 2022, starting in March. to have to be
humble but a
Indexes rose even after December infla-
tion numbers came in at 7% year over
year, only to fall hard on Thursday, led
by tech. Earnings season began with
bank stocks taking a beating. On the
bit nimble.”
week, the Dow industrials fell 0.9%, to Federal Reserve Chairman Jerome Powell
before the Senate Banking Committee
35,911.81; the S&P 500 slipped 0.3%, to
4662.85; and the Nasdaq Composite
lost 0.3%, to 14,893.75.

The Powell Show


Powell was grilled on inflation, inter-
THE BARRON’S CHALLENGE est rates—and ethics. He conceded
that inflation posed a “severe threat”

Strange Year, THE NUMBERS


but said supply-chain problems would
ease. His testimony followed the resig-
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

$480 B
nation of Vice Chairman Richard

Tough Quiz
Clarida, after revelations that his trad-
ing activities were greater than what
he had described. Powell said new
Assets in U.S. public pension ethics rules would effectively end offi-
funds allocated to private eq- cials’ “ability to actively trade.” Presi- ernment then got hit by a cyberattack.
Making correct financial predictions is tough. uity, up from $300 billion in dent Biden nominated former Fed
That was apparent in Barron’s 2021 forecasting chal- 2018. governor Sarah Bloom Raskin to be Blow to Biogen
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

$2.7 T
lenge. Our winner got a score of 11 in the contest, which vice chair for supervision. In an unusual, if preliminary, decision,
featured 14 multiple-choice questions and two questions the Centers for Medicare and Medicaid
about the best and worst stock in the Dow Jones Indus- A Shot at Mandates Services said it would only reimburse
trial Average. The Supreme Court blocked the ad- patients for Biogen’s Alzheimer’s ther-
The maximum possible score was 17. The Dow’s big- Amount of savings built by ministration’s corporate vaccine man- apy, Aduhelm, who were in clinical tri-
gest winner and loser were worth two points each, and Americans during the pandemic. date, 6-3, while allowing it for health- als. Doubts have been raised about the

$47 B
we discarded a question about Covid because none of the care workers at facilities that accept drug’s efficacy. Shares fell 5%.
three possible scenarios that we offered actually panned Medicare and Medicaid. Local govern-
out. A complete list of the questions and answers ap- ments and companies can also set Annals of Deal Making
pears on our website at barrons.com/quizanswers. The their own mandates. Citigroup, for Take-Two Interactive Software said it
average score was 3.74, and I got a score of four. Volume of global data-center instance, said it would fire anyone would acquire Zynga for $12.7 billion in
We received more than 5,000 entries. The winning deals in 2021, a record, up from who refused to get vaccinated by the cash and stock, a 64% premium. Zynga,
score in the prior year (with the same number of ques- $34.5 billion in 2020, and three end of the month. The Omicron surge, best known for FarmVille, gives Take-
tions) was 15, one of the best scores ever. In the 20 years times that of 2019. meanwhile, may be peaking in the Two a big presence in mobile gaming.

Illustration by Elias Stein; Al Drago-Pool/Getty Images


Zynga stock had been hurt by Apple’s

3.3 M
of the contest, nobody has achieved perfection. Northeast, while still rising nationally.
We normally profile the winner, but this year’s top change in privacy rules…Cerberus cut
scorer didn’t respond to our emails. If he or she materi- Russia Calls stakes in Deutsche Bank and Commer-
alizes, the winner will get a two-year subscription to U.S. and Russian talks began over zbank it bought in 2017, when it looked
Barron’s and lunch with a Barron’s staffer of the winner’s Number of baby boomers retir- Ukraine, with the two sides laying out as if the troubled German banks would
choice in Manhattan once the pandemic subsides. ing as of October 2021 from their positions: Russia demanding that merge. They never did…Citadel Securities
The toughest question was to predict the best Dow January 2020, exceeding the Ukraine never be allowed to join sold a $1.2 billion stake to venture-capital
stock for 2021—it was Home Depot—which less than 1% expected demographic shift. NATO; the U.S. threatening sanctions if firms Sequoia and Paradigm possibly in
got right. Under 2% correctly forecast the worst, Walt Russia invades Ukraine. Those talks preparation for an IPO, valuing it at $22
Disney. And less than 5% of respondents guessed that To get Numbers by Barron’s were followed by Russia sitting down billion…Citigroup said it would sell or
the index would return over 20% (including dividends). daily, sign up wherever with NATO, insisting there were no IPO its Mexico retail bank, Banamex,
In fact, the Dow returned just under 21%. you listen to podcasts or at ultimatums or time lines, but demand- and unloaded some Asia retail units for
We received over 3,000 responses to the 2022 quiz and Barrons.com/podcasts ing “a fast response,” then declaring $3.6 billion...Private equity’s TPG went
will announce a winner in January 2023. — Andrew Bary them at a “dead end.” The Ukraine gov- public at a $10.4 billion valuation.
January 17, 2022 BARRON’S 13

P R EV IEW Wednesday The Census Bureau reports new residential Sign up for the Review &
construction data for December. Economists
forecast a seasonally adjusted annual rate of Preview daily newsletter at
1.65 million housing starts and 1.71 million building permits. Barrons.com/reviewpreview

Monday 1/17 Thursday 1/20


U.S. stock and fixed-income markets American Airlines Group, Baker
are closed in observance of Martin Hughes, CSX, Fifth Third Bancorp,
Luther King Jr. Day. Intuitive Surgical, KeyCorp, Net-
flix, Northern Trust, PPG Indus-
tries, Regions Financial, SVB
Tuesday 1/18 Financial Group, Travelers, and
Union Pacific announce quarterly
Bank of New York Mellon, Charles results.
Schwab, Goldman Sachs Group,
J.B. Hunt Transport Services, The National Association of Real-
PNC Financial Services Group, tors reports existing-home sales for
and Truist Financial report quar- December. Economists forecast a sea-
terly results. sonally adjusted annual rate of 6.39
million existing homes sold, slightly
The Bank of Japan announces its less than in November. The median
monetary-policy decision. The cen- existing home sold for a record
CONTAGION RISK tral bank is widely expected to keep $353,900 in November, up 13.9%
its key short-term interest at negative year over year.

Crypto: Equity Let’s Dance


Before the pandemic, Bitcoin prices
0.1%. The BOJ and European Central
Bank are bucking a global trend and
Friday 1/21
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

moved independently from the S&P have said they don’t plan to raise in-
terest rates this year, even as the Fed-

In Disguise?
500. That changed in 2020.
eral Reserve is expected to hike the Huntington Bancshares and
Bitcoin and the S&P 500 federal-funds rate by as much as one Schlumberger will hold conference
Performance, 2018 to 2021
percentage point in 2022. calls to discuss earnings.
400%
Bitcoin rebounded this past week along with stocks and The National Association of Home The Conference Board releases its
300 Bitcoin USD
other risk assets in an increasingly familiar trend: Bitcoin Builders releases its Housing Market Leading Economic Index for Decem-
S&P 500 Index
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

and stocks are tagging along with each other. On Wednesday, Index for January. Consensus esti- ber. Consensus estimate is for a 0.8%
200
for instance, Bitcoin traded around $43,500, up 4.6% over 24 mate is for a 83 reading, slightly less monthly increase, after a 1.1% rise
hours. Ether, the second-largest token, was up with the 100 than in December. The index is below in November. The Conference Board
broader crypto market. Equities also rose, with the S&P 500 its record high of 90 from November currently projects a 6% growth rate
index up 0.28% on the day, following Tuesday gains. 0 2020, but remains elevated histori- for fourth-quarter 2021 gross domes-
As the International Monetary Fund warned in a blog -100
cally, as builders continue to be very tic product, and 3.5% for 2022.
post, sentiment in equities and crypto appear increasingly bullish on the housing market.
connected, raising the “risk of contagion across financial 2018 ’19 ’20 ’21 ’22
markets.” Bitcoin’s correlation to the S&P 500 was just 0.01 The Federal Reserve Bank of New
from 2017 to 2019, said the IMF, suggesting that equity and York releases its Empire State Manu-
Coming Earnings
Follow the Leader Consensus Estimate Year ago
crypto prices were moving independently. (Assets that move facturing Survey for January. Expec-
in total lockstep have a value of 1; those that have no price Bitcoin prices once had little to do with tations are for a 19.5 reading, about 12
T
Bank of America (Q4) $0.77 0.59
relationship, 0.) That changed in 2020-21, as central banks stocks—and even sometimes moved in points below the December data. The Charles Schwab (Q4) 0.86 0.74
flooded markets with liquidity and correlation jumped to opposition. That’s not the case now. index is off its peak from last sum- Goldman Sachs (Q4) 11.70 $12.10

0.36, indicating the asset classes were moving closer together. Yearly S&P 500 Correlations mer, but manufacturing activity J.B. Hunt Transport (Q4) 2.01 1.44
PNC Financial (Q4) 3.21 3.26
Bitcoin looks similarly linked to emerging markets, with to Bitcoin, 2018 to 2020 remains strong in the region.
W
a 0.34 correlation to the MSCI Emerging Markets Index in 1 Discover Financial (Q4) 3.64 2.59
2020 and 2021, up 17-fold from prior years. Crypto is now
Wednesday 1/19
Morgan Stanley (Q4) 1.94 1.92
more closely tied to stocks than gold, investment-grade More Earnings on Page 74.
bonds, and major currencies, implying that its diversifica-
tion benefits have largely vanished.
0
ASML Holding, Bank of America, Consensus Estimate
The message from the IMF is that Bitcoin and the broader Citizens Financial Group, Comer- Day Consensus Est Last Period
crypto world aren’t likely to offer protection against down- ica, Discover Financial Services, W December Housing Starts 1,655,000 1,679,000

turns in equities. Crypto’s volatility is also spilling into equity Fastenal, Morgan Stanley, Procter TH December Existing Home Sales 6,395,000 6,460,000
Unless otherwise indicated, times are Eastern. a-Advanced;
markets, and vice versa, implying that “sentiment in one & Gamble, Prologis, State Street, f-Final; p-Preliminary; r-Revised Source: FactSet
-1
market is transmitted to the other in a nontrivial way.” The United Airlines Holdings, United- For more information about coming economic reports
IMF views this as a risk to financial stability, particularly in 2017 ’18 ’19 ’20 ’21 Health Group, and U.S. Bancorp - and what they mean - go to Barron’s free Economic
Calendar at www.barrons.com
markets where crypto is taking off. — Daren Fonda Sources: CoinDesk; FactSet; Morningstar release earnings.
14 BARRON’S January 17, 2022

FOLLOW-UP
A shortage of videogame consoles has
weighed on shares of Take-Two Interactive.
Smartphones might be the solution.

With Zynga Deal, Take-Two


Where today’s Is Playing the Long Game
best advisors By CONNOR SMITH mobile operating system, which have lim-
ited the ability of Zynga and other online

A
new wave of videogame consoles advertisers to track users.

grow their
should have been the best of times Take-Two’s deal values Zynga at $9.86 a
for videogame makers. Game pub- share. That’s a hefty 64% premium to
lishers like Activision Blizzard, Zynga’s pre-deal price, but it’s still a 20%
Electronic Arts, and Take-Two Interac- discount to the stock’s $12 high less than a

business for
tive have historically benefited in the wake year ago. Wedbush analyst Michael Pachter,
of console launches from Sony and Mi- who has a $12 target on Zynga, calls the
crosoft. deal a bargain for Take-Two. “Take-Two
But, as with so many things, the pan- goes from 10% mobile to over 50%, making

tomorrow. demic threw historical trends out the win-


dow. Sony’s (ticker: SNE) PlayStation 5 and
Microsoft’s (MSFT) Xbox Series X were
among the many victims of global semi-
them a more steady grower than they were
before with an unclear release schedule for
their large games,” Pachter wrote in an
email. “I think it’s a great fit.”
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

conductor shortages. More than a year Investors aren’t so sure. Take-Two shares
after their launches, the next-generation sank 13% Monday after the company an-
Join Barron’s Advisor and unlock leading-edge consoles are still nearly impossible to find. nounced the deal, though the stock recov-
tools, insights, and connections designed to So, instead of enjoying a console-fueled ered about half of those losses, closing Fri-
help you craft the future of your business. rally—as Barron’s predicted in a bullish day at $152.58. The deal is already winning
story late in 2020—the game publishers over Wall Street analysts, and Take-Two
have underperformed the market. shares could continue to head higher. The
Features include: This past week, Take-Two (ticker: stock currently trades at about 23 times
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

— Real-time market insights TTWO), known for big-budget console and earnings estimates for the coming year, be-
PC franchises like Grand Theft Auto and low a three-year average of 28 times. At that
— Stories written specifically for advisors Red Dead Redemption, made a significant average multiple, Take-Two shares would
— Interviews with top advisors and effort to right its ship. The company agreed be more than 20% higher, at $187.
industry standouts to buy mobile-game maker Zynga (ZNGA) Take-Two is planning to release a remas-
for $12.7 billion. tered version of its classic Grand Theft Auto
— Custom benchmarking tools to Zynga, best known for FarmVille and V for new consoles this year. That could
measure your practice against peers Words With Friends, gives Take-Two a provide a nice bump for Take-Two sales.
larger roster of game developers along But in the long term, consoles should be-
— Access to exclusive
with a treasure trove of data and mobile- come less important. With Zynga, Take-
webinars and live events advertising resources. Most of all, it brings Two has taken control of its destiny. B
scale, says Take-Two CEO Strauss Zelnick.
Find out more at “I think that’s crucial—the opportunity
for achieving $100 million in cost syner- Take-Two Interactive Software
Barrons.com/Advisor gies in the near term, the opportunity to (TTWO / Nasdaq)
create $500 million annually in revenue
$220
synergies without regard to new game
development,” Zelnick tells Barron’s. He
200
notes that mobile-game development is
quicker than building games for consoles
and PCs, and the company should be able 180
to leverage Zynga’s mobile expertise for its
own franchises. A truly mobile-optimized 160
Grand Theft Auto could be a hit for Take-
Two. And investors will eventually reward 140
the recurring revenue stream. Oct. 2021 2022
Zynga’s stock had fallen on hard times 2020
© 2021 Barron’s Group & Dow Jones & Company, Inc. All rights reserved. 2E258
in the wake of changes to Apple’s (AAPL) Source: FactSet
January 17, 2022 BARRON’S 15

Healthcare
might have stayed home in March
of 2020. What’s more, 700 of the
health system’s 30,000 employees
were out sick on a single day in early

Industry May January.


“It stretches the resources that we
have, the staff, the beds,” Balcezak

Feel the Pain says. “It’s just wearing on our staff.


Just like every place else in our coun-
try right now, the morale here is

Of Hospitals
somewhat—it’s pretty tough.”

T
he impact of Omicron is falling
unevenly across the country,
and some hospital leaders say
this wave has so far been less
Omicron is overwhelming hospitals intense than others.
in many states. Yet even when the Now, more hospitalized patients
wave passes, staffing shortages are being treated outside of the ICU,
and fewer people are dying.
will persist. Fewer deaths, says Dr. Michelle
Barron, senior medical director of
infection prevention and control
By JOSH NATHAN-KAZIS for the Colorado hospital system

E
UCHealth, has eased the psychologi-
ach wave of Covid-19 has hit cal burden.
Washington state’s hospi- started,” says Dr. Jarone Lee, medical Fatigue and frustra- Medtronic (ticker: MDT) blamed “When you do everything you
tion have beset
tals harder than the last. director of an intensive care unit at many of the nation’s a nursing shortage as it cut its sales think you can, and they still die,
Now, two years into the Massachusetts General Hospital. hospitals after two guidance, saying that hospitals that’s hard,” Barron says.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

years of pandemic.
pandemic, most of the The Omicron wave is revealing a In May 2020, two
couldn’t use its tools because there Supply-chain issues aren’t as in-
nurses who worked at the healthcare workforce in the U.S. that nurses consoled weren’t enough ICU nurses available tense as in March of 2020, when hos-
emergency department at has been weakened by two years of each other at the to do the surgeries for which those pitals were scrambling for protective
Covid-19 Intensive
Harborview Medical Center in Seattle pandemic. Care Unit at Harbor- tools are used. equipment, but they linger.
have left, and the department is hav- In some parts of the country, view Medical Center “There are structural changes that An acute blood shortage led the
ing trouble finding enough nurses to hospitals are managing to maintain in Seattle. have happened to the labor market,” American Red Cross this week to
treat its patients. relatively normal operations. In acknowledged the CEO of hospital sound a rare nationwide alarm. Mass
“We do not have the same nursing others, states and local hospital company Tenet Healthcare (THC), General’s Lee says that staff members
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

staff, essentially, that we had even last systems are already adopting emer- Saum Sutaria, at an investor conference at his hospital are donating blood in
summer,” says Dr. Steve Mitchell, gency measures. this week. “It’s naive to say that noth- their free time.
medical director of the department. In Virginia, caps on the number ing has changed that won’t impact us The crisis standards of care now in
“We’ve had to close certain beds in of patients a hospital can care for have going forward even if…Omicron were effect in some U.S. hospitals are meant
our emergency department because been lifted. Delaware has suspended to disappear in February.” to ration treatments. Oregon updated
we don’t have the nurses to be able the staffing ratio requirements for In the near term, the federal gov- its crisis standards of care guidelines
to help manage them.” long-term care facilities. ernment is seeking to patch the prob- this week, which call for hospitals
The number of patients in Wash- Hospital systems in Nebraska and lem with military doctors. The Biden setting up a triage team to prioritize
ington’s hospitals with Covid-19 is Delaware, and emergency medical administration on Thursday an- patients based on their prognosis,
higher than ever. Some hospitals in services in Colorado, have in recent nounced that it would send the mili- among other factors.
the state are already operating at days instituted so-called crisis stan- tary to support hospital staff in six Mitchell says that Washington
150% of their licensed bed capacity, dards of care, which allow rationing states. hospitals could be forced to put crisis
Mitchell says, and patients are being of treatment in extreme emergencies. At Yale New Haven Health, a health standards of care into effect in the
treated in hallways and breezeways The acute crisis might be short- system that runs hospitals across coming weeks.
and spaces normally used as recovery lived, but it offers an uncomfortable Connecticut, there are 3,000 open For doctors and other healthcare
rooms for surgery patients. window into a healthcare system jobs, according to Dr. Tom Balcezak, workers, it’s one more extraordinary
“This is our worst point,” he says. wounded by the pandemic. Even after the system’s chief clinical officer. challenge in two years that have
“March 2020 was hard. But we are in the Omicron wave, the staffing short- “We’ve seen a lot of early retirement, brought continual struggle. Even
a much worse situation now than we age will remain. That will have impli- people taking different kinds of jobs,” after the wave passes, the impact on
have ever been.” cations for patient care, and for the he says. “This is the Great Resignation the hospital workforce will linger.
The number of people hospitalized healthcare industry at large, that combined with the fatigue and frustra- “The silver wave of the baby boom-
AP Photo/Elaine Thompson

with Covid-19 in the U.S. is higher could linger for years. tion of working in healthcare.” ers has arrived just as the wave of
than ever, and the surge of patients Healthcare companies rely on ade- At Balcezak’s system, the number people leaving the healthcare work-
is hitting a hospital system that is quate nursing for patients to be able to of Covid-19 patients is still lower than force is occurring because of the
reeling after two years of nonstop use their drugs, medical devices, and it was in the spring of 2020, but now pandemic,” Mitchell says.
pressure. other products. Hospital companies the Covid-19 patients are arriving at “From a societal perspective, it
“We are very tired, and we haven’t can’t operate without enough nurses a hospital that’s busy treating people makes the healthcare system that
really slowed down since this all to staff their beds. In November, needing care for other reasons, who much more fragile.” B
16 BARRON’S January 17, 2022 January 17, 2022 BARRON’S 17

able payouts. Freeport-McMoRan King, a manager of the Columbia Flex- stock buybacks. Nucor, whose shares
(FCX), the leading global copper ible Capital Income fund. “I’m really trade around $110, pays a dividend of
miner, has announced a dual divi- high on companies with formulaic $2 annually. With its ample profits,
dend, although its yield is now mod- special dividends,” he says. “They’re Nucor favors stock repurchases, buy-
est, at 1.3%. Agco (AGCO), the farm- not well understood by the market.” ing back more than $3 billion of stock
equipment maker, pays a base
dividend of just 0.6%, but is supple-
menting that with an annual special
Funds he manages own OneMain,
Pioneer, and the insurer Progressive
(PGR), which has paid excess capital
in 2021 while paying $600 million in
dividends.
“We think our stock is undervalued
WH E N O PP OR TU N IT Y S TRI K E S
dividend keyed to earnings that has
boosted its total dividend yield to 4%.
in a special dividend in recent years.
The variable dividend approach
and that we create more value for
shareholders by buying back stock”
TAKE AC TIO N
The resource sector is well posi- differs from the one taken by Exxon than paying a higher dividend, says Jim
tioned to pay more dividends because Mobil (XOM) and Chevron (CVX), Frias, Nucor’s chief financial officer.
balance sheets are in their best shape which pay relatively high base divi- Barrick Gold (GOLD), the No. 2
in decades and profits are ample. dends and seek to maintain them gold miner, faces investor pressure to
Capturing opportunities can be like catching lightning
“The mining industry is very fo- throughout the cycle. Exxon, which unveil a variable dividend to match
cused on capital returns,” explains yields 5%, and Chevron, with a 4.2% Newmont’s. Barrick is expected to
in a bottle. With groundbreaking technology, unique
Chris LaFemina, a Jefferies analyst. yield, had to take on debt to pay their reveal its decision next month, when it data insights and 24-hour access to innovative products
“With balance sheets generally re- dividends during the pandemic when reports quarterly earnings. Newmont,
paired, there will be substantial capi- energy prices crashed. They are now whose shares trade around $60, pays across all major asset classes, CME Group can help
tal returns. The only debate is the in a position to raise them, given the a base dividend of $1 a share and a
structure.” strength in oil and gas. variable one linked to gold prices, you seize opportunities at precisely the right moment.
OneMain Holdings (OMF) is a Devon was the first sizable energy which is now $1.20 a year.
rare financial company that has pur- company to move to variable dividend LaFemina of Jefferies thinks that
sued a version of the base/variable format a year ago. The company pays BHP Group (BHP) and Rio Tinto VISIT CMEGROUP.COM/OPPORTUNITY
strategy. It makes consumer install- a modest base dividend of 44 cents (RIO), two of the world’s largest iron-
ment loans at 20%-plus interest rates annually, for a yield of less than 1% ore producers, should adopt a base/

Variable Dividends Offer to below-prime customers, generating


lofty returns. It has been paying big
variable semiannual dividends the
with a stock price at $49. It also paid a
73-cent variable dividend in the fourth
quarter based on a formula of up to
variable dividend structure rather
than their current variable payouts,
which resulted in big yields last year.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

past two years. The base dividend is 50% of its excess free cash flow. De- “A 4% base dividend is very doable

Big Yields in Flush Times


$2.80 a share annually, and OneMain von’s total 2022 dividend could hit $4 for them,” he says, adding it would
has paid out $6.75 a share in variable a share, up from the annualized $3.36 support their stock prices when iron-
dividends in the past 12 months, or a in the fourth quarter. ore prices are low. Both have little or
total of $9.55, for a trailing yield of “We’re responding to what our no net debt on their balance sheets.
17% at its recent stock price of $55. investors want,” says Devon CEO Rick Outside of energy and resources,
“Investors like that the company is Muncrief. “They’re saying: ‘We don’t who else could be a candidate?
Energy companies like Devon and Pioneer and those in resources like Freeport and optimizing its capital structure while want production growth, and we want Try JPMorgan Chase (JPM), the
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

getting a good dividend yield,” says to see capital coming back to us pri- nation’s largest bank. JPMorgan CEO
Newmont have new formulas to return capital to shareholders. Who could be next?
John Hecht, a Jefferies analyst who marily through dividends rather than Jamie Dimon has questioned the wis-
has a Buy rating and a $70 price target stock buybacks.’ ” Investors like the dom of share buybacks at elevated
on the stock. clarity of the formula, he adds. stock prices, saying three years ago
By ANDREW BARY Resources (PXD), both early adopters Variable dividends aren’t for every- Resource companies are prime can- that it would be “crazy” to buy back

F
of the variable strategy that now boast one, but they can be a good way for didates for variable dividends because stock at three times tangible book
or companies that pump out yields of around 7% between their companies to maintain financial disci- of the volatility of their earnings. value.
cash, dividends are a popu- base and variable dividends. pline and return cash when many Steelmakers, particularly Nucor With its stock rallying in the past
lar way to share some of it ConocoPhillips (COP) is another investors are hungry for income. (NUE), the industry leader, ought to year to a recent $160, the bank trades
with their shareholders. But practitioner, although its combined One fan of the strategy is David consider them as a complement to for around 2.3 times tangible book
that cash-generation power yield is lower, at 3%. Diamondback value. Its base dividend is now $4 a
may fluctuate, so many com- Energy (FANG), a large exploration share a year, or a 2.5% yield and a
panies in the energy and and production company, plans to roll third of projected 2022 earnings.
resources sectors have been turning to out the structure in 2022.
The New Thing in Dividends Columbia’s King, a longtime holder
variable dividend payments. Energy variable dividends should Here are some of the more prominent companies that are paying their shareholders both a base and variable of JPMorgan, says: “A disciplined or
Here’s how it works: Companies be headed higher in 2022 thanks to a dividend according to a specific formula. formulaic special dividend would be
pay a relatively low base dividend that rally in oil prices, which hit $82 a bar- Recent 52-Wk 2022E Base Variable Total Div an interesting idea for them to con-
they believe they can maintain rel this past week and could be headed Company / Ticker Price Chg EPS P/E Div* Div* Yield sider. The accounting and regulatory
throughout an economic cycle, plus a for $100. OneMain Holdings / OMF $54.49 5.8% $8.81 6.2 $2.80 $6.75 17.5% optics of share buybacks at a high
variable dividend based on their earn- And if oil bulls like Goldman multiple to tangible book aren’t good.”

Illustration by Michal Bednarski


ings that often involves a formula. Sachs’ commodity analyst Jeff Currie Pioneer Natural Resources / PXD 204.91 51.7 20.10 10.2 2.24 12.08 7.0 JPMorgan declined to comment.
This differs from special dividends, are right about an energy supercycle Devon Energy / DVN 49.90 153.2 5.39 9.3 0.44 2.92 6.7 Corporate executives in general
which are one-off events sometimes this decade, it could be a good 10 years may be loath to scale back stock buy-
related to the sale of a business. for dividends. Newmont / NEM 61.52 -1.6 3.10 19.9 1.00 1.20 3.6 backs because of what it could signal
Derivatives are not suitable for all investors and involve the risk of losing more than the amount originally deposited and profit you might have
Variable dividends are playing well Outside of energy, Newmont ConocoPhillips / COP 84.40 78.0 7.93 10.6 1.84 0.80 3.1 about their share prices. Variable divi- made. This communication is not a recommendation or offer to buy, sell or retain any specific investment or service. Copyright ©2021 CME Group Inc.
with investors. They have put a pre- (NEM), the top gold miner, has a simi- dends, nonetheless, are likely to catch All rights reserved.
mium valuation on Devon Energy lar dividend approach and now yields Freeport-McMoRan / FCX 45.15 45.7 3.54 12.7 0.30 0.30 1.3 on and provide investors more oppor-
(ticker: DVN) and Pioneer Natural close to 4% between its base and vari- E=estimate. *Annualized. Sources: Bloomberg; company reports tunities for income. B
18 BARRON’S January 17, 2022

BARRON’S REPORT CARD 2021

Barron’s Stock Picks


or fewer, and we don’t include stocks the initial public offering of Robin-
mentioned in columns like the Trader hood Markets (HOOD)—now trading
or Streetwise. at less than half the price of the IPO—
Some of our larger sector calls are was not included because it ran before
also not included. For instance, the the official price of the offering was

Trailed the Market in 2021


exchange-traded funds mentioned in announced.
a bullish Barron’s cover story at the Each stock in the score card is
end of January 2021 on commodities tracked against a benchmark index
are not part of the score card, despite based on its size: either the S&P 500,
their strong performance throughout the S&P MidCap 400, or the Russell
the year. And our warning to avoid 2000. Writers sometimes follow up
We had winners in Hertz, Pfizer, and Cameco, among others. Overall, however, both
bullish and bearish bets fell short. And who could have foreseen meme-stock mania?
BARRON’S STOCK PICKS
Pub Pre-Story 12/31/21 Total Benchmark
Company / Ticker Date Price Price Return Return

By AVI SALZMAN Barron’s had a mediocre year when it Hertz Global Holdings / HTZ 1 6/28 $7.15 $14.08 96.9% -3.3%

B
came to stock-picking. Stocks that we Cameco / CCJ 2/1 12.42 21.81 76.0 22.9
arron’s 2021 stock-picking expected to rise returned 5.1% from Pfizer / PFE 3/15 34.94 59.05 73.8 22.2
record took a big hit early the date of publication through the BULLISH Lowe’s / LOW 3/5 153.77 258.48 69.9 27.9
on, thanks to the meme- end of the year, compared with an PICKS: 160 MeiraGTx Holdings / MGTX 10/18 14.28 23.74 66.2 -0.7
stock craze. And even with 8.4% return for the benchmark Toll Brothers / TOL 1/18 44.62 72.39 63.7 18.7
LKQ / LKQ 1/22 37.61 60.03 60.3 25.3
some savvy picks later in indexes they were tracked against.
Freeport-McMoRan / FCX 2/1 26.91 41.73 56.0 30.0
the year, we failed to beat And the stocks that we warned
Exelon / EXC 3/1 38.60 57.76 54.7 26.5
our benchmarks. investors could underperform rose
Moderna / MRNA 4/23 168.10 253.98 51.1 16.4
On Jan. 8, Barron’s warned inves- more than the market on average.
Fluor / FLR 2/19 16.48 24.77 50.3 2.1
tors about the sky-high valuation of a See the nearby table for all of the picks. Welbilt / WBT 3/28 16.15 23.77 47.2 1.8
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

videogame retailer whose sales had Barron’s tracks its stock picks Oracle / ORCL 2/22 61.13 87.21 44.3 23.5
stagnated, and predicted that the every year to gauge how well they Affirm Holdings / AFRM 4/9 69.81 100.56 44.0 17.5
stock would fall. The stock was fared and to hold ourselves account- Walker & Dunlop / WD 3/15 106.30 150.88 43.9 -3.8
GameStop (ticker: GME). able to readers. We review articles Evoqua Water Technogies / AQUA 7/26 32.80 46.75 42.5 2.1
Even taking that call out of the mix, where authors chose three stocks Hilton Worldwide Holdings / HLT 2/8 111.67 155.99 39.7 24.2
O’Reilly Automotive / ORLY 4/15 517.69 706.23 36.4 16.7
Hostess Brands / TWNK 4/26 15.07 20.42 35.5 -0.5
Anglo American / NGLOY 2/1 16.51 20.58 35.4 30.0
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Wyndham Hotels & Resorts / WH 7/23 69.43 89.65 30.1 7.9


AbbVie / ABBV 3/15 108.22 135.40 29.6 22.2
NextEra Energy / NEE 3/1 73.48 93.36 28.9 26.5
Spectrum Brands Holdings / SPB 8/9 80.06 101.72 28.2 0.3
Seagate Technology Holdings / STX 5/10 91.56 112.98 26.2 13.6
XPO Logistics / XPO 4/22 133.57 168.26 2 25.8 5.7
Duckhorn Portfolio / NAPA 5/24 18.66 23.34 25.1 2.0
H&R Block / HRB 3/25 19.82 23.56 22.9 14.1
Academy Sports and Outdoors / ASO 7/19 35.75 43.90 22.8 4.3
Kinaxis / KXS.Canada 3 6/14 C$141.64 C$177.33 20.4 -3.3
e.l.f. Beauty / ELF 3/22 $27.67 $33.21 20.0 -1.1
Dominion Energy / D 3/1 68.32 78.56 19.0 26.5
Lennar / LEN 6/21 98.17 116.16 18.9 15.2
MGM Growth Properties / MGP 6/4 35.76 40.85 18.9 5.5
Johnson Controls International / JCI 7/2 69.01 81.31 18.8 11.7
Vintage Wine Estates / VWE 4 5/24 10.08 11.82 17.3 2.0
UMH Properties / UMH 12/6 23.36 27.33 17.0 4.1
J.B. Hunt Transport Services / JBHT 8/16 175.61 204.40 16.6 7.2
Microsoft / MSFT 8/6 289.52 336.32 16.6 8.2
Chart Industries / GTLS 6/28 138.04 159.49 15.5 -3.3
GlaxoSmithKline / GSK 7/29 39.50 44.10 14.5 9.0
IBM / IBM 11/26 116.73 133.66 14.5 1.5

Illustration by Glenn Harvey


Applied Materials / AMAT 5/31 138.13 157.36 14.3 14.3
SVB Financial / SIVB 6/7 596.06 678.24 13.8 13.5
Mondelez International / MDLZ 4/26 59.51 66.31 13.3 15.1
Jefferies Financial Group / JEF 8/23 34.47 38.80 13.2 6.7
Hannon Armstrong SI Capital / HASI 5/10 47.99 53.12 12.9 -0.5
Meta Platforms / FB 4/5 298.66 336.35 12.7 19.8
Glencore / GLNCY 9/20 9.01 10.08 11.9 7.9
January 17, 2022 BARRON’S 19

STOCK PICKS

Pub Pre-Story 12/31/21 Total Benchmark Pub Pre-Story 12/31/21 Total Benchmark
Company / Ticker Date Price Price Return Return Company / Ticker Date Price Price Return Return

Stelco Holdings / STZHF 10/4 $29.38 $32.59 11.7% 0.4% SAP / SAP 7/16 $147.69 $140.11 -5.1% 10.0%
Scotts Miracle-Gro / SMG 9/27 144.85 161.00 11.6 5.7 Perrigo / PRGO 4/26 41.83 38.9 -5.4 4.4
Lam Research / LRCX 5/31 649.85 719.15 11.4 14.3 Realogy Holdings / RLGY 5/17 17.86 16.81 -5.9 1.6
Bank of America / BAC 5/3 40.53 44.49 11.3 15.1 Citigroup / C 3/1 65.88 60.39 -6.3 26.5
Taylor Morrison Home / TMHC 9/6 27.83 30.84 10.8 -1.7 Atlas Technical Consultants / ATCX 8/2 8.99 8.42 -6.3 1.3
Fortress Transportation / FTAI 12/20 26.23 28.92 10.3 3.3 Hudson Pacific Properties / HPP 8/6 26.97 24.71 -6.5 5.6
Dell Technologies / DELL 5 10/18 51.00 56.17 10.1 6.9 PTC / PTC 6/4 129.58 121.15 -6.5 14.5
Meritor / MTOR 10/4 22.56 24.78 9.8 0.4 Opendoor Technologies / OPEN 12/9 15.69 14.61 -6.9 1.0
Berry Global Group / BERY 8/26 67.32 73.78 9.6 4.2 Hologic / HOLX 2/15 82.98 76.56 -7.7 22.6
Royal Dutch Shell / RDS.B 8/9 40.54 43.35 9.3 8.0 MSG Sports / MSGS 11/1 189.51 173.73 -8.3 -2.0
Host Hotels & Resorts / HST 7/23 15.91 17.39 9.3 9.8 Sonos / SONO 11/1 32.62 29.80 -8.6 -2.0
Johnson & Johnson / JNJ 3/15 159.60 171.07 9.2 22.2 Li-Cycle Holdings / LICY 9/27 10.95 9.96 -9.0 0.2
PulteGroup / PHM 12/3 52.49 57.16 9.2 4.2 Plantronics / POLY 8/30 32.23 29.34 -9.0 -1.0
Aptiv / APTV 6/18 151.36 164.95 9.0 13.7 II-VI / IIVI 4/12 76.21 68.33 -10.3 7.4
BHP Group / BHP 9/20 55.54 60.35 8.7 7.9 Grupo Mexico / GMBXF 5/10 5.16 4.36 -10.6 13.6
Steel Dynamics / STLD 10/4 58.29 62.07 6.9 6.2 Porsche Automobil Holding / POAHY 7/5 10.84 9.39 -11.3 10.2
Rocket Lab USA / RKLB 4 3/22 11.60 12.28 5.9 9.8 Ryanair Holdings / RYA.Ireland 3 7/5 €16.53 €15.25 -11.3 10.2
Booz Allen Hamilton Holding / BAH 8/16 80.58 84.79 5.7 4.6 Stem / STEM 8/23 $21.43 $18.97 -11.5 4.0
Mayville Engineering / MEC 9/13 13.92 14.71 5.7 1.1 General Electric / GE 11/12 107.00 94.47 -11.6 2.7
Vertex Pharmaceuticals / VRTX 3/5 207.79 219.60 5.7 27.9 Altra Industrial Motion / AIMC 5/3 59.01 51.57 -12.2 -0.2
Ranpak Holdings / PACK 12/27 35.54 37.58 5.7 0.2 Blade Air Mobility / BLDE 11/8 10.10 8.83 -12.6 -7.7
Pinnacle Financial Partners / PNFP 6/7 90.89 95.50 5.5 4.9 AMC Networks / AMCX 11/1 39.79 34.44 -13.4 -2.0
MGM Resorts International / MGM 6/4 42.55 44.88 5.5 14.5 First Quantum Minerals / FQVLF 5/10 27.81 24.00 -13.7 13.6
MGIC Investment / MTG 6/24 13.87 14.42 5.1 6.9 Calumet Specialty Products / CLMT 12/3 15.29 13.20 -13.7 1.9
KKR Real Estate Finance Trust / KREF 5/14 21.07 20.83 5.0 4.1 Gray Television / GTN 10/11 23.62 20.16 -14.3 0.8
PNC Financial Services Group / PNC 6/7 194.00 200.52 4.7 13.5 Splunk / SPLK 3/22 135.04 115.72 -14.3 23.1
Chesapeake Energy / CHK 10/25 62.07 64.52 4.7 1.9 AT&T / T 5/24 30.01 24.60 -14.9 15.6
EQT / EQT 5/31 20.88 21.81 4.5 5.0 Wizz Air Holdings / WIZZ.UK 3 7/5 4825 P 4188 P -14.9 10.2
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

Darling Ingredients / DAR 12/3 66.49 69.29 4.2 4.0 Regenxbio / RGNX 11/5 $38.56 $32.70 -15.2 -6.3
Neste / NTOIY 12/3 23.60 24.50 3.8 4.2 Boeing / BA 8/13 238.18 201.32 -15.5 7.4
Progressive / PGR 5/3 100.74 102.65 3.6 15.1 NCR / NCR 7/5 47.59 40.20 -15.5 10.2
Gentherm / THRM 11/29 83.94 86.90 3.5 0.1 MillerKnoll / MLKN 6 5/31 47.80 39.19 -17.3 -0.5
Meritage Homes / MTH 12/3 118.04 122.06 3.4 1.9 Walt Disney / DIS 4/19 187.26 154.89 -17.3 15.0
Corning / GLW 2/15 36.88 37.23 3.4 22.6 Sibanye Stillwater / SBSW 2/8 16.85 12.54 -17.5 24.2
Lockheed Martin / LMT 3/22 355.07 355.41 2.4 23.1 Offerpad Solutions / OPAD 12/9 8.01 6.40 -20.1 -1.1
Nintendo / NTDOY 12/3 57.00 58.37 2.4 4.2 Power & Digital Infra. Acq / XPDI 11/19 13.83 10.95 -20.8 -1.3
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Casey’s General Stores / CASY 2/8 194.02 197.35 2.2 16.1 Mytheresa / MYTE 3/8 27.19 21.21 -21.9 3.3
Blackstone Mortgage Trust / BXMT 5/14 31.80 30.62 2.1 7.1 Int’l Consolidated Airlines / IAG.UK 3 7/5 180.12 P 142.48 P -22.4 10.2
Twitter / TWTR 12/3 42.65 43.22 1.3 4.2 TripAdvisor / TRIP 7/26 $36.26 $27.26 -24.8 7.0
Prudential Financial / PRU 10/7 107.97 108.24 1.3 9.6 Green Thumb Industries / GTBIF 4/30 29.80 22.17 -25.6 3.8
Six Flags Entertainment / SIX 6/21 42.55 42.58 0.1 9.5 Coinbase Global / COIN 4/19 342.00 252.37 -26.2 15.0
MSG Entertainment / MSGE 11/1 70.47 70.34 -0.2 -2.0 Nordstrom / JWN 1/4 31.21 22.62 -27.5 24.7
Essent Group / ESNT 6/24 46.07 45.53 -0.3 -2.0 Tenaya Therapeutics / TNYA 11/5 26.37 18.95 -28.1 -6.3
Alleghany / Y 11/8 673.05 667.59 -0.8 1.7 Verve Therapeutics / VERV 11/5 54.49 36.87 -32.3 -6.3
Starbucks / SBUX 8/6 119.03 116.97 -0.9 8.2 Curaleaf Holdings / CURLF 4/30 13.31 9.00 -32.4 3.8
LCI Industries / LCII 11/22 156.91 155.87 -0.9 -4.0 Riot Blockchain / RIOT 11/19 33.63 22.33 -33.6 -4.9
VICI Properties / VICI 6/4 31.74 30.11 -1.8 14.5 Trulieve Cannabis / TCNNF 4/30 39.35 26.01 -33.9 3.8
Travel + Leisure / TNL 7/23 56.97 55.27 -1.8 7.9 Staar Surgical / STAA 8/16 139.24 91.30 -34.4 4.6
General Motors / GM 6/18 60.08 58.63 -2.4 13.7 Brinker International / EAT 6/4 55.86 36.59 -34.5 -0.9
Ross Stores / ROST 2/26 118.77 114.28 -2.8 25.9 Marathon Digital Holdings / MARA 11/19 51.46 32.86 -36.1 -1.3
Whirlpool / WHR 5/17 246.72 234.66 -3.1 15.2 Guardant Health / GH 4/8 158.03 100.02 -36.7 18.0
Sportradar Holding / SRAD 12/13 18.23 17.57 -3.6 1.6 PetIQ / PETQ 4/19 37.00 22.71 -38.6 -0.1
Barrick Gold / GOLD 4/5 20.37 19.00 -3.6 19.8 Exact Sciences / EXAS 4/8 129.18 77.83 -39.8 18.0
Malibu Boats / MBUU 7/12 71.45 68.73 -3.8 -1.0 WW International / WW 4/2 31.80 16.13 -49.3 8.3
NMI Holdings / NMIH 6/24 22.90 21.85 -4.6 -2.0 Amyris / AMRS 7/19 13.06 5.41 -58.6 4.3
Illumina / ILMN 4/8 400.55 380.44 -5.0 18.0 AVERAGE: 5.1% 8.4%
1
Barron’s recommended HTZGQ on June 28. 12/31 price represents the value of cash, stock, and warrants an investor would have received from one share of HTZGQ. 2 12/31 price represents one share of XPO and one share of GXO, which
was spun out of XPO on July 22. 3 Prices in local currency. Returns in USD. 4 Barron’s recommended the SPAC shares before the merger was completed. 5 DELL pre-story price represents “core” Dell only and excludes the 81% of VMware
that was spun off on Nov. 1. 6 Changed name and ticker from Herman Miller (MLHR) in second half of 2021.

Pub Pre-Story 12/31/21 Total Benchmark Pub Pre-Story 12/31/21 Total Benchmark
Company / Ticker Date Price Price Return Return Company / Ticker Date Price Price Return Return

BEARISH Genius Sports / GENI 7/5 $19.32 $7.60 -60.7% -5.0% Planet Fitness / PLNT 5/27 $80.24 $90.58 12.9% -2.5%
CALLS: 4 Carnival / CCL 4/12 29.30 20.12 -31.3 16.6 GameStop / GME 1/11 17.69 148.39 738.8 8.4
AVERAGE: 164.9% 4.4%
20 BARRON’S January 17, 2022

BARRON’S REPORT CARD 2021

with articles about their stocks. If could transform the process of creat-
their opinion on the stock changes, the ing industrial materials. The early
gain or loss since publication is locked years are likely to be volatile, however,
in on that date. and the stocks clearly won’t move in a
Until last year, we were on a two- straight line.
year winning streak with our bullish WW International (WW),

Uncover
picks. But 2021 proved trickier—and another bullish pick, also fell. The
not just because of meme stocks. weight-loss pioneer formerly known
While many of the 164 stocks we as Weight Watchers has had trouble
picked during the year outperformed adding members, losing some of the

hidden
the market, our overall performance momentum that its digital product
lagged. had built up at the height of the pan-
For the most part, Barron’s biggest demic. One part of the bullish thesis
winners and losers in 2021 were was that the back-to-work routine
smaller stocks. One exception was would inspire people to get in better

investment Pfizer (PFE), which we picked in


March as the company’s vaccine was
being rolled out around the world. It
shape—but successive waves of the
pandemic have put off the return to
the office for many people.
returned 74% through the end of the

gems
W
year. Another large-cap winner, e ran only four bearish picks
Lowe’s (LOW), returned 70%. in 2021. That in itself may
Our best bullish call of the year was have been a smart move—
on rental car company Hertz Global it was another strong year
Holdings (HTZ). When the article for markets, and people who shorted
Explore our Stock Picks hub came out in June, it was about to exit stocks often lost out. One stock that
bankruptcy. We noted that Hertz surprised Barron’s, and almost every-
for expert investing ideas, would emerge with no debt and strong one else, was GameStop.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

prospects, given the surging rates for The company had been reporting
stock picks, and concrete rental cars at the time. diminishing profits and closing stores
At the time, investors were hesitant for years, and did not seem to have a
advice on how to navigate the about buying in, because much of the coherent plan to deal with the rise of
value would be issued through war- digital game downloads. It had risen
market. It’s your one-stop shop rants. Those who did so, however, sharply in the second half of 2020
ended up being rewarded with a re- on hopes that the company could re-
for all things stock picking — turn of nearly 100% through the end bound, but there seemed to be little
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

of the year. behind the move. As of early January,


bookmark it to keep tabs on Another successful pick was Cam- shares looked expensive absent some
eco (CCJ), a uranium miner that bene- more substantive change.
the next opportunity. fited as uranium prices rose through- Days after our article ran, Chewy
out the year. It may also have been co-founder Ryan Cohen and two other
helped by traders who gathered on former executives joined the board.
FIND OUT MORE message boards to try to cause a short And within weeks, the short squeeze
squeeze. to end all short squeezes caused
BARRONS.COM/STOCKPICKS Among the stocks that struggled shares to rise more than tenfold.
were some cryptocurrency-related Who knew that an obscure video-
names. While crypto started the year game retailer would spark the next
in very strong shape, it eventually investing revolution? Certainly not us.
fizzled out. Bitcoin miners like Riot Some of our other bearish calls
Blockchain (RIOT) and crypto ex- saved investors money, however.
change Coinbase Global (COIN) London-based Genius Sports
struggled through the end of the year (GENI), for instance, fell 60% after
as crypto prices fell. Tougher regula- we warned investors that its plan to
tion and a selloff in some riskier make money off an expansion in on-
assets hurt the industry. line gambling might not play out as
Other calls that didn’t pan out in- expected, and that its valuation of as
cluded Amyris (AMRS), a pioneer in much as 20 times revenue didn’t take
the still nascent industry of synthetic that into account.
biology. The article noted that the sci- Genius has been hoping to sign
ence behind synthetic biology—which deals with sports leagues to gather
involves reprogramming the genetic data that are then sent to bookmak-
material of microorganisms—is very ers. But the field is competitive, and
© 2022 Dow Jones & Company, Inc. All rights reserved. 4E5288 new and could take a while to play the stock hasn’t kept up with its rich
out. Eventually, synthetic biology valuation. B
January 17, 2022 BARRON’S 21
S I Z I N G U P S M A LL- CA P S

Finding Good Help—


There are more than 500 available boxes: a large total addressable mar-
services, including plumbing, land- ket, low online penetration, and lead-
scaping, painting, roofing, remodeling, ing market share,” says Carpenter,
housecleaning, and pest control. Con- who rates Angi stock at the equivalent
tractors get the benefit of guaranteed of Buy.

And a Cheap Stock jobs at fixed rates, with Angi handling


bill collections. Meanwhile, home-
owners can easily book appointments
via the web or mobile app.
If it sounds like calling a car via
So far, investors aren’t paying at-
tention. Angi stock trades for just 1.8
times the $2.29 billion in revenue that
Wall Street expects the company to
generate in 2023. That compares with
Uber or booking a vacation house on Angi’s five-year average of more than
After years of selling internet ads, Angi is going further to connect Airbnb, that’s part of the plan. five times year-ahead revenue. Lead-
homeowners with contractors. Call it the Uber of plumbing and electrical. “It’s hard to own a home,” says ing online marketplaces like Airbnb
Angi CEO Oisin Hanrahan. “We want (ABNB), Etsy (ETSY), and Uber
to serve every need a homeowner has Technologies (UBER) fetch an aver-
and take some of that stress away, age multiple of 6.1.
while changing the economics” for Some of Angi’s discount is justified,
home-services providers. given its slower projected growth than
While still small, the Angi Services peers. The company is targeting 15%
segment is already showing impres- to 20% annual growth in the coming
sive growth, with revenue up 160% years.
year over year in the third quarter, to Large profits aren’t imminent, either.
$117 million. The ongoing rebrand to Angi requires
There’s significant upside from heavy investment spending, as does
there. Americans spend nearly $600 building out Angi Services in more
billion annually on home services. categories and geographies. Angi is
Less than 20% of those jobs begin projected to lose $66 million in 2023,
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

online, a figure that should quickly before turning profitable on a net in-
increase as a new digitally native gen- come basis in 2024. Hanrahan says he’s
eration enters the housing market. comfortable with operating the busi-
ness at break-even for several years,

W
all Street analysts expect prioritizing long-term growth over
Angi to report 2021 revenue near-term profits. The good news is
of $1.68 billion, up a modest that Angi has little debt and generates
15% from the prior year. positive cash flow, meaning it should be
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

That should accelerate as Angi Ser- able to self-finance that growth.


vices becomes more dominant and the IAC/InterActiveCorp (IAC), the
legacy business returns to growth. Barry Diller–controlled technology
J.P. Morgan analyst Cory Carpenter start-up holding company, owns some
expects Angi Services to make up more 85% of Angi shares.
than 40% of the company’s total reve- “We see a really great opportunity
By NICHOLAS JASINSKI Revenue for Angi’s ads and leads nue by 2025. He sees it growing more to build this business into what could

T
business, which is about three-quarters than 50% in 2022, versus single-digit be an 800-pound gorilla in the home-
echnology has managed to of company revenue, was flat in the growth in the ads and leads business. services space,” says Lori Keith, port-
replace business trips, vis- latest quarter, even as demand for con- “For an investor, it checks a lot of folio manager of the $8.3 billion Par-
its to the gym, and in-per- tractors surged. The company’s stock is nassus Mid Cap fund (PARMX),
son shopping. But for any- down 33% over the past 12 months. But which is Angi’s largest non-IAC
one who has dealt with a Angi is working on a fix and—in a Angi shareholder. “You have to take a long-
leaky faucet or overgrown world of pricey internet stocks—the Online Marketplace for Home Services term view as they invest...to achieve
tree, the Covid era has stock now looks like a bargain. Headquarters: ANGI (Nasdaq) greater scale, and then see the [profit]
been another reminder: Good help is Angi, which stems from the 2017 Denver $20.0 margin inflection down the road.”
hard to find. merger of Angie’s List and HomeAdvi- Recent Price: $8.21 17.5
Angi doesn’t need an Airbnb-like
Angi (ticker: ANGI) has spent the sor, has begun to take a more active 52-Wk Change: -32.8%
multiple to deliver significant returns.
past 25 years trying to solve the prob- role in the relationship between home- 15.0 Carpenter uses an undemanding
Market Value (bil): $4.1
lem. For most of that time, the com- owners and contractors. While the 12.5 sales multiple of three times to come up

Illustration by Federico Gastaldi


pany used internet ads to match company historically left the scene 2022E Sales (bil): $2.0 with a price target of $13 on Angi
10.0
homeowners with prescreened after making an introduction, its new 2022E Net shares, 58% upside from a recent $8.21.
plumbers, carpenters, and landscap- Angi Services segment serves as a Income (mil): -$96 7.5 Like countless other areas of the
ers. It was a decent business, but the soup-to-nuts marketplace. All commu- 2022E EPS: -$0.24 5.0 21st-century economy, booking home
model stalled during the pandemic. nication, scheduling, and billing be- services will increasingly move online.
2022E P/E: N/A 2.5
Overworked contractors, faced with tween homeowner and contractor take With Angi, investors will have to be
overwhelming demand, have had little place via Angi’s platform. Angi gets an Dividend Yield: None 2020 ’21 ’22 patient. But they now have an oppor-
need to pay for advertising. undisclosed percentage of each job. E=estimate, N/A=not applicable Source: FactSet tunity to get in on the ground floor. B
22 BARRON’S January 17, 2022 January 17, 2022 BARRON’S 23

THE 2022 ROUNDTABLE

}We are at the start


of a multiyear
period, if not a TIME TO
BUCKLE UP
decade, in which
the markets will
have to learn to
reprice risk.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

Sonal Desai
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Goodbye, punch bowl. We’re going to miss you. As the Federal Reserve prepares to drain liquidity
from the financial system to cool the inflation that its policies partially stoked, Wall Street’s
pandemic-era party appears to be ending. Stocks, bonds, crypto, you name it—almost every
asset class has hit a rough patch since 2022 dawned, and things could get worse before they begin
to get better. That’s the consensus of the 10 investors on the Barron’s Roundtable, which met this
year on Jan. 10, on Zoom. The group looks for inflation to rage and stocks to stumble in the first
half of 2022, as the Fed begins to raise interest rates, although the year’s second half could bring
more stability and positive returns. Their forecasts for the S&P 500 index range from a double-
digit loss for the year to a gain of 8% or so, plus dividends, with most panelists in the middle.

S T O R Y B Y L A U R E N R. R U B L I N
Photograph by MARY BETH KOETH
24 BARRON’S January 17, 2022 January 17, 2022 BARRON’S 25

Here’s another prediction: 2022 will bode well for the market.
We’ll discuss equity valuations 2022 Roundtable
system. We are at the start of a multi-
year period, if not a decade, in which

}
later, but I’ll note that operating profit the markets will have to learn to re-
bring “the revenge of the investment margins peaked in the second and
third quarters of last year at a little Panelists price risk, because the consequence
of a decade’s worth of extremely easy
nerds,” as one of our panelists put it, and over 13%. That is probably as good as
it’s going to get because of wage infla- Todd Ahlsten
central-bank policy has been the dis-
tortion of prices and the mispricing of

the other nine readily agreed. In other tion and supply-chain disruptions.
Sonal Desai: Echoing Scott’s com-
CIO and lead portfolio manager,
Parnassus Core Equity fund
risk. The coming period is going to be
a difficult one. I anticipate a rocky
ments, I want to make six points. multiyear adjustment period resulting
words, momentum investing is out with Only six?
Parnassus Investments
San Francisco
from the combination of high valua-
tions and the unwinding of central
The asset class
the punch bowl. Making money will Desai: I’ll start with six. At the start of
last year, I expected a vaccine-induced Rupal J. Bhansali
banks’ easy money that has distorted
risk assessment and capital allocation
today with the most
economic boom. While the vaccine CIO and portfolio manager
require instead the sort of deep rollout was as fast as could have been
expected, vaccines weren’t as game-
International & Global Equities
in markets for over a decade.
attractive risk/
Ariel Investments Good points, Sonal. Now, do we
research into company fundamentals changing as we would have liked. That,
combined with some of the subsidies
New York have an optimist in the crowd?
Todd Ahlsten: I’ll take some of that reward profile is
that our panelists favor, plus the included in the $1.9 trillion of fiscal
spending at the start of last year, pro-
Scott Black
Founder and president
side. There has been an obsession
with the distortions caused by the size leveraged loans.
duced a sharper labor shortage than of the Fed’s balance sheet and negative
bargain-hunting instincts they possess. we expected. Second, I was far too san-
guine about supply-chain problems. I
Delphi Management
Boston
real interest rates. Nine trillion dollars
of central-bank balance-sheet growth David Giroux
thought they would pass. Now I am on and $5 trillion or $6 trillion of fiscal
This week’s Roundtable install- Corporate profits, as defined by S&P the pessimistic side regarding how long Abby Joseph Cohen stimulus has really boosted GDP
ment, the first of three, features our 500 companies, will be up 9%. The big these issues will last. Third, the infla- Professor of Business growth over the past year or so. I see
panelists’ economic outlooks and mar- problem I see is that the Federal Re- tion dynamics are different today. Mon- Graduate School of Business a big shift coming in the investment
ket views. It also includes the invest- serve has been way behind the curve etary policy remains very loose and Columbia University narrative from a focus on the central
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ment picks of Todd Ahlsten, chief in dealing with inflation. Former Fed will stay so for a while. On the demand bank’s balance sheet to a focus on
New York
investment officer of Parnassus In- Chairman Ben Bernanke did a good job side, households are sitting on nearly companies’ intrinsic value. Cash
vestments, in San Francisco, and lead of supporting the economy during the $3 trillion of savings. At the same time, flows, business fundamentals, and
portfolio manager of the Parnassus financial crisis of 2008-09. Jerome the supply side is constrained. Inflation
Sonal Desai valuation considerations will be a
Core Equity fund [ticker: PRBLX], Powell, the current Fed chairman, did could have more staying power. I see CIO and portfolio manager greater driver of returns in 2022 as the
and Sonal Desai, chief investment a good job two years ago in responding inflation trailing off in the second half Franklin Templeton Fixed Income Fed potentially contracts the balance
officer and portfolio manager at to the Covid pandemic and economic of the year, but overall it is going to San Mateo, Calif. sheet. For investors, this year could Photograph by STEPHEN VOSS
Franklin Templeton Fixed Income, shutdowns. But inflation is now run- surprise on the upside. look like 2018.
Henry Ellenbogen
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

in San Mateo, Calif. Todd is an exu- ning close to 7%, the highest it has Fourth, as Scott suggested, we have
berant champion of “great American been since the early 1980s. The Fed’s regime change at central banks. For CIO and managing partner Remind us what 2018 looked like. 707s because we were in a recession. slow later this year. mind that the CPI last year was also
companies’’ with wide moats, lengthy failure to control it is going to have a more than a decade, they favored the Ahlsten: We could see a quick 20% We look for the fed-funds rate to boosted by the sharp rise in energy
Durable Capital Partners
growth runways, and admirable envi- deleterious effect on the market. markets over the economy. They could drawdown in stock prices. There is a top out around 2% in the current cy- Abby has raised her Zoom hand. prices. With crude oil already having
ronmental, social, and governance, or At the time of the financial crisis, do so because we had low-ish stable Chevy Chase, Md.
lot of fear in the market. But once we cle, which is still incredibly positive That’s very polite! Please join the reached about $80 a barrel, prices
ESG, characteristics. Sonal illustrates the Fed’s balance sheet was about growth and very low inflation. Now get through that kind of drop, inflation for intrinsic-value investing and com- conversation. aren’t going to rise to that same extent
once again how to find income in an $850 billion. Today, it is $8.8 trillion. we’re going to see the opposite, and the Mario Gabelli will probably begin to moderate, and panies seeking a return on capital. We Abby Joseph Cohen: Todd and I this year.
arena that today offers little. The national debt has surged to $29 markets aren’t prepared. The bond Chairman and CEO the business environment will remain expect GDP to grow by 2.5% to 3% agree on many topics, but I’d like to The labor market also merits atten-
David Giroux, chief investment offi- trillion, and the debt-to-GDP ratio is market is pricing in maybe 150 basis Gamco Investors quite prosperous. Stock prices could this year. Growth will be slowed by back up the conversation to talk more tion. The only comparable period I
cer of T. Rowe Price Investment Man- close to 1.3 times, both all-time highs. points [1.5 percentage points] of rate Greenwich, Conn. recover by year end. There is an amaz- Fed tapering. Inflation will stay stub- about the economy. I’m a data nerd. can find in which economic data were
agement, and manager of the T. Rowe The Fed was reluctant to raise interest hikes over a two-year period. That isn’t ing amount of innovation in this econ- bornly high; it might end the year Many of today’s headlines, but not as prone to ongoing and significant
Price Capital Appreciation fund rates sooner because it feared killing consistent with the inflation outlook or David Giroux omy to invest behind, which people around 3%, which is a bit above trend, those in Barron’s, are just wrong. They revisions is the 1990s. The data we get
[PRWCX] joins the Roundtable this economic growth. Also, higher rates the Fed’s own dot plot. seemed to have forgotten about in the and get back on trend in 2023. S&P take an overly simplistic view of what from the government are based on
CIO, T. Rowe Price Investment
year. His words, and everyone’s, are raise the interest expense on the na- Management and portfolio manager, past two weeks. There’s autonomous earnings could rise by 8% to 14% and is happening. The inflation data, for sampling techniques. Almost by defi-
worth savoring. You’ll find them in the tional debt. Every one-percentage- And points five and six? Capital Appreciation fund driving, artificial intelligence, the Inter- the market’s price/earnings multiple one, overstate what’s going on. I recog- nition, the companies sampled are the
edited transcript below. point increase in rates adds about Desai: My fifth point is that China is net of Things, edge computing, preci- could contract a bit, but the S&P could nize that there has been an increase ones that were important when the
T. Rowe Price, Baltimore
$290 billion of federal interest ex- going to be a source of volatility. Any sion agricultural innovation, and ge- still have a positive year. in core inflation, and that wages are survey was constructed and not nec-
Barron’s: Last year was a rough one pense, so the Fed had an incentive thought that the Biden administration nomics, to name just a few. We’ve got Remember that the stocks with rising. But we have to recognize that essarily the most important or fastest-
for humanity and a great one for to cap rates at today’s very low level. would dramatically reduce tensions William Priest to make sure we’re focused on that. some of the biggest weights in the much of the increase in measures like growing now. If the economy is under-
the markets—much better, in fact, Given the current rate of inflation, the with China was unrealistic. Further- Executive chairman and co-CIO Wall Street is fixated on the Fed. Entre- index—Apple [AAPL], Facebook the government’s consumer price index going structural change, as it did in
than anyone here predicted. This 10-year Treasury theoretically should more, China’s zero Covid policy Epoch Investment Partners preneurs view things differently. They [now Meta Platforms, FB], Alphabet comes from factors that are one-time the 1990s, and the sample doesn’t
year, the markets are off to a less yield closer to 3.5%-4%, not 1.8%. means we are potentially going to New York say, “If I can’t make money with all this [GOOGL], Amazon.com [AMZN], events. There has been a huge increase, keep up, mismeasurements will occur.
auspicious start. Scott, what lies That would add $580 billion of inter- get unpredictable starts and stops in liquidity and a federal funds rate at 1%, Microsoft [MSFT]—are just incredi- for example, in the price of used cars. In the 1990s, this led to a dramatic
ahead for the U.S. economy and est costs to the budget, and the coun- supply-chain dynamics. Meryl Witmer I should go out of business.” As I’ve ble businesses. This is a great time Well, families don’t buy cars every undercounting of GDP. And today,
investors? try would have no money left for My last point is that we have had told you before, my dad was a pilot at not to overlook innovation, because year. There has also been an increase in it means that the companies in the
General partner
Scott Black: Real gross domestic discretionary spending. So, the more than a decade of low market TWA. He got laid off in 1980 when the you will miss it and buy it too late. I home prices, but homes are not recur- establishment survey may not be
product should grow on the order of underpinnings of the economy are volatility, largely because of the large Eagle Capital Partners
fed-funds rate was pushing 20% and am leery of falling into the value trade ring purchases. We are going to see those creating the strongest jobs
3.8% to 4%. That’s a good backdrop. pretty good, but high inflation doesn’t amount of liquidity in the financial New York the airline parked a fleet of Boeing just when the economy might start to inflation data come down. Keep in growth. This would help to explain
26 BARRON’S January 17, 2022 January 17, 2022 BARRON’S 27

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the wide gulf we’ve been seeing be- growth, relative to 2019 earnings. Fi- Without it, capital markets will come carried away with recency bias. The to address domestic political issues,
tween the establishment and house- nally, GDP growth this year probably under a lot more repression. inflation numbers are running hot, but in many parts of the world either
hold employment surveys. The estab- will be slightly above trend. But once and there is a feeling that inflation will vaccines aren’t available or distribu-
lishment survey suggests that people we get into 2023, a lot of the fiscal stim- What do you see on the opportu- persist. But what if disinflation re- tion channels don’t exist. If we don’t
aren’t coming into the labor force as ulus put into the economy will have nity side? turns? Could it be that inflation has do a better job of getting people vacci-
rapidly as indicated by the household been spent or invested, and we expect Priest: The supply-chain disruptions persisted because Covid has per- nated around the world, ongoing vari-
survey. The establishment survey has This is a GDP growth to be back to, or even be- are largely temporary. With regard to sisted? The San Francisco Fed pub- ants will afflict us.
been upwardly revised almost every low, trend. It is really hard to grow U.S. inflation, high prices cure high prices; lished a chart showing that Covid-
month during the past year. Also, some great time GDP faster than 2% in an environment people buy less, and eventually prices sensitive inflation is running at 5%, Henry, what do you make of this
of the jobs being reported in the house-
hold survey may be in nontraditional
not to where the working-age population is
essentially flat and projected to be flat
fall. And on Covid, the rapid spread of
the Omicron variant might help us get
but non-Covid-sensitive inflation is
around 2%, as it was prepandemic.
discussion—and the economic
outlook?
employment, such as freelance jobs.
We should examine the labor-force
overlook for the next decade.
William Priest: I like to do a SWOT
to herd immunity, but we don’t know
that yet. We’ve talked about the possi-
In future years, secular forces such
as debt, demographics, and digitization
Henry Ellenbogen: I’m always re-
minded, when I read the previous
participation rate, as well. Looking innovation, analysis, looking at strengths, weak- bility that the Fed will raise rates three could prove deflationary, which would year’s Roundtable, of just how hard it
at the aggregate participation rate nesses, opportunities, and threats. times this year; Goldman Sachs ex- be worse for markets than the current is to predict the future. Two years
doesn’t give you the right picture. because you On the threat side, where I focus a fair pects four rate hikes. The present- inflation. High debt levels mean we have ago, none of us predicted Covid. Last
Many baby boomers are leaving the amount of my time, I wonder whether value effect on future earnings is going borrowed from the future to consume year, no one predicted the levels of
job market after gains in their retire- will miss it politics are more important than we to be a negative. today. Unless debt levels continue to go inflation that we’re seeing now, al-
ment portfolios, and Covid has also think. Do our capital markets require This year, corporate earnings should up, demand levels will come down and
pushed people to re-evaluate their
and buy it democracy in order to function effec- be decent. But I worry when I look at reduce demand, which implies defla-
though some of us talked about the
risk of inflation. I agree with David
lives and quit. The more important
participation rate to look at is in the
too late. tively? Democracy to me is seriously
threatened, not just in this country,
the fundamental underpinnings of our
society; we don’t want to lose the sys-
tion. This is not theoretical; it played out
in practice in Japan, where no amount of
that inflation will moderate for a
bunch of reasons in the second half
core group of workers ages 25 to 54. Todd but around the world. The individ- tem that made us great, and I think it monetary or fiscal stimulus could pre- of the year. Specifically, the record
That cohort, provided by the Bureau ual’s right to vote is an essential ele- is under serious threat. vent deflation. Baby-boomer retirements amount of stimulus is going to come
of Labor Statistics, hasn’t shown the Ahlsten ment of this. Institutions have always Ahlsten: Capital goes where it is and workforce resignations also curb down. It’s important to realize that
same sort of ongoing deterioration. been important to the evolution of treated best, and we still have a really demand, leading to deflation. And the private enterprise was essentially
Now, let me give you some expecta- economic growth, but it was liberal good democracy in the U.S, despite the work-from-anywhere workforce, an competing with government stimulus
tions. I foresee a slowdown in GDP democracy and the scientific revolu- risks you see. Also, investor participa- outgrowth of Covid, can also be defla- for workers. Plus, rent moratoriums
growth this year. That’s not surprising tion that changed everything. If you tion in proxy voting, and awareness of tionary because it can lead to lower contributed to unemployment. Labor
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because the base went up substan- start to threaten the underpinnings of ESG issues, are exploding. These are wages. Since wage inflation is the most markets will slowly thaw this year, as
tially last year, and comparisons with our democracy, I’m not sure the capi- positives for capital flows and invest- persistent type of inflation, if it can be people work down their savings—
2020 were easy. In 2022, GDP growth tal markets can do well. I would also ment in innovation. deflated, it’s a big deal. built up from stimulus and enhanced
on the order of 3%, or perhaps a bit argue that CEOs and boards of direc- Rupal Bhansali: Politics affects mar- The wild card is climate change, unemployment—and rent and mort-
more, seems achievable. We are going tors are going to have to stand up, kets in the very long run, but let me which could prove inflationary. Com- gage relief get depleted.
to see changes in public policy: Fiscal along with others in the U.S., to sup- take this back to the topic of the day, bating it, through carbon taxes or Also, as a result of the pandemic,
policy won’t be as friendly as it was, port the fundamental right to vote. which is inflation. We shouldn’t get other mechanisms, could increase the there has been a significant change in
and others have mentioned the change cost of producing many things. Only how and where Americans want to
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

in monetary policy. The Fed will raise time will tell whether inflation or de- work. I discussed this at last year’s
the policy rate three or four times flation prevails. But we need to think Roundtable, and the past year has
during the course of the year. I don’t about different scenarios, and not bet confirmed it: We are on the move in
expect the entire yield curve to shift on a single scenario playing out. ways we haven’t been in many years.
upward as the Federal Reserve raises Cohen: I want to address three criti- People largely are moving to the

}
short-term rates. We will see smaller cal factors that will impact the econ- Southern and mountain states, and
increases in intermediate and long omy. No. 1, half of the 20 most costly Florida and Texas.
Treasury yields, and these are the climate-related events of the past 40
durations which influence the rates at years occurred in the past four years. What are the implications?
which businesses borrow. The policy This is a problem that is accelerating Ellenbogen: We are monetizing the
rate has been awfully low, close to and becoming much more expensive scale of America. As we move from
zero, and rates on intermediates and from an economic perspective, not to high-cost to low-cost locations, that
longs have already moved up. mention the human toll involved. unlocks productivity. In addition, as

Now David has raised his Zoom


No. 2, labor-force growth was the
one factor that helped drive U.S. eco-
people spread out, companies need to
innovate to serve them. That means
My forecast implies a double-digit
hand. Please chime in.
David Giroux: I agree with a lot of
nomic growth ahead of Europe’s and
Japan’s over the past two decades, and
innovating not only on digital plat-
forms but also digitizing the U.S. en- decline in U.S. markets (S&P 500
what Abby and Todd have said. I ex- half of our labor-force growth came terprise. That speaks to deflation. It
pect inflation to moderate dramatically
throughout this year and into 2023.
from immigration. Our current na-
tional policy discourages not only im-
also unlocks innovation. As people
move away from medical centers, we
and Nasdaq 100) because EV/Ebit
Some of the areas with massive supply/
demand imbalances, such as used cars,
migrants at the lower end of the wage
scale, but also foreign students and
are seeing telemedicine increase. We
need to provide better education and multiples are at historic highs.
rental cars, and appliances, will proba- those who come here with specialized training remotely. Last year, in recom-
bly come into better balance in the sec- visas and skills that we need. No. 3, mending Intuit [INTU], I discussed
ond half of 2022 and 2023. The other we shouldn’t be too complacent about the spread of remote tax and account-
Rupal Bhansali
big story of 2021 was earnings growth. the positive impact of Covid vaccines ing services around the country. What
We will see 45% to 50% earnings because there has been such uneven is happening in America is unique.
growth in 2021 and even 25% to 30% Photograph by KAREN SANTOS distribution and takeup. I’m not going Most other countries are just coun- Photograph by RICK WENNER
28 BARRON’S January 17, 2022 January 17, 2022 BARRON’S 29

tries. We are basically a continent. don’t see it coming now. pened in 2021 ended in 2021. The in-
Finding the income part of fixed credible enthusiasm for IPOs and
Mario, what do you expect from income has become increasingly diffi- SPACs cooled off. Equal-weighted in-
the new year? cult. You have to take on more risk to dexes began to outperform the market-
Mario Gabelli: I don’t focus as much get any quantity of income. I am not cap-weighted indexes. For much of the
on real GDP. I focus on nominal GDP, going long duration. Protecting inves- year, just a handful of stocks were re-
which impacts nominal corporate tors from inflation will be the focus of sponsible for the bulk of the indexes’
revenue and earnings. When compa- my picks. There are many ways to performance. This year, investors will
nies report fourth-quarter 2021 results do this indirectly, with commodities, need to pay attention to valuations,
over the next few weeks, the numbers energy, and such. I am not an equity absolute and relative, and dig into com-
will be terrific. These results should expert. I would love to hear the panel’s panies’ underlying fundamentals, while
buttress the U.S. market as the Fed views on how rising interest rates are they worry less about momentum.
accelerates its tightening. going to impact growth stocks. Won’t

}
Where do we see opportunity? rising rates deflate the value of future That’s our kind of nerd.
The auto industry has a long runway. profits? It’s one reason I would tend to Black: I would avoid fixed income
There are a million cars on dealers’ rotate toward value. like the plague. As for stocks, the S&P
shelves, down from an average of 500 closed on Friday [Jan. 7] at 4677.
three million. At some point, inven- First, tell us where you see the Using estimated 2022 operating earn-
tory has to be rebuilt. We need more federal-funds rate and the 10-year ings of $220, the market’s P/E multi-
houses, too, as people move around Treasury yield ending the year. ple is 21.2. That’s expensive by histor-

There are many the country because of remote work,


Covid, to escape crime, or because of
Desai: A 75-basis-point hike is baked
in. We might get a 100-basis-point
ical norms—the average is around
16-17—but not when you have today’s
SALT [the inability to deduct high increase, depending on what inflation low nominal interest rates. The S&P
reasons to have state and local taxes from federal tax
payments]. The aerospace sector will
looks like. I come back to this: Rate
hikes are a political question. Before
500 and Nasdaq Composite are
capitalization-weighted. As of Friday’s
be strong, too, as should the agricul-
a central bank tural ecosystem.
the November election, the Fed needs
to be seen to be doing something. The Photograph by MARY BETH KOETH
close, the five largest stocks in the S&P
500 had a 22.4% weighting. The top

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The question we should ask is pressures on the Fed are coming from a 10 accounted for 28.8% of the index.
digital currency. whether we are going back to what very different place than we’ve seen in The top five stocks in the Nasdaq had
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happened in the U.S. following World the past 10 years. As for the yield on the table. Hyperscaled software out leaving the house. In addition, a 40.2% weighting. Eight of the 25
War II, when there was huge pent-up the 10-year Treasury note, it could go providers, and innovative companies consumers and businesses care about biggest S&P stocks had a multiple of
Bill Priest demand for goods like there is now, or well above 2.5%. We are going to get a in healthcare, life sciences, and life- the social responsibility of the compa- 30 times 2022 estimated earnings.
whether we are entering a period of lot of volatility because the Fed won’t science tools all could do well as the nies they invest in, and companies are Estimated earnings growth for the
structural inflation like the 1970s. The come in and bail us out every time economy slows. The second half could going to need to be authentic in their S&P is only 9%. I don’t see any multi-
consumer and the industrial sector bond yields rise. The dream scenario be almost the mirror image of the first treatment of all stakeholders. If they ple expansion, as many of these com-
will keep the economy humming. The for the Fed is a slow crawl upward to half. The S&P 500 could end the year aren’t, you’ll see market shares change Investors panies are expensive to begin with.
federal government will be spending 2.5%, and maybe even a higher range. up by mid- to high-single digits. meaningfully. Stock-picking will be
are having a I follow small- and mid-caps, as
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

less, but state and local revenue The short-term market is pricing in 150 Ellenbogen: I agree directionally, but increasingly important as people well. The small-cap Russell 2000
growth and spending are accelerating. basis points in Fed rate increases, and
effectively nothing after that. I don’t see
might differ on magnitude. The first
half of the year will be weaker. As-
digest these additional factors.
Cohen: Per Henry’s point, I
tough time trades for 17 times forward earnings,
but 39% of the companies in the in-
Meryl, give us your take.
Witmer: Many of our companies in-
that as the end of the hiking cycle. suming we bend the curve on infla-
tion, the second half looks positive. It
changed jobs two weeks ago. I am now
a professor at Columbia University in
sorting out dex have no earnings. Thus, the Rus-
sell’s true P/E is about 28 times, as is
creased prices around year end for That has implications for growth could be a neutral to slightly positive the Graduate School of Business. I can which are the Nasdaq’s.
this first quarter, so I would expect stocks, as you note. Let’s turn to year for the market. say, as a professor and former chair of Markets will be choppy this year.
inflation to moderate starting in the our growth-stock mavens, Todd One reason growth stocks have been the CFA Institute, that I believe this the real Assuming current multiples or a
second half. But I don’t have much and Henry. weaker so far this year is because there year will see the revenge of the invest- slight multiple compression, stocks
else to add from a macro perspective. Ahlsten: We are still constructive on was a lot of speculation in growth mar- ing nerds. Unlike in recent years past, growth could have 5% to 8% upside. Plus, the

In that case, let’s move on to the


the stock market. We expect the Fed to
lift rates three or four times this year,
kets toward the end of last year. We
had about 300 initial public offerings
we will see that diversification, stock
selection, and risk control matter. Last
companies S&P 500 has a 1.2% dividend yield.
Investors should look for companies
markets. How should equity and
fixed-income investors be posi-
but when the yield on the 10-year hits
2%, the long end of the bond market
in 2021. It has been reported that two-
thirds closed the year lower than their
year, many on this panel indicated
that we thought bonds were over-
because of with rising earnings that you can buy
at value prices. You want companies
tioned this year?
Desai: I’m the token fixed-income
will almost be doing the work for the IPO prices. Also, 500 SPACs [special priced. High inflation has provided the huge that are going to generate free cash,
Fed. This will slow the economy in the purpose acquisition companies] came a catalyst to get bond prices closer to with nominal revenue and earnings
person on the panel, and I would second half of the year, and inflation to market. Investors are having a tough where they should be. That will have supply of growth far in excess of nominal GDP
argue that fixed income is one of the will come down. time sorting out which are the real a meaningful impact on equity valua- growth.
least attractive areas to invest in this Value has done well out of the gate, growth companies because of the huge tion. I see a modest compression in new growth People have mentioned the housing
year. I’m also the only person here
who is worried about inflation, and I
but growth stocks could come back
strongly in the second half as the yield
supply of new growth companies. As
earnings are reported, they will suss
the market’s price/earnings ratio this
year. S&P 500 earnings will grow companies. sector. Housing starts are excellent,
but the stocks have been bombed be-
don’t think it’s recency bias, as I’ve curve flattens. People will rediscover out which companies have true under- about 8% for the year, but the P/E will cause of concerns about rising mort-
been worried about it for a year and that they want to own innovative com- lying growth drivers. come down a bit, producing modest
Henry gage rates. If mortgage rates rise to
a half. Deflation is the dog that didn’t panies, not slow-growth, narrow-moat, Also, building on my earlier com- gains for stocks. I expect the increased Ellenbogen 4%, affordability goes down. Many
bark. We had the worst financial old-economy companies. Areas like ments, companies will need to have a volatility we’re already seeing to be a home builders are selling at five to
crisis in almost a century in 2008. semiconductors could do really well. very strong culture to retain employ- feature all year. seven times earnings, but you want
We heard nothing except that defla- Semis are 60 basis points of the global ees, because it is easy now for white- It is also important to recognize that to avoid interest-rate-sensitive areas.
Photograph by RICK WENNER tion was coming. It never did, and I economy but bring intrinsic value to collar employees to change jobs with- some of the bizarre things that hap- Banks, on the other hand, could get a
30 BARRON’S January 17, 2022 January 17, 2022 BARRON’S 31

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windfall in earnings-per-share growth 100) because EV/Ebit [enterprise value about mergers? You’ve got SPACs, of stocks, there are some values, but Revolution Is Transforming Currencies
as the yield curve steepens. to earnings before interest] multiples private-equity firms, and strategics not a ton. That leads me to think this and Finance, by Eswar Prasad, a profes-
I would avoid speculative companies are at historic highs, even though we’ll wanting to do deals—plus lots of fi- should be a flat year, all-in. I see the sor at Cornell. Also, DeFi and the Future
like Snowflake [SNOW], Airbnb see an increase in earnings. nancial engineering, such as spinoffs. risk of fear coming into the market if of Finance, by Campbell R. Harvey,
[ABNB], and CrowdStrike Holdings How does this deal activity work with we don’t have a new tranche of inves- Ashwin Ramachandran, and Joey San-
[CRWD]. They have a runway, but Does anyone see a double-digit the FTC’s likely new approach? How tors into crypto. If the music stops and toro, is a must-read on this subject.
they don’t have a moat. If rates go up, After the increase this year in the S&P 500? does this activity impact investor psy- crypto tanks, there could be a conta- Cohen: [Holding up a copy of The Fu-
stocks like these could fall sharply. Let the record register a resounding chology? That is another issue. The gion into the stock market. It could set ture of Money] Prasad is also a Fellow at
market silence. And let’s move on to Bill. same regarding the Federal Communi- up a good buying opportunity. the Brookings Institution and has been
David, what is your assessment?
Giroux: In the three years before the
shock of Priest: Rupal characterized it well:
The big issue is a P/E multiple derat-
cations Commission and media deals.
Then there is the issue of market Cryptocurrencies and other novel
my guru on the subject for a while. One
point he makes that I find interesting is
pandemic, the 10-year yield averaged
about 2.45%. We’re still 70 basis
the Fed’s ing due to rising interest rates. There
is also an existential political risk to
mechanics. Brokerages like Robin-
hood Markets [HOOD] need to do a
assets have won many fans in the
past few years. Have we any here?
that once central banks issue digital
currencies, what is the economic argu-
points below that. I would make a bet early action, the market around the question, “Does better job of educating customers about Black: I am not a believer in crypto- ment for having unregulated digital
that the 10-year doesn’t get above market efficiency require a democracy how to trade options and buy on mar- currencies; the U.S. dollar is a better currencies that are backed by nothing?
2.5% in the next year. There are signs stocks in order to operate optimally?” I agree gin. How do you deal with the volatil- reserve currency. But I am an art col-
of excess in certain growth stocks. with Todd that growth names will do ity tied to the momos, algos, quants lector. NFTs [nonfungible tokens] are We’ll save that question for another
But if you look at the biggest compa- could end better in the second half of the year. If [momentum, algorithmic-, and quanti- selling at Christie’s and Sotheby’s for Roundtable. Now, let’s hear your
nies in the S&P 500, Facebook is I had to pick a number, I’d say the S&P tative investors], and buyers of the S&P north of $50 million. You can own a
trading at a discount to the market,
the year will be plus or minus 7%. The risk of and ETFs? These are issues, too. decent Monet or Cezanne for less and
stock picks. Todd, you’re first.
Ahlsten: We are looking to invest in
based on 2023 estimated earnings.
Google parent Alphabet [GOOGL]
unchanged. error is to the downside this year. We expect the market to continue
to adjust to Fed policy, with rising
hang it on the wall. The NFT craze in
the art market is reaching the heights
great American innovators in these
uncertain economic times. I am ex-
is trading at the same multiple as the Mario Mario, how do you see the year interest rates and Fed tightening offset of delirium. cited to share six names today. The
average industrial conglomerate. unfolding? by higher earnings. After the market Cohen: About 90% of trading in first is Deere [DE]. The stock is trad-
Some of these growth stocks are at- Gabelli Gabelli: The global value of equities is shock of the Fed’s early action, stocks crypto has nothing to do with eco- ing at $380 a share. When I first
tractive from an earnings perspective. $121 trillion. The U.S. represents $53 could end the year unchanged as the nomic transactions. It involves crypto pitched it two years ago, it was in the
I expect the market could rise by low- trillion, and the biggest six or so U.S. 2022 election is over. The first half of holders selling to other crypto hold- $170s. I pitched it last year at $290. It
to mid-single digits this year. stocks, by Scott’s math, are about $12 the 2023 economic outlook in China ers. Much of the remaining 10% is has been a fantastic compounder. The
Overall, if earnings growth decel- trillion. [Fed Chairman Jerome] Powell and Europe will be brighter. used for questionable activities by first leg of the story was based on the
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erates and the Fed raises rates, it’s not will be confirmed for a second term. Is people who think they are flying agricultural-equipment upgrade cycle.
a great backdrop for equities. Bonds he going to say the Fed needs to run off Meryl, you don’t favor market under regulatory or law-enforcement The fleet was old, and as farmers up-
are more attractive than they were two the $9 trillion of Federal Reserve money forecasting, but surely you have scrutiny. Many are finding that they graded, profitability would be on the
or three months ago, as yields have in the system, which is 35% of GDP? a view. are not. The interest in crypto has rise. Now we are rolling through what
risen nicely, but as a multi-asset inves- That’s what we’re thinking about. Witmer: What has been noticeable in been easing in recent months. If you we think is a decadelong story cen-
tor it makes more sense to take dura- How is the chairman of the Federal the past year is extreme volatility in looked only at the full year, you’re tered on innovations in precision agri-
tion risk in the equity part of my port- Trade Commission going to think individual stocks. Looking at my world missing the bigger picture. Cryptocur- culture. Plus, Deere has one of the
folio than in fixed income. The asset rencies had a strong first half of 2021, best last-mile dealer networks.

}
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class today with the most attractive and an unattractive second half. We think Deere’s stock can return
risk/reward profile is leveraged loans. Desai: Any asset class subject to the an average of 15% over the next three
I’ve taken leveraged loans to 12% of fact that one person can make a state- years, which implies a $550 stock
my portfolio from about 1% in 2018. ment and change the value of the asset price in 2024, inclusive of a 1% divi-
Leveraged loans are the one asset by a significant amount is a compli- dend yield. It trades for 18 times esti-
class in fixed income that tends to rise cated proposition for fundamentals- mated 2025 earnings. We expect that
in value in a rising-rate environment. based investors. the company can grow earnings at a
Even without the Fed having in- Priest: Money performs three func- 12% annualized rate for the next four
creased rates, they are earning yields
of 4% to 4.5%. They’re at the top of
tions. It is a unit of account, a medium
of exchange, and a store of value.
years, given the strength of the ag-
equipment upgrade cycle, and drive
If the music stops
the capital structure, floating rate in
nature, and mostly high-quality com-
Cryptocurrencies aren’t a store of
value, in my view. However, in the
margin growth through its technology.
Deere has doubled its operating in- and crypto tanks, there
panies. If rates rise, yields could go to near future, we will see central banks come since 2019. Let’s talk about that:
5% to 5.5% or more. introduce digital currencies that will
meet the requirement of a “store of
The take rate on precision ag is getting
into an S-rate adoption curve as com-
could be a contagion
Rupal, let’s hear from you.
Bhansali: The biggest risk to the mar-
value.” China could have one next
year, and there is a good chance that
bines are turned into data centers,
connected to spectrum, and connected into the stock market.
kets this year is a multiple derating. Europe beats the U.S. to the issuance to Deere’s operations centers. As a
ill affect both growth and value stocks
that have gone up a lot. It will be
of a CBDC. There are many reasons to
have a central bank digital currency,
result of data optimization, farmers
are using less pesticides and fertiliz-
It could set up a good
worse for risk assets, meaning junk
bonds and junk equities. There is also
including greater transparency of its
use and greater efficiency in targeting
ers, and producing crops with less
water. Deere is a great ESG story. buying opportunity.
opportunity in the market; you can the effects of monetary policy. The precision-ag business within
make money by picking steady growth Ellenbogen: Central bank digital
over heady growth, and good compa- currencies are going to be a threat
Deere is hard to unpack because the
company doesn’t fully disclose the
Meryl Witmer
nies whose stocks are out of favor. My to the banks. numbers. We think it was about a $2
forecast implies a double-digit decline Priest: An excellent book on the topic billion business last year, on its way to
in U.S. markets (S&P 500 and Nasdaq Photograph by GUERIN BLASK is The Future of Money: How the Digital $3 billion in 2023. Long term, the Photograph by MARY BETH KOETH
32 BARRON’S January 17, 2022 January 17, 2022 BARRON’S 33

} }
TAM [total addressable market] could tive to Square. Another 38% of the free-cash-flow margins. We are very
be upward of $50 billion, if you think business is payments, or products excited about that opportunity.
about the crop yield improvement. that help banks issue credit cards. Ellenbogen: What is your view on
Deere spent $8 billion cumulatively That’s a mid-single digit grower. Fi- Figma and Canva? These are private
on research and development, or nally, fintech is 20% and growing by digital graphic-design companies that
about 4% of sales, in the past five mid-single digits. Fiserv is going to are starting to get scale. Will they im-
Unlike in recent years. Later this year, it will be ship-
ping autonomous tractors. It spent
buy back a lot of stock this year. It
can grow earnings for a long time.
I would pact Adobe’s growth rate, or is the end
market growing even faster?
avoid fixed
years past, $250 million last year to buy Bear Flag
Robotics, which retrofits tractors with What is your case for Mastercard?
income like
Ahlsten: It’s a great question. For
sure, there are emerging competitors,
Lidar technology. In 2017, it bought Ahlsten: Mastercard is a fantastic but the TAM is so large that we expect
we will see that Blue River Technology for $305 mil-
lion; it specializes in computer vision
opportunity. We expect a 12% return
per year in the next three years, and we
the plague. Adobe to power through. The com-
pany continues to innovate and invest

diversification, technology. It is rare to find a wide-


moat company with Deere’s type of
have a $525 price target, up from a
recent $370. The stock has a price/
Scott
Black
and in some ways match the competi-
tion. They aren’t standing still.
innovation. Plus, investors benefit earnings multiple of 26 times this Applied Materials [AMAT] is
stock selection, from an upward turn in the commod-
ity ag cycle.
year’s estimated earnings. Mastercard
could earn $20 a share in 2025, so it is
another stock I recommended last
year. The stock traded in the mid-

and risk control Why did the stock plateau last


compounding earnings at a 25% an-
nual rate. It can grow sales at a high-
$90s. Now it is about $150 a share.
We think the next stop is $200-plus
year? And, are there other preci- teens rate for a long time. It has 80 sometime in the next three years as
matter. sion-ag companies that investors
should consider?
million merchant partners and 2.9 bil-
lion cards. Acceptance of these cards
earnings power crosses $10-plus a
share. When you think about Applied
Ahlsten: Deere returned about 20% has doubled over the past five years. Materials, you hear a lot about the
Abby J. Cohen last year, so it had a pretty good year, Mastercard has a good global mix: waves of compute—5G, autonomous
although it traded sideways when 69% international versus 31% domes- driving, precision ag, hyperscale, the
prices for commodities like corn sold tic. Cross-border travel was down in Internet of Things, the metaverse,
off in the second half. We also own the past two years. It could be fantas- Web 3.0. AMAT is one of the only
Trimble [TRMB], which makes soft- tic this year. Visa [V] is a fantastic holistic ways to play the increasing
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ware for precision agriculture. opportunity, as well, but Mastercard intensity of semiconductors across the
Next, I’m recommending Fiserv will grow faster because it has a economy and computing. ASML
[FISV] and Mastercard [MA], two higher exposure to international travel Holding [ASML] would be another.
legacy payments companies that will than Visa. We think of Mastercard as AMAT touches nearly every semi-
benefit from this year’s economic a reopening play. At Mastercard, 45% conductor built today. It is one of the
growth. Fiserv is a payments and of every dollar made drops down to classic picks and shovels of the digital
financial-services company. Mer- the bottom line. We have owned the Photograph by ANGELA OWENS economy, innovating down to three
chant-acquiring struggled last year stock since 2010. Sometimes, it is hard nanometers and bending the laws of
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because the focus was on companies to stay in great compounders; 2020 physics and materials-science innova-
like Square [now Block, SQ], and was challenging as the economy how innovative it is, and it is in part its wide-moat and tremendous- tion. Semiconductors will be roughly
Stripe and buy now, pay later outfits. slowed and people curtailed cross- a byproduct of low interest rates. network-effect products is almost a $600 billion industry this year in
The legacy payments companies had border travel. Last year, some non- Mastercard’s installment payments unrivaled. Its investment in the cloud a near-$100 trillion global economy.
a good year, but got left behind by the economic payments businesses got are a play on that. benefited from the pandemic. Digital Over time, the industry will garner
euphoria about this new wave of pay- funded and challenged the company’s Speaking of great American com- media and document creation isn’t a more economic rent, just as software
ment services. As a result, Fiserv is moat. But we think the moat is as panies, Adobe [ADBE] can earn its fad. It’s an essential and irreplaceable has. AMAT is in a great spot. We
a bargain, trading at 17 to 18 times wide as it has been in a long time. way through this uncertain time. The part of the marketing and tech spend think wafer-fab equipment spending
this year’s earnings. The company Black: Visa sells for less than 27 times stock was $700 a couple of months for a lot of companies. will approach $100 billion in the next
can grow the top line by 7% to 9% expected earnings. Mastercard’s mul- back. It is around $520 now. It sold off We expect Adobe to return 12% a three years. AMAT is tracking 59 fab
a year long term, and earnings per tiple is higher by seven points. How with the growth-to-value rotation. year in the next few years. The stock projects globally, which represents
share by 10%. We see a return of 15% do you justify that valuation? Adobe did a great job during the pan- could rise to $725 over three years and $300 billion of future capital spend-
a year over the next three years, Ahlsten: That’s a great question from demic, and there has been a bit of trade at a multiple of 30 times forward ing. Wafer-fab equipment sales were
implying a $165 stock price in 2024, a value guy. We like the earnings pumping the brakes on pandemic ben- earnings. Adobe could earn $24 a up roughly 40% last year. We think
compared with a recent $108. Fiserv growth and wide moat, and the pros- eficiaries as we shift to the new nor- share in 2025. It is compounding they’ll be up another 10% this year to
could earn just shy of $10 a share in pects for a cross-border recovery and mal. But long term, Adobe is one of earnings and free cash flow at a 20% $90 billion, crossing $100 billion next
2025. an economic reopening. We are will- the best companies in the S&P 500. annual rate. The top line is growing year. The semi industry grew 26% last
About 42% of Fiserv’s business is ing to pay up for quality and see a Adobe has a $250 billion market at a midteens rate, and the TAM is year to top roughly $500 billion-plus.
merchant acceptance, or enabling decadelong runway ahead. We’re cap and trades for 37 times trailing expanding. The company has a mo- It could pass $600 billion this year.
merchants to process credit-card comfortable with the valuation, which earnings and 32 times forward free nopolistic share in a lot of digital me- AMAT has exposure to foundry
transactions. We feel this business probably speaks to the difference in cash flow. Why do we like it at these dia creation. Last year, there was some and lodge spend. Foundry wafer starts
can grow by high-single digits. It has our investment styles. valuations? It has some of the best pushback as some smaller design-tool should be up 7% this year. We don’t
some really good customers—for digital-media software assets in the companies launched products. There see an oversupply situation. AMAT
example, seven of the top 10 U.S. gro- Could buy now, pay later become world, such as Photoshop and In- will always be niche products coming is also exposed to the NAND and
cery chains. The company’s Clover a meaningful business for Master- Design. This business accounts for to market, but the surface area that DRAM memory sector. In thinking
platform, which you might have seen card or Visa? 73% of sales and has a long runway as Abode touches and scales is unrivaled. about areas of innovation, AMAT uses
at point of sale, is also growing rap- Ahlsten: The business model will we move to the cloud and digitize. The The company is spending $2.5 billion the acronym PPAC, or power, perfor-
Photograph by PHILIP VUKELICH idly. Clover is underappreciated, rela- need to be proven out. We question surface area that Abode touches with a year on R&D, while delivering 44% mance, area, cost. There are just so
34 BARRON’S January 17, 2022

2021 Roundtable Report Card


Members of the Barron’s Roundtable buy and sell securities and change their investment opinions as market conditions change. Here
is how their 2021 Roundtable recommendations performed through the end of last year. The S&P 500 returned 28.7% for the full year,
including reinvested dividends, and 27% from Jan. 8 through Dec. 31. The 2021 Midyear Roundtable report card is available on barrons.com.

Todd Ahlsten’s Picks Sonal Desai’s Picks


Company / Ticker Price 1/8/2021 Price 12/31/21 Price Change Total Return Investment / Ticker Price 1/8/2021 Price 12/31/21 Price Change Total Return
Deere / DE $293.91 $342.89 16.7% 18.0% Matthews Asia Growth / MPACX $41.25 $31.99 -22.4% -18.4%
Applied Materials / AMAT 95.56 157.36 64.7 65.7 SPDR Gold Shares / GLD 173.34 170.96 -1.4 -1.4
Micron Technology / MU 77.42 93.15 20.3 20.6 Payden Emerging Markets Bond / PYEWX 13.83 12.85 -7.1 -2.0
Booking Holdings / BKNG 2,281.54 2,399.23 5.2 5.2 Franklin High Income / FVHIX 1.88 1.88 0 5.0
CME Group / CME 199.68 228.46 14.4 17.8 Franklin Federal Tax-Free Income / FAFTX* 12.31 12.40 0.7 2.1
Digital Realty Trust / DLR 133.60 176.87 32.4 35.9 Franklin High Yield Tax-Free Income / FHYVX 10.44 10.52 0.8 4.1
*Position closed midyear

James Anderson’s Picks


Company / Ticker Price 1/8/2021 Price 12/31/21 Price Change Total Return Henry Ellenbogen’s Picks
Tencent Holdings / 700.Hong Kong HK$573.00 HK$456.80 -20.3% -20.0% Company / Ticker Price 1/8/2021 Price 12/31/21 Price Change Total Return

ASML Holding / ASML $508.74 $796.14 56.5 57.3 Boston Beer Company / SAM $1,000.49 $505.10 -49.5% -49.5%

Delivery Hero / DHER.Germany €135.65 €98.00 -27.8 -27.8 Intuit / INTU 374.46 643.22 71.8 72.3

Illumina / ILMN $379.61 $380.44 0.2 0.2 Vroom / VRM 40.74 10.79 -73.5 -73.5

Moderna / MRNA 112.75 253.98 125.3 125.3 Black Knight / BKI 87.92 82.89 -5.7 -5.7
Total Return in USD: 700.HK=-20.4%, DHER.Germany=-33.2%

Rupal J. Bhansali’s Picks Mario Gabelli’s Picks


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Company / Ticker Price 1/8/2021 Price 12/31/21 Price Change Total Return Company / Ticker Price 1/8/2021 Price 12/31/21 Price Change Total Return
Snam / SRG.Italy €4.65 €5.30 14.0% 19.3% NextEra Energy Partners / NEP $79.76 $84.40 5.8% 9.1%
Munich Re / MUV2.Germany 242.60 260.50 7.4 11.4 Avangrid / AGR 46.97 49.88 6.2 9.9
Telefônica Brasil / VIV $8.36 $8.65 3.5 11.0 GCP Applied Technologies / GCP 25.47 31.66 24.3 24.3
Philip Morris International / PM 83.09 95.00 14.3 20.2 Hyster-Yale Materials Handling / HY 65.98 41.10 -37.7 -35.8
Microsoft / MSFT 219.62 336.32 53.1 54.2 Deutsche Telekom / DTE.Germany €15.20 €16.30 7.3 11.2
Genuine Parts / GPC $103.34 $140.20 35.7 38.8
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Total Return in USD: SRG.Italy=10.7%, MUV2.Germany=3.4%

Madison Square Garden Sports / MSGS 182.54 173.73 -4.8 -4.8


Scott Black’s Picks Liberty Braves Group / BATRA 26.25 28.75 9.5 9.5
Company / Ticker Price 1/8/2021 Price 12/31/21 Price Change Total Return Fox / FOX 29.62 34.27 15.7 17.3
AdvanSix / ASIX $22.11 $47.25 113.7% 114.3% Sinclair Broadcast Group / SBGI 32.49 26.43 -18.7 -16.2
Kimball Electronics / KE 17.11 21.76 27.2 27.2 GAN / GAN 21.71 9.19 -57.7 -57.7
Westlake Chemical Partners / WLKP 21.99 26.86 22.1 30.7 Total Return in USD: DTE.Germany=3.1%

D.R. Horton / DHI 66.96 108.45 62.0 63.2


Magna International / MGA 75.85 80.94 6.7 9.0 William Priest’s Picks
Northrop Grumman / NOC 288.33 387.07 34.2 36.4 Company / Ticker Price 1/8/2021 Price 12/31/21 Price Change Total Return
T-Mobile US / TMUS $135.06 $115.98 -14.1% -14.1%
Amgen / AMGN 238.49 224.97 -5.7 -2.7
Abby Joseph Cohen’s Picks
NextEra Energy Partners / NEP 79.76 84.40 5.8 9.1
Company / Ticker Price 1/8/2021 Price 12/31/21 Price Change Total Return
Nike / NKE 146.35 166.67 13.9 14.7
PulteGroup / PHM $41.53 $57.16 37.6% 39.0%
Arista Networks / ANET* 76.53 143.75 87.8 87.8
Prologis / PLD 96.60 168.36 74.3 76.9
Walt Disney / DIS 178.69 154.89 -13.3 -13.3
Trend Micro / 4704.Japan JPY5,830 JPY6,390 9.6 9.6
*Adjusted for a 4-for-1 stock split
Infosys / INFO.India INR1,312.10 INR1,887.75 43.9 46.2
Deutsche Post DHL Group / DPW. Germany €41.51 €56.54 36.2 39.5
Fiserv / FISV $116.79 $103.79 -11.1 -11.1
Meryl Witmer’s Picks
Company / Ticker Price 1/8/2021 Price 12/31/21 Price Change Total Return
Yum China Holdings / YUMC 59.87 49.84 -16.8 -16.0
Total Return in USD: 4704.Japan=-1.0, INFO.India=44.0%, DPW.Germany=29.3%
Viatris / VTRS $18.30 $13.53 -26.1% -24.3%
Houghton Mifflin Harcourt / HMHC 3.64 16.10 342.3 342.3
Holcim / HOLN.Switzerland* CHF52.54 CHF46.51 -11.5 -7.7
Prices as of 12/30/21 for European and Japanese stocks. Total return includes dividends received but not reinvested.
Source: Bloomberg * Name and ticker change from LafargeHolcim / LHN.Switzerland. Total Return in USD: HOLN.Switzerland=-10.5%
January 17, 2022 BARRON’S * 35

many places to innovate. The company Ahlsten: Danaher grew earnings 50% Todd Ahlsten’s Picks [CPREX]. It is a Franklin Templeton
is building 15,000 tools on recurring last year. The next few years will see Company / Ticker Price 1/7/22 fund. Clarion offers direct access to
revenue streams for services, which is slightly lower growth as Covid vaccine institutional-quality private real
Deere / DE $378.65
approximately 20% of the business. production and testing slow. We have estate, with daily pricing. These are
China is around 34% of the business. vaccine-related revenue roughly flat Fiserv / FISV 108.83 commercial real estate properties with
We expect that to be more flattish this this year, and testing revenue down Mastercard / MA 369.65 the scale and balance-sheet quality
year. But for Taiwan, South Korea, the 14%. Next year, vaccine revenue could Adobe / ADBE 510.70 that institutional investors demand.
U.S., and Japan, this is almost becom- fall 30% and testing revenue could be Applied Materials / AMAT 150.81 It’s hard to come by such assets as a
ing a national security asset. down 53%. That’s a 6% growth head- retail investor.
Danaher / DHR 295.67
wind for 2023, but we want this pan- The fund has direct investments in
What is your sixth pick? demic to go away. We expect Danaher Source: Bloomberg commercial real estate and real estate
Ahlsten: Nick Saban, the head foot- to earn $10.41 a share this year and securities. It is backed by long-term
ball coach at the University of Ala- $10.65 next year. By 2025, earnings real estate contracts and taxed as a
bama, is one of the all-time great could be $15.25 a share. Gold was one of my picks over the real estate investment trust, which has
coaches. I deeply admire what he has I’ve given you six great American past year and a half. It has done investment benefits. The retail fund
built. Danaher [DHR] is our Nick companies that could do well this poorly. The price fell about 4%, partly has been around only since 2019, but
Saban stock in the Parnassus Core year, despite what happens with the due to Covid, as jewelry demand col- Clarion has a 30-year track record
Equity fund. It has a $215 billion Fed, the economy, and inflation. Look- lapsed, particularly in India. The serving institutional clients. The port-
market cap, and is one of the highest- ing out three years, we expect to sleep other problem is that although we got folio’s target allocation is 60% to 90%
quality makers of life-sciences tools in well with these names. inflation, it looks like the Fed is going private real estate and 10% to 40%
the world. Danaher practices continu- to react and raise rates. Gold hasn’t public real estate securities. It invests
ous improvement in everything it Sweet dreams, and thank you. reacted to inflation because it is less in warehouse, apartment, office, retail,
does, and hires great people. It owns Now, let’s hear from Sonal. attractive if the Fed raises rates. and other property sectors.
great brands such as Beckman Coul- Desai: I so enjoy listening to all of From a portfolio perspective, there
ter, and Pall, in filtration. They bought you. You have such interesting stories. are different ways to hedge against Why is real estate a good hedge
GE’s biopharma business, and that I don’t have nice stories; I just have a inflation. For that reason, I started against inflation?
has exploded their business in bio macroeconomic view. As I have said, moving toward real estate in the mid- Desai: Landlords generally have the
production. Danaher is like the Berk- my concerns on the inflation and dle of last year. All of my picks are ability to raise rents under better eco-
shire Hathaway [BRK.A] of life sci- interest-rate front are probably a little funds. First, I want to highlight a nomic conditions, and they have been
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ences and bio production. greater than those of most people on private real estate fund, Clarion doing it. That raises property values.
We see the stock at like $425 in this panel. Partners Real Estate Income fund Then, many real estate leases are con-
three years, up from $300 recently.
The company could earn $15.25 a
share by 2025, and sell for 28 times
earnings. Danaher has exposure to
great end markets and very wide
moats. We like the fact that 52% of
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revenue comes from life sciences and


32% comes from diagnostics. Seventy-
five percent of this revenue is recur-
ring. The crux of our thesis is that the
core business is accelerating at a 7% to
8% annual rate. The company contin-
ues to make tuck-in acquisitions.
I want to focus on Danaher’s bio-
logics and bio-processing businesses,
which are just under 30% of revenue.
In medicine, a major shift under way
is the use of biologics [drugs made
from biological sources]. We have seen
a 50% increase in the development of
monoclonal antibodies in the past five
years. Helping to produce those prod-
ucts is right in Danaher’s wheelhouse.
The development of gene and cell
therapies has grown tenfold since
2015. No. 3, these emerging high-
growth areas of innovation are very

Courtesy of John Deere


focused on bio-production capacity,
which is a huge growth driver. No. 4,
Cepheid is their best-in-class diagnos-
tics brand, with some fantastic assets.
Does this sound too good to be true?

We’re glad you asked. Deere’s new autonomous tractor, unveiled at CES 2022, includes a GPS guidance system and other advanced technologies.
36 BARRON’S January 17, 2022

tractually allowed to have rent bumps,


which are linked directly to higher
inflation rates. Third, higher inflation
means that construction materials,
labor, land costs, and other factors
that go into new real estate develop-
ment are more expensive.
Black: Sonal, do they have much
exposure to high-rise office towers in
Boston, San Francisco, and New York?
Those markets are weak right now.
Desai: This fund doesn’t have expo-
sure to these markets. They have a lot
of exposure to the Sunbelt states, to
which people have been migrating.
That is a part of their thesis.
Next, I’d like to reiterate my call
on municipal bonds, which I have had
for a while. Given the scale of fiscal
expansion we’ve seen, we’re going to
need to look at the tax-free space. I am
recommending the Franklin High
Yield Tax-Free Income fund
[FHYVX]. It gives you a 12-month
yield of 3.69% [as of Dec. 31]. I’m trying
to gear many of my picks toward gen-
erating some income, but it is embar-
rassing how little fixed income can be
generated. The rationale behind my
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

preference for munis is the very strong


financial position in which state and
local governments find themselves. More spending on projects like the Signature Bridge in Miami will benefit holders of infrastructure ETFs. Sonal Desai recommends two.
Despite Covid, their coffers are full.
You’ve got increasing demand for
munis domestically because of the the Parametric Commodity Strat- generates income of 4.45%. We expect Sonal, what is your view of Chinese
prospect for higher taxes, and surpris- egy fund [EAPCX]. It is a quantitative interest rates to go up, and bank loans sovereign bonds?
ingly, there is increasing demand inter- fund, using a rules-based, top-down should benefit. Desai: In multisector portfolios, we
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

nationally. Supply is constrained in strategy. It has a disciplined process Next, the Franklin Income fund have increased our exposures to Chi-
tax-free munis, which also makes and a long-tenured team. The fund is [FRIAX], which I have recommended nese sovereign bonds, but China’s
them attractive. divided into 25% agriculture, 27% en- in the past, has a 12-month yield of zero Covid policy is going to lead to
My third theme is infrastructure. ergy, and 23% industrial metals. The 4.52%. It takes a flexible investment volatility in GDP growth. I wouldn’t
I’m recommending the Global X rest is tied to precious metals, live- approach, investing primarily in blue- put all of my eggs in the China bas-
U.S. Infrastructure Development stock, and so on. Inflation is one of my chip value stocks and high-yield bonds, ket. I usually recommend an Asia-
exchange-traded fund [PAVE]. It greatest concerns, and this is yet an- but also diversifying across equity- focused fund; I recommended Mat-
provides exposure to infrastructure other way to try to hedge your port- linked notes and convertible bonds. thews Asia Growth [MPACX] last
spending in the U.S. through compa- folio against it. For something more Currently, it is about 66% equities year, which historically had strong
nies that provide materials, equip- traditional, with an eye to income, (roughly 44% common stock, 20% performance, and it did not perform
ment, and expertise to build and I’m recommending the SPDR Black- ELNs, and 3% preferred and convert- well, in large part because of its over-
repair domestic transportation infra- stone Senior Loan ETF [SRLN]. It ibles) and 31% fixed income with a weight in China. Emerging markets
structure. Especially after passage of greater concentration in high yield. It offer a lot of opportunity, but the key
the infrastructure bill, this is a good is basically a balanced portfolio that themes I’m focused on this year are
place to be. The fund was launched in
2017 and now has about $5.5 billion in
Sonal Desai’s Picks should deliver fixed-income-style per-
formance topped off a bit by equities.
much more U.S.-focused.

assets. Performance has been excel- Fund / Ticker Price 1/7/22 Traditionally, I talk about one equity What do you think of TIPS [Trea-
lent, but it generates little income. If Clarion Partners Real Estate Income / CPREX $12.10 fund. This time, it is the Franklin Eq- sury inflation-protected securi-
you are more interested in income, Franklin High Yield Tax-Free Income / FHYVX 10.45 uity Income fund [FEIFX], focused ties] as an inflation hedge?
you might look at the Lazard Global Global X US Infrastructure Development / PAVE 28.35 on large-cap value. I expect large-cap Desai: With TIPS, you end up taking
Listed Infrastructure Portfolio value to do well in the first half of the on duration risk. If there is a selloff in
Lazard Global Listed Infrastructure Portfolio / GLFOX 16.30
[GLFOX]. It has 60% exposure to year. The fund invests mainly in Treasuries, TIPS won’t deliver, given

Joe Raedle/Getty Images


Parametric Commodity Strategy / EAPCX 6.34
Europe, and yields 4%. The Lazard income-oriented blue-chip companies the embedded duration. Also, the Fed
fund is also a pick. SPDR Blackstone Senior Loan / SRLN 45.65 with good growth potential and sus- owns about a quarter of the TIPS mar-
Franklin Income / FRIAX 2.52 tainable competitive advantages. It also ket and can distort returns with the
What else do you like? Franklin Equity Income / FEIFX 31.95 offers exposure to growth stocks, such stroke of a pen.
Desai: I remain bullish on commodi- as Amazon.com [AMZN], by using
ties. Rather than gold, I would look at Source: Bloomberg equity-linked securities. Thank you, Sonal. B
January 17, 2022 BARRON’S 37

F UN DS
The new rules seek to prevent problems that
cropped up during the financial crisis. Ironically,
previous regs might have caused those woes.

Could Proposed Regs


2% if assets fell by more than 10%. mover sellers would get the swing-
Meant to stabilize money fund adjusted price to discourage them
flows, those rules caused institutional from panic selling.
investors to flee prime funds in 2020 Money fund managers say such

From the SEC Kill


in order to get out before any gates calculations are too difficult. “What
closed. The new regs would scrap the swing pricing does is take the place
gates and the exit fees, but impose of the [money fund redemption] fees,
something else that the industry likes but does it in a way that is operation-

Prime Money Funds?


even less—swing pricing. ally almost impossible,” says Deborah
Swing pricing is widely used in Cunningham, Federated Hermes’ chief
Europe, but not in the U.S., although it investment officer of Global Liquidity
was authorized by the SEC in 2016 for Markets. “It takes away the capability
regular mutual funds. Basically, it of funds to be able to do same-day
allows a fund’s manager to lower its transactions, because you can’t price

T
NAV when outflows of securities ex- [a money fund’s portfolio] until you
o the untrained eye, By Lewis Braham financial crisis: “Commercial paper ceed some threshold. The reason to know clearly, at the end of the day,
the debate over and certificates of deposit markets do this is so the first investors to exit a what your redemptions have been.”
the Securities and in which prime money market funds fund don’t get better prices as manag- The industry’s solution to such
Exchange Commis- and other participants invest became ers sell off their most liquid securities, liquidity crunches would be to keep
sion’s proposed ‘frozen’ in March 2020,” and that while the remaining shareholders are fund exit fees, but make them more
new money market lack of liquidity forced the Federal stuck with an illiquid portfolio that flexible. “We actually liked the concept
fund regulations Reserve Bank to create a facility to trades at fire-sale prices. of liquidity fees,” says Jane Heinrichs,
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

may seem like a fight over nothing. backstop the funds. Pricing and liquidity can be espe- associate general counsel at the In-
But it is causing a dustup between Many of the industry’s leading cially problematic with debt invest- vestment Company Institute, a fund
regulators and fund providers all the players—Fidelity, Federated Hermes ments, which don’t change hands con- industry trade group that has peti-
same. And it could have big ramifica- (ticker: FHI), BlackRock (BLK), and stantly like stocks. “Money markets tioned the SEC not to require swing
tions for investors. Bank of New York Mellon (BK)— don’t trade like other markets,” says pricing. “But it would be better if they
Money market funds have under- have sent letters to regulators stating Peter Crane, CEO of money fund were at the discretion of the board,
gone a tremendous transformation that the new rule would effectively tracker Crane Data. “Almost every- rather than tied to a specific [liquid
since the financial crisis of 2008-09, kill prime funds. thing in the money fund space is buy- asset] number.”
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

but interest rates have been so low Ironically, 2020’s rush to the exits and-hold. You don’t get a whole lot Yet the SEC proposal notes that the
for so many years—you’re lucky to might have been caused by an earlier of people selling a one-month T-bill industry has not shown a willingness
get 0.1%—that most investors don’t set of prime fund regs. In 2014, the because they need the money in two to employ redemption fees when
give these funds much thought. One SEC gave the funds’ boards of direc- weeks. But when that does happen, needed: “In March 2020, no money
of the biggest changes was breaking tors the power to reduce redemptions you get these odd price distortions.” market funds imposed liquidity fees,
them into two categories: government by gating funds for 10 days when despite the fact that many institutional

T
and prime. Government money funds liquid assets fell by more than 30%. he new rule would require prime and tax-exempt funds were
have $4.1 trillion in assets; they buy It also required prime fund boards to prime funds to adjust their experiencing significant outflows and
Treasury bills and other short-term consider imposing exit fees as high as net asset values by a “swing some were selling portfolio holdings
government securities. Prime money factor” reflecting trading to meet redemptions, sometimes at a
funds own corporate debt; today, costs on days when funds have significant loss due to wider spreads,
they’re primarily used by institutions The Biggest Money Market Funds redemptions. given liquidity conditions in the mar-
and have $831 billion in assets. There A handful of firms hold the most in money fund assets. Government Where things get really tricky is if ket at that time.”
are also differences in liquidity—how funds are far larger than higher-yielding prime funds. funds have redemptions that exceed Fund boards may have ulterior mo-
fast they can get investors their 4% of their portfolio value. Then, to tives for not imposing exit fees. “Giv-
LARGEST GOVERNMENT MONEY FUNDS
money, and prevent the proverbial calculate the NAV’s swing price, man- ing the board discretion over how
Fund / Ticker Assets (bil) Yield
bank run—and whether they can agers would have to examine a “verti- much and when to impose [redemp-
Fidelity Government Money Market / SPAXX $250 0.01%
have a steady net asset value, or NAV, cal slice” of their entire portfolios tion fees] creates a pretty big conflict of
of $1 per share. Now, the SEC wants Fidelity Governmentt Cash Reserves / FDRXX 225 0.01 and estimate what it would cost to interest,” says Andy Kapyrin, co-CIO
to put new restrictions on prime Vanguard Federal Money Market / VMFXX 203 0.01 sell every security in that slice, even of RegentAtlantic, a financial advisor
funds, citing the 2020 economic though funds aren’t currently selling with $6 billion under management. “If
LARGEST PRIME MONEY FUNDS
crisis as the reason. those securities. Such an estimate re- you impose the fee, you’re potentially
Fund / Ticker (Cusip) Assets (bil) Yield
According to the proposed regula- quires analyzing the potential “market going to spook investors from ever
tion’s 325-page text, prime money Capital Group Central Cash / CMQXX $110 0.09% impact costs” of sales, such as the cost investing in your funds again.”
funds’ panic sales of short-term com- Vanguard Market Liquidity (92202X209) 104 0.10 of selling illiquid securities in a dis- With near-zero yields for prime
mercial paper—debt issued by blue- BlackRock Cash / BISXX 64 0.10 tressed market where there are few funds, Kapyrin now favors govern-
chip companies with maturities less Note: Yields as of Jan. 12; assets as of Jan. 12, except for Vanguard Market Liquidity, potential buyers and in which the sale ment ones—a wise decision with the
than 270 days—exacerbated the which is as of Dec. 31 Sources: Crane Data; company reports would drive the price down. First- regs still undecided. B
38 BARRON’S January 17, 2022

T E C H T R ADER
“No one thinks there is any economic sense in
launching new satellites,” telecom analyst Craig
Moffett says.

DirecTV and Dish?


satellites,” he says. conducting military exercises in re-
“We have a fleet of satellites and part cent months.
of our business is managing their life But sentiment may be turning.
cycle,” Dish told me this past week. TSMC shares have rallied 17% since

It’s the Story That


The satellites may already be a the end of December. That includes a
moot point for investors. Moffett says 5% gain on Thursday after the com-
that Dish “hasn’t really been a satellite pany posted better-than-expected
TV stock for years,” with the market fourth-quarter results. Revenue

Just Won’t Go Away


focused on the company’s nascent jumped 24.1% in the quarter to $15.7
wireless business and the value of its billion, driven by strong demand from
underlying spectrum. smartphones, PCs, servers, and cars.
Dish has agreed to build out the The company sees strong trends in the
wireless service by 2025, but it will current quarter and also lifted its
initially operate as an AT&T reseller. long-term targets for revenue and
Moffett, who has a Neutral rating on gross margins.

F
or 20 years now, Dish chase price. Dish shares, says the stock will trade One sign of TSMC’s optimism is
Network and rival What hasn’t really changed is that on sentiment rather than fundamen- that it expects $40 billion to $44 bil-
DirecTV have been there are still parts of the country un- tals until the wireless service goes live, lion in capital spending in 2022, up
playing a game of foot- reached by conventional broadband. which makes it a “tough stock to call.” from $30 billion in 2021, and above
sie. On the surface, the While the Biden Administration’s What’s not a tough call is this: A Wall Street estimates. That’s good
logic of merging the recently signed $1 trillion infrastruc- Dish/DirecTV deal still seems like news for the semiconductor equip-
satellite TV services ture bill is targeted in part at expand- wishful thinking. ment sector—and great news for com-
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has long been obvious, even more so ing rural broadband access, Dish panies like Apple (AAPL) and Qual-

G
in recent years as both services shed (DISH) and DirecTV remain the only iven the ongoing chip comm (QCOM) that rely on TSMC to
subscribers. By Eric J. Savitz pay-TV options in some parts of the shortage, it’s surprising produce key chips.
The companies are in dire straits— country. That’s likely enough to keep that Taiwan Semiconduc- New Street Research analyst Pierre
at least outside of rural markets regulators from approving any deal. tor (TSM), the world’s Ferragu recently named TSMC one of
where cable isn’t an option—and And while sharing satellites might largest contract chip manufacturer, his top picks for 2022. He thinks the
teaming up may offer a better chance reduce costs, Craig Moffett, telecom dramatically underperformed the company will eventually top $100
of survival. Sure enough, speculation analyst and founder of the boutique broad market in 2021. The stock was billion in revenue, up from $54.8 bil-
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

about a deal resurfaced this past week research firm MoffettNathanson, notes up a modest 12%, versus a 27% gain lion in 2021.
when the New York Post reported that the two systems are incompatible, for the S&P 500. (My colleague Citi analyst Ronald Shu, another
that the two sides were holding meaning both companies would need Reshma Kapadia wrote an insightful bull, thinks the stock has upside of
merger talks. to keep their satellite constellations in profile of the company last June pre- 50% from current levels.
The companies declined to com- place. Neither service has added satel- dicting the stock’s weakness.) TSMC recently surpassed Nvidia
ment on the report. I’m doubtful the lites in the last five years, Moffett says, Several factors have weighed on the (NVDA) as the world’s most valuable
merger ever happens. My skepticism and three to four years from now, Dish stock, including the threat of in- chip company, with a market cap of
goes back to 2002, when the Federal will have just one satellite within its creased competition from Intel about $700 billion. If I had to pick the
Communications Commission killed expected useful lifespan. Moffett (INTC), which plans to build out a next company to join the $1 trillion
an effort to merge the two satellite TV thinks both services will eventually contract chip making business of its club, I’d go with Taiwan Semi, which
services on the grounds that it would fade away as their satellites fail. “No own. TSMC also faces geopolitical controls 60% of the global chip manu-
substantially reduce competition, par- one thinks there is any risks, with growing fears that main- facturing market. It might just be the
ticularly in more rural areas. economic sense in land China could assert more author- world’s most important technology
“At best, this merger would create a launching new ity over Taiwan—both sides have been company. B
duopoly in areas served by cable; at
worst it would create a merger to mo-
nopoly in unserved areas,” then-FCC
Chairman Michael Powell said. He
called it “the antithesis of what the
public interest demands.”
It’s been nearly 20 years since the FCC first
To be sure, plenty has happened in
the last two decades that changes the
blocked a satellite TV merger and not much
calculus of a deal, including AT&T
(ticker: T) paying $67 billion for Di-
has changed. The government would still
recTV in 2015, before selling a 30%
likely block a deal, even though DirecTV
Dreamstime
stake last year to private equity firm
TPG (TPG). That deal valued Di-
recTV some 75% below AT&T’s pur- and Dish are both shedding subscribers.
January 17, 2022 BARRON’S 39

I N C O M E I N V E STI N G
Disney suspended its twice-yearly dividend of 88
cents a share in May 2020. It is one of the biggest
firms whose pandemic payout remains halted.

Here Are 13 Stocks


erably during the pandemic, but weak comments made by company execu-
business and group travel remain hin- tives last year. Speaking during the
drances to a full recovery for some company’s fiscal third-quarter earn-
companies. Barron’s culled this list of ings call in August, CFO Christine

That You Could Say


companies, all members of the S&P McCarthy said that “longer-term, we
500 save for Nordstrom, from a do anticipate that both dividends and
slightly larger group. The companies share repurchases will remain part of
included here, however, comprise a our capital allocation strategy.”

Remain Ex-Dividend
good cross-section of dividend-con- The company’s credit ratings from
strained firms. Moody’s and S&P Global remain at
Though it depends on each com- investment-grade levels with stable
pany’s individual situation, reinstating outlooks—potentially a good founda-
the payout could be a catalyst for the tion for bringing back the dividend.
stocks, says Chris Senyek, chief in- Meanwhile, Marriott hasn’t paid a

M
vestment strategist at Wolfe Research. quarterly disbursement since nearly
any large U.S. of 13 large U.S. companies that haven’t Senyek points out that, when a com- two years ago, owing to the pan-
companies that restored their dividends. “The com- pany restores its dividend, it opens its demic’s fallout. During the hotelier’s
suspended mon thread is Covid, as their sales shares to a wider group of potential third-quarter conference call in Octo-
their dividends and cash flow were significantly im- investors, including index funds ber, CFO Leeny Oberg said that it was
early in the pacted by the quick change in con- linked to dividend strategies. “feeling increasingly confident that
pandemic have sumer and business actions,” says “It’s a very unique environment for we’ll be able to begin returning capital
reinstated Howard Silverblatt, senior index ana- dividend initiations, given the number to shareholders, assuming continued
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

them, testament to the strong recovery lyst at S&P Dow Jones Indices. of blue-chip companies that could progress in the recovery, in the back
they’ve had. Other large U.S. companies that reinstate dividends over the coming half of 2022.”
But there are some stragglers By Lawrence C. haven’t reinstated disbursements in- quarters,” Senyek says. “This will Retailing was also hit hard early in
whose payouts remain suspended, Strauss clude Hilton Worldwide Holdings create the opportunity for dividend- the pandemic, especially big bricks-
mainly because their businesses ha- (HLT), retailer Nordstrom (JWN), focused funds to buy the stocks.” and-mortar operations like Nord-
ven’t returned to prepandemic levels. Boeing (BA), Expedia Group In the case of American Airlines strom. Suspending its dividend was
They include Walt Disney (ticker: (EXPE), Alaska Air Group (ALK), and its peers, their hands are tied as one of the moves the company made to
DIS), major air carriers such as Delta and General Motors (GM). far as returning capital to sharehold- cut costs during the crisis. In a filing
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Air Lines (DAL) and Southwest Air- Although there are a variety of sec- ers. Under the Cares Act’s Payroll last month, the retailer said that it
lines (LUV), and lodging giant Mar- tors represented here, this group has a Support Program, American Airlines, plans to “resume dividend payments
riott International (MAR). heavy travel and leisure tilt. Domestic for example, is prohibited from buying and share repurchases when appro-
What’s preventing these companies leisure business has improved consid- back its common stock or paying a priate.” The company also said that, as
from restoring their dividends varies dividend on such shares through at of Oct. 30, its leverage ratio was too
and hinges in part on the sectors in least Sept. 30 of this year, according to high to allow it to pay dividends or
which they operate. Casino resort Zero Yielders a spokesman. buy back stock.
operator Las Vegas Sands (LVS), for These are among the large U.S. companies whose dividends remain Alaska Air Group is working under Another company that hasn’t re-
instance, has been hit hard by the suspended nearly two years into the pandemic. the same capital-return framework. sumed its dividend is General Motors.
Covid-related slowdown in Macau, a Month in 2020 Before the pandemic, the carrier had Speaking at an investor event in Octo-
key market for the company. 1-Yr. of Dividend been boosting its quarterly payout ber, the auto maker’s chief financial
Company / Ticker Price Change Suspension
Airlines, including Southwest, Delta, regularly, the last time in January officer, Paul Jacobson, said that as
and American Airlines Group Alaska Air Group / ALK 11.7% March 2020 to 37.5 cents a share from 35 things stabilize “we’ll have more infor-
(AAL), are prohibited from paying divi- American Airlines Group / AAL 26.8 April cents. The airline’s finance chief, mation about how we’re thinking
dends for a period, due to the require- Boeing / BA 4.5 March Shane Tackett, told analysts during about the dividend.”
ments in the Cares Act, under which Delta Air Lines / DAL 4.6 March
the third-quarter earnings call in Oc- In contrast, GM rival Ford Motor
they received billions in federal aid. tober that “our first priority is making (F) said in October that it would start
Expedia Group / EXPE 27.6 April
And cruise operator Royal Carib- sure we have a stable business, paying a quarterly of 10 cents a
bean Group (RCL), which was shut General Motors / GM 36.6 April enough liquidity on hand to manage share—below the 15 cents a share it
down in the U.S. for 15 months as it Hilton Worldwide Holdings / HLT 34.7 March the ups and downs and to grow the had disbursed before suspending its
burned through hundreds of millions Las Vegas Sands / LVS -31.1 April airline, but shareholder returns are payout in March 2020.
of cash every month before relaunch- Marriott International / MAR 28.4 March also super important to us.” Whether GM will follow suit re-
ing in June, is expected to have posted Disney had been paying a dividend mains up in the air, but the list of
Nordstrom / JWN -32.0 March
its second straight billion-dollar-plus twice a year, most recently 88 cents a companies like Ford that have re-
Royal Caribbean Group / RCL 13.3 May
loss in 2021. That’s hardly a good share in early 2020, until it was sus- stored dividends at lower levels—or
foundation for reinstating a dividend. Southwest Airlines / LUV -3.4 April pended that May amid the Covid hit. whose payouts are now above pre-
With the help of S&P Dow Jones Walt Disney / DIS -11.8 May Asked about its disbursement policy, a pandemic levels—will be covered in a
Indices, Barron’s pulled together a list One-year stock performance as of Jan. 11. Sources: FactSet; Bloomberg Disney spokesman referred to several coming column. B
40 BARRON’S January 17, 2022

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January 17, 2022 BARRON’S 41

THE EC ONOMY
The published consumer price index shows
annual new-vehicle inflation of about 12%.
An experimental index shows it to be about 20%.

Supply Is Struggling.
may seem obvious and inevitable, controls, profiteering, etc., without any
given the amount of fiscal and mone- reference whatsoever to the central
tary support unleashed over the past bank’s monetary stance,” Darda says.
two years, but some combination of The distinction is more than

Demand Is Surging.
faulty predictions, wishful thinking, in principle. Inflationary risks will
and politics has made it unusual to remain elevated until the Fed achieves
hear it suggested that consumer a more neutral policy stance, says
demand is fueling prices. Darda, adding that tightening with the

Inflation Is Staying.
Michael Darda, chief economist and explicit aim of guiding NGDP toward
market strategist at MKM Partners a sustainable 4% to 5% annually
calls it “the Alice in Wonderland would be consistent with a 2% to 3%
monetary debate,” where economists average inflation. In other words, even
are focusing entirely on supply-side if supply chains were to quickly nor-
shocks as a source of inflation and malize, we still have a problem.

T
failing to recognize evidence of For investors interested in the
here is a new re- factor behind broad supply-chain demand-side inflation. weeds, there is evidence of demand-
frain across Wall problems—that isn’t actually improv- driven inflation in plain sight. Con-

S
Street: Inflation is ing. “We continue to see high conges- pecifically, Darda points to sider the Bureau of Labor Statistics’
peaking, so don’t tion at U.S. ports with no major sign nominal gross-domestic-prod- experimental price index for new
sweat the fastest of pullback,” say analysts at Space- uct growth. Driven by changes vehicles, using data purchased from
pace of consumer Know. Container data this month, in real economic activity and analytics company J.D. Power. The
price acceleration meanwhile, suggest that any supply- in prices, he says, NGDP has com- point of the experimental index, says
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

in four decades. But there are reasons chain normalization has halted. That’s pounded at a 14.9% average annual Rob McClelland, former head of price-
to doubt the conventional wisdom. not to mention data showing worsen- rate over the six quarters beginning in index research at the BLS, is to see
Recent purchasing manager indexes By Lisa Beilfuss ing port congestion in China, a dour the third quarter of 2020. Looking at user trends more immediately.
are largely behind the growing as- sign for domestic supplies. just 2021, that rate is 11%. We haven’t Published CPI data show annual
sumptions that pricing pressures are The takeaway? It is premature to seen sustained double-digit NGDP new-vehicle inflation of about 12%,
topping. Nancy Lazar, chief economist expect inflationary pressures to ease growth since the 1970s, when inflation whereas the experimental index
at Cornerstone Macro, says a falling because supply chains are still stressed, was also hot, Darda says. shows an annual rate of about 20%,
spread between the new orders and says Anu Murgai, vice president of “Rapid NGDP growth means easy McClelland says. Why the discrep-
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

production components of the Institute commercial solutions at SpaceKnow. money and demand-side inflation. End ancy? He says the methodology differ-
for Supply Management’s national Now for the rest of the story. Since of story,” he says, explaining that ences mean that rising demand puts
manufacturing survey signals that the inflation started climbing, economists, NGDP is equivalent to money multi- pressure on prices faster in the experi-
demand-supply imbalance is easing. policy makers, and politicians have plied by its velocity and thus a proxy for mental index than in the published
Some economists found evidence of a attributed fast and persistently rising a central bank’s monetary stance. “If we version. Why is it significant? Unlike
peak in the December consumer price prices to pandemic-induced supply recognize this, we can also see the ab- in normal times, when demand falls
index itself, with Aneta Markowska, bottlenecks. But there is evidence that surdity of making inflation pronounce- or shifts as prices increase, demand is
chief economist at Jefferies, noting demand is also driving inflation. That ments about supply-side shocks, price climbing and in a sector that has been
slower service-sector price increases the poster child for supply shortages.
and a steady rate of shelter inflation. There’s more. The so-called
And then came a slip in producer Persistent Port Congestion chained CPI, which accounts for con-
prices from record levels, suggesting Ports, central to the supply chain, remain congested with no sign of improvement sumers’ substitutions in response to
that businesses are feeling less pain price changes, is rising faster than the
and soon consumers will, too. US Port Container Level Index (in square meters) fixed-weight CPI. That unusual dy-
26 mil
While evidence of sputtering infla- namic makes it fair to extrapolate
tion is as welcome as it is compelling, 25 from the experimental vehicle index
data age fast in this pandemic era. 24 and presume that demand—not just
This past week, Barron’s checked in supply shortages—is lifting prices
23
with SpaceKnow, a New York–based across the economy, McClelland says.
company that monitors economies 22 What is the upshot for investors if
around the world from space in near- 21 supply-chain optimism is dated and
real time. The company’s synthetic demand is driving inflation much more
20
aperture radar satellites have night than commonly recognized? Things
vision and see through clouds to scan 19 are going to get worse, and they’ll get
U.S. ports, thousands of logistics cen- 18 better only when the Fed begins to
ters, and major trucking stops. tighten at least as aggressively as now
Daily data gathered from space July 2019 ’20 ’21 ’22 forecast. The central bank is part of the
depict high port congestion—a big Source: FactSet problem it must fix. B
42 BARRON’S January 17, 2022
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

What a view.
We’ve designed two distinct mobile apps so you can use the one that fits your investing style. TD Ameritrade Mobile lets
you keep track of your portfolio at a glance, while thinkorswim® mobile gives you the tools you need to conduct in-depth
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© 2021 Charles Schwab & Co., Inc. All rights reserved.
January 17, 2022 BARRON’S 43

MARKET WEEK
January 10 through January 14, 2022

Euro Trader P. 46 Power Play P. 49


Emerging Markets P. 46 Charting the Market P. 51
Striking Price P. 47 Winners & Losers P. 52
Commodities P. 48 Research Reports P. 53
Inside Scoop P. 49 Market View P. 54
13D Filings P. 49 Statistics P. 55

MARKET PERFORMANCE DASHBOARD

Dow Jones Industrials S&P 500 Nasdaq Composite SPDR


Guest S&P
IndexRetail ETF

35,911.81
52-wk: +16.54% YTD: -1.17% Wkly: -0.88%
4662.85
52-wk: +23.74% YTD: -2.17% Wkly: -0.30%
14,893.75
52-wk: +14.58% YTD: -4.80% Wkly: -0.28%
$83.63
52-wk: +18.02% YTD: -7.38% Wkly: -4.07%

Turn for the Better Down for the Count


2%
Stock indexes bounced back from Bank earnings failed to impress on Friday.
morning losses Monday, led by tech shares. Retail stocks sold off after weaker-than-
The Nasdaq Composite closed in the green expected December sales. Indexes closed 1
after being down as much as 2.7%. down for a second week to start 2022.
0

-1
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

Inflating -2
U.S. consumer prices were up 7% year
Bull Run over year in December, data showed on
-3
Federal Reserve chief Jerome Powell Wednesday—a 39-year-high rate of annual
took questions from the Senate Banking inflation. Stocks saw modest gains.
Committee Tuesday, and sounded bullish -4
on the U.S. economy. Stocks rose.
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

-5

-6
Monday Tuesday Wednesday Thursday Friday
4 Close
Source: Barron’s Statistics

L
et’s call it a dress re- thinking pandemic beneficiaries, fell tighter monetary policy again. “What

THE TRADER hearsal for the funeral.


