Professional Documents
Culture Documents
• PA G E S 7, 2 8
NEW
LIFE
FOR
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THE The
PC opportunity
in artificial
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intelligence
goes well
beyond the
cloud. How
to play the
future of
personal
computing.
PAGE 16
>
63142
C O NT EN TS 11.06.23 VOL.CIII NO.45
P. 16 P. 23 P. 24
P. 12
Income: Be Wary of
Private Credit Funds
Chevron Stock Is Set A slowing economy could turn the
to Get Pumped Up tide against this hot asset class.
The oil giant’s beaten-down shares By AMEY STONE
offer an opportunity to profit from
what is likely to be decades of P. 28
strong demand for fossil fuels.
By ANDREW BARY
Trader: A Moment of
Market Calm
P. 13 Don’t get too comfortable with the
market’s recent ebullience.
Vertex’s Pain Pill Could By JACOB SONENSHINE
Be a Blockbuster
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P. 22 P. 32
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VOL. CIII
$5.00
NO. 45
Up & Down Wall Street: Tech Trader: Why minimum distributions, or RMDs.
Sites, and Equifax The Rally’s Catch-22 Can’t Apple Grow?
NEW
LIFE
FOR
THE
PC
The
opportunity
By ELIZABETH O’BRIEN
Q&A: A quest for “idiosyncratic
in artificial
opportunities” leads the Neuberger the era of rate hikes is over. That Macs, wearables, and more—and it Barron’s Roundtable
PAGE 16
Berman Long Short fund to cheap same enthusiasm could keep the has remained largely mum on AI.
stocks with outsize potential. Illustration by Federal Reserve on its toes. Wall Street has reason to worry. on Fox Business
Guillem Casasús
By EMILY DATTILO By RANDALL W. FORSYTH By ERIC J. SAVITZ Watch Fridays at 7:30 p.m. ET, and
Saturdays and Sundays at 9:30
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P. 54 Inc. All Rights Reserved. P. 9 P. 24 a.m. and 10:30 a.m. This week, the
combine the diversification of a mutual fund and the tracking of an index with transparency and liquidity.
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Caterpillar
Symbol
CAT
Weight
4.67%
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visit www.sectorspdrs.com. Read the prospectus carefully before investing.
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4 BARRON’S November 6, 2023
I ND EX
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Expedia Group . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36 SENIOR WRITERS Bill Alpert, Megan Cassella, Lauren Foster, Nicholas Jasinski, Tae Kim,
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STORY EDITORS Ed Lin, Erin McCarthy, Liz Moyer, Patrick O’Donnell, Stacy Ozol,
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November 6, 2023 BARRON’S 5
Urban
regeneration?
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Look again
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Strategies
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Investing
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“T
was revised down by 101,000. possibility.
oday is That set off a massive covering of short The unemployment rate, derived The Fed justified not raising policy
history, positions in Treasury bonds and fu- from a separate survey of households, rates in part because of previously
tomor- tures (which involves the purchase of ticked up by one-tenth of a percentage tighter financial conditions, notably
row is previously sold securities or contracts). point, to 3.9%, but for the wrong rea- higher bond yields, a firmer dollar, and
Barron’s,” The Federal Open Market Commit- son. Unlike in past months, when the lower stock prices. It seems like circular
accord- tee’s decision at midweek to hold its jobless rate climbed in part because of reasoning, but the rebounds in prices of
ing to key federal-funds target range at more entrants into the labor market, stocks and bonds, plus an easing of the
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our marketing slogan from way back BY RANDALL 5.25%-5.50%, by contrast, surprised in October the labor force dipped. dollar, over the past week may further
when. That was brought to mind by W. FORSYTH nobody. The panel’s most recent Part of last month’s payroll shortfall stave off the long-predicted slowdown.
our Oct. 30 cover story, which ex- Summary of Economic Projections, could be traced to over 30,000 United All of which suggests that, while
horted readers to buy bonds instead released in September, contained a Auto Workers members added to the the Fed may not hike further, hopes
of crying about them. Due to a conflu- median guess for the year-end fed- number of workers on strike. But the for subsequent cuts in 2024 may be
ence of factors, long-term Treasury funds rate suggesting one more reported generous pay pacts to settle premature.
bonds saw their biggest rally this past quarter-point hike. But Powell hinted the walkouts imply something other
G
week since the headlong plunge in at his news conference on Wednesday than a weak labor market. erontocracy is much de-
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
yields in March 2020 in the teeth of that the “efficacy” of those projections The 4.1% year-over-year October bated and decried in U.S.
the Covid pandemic. politics, and not without
In particular, the benchmark 10-year justification. Yet there is
Treasury yield ended Friday at 4.52%, value in the wisdom gained from expe-
down sharply from the 5% mark hit a rience, especially from someone who
couple of weeks earlier, which trans- puts the lessons of the past into think-
lates to higher bond prices. The impact ing about the future. That future is
of lower yields rippled through other fraught with risks, he offers, but not
assets, notably stocks, as the major ones usually associated with investing.
indexes also enjoyed their biggest These are the thoughts gleaned from
weekly gains of the year, ranging from several recent extended conversations
5.07% for the Dow Jones Industrial with Dan Fuss, the vice chairman of
Average to 6.61% for the Nasdaq Com- Loomis Sayles. Having just celebrated
posite. The S&P 500 split the difference his 90th birthday, Fuss remains hard
with a 5.85% advance. at work, even if he no longer directly
Thanks are due, in chronological manages bond portfolios for the
order, to Janet Yellen, as Treasury sec- Boston-based firm. He describes
retary; Jerome Powell, Federal Reserve himself as the grandfather of the
chairman; and the Bureau of Labor office, providing guidance for other
Statistics. Each in their own way gave managers from his experience stretch-
indications that the sharp rise in inter- ing back more than six decades.
est rates had peaked, thereby lifting That understates his influence, to
Emily Elconin/Bloomberg
asset prices along the risk spectrum. be sure. Over the years, Fuss has be-
The week began with the Treasury come known as a bondpicker whose
outlining its quarterly borrowing plans style is analogous to Warren Buffett’s
that, while still massive, contained approach to stocks. I readily recall one
somewhat fewer longer-term securities of our first conversations, when I
than market participants had feared. The United Auto Workers won generous pay pacts for union members. So much for a weakening labor market. asked him about his approach to in-
8 BARRON’S November 6, 2023
vestment management. “I like bonds that successive cycles marked by higher lows
go up [in price],” he said, a challenge since and higher highs. The implications for
bonds only promise par at maturity plus investing are likely to be the reverse of the
ALLOCATION ETFs
product or jobs number, Fuss expresses allocation of stocks and bonds probably
concerns about geopolitics, climate change, should be something more like 50/50, he
and domestic disputes that have hampered continues. Fuss demurs about offering any
governance. Where once his speeches to recommendation on the equity portion,
groups such as the CFA Institute focused on but suggests a definite tilt from long-
things like Fed policy, the economic outlook, duration fixed-income assets.
cambriafunds.com and the like, now he emphasizes what’s of- In the corporate market, which is his
ten seen as exogenous factors, away and bailiwick, he prefers intermediate maturities
apart from usual investment analysis. due in about seven to 10 years. In that sec-
BUY & HOLD TREND BUY & TREND Fuss sees the Fed’s decision this past tor, he emphasizes issues trading at discount
week to hold interest rates steady as, in prices, of which there is an abundance from
part, influenced by the Israel-Hamas war. bonds issued during the ultralow-yield pe-
The risks that the conflict could spread and riod of a few years ago. Such medium-term
cause significant economic repercussions, bonds would fall less in price than long-
notably by spiking energy prices, are rea- term maturities if yields rise, but could par-
sons to sway the central bank to stand pat. ticipate in a rally and would be unlikely to
“A good way to keep your hands warm is to be called early should yields fall, he says.
sit on them,” he observes, as another New While Fuss is constrained from naming
England winter lies ahead. names, one example would be a triple-B-
GAA received a 4-star overall rating from TRTY received a 4-star overall rating from GMOM received a 4-star overall rating from With that in mind, he thinks the Fed is rated (lower investment grade) bond with
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
Morningstar as of 9/30/23 out of 377 funds in Morningstar as of 9/30/23 out of 238 funds in Morningstar as of 9/30/23 out of 238 funds in done with raising short-term interest rates a 1.5% coupon due in 2030, which would
the Global Allocation category based on risk- the Tactical Allocation category based on risk- the Tactical Allocation Category based on risk- and possibly could cut them a couple of trade around 77 ($770 per $1,000 face
adjusted returns. For the 3-year period, GAA adjusted returns. For the 3-year period, TRTY adjusted returns. For the 3-year period, GMOM times in 2024, which coincidentally is an value). That would result in a yield to
received a 3-star rating out of 377 funds and for received a 5-star rating out of 238 funds and for received a 4-star rating out of 238 funds and
the 5-year period, GAA received a 4-star rating the 5-year period, TRTY received a 4-star rating for the 5-year period, GMOM received a 4-star election year. That’s in line with the fed- maturity of about 5.80%, compared with
out of 349 funds, as of 9/30/23. Cambria Funds out of 349 funds, as of 9/30/23. Cambria Funds rating out of 217 funds, as of 9/30/23. Cambria funds futures market’s expectation of the 4.68% for a seven-year Treasury note.
distributed by ALPS Distributors, Inc. distributed by ALPS Distributors, Inc. Funds distributed by ALPS Distributors, Inc. first reduction coming in June, according He also see opportunities in selected
the CME FedWatch site. high-yield bonds but emphatically not
Fuss’ worry about an expanded war across the spectrum of speculative-grade
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
©2023 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its in the Middle East joins his longtime con- bonds. Specific risks for individual corpo-
content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither cerns over conflicts between China and the rate borrowers are the key. That includes
Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. U.S. creating a Thucydides’ Trap, when a both the credit quality of the issuer and the
Past performance is no guarantee of future results. rising power threatens to displace a domi- particular features of each bond issue. Re-
The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity nant one, as well as Russia’s aggression member that each debt issue from an indi-
and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. against Ukraine. vidual company has its own set of specific
Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated One fallout from these risks is that the characteristics, such as coupon, maturity,
basedonaMorningstarRisk-AdjustedReturnmeasurethataccountsforvariationinamanagedproduct’s monthlyexcessperformance,
placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any U.S. military burden will rise. Though call features, and security, while there gen-
adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next Fuss admits this is outside his bailiwick, erally is only a single class of stock.
35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed he believes this pressure will be felt both But these particulars take a back seat to
product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) on the government’s budget and on the the key risks that Fuss sees for his children
Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three Fed, which could be forced to pause in its and grandchildren. Climate change is top of
year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more
months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most fight against inflation. That could mean mind, although he admits there are no easy
recent three-year period actually has the greatest impact because it is included in all three rating periods. accommodating price rises in the 3% to 4% solutions. For institutions focused on the
Investing involves risk, including the possible loss of principal. annual range, above the central bank’s 2% long term, such as pension funds, he would
target, along with interest rates inching up. want to protect cash flows over 10 to 20
Dividends are not guaranteed. Companies currently paying dividends can stop paying dividends without notice. A buyback is when a With Washington carrying the burden years in ways that might benefit the climate.
company buys its own outstanding shares to reduce the number of shares available on the open market.
of the military, even if it isn’t committing Geopolitics and increasingly fractious
To determine if this Fund is an appropriate investment for you, carefully consider the Fund’s investment objectives, risk troops, the pressure will still be on spend- domestic politics remain Fuss’ other major
factors, charges and expense before investing. This and other information can be found in
the Fund’s full or summary prospectus which may be obtained by calling 855-383-4636 (ETF ing, he adds. That puts a built-in inflation- concerns—especially the apparent inability
INFO) or visiting our website at www.cambriafunds.com. Read the prospectus carefully before ary bias into what, in theory, is a peacetime to come to grips with the fiscal deficit,
investing or sending money. For fund performance as of the most recent month-end please economy, albeit one with budget deficits which further constrains our ability to
visit www.cambriafunds.com. The performance data quoted represents past performance. that historically have been associated with meet those challenges.
Past performance does not guarantee future results. wartime, conservatively running at over This nonagenarian has his eyes fixed
TheCambriaETFsaredistributedbyALPSDistributorsInc.,1290Broadway,Suite1000,Denver,CO80203, 6% of gross domestic product. not on the past, but firmly on the future,
which is not affiliated with Cambria Investment Management, LP, the Investment Adviser for the Fund. Fuss doesn’t necessarily see inflation and the risks that it holds. B
soaring like it did in the 1970s, but he does
think interest rates are likely to experience email: randall.forsyth@barrons.com
November 6, 2023 BARRON’S 9
ST R E E T W I S E
A miracle of cable’s business model is that viewers
who don’t care about sports subsidize those that
do. In streaming, they pay for what they want.
C
parent company shut down the CNN+ ous sense. Disney would get help with
alling all armchair come for ESPN could come in 3% streaming service just weeks after it the soaring cost of TV rights. The
quarterbacks and lower despite a 2% rise in revenue. launched? It’s because a) the service league might get a cut of subscriptions
fantasy financiers: Macquarie Research notes that ESPN’s was for CNN superfans, but b) it didn’t and advertising, offset by reduced
Walt Disney year-to-date operating margin is 11.2%, include live CNN, and c) CNN super- rights income. Part of the pitch would
could use some versus 15.7% for its last fiscal year and fans would presumably always rather have to be that the old way of doing
ideas for solving 16.9% the year before. ESPN’s financial watch live CNN than the thing that business is at risk of collapse, so better
its ESPN problem. success over the years allowed it to costs extra but isn’t live CNN, so d) the to sign up for the new way. Apple
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It’s a tricky situation, even with televi- BY JACK outbid others for sports rights, contrib- target audience for the thing didn’t (AAPL) and Amazon.com (AMZN)
sion wizard Bob Iger back on the case HOUGH uting to runaway price growth for truly exist. That’s an oversimplifica- have plenty of cash and an interest in
at Disney (ticker: DIS). The company, rights, which is now biting back. tion, and ESPN+ is no CNN+, not least streaming. A cable giant like Comcast
which reports full-year financial re- From here, revenue gains could be because it has close to 26 million sub- (CMCSA) is another possibility. This
sults on Nov. 8, is considering bring- more difficult to achieve. Since 2010, scribers. But it’s important to note that past week, Disney said it would buy
ing in a new partner for ESPN. It re- ESPN has grown its advertising and it doesn’t, for now, include live ESPN. the one-third of Hulu that it doesn’t
cently began reporting financial affiliate fees, or what cable companies One of the miracles of the cable-TV own from Comcast, as expected, with a
details for the unit. Let’s run through pay to include ESPN in their bundles, business model is that viewers who price floor of $8.6 billion, which could
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
some of the challenges. by an average of 6% a year, com- don’t care for sports have long subsi- rise following an appraisal process.
The first thing to know is that pounded, despite a 3% average yearly dized those who do, but in streaming, Whoever the new ESPN partner is,
sports are easily the best-performing decline in subscribers, which has been people mostly pay for only what they it is likely to see the pinch that Disney
part of traditional TV, and ESPN bills accelerating. It did this through a want. To replace ESPN’s current eco- is in, and a deal could be priced ac-
itself, justifiably, as “The Worldwide combination of scarcity value and nomics entirely with streaming, BofA cordingly. Sooner would surely be
Leader in Sports.” Among the 50 strong-arming cable companies. But analyst Jessica Reif Ehrlich estimates better for Disney. (For more on Dis-
most-watched broadcasts last year, 47 ESPN now brings in close to $9.50 per the service would have to cost $41 a ney, see Power Play, page 33.)
were National Football League games. cable subscription, making it the most month. Disney stock has been on a wild
Strip out the NFL, and 38 of the top expensive channel in the bundle by That figure could easily be too low. ride, from $145 or so before the pan-
50 were other sports telecasts, accord- far. Add in ESPN2, ESPNU, and all It’s based on the 63 million people demic, to $85 when the theme parks
ing to BofA Securities. ESPN holds an the other related channels, and the who watch ESPN over traditional TV, were shut down, up to $200 a year
unparalleled set of sports TV rights. cost is closer to $13. plus those 26 million streaming sub- later as investors looked to streaming
Its operating income this fiscal year In September, when Charter Com- scribers. But many of those subscrib- as a pandemic winner, and now down
could total $2.8 billion—not the worst munications (CHTR) argued, convinc- ers currently get ESPN+ as a cheap to $81. That’s a level not seen since
starting point for a crisis. spring 2014, several months after the
That means that ESPN could con- first Frozen hit theaters. It puts Dis-
tribute between 20% and 25% of Dis- ney’s market value at $148 billion.
ney’s total segment operating income BARRONS.COM/PODCASTS Free cash flow is pegged at $4.4 billion
for its fiscal year ended September, and in the company’s latest fiscal year,
nearly all of its media and entertain-
ment income. Media income has been
depressed by streaming costs, and is
Barron’s Streetwise rising to, well, anyone’s guess in two
years. Some 14 analysts have ventured
estimates. The low call is just under $5
expected to bounce back as spending In a weekly podcast by Barron’s, columnist Jack Hough looks billion. The high is over $10 billion.
subsides and subscriptions ramp up. at the companies, people, and trends you should be watching. Which is closer to correct will depend
That’s the theory, at least. The reality This is Wall Street like you’ve never heard before. Subscribe greatly on whether Iger can find a way
for now is that Disney needs for ESPN to Barron’s Streetwise on Spotify, Apple Podcasts, to extend ESPN’s success. B
to hang on. or your favorite listening app.
But it isn’t, entirely. Operating in- email: jack.hough@barrons.com
10 BARRON’S November 6, 2023
huge amounts of electricity to same 25% pay hike as its rivals. Elon tainment behemoth to earn 71 cents
Water Woes
power servers. Musk’s X valued its equity at $19 bil- a share on $21.4 billion in sales.
lion, down from $44 billion a year Disney’s shares are down 14.3%
2022 data-center electricity after he bought it. Danish wind giant over the past year, the fourth-worst
consumption, in terawatt hours Ørsted dropped two big U.S. projects. performer in the Dow, as declining
0 20 40 Sam Bankman-Fried was convicted of linear-TV revenue and streaming
Artificial intelligence is a game changer—and seven counts of fraud and money losses offset the very profitable
Google
a water guzzler. “AI represents one of the most laundering in the collapse of FTX. theme-parks segment.
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
T ECH T RADER
Apple’s revenue fell 1% in the September quarter,
to $89.5 billion. It’s the company’s fourth straight
quarter of declines.
A
pple’s latest quarterly “The December quarter typically considerable market share. the biggest worry about Apple, though.
report highlighted a sets the tone for the year,” Bernstein The sharp swoon in the Mac busi- The company still isn’t spending any
concerning issue for analyst Tony Sacconaghi wrote Friday. ness might explain why Apple took the time talking about this year’s most
the world’s most val- He now says Apple’s fiscal 2024 reve- unusual step of holding a 30-minute important topic with investors, the
ued company: It sim- nue could be flat, versus a consensus evening product launch event this past emergence of generative-AI software.
ply isn’t growing. estimate for 6% growth. Monday to unveil new MacBook Pro Cook briefly touched on AI during the
And no one can say To be clear, Apple has built a fantas- laptops and an updated iMac. call, but only because an analyst asked.
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when the malaise will come to an end. BY ERIC J. tic business. The company has more If you squint, you can find some “In terms of generative AI, obvi-
In the latest quarter, Apple (ticker: SAVITZ than one billion subscribers to its vari- things to like about Apple’s latest quar- ously, we have work going on,” Cook
AAPL) recorded revenue of $89.5 bil- ous services, ranging from music and ter. Gross margin hit a record 45.1%, said. “I’m not going to get into details
lion, down 1% from the year-ago pe- streaming video to financial services and the midpoint of the company’s about what it is because, as you know,
riod. That marked its fourth consecu- and data storage. And it has an in- December guidance suggests a further we really don’t do that. But you can bet
tive quarter of declines. Apple’s latest stalled base of more than two billion uptick to 45.5%. The company’s China that we’re investing. We’re investing
results are a contrast from the other hardware devices. revenue was down 2% in the quarter, quite a bit....And you will see product
Magnificent Seven tech giants. In the In the iPhone, Apple has created but Apple noted that adjusted for cur- advancements over time where those
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
September quarter, Tesla’s (TSLA) one of the most successful consumer rency, the total was actually up 4%, technologies are at the heart of them.”
revenue was up 9%; Alphabet electronics products ever, with sales in with the iPhone setting a September- OK, so maybe AI will be the thing
(GOOGL) grew 11%; Microsoft the latest year of more than $200 bil- quarter record for sales in mainland that gets Apple’s top-line rolling again.
(MSFT) and Amazon.com (AMZN) lion, nearly Microsoft’s total revenue. China. That’s good news, given recent Maybe it will be an iPhone sales sur-
both expanded 13%; and Meta Plat- The company’s products are brilliantly concerns about the competitive threat prise. Maybe it will be something no
forms (META) increased 23%. engineered, and they engender fanati- posed by Huawei’s Mate 60 Pro smart- one is anticipating. But if Apple re-
Nvidia (NVDA) blew away everyone, cal customer loyalty. I am writing this phone. Meanwhile, the company main- mains in no-growth mode for much
with 88% growth in its latest quarter. column on a MacBook Air, with my tains its shareholder-friendly capital longer, you have to wonder if the stock
For the fiscal year ended in Septem- iPhone 13 Pro Max sitting next to me returns, buying back $15.5 billion of can sustain its lofty forward multiple.
ber, Apple revenue fell 3%, declining $9 and my Apple Watch on my wrist. Ap- common stock in the quarter. At 27 times projected earnings, Ap-
billion from fiscal 2022. To put that in ple TV+ is my favorite streaming ser- Apple’s December-quarter guidance ple trades roughly in line with Nvidia.
perspective, over the same four quar- vice, I use Apple Music (not Spotify), has various moving parts, and there One company isn’t growing. One com-
ters, Microsoft expanded its top line by and I have thousands of photos stored are a few caveats that could dampen pany is on fire. Investors can do the
more than $15 billion. Apple reported in the company’s cloud. But none of the worries. For starters, Apple expects math. B
full-year declines in all four of its major
device categories—iPhones, Macs,
iPads, and wearables. Only services
revenue grew from the previous year.
For those counting on a rescue from
the all-important holiday quarter, Ap- Apple’s forecast was disappointing, but
ple isn’t sounding too upbeat there,
there’s a bigger concern for investors. The
Justin Sullivan/Getty Images
Chevron Stock
Chevron’s total yield—encompass- Chevron
ing dividends and stock buybacks— (CVX / NYSE)
should top 10%, based on its projec-
tion that it will repurchase $20 billion $200
of stock annually, assuming the Hess
Could Be a Gusher
180
deal is completed by mid-2024. Chev-
ron has a great balance sheet, with net 160
debt of $15 billion against a current
market value of $275 billion. It was 140
enough for BofA Securities analyst
Doug Leggate to upgrade Chevron to 120
The oil titan has disappointed investors, but it’s been punished enough for Buy from Neutral this past week.
100
earnings and the Hess deal. Shares look attractive after a recent selloff. The stock market isn’t so sure. CEO
2022 '23
Mike Wirth said the deal “positions Source: FactSet
Chevron to strengthen our long-term
performance and further enhance our
advantaged portfolio by adding world- billion deal for Noble in 2020, which
class assets”—chief among them a gave it control of a big gas field off the
30% interest in a massive Guyana coast of Israel. In recognition of
field, which contains 11 billion barrels Wirth’s efforts, Chevron waived its
of oil equivalent. mandatory retirement age for CEOs to
On the other hand, Chevron got a allow Wirth, now 63, to continue to
richly valued company with no real work after he turns 65.
overlaps, providing little opportunity Some of the sheen has come off the
for cost cutting. What’s more, there’s Chevron story. Chevron has run into
no current free cash flow, given in- issues with two of its most important
vestments that Hess is making with assets. Earlier this year, the company
its partners to double Guyana pro- said it was having some production
duction by 2027 from a current shortfalls in the Permian, possibly
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400,000 barrels a day. The all-stock making it harder for Chevron to hit its
deal will also mean $2 billion of added goal of one million barrels a day there
annual dividend costs. Wall Street is by 2025 from about 775,000 now.
assuming that Hess shareholders will Issues have also cropped up in Ka-
back the deal despite a drop in Chev- zakhstan, where Chevron is the lead
ron’s stock price since the transaction operator and 50% owner of a large oil
was unveiled in October. field called Tengiz that produces about
Greg Buckley, a portfolio manager 750,000 barrels a day. On its third-
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
at the Adams Natural Resources fund, quarter conference call, Chevron an-
BY ANDREW BARY Wall Street is too negative on the says that getting control of the Guyana nounced a delay in an important ex-
I
company’s prospects. While the situa- stake was worth the Hess price, given pansion project that would help take
n less than a year, Chevron has tion at Chevron may take a few quar- the field’s growth outlook. Chevron production up to a million barrels a
gone from being Wall Street’s ters to resolve, the company looks seeks to boost its energy production day from late 2024 to 2025.
favorite Big Energy company to well-positioned for what is likely to be by at least 3% annually through 2027 Still, managing complex large en-
a show-me story. Investors who decades of strong demand for fossil off a 2022 base. ergy fields has historically been the
buy the stock now should end fuels. Chevron produces oil and gas forte of Big Oil. Permian and Tengiz
M
up liking what they see. around the world, with key assets in aking sure that happens falls may have raised questions about how
Chevron stock (ticker: CVX) Australia, Kazakhstan, the Gulf of to Wirth, Chevron’s CEO of well Chevron can manage the develop-
has fallen 17% in 2023, making it the Mexico, and the Permian Basin of the past five years. He ment of large projects, but Adams
worst performer by far among the Texas and New Mexico. It produced 3.1 emerged as the top big-energy Natural Resources’ Buckley thinks
half-dozen global super majors this million barrels a day of oil equivalent leader as Chevron generated ample Chevron has been “overly punished”
year. Exxon Mobil (XOM), by com- in the third quarter, behind industry returns in recent years with disci- and will get back on track.
parison, is down just 2% this year, leader Exxon Mobil at 3.7 million. plined capital spending, smooth oper- At Chevron stock’s current price,
and the Energy Select Sector Shares, which now trade near $147 ations, and acquisitions like the $13 that’s a bet we’re willing to make. B
SPDR exchange-traded fund (XLE) after hitting a 52-week low in the past
is about flat. week, also look attractive, valued at 11
Most of the drop has come during times projected 2023 earnings of $13.71 Oil Slick
the past few weeks after a disappoint- a share and 10 times next year’s esti- Chevron tumbled this year but now has a lower valuation and larger payout than its two closest
ing earnings report that included mated profits of $14.44 a share. At the U.S. competitors.
news of a surprise delay in the devel- current price, the stock will yield 4.5%, Recent YTD Market Value 2023E 2023E 2024E 2024E Dividend
opment of a key oil field in Kazakh- based on the company’s plan to boost Company / TIcker Price Change (billion) EPS P/E EPS P/E Yield
Vertex May
Have the
Holy Grail of
Pain Meds
Drug trials will soon reveal whether
the company has achieved an
elusive goal: a nonaddictive pill
that works as well as an opioid
BY JOSH NATHAN-KAZIS
A
mericans filled
roughly one opioid
pain prescription for
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A nonaddictive pain pill that works Vertex pain pill to that of Wegovy and ceived a placebo or an opioid. The risk that the next set of trials
as well as an opioid, with none of the the other GLP-1 obesity drugs that But Wallace points to potential could find that the drug has limited
same addiction risk and side effects, made Eli Lilly (LLY) and Novo Nor- problems with the trial, suggesting efficacy will chill investors who
would be an instant blockbuster. Drug disk (NVO) the most valuable compa- that the opioid used may not have been watched the potentially multibillion-
companies have met with repeated nies in biopharma. “Obesity drugs had given frequently enough, and noting dollar market for Aduhelm, Biogen’s
failures in their efforts to develop one, underperformed and failed for 20 that patients were allowed to take ibu- (BIIB) hotly anticipated Alzheimer’s
but Vertex Pharmaceuticals (ticker: years, and people didn’t contemplate profen along with the medicines being disease therapy, deflate over the same
VRTX) could be close to a break- how big the market was,” Risinger tested but that data on how they used concerns in 2021.
through. says. “The exact same is the case here
Late this year or early next, the for pain.”
company plans to announce the re- Some scientists who study pain, A Painful Problem
sults of four studies of a pain drug it however, aren’t yet convinced by While growing concern over abuse has curbed prescriptions, some public-health
calls VX-548. Three of the studies are VX-548. They say that while the need officials say we're still too reliant on opioids.
testing VX-548 taken over a short pe- for the drug is clear, its efficacy isn’t.
Opioid prescriptions dispensed at U.S. pharmacies
riod as a treatment for acute pain, In an editorial published in the New
250 million
while a fourth aims to measure the England Journal of Medicine in Au-
efficacy of the drug when taken over a gust, Dr. Mark S. Wallace, a professor
200
longer duration for chronic pain. in the department of anesthesiology at
If the trials are successful, sales of the University of California, San Di-
VX-548 could hit $5.1 billion a year by ego, wrote that the methodology of 150
a New
320 side effects appear minimal.
300 The question for investors is
280 whether to buy the stock ahead of the
260 trial results. If the studies show that
Network
240 VX-548 is better than a placebo and as
220 good as an opioid—with no worse side
200 effects—FDA approval and wide-
180 spread adoption could come quickly.
160 In an early-October note, Goldman
2019 2020 2021 2022 2023 Sachs analyst Salveen Richter wrote
Source: FactSet that if VX-548 appears to work as well
Data Center REITs & as an opioid in the Phase 3 trials fo-
cused on acute pain, Vertex shares,
Digital Infrastructure ETF A Vertex spokesperson told Barron’s recently $362, would be worth an ad-
that both the tummy-tuck and bunion- ditional $58 each. If the drug works
removal trials were “unambiguously” even better than opioids, she writes
VPN successful. The spokesperson said the
Phase 2 trials weren’t designed to com-
that it would be worth an additional
$88 per share. In a best-case sce-
pare the effect of VX-548 with the ef- nario—if the chronic-pain study is also
fect of the opioid, but that the continu- positive—Richter estimates that the
ing Phase 3 trials are. As for the stock would be worth an additional
ibuprofen, the spokesperson said that $119 per share.
allowing for its use is “typical” in this Richter is less concerned about the
type of study, and that data on how it downside risk if the trials fail. She
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
was used weren’t included in the re- says the market currently isn’t giving
port because it wasn’t what the study Vertex much credit for its pain pro-
was designed to measure. gram, and that the company’s cystic
Even if VX-548 proves less potent fibrosis franchise alone is worth $326
than the company hopes, it could open per share. Leerink’s Risinger is simi-
the door to better nonopioids in fu- larly undeterred by the risk. “It’s pos-
ture. Yale neurology professor Dr. sible the stock could be down close to
Stephen Waxman points to the earliest 20%” if all the trials fail, he says. “But
1 (888) 493-8631
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
statins, drugs that prevent heart attack the upside, if there’s success in those
GLOBALXETFS.COM and stroke. While first statins weren’t three trials, is quite significant.”
particularly effective, “they encour- If approved, VX-548 would be an
aged the development of subsequent easy sell to treat chronic pain, where
generations of statins, which were opioids are less effective and the po-
®
Beyond Ordinary ETFs very important,” says Waxman.
But nonopioid pain drugs have a
tential for abuse is highest. But the
first trials are focused on acute pain, a
Investing involves risk, including the possible loss of principal. The investable history of disappointing investors. The more challenging market because ge-
universe of companies in which VPN may invest may be limited. Data Center REITs most recent example, nerve growth neric opioids are cheap and seen as
and Digital Infrastructure Companies are subject to risks associated with the real factor inhibitors, were plagued with less of a risk when given over a short
estate market, changes in demand for wireless infrastructure and connectivity, safety issues: Pfizer (PFE) and Lilly duration. Still, Risinger says he’s cer-
rapid product obsolescence, government regulations, and external risks including got as far as a Food and Drug Admin- tain that insurers will pay more for an
natural disasters and cyberattacks. International investments may involve risk of istration rejection of their version of opioid alternative. “I cannot imagine
capital loss from unfavorable fluctuation in currency values, from the differences the drug before dropping it in 2021, an insurance company or [pharmacy
in generally accepted accounting principles or from social, economic or political while Regeneron Pharmaceuticals benefit manager] saying to a doctor or
instability in other nations. VPN is non-diversified. (REGN) killed its version late last year, patient, we need you to fail the opioid
despite some positive Phase 3 data. first,” he says.
Carefully consider the Fund’s investment objectives, risk factors, charges Today, the only nerve growth factor For investors, a bet placed now on
and expenses before investing. This and additional information can be inhibitor pain medications on the mar- the outcome of the pain trials, while
found in the Fund’s full or summary prospectus, which are available at ket are drugs for pets. risky, could be a smart one. The down-
globalxetfs.com. Read the prospectus carefully before investing. VX-548 works differently than opi- side risk seems acceptable in the face
oids and other pain medicines, which of the size of the opportunity. Wall
Shares of ETFs are bought and sold at market price (not NAV) block transmission of pain within the Street is appropriately skeptical of
and are not individually redeemed from the Fund. Brokerage central nervous system. VX-548 inter- new pain medicines, but based on the
commissions will reduce returns. Distributed by SEI Investments rupts pain signals before they reach early studies, Vertex’s drug seems to
Distribution Co. the brain, blocking a specific sodium have a good shot at succeeding in the
channel that transmits pain in the trials. If the drugs work, it will be good
peripheral nervous system. While the news for society—and for investors. B
November 6, 2023 BARRON’S 15
$6,731
1
+$6,731.641
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16 BARRON’S November 6, 2023 November 6, 2023 BARRON’S 17
REVENGE
OF THE PC:
AI IS MAKING
LAPTOPS
COOL AGAIN
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A
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
PC Stocks Hang On home trend triggered a big but ulti- sion of the company’s new M3 proces-
Dell shares have outperformed those of rival HP Inc.—and the broader mately misleading surge in PC de- sors. Apple said the high-end version
market—over the past five years. But both stocks look cheap on mand. Global shipments reached 342 of the chip, called the M3 Max, will be
a price/earnings basis. million in 2021, a 23% spike from pre- capable of running complex AI work-
Dell HP Inc. S&P 500
pandemic days, according to Gartner loads.
data. PC shipments were 279 million Meanwhile, most modern laptops
200% in 2019. already use some level of artificial
PC manufacturers were optimistic intelligence and machine-learning
the surge marked a global reset—that techniques, like facial recognition,
150
the crucial role laptops played in autofocus, fingerprint scanning, noise
keeping the economy going during the cancellation, and image enhance-
100 Covid era would quicken the indus- ment. “We have been embedding AI
try’s refresh cycle and continue to in our products for years,” says Daryl
50
boost the number of laptops owned Cromer, chief technology officer for
per household. But PC sales have now PCs and smart devices at Lenovo.
declined for eight quarters running, “They’ve led to better devices.”
0 retreating to their prepandemic But those use cases are the AI
trough. Gartner estimates PC ship- equivalent of the human nervous sys-
−50 ments will decline to 245 million this tem—things that happen in the back-
year. The industry needs a spark, and ground of computing that improve the
Jan. 2019 Jan. 2021 Jan. 2023 it sees one in the AI PC. experience. New PCs will bring artifi-
Source: FactSet cial intelligence to the forefront.
T
here are other factors that HP’s Cho imagines myriad new
will provide a small boost to applications, ranging from AI soft-
vices like ChatGPT do their computa- the opportunity in AI PCs; the com- PC growth even before the ware providing real-time coaching for
tionally intensive magic. pany will launch a chip code-named benefit of AI fully kicks in. game players to real-time language
Even before AI, consumer and Meteor Lake, its first processor with Microsoft is terminating support for translation on conference calls. He
business laptops had largely become an integrated neural processing unit, Windows 10 in October 2025, which sees AI PCs reaching 40% to 50% of
dumb terminals for using online plat- this December. will spur some upgrade demand from laptop sales within three years.
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forms from Amazon.com (AMZN), Advanced Micro Devices (AMD) corporate buyers, according to Gart-
P
Microsoft (MSFT), Alphabet’s CEO Lisa Su has been promoting AI ner analyst Mikako Kitagawa. There’s C leaders now cite a long list
(GOOGL) Google, Meta Platforms since at least her January keynote also the fact that all of those pan- of reasons to bring AI di-
(META), and Apple (AAPL). Docu- address at CES, the giant annual tech demic-era PCs are beginning to age rectly to the computer. The
ments are in the cloud, email is in the trade show in Las Vegas, where she out. Intel CEO Pat Gelsinger said on first one is privacy. Sending
cloud, photos are in the cloud, music launched a new generation of proces- the company’s recent earnings call data into the cloud to be sorted by AI
is in the cloud. “The network is the sors with built-in AI capabilities. that he sees the market rebounding to applications carries real risk that the
computer,” Sun Microsystems com- Qualcomm (QCOM), which licenses 300 million units. information could be used or dis-
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
puter scientist John Gage presciently chip designs from newly public Arm Gartner is projecting 5% unit closed in unintended ways.
said 40 years ago. Holdings (ARM), is ramping up its growth for the PC business in 2024. For chief information officers, the
PC makers are looking to change push into the PC processor market, The pandemic, at the very least, most compelling reason is cost sav-
that paradigm. They are readying AI with the potential to steal away mar- proved that people still rely on PCs. ings. Running AI software on the
personal computers, with the first ket share from the market leaders. The AI opportunity is sending the PC cloud is expensive, and anything that
models set to arrive in the next few The company detailed its plans for AI industry back to its innovative roots. can shift some of that burden to the
months. The microprocessor compa- PCs at its recent developers confer- AI PCs won’t look different than the edge of the network should save
nies are excited, too. The common goal ence. one now sitting on your desk. But on money. Dell’s Burd sees the emer-
is to enable PC users to run generative As consumers and businesses the inside, they’ll have a system-on-a- gence of smaller AI models that can
AI applications right on their desk- have learned in the 11 months since chip that includes three important ele- run on PCs, which would also mean
tops, whether connected to the net- the launch of ChatGPT, generative AI ments: a conventional CPU, or central lower latency—with no delays for
work or not. allows once-unimaginable tools for processing unit; a GPU, or graphics communicating back to the cloud—
“We look at it as an opportunity to the creation of text, images, video, processing unit; and—here’s the new and higher speed. “The edge of the
make the PC an uber-companion for and music. For businesses, the tech- wrinkle—an NPU, or neural processing network is where data is being gener-
how people get things done,” says nology offers more intuitive and pow- unit. Neural processing is a way of pro- ated, and that’s where AI is going to
Sam Burd, president of Dell’s Client erful ways to use corporate data to cessing very large data sets efficiently. happen,” he says.
Solutions Group, which includes its better serve customers and improve And the NPU will pick up most of the Lower latency is a particular boon
PC business. “They are going to be productivity. AI-specific computing requirements. for gaming applications, which could
better, more productive devices for It’s no surprise why the PC makers Apple has been including a neural use AI to make the “nonplaying char-
both corporate environments and for want in on the action: Research firm engine as part of its homegrown pro- acters” that fill fictional worlds into
people at home.” IDC recently forecast that enterprise cessors since it introduced the A11 conversational personalities. And, not
Alex Cho, president of HP’s Per- AI spending would reach $143 billion processor in the iPhone 10 in 2017. least, running workloads locally makes
sonal Systems Group, goes further: by 2027, with a compound annual This past Monday night, Apple it possible to run AI software even
“It will be a real inflection point for growth rate of more than 73%. unveiled its latest MacBooks during a when not connected to a network at all.
the category. There will be dramati- That’s a huge opportunity for a PC rare prime-time event, a sign of its (No one wants to rely on the cloud for a
cally new use cases, benefits, and industry that hasn’t shown sustained renewed focus on its own PC division. facial ID feature, for instance.)
experiences.” growth for years. The latest MacBook Pros, along with Burd thinks applications like Mi-
Intel has talked extensively about The pandemic-era work-from- an upgraded iMac, will all use a ver- crosoft 365 Copilot, which adds AI
November 6, 2023 BARRON’S 19
I’m here to
help you lead
your best
financial life.
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For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
Katie B.
Independent Financial Advisor
Since 2011
I became an independent advisor to help with more than just your financial goals. As a
fiduciary, my promise to you is simple: I will always take your full life picture into account.
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20 BARRON’S November 6, 2023
functionality to applications like Word follow—collecting everything a user Fading Glory for PCs
and PowerPoint, will eventually run does, recording conversations, key- Worldwide PC shipments peaked in 2011. More than a decade later, the industry
on PCs, rather than in the cloud. strokes, documents, and websites. is waiting for a new spark to renew sales growth.
Microsoft, a key provider of both That’s a privacy nightmare in the
cloud computing and PC software, current cloud-dominated world, but 400 million
declined to be interviewed for this it’s far less worrisome when all the
story. data are stored and locked down on a
Robert Hallock, senior director of local PC.
technical marketing at Intel, notes that Rewind then makes everything
PC processors have taken on more searchable with a natural-language
functionality over time, adding graph- chatbot. Rewind CEO Dan Siroker
ics, video encoders, and other fea- calls it a “co-pilot for your mind.” 200
tures. By adding a neural engine to the Rewind might not be the ultimate
processor, he says, you gain “more winner, but the concept has real ap-
performance and efficiency—and un- peal, and it’s the type of use case that
lock new things.” could drive adoption of new PCs. Peo-
Those new things are still largely ple will start to buy PCs again when
theoretical, though no one knew that they see friends’ devices unlocking
4G wireless would eventually power new doors and making them more 0
services like Uber and DoorDash. productive.
Rakesh Anigundi, an AMD direc- Intel recently unveiled an “AI PC 2005 2010 2015 2020
tor who leads the team building the Acceleration program,” which is in- Source: Gartner
rience that is both faster and more says. without the need for any text input. and Micron stocks are cheap and
reliable. AI applications will be “a IBM CEO Arvind Krishna says the “It changes the market for the chip could get boosts from any good AI
whole lot quicker” without having to rise of the AI PC is “a given.” In an makers,” he says. news.
upload data to the cloud. interview with Barron’s, he explained Alex Katouzian, a senior vice presi- But when it comes to the PC re-
the history of the PC industry as a set dent at Qualcomm, says AI PCs based bound, investors should go straight to
T
here are still plenty of PC of major chip upgrades that revolu- on Qualcomm’s Snapdragon X Elite the source. Dell and HP both have
skeptics, though, and for tionized the device and opened the processors will be able to run multiple bargain-priced stocks.
them, the AI conversation way to new applications. AI models in the background at the HP, with more consumer exposure
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
has pushed PCs even fur- About 35 years ago, he says, Intel same time. He imagines, for instance, than Dell, trades for eight times for-
ther to the margins. The consensus rolled out a chip called the 80387 that the ability to summarize text and com- ward earnings, less than one times
view has been that the computational worked with x386 processors for com- pile a list of action items from an on- 2024 estimated sales, and sports a 4%
power required to create and run putationally intensive applications like going meeting. yield. Dell, which sells PCs mostly for
large-language models would almost spreadsheets. Qualcomm claims that the new business and should get an AI-boost
certainly have to run in the cloud. PCs later added GPUs, enabling Snapdragon processor is faster—while for its server business, trades at 10
GPT-4, the latest model from Ope- games and video editing. And now using less power—than chips from times 2024 earnings estimates, less
nAI, has 1.76 trillion parameters— PCs are adding NPUs, for artificial Intel and AMD. The first PCs using than one times sales, and offers a 2%
and it can take weeks of intensive intelligence. Krishna thinks every PC the new Qualcomm chips should be yield. Both are aggressively buying
computing to produce new models. before long will have the ability to run available next year. back stock. We don’t need AI to tell us
The need for massive computing AI models with 10 or 20 billion pa- Meanwhile, Micron Technology that the stocks look cheap. B
power to run these models explains
the rapid growth in demand for
Nvidia’s graphics processors, which AI for Everyone
have become the default for AI appli- Generative artificial intelligence software is coming to your personal computer. Here’s a look at some of the key players.
cations. The firm’s H100 chip costs Company / Ticker 1-Yr Price Change Comment
$30,000, not a part that will work on Dell Technologies / DELL 69.6% Expected to launch AI-capable PCs in 2024; also sees boost to its server business from AI.
a laptop.