We’re referring to
the drubbing that tech
12% and lost its spot in the Nasdaq 100.
By now, we all know what’s to
blame for the slide in these tech stocks.
we are likely to see is increased bottom
fishing in tech in the next few days
as it is unlikely the path of rates will
stocks took this past With inflation soaring—December’s increase much more in the coming
week. On the surface, consumer price index rose 7% year weeks,” writes Nordea strategist Sebas-
it wasn’t all that bad. over year—the Federal Reserve has tien Galy. “[The recent selloff] is just

Earnings The Nasdaq Composite fell 0.3%, better


than the Dow Jones Industrial Aver-
orchestrated a massive shift in mone-
tary policy. The federal-funds futures
a preview of what will happen to tech
in a year’s time.”

Season Will age’s 0.9% drop and on par with the


S&P 500’s 0.3% decline.
Yet the pain for the most-expensive
By Ben Levisohn market is pricing in an 86% chance of
a hike at March’s meeting, according to
the CME FedWatch Tool, with at least
That’s a long way off, and now in-
vestors have earnings season to distract
them, at least until the Federal Open
Be More speculative names continued. The
iShares Expanded Tech-Software
two, if not three, more coming over the
rest of the year. That’s bad news for
Market Committee meeting ends on
Jan. 26. It didn’t get off to a great start.
Important Sector exchange-traded fund (ticker:
IGV), which counts Salesforce.com
speculative growth stocks, which are
hit hardest by higher interest rates.
JPMorgan Chase (JPM) sank 6.1% on
Friday, despite beating earnings fore-
Than Ever (CRM) and Oracle (ORCL) among its
biggest holdings, slid 1.6% this past
Yet if rate expectations have peaked
for now, it could mean that tech stocks
casts after it called out rising expenses,
suggesting that perhaps too much good
week, and Peloton Interactive will look attractive once again, if only news had been priced into stocks.
(PTON), once the face of the forward- until investors are forced to readjust to It’s a possibility. December’s retail
44 BARRON’S January 17, 2022 January 17, 2022 BARRON’S 45

sales data, released on Friday, declined 1.9% quarter earnings on Dec. 16. It reported a Industry Action
in December, missing forecasts for a 0.1% profit of $3.20 a share, meeting forecasts, Performance of the Dow Jones U.S. Industrials, ranked by weekly percent change.*
decline. It may be nothing—a temporary but offered guidance for a first-quarter profit
decline caused by the Omicron variant and of $3.35, below estimates for $3.38. The stock
Oil & Gas 4.96%
early holiday shopping. But it also suggests fell 8.5% and has been falling ever since.
that the fourth quarter fizzled out, which Now the stock has a chance to arrest its Telecommunications 0.35
could have an impact on earnings, says Tra- decline. At $520.60 a share, it is sitting near Basic Materials 0.21
cie McMillion, head of global asset allocation its 100-week moving average of about $500. Consumer Goods 0.15
at Wells Fargo Investment Institute. That has served as support for the past nine
Technology 0.12
“Growth might have been a little slower at years, notes Evercore ISI technical analyst
the back end of 2021, so earnings are proba- Rich Ross. And Adobe’s relative strength –0.56 Health Care
bly going to come in a little lighter than they index—a measure of whether a stock is over- –0.76 Financials
otherwise would have,” she says. bought or oversold—fell to 34 early in the
–1.23 Industrials

ENERGY SECTOR OF
Investors better hope earnings hold up. week, its most oversold level since 2011.
While the threat of Fed rate hikes—and the Together, they could combine to push the –1.27 Utilities
rising bond yields that accompany of them— stock higher. –2.08 Consumer Services

THE S&P 500 IN ONE ETF


may be concerning, a disappointing earnings This is the part where we’d like to point
season could be a bigger problem for the out all of the fundamental reasons why Source: S&P Dow Jones Indices

global stock market, writes Tim Hayes, chief Adobe stock looks like a buy. Unfortunately,
global investment strategist at Ned Davis that’s not easy to do. Its earnings were disap-
Research. “[A] broadly disappointing earn- pointing enough to allow doubt to creep in, out. For instance, Jefferies analyst Brent And commodities really do look like they
ings season could lead to a degree of breadth not good for a stock that still trades at 36.7 Thill noted that an unnamed system integra- are in a bull market. Copper prices, for one, Visit www.sectorspdrs.com or call 1-866-SECTOR-ETF
deterioration and selling persistence that times earnings. And Adobe isn’t set to report tor had its best December ever, and contin- rose 0.2% this past week, their fifth gain in
has not been triggered by the bond yield earnings until March 22, so there isn’t much ued to forecast about 20% growth for calen- six weeks, and closed at their highest level
rise,” he explains. to focus on except the trading—and the fact dar-year 2022, faster than the 14% Digital since October, a good sign for the economy An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a
Find More Investment Let’s hope it doesn’t come to that. that an RBC survey showed that it was one
of the most popular shorts.
Experience growth that Adobe forecast. It’s
anecdotal, but it suggests that maybe Adobe
in general and mining stocks in particular.
Higher copper prices should also help
prospectus, which contains this and other information, call 1-866-SECTOR-ETF or visit www.sectorspdrs.com. Read the
prospectus carefully before investing.
All ETFs are subject to risk, including possible loss of principal. Sector ETF products are also subject to sector risks and non-diversification risks, which generally
Adobe’s Last Stand
Opportunities Worldwide Adobe stock has been tanking in recent
Even the bulls seem rather subdued. Af-
ter the miss, Evercore analyst Kirk Materne,
can still turn things around. “ADBE is still a
quality, large-cap growth story,” Thill writes.
miners when they start reporting earnings
this month. Consider Freeport-McMo-
results in greater price fluctuations than the overall stock market. Ordinary brokerage commissions apply.
The S&P 500 is an index of 500 common stocks that is generally considered representative of the U.S. stock market. You cannot invest directly in an index.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

months—and it’s time for it to make a who rates the stock Outperform, noted that Still, we’ll be watching that 100-week Ran (FCX), which reports on Jan. 26. It
ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust.
with GlobalAnalyst stand. If it can’t, long-term investors could
be in for a world of hurt.
Adobe missed on digital-media annualized
recurring revenue, making it easy to argue
moving average. If it breaks, all bets are off. should announce earnings before interest,
taxes, depreciation, and amortization, or
Like many software stocks, Adobe that it either faced heightened pressure from Reasons to Dig Miners Ebitda, of $3.24 billion, above consensus
(ADBE) has had a very tough couple of smaller competitors or that Covid had Investors have been waiting months for forecasts for $3.1 billion, writes RBC ana-
months. Since peaking at $688.37 on Nov. 19, boosted growth in 2020 and 2021, and was mining stocks to regain their mojo. That lyst Sam Crittenden—though higher costs
Find new opportunities to diversify your portfolio the stock has slid 24%, even worse than the unlikely to do so going forward. Yet much time may be at hand. and Covid disruptions could offset some of
and discover undervalued companies that may iShares Expanded Tech-Software Sector of the guidance miss was due to a stronger On the surface, the SPDR S&P Metals the price gains.
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

have greater growth potential. ETF’s (IGV) 19% drop over the same period. dollar and an extra week, not any meaning- & Mining ETF (XME) had a great 2021. It The big risk comes from China. The
Some of the decline is simply a result of ful slowdown, Materne writes, though he returned 35% last year, outperforming the world’s second-largest economy is sputter-
shifting sentiment—the prospect of rate acknowledged that the stock could face SPDR S&P 500 ETF (SPY) by six percent- ing, thanks to continued Covid lockdowns
hikes has a way of making investors recon- some tough times, at least in the near term. age points. But nearly all of the gains came and general malaise. But Chinese policy

Manage Your Barron’s


GlobalAnalyst lets you compare the relative sider stocks with high valuations—but “Until the business gets back into beat/raise during the first four months or so of 2021. makers are starting to take action—the
value of global stocks by region, country, Adobe’s pain has been well earned. mode, we expect the shares are likely to re- From its peak at $47.49 on June 1 through People’s Bank of China released $188 billion
industry or individually. While the stock had a stellar run after
the pandemic—more than doubling off its
main in a bit of a trading range,” he wrote.
Investors won’t get any real answers until
the end of 2021, the price of the SPDR S&P
Metals & Mining ETF fell 5.7%.
of reserves into the banking system last
month—and a recovery could begin in the Account Online
March 2020 low—shares had already Adobe reports earnings in March, but that This year has started off with a bang, too. first or second quarter of the year, writes
peaked when Adobe released fiscal-fourth- hasn’t stopped them from trying to game it Concerns about inflation, which hit a nearly Jefferies analyst Chris LaFemina. “We be-
40-year high in December, and tighter mon- lieve most mining shares will perform well Update your account details any time.
etary policy have pushed investors out of over the next year,” he concludes. It’s quick and easy.
growth stocks and into value, and mining Freeport, at $44.08 a share, could be a big
Vital Signs stocks have been among the beneficiaries. winner. While it is likely to beat earnings
Friday's Week's Week's Friday's Week's Week's
• Place delivery holds
Close Change % Chg. Close Change % Chg. The Metals & Mining ETF has gained 5% and Ebitda estimates, it trades at just 9.8 • Change an address
DJ Industrials 35911.81 -319.85 -0.88 Barron's Future Focus 1026.25 -8.81 -0.85 during the first two weeks of 2022 to $46.98, times 12-month forward earnings, well be-
Learn more and try GlobalAnalyst • Report an issue
DJ Transportation 15904.96 -363.81 -2.24 Barron's Next 50 3064.54 -76.38 -2.43 near its previous highs. low its five-year average of 14.4 times. But
DJ Utilities 953.07 -15.03 -1.55 Barron's 400 1075.25 -5.71 -0.53
Now the stocks just need to head higher. more than that, it has gone from being cash- • Update your payment information
DJ 65 Stocks 12015.33 -164.98 -1.35 Last Week Week Earlier
They certainly have momentum. V22 market strapped to having a solid balance sheet. • Reset your password and more
ibkr.com/opportunity DJ US Market
NYSE Comp.
1150.64
17219.06
-4.98
+52.78
-0.43
+0.31
NYSE Advances
Declines
1,704
1,847
1,489
2,084 technician John Roque notes that of the 15 That has allowed Freeport to plan for a
NYSE Amer Comp. 3653.65 +101.08 +2.85 Unchanged 107 75 stocks and ETFs that he follows, just one, 30-cent variable dividend per share on top
S&P 500 4662.85 -14.18 -0.30 New Highs 253 301 Rio Tinto (RIO), has a neutral technical of its regular dividend of 30 cents and to buy Explore now at customercenter.barrons.com
S&P MidCap 2782.64 -10.50 -0.38 New Lows 349 276
Member - NYSE, FINRA, SIPC - The projections or other information generated by Interactive Brokers’ score, while 14 rate Good/Strong. None has a back $3 billion in shares—and still have
GlobalAnalyst tool regarding the likelihood of various investment outcomes are hypothetical in nature, S&P SmallCap 1388.27 +3.83 +0.28 Av Daily Vol (mil) 4,246.8 4,387.8
Nasdaq 14893.75 -42.15 -0.28 Dollar (Finex spot index) 95.15 95.72
weak score. “The message here is consistent enough cash left for mine maintenance,
do not reflect actual investment results and are not guarantees of future results. Please note that results
may vary with use of the tool over time. IMPORTANT: Corporate data is provided by third-parties, and Value Line (arith.) 9821.25 -6.09 -0.06 T-Bond (CBT nearby futures) 155-11 155-04 with our theme of focusing on commodity- growth, and a solid balance sheet.
Interactive Brokers makes no warranties as to the accuracy of that data. You should do your own due Russell 2000 2162.46 -17.35 -0.80 Crude Oil (NYM light sweet crude) 83.82 78.90 related equities because if we’re not focusing Vertical Research Partners’ Michael
diligence prior to relying on any such data displayed in GlobalAnalyst. 11-IB21-1504 DJ US TSM Float 47316.14 -212.14 -0.45 Inflation KR-CRB (Futures Price Index) 245.43 237.90 on them in a commodity bull market, when Dudas calls it one of his preferred stocks. © 2022 Dow Jones & Co., Inc. All rights reserved. 2E7838
Gold (CMX nearby futures) 1816.50 1797.00
would we?” Roque asks rhetorically. It’s one of ours, too. B
46 * BARRON’S January 17, 2022

EUROPEAN TRADER E M E R G I N G M A R K E TS
Buybacks, Dividend Will Russia’s Stocks and
Help Boost Shell Stock Currency Take Big Hits
By Rupert Steiner remaining high for some time. By Craig Mellow ing up with inflation while others pro-
Shell is unique in having three separate crastinate. Real bond yields could reach

A R
ctivist shareholder Third Point franchise businesses—and each is market- ussia is a screaming buy, if you 3% as inflation subsides later this year,
argues that Royal Dutch Shell leading, wrote Biraj Borkhataria, an forget about the little business Hurd predicts. “Political risk aside, Rus-
would be worth more if the analyst at RBC Capital Markets, in a note. with Ukraine. sia is clearly the best play this year in
European oil company were It has the world’s biggest network of ser- The VanEck Russia emerging markets,” he says.
broken up. vice stations—46,000, and is expanding exchange-traded fund (ticker: RSX) has The Kremlin has muscled state compa-
But if the business remains whole, two to 55,000 by 2025. Its exploration arm, plunged by a quarter from a late-October nies into raising dividend payouts in
key factors could enhance its value—the which extracts oil and gas in deep waters, peak. The ruble is off more than 8% recent years, and private firms have fol-
promise to return 20% to 30% of its cash accounts for 30% of Shell’s upstream against the dollar. Oil prices, which lowed suit, says Vyacheslav Smolyaninov,
flow from operations to shareholders in volumes, which Borkhataria estimates usually drive Russian assets, are about chief strategist at BCS in Moscow.
dividends and buybacks through 2025, is worth more than $68 billion. He also even over that period. State-owned natural-gas giant
and its shift to low-carbon energy. places a $80 billion price tag on Shell’s Underperformance continued this Gazprom (GAZP.Russia), for instance,
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

This is in addition to Shell’s (ticker: liquid-natural-gas operations. week as Russian-Western diplomatic is trading at a price/earnings ratio of
RDSA.UK) plans for $7 billion of the $9.5 Borkhataria estimates the stock to rise talks ended without visible progress. three, with a 2022 dividend yield of 14%.
billion in proceeds from the sale of its 46%, to £25. Shell generates high free cash Russian stocks bounced, then sank back. Average yield across the market is above
Permian Basin oilfield to ConocoPhillips flow yet trades at a substantial discount to Brent oil jumped 3%. 10%. “On valuation, Russia looks amaz-
(COP) to be returned to shareholders. its peers, he says. But an agreement to jaw further is a ingly fantastic,” he says.
Jason Kenney, an analyst at Santander, In October, Third Point disclosed a bullish signal, given Russia’s downtrod- Saldanha’s top Russian pick is pri-
tells Barron’s that investors recognize large stake and said in a letter that the den valuations, says Christopher Gran- vate oil producer Lukoil (LKOD.UK),
Shell’s “concerted efforts to restore its rep- company should consider separating, with ville, head of global political research for which he calculates would be a “good
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

utation as a cash provider, and its energy one business focused on oil and gas, and independent analyst TS Lombard. long-term investment” with oil at $45 a
transformation.” He has a Buy rating on the other delving into renewables. “There’s an upside skew to the risk,” he barrel (it’s now around $85). “Russia is
the stock. Shell yields 3.9% after a sharp Shell has a market value of £132 billion, says. “I would be buying on weakness.” an anomaly in today’s markets, with
dividend cut in 2020. and is one of Europe’s largest businesses, Markets overestimate how much the quality assets trading attractively,” he
Shell’s transition to investing in low- employing 87,000 workers. It fetches 7.5 latest crisis can affect Russia’s raw- says.
carbon solutions is key to its future times this year’s expected earnings and materials exporters, which are minting TS Lombard’s Granville advises expo-
growth. In October, it set a target of halv- is valued in line with its peers. enormous profits at current prices, sure to Russia through the currency,
ing the carbon emissions it produces by Late last year, Shell said it plans to col- enthusiasts argue. which is near a postpandemic low at 76
2030 compared with its 2016 levels. lapse its dual-share structure in favor of a “The market prices odds of a Ukraine rubles to the dollar. “Fair value for the
“The next strategic challenge is about single class of shares, and shift its tax resi- invasion at 50-50. We see it more like ruble would be 55 to 60. At a stable level
scaling up transition energy (low- and dence from the Netherlands to the United 35%,” says Aaron Hurd, senior currency of geopolitical risk, it’s around 70,” he
no-carbon) value chains—and driving Kingdom, where it is incorporated. It will portfolio manager at State Street Global estimates.
strategy to deliver cash from less oil/gas also drop Royal Dutch from its name in Advisors. Granville sees a possible off-ramp
and more low- and no-carbon energy, with late January. Shares will stay listed in Even if President Vladimir Putin’s from Moscow–North Atlantic Treaty
customer service supports, too,” Kenney London, Amsterdam, and New York. tanks do roll south, the West will proba- Organization confrontation in updating
wrote in an email. At a third-quarter earnings news con- bly hold back on the most radical eco- the Conventional Forces in Europe
Shell’s shares, along with many of its ference in October, CEO Ben van Beurden nomic sanction—cutting Russia off from Treaty, a 1990 pact detailing where
peers, have been more than halved since said Shell’s strategy is “very well under- the Swift system of global bank transfers, armies and ordnance can be deployed
the beginning of the pandemic in January stood by the large majority of our share- says Conrad Saldanha, head of emerging on both sides of the old Iron Curtain.
2020. The stock is at a recent 17.18 pounds holders.” Shell posted a pre-tax loss of $27 markets strategies at Neuberger Berman. Few would bet the farm on that result.
sterling ($23.36), a 24% climb in the past billion for 2020 on sales of $180 billion, “That would do more damage to the Yet Russian stocks have held up through
12 months, just behind Exxon Mobil compared with a $25 billion pre-tax profit global economy than Russia,” he says. past political turmoil. The VanEck Russia
(XOM), up 54% over the same time period, in 2019 on $344 billion in revenue. “It’s illogical, given where commodity ETF has gained 74% since January 2015,
and BP (BP.UK), up 30%. In a fourth-quarter update on Jan. 7, prices are now.” when the West was clamping on sanc-
This could be a buying opportunity. Shell said trading from its integrated gas Moscow has also emerged as a model tions from Putin’s first invasions of
Royal Dutch Shell is one of Barron’s top business is likely to be “significantly of macroeconomic, if not geopolitical, Ukraine. Global emerging markets are
stock picks for 2022, in part because it higher” compared with the previous virtue. Its central bank has doubled inter- up 30%.
will benefit with supplies tight and prices quarter. B est rates over the past year to 8.5%, keep- Something to think about. B
January 17, 2022 BARRON’S 47

T H E ST RIKING PRI C E
By selling bullish call options on favorite stocks
that are coming under pressure from rising rates,
investors can enhance the yield on their stocks.

The Best Options Strategy Equity Options

For a Changing Market CBOE VOLATILITY INDEX


VIX Close VIX Futures

40
THE EQUITY-ONLY PUT-CALL RATIO
Put-Call Ratio S&P 500 Index

115

35

30 90
By Steven M. Sears stocks strengthen and advance.
25
So far, the rotations seem to be largely

W
e are about to see just how in attributable to institutional investors who 20 65
love investors have become reason that the discounted cash-flow models
15
with their stocks over the used to value stocks mean that highflying
past 20 years. technology stocks are suddenly worth less. F M A M J J A S O N D J 10 F M A M J J A S O N D J 40
The onset of earnings season, coupled In essence, the future value of cash flows Daily Values Source: CBOE Source: McMillan Analysis Corp.
with the looming reality that the Federal is worth less if rates are higher. Almost no
Reserve will raise interest rates from his- one outside of the securities industry thinks SPX SKEW NDX SKEW
torically low levels, means that many stocks or talks about discounted cash-flow models, Implied volatility % Implied volatility %

that have done well for a long time could which probably means that there will be 16% 13%
struggle under the new realities. hard lessons for people to learn after de-
15 12
To help handle whatever comes next, cades of seeing stocks reliably go up.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

investors can think about using a simple Mini-crises are likely to erupt in millions 14
11
options-trading strategy to offset potentially of portfolios as investors confront the end of 13
stalled or sputtering stock prices that per- historically low interest rates that have long 10
12
formed well in the past but might not thrive kept stock prices aloft. 9
11
in the new market environment. Many stocks—especially technology
By selling bullish call options on favorite stocks that have long led the broad market 10 8

stocks that are coming under pressure as the ever higher—may no longer behave as they 9 7
F M A M J J A S O N D J F M A M J J A S O N D J
so-called Fed put nears expiration, investors have in the past. Investors will probably be Source: Credit Suisse Equity Derivatives Strategy Source: Credit Suisse Equity Derivatives Strategy
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

can enhance the yield on their stocks. loath to sell stocks that have performed so Skew indicates whether the options market expects a stock-market advance or decline. It measures the difference
The strategy is simple. Sell calls that well, even if they manage to deploy money between the implied volatility of puts and calls that are 10% out of the money and expire in three months. Higher
readings are bearish.
expire in a month or less, with strike into the new hot sectors, including financials
prices about 10% to 15% above the stock and cyclicals. Week's Most Active
price. If the stock price remains below the There’s no doubt the stock market is in Company Symbol Tot Vol Calls Puts Avg Tot Vol IV %ile Ratio
strike price, investors can keep the options flux. Investors are debating what may hap- Olink OLK 17233 8715 8518 156 93 110.5
premium. pen once the Fed raises rates or provides Pluristem Therapeutics PSTI 14560 13866 694 540 86 27.0
This covered-call strategy pays investors greater clarity. Rather than guessing what April APR 5173 2150 3023 220 6 23.5
Prudhoe Bay Royalty Trust BPT 24151 19015 5136 1120 11 21.6
to be long-term investors—with one key will happen, develop a plan and be ready to Noodles & Co. NDLS 5883 5793 90 288 54 20.4
twist: If the stock price is above the strike react to concrete news rather than just spec- Accolade Corp. ACCD 15233 9754 5479 804 69 18.9
price at expiration, investors must sell the ulation about the future. Hudson Pacitic Properties HPP 3185 3033 152 192 48 16.6

stock, or buy the call back at a loss, or roll Some investors won’t want to pay taxes Steven Madden SHOO 5800 5640 160 356 47 16.3
8x8 EGHT 25515 13278 12237 1720 67 14.8
to another monthly expiration date. on unrealized gains. Others will contend OppFi OPFI 63179 61049 2130 4484 95 14.1
At this moment, nothing yet needs to be that the broad market, and their favorite Take-Two Interactive TTWO 167681 97519 70162 13128 83 12.8
done, but investors need to start thinking of stocks, will soon stabilize once monetary Charter Communications CHTR 71656 30801 40855 6552 87 10.9
KB Home KBH 144519 96088 48431 13576 40 10.6
new ways of handling their old stocks as policy normalizes.
Playstudios MYPS 11196 11086 110 1132 85 9.9
the market mob braces itself for higher in- Everyone could be partially right and Zynga ZNGA 877053 647063 229990 100376 11 8.7
terest rates. wrong, and there is little to be gained by PNC Fin'l Services PNC 98632 92685 5947 12132 44 8.1
We continue to believe that it makes trying to guess the outcome. Instead, if you Cardiff Oncology CRDF 15365 14586 779 1948 69 7.9
Jeffries Financial JEF 34723 14912 19811 4672 21 7.4
sense to wait for the Fed to conclude its two- have stocks that might get banged around, BARK BARK 51221 39343 11878 7252 79 7.1
day meeting on Jan. 26. The meeting should or that have sputtered in recent weeks, con- Dish Network DISH 128331 113195 15136 18148 44 7.1
introduce critical information, or confirma- sider using the covered-call strategy. B This table of the most active options this week, as compared to average weekly activity – not just raw volume. The idea is that the
tion of expectations, into the market. 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
In anticipation, investors are rerating Steven M. Sears is the president and chief oper- 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
stocks that have price/earnings multiples ating officer of Options Solutions, a specialized should be aware of these increased risks if trading in these names
higher than the S&P 500 index. These so- asset-management firm. Neither he nor the firm Ratio is the Tot Vol divided by Avg Tot Vol. IV %ile is how expensive the options are on a scale from 0 to 100.
called growth stocks are often under pres- has a position in the options or underlying securi- Source: McMillan Analysis

sure, or declining, while cheaper value ties mentioned in this column.


48 BARRON’S January 17, 2022

COMMODITIES
Russia-Ukraine Conflict
Where the Could Disrupt Natural Gas
industry’s most By Myra P. Saefong their five-year average, he says, and have

ambitious set
been volatile in recent months.

T
ensions between Russia and February Dutch TTF gas futures traded
Ukraine are on the rise, and at 83.50 euros ($95.65) per megawatt-hour
traders have yet to fully recog- on Jan. 14. Prices for the contract recently

the pace for


nize the risks a conflict would peaked at close to €180 in December but
pose to the commodities market, particu- were about €17.94 a year ago. Platts Analyt-
larly natural gas, wheat, and corn. ics expects flows through Ukraine to con-
A potential conflict could raise the pos- tinue and that prices will come off signifi-

its future. sibility of disruptions to commodity flows,


says Warren Patterson, head of commodi-
ties strategy at ING. The U.S. and Euro-
pean Union may also react in the event of a
cantly after Nord Stream 2 is certified in the
third quarter of this year, says Huckstepp.
But the recent rise in tensions at the
Ukrainian border puts the pipeline at risk
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

conflict, leading to sanctions against Rus- of further delay or outright cancellation,


sia that could have an “impact on the sup- which would lead to “extreme prices and
Join Barron’s Advisor and unlock leading-edge ply of a number of commodities to world volatility continuing into 2023,” he says. To
tools, insights, and connections designed to markets,” he says—and none of these fac- gauge the risk to future Russian flows, trad-
help you craft the future of your business. tors are priced into the market. ers need to watch not only what happens in
Negotiators from the U.S. and Russia Russia, Ukraine, and Europe, but also
recently held talks on tensions over Washington, where renewed sanctions on
Features include: Ukraine amid Russia’s military buildup Nord Stream 2 remain on the table, he says.
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

— Real-time market insights along its border. The discussions showed Oil is also a key concern given that Rus-
little progress, and tensions have intensi- sia produces close to 11 million barrels per
— Stories written specifically for advisors
fied. The U.S. and its allies have looked at day. A potential conflict between Russia
— Interviews with top advisors and economic sanctions on Russia if Moscow and Ukraine could also leave wheat and
industry standouts sends troops across the Ukrainian border. corn markets vulnerable, since both are
Natural gas is among the commodities significant suppliers of these commodities,
— Custom benchmarking tools to most likely to see an impact should the situ- says ING’s Patterson.
measure your practice against peers ation intensify, says Patterson. “Ukraine is Ukraine is expected to export over 24
an important transit route for Russian flows million metric tons of wheat in the current
— Access to exclusive
to Europe” and Russia is a key supplier of marketing year, accounting for almost 12%
webinars and live events natural gas to the EU, meeting almost 50% of total global exports, says Peter Meyer,
of the region’s import demand, he says. head of grain and oilseeds analytics at S&P
Find out more at Natural-gas prices last year spiked as Global Platts. The country’s corn exports are
higher global demand from hot summer expected to reach 32.5 million metric tons,
Barrons.com/Advisor weather and lower energy output from or almost 16% of global exports, he says.
wind turbines contributed to a sharp Corn and wheat prices rallied in the
drawdown in supplies of the fuel. spring of 2014, when Russia invaded Cri-
Europe is reliant upon Russian gas mea, Meyer says. Ukraine’s market share
transiting through Ukraine, and particu- of global corn exports has remained about
larly so given 2022 has started with re- the same as it was eight years ago. How-
cord-low European gas stocks, with Ger- ever, total corn exports are up 62.5% since
many yet to approve or certify flows then, he says, and its wheat export market
through “Russia’s alternative route,” the share has also nearly doubled.
now-complete Nord Stream 2 pipeline, “Any disruption at Black Sea ports
says James Huckstepp, manager of EMEA could prove to be a market mover should
gas analytics at S&P Global Platts. Front- the conflict escalate,” Meyer says, but for
month European natural-gas benchmark now, “it’s business as usual despite rising
© 2021 Barron’s Group & Dow Jones & Company, Inc. All rights reserved. 2E253
TTF prices trade at more than four times tensions.” B
January 17, 2022 BARRON’S 49

I N S I DE SC OOP
ing to an earlier filing. Legion Part- POWER PLAY
ners remains NN’s second-largest

A Huntsman
shareholder, according to S&P Cap-
ital IQ.

Absolute Software (ABST)


Edenbrook Capital raised its
Proxy Fight
Adobe Stock Has Slipped.
investment in the software firm to
4,552,833 shares, a stake of 9.17%.
Edenbrook bought 550,105 addi-
tional Absolute Software shares
from Nov. 18, 2021, through Jan.
Is Looming
A Director Bought Shares. 10, 2022, for a total of $4.91 mil-
lion, a per-share average price of By CARLETON ENGLISH

S
$8.93. Edenbrook remains Abso-
lute Software’s second-largest tarboard Value is turning
shareholder. up the heat on Texas-
By ED LIN Commission, Desmond now owns based chemical company

A
28,979 Adobe shares. Huntsman.
dobe stock has been slip-
ping in the new year, but
Desmond didn’t respond to a re-
quest for comment made with Eagle Decreases in The activist hedge
fund nominated four
director Laura Desmond
scooped up shares of the
maker of creative soft-
Vista Partners, a strategic advisory
and investment firm she founded and
where she serves as CEO.
Adobe stock has
underperformed
the market, and
Holdings members to Huntsman’s
(ticker: HUN) 14-person board after
claiming the company took steps
ware, including Photo- For Desmond, an Adobe director director Laura Callon Petroleum (CPE) “to disenfranchise stockholders.”
shop and Acrobat. since 2012, this was her first open- Desmond made Blackstone (BX), through affiliate Starboard also claimed the com-
Adobe (ticker: ADBE) underper- market purchase of the stock. It was her first open- BPP Energy Partners, trimmed its pany “reactively added” board
formed in 2021, rising 13.4% while the also the first Adobe insider stock pur- market purchase position in the oil-and-gas explorer members, and also shortened the
S&P 500 index was up 27%. Inves- chase since December 2018. of the software to 8,647,934 shares. On Jan. 4, BPP director-nomination window.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

tors were disappointed with Adobe’s Credit Suisse analyst Phil Winslow maker’s shares. Energy Partners sold 193,605 Cal- Starboard also accused Hunst-
recurring revenue in September, and in December pared Adobe’s estimates, lon Petroleum shares at prices man of refusing to use a universal
poor guidance in the middle of De- trimmed the target price to $625 from ranging from $55 to $55.71 apiece. ballot for the coming shareholder
cember sent shares tumbling. Ana- $700, and kept a Neutral rating. “Al- Following those sales, Blackstone meeting. Such a ballot lists all can-
lysts haven’t been bullish in 2022, and though we are impressed by Adobe’s holds 14.1% of Callon Petroleum’s didates in a contested election,
shares are down 9% so far this year successful transition to subscrip- tradable stock. The above figures rather than two sets of ballots of
while the index has slipped 3%. tion...and its ability to increase its to- don’t include 2,587,298 Callon Pe- rival slates. The Securities and Ex-
Desmond paid $500,000 over Jan. tal addressable market through strate- troleum shares held in escrow for change Commission’s rule change
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

6 and 7 for a total of 973 Adobe gic acquisitions, we believe that the the benefit of Blackstone. Those to require universal ballots applies
shares, at an average price per share of stock’s current valuation reflects these shares were escrowed as part of to contested elections held after
$513.64. According to a form she filed positives,” Winslow wrote in a re- Callon Petroleum’s $788 million Aug. 31, 2022—after Huntsman’s
with the Securities and Exchange search report. acquisition of Blackstone-backed meeting, set for March 25.
Primexx Energy Partners that Huntsman swiftly countered
closed in October 2021. Half of Starboard’s allegations in a state-
those escrowed Callon Petroleum ment on Wednesday, claiming the
shares are expected to be distrib- hedge fund is waging an “unneces-

Activist Holdings Increases in uted to Blackstone in April 2022.


The second half will be released in
sary proxy contest” in the hopes of
getting its “handpicked” directors

Holdings
Janus Henderson Group
(JHG) These disclosures are
October 2022.

iTeos Therapeutics (ITOS)


on the board. Huntsman also ac-
cused Starboard of “unconstructive
responses” as the two sides dis-
from 13Ds filed with
Trian Fund Management dis- NN (NNBR) the Securities and Boxer Capital reported holdings cussed board refreshment.
closed a 16.7% stake in the invest- Legion Partners Asset Manage- Exchange Commission. of 3,726,024 shares in the immuno- Starboard and Huntsman de-
13Ds are filed within
ment-services firm, equal to ment disclosed an increased stake in 10 days of an entity’s
oncology firm, inclusive of 8,765 clined additional comment.
28,272,648 shares, unchanged from the maker of high-precision compo- attaining more than shares that underlie exercisable Starboard revealed an 8% stake
Trian Fund’s December 2021 dis- nents. As of Jan. 11, Legion Partners’ 5% in any class of a options. Over Jan. 3 and 4, Boxer in Huntsman in September.
company’s securities.
closure. Trian Fund revealed that it overall investment in NN was Subsequent changes Capital and affiliate MVA Investors Curiously, Starboard’s early days
continues to engage Janus Hender- 4,299,151 shares, a stake of 9.94%. The in holdings or inten- sold a combined 700,000 iTeos at Huntsman appeared amicable.
son “regarding various strategic holdings include 225,000 shares un- tions must be re- Therapeutics shares at prices rang- Even in their latest missives, both
ported in amended
and operational initiatives.” Part of derlying certain warrants. That means filings. This material is ing from $41.48 to $50.63 per share. sides said they’re in agreement over
those discussions involved the ad- that Legion Partners increased its NN from Jan. 6 through No reason was given for the fresh Huntsman’s financial targets and
Jan. 12, 2022. Source:
dition of Trian Fund appointees to investment by 175,869 shares since InsiderScore.com
divestment that leaves Boxer Capi- strategic initiatives.
Janus Henderson’s board, as well as Oct. 20, 2020, when it owned tal with a nearly 10.6% interest in Board members, however, re-
“other proposed candidates.” 4,123,282 shares, a 9.6% stake, accord- iTeos Therapeutics. main a point of contention. Both
sides have a little more than two
months to come to an agreement. B
50 BARRON’S January 17, 2022

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Brian McClure
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January 17, 2022 BARRON’S 51

Charting the Market


A graphic look at selected stock activity for the week ended January 14, 2022 n Edited by Bill Alpert
LAS VEGAS SANDS ILLUMINA MODERNA BIOGEN
LVS (NYSE) • 42.99 • 5.09 46 ILMN (NASD) • 405.14 • 34.78 432 MRNA (NASD) • 204.73 • -9.13 246 BIIB (NASD) • 239.30 • 6.70 247
 Relief rallied the shares— 43  The gene sequencer 409  The U.S. Supreme Court 234  Medicare’s overseers rec- 239
and those of rival casino op- 40 raised its growth forecast 386 blocked the Biden adminis- 222 ommended that the program 231
erators Wynn and Melco Re- 37 for 2022, as healthcare pro- 363 tration’s Covid vaccine man- 210 only cover Biogen’s Alzhei- 223
sorts—as new rules 34 viders use genetic profiles 340 date—and knocked the 198 mer’s drug Aduhelm for pa- 215
announced by Macau regula- M T W T F in treating cancer, pregnant M T W T F stocks of Modrna, Novavax, M T W T F tients enrolled in clinical tri- M T W T F

tors were milder than feared. moms, and inherited disease. and BioNTech. als.Lilly has a drug, too.
Stock Price $ Stock Price $ Stock Price $ Stock Price $
68 560 500 475
61 515 420 423
54 470 340 371
47 425 260 319
40 380 180 267
33 335 100 215

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


130 10 230 46
65 5 115 23
0 0 0 0
J F M A M J J A S O N D J J F M A M J J A S O N D J J F M A M J J A S O N D J J F M A M J J A S O N D J

ZYNGA TAKE-TWO INTERACTIVE SOFTWARE TAIWAN SEMICONDUCTOR VIRGIN GALACTIC HOLDINGS


ZNGA (NASD) • 8.96 • 2.96 9.25 TTWO (NASD) • 152.58 •-12.02 155 TSM (NYSE) • 140.66 • 17.16 146 SPCE (NYSE) • 10.14 • -2.31 13

 Videogame leader Take- 9.00  Traders weren’t sure how 150  Amid worldwide chip 140  To build out its space- 12
Two will buy Zynga, for 8.75 grand a steal Take-Two is 145 shortages, the semiconduc- 134 tourism business, the com- 11
$9.86 a share, to get mobile 8.50 getting with its deal for 140 tor maker said it will spend 128 pany said it will raise as 10
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

games like FarmVille. Mo- 8.25 Zynga—worth $12.7 billion 135 over $40 billion to expand 122 much as $500 million in con- 9
M T W T F M T W T F M T W T F M T W T F
bile will go from 10%, to in cash and stock. Analysts production capacity. Last vertible debt, which could
50% of Take-Two’s revenue. rallied behind the deal. quarter’s sales jumped 24%. later dilute shareholders.
Stock Price $ Stock Price $ Stock Price $ Stock Price $
14 225 150 68
12 207 140 56
10 189 130 44
8 171 120 32
6 153 110 20
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

4 135 100 8

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


666 28 122 418
333 14 61 209
0 0 0 0
J F M A M J J A S O N D J J F M A M J J A S O N D J J F M A M J J A S O N D J J F M A M J J A S O N D J

KB HOME TILRAY BRANDS VIR BIOTECHNOLOGY BOSTON BEER


KBH (NYSE) • 49.04 • 9.28 54 TLRY (NASD) • 6.86 • 0.44 8.0 VIR (NASD) • 38.70 • 5.07 43 SAM (NYSE) • 449.33 • -67.55 520
 The home builder said 50  An oversupplied Canadian 7.5  The U.S. government will 40  The Sam Adams beer 495
sales may grow 30% this 46 market hurt the company’s 7.0 buy an additional 600,000 37 brewer says bad seltzer 470
year, with high gross profits. 42 sales, but a 2021 merger 6.5 doses of the company’s anti- 34 sales may leave 2021 EPS 445
It reported November-quar- 38
added 20% to November- 6.0
body treatment for Covid-19 31
between a $1 a share loss 420
ter EPS of $1.91 a share— M T W T F quarter revenue. European M T W T F patients, sold in partnership M T W T F and a $1 profit. Prior EPS M T W T F
ahead of the $1.77 forecast. weed markets beckon. with GlaxoSmithKline. guidance was for $2 to $6.
Stock Price $ Stock Price $ Stock Price $ Stock Price $
58 70 150 1400
53 57 125 1200
48 44 100 1000
43 31 75 800
38 18 50 600
33 5 25 400

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


34 710 36 6
17 355 18 3
0 0 0 0
J F M A M J J A S O N D J J F M A M J J A S O N D J J F M A M J J A S O N D J J F M A M J J A S O N D J

The charts record the net change in share price, the high, low and closing trades, and share volume for companies with noteworthy stock activity last week. In addition, the graphs depict last week’s daily price activity in detail. The
dotted line on some graphs denotes the stock’s 200-day moving average; lack of a moving average means the shares have traded for less than that time period.
52 BARRON’S January 17, 2022

Winners and Losers


NYSE BIGGEST % MOVERS NYSE MOST ACTIVE NYSE AMERICAN MOST ACTIVE NASDAQ MOST ACTIVE
Winners Volume Percentage Leaders Volume Percentage Leaders Volume Percentage Leaders
Name (Sym) Volume Close Change %Chg. Name (Sym) Volume %Chg. Close Change Name (Sym) Volume %Chg. Close Change Name (Sym) Volume %Chg. Close Change
Sonendo(SONX) 1321 8.17 +2.54 +45.1 WilliamsRowland(WRAC) 1059 780.2 9.91 +0.01 ViveonHealth(VHAQ) 3453 942.3 10.05 +0.00 Dave(DAVE) 16329 2009.0 6.09 +0.27
FathomDigital(FATH) 13496 7.89 +2.24 +39.6 KenonHoldings(KEN) 391 558.7 55.10 +3.52 DeltaApparel(DLA) 190 123.1 32.12 +2.60 BlackDiamond(BDTX) 21351 1681.9 4.24 –0.86
AMTD Intl(HKIB) 184 4.20 +0.93 +28.4 FathomDigital(FATH) 13496 550.5 7.89 +2.24 AdaraAcqnA(ADRA) 230 97.2 9.81 0.00 MolecularPtrs(MOLN) 1757 1459.7 31.89 +15.38
BlueApron(APRN) 4848 7.98 +1.60 +25.1 EroCopper(ERO) 691 529.4 12.97 –1.44 CheniereEnerPtrs(CQP) 1281 65.9 46.75 +2.21 TelaBio(TELA) 597 1188.7 12.00 –0.30
KB Home(KBH) 32730 49.04 +9.28 +23.3 Colonnade II A(CLAA) 808 509.7 9.70 –0.04 inTEST(INTT) 740 56.9 12.88 +1.16 PDLCommBncp(PDLB) 239 801.3 15.39 +0.52
NaborsIndustries(NBR) 811 115.02 +20.26 +21.4 M3-Brigade II A(MBAC) 2899 496.7 9.95 +0.01 AeroCentury(ACY) 5529 49.8 9.91 +0.31 Apria(APR) 13729 794.5 37.30 +7.58
W&T Offshore(WTI) 15795 4.39 +0.76 +20.9 FlexLNG(FLNG) 4595 460.7 24.90 +3.01 BlueRidgeBkshs(BRBS) 361 42.1 17.88 –0.27 MarlinBusSvcs(MRLN) 1191 709.9 23.50 +0.11
ATI PhysTherapy(ATIP) 22082 3.75 +0.64 +20.6 VoceraComm(VCRA) 15063 459.6 78.96 –0.21 Myomo(MYO) 318 28.1 8.51 +1.38 Zynga(ZNGA) 665842 543.0 8.96 +2.96
EQ Health A(EQHA) 517 454.2 9.71 0.00 Renovacor(RCOR) 221 27.0 7.81 –0.08 SpindletopHlth(SHCA) 1201 498.7 9.92 –0.01
Losers KB Home(KBH) 32730 439.2 49.04 +9.28 EVI Industries(EVI) 136 26.1 25.85 –4.15 LawsonProducts(LAWS) 359 434.7 46.55 –2.59
Name (Sym) Volume Close Change %Chg. GoGreenInvtsA(GOGN) 381 428.4 9.91 +0.02 BarHarborBkshs(BHB) 127 25.3 31.41 +0.18 Abcam(ABCM) 2888 398.4 17.84 –3.12
BensonHill(BHIL) 3524 4.25 –2.39 –36.0 GSquaredIIA(GSQB) 380 403.0 9.83 +0.03 Chase(CCF) 93 11.9 95.65 –3.25 MeliKaszek(MEKA) 1975 398.4 10.15 –0.84
BirdGlobal(BRDS) 4164 3.85 –1.95 –33.6 YellowstoneAcqnA(YSAC) 1834 386.1 10.18 –0.01 FriedmanInds(FRD) 142 10.3 11.60 +0.80 VirginOrbit(VORB) 18652 384.9 8.55 +0.49
Gelesis(GLS) 2826 6.53 –3.20 –32.9 FastAcqnII A(FZT) 496 381.8 9.70 –0.03 NovaGoldRscs(NG) 5006 9.2 6.57 +0.20 TakeTwoSoftware(TTWO) 27273 356.6 152.58 –12.02
Heliogen(HLGN) 4238 4.76 –2.17 –31.3 AccelerateA(AAQC) 1105 346.2 9.70 –0.02 Zedge(ZDGE) 713 5.5 8.63 –0.30 Morningstar(MORN) 2023 337.3 296.19 –13.00
Dingdong(DDL) 1070 8.63 –3.72 –30.1 OppFi(OPFI) 8508 339.9 5.66 +0.50 NatlHealthcare(NHC) 145 2.7 68.53 –1.49 SouthernStatesBcsh(SSBK) 156 331.2 19.87 +0.19
VicariousSurgical(RBOT) 2195 7.10 –2.38 –25.1 KoninklijkePhil(PHG) 25444 337.5 34.39 –3.38 ImperialOil(IMO) 2184 2.3 40.58 +2.10 Accolade(ACCD) 14372 324.3 20.21 –0.71
RushStreetInt(RSI) 7375 11.72 –3.37 –22.3 IberePharmA(IBER) 200 297.1 9.70 –0.02 CheniereEnergy(LNG) 8214 0.3 113.00 +4.48 Vaxcyte(PCVX) 3393 322.0 19.43 –4.36
Offerpad(OPAD) 4344 4.37 –1.20 –21.5 Core&Main(CNM) 12116 293.2 24.45 –1.00 LairdSuperfood(LSF) 172 –1.9 10.35 –2.65 BioCryst(BCRX) 58097 319.6 15.48 +3.92
TrebiaAcquisition(TREB) 6639 292.6 8.97 –0.99 StandardLithium(SLI) 11560 –6.3 7.12 –1.53 ArtemisStratInvt(ARTE) 750 311.9 9.86 –0.03
NYSE AMERICAN BIGGEST % MOVERS
By Share Volume By Share Volume By Share Volume
Winners
Name (Sym) Volume Close Change%Chg. Name (Sym) Volume Close Change%Chg. Name (Sym) Volume Close Change%Chg.
Name (Sym) Volume Close Change %Chg.
FordMotor(F) 663810 25.19 +0.75 +3.1 SplashBeverage(SBEV) 157946 4.18 +3.13+298.1 Zynga(ZNGA) 665842 8.96 +2.96 +49.3
VoltInfoSci(VOLT) 1603 3.72 +0.86 +30.1
BankofAmerica(BAC) 266591 47.91 –1.27 –2.6 CamberEnergy(CEI) 69136 0.75 –0.08 –9.1 Apple(AAPL) 422502 173.07 +0.90 +0.5
RileyExpln(REPX) 116 27.91 +5.07 +22.2
AT&T(T) 243824 27.18 +0.89 +3.4 Tellurian(TELL) 66638 3.18 +0.18 +6.0 AdvMicroDevices(AMD) 379065 136.88 +4.88 +3.7
Myomo(MYO) 318 8.51 +1.38 +19.4
PalantirTech(PLTR) 235871 16.01 –0.55 –3.3 B2Gold(BTG) 60645 3.57 –0.07 –1.9 NVIDIA(NVDA) 231565 269.42 –3.05 –1.1
IndonesiaEnergy(INDO) 209 3.28 +0.53 +19.3
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ItauUnibanco(ITUB) 226343 4.25 +0.27 +6.8 Zomedica(ZOM) 55955 0.35 +0.03 +9.3 Lucid(LCID) 223910 42.22 +0.24 +0.6
InnSuitesHosp(IHT) 141 3.00 +0.48 +19.0
PetroleoBrasil(PBR) 214534 12.61 +1.60 +14.5 NewGold(NGD) 50781 1.64 +0.14 +9.3 TilrayBrands(TLRY) 198723 6.86 +0.44 +6.9
Amcon(DIT) 18 206.49 +26.50 +14.7
NIO(NIO) 210774 30.95 +1.65 +5.6 FreshVineWine(VINE) 49916 5.15 +0.60 +13.2 Microsoft(MSFT) 193085 310.20 –3.84 –1.2
MaverixMetals(MMX) 1330 4.63 +0.54 +13.2
AMC Ent(AMC) 199172 20.57 –2.42 –10.5 Senseonics(SENS) 46701 2.84 +0.14 +5.2 AmerAirlines(AAL) 190007 18.49 –0.79 –4.1
FreshVineWine(VINE) 49916 5.15 +0.60 +13.2
WellsFargo(WFC) 184644 58.06 +3.29 +6.0 UraniumEner(UEC) 42176 3.32 –0.56 –14.4 Intel(INTC) 177829 55.70 +2.26 +4.2
Losers Carnival(CCL) 167386 22.95 +1.05 +4.8 DenisonMines(DNN) 40479 1.36 –0.10 –6.8 SoFiTech(SOFI) 148622 13.20 –0.54 –3.9
Name (Sym) Volume Close Change %Chg. Pfizer(PFE) 150315 54.95 –0.77 –1.4 TakungArt(TKAT) 29680 3.40 +0.03 +0.9 Tesla(TSLA) 1371131049.61 +22.65 +2.2
Vale(VALE) 148593 15.38 +0.57 +3.8 Globalstar(GSAT) 23391 1.04 –0.03 –2.8 DraftKings(DKNG) 115903 23.19 –4.05 –14.9
LairdSuperfood(LSF) 172 10.35 –2.65 –20.4
VirginGalactic(SPCE) 145668 10.14 –2.31 –18.6 NuverraEnvl(NES) 21050 2.27 +0.02 +0.9 Grab(GRAB) 108010 6.04 –0.77 –11.3
StandardLithium(SLI) 11560 7.12 –1.53 –17.7
Citigroup(C) 145021 66.93 +1.15 +1.7 EnergyFuels(UUUU) 15370 7.15 –1.20 –14.4 FuelCell(FCEL) 101754 4.83 –0.27 –5.3
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

BK Tech(BKTI) 214 2.49 –0.42 –14.4


Nokia(NOK) 134413 5.93 –0.17 –2.8 RingEnergy(REI) 13363 2.80 +0.02 +0.7 electroCore(ECOR) 100869 0.76 +0.21 +38.7
UraniumEner(UEC) 42176 3.32 –0.56 –14.4
DiDiGlobal(DIDI) 126828 4.67 +0.17 +3.8 AsensusSurg(ASXC) 12640 0.91 –0.03 –3.4 Nikola(NKLA) 100631 10.08 –0.54 –5.1
EnergyFuels(UUUU) 15370 7.15 –1.20 –14.4
ExxonMobil(XOM) 122778 71.87 +2.99 +4.3 TasekoMines(TGB) 11840 2.01 –0.05 –2.4 ContextLogic(WISH) 100457 2.53 –0.23 –8.3
EVI Industries(EVI) 136 25.85 –4.15 –13.8
TaiwanSemi(TSM) 120393 140.66 +17.16 +13.9 StandardLithium(SLI) 11560 7.12 –1.53 –17.7 CiscoSystems(CSCO) 94547 61.36 +0.23 +0.4
Ashford(AINC) 47 16.08 –2.55 –13.7
Uber(UBER) 113869 41.51 0.00 0.0 GreatPanther(GPL) 11109 0.23 +0.01 +5.7 Comcast A(CMCSA) 93519 51.68 +1.63 +3.3
TrioTech(TRT) 1337 8.62 –1.33 –13.4
Alibaba(BABA) 111394 131.57 +1.76 +1.4 GranTierraEner(GTE) 11094 0.86 +0.05 +5.5 Robinhood(HOOD) 91032 15.17 –0.72 –4.5
NASDAQ BIGGEST % MOVERS
By Dollar Volume By Dollar Volume By Dollar Volume
Winners Name (Sym) $ Volume Close Change%Chg. Name (Sym) $ Volume Close Change%Chg. Name (Sym) $ Volume Close Change%Chg.
Name (Sym) Volume Close Change %Chg. TaiwanSemi(TSM) 15010000 140.66 +17.16 +13.9 CheniereEnergy(LNG) 754850 113.00 +4.48 +4.1 Tesla(TSLA) 1131220341049.61 +22.65 +2.2
MolecularPtrs(MOLN) 1757 31.89 +15.38 +93.2 FordMotor(F) 13323820 25.19 +0.75 +3.1 FreshVineWine(VINE) 402708 5.15 +0.60 +13.2 Apple(AAPL) 54519151 173.07 +0.90 +0.5
Zynga(ZNGA) 665842 8.96 +2.96 +49.3 JPMorganChase(JPM) 12691986 157.89 –9.27 –5.5 SplashBeverage(SBEV) 364127 4.18 +3.13+298.1 NVIDIA(NVDA) 46937514 269.42 –3.05 –1.1
iRhythmTechs(IRTC) 5225 141.10 +39.15 +38.4 Alibaba(BABA) 11714053 131.57 +1.76 +1.4 Tellurian(TELL) 178056 3.18 +0.18 +6.0 Microsoft(MSFT) 46369004 310.20 –3.84 –1.2
BioCryst(BCRX) 58097 15.48 +3.92 +33.9 BankofAmerica(BAC) 9534973 47.91 –1.27 –2.6 B2Gold(BTG) 156692 3.57 –0.07 –1.9 AdvMicroDevices(AMD) 40054798 136.88 +4.88 +3.7
FusionPharm(FUSN) 202 6.60 +1.63 +32.8 Boeing(BA) 9408053 225.96 +10.46 +4.9 UraniumEner(UEC) 121846 3.32 –0.56 –14.4 Amazon.com(AMZN) 344106563242.76 –8.32 –0.3
DigitalWorldA(DWAC) 62526 70.88 +16.90 +31.3 WellsFargo(WFC) 8495595 58.06 +3.29 +6.0 TakungArt(TKAT) 119719 3.40 +0.03 +0.9 MetaPlatforms(FB) 20478440 331.90 +0.11 +0.0
Apria(APR) 13729 37.30 +7.58 +25.5 Citigroup(C) 7786147 66.93 +1.15 +1.7 EnergyFuels(UUUU) 97679 7.15 –1.20 –14.4 Alphabet A(GOOGL) 160640002789.61 +49.27 +1.8
RaniTherap(RANI) 281 20.67 +4.06 +24.4 Shopify(SHOP) 76412751102.91 –41.57 –3.6 Senseonics(SENS) 96632 2.84 +0.14 +5.2 Alphabet C(GOOG) 134914692795.73 +55.64 +2.0
Visa(V) 7188876 214.67 –2.29 –1.1 ImperialOil(IMO) 69704 40.58 +2.10 +5.5 Netflix(NFLX) 10115617 525.69 –15.37 –2.8
Losers ExxonMobil(XOM) 7071730 71.87 +2.99 +4.3 NewGold(NGD) 68900 1.64 +0.14 +9.3 PayPal(PYPL) 9877736 178.42 –9.18 –4.9
Name (Sym) Volume Close Change %Chg. Block(SQ) 6962019 133.29 –8.25 –5.8 StandardLithium(SLI) 60136 7.12 –1.53 –17.7 Lucid(LCID) 7867899 42.22 +0.24 +0.6
EmbarkTech(EMBK) 5839 4.52 –2.22 –32.9 HomeDepot(HD) 6749347 372.00 –21.61 –5.5 NorthernOil&Gas(NOG) 56891 23.85 +1.27 +5.6 Intel(INTC) 7112346 55.70 +2.26 +4.2
BrilliantEarthA(BRLT) 3027 12.42 –5.41 –30.3 Mastercard(MA) 6576826 372.14 +2.49 +0.7 NuverraEnvl(NES) 55758 2.27 +0.02 +0.9 Qualcomm(QCOM) 6820840 188.69 +8.28 +4.6
EyePointPharm(EYPT) 2375 9.93 –4.18 –29.6 Pfizer(PFE) 6483123 54.95 –0.77 –1.4 CheniereEnerPtrs(CQP) 49731 46.75 +2.21 +5.0 MicronTech(MU) 6705864 97.36 +2.91 +3.1
CitiTrends(CTRN) 3069 57.36 –23.74 –29.3 Disney(DIS) 6405288 151.94 –5.89 –3.7 DenisonMines(DNN) 43666 1.36 –0.10 –6.8 Moderna(MRNA) 6576764 204.73 –9.13 –4.3
ATA Creativity(AACG) 3944 1.91 –0.73 –27.7 Chevron(CVX) 6341198 128.96 +3.93 +3.1 AeroCentury(ACY) 43602 9.91 +0.31 +3.3 ApplMaterials(AMAT) 6554236 167.00 +16.19 +10.7
EntradaTherap(TRDA) 507 8.64 –3.20 –27.0 UnitedHealth(UNH) 6325317 468.69 +10.09 +2.2 CamberEnergy(CEI) 41293 0.75 –0.08 –9.1 Adobe(ADBE) 6504521 520.60 +9.90 +1.9
TenayaTherap(TNYA) 731 10.00 –3.55 –26.2 Salesforce.com(CRM) 6187187 231.23 +2.92 +1.3 EquinoxGold(EQX) 38195 6.86 +0.42 +6.5 Broadcom(AVGO) 5688043 596.37 –22.78 –3.7
KymeraTherap(KYMR) 2467 41.07 –14.49 –26.1 Sea(SE) 5755936 175.03 –12.07 –6.5 NexGenEnergy(NXE) 38086 4.61 –0.03 –0.6 Costco(COST) 5347746 502.99 –33.19 –6.2

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
January 17, 2022 BARRON’S 53

Research Reports
How Analysts Size Up Companies
These reports, excerpted and edited by Barron’s, were issued recently by investment and preserves the value of its core assets. disruptive and affordable tactical combat
drones. The highest-performing in the world
research firms. The reports are a sampling of analysts’ thinking; they should not be considered Kratos Defense & Security and survivable in [hostile] environments,
the views or recommendations of Barron’s. Some of the reports’ issuers have provided, or hope Solutions KTOS-Nasdaq • such as the South China Sea, these are the
to provide, investment-banking or other services to the companies being analyzed. Buy • Price $16.93 on Jan. 12 only such systems flying today. KTOS be-
by B. Riley Securities lieves the Air Force and other customers
aren’t resetting anything, as evidenced by
There’s a trading opportunity in Kratos, fol- Air Force Secretary Frank Kendall’s recent
Las Vegas Sands LVS-NYSE
• DPZ outline similar changes for its national lowing a 7.7% selloff on Jan. 11 in the wake remarks citing hope for new classified drone
Overweight • Price $36.43 on Jan. 10 $5.99 Mix & Match deal in coming quarters. of a premarket downgrade alleging slower- programs in the forthcoming fiscal 2023 bud-
by J.P. Morgan These actions should increase average checks than-anticipated growth-driver development. get request (even as we wait for a federal
and lower costs for franchisees, while also CEO Eric DeMarco, in a virtual conference FY22 budget). The biggest takeaway for us
We are upgrading Las Vegas Sands from bringing additional customers into Domino’s presentation, conceded the obvious—that the stemmed from a slide KTOS unveiled, dis-
Neutral and upping our year-end 2022 price digital ecosystem, boosting technology fees U.S. continues to operate under a continuing closing a new Demogorgon drone at an $8
target to $48 [from $36], and adding it to our for DPZ. Price target: $574. resolution of the federal fiscal-year budget, million production price. Altogether, we see
Analyst Focus List as a value pick. We think extending to Feb. 18. This precludes the De- KTOS’ [aerial] targets business alone as
the risk-reward is favorable after massive Tower Semiconductor • TSEM-Nasdaq fense Department from embarking on new ramping toward about a $250 million annual
underperformance in 2021 (down 35%, versus Buy • Price $40.64 on Jan. 11 programs, including those featuring KTOS’ production rate. Price target: $29.50.
U.S. gaming stocks up 59%, and the S&P 500 by Needham
up 25%) with LVS (and the rest of the
Macau-centric U.S.-listed stocks) lagging the We participated in a discussion with Marco INSIDER TRANSACTIONS: Recent Filings
other reopening sectors (U.S. gaming, lodg- Racanelli, senior vice president and general Purchases Sales
$ Val $ Val
ing, cruise lines) and risks priced in after a manager, and Noit Levy, SVP of investor re- Company /Symbol Insiders Shares (000's) Company /Symbol Insiders Shares (000's)
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

year of incremental regulatory concerns (ad- lations, at our 24th Annual Needham Virtual Smartsheet SMAR 1 150,000 9,460 Unity Software U 5 275,083 37,560
verse licensing renewal terms, the likely Growth Conference this week. Tower contin- Docusign DOCU 1 18,700 2,410 Installed Building Products IBP 1 200,000 26,796
ClearoneCLRO 1 1,538,461 2,000 Roku ROKU 1 80,000 18,628
death of the junket VIP business). The sell ues to expand capacity on more profitable Everquote EVER 1 54,503 815 Tradeweb Markets TW 6 197,881 18,558
side has cut estimates (us, too) as travel mo- processors, which has helped raise its gross Petros Pharmaceuticals PTPI 1 145,773 500 Cloudflare NET 2 167,155 17,855
bility tightened/failed to ease after Covid-19 margin by 300 basis points [3%] over the Petco Health And Wellness WOOF 2 27,630 479 Mongodb MDB 4 30,371 13,923
Bed Bath & Beyond BBBY 4 33,000 457 Nike NKE 1 81,041 12,835
spikes in the region amid a near-zero case past year. The company recently announced Academy Sports And Outdoors ASO 1 10,000 395 Aes AES 1 524,511 12,474
tolerance policy by China. We note that the a partnership with Juniper Networks Adtheorent ADTH 1 32,536 319 Darden Restaurants DRI 1 76,725 11,691
Angiodynamics ANGO 2 11,000 251 Coca-Cola KO 4 177,300 10,641
current level of investor apathy toward [ticker: JNPR] to begin production of an ad-
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Compass Diversified CODI 2 7,091 219 Amc Entertainment AMC 4 460,184 10,515
Macau is the worst for any subsector within vanced SiPho [silicon photonics] product (in Thor Industries THO 1 2,000 209 Iteos Therapeutics ITOS 1 245,469 10,452
our coverage universe in our 22-plus years of calendar year 2023), which is the highest Forian FORA 2 25,273 200 Prudential Financial PRU 1 70,907 8,047
Rallybio RLYB 2 20,000 198 Chevron CVX 1 62,500 7,701
covering gaming and lodging. gross-margin segment for Tower. The com-
Accelerate Diagnostics AXDX 1 45,226 196 Arista Networks ANET 1 58,136 7,438
pany is also partnering with STMicro to co- Bridgebio Pharma BBIO 1 10,000 164 Ansys ANSS 1 18,000 7,092
Domino’s Pizza DPZ-NYSE
• invest in a 300mm [chip-fabrication plant] in Newtek Business Services NEWT 7 5,880 162 Caterpillar CAT 2 29,850 6,716
Hallmark Financial Services HALL 1 30,000 139 Salesforce.Com CRM 2 29,200 6,695
Outperform • Price $487.51 on Jan. 11 Italy, which will begin low-rate production in Anixa Biosciences ANIX 2 39,000 119 Arrowhead Pharmaceuticals ARWR 3 98,125 6,128
by Baird CY23 and ramp up more significantly in Super League GamingSLGG 1 44,000 103 Hca Healthcare HCA 1 22,198 5,754
CY24. Price target: $45. An insider is any officer, director or owner of 10% or more of a class of a company's securities. In most cases, an insider must report any trade to the
At today’s ICR investment conference, man- SEC within two business days. The tables highlight companies that filed with the SEC through last Wednesday. The tables do not include pension-
plan or employee stock-option activity, trades by beneficial owners of 10% or more, trades under $2 per share or trades under 100 shares. The
agement provided guidance that prompted us Beam Therapeutics • BEAM-Nasdaq
"Purchases" column includes only open-market and private purchases; the "Sales" column includes only open-market and private sales, and
to trim our 2022 EPS projections by just un- Overweight • Price $70.24 on Jan. 12 excludes trades preceded by option exercise in the 12 months prior to the reported event. Source: Thomson Reuters

der 1%. That said, commentary was positive by Wells Fargo


about the structural growth drivers of the INSIDER TRANSACTIONS RATIO
business, and we remain optimistic that We reiterate our $145 price target on Beam
152
Domino’s is well-positioned to navigate Therapeutics, following the announcement
133
through current industry-wide challenges of a partnership with Pfizer [PFE] focused
and deliver solid growth in 2022 and beyond. on in vivo base-editing programs, as well as 114
DPZ announced plans to migrate its national Beam’s announcement outlining 2022 initia- 95
Bearish
$7.99 Large Three-Topping Carryout Pizza tives. The endorsement from a leading 76
offer to a digital-only offer (previously, it was global pharmaceutical company represents Ratio = 14
57
available across all ordering modes). The a major validation for Beam’s base-editing 38
company is also reducing the count for technology. We also expect funding provided
19
chicken-wing items to 8 pieces from 10 previ- by Pfizer to accelerate Beam’s internal pro- Bullish 0
ously. We would not be surprised to hear grams. We believe that Beam has the most J F M A M J J A S O N D J
advanced gene-editing technology and ex-
To be considered for this section, material pect continued interest from others. And Ratio of Insiders Sales to Buys. Readings under 12:1 are Bullish. Those over 20:1 are Bearish.
should be sent to Research@barrons.com. Beam’s disciplined approach to partnering The total top 20 sales and buys are 257,501,630 and 18,794,819 respectively; Source: Thomson Reuters
54 BARRON’S January 17, 2022

New York Stock Exchange Composite List


52-Week Tick Div
FIVE-DAY DOW COMPOSITE
NOTICE TO READERS: High Low Name Sym Yld P/E Last Chg. Amt.
470.02 286.04 Anthem ANTM 1.0 20 452.14 +17.15 1.13
Sign up for the Weekly Market Lab Newsletter: barrons.com/newsletters 326.25 202.32 Aon AON .7 69 273.45 –9.33 .51 Again: The Dow fell 0.9%, its second consecutive weekly decline, as
55.53 37.51 AptIncmREIT AIRC 3.2 dd 54.50 +1.22 .44
8.16
10.25
4.50
10.03
ApartmtInv
ApeironCapital
AIV
APN.UT
...
...
dd
...
7.27
10.11
...
+0.02
...
...
bank earnings disappointed. JPMorgan Chase fell 5.5% after reporting
Please visit the Market Lab home page on barrons.com under Data. 9.96 9.75 ApeironCapA APN ... ... 9.88 –0.02 ... earnings, while Boeing gained 4.9%.
0.50 0.37 ApeironCapWt APN.WT ... ... .41 –0.04 ...
26.84 17.22 APi Group APG ... dd 24.37 –1.15 ... Monday Tuesday Wednesday Thursday Friday
16.94 11.02 ApolloComRlEst ARI 10.0 10 14.02 +0.31 .35
www.barrons.com/market-data/market-lab 81.07 45.40 ApolloGlbMgmt APO 2.9 8 68.83 –0.13 .50 36560
12.31 10.00 ApolloStratGr APSG.UT ... ... 10.25 –0.01 ...
11.40 9.64 ApolloStratGrA APSG ... 77 9.93 +0.07 ... 36440
52-Week Tick Div 52-Week Tick Div 2.93 0.75 ApolloStratGrWt APSG.WT ... ... 1.11 –0.09 ...
10.96 9.73 ApolloStratGrII APGB.UT ... ... 9.94 –0.03 ...
High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. 10.05 9.64 ApolloStratII A APGB ... 64 9.75 –0.05 ... 36320
1.68 0.81 ApolloStratII Wt APGB.WT ... ... .94 –0.01 ... (Prev Fri's Close)
A 74.25 46.26 AlaskaAir ALK ... cc 55.79 –0.07 ...
93.43 65.14 AlbanyIntl AIN .9 25 88.90 –0.48 .21 17.44 12.31 AppleHospREIT APLE .2 dd 16.79 –0.02 .01 36200
291.48 133.82 Albemarle ALB .7 cc 233.67 –2.35 .39 109.87 70.08 AppliedIndlTechs AIT 1.3 24 101.46 +0.15 .33
45.49 30.90 AAR AIR ... 21 42.81 +1.14 ... 37.85 15.97 Albertsons ACI 1.6 18 30.94 –0.27 .12 158.97 112.37 Aptargroup ATR 1.3 34 121.18 –2.50 .38 36080
39.11 28.62 ABB ABB 1.8 41 37.35 –0.75 .6957 64.37 17.30 Alcoa AA ... 14 61.39 –0.98 ... 180.81 127.21 Aptiv APTV ... 52 152.60 –16.87 ... -201.81
43.12 31.22 Aramark ARMK 1.2 dd 36.58 +0.15 .11
55.48 36.31 ABMIndustries ABM 1.7 24 45.17 +2.29 .195 88.78 65.60 Alcon ALC .1 cc 78.59 –1.97 .1099
20.74 14.01 ArborRealty ABR 7.5 8 18.48 –0.26 .36 35960
9.77 7.58 ACCO Brands ACCO 3.5 11 8.51 +0.21 .075 26.57 14.89 Alexander&Baldwin ALEX 2.8 59 24.25 –0.15 .18
18.43 10.67 AcresCmclRlty ACR ... 4 13.25 +0.86 ... 308.39 246.15 Alexanders ALX 6.9 18 262.49 –7.78 4.50 37.87 20.50 ArcelorMittal MT .7 4 37.22 +2.41 .255
34.48 16.35 ADC Therap ADCT ... dd 17.22 –2.58 ... 224.95 154.37 AlexandriaRlEst ARE 2.2 32 210.28 +1.28 1.15 105.58 39.02 ArchResources ARCH 1.0 95 96.58 +4.98 .25 35840
11.78 6.73 ADT ADT 1.8 dd 7.92 +0.03 .035 53.01 44.18 AlgonquinPwrUn AQNU 8.1 ... 45.50 –0.86 .9688 22.01 9.62 ArchaeaEnergy LFG ... dd 17.11 –1.10 ...
12.41 10.00 AEA-Bridges IMPX.UT ... ... 10.37 –0.05 ... 17.86 13.39 AlgonquinPwr AQN 4.9 14 13.84 –0.34 .1706 18.60 3.76 ArcherAviation ACHR ... dd 3.96 –0.68 ... 35720
11.42 9.58 AEA-BridgesA IMPX ... cc 9.90 –0.05 ... 274.29 108.70 Alibaba BABA ... 19 131.57 +1.76 ... 6.44 0.57 ArcherAviationWt ACHR.WT ... ... .66 –0.23 ... -162.79 +183.15 +38.30 -176.70
2.33 0.58 AEA-BridgesWt IMPX.WT ... ... 1.00 +0.01 ... 14.51 8.46 Alight ALIT ... dd 9.54 –0.25 ... 71.67 49.28 ArcherDaniels ADM 2.1 15 71.55 +1.74 .37 35600
78.62 49.34 AECOM ACM .8 63 73.86 –0.63 .15 737.89 563.47 Alleghany Y ... 14 684.46 +10.15 ... 10.80 6.99 Archrock AROC 6.7 51 8.60 +0.42 .145
38.49 21.80 Arconic ARNC ... dd 34.93 +0.19 ... 10 12 2 4pm 10 12 2 4pm 10 12 2 4pm 10 12 2 4pm 10 12 2 4pm
29.07 22.60 AES AES 2.7 30 23.06 –0.04 .158 25.04 13.85 AlleghenyTechs ATI ... dd 20.41 +2.15 ...
64.22 44.76 Aflac AFL 2.5 10 64.06 +1.90 .40 148.70 106.52 Allegion ALLE 1.2 24 124.46 –2.17 .36 6.72 4.33 ArcosDorados ARCO ... 53 5.47 –0.09 ...
158.62 101.69 AGCO AGCO .6 13 126.06 +4.57 .20 73.10 56.84 Allete ALE 3.8 22 65.85 –1.89 .63 68.46 47.65 Arcosa ACA .4 36 52.41 +1.05 .05
14.88 8.67 AG Mortgage MITT 7.9 1 10.19 –0.20 .21 102.23 52.07 AllianceData ADS 1.2 5 72.37 +1.97 .21 10.56 9.82 ArctosNthStar ANAC.UT ... ... 9.95 –0.05 ...
15.23 7.16 a.k.a.Brands AKA ... ... 7.49 –0.99 ... 57.54 34.32 AllianceBernstein AB 7.1 14 50.42 +1.80 .89 10.20 9.44 ArctosNorthA ANAC ... 52 9.75 +0.03 ...
72.62 2.18 AMC Ent AMC ... dd 20.57 –2.42 ... 46.40 32.55 AllisonTransm ALSN 1.8 12 41.10 +3.08 .19 1.40 0.57 ArctosNorthWt ANAC.WT ... ... .60 –0.15 ... 52-Week Tick Div 52-Week Tick Div
129.12 69.50 AMN Healthcare AMN ... 24 108.34 –8.34 ... 140.00 102.55 Allstate ALL 2.6 5 124.08 –1.87 .81 49.10 22.36 ArcusBiosci RCUS ... dd 35.81 –1.55 ... High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt.
9.75 3.00 AMTD Intl HKIB ... ... 4.20 +0.93 ... 56.61 36.34 AllyFinancial ALLY 2.3 6 52.64 +2.73 .30 12.43 8.38 ArdaghMetalPkg AMBP ... dd 8.86 +0.20 ...
2.99 1.08 ArdaghMetalWt AMBP.WT ... ... 1.94 +0.09 ... 55.57 44.10 Avangrid AGR 3.7 22 48.04 –2.10 .44 74.24 52.97 BkNovaScotia BNS 4.3 12 73.53 +1.11 .7844
10.15 10.04 APAcqnUn APCA.UT ... ... 10.07 –0.03 ... 73.05 11.04 AlphaMetal AMR ... dd 70.72 +8.02 ... 53.61 28.95 AvanosMedical AVNS ... dd 32.67 –0.65 ... 50.71 34.02 BankUnited BKU 2.0 12 46.37 ... .23
3.94 1.84 ARC Document ARC 5.5 20 3.64 –0.04 .05 21.07 14.82 AlpineIncmProp PINE 5.1 cc 20.01 –0.02 .27 5.43 3.07 ArdmoreShipping ASC ... dd 3.53 +0.01 ...
10.80 9.74 AresAcqn AAC.UT ... ... 9.91 –0.03 ... 11.40 9.54 AvantiAcqnA AVAN ... 40 9.82 –0.01 ... 12.20 7.21 Barclays BCS 1.3 ... 12.09 +0.74 .0555
9.62 6.61 ASETech ASX 2.7 11 7.93 +0.29 .3017 17.38 9.40 AltaEquipment ALTG ... dd 14.79 +0.13 ... 2.97 0.52 AvantiAcqnWt AVAN.WT ... ... .57 –0.03 ... 11.55 8.82 BaringsBDC BBDC 7.5 7 10.91 –0.14 .22
131.89 82.69 ASGN ASGN ... 17 118.45 –1.07 ... 10.16 9.50 AltC Acqn ALCC ... ... 9.82 –0.06 ... 10.00 9.50 AresAcqnA AAC ... ... 9.74 –0.03 ...
1.40 0.75 AresAcqnWt AAC.WT ... ... .75 –0.15 ... 44.37 26.14 Avantor AVTR ... 48 37.71 +1.10 ... 12.01 4.78 Barnes&NobleEduc BNED ... dd 6.15 –0.55 ...
33.88 22.02 AT&T T 7.7 cc 27.18 +0.89 .52 140.36 54.88 Alteryx AYX ... dd 58.34 +0.18 ... 34.06 17.11 Avaya AVYA ... dd 20.21 +1.42 ... 57.64 39.84 BarnesGroup B 1.3 28 48.19 +0.25 .16
13.05 2.66 ATI PhysTherapy ATIP ... dd 3.75 +0.64 ... 38.19 14.33 AlticeUSA ATUS ... 7 15.69 –0.42 ... 16.98 11.16 AresCommRealEst ACRE 8.8 10 15.02 +0.27 .02
90.08 44.43 AresMgmt ARES 2.4 40 77.12 +2.12 .47 229.24 147.40 AveryDennison AVY 1.3 23 209.08 –4.16 .68 25.37 17.27 BarrickGold GOLD 1.9 17 18.68 +0.58 .14
4.00 0.31 ATIPhysTherapyWt ATIP.WT ... ... .50 +0.12 ... 9.98 9.65 AltimarAcqnIIIA ATAQ ... ... 9.78 –0.03 ... 61.46 36.69 Avient AVNT 1.7 18 54.93 –1.11 .2375 82.00 29.17 Bath&BodyWks BBWI 1.1 10 55.83 –4.07 .15
19.05 8.42 A10Networks ATEN 1.4 13 14.45 –0.50 .05 1.51 0.66 AltimarIIIWt ATAQ.WT ... ... .82 –0.03 ... 55.99 36.60 Argan AGX 2.5 14 39.60 +0.34 .25
61.30 39.74 ArgoGroup ARGO 2.1 22 60.06 +1.47 .31 49.14 36.68 Avista AVA 3.9 20 43.65 +0.67 .4225 10.10 9.97 BatteryFutureAcqUn BFAC.UT ... ... 10.00 ... ...
58.61 44.26 AXIS Capital AXS 3.0 13 57.00 +1.57 .43 15.21 9.75 AltimeterGrw2 AGCB ... dd 9.81 –0.03 ... 34.20 26.42 AxaltaCoating AXTA ... 27 32.74 +0.24 ... 34.80 22.99 BauschHealth BHC ... dd 27.08 +0.06 ...
51.32 33.68 AZEK AZEK ... 68 40.57 –1.08 ... 52.59 40.46 Altria MO 7.1 34 50.81 +1.04 .90 15.89 10.06 ArisWater ARIS 2.2 ... 12.79 +0.76 .07
62.44 38.32 AxosFinancial AX ... 16 60.46 –0.07 ... 88.91 73.12 BaxterIntl BAX 1.3 36 85.74 –1.71 .28
58.59 46.55 AZZ AZZ 1.3 16 51.38 –3.59 .17 11.35 8.96 AltusPower AMPS ... dd 9.18 –0.35 ... 148.57 65.52 AristaNetworks ANET ... 53 129.74 +0.26 ...
29.45 11.31 Azul AZUL ... dd 14.32 +1.52 ... 18.20 1.90 Beachbody BODY ... ... 1.95 –0.13 ...
37.49 16.64 Aaron's AAN 1.7 8 22.96 –0.78 .10 3.14 0.79 AltusPowerWt AMPS.WT ... ... 2.34 –0.08 ... 4.42 3.35 ArlingtonAsset AAIC ... dd 3.58 –0.01 ...
10.88 5.48 ArloTech ARLO ... dd 9.66 –0.08 ... 48.07 14.88 AzurePowerGlbl AZRE ... dd 16.01 –0.50 ... 7.38 0.21 BeachbodyWt BODY.WT ... ... .23 –0.05 ...
142.60 105.36 AbbottLabs ABT 1.5 32 128.16 –7.40 .47 23.90 7.57 AlumofChina ACH ... 18 14.34 +0.32 ... 10.16 10.00 BeardEnerTran BRD.UT ... ... 10.05 –0.01 ...
138.15 101.81 AbbVie ABBV 4.2 32 135.87 +0.99 1.41 18.63 13.09 AmbacFin AMBC ... dd 16.45 +0.60 ... 15.80 10.62 ArmadaHoffler AHH 4.8 82 14.28 –0.69 .17
48.97 22.29 Abercrombie&Fitch ANF ... 8 34.14 +0.95 ... 5.94 2.65 AmbacFinWt AMBC.WT ... ... 4.52 +0.36 ... 12.56 9.02 ArmourRes ARR 12.3 6 9.72 –0.35 .10 B 10.20
...
9.75
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BeardEnerA
BeardEnerWt
BRD
BRD.WT
...
...
...
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9.82
.48
...
...
...
...
.0839 6.96 1.68 ArmstrongFlooring AFI ... dd 2.30 +0.06 ...
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

23.33 14.04 AcadiaRealty AKR 2.7 cc 22.46 +0.27 .15 3.95 2.38 Ambev ABEV 3.7 15 2.75 +0.16 26.12 15.25 BeazerHomes BZH ... 5 21.88 +0.91 ...
14.10 9.13 AccelEnt ACEL ... 51 12.25 –0.50 ... 22.87 5.18 AmbrxBio AMAM ... ... 6.10 –1.59 ... 118.14 75.92 ArmstrongWorld AWI .9 29 107.55 –2.44 .231 17.25 3.37 Bark BARK ... dd 4.11 +0.53 ... 265.23 235.13 BectonDicknsn BDX 1.3 38 262.62 +8.47 .87
10.24 9.73 AccelerateAcqn AAQC.UT ... ... 9.92 –0.09 ... 12.92 10.33 Amcor AMCR 3.9 20 12.37 +0.25 .12 137.95 96.40 ArrowElec ARW ... 10 134.96 +1.98 ... 5.00 0.51 BarkWt BARK.WT ... ... .75 +0.19 ...
9.96 9.60 AccelerateA AAQC ... cc 9.70 –0.02 ... 90.77 69.79 Ameren AEE 2.5 23 88.09 –0.15 .55 57.65 43.06 ArtisanPtrsAsset APAM 8.5 9 45.90 –0.99 1.07 26 68.87 40.66 Belden BDC .3 22 63.71 +2.46 .05
47.84 27.21 B&G Foods BGS 5.7 33.57 –0.16 .475 34.19 20.36 BellRingBrands BRBR ... 37 25.92 –0.31 ...
1.31 0.69 AccelerateWt AAQC.WT ... ... .78 –0.07 ... 101.86 37.70 Ameresco AMRC ... 44 57.13 –10.86 ... 145.79 25.41 Asana ASAN ... dd 60.18 –1.04 ... 53.13 42.34 BCE BCE 5.3 22 52.93 +0.78 .7011
417.37 241.73 Accenture ACN 1.1 37 353.36 –17.39 .97 21.37 12.70 AmericaMovil AMX 1.7 14 20.41 –0.06 .1964 230.97 137.96 AsburyAutomotive ABG ... 7 167.21 –7.96 ... 2.87 0.78 BEST BEST ... dd .90 +0.02 ... 32.56 22.25 BenchmarkElec BHE 2.4 32 26.99 +0.04 .165
10.10 9.86 AcropolisInfr ACRO.UT ... ... 9.95 –0.02 ... 21.34 12.76 AmericaMovil A AMOV 1.9 14 20.32 –0.12 .1964 10.19 9.91 AscendantDigIII ACDI.UT ... ... 10.15 ... ... 16.91 11.45 BGSF BGSF 3.4 13 14.24 +0.24 .12 12.25 4.18 BensonHill BHIL ... ... 4.25 –2.39 ...
9.82 9.62 AcropolisInfrA ACRO ... ... 9.70 –0.02 ... 40.83 27.21 AmericanAssets AAT 3.1 cc 38.88 +0.29 .30 10.00 9.80 AscendantDigA ACDI ... ... 9.92 +0.02 ... 82.07 51.88 BHP Group BHP 9.0 15 66.97 +2.61 4.00 4.68 0.71 BensonHillWt BHIL.WT ... ... .71 –0.50 ...
1.13 0.70 AcropolisInfrWt ACRO.WT ... ... .87 +0.12 ... 13.06 7.90 AmericanAxle AXL ... 13 9.94 ... ... 0.62 0.50 AscendantDigWt ACDI.WT ... ... .56 –0.02 ... 68.05 49.50 BHP Group BBL 9.1 15 66.07 +2.35 4.00 0.66 0.45 BerensonAcqnIWt BACA.WT ... ... .45 –0.05 ...
224.59 115.51 AcuityBrands AYI .3 22 206.56 –8.07 .13 57.83 40.01 AmCampus ACC 3.4 cc 55.61 +0.18 .47 77.90 9.27 AshfordHosp AHT ... dd 11.27 +0.81 ... 35.00 4.06 BitMining BTCM ... dd 4.91 –0.69 ... 9.79 9.65 BerensonAcqnI BACA ... ... 9.68 –0.01 ...
57.87 38.57 Acushnet GOLF 1.3 16 49.28 –0.58 .165 38.99 21.83 AmerEagle AEO 3.0 13 23.75 –0.20 .18 110.74 79.16 AshlandGlobal ASH 1.1 29 105.70 +1.80 .30 74.09 37.15 BJ'sWholesale BJ ... 20 60.83 –4.86 ... 10.06 9.17 BerensonAcqnI BACA.UT ... ... 9.94 ... ...
11.77 6.78 Adecoagro AGRO ... 7 7.53 +0.03 ... 43.80 26.21 AmEqtyLf AEL .8 12 43.72 +2.51 .34 65.99 16.33 AspenAerogels ASPN ... dd 38.24 –5.26 ... 10.22 8.80 BoaAcqn BOAS.UT ... ... 9.97 –0.03 ... 87.07 61.49 Berkley WRB .6 15 85.59 +1.01 1.00
53.17 30.47 Adient ADNT ... 4 50.35 +2.07 ... 189.03 112.10 AmerExpress AXP 1.0 18 168.40 –5.98 .43 29.54 21.83 AssetMarkFin AMK ... cc 26.23 +0.70 ... 9.91 9.61 BoaAcqnA BOAS ... 58 9.83 –0.05 ... 486999 341119 BerkHathwy A BRK.A ... 9 485379 +5378.90 ...
10.78 9.79 AditEdTech ADEX.UT ... ... 10.05 –0.11 ... 146.63 79.21 AmericanFin AFG 1.7 5 135.57 –2.16 .56 25.55 17.75 AssociatedBanc ASB 3.1 12 25.46 +0.53 .20 1.04 0.50 BoaAcqnWt BOAS.WT ... ... .55 –0.03 ... 324.40 226.10 BerkHathwy B BRK.B ... 9 324.13 +4.35 ...
10.24 9.44 AditEdTechA ADEX ... dd 9.87 +0.01 ... 44.07 28.63 AmHomes4Rent AMH 1.0 cc 41.75 +0.36 .10 46.60 30.21 AssocCapital AC .4 10 45.80 +3.36 .10 18.46 11.01 BP Midstream BPMP 7.5 12 18.43 +1.33 .3475 31.30 16.35 BerkshireHills BHLB 1.5 14 31.29 +0.78 .12
1.39 0.41 AditEdTechWt ADEX.WT ... ... .42 –0.13 ... 62.54 36.80 AIG AIG 2.1 10 61.91 +1.17 .32 172.22 121.55 Assurant AIZ 1.8 21 154.89 –3.85 .68 32.07 20.43 BP BP 3.9 17 32.04 +2.37 .3276 74.73 48.65 BerryGlobal BERY ... 14 72.55 –0.66 ...
43.85 26.66 AdtalemGlbEduc ATGE ... dd 29.70 –0.48 ... 20.38 7.71 AmRltyInv ARL ... 20 12.87 –0.37 ... 56.95 35.31 AssuredGuaranty AGO 1.6 16 55.69 +1.57 .22 6.49 2.71 BP Prudhoe BPT 12.8 cc 5.26 +0.48 .5812 141.97 94.54 BestBuy BBY 2.8 10 100.04 –2.46 .70
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

244.55 143.15 AdvanceAuto AAP 1.7 24 239.60 +1.51 1.00 103.77 70.07 AmerStWater AWR 1.6 37 93.97 –4.45 .365 30.48 15.61 Atento ATTO ... dd 26.38 –1.74 ... 6.08 3.35 BRF BRFS ... 49 4.38 +0.14 ... 73.23 40.06 BigLots BIG 2.8 7 43.41 –6.26 .30
138.02 80.47 AdvDrainageSys WMS .4 46 119.41 –6.53 .11 303.72 197.50 AmerTowerREIT AMT 2.1 46 250.62 –15.96 1.39 10.35 10.06 AthenaConsumer ACAQ.UT ... ... 10.10 –0.04 ... 24.20 13.83 BRT Apartments BRT 4.3 15 21.39 –1.29 .23 10.21 4.45 BigBear.ai BBAI ... dd 4.75 –0.37 ...
10.20 9.75 AdvancedMerg AMPI.UT ... ... 9.94 +0.03 ... 22.49 14.16 AmerVanguard AVD .5 23 16.17 +0.15 .02 10.26 9.85 AthenaCnsmrA ACAQ ... ... 9.92 ... ... 68.68 45.50 BWX Tech BWXT 1.7 18 48.30 –0.73 .21 1.75 0.55 BigBear.aiWt BBAI.WT ... ... .70 +0.08 ...
10.07 9.60 AdvMergerPtrsA AMPI ... cc 9.80 +0.03 ... 189.65 131.01 AmerWaterWorks AWK 1.5 39 163.57 –9.93 .6025 0.61 0.42 AthenaCnsmrWt ACAQ.WT ... ... .46 –0.02 ... 10.37 4.36 Babcock&Wilcox BW ... dd 7.99 –0.66 ... 948.97 525.00 BiglariA BH.A ... 6 700.00 +21.00 ...
1.80 0.61 AdvMergerPtrsWt AMPI.WT ... ... .66 –0.07 ... 43.75 4.43 AmericanWell AMWL ... dd 4.64 –0.22 ... 10.05 9.93 AthenaTechII ATEK.UT ... ... 10.04 +0.04 ... 16.00 5.51 Babylon BBLN ... dd 6.52 +0.99 ... 188.50 106.00 BiglariB BH ... 5 133.27 –1.24 ...
50.95 21.28 AdvanSix ASIX 1.1 9 45.72 +0.12 .125 10.30 9.82 AmericasTechA ATA ... cc 10.15 ... ... 118.49 43.19 Atkore ATKR ... 8 103.17 –2.28 ... 2.36 0.52 BabylonWt BBLN.WT ... ... .80 +0.27 ... 348.50 109.65 Bill.com BILL ... dd 181.12 –20.81 ...
5.87 3.89 Aegon AEG 2.4 ... 5.85 +0.30 .0937 1.78 0.41 AmericasTechWt ATA.WT ... ... .41 ... ... 10.65 9.56 AtlStreetAcqn ASAQ ... 63 9.82 ... ... 112.36 89.29 BadgerMeter BMI .8 49 95.05 –2.72 .20 151.51 62.57 BiohavenPharm BHVN ... dd 122.17 –6.70 ...
2.97 1.14 Aenza AENZ ... dd 2.04 +0.23 ... 40.85 27.88 AmericoldRealty COLD 2.9 dd 30.00 –1.00 .22 1.76 0.46 AtlStreetAcqnWt ASAQ.WT ... ... .49 –0.01 ... 50.80 5.40 Bakkt BKKT ... dd 5.58 –0.68 ... 832.70 545.00 Bio-RadLab A BIO ... 3 628.23 –34.93 ...
71.38 37.29 AerCap AER ... 9 68.36 +0.64 ... 332.37 196.77 Ameriprise AMP 1.4 18 328.58 +9.25 1.13 16.49 10.70 Atlas ATCO 3.4 24 14.87 +0.58 .125 18.64 0.84 BakktWt BKKT.WT ... ... 1.51 –0.65 ... 818.60 556.55 Bio-RadLab B BIO.B ... 3 624.28 –54.76 ...
53.34 39.85 AerojetRocket AJRD .0 25 42.98 –1.45 5.00 136.95 100.71 AmerisourceBrgn ABC 1.4 18 136.20 +3.08 .46 11.25 9.82 AtlasCrestII ACII.UT ... ... 9.86 –0.08 ... 98.09 77.95 Ball BLL .9 37 90.59 +0.08 .20 11.32 3.67 BirdGlobal BRDS ... dd 3.85 –1.95 ...
21.83 5.51 AevaTech AEVA ... dd 5.70 –0.97 ... 148.07 106.96 Ametek AME .6 35 141.54 –0.84 .20 10.37 9.46 AtlasCrestII A ACII ... 49 9.74 –0.01 ... 75.92 32.61 Bally's BALY ... 24 33.66 –3.21 ... 5.00 0.52 BirdGlobalWt BRDS.WT ... ... .56 –0.41 ...
7.96 1.13 AevaTechWt AEVA.WT ... ... 1.17 –0.42 ... 7.45 3.89 AmnealPharm AMRX ... 51 4.64 +0.01 ... 1.96 0.62 AtlasCrestII Wt ACII.WT ... ... .66 –0.12 ... 22.09 15.40 BancCalifornia BANC 1.1 17 21.86 +0.65 .06 10.33 9.80 BiteAcqn BITE.UT ... ... 9.98 +0.02 ...
191.62 107.97 AffiliatedMgrs AMG .0 14 156.50 –7.51 .01 8.81 4.12 Ampco-Pitt AP ... 62 5.71 +0.12 ... 107.66 84.59 AtmosEnergy ATO 2.6 21 106.05 +0.76 .68 4.98 2.47 BancoBBVA BBAR ... 4 3.29 +0.17 ... 9.96 9.55 BiteAcqn BITE ... ... 9.71 –0.03 ...
10.30 9.85 AfricanGoldAcqn AGAC.UT ... ... 10.05 –0.02 ... 88.45 58.58 Amphenol APH 1.0 34 81.61 –0.51 .20 26.67 17.00 Atotech ATC ... dd 25.90 +0.77 ... 7.26 4.53 BancoBilbaoViz BBVA 1.1 9 6.63 +0.27 .0697 0.75 0.42 BiteAcqnWt BITE.WT ... ... .49 –0.03 ...
9.82 9.40 AfricanGoldA AGAC ... 55 9.71 ... ... 5.78 1.71 AmplifyEnergy AMPY ... dd 3.87 +0.42 ... 18.49 5.12 ATRenew RERE ... dd 6.03 +0.03 ... 4.86 2.79 BancoBradesco BBDO 4.3 7 3.16 +0.26 .0026 72.78 58.22 BlackHills BKH 3.5 18 68.49 –1.90 .595
0.97 0.38 AfricanGoldWt AGAC.WT ... ... .52 –0.03 ... 18.80 7.00 Amrep AXR ... 10 14.50 –0.57 ... 6.35 2.38 Audacy AUD ... dd 2.48 +0.02 ... 25.12 15.60 BancodeChile BCH 2.0 11 18.46 +0.41 .3844 87.78 68.60 BlackKnight BKI ... 60 74.80 –4.34 ...
9.99 9.65 AfterNextA AFTR ... ... 9.69 –0.03 ... 86.17 39.92 Anaplan PLAN ... dd 46.71 +2.46 ... 2.40 0.87 AusterlitzI Wt AUS.WT ... ... .90 –0.15 ... 19.33 14.30 Bladex BLX 5.8 12 17.28 +0.33 .25 10.74 10.01 BlackMountain BMAC.UT ... ... 10.14 ... ...
10.70 9.75 AfterNextHealth AFTR.UT ... ... 9.88 –0.32 ... 10.05 10.02 AndrettiAcqn WNNR.UT ... ... 10.03 +0.03 ... 11.67 9.81 AusterlitzAcqnI AUS.UT ... ... 10.00 –0.01 ... 21.20 12.24 BancoMacro BMA ... 4 14.68 +0.69 ... 9.91 9.76 BlackMountainA BMAC ... ... 9.86 +0.01 ...
1.01 0.61 AfterNextWt AFTR.WT ... ... .68 –0.01 ... 19.00 15.70 AngelOakMtg AOMR 8.3 20 17.25 +0.39 .36 10.16 9.71 AusterlitzI A AUS ... dd 9.72 –0.07 ... 9.02 5.19 BancSanBrasil BSBR 7.6 ... 5.80 +0.24 .1451 0.65 0.39 BlackMountainWt BMAC.WT ... ... .40 –0.02 ...
179.57 112.47 AgilentTechs A .6 37 144.68 –0.47 .21 10.23 9.80 AngelPond POND.UT ... ... 9.93 –0.14 ... 10.14 9.63 AusterlitzII A ASZ ... 70 9.74 –0.01 ... 26.15 15.37 BcoSantChile BSAC 5.5 9 18.91 +0.84 .9285 10.36 9.90 BlackSpadeAcqn BSAQ.UT ... ... 10.00 –0.04 ...
26.36 8.94 Agiliti AGTI ... cc 20.08 –0.21 ... 9.90 9.57 AngelPondA POND ... ... 9.76 –0.02 ... 1.50 0.85 AusterlitzII Wt ASZ.WT ... ... .88 –0.11 ... 6.67 4.49 BcoSantMex BSMX 2.8 9 5.75 +0.05 .0675 9.98 9.61 BlackSpadeA BSAQ ... ... 9.69 –0.04 ...
44.83 18.55 agilon health AGL ... dd 19.61 –3.65 ... 1.16 0.58 AngelPondWt POND.WT ... ... .75 –0.06 ... 10.70 9.85 AusterlitzAcqnII ASZ.UT ... ... 9.97 –0.03 ... 4.38 2.92 BancoSantander SAN 1.0 9 3.69 +0.11 .0563 0.89 0.45 BlackSpadeWt BSAQ.WT ... ... .70 ... ...
74.50 47.07 AgnicoEagle AEM 2.7 19 51.41 +1.28 .35 26.77 14.57 AngloGoldAsh AU 2.6 9 20.04 +0.94 .4659 147.67 26.10 Autohome ATHM 4.5 10 35.85 +2.58 .87 39.49 27.64 BanColombia CIB 3.3 26 33.25 +2.65 .0672 12.75 7.84 BlackStoneMin BSM 8.5 43 11.71 +0.54 .25
75.95 61.27 AgreeRealty ADC 4.0 39 68.16 –1.02 .227 79.67 54.08 AB InBev BUD .7 24 67.80 +4.87 .5964 110.59 80.83 Autoliv ALV 2.4 19 108.03 +2.37 .64 50.08 29.57 BankofAmerica BAC 1.8 14 47.91 –1.27 .21 28.77 7.71 BlackBerry BB ... dd 9.04 +0.18 ...
52.96 36.52 AirLease AL 1.7 14 44.50 –1.69 .185 9.64 7.67 AnnalyCap NLY 11.1 4 7.94 –0.07 .22 133.48 70.64 AutoNation AN ... 8 109.90 –2.71 ... 41.65 29.99 BankofButterfield NTB 4.3 13 40.90 +1.37 .44 973.16 670.28 BlackRock BLK 1.9 23 848.60 –43.67 4.13
316.39 245.75 AirProducts APD 2.1 32 291.35 –6.06 1.50 132.00 9.60 AnnovisBio ANVS ... dd 15.52 –1.50 ... 2110.00 1111.71 AutoZone AZO ... 20 2033.48 +18.71 ... 99.10 75.68 BankofHawaii BOH 3.0 16 91.88 +1.13 .70 17.47 3.09 BlackSkyTech BKSY ... dd 3.28 –0.64 ...
165.98 134.54 AlamoGroup ALG .5 27 158.52 +2.11 .18 11.71 7.57 AnteroMidstream AM 8.4 16 10.68 +0.47 .225 191.67 104.14 Avalara AVLR ... dd 109.43 +0.21 ... 118.65 74.05 BankofMontreal BMO 2.9 13 118.03 +4.85 1.037 4.89 0.31 BlackSkyTechWt BKSY.WT ... ... .39 –0.06 ...
9.38 6.64 AlamosGold AGI ... dd 7.10 +0.07 ... 21.99 6.29 AnteroResources AR ... dd 20.03 +1.59 ... 257.52 159.68 Avalonbay AVB 2.6 34 248.68 –0.19 1.59 64.53 39.46 BankNY Mellon BK 2.1 16 63.60 +1.27 .34 149.78 62.72 Blackstone BX 3.1 16 116.12 –0.53 1.09

The Week’s Statistics Bonus Tables: 74, 77


Barron's 50-Stock Average ............. 73 Dividend Ex-Payment Dates ........... 77 Gold & Silver Prices......................... 76 Nasdaq National Market................ 59 Stock Volume ................................ 73
Cash Track ..................................... 66 DJ Averages ................................... 72 Gold Mining Index ......................... 76 New Corporate Listings ................. 77 Top Savings Deposit Yields............. 71
Charting the Market ...................... 51 DJ U.S. Total Market Industry Groups 74 Indexes P/Es & Yields ...................... 73 New Highs & Lows ......................... 75 Trading Diary ................................. 72
Closed-End Funds.......................... 70 Dow Jones Averages ...................... 72 Initial Public Offerings.................... 74 NYSE Half-Hourly Volume .............. 74 Vital Signs...................................... 44
Investor Sentiment Readings ......... 76 Week In Stocks............................... 73
Coming Earnings ........................... 74 Dow Jones Per Share Values ........... 73 Other Market Indexes .................... 72
Key Foreign Market Indexes ........... 65 Weekly Bond Statistics................... 76
Conference Call Calendar............... 68 Exchange Traded Portfolios ........... 63 Preferred Stock Listings ................. 64
Market Lab .................................... 72 Winners & Losers Stocks ................ 52
Delta Tactical Sentiment ................ 73 Federal Reserve Data Bank ............. 76 Pulse of the Economy..................... 74
Money Rates, U.S. & Foreign .......... 76
Distributions & Offerings ............... 73 Foreign Exchange .......................... 65 Mutual Funds ................................ 66 SEC Form 144 Filings ...................... 73 For statistical queries please contact the
Global Stock Markets..................... 65 Statistics Team: 609-520-4799
Dividend Boosts - Reductions......... 77 N.Y. Stock Exchange ...................... 54 Stock Splits - Special Dividends ...... 77 or email: barronsstats@barrons.com
January 17, 2022 BARRON’S 55

New York Stock Exchange Composite List


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.
34.04 26.38 BlackstoneMtg BXMT 7.8 12 31.91 +0.60 .62 47.18 21.79 CaliforniaRscs CRC 1.5 1 44.11 +0.93 .17 10.20 9.55 ClimateReal II A CLIM ... 69 9.75 –0.02 ... 1.45 0.50 D&ZMediaWt DNZ.WT ... ... .53 –0.07 ... 131.73 78.44 EdwardsLife EW ... 51 118.26 –4.04 ...
21.04 6.45 BlendLabs BLND ... dd 7.07 +0.05 ... 72.08 51.02 CalWtrSvc CWT 1.5 28 62.51 –5.32 .23 2.49 0.91 ClimateReal II Wt CLIM.WT ... ... .95 –0.03 ... 33.85 19.01 DCP Midstream DCP 5.4 62 29.01 –0.07 .39 39.17 15.95 8x8 EGHT ... dd 16.49 –0.13 ...
26.51 15.90 BlockHR HRB 4.9 6 22.10 –1.16 .27 80.95 29.12 Calix CALX ... 15 54.70 –5.04 ... 10.41 6.89 ClipperRealty CLPR 3.8 dd 9.99 +0.18 .095 6.62 2.28 DHI Group DHX ... cc 5.70 –0.36 ... 37.49 26.67 ElancoAnimal ELAN ... dd 27.03 –0.02 ...
289.23 129.31 Block SQ ... cc 133.29 –8.25 ... 37.75 24.30 CallawayGolf ELY ... 12 25.92 –0.60 ... 59.00 2.30 CloopenGroup RAAS ... dd 2.40 –0.07 ... 7.19 5.10 DHT DHT 2.3 dd 5.60 +0.26 .02 56.00 42.02 ElancoAnimalUn ELAT 5.9 ... 42.42 –0.71 .625
44.95 16.82 BloomEnergy BE ... dd 18.13 –1.12 ... 65.45 12.22 CallonPetrol CPE ... dd 57.00 +5.06 ... 231.11 156.23 Clorox CLX 2.5 54 186.60 +6.70 1.16 13.12 9.80 DPCM Capital XPOA.UT ... ... 10.01 +0.04 ... 189.84 93.66 Elastic ESTC ... dd 94.54 –13.68 ...
12.76 3.52 BlueApron APRN ... dd 7.98 +1.60 ... 180.37 98.27 CamdenProperty CPT 2.0 cc 165.59 –1.30 .83 221.64 60.96 Cloudflare NET ... dd 100.29 –6.71 ... 11.96 9.65 DPCM Cap A XPOA ... dd 9.81 ... ... 13.58 7.46 EldoradoGold EGO ... dd 9.54 +0.47 ...
17.89 9.35 BlueOwlCapital OWL 2.7 dd 13.42 –0.59 .09 28.49 12.16 Cameco CCJ .3 dd 22.55 –1.12 .0625 6.34 2.95 CN Finance CNF ... 6 3.57 –0.79 ... 3.51 0.50 DPCM Cap Wt XPOA.WT ... ... .51 –0.07 ... 26.92 15.86 ElementSolns ESI 1.3 27 24.70 +0.82 .08
6.55 0.97 BlueOwlCapWt OWL.WT ... ... 3.79 –0.38 ... 53.77 39.76 CampbellSoup CPB 3.2 15 46.38 +0.53 .37 61.45 48.11 Coca-Cola KO 2.7 30 61.39 +1.06 .42 13.18 7.88 DRDGOLD DRD ... 8 8.20 +0.12 ... 4.90 2.54 ElevateCredit ELVT ... dd 2.96 –0.01 ...
36.10 12.40 BluegreenVac BVH ... 12 32.56 –1.53 ... 49.20 29.45 CampingWorld CWH 5.4 6 37.08 –1.52 .50 59.07 41.53 Coca-Cola Femsa KOF 4.4 18 55.74 +1.92 1.244 123.74 98.43 DTE Energy DTE 3.0 26 119.38 –0.31 .825 19.60 14.85 EllingtonFin EFC 10.2 5 17.70 +0.33 .15
96.63 33.05 BlueLinx BXC ... 3 81.92 +0.91 ... 53.64 31.30 CanadaGoose GOOS ... 80 32.33 –2.05 ... 12.60 4.56 CoeurMining CDE ... dd 5.09 +0.24 ... 52.78 45.37 DTEEnergy DTP 6.2 ... 50.76 –0.68 .7813 13.92 9.81 EllingtonResiMtg EARN 11.1 35 10.83 ... .10
9.93 9.57 BlueRiverA BLUA ... cc 9.74 –0.02 ... 131.75 84.65 CIBC CM 3.6 12 131.59 +7.54 1.2587 101.22 62.43 Cohen&Steers CNS 2.1 30 87.40 –3.50 1.25 51.08 38.21 DT Midstream DTM 4.7 16 51.07 +1.66 .60 10.39 9.82 ElliottOppII EOCW.UT ... ... 10.04 +0.04 ...
1.30 0.40 BlueRiverWt BLUA.WT ... ... .60 –0.06 ... 136.22 100.66 CanNtlRlwy CNI 1.6 24 123.50 +0.07 .4988 12.39 9.95 CohnRobbins CRHC.UT ... ... 10.11 +0.02 ... 44.18 24.17 DXC Tech DXC ... 23 33.99 +0.65 ... 10.11 9.55 ElliottOppIIA EOCW ... ... 9.76 –0.03 ...
13.35 10.01 BluescapeOpps BOAC.UT ... ... 10.15 –0.05 ... 52.17 22.40 CanNaturalRes CNQ 3.6 13 51.94 +4.65 .4622 11.46 9.65 CohnRobbinsA CRHC ... dd 9.83 ... ... 28.44 18.85 Dana DAN 1.6 17 25.35 +1.42 .10 1.52 0.88 ElliottOppIIWt EOCW.WT ... ... .90 –0.07 ...
12.06 9.51 BluescapeOppsAcqn BOAC ... cc 9.80 ... ... 83.07 64.37 CanPacRlwy CP .8 21 77.50 +1.77 .149 2.90 0.62 CohnRobbinsWt CRHC.WT ... ... .72 –0.02 ... 333.96 211.22 Danaher DHR .3 37 293.31 –2.36 .21 15.06 9.30 EmbotellAndinaA AKO.A 5.1 10 11.21 +0.60 .2129
3.00 0.74 BluescapeOppsWt BOAC.WT ... ... .82 +0.01 ... 19.60 2.60 Cango CANG 6.9 2 3.31 +0.09 1.00 54.67 36.73 Colfax CFX ... 57 44.47 –0.33 ... 89.41 24.20 Danaos DAC 2.7 2 74.05 +3.99 .50 17.25 11.27 EmbotellAndinaB AKO.B 4.7 12 13.40 +0.34 .2342
278.57 185.26 Boeing BA ... dd 225.96 +10.46 ... 43.16 29.16 Cannae CNNE ... 8 32.26 –2.17 ... 212.81 152.72 ColfaxUn CFXA 3.2 ... 177.71 –3.53 1.4375 66.30 6.31 DanimerScientific DNMR ... dd 6.64 –0.91 ... 19.40 6.23 Embraer ERJ ... dd 15.90 –1.13 ...
78.35 45.84 BoiseCascade BCC .7 5 70.35 +1.32 3.00 16.75 6.39 CanoHealth CANO ... dd 6.51 –1.17 ... 85.61 74.01 ColgatePalm CL 2.2 27 83.45 –0.99 .45 130.33 36.45 DaqoNewEnergy DQ ... 5 42.37 +2.28 ... 7.28 3.22 EmeraldHldg EEX ... dd 3.39 –0.31 ...
134.50 53.57 BootBarn BOOT ... 25 108.73 –13.09 ... 5.70 1.41 CanoHealthWt CANO.WT ... ... 1.53 –0.39 ... 9.78 9.55 ColombierAcqnA CLBR ... ... 9.67 ... ... 164.28 110.89 Darden DRI 2.9 20 143.00 –2.66 1.10 127.20 29.88 EmergentBiosol EBS ... 13 52.22 +3.44 ...
100.26 75.15 BoozAllen BAH 1.7 21 88.95 +1.54 .37 25.94 20.73 Canon CAJ 2.6 13 24.41 +0.25 .474 10.00 9.60 ColombierAcqnUn CLBR.UT ... ... 9.88 ... ... 85.98 58.70 DarlingIngred DAR ... 20 65.70 +0.20 ... 105.99 78.33 EmersonElec EMR 2.1 25 97.47 +1.78 .515
12.84 0.71 BoqiiHolding BQ ... dd .77 –0.02 ... 177.95 99.82 CapitalOne COF 1.5 6 160.56 +5.87 .60 1.09 0.48 ColombierAcqnWt CLBR.WT ... ... .52 +0.04 ... 28.26 21.98 Datto MSP ... cc 25.31 +0.34 ... 13.11 8.36 EmpireStateRealty ESRT 1.4 dd 9.78 –0.39 .035
55.55 38.02 BorgWarner BWA 1.4 16 49.76 +1.14 .17 69.26 40.45 Capri CPRI ... 22 58.07 –3.77 ... 10.15 9.70 ColonnadeAcqnII CLAA.UT ... ... 9.85 –0.06 ... 136.48 94.38 DaVita DVA ... 13 116.32 +4.73 ... 43.82 30.20 EmployersHldgs EIG 2.4 9 41.78 –0.14 .25
3.34 1.12 BorrDrilling BORR ... dd 2.20 –0.18 ... 62.96 45.85 CardinalHealth CAH 3.7 14 53.09 –1.15 .4908 9.96 9.61 Colonnade II A CLAA ... 64 9.70 –0.04 ... 451.49 276.70 DeckersOutdoor DECK ... 21 323.82 –14.28 ... 10.35 9.50 Empower&IncA EPWR ... dd 9.73 ... ...
1349.98 428.13 BostonBeer SAM ... 57 449.33 –67.55 ... 250.23 143.52 Carlisle CSL .9 34 236.94 –1.92 .54 1.39 0.57 Colonnade II Wt CLAA.WT ... ... .58 –0.21 ... 400.34 278.95 Deere DE 1.1 20 379.56 +0.91 1.05 1.25 0.42 EmpowerIWt EPWR.WT ... ... .51 –0.02 ...
49.92 24.42 BostonOmaha BOMN ... 9 28.45 –0.60 ... 155.98 104.86 CarMax KMX ... 16 113.40 –7.68 ... 101.38 55.87 Comerica CMA 2.7 12 101.24 +4.17 .68 51.56 33.19 DelekLogistics DKL 9.1 11 41.81 –0.73 .95 7.90 3.27 EmpresaDisCom EDN ... dd 5.08 ... ...
128.00 88.45 BostonProps BXP 3.1 61 125.08 –0.55 .98 31.52 16.32 Carnival CCL ... dd 22.95 +1.05 ... 103.74 54.00 ComfortSystems FIX .5 24 96.94 +1.07 .13 27.38 13.48 DelekUS DK ... dd 18.41 +1.40 ... 43.35 33.41 Enbridge ENB 6.5 19 41.66 +1.08 .6723
46.29 35.05 BostonSci BSX ... 62 44.86 +2.75 ... 27.31 15.16 Carnival CUK ... dd 21.02 +0.85 ... 38.72 19.44 CommercialMetals CMC 1.5 8 37.92 +2.31 .14 60.77 36.61 DellTechC DELL ... 7 60.53 +2.54 ... 89.68 56.31 EncompassHealth EHC 1.7 16 65.86 +1.42 .28
12.63 7.84 Bowlero BOWL ... dd 8.78 +0.18 ... 49.20 26.84 CarpenterTech CRS 2.5 dd 32.65 +0.17 .20 82.53 64.24 CommBkSys CBU 2.2 22 77.75 +0.53 .43 52.28 33.40 DeltaAir DAL ... 97 40.31 –1.20 ... 172.41 74.53 Endava DAVA ... 94 129.44 +0.22 ...
2.16 0.56 BowleroWt BOWL.WT ... ... 1.56 +0.18 ... 66.33 32.71 CarriageSvcs CSV .8 38 58.10 +0.13 .1125 17.04 7.89 CommunityHlthSys CYH ... 4 13.12 +1.08 ... 48.38 29.59 Deluxe DLX 3.6 19 33.21 +1.20 .30 35.28 22.02 Endeavor EDR ... dd 32.15 –1.72 ...
28.13 16.85 Box BOX ... dd 25.85 +0.19 ... 58.89 34.21 CarrierGlobal CARR 1.2 20 51.10 –0.74 .15 52.54 42.55 CommunityHlthcr CHCT 3.7 54 46.63 –0.89 .435 10.29 9.65 DelwindsInsA DWIN ... cc 9.89 +0.01 ... 7.76 3.69 EndeavourSilver EXK ... 19 4.16 +0.30 ...
17.05 8.41 Boxed BOXD ... ... 11.49 –0.46 ... 19.09 10.73 Cars.com CARS ... 55 16.41 +0.48 ... 8.23 5.76 SABESP SBS .9 9 6.38 +0.04 .0714 1.40 0.42 DelwindsInsWt DWIN.WT ... ... .48 –0.02 ... 8.88 5.25 EnelAmericas ENIA 3.0 11 5.85 +0.25 .1583
2.25 0.65 BoxedWt BOXD.WT ... ... 1.16 +0.21 ... 116.92 80.50 Carter's CRI 2.5 12 96.33 –2.26 .60 3.59 2.09 EngGr-Cmg C CIG.C ... 7 3.27 +0.17 ... 91.30 27.14 Denbury DEN ... dd 76.93 –0.74 ... 4.27 1.75 EnelChile ENIC 8.3 9 1.99 +0.12 .2187
71.00 44.42 BoydGaming BYD ... 16 60.69 –2.83 ... 376.83 147.67 Carvana CVNA ... dd 156.39 –28.32 ... 2.77 1.57 EngGr-Cmg CIG ... 5 2.35 +0.15 ... 20.48 8.98 DesignerBrands DBI ... dd 13.82 –0.14 ... 52.85 36.14 Energizer ENR 2.9 21 40.99 +0.20 .30
61.76 44.92 Brady BRC 1.7 22 53.82 +0.33 .225 11.35 10.01 CascadeAcqn CAS.UT ... ... 10.20 +0.04 ... 6.80 5.01 COPEL ELP 11.1 14 5.57 +0.31 .0703 34.94 4.21 DesktopMetal DM ... dd 4.35 –0.17 ... 11.55 6.24 EnergyTransfer ET 6.4 5 9.59 +0.35 .1525
7.45 4.18 BraemarHtls BHR ... dd 5.63 +0.31 ... 10.45 9.72 CascadeAcqnA CAS ... 61 9.98 +0.02 ... 10.33 3.56 CiaSiderurgica SID 8.1 2 4.62 +0.37 .2433 17.66 7.97 Despegar.com DESP ... dd 9.94 +0.27 ... 28.84 18.69 EnerpacTool EPAC .2 34 20.16 –0.23 .04
15.17 10.63 BrandywineRealty BDN 5.3 93 14.31 –0.38 .19 1.92 0.41 CascadeAcqnWt CAS.WT ... ... .44 –0.04 ... 21.82 15.03 CerveceriasUnid CCU 7.2 13 17.13 +0.98 .7066 15.34 10.08 DeutscheBank DB ... 11 13.79 –0.30 ... 11.97 3.07 Enerplus ERF 1.1 dd 11.95 +0.85 .0327
6.83 3.85 BrasilAgro LND 8.9 6 5.15 +0.05 .4586 12.00 3.18 CasperSleep CSPR ... dd 5.40 –1.28 ... 33.31 20.35 CompassDiversif CODI 3.7 dd 27.27 –1.34 .25 51.45 16.11 DevonEnergy DVN 3.9 30 50.39 +1.50 .73 104.47 72.13 EnerSys ENS .9 23 80.35 +1.50 .175
26.93 8.56 Braskem BAK ... 3 18.87 +0.17 ... 2.71 1.35 CastlightHealth CSLT ... dd 2.04 +0.01 ... 22.11 8.09 Compass COMP ... dd 8.31 –0.23 ... 223.14 153.67 Diageo DEO 1.9 34 206.28 –5.10 2.4264 24.74 6.26 Eneti NETI .5 dd 7.68 –0.03 .01
25.61 14.05 BridgeInvt BRDG 4.3 20 22.16 –0.56 .24 142.64 97.86 Catalent CTLT ... 34 108.24 –7.22 ... 75.44 47.10 CompassMnlInt CMP 1.1 dd 54.61 –0.35 .15 11.49 8.02 DiamndrckHspty DRH ... dd 9.95 –0.12 ... 23.21 16.28 Enfusion ENFN ... ... 16.62 –2.08 ...
25.49 12.80 BrighamMin MNRL 3.8 dd 22.53 +0.12 .26 10.70 9.75 CatchaInvt CHAA.UT ... ... 9.87 –0.02 ... 12.00 9.59 ComputeHealth CPUH.UT ... ... 9.92 –0.06 ... 5.85 1.98 DianaShipping DSX 9.7 cc 4.11 ... .092 38.83 19.16 EngageSmart ESMT ... dd 21.13 –0.03 ...
17.93 2.82 BrightHealth BHG ... dd 3.00 +0.05 ... 10.25 9.59 CatchaInvtA CHAA ... ... 9.75 +0.03 ... 10.70 9.50 ComputeHlthA CPUH ... cc 9.75 –0.02 ... 147.39 64.20 Dick's DKS 1.6 9 111.61 +2.30 .4375 8.64 3.69 EnLinkMid ENLC 4.8 dd 7.78 +0.37 .0938
182.50 113.41 BrightHorizons BFAM ... cc 129.43 +3.04 ... 1.07 0.45 CatchaInvtWt CHAA.WT ... ... .53 –0.01 ... 2.25 0.77 ComputeHlthWt CPUH.WT ... ... .79 –0.06 ... 18.01 4.18 DiDiGlobal DIDI ... ... 4.67 +0.17 ... 22.24 17.65 Ennis EBF 5.1 18 19.45 +0.10 .25
6.64 1.00 BrightScholarEduc BEDU 20.5 dd 1.03 +0.01 .12 12.78 7.19 CatchMarkTimber CTT 3.5 19 8.61 –0.24 .075 11.34 4.37 ComstockRscs CRK ... dd 8.89 +0.32 ... 17.30 7.92 DieboldNixdorf DBD ... dd 10.96 +1.24 ... 44.15 22.01 EnovaIntl ENVA ... 4 44.14 +2.79 ...
31.17 17.86 BrightSphere BSIG .2 7 24.44 +0.15 .01 246.69 179.34 Caterpillar CAT 1.9 24 228.94 +4.75 1.11 39.09 30.44 ConagraBrands CAG 3.6 15 35.11 +0.36 .3125 15.27 3.66 DigitalMedia DMS ... 43 4.60 +0.13 ... 10.00 9.76 EnphysAcqn NFYS.UT ... ... 9.97 +0.02 ...
10.68 7.70 BrightSpire BRSP 7.1 dd 10.13 +0.05 .18 19.89 10.64 Cato CATO 4.1 10 16.68 –0.41 .17 15.28 9.89 ConcordAcqn CND.UT ... ... 11.04 –0.12 ... 3.73 0.27 DigitalMediaWt DMS.WT ... ... .38 –0.01 ... 10.05 9.57 EnphysAcqnA NFYS ... ... 9.72 +0.05 ...
19.17 12.47 BrightView BV ... 33 14.15 –0.02 ... 13.85 4.45 Cazoo CZOO ... dd 4.67 –0.02 ... 13.48 9.63 ConcordAcqnA CND ... dd 10.09 +0.02 ... 178.22 124.65 DigitalRealty DLR 3.0 66 155.88 –5.18 1.16 0.60 0.48 EnphysAcqnWt NFYS.WT ... ... .50 ... ...
78.33 33.52 BrinkerIntl EAT ... 13 36.43 –1.29 ... 4.82 0.76 CazooWt CZOO.WT ... ... .83 +0.05 ... 3.94 0.69 ConcordAcqnWt CND.WT ... ... 1.88 –0.48 ... 8.70 4.34 DigitalBridge DBRG ... dd 7.85 +0.15 ... 117.63 71.09 EnPro NPO .9 37 116.51 +1.58 .27
84.72 58.48 Brink's BCO 1.1 45 72.79 +4.57 .20 52.50 37.79 CedarFairRec FUN ... dd 46.53 –1.46 ... 10.30 9.61 ConcordAcqnII CNDA.UT ... ... 10.03 –0.05 ... 133.40 35.35 DigitalOcean DOCN ... dd 59.49 –11.24 ... 115.02 85.78 Entergy ETR 3.6 18 111.07 –1.06 1.01
69.75 53.22 BristolMyers BMY 3.3 dd 64.93 +2.10 .54 25.75 10.38 CedarRealty CDR 1.1 dd 24.34 –0.38 .066 10.70 9.66 ConcordAcqnIIA CNDA ... ... 9.71 –0.04 ... 416.71 63.55 Dillard's DDS .3 9 250.28 +16.76 .20 25.69 20.03 EnterpriseProd EPD 7.8 13 23.99 +0.59 .45
0.40 0.07 BristolMyersRt CELG.RT ... ... .19 +0.01 ... 176.50 115.42 Celanese CE 1.6 7 173.53 +1.46 .68 1.24 0.68 ConcordAcqnIIWt CNDA.WT ... ... .95 –0.08 ... 100.70 68.09 DineBrands DIN 2.2 16 72.26 –4.53 .40 9.34 3.05 Entravision EVC 1.6 12 6.25 –0.06 .025
39.72 24.02 Bristow VTOL ... dd 35.43 +1.88 ... 12.04 7.01 Celestica CLS ... 16 11.58 +0.49 ... 10.37 10.07 ConcordAcqnIII CNDB.UT ... ... 10.19 +0.01 ... 46.00 7.75 Dingdong DDL ... ... 8.63 –3.72 ... 88.45 61.00 Envestnet ENV ... cc 75.78 –2.10 ...
42.50 33.62 BritishAmTob BTI 6.9 12 42.45 +3.46 .7412 9.02 5.11 CementosPacasm CPAC 14.6 14 6.31 –0.17 .9957 9.95 9.72 ConcordAcqnIII A CNDB ... ... 9.87 –0.01 ... 10.02 9.78 DirectSellingA DSAQ ... ... 9.94 ... ... 46.88 33.75 Envista NVST ... 22 46.31 +1.89 ...
27.15 16.45 BrixmorProp BRX 3.6 37 26.52 +0.84 .24 9.09 5.66 Cemex CX ... 16 6.82 +0.27 ... 0.95 0.59 ConcordAcqnIIIWt CNDB.WT ... ... .68 –0.02 ... 10.25 10.06 DirectSellingUn DSAQ.UT ... ... 10.15 –0.01 ... 76.92 44.40 Enviva EVA 4.3 dd 73.08 –0.71 .84
11.10 8.85 BroadmarkRealty BRMK 8.6 16 9.79 +0.03 .07 14.96 5.56 CenovusEnergy CVE .7 51 14.85 +1.14 .0138 4.70 1.81 ConcordMed CCM ... dd 2.02 +0.02 ... 0.70 0.38 DirectSellingAcqnWt DSAQ.WT ... ... .40 –0.04 ... 4.85 2.61 EnzoBiochem ENZ ... 31 3.31 +0.15 ...
0.32 0.07 BroadmarkRltyWt BRMK.WT ... ... .10 ... ... 9.75 159.11 106.15 Conmed CNMD .6 68 135.24 –7.69 .20 135.69 81.27 DiscoverFinSvcs DFS 1.6 8 127.54 +1.85 .50 300.11 161.87 Equifax EFX .6 44 249.50 –17.95 .39
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

2.65 CenovusEnergyWt CVE.WT ... ... 9.75 +1.02 ...


185.40 137.91 BroadridgeFinl BR 1.6 34 160.06 –11.44 .64 85.44 57.16 Centene CNC ... 65 80.55 +4.21 ... 86.87 39.70 ConocoPhillips COP .9 26 86.74 +6.10 .20 203.02 142.04 Disney DIS ... cc 151.94 –5.89 ... 29.72 17.61 Equinor EQNR 1.5 34 29.29 +1.47 .18
28.00 17.72 Broadstone BNL 4.5 41 23.80 –0.45 .265 28.37 19.31 CenterPointEner CNP 2.5 18 27.61 –0.05 .17 86.25 65.56 ConEd ED 3.7 25 83.52 –2.15 .775 11.10 10.09 dMYTechVI DMYS.UT ... ... 10.32 –0.05 ... 36.33 24.56 Equitable EQH 2.0 dd 35.98 +0.49 .18
8.95 4.42 BrookdaleSrLiving BKD ... dd 5.41 +0.16 ... 11.67 6.64 CenterraGold CGAU 2.7 dd 8.19 +0.08 .0556 1.04 0.56 ConstellationI Wt CSTA.WT ... ... .60 –0.03 ... 10.45 9.76 dMYTechGroupVI DMYS ... ... 9.81 –0.01 ... 11.52 6.23 EquitransMdstm ETRN 5.4 18 11.14 +0.79 .15
62.20 37.64 BrookfieldMgt BAM .9 27 57.09 –0.28 .13 112.27 66.91 Centerspace CSR 2.9 dd 100.84 –2.42 .72 10.81 9.70 ConstellationI CSTA.UT ... ... 9.97 –0.07 ... 2.16 0.95 dMYTechGrpVIWt DMYS.WT ... ... 1.05 –0.01 ... 29.29 25.03 EquityCommnwlth EQC ... dd 26.77 +0.10 ...
85.00 47.98 BrookfieldReins BAMR .0 ... 58.94 –1.25 .13 9.61 4.69 CentraisElBras EBR 12.1 8 5.75 +0.36 .1551 10.10 9.50 ConstellationI A CSTA ... 25 9.80 +0.01 ... 104.74 83.10 DolbyLab DLB 1.1 31 91.95 –0.38 .25 12.12 9.99 EquityDistribution EQD.UT ... ... 10.02 –0.02 ...
51.98 35.39 BrookfieldBusPtr BBU .5 11 45.98 +0.05 .0625 30.97 18.38 CentralPacFin CPF 3.2 13 30.95 +0.60 .25 258.00 207.35 ConstBrands A STZ 1.2 dd 248.64 +2.46 .76 17.66 12.15 Dole DOLE 2.4 33 13.43 +0.30 .08 11.06 9.70 EquityDistrA EQD ... 36 9.83 +0.01 ...
80.60 56.89 BrookfieldInfr BIPC 3.1 dd 66.56 +2.24 .51 4.38 1.90 CentralPuerto CEPU ... 28 3.38 +0.31 ... 257.00 209.85 ConstBrands B STZ.B 1.1 dd 249.88 +1.55 .69 240.14 173.50 DollarGeneral DG .8 21 217.08 –21.19 .42 2.35 0.51 EquityDistrWt EQD.WT ... ... .57 –0.11 ...
62.48 50.00 BrookfieldInfr BIP 3.4 28 59.57 +0.68 .51 86.07 43.31 CenturyComm CCS .8 6 73.28 +2.40 .15 21.60 11.92 Constellium CSTM ... 9 19.60 +0.91 ... 10.61 3.97 Doma DOMA ... dd 4.15 –0.16 ... 88.70 58.27 EquityLife ELS 1.8 56 80.54 –0.46 .3625
60.67 33.14 BrookfieldRenew BEPC 3.6 dd 33.30 –1.43 .3038 130.37 78.20 CeridianHCM CDAY ... dd 82.83 –6.74 ... 19.31 9.25 ContainerStore TCS ... 5 10.60 –0.60 ... 2.00 0.63 DomaWt DOMA.WT ... ... .71 –0.11 ... 93.03 59.88 EquityResdntl EQR 2.7 34 90.83 +1.18 .6025
49.85 32.63 BrookfieldRenew BEP 3.7 dd 32.75 –1.37 .3038 29.42 18.20 ChannelAdvisor ECOM ... 35 22.27 +0.38 ... 55.48 18.03 ContinentalRscs CLR 1.2 23 52.28 +2.87 .20 81.08 67.85 DominionEner D 3.2 25 79.17 –1.04 .63 2.91 1.56 EquusTotReturn EQS ... dd 2.42 +0.11 ...
70.75 42.72 Brown&Brown BRO .6 33 67.05 –1.55 .1025 6.63 3.26 CharahSolutions CHRA ... dd 5.69 +0.36 ... 23.58 10.62 Volaris VLRS ... dd 19.50 +0.96 ... 105.25 91.90 DominionEnerUn DCUE 7.2 ... 101.11 –0.35 1.8125 12.65 9.22 ErmenegildoZegna ZGN ... dd 9.75 –0.27 ...
76.15 60.73 Brown-Forman A BF.A 1.2 39 62.72 –0.48 1.00 44.24 14.16 ChargePoint CHPT ... dd 14.69 –2.20 ... 14.29 6.01 ConveyHealth CNVY ... ... 7.60 +0.03 ... 567.57 319.71 Domino's DPZ .8 36 473.04 –35.39 .94 2.56 0.79 ErmenegildoZegnaWt ZGN.WT ... ... 1.87 –0.02 ...
81.57 65.54 Brown-Forman B BF.B 1.1 43 67.90 –0.25 1.00 460.21 249.48 CharlesRiverLabs CRL ... 46 355.01 +26.33 ... 463.59 359.84 Cooper COO .0 7 410.52 +1.88 .03 69.35 55.09 Donaldson DCI 1.5 25 59.28 –0.25 .22 25.99 12.78 EroCopper ERO ... 6 12.97 –1.44 ...
117.62 83.78 Brunswick BC 1.4 13 99.13 –1.09 .335 206.29 119.65 ChartIndustries GTLS ... 57 133.53 –4.29 ... 47.85 17.05 Cooper-Standard CPS ... dd 27.31 +2.23 ... 52.33 17.13 DonnelleyFin DFIN ... 17 40.22 +0.77 ... 2.63 0.21 ErosSTX ESGC ... ... .35 +0.10 ...
57.10 32.08 Buckle BKE 3.9 8 36.29 –3.43 5.65 14.95 10.55 ChathamLodging CLDT ... dd 13.83 +0.10 ... 7.20 0.40 CooTekCayman CTK ... dd .41 –0.07 ... 257.25 110.13 DoorDash DASH ... dd 131.53 –0.74 ... 54.22 39.62 EssentGroup ESNT 1.5 9 49.34 +1.62 .19
12.44 6.11 Buenaventura BVN ... dd 8.45 +0.96 ... 5.00 1.13 CheetahMobile CMCM ... 15 1.51 +0.23 ... 94.91 64.66 Copa CPA ... dd 87.93 +4.77 ... 15.68 10.82 DorianLPG LPG .0 6 13.44 –0.43 1.00 32.92 20.00 EssentialProp EPRT 3.8 cc 27.60 –0.70 .26
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