Lenovo Group / LNVGY 56.4 Just announced plan for $1 billion investment in AI over three years.
Yet it turns out that a substantial
portion of AI-related computing can Advanced Micro Devices / AMD 55.1 CEO Lisa Su has been talking about the AI opportunity since CES in January.
be brought back to the laptop more Intel / INTC 22.8 Intel recently said that every PC will soon be AI-capable.
efficiently, securely, and affordably. Micron Technology / MU 22.3 Potential winner from higher memory requireents for AI PCs.
One example of what’s possible comes Apple / AAPL 9.3 Apple has had “neural engine” chips and software in its Macs and iPhones since 2017.
from Rewind AI, a start-up backed by Arm Holdings / ARM -6.1* Chip design house seen as possible AI winner; Nvidia and AMD could make Arm-based PC chips.
the venture firms Andreessen Horo-
HP Inc. / HPQ -6.7 Consumer PC giant plans a big push into AI-capable PCs starting next year.
witz and NEA.
Rewind runs on a laptop—on Macs Qualcomm / QCOM -9.6 Smartphone chip maker now making big push into PCs, driven by AI opportunity.
*Price change since Sept. 13, 2023 initial public offering.
today, with Windows-based PCs to Source: Bloomberg
November 6, 2023 BARRON’S 21
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®
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Our award-winning thinkorswim trading platforms are loaded
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22 BARRON’S November 6, 2023
S I Z I N G U P S M A LL- CA P S
N
against industry leader Cintas (CTAS)
ewly public uniform- or No. 3 player UniFirst (UNF), lag-
rental company Vestis ging both in growth and profit mar-
has a pitch to investors: gins. Greater success as an indepen-
We’re about more than dent company will come from adding
just dirty laundry. new customers and expanding busi-
Vestis (ticker: VSTS) ness with existing ones, a path already
was spun out from Ara- laid out by Cintas, which has become a Vestis management who rates Vestis stock Overweight with mated Ebitda to a range of 1.5 times to
says that the aver-
mark (ARMK) in early October, allow- $53 billion behemoth. Shares have age client uses a $20 one-year price target, up almost 2.5 times by fiscal 2026. Vestis’ borrow-
ing the parent company to focus on the risen 25% a year for a decade. between 30% and 20% from Friday’s close. “It’s inspiring ings include an $800 million term loan
40% of the com-
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starting with its uniform-rental busi- from supplying aprons, floor mats, below Cintas’ 25%. The company will able,” says Brian Frank, chief invest-
ness. Some jobs require protective or towels and linens, cleaning products, also need to keep a close eye on costs: ment officer of Frank Capital. “The
technical apparel, while standardized restroom supplies, first-aid kits, and Vestis’ unionized workforce has negoti- market could get nervous about Vestis’
uniforms convey a consistent brand other workplace goods—products that ated raises in the coming years, while ability to service this debt should prof-
image to customer-facing roles. Laun- are less tied to employee head count its competitors aren’t unionized. its decline in a recession.”
dering and maintaining a wardrobe for than uniforms and provide opportuni- Management’s first order of busi- Vestis will report results and pres-
an entire workforce can be a pain for ties for cross-selling. Management says ness will be to cut debt. The company ent guidance on Nov. 29. Investors will
companies large and small in all indus- that the average client uses between has net debt of $1.5 billion versus an want to see early signs of progress on
tries. Outsourcing that service to a 30% and 40% of the company’s offer- equity value of $2.2 billion. Manage- profit-margin expansion paired with
provider like Vestis can reduce com- ings. Selling just one more product to ment’s goal is to reduce leverage from revenue growth.
plexity and cost. all existing customers would add $900 its current 3.9 times fiscal 2022 esti- Vestis stock trades for 16 times ex-
For Vestis, the business brings re- million in revenue, the company esti- pected earnings over the coming year,
curring revenue, economies of scale, mates, versus expected fiscal 2023 rev- versus 35 times for Cintas and 23 for
and ample room for growth. The com- enue of $2.8 billion and adjusted net Vestis UniFirst. That lower valuation should
pany’s trucks visit each of its 300,000 income of $155 million. (VSTS / NYSE) Headquarters: Atlanta compensate investors for taking a
customer locations every week, drop- Vestis has reorganized its sales $17 $16.76 Recent Price: $16.76 chance on it as it aims to transform
ping off five clean uniforms per em- teams and operations to focus on im- itself into a more Cintas-like company.
16.5 YTD Change*: -13.1%
ployee and picking up five dirty ones. proving “route density”—selling more Vestis is a higher-risk, higher-potential
Those are brought back to one of its products to customers and optimizing 16 Market Value (bil.): $2.2 return turnaround bet on a small-cap
350 facilities to be inspected, laun- logistics to earn more revenue from 15.5 2024E Sales (bil.): $3.0 value stock. Progress on its debt pay-
dered, and repaired or replaced if nec- less driving. That’s key to its plan to down will shift more value to equity
15 2024E Net Income (mil.): $135
essary. Some 92% of the Aramark increase sales, expand margins, and holders, while management’s efforts to
she posts six or seven videos a week. that about? “I think the Fed is starting
Her company, Bread, garners reve- to focus on how do we get young peo-
nue from ads on social media and ple to pay attention to markets? How
brand deals from the likes of are they going to communicate to
Bloomberg, (where she is a Bloomberg young people about what’s going on in
Opinion contributor), shareholder the economy?”
advocacy group We The Investors, What’s Scanlon’s take on the Fed?
and the American Academy of Arts “The Fed has a very difficult job,”
and Sciences. she says. “They have a very limited
Just don’t call Scanlon an influ- tool kit; raising rates, the balance
encer. Why not? “It’s really the conno- sheet and Fed speak. I think the Fed
tation with the word influencer. I has gotten kind of lucky with how
don’t feel like I’m influencing people fiscal policy has gone. Fiscal policy
to purchase things. The whole goal is has essentially saved us from reces-
financial education, to help people sion. Bidenomics happened, the Chips
understand the economy.” Act happened, IRA happened, all of
Better to describe Scanlon as an these things have been really support-
astute, driven entrepreneur with seri- ive to the economy. I don’t think that
ous (age-adjusted) financial acumen, we’ve seen [higher] rates really take
strong, original thinking and digital hold in the economy except for hous-
know-how. On camera she is intense, ing, with mortgage rates now at 8%.
with piercing blue eyes, but also easy- So I’m not sure if their tool kit is effec-
going, sometimes rocking a Carhartt tive in achieving their goals. I don’t
beanie. know if the goal should be 2% infla-
Based out of Denver, Scanlon has a tion, this arbitrary-ish number. Why
purview as wide as the sky; from Jay potentially sacrifice the labor market
Powell (she occasionally dresses up for that?”
like him), to Tesla (ticker: TSLA), to And stocks?
the future of work. A polymath in the “It’s an interesting time for the
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making, she delves into Keynes, stock market, because now you have
Fischer Black and the CPI, sprinkling the bond market, working at 5%, es-
in references to Jackson Pollock, sentially, risk free. I think stocks are
Plato’s Cave, and biking across looking less and less attractive for a
France. lot of people. They’ve totally like not
Unsurprisingly, Scanlon was no traded on fundamentals forever, right?
slouch at Western Kentucky Univer- So they’re just sort of speculative
sity (Go Hilltoppers!), where she ma- tools. But I think that [the market] can
Financial Influencer
part of the TVA Investment Challenge concerned about financially?
Program, founded the Women in “Oh, my gosh, I think everything.
Business organization, and received I’ve been really thinking about this
the top undergraduate academic lack of ‘beginner mode.’ The Mitsubi-
award. She also published a paper on shi Mirage is one of the last cars sell-
the ‘Effects of Terrorism on the U.S. ing for under $20,000. And they’re
Stock Market: Evidence from High [reportedly] discontinuing it in 2025,
To be fair, Kyla Scanlon doesn’t like the term. But given the popularity of Frequency Data,’ where “price level and so now there aren’t a lot of cars
her social media videos, she clearly has the attention of young investors. variability was examined using the under $20,000. We have a housing
generalized autoregressive conditional crisis—it’s really difficult to get a
heteroskedasticity (GARCH) model.” starter home. Think of starter jobs, the
After school she moved to LA to struggle to find a job that will pay a
BY ANDY SERWER he was like, ‘this is a cool way for you work for Capital Group but left after wage that matches your lifestyle infla-
K
to explore mathematics and under- less than two years. She went to work tion, or keeps up with rent and infla-
yla Scanlon is hardly your stand how markets work.’” at a tech startup, building out their tion.”
typical markets commen- Scanlon, now 26, is one of the most investment education arm, which she You may see Scanlon as just an-
Photograph by David Williams
tator—but then again how prominent of a new breed of financial realized was her calling. Then in Janu- other talking financial head—albeit
many 16-year-old girls pundits who ply their trade on social- Scan this code ary 2021 GameStop (GME) hap- the latest digital incarnation. And
growing up in Louisville media platforms such as YouTube to watch Kyla pened. “And I was like, ‘Oh, this that’s true to an extent, but remember
traded stock options on (where she has 32K followers), Sub- Scanlon on would be a cool thing to explain.’ So I that thousands of young people are
At Barron’s, a
the weekend. stack (51K subscribers), X (160K fol- weekly video just started making these videos and now getting market news and knowl-
“It was just something interesting lowers), and especially TikTok (168K series featuring posting them and it worked out.” edge from sources like Scanlon, who
top CEOs and
to do. My parents were supportive,” followers.) Using just an iPhone 11, executives.
Now, she’s interviewing San Fran- has distinguished herself as a cut
she says. “My dad dabbled in it and so tripod, microphone, and a whiteboard, cisco Fed Chair Mary Daly. What was above the rest. B
24 BARRON’S November 6, 2023
F UN DS THE EC ONOMY
Convertible Bonds Offer The Bank of Japan’s Early
Investors More Protection Warning for the U.S.
BY LAUREN FOSTER has returned 1.3%, according to Morning- BY JACK DENTON 1990, and Ueda cited the risk of exchange-
star. It has delivered annualized total rate volatility as one reason that yield-
C O
onvertible bonds are getting re- returns of 7.8% over the past decade. bsessing over the Federal Re- curve control was tweaked.
newed attention as an asset class Investors can play convertibles serve is understandable, but Inflation is also more reliably around,
that offers investors exposure to through mutual funds, exchange-traded the Bank of Japan’s decision or even above, the BOJ’s 2% annual target,
stocks and bonds while softening funds, or individual securities. Unlike this past week to relinquish which could push the central bank to be-
the blow on the downside and promising a traditional stock and bond funds, where control over government bond yields is gin tightening the ultraloose screws. Its
smoother ride along the way. investors have plenty of choices, the a reminder that investors ignore other policy board lifted its inflation expecta-
The surge in bond yields has spurred Morningstar category of convertible central banks at their peril. tions on Tuesday, seeing inflation holding
volatility across markets, with the S&P funds has less than two dozen names, The BOJ took a small but meaningful above 2.8% in the 2024 fiscal year, up
500 and Nasdaq Composite each having with a handful of ETFs. step toward normalizing monetary policy from estimates of 1.9% in July.
their worst October since 2018. Calamos has a long history in convert- in the world’s third-largest economy, pav- “The current monetary setting...is
Eli Pars, co-chief investment officer at ibles and a large stable of funds, including ing the way for its first interest-rate hike clearly inconsistent with economic funda-
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Calamos Investments—the largest U.S. the flagship $837.2 million Calamos Con- since 2007. It may soon throw its weight mentals,” says Iain Stealey, international
manager of convertibles, with $34 billion vertible fund (CCVIX) and the $121.1 mil- around in a way that may surprise Wall chief investment officer for fixed income
in assets under management—says one lion Calamos Global Convertible fund Street, with important implications for at J.P. Morgan Asset Management. “We
way of thinking about convertible bonds is (CAGCX), both of which are actively man- Treasuries and the dollar if it pushes expect the BOJ to take a more active ap-
as a low-volatility equity strategy. aged. In October, the firm launched its some of the biggest global investors to proach from here.”
“Historically, over a full market cycle, first convertibles ETF, the actively man- rotate out of the U.S. and back to Japan. Marcel Thieliant, head of Asia Pacific
investors have been able to earn similar aged Calamos Convertible Equity Al- Deflation has weighed on Japan since at research group Capital Economics, ex-
returns to the equity market, but with ternative (CVRT). a real estate bubble burst in the early pects an end to Japan’s negative interest
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about a third less volatility,” he says. Pars is the lead manager of Calamos 1990s. The BOJ pioneered “quantitative rates as soon as January. Stealey sees the
These bonds get their name from the Global Convertible, which has delivered easing”—stimulating growth through BOJ ditching yield-curve control as early
feature that separates them from conven- total returns of 3.6% this year, outper- bond-buying—in 2001 and pushed inter- as the spring, after annual wage talks be-
tional debt. They are hybrid securities that forming 98% of the funds in its Morning- est rates into negative territory in 2016, tween unions and employers.
pay a fixed interest rate and allow inves- star category. Over three and five years, when it began a policy of controlling the Japan’s ultralow rates have pushed do-
tors to exchange the debt for the issuing though, the fund is in the bottom quartile. yield curve for government bonds. mestic capital abroad and popularized a
company’s shares if the stock price appre- Chiayi Tsui, an analyst at Morningstar The BOJ is now beginning to reverse carry trade of borrowing yen to buy U.S.
ciates. They offer a combination of the Research Services, says active manage- course. At its October meeting, the central Treasuries, pressuring the yen and buoy-
downside protection of bonds and the ment is an advantage in this asset class. bank held rates at minus 0.1% but de facto ing the dollar. Japanese investors are by
upside potential of stocks. “Managing the equity sensitivity of a con- ended its yield-curve control policy. Hav- far the largest foreign owners of Treasur-
“Convertibles are an interesting and vertible bond portfolio is very important,” ing previously defined a rigid yield cap ies, holding $1.1 trillion as of August, al-
often-overlooked option for investors to she says. “When your convertibles become of 1% on the 10-year government bond, most 40% more than Chinese investors.
thread the needle in terms of equity expo- like equity, they lose their ability to pro- it said that level will now be a “reference.” If the central bank signals that it will
sure and bondlike exposure,” says Michael vide downside protection.” The language tweak might seem minor, normalize policy and might hike rates,
Arone, chief investment strategist at State On the passive side, two of the largest but the implications are potentially seis- Japanese investors like banks and life
Street Global Advisors. convertible ETFs are SPDR Bloomberg mic for markets. BOJ Gov. Kazuo Ueda insurers could start dumping Treasuries
Arone says the returns in convertible Convertible Securities and the $1.3 billion said the central bank would allow for to buy more-attractive domestic bonds.
bonds have been “pretty good” in 2023, iShares Convertible Bond (ICVT), long-term yields to rise if driven by funda- Along with any winding down of the carry
with total returns of 2% this year for the which is up 2.9% this year. mentals, but that it would respond to trade, this would send Treasury yields
$3.4 billion SPDR Bloomberg Convert- It’s important to take the long view speculative moves with intervention. higher and weigh on the dollar.
ible Securities exchange-traded fund when it comes to convertible bond funds. While the BOJ reaffirmed that it will “If the BOJ hikes, that’s going to be
(ticker: CWB), compared with negative “Convertibles are almost never going to “patiently continue with monetary eas- a big moment that I think many market
returns for traditional bonds. The $89 outperform equities, and during down ing,” there is a Tokyo policy drift at play participants these days haven’t seen,” says
billion broad-market iShares Core U.S. markets they are almost never going to against the backdrop of a dramatically Yusuke Miyairi, a foreign-exchange strate-
Aggregate Bond ETF (AGG) is down outperform bonds,” says Michael Young- weakening currency and more-sustainable gist at Nomura.
2.5% this year. worth, the head of global convertibles inflation. The rate differential between The BOJ decision is an early warning
Over the past 12 months, the SPDR strategy at BofA Securities. “They are Japan and the U.S. has pushed the yen to that forces beyond the U.S. are worth
Bloomberg Convertible Securities ETF firmly in the middle.” B its lowest level against the dollar since monitoring. B
November 6, 2023 BARRON’S 25
I N C O M E I N V E ST I N G
In 2020-22, investors wanted floating-rate funds
as the Fed raised rates. Now they’re attracted to
private credit’s defensive qualities.
W
0
less volatile than their publicly traded 2012 '17 '22
ealthy inves- for the S&P 500 index and 15.7% for counterparts, such as business devel- Source: PitchBook
tors with a investment-grade corporate bonds, opment companies, or BDCs, says
financial according to PitchBook. Mike Terwilliger, portfolio manager of
advisor Brad Marshall is global head of the Alternative Credit Income fund lar—because investors in gated funds
whispering private credit strategies at Blackstone, (ticker RCIIX), which can move be- might not be able to pull their money
in their ear which offers the $48 billion Black- tween private and public credit. Right out in a downturn.
are hearing a stone Private Credit fund, known as now, he says he is finding a “deeper “There are attractive opportunities,
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lot more about private credit funds BY AMEY BCred. Coming up on three years arsenal of opportunities” in private but you have to be careful and selec-
lately. These funds typically make STONE since its inception, BCred boasts an credit but may shift to buying more tive,” says Mariia Eroshin, a manag-
direct loans, which have floating inter- annualized total return of 9.8% and a public credits, which in a downturn ing director at Certuity, which pro-
est rates and, thanks to Federal Re- current yield of 10.5%. can typically get very cheap. Private vides financial guidance to wealthy
serve hikes, boast yields in the low Marshall sees two phases in private credit isn’t subject to swings in market families. “We’re looking for short du-
double-digits. credit’s growth. In 2020-22, investors sentiment. “Those valuations faith- ration and low leverage. Investors get
Private credit funds have character- were thirsty for yield and wanted to be fully represent the fundamentals of a premium for the illiquidity risk of
istics that should allow them to hold in a floating-rate fund while the Fed the business, not the whims of the private investments, but that risk
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up well even if the economy turns was hiking rates. “Today something market,” Terwilliger says. needs to be taken wisely and thought-
south—though the rush of assets these else is going on,” he says. Now inves- Kelly is watching to see if too much fully,” she says.
days makes some advisors cautious. tors are looking for defensive qualities investor money starts chasing too few Clearly, private credit isn’t for ev-
“We’ve been putting clients in private that private credit offers, he says. private credit deals, which could lead eryone. The funds can feel like a
credit for years and it’s been a won- BCred, as well as most direct-lend- to weaker credit terms. But the oppo- black box. Dan Pietrzak, global head
derful asset class for us,” says Leo ing funds, makes senior secured loans site seems to be the case now. Compa- of private credit at KKR, notes there
Kelly, founder and CEO of wealth to midsize companies, meaning they’re nies are turning to direct lending is increasing diversity in the asset
management firm Verdence. “But I get first in line to get paid back in defaults. more than ever, and the pipeline is class. “Private credit is broader than
nervous when things get hot.” Direct-lending funds often make hun- expected to continue to grow. direct lending,” he says. KKR in fact,
Like other alternative investments, dreds of loans, so they are diversified. The biggest risk for private credit is launching a new fund that has a
private debt funds were mainly the Since they lend directly to borrowers— investors is tied to risks facing credit sizable allocation to asset-based
purview of institutional investors un- mostly companies with strong cash investors more broadly: The economy lending, according to a filing re-
til the past few years (see chart). There flows in growing industries—they can is slowing while higher interest rates viewed by Barron’s.
are now many more ways for retail often negotiate strong investor protec- are eating into cash flows of many Many investors are worried about
investors to take part. Fidelity, Black- tions, or covenants, says Brad Schnei- companies, making it harder for them high stock valuations in a slowing
Rock, KKR, as well as numerous der, head of private credit at Cresset to pay back loans. Richard Daskin of economy, and private credit looks like
smaller players, are offering new Partners. One of the benefits of private RSD Advisors is wary of credit risk in a good alternative. “It seems like it
funds. Many private credit funds only credit is that when a company hits a general—and private credit in particu- solves a problem,” says Evan Lorenz,
allow for quarterly redemptions, and deputy editor at Grant’s Interest Rate
even those can be restricted if too Observer. “But those higher yields
many investors head for the exits all at Four Private-Credit Funds From Big Players come with some risk.”
once. Plus, they may have high mini- Fund / Ticker Holdings Yield A small allocation may make sense
mums and fees. BlackRock Credit Strategies / CRDAX Private and public debt 12.3% for wealthy investors who don’t need
A big reason for their popularity is to worry about tying up their money
Blackstone Private Credit / N/A Private credit 10.5
how well they held up last year when for a longer time, Eroshin says. Even
KKR Credit Opportunities Portfolio / KCOPX Private and public credit 8.7
both stocks and bonds fell sharply. then, “there are a lot of things to con-
Private debt funds returned 4.2% in Carlyle Tactical Private Credit / TAKIX Private credit 10.5 sider. You need a thoughtful and care-
2022 compared with declines of 18% Note: Funds may only be available through certain financial advisors and have other restrictions. N/A=not applicable Source: company reports ful approach.” B
26 BARRON’S November 6, 2023 November 6, 2023 BARRON’S 27
To Make More
have. And candidly, there weren’t had never seen before. It went viral enjoys an exclusive relationship with a
many people predicting an artificial- with its swipe feature, and effectively number of the payroll providers and
intelligence interface. gained such market share and traction other companies to collect employee
Marc Regenbaum: We love finding that it slowed down its innovation en- data, including income data, allowing
idiosyncratic opportunities, where gine. It needed a new team to come in, Equifax to build a fully verified digital
By Losing Less
the returns can come from [a com- because suddenly more competition résumé on a prospective hire.
pany’s] own strategic success or lack started to emerge. But we also think there is a coiled
thereof. Hinge is still going quite strong. spring underneath Equifax. At some
Match has a much lower valuation, point, mortgage rates will settle out,
One of the companies you like combined with strong free-cash-flow and people will re-engage in moving
is discount retailer Dollar Tree metrics and more realistic expecta- and getting mortgages. This could cre-
[DLTR], whose shares have fallen tions. It has an opportunity to be ate a nice tailwind for credit checks.
BY EMILY DATTILO rating from Morningstar. 23% this year. What do you like thoughtful in how it deploys its capi- Then, on the employment-verification
T
Kantor, joined by portfolio manager about the stock, and when did you tal, whether related to dividends, side, the coiled spring would be more
he stock market is a scary Marc Regenbaum, talked with Barron’s first buy it? increasing share buybacks, or M&A engagement, especially by white-collar
place, but that doesn’t over the past few weeks about his Regenbaum: We first bought Dollar [mergers and acquisitions]. It is in a workers. Hiring around white collar is
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worry Charles Kantor, a fund’s long/short strategy, his views on Tree in the fourth quarter of 2022. We great seat, given the low capital inten- a little bit more challenging versus the
senior portfolio manager the macro environment, and his favor- have the opportunity to own a defen- sity of the business model. This is a blue collar. It doesn’t mean that people
at Neuberger Berman and a ite stocks. An edited version of these sive retailer with multiple shots on great entry point. are losing their jobs; there is just less
manager of the Neuberger conversations follows. goal and accelerating earnings power. velocity in hiring white-collar workers.
Berman Long Short fund. The company benefits from custom- Match stock has fallen from a 2021 That could change.
Given the fund’s mandate, he’s pre- Barron’s: Long-short strategies ers trading down, and has counter- high around $160 to about $30.
pared for almost anything. might be unfamiliar to some inves- cyclical tailwinds. Dollar Tree has a The company posted disappointing What is the outlook for Equifax
The fund buys underpriced stocks tors. How does yours work? negative correlation with consumer third-quarter earnings on Oct. 31, earnings?
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
that Kantor and his colleagues believe Charles Kantor: The principle of the confidence and a positive correlation and the stock fell 15% the next day. Kantor: Somewhere between $7.50
will gain in value, while selling short fund is, effectively, you make more by with unemployment. What do you make of the earnings and $8 a share is doable next year
those they expect to fall. Short sellers losing less. We are trying to make The company also has a best-in- and the market’s reaction? with no mortgage recovery. As mort-
sell borrowed shares, in the expecta- money while protecting the downside class and highly aligned management Regenbaum: There’s a normalization gage rates and white-collar hiring
tion of buying them back later at a to drive attractive, risk-adjusted re- team. It brought in a new CEO in Janu- going on in the payer base of Match. return to more normal levels— we
cheaper price. turns. But underpinning all of that is ary, Rick Dreiling, a retail veteran who It will take a few quarters to show don’t anticipate that happening until
The fund’s strategy is one that a belief in fundamental research—and formerly ran Dollar General [DG], the outcome of their execution. When 2026—somewhere between $13 and
might appeal to investors looking to we think we’re in an environment and is now bringing that playbook to you separate the forest from the trees, $15 a share is reasonable.
weather a storm. While the fund has where doing fundamental research the Dollar Tree concept. Importantly, Match is still an asset that should
returned 6.7% annually over the past should make a difference. and unlike some peers, comparable- grow its revenue base at a high-single What are some stocks you are
five years, above the category’s 4.6% store sales—up 7.8% in the most recent digit rate and its operating income at shorting?
but below the S&P 500 index’s 11%, it How do you pick stocks to buy? quarter—are terrific. They’re some of a very similar rate. Regenbaum: We tend to be owners
has a “beta” of just 0.4, which means Kantor: On the long side, we want the best in retail, showing that the stra- of businesses on the long side, which
it is 40% as volatile as the index. to invest in great businesses at reason- tegic initiatives are working. Dollar Match seems like it could eventu- means a three-year-plus time horizon.
“We’ve taken people on a much able prices, and own them for long months. Those headwinds will be have only longs, you’d have 100% throughout that 30% to 60% range, Tree is getting positive traffic, and ally be a beneficiary of AI. We tend to be renters on the short side,
smoother ride,” Kantor says. periods of time. We try to make nice reflected in a financial metric—disap- exposure to the market, but if you depending on the investment opportu- management is still confident about Regenbaum: AI can be utilized effec- holding positions for the short term.
Kantor’s own journey started in capital gains over time. pointing earnings or an earnings pre- had an equal amount of longs and nity set we find for both longs and the trajectory of its long-term goals. tively in helping build out the user pro- As of the end of our latest quarter, in
South Africa. He moved to New York announcement—and we expect the shorts you’d have 0% exposure. shorts. As of the third quarter, the files, and continuing engagement. Also, terms of consumer-staples companies
in 1992 and joined a management con- And how do you pick short-sale stock will fall when it manifests. We How do you manage your exposure? fund was generally running in the You’re also a fan of Match Group you might be chatting [with a potential with leverage, one stock we were short-
sulting firm, Stern Stewart. After grad- targets? leverage our industry and company Kantor: Typically, our net exposure— 40% to 45% range. [MTCH], which runs online-dating match], and conversation might come ing was J.M. Smucker [SJM]. In terms
uating from Harvard Business School Kantor: Our short process isn’t the knowledge to find opportunities on longs minus shorts—is in the range of sites. What do you like about it? to a lull. There could be AI-generated of business models that used to be val-
in 2000, he joined Neuberger Berman, inverse of our long process. We short the short side. 30% to 60% of the S&P 500. We are The stock market has had a diffi- Regenbaum: Match Group is the prompts to keep the conversation go- ued on growth and took credit risk,
where he was an analyst before start- individual securities that we believe positioned more bullishly when our cult month. What is your outlook? leader in the online-dating market, ing. There are different ways that AI SoFi Technologies [SOFI] is an ex-
ing the Kantor Group, a money-man- face headwinds that we hope will be Long/short managers talk about net exposure is running closer to 50% Kantor: We just don’t believe you with a market share of about 30%. Its could be deployed to keep engagement ample. Redfin [RDFN] is a company
agement unit that now oversees $10 reflected in the next three to six their “exposure” to the market, to 60%; we are a little more conserva- can guess tomorrow. It is always the largest sites are Tinder and Hinge. high on the broader platform. based on traditional models that was
billion, in 2005. In 2011, Kantor a fancy way of talking about how tively positioned when we are running unexpected good or bad news that Match has favorable long-term secular being valued as a tech company.
launched the Long Short fund (ticker: PHOTOGRAPH BY much of the long portfolio is “neu- closer to 30% to 40%. We tend to be catches folks off-guard. Last year, I trends and is relatively defensive. Peo- Equifax [EFX], another of your
NLSIX), which has earned a four-star LANNA APISUKH tralized” by short positions. If you disciplined and move incrementally don’t think there were many predict- ple do like companionship; they will long positions, is usually thought Thanks, Charles and Marc. B
28 BARRON’S November 6, 2023 November 6, 2023 BARRON’S 29
MARKET WEEK
October 30 through November 3, 2023
in for 2024 and 2025, and if growth does Meta (META) has held up a bit better.
Striking Price P. 32 Charting the Market P. 34 not materialize, equities have to price down,” The stock is up 0.6% since earnings, erasing
Inside Scoop P. 33 Winners & Losers P. 35 says Spencer Hakimian, founder of Tolou its entire initial loss. It’s down only 4% from
13D Filings P. 33 Research Reports P. 36 Capital Management. its 52-week high, better than the other mem-
Power Play P. 33 Statistics P. 37 And price down they have. ON Semi, for bers of the Big Seven except Microsoft
example, cited weakening automotive chip (MSFT). What’s more, the stock held price
demand for its disappointing fourth-quarter support at $275 and looks to be heading
profit guidance. Its stock dropped 22%. It higher.
wasn’t alone in its pessimistic outlook. From “Meta remains the best on the board
Oct. 3 through Nov. 2, no company raised absolutely and relatively,” writes Rich Ross,
fourth-quarter earnings-per-share guidance head of technical analysis at Evercore, who
when reporting earnings. recommends buying shares.
MARKET PERFORMANCE DASHBOARD “If the forward guidance is weak, really This isn’t just a technical play. Meta’s
watch out,” Hakimian says. business remains strong and continues to
For now, the stock market is taking its grow. Third-quarter sales rose 25%, to $34.1
Dow Jones Industrials S&P 500 Nasdaq Composite iShares 20+ Year Treasury Bond ETF
cues from the bond market, where the 10- billion, beating estimates of $33.6 billion,
34,061.32
52-wk: +5.12% YTD: +2.76% Wkly: +5.07%
4358.34
52-wk: +15.59% YTD: +13.51% Wkly: +5.85%
13,478.28
52-wk: +28.67% YTD: +28.78% Wkly: +6.61%
$87.63
52-wk: -6.99% YTD: -11.98% Wkly: +3.86%
year Treasury yield, whose spike had caused
investors to panic, fell 0.289 percentage
point to 4.557%, its largest one-week decline
driven by higher-than-anticipated average
revenue per user. Meta continues to further
monetize its user base by increasing users’
since March. The issue is that still-high in- time spent on its platforms, a great deal of
8%
terest rates could slow the economy and put
2024 and 2025 earnings at risk. And that
which is attributable to Instagram Reels. The
company is also layering in more advertise-
Invest with the
1
A New Dawn
Stocks kicked off an eventful week
with big gains across the board,
No Surprises
Federal Reserve officials left inter-
est rates unchanged on Wednes-
Momentum
Stocks enjoyed another broad rally on Thursday,
as bond prices rose and yields fell again. The
alone should mean a more volatile market.
“Given that we’re past the phase where
governments are trying to keep rates really
ments, using artificial intelligence to better
match users and ads. These initiatives are
helping the company take market share
Best Online Bonds Broker
6
rebounding from the previous day, as expected. Chairman Powell Nasdaq Composite closed up 1.8% on a strong day low, a high-teens VIX would be fairly nor- from rivals, writes Mizuho analyst James
week’s declines. The Dow Jones sounded less hawkish than feared at for growth shares. mal,” says David Miller, co-founder of Cata- Lee, and helping to boost sales.
Industrial Average jumped 1.6%. his press conference. Bonds rallied. lyst Capital Advisors. “You can expect an 18 Meta has also kept costs in check, leading Interactive Brokers’ Bond Marketplace offers over
to 19 VIX level.” to better profit margins and powering earn-
4 one million global bonds, with no mark-ups or
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
Fasten your seat belts. It’s going to be a ings to $4.39 a share, more than double the
bumpy ride. previous year and well above estimates for spreads and low, transparent commissions.
$3.64. One wrinkle, to be sure, was the com-
2 The Most Promising Tech Stock pany’s warning about slower ad spending in
Technology stocks have gotten hit—but not the coming quarters, as brands prepare for
Strong Finish all of them equally. It’s time to take a look at waning consumer demand in the face of Try our free Bond Search tool to compare available
October jobs data released on Friday Facebook parent Meta Platforms. elevated interest rates.
morning showed a gain of 150,000
0 Accelerating profits had driven the sec- Still, Wall Street is confident in Meta’s
yields against those of other brokers.
nonfarm payrolls last month.
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
tor higher earlier this year, but third-quarter earnings outlook, with consensus estimates
Stocks and bonds rallied to end earnings results haven’t been strong enough for 2024 profits up about 0.4% since before
their best week in a year. to provide a meaningful boost to tech, or the earnings release. Overall, “these trends
-2 tech-adjacent, stocks. Case in point: Alpha- give us more confidence in multiyear reve- The best-informed investors choose Interactive Brokers
Monday Tuesday Wednesday Thursday Friday Close bet (GOOGL), which is down about 6% nue growth,” writes Morgan Stanley analyst
Source: Barron’s Statistics since it reported better-than-expected earn- Brian Nowak.
ings on Oct. 24 after gaining 50% to start the Analysts expect midteens annualized
T
year. The Technology Select Sector SPDR earnings growth over the next two years,
he market’s fear the degree of uncertainty, fell to 14.9, 0.3% on average, according to Evercore exchange-traded fund (XLK) is down about which should pump the stock higher, espe-
vidual stocks to and learned to love the market again. the historical average of 4.1 points,
earnings has been The contrast with individual stocks while the gain is smaller and the loss
Vital Signs ibkr.com/bestbonds
Friday’s Week’s Week’s Friday’s Week’s Week’s
anything but. Don’t could hardly be greater. While market is bigger than they typically have been. Close Change % Chg. Close Change % Chg.
Booms, but
DJ Utilities 860.05 +47.16 +5.80 Barron’s 400 962.18 +54.21 +5.97
The S&P 500 index rose 5.9% this ing all over the place. Roku (ticker: panies have beaten estimates by 6.9%
DJ 65 Stocks 11200.66 +604.13 +5.70 Last Week Week Earlier Rated Best Interactive Brokers
past week, its best week since November ROKU), Shopify (SHOP), and Palan- so far this reporting season, per Ever- DJ US Market 1061.30 +59.72 +5.96 NYSE Advances 2,665 827 Online Broker 2023 Rated #1 ... Again
2022, while the Dow Jones Industrial tir Technologies (PLTR) gained more core, as sales have come in slightly
Earnings Average advanced 5.1% and the Nasdaq
Composite gained 6.6% after the Fed-
than 20% after their reports, while
Paycom Software (PAYC), ON Semi-
ahead of forecasts and profit margins
have been higher than expected. The
NYSE Comp.
NYSE Amer Comp.
S&P 500
15475.20
4586.04
4358.34
+799.42
+124.47
+240.97
+5.45
+2.79
+5.85
Declines
Unchanged
New Highs
347
38
122
2,171
60
42
for Bonds
by Benzinga1
Best Online Broker
2023 by Barron’s2
Trouble
Nasdaq 13478.28 +835.27 +6.61 Dollar (Finex spot index) 105.07 106.56 provided upon request. [1] Rated best online broker for bond brokers according to Benzinga - Best Online
showed the labor market cooling. On average, though, the market has reflecting these profits, and investors Value Line (arith.) 8869.49 +559.06 +6.73 T-Bond (CBT nearby futures) 113-21 109-16 Brokers for Bonds, February 22, 2023. [2] Interactive Brokers rated #1, Best Online Broker according to
No wonder the Cboe Volatility done more punishing than rewarding. are always looking to the future. Russell 2000 1760.70 +123.77 +7.56 Crude Oil (NYM light sweet crude) 80.51 85.54 Barron’s Best Online Brokers Survey of 2023: June 9, 2023. For more information see, ibkr.com/info -
Ahead
DJ US TSM Float 43318.66 +2471.62 +6.05 Inflation KR-CRB (Futures Price Index) 281.77 285.10 Barron’s is a registered trademark of Dow Jones & Co. Inc.
Index, or VIX, which measures ex- Shares of companies that beat earnings “What I believe is driving the vola- 09-IB23-1651
Gold (CMX nearby futures) 1991.50 1988.60
pected S&P 500 volatility and signals and sales estimates have advanced just tility is that [earnings] growth is priced
30 BARRON’S November 6, 2023
Industry Action
Performance of the Dow Jones U.S. Industrials, ranked by weekly percent change.*
FINANCIAL SECTOR OF
Consumer Goods 4.78
Health Care 3.50
Shares trade at just under 18 times earnings- below about 56%, except during extreme
Visit www.sectorspdrs.com or call 1-866-SECTOR-ETF
per-share estimates for the next 12 months, events such as the lockdowns in early 2020.
roughly in line with the S&P 500’s multiple, Because people already own tons of cash
An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a even though the index is expected to grow and less stock, a reversal seems in store. One
prospectus, which contains this and other information, call 1-866-SECTOR-ETF or visit www.sectorspdrs.com. Read the earnings at about half Meta’s pace. reason: As interest on the cash pours in,
prospectus carefully before investing. That should keep market participants investors have to decide what to do with that
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 buying the stock for some time. money, and given the outlook for monetary
results in greater price fluctuations than the overall stock market. Ordinary brokerage commissions apply. policy, stocks could be the way to go.
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. Cash Is No Longer King Already, the flow of money into cash-like
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. Cash has been king since the Fed began its investments is waning. The trailing four-
fight against inflation, while stocks have week average of net movement into short-
taken a dive. Now, the appeal of cash is fad- term Treasury bill funds this past week
ing, and a select group of stocks looks more was about $2 billion, a number that has
interesting. consistently declined from the peak of
Since the start of 2022, just over a net almost $6 billion this year.
$80 billion of Bank of America private- So, how about that stock market?
client money has flowed into short-term It might perform well enough over the
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
Treasury funds, according to the bank. The next few months as signs that the economy
rush came as the Fed was lifting short-term is slowing down raise expectations that the
Finder,
interest rates, causing yields on short-term Fed could cut interest rates within a year.
Treasury debt to spike and forcing banks to The rate of inflation is on the decline.
offer higher yields on deposits. Lower inflation, and the reduced interest
The one-month Treasury bill has soared rates it can bring, are what the stock market
to about 5.3% at times, putting it near its wants to see. The S&P 500 averages a 9.5%
highest level since 2007. That is attractive, annualized gain in each month leading up
Keepers.
given that it’s comfortably above the recent to a rate cut after the final increase in a
rate of inflation. And stocks, after all, can tightening cycle, according to Evercore.
fall at any time. That equates to a 0.8% gain each month.
People have rushed so much into cash- Rate cuts tend to come when the economy
like investments that their portfolios have is under threat, so it is the defensive sectors
become bloated with them. Cash consti- that perform the best over those stretches.
Barron’s Advisor Finder matches Barron’s ambitious readers tutes about 13% of the average BofA Communications services companies—think
with your financial expertise. Get found, meet prospective clients, private-client portfolio right now, up from AT&T (T) and Verizon Communications
and let Barron’s Advisor help grow your business. about 10% in early 2022. Historically, cash (VZ)—as well as those in healthcare, utilities,
as a share of investors’ holdings has tended and consumer staples, tend to thrive in rela-
to decline when it gets this high. tive terms because people need their prod-
While people were rushing into cash- ucts even when times are harder.
like investments, stocks were getting The average annualized gain for S&P 500
crushed. The S&P 500 is still 13% below communications names from when the Fed
Join Now the record high it hit in early 2022, months
before the Fed started raising interest rates
makes its final increase of a cycle to its first
cut is about 22%. That’s about a 1.8% gain
Barrons.com/AdvisorFinderApply
to reduce demand for goods and services. each month. Utilities average an annualized
Equity allocations among BofA clients gain of just under 20%, while healthcare
have dropped to about 58% of portfolios and staples are at about 15%.
© 2023 Dow Jones & Company, Inc. All rights reserved. 2E288
from a recent peak of 66%. They rarely go That’s better than money in the bank. B
November 6, 2023 BARRON’S 31
INTERNATIONAL TRADER
Japan Plots Comeback
In Chip-Making Business
BY CRAIG MELLOW In Phoenix, Taiwan Semi has to build
first and qualify for Chips Act funding
D
oes Japan do it better? This later. In theory, that would bar it from
burning question of the 1980s building anything in China over the next
may be returning in a new decade, though a waiver is expected. “The
context: luring semiconductor U.S. approach is more ambitious, but
investment. Japan’s more focused strategy is more
Japan has even more ground than the likely to succeed,” says Mario Morales,
U.S. to regain in the chip-making game. who heads semiconductor research at
In 1990, the country produced half of the consultant IDC.
world’s semiconductors. That’s about 10% Japan has maintained global leadership
now. Its most advanced “fabs” can produce at key points in the chip supply chain,
40-nanometer chips, reports the Center particularly equipment and chemicals.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
for Strategic and International Studies. Other links, like testing and packaging,
State of the art is 3 nm. can be sourced relatively nearby. “All that
Tokyo, like Washington, has big plans lives in Asia,” Morales says. “The Chips
to do better. Its 2022 Economic Security Act doesn’t address the supply chain.”
and Promotion Act was roughly equivalent A centralized Japanese government can
to the U.S. Chips and Science Act. Prime smooth over roadblocks that have become
Minister Fumio Kishida’s government endemic to building anything big and
aims to triple sales of domestically pro- complicated in the multijurisdictional,
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
duced chips by 2030 to 115 trillion yen litigious U.S.—from providing a commu-
($762 billion). It has already committed nity playground to fighting environmen-
JPY1 trillion or so in subsidies. tal lawsuits. “We need to revisit 1970s’
Japan does seem to have taken an early environmental laws to make them more
lead in the new semiconductor race. Global streamlined and predictable,” says Sujai
giant Taiwan Semiconductor Manufac- Shivakumar, head of CSIS’ Renewing
turing (ticker: TSM) is ahead of schedule American Innovation Project.
on a new fab in the southwestern city of Japan, after decades of deflation, is also
Kumamoto and planning a second one. cheaper on key inputs like construction
Production at its megaproject outside and labor, notes Christopher Miller, a The most influential people in markets. From Wall Street
Phoenix was lately delayed by a year until Tufts Fletcher School professor who
2025. CEO Mark Liu cited an “insufficient studies the chip sector.
to Washington, Silicon Valley and Reddit—the investors,
number of skilled workers.” Japan Inc. does have its own long-ball
There’s an apples-to-oranges element ambitions in semiconductors. A dozen top
CEOs, policymakers, AI players and influencers who are
in this comparison. Japan is looking to hit names are teaming with U.S.-domiciled
impacting markets and your money.
a solid single—manufacturing relatively IBM (IBM) and the government on a new
thick microchips to supply its electronics venture called Rapidus, which promises
and auto industries today. The U.S. is to produce 2-nm chips by 2027. Shivaku-
swinging for the fences: churning out mar is skeptical. “This looks like a bit of a
the ultrathin chips of tomorrow in Hail Mary pass, trying to leapfrog several
Arizona. generations of technology,” he says.
Still, Japan may be more on the right The same might be said of both coun-
track. Taiwan Semi is financing its Kuma- tries’ overarching goal of a semiconductor
moto fab jointly with two core customers, industry buffered from Taiwan’s unique
Sony Group (6758.Japan) and auto-parts vulnerabilities. “You can bet that the most
powerhouse Denso (6902.Japan). The advanced stuff will still be made in Tai- © 2023 Dow Jones & Co, Inc. All rights reserved. 2DJ5004
government is kicking in close to JPY500 wan,” Morales says.
billion. It’s still worth trying. B
32 BARRON’S November 6, 2023
T H E ST RIKING PRIC E
Anyone who feels compelled to invest in
stocks right now should focus on companies
with powerful fundamentals, such as Microsoft.