23.50 4.31 Build-A-Bear BBW .0 9 18.77 –2.39 1.25 115.21 24.25 Chegg CHGG ... dd 28.94 –0.61 ... 32.54 20.00 Core&Main CNM ... 49 24.45 –1.00 ... 48.42 25.29 DoubleVerify DV ... cc 25.77 –1.65 ... 53.93 41.11 EssentialUtil WTRG 2.2 30 49.41 –2.77 .2682
10.10 9.64 BuildAcqn BGSX.UT ... ... 10.00 +0.15 ... 560.00 403.00 Chemed CHE .3 26 485.52 –10.67 .36 49.87 21.08 CoreLabs CLB .1 41 27.35 +1.17 .01 51.44 34.99 DouglasDynamics PLOW 3.0 22 38.34 –1.03 .285 65.50 53.97 EssentialUtilUn WTRU 5.1 ... 59.13 –4.22 .75
10.00 9.60 BuildAcqnA BGSX ... ... 9.79 +0.04 ... 38.87 23.30 Chemours CC 2.8 15 36.16 +0.13 .25 54.58 30.52 CoreCard CCRD ... 40 38.55 +1.16 ... 12.66 9.33 DouglasElliman DOUG ... ... 10.64 +0.64 ... 359.49 235.19 EssexProp ESS 2.4 50 343.96 –0.35 2.09
0.99 0.53 BuildAcqnWt BGSX.WT ... ... .56 –0.09 ... 10.68 7.83 CherryHillMtg CHMI 12.9 30 8.35 –0.07 .27 12.35 5.92 CoreCivic CXW ... dd 10.95 +0.58 ... 36.97 27.15 DouglasEmmett DEI 3.2 99 35.31 –1.17 .28 374.20 231.97 EsteeLauder EL .7 39 322.05 –32.88 .60
86.48 37.46 BuildersFirst BLDR ... 11 78.68 +0.05 ... 146.30 99.64 ChesapeakeUtil CPK 1.4 29 135.91 –3.17 .48 11.04 2.95 CorEnergyInfr CORR 4.7 dd 4.30 +0.58 .05 184.05 115.88 Dover DOV 1.1 27 178.48 –4.44 .50 32.15 22.02 EthanAllen ETD 4.4 9 26.37 –0.06 .29
99.93 62.07 Bunge BG 2.1 6 98.71 +1.69 .525 129.20 84.57 Chevron CVX 4.2 25 128.96 +3.93 1.34 18.15 6.51 CorePoint CPLG ... dd 15.68 +0.03 ... 71.38 51.33 Dow DOW 4.6 8 60.74 +1.64 .70 11.20 7.55 Euronav EURN 1.3 dd 9.27 +0.13 .03
13.55 8.00 BurfordCapital BUR 3.8 dd 9.95 –0.64 .0625 120.00 43.12 ChewyA CHWY ... cc 44.86 –3.66 ... 19.73 10.68 CornerstoneBldg CNR ... 3 16.34 –0.24 ... 107.79 41.17 Doximity DOCS ... cc 46.03 –1.61 ... 10.10 9.96 EVeMobilityAcqnUn EVE.UT ... ... 10.05 +0.02 ...
357.34 222.75 BurlingtonStrs BURL ... 35 229.99 –23.49 ... 7.29 1.81 Chico'sFas CHS ... dd 4.79 –0.09 ... 46.82 35.03 Corning GLW 2.6 39 37.09 –0.88 .24 75.50 57.54 DrReddy'sLab RDY .4 36 62.64 –0.98 .3365 26.52 13.05 Eventbrite EB ... dd 16.24 –0.66 ...
29.13 5.77 ButterflyNtwk BFLY ... dd 6.76 +0.69 ... 16.85 10.00 ChimeraInvt CIM 8.9 5 14.75 –0.31 .33 6.37 3.55 CorpAmAirports CAAP ... dd 5.82 +0.02 ... 40.62 18.17 Dril-Quip DRQ ... dd 25.46 +2.76 ... 164.63 103.50 EvercoreA EVR 2.0 9 133.23 –3.81 .68
16.66 1.20 ButterflyNtwkWt BFLY.WT ... ... 1.40 +0.15 ... 26.19 17.09 ChinaEastrnAir CEA ... dd 19.32 –0.13 ... 30.51 25.11 CorpOfficeProp OFC 3.9 22 27.93 –1.25 .275 4.02 1.39 DriveShack DS ... dd 1.45 –0.05 ... 10.20 10.00 EverestConsol MNTN.UT ... ... 10.09 +0.04 ...
29.15 14.59 BylineBancorp BY 1.2 13 28.90 –0.10 .09 17.73 3.65 ChinaGreenAg CGA ... dd 8.52 –0.75 ... 10.22 9.71 CorsairPtrg CORS.UT ... ... 9.92 –0.03 ... 25.25 16.16 DuckhornPtf NAPA ... 41 21.53 –0.76 ... ... ... EverestConsolidA MNTN ... ... 9.85 ... ...
11.76 7.85 ChinaLifeIns LFC 4.9 6 8.71 +0.02 .4933 9.96 9.60 CorsairPtrA CORS ... ... 9.70 +0.01 ... 65.40 41.72 Ducommun DCO ... 16 45.55 –1.44 ... ... ... EverestConsolidWt MNTN.WT ... ... .50 ... ...
C 27.27
58.40
0.98
43.52
ChinaOnlineEduc
ChinaPetrol
COE
SNP
...
9.4
4
7
1.07
52.16
–0.03
+1.94
...
2.4674
1.19
49.98
0.70
36.54
CorsairPtrWt
Corteva
CORS.WT
CTVA
...
1.2
...
22
.84
48.60
+0.07
+0.18
...
.14
108.38
66.22
85.56
37.74
DukeEnergy
DukeRealty
DUK
DRE
3.8
1.9
27
25
104.04
59.81
–0.46
–0.40
.985
.28
290.47
69.45
209.63
51.92
EverestRe
Evergy
RE
EVRG
2.1
3.5
12
17
290.30
65.84
+11.13
–1.71
1.55
.5725
39.96 25.08 ChinaSoAirlines ZNH ... dd 31.10 +0.20 ... 21.30 13.59 Cosan CSAN 2.8 7 15.40 +1.34 .2635 26.03 16.61 Dun&Bradstreet DNB ... dd 19.70 +0.03 ... 26.61 12.32 Everi EVRI ... 31 20.37 +0.17 ...
290.71 215.18 CACI Intl CACI ... 15 278.23 +5.05 ... 16.72 7.70 Costamare CMRE 3.4 6 13.38 +0.73 .115 86.28 66.37 DuPont DD 1.4 8 84.97 +1.78 .30 92.66 76.64 EversourceEner ES 2.8 25 87.38 –2.28 .6025
8.41 3.37 CBD Pao CBD 10.5 13 3.64 +0.24 .2655 19.59 10.57 ChinaYuchai CYD 12.0 8 14.19 –0.38 1.70 23.64 14.28 CoterraEnergy CTRA 2.3 25 22.20 +0.65 .175 81.40 32.42 DutchBros BROS ... ... 45.17 –1.30 ... 51.06 33.85 Evertec EVTC .4 23 47.64 –0.45 .05
41.01 25.79 CBIZ CBZ ... 27 40.84 +2.61 ... 1958.55 1256.27 Chipotle CMG ... 60 1498.13 –99.68 ... 11.12 6.20 Coty COTY ... dd 8.93 –1.11 ... 105.28 62.88 DycomInds DY ... 68 96.43 +6.66 ... 34.60 16.81 EvolentHealth EVH ... dd 25.36 +2.30 ...
43.50 26.25 CBL Assoc CBL ... dd 30.33 +1.56 ... 157.46 100.11 ChoiceHotels CHH .6 37 152.27 –2.00 .2375 69.00 20.71 Coupang CPNG ... dd 21.21 –4.76 ... 3.72 2.42 DynagasLNG DLNG ... 2 3.04 +0.04 ... 49.38 22.00 EvoquaWater AQUA ... 91 38.62 –3.73 ...
111.00 60.60 CBRE Group CBRE ... 24 103.83 –0.95 ... 201.32 144.00 Chubb CB 1.6 10 196.26 –4.93 .80 62.53 21.69 Coursera COUR ... dd 22.11 –1.11 ... 80.13 39.82 Dynatrace DT ... cc 52.50 –1.55 ... 10.40 9.61 ExecutiveNtwkA ENPC ... 17 9.80 +0.01 ...
16.11 8.58 CCC Intelligent CCCS ... dd 10.64 +0.42 ... 42.87 38.49 ChunghwaTel CHT 2.8 26 42.68 +0.98 1.5457 42.41 31.22 CousinsProperties CUZ 3.0 50 41.45 –0.70 .31 20.51 15.32 DynexCapital DX 9.2 4 16.92 +0.01 .13 1.51 0.54 ExecutiveNtwkWt ENPC.WT ... ... .60 –0.03 ...
11.37 9.71 CCNeubergerII PRPB ... dd 9.90 –0.01 ... 104.41 77.62 Church&Dwight CHD 1.0 32 104.22 +0.62 .2525 108.67 72.47 Crane CR 1.6 15 106.82 +1.98 .43 13.97 1.12 Express EXPR ... dd 3.15 +0.10 ...
6.21 0.91 ChurchillV Wt CCV.WT ... ... 1.05 +0.01 ...
E
12.00 10.00 CCNeubergerII PRPB.UT ... ... 10.19 ... ... 11.06 7.23 Crawford A CRD.A 3.1 11 7.84 –0.04 .06 32.64 11.74 Expro XPRO ... dd 16.53 +0.96 ...
2.91 0.90 CCNeubergerIIWt PRPB.WT ... ... 1.20 –0.06 ... 13.75 9.92 ChurchillCapCorp.V CCV.UT ... ... 10.04 +0.02 ... 10.67 6.87 Crawford B CRD.B 3.0 11 7.87 –0.08 .06 5.97 2.67 Exterran EXTN ... dd 3.54 +0.07 ...
10.84 9.86 CCNeubergerIII PRPC.UT ... ... 10.02 –0.01 ... 13.88 9.22 ChurchillCapV A CCV ... dd 9.80 ... ... 169.50 88.67 Credicorp BAP .8 14 145.02 +10.90 1.2198 228.84 109.86 ExtraSpaceSt EXR 2.5 38 203.61 –4.84 1.25
10.10 9.65 CCNeubergerIII A PRPC ... ... 9.81 –0.03 ... 12.97 9.86 ChurchillCapVI CCVI.UT ... ... 9.98 –0.01 ... 14.95 9.06 CreditSuisse CS .4 cc 10.55 +0.36 .0542 10.00 9.83 EG Acqn EGGF.UT ... ... 9.90 ... ... 72.15 44.29 ExxonMobil XOM 4.9 dd 71.87 +2.99 .88
1.47 0.85 CCNeubergerIII Wt PRPC.WT ... ... 1.06 +0.02 ... 10.61 9.70 ChurchillVI A CCVI ... dd 9.78 ... ... 17.00 11.90 CrescentEnergy CRGY ... ... 15.13 +1.08 ... 9.95 9.59 EG Acqn A EGGF ... ... 9.72 +0.01 ...
1.99 0.86 ChurchillVI Wt CCVI.WT ... ... 1.06 +0.09 ...
F
74.77 39.87 CF Industries CF 1.8 48 66.44 –2.70 .30 6.79 2.66 CrescentPoint CPG 2.1 2 6.63 +0.52 .0352 1.00 0.53 EG Acqn Wt EGGF.WT ... ... .55 –0.06 ...
10.20 10.03 C5 Acqn CXAC.UT ... ... 10.05 –0.04 ... 11.50 9.74 ChurchillCapVII CVII.UT ... ... 9.89 –0.09 ... 33.94 18.88 CrestwoodEquity CEQP 8.5 dd 29.44 +0.88 .625 33.63 21.15 elfBeauty ELF ... 86 29.70 –1.37 ...
93.93 74.58 CGI GIB ... 20 85.68 +1.59 ... 10.00 9.64 ChurchillVII A CVII ... cc 9.73 –0.06 ... 10.26 7.73 CrestwoodEqUn CEQP.PR 8.5 ... 9.95 +0.35 .2111 135.98 87.36 EMCOR EME .4 19 124.65 –0.92 .13
22.50 9.88 CI&T CINT ... 56 12.07 +0.93 ... 1.90 0.83 ChurchillVII Wt CVII.WT ... ... .94 +0.01 ... 15.50 7.41 CrossTimbers CRT 7.7 13 13.40 +1.33 .1371 30.38 19.76 ENI E 3.7 29 30.38 +1.15 1.0194 14.10 10.03 FastAcqnA FST ... dd 10.19 +0.03 ...
24.52 12.36 CI Financial CIXX 2.8 14 20.72 –0.25 .1447 18.71 9.50 Cian CIAN ... dd 9.63 –0.66 ... 23.24 16.90 CrossAmerPtrs CAPL 9.8 44 21.45 +1.39 .525 106.02 50.08 EOG Rscs EOG 2.8 20 105.63 +7.47 .75 9.92 1.60 FastAcqnWt FST.WT ... ... 3.50 +0.35 ...
14.10 10.11 CITICCapAcqn CCAC.UT ... ... 10.35 +0.03 ... 78.28 47.52 Ciena CIEN ... 22 71.41 –1.64 ... 209.87 146.15 CrownCastle CCI 3.2 61 184.15 –10.58 1.47 725.40 333.68 EPAM Systems EPAM ... 75 543.06 –13.62 ... 10.00 9.60 FastAcqnII A FZT ... ... 9.70 –0.03 ...
12.21 9.81 CITICCapAcqnA CCAC ... 99 10.04 +0.01 ... 272.81 191.74 Cigna CI 1.7 10 242.17 +8.99 1.00 114.55 85.65 CrownHoldings CCK .7 26 113.13 +3.59 .20 56.07 34.25 EPR Prop EPR 6.3 cc 47.60 –1.12 .25 10.25 9.81 FastAcqnII FZT.UT ... ... 9.93 +0.03 ...
3.55 0.50 CITICCapAcqnWt CCAC.WT ... ... .66 –0.04 ... 27.85 13.84 Cinemark CNK ... dd 17.38 +0.21 ... 10.50 9.74 CrownPropTech CPTK.UT ... ... 10.11 +0.02 ... 9.99 9.57 EQ Health A EQHA ... 8 9.71 ... ... 1.67 0.71 FastAcqnII Wt FZT.WT ... ... .71 –0.17 ...
65.79 53.19 CMS Energy CMS 2.7 21 63.75 –1.33 .435 20.00 12.10 CinerRscs CINR 8.0 18 17.00 +0.13 .34 10.00 9.55 CrownPropA CPTK ... ... 9.88 ... ... 1.00 0.43 EQ Health Wt EQHA.WT ... ... .49 ... ... 49.62 34.99 FB Financial FBK .9 12 46.92 +0.49 .11
49.08 38.19 CNA Fin CNA 3.2 10 47.02 +0.28 .38 43.20 24.01 CircorIntl CIR ... dd 24.58 –1.11 ... 1.19 0.49 CrownPropWt CPTK.WT ... ... .61 +0.03 ... 24.84 15.35 EQT EQT ... dd 23.79 +0.98 ... 17.75 9.38 F45Training FXLV ... dd 12.39 +1.35 ...
17.13 10.85 CNH Indl CNHI .8 14 16.52 +0.37 .131 80.29 57.40 Citigroup C 3.0 6 66.93 +1.15 .51 14.39 9.70 CrucibleAcqn CRU.UT ... ... 9.95 ... ... 115.84 75.19 ESCO Tech ESE .4 35 88.23 +0.09 .08 50.40 22.04 Figs FIGS ... dd 23.28 +0.75 ...
27.89 21.06 CNO Financial CNO 2.0 8 26.21 +0.76 .13 56.40 35.09 CitizensFin CFG 2.8 11 56.35 +2.13 .39 11.10 9.62 CrucibleAcqnA CRU ... ... 9.75 ... ... 10.10 9.75 ESM Acqn ESM.UT ... ... 9.92 –0.01 ... 122.50 87.27 FMC FMC 1.9 25 114.10 +5.89 .53
16.08 10.41 CNX Resources CNX ... dd 15.79 +1.14 ... 7.06 4.81 Citizens CIA ... cc 5.09 –0.22 ... 3.30 0.61 CrucibleAcqnWt CRU.WT ... ... .62 –0.08 ... 9.92 9.61 ESM Acqn A ESM ... ... 9.73 +0.01 ... 14.00 9.79 FNB FNB 3.4 12 13.99 +0.27 .12
36.23 7.99 CONSOL Energy CEIX ... dd 25.54 +2.02 ... 21.70 9.31 CityOfficeREIT CIO 4.0 20 20.00 –1.24 .20 32.34 16.95 CryoLife CRY ... cc 19.15 –1.19 ... 1.15 0.57 ESM Acqn Wt ESM.WT ... ... .67 –0.01 ... 15.28 7.71 FreyrBattery FREY ... dd 9.34 –0.46 ...
54.54 40.92 CRH CRH 2.2 28 53.21 +0.25 .23 25.28 13.09 Civeo CVEO ... dd 20.56 +0.55 ... 57.34 33.68 CubeSmart CUBE 3.4 47 51.08 –0.12 .43 28.92 7.22 ESSTech GWH ... dd 8.00 –1.55 ... 4.92 1.25 FreyrBatteryWt FREY.WT ... ... 2.84 –0.22 ...
69.41 28.42 CS Disco LAW ... dd 29.65 –2.39 ... 59.65 19.57 CivitasRsrcs CIVI 3.2 17 57.03 +1.88 .4625 143.94 91.23 Cullen/Frost CFR 2.1 22 143.06 +7.49 .75 6.65 0.75 ESSTechWt GWH.WT ... ... 1.51 –0.54 ... 23.45 16.52 FS KKR Cap FSK 11.1 2 22.38 +0.56 .62
64.85 41.80 CTO Realty CTO 6.2 3 64.16 +1.43 1.00 34.79 17.18 Clarivate CLVT ... dd 18.00 –4.37 ... 17.88 8.62 Culp CULP 5.1 17 9.10 –0.86 .115 14.58 8.26 E2open ETWO ... dd 8.52 –1.61 ... 157.86 105.07 FTI Consulting FCN ... 21 151.30 +2.69 ...
39.49 28.72 CTS CTS .4 dd 35.84 –0.45 .04 18.59 14.96 ClarosMtg CMTG 8.2 ... 18.02 +1.06 .37 277.09 203.38 Cummins CMI 2.4 16 237.54 +3.19 1.45 4.72 1.66 E2openWt ETWO.WT ... ... 1.81 –0.69 ... 126.28 77.30 Fabrinet FN ... 28 118.10 –2.52 ...
176.94 27.33 C3.ai AI ... dd 27.98 –1.96 ... 11.15 9.81 ClassAccel CLAS.UT ... ... 10.01 +0.01 ... 142.46 103.55 CurtissWright CW .5 23 139.26 +0.43 .18 169.15 105.40 EagleMaterials EXP .6 19 158.87 –2.12 .25 495.40 294.21 FactSet FDS .8 41 427.11 –14.76 .82
20.10 12.58 Curo CURO 2.7 8 16.57 +0.16 .11 9.97 9.46 ClassAccelA CLAS ... dd 9.73 +0.02 ... 22.77 13.89 Cushman&Wkfd CWK ... 65 21.80 +0.08 ... 15.14 5.05 EarthstoneEner ESTE ... dd 14.43 +1.28 ... 553.97 342.89 FairIsaac FICO ... 33 436.44 –3.61 ...
22.24 11.22 CVR Energy CVI ... dd 22.22 +2.22 ... 1.29 0.48 ClassAccelWt CLAS.WT ... ... .51 –0.02 ... 11.36 6.09 CustomTruck CTOS ... dd 7.80 –0.02 ... 23.65 19.64 EasterlyGovtProp DEA 4.7 76 22.67 –0.39 .265 14.32 3.38 FangHoldings SFUN ... dd 4.27 +0.47 ...
101.01 14.70 CVR Partners UAN 9.3 cc 100.45 +13.59 2.93 118.89 75.65 CleanHarbors CLH ... 27 96.53 +0.71 ... 3.00 0.90 CustomTruckWt CTOS.WT ... ... 2.34 +0.05 ... 229.84 131.28 EastGroup EGP 2.1 68 207.51 –3.21 1.10 12.31 9.96 FarPeakAcqn FPAC.UT ... ... 10.45 –0.19 ...
107.26 68.02 CVS Health CVS 2.1 19 106.22 +2.03 .55 3.70 1.41 ClearChannelOutdr CCO ... dd 3.26 +0.06 ... 76.13 20.97 CustomersBancorp CUBI ... 10 74.71 ... ... 130.47 96.27 EastmanChem EMN 2.4 34 127.54 +5.13 .76 11.30 9.66 FarPeakAcqnA FPAC ... dd 10.00 –0.04 ...
2136.14 1524.57 CableOne CABO .7 29 1559.82 –109.18 2.75 65.70 23.95 ClearSecure YOU ... dd 24.42 –1.76 ... 3.63 0.93 CypressEnvl CELP ... dd 1.13 –0.10 ... 13.99 4.34 EastmanKodak KODK ... 8 4.51 –0.04 ... 3.62 0.76 FarPeakAcqnWt FPAC.WT ... ... 1.44 –0.34 ...
65.25 42.72 Cabot CBT 2.4 14 61.06 +2.55 .37 27.68 16.78 ClearwaterAnalytic CWAN ... dd 17.37 –2.77 ... 175.72 114.01 Eaton ETN 1.8 33 170.92 +3.07 .76 73.87 25.35 Farfetch FTCH ... dd 27.20 –2.19 ...
45.81 27.30 ClearwaterPaper CLW ... dd 36.62 –0.24 ...
D
46.94 24.98 Cactus WHD .9 81 45.97 +3.27 .10 238.93 201.15 Ecolab ECL .9 55 216.03 –13.84 .51 14.85 9.81 FarmlandPtrs FPI 1.6 dd 12.18 +0.50 .05
35.59 24.87 CadenceBank CADE 2.3 12 34.14 +0.72 .20 36.56 23.21 ClearwayEnergyA CWEN.A 4.2 cc 30.32 –0.95 .34 15.91 11.37 Ecopetrol EC .6 10 14.14 +0.78 .0932 122.75 30.08 Fastly FSLY ... dd 31.22 –1.79 ...
25.86 14.16 Cadre CDRE 1.5 50 21.58 +0.57 .08 39.75 24.93 ClearwayEnergyC CWEN 4.0 cc 32.96 –0.90 .34 18.90 9.12 Ecovyst ECVT .0 dd 10.41 +0.30 3.20 11.00 5.04 FathomDigital FATH ... cc 7.89 +2.24 ...
34.19 21.65 CAE CAE ... 74 26.40 +0.90 ... 26.51 12.77 Cleveland-Cliffs CLF ... 6 22.05 –1.29 ... 10.88 9.71 D&ZMedia DNZ.UT ... ... 9.87 –0.06 ... 51.86 29.87 EdgewellPersonal EPC 1.2 24 51.82 +2.96 .15 2.05 0.48 FathomDigitalWt FATH.WT ... ... .88 +0.32 ...
29.36 14.12 Caleres CAL 1.2 41 23.15 +0.57 .07 12.38 9.81 ClimateRealI CLIM.UT ... ... 9.93 –0.01 ... 10.84 9.60 D&ZMediaA DNZ ... dd 9.76 –0.01 ... 68.62 53.92 EdisonInt EIX 4.4 32 63.75 –1.25 .70 124.37 63.92 FedAgriMtg A AGM.A 3.0 12 118.35 –2.65 .88
56 BARRON’S January 17, 2022

New York Stock Exchange Composite List


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. NYSE CUMULATIVE DAILY BREADTH vs DJIA
137.01 74.50 FedAgriMtg C AGM 2.7 13 128.95 +1.28 .88 116.17 85.12 GeneralElec GE .3 23 103.16 +1.76 .08 6.76 2.88 HelixEnergy HLX ... dd 3.81 +0.18 ...
140.51 84.38 FederalRealty FRT 3.2 44 132.86 –1.51 1.07 69.95 54.31 GeneralMills GIS 2.9 19 69.90 +1.33 .51 36.26 20.93 Helm&Payne HP 3.3 dd 30.40 +2.62 .25
48.88 32.40 FederalSignal FSS .9 24 41.84 –0.06 .09 67.21 47.07 GeneralMotors GM ... 8 61.10 –1.17 ... 59.00 36.52 Herbalife HLF ... 10 45.14 +1.85 ... Grounded: NYSE Composite breadth fell for a second week, as the S&P
39.82 26.37 FederatedHermes FHI 2.8 13 38.05 –1.11 .27 73.72 35.48 Genesco GCO ... 6 62.36 +2.16 ... 203.14 61.19 HercHoldings HRI 1.2 26 162.96 +5.86 .50
319.90 216.34 FedEx FDX 1.2 17 256.22 –7.77 .75 13.48 5.73 GenesisEnergy GEL 5.3 dd 11.34 –0.51 .15 18.20 14.49 HerculesCapital HTGC 7.5 6 17.63 +0.60 .07 500 dipped 0.3% following the highest consumer inflation rate report
183.67 116.70 Ferguson FERG 1.4 21 172.33 –2.06 1.665 8.50 4.74 GenieEnergy GNE ... dd 5.31 –0.07 ... 12.20 5.47 HeritageInsurance HRTG 3.8 dd 6.25 –0.30 .06
278.78 183.82 Ferrari RACE .4 43 245.39 –11.63 1.0386 25.18 6.42 GeniusSports GENI ... dd 6.53 –0.80 ... 13.05 7.51 HershaHospitality HT ... dd 9.52 –0.27 ... since 1982. Declining stocks narrowly outpaced advancers on the NYSE.
22.00 13.79 Ferro FOE ... 28 21.66 –0.14 ... 12.53 1.79 GeniusSportsWt GENI.WT ... ... 1.86 –0.33 ... 199.91 143.58 Hershey HSY 1.8 29 199.53 +3.68 .901 BREADTH DJIA
56.44 35.72 FidNatlFin FNF 3.2 6 55.87 +2.61 .44 54.03 38.28 Genpact G .8 27 51.47 –0.81 .1075 93.37 53.43 Hess HES 1.1 cc 91.78 +5.16 .25
155.96 101.79 FidNatlInfo FIS 1.3 cc 118.04 +0.40 .39 142.97 93.62 GenuineParts GPC 2.4 25 138.11 –0.83 .815 30.71 20.36 HessMidstream HESM 6.8 18 30.22 +1.59 .5104
1.80 0.85 FigureAcqnI Wt FACA.WT ... ... 1.14 –0.03 ... 4.61 2.81 GenworthFin GNW ... 2 4.41 +0.15 ... 17.60 11.80 HewlettPackard HPE 2.7 7 17.56 +0.43 .12 615000 36600
11.95 9.61 FigureAcqnI FACA.UT ... ... 10.12 +0.06 ... 18.50 9.50 GeoPark GPRK 1.2 dd 13.50 +1.42 .041 64.99 42.91 Hexcel HXL ... dd 57.05 +2.35 ... DJIA s
10.55 9.63 FigureAcqnI A FACA ... 85 9.85 –0.02 ... 7.27 4.16 Gerdau GGB .5 4 5.11 +0.24 .2577 11.50 9.86 HighlandTransI HTPA.UT ... ... 10.39 –0.31 ...
11.67 3.66 FinanceofAm FOA ... dd 4.18 +0.11 ... 34.21 25.94 GettyRealty GTY 5.2 18 31.58 +0.18 .41 10.97 9.61 HighlandTransI HTPA ... dd 9.91 –0.03 ... 606000 35200
1.80 0.33 FinanceofAmWt FOA.WT ... ... .47 +0.11 ... 9.96 9.80 GigCapital5 GIA ... ... 9.90 +0.01 ... 2.90 0.65 HighlandTranIWt HTPA.WT ... ... 1.33 –0.18 ...
10.15 9.76 FinTechEvol FTEV.UT ... ... 9.90 –0.01 ... 10.82 10.13 GigCapital5 GIA.UT ... ... 10.37 –0.02 ... 48.98 37.01 HighwoodsProp HIW 4.2 18 47.29 +0.44 .50
10.29 9.60 FinTechEvolA FTEV ... cc 9.71 –0.04 ... 0.75 0.40 GigCapital5Wt GIA.WT ... ... .47 –0.05 ... 3.38 1.81 HillIntl HIL ... dd 2.00 –0.05 ...
1.43 0.46 FinTechEvolWt FTEV.WT ... ... .50 –0.05 ... 43.63 24.81 Gildan GIL 1.5 16 40.72 –0.88 .154 54.15 40.30 Hillenbrand HI 1.7 15 50.62 –1.33 .2175 597000 33800
10.61 3.30 FinVolution FINV 3.3 4 4.58 –0.11 .17 15.86 5.63 GinkgoBioworks DNA ... dd 5.79 –1.03 ... 39.60 28.04 Hilltop HTH 1.3 7 38.06 +0.76 .12
81.54 48.69 FirstAmerFin FAF 2.6 7 79.54 +2.05 .51 4.50 1.37 GinkgoBioworksWt DNA.WT ... ... 1.52 –0.29 ... 56.33 28.88 HiltonGrandVac HGV ... dd 51.70 –2.63 ... BREADTH 602,082 s
16.40 8.88 FirstBanCorp FBP 2.4 14 16.39 +0.43 .10 67.35 46.34 GlacierBancorp GBCI 2.1 18 59.72 +0.27 .10 159.21 98.57 Hilton HLT ... cc 147.98 –4.02 ...
17.55 11.53 FirstCmwlthFin FCF 2.6 13 17.55 +0.31 .115 19.48 13.34 Glatfelter GLT 3.0 31 18.51 +0.69 .14 25.40 5.10 Hims&HersHealth HIMS ... dd 5.29 –0.45 ... 588000 32400
9.90 1.45 First HS Educ FHS ... ... 2.09 +0.35 ... 99.00 39.35 Glaukos GKOS ... dd 53.70 +6.15 ... 15.05 2.31 Hippo HIPO ... dd 2.46 –0.01 ...
19.45 13.44 FirstHorizon FHN 3.2 11 18.63 +0.24 .15 45.67 33.53 GSK GSK 4.4 19 45.47 +1.62 .5234 4.82 0.39 HippoWt HIPO.WT ... ... .40 –0.11 ...
66.74 40.08 FirstIndRlty FR 1.7 34 62.41 +0.94 .27 14.35 5.74 GlobalBlue GB ... dd 7.00 +0.16 ... 19.46 13.28 HireRight HRT ... dd 13.96 –0.22 ...
10.28 9.73 FirstLightAcqnA FLAG ... ... 9.83 +0.01 ... 2.55 0.44 GlobalBlueWt GB.WT ... ... .56 +0.04 ... 18.17 3.77 HoeghLNG Ptrs HMLP .9 3 4.48 +0.03 .01 579000 31000
0.75 0.50 FirstLightWt FLAG.WT ... ... .50 –0.02 ... 6.31 3.80 GlobalCordBlood CO ... 7 4.40 –0.11 ... 13.64 9.24 Holley HLLY ... dd 13.03 +0.97 ...
24.01 9.86 FirstMajestic AG .2 71 10.70 +0.38 .0049 31.98 23.97 GlobalIndemnity GBLI 3.7 82 26.75 +0.90 .25 4.06 0.71 HolleyWt HLLY.WT ... ... 3.59 +0.19 ...
222.86 143.60 FirstRepBank FRC .5 26 192.06 –12.00 .22 45.97 32.39 GlobalIndl GIC 1.7 18 36.96 –1.15 1.00 23.69 13.96 HollyEnergy HEP 7.7 9 18.30 –0.19 .35 570000 29600
41.75 30.22 FirstEnergy FE 3.8 22 41.57 +0.16 .39 18.51 12.40 GlobalMedREIT GMRE 4.8 cc 17.15 –0.68 .205 42.39 27.17 HollyFrontier HFC .0 13 37.67 +4.02 .35
14.00 9.95 FirstMarkHorizon FMAC.UT ... ... 10.12 –0.03 ... 20.11 13.78 GlobalNetLease GNL 10.6 dd 15.08 –0.54 .40 29.76 20.69 HomeBancShares HOMB 2.2 13 25.74 –0.04 .14 F M A M J J A S O N D J
14.44 9.70 FirstMarkHorizonA FMAC ... cc 9.88 –0.02 ... 27.50 17.12 GlobalPtnrs GLP 8.6 28 26.50 +1.38 .575 420.61 246.59 HomeDepot HD 1.8 25 372.00 –21.61 1.65
4.50 0.65 FirstMarkHorizonWt FMAC.WT ... ... .70 –0.10 ... 220.81 116.75 GlobalPayments GPN .7 47 150.55 +0.35 .25 33.42 26.33 HondaMotor HMC 3.3 6 30.69 +0.94 .484 In generating this chart, we subtract each day's NYSE composite declines from that day's advances. The resultant total is
31.96 9.61 Fisker FSR ... dd 14.88 –1.36 ... 26.51 11.30 GlobalShipLease GSL 4.1 8 24.49 +1.88 .25 44.61 36.21 HoraceMannEdu HMN 3.1 11 39.77 +0.21 .31 added to the next day's total, and so on. When all five days' numbers are added together, this produces the weekly figure we
8.93 5.39 FivePoint FPH ... dd 6.55 +0.03 ... 354.62 188.67 Globant GLOB ... cc 251.72 +1.53 ... 13.19 9.96 HorizonAcqnII HZON.UT ... ... 10.10 ... ... plot. Dec. 31, 1985 =1000.
336.00 83.30 FiverrIntl FVRR ... dd 85.15 –13.46 ... 108.22 85.25 GlobeLife GL .7 14 105.97 +5.25 .1975 12.16 9.68 HorizonII A HZON ... 62 9.82 –0.01 ...
56.77 40.69 Flagstar FBC .5 5 52.05 +0.46 .06 84.23 59.37 GlobusMedical GMED ... 40 73.45 +1.86 ... 3.27 0.77 HorizonII Wt HZON.WT ... ... .83 –0.09 ...
10.36 9.63 FlameAcqn FLME.UT ... ... 10.00 –0.01 ... 93.75 65.70 GoDaddy GDDY ... 58 76.77 –0.05 ... 11.78 6.62 HorizonGlobal HZN ... dd 8.31 –0.30 ...
10.02 9.57 FlameAcqnA FLME ... 71 9.73 +0.01 ... 10.44 10.03 GoGreenInvts GOGN.UT ... ... 10.16 –0.03 ... 50.86 40.48 HormelFoods HRL 2.1 30 49.08 –0.77 .26 52-Week Tick Div 52-Week Tick Div
1.58 0.46 FlameAcqnWt FLME.WT ... ... .68 +0.03 ... 10.62 9.86 GoGreenInvtsA GOGN ... ... 9.91 +0.02 ... 110.45 69.04 DR Horton DHI .9 9 98.53 +3.29 .225 High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt.
295.36 200.78 FleetCorTech FLT ... 25 244.00 +0.97 ... 0.70 0.40 GoGreenInvtsWt GOGN.WT ... ... .45 ... ... 122.62 63.38 HoulihanLokey HLI 1.5 19 114.96 +3.64 .43
26.26 7.81 FlexLNG FLNG 12.0 11 24.90 +3.01 .75 12.53 7.75 GoldFields GFI 2.7 10 10.51 +0.33 .1106 146.34 33.53 Hovnanian HOV ... 1 119.86 +7.43 ... 32.95 15.11 IntlGameTech IGT 2.9 26 27.96 –1.04 .20 43.04 32.50 Kennametal KMT 2.2 28 36.86 –0.12 .20
145.89 81.20 Floor&Decor FND ... 39 105.64 –8.91 ... 10.68 9.56 GoldenFalconA GFX ... 46 9.76 ... ... 113.20 81.99 HowardHughes HHC ... dd 101.42 +0.03 ... 61.80 43.87 IntlPaper IP 3.7 11 49.50 +0.63 .5125 24.81 16.93 KennedyWilson KW 4.0 8 23.94 –0.28 .24
2.74 0.53 FlotekIndustries FTK ... dd .94 –0.14 ... 11.40 9.90 GoldenFalconAcqnUn GFX.UT ... ... 10.11 +0.03 ... 36.03 22.91 HowmetAerospace HWM .2 54 35.07 +1.06 .02 22.39 13.77 IntlSeaways INSW 1.6 dd 15.31 +0.10 .06 55.35 26.56 KenonHoldings KEN ... 4 55.10 +3.52 ...
29.19 21.72 FlowersFoods FLO 2.9 28 29.07 +1.04 .21 2.45 0.57 GoldenFalconWt GFX.WT ... ... .60 –0.01 ... 28.77 12.79 HuanengPower HNP 4.5 dd 21.83 –0.62 1.1071 10.18 9.70 InterPrivateII IPVA.UT ... ... 9.90 +0.06 ... 1.12 0.55 KensingtonV Wt KCGI.WT ... ... .92 +0.07 ...
44.39 28.15 Flowserve FLS 2.5 26 32.49 +0.85 .20 20.65 17.00 GoldmanSachsBDC GSBD 9.1 6 19.76 +0.42 .45 212.54 149.07 Hubbell HUBB 2.1 30 200.05 +0.01 1.05 10.71 9.52 InterPrivateII A IPVA ... ... 9.71 ... ... 10.97 9.95 KensingtonCapAcqnV KCGI.UT ... ... 10.53 +0.03 ...
25.68 14.41 Fluor FLR ... dd 23.12 –0.71 ... 426.16 270.62 GoldmanSachs GS 2.1 6 380.94 –16.57 2.00 866.00 347.78 HubSpot HUBS ... dd 462.20 –47.49 ... 1.59 0.73 InterPrivateII Wt IPVA.WT ... ... .77 –0.04 ... 10.38 9.71 KensingtonCapV A KCGI ... ... 9.85 +0.01 ...
89.59 67.74 FomentoEconMex FMX 1.7 64 82.83 +3.23 .5677 47.12 30.35 Gorman-Rupp GRC 1.6 36 41.84 –1.50 .17 9.60 5.22 HudbayMinerals HBM .2 dd 7.88 +0.54 .0079 10.00 9.65 InterPrivateII A IPVF ... ... 9.93 –0.02 ... 27.02 16.69 KeyCorp KEY 2.9 11 27.01 +0.66 .195
66.71 39.76 FootLocker FL 2.8 5 43.38 +1.33 .30 81.09 64.34 Graco GGG 1.1 30 75.31 –1.74 .21 30.35 22.80 HudsonPacProp HPP 3.8 dd 26.24 –0.84 .25 2.02 0.74 InterPrivateIII Wt IPVF.WT ... ... 1.20 +0.12 ... 209.08 129.09 KeysightTechs KEYS ... 39 187.14 –0.86 ...
25.87 9.82 FordMotor F 1.6 35 25.19 +0.75 .10 10.00 9.82 GrafAcqnIV GFOR.UT ... ... 9.90 ... ... 475.44 351.20 Humana HUM .7 19 391.66 +28.49 .70 39.35 23.89 Interpublic IPG 2.8 21 38.06 +0.52 .27 74.05 55.72 KilroyRealty KRC 3.0 12 69.91 –1.14 .52
10.59 9.76 ForestRoad II FRXB.UT ... ... 9.90 –0.05 ... 10.00 9.63 GrafAcqnIV GFOR ... ... 9.76 +0.04 ... 0.51 0.40 HuntCosI Wt HTAQ.WT ... ... .47 ... ... 52.91 21.92 IntrepidPotash IPI ... 22 42.57 +0.32 ... 16.15 8.09 KimbellRoyalty KRP 7.2 dd 15.73 +0.35 .37
10.16 9.60 ForestRoadII A FRXB ... 69 9.72 –0.01 ... 1.99 0.75 GrafAcqnIVWt GFOR.WT ... ... 1.11 +0.09 ... 10.21 10.06 HuntCosAcqnI HTAQ.UT ... ... 10.14 –0.01 ... 10.94 2.18 Invacare IVC ... dd 2.76 +0.03 ... 145.79 125.27 KimberlyClark KMB 3.2 24 143.20 –0.54 1.14
1.71 0.69 ForestRoadAcqnIIWt FRXB.WT ... ... .75 –0.06 ... 14.17 9.53 GrafTechIntl EAF .3 8 11.67 –0.14 .01 10.31 9.80 HuntCosI A HTAQ ... ... 9.93 +0.01 ... 28.90 1.10 InvenTrust IVT 3.0 cc 27.40 +0.45 .2052 25.62 15.91 KimcoRealty KIM 2.7 13 25.01 +0.26 .17
26.55 18.41 Forestar FOR ... 9 19.30 –0.89 ... 17.44 11.41 Graham GHM 3.2 dd 13.71 +0.90 .11 224.13 156.36 HuntingIngalls HII 2.4 12 197.68 +4.72 1.18 4.60 2.63 InvescoMtg IVR 12.8 9 2.81 –0.18 .09 19.29 13.75 KinderMorgan KMI 6.0 23 17.89 +0.62 .27
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

48.88 15.87 ForgeRock FORG ... dd 16.25 –3.04 ... 685.00 547.75 GrahamHoldings GHC 1.0 6 632.74 +1.60 1.51 38.51 24.10 Huntsman HUN 2.0 11 38.26 +2.49 .1875 60.25 10.88 Invitae NVTA ... dd 11.74 –0.81 ... 5.80 4.07 KingswayFin KFS ... dd 5.34 +0.09 ...
48.39 38.49 Fortis FTS 3.6 23 46.90 +0.38 .4248 527.06 356.23 Grainger GWW 1.3 29 504.56 –1.08 1.62 99.00 65.44 HyattHotels H ... dd 92.19 –4.75 ... 45.80 27.44 InvitatHomes INVH 1.6 cc 43.39 +0.47 .17 11.23 10.10 KingswoodAcqn KWAC.UT ... ... 10.37 –0.04 ...
79.87 64.58 Fortive FTV .4 16 72.50 +0.55 .07 44.31 29.12 GraniteConstr GVA 1.4 64 38.16 –0.46 .13 22.25 5.08 Hyliion HYLN ... dd 5.27 –0.55 ... 35.90 7.07 IonQ IONQ ... dd 12.93 –1.44 ... 10.35 9.77 KingswoodA KWAC ... dd 10.17 +0.02 ...
11.06 9.75 FortressCap FCAX.UT ... ... 9.89 –0.06 ... 15.92 9.03 GranitePointMtg GPMT 8.2 9 12.17 +0.30 .25 102.17 35.30 HysterYaleMatls HY 2.9 dd 44.83 –0.20 .3225 23.89 1.80 IonQWt IONQ.WT ... ... 4.43 –0.78 ... 1.29 0.40 KingswoodWt KWAC.WT ... ... .45 –0.05 ...
10.10 9.50 FortressCapA FCAX ... 86 9.76 –0.02 ... 83.81 55.47 GraniteREIT GRP.UT 3.0 5 78.67 –0.91 .2018 53.14 29.32 IronMountain IRM 5.5 20 44.77 –2.02 .6185 8.34 4.90 KinrossGold KGC 2.1 7 5.59 +0.14 .03
2.22
34.79
0.70
20.40
FortressCapWt
FortressTransport
FCAX.WT
FTAI
...
4.5
...
dd
.70
29.42
–0.20
+0.88
...
.33
21.56
25.24
15.36
16.30
GraphicPkg
GrayTelevision
GPK
GTN
1.5
1.4
24
9
19.49
22.88
–0.23
+1.39
.075
.08 I 47.50
11.90
3.22
0.63
IronNet
IronNetWt
IRNT
IRNT.WT
...
...
dd
...
3.46
.66
–0.15
–0.04
...
...
245.17
70.60
153.12
47.58
KinsaleCapital
Kirby
KNSL
KEX
.2
...
33
dd
205.97
66.93
–17.28
+3.27
.11
...
11.76 9.80 FortressValueIII FVT.UT ... ... 9.95 –0.02 ... 23.75 14.99 GrayTelevision A GTN.A 1.5 9 21.32 +1.79 .08 13.19 6.30 ironSource IS ... cc 6.55 –0.34 ... 46.98 31.72 KirklandLakeGold KL 1.9 12 40.41 +0.92 .1875
10.70 9.65 FortressVal III A FVT ... ... 9.78 –0.01 ... 14.74 9.62 GreatAjax AJX 7.2 9 13.27 –0.02 .10 65.50 46.00 IAA IAA ... 22 47.13 –2.31 ... 27.75 14.75 iStar STAR 2.0 26 25.21 +0.57 .125 23.14 15.52 KiteRealty KRG 3.2 cc 22.26 +0.31 .19
2.76 0.70 FortressVal III Wt FVT.WT ... ... .70 –0.09 ... 37.90 22.41 GreatWesternBncp GWB .5 10 37.05 –0.14 .05 22.34 14.20 ICICI Bank IBN .2 27 22.11 +0.41 .0547 6.11 2.75 ItauCorpBanca ITCB ... 30 3.62 +0.50 ... 62.29 39.17 Knight-Swift KNX .7 15 56.79 –1.75 .10
10.23 9.50 FortressValueIV A FVIV ... 62 9.74 –0.03 ... 32.25 18.27 GreenBrickPtrs GRBK ... 8 25.72 –0.07 ... 11.16 5.24 ICL Group ICL 1.4 25 11.04 +0.62 .0837 5.57 3.55 ItauUnibanco ITUB 3.1 8 4.25 +0.27 .0029 20.34 12.34 KnotOffshore KNOP 12.7 ... 16.44 +1.44 .52
1.75 0.71 FortressValueIV Wt FVIV.WT ... ... .75 –0.05 ... 58.00 33.26 GreenDot GDOT ... 58 34.63 –1.40 ... 114.19 85.30 IDACORP IDA 2.7 22 110.38 –3.25 .75 12.70 10.03 IvanhoeCap IVAN.UT ... ... 10.40 –0.05 ... 23.81 18.20 Knowles KN ... 25 23.15 –0.13 ...
9.85 2.91 FortunaSilver FSM ... 11 3.66 +0.06 ... 50.21 35.13 Greenbrier GBX 2.5 27 43.22 –1.47 .27 67.30 13.42 IDT IDT ... 12 40.61 –1.12 ... 11.47 9.50 IvanhoeCapA IVAN ... dd 9.96 ... ... 64.80 42.68 Kohl's KSS 2.1 7 47.77 –0.43 .25
114.01 80.40 FortBrandsHome FBHS 1.1 19 101.48 +0.16 .28 20.32 11.04 Greenhill GHL 1.0 6 19.34 –0.35 .05 18.48 11.81 IHS Holding IHS ... 37 11.95 –0.93 ... 4.00 0.86 IvanhoeCapWt IVAN.WT ... ... 1.37 –0.27 ... 61.23 32.69 KoninklijkePhil PHG 2.6 24 34.39 –3.38 1.0331
28.50 13.32 ForumEnergyTech FET ... dd 18.90 +1.07 ... 16.50 7.00 GreenTree GHG 7.4 18 7.21 –1.38 .53 135.82 83.26 IHS Markit INFO .7 79 121.77 –4.23 .20 69.16 35.48 KontoorBrands KTB 3.6 15 51.04 +0.39 .46
15.65 8.65 ING Groep ING 3.8 ... 15.52 +0.64 .5626
30.10 25.57 FourCornersProp FCPT 4.7 26 28.05 –0.42 .3325 72.00 44.64 Greif A GEF 3.0 9 61.91 +1.72 .46
J 39.44 27.91 Koppers KOP ... 8 31.46 –0.44 ...
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

2.64 0.53 FourSeasonsEduc FEDU ... dd .63 –0.05 ... 71.30 45.18 Greif B GEF.B 4.4 6 61.71 +1.61 .68 4.83 3.21 INNOVATE VATE ... dd 4.06 +0.25 ... 12.28 8.66 KoreaElcPwr KEP 4.9 dd 8.98 –0.03 .4875
163.79 105.62 Franco-Nevada FNV .9 36 130.04 +2.73 .30 29.42 21.47 Griffon GFF 1.4 17 25.57 –1.25 .09 29.71 19.50 Invesco IVZ 2.7 10 24.89 +0.35 .17 84.68 45.60 KornFerry KFY .7 15 73.40 +1.54 .12
17.74 14.26 FrankBSPRealty FBRT 7.6 6 14.99 –0.34 .285 212.23 130.30 Group1Auto GPI .7 6 183.58 –7.62 .35 10.14 9.64 IonAcqn3 IACC ... ... 9.76 –0.03 ... 10.54 9.92 JATT Acqn JATT.UT ... ... 10.09 –0.01 ... 4.71 1.80 KosmosEnergy KOS ... dd 4.58 +0.25 ...
52.52 23.82 FranklinCovey FC ... 39 49.78 –0.88 ... 144.25 98.07 GpoAeroportuar PAC .0 32 141.09 –0.56 1.9241 5.35 0.81 IONGeophysical IO ... dd .85 –0.04 ... 10.05 9.70 JattAcqnA JATT ... ... 9.83 –0.03 ... 46.60 26.70 Kraton KRA ... 15 46.32 +0.01 ...
38.27 24.91 FranklinRscs BEN 3.3 10 35.27 +0.11 .29 216.20 155.38 GpoAeroportSur ASR ... 29 215.73 +3.70 ... 285.61 170.00 IQVIA IQV ... 63 247.34 –9.57 ... 0.94 0.43 JattAcqnWt JATT.WT ... ... .48 ... ... 50.15 32.00 Kroger KR 1.7 37 49.12 +1.00 .21
10.30 9.60 FreedomI A FACT ... 66 9.71 +0.01 ... 6.90 5.05 GpoAvalAcc AVAL 4.7 7 5.39 +0.28 .0212 5.17 3.48 IRSA IRS ... dd 4.07 +0.09 ... 34.98 27.12 JBG SMITH Prop JBGS 3.1 dd 29.16 –1.60 .225 18.41 12.06 KronosWorldwide KRO 4.6 20 15.55 +0.23 .18
1.55 0.52 FreedomI Wt FACT.WT ... ... .55 ... ... 3.63 1.63 GpoSupervielle SUPV ... 18 1.93 –0.06 ... 2.76 0.14 IRSA Wt IRS.WT ... ... .18 +0.01 ... 31.47 22.90 JELD-WEN JELD ... 15 25.58 +0.60 ... 11.37 3.01 KukeMusic KUKE ... dd 4.31 +0.31 ...
46.10 24.71 FreeportMcM FCX .7 17 44.08 +2.20 .075 15.06 7.15 GrupoTelevisa TV .7 18 10.49 +0.48 .0881 105.54 74.56 ITT ITT .9 43 99.55 –1.02 .22 24.50 3.67 J.Jill JILL ... dd 16.88 –2.12 ... 40.00 15.45 Kyndryl KD ... dd 18.14 +0.35 ...
42.46 29.71 FreseniusMed FMS ... 18 33.80 +1.37 ... 31.12 19.56 Guess GES 4.0 9 22.68 +0.06 .225 3.85 2.16 IamGold IAG ... ... 2.62 –0.17 ... 172.96 127.35 JPMorganChase JPM 2.5 10 157.89 –9.27 1.00
36.57
9.86
22.92
5.73
FreshDelMonte
Frontline
FDP
FRO
1.7
...
15
dd
28.99
7.55
–0.08
+0.07
.15
...
130.95
17.93
91.77
12.25
Guidewire
GuildHldgs
GWRE
GHLD
...
.0
dd
3
103.66
13.98
–2.73
–0.09
...
1.00
10.25
9.95
9.80
9.60
IberePharm
IberePharmA
IBER.UT
IBER
...
...
...
cc
10.13
9.70
–0.13
–0.02
...
...
72.11
10.05
40.87
9.95
Jabil
JacksonAcqn
JBL
RJAC.UT
.5
...
14
...
70.72
9.96
+1.34
–0.03
.08
... L
57.47 12.67 fuboTV FUBO ... dd 13.12 –0.85 ... 88.86 58.71 GulfportEnergy GPOR ... dd 76.75 +0.46 ... 1.00 0.50 IberePharmWt IBER.WT ... ... .58 ... ... 47.76 22.29 JacksonFinl JXN 4.5 2 44.04 –1.73 .50
22.80 7.16 FullTruck YMM ... dd 8.86 +0.56 ... 10.28 10.00 IconicSports ICNC.UT ... ... 10.13 –0.02 ... 149.55 100.05 JacobsEngg J .6 43 132.92 –4.27 .21 11.65 0.49 LAIX LAIX ... dd .52 –0.06 ...
11.30 10.05 L&F Acqn LNFA.UT ... ... 10.35 ... ...
H
81.73 49.80 FullerHB FUL .9 27 77.01 +0.27 .1675 10.04 9.83 IconicSportsA ICNC ... ... 9.91 –0.03 ... 41.85 27.75 JamesHardie JHX .8 37 36.70 –0.38 .40
10.19 9.72 FusionAcqnII FSNB.UT ... ... 9.90 –0.01 ... 0.60 0.44 IconicSportsWt ICNC.WT ... ... .50 ... ... 48.55 27.96 JanusHenderson JHG 3.7 11 41.07 –1.78 .38 10.65 9.71 L&F Acqn A LNFA ... cc 10.04 +0.02 ...
9.85 9.60 FusionAcqnIIA FSNB ... ... 9.70 ... ... 240.33 185.23 IDEX IEX 1.0 39 220.31 –7.26 .54 15.94 10.97 JanusInternational JBI ... dd 11.17 –0.83 ... 1.95 0.51 L&F Acqn Wt LNFA.WT ... ... .66 +0.01 ...
1.09 0.47 FusionAcqnIIWt FSNB.WT ... ... .48 –0.12 ... 269.75 156.43 HCA Healthcare HCA .7 13 257.00 +4.79 .48 24.50 2.66 iHuman IH ... dd 2.89 –0.09 ... 10.97 9.90 JawsMustang JWSM.UT ... ... 9.99 –0.01 ... 163.33 122.99 LCI Inds LCII 2.5 14 144.43 –7.85 .90
17.86 7.04 FutureFuel FF 3.0 38 8.11 ... .06 139.80 53.27 HCI Group HCI 2.3 cc 70.58 –11.76 .40 249.81 192.89 IllinoisToolWks ITW 2.0 28 243.84 –2.29 1.22 10.10 9.64 JawsMustangA JWSM ... dd 9.76 –0.01 ... 12.31 7.25 LG Display LPL ... 5 10.23 +0.07 ...
84.70 61.35 HDFC Bank HDB ... 29 71.73 +1.14 ... 25.05 13.60 Imax IMAX ... dd 18.61 –0.39 ... 1.50 0.93 JawsMustangWt JWSM.WT ... ... .96 –0.02 ... 35.10 15.00 LL Flooring LL ... 7 15.87 –0.62 ...
.30 dd
G
11.51 9.75 HH&L Acqn HHLA.UT ... ... 10.02 +0.02 ... 7.97 2.42 IndependenceContr ICD ... dd 4.22 +0.69 ... 44.47 22.87 JefferiesFin JEF 3.2 6 37.63 –2.75 11.63 2.50 LSB Inds LXU ... 10.90 +0.59 ...
10.00 9.60 HH&L Acqn HHLA ... dd 9.70 –0.07 ... 57.43 36.99 Independence IHC .8 26 56.79 ... .22 5.39 0.73 JianpuTech JT ... ... 1.23 +0.04 ... 44.73 31.36 LTC Properties LTC 6.2 24 36.70 +0.91 .19
1.14 0.45 HH&L Acqn Wt HHLA.WT ... ... .50 –0.05 ... 25.98 13.15 IndepRealty IRT .4 81 23.46 –0.29 .0209 76.53 28.39 JinkoSolar JKS ... dd 47.34 +2.69 ... 246.08 168.70 L3HarrisTech LHX 1.8 30 227.86 +8.09 1.02
29.94 17.00 GAMCO Investors GBL .7 8 24.14 –0.41 .04 11.20 9.86 HIG Acqn HIGA.UT ... ... 9.99 –0.01 ... 9.94 9.80 IndlHumanCap AXH ... ... 9.94 +0.01 ... 17.00 5.56 JobyAviation JOBY ... 21 5.71 –0.59 ... 15.75 10.12 LXP Industrial LXP 3.4 18 14.15 –0.26 .12
107.33 84.50 GATX GATX 2.0 37 101.77 –1.13 .50 11.46 9.60 H.I.G.AcqnA HIGA ... dd 9.82 ... ... 0.70 0.31 IndlHumanCapWt AXH.WT ... ... .31 –0.03 ... 5.89 1.23 JobyAviationWt JOBY.WT ... ... 1.27 –0.18 ... 46.74 31.92 La-Z-Boy LZB 1.9 12 35.62 –0.48 .165
10.00 9.66 G&P Acqn A GAPA ... 44 9.87 +0.04 ... 2.04 0.54 H.I.G.AcqnWt HIGA.WT ... ... .57 –0.06 ... 47.80 38.30 IndustrsBachoco IBA 1.9 8 43.16 +1.52 .4249 177.56 115.61 JohnBeanTech JBT .3 41 149.36 –0.72 .10 317.17 212.85 LabCorp.ofAmerica LH ... 10 276.08 –9.19 ...
1.00 0.45 G&P Acqn Wt GAPA.WT ... ... .52 –0.01 ... 46.93 32.22 HNI HNI 3.0 25 41.93 +0.43 .31 10.07 9.76 InfiniteAcqnA NFNT ... ... 9.91 ... ... 179.92 151.47 J&J JNJ 2.5 25 167.84 –6.11 1.06 12.65 9.47 LadderCapital LADR 6.5 93 12.26 +0.06 .20
32.28 20.76 GCPAppliedTechs GCP ... cc 31.90 –0.02 ... 39.65 24.07 HP HPQ 2.6 7 38.42 –0.23 .25 10.30 10.00 InfiniteAcqnUn NFNT.UT ... ... 10.12 +0.08 ... 81.77 48.11 JohnsonControls JCI 1.8 34 76.56 –2.71 .34 86.41 50.22 LambWeston LW 1.4 52 68.93 –1.31 .245
11.00 4.96 GEO Group GEO .0 8 7.87 –0.16 .25 11.38 9.60 HPX A HPX ... dd 9.86 ... ... 0.70 0.55 InfiniteAcqnWt NFNT.WT ... ... .55 ... ... 275.77 145.09 JonesLang JLL ... 17 254.68 –2.95 ... 10.70 1.53 Lannett LCI ... dd 1.60 –0.05 ...
43.71 26.79 GFLEnvironmental GFL .1 dd 34.13 –1.17 .011 2.10 0.46 HPX Wt HPX.WT ... ... .48 –0.04 ... 9.92 9.85 InFinTAcqnA IFIN ... ... 9.91 ... ... 69.89 9.48 JumiaTech JMIA ... dd 9.83 –0.46 ... 99.26 22.62 LaredoPetrol LPI ... dd 75.12 +3.67 ...
97.17 67.19 GFL Env Un GFLU 3.8 ... 78.52 –2.37 .75 35.38 24.31 HSBC HSBC 3.1 13 35.35 +2.61 .35 10.10 10.00 InFinTAcqnUn IFIN.UT ... ... 10.05 –0.02 ... 10.28 10.08 JuniperII JUN.UT ... ... 10.17 –0.03 ... 66.77 33.75 LasVegasSands LVS ... dd 42.99 +5.09 ...
61.79 28.19 GMS GMS ... 13 55.13 +1.21 ... 36.33 6.08 HUYA HUYA ... 10 7.15 +0.15 ... 0.55 0.30 InFinTAcqnWt IFIN.WT ... ... .35 ... ... 10.12 9.72 JuniperII A JUN ... ... 9.90 +0.01 ... 53.00 38.68 Lazard LAZ 4.2 10 44.34 –1.66 .47
10.79 9.51 GoAcqnA GOAC ... 36 9.87 +0.01 ... 142.11 49.26 Haemonetic HAE ... 87 52.69 +0.06 ... 40.13 27.51 Informatica INFA ... dd 29.49 –0.63 ... 0.85 0.55 JuniperII Wt JUN.WT ... ... .70 ... ... 204.91 144.78 Lear LEA .9 21 191.05 +3.85 .77
11.40 9.93 GOAcquisitionUn GOAC.UT ... ... 10.04 –0.21 ... 19.97 9.61 Hagerty HGTY ... dd 15.00 –1.70 ... 26.39 16.88 Infosys INFY .9 38 26.20 +2.00 .2012 36.03 23.12 JuniperNetworks JNPR 2.3 76 34.64 +0.40 .20 10.25 9.69 LearnCW LCW.UT ... ... 9.97 –0.10 ...
2.11 0.54 GoAcqnWt GOAC.WT ... ... .60 –0.07 ... 6.88 0.54 HagertyWt HGTY.WT ... ... 4.69 –0.47 ... 62.64 40.64 IngersollRand IR .1 38 59.36 +0.06 .02 4.97 0.82 JupaiHoldings JP ... dd .84 –0.10 ... 10.18 9.61 LearnCWInvtA LCW ... ... 9.81 +0.01 ...
11.43 5.14 GOL Linhas GOL ... dd 6.17 +0.50 ... 28.85 17.23 Halliburton HAL .6 65 28.74 +2.72 .045 89.55 63.43 Ingevity NGVT ... 22 73.97 +0.37 ... 0.62 0.48 LearnCWInvtWt LCW.WT ... ... .57 ... ...
101.45
10.20
9.95
9.79
9.64
GSquaredII
GSquaredIIA
GSQB.UT
GSQB
...
...
...
...
9.95
9.83
–0.03
+0.03
...
...
26.00
22.82
13.16
14.84
HamiltonBeach
Hanesbrands
HBB
HBI
3.0
3.6 dd
7 13.36
16.79
–0.66
–0.07
.10
.15 288.02
73.82
160.91
Ingredion
InnovativeIndProp
INGR
IIPR
2.6
2.9
42
49
101.01
209.88
+1.50
–12.70
.65
1.50 K 59.16
113.75
37.05
82.75
Leggett&Platt
Leidos
LEG
LDOS
4.1
1.5
14
17
41.48
94.07
–0.48
+2.56
.42
.36
0.92 0.54 GSquaredIIWt GSQB.WT ... ... .65 +0.02 ... 26.69 16.16 Hanger HNGR ... 17 18.83 +0.40 ... 10.36 5.55 Innovid CTV ... ... 6.84 +0.26 ... 3.97 0.74 LejuHoldings LEJU ... ... .82 –0.03 ...
11.32 9.71 G Squared I GSQD.UT ... ... 10.07 +0.03 ... 69.31 44.59 HannonArmstrong HASI 3.0 44 46.19 –2.81 .35 1.92 0.70 InnovidWt CTV.WT ... ... 1.10 +0.11 ... 20.06 13.55 KAR Auction KAR ... dd 16.33 –0.37 ... 182.90 33.77 Lemonade LMND ... dd 35.22 –1.92 ...
10.02 9.07 GSquaredI A GSQD ... dd 9.90 –0.01 ... 143.20 111.09 HanoverIns THG 2.2 12 139.08 +2.52 .75 10.27 9.83 InsightAcqn INAQ.UT ... ... 9.98 –0.01 ... 53.67 36.26 KB Fin KB 3.5 6 52.73 +5.49 .6391 49.21 9.50 LendingClub LC ... dd 24.11 +1.68 ...
1.45 0.75 GSquaredI Wt GSQD.WT ... ... .80 –0.09 ... 52.06 31.20 HarleyDavidson HOG 1.6 11 38.18 –1.53 .15 10.00 9.70 InsightAcqnA INAQ ... ... 9.74 –0.04 ... 52.48 34.92 KB Home KBH 1.2 8 49.04 +9.28 .15 117.54 74.70 Lennar A LEN 1.4 8 108.16 +5.21 .375
105.92 48.38 GXO Logistics GXO ... 83 91.30 +7.87 ... 5.76 3.00 HarmonyGold HMY 2.1 7 3.72 +0.21 .0184 0.75 0.47 InsightAcqnWt INAQ.WT ... ... .48 –0.01 ... 49.99 28.43 KBR KBR .9 dd 47.85 +1.16 .11 96.42 60.33 Lennar B LEN.B 1.7 6 89.69 +4.52 .375
171.21 112.92 Gallagher AJG 1.2 34 157.70 –7.66 .48 23.73 13.29 Harsco HSC ... 95 17.39 +1.04 ... 129.32 75.24 Insperity NSP 1.7 35 106.81 –3.64 2.00 78.00 15.15 KE Holdings BEKE ... cc 21.00 +0.13 ... 356.36 268.74 LennoxIntl LII 1.3 22 291.42 –13.56 .92
483.00 34.01 GameStop GME ... dd 116.65 –23.97 ... 78.17 47.47 HartfordFinl HIG 2.1 12 72.45 +0.39 .385 286.29 159.18 InspireMedical INSP ... dd 237.54 +8.82 ... 10.22 9.90 KKR Acqn I KAHC.UT ... ... 10.02 +0.02 ... 10.79 9.83 LeoHoldingsII LHC.UT ... ... 9.97 +0.07 ...
7.05 3.66 Gannett GCI ... dd 5.30 +0.25 ... 52.84 27.07 HavertyFurn HVT 3.3 6 30.31 +0.07 2.00 141.43 99.36 InstalledBldg IBP 1.0 30 118.81 –2.00 .30 10.03 9.65 KKRAcqnI A KAHC ... ... 9.79 ... ... 10.54 9.50 LeoHldgsII A LHC ... cc 9.74 –0.01 ...
149.05 1.55 GaotuTechedu GOTU ... dd 1.81 +0.16 ... 45.97 32.96 HawaiianElec HE 3.2 19 42.08 –0.66 .34 46.50 24.22 InsteelInds IIIN .3 12 40.65 –0.61 2.00 1.53 0.90 KKRAcqnI Wt KAHC.WT ... ... .99 +0.04 ... 1.60 0.53 LeoHldgsII Wt LHC.WT ... ... .71 +0.01 ...
37.63 15.84 Gap GPS 2.6 14 18.27 +0.15 .12 0.65 0.40 HawksAcqnWt HWKZ.WT ... ... .41 –0.02 ... 29.59 18.52 Instructure INST ... dd 20.98 +0.49 ... 83.90 37.49 KKR KKR .8 8 69.40 –0.10 .145 30.84 19.25 LeviStrauss LEVI 1.1 21 23.10 –0.17 .08
178.81 113.59 Garmin GRMN 2.0 23 132.38 +1.43 .67 28.65 15.61 Hayward HAYW ... 96 22.15 –0.01 ... 101.61 73.32 IntegerHoldings ITGR ... 32 84.46 +4.03 ... 23.42 17.10 KKR RealEstFin KREF 7.8 10 22.18 +0.50 .43 15.74 7.69 Li-Cycle LICY ... dd 9.09 +0.07 ...
369.00 149.74 Gartner IT ... 35 286.01 –13.38 ... 33.77 28.73 HealthcareRealty HR 3.8 cc 31.46 ... .3025 10.15 9.94 IntegratedRail IRRX.UT ... ... 10.05 +0.01 ... 11.24 5.90 KoreGroup KORE ... dd 6.70 –0.07 ... 4.67 1.40 Li-CycleWt LICY.WT ... ... 2.29 +0.02 ...
5.94 2.46 GasLogPartners GLOP .9 3 4.60 +0.08 .01 34.83 26.11 HealthcareAmer HTA 4.0 66 32.78 –0.32 .325 9.89 9.80 IntegratedRailA IRRX ... ... 9.85 ... ... 2.25 0.67 KoreGroupWt KORE.WT ... ... .95 –0.07 ... 17.78 8.50 LibertyOilfield LBRT ... dd 12.45 +0.32 ...
18.94 13.71 GatesIndustrial GTES ... 19 16.59 +0.22 ... 37.69 28.86 HealthpeakProp PEAK 3.3 31 36.08 +0.11 .30 0.50 0.37 IntegratedRailWt IRRX.WT ... ... .42 +0.02 ... 15.35 10.41 KT KT 3.9 7 13.24 +0.65 .5639 154.45 79.33 LifeStorage LSI 2.9 49 138.80 –0.31 1.00
24.00 9.17 GatosSilver GATO ... dd 10.05 +0.48 ... 9.44 4.50 HeclaMining HL .3 cc 5.08 +0.21 .0112 10.18 10.03 IntegratedWellness WEL.UT ... ... 10.06 –0.04 ... 240.47 129.55 Kadant KAI .5 32 210.59 –5.37 .25 23.37 15.81 LifeTime LTH ... dd 17.45 +0.95 ...
12.23 6.00 Gelesis GLS ... dd 6.53 –3.20 ... 152.49 115.57 Heico HEI .1 69 152.37 +2.74 .09 139.79 108.95 ICE ICE 1.0 23 126.60 –6.65 .33 20.76 8.00 Kaleyra KLR ... dd 9.78 +0.98 ... 5.69 0.87 LightInTheBox LITB ... 84 1.02 ... ...
1.80 0.45 GelesisWt GLS.WT ... ... .48 –0.03 ... 139.65 104.11 Heico A HEI.A .1 59 129.96 –2.10 .09 75.20 58.74 InterContinentl IHG ... dd 67.79 –0.57 ... 8.50 1.66 KaleyraWt KLR.WT ... ... 2.19 +0.28 ... 17.36 5.67 Lightng eMotors ZEV ... dd 6.19 –0.63 ...
22.00 7.35 GencoShipping GNK 3.6 29 16.45 +0.46 .15 16.35 4.60 Heliogen HLGN ... dd 4.76 –2.17 ... 35.96 17.67 IntercorpFinSvcs IFS 2.4 8 31.68 +3.77 .65 58.86 33.93 Kaman KAMN 1.8 cc 44.72 +0.13 .20 5.00 0.97 LightningWt ZEV.WT ... ... 1.11 –0.27 ...
524.31 243.21 Generac GNRC ... 37 306.28 –10.27 ... 2.28 0.59 HeliogenWt HLGN.WT ... ... .77 –0.05 ... 145.99 112.10 IBM IBM 4.9 25 134.21 –0.62 1.64 68.60 56.61 Kellogg K 3.4 18 67.53 +0.93 .58 130.02 33.82 Lightspeed LSPD ... dd 36.56 +0.12 ...
214.70 146.53 GeneralDynamics GD 2.2 18 213.10 +1.01 1.19 114.89 53.53 HeliosTech HLIO .4 33 88.00 –9.64 .09 157.08 109.54 IntlFlavors IFF 2.2 cc 145.79 +3.82 .79 83.98 51.39 Kemper KMPR 1.9 55 64.00 +1.03 .31 283.90 178.58 EliLilly LLY 1.6 37 244.12 –15.38 .98
January 17, 2022 BARRON’S 57

New York Stock Exchange Composite List


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.
77.57 44.59 LincolnNational LNC 2.4 11 74.32 +1.22 .45 125.01 79.00 MeritageHomes MTH ... 7 115.29 +8.83 ... 28.44 21.09 NiSource NI 3.1 25 28.33 +0.46 .22 92.19 54.40 POSCO PKX 4.8 10 62.49 –0.99 .9327 10.41 9.85 PyrophyteAcqn PHYT ... ... 9.96 ... ...
352.18 240.80 Linde LIN 1.3 48 328.63 –7.65 1.06 33.56 20.50 Meritor MTOR ... 10 27.20 +1.05 ... 113.00 101.47 NiSourceUn NIMC 5.6 ... 112.83 +0.99 1.9375 182.97 132.10 PPG Ind PPG 1.4 28 165.00 –2.71 .59 0.70 0.49 PyrophyteAcqnWt PHYT.WT ... ... .50 ... ...
179.27 133.48 Lindsay LNN .9 36 140.14 +3.39 .33 7.74 4.04 MesaRoyalty MTR 4.1 24 7.09 +0.39 .1298 52.77 27.48 NoahHoldings NOAH ... dd 29.10 +0.35 ... 30.72 26.15 PPL PPL 5.5 81 29.97 –0.28 .415 12.13 8.05 PzenaInvtMgmt PZN 1.2 10 10.09 +0.51 .03
35.25 8.82 LionElectric LEV ... dd 9.84 +0.16 ... 39.61 20.22 MesabiTrust MSB 13.0 7 32.00 +1.80 1.75 29.06 20.34 Noble NE ... dd 26.12 –0.21 ... 60.50 39.94 ProgHoldings PRG ... 12 42.31 –1.00 ... 148.56 64.54 Q2Holdings QTWO ... dd 65.87 –9.79 ...
13.75 2.45 LionElectricWt LEV.WT ... ... 2.74 +0.07 ... 11.00 9.71 MetalsAcqn MTAL.UT ... ... 9.98 ... ... 9.79 3.75 Nokia NOK ... dd 5.93 –0.17 ... 10.30 9.95 PROOFAcqnIUn PACI.UT ... ... 10.01 –0.02 ... 59.00 45.58 Qiagen QGEN ... 19 48.48 –1.94 ...
21.42 11.57 LionsGate A LGF.A ... dd 18.34 +0.85 ... 10.00 9.62 MetalsAcqn MTAL ... ... 9.70 –0.09 ... 31.85 23.18 NomadFoods NOMD ... 19 26.54 +0.12 ... 50.90 23.08 PROS PRO ... dd 29.20 –2.45 ... 6.36 2.95 QuadGraphics QUAD ... dd 4.65 +0.41 ...
18.77 10.53 LionsGate B LGF.B ... dd 16.73 +0.69 ... 1.04 0.56 MetalsAcqnWt MTAL.WT ... ... .60 +0.02 ... 10.00 5.56 NomadRoyalty NSR 2.2 33 7.17 –0.42 .0399 189.23 132.20 PSBusinessParks PSB 2.4 32 174.65 –4.13 1.05 301.99 213.75 QuakerHoughton KWR .8 26 216.03 –11.60 .415
417.98 274.03 LithiaMotors LAD .5 9 306.98 +8.77 .35 50.20 37.51 MethodeElec MEI 1.1 16 49.01 +1.76 .14 6.72 4.10 NomuraHoldings NMR 3.9 dd 4.69 +0.14 .0865 17.14 6.64 P10 PX ... 31 13.30 +0.20 ... 29.02 20.32 QuanexBldg NX 1.3 14 24.01 –0.09 .08
41.56 11.84 LithiumAmericas LAC ... dd 30.46 +2.62 ... 68.58 47.69 MetLife MET 2.8 11 68.37 +1.11 .48 4.05 1.65 NordicAmTankers NAT 3.5 dd 1.72 –0.06 .01 125.42 78.76 PVH PVH .1 15 102.70 –4.26 .0375 124.69 69.84 QuantaServices PWR .3 28 106.64 –0.05 .07
127.75 65.88 LiveNationEnt LYV ... dd 114.81 –1.05 ... 115.78 37.50 MetropolitanBk MCB ... 18 110.29 –0.17 ... 46.45 18.95 Nordstrom JWN ... cc 22.26 –0.94 ... 156.54 124.78 PackagingCpAm PKG 2.9 18 137.31 –0.54 1.00 11.11 9.76 QuantumFin QFTA.UT ... ... 10.34 +0.04 ...
10.00 9.55 LiveOakCrestA LOCC ... ... 9.67 –0.08 ... 1714.75 1033.40 MettlerToledo MTD ... 47 1512.76 –29.63 ... 299.20 230.15 NorfolkSouthern NSC 1.4 25 288.28 –8.53 1.09 58.36 29.15 PagerDuty PD ... dd 31.00 –0.91 ... 10.22 9.50 QuantumFin QFTA ... dd 9.88 ... ...
10.30 9.81 LiveOakCrestview LOCC.UT ... ... 10.11 –0.08 ... 8.19 4.32 MicroFocus MFGP 3.4 dd 5.98 +0.34 .088 17.79 8.96 NorthAmConstr NOA .8 14 15.52 +0.42 .0324 62.83 22.02 PagSeguroDig PAGS ... 32 22.45 –1.25 ... 0.90 0.24 QuantumFinWt QFTA.WT ... ... .41 –0.04 ...
2.00 0.62 LiveOakCrestWt LOCC.WT ... ... 1.36 +0.12 ... 231.63 127.72 MidAmApt MAA 2.0 58 215.11 –1.31 1.0875 11.95 3.38 NoEuroOil NRT 4.2 26 11.28 +1.08 .14 45.00 15.35 PalantirTech PLTR ... dd 16.01 –0.55 ... 71.97 19.12 QuantumScape QS ... dd 20.68 –0.33 ...
10.53 9.83 LiveOakMobility LOKM.UT ... ... 10.00 –0.18 ... 47.57 31.51 MillerIndustries MLR 2.1 15 34.28 –0.06 .18 10.29 9.51 NorthernGenIII NGC ... ... 9.72 –0.01 ... 21.38 12.17 PampaEnergia PAM ... 4 19.48 +0.32 ... 3.82 0.81 Qudian QD ... 1 1.06 +0.04 ...
9.87 9.56 LiveOakMobilityA LOKM ... ... 9.76 –0.02 ... 88.62 61.59 MineralsTechs MTX .3 16 73.79 –0.18 .05 11.28 9.75 NorthernGenesisIII NGC.UT ... ... 9.92 –0.05 ... 20.18 12.43 ParPacific PARR ... dd 17.60 –0.08 ... 174.16 113.36 QuestDiag DGX 1.7 9 142.30 –13.57 .62
1.75 0.82 LiveOakMobilWt LOKM.WT ... ... .95 –0.21 ... 16.66 8.91 MirionTech MIR ... dd 9.19 –0.38 ... 1.69 0.76 NorthernGenIII Wt NGC.WT ... ... .83 –0.01 ... 90.35 43.72 ParTechnology PAR ... dd 44.10 –3.20 ... 17.93 5.09 QuotientTech QUOT ... dd 7.05 –0.30 ...
33.04 14.73 Livent LTHM ... dd 24.58 +0.78 ... 5.79 1.40 MirionTechWt MIR.WT ... ... 2.11 –0.04 ... 12.11 9.74 NorthernStarII NSTB.UT ... ... 9.81 –0.03 ... 10.71 9.94 ParabellumAcqn PRBM.UT ... ... 10.15 +0.03 ...
87.38
3.00
38.50
1.74
LiveRamp
LloydsBanking
RAMP
LYG
...
2.3
dd
8
44.82
3.00
–1.02
+0.16
...
.037
10.28
10.00
9.72
9.60
MissionAdv
MissionAdvA
MACC.UT
MACC
...
...
...
37
9.86
9.69
–0.03
–0.03
...
...
11.62
3.35
9.38
0.54
NorthernStrII A
NorthernStrII Wt
NSTB
NSTB.WT
...
...
dd
...
9.71
.55
–0.02
–0.08
...
...
10.05
0.65
9.75
0.41
ParabellumAcqn
ParabellumAcqnWt
PRBM
PRBM.WT
...
...
...
...
9.77
.44
+0.01
–0.02
...
... R
39.85 4.24 loanDepot LDI 6.5 6 4.90 +0.01 .08 0.98 0.46 MissionAdvWt MACC.WT ... ... .48 –0.02 ... 10.19 9.65 NorthernStrIII A NSTC ... dd 9.71 –0.01 ... 25.41 12.87 Paragon28 FNA ... ... 16.35 +0.94 ...
12.87 4.86 LocalBounti LOCL ... ... 5.20 +0.15 ... 24.49 15.67 MisterCarWash MCW ... dd 17.09 –0.96 ... 1.79 0.73 NorthernStrIII Wt NSTC.WT ... ... .77 –0.06 ... 11.65 7.79 ParamountGroup PGRE 3.0 dd 9.47 –0.18 .07 10.15 9.95 RCF Acqn RCFA.UT ... ... 10.15 +0.03 ...
2.00 0.60 LocalBountiWt LOCL.WT ... ... .75 –0.01 ... 12.57 6.66 MistrasGroup MG ... 54 7.17 –0.43 ... 10.19 9.64 NorthernStrIV A NSTD ... ... 9.71 –0.02 ... 16.20 12.73 ParkAerospace PKE 2.9 37 13.60 +0.08 .10 10.31 9.73 RCF Acqn A RCFA ... ... 9.91 +0.03 ...
396.99 319.81 LockheedMartin LMT 3.0 17 372.62 +12.48 2.80 6.30 4.53 MitsubishiUFJ MUFG 3.0 8 6.27 +0.30 .1115 2.00 0.72 NorthernStrIV Wt NSTD.WT ... ... .73 –0.07 ... 24.67 15.77 ParkHotels PK ... dd 19.44 –0.37 ... 0.76 0.50 RCF Acqn Wt RCFA.WT ... ... .57 +0.05 ...
61.93 45.11 Loews L .4 10 61.63 +0.85 .0625 16.79 10.49 MiXTelematics MIXT 1.8 18 11.41 –0.39 .0647 10.46 9.70 NorthernStarIII NSTC.UT ... ... 9.90 +0.01 ... 334.98 247.41 ParkerHannifin PH 1.3 23 326.93 +3.19 1.03 32.71 23.37 RELX RELX 2.2 32 30.20 +0.10 .1966
8.26 5.00 LomaNegra LOMA ... 11 6.28 –0.18 ... 3.21 2.33 MizuhoFin MFG 3.7 6 2.84 +0.15 .0574 10.20 9.70 NorthernStarIV NSTD.UT ... ... 9.90 ... ... 45.01 30.55 Parsons PSN ... 63 33.07 –0.11 ... 43.85 26.05 RE/MAX RMAX 3.0 dd 30.97 +1.06 .23
10.58 9.76 LongviewII LGV.UT ... ... 9.93 –0.04 ... 10.07 7.47 MobileTeleSys MBT 8.4 8 7.69 –0.29 .2903 408.03 282.88 NorthropGrum NOC 1.6 14 403.45 +3.03 1.57 11.06 4.85 PartyCity PRTY ... dd 5.65 –0.74 ... 22.23 8.83 REV REVG 1.4 21 14.12 –0.40 .05
10.25 9.71 LongviewII A LGV ... dd 9.80 –0.02 ... 48.20 25.83 ModelN MODN ... dd 27.87 –0.53 ... 56.75 41.71 NorthwestNat NWN 3.9 18 49.82 +0.02 .4825 558.97 302.44 PaycomSoftware PAYC ... cc 333.99 –21.81 ... 744.56 411.88 RH RH ... 21 447.46 –47.34 ...
1.95 0.57 LongviewII Wt LGV.WT ... ... .73 –0.09 ... 18.54 9.26 ModineMfg MOD ... dd 10.67 +0.09 ... 34.49 17.78 NorwegCruise NCLH ... dd 22.96 +0.76 ... 39.23 22.53 Paymentus PAY ... cc 28.23 –0.04 ... 117.84 95.53 RLI RLI .9 19 110.10 –2.49 2.00
79.77 37.24 LouisianaPacific LPX 1.0 5 75.60 +2.23 .18 77.49 48.76 Moelis MC 4.0 10 59.54 –2.87 2.50 21.90 5.07 NouveauMonde NMG ... dd 8.28 +0.79 ... 19.57 3.18 Paysafe PSFE ... dd 3.76 –0.16 ... 17.51 11.92 RLJ Lodging RLJ .3 dd 14.73 +0.25 .01
263.31 150.84 Lowe's LOW 1.3 21 243.40 –7.69 .80 231.80 141.64 MohawkInds MHK ... 11 170.77 –5.78 ... 98.52 79.34 Novartis NVS ... 21 90.55 +1.24 ... 6.15 0.52 PaysafeWt PSFE.WT ... ... .70 –0.05 ... 35.00 3.30 RLX Tech RLX ... 24 3.70 +0.03 ...
5.13 2.76 Luby's LUB .0 dd 2.86 ... 2.00 328.11 199.81 MolinaHealthcare MOH ... 28 286.10 –3.67 ... 117.35 66.59 NovoNordisk NVO 1.1 30 96.32 –5.17 .5503 19.83 2.61 PeabodyEnergy BTU ... dd 13.44 +2.07 ... 7.43 3.33 RPC RES ... dd 6.00 +0.28 ...
18.30 4.73 LufaxHolding LU ... 5 4.99 –0.38 ... 68.75 45.29 MolsonCoorsA TAP.A 2.3 dd 58.50 +2.45 .34 11.36 9.80 NovusCapII NXU.UT ... ... 10.30 –0.04 ... 12.39 7.68 Pearson PSO 3.2 17 8.50 +0.20 .0861 101.48 76.43 RPM RPM 1.7 26 91.75 –0.21 .40
16.60 10.87 LumenTech LUMN 8.1 dd 12.34 –1.43 .25 61.48 42.46 MolsonCoorsB TAP 2.6 dd 51.69 +1.05 .34 10.15 9.58 NovusCapII A NXU ... dd 9.93 –0.01 ... 26.45 17.57 PebblebrookHotel PEB .2 dd 23.96 +0.25 .01 14.99 8.99 RPTRealty RPT 3.5 18 13.62 –0.05 .12
4.48 3.09 LumentFinance LFT 10.8 11 3.33 –0.35 .09 12.90 2.91 MoneyLion ML ... 13 3.00 –0.37 ... 1.79 0.75 NovusCapII Wt NXU.WT ... ... 1.11 –0.08 ... 10.50 9.94 PegasusDigital PGSS.UT ... ... 10.11 +0.03 ... 11.33 2.19 RR Donnelley RRD ... 14 11.23 +0.02 ...
... ... LumentFinRt LFT.RTWI ... ... .14 ... ... 3.37 0.44 MoneyLionWt ML.WT ... ... .51 –0.01 ... 12.24 8.11 NuHoldings NU ... dd 8.12 –1.24 ... 9.95 9.70 PegasusDigA PGSS ... ... 9.85 +0.01 ... 5.91 1.56 RYBEducation RYB ... 5 2.09 +0.04 ...
23.91 15.32 Luxfer LXFR 2.7 17 18.47 –0.56 .125 21.14 17.00 MonmouthRealEst MNR 3.4 46 20.91 –0.03 .18 63.85 39.40 NuSkinEnts NUS 2.8 12 54.26 +0.63 .38 0.70 0.44 PegasusDigWt PGSS.WT ... ... .59 +0.07 ... 25.31 19.10 RadianGroup RDN 2.4 8 23.59 +1.03 .14
118.02 84.06 LyondellBasell LYB 4.4 6 102.81 +5.20 1.13 80.42 35.56 MontroseEnvl MEG ... dd 54.25 –4.99 ... 128.81 47.94 Nucor NUE 1.8 7 110.82 –3.62 .50 34.73 25.38 PembinaPipeline PBA 6.0 dd 32.22 +0.93 .1647 66.44 4.50 Rafael RFL ... dd 4.97 +0.27 ...
407.94 261.38 Moody's MCO .7 32 353.55 –18.85 .62 20.73 13.53 NuSTAREnergy NS 9.6 dd 16.62 +0.20 .40 3.47 0.84 PA Reit PEI ... dd 1.06 –0.12 ... 142.06 99.92 RalphLauren RL 2.4 21 114.84 –3.22 .6875
M 91.95
91.82
67.77
68.48
Moog A
Moog B
MOG.A
MOG.B
1.2
1.2
17
17
81.69
82.00
+1.00
–0.06
.25
.25
77.35
15.23
49.10
5.71
Nutrien
NuvationBio
NTR
NUVB
2.6
...
18
dd
71.98
6.01
+2.85
–0.69
.46
...
71.52
21.53
55.11
16.76
PennyMacFin
PennyMacMtg
PFSI
PMT
1.2
10.3 14
4 68.90
18.31
+1.11
+0.27
.20
.47
26.48
12.35
8.18
4.22
RangeResources
RangerEnergySvcs
RRC
RNGR
...
...
dd
dd
21.79
10.44
+3.08
+0.06
...
...
106.47 66.85 MorganStanley MS 2.8 13 98.88 –5.17 .70 5.12 1.08 NuvationBioWt NUVB.WT ... ... 1.08 –0.38 ... 114.34 59.45 PenskeAuto PAG 1.7 8 104.40 –2.65 .46 42.97 15.00 Ranpak PACK ... dd 32.22 –2.78 ...
185.38 128.46 M&T Bank MTB 2.6 13 185.34 +8.41 1.20 43.84 25.63 Mosaic MOS 1.0 9 43.23 +3.05 .1125 39.53 21.81 nVentElectric NVT 1.9 25 36.99 –0.38 .175 80.40 53.15 Pentair PNR 1.3 22 66.11 –3.29 .21 110.36 62.94 RaymondJames RJF 1.3 16 108.44 –0.63 .34
17.90 5.96 MBIA MBI ... dd 15.87 +0.55 ... 11.86 9.84 MotiveCapital MOTV.UT ... ... 10.18 –0.06 ... 320.00 226.02 Penumbra PEN ... cc 237.58 –16.92 ... 11.30 4.98 RayonierAdvMatls RYAM ... 5 6.60 +0.58 ...
63.86 43.69 MDC Holdings MDC 3.6 7 54.96 +3.78 .50
O
10.87 9.61 MotiveCapA MOTV ... dd 9.90 ... ... 59.89 38.82 PerformanceFood PFGC ... cc 48.07 +1.31 ... 41.09 30.27 Rayonier RYN 2.7 36 39.30 +0.42 .27
10.48 9.73 MDH Acqn MDH.UT ... ... 9.95 –0.10 ... 3.24 0.65 MotiveCapWt MOTV.WT ... ... .90 –0.17 ... 10.23 9.75 PeridotAcqnII PDOT.UT ... ... 9.88 ... ... 92.48 65.02 RaytheonTech RTX 2.2 42 92.33 +1.89 .51
9.93 9.60 MDH Acqn A MDH ... 86 9.80 –0.01 ... 10.03 9.93 MotiveCapII MTVC.UT ... ... 9.96 –0.03 ... 10.60 9.61 PeridotAcqnIIA PDOT ... ... 9.72 –0.01 ... 16.78 11.28 ReadyCapital RC 10.8 8 15.50 –0.52 .42
1.01 0.38 MDH Acqn Wt MDH.WT ... ... .40 –0.05 ... 273.65 167.07 MotorolaSol MSI 1.3 35 251.13 –1.42 .79 30.55 16.00 OFGBancorp OFG 1.6 12 30.54 +1.14 .12 1.65 0.60 PeridotII Wt PDOT.WT ... ... .63 –0.13 ... 21.03 12.89 Realogy RLGY ... 6 16.97 +0.80 ...
35.02 25.91 MDU Rscs MDU 2.9 15 30.46 –0.99 .2175 48.66 19.45 Movado MOV 2.6 10 38.88 –1.74 .25 38.57 29.18 OGE Energy OGE 4.3 16 38.00 +0.47 .41 15.14 10.63 PerimeterSolns PRM ... ... 13.35 –0.44 ... 72.55 55.58 RealtyIncome O 4.1 56 71.50 +0.09 .236
4.90 3.61 MFA Financial MFA 9.5 7 4.62 ... .11 63.07 34.06 MuellerIndustries MLI .9 9 58.09 –1.29 .13 19.46 10.64 O-I Glass OI ... 31 14.28 +1.26 ... cc 12.84 9.81 RedBallAcqn RBAC.UT ... ... 10.34 +0.04 ...
16.85 11.56 MGIC Investment MTG 1.9 9 16.46 +0.84 .08 21 26.49 23.35 PeriphasCapA PCPC ... 24.31 ... ...
17.37 11.77 MuellerWater MWA 1.7 30 13.34 –0.54 .058 81.90 62.52 ONE Gas OGS 2.9 80.43 +1.46 .58 5.50 1.36 PeriphasCapWt PCPC.WT ... ... 1.49 –0.09 ... 11.91 9.69 RedBallAcqnA RBAC ... 43 9.91 +0.01 ...
43.19 29.92 MGMGrowthProp MGP 5.4 28 38.62 +0.03 .525 9.69 3.48 MultiPlan MPLN ... dd 3.97 –0.06 ... 66.78 38.90 ONEOK OKE 6.0 20 62.61 +0.15 .935 2.90 0.68 RedBallAcqnWt RBAC.WT ... ... .99 –0.12 ...
203.16 119.95 PerkinElmer PKI .2 18 178.47 –3.18 .07
51.17 27.81 MGM Resorts MGM .0 34 44.47 –0.06 .0025 2.34 0.78 MultiPlanWt MPLN.WT ... ... 1.20 –0.05 ... 81.98 15.07 ON24 ONTF ... dd 16.64 +0.12 ... 14.69 3.30 PermianBasin PBT 1.7 66 13.12 +1.27 .0246 16.98 5.47 Redwire RDW ... dd 5.95 –0.37 ...
74.85 44.01 MI Homes MHO ... 5 58.69 +3.41 ... 32.12 11.66 MurphyOil MUR 1.6 dd 31.87 +1.06 .125 66.31 21.56 OakStreetHealth OSH ... dd 22.00 –3.47 ... 2.39 1.00 PermianvilleRT PVL 6.4 cc 2.24 +0.01 .025 7.88 0.95 RedwireWt RDW.WT ... ... 1.53 –0.23 ...
35.21 9.25 MinisoGroup MNSO ... 47 9.55 –0.95 ... 202.20 119.47 MurphyUSA MUSA .6 15 192.32 –2.59 .29 12.51 9.79 OaktreeAcqnII OACB.UT ... ... 10.15 ... ... 14.17 8.48 RedwoodTrust RWT 6.1 5 12.75 –0.29 .23
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

3.50 0.33 MOGU MOGU ... dd .37 +0.01 ... dd 8.00 2.97 PermRock PRT 7.3 16 7.51 +0.28 .0699 26
11.50 9.80 MusicAcqn TMAC.UT ... ... 10.03 +0.01 ... 11.28 9.55 OaktreeAcqnII A OACB ... 9.96 +0.05 ... 50.90 35.34 Perrigo PRGO 2.4 dd 39.73 –0.99 .24 176.91 122.47 RegalRexnord RRX .8 171.41 +0.81 .33
32.26 21.66 MPLX MPLX 8.9 12 31.51 +0.39 .575 9.95 9.60 MusicAcqnA TMAC ... cc 9.72 –0.04 ... 2.70 0.79 OaktreeAcqnIIWt OACB.WT ... ... .84 –0.12 ... 67.60 26.61 RegionalMgmt RM 1.8 7 54.43 –1.45 .25
34.10 19.54 PershingSquare PSTH ... 21 19.92 +0.07 ...
53.03 23.18 MP Materials MP ... 72 46.83 +1.31 ... 1.01 0.46 MusicAcqnWt TMAC.WT ... ... .59 –0.07 ... 35.75 19.46 OccidentalPetrol OXY .1 dd 35.51 +2.30 .01 17.80 0.73 PershingSquWt PSTH.WT ... ... 1.42 –0.04 ... 25.51 16.89 RegionsFin RF 2.7 10 25.41 +0.29 .17
12.21 6.38 MRC Global MRC ... dd 8.20 +0.56 ... 23.98 18.53 MyersIndustries MYE 2.8 24 19.23 –0.25 .135 16.67 8.05 OccidentalPetrolWt OXY.WT ... ... 16.50 +1.12 ... 54.50 30.30 PetroChina PTR 5.9 10 50.64 +2.61 1.7891 14.39 1.43 Regis RGS ... dd 1.48 –0.13 ...
172.84 136.91 MSA Safety MSA 1.2 62 146.60 +0.09 .44 27.43 13.14 MyovantSciences MYOV ... dd 15.35 +1.51 ... 18.20 8.27 OceaneeringIntl OII ... dd 13.80 +0.96 ... 134.93 94.32 ReinsGrp RGA 2.5 14 118.88 +2.96 .73
679.85 380.00 MSCI MSCI .8 64 526.74 –25.26 1.04 41.92 22.34 OcwenFinancial OCN ... 32 40.67 –0.63 ... 12.62 7.06 PetroleoBrasil PBR 15.6 3 12.61 +1.60 .381 181.21 114.26 RelianceSteel RS 1.7 10 166.33 –0.20 .6875
4.22 12.07 7.10 PetroleoBrasilA PBR.A 17.2 3 11.43 +1.46 .381
N
96.23 77.47 MSC Industrial MSM 3.5 20 85.39 +1.68 .75 20.97 Offerpad OPAD ... dd 4.37 –1.20 ... 175.12 137.66 RenaissanceRe RNR .8 dd 171.32 +5.13 .36
10.83 9.75 M3-BrigadeII MBAC.UT ... ... 10.30 +0.01 ... 4.04 0.52 OfferpadWt OPAD.WT ... ... .56 –0.18 ... 61.71 33.36 Pfizer PFE 2.9 16 54.95 –0.77 .40 26.30 24.20 RenaissancePfdG RNR.PRG 4.3 ... 24.34 –0.23 .2625
10.39 9.56 M3-Brigade II A MBAC ... dd 9.96 +0.01 ... 38.45 29.64 OilDriAmerica ODC 3.1 32 34.49 –0.30 .27 106.51 78.34 PhilipMorris PM 4.8 18 103.38 +4.24 1.25 35.77 4.84 ReneSola SOL ... 38 6.31 –0.06 ...
1.79 0.62 M3-BrigadeIIWt MBAC.WT ... ... 1.01 –0.09 ... 44.00 20.05 NACCO Inds NC 2.3 7 35.08 +0.92 .1975 9.49 4.42 OilStatesIntl OIS ... dd 6.61 +0.74 ... 94.34 63.19 Phillips66 PSX 4.2 dd 88.58 +6.62 .92 28.38 5.51 Renren RENN ... ... 19.48 +1.19 ...
10.25 9.90 M3-BrigadeIII MBSC.UT ... ... 10.08 ... ... 16.00 9.86 N-able NABL ... dd 10.16 –0.10 ... 26.69 17.94 OldRepublic ORI 3.4 5 26.07 +0.58 .22 44.46 24.21 Phillips66Ptrs PSXP 7.9 20 44.38 +3.26 .875 145.98 88.62 RepublicSvcs RSG 1.4 34 129.86 –3.91 .46
0.74 0.52 M3-BrigadeIIIWt MBSC.WT ... ... .54 –0.01 ... 50.00 31.32 NCR NCR ... dd 42.75 +1.22 ... 64.76 22.76 Olin OLN 1.4 9 55.47 +1.57 .20 2.83 0.78 PhoenixNewMedia FENG ... 1 .81 –0.02 ... 33.25 22.44 ResideoTech REZI ... 16 26.17 +1.32 ...
10.25 3.45 MV Oil MVO 14.1 13 9.11 –0.37 .41 4.09 1.38 NGL Energy NGL ... dd 2.20 +0.03 ... 49.00 16.69 Olo OLO ... dd 17.28 –1.47 ... 81.59 33.65 Phreesia PHR ... dd 35.55 –0.27 ... 301.34 179.37 ResMed RMD .7 74 252.16 +14.93 .42
36.25 17.29 Mytheresa MYTE ... dd 17.98 –0.77 ... 64.60 27.52 NIO NIO ... dd 30.95 +1.65 ... 39.31 27.06 OmegaHealthcare OHI 8.5 17 31.63 +0.26 .67 19.59 16.92 PhysiciansRealty DOC 4.9 54 18.78 –0.08 .23 17.65 7.20 ResoluteForest RFP .0 3 16.05 +0.92 1.00
25.99 11.04 Macerich MAC 3.4 dd 17.78 –0.39 .15 8.50 4.46 NL Industries NL ... 9 7.18 –0.18 ... 12.01 9.91 Omnichannel OCA.UT ... ... 10.25 +0.05 ... 20.35 15.15 PiedmontOfficeA PDM 4.3 46 19.40 –0.27 .21 71.12 54.18 RestaurantBrands QSR 3.7 24 57.19 –1.11 .53
40.85 3.53 MacquarieInfr MIC ... dd 3.63 ... ... 18.02 11.46 NOV NOV 1.2 dd 16.52 +1.44 .05 11.06 9.60 OmnichannelA OCA ... dd 9.97 +0.03 ... 15.59 9.83 PineIslandAcqn PIPP.UT ... ... 10.15 +0.01 ... 28.47 5.57 RetailValue RVI .0 dd 6.43 +0.13 3.27
14.30 9.68 PineIslandA PIPP ... 39 9.87 –0.02 ...
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

37.95 12.00 Macy's M 2.3 10 26.05 –0.31 .15 11.98 6.83 NOW DNOW ... dd 9.70 +0.47 ... 2.28 0.53 OmnichannelWt OCA.WT ... ... .60 ... ... 19.00 9.41 Revlon REV ... dd 10.34 –0.64 ...
121.42 60.26 MSG Entertainment MSGE ... dd 74.38 +1.98 ... 46.10 31.94 NRG Energy NRG 3.2 4 40.89 +0.33 .325 86.38 61.46 Omnicom OMC 3.5 12 79.60 +1.21 .70 3.98 0.71 PineIslandWt PIPP.WT ... ... .88 +0.03 ... 89.60 31.38 Revolve RVLV ... 39 46.57 –7.81 ...
207.09 152.42 MSG Sports MSGS ... dd 167.40 –1.02 ... 5982.45 3950.62 NVR NVR ... 19 5718.00 +279.12 ... 55.87 26.38 OnHolding ONON ... cc 28.03 –4.97 ... 37.23 19.83 PingIdentity PING ... dd 20.41 –0.44 ... 116.86 72.06 RexAmerRes REX ... 18 105.94 +6.92 ...
53.85 39.93 MagellanMid MMP 8.4 12 49.63 +2.08 1.0375 10.00 9.86 NaborsEnerA NETC ... ... 10.00 ... ... 36.60 19.46 OneLiberty OLP 5.4 20 33.58 –1.39 .45 88.54 62.78 PinnacleWest PNW 4.7 14 72.27 +1.47 .85 81.68 45.90 RexfordIndlRealty REXR 1.3 cc 74.04 –1.28 .24
104.28 69.28 MagnaIntl MGA 1.9 15 89.03 +3.47 .43 10.26 10.07 NaborsEnerTransUn NETC.UT ... ... 10.18 –0.01 ... 23.77 2.02 OneConnectFinTech OCFT ... dd 2.35 +0.06 ... 89.90 31.02 Pinterest PINS ... 65 32.83 +0.41 ... 16.36 9.78 RibbitLeapA LEAP ... 29 9.96 –0.03 ...
26.98 16.77 Magnachip MX ... 13 19.95 +1.66 ... 0.75 0.52 NaborsEnerWt NETC.WT ... ... .54 –0.11 ... 63.19 44.45 OneMain OMF 5.1 5 54.74 +1.61 .70 216.04 115.15 PioneerNatRscs PXD 1.1 39 215.70 +16.63 .62 17.00 9.94 RibbitLeapUn LEAP.UT ... ... 10.14 –0.04 ...
22.25 8.40 MagnoliaOil MGY .7 13 22.23 +2.34 .08 133.61 55.01 NaborsIndustries NBR ... dd 115.02 +20.26 ... 4.58 0.13 OneSmartIntl ONE ... dd .19 –0.10 ... 193.60 90.84 PiperSandler PIPR 1.2 13 167.39 –9.11 3.00 5.60 0.74 RibbitLeapWt LEAP.WT ... ... .94 –0.24 ...
10.62 9.73 MagnumOpus OPA.UT ... ... 10.45 +0.05 ... 37.88 6.71 NamTaiProperty NTP ... 9 9.44 –1.64 ... 11.71 2.16 OnionGlobal OG ... ... 2.28 ... ... 15.50 6.23 PitneyBowes PBI 3.0 68 6.60 –0.04 .05 11.04 10.00 RiceAcqnII RONI.UT ... ... 10.29 –0.04 ...
10.17 9.56 MagnumOpusA OPA ... ... 9.90 –0.03 ... 47.93 33.10 NatlBankHoldings NBHC 1.9 15 47.41 +0.01 .22 106.09 52.17 OntoInnovation ONTO ... 46 105.96 +10.74 ... 10.84 9.69 PivotalInvIII PICC.UT ... ... 9.88 ... ... 10.75 9.69 RiceAcqnII A RONI ... ... 9.90 –0.09 ...
1.63 0.47 MagnumOpusWt OPA.WT ... ... 1.05 +0.13 ... 65.95 39.80 NationalFuelGas NFG 2.8 16 63.97 –0.85 .455 24.89 13.32 Ooma OOMA ... dd 19.31 +0.04 ... 10.25 9.61 PivotalInvtIII A PICC ... 86 9.73 +0.01 ... 1.87 1.22 RiceAcqnII Wt RONI.WT ... ... 1.39 –0.03 ...
47.13 31.32 MainStreetCap MAIN 5.9 10 44.09 –0.31 .215 74.07 55.89 NationalGrid NGG 4.6 25 73.65 +2.04 1.1573 55.75 29.99 Oppenheimer A OPY 1.3 4 46.48 –3.09 .15 1.32 0.77 PivotalInvtIII Wt PICC.WT ... ... .80 –0.15 ... 10.46 9.75 RigelResourceA RRAC ... ... 9.90 +0.04 ...
20.86 13.75 ManchesterUnited MANU 1.3 dd 14.17 –0.59 .09 78.56 50.88 NatlHealthInv NHI 5.9 19 60.59 –0.41 .90 11.60 4.11 OppFi OPFI ... 7 5.66 +0.50 ... 99.60 67.89 PlanetFitness PLNT ... cc 86.78 –4.48 ... 0.75 0.54 RigelResourceWt RRAC.WT ... ... .57 –0.03 ...
28.33 12.61 Manitowoc MTW ... 42 19.45 +0.20 ... 117.87 78.33 NatlPrestoInds NPK 1.1 17 87.55 +4.03 5.25 3.24 0.54 OppFiWt OPFI.WT ... ... .99 +0.16 ... 12.15 4.95 PlanetLabs PL ... dd 6.36 +0.99 ... 449.00 165.51 RingCentral RNG ... dd 176.61 +4.26 ...
10.25 5.86 Manning&Napier MN 2.4 8 8.17 –0.11 .05 50.33 38.32 NatlRetailProp NNN 4.5 32 46.84 –1.09 .53 106.34 59.74 Oracle ORCL 1.5 25 87.69 +0.18 .32 4.90 1.03 PlanetLabsWt PL.WT ... ... 1.80 +0.19 ... 95.97 59.58 RioTinto RIO 9.1 7 75.40 +3.16 1.85
125.07 85.97 Manpower MAN 2.3 18 109.18 +8.91 1.26 70.04 35.81 NatlStorage NSA 2.8 70 63.74 –0.57 .45 13.09 9.85 Orange ORAN ... 27 11.41 +0.67 ... 50.89 22.69 Plantronics POLY ... 15 30.92 +2.62 ... 40.48 6.32 Riskified RSKD ... ... 6.56 –0.26 ...
22.25 17.66 ManulifeFin MFC 4.3 8 20.70 +0.49 .0395 23.73 7.53 Natura&Co NTCO ... 55 7.96 +0.12 ... 6.22 4.16 OrchidIslandCap ORC 18.5 dd 4.22 –0.41 .065 11.32 4.73 PlayAGS AGS ... dd 7.04 +0.30 ... 76.18 50.61 RitchieBros RBA 1.6 40 61.86 +2.07 .25
19.50 7.20 MarathonOil MRO .9 dd 19.47 +1.23 .06 12.97 8.00 NaturalGasSvcs NGS ... dd 11.39 +0.58 ... 38.75 27.25 Organon OGN 3.4 5 32.86 +0.45 .28 32.37 13.96 PlymouthIndREIT PLYM 2.9 dd 28.62 –0.26 .21 32.48 11.50 RiteAid RAD ... dd 12.38 –0.65 ...
74.77 42.32 MarathonPetrol MPC 3.1 42 74.74 +3.81 .58 18.75 9.88 NaturalGrocers NGVC 2.9 15 13.75 –0.81 .10 22.45 15.23 OrionEngCarbons OEC .4 8 19.20 +0.68 .02 147.73 100.52 Polaris PII 2.1 12 118.86 +4.01 .63 120.83 63.27 RobertHalf RHI 1.3 24 114.38 +4.38 .38
52.25 32.67 Marcus&Millichap MMI ... 19 48.86 +0.05 ... 39.48 14.22 NaturalResPtrs NRP 4.7 17 38.18 +3.40 .45 6.67 3.46 OrionGroup ORN ... dd 3.80 +0.02 ... 10.91 9.70 Pontem PNTM.UT ... ... 10.02 –0.04 ... 141.60 60.50 Roblox RBLX ... dd 79.05 –5.32 ...
24.71 14.42 Marcus MCS ... dd 17.60 +0.06 ... 23.11 10.75 Natuzzi NTZ ... dd 12.82 –2.25 ... 32.25 16.51 OrionOffice ONL ... ... 17.68 –0.32 ... 10.05 9.43 PontemA PNTM ... 52 9.77 –0.02 ... 43.00 13.09 RocketCos. RKT .0 6 13.42 –0.74 1.11
19.28 11.00 MarineProducts MPX 4.0 15 11.90 –0.31 .12 6.89 3.94 NatWest NWG ... 12 6.88 +0.19 ... 112.91 79.51 Orix IX 2.8 12 112.88 +6.61 1.4528 1.55 0.65 PontemWt PNTM.WT ... ... .77 –0.05 ... 10.70 9.60 RocketInternetA RKTA ... ... 9.76 –0.03 ...
70.89 39.63 MarineMax HZO ... 8 51.25 –5.25 ... 31.38 5.51 Nautilus NLS ... 3 5.73 –0.22 ... 128.87 63.71 OrmatTech ORA .6 66 76.57 +0.58 .12 53.84 41.01 PortlandGenElec POR 3.2 21 53.20 –0.07 .43 1.44 0.54 RocketInternetWt RKTA.WT ... ... .60 –0.12 ...
1343.56 942.44 Markel MKL ... 7 1276.61 +21.86 ... 12.46 7.84 NavigatorHldgs NVGS ... 45 9.43 +0.33 ... 37.00 6.59 OscarHealth OSCR ... dd 7.27 +0.38 ... 118.32 91.80 PostHoldings POST ... 48 117.80 +2.22 ... 16.99 3.53 RockleyPhotonics RKLY ... dd 3.55 –0.46 ...
15.10 4.72 Markforged MKFG ... dd 4.90 –0.51 ... 15.42 3.05 NaviosMaritime NM ... dd 3.47 –0.23 ... 137.47 88.31 Oshkosh OSK 1.2 18 124.13 +4.36 .37 11.04 9.94 PostHldgsPtr PSPC.UT ... ... 9.97 –0.06 ... 4.19 0.95 RockleyPhotonicsWt RKLY.WT ... ... .99 –0.03 ...
4.25 0.67 MarkforgedWt MKFG.WT ... ... .75 –0.18 ... 36.46 12.25 NaviosMaritime NMM .8 1 25.24 +0.18 .05 10.02 9.84 OsirisAcqn OSI.UT ... ... 9.99 +0.12 ... 10.21 9.45 PostHldgsA PSPC ... ... 9.79 ... ... 354.99 237.14 Rockwell ROK 1.4 28 325.05 –2.83 1.12
190.97 121.89 MarriottVacations VAC 1.3 dd 169.75 –2.31 .54 59.06 42.82 Neenah NP 3.8 dd 49.65 +2.81 .475 9.90 9.56 OsirisAcqn OSI ... 52 9.69 –0.01 ... 2.23 0.75 PostHldgsPartneringWt PSPC.WT ... ... .94 +0.14 ... 53.90 43.18 RogersComm B RCI 3.2 20 49.35 +0.61 .3973
175.12 106.95 Marsh&McLen MMC 1.3 30 161.20 –2.61 .535 99.79 67.93 Nelnet NNI 1.0 7 92.28 –4.47 .24 1.10 0.45 OsirisAcqnWt OSI.WT ... ... .49 –0.02 ... 21.27 15.51 PostalRealty PSTL 5.0 cc 18.10 –1.08 .225 274.17 155.42 Rogers ROG ... 51 273.36 –0.60 ...
446.46 280.38 MartinMarietta MLM .6 35 402.63 –26.57 .61 16.14 7.95 NeoPhotonics NPTN ... dd 15.11 –0.06 ... 15.12 9.77 OsiskoGoldRoyal OR 1.5 cc 11.66 +0.40 .043 36.56 13.05 PowerSchool PWSC ... dd 13.46 –0.58 ... 40.11 31.43 Rollins ROL 1.2 46 32.61 –1.08 .08
71.06 51.97 Masco MAS 1.4 37 67.28 +0.21 .235 13.49 3.83 NerdyA NRDY ... 12 4.09 –0.24 ... 92.84 61.28 OtisWorldwide OTIS 1.1 30 84.18 –0.18 .24 50.42 19.22 PrecisionDrilling PDS ... dd 44.86 +3.56 ... 23.35 3.01 RomeoPower RMO ... 43 3.12 –0.11 ...
10.50 9.77 MasonIndlTech MIT.UT ... ... 9.93 +0.02 ... 3.10 0.67 NerdyWt NRDY.WT ... ... .81 –0.07 ... 16.30 3.91 Ouster OUST ... dd 4.02 –0.56 ... 19.27 7.04 PrefApartment APTS 3.9 dd 18.09 +0.19 .175 505.00 365.23 RoperTech ROP .6 42 447.80 –13.63 .62
9.90 9.41 MasonIndlTechA MIT ... 37 9.72 –0.03 ... 26.93 16.63 Netstreit NTST 3.4 cc 23.26 +0.14 .20 4.49 0.64 OusterWt OUST.WT ... ... .69 –0.23 ... 63.83 37.07 PrestigeCnsHlth PBH ... 17 59.65 –0.67 ... 10.75 9.75 RossAcqnII ROSS.UT ... ... 9.99 ... ...
1.00 0.57 MasonIndlTechWt MIT.WT ... ... .60 –0.05 ... 184.86 78.36 Nevro NVRO ... dd 92.06 +13.04 ... 28.99 16.99 OutfrontMedia OUT 1.6 dd 25.47 –0.75 .10 14.79 8.29 PretiumRscs PVG ... dd 14.39 +0.29 ... 10.57 9.50 RossAcqnIIA ROSS ... ... 9.76 +0.02 ...
132.22 92.76 MasoniteIntl DOOR ... 19 111.02 +0.58 ... 11.70 8.30 NewFrontierHlth NFH ... ... 11.12 –0.02 ... 3.04 1.64 OverseasShip OSG ... dd 1.94 –0.04 ... 11.75 9.85 PrimaveraCap PV.UT ... ... 9.99 –0.02 ... 1.50 0.62 RossAcqnIIWt ROSS.WT ... ... .71 –0.14 ...
122.33 76.77 MasTec MTZ ... 19 96.44 +2.48 ... 3.00 1.77 NewFrontierWt NFH.WT ... ... 2.66 –0.09 ... 41.34 15.51 Ovintiv OVV 1.4 dd 41.33 +3.52 .14 10.25 9.56 PrimaveraCapA PV ... ... 9.72 –0.01 ... 117.34 80.53 RoyalBkCanada RY 3.2 13 117.33 +5.20 .9355
401.50 306.00 Mastercard MA .5 46 372.14 +2.49 .49 44.41 34.33 NewJerseyRscs NJR 3.7 32 39.21 –0.83 .3625 49.16 23.58 Owens&Minor OMI .0 14 44.24 –0.84 .0025 1.54 0.57 PrimaveraCapWt PV.WT ... ... .57 –0.06 ... 99.24 64.20 RoyalCaribbean RCL ... dd 84.15 +3.13 ...
47.23 13.90 MatadorRscs MTDR .4 19 45.32 +4.08 .05 19.97 1.68 NewOrientalEduc EDU ... 9 1.81 –0.05 ... 109.90 75.44 OwensCorning OC 1.5 10 94.54 +4.67 .35 11.55 9.87 PrimeImpactI PIAI.UT ... ... 9.97 –0.04 ... 50.75 35.73 RoyalDutchA RDS.A 2.5 43 50.05 +2.78 .48
96.00 63.88 Materion MTRN .5 30 89.61 –1.42 .12 129.70 51.52 NewRelic NEWR ... dd 105.09 +3.14 ... 14.97 12.79 OwlRock ORCC 8.5 9 14.52 +0.04 .31 10.92 9.60 PrimeImpactI A PIAI ... 53 9.84 –0.01 ... 50.44 33.54 RoyalDutchB RDS.B 3.3 43 50.08 +2.76 .48
94.54 58.49 Matson MATX 1.4 6 87.09 –0.74 .30 11.81 8.98 NewResidInvt NRZ 9.0 8 11.14 +0.27 .25 11.56 2.18 Owlet OWLT ... dd 2.22 –0.26 ... 2.00 0.48 PrimeImpactIWt PIAI.WT ... ... .50 –0.05 ... 26.55 9.47 RushStreetInt RSI ... dd 11.72 –3.37 ...
12.80 9.24 MauiLand MLP ... cc 10.00 +0.01 ... 14.80 5.79 NewYorkCityReit NYC 3.6 dd 11.11 +0.35 .10 2.10 0.32 OwletWt OWLT.WT ... ... .35 –0.03 ... 179.51 130.70 Primerica PRI 1.2 14 156.99 +2.69 .47 41.14 25.57 RyanSpecialty RYAN ... cc 36.09 –0.74 ...
58.75 25.07 MaxarTech MAXR .1 dd 29.51 –0.19 .01 14.33 10.28 NY CmntyBcp NYCB 5.1 10 13.26 +0.13 .17 114.47 63.77 OxfordIndustries OXM 1.8 17 93.81 –4.06 .42 20.12 14.20 PrimoWater PRMW 1.4 dd 17.25 –0.11 .06 93.05 61.36 RyderSystem R 2.9 12 78.98 +0.91 .58
96.05 74.38 Maximus MMS 1.5 17 77.15 –0.32 .28 58.73 39.73 NYTimes A NYT .7 45 43.04 +0.33 .07 29.15 17.89 ProAssurance PRA .8 11 25.51 +0.10 .05 30.05 11.55 RyersonHolding RYI 1.4 6 24.76 –1.54 .085
108.75 66.31 ProcoreTech PCOR ... dd 67.98 –3.23 ...
22.16
98.80
12.62
77.85
MayvilleEngg
McCormick
MEC
MKC
...
1.5
43
34
14.53
96.35
–0.18
+0.31
...
.37
428.54
75.31
297.29
52.60
NewMarket
Newmont
NEU
NEM
2.4
3.6
16
24
350.44
61.22
+8.02
+1.79
2.10
.55 PQ 165.32 121.54 Procter&Gamble PG 2.2 29 159.81 –2.93 .8698
96.69 61.24 RymanHospitality RHP ... dd 89.98 –1.93 ...
110.91 84.89 Progressive PGR .4 16 109.75 +0.57 .10
100.46
271.15
77.05
202.73
McCormickVtg
McDonalds
MKC.V
MCD
1.5
2.1
34
27
96.52
257.71
+0.02
–9.35
.37
1.38
4.08
12.86
1.92
6.50
NewparkResources
NexaResources
NR
NEXA
...
3.0
dd
7
3.64
8.86
+0.30
+0.32
...
.2643 18.78 7.24 PBF Energy PBF ... dd 18.15 +1.85 ... 169.93 94.14 Prologis PLD 1.6 59 152.74 –0.99 .63 S
1.71 0.80 McEwenMining MUX ... dd .91 ... ... 23.97 15.61 NexPointRealEst NREF 9.1 5 20.86 +1.14 .475 16.70 9.65 PBF Logistics PBFX 9.5 6 12.58 –0.19 .30 13.99 6.39 ProPetro PUMP ... dd 10.63 +1.03 ...
256.85 169.34 McKesson MCK .7 dd 256.52 +6.76 .47 84.54 39.13 NexPointResidentl NXRT 1.8 dd 82.46 +3.27 .38 13.01 8.24 PG&E PCG ... dd 13.01 +0.80 ... 83.02 64.40 ProsperityBcshs PB 2.6 14 79.55 +2.36 .52 151.48 120.08 SAP SAP 2.1 24 138.90 +0.64 2.2599
5.19 1.58 Mechel MTL ... 1 3.16 –0.12 ... 18.59 5.98 Nextdoor KIND ... ... 6.20 –0.56 ... 122.56 86.26 PG&EUn PCGU 4.5 ... 122.56 +6.10 1.375 286.57 47.57 ProtoLabs PRLB ... 45 50.32 –1.85 ... 484.21 303.50 S&P Global SPGI .7 37 432.36 –14.39 .77
70.33 12.68 MediaAlpha MAX ... dd 15.51 +0.72 ... 93.73 68.33 NextEraEnergy NEE 1.9 69 83.20 –3.21 .385 28.11 18.81 PGT Innovations PGTI ... 49 21.90 +0.18 ... 26.20 17.57 ProvidentFinSvcs PFS 3.7 12 26.00 –0.02 .24 13.29 10.00 SCVX SCVX.UT ... ... 10.10 –0.04 ...
24.13 19.39 MedicalProp MPW 4.6 25 24.13 +0.88 .28 58.26 46.18 NextEra6.219%Un NEE.PRQ 5.8 ... 53.48 –1.41 .7774 4.37 1.96 PHX Minerals PHX 2.3 dd 2.61 +0.29 .015 117.96 77.27 PrudentialFin PRU 3.9 6 117.40 +2.61 1.15 11.59 9.66 SCVX SCVX ... 30 9.99 ... ...
336.99 184.48 Medifast MED 2.8 15 203.96 –10.68 1.42 68.29 53.20 NextEraEnergyUn NEE.PRO 4.0 ... 61.15 –2.25 .609 89.50 64.81 PJT Partners PJT .3 16 73.11 –0.38 .05 43.60 30.76 Prudential PUK .9 dd 36.30 +0.37 .1074 2.75 0.23 SCVX Wt SCVX.WT ... ... .32 ... ...
35.67 20.27 Mednax MD ... cc 26.91 +0.36 ... 57.67 46.26 NextEraEnergyUn NEE.PRP 5.0 ... 53.05 –1.81 .6599 38.05 23.71 PLDT PHI 3.2 17 37.47 +1.56 .844 67.62 53.77 PublicServiceEnt PEG 3.1 dd 65.25 –1.75 .51 9.80 9.57 SDCLEDGEAcqn SEDA ... ... 9.68 –0.02 ...
135.89 98.38 Medtronic MDT 2.3 31 108.55 +3.39 .63 88.80 63.50 NextEraEnergy NEP 3.4 28 76.25 –2.85 .685 11.70 9.84 PMV Consumer PMVC.UT ... ... 10.06 –0.01 ... 377.36 218.58 PublicStorage PSA 2.2 43 361.79 +5.88 2.00 10.44 9.87 SDCLEDGEAcqnUn SEDA.UT ... ... 10.01 +0.04 ...
14.87 9.56 MemberCollect MCG ... dd 10.14 –1.20 ... 6.04 3.06 NexTierOilfield NEX ... dd 6.00 +0.52 ... 10.60 9.63 PMV Consumer PMVC ... 48 9.82 –0.01 ... 63.91 42.15 PulteGroup PHM 1.1 9 57.09 +4.81 .15 0.75 0.49 SDCLEDGEAcqnWt SEDA.WT ... ... .60 +0.03 ...
91.40 68.38 Merck MRK 3.4 29 81.38 +1.08 .65 28.42 18.76 NielsenHoldings NLSN 1.2 30 20.51 –0.49 .06 1.60 0.50 PMV Consumer Wt PMVC.WT ... ... .60 +0.05 ... 35.09 16.79 PureStorage PSTG ... dd 27.59 –2.24 ... 6.28 2.62 SeacorMarine SMHI ... 21 4.11 +0.30 ...
67.88 50.37 MercuryGeneral MCY 4.6 8 55.17 –1.10 .635 179.10 125.44 Nike NKE .8 39 148.18 –8.79 .305 228.14 141.60 PNC Fin PNC 2.3 17 222.20 –1.53 1.25 9.17 0.28 Puxin NEW ... dd .31 –0.04 ... 9.17 6.28 SFL SFL 8.4 dd 8.55 +0.12 .18
29.00 17.26 MeridianLink MLNK ... dd 18.29 +0.22 ... 4.04 0.79 NineEnergy NINE ... dd 1.20 –0.04 ... 50.11 43.84 PNM Resources PNM 2.8 20 46.19 +0.22 .3275 10.25 10.08 PyrophyteAcqn PHYT.UT ... ... 10.14 –0.03 ... 11.40 6.97 SignaSports SSU ... dd 8.45 –0.20 ...
58 BARRON’S January 17, 2022

New York Stock Exchange Composite List


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.
2.77 0.62 SignaSportsWt SSU.WT ... ... .74 –0.06 ... 83.29 54.92 SoCopper SCCO 4.7 17 67.80 +3.45 1.00 10.70 5.55 TechnipFMC FTI ... 25 7.05 +0.20 ... 42.10 30.02 US Foods USFD ... cc 36.95 +1.03 ... 152.57 126.28 Walmart WMT 1.5 51 145.06 +0.17 .55
27.94 20.34 SINOPEC SHI 5.7 5 23.85 +0.45 1.5567 10.05 9.96 SouthportAcqn PORT.UT ... ... 10.05 +0.03 ... 34.78 17.31 TeckRscsB TECK ... 25 33.98 +3.57 ... 11.74 9.81 USHG Acqn HUGS.UT ... ... 10.75 –0.16 ... 1.53 0.85 WarburgPinI-A Wt WPCA.WT ... ... .94 –0.06 ...
17.61 10.76 SITE Centers SITC 3.0 79 16.01 –0.02 .12 64.75 38.66 SouthwestAir LUV ... dd 45.82 +0.47 ... 4.17 2.35 Teekay TK ... 82 3.56 +0.26 ... 10.94 9.60 USHG Acqn A HUGS ... 87 10.25 –0.21 ... 2.02 0.85 WarburgPinI-B Wt WPCB.WT ... ... 1.00 ... ...
73.69 58.01 SJW Group SJW 2.0 36 68.18 –2.32 .34 73.54 57.00 SouthwestGas SWX 3.6 16 65.73 –2.50 .595 16.09 10.08 TeekayTankers TNK ... dd 11.82 +0.11 ... 2.50 0.70 USHG Acqn Wt HUGS.WT ... ... 1.39 –0.15 ... 10.63 9.90 WarburgPincusI-A WPCA.UT ... ... 9.95 –0.05 ...
55.30 25.71 SK Telecom SKM 6.9 14 26.62 +0.74 .3867 5.96 3.22 SouthwesternEner SWN ... dd 4.93 +0.48 ... 21.69 14.79 TejonRanch TRC ... cc 18.02 –0.13 ... 143.67 84.43 US PhysTherapy USPH 1.6 40 95.25 +2.32 .38 11.00 9.68 WarburgPincusI-A WPCA ... cc 9.76 ... ...
85.65 59.89 SLGreenRealty SLG 4.5 8 81.43 +1.48 2.5138 11.08 9.81 SpartanAcqnIII SPAQ.UT ... ... 10.14 –0.07 ... 308.00 76.14 TeladocHealth TDOC ... dd 79.57 –2.61 ... 15.38 7.23 US Silica SLCA ... dd 11.99 +1.39 ... 11.19 9.84 WarburgPincusI-B WPCB.UT ... ... 9.96 –0.02 ...
38.25 7.76 SM Energy SM .1 dd 36.64 +3.88 .01 10.00 9.67 SpartanAcqnIII A SPAQ ... dd 9.89 ... ... 6.90 4.39 TelecomArgentina TEO 24.3 dd 5.11 +0.11 .4025 12.33 4.60 US Xpress USX ... 11 5.20 –0.06 ... 10.02 9.63 WarburgPincusI-B A WPCB ... cc 9.77 –0.01 ...
10.95 10.08 SoarTech FLYA.UT ... ... 10.25 +0.03 ... 1.80 0.86 SpartanAcqnIII Wt SPAQ.WT ... ... 1.00 –0.29 ... 465.40 353.82 TeledyneTech TDY ... 42 420.48 –1.53 ... 12.85 5.41 UWM UWMC 7.0 11 5.72 –0.30 .10 60.30 32.95 WarbyParker WRBY ... dd 34.27 –5.44 ...
10.31 9.95 SoarTechAcqnA FLYA ... ... 10.09 +0.01 ... 22.66 0.01 SpecialOppsFdRt SPE.RT ... ... .07 +0.02 ... 449.38 289.00 Teleflex TFX .4 36 325.75 +9.33 .34 3.45 0.52 UWM Wt UWMC.WT ... ... .59 –0.06 ... 28.55 15.07 WarriorMetCoal HCC .7 dd 27.60 +1.66 .05
0.80 0.52 SoarTechAcqnWt FLYA.WT ... ... .52 –0.02 ... 107.22 74.26 SpectrumBrands SPB 1.7 22 100.01 –1.11 .42 9.42 7.46 TelefonicaBras VIV 6.0 16 8.49 +0.21 .0636 64.05 34.88 Uber UBER ... dd 41.51 ... ... 10.22 9.71 WarriorTech WARR.UT ... ... 10.12 +0.09 ...
15.88 0.75 SOS SOS ... 3 .86 +0.06 ... 19.50 2.48 SpireGlobal SPIR ... dd 2.77 –0.16 ... 5.17 4.12 Telefonica TEF 3.6 2 4.58 +0.19 .2355 401.81 236.11 Ubiquiti UI .8 32 301.80 +5.28 .60 10.00 9.55 WarriorTechA WARR ... ... 9.80 ... ...
68.24 51.63 SPX SPXC ... 30 56.46 –0.49 ... 2.89 0.25 SpireGlobalWt SPIR.WT ... ... .34 +0.03 ... 29.77 20.44 TelekmIndonesia TLK 4.3 18 29.68 +0.69 .2153 90.00 35.61 UiPath PATH ... dd 36.73 –2.47 ... 1.04 0.45 WarriorTechWt WARR.WT ... ... .48 –0.02 ...
88.55 52.30 SPX FLOW FLOW .4 46 85.67 –0.09 .09 77.95 59.29 Spire SR 4.1 13 66.73 +0.24 .685 26.51 17.18 Telephone&Data TDS 3.4 20 20.62 –0.18 .175 4.55 2.18 UltraparPart UGP 4.4 16 2.40 +0.04 ... 27.05 21.64 WashingtonREIT WRE 2.6 cc 26.37 –0.22 .17
29.45 7.53 SQZ Biotech SQZ ... dd 8.15 –1.47 ... 53.63 32.93 SpiritAeroSys SPR .1 dd 49.60 +2.15 .01 50.51 25.88 TempurSealy TPX .9 15 42.09 –2.75 .09 27.28 17.16 UnderArmour A UAA ... 20 18.86 –0.99 ... 138.82 97.02 WasteConnections WCN .7 57 125.62 –4.62 .23
48.27 29.40 STAG Indl STAG 3.3 35 43.59 –1.19 .1217 40.77 19.52 SpiritAirlines SAVE ... dd 23.29 –0.32 ... 10.10 10.05 10XCapVentureIII VCXB.UT ... ... 10.10 +0.10 ... 23.00 14.62 UnderArmour C UA ... 17 16.18 –0.80 ... 168.04 109.11 WasteMgt WM 1.5 38 156.65 –5.11 .575
10.05 9.95 STEnerTransitionI STET.UT ... ... 10.01 +0.02 ... 52.29 36.95 SpiritRealtyCap SRC 5.1 39 49.61 +1.40 .638 25.54 14.88 Tenaris TS .0 17 23.81 +1.39 .26 30.94 18.51 Unifi UFI ... 12 22.45 –0.52 ... 11.77 1.19 Waterdrop WDH ... dd 1.38 +0.05 ...
37.13 30.27 StoreCapital STOR 4.6 36 33.45 –0.79 .385 14.72 10.02 SportsEntAcqn SEAH.UT ... ... 11.10 +0.16 ... 32.25 5.91 TencentMusic TME ... 21 7.10 +0.35 ... 258.86 189.84 Unifirst UNF .6 26 194.87 –0.64 .30 428.22 258.91 Waters WAT ... 30 333.73 –13.30 ...
54.00 29.60 SabineRoyalty SBR 6.3 18 51.09 +3.82 .8768 12.48 9.59 SportsEntA SEAH ... dd 9.97 +0.04 ... 83.69 45.04 TenetHealthcare THC ... 8 81.04 +6.16 ... 61.81 50.60 Unilever UL 3.4 22 54.29 +0.49 .4975 318.98 230.10 Watsco WSO 2.6 30 298.05 –1.35 1.95
5.44 1.57 SafeBulkers SB ... 4 3.65 –0.07 ... 4.75 0.91 SportsEntWt SEAH.WT ... ... 2.35 +0.08 ... 87.40 66.73 Tennant TNC 1.2 26 81.04 –0.75 .25 256.11 193.14 UnionPacific UNP 1.9 26 246.27 –8.51 1.18 314.00 226.51 Watsco B WSO.B 2.7 30 293.68 –20.32 1.95
8.98 5.95 SafeguardSci SFE ... 5 7.00 –0.35 ... 387.44 201.68 Spotify SPOT ... dd 218.56 –5.02 ... 22.75 9.51 Tenneco TEN ... 4 12.97 +0.11 ... 28.60 17.76 Unisys UIS ... dd 19.38 –0.47 ... 212.00 113.44 WattsWater WTS .6 41 187.62 +0.59 .26
95.29 66.36 Safehold SAFE 1.0 56 70.60 –0.03 .17 29.43 12.31 SpragueRscs SRLP 10.2 dd 17.02 +2.18 .4338 59.58 24.50 Teradata TDC ... 42 43.80 +1.42 ... 12.68 7.90 UnitedMicro UMC 1.8 16 11.69 +0.67 .2854 0.95 0.55 WaverleyCap1 Wt WAVC.WT ... ... .55 –0.09 ...
64.19 39.00 SailPointTechs SAIL ... dd 42.48 –2.08 ... 10.30 9.96 SpreeAcqnCorp.1Un SHAP.UT ... ... 10.02 –0.02 ... 55.60 34.13 Terex TEX 1.0 19 46.43 +0.99 .12 57.89 21.35 UnitedNatFoods UNFI ... 12 45.96 –1.77 ... 10.00 9.82 WaverleyCap1 WAVC.UT ... ... 9.95 ... ...
311.75 201.51 Salesforce.com CRM ... cc 231.23 +2.92 ... 26.50 12.12 Sprinklr CXM ... dd 13.27 –1.53 ... 53.54 36.30 Terminix TMX ... 47 42.73 –0.84 ... 220.24 154.76 UPS B UPS 2.0 28 206.54 –11.62 1.02 10.00 9.63 WaverleyCap1 A WAVC ... ... 9.66 –0.02 ...
25.66 13.21 SallyBeauty SBH ... 9 18.13 +0.08 ... 47.89 28.03 Sprott SII 2.6 34 39.05 –2.15 .25 86.00 53.98 TerrenoRealty TRNO 1.8 80 77.70 –0.63 .34 414.99 228.22 UnitedRentals URI ... 20 327.82 +1.84 ... 355.96 162.93 Wayfair W ... cc 171.46 –8.62 ...
31.41 20.89 Samsara IOT ... dd 22.91 –0.31 ... 64.71 25.68 Squarespace SQSP ... dd 29.55 +2.79 ... 4.49 1.16 TetraTech TTI ... dd 3.20 +0.11 ... 63.57 42.47 US Bancorp USB 2.9 13 63.25 +2.25 .46 22.40 10.40 WeaveComms WEAV ... dd 10.81 –0.68 ...
7.80 3.17 SanJuanBasin SJT 10.6 15 7.27 +0.41 .1124 57.55 39.80 St.Joe JOE .6 47 50.32 –2.11 .08 13.30 7.73 TevaPharm TEVA ... 14 9.17 +0.32 ... 30.57 16.13 US Steel X .8 2 25.39 –0.01 .05 20.44 9.96 Weber WEBR 1.5 ... 10.41 –0.46 .04
10.28 9.78 SandbridgeX2 SBII.UT ... ... 9.98 ... ... 55.09 39.09 StandardMotor SMP 1.9 15 52.02 –0.55 .25 1773.95 785.00 TexasPacLand TPL 1.0 37 1111.77 –148.33 2.75 509.23 320.35 UnitedHealth UNH 1.2 29 468.69 +10.09 1.45 65.00 45.60 WebsterFin WBS 2.5 17 64.17 +1.01 .40
10.04 9.60 SandbridgeX2 A SBII ... ... 9.73 ... ... 121.45 80.26 StandexInt SXI 1.0 31 108.32 –2.07 .26 41.24 17.40 Textainer TGH 2.5 8 40.38 +3.16 .25 210.00 76.00 UnitySoftware U ... dd 117.92 –2.46 ... 2.75 0.51 Weidai WEI ... ... .58 –0.17 ...
1.30 0.54 SandbridgeX2Wt SBII.WT ... ... .60 –0.04 ... 225.00 168.77 StanleyBlackDck SWK 1.6 17 192.65 +3.36 .79 79.45 44.36 Textron TXT .1 23 76.66 –1.59 .02 29.77 18.48 Univar UNVR ... 18 29.00 +1.00 ... 68.17 46.50 WeisMarkets WMK 2.0 16 64.12 –2.17 .32
14.99 3.50 SandRidgeEnergy SD ... 5 11.45 +0.56 ... 131.98 102.50 StanleyB&D Un SWT 4.7 ... 110.63 +0.81 1.3125 672.34 433.52 ThermoFisherSci TMO .2 28 594.80 –12.27 .26 60.95 44.93 Universal UVV 5.5 14 57.17 +0.91 .78 25.19 12.60 Welbilt WBT ... 44 23.80 –0.04 ...
9.31 5.31 SandstormGold SAND 1.0 40 6.15 +0.51 .0155 58.50 34.09 Stantec STN 1.0 38 53.87 –1.10 .131 22.61 14.56 Thermon THR ... 87 17.57 +0.63 ... 75.61 55.01 UniversalHealth UHT 4.8 36 58.83 –1.37 .705 58.87 29.68 WellsFargo WFC 1.4 14 58.06 +3.29 .20
42.87 21.97 SantanderCons SC 2.1 4 41.66 –0.18 .22 12.03 9.45 StarGroup SGU 5.3 6 10.67 +0.07 .1425 123.60 78.04 ThomsonReuters TRI 1.5 8 109.61 –3.05 .405 165.00 116.23 UniversalHealthB UHS .6 11 133.67 +1.70 .20 89.80 59.38 Welltower WELL 2.8 cc 87.51 –0.32 .61
30.25 20.75 SaratogaInvt SAR 6.8 7 28.15 –0.19 .53 13.90 4.21 Starrett A SCX ... 5 10.44 +0.69 ... 152.20 92.20 ThorIndustries THO 1.7 7 99.97 –6.45 .43 19.64 12.62 UnivInsurance UVE 3.3 12 19.38 +1.05 .13 140.92 70.49 WescoIntl WCC ... 27 134.25 +5.56 ...
19.82 9.67 Sasol SSL ... dd 18.85 +2.05 ... 9.80 3.80 Startek SRT ... dd 5.12 +0.09 ... 56.50 17.47 3D Systems DDD ... 8 19.88 +0.05 ... 9.13 5.34 UnvlTechInst UTI ... 48 7.21 –0.54 ... 101.83 58.99 WestFraserTimber WFG .8 4 97.27 +5.44 .20
55.44 29.65 SaulCenters BFS 4.3 36 53.01 –0.75 .57 27.01 18.57 StarwoodProp STWD 7.6 16 25.36 +0.49 .48 208.95 163.38 3M MMM 3.3 18 178.74 –1.21 1.48 31.98 22.25 UnumGroup UNM 4.3 7 28.10 +0.21 .30 475.35 253.86 WestPharmSvcs WST .2 47 379.78 –10.69 .18
37.90 21.23 Schlumberger SLB 1.3 32 37.81 +2.78 .125 104.87 69.02 StateStreet STT 2.2 15 103.77 +2.11 .57 15.92 9.14 Tidewater TDW ... dd 12.22 +0.19 ... 11.28 1.61 UpHealth UPH ... dd 2.36 ... ... 124.93 67.33 WestAllianceBcp WAL 1.1 15 122.35 +3.12 .35
27.50 20.48 SchneiderNatl SNDR 1.1 14 26.57 +0.42 .07 43.99 12.50 SteelPartners SPLP ... 9 38.78 –1.11 ... 2.62 0.51 TidewaterWtA TDW.WTA ... ... .65 +0.07 ... 1.74 0.20 UpHealthWt UPH.WT ... ... .35 –0.02 ... 4.19 2.00 WesternAssetMort WMC 10.8 dd 2.22 –0.02 .06
95.62 50.77 SchwabC SCHW .8 36 95.53 +3.79 .18 16.85 10.67 Steelcase SCS 4.5 cc 12.89 +0.97 .145 2.00 0.33 TidewaterWtB TDW.WTB ... ... .42 +0.05 ... 20.33 13.60 UrbanEdgeProp UE 3.1 29 19.48 –0.04 .15 24.42 14.09 WesternMidstrm WES 5.4 11 24.04 +0.78 .323
50.79 28.07 SchweitzerMaud SWM 5.5 20 31.99 +0.64 .44 21.99 14.02 Stellantis STLA .0 dd 21.76 +1.32 .3813 11.36 9.71 TigaAcqnA TINV ... cc 10.15 –0.01 ... 19.97 11.55 UrstadtBiddle UBP 4.6 19 18.64 +0.27 .2145 26.61 15.69 WesternUnion WU 5.1 9 18.40 –0.61 .235
103.95 77.65 ScienceApplicat SAIC 1.7 18 89.05 +2.90 .37 51.49 14.34 Stem STEM ... dd 14.90 –0.93 ... 12.88 9.80 TigaAcquisitionUn TINV.UT ... ... 10.44 –0.19 ... 21.66 13.66 UrstadtProp A UBA 4.6 21 20.74 –0.47 .2375 107.68 74.42 WestlakeChem WLK 1.1 9 107.25 +3.92 .2975
24.67 11.36 ScorpioTankers STNG 3.1 dd 13.01 –0.12 .10 139.30 109.08 Stepan SCL 1.1 19 121.69 –1.25 .335 2.80 0.55 TigaAcqnWt TINV.WT ... ... .63 –0.06 ... 107.85 78.49 UsanaHealth USNA ... 15 101.25 +0.25 ... 27.57 21.38 WestlakeChemPtrs WLKP 6.9 14 27.19 +0.58 .4714
254.34 133.36 ScottsMiracleGro SMG 1.6 18 163.59 +2.74 .66 248.30 170.36 Steris STE .7 83 234.52 –0.29 .43 17.80 9.30 Tilly's TLYS .0 7 12.96 –2.66 1.00 15.98 7.00 UserTesting USER ... dd 7.37 –0.69 ... 20.82 14.09 WestpacBanking WBK 5.5 15 15.54 –0.02 .4267
15.14 6.00 ScullyRoyalty SRL ... 14 8.42 +0.17 ... 30.02 18.35 SterlingBancorp STL .9 16 29.64 +0.48 .07 92.39 62.96 Timken TKR 1.6 16 73.89 –0.18 .30 30.09 13.72 UtzBrands UTZ 1.3 89 17.18 –0.82 .054 62.03 40.04 WestRock WRK 2.1 15 46.91 –0.03 .25
... 29.18 16.61 Stevanato STVN ... 37 17.17 –0.80 ... 18.70 4.78 TimkenSteel TMST ... 9 16.08 –1.04 ... 27.01 11.36 Westwood WHG 3.1 16 19.52 +0.88 .15
10.10 9.97 SculptorAcqnI SCUA.UT ... 10.08 –0.01 ... 14.97 7.20 WeWork WE ... dd 9.25 +0.04 ...
28.90
372.70
15.99
168.00
SculptorCapMgmt
Sea
SCU
SE
16.5
... dd
5 20.99
175.03
+0.03
–12.07
.28
...
81.00
78.60
45.58
49.38
StewartInfo
StifelFinancial
STC
SF
1.9
.8 12
7 77.67
73.73
–0.12
–1.98
.375
.15
11.92
69.93
6.27
24.69
TItanIntl
Toast
TWI
TOST
...
...
cc
dd
11.09
25.20
+0.03
–3.20
...
... V 4.21 0.97 WeWorkWt WE.WT ... ... 2.44 +0.09 ...
52.15 33.30 STMicroelec STM .4 25 49.61 –0.29 .06 75.61 43.75 Toll Bros TOL 1.0 10 66.44 +0.90 .17 41.80 30.87 Weyerhaeuser WY 1.7 12 40.98 +0.64 .17
20.87 14.85 SeabridgeGold SA ... dd 15.77 +0.56 ... 49.10 34.85 WheatonPrecMet WPM 1.4 29 39.66 +1.10 .15
68.54 41.78 SealedAir SEE 1.2 23 67.70 +2.00 .20 5.37 1.51 StoneMor STON ... dd 2.37 –0.03 ... 57.26 28.64 TootsieRoll TR 1.0 39 34.95 –1.41 .09 90.79 65.34 VF VFC 2.8 23 72.25 –0.24 .50
38.20 18.47 Stoneridge SRI ... 43 20.37 –0.87 ... 284.07 179.50 TopBuild BLD ... 25 234.72 –7.10 ... 15.57 5.51 ViaOptronics VIAO ... dd 9.43 +0.66 ... 15.00 3.90 WheelsUp UP ... dd 4.10 –0.22 ...
70.48 27.06 SeaWorldEnt SEAS ... 37 63.24 –5.09 ... 3.14 0.65 WheelsUpWt UP.WT ... ... .77 –0.03 ...
7.58 4.37 SelectEnergySvcs WTTR ... dd 6.80 +0.20 ... 38.40 22.80 Stride LRN ... 24 30.25 –1.30 ... 118.13 92.62 Toro TTC 1.2 26 98.62 +1.12 .30 33.35 24.74 VICI Prop VICI 5.0 15 28.54 –0.01 .36
43.60 25.62 SelectMedical SEM 1.7 9 28.92 +0.89 .125 281.16 220.90 Stryker SYK 1.0 54 266.71 +3.14 .695 82.38 56.37 TorontoDomBk TD 3.2 13 81.64 +2.43 .6958 28.80 16.68 Vizio VZIO ... cc 17.85 +0.07 ... 257.68 180.44 Whirlpool WHR 2.6 7 217.02 –10.02 1.40
33.00 7.55 SelectQuote SLQT ... 16 8.27 +0.16 ... 24.41 5.13 StudioCity MSC ... dd 6.10 +0.23 ... 33.19 8.06 Torrid CURV ... ... 9.51 –1.19 ... 5.64 2.36 VOC Energy VOC 9.1 14 5.63 +0.52 .20 1267.52 978.51 WhiteMtnIns WTM .1 21 1043.01 +13.95 1.00
144.93 114.66 Sempra SRE 3.2 38 137.96 –0.25 1.10 92.49 62.16 SturmRuger RGR 5.0 8 67.07 –0.95 .79 11.07 9.77 TortoiseEcofinIII TRTL.UT ... ... 9.97 +0.03 ... 33.36 7.42 VTEX VTEX ... dd 7.58 –1.17 ... 10.50 7.56 WhitestoneREIT WSR 4.2 42 10.18 –0.09 .0358
8 ... 4.31 2.06 VaalcoEnergy EGY ... 6 4.10 +0.54 ... 76.76 19.75 WhitingPetrol WLL ... 22 75.18 +4.15 ...
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

32.48 10.62 Semrush SEMR ... ... 17.86 +0.39 ... 16.45 13.83 SuburbanPropane SPH 8.5 15.32 –0.16 .325 10.15 9.66 TortoiseEcoIII A TRTL ... 9.72 +0.01 ...
7.95 6.18 SumitomoMits SMFG 3.9 8 7.56 +0.34 .1752 1.33 0.89 TortoiseEcoIII Wt TRTL.WT ... ... .89 –0.06 ... 376.24 261.41 VailResorts MTN 1.2 89 303.80 –4.32 .88 23.93 10.40 WideOpenWest WOW ... 3 20.10 –0.58 ...
18.55 9.73 SendasDistrib ASAI .9 10 10.99 +0.84 .0432 42.72 66.04 45.30 Wiley A JW.A 2.4 24 56.85 +0.63 .345
65.58 52.30 SensataTechs ST ... 27 63.54 +0.63 ... 11.32 8.06 SummitHotelProp INN ... dd 10.12 –0.18 ... 57.17 40.33 TotalEnergies TTE ... 14 57.10 +4.13 ... 20.25 Valaris VAL ... dd 40.71 +0.91 ...
41.46 20.49 SummitMaterials SUM ... 31 38.04 –1.09 ... 15.33 7.35 TownsquareMedia TSQ ... 12 12.30 +0.35 ... 4.10 1.50 ValarisWt VAL.WT ... ... 3.89 +0.02 ... 65.63 45.73 Wiley B JW.B 2.4 24 56.86 +0.46 .345
106.32 69.96 SensientTech SXT 1.8 33 92.00 –3.56 .41 29.89 21.05 Williams WMB 5.6 35 29.29 +1.28 .41
78.53 39.94 SentinelOne S ... dd 42.68 –1.65 ... 46.64 14.41 SummitMidstream SMLP ... 1 24.18 –0.73 ... 213.74 139.29 ToyotaMotor TM 1.9 10 210.69 +10.25 1.7622 23.18 11.16 Vale VALE 7.4 4 15.38 +0.57 .4376
211.79 137.43 SunComms SUI 1.7 60 197.85 +1.63 .83 32.59 10.15 Traeger COOK ... dd 10.55 –0.23 ... 12.19 6.12 ValensSemicon VLN ... dd 6.80 –0.10 ... 10.04 9.80 WilliamsRowland WRAC ... ... 9.91 +0.01 ...
9.57 4.05 SequansComms SQNS ... ... 4.89 –0.10 ... 1.30 0.36 ValensSemiconWt VLN.WT ... ... .50 –0.07 ... 10.71 9.92 WilliamsRowland WRAC.UT ... ... 10.20 +0.06 ...
24.04 11.52 SeritageGrowth SRG ... dd 11.97 –1.03 ... 57.93 45.84 SunLifeFinancial SLF 3.0 12 57.50 +1.41 .524 10.05 9.89 TrajectoryAlpha TCOA.UT ... ... 9.96 –0.04 ...
8.15 4.91 SunCokeEnergy SXC 3.2 25 7.49 +0.41 .06 207.06 137.98 TraneTech TT 1.3 32 180.00 –9.27 .59 85.33 54.84 ValeroEnergy VLO 4.6 dd 85.20 +4.20 .98 0.79 0.44 WilliamsRowlandWt WRAC.WT ... ... .50 ... ...
71.71 45.63 ServiceCorp SCI 1.4 14 64.99 –1.15 .23 223.32 118.07 Williams-Sonoma WSM 1.9 11 147.04 –3.82 .71
707.60 448.27 ServiceNow NOW ... cc 531.02 –35.37 ... 28.74 16.40 SuncorEnergy SU 4.7 22 28.23 +1.67 .3405 12.13 7.96 Transalta TAC 1.5 dd 10.27 –0.73 .039 34.60 16.00 Valhi VHI 1.1 8 29.19 +1.05 .08
36.88 2.93 SunlandsTech STG ... dd 6.07 –0.13 ... 42.92 18.61 TrancntlRlty TCI ... 21 40.36 +0.37 ... 265.09 191.13 ValmontInds VMI .8 25 240.41 +0.12 .50 87.53 61.13 Winnebago WGO 1.0 8 75.62 –1.83 .18
89.35 40.16 ServisFirst SFBS 1.0 24 88.52 +0.50 .23 37.97 23.37 Valvoline VVV 1.4 16 35.54 +0.24 .125 9.96 6.09 Wipro WIT .1 29 8.58 –1.03 .0122
138.38 65.25 ShakeShack SHAK ... dd 69.29 –0.27 ... 16.66 3.20 SunlightFinl SUNL ... dd 3.49 –0.39 ... 688.03 517.37 TransDigm TDG ... 62 645.38 –8.83 ...
4.21 0.37 SunlightFinWt SUNL.WT ... ... .46 –0.08 ... 5.13 2.35 Transocean RIG ... dd 3.52 +0.21 ... 38.46 16.64 Vapotherm VAPO ... dd 17.19 –2.59 ... 142.33 75.06 Wolfspeed WOLF ... dd 108.07 –0.90 ...
12.81 2.47 Shapeways SHPW ... dd 2.51 –0.47 ... 12.97 8.09 VectorGroup VGR 6.8 9 11.70 +0.69 .20 44.74 25.26 WolverineWwide WWW 1.5 dd 26.32 –0.85 .10
0.27 55.55 22.07 SunnovaEnergy NOVA ... dd 23.59 –0.40 ... 6.09 4.05 TransportadGas TGS ... 9 4.70 +0.29 ...
1.63 ShapewaysWt SHPW.WT ... ... .33 –0.02 ...
43.98 30.00 Sunoco SUN 7.6 8 43.26 +1.04 .8255 125.35 83.12 TransUnion TRU .4 44 108.49 –2.87 .095 60.32 40.67 Vectrus VEC ... 10 47.06 +0.80 ... 38.41 23.61 WooriFin WF 2.9 5 38.04 +4.04 .3675
30.66 17.06 ShawComm B SJR 3.0 19 30.17 +0.06 .0789 343.96 221.48 VeevaSystems VEEV ... 84 223.85 –7.62 ... 173.24 80.00 Workiva WK ... dd 116.82 +2.18 ...
16.50 10.51 ShellMidstream SHLX 9.2 10 13.09 +0.67 .30 13.91 10.14 SunstoneHotelInv SHO ... dd 11.82 –0.22 ... 68.26 43.40 Travel+Leisure TNL 2.5 24 56.32 –1.26 .35
9.72 4.03 SuperiorIndsIntl SUP ... dd 5.13 +0.20 ... 168.31 135.87 Travelers TRV 2.2 11 163.21 –3.03 .88 13.18 5.39 Velo3D VLD ... dd 5.59 –0.64 ... 37.68 24.29 WorldFuelSvcs INT 1.7 33 28.49 +0.22 .12
354.15 218.06 SherwinWilliams SHW .7 42 308.46 –14.76 .55 10.20 9.76 WorldQuantumA WQGA ... ... 9.80 –0.02 ...
10.23 9.71 SupernovaPtrsIII STRE.UT ... ... 9.88 –0.02 ... 12.87 9.34 TrebiaAcqn TREB.UT ... ... 9.34 –1.01 ... 4.18 0.95 Velo3DWt VLD.WT ... ... 1.23 –0.08 ...
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

104.11 48.58 Shift4Paymts FOUR ... dd 51.00 –5.57 ... 10.18 9.93 WorldQuantumGwthUn WQGA.UT ... ... 10.10 –0.08 ...
39.17 27.51 ShinhanFin SHG 4.4 5 33.38 +1.51 .2191 10.00 9.58 Supernova III A STRE ... dd 9.74 –0.02 ... 11.99 8.91 TrebiaAcquisition TREB ... dd 8.97 –0.99 ... 14.00 6.45 VelocityFinl VEL ... 14 13.61 +0.08 ...
...
1.50 0.74 Supernova III Wt STRE.WT ... ... .75 –0.05 ... 2.98 0.85 TrebiaAcqnWt TREB.WT ... ... 1.20 +0.01 ... 5.85 2.32 VenatorMaterials VNTR ... dd 2.46 –0.08 ... 0.87 0.49 WorldQuantumWt WQGA.WT ... .61 +0.03 ...
1762.92 1005.14 Shopify SHOP ... 41 1102.91 –41.57 ... 61.09 45.40 Ventas VTR 3.4 cc 52.93 –0.69 .45 70.72 45.87 WW Ent WWE .9 35 53.17 +3.15 .12
9.86 9.80 ShoulderUpTechA SUAC ... ... 9.85 ... ... 13.95 9.80 SupernovaPtrsII SNII.UT ... ... 10.42 –0.50 ... 9.38 6.26 TrecoraResources TREC ... dd 8.30 +0.06 ...
12.75 9.62 SupernovaPtrsII A SNII ... cc 9.98 –0.27 ... 18.39 10.59 Tredegar TG 4.1 11 11.80 –0.39 .12 40.46 19.28 Veoneer VNE ... dd 35.47 –0.45 ... 75.45 47.79 WorthingtonInds WOR 1.9 7 58.19 ... .28
10.15 10.00 ShoulderUpTechUn SUAC.UT ... ... 10.09 +0.04 ... ... 76 19.90 12.05 VerisResidential VRE ... dd 18.77 –0.70 ... 91.41 56.70 WyndhamHtls WH 1.5 43 85.79 –2.69 .32
0.60 0.46 ShoulderUpTechWt SUAC.WT ... ... .49 ... ... 4.94 0.74 SupernovaII Wt SNII.WT ... 1.50 –1.05 ... 55.50 33.90 TreeHouseFoods THS ... 43.68 –0.34 ...
14.45 8.37 Suzano SUZ 1.0 7 11.39 +0.85 .1306 4.83 0.48 TrepontAcqnI Wt TACA.WT ... ... .51 –0.01 ... 158.99 17.79 Veritiv VRTV ... 14 103.30 –3.81 ...
128.36
20.68
62.21
11.15
Shutterstock
Sibanye-Stillwater
SSTK
SBSW
.9
9.1
35
4
93.48
14.56
–5.32
+1.47
.21
.8075 56.20
29.15
24.33
13.38
Sweetgreen
Switch SWCH
SG ...
.8
...
cc
26.21
25.76
–0.84
–0.64
...
.0525
11.49
10.75
10.10
9.68
TrepontAcqnI
TrepontAcqnI A
TACA.UT
TACA
...
...
...
...
10.21
10.00
–0.17
...
...
...
59.85
15.93
49.69
4.34
Verizon
VermilionEnergy
VZ
VET
4.8
...
10
4
53.28
15.84
–0.96
+1.87
.64
...
XYZ
111.92 34.36 SignetJewelers SIG .8 8 89.52 –1.37 .18 ... 55 27.29 11.25 Verso VRS 1.5 dd 26.80 –0.10 .10
40.79 12.08 SignifyHealth SGFY ... dd 12.98 +0.03 ... 38.00 23.10 Sylvamo SLVM ... 33.18 +3.44 ... 140.98 81.76 Trex TREX ... 106.95 –9.99 ... 17.88 2.09 XFinancial XYF ... 50 3.08 –0.01 ...
52.49 33.41 SynchronyFin SYF 1.8 7 48.67 +0.46 .22 28.29 17.41 TriPointe TPH ... 7 26.17 +0.81 ... 18.44 6.73 VerticalAerospace EVTL ... dd 8.69 –0.18 ... 22.40 2.64 XL Fleet XL ... dd 2.73 –0.24 ...
34.83 5.41 SilverBowRscs SBOW ... dd 24.34 +2.32 ...
239.26 56.00 SilvergateCapital SI ... 51 138.15 +9.66 ... 53.70 35.44 SynovusFin SNV 2.5 12 53.66 +1.07 .33 15.46 5.49 TriconRes TCN 1.5 7 15.33 +0.25 .058 1.75 0.56 VerticalAeroWt EVTL.WT ... ... .77 –0.05 ... 90.78 63.29 XPO Logistics XPO ... 25 70.41 –0.99 ...
86.73 68.05 Sysco SYY 2.4 60 79.79 –0.67 .47 10.20 10.00 TrineIIAcqn TRAQ.UT ... ... 10.13 +0.01 ... 28.80 18.53 Vertiv VRT .0 59 23.29 +0.74 .01 21.40 14.15 XeniaHotels XHR ... dd 18.64 +0.28 ...
25.50 14.44 Similarweb SMWB ... dd 17.02 –0.45 ... 9.95 9.72 TrineIIAcqnA TRAQ ... ... 9.84 –0.04 ... 52.73 34.09 Viad VVI ... dd 40.73 –1.50 ...
11.66 9.82 SimonPropAcqn SPGS.UT ... ... 9.90 –0.03 ... 4.12 0.54 XinyuanRealEst XIN ... ... .60 –0.16 ...
6.89
10.32
1.88
9.69
0.75
SimonPropA
SimonPropWt
SPGS
SPGS.WT
...
...
79
...
9.74
.76
...
–0.09
...
...
T 0.75
109.40
0.51
69.43
TrineIIAcqnWt
TriNet
TRAQ.WT
TNET
...
...
...
20
.61
85.80
+0.06
–4.48
...
...
15.79
2.95 0.20
VicariousSurgical
VicariousSurgicWt
RBOT
RBOT.WT
...
...
dd
...
7.10
1.14
–2.38
–0.54
...
...
60.04
24.73
22.73
9.87
XPeng
XponentialFit
XPEV
XPOF
...
...
dd
...
49.69
14.32
+4.64
–3.34
...
...
33.77 24.70 TrinityIndustries TRN 3.0 dd 30.85 –0.32 .23 76.00 39.79 Victoria'sSecret VSCO ... 8 56.33 –0.49 ... 138.78 94.63 Xylem XYL 1.0 44 111.54 –3.89 .28
171.12 90.56 SimonProperty SPG 4.2 28 155.70 –5.57 1.65 90.96 3.17 TAL Education TAL ... dd 3.46 +0.04 ... 76.49 44.20 Trinseo TSE 2.2 6 57.20 +0.05 .32 13.51 6.33 VinceHolding VNCE ... dd 9.00 +0.87 ...
25 108.82 60.75 Yeti YETI ... 31 70.78 –3.49 ...
141.26 91.91 SimpsonMfg SSD .8 128.89 –2.57 .25 55.34 41.89 TC Energy TRP 5.4 34 50.02 +1.21 .6908 36.33 22.01 Triple-S Mgmt GTS ... 10 35.64 –0.06 ... 46.00 7.48 Vipshop VIPS ... 7 9.29 +0.37 ... 5.86 3.25 YPF YPF ... 6 4.36 +0.33 ...
11.50 7.48 SiriusPoint SPNT ... 3 8.18 –0.29 ... 10.23 9.80 TCW Spac TSPQ.UT ... ... 9.92 +0.02 ... 19.25 13.30 TriplePtVent TPVG 8.5 8 16.90 –0.38 .36 62.80 9.75 VirginGalactic SPCE ... dd 10.14 –2.31 ...
260.00 147.60 SiteOneLandscape SITE ... 42 204.55 –4.76 ... 32 41.35 5.64 Yalla YALA ... 16 6.54 +0.36 ...
10.00 9.50 TCW Spac A TSPQ ... 9.71 –0.01 ... 10.10 9.87 TristarAcqnI TRIS.UT ... ... 9.98 –0.10 ... 10.62 9.54 VirginGroupII VGII.UT ... ... 10.04 –0.02 ... 5.44 3.70 YamanaGold AUY 2.9 28 4.18 +0.28 .03
51.75 30.88 SixFlags SIX ... 85 40.68 –3.08 ... 1.02 0.49 TCW Spac Wt TSPQ.WT ... ... .49 –0.11 ... 9.89 9.69 TristarAcqnI TRIS ... ... 9.76 +0.01 ... 10.55 9.64 VirginGrpII A VGII ... ... 9.83 –0.11 ... 25.47 1.68 YatsenHolding YSG ... dd 1.73 –0.17 ...
55.87 33.80 SkechersUSA SKX ... 17 43.63 –2.41 ... 30.00 14.86 TDCX TDCX ... 32 15.16 –1.34 ... 0.60 0.48 TristarAcqnIWt TRIS.WT ... ... .55 +0.06 ... 1.55 0.72 VirginGrpII Wt VGII.WT ... ... .75 –0.07 ... 11.22 9.43 YellowstoneAcqn YSAC.UT ... ... 10.45 –0.09 ...
13.60 8.24 SkeenaRscs SKE ... dd 11.24 +1.08 ... 130.93 80.36 TD Synnex SNX 1.1 16 106.82 –2.43 .30 68.34 44.76 TritonIntl TRTN 3.9 11 65.96 +4.21 .65 8.24 2.29 VirnetX VHC ... dd 2.44 –0.12 ... 10.93 9.91 YellowstoneAcqnA YSAC ... dd 10.18 –0.01 ...
12.88 7.56 Skillsoft SKIL ... dd 7.83 –0.67 ... 166.44 116.87 TE Connectivity TEL 1.2 24 160.74 +2.17 .50 24.53 10.53 TriumphGroup TGI ... dd 21.21 +0.51 ... 252.67 190.10 Visa V .7 39 214.67 –2.29 .375
3.75 1.20 SkillsoftWt SKIL.WT ... ... 1.40 –0.22 ... 2.30 0.56 YellowstoneAcqnWt YSAC.WT ... ... .71 –0.10 ...
22.09 14.59 Tegna TGNA 2.0 7 19.41 +0.94 .095 26.33 14.37 Tronox TROX 1.6 16 25.22 +1.02 .10 26.50 19.00 Vishay VSH 1.8 11 22.27 +0.88 .10 43.86 30.53 Yelp YELP ... 74 35.60 +0.30 ...
46.30 5.73 Skillz SKLZ ... dd 6.04 –0.04 ... 23.96 19.74 Telus TU 4.4 31 23.76 +0.31 .26
85.92 31.72 SkylineChamp SKY ... 26 68.24 –1.67 ...
32.91 18.54 TrueBlue TBI ... 21 29.30 +1.94 ... 39.71 29.22 VishayPrecision VPG ... 32 33.97 –0.75 ... 20.23 8.62 Yext YEXT ... dd 8.67 –0.36 ...
39.91 26.92 TelusIntl TIXT ... cc 29.35 –0.78 ... 67.61 47.69 TruistFinl TFC 2.8 16 67.41 +2.41 .48 7.00 2.42 VistaOil&Gas VIST ... cc 6.21 +0.50 ... 6.80 2.43 YirenDigital YRD ... 11 2.84 –0.28 ...
15.14 7.11 SmartRent SMRT ... dd 7.89 +0.23 ... 56.86 26.41 Ternium TX 6.2 3 46.56 –1.72 .80 12.29 6.75 TsakosEnergy TNP 2.5 dd 8.15 –0.02 .10 52.69 27.02 VistaOutdoor VSTO ... 7 43.51 –3.32 ...
85.65 51.11 Smartsheet SMAR ... dd 62.70 –0.26 ... 42.17 7.02 Youdao DAO ... dd 13.59 +0.99 ...
120.50 51.13 TFI Intl TFII 1.1 17 96.56 –6.23 .27 20.11 7.50 TufinSoftware TUFN ... dd 9.31 –0.10 ... 24.20 15.47 Vistra VST 2.7 dd 22.59 –0.12 .15 139.85 101.18 YumBrands YUM 1.6 25 127.06 –8.29 .50
86.74 52.08 SmithAO AOS 1.4 28 80.57 –2.58 .28 13.61 9.81 TIM TIMB 2.5 10 11.36 +0.34 .2035
46.10 31.55 Smith&Nephew SNN 2.1 28 34.87 –0.44 .288
37.39 13.28 Tupperware TUP ... 80 14.54 –0.99 ... 0.84 0.10 VistraWt VST.WTA ... ... .18 +0.01 ... 69.67 45.60 YumChina YUMC 1.0 30 46.52 –3.17 .12
77.35 61.15 TJX TJX 1.5 33 71.18 –3.20 .26 6.10 2.85 TurkcellIletism TKC ... 5 3.66 +0.06 ... 24.17 7.11 VivintSmartHome VVNT ... dd 7.85 +0.33 ... 64.60 11.34 ZimIntShipping ZIM 15.7 2 63.70 +7.12 2.50
145.49 111.59 Smucker SJM 2.7 21 145.15 +1.80 .99 10.50 9.79 TLG Acqn One TLGA.UT ... ... 9.87 –0.03 ... 61.08 35.06 TurningPoint TPB .6 14 36.77 –0.44 .055 172.00 108.80 VMware VMW ... 26 125.18 +4.72 ... 38.96 25.23 ZTO Express ZTO .0 39 31.20 +3.07 .24
83.34 36.56 Snap SNAP ... dd 38.04 –3.32 ... 9.90 9.50 TLGAcqnOneA TLGA ... 31 9.71 –0.02 ... 21.89 9.75 TurquoiseHill TRQ ... 6 16.25 +0.85 ... 79.43 31.93 VoceraComm VCRA ... dd 78.96 –0.21 ... 166.60 90.51 Zendesk ZEN ... dd 100.41 +2.49 ...
259.99 165.88 SnapOn SNA 2.6 15 220.13 +1.09 1.42 1.00 0.47 TLGAcqnOneWt TLGA.WT ... ... .50 ... ... 20.24 11.77 TutorPerini TPC ... 7 12.49 +0.32 ... 18.33 5.48 Volta VLTA ... dd 5.63 –0.71 ... 20.25 4.26 ZeppHealth ZEPP ... 10 5.04 ... ...
405.00 184.71 Snowflake SNOW ... dd 289.59 –10.09 ... 35.97 9.90 TPGPaceBenFin TPGY.UT ... ... 9.98 –0.01 ... 27.65 4.83 Tuya TUYA ... dd 5.46 +0.02 ... 6.16 1.16 VoltaWt VLTA.WT ... ... 1.49 –0.16 ... 11.14 5.27 ZetaGlobal ZETA ... dd 8.61 +0.59 ...
19.47 10.20 SocialCapHedIV IPOD.UT ... ... 10.59 –0.13 ... 34.28 9.80 TPGPaceBenA TPGY ... dd 9.82 –0.03 ... 457.30 210.90 Twilio TWLO ... dd 215.16 –15.04 ... 37.08 28.55 Vontier VNT .3 12 30.00 –0.58 .025 17.50 6.43 ZeviaPBC ZVIA ... dd 7.74 +0.81 ...
6.68 1.35 SocialCapHedosIVWt IPOD.WT ... ... 1.60 –0.25 ... 12.00 0.64 TPGPaceBenWt TPGY.WT ... ... .70 –0.06 ... 10.21 9.77 TwinRidgeCap TRCA.UT ... ... 9.92 +0.02 ... 50.91 35.89 VornadoRealty VNO 4.6 dd 46.28 +0.51 .53 164.16 1.74 ZhangmenEducation ZME ... dd 1.93 –0.22 ...
18.31 9.82 SocialCapHedIV A IPOD ... 21 10.19 –0.07 ... 10.83 9.65 TPGPaceBenII YTPG ... ... 9.78 –0.10 ... 10.20 9.62 TwinRidgeCapA TRCA ... ... 9.71 –0.01 ... 74.58 54.46 VoyaFinancial VOYA 1.1 5 74.49 +1.95 .20 13.85 4.52 Zhihu ZH ... dd 4.61 –0.36 ...
19.35 10.03 SocialCapHedVI IPOF.UT ... ... 10.60 –0.14 ... 14.55 9.58 TPG RE Fin TRTX 7.3 31 13.24 +0.53 .07 1.60 0.53 TwinRidgeCapWt TRCA.WT ... ... .55 +0.01 ... 213.65 143.10 VulcanMatls VMC .8 40 192.23 –15.69 .37 180.36 116.60 ZimmerBiomet ZBH .8 33 127.38 –0.77 .24
17.81 9.77 SocialCapHedVI A IPOF ... dd 10.20 –0.11 ... 11.65 8.68 TailwindAcqnA TWND ... dd 9.84 ... ... 80.75 37.51 Twitter TWTR ... dd 38.44 –1.23 ... 13.72 9.93 VyGlblGrowth VYGG.UT ... ... 9.93 –0.12 ... 32.90 19.32 ZipRecruiter ZIP ... 90 23.77 –0.07 ...
6.97 1.20 SocialCapHedVI Wt IPOF.WT ... ... 1.70 –0.15 ... 2.75 0.45 TailwindAcqnWt TWND.WT ... ... .47 –0.06 ... 10.03 9.66 twoA TWOA ... ... 9.72 –0.03 ... 12.74 9.67 VyGlblGrowthA VYGG ... 50 9.80 ... ... 249.27 141.41 Zoetis ZTS .6 50 206.18 –4.91 .325
1.25 0.74 SocialLvgI Wt SLAC.WT ... ... .78 ... ... 10.67 9.74 TailwindIntlAcqn TWNI.UT ... ... 9.88 –0.02 ... 8.15 5.43 TwoHarbors TWO 11.6 6 5.86 +0.05 .17 5.05 0.75 VyGlblGrowthWt VYGG.WT ... ... .78 –0.32 ... 23.25 12.79 Zuora ZUO ... dd 15.99 –0.54 ...
11.20 9.80 SocialLvgI SLAC.UT ... ... 9.93 +0.02 ... 10.15 9.60 TailwindIntlA TWNI ... 32 9.71 –0.02 ... 557.55 372.80 TylerTech TYL ... cc 480.52 –3.07 ... 38.32 17.96 ZurnWaterSolns ZWS .4 31 32.70 –1.97 .03
10.28 9.61 SocialLvgI A SLAC ... cc 9.76 +0.01 ... 0.47
71.50 40.53 SOQUIMICH SQM .7 64 56.55 +6.59 .9102
1.03
10.10 9.62
TailwindIntlWt
TailwindTwoA
TWNI.WT
TWNT
...
...
...
dd
.50
9.89
–0.13
...
...
...
94.06 62.59 TysonFoods TSN 2.0 11 93.76 +2.75 .46
W 57.20 13.42 Zymeworks ZYME ... dd 14.97 +0.86 ...
15.08 6.11 SolarisOilfield SOI 5.3 dd 7.96 +0.28 .105
U
1.49 0.55 TailwindTwoWt TWNT.WT ... ... .75 –0.11 ...
23.00 13.55 SolarWinds SWI ... 21 13.89 –0.15 ... 145.00 107.58 TaiwanSemi TSM 1.1 34 140.66 +17.16 .3911 5.14 2.19 W&T Offshore WTI ... dd 4.39 +0.76 ... NYSE ARCA
23.39 13.46 SoloBrands DTC ... ... 15.93 +1.14 ... 19.97 13.17 TakedaPharm TAK 4.8 11 14.75 +0.84 .3921 99.86 80.55 WEC Energy WEC 3.0 23 96.25 –0.96 .7275
12.24 5.30 Sonendo SONX ... ... 8.17 +2.54 ... 18.93 8.26 TalosEnergy TALO ... dd 11.31 +0.38 ... 19.79 14.33 UBS Group UBS 1.9 9 19.62 +0.27 .37 234.64 123.01 WEX WEX ... dd 157.22 +2.13 ... 13.57 7.84 EmpireStateReal250 FISK 1.4 ... 9.70 +1.12 .035
58.00 39.25 SonicAutomotive SAH 1.0 7 48.19 –1.52 .12 22.51 11.81 Tanger SKT 3.8 dd 19.44 –0.27 .1825 61.06 37.85 UDR UDR 2.5 cc 58.58 +0.37 .3625 91.30 66.58 WNS WNS ... 40 91.28 +3.46 ... 13.00 7.88 EmpireStateReal60 OGCP 1.5 ... 9.55 –0.42 .035
55.17 15.92 SonidaSrLiving SNDA ... 1 30.44 +2.33 ... 49.67 30.24 Tapestry TPR 2.6 13 38.37 –0.97 .25 48.55 35.52 UGI UGI 3.0 7 46.26 +1.43 .345 83.19 65.75 W.P.Carey WPC 5.3 32 79.16 –1.50 1.055 13.05 8.00 EmpireStateRealES ESBA 1.5 ... 9.63 –1.53 .035
69.83 54.82 SonocoProducts SON 3.1 dd 58.53 +0.14 .45 58.18 26.65 TargaResources TRGP .7 49 57.78 +1.87 .10 110.00 96.65 UGI Un UGIC 7.2 15 104.45 +2.14 1.8125 81.89 51.86 WPP WPP 2.2 dd 81.66 +2.73 .8714 59.98 34.91 US Oil Fund USO ... ... 59.97 +3.30 ...
133.75 91.75 Sony SONY .3 19 124.79 +0.48 .2441 268.98 166.83 Target TGT 1.6 16 221.40 –9.38 .90 27.50 14.59 UMH Prop UMH 3.2 39 24.92 –0.11 .20 21.63 13.04 WabashNational WNC 1.5 35 21.63 +1.18 .08 23.19 13.62 USBrentOilFd BNO ... ... 23.17 +1.21 ...
29.24 20.75 SoJerseyInd SJI 4.8 16 26.03 –0.01 .31 80.00 45.00 TaroPharm TARO ... cc 48.57 –0.18 ... 59.32 38.02 Unitil UTL 3.3 20 46.56 –0.50 .38 99.17 71.05 Wabtec WAB .5 40 95.70 +0.60 .12 44.82 26.03 USGasolineFd UGA ... ... 44.82 +2.33 ...
59.86 47.22 SouthJerseyUn SJIV 7.9 ... 55.61 –0.20 1.0938 35.38 17.52 TataMotors TTM ... dd 34.50 +1.62 ... 17.83 12.75 USA Compression USAC 12.0 dd 17.53 +0.21 .525 156.77 81.52 Walker&Dunlop WD 1.4 17 145.01 –3.55 .50 22.10 8.95 US NatGas UNG ... ... 14.17 +1.15 ...
69.23 56.69 Southern SO 3.8 25 68.66 +0.02 .66 35.51 22.64 TaylorMorrison TMHC ... 9 32.79 +1.95 ... 39.96 28.53 US Cellular USM ... 21 31.58 –0.90 ... 27.50 7.28 Wallbox WBX ... ... 13.57 –0.42 ... 15.55 7.61 US12mthNtlGas UNL ... ... 13.10 +1.00 ...
53.99 48.15 SouthernUnSeriesA SOLN 6.3 ... 53.75 –0.08 .8438 13.84 0.81 Team TISI ... dd .83 –0.35 ... 8.27 3.93 USD Partners USDP 8.3 7 5.74 +0.18 .1185 6.40 0.80 WallboxWt WBX.WT ... ... 3.47 –0.34 ... 30.58 18.08 US12moOilFd USL ... ... 30.58 +1.53 ...
January 17, 2022 BARRON’S 59

Nasdaq Issues
Nasdaq Issues includes stocks traded on the Nasdaq Global Select and Nasdaq Global Market tiers. They are eligible for inclusion on the basis of SEC-approved market
value of publicly-held shares, trading volume, price and number of market-makers. FIVE-DAY NASDAQ COMPOSITE
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. Strong Medicine: Healthcare companies pitched, at J.P. Morgan’s con-
24.61 7.35 Altimmune ALT ... dd 7.84 –0.44 ... 483.13 198.80 Atlassian TEAM ... dd 297.39 –6.32 ... ference. Chinese tech stocks like JD.com found fans again. The Nasdaq
A 14.58 5.61 AltisourcePortf ASPS ... dd 11.75 –0.24 ... 20.29 2.05 Atreca BCEL ... dd 2.12 –0.51 ...
68.07
91.00
45.05
45.80
AltraIndlMotion
AltusMidstream
AIMC
ALTM
.6
9.3
23
13
50.62
64.77
–0.17
+2.79
.08
1.50
89.18 52.81
805.62 579.96
AtriCure
Atrion
ATRC ... 69
ATRI 1.1 39
65.44
692.49
+3.82 ...
+22.67 1.95
Composite Index ended Friday at 14,894—down 0.3% for the week.
83.79 59.22 AAON AAON .5 54 71.46 –2.60 .19 20.22 13.29 AmalgamFin AMAL 1.9 11 17.24 –0.24 .08 50.48 31.25 AuburnNatlBncp AUBN 3.1 15 33.95 +1.16 .26
54.73 15.68 AcadiaPharm ACAD ... dd 23.05 +0.46 ...
9.25 3.11 Amarin AMRN ... dd 3.52 +0.27 ... 37.35 25.90 AudioCodes AUDC 1.0 32 32.78 –0.73 .17 Monday Tuesday Wednesday Thursday Friday
43.23 28.39 ACI Worldwide ACIW ... 48 34.55 +0.49 ... 26.16 13.50 AuraBiosciences AURA ... dd 16.40 –0.53 ...
12.61 4.62 AC Immune ACIU ... dd 4.82 –0.03 ... 3773.08
227.59
2881.00
82.59
Amazon.com
Ambarella
AMZN
AMBA
...
...
63
dd
3242.76
155.82
–8.32
–1.78
...
... 33.97 9.72 AuriniaPharm AUPH ... dd 19.71 +0.87 ...
15340
144.81 60.84 ACM Research ACMR ... 63 88.67 +6.67 ... 18.98 5.22 AuroraCannabis ACB ... dd 5.51 ... ...
37.77 15.40 ACV Auctions ACVA ... dd 15.68 –2.16 ... 82.38 68.33 Amdocs DOX 1.9 14 75.70 +0.47 .36
3.11 1.01 ADMA Biologics ADMA ... dd 1.40 +0.07 ... 325.12 133.62 Amedisys AMED ... 22 146.79 –2.14 ... 17.77 7.10 AuroraInnov AUR ... dd 7.26 –1.39 ... 15220
25.50 18.91 AFC Gamma AFCG 8.1 20 20.50 +0.40 .50 36.72 13.63 AmerantBncpA AMTB .2 24 34.49 –0.30 .06 6.20 1.14 AuroraInnovWt AUROW ... ... 1.47 –0.63 ...
18.84 14.42 AGNC Invt AGNC 9.4 6 15.31 +0.01 .12 769.90 448.48 Amerco UHAL .0 13 676.21 –25.68 .50 11.00 0.90 AuroraMobile JG ... dd .95 ... ...
2.78 0.96 ALJ Regional ALJJ ... dd 1.71 –0.07 ... 7.11 4.30 AmerFirstMultifam ATAX 11.2 16 6.76 +0.16 .08 344.39 245.05
9.40 4.21
Autodesk ADSK ... 44 259.10 –3.22 ... 15100
10.15 10.01 ALSPOrchidIUn ALORU ... ... 10.04 +0.01 ... 26.09 15.02 AmerAirlines AAL ... dd 18.49 –0.79 ... AutolusTherap AUTL ... dd 4.41 –0.24 ...
0.50 0.35 ALSPOrchidI Wt ALORW ... ... .35 ... ... 91.58 74.80 AEP AEP 3.4 19 90.98 +0.18 .78 248.96 159.31 ADP ADP 1.8 36 228.75 –10.09 1.04
9.93 9.86 ALSPOrchidI A ALOR ... ... 9.91 ... ... 52.00 45.25 AmerElecPwrUn AEPPL 6.1 ... 50.50 +0.15 .7656 11.59 6.11 AvadelPharm AVDL ... dd 6.46 –0.52 ... 14980
89.04 17.05 AlxOncology ALXO ... dd 18.50 –0.69 ... 54.09 44.71 AmerElecPwrUn AEPPZ 5.7 ... 53.40 +0.19 .7656 9.92 9.83 AvalonAcqn AVAC ... ... 9.86 ... ...
10.69 7.23 AmericanFin AFIN 9.5 dd 8.92 –0.35 .2125 10.20 10.00 AvalonAcqn AVACU ... ... 10.12 –0.01 ... (Prev Fri's Close)
83.63 32.96 AMC Networks AMCX ... 6 42.20 +1.58 ... 0.47 0.34
67.10 50.56 Amerisafe AMSF 2.1 12 55.36 +0.16 .29 40.34 26.90 AmNtlBcsh AMNB 2.8 11 39.52 –0.08 .28 AvalonAcqnWt AVACW ... ... .34 –0.04 ... 14860
80.93 26.24 A-MarkPrecMet AMRK .0 4 58.75 +2.45 2.00 195.89 88.38 AmericanNatl ANAT 1.7 7 188.73 –0.21 .82 13.00 5.89 AveannaHealth AVAH ... ... 6.35 –0.17 ...
60.23 26.10 ANI Pham ANIP ... dd 43.03 –0.84 ... 36.62 16.70 AmOutdoorBrands AOUT ... 14 17.15 –1.19 ... 17.28 5.87 AvePoint AVPT ... dd 6.23 +0.03 ...
413.89 292.79 Ansys ANSS ... 66 348.54 –13.54 ... 39.19 18.11 AmericanPubEdu APEI ... 23 22.60 –0.38 ... 4.94 0.92 AvePointWt AVPTW ... ... 1.05 +0.02 ... 14740
33.37 14.03 APA APA 1.5 21 33.29 +3.62 .125 33.27 18.41 AmerSoftware AMSWA 1.8 73 24.93 +0.21 .11 43.76 17.10 AviatNetworks AVNW ... 6 31.46 +0.06 ...
24.66 14.39 ARKRestaurants ARKR ... 5 17.32 +0.20 ... 30.76 9.14 AmerSupercond AMSC ... dd 9.60 –0.63 ... 40.48 15.93 AvidTechnology AVID ... 45 32.72 +3.68 ...
895.93 501.11 ASML ASML .5 47 744.53 –11.57 2.0843 108.81 56.29 AmericanWoodmark AMWD ... 44 64.77 +2.18 ... 29.59 16.50 AvidityBio RNA ... dd 17.83 –1.34 ... 14620
25.37 6.27 AST Space ASTS ... dd 6.52 –0.94 ... 177.45 95.12 AmerCarMart CRMT ... 6 99.50 –1.34 ... 27.44 11.26 AvidXchange AVDX ... dd 11.43 –1.78 ...
9.43 2.14 AST Space Wt ASTSW ... ... 2.40 –0.34 ... 59.85 36.60 AmerisBancorp ABCB 1.1 10 55.27 +1.20 .15 545.11 37.11 AvisBudget CAR ... 16 195.31 –1.75 ... +6.93 +210.62 +34.94 -381.58 +86.94
19.75 1.00 ATA Creativity AACG ... dd 1.91 –0.73 ... 5.34 3.31 AmeriServFin ASRV 2.5 12 4.01 +0.03 .025 45.43 34.82 Avnet AVT 2.3 13 42.18 +0.86 .24 14500
22.91 5.76 ATAI Life ATAI ... dd 5.96 –0.46 ... 276.69 198.64 Amgen AMGN 3.3 24 235.36 +8.07 1.94 6.52 2.85 Aware AWRE ... dd 3.04 –0.03 ... 10 12 2 4pm 10 12 2 4pm 10 12 2 4pm 10 12 2 4pm 10 12 2 4pm
52.65 37.51 ATN Intl ATNI 1.7 dd 40.77 –0.96 .17 23.36 8.40 AmicusTherap FOLD ... dd 10.53 –0.88 ... 77.60 33.36 AxcelisTechs ACLS ... 32 71.39 +2.72 ...
18.24 3.76 AveoPharma AVEO ... dd 3.95 –0.23 ... 29.50 15.51 AmkorTech AMKR .8 11 24.99 +1.28 .05 6.84 1.80 AxcellaHealth AXLA ... dd 1.82 –0.21 ...
20.07 1.97 AVROBIO AVRO ... dd 2.06 –0.06 ... 25.87 16.91 AmphastarPharm AMPH ... 35 25.37 +0.32 ... 212.37 121.09 AxonEnterprise AXON ... dd 137.17 –8.02 ...
15.84 6.53 AXT AXTI ... 27 8.54 +0.13 ... 15.44 9.17 AmrytPharma AMYT ... dd 10.55 –0.23 ... 79.81 46.96 Axonics AXNX ... dd 53.86 –0.83 ...
24.38 17.14 Abcam ABCM ... cc 17.84 –3.12 ... 15.78 6.83 AmtechSystems ASYS ... 89 9.43 +0.39 ... 80.42 19.38 AxsomeTherap AXSM ... dd 28.60 –4.31 ... 52-Week Tick Div 52-Week Tick Div
55.22 9.92 AbCelleraBio ABCL ... 14 10.05 –1.77 ... 23.16 16.00 AmylyxPharm AMLX ... ... 20.61 +2.54 ... 28.68 6.26 AyalaPharm AYLA ... dd 6.63 –0.78 ... High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt.
387.40 261.27 Abiomed ABMD ... 93 301.22 –18.06 ... 23.42 4.34 Amyris AMRS ... dd 4.99 +0.40 ... 124.79 70.17 Azenta AZTA .5 59 87.57 –6.02 .10
31.53 6.12 Absci ABSI ... dd 6.64 –0.55 ... 191.95 142.25 AnalogDevices ADI 1.6 47 172.00 +3.16 .69 18.20 4.10 AziyoBiologics AZYO ... dd 7.00 +0.12 ... 20.39 10.63 BrilliantEarthA BRLT ... 5 12.42 –5.41 ... 229.18 181.25 CaseysGenStores CASY .7 24 191.16 –5.37 .35
21.20 7.96 AbsoluteSftwr ABST 3.1 dd 8.08 –0.38 .0639 37.89 17.72 AnaptysBio ANAB ... cc 33.74 +0.98 ... 10.03 10.00 BroadCapital BRACU ... ... 10.01 ... ... 48.55 39.14 CassInfoSys CASS 2.8 21 39.81 –0.96 .28
9.09
51.08
4.58
20.31
AcaciaResearch
AcademySports
ACTG
ASO
...
...
dd
6
4.79
38.41
–0.28
–2.26
...
...
31.50
40.29
5.56
22.85
AnavexLifeSci
Andersons
AVXL
ANDE
...
1.8
dd
15
14.39
39.28
–1.14
–0.22
...
.18 B 677.76 419.14
17.66 12.36
Broadcom
BrooklineBcp
AVGO 2.7 40
BRKL 2.8 12
596.37
17.65
–22.78 4.10
+0.17 .125
107.69
46.96
35.25
33.44
CastleBiosci
CathayGenBncp
CSTL
CATY
...
2.9
dd
13
36.69
46.91
–2.40
+0.61
...
.34
68.65 48.62 AcadiaHealthcare ACHC ... 24 57.63 +1.27 ... 19.17 7.86 Angi ANGI ... dd 8.21 –0.22 ... 80.67 3.10 BrooklynImmuno BTX ... dd 3.22 –0.63 ... 327.24 179.00 CavcoIndustries CVCO ... 24 283.72 +0.64 ...
59.93 18.72 Accolade ACCD ... dd 20.21 –0.71 ... 32.00 17.61 AngioDynamics ANGO ... dd 22.63 –0.80 ... 19.75 5.18 BBQ Holdings BBQ ... 8 14.30 +0.27 ... 92.35 54.46 Bruker BRKR .2 40 70.72 –3.44 .04 9.47 5.77 CECO Env CECE ... cc 6.27 +0.06 ...
11.40 10.05 AccretionAcqn ENERU ... ... 10.19 –0.11 ... 26.30 2.25 AngionBiomed ANGN ... dd 2.32 –0.27 ... 16.15 11.00 BCB Bancorp BCBP 4.0 9 16.10 +0.28 .16 10.28 10.00 BullpenParlayAcqUn BPACU ... ... 10.03 +0.01 ... 13.24 6.19 CellebriteDI CLBT ... dd 6.51 –0.33 ...
9.80 9.69 AccretionAcqn ENER ... ... 9.76 ... ... 48.37 32.30 AnikaTherap ANIK ... dd 34.21 –0.15 ... 9.84 2.60 BELLUS Health BLU ... dd 6.30 –0.44 ... 84.80 29.60 Bumble BMBL ... 13 33.25 +1.78 ... 3.09 0.96 CellebriteDIWt CLBTW ... ... 1.14 –0.08 ...
0.37 0.30 AccretionAcqnRt ENERR ... ... .30 –0.03 ... 38.01 6.84 Annexon ANNX ... dd 8.58 +0.27 ... 6.52 3.52 BGC Partners BGCP .9 36 4.38 –0.21 .01 16.80 5.33 BurgerFiIntl BFI ... dd 5.71 –0.08 ... 34.71 7.03 Cellectis CLLS ... dd 7.29 –0.43 ...
0.48 0.35 AccretionAcqnWt ENERW ... ... .38 –0.01 ... 12.09 1.01 AnPacBioMed ANPC ... dd 1.17 –0.02 ... 63.42 28.85 BJsRestaurants BJRI ... dd 32.27 –1.51 ... 4.46 0.50 BurgerFiIntlWt BFIIW ... ... .72 –0.01 ... 9.00 3.53 CelyadOncology CYAD ... dd 3.85 +0.01 ...
6.02 3.46 Accuray ARAY ... dd 4.24 –0.03 ... 10.15 10.02 AnthemisDigital I ADALU ... ... 10.12 +0.04 ... 116.62 72.81 BOK Fin BOKF 1.8 12 116.31 +4.83 .53 39.75 8.79 BurningRockBio BNR ... dd 9.07 –0.12 ... 26.90 8.58 CentessaPharm CNTA ... ... 8.91 +0.05 ...
2.94 0.46 AcelRxPharm ACRX ... dd .52 ... ... 10.00 6.97 AnthemisDigA ADAL ... ... 9.89 –0.01 ... 45.36 22.79 BRP Group BRP ... dd 31.05 –2.41 ... 10.06 9.94 BurTechAcqn BRKHU ... ... 10.04 ... ... 14.00 4.33 Centogene CNTG ... dd 4.52 –0.52 ...
0.49 0.26 AchariVenturesIWt AVHIW ... ... .28 –0.05 ... 0.60 0.45 AnthemisDigI Wt ADALW ... ... .50 ... ... 102.96 63.79 BRP DOOO .5 11 81.20 –1.50 .102 29.50 20.00 BusFirstBcshs BFST 1.7 11 28.90 –0.34 .12 62.91 40.68 CentralGarden CENT ... 18 48.57 –1.64 ...
11.28 10.02 AchariVenturesI AVHIU ... ... 10.11 ... ... 73.00 27.50 ApellisPharm APLS ... dd 40.36 –3.69 ... 91.24 46.57 B RileyFin RILY 3.1 4 80.81 –3.96 1.00 55.82 36.31 CentralGardenA CENTA ... 16 44.77 –1.07 ...
6.27
9.90
18.95
9.82
4.02
AchariVenturesI
AchillesTherap
AVHI
ACHL
...
...
...
...
9.87
4.07
...
–0.19
...
...
50.45
10.39
33.88
3.62
ApogeeEnt
ApolloEnd
APOG
APEN
1.8
...
dd
dd
48.98
5.91
+1.74
–1.56
.22
...
19.76
36.50 13.00
BTRS
Backblaze
BTRS
BLZE
...
...
dd
dd
6.65
13.10
–0.04
–2.94
...
... C 19.60
32.90
9.04
12.47
CenturyAluminum
CenturyTherap
CENX
IPSC
...
...
dd
...
16.88
14.49
–0.66
+1.27
...
...
30.38 5.82 AclarisTherap ACRS ... dd 10.81 –1.89 ... 15.27 11.75 ApolloInv AINV 9.4 6 13.24 +0.06 .05 354.82 132.14 Baidu BIDU ... 26 154.53 +1.20 ... 6.90 2.37 Ceragon CRNT ... dd 2.46 –0.02 ...
8.66 2.13 AcordaTherap ACOR ... dd 2.16 –0.13 ... 185.44 110.22 AppFolio APPF ... cc 115.01 –3.77 ... 27.66 18.75 BakerHughes BKR 2.6 cc 27.46 +1.34 .18 14.69 3.15 Cadiz CDZI ... dd 3.31 –0.77 ... 139.00 63.00 Cerence CRNC ... 61 69.49 –9.52 ...
104.53 56.40 ActivisionBliz ATVI .7 19 65.39 +1.35 .47 42.90 3.73 AppHarvest APPH ... dd 4.02 –0.05 ... 174.29 106.29 Balchem BCPC .4 54 155.52 –3.42 .64 55.00 37.98 C&F Fin CFFI 3.0 6 53.00 +0.02 .40 93.44 67.96 Cerner CERN 1.2 54 92.21 –0.11 .27
10.69 25.72
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

42.28 BallardPower BLDP ... dd 10.98 –0.67 ... 17.76 CB FinSvcs CBFV 3.9 17 24.41 +0.04 .24 45.48 23.75 Certara CERT ... dd 27.79 +2.30 ...
26.98 5.09 AcumenPharm ABOS ... dd 5.38 –0.37 ... 18.58 0.55 AppHarvestWt APPHW ... ... .60 –0.09 ...
77.55 53.77 BancFirst BANF 1.9 16 77.53 +3.27 .36
29.95 2.51 AcutusMedical AFIB ... dd 2.66 –0.46 ... 260.00 53.03 Appian APPN ... dd 55.62 –5.25 ... 33.29 24.08 CBTX CBTX 1.6 17 31.71 +1.33 .13 8.41 4.67 Cerus CERS ... dd 5.84 –0.17 ...
182.94 116.21 Apple AAPL .5 31 173.07 +0.90 .22 196.70 60.13 Bandwidth BAND ... dd 67.95 +5.15 ... 55.51 38.53 CDK Global CDK 1.4 5 43.58 +1.18 .15 10.15 10.02 ChainBridgeI CBRGU ... ... 10.12 +0.03 ...
31.83 7.00 Adagene ADAG ... ... 8.19 –0.60 ... 51.39
78.82 4.92 AdagioTherap ADGI ... dd 5.70 –0.23 ... 9.67 1.67 AppliedGenetic AGTC ... dd 1.74 –0.04 ... 33.90 BankOZK OZK 2.4 12 50.46 –0.38 .30 208.71 130.01 CDW CDW 1.0 27 191.64 –6.74 .50 9.90 9.83 ChainBridgeIA CBRG ... ... 9.90 +0.07 ...
7.34 3.16 AdaptimmuneTher ADAP ... dd 3.30 –0.21 ... 167.06 96.07 ApplMaterials AMAT .6 26 167.00 +16.19 .24 31.31 21.26 BankofPrinceton BPRN 2.4 10 30.40 –0.26 .18 83.95 37.23 CEVA CEVA ... dd 40.56 +1.62 ... 0.90 0.50 ChainBridgeIWt CBRGW ... ... .51 –0.11 ...
71.25 18.74 AdaptiveBiotech ADPT ... dd 19.35 –3.82 ... 78.22 10.52 AppliedMolecular AMTI ... dd 10.94 –1.23 ... 27.28 14.55 Bank7 BSVN 1.8 11 25.96 +1.63 .12 10.16 10.00 CFAcqnCorp.VII CFFSU ... ... 10.01 –0.04 ... 30.48 14.80 ChampionX CHX ... 66 24.57 +1.68 ...
129.01 73.06 AddusHomeCare ADUS ... 34 85.05 –0.73 ... 13.95 4.04 AppliedOptoelec AAOI ... dd 4.11 –0.58 ... 12.79 8.48 BankFinancial BFIN 3.7 21 10.82 –0.20 .10 51.21 25.61 C4 Therap CCCC ... dd 27.54 +0.43 ... 24.11 20.20 ChangeHlthcr CHNG ... dd 20.58 –0.52 ...
29.80 3.60 AppliedTherap APLT ... dd 3.94 –0.23 ... 34.95 19.00 BankwellFin BWFG 2.1 14 34.13 +0.14 .18 112.15 84.67 CH Robinson CHRW 2.0 19 108.29 –0.14 .55 81.48 67.31 ChangeHlthcrUn CHNGU 4.5 ... 67.33 –1.77 .75
18.49 6.25 AdicetBio ACET ... dd 14.56 –0.96 ... 66.62 44.01 Banner BANR 2.5 12 66.33 +1.43 .41 10.71 9.99 CIIGCapitalPtrsII CIIGU ... ... 10.32 –0.03 ...
699.54 420.78 Adobe ADBE ... 52 520.60 +9.90 ... 116.09 49.41 Applovin APP ... dd 79.01 –1.44 ... 825.62 585.45 CharterComms CHTR ... 28 607.69 –2.80 ...
8.46 2.48 ApreaTherap APRE ... dd 2.64 –0.15 ... 57.00 12.30 Baozun BZUN ... cc 13.49 –0.54 ... 10.38 9.75 CIIGCapPtrsII CIIG ... ... 9.87 –0.05 ... 137.49 107.85 CheckPoint CHKP ... 21 126.14 +6.64 ...
24.76 15.28 Adtran ADTN 1.8 cc 19.64 –0.79 .09 86.82 62.30 BarrettBus BBSI 1.8 15 65.95 –1.12 .30
8.41 4.60 AdvEmissions ADES ... 2 6.60 –0.53 ... 40.00 20.07 Apria APR ... 18 37.30 +7.58 ... 1.00 0.50 CIIGCapPtrsIIWt CIIGW ... ... .70 –0.10 ... 17.85 2.36 CheckmatePharm CMPI ... dd 2.54 –0.04 ...
4.73 2.06 Aptinyx APTX ... dd 2.92 +0.22 ... 37.00 15.18 BassettFurniture BSET 3.4 8 15.43 –1.29 .14 17.29 6.50 CimComm CMCT 4.0 dd 7.52 –0.56 .075 65.81 36.41 Cheesecake CAKE ... cc 37.51 –1.42 ...
125.55 81.71 AdvEnergyInds AEIS .4 26 93.73 +4.16 .10 19.95 14.38 BayCom BCML ... 11 19.90 +0.51 ... 19.78 1.87 CLPS CLPS ... 5 2.18 +0.15 ...
164.46 72.50 AdvMicroDevices AMD ... 42 136.88 +4.88 ... 4.94 1.20 Aptorum APM ... dd 1.32 –0.23 ... 60.93 38.79 BeaconRoof BECN ... 14 55.56 +0.93 ...
37.85 25.60 ChefsWarehouse CHEF ... dd 32.69 +0.88 ...
13.22 6.94 AdvantageSolns ADV ... dd 7.28 –0.04 ... 10.10 10.00 APxAcqnI APXIU ... ... 10.06 –0.02 ... 198.61 119.19 CMC Materials CCMP 1.0 dd 187.65 –1.81 .46 70.29 9.53 ChemoCentryx CCXI ... dd 32.50 –4.10 ...
17.50 8.65 ApyxMedical APYX ... dd 11.63 +0.73 ... 138.52 56.34 BeamTherap BEAM ... dd 67.82 –2.54 ... 232.64 177.73 CME Group CME 1.6 33 223.19 –1.85 3.25 49.50 33.33 ChemungFinl CHMG 2.7 9 46.09 +0.34 .31
3.60 1.48 AdvantageSolnsWt ADVWW ... ... 2.36 –0.04 ... 3.42 1.84 BeasleyBroadcast BBGI ... dd 2.02 +0.02 ... 28.59 20.20 CNB FinPA CCNE 2.5 10 28.00 +0.21 .175
14.79 1.55 AdverumBiotech ADVM ... dd 1.65 –0.03 ... 7.00 3.10 AquestiveTherap AQST ... dd 3.69 –0.17 ... 73.66 40.00 ChesapeakeEner CHK 2.4 10 71.52 +2.22 .4375
9.95 2.16 Aravive ARAV ... dd 2.43 –0.32 ... 53.90 12.51 BedBath BBBY ... dd 15.46 +1.66 ... 58.62 17.00 CompassPath CMPS ... dd 17.90 –0.97 ... 40.49 15.00 ChesapeakeWtC CHKEL ... ... 37.01 +0.15 ...
8.79 3.47 AegleaBioTherap AGLE ... dd 4.55 +0.27 ... 426.56 220.04 BeiGene BGNE ... dd 238.64 +9.12 ... 38.92 4.60 CPI Card PMTS ... 9 17.78 +1.36 ...
27.44 3.56 Aemetis AMTX ... dd 10.38 –0.49 ... 0.60 0.47 ArborRaphaCapBioI ARCKW ... ... .48 –0.01 ... 18.50 15.50 ChicagoAtlRealEst REFI 5.7 ... 18.28 +0.95 .26
22.00 12.38 BelFuse A BELFA 1.5 10 15.75 +0.47 .06
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

10.27 10.00 ArborRaphaI ARCKU ... ... 10.09 +0.02 ... 116.71 52.09 CRA Intl CRAI 1.4 17 88.47 –2.96 .31 47.72 12.01 ChickenSoupA CSSE ... dd 13.54 –0.27 ...
21.30 6.67 AeriePharm AERI ... dd 7.55 –0.15 ... 23.00 10.58 BelFuse B BELFB 2.1 8 13.65 +0.25 .07 220.20 64.76 CRISPR Therap CRSP ... 14 67.77 +0.11 ...
29.43 8.83 AerovateTherap AVTE ... ... 9.49 –0.52 ... 10.00 9.84 ArborRaphaCapBioI ARCK ... ... 9.96 –0.02 ... 17.58 9.87 Benefitfocus BNFT ... dd 10.62 +0.07 ... 59.48 42.58 CSG Systems CSGS 1.7 27 57.52 –0.74 .25
113.50 55.78 Children'sPlace PLCE ... 7 73.55 +1.33 ...
143.72 53.50 AeroVironment AVAV ... dd 60.96 –1.57 ... 6.50 2.43 ArbutusBiopharma ABUS ... dd 3.31 –0.19 ... 71.92 38.34 BentleySystems BSY .3 cc 39.28 –3.42 .03 11.57 4.75 Chimerix CMRX ... dd 6.00 ... ...
125.00 45.94 ArcBest ARCB .4 14 90.76 –9.82 .08 2.35 1.11 CSI Compressco CCLP 2.6 dd 1.54 +0.22 .01 2.59 0.73 ChinaIndex CIH ... ... 1.01 –0.04 ...
10.07 9.95 AestherHlthcrA AEHA ... ... 10.00 ... ... 90.09 9.05 BerkeleyLights BLI ... dd 9.67 +0.05 ... 14.33 7.77 CSP CSPI ... 60 8.65 –0.04 ...
0.54 0.40 AestherHlthcrWt AEHAW ... ... .45 ... ... 47.55 31.23 ArchCapital ACGL ... 10 47.41 +2.34 ... 13.45 3.78 BerkshireGrey BGRY ... dd 3.90 –0.55 ... 27.47 5.13 Chindata CD ... 71 5.31 –0.37 ...
36.80 7.02 Arcimoto FUV ... dd 7.30 –0.20 ... 145.50 110.20 CSW Industrials CSWI .5 38 120.52 –2.02 .15 19.85 10.48 ChinookTherap KDNY ... dd 14.46 +0.12 ...
11.24 1.95 AestheticMed AIH ... dd 3.68 –0.07 ... 3.25 0.65 BerkshireGreyWt BGRYW ... ... .69 –0.06 ... 38.01 27.70 CSX CSX 1.0 23 36.44 –1.07 .0933
10.12 9.99 AetheriumAcqn GMFIU ... ... 10.03 –0.02 ... 41.59 15.90 ArcoPlatform ARCE ... dd 19.16 +0.50 ... 10.65 3.85 Berry(bry) BRY 2.5 dd 9.50 +0.71 .06 25.00 18.72 CVB Fin CVBF 3.1 15 23.37 +0.50 .18
44.72 24.14 ChipMOSTechs IMOS 3.4 9 35.85 +2.21 1.5679
11.74 4.20 Affimed AFMD ... dd 4.44 –0.38 ... 89.18 24.87 ArcturusTherap ARCT ... dd 33.48 –0.67 ... 221.00 58.00 BeyondMeat BYND ... dd 66.58 –1.94 ... 14.95 3.05 CabalettaBio CABA ... dd 3.43 –0.04 ... 262.20 175.01 ChurchillDowns CHDN .3 38 212.73 –18.19 .667
176.65 46.50 AffirmHldgs AFRM ... dd 69.19 –10.43 ... 38.49 14.16 ArcutisBiotherap ARQT ... dd 17.41 –1.25 ... 62.08 20.67 BicycleTherap BCYC ... dd 48.44 –1.97 ... 10.76 9.82 CactusAcqn1 A CCTS ... ... 10.00 –0.10 ... 49.99 26.42 Chuy's CHUY ... 22 27.76 –1.84 ...
28.23 12.62 Afya AFYA ... 30 14.05 +0.51 ... 9.23 0.82 Ardelyx ARDX ... dd .93 –0.07 ... 47.65 10.76 Big5SportingGds BGFV 5.0 4 19.98 +0.91 .25 0.57 0.45 CactusAcqn1 Wt CCTSW ... ... .47 –0.01 ... 3.15 0.92 CidaraTherap CDTX ... dd .97 –0.11 ...
64.09 35.80 Agilysys AGYS ... dd 40.99 –2.48 ... 10.20 10.00 ArenaFortify AFACU ... ... 10.13 ... ... 96.66 30.22 BigCommerce BIGC ... dd 31.10 –1.56 ... 192.70 118.11 CadenceDesign CDNS ... 65 161.75 –4.27 ... 128.87 65.35 Cimpress CMPR ... dd 73.60 +2.86 ...
62.16 29.21 AgiosPharm AGIO ... dd 33.14 +0.57 ... 10.14 9.55 ArenaFortifyA AFAC ... ... 9.90 –0.10 ... 157.66 36.12 Bilibili BILI ... dd 38.69 +0.25 ... 119.81 66.34 CaesarsEnt CZR ... dd 82.84 –6.82 ... 127.25 83.56 CincinnatiFin CINF 2.1 8 119.54 +0.90 .63
114.97 13.10 Agora API ... dd 13.42 –0.98 ... 0.51 0.45 ArenaFortifyWt AFACW ... ... .50 +0.01 ... 543.85 311.03 Bio-Techne TECH .3 90 390.11 –25.17 .32 19.80 10.20 Caesarstone CSTE 3.2 22 12.56 +0.43 .10 22.67 13.01 CinCorPharma CINC ... ... 16.14 +0.14 ...
2.89 1.64 AgroFresh AGFS ... dd 2.07 –0.19 ... 94.23 45.50 ArenaPharm ARNA ... dd 92.65 –0.53 ... 76.63 11.96 BioAtla BCAB ... dd 12.63 –3.49 ... 43.24 33.85 Cal-MaineFoods CALM .3 dd 41.13 +2.25 .034 2.95 0.79 Cinedigm CIDM ... dd 1.07 –0.05 ...
10.05 9.95 AhrenAcqn AHRNU ... ... 10.03 ... ... 22.35 17.01 AresCapital ARCC 7.6 6 21.44 +0.22 .41 17.94 7.10 BioceresCrop BIOX ... cc 13.90 +0.38 ... 14.51 6.15 CalAmp CAMP ... dd 6.18 –0.38 ... 461.44 314.62 Cintas CTAS 1.0 37 397.45 +0.03 .95
43.05 19.72 AirT AIRT ... 18 26.55 +0.54 ... 382.15 248.21 arGEN-X ARGX ... dd 291.50 –21.08 ... 18.48 8.37 BioCryst BCRX ... dd 15.48 +3.92 ... 85.40 33.25 CalavoGrowers CVGW 2.7 dd 43.05 –0.67 1.15 15.39 3.25 CipherMining CIFR ... dd 3.37 –0.61 ...
31.48 21.42 AirTransport ATSG ... 13 28.00 +0.29 ... 21.00 10.44 ArgoBlockchain ARBK ... cc 10.97 –0.24 ... 4.68 2.50 BioDeliverySci BDSI ... 10 3.06 –0.04 ... 22.50 11.96 CaliforniaBncp CALB ... 15 21.25 +0.69 ... 3.55 0.81 CipherMiningWt CIFRW ... ... .82 –0.15 ...
219.94 129.71 Airbnb ABNB ... dd 163.99 –2.06 ... 9.96 9.82 ArgusCapitalA ARGU ... ... 9.91 +0.01 ... 31.99 4.02 Biodesix BDSX ... dd 4.75 –0.65 ... 3.62 0.52 CalitheraBiosci CALA ... dd .54 –0.06 ... 103.25 71.11 CirrusLogic CRUS ... 23 94.30 +6.13 ...
18.48 9.83 AirSculptTech AIRS ... ... 15.10 +1.03 ... 11.64 10.05 ArgusCapitalUn ARGUU ... ... 10.05 –0.09 ... 468.55 217.10 Biogen BIIB ... 23 239.30 +6.70 ... 33.19 14.22 CalliditasTherap CALT ... dd 23.17 –0.06 ... 64.29 44.15 CiscoSystems CSCO 2.4 23 61.36 +0.23 .37
124.91 92.64 AkamaiTech AKAM ... 31 112.62 +2.08 ... 0.75 0.50 ArgusCapitalWt ARGUW ... ... .54 –0.03 ... 92.17 71.59 BioMarinPharm BMRN ... cc 90.22 +5.97 ... 17.43 3.02 CalumetSpecialty CLMT ... dd 15.42 +0.23 ... 111.44 54.98 CitiTrends CTRN ... 8 57.36 –23.74 ...
5.14 2.04 AkebiaTherap AKBA ... dd 2.20 –0.01 ... 14.95 7.62 Arhaus ARHS ... 43 10.41 –1.54 ... 22.22 7.00 BiomeaFusion BMEA ... dd 9.03 +1.26 ... 12.43 2.02 Calyxt CLXT ... dd 2.12 –0.05 ... 14.81 10.55 CtznCmntyBcp CZWI 1.6 8 13.94 –0.06 .23
34.87 17.66 AkeroTherap AKRO ... dd 22.26 +2.32 ... 9.82 9.70 AriszAcqnA ARIZ ... ... 9.75 ... ... 22.00 10.53 Bionomics BNOX ... dd 12.42 +0.87 ... 66.40 21.44 CambiumNtwks CMBM ... 14 23.62 –0.17 ... 27.88 17.00 CitizensHolding CIZN 5.3 13 18.20 –0.35 .24
22.88 7.46 Akouos AKUS ... dd 8.23 –0.06 ... 0.20 0.12 AriszAcqnRt ARIZR ... ... .13 –0.01 ... 464.00 90.29 BioNTech BNTX ... 6 196.00 –15.84 ... 51.85 36.75 CamdenNational CAC 3.1 11 50.82 –0.81 .40 145.19 78.07 CitrixSystems CTXS 1.5 38 95.80 +0.08 .37
28.96 11.12 Akoya AKYA ... dd 12.41 –0.37 ... 10.19 10.02 AriszAcqnUn ARIZU ... ... 10.13 +0.04 ... 10.07 9.98 BioPlusAcqnUn BIOSU ... ... 10.04 +0.01 ... 49.60 22.44 Camtek CAMT ... 35 43.07 +1.41 ... 88.49 68.55 CityHolding CHCO 2.8 15 85.01 –0.98 .60
22.39 1.23 AksoHealth AHG ... dd 1.46 –0.02 ... 0.30 0.25 AriszAcqnWt ARIZW ... ... .28 ... ... 19.94 10.74 Bioventus BVS ... 30 14.65 +0.42 ... 39.10 4.30 Canaan CAN ... 10 5.68 +1.01 ... 32.36 15.31 Clarus CLAR .4 41 23.70 –1.77 .025
107.18 73.61 Alarm.com ALRM ... 69 78.35 +0.59 ... 10.53 9.76 ArmadaAcqnIUn AACIU ... ... 10.06 –0.03 ... 9.36 1.80 Bitfarms BITF ... dd 4.56 +0.27 ... 67.39 27.21 CanadianSolar CSIQ ... 25 28.25 –1.53 ... 31.24 1.49 ClarusTherap CRXT ... 5 1.58 –0.08 ...
43.32 15.04 Alector ALEC ... dd 17.51 –0.40 ... 0.67 0.45 ArmadaAcqnIWt AACIW ... ... .48 –0.06 ... 29.65 3.99 BlackDiamond BDTX ... dd 4.24 –0.86 ... 14.78 5.51 CandelTherap CADL ... dd 6.25 –0.50 ... 2.02 0.20 ClarusTherapWt CRXTW ... ... .21 –0.03 ...
13.65 8.73 AlgomaSteel ASTL ... ... 10.02 –0.30 ... 9.91 9.34 ArmadaAcqnI AACI ... ... 9.85 –0.02 ... 86.96 60.01 Blackbaud BLKB ... dd 72.02 +2.63 ... 10.20 10.06 CannaGlblAcqn CNGLU ... ... 10.15 –0.01 ... 19.79 5.85 CleanEnerFuels CLNE ... dd 6.08 –0.12 ...
4.13 0.42 AlgomaSteelWt ASTLW ... ... 2.61 –0.05 ... 10.08 9.96 ArogoCapital AOGOU ... ... 10.07 –0.01 ... 154.61 87.08 BlackLine BL ... dd 88.96 –7.25 ... 18.88 5.75 Canoo GOEV ... dd 6.74 –0.26 ... 86.71 26.53 Clearfield CLFD ... 46 67.84 –3.90 ...
39.05 28.54 Alico ALCO 5.3 8 37.42 –0.74 .50 52.76 12.72 ArrayTech ARRY ... dd 13.08 –1.04 ... 4.47 2.67 BlackRockCapInvt BKCC 9.5 dd 4.21 +0.04 .10 7.33 1.19 CanooWt GOEVW ... ... 1.73 –0.22 ... 7.73 2.17 ClearsideBiomed CLSD ... dd 2.23 –0.30 ...
737.45 494.45 AlignTech ALGN ... 56 524.63 –22.36 ... 31.97 6.44 Arrival ARVL ... ... 6.70 –0.49 ... 15.07 11.30 BlkRkTCPCap TCPC 8.8 5 13.67 +0.03 .30 56.50 7.96 CanopyGrowth CGC ... dd 8.40 –0.12 ... 28.85 2.93 CloverHealth CLOV ... dd 3.11 –0.05 ...
28.59 8.12 AlignmentHlthcr ALHC ... dd 8.39 –2.11 ... 38.24 27.82 ArrowFinancial AROW 2.9 11 36.28 –0.20 .26 9.70 9.61 bleuacaciaA BLEU ... ... 9.63 ... ... 13.25 7.25 Cantaloupe CTLP ... dd 8.33 –0.12 ... 11.10 2.45 ClovisOncology CLVS ... dd 2.71 +0.16 ...
37.51 3.15 AligosTherap ALGS ... dd 3.40 –0.51 ... 93.66 55.28 ArrowheadPharm ARWR ... dd 57.81 –1.14 ... 0.25 0.12 bleuacaciaRt BLEUR ... ... .21 ... ... 18.42 12.80 CanterburyPark CPHC .0 16 17.41 +0.05 .07 54.41 19.61 CoastalFinl CCB ... 27 52.08 –1.15 ...
12.25 3.94 AlimeraSciences ALIM ... dd 4.51 –0.33 ... 10.76 9.95 ArtemisStrat ARTEU ... ... 10.10 –0.11 ... 10.11 9.99 bleuacaciaUn BLEUU ... ... 10.07 +0.02 ... 28.16 13.81 CapitalBancorp CBNK .7 9 26.69 +0.68 .05 638.00 252.14 CocaColaCon COKE .2 24 615.60 +15.60 .25
49.32 15.86 AlkamiTech ALKT ... dd 16.26 –1.69 ... 10.17 9.84 ArtemisStratInvt ARTE ... ... 9.86 –0.03 ... 0.50 0.46 bleuacaciaWt BLEUW ... ... .47 ... ... 29.00 21.42 CapitalCityBank CCBG 2.3 14 27.87 +0.57 .16 63.04 44.34 Coca-ColaEuro CCEP 2.7 37 59.66 +1.83 1.62
33.00 18.02 Alkermes ALKS ... dd 25.25 +1.24 ... 0.58 0.45 ArtemisStratInvtWt ARTEW ... ... .47 –0.02 ... 0.83 0.60 BlockchainCoinWt BCSAW ... ... .65 –0.03 ... 17.00 8.37 CapitalProduct CPLP 2.5 4 15.90 –0.08 .10 25.70 6.16 CodexDNA DNAY ... dd 7.54 –1.83 ...
157.98 7.44 Allakos ALLK ... dd 7.64 –0.75 ... 27.57 14.69 Arteris AIP ... ... 15.25 –2.57 ... 10.40 10.06 BlockchainCoinI BCSAU ... ... 10.16 –0.05 ... 28.41 18.03 CapitalSouthwest CSWC 7.1 14 24.70 –0.24 .50 42.01 16.55 Codexis CDXS ... dd 23.50 –2.11 ...
18.20 8.16 AllarityTherap ALLR ... ... 8.99 –1.76 ... 47.99 35.90 ArtesianRscs A ARTNA 2.4 25 44.65 +0.73 .2675 10.58 4.09 BlockchainCoinIA BCSA ... ... 9.85 –0.07 ... 10.20 10.01 CapitalworksEMAcqn CMCAU ... ... 10.05 –0.05 ... 32.00 8.14 CodiakBioSci CDAK ... dd 9.13 –0.96 ...
32.44 12.56 Allbirds BIRD ... dd 13.92 –0.02 ... 108.47 56.59 Arvinas ARVN ... dd 67.42 –1.54 ... 11.33 10.09 BlockchainMoon BMAQU ... ... 11.00 +0.59 ... 14.38 10.67 CapitolFedFin CFFN 2.9 21 11.55 –0.13 .22 23.85 15.29 CodorusValleyBncp CVLY 2.7 13 22.11 –0.12 .15
45.91 32.45 AllegianceBcshs ABTX 1.1 12 45.00 +1.03 .12 178.71 109.36 AscendisPharma ASND ... dd 122.96 +6.10 ... 9.90 9.70 BlockchainMoonA BMAQ ... ... 9.79 +0.01 ... 23.00 13.68 CapStarFin CSTR 1.1 11 22.04 +0.38 .06 12.60 5.83 CogentBio COGT ... dd 8.13 –0.20 ...
271.29 163.60 AllegiantTravel ALGT ... 30 186.10 +7.88 ... 6.75 1.02 AslanPharm ASLN ... dd 1.08 +0.01 ... 0.41 0.27 BlockchainMoonRt BMAQR ... ... .34 +0.01 ... 29.65 11.22 CaraTherap CARA ... 25 11.95 +0.19 ... 80.50 56.38 CogentComm CCOI 5.0 cc 63.99 –5.14 .83
38.28 22.05 AllegroMicro ALGM ... 91 30.76 –1.41 ... 10.62 1.85 AspenGroup ASPU ... dd 2.50 ... ... 0.68 0.28 BlockchainMoonWt BMAQW ... ... .35 –0.06 ... 48.28 17.51 CardiovascularSys CSII ... dd 19.18 +1.04 ... 101.82 69.35 Cognex CGNX .4 43 70.66 –0.82 .065
2.78 0.43 AllenaPharm ALNA ... dd .45 –0.06 ... 169.22 122.29 AspenTech AZPN ... 33 155.92 +8.48 ... 32.81 17.29 BloominBrands BLMN ... 17 21.11 –0.17 ... 161.47 56.06 Cardlytics CDLX ... dd 65.37 +4.29 ... 13.80 4.68 CognitionTherap CGTX ... dd 6.25 +0.50 ...
14.79 4.98 AllianceResource ARLP 5.5 12 14.67 +0.89 .20 7.02 1.84 AssemblyBiosci ASMB ... dd 1.95 –0.16 ... 18.83 14.21 Blucora BCOR ... dd 17.12 +0.13 ... 12.84 4.86 Carecloud MTBC ... dd 5.68 –0.28 ... 92.03 66.19 CognizantTech CTSH 1.1 25 87.20 –0.22 .24
62.35 45.99 AlliantEnergy LNT 2.7 24 60.07 –0.92 .4025 80.00 50.29 AstecIndustries ASTE .7 38 71.14 –0.38 .12 28.90 14.31 BlueBird BLBD ... dd 15.85 +0.25 ... 99.83 38.43 CareDx CDNA ... dd 41.61 +2.54 ... 38.00 12.78 CognyteSoftware CGNT ... cc 12.98 –1.33 ...
44.70 27.47 AlliedMotionTech AMOT .3 23 39.37 –1.94 .025 22.47 5.32 AstraSpace ASTR ... dd 5.54 –0.59 ... 15.47 12.32 BlueFoundryBncp BLFY ... ... 14.80 +0.09 ... 16.75 5.92 CareMax CMAX ... dd 7.32 –0.38 ... 270.99 144.85 Coherent COHR ... dd 259.65 –5.12 ...
39.12 11.54 AllogeneTherap ALLO ... dd 13.28 –0.18 ... 64.21 46.48 AstraZeneca AZN 2.3 93 58.85 +1.37 .45 10.05 9.99 BlueOceanAcqn BOCNU ... ... 10.00 ... ... 7.15 0.96 CareMaxWt CMAXW ... ... 1.44 –0.08 ... 22.22 12.21 CoherusBioSci CHRS ... dd 13.90 –0.77 ...
21.04 10.36 Allot ALLT ... dd 11.34 –0.87 ... 47.82 4.30 AstriaTherap ATXS ... dd 4.73 –0.45 ... 34.18 8.12 bluebirdbio BLUE ... dd 8.73 –0.82 ... 24.89 19.45 CareTrustREIT CTRE 4.7 29 22.70 –0.37 .265 51.86 29.00 Cohu COHU ... 11 36.35 +0.43 ...
47.00 9.92 AlloVir ALVR ... dd 10.40 –1.13 ... 20.93 9.94 Astronics ATRO ... dd 13.11 –0.52 ... 20.46 1.25 BlueCity BLCT ... dd 1.44 –0.05 ... 39.77 22.63 CarGurus CARG ... 36 31.94 –0.64 ... 429.54 208.00 CoinbaseGlbl COIN ... 20 230.03 –2.30 ...
19.01 13.05 AllscriptsHlthcr MDRX ... dd 17.88 +0.23 ... 18.52 10.25 AstroNova ALOT ... 12 13.13 –0.12 ... 4.26 1.95 BlueknightEner BKEP 4.6 2 3.50 +0.18 .04 32.65 10.82 CaribouBio CRBU ... dd 11.61 –1.40 ... 26.91 17.22 CollegiumPharm COLL ... 7 18.54 –0.68 ...
212.00 125.08 AlnylamPharm ALNY ... dd 148.50 +0.37 ... 21.85 11.81 AtaraBiotherap ATRA ... dd 16.07 +0.36 ... 117.86 74.75 BlueprintMed BPMC ... dd 78.00 –13.45 ... 12.90 2.01 CarLotz LOTZ ... dd 2.08 –0.15 ... 150.64 85.43 ColliersIntl CIGI .2 dd 138.74 –3.21 .15
64.00 23.66 Alpha&Omega AOSL ... 19 50.79 –3.53 ... 94.17 7.01 AteaPharm AVIR ... 27 7.30 –0.34 ... 43.07 3.43 BoltBiotherap BOLT ... dd 3.96 +0.18 ... 3.11 0.33 CarLotzWt LOTZW ... ... .42 ... ... 24.26 10.64 Collplant CLGN ... dd 11.71 –1.47 ...
10.35 10.06 AlphaStarAcqn ALSAU ... ... 10.24 –0.04 ... 15.00 1.03 Athenex ATNX ... dd 1.13 –0.14 ... 2687.29 1860.73 BookingHldgs BKNG ... cc 2450.95 +16.37 ... 60.62 31.18 Carlyle CG 2.0 7 51.19 +0.17 .25 19.59 13.70 ColonyBankcorp CBAN 2.3 9 18.03 +0.06 .1025
30.89 15.00 AlphaTeknova TKNO ... dd 16.31 –1.04 ... 27.25 8.88 AthiraPharma ATHA ... dd 11.05 –0.96 ... 56.80 36.05 Bottomline EPAY ... dd 56.36 ... ... 23.26 9.90 CarParts.com PRTS ... dd 10.02 –1.23 ... 50.68 30.09 ColumbiaBanking COLB 3.2 12 36.95 +0.90 .30
3019.33 1711.71 Alphabet A GOOGL ... 27 2789.61 +49.27 ... 15.97 2.23 AtlanticAmerican AAME .7 4 2.72 –0.18 .02 22.82 12.60 BowmanConsult BWMN ... dd 20.80 –0.72 ... 8.09 2.58 CarrolsRestr TAST .0 dd 2.81 –0.09 .41 21.19 14.70 ColumbiaFin CLBK ... 25 20.93 –0.10 ...
3037.00 1721.55 Alphabet C GOOG ... 27 2795.73 +55.64 ... 33.46 16.64 AtlCapitalBcshs ACBI ... 14 33.41 +1.20 ... 25.01 4.41 BraggGaming BRAG ... dd 4.71 –0.37 ... 16.46 9.75 CarterBkshrs CARE ... 15 16.29 +0.19 ... 114.98 85.28 ColumbiaSportswr COLM 1.1 21 91.27 –3.01 .26
19.36 10.31 Alphatec ATEC ... dd 12.21 +0.91 ... 10.04 9.99 AtlCoastalAcqnII ACABU ... ... 10.00 ... ... 11.77 6.90 Brainsway BWAY ... dd 7.85 +0.05 ... 10.13 10.07 CarticaAcqn CITEU ... ... 10.10 +0.01 ... 57.06 39.53 ColumbusMcKinn CMCO .5 54 49.53 +0.53 .06
15.14 7.87 AlpineImmune ALPN ... dd 10.41 –0.32 ... 42.45 32.27 AtlUnionBkshs AUB 2.7 12 42.12 +0.93 .28 98.78 55.73 Braze BRZE ... ... 62.61 –1.40 ... 13.15 4.59 CasaSystems CASA ... 18 5.14 –0.12 ... 61.80 46.29 Comcast A CMCSA 1.9 17 51.68 +1.63 .25
82.96 54.64 AltairEngg ALTR ... dd 64.20 –3.32 ... 48.49 31.61 AtlanticaSust AY 5.2 dd 33.05 –1.08 .435 73.50 11.20 BridgeBioPharma BBIO ... dd 12.75 –1.90 ... 11.61 9.80 CascadiaAcqn CCAIU ... ... 9.99 +0.04 ... 79.10 61.81 CommerceBcshrs CBSH 1.3 17 74.50 +1.13 .2625
10.20 10.02 AltEnergyAcqn AEAEU ... ... 10.16 +0.03 ... 91.98 22.89 Atlanticus ATLC ... 11 71.91 +4.85 ... 21.80 11.35 BridgfordFoods BRID ... cc 12.65 +0.47 ... 9.95 9.66 CascadiaAcqnA CCAI ... ... 9.72 –0.02 ... 13.61 6.92 CommVehicle CVGI ... 16 8.46 +0.36 ...
10.78 3.85 AltEnergyA AEAE ... ... 9.91 –0.09 ... 97.13 51.01 AtlasAir AAWW ... 5 82.21 –6.04 ... 25.26 9.20 Brightcove BCOV ... 60 9.85 –0.12 ... 0.70 0.46 CascadiaAcqnWt CCAIW ... ... .49 –0.01 ... 22.18 9.25 CommScope COMM ... dd 10.18 –0.66 ...
0.95 0.49 AltEnergyWt AEAEW ... ... .50 –0.05 ... 15.40 7.50 AtlasTech ATCX ... dd 8.50 +0.54 ... 58.28 35.32 BrighthouseFin BHF ... dd 58.18 +2.01 ... 89.84 53.89 CasellaWaste CWST ... 41 76.31 –3.99 ... 11.45 2.20 CommsSystems JCS .0 5 2.34 –0.13 3.50
60 BARRON’S January 17, 2022

Nasdaq Issues
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.
47.53 36.02 CmntyTrBcp CTBI 3.5 10 45.95 +0.32 .40 149.37 84.26 DollarTree DLTR ... 22 130.81 –10.15 ... 18.80 6.57 Fanhua FANH 9.6 9 7.06 –0.35 .15 19.09 1.96 GeminiTherap GMTX ... dd 2.12 –0.43 ... 85.00 60.10 Hologic HOLX ... 10 69.59 –0.72 ...
14.62 8.75 CommWestBcshs CWBC 2.0 9 13.80 +0.15 .07 98.35 40.21 Domo DOMO ... dd 45.23 +0.82 ... 20.75 4.51 FaradayFuture FFIE ... dd 5.65 +0.29 ... 15.75 10.84 GencorIndustries GENC ... 29 11.60 –0.16 ... 45.73 28.11 HomeBancorp HBCP 2.1 7 44.20 –1.00 .23
84.22 56.53 CommVaultSys CVLT ... cc 69.68 +3.00 ... 16.48 13.35 DonegalGroup A DGICA 4.4 13 14.63 –0.13 .16 13.08 5.15 FarmerBros FARM ... dd 7.38 –0.13 ... 41.86 5.50 GenerationBio GBIO ... dd 6.97 +0.28 ... 10.19 9.66 HomePlateAcqn HPLT ... ... 9.73 +0.03 ...
10.04 9.81 CompassDigital CDAQU ... ... 9.90 ... ... 16.36 11.93 DonegalGroup B DGICB 4.1 13 13.76 –0.76 .1425 64.75 43.37 Fastenal FAST 1.9 38 59.20 –1.43 .28 10.10 9.97 GenesisGrowth GGAAU ... ... 10.05 ... ... 10.91 9.81 HomePlateAcqn HPLTU ... ... 9.92 –0.06 ...
9.74 9.62 CompassDigitalAcqn CDAQ ... ... 9.67 +0.01 ... 22.57 11.95 DorchesterMnls DMLP 6.9 15 22.28 +1.03 .5076 10.20 9.95 FatProjectsAcqn FATPU ... ... 10.10 –0.01 ... 31.54 4.39 Genetron GTH ... dd 4.69 –0.51 ... 0.89 0.47 HomePlateAcqnWt HPLTW ... ... .70 +0.13 ...
0.95 0.70 CompassDigitalWt CDAQW ... ... .71 ... ... 122.96 89.30 DormanProducts DORM ... 26 105.95 –2.14 ... 9.78 9.70 FatProjectsAcqn FATP ... ... 9.78 +0.03 ... 7.19 3.01 Genfit GNFT ... dd 4.93 +0.11 ... 13.15 3.60 HomePtCap HMPT 3.3 2 4.89 +0.29 .04
10.75 6.63 CompoSecure CMPO ... dd 7.49 –0.01 ... 18.50 14.15 DoubleDown DDI ... 9 15.64 +0.49 ... 0.47 0.32 FatProjectsAcqnWt FATPW ... ... .35 –0.02 ... 49.07 30.10 Genmab GMAB ... 51 35.70 –0.59 ... 57.34 32.75 HomeStreet HMST 1.8 11 56.63 +0.34 .25
2.50 0.61 CompoSecureWt CMPOW ... ... 1.17 –0.27 ... 20.54 1.98 DouYuIntl DOYU ... dd 2.45 –0.04 ... 119.85 40.33 FateTherap FATE ... dd 43.28 –5.03 ... 37.90 30.40 Gentex GNTX 1.3 21 35.63 +0.44 .12 32.57 19.55 HomeTrustBcshs HTBI 1.1 27 32.51 +0.26 .09
14.22 3.68 Compugen CGEN ... dd 3.89 –0.24 ... 74.38 22.41 DraftKings DKNG ... dd 23.19 –4.05 ... 8.80 1.33 FedNat FNHC ... dd 1.40 –0.10 ... 99.00 60.89 Gentherm THRM ... 31 98.58 +12.47 ... 15.24 3.37 HomologyMed FIXX ... dd 3.69 +0.20 ...
37.62 27.95 ComputerPrograms CPSI ... 26 29.18 +0.28 ... 36.60 15.25 DreamFinders DFH ... 18 19.72 +1.70 ... 57.21 9.88 FibroGen FGEN ... dd 14.34 +0.81 ... 12.40 6.41 GeospaceTech GEOS ... dd 8.26 +0.48 ... 23.88 6.69 Honest HNST ... dd 6.83 –0.27 ...
11.68 6.31 ComputerTask CTG ... 18 8.59 –0.47 ... 35.56 22.26 DrivenBrands DRVN ... cc 31.72 +0.18 ... 69.45 43.69 FidelityD&D FDBC 2.5 13 52.93 –0.47 .33 51.11 32.69 GermanAmerBncp GABC 2.0 13 41.60 +0.41 .21 236.86 194.55 Honeywell HON 1.8 28 217.65 +1.90 .98
5.25 2.66 comScore SCOR ... dd 3.23 –0.14 ... 33.00 21.57 Dropbox DBX ... dd 24.06 +0.43 ... 7.71 1.93 FieldTripHealth FTRP ... dd 1.99 –0.11 ... 2.36 1.11 Geron GERN ... dd 1.20 +0.03 ... 42.90 21.32 HookerFurnishings HOFT 3.5 12 23.16 +0.30 .20
30.40 20.64 ComtechTel CMTL 1.7 cc 23.07 –0.50 .10 59.40 26.63 DuckCreekTech DCT ... dd 27.36 +0.17 ... 18.52 8.95 FiestaRestaurant FRGI ... dd 10.02 –0.74 ... 10.50 9.71 GesherIAcqnA GIAC ... ... 9.76 ... ... 16.82 11.05 HopeBancorp HOPE 3.3 11 16.79 +0.67 .14
191.35 105.42 Concentrix CNXC .6 25 166.64 +2.17 .25 20.78 11.91 DuluthHoldings DLTH ... 14 14.53 –0.48 ... 50.50 28.25 FifthThirdBncp FITB 2.4 14 50.45 +1.65 .30 0.94 0.50 GesherIAcqnWt GIACW ... ... .57 ... ... 23.27 15.66 HorizonBancorp HBNC 2.6 12 23.25 +1.46 .15
12.38 2.64 ConcertPharm CNCE ... dd 3.15 +0.06 ... 205.00 89.98 Duolingo DUOL ... dd 92.63 –9.56 ... 79.00 43.19 51job JOBS ... 35 49.58 +4.19 ... 4.32 1.14 GetnetAdquirencia GET 6.3 ... 1.36 +0.01 .0853 19.08 12.23 HorizonTechFin HRZN 7.4 12 16.27 +0.27 .10
8.50 4.60 Conduent CNDT ... dd 5.59 –0.35 ... 32.32 8.34 DyneTherap DYN ... dd 9.29 –1.59 ... 33.78 22.57 FinInstitutions FISI 3.2 8 33.57 –0.04 .27 103.02 60.28 GibraltarInds ROCK ... 35 62.20 –1.38 ... 120.54 70.15 HorizonTherap HZNP ... 39 91.10 –7.06 ...
94.97 37.71 Confluent CFLT ... dd 65.00 –2.11 ... 9.95 9.82 FinStrategiesA FXCO ... ... 9.83 ... ... 35.80 24.68 GIIIApparel GIII ... 8 27.53 +0.25 ... 19.02 13.16 HostHotels HST ... dd 17.94 –0.27 ...
0.28 0.25
4.82 2.10
29.27 4.06
Conifer
ConnectBiopharma
CNFR ... 8
CNTB ... ...
2.40
5.14
–0.02 ...
+0.53 ... E 0.38 0.30
FinStrategiesAcqnRt
FinStrategiesWt
FXCOR
FXCOW
... ...
... ...
.25
.30
... ...
... ...
22.69 6.58
74.12 61.39
GilatSatellite
GileadSciences
GILT ... 8
GILD 4.0 12
7.86
71.77
–0.24 ...
+0.51 .71
17.93 3.82
64.53 32.99
HoughtonMifflin
Huazhu
HMHC ... dd
HTHT ... cc
16.16
34.26
+0.95 ...
–2.51 ...
37.00 19.50 ConnectOneBncp CNOB 1.4 12 36.97 +1.41 .13 22.50 8.40 FinchTherap FNCH ... ... 9.10 –0.07 ... 137.00 63.30 GitLab GTLB ... dd 64.06 –6.63 ... 87.21 52.35 HubGroup HUBG ... 25 80.62 +0.24 ...
31.48 13.05 Conn's CONN ... 5 22.87 –1.22 ... 3.23 0.35 ECMOHO MOHO ... dd .36 –0.03 ... 11.16 10.00 FinnovateAcqn FNVTU ... ... 10.13 –0.02 ... 12.58 9.02 GladstoneCap GLAD 6.9 4 11.28 +0.02 .065 30.99 11.01 HudsonGlobal HSON ... 34 26.86 –0.86 ...
69.31 34.81 ConsensusCloud CCSI ... ... 59.12 +2.32 ... 10.68 5.00 EDAP TMS EDAP ... cc 6.41 +0.06 ... 0.51 0.32 FinnovateAcqnWt FNVTW ... ... .38 –0.01 ... 26.13 17.46 GladstoneComm GOOD 6.1 cc 24.68 –0.08 .1254 13.85 1.17 HuizeHolding HUIZ ... dd 1.26 –0.17 ...
10.05 10.02 ConsiliumAcqnI CSLMU ... ... 10.03 +0.03 ... 10.38 10.04 EsgenAcqn ESACU ... ... 10.13 –0.02 ... 10.29 10.05 FintechEcosys FEXDU ... ... 10.26 +0.03 ... 17.15 10.10 GladstoneInvt GAIN 5.5 5 16.23 –0.67 .075 17.45 5.57 Humacyte HUMA ... dd 5.83 –0.42 ...
9.89 5.11 ConsldComm CNSL ... dd 7.16 –0.40 ... 10.49 9.85 EsgenAcqnA ESAC ... ... 9.92 –0.01 ... 9.90 9.85 FintechEcoA FEXD ... ... 9.90 ... ... 35.08 14.92 GladstoneLand LAND 1.6 dd 33.03 +0.96 .0453 5.60 1.32 HumacyteWt HUMAW ... ... 1.69 –0.44 ...
15.37 9.88 ConsldWater CWCO 3.4 cc 10.08 –0.37 .085 0.65 0.45 EsgenAcqnWt ESACW ... ... .45 –0.02 ... 0.28 0.18 FintechEcoRt FEXDR ... ... .21 ... ... 52.49 24.61 GlbBloodTherap GBT ... dd 28.99 +0.36 ... 208.87 133.36 JBHunt JBHT .6 32 202.07 +1.96 .30
44.99 25.41 ConstructionPtrs ROAD ... 69 26.71 –1.87 ... 18.23 14.01 ESSA Bancorp ESSA 2.7 11 17.49 +0.16 .12 0.36 0.28 FintechEcoWt FEXDW ... ... .30 ... ... 83.77 24.22 Global-EOnline GLBE ... ... 43.02 –7.30 ... 17.64 13.01 HuntingtonBcshs HBAN 3.5 19 17.63 +0.41 .155
12.66 3.80 ConsumerPtfo CPSS ... 8 10.89 –0.40 ... 31.99 20.07 EVO Payments EVOP ... dd 23.95 –1.21 ... 17.75 11.90 FinWiseBancorp FINW ... ... 17.05 +1.75 ... 0.65 0.42 GlblTechAcqnIWt GTACW ... ... .46 –0.02 ... 38.83 27.80 Hurco HURC 1.8 31 30.99 –0.29 .14
32.85 2.44 ContextLogic WISH ... dd 2.53 –0.23 ... 26.13 20.00 EagleBncpMT EBMT 2.1 9 23.58 +0.58 .125 24.73 16.39 FirstAdvantage FA ... dd 17.67 –0.33 ... 10.40 9.97 GlblTechAcqnI GTACU ... ... 10.10 ... ... 60.34 44.33 HuronConsulting HURN ... 40 47.19 –2.51 ...
161.12 101.92 Copart CPRT ... 33 136.71 +0.30 ... 56.47 18.64 EagleBulkShip EGLE 18.0 7 44.48 –0.77 2.00 50.92 33.50 FirstBancorpNC FBNC 1.6 13 48.60 +0.23 .20 10.30 9.69 GlblTechAcqnI GTAC ... ... 9.87 –0.03 ... 16.57 3.15 Hut8Mining HUT ... 15 6.62 +0.01 ...
18.80 4.30 CorMedix CRMD ... dd 4.63 –0.22 ... 58.25 36.48 EaglePharm EGRX ... cc 47.21 –3.42 ... 34.49 23.40 FirstBancorp FNLC 3.8 11 33.85 +0.43 .32 21.25 15.29 GlobalWaterRscs GWRS 1.8 cc 15.75 –0.56 .0246 95.48 22.00 Hydrofarm HYFM ... 90 22.92 –0.65 ...
49.60 19.74 CorsairGaming CRSR ... 17 20.72 –0.05 ... 76.75 4.49 Eargo EAR ... dd 5.51 –0.86 ... 42.89 29.17 FirstBancshares FBMS 1.6 13 39.48 –0.27 .16 28.68 16.88 GlbXBlockchain&Bit BITS ... ... 18.20 +0.42 ... 16.61 5.99 Hyperfine HYPR ... dd 6.04 –0.71 ...
121.98 10.15 Cortexyme CRTX ... dd 10.68 –1.37 ... 91.70 58.66 EastWestBncp EWBC 1.5 16 90.49 +3.68 .33 15.90 8.78 FirstBank FRBA 1.7 8 14.42 –0.44 .06 73.25 44.48 GlobalFoundries GFS ... ... 59.60 –0.41 ... 11.25 5.15 Hywin HYW ... ... 5.64 –0.02 ...
213.38 97.39 Corvel CRVL ... 59 192.92 +2.18 ... 23.03 15.87 EasternBankshares EBC 1.5 50 22.04 +0.42 .08 29.70 20.58 FirstBusey BUSE 3.1 13 29.54 +0.12 .23 10.53 10.10 GlobalinkInvt GLLIU ... ... 10.28 +0.05 ... 19.95 4.72 HyzonMotors HYZN ... dd 4.99 –1.69 ...
9.54 1.86 CorvusPharm CRVS ... 33 2.25 +0.08 ... 33.96 22.73 Eastern EML 1.6 20 27.27 +0.40 .11 31.89 17.56 FirstBusFinSvcs FBIZ 2.4 8 30.30 –0.50 .18 9.86 9.77 GlobalinkInvt GLLI ... ... 9.84 +0.01 ... 6.05 0.99 HyzonMotorsWt HYZNW ... ... 1.32 –0.58 ...
101.05 69.58 CoStar CSGP ... cc 74.53 +2.65 ... 13.70 0.84 EbangIntl EBON ... ... 1.00 –0.03 ... 947.71 571.90 FirstCitizBcshA FCNCA .2 16 906.02 –0.06 .47 0.31 0.22 GlobalinkInvtRt GLLIR ... ... .28 +0.03 ...
571.49 307.00
52.26 19.65
Costco
Couchbase
COST .6 43
BASE ... dd
502.99
20.20
–33.19 .79
–1.79 ...
81.19
64.14
51.51
22.39
eBay
Ebix
EBAY
EBIX
1.1
.9 14
3 63.45
31.98
–2.87
+1.72
.18
.075
36.73 21.36
4.89 3.25
FstCmntyBcsh
FirstEagleAltCap
FCBC
FCRD
3.1 12
8.9 7
34.89
4.50
–0.35 .27
–0.16 .10
0.29 0.13
4.40 1.20
GlobalinkInvtWt
GlycoMimetics
GLLIW ... ...
GLYC ... dd
.18
1.24
+0.01 ...
–0.15 ... I
377.04 134.00 CoupaSoftware COUP ... dd 138.44 +0.83 ... 30.90 20.65 EchoStar SATS ... 15 25.03 –1.11 ... 26.83 18.11 FirstFinBncpOH FFBC 3.4 13 26.73 +0.23 .23 19.49 9.18 Gogo GOGO ... dd 13.08 –0.45 ...
34.75 14.09 CovenantLogist CVLG ... 23 23.16 +0.67 ... 40.49 13.19 EdgewiseTherap EWTX ... ... 17.50 –0.05 ... 55.00 37.50 FirstFinBkshs FFIN 1.1 33 52.81 +0.02 .15 15.38 2.59 GoHealth GOCO ... dd 2.94 –0.04 ... 179.12 119.20 IAC/InterActive IAC ... 11 131.38 +0.15 ...
40.78 15.80 Covetrus CVET ... dd 16.27 –1.48 ... 83.95 20.90 EditasMedicine EDIT ... dd 22.10 –3.04 ... 47.00 37.70 FirstFinIN THFF 2.3 10 45.56 –0.25 .10 14.36 9.26 GolarLNG GLNG ... 4 14.08 +0.54 ... 25.50 10.77 IBEX IBEX ... 29 14.11 +0.12 ...
44.07 23.40 Cowen COWN 1.1 4 35.07 –0.67 .10 19.50 7.50 EducDev EDUC 5.1 7 7.84 –0.61 .10 17.25 12.15 FirstFinNW FFNW 2.6 13 16.66 –0.09 .11 54.86 16.51 GoldenEnt GDEN ... 12 45.91 –2.60 ... 108.23 75.44 ICF Intl ICFI .5 28 104.33 –1.02 .14
178.82 117.10 CrackerBarrel CBRL 3.7 26 129.15 –7.27 1.30 129.80 13.90 EHang EH ... dd 16.78 +1.37 ... 29.41 20.01 FirstFoundation FFWM 1.3 11 27.56 +0.75 .09 23.24 8.16 GoldenNugget GNOG ... dd 8.44 –1.48 ... 282.00 183.39 ICU Medical ICUI ... 44 219.99 –9.04 ...
703.27 320.19 CreditAcceptance CACC ... 11 577.00 –55.96 ... 93.19 21.00 eHealth EHTH ... dd 25.22 +0.89 ... 23.06 13.94 FirstGuarBcshs FGBI 3.1 9 20.89 +0.64 .16 12.17 4.62 GoldenOcean GOGL 22.9 5 9.32 –0.56 .85 28.00 16.21 IDEAYA Bio IDYA ... dd 17.82 –0.15 ...
21.48 14.87 CrescentCapBDC CCAP 9.0 5 18.17 +0.22 .05 13.49 4.36 EigerBioPharma EIGR ... dd 4.72 –0.16 ... 31.16 23.14 FirstHawaiian FHB 3.4 15 30.95 +0.44 .26 16.22 14.16 GolubCapital GBDC 7.7 8 15.54 +0.06 .30 706.95 455.23 IdexxLab IDXX ... 61 529.35 –20.95 ...
9.84 9.80 CresceraCapA CREC ... ... 9.81 ... ... 28.28 10.93 89bio ETNB ... dd 12.12 –0.89 ... 53.11 28.05 FirstInternetBncp INBK .5 11 52.10 +0.79 .06 59.67 25.07 GoodRx GDRX ... dd 26.85 +0.48 ... 56.24 41.77 IES Holdings IESC ... 16 51.19 +0.85 ...
10.08 9.91 CresceraCapAcqnUn CRECU ... ... 10.05 +0.03 ... 21.96 12.06 ElPolloLoco LOCO ... 18 13.87 +0.06 ... 51.24 37.23 FirstInterBanc FIBK 3.7 15 44.28 –0.24 .41 24.89 10.36 Goodyear GT ... 23 24.12 +2.22 ... 127.11 20.03 IGM Biosci IGMS ... dd 21.88 –2.72 ...
0.60 0.44 CresceraCapWt CRECW ... ... .53 ... ... 179.68 122.85 ElbitSystems ESLT 1.0 24 178.16 +1.27 .46 50.65 36.59 FirstMerchants FRME 2.5 12 45.78 +0.21 .29 181.30 78.86 GooseheadIns GSHD .0 cc 98.59 –13.48 1.63 100.44 54.35 II-VI IIVI ... 29 71.05 –0.74 ...
7.55 4.00 Cresud CRESY ... dd 4.98 +0.34 ... 14.98 6.03 ElcLastMile ELMS ... dd 6.53 +0.11 ... 45.84 31.77 FirstMidBcshs FMBH 2.0 16 44.53 –0.22 .22 13.79 7.02 GoPro GPRO ... 5 10.44 –0.24 ... 85.40 33.44 I-Mab IMAB ... ... 35.06 –5.63 ...
47.36 14.88 Cricut CRCT ... 26 22.42 –0.95 ... 3.79 1.03 ElcLastMileWt ELMSW ... ... 1.28 +0.12 ... 24.28 16.39 FirstMidwestBncp FMBI 2.5 15 22.55 +0.51 .14 10.07 9.96 GoresIX GHIXU ... ... 10.00 ... ... 82.94 56.30 IndusRealty INDT .8 dd 80.15 –0.11 .16
28.95 13.83 CrineticsPharm CRNX ... dd 24.01 –1.32 ... 3.63 0.52 electroCore ECOR ... dd .76 +0.21 ... 20.56 13.70 FirstNWBncp FNWB 1.4 14 20.29 –0.10 .07 14.30 7.04 GossamerBio GOSS ... dd 11.85 –0.10 ... 10.32 3.57 IN8bio INAB ... ... 4.05 –0.24 ...
46.65 17.64 Criteo CRTO ... 21 35.78 +0.17 ... 150.30 120.08 ElectronicArts EA .5 48 130.44 –1.34 .17 123.13 67.71 FirstSolar FSLR ... 20 83.02 –1.66 ... 18.11 5.81 Grab GRAB ... dd 6.04 –0.77 ... 17.88 6.02 IO Biotech IOBT ... ... 7.60 +0.67 ...
11.50 9.88 CrixusBH3 BHACU ... ... 10.07 +0.05 ... 16.22 4.15 ElevationOnc ELEV ... dd 6.00 +0.02 ... 52.61 38.73 1stSource SRCE 2.4 11 52.59 +0.37 .31 33.70 4.37 GracellBiotech GRCL ... dd 4.59 –0.16 ... 262.55 151.27 IPG Photonics IPGP ... 33 161.25 –1.36 ...
10.35 9.71 CrixusBH3 A BHAC ... ... 9.74 –0.06 ... 29.69 8.02 EliemTherap ELYM ... ... 8.90 –2.15 ... 20.50 15.30 FirstUnited FUNC 3.0 8 20.21 +0.61 .15 115.96 70.00 GrandCanyonEduc LOPE ... 15 87.33 +0.14 ... 3.66 1.91 IRSA Prop IRCP ... dd 2.22 +0.02 ...
0.64 0.41 CrixusBH3AcqnWt BHACW ... ... .46 –0.02 ... 4.98 0.51 EloxxPharm ELOX ... dd .53 –0.09 ... 25.46 14.76 FirstWatchRest FWRG ... ... 15.53 +0.23 ... 34.00 8.11 GraphiteBio GRPH ... dd 10.06 –1.04 ... 35.99 17.80 i3Verticals IIIV ... dd 23.06 –0.84 ...
183.88 65.37 Crocs CROX ... 11 122.54 –3.16 ... 10.49 4.26 EmbarkTech EMBK ... 44 4.52 –2.22 ... 33.92 17.30 FirstWesternFin MYFW ... 11 33.22 +1.22 ... 35.18 1.46 GraybugVision GRAY ... dd 1.55 –0.08 ... 19.32 4.96 IVERICbio ISEE ... dd 13.67 –0.33 ...
15.83 3.74 Cronos CRON ... dd 3.93 +0.03 ... 2.40 0.79 EmbarkTechWt EMBKW ... ... .83 –0.37 ... 97.04 54.85 FirstCash FCFS 1.6 24 73.85 +0.04 .30 4.07 3.00 GreatElmCap GECC 12.6 41 3.18 –0.01 .10 10.92 9.86 IX Acqn IXAQU ... ... 9.92 –0.04 ...
30.40 8.60 CrossCtyHlthcr CCRN ... 14 22.81 –3.14 ... 10.87 4.53 Emcore EMKR ... 9 6.24 –0.26 ... 7.37 3.86 FirsthandTechVal SVVC ... 8 4.14 –0.02 ... 4.85 1.72 GreatElm GEG ... dd 2.17 ... ... 9.90 9.68 IXAcqnA IXAQ ... ... 9.70 –0.02 ...
16.45 11.25 CrossFirstBkshs CFB ... 15 15.96 –0.06 ... 10.55 9.95 EM Horizon HORIU ... ... 10.03 +0.01 ... 202.78 133.75 FirstService FSV .4 58 165.44 –10.64 .1825 16.28 13.32 GreatLakesDredge GLDD ... 28 14.99 –0.44 ... 0.54 0.38 IXAcqnWt IXAQW ... ... .39 –0.01 ...
298.48 168.67 CrowdStrike CRWD ... dd 176.70 –12.29 ... 24.00 18.76 Enact ACT .0 ... 22.34 +0.10 1.23 127.34 92.06 Fiserv FISV ... 57 109.11 +0.28 ... 61.43 47.22 GreatSouthernBncp GSBC 2.4 11 59.79 –0.84 .36 69.10 48.93 IcahnEnterprises IEP 14.6 cc 54.65 +0.54 2.00
11.15 10.03 Crypto1Acqn DAOOU ... ... 10.12 +0.03 ... 237.86 165.25 FiveBelow FIVE ... 37 173.31 –12.90 ... 44.27 17.18 GreenPlains GPRE ... dd 32.40 –3.48 ...
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

102.00 40.37 EnantaPharma ENTA ... dd 60.00 –8.78 ... 63.42 34.70 Ichor ICHR ... 20 48.80 +4.75 ...
9.90 9.77 Crypto1AcqnA DAOO ... ... 9.83 ... ... 67.61 29.21 EncoreCapital ECPG ... 7 67.42 +7.49 ... 211.68 122.33 Five9 FIVN ... dd 128.36 –5.66 ... 16.02 9.29 GreenPlainsPtrs GPP 11.8 9 14.80 +0.22 .435 19.10 4.02 iClickInteract ICLK ... dd 4.46 +0.13 ...
0.50 0.40 Crypto1AcqnWt DAOOW ... ... .44 ... ... 151.64 56.27 EncoreWire WIRE .1 6 128.69 –0.28 .02 33.98 21.91 FiveStarBncp FSBC 1.9 ... 30.88 –0.57 .15 0.55 0.45 GreenVisorI Wt GVCIW ... ... .47 –0.01 ... 313.00 168.76 Icon ICLR ... 68 266.39 –14.29 ...
22.55 8.53 CueHealth HLTH ... 85 9.58 –1.27 ... 10.89 1.94 EndoIntl ENDP ... 11 3.27 –0.31 ... 20.04 15.51 Flex FLEX ... 9 18.27 +0.81 ... 10.29 9.91 GreenVisorI GVCIU ... ... 10.19 +0.08 ... 49.99 15.58 Icosavax ICVX ... dd 16.51 –1.58 ...
59.85 12.69 CullinanOncology CGEM ... dd 13.69 –1.00 ... 9.91 9.88 EnergemA ENCP ... ... 9.90 ... ... 51.13 22.82 Flexsteel FLXS 2.2 8 26.74 –1.71 .15 9.95 9.78 GreenVisorI A GVCI ... ... 9.89 –0.03 ... 28.24 13.12 iHeartMedia IHRT ... dd 20.64 –0.01 ...
7.51 2.20 CumberlandPharm CPIX ... dd 3.99 –0.28 ... 10.23 10.08 EnergemUn ENCPU ... ... 10.18 –0.02 ... 39.40 22.13 FluenceEnergy FLNC ... ... 24.20 –3.20 ... 519.04 12.70 GreenidgeGen GREE ... dd 14.59 –1.30 ... 37.61 9.63 IkenaOncology IKNA ... dd 11.37 –0.40 ...
14.84 8.48 CumulusMedia CMLS ... dd 10.97 +0.06 ... 0.35 0.26 EnergemWt ENCPW ... ... .30 ... ... 8.50 1.69 Fluent FLNT ... dd 1.86 –0.09 ... 8.73 0.85 Greenlane GNLN ... dd .93 –0.01 ... 555.77 341.03 Illumina ILMN ... 67 405.14 +34.78 ...
133.00 23.09 CureVac CVAC ... ... 24.48 –6.20 ... 24.99 13.45 EnergyRecovery ERII ... 92 19.72 –0.11 ... 7.51 3.03 Fluidigm FLDM ... dd 3.13 –0.05 ... 9.71 6.60 GreenlightCapRe GLRE ... 8 7.43 –0.31 ... 35.68 14.61 ImagoBioSci IMGO ... dd 18.48 –1.34 ...
17.40 3.18 Curis CRIS ... dd 3.65 +0.16 ... 13.11 3.16 EnjoyTech ENJY ... dd 3.24 –0.55 ... 25.90 17.93 FlushingFin FFIC 3.2 12 25.88 +0.29 .21 12.63 4.42 GreenSky GSKY ... 20 11.34 –0.52 ... 14.98 1.91 Imara IMRA ... dd 1.94 –0.11 ...
60.36 23.22 Cutera CUTR ... cc 37.08 +0.10 ... 3.40 0.31 EnjoyTechWt ENJYW ... ... .32 –0.04 ... 57.41 27.63 Flywire FLYW ... dd 31.09 –2.02 ... 20.49 10.10 Grifols GRFS 2.8 11 12.63 +1.24 .4562 10.48 4.60 iMediaBrands IMBI ... dd 6.28 +0.05 ...
13.88 6.90 Cvent CVT ... dd 7.00 –0.90 ... 39.48 11.65 Enovix ENVX ... dd 19.08 –0.70 ... 69.13 40.93 FocusFinPtrs FOCS ... cc 54.74 –1.92 ... 19.79 4.64 GrindrodShipping GRIN 15.7 dd 18.30 +0.43 .72 16.64 5.11 Immersion IMMR ... 8 5.33 ... ...
29.00 8.88 CVRx CVRX ... dd 9.47 –1.06 ... 282.46 108.88 EnphaseEnergy ENPH ... cc 142.84 –2.29 ... 10.26 10.05 FocusImpact FIACU ... ... 10.09 ... ... 35.20 5.90 Gritstone GRTS ... dd 6.25 –0.20 ... 33.99 12.23 Immuneering IMRX ... dd 13.00 –2.47 ...
201.68 113.34 CyberArkSoftware CYBR ... dd 144.28 –13.85 ... 98.66 68.29 EnsignGroup ENSG .3 24 80.43 +0.14 .055 10.42 9.68 FocusImpactAcqn FIAC ... ... 9.87 –0.03 ... 46.58 21.01 GroceryOutlet GO ... 33 26.43 –1.47 ... 28.21 6.96 Immunic IMUX ... dd 11.85 +2.21 ...
49.95 23.30 CyberOptics CYBE ... 29 41.78 +1.28 ... 269.12 194.21 EnstarGroup ESGR ... 5 261.91 +1.06 ... 0.58 0.45 FocusImpactAcqnWt FIACW ... ... .48 –0.02 ... 64.69 19.00 Groupon GRPN ... 7 22.05 –1.61 ... 45.42 5.11 ImmunityBio IBRX ... dd 6.67 +0.41 ...
6.90 1.35 CyclerionTherap CYCN ... dd 1.39 –0.12 ... 3.88 1.76 EntasisTherap ETTX ... dd 1.92 –0.11 ... 25.10 8.01 FoghornTherap FHTX ... dd 17.61 –0.44 ... 10.11 9.95 GrowthforGood GFGDU ... ... 9.99 –0.01 ... 61.99 21.85 Immunocore IMCR ... dd 22.95 –5.80 ...
6.56 3.02 CymaBayTherap CBAY ... dd 3.15 –0.16 ... 158.00 93.50 Entegris ENTG .2 48 133.62 +1.61 .08 10.17 9.95 ForbionEuro FRBNU ... ... 10.05 –0.02 ... 60.53 44.86 GrAeroportuario OMAB ... 25 53.99 –0.84 ... 10.88 4.72 Immunogen IMGN ... dd 6.49 –0.47 ...
90.35 61.64 CyrusOne CONE 2.3 cc 89.34 +0.02 .52 46.48 25.25 EnterpriseBncp EBTC 1.7 13 44.20 –0.59 .185 42.88 11.08 FormaTherap FMTX ... dd 11.75 –0.62 ... 41.28 28.81 GuarantyBcshrs GNTY 2.1 11 37.76 –0.73 .20 19.00 5.03 ImmunoPrecise IPA ... dd 6.26 +0.14 ...
23.10 5.99 CyteirTherap CYT ... dd 6.12 –2.13 ... 52.00 34.71 EnterpriseFinSvcs EFSC 1.6 14 49.97 +0.35 .20 52.39 32.69 FormFactor FORM ... 46 44.72 +2.45 ... 34.67 17.29 GuarFedBcsh GFED 1.7 17 34.64 +1.14 .15 45.94 6.68 Immunovant IMVT ... dd 7.86 –0.13 ...
28.70 13.14 CytekBiosci CTKB ... cc 13.74 –1.86 ... 10.80 10.02 Ent4.0TechAcqn ENTFU ... ... 10.09 +0.03 ... 142.00 79.25 FormulaSys FORTY .9 36 117.20 –3.55 .7812 181.07 74.48 GuardantHealth GH ... dd 77.58 –10.25 ... 5.44 2.20 Immutep IMMP ... dd 3.24 –0.07 ...
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

47.90 17.72 Cytokinetics CYTK ... dd 33.00 –2.15 ... 10.03 9.80 Ent4.0TechAcqnA ENTF ... ... 9.86 –0.02 ... 60.90 36.41 ForresterRes FORR ... 57 56.38 –0.62 ... 5.30 3.36 GulfIslandFab GIFI ... dd 4.25 +0.18 ... 34.75 6.89 ImpelNeuro IMPL ... dd 8.05 +1.01 ...
10.05 3.67 CytomXTherap CTMX ... dd 3.95 +0.06 ... 0.70 0.40 Ent4.0TechAcqnWt ENTFW ... ... .50 ... ... 24.01 18.07 Forterra FRTA ... 15 23.87 –0.03 ... 7.74 3.80 Gulf Resources GURE ... cc 4.20 –0.05 ... 94.39 39.69 Impinj PI ... dd 90.62 +10.01 ...
12.79 7.51 CyxteraTech CYXT ... dd 11.25 –0.53 ... 8.88 2.42 EnthusiastGaming EGLX ... dd 2.52 –0.07 ... 371.77 143.63 Fortinet FTNT ... 94 312.54 –2.12 ... 127.42 68.44 InariMedical NARI ... cc 77.89 –6.31 ...
8.35 10.09
3.50 1.25 CyxteraTechWt CYXTW ... ... 2.97 –0.14 ... 36.85
12.69 2.07
EntradaTherap
Epizyme
TRDA
EPZM
...
...
...
dd
8.64
2.17
–3.20
–0.08
...
...
10.14 10.03
9.98 9.88
FortuneRise
FortuneRiseA
FRLAU
FRLA
... ...
... ...
10.14
9.97
+0.02 ...
+0.02 ... H 101.47
10.00
61.91
InceptionGrowth
Incyte
IGTAU
INCY
...
...
...
31
10.07
74.88
...
+1.69
...
...
0.46 0.36
D 69.74
6.80
40.84
3.41
ePlus
EpsilonEnergy
PLUS
EPSN
...
...
15
27
50.69
5.67
–1.16
+0.01
...
... 125.71 70.93
FortuneRiseWt
ForwardAir
FRLAW
FWRD
... ...
.7 76
.36
112.66
–0.02 ...
–1.82 .21 50.69 26.36 H&E Equipment HEES 2.4 49 46.48 +2.46 .275
99.85
25.87
68.14
18.29
IndependentBank
IndepBankMI
INDB
IBCP
2.2
3.3
19
8
86.99
25.83
+0.35
+0.49
.48
.21
11.10 5.55 EQRx EQRX ... ... 6.45 –0.01 ... 28.60 8.84 Fossil FOSL ... cc 10.33 –0.10 ... 19.99 14.18 HBT Finl HBT 3.0 10 19.73 +0.21 .15 80.71 60.65 IndependentBank IBTX 1.8 15 78.80 +1.94 .36
7.38 1.35 DBV Tech DBVT ... ... 1.64 –0.04 ... 10.89 0.90 EQRxWt EQRXW ... ... 1.25 +0.13 ... 19.47 12.62 FosterLB FSTR ... 27 15.34 +1.41 ... 7.78 2.12 HCW Biologics HCWB ... dd 2.22 ... ... 28.66 21.01 IndLogistics ILPT 5.4 17 24.55 –0.70 .33
40.50 16.06 DiceTherap DICE ... ... 16.86 –4.25 ... 11.33 3.35 Equillium EQ ... dd 3.67 +0.21 ... 10.42 10.00 FounderSPAC FOUNU ... ... 10.32 –0.01 ... 25.61 17.70 HMN Fin HMNF ... 8 25.00 ... ... 10.06 10.02 IndlTechAcqnsII ITAQU ... ... 10.03 ... ...
4.95 1.63 DIRTT Envl DRTT ... dd 2.17 –0.08 ... 885.26 586.73 Equinix EQIX 1.5 cc 746.76 –28.18 2.87 10.00 9.79 FounderSpacA FOUN ... ... 9.99 +0.02 ... 20.00 1.90 Hookipa HOOK ... dd 2.05 –0.10 ... 11.10 7.23 Infinera INFN ... dd 9.03 –0.05 ...
47.05 28.53 DISH Network DISH ... 9 36.19 +1.81 ... 36.00 22.03 EquityBcshs EQBK .9 9 34.80 +0.09 .08 1.25 0.50 FounderSpacWt FOUNW ... ... .73 –0.06 ... 43.94 23.67 HUTCHMED(China) HCM ... ... 31.07 –1.95 ... 5.98 1.37 InfinityPharm INFI ... dd 1.43 –0.08 ...
70.00 34.46 DMC Global BOOM ... cc 46.58 +3.43 ... 24.47 11.66 Erasca ERAS ... dd 12.94 +0.05 ... 55.11 15.72 4D Molecular FDMT ... dd 16.99 –1.77 ... 23.30 13.06 HackettGroup HCKT 2.0 25 19.90 –0.21 .10 6.38 2.23 InflaRx IFRX ... dd 4.25 +0.37 ...
15.23 1.58 D-MarketElec HEPS ... dd 1.98 +0.25 ... 266.77 168.87 ErieIndemnity A ERIE 2.4 32 183.08 –11.50 1.11 15.50 4.32 4Dpharma LBPS ... dd 4.49 –0.58 ... 66.35 10.73 HailiangEduc HLG ... 10 12.72 –0.08 ... 9.70 3.38 InfoSvcsGrp III 1.7 27 6.92 –0.30 .03
0.60 0.48 DPCapAcqnIWt DPCSW ... ... .55 –0.01 ... 13.00 2.09 ErytechPharma ERYP ... dd 2.31 –0.01 ... 1.76 0.45 4DpharmaWt LBPSW ... ... .51 –0.04 ... 48.88 35.57 HainCelestial HAIN ... 42 40.40 –2.07 ... 92.76 42.01 InglesMarkets IMKTA .8 6 80.56 –6.01 .165
10.28 10.01 DPCapAcqnI DPCSU ... ... 10.10 +0.01 ... 25.72 14.80 Escalade ESCA 3.7 9 15.10 –1.25 .14 44.80 29.84 FoxA FOXA 1.2 14 41.02 +2.00 .24 5.70 3.27 HallmarkFin HALL ... 13 4.46 –0.15 ... 47.90 14.27 Inhibrx INBX ... dd 31.48 –2.60 ...
10.15 9.73 DPCapAcqnIA DPCS ... ... 9.84 ... ... 39.49 3.71 EsperionTherap ESPR ... dd 3.93 –0.22 ... 42.14 28.94 FoxB FOX 1.3 13 37.70 +1.70 .24 56.40 31.79 HalozymeTherap HALO ... 13 35.56 –1.73 ... 99.27 26.93 InMode INMD ... 34 50.00 –4.13 ...
36.26 23.18 DXP Ents DXPE ... 40 26.03 –0.33 ... 10.30 3.54 EtonPharm ETON ... dd 4.03 –0.24 ... 190.29 117.59 FoxFactory FOXF ... 40 149.42 –10.43 ... 116.00 74.11 HamiltonLane HLNE 1.5 23 94.76 –4.24 .35 11.95 3.02 InnatePharma IPHA ... dd 4.53 ... ...
50.50 10.27 DadaNexus DADA ... dd 11.90 +0.43 ... 307.75 153.80 Etsy ETSY ... 48 163.70 –21.45 ... 55.10 30.55 Franchise FRG 4.9 10 50.91 –2.08 .625 55.10 33.69 HancockWhitney HWC 2.0 11 54.96 +0.67 .27 11.25 4.81 Innodata INOD ... cc 6.09 +0.08 ...
7.23 4.55 Daktronics DAKT ... 38 5.15 ... ... 167.71 101.18 EuronetWorldwide EEFT ... 48 128.40 +5.05 ... 96.95 68.66 FranklinElec FELE .8 31 90.45 –1.11 .175 26.78 12.00 HanmiFinancial HAFC 3.0 10 26.72 +1.15 .20 107.73 81.00 Innospec IOSP 1.2 27 98.56 –1.03 .59
12.64 6.27 DallasNews DALN 8.8 dd 7.25 –0.12 .16 34.67 18.55 EuropeanWax EWCZ ... cc 25.17 –3.08 ... 18.49 1.37 FreelineTherap FRLN ... ... 1.47 –0.26 ... 15.49 10.43 HarborOneBncp HONE 1.3 12 15.03 –0.29 .05 27.18 3.46 InnovAge INNV ... 46 4.60 +0.35 ...
199.68 69.73 Datadog DDOG ... dd 138.28 –5.51 ... 19.93 5.15 EveloBiosci EVLO ... dd 5.52 –0.47 ... 8.63 2.81 FreightCarAmer RAIL ... dd 3.97 –0.04 ... 12.22 6.69 Harmonic HLIT ... cc 11.44 +0.24 ... 10.17 10.02 InnovativeIntl IOACU ... ... 10.10 –0.04 ...
51.73 29.83 Dave&Buster's PLAY ... 77 38.06 –0.37 ... 6.22 1.90 Ever-Glory EVK ... 25 2.36 ... ... 13.06 8.82 FrequencyElec FEIM ... dd 9.31 –0.19 ... 45.89 25.09 HarmonyBio HRMY ... cc 36.68 –1.28 ... 10.00 9.87 InnovativeIntlA IOAC ... ... 9.91 –0.02 ...
10.37 4.62 Dave DAVE ... ... 6.09 +0.27 ... 178.98 52.89 Everbridge EVBG ... dd 54.37 –5.65 ... 58.37 4.68 FrequencyTherap FREQ ... dd 5.14 –0.33 ... 25.24 5.53 HarpoonTherap HARP ... dd 5.85 –0.22 ... 0.50 0.37 InnovativeIntlWt IOACW ... ... .40 –0.04 ...
2.12 0.54 DaveWt DAVEW ... ... .56 –0.30 ... 23.41 12.42 EverCommerce EVCM ... dd 12.53 –1.07 ... 186.98 80.08 Freshpet FRPT ... dd 91.23 +2.16 ... 12.99 6.00 HarrowHealth HROW ... dd 8.50 +0.31 ... 7.94 5.34 InnovSolSuprt ISSC ... 24 7.03 +0.44 ...
7.45 2.40 DAVIDsTEA DTEA ... 2 3.51 +0.28 ... 54.96 11.73 EverQuote EVER ... dd 16.18 +1.14 ... 53.36 20.84 FreshworksA FRSH ... dd 23.10 +0.30 ... 8.90 2.38 Harte-Hanks HHS ... 5 7.85 –0.04 ... 18.97 10.92 Innoviva INVA ... 5 16.77 –0.73 ...
4.47 1.83 DawsonGeophys DWSN ... dd 2.33 +0.02 ... 14.36 4.70 EverspinTech MRAM ... dd 9.82 –0.28 ... 58.94 32.06 Frontdoor FTDR ... 26 37.55 +0.45 ... 8.75 3.87 HarvardBioSci HBIO ... dd 6.06 –0.60 ... 82.35 26.19 Inogen INGN ... 63 30.80 –1.67 ...
28.70 13.45 DayOneBiopharm DAWN ... dd 14.09 –1.88 ... 24.34 7.17 EVgo EVGO ... dd 8.59 –0.93 ... 35.15 23.24 FrontierComms FYBR ... 2 30.19 +0.19 ... 105.73 86.05 Hasbro HAS 2.7 31 100.12 –2.66 .68 19.00 4.47 InovioPharma INO ... dd 4.75 +0.14 ...
24.39 4.28 DecibelTherap DBTX ... cc 4.66 +0.26 ... 8.33 1.46 EVgoWt EVGOW ... ... 2.06 –0.36 ... 22.70 12.62 Frontier ULCC ... dd 13.87 –0.31 ... 102.95 63.25 HashiCorp HCP ... dd 66.69 –5.08 ... 29.46 5.33 InozymePharma INZY ... dd 6.74 +0.25 ...
52.43 7.63 DecipheraPharm DCPH ... dd 8.87 –0.06 ... 10.24 1.45 Evogene EVGN ... dd 1.57 –0.04 ... 29.44 4.68 FuelCell FCEL ... dd 4.83 –0.27 ... 31.38 17.01 HawaiianHoldings HA ... dd 20.18 +0.43 ... 21.93 4.83 Inseego INSG ... dd 4.98 –0.25 ...
10.05 9.70 DeepMedicineAcqn DMAQ ... ... 9.86 –0.02 ... 17.38 5.18 Evolus EOLS ... dd 5.75 –0.45 ... 33.10 6.85 FulcrumTherap FULC ... dd 13.92 –1.31 ... 40.97 24.55 Hawkins HWKN 1.3 17 39.39 –0.47 .13 111.02 75.38 InsightEnt NSIT ... 18 102.77 –2.30 ...
0.37 0.15 DeepMedicineAcqnRt DMAQR ... ... .29 –0.02 ... 26.57 17.07 Evotec EVO ... 6 20.07 –0.98 ... 189.89 62.50 FulgentGenetics FLGT ... 4 79.96 –1.29 ... 26.12 17.37 HawthornBcsh HWBK 2.3 8 25.92 +0.02 .15 45.44 22.00 Insmed INSM ... dd 23.73 –2.02 ...
50.30 21.46 DefinitiveHlthcr DH ... dd 21.57 –2.95 ... 24.67 8.60 Exagen XGN ... dd 9.09 –1.51 ... 18.92 13.25 FultonFin FULT 3.0 12 18.88 +0.60 .14 47.08 21.98 HaynesIntl HAYN 2.1 dd 41.78 –1.06 .22 29.49 13.16 InstilBio TIL ... dd 13.85 –0.53 ...
83.98 30.25 DenaliTherap DNLI ... cc 34.84 –6.72 ... 11.03 10.00 ExcelFinAcqn XFINU ... ... 10.21 +0.04 ... 27.20 11.13 Funko FNKO ... 17 17.80 –0.61 ... 68.18 27.72 Headhunter HHR 1.0 40 46.92 +1.31 .55 324.81 218.28 Insulet PODD ... dd 242.71 –7.37 ...
69.54 48.13 DentsplySirona XRAY .8 28 53.94 –2.46 .11 10.15 9.67 ExcelFinAcqnA XFIN ... ... 9.90 –0.11 ... 25.85 7.75 FusionFuelGreen HTOO ... ... 8.57 –0.31 ... 59.50 31.46 HealthCatalyst HCAT ... dd 32.06 –1.90 ... 40.91 20.50 Intapp INTA ... dd 21.91 –0.71 ...
91.39 56.78 Descartes DSGX ... 72 70.38 –4.84 ... 0.65 0.50 ExcelFinAcqnWt XFINW ... ... .50 –0.01 ... 13.30 4.09 FusionPharm FUSN ... dd 6.60 +1.63 ... 10.05 9.96 HealthcareAIAcqn HAIAU ... ... 10.01 –0.01 ... 77.40 61.85 IntegraLifeSci IART ... 27 68.79 +2.93 ...
50.50 12.52 DesignTherap DSGN ... dd 15.85 –2.12 ... 25.77 15.50 Exelixis EXEL ... 36 18.12 –0.62 ... 204.25 34.11 Futu FUTU ... 18 45.51 +3.52 ... 35.80 16.25 HealthcareSvcs HCSG 4.4 20 18.72 +1.05 .21 0.63 0.42 IntegralAcqn1Wt INTEW ... ... .50 –0.05 ...
8.99 0.36 DestinationXL DXLG ... 9 5.67 +0.21 ... 58.01 38.35 Exelon EXC 2.7 33 56.24 –0.40 .3825 93.32 36.81 HealthEquity HQY ... dd 49.94 +4.54 ... 11.03 9.91 IntegralAcqn1 INTEU ... ... 10.08 +0.04 ...
5.60
659.45
3.10
318.45
Deswell
DexCom
DSWL
DXCM
5.3
... 87
6 3.79
447.34
+0.01
–24.15
.10
...
146.20
90.00
76.39
22.52
ExlService
eXpWorld
EXLS
EXPI
...
.5
38
63
129.72
29.32
–3.89
+0.89
...
.04 G 31.11
20.24
21.49
15.71
HealthStream
HeartlandExp
HSTM
HTLD
...
.5
cc
17
25.25
15.95
–0.37
–0.35
...
.02
10.77
29.68
9.71
16.23
IntegralAcqnCorp.1
IntegralAd
INTE
IAS
...
...
...
dd
9.87
17.54
–0.62
–1.84
...
...
234.84 138.69 DiamondHillInvt DHIL 2.2 8 184.99 –4.00 19.00 191.85 118.30 Expedia EXPE ... dd 184.40 +4.49 ... 54.04 41.98 HeartlandFinUSA HTLF 2.0 11 53.89 +0.39 .27 68.49 47.87 Intel INTC 2.5 11 55.70 +2.26 .3475
129.34 56.13 DiamondbkEner FANG 1.5 67 129.21 +7.69 .50 137.80 88.82 ExpeditorsIntl EXPD 1.0 18 121.69 –6.42 .58 9.63 1.26 GBS GBS ... dd 1.56 ... ... 50.03 28.93 Heidrick&Strug HSII 1.3 14 45.11 +0.07 .15 202.73 43.86 IntelliaTherap NTLA ... dd 91.37 –14.37 ...
25.63 16.33 DigiIntl DGII ... 82 24.44 +0.16 ... 51.06 28.51 Expensify EXFY ... cc 29.68 –2.65 ... 13.80 9.72 GCM Grosvenor GCMG 3.3 dd 9.96 –0.05 .10 265.97 201.02 HelenofTroy HELE ... 27 230.59 –1.42 ... 15.45 4.40 Intellicheck IDN ... dd 5.13 +0.38 ...
53.74 22.11 Digimarc DMRC ... dd 36.80 –0.72 ... 127.61 82.13 Exponent EXPO .8 53 101.19 –2.37 .20 2.39 1.01 GCMGrosvenorWt GCMGW ... ... 1.15 –0.05 ... 20.99 8.17 HelloGroup MOMO .0 7 9.56 +0.37 .62 10.30 10.03 IntelligentMed IQMDU ... ... 10.18 –0.01 ...
10.79 10.09 DigitalHealth DHACU ... ... 10.22 –0.04 ... 30.38 17.02 Exscientia EXAI ... dd 18.80 –1.26 ... 116.76 38.46 GDS Holdings GDS ... dd 43.61 +0.71 ... 14.44 6.71 HemisphereMedia HMTV ... 13 7.11 –0.39 ... 10.93 9.86 IntelligentMedA IQMD ... ... 9.91 –0.08 ...
9.92 9.81 DigitalHealth DHAC ... ... 9.89 –0.03 ... 16.61 6.95 ExtremeNetworks EXTR ... 81 14.29 +0.04 ... 30.43 12.38 GH Research GHRS ... ... 19.21 +0.53 ... 12.50 8.35 HennessyAdvsrs HNNA 4.9 11 11.33 +0.23 .1375 0.60 0.42 IntelligentMedWt IQMDW ... ... .47 –0.02 ...
0.45 0.30 DigitalHlthWt DHACW ... ... .31 –0.05 ... 21.50 7.30 EyePointPharm EYPT ... dd 9.93 –4.18 ... 37.07 9.31 G1Therapeutics GTHX ... dd 10.11 +0.44 ... 10.36 9.85 HennessyCapVI HCVIU ... ... 10.00 +0.01 ... 108.35 58.29 InterParfums IPAR 1.0 30 96.21 –3.72 .25
143.53 9.98 DigitalWorldAcqn DWACU ... ... 85.95 +24.92 ... 8.80 4.47 Ezcorp EZPW ... 40 6.19 –1.14 ... 195.03 64.14 GRAVITY GRVY ... 7 66.30 –2.22 ... 11.03 9.59 HennessyCapInvVI HCVI ... ... 9.65 –0.05 ... 82.83 58.84 InteractiveBrkrs IBKR .5 22 74.75 –2.48 .10
175.00 9.84 DigitalWorldA DWAC ... ... 70.88 +16.90 ... 8.23 4.27 GSI Tech GSIT ... dd 4.82 +0.35 ... 0.90 0.75 HennessyCapInvVIWt HCVIW ... ... .77 –0.03 ... 38.94 11.60 InterceptPharm ICPT ... dd 17.76 +2.73 ...
79.22
38.35
0.40
24.17
DigitalWorldWt
DimeCommBcshs
DWACW
DCOM
...
2.5
...
20
24.10
38.12
+9.12
+1.37
...
.24 F 15.06
17.93
7.73
4.65
Gaia
GainTherap
GAIA
GANX
...
...
82
dd
8.09
4.68
–0.45 ...
–0.63 ...
83.45
12.71
60.70
8.55
HenrySchein
HeritageCommerce
HSIC
HTBK
...
4.1
18
17
77.78
12.69
–1.17
+0.40
...
.13
12.72
85.75
2.01
60.02
Intercure
InterDigital
INCR
IDCC
...
2.0
39
68
6.61
69.64
–0.26
+0.46
...
.35
113.98 68.01 Diodes DIOD ... 23 97.92 –2.20 ... 113.71 46.41 Galapagos GLPG ... dd 55.19 +3.37 ... 36.29 20.09 HeritageCrystal HCCI ... 15 31.24 –0.30 ... 18.03 10.04 Interface TILE .3 17 14.81 –0.47 .01
150.72 27.19 DiscoveryB DISCB ... 21 39.82 +3.11 ... 97.88 60.15 FARO Tech FARO ... 58 61.85 –1.78 ... 16.41 2.22 Galecto GLTO ... dd 2.42 –0.52 ... 30.86 20.95 HeritageFin HFWA 3.1 10 27.18 +0.90 .21 53.06 37.35 IntlBcshs IBOC 2.6 12 45.78 +0.64 .60
78.14 21.66 DiscoveryA DISCA ... 17 31.18 +1.12 ... 249.00 174.34 F5 FFIV ... 44 236.13 +4.18 ... 12.99 1.19 GaleraTherap GRTX ... dd 3.44 +0.01 ... 46.00 14.15 HertzGlobal HTZ ... dd 24.00 –0.31 ... 28.17 15.92 IntersectENT XENT ... dd 27.23 –0.07 ...
66.70 20.86 DiscoveryC DISCK ... 16 30.40 +1.06 ... 9.99 3.00 FGFinancial FGF ... dd 3.62 –0.01 ... 16.97 6.56 Gambling.com GAMB ... ... 9.30 –0.05 ... 23.50 5.97 HertzGlobalWt HTZWW ... ... 16.40 –0.05 ... 8.46 3.93 Intevac IVAC ... dd 5.64 –0.04 ...
18.61 12.05 Diversey DSEY ... ... 12.50 –1.05 ... 65.00 43.00 FRP Holdings FRPH ... 19 57.87 –0.25 ... 10.20 10.06 Games&EsportsExper GEEXU ... ... 10.14 +0.01 ... 101.65 50.32 Hibbett HIBB 1.6 6 61.91 –4.03 .25 55.20 28.40 Intra-Cellular ITCI ... dd 43.07 +0.04 ...
5.58 2.35 DiversifiedHlthcr DHC 1.2 dd 3.31 –0.09 .01 10.01 9.95 FTACEmeraldAcqn EMLDU ... ... 9.98 –0.02 ... 15.00 2.10 GamidaCell GMDA ... dd 2.27 –0.02 ... 21.82 6.00 HighPeakEner HPK .5 cc 18.67 +0.77 .025 28.16 12.47 Intricon IIN ... cc 15.73 –0.16 ...
6.98 2.26 DixieGroup DXYN ... 8 5.36 –0.07 ... 9.84 9.72 FTACZeusAcqnA ZING ... ... 9.78 ... ... 51.46 39.08 Gaming&Leisure GLPI 6.0 18 44.64 –1.98 .24 8.90 1.60 HighPeakEnerWt HPKEW ... ... 7.61 +0.58 ... 716.86 359.33 Intuit INTU .5 73 550.79 –16.77 .68
73.43 27.19 dLocal DLO ... ... 29.25 –1.85 ... 10.16 9.98 FTACZeusAcqnUn ZINGU ... ... 10.05 –0.04 ... 10.20 10.02 GardinerHlthcr GDNRU ... ... 10.13 +0.07 ... 13.46 9.54 HillmanSolns HLMN ... dd 9.68 –0.27 ... 369.69 227.47 IntuitiveSurgical ISRG ... 66 307.74 –16.55 ...
92.75 37.21 Docebo DCBO ... dd 55.87 +2.66 ... 0.60 0.55 FTACZeusAcqnWt ZINGW ... ... .58 ... ... 9.83 9.82 GardinerHlthcr GDNR ... ... 9.82 ... ... 17.88 8.01 HimaxTechs HIMX 2.0 7 12.95 +0.28 .262 19.06 10.52 Inventiva IVA ... dd 12.71 –0.11 ...
314.76 126.91 DocuSign DOCU ... dd 130.44 –5.49 ... 15.46 5.05 FTC Solar FTCI ... dd 5.13 –1.68 ... ... ... GardinerHlthcrWt GDNRW ... ... .31 ... ... 432.19 219.00 HinghamSvg HIFS .5 13 409.48 –5.63 .75 23.69 15.66 Investar ISTR 1.7 37 18.89 +0.47 .08
8.98 1.30 Dogness DOGZ ... 54 2.99 –0.45 ... 9.80 0.33 FangddNetwork DUO ... dd .39 +0.02 ... 8.90 4.50 GarrettMotion GTX ... 11 7.43 –0.46 ... 21.24 11.05 HollysysAuto HOLI ... 13 14.70 –0.89 ... 6.58 4.51 InvestcpCredit ICMB 11.4 dd 5.25 +0.10 .15
January 17, 2022 BARRON’S 61