N
162
o one can accurately predict themes: cloud computing and artificial 17
137
whether the Middle East conflict intelligence, which are revolutionizing 112
will spark a much larger war how people work and live. 87
that sends stocks sharply lower. Microsoft is one of the few S&P 500 11 62
That makes financial markets even more stocks that have led the market higher this D J F M A M J J A S O N D J F M A M J J A S O N
difficult to forecast. year. A lot of investors are concerned that Daily Values Source: CBOE Source: McMillan Analysis Corp.
Yet all investors recognize this fact: major technology stocks have advanced
Stocks rise over time, and certain seasonal too far given these unforgiving macro con-
factors tend to occur each year. By focus- ditions, but, given the company’s strategic SPX Skew NDX Skew
ing on these facts, rather than trying to position, it is hard to see valuation con- Implied volatility % Implied volatility %
make short-term predictions, investors can cerns dramatically damaging Microsoft’s 13% 11%
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
6
By January, however, many of those gressive investors can sell the November
same investors, as well as many nonpro- $340 put option for about $1.52. A cash-se- 5 5
fessionals, become more optimistic. They cured put sale positions investors to buy D J F M A M J J A S O N D J F M A M J J A S O N
often return to the markets from the win- the stock at an effective price of $338.48. Source: Credit Suisse Equity Derivatives Strategy Source: Credit Suisse Equity Derivatives Strategy
ter holidays far more eager to buy stocks The trade’s risk: the stock plummets Skew indicates whether the options market expects a stock-market advance or decline. It measures the difference between the implied
volatility of puts and calls that are 10% out of the money and expire in three months. Higher readings are bearish.
than to sell them. The reason is elemental: below the strike price, obligating investors
It’s a new year, and most investors, like to buy the stock at the $340 strike price or
most people, are optimistic by nature. to adjust the trade to avoid assignment. Week’s Most Active
January also happens to be one of the Only consider the move if you are willing Company Symbol Tot Vol Calls Puts Avg Tot Vol IV %ile Ratio
biggest months in the investment marketing to own the stock for three to five years. Kaixin Auto KXIN 17420 10266 7154 68 95 256.2
Cellectis SA CLLS 2711 1839 872 24 96 113.0
calendar. Strategists heavily promote their In anticipation that bearish fears turn to IQVIA IQV 56680 29799 26881 2072 29 27.4
2024 market outlooks, which invariably bullish greed, aggressive investors can sell Skyline Champion SKY 12550 981 11569 580 9 21.6
include stock recommendations. Everyone Microsoft’s January $335 put for about Healthcare Realty Trust HR 31769 31099 670 1492 33 21.3
API Group APG 4452 70 4382 216 93 20.6
will make reasoned, optimistic predictions $6.40 and buy the January $355 call option Alight ALIT 3668 3015 653 196 7 18.7
in published commentary and at in-person for about $14.20. Paycom Software PAYC 78179 28402 49777 4376 37 17.9
events. The pushback against the recom- The risk-reversal strategy—selling a put ZoomInfo Technologies ZI 107375 15848 91527 9464 39 11.3
Procore Technologies PCOR 9129 3391 5738 824 8 11.1
mendations is minimal, if at all, because the and buying a call with a higher strike price
Owens & Minor OMI 5423 4841 582 560 100 9.7
new year is beginning and there is a sense and the same expiration—positions inves- Expeditor’s International EXPD 9375 8628 747 992 81 9.5
that anything is possible. tors to buy the stock lower and to benefit Remitly Global RELY 7073 4115 2958 772 30 9.2
If many investors are sitting on cash from any rallies. During the past 52 weeks, Coherus Biosciences CHRS 13390 12555 835 1488 87 9.0
Entegris ENTG 32762 9620 23142 3708 32 8.8
and not buying securities, the Wall Street Microsoft’s stock has ranged from $213.43 Navitas Semiconductor NVTS 9608 8531 1077 1120 99 8.6
bull chorus might be unusually loud this to $366.78. Zeta Global ZETA 8796 3619 5177 1100 3 8.0
January. The Street, after all, doesn’t re- The strategies are intended to provide Verve Therapeutics VERV 6813 3817 2996 864 98 7.9
Six Flags SIX 24249 13655 10594 3276 29 7.4
ally make any money from investors hold- investors with definable risks, and poten- Henry Schein HSIC 13022 2753 10269 1944 98 6.7
ing cash. tial rewards, when the world and markets
Anyone who feels compelled to invest are dangerous. Time, and smart technol- This table of the most active options this week, as compared to average weekly activity – not just raw volume. The idea is that the unusually heavy trading in these options might be a predictor of
corporate activity – takeovers, earnings surprises, earnings pre-announcements, biotech FDA hearings or drug trial result announcements, and so forth. Dividend arbitrage has been eliminated. In
in stocks should focus on companies with ogy, heal many wounds, no matter how short, this list attempts to identify where heavy speculation is taking place. These options are likely to be expensive in comparison to their usual pricing levels. Furthermore, many of these
situations may be rumor-driven. Most rumors do not prove to be true, so one should be aware of these increased risks if trading in these names
powerful fundamentals. Consider Micro- deep or violent. B 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. Source: McMillan Analysis
November 6, 2023 BARRON’S 33
I N S I DE SC OOP
hit hard by the strikes that have POWER PLAY
closed production in the entertain-
Peltz Tries
ment industry for the past several
months. Endeavor stock has gained
about 6% so far this year.
Azenta (AZTA)
Again for a
Sherwin-Williams Beats,
Politan Capital owns 4,578,003
shares of the life-sciences company,
equal to 7.6% of the tradable stock.
Politan and Azenta entered into a
nondisclosure agreement as the two
Disney Seat
And an Outgoing CEO Buys discuss its operations, strategy, and
corporate governance. Politan also BY CARLETON ENGLISH
I
submitted notice to Azenta on Oct.
30 that it intends to nominate can- t’s going to be an action-
didates to Azenta’s board, includ- packed few weeks at Walt
BY ED LIN with the Securities and Exchange ing Managing Partner and Chief Disney—and it has nothing
S
Commission, Morikis now owns Investment Officer Quentin Koffey, to do with the latest Marvel
herwin-Williams stock 317,270 shares in a personal account, at the upcoming annual sharehold- Entertainment film due out
has been having a flattish 57,373 shares through the company’s ers meeting. Azenta just had a this month.
2023, and outgoing chair- 401(k) plan, and another 48,695 Sherwin-Williams change in the C-suite. Herman Disney (ticker: DIS) re-
man and CEO John G. shares through a trust. CEO John Morikis Cueto joined Azenta as chief finan- ports fiscal-fourth-quarter earnings
Morikis bought a large Sherwin-Williams didn’t respond bought $505,000 cial officer, effective on Oct. 16. He on Wednesday just after Nelson
block of shares of the paint to a request to make Morikis available worth of the paint succeeded Lindon Robertson, who Peltz’s investment firm Trian Fund
and coatings maker the day for comment. He last bought stock on maker’s shares. retired. Management relaunched its cam-
after it reported strong earnings. the open market in January, when he The stock has paign against the entertainment
Sherwin-Williams (ticker: SHW) paid $500,325 for 2,207 shares, an been flat, even and media conglomerate, this time
reported third-quarter earnings and average price of $226.70 each. though Sherwin
Increases in with powerful backing.
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sales on the morning of Oct. 24 that Sherwin-Williams announced on raised guidance. Former Marvel executive Isaac
beat Wall Street expectations. The
company also raised guidance, but
noted that North American do-it-
Oct. 11 that President and Chief Oper-
ating Officer Heidi Petz would become
CEO, effective on Jan. 1. Morikis will
Holdings “Ike” Perlmutter has entrusted his
stake to Trian, giving Peltz a leg up
in its attempt to win seats on Dis-
yourself customers remain under become executive chairman. Dril-Quip (DRQ) ney’s board.
pressure. “[W]e continue to see “Petz is not a Sherwin-Williams Gamco Investors (GBL) lifted its “While I was a Disney employee,
opportunity amid uncertainty,” lifer, which we believe could bring interest in the maker of equipment I was not comfortable publicly stat-
said Morikis in the earnings release. some new perspectives,” wrote Sea- and technology for the energy in- ing my views on the company and
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
The next day, Morikis paid port Research Partners analyst Mi- dustry to 2,417,277 shares after a its performance,” Perlmutter said
$505,000 for 2,125 Sherwin-Williams chael J. Harrison in a report. He rates series of sales and buys during the in a statement in which he urged
shares, an average price of $237.60 Sherwin-Williams stock a Buy, with past two months. As Dril-Quip Disney to welcome Trian’s nomi-
each. According to a form he filed a $305 price target. B stock traded from $22.75 to $30 nees to the board. “I believe Nelson
each, Gamco sold 29,950 Dril-Quip and Trian can help Disney’s leader-
shares from Sept. 5 through Oct. 25, ship better navigate the company’s
and purchased 56,834 Dril-Quip challenges and opportunities.”
shares from Sept. 1 through Oct. 27. Perlmutter said in April that
government clients, as artificial intelligence helped lift quarter’s cash profit, to 41 cents a share, it said September quarter, yielding $1.06 a share in profit. drugs, the insulin pump vendor reported nearly 30%
sales 17% in the data analytics firm’s quarter. orders and sales are cooling—after a two-year spurt. It foresees profit growth of 15% to 20%. in sales growth, and 74 cents a share in earnings.
3 42 82 123
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. If the close from the current week is lower than a year ago the graph will be presented in red. If the close from the current week is higher than a year ago then the graph will be presented in green.
November 6, 2023 BARRON’S 35
W I N N E R S & LO S E R S
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at Barrons.com/newsletters
NYSE Biggest % Movers NYSE Most Active NYSE American Most Active Nasdaq Most Active
Winners Volume Percentage Leaders Volume Percentage Leaders Volume Percentage Leaders
Name (Sym) Volume Close Change %Chg. Name (Sym) Volume %Chg. Close Change Name (Sym) Volume %Chg. Close Change Name (Sym) Volume %Chg. Close Change
Lemonade(LMND) 21035 17.32 +6.75 +63.9 ConcordAcqnIII A(CNDB) 3207 3930.8 10.72 +0.05 HNR Acqn(HNRA) 705 647.3 10.88 –1.24 InvestcorpEur I A(IVCB) 6131 9667.9 10.95 +0.02
Cooper-Standard(CPS) 1594 18.31 +6.11 +50.1 TristarAcqnI(TRIS) 2252 1153.2 10.76 +0.03 EvansBancorp(EVBN) 150 227.2 26.00 +0.30 OmniLitAcqnA(OLIT) 3629 6163.7 9.30 –1.20
Owens&Minor(OMI) 5501 19.71 +5.84 +42.1 M3-Brigade II A(MBAC) 554 1113.9 10.44 –0.01 WilliamsRowland(WRAC) 80 165.9 10.55 0.00 Puyi(PUYI) 380 1332.8 5.04 –0.95
Hippo(HIPO) 861 9.78 +2.70 +38.1 PaycomSoftware(PAYC) 22362 744.9 159.02 –81.32 MastechDigital(MHH) 77 102.5 8.64 –0.26 AltEnergyA(AEAE) 303 747.5 10.67 +0.15
ProtoLabs(PRLB) 1123 31.69 +8.41 +36.1 CedarFairRec(FUN) 5661 684.6 38.25 +3.82 GranTierraEner(GTE) 2997 86.0 6.94 +0.76 SareptaTherap(SRPT) 37051 707.2 78.01 –28.82
FathomDigital(FATH) 24 4.29 +1.13 +35.7 ShoulderUpTechA(SUAC) 403 355.5 10.58 0.00 Espey(ESP) 57 83.0 17.13 +1.42 FoxFactory(FOXF) 7733 694.5 60.53 –20.37
PitneyBowes(PBI) 11697 4.11 +1.05 +34.3 AresAcqnA(AAC) 1880 327.1 10.77 +1.02 ActiniumPharm(ATNM) 1424 67.7 4.76 –0.64 CartesianGrwIIA(RENE) 2177 693.2 10.87 +0.02
GraniteConstr(GVA) 3543 45.93 +11.66 +34.0 BarnesGroup(B) 5526 314.1 22.48 +2.34 MAG Silver(MAG) 4591 61.2 10.82 +0.14 CapStarFin(CSTR) 1788 673.1 16.23 +1.16
HeliosTech(HLIO) 2102 311.7 44.01 –6.77 BattalionOil(BATL) 135 57.6 6.27 +0.07 IsraelAcqns(ISRL) 631 564.6 10.61 +0.03
Losers BILL(BILL) 34631 308.4 66.93 –22.59 SkyHarbour(SKYH) 166 50.8 6.68 +0.92 Confluent(CFLT) 94105 412.7 17.75 –9.47
Name (Sym) Volume Close Change %Chg.
CenterraGold(CGAU) 3224 306.2 6.02 +0.76 ImperialOil(IMO) 3396 46.7 57.48 –0.17 DistokenAcqn(DIST) 147 400.0 10.59 +0.01
WeWork(WE) 24669 0.84 –1.60 –65.8 SpiritAirlines(SAVE) 34256 279.4 11.26 –3.43 M-tronInds(MPTI) 172 29.0 26.05 +4.96 EvergreenA(EVGR) 447 392.6 11.04 –0.01
PaycomSoftware(PAYC) 22362 159.02 –81.32 –33.8 ING Groep(ING) 46136 276.0 13.26 +0.63 ViveonHealth(VHAQ) 49 10.9 11.35 –0.03 PearlHldgsAcqnA(PRLH) 1697 369.9 10.77 +0.03
LifezoneMetals(LZM) 310 7.08 –2.92 –29.2 ChurchillVI A(CCVI) 1818 259.4 10.47 0.00 AdamsRscs(AE) 42 8.3 32.80 +1.00 ALSPOrchidI A(ALOR) 138 358.2 10.95 –0.01
BILL(BILL) 34631 66.93 –22.59 –25.2 Civeo(CVEO) 532 258.8 22.11 +2.82 CheniereEnergy(LNG) 7176 2.3 173.59 +6.73 ArmadaAcqnI(AACI) 115 354.6 10.70 +0.05
SpiritAirlines(SAVE) 34256 11.26 –3.43 –23.3 CanadaGoose(GOOS) 15859 242.2 10.40 –0.92 InfuSystems(INFU) 206 –1.8 9.65 –0.17 SiliconLabs(SLAB) 7637 327.1 91.54 –3.37
CanoHealth(CANO) 998 10.21 –3.00 –22.7 SixFlags(SIX) 31320 239.2 23.99 +5.12 RadiantLogistics(RLGT) 722 –3.1 6.14 +0.50 LatticeSemi(LSCC) 33777 305.1 57.63 –12.50
AnnovisBio(ANVS) 687 6.37 –1.64 –20.5 Franco-Nevada(FNV) 7494 239.1 124.69 –12.78 AcmeUnited(ACU) 42 –3.6 33.09 +2.69 Paylocity(PCTY) 6338 295.5 145.26 –29.14
agilon health(AGL) 29118 14.66 –3.40 –18.8 AnnovisBio(ANVS) 687 234.4 6.37 –1.64 NatlHealthcare(NHC) 157 –3.8 70.92 +4.82 WesternDigital(WDC) 69550 286.2 43.01 +4.04
SiteOneLandscape(SITE) 4034 233.9 127.79 –5.91 51TalkOnlineEd(COE) 25 –5.2 7.75 –0.25 ON Semi(ON) 101011 284.3 68.25 –15.27
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. PalantirTech(PLTR) 419446 18.89 +3.82 +25.3 Tellurian(TELL) 161245 0.61 –0.04 –6.8 Tesla(TSLA) 621100 219.96 +12.66 +6.1
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Northann(NCL) 473 16.52 +7.40 +81.1 FordMotor(F) 391756 10.56 +0.60 +6.0 DenisonMines(DNN) 48609 1.60 +0.07 +4.6 AdvMicroDevices(AMD) 398697 112.25 +15.82 +16.4
M-tronInds(MPTI) 172 26.05 +4.96 +23.5 BankofAmerica(BAC) 261175 28.42 +3.25 +12.9 B2Gold(BTG) 47499 3.35 +0.10 +3.1 SoFiTech(SOFI) 318888 8.01 +1.14 +16.6
Neuraxis(NRXS) 283 2.50 +0.40 +19.0 LumenTech(LUMN) 247609 1.12 –0.21 –15.8 AultAlliance(AULT) 41160 0.12 –0.02 –14.9 Apple(AAPL) 309365 176.65 +8.43 +5.0
ArenaGroup(AREN) 138 3.86 +0.57 +17.3 AT&T(T) 195601 15.88 +1.06 +7.2 UraniumEner(UEC) 37189 5.78 +0.28 +5.1 Amazon.com(AMZN) 281341 138.60 +10.86 +8.5
SkyHarbour(SKYH) 166 6.68 +0.92 +16.0 NIO(NIO) 188254 8.23 +0.79 +10.6 Cybin(CYBN) 32951 0.60 –0.02 –3.8 NVIDIA(NVDA) 216985 450.05 +45.05 +11.1
Oragenics(OGEN) 38 3.79 +0.42 +12.5 Kenvue(KVUE) 173550 19.37 +1.16 +6.4 NewGold(NGD) 26210 1.27 +0.07 +5.8 Nikola(NKLA) 215333 1.14 +0.11 +10.7
GranTierraEner(GTE) 2997 6.94 +0.76 +12.3 Pfizer(PFE) 155856 31.26 +1.15 +3.8 Globalstar(GSAT) 25377 1.42 +0.12 +9.2 AmerAirlines(AAL) 192886 11.98 +1.06 +9.7
MobileInfr(BEEP) 117 4.14 +0.44 +11.9 Carnival(CCL) 154126 12.55 +1.42 +12.8 TrioPetroleum(TPET) 24414 0.41 –0.07 –14.9 Intel(INTC) 185479 38.14 +2.60 +7.3
Pinterest(PINS) 140328 30.94 +6.58 +27.0 Zomedica(ZOM) 22486 0.19 +0.03 +19.3 Rivian(RIVN) 163071 17.71 +1.70 +10.6
Losers NuHoldings(NU) 135961 8.48 +0.47 +5.9 Parts Id(ID) 15555 0.14 +0.03 +22.7 LumiraDx(LMDX) 141172 0.09 –0.03 –25.4
Name (Sym) Volume Close Change %Chg.
Verizon(VZ) 134723 36.02 +2.58 +7.7 CamberEnergy(CEI) 14959 0.35 –0.02 –5.6 Lucid(LCID) 139327 4.62 +0.58 +14.4
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
BlueRidgeBkshs(BRBS) 1475 2.23 –0.89 –28.5 Snap(SNAP) 126936 10.72 +1.42 +15.3 AvinoSilver(ASM) 11150 0.48 –0.03 –6.7 Alphabet A(GOOGL) 138694 129.10 +6.93 +5.7
CalidiBiotherap(CLDI) 303 1.95 –0.40 –17.0 ExxonMobil(XOM) 126166 107.78 +2.23 +2.1 EnergyFuels(UUUU) 11040 7.94 +0.42 +5.6 OpendoorTech(OPEN) 137025 2.09 +0.01 +0.5
ActiniumPharm(ATNM) 1424 4.76 –0.64 –11.9 LufaxHolding(LU) 119870 1.10 +0.15 +15.8 EquinoxGold(EQX) 10922 4.88 +0.27 +5.9 CanopyGrowth(CGC) 127622 0.63 +0.12 +23.9
NewFoundGold(NFGC) 2555 3.81 –0.46 –10.8 Vale(VALE) 119376 14.53 +1.04 +7.7 RingEnergy(REI) 10563 1.71 –0.09 –5.0 JetBlue(JBLU) 127022 4.39 +0.26 +6.3
RegionalHealth(RHE) 34 1.88 –0.22 –10.7 Block(SQ) 116741 48.68 +8.66 +21.6 GeniusGroup(GNS) 9975 0.64 –0.05 –7.2 Microsoft(MSFT) 119062 352.80 +22.99 +7.0
HNR Acqn(HNRA) 705 10.88 –1.24 –10.2 fuboTV(FUBO) 110698 3.00 +0.75 +33.3 i-80Gold(IAUX) 9901 1.46 –0.01 –0.7 WarnerBrosA(WBD) 115857 11.77 +2.22 +23.2
HoustonAmEner(HUSA) 1052 1.99 –0.17 –7.9 Shopify(SHOP) 107659 61.47 +15.07 +32.5 enCoreEnergy(EU) 9807 3.19 –0.03 –0.9 Alphabet C(GOOG) 115425 130.37 +6.97 +5.6
Servotronics(SVT) 33 9.30 –0.79 –7.8 Uber(UBER) 106415 47.75 +6.52 +15.8 Ur-Energy(URG) 9620 1.58 +0.08 +5.3 DraftKings(DKNG) 115254 33.75 +7.11 +26.7
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
36 BARRON’S November 6, 2023
RE SEARCH REPORTS
For a look back at more analyst
research and reports, go online to
barrons.com/researchreports.
investment-banking
nificant optionality remaining. Conoco point and/or tangible progress toward column includes only open-market and private sales, and excludes trades preceded by option exercise in the 12 months prior to the reported event. Source: Thomson Reuters
or other services to increased its dividend and remains inventory reduction and margin im-
the companies being committed to its shareholder return provement while maintaining market
analyzed. framework. We expect Conoco to share before becoming more construc- Insider Transactions Ratio
return $11 billion to shareholders in tive on the stock. Price target: $77,
40
2023, representing 54% of our esti- down from $187.
mated cash flow from operations. We
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$137, based on 5.5 times our 2025 Buy • Price $94.84 on Nov. 3 Bearish
enterprise value to Ebitda forecast. by Benchmark 20
We initiate coverage of CooperCompa- ourselves in a market where cash flow Ratio of Insiders Sales to Buys. Readings under 12:1 are Bullish. Those over 20:1 are Bearish. The total top 20 sales and buys are
nies [medical devices maker] with a and buybacks appear to be being pri- 132,990,131 and 23,110,669 respectively; Source: Thomson Reuters
Buy rating and a price objective of oritized over growth, and on that
$380, implying 24% upside. Cooper is front, Expedia didn’t disappoint, an-
the second-largest contact-lens manu- nouncing a new, $5 billion share re-
facturer (26% share) and is better posi- purchase program, or more than a base-case macro forecast for 2024 is management’s openness about poten-
tioned than its three main competitors third of the entire current market cap. that the U.S. experiences at least a tial mergers and acquisitions to eclipse
to capitalize on favorable industry We have followed CEO Peter Kern for mild recession, and we’re leaning into $100 billion in assets. Price target:
trends, in our view. Cooper’s fertility quite some time and note that he has more-defensive names for our bank $14.
business is underappreciated but never been shy about putting com- group; First Horizon exhibits the
should deliver accretive sales growth. pany money where his mouth is, espe- characteristics we’re favoring in this Block • SQ-NYSE
The stock is down 19% since August, as cially if there is a significant perceived backdrop. We believe that First Hori- Buy • Price $43.98 on Nov. 3
investors believe the company’s 2024 valuation gap. And at a time when zon is well positioned to navigate by Jefferies
earnings-per-share guide will fall short guidance was still reiterated for the through a potential recession, given its
of Street expectations. But we think year, and shares trading by our math high capital ratios relative to peers, Although we don’t expect the debate
that is already priced into the stock, at under four times estimated 2024 strong tangible book value growth, around the stock to quiet, we believe
and the guidance should reset expecta- adjusted Ebitda, now certainly looks and attractive valuation, especially that the quarter supplied far more
tions and make upside more likely. and feels like a good time to be aggres- when taking into account loan and incremental positives than negatives.
sive with a buyback program. Price securities fair value marks. We believe An inflection to meaningful GAAP
SolarEdge • SEDG-Nasdaq target: $160. that capital ratios and tangible book profitability is on the horizon as
Neutral/High Risk • Price $75.79 on Nov. 1 value will become a bigger focal point Block enters a new era of discipline,
by Citi Research First Horizon • FHN-NYSE of investors in 2024 as credit quality and for all the concerns about struc-
Outperform • Price $11.43 on Nov. 3 potentially weakens for the bank tural growth heading into the print,
We are downgrading SolarEdge to by Wedbush group and new capital rules are imple- Block will exit the year growing gross
Neutral/High Risk. Though we ex- mented. We believe that First Horizon profits nearly 20% year over year,
pected this to be a rough quarter for We’re upgrading First Horizon to Out- could be an acquisition target, given while trading at fewer than 10 times
SolarEdge and residential solar in perform from Neutral and adding it to the recent termination of the TD deal, our new fiscal-2026 GAAP Ebitda.
general, the situation is much worse the Wedbush Best Ideas List. Our its below-average TBV valuation, and Price target: $60.