Nasdaq Issues
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.
10.1510.00 InvestcorpEurAcqnI IVCBU ... ... 10.10 ... ... 15.423.35 LexinFintech LX ... 2 3.49 –0.13 ... 231.00
130.74 Medpace MEDP ... 37 176.55
–11.46 ... 10.009.87 NewcourtAcqnA NCAC ... ... 9.92 –0.01 ... 15.759.39 PDLCommBncp PDLB ... 21 15.39+0.52 ...
17.4611.11 InvestorsBancorp ISBC 3.2 14 17.45+0.35 .14 37.6515.98 LiAuto LI ... dd 31.13 +1.95 ... 24.8911.60 MeiraGTx MGTX ... dd 18.49–3.04 ... 0.70 0.45 NewcourtAcqnWt NCACW ... ... .47 –0.01 ... 63.0411.02 PLBY Group PLBY ... dd 21.98–2.67 ...
248.00
140.25 InvestorsTitle ITIC.9 6 208.99
–0.83 18.00 16.374.33 LianBio LIAN ... ... 4.98 +0.02 ... 23.658.87 MelcoResorts MLCO ... dd 11.10+1.39 ... 30.1020.36 NewellBrands NWL 3.9 17 23.85 +0.71 .23 47.2916.53 PMV Pharm PMVP ... dd 17.60–0.92 ...
64.3725.04 IonisPharma IONS ... dd 33.08+2.70 ... 188.76
138.04 LibertyBroadbandA LBRDA ... 45 147.26 –1.55 ... 1001.01
2020.00 MercadoLibre MELI ... cc 1122.74
+37.38 ... 10.109.64 NewHoldInvtII NHICU ... ... 10.04 +0.09 ... 51.0032.78 PRA Group PRAA ... 13 50.39+1.49 ...
54.2113.98 IovanceBiotherap IOVA ... dd 15.49–0.79 ... 194.05
142.63 LibertyBroadbandC LBRDK ... 46 150.93 –1.05 ... 37.9526.76 MercantileBank MBWM 3.2 10 37.70+0.21 .30 0.56 0.47 NewHoldInvtIIWt NHICW ... ... .56 +0.04 ... 47.7320.00 ProceptBio PRCT ... ... 20.76–1.14 ...
28.973.93 iQIYI IQ
... dd 4.87+0.44 ... 30.5823.19 LibertyGlobal A LBTYA ... 1 28.30 +0.76 ... 10.1610.00 MercatoPtrsAcqn MPRAU ... ... 10.08–0.05 ... 19.106.56 Newmark NMRK .2 6 16.44 –0.37 .01 153.73
105.49 PTC PTC ... 29 115.88
+0.80 ...
286.19
41.66 iRhythmTechs IRTC ... dd 141.10
+39.15 ... 30.4923.10 LibertyGlobal C LBTYK ... 1 28.66 +0.93 ... 9.94 9.60 MercatoPtrsA MPRA ... ... 9.87 ... ... 27.9718.29 NewsCorp A NWSA .9 27 22.72 +0.22 .10 69.4834.85 PTC Therap PTCT ... dd 43.75+5.65 ...
9.71 4.45 Iridex IRIX... dd 5.58–0.19 ... 14.799.97 LibertyLatAmA LILA ... 19 11.36 –0.39 ... 0.60 0.40 MercatoPtrsWt MPRAW ... ... .46
–0.04 ... 26.2117.98 NewsCorp B NWS .9 28 22.94 +0.25 .10 103.19
77.96 Paccar PCAR 1.4 19 96.50+3.08 .34
54.6532.85 IridiumComm IRDM ... dd 37.44–3.38 ... 14.969.74 LibertyLatAmC LILAK ... 19 11.15 –0.41 ... 18.149.51 MercerIntl MERC 2.1 10 12.50+0.41 .065 38.7819.60 NewtekBusSvcs NEWT 11.9 ... 27.82 +0.30 .65 53.6912.04 PacBiosciCA PACB ... dd 12.43–4.33 ...
28.2511.04 IrisEnergy IREN ... ... 12.34+0.35 ... 60.9434.57 LibertyFormOne A FWONA ... dd 57.96 +0.10 ... 82.1444.44 MercurySystems MRCY ... 85 59.98+3.51 ... 28.003.57 NexImmune NEXI ... dd 3.71 –0.49 ... 47.4632.70 PacificPremBncp PPBI 3.0 13 44.27+0.12 .33
197.40
63.37 iRobot IRBT ... 25 66.80+0.20 ... 65.2438.84 LibertyFormOne C FWONK ... dd 62.96 +0.08 ... 4.71 1.27 MereoBioPharma MREO ... dd 1.43+0.05 ... 171.61
106.67 NexstarMedia NXST 1.6 8 170.00 +14.67.70 80.0045.05 PaciraBioSci PCRX ... 47 64.08+4.05 ...
14.278.78 IronwoodPharm IRWD ... 4 11.72–0.08 ... 34.9924.75 LibertyBraves A BATRA ... dd 27.18 –0.87 ... 30.6517.00 MeridianBiosci VIVO ... 13 20.82+0.31 ... 14.405.42 NextCure NXTC ... dd 5.68 +0.04 ... 17.3110.57 PactivEvergreen PTVE 3.3 9 12.15–0.55 .10
16.954.77 IsoPlexis ISO... dd 8.35+0.30 ... 31.7624.60 LibertyBraves C BATRK ... dd 26.66 –0.83 ... 39.0018.50 Meridian MRBK 2.2 6 37.00–0.74 .20 13.256.40 Nexters GDEV ... ... 8.15 –0.25 ... 51.7229.12 PacWestBancorp PACW 2.0 10 51.20+1.30 .25
52.4317.43 iTeosTherap ITOS ... cc 39.66–3.35 ... 56.2639.40 LibertySirius A LSXMA ... dd 48.63 –0.57 ... 73.8552.43 MeritMedical MMSI ... 76 57.81–1.27 ... 2.02 0.50 NextersWt GDEVW ... ... .74 –0.05 ... 572.67
311.56 PaloAltoNtwks PANW ... dd 499.11
–26.38 ...
122.31
59.80 Itron ITRI... cc 63.11–1.67 ... 58.1343.25 LibertySirius B LSXMB ... dd 49.71 –0.43 ... 9.45 3.66 MerrimackPharm MACK ... dd 4.64+0.74 ... 23.8013.64 NextGenHlthcr NXGN ... dd 19.05 +0.86 ... 49.64
115.40 Palomar PLMR ... 50 51.67–7.42 ...
29.8518.26 IturanLocation ITRN 3.4 18 26.52+0.56 .14 56.1939.05 LibertySirius C LSXMK ... dd 48.66 –0.56 ... 24.384.84 MersanaTherap MRSN ... dd 6.28+0.01 ... 12.508.32 NicholasFin NICK ... 10 11.72 +0.03 ... 39.6221.39 PanAmerSilver PAAS 1.7 19 22.99+0.51 .10
10.3010.08 LibertyRscsAcqn LIBYU ... ... 10.20 –0.04 ... 33.0916.14 Merus MRUS ... dd 28.46–0.68 ... 30.408.86 Nikola NKLA ... dd 10.08 –0.54 ... 140.68
78.41 PapaJohn's PZZA 1.2 dd 118.15
–9.52 .35
J 9.92
0.46
9.78
0.29
LibertyRscsA
LibertyRscsWt
LIBY ... ...
LIBYW ... ...
9.90
.31
–0.01
–0.05
...
...
17.405.16
333.42
232.88
MesaAir
MesaLab
MESA
MLAB
... 13
.2 cc
5.68 ... ...
–9.30 .16
296.15
3.50
79.60
1.00
16.98
9F
908Devices
JFU
MASS
... dd
... dd
1.13
17.65
+0.06
–2.36
...
...
10.05
11.24
10.00
4.03
PapayaGrowthI
ParatekPharma
PPYAU
PRTK
... ...
... dd
10.02
4.47
... ...
–0.02 ...
13.76
110.00 LibertyTripAdvB LTRPB ... dd 16.19 +0.39 ... 11.693.91 Mesoblast MESO ... dd 4.63–0.04 ... 53.3814.41 NiuTech NIU ... 33 14.80 –1.66 ... 17.769.64 PardesBiosci PRDS ... ... 13.95+0.39 ...
15.54 5.35 JakksPacific JAKK ... dd 9.32 –0.36 ... 7.74 2.01 LibertyTripAdvA LTRPA ... dd 2.36 +0.02 ... 65.9632.76 MetaFinancial CASH .3 14 63.02+0.85 .05 58.7811.50 Nkarta NKTX ... dd 12.14 –1.36 ... 41.7818.80 Park-Ohio PKOH 2.2 dd 22.45+0.03 .125
181.71 134.68 J&JSnackFoods JJSF 1.6 53 154.11 –4.49 .633 33.023.34 LifeMD LFMD ... dd 3.63 –0.10 ... 384.33
247.16 MetaPlatforms FB ... 24 331.90
+0.11 ... 46.4522.23 nLIGHT LASR ... dd 22.87 –0.55 ... 10.829.57 ParsecCap PCXCU ... ... 10.26–0.09 ...
108.29 61.65 JD.com JD ... 30 73.72 +5.48 ... 29.817.64 LifeStanceHealth LFST ... dd 8.56 –0.75 ... 11.000.51 Metacrine MTCR ... dd .56
–0.03 ... 13.557.90 Noodles NDLS ... 90 8.53 +0.31 ... 9.94 9.84 ParsecCapA PCX ... ... 9.92–0.01 ...
17.50 8.51 Joann JOAN 3.8 5 10.43 –0.17 .10 19.9312.35 LifetimeBrands LCUT 1.1 9 14.84 –0.72.0425 52.8829.61 Methanex MEOH 1.1 14 45.63+2.07 .125 272.28
178.61 Nordson NDSN .9 31 238.41 +0.32 .51 0.45 0.35 ParsecCapWt PCXCW ... ... .36–0.01 ...
148.88 39.11 Joyy YY 3.9 dd 51.51 +2.13 .51 7.20 4.51 LifewayFoods LWAY ... 22 5.20 +0.35 ... 29.8214.00 MetroCityBkshs MCBS 2.0 13 27.98–1.27 .14 41.0524.43 NortheastBank NBN .1 4 37.81 +0.71 .01 8.63 3.92 PartnerComms PTNR ... cc 8.37+0.36 ...
179.98 141.65 JackHenry JKHY 1.1 39 168.94 –0.81 .46 219.75
102.01 LigandPharm LGND ... 31 124.91 –19.72 ... 90.0064.53 MicrochipTech MCHP 1.1 74 84.29+2.36 .232 21.5012.50 NorthernTechsIntl NTIC 2.1 14 13.35 –2.01 .07 30.145.23 PassageBio PASG ... dd 5.76+0.14 ...
124.53 77.13 JackintheBox JACK 2.0 12 88.03 –1.34 .44 15.536.20 Lilium LILM ... 13 6.35 –0.48 ... 98.4565.67 MicronTech MU .4 15 97.36+2.91 .10 135.15
88.20 NorthernTrust NTRS 2.1 21 133.62 +3.96 .70 23.2813.40 PatriaInvts PAX 5.6 18 16.86+0.42 .14
52.46 24.43 JamesRiver JRVR 4.1 dd 29.00 +0.14 .30 5.61 2.30 LimelightNetworks LLNW ... dd 3.48 –0.07 ... 349.67
212.03 Microsoft MSFT .8 35 310.20
–3.84 .62 18.4112.31 NorthfieldBanc NFBK 3.0 13 17.24 +0.02 .13 98.8366.57 PatrickIndustries PATK 1.7 9 77.02–3.90 .33
49.27 27.77 JamfHolding JAMF ... dd 34.41 –0.59 ... 6.95 0.88 LiminalBioSci LMNL ... dd 1.10 –0.03 ... 1315.00
411.58 MicroStrategy MSTR ... dd 499.56
+16.61 ... 48.1931.73 NorthrimBanCorp NRIM 3.3 7 45.76 –0.46 .38 16.707.89 PatriotNatBncp PNBK ... 33 15.32 ... ...
37.99 14.39 JanuxTherapeutics JANX ... dd 15.76 –2.74 ... 20.7414.16 Limoneira LMNR 2.0 dd 15.17 –0.54.075 25.204.84 Microvast MVST ... dd 5.13–0.08 ... 10.1210.00 NorthViewAcqn NVACU ... ... 10.09 +0.01 ... 16.297.62 PatriotTransport PATI .0 44 8.05–0.07 3.75
189.00 117.64 JazzPharma JAZZ ... dd 144.30 +9.87 ... 8.20 5.25 LincolnEduc LINC ... 4 7.34 –0.04 ... 7.94 0.86 MicrovastWt MVSTW ... ... .95
–0.08 ... 15.4812.37 NorthwestBcshs NWBI 5.3 12 15.01 +0.29 .20 37.3726.51 Patterson PDCO 3.6 18 28.82–0.55 .26
21.96 12.86 JetBlue JBLU ... dd 14.85 –0.26 ... 148.54
110.52 LincolnElectric LECO ... 31 135.60 –4.18 ... 28.003.74 MicroVision MVIS ... dd 3.86–0.42 ... 38.0823.11 NorthwestPipe NWPX ... 21 30.65 +0.27 ... 11.275.66 PattersonUTIEn PTEN .8 dd 10.31+0.67 .02
71.78 25.58 JFrog FROG ... dd 26.19 –1.89 ... 10.199.89 LionheartIII LIONU ... ... 10.03 –0.04 ... 33.8920.74 MidPennBancorp MPB 2.5 8 32.63–0.70 .20 70.8053.16 Northwestern NWE 4.3 16 58.00 +0.67 .62 138.97
85.30 Paychex PAYX 2.1 35 125.00
–3.84 .66
14.95 2.05 Jiayin JFIN ... 2 2.23 +0.06 ... 11.069.79 LionheartIII A LION ... ... 9.87 –0.04 ... 200.85
129.40 Middleby MIDD ... 25 197.27
–0.07 ... 28.9219.41 NortonLifeLock NLOK 1.9 18 26.88 +0.27.125 39.7124.00 PaycorHCM PYCR ... dd 24.26–1.58 ...
154.18 89.48 JohnsonOutdoors JOUT 1.3 11 90.84 –0.66 .30 0.60 0.32 LionheartIII Wt LIONW ... ... .37 –0.07 ... 121.43
67.09 MiddlesexWater MSEX 1.1 48 102.10
–10.10 .29 29.5023.00 NorwoodFin NWFL 4.1 9 27.45 –0.25 .28 314.50
154.26 Paylocity PCTY ... cc 196.37
–10.02 ...
14.84 5.03 JounceTherap JNCE ... dd 6.28 –0.73 ... 30.0014.21 LiquiditySvcs LQDT ... 15 21.08 –0.37 ... 30.3218.02 MidlandStBncp MSBI 4.1 9 27.37+0.21 .28 149.15
69.46 Nova NVMI ... 50 142.15 +10.16 ... 14.506.05 Payoneer PAYO ... dd 6.25–0.39 ...
9.85 9.82 JupiterWellnessA JWAC ... ... 9.83 ... ... 334.84
234.59 Littelfuse LFUS .7 26 302.35 –1.13 .53 34.6523.88 MidWestOneFin MOFG 2.7 7 32.97–0.77 .225 184.44
118.73 Novanta NOVT ... cc 155.29 –4.63 ... 4.46 1.40 PayoneerWt PAYOW ... ... 2.16–0.10 ...
0.36 0.25 JupiterWellnessRt JWACR ... ... .28 –0.08 ... 93.8961.76 LivaNova LIVN ... dd 84.78 +2.20 ... 9.03 5.09 MilestonePharm MIST ... dd 8.24+1.14 ... 101.10
331.68 Novavax NVAX ... dd 110.82 –15.88 ... 175.40
310.16 PayPal PYPL ... 43 178.42
–9.18 ...
19.84 9.44 JustEatTakeaway GRUB ... dd 10.88 +0.95 ... 99.8938.50 LiveOakBcshs LOB .1 22 80.83 –9.25 .03 51.2533.95 MillerKnoll MLKN 2.0 dd 37.34+1.61 .1875 60.57
232.76 Novocure NVCR ... dd 69.12 +2.87 ... 37.6923.03 PeapackGladFinl PGC .5 16 37.28+0.19 .05
72.2331.10 LivePerson LPSN ... dd 33.43 +0.97 ... 46.1826.18 MillicomIntl TIGO ... dd 28.50–0.58 ... 55.5539.90 NuanceComms NUAN ... dd 55.36 +0.30 ... 10.058.52 PearlHoldingsAcqn PRLHU ... ... 10.03+0.03 ...
K 11.43
2.50
4.20
0.33
LiveVox
LiveVoxWt
LVOX ... dd
LVOXW ... ...
5.00
.79
–0.02
–0.05
...
...
85.48
3.80
38.84
2.45
Mimecast
Mind CTI
MIME
MNDO
... cc
8.2 11
80.36
3.19
+1.26 ...
+0.09 .26
7.77
51.46
1.88
21.53
NuCana
NurixTherap
NCNA
NRIX
... dd
... dd
2.86
23.24
+0.41
–4.42
...
...
94.47
148.80
30.35
166.57
Pegasystems
Peloton
PEGA
PTON
.1 dd
... dd
99.53
31.33
+0.32 .03
–4.25 ...
12.507.19 LixiangEduc LXEH ... 22 8.90 +0.40 ... 3.75 0.79 MinervaNeurosci NERV ... dd .83
–0.01 ... 44.5025.15 Nutanix NTNX ... dd 29.04 –1.45 ... 142.00
43.36 PennNational PENN ... 20 44.45–2.83 ...
457.12 273.24 KLA KLAC .9 25 445.00 +28.09 1.05 16.751.52 Lizhi LIZI ... dd 1.57 –0.06 ... 10.374.28 MinervaSurgical UTRS ... ... 5.82+0.45 ... 40.8211.81 Nuvalent NUVL ... dd 12.70 –1.90 ... 64.2517.52 Pennant PNTG ... 65 18.75–0.51 ...
18.97 2.94 KLX Energy KLXE ... dd 4.53 +0.22 ... 28.9014.22 LoganRidgeFin LRFC ... dd 24.89 +0.39 ... 22.163.07 MiNK Therap INKT ... ... 3.17–0.82 ... 72.6145.45 Nuvasive NUVA ... dd 56.06 +3.93 ... 7.41 5.03 PennantPark PNNT 6.8 3 7.03+0.16 .12
15.29 8.67 KVH Inds KVHI ... dd 9.40 +0.21 ... 9.74 1.83 LogicBioTherap LOGC ... dd 1.95 –0.22 ... 115.57
225.47 MiratiTherap MRTX ... dd 124.31
–8.30 ... 140.23
43.10 Nuvei NVEI ... 84 66.64 +3.24 ... 28.1921.13 PennsWoodsBncp PWOD 5.3 11 24.19+0.09 .32
10.17 10.04 KairousAcqnUn KACLU ... ... 10.15 –0.01 ... 9.83 9.33 LogisticsInnovA LITT ... ... 9.68 –0.04 ... 22.1412.82 MirumPharm MIRM ... dd 18.74+3.18 ... 346.47
115.67 NVIDIA NVDA .1 83 269.42 –3.05 .04 21.4413.36 People'sUtdFin PBCT 3.4 14 21.42+1.03 .1825
141.07 84.78 KaiserAlum KALU 2.7 dd 105.80 +5.60 .72 10.979.74 LogisticsInnovTech LITTU ... ... 9.90 –0.02 ... 11.003.52 Missfresh MF ... dd 4.40–0.27 ... 37.0019.05 Nyxoah NYXH ... dd 22.98 +0.73 ... 36.7527.72 PeoplesBncpOH PEBO 4.3 16 33.60+0.08 .36
9.97 1.00 KalaPharm KALA ... dd 1.04 –0.04 ... 140.17
76.70 LogitechIntl LOGI ... 16 84.93 +3.94 ... 22.9313.77 MissionProduce AVO ... 22 13.86–1.08 ... 29.6919.75 PeoplesBncpNC PEBK 2.4 11 27.88+0.33 .17
20.50 2.05 KaleidoBiosci KLDO ... dd 2.21 –0.24 ... 4.08
14.00 3.00
11.65
Kaltura KLTR ... dd 3.26 +0.07 ...
18.95
18.207.49
LongboardPharm
LoopIndustries
LBPH ... dd
LOOP ... dd
4.26
9.48
–0.19
–2.05
...
...
497.49
117.34
211.94
121.00
Moderna
ModivCare
MRNA
MODV
... 13
... 81
204.73
–9.13 ...
129.01
–2.57 ... O 55.00
10.88
36.02
9.87
PeoplesFinSvcs
PepperLimeHlth
PFIS
PEPLU
2.9 11
... ...
52.89
10.12
+0.04 .38
–0.19 ...
45.00 KalVistaPharm KALV ... dd 12.54 –0.45 ... 31.572.99 LordstownMotors RIDE ... dd 3.11 –0.18 ... 32.049.57 MolecularPtrs MOLN ... ... 31.89+15.38 ... 15.009.60 PepperLimeA PEPL ... ... 9.77–0.19 ...
8.16 5.11 Kamada KMDA ... 69 6.76 +0.25 ... 17.504.51 Lottery.com LTRY ... dd 4.81 –0.70 ... 15.193.30 MolecularTemp MTEM ... dd 3.70–0.22 ... 51.40 34.02 ODP ODP ... 28 42.54 +1.29 ... 0.61 0.40 PepperLimeWt PEPLW ... ... .49+0.02 ...
10.98 3.09 KandiTech KNDI ... 23 3.34 –0.04 ... 4.18 0.75 Lottery.comWt LTRYW ... ... .80 –0.34 ... 28.1216.35 Momentive MNTV ... dd 17.77–2.11 ... 14.00 7.46 OP Bancorp OPBK 3.1 8 13.05 –0.51 .10 175.94
128.32 PepsiCo PEP 2.4 30 175.64
+1.56 1.075
44.96 27.90 Kanzhun BZ ... dd 29.25 –7.67 ... 95.5147.72 Lovesac LOVE ... 24 52.61 –3.35 ... 29.183.66 Momentus MNTS ... dd 4.26+0.26 ... 6.27 3.26 OPKO Health OPK ... 38 4.53 +0.08 ... 10.1510.03 PerceptionCapII PCCTU ... ... 10.11 ... ...
25.91 15.56 KaratPkg KRT ... 22 18.03 –2.06 ... 98.9526.92 LoyaltyVentures LYLT ... 11 31.93 +0.99 ... 11.960.44 MomentusWt MNTSW ... ... .65
+0.14 ... 0.69 0.45 OPYAcqnIWt OHAAW ... ... .47 –0.01 ... 9.96 9.82 PerceptionCapII PCCT ... ... 9.93 ... ...
161.98 94.84 KarunaTherap KRTX ... dd 124.47 –0.65 ... 13.524.02 LucidDiag LUCD ... dd 4.27 –0.25 ... 76.0050.01 MonarchCasino MCRI ... 21 68.65–2.94 ... 10.09 9.80 OPYAcqnI OHAAU ... ... 10.04 +0.03 ... 0.60 0.41 PerceptionCapIIWt PCCTW ... ... .42–0.01 ...
17.39 4.42 KaryopharmTherap KPTI ... dd 8.04 +0.98 ... 64.8616.12 Lucid LCID ... dd 42.22 +0.24 ... 450.00
155.01 monday.com MNDY ... dd 215.64
–21.74 ... 9.87 9.70 OPYAcqnIA OHAA ... ... 9.73 –0.07 ... 14.059.65 PerdoceoEduc PRDO ... 8 12.08 ... ...
19.50 2.53 Katapult KPLT ... dd 2.63 –0.27 ... 37.994.23 LuciraHealth LHDX ... dd 6.43 –0.74 ... 68.1652.91 Mondelez MDLZ 2.1 22 68.10+0.55 .35 710.86 424.03 OReillyAuto ORLY ... 24 678.87 –3.38 ... 14.7510.06 PerellaWeinberg PWP 2.4 dd 11.86–0.90 .07
5.87 0.40 KatapultWt KPLTW ... ... .43 –0.07 ... 15.098.77 Lulu'sFashion LVLU ... 71 9.28 –0.72 ... 12.365.06 MoneyGram MGI ... dd 7.87+0.32 ... 102.24 87.97 OSI Systems OSIS ... 20 89.67 –1.58 ... 4.25 1.12 PerellaWeinbergWt PWPPW ... ... 3.15–0.40 ...
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

13.88 9.96 KearnyFinancial KRNY 3.2 15 13.84 +0.16 .11 485.83


269.28 lululemon LULU ... 49 328.98 –26.23 ... 590.00
238.01 MongoDB MDB ... dd 396.89
–32.74 ... 11.25 4.21 O2MicroIntl OIIM ... 10 4.33 –0.13 ... 153.28
47.32 Perficient PRFT ... 62 102.72
–8.81 ...
26.98 15.89 KellyServices A KELYA 1.1 7 18.39 +0.45 .05 108.90
65.67 Lumentum LITE ... 20 106.36 +1.06 ... 580.00
301.51 MonolithicPower MPWR .5 99 438.18
–6.51 .60 7.81 5.47 OaktreeSpec OCSL 7.2 5 7.65 +0.07 .155 5.29 0.96 PerformantFin PFMT ... dd 2.15–0.06 ...
60.00 16.63 KellyServices B KELYB 1.1 7 18.47 +0.43 .05 40.9813.45 LuminarTech LAZR ... dd 15.42 –0.34 ... 72.6753.37 Monro MNRO 1.8 36 57.18–1.21 .26 35.70 13.22 OasisMidstream OMP 8.8 5 25.43 +0.64 .56 33.0912.40 PerionNetwork PERI ... 24 20.76–0.73 ...
18.15 5.81 KemPharm KMPH ... dd 8.19 –0.44 ... 11.097.15 LumiraDx LMDX ... ... 9.41 +0.91 ... 99.8980.92 MonsterBev MNST ... 31 89.91–4.15 ... 140.71 34.58 OasisPetrol OAS 1.4 3 138.90 +5.92 .50 9.05 5.77 Perma-PipeIntl PPIH ... cc 8.97+0.22 ...
8.00 6.15 KY FirstFedBncp KFFB 5.5 29 7.31 –0.04 .10 2.36 0.49 LumiraDxWt LMDXW ... ... 1.74 +0.14 ... 45.5614.50 MonteRosaTherap GLUE ... dd 15.00–2.05 ... 29.00 7.18 Oatly OTLY ... dd 7.41 –0.57 ... 53.4611.58 Personalis PSNL ... dd 12.25–0.67 ...
75.99 28.50 KerosTherap KROS ... dd 51.78 –1.02 ... 22.496.80 LumosPharma LUMO ... dd 7.18 +0.11 ... 10.459.63 MontereyBio MTRYU ... ... 10.24+0.03 ... 5.55 1.85 ObsEva OBSV ... dd 1.92 –0.02 ... 30.3917.00 PetcoHealth WOOF ... 38 18.47–0.04 ...
39.35 30.28 KeurigDrPepper KDP 1.9 32 39.28 +1.98 .1875 15.379.18 LutherBurbank LBC 3.3 10 14.34 +0.27 .12 9.90 9.85 MontereyBioAcqn MTRY ... ... 9.88+0.03 ... 25.76 18.06 OceanFirstFin OCFC 2.8 12 24.04 +0.34 .17 46.0019.64 PetIQ PETQ ... dd 20.54+0.19 ...
14.99 11.44 KewauneeSci KEQU ... dd 13.08 +0.13 ... 19.845.83 LyellImmuno LYEL ... dd 6.04 –0.34 ... 0.55 0.37 MontereyBioAcqnWt MTRYW ... ... .38 ... ... 21.48 5.99 OcularTherapeutix OCUL ... dd 6.20 –0.24 ... 57.0023.72 PetMedExpress PETS 5.0 19 23.99–0.87 .30
9.48 5.95 KeyTronic KTCC ... 21 6.24 –0.21 ... 68.2836.25 Lyft LYFT ... dd 41.26 –1.84 ... 350.21
215.00 Morningstar MORN .5 60 296.19
–13.00 .36 28.41 0.85 OdonateTherap ODT ... dd 1.12 +0.03 ... 15.147.58 Pharming PHAR ... 28 9.26–0.19 ...
17.28 4.61 KezarLifeSci KZR ... dd 14.20 +0.58 ... 16.503.85 LyraTherap LYRA ... dd 3.95 –0.25 ... 93.0029.34 Morphic MORF ... dd 44.75–3.03 ... 31.69 22.83 OfficePropIncm OPI 7.9 dd 27.92 +0.41 .55 42.8613.14 Pharvaris PHVS ... ... 17.98–1.32 ...
81.47 42.19 Kforce KFRC 1.4 21 72.44 +1.27 .26 30.758.30 MorphoSys MOR ... dd 8.48–0.16 ... 32.70 21.16 OhioValleyBanc OVBC 2.8 10 30.00 +0.64 .21 5.83 1.83 PhaseBioPharm PHAS ... dd 2.24–0.14 ...
30.61 17.50 KimballElec KE ... 13 21.99 –0.17 ... 184.02 14.17
14.86
74.67
9.80
12.14
KimballIntl B
KingsoftCloud
KBAL
KC
3.4
...
dd
dd
10.70
12.41
+0.23
–1.09
.09
...
M 26.42
9.93
15.84
9.84
MotorcarParts
MountRainier
MPAA
RNER
... 25
... ...
17.88
9.92
+0.19 ...
... ...
294.00
30.41 22.30
Okta
Olaplex
OKTA
OLPX
...
...
dd
82
204.41
22.84
+7.74
–1.64
...
...
50.78
44.0028.01
PhathomPharm
Phenixfin
PHAT
PFX
... dd
... 80
15.16
40.63
–1.53 ...
–0.87 ...
24.70 10.30 KiniksaPharm KNSA ... dd 11.33 +0.37 ... 10.2110.05 MountRainierAcqn RNERU ... ... 10.17–0.03 ... 373.58 192.76 OldDomFreight ODFL .3 39 316.12 –16.48 .20 31.0018.63 PhibroAnimal PAHC 2.3 18 21.07+0.80 .12
41.00 14.25 KinnateBio KNTE ... dd 15.53 +0.67 ... 80.30 48.68 Macom Tech MTSI ... cc 71.62 –0.86 ... 0.35 0.26 MountRainierWt RNERW ... ... .27
–0.02 ... 21.28 15.53 OldNatlBncp ONB 2.8 11 20.02 +0.35 .14 36.3526.51 PhillipsEdison PECO 3.2 cc 33.29–0.95 .09
34.45 13.21 Kirkland's KIRK ... 8 16.81 +1.06 ... 14.70 10.11 MeliKaszek MEKA ... ... 10.15 –0.84 ... 10.3010.10 MountainIAcqn MCAAU ... ... 10.22 ... ... 14.45 9.75 Old2ndBcp OSBC 1.4 11 14.14 +0.54 .05 10.629.71 PhoenixBiotech PBAX ... ... 9.92–0.02 ...
36.67 16.77 KnowBe4 KNBE ... dd 20.99 –0.24 ... 82.95 63.00 MGE Energy MGEE 2.0 26 77.93 –2.76 .3875 10.089.98 MountainI A MCAA ... ... 10.00 ... ... 54.88 6.27 OlemaPharm OLMA ... dd 6.69 –0.61 ... 11.2110.01 PhoenixBiotech PBAXU ... ... 10.11–0.04 ...
59.58 89.50 51.27 MGP Ingredients MGPI .6 24 84.26 +1.10 .12 0.60 0.45 MountainI Wt MCAAW ... ... .46
–0.02 ... 42.20 10.64 OlinkHolding OLK ... ... 12.57 +0.89 ... 0.58 0.42 PhoenixBiotechWt PBAXW ... ... .44–0.01 ...
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

171.21 KodiakSciences KOD ... dd 65.13 –7.08 ... 3.05 1.36 MINDTechnology MIND ... dd 1.62 –0.06 ... 0.40 0.30 MountainCrestVRt MCAGR ... ... .34
–0.01 ... 123.52 44.80 Ollie'sBargain OLLI ... 17 45.20 –4.51 ... 19.9310.95 Photronics PLAB ... 22 19.79+1.24 ...
181.38 84.21 KornitDigital KRNT ... cc 110.41 –18.22 ... 199.44 138.70 MKS Instrum MKSI .5 19 180.69 +11.69 .22 10.1310.01 MountainCrestV MCAGU ... ... 10.10+0.01 ... 40.00 13.38 OlympicSteel ZEUS .3 3 24.57 –1.23 .02 29.7018.75 PilgrimPride PPC ... dd 28.12–0.36 ...
44.95 31.60 KraftHeinz KHC 4.2 20 38.02 +0.67 .40 121.22 54.87 MYR Group MYRG ... 20 97.53 –4.48 ... 9.82 9.71 MountainCrestAcqnV MCAG ... ... 9.77 ... ... 193.60 109.00 OmegaFlex OFLX .9 54 136.82 +4.78 .30 212.60
47.67 Pinduoduo PDD ... dd 60.41+4.51 ...
34.11 16.55 KratosDefense KTOS ... 27 16.87 –1.64 ... 10.66 7.37 Macatawa MCBC 3.4 10 9.41 +0.09 .08 5.22 1.40 MustangBio MBIO ... dd 1.50–0.12 ... 31.41 9.51 OmegaTherap OMGA ... dd 10.66 –0.54 ... 111.31
67.92 PinnacleFinPtrs PNFP .7 17 110.41
+3.61 .18
21.69 12.63 KrispyKreme DNUT .9 dd 16.20 –1.37 .035 36.48 13.50 Macrogenics MGNX ... dd 14.44 –0.35 ... 22.0011.21 Mynaric MYNA ... dd 11.50–0.91 ... 23.85 5.45 Omeros OMER ... dd 5.77 –0.50 ... 2.99 0.40 PintecTech PT ... dd .69+0.20 ...
33.39 9.96 KronosBio KRON ... dd 10.68 –2.03 ... 142.62 68.56 MadrigalPharm MDGL ... dd 78.45 +1.20 ... 36.9523.55 MyriadGenetics MYGN ... dd 27.79+2.86 ... 187.29 116.07 Omnicell OMCL ... 96 164.48 +2.28 ... 7.90 2.63 Pixelworks PXLW ... dd 3.79–0.32 ...
102.99 38.86 KrystalBiotech KRYS ... dd 62.28 –1.93 ... 14.20 4.38 MagentaTherap MGTA ... dd 4.48 –0.19 ... 10.09 9.92 OmniLitAcqn OLITU ... ... 10.03 ... ... 12.388.07 PlainsAllAmPipe PAA 6.6 dd 10.95+0.88 .18
75.29 34.79 Kulicke&Soffa KLIC 1.1 10 60.56 +2.40 .17 +0.81 .18
36.27
85.62
12.02
21.01
KuraOncology
KuraSushiUSA
KURA
KRUS
...
...
dd
dd
13.64
54.97
+0.75
–0.71
...
...
25.49
64.39
14.87
14.52
MagicSoftware
Magnite
MGIC
MGNI
2.4
...
34
cc
19.65
15.11
–0.84
–0.30
.234
... N 71.26
6.57
33.78
1.80
ON Semi
Oncocyte
ON
OCX
...
...
43
dd
66.20
1.89
+1.64
–0.17
...
...
12.96
9.46
8.25
5.15
PlainsGP
PlayaHotels
PAGP
PLYA
6.1 dd
... dd
11.73
7.51–0.43 ...
87.49 29.93 KymeraTherap KYMR ... dd 41.07 –14.49 ... 12.49 7.52 MagyarBancorp MGYR .0 14 12.46 +0.02 .12 29.84 4.01 Oncorus ONCR ... dd 4.23 –0.31 ... 13.203.65 Playstudios MYPS ... dd 4.46+0.47 ...
39.02 22.96 MakeMyTrip MMYT ... dd 26.79 +0.64 ... 26.00 12.64 Napco Security NSSC ... 40 21.96 –0.47 ... 39.61 20.95 1-800-FLOWERS FLWS ... 14 24.01 –0.25 ... 5.30 0.42 PlaystudiosWt MYPSW ... ... .66+0.07 ...
93.00 61.57 MalibuBoats MBUU ... 12 65.13 –1.97 ... 42.79 32.40 NBT Bancorp NBTB 2.7 12 42.14 +0.78 .28 8.64 6.21 180DegreeCap TURN ... 3 7.40 –0.10 ... 36.0616.25 Playtika PLTK ... 27 18.96+2.12 ...
L 19.38
7.27
15.12
1.73
MalvernBancorp
MammothEnergy
MLVF
TUSK
...
...
dd
dd
15.70
2.03
–0.06
+0.06
...
...
32.12
319.88
14.90
211.25
NGM Biopharm
NICE
NGM
NICE
...
...
dd
89
15.96
264.41
–1.03
–13.33
...
...
59.82
45.88
11.88
2.78
1LifeHealthcare
111
ONEM
YI
...
...
dd
dd
12.16
3.12
–3.24
+0.15
...
...
101.17
43.92
72.46
11.28
Plexus
PliantTherap
PLXS
PLRX
... 20
... dd
92.86
12.68
+0.03 ...
–0.48 ...
0.52 0.46 LamfGlbI Wt LGVCW ... ... .52 +0.04 ... 10.38 10.18 ManaCapAcqn MAAQU ... ... 10.30 +0.05 ... 26.82 19.43 NMI Holdings NMIH ... 10 25.56 +1.62 ... 35.46 10.16 1stdibs.com DIBS ... dd 10.45 –0.58 ... 16.505.40 PolyPid PYPD ... dd 5.59–0.63 ...
10.14 9.18 LamfGlbl I LGVCU ... ... 10.07 +0.01 ... ... ... ManaCapAcqn MAAQ ... ... 9.82 ... ... 9.62 3.84 NN NNBR ... dd 4.23 –0.04 ... 62.79 31.32 OneWaterMarine ONEW .0 8 55.72 +0.37 1.80 582.27
305.47 Pool POOL .6 33 494.10
–9.07 .80
10.19 9.72 LamfGlbI A LGVC ... ... 9.83 –0.04 ... ... ... ManaCapAcqnRt MAAQR ... ... .33 ... ... 64.20 4.07 NRX Pharm NRXP ... dd 4.36 –0.31 ... 99.89 4.08 Ontrak OTRK ... dd 4.22 –0.43 ... 78.001.57 PopCulture CPOP ... 10 1.72–0.50 ...
10.20 9.89 LavaMedtech LVACU ... ... 10.15 –0.03 ... ... ... ManaCapAcqnWt MAAQW ... ... .33 ... ... 16.30 1.65 NRX PharmWt NRXPW ... ... 1.93 –0.14 ... 0.59 0.40 OnyxAcqnIWt ONYXW ... ... .44 –0.06 ... 98.5754.01 Popular BPOP 1.8 9 98.46+6.82 .45
0.68 0.45 LavaMedtechWt LVACW ... ... .48 –0.08 ... 23.75 15.72 Mandiant MNDT ... dd 16.13 –0.29 ... 239.91 156.02 NXP Semi NXPI 1.0 40 225.29 +3.96 .5625 9.95 9.81 OnyxAcqnIA ONYX ... ... 9.91 –0.01 ... 57.7325.72 Portillo's PTLO ... ... 28.86–4.88 ...
17.20 4.22 LavaTherap LVTX ... ... 4.99 –0.91 ... 188.52 110.11 ManhattanAssoc MANH ... 79 136.21 –3.21 ... 3.49 0.52 NabrivaTherap NBRV ... dd .54 –0.05 ... 44.00 19.45 OpenLending LPRO ... 18 19.50 –0.82 ... 25.9718.40 PortmanRidge PTMN 10.0 2 24.80+0.10 .62
... ... LFCapAcqnIIA LFAC ... ... 9.86 ... ... 49.08 13.65 Mannatech MTEX 2.1 10 38.00 +1.14 1.50 94.81 11.50 NanoXImaging NNOX ... dd 11.75 –1.22 ... 55.25 44.03 OpenText OTEX 1.9 38 47.44 +1.29 .2209 13.644.93 PoseidaTherap PSTX ... dd 5.26–1.13 ...
10.24 9.91 LFCapitalAcqnIIUn LFACU ... ... 10.10 +0.08 ... 6.25 3.12 MannKind MNKD ... dd 3.92 –0.15 ... 20.63 6.51 Nanobiotix NBTX ... dd 9.14 +0.21 ... 39.24 10.57 OpendoorTech OPEN ... dd 11.56 +0.20 ... 97.8514.67 Poshmark POSH ... dd 16.98+1.12 ...
0.55 0.42 LFCapAcqnIIWt LFACW ... ... .53 ... ... 101.35 66.91 ManTechIntl MANT 2.1 22 73.52 –0.69 .38 86.42 32.72 NanoStringTech NSTG ... dd 35.88 +1.70 ... 13.93 6.50 Opera OPRA ... 4 6.69 –0.10 ... 9.07 4.53 Potbelly PBPB ... dd 5.73+0.08 ...
188.00 97.20 LGI Homes LGIH ... 8 139.02 +5.34 ... 63.55 26.81 MaravaiLifeSci MRVI ... 24 30.33 –3.12 ... 5.45 0.92 NantHealth NH ... dd .96 –0.01 ... 27.95 15.35 OportunFin OPRT ... 14 19.27 –0.79 ... 65.6746.94 PotlatchDelt PCH 3.1 8 57.10+0.55 4.00
223.80 108.42 LHC Group LHCG ... 32 131.42 +3.40 ... 10.75 9.85 MarblegateAcqn GATEU ... ... 9.97 –0.03 ... 214.96 134.21 Nasdaq NDAQ 1.2 27 186.14 –7.37 .54 16.23 6.07 OptheaADR OPT ... ... 7.55 +0.05 ... 37.2823.07 PowellIndustries POWL 3.6 cc 28.64–0.52 .26
60.43 34.79 LKQ LKQ 1.8 16 56.68 –1.59 .25 9.83 9.76 MarblegateAcqn GATE ... ... 9.78 ... ... 129.09 63.91 Natera NTRA ... dd 67.37 –7.78 ... 14.64 9.10 Optibase OBAS ... dd 12.42 +0.42 ... 11.009.99 Power&Digital II XPDBU ... ... 10.11–0.04 ...
181.92 103.88 LPL Financial LPLA .6 31 175.78 –1.63 .25 0.63 0.47 MarblegateAcqnWt GATEW ... ... .48 ... ... 78.89 53.96 Nathan's NATH 2.5 18 55.88 –2.52 .35 6.85 3.14 OpticalCable OCC ... 5 4.30 –0.28 ... 110.66
73.04 PowerIntegrations POWI .7 35 85.00–0.11 .15
11.22 6.31 LSI Inds LYTS 3.1 25 6.39 –0.26 .05 3.67 2.23 Marchex MCHX ... dd 2.58 +0.03 ... 98.22 41.62 NationalBeverage FIZZ .0 25 45.07 +0.27 3.00 4.85 1.46 Optinose OPTN ... dd 2.09 +0.32 ... 9.55 4.46 PowerFleet PWFL ... dd 4.60–0.32 ...
16.00 12.90 LakeShoreBancorp LSBK 3.8 16 14.85 +0.09 .14 27.26 1.34 MarinSoftware MRIN ... dd 3.60 –0.93 ... 6.11 2.41 NatlCineMedia NCMI 7.3 dd 2.74 –0.09 .05 28.86 16.02 OptionCare OPCH ... 53 24.33 –0.71 ... 59.4812.71 PraxisPrecision PRAX ... dd 17.53–0.58 ...
20.69 12.79 LakelandBcp LBAI 2.6 11 20.43 +0.07 .135 20.04 9.10 MarinusPharma MRNS ... dd 11.07 –0.01 ... 47.08 38.10 NatlInstruments NATI 2.6 cc 41.72 +0.69 .27 15.94 7.56 OraSureTechs OSUR ... dd 8.51 +0.57 ... 9.89 3.02 Precigen PGEN ... dd 3.23+0.06 ...
85.29 56.06 LakelandFin LKFN 1.9 23 84.86 +1.47 .40 3.77 0.75 MarkerTherap MRKR ... dd .81 –0.05 ... 55.67 37.60 NatlResearch NRC 1.3 27 38.21 –2.55 .12 9.08 1.15 OrchardTherap ORTX ... dd 1.24 –0.03 ... 16.605.62 PrecisionBio DTIL ... dd 5.94–0.62 ...
47.95 18.58 LakelandInd LAKE ... 9 20.77 –1.13 ... 589.25 341.50 MarketAxess MKTX .7 51 371.54 –7.20 .66 13.25 8.91 NatlSecurity NSEC 2.6 dd 9.11 +0.06 .06 6.45 1.58 OrganiGram OGI ... dd 1.64 +0.02 ... 81.5547.84 PreferredBankLA PFBC 2.1 13 81.06+1.59 .43
731.85 481.05 LamResearch LRCX .8 25 729.82 +60.53 1.50 16.97 5.56 MarketWise MKTW ... dd 5.95 –0.84 ... 65.92 38.79 NationalVision EYE ... 24 39.44 –3.54 ... 39.45 11.28 OricPharm ORIC ... dd 12.80 –1.53 ... 82.4657.00 PreformedLine PLPC 1.3 11 63.48+0.86 .20
124.32 78.06 LamarAdv LAMR 3.5 31 112.68 –3.72 .50 23.54 11.38 MarlinBusSvcs MRLN 2.4 7 23.50 +0.11 .14 260.00 180.00 NatlWesternLife NWLI .2 4 219.00 –2.00 .36 47.58 27.60 OriginBancorp OBNK 1.2 11 44.71 –0.35 .13 95.388.80 PreludeTherap PRLD ... dd 9.52–0.53 ...
201.31 145.79 LancasterColony LANC 1.9 34 165.85 –4.88 .80 37.90 12.93 Marqeta MQ ... dd 13.71 –1.86 ... 19.93 12.23 NaturalAlt NAII ... 7 13.36 +0.21 ... 77.77 2.21 Orphazyme ORPH ... dd 2.30 –0.02 ... 35.9023.93 PremierFinl PFC 3.6 9 30.94–0.69 .28
12.88 7.65 Landec LNDC ... dd 10.96 +0.52 ... 171.68 115.50 Marriott MAR ... cc 162.80 –3.86 ... 29.70 21.87 NatusMedical NTUS ... 49 23.94 +0.74 ... 22.99 15.14 OrthoClinical OCDX ... dd 19.06 –0.95 ... 42.1532.44 Premier PINC 2.0 19 39.59–0.62 .20
30.00 21.59 LandmarkBncp LARK 2.7 7 28.53 –0.34 .1905 18.10 14.72 MartenTransport MRTN 1.0 17 16.53 –0.21 .04 25.89 4.21 NautilusBiotech NAUT ... dd 4.43 –0.30 ... 48.50 28.65 OrthofixIntl OFIX ... dd 32.90 +1.85 ... 104.90
67.91 PriceSmart PSMT 1.0 23 73.49–0.75 .35
16.99 3.40 LandosBio LABP ... dd 3.72 –0.46 ... 3.67 1.64 MartinMidstream MMLP .7 dd 3.07 +0.08 .005 23.80 10.83 Navient NAVI 2.9 4 21.92 –0.34 .16 73.91 40.02 OrthoPediatrics KIDS ... dd 53.41 +0.66 ... 16.5411.60 PrimisFinl FRST 2.5 12 16.02+0.11 .10
188.63 138.30 LandstarSystem LSTR .6 19 167.26 –0.15 2.00 93.85 37.92 MarvellTech MRVL .3 dd 83.00 –0.11 .06 22.19 9.66 NavitasSemi NVTS ... dd 11.19 –1.94 ... 4.95 0.98 OsmoticaPharm OSMT ... dd 1.13 +0.10 ... 41.7621.47 PrimorisSvcs PRIM .9 12 27.39+1.99 .06
31.60 15.20 Lantheus LNTH ... dd 27.29 +0.40 ... 305.21 205.10 Masimo MASI ... 58 233.08 –20.92 ... 7.53 1.13 NavitasSemiWt NVTSW ... ... 3.05 –0.90 ... 11.60 2.97 OtonomoTech OTMO ... dd 3.11 –0.35 ... 77.6848.88 PrincipalFin PFG 3.3 12 76.82+0.56 .64
18.71 7.86 Largo LGO ... 23 10.32 –0.11 ... 33.63 23.61 MasterCraftBoat MCFT ... 9 26.49 –0.91 ... 86.48 45.91 nCino NCNO ... dd 46.12 –4.70 ... 2.65 0.27 OtonomoTechWt OTMOW ... ... .29 –0.02 ... 50.7720.20 PriviaHealth PRVA ... dd 22.06–0.46 ...
20.55 7.00 LarimarTherap LRMR ... dd 9.15 –0.39 ... 182.00 118.51 MatchGroup MTCH ... 62 121.15 –4.12 ... 26.75 10.59 NektarTherap NKTR ... dd 12.10 –0.58 ... 5.73 1.14 Otonomy OTIC ... dd 2.03 +0.03 ... 11.987.99 Procaps PROC ... dd 9.15–0.15 ...
10.04 9.97 LarkspurHealth LSPRU ... ... 10.04 +0.02 ... 87.40 18.50 Materialise MTLS ... cc 20.70 –1.36 ... 73.54 23.94 NeoGames NGMS ... 60 24.62 –2.14 ... 71.89 39.35 OtterTail OTTR 2.4 19 64.28 –3.51 .39 1.65 0.44 ProcapsWt PROCW ... ... .77–0.07 ...
19.70 5.76 Latch LTCH ... dd 6.33 +0.14 ... 16.32 6.18 MatrixService MTRX ... dd 8.11 +0.12 ... 48.85 38.24 Neogen NEOG ... 74 38.92 –1.11 ... 20.99 13.00 Outbrain OB ... dd 14.60 +0.08 ... 22.1114.73 ProfessionalHldg PFHD ... 13 21.25+1.05 ...
6.36 1.28 LatchWt LTCHW ... ... 1.46 +0.01 ... 23.31 16.92 Mattel MAT ... 10 22.33 +0.08 ... 14.90 3.61 NeoleukinTherap NLTX ... dd 3.83 –0.27 ... 61.00 34.68 OutsetMedical OM ... dd 36.41 –3.09 ... 7.86 0.66 Progenity PROG ... dd 1.69–0.23 ...
34.73 12.69 Latham SWIM ... dd 19.92 –0.45 ... 37.60 10.45 Matterport MTTR ... dd 13.34 –2.27 ... 34.44 13.03 NerdWallet NRDS ... dd 13.34 –1.59 ... 112.30 47.85 Overstock OSTK ... 24 49.15 –4.25 ... 53.9939.91 ProgressSoftware PRGS 1.5 25 45.92+0.29 .175
85.45 37.38 LatticeSemi LSCC ... cc 64.14 –4.67 ... 25.83 1.63 MatterportWt MTTRW ... ... 2.00 –2.11 ... 6.97 3.84 Net1UEPS UEPS ... dd 5.08 –0.26 ... 4.80 2.42 OvidTherap OVID ... 2 3.13 –0.17 ... 68.3238.61 Progyny PGNY ... 48 43.19–0.59 ...
19.02 9.41 LaureateEduc LAUR .0 dd 11.91 –0.23 .58 43.75 30.45 MatthewsIntl MATW 2.4 cc 37.15 +0.93 .22 96.82 58.83 NetApp NTAP 2.1 23 95.41 +3.17 .50 8.53 5.73 OxfordLane OXLC 11.2 3 8.05 –0.10 .075 9.95 9.62 ProjectEnerReimag PEGR ... ... 9.71–0.05 ...
62.10 44.15 LawsonProducts LAWS ... 42 46.55 –2.59 ... 17.44 7.54 MaxCyte MXCT ... ... 7.77 –1.07 ... 134.33 77.97 NetEase NTES .8 37 103.36 +3.65 .225 5.22 3.28 OxfordSquare OXSQ 10.1 3 4.17 –0.11 .035 10.639.65 ProjectEnReimagUn PEGRU ... ... 10.00–0.05 ...
4.17 1.33 LeapTherap LPTX ... dd 2.84 –0.05 ... 57.97 11.66 MaxeonSolar MAXN ... dd 12.40 –0.22 ... 700.99 478.54 Netflix NFLX ... 47 525.69 –15.37 ... 25.89 9.86 OysterPtPharma OYST ... dd 13.63 –2.37 ... 0.71 0.47 ProjectEnerReimag PEGRW ... ... .55–0.05 ...
44.43 13.20 LeeEnterprises LEE ... 10 40.38 +1.06 ... 77.89 30.47 MaxLinear MXL ... dd 65.94 +0.64 ... 46.38 26.07 Netgear NTGR ... 11 29.70 –0.42 ... 68.77 22.62 OzonHoldings OZON ... dd 22.94 –4.19 ... 40.4916.11 PrometheusBio RXDX ... dd 35.29–0.17 ...
28.84 13.95 LegacyHousing LEGH ... 13 24.97 –0.04 ... 10.36 10.09 MaxproCapitalAcqn JMACU ... ... 10.22 –0.10 ... 34.87 24.82 NetScout NTCT ... 64 31.62 +0.30 ... 9.46 4.05 ProQR Therap PRQR ... dd 6.76–0.27 ...
71.88
40.94
10.01
14.04
9.73
LegalZoom
LegatoMergerII LGTO
LZ ...
...
dd
...
15.02
9.84
+0.33
–0.01
...
...
9.99
0.51
9.85
0.36
MaxproCapA
MaxproCapWt
JMAC
JMACW
...
...
...
...
9.94
.36
...
–0.03
...
...
120.27
22.43 3.64
Neurocrine
Neuronetics
NBIX
STIM
...
...
17
dd
78.36
4.01
+3.04
+0.25
...
... PQ 9.25
50.54
5.74
12.80
ProspectCapital
ProtagonistTherap
PSEC
PTGX
8.2 3
... dd
8.76
35.96
+0.10 .06
+1.10 ...
10.12 9.95 LegatoMergerIIUn LGTOU ... ... 10.05 –0.05 ... 32.83 18.20 McAfee MCFE 1.7 dd 25.76 +0.02 .115 27.38 8.29 NeuroPace NPCE ... dd 10.36 +0.32 ... 22.985.94 ProtaraTherap TARA ... dd 6.37+0.10 ...
0.60 0.47 LegatoMergerIIWt LGTOW ... ... .48 –0.02 ... 87.53 67.08 McGrathRent MGRC 2.2 21 78.19 –1.01 .435 57.22 20.75 NewFortressEner NFE 1.7 dd 24.09 +0.17 .10 81.77 25.50 PAM Transport PTSI ... 13 72.83 +7.22 ... 31.068.26 Proterra PTRA ... dd 10.09+1.00 ...
58.00 23.41 LegendBiotech LEGN ... dd 41.50 –3.16 ... 10.20 10.00 McLarenTech MLAIU ... ... 10.06 –0.02 ... 14.11 11.15 NewMtnFin NMFC 9.0 6 13.33 –0.34 .30 9.70 5.65 P&FIndustries PFIN ... 48 6.17 +0.11 ... 79.7510.72 Prothena PRTA ... 38 39.53–1.66 ...
64.50 42.01 LeMaitreVascular LMAT 1.0 35 45.79 –0.97 .11 10.05 9.80 McLarenTechA MLAI ... ... 9.91 +0.01 ... 10.50 9.97 NewProvidenceAcqnII NPABU ... ... 10.10 +0.10 ... 24.40 10.34 PCB Bancorp PCB 2.0 11 24.34 +1.34 .12 15.984.52 ProventionBio PRVB ... dd 4.75–0.48 ...
372.64 105.00 LendingTree TREE ... cc 138.20 +7.99 ... 0.75 0.39 McLarenTechWt MLAIW ... ... .42 –0.02 ... 9.86 9.55 NewProvidenceII A NPAB ... ... 9.86 +0.09 ... 55.21 40.50 PCConnection CNXN .0 17 41.14 –0.36 1.00 18.4814.50 ProvidentFin PROV 3.3 15 16.87+0.08 .14
32.84 19.80 Leslie's LESL ... 35 22.07 –0.22 ... 9.50 3.50 MedallionFin MFIN ... 4 6.68 +0.50 ... 0.64 0.50 NewProvidenceII Wt NPABW ... ... .56 ... ... 11.05 5.33 PCTEL PCTI 4.0 60 5.53 –0.03 .055 15.9511.50 PrudentialBncp PBIP 2.0 14 13.82–0.12 .07
42.63 17.90 LevelOneBncp LEVL .6 10 42.00 –0.19 .06 10.81 2.50 MediciNova MNOV ... dd 2.52 –0.09 ... 4.93 3.51 NY Mortgage NYMT 10.6 8 3.78 –0.03 .10 59.00 21.53 PDC Energy PDCE .8 cc 56.48 +3.67 .50 76.9621.61 PubMatic PUBM ... 29 26.20–0.59 ...
9.65 3.26 LexiconPharm LXRX ... dd 3.45 –0.08 ... 6.22 2.20 MediWound MDWD ... dd 2.89 –0.23 ... 10.20 10.00 NewcourtAcqn NCACU ... ... 10.15 +0.01 ... 33.78 16.44 PDF Solutions PDFS ... dd 28.11 –0.11 ... 68.7627.46 Pulmonx LUNG ... dd 27.79–2.46 ...
62 BARRON’S January 17, 2022

Nasdaq Issues
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.
14.14 2.44 PumaBiotech PBYI ... dd 2.78 –0.01 ... 16.41 13.41 SLR Sr Invt SUNS 8.1 13 14.77 +0.47 .10 30.38 20.48 SoteraHealth SHC ... cc 21.76 +0.16 ... 31.86 10.11 ThredUp TDUP ... ... 10.76 –0.94 ... 9.72 3.66 VeronaPharma VRNA ... dd 6.75 –0.13 ...
65.90 35.00 PureTechHealth PRTC ... dd 38.15 –1.88 ... 74.50 36.88 SMART Global SGH ... dd 66.25 +1.65 ... 4.49 1.89 SotherlyHotels SOHO ... dd 2.22 +0.08 ... 45.00 13.47 360DigiTech QFIN 1.4 4 19.94 –0.22 .27 18.42 8.15 VerricaPharm VRCA ... dd 8.32 –0.75 ...
41.08 8.79 PurpleInnovation PRPL ... dd 10.42 –1.24 ... 9.48 0.86 SocTelemed TLMD ... dd .87 –0.30 ... 29.62 18.51 SouthPlainsFin SPFI 1.2 9 29.45 +0.62 .09 10.20 10.03 ThriveAcqn THACU ... ... 10.12 +0.02 ... 14.30 7.48 VersaBank VBNK .7 16 11.92 –0.16 .0196
9.11 3.69 Puyi PUYI ... dd 6.49 –0.45 ... 1.75 0.12 SocTelemedWt TLMDW ... ... .12 –0.05 ... 93.26 62.60 SouthState SSB 2.1 15 93.14 +3.12 .49 9.98 9.83 ThriveAcqnA THAC ... ... 9.92 –0.01 ... 39.71 13.28 Vertex VERX ... ... 14.01 –1.78 ...
19.00 7.90 PyxisOncology PYXS ... ... 10.30 +0.20 ... 12.69 3.27 SPI Energy SPI ... dd 3.42 +0.02 ... 65.59 37.83 SouthernFirstBcsh SFST ... 11 62.65 –2.37 ... 0.65 0.38 ThriveAcqnWt THACW ... ... .40 –0.01 ... 242.99 176.36 VertxPharm VRTX ... 28 234.06 +12.21 ...
3.98 0.27 Q&K Intl QK ... dd .45 –0.08 ... 36.71 25.29 SP Plus SP ... 27 29.41 +1.57 ... 61.93 30.00 SoMO Bancorp SMBC 1.4 10 55.65 –2.16 .20 10.00 9.77 ThunderBridgeIV THCPU ... ... 9.95 +0.05 ... 78.00 29.50 VerveTherap VERV ... dd 32.79 +0.74 ...
61.85 37.71 QCR Holdings QCRH .4 11 61.76 +2.56 .06 174.42 91.05 SPS Commerce SPSC ... 97 119.32 –0.34 ... 21.01 18.90 SouthernStatesBcsh SSBK 1.8 ... 19.87 +0.19 .09 16.84 9.55 ThunderBridgeIV A THCP ... ... 9.69 –0.09 ... 12.40 9.38 ViaRenewables VIA 6.3 13 11.54 +0.21 .1813
12.18 7.39 QIWI QIWI 13.2 2 7.96 –0.09 .30 7.29 2.91 SRAX SRAX ... dd 5.36 +1.04 ... 45.36 30.98 SouthsideBcshs SBSI 3.0 13 44.62 +0.32 .33 1.49 0.80 ThunderBridgeIVWt THCPW ... ... .88 –0.10 ... 101.60 31.80 ViacomCBS A VIACA 2.3 8 41.18 +2.28 .24
10.95 2.28 QilianIntl QLI ... ... 2.46 –0.09 ... 84.85 62.51 SS&C Tech SSNC 1.0 30 83.51 +0.55 .20 17.41 12.64 SovosBrands SOVO ... cc 14.15 –0.64 ... 67.00 6.29 TilrayBrands TLRY ... dd 6.86 +0.44 ... 101.97 28.29 ViacomCBS B VIAC 2.6 7 36.82 +1.43 .24
201.68 142.17 Qorvo QRVO ... 15 148.73 –5.96 ... 20.06 13.68 SSR Mining SSRM 1.2 14 16.44 +0.09 .05 26.36 17.28 SpartanNash SPTN 3.2 14 25.20 –0.40 .20 30.75 25.20 TimberlandBncp TSBK 2.9 9 29.32 –0.18 .21 69.16 7.95 ViantTech DSP ... dd 8.54 –0.06 ...
193.58 122.17 Qualcomm QCOM 1.4 24 188.69 +8.28 .68 763.22 435.77 SVB Fin SIVB ... 21 704.41 –28.74 ... 4.54 1.05 SpectrumPharm SPPI ... dd 1.13 –0.03 ... 38.58 20.55 TitanMachinery TITN ... 17 34.04 +0.59 ... 68.76 37.55 ViaSat VSAT ... 95 45.79 –1.19 ...
57.28 26.51 QualtricsIntl XM ... dd 27.23 –2.10 ... 19.02 12.31 SabraHealthcare SBRA 8.4 dd 14.31 ... .30 22.24 11.69 SperoTherap SPRO ... dd 13.20 +0.10 ... 29.18 20.00 TivityHealth TVTY ... 11 25.09 +0.28 ... 18.68 11.96 Viatris VTRS 3.2 dd 15.22 +0.48 .12
148.84 90.26 Qualys QLYS ... 69 126.29 +0.63 ... 16.88 7.05 Sabre SABR ... dd 9.67 +0.37 ... 10.20 10.03 SpindletopHlth SHCAU ... ... 10.12 –0.02 ... 5.24 0.78 TizianaLife TLSA ... dd .83 –0.16 ... 18.14 14.68 ViaviSolutions VIAV ... dd 16.94 –0.14 ...
92.57 31.27 Quanterix QTRX ... dd 32.65 –1.58 ... 87.98 72.75 SafetyInsurance SAFT 4.3 8 84.32 –2.41 .90 9.93 9.55 SpindletopHlth SHCA ... ... 9.92 –0.01 ... 2.12 0.28 TonixPharm TNXP ... dd .29 –0.05 ... 164.76 74.08 Vicor VICR ... 83 108.57 –7.37 ...
9.47 4.83 Quantum QMCO ... dd 5.53 +0.10 ... 28.58 19.20 SagaComm SGA 2.7 15 23.65 +0.16 .50 0.65 0.40 SpindletopHlthWt SHCAW ... ... .42 –0.06 ... 10.16 6.93 Torm TRMD ... dd 8.23 +0.29 ... 43.09 15.69 VictoryCapital VCTR 1.6 9 33.53 –0.70 .17
25.00 5.33 Quantum-Si QSI ... dd 5.84 –0.61 ... 10.20 9.97 SagaliamAcqn SAGAU ... ... 10.02 ... ... 31.75 17.36 SpiritofTexas STXB 1.5 12 30.97 –0.50 .12 41.31 24.81 TowerSemi TSEM ... 34 40.20 +1.05 ... 16.28 8.52 VidlerWater VWTR ... 23 11.70 –0.16 ...
11.50 1.01 Quantum-SiWt QSIAW ... ... 1.36 –0.14 ... 98.39 36.13 SageTherap SAGE ... 3 42.93 +0.89 ... 178.18 105.45 Splunk SPLK ... dd 122.62 +7.83 ... 34.79 22.97 TowneBank TOWN 2.3 11 34.38 +1.04 .20 13.31 3.02 View VIEW ... ... 3.13 –0.45 ...
10.48 0.77 Quhuo QH ... dd .89 –0.20 ... 365.50 171.16 Saia SAIA ... 34 276.60 –6.18 ... 12.86 7.16 SpokHoldings SPOK 5.2 dd 9.60 +0.08 .125 239.86 139.11 TractorSupply TSCO .9 28 221.97 –6.41 .52 2.88 0.41 ViewWt VIEWW ... ... .41 –0.11 ...
265.00 103.31 Quidel QDEL ... 6 114.88 –9.22 ... 6.82 1.40 SalemMedia SALM ... 3 3.32 +0.17 ... 28.22 13.98 Sportradar SRAD ... ... 15.47 –1.01 ... 114.09 46.71 TradeDesk TTD ... 77 75.47 –3.47 ... 8.25 3.79 ViewRay VRAY ... dd 4.77 +0.06 ...
25.99 13.23 QuinStreet QNST ... 73 16.26 –0.87 ... 44.60 10.78 SanaBiotech SANA ... dd 11.37 –1.35 ... 18.05 10.48 SportsmansWrhs SPWH ... 6 10.56 –1.46 ... 102.33 59.35 Tradeweb TW .3 81 91.71 +0.21 .08 14.55 10.52 VigilNeurosci VIGL ... ... 14.00 +1.35 ...
6.42 1.69 Quotient QTNT ... dd 2.10 –0.10 ... 0.63 0.45 SanabyHlthIWt SANBW ... ... .46 –0.04 ... 11.16 10.03 SportsMapTech SMAPU ... ... 10.17 ... ... 17.18 8.20 TransActTechs TACT ... dd 9.75 –0.35 ... 10.09 4.04 VikingTherap VKTX ... dd 4.24 +0.04 ...
17.39 7.07 QurateRetailB QRTEB .0 3 7.91 –0.05 1.25 10.25 10.05 SanabyHealthI SANBU ... ... 10.15 –0.02 ... 10.03 9.79 SportsMapTech SMAP ... ... 9.84 –0.02 ... 101.05 32.96 Transcat TRNS ... 61 94.11 +6.35 ... 26.31 21.00 VillageSuper A VLGEA 4.5 13 22.25 –0.61 .25
14.62 6.74 QurateRetailA QRTEA .0 3 7.96 –0.08 1.25 10.10 9.87 SanabyHlthIA SANB ... ... 9.94 ... ... 0.65 0.43 SportsMapTechWt SMAPW ... ... .47 –0.01 ... 7.00 2.35 TransCodeTherap RNAZ ... dd 2.51 +0.08 ... 58.00 14.34 Vimeo VMEO ... ... 14.69 –0.94 ...
56.40 2.35 Qutoutiao QTT ... dd 2.56 +0.02 ... 200.00 126.98 SandersonFarms SAFM .9 9 189.39 +1.08 .44 96.48 51.72 SpringWorks SWTX ... dd 62.48 +6.42 ... 49.50 15.88 TransMedics TMDX ... dd 16.51 –0.87 ... 19.46 9.65 VinciPartnersInvt VINP 3.8 17 12.18 +0.93 .30
52.04 32.70 SandySpringBncp SASR 2.5 10 51.62 +0.62 .32 31.31 20.37 SproutsFarmersMkt SFM ... 12 29.24 –0.97 ... 64.58 22.00 TravelCenters TA ... 17 45.04 –2.46 ... 13.48 8.88 VintageWineEstates VWE ... dd 10.21 –0.73 ...
18.99 2.03
R 94.97 77.52 Sanfilippo JBSS .8 16 88.86 –1.81 2.30 28.49 2.25 SpruceBio SPRB ... dd 3.43 –0.43 ... 19.83 9.10 Travelzoo TZOO ... 28 9.91 –0.17 ... ViomiTech VIOT ... 6 2.10 –0.12 ...
16.79 6.03 SangamoTherap SGMO ... dd 6.40 –0.37 ... 163.08 73.45 StaarSurgical STAA ... cc 75.43 –7.24 ... 33.09 12.75 TravereTherap TVTX ... dd 27.54 –0.29 ... 26.73 13.44 ViperEnergyPtrs VNOM 5.7 dd 26.50 +1.24 .38
29.95 ... SangomaTechs SANG ... dd 16.40 –0.25 ... 11.04 2.47 Stagwell STGW ... dd 7.16 –0.59 ... 37.17 15.00 TreaceMed TMCI ... dd 20.48 +2.85 ... 141.01 29.50 VirBiotech VIR ... dd 38.70 +5.07 ...
43.26 14.89 RaptTherap RAPT ... dd 29.60 –9.48 ... 43.63 30.59 Sanmina SANM ... 10 40.76 –0.03 ... 26.00 9.55 StarBulkCarriers SBLK 13.5 6 22.28 –0.29 1.25 19.57 7.60 TreanInsurance TIG ... 17 7.94 –0.40 ... 24.80 2.98 ViractaTherap VIRX ... dd 3.17 –0.15 ...
27.81 16.05 RBB Bancorp RBB 1.9 10 27.50 +0.50 .13 54.26 45.17 Sanofi SNY 2.6 19 51.93 +1.74 1.9061 5.40 1.90 StarEquity STRR ... dd 1.99 –0.23 ... 23.76 13.48 TremorIntl TRMR ... ... 14.30 +0.15 ... 4.61 2.64 VircoMfg VIRC ... dd 3.14 +0.03 ...
250.52 160.51 RBC Bearings ROLL ... 65 204.63 –1.12 ... 38.32 24.30 SapiensInt SPNS ... 43 32.27 –0.80 ... 126.32 95.92 Starbucks SBUX 2.0 28 100.12 –7.45 .49 3.64 0.66 TreviTherap TRVI ... dd .72 –0.07 ... 11.28 5.88 VirginOrbit VORB ... ... 8.55 +0.48 ...
94.33 37.35 RCI Hospitality RICK .2 25 84.95 –6.09 .04 11.80 5.95 SarcosTech&Robotic STRC ... dd 7.79 –0.78 ... 51.90 16.16 StateAutoFin STFC .8 32 51.80 +0.19 .10 9.90 3.55 Tricida TCDA ... dd 8.91 –0.15 ... 3.47 0.82 VirginOrbitWt VORBW ... ... 1.36 +0.09 ...
12.49 2.15 RCM Tech RCMT ... 24 6.96 –0.03 ... 2.06 0.51 SarcosTechRobotWt STRCW ... ... 1.24 –0.17 ... 2.58 0.68 StealthBioTher MITO ... dd .90 +0.05 ... 51.66 36.87 TriCoBancshares TCBK 2.2 12 44.92 –0.10 .25 32.35 23.19 VirtuFinancial VIRT 3.3 8 29.07 –0.53 .24
16.66 3.40 REE Automotive REE ... dd 5.25 –0.38 ... 103.34 65.30 SareptaTherap SRPT ... dd 71.10 –14.40 ... 2.89 2.03 StealthGas GASS ... 30 2.25 +0.03 ... 38.72 27.86 TriMas TRS .5 23 35.37 –0.40 .04 338.80 200.94 VirtusInvtPtrs VRTS 2.1 11 284.30 –5.71 1.50
5.15 0.67 REEAutoWt REEAW ... ... 1.08 –0.07 ... 7.48 4.06 SatsumaPharm STSA ... dd 4.53 –0.13 ... 74.37 33.77 SteelDynamics STLD 1.7 6 62.21 –0.10 .26 96.49 65.37 Trimble TRMB ... 35 75.92 –3.22 ... 10.00 9.92 ViscogliosiBros VBOCU ... ... 9.96 –0.03 ...
50.08 25.80 REGENXBIO RGNX ... dd 27.96 –1.21 ... 3.58 1.03 Savara SVRA ... dd 1.30 –0.01 ... 55.19 28.52 StepStone STEP 1.6 12 37.16 –1.07 .15 6.82 1.21 TrinityBiotech TRIB ... 2 1.39 +0.08 ... 10.22 10.05 VisionSensingAcqn VSACU ... ... 10.20 –0.01 ...
9.63 5.01 RF Industries RFIL ... 12 7.40 –0.05 ... 40.83 23.47 ScanSource SCSC ... 13 34.30 –0.51 ... 79.97 55.76 Stericycle SRCL ... cc 59.28 +0.36 ... 18.50 13.46 TrinityCapital TRIN 7.1 5 17.71 –0.41 .36 9.93 9.73 VisionSensingA VSAC ... ... 9.93 +0.01 ...
26.02 21.32 RGC Resources RGCO 3.5 18 22.55 –0.21 .195 59.34 27.72 SchnitzerSteel SCHN 1.8 6 42.73 –6.03 .1875 28.99 18.78 SterlingCheck STER ... dd 19.45 –1.39 ... 45.19 21.40 Trip.com TCOM ... 11 23.72 –1.30 ... 0.50 0.35 VisionSensingWt VSACW ... ... .35 –0.07 ...
7.00 0.45 RISE Education REDU ... dd .52 ... ... 70.00 18.84 ScholarRock SRRK ... dd 20.23 –1.18 ... 29.67 19.20 SterlingCnstr STRL ... 14 27.89 +1.32 ... 64.95 23.52 TripAdvisor TRIP ... dd 28.96 +0.73 ... 146.15 91.61 Visteon VC ... cc 120.84 +5.79 ...
10.00 51.56 32.31 StevenMadden SHOO 1.4 23 41.94 –1.99 .15 32.71 17.16 TriStateCapital TSC ... 18 32.32 –0.03 ... 18.61 8.45 VitaCoco COCO ... ... 10.33 –0.58 ...
9.82 ROC Energy ROC ... ... 9.85 ... ... 43.54 24.69 Scholastic SCHL 1.4 42 43.01 +0.87 .15 31.24 15.14 VitalFarms VITL ... cc 18.39 –0.12 ...
0.35 0.22 ROC Energy Rt ROCAR ... ... .24 –0.06 ... 117.00 28.48 Schrodinger SDGR ... dd 30.69 –1.24 ... 113.76 16.01 StitchFix SFIX ... dd 16.60 –2.42 ... 10.90 2.01 Triterras TRIT ... 43 2.02 –0.26 ...
10.18 10.00 ROCEnergyAcqnUn ROCAU ... ... 10.16 ... ... 67.40 40.76 StockYardsBncp SYBT 1.7 23 64.95 –0.81 .28 11.00 8.51 TritiumDCFC DCFC ... ... 9.22 +0.30 ... 18.48 10.61 Vitru VTRU ... 48 13.80 ... ...
10.30 9.90 SchultzeSpacII SAMAU ... ... 9.98 –0.05 ... 14.35 9.38 VividSeats SEAT .0 dd 11.10 –0.25 .23
31.28 18.71 R1RCM RCM ... dd 20.12 –3.23 ... 16.80 9.67 SchultzeSpecII A SAMA ... ... 9.77 –0.03 ... 71.58 17.76 StokeTherap STOK ... dd 19.58 –0.63 ... 2.85 0.96 TritiumDCFC Wt DCFCW ... ... 1.67 +0.23 ...
26.43 12.47 RackspaceTech RXT ... dd 12.78 –0.47 ... 95.12 14.02 StoneCo STNE ... dd 16.62 +0.50 ... 136.01 55.31 TriumphBancorp TBK ... 26 119.89 +0.65 ... 4.00 0.86 VividSeatsWt SEATW ... ... 2.84 –0.13 ...
0.63 0.43 SchultzeSpecIIWt SAMAW ... ... .49 +0.02 ... 20.36 14.53 Vodafone VOD 9.5 dd 16.45 +0.62 .5324
18.79 10.62 RadiusGlbInfr RADI ... dd 14.46 –1.15 ... 15.10 8.42 Science37 SNCE ... dd 9.29 –2.18 ... 72.34 52.31 StoneX SNEX ... 11 63.23 –1.83 ... 5.88 1.93 trivago TRVG ... dd 2.25 –0.03 ...
26.16 5.96 RadiusHealth RDUS ... dd 6.40 –0.24 ... 56.95 17.82 Stratasys SSYS ... dd 24.04 +0.22 ... 6.25 3.08 TrueCar TRUE ... 6 3.73 –0.03 ... 20.87 10.85 Vonage VG ... dd 20.82 +0.06 ...
90.20 36.89 ScientificGames SGMS ... 33 61.30 –2.27 ... 63.62 8.41 VorBiopharma VOR ... dd 9.12 –1.46 ...
38.84 17.68 RadNet RDNT ... 43 28.16 +1.50 ... 22.29 11.33 SciPlay SCPL ... 14 12.40 +0.40 ... 96.73 52.67 StrategicEd STRA 4.1 36 58.02 –0.59 .60 158.25 69.74 Trupanion TRUP ... dd 100.26 –8.76 ...
42.19 24.93 Radware RDWR ... cc 35.19 –0.84 ... 67.28 31.89 Strattec STRT ... 10 39.52 –1.70 ... 41.47 29.78 TrustcoBank TRST 3.9 12 35.52 +0.23 .35 9.15 2.46 VoyagerTherap VYGR ... dd 2.94 +0.14 ...
19.95 1.33 ScopusBio SCPS ... dd 1.39 –0.04 ... 53.33 7.69 Vroom VRM ... dd 8.02 –1.71 ...
23.90 11.04 RainTherap RAIN ... dd 11.93 –0.08 ... 37.59 23.20 StratusProp STRS ... dd 34.48 –0.04 ... 36.31 27.23 Trustmark TRMK 2.6 13 35.25 +0.21 .23
25.78 8.06 Rallybio RLYB ... dd 8.87 –1.04 ...
8.20 3.48 scPharm SCPH ... dd 4.09 –0.76 ...
35.80 10.43 StrongholdDig SDIG ... ... 11.90 –0.64 ... 14.71 4.18 TScanTherap TCRX ... ... 5.05 +0.47 ... 12.17 2.48 WaveLifeSci WVE ... dd 2.63 –0.25 ...
9.98 9.89 ScreamingEagle SCRMU ... ... 9.92 ... ... 5.28 0.80 Tuniu TOUR ... dd 1.36 +0.31 ... 333.42 207.11 WD-40 WDFC 1.2 54 254.76 +13.77 .78
19.99 2.76 RamacoRscs METC 1.6 38 13.95 +0.85 .0567 24.78 14.30 ScrippsEW SSP ... 20 21.54 +1.43 ... 28.00 20.00 SummitFin SMMF 2.6 8 27.63 –0.27 .18 56.13 40.64 WSFS Financial WSFS .9 10 56.06 +0.80 .13
29.89 17.95 Rambus RMBS ... ... 27.96 +0.42 ... 3.44 0.66 SeaChange SEAC ... dd 1.51 +0.03 ... 20.00 11.83 SummitStateBk SSBI 3.0 8 16.08 +0.38 .12 141.30 34.16 TurningPtTherap TPTX ... dd 38.34 –4.61 ...
27.40 17.68 RandolphBancorp RNDB 2.5 9 23.70 –0.35 .15 12.30 2.23 SummitTherap SMMT ... dd 2.39 –0.28 ... 38.70 20.49 TurtleBeach HEAR ... 13 21.43 +0.23 ... 16.79 14.65 WVS Financial WVFC 2.6 24 15.63 –0.27 .10
35.31 9.82 RangerOil ROCC ... dd 31.90 +2.60 ...
40.93 29.28 SeacoastBkgFL SBCF 1.3 19 39.15 +0.99 .13 46.37 11.41 SumoLogic SUMO ... dd 11.87 –0.27 ... 79.84 23.47 TuSimple TSP ... dd 24.62 –3.19 ... 41.13 13.80 WW Intl WW ... 20 14.07 –1.13 ...
36.27 9.24 RaniTherap RANI ... dd 20.67 +4.06 ...
117.67 58.35 Seagate STX 2.6 16 109.20 –1.76 .70 44.13 23.97 SunCountryAir SNCY ... 23 27.59 –0.53 ... 18.16 4.92 23andMe ME ... dd 5.18 –0.98 ... 4.33 0.58 Waitr WTRH ... 19 .63 –0.01 ...
199.00 133.20 Seagen SGEN ... dd 137.09 –6.63 ... 17.07 5.77 57.05 43.62 WalgreensBoots WBA 3.5 7 54.30 +0.46 .4775
27.04 6.39 RapidMicro RPID ... dd 7.28 –1.86 ... 10.56 9.99 SeaportCalibre SCMAU ... ... 10.08 ... ... SunOpta STKL ... dd 5.88 –0.71 ... 16.20 7.86 TwinDisc TWIN ... dd 12.45 +1.00 ... 34.42 15.81 WalkMe WKME ... ... 16.99 –1.05 ...
145.00 72.02 Rapid7 RPD ... dd 96.45 –4.25 ... 10.14 9.72 SeaportCalibreMatl SCMA ... ... 9.86 –0.01 ... 57.52 18.55 SunPower SPWR ... 12 20.16 +0.78 ... 214.07 56.94 TwistBiosci TWST ... dd 59.82 –6.92 ... 50.23 31.50 WarnerMusic WMG 1.5 69 40.27 +0.35 .15
13.23 9.21 RattlerMidstrm RTLR 8.1 15 12.33 +0.23 .25 0.55 0.40 SeaportCalibreMtls SCMAW ... ... .45 –0.05 ... 89.51 29.22 SunRun RUN ... dd 31.81 +0.09 ... 64.00 13.77 2seventybio TSVT ... ... 22.50 –1.39 ... 37.52 25.95 WashingtonFederal WAFD 2.5 16 37.50 +1.49 .23
12.75 4.56 RealGoodFood RGF ... ... 6.87 +0.05 ... 10.25 9.93 SeaportGlblAcqnII SGIIU ... ... 10.00 –0.04 ... 47.99 30.52 SuperMicroComp SMCI ... 22 45.57 +1.49 ... 59.74 15.87 2U TWOU ... dd 16.43 –2.40 ... 60.96 42.43 WashTrBcp WASH 3.6 14 59.73 –0.78 .54
0.85 29.33 20.11 SuperiorGroup SGC 2.2 10 21.81 –0.14 .12 31.36 11.06 TyraBiosciences TYRA ... ... 12.46 +0.41 ...
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

6.66 RealNetworks RNWK ... dd .89 –0.06 ... 11.00 9.67 SeaportGlblAcqnII SGII ... ... 9.85 –0.04 ... 22.74 18.00 WaterstoneFinl WSBF 3.8 6 21.08 –0.69 .50
30.22 9.75 RealReal REAL ... dd 10.67 –1.19 ... 0.60 0.43 SeaportGlbAcqnIIWt SGIIW ... ... .46 –0.14 ... 34.50 23.15 SupernusPharms SUPN ... 20 30.36 +0.63 ... 94.80 53.77 UFP Inds UFPI .9 12 88.60 +0.56 .20 36.69 17.96 WaysideTech WSTG 2.1 17 32.70 +0.45 .17
153.41 25.02 ReataPharm RETA ... dd 28.74 +0.03 ... 22.97 11.86 SeaSpine SPNE ... dd 12.96 +0.31 ... 14.40 4.21 SurfaceOncol SURF ... 14 4.30 –0.19 ... 111.83 68.00 UMB Fin UMBF 1.3 13 111.41 +1.87 .37 34.95 6.10 WeatherfordIntl WFRD ... dd 32.61 +5.19 ...
42.81 13.08 RecursionPharm RXRX ... dd 13.81 –1.99 ... 3.23 0.33 SecooHolding SECO ... ... .36 –0.07 ... 3.27 0.69 Surgalign SRGA ... dd .85 +0.05 ... 23.56 9.20 USA Truck USAK ... 10 20.57 +0.96 ... 64.70 27.30 Weibo WB ... 23 34.24 +0.81 ...
65.07 46.10 RedRiverBcshs RRBI .5 12 53.64 +0.59 .07 26.89 12.78 SecureWorks SCWX ... dd 14.99 –0.86 ... 69.58 27.18 SurgeryPartners SGRY ... dd 47.69 +2.40 ... 18.75 10.53 USCB Financial USCB ... ... 14.74 +0.27 ... 19.90 4.65 Wejo WEJO ... ... 5.45 –0.60 ...
41.34 14.36 RedRobin RRGB ... dd 16.24 –0.78 ... 10.18 7.34 SecurityNatFin SNFCA ... 5 9.40 +0.10 ... 62.27 42.47 Surmodics SRDX ... cc 47.06 +0.23 ... 45.72 28.91 US Ecology ECOL ... dd 31.49 –0.58 ... 3.21 0.48 WejoWt WEJOW ... ... .83 –0.05 ...
58.74 23.04 RedRockResorts RRR .0 35 48.45 –1.97 3.00 86.55 17.50 Seer SEER ... dd 19.59 +0.94 ... 28.30 9.62 SutroBioph STRO ... dd 10.70 +0.23 ... 156.00 111.83 US Lime&Min USLM .5 19 126.00 –2.80 .16 10.04 10.00 WelsbachTech WTMAU ... ... 10.04 +0.01 ...
27.22 5.50 Redbox RDBX ... 64 5.58 –0.86 ... 5.70 2.61 SelectaBiosci SELB ... dd 2.77 –0.14 ... 10.20 9.85 SwiftmergeAcqn IVCPU ... ... 9.99 +0.07 ... 10.28 9.91 UTAAcqnUn UTAAU ... ... 9.99 –0.01 ... 29.46 18.86 Wendy's WEN 1.8 28 23.32 –0.75 .12
4.40 0.48 RedboxWt RDBXW ... ... .70 –0.14 ... 91.46 62.81 SelectiveIns SIGI 1.4 11 79.08 –0.44 .28 17.31 7.47 Synalloy SYNL ... 48 17.30 +0.94 ... 14.20 1.93 uCloudlink UCL ... dd 2.19 –0.06 ... 23.99 8.11 WerewolfTherap HOWL ... dd 8.92 –2.16 ...
98.45 31.31 Redfin RDFN ... dd 32.41 –0.73 ... 27.18 3.87 Sema4 SMFR ... dd 4.04 –0.07 ... 299.39 96.88 Synaptics SYNA ... 77 245.57 –6.52 ... 32.62 13.42 Udemy UDMY ... ... 15.34 +0.64 ... 49.76 38.91 WernerEnterprises WERN 1.0 13 46.45 +0.45 .12
11.52 2.24 RedHillBio RDHL ... dd 2.47 –0.08 ... 12.00 0.70 Sema4Wt SMFRW ... ... .75 –0.01 ... 6.59 2.15 Synchronoss SNCR ... dd 2.24 –0.03 ... 422.43 276.00 UltaBeauty ULTA ... 24 374.48 –22.62 ... 39.87 28.65 WesBanco WSBC 3.5 11 38.24 +0.23 .33
78.78 45.57 RegencyCtrs REG 3.3 39 75.80 +0.06 .625 10.21 10.05 SemperParatus LGSTU ... ... 10.12 –0.04 ... 25.68 13.02 SyndaxPharm SNDX ... dd 18.09 –1.02 ... 65.33 36.58 UltraClean UCTT ... 27 60.34 +6.34 ... 34.50 19.80 WestBancorp WTBA 3.0 12 32.50 +0.80 .24
686.62 441.00 RegenPharm REGN ... 10 615.24 +11.51 ... 9.95 9.75 SemperParatusA LGST ... ... 9.91 –0.02 ... 104.18 69.53 SyneosHealth SYNH ... 38 89.99 –1.81 ... 175.00 68.20 UltragenyxPharm RARE ... dd 72.05 –1.74 ... 66.85 53.24 WestamericaBncp WABC 2.8 18 60.33 +0.77 .42
64.37 25.25 RelayTherap RLAY ... dd 26.29 –0.51 ... 0.51 0.45 SemperParatusWt LGSTW ... ... .48 –0.01 ... 5.11 1.92 Synlogic SYBX ... dd 2.05 –0.13 ... 11.78 4.92 Ultralife ULBI ... 31 5.73 –0.25 ... 10.06 10.02 WesternAcqn WAVSU ... ... 10.02 ... ...
40.00 16.34 RelmadaTherap RLMD ... dd 19.86 –1.05 ... 94.92 57.97 Semtech SMTC ... 50 80.36 +0.29 ... 377.60 217.69 Synopsys SNPS ... 68 326.16 –4.20 ... 22.03 14.49 Umpqua UMPQ 4.0 10 21.16 +0.72 .21 78.19 49.50 WesternDigital WDC ... 14 66.64 +0.81 ...
53.65 14.48 RemitlyGlobal RELY ... dd 15.00 –0.92 ... 62.37 36.23 SenecaFoods A SENEA ... 4 47.92 –0.61 ... 7.89 1.68 SyprisSolutions SYPR ... 47 2.28 –0.08 ... 8.60 2.53 UnicoAmerican UNAM ... dd 3.07 –0.41 ... 9.98 6.31 WestNewEngBncp WNEB 2.2 10 9.15 –0.05 .05
35.71 12.99 Renalytix RNLX ... dd 15.38 +0.42 ... 61.96 37.80 SenecaFoods B SENEB ... 4 48.20 –1.61 ... 15.49 2.60 SyrosPharm SYRS ... dd 2.69 –0.81 ... 37.99 25.05 UnionBankshares UNB 4.2 10 31.34 +1.05 .33 12.95 2.03 WestportFuelSys WPRT ... 26 2.13 –0.20 ...
46.97 32.06 Renasant RNST 2.2 13 40.57 +0.22 .22 14.40 10.55 TCG BDC CGBD 9.1 5 14.14 –0.02 .07 40.49 18.70 uniQure QURE ... 3 20.21 +0.71 ... 25.50 16.70 WeycoGroup WEYS 3.9 15 24.42 +0.81 .24
17.18 5.95 ReneoPharm RPHM ... dd 8.98 +0.33 ... 26.50 4.70 SenseiBiotherap SNSE ... dd 5.24 –0.41 ... 34.45 3.81 TCR2 Therap TCRR ... dd 4.01 –0.12 ... 63.70 38.88 UnitedAirlines UAL ... dd 46.74 –0.57 ...
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

4.05 1.21 ReNewEnergyWt RNWWW ... ... 1.23 –0.14 ... 5.97 2.61 SenstarTech SNT 39.2 7 2.75 +0.07 1.725 18.00 11.03 TelaBio TELA ... dd 12.00 –0.30 ... 37.71 22.70 UnitedBancshares UBOH 2.5 8 32.00 –0.20 .20 54.99 30.01 Willdan WLDN ... dd 31.57 –0.26 ...
15.50 6.58 SeraPrognostics SERA ... dd 8.00 +1.00 ... 47.78 26.32 WillisLease WLFC ... dd 36.20 –0.61 ...
14.08 6.54 ReNewEnergy RNW ... ... 6.72 –0.27 ... 29.90 5.41 SeresTherap MCRB ... dd 8.04 –0.51 ...
21.14 6.39 TFF Pharm TFFP ... dd 7.26 –0.18 ... 42.50 31.57 UnitedBkshrsWV UBSI 3.7 13 39.28 +0.39 .36 271.87 199.78 WillisTowers WTW 1.4 13 229.12 –2.44 .80
117.00 40.27 RenewableEnergy REGI ... 12 45.27 –0.53 ... 22.54 16.95 TFS Fin TFSL 6.2 63 18.16 –0.17 .2825 39.16 27.62 UtdCmtyBks UCBI 2.0 13 39.09 +0.68 .20 12.94 2.58
67.76 42.10 Rent-A-Center RCII 3.0 16 45.25 –1.41 .34 15.39 7.95 ServiceProperties SVC .4 dd 9.43 –0.27 .01 10.43 10.10 TGVentureAcqn TGVCU ... ... 10.23 +0.03 ... 36.40 19.85 UnitedFire UFCS 2.4 47 25.39 +0.54 .15 WiMiHologram WIMI ... dd 2.70 –0.13 ...
2.18 0.93 ServiceSource SREV ... dd 1.10 +0.07 ... 187.35 112.49 Wingstop WING .4 cc 155.00 –8.75 .17
24.77 5.25 RenttheRunway RENT ... dd 5.43 –1.19 ... 6.04 0.70 SesenBio SESN ... dd .79 –0.04 ...
10.00 9.78 TGVentureAcqn TGVC ... ... 9.81 –0.05 ... 18.99 13.68 UnitedGuardian UG 7.7 19 16.85 –0.13 .65 277.99 165.82 Winmark WINA .8 24 224.02 –9.74 .45
45.30 13.97 RepareTherap RPTX ... dd 15.23 –1.43 ... 0.52 0.37 TGVentureAcqnWt TGVCW ... ... .39 –0.05 ... 8.92 6.67 UnitedSecBcshrs UBFO 5.3 16 8.28 +0.12 .11 102.84 60.07 WintrustFin WTFC 1.2 13 102.78 +3.40 .31
327.32 162.29 Repligen RGEN ... 92 193.26 –13.53 ... 10.15 10.00 7Acqn SVNAU ... ... 10.11 +0.02 ... 10.20 10.00 TKBCritTech1 USCTU ... ... 10.11 ... ... 218.38 153.92 UnitedTherap UTHR ... 22 213.96 +15.02 ...
9.97 9.80 7AcqnA SVNA ... ... 9.88 +0.01 ... 7.38 5.13 WisdomTreeInvs WETF 1.9 56 6.39 –0.07 .03
46.64 22.13 Replimune REPL ... dd 23.87 –2.11 ... 9.98 9.77 TKBCriticalTech1 USCT ... ... 9.91 –0.03 ... 14.60 10.07 Uniti UNIT 4.8 93 12.52 –0.52 .15 22.40 3.86 WISeKey WKEY ... dd 3.99 –0.34 ...
57.62 35.60 RepublicBcpKYA RBCAA 2.4 13 52.20 –0.19 .308 0.62 0.46 7AcqnWt SVNAW ... ... .47 –0.04 ... 0.59 0.43 TKBCriticalTech1Wt USCTW ... ... .49 +0.05 ... 31.37 17.20 UnityBancorp UNTY 1.4 9 28.80 –0.70 .10
79.52 1.11 17Educ&Tech YQ ... dd 1.17 +0.02 ... 362.07 133.00 Wix.com WIX ... dd 138.04 –6.79 ...
4.61 2.73 RepublicFirstBncp FRBK ... 13 3.96 +0.07 ... 10.15 9.97 TLGY Acqn TLGYU ... ... 10.09 ... ... 9.78 1.23 UnityBiotech UBX ... dd 1.48 –0.12 ... 130.75 101.28 Woodward WWD .6 37 117.67 +5.63 .1625
11.58 6.80 ReservoirMedia RSVR ... cc 7.03 –0.48 ... 12.81 3.54 Sharecare SHCR ... dd 3.59 –0.36 ... 15.39 1.46 TMCthemetals TMC ... dd 1.53 –0.20 ... 262.77 139.83 UnivDisplay OLED .5 41 164.29 +5.44 .20
3.78 0.40 SharecareWt SHCRW ... ... .57 –0.06 ... 307.81 217.60 Workday WDAY ... cc 254.31 +4.07 ...
2.90 0.72 ReservoirMediaWt RSVRW ... ... 1.25 –0.10 ... 3.49 0.19 TMCtheMtlsWt TMCWW ... ... .23 –0.01 ... 65.02 35.23 UnivElectro UEIC ... 23 39.17 +0.43 ... 265.75 108.00 WorldAcceptance WRLD ... 17 222.63 +11.91 ...
20.16 11.49 ResourcesConnect RGP 3.1 12 18.30 –0.69 .14 59.57 7.02 ShattuckLabs STTK ... dd 7.30 –0.26 ... 150.20 104.10 T-MobileUS TMUS ... 41 108.52 –1.22 ... 27.95 16.62 UnivLogistics ULH 2.3 7 18.32 –0.36 .105 10.75 9.90 WorldwideWebb WWACU ... ... 9.99 –0.11 ...
20.09 13.73 RetailOppor ROIC 2.3 43 19.47 –0.08 .07 61.53 24.36 ShenandoahTel SHEN .3 1 24.39 –1.53 .07 34.99 32.35 TPG TPG ... ... 32.79 +3.29 ... 12.47 6.94 UnivStainless USAP ... dd 8.95 +0.18 ... 9.81 9.70 WorldwideWebbA WWAC ... ... 9.75 –0.01 ...
33.83 12.34 RevanceTherap RVNC ... dd 15.36 –0.88 ... 44.04 20.40 ShoalsTech SHLS ... cc 20.68 –1.19 ... 81.36 12.82 TPIComposites TPIC ... dd 13.17 –0.84 ... 11.99 1.45 UniversePharm UPC ... ... 1.63 +0.03 ... 0.60 0.49 WorldwideWebbWt WWACW ... ... .49 –0.01 ...
10.09 9.86 RevelstoneCapAcqn RCACU ... ... 9.97 +0.03 ... 249.73 91.47 ShockwaveMed SWAV ... dd 166.98 –2.04 ... 224.56 154.20 TRowePrice TROW 2.5 13 174.97 –16.61 1.08 31.59 21.83 UnivestFin UVSP 2.5 9 31.40 +0.02 .20 143.88 76.03 WynnResorts WYNN ... dd 91.47 +6.92 ...
56.18 21.67 RevolutionMed RVMD ... dd 26.21 +3.27 ... 46.21 20.32 ShoeCarnival SCVL .8 7 36.14 –1.91 .07 113.37 73.18 TTEC TTEC 1.1 26 84.43 –1.83 .47 38.50 4.08 UpFintech TIGR ... 24 4.38 +0.05 ...
32.29 26.50 ReynoldsCnsmr REYN 2.9 20 32.06 ... .23 23.19 12.99 ShoreBancshares SHBI 2.3 15 20.78 –0.05 .12 15.89 11.73 TTM Tech TTMI ... 20 15.29 –0.23 ... 53.00 17.35 UplandSoftware UPLD ... dd 20.21 +2.11 ...
43.26
11.25
8.33
5.11
RhythmPharm
RibbonComms
RYTM
RBBN
...
...
dd
23
9.03
5.86
–0.28
–0.25
...
...
54.50
9.14
28.97
2.89
Shyft
Sientra
SHYF
SIEN
.2
...
30
dd
47.00
3.03
–1.39
–0.07
.025
...
3.79 0.40
17.20 6.23
T2Biosystems
Taboola
TTOO
TBLA
... dd
... ...
.42
6.38
–0.05 ...
–0.36 ...
401.49 42.51
64.49 27.65
Upstart
Upwork
UPST ... cc
UPWK ... dd
111.11
28.25
–5.84 ...
–1.26 ...
XYZ
15.76 5.75 RichardsonElec RELL 1.6 21 14.61 –0.43 .06 29.42 21.48 SierraBancorp BSRR 3.1 10 28.01 –0.62 .22 16.20 0.87 TaboolaWt TBLAW ... ... 1.25 –0.06 ... 42.10 26.04 UrbanOutfitters URBN ... 9 28.15 –0.58 ... 44.50 19.40 XOMA XOMA ... dd 22.32 +0.02 ...
5.50 2.27 RigelPharm RIGL ... dd 2.42 –0.10 ... 24.00 13.68 SierraOncology SRRA ... dd 21.02 –0.78 ... 69.31 10.05 TabulaRasaHlth TRHC ... dd 15.02 +0.36 ... 28.20 8.06 UroGenPharma URGN ... dd 8.49 –0.28 ... 53.08 25.82 XP XP ... 27 28.74 +1.00 ...
11.52 5.08 RiminiStreet RMNI ... dd 5.13 –0.33 ... 22.22 13.10 SierraWireless SWIR ... dd 16.47 –0.45 ... 64.53 17.36 TactileSystems TCMD ... 46 17.98 –0.02 ... 8.62 2.83 Usio USIO ... dd 3.62 –0.53 ... 20.75 10.71 XBiotech XBIT .0 dd 11.60 +0.28 2.50
8.22 5.03 RiverviewBncp RVSB 2.8 9 7.88 +0.08 .055 42.57 15.16 SightSciences SGHT ... dd 15.88 –0.02 ... 214.91 138.19 TakeTwoSoftware TTWO ... 32 152.58 –12.02 ... 133.87 81.01 UtahMedProducts UTMD 1.2 24 92.10 +0.74 2.00 4.15 0.95 XcelBrands XELB ... dd 1.13 –0.09 ...
179.47 75.13 Rivian RIVN ... ... 79.95 –6.33 ... 45.00 2.07 SigilonTherap SGTX ... dd 2.20 –0.28 ... 19.82 10.49 TalarisTherap TALS ... dd 10.65 –2.98 ... 2.34 0.75 UTStarcom UTSI ... dd .97 +0.08 ... 72.94 57.23 XcelEnergy XEL 2.7 24 68.97 –0.13 .4575
85.00 14.73 Robinhood HOOD ... dd 15.17 –0.72 ... 372.50 146.10 SignatureBank SBNY .6 26 365.39 –0.32 .56 33.90 3.11 TalisBiomed TLIS ... dd 3.26 –0.05 ... 5.82 0.95 Uxin UXIN ... dd 1.24 –0.04 ... 58.35 30.12 Xencor XNCR ... dd 37.05 –0.92 ...
67.48 17.54 RocketPharm RCKT ... dd 18.77 –1.77 ... 35.00 20.50 SilenceTherap SLN ... dd 21.63 –1.77 ... 12.45 1.47 Talkspace TALK ... dd 1.55 –0.27 ... 2.38 1.56 VEON VEON ... 7 1.60 –0.11 ... 36.42 13.98 XenonPharms XENE ... dd 31.96 +1.46 ...
69.00 28.14 RockyBrands RCKY 1.4 18 43.17 –2.72 .155 44.55 35.61 SilganHoldings SLGN 1.3 14 42.98 +0.55 .14 3.30 0.17 TalkspaceWt TALKW ... ... .20 –0.03 ... 10.18 10.04 VMG Consumer VMGAU ... ... 10.12 +0.02 ... 7.94 1.77 XerisBiopharma XERS ... dd 2.22 –0.34 ...
10.36 4.23 RockyMtnChoc RMCF ... 36 8.31 +0.38 ... 59.27 36.02 Silicom SILC ... 41 47.72 –0.28 ... 10.20 9.95 Talon1Acqn TOACU ... ... 10.15 +0.05 ... 10.29 9.82 VMGConsumerA VMGA ... ... 10.20 +0.35 ... 26.96 17.59 Xerox XRX 4.2 16 23.82 +0.12 .25
16.76 5.80 RoivantSciences ROIV ... dd 7.95 –0.60 ... 211.98 120.15 SiliconLab SLAB ... dd 187.31 –1.22 ... 10.04 9.87 Talon1AcqnA TOAC ... ... 9.94 –0.03 ... 0.57 0.50 VMGConsumerWt VMGAW ... ... .55 +0.05 ... 239.79 111.84 Xilinx XLNX .7 62 198.45 +5.38 .37
2.69 0.58 RoivantSciencesWt ROIVW ... ... 1.68 –0.07 ... 96.89 47.50 SiliconMotion SIMO 1.7 23 92.00 –0.05 .50 0.49 0.41 Talon1AcqnWt TOACW ... ... .43 –0.03 ... 44.45 7.28 VNET VNET ... dd 9.24 +0.50 ... 27.95 8.52 XilioTherap XLO ... dd 14.52 +0.20 ...
490.76 159.76 Roku ROKU ... 82 167.48 –12.93 ... 67.49 34.81 SilkRoadMed SILK ... dd 36.09 –3.52 ... 155.86 76.19 TandemDiabetes TNDM ... cc 120.76 –10.53 ... 27.78 8.51 VOXX Intl VOXX ... dd 10.52 +0.94 ... 97.57 40.38 Xometry XMTR ... dd 54.34 –1.22 ...
24.95 2.51 Root ROOT ... dd 2.69 –0.17 ... 63.41 4.68 SilverbackTherap SBTX ... dd 4.91 –0.59 ... 18.84 8.07 TangoTherapeutics TNGX ... dd 8.64 –0.49 ... 65.42 34.03 VSE VSEC .7 84 57.86 –1.13 .10 14.63 2.36 Xos XOS ... dd 2.46 –0.15 ...
10.05 9.77 RoseHillAcqn ROSE ... ... 9.92 –0.01 ... 17.66 13.17 SilvercrestAsset SAMG 4.0 14 17.04 +0.14 .17 19.25 1.46 TarenaIntl TEDU ... dd 1.81 –0.10 ... 13.20 0.65 VyneTherap VYNE ... dd .69 –0.33 ... 4.55 0.30 XosWt XOSWW ... ... .34 –0.05 ...
10.20 9.74 RoseHillAcqn ROSEU ... ... 10.10 –0.07 ... 33.43 24.33 SimmonsFirstNat SFNC 2.3 13 31.91 –0.17 .18 10.01 9.91 TargetGlobal I TGAAU ... ... 9.97 –0.02 ... 11.00 6.90 Vacasa VCSA ... ... 7.65 –0.40 ... 25.03 17.19 Xperi XPER 1.1 14 18.35 –0.33 .05
0.52 0.35 RoseHillAcqnWt ROSEW ... ... .39 –0.06 ... 90.92 36.90 SimulationsPlus SLP .5 95 47.40 –2.46 .06 46.62 20.08 TarsusPharm TARS ... dd 20.75 –2.08 ... 17.99 7.50 Vaccitech VACC ... ... 9.95 –1.80 ... 11.22 1.81 Xunlei XNET ... 20 1.92 +0.03 ...
134.22 100.56 RossStores ROST 1.1 23 102.27 –2.72 .285 39.60 22.44 SinclairBroadcast SBGI 2.6 16 30.25 +1.40 .20 85.49 26.66 TaskUs TASK ... ... 40.70 –5.40 ... 10.15 9.90 VahannaTechI VHNAU ... ... 10.09 +0.04 ... 50.70 11.48 Y-mAbsTherap YMAB ... dd 12.12 –1.92 ...
9.93 9.75 RothCHAcqnV ROCL ... ... 9.79 –0.01 ... 33.37 7.38 SingularGenomics OMIC ... dd 7.76 –1.80 ... 10.44 4.88 TatTechnologies TATT ... dd 6.44 –0.14 ... 9.95 9.87 VahannaTechI A VHNA ... ... 9.87 ... ... 87.11 50.27 Yandex YNDX ... dd 52.34 –2.30 ...
10.16 9.67 RothCHAcqnVUn ROCLU ... ... 10.03 –0.11 ... 3.60 1.16 SioGeneTherap SIOX ... dd 1.20 –0.07 ... 33.35 9.00 TayshaGene TSHA ... dd 9.53 –1.25 ... ... ... VahannaTechI Wt VHNAW ... ... .37 ... ... 15.24 4.49 Yellow YELL ... dd 11.16 +0.22 ...
1.68 0.49 RothCHAcqnVWt ROCLW ... ... .52 ... ... 8.14 5.75 SiriusXM SIRI 1.4 78 6.18 –0.02 .022 111.44 63.76 TechTarget TTGT ... cc 85.00 +0.75 ... 15.04 10.02 ValleyNatlBncp VLY 2.9 14 15.02 +0.33 .11 53.77 40.70 YorkWater YORW 1.7 36 45.68 –0.76 .1949
15.59 6.64 Rover ROVR ... dd 6.96 –1.31 ... 341.77 75.81 SiTime SITM ... cc 239.85 –3.00 ... 15.32 9.93 Ericsson ERIC 1.3 16 11.36 +0.32 .1139 67.84 24.16 Valneva VALN ... dd 37.44 –2.46 ... 4.45 0.50 Yunji YJ ... ... .59 ... ...
129.69 92.01 RoyalGold RGLD 1.4 25 99.53 +0.24 .35 10.21 10.01 SizzleAcqn SZZLU ... ... 10.10 –0.03 ... 48.35 25.03 Telesat TSAT ... ... 25.90 –2.78 ... 21.86 13.45 VandaPharm VNDA ... 25 15.00 –0.38 ... 5.95 0.85 Ziopharm ZIOP ... dd .95 –0.05 ...
53.23 34.86 RoyaltyPharma RPRX 1.9 21 39.66 –0.60 .19 61.16 36.35 SkyWest SKYW ... 35 41.63 +0.40 ... 41.84 12.92 Telos TLS ... dd 13.65 –0.07 ... 32.65 18.22 VarexImaging VREX ... 72 29.08 –0.85 ... 193.54 48.15 ZaiLab ZLAB ... ... 49.78 –5.30 ...
38.71 6.75 RubiusTherap RUBY ... dd 8.82 –0.70 ... 204.00 142.00 Skyworks SWKS 1.4 17 155.65 +1.44 .56 208.99 98.74 10xGenomics TXG ... dd 104.00 –23.79 ... 75.33 37.85 VaronisSystems VRNS ... dd 38.90 –4.97 ... 38.21 19.33 ZealandPharma ZEAL ... dd 21.38 –0.30 ...
14.05 11.84 RunwayGrowthFin RWAY 7.6 12 13.20 –0.13 .25 151.44 71.03 SleepNumber SNBR ... 9 72.55 –4.47 ... 58.45 35.32 Tenable TENB ... dd 48.96 –0.51 ... 3.17 1.62 VascularBiogenics VBLT ... dd 1.70 –0.10 ... 615.00 380.64 ZebraTech ZBRA ... 34 528.00 –2.86 ...
60.89 39.21 RushEnt A RUSHA 1.3 15 56.68 –1.32 .19 4.16 1.73 SmartSand SND ... dd 2.08 +0.04 ... 32.00 9.25 TenayaTherap TNYA ... dd 10.00 –3.55 ... 15.48 2.20 VastaPlatform VSTA ... dd 4.10 +0.07 ... 87.19 34.48 ZentalisPharm ZNTL ... dd 67.54 –2.23 ...
58.01 36.20 RushEnt B RUSHB 1.4 15 54.50 –1.09 .19 10.00 1.20 SmartShareGlbl EM ... dd 1.99 +0.23 ... 168.91 104.05 Teradyne TER .2 31 164.57 +6.30 .10 29.29 15.51 Vaxcyte PCVX ... dd 19.43 –4.36 ... 135.00 81.79 ZiffDavis ZD ... 26 108.17 +1.09 ...
28.73 16.45 RuthsHospitality RUTH 2.4 23 20.23 +0.46 .12 16.08 1.97 SmileDirectClub SDC ... dd 2.25 +0.14 ... 28.36 5.52 TernsPharm TERN ... dd 5.85 –0.25 ... 22.77 5.11 Vaxxinity VAXX ... dd 6.44 +0.75 ... 212.40 52.31 Zillow A ZG ... dd 54.65 –0.55 ...
19.67 8.80 RxSight RXST ... ... 11.12 +2.15 ... 39.61 14.50 Smith&Wesson SWBI 1.8 3 17.46 –0.17 .08 30.04 23.18 TerritBanc TBNK 3.7 12 25.12 –0.33 .10 37.70 2.74 VectivBio VECT ... dd 4.90 –0.06 ... 208.11 52.57 Zillow C Z ... dd 55.35 –1.33 ...
127.25 94.68 Ryanair RYAAY ... dd 117.86 +1.87 ... 24.50 13.14 SnapOne SNPO ... dd 18.35 +1.11 ... 1243.49 539.49 Tesla TSLA ... cc 1049.61 +22.65 ... 32.40 18.22 VeecoInstr VECO ... 97 31.99 +4.21 ... 11.70 9.84 ZimmerEnergy ZTAQU ... ... 9.96 +0.01 ...
17.40 2.93 SoYoungIntl SY ... 38 3.08 +0.04 ... 9.25 5.08 TesscoTech TESS ... dd 6.51 +0.01 ... 26.74 3.98 VelodyneLidar VLDR ... dd 4.15 –0.08 ... 9.90 9.58 ZimmerEnerA ZT ... ... 9.69 –0.11 ...
12.66
STUVW 28.26
24.99 14.64
SoFiTech
Sohu.com
SOFI
SOHU
...
...
dd
1
13.20
17.18
–0.54
+0.72
...
...
192.91 116.01
93.26 54.27
TetraTech
TexasCapBcshs
TTEK
TCBI
.5 35
... 15
147.82
66.86
–5.11 .20
+0.85 ...
11.00 0.75
26.00 13.95
VelodyneLidarWt
VentyxBiosciences
VLDRW ... ...
VTYX ... ...
.92
15.73
+0.10 ...
+0.56 ...
2.60
71.21
0.80
43.64
ZimmerEnerWt
ZionsBancorp
ZTAQW
ZION
...
2.2
...
10
.87
70.65
–0.40
+0.56
...
.38
16.69 6.12 SolGelTech SLGL ... dd 7.51 –0.20 ... 202.26 161.67 TexasInstruments TXN 2.5 24 187.01 +7.57 1.15 3.44 1.17 VenusConcept VERO ... dd 1.80 +0.20 ... 23.69 11.03 Zogenix ZGNX ... dd 15.93 –0.47 ...
35.80 25.04 S&T Bancorp STBA 3.4 12 33.82 –0.03 .29 389.71 199.33 SolarEdgeTech SEDG ... 96 253.83 +4.92 ... 110.75 73.20 TexasRoadhouse TXRH 1.8 29 87.29 –2.93 .40 13.62 7.76 VeraBradley VRA ... 14 8.34 +0.04 ... 451.77 156.88 ZoomVideo ZM ... 42 159.72 –11.88 ...
391.15 232.88 SBA Comm SBAC .7 cc 326.27 –21.64 .58 11.58 1.35 SolidBiosci SLDB ... dd 1.40 –0.18 ... 33.36 15.63 TheBancorp TBBK ... 18 32.12 +4.84 ... 37.11 11.30 VeraTherap VERA ... dd 19.99 –1.15 ... 79.17 37.86 ZoomInfoTech ZI ... cc 51.44 –1.06 ...
10.25 4.90 SCYNEXIS SCYX ... dd 6.05 –0.28 ... 14.85 7.06 SolidPower SLDP ... ... 8.30 +0.59 ... 2.75 0.33 TherapeuticsMD TXMD ... dd .35 –0.04 ... 86.03 28.42 Veracyte VCYT ... dd 30.34 –3.24 ... 7.34 1.15 Zovio ZVO ... dd 1.37 +0.07 ...
65.22 52.12 SEI Investments SEIC 1.2 17 62.65 –0.68 .40 6.98 0.55 SolidPowerWt SLDPW ... ... 2.01 –0.04 ... 22.74 6.10 TheravanceBio TBPH ... dd 9.88 –3.08 ... 4.93 1.73 Verastem VSTM ... dd 1.80 –0.09 ... 376.11 157.03 Zscaler ZS ... dd 254.74 –6.79 ...
37.21 18.48 SI-BONE SIBN ... dd 22.66 +1.80 ... 14.72 8.83 SomaLogic SLGC ... dd 9.31 –0.62 ... 24.54 8.65 TheseusPharm THRX ... ... 11.73 +1.90 ... 54.32 35.71 VerintSystems VRNT ... dd 53.60 +1.28 ... 55.10 36.33 Zumiez ZUMZ ... 9 43.39 –3.15 ...
9.82 5.66 SIGA Tech SIGA ... 35 6.99 –0.04 ... 15.09 1.70 SomaLogicWt SLGCW ... ... 2.57 –0.27 ... 30.50 24.51 ThirdCoastBcshs TCBX ... 22 25.00 –0.76 ... 257.03 184.60 VeriSign VRSN ... 42 226.48 –11.23 ... 52.00 5.18 Zymergen ZY ... dd 5.49 –0.20 ...
21.40 12.03 SLM SLM 2.1 6 20.78 +0.44 .11 47.49 7.19 Sono SEV ... dd 7.59 –1.06 ... 8.50 1.01 36Kr KRKR ... dd 1.02 –0.02 ... 231.57 159.79 VeriskAnalytics VRSK .6 46 198.15 –8.50 .29 9.00 2.49 ZynerbaPharma ZYNE ... dd 2.63 –0.06 ...
20.05 17.12 SLR Invt SLRC 8.7 11 18.86 –0.12 .41 44.72 25.22 Sonos SONO ... 23 27.81 –0.87 ... 10.13 5.20 ThorneHealthtech THRN ... dd 6.41 +0.27 ... 45.36 24.52 Veritex VBTX 1.9 18 43.07 +0.85 .20 18.92 7.69 Zynex ZYXI .0 32 8.14 –0.33 .10
19.80 11.54 SophiaGenetics SOPH ... dd 14.13 +1.33 ... 34.43 22.12 Thoughtworks TWKS ... dd 23.07 –1.02 ... 50.34 16.45 Veritone VERI ... dd 18.15 –1.45 ... 12.32 5.57 Zynga ZNGA ... dd 8.96 +2.96 ...
January 17, 2022 BARRON’S 63

Top 500 Exchange-Traded Portfolios


Tick Div Tick Div Tick Div Tick Div Tick Div
NOTICE TO READERS: Listed Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt.
InvsBull22HYCpBd BSJM 3.3 23.19 +0.05 .052 CnsStapleSelSector XLP 2.3 77.03 –0.39 .5117 InvscNatAMTFrMuni PZA 2.4 26.79 –0.11 .0509 iShTIPSBondETF TIP 4.4 125.91 –0.32 .7862 SPDR PtfTIPS SPIP 4.7 30.63 –0.09 .1853
are the top 500 ETF’s based InvscDWAMom PDP ... 85.23 –1.85 ... DimenIntlCore DFAI 2.0 29.86 +0.20 .1793 InvscPreferred PGX 5.6 14.77 –0.01 .056 iSh10+YIGCpBd IGLB 3.3 67.15 –0.35 .1833 SPDRS&PBank KBE 2.0 60.41 +1.13 .3596
on weekly volume. InvscKBWBank KBWB 1.9 75.54 +0.82 .4817 DimenUSCore DFAU 1.0 32.36 –0.07 .1209 InvscS&P500EW RSP 1.3 161.58 –0.19 .4538 iShChinaLC FXI 1.5 38.12 +1.49 .4343 SPDRS&PGlbNatRes GNR 3.2 57.80 +2.01 1.1638
InvscNasdNext100 QQQJ .3 31.02 –0.50 .2279 DimenUSCoreEq2 DFAC 1.2 28.53 –0.07 .1138 InvscS&P500HiBeta SPHB .9 79.52 +0.78 .1581 iShRussellMCGrowth IWP .3 104.13 –2.37 .0168 SPDRS&PInsurance KIE 1.9 41.33 +0.19 .2171
Tick Div InvscNasd100 QQQM .4 156.28 +0.01 .1488 DimenUSTargVal DFAT 1.4 48.52 +0.54 .3088 InvscS&P500HiDiv SPHD 3.4 46.49 +0.35 .1365 iShUSTech IYW .3 108.66 +0.24 .1152 SPDRS&PRegionalBkg KRE 1.8 78.78 +1.51 .3949
Name Sym Yld Last Chg. Amt. InvscQQQI QQQ .4 380.01 +0.15 .4914 DimenWorldexUS DFAX 2.8 26.54 +0.31 .2436 InvscS&P500LowVol SPLV 1.6 66.57 –0.94 .1013 iSh0-5YHYCorpBd SHYG 4.9 45.12 +0.11 .1782 SPDRSSgAUltraShrt ULST .5 40.27 –0.03 .0176

Bats InvscS&PSCEner PSCE .4


iSh3-7YTreasuryBd IEI .7
8.24
127.11
+0.58
–0.23
.0147
.0763
DirexAeroBl3 DFEN
DirexCSIChinaInt CWEB
.1
...
21.61
12.80
+0.96
+0.63
.0017
...
InvscS&P500PrVal RPV
InvscS&P500Qual SPHQ
1.8
1.2
86.41
52.89
+1.62
–0.03
.4409
.172
JPM AlerianMLP
JanusHendMtg
AMJ
JMBS
6.6
1.2
19.73
52.13
+0.68
–0.17
.3484
.0353
SchwabEM Equity SCHE
SchwabFundEmgLrg FNDE
2.8
4.2
30.45
32.18
+0.82
+0.74
.6319
1.1302
iShBiotech IBB .2 138.95 –1.60 .0413 DirexEM Bear3 EDZ ... 8.77 –0.70 ... InvscSrLoan BKLN 3.1 22.20 +0.09 .0561 JanusHenShrtDur VNLA 1.7 49.56 ... .3459 SchwabFundIntLrgCo FNDF 3.4 34.11 +0.71 .8408
ARK AutoTech ARKQ .0 70.75 –2.13 .6142
iShBrdUSDInvCpBd USIG 2.4 58.54 –0.19 .1254 DirexEnergyBr2 ERY ... 8.06 –0.92 ... InvscSolar TAN ... 70.45 –0.30 ... JPMEquityPrem JEPI 6.7 62.19 –0.37 .3824 SchwabFundUSLrgCo FNDX 1.6 59.76 +0.33 .276
ARKGenomicRev ARKG .0 51.58 –2.67 .3824
iShCoreMSCITotInt IXUS 3.1 71.45 +0.62 .0856 DirexEnergyBl2 ERX 1.6 39.90 +3.80 .1854 InvscTaxMuniBd BAB 2.7 32.27 –0.01 .0699 KraneCSIChInt KWEB .0 37.21 +1.07 2.5804 SchwabFundUSSmCo FNDA 1.2 55.32 +0.04 .3409
ArkSpaceExpln ARKX ... 17.55 –0.42 ...
iShCore1-5YUSDBd ISTB 1.6 50.05 –0.13 .0579 DirexChinaBr3 YANG ... 17.64 –2.57 ... InvscUltShtDur GSY .6 50.23 –0.02 .0227 KraneGlbCarbon KRBN .5 51.16 –1.24 .2478 SchwabIntmUSTrsr SCHR 1.0 55.34 –0.10 .0523
BlkRkShMaturityBd NEAR .8 49.93 –0.01 .0196
iShCoreS&PUSGrowth IUSG .6 109.72 –0.78 .1797 DirexChinaBl3 YINN .7 9.35 +1.05 .0136 InvscVarRtPfd VRP 4.3 25.84 +0.02 .0901 MatlsSelSectorSPDR XLB 1.7 88.80 –0.50 .4417 SchwabIntEquity SCHF 3.2 39.11 +0.16 .853
BlkRkUltShtBd ICSH .4 50.36 –0.02 .015
iShCoreS&PUSValue IUSV 1.8 77.27 +0.09 .3826 DirexFinlBear3 FAZ ... 16.76 +0.30 ... InvscWildClnEngy PBW 1.9 64.24 –2.22 .5529 MicroFang3xLvg BULZ ... 23.97 +0.18 ... SchwabIntlSC SCHC 3.1 40.41 +0.06 1.0061
FTCboeVestBf BUFR ... 23.88 +0.02 ...
iShCoreTotalUSDBd IUSB 1.8 52.01 –0.17 .0564 DirexFinlBull3 FAS .5 146.77 –2.89 .3575 iSh0-5YTIPSBd STIP 4.2 105.12 +0.01 .616 MicroFANG-3XInvr FNGD ... 41.04 –0.85 ... Schwab1000Index SCHK 1.2 45.34 –0.16 .1621
FTCboeVestFdDpBf BUFD ... 21.17 –0.07 ... iShConsAllocat AOK 1.6 39.37 –0.14 .1719 SchwabSrtTRmUSTrsr SCHO .4 50.64 –0.06 .0131
iShSelectDividend DVY 3.0 127.71 +1.04 .8373 DirexGoldMinBr2 DUST ... 20.05 –1.35 ... MicroSectorsFANG3X FNGU ... 34.25 +0.01 ...
GlbXRuss2000Cvr RYLD 12.3 24.17 –0.01 .2545 iShCoreDivGrowth DGRO 1.9 55.36 –0.31 .299 SchwabUS AggrBd SCHZ 2.2 52.92 –0.19 .0942
iShESGAwareMSCI ESGD 2.7 79.71 +0.18 .1137 DirexGoldMinBl2 NUGT ... 47.67 +2.91 ... MicroSecGold3XLvgd GDXU ... 10.20 +0.96 ...
GlbXUSInfrDevt PAVE .5 27.98 –0.37 .0992 iShGrwthAllocation AOR 1.7 56.36 –0.02 .4065 SchwabUS BrdMkt SCHB 1.2 110.05 –0.47 .4169
iShESGAwareEM ESGE 2.6 40.84 +1.16 .8306 DirexHmbldrBull3 NAIL ... 96.77 +4.76 ... MicroUSBigBk3X BNKU ... 71.00 +0.95 ...
InnovS&P500Jan PJAN ... 32.96 –0.02 ... iShCoreHiDividend HDV 3.4 103.50 +0.67 1.0515 SchwabUS Div SCHD 2.8 81.71 +0.06 .6198
iShESGAwareUSA ESGU 1.1 104.84 –0.58 .309 DirexJrGoldMinBr2 JDST ... 11.46 –0.77 ... MicrUSBigOil3InLv NRGD ... 4.30 –0.96 ...
InvscPureMSCIUSA PBUS 1.0 46.84 –0.20 .1724 iShCoreMSCIEM IEMG 3.0 61.18 +1.35 1.3613 SchwabUS LC SCHX 1.2 110.93 –0.45 .4124
iShESGUSDCorpBd SUSC 2.1 26.70 –0.11 .0507 DirexJrGoldMinBl2 JNUG .6 59.48 +3.45 .3359 MicrUSBigOil3Lev NRGU ... 265.25 +43.26 ...
iPathS&P500VIX VXX ... 18.45 –0.37 ... iShCoreMSCIEurope IEUR 2.9 58.26 –0.13 .0771 SchwabUS LC Grw SCHG .5 153.65 –1.08 .2288
iShFallAngelsUSDBd FALN 3.4 29.51 +0.10 .0882 DirexRgBanksBull3X DPST .4 67.67 +3.78 .0667 NationwideN100Risk NUSI 8.1 26.74 –0.11 .1791
iShBrdUSDHYCpBd USHY 5.1 40.80 +0.13 .1736 iShMSCIIntlDev IDEV 3.0 67.73 +0.24 .081 SchwabUS LC Val SCHV 1.9 73.66 –0.14 .4105
iSh5-10YIGCorpBd IGIB 2.3 58.21 –0.17 .1171 DirexRetailBull3 RETL .3 28.73 –3.94 .0754 PGIMUltraShBd PULS 1.2 49.46 –0.04 .0635
iShCoreMSCIEAFE IEFA 3.3 74.79 +0.18 .1097 iShCoreS&P500 IVV 1.2 466.75 –1.35 1.4984 SchwabUS MC SCHM 1.2 78.29 –0.42 .262
iShGSCICmDynRoll COMT 16.8 32.64 +1.00 5.4941 DirexS&P500Br3 SPXS ... 17.41 +0.14 ... PIMCO ActiveBd BOND 2.6 107.81 –0.23 .23
iShCurrHdgMSCIEAFE HEFA 3.1 35.30 –0.14 .6012 DirexS&P500Bl3 SPXL .1 133.94 –1.43 .1148 iShCoreS&P MC IJH 1.2 277.30 –0.93 .9656 PIMCOEnhShMaturity MINT .4 101.42 –0.02 .0377 SchwabUS REIT SCHH 1.6 49.81 –0.73 .336
iShGlbCleanEnergy ICLN 1.3 19.45 –0.21 .0123
iShCurrHdgMSCIEM HEEM 1.9 30.27 +0.58 .0158 DirexS&PBiotechBr3 LABD ... 33.85 +1.87 ... iShCoreS&P SC IJR 1.5 113.49 +0.33 .7343 PIMCO1-5USTIPSIdx STPZ 3.7 54.69 +0.01 .21 SchwabUS SC SCHA 1.2 99.15 –0.59 .2914
iShJPMUSDEmgBd EMB 4.0 104.93 –1.65 .357
iShIntlSelDividend IDV 5.5 32.96 +1.04 .302 DirexS&PBiotechBl3 LABU ... 25.30 –2.08 ... iShS&PTotlUSStkMkt ITOT 1.2 104.20 –0.45 .3675 PacerData&Infr SRVR 1.3 38.39 –1.56 .1121 Schwab US TIPs SCHP 4.5 61.31 –0.18 .5256
iShMBSETF MBB 1.1 105.88 –0.41 .0189
iShUSHomeConstrn ITB .4 76.69 +1.44 .0681 DirexS&P500Br1 SPDN ... 14.34 +0.03 ... iShCoreUSAggBd AGG 1.8 112.17 –0.32 .1618 PacerTrendUSBd PTBD 2.7 26.64 +0.10 .1966 SPDR DJRlEst RWX 4.7 34.71 –0.08 .9244
iShMSCI ACWI ACWI 1.7 104.47 +0.19 .0713
iShUSTelecomm IYZ 2.5 32.40 –0.13 .0888 DirexHiBetaBear3X HIBS ... 8.00 –0.28 ... iShCoreUS REIT USRT 2.4 64.96 –0.43 .5888 ProShBitcoin BITO ... 27.17 +0.76 ... SPDR DJIA Tr DIA 1.6 359.14 –3.17 .6639
iShMSCIACWIxUS ACWX 2.7 56.13 +0.53 .0855
iShEdgeMSCIMinEAFE EFAV 2.5 74.83 –0.75 .6341 DirexS&POil&GasBr2 DRIP ... 3.90 –0.53 ... iShUSRealEstate IYR 2.2 109.29 –1.57 1.1373 ProShShtMSCI EM EUM ... 12.40 –0.29 ... SPDR EurSTOXX FEZ 2.6 47.00 +0.08 .5717
iShMSCIACxJpn AAXJ 2.2 84.36 +1.63 1.5458 iShUS Energy IYE 2.6 34.45 +1.61 .2802 SPDR MSCI exUS CWI 2.6 29.69 +0.35 .4556
iShEdgeMSCIMinUSA USMV 1.3 77.58 –0.97 .2504 DirexS&POil&GasBl2 GUSH ... 116.66 +12.52 ... ProShShortQQQ PSQ ... 11.31 –0.01 ...
iShMSCIChina MCHI 1.0 63.68 +1.69 .4775 iShUS Finls IYF 1.2 90.16 –0.48 .2777 SPDR S&PMdCpTr MDY 1.0 506.71 –1.81 1.4875
iShEdgeMSCIUSAMom MTUM .6 172.15 –2.34 .4449 DirexSemiBear3 SOXS ... 3.48 –0.32 ... ProShShtRus2000 RWM ... 21.62 –0.04 ...
iShMSCI EAFE SC SCZ 3.0 72.20 –0.09 .0641 iShUSOilEquip&Svcs IEZ 1.0 15.72 +1.02 .0335 SPDR S&P 500 SPY 1.2 464.72 –1.37 1.6364
iShEdgeMSCIUSAQual QUAL 1.3 138.91 –1.40 .4073 DirexSemiBl3 SOXL .0 64.48 +4.74 .0142 ProShShrtS&P500 SH ... 13.90 +0.03 ...
iShMSCIEMxChina EMXC 1.7 62.21 +1.29 .0425 iShUSRegionalBanks IAT 1.7 69.28 +1.23 .3981 SPDR S&P Biotch XBI .0 100.49 –2.50 .04
iShEdgeMSCIUSAVal VLUE 2.1 114.92 +2.07 .7395 DirexScBear3 TZA ... 29.93 +0.68 ... ProShSh20+Tr TBF ... 16.68 +0.01 ...
iShMSCIEuropeFinls EUFN 3.9 21.56 +0.53 .4143 iShUSMedDevices IHI .3 61.45 –0.73 .0061 SPDR S&P Div SDY 2.6 130.58 –0.17 .9698
iShExpTechSftwr IGV ... 357.04 –5.74 ... DirexSCBull3 TNA .1 75.24 –1.91 .0504 ProShUltBlmCrude UCO ... 104.08 +10.27 ...
iShMSCITurkeyETF TUR 3.8 20.69 +0.79 .0915 iShEuropeETF IEV 2.8 54.60 –0.02 .0643 SPDR S&P Home XHB .6 78.88 –0.83 .1308
iShMtgRealEstCap REM 7.2 35.02 +0.05 1.1406 DirexTechBear3 TECS ... 31.89 –0.16 ... ProshUltBlmNatGas BOIL ... 32.65 +4.69 ...
iSh1-5YIGCorpBd IGSB 1.7 53.52 –0.10 .089 iShGlobalREITETF REET 3.3 29.57 –0.15 .3384 SPDR S&P MtlMng XME .7 46.98 +0.91 .083
iShFloatingRateBd FLOT .4 50.70 +0.01 .0171 DirexTechBull3 TECL ... 74.12 –0.37 ... ProShUltDow30 DDM .2 78.11 –1.42 .1091
iShPfd&Incm PFF 4.5 38.62 –0.01 .1235 iShGoldTr IAU ... 34.54 +0.39 ... SPDRS&POilGasExpl XOP 1.4 110.99 +6.29 .4876
iShIntlAggregateBd IAGG .1 54.10 –0.03 .6317 Direx20+TreaBr3 TMV ... 61.23 +0.08 ... ProShUltraQQQ QLD ... 81.08 –0.02 ...
iShGlobalInfra IGF 2.4 48.23 +0.57 .4738 iShGoldTrMicro IAUM ... 18.16 +0.21 ... SPDR S&P Retail XRT 1.7 83.63 –3.55 .9329
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

iShMSCIChileCapped ECH 5.0 25.15 +1.49 .0885 Direx20+YrTrBull TMF .1 24.80 –0.13 .0016 ProShrUltraRus UWM ... 51.42 –0.87 ...
iShSemiconductor SOXX .6 535.16 +13.92 .1545 iShiBoxx$InvGrCpBd LQD 2.4 129.16 –0.56 .239 TechSelectSector XLK .7 165.76 –0.17 .3165
iShMSCIEurozone EZU 2.4 49.37 ... .5996 EmgqEM Internet EMQQ ... 41.77 +0.81 ... ProShUltraS&P SSO .2 69.99 –0.50 .0192
iShShortTreaBd SHV ... 110.37 –0.03 ... iShiBondsDec2024Cp IBDP 1.9 25.82 –0.05 .0376 U.S.GlobalJetsETF JETS .0 22.24 +0.03 .1414
iShMSCIGlbMet&MnPr PICK 5.5 45.96 +1.90 .0576 ETFMGAltHarvest MJ 2.0 10.85 –0.02 .0736 ProShUltSilver AGQ ... 33.55 +1.81 ...
iSh1-3YTreasuryBd SHY .2 85.17 –0.12 .0319 iShiBondsDec2022Cp IBDN 1.7 25.13 ... .0379 UtilitiesSelSector XLU 2.9 69.40 –1.01 .5456
iShMSCIEAFEGrowth EFG 1.6 104.67 –2.32 .1252 ETFMGPrmJrSilv SILJ .4 12.11 +0.55 .0449 ProShUltDow30 UDOW .3 81.62 –2.27 .0163
iSh7-10YTreasuryBd IEF .9 112.58 –0.16 .1059 iShiBoxx$HYCpBd HYG 4.1 86.09 +0.22 .2815 VanEckBDCIncm BIZD 8.0 17.60 +0.10 .3611
iShMSCIIndiaETF INDA 6.1 48.02 +0.89 .0301 ElemntsRogrAgri RJA ... 9.31 +0.59 ... ProShUltRus2000 URTY ... 89.83 –2.37 ...
iSh20+YTreasuryBd TLT 1.6 142.10 –0.16 .1842 iShIntRtHdgCorpBd LQDH 1.7 95.41 –0.21 .1301 VanEckEMHYBd HYEM 5.5 21.71 –0.40 .1108
iShMSCIEAFEValue EFV 3.8 53.33 +1.29 .1056 EnSelectSectorSPDR XLE 3.6 64.51 +3.17 .695 ProShUltS&P500 UPRO .1 71.23 –0.79 .0303
iSh0-5YInvGrdCpBd SLQD 1.5 50.76 –0.08 .0634 iShLatinAmerica40 ILF 8.0 24.81 +1.23 1.6089 VanEckGoldMin GDX 1.7 30.97 +0.96 .5348
iSh25+YTrStrip GOVZ 1.9 20.97 +0.01 .0455 FidelityMSCICnDisc FDIS .6 84.28 –1.44 .169 ProShUltShtDow30 SDOW ... 26.91 +0.72 ...
Nasdaq7HANDL HNDL 7.0 25.32 –0.21 .1493 iShMSCIAustralia EWA 5.1 24.60 –0.02 .2194 VanEckInvtGrFR FLTR .6 25.31 +0.01 .0114
iShUSTreasuryBdETF GOVT 1.0 26.00 –0.05 .0237 FidelityMSCIEn FENY 3.2 17.61 +0.89 .138 ProShShtRus2000 SRTY ... 46.65 +1.05 ...
PrinUSMega USMC 1.6 43.44 –0.25 .1987 iShMSCIBrazil EWZ 9.5 29.11 +1.84 .1609 VanEckJPMEMLCBd EMLC 5.2 28.66 +0.18 .1235
JPMBetaEurope BBEU 2.6 59.85 –0.12 .5334 FidelityMSCIFinls FNCL 1.7 58.22 –0.36 .269 ProShUltS&P500 SPXU ... 13.21 +0.01 ...
PrinUSSCMulti PSC 1.5 46.70 –0.21 .2963 iShMSCICanadaETF EWC 1.8 39.13 +0.82 .478 VanEckJrGoldMin GDXJ 1.8 40.47 +1.23 .7454
JPMBetaJapan BBJP 2.9 55.31 +0.41 1.5902 FidelityMSCIIT FTEC .7 128.05 –0.44 .257 ProShUltBloomCrd SCO ... 10.52 –1.25 ...
ProShUltPrQQQ TQQQ ... 71.87 –0.16 ... iShMSCI EAFE EFA 3.3 79.00 +0.23 .1631 VanEckOilSvcs OIH .8 228.21 +16.33 1.8075
JPM UltShtIncm JPST .7 50.47 –0.01 .0246 FidelityRealEst FREL 2.5 32.79 –0.48 .203 ProShUltShBlmGas KOLD ... 44.63 –11.07 ...
ProShUltShtQQQ SQQQ ... 33.50 –0.20 ... iShMSCIEmgMarkets EEM 1.9 50.11 +1.22 .026 VangdExtMkt VXF 1.2 173.04 –2.05 .7573
JPMUltShMuni JMST .3 50.95 –0.06 .0135 FidelityMSCIUtils FUTY 2.8 44.98 –0.60 .303 ProShUltDow30 DXD ... 41.39 +0.74 ...
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

TuttleCapSht SARK ... 43.05 +1.86 ... iShMSCIFranceETF EWQ 3.8 39.24 –0.13 1.0371 VangdInfoTech VGT .7 433.47 –1.39 .8212
PacerUSCashCows100 COWZ 1.4 48.41 +0.77 .2783 FidelityTotalBdETF FBND 1.9 52.19 –0.11 .076 ProShUltShtQQQ QID ... 16.99 –0.22 ...
ValkyrieBitcoin BTF ... 16.81 +0.49 ... iShMSCIGermanyETF EWG 1.9 33.34 +0.23 .0358 VangdSC Grwth VBK .4 258.18 –5.67 .3727
ProShS&P500Arist NOBL 1.9 97.39 –0.73 .6336 FinSelSectorSPDR XLF ... 40.83 –0.34 ... ProShUltShRus2000 TWM ... 13.88 –0.03 ...
VanEckFallAngelHY ANGL 4.0 32.41 +0.06 .1007 iShMSCIHongKong EWH 2.7 23.93 +0.51 .2541 VangdSC Val VBR 1.7 180.84 +0.90 1.1822
ProShShtVIXST SVXY ... 61.25 +0.40 ... FT DJ Internet FDN ... 208.07 –3.03 ... ProShUltShtS&P500 SDS ... 36.80 +0.20 ...
VanEckSemicon SMH ... 306.91 +10.02 ... iShMSCIIndonesia EIDO 1.3 23.66 +0.31 .1632 VangdDivApp VIG 1.6 166.78 –2.26 .7725
ProShUltVIXST UVXY ... 12.28 –0.39 ... FT EnergyAlpDx FXN .8 13.48 +0.65 .0628 ProShUltraSh20+ TBT ... 18.27 +0.02 ...
VangdEM GovBd VWOB 4.2 74.92 –0.87 .2531 iShMSCIIntlQual IQLT 2.3 38.74 –0.30 .403 VangdEnergy VDE 3.6 90.05 +4.53 .9393
ProShsVIXSTFut VIXY ... 15.08 –0.30 ... FT FinlsAlpDx FXO 1.8 48.46 +0.40 .2996 QuadIntRtVol IVOL 4.0 26.29 –0.18 .1269
VangdGlblxUS RE VNQI 6.5 53.48 –0.01 2.8949 iShMSCIIntlValue IVLU 3.0 27.20 +0.82 .0546 VangdExDurTreas EDV 2.1 133.11 –0.29 .6836
VanEckHYMuni HYD 3.5 61.74 –0.28 .1738 FT MngstrDiv FDL 3.5 36.89 +0.40 .4277 RealEstSectorSPDR XLRE 2.8 48.29 –0.98 .4254
VangdIntrCorpBd VCIT 2.3 91.09 –0.24 .7693 iShMSCIItaly EWI 2.6 33.50 +0.28 .4518 VangdFTSEDevMk VEA 3.2 51.23 +0.19 .7693
VanEckMstrWdMoat MOAT 1.1 76.93 +1.04 .8227 FT NaturalGas FCG 1.5 19.95 +1.26 .1514 RoundhillBallMeta META ... 13.97 –0.16 ...
VangdIntermTrmTrea VGIT 1.2 65.56 –0.09 .0613 iShMSCIJapan EWJ 2.1 67.23 +0.56 .8881 VangdFTSE EM VWO 2.6 50.69 +1.29 .478
FT NA Energy Infra EMLP 3.2 25.53 +0.23 .1933 SPDRBlackSrLoan SRLN 4.4 45.84 +0.19 .17
VanEckRussia RSX 6.1 24.87 –1.08 1.5232 VangdIntlDivApp VIGI 1.0 82.87 –0.74 5.1817 iShMSCIMalaysiaETF EWM 6.5 25.08 +0.42 .782 VangdFTSE Europe VGK 3.0 68.29 –0.16 .6781
FT PfdSecs FPE 4.5 20.25 +0.05 .0802 iShMSCIMexico EWW 2.0 51.27 +0.51 .6577 SPDRBlmCvSecs CWB 2.1 79.22 –0.48 .6581 VangdFTSE Pac VPL 3.2 78.26 +0.55 1.4707
VangdESGUSStk ESGV 1.0 84.56 –0.58 .2624 VangdIntlHiDiv VYMI 4.1 70.40 +1.57 .9642 FT TCWUnPlBd UCON 2.2 26.20 –0.05 .0418 iShMSCINetherlands EWN 1.0 49.35 –0.07 .1807 SPDRBlmEMLocBd EBND 3.8 24.38 +0.12 .0773 VangdFinls VFH 1.8 100.46 –0.60 .5099
VangdUltShrtBd VUSB .3 49.89 –0.02 .0219 VangdLTCorpBd VCLT 3.2 102.23 –0.55 .277 FT ValDivFd FVD 1.8 42.94 –0.04 .2317 iShMSCIPacificxJp EPP 4.6 47.97 +0.39 .2947 SPDR Blm HY Bd JNK 4.3 107.51 +0.31 .3864 VangdFTSEAWxUS VEU 3.0 62.01 +0.67 .8454
VangdLong-TermTrea VGLT 1.9 85.93 –0.18 .1373
NASDAQ
FlexGlbUpstmNatRsc GUNR 3.4 42.03 +1.40 .4042 iShMSCISaudiArabia KSA 1.5 44.26 +2.36 .0176 SPDRBlmIntTrBd BWX .9 28.08 +0.25 .0224 VangdGrowth VUG .5 301.14 –3.07 .469
VangdMBS VMBS 1.0 52.08 –0.20 .0535 FrankFTSEBrazil FLBR 8.5 18.12 +1.12 .1106 SPDRBlmInvGrdFR FLRN .4 30.60 +0.02 .0096
iShMSCISingapore EWS 5.9 21.60 +0.37 1.0032 VangdHlthCr VHT 1.2 251.22 –1.26 .8182
VangdRuss1000Grw VONG .6 74.07 –0.71 .1251 GlbXCopperMiners COPX 1.4 39.72 +2.16 .3852 SPDRBB1-10YTIPS TIPX 4.3 20.81 –0.03 .1772
CSX-LinksCrudeOil USOI 21.5 5.34 +0.03 .1491 VangdRuss1000Val VONV 1.7 74.38 +0.10 .3719
iShMSCISthKorea EWY 2.2 77.28 –0.25 1.6785 VangdHiDiv VYM 2.7 114.65 +0.10 .9386
GlbXLithium&Batt LIT .2 83.26 +2.24 .1476 iShMSCISpain EWP 3.2 27.21 +0.41 .4353 SPDRBlm1-3MTB BIL ... 91.43 ... ... VangdIntermBd BIV 2.0 86.04 –0.17 1.1096
CSX SilverETN SLVO 15.2 5.07 +0.16 .0642 VangdRuss2000 VTWO 1.2 86.43 –0.66 .4745 GlbX MLP MLPA 7.9 38.71 +1.20 .725 iShMSCISweden EWD 5.6 44.96 –0.96 1.2041 SPDRBlmSTHYBd SJNK 4.2 27.09 +0.09 .1192 VangdLC VV 1.2 214.64 –0.91 .7559
FidelityNasdaq ONEQ .6 58.04 –0.22 .109 VangdRuss2000Val VTWV 1.6 145.74 +0.32 1.0669 GlXMSCIChinaCnDisc CHIQ ... 25.69 +0.87 ... iShMSCISwitz EWL 1.8 51.08 –0.94 .9149 SPDRDoubleTRTact TOTL 3.1 46.87 ... .2032 VangdLT Bond BLV 3.0 99.22 –0.38 .4563
FT CapStrength FTCS 1.1 80.92 –1.11 .2821 VangdSTCpBd VCSH 1.6 80.70 –0.16 .2816 GlbXS&P500Cv XYLD 8.6 50.65 +0.25 .4577 iShMSCITaiwan EWT 2.1 67.41 +1.27 1.7603 SPDRGoldMini GLDM ... 18.06 +0.22 ... VangdMegaGrwth MGK .4 246.35 –1.92 .2758
FT CloudComp SKYY .9 95.45 –2.05 .6773 VangdShtTmInfltn VTIP 4.7 51.07 +0.01 .9582 GlbXSilverMiners SIL 1.7 35.05 +1.07 .4064 iShMSCIUSAESGSelct SUSA 1.0 102.31 –0.82 .2868 SPDR Gold GLD ... 169.67 +1.92 ... VangdMegaVal MGV 2.1 108.81 +0.22 .6572
FT EnhShtMat FTSM .4 59.79 +0.01 .017 VangdShortTermTrea VGSH .4 60.57 –0.09 .2039 GlblXSuperDividend SDIV 8.7 12.58 +0.08 .1317 iShMSCIUK EWU 4.2 34.58 +0.60 .8757 SPDRNuvBBHYMuni HYMB 3.2 59.38 –0.20 .1575 VangdMC VO 1.2 244.15 –1.86 .9203
FT GlTactCommod FTGC 6.9 23.98 +0.58 1.6622 VangdTotalBd BND 1.9 83.31 –0.25 .13 GlbX US Pfd PFFD 5.2 25.35 ... .109 iShMSCIWorldETF URTH 1.5 133.00 –0.19 .0766 SPDRNuveenMuniBd TFI 1.7 51.15 –0.22 .0176 VangdMCGrowth VOT .4 230.46 –4.88 .3369
FT LowDurOpp LMBS 2.0 49.81 –0.01 .0775 VangdTotIntlBd BNDX 3.1 54.77 –0.01 .0339 GlbX Uranium URA 5.8 23.04 –1.17 1.309 iShNatlMuniBd MUB 1.8 115.22 –0.56 .1686 SPDRNuveenSTMuni SHM .8 48.85 –0.18 .0467 VangdMC Val VOE 1.8 152.39 +0.65 .8561
FT NasdCleanEdge QCLN .0 63.54 –0.05 .0069 VangdTotIntlStk VXUS 3.1 64.08 +0.56 .9412 GSTreasury0-1Y GBIL ... 100.02 –0.02 ... iShRussell1000Gwth IWF .5 288.30 –2.51 .4007 SPDRPtfAggBd SPAB 2.1 29.15 –0.08 .0505 VangdRealEst VNQ 2.7 109.47 –1.56 1.0531
FT NasdCybersec CIBR .6 48.71 –0.57 .2807 WisdTrUSQltyDiv DGRW 1.8 65.22 –0.08 .2035 GSActiveBetaEM GEM 3.0 37.46 +0.42 .20 SPDRPtfDevxUS SPDW 3.0 36.53 +0.14 .5981
iShRussell1000 IWB 1.1 257.83 –1.01 .7801 VangdS&P500ETF VOO 1.3 427.23 –1.36 1.5329
FTRisingDivAch RDVY 1.0 52.46 +0.58 .1712 GSActiveBetaIntlEq GSIE 2.4 35.08 –0.02 .1326 SPDRPtfEM SPEM 3.1 42.53 +1.02 .9491
iShRussell1000Val IWD 1.6 169.53 +0.27 .7162 VangdST Bond BSV 1.2 80.30 –0.13 .2215
FT SMID CapRising SDVY 1.1 30.59 +0.17 .1247
NYSE ARCA GSActiveBetaUSLC GSLC 1.1 92.39 –0.49 .3137 iShRussell2000Gwth IWO .3 270.61 –5.51 .2828 SPDR PtfHYBd SPHY 5.2 26.34 +0.08 .1092 VangdSC VB 1.3 219.76 –1.17 1.0908
FT SrLoanFd FTSL 3.2 48.05 +0.15 .1475 HartfordMultiDvxUS RODM 4.4 30.31 +0.15 .7274 SPDRPtfIntermCpBd SPIB 1.6 35.72 –0.08 .0467
iShRussell2000 IWM 1.0 214.31 –1.76 .6655 VangdTaxExemptBd VTEB 1.7 54.40 –0.22 .0694
FT TCW Opp FIXD 1.6 52.31 –0.14 .065 ARKInnovationETF ARKK .0 80.24 –4.18 .7826 HartfordTRBd HTRB 2.5 38.98 –0.14 .1366 SPDR PtfIntTrea SPTI .5 31.58 –0.05 .0174
iShRussell2000Val IWN 1.5 166.61 +0.50 .9023 VangdTotalStk VTI 1.2 235.02 –1.09 .8592
GlbXAuto&Elc DRIV .3 31.09 +0.52 .0567 ARK NextGen ARKW .0 102.53 –4.23 3.3143 HealthCareSelSect XLV 1.4 134.07 –0.28 .5275 SPDRPtfLTCorpBd SPLB 3.1 30.39 –0.17 .0725
iShRussellMid-Cap IWR 1.1 80.05 –0.59 .2568 VangdTotlWrld VT 1.8 106.12 +0.12 .785
GlbXCloudComp CLOU ... 23.83 –0.35 ... AberdStdPhysGold SGOL ... 17.44 +0.21 ... IndSelSectorSPDR XLI 1.2 105.85 –0.64 .385 iShRussellMCValue IWS 1.4 122.11 –0.05 .5127 SPDRPtfLgTermTrea SPTL 1.7 40.50 –0.07 .0604 VangdValue VTV 2.1 149.81 +0.39 .9031
GlbX Cybersec BUG ... 29.11 –0.41 ... AberdStdPhySilv SIVR ... 22.10 +0.60 ... InvscChinaTech CQQQ ... 60.87 +1.68 ... iShRussellTop200Gr IWY .5 164.90 –1.09 .2256 SPDRPtfMtgBkdBd SPMB 2.6 24.99 –0.11 .0527 WisdTrEMxSOE XSOE 1.3 37.39 +0.78 .0405
GlbXFinTech FINX 6.1 35.44 –1.68 2.1631 AdvShPureUSCan MSOS .0 24.34 –0.11 .07 InvscDBComm DBC ... 21.78 +0.54 ... iShS&PMC400Growth IJK .5 80.53 –1.16 .134 SPDRS&P500Value SPYV 2.1 42.50 +0.06 .2552 WisdTrFRTrea USFR .0 25.11 +0.01 .0021
GlbXNasd100Cv QYLD 10.6 21.90 +0.09 .4994 AlerianMLPETF AMLP 7.7 36.35 +1.28 .76 InvscDBAgriFd DBA ... 19.94 +0.10 ... iShS&P500Growth IVW .5 79.44 –0.49 .0927 SPDRPtfS&P1500 SPTM 1.3 57.24 –0.16 .2094 WisdTrGlbxUSQual DNL 1.4 42.59 –0.30 .0024
GlbX Robotics&AI BOTZ .2 32.18 –1.72 .0593 AmplifyBlackSwan SWAN .3 33.27 –0.20 1.6748 InvscDBBaseMet DBB ... 22.73 +0.20 ... iShGlobalEnergyETF IXC 3.5 31.72 +1.73 .6681 SPDRPtfS&P500 SPLG 1.3 54.63 –0.19 .2031 WisdTrIndiaEarn EPI 1.1 38.61 +0.85 .192
InvscActMgdETC PDBC 48.5 14.74 +0.37 1.7574 AmpCWPEnhDiv DIVO 4.9 37.64 –0.37 .1528 InvscDBOilFund DBO ... 14.65 +0.61 ... iShS&P500Value IVE 1.8 158.54 +0.13 .7615 SPDRS&P500Growth SPYG .7 68.76 –0.46 .1228 WisdTrJapanHdg DXJ 2.5 64.84 +0.88 1.1098
InvscBull2024CpBd BSCO 1.9 21.71 –0.03 .0641 AmplifyTransData BLOK 15.3 37.55 +0.19 5.7502 InvscDBUSDBull UUP ... 25.50 –0.16 ... iShrsSP GSCI Cmdty GSG ... 18.32 +0.67 ... SPDRS&P500HiDiv SPYD 3.5 44.20 +0.48 .1276 WisdTrUSEff NTSX .9 42.77 –0.32 .1006
InvsBull24HYCpBd BSJO 4.1 24.86 +0.10 .0756 ArkFinInnov ARKF ... 35.02 –1.45 ... InvscEMSovDebt PCY 5.0 25.17 –0.46 .1052 iShS&PMC400Value IJJ 1.6 112.51 +0.88 .5087 SPDRPtfS&P400MC SPMD 1.3 48.71 –0.15 .1054 XtrkrsHarvCSI300 ASHR .9 37.45 –0.74 .3453
InvscBull2023CpBd BSCN 1.6 21.40 –0.02 .0823 AvantisUSSCValue AVUV 1.2 82.39 +1.18 .4834 InvscFinlPfd PGF 4.7 18.59 +0.05 .0709 iShS&PSC600Value IJS 1.5 106.48 +0.73 .4942 SPDRPtfS&P600SC SPSM 1.4 44.26 +0.12 .27 XtrkrsMSCIEAFE DBEF 2.3 39.20 –0.17 .239
InvsBull23HYCpBd BSJN 3.6 25.21 +0.08 .0664 CommSvsSPDR XLC .7 76.56 +0.12 .1567 InvscFTSERAFIEM PXH 4.5 22.64 +0.45 .4604 iShShortNatlMuniBd SUB .7 106.82 –0.30 .0408 SPDRPtfSTCpBd SPSB 1.0 30.82 –0.07 .0695 XtrkS&P500ESG SNPE 1.1 41.76 –0.10 .1524
InvscBull2022CpBd BSCM 1.6 21.37 –0.01 .0827 CnsmrDiscSelSector XLY .6 196.52 –2.96 .2922 InvscFundHYCpBd PHB 3.4 19.22 +0.02 .0507 iShSilver SLV ... 21.20 +0.58 ... SPDRShtTermTrea SPTS .2 30.31 –0.05 .0056 XtrkrsUSDHYCorpBd HYLB 4.5 39.49 +0.11 .0707
64 BARRON’S January 17, 2022

Preferred Stock Listings


Includes preferred like and Net Net Net Net Net Net Net
repackaged securities Stock Div Yld Close Chg Stock Div Yld Close Chg Stock Div Yld Close Chg Stock Div Yld Close Chg Stock Div Yld Close Chg Stock Div Yld Close Chg Stock Div Yld Close Chg
Net FG Fin Pfd A .50 8.3 24.19 –0.56 XomaPfdA .5391 8.3 26.03 0.30 BankofAmPfd4 .2556 3.9 25.75 0.38 DigitalBrdgPfdH .4453 7.1 25.17 0.05 GlMedREIT PfdA .4688 7.1 26.25 –0.05 NiSourcePfdB .4063 6.0 27.14 0.02 SiriusPoinPfdB .50 7.3 27.47 –0.07
Stock Div Yld Close Chg FifthThirdPfdB .375 5.8 25.86 –0.32 XomaPfdB .5234 8.0 26.05 ... BankofAmPfdE .2556 4.0 25.05 –0.09 DigitalBrdgPfdI .4469 7.0 25.48 ... GlbNetLeasePfdA .4531 7.0 26.03 –0.03 NuSTAR PfdA .5313 8.4 25.19 0.25 SouthJerseyNts2079 .3516 5.5 25.76 –0.03
FifthThirdPfdB .422 6.1 27.76 0.30 ZionsBancorpPfdG .3938 6.0 26.42 0.13 BankofAmPfdGG .375 5.6 26.59 0.09 DigitalBrdgPfdJ .4453 6.9 25.90 –0.12 GlbNetLeasePfdB .4297 6.6 26.20 0.02 NuSTAR PfdB .4766 8.5 22.39 0.25 SouthernNts20 .3094 4.7 26.46 –0.06
NYSE AMER FifthThirdPfdI .4141 5.9 28.20 ... ZionsBncpPfdA .2528 4.1 24.96 –0.11 BankofAmPfdHH .3672 5.6 26.32 –0.04 DillardsCapPfd .4688 7.2 26.13 –1.72 GlobalPtrsPfdA .6094 9.2 26.54 0.24 NuSTAR PfdC .5625 8.9 25.36 0.31 SouthernNts2020C .2625 4.2 25.01 –0.41
FifthThirdPfdK .3094 4.7 26.42 0.18 BankofAmPfdKK .3359 5.0 26.82 0.11 DriveShackPfdB .6094 9.5 25.59 0.49 GlobalPtrsPfdB .5938 8.9 26.83 0.04 NuSTARLogNts .4383 7.1 25.45 0.18 SouthernNts77 .3281 5.0 26.03 0.08
NYSE
BancroftFdPfdA .3359 5.3 25.55 0.18
FirstCitizenPfdC ... 26.74 –0.25 BankofAmPfdL .2556 4.0 25.20 0.20 DriveShackPfdC .5031 8.0 25.00 0.01 GlbShipNts24 .50 7.7 25.85 0.01 OaktreeCapPfdA .4141 6.3 26.37 –0.01 SpirePfdA .3688 5.4 27.20 0.23
BluerockREITPfdC .4766 7.5 25.50 0.10
FirstCitizensPfdA .3359 5.1 26.25 0.19 BankofAmPfdL 18.125 5.0 1451.23 33.23 DriveShackPfdD .5234 8.3 25.10 0.30 GlShipLeasePfdB .5469 8.4 25.95 0.14 OaktreeCapPfdB .4094 6.2 26.50 0.11 SpiritRealtyPfdA .375 5.9 25.63 0.16
BluerockResPfD .4453 7.1 25.25 ... AcresCmclPfdC .5391 8.4 25.59 0.29
FirstGuarantyPfdA .4219 6.4 26.28 0.24 BankofAmPfdLL .3125 4.8 26.19 –0.05 DuPont pfA .875 3.7 94.06 –0.29 GlobeLifeDeb2061 .2656 4.1 25.86 0.31 PNC Fin PfdP .3828 6.0 25.42 –0.33 StateStreetPfdD .3687 5.4 27.33 0.29
cbdMD PfdA .0667 13.1 6.10 0.35 ACRESCmclPfdD .4922 7.8 25.16 0.12
FirstInternetNt29 .375 5.7 26.11 –0.01 BankofAmPfdPP .2578 4.1 24.89 –0.08 DuPont pfB 1.125 4.2 105.99 –2.00 GoldmanSachsPfA .2396 3.9 24.69 –0.13 PSBusParksPfdX .3281 5.1 25.81 0.20 StateStreetPfdG .3343 4.7 28.70 0.24
EllsworthPfdA .3281 5.2 25.44 –0.12 AG Mortgage PfdC .50 8.1 24.83 ...
FirstMidBncpPfdC .4375 6.4 27.54 –0.22 BankofAmPfdQQ .3276 4.3 24.96 –0.11 DukeEnerDeb78 .3516 5.3 26.56 0.19 GoldmanSachsPfC .2556 4.1 25.01 –0.09 PSBusParksPfdY .325 5.0 26.02 0.34 SteelPtrsPfdA .375 6.3 23.78 –0.05
GAMCOGlbGoldPfB .3125 5.0 25.12 –0.08 AG Mortgage PfdB .50 8.1 24.70 –0.04
FirstMidwestPfdA .4375 6.3 27.75 0.06 BkofAmericaPfdNN .2734 4.4 24.89 –0.24 DukeEnergyPfdA .3594 5.3 27.29 0.33 GoldmanSachsPfD .2556 4.1 25.01 –0.05 PSBusParksPfdZ .3047 4.6 26.60 0.05 SterlingBncpPfdA .4063 6.3 25.78 –0.17
GabelliPfdB .50 3.9 51.22 –0.04 AG Mortgage PfdA .5156 8.1 25.35 0.08
Franchise7.5%PfdA .4688 7.1 26.37 –0.06 BankHawaiiPfdA .2735 4.3 25.51 –0.07 DynagasLNG PfdB .5469 8.6 25.44 0.22 GoldmanSachsPfJ .3438 5.2 26.67 0.09 PartnerRePfdJ .3047 4.5 26.89 0.19 StifelFinlPfdB .3906 5.9 26.51 0.07
GabelliPfdA .475 3.9 48.58 0.03 AT&T Nts 2066 .3344 5.2 25.70 –0.27
FultonFinlPfdA .3203 4.9 25.94 0.05 BectonDicknsnPfB .75 5.5 54.58 1.38 DynagasLNG PfdA .5625 8.8 25.63 –0.12 GoldmanSachsPfK .3984 5.6 28.26 0.28 PebblebrookPfdE .3984 6.4 25.05 0.05 StifelFinlPfdC .3828 5.7 26.79 –0.18
HowmetAeroPfd .9375 5.0 75.00 0.89 AT&T Nts 2067 .3516 5.3 26.30 –0.33
GarrettMotionPfdA ... 8.08 –0.04 BostonSciPfdA 1.375 4.6 120.15 5.26 DynexCapPfdC .4313 6.6 26.12 0.32 GranitePointPfdA .151 2.3 25.90 0.13 PebblebrookPfdF .3938 6.3 25.00 –0.09 StifelFinlPfdD .2813 4.5 24.80 –0.16
IndxPlus 03-1 .7565 5.0 30.23 0.36 AT&T PfdA .3125 4.8 26.02 –0.11
GladstonePfdE .138 6.2 26.52 –0.13 BraemarHtlsPfd .3438 6.7 20.49 0.24 EPR PropPfdC .3594 5.6 25.60 –0.33 GreatAjaxNts24 .4531 7.0 25.74 1.76 PebblebrookPfdG .3984 6.1 26.28 0.78 StifelFinNts47 .325 5.0 26.06 0.67
PG&E6%Cum.Pfd. ... 28.80 –0.40 AT&T PfdC .2969 4.6 25.59 –0.08 BraemarHtlsPfdD .5156 8.1 25.56 0.19 GreenBrickPfdA ... 25.79 –0.47 Strats Allst GJT .0177 1.0 20.68 –0.03
GladstonePfdG .125 5.6 26.69 0.34 EPR PropPfdG .3594 5.7 25.39 –0.30 PebblebrookPfdH .3562 5.6 25.34 0.77
PacGE pfB ... 26.85 –0.20 AXIS CapPfdE .3438 5.5 25.22 0.04 BrightSphereNts31 .3203 5.1 25.26 ... HartfordFinDeb42 .4922 7.7 25.51 0.02 Strats Dom GJP .0616 3.1 24.49 0.02
GladstoneNts2028 .3047 4.8 25.45 –0.25 EPR PropPfdE .5625 6.4 35.00 ... PA Reit Pfd D .4297 .0 7.31 –0.55
PacGE pfD ... 24.99 0.58 AberdeenIncmPfdA .3281 4.9 26.70 –0.10 BrookfieldBRP Nts .2891 4.7 24.42 –0.11 HartfordFinPfdG .375 5.5 27.25 0.30 Strats GSG GJS .0199 1.1 21.41 0.11
GladstonePfdB .125 5.8 25.83 –0.16 EaglePointNts27 .4219 6.7 25.24 –0.24 PA Reit Pfd B .4609 .0 8.24 –0.30
PacGE pfE ... 24.40 –0.58 AegonNts2049 .3187 4.9 26.12 –0.09 BrookfldBRP4.875Nt ... 25.40 –0.31 HeclaMiningPfB .875 5.8 60.00 3.00 Strats PG GJR .0164 .8 23.78 0.23
GladstonePfdD .1042 4.9 25.70 ... EaglePointPfdC .1354 6.3 25.71 0.29 PennREITPfdC .45 .0 8.01 –0.67
PacGE pfG ... 24.23 0.71 AffiliatedMgrDeb .3672 5.5 26.74 0.14 BrookfieldDTLAPf 2.25 .0 11.01 –0.20 HerculesCapNts33 .3906 5.8 26.80 ... Strats USC GJH .3187 6.0 10.65 –0.09
GreatElmNts24 .4108 6.5 25.17 –0.03 EaglePointNts28 .418 6.6 25.25 –0.17 PennyMacMtgPfA .5078 7.8 26.19 0.38
PacGE pfH ... 22.50 –0.75 AffiliatedNts60 .2969 4.6 25.98 –0.03 BrookfieldFinNts .2813 4.7 24.12 –0.36 Hersha Pfd E .4063 7.0 23.25 0.27 Strats WlMrt GJO .0146 .7 23.58 –0.12
GreatElmNts25 .4266 6.7 25.36 0.06 EaglePointNts31 .4219 6.4 26.50 0.10 PennyMacPfdB .50 7.7 25.91 0.28
PacGE pfI ... 24.62 1.11 AgreeRealtyPfdA .0885 4.4 23.92 –0.03 BrookfieldFinNts .2891 4.7 24.70 –0.24 HershaHospPfdC .4297 7.2 24.00 0.40 SummitHotelPfdE .3906 6.1 25.60 0.20
GreatElmNts26 .3672 5.8 25.50 –0.01 EaglePointPfdB .1615 7.7 25.28 –0.16 PennyMacPfdC .5203 6.7 25.15 0.14
PlymouthREITPfdA .4688 7.1 26.34 0.24 AirLeasePfdA .3844 5.9 26.17 –0.03 BrookfieldNts2081 .3125 5.0 24.95 0.10 HershaHospPfdD .4063 7.0 23.30 0.54 SummitHotelPfdF .4406 5.8 25.34 –0.06
GreenidgeGenNt ... 23.80 –0.04 EaglePointPfdD .1406 6.7 25.21 0.21 PitneyBowesNt43 .4187 6.6 25.27 0.08
PowerREIT PfdA .4844 7.4 26.10 ... AlabamaPwrPfdA .3125 4.8 25.87 0.16 BrookfldInfrPfdA14 .3125 5.1 24.63 –0.07 HighlandIncmPfdA .3359 5.3 25.60 –0.25 SunstoneHotelPfdI .3562 5.7 24.88 0.07
HancockNts2060 .3906 5.6 27.94 –0.22 EaglePointPfdA .1042 5.0 25.25 –0.58 PPlus GSC-2 .1896 3.1 24.63 –0.13
RegionalHlthPfdA ... 4.40 0.10 AlgonquinNt2079 .3875 5.7 27.03 0.11 BrookfldInfrPfdA13 .3203 5.1 25.02 0.02 HoeghLNG PfdA .5469 9.9 22.00 0.64 SunstonePfdH .3828 5.9 25.99 0.38
HarrowHlthNts26 .5391 8.2 26.45 –0.56 ElPasoEngy pfC .5938 4.7 50.57 0.26 PPlus RRD-1 .7875 6.6 23.73 –0.27
SachemNts2024 .4297 6.8 25.28 –0.01 AlgonquinPwrNt .4297 6.5 26.63 0.05 BrookfdRenewPfdA17 .3281 5.0 26.08 0.08 HorizonTechNts26 .3047 4.7 25.85 –0.10 SynchronyPfdA .3516 5.3 26.54 0.23
HlthcrTrAmerPfdA .4609 7.2 25.49 0.06 EllingtonFinPfdA .4219 6.5 25.86 –0.37 PriorityIncmPfdD .4375 6.9 25.38 –0.01
SachemNts2024 .4453 7.0 25.43 0.11 AllstateDeb .3187 5.0 25.71 –0.09 BrunswickNts2048 .4063 6.1 26.57 0.14 HudsonPacificPfdC ... 25.55 –0.05 SynovusFinPfdD .3938 6.1 26.00 –0.01
HeartlandPfdB .4375 6.3 27.74 –0.31 EllingtonFinlPfdB .204 6.0 26.00 0.79 PriorityIncmPfdF .4141 6.5 25.55 0.03
SachemNts2025 .4844 7.6 25.63 –0.02 HennessyAdvNts ... 25.64 –0.06 AllstatePfdG .3516 5.3 26.31 –0.02 BrunswickNts2049 .3984 5.9 27.00 0.37 EnbridgeNts2078 .3984 6.0 26.55 0.24 InnovativeIndPfdA .5625 7.1 31.65 –0.34 PriorityIncmPfdG .3906 6.1 25.50 –0.05 SynovusFinPfdE .3672 5.4 27.00 –0.02
SachemNts2026 .375 6.0 25.18 0.02 HovnanianPfdA .4766 .0 22.49 –0.35 AllstatePfdH .3187 4.7 26.89 0.20 BrunswickNts2049 .4141 6.2 26.74 0.13 EnergizerPfd. 1.875 8.4 89.44 0.94 InpointCmclREPfdA .4594 6.8 24.90 –0.15 PriorityIncmPfdH .3792 6.0 25.35 0.05 TPG RE FinPfdC .3906 6.6 23.84 –0.02
TellurianNts2028 .4641 8.3 24.70 –0.31 HuntingtonPfdH .2813 4.4 25.31 –0.48 AllstatePfdI .2969 4.5 26.66 0.54 CMSEnerDeb78 .3516 5.4 26.06 0.17 EnerTransferPfdD .4766 7.5 25.53 0.19 IntlSeawaysNts23 .5313 8.0 26.44 0.45 PriorityIncmPfdI .3871 6.1 25.35 0.36 TeekayLNG PfdA .5625 8.9 25.32 –0.01
HuntingtonPfdI .3562 5.5 25.89 –0.04 AltaEquipPfdA .625 8.9 28.18 –1.24 CMSEnerNts2078 .3672 5.5 26.64 0.19 EnerTransferPfdE .475 7.4 25.67 –0.03 InvescoMtgPfdB .4844 7.7 25.25 0.21 PriorityIncmPfdK .4083 6.6 24.73 –0.08 TeekayLNG PfdB .5313 8.2 25.81 –0.43
NASDAQ II-VI 6% Pfd 3.00 4.2 285.60 –7.93 AlteraIPfdB .5313 44.9 4.73 0.34 CMSEnerNts2079 .3672 5.5 26.84 0.10 EnerTransferPfC .4609 7.3 25.15 ... InvescoMtgPfdC .4688 7.4 25.21 –0.21 PriorityIncmFdPfdJ .3792 6.0 25.08 –0.02 Tele&DataPfdUU .4141 6.1 27.07 0.17
AlteraPfdA .4531 45.4 3.99 0.17 CMSEngyPfdC .2625 4.3 24.31 –0.04 iStarPfdD .50 7.7 26.10 0.11 Tele&DataPfdVV .375 5.8 25.89 0.21
AGNC InvPfdC .4375 6.8 25.64 0.17 iMediaBrandsNts ... 22.99 1.24 EntergyBds66 .3047 4.8 25.37 0.02 ProspectCapPfdA .3344 6.1 22.02 0.45
AlteraPfdE .5547 45.8 4.85 0.55 CNOFinDeb2060 .3203 4.9 26.13 0.10 iStarPfdG .4781 7.4 25.67 0.13 TVA Parrs .1385 2.2 25.44 0.01
AGNC InvtPfdD .4297 6.7 25.57 0.28 LevelOnePfdB .4688 6.8 27.70 0.45 EntergyLA Bds66 .3047 4.8 25.28 0.06 PrudentialNt58 .3516 5.3 26.51 –0.13
AmerEqInvLifePfB .4141 6.0 27.52 0.10 CTORealtyPfdA .3984 6.0 26.53 –0.21 iStarPfdI .4688 7.3 25.70 0.16 TVA Bds D .1334 2.1 25.48 0.07
AGNC InvtPfdE .4063 6.4 25.46 0.09 LibertyBroadPfdA .4375 6.1 28.55 –0.41 EntergyMS Bds .3063 4.8 25.39 0.23 PrudentialNts2060 .2578 4.0 25.70 –0.07
AmerEqInvPfdA .3719 5.5 26.82 ... CadenceBkPfdA .3438 5.3 25.85 –0.26 JPMChasePfdEE .375 5.5 27.28 0.11 TerraIncmVI Nts .4375 6.8 25.84 –0.05
AGNC InvtPfdF .3828 6.1 25.10 0.08 LifeMD PfdA .6225 11.4 19.40 0.72 EntergyBds66 .3438 5.4 25.35 –0.09 PublicStoragePfdL .2891 4.4 26.20 0.08
AmerFinDeb2059 .3203 4.8 26.63 0.42 CapitalOnePfdI .3125 4.8 26.09 –0.24 JPMChasePfdJJ .2844 4.5 25.33 –0.34 TerraPropTrInc.6%Ntsdue2026 .3756.0 25.20 0.29
AirTPfd .50 8.3 24.00 0.01 MINDTech9%PfdA .5625 11.8 19.13 0.11 EntergyNOLA Bds .3125 4.9 25.29 0.07 PublicStoragePfdN .2422 3.9 24.80 0.26
AmerFinDeb2060 .3516 5.0 28.13 0.12 CapitalOnePfdJ .30 4.7 25.48 –0.21 JPMChasePfdLL .2891 4.5 25.53 –0.14 TextainerPfdA .4375 6.5 27.08 0.68
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

NavientNts2043 .375 6.0 25.07 –0.08 EntergyTX PfdA .3359 5.1 26.24 ... PublicStoragePfdR ... 24.53 –0.09
AmerFinPfdA .4688 7.0 26.80 –0.20 CapitalOnePfdK .2891 4.6 25.38 –0.05 JPMorganPfdDD .3594 5.3 27.01 0.18 TextainerPfdB .4861 6.1 25.65 0.20
NewYorkMtgPfdD .50 7.8 25.67 0.05 AmFinDeb .2813 4.3 26.35 0.20 EquitablePfdA .3281 5.0 26.17 0.08 PublicStoragePfF .3219 5.0 25.59 0.10
AmFinTrPfdC .4609 6.9 26.84 0.35 CapOneFinlPfdL .2734 4.4 24.87 –0.13 JPMorganPfdGG .2969 4.5 26.14 –0.04 TritonIntlPfdA .5313 7.7 27.59 0.23
NewYorkMtgPfdE .4922 7.8 25.20 –0.23 AmFinDeb2059 .3672 5.4 27.05 0.70 EquitablePfdC .2688 4.3 24.99 0.21 PublicStoragePfG .3156 4.9 25.69 0.14
ArchCapitalPfdF .3406 5.3 25.79 0.12 CapOnePfdN .3601 4.3 24.70 –0.15 JPMorganPfdMM .3558 4.3 24.60 –0.34 TritonIntlPfdB .50 7.4 27.06 0.08
NewYorkMtgPfdF .4297 7.0 24.65 0.09 AmHomes4RentPfdF .3672 5.7 25.75 –0.10 EquityCommonPfdD .4063 5.5 29.70 ... PublicStoragePfH .35 5.2 26.80 0.07
ArchCapitalPfdG .2844 4.4 25.59 0.15 CedarRealtyPfB .4531 7.1 25.37 –0.12 KKR Pfd C .75 3.4 88.00 0.17 TritonIntlPfdC .4609 6.9 26.87 –0.02
NewYorkMtgPfdG .2479 7.0 25.00 0.15 AmHomes4RentPfdG .3672 5.8 25.49 0.03 FNB PfdE .4533 6.6 27.41 0.36 PublicStoragePfI .3047 4.6 26.28 0.14
ArgoBlockchainNts ... 24.50 –0.38 CedarRealtyPfC .4063 6.5 25.06 0.05 KKR Nts 2061 .2891 4.5 25.75 0.03 TritonIntlPfdD .4297 6.4 26.66 0.23
NewtekNts2024 .3594 5.7 25.19 –0.17 AmHomes4RentPfdH .3906 5.8 26.79 0.07 FedAgricMtgPfdC .375 5.6 27.00 –0.10 PublicStoragePfJ .2937 4.5 26.06 0.05
AtlUnionPfdA .43 6.2 27.71 –0.16 CenterspacePfdC .4141 6.3 26.10 –0.15 KKRRealEstFinPfdA .3521 5.5 25.37 ... TritonIntlPfdE .3594 5.5 25.95 –0.12
NewtekNts2026 .3438 5.4 25.70 –0.10 AIG PfdA .3656 5.4 26.95 0.14 FedAgricMtgPfdD .3562 5.4 26.35 0.02 PublicStoragePfK .2969 4.6 26.07 0.02
AtlanticusNts26 ... 25.15 ... CentraisElBrasPf .1726 13.7 5.64 0.28 KeyCorpPfdE .3828 5.1 29.85 –0.05 TruistFinlPfdO .3281 4.7 27.67 0.03
NorthernTrPfdE .2937 4.4 26.48 –0.03 AnnalyCapPfdF .4344 6.9 25.28 ... FedAgricMtgPfdE .3594 5.4 26.55 0.15 PublicStoragePfM .2578 4.1 25.00 0.02
AtlanticusPfdB .4766 7.5 25.50 0.20 AnnalyCapPfdG .4063 6.4 25.27 0.10 CharahNts2026 .5313 8.9 23.90 –0.46 KeyCorpPfdF .3531 5.4 26.39 –0.09 TruistFinPfdI .2528 4.0 25.12 0.01
OFSCapNts2028 .3197 4.8 25.66 –0.04 FedAgricPfdG .3047 4.7 25.78 –0.11 PublicStoragePfP .25 4.0 24.71 0.02
AtlasNts2027 .4453 6.8 26.23 –0.32 AnnalyCapPfdI .4219 6.5 25.95 –0.04 SchwabPfdD .372 5.8 25.69 0.15 KeyCorpPfdG .3516 5.2 26.87 0.10 TruistFinlPfdR .2969 4.5 26.29 –0.08
OceanFirstPfdA .4375 6.4 27.25 –0.50 FedAgricMtgPfdF .3281 5.0 26.33 0.06 PublicStoragePfQ .3703 .0 24.58 0.13
B.RileyNts2024 .4219 6.6 25.55 –0.39 ApolloAssetPfdA .3984 6.3 25.50 0.10 SchwabPfdJ .2783 4.3 25.65 –0.14 KimcoRealtyPfdL .3203 5.0 25.53 0.09 TsakosEnergyPfdD .5469 8.9 24.46 0.65
OfficePropNts2050 .3984 5.9 27.12 0.11 FedRealtyInvPfdC .3125 4.9 25.53 0.13 PublicStoragePfdO .2438 3.9 24.91 0.13
B.RileyNts2025 .3984 6.2 25.66 –0.31 ApolloAssetPfdB .3984 6.0 26.62 0.14 ChathamLodgPfd .4141 6.2 26.84 0.33 KimcoRealtyPfdM .3281 5.1 25.75 0.06 TsakosEnergyPfdE .5781 9.5 24.33 0.41
OntrakPfd .5938 22.1 10.73 0.07 FirstEagleAltNts26 .3125 4.9 25.65 0.05 QVC Nts 2068 .3906 6.1 25.65 –0.07
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

B.RileyNts2026 .3438 5.4 25.50 ... CherryHillPfdA .5125 8.0 25.59 0.13 LXP Ind Pfd C .8125 5.3 61.00 –0.67 TsakosEnergyPfdF .5938 9.7 24.43 0.16
OxfordLaneNts2027 ... 25.00 ... AptivPfdA 1.375 3.3 168.33 –21.15 FirstHorizonPfdB .8281 6.0 27.80 ... QVC Nts2067 .3984 6.2 25.58 0.18
B.RileyNts2028 .375 5.9 25.32 –0.30 CherryHillPfdB .5156 8.1 25.33 0.22 CBTCS 04-6 .7931 10.2 31.23 1.88 TwoHarborsPfdA .5078 7.8 26.11 –0.30
OxfordLaneNts2031 .4219 6.4 26.45 ... ArborRealtyPfdD .3984 6.3 25.15 –0.26 FirstHorizonPfdC .4125 6.0 27.45 –0.05 QwestNts2056 .4063 6.4 25.42 0.12
B.RileyPfdB .4609 6.7 27.41 0.01 ChimeraInvPfdA .50 7.9 25.42 0.08 LumentFinPfdA .4922 7.5 26.30 –0.10 TwoHarborsPfdB .4766 7.5 25.45 –0.44
OxfordLanePfd2024 .1406 6.7 25.33 –0.02 ArborRltyPfdF .4688 6.2 25.24 –0.14 FirstHorizonPfdD .7625 5.7 26.56 –0.07 QwestNts2057 .4219 6.6 25.53 0.08
BRileyFinlNt2026 .1979 5.0 24.99 0.03 ChimeraInvPfdB .50 7.9 25.45 0.18 MFAFinPfdB .4688 7.4 25.37 0.12 TwoHarborsPfdC .4531 7.2 25.12 –0.36
OxfordLanePfd2027 .1302 6.2 25.28 –0.08 ArborRealtyPfdE .3906 6.2 25.00 –0.23 FirstHorizonPfdE .4063 6.0 27.07 –0.16 RLJLodgingPfdA .4875 7.0 27.94 –0.22
BRileyFinlPfdA .4297 6.4 26.80 –0.08 ChimeraInvPfdD .50 7.9 25.44 0.19 MFAFin6.5%PfdC .4063 6.9 23.48 0.03 UMH PropPfdC .4219 6.5 25.91 –0.08
OxfordLanePfd2029 .125 6.0 24.96 –0.01 ArcelorMittalNts .3438 1.6 86.83 5.56 FirstHorizonPfdF .2937 4.6 25.38 0.13 RPTRealtyPfdD .9063 6.1 59.50 ...
B.RileyNts2028 .3063 5.3 24.89 –0.11 ChimeraPfdC .4844 7.7 25.28 0.14 MaidenHldg6.7%PfdD .4187 .0 12.40 0.23 UMH PropPfdD .3984 6.1 26.10 0.26
OxfordSquareNt24 .4063 6.4 25.20 –0.13 ArgoGoupPfdA .4375 6.5 26.84 0.14 FirstRepBkPfd .2937 4.5 26.40 0.18 ReadyCapNts2023 .4375 6.6 26.64 –0.39
BRileyFin6.50%SrNt .4063 6.3 25.89 –0.48 CitigroupPfdJ .4453 6.5 27.37 0.09 MaidenHldgsPfdC .4453 .0 12.23 –0.13 US BancorpPfdA 8.9444 3.8 940.00 –20.00
OxfordSquareNt26 .3906 6.2 25.35 –0.30 ArgoGroupNts42 .4063 6.3 25.83 0.11 FirstRepBkPfdH .3203 5.0 25.49 0.02 ReadyCapNts2026 .3875 6.1 25.44 –0.51
BFC Cap Pfd .45 6.0 30.25 1.65 CitigroupPfdK .4297 6.2 27.76 0.03 MaidenNts43 .4844 8.6 22.54 –0.05 US BancorpPfdB .2236 3.7 24.14 0.29
OxfordSquareNts28 .3438 5.4 25.27 0.02 ArlingtonAssetPfB .4375 7.0 24.85 0.07 FirstRepBkPfdI .3438 5.2 26.60 ... ReadyCapNts2026 .3594 5.6 25.70 –0.13
BankOZKPfdA .32 4.6 25.09 0.12 CitigrpCapXIIIPf .4242 6.2 27.34 –0.14 MaidenNts46 .4141 7.9 20.85 0.23 US BancorpPfdF .4063 6.5 24.99 ...
PeoplesUtdPfdA .3516 5.0 27.99 0.33 ArlingtonAssetPfC .5156 8.2 25.29 0.12 FirstRepBkPfdK .2578 4.2 24.47 –0.14 ReadyCapPfdC .3906 6.2 25.18 –0.02
BlueknightEnerA .1787 8.5 8.44 0.05 CitizensFinPfdD .3969 5.8 27.55 0.19 MaidenHldgsPfdA .5156 .0 10.69 –0.21 US BancorpPfdK .3438 5.1 26.74 0.23
PhenixfinNts2023 .3828 6.0 25.53 0.13 ArlingtonAsstNt25 .4219 6.7 25.20 0.05 FirstRepBkPfdL .2656 4.3 24.60 –0.06 ReadyCapPfdE .4063 6.5 24.85 0.02
BrighthouseDeb58 .3906 5.9 26.38 0.03 CitizensFinPfdE .3125 4.8 26.30 0.13 MechelPfd .008 1.1 1.72 –0.38 US BancorpPfdL .2344 4.0 23.33 0.03
PhenixfinNts2028 ... 25.25 0.08 ArlingtonAsstNt26 ... 24.92 –0.17 FirstRepBkPfdM .25 4.3 23.22 –0.38 RegionsFinPfdB .3984 5.5 28.98 0.41
BrighthousePfdA .4125 6.2 26.42 0.13 CityOfficePfdA .4141 6.6 25.25 –0.41 Metlife pfA .2528 4.0 25.37 0.13 US BancorpPfdM .25 4.0 24.80 0.14
PopularCapPfd .1276 5.9 25.99 0.19 ArmadaHofflerPfA .4219 6.4 26.44 –0.36 FirstRepubBkPfdN .1906 4.4 25.40 0.12 RegionsFinPfdC .3562 5.1 28.16 –0.14
BrighthousePfdB .4219 6.2 27.34 0.23 ClarivatePfdA 1.3125 7.1 73.81 –13.56 MetLifePfdE .3516 5.3 26.59 0.12 USCellularNts2069 .3906 5.8 26.85 –0.13
QurateRetailPfd 2.00 7.6 104.78 1.68 ArmourResPfdC .1458 6.8 25.68 0.07 FordMotor6%Nts .375 5.6 26.81 –0.15 RegionsFinPfdE .2781 4.5 24.90 –0.01
Comcast DECS .3747 2.4 62.51 –0.19 MetLifePfdF .2969 4.5 26.25 –0.16 USCellularNts2070 .3438 5.3 25.85 –0.15
BrighthousePfdD ... 25.33 0.28 RBCBearingsPfdA 1.5417 4.7 106.30 –0.36 AshfordHospPfdG .4609 8.1 22.86 0.38 FordMotor6.2%Nt .3875 5.7 27.25 –0.02 ReinsuranceGrpDeb .3875 6.0 25.90 0.15
CompassPfd .4922 7.2 27.20 –0.27 MidAmerAptPfdI 1.0625 6.9 61.76 –0.75 USCellular5.5%SrNt .3438 5.3 25.86 –0.24
BrighthouseFinlPfC .3359 5.2 26.06 0.32 RamacoNts2026 .5625 8.2 27.31 –0.55 AshfordHospPfdH .4688 8.3 22.50 0.10 FortressTechPfdB .50 7.8 25.49 0.14 ReinsuranceGrpDeb .3594 4.9 29.27 0.22
CompassPfdA .4531 7.1 25.50 –0.30 ModivPfdSeriesA .5326 8.2 25.96 0.06 UnumNts061558 .3906 6.0 26.26 0.20
BroadcomPfdA 20.0 4.2 1890.00 –49.08 SLM Pfd B .4596 3.2 59.34 –0.06 AshfordHospPfdI .4688 8.2 22.76 0.76 FortressTransPfC .5156 7.8 26.50 –0.18 RenaissancePfdF .3594 5.5 26.28 –0.08
CompassPfdC .4922 7.5 26.31 –0.51 MonmouthRE PfdC .3828 6.1 25.25 0.08 Urstadt Pfd H .3906 6.1 25.51 –0.31
BPP 5.75%Pfd3A .3594 6.1 23.39 –0.22 SVB Fin PfdA .3281 5.0 26.40 –0.14 AshfordHospPfdD .5281 8.4 25.24 1.41 FortressTransPfdA .5156 7.9 26.14 0.09 RexfordIndPfdB .3672 5.7 25.84 0.01
ConsumersEnerPf 1.125 4.1 108.90 –0.30 MorganStanleyPfd1 .3984 5.7 27.84 0.12 Urstadt Pfd K .3672 5.8 25.52 –0.26
BrookfieldPropPfd .4063 6.5 25.12 –0.28 Sabre6.5%Pfd 1.625 5.2 124.57 1.01 AshfordHospPfdF .4609 8.0 23.17 0.72 FrankBSP PfdE .4688 7.5 25.10 0.04 RexfordIndPfdC .3516 5.4 26.04 0.13
CorEnergyInfrPf .4609 8.3 22.30 0.88 MorganStanleyPfdA .2639 4.1 24.93 –0.02 VirtusAllCvPfdA .3516 5.3 26.62 0.32
BrookfieldPropPf2A .3984 6.4 24.76 –0.49 SelectiveInsPfdB .2875 4.5 25.51 –0.06 AspenInsPfd .3719 5.5 26.86 0.03 GAMCO PfdA .325 5.1 25.53 ... RiverNorthPfdA .2734 4.4 24.59 0.08
Corts Aon KTN 1.0256 6.5 31.36 0.40 MorganStanleyPfdF .4297 6.2 27.68 0.28 VirtusAllCvPfdA .3438 5.3 26.11 0.11
CHS Pfd .50 6.4 31.07 0.17 SotherlyHotelsPfB .50 .0 17.30 0.29 AspenInsPfd .3516 5.4 26.22 0.01 GDL Fd PfdC .50 3.9 51.13 –0.12 RiverNorthPfdB ... 25.27 0.22
Corts PECO KTH 1.00 6.2 32.07 0.26 MorganStanleyPfdK .3656 5.1 28.62 0.09 VornadoPfdL .3375 5.4 25.21 0.08
CHS PfdB .4922 7.0 27.95 –0.33 SotherlyHotelsPfC .4922 .0 17.30 0.29 AspenInsPfd .3516 5.5 25.79 –0.04 GabelliDivPfdG .3281 5.2 25.12 –0.01 RiverNorthPfdA .3672 5.7 25.62 –0.17
CostamarePfdB .4766 7.4 25.69 –0.31 MorganStanleyPfdL .3047 4.7 26.11 0.16 VornadoPfdN .3281 5.0 26.03 –0.09
CHS PfdB2 .4437 6.4 27.60 0.26 SotherlyHtlsPfd .5156 .0 17.33 0.01 AssdBancPfdE .3672 5.6 26.37 0.18 GabelliDivPfdH .3359 5.1 26.39 –0.26 RoyalBkCanadaPf .4219 6.2 27.28 0.18
CostamarePfdC .5313 8.1 26.33 –0.15 MorganStanleyPfdO .2361 4.3 24.87 ... VornadoRealtyPfdO .3059 4.6 24.38 –0.08
CHS PfdB4 .4688 6.6 28.50 ... SuRoCap6%Nts2026 ... 25.61 –0.14 AssdBancPfdF .3516 5.3 26.78 –0.18 GabelliDivPfdK .2332 4.2 25.09 0.02 SCE III Pfd .3594 5.7 25.31 0.06
CostamarePfdD .5469 8.2 26.69 –0.23 MorganStanleyPfdE .4453 6.4 27.78 0.26 VornadoPfdM .3281 5.1 25.65 0.21
CHS PfdB3 .4219 6.1 27.90 0.30 SynchronossNts2026 .5234 9.0 23.25 –0.44 AssurantNts2061 .3281 4.9 26.93 0.55 GabelliEqPfdG .3125 4.9 25.75 0.11 SCE II Pfd .3187 5.1 25.10 –0.04
CostamarePfdE .5547 8.2 26.91 –0.12 NGL EnergyPfdB .5625 .0 17.54 1.90 VoyaFinlPfdB .3344 4.5 29.41 0.04
CIM CmclPfdL 1.5603 6.3 24.87 0.56 TexasCapBcshsPfdB .3594 5.5 26.38 –0.45 AthenePfdA .3969 5.5 29.09 0.16 GabelliEqPfdJ .3406 5.4 25.12 ... SCE IV Pfd .3359 5.4 25.05 –0.03
Cullen/FrostPfdB .2781 4.4 25.29 0.13 NGLEngyPfdC .6016 .0 17.94 1.57 W.R.BerkleyDeb59 .3187 4.8 26.58 –0.04
CNB Fin PfdA .4453 6.5 27.60 0.20 TravelCtrsNt28 .5156 7.9 26.25 0.15 AthenePfdB .3516 5.3 26.67 0.32 CustomersBncpNt34 .3359 5.1 26.57 –0.18 GabelliEquityPfdK .3125 4.8 26.22 –0.10 NatlRurUtilNt2064 .3438 5.1 26.82 0.20 SCE V Pfd .3406 5.4 25.42 –0.03 WRBerkleyDeb58 .3562 5.4 26.46 –0.11
CadizPfdA .56 13.3 16.88 0.11 TravelCtrsNt29 .50 7.7 25.99 0.09 AthenePfdC .3984 .0 28.23 0.25 CustomersBncpPfdE .3322 5.2 25.42 ... GabelliEqPfdH .3125 4.9 25.39 –0.03 NatlStoragePfdA .375 5.8 26.00 –0.04 SCE VI Pfd L .3125 5.0 24.92 –0.07 WRBerkleyDeb60 .2656 4.1 25.85 0.06
CapitalaFinNts22 .025 5.9 25.47 0.06 TravelCtrsNt30 .50 7.7 25.98 0.23 AthenePfdD .3047 4.8 25.64 0.16 CustomersBncpPfdF .375 5.9 25.30 0.13 GabelliGlSMidPfdA .3406 5.4 25.38 0.14 NaviosMariPfdH ... 15.73 1.02 SITECtrsPfdA .3984 6.3 25.50 –0.28 W.R.BerkleyDeb61 .2578 4.1 25.45 0.20
CarecloudPfdA .2292 9.4 29.39 0.49 TriStateCapPfA .4219 6.5 26.08 –0.12 AtlasPfdD .4969 7.7 25.90 0.09 DCPMidstrmPfdB .4922 7.8 25.36 0.11 GabelliMultiPfdG .3203 4.9 26.16 –0.04 NaviosMaritimPf ... 15.89 1.18 SLGreenRealtyPfd .4063 6.2 26.21 0.03 WebsterFinlPfdF .3281 5.1 25.90 0.17
CarlyleNts2061 .2891 4.6 25.25 0.10 TriStateCapPfB .3984 6.1 26.01 –0.30 AtlasPfdH .4922 7.6 25.77 0.08 DCPMidstrmPfdC .4969 7.9 25.32 0.42 GabelliMultPfdE .3203 5.0 25.46 –0.05 NewResidentialPfdB .4453 7.1 25.11 –0.20 SachemCapPfdA .4844 7.6 25.46 0.14 WellsFargoPfdA .4141 5.9 27.86 0.13
ChickenSoupNts .59 9.3 25.48 0.04 TriumphBncpPfdC .4453 6.5 27.47 –0.22 AtlasPfdI .50 7.3 27.49 0.25 DTE EnergyDeb77 .3281 5.1 25.80 0.11 GabelliUtilPfdA .3516 5.5 25.61 –0.59 NewResidentialPfdC .3984 6.9 23.00 –0.29 SafeBulkersPfdC .50 7.7 25.90 0.51 WellsFargoPfdAA .2937 4.6 25.41 –0.24
ChickenSoupPfdA .2031 9.0 26.95 0.46 UtdCmtyBksPfdI .4297 6.3 27.49 0.10 AvantorPfdA .78 2.7 115.44 3.07 DTE EnergyDeb80 .2734 4.3 25.40 –0.02 GabelliUtilPfdC .3359 5.2 25.75 –0.55 NewResidentPfdA .4688 7.3 25.52 –0.39 SafeBulkersPfdD .50 7.8 25.75 0.37 WellsFargoPfdACC .2734 4.5 24.55 –0.10
ConiferNts2023 .4219 6.9 24.55 0.16 ValleyNatlPfdA .3906 5.6 27.98 –1.02 Babcock&WilcxNt26 .5078 7.8 25.89 –0.41 DTE EnergyDebE ... 25.76 0.08 GasLogPfdA .5469 8.6 25.39 0.12 NewResidentInvPfdD .4375 7.0 25.16 –0.27 Saratoga7.25Nts .4531 7.0 25.89 0.05 WellsFargoPfdADD .2656 4.4 24.37 0.10
ConnectOnePfdA .3719 5.0 26.05 0.05 ValleyNatlPfdB .3438 5.4 25.34 –0.01 BabcockWilcoxPfdA .4844 7.8 25.00 –0.02 DanaherPfdA 11.875 2.4 1997.50 –38.06 GasLogPtrsPfdA .5391 8.1 26.50 0.17 NYComBncpPfdA .3984 5.5 28.82 0.57 SaulCentersPfdD .3828 5.9 26.00 0.06 WellsFargoPfdAY .3516 5.5 25.53 –0.02
CowenNts2033 .4844 7.3 26.56 –0.28 ViaRenewablesPfdA .5469 8.6 25.37 –0.14 BabcockWilcoxNts .4063 6.6 24.59 –0.01 DanaherPfdB 12.5 3.2 1558.45 –34.05 GasLogPtrsPfdB .5125 8.1 25.22 0.03 NY CmtyCap V .75 5.7 52.89 0.55 SaulCentersPfdE .375 5.5 27.09 –0.06 WellsFargoPfdAZ .2969 4.6 25.55 –0.07
DivrsHlthcrNts42 .3516 6.4 21.98 0.05 ViacomCBS Pfd 1.4375 9.2 62.30 3.02 BancCA PfdE .4375 6.9 25.45 0.05 DiamondrockPfd .5156 7.4 27.95 0.25 GasLogPtrsPfdC .5313 8.4 25.38 0.08 NexPtDivRlEstPfdA .3438 6.4 21.64 0.39 ScorpioTankersNts .4375 7.1 24.67 –0.13 WellsFargoPfdQ .3656 5.5 26.47 –0.25
DivrsHlthcrNts46 .3906 6.8 23.07 0.25 WashFedPfdA .3047 4.7 26.09 0.14 BancoBradescoPf .0028 4.4 3.77 0.20 DianaShippingPfd .5547 8.6 25.87 –0.67 GenAmInv pfB .3719 5.6 26.79 –0.05 NexPointPfdA .5313 8.1 26.14 –0.03 SempraNts79 .3594 5.3 27.10 0.09 WellsFargoPfdL 18.75 5.1 1482.00 3.73
EnstarPfdD .4375 6.0 28.93 –0.03 WesBancoPfdA .4219 6.1 27.75 –0.56 BankofAmNt66 .4031 6.1 26.62 0.07 DigitalRealtyPfdL .325 4.9 26.44 0.19 GenieEnergyPfd .1594 7.0 9.10 0.01 NextEraEnDebN .3531 5.1 27.59 0.15 SeritageGrwPfdA .4375 7.5 23.45 0.11 WescoPfdA .6641 8.7 30.66 0.31
EnstarPfdE .4375 6.5 26.72 –0.02 WintrustFinPfdE .4297 6.3 27.40 0.04 BankofAmPfd1 .1875 3.2 23.56 0.16 DigitalRealtyPfJ .3281 5.1 25.55 –0.01 GeorgiaPwrNt77 .3125 4.8 25.92 0.25 NiaMoPwr pfB .90 3.5 102.00 ... SilvergatePfdA .377 6.2 24.51 –0.15 WesternAlliancePfd .2892 4.5 25.86 –0.14
EntFinlSvsPfdA ... 25.35 0.19 WintrustFinPfd .41 5.9 27.65 0.25 BankofAmPfd2 .1917 3.2 23.69 0.15 DigitalRealtyPfK .3656 5.4 27.10 0.14 GlbIndemnityNts .4922 7.8 25.34 –0.06 NiaMoPwr pfC .975 3.9 101.00 –1.00 SimonPropPfdJ 1.0469 6.0 70.04 1.24 XAIOctagonPfd .4063 6.3 25.99 –0.11
January 17, 2022 BARRON’S 65

Complete FOREIGN EXCHANGE LIST: Page M76 Foreign Markets Key Cross Rates $1=€.8760, ¥114.20, £.7312

Europe GLOBAL STOCK MARKETS Asia


Technicality: European tech stocks followed In Local Currencies In U.S. Dollars1 Plus: China’s trade surplus rose 30% in 2021,
their U.S. peers down, but auto stocks revved. Week's Week's but energy prices are raising its import costs.
Index % Chg. 1/14 52-wk Range % Chg. 1/14 52-wk Range
-1.03% S&P Europe BMI The World –0.4 2411.9 2477.0– 1993.2 –0.1 3173.1 3248.1– 2661.7 S&P Pan Asia BMI 0.44%
E.A.F.E.2 –0.8 1352.2 1383.0– 1169.0 0.2 2333.0 2404.8– 2124.0
Greece 4.85 Australia –0.9 1430.8 1494.6– 1296.7 0 924.1 1005.8– 881.8 Philippines 3.37
Austria 0.1 755.4 759.8– 506.9 0.9 1631.8 1639.6– 1163.7
Belgium 1.04 Belgium –0.1 998.8 1027.7– 887.5 0.7 1415.4 1543.7– 1311.1 India 2.65
Canada 1.4 2698.9 2732.1– 2161.9 2.5 2326.3 2351.2– 1829.9
Norway 0.89 Denmark –3.9 14067.5 15982.8– 11463.5 –3.2 16211.7 18519.0– 13769.1 China 2.46
Finland –2.0 862.7 918.0– 758.5 –1.3 654.3 721.3– 599.2
Spain 0.49 France –1.2 2542.3 2627.0– 1967.0 –0.5 2456.9 2517.2– 2019.9 Hong Kong 1.88
Germany –0.1 1133.1 1160.9– 1001.4 0.6 2423.5 2580.5– 2272.2
U.K. 0.29 Greece 6.0 47.7 48.2– 36.1 6.8 20.2 21.2– 16.1 Taiwan 1.28
Hong Kong 2.0 16400.9 19150.6– 15644.9 2.1 11702.3 13715.3– 11136.9
-0.29 Germany Ireland –2.5 289.4 310.7– 249.5 –1.8 252.4 280.7– 231.2 Thailand 0.70
Italy –0.2 866.4 887.5– 689.0 0.6 319.8 325.1– 270.2
-0.40 Italy Japan –1.1 1220.6 1294.8– 1108.0 0.5 3868.3 4257.8– 3711.4 Singapore 0.65
Netherlands –1.8 2764.3 3087.5– 2216.6 –1.0 5180.3 5880.4– 4390.7
-1.18 France New Zealand –1.0 164.5 203.4– 162.9 –0.1 170.4 221.9– 168.5 -0.15 Indonesia
Norway 2.3 3539.7 3551.0– 2792.8 3.6 2891.6 3036.0– 2311.0
-1.57 Finland Portugal3 0.4 101.7 109.9– 93.7 1.2 76.2 83.6– 72.4 -0.37 Malaysia
Singapore 1.8 1602.2 1738.7– 1525.5 2.5 3658.1 3972.5– 3456.9
-2.21 Netherlands Spain 0.9 865.0 905.5– 760.9 1.7 416.1 461.9– 382.6 -0.79 Australia
Sweden –2.8 19054.5 20138.9– 15668.2 –1.9 10955.4 11695.4– 9711.5
-2.48 Switzerland Switzerland –2.5 1659.9 1731.5– 1395.0 –1.7 7817.0 8117.6– 6500.6 -0.86 South Korea
U.K. 1.0 2136.2 2139.1– 1796.8 1.8 1218.1 1224.2– 1028.2
-3.38 Denmark U.S.A. –0.4 4471.6 4621.2– 3630.3 –0.4 4471.6 4621.2– 3630.3 -0.97 Japan
Base Jan. 1, 1970=1001Adjusted for foreign exchange fluctuations relative to the U.S. $.
2Europe, Australasia, Far East Index.3Base: Jan. 1, 1988=100.
-3.76 Sweden -2.42 New Zealand
Source: Morgan Stanley Capital International Perspective, Geneva.
Indexes based on S&P Global Broad Market Indices Source: S&P DJ Indices Indexes based on S&P Global Broad Market Indices Source: S&P DJ Indices
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

KEY FOREIGN STOCK MARKET INDEXES S&P Global Broad Market Indices
S&P Global S&P Global SP Global Point
Most Recent Week’s Year-to-Date Most Recent Week’s Year-to-Date Indexes, Indexes, Indexes, Chg. % Chg.
Close %Chg. Chg. % Chg. Close %Chg. Chg. % Chg. Region/ Local Curr. Wkly U.S. $ Wkly U.S. $ on From From
Country 01/14/22 % Chg. 01/14/22 % Chg. 12/31/21 12/31/21 12/31/21
Amsterdam AEX 783.53 –0.62 –14.40 –1.80 Mexico City IPC 53744 +1.02 +472.48 +0.89 Americas 497.45 — 0.23 509.85 — 12.40 — 2.43
Brazil 966.50 3.81 197.67 5.92 194.62 3.04 1.56
Athens General 949.39 +4.73 +56.05 +6.27 Milan FTSE All Share 30340 +0.57 +398.53 +1.33 Canada 656.95 1.32 665.60 2.36 657.05 8.55 1.30
Chile 298.61 4.75 159.92 6.31 147.46 12.46 8.45
Bangkok SET 1672.63 +0.91 +15.01 +0.91 Moscow RTS 1485.86 –3.84 –109.90 –6.89 Mexico 893.15 0.96 355.13 1.59 349.74 5.39 1.54
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

U.S. 47316.14 — 0.45 47316.14 — 0.45 48634.31 — 1318.17 — 2.71


Bombay Sensex 61223 +2.47 +2969.21 +5.10 Oslo Composite 1329.78 +0.43 +22.09 +1.69 Latin America 221.27 4.76 216.14 5.13 2.37
Europe 479.98 — 0.28 484.02 — 4.04 — 0.83
Brussels Bel-20 4245.85 –1.41 –64.30 –1.49 Paris CAC 7143.00 –1.06 –10.03 –0.14 Austria 374.77 — 0.08 355.67 0.68 345.84 9.83 2.84
Belgium 382.74 1.04 363.23 1.80 350.77 12.46 3.55
Santiago Selective 2922.23 +4.43 +116.06 +4.14 Denmark 2735.67 — 3.38 2634.03 — 2.70 2885.76 — 251.73 — 8.72
Buenos Aires Merval 85481 +1.28 +1980.96 +2.37
Finland 1840.23 — 1.57 1746.41 — 0.83 1754.30 — 7.89 — 0.45
Sao Paulo Bovespa 106927 +4.10 +2105.35 +2.01 France 517.22 — 1.18 490.85 — 0.44 491.27 — 0.42 — 0.09
Copenhagen OMX 20 1677.40 –3.82 –186.59–10.01
Germany 549.43 — 0.29 521.42 0.47 519.74 1.67 0.32
Seoul Composite 2921.92 –1.12 –55.73 –1.87 Greece 23.09 4.85 23.98 5.64 22.50 1.48 6.58
Dublin ISEQ 8635.72 +0.47 +191.20 +2.26
Ireland 866.90 — 1.96 822.70 — 1.22 837.54 — 14.84 — 1.77
Shanghai Composite 3521.26 –1.63 –118.52 –3.26 Italy 272.65 — 0.40 258.75 0.35 256.37 2.38 0.93
EURO STOXX SXXE 474.29 –0.90 –4.55 –0.95
Netherlands 1005.31 — 2.21 954.05 — 1.48 1003.04 — 48.98 — 4.88
Shenzhen B Share Idx 1176.76 –0.11 +2.96 +0.25 Norway 759.21 0.89 607.98 2.22 593.85 14.13 2.38
EURO STOXX 50 SXSE 4272.19 –0.78 –26.22 –0.61
Portugal 68.06 0.42 70.69 1.17 71.59 — 0.90 — 1.26
Singapore FTSE STI 3281.97 +2.39 +158.29 +5.07 Russia 2618.62 — 3.87 273.52 — 4.91 291.19 — 17.67 — 6.07
Frankfurt DAX 15883 –0.40 –1.62 –0.01 Spain 394.44 0.49 374.33 1.25 368.96 5.38 1.46
Stockholm OMXS 974.00 –3.82 –63.13 –6.09 Sweden 1803.78 — 3.76 1417.34 — 2.92 1497.71 — 80.37 — 5.37
Helsinki OMHX 12742 –1.43 –119.77 –0.93 Switzerland 729.16 — 2.48 1166.70 — 1.64 1209.16 — 42.46 — 3.51
STOXX Europe 50 SXSP 3798.52 –0.47 –19.94 –0.52 United Kingdom 303.66 0.29 275.18 1.10 268.74 6.44 2.40
Hong Kong Hang Seng 24383 +3.79 +985.65 +4.21 South Africa 1040.40 2.50 330.60 4.19 310.28 20.32 6.55
STOXX Europe 600 SXXP 481.16 –1.05 –6.64 –1.36 Pacific Region 277.63 1.32 276.29 1.34 0.49
Istanbul IMKB 2072.93 +1.95 +215.28+11.59 Australia 540.24 — 0.79 567.22 0.14 577.80 — 10.57 — 1.83
Sydney S&P/ASX 200 7393.90 –0.80 –50.74 –0.68
China 491.43 2.46 604.22 2.69 599.44 4.78 0.80
Jakarta Composite 6693.40 –0.12 +111.92 +1.70 Hong Kong 476.44 1.88 474.60 2.06 464.98 9.62 2.07
Taipel Weighted 18403 +1.29 +184.49 +1.01
India 1864.97 2.65 987.88 2.85 940.54 47.34 5.03
Johannesburg All Share 75160 +1.65 +1450.82 +1.97 Japan 154.95 — 0.97 170.03 0.63 169.63 0.40 0.23
Tel Aviv 125 Index 2152.16 +3.05 +95.65 +4.65
Malaysia 235.78 — 0.37 147.71 0.36 149.91 — 2.21 — 1.47
Kuala Lumpur Composite 1555.33 +0.79 –12.20 –0.78 New Zealand 393.26 — 2.42 522.34 — 1.51 546.91 — 24.57 — 4.49
Tokyo Nikkei-225 28124 –1.24 –667.43 –2.32
Philippines 380.38 3.37 297.01 3.91 292.38 4.63 1.58
LISBON PSI 4073.88 +0.17 –110.30 –2.64 Singapore 210.20 0.65 254.27 1.22 258.08 — 3.81 — 1.47
Toronto S&P/TSX 21357 +1.30 +134.72 +0.63
South Korea 1129.09 — 0.86 1612.06 0.31 1640.02 — 27.96 — 1.70
London FTSE - 100 7542.95 +0.77 +158.41 +2.15 Taiwan 183.86 1.28 217.44 1.59 215.25 2.19 1.02
Vienna ATX 3964.27 –0.19 +103.21 +2.67
Thailand 365.59 0.70 530.30 2.04 524.75 5.55 1.06
Euro Zone 176.74 — 0.05 177.35 — 0.61 — 0.35
Madrid IBEX 35 8806.60 +0.63 +92.80 +1.06 Wellington S&P/NZX 50 12790 –1.39 –243.61 –1.87
Europe Developed (ex U.K.) 638.98 — 0.71 650.74 — 11.76 — 1.81
Europe (Nordic) 1412.33 — 2.02 1483.23 — 70.90 — 4.78
Manila Composite 7261.34 +3.57 +138.71 +1.95 Zurich Swiss 12525 –2.13 –350.03 –2.72
Pacific (ex. Japan) 386.84 1.67 384.48 2.36 0.61
World (ex US) 249.31 0.86 248.90 0.40 0.16
Indexes are based on local currencies. Because of various holidays and other market closings, the most recent close is not necessarily S&P Global Broad Market Indices 365.32 0.10 370.92 — 5.60 — 1.51
that of the week of publication. GLOBAL DOW 4297.54 1.59 4137.77 159.77 3.86
s2022 S&P Dow Jones Indices. All Rights Reserved.
66 BARRON’S January 17, 2022

Mutual Funds Data provided by

Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr.
NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. CASH TRACK NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret.
Sustain Equity 46.89 -0.36 -3.2 NS LargeCapValueA 40.15 0.00 1.2 67.1 Davenport Core n 32.86 -0.29 -4.2 72.6
A American Century I:
CaHYMu 11.10 -0.05 -0.9 17.9 Cashing Out: Investors pulled cash from the industry, reducing the past month’s average
LargeCapValueI 40.05
MidCapA 39.99
0.00
-0.54
1.2
-4.9
68.4
79.3
EqOpp n
Val&Incm n
24.67
20.56
-0.49 -6.2 91.6
0.07 1.2 55.1
AAM: DiscCoreVal 35.77 0.03 -0.2 66.7 SmallCapGrowthA 41.99 -0.98 -8.8 74.1 Davis Funds A:
B&GIncGroClI 24.86 -0.31 -2.5 62.2 DivBnd 10.79 -0.03 -1.6 14.8 weekly inflow at equity funds to $8.9 billion. Inflows at taxable-bond funds fell to $350 SmallCapGrowthI 46.68 -1.09 -8.8 75.5 NYVen A 30.67 0.89 6.1 65.6
AB Funds: EmgMkt 14.25 0.29 0.3 42.1 SmallCapGrowthIS 47.63 -1.11 -8.8 76.2 Davis Funds C & Y:
AlBeGblBndFdClZ p 8.18 -0.01 -1.2 10.6 EqInc 9.94 -0.01 0.8 45.9 million, and to $7.2 billion at muni-bond funds. Money-market inflows slid to $8.6 billion. Clipper: NYVenY 31.77 0.92 6.1 66.7
AllMktRlRtnPtZ 9.79 0.11 1.0 42.3 FocusDynamGrowth 52.40 -0.80 -7.7 115.1 ClipperFd n 144.37 3.50 5.9 69.6 Del Invest Instl:
AllMktRtrn1 9.72 0.12 1.0 41.5 Growth 52.03 -0.68 -6.2 111.8 Equity Funds Municipal Bond Funds Cohen & Steers: CorpBdI 6.10 -0.03 -2.1 24.6
CapFdInc.LCapGow 91.72 -1.09 -7.2 109.3 IntTF 11.74 -0.05 -0.8 13.3 14450 12000 GblInfrI 23.23 -0.09 -2.1 35.8 USGrw 19.98 -0.50 -8.8 74.9
DiscovValFd 25.28 0.32 1.4 60.2 MdCapVal 18.54 0.14 3.1 59.9 GlbRltyI 64.37 -0.43 -3.2 44.4 Value 21.74 0.04 2.7 46.3
IntDurInstl 14.97 -0.04 -1.7 13.7 OneChoice2035 17.11 -0.04 -1.7 45.9 InstlRlty 56.12 -0.77 -5.2 68.6 Delaware Invest A:
IntlStraEquPtZ 13.43 0.16 1.1 34.8 SDIPB 10.91 0.00 -0.6 16.0 11200 9150 IntlRltyI r 11.77 -0.06 -2.0 24.6 Diver Inc p 8.91 -0.03 -1.6 18.0
MuniIncmShares 12.74 -0.07 -0.9 25.2 SmCapVal 11.29 0.08 1.6 86.9 PrefSecIncmA 13.99 -0.01 -0.6 25.3 GroInA p 14.60 0.15 3.4 52.5
SmCapGrwPortZCl 76.46 -2.36 -11.1 91.0 Ultra 86.61 -0.86 -5.8 125.5 PrefSecIncnI 14.03 -0.01 -0.6 26.4 OppA p 35.83 0.26 1.5 64.7
AB Funds - A: American Century Ins: 7950 6300 RltyIncA p 19.61 -0.25 -5.3 66.3 SmCpValA p 78.68 1.21 2.9 63.3
BalWlthStrA p 16.17 -0.01 -2.6 34.0 CAIntTf 12.07 -0.04 -0.8 11.1 RltyIncI 20.91 -0.27 -5.3 67.7 SMIDCapGrA p 25.70 -0.98 -14.6 89.3
GlobalBondA p 8.18 -0.01 -1.2 9.5 American Century Inv: RltyShs n 79.16 -1.08 -5.2 68.0 TxUSA p 12.21 -0.05 -1.2 21.3
GrowthA p 104.94 -1.49 -7.3 92.3 Balanced n 18.76 -0.10 -2.6 49.2 4700 3450 Colorado BondShares: Deutsche DWS:
HighIncomeA p 7.85 -0.02 -0.9 18.7 CaHYMu n 11.11 -0.04 -0.9 17.3 ColoradoBdShs 9.36 -0.01 -0.2 16.5 CapGrth p 116.52 -1.75 -7.0 106.4
LgCpGrA p 82.00 -0.98 -7.2 107.3 CAIntTF n 12.06 -0.05 -0.8 10.4 Columbia Class A: CapGrth n 118.55 -1.78 -7.0 107.9
MuCA A p 11.42 -0.04 -0.7 13.1 DiscCoreVal n 35.68 0.03 -0.2 65.7 1450 600 AcornA t 8.78 -0.32 -12.3 49.0 CoreEq n 32.79 -0.03 -2.4 78.5
NtlMuA p 10.67 -0.04 -0.8 13.5 DivBnd n 10.78 -0.03 -1.6 14.0 Nov Dec Jan Nov Dec Jan AMTTEBd 16.74 -0.09 -1.2 15.5 EqDivA 57.09 0.52 3.4 41.0
RelatValA p 6.73 0.06 2.0 57.8 EmgMkt nr 13.88 0.28 0.2 41.2 BalancedA t 50.60 -0.05 -1.1 60.5 GblGrwS n 45.14 -0.65 -5.1 59.6
SmCpGroA p 66.41 -2.06 -11.1 89.0 EqGro n 30.22 -0.11 -3.4 73.9 BldrAggrsv 13.67 0.02 -1.4 56.9 GNMA S n 13.44 -0.04 -1.2 7.4
SmMdCpGrA p 11.68 -0.42 -11.6 81.7 EqInc n 9.93 0.00 0.9 45.1 Money Market Funds Taxable Bond Funds BldrMod p 11.40 0.00 -1.3 39.8 HiIncA 4.78 0.00 -0.8 21.3
SustGlblThemGrA p 164.48 -3.43 -7.1 99.0 FocusDynamGrowth n 51.73 -0.79 -7.7 113.8 16700 9600 ContCoreA p 32.63 -0.02 -1.0 92.6 MgdMuniA p 9.15 -0.04 -1.0 13.2
AB Funds - ADV: Grwth n 50.61 -0.66 -6.2 110.5 DisplCoreA p 14.19 0.02 -2.1 77.9 MgdMuniS n 9.16 -0.04 -1.0 13.7
ConGroAdv 56.96 -1.28 -5.5 103.0 Heritage n 22.74 -0.72 -11.3 82.4 DivIncA t 31.29 -0.22 -1.0 68.5 S&P500S n 43.90 -0.13 -2.1 88.6
GlbBd 8.18 -0.01 -1.0 10.5 InfAdjBd n 12.56 -0.03 -2.4 22.8 DivOpptyA 39.00 -0.01 2.1 55.6 TechA 34.44 -0.07 -5.7 134.3
HiIncmAdv 7.86 -0.02 -0.9 19.6 Intl Gr n 14.06 -0.26 -4.8 62.1 11600 6500 EqValA 13.72 0.02 1.3 52.8 Diamond Hill Funds:
IntlSmCapPtADV 12.82 0.06 -1.3 38.6 IntlOppt n 11.23 -0.12 -6.3 60.0 FocEqA t 17.98 -0.13 -5.3 107.8 LgCapA pn 35.86 0.27 1.0 75.6
IntlStraEquPtADV 13.41 0.16 1.1 34.7 IntTF n 11.74 -0.05 -0.9 12.6 GlobEq 18.45 -0.19 -6.1 94.9 LgCapI 36.06 0.27 1.0 77.2
IntlStrgCore 13.72 0.03 -1.0 31.9 FocLgCapVal n 11.00 0.04 2.4 52.9 GlobTech 70.43 0.76 -3.4 192.2 LgCapY 36.10 0.27 1.1 77.7
LgCpGrAdv 91.90 -1.10 -7.2 108.9 MdCapVal n 18.53 0.15 3.1 59.0 6500 3400 HiYldBd 11.92 0.00 -1.0 23.1 LongShortI 29.66 0.30 3.4 46.9
MuniBdInfl 11.03 -0.05 -1.1 16.9 OneChAgg n 17.32 -0.05 -2.1 58.3 IncmBldr t 13.03 -0.03 -0.9 29.2 SmMidCapI 28.89 0.31 1.8 63.4
NationalPtf 10.67 -0.05 -0.8 14.4 OneChCon n 14.59 -0.04 -1.6 37.8 LgCpGrowA t 57.56 -0.62 -5.9 112.9 Dimensional Fds:
SelectUSLgShrt 14.50 0.02 -0.1 50.0 OneChMod n 16.69 -0.04 -1.9 49.3 LgCpIdx pn 59.98 -0.18 -2.1 87.6 2TGlFxd 9.85 -0.01 -0.3 3.0
SmCapCorePortADV 14.88 -0.02 -2.7 57.6 OneChoice2025 n 15.05 -0.03 -1.5 37.8 1400 300 LgCpVl A 17.40 0.12 2.0 66.5 5GlbFxdInc 10.59 -0.02 -1.0 3.3
SmMdCpGr 13.15 -0.47 -11.6 82.9 OneChoice2035 n 17.09 -0.05 -1.8 45.0 Nov Dec Jan Nov Dec Jan LiGoBalA p 12.56 0.01 -1.3 48.2 CAIntrTrmMuniBd 10.66 -0.03 -0.6 5.4
SmMidCpValAdv 26.34 0.34 1.4 59.9 OneChoiceRet n 13.44 -0.03 -1.5 35.0 MdCpIndxA pn 16.85 -0.07 -2.1 63.9 CASTMuniBd 10.23 -0.01 -0.1 1.9
SustGlbThemAdv 178.21 -3.71 -7.1 100.6 Select n 111.37 -0.36 -4.6 110.7 MidCapGthA t 22.11 -0.80 -12.5 78.5 Cont 34.00 -0.09 -0.4 62.4
SutblIntlThemat 22.77 -0.33 -4.2 66.1 SmCapGrowth n 19.92 -0.44 -8.0 91.1
The charts above show four-week moving averages of net cash flow in millions of dollars. BARRON'S • Lipper FMI SelgComuInfoA 125.74 1.55 -2.9 188.8 DFARlEst 48.93 -0.78 -5.5 57.6
TxMgdWlthAppAdv 20.71 0.05 -1.2 63.0 SmCpVal n 11.15 0.08 1.6 85.6 SelMidCpValA 14.01 0.03 0.0 76.2 EmgMkt 32.38 0.74 2.6 35.5
WlthApprStr 20.47 0.08 -1.1 64.0 Sustain Equity n 46.70 -0.37 -3.3 92.6 SmCapGthA t 22.84 -0.91 -12.7 89.1 EmgMktSoCoEq 16.32 0.35 2.1 36.8
AB Funds - C: Ultra n 82.47 -0.82 -5.9 124.1 Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. SmCpIdxA pn 29.02 0.08 -1.0 60.0 EmgMktVa 32.18 0.67 3.8 28.0
LgCpGrC t 54.61 -0.67 -7.2 102.7 Value n 9.36 0.10 5.1 59.6 NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. StratIncA 24.40 -0.03 -0.5 17.6 EmMktCorEq 25.62 0.58 2.3 39.3
AB Funds - I: American Century R6: TaxEA 13.42 -0.07 -1.0 13.4 EmMktSmCp 24.98 0.31 0.1 45.9
GlbBd 8.18 -0.01 -1.0 10.5 AmCentUltraFdR6 87.14 -0.86 -5.8 126.6 YacktFocFd N n 21.73 0.35 2.5 64.8 GrowthInst 109.56 -3.09 -9.9 95.2 CAInsMun 13.03 -0.03 -0.5 12.1 BostonBalanced 65.37 -0.79 -3.1 58.1 TechA p 65.31 0.06 -5.3 140.1 Fixd 10.26 -0.01 -0.2 2.6
LgCpGroI 91.24 -1.09 -7.2 108.7 YacktmanFd I 25.18 0.38 2.8 64.9 OpptortunityInst 38.95 -0.97 -11.1 153.3 CapAppr 40.35 -0.64 -8.0 98.8 Braddock Multi Strat: ThermoA 16.74 -0.04 -1.6 53.5 GblAll60 40Inst 21.86 0.03 -0.8 44.7
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

SmCpGroI 75.82 -2.34 -11.1 90.4 EmgMkt 14.26 0.29 0.3 42.7
EqInc 9.95 -0.01 0.8 46.5 Angel Oak Funds Trst: PartnersInst 197.28 0.19 -4.2 346.7 EmgMkts 30.45 0.71 1.5 53.1 Income Fund 7.33 0.01 0.3 -18.9 TotReBdA t 36.65 -0.10 -1.6 19.7 GlAll25 75Inst 14.62 0.00 -0.7 22.0
Aberdeen Fds: Growth 52.12 -0.68 -6.2 112.8 AglOkMtiStFdClIn 10.25 -0.01 -0.1 7.1 RealEstateInst 38.98 -0.64 -5.8 127.8 EqtyDivd 22.56 0.33 4.1 61.0 Bridge Builder Trust: Columbia Class Adv: GlEqInst 32.16 0.08 -0.7 68.6
EmMktEqty Inst 17.55 0.39 1.8 44.7 InfAdjBd PACH R6 12.54 -0.03 -2.4 23.8 AQR Funds: SmallCapInst 36.34 -1.17 -10.1 87.4 FloRateIncPorIns 9.97 0.02 0.5 14.2 CoreBond 10.25 -0.03 -1.6 15.4 ContCore p 33.77 -0.02 -0.9 94.1 GlRESec 12.86 -0.16 -4.4 42.2
UltStMuniIncInst 10.03 0.00 0.0 2.2 DivArbI 12.01 -0.06 -0.7 41.6 BBH Funds: LgCpFocusGwth 7.06 -0.14 -8.7 97.2 CorePlusBond 10.16 -0.03 -1.6 17.1 DivIncom 31.89 -0.23 -1.0 69.7 InfProtSec 12.98 -0.03 -2.5 23.8
USSmCapEq Inst 41.59 -0.68 -6.3 85.9 MdCapVal 18.54 0.15 3.1 60.6 Columbia Class C: IntGvFxdInc 12.44 -0.01 -1.8 11.1
OCP2025 10.89 -0.02 -1.4 39.3 LgCapDefStyle I 30.57 -0.47 -4.4 68.9 BdMktN n 10.28 -0.01 -0.2 8.0 GlblAlloc 20.68 0.01 -1.4 46.8 Intl Eq 13.41 0.07 0.2 38.8
Acadian Emerging Markets: LgCapDefStyle R 30.53 -0.47 -4.4 69.4 BerkshireFocus n: GlobLg/ShrtCrIns 9.93 0.00 0.1 14.7 LargeCapGrowth 22.24 -0.27 -5.4 103.6 Balanced 50.35 -0.06 -1.1 56.9 IntlCoreEq 16.30 0.14 1.2 44.7
AcadnEm Inv n 24.18 0.57 3.3 40.0 OCP2030 12.03 -0.03 -1.6 42.9 DivInc t 30.23 -0.22 -1.0 64.7 IntlREst 4.62 -0.03 -2.5 18.5
OCP2035 11.40 -0.03 -1.7 46.5 LgCapMomStyle I 24.31 -0.07 -3.3 93.7 BerkshireFocus n 31.72 -0.26 -12.4 121.0 HlthScOp 74.97 -0.55 -6.2 56.5 LargeCapValue 17.61 0.09 1.7 74.6
Advisers Inv Trst: LgCpMultiStyle R 20.18 0.16 -0.5 75.8 Bernstein Fds: HYMuni 10.56 -0.02 -0.9 24.1 MunicipalBond 10.66 -0.04 -0.8 12.5 Columbia Class I: IntlSustCore1 13.09 -0.02 -1.0 48.1
Balanced n 87.76 -0.62 -1.8 57.3 SmCpVal 11.29 0.08 1.6 87.7 Acorn I 12.49 -0.45 -12.2 50.1 IntlVal 20.60 0.67 7.5 37.8
American Century Y: MgdFutStrI 7.54 0.00 3.9 6.1 Ca Mu n 14.46 -0.05 -0.6 8.5 Interntnl 22.06 0.06 -0.3 67.0 S/MCapGrowth 15.28 -0.32 -8.9 75.9
Growth n 106.75 -1.04 -2.5 78.7 TMEmgMultStyle R 12.35 0.42 3.4 36.2 DivrMuni n 14.69 -0.05 -0.6 10.2 iShMSCIIntldx 15.86 0.04 0.2 42.0 S/MCapValue 14.95 0.14 1.4 65.3 AcornIntl I 30.26 -1.10 -9.1 48.1 IntlVectorEq 14.20 0.17 1.9 43.7
Muni n 8.81 -0.04 -0.8 11.4 IntTF 11.74 -0.05 -0.8 13.4 EmMkts n 30.72 0.80 1.9 44.0 MdCpGrEq 42.35 -1.14 -11.7 95.6 AltBeta I 28.49 -0.04 0.9 -6.5 IntrLrgCpGroPor 16.89 -0.27 -4.1 54.2
American Funds Cl A: ArbitrageI : Brown Advisory Funds:
AIG Funds: ArbitrageI 13.13 -0.07 -1.2 9.4 IntmDur n 13.09 -0.04 -1.8 12.8 MultiAstIncome 11.25 -0.01 -0.8 26.3 GrowEqInv n 30.87 -0.81 -9.9 92.0 Balanced I 50.48 -0.05 -1.1 61.7 IntSmCo 21.67 0.07 -0.5 47.6
FDivStII t 18.09 0.03 0.8 30.0 2010TarRetA p 12.25 0.01 -0.7 31.9 NY Mun n 14.16 -0.04 -0.6 9.1 NatlMuni 11.27 -0.03 -0.8 13.2 ConSec I 24.45 -0.20 -4.1 80.3 IntSmVa 21.97 0.34 2.7 38.5
2015TarRetA p 12.97 0.02 -0.8 34.9 Ariel Investments: GrwthEquityInst 31.48 -0.82 -9.9 92.9
Akre Funds: ApprecInv pn 49.07 0.37 2.9 62.6 BlackRock Funds: NYMUNIOPP 11.50 -0.02 -0.4 12.2 SmallCapFndInst 31.66 0.10 1.1 48.5 ContCore I 32.97 -0.02 -0.9 94.0 IntTermMuni 10.36 -0.03 -0.6 6.8
AkreFocusInst 60.99 -1.33 -7.9 81.9 2020TarRetA p 14.12 0.01 -1.0 36.9 CoreBd Inst 9.60 -0.04 -1.7 14.9 ScTechOppInst 60.03 -0.79 -8.9 154.0 DivIncom I 31.32 -0.22 -0.9 69.7 IntVaIII 17.74 0.58 7.6 38.4
Ariel Inv pn 84.25 0.30 0.8 68.2 SmCapGrInv n 25.51 -0.17 -6.4 68.7
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

AkreFocusRtl 59.08 -1.29 -7.9 80.5 2025TarRetA p 15.86 0.00 -1.4 43.1 CoreBd K 9.63 -0.04 -1.7 15.2 StratIncOpptyIns 10.10 -0.02 -0.4 15.5 DivOppty t 39.25 0.00 2.1 56.8 ITExQual 11.02 -0.03 -2.1 19.7
2030TarRetA p 17.47 -0.01 -1.8 48.9 Aristotle Value: BrownSmCoInv n:
Alger Funds A: Equity Fund n 20.38 0.07 -0.8 79.5 CreStraInc Inst 9.92 -0.05 -1.0 16.6 StratMuniOppI 11.91 -0.02 -0.6 12.4 BrownSmCoInv n 102.07 -3.45 -12.4 51.5 EmgMkt r 16.89 0.35 -1.5 55.0 LgCo 33.17 -0.10 -2.1 89.9
CapApr 29.25 -0.20 -6.5 100.4 2035TarRetA p 19.08 -0.03 -2.3 58.0 HiYBlk 7.77 0.00 -0.7 24.8 TotRet 11.69 0.02 -1.2 17.0 FlexCap 15.54 0.04 0.7 55.4 LgCpIntl 27.61 0.17 0.8 44.4
2040TarRetA p 20.07 -0.05 -2.6 62.1 Artisan Funds: Buffalo Funds:
SpectraN 22.36 -0.32 -8.8 87.0 GblOppInst 35.44 -0.54 -6.3 97.6 HiYInvA 7.76 0.00 -0.9 23.1 WorldInc 6.16 0.02 -0.6 15.1 DiscFd n 26.53 -0.45 -8.2 75.3 FocEq I p 20.89 -0.15 -5.3 109.4 SclCrEqInst 15.36 0.08 0.6 42.4
Alger Funds I: 2045TarRetA p 20.63 -0.05 -2.7 63.3 HiYldBd Inst 7.76 0.00 -0.9 24.3 BMO Funds: GlbTechGw I 68.39 0.06 -5.2 142.0 SelHdgGlFxd 9.49 -0.01 -0.6 5.6
2050TarRetA p 20.36 -0.06 -3.0 63.7 GblOppInv n 34.63 -0.53 -6.3 96.2 SmCap n 16.92 -0.63 -11.6 104.9
CapAppr I-2 88.14 -0.63 -6.6 103.7 Intl Inv n 29.86 -0.24 -2.0 44.8 InflProtBdInst 11.52 -0.04 -2.4 24.2 UltrShtTxFrI 10.07 -0.01 -0.2 3.3 IntmMunBd I 10.37 -0.05 -0.8 11.4 STExQual 10.75 -0.01 -0.6 5.4
AmcpA p 42.39 -0.52 -6.8 70.9
Alger Funds Inst:
CapApprI 38.51 -0.26 -6.6 100.4 AMutlA p
BalA p
53.13
33.09
0.07
0.07
0.0
-1.1
56.0
48.7
IntlInst
IntlVal Inst
30.04
43.56
-0.24
0.70
-2.0
2.8
45.8
56.7
LDurBlk
LowDurBdA
9.56
9.56
-0.02
-0.03
-0.5
-0.6
7.5
6.5
BNY Mellon:
SCMultiStrM 22.46 -0.05 -3.4 66.4 CD LgCapGr
LgCpGrow I
11.05
61.17
-0.24
-0.65
-8.5
-5.9
92.7
114.5
STGov
STMuniBd
10.33
10.14
-0.02
-0.01
-0.8
-0.1
0.8
2.2
Allianz Fds Admin: IntlVal Inv n 43.45 0.70 2.8 55.6 LowDurI Inst 9.57 -0.02 -0.5 7.4 BNY Mellon Funds: LgCpIdx I 60.48 -0.17 -2.1 89.1 TAUSCoreEq2 28.53 NA NA NA
RCMTechI 76.59 -0.38 -7.6 120.8 BondA p 13.16 -0.04 -1.7 16.3 BlackRock Funds A: Aprec pn 45.92 -0.67 -4.5 100.0 Calamos Funds: MdCpIdx I 16.74 -0.06 -2.0 65.1 TM US Sm 59.01 NA NA NA
CapIBA p 70.85 0.53 1.0 38.5 MidCapInst 46.92 -1.21 -11.6 106.1 ConvI 19.23 -0.16 -4.3 74.6
Allianz Funds A: MidCapInv n 39.35 -1.02 -11.6 104.7 AdvLCGrwA 21.46 -0.12 -5.4 106.8 CA AMTMuBdZ nr 14.98 -0.06 -0.9 12.3 MidCapGth I 25.26 -0.92 -12.5 79.8 TM USTgtVal 48.36 NA NA NA
RCMGrowthA 67.14 -0.81 -6.1 118.3 CapWA p 19.76 0.04 -0.8 10.4 AdvLgCapCore p 19.79 -0.04 -2.9 85.5 Dr500In tn 58.60 -0.17 -2.1 87.4 Gr&IncA p 45.74 -0.16 -2.1 78.0 SelComunInfo t 143.58 1.78 -2.9 191.0 TMMttVa2 37.63 0.22 1.7 58.2
CapWGrA 62.90 0.10 -1.2 59.5 MidCapVal Inv n 21.85 0.13 1.3 57.4 Gr&IncI 43.57 -0.14 -2.0 79.4
RCMTech t 57.14 -0.29 -7.7 118.6 SmCpInv n 36.88 -1.00 -12.0 69.6 BalCapFd 26.12 -0.01 -2.2 55.5 Dreyf n 16.17 -0.06 -3.1 93.8 SelLCVal p 33.12 0.56 3.5 68.6 TMUSEq 50.43 NA NA NA
AllianzGI: EupacA p 62.72 -0.29 -3.2 53.0 BasicVal 19.94 0.33 4.7 56.4 DreyMid r Inv nr 34.94 -0.13 -2.1 63.8 GrowthA p 38.17 -0.44 -6.2 94.1 SelMdCpVal I p p 14.07 0.04 0.1 77.6 US CoreEq1 35.90 -0.05 -1.5 82.8
FdInvA p 74.11 0.04 -2.4 70.0 Ashmore Funds: MktNeutA p 14.66 -0.01 -0.3 15.8
MidCpValA 33.88 -0.05 -1.4 53.9 EmgMktTRInst 6.27 NA NA NA CAInsMuni 13.02 -0.03 -0.6 11.3 FloRtIncY 11.42 0.02 0.4 13.9 SmCapGth I 25.07 -0.99 -12.6 90.5 US CoreEq2 32.53 -0.04 -1.5 81.3
Amana Income: GBalA p 38.33 0.24 -0.3 37.9 CapAppr 35.84 -0.57 -8.0 97.2 GblRealRtY 17.20 -0.13 -1.5 29.2 MktNeutI 14.48 -0.01 -0.3 16.6 SmCpIdx I 29.26 0.08 -1.0 61.2 US Micro 27.31 0.02 -0.6 60.7
GovtA p 13.94 -0.02 -1.2 12.7 Ave Maria Funds: Calvert Investments:
AmanaIncm n 64.73 0.07 -1.9 69.7 Growth pn 41.99 -0.92 -6.3 74.0 EqtyDivd p 22.47 0.33 4.1 59.8 GlbStkI 26.84 -0.36 -4.6 69.8 StratInc I 23.94 -0.04 -0.5 18.4 US Small 46.35 0.00 -1.5 63.7
AmanaGrowth n: GwthA p 70.47 -0.40 -5.2 91.8 GlblAlloc p 20.46 -0.04 -1.6 45.2 GlFxIncI 21.44 -0.03 -0.8 13.7 Bal A 40.73 -0.17 -2.7 56.2 TaxEZ 13.42 -0.07 -1.0 14.1 US SmCpVal 45.00 0.68 3.5 62.0
AmanaGrowth n 69.85 -0.43 -5.0 115.8 HI TrA p 10.45 0.00 -0.5 25.1 RisingDivd n 21.59 -0.18 -1.5 64.4 Eq A p 77.12 -1.89 -7.0 99.4
HlthScOp p 70.60 -0.53 -6.2 55.3 HYldI 6.06 0.00 -0.8 21.3 Thermostat I 16.43 -0.04 -1.6 54.6 US TgdVal 31.14 0.42 3.1 67.9
Amer Beacon Insti: HiInMuniA 16.74 -0.06 -0.8 18.7 LgCp Focus Gr 6.36 -0.13 -8.6 95.9 InstS&PStkIdx I 75.06 -0.22 -2.1 89.3 LCCoreReIdxA t 40.26 -0.26 -3.3 95.3 TotReBd I 36.67 -0.10 -1.5 20.7 USLCpGr 31.19 -0.34 -4.6 89.3
IntlInst 18.78 0.32 3.8 32.6 ICAA p
IncoA p
50.84
25.95
-0.02
0.10
-1.9
0.4
70.5
44.4
B MdCpGrA 36.10 -0.97 -11.6 94.0 Interm n 13.64 -0.06 -0.9 10.8 Carillon Eagle:
MdCpGrA p 82.10 -1.75 -8.9 81.4
Columbia Class I2: USLgVa 47.33 0.40 2.8 57.0
LgCapinst 29.04 0.30 2.9 67.1 MultiAstIncome 11.23 -0.02 -0.9 25.3 IntlStkI 25.51 -0.65 -5.4 57.9 ContCore I2 33.73 -0.02 -0.9 94.5 USLgVaIII 31.32 0.26 2.8 57.4
SmCpInst 29.37 0.42 2.4 57.2 IntBdA p 13.61 -0.03 -0.8 10.3 Baird Funds: NatlMuni p 11.28 -0.02 -0.7 12.4 IntlStkY 25.20 -0.64 -5.4 57.9 Carillon Reams: DivIncom 31.86 -0.22 -1.0 70.1 USSmCpGr 25.32 -0.33 -5.3 70.5
Amer Beacon Inv: IntlGrIncA p 39.47 0.33 0.4 46.9 AggBdInst 11.17 -0.03 -1.8 15.0 NYMUNIOPP 11.50 -0.02 -0.5 11.3 MunBd nr 11.89 -0.05 -0.9 13.6 CorePlBd I 34.03 -0.06 -1.5 21.9 MidCapIndx 17.25 -0.06 -2.0 65.1 USSoCoreEq2 24.06 -0.07 -1.9 80.5
LgCapInv 25.88 0.27 2.9 65.5 LtdTEBdA 15.89 -0.05 -0.7 7.9 CorBdInst 11.47 -0.03 -1.7 16.2 ScTechOppA 54.72 -0.73 -9.0 152.1 NY Tax nr 14.94 -0.06 -1.0 11.8 UnconstrndBd I 12.62 -0.01 -0.5 16.8 SmCapIndx 30.09 0.09 -1.0 61.2 USSustCoreI 36.27 -0.15 -2.5 91.5
American Century A: N PerA p 64.05 -0.32 -3.6 90.7 IntBdInst 11.15 -0.02 -1.1 12.0 StratMuniOpp 11.91 -0.01 -0.6 11.8 ResrchGrA 19.68 -0.25 -6.6 102.0 Carillon Scout: Columbia Class I3: USVectorEq 25.02 0.12 0.7 67.4
EqIncA p 9.93 0.00 0.9 44.0 NEcoA p 57.55 -0.55 -7.0 70.1 QualIntMunBdInst 11.76 -0.04 -0.8 9.3 StrtIncOpptyInvA 10.09 -0.03 -0.5 14.5 ResrchGrZ n 20.33 -0.25 -6.7 103.2 MidCap I r 23.89 0.04 -2.1 68.1 Balanced I3 51.08 -0.05 -1.1 62.1 WexUSGov 9.92 0.02 -1.1 8.5
American Century G: NwWrldA 83.76 0.18 -2.6 58.0 ShtTBdInst 9.70 -0.01 -0.4 8.1 TotRet 11.69 0.01 -1.3 15.8 SelMgrSmCpGroY 28.47 -0.52 -7.6 71.5 CausewayInst : Bond I3 34.57 -0.10 -1.6 16.6 WrdEXUSTARGETVAL 14.72 0.20 2.5 38.5
EmgMktsDebt 10.11 -0.08 -1.2 18.2 SmCpA p 74.32 -1.38 -7.1 76.3 BalanA p: BlackRock Funds Blrk: SelMgrSmCpVaY 26.92 0.10 0.0 70.5 CausewayInst 18.27 0.33 5.1 39.1 ContCore I3 p 33.75 -0.02 -0.9 94.8 Dodge & Cox:
GlBond 10.19 -0.01 -0.9 12.9 STBFA p 9.93 -0.01 -0.3 5.3 BalanA p 25.74 0.02 -0.9 62.3 CapAppr 40.76 -0.65 -8.0 99.3 SmCpStk r Inv nr 33.22 0.09 -1.0 60.2 CIBC Atlas: DivIncom 31.91 -0.22 -1.0 70.3 Balanced n 112.87 1.61 3.2 54.5
InfAdjBd 12.55 -0.03 -2.4 24.6 STTxExBdA 10.20 -0.02 -0.4 5.2 Baron Funds: BlackRock Funds C: SmMidCpGrI 30.25 -1.28 -11.2 86.4 DispEq Inst 30.00 -0.17 -3.1 84.7 SmCpVal II p 20.48 0.26 1.1 69.6 GblStock n 15.28 0.45 5.8 60.5
NT IntlGr 13.42 -0.25 -4.8 67.9 TECAA p 18.13 -0.07 -0.8 13.1 Asset n 104.55 -2.90 -11.0 81.7 GlblAlloc t 18.03 0.01 -1.4 42.3 StratValA r 41.48 0.36 1.6 71.7 ClearBridge: STBond 9.97 -0.02 -0.4 9.3 Income n 13.85 -0.06 -1.5 16.7
NT MdCapVal 14.23 0.11 3.1 63.4 TxExA p 13.44 -0.05 -0.8 13.2 GlobalAdv n 44.48 -1.38 -13.9 113.8 HlthScOp 59.74 -0.45 -6.2 51.9 U.S.EqY 26.00 -0.50 -6.0 72.5 AggressGrowthA 142.49 -0.72 -4.1 44.8 Columbia Funds: Intl Stk n 50.20 1.59 6.2 41.6
NTDiscGro 15.23 -0.12 -6.1 100.0 WshA p 59.65 -0.13 -1.4 67.2 Growth n 104.59 -2.96 -10.0 93.7 MultiAstIncome 11.22 -0.02 -0.9 22.5 WWGrA 71.24 -0.89 -3.5 96.8 AggressGrowthI 173.33 -0.87 -4.1 46.1 UltShortBd Inst3 9.02 0.00 0.0 4.9 Stock n 257.52 5.12 5.0 77.9
NTDvBnd 10.98 -0.04 -1.6 15.5 AMG Funds: Opportunity n 36.76 -0.92 -11.1 151.3 BlackRock Funds III: BNY Mellon Funds Tru: AllCapValueA 14.70 0.23 3.8 49.6 Commerce Funds: Domini Funds:
NTEmgMkt 13.48 0.27 0.1 46.6 RRSmCapValI 15.25 0.05 -0.8 51.2 Partners n 190.60 0.17 -4.2 343.2 iShS&P500IdxK 548.61 -1.60 -2.1 90.2 BondFd 12.64 -0.04 -1.7 13.4 AppreciationA 32.71 -0.24 -2.0 76.9 Bond n 20.12 -0.05 -1.5 14.2 Intl Eq Instit 9.12 -0.01 -0.8 33.3
NTEqGrp 11.22 -0.04 -3.4 77.2 AMG Managers Funds: SmallCap n 34.01 -1.10 -10.1 86.0 iShUSAggBdIdxK 10.31 -0.03 -1.7 12.8 EmgMkts 13.61 0.31 2.2 44.1 AppreciationI 32.45 -0.23 -2.0 78.4 Community Capital Tr: US Equity Inv pn 33.44 -0.27 -4.4 93.7
NTGrwth 22.78 -0.29 -6.2 115.4 Brandywine I n 42.77 -0.55 -5.0 75.5 Baron Instl Shares: BlackRock Funds Inst: IntlFd 15.22 0.01 0.6 38.6 AppreciationIS 32.56 -0.24 -2.0 78.9 CRAQualInvFd 10.43 -0.02 -1.0 6.5 DoubleLine Funds:
NTHeritage 13.93 -0.44 -11.3 86.9 GWKMBd I 12.18 -0.06 -1.1 11.2 AssetInst 110.13 -3.05 -11.0 83.1 AdvIntl Inst 18.55 -0.01 -0.2 42.2 IntmBdFd 12.60 -0.03 -0.9 9.4 DividendStrat1 n 30.59 -0.23 -1.0 72.5 Credit Suisse Common: CoreFxdIncmI 10.83 -0.01 -1.0 12.0
NTHighInc 9.81 0.00 -0.6 26.9 GWKSmCpCr I 32.57 -0.40 -4.3 70.7 DiscoveryInst 30.49 -1.52 -13.4 81.5 AdvLgCapCore 20.85 -0.04 -2.9 86.9 MCMultiStrM 21.10 -0.17 -3.8 75.4 DividendStratA 30.56 -0.24 -1.0 71.0 ComdtyRet r 26.26 0.56 4.3 35.6 EmgMktIncmI 10.20 -0.06 -2.1 15.3
NTIntlVal 9.83 0.11 2.6 37.2 TSIntlSC I 17.59 -0.27 -5.0 35.4 EmergingMktsInst 17.70 0.20 0.7 39.8 AdvSmCapInst 19.65 -0.40 -7.7 60.4 NtlIntmMuni 13.89 -0.07 -0.9 11.8 DividendStratI 31.60 -0.24 -1.0 72.6 Cullen Funds: FlexibleIncomeI 9.53 -0.02 -0.5 12.9
NTFocLgCapVal 12.18 0.05 2.5 56.9 TSSmCapGrFd Z 17.02 -0.21 -7.4 89.8 FifthAvenueInst 49.06 -1.40 -11.7 89.2 BalCapFd 26.25 -0.02 -2.2 56.7 NtlShTMuni 12.80 -0.03 -0.4 4.4 LargeCapGrowthA 60.85 -0.90 -6.3 87.7 HiDivEqI r 16.93 -0.08 1.1 44.9 GlobalBondN 9.79 0.03 -0.5 -1.2
SDIPB 10.92 0.01 -0.5 17.7 YachtmanFocFd I 21.66 0.36 2.5 65.7 GlobalAdvInst 45.39 -1.40 -13.9 115.5 BasicVal 20.37 0.33 4.7 57.7 Boston Trust Walden: LargeCapGrowthI 69.83 -1.02 -6.3 89.3 Davenport: InfraIncomeI 10.18 -0.01 -1.0 13.2

About our Funds reported closing price for the week. Footnotes: NA: not available. NE: performance excluded by Lipper editor. NN:
fund not tracked. NS: fund not in existence for whole period. e: ex capital gains distributions. f: previous day’s
The listings include the top 2500 open-end funds by assets. These funds value their portfolios daily and report net quote. n: no front- or back-end sales charge. p: fund assets are used to pay marketing and distribution costs (12b-1
asset va lues (the dollar amount of their holdings divided by the number of shares outstanding) to the National fees). r: fund levies redemption fee or back-end load. s: stock dividend or split of 25% or more. t: fund charges
Association of Securities Dealers. Total returns reflect both price changes and dividends; these figures assume that 12b-1 fees (for marketing and distribution) and a back-end load. v: capital-gains distribution may be a return of
all distributions are reinvested in the fund. Because Lipper is constantly updating its database, these returns may capital. x: ex cash dividend. Full mutual-fund listings,including dividend and capital-gains data, now appear free
differ from those previously published or calculated by others. 3 year returns are cumulative. The NAV is the last online at www.barrons.com/listings. All data supplied by Lipper.
January 17, 2022 BARRON’S 67