November 6, 2023 BARRON’S 37
Barron's 50-Stock Average 53 Dow Jones Averages 49 Money Rates, U.S. & Foreign 51 Vital Signs 29
DATA
Cash Track 47 Dow Jones Per Share Values 50 Mutual Funds 47 Week In Stocks 50
Charting the Market 34 Exchange Traded Portfolios 46 N.Y. Stock Exchange 37 Weekly Bond Statistics 52
Coming Earnings 51 Federal Reserve Data Bank 52 Nasdaq National Market 41 Winners & Losers Stocks 35
Conference Call Calendar 52 Foreign Exchange 51 New Corporate Listings 50
Consensus Estimate 51 Gold & Silver Prices 52 New Highs & Lows 53
Delta Tactical Sentiment 51 Gold Mining Index 52 NYSE Half-Hourly Volume 50
Distributions & Offerings 53 Indexes P/Es & Yields 50 Other Market Indexes 49
Dividend Boosts - Reductions 52 Initial Public Offerings 50 Pulse of the Economy 51
Dividend Ex-Payment Dates 52 Investor Sentiment Readings 50 Stock Splits - Special Dividends 52
DJ Averages 49 Key Foreign Market Indexes 45 Stock Volume 50
Contact Us
DJ U.S. Total Market Industry Groups 51 Market Lab 49 Trading Diary 49 For queries, email us at
Statistics from Oct. 30-Nov. 3, 2023 memberservices@dowjones.com
NEW YORK STOCK EXCHANGE COMPOSITE LIST - NEW HIGHS - NEW LOWS
–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.
70.63 27.92 Alteryx AYX ... dd 32.74 +1.28 ... 18.22 13.66 AppleHospREIT APLE 5.7 24 16.86 +1.93 .08 2750.00 2277.88 AutoZone AZO ... 19 2574.54 +128.37 ... 467.95 271.00 Bio-RadLab B BIO.B ... dd 273.00 +2.00 ...
A
5.57 2.01 AlticeUSA ATUS ... dd 2.90 +0.19 ... 164.82 116.94 AppliedIndlTechs AIT .9 17 157.10 +6.35 .35 198.66 153.07 Avalonbay AVB 3.9 26 171.32 +8.73 1.65 42.51 35.83 Birkenstock BIRK ... 45 41.16 +3.09 ...
63.88 41.17 AAR AIR ... 33 62.95 +6.01 ... 48.11 39.07 Altria MO 9.6 8 40.67 +1.37 .98 133.79 96.23 Aptargroup ATR 1.3 30 125.35 +4.18 .41 44.77 27.46 Avangrid AGR 5.5 23 32.05 +2.98 .44 73.98 46.43 BlackHills BKH 4.9 13 51.52 +3.22 .625
49.58 37.61 ABMIndustries ABM 2.2 11 40.86 +1.63 .22 8.98 4.08 AltusPower AMPS ... dd 5.76 +0.92 ... 124.88 71.01 Aptiv APTV ... 10 77.50 –8.51 ... 31.99 17.24 AvanosMedical AVNS ... dd 22.09 +4.28 ... 11.79 10.06 BlackMountainA BMAC ... 96 10.66 +0.01 ...
6.62 4.30 ACCO Brands ACCO 5.9 9 5.05 +0.16 .075 17.75 11.26 AmbacFin AMBC ... 1 12.50 +0.75 ... 33.01 23.55 Aramark ARMK 1.6 14 28.35 +1.68 .11 25.25 16.63 Avantor AVTR ... 34 18.37 +0.54 ... 5.75 3.17 BlackBerry BB ... dd 3.74 +0.33 ...
10.45 6.62 AcresCmclRlty ACR ... dd 7.70 +0.32 ... 3.24 2.40 Ambev ABEV 4.0 16 2.70 +0.26.1457 17.74 10.10 ArborRealty ABR 13.0 7 12.89 +0.29 .43 195.95 158.93 AveryDennison AVY 1.8 31 181.24 +10.70 .81 785.65 596.18 BlackRock BLK 3.0 18 657.97 +59.895.00
5.75 0.63 ADC Therap ADCT ... dd .80 +0.10 ... 12.78 8.45 Amcor AMCR 5.5 14 9.11 +0.45 .125 32.49 21.30 ArcelorMittal MT ... 5 23.26 +1.12 ... 44.74 27.73 Avient AVNT 3.0 75 33.97 +2.79.2575 2.37 1.10 BlackSkyTech BKSY ... dd 1.13 –0.15 ...
10.10 4.89 ADT ADT 2.3 cc 6.13 +0.44 .035 30.97 15.79 AmerantBncpA AMTB 1.8 10 19.96 +2.33 .09 175.10 102.42 ArchResources ARCH .7 4 150.60 –2.32 .88 45.29 30.53 Avista AVA 5.3 16 35.04 +3.21 .46 116.78 71.72 Blackstone BX 3.3 61 100.90 +11.29 .80
92.16 74.40 AECOM ACM .9 83 79.01 +4.20 .18 92.44 69.71 Ameren AEE 3.2 18 78.51 +3.13 .63 7.49 1.62 ArcherAviation ACHR ... dd 5.47 +1.02 ... 33.68 23.27 AxaltaCoating AXTA ... 28 29.49 +4.07 ... 25.82 16.61 BlackstoneMtg BXMT11.4 19 21.71 +2.26 .62
29.89 11.43 AES AES 4.0 dd 16.79 +2.04.1659 68.75 24.95 Ameresco AMRC ... 30 29.81 +2.55 ... 98.28 69.31 ADM ADM 2.5 10 72.91 +2.87 .45 51.46 33.15 AxosFinancial AX ... 7 40.70 +5.85 ... 2.33 0.53 BlendLabs BLND ... dd 1.38 +0.18 ...
82.72 60.20 Aflac AFL 2.4 11 82.23 +5.74 .42 23.07 16.00 AmericaMovil AMX 2.0 12 17.31 +0.60.1967 14.50 7.96 Archrock AROC 4.3 27 14.26 +1.75 .155 13.87 3.82 Azul AZUL ... dd 8.64 +1.05 ... 44.83 28.83 BlockHR HRB 3.0 12 42.68 +1.77 .32
145.53 109.81 AGCO AGCO 1.0 8 119.81 +9.17 .29 29.73 16.04 AmericanAssets AAT 6.6 25 19.95 +2.24 .33 11.47 6.73 ArcosDorados ARCO 1.9 13 9.95 +0.83 .04 89.97 38.85 Block SQ ... dd 48.68 +8.66 ...
B
7.05 4.79 AG Mortgage MITT15.6 9 5.14 +0.24 .08 10.77 6.29 AmericanAxle AXL ... 20 7.24 +0.41 ... 79.38 52.04 Arcosa ACA .3 12 67.66 +0.69 .05 26.55 9.51 BloomEnergy BE ... dd 10.80 +1.02 ...
24.96 3.60 a.k.a.Brands AKA ... dd 7.57 +0.29 ... 18.76 9.95 AmerEagle AEO 2.2 18 18.53 +1.14 .10 36.13 14.33 ArcusBiosci RCUS ... dd 16.37 +2.04 ... 2.29 0.99 Bark BARK ... dd 1.07 +0.04 ... 14.32 11.40 BlueOwlCapital OBDC 9.4 6 13.99 +0.96 .33
80.74 7.05 AMC Ent AMC ... dd 10.72 +1.57 ... 54.44 28.05 AmerEquity AEL .7 10 53.64 +0.87 .36 5.90 2.57 ArdaghMetalPkg AMBP11.0 cc 3.63 +0.38 .10 16.68 7.20 B&G Foods BGS 8.4 dd 9.01 +0.40 .19 14.04 9.70 BlueOwlCapital OWL 4.2 cc 13.26 +1.03 .14
127.90 66.81 AMN Healthcare AMN ... 10 67.15 –8.55 ... 182.15 140.91 AmerExpress AXP 1.6 14 152.76 +11.45 .60 19.41 11.59 ArdmoreShipping ASC 5.6 3 13.66 –0.33 .19 48.38 36.15 BCE BCE 7.3 22 39.88 +3.23.6969 40.93 19.99 BluegreenVac BVH 2.3 10 35.52 +3.87 .20
37.72 3.94 AMTD Digital HKD ... 18 4.04 –0.15 ... 150.98 105.22 AmericanFin AFG 2.6 11 109.86 +2.45 1.50 10.80 9.01 AresAcqnA AAC ... dd 10.77 +1.02 ... 3.72 1.68 BEST BEST ... dd 2.39 +0.13 ... 98.33 61.56 BlueLinx BXC ... 7 80.22 +10.91 ...
2.56 0.70 AMTD IDEA AMTD ... 1 .75 –0.01 ... 37.97 28.79 AmHomes4Rent AMH 2.5 34 35.41 +3.92 .22 10.37 10.10 AresAcqnII A AACT ... ... 10.32 +0.03 ... 16.02 8.85 BGSF BGSF 6.3 12 9.50 +0.19 .15 243.10 154.50 Boeing BA ... dd 195.05 +15.36 ...
11.20 10.22 AP Acqn A APCA ... 81 11.01 ... ... 64.94 45.66 AIG AIG 2.3 12 63.74 +4.21 .36 12.75 7.52 AresCommRealEst ACRE13.2 dd 9.97 +1.08 .33 71.52 52.06 BHP Group BHP 5.7 12 59.12 +1.93 1.60 112.58 59.32 BoiseCascade BCC .8 8 104.41 +11.445.00
3.87 2.50 ARC Document ARC 6.9 11 2.89 +0.10 .05 31.59 11.69 AmRltyInv ARL ... 1 13.17 +1.16 ... 112.15 66.04 AresMgmt ARES 2.9 66 107.07 +6.23 .77 139.50 58.15 BILL BILL ... dd 66.93 –22.59 ... 104.91 51.99 BootBarn BOOT ... 14 75.27 +5.81 ...
9.03 5.22 ASE Tech ASX 5.3 14 8.03 +0.55.5714 100.51 75.20 AmerStWater AWR 2.1 26 82.91 +5.35 .43 47.80 32.98 Argan AGX 2.7 17 45.13 +0.54 .30 5.49 1.40 BitMining BTCM ... dd 3.10 +0.34 ... 130.34 87.99 BoozAllen BAH 1.5 55 123.01 +5.65 .47
97.80 63.27 ASGN ASGN ... 19 85.50 +4.57 ... 27.20 6.15 AmerStratInvt NYC ... dd 8.89 +0.13 ... 30.13 23.57 ArgoGroup ARGO 4.1 dd 29.88 +0.06 .31 80.41 60.33 BJ'sWholesale BJ ... 18 68.76 –0.45 ... 47.05 31.63 BorgWarner BWA 1.3 11 33.36 –3.32 .17
21.53 13.43 AT&T T 7.0 dd 15.88 +1.06.2775 235.57 154.58 AmerTowerREIT AMT 3.3 cc 190.57 +18.58 1.62 17.81 6.69 ArisWater ARIS 3.8 19 9.58 +1.34 .09 41.38 32.28 BP BP 4.1 4 36.20 –2.44.4362 9.01 4.03 BorrDrilling BORR ... dd 6.42 +0.27 ...
47.92 27.76 ATI ATI ... 20 41.70 +4.11 ... 24.13 8.78 AmerVanguard AVD 1.2 25 9.84 +0.52 .03 214.26 108.91 AristaNetworks ANET ... 35 212.49 +36.30 ... 15.35 4.31 BP Prudhoe BPT 23.0 2 4.35 –0.85.2974 420.84 296.27 BostonBeer SAM ... 50 338.13 +18.49 ...
56.00 6.00 ATI PhysTherapy ATIP ... dd 7.73 +0.41 ... 162.59 114.25 AmerWaterWorks AWK 2.2 27 130.04 +13.65.7075 4.84 2.53 ArlingtonAsset AAIC ... 17 4.47 +0.34 ... 8.27 2.51 BRC BRCC ... dd 3.17 +0.57 ... 28.98 13.55 BostonOmaha BOC ... cc 15.10 +1.05 ...
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48.89 30.90 ATS ATS ... 32 34.40 –0.13 ... 4.39 0.93 AmericanWell AMWL ... dd 1.42 +0.34 ... 11.54 2.93 ArloTech ARLO ... dd 9.21 +1.06 ... 2.59 1.06 BRF BRFS ... dd 2.24 +0.14 ... 79.42 46.18 BostonProps BXP 6.7 48 58.91 +6.49 .98
19.79 10.04 A10Networks ATEN 2.2 18 10.93 +0.13 .06 33.90 25.15 AmericoldRealty COLD 3.3 dd 26.80 +1.47 .22 13.73 9.81 ArmadaHoffler AHH 7.4 38 10.52 +0.61 .195 22.35 16.01 BRT Apartments BRT 5.8 33 17.21 +0.89 .25 55.38 40.95 BostonSci BSX ... 64 52.53 +3.01 ...
63.99 51.25 AXIS Capital AXS 3.2 9 54.51 –0.52 .44 358.02 275.09 Ameriprise AMP 1.6 14 335.74 +25.18 1.35 33.38 13.32 ArmourResREIT ARR 29.8 dd 16.12 +2.44 .40 79.42 55.40 BWX Tech BWXT 1.2 31 76.13 +2.12 .23 2.17 0.64 BowFlex BFX ... dd .91 +0.25 ...
34.96 15.84 AZEK AZEK ... cc 28.49 +3.28 ... 164.75 131.52 Ametek AME .7 26 143.70 +4.48 .25 83.40 62.03 ArmstrongWorld AWI 1.4 16 80.69 +7.69 .28 6.83 2.31 Babcock&Wilcox BW ... dd 2.55 +0.20 ... 17.45 9.09 Bowlero BOWL ... 32 9.78 –0.56 ...
50.86 34.59 AZZ AZZ 1.4 17 47.91 +1.45 .17 4.74 1.24 AmnealPharm AMRX ... dd 4.29 +0.52 ... 147.42 101.01 ArrowElec ARW ... 6 120.95 +9.15 ... 170.86 103.93 BadgerMeter BMI .8 49 142.92 +5.03 .27 34.98 23.57 Box BOX ... cc 25.20 +1.13 ...
16.16 7.00 Aaron's AAN 6.7 25 7.47 +0.25 .125 4.00 2.15 Ampco-Pitt AP ... 36 2.70 –0.04 ... 42.97 28.70 ArtisanPtrsAsset APAM 6.1 12 36.28 +4.05 .65 2.87 0.91 Bakkt BKKT ... dd .97 +0.03 ... 73.00 52.42 BoydGaming BYD 1.1 8 57.61 +3.05 .16
115.83 89.67 AbbottLabs ABT 2.1 33 95.84 +2.99 .51 90.28 72.00 Amphenol APH 1.0 27 84.77 +5.46 .22 17.97 10.61 Artivion AORT ... dd 14.23 +1.90 ... 62.14 42.81 Ball BALL 1.6 27 51.22 +4.16 .20 58.20 44.71 Brady BRC 1.8 15 53.31 +1.81 .235
168.11 130.96 AbbVie ABBV 4.4 39 141.42 +2.49 1.55 10.23 5.97 AmplifyEnergy AMPY ... 1 6.95 –0.13 ... 26.27 11.32 Asana ASAN ... dd 20.30 +2.23 ... 25.67 7.28 Bally's BALY ... dd 9.32 +0.67 ... 5.60 2.22 BraemarHtls BHR 7.2 dd 2.79 +0.24 .05
66.17 16.77 Abercrombie&Fitch ANF ... 31 65.50 +6.78 ... 11.11 2.60 AmpriusTech AMPX ... dd 3.35 +0.55 ... 256.39 150.73 AsburyAutomotive ABG ... 5 210.02 +23.46 ... 18.26 9.72 BancCalifornia BANC 3.1 7 12.72 +1.90 .10 7.25 3.42 BrandywineRealty BDN 14.1 dd 4.25 +0.50 .15
16.36 12.37 AcadiaRealty AKR 4.7 60 15.33 +1.90 .18 19.97 10.55 Amrep AXR ... 4 16.30 –0.40 ... 7.52 1.92 AshfordHosp AHT ... dd 2.61 +0.64 ... 6.60 2.61 BancoBBVA BBAR .0 3 4.38 +0.23.064 6.29 4.49 BrasilAgro LND 12.1 9 5.12 +0.28 .621
12.05 7.26 AccelEnt ACEL ... 17 10.38 +0.64 ... 10.92 10.15 AndrettiAcqnA WNNR ... 77 10.79 ... ... 114.36 70.82 Ashland ASH 2.0 dd 77.60 +2.29 .385 8.29 5.20 BancoBilbaoViz BBVA 5.0 6 8.26 +0.47.1685 13.77 6.26 Braskem BAK ... dd 7.21 +0.21 ...
330.44 242.80 Accenture ACN 1.6 29 313.49 +23.45 1.29 10.16 4.43 AngelOakMtgREIT AOMR14.8 dd 8.62 +0.32 .32 14.44 5.33 AspenAerogels ASPN ... dd 9.04 +1.52 ... 3.30 2.12 BancoBradesco BBDO 5.0 9 2.68 +0.17.0034 44.52 23.19 BreadFinancial BFH 2.9 3 29.23 +2.46 .21
10.40 9.81 AcropolisInfrA ACRO ... 60 10.30 –0.02 ... 30.27 13.65 AngloGoldAsh AU 1.1 cc 19.06 –0.12.0337 33.00 22.58 AssetMarkFin AMK ... 17 24.20 +1.02 ... 23.50 17.83 BancodeChile BCH 7.5 7 21.51 +1.872.1466 16.40 6.99 BridgeInvt BRDG 8.2 dd 8.30 +1.18 .17
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
202.90 149.30 AcuityBrands AYI .3 16 170.55 +12.24 .13 67.09 51.22 AB InBev BUD 1.0 19 58.91 +6.08.8245 25.50 14.47 AssociatedBanc ASB 5.0 7 17.64 +1.57 .22 4.50 2.23 BancoItauChile ITCL 5.8 4 2.90 ....1646 88.00 5.60 BrightHealth BHG ... dd 7.09 +0.16 ...
61.98 42.06 Acushnet GOLF 1.4 17 55.20 +5.58 .195 24.43 14.52 AnnalyCap NLY 15.1 dd 17.18 +2.45 .65 42.97 31.01 AssocCapital AC .6 41 34.21 +0.52 .10 24.65 15.58 Bladex BLX 4.2 6 23.56 +2.29 .25 98.87 59.55 BrightHorizons BFAM ... 57 86.01 +13.83 ...
11.98 6.95 Adecoagro AGRO 2.9 13 11.07 +0.27.1649 23.89 6.01 AnnovisBio ANVS ... dd 6.37 –1.64 ... 167.81 104.49 Assurant AIZ 1.7 17 163.50 +17.46 .70 28.07 12.38 BancoMacro BMA .0 3 20.45 +1.02.4262 3.44 0.81 BrightScholar BEDU ... ... 1.18 +0.12 ...
47.50 32.59 Adient ADNT ... 30 35.91 +2.30 ... 12.99 9.56 AnteroMidstream AM 7.0 18 12.92 +0.78 .225 67.13 45.21 AssuredGuaranty AGO 1.7 13 65.49 +5.15 .28 6.64 4.76 BancSanBrasil BSBR 4.4 ... 5.63 +0.23.0596 26.88 15.23 BrightSphere BSIG .2 10 16.73 +1.13 .01
55.92 33.59 AdtalemGlbEduc ATGE ... 24 55.20 +5.22 ... 40.19 19.91 AnteroResources AR ... 11 30.49 +1.60 ... 164.76 90.95 Atkore ATKR ... 7 132.03 +8.81 ... 21.81 14.21 BcoSantChile BSAC 5.1 14 18.50 +1.021.2511 7.81 5.20 BrightSpire BRSP12.6 cc 6.35 +0.95 .20
189.74 47.73 AdvanceAuto AAP 1.8 10 57.14 +7.24 .25 9.85 4.09 AnywhereRealEst HOUS ... dd 5.21 +0.65 ... 41.04 23.32 AtlUnionBkshs AUB 4.0 12 31.99 +3.92 .32 4.09 2.56 BancoSantander SAN 2.8 6 3.81 +0.20.0631 9.32 5.16 BrightView BV ... dd 7.26 +0.60 ...
134.94 75.02 AdvDrainageSys WMS .5 19 112.66 +7.29 .14 347.37 274.34 Aon AON .8 25 323.28 +16.40 .615 24.69 15.06 AtlasEnergy AESI 3.2 ... 18.96 +0.02 .05 30.89 21.55 BanColombia CIB 4.1 9 27.12 +1.61 .852 77.47 52.63 Brink's BCO 1.2 30 70.91 +5.20 .22
44.57 24.20 AdvanSix ASIX 2.5 7 25.88 –1.90 .16 40.28 28.22 AptIncmREIT AIRC 5.9 5 30.44 +1.72 .45 125.28 101.00 AtmosEnergy ATO 2.7 19 111.49 +5.37 .74 38.60 24.96 BankofAmerica BAC 3.4 8 28.42 +3.25 .24 42.12 27.77 BrinkerIntl EAT ... 11 35.28 +2.55 ...
5.69 4.02 Aegon AEG 4.7 ... 5.06 +0.35.1528 8.93 5.63 ApartmtInv AIV ... dd 6.33 +0.56 ... 25.20 18.21 AtmusFiltration ATMU ... ... 20.31 +1.52 ... 38.31 22.93 BankofButterfield NTB 6.4 6 27.33 +2.26 .44 81.44 49.49 BristolMyers BMY 4.3 13 52.82 +1.80 .57
5.90 1.52 Aenza AENZ ... dd 2.15 –0.03 ... 29.57 17.12 APi Group APG ... 70 27.64 +2.19 ... 3.51 1.30 ATRenew RERE ... dd 1.76 +0.25 ... 82.87 30.83 BankofHawaii BOH 5.0 11 55.78 +7.23 .70 0.17 0.08 BristolMyersRt CELG.RT ... ... .09 ... ...
69.50 49.58 AerCap AER ... 6 65.38 +5.94 ... 12.75 8.58 ApolloComRlEst ARI 13.0 dd 10.73 +1.40 .35 38.91 25.98 Autohome ATHM 2.1 12 26.90 +0.07 .53 102.79 73.98 BankMontreal BMO 4.2 11 80.09 +5.871.1119 31.89 20.08 Bristow VTOL ... dd 29.49 +3.35 ...
2.38 0.47 AevaTech AEVA ... dd .62 +0.10 ... 93.18 55.16 ApolloGlbMgmt APO 2.0 40 85.03 +4.68 .43 103.99 73.66 Autoliv ALV 2.7 20 96.50 +4.09 .66 52.26 39.65 BankNY Mellon BK 3.7 11 45.25 +3.62 .42 42.36 28.92 BritishAmTob BTI 9.1 7 31.09 +2.12.7006
180.63 120.22 AffiliatedMgrs AMG .0 5 127.98 +5.39 .01 10.81 9.93 ApolloStratII A APGB ... 40 10.59 +0.04 ... 182.08 99.72 AutoNation AN ... 6 139.96 +9.42 ... 55.91 39.80 BankNovaScotia BNS 7.2 9 43.30 +3.37.7794 24.27 19.40 BrixmorProp BRX 5.0 19 21.74 +1.85.2725
160.26 96.80 AgilentTechs A .8 29 109.02 +6.25 .225 40.22 15.83 BankUnited BKU 4.4 8 24.82 +3.47 .27 189.69 131.35 BroadridgeFinl BR 1.8 31 177.12 +9.74 .80
20.17 5.07 Agiliti AGTI ... cc 6.01 +0.73 ... 10.95 10.02 BanyanAcqnA BYN ... dd 10.57 –0.01 ... 18.54 13.68 Broadstone BNL 7.6 15 14.94 +1.16 .285
29.44 12.14 agilon health AGL ... dd 14.66 –3.40 ... 9.44 6.23 Barclays BCS 5.5 ... 6.78 +0.54.1398 5.07 2.27 BrookdaleSrLiving BKD ... dd 4.14 +0.21 ...
+0.67 .40 36.50 26.76 BrookfieldAsset BAM 4.0 7 31.66 +2.71 .32
7.40 0.33 Cazoo CZOO ... dd .40 –0.01 ... 13.60 7.84 CoreCivic CXW ... 13 13.30 +0.94 ... 15.00 9.57 DynexCapital DX 14.1 62 11.05 +1.45 .13 31.13 13.70 ExcelerateEner EE .7 14 15.37 +0.31 .025 43.63 26.79 GeneralMotors GM 1.2 4 29.77 +2.55 .09
47.95 34.04 CedarFairRec FUN 3.1 13 38.25 +3.82 .30 3.48 0.55 CorEnergyInfr CORR31.7 dd .63 –0.03 .05 42.80 7.36 Express EXPR ... 0 8.99 +0.35 ... 11.20 9.94 GenAsia I A GAQ ... 31 10.79 –0.01 ...
E
131.05 90.07 Celanese CE 2.3 10 120.96 +7.46 .70 37.10 25.26 Corning GLW 4.0 41 27.93 +1.34 .28 25.04 14.61 Expro XPRO ... cc 16.10 +0.20 ... 53.25 17.31 Genesco GCO ... 63 29.88 +3.97 ...
27.58 10.47 Celestica CLS ... 15 25.66 +3.28 ... 38.70 28.96 Vesta VTMX .9 10 34.74 +3.47.1703 12.11 9.84 EG Acqn A EGGF ... dd 10.66 +0.04 ... 170.30 101.19 ExtraSpaceSt EXR 2.3 18 106.97 +2.58 .61 12.15 8.05 GenesisEnergy GEL 5.1 27 11.85 +0.68 .15
6.14 4.90 CementosPacasm CPAC 9.8 9 5.03 +0.09.5276 14.89 7.67 CorpAmAirports CAAP ... 8 11.32 +0.32 ... 139.85 47.24 elfBeauty ELF ... 45 96.15 –6.09 ... 120.70 98.02 ExxonMobil XOM 3.5 11 107.78 +2.23 .95 20.97 8.16 GenieEnergy GNE 1.5 8 20.29 +1.11 .075
8.46 3.83 Cemex CX ... 21 6.69 +0.74 ... 68.10 47.21 Corteva CTVA 1.3 39 50.23 +2.41 .16 227.50 141.89 EMCOR EME .3 18 210.22 +4.90 .18 8.45 3.12 GeniusSports GENI ... dd 5.30 +0.61 ...
F
198.98 147.10 Cencora COR 1.0 23 195.17 +7.53 .51 17.51 10.13 Cosan CSAN ... dd 14.02 +1.23 ... 33.45 25.10 ENI E 4.1 10 32.80 +0.34.3107 48.58 32.61 Genpact G 1.6 16 34.38 +1.51.1375
22.18 14.97 CenovusEnergy CVE 1.7 12 19.13 –0.22.1008 11.85 7.71 Costamare CMRE 5.0 3 9.28 +0.18 .115 150.88 98.52 EOG Rscs EOG 2.6 10 128.16 +2.17 .825 35.00 9.03 F&GAnnuities FG 2.4 14 32.84 +3.08 .20 187.73 126.35 GenuineParts GPC 2.8 15 134.02 +6.90 .95
87.84 60.83 Centene CNC ... 16 69.32 +1.84 ... 30.14 22.25 CoterraEnergy CTRA 2.9 7 28.04 +0.34 .20 385.96 197.99 EPAM Systems EPAM ... 30 240.70 +30.26 ... 44.11 24.34 FB Financial FBK 1.8 12 33.12 +4.24 .15 6.40 4.48 GenworthFin GNW ... 6 6.20 +0.39 ...
31.52 25.42 CenterPointEner CNP 2.9 22 27.39 +0.70 .20 13.46 6.52 Coty COTY ... 17 9.81 +0.67 ... 47.71 33.92 EPR Prop EPR 7.1 24 46.71 +5.90 .275 10.20 5.16 Figs FIGS ... 77 6.81 +1.11 ... 16.38 8.83 GeoPark GPRK 5.3 3 10.05 +0.10 .132
7.71 4.51 CenterraGold CGAU 3.5 dd 6.02 +0.76.0504 20.37 12.67 Coupang CPNG ... 70 16.71 –0.30 ... 45.23 28.11 EQT EQT 1.4 6 44.72 +2.77.1575 134.38 49.70 FMC FMC 4.2 14 55.39 –1.49 .58 6.34 4.20 Gerdau GGB .5 4 4.67 +0.31.0878
71.97 46.74 Centerspace CSR 5.7 23 50.83 +3.01 .73 19.56 9.91 Coursera COUR ... dd 18.05 +0.85 ... 75.81 38.24 ESAB ESAB .3 21 75.07 +11.98 .06 14.71 10.09 FNB FNB 4.2 7 11.54 +1.07 .12 10.17 0.20 Getaround GETR ... ... .22 –0.01 ...
10.39 5.67 CentraisElBras EBR .6 51 7.53 +0.69.0443 28.66 17.40 CousinsProperties CUZ 6.4 34 19.88 +2.00 .32 109.57 83.05 ESCO Tech ESE .3 28 100.16 +4.94 .08 15.80 3.08 FreyrBattery FREY ... dd 3.56 +0.35 ... 8.22 3.42 GettyImages GETY ... dd 4.61 +0.49 ...
24.55 13.22 CentralPacFin CPF 5.9 7 17.49 +1.86 .26 102.42 67.28 Crane CR .7 ... 99.97 +8.73 .18 4.32 0.75 ESSTech GWH ... dd 1.32 +0.04 ... 20.80 17.06 FS KKR Cap FSK 14.1 20 19.81 +1.16 .05 36.49 25.95 GettyRealty GTY 6.4 20 28.21 +1.92 .45
7.63 4.38 CentralPuerto CEPU 2.1 13 5.97 –0.22.1649 63.36 33.04 CraneNXT CXT 1.0 16 54.21 +3.32 .14 7.21 2.15 E2open ETWO ... dd 3.21 +0.30 ... 218.33 152.42 FTI Consulting FCN ... 32 215.00 –0.95 ... 34.33 26.30 Gildan GIL 2.2 12 33.24 +5.96 .186
82.70 42.19 CenturyComm CCS 1.3 9 69.84 +8.99 .23 11.19 5.13 CrawfordA CRD.A 2.9 dd 9.54 +0.62 .07 67.09 39.15 EagleBulkShip EGLE 5.6 19 41.47 +0.57 .58 183.74 90.19 Fabrinet FN ... 24 162.52 +10.55 ... 2.94 1.12 GinkgoBioworks DNA ... dd 1.64 +0.29 ...
79.66 52.92 CeridianHCM CDAY ... cc 65.20 +1.81 ... 10.10 5.05 Crawford B CRD.B 3.3 dd 8.44 +0.44 .07 195.96 119.96 EagleMaterials EXP .6 12 165.08 +17.33 .25 474.13 377.89 FactSet FDS .9 37 443.79 +23.37 .98 59.70 26.77 GlacierBancorp GBCI 4.0 15 32.78 +2.68 .33
14.15 2.38 ChargePoint CHPT ... dd 3.08 +0.59 ... 160.15 118.98 Credicorp BAP ... 7 121.57 –3.55 ... 16.79 10.27 EasterlyGovtProp DEA 9.0 36 11.72 +1.26 .265 940.10 427.09 FairIsaac FICO ... 57 930.41 +82.31 ... 4.87 1.44 Glatfelter GLT ... dd 1.67 +0.04 ...
262.00 161.65 CharlesRiverLabs CRL ... 19 181.91 +9.32 ... 15.14 9.17 CrescentEnergy CRGY 4.6 3 12.49 +0.11 .12 188.85 144.40 EastGroup EGP 3.0 43 170.16 +12.65 1.27 10.88 1.41 Farfetch FTCH ... dd 1.72 +0.17 ... 80.28 40.45 Glaukos GKOS ... dd 64.21 –3.24 ...
242.59 101.44 ChartIndustries GTLS ... dd 122.50 +12.38 ... 8.62 5.59 CrescentPoint CPG 3.6 dd 8.20 +0.19 .072 92.21 68.89 EastmanChem EMN 4.1 16 77.03 +4.45 .79 14.26 9.44 FarmlandPtrs FPI 2.1 38 11.19 +0.78 .06 7.60 3.49 GlobalBlue GB ... dd 5.40 +0.31 ...
14.38 8.92 ChathamLodging CLDT 2.7 cc 10.27 +1.28 .07 30.40 13.51 CrossTimbers CRT 11.4 8 18.39 +0.58.1099 6.34 2.78 EastmanKodak KODK ... 6 3.89 +0.19 ... 24.31 7.15 Fastly FSLY ... dd 17.56 +3.44 ... 8.05 4.26 GlblBusTravel GBTG ... dd 5.44 +0.54 ...
3.58 1.41 CheetahMobile CMCM ... dd 1.95 +0.28 ... 153.98 84.72 CrownCastle CCI 6.4 28 98.40 +8.531.565 240.44 150.86 Eaton ETN 1.6 29 214.79 +19.48 .86 57.20 2.99 FathomDigital FATH ... dd 4.29 +1.13 ... 37.00 22.73 GlobalIndemnity GBLI 2.9 13 34.98 –1.50 .25
30.05 7.32 Chegg CHGG ... dd 8.35 –0.13 ... 96.35 72.18 CrownHoldings CCK 1.2 20 83.31 +3.79 .24 191.41 131.36 Ecolab ECL 1.2 41 174.77 +17.33 .53 148.81 91.49 FedAgriMtg A AGM.A 3.3 10 133.49 +15.92 1.10 35.47 20.52 GlobalIndl GIC 2.3 19 34.61 +3.44 .20
589.90 475.74 Chemed CHE .3 36 587.24 +22.50 .40 10.67 9.87 CrownPropA CPTK ... 27 10.58 ... ... 13.08 8.59 Ecopetrol EC 17.5 4 12.36 +0.41.1479 180.16 111.28 FedAgriMtg C AGM 2.7 12 162.83 +17.89 1.10 11.79 8.04 GlobalMedREIT GMRE 9.0 29 9.32 +0.86 .21
39.05 22.88 Chemours CC 3.9 dd 25.68 +2.10 .25 48.93 33.17 CubeSmart CUBE 5.4 22 36.22 +2.24 .49 12.35 8.20 Ecovyst ECVT ... 18 9.42 +0.33 ... 115.08 85.27 FederalRealty FRT 4.6 28 95.50 +8.85 1.09 15.28 7.56 GlobalNetLease GNL 16.2 dd 8.75 +1.13 .354
7.24 2.77 CherryHillMtg CHMI16.9 dd 3.54 +0.73 .15 160.60 82.25 Cullen/Frost CFR 3.8 9 96.60 +6.93 .92 46.13 33.71 EdgewellPersonal EPC 1.7 16 36.18 +1.89 .15 65.33 43.44 FederalSignal FSS .6 27 64.35 +7.08 .10 39.24 27.07 GlobalPtrs GLP 8.2 5 33.40 +3.62 .685
132.91 84.10 ChesapeakeUtil CPK 2.5 19 92.71 +4.33 .59 5.99 4.16 Culp CULP ... dd 5.47 –0.07 ... 74.92 56.67 EdisonIntl EIX 4.6 20 64.05 +2.11.7375 45.55 30.23 FederatedHermes FHI 3.4 11 32.74 +1.21 .28 129.70 92.27 GlobalPayments GPN .9 34 113.76 +10.98 .25
189.68 143.82 Chevron CVX 4.1 11 147.61 +3.26 1.51 265.28 203.18 Cummins CMI 3.0 12 225.88 +10.64 1.68 94.87 60.57 EdwardsLife EW ... 29 67.07 +5.36 ... 270.95 154.10 FedEx FDX 2.0 16 247.14 +18.30 1.26 21.83 15.82 GlobalShipLease GSL 8.3 2 18.00 +0.25 .375
52.88 16.53 Chewy CHWY ... cc 21.13 +3.11 ... 210.21 156.76 Curtiss-Wright CW .4 23 203.75 +8.08 .20 14.69 7.88 ElancoAnimal ELAN ... dd 9.61 +0.76 ... 171.06 108.48 Ferguson FERG 1.9 17 157.28 +5.56 .75 210.00 135.41 Globant GLOB ... 54 185.33 +16.21 ...
7.53 4.33 Chico'sFas CHS ... 7 7.49 ... ... 15.63 6.24 Cushman&Wkfd CWK ... dd 8.26 +1.58 ... 84.04 46.18 Elastic ESTC ... dd 72.33 –3.17 ... 332.00 197.22 Ferrari RACE .6 48 331.41 +33.171.9963 123.85 102.23 GlobeLife GL .8 13 117.16 +5.13 .225
7.81 4.45 ChimeraInvt CIM 9.0 10 4.88 +0.24 .11 7.64 5.42 CustomTruck CTOS ... 29 6.32 +0.69 ... 12.11 5.81 EldoradoGold EGO ... dd 11.20 +0.42 ... 15.30 12.60 FidelisInsurance FIHL ... ... 14.17 +0.32 ... 80.04 44.72 GlobusMedical GMED ... 23 46.99 +1.33 ...
5.75 1.61 ChinaGreenAg CGA ... dd 2.10 +0.09 ... 45.62 6.87 CustomersBancorp CUBI ... 7 44.69 +4.93 ... 11.85 0.64 ElectriqPower ELIQ ... cc .75 –0.07 ... 45.51 31.84 FidNatlFinl FNF 4.2 23 42.82 +4.51 .45 85.78 64.65 GoDaddy GDDY ... 37 85.56 +13.90 ...
12.50 6.73 ChinaYuchai CYD 3.1 8 8.99 +0.84 .28 D 21.90 16.90 ElementSolns ESI 1.6 96 19.40 +1.40 .08 79.32 46.91 FidNatlInfo FIS 4.0 dd 51.96 +4.80 .52 17.78 8.23 GoldFields GFI 3.3 19 13.98 +0.37.1717
2175.01 1344.05 Chipotle CMG ... 48 2040.53 +152.94 ... 544.01 412.00 ElevanceHealth ELV 1.3 18 449.86 +8.40 1.48 2.25 1.00 FinanceofAm FOA ... dd 1.06 +0.03 ... 16.52 12.75 GoldmanSachsBDC GSBD12.3 18 14.58 +1.12 .45
136.02 109.19 ChoiceHotels CHH 1.0 21 115.09 +4.61.2875 6.31 2.57 DHI Group DHX ... 32 2.62 –0.10 ... 14.62 10.82 EllingtonFin EFC 14.1 29 12.80 +0.79 .15 6.05 3.55 FinVolution FINV 4.0 4 4.85 +0.16 .215 389.58 289.36 GoldmanSachs GS 3.4 16 327.62 +37.71 2.75
231.37 183.40 Chubb CB 1.6 13 218.79 +10.24 .86 12.13 7.30 DHT DHT 8.9 11 11.28 +0.19 .35 8.15 5.09 EllingtonResiMtg EARN16.5 60 5.82 +0.61 .08 64.66 48.98 FirstAmerFin FAF 3.8 25 55.60 +5.37 .53 33.74 22.92 Gorman-Rupp GRC 2.3 29 31.02 +0.11 .18
41.58 33.31 ChunghwaTel CHT 3.1 23 36.50 +1.001.4779 13.85 5.45 DRDGOLD DRD 5.7 11 9.05 +0.21.3463 20.24 12.44 ElmeComms ELME 5.3 dd 13.49 +0.59 .18 15.99 10.18 FirstBanCorp FBP 3.9 9 14.42 +1.27 .14 87.94 65.23 Graco GGG 1.2 25 77.05 +3.54 .235
100.52 70.30 Church&Dwight CHD 1.3 48 86.80 –3.31.2725 122.41 90.14 DTE Energy DTE 3.8 17 100.18 +3.27.9525 13.50 8.63 EmbotellAndinaA AKO.A 7.7 9 10.24 +0.46.1442 16.53 11.16 FirstCmwlthFin FCF 3.8 9 13.24 +1.25 .125 6.74 2.88 GrafTechIntl EAF 1.3 6 2.98 –0.36 .01
11.15 9.92 ChurchillVI A CCVI ... 46 10.47 ... ... 61.12 45.11 DT Midstream DTM 4.9 16 56.53 +3.55 .69 17.66 10.27 EmbotellAndinaB AKO.B 6.6 11 13.02 +1.35.1586 16.70 3.69 FirstFoundation FFWM .7 dd 5.72 +0.83 .01 17.95 8.35 Graham GHM ... 78 16.99 +1.55 ...