Mutual Funds Data provided by

Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr.
NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret.
LowDurBdI 9.87 0.00 -0.1 7.2 FIDZroLgCpIx n 16.44 -0.06 -2.5 91.1 FloatRateHighInc 9.51 0.02 0.5 14.7 EqIncK 70.91 0.11 1.0 66.6 Banking nr 33.47 0.79 12.5 72.8 FrkDynTchR6 144.48 -3.25 -11.5 108.2 Hartford Funds I: TEHYC 10.25 -0.05 -1.0 16.5
LowDurBdN n 9.86 0.00 -0.2 6.4 Flex 500 Index 19.88 -0.06 -2.1 90.2 GovtIncome 10.47 -0.02 -1.6 9.8 Europ nr 38.45 -0.18 -0.6 49.9 Biotech nr 17.09 -0.62 -11.7 31.8 FrkGrthOppR6 59.41 -1.27 -9.5 101.2 BalIncI 15.96 -0.05 -0.4 38.8 Invesco Funds Instl:
ShillerEnhCAPEI 17.43 -0.14 -2.1 83.3 FlexIntIdx 13.78 0.14 0.9 41.4 GrOpp 146.14 -2.25 -8.8 130.8 Fidel n 74.66 -0.74 -5.7 107.4 Broker nr 130.08 -1.80 -1.6 116.4 FrkGrthR6 141.71 -2.11 -6.3 92.7 CapAppI 41.61 -0.24 -2.8 72.4 SmCpGr 40.80 -1.48 -11.9 76.3
ShillerEnhCAPEN n 17.41 -0.14 -2.1 82.0 FlexMuniInc 10.46 -0.05 -0.9 13.5 HighIncome 8.61 0.01 -0.8 17.5 FltRateHi nr 9.51 0.02 0.5 14.4 Chem nr 18.49 -0.02 -1.4 57.9 FrkIncR6 2.55 0.02 2.0 40.3 DivGthI 33.87 0.01 0.1 77.4 Invesco Funds P:
TotRetBdI 10.28 -0.01 -1.2 9.2 FlexUSBdIdx 10.33 -0.04 -1.7 12.6 IntCpAp 29.82 -0.69 -6.4 66.7 FocsdStk n 33.17 -0.05 -4.5 107.8 Comp nr 110.20 -0.41 -3.8 139.8 FrkRisDivR6 92.81 -1.18 -4.1 81.2 EmrgMktEqInv r 19.59 0.48 2.7 42.0 Summit P pn 25.69 -0.08 -5.4 98.0
TotRetBdN n 10.28 -0.01 -1.2 8.3 Freedom2060K 14.73 0.06 -0.8 65.7 InvestGradeBd 8.24 -0.03 -1.6 17.4 FournOne n 60.35 0.03 -1.5 62.8 ConDis nr 67.54 -1.76 -6.2 83.3 FrkSmCpGrR6 24.76 -0.36 -6.7 64.6 EqIncI 22.97 0.03 1.3 63.5 Invesco Funds Y:
Driehaus Funds: GlexUSIdxInstPre n 15.42 0.15 0.9 41.2 NewMktsIncFdZ 13.88 -0.18 -2.4 9.2 GNMA n 11.43 -0.04 -1.2 7.1 ConStap nr 99.94 0.35 2.2 66.0 FrkTotRtnR6 9.83 -0.03 -1.6 14.4 FltRateI 8.35 0.02 0.4 12.6 BalancedRiskAllY n 9.74 0.00 -1.8 33.2
EmMktsGr n 41.37 0.79 0.4 53.4 GrowthCompanyK6 21.28 -0.29 -7.0 NS RE Income 13.52 -0.03 -1.6 33.8 GovtInc n 10.45 -0.02 -1.6 9.5 CstHou nr 100.78 -2.21 -6.7 147.7 TempGlbBndR6 8.80 0.07 0.0 -8.9 GrowOppI t 48.86 -0.59 -6.8 101.9 DevMktY n 47.01 0.63 0.0 31.4
Dupree Mutual Fds: InflPrBdIndInsPr n 10.88 -0.03 -2.5 23.4 StkSelAllCap 66.74 -0.25 -3.1 90.1 GroCo n 33.93 -0.45 -7.0 150.4 DfAero nr 16.60 0.23 4.7 27.9 FrankTemp/Mutual A&B: InterValue 16.99 0.53 6.7 35.3 DiscovY n 114.08 -3.32 -10.9 103.6
KYTF n 7.91 -0.01 -0.7 12.2 IntlIdxInstPrem n 49.33 0.07 0.1 42.4 StrgInc 12.55 -0.02 -1.1 20.6 GroInc n 53.82 0.62 3.8 76.3 Energy nr 41.35 2.23 17.1 23.1 Beacn A 18.33 0.23 3.2 51.9 IntlAlphaInv p 17.85 0.07 -0.7 67.7 EqWtdY n 79.09 -0.08 -0.7 78.3
IntlIndex n 12.07 0.11 0.7 42.5 Fidelity Freedom: GrowCoK 34.06 -0.45 -6.9 151.0 Envi&AltEngy nr 33.42 -0.30 -6.3 81.3 Shares A 27.60 0.37 3.2 39.0 IntlOpp 18.72 0.06 -1.0 56.4 GlblOppY n 70.59 -1.47 -7.4 55.3
E IntrTresBdIxPrem n 10.94
LgCpGwId InstPre n 27.96
-0.02
-0.25
-1.8
-5.7
11.4
120.1
2060 K6
FAFree2020I p
14.72
13.58
0.06
0.02
-0.7
-1.2
66.5
41.2
GrStrt nr
GwthDiscovery n
56.84
52.61
-1.08
-0.28
-10.5
-5.7
85.6
115.0
FinSvc nr
Gold nr
13.99
25.05
0.14
0.69
7.6
-3.7
85.6
49.9
FrankTemp/Temp A:
DvMk A p 22.93 0.43 2.3 39.8
MidCap
MunOpptI
33.06
9.02
-0.24
-0.04
-4.2
-0.8
65.1
13.3
GloblY n
IncomeY n
118.69
4.59
-1.25
0.12
-5.3
8.3
77.8
29.7
Eaton Vance Class A: LgCpVlIdxIstPrem n 16.50 0.03 1.0 59.0 FAFree2025I 14.28 0.02 -1.2 45.2 HighInc nr 8.61 0.01 -0.8 17.2 Health nr 28.99 -0.42 -10.3 57.9 Frgn A p 7.72 0.28 7.2 22.2 ShtDur 9.88 -0.01 -0.2 10.1 IntGrowY n 42.77 -1.07 -5.8 59.3
AtlCpSMID p 34.24 -0.33 -3.5 70.5 LTTrsBdIdxInstPr n 14.16 -0.03 -3.9 23.7 FAFree2035I 15.91 0.04 -1.1 59.4 IntBd n 10.90 -0.02 -1.0 12.1 HlthCareSrvPt r nr 129.72 2.18 -5.7 57.4 GlBond A p 8.85 0.08 0.1 -9.8 StrInc 8.84 -0.05 -1.8 21.7 IntlBdY n 5.07 -0.02 -0.7 3.8
DivBldrA 19.52 -0.11 -1.6 76.9 MidCpGrwthIndx n 26.95 -0.59 -9.5 NS FAFree2045A 13.66 0.04 -1.1 63.3 IntlCapiApp K6 15.34 -0.36 -6.5 68.0 ITSvs n 77.33 -1.66 -6.7 69.8 GlSmCo A p 10.84 -0.10 -1.8 51.7 WorldBond 10.39 0.01 -0.1 4.1 IntlSmCoY n 51.74 -2.22 -8.6 57.1
FloatRt 9.12 0.02 0.3 11.5 MidCpInxInstPrem n 30.86 -0.23 -3.5 72.7 FF2005 n 12.49 0.01 -1.0 25.2 IntlDisc n 51.49 -0.56 -2.7 63.3 Leisr nr 16.82 -0.40 -3.7 73.2 Growth A p 24.79 0.20 1.5 23.8 Hartford Funds Y: MnStFndY n 54.98 -0.15 -2.4 83.2
FltgRtAdvg p 10.58 0.02 0.4 13.5 MidCpValIndex n 26.50 -0.02 -0.2 NS FF2010 n 15.57 0.02 -1.0 30.7 IntlEnhIdx n 11.24 0.04 0.9 38.0 Mat nr 107.71 0.35 -1.4 69.4 World A p 15.16 0.16 0.9 25.4 DiscpEq 49.08 -0.30 -2.3 88.6 RocMuniY n 17.53 -0.08 -1.1 26.4
Inc Bos 5.54 -0.01 -0.9 20.7 NewMkt I 13.88 -0.18 -2.5 8.8 FF2015 n 12.91 0.02 -1.1 36.1 IntlGrRet n 20.09 -0.35 -4.6 67.2 MdTchDevis n 74.15 -1.31 -10.9 85.1 FrankTemp/Temp Adv: DivGthY 35.15 0.02 0.1 77.6 Sel40Y n 6.39 0.20 8.6 16.0
LgCpVal 24.91 0.29 2.7 63.5 OTCK6Port 19.60 -0.12 -5.7 NS FF2020 n 16.46 0.02 -1.1 41.3 IntlScOpps nr 24.63 -0.74 -7.2 64.2 Multimedia nr 88.13 0.66 -2.9 91.5 Frng Adv 7.57 0.27 7.2 23.0 GrwthOppY 55.21 -0.68 -6.9 102.1 CoreBdY n 6.63 -0.02 -1.7 16.5
NatlMuniInc 10.24 -0.04 -0.9 14.6 PuritanK6 14.29 -0.01 -2.5 NS FF2020A p 13.44 0.01 -1.2 40.1 IntlSmCap nr 32.53 0.29 0.7 47.7 Pharm n 22.66 -0.27 -4.5 54.3 GlBondAdv p 8.81 0.08 0.1 -9.2 IntOppY 19.95 0.06 -1.0 56.5 Ivy Funds:
ShDurGovIncFd 7.95 -0.02 -0.1 3.6 RealEstIdxInst n 19.04 -0.28 -5.6 39.9 FF2025 n 15.22 0.03 -1.0 45.5 IntMu n 10.69 -0.04 -0.8 11.3 Retail nr 21.30 -0.82 -7.7 89.1 Frost Family of Fund: MidCapY 41.14 -0.30 -4.2 65.5 AssetStrA p 24.20 0.03 -0.9 52.0
ShDurStratIncFd 7.14 NA NA NA SAIIntlMon 13.91 -0.28 -3.6 NS FF2025A p 14.12 0.02 -1.3 44.3 InvGB n 8.23 -0.02 -1.6 17.3 Semiconductors r nr 22.87 0.36 -4.1 246.3 FrTRInst 10.23 -0.01 -0.8 11.4 Hartford HLS Fds IA: AssetStr I r 24.64 0.03 -0.8 53.1
TMG1.0 n 2026.69 -17.43 -3.0 88.3 SAIIntlSmComplet 13.49 -0.40 -6.0 NS FF2030 n 19.14 0.04 -1.0 50.9 InvGrBd 11.43 -0.03 -1.6 18.0 Softwr nr 28.07 -0.28 -6.4 116.2 Balanced 35.03 0.05 -1.2 58.4 BalancedA p 26.29 -0.20 -3.3 53.5
TMG1.1
TMG1.2
90.94 -0.79
40.90 -0.36
-3.1
-3.1
86.5
85.7
SAIRealEstIndxFd 13.08
SAIUSLgCpIndxFd 22.26
-0.19
-0.06
-5.6
-2.1
40.3
90.1
FF2035 n
FF2035A t
16.79
15.74
0.05
0.04
-0.9
-1.1
59.7
58.1
LargeCap n
LCapCrEIdx n
43.71
21.29
0.54
-0.01
3.8
-1.3
78.8
88.1
Tech nr
UtilGr nr
27.29
102.21
-0.20
-0.85
-6.3
-2.7
178.4
43.4
G CapApp
DiscEqui
52.96
20.38
-0.24
-0.12
-2.4
-2.3
72.6
90.0
CoreEqA t
EmgMktEqFdI 27.28
18.46 -0.19
0.56
-4.1
1.3
93.3
56.6
WW Hlth Science p 13.54 -0.25 -7.4 58.1 SeriesBondFd 10.24 -0.03 -1.7 NS FF2040 n 12.09 0.05 -0.7 65.2 LCapGrEIdx n 29.96 -0.08 -4.6 113.3 Fidelity Series: Gabelli Funds: Div&Grwth 27.62 0.01 0.1 78.6 GlGrFundClA p 58.83 -0.06 -1.2 70.3
Eaton Vance Class I: SeriesOverseas 13.75 -0.26 -4.5 NS FF2040A p 17.32 0.05 -1.1 63.3 LevCoSt n 45.94 0.13 -3.5 95.5 Canada 14.81 0.33 1.9 63.3 Asset pn 58.50 -0.04 -0.1 56.3 IntlOpp 20.69 0.06 -1.0 56.9 HiIncA p 7.02 0.02 0.0 21.9
AtlCpSMID 39.77 -0.38 -3.6 71.8 SerLTTreBdIdx 8.18 -0.01 -3.9 23.6 FF2045 n 13.84 0.05 -0.8 65.2 LgCpVHIdx n 16.31 0.07 1.7 63.7 FASeriesEqGroFd 15.59 -0.07 -5.6 120.8 GabelliAsstFdClI 58.30 -0.03 -0.1 57.5 MidCap 38.63 -0.27 -4.2 65.8 HiIncI r 7.02 0.02 0.0 22.7
FloatRtHiInc 8.71 0.01 0.1 14.0 SmallCapValIndx n 26.04 0.08 0.4 NS FF2050 n 13.98 0.06 -0.8 65.3 LmtTrmMuniIncm n 10.70 -0.04 -0.6 7.1 HthCarZ 66.06 -0.94 -10.3 50.9 SmCapG n 46.38 -0.21 -2.0 60.9 SmallCo 22.42 -0.64 -8.8 87.0 IntlCorEqI r 21.28 0.33 1.8 43.8
FltgRt 8.82 0.02 0.3 12.3 SmCpIdxInstPrem n 26.56 -0.21 -3.6 56.9 FrdmBlen2025 K6 11.69 0.01 -1.3 45.9 LowP nr 54.19 0.39 0.7 65.1 IntMuni Z 10.71 -0.04 -0.8 11.5 SmCpGrwI 48.42 -0.22 -2.0 62.1 SmCpGrwth 33.60 -0.88 -8.2 62.6 LgCpGwthA p 32.29 -0.30 -5.8 113.5
GblMacAbR 8.59 -0.01 0.1 15.9 STBdIdx InstPrem n 10.07 -0.01 -0.6 7.9 Free2045L 13.79 0.04 -1.1 64.5 LowPriStkK r 54.12 0.39 0.7 65.6 STCrFd 9.98 -0.02 -0.4 8.6 Util A p 7.99 -0.09 -2.2 30.1 Stock 111.23 -1.52 -2.4 76.4 LgCpGwthl r 34.86 -0.33 -5.8 115.5
IncBos 5.55 0.00 -0.7 21.6 STTreIdx InstPre n 10.47 -0.02 -0.7 6.7 Free2050I 13.80 0.04 -1.1 64.5 LowPriStkK6 15.47 0.11 0.8 65.0 FidelityAdviAsset: GAMCO Funds: TotRetBd 11.06 -0.04 -2.0 16.4 MidCapI 38.60 -1.02 -8.8 109.6
LgCpVal 25.04 0.30 2.7 64.8 TMktIdxInstPrem n 130.22 -0.56 -2.7 86.8 Free2055 n 16.14 0.07 -0.8 65.3 LtdTmBdFd n 11.58 -0.03 -0.6 9.2 ADVAssetMan60 15.82 -0.03 -2.2 50.0 GwthAAA pn 92.88 -1.18 -6.9 108.1 UltraShBd 9.99 0.00 -0.1 3.9 MdCpGwthA p 34.36 -0.91 -8.8 107.2
NatlMuniInc 10.24 -0.04 -0.9 15.5 TotalMarketIndex n 16.35 -0.07 -2.6 87.4 Free2060InstPrem 16.90 0.02 -1.4 62.8 MagellanK 14.17 -0.22 -7.7 90.7 First Eagle Funds: Gartmore Funds: Heartland Funds: MuniHighIncA t 5.11 -0.01 -0.9 14.5
Eaton Vance Funds: TtlIntIdxInstPr n 14.42 0.13 0.6 42.2 Freedom2010 K 15.56 0.02 -1.0 30.8 Magin n 14.18 -0.22 -7.7 90.2 GlbA 65.84 0.94 2.0 44.7 NationwideInstSv 29.19 0.03 -2.1 89.5 Val Inv n 46.95 0.57 1.1 54.9 ScTechA p 67.10 -0.19 -5.8 111.9
ParTxMgdEmgMktIn 48.42 0.97 1.8 20.9 USBdIdxInstPrem n 11.76 -0.05 -1.8 12.7 Freedom2015 K 12.90 0.02 -1.0 36.4 MAMun n 12.39 -0.05 -0.9 12.1 Gold p 22.31 0.39 -3.1 59.3 Gateway: Hennessy Funds: ScTechI r 81.03 -0.22 -5.8 113.2
Edgewood Growth Instituti: USSusIdx n 20.48 -0.13 -3.4 92.4 Freedom2015 K6 12.85 0.02 -1.0 36.7 Manager40 n 13.70 -0.03 -1.9 36.6 OverseasA 25.65 0.37 1.3 31.0 GatewayA 40.43 -0.07 -0.7 29.0 FocInv 65.89 -0.38 -4.6 70.0 SmCapGrA t 14.57 -0.26 -7.2 56.1
EdgewoodGrInst 55.01 -1.39 -9.1 106.1 Fidelity Adv Focus A: Freedom2020 K 16.45 0.03 -1.1 41.7 Manager60 n 15.83 -0.04 -2.2 49.8 US Val A t 20.79 0.28 2.1 48.7 GE Elfun/S&S: JapanInst 45.47 -0.55 -4.7 35.5 SmCapGrI r 23.62 -0.42 -7.2 58.0
HthCarA r 59.63 -0.85 -10.3 49.2 Freedom2020K6 16.39 0.03 -1.1 42.1 McpVl n 30.45 0.25 0.6 58.7 US Val I r 21.23 0.29 2.1 50.0 Tax Ex n 11.36 -0.05 -0.8 12.5 Homestead Funds:
F TechA t
Fidelity Adv Focus C:
94.81 -0.42 -5.8 191.3 Freedom2025 K
Freedom2025K6
15.20
15.16
0.03
0.03
-1.0
-1.0
45.9
46.4
MegaCpStk n
MidCap n
20.12
42.52
0.26
0.27
3.8
0.8
87.2
73.8
FMI Funds:
IntlInvst n 35.90 0.02 0.9 30.1
Trusts n
GMO Trust Class III:
79.23 0.28 -0.6 103.3 ShtTmBd n
Value n
5.16
54.56
-0.01 -0.6 7.6
-0.09 0.4 69.6 J
Fairholme: HthCarC p 44.71 -0.65 -10.3 45.8 Freedom2030 K 19.13 0.05 -1.0 51.3 MidCapEnIdx nr 18.17 -0.03 -2.4 69.6 LgCapInvst n 19.81 -0.05 0.8 58.2 EmgCntryDt r 23.09 NA NA NA Hotchkis and Wiley: Janus Henderson:
Fairholme n 30.58 -0.85 -1.8 89.3 Fidelity Adv Focus M: Freedom2030K6 19.07 0.05 -1.0 51.9 MidCapStkK r 42.55 0.28 0.8 74.3 FPA Funds: Quality 30.25 0.27 -0.5 93.8 HiYldI 11.47 0.03 -0.3 18.3 Balanced C 43.89 -0.33 -3.0 52.9
FAM Dividend Focus: Tech p 87.19 -0.39 -5.8 189.1 Freedom2035 K 16.78 0.06 -0.8 60.2 MIMun n 12.52 -0.05 -0.9 12.9 FPACres n 37.49 0.42 1.3 51.5 GMO Trust Class IV: Balanced S 44.45 -0.33 -3.0 55.4
FAMDivFocFd n 49.65
FAM Value:
-1.01 -5.4 73.6 Fidelity Advisor:
MultiAstIn Retai n 14.93 0.05 -0.2 65.1
Freedom2035K6
Freedom2040 K
16.73
12.09
0.05
0.05
-0.9
-0.7
60.8
65.7
MNMun n
MtgSec n
11.90
11.21
-0.05
-0.05
-0.9
-1.4
11.5
8.1
NwInc n
Franklin:
9.96 0.00 -0.1 7.1 EmgCntrDt
IntlEq
23.05
24.58
NA NA NA
0.32 3.1 48.6
I Balanced T n 44.55
Contrarian T n 28.67
-0.33
-0.15
-3.0
-2.6
56.6
103.7
FAMValue n 96.13 -1.66 -3.5 64.1 SrsAdvIntlCapApp 29.77 -0.70 -6.5 66.1 Freedom2040K6 12.04 0.05 -0.7 66.5 MuniInc n 13.42 -0.07 -1.0 15.1 FrnkGrowFdClA 18.26 NA NA NA Quality 30.33 0.27 -0.5 94.1 IFP US Equity Fund: Enterprise Inst 97.77 -0.09 -2.7 76.8
Federated Hermes: StragInc n 12.55 -0.02 -1.0 20.5 Freedom2045 K 13.83 0.05 -0.8 65.6 NASDAQ nr 187.40 -0.53 -4.8 121.0 Franklin A1: GMO Trust Class VI: IFP US EquityFd 21.37 0.02 -0.7 83.6 Enterprise T n 152.16 -0.08 -2.7 77.9
FdIntlGrIS 17.12 -0.26 -6.1 76.6 Tech Z 105.67 -0.46 -5.8 194.7 Freedom2045K6 13.78 0.05 -0.8 66.4 NewInsights Z 39.90 -0.26 -4.8 83.1 AZ TF A1 p 10.91 -0.04 -0.8 12.3 EmgMkts r 34.52 NA NA NA INVESCO A Shares: Forty A p 50.25 -0.53 -6.6 109.2
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FedHerInterEquit 28.66 0.11 -0.9 53.4 TotBdFdClZ 10.87 -0.03 -1.5 17.8 Freedom2050 K 13.97 0.06 -0.8 65.7 NewMill n 43.20 0.46 3.2 63.7 CA TF A1 p 7.66 -0.03 -1.1 15.4 Quality 30.25 0.27 -0.5 94.4 AmValA 40.74 0.56 3.5 56.0 Forty S 47.40 -0.51 -6.6 108.3
FedHerUltBon 9.16 0.00 -0.1 NS Fidelity Advisor A: Freedom2050K6 13.94 0.05 -0.8 66.4 NewMkt nr 13.88 -0.18 -2.4 8.9 CAHY A1 p 11.32 -0.05 -1.0 17.7 Goldman Sachs A: Invesco Fds Investor: GlbEqIncA 7.16 0.14 3.2 38.3
Federated Hermes A: AdvMdCpIIA p 23.02 -0.01 -2.3 67.7 Freedom2055 K 16.13 0.06 -0.8 65.7 NJMun nr 12.41 -0.06 -1.0 15.2 CAInt A1 p 11.93 -0.05 -0.9 8.6 CapGr 31.01 NA NA NA DivrsDiv n 20.66 0.16 3.5 51.1 GlbResch T nr 100.57 0.27 -1.9 73.4
EqIncA p 24.63 0.16 2.4 53.8 AdvStrDivInA p 17.44 -0.02 -1.0 54.8 Freedom2055K6 16.10 0.06 -0.8 66.4 NYMun n 13.48 -0.06 -1.1 13.5 Fed TF A1 p 12.16 -0.05 -1.0 14.2 HYMuni p 10.59 NA NA NA GlHltCr pn 36.31 -0.54 -9.7 49.3 GblResh Inst 69.97 0.20 -1.8 74.2
FdShInToRetA 10.49 -0.01 -0.6 8.2 BalancA t 28.01 -0.07 -2.1 69.9 Freedom2060 n 14.74 0.06 -0.8 65.1 OHMun n 12.35 -0.05 -0.8 11.9 FedInt A1 p 12.11 -0.05 -0.8 8.9 Muni 16.64 NA NA NA Tech n 54.85 -0.36 -8.6 98.5 GlbSel T n 18.05 0.26 0.8 66.8
FedMunULA pn 10.01 -0.01 -0.2 2.4 BioTech 24.71 -0.48 -9.1 35.8 FundK 74.64 -0.74 -5.7 107.9 OTC n 18.48 -0.12 -5.7 131.8 HiInc A1 1.87 0.00 -0.5 23.8 Goldman Sachs Inst: Invesco Funds A: GlLifeSci T nr 64.24 -0.47 -6.7 54.0
KaufmannA p 5.99 -0.15 -10.3 50.7 DivIntlA 28.37 -0.43 -3.9 63.0 Idx2010InsPre 14.08 -0.02 -1.4 29.1 OTC K 18.87 -0.11 -5.7 132.6 HY TF A1 p 10.36 -0.04 -0.9 18.2 CoreFix 10.68 -0.03 -1.8 16.1 500InxA p 49.12 -0.15 -2.1 87.2 GlTech T nr 50.17 -0.07 -7.0 131.0
KaufmnLCA p 30.82 -0.70 -8.8 76.9 EqGrA p/r t 16.26 -0.08 -5.7 114.1 Idx2015InsPre 15.38 -0.01 -1.5 34.6 OverseasK r 64.37 -1.24 -4.7 64.3 IncomeA1 p 2.56 0.01 2.0 38.7 EmgMktEq 29.05 NA NA NA ActiveAllA 14.86 -0.11 -3.6 48.5 Grw&Inc T n 76.01 -0.93 -3.3 70.7
KaufmnSCA p 52.53 -1.40 -10.4 68.1 EqInA 32.76 0.36 3.6 56.2 Idx2020InsPre 17.00 -0.01 -1.5 39.7 Ovrse n 64.52 -1.25 -4.7 63.8 MIInsTF A1 p 11.73 -0.06 -0.9 12.6 EnhInc 9.48 -0.01 -0.2 5.8 AMTFrNY p 12.12 -0.06 -1.1 18.3 MdCpVal T n 17.01 0.10 1.9 48.8
MunStkAdvA p 14.76 -0.04 -0.4 32.6 FF2030A p 15.52 0.02 -1.2 49.6 Idx2025InsPre 19.28 0.00 -1.5 43.7 PcBas nr 38.69 0.48 -0.8 74.7 MNInsTF A1 p 12.55 -0.06 -1.0 11.4 Gr 34.19 NA NA NA BalancedRiskAllA 9.51 0.00 -1.9 32.1 Resh T n 64.07 -0.43 -5.8 97.5
ShIntDurMuA p 10.26 -0.03 -0.5 3.8 GrOppA 130.85 -2.03 -8.8 128.2 Idx2030InsPre 20.38 0.00 -1.5 49.0 PuritanK 26.47 -0.04 -2.6 66.0 MO TF A1 p 11.81 -0.05 -0.8 12.3 HYMuni 10.60 NA NA NA CapApprA p 64.41 -0.89 -7.3 101.2 Venture T n 88.75 -1.88 -7.4 63.0
ShtIncA t 8.58 -0.01 -0.3 6.9 HiIncAdvA 12.52 0.00 -1.2 34.7 Idx2035InsPre 22.85 0.02 -1.4 57.3 Puritn n 26.50 -0.04 -2.6 65.7 NY TF A1 p 11.19 -0.05 -1.1 12.7 Int 14.60 NA NA NA Chart 18.81 -0.05 -2.5 75.3 Jensen I :
StrValDivA p p 6.17 0.12 5.3 37.5 IntCpApA p 27.76 -0.65 -6.5 64.7 Idx2040InsPre 23.33 0.03 -1.4 62.9 RealE n 50.57 -0.81 -6.4 48.5 OHInsTF A1 p 12.90 -0.05 -0.9 11.7 Muni 16.63 NA NA NA CmstA 31.21 0.44 5.3 65.7 Jensen I 63.96 -0.91 -5.2 87.6
UltraShortA pn 9.17 0.00 0.0 5.4 LevCoStA p 54.38 0.19 -3.4 87.4 Idx2045InsPre 24.22 0.02 -1.4 62.8 RealEstInc nr 13.58 -0.03 -1.6 33.4 OR TF A1 p 11.75 -0.05 -0.9 11.8 ShDuTF 10.72 NA NA NA CoreBdA p 6.67 -0.02 -1.7 15.4 JensenQualGrJ n:
StockTrA 31.51 0.10 0.5 60.0 NwInsghtA p 38.31 -0.25 -4.7 81.1 Idx2050InsPre 24.26 0.02 -1.4 62.8 REInc n 11.63 0.00 -0.9 31.6 PA TF A1 p 9.92 -0.05 -0.9 10.9 SmCapVa 58.49 NA NA NA CpBdA 7.44 -0.04 -2.1 25.1 JensenQualGrJ n 64.02 -0.92 -5.2 86.3
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Federated Hermes C: SmllCapA p 30.39 -0.25 -5.2 82.6 Idx2055InsPre 19.96 0.02 -1.4 62.8 SAIIntlMinVolInd 11.36 -0.05 -2.0 20.1 US Gov A1 p 5.76 -0.03 -1.0 5.4 Guggenheim Funds Tru: DevMkt 38.08 0.36 -0.4 34.1 John Hancock:
StraValDivC p 6.18 0.11 5.3 34.3 StkSelMC p 41.42 -0.33 -2.5 65.1 Idx2055Investor 19.95 0.02 -1.4 62.6 SAILTTreBdIdx 10.89 -0.02 -4.2 24.6 Utils A1 p 21.58 -0.18 -2.0 43.9 FloRaStraFdInst 25.15 0.04 0.4 12.9 DevMktA 47.81 0.64 0.0 30.4 500Index1 51.32 -0.15 -2.1 88.6
Federated Hermes Int: StrInA 12.37 -0.02 -1.0 19.4 Idx2020 Premier 16.99 -0.01 -1.6 NS SAISm-MidCap500I 10.89 -0.06 -3.1 72.2 Franklin Templeton: MacOppFdClInstl 26.96 -0.01 -0.5 16.1 DiscFdA p 92.72 -2.71 -11.0 102.1 BondI 15.86 -0.05 -1.6 17.7
GloFinI 38.22 0.43 2.6 53.9 TotalBdA p 10.89 -0.03 -1.6 16.4 Idx2025 Premier 19.27 0.00 -1.5 NS SAIUSMinVolIndFd 18.61 -0.23 -3.7 62.2 TgtGro A p 19.61 NA NA NA TotRtnBdFdClInst 28.08 -0.06 -1.6 18.7 DisMdCpGrA 26.65 -0.82 -11.8 97.6 BondR6 15.89 -0.05 -1.6 18.2
InsHiYld r 9.83 0.00 -0.8 22.4 Fidelity Advisor C: Idx2030 Premier 20.37 0.00 -1.5 NS SAIUSQtyIdx 18.27 -0.04 -3.6 95.0 TgtModA p 15.80 NA NA NA TotRtnBondFdClA 28.06 -0.05 -1.6 17.7 DivIncm p 26.46 0.13 3.4 43.6 CapApprNAV 15.81 -0.31 -8.3 111.7
MDTSmCIS 25.38 -0.14 -3.5 64.4 BalancC 27.73 -0.07 -2.1 66.1 Idx2035 Premier 22.85 0.02 -1.4 NS SCEnhIdx n 14.72 -0.08 -3.5 60.6 FrankTemp/Frank Adv: GuideMark Funds: DivrsDiv p 20.67 0.17 3.5 50.7 ClassicVal I 42.61 0.69 6.3 55.2
TtlRtnBdI 10.98 -0.04 -1.5 18.0 GrOppC p 106.47 -1.67 -8.9 123.1 Idx2040 Premier 23.32 0.03 -1.4 NS SCValueI r 21.92 0.17 1.4 80.5 CA HY Adv t 11.34 -0.05 -1.0 17.9 LgCpCorServ pn 29.86 -0.08 -2.5 86.0 EqIncA 11.57 0.08 2.0 53.1 DispVal I 24.32 0.42 3.7 62.7
Federated Hermes IS: NwInsghtC t 30.36 -0.21 -4.8 77.0 Idx2045 Premier 24.22 0.03 -1.4 NS SmallCap nr 19.00 -0.22 -5.0 58.5 CA IntAdv 11.96 -0.05 -0.8 8.9 GuideStone Funds: EqInvA 15.52 -0.11 -3.7 54.3 DispValMdCpR6 28.47 0.39 2.9 72.4
IntEq IS p 28.65 0.11 -0.9 53.2 Fidelity Advisor Fun: Idx2050 Premier 24.26 0.03 -1.4 NS SmCapDisc n 30.19 -0.02 -1.5 69.9 CA TF Adv t 7.65 -0.03 -1.0 15.7 AggrAllGS4 n 13.69 NA NA NA EqWtdA p 78.14 -0.09 -0.7 77.0 DispValR6 24.37 0.42 3.7 63.2
KaufmnIS 6.23 -0.15 -10.2 53.2 BalFdZ 28.70 -0.07 -2.1 71.8 Idx 2055 Premier 19.95 0.02 -1.4 NS SmlCapO n 14.32 -0.09 -4.0 71.7 CvtScAdv 23.57 -0.28 -5.3 78.5 BalAllGS4 n 12.86 NA NA NA FltgRate p 7.32 0.02 0.4 13.7 IntlGrwI 33.61 0.01 -3.6 63.8
KaufmnSCI 54.05 -1.43 -10.4 70.5 InterDiscZ 51.23 -0.55 -2.7 63.8 IdxIncInsPre 12.51 -0.01 -1.3 21.0 SmlCpGrth nr 29.04 -0.61 -8.4 78.1 Dynat Adv 142.68 -3.22 -11.5 107.6 EqindxGS2 49.45 NA NA NA GblAllocA 20.42 -0.04 -2.3 40.9 MdCpIdxI 24.38 -0.09 -2.0 64.1
CorpBondFdIS 9.55 -0.02 -1.7 21.3 IntlGrwZ 20.07 -0.36 -4.6 67.9 Income n 11.75 0.00 -0.9 22.0 SmlCpGrth K6 15.46 -0.31 -8.2 80.0 Fed TF Adv 12.17 -0.06 -1.0 14.6 EqIndxGS4 n 49.46 NA NA NA GblStrIncmA p 3.56 -0.01 -0.5 7.6 Science&TechI 34.21 -0.28 -6.5 110.2
FdShinToRetI 10.48 -0.02 -0.7 8.9 Fidelity Advisor I: Income K 11.73 0.01 -0.9 22.2 SmlCpGrth Z 29.29 -0.62 -8.4 78.6 FedIntAdv 12.14 -0.05 -0.8 9.2 GrAllGS4 n 13.64 NA NA NA GlbOppA p 68.71 -1.43 -7.4 54.2 TotalStkMktIdxI 30.05 -0.13 -2.7 83.8
GovUltra 9.93 -0.01 -0.1 3.4 BalancI 28.69 -0.08 -2.1 71.1 Fidelity Invest: SmlCpVal nr 21.92 0.17 1.4 80.6 GrOpAdv p 58.31 -1.25 -9.5 100.6 GrEqGS2 27.85 NA NA NA Glcoreeq p 15.58 -0.05 -2.7 51.7 VolGrw1 13.08 0.00 -1.5 28.3
KaufmnLCIS 32.19 -0.73 -8.8 78.3 BiotechI 26.91 -0.52 -9.1 36.9 AdvSrsGroOpport 12.80 -0.21 -8.9 130.5 Srs1000ValIndRet 15.71 0.02 1.0 59.2 Growth Adv t 141.85 -2.11 -6.3 92.2 GrEqGS4 n 27.40 NA NA NA GlGr 29.48 -0.31 -5.3 52.4 John Hancock Class 1:
ShIntDurMuInst 10.26 -0.03 -0.5 4.8 ConsvIncmMuni I 10.03 -0.01 -0.1 2.8 AggrInt n 26.56 -0.63 -6.5 66.4 SrsBlChGroRetail n 15.32 -0.23 -6.9 138.8 HY TF Adv 10.41 -0.04 -0.9 18.6 IntEqGS2 14.96 NA NA NA GlHltCr 36.30 -0.54 -9.7 49.3 BlueChipGrw 52.09 -0.58 -7.0 81.8
StraValDivIS 6.21 0.12 5.4 38.5 DivIntl 28.97 -0.44 -3.9 64.2 AilSectEq 11.63 -0.02 -2.3 98.8 SrsCommStrt 4.27 0.10 4.4 32.8 IncomeAdv 2.54 0.02 2.0 39.6 LowDurGS2 13.39 NA NA NA GrIncA 25.35 0.27 3.8 62.5 CapAppr 15.70 -0.30 -8.3 111.4
StrincIS 9.26 -0.01 -1.2 20.9 EqGrI 18.69 -0.10 -5.7 115.8 AMgr20% n 14.60 -0.03 -1.4 22.1 SrsEmrgMkt 21.28 0.50 1.2 49.9 RisDv Adv r 92.82 -1.19 -4.2 80.8 MedDurGS2 14.86 NA NA NA GrowAlloc p 16.25 -0.12 -3.6 43.4 LSAggr 16.72 0.08 -0.9 66.7
UltraShortI 9.16 -0.01 -0.1 6.2 FAEmgMktI 34.52 0.76 2.3 63.8 AMgr50% n 21.79 -0.05 -2.0 43.1 SrsGlobal 15.19 0.15 0.9 41.2 SmCpGrAdv p 24.13 -0.36 -6.7 63.8 ValEqGS2 21.70 NA NA NA Hyld 3.94 0.00 -0.6 17.5 LSBalncd 15.27 0.04 -1.0 47.4
ShtlncIS 8.58 -0.01 -0.2 8.0 FAIntDiscI r 51.30 -0.55 -2.7 63.2 AMgr70% n 28.24 -0.07 -2.2 56.0 SrsGroCoRetail 19.00 -0.26 -6.9 158.9 SmCpValAdv t 62.29 0.30 1.9 63.1 HYMuA 10.28 -0.05 -0.9 19.0 LSConserv 13.14 -0.01 -1.0 24.3
FedMuniUl A
Federated Hermes R:
10.01 -0.01 -0.2 3.1 FAInvGrdI
FF2030
8.24
15.64
-0.02
0.03
-1.6
-1.2
17.1
50.8
AMgr85% n
AstMgr30R n
26.02
12.64
-0.06
-0.03
-2.5
-1.7
66.6
29.7
SrsIntlGrw
SrsIntlSmCp
18.24
20.07
-0.32
-0.51
-4.6
-6.2
73.2
65.7
SmMCpGrAv t 45.93
USGovAdv p 5.78
-1.27
-0.03
-11.5
-1.0
93.9
5.8
H IntlBdA p
IntlDivA
5.07
20.85
-0.02
-0.21
-0.7
-3.2
3.0
46.8
LSGwth
LSModer
16.17
13.81
0.06
0.01
-1.0
-1.0
57.6
35.7
KaufmnR r 6.01 -0.15 -10.3 50.8 FF2040 17.49 0.05 -1.1 64.5 Balanc n 29.74 -0.07 -2.1 71.7 SrsIntlVal 11.70 0.22 4.7 47.7 Utils Adv 21.79 -0.19 -2.0 44.5 Harbor Funds: IntlGrow 26.80 -0.01 -1.1 46.8 RetCho2015 11.18 -0.02 -1.2 18.9
Federated Hermes R6: FltRatel 9.50 0.01 0.4 14.3 BalancedK 29.74 -0.07 -2.1 72.1 SrsSmCapDiscRet 14.01 -0.01 -1.7 78.4 FrankTemp/Franklin A: Bond 11.69 -0.02 -1.5 15.2 IntlGrowA p 43.10 -1.09 -5.8 58.1 RetCho2025 11.94 -0.02 -1.4 29.6
FedInstHYBondL 9.84 0.01 -0.8 22.5 GrOppI 144.44 -2.23 -8.8 130.0 BluCh n 171.29 -2.25 -6.7 138.0 STBF n 8.58 -0.01 -0.3 6.8 BAL A t 13.62 -0.02 0.3 41.1 CapApInst 92.57 -1.72 -8.1 109.3 IntlSmCoA 52.20 -2.24 -8.6 56.0 RetCho2030 13.38 -0.01 -1.6 40.0
KaufmnSCL 53.60 -1.42 -10.4 70.5 HiIncAdvI 11.71 0.01 -1.1 35.7 BluChpGr K6 26.00 -0.34 -6.7 144.5 StkSelCpK 67.08 -0.25 -3.1 90.1 BalInv p 37.04 0.55 3.6 52.5 CapApInv pn 85.85 -1.61 -8.2 107.0 IntTMIA p 11.41 -0.05 -0.8 12.3 RetCho2035 14.50 0.00 -1.7 48.4
StrValL 6.21 0.12 5.4 38.6 HthCarI r 66.00 -0.94 -10.3 50.3 BluChpGrK 171.90 -2.25 -6.7 138.6 StkSelSmCp n 32.97 -0.20 -4.0 81.4 BioDis A p 114.07 -0.78 -7.3 20.3 IntlGr r 19.61 -0.50 -6.8 63.1 InvescoFd p 25.53 0.89 -2.6 84.5 RetCho2040R4 15.15 0.00 -1.7 53.4
TtlRtnBdL 10.98 -0.03 -1.4 18.1 IntlGr 20.03 -0.36 -4.7 67.2 CALmtTrmTFB n 10.70 -0.03 -0.6 6.3 StkSlcACap n 67.26 -0.25 -3.1 89.6 CoreAll A p 23.70 -0.09 -2.9 60.9 IntlInst r 47.94 0.40 1.6 46.1 InvGloblFdA 117.74 -1.25 -5.3 76.6 RetCho2045 15.59 0.01 -1.6 56.2
Fidelity: IntlSmCp 32.76 0.30 0.7 47.7 CAMun n 13.19 -0.06 -1.0 12.9 StratDivInc n 17.58 -0.02 -1.0 56.1 CvtSc A p 23.57 -0.28 -5.3 77.1 LgCpValue 23.03 0.08 -0.8 80.6 LmtdTrmMunInc p 11.42 -0.02 -0.4 7.4 RetCho2050R4 13.97 0.01 -1.6 57.3
500IdxInstPrem n 161.82 -0.47 -2.1 90.2 LmtdTrmBdFd 11.58 -0.03 -0.7 9.1 Canad nr 65.80 1.44 1.9 59.1 StrDivIncI 17.52 -0.02 -1.0 56.0 DynaTech A p 137.23 -3.10 -11.5 106.0 SmCpGwth 14.04 -0.26 -7.9 87.1 MnStFndA 55.52 -0.16 -2.5 81.9 RetLiv2025 10.95 0.02 -1.2 48.6
BalancedK6 14.61 -0.03 -2.0 NS MuniIncI r 10.71 -0.04 -0.8 11.1 CapAp n 41.79 -0.29 -5.3 98.3 TaxFrB nr 12.02 -0.06 -1.0 15.4 EqIn A p 31.73 -0.16 -0.4 61.6 SmCpValInst 42.75 0.25 0.4 59.2 MnStOpA p 24.44 0.05 -1.9 90.1 RetLiv2030 11.66 0.02 -1.3 54.7
Contrafund K6 22.20 -0.17 -4.9 94.8 MuniIncome 13.41 -0.07 -1.0 14.8 CapDevA p 19.68 0.24 3.9 76.7 TotalBond n 10.89 -0.03 -1.5 17.5 FlRtDA A p 7.91 0.02 0.6 6.2 Harding Loevner: MnStSmCpA p 27.54 -0.01 -2.7 63.8 RetLiv2035 12.29 0.02 -1.4 59.7
EmgMktIdxInstPre n 12.38 0.32 2.4 34.4 NwInsghtI 39.75 -0.26 -4.7 82.4 CapDevO n 20.61 0.26 3.9 78.3 TotalBond K6 10.10 -0.03 -1.5 17.9 FoundFAlA p 14.93 0.06 -0.1 28.4 EmgMktsAdv n 59.53 0.49 0.1 32.0 ModInvA 11.80 -0.06 -2.9 39.8 RetLiv2040 12.72 0.03 -1.3 64.0
ExtMktIdxInstPre n 82.55 -0.96 -5.3 70.0 REIncmInst 13.53 -0.03 -1.6 33.4 ChinaReg n 44.23 1.62 1.8 72.6 Trend n 159.61 -2.23 -7.1 120.5 FrkIntlGrthA 19.60 -0.70 -8.2 58.7 IntlEq 29.73 -0.11 -1.1 56.0 MunInA 13.68 -0.06 -1.0 16.0 RetLiv2045 12.62 0.04 -1.3 65.8
FidAdAsset 14.59 -0.03 -1.5 22.2 SmCapGrwI 29.14 -0.61 -8.3 77.9 CnvSc n 35.66 0.02 -2.2 90.7 Utility n 27.88 -0.02 -0.3 30.9 FSmCoSer r 21.40 -0.13 -1.8 39.1 Hartford Funds A: QualityIncomeA 11.20 -0.04 -1.3 8.2 John Hancock Funds A:
FidAdAsset 13.70 -0.03 -1.9 36.7 StrInI 12.55 -0.02 -1.1 20.4 Contra n 17.88 -0.13 -4.7 96.9 Value n 14.94 0.15 1.7 85.1 GoldPrM A p 21.59 0.56 -1.8 102.4 BalIncA 15.96 -0.04 -0.4 37.9 RchHiYldMuniA 8.06 -0.04 -1.1 26.8 BalA 26.61 -0.08 -1.9 54.3
FidAdEm 43.18 0.61 -1.0 NS Total Bd 10.87 -0.03 -1.5 17.3 ContraK 17.94 -0.12 -4.7 97.3 ValueDisc n 38.84 0.26 1.5 63.2 GrOp A p 52.37 -1.12 -9.5 99.1 CapAppA p 41.33 -0.25 -2.8 70.9 RealEst p 22.60 -0.30 -6.1 46.2 BondA p 15.86 -0.05 -1.6 16.7
FidAdJapan 18.00 0.03 -2.5 54.5 Fidelity Advisor M: CorpBd n 12.15 -0.06 -2.2 21.9 ValueK 14.96 0.16 1.8 85.8 Growth A p 140.98 -2.10 -6.3 90.7 Chks&Bal p 10.75 -0.03 -1.5 52.7 RisingDivA 24.88 -0.21 -2.9 75.9 DispVal 25.35 0.44 3.7 61.5
FidFreeBlend 11.67 0.02 -1.2 NS Balanced p 28.43 -0.07 -2.1 68.7 CpInc nr 11.06 0.00 -1.2 39.0 Wrldw n 34.44 -0.21 -4.1 87.4 LwDuToRt A 9.45 -0.01 -0.3 7.7 DiscpEqA p 48.36 -0.30 -2.3 87.1 RochAMTFrMuni 7.84 -0.03 -0.9 24.0 DispValMdCp 27.17 0.38 2.9 70.7
FidFreeBlend 11.79 0.02 -1.2 NS EqGr p 15.74 -0.08 -5.7 112.5 DisEq n 61.01 -0.83 -6.6 97.6 Fidelity SAI: RisDv A p 92.93 -1.19 -4.2 79.5 DivGth A p 34.08 0.01 0.1 76.0 RochCAMuni 9.14 -0.04 -0.9 19.4 FunLgCpCorA p 70.39 0.23 -1.6 95.2
FidFreeBlend 12.16 0.03 -1.1 NS EqIn p 33.85 0.37 3.6 55.1 DivGrowK 35.61 -0.18 -2.7 58.4 FidSAIEmgMktIndx 16.04 0.41 2.4 34.0 SmCpGr A p 21.26 -0.31 -6.7 62.6 EqInc t 23.14 0.02 1.3 62.3 RochLmtTrNYMuni p 3.04 -0.01 -0.6 12.4 InvGrBdA 10.59 -0.04 -1.7 14.1
FidFreeBlend 12.41 0.03 -1.0 NS GrOppM p 129.12 -2.01 -8.8 126.6 DivGth n 35.66 -0.18 -2.7 57.9 FidSAIIntlIndxFd 14.16 0.02 0.1 42.2 SmCpVal A p 58.34 0.28 1.9 61.8 FltRateA t 8.40 0.01 0.2 11.7 RochPAMuni 11.56 -0.03 -0.5 21.5 IntlGrw 33.52 0.01 -3.5 62.3
FidFreeBlend 12.41 0.03 -1.0 NS NwInsghtM p 36.13 -0.24 -4.7 79.7 DivIntl n 46.61 -0.71 -3.9 63.0 IntlValIdx 9.89 0.31 6.8 31.1 SmMCpGrA p 39.30 -1.09 -11.5 92.5 GrOppty t 44.20 -0.55 -6.9 100.4 RoMu A p 17.52 -0.08 -1.1 25.4 LifeAggr 16.82 0.08 -1.0 64.8
FidSAI 9.92 0.01 -0.8 NS SmllCapM p 27.04 -0.22 -5.2 81.4 DivIntl K6 14.83 -0.22 -3.8 64.4 LowDurationInc 9.99 0.00 0.0 NS StrInc A p 9.31 -0.01 -0.7 11.6 GrowAllA p 14.53 -0.02 -1.3 49.9 SenFltRtA 7.11 0.02 0.6 4.4 LifeBal 15.40 0.03 -1.1 45.8
FidSAIEmerg 14.18 0.33 3.5 NS StkSelMC 41.85 -0.33 -2.5 63.9 DivIntlK r 46.51 -0.71 -3.9 63.5 Muni Inc 10.76 -0.06 -1.0 14.1 TgtCon A p 14.66 NA NA NA Hlthcare 37.36 -0.33 -7.6 59.2 ShortTerm p 8.50 -0.02 -0.4 7.5 LifeConsv 13.17 -0.01 -1.0 22.9
FidSAIIntern 12.72 -0.26 -4.2 NS StrInM p 12.36 -0.02 -1.1 19.5 DivStkO n 33.98 -0.02 -3.0 97.0 SAIEmgMktLoVolIx 11.62 0.21 1.5 NS TtlRtn A p 9.76 -0.03 -1.6 13.2 IntOppA p 18.87 0.06 -1.0 55.0 SmCpEq p 14.29 -0.17 -4.7 73.5 LifeGrw 16.27 0.06 -1.0 56.0
FidSer5 9.72 -0.05 -4.0 NS Fidelity Advisor Z: Emerg Asia nr 50.52 1.22 -1.3 88.3 ShortTermBd 9.88 -0.02 -0.4 NS FrankTemp/Franklin C: MidCap A p 31.41 -0.22 -4.2 64.0 SmCpGr 32.00 -1.16 -11.9 74.5 LifeMod 13.91 0.02 -1.0 34.2
FidSer0-5 10.00 0.00 -0.5 NS AdvIntlSmCpZ 32.71 0.29 0.7 48.3 EmrgMktK r 43.23 0.61 -1.0 72.3 TotalBd 10.28 -0.03 -1.5 17.5 CA TF C t 7.65 -0.03 -1.0 13.5 Muti-AstIncGw 20.71 0.04 -1.1 27.1 SmCpValA t 19.49 0.48 6.2 91.4 StrIncA p 6.49 -0.02 -1.1 15.4
FIDSerEmgMkt 10.61 0.24 1.0 23.7 AssetManager50% 21.73 -0.05 -2.0 43.4 EmrgMktsDebt 8.85 -0.11 -2.3 10.5 TxFreeBd 10.82 -0.05 -1.0 13.5 DynaTech C p 111.15 -2.53 -11.6 101.4 ShtDur 9.92 -0.01 -0.4 9.1 SP IncomeA 4.33 0.11 8.3 28.6 USGlobLdrs 64.48 -0.82 -6.2 96.2
FidSerInt 9.76 0.01 -0.7 NS AssetMngr85 25.87 -0.06 -2.5 67.0 EmrMkt nr 43.23 0.60 -1.0 71.7 U.S.TreBdIdx 9.88 -0.02 -1.7 10.5 Growth C t 123.58 -1.86 -6.3 86.5 TotRBdA p 10.49 -0.04 -2.0 15.2 Tech p 55.05 -0.36 -8.6 97.9 John Hancock Instl:
FidSerToMarket 15.53 -0.07 -2.7 NS AsstMngr70 28.20 -0.06 -2.2 56.4 Eq Inc n 70.97 0.10 1.0 66.2 USMomentumIdx 16.03 -0.17 -4.8 86.1 Income C t 2.61 0.02 1.9 37.0 Hartford Funds C: Invesco Funds C: BalancedI 26.58 -0.08 -1.9 55.8
FIDSerTresIndxFd 10.00 0.00 0.0 3.2 CorporateBond 12.15 -0.05 -2.1 22.3 EqDivIncm n 28.89 0.32 3.6 57.5 USValueIndex 12.99 0.24 4.8 58.7 RisDv C t 90.94 -1.19 -4.2 75.4 Bal IncC 15.69 -0.05 -0.4 34.8 EqWtdC 74.09 -0.09 -0.8 73.2 DispValMCI 28.49 0.40 2.9 72.0
FIDZroExtMktIx n 12.73 -0.06 -2.4 65.3 EmMkt Z 34.42 0.76 2.3 64.4 EqDivIncmK 28.88 0.32 3.7 57.9 Fidelity Selects: FrankTemp/Franklin R: DiscpEqC t 43.70 -0.28 -2.3 82.9 RchHiYldMunC 8.03 -0.03 -1.0 24.4 FunLgCpCorI 74.29 0.25 -1.6 96.7
68 BARRON’S January 17, 2022

Mutual Funds Data provided by

Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr.
NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret.
IncomeI 6.48 -0.01 -1.1 16.5 MultiAstInc 16.84 0.00 -1.3 36.2 RschI 60.65 -0.15 -2.6 83.6 Global n 36.21 0.84 4.4 64.6 IncomeFd 11.85 -0.02 -0.6 14.5 IntDis n 79.79 -1.32 -5.2 70.5 EqIncIA p 41.20 -0.13 0.2 62.2 TMUSMdSmCp 40.22 NA NA NA
StratIncmOppI 11.05 -0.02 -0.8 18.2 ShDurTxFr 15.73 -0.04 -0.5 5.7 TotRI 21.53 0.01 0.2 48.5 IntlSmCp nr 20.18 0.23 1.9 58.1 IntlBdUSH 10.72 0.01 -0.2 10.1 IntEqIdx nr 16.38 0.04 0.2 42.3 FlIncA p 12.79 -0.02 -1.3 24.9 TxMngUSLgCp 68.90 NA NA NA
USGlbLdrsGrwI 72.09 -0.91 -6.2 97.7 ShtDurIncmA p 4.14 -0.01 -0.4 8.9 ValueI 54.19 -0.41 -0.9 62.8 Oakmark n 122.65 1.66 2.9 86.9 InvstGrCrBd 10.46 -0.04 -2.0 17.1 IntlStk n 19.85 0.18 -0.1 43.4 HiYld IN 9.29 0.01 -0.7 19.4 USSmCpEq 29.30 NA NA NA
JPMorgan A Class: TaxFr p 11.99 -0.06 -1.2 17.1 Miller Convertible B: OakmrkInt n 29.79 0.75 6.1 43.3 LowDurA 9.75 -0.02 -0.5 5.5 IP Bond n 12.78 -0.04 -2.5 23.2 InfPro IN 9.06 -0.02 -2.4 22.3 Rydex Dynamic Fds:
CoreBond 11.66 -0.02 -1.4 13.4 TotRet p 10.29 -0.02 -1.5 13.9 MillerConvBndFd 14.16 0.02 -0.6 38.7 Select n 65.72 1.23 2.3 80.1 LowDurInc 8.59 -0.01 -0.3 11.8 Japan n 16.08 -0.15 -5.5 39.4 LgCpStA p 23.75 -0.07 -2.1 87.7 NasdaqStratH p 437.68 0.41 -8.8 347.2
CorePlusBd p 8.31 -0.02 -1.4 14.1 ValOpps p 20.86 -0.06 -3.0 66.8 Mondrian: Oberweis Funds: MuniBdA 10.41 -0.04 -0.8 15.4 MCapVal n 34.83 0.53 3.6 63.3 LgIndxI 23.74 -0.07 -2.1 89.2 Rydex Investor Class:
EmMktEq t 36.75 0.70 -0.3 51.9 Lord Abbett C: IntlValEq n 15.29 NA NA NA IntlOppInst 12.17 -0.21 -7.2 82.2 RealRtnA 11.98 -0.05 -2.6 22.8 MCEqGr 68.44 -1.29 -7.4 69.8 LgIndxJ tn 23.43 -0.07 -2.1 88.1 NasdaqInv n 72.04 0.07 -4.4 135.3
EqInc p 23.71 0.00 1.3 62.1 BdDeb 8.26 -0.02 -1.5 19.5 Morgan Stanley Fds A: Old Westbury Fds: ShtTmA 9.78 0.00 0.1 4.7 MD Bond n 11.08 -0.04 -0.8 13.3 LT2020 In 14.20 -0.01 -1.5 40.3
EqIndx p
GroInc p
69.87
68.56
-0.21
0.22
-2.1
1.8
87.8
67.7
ShtDurIncmC t
Lord Abbett F:
4.17 0.00 -0.2 7.1 InsightA p
Morgan Stanley Fds I:
54.02 -3.19 -18.0 110.7 AlCpCore n
FixInc pn
24.93
11.05
-0.28
-0.02
-4.7 90.8
-1.1 9.2
StksPLSTR
TotRetA
11.35
10.09
-0.05
-0.02
-2.4
-1.7
88.6
13.2
MidCap n
N Asia n
108.83
21.19
-2.00
0.32
-7.3
0.8
68.1
54.4
LT2020J tn
LT2030In
14.10
15.86
-0.02
-0.03
-1.5
-1.8
39.6
51.2 S
GwthAdv p 30.01 -0.23 -5.5 129.2 BdDeb 8.22 -0.03 -1.6 22.0 FxInOpp I 5.66 -0.01 -0.5 14.0 LrgCpStr n 18.21 -0.03 -3.3 59.0 PIMCO Funds C: N Inc n 9.45 -0.03 -1.7 12.7 LT2030J tn 15.80 -0.03 -1.9 50.4 Schwab Funds:
Inv Bal p 16.81 0.01 -1.0 42.6 DevGt p 25.01 -1.00 -12.8 81.6 Insight I 62.71 -3.69 -18.0 112.4 MuniBd pn 12.13 -0.04 -0.7 7.5 IncomeFd 11.85 -0.02 -0.7 11.9 NAmer n 65.46 -0.16 -4.1 117.5 LT2040I 17.47 -0.02 -2.0 58.7 1000 Inv nr 100.76 -0.43 -2.7 88.3
InvCon p 13.62 -0.01 -1.1 29.3 FloatRt p 8.43 0.02 0.5 10.0 Morgan Stanley Inst: OWstbryNYMuBndFdn 10.33 -0.03 -0.8 7.2 PIMCO Funds I2: New Era n 41.60 0.62 3.8 40.2 LT2040J tn 17.27 -0.03 -2.0 58.0 Balanced n 18.43 NA NA NA
InvG&I p 19.91 0.02 -1.0 54.5 HiYld p 7.40 -0.01 -1.0 23.0 CapGrI 61.92 -3.11 -16.7 110.2 Sm&MdCapStrategi n 17.28 -0.18 -4.3 47.9 All Asset 12.78 0.06 -0.2 37.5 NHoriz n 66.31 -2.54 -13.7 96.7 LT2050I 18.26 -0.02 -2.0 63.5 CoreEq n 23.43 -0.03 -1.6 75.3
InvGrwt p 25.15 0.06 -0.9 68.5 HYMuniBd 12.85 -0.07 -1.1 21.4 CapGrP p 56.57 -2.85 -16.7 108.6 Optimum Funds Inst: CommdtyRR 6.52 NA NA NA OverS SF nr 13.50 0.13 1.7 47.9 MdGrIII Inst 12.88 -0.29 -9.4 86.5 DivEqSel n 15.37 -0.10 -0.2 45.5
LgCpGwth p 56.97 -0.46 -5.6 129.4 Income 2.88 -0.01 -1.9 20.8 CorPlusFxdIncI 11.23 -0.02 -1.5 16.6 Fixed Inc 9.46 -0.03 -1.6 14.2 ComPLUSStrtgyFd 8.20 0.24 5.5 55.7 QMUSSmCpGrEq n 43.07 -0.75 -7.1 62.1 MidCpBldA 37.42 -0.78 -7.4 88.6 FunIntlLgInst nr 10.60 0.23 4.7 41.8
MdCpGrw p 38.72 -0.74 -8.5 98.2 IntrTxFr 11.23 -0.06 -1.0 13.3 Discovery I 23.01 -1.33 -18.5 132.1 Intl Eqty 13.42 -0.09 -2.4 35.7 EmgMkBd 9.93 -0.13 -2.8 14.0 SpectConsAllo n 21.01 -0.05 -1.6 33.1 PreSecI 10.28 -0.01 -0.5 23.1 FunUSLgInst nr 23.40 0.13 2.0 82.1
MdCpVal p 41.22 0.32 2.3 59.6 NatlTxF p 11.98 -0.06 -1.2 17.4 DiscoveryA p p 15.69 -0.91 -18.5 130.3 LgCpGrwth 23.78 -0.31 -6.7 85.1 HiYldMuniBd 9.72 -0.04 -0.7 22.1 SpectModerAllo n 26.24 -0.06 -1.9 44.6 PtrLGI In 20.38 -0.37 -8.3 97.3 HlthCare n 26.93 -0.24 -5.5 52.6
ShrtDurBd p 10.97 -0.01 -0.3 7.9 ShtDurIncm 4.14 0.00 -0.2 9.2 GloFranI t 35.31 -0.56 -4.5 69.6 LgCpVal 21.20 -0.06 0.4 62.4 Income 11.85 -0.02 -0.6 15.5 SpectModerGwAllo n 41.58 -0.07 -2.2 55.7 PtrLV In 19.98 0.18 1.8 60.9 InflProSel n 12.17 -0.03 -2.4 23.4
Sm Cap p 52.92 -0.74 -3.3 61.7 ShtDurTxF p 15.73 -0.04 -0.5 6.0 InceptionP A p 11.18 -0.68 -15.3 168.1 SmCpGrwth 15.14 -0.28 -8.2 92.2 IntlBdUSH 10.72 0.01 -0.1 11.1 R2005 n 13.50 -0.02 -1.5 34.2 RealEstSecI 33.38 -0.21 -4.3 63.8 IntI Sel nr 23.70 0.06 0.2 42.2
SmCapGrw p 18.96 -0.38 -8.5 76.7 TotRet 10.29 -0.02 -1.5 14.2 InceptionPort I 16.73 -1.01 -15.3 170.5 SmCpVal 16.71 0.20 2.1 56.8 InvstGrCrBd 10.46 -0.04 -2.0 18.2 R2010 n 17.28 -0.02 -1.5 36.9 SAMBalA p 17.16 -0.04 -1.8 44.0 IntlMstr nr 24.19 -0.14 -3.3 53.7
SR2020 p 16.89 -0.02 -1.3 30.1 Lord Abbett I: IntlEqI 15.41 0.22 1.2 39.1 Osterweis Strat Income: LowDurInc 8.59 -0.01 -0.2 12.8 R2015 n 14.49 -0.01 -1.4 40.0 SAMGrA p 20.33 -0.05 -2.1 55.1 MT AllEq n 23.23 NA NA NA
SR2030 p 19.98 -0.02 -1.3 43.4 BdDebentr 8.19 -0.02 -1.4 22.4 MorganStanleyPathway: OsterweisStrInc n 11.49 0.02 -0.1 19.2 LwDur 9.75 -0.02 -0.5 6.1 R2020 n 21.87 -0.02 -1.5 43.7 SmCpBldIN 28.84 -0.46 -4.7 67.6 MT Bal n 20.54 NA NA NA
SR2040A p 22.59 0.02 -1.2 56.8 DevlpGro 30.36 -1.20 -12.8 82.2 CoreFxIcm n 8.08 -0.02 -1.7 14.8 MuniBd 10.41 -0.04 -0.8 16.1 R2025 n 19.20 -0.02 -1.6 48.9 StrGrw A p 22.51 -0.06 -2.5 64.6 MT Gro n 26.69 NA NA NA
USEquity
ValAdv t
21.54
41.14
0.02
0.35
-2.0
3.8
99.6
59.2
FloatRt
HiYld
8.44
7.44
0.02
-0.01
0.5
-1.0
10.4
23.3
LgCapEq n
Sm-MdCapEq nr 19.29
24.86 -0.14 -2.9 77.5
-0.10 -3.0 66.1 PQ RealRtn
ShtTm
11.98
9.78
-0.05
0.00
-2.6
0.1
23.9
5.2
R2030 n
R2035 n
28.96
22.40
-0.02
-0.01
-1.8
-1.9
54.0
58.5
ProFunds Inv Class:
UltNASDAQ-100 n 91.94 0.06 -8.8 341.7
S&P Sel n
SmCp Sel nr
71.40
34.60
-0.21
-0.27
-2.1
-3.7
90.1
57.0
JPMorgan C Class: ShtDurInc p 4.14 0.00 -0.2 9.8 Munder Funds: PACE Funds Cl P: TotRt 10.09 -0.02 -1.7 14.0 R2040 n 32.10 -0.02 -2.0 62.6 Putnam Funds: SmCpEqSel nr 21.13 0.00 -1.5 51.7
InvBal p 16.47 0.00 -1.1 40.4 LSVValEq : MndrIntlSmCpInv r 16.44 -0.03 -2.4 55.1 IntlEqty P 18.09 0.19 1.8 46.1 PIMCO Funds Instl: RealEst n 19.36 -0.14 -4.0 47.6 GrOpp R6 58.91 -0.81 -6.3 112.2 Trgt2030 nr 17.55 NA NA NA
InvConsvGr t 13.54 -0.01 -1.1 27.3 LSVValEq 30.51 0.43 5.0 57.5 Munder Funds Cl Y: LgGrEqty P 24.90 -0.19 -5.5 103.2 ComPLUSStrtgyFd 8.29 0.24 5.6 56.3 Ret2025A p 19.07 -0.02 -1.7 47.7 Putnam Funds Class A: Trgt2040 nr 19.05 NA NA NA
JPMorgan Funds: MndrSCVClY p 41.27 0.33 2.5 60.3 LgVEqty P 22.57 0.15 2.7 49.0 DynamicBd 10.60 0.00 -0.2 10.0 Ret2045 n 22.54 -0.01 -2.0 65.2 CATx p 8.07 -0.04 -0.9 14.7 TSM Sel nr 80.09 -0.35 -2.7 86.6
Fl EmMktEq L 37.96
MdCpVal L 42.56
0.73 -0.3 53.5
0.33 2.3 61.9 M Mutual Series:
BeacnZ n 18.54 0.23 3.2 53.0
StraFxd P
Pacific Life Funds:
13.66 -0.03 -1.6 17.3 GNMAGvtSec 11.01
IncomeFd 11.85
-0.04
-0.02
-1.3
-0.6
10.1
15.8
Ret2045R
Ret2055 n
22.01
19.76
-0.01
-0.01
-2.0
-2.0
62.8
65.2
ConvSec
DvrIn p
25.32
6.19
-0.30
0.00
-4.5
0.8
73.4
3.1
TxFrBd n
USSmCoIdx nr 17.44
11.95 -0.05
0.02
-0.9
-0.5
11.0
65.2
USEquity L 21.68 0.02 -2.0 101.9 MainStay Fds A: GlbDiscA 32.51 0.75 5.5 44.2 PortOptModAggClA p 15.18 NA NA NA InflRespMulAsset 8.94 0.02 -1.1 33.2 Ret2055 19.57 -0.01 -2.1 64.0 DynAABalA 16.55 -0.04 -1.6 43.3 Segall Bryant & Hami:
JPMorgan I Class: ConvtA 19.95 -0.02 -2.5 70.5 GlbDiscz n 33.34 0.78 5.6 45.3 PortOptModClA r 14.09 NA NA NA Pioneer Funds A: RetBal Inc n 14.95 -0.02 -1.4 35.4 DynAAGthA 18.85 -0.02 -1.6 53.5 SmallCapVal Inst 14.92 -0.04 0.5 47.2
CoreBond 11.65 -0.02 -1.4 14.3 HiYldBdA 5.59 0.01 -0.5 20.8 QuestA t 14.83 0.28 4.3 23.1 Palmer Square: AMTFreeMuniA p p 15.41 -0.06 -1.4 16.7 SciTec n 41.48 -0.41 -4.4 102.7 PutLargCap p 31.60 0.13 1.5 70.3 SEI Portfolios:
CorePlusBd 8.31 -0.01 -1.3 15.3 IncBldr 20.81 0.06 -0.2 36.4 QuestZ n 15.08 0.29 4.3 24.1 Income Plus 10.03 0.00 0.0 9.4 BondA 9.57 -0.02 -1.4 16.6 Sht-Bd n 4.76 -0.01 -0.4 8.3 PutFocIntEq p 15.80 0.27 1.5 50.2 CoreFxIn F 11.20 -0.04 -1.8 14.8
EmMktEq I 37.66 0.72 -0.3 53.1 LgCpGrA p 10.79 -0.16 -7.7 102.7 SharesZ n 27.96 0.37 3.2 40.0 Parnassus Fds: CoreEqA 23.49 0.12 0.4 93.2 SmCap n 60.70 -0.39 -1.8 65.9 GeorgePutBal 23.19 -0.05 -2.1 56.0 EMktDbt F 9.59 NA NA NA
EqInc 24.17 0.00 1.3 63.4 TxFrBdA 10.56 -0.05 -0.9 15.2 ParnEqFd n 61.89 0.04 -2.4 93.7 DiscGrA 16.57 -0.20 -4.2 112.3 SmCapStk n 65.71 -1.44 -5.8 74.8 GlbHlthCare p 60.30 -0.25 -4.9 67.1 HiYld F 6.97 0.01 -0.4 27.4
EqIndx
GrAdv r
69.97
31.65
-0.20
-0.24
-2.1
-5.5
89.2
130.8
MainStay Fds I:
EpochGlb r 21.07 0.21 1.4 38.6
N Parnsus n
Pax World Fds:
58.08 -1.00 -9.8 57.1 EqIncA
HighIncMuniA 7.46
41.43 0.08
-0.02
1.3
-0.9
54.4
16.3
SpecGr n
SpecInc n
26.78
12.76
-0.05
0.00
-2.3
-0.5
70.5
19.3
GrOpp p
HiYld A p
54.94
5.91
-0.76
0.01
-6.3
-0.7
110.0
21.7
IntlEmg F
IntlEq F
13.18
12.22
NA
NA
NA
NA
NA
NA
GvBd 10.72 -0.02 -1.4 10.0 MacKaySTMuni 9.65 -0.02 -0.4 5.0 Nationwide Fds R6: SustAll Inv n 28.43 -0.09 -1.9 55.5 MdCapVa 26.81 0.31 1.8 62.6 SpecIntl n 16.18 0.12 0.4 44.9 Incm p 6.66 -0.01 -0.7 13.2 IntMuni F 12.03 -0.05 -0.8 12.4
HighYld 7.22 0.01 -0.4 20.4 S&P500IdxA 57.96 -0.17 -2.1 87.4 IntIdxR6 9.08 0.01 0.1 41.3 Paydenfunds: PioFdA 37.33 0.09 -1.2 100.6 SuMuInc n 12.41 -0.05 -0.9 14.9 IntlEq p 25.19 0.07 -0.6 46.5 LgCapGr F 47.75 -0.28 -5.4 105.6
IntlEq 20.49 -0.12 -2.0 53.5 TRBd 10.63 -0.03 -1.6 17.3 Nationwide Fds Serv: HiInc n 6.83 0.01 -0.6 28.8 SelMCGrA 47.66 -1.13 -9.7 70.4 SuMuInt n 12.21 -0.05 -0.8 11.4 NYTx p 8.79 -0.04 -0.9 13.1 LgCVal F 28.86 0.22 3.3 52.0
IntmdTFBd 10.99 -0.04 -0.7 11.4 Mairs&Power: IDAggr p 10.36 -0.01 -1.7 58.5 LowDur n 10.02 -0.01 -0.3 7.3 StratIncA p p 10.66 -0.02 -0.8 19.0 TaxEfEqty nr 56.40 -0.69 -7.4 99.9 ShtDurBd 10.09 -0.02 -0.3 7.7 MgdVol F 17.58 0.09 1.6 45.0
InvConGw 13.72 0.00 -1.0 30.4 MairsPwrBal n 114.18 -0.81 -2.3 51.8 IDModAggr p 10.48 -0.02 -1.7 52.6 LtdMat n 9.49 0.00 -0.1 5.4 Pioneer Funds Y: TF Incom n 12.57 -0.04 -0.7 18.4 SmCapGr p 60.62 -1.84 -10.4 98.2 S&P500 F 93.79 -0.28 -2.1 88.9
InvGrwth 25.86 0.05 -1.0 69.6 MairsPwrGr n 157.64 -0.66 -3.0 83.7 Natixis Funds: Pear Tree: AMTFreeMuniY 15.35 -0.06 -1.4 17.4 TF Incom n 10.38 -0.04 -0.9 14.2 StDurInc 10.06 0.00 0.0 4.0 ShtGov F 10.33 -0.02 -0.4 5.3
LgCapVal 19.97 0.34 5.5 73.7 Marsico Funds: InvGradeBdA p 11.08 -0.03 -1.2 17.2 ForeignVal I r 24.89 0.53 4.0 31.0 BondY 9.48 -0.01 -1.3 17.9 TFSI n 5.66 -0.01 -0.5 6.5 SustainLdrsFd p 118.33 -1.43 -4.4 99.6 TaxMgdLC F 36.49 -0.12 -1.4 76.3
LgCpGwth 58.46 -0.46 -5.6 131.1 Focus pn 25.79 -0.30 -6.2 114.3 InvGradeBdY 11.09 -0.03 -1.2 20.1 PearValR6 12.58 0.26 4.0 31.3 PionFdY 38.08 0.10 -1.2 102.4 TotIndex n 50.45 -0.21 -2.6 84.7 TFHY 12.91 -0.06 -0.8 18.7 TaxMgdSmMdCp F 26.61 0.02 -1.9 54.7
MdCpGrw 47.89 -0.91 -8.5 100.0 Mass Mutual: LSGrowthY 25.60 -0.02 -2.3 94.0 PearValSCapInst 16.90 0.17 0.7 44.7 SelMCGrY 53.94 -1.28 -9.7 71.6 U.S.EqResch n 44.32 -0.08 -2.0 92.5 TxEx p 8.61 -0.04 -0.9 14.0 Selected Funds:
MdCpVal 41.86 0.32 2.3 60.8 SelBluChipGroClI 27.46 -0.19 -5.0 88.0 USEqOppsA 43.34 0.40 0.5 88.0 Perm Port Funds: StratIncY p p 10.66 -0.02 -0.8 20.3 USLrgCpCore n 34.78 -0.22 -3.0 78.3 MtgSec p 11.51 0.00 0.7 6.4 AmShD n 44.63 1.21 5.1 74.3
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

MidCapEq 60.12 -0.17 -2.3 82.6 MassMutual Premier: Neuberger Berman Fds: Permanent n 49.45 0.07 -0.9 48.4 Price Funds: USTInter n 5.85 -0.02 -1.8 9.6 Putnam Funds Class Y: AmShS pn 44.51 1.20 5.1 72.6
MtgBckd 11.24 -0.02 -0.8 11.2 CoreBdI 10.72 -0.02 -1.6 17.6 EmgMktInst 22.42 0.34 1.0 28.3 PGIM Funds Cl A: 2050RetFd n 19.09 -0.01 -2.1 65.4 VABond n 12.40 -0.04 -0.7 13.7 GrOpp Y 58.35 -0.81 -6.3 111.5 Sequoia:
ShtDurBnd 10.98 -0.02 -0.4 8.7 MassMutual Select: EqIncInst 14.65 0.07 0.6 49.3 Balanced 17.39 0.03 -1.0 43.7 Balnanced n 27.75 -0.02 -1.6 50.7 Value n 47.13 -0.06 -1.4 73.7 Incm 6.80 -0.01 -0.7 14.0 SequoiaFd n 179.40 0.73 -3.0 87.2
SmCap 64.85 -0.91 -3.3 63.1 BlackRockGlAllCi 11.84 0.00 -1.4 46.1 GenesInst 70.28 -0.75 -6.0 72.5 HighYield 5.44 0.00 -0.7 24.5 BdEnhIdx nr 11.16 -0.04 -1.6 13.7 Price Funds - Adv Cl: PutLargCap 31.60 0.13 1.4 71.6 Sit Funds:
SmCapGrw 22.12 -0.44 -8.4 78.0 BlChpGrR5 27.35 -0.19 -5.0 87.4 HiIncBdInst 8.65 0.02 -0.6 22.4 JennBlend 23.53 -0.23 -4.0 82.0 BlChip n 164.95 -2.02 -7.2 83.5 BlChip p 161.11 -1.98 -7.2 82.0 ShtDurBd 10.10 -0.02 -0.3 8.4 MinnTxF n 10.66 -0.04 -0.8 12.2
TxAwEq 43.75 -0.21 -3.4 97.2 IdxEqI 20.50 -0.06 -2.1 89.9 IntrinsicValInst 23.01 0.13 -0.5 84.6 JennGrowth 54.55 -1.06 -8.3 109.8 CA Bond n 11.80 -0.04 -0.8 13.8 CapAppA p 35.71 -0.02 -2.1 65.3 StDurInc 10.07 0.00 0.0 4.4 SmeadFds:
USEquity 21.63 0.02 -2.0 101.1 MCGrEqIII 24.35 -0.46 -7.5 70.5 LCVal Inst 46.20 0.47 4.4 86.0 JennHealthSci 34.45 -0.81 -10.8 50.3 Communica&Tech n 166.23 -3.26 -9.0 95.7 Growth p 95.00 -1.44 -7.9 88.2 SmeadValueInstl 71.33 0.53 3.0 84.2
USLgCpCorPls 23.35
USRechEnhEq 36.05
-0.04
0.06
-3.2
-1.7
98.1
96.6
MCpGrEqIIS
PIMCITRetI
23.93
9.85
-0.45
-0.03
-7.5
-1.7
70.0
15.7
LgShInst
MidCapGroR6 17.50
17.50 -0.06
-0.40
-2.2
-9.0
41.1
83.8
JennMidCapGrowth
JennSmallCompany p
15.08
20.70
-0.35
-0.33
-9.7
-5.2
88.9
89.1
DivGro n
DvsfMCGr n
71.84
42.69
-0.64
-1.00
-3.0
-9.9
78.7
78.5
R2020A p
R2030A p
21.66
28.63
-0.02
-0.02
-1.5
-1.8
42.7
52.8
R SoundShoreInv n:
SoundShoreInv n 42.67 0.51 3.7 64.2
ValAdv 41.39 0.36 3.8 60.4 Matthews Asian Funds: NeubCrBdInst 10.39 -0.04 -1.6 16.2 JennUtility 15.54 -0.14 -3.1 46.6 EmgMktB n 10.44 -0.18 -3.3 7.4 R2035 22.25 -0.02 -1.9 57.4 RBB Fund: Sprott Funds Trust:
JPMorgan Inst Class: AsiaDivInv nr 18.67 0.06 -1.4 39.0 REInst 18.08 -0.24 -5.8 69.6 NationalMuni 15.03 -0.04 -0.9 11.7 EmMktS n 46.11 0.81 1.8 29.6 R2040A p 31.74 -0.02 -2.0 61.4 BPSmVal2Inst 31.25 0.39 2.4 56.7 GoldEq Inv p/r tn 47.78 1.72 -1.2 53.1
ValAdv L 41.42 0.36 3.8 61.1 AsiaGroInv nr 30.45 0.24 -4.8 46.0 StrIncInst 11.02 -0.02 -0.7 20.0 ShrtTermCorpBond 11.04 -0.03 -0.8 10.2 EqInc n 37.50 0.57 4.2 62.2 Ret2045-A p 22.34 -0.01 -2.1 64.0 RBC Funds: SSgA Funds:
JPMorgan R Class: Asian G&I Inv nr 16.27 0.25 1.2 35.1 SustainableEqIns 46.04 -0.05 -2.1 77.6 TotalReturnBond p 14.23 -0.04 -1.9 14.8 EqIndex n 122.65 -0.36 -2.1 89.2 Ret2050-A p 18.86 0.00 -2.0 64.1 AccCpCommInvI 8.72 -0.03 -1.3 7.5 SP500 n 266.32 -0.77 -2.1 90.0
CoreBond 11.67 -0.02 -1.4 14.8 ChinaInv n 20.27 0.32 -1.5 62.9 Neuberger Berman Inv: PGIM Funds Cl C: Europe n 26.23 -0.43 -3.0 54.2 Price Funds - R Cl: RiverNorth Funds: State Street Institu:
CorePlusBd 8.32 -0.01 -1.3 15.5 DLStrIncmR 20.22 0.32 -1.5 63.8 Focus n 26.56 -0.87 -11.0 63.9 TotalReturnBond 14.21 -0.04 -2.0 12.4 FinSvcs n 38.41 0.45 6.8 92.5 BlChipR p 152.92 -1.88 -7.3 80.7 RNDLIncomeI 10.37 NA NA NA SmCapEq (ICL) 19.45 -0.11 -3.0 61.7
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

HighYld r 7.23 0.01 -0.4 21.1 IndiaInv nr 29.46 0.52 4.6 45.9 Genes n 70.24 -0.74 -6.0 71.7 PGIM Funds Cl Z: GlbGr n 40.64 -0.62 -6.2 87.4 ExtIndex nr 34.32 -0.37 -5.1 67.8 Royce Funds: US Eq (ICL) 16.34 0.03 -1.3 96.6
LimDurBd 10.06 -0.01 -0.3 6.4 PacTigerInv nr 27.61 0.37 0.3 35.2 Guard n 25.43 -0.28 -5.7 114.4 GlobalRealEstate 23.74 -0.21 -3.6 41.0 GlbStk n 61.67 -0.32 -2.9 108.7 GrowthR p 90.76 -1.39 -8.0 86.7 Oppty I nr 16.76 0.10 0.0 94.6 State Street V.I.S.:
MtgBckd 11.24 -0.02 -0.8 11.8 MergerFundThe pn: IntlEqInst r 14.82 -0.11 -1.7 57.6 HighYield 5.45 0.00 -0.7 25.4 GlbTech n 19.93 -0.64 -14.5 109.6 R2020R p 21.37 -0.03 -1.6 41.5 PAMut I nr 9.42 -0.02 -2.4 63.4 TR V.I.S. Cl 1 15.83 0.01 -1.4 34.8
ShtDurBnd 10.98 -0.02 -0.4 9.0 MergerFundThe pn 17.26 -0.06 -0.5 10.1 LCVal n 46.27 0.47 4.4 85.2 JennGrowth 61.36 -1.18 -8.3 111.7 GMS-fd n 11.37 -0.06 -1.5 17.0 R2030R p 28.30 -0.03 -1.8 51.7 PremierI nr 12.57 -0.07 -3.1 60.6 TR V.I.S. Cl 3 15.77 0.01 -1.4 33.8
SmCpEqR5 65.08 -0.92 -3.3 64.0 Meridian Funds: MdCpGrInv n 17.47 -0.40 -9.0 82.3 JennHealthSci 41.99 -0.98 -10.7 51.7 GNMA n 9.09 -0.04 -1.1 5.7 R2040R p 31.43 -0.02 -2.0 60.2 SpecEqI nr 18.96 -0.04 -0.7 41.6 Sterling Capital Fds:
SmCpVal 30.74 0.16 0.5 59.3 Growth n 45.45 -0.53 -4.9 66.6 Neuberger Berman Tr: JennMidCapGrowth 20.61 -0.48 -9.6 90.8 Growth n 97.88 -1.48 -7.9 89.8 Ret2025-R p 18.79 -0.02 -1.7 46.6 TotRet I nr 8.93 0.06 1.7 56.3 TotRetBdI 10.70 -0.03 -1.5 16.0
USEqR5 21.69 0.02 -2.0 102.0 Value n 44.93 0.04 -2.0 77.3 Genes n 70.10 -0.75 -6.0 71.2 TotalReturnBond 14.18 -0.04 -1.9 15.8 HelSci n 94.26 -1.43 -9.4 63.6 Ret2035-R 21.92 -0.02 -1.9 56.2 RS Funds: Sunbridge:
USRechEnhEq 35.99 0.06 -1.7 97.1 Metropolitan West: GenesisFdR6 70.27 -0.75 -6.0 73.0 PIMCO Fds Admin: HiYield n 6.57 0.00 -0.9 22.2 Ret2050-R 18.63 -0.01 -2.1 62.9 CoreEqVIP 55.67 0.60 2.4 57.9 EmgMkt Inst 29.01 0.28 -1.8 37.7
JPMorgan R5 Class: HiYldBdI 10.54 -0.01 -0.9 26.0 New Covenant Funds: TotRtAd p 10.09 -0.02 -1.7 13.5 InstEmMEq 44.03 0.78 1.9 29.7 PRIMECAP Odyssey Fds: InvQBdVIP 12.38 -0.02 -1.4 15.2
SR2020 R5
SR2030 R5
17.00
20.13
-0.02 -1.3 31.2
-0.01 -1.3 44.6
IntmBdI 10.51 -0.03 -1.0 12.2 Growth n
Nicholas Group:
60.20 -0.18 -2.4 84.9 PIMCO Fds Instl: InstFLRfd r
InstHiYld
9.78
8.73
0.02
0.00
0.4
-1.0
14.8
22.6
AggGrowth nr 50.33
Growth nr 43.65
-0.18 -4.5 57.4
0.18 -1.0 63.1
Russell Funds S:
EmerMkts 19.27 NA NA NA
T
LowDurBdI 8.79 -0.02 -0.4 7.6 AllAsset 12.75 0.06 -0.2 38.0
SR2040 R5 22.77 0.02 -1.2 58.3 TotRetBd n 10.72 -0.03 -1.7 14.6 Nch II I 33.07 -0.53 -5.3 74.1 AllAssetAuth r 8.20 0.03 -0.6 27.1 LgCapGow I 68.39 -0.79 -7.0 97.5 Stock nr 40.27 0.13 0.3 70.3 IntlDvMkt 43.63 NA NA NA TCU ShtDur :
JPMorgan Select Cls: TotRetBdI 10.72 -0.03 -1.7 15.5 NchLt I 31.75 -0.52 -6.1 68.8 CommodtyRR 6.55 NA NA NA InstLCCoreGr 65.40 -0.79 -7.2 84.1 Principal Investors: InvGrdBd 21.43 NA NA NA TCU ShtDur 9.69 -0.01 -0.6 6.5
SmCpGrL 23.17 -0.47 -8.5 78.7 TRBdPlan 10.05 -0.03 -1.7 15.7 Nich n 82.63 -0.78 -4.4 85.7 DivInc 10.86 -0.05 -1.7 16.4 LgCpVal 28.75 0.34 3.5 64.3 CapApprA p 62.13 -0.31 -3.4 87.7 StratBd 10.77 NA NA NA TCW Funds:
UnconstrBdI 11.61 -0.02 -0.7 11.5 Northern Funds: EmMktsBd 9.93 -0.13 -2.8 14.4 InstSmCap 30.97 -0.67 -5.7 74.7 ConBalA p 12.99 -0.03 -1.6 33.0 TaxExBd 23.77 NA NA NA CoreFxInc n 11.32 -0.04 -1.7 14.6
L MFS Funds:
IIE 33.24 -0.03 -0.6 59.6
ActMIntlEq nr 12.58
BdIdx n 10.58
0.09
NA
-0.3
NA
51.2
NA
EmrgMktCur&STInv
ExtdDur
7.87
6.15
0.03
-0.01
0.5
-5.1
4.5
34.6
Laudus Funds: MFS Funds Class A: EmMktsEqIdx nr 13.43 NA NA NA GlblBdOppUSH 10.38 0.01 0.0 13.1
USLgCpGr nr 28.37 -0.46 -8.1 95.3 AgGrAIA 30.37 -0.15 -2.7 67.3 FixIn n 10.38 -0.03 -1.7 16.3 HiYld 8.92 0.00 -1.1 21.0
CONFERENCE CALL CALENDAR
Lazard Instl: CoEqyA 46.13 -0.29 -3.0 84.6 GlbREIdx nr 11.79 -0.04 -2.5 29.7 HiYldMuniBd 9.72 -0.04 -0.7 22.5
EmgMktEq 18.63 0.28 2.8 22.4 GlEqA 57.54 -0.59 -1.9 65.8 HiYFxInc n 6.71 0.00 -0.7 24.9 IntlBdUnhedged r 9.60 0.07 0.2 9.1 Earnings - Related
GlbLstInfr 16.38 0.08 -0.7 37.9 GlTotA 18.60 0.09 0.8 38.4 HiYMuni n 9.02 -0.04 -1.0 18.0 IntlBdUSH 10.72 0.01 -0.1 11.4
IntlEq 18.05 0.14 0.4 37.2 GrowthA 167.58 -2.15 -7.0 100.0 IntlEqIdx nr 14.55 NA NA NA InvGrdCrBd 10.46 -0.04 -2.0 18.5 Company Date Time Earnings-Related Period
IntStrtEq r 16.36 0.14 -0.1 38.4 GvScA 9.91 -0.02 -1.4 8.8 IntTxExpt n 10.71 -0.04 -0.9 10.8 LgTmRlRt 6.83 -0.07 -7.1 46.4
MidCpIdx n 23.08 -0.08 -2.1 65.5 American Airlines January 20 8:30AM Q4
USEQ Concen Inst 18.99 -0.29 -3.6 70.8 IntlVA 50.26 -0.99 -5.1 55.4 LgTrmCrdtBd 12.00 -0.08 -3.6 33.4
Legg Mason I: IntNwDA 35.34 -0.27 -3.5 31.4 ShIntTaxFr n 10.25 -0.02 -0.5 6.7 LngDurTotRtrn 9.87 -0.04 -3.5 32.6 Baker Hughes January 20 8:30AM Q4
IntlGrTrI 65.80 -1.14 -4.7 59.2 LtdMA 5.99 -0.01 -0.5 8.2 SmCapIdx n 15.00 -0.12 -3.7 55.5 LowDur 9.75 -0.02 -0.5 6.4 Citizens Financial January 19 8:00AM Q4
OpporTrI 42.54 0.25 1.4 64.5 MCapA 27.56 -0.80 -10.9 81.9 SmCpVal n 21.53 0.17 1.0 45.0 LowDurInc r 8.59 -0.01 -0.2 13.1
Longleaf Partners: MCapValA 31.95 0.17 1.4 71.2 StkIdx n 51.11 -0.15 -2.1 89.6 ModDur 10.24 -0.02 -1.0 12.0 CSX January 20 4:30PM Q4
Intl n 17.54 0.31 2.5 15.0 MIGA 40.91 -0.19 -4.1 103.4 TxExpt n 10.88 -0.04 -0.9 13.2 MortgOppBd 10.75 0.00 -0.4 12.1 Discover Financial Services January 20 8:00AM Q4
Partners n 25.63 -0.15 3.3 49.5 MITA 40.44 -0.34 -3.0 79.4 Nuveen Cl A: MuniBd 10.41 -0.04 -0.8 16.5
AAMunBd p 12.13 -0.07 -1.2 17.4 Fastenal January 19 10:00AM Q4
Sm-Cap n 26.45 -0.30 0.6 31.5 MuHiA 8.60 -0.03 -0.8 18.0 RAEFndmtlAdvPLUS 8.74 NA NA NA
Loomis Sayles Fds: MuInA 9.10 -0.04 -0.9 14.4 CAMunBd p 11.49 -0.05 -1.0 13.6 RAEPLUS r 7.24 NA NA NA Fifth Third Bancorp January 20 9:00AM Q4
LSBondI 13.42 -0.06 -1.5 13.0 MuLtdA 8.30 -0.03 -0.7 8.3 HiYldMuBd p 18.29 -0.08 -0.9 24.8 RealRtnI 11.98 -0.05 -2.6 24.2 Huntington Bancshares January 21 8:30AM Q4
LSBondR pn 13.35 -0.05 -1.5 12.2 NewDA 26.81 -0.73 -8.7 78.5 IntDMunBd p 9.54 -0.04 -0.8 12.2 RERRStg 8.78 -0.07 -5.1 75.6
LSCorBndA p 13.25 -0.03 -1.4 15.6 ReInA 24.04 -0.10 -1.6 53.4 LtdMnBd p 11.30 -0.03 -0.5 8.5 ShortT 9.78 0.00 0.1 5.5 Intuitive Surgical January 20 4:30PM Q4
LSStrIncA p 13.95 -0.06 -1.7 12.0 ResBdA 10.94 -0.03 -1.6 16.0 Nuveen Cl I: ShtAssetInv 9.96 0.00 0.0 3.7 KeyCorp January 20 8:00AM Q4
SmCpGI 29.48 -0.52 -8.0 64.9 RschA 58.84 -0.15 -2.6 82.3 HYMunBd 18.29 -0.08 -0.9 25.5 StcksPLUSIntlHdg r 8.94 -0.05 -0.6 50.6 Kinder Morgan January 19 4:30PM Q4
Lord Abbett A: TechA 61.64 -0.40 -6.2 102.3 Nuveen Cl R: StcksPLUSSmall 10.20 -0.08 -4.0 56.2
Affiltd p 18.31 -0.11 -1.4 49.6 TotRA 21.54 0.02 0.2 47.5 CAMunBd 11.50 -0.06 -1.1 14.3 StkPlsLgDur 7.52 -0.05 -5.6 138.3 PNC Financial Services January 18 9:30AM Q4
BdDeb p 8.24 -0.02 -1.4 21.8 UtilA 23.78 -0.12 -2.9 43.6 IntDMunBd 9.57 -0.04 -0.8 12.7 StksPLS 12.73 -0.04 -2.3 90.5 Schlumberger NV January 21 9:30AM Q4
CalibrDivGr 19.86 -0.32 -4.2 72.7 ValueA 53.86 -0.41 -0.9 61.6 LmtTrmR 11.26 -0.03 -0.5 9.2 StPlTRInst r 11.71 -0.04 -2.4 90.9
CoreFxdInc p 10.88 -0.02 -1.5 13.5 MFS Funds Class C: NYMunBd 11.22 -0.05 -1.0 14.1 TotRetESG 9.15 -0.03 -1.4 15.4
State Street January 19 10:00AM Q4
DevGt p 23.13 -0.92 -12.8 80.9 GrowthC 126.57 -1.64 -7.0 95.5 Nuveen Fds: TotRt 10.09 -0.02 -1.7 14.4 SVB Financial January 20 6:00PM Q4
FloatRt p 8.44 0.02 0.6 9.7 MFS Funds Class I: RealEst 21.83 -0.18 -4.4 53.8 TRII 9.45 -0.02 -1.5 13.8 Travelers Companies January 20 9:00AM Q4
FundlEq p 13.94 0.10 0.8 58.3 BondI 14.36 -0.07 -2.2 22.5 TrndsMgdFutStrgy 11.63 -0.08 0.9 34.0
GrOppty p
HiYldA t
23.02
7.41
-0.75
-0.01
-11.3
-1.0
74.8
22.6
GrowthI
IntNwDI
180.93
36.54
-2.31
-0.27
-7.0
-3.5
101.5
32.4
O PIMCO Funds:
StcksPLUSIntlHdg 8.82 -0.05 -0.6 50.1
Truist Financial
Union Pacific
January 18
January 20
8:30AM
8:45AM
Q4
Q4
HYMuniBd p 12.85 -0.06 -1.0 21.1 MCapI 29.60 -0.85 -10.8 83.4 Oak Associates Funds: TotRet 10.09 -0.02 -1.7 12.4 United Airlines January 20 10:30AM Q4
IncomeA p 2.88 -0.01 -1.6 20.4 MCapValI 32.86 0.18 1.5 72.5 RedOakTec n 41.49 0.29 -2.2 101.5 PIMCO Funds A:
IntrTxFr 11.24 -0.05 -0.9 12.9 MIGI 42.51 -0.20 -4.1 104.9 Oakmark Funds Invest: AllAsset 12.75 0.05 -0.2 36.0 US Bancorp January 19 9:00AM Q4
MidCapStk 34.29 0.09 -0.2 53.7 MITI 38.91 -0.33 -3.0 80.6 EqtyInc nr 34.99 0.35 2.1 54.9 HiYld 8.92 0.00 -1.1 19.7 Source: CCBN, www.ccbn.com
MultiAstBalOppty 11.92 0.00 -1.8 50.5 ResBdI 10.94 -0.03 -1.6 16.5 GlbSel nr 23.24 0.56 2.2 68.2 HiYldMuniBd 9.72 -0.04 -0.7 21.4
January 17, 2022 BARRON’S 69

Mutual Funds Data provided by

Net YTD 3-Yr.


NAV Chg. % Ret. % Ret.
Net YTD 3-Yr.
NAV Chg. % Ret. % Ret.
Net YTD 3-Yr.
NAV Chg. % Ret. % Ret.
Net YTD 3-Yr.
NAV Chg. % Ret. % Ret. Scoreboard: Inflation’s Price
EmMktInc n 7.50 -0.09 -2.7 9.7 CrnrsMod n 16.27 0.03 -0.8 33.0 ValAdml n 58.43 0.15 1.8 61.2 ITBdInst 11.67 -0.03 -1.8 15.8
SelEqtyI n 36.25 -0.74 -8.3 108.6 CrnstModAggr n 28.13 0.06 -0.7 36.7 WdsrllAdml n 82.41 0.62 0.7 85.4 ITBdInstPI 11.67 -0.03 -1.8 15.8 (Growth stocks took a beating as inflation fears rose. The S&P lost 0.79%, and mid-cap growth stocks shed
TotRetBondI n 9.93 -0.03 -1.7 12.9 ExtMktIn n 23.70 -0.20 -4.2 75.5 WellsIAdml n 69.85 -0.16 -0.4 35.5 LaCapInst 446.06 -1.85 -2.7 90.7 3.47%, down in 2022 by over 9%. Latin American stocks rallied as the dollar weakened on tightening talk.
TCW Funds N: Gr&Inc n 24.83 -0.08 -2.7 63.6 WelltnAdml n 82.13 -0.17 -2.0 56.1 LTBdInst 15.06 -0.07 -3.8 29.9
TotRetBdN pn 10.25 -0.02 -1.6 12.3 Gr&TxStr n 26.39 -0.06 -1.4 46.3 WndsrAdml n 84.13 1.01 3.2 76.4 LTBdInstPl 15.06 -0.07 -3.8 30.0
The Bruce Fund: Grwth n 33.99 -0.40 -6.3 84.9 VANGUARD FDS: MidCpInst 66.75 -0.54 -4.2 76.9 One Week Year-to-Date
BruceFund n 656.58 -5.20 -2.0 55.0 HiIncm n 7.77 0.00 -0.9 19.3 CAIT n 12.09 -0.05 -0.8 11.1 MidCpIstPl 329.20 -2.67 -4.2 76.9
Third Avenue: Inco n 13.05 -0.04 -1.6 18.2 CALT n 12.55 -0.06 -0.9 15.2 RealEstaInstl 24.00 -0.36 -5.6 56.9 U.S. STOCK FUNDS – 1.10% – 2.78%
ValueInst 55.03 1.91 8.6 51.3 IncStk n 20.08 0.03 0.6 54.2 CapOp nr 82.37 0.32 -1.8 78.7 Rs1000GrwIdxInst 569.89 -5.08 -5.7 119.9
Thompson IM Fds,Inc: Intl n 27.76 0.18 0.6 42.3 DivdGro n 38.36 -0.52 -2.3 75.8 Rs1000Vl IdxInst 290.44 0.43 1.0 58.7 TOP SECTOR / Latin American Funds 5.27 1.25
Bond n 10.89 -0.01 -0.3 9.0 IntmTerm n 13.73 -0.04 -0.8 13.1 DivrEq n 50.97 -0.20 -3.2 91.8 Russ1000IdxInst 413.06 -1.58 -2.5 89.4 BOTTOM SECTOR / Mid-Cap Growth Funds – 3.47 – 9.04
Thornburg Fds: LgTerm n 13.77 -0.03 -0.9 15.8 EmgMktSelStk n 25.15 0.70 3.0 38.3 Russ2000GrIxInst 374.93 -7.48 -7.7 55.1
IncBuildA t 24.83 0.18 1.9 40.4 Nasdaq100 n 41.29 0.05 -4.3 142.1 Energy nr 41.64 1.37 7.7 -0.1 Russ3000Idx 406.60 -1.67 -2.6 86.9 S&P 500 – 0.79 – 2.25
IncBuildC p 24.79 0.17 1.9 37.2 ntTerBd n 10.43 -0.02 -1.4 20.3 EqInc n 44.95 0.04 2.1 61.4 SmCapInst 105.27 -0.59 -2.9 63.5 U.S. BOND FUNDS 0 – 0.69
IntVal I 26.81 -0.02 -0.9 63.2 S&PIdx n 60.73 -0.19 -2.4 91.9 Explr n 120.60 -1.54 -5.8 79.0 SmCapIstPl 303.86 -1.69 -2.9 63.5
IntValA p 25.77 -0.02 -0.9 61.6 SciTech n 27.04 -0.39 -9.2 85.9 EXPValFd n 46.94 0.51 1.5 61.0 SmGthInst 72.75 -1.53 -8.2 64.2 Bloomberg Barclays AGG Bond – 0.03 – 1.23
LtdTIn 13.61 -0.03 -0.8 11.0 ShtT n 10.57 NA NA NA FTAlWldInAdml n 38.53 0.45 1.0 42.8 SmValInst 43.42 0.21 1.1 58.6
LtdTIncI 13.61 -0.03 -0.7 11.8 ShtTBdA n 9.16 -0.01 -0.4 10.2 GlbCapCyl Inv nr 11.54 0.23 4.3 71.9 STBdIdxInstPl 10.53 -0.02 -0.6 7.9
LtdTMu I 14.35 -0.04 -0.7 6.3 SmCpStk n 14.40 -0.09 -3.9 69.0 GlbEq n 37.48 -0.06 -2.6 67.7 STBDInst 10.53 -0.02 -0.6 7.9 THE WEEK'S TOP 25
LtdTMuA 14.35 -0.04 -0.7 5.6 TarRet2030 n 13.43 0.01 -1.0 39.1 GloMinVolFdAdm n 29.23 -0.12 -1.1 27.4 STCorpIxInst p 26.89 -0.06 -0.7 10.8
Thrivent Funds A: TarRet2040 n 13.82 0.02 -1.1 45.7 GNMA n 10.40 -0.05 -1.3 6.9 STIGradeInst 10.68 -0.03 -0.8 10.0 Fund Investment Objective One Week Year-to-Date
DivrIncPlus 7.61 -0.02 -1.2 24.1 TarRet2050 n 14.35 0.02 -1.1 50.3 GroInc n 62.85 -0.01 -1.6 88.5 STIPSIxins 25.61 0.00 -0.6 14.8
LgCpStk 28.21 -0.04 -1.6 61.2 TarRetIncm n 11.59 0.00 -0.8 26.9 HlthCare nr 216.50 0.25 -4.7 46.7 STTresIdx 25.38 -0.03 -0.4 5.6 Victory Global En Tran Y / RSNYX GL Natural Resourc 7.41% 7.9%
MidCapStk 30.98 -0.37 -4.4 75.4 VA Bd n 11.56 -0.03 -0.8 11.9 HYCor nr 5.89 0.00 -0.9 21.2 TotBdInst 10.99 -0.03 -1.7 13.1
MuniBd 11.46 -0.05 -0.9 13.1 ValueFd n 18.97 0.18 2.0 51.9 InflaPro n 14.15 -0.04 -2.3 22.9 TotBdInst2 10.85 -0.03 -1.7 12.7 US Glbl Gold&PM / USERX Precious Metals Eq 6.18 – 1.1
SmCapStk p 24.45 0.04 0.0 82.6 WldGr n 27.23 0.02 -1.8 72.3 IntlExplr n 20.48 -0.21 -3.8 42.1 TotBdInstPl 10.99 -0.03 -1.7 13.1 US Glbl World PM / UNWPX Precious Metals Eq 6.00 2.7
Thrivent Funds S: IntlGr n 41.84 -0.29 -4.5 91.5 TotIntBdIdxInst 32.83 -0.01 -0.8 9.3
LgCpVal n
MidCapStk n
29.23 0.21
36.38 -0.43
3.0 71.8
-4.4 76.7 V IntlVal n
INSTTRF2015 24.35
43.04 0.74
-0.01
3.5
-1.3
41.7
30.6
TotStInst
TtlWrldIxInst p
114.41
216.68
-0.50
0.42
-2.7
-1.3
87.0
66.8
OCM Gold Adv / OCMAX
Sprott Gold Equity Inv / SGDLX
Precious Metals Eq
Precious Metals Eq
5.79
5.78
– 1.9
– 0.1
OppIncmPl n 10.01 -0.02 -0.9 12.0 VALIC: INSTTRF2020 26.95 0.00 -1.3 38.3 TxMCaInst r 120.02 -0.40 -2.6 90.6
TIAA-CREF/Instl Cl: CoreVal 13.99 0.09 2.1 50.4 INSTTRF2025 28.96 0.01 -1.4 43.9 TxMSCInst r 92.65 0.29 -0.9 63.1 DWS Latin Am Eq S / SLAFX Latin American 5.71 2.1
CoreBond Inst 10.47 -0.04 -1.6 14.6 FrgnVal 11.31 0.20 4.2 29.5 INSTTRF2030 30.24 0.01 -1.4 48.3 ValueInst 58.43 0.15 1.8 61.2 Rydex Precious Metls Inv / RYPMX Precious Metals Eq 5.65 – 1.5
CorePlsBd 10.54 -0.04 -1.5 15.5 GlobEq 10.13 0.20 1.8 39.2 INSTTRF2035 31.35 0.02 -1.4 52.7 Victory Funds:
TIAA-CREF/Retail Cl: SysCore 28.97 -0.10 -2.6 91.3 INSTTRF2040 32.54 0.03 -1.4 57.1 EstValA 50.23 0.23 1.2 76.3 Invesco Gold & SM A / OPGSX Precious Metals Eq 5.63 – 1.3
EqIdx n 33.97 -0.13 -2.6 85.5 InflPro 12.25 -0.02 -2.4 20.3 INSTTRF2045 33.61 0.03 -1.4 61.5 EstValI 50.27 0.23 1.3 78.0 BlackRock Latin Amer A / MDLTX Latin American 5.50 2.3
Gro&Inc n 25.21 -0.13 -2.9 83.0 IntlEq 8.44 -0.01 -0.2 39.7 INSTTRF2050 33.80 0.05 -1.3 62.1 EstValR p 49.39 0.22 1.3 75.2
LrgCpGro n 22.50 -0.26 -5.9 98.7 IntlGro 18.05 -0.72 -8.1 81.1 INSTTRF2055 33.89 0.04 -1.3 62.1 SmCap Grwth p 67.64 -1.18 -8.3 44.0 Fidelity Sel Nat Res / FNARX Natural Resources 5.39 12.1
MgdAlloc n 13.22 -0.03 -1.9 45.1 LgCpGro 23.14 -0.11 -4.0 103.3 INSTTRF2060 34.03 0.04 -1.3 62.3 SmCoOppI 52.95 0.23 0.8 61.3 Gabelli Gold I / GLDIX Precious Metals Eq 5.17 – 1.9
SocChEq n 23.95 -0.14 -3.1 86.1 MdCpStGr 23.55 -0.20 -6.1 93.2 INSTTRFINC 24.40 -0.01 -1.3 28.2 VirtusFunds:
TIAA/CREF Funds: MidCpIdx 32.00 -0.12 -2.1 64.4 ITIGrade n 9.75 -0.03 -1.9 17.5 CeredexLgCpVlEqI 12.92 0.06 1.0 66.5 US Glbl Glbl Res / PSPFX GL Natural Resourc 5.16 4.2
BdIdxInst 10.95 -0.04 -1.7 12.3 SciTech 39.57 -0.18 -5.8 120.1 ITTsry n 11.15 -0.02 -1.4 10.8 CeredexMdCpVlEqI 13.44 0.07 0.2 63.0 Fidelity Latin America / FLATX Latin American 5.12 – 0.3
EqIdxInst 33.31 -0.13 -2.6 86.9 SmCpIdx 22.48 -0.18 -3.7 55.1 LifeCon n 22.74 -0.01 -1.4 32.9 GvSecUltShtBdI 9.98 -0.01 -0.2 3.2
EqIdxRet 33.84 -0.14 -2.6 85.5 StckIdx 58.80 -0.17 -2.1 88.5 LifeGro n 43.81 0.03 -1.4 55.9 InnGrSt I 52.46 -1.20 -12.6 114.7
Fidelity Global Com Stk / FFGCX GL Natural Resourc 5.08 7.0
Gr&IncInst 16.72 -0.09 -3.0 84.4 ValUltra 23.52 -0.39 -7.8 100.8 LifeInc n 16.72 -0.02 -1.4 21.9 LowDurCrPlBd I 10.83 0.00 -0.3 9.2 OTG Latin America A / OTGAX Latin American 5.08 4.7
Gr&IncRet 17.16 -0.10 -2.9 83.0 Value Line Funds: LifeMod n 33.07 0.00 -1.4 44.1 VirtusFunds Cl A:
HgYldInst 9.52 0.01 -0.6 19.5 AstAlcClInv n 43.57 -0.61 -5.8 49.4 LTIGrade n 10.50 -0.07 -3.7 30.7 MidGrA 59.66 -1.83 -12.0 101.7
BlackRock Enrgy Opp A / BACAX GL Natural Resourc 5.01 12.0
InflLkdBdInst 11.99 -0.01 -1.3 19.0 CapAppreClInv n 12.00 -0.07 -3.1 62.3 LTTsry n 12.27 -0.03 -3.9 24.5 MulSStA p 4.69 -0.01 -0.6 9.8 AQR SLS Equity CA R6 / QNZRX Alt Long/Short Eq 4.99 10.6
IntlEqIdxInst 22.92 0.05 0.2 42.1 Van Eck Funds: MATxEx n 11.24 -0.05 -1.0 16.5 SmCapSusA 42.51 -1.58 -9.7 84.7
IntlEqIdxRet 23.49 0.05 0.1 41.1 EmgMktsY 17.09 0.21 -1.7 26.9 MgdPayFdInv n 18.44 0.10 0.3 38.2 EuroPac Gold A / EPGFX Precious Metals Eq 4.99 – 2.5
StratGrA p 24.82 -0.58 -9.4 99.1
IntlEqInst 14.21 0.05 0.6 52.1 VANGUARD ADMIRAL: MidCpGro pn 24.51 -0.58 -9.2 67.1 TactAllA p 12.29 -0.17 -6.0 62.4 AQR Lng-Sht Eqty I / QLEIX Alt Long/Short Eq 4.86 10.4
LC2020Ret 13.91 -0.03 -1.7 37.0 MuHY n 11.88 -0.05 -0.9 18.0
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

400MCpIdxInst 374.13 -1.35 -2.1 65.9 VirtusFunds Cl I: Franklin Gld&Pr Mt A / FKRCX Precious Metals Eq 4.80 – 0.7
LC2025Ret 14.76 -0.03 -1.7 41.6 500Adml n 430.52 -1.25 -2.1 90.1 MuInt n 14.57 -0.06 -0.8 12.1 EmMktI 10.05 0.11 -0.1 24.2
LC2030Ret 15.46 -0.03 -1.8 46.3 BalAdml n 47.88 -0.18 -2.3 54.8 MuLong n 12.00 -0.05 -1.0 16.2 ForOppI 27.19 -0.88 -7.2 50.9 AQR Style Premia Al R6 / QSPRX Abs Return 4.79 11.6
LC2035Ret 16.30 -0.03 -1.9 51.1 CAITAdml n 12.09 -0.05 -0.8 11.4 MuLtd n 11.12 -0.02 -0.4 7.0 IntSmCapI 21.99 -0.17 -3.5 58.5
LC2040Inst 11.33 -0.02 -2.1 57.0 CALTAdml n 12.55 -0.06 -0.9 15.5 MuSht n 15.85 -0.01 -0.2 4.1 Aegis Value I / AVALX Small-Cap Value 4.78 5.8
LC2040Ret 17.00 -0.03 -2.0 55.9 MulSStI 4.70 -0.01 -0.3 10.6
CapOpAdml nr 190.10 0.74 -1.8 79.1 OHLTte n 12.99 -0.05 -0.8 16.7 QualitySmCapI 27.64 -0.26 -3.8 74.9 AQR Eqty Mkt Ntrl I / QMNIX Equity Mkt Neutral 4.77 10.9
LC2045Ret 14.05 -0.03 -2.1 60.5 CoDilxAd n 168.22 -2.93 -4.6 113.5 Primcp nr 163.13 0.96 -0.3 76.4 SmCapSusI 44.05 -1.64 -9.7 86.2
LCIdx2010Inst 17.61 -0.02 -1.4 34.5 CoStIxAd nr 98.46 -0.44 -0.1 61.9 PrmcpCor n 33.56 0.13 -0.2 72.6 Amer Cent Gl Gold Inv / BGEIX Precious Metals Eq 4.74 – 1.5
LCIdx2020Inst 20.14 -0.02 -1.5 40.3 SmCpCorI 47.55 -0.27 -2.9 91.5
DivAppIdxAdm n 45.25 -0.61 -2.9 76.3 SelValu nr 31.58 0.40 3.0 69.3 Vivaldi Merger: Fidelity Sel Gold / FSAGX Precious Metals Eq 4.67 – 2.6
LCIdx2025Inst 22.11 -0.01 -1.5 44.8 EMAdmr n 42.05 1.18 2.6 38.8 STAR n 31.39 -0.02 -1.7 56.0 Arbitrage Fund 10.55 0.01 0.1 14.1
LCIdx2035Inst 25.98 0.00 -1.5 54.4 EnergyAd nr 44.97 2.26 16.0 22.1 STFed n 10.73 -0.02 -0.5 7.3 THE WEEK'S BOTTOM 10
LCIdx2040Inst 27.52 0.00 -1.5 59.3 Voya Fds:
EnergyAdml nr 78.12 2.57 7.7 0.1 STIGrade n 10.68 -0.03 -0.8 9.6 GrOppI 53.96 -0.55 -6.9 88.7 Fund Investment Objective One Week Year-to-Date
LCIdx2045Inst 28.58 0.01 -1.4 64.2 EqIncAdml n 94.20 0.08 2.1 61.9 STIPSixInv 25.56 0.00 -0.6 14.4
LifeStkIdx 39.96 -0.16 -2.6 86.8 InmdBdI 10.08 -0.03 -1.6 15.2
EuropeAdml n 85.44 -0.14 -0.1 48.7 StratgcEq n 38.25 0.13 -1.3 71.3 TRPGrEqI 109.51 -1.62 -8.0 89.4
LrgCpGrIdxInst 54.57 -0.49 -5.7 119.9 ExplrAdml n 112.14 -1.43 -5.8 79.6 StrSmCpEqInv n 38.79 0.15 -0.7 65.5 Eventide Hlthcare & LS I / ETIHX Health/Biotech – 8.51% – 15.3%
LrgCpGrIdxRet 55.03 -0.49 -5.7 118.2 ExtndAdml n 131.26 -1.54 -5.4 70.1 STTsry n 10.57 -0.01 -0.5 6.3
WXYZ
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

LrgCpGrInst 22.60 -0.28 -6.0 100.3 TgtRe2015 n 14.42 -0.01 -1.3 30.4 Fidelity Sel Bio Tech / FBIOX Health/Biotech – 6.90 – 12.9
FinIxdAd nr 50.33 -0.30 4.0 74.0
LrgCpVl IdxInst 24.81 0.03 1.0 58.8 GNMAAdml n 10.40 -0.05 -1.3 7.2 TgtRe2020 n 30.62 0.00 -1.3 38.1 Morg Stan I Gl Ins I / MIGIX Global Multi-Cap Growth – 6.63 – 17.7
LrgCpVl IdxRet 25.30 0.03 1.0 57.6 GroIncAdml n 102.57 -0.02 -1.6 89.1 TgtRe2025 n 20.06 0.00 -1.4 43.6 Wasatch:
LrgCpVl Inst 21.99 0.07 1.2 65.4 TgtRe2030 n 37.89 0.01 -1.4 48.0 CoreGr n 86.07 -2.83 -8.6 91.6 Evolutionary Tree Innov / INVNX Large-Cap Growth – 6.55 – 14.5
GrwthAdml n 154.99 -1.53 -6.2 122.1
MdCpGrInst 22.10 -0.67 -10.3 70.2 HltClxAd nr 125.62 -0.65 -5.7 61.6 TgtRe2035 n 23.52 0.02 -1.3 52.5 IntlGr n 31.42 -1.06 -9.8 53.5 Am Beacon ARK TI Y / ADNYX GL Science/Tech – 6.26 – 14.7
MdCpVl Inst 19.52 0.13 0.9 53.4 HlthCareAdml nr 91.29 0.11 -4.7 46.9 TgtRe2040 n 41.46 0.04 -1.4 56.9 MicCap n 8.66 -0.15 -7.9 117.4
MdCpVlRet 19.36 0.12 0.9 52.2 TgtRe2045 n 28.00 0.03 -1.3 61.4 SmCapGr n 44.22 -1.71 -11.5 96.3 NS Spec Alpha A / ORIGX Small-Cap Growth – 6.19 – 11.2
HYCorAdml nr 5.89 0.00 -0.9 21.6
QuantSmCpEqInst 18.49 -0.05 -3.0 60.8 InfProAd n 27.78 -0.08 -2.3 23.3 TgtRe2050 n 46.27 0.05 -1.3 61.9 SmCapV n 10.33 -0.02 -1.9 60.8 Driehaus Micro Cap Gro / DMCRX Small-Cap Growth – 6.09 – 12.3
RealSecInst 22.66 -0.24 -4.9 70.4 InfTechIdx n 221.94 -0.60 -5.4 162.6 TgtRe2060 n 47.39 0.06 -1.4 61.8 UltraGr n 38.94 -1.49 -11.8 107.8
RealSecRet 23.74 -0.25 -4.9 69.1 TgtRet2055 n 51.51 0.06 -1.4 61.8 WCM: Lord Abbett Dev Gro A / LAGWX Small-Cap Growth – 6.09 – 12.1
IntlGrAdml n 133.05 -0.89 -4.5 92.1
S&P500IdxInst 50.99 -0.15 -2.1 90.0 ITBondAdml n 11.67 -0.03 -1.8 15.7 TgtRetInc n 14.27 -0.01 -1.3 27.9 FcusEmgMk Inst 18.22 0.19 -2.4 75.2 Morg Stan Vitality Pf I / MSVDX Health/Biotech – 6.09 – 16.7
S&P500IdxRet 50.64 -0.15 -2.1 88.5 ITCorpIx n 24.57 -0.09 -1.9 20.0 TotIntBdIxInv 10.94 -0.01 -0.8 9.0 FocInterGrFdInv 25.26 -0.52 -7.9 88.2
SmCpBl IdxInst 24.70 -0.19 -3.7 57.1 USGro n 59.44 -1.04 -8.6 109.3 IntlSmCpGrthFd I 25.62 -0.75 -10.1 125.4 Kinetics SO & CR Inst / LSHUX GL Sm/Mid-Cap – 6.04 – 5.4
ITIGradeAdml n 9.75 -0.03 -1.9 17.9
SmCpBl IdxRet 24.83 -0.20 -3.6 55.9 ITsryAdml n 11.15 -0.02 -1.4 11.2 WellsI n 28.84 -0.06 -0.4 35.2 WCM Focus Funds:
SocChEqInst 27.52 -0.16 -3.1 87.6 ITTresIdx n 22.14 -0.04 -1.4 9.8 Welltn n 47.56 -0.10 -2.0 55.8 WCMFocIntlGrwIns 25.49 -0.53 -7.9 89.4 THE LARGEST 25 Assets 3-Year* 1-Week YTD
SocChEqRet 28.03 -0.17 -3.1 86.2 LarCapAd n 108.38 -0.45 -2.6 90.6 Wndsr n 24.95 0.29 3.1 75.9 Weitz Funds:
Tortoise Capital: LTGradeAdml n 10.50 -0.07 -3.7 31.1 WndsrII n 46.45 0.34 0.7 85.0 PIIIOpp 15.56 0.07 0.2 57.8 Fund (billions) Investment Objective Return Return Return
TorMLPPipInsCl 12.24 0.36 9.0 15.5 LTsryAdml n 12.27 -0.03 -3.9 24.9 VANGUARD INDEX FDS: ShtDurIncInst 12.23 -0.02 -0.3 8.3
Touchstone Family Fd: LTTresIdx n 28.89 -0.05 -3.9 23.6 500 430.54 -1.26 -2.1 89.5 ValueInv n 59.52 -0.39 -3.6 88.1 American Funds Gro A / AGTHX $145.3 Large-Cap Growth 23.8% – 1.87% – 5.4%
FlexIncY 11.09 -0.02 -1.1 17.6 MatIdx nr 98.75 -0.32 -1.5 78.7 EmgMktInstPl 106.37 2.98 2.6 39.0 Western Asset:
FocEqY 63.81 0.22 -0.8 93.5 ExtndIstPl 323.90 -3.82 -5.4 70.2 CoreBondA 12.90 NA NA NA Fidelity Contrafund / FCNTX 128.7 Large-Cap Growth 24.9 – 1.60 – 4.9
MidCpAdml n 302.17 -2.45 -4.2 76.8
LagCapFoc A p 58.53 0.19 -0.4 96.6 MrgBkdIdx n 20.84 -0.09 -1.3 7.0 FTAIWdInPl 129.34 1.50 1.1 43.0 CoreBondI 12.90 NA NA NA Vanguard Wellington Adm / VWENX 111.8 Mix Tgt All Gro 15.9 – 0.29 – 1.8
MdCpGrwY 37.05 -0.61 -7.3 88.2 MuHYAdml n 11.88 -0.05 -0.9 18.3 Growth 155.03 -1.54 -6.2 121.3 CoreBondIS 12.92 NA NA NA American Funds Bal A / ABALX 105.8 Mix Tgt All Gro 14.0 0.03 – 1.1
MdCpY 48.39 -0.62 -2.5 67.0 MuIntAdml n 14.57 -0.06 -0.8 12.4 IdxIntl 20.60 0.21 0.7 42.6 CorePlusBdA 11.74 NA NA NA
SandsCapGrY 16.70 -0.62 -12.7 91.8 CorePlusBdI 11.75 NA NA NA Dodge & Cox Stock / DODGX 96.7 Multi-Cap Value 20.7 1.87 4.3
MuLTAdml n 12.00 -0.05 -1.0 16.5 ITTresIdx Inst 27.47 -0.05 -1.4 9.8
SandsCpSelGrwA 14.86 -0.55 -12.7 90.5 MuLtdAdml n 11.12 -0.02 -0.4 7.2 LTTresIdx Inst 36.67 -0.06 -3.9 23.6 CorePlusBdIS 11.75 NA NA NA American Funds EuPc R6 / RERGX 88.9 Intl Large-Cap Growth 15.4 0.06 – 2.7
SelGrwth 14.87 -0.56 -12.8 90.2 MuShtAdml n 15.85 -0.01 -0.2 4.4 MdCpGrAdml n 99.20 -2.08 -9.4 87.8 IntermedBdIS 10.82 -0.05 -1.2 12.5 American Funds Inc A / AMECX 85.1 Mix Tgt All Mod 13.0 0.78 0.5
SmCoA p 5.72 0.01 -1.4 63.8 NJLTAdml n 12.54 -0.06 -0.9 17.8 MdCpVlAdml n 78.90 0.33 1.4 64.1 IntermTermMuniA 6.51 -0.02 -0.7 11.8 PIMCO Income Inst / PIMIX 83.9 Multi-Sector Inc 5.1 – 0.09 – 0.5
Tr for Credit Unions: NYLTAdml n 11.99 -0.05 -1.0 15.8 MidCp 66.61 -0.54 -4.2 76.2 IntermTermMuniI 6.51 -0.02 -0.7 12.4
UltShtDur TCU 9.41 0.00 0.0 4.1 PacifAdml n 96.84 0.80 0.1 34.7 RUSS2000IdxInst 330.80 -2.63 -3.7 57.0 ManagedMuniA 16.57 -0.07 -0.9 13.9 American Funds ICA A / AIVSX 81.3 Large-Cap Core 19.1 – 0.47 – 2.1
Transamerica A: PALTAdml n 11.99 -0.05 -0.8 16.8 SmCap 105.25 -0.59 -2.9 62.9 ManagedMuniI 16.59 -0.07 -0.9 14.5 American Funds Wash A / AWSHX 79.4 Large-Cap Value 18.5 – 0.38 – 1.4
AsAlCnsrv p 11.07 -0.03 -1.9 29.5 PrmcpAdml nr 169.00 1.00 -0.3 76.8 SmValAdml n 77.67 0.37 1.1 58.5 SMAShCrPlCp n 8.71 -0.01 -2.0 15.3 Fidelity SA US Tot Stk / FCTDX 72.8 Multi-Cap Core 23.0 – 0.67 – 2.4
AsAIGrow p 15.08 -0.06 -2.2 58.1 RealEstatAdml n 155.06 -2.33 -5.6 56.9 TotBd 10.99 -0.03 -1.7 12.7 SmashSerC n 9.48 -0.07 -1.0 17.3
AsAlMod p 12.01 -0.03 -1.9 36.3 S&PSC600Idx 418.51 1.20 -0.9 62.2 TotBd2 10.85 -0.03 -1.7 12.5 SmashSerM n 10.45 NA NA NA Dodge & Cox Income / DODIX 71.8 Core Bond 5.5 – 0.22 – 1.1
AsAlModGr p 13.19 -0.05 -2.1 45.9 SmCapAdml n 105.28 -0.58 -2.9 63.5 TotIntlInstIdx r 137.78 1.39 0.7 43.0 TotalRetUnconI 10.21 NA NA NA American Funds FInv A / ANCFX 70.6 Large-Cap Core 19.0 – 0.46 – 2.6
Balanced 34.09 0.00 -1.7 57.4 SmGthAdml n 90.84 -1.91 -8.3 64.1 TotItlInstPlId r 137.82 1.40 0.7 43.0 Westwood Income Oppo: Vanguard PRIMECAP Adm / VPMAX 70.0 Large-Cap Core 20.3 0.02 – 0.6
FocusA 36.19 -1.87 -16.9 100.6 STBondAdml n 10.53 -0.02 -0.6 7.8 TotSt 114.36 -0.50 -2.7 86.4 WwIncOpFdInstl 12.75 0.03 -0.2 38.5
Trust for Professional Ma: STCorpIx n 21.97 -0.05 -0.7 10.7 VANGUARD INSTL FDS: Westwood Quality Sma: American Funds CIB A / CAIBX 68.9 Global Equity Income 11.3 1.10 0.9
PerfTrstMuniInst 25.57 -0.12 -1.1 16.2 STFedAdml n 10.73 -0.02 -0.5 7.6 BalInst 47.89 -0.18 -2.3 54.8 WwQalSmallCapI 21.37 -0.13 -0.9 54.8 American Funds NPer A / ANWPX 67.9 Global Large-Cap Growth 23.5 – 1.28 – 3.6
PrfTrtStrtBd Ins 22.41 -0.05 -1.3 13.8 STIGradeAdml n 10.68 -0.03 -0.8 9.9 DevMktsIndInst 16.49 0.07 0.2 45.0 Williamsburg Invst T: BlackRock Cash Inst SLA / 65.7 Instl Money Mkt NA NA NA
Tweedy Browne Fds: STIPSIxAdm n 25.60 0.01 -0.5 14.8 DevMktsInxInst 25.77 0.11 0.2 45.0 DavPrtSmCapFoFd n 18.06 -0.53 -5.0 92.3
GblValue n 29.70 0.46 2.1 30.9 STsryAdml n 10.57 -0.01 -0.5 6.6 EmMkInst r 31.98 0.90 2.6 39.0 Wilmington Funds:
Fidelity Str Adv LgCp / FALCX 64.0 Large-Cap Core 0 – 0.57 – 1.7
STTresIdx n 20.20 -0.03 -0.4 5.6 EuroInst 36.44 -0.05 -0.1 48.8 BroadMktBdInst 9.87 -0.03 -1.5 13.0 American Funds CWGI A / CWGIX 62.5 Global Large-Cap Core 16.5 0.19 – 1.2
U TotBdAdml n 10.99
TotIntBdIdxAdm n 21.88
-0.03
-0.01
-1.7
-0.8
13.0
9.1
ExDurTrsInst 40.06
ExtndInst 131.25
-0.07
-1.55
-4.9
-5.4
33.1
70.2
Intl Inst
LgCpStrInst
10.18
31.51
0.03 -0.5 41.4
-0.11 -2.4 89.1
Vanguard ITR 2030 Inst / VTTWX 59.7 Mix-Asst Targ 2030 13.9 0.03 – 1.2
Wm Blair Funds Cl I:
T Rowe Price BC Gro / TRBCX 59.4 Large-Cap Growth 21.8 – 2.74 – 7.6
Ultimus: TotIntlAdmIdx nr 34.45 0.34 0.7 42.8 FTAlWldIst r 122.14 1.42 1.1 42.9
LyricalUSVlEqI 23.15 0.23 0.7 64.6 TotStAdml n 114.39 -0.50 -2.7 87.0 FTScinst 32.20 -0.21 -3.7 96.4 IntlGthI r 35.84 -1.15 -7.3 69.4 PIMCO Tot Rtn Inst / PTTRX 57.2 Core Plus Bond 4.8 0.04 – 1.2
UM Funds: TxMBal nr 41.71 -0.17 -1.7 46.0 GrwthInst 155.00 -1.53 -6.2 122.2 SmCapValI 34.30 0.37 2.1 60.0 Vanguard Div Gro Inv / VDIGX 56.4 Equity Income 20.7 – 1.28 – 1.9
BehavVal 87.48 1.45 5.0 65.2 TxMCapAdml n 241.57 -0.80 -2.6 90.5 InPrSeIn 11.32 -0.03 -2.3 23.4 SmMidI r 31.72 -0.73 -8.6 64.8 Vanguard Intl Gro Adm / VWILX 55.9 Intl Large-Cap Growth 23.8 – 0.68 – 4.1
USAA Group: TxMIn nr 16.46 0.06 0.1 44.8 InstIdx 397.20 -1.15 -2.1 90.1 Wm Blair Funds Inst:
500Indx Reward n 60.78 -0.18 -2.4 92.5 TxMSC nr 92.44 0.29 -0.9 62.9 InstPlus 397.22 -1.15 -2.1 90.2 IntlGth 17.64 -0.56 -7.3 70.8 Vanguard Wellesley Adm / VWIAX 55.6 Mix Tgt Alloc Con 10.8 0.31 0.1
CA Bd n 11.48 NA NA NA USGroAdml n 153.98 -2.68 -8.6 109.9 InstTStIdx 85.83 -0.38 -2.7 87.1 Wm Blair Funds R6:
CapGr n 12.77 0.03 -0.6 55.2 UtilIxAd nr 76.18 -1.03 -2.9 43.5 InstTStPlus 85.81 -0.38 -2.7 87.1 EmgMktGth 15.73 0.26 -1.9 79.1 *Annualized 01/10/2019 to 01/13/2022. Through Thursday. Source: Lipper
70 BARRON’S January 17, 2022

Weekly Closed-End Funds Data provided by

52 Week 52 Week
Stock Market Prem Market TRACKING CLOSED - END FUNDS Stock Market Prem Market
Fund Name (Symbol) Exch NAV Price /Disc Return Fund Name (Symbol) Exch NAV Price /Disc Return
Friday, January 14, 2022 United Corps Ltd (UNC)-cy ............... T 178.89 108.75 – 39.2 2.1
General Equity Funds Going Backwards: The Herzfeld Average and the Dow continued their sluggish start U.S. Mortgage Bond Funds
Adams Diversified Equity (ADX) ...... N 22.02 19.12 – 13.2 26.9 BlckRk Income (BKT) ...................... N 5.56 5.57 + 0.2 7.3
Boulder Growth & Income (BIF) ...... N 17.40 14.87 – 14.5 36.3 to 2022, dropping 1.5% and 0.3%, respectively, for the week ended Thursday. First Trust Mtge Inc (FMY) .............. N 13.68 13.57 – 0.8 5.2
Central Secs (CET)-c ........................ A 48.89 42.39 – 13.3 40.4 Invesco HI 2023 Tgt Term (IHIT) ..... N 9.27 9.25 – 0.2 6.0
CohenStrsCEOppFd (FOF)-a ............ N 13.92 14.06 + 1.0 19.7 Invesco HI 2024 Tgt Term (IHTA) .... N 9.73 9.89 + 1.6 5.3
Eagle Capital Growth (GRF)-c ........... A 10.87 10.25 – 5.7 42.8 Nuveen Mortgage and Inc (JLS)-a .... N 22.03 20.52 – 6.9 4.6
EVTxAdvDivIncm (EVT) .................. N NA 30.08 NA 33.1 72800 Net Asset Value Nuveen Multi-Market Inc (JMM)-c ... N 7.59 7.39 – 2.6 4.6
Equus II (EQS) ................................ N NA 2.42 NA 46.6 74000 Vertical Capital Income (VCIF) ........ N NA 10.27 NA 8.4
Foxby Corp. (FXBY) ........................ O 22.50 NA NA NA Western Asset Mtg Oppty (DMO) .... N NA 15.40 NA 8.8
GabelliDiv&IncTr (GDV)-a ................ N 29.47 26.88 – 8.8 28.3
Gabelli Equity Tr (GAB)-h ................. N 6.40 7.20 + 12.5 25.4 65600 70500 12 mos
Stock Market Prem Yield
GeneralAmer (GAM) ....................... N 51.53 43.27 – 16.0 23.9
JHancockTaxAdvDiv (HTD)-a .......... N 26.03 26.31 + 1.1 33.9 *Herzfeld 67000 Fund Name (Symbol) Exch NAV Price /Disc 12/31/21
Liberty All-Star Equity (USA)-h ......... N 8.07 8.30 + 2.9 29.5 Closed-End Investment Grade Bond Funds
Liberty All-Star Growth (ASG)-h ....... N 7.57 8.00 + 5.7 2.0 58400 63500 Angel Oak Dynmc FS I Trm (DYFN)-a N 20.80 20.49 – 1.5 7.1
Royce Micro-Cap Tr (RMT) ............. N 12.48 11.23 – 10.0 15.8 Average Angel Oak FS Inc Trm (FINS)-a ......... N 17.57 16.49 – 6.1 7.6
Royce Value Trust (RVT) ................. N 19.62 18.47 – 5.9 17.1 60000 BlRck Core Bond (BHK) .................. N 15.03 15.02 – 0.1 5.3
Source Capital (SOR) ...................... N 46.10 43.14 – 6.4 16.6 2Q 3Q 4Q BR Credit Alloc Inc (BTZ) ................. N 14.78 14.16 – 4.2 6.6
Special Opportunities (SPE) ............ N NA 15.44 NA 22.1 51200 BR Enhcd Govt (EGF) ...................... N 12.53 12.24 – 2.3 3.9
Sprott Focus Trust (FUND) .............. O 9.15 8.75 – 4.4 28.7 % Disc/Prem From Net Asset Value Insight Select Income (INSI) ........... N 20.70 19.62 – 5.2 3.5
Tri-Continental (TY) ........................ N 36.42 32.43 – 11.0 23.9
Specialized Equity Funds 0 InvescoBond (VBF) ......................... N
J Han Income (JHS) ........................ N
19.70
15.12
18.92
14.71


4.0
2.7
3.2
5.1
Aberdeen Glb Prem Prop (AWP) ..... N 6.80 6.56 – 3.5 32.9 44000 MFS Govt Mkts (MGF) .................... N 4.25 4.15 – 2.4 7.7
Aberdeen Std Gl Infra I (ASGI) ......... N 22.88 20.48 – 10.5 9.1 -2 MFS Intmdt (MIN) .......................... N 3.55 3.48 – 2.0 8.9
Adams Natural Resources (PEO) .... N 21.42 19.00 – 11.3 59.2 Dow Industrials Western Asset Inf-Lk Inc (WIA) ....... N NA 12.76 NA 10.6
Allspring Ut & Hi Inc (ERH)-a ............ A 13.20 14.65 + 11.0 23.2
36800 -4 Western Asset Inf-Lk O&I (WIW) .... N NA 13.00 NA 6.9
ASA Gold & Prec Met Ltd (ASA) ....... N 24.92 21.51 – 13.7 2.3 WA Investment Grade Inc (PAI) ....... N NA 14.71 NA 3.5
BR Enh C&I (CII)-a ........................... N 21.89 21.44 – 2.1 28.7 -6 WesternAssetPremBd (WEA) ......... N NA 13.78 NA 5.5
BlackRock Energy & Res (BGR)-a .... N 11.96 10.89 – 8.9 45.1 Westn Asst IG Def Opp Tr (IGI) ........ N NA 20.65 NA 3.6
BlackRock Eq Enh Div (BDJ)-a .......... N 10.51 10.15 – 3.4 28.8
BlackRock Enh Glbl Div (BOE)-a ....... N 13.24 12.23 – 7.6 19.2 29600 -8 Loan Participation Funds
2Q 21 3Q 21 4Q 21 2Q 21 3Q 21 4Q 21 Apollo Senior Floating (AFT) ........... N NA 16.75 NA 6.0
BlackRock Enh Intl Div (BGY)-a ........ N 6.73 6.33 – 5.9 14.6 BR Debt Strategy (DSU) .................. N 11.62 11.51 – 0.9 6.2
BlackRock ESG Cap Alloc (ECAT)-a .. N 20.06 18.47 – 7.9 NS BR F/R Inc Str (FRA) ....................... N 13.95 13.80 – 1.1 5.9
BlackRock Hlth Sci Tr II (BMEZ)-a .... N 23.58 22.48 – 4.7 – 19.4 The Herzfeld Closed-End Average measures 15 equally-weighted closed-end funds based in the U.S. that invest principally in BlackRock Floatng Rt Inc (BGT) ...... N 13.55 14.06 + 3.8 5.5
BlackRock Hlth Sciences (BME)-a .... N 45.23 45.92 + 1.5 – 2.4 American equities. The net assest value is a weighted average of the funds' NAVs. Source: Thomas J. Herzfeld Advisors Inc., Miami. Blackstone Lng-Sh Cr Inc (BGX) ..... N 15.29 14.74 – 3.6 6.5
BlackRock Innov and Grow (BIGZ)-a N 14.31 13.49 – 5.7 NS Blackstone Sr Fl Rt Tm (BSL) .......... N 16.30 16.44 + 0.9 5.2
BlackRock Res & Comm (BCX)-a ..... N 10.80 10.06 – 6.9 26.6 305-271-1900/www.herzfeld.com
Blackstone Strat Cr (BGB) ............... N 14.51 13.70 – 5.6 6.2
BlackRock Sci&Tech Tr II (BSTZ)-a .. N 34.37 32.97 – 4.1 – 0.3 BNY Mellon Alct GCI 2024 (DCF) ..... N 9.31 9.27 – 0.4 6.4
BlackRock Sci&Tech Trust (BST)-a .. N 48.25 47.66 – 1.2 – 0.4 52 Week 52 Week Eagle Point Credit (ECC)-a ................ N NA 14.01 NA 11.7
BlackRock Utl Inf & Pwr (BUI)-a ....... N 25.07 26.39 + 5.3 6.8 Stock Market Prem Market Stock Market Prem Market Eagle Point Income (EIC)-a .............. N NA 17.24 NA 7.7
CLEARBRIDGE ENGY MDS OPP (EMO) N NA 24.89 NA 61.1 Fund Name (Symbol) Exch NAV Price /Disc Return Fund Name (Symbol) Exch NAV Price /Disc Return Eaton Vance F-R 2022 TT (EFL)-a ..... N NA 9.34 NA 3.9
CLEARBRIDGE MLP&MDSTM TR (CTR) N NA 26.72 NA 64.5 EtnVncFltRteInc (EFT) .................... N NA 14.85 NA 5.2
ClearBridge MLP & Midstm (CEM) .. N NA 30.37 NA 58.5 NuvCorEqAlpha (JCE) ..................... N 17.20 17.50 + 1.7 38.9 VAGI Con & Inc 2024 (CBH)-a .......... N 9.91 9.99 + 0.8 9.7
Nuveen Nasdaq 100 Dyn Ov (QQQX) N 29.15 28.68 – 1.6 18.9 VAGI Dvs Inc & Conv (ACV)-a ........... N 28.47 34.76 + 22.1 29.6 EV SenFlRtTr (EFR) ......................... N NA 14.46 NA 5.6
Cntr Cst Brkfld MLP&EI (CEN) ......... N 18.87 15.73 – 16.7 60.0 EVSnrIncm (EVF)-a .......................... N NA 6.82 NA 5.3
ChnStrInfr (UTF)-a ........................... N 27.41 27.54 + 0.5 9.0 Nuv Real Est (JRS) .......................... A 12.78 12.26 – 4.1 57.4 VAGI Eqty & Conv Inc (NIE) ............. N 31.32 28.74 – 8.2 13.1
Nuveen Rl Asst Inc & Gro (JRI)-a ...... N 17.32 16.04 – 7.4 28.6 World Equity Funds FT/Sr Fltg Rte Inc 2 (FCT) ................ N 12.33 12.19 – 1.1 9.2
Cohen&SteersQualInc (RQI)-a ......... N 17.19 17.01 – 1.0 48.0 Highland Income (HFRO) ................ N 13.86 11.05 – 20.3 8.4
Cohen&Steers TotRet (RFI)-a .......... N 15.51 16.37 + 5.5 34.3 NuvS&P500DynOvFd (SPXX) ......... N 18.58 18.42 – 0.9 30.1 AbrdnAusEq (IAF) ........................... A 6.10 5.85 – 4.1 19.8
NuvSP500BuyIncFd (BXMX) .......... N 15.21 15.04 – 1.1 27.7 Aberdeen Emg Mkts Eq Inc (AEF) .... A 8.87 8.10 – 8.7 1.8 InvDYCrOpp:AX (VTA) .................... N 12.47 NA NA NA
CohenStrsREITPrefInc (RNP)-a ....... N 27.98 28.27 + 1.0 37.5 InvSnrIncTr (VVR) .......................... N 4.63 4.47 – 3.5 7.2
Columbia Sel Prm Tech Gr (STK) ..... N 34.54 35.22 + 2.0 36.9 PIMGlbStkPI (PGP)-a ...................... N 10.42 10.71 + 2.8 15.8 Aberdeen Glbl Dyn Div (AGD) .......... N 13.16 12.28 – 6.7 22.5
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

ReavesUtilityIncome (UTG) ............ A 33.46 34.11 + 1.9 11.8 Aberdeen Japan Equity (JEQ) .......... N 9.09 8.19 – 9.9 – 3.5 Nuveen Credit Strat Inc (JQC)-a ........ N 6.88 6.58 – 4.4 10.0
CushingMLPTotRet (SRV)-d ............ N 39.41 33.50 – 15.0 41.5 NuvFloatRateIncFd (JFR)-a .............. N 10.44 10.47 + 0.3 6.6
Cushing NextGen Inf Inc (SZC) ........ N 53.30 47.30 – 11.3 23.0 Salient Midstream & MLP (SMM) ... N 8.27 7.10 – 14.1 43.3 Aberdeen Tot Dyn Div (AOD) ........... N 11.17 10.40 – 6.9 22.8
Tortoise Energy Ind (NDP) .............. N 29.38 25.65 – 12.7 72.5 Allspring Gl Div Oppty (EOD) ........... N 6.10 5.87 – 3.8 28.9 NuvFloatRteIncOppty (JRO)-a ......... N 10.34 10.34 + 0.0 6.6
DNP Select Income (DNP) .............. N 9.82 11.14 + 13.4 18.0 Nuveen Senior Income (NSL)-a ........ N 6.13 6.04 – 1.5 6.8
Duff&Ph Uti&Infra Inc Fd (DPG) ...... N 14.01 14.40 + 2.8 22.5 Tortoise Enrgy Infra Crp (TYG) ........ N 36.77 29.55 – 19.6 30.9 BlackRock Capital Alloc (BCAT)-a ..... N 20.42 18.93 – 7.3 – 6.8
Tortoise Midstream Enrgy (NTG) .... N 40.65 33.54 – 17.5 41.0 Calamos GloDynInc (CHW) ............. N 9.56 10.01 + 4.7 12.0 Nuveen Sht Dur Crdt Opp (JSD)-a .... N 15.63 15.26 – 2.4 6.8
EtnVncEqtyInc (EOI) ....................... N NA 19.75 NA 28.6 PionrFltRate Tr (PHD) ..................... N 11.67 11.85 + 1.5 6.2
EtnVncEqtyIncoII (EOS) ................. N NA 22.97 NA 15.4 Tortoise Pipelne & Enrgy (TTP) ....... N 31.65 25.44 – 19.6 41.7 Cdn Genl Inv (CGI)-y ........................ T 59.17 43.30 – 26.8 28.1
EVRskMnDvsEqInc (ETJ) ............... N NA 10.50 NA 9.8 Tortoise Pwr & Engy Infr (TPZ) ....... N 16.09 14.23 – 11.6 27.1 Central and Eastern Euro (CEE) ....... N 28.99 24.98 – 13.8 2.2 High Yield Bond Funds
ETnVncTxMgdBuyWrtInc (ETB) ..... N NA 17.22 NA 25.3 VAGIAI & Tech Opptys (AIO)-a ......... N 25.34 24.60 – 2.9 6.4 China (CHN) ................................... N 20.00 18.54 – 7.3 – 16.8 Aberdeen Inc Credit Str (ACP) ......... N 10.29 10.33 + 0.4 11.7
EtnVncTxMgdBuyWrtOpp (ETV) ..... N NA 16.36 NA 16.5 VDivInt&PremStr (NFJ) .................. N 16.80 15.58 – 7.3 22.7 Delaware Enh Gl Div & In (DEX) ....... N 11.08 10.29 – 7.1 13.2 AllianceBernGlHiIncm (AWF) .......... N 12.64 11.87 – 6.1 6.4
EvTxMnDvsEqInc (ETY) ................. N NA 14.69 NA 27.6 Income & Preferred Stock Funds EV TxAdvGlbDivInc (ETG) ............... N NA 22.40 NA 32.2 Allspring Income Oppty (EAD)-a ...... A 8.99 8.68 – 3.4 7.5
EtnVncTxMgdGlbB (ETW) .............. N NA 11.05 NA 24.0 CalamosStratTot (CSQ) .................. N 18.46 18.66 + 1.1 27.6 EtnVncTxAdvOpp (ETO) ................. N NA 32.11 NA 33.5 Barings Glb SD HY Bd (BGH) ........... N 17.98 17.05 – 5.2 7.3
EVTxMnGblDvEqInc (EXG) ............. N NA 10.65 NA 30.4 CohenStrsLtdDurPref&Inc (LDP)-a . N 25.17 26.00 + 3.3 11.4 Economic Inv Tr (N/A)-cy ................. T 196.89 129.50 – 34.2 21.8 BR Corporate HY (HYT) .................. N 11.87 11.94 + 0.6 7.5
Ecofin S&S Impact Term (TEAF) ..... N 17.21 15.31 – 11.0 21.2 CohenStrsSelPref&Income (PSF)-a . N 25.75 25.63 – 0.5 4.9 European Equity Fund Inc (EEA) ...... N 11.84 10.73 – 9.4 16.4 BlackRock Ltd Dur Inc (BLW) .......... N 16.31 15.95 – 2.2 6.9
First Trust Energy Inc G (FEN) ......... A 15.01 15.95 + 6.3 42.3 CohenStrsTaxAvPreSecs&I (PTA)-a N 25.36 24.20 – 4.6 2.5 FirstTrAbEmergOp (FEO) ................ N 13.82 13.25 – 4.1 – 1.7 BNY Mellon Hi Yield Str (DHF) ......... N 3.25 3.10 – 4.6 8.2
First Tr Enhanced Eq (FFA) .............. N 20.92 21.38 + 2.2 32.1 Del Div & Inc (DDF) ......................... N 11.19 11.65 + 4.1 33.7 FirstTr Dyn Euro Eq Inc (FDEU) ....... N 15.64 13.86 – 11.4 21.8 Brookfield Real Asst Inc (RA) .......... N 20.06 21.83 + 8.8 11.3
First Tr Specialty Fn (FGB) ............... N 4.48 4.10 – 8.6 33.8 Dividend and Income (DNI) ............. N 20.26 14.34 – 29.2 34.0 Gabelli Gl Sm&Mid Cp Val (GGZ) ..... N 17.54 15.83 – 9.7 29.1 CrSuisHighYld (DHY) ..................... A 2.53 2.47 – 2.4 7.6
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

FirstTrEnergyInfra (FIF) .................. N 15.88 14.07 – 11.4 30.9 FirstTrIntDurPref&Inc (FPF) ........... N 24.36 24.35 + 0.0 13.1 Gabelli Multimedia (GGT)-h ............. N 8.13 8.81 + 8.4 18.7 CSAM Income Fd (CIK) ................... A 3.43 3.45 + 0.6 7.8
FirstTrMLPEner&Inc (FEI) .............. N 8.56 7.85 – 8.3 33.0 JHanPrefInc (HPI) .......................... N 20.36 20.67 + 1.5 19.6 GDL Fund (GDL) ............................. N 10.49 8.97 – 14.5 8.6 DELAWARE IVY HIGH INCOPP (IVH)-a N 14.79 13.94 – 5.7 6.1
Gab Gl Util & Inc (GLU)-ah ................ A 20.69 21.50 + 3.9 23.2 JHPrefIncII (HPF)-a ......................... N 20.12 20.62 + 2.5 20.7 Herzfeld Caribb (CUBA) .................. O 6.70 5.69 – 15.1 16.7 DoubleLine Inc Sol (DSL)-a .............. N 16.75 15.90 – 5.1 10.7
Gabelli Healthcare (GRX)-h .............. N 14.93 13.28 – 11.1 17.2 HnckJPfdInco III (HPS)-a ................ N 17.99 18.34 + 1.9 18.5 Highland Global Alloc (HGLB) ......... N 11.81 9.82 – 16.9 61.5 DoubleLine Yld Opps (DLY)-a .......... N 19.43 18.33 – 5.7 7.4
Gab Utility (GUT)-ah ......................... N 4.21 8.08 + 91.9 15.7 J Han Prm (PDT)-a ........................... N 15.18 16.67 + 9.8 33.7 India Fund (IFN) .............................. N 24.33 22.20 – 8.8 25.3 First Tr Hi Inc Lng/Shrt (FSD) .......... N 15.91 15.16 – 4.7 8.4
GAMCOGlGold&NatRes (GGN)-a ..... A 3.95 3.84 – 2.8 21.2 LMP CapInco (SCD) ........................ N NA 14.78 NA 34.4 J Han Hdgd Ety & Inc (HEQ) ............ N 13.43 13.43 + 0.0 28.1 First Trust HY Opp:2027 (FTHY) ...... N 20.28 20.01 – 1.3 7.8
GAMCO NR GLD & INC TR (GNT)-a .. N 6.04 5.40 – 10.6 15.0 Nuveen Multi-Asset Inc (NMAI) ...... N 19.81 19.05 – 3.8 NS JHancockTaxAdv Gl Sh Yld (HTY) ... N 6.69 6.71 + 0.3 28.8 Franklin Univ (FT) ........................... N 8.81 8.36 – 5.1 5.5
J Han Finl Opptys (BTO) .................. N 43.13 46.50 + 7.8 46.3 Nuveen Pref & I 2022 Trm (JPT)-a .... N 24.32 24.20 – 0.5 5.3 Japan Smaller Cap (JOF) ................. N 9.14 7.89 – 13.7 – 7.4 InvHighIncTrII (VLT) ...................... N 14.50 14.30 – 1.4 8.0
Macquarie/FirstTr Gl (MFD) ............ N 10.77 9.89 – 8.2 20.7 Nuveen Pref & Inc Opp (JPC)-a ........ N 9.70 9.79 + 0.9 14.9 Korea (KF) ...................................... N NA 34.75 NA 3.0 KKR Income Opportunities (KIO)-a .. N NA 16.59 NA 7.4
Madison CovCall & Eq Str (MCN) .... N 7.53 8.12 + 7.8 23.5 Nuveen Fd (JPS)-a ........................... N 9.60 9.69 + 0.9 12.9 LazardGlbTotRetInc (LGI) ............... N 20.35 19.99 – 1.8 20.2 MFS IntmdHgInc (CIF) .................... N 2.34 2.58 + 10.3 8.4
Neuberger Brmn MLP & EI (NML) ... N 6.97 5.59 – 19.8 48.5 Nuveen Pref & Inc Term (JPI)-a ........ N 24.61 25.64 + 4.2 15.3 MexicoEqandIncmFd (MXE) ........... N 11.31 9.09 – 19.6 – 9.8 NeubHgYldStrt (NHS) ..................... N 12.11 11.96 – 1.2 8.7
Neuberger Nxt Gen Conn (NBXG) .... N 17.59 15.69 – 10.8 NS Nuveen Var Rate P&I (NPFD) .......... N 24.85 26.23 + 5.6 NS Mexico (MXF) ................................. N NA 15.93 NA 15.5 New Amer Hi Inc (HYB) ................... N 9.66 9.03 – 6.5 5.8
NubrgrRlEstSec (NRO) ................... A 5.32 5.09 – 4.3 33.8 TCW Strat Income (TSI) .................. N 5.68 5.67 – 0.2 9.0 Miller/Howard High Inc E (HIE) ....... N 11.97 10.91 – 8.9 39.0 Nuveen CI 2023 Target (JHAA)-a ...... N 9.95 9.89 – 0.6 4.1
Nuv Dow 30 Dyn Overwrite (DIAX) .. N 18.08 17.83 – 1.4 26.5 Convertible Sec's. Funds MS ChinaShrFd (CAF)-J ................... N 21.84 19.78 – 9.4 – 5.5 Nuveen Crdt Opps 2022 TT (JCO)-a .. N 8.12 8.07 – 0.6 5.8
AdvntCnvrtbl&IncFd (AVK)-a ........... N NA 17.52 NA 22.1 MS India (IIF) .................................. N 33.20 28.08 – 15.4 36.3 Nuveen Global High Inc (JGH)-a ....... N 16.39 15.55 – 5.1 8.1
a-NAV and market price are ex dividend. b-NAV is fully diluted. c- Bancroft Fund Ltd (BCV) ................. A 26.91 25.08 – 6.8 – 5.0 MS CBRE Gl In Mg (MEGI)-a ............ N 20.47 20.24 – 1.1 NS PGIM Global High Yield (GHY) ........ N 15.98 15.16 – 5.1 8.3
NAV is as of Thursday’s close. d-NAV is as of Wednesday’s close. CalamosConvHi (CHY) ................... N 15.01 15.46 + 3.0 14.1 New Germany (GF) ......................... N 16.08 14.74 – 8.3 9.0 PGIM High Yield Bond (ISD) ........... N 16.85 16.02 – 4.9 7.8
CalmosConvOp (CHI) ..................... N 14.22 14.70 + 3.4 15.2 New Ireland (IRL) ........................... N 12.70 11.05 – 13.0 22.8 PGIM Sh Dur Hi Yld Opp (SDHY) ..... N 19.48 18.47 – 5.2 7.6
e-NAV assumes rights offering is fully subscribed. f-Rights offering PioneerHilncm (PHT) ..................... N 9.50 9.36 – 1.5 8.1
Ellsworth G&I Fund Ltd (ECF) .......... A 12.61 11.43 – 9.4 – 9.8 RENN Fund (RCG) .......................... A NA 2.50 NA 31.9
in process. g-Rights offering announced. h-Lipper data has been ad- Gabelli Conv Sec (GCV) ................... N 5.97 6.42 + 7.5 11.0 Royce Global Value Trust (RGT) ...... N 13.53 12.64 – 6.6 12.8 WstAstHIF II (HIX) .......................... N NA 6.73 NA 8.2
justed for rights offering. j-Rights offering has expired, but Lipper HiIncBd (PCF) ................................. N 8.85 8.73 – 1.4 9.7 Swiss Helvetia (SWZ) ..................... N 11.10 9.80 – 11.7 15.0 Western Asset Hi Inc Opp (HIO) ...... N NA 4.96 NA 7.0
data not yet adjusted. l-NAV as of previous day. o-Tender offer in VAGI Conv & Inc II (NCZ)-a .............. N 5.21 4.87 – 6.5 5.9 Templeton Dragon (TDF) ................ N 18.17 16.63 – 8.5 – 22.2 Western Asset Hi Yld D O (HYI) ....... N NA 15.05 NA 7.1
process. Source: Lipper VAGI Conv & Inc (NCV)-a ................. N 5.82 5.55 – 4.6 5.0 Templeton Em Mkt (EMF) ............... N 18.21 16.30 – 10.5 – 10.9 Other Domestic Taxable Bond Funds

THREE YEAR TED SPREAD Market Sentiment LAST +0.58


Citigroup Panic/Euphoria Model
TED Spread = 3-mth LIBOR – 3-mth T-bill rate
1.5
1.4 1.4
1.3
1.2
Euphoria 0.7
1.1
1.0
0.9 0
0.8 Panic
0.7 -0.7
Friday's Close 0.12
0.6
0.5 -1.4
0.4
0.3 -2.1
0.2 D J F M A M J J A S O N D J
0.1 The panic/euphoria model is a gauge of investor sentiment. It identifies "Panic" and "Euphoria" levels which are statistically driven buy and
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 sell signals for the broader market. Historically, a reading below panic supports a better than 95% likelihood that stock prices will be
19 20 21 22 higher one year later, while euphoria levels generate a better than 80% probability of stock prices being lower one year later.
Source: Citigroup Investment Research - US Equity Strategy
January 17, 2022 BARRON’S 71

Weekly Closed-End Funds Data provided by

12 mos 12 mos 12 mos 52 Week


Stock Market Prem Yield Stock Market Prem Yield Stock Market Prem Yield Stock Market Prem Market
Fund Name (Symbol) Exch NAV Price /Disc 12/31/21 Fund Name (Symbol) Exch NAV Price /Disc 12/31/21 Fund Name (Symbol) Exch NAV Price /Disc 12/31/21 Fund Name (Symbol) Exch NAV Price /Disc Return
Allspring Multi-Sector (ERC)-a ........ A 12.25 12.64 + 3.2 8.5 Nuveen Dyn Muni Opp (NDMO)-a ..... N 15.55 15.78 + 1.5 5.5 Bluerock Total Inc+ RE:I (N/A) ......... z 34.62 NA NA 22.2 CliffwaterElFd;A (N/A) ..................... z 10.46 NA NA NS
Apollo Tactical Income (AIF) ........... N NA 15.84 NA 6.5 Nuveen Enh Muni Val (NEV)-a .......... N 15.61 15.06 – 3.5 4.5 Bluerock Total Inc+ RE:L (N/A) ........ z 33.49 NA NA 21.6 CNR Strategic Credit (N/A) .............. z 9.83 NA NA 13.6
Ares Dynamic Crdt Alloc (ARDC) ..... N NA 16.06 NA 7.1 Nuveen Int Dur Mun Term (NID)-a .... N 14.76 14.43 – 2.2 3.6 Bluerock Total Inc+ RE:M (N/A) ....... z 31.99 NA NA NS FedProj&TrFinanceTendr (N/A) ...... z 9.90 NA NA 2.1
Barings Corporate Inv (MCI) ........... N NA 16.24 NA 6.0 Nuveen Int Dur Qlty Mun (NIQ)-a ...... N 14.67 14.67 + 0.0 3.4 Broadstone Rl Est Acc:I (N/A) .......... z NA NA NA NA Flat Rock Core Income (N/A) ........... z NA NA NA 6.7
Barings Part Inv (MPV) ................... N NA 14.48 NA 5.4 Nuveen Mu Crdt Opps (NMCO)-a ...... N 15.47 14.97 – 3.2 4.7 Broadstone Rl Est Acc:W (N/A) ....... z NA NA NA NA InvDYCrOpp:A (N/A) ....................... z 12.47 NA NA NS
BlackRock Mlt-Sctr Inc (BIT) .......... N 17.52 17.59 + 0.4 8.1 Nuv Muni Credit Income (NZF)-a ...... A 16.85 16.32 – 3.1 4.6 CBRE GlbRlEst (IGR) ...................... z 9.88 9.37 – 5.2 31.5 InvDYCrOpp:R6 (N/A) .................... z 12.47 NA NA NS
BlackRock Tax Muni Bd (BBN) ........ N 24.60 24.54 – 0.2 5.4 NuvMuniHiIncOpp (NMZ)-a ............. A 14.47 14.63 + 1.1 5.1 CIM RA&C A (N/A) .......................... z 26.43 NA NA 9.9 InvDYCrOpp:Y (N/A) ....................... z 12.47 NA NA NS
DoubleLine:Oppor Crdt Fd (DBL)-a .. N 18.61 18.64 + 0.2 7.1 Nuveen Muni Inc (NMI)-a ................. N 11.23 11.30 + 0.6 3.2 CIM RA&C C (N/A) .......................... z 26.08 NA NA 9.0 Invesco Sr Loan A (N/A) .................. z 6.51 NA NA 4.7
EVLmtDurIncm (EVV)-a ................... A NA 12.71 NA 9.1 Nuveen Muni Val (NUV)-a ................ N 10.56 10.19 – 3.5 3.4 CIM RA&C I (N/A) ........................... z 26.53 NA NA 10.1 Invesco Sr Loan C (N/A) .................. z 6.53 NA NA 3.9
Franklin Ltd Dur Income (FTF) ......... A 8.95 8.97 + 0.2 10.2 Nuveen Quality Muni Inc (NAD)-a ..... N 15.98 15.07 – 5.7 4.4 CIM RA&C L (N/A) .......................... z 26.30 NA NA 9.5 Invesco Sr Loan IB (N/A) ................. z 6.51 NA NA 4.9
J Han Investors (JHI) ...................... N 18.04 18.75 + 3.9 7.5 Nuveen Sel Mat (NIM)-a ................... N 10.74 10.78 + 0.4 2.6 Clarion Partners REI D (N/A) ........... z NA NA NA NA Invesco Sr Loan IC (N/A) ................. z 6.51 NA NA 4.8
MFS Charter (MCR) ........................ N 8.26 8.34 + 1.0 8.1 Nuveen Sel TF (NXP) ....................... N 16.18 15.58 – 3.7 3.4 Clarion Partners REI I (N/A) ............. z NA NA NA NA Invesco Sr Loan Y (N/A) .................. z 6.51 NA NA 4.9
NuvCorePlusImpact (NPCT)-a ......... N 18.94 17.47 – 7.8 NS PIMCO MuniInc (PMF)-a .................. N 13.04 13.97 + 7.1 4.2 Clarion Partners REI S (N/A) ........... z NA NA NA NA OFS Credit Company (OCCI) ........... z NA 13.39 NA NA
Nuveen Taxable Muni Inc (NBB)-a .... N 22.09 22.40 + 1.4 5.5 PIMCOMuniIncII (PML)-a ................ N 12.10 14.20 + 17.4 4.8 Clarion Partners REI T (N/A) ............ z NA NA NA NA Yieldstreet Prism (N/A) ................... z NA NA NA 7.8
PCM Fund (PCM)-a .......................... N NA 10.66 NA 8.9 Pimco Muni III (PMX)-a ................... N 11.16 11.67 + 4.6 4.3 Griffin Inst Access RE:A (N/A) ......... z NA NA NA NA High Yield Bond Funds
PIMCO Corp & Inc Oppty (PTY)-a ..... N 13.99 16.16 + 15.5 9.1 PioneerHilncAdv (MAV) .................. N 12.05 11.30 – 6.2 4.8 Griffin Inst Access RE:C (N/A) ......... z NA NA NA NA Griffin Inst Access Cd:A (N/A) ......... z NA NA NA 6.1
PIMCO Corp & Inc Strat (PCN)-a ...... N 14.15 17.02 + 20.3 7.8 PionrMuniHiIncOppty (MIO) ........... N 19.42 18.26 – 6.0 NS Griffin Inst Access RE:I (N/A) .......... z NA NA NA NA Griffin Inst Access Cd:C (N/A) ......... z NA NA NA 6.1
PIMCOHilnco (PHK)-a ..................... N 5.72 6.19 + 8.2 9.3 PioneerMunHiIcm (MHI) ................ N 12.99 11.88 – 8.5 4.4 GS Real Est Div Inc:A (N/A) ............. z NA NA NA NA Griffin Inst Access Cd:F (N/A) .......... z NA NA NA 6.1
PIMCO IncmStrFd (PFL)-a ............... N 10.23 10.56 + 3.2 9.5 Putnam Mgd Inc (PMM) ................. N 8.17 8.04 – 1.6 4.3 GS Real Est Div Inc:C (N/A) ............. z NA NA NA NA Griffin Inst Access Cd:I (N/A) .......... z NA NA NA 6.1
PIMCO IncmStrFd II (PFN)-a ............ N 9.02 9.31 + 3.2 9.7 Putnam Muni Opp (PMO) ................ N 13.63 13.30 – 2.4 4.4 GS Real Est Div Inc:I (N/A) .............. z NA NA NA NA Griffin Inst Access Cd:L (N/A) .......... z NA NA NA 6.1
Putnam Mas Int (PIM) .................... N 3.94 3.85 – 2.4 6.6 RiverNorth Flex Muni Inc (RFM)-a .... N 22.61 21.43 – 5.2 5.4 GS Real Est Div Inc:L (N/A) .............. z NA NA NA NA Griffin Inst Access Cd:M (N/A) ........ z NA NA NA NS
Putnam Prem Inc (PPT) .................. N 4.40 4.25 – 3.4 7.3 RiverNorth Flx Mu Inc II (RFMZ)-a .... N 19.77 19.05 – 3.6 NS GS Real Est Div Inc:P (N/A) ............. z NA NA NA NS PIMCO Flexible Cr I;A-1 (N/A) .......... z 9.34 NA NA NS
Western Asset Dvsfd Inc (WDI) ....... N NA 18.89 NA NS RiverNorth Mgd Dur Mun I (RMM)-a N 19.86 19.66 – 1.0 5.4 GS Real Est Div Inc:W (N/A) ............ z NA NA NA NA PIMCO Flexible Cr I;A-2 (N/A) .......... z 9.34 NA NA 8.0
World Income Funds RiverNorth Opps Muni Inc (RMI)-a ... N 22.00 21.46 – 2.5 4.6 NexPointRlEstStrat;A (N/A) ............ z 21.08 NA NA 41.7 PIMCO Flexible Cr I;A-3 (N/A) .......... z 9.34 NA NA 7.7
Abrdn AP IncFd (FAX) ..................... N 4.20 3.82 – 9.0 8.6 Western Asset Mgd Muni (MMU) .... N NA 13.01 NA 3.8 NexPointRlEstStrat;C (N/A) ............ z 21.32 NA NA 40.6 PIMCO Flexible Cr I;A-4 (N/A) .......... z 9.34 NA NA 7.7
Aberdeen Global Income (FCO) ....... N 5.99 7.25 + 21.0 11.4 Western Asset Mun Hi Inc (MHF) .... N NA 7.73 NA 3.2 NexPointRlEstStrat;Z (N/A) ............ z 21.31 NA NA 42.1 PIMCO Flexible Cr I;Inst (N/A) ......... z 9.34 NA NA 8.5
BrndywnGLB Glb Inc Oppts (BWG) . N NA 11.69 NA 7.5 WstAstMuniPrtnrs (MNP) .............. N NA 15.04 NA 3.6 PREDEX;I (N/A) .............................. z 29.40 NA NA 22.0 WA Middle Mkt Inc (N/A) ................. z 641.29 NA NA 5.3
EtnVncStDivInc (EVG) .................... N NA 13.66 NA 8.7 Single State Muni Bond PREDEX;T (N/A) ............................. z 29.57 NA NA 21.9 Other Domestic Taxable Bond Funds
First Tr/Ab Glbl Inc (FAM) ................ N 9.36 9.42 + 0.6 9.8 PREDEX;W (N/A) ............................ z 29.57 NA NA 21.9 AFA MMC;Inst (N/A) ....................... z 9.94 NA NA NS
BlackRock CA Mun (BFZ)-a .............. N 15.60 14.08 – 9.7 3.4 Principal Dvs Sel RA A (N/A) ........... z 27.25 NA NA 10.4
MS EmMktDomDebt (EDD) ............ N 6.26 5.60 – 10.5 6.9 BR MH CA Qly Fd Inc (MUC)-a .......... N 15.50 15.02 – 3.1 4.2 AFA MMC;Inv (N/A) ........................ z 9.93 NA NA NS
Ms EmMktDebtFd (MSD) ................ N 9.60 8.93 – 7.0 4.9 Principal Dvs Sel RA Ins (N/A) ......... z 27.31 NA NA 10.6 Alternative Credit Inc:A (N/A) .......... z 11.06 NA NA 6.3
BR MH NJ Qly (MUJ)-a ..................... N 15.60 14.87 – 4.7 4.7 Principal Dvs Sel RA Y (N/A) ........... z 27.46 NA NA 10.9
Nuveen EM Dbt 2022 Tg Tr (JEMD)-a N 7.66 7.53 – 1.7 4.9 BR MH NY Qly (MHN)-a .................... N 14.74 13.91 – 5.6 4.5 Alternative Credit Inc:C (N/A) .......... z 11.18 NA NA 5.6
PIMCO Dynamic Income (PDI)-a ...... N 24.02 25.67 + 6.9 10.2 StoneCastle Financial Co (BANX) .... z NA 21.98 NA NA Alternative Credit Inc:I (N/A) ........... z 11.08 NA NA 6.6
BR MuniYld CA (MYC)-a .................. N 15.86 14.59 – 8.0 3.4 The Private Shares;A (N/A) ............. z 41.62 NA NA 22.1
PIMCO Dynamic Inc Opp (PDO)-a .... N 19.16 19.05 – 0.6 NS BR MuniYld CA Qly (MCA)-a ............. N 15.83 15.31 – 3.3 4.1 Alternative Credit Inc:L (N/A) .......... z 11.06 NA NA 6.1
PIMCO Stratg Inc (RCS)-a ................ N NA 6.65 NA 9.0 The Private Shares;I (N/A) ............... z 42.08 NA NA 22.4
BR MuniYld MI Qly (MIY)-a .............. N 15.42 14.85 – 3.7 4.3 Alternative Credit Inc:W (N/A) ......... z 11.05 NA NA 6.3
StoneHarbor EM Tot Inc (EDI) ......... N NA 7.95 NA 11.2 The Private Shares;L (N/A) .............. z 41.18 NA NA 21.8
BR MuniYld NJ (MYJ)-a ................... N 15.72 14.92 – 5.1 4.7 Thirdline Real Estate I (N/A) ............ z 10.02 NA NA NS Angel Oak Str Crdt:Inst (N/A) .......... z 22.72 NA NA 13.6
StoneHarbor Emg Mkts Inc (EDF) ... N NA 6.33 NA 12.9 BR MuniYld NY Qly (MYN)-a ............ N 14.13 13.95 – 1.3 4.3 BR Credit Strat;A (N/A) ................... z 9.87 NA NA 5.5
USQ Core Real Estate:I (N/A) ........... z 28.40 NA NA 19.6
Templeton Em Inc (TEI) .................. N 7.54 7.25 – 3.8 10.4 BR MuniYld PA Qly (MPA)-a ............. N 16.02 15.61 – 2.6 3.9 USQ Core Real Estate:IS (N/A) ........ z 28.43 NA NA 19.6 BR Credit Strat;Inst (N/A) ................ z 9.87 NA NA 6.3
Templtn Glbl Inc (GIM) ................... N 5.42 5.16 – 4.8 7.1 BlackRock NY Mun (BNY)-a ............. N 14.68 14.62 – 0.4 5.0 Versus Cap MMgr RE Inc:I (N/A) ..... z 30.41 NA NA NE BR Credit Strat;U (N/A) ................... z 9.87 NA NA NS
Virtus Gl MSec Inc (VGI) ................. N 11.46 10.96 – 4.4 9.5 BlackRock VA Mun (BHV)-a ............. N 15.29 19.61 + 28.2 2.9 Versus Capital Real Asst (N/A) ........ z 26.97 NA NA 8.8 BR Credit Strat;W (N/A) .................. z 9.87 NA NA NS
WstAstEmergDebt (EMD) ............... N NA 12.29 NA 8.4 Del CO Muni Inc (VCF) ..................... A 15.35 14.14 – 7.9 3.4 Wildermuth:A (N/A) ........................ z 13.59 NA NA 7.0 BlackRock Mlt-Sctr Oppty (N/A) ...... z 83.14 NA NA 7.6
Western Asset Gl Cr D Op (GDO) ..... N NA 16.98 NA 6.9 Del MN II (VMM) ............................. A 14.95 13.92 – 6.9 2.8 Wildermuth:C (N/A) ........................ z 12.94 NA NA 6.2 BlackRock Mlt-Sec Opp II (N/A) ...... z 86.25 NA NA 7.2
National Muni Bond Funds EVCAMuniBd (EVM) ....................... A 12.27 11.29 – 8.0 4.3 Wildermuth:I (N/A) ......................... z 13.71 NA NA 7.2 Carlyle Tact Pvt Cred:A (N/A) ........... z NA NA NA 6.6
AllBerNatlMunInc (AFB) ................. N 15.08 14.24 – 5.6 4.3 EVCAMuniIncm (CEV)-a .................. A 14.33 13.11 – 8.5 4.1 Carlyle Tact Pvt Cred:I (N/A) ............ z NA NA NA 7.1
Income & Preferred Stock Funds Carlyle Tact Pvt Cred:L (N/A) ........... z NA NA NA 6.6
BlckRk Inv Q Mun (BKN)-a ............... N 16.19 17.66 + 9.1 4.7 Eaton Vance NY Muni Bd (ENX) ....... A 13.16 11.83 – 10.1 4.0 A3 Alternative Inc (N/A) .................. z 8.06 NA NA – 12.0
BlckRk L-T Muni Adv (BTA)-a ........... N 13.19 13.34 + 1.1 4.2 InvCaValMuIncTr (VCV) ................. N 13.39 13.14 – 1.9 4.0 Carlyle Tact Pvt Cred:M (N/A) .......... z NA NA NA 6.3
Calamos L/S Eqty and DI (CPZ) ....... z 22.09 20.65 – 6.5 16.5 Carlyle Tact Pvt Cred:N (N/A) .......... z NA NA NA 7.1
BlackRock Muni 2030 Tgt (BTT)-a .... N 26.40 25.42 – 3.7 2.8 InvPAValMuIncTr (VPV) ................. N 14.09 13.19 – 6.4 4.2 Destra Multi-Altrntv (N/A) ............... z 12.20 NA NA 5.7
BlackRock Muni (BFK)-a .................. N 14.40 14.98 + 4.0 4.5 InvTrInvGrNYMu (VTN) .................. N 14.24 13.10 – 8.0 4.2 Carlyle Tact Pvt Cred:Y (N/A) ........... z NA NA NA 6.8
First Trust Alt Opps;A (N/A) ............. z NA NA NA NS CION Ares Dvsfd Crdt;A (N/A) ......... z NA NA NA 5.4
BlackRock Muni II (BLE)-a ............... N 14.73 14.84 + 0.7 4.9 NeubrgrBrmCA (NBW) ................... A 15.32 13.80 – 9.9 3.8 First Trust Alt Opps;A (N/A) ............. z NA NA NA NA
BlckRk Muni Inc Qly (BYM)-a ........... N 15.44 14.74 – 4.5 4.4 NeubrgeBrmNY (NBO) ................... A 13.97 12.51 – 10.5 3.6 CION Ares Dvsfd Crdt;C (N/A) ......... z NA NA NA 5.4
Flat Rock Opportunity (N/A) ............ z 22.57 NA NA 25.5 CION Ares Dvsfd Crdt;I (N/A) .......... z NA NA NA 5.3
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BR Muni Income (MUI)-a ................. N 15.63 14.67 – 6.1 4.2 Nuveen AZ Qual Muni Inc (NAZ)-a .... N 15.04 15.64 + 4.0 3.7 Lord Abbett Spec Sit I:A (N/A) ......... z 9.99 NA NA NS
BR MuniAssets Fd (MUA)-a ............. N 14.66 14.59 – 0.5 4.0 Nuveen CA AMT-F Qual MI (NKX)-a .. A 16.30 15.44 – 5.3 4.2 CION Ares Dvsfd Crdt;L (N/A) .......... z NA NA NA 5.3
Lord Abbett Spec Sit I:I (N/A) .......... z 9.99 NA NA NS
BR MuniHoldings Qly (MFL)-a ......... N 14.93 14.08 – 5.7 3.9 Nuveen CA Val (NCA)-a .................... N 10.63 10.00 – 5.9 3.0 Variant Altrntv Inc:Inst (N/A) ........... z 28.04 NA NA 11.6 CION Ares Dvsfd Crdt;U (N/A) ......... z NA NA NA 5.3
BR MH Qly 2 (MUE)-a ....................... N 13.94 13.24 – 5.0 4.4 NuveenCAQtyMuInc (NAC)-a ........... N 15.70 14.82 – 5.6 4.1 Variant Impact;Instl (N/A) ............... z 25.09 NA NA NS CION Ares Dvsfd Crdt:U2 (N/A) ....... z NA NA NA 5.3
BR MuniHoldngs (MHD)-a ............... N 16.90 16.02 – 5.2 4.3 Nuveen CA Sel Tx-Free (NXC)-a ........ N 15.54 16.03 + 3.2 2.9 Zell Capital (N/A) ............................. z NA NA NA NS CION Ares Dvsfd Crdt;W (N/A) ........ z NA NA NA 5.3
BR MuniVest Fd (MVF)-a .................. N 9.81 9.37 – 4.5 4.2 NuvGA Qual Muni Inc (NKG)-a .......... A 14.03 13.50 – 3.8 3.9 CNR Select Strategies (N/A) ............ z 12.28 NA NA 0.0
Convertible Sec's. Funds First Eagle Crdt Opps A (N/A) ........... z 26.25 NA NA 6.9
BR MuniVest 2 (MVT)-a ................... N 15.28 15.44 + 1.0 4.4 Nuveen MA Qual Muni Inc (NMT)-a .. N 14.93 15.38 + 3.0 3.4 Calmos Dyn Conv and Inc (CCD) ..... z 28.61 29.43 + 2.9 – 2.3
BR MuniYield Fd (MYD)-a ................ N 14.96 14.09 – 5.8 4.5 Nuveen Minn Qual Mun Inc (NMS)-a A 15.33 NA NA 4.1 First Eagle Crdt Opps I (N/A) ............ z 26.21 NA NA 7.7
BR MuniYield Qlty (MQY)-a .............. N 16.14 15.35 – 4.9 4.9 World Equity Funds FS Credit Income;A (N/A) ................ z 13.32 NA NA 5.3
Nuveen MO Qual Mun Inc (NOM)-a .. A 13.81 14.45 + 4.6 3.6 ACAP Strategic:A (N/A) ................... z 21.38 NA NA – 19.7
BR MuniYld Qlty2 (MQT)-a ............... N 14.20 13.88 – 2.3 4.4 NuvNJ Qual Muni Inc (NXJ)-a ........... A 16.21 14.61 – 9.9 4.5 FS Credit Income;I (N/A) ................. z 13.35 NA NA 5.6
BR MuniYld Qly 3 (MYI)-a ................ N 15.05 14.09 – 6.4 4.1 ACAP Strategic:W (N/A) .................. z 15.80 NA NA – 19.1 FS Credit Income;T (N/A) ................ z 13.35 NA NA 5.1
Nuveen NY AMT/Fr Qual MI (NRK)-a A 14.78 13.37 – 9.5 4.1 Aspiriant Rsk-Mgd Cap Ap (N/A) ..... z NA NA NA NS
BNY Mellon Muni Bd Infra (DMB) .... N 14.39 14.19 – 1.4 4.4 Nuveen NY Val (NNY)-a .................... N 10.10 9.58 – 5.1 2.9 FS Credit Income;U (N/A) ................ z 13.29 NA NA 4.8
CalamosGlbTotRet (CGO) ............... z 14.91 15.19 + 1.9 6.8 FS Credit Income;U-2 (N/A) ............ z 13.38 NA NA 4.8
BNY Mellon Muni Income (DMF)-a ... A 9.14 8.56 – 6.3 4.6 Nuveen NY Qual Muni Inc (NAN)-a ... N 15.27 14.11 – 7.6 4.1 CPG Cooper Square IE A (N/A) ........ z NA NA NA NA
BNY Mellon Str Muni Bond (DSM)-a . N 8.22 8.03 – 2.3 4.3 Nuveen NY Sel Tx-Free (NXN)-a ....... N 14.27 13.72 – 3.9 3.1 GL Beyond Income (N/A) ................ z 0.47 NA NA NE
CPG Cooper Square IE I (N/A) ......... z NA NA NA NA KKR CREDIT OPPTY;D (N/A) ........... z NA NA NA 7.7
BNY Mellon Strat Muni (LEO)-a ........ N 8.58 8.17 – 4.8 4.8 Nuveen OH Qual Muni Inc (NUO)-a ... N 17.20 15.61 – 9.2 3.6 Primark Priv Eq Inv:I (N/A) .............. z NA NA NA NA
Del Inv Natl Muni Income (VFL) ....... A 14.97 13.64 – 8.9 3.7 Nuveen PA Qual Muni Inc (NQP)-a .... N 15.84 14.51 – 8.4 4.5 KKR CREDIT OPPTY;I (N/A) ............ z NA NA NA 5.9
Thornburg Inc Bldr Opps (TBLD.O) . z 20.46 19.52 – 4.6 NS
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

DTF Tax-Fr Inc 2028 Term (DTF) ..... N 15.36 14.03 – 8.7 3.1 Nuveen VA Qlty Mun Inc (NPV)-a ...... N 15.10 15.49 + 2.6 3.4 KKR CREDIT OPPTY;T (N/A) ........... z NA NA NA 5.2
VirtusTotalRetFd (ZTR) ................... z 9.16 9.57 + 4.5 9.0 KKR CREDIT OPPTY;U (N/A) ........... z NA NA NA 5.2
DWS Muni Inc (KTF) ....................... N 12.47 11.56 – 7.3 4.2 PIMCO CA (PCQ)-a .......................... N 13.81 18.00 + 30.3 4.2
DWS Strat Mun (KSM) .................... N 12.59 11.79 – 6.4 4.4 12 mos Lord Abbett Cred Opps Fd (N/A) ...... z 10.57 NA NA 6.1
PIMCOCAMuniII (PCK)-a ................. N 8.92 9.24 + 3.6 4.1
EVMuniBd (EIM) ............................. A 13.75 12.99 – 5.5 4.3 Pimco CA Muni III (PZC)-a ............... N 10.03 10.60 + 5.7 4.1 Stock Market Prem Yield Lord Abbett Cred Opps Fd (N/A) ...... z 10.57 NA NA 6.8
EVMuniIncm (EVN)-a ...................... N 13.95 13.18 – 5.5 4.1 PIMCO NY (PNF)-a .......................... N 11.88 12.12 + 2.0 4.1 Fund Name (Symbol) Exch NAV Price /Disc 12/31/21 Lord Abbett Crd Op:U (N/A) ............. z 10.57 NA NA 6.1
EVNatMuniOpp (EOT) ..................... N 21.76 21.57 – 0.9 3.4 PIMCONYMuniII (PNI)-a .................. N 11.41 11.03 – 3.3 4.2 Palmer Square Opp Inc (N/A) .......... z 18.42 NA NA 4.7
FedHrmsPremMuI (FMN) ............... N 15.44 14.52 – 6.0 4.3 U.S. Mortgage Bond Funds Thrivent Church Ln&Inc:S (N/A) ..... z 10.35 NA NA 2.5
Pimco NY Muni III (PYN)-a ............... N 9.03 9.12 + 1.0 4.5
InvAdvMuIncTrII (VKI) ................... A 11.93 11.50 – 3.6 4.7 Arca US Treasury (N/A) ................... z NA NA NA 0.0 World Income Funds
Continuously Offered
Invesco MuniOp (OIA) .................... N 7.75 7.86 + 1.4 4.6 52 Week Loan Participation Funds BlueBay Destra Itl E:A (N/A) ............ z 23.06 NA NA 6.3
InvescoMuOppTr (VMO) ................ N 13.37 13.30 – 0.5 4.6 Stock Market Prem Market 1WS Credit Income;A2 (N/A) .......... z NA NA NA NS BlueBay Destra Itl E:I (N/A) .............. z 23.07 NA NA 6.5
InvescoMuTr (VKQ) ........................ N 13.39 NA NA 4.7 Fund Name (Symbol) Exch NAV Price /Disc Return 1WS Credit Income;Inst (N/A) ......... z NA NA NA 6.1 BlueBay Destra Itl E:L (N/A) ............. z 23.04 NA NA 6.1
InvescoQual Inc (IQI) ...................... N 13.47 12.77 – 5.2 4.5 AlphCntrc Prime Merid In (N/A) ....... z 9.54 NA NA 9.2 BlueBay Destra Itl E:T (N/A) ............. z 22.99 NA NA 5.8
InvTrInvGrMu (VGM) ..................... N 13.79 13.18 – 4.4 4.6 General Equity Funds Axonic Alternative Inc (N/A) ............ z NA NA NA 11.9 Oaktree Dvsfd Income;D (N/A) ........ z 9.90 NA NA NS
InvescoValMunInc (IIM) ................. N 16.37 15.56 – 4.9 4.5 Alternative Strategies:I (N/A) .......... z 6.80 NA NA 28.7 Blackstone FR EI D (N/A) ................. z 24.10 NA NA 5.3 National Muni Bond Funds
MAINSTAY:MK DEFTR MUN OP (MMD)-a N 20.66 20.80 + 0.7 4.6 AMG Pantheon:1 (N/A) ................... z NA NA NA NA Blackstone FR EI I (N/A) .................. z 24.07 NA NA 5.6 Ecofin Tax-Adv Soc Impct (N/A) ...... z 9.71 NA NA 4.1
MFS HgIncMuniTr (CXE) ................ N 5.30 4.89 – 7.7 4.7 BOW RIVER CAPTL EVGN;I (N/A) .... z NA NA NA NA Blackstone FR EI T (N/A) ................. z 24.03 NA NA 5.1 Nuveen En HY Muni Bd:A (N/A) ....... z 9.92 NA NA NS
MFS HgYldMuniTr (CMU) ............... N 4.79 4.39 – 8.4 4.5 BOW RIVER CAPTL EVGN;II (N/A) .. z NA NA NA N Blackstone FR EI T-I (N/A) ............... z 24.62 NA NA 5.1 Nuveen En HY Muni Bd:I (N/A) ........ z 9.92 NA NA NS
NeubrgrBrm (NBH) ......................... A 14.84 15.40 + 3.8 4.8 Specialized Equity Funds Blackstone FR EI U (N/A) ................. z 25.09 NA NA 5.1 PIMCO Flex Mun Inc;A-3 (N/A) ........ z 11.77 NA NA 1.6
Nuveen AMT-Fr Mu Val (NUW)-a ...... N 17.10 16.37 – 4.3 2.7 Aspiriant Rsk-Mgd RA (N/A) ........... z NA NA NA NS Bluestone Commnty Dev (N/A) ....... z 9.91 NA NA 2.5 PIMCO Flex Mun Inc:A1 (N/A) ......... z 11.77 NA NA 1.8
Nuveen AMT-Fr Qlty Mun I (NEA)-a .. A 15.57 14.66 – 5.8 4.5 Bluerock Total Inc+ RE:A (N/A) ........ z 33.88 NA NA 21.9 BNYM Alcntr Glb MS Cr Fd (N/A) ..... z 102.99 NA NA 7.6 PIMCO Flex Mun Inc;A2 (N/A) ......... z 11.77 NA NA 1.9
Nuveen AMT-Fr Mu CI (NVG)-a ........ A 17.13 16.66 – 2.7 4.5 Bluerock Total Inc+ RE:C (N/A) ........ z 31.98 NA NA 21.0 CliffwaterClFd;I (N/A) ...................... z 10.63 NA NA 7.0 PIMCO Flex Mun Inc;Inst (N/A) ....... z 11.77 NA NA 2.3

TOP SAVINGS DEPOSIT YIELDS


Money Market Account1 One-Year CDs Five-Year CDs
Telephone Min. Recent Effect. Telephone Min. Recent Effect. Telephone Min. Recent Effect.
Institution Location No. Deposit % Rate % Yield Institution Location No. Deposit % Rate % Yield Institution Location No. Deposit % Rate % Yield
Axos Bank San Diego,CA (877)541-2634 10000 0.61 (CD) 0.61 PenFed Credit Union Alexandria,VA (800)247-5626 1000 0.85 (MA) 0.85 PenFed Credit Union Alexandria,VA (800)247-5626 1000 1.29 (MA) 1.30
LendingClub Bank Boston,MA (800)242-0272 25000 0.60 (CM) 0.60 First Internet Bank Indianapolis,IN (888)873-3424 1000 0.60 (CM) 0.60 TIAA Bank Jackson,FL (888)882-3837 1000 1.04 (CD) 1.05
Ally Bank Philadelphia,PA (877)247-2559 1 0.50 (CD) 0.50 BankDirect Dallas,TX (877)839-2737 10000 0.60 (CD) 0.60 Capital One 360 Wilmingtn,DE (877)469-0232 1 1.00 (CM) 1.00
American Express Salt Lake City,UT (800)446-6307 1 0.50 (CD) 0.50 Ally Bank Philadelphia,PA (877)247-2559 1 0.55 (CD) 0.55 Travis CU Concord,CA (800)435-4040 500 1.00 (CM) 1.00
First Internet Bank Indianapolis,IN (888)873-3424 100 0.50 (CM) 0.50 Barclays Bank Wilmingtn,DE (888)710-8756 1 0.55 (CD) 0.55 Emigrant Direct New York,NY (800)836-1997 1000 1.00 (CD) 1.00
Six-Month CDs2 2½-Year CDs 90-Day Jumbo CDs
Telephone Min. Recent Effect. Telephone Min. Recent Effect. Telephone Min. Recent Effect.
Institution Location No. Deposit % Rate % Yield Institution Location No. Deposit % Rate % Yield Institution Location No. Deposit % Rate % Yield
BankDirect Dallas,TX (877)839-2737 10000 0.50 (CD) 0.50 Capital One 360 Wilmingtn,DE (877)469-0232 1 0.70 (CM) 0.70 TIAA Bank Jackson,FL (888)882-3837 1000 0.35 (CD) 0.35
PenFed Credit Union Alexandria,VA (800)247-5626 1000 0.45 (MA) 0.45 Discover Bank Greenwood,DE (800)347-7000 2500 0.70 (CD) 0.70 First Internet Bank Indianapolis,IN (888)873-3424 1000 0.25 (CM) 0.25
First Internet Bank Indianapolis,IN (888)873-3424 1000 0.45 (CM) 0.45 TIAA Bank Jackson,FL (888)882-3837 1000 0.69 (CD) 0.70 Axos Bank San Diego,CA (877)541-2634 1000 0.20 (CD) 0.20
iGobanking.com Flushing,NY (888)432-5890 1000 0.45 (CD) 0.45 Community Commerce Bk Los Angeles,CA (323)268-6100 10000 0.55 (CM) 0.55 Ohio Savings Bk - Cleveland Cleveland,OH (800)696-2222 2500 0.20 (CD) 0.20
TIAA Bank Jackson,FL (888)882-3837 1000 0.40 (CD) 0.40 ProGrowth Bank Gaylord,MN (888)922-2265 25000 0.51 (CA) 0.51 MyBankingDirect.com Westbury,NY (866)285-1856 2500 0.20 (CD) 0.20
1Including passbook, statement savings, and bank-offered liquid asset accounts.
Yields are based on the stated rate and compounding method in effect Friday and are subject Source: (c) 2021, Curinos, 30501 Agoura Road, 2nd Floor, Agoura Hills, CA 91301
2Six-month CD yields assume reinvestment of principal and interest at the same rate for an to change. Phone to verify before investing or sending money. 818-880-8877. All rights reserved. May not be reproduced or retransmitted in any form with-
additional six months. out express written consent of Curinos.
(CC) Compounded continuously; (SA) compounded semiannually; (CD) compounded daily;
Rates are the highest yields on six types of accounts offered by federally-insured banks and (CA) compounded annually; (CM) compounded monthly; (SI) simple interest; (CQ) com-
savings associations nationwide. pounded quarterly
72 BARRON’S January 17, 2022

Market Laboratory
DJ HALF-HOURLY AVERAGES THE DOW JONES AVERAGES TRADING DIARY
Market Advance/Decline Volumes
Dow Jones 30 Industrial (divisor: 0.15172752595384) Week's Daily Jan 10 11 12 13 14
Daily Jan 10 11 12 13 14 COMPONENTS Change INDUSTRIALS
37550 NY Up 387,372 688,828 487,008 362,153 438,259
3M -1.21 NY Off 607,953 156,704 346,999 471,480 438,017
Open (t) 36104.59 36073.09 36366.90 36428.53 35850.38
Open (a) 36175.21 36058.85 36336.16 36312.49 35996.43 American Express -5.98 NY Up - Composite 1,742,692 3,417,259 2,439,597 1,831,306 2,221,915
NY Off - Composite 2,715,391 659,203 1,520,647 2,342,197 2,008,047
10:00 35840.40 35819.26 36440.95 36437.22 35965.59 Amgen 8.07 NYSE Amer UP 5,491 13,616 8,891 2,012 9,178
10:30 35717.68 35886.76 36361.96 36433.32 35859.22 Apple 0.90 NYSE Amer Off 9,192 2,820 7,015 11,055 5,455
11:00 35708.05 35887.25 36310.52 36415.15 35857.51
11:30 35829.65 36032.77 36262.21 36486.23 35775.38 Boeing 10.46 36900 NASD Up 2,403,016 3,354,742 1,976,981 1,213,796 2,407,478
NASD Off 2,708,862 992,125 2,288,144 3,001,666 1,787,773
12:00 35796.86 36079.02 36291.27 36497.67 35860.47 Caterpillar 4.75 NYSE Arca UP 111,011 244,062 210,761 59,818 136,910
12:30 35775.85 36055.38 36294.42 36292.68 35807.48 Chevron 3.93 NYSE Arca Off 207,157 43,318 55,916 214,582 155,500
1:00 35804.13 36148.70 36355.31 36281.83 35679.75 % (QCHA) –.61 +1.16 –.03 –.34 –.33
1:30 35841.38 36160.56 36284.98 36360.02 35684.87 Cisco Systems 0.23
% (QACH) –.92 +2.05 +.25 –1.28 +.26
2:00 35932.60 36177.19 36227.51 36369.62 35751.20 Coca-Cola 1.06 36250 % (QCHAQ) –.87 +1.30 –.58 –1.60 –.23
2:30 35978.90 36189.64 36274.44 36309.24 35714.90 Disney -5.89 Market Advance/Decline Totals
3:00 35969.86 36225.15 36259.00 36291.04 35777.95
3:30 35925.93 36248.43 36244.13 36208.49 35835.69
Dow 1.64 Week ended last Friday compared to previous Friday
Close 36068.87 36252.02 36290.32 36113.62 35911.81 Goldman Sachs -16.57 Weekly Comp. NYSE NYSE Amer Nasdaq NYSE Arca
High (t) 36371.25 36431.00 36638.90 36719.67 36186.48 Home Depot -21.61 Total Issues 3,658 293 5,353 1,827
Low (t) 35501.17 35639.51 36022.80 35926.21 35475.53 35600 Advances 1,704 115 1,838 776
Honeywell Intl 1.90 Declines 1,847 168 3,316 984
High (a) 36175.21 36271.47 36453.49 36513.88 35996.43
Low (a) 35639.91 35769.38 36168.15 36044.22 35641.49 IBM -0.62 Unchanged 107 10 199 67
New Highs 253 13 268 154
Change –162.79 +183.15 +38.30 –176.70 –201.81 Intel 2.26 New Lows 349 45 1,145 314
Theoretical (t): High 36719.67 Low 35475.53 Johnson & Johnson -6.11
Actual (a): High 36513.88 Low 35639.91 NYSE Composite Daily Breadth
JPMorgan Chase -9.27 34950 Daily Jan 10 11 12 13 14
Dow Jones 20 Transport (divisor: 0.16343894576034) McDonald's -9.35 Issues Traded 3,529 3,494 3,499 3,502 3,473
Advances 1,218 2,461 1,711 1,585 1,348
Open (t) 16209.66 15995.33 16059.64 16042.99 15904.59 Merck 1.08 Declines 2,133 892 1,624 1,781 1,991
Open (a) 16243.53 16018.95 16016.81 15989.64 15976.06 Unchanged 178 141 164 136 134
Microsoft -3.84 New Highs 95 96 128 137 101
10:00 15916.00 15808.27 16119.59 16113.69 15926.13
Nike Cl B -8.79 34300 New Lows 205 57 64 103 199
10:30 15943.94 15876.42 16074.50 16084.22 15824.25 Blocks - primary 4,142 3,761 3,995 4,222 4,058
11:00 15911.69 15817.00 16012.75 16074.23 15761.87 Procter & Gamble -2.93 Total (000) - primary 1,006,704 852,625 850,108 840,584 892,972
11:30 15963.58 15896.39 15968.84 16136.28 15753.24 Total (000) 4,518,124 4,112,073 4,066,510 4,213,024 4,324,181
Salesforce.com 2.92
12:00 15886.21 15872.69 15997.56 16144.90 15793.59 NYSE American Composite
12:30 15875.78 15872.59 15956.63 16090.17 15777.60 Travelers Cos -3.03
Daily Jan 10 11 12 13 14
1:00 15901.08 15934.76 15982.69 16070.34 15745.57 UnitedHealth Group 10.09 33650 Issues Traded 279 283 283 283 276
1:30 15882.20 15953.79 15964.10 16077.19 15745.41 Verizon Communications -0.96 Advances 90 195 134 81 101
2:00 15927.11 15972.45 15962.05 16103.57 15791.18 Declines 175 74 131 182 162
Visa Cl A -2.29 Unchanged 14 14 18 20 13
2:30 15970.38 15979.53 16001.14 16090.40 15807.95 New Highs 4 6 9 6 4
3:00 15938.03 15975.60 15990.63 16092.00 15820.62 Walgreens Boots Alliance 0.46 New Lows 32 6 6 13 23
Blocks - primary 125 149 147 155 133
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

3:30 15938.03 16013.83 15975.97 16050.58 15860.22 Walmart 0.17 Total (000) - primary 14,922 16,639 16,533 13,514 15,107
Close 16018.58 15990.86 15971.10 16004.57 15904.96 33000 Total (000) 190,810 287,998 236,036 199,633 234,651
High (t) 16257.26 16101.95 16193.42 16239.37 16061.20
Low (t) 15758.33 15712.96 15860.20 15907.68 15649.36 Nasdaq
High (a) 16243.53 16025.65 16123.27 16167.34 15976.06
TRANSPORTATION 18500 Daily Jan 10 11 12 13 14
Low (a) 15847.91 15753.81 15920.57 15957.43 15718.36 Alaska Air Group -0.07 Issues Traded 4,990 4,911 4,917 4,918 4,857
Advances 1,597 3,204 1,968 1,443 2,090
Change –250.19 –27.72 –19.76 +33.47 –99.61 American Airlines Group -0.79 Declines 3,126 1,444 2,698 3,224 2,490
Theoretical (t): High 16257.26 Low 15649.36
18000 Unchanged 267 263 251 251 277
Avis Budget Group -1.75
Actual (a): High 16243.53 Low 15718.36 New Highs 87 45 96 113 79
CH Robinson Worldwide -0.14 New Lows 740 172 170 431 679
17500 Blocks - primary 29,179 24,657 25,596 21,403 21,856
Dow Jones 15 Utilities (divisor: 1.29685261171310) CSX -1.07 Total (000) 5,284,764 4,389,185 4,326,330 4,247,198 4,272,536
Open (t) 967.98 962.35 949.10 954.60 958.32 Delta Air -1.20
Open (a) 967.67 963.14 950.45 954.52 957.87 17000 NYSE Arca Composite
Expeditors Intl of Wash -6.42 Daily Jan 10 11 12 13 14
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

10:00 967.63 952.80 950.56 955.16 952.33


FedEx -7.77 Issues Traded 1,696 1,662 1,665 1,680 1,683
10:30 964.62 954.10 951.79 958.31 949.73 16500 Advances 393 1,465 1,150 398 704
11:00 963.23 953.12 953.59 962.43 953.09 JB Hunt Transport 1.96 Declines 1,275 179 485 1,260 956
11:30 959.57 947.57 951.89 961.01 949.63 Unchanged 28 18 30 22 23
JetBlue Airways -0.26 New Highs 37 57 93 106 46
12:00 958.57 948.26 953.85 960.80 950.16 16000 New Lows 230 59 21 41 135
12:30 960.65 949.81 955.14 960.18 949.74 Kirby Corp 3.27 Blocks - primary 1,256 1,198 1,085 1,171 1,151
1:00 960.86 950.85 955.37 960.27 948.63 Landstar System -0.15 Total (000) - primary 335,744 287,821 269,688 274,883 295,614
15500 Total (000) 1,894,297 1,653,372 1,577,662 1,601,300 1,641,588
1:30 961.03 952.80 956.01 960.89 950.01 Matson -0.74
2:00 963.04 950.91 953.93 959.89 948.10
2:30 963.40 947.14 954.90 958.96 949.77
Norfolk Southern -8.53 15000
3:00 963.20 951.13 954.82 959.34 951.75 Old Dominion Freight Line -16.48 OTHER MARKET INDEXES
3:30 960.92 952.66 954.19 958.78 951.88 Ryder System 0.91 14500 Daily 1/10 1/11 1/12 1/13 1/14
Close 962.66 952.74 955.22 958.98 953.07 Southwest Airlines 0.47 NYSE Amer Comp 3538.64 3591.54 3655.72 3637.92 3653.65
High (t) 972.38 966.29 958.08 964.79 961.93 AmMajorMkt 3172.43 3189.24 3193.77 3184.27 3172.73
Low (t) 955.62 944.11 944.27 950.66 943.21 Union Pacific -8.51 14000 BNY ADR Idx 163.17 165.87 167.88 167.46 168.80
High (a) 969.19 965.08 956.84 962.64 960.21 United Airlines -0.57 Europe 148.50 149.74 150.74 150.34 151.74
Low (a) 956.49 945.96 945.80 953.84 946.80 United Parcel Service B -11.62 Latin Am 179.18 184.78 188.73 189.36 191.20
Change –5.44 –9.92 +2.48 +3.76 –5.91 13500 Asia 212.75 218.26 222.19 221.63 222.97
Theoretical (t): High 972.38 Low 943.21 Emerg M 346.12 356.87 364.01 362.99 366.77
UTILITIES DJ US TSM Float 47455.34 47933.95 48002.87 47297.36 47316.14
Actual (a): High 969.19 Low 945.80
975 Nasdaq Cmp 14942.83 15153.45 15188.39 14806.81 14893.75
AES -0.04 100 Index 15614.43 15844.12 15905.10 15495.62 15611.59
Dow Jones 65 Composite (divisor: 0.77270358779047)
American Elec Power 0.18 Indus. 10906.28 11091.73 11139.70 10859.13 10868.70
Open (t) 12142.66 12081.70 12130.74 12148.57 12012.01 Insur. 11472.94 11540.79 11481.19 11466.28 11437.81
Open (a) 12163.16 12085.21 12117.93 12114.36 12055.05 American Water Works -9.93 Banks 5316.45 5334.87 5345.78 5366.34 5408.36
10:00 12028.08 11976.26 12160.42 12166.16 12029.13 Atmos Energy 0.76 950 Computer 11546.62 11698.93 11754.78 11413.58 11542.24
10:30 12004.84 12006.11 12137.44 12164.45 11982.34 Telecom 477.50 485.53 483.98 482.22 480.21
Consolidated Edison -2.15 NYSE Comp.-z 17119.56 17294.54 17353.76 17259.02 17219.06
11:00 11993.80 11991.99 12117.29 12165.68 11974.43
11:30 12022.51 12028.05 12095.67 12190.38 11950.68 Dominion Energy -1.04 Financial-z 10453.99 10557.09 10584.39 10565.62 10501.71
12:00 11998.03 12033.27 12110.74 12194.09 11976.81 Duke Energy -0.46 925 Health Care-z 23555.42 23694.59 23624.34 23305.19 23248.83
Energy-z 9950.93 10277.05 10371.11 10326.22 10553.59
12:30 11995.18 12031.20 12104.86 12141.23 11962.32 Edison Intl -1.25 Russell 1000 2584.38 2609.88 2615.37 2576.47 2577.52
1:00 12006.45 12064.42 12122.72 12135.06 11928.60 2000 2171.15 2194.00 2176.06 2159.44 2162.46
1:30 12010.05 12074.06 12106.04 12152.90 11931.89
Exelon -0.40 3000 2721.62 2748.59 2752.64 2712.91 2714.17
2:00 12040.83 12078.10 12090.84 12158.68 11951.39 FirstEnergy 0.16 900 Value-v 1665.23 1678.66 1680.11 1673.31 1670.46
Growth-v 2924.14 2957.95 2967.61 2893.43 2900.44
2:30 12059.68 12075.70 12109.95 12142.47 11950.62 NextEra Energy -3.21 MidCap 3214.42 3251.60 3250.39 3213.68 3201.99
3:00 12050.73 12088.54 12104.56 12139.89 11968.99
Public Service Enterprise -1.75 S&P 100 Index 2157.21 2175.44 2182.25 2146.00 2149.93
3:30 12038.28 12103.77 12097.48 12113.98 11988.94
Close 12086.30 12099.75 12107.26 12085.94 12015.33 Sempra -0.25 875 500 4670.29 4713.07 4726.35 4659.03 4662.85
Ind. 6500.61 6568.73 6589.59 6477.90 6499.01
High (t) 12212.47 12181.13 12227.53 12264.37 12117.19 Southern 0.02 MidCap 2782.19 2807.04 2798.79 2791.76 2782.64
Low (t) 11907.97 11906.21 12012.89 12014.69 11859.06 SmallCap 1379.07 1388.26 1381.88 1382.02 1388.27
Xcel Energy -0.13 Value Line(A) 9786.51 9900.83 9877.73 9828.93 9821.25
High (a) 12163.16 12109.46 12162.66 12202.34 12055.05
Low (a) 11971.54 11965.71 12068.59 12058.96 11918.61
850 Value Line(G) 661.72 669.31 667.64 664.14 663.47
Jul Aug Sep Oct Nov Dec Jan DJ US Small TSM 14800.06 14975.84 14884.31 14775.15 14766.63
Change –94.01 +13.45 +7.51 –21.32 –70.61
(A)-Arithmetic Index. (G)-Geometric Index.
Theoretical (t): High 12264.37 Low 11859.06 Note: Theoretical highs and lows are shown. (v)-Value 1000 and Growth 1000. (y)-Dec. 31,1965=50. (z)-Dec.
Actual (a): High 12202.34 Low 11918.61 31,2002=5000.
January 17, 2022 BARRON’S 73

Market Laboratory
INDEXES' P/ES & YIELDS PER SHARE VALUES OF STOCKS IN THE DOW BARRON'S 50-STOCK AVERAGE
JONES AVERAGES
DJ latest 52-week earnings and dividends adjusted by Dow Divisors at Friday's close. S&P Dec. 4-quarter's GAAP earnings as This index is a weighted average of 50 leading issues.
reported and indicated dividends based on Friday close.S&P 500 P/E ratios based on GAAP earnings as reported. For additional This is a list of the Dow Jones trailing 52-week diluted Useful in security valuation. Source: Barron's Stats
earnings series, please refer to www.spglobal.com. DJ latest available book values for FY 2020 and 2019, and S&P latest for 2020 and share earnings, dividends and book values as reported
2019. r-Revised data Jan 13 Jan 6 Jan Yr-to-Yr
by the company. Bolded numbers indicate new values. 2022 2022 2021 % Chg
Last Prev. Year Last Prev. Year
Week Week Ago Week Week Ago Sources Barron's Stats and FactSet.
S&P 500 Index 4659.03 4696.05 3809.95 22.29
DJ Ind Avg 35911.81 36231.66 30814.26 Divs Yield % 2.93 2.89 3.20 Industrial Stocks Barron's 50 Index 11879.30 12091.64 9928.00 19.65
Divs $ 27.94 27.94 27.52 Book Book
P/E Ratio 22.04 22.19 30.14 Earns Divs. Value Earns Divs. Value Projected quarterly earn 147.16 147.16 93.98 56.59
Earns Yield % 4.54 4.51 3.32 Mkt to Book 2.43 2.47 2.30
Earns $ 1629.50 1632.53 1022.46 Book Value $ 392.45 392.45 374.40 Am Exp 9.57 1.72 28.55 Johnson&John 6.69 4.19 24.04 Annualized projected earn 588.66 588.66 375.91 56.59
Amgen 9.71 7.04 16.27 JPMorgChase 15.35 3.80 81.75
Divs Yield % 1.76 1.74 1.91 S&P 500 Index 4662.85 4677.03 3768.25 Apple 5.62 0.865 3.85 McDonalds 9.70 5.25 (10.50)
Annualized projected P/E 20.18 20.54 27.1 –25.52
Divs $ 630.51 630.51 589.92 P/E Ratio 26.59 26.67 38.37 Boeing (14.76) Suspended (31.45) Merck Co 2.83 2.64 10.01 Five-year average earn 448.31 448.31 395.14 13.46
Mkt to Book 5.49 5.54 4.61 Earns Yield % 3.76 3.75 2.61 Caterpillar 8.35 4.28 28.11 Microsoft 8.94 2.30 18.88 Five-year average P/E 26.50 26.97 25.1 5.47
Book Value $ 6543.35 6543.35 6688.86 Earns $ 175.36 175.36 98.22 Chevron Corp 5.18 5.31 68.40 Nike Inc 3.82 1.13 8.09
Cisco Sys 2.69 1.48 8.95 Proc Gam 5.47 3.40 18.73 Year-end earn 544.73 544.73 314.70 73.10
DJ Trans Avg 15904.96 16268.77 12946.28 Divs Yield % 1.33 1.32 1.52
P/E Ratio 27.11 27.89 0.00 Divs $ 62.02 61.74 57.28
Coca Cola 2.04 1.68 4.49 3M Co 10.19 5.92 22.27 Year-end P/E 21.81 22.20 31.5 –30.87
Disney Walt 1.10 0.00 46.18 Salesforce.com 1.81 0.00 45.15
Earns Yield % 3.69 3.59 0.00 Mkt to Book 5.03 5.04 4.12 Dow 7.71 2.80 16.73 Travelers Cos 14.06 3.49 115.69 Year-end earns yield, % 4.59 4.51 3.2 44.63
Earns $ 586.76 583.40 (97.32) Book Value $ 927.52 927.52 914.49 Goldman Sachs 60.63 6.50 246.24 UnitedHealth Grp 16.12 5.60 69.23 Best grade bond yields, % 2.45 1.89 1.41 73.45
Divs Yield % 0.97 0.95 1.18 Home Depot 14.96 6.60 3.06 Verizon 5.33 2.535 16.39
S&P Ind Index 6499.01 6503.59 5285.86 Honeywell 7.78 3.77 25.19 Visa 5.63 1.335 14.65 Bond yields/stock ylds, % 0.53 0.42 0.45 19.86
Divs $ 154.69 154.69 153.03 P/E Ratio 31.32 31.34 43.56
Mkt to Book 5.38 5.50 3.82
IBM 5.29 6.55 23.07 Walgreens 7.42 1.89 23.84 Actual year-end divs 222.47 222.37 211.23 5.32
Earns Yield % 3.19 3.19 2.30 Intel 5.15 1.39 19.95 Wal-mart 2.86 2.20 28.69
Book Value $ 2957.33 2957.33 3389.19 Earns $ 207.49 207.49 121.36
Actual yr-end divs yld, % 1.87 1.84 2.13 –12.00
Transportation Stocks
DJ Utility Avg 953.07 968.10 861.09 Divs Yield % 1.20 1.20 1.37 Alaska Air Group 0.16 Suspended 24.05 KC Southern 1.02 2.11 44.50
P/E Ratio 31.16 31.65 23.32 Divs $ 77.99 78.04 72.42 American Airlines (5.50) Suspended (11.05) Kirby Corp (3.93) Nil 51.37
Earns Yield % 3.21 3.16 4.29 Mkt to Book 6.94 6.94 5.60 Avis Budget Grp 2.54 Nil -2.21 Landstar Sys 8.69 0.92 18.02 STOCK VOLUME
Earns $ 30.59 30.59 36.93 Book Value $ 936.72 936.72 944.26 C.H. Robinson 5.65 2.08 14.00 Matson Inc 14.19 1.06 22.25
CSX Corp 1.59 0.372 17.18 Norf Southern 11.64 4.16 58.67 Last Prev. Year YOY
Delta Air Lines 0.42 Suspended 2.40 Ryder Sys 6.72 2.26 41.98 Week Week Ago % Chg
144 FILINGS Expeditors Int'l 6.76 1.16 15.71 Southwest Air (0.05) 0.00 15.03
NYSE(a) 4,442,993 4,633,540 5,233,736 -15.11
FedEx 18.15 2.90 90.40 Un Pacific 9.34 4.29 25.26
Hunt (JB) 6.30 1.18 24.61 UPS 7.42 4.07 0.76 30 Dow Inds (b) 1,830,538 2,003,078 2,004,492 -8.68
SEC Form 144 must be filed by holders of restricted securities (also called letter stock) who intend to sell shares. Shares Indi- JetBlue Air (1.52) Nil 12.50 United Airlines (10.58) Nil 19.11 20 Dow Trans (b) 530,311 500,491 577,162 -8.12
cated: the number to be sold. Sales Date: the approximate date of the sale. (Sometimes shares aren't sold, even though their owner Utility Stocks 15 Dow Utils (b) 257,608 270,883 264,140 -2.47
has filed a Form144.) Source: Thomson Reuters AES Corp. (0.21) 0.602 3.96 Exelon 0.99 1.53 33.39
65 Dow Stks (b) 2,618,458 2,774,452 2,845,794 -7.99
Am Elec 4.79 3.00 41.38 FirstEnergy 2.03 1.56 13.32 NYSE American (a) 76,716 77,646 280,290 -72.63
Shares Sale American Water Works 4.20 2.3575 35.60 NextEra Energy 1.20 1.54 18.63 Nasdaq(d) 22,362,552 23,487,094 33,922,093 -34.08
Company Sym Indicated $ Value Date Seller Title Atmos Energy 5.16 2.555 53.95 Xcel Energy 2.92 1.82 27.12 NYSE 15 Most Active
Sonos SONO 633,789 19,060,330 1/3/22 Spence, Patrick AF Con Ed 3.36 3.09 55.11 Pub Sv Ent (1.32) 2.04 31.71 Average Price 27.93 43.11 23.52 18.75
Dominion Energy 3.17 2.52 29.44 Sempra Energy 3.64 4.40 70.11 % Tot Vol 15.90 17.60 20.40 -22.06
Sentinelone S 275,000 11,905,000 1/3/22 Weingarten, Tomer CEO Duke Energy 3.83 3.90 59.82 Southn Co. 2.97 2.62 25.45
Unity Software U 217,124 30,104,242 1/3/22 Riccitiello, John AF Edison Int'l 1.33 2.688 37.08
Stock Offerings $(z,v) 2,529,500 r5,367,600 18,716,500 -86.49
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

Sentinelone S 193,000 8,555,690 1/10/22 Warner, Nicholas AF Daily Stock Volume


UGI 178,500 8,148,525 1/4/22 Walsh, John AF
Ugi
Roblox RBLX 164,450 14,063,764 1/10/22 Guthrie, Michael CFO Coming U.S. Auctions Daily 1/10 1/11 1/12 1/13 1/14
Jamf JAMF 150,000 5,701,500 1/3/22 Hager, Dean AF Yields (%) NYSE(a) 1,006,704 852,625 850,108 840,584 892,972
Tradeweb Markets TW 137,036 13,219,863 1/4/22 Olesky, Lee AF Day When Last 30 Inds (b) 430,684.0 356,846.0 310,175.4 343,635.9 389,197
Ortho Clinical Diagnostics OCDX 130,000 2,780,700 1/3/22 Schlesinger, Michael AF Issued* Auction 20 Trans (b) 100,251.3 82,260.5 101,599.9 132,101.8 114,098
Tradeweb Markets TW 114,585 11,054,015 1/4/22 Hult, William AF 15 Utils (b) 59,754.6 50,700.2 42,416.9 47,255.4 57,481
T 65 Stks (b) 590,689.9 489,806.7 454,192.2 522,993.1 560,776
THE WEEK IN STOCKS FOR THE MAJOR INDEXES $60.0 bil 3-month 0.128 0.122 NYSE Amer(a) 14,922 16,639 16,533 13,514 15,107
Nasd(d) 5,284,764 4,389,185 4,326,330 4,247,198 4,115,075
$51.0 bil 6-month 0.290 0.279 NYSE 15 Most Active
12-Month Weekly Friday Weekly 12-Month Change From
High Low High Low Close Chg. % Chg. Chg. % Chg. 12/31 % Chg. W Avg. Price 29.53 27.54 25.66 31.89 45.62
Dow Jones Indexes % Tot Vol 15.43 14.79 14.96 18.73 18.52
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

$20.0 bil 20-year 2.010 2.000 Numbers in thousands save price and percentages. (a) Primary
36799.65 29982.62 30 Indus 36290.32 35911.81 35911.81 –319.85 –0.88 5097.55 16.54 –426.49 –1.17
17039.38 12087.99 20 Transp 16018.58 15904.96 15904.96 –363.81 –2.24 2958.68 22.85 –573.30 –3.48 * As of Friday afternoon. volume. (b) Composite volume. (d) as of 4:10 pm. (r) Revised. (v)
980.78 795.61 15 Utilities 962.66 952.74 953.07 –15.03 –1.55 91.98 10.68 –27.71 –2.83 W/E Thursday. (z) Source: Refinitiv.
12360.33 9877.01 65 Comp 12107.26 12015.33 12015.33 –164.98 –1.35 1778.76 17.38 –251.52 –2.05
Dow Jones Indexes
48918.18 39056.49 US TSM Float 48002.87 47297.36 47316.14 –212.14 –0.45 7618.72 19.19 –1318.17 –2.71 DELTA MARKET SENTIMENT INDICATOR
1188.95 939.40 US Market 1167.89 1150.22 1150.64 –4.98 –0.43 196.10 20.54 –31.67 –2.68
DISTRIBUTIONS & OFFERINGS
The Delta MSI measures the position of a representative set of stocks
1144.05 934.77 Internet 980.36 945.06 945.55 –12.81 –1.34 –18.83 –1.95 –80.93 –7.88 relative to an intermediate-term moving average crossover (MAC) Secondary Distributions of common stocks
New York Stock Exchange point. When greater than 50% of the stocks followed are above this
17353.76 14397.20 Comp-z 17353.76 17119.56 17219.06 52.78 0.31 2324.90 15.61 54.93 0.32 MAC point, the market is bullish. When the indicator is below 50%, Ares Capital 10,000,000 $21.40 $214,000,000
10670.71 8072.62 Financial-z 10584.39 10453.99 10501.71 7.95 0.08 2019.87 23.81 326.35 3.21 risk is elevated and stock exposures should be reduced. Manger uses Cerberus Sentinel 2,000,000 $5.00 $10,000,000
24422.74 19452.09 Health Care-z 23694.59 23248.83 23248.83 –84.68 –0.36 2646.49 12.85 –1096.82 –4.51 discretion on asset allocation when MSI is at 50% +/- 3%.
10553.59 6733.84 Energy-z 10553.59 9950.93 10553.59 573.64 5.75 3288.18 45.26 1407.41 15.39 Last 2 Weeks 3 Weeks NETSTREIT 10,350,000 $22.25 $230,287,500
NYSE American Stock Exchange Current Sentiment Week Ago Ago Ready Capital 7,000,000 $15.55 $108,850,000
3655.72 2373.13 NYSE Amer Comp 3655.72 3538.64 3653.65 101.08 2.85 1144.13 45.59 226.41 6.61 BULLISH 70.2% 74.2% 56.8%
3198.39 2665.12 Major Mkt 3193.77 3172.43 3172.73 -23.19 –0.73 450.46 16.55 38.79 1.24 Spirit Realty Capital 8,200,000 $47.60 $390,320,000
Current Market Exposure: 100% Equities, 0% Bonds, 0% Cash
Standard & Poor's Indexes Source: Delta Investment Management Vaxcyte 5,000,000 $20.00 $99,997,500
2219.44 1709.75 100 Index 2182.25 2146.00 2149.93 –6.83 –0.32 433.82 25.28 –44.65 –2.03 www.deltaim.com, (415) 249-6337 Source: Dealogic LLC, New York City; (212) 577-4400.
4796.56 3714.24 500 Index 4726.35 4659.03 4662.85 –14.18 –0.30 894.60 23.74 –103.33 –2.17
6735.36 5246.22 Indus 6589.59 6477.90 6499.01 –4.58 –0.07 1213.15 22.95 –142.11 –2.14
2910.70 2340.12 MidCap 2807.04 2782.19 2782.64 –10.50 –0.38 358.61 14.79 –59.36 –2.09
1466.02 1188.71 SmallCap 1388.27 1379.07 1388.27 3.83 0.28 176.36 14.55 –13.44 –0.96
Nasdaq Stock Market
U.S. DOLLAR INDEX vs EURO and YEN
16057.44 12609.16 Comp 15188.39 14806.81 14893.75 –42.15 –0.28 1895.25 14.58 –751.22 –4.80
16573.34 12299.08 100 Index 15905.10 15495.62 15611.59 19.40 0.12 2807.66 21.93 –708.49 –4.34 Tight Wads: The Fed’s tightening plans leaves other currencies with still-stimulative
12147.21 9973.94 Indus 11139.70 10859.13 10868.70 –88.87 –0.81 320.92 3.04 –444.17 –3.93
11694.54 9642.32 Insur 11540.79 11437.81 11437.81 –25.20 –0.22 1151.14 11.19 21.42 0.19 regimes. The U.S. Dollar Index gave up 0.6% for the week.
5408.36 3695.09 Banks 5408.36 5316.45 5408.36 62.48 1.17 1460.82 37.01 453.69 9.16 10
12408.55 8560.95 Computer 11754.78 11413.58 11542.24 36.84 0.32 2824.64 32.40 –613.29 –5.05 DXY (95.17)
560.68 460.24 Telecom 485.53 477.50 480.21 1.85 0.39 14.25 3.06 –16.59 –3.34 s
Russell Indexes 5
2660.78 2101.36 1000 2615.37 2576.47 2577.52 –10.21 –0.39 442.01 20.70 –68.39 –2.58
2442.74 2073.64 2000 2194.00 2159.44 2162.46 –17.35 –0.80 39.26 1.85 –82.86 –3.69
2804.93 2236.37 3000 2752.64 2712.91 2714.17 –11.43 –0.42 440.30 19.36 –73.96 –2.65
1680.11 1335.18 Value-v 1680.11 1665.23 1670.46 2.33 0.14 284.37 20.52 14.73 0.89 0
3114.73 2313.21 Growth-v 2967.61 2893.43 2900.44 –26.29 –0.90 501.45 20.90 –174.55 –5.68
3406.42 2734.63 MidCap 3251.60 3201.99 3201.99 –24.95 –0.77 373.71 13.21 –118.05 –3.56 EURO in $
s
Others
10202.83 8115.16 Value Line-a 9900.83 9786.51 9821.25 –6.09 –0.06 1468.35 17.58 –99.68 –1.00 -5
696.40 579.55 Value Line-g 669.31 661.72 663.47 –1.19 –0.18 65.24 10.91 –8.47 –1.26 s
16368.58 13780.30 DJ US Small TSM14975.84 14766.63 14766.63 –99.64 –0.67 571.39 4.03 –487.42 –3.20 YEN in $
1096.30 894.59 Barron's Future Focus 1044.93 1026.25 1026.25 –8.81 –0.85 118.35 13.04 –34.62 –3.26
1127.20 866.20 Barron's 400 1085.48 1075.25 1075.25 –5.71 –0.53 181.68 20.33 –31.02 –2.80 -10
F M A M J J A S O N D J
High/Low's are based upon the daily closing index. a-Arithmetic Index. G-Geometric Index. V-Value 1000 and Growth 1000 y-Dec.
31,1965=50 z-Dec. 31,2002=5000 Source: Tullett Prebon
74 BARRON’S January 17, 2022

Market Laboratory
DOW JONES U.S. TOTAL MARKET INDUSTRY GROUPS US TREASURY BILLS
Net Change % Change and Ranking 52 Week Wkly Ask
Coming Earnings
Top 20 Weekly Ranked IG-Sym Close Wkly YTD Week Rank Yr Ago Rank YTD Rank 3 Yr High Low Maturity Bid Asked Chg. Yld. Day Consensus Year
Oil Equipment & Svcs DJUSOI 223.81 + 16.26 41.67 +7.84 [1] +29.05 [35] +22.88 [1] –6.84 223.81 144.68 Jan 18 '22 0.03 0.02 -0.02 0.02 Estimate Ago
Exploration & Production DJUSOS 787.11 + 46.68 117.86 +6.30 [2] +66.22 [3] +17.61 [2] +6.92 787.11 417.61 Jan 20 '22 0.04 0.03 -0.02 0.03 Continued from page 13.
Oil Equip, Svcs & Distri DJUSOQ 322.94 + 16.34 43.87 +5.33 [3] +27.90 [40] +15.72 [4] –3.19 322.94 221.14 Jan 25 '22 0.04 0.03 -0.01 0.03
Nonferrous Metals DJUSNF 589.65 + 29.43 31.44 +5.25 [4] +37.79 [14] +5.63 [19] +56.27 603.96 344.99
Jan 27 '22 0.04 0.03 -0.01 0.03 W
Feb 01 '22 0.04 0.03 -0.02 0.03
Marine Transportation DJUSMT 219.70 + 10.73 24.65 +5.14 [5] +15.32 [78] +12.64 [6] –.27 229.65 157.43 Feb 03 '22 0.04 0.03 -0.01 0.03
Procter & Gamble (Q2) 1.66 1.64
Oil & Gas Producers DJUSOG 620.69 + 29.99 85.17 +5.08 [6] +51.24 [5] +15.90 [3] +3.18 620.69 363.50 Feb 08 '22 0.04 0.03 -0.02 0.03 State Street (Q4) 1.88 1.69
Transportation Svcs DJUSTS 419.13 + 18.11 2.29 +4.52 [7] +46.52 [8] +.55 [46] +28.10 460.88 259.72 Feb 10 '22 0.04 0.03 -0.01 0.03 United Airlines (Q4) -2.07 -7.00
Home Construction DJUSHB 1608.78 + 65.84 –118.11 +4.27 [8] +42.00 [11] –6.84 [115] +31.87 1,737.92 1,144.89 Feb 15 '22 0.05 0.04 .... 0.04
Integrated Oil & Gas DJUSOL 530.76 + 20.23 66.65 +3.96 [9] +39.60 [12] +14.36 [5] +.47 530.76 337.84 Feb 17 '22 0.04 0.03 -0.01 0.03 UnitedHealth (Q4) 4.31 2.52
Mortgage Finance DJUSMF 9.52 + .36 .71 +3.92 [10] +17.81 [67] +8.06 [14] +11.83 9.54 7.32 Feb 22 '22 0.04 0.03 -0.01 0.03 TH
Feb 24 '22 0.04 0.03 -0.01 0.03
Tobacco DJUSTB 764.80 + 25.60 58.13 +3.46 [11] +25.93 [47] +8.23 [13] +8.82 778.39 595.57 American Airlines (Q4) -1.70 -3.86
Mar 01 '22 0.05 0.04 -0.01 0.04
Fixed Line Telecom DJUSFC 123.75 + 3.95 11.47 +3.30 [12] –7.20 [129] +10.21 [7] –3.89 148.56 101.66 Mar 03 '22 0.05 0.04 -0.01 0.04
Pipelines DJUSPL 654.56 + 19.19 57.16 +3.02 [13] +26.63 [43] +9.57 [8] +1.89 664.25 470.41
CSX (Q4) 0.41 0.35
Mar 08 '22 0.05 0.04 -0.01 0.04
Mining DJUSMG 126.02 + 3.30 –1.94 +2.69 [14] –2.40 [124] –1.52 [60] +20.06 152.16 109.92 Mar 10 '22 0.05 0.04 -0.01 0.04 Intuitive Surgical (Q4) 1.28 1.19
Gold Mining DJUSPM 134.14 + 3.50 –2.45 +2.68 [15] –3.61 [126] –1.79 [64] +22.34 163.98 118.62 Mar 15 '22 0.05 0.04 .... 0.04 Netflix (Q4) 0.85 1.19
Aerospace DJUSAS 1611.80 + 35.11 111.98 +2.23 [16] +16.47 [70] +7.47 [16] +1.92 1,670.71 1,261.93 Mar 17 '22 0.05 0.04 .... 0.04
Travelers (Q4) 3.83 4.91
Aerospace & Defense DJUSAE 1571.73 + 32.50 87.26 +2.11 [17] +17.22 [68] +5.88 [17] +5.81 1,591.58 1,242.76 Mar 24 '22 0.07 0.06 .... 0.06
Recreational Svcs DJUSRQ 105.49 + 2.16 5.83 +2.09 [18] +13.15 [87] +5.85 [18] –7.78 119.36 82.75 Mar 31 '22 0.09 0.08 0.01 0.08 Union Pacific (Q4) 2.62 2.36
Apr 07 '22 0.10 0.09 .... 0.09
Health Care Providers DJUSHP 3099.64 + 61.84 –160.04 +2.04 [19] +20.49 [59] –4.91 [95] +17.65 3,277.88 2,436.50 F
Apr 14 '22 0.13 0.12 0.02 0.12
Life Insurance DJUSIL 1041.90 + 20.20 82.25 +1.98 [20] +35.03 [18] +8.57 [11] +13.18 1,041.90 721.19 Apr 21 '22 0.14 0.13 0.04 0.13 Ally Financial (Q4) 1.95 1.60
Net Change % Change and Ranking 52 Week Apr 28 '22 0.15 0.14 0.04 0.14 (Earnings are diluted and report dates are tentative. All fore-
Top 20 Yr Ago Ranked IG-Sym Close Wkly YTD Week Rank Yr Ago Rank YTD Rank 3 Yr High Low May 05 '22 0.16 0.15 0.03 0.15 casts and historical numbers exclude extraordinary items by
Aluminum DJUSAL 209.72 – 3.35 6.18 –1.57 [99] +144.68 [1] +3.04 [29] +31.62 213.07 61.49 May 12 '22 0.18 0.17 0.05 0.17 accounting definitions.)
Steel DJUSST 403.43 – 7.38 .45 –1.80 [102] +67.39 [2] +.11 [50] +20.86 445.96 208.43 May 19 '22 0.19 0.18 0.05 0.18 Source: FactSet
Exploration & Production DJUSOS 787.11 + 46.68 117.86 +6.30 [2] +66.22 [3] +17.61 [2] +6.92 787.11 417.61 May 26 '22 0.19 0.18 0.04 0.18
Jun 02 '22 0.22 0.21 0.06 0.21
Industrial Metals & Mining DJUSIM 431.82 + 4.76 11.04 +1.11 [34] +53.90 [4] +2.62 [32] +33.40 441.97 236.22
Jun 09 '22 0.22 0.21 0.05 0.21
Oil & Gas Producers DJUSOG 620.69 + 29.99 85.17 +5.08 [6] +51.24 [5] +15.90 [3] +3.18 620.69 363.50 Jun 16 '22 0.23 0.22 0.06 0.23
Residential REITs DJUSRN 313.05 + 1.17 –11.78 +.37 [48] +49.71 [6] –3.63 [85] +16.91 324.95 210.63 Jun 23 '22 0.24 0.23 0.05 0.24
Retail REITs DJUSRL 107.89 – 1.07 –.75 –.98 [79] +47.93 [7] –.69 [55] +1.29 110.51 72.57 Jun 30 '22 0.25 0.24 0.04 0.25 INFLATION-INDEXED TREASURY
Transportation Svcs DJUSTS 419.13 + 18.11 2.29 +4.52 [7] +46.52 [8] +.55 [46] +28.10 460.88 259.72 Jul 07 '22 0.27 0.26 0.03 0.26
Full Line Insurance DJUSIF 59.76 + .86 4.20 +1.46 [27] +45.42 [9] +7.56 [15] +14.74 59.76 37.44 Jul 14 '22 0.29 0.28 0.05 0.28 SECURITIES
Specialty Finance DJUSSP 566.72 – 15.28 –56.34 –2.63 [114] +44.12 [10] –9.04 [132] +38.39 652.34 387.43 Aug 11 '22 0.30 0.29 0.05 0.29
Accr.
Home Construction DJUSHB 1608.78 + 65.84 –118.11 +4.27 [8] +42.00 [11] –6.84 [115] +31.87 1,737.92 1,144.89 Sep 08 '22 0.33 0.32 0.06 0.33 Rate Mat. Bid/Asked Chg. *Yld Prin.
Oct 06 '22 0.37 0.36 0.06 0.36
Integrated Oil & Gas DJUSOL 530.76 + 20.23 66.65 +3.96 [9] +39.60 [12] +14.36 [5] +.47 530.76 337.84 Nov 03 '22 0.40 0.39 0.07 0.39 0.125 01/22 100-01/03 ... -8.313 1224
Industrial & Office REITs DJUSIO 148.40 – 1.18 –8.21 –.79 [78] +39.42 [13] –5.25 [98] +16.01 156.62 107.49 Dec 01 '22 0.41 0.40 0.07 0.40 0.125 04/22 101-09/11 – 5 -5.384 1139
Nonferrous Metals DJUSNF 589.65 + 29.43 31.44 +5.25 [4] +37.79 [14] +5.63 [19] +56.27 603.96 344.99 Dec 29 '22 0.48 0.47 0.07 0.48 0.125 07/22 102-12/14 – 2 -4.747 1205
Home Improvement Rtlrs DJUSHI 813.98 – 41.95 –84.11 –4.90 [135] +37.73 [15] –9.37 [134] +29.88 902.51 544.61 0.125 01/23 103-03/05 – 4 -2.987 1200
0.625 04/23 104-09/11 – 4 -2.801 1115
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Reinsurance DJUSIU 405.04 + 5.75 30.87 +1.44 [28] +36.37 [16] +8.25 [12] +17.46 405.04 286.60 0.375 07/23 104-30/32 – 1 -2.871 1191
Computer Hardware DJUSCR 8692.52 + 42.34 –206.15 +.49 [43] +35.21 [17] –2.32 [67] +61.18 9,111.11 5,911.34 0.625 01/24 105-26/28 – 4 -2.250 1188
Life Insurance DJUSIL 1041.90 + 20.20 82.25 +1.98 [20] +35.03 [18] +8.57 [11] +13.18 1,041.90 721.19 NYSE HALF-HOURLY VOLUME 0.500 04/24 105-29/31 – 4 -2.045 1099
Technology Hardware & Equip DJUSTQ 4454.09 + 48.96 –128.37 +1.11 [35] +34.34 [19] –2.80 [73] +48.17 4,677.98 3,045.19 0.125 07/24 105-27/29 – 2 -2.166 1167
Semiconductor DJUSSC 9030.02+ 173.39 –292.50 +1.96 [22] +33.67 [20] –3.14 [77] +44.50 9,604.72 6,076.52 Daily 1/10 1/11 1/12 1/13 1/14 0.125 10/24 105-27/29 – 4 -1.961 1080
0.250 01/25 106-05/07 – 1 -1.768 1170
Groups are weighted by capitalization. 52-week highs and lows are based on daily closes. Dec. 31, 1991=100. In the U.S. listings, % vol chg 2.375 01/25 112-24/26 – 4 -1.778 1470
column shows the change from previous 65-day moving average. Volume figures do not reflect extended trading hours. 9:30-10:00 138,189 110,508 117,654 107,727 118,874
0.125 04/25 105-28/30 – 2 -1.654 1073
10:00-10:30 59,271 48,088 44,030 45,156 49,205 *Yld. to maturity on accrued principal.
10:30-11:00 47,323 42,305 40,541 44,242 47,482
11:00-11:30 40,762 38,292 34,252 35,648 32,185
11:30-12:00 34,830 35,877 28,075 29,070 30,516 SELECTED INITIAL PUBLIC OFFERINGS
AMERICAN DEBT AND DEFICITS 12:00-12:30 27,983 30,062 23,390 34,106 24,473
Initial Most
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Latest Preceding Year AgoYear over Year 12:30-1:00 32,055 28,153 20,831 28,363 28,598
Report Report Report % Chg Ticker Offer IPO Recent %
1:00-1:30 28,901 25,586 22,942 27,125 27,970
Code Price Date Price Chg
Federal Budget Deficit (bil. $)-a ......................................... 920FY'22 966FY'21 1,083FY'20 …. 1:30-2:00 29,564 23,509 20,984 22,528 26,898
Budget Surplus/Deficit (bil. $)-b, December.................... –21.30 –191.34 –143.56 -85.16 2:00-2:30 31,138 26,619 25,511 24,451 28,221 Cerberus Cyber
Trade Deficit (bil. $, sa)-c, November ................................ –80.17 r-67.16 –67.31 19.11 Sentinel CISO 5.00 1/13 5.42 8.4%
Treasury Gross Public Debt. (bil. $)-d ............................... 29,782.3 29,688.7 27,270.0 9.21 2:30-3:00 30,635 26,169 24,394 33,748 28,241
Treasury Statutory Debt Limit (bil. $)-d............................. 31,381.5 31,381.5 …. …. 3:00-3:30 37,311 32,762 32,702 38,414 35,696 TPG TPG 29.50 1/13 32.79 11.2%
Consumer Installment Debt (bil. $)-e, November ........... 4,414.7 r4,374.8 4,174.5 5.75 3:30-4:00 468,742 384,695 414,802 370,007 414,613 Hillstream BioPharma HILS 4.00 1/12 2.85 -28.8%

PULSE OF THE ECONOMY


Only includes new reports. Latest Latest Preceding Year YroYr Latest Latest Preceding Year YroYr
Economic Growth and Investment Date Data Period Ago % Chg Date Data Period Ago % Chg
Durable manufacturing (NAICS) a, ................................................ Dec 102 r102.4 105.4 –3.23 Inventory–to–sales ratio (Business) .............................................. Nov 1.25 r1.24 1.35 –7.41
Capacity utilization % .................................................................... Dec 76.5 r76.6 74.9 2.14 Wholesale inventories, (mil. $) ...................................................... Nov 771,090 r760,684 665,154 15.93
Industrial output a, ........................................................................ Dec 101.9 r102.0 106.2 –4.05
Orders
Manufacturing (NAICS) a, ............................................................. Dec 100.9 101.2 104.2 –3.17
Nondurable manufacturing (NAICS) a............................................ Dec 99.7 r99.9 103 –3.20 No Activity for this Week
Production Trade
Electric power, (mil. kw hrs) (EEI) .................................................. Jan 8 82,453 72,412 78,040 5.65 No Activity for this Week
Mining (NAICS) a, ......................................................................... Dec 111.5 r109.2 116.9 –4.62
Petroleum, related capacity, % ...................................................... Jan 7 88.4 89.8 82.0 7.80 Inflation
Rotary rigs running, U.S. & Can., (Hughes) .................................... Jan 14 792 729 534 48.31 JOC–ECRI Industrial Price Index f .................................................. Jan 14 154.91 150.77 118.07 31.20
Steel, (thous. tons) ........................................................................ Jan 8 1,813 1,802 1,709 6.09 Consumer price index b (unadjusted) ............................................ Dec 278.8 277.9 260.5 7.02
Steel, rated capacity, % (AISI)........................................................ Jan 8 82.3 81.6 75.4 9.15 Producer price index (finished goods) c ......................................... Dec 232.9 r232.3 206.4 12.84
Utilities a ....................................................................................... Dec 100.0 r101.5 106.4 –6.02 Rate of inflation, % (annual, unadjusted)........................................ Dec 7.0 6.8 1.4 400.00
Consumption and Distribution Employment
Business sales, (mil. $) ................................................................. Nov 1,723.70 r1,711.25 1,465.12 17.65 Initial jobless claims (thous.) ........................................................ Jan 8 230 r207 904 –74.56
Instinet Research Redbook Avg. (monthly %) ................................ Jan 8 16.6 –4.60 –1.38 …. Continuing claims (mil.) ................................................................ Jan 1 1.559 r1.753 5.240 –70.25
Baltic Dry Index ............................................................................. Jan 13 1,764 2,296 1,754 0.57 Small Business Optimism Index .................................................... Dec 98.9 98.4 95.9 3.13
Retail store sales, (bil. $) ............................................................... Dec 626.8 r639.1 536.0 16.94
Wholesale sales, (mil. $) ............................................................... Nov 630,777 r622,400 511,753 23.26 Construction

Inventories No Activity for this Week

Business inventories, (bil. $) ......................................................... Nov 2,158.16 r2,130.35 1,984.86 8.73 Other Indicators
Domestic crude oil, (thous. bbls) Comm. (Excl. Lease Stck) ........... Jan 7 413,298 417,851 482,211 –14.29 Citi Research Panic–Euphoria Reading .......................................... Jan 14 0.58 r0.49 1.41 –58.87
Gasoline, (thous. bbls) .................................................................. Jan 7 240,748 232,787 245,476 –1.93 a-1997 equals 100. b-1982-84 equals 100. c-1982 equals 100. f-1996 equals 100. h-benchmark revision, 2016 equals 100. r-Revised.
January 17, 2022 BARRON’S 75

Market Laboratory
WEEK’S NEW HIGHS AND LOWS WEEK’S NEW HIGHS AND LOWS WEEK’S NEW HIGHS AND LOWS WEEK’S NEW HIGHS AND LOWS
Weekly Comp. NYSE NYSE MKT Nasdaq AdventTech DermataTherap JaguarHealth Rover BiosigTech GlbXAgTech NexGelWt TritiumDCFC AssociatedBanc EnovaIntl Loews ShoulderUpTechWt
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For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

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76 BARRON’S January 17, 2022

Market Laboratory
MONEY RATES CBOE PUT/CALL RATIO vs S&P 100 FOREIGN EXCHANGE
Latest Prev. Yr Ago Readings in the CBOE equity put-call ratio of 60:100 Friday, January 14, 2022 Foreign Foreign U.S. $ in U.S. $ in
Week Week and in the S&P 100 of 125:100 are considered bullish, The New York foreign exchange mid-range rates are quoted at 5 Currency Currency Foreign Foreign
p.m. Eastern time by Tullett Prebon. Retail transactions pro- in U.S.$ in U.S.$ Currency Currency
Discount Rate (NY) 0.25 0.25 0.25 for instance. Bearish signals flash when the equity Country Fri. Last Fri. Fri. Last Fri.
put-call level reaches the vicinity of 30:100 and the vide fewer units of foreign currency per dollar.
Prime Rate (base) 3.25 3.25 3.25 index ratio hits 75:100. Foreign Foreign U.S. $ in U.S. $ in South Korea (Won) .0008402 .0008350 1190.17 1197.66
Currency Currency Foreign Foreign
Fed Funds Rate in U.S.$ in U.S.$ Currency Currency Sri Lanka (Rupee) .0049 .0049 202.8200 202.8900
Avg effective offer 0.08 0.08 0.09 S&P 100 CBOE Country Fri. Last Fri. Fri. Last Fri. Sweden (Krona) .1108 .1105 9.0280 9.0517
Avg weekly auction-c 0.08 0.08 0.09 Switzerland (Franc) 1.0940 1.0887 .9141 .9185
8.00 0.70 Argentina (Peso)-y .0096 .0097 103.8501 103.2682 Taiwan (Dollar) .03630 .03621 27.545 27.620
T-Bills Rate Australia (Dollar) .7208 .7179 1.3873 1.3930 Thailand (Baht) .03013 .02974 33.190 33.630
S&P 100

s
13 weeks, Coupon Yield 0.122 0.091 0.091 Bahrain (Dinar) 2.6529 2.6522 .3769 .3771 Turkey (New Lira)-d .0739 .0721 13.5264 13.8745
13 weeks, Auction Rate 0.120 0.090 0.090 6.50 0.63 Brazil (Real) .1807 .1774 5.5349 5.6363 .0357 .0363 28.0500 27.5500
Ukraine (Hryvnia)
26 weeks, Coupon Yield 0.279 0.223 0.091 CBOE Bulgaria (Lev) .5838 .5799 1.7129 1.7245 U.K. (Pound) 1.3677 1.3593 .7312 .7357
26 weeks, Auction Rate 0.275 0.220 0.090 s
Canada (Dollar) .7967 .7909 1.2552 1.2644 Uruguay (Peso) …… .. …… .. …… .. …… ..
Avg weekly auction-c 0.09 0.06 0.09 Chile (Peso) .001220 .001207 819.71 828.31 Financial .02243 .02235 44.575 44.745
5.00 0.56 .1574 .1568 6.3528 6.3778 ----
Broker Call Rate China (Renminbi)
2.00 2.00 2.00 Euro 1.1415 1.1364 .8760 .8800
Colombia (Peso) .0002496 .0002469 4007.00 4050.54
Bankers Acceptances Croatia (Kuna) .1518211 .1510528 6.59 6.62 Special Drawing Rights (SDR) are based on exchange rates for the U.S.,
1 month 0.12 0.12 0.12 3.50 0.49 Czech. Rep. (Koruna) …… .. …… .. …… .. …… .. British, and Japanese currencies. Source: International Monetary Fund.
a-Russian Central Bank rate. b-government rate. d-rebased as of Jan. 1,
2 months 0.14 0.14 0.15 Commercial rate .04657 .04651 21.474 21.502 2005. y-floating rate.
3 months 0.16 0.16 0.18 Denmark (Krone) .1534 .1527 6.5191 6.5475
6 months 0.20 0.20 0.20 2.00 0.42 EcuadorUS Dollar 1.0000 1.0000 1.0000 1.0000
Egypt (Pound)-y .0637 .0636 15.6906 15.7124
Euro Libor Rate Hong Kong (Dollar) .1285 .1282 7.7849 7.7979
1 month DiscontinuedDiscontinued -0.588 Hungary (Forint) .003200 .003176 312.50 314.84
3 months at at -0.556
0.50 0.35
J F M A M J J A S O N D J Iceland (Krona) .007777 .007772 128.59 128.67 ARMS INDEX
6 months year year -0.537 India (Rupee) .01347 .01343 74.233 74.468
12 months end end -0.498 Source: CBOE
Indonesia (Rupiah) .0000699 .0000696 14297 14358
The Arms index, also known as the short term trading index, is a number
Israel (Shekel) .3216 .3216 3.1097 3.1093
Libor Interbank Rate derived by dividing one quotient into another quotient. The numerator in
Japan (Yen) .008757 .008656 114.19 115.53
1 month 0.10 0.10 0.13 the index is the number of advancing stocks divided by the number of
3 months 0.24 0.23 0.22 INVESTOR SENTIMENT READINGS Kazakhstan (Tenge) .002297 .002296 435.28 435.48
declining stocks. As of 3/14/11, the denominator in the index is now the
Kuwait (Dinar) 3.3117 3.3053 .3020 .3025
6 months 0.40 0.37 0.25 High bullish readings in the Consensus stock index or in the .1247 .1244 8.0220 8.0360 compositevolumeofadvancingstocksdividedbythecompositevolumeof
Macau (Pataca)
12 months 0.73 0.65 0.32 Market Vane stock index usually are signs of Market tops; low Malaysia (Ringgit)-b .2393 .2376 4.1785 4.2090 declining stocks.
Foreign Prime Rates ones, market bottoms. Mexico (Peso) …… .. …… .. …… .. …… .. Daily 1/10 1/11 1/12 1/13 1/14
Last 2 Weeks 3 Weeks
Canada 2.45 2.45 2.45 Floating rate .0492 .0491 20.3052 20.3718
Week Ago Ago
Germany 0.00 0.00 0.00 New Zealand (Dollar) .6807 .6780 1.4691 1.4749 NYSE .89 .53 .66 1.14 .61
Japan 1.475 1.475 1.475 Consensus Index Norway (Krone) .1141 .1133 8.7639 8.8240 NYSE American 1.23 .55 .44 1.71 .35
Switzerland 0.00 0.00 0.00 Consensus Bullish Sentiment 66% 69% 67% Oman (Rial) 2.5974 2.5974 .3850 .3850 Nasdaq .58 .66 .84 1.11 .62
Britain 0.25 0.25 0.10 Pakistan (Rupee) .00568 .00565 176.150 177.025
Source: Consensus Inc., P.O. Box 520526,Independence, Mo.
Historical data available at (816) 373-3700. editor@consensus-inc.com Philippines (Peso) .01948 .01948 51.322 51.342
Other Money Rates Poland (Zloty) .2516 .2500 3.9739 4.0005
Fannie Mae Home Loan: AAII Index Qatar (Rial) .2746 .2747 3.6413 3.6403 BARRON'S GOLD MINING INDEX
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

30-Year Fixed Conv 2.97 2.94 2.03 Bullish 24.9% 32.8% 37.7% Russia (Ruble)-a .01312 .01321 76.235 75.724
Bearish 38.3 33.3 30.5 12-Month Year Week %
Bank money market-z 0.07 0.07 0.09 Saudi Arabia (Riyal) .2664 .2664 3.7531 3.7536
Interest Checking-z 0.03 0.03 0.04 Neutral 36.8 33.9 31.8 High Low 1/13 1/6 Ago Chg.
Singapore (Dollar) .7419 .7377 1.3479 1.3555
6-Month Certif-z 0.09 0.09 0.15 Source: American Association of Individual Investors, South Africa (Rand) .0650 .0641 15.3792 15.5925 1147.72 883.49 Gold mining 1074.87 999.50 977.93 +7.54
12-Month Certif-z 0.14 0.14 0.21 625 N. Michigan Ave., Chicago, Ill. 60611 (312) 280-0170.
30 Month Accounts-z 0.18 0.18 0.22 Market Vane
5-Year Certificates-z 0.26 0.26 0.36 Bullish Consensus 65% 67% 63%
U.S. Savings EE Bonds: FEDERAL RESERVE DATA BANK GOLD & SILVER PRICES
Source: Market Vane, P.O. Box 90490,
Long-Term (5yrs+) 0.10 0.10 0.10 Pasadena, CA 91109 (626) 395-7436. Year
Prev. Year
c-Annualized yields, adjusted for constant maturity, reported by TIM Group Market Sentiment Handy & Harman 1/14 1/7 Ago
Member Bank Latest Week Ago
the Federal Reserve on a weekly average basis. Indicator 45.1% 41.6% 45.3% Gold, troy ounce 1822.95 1792.60 1839.00
Reserve Chgs. (Mil. $) Week Change Change
Sources: Tullett Prebon information, Ltd. Source: TIM Group, 3 Columbus Circle, Suite 1592 Silver, troy ounce 23.19 22.18 25.60
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Factset. z-Bankrate.com. One week ended Jan 12:


New York, NY 10019 (844) 207-1445. timsupport@timgroup.com Base for pricing gold and silver contents of shipments and for
making refining settlement.
U.S. Gov't securities: Price Premium Premium
Bought outright 8,290,063 + 17,427 +1,538,997 Coins $ %
WEEKLY BOND STATISTICS
Federal agency secur: Krugerrand 1889.16 72.66 4.00
Last Prev. Yr Ago Last Prev. Yr Ago Bought outright 2,347 .... .... Maple Leaf 1907.33 90.83 5.00
Week Week Week Week Week Week Mexican Peso 2198.15 8.00 0.37
Reserve bank credit: Austria Crown 1783.53 3.00 0.17
New Offerings, (mil $) (v) Bond Buyer 20 Bond Index (Index of yields of 20 Primary Credit 393 -101 -1,068 Austria Phil 1907.33 90.83 5.00
Corporate (z) 35,720 r54,813 42,322 general obligation municipal bonds.) U.S. Eagles 1907.33 90.83 5.00
Secondary Credit .... .... ....
Municipal (z) 0 0 6,846 2.19 2.12 2.21 Premium is the amount over the value of the gold content in the
Seasonal Credit .... .... ....
Best Grade Bonds-y (Barron's index of 10 high-grade Bond Buyer Municipal Bond Index (Index of 40 coin. Source Manfra, Tordella & Brookes, Inc.
Float -129 + 295 -40 Bullion spot gold price 1816.50
corporate bonds.) actively-traded tax-exempt bonds; component issues are
Other F.R. Assets 39,040 + 3,300 + 717
2.45 1.89 1.42 changed regularly to keep the index a current picture of the
market. Source: The Bond Buyer Total Fed Credit # 8,737,058 + 16,885 +1,455,651
Interm-Grade Bonds-y (Barron's index of 10 GOLD PERFORMANCE
medium-grade corporate bonds.) 3.50 3.47 3.47 Gold stock 11,041 .... ....

2.90 2.46 2.70 Stock/Bond Yield Gap-s (Difference between yield on SDR Certif. Accounts 5,200 .... .... No Sale: Weak dollars and retail sales
highest-grade corporate bonds and yield on stocks on the DJIA.) Treas. Curr. Outst. 50,956 + 14 + 496 made traders buy safety. Gold rose 1.7%
Confidence Index (High-grade index divided by inter-
mediate-grade index; decline in latter vs. former generally -0.69 -0.15 +.49 Total 8,824,590 + 16,865 +1,454,282
for the week, to $1,823 an ounce.
indicates rising confidence, pointing to higher stocks.) Yield on DJ Equal Weight US Corp Bond Idx: Currency in circ 2,234,615 -2,345 + 142,941
30
84.6 76.8 52.7 Treas. Cash Hldgs 65 .... + 33
Corp Bonds, (y) 2.64 2.63 2.03
Other Confidence Indicators: Treas. Fed Deposits 456,401 + 66,650 -1,133,020 Barron's Gold Mining Index (1074.87)
v-Week ended Thursday. y-Yield to maturity, week ended Thursday.
z-Source: Refinitiv.*Barclays T-Bond Index discontinued by firm. Foreign Fed Deposits 6,178 -1,501 -15,670 20
Bloomberg Barclays US Long Treasury*(This
s
Other Fed Deposits 241,952 -9,170 + 67,311
index measures the performance of fixed-rate, nominal US
Treasuries with at least 10 years to maturity. Jan. 1, 1973=100.) Other FR liab/cap 48,487 -130 -2,653
10
4301.16 4308.38 4544.28 ADJUSTABLE MORTGAGE BASE RATES Total factors 4,851,036 -96,958 + 664,645
Reserves F.R. banks 3,973,554 + 113,823 + 789,637
Bloomberg Barclays US Credit (This index YOY
includes all publicly issued, fixed-rate, non-convertible, invest- Jan 14 Jan 7 Yr. Ago % Chg 3,433,580 + 18,523 -83,311 0
Fgn hold U.S. debt
ment-grade, dollar-denominated, SEC-registered corporate 1 Year Treas Bills 0.41 0.37 0.10 310.00
debt. All issues have at least one year to maturity and outstand- Reserve Aggr (Mil. $) Latest Prev. Month % Year s
2 Year Treas Notes 0.83 0.74 0.13 538.46 -10
ing par value of at least $250 million. Jan. 1, 1973=0.) (v) 3 Year Treas Notes 1.10 0.98 0.20 450.00 Month Ended October: Month Month Chg. Ago
3292.64 3295.02 3343.25 5 Year Treas Notes 1.43 1.27 0.42 240.48 Total Reserves: 4,128,100 4,193,200 -1.55 2,876,600 Handy & Harman Gold Price

Ryan Labs Treasury Index (Index of total return from 10 Year Treas Notes 1.70 1.51 1.03 65.05 Nonborrowed Res 4,073,500 4,124,600 -1.24 2,802,600 -20
active Treasury notes and bonds. Dec. 31, 1996=100.) 20 Year Treas Bds 2.11 1.95 1.57 34.39 Borrowed Reserves 54,559 68,568 -20.43 74,059 F M A M J J A S O N D J
11th District % November 0.225 0.225 0.503 -55.27
309.84 308.86 323.15 Monetary Base 6,331,000 6,388,900 -0.91 4,917,100
FHFA PMMS+ 2.87 2.87 2.85 0.70
January 17, 2022 BARRON’S 77

Market Laboratory
Top 5 Insider Purchases by Company in 2022 WEEK'S DIVIDEND PAYMENT WEEK'S EX-DIVIDEND DATES
Number of Number of Avg.
Company Symbol Insiders Shares $ Value Price This list includes payouts on common stocks. This list includes payouts on common stocks.
Bridgebio Pharma........................................... BBIO 7 158,311 2,274,550 $ 14.37 NYSE NYSE
Newtek Business Services ............................ NEWT 7 5,880 161,640 $ 27.49
Monday Stantec .131 New York Times .07 Tuesday Friday
Simon Property .............................................. SPG 7 1,467 235,123 $ 160.28 (January 17)
US Bancorp .46 Trinseo .32
(January 18)
Zoetis .325
(January 21)
Compass Diversified ..................................... CODI 6 19,987 618,445 $ 30.94 TFI International .27 Wednesday Friday Kenon Holdings 3.50 Thursday NONE
BBBY 4 33,000 457,210 $ 13.85 (January 19) (January 21) Lowe's Cos .80 (January 20) Saturday
Bed Bath & Beyond ........................................ Tuesday Culp .115 AECOM .15 Quest Diagnostics .62 Argan .25
(January 18) (January 22)
ESCO Technologies .08 Owens Corning .35 West Pharmaceutical .18 Cooper Cos .03
Top 5 Insider Sales by Company in 2022 AXIS Capital Holdings .43
National Grid ADR 1.157 Toll Brothers .17 Wednesday CVS Health .55 NONE
Choice Hotels Intl .237
Oracle .32 Saturday nVent Electric .175 Sunday
Number of Number of Avg. Dollar General .42 (January 19) Pentair PLC .21
Company Symbol Insiders Shares $ Value Price Ecolab .51 Thursday (January 22) Acuity Brands .13 PerkinElmer .07
(January 23)
NONE
Encompass Health .28 (January 20) NONE Atlas .125 Procter & Gamble .87
Tradeweb Markets .......................................... TW 10 387,258 36,257,946 $ 93.63 GreenTree Hospitality .53 Compass Diversified .25 Sunday Caterpillar 1.11 TD SYNNEX .30 Monday
Monolithic Power Systems ............................ MPWR 5 24,780 12,163,759 $ 490.87 Ladder Capital Cl A .20 FMC .53
(January 23)
Commercial Metals .14 Williams-Sonoma .71 (January 24)
loanDepot .08 Glacier Bancorp .10 Costamare .115 Pembina Pipeline .165
Unity Software ................................................ U 5 275,083 37,560,445 $ 136.54 OFG Bancorp .12 Heico Cl A .09
NONE
Suzano ADR .131
Amc Entertainment ........................................ AMC 4 460,184 10,514,806 $ 22.85 Portland General Electric .43 Heico Corp .09
Coca-Cola ....................................................... KO 4 177,300 10,641,497 $ 60.02 Raymond James .34 Helios Technologies .09 NASDAQ
NASDAQ Tuesday Thursday Sat. & Sun.
(January 18) (January 20) (January 22 & 23)
STOCK SPLITS/DIVIDENDS Monday Werner Enterprises .12 Encore Wire .02 Comtech TeleComm .10 APA .125 NONE
Willis Towers Watson .80 First Bancorp .32
Record Ex-Dividend Payment (January 17)
Wednesday Guaranty Federal Bancsh .15
Phillips Edison .09 First Busey .23 Monday
Company Name-Ticker Symbol (Exchange) Amount Date Date Date BancFirst .36
Horizon Bancorp .15 Wednesday Patterson Cos .26
(January 24)
Berry (bry) .06 (January 19)
Landstar System 2.00 (January 19) Friday Codorus Valley Bancorp .15
NONE ..................................................................................................... Hurco Cos .14 Gentex .12
Preferred Bank LA .43 NONE (January 21) Lakeland Financial .40
Pegasystems .03 Thursday Republic Bancorp KY .308 Getnet Adquirenci ADR .085
SPECIAL DIVIDENDS Riverview Bancorp .055
(January 20) Royal Gold .35
Tuesday Erie Indemnity Cl A 1.11 Zynex .10 NYSE American
Record Ex-Dividend Payment
Company Name-Ticker Symbol (Exchange) Amount Date Date Date (January 18) Keurig Dr Pepper .188 Saturday Tuesday Thursday Sat. & Sun.
360 DigiTech ADR .27 Preformed Line Products.20 (January 18) (January 20) (January 22 & 23)
(January 22)
Shaw Communications B-SJR (NYSE).............................................. 0.08 1-14 1-13 1-28 Fifth Third Bancorp .30 Xcel Energy .458
NONE Blue Ridge Bankshares .12 NONE NONE
First Internet Bancorp .06
HarborOne Bancorp .05
Friday Sunday Wednesday Friday Monday
DIVIDEND PAYMENT REDUCTIONS Intuit .68
(January 21)
(January 23) (January 19) (January 21) (January 24)
Andersons .18 NONE NONE NONE
Adjusted % Record Ex-Div Payment Micron Technology .10 NONE
Balchem .64
Company Name-Ticker Symbol (Exchange) Yield Period To From Decrease Date Date Date Utd Security Bancshares .11
Bank OZK .30
Clough Glbl Eqty Fd-GLQ (NYSE AMER ).............. 10.3 M .1162 .1341 -13.3 % 1-21 1-20 1-31
TRADING SUSPENDED
Clough Global Dividend-GLV (NYSE AMER ) ....... 10.0 M .0906 .0967 -6.3 % 1-21 1-20 1-31
NYSE American
NYSE
Clough Global Opp Fd-GLO (NYSE AMER ) .......... 10.3 M .0943 .1087 -13.2 % 1-21 1-20 1-31 Monday Thursday Saturday
DE Enhncd Glbl Div Inco-DEX (NYSE)................. 7.1 M .0644 .0648 -0.6 % 1-21 1-20 1-28 (January 17) (January 22) Teekay LNG Partners (TGP)
(January 20)
NONE NONE
Delaware Grp Div & Income-DDF (NYSE)............ 6.8 M .0684 .3659 -81.3 % 1-21 1-20 1-28 NONE NYSE American
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

Liberty All-Star Equity-USA (NYSE).................... 9.8 Q .20 .21 -4.8 % 1-21 1-20 3-07 Tues. & Wed. Friday Sunday
(January 18 & 19) (January 23) NONE
Liberty All-Star Growth-ASG (NYSE) .................. 8.2 Q .15 .17 -11.8 % 1-21 1-20 3-07 NONE
(January 21)
NONE
NONE Nasdaq
Templeton Emerging-TEI (NYSE) ....................... 10.4 M .0648 .0663 -2.3 % 1-18 1-14 1-31
Templeton Global-GIM (NYSE) ........................... 7.5 M .0345 .0349 -1.1 % 1-18 1-14 1-31 1st Constitution Bancorp (FCCY)

DIVIDEND PAYMENT BOOSTS NAME CHANGES NEW LISTINGS


Adjusted % Record Ex-Div Payment
Company Name-Ticker Symbol (Exchange) Yield Period To From Increase Date Date Date NYSE NYSE
4.65% Fltg. Rate STRATS-GJO (NYSE) ................. 0.7 M .014641 .013667 7.1 % 1-14 1-13 1-18 Gelesis (GLS), formerly Capstar Special Purpose NONE
Ally Financial-ALLY (NYSE) .................................... 2.3 Q .30 .25 20.0 2-01 1-31 2-15 Acquisition (CPSR)
NYSE American
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Apogee Enterprises-APOG (Nasdaq)..................... 1.8 Q .22 .20 10.0 1-31 1-28 2-15 NYSE American
NONE
BP Prudhoe Bay Royalty Tr-BPT (NYSE).............. 11.1 Q .581173 .069431 737.1 1-18 1-14 1-19 NONE
FR STRATSs 2006-2 GS Grp-GJS (NYSE)............ 1.1 M .019917 .019708 1.1 1-14 1-13 1-18 Nasdaq
Gladstone Commercial-GOOD (Nasdaq) .............. 6.0 M .1254 .125275 0.1 1-21 1-20 1-31 Nasdaq bleuacacia (BLEU)
Gladstone Land-LAND (Nasdaq) ............................ 1.6 M .0453 .0452 0.2 1-21 1-20 1-31 Revelation Biosciences (REVB), formerly Petra Acquisition Cerberus Cyber Sentinel (CISO)
Jefferies Financial Group-JEF (NYSE) ................. 3.2 Q .30 .25 20.0 2-14 2-11 2-25 (PAIC)
CFSB Bancorp (CFSB)
Lakeland Financial-LKFN (Nasdaq) ....................... 1.9 Q .40 .34 17.6 1-25 1-24 2-07 Energem (ENCP)
Mesabi Trust-MSB (NYSE) ...................................... 12.8 Q 1.75 1.42 23.2 1-30 1-27 2-20 Tritium DCFC (DCFC), formerly Decarbonization Plus Hillstream BioPharma (HILS)
Pembina Pipeline-PBA (NYSE)............................... 5.9 M .1647 .164043 0.4 1-25 1-24 2-15 Acquisition Corp. II (DCRN)
Royalty Pharma-RPRX (Nasdaq) ............................ 1.9 Q .19 .17 11.8 2-18 2-17 3-15 TPG (TPG)
Sabine Royalty Tr UBI-SBR (NYSE)....................... 6.0 M .87681 .31265 180.4 1-18 1-14 1-31
STAG Industrial-STAG (NYSE) ............................... 3.3 M .121667 .120833 0.7 1-31 1-28 2-15 CORPORATE BONDS
STRATS Sers 2006-1 P&G-GJR (NYSE)................ 0.8 M .016392 .01538 6.6 1-14 1-13 1-18 For the week ending Friday, January 14, 2022
TD SYNNEX-SNX (NYSE)......................................... 1.1 Q .30 .20 50.0 1-21 1-20 1-28 Forty most active fixed-coupon corporate bonds
Vertical Cap Incm Fd-VCIF (NYSE)......................... 9.2 M .0765 .015158 404.7 1-19 1-18 1-31 LAST LAST **EST EST $ VOL
COMPANY (TICKER) COUPON MATURITY PRICE YIELD SPREAD UST† (000's)
Bp Capital Markets America (BPLN) 2.721 Jan 12, 2032 100.180 2.700 95 10 647,329
HIGH-YIELD BONDS Dick'S Sporting Goods (DKS) 4.100 Jan 15, 2052 98.808 4.170 205 30 542,412
Dick'S Sporting Goods (DKS) 3.150 Jan 15, 2032 99.321 3.230 145 10 516,328
Friday, January 14, 2022 Range Resource (RRC) 4.750 Feb 15, 2030 100.625 4.609 283 10 452,803
Ten most active fixed-coupon high-yield, or "junk", corporate bonds Cco Holdings Llc/Cco Holdings Capital (CHTR) 4.750 Feb 01, 2032 100.222 4.716 293 10 426,965
LAST LAST **EST EST VOL Cvs Health (CVS) 5.050 Mar 25, 2048 125.918 3.510 139 30 385,152
COMPANY (TICKER) COUPON MATURITY PRICE YIELD SPREAD UST (000's) Miwd Holdco Ii Llc / Miwd Finance (MIWIDO) 5.500 Feb 01, 2030 101.000 0.000 n.a. 10 311,579
Verizon Communications (VZ) 3.550 Mar 22, 2051 102.508 3.412 129 30 252,097
Fertitta Entertainment LLC (FRTITA) 6.750 Jan 15, 2030 100.000 6.751 497 10 536,564 Merck Inc (MRK) 2.750 Dec 10, 2051 94.798 3.015 93 30 228,862
Florida Power & Light Co (NEE) 2.450 Feb 03, 2032 99.825 2.470 69 10 444,815 Oracle (ORCL) 3.950 Mar 25, 2051 97.823 4.078 195 30 215,482
Fertitta Entertainment LLC (FRTITA) 4.625 Jan 15, 2029 99.750 4.668 294 10 407,061 Biogen (BIIB) 3.150 May 01, 2050 91.239 3.649 153 30 202,516
Ciena (CIEN) 4.000 Jan 31, 2030 100.750 3.834 206 10 278,659 AT&T (T) 3.500 Sep 15, 2053 96.177 3.706 158 30 201,009
Boeing Co (BA) 5.805 May 01, 2050 131.155 3.948 184 30 193,807
Mozart Debt Merger Sub (MEDIND) 3.875 Apr 01, 2029 98.000 4.199 241 10 249,758 Southern California Edison Co* (EIX) 3.450 Feb 01, 2052 100.816 3.406 136 30 191,785
Enstar Finance LLC (ESGR) 5.500 Jan 15, 2042 99.979 5.505 333 30 229,055 Verizon Communications (VZ) 2.100 Mar 22, 2028 98.445 2.372 82 5 175,401
Dish Dbs (DISH) 5.125 Jun 01, 2029 91.425 6.613 484 10 223,574 Verizon Communications (VZ) 2.355 Mar 15, 2032 95.972 2.814 103 10 174,523
Starwood Property Trust (STWD) 4.375 Jan 15, 2027 100.573 4.233 269 5 220,375 Amgen (AMGN) 3.000 Jan 15, 2052 93.086 3.368 128 30 174,346
Commercial Metal (CMC) 4.375 Mar 15, 2032 100.125 4.355 257 10 170,816
Royal Caribbean Cruises Ltd (RCL) 5.375 Jul 15, 2027 100.375 5.285 374 5 212,918 Comcast (CMCSA) 2.887 Nov 01, 2051 92.490 3.284 117 30 169,792
Ziprecruiter (ZIP) 5.000 Jan 15, 2030 101.000 4.772 300 10 209,618 Shell International Finance (RDSALN) 3.000 Nov 26, 2051 97.767 3.115 104 30 166,459
Volume represents total volume for the market; price/yield data are for trades of $100,000 and greater.* Denotes a security whose last round Volume represents total volume for each issue; price/yield data are for trades of $1 million and greater.* Denotes a security whose last round
lot trade did not take place on the last business day prior to publication. ** Estimated spreads, in basis points (100 basis points is one percent- lot trade did not take place on the last business day prior to publication. ** Estimated spreads, in basis points (100 basis points is one
age point), over the 2, 5, 10 or 30-year hot run Treasury note/bond. 2-year: 0.750 12/23; 5-year: 1.250 12/26; 10-year: 1.375 11/31; percentage point), over the 2, 5, 10 or 30-year hot run Treasury note/bond. 2-year: 0.750 12/23; 5-year: 1.250 12/26; 10-year: 1.375
30-year: 2.000 08/51.†Comparable U.S. Treasury issue. 11/31; 30-year: 2.000 08/51.†Comparable U.S. Treasury issue.
Source: MarketAxess Corporate BondTicker - www.bondticker.com Source: MarketAxess Corporate BondTicker - www.bondticker.com
78 BARRON’S January 17, 2022

O T H E R VO I C E S
The way for a representative government over
a large territory to survive is to foster the
conditions that prevent a permanent majority.

Don’t Count
ously secured gains may be clawed common is their distaste for a world cal to the region’s security and to the
back. The 1965 Voting Rights Act’s still dominated by the U.S. China’s defense of U.S. interests in the Indo-
protections are being tested, as are the Belt and Road Initiative penetrates the Pacific. President Joe Biden has made
rights recognized in Roe v. Wade. Yet, former Soviet Union. As NATO con- several recent comments that had to

Democracy
rather than a replay of Jan. 6, the more solidated the West, China went into be walked back or clarified. His lapses
likely scenario, according to polls, is Central Asia. Meanwhile, Russia con- were always in the direction of a more
that the Republican Party wins both tinues to sell weapons to India, much vigorous defense of Taiwan.
houses in November as independents to the dismay of the U.S., which is China may be abandoning its

Out Yet
and suburban households shift. trying to integrate India in its efforts minimal-deterrence nuclear strategy.
To cast the global competition as to check China. India will use those If so, it is overdetermined. As China
one of democracies against authoritar- weapons to help in its border skir- becomes wealthier, it seems “natural”
ian regimes seems to obscure conflict- mishes with China and Pakistan. to expand its military forces. Unlike
ing national interests. Imagine that the For all practical purposes, the the U.S.—where even in an age of hy-
dissident Alexei Navalny became presi- U.S. has ruled out a direct military personic weapons, the two oceans

A
dent of a democratic Russia. Could he response to a Russian invasion of offer it protection that few other large
merica’s geopolitical By Marc Chandler accept Ukraine or Georgia joining Ukraine. Instead, it threatens sanc- countries have—China is in a danger-
rivals are acting as NATO? Chinese President Xi Jinping tions. Some could cut deeply, like ban- ous neighborhood. North Korea and
if it’s in terminal appears to have rolled back much of ning trading or owning Russian sover- India have nuclear weapons, and Iran
decline. Democracy Deng Xiaoping’s political and economic eign debt, sanctioning the large state- may not be too far away from joining
with it. reforms, but could any Chinese leader owned banks, and restricting dollar- the nuclear club.
Russian President accept U.S. troops in Taiwan? The U.S. ruble transactions. From Beijing’s perspective, the
Vladimir Putin wants needs to distinguish between geo- On the other hand, the U.S. is aggressive U.S. stance toward Taiwan
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

the U.S. and Europe to concede that graphic self-interest and the particular threatening to change the status quo and the explicit U.S. attempt to build
Ukraine and Georgia will never be regime of a competitor or adversary. in Taiwan as much as Beijing is a coalition to contain China mean
allowed to join the North Atlantic The countries that fail to live up to through its aerial harassment cam- that a stronger nuclear presence will
Treaty Organization. Another piece the U.S. standards of democracy are paign. Last month, a Department of minimize the risk of being dominated
of Ukraine may well be taken. Mean- not a homogeneous bloc. Nearly the Defense official told a Senate commit- in an escalation ladder in the region.
while, China has been harassing Tai- only thing Russia and China have in tee that Taiwan was strategically criti- In addition, the development of U.S.
wan. Many fear that China is prepar- missile defenses requires whatever
ing to invade. The manner of the U.S. was a minimal deterrence before to
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

pullout from Afghanistan, the rela- be somewhat larger now. Suppose


tively poor handling of the pandemic, China secures the warheads that the
and bitter partisanship are driving Pentagon now projects it will, and
talk that America is playing checkers the U.S. doesn’t expand its forces.
while the others play chess. America will still have four times
Can we get more banal or trite? more warheads.
Democracy is always messy. The The concentration of income and
ancient Greeks and classical polit- wealth poses social and political chal-
ical philosophers didn’t think lenges in the West and China. Under
that the rule of many was sus- Covid, we have seen how poverty is
tainable. Therein is the American itself a comorbidity. The security of
contribution to politics. In Federalist private data also raises important
10, James Madison outlines the view. questions regardless of a country’s
The way for a representative govern- political structure.
ment over a large territory to survive is A wide range of accommo-
to foster the conditions that prevent a dations are possible. But elites,
permanent majority. whether elected or not, must
When America was founded, only ensure a better life for more peo-
white men with property could vote. ple, or face ultimate rejection. Se-
State legislatures elected senators. Re- curity in Europe remains a delicate

illustration by The Project Twins


cently, the right to vote was extended balance, but no more than Berlin
to 16-year-olds in parts of Europe and was for a generation: a divided city in
to 17-year-olds in some U.S. states’ a divided country in a divided conti-
primaries. New York City gave the nent. Not ideal, but possible to avert
right to vote in local elections to about what could have been atomic war. B
800,000 noncitizen residents.
Yes, there is a push to restrict vot- Marc Chandler is chief market strategist for
ing rights in many U.S. states. Previ- Bannockburn Global Forex.
January 17, 2022 BARRON’S 79

MAILBAG
Send letters to Mail@Barrons.com. To be considered for The Readback, a podcast taking you
publication, correspondence must bear the writer’s name, inside the latest stories, is available
address, and phone number. Letters are subject to editing. wherever you listen to podcasts.

two volume models (“Is Tesla Stock headset. The only problem with my index, is this: There were two inflation
Headed to $1,400 or $67? Why Pre- being over 80 years old is that my spikes in the ’70s. The first spiral, to
dicting Auto Makers’ Performance Is wife may notice me wearing it and 12%, was driven by Lyndon B. John-
Tricky,” Streetwise, Jan. 7). As com- have me put away. son/Richard M. Nixon policies. The
petitors roll out electric offerings, Martin Blumberg rate dropped an astonishing five per-
Tesla will remain a niche player un- Melville, N.Y. centage points in two years under
less it can offer a broader range of President Gerald Ford and Federal
models. It will also be interesting Reserve Chairman Arthur Burns.
to see how it does with a large-scale Larry Fink’s Opinion Burns courageously introduced the
recall and no dealer network. Person- novel dual mandate and tight money
ally, I am thrilled with our Toyota To the Editor: policies. The second spike, also to
RAV4 Prime, which allows us to go Regarding the “He Said” item on the 12%, resulted from Jimmy Carter’s
electric locally and still travel off-grid Jan. 7 Review page, BlackRock CEO rejection of that hugely successful
to Maine. It is a far more attractive Larry Fink is quoted as saying, “I be- policy, despite the recession ending in
vehicle than the Tesla Y to boot. lieve in the power of American capi- the January of his election. Fed Chair-
Janet Lewis talism. Progressives don’t believe defi- man Paul Volcker went to school on
On Barrons.com cits matter. I do.” I wonder why Fink the Ford policy, copying it without
did not also castigate conservatives attribution, but only 1½ years after his
who have actually rung up bigger defi- appointment and starting on the day
Federal Largess cits in the past 50 years than any that Ronald Reagan was elected. Rea-
Democratic administration or Con- gan realized that he had four years to
To the Editor: gress. It wasn’t Democrats, not all of ride out a tight-money recession be-
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

It’s hard to know what to make of a whom are progressive by any means, fore his next election campaign. Ford
federal government that financed 48% who rang up the Ronald Reagan defi- had a mere 28 months.

Investment of its 2020 budget with debt issuance,


which it then sends to local govern-
ments (via state grants), many of
cits of the 1980s. It wasn’t Democrats
who took us into two wars we are still
paying for. It wasn’t Democrats who
Robert Messman
Denver

Opportunity
which are not logistically equipped gave us the George W. Bush or Donald
(due to manpower and material con- Trump tax cuts, neither of which did Hostage Leadership
straints) to spend it (“States Could anything for most people. It wasn’t a
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Drive Rising Prices Even Higher. Democrat who said, “Reagan proved To the Editor:

Of a Lifetime
Here’s How,” Jan. 6). deficits don’t matter.” Fink’s opinion Jay Clayton and Mark Wiseman con-
Case in Point: Manatee County, is not helpful at all. tend that political leadership is domi-
Fla., which has been running serial Dennis Read nated by career politicians (“What We
$100 million surpluses even before Reston, Va. Can Learn From Our Covid-Crisis
receiving the federal largess, clearly Failures,” Other Voices, Jan. 7). I be-
To the Editor: does not need additional revenue that lieve that political leadership is being
The underinvestment made in recent years, as well as will just sit in a money-market fund The Arthur Burns Fed held hostage by a worldview that we
the compliance required to bring on a new supply of earning a tenth of 1%. all were witness to on Jan. 6, 2021.
materials to address the energy transition, supports a Instead of blanket distributions, To the Editor: To learn from our Covid failures,
long investment horizon (“The Commodities Boom,” a little more targeting of federal funds Your Back Story article confuses look no further than John Barry, author
Cover Story, Jan. 7). As new markets evolve, informed is called for, so that we can more pru- words with actions in the Ford admin- of The Great Influenza. The main lesson
active managers will capture the best opportunities. An dently distribute the money to the istration (“Can We Whip Inflation from 1918 is very clear: Tell the truth,
investment opportunity of a lifetime is just beginning. poorer counties and states that have Now? Good Luck With That,” Jan. 5). lead with facts, and trust science.
Doug Groh a legitimate need for assistance. The real story, found in the Personal Jen Stark
On Barrons.com Mike Meehan Consumption Expenditures Price Washington, D.C.
Bradenton, Fla.
To the Editor:
Commodities are the place to be for inflation. Oil, gold,
silver, copper, nickel, farmland, water—I own them all. The Metaverse
Jack Smith
On Barrons.com To the Editor:
“The main lesson from 1918 is very
Tesla’s Niche Future
After reading the article on what the
metaverse is all about, I’m sorry to say
I’m still confused (“The Metaverse Is
clear: Tell the truth, lead with
To the Editor:
All the Talk at CES. Defining It Isn’t
Easy,” Tech Trader, Jan. 6). I guess I’ll facts, and trust science.”
Tesla’s problem is its limited range of models, with just have to buy an Oculus virtual-reality Jen Stark, Washington, D.C.
X W L C 10 11 12 H G R P 4 8 3 F 2 D 6 7 9 0 A
80 BARRON’S January 17, 2022

Innovation
doesn’t mean
starting from
scratch.
Adapting to what lies ahead starts with a clear
understanding of how to get there. Thrivent
investment products are built on a solid foundation
of research and process to help financial
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professionals prepare portfolios for tomorrow.

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800-521-5308 | sales@thriventfunds.com | fp.thriventfunds.com
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

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Thrivent Asset Management, a division of Thrivent, offers financial professionals a variety of investment products to help meet their
clients’ needs.
The distributor for Thrivent Mutual Funds is Thrivent Distributors, LLC, a registered broker/dealer and member FINRA/SIPC, and a subsidiary of Thrivent, the marketing name for Thrivent
Financial for Lutherans. 3955049.1

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