10.80 9.92 ChurchillVII A CVII ... 41 10.46 ... ... 3.20 0.40 D-WaveQuantum QBTS ... dd .88 +0.27 ... 17.14 9.49 Embraer ERJ ... dd 15.15 +1.27 ... 24.92 8.99 FirstHorizon FHN 5.1 7 11.86 +1.34 .15 681.70 545.00 GrahamHoldings GHC 1.1 19 622.54 +56.72 1.65
54.25 39.94 Ciena CIEN ... 30 43.90 +2.88 ... 30.27 18.61 DXC Tech DXC ... dd 22.30 +2.75 ... 5.94 3.26 EmeraldHldg EEX ... 39 5.32 +0.71 ... 55.51 40.44 FirstIndRlty FR 2.9 22 44.20 +3.56 .32 811.60 534.01 Grainger GWW 1.0 21 767.73 +60.97 1.86
340.11 240.50 Cigna CI 1.6 18 310.65 +7.41 1.23 19.75 11.10 Dana DAN 3.2 dd 12.33 –0.29 .10 5.60 2.36 Emeren SOL ... 4 2.66 +0.23 ... 9.81 4.38 FirstMajestic AG .4 dd 4.85 –0.63.0051 46.72 33.11 GraniteConstr GVA 1.1 78 45.93 +11.66 .13
19.85 8.28 Cinemark CNK ... dd 16.44 +0.93 ... 249.55 182.09 Danaher DHR .5 25 197.87 +9.99 .27 20.54 1.93 EmergentBiosol EBS ... dd 2.42 +0.42 ... 43.31 32.18 FirstEnergy FE 4.5 40 36.82 +1.69 .41 7.66 3.97 GranitePointMtg GPMT16.7 dd 4.78 +0.77 .20
53.23 38.17 Citigroup C 5.0 7 42.26 +4.02 .53 71.65 51.10 Danaos DAC 4.5 3 66.49 +0.70 .75 100.62 76.94 EmersonElec EMR 2.3 5 91.97 +3.94 .52 6.87 1.18 FiscalNote NOTE ... dd 1.69 +0.37 ... 10.16 4.82 GraniteRidge GRNT 6.5 4 6.34 +0.24 .11
44.82 22.77 CitizensFin CFG 6.4 6 26.17 +3.30 .42 4.59 1.32 DanimerScientific DNMR ... dd 1.64 +0.26 ... 9.32 5.39 EmpireStateRealty ESRT 1.6 30 9.01 +0.99 .035 130.74 92.84 Fiserv FI ... 25 119.54 +7.08 ... 27.56 20.07 GraphicPkg GPK 1.8 10 22.08 +1.15 .10
4.00 1.64 Citizens CIA ... 17 3.03 –0.02 ... 58.44 22.94 DaqoNewEnergy DQ ... 3 26.12 +2.79 ... 46.73 35.43 EmployersHldgs EIG 2.9 9 38.83 +1.68 .28 8.85 4.19 Fisker FSR ... dd 4.55 –0.24 ... 12.05 5.67 GravitasEduc GEHI ... ... 10.72 +1.52 ...
November 6, 2023 BARRON’S 39
70.11 47.63 Kellanova K 4.3 21 52.06 +1.66 .60 2.47 0.61 MultiPlan MPLN ... dd 1.65 ... ...
51.77 25.43 HarleyDavidson HOG 2.3 6 28.92 +2.75 .165 264.19 210.87 IllinoisToolWks ITW 2.4 23 233.11 +9.85 1.40 51.94 28.96 MDC Holdings MDC 5.1 9 42.99 +6.11 .55
68.15 38.32 Kemper KMPR 2.9 dd 42.07 +0.79 .31 51.29 32.80 MurphyOil MUR 2.4 10 45.92 +0.61 .275
5.43 2.79 HarmonyGold HMY ... 11 4.94 +0.24 ... 21.82 12.50 Imax IMAX ... 41 18.63 +0.69 ... 22.55 18.17 MDU Rscs MDU 2.6 11 19.05 +0.76.2225
30.60 22.08 Kennametal KMT 3.3 16 24.01 +1.51 .20 382.04 231.65 MurphyUSA MUSA .4 16 378.84 +15.00 .41
79.44 64.25 HartfordFinl HIG 2.5 10 74.13 +3.72 .47 5.25 2.48 IndependenceContr ICD ... dd 2.70 –0.09 ... 12.38 8.41 MFA Financial MFA 14.2 dd 9.89 +1.19 .35
18.90 11.91 Kennedy-Wilson KW 7.6 dd 12.65 –0.11 .24 26.49 15.65 MyersIndustries MYE 3.0 13 17.97 +1.47 .135
38.85 25.05 HavertyFurn HVT 4.1 8 29.35 +3.44 .30 19.68 11.61 IndepRealty IRT 4.7 54 13.64 +1.44 .16 18.25 12.16 MGIC Investment MTG 2.6 7 17.74 +1.28 .115
41.06 17.64 KenonHoldings KEN 14.1 dd 19.80 +1.94 2.79
37.62 26.10 HavertyFurn A HVT.A 4.3 7 26.26 –1.87 .28 11.15 10.12 InFinTAcqnA IFIN ... cc 11.11 –0.02 ... 51.35 32.22 MGM Resorts MGM .0 37 38.16 +3.93.0025
10.75 10.06 KensingtonCapV A KCGI ... 34 10.66 +0.04 ... N
43.71 9.06 HawaiianElec HE 10.4 7 13.85 +1.00 .36 23.48 13.29 Informatica INFA ... dd 23.48 +4.38 ... 101.62 38.73 M/I Homes MHO ... 5 94.80 +13.48 ...
27.80 17.82 Kenvue KVUE 4.1 24 19.37 +1.16 .20
10.35 10.16 HaymakerAcqnCorp.4 HYAC ... ... 10.23 +0.04 ... 20.57 14.71 Infosys INFY 1.4 23 16.68 +0.24.1827 29.92 6.31 MinisoGroup MNSO 1.5 33 26.64 +0.63 .412 55.38 29.37 NACCO Inds NC 2.5 14 34.62 +0.60.2175
20.30 8.54 KeyCorp KEY 7.2 9 11.39 +1.47 .205
15.22 8.76 Hayward HAYW ... 37 11.14 –0.25 ... 70.65 50.75 IngersollRand IR .1 35 65.36 +5.98 .02 3.44 1.41 MOGU MOGU ... dd 2.01 –0.09 ... 15.44 9.26 N-able NABL ... cc 13.45 +0.70 ...
189.45 118.57 KeysightTech KEYS ... 20 125.76 +6.45 ...
22.36 13.93 HealthcareRealty HR 8.3 dd 14.90 +0.77 .31 90.81 38.10 Ingevity NGVT ... 13 42.81 +3.32 ... 36.80 31.34 MPLX MPLX 9.4 10 36.05 +0.36 .85 26.00 18.00 NCR Atleos NATL ... ... 23.42 +0.96 ...
45.03 25.99 KilroyRealty KRC 6.9 17 31.50 +3.88 .54
28.43 15.24 HealthpeakProp PEAK 7.0 18 17.21 +0.79 .30 113.46 89.54 Ingredion INGR 3.3 11 95.89 +3.22 .78 36.67 15.22 MP Materials MP ... 29 16.42 –0.08 ... 19.01 11.99 NCR Voyix VYX ... 36 16.74 +1.89 ...
147.87 116.32 KimberlyClark KMB 4.0 23 119.39 +2.53 1.18
7.00 3.55 HeclaMining HL .3 dd 4.34 +0.20.0025 125.38 63.36 InnovativeIndProp IIPR 8.9 14 80.59 +10.60 1.80 13.90 8.15 MRC Global MRC ... 12 11.32 +1.67 ... 17.62 9.35 NetPower NPWR ... dd 13.38 +0.39 ...
23.27 16.34 KimcoRealty KIM 5.1 27 18.75 +1.88 .24
182.18 147.69 Heico HEI .1 56 162.00 +4.66 .10 3.64 0.75 Innovid CTV ... dd 1.08 +0.09 ... 185.57 122.57 MSA Safety MSA 1.2 cc 160.51 +2.91 .47 4.62 1.00 NGL Energy NGL ... dd 4.26 +0.12 ...
131.09 93.56 Insperity NSP 2.1 22 108.55 +12.97 .57 19.36 15.89 KinderMorgan KMI 6.7 15 16.87 +0.50.2825
144.25 114.81 Heico A HEI.A .2 45 129.91 +3.64 .10 37.30 26.32 Kinetik KNTK 8.2 24 36.67 +1.42 .75 572.50 450.00 MSCI MSCI 1.1 41 497.76 +21.57 1.38 16.18 7.00 NIO NIO ... dd 8.23 +0.79 ...
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
60.73 1.63 Heliogen HLGN ... dd 2.53 +0.86 ... 330.00 143.81 InspireMedical INSP ... dd 169.70 +18.88 ... 105.77 76.75 MSC Industrial MSM 3.4 16 97.78 +3.80 .83 8.09 4.51 NL Industries NL 5.9 dd 4.71 –0.01 .07
158.18 76.28 InstalledBldg IBP 1.1 15 125.10 +16.18 .33 10.60 6.25 KingswayFin KFS ... 3 7.83 +0.69 ...
72.61 39.09 HeliosTech HLIO .8 28 44.01 –6.77 .09 5.60 3.40 KinrossGold KGC 2.2 35 5.55 +0.24 .03 10.56 9.44 M3-Brigade II A MBAC ... 50 10.44 –0.01 ... 48.21 34.38 NNN REIT NNN 5.8 18 39.14 +3.95 .565
11.88 5.76 HelixEnergy HLX ... 78 10.19 +0.32 ... 35.80 24.42 InsteelInds IIIN .4 18 29.77 +2.79 .03 16.41 8.38 MV Oil MVO 12.1 6 12.04 +0.10 .38 24.83 14.05 NOV NOV 1.0 16 20.34 +0.74 .05
31.47 21.49 Instructure INST ... dd 24.52 +0.27 ... 457.73 250.90 KinsaleCapital KNSL .2 29 339.53 –3.34 .14
54.45 30.41 Helm&Payne HP 2.4 11 41.36 +1.91 .17 87.52 60.14 Kirby KEX ... 24 78.13 +3.43 ... 12.54 2.70 Mytheresa MYTE ... dd 3.25 +0.42 ... 14.86 8.83 NOW DNOW ... 9 10.83 –0.02 ...
21.33 11.14 Herbalife HLF ... 7 13.26 –0.69 ... 96.17 61.85 IntegerHoldings ITGR ... 36 86.51 +7.62 ... 14.51 8.77 Macerich MAC 6.1 dd 11.22 +1.51 .17 46.26 30.25 NRG Energy NRG 3.4 dd 45.00 +3.34.3775
11.87 10.10 IntegratedRailA IRRX ... dd 10.92 –0.03 ... 24.26 18.77 KiteRealty KRG 4.3 cc 22.18 +2.28 .25
162.47 93.97 HercHoldings HRI 2.0 10 124.00 +18.53.6325 39.47 26.15 Klaviyo KVYO ... ... 31.49 +4.50 ... 19.20 18.02 MachNaturalRscs MNR ... ... 18.37 –0.43 ... 6525.00 4050.71 NVR NVR ... 12 5890.63 +508.41 ...
18.05 10.94 HerculesCapital HTGC10.1 7 15.87 +0.78 .08 11.68 10.19 IntegratedWellA WEL ... 95 11.09 +0.10 ... 25.12 10.54 Macy's M 5.1 5 12.95 +1.27.1654 11.59 10.11 NaborsEnerA NETC ... cc 10.93 +0.01 ...
118.79 94.16 ICE ICE 1.6 36 107.91 +3.19 .42 55.57 33.67 KnifeRiver KNF ... ... 54.71 +6.70 ...
7.44 1.12 HeritageInsurance HRTG ... 7 7.00 +1.15 ... 64.35 45.73 Knight-Swift KNX 1.1 22 50.88 +2.96 .14 40.81 28.09 MSG Ent MSGE ... ... 31.47 +1.75 ... 190.90 83.05 NaborsIndustries NBR ... dd 100.83 –2.00 ...
10.31 5.64 HershaHospitality HT 2.0 3 9.93 +0.04 .05 79.41 53.80 InterContinentl IHG 2.0 20 72.56 +0.16 .483 215.79 145.54 MSG Sports MSGS ... 94 174.40 +9.22 ... 50.00 26.48 NatlBankHoldings NBHC 3.2 10 32.28 +1.61 .26
29.50 18.39 IntercorpFinSvcs IFS 6.3 5 18.60 –0.35 1.18 11.52 10.04 KnightSwanA KNSW ... 81 10.55 +0.01 ...
276.88 183.74 Hershey HSY 2.5 20 187.99 +3.881.192 14.70 4.28 KnotOffshore KNOP 1.8 dd 5.73 +0.12 .026 68.92 46.71 MagnaIntl MGA 3.4 16 53.51 +5.86 .46 66.84 48.60 NationalFuelGas NFG 3.7 10 54.17 +2.85 .495
167.75 113.82 Hess HES 1.2 28 146.26 +2.97.4375 153.21 120.55 IBM IBM 4.5 20 147.90 +5.38 1.66 11.68 7.07 Magnachip MX ... dd 7.52 +0.08 ... 74.48 54.25 NationalGrid NGG 5.4 5 62.12 +2.242.3458
118.34 62.11 IntlFlavors IFF 4.5 dd 72.71 +4.86 .81 20.25 12.78 Knowles KN ... dd 16.04 +3.03 ...
32.43 25.63 HessMidstream HESM 8.1 15 30.37 +0.55.6175 19.79 15.05 KodiakGasSvcs KGS 8.7 ... 17.49 +0.29 .38 27.57 18.72 MagnoliaOil MGY 2.0 8 22.85 +0.90 .115 60.17 47.54 NatlHealthInv NHI 7.0 20 51.44 +2.04 .90
18.14 13.66 HewlettPackard HPE 3.0 20 15.93 +0.72 .12 33.99 19.45 IntlGameTech IGT 2.8 21 28.20 +1.23 .20 10.82 9.98 MagnumOpusA OPA ... 17 10.66 ... ... 82.59 66.18 NatlPrestoInds NPK 1.3 22 77.67 +4.343.00
41.89 29.01 IntlPaper IP 5.3 16 34.60 +1.46.4625 35.77 17.68 Kohl's KSS 8.2 dd 24.51 +2.70 .50
79.08 54.14 Hexcel HXL .8 34 63.58 +3.97 .125 23.30 11.65 Philips PHG .0 dd 20.55 +2.05.9387 43.15 35.41 MainStreetCap MAIN 7.1 8 40.68 +2.81 .24 44.79 27.86 NatlStorage NSA 7.3 28 30.70 +2.30 .56
31.88 17.06 HighwoodsProp HIW 10.0 16 20.02 +2.22 .50 53.25 33.04 IntlSeaways INSW 1.0 4 49.50 +0.28 1.30 27.34 12.55 ManchesterUnited MANU ... dd 18.69 +1.00 ... 7.68 3.61 Natura&Co NTCO ... dd 5.44 +0.48 ...
40.95 27.20 Interpublic IPG 4.2 12 29.76 +2.20 .31 53.83 35.33 KontoorBrands KTB 4.1 13 48.32 +1.66 .50
53.76 37.19 Hillenbrand HI 2.2 17 40.47 +2.97 .22 20.20 8.82 Manitowoc MTW ... dd 13.56 +1.24 ... 15.39 9.41 NaturalGasSvcs NGS ... cc 14.76 +0.54 ...
38.63 17.23 IntrepidPotash IPI ... 11 21.00 +0.50 ... 41.91 24.93 Koppers KOP .6 10 37.91 +1.52 .06
34.87 26.78 Hilltop HTH 2.1 18 29.87 +2.56 .16 92.43 67.35 Manpower MAN 4.0 17 73.24 +3.96 1.47 13.80 8.00 NaturalGrocers NGVC 3.0 15 13.15 +0.80 .10
26.45 20.76 InvenTrust IVT 3.4 cc 25.51 +1.71.2155 8.85 5.93 KoreaElecPwr KEP ... dd 6.31 +0.32 ...
51.81 34.41 HiltonGrandVac HGV ... 11 37.25 +1.51 ... 20.40 16.40 ManulifeFinl MFC 4.7 9 18.65 +1.51.2694 81.48 40.64 NaturalResPtrs NRP 4.3 6 69.27 +2.48 .75
15.56 6.34 InvescoMtg IVR 20.2 dd 7.91 +1.40 .40 59.91 44.45 KornFerry KFY 1.5 14 47.82 +2.83 .18
157.14 123.74 Hilton HLT .4 32 156.81 +7.64 .15 33.42 20.57 MarathonOil MRO 1.5 10 27.46 –0.02 .11 8.71 4.40 Natuzzi NTZ ... dd 6.50 –0.01 ...
3.78 0.51 Invitae NVTA ... dd .63 +0.06 ... 8.55 5.28 KosmosEnergy KOS ... 17 7.56 +0.21 ...
6.61 4.42 HimalayaShipping HSHP ... ... 4.71 +0.04 ... 159.65 104.32 MarathonPetrol MPC 2.2 6 150.78 +4.78 .825 7.80 4.30 NatWest NWG ... 4 4.69 +0.27 ...
36.53 28.49 InvitatHomes INVH 3.3 59 31.97 +3.17 .26 50.41 42.62 Kroger KR 2.6 20 45.37 +0.94 .29
12.34 4.06 Hims&HersHealth HIMS ... dd 6.48 +0.70 ... 39.45 26.81 Marcus&Millichap MMI 1.6 89 31.75 +3.73 .25 15.21 11.09 Navigator NVGS 1.4 19 14.33 +0.19 .05
21.60 3.04 IonQ IONQ ... dd 11.58 +1.44 ... 12.01 6.16 KronosWorldwide KRO 9.6 dd 7.88 +1.23 .19
20.39 6.65 Hippo HIPO ... dd 9.78 +2.70 ... 18.05 13.62 Marcus MCS 1.8 cc 15.57 +0.37 .07 2.97 1.47 NaviosMaritime NM ... dd 2.22 +0.01 ...
64.48 48.04 IronMountain IRM 4.2 65 61.75 +3.53 .65 1.40 0.33 KukeMusic KUKE ... ... 1.09 –0.01 ...
13.42 6.88 HireRight HRT ... 7 9.63 +0.41 ... 14.45 0.40 MariaDB MRDB ... dd .45 –0.05 ... 101.60 81.67 Nelnet NNI 1.2 18 88.37 +5.62 .26
6.15 4.21 ItauUnibanco ITUB ... 9 5.70 +0.27 ... 17.32 8.02 Kyndryl KD ... dd 15.40 +1.44 ...
8.06 1.88 Holley HLLY ... 15 4.27 +0.07 ... 17.81 9.36 MarineProducts MPX 5.5 7 10.19 –0.95 .14 5.37 1.86 NerdyA NRDY ... dd 3.15 +0.09 ...
23.62 15.51 HollyEnergy HEP 6.5 11 21.49 +0.89 .35 J L 42.88 25.60 MarineMax HZO ... 6 30.16 +2.66 ... 50.00 9.50 NetLeaseOfficeProp NLOP ... ... 12.92 –6.48 ...
26.20 19.61 HomeBancShares HOMB 3.3 10 21.70 +1.55 .18 1560.00 1186.56 Markel MKL ... 10 1336.97 –95.28 ... 20.64 13.49 Netstreit NTST 5.3 cc 15.61 +1.82 .205
347.25 274.26 HomeDepot HD 2.8 18 295.61 +19.15 2.09 21.10 12.72 JBG SMITH Prop JBGS 6.4 dd 14.14 +1.30 .225 137.07 89.89 LCI Inds LCII 3.6 35 117.61 +11.77 1.05 2.30 0.62 Markforged MKFG ... dd .76 +0.11 ... 48.10 13.98 Nevro NVRO ... dd 16.07 +1.63 ...
36.82 22.20 HondaMotor HMC 2.2 9 32.21 +0.83.4421 18.52 8.98 JELD-WEN JELD ... 20 12.66 +1.45 ... 6.69 4.23 LG Display LPL .0 dd 4.93 +0.51 .231 165.85 79.07 MarriottVacations VAC 3.5 11 82.41 –4.67 .72 55.84 38.92 NewJerseyRscs NJR 3.9 15 43.07 +2.40 .39
39.37 27.81 HoraceMann HMN 4.0 dd 33.00 +2.04 .33 30.36 18.85 J.Jill JILL ... 14 29.48 +0.97 ... 8.55 2.60 LL Flooring LL ... dd 3.43 +0.32 ... 199.20 151.86 Marsh&McLen MMC 1.5 28 193.93 +9.03 .71 69.97 24.17 NewOrientalEduc EDU ... 40 66.39 +1.90 ...
49.73 30.70 HormelFoods HRL 3.3 21 32.87 +1.48 .275 159.38 123.11 JPMorganChase JPM 2.9 9 143.00 +7.31 1.05 17.27 8.15 LSB Inds LXU ... 7 9.13 –0.04 ... 463.41 317.94 MartinMarietta MLM .7 26 442.88 +43.85 .74 86.96 50.30 NewRelic NEWR ... dd 86.94 +0.26 ...
132.30 72.04 DR Horton DHI .8 8 118.86 +17.16 .25 141.38 61.69 Jabil JBL .2 21 128.40 +5.85 .08 40.52 30.50 LTC Properties LTC 7.1 17 32.26 +1.61 .19 63.86 42.78 Masco MAS 2.1 15 55.09 +4.05 .285 14.22 5.81 NY CmntyBcp NYCB 7.0 2 9.70 +0.43 .17
110.94 83.92 HoulihanLokey HLI 2.1 27 105.80 +7.37 .55 49.60 26.70 JacksonFinl JXN 6.1 9 40.77 +3.58 .62 242.60 160.25 L3HarrisTech LHX 2.5 24 185.67 +14.74 1.14 109.58 69.11 MasoniteIntl DOOR ... 11 86.83 +9.18 ... 45.30 31.46 NYTimes A NYT 1.0 39 42.01 +2.05 .11
127.99 35.84 Hovnanian HOV ... 4 84.49 +18.13 ... 141.16 109.00 JacobsSolns J .8 23 133.97 +2.83 .26 11.92 7.75 LXP Industrial LXP 6.2 49 8.44 +0.61 .13 123.33 44.65 MasTec MTZ ... dd 51.58 –7.57 ... 496.11 293.10 NewMarket NEU 1.8 12 490.39 +17.41 2.25
89.58 59.50 HowardHughes HHH ... 30 72.83 +7.20 ... 31.93 17.25 JamesHardie JHX ... 24 26.88 +2.35 ... 33.92 22.65 La-Z-Boy LZB 2.4 10 30.84 +2.62.1815 15.00 7.08 MasterBrand MBC ... 11 11.78 +0.80 ... 55.41 34.81 Newmont NEM 4.1 dd 39.02 +0.05 .40
51.34 34.80 HowmetAerospace HWM .4 31 47.98 +4.89 .05 31.30 21.40 JanusHenderson JHG 6.2 12 25.11 +2.51 .39 222.41 179.58 LabCorp.ofAmerica LH 1.4 28 210.22 +11.26 .72 418.60 313.24 Mastercard MA .6 34 386.05 +21.97 .57 7.54 3.40 NewparkResources NR ... 27 7.18 +0.18 ...
340.06 219.77 Hubbell HUBB 1.7 22 281.84 +0.82 1.22 12.45 8.19 JanusIntl JBI ... 12 10.07 +0.81 ... 11.77 8.76 LadderCapital LADR 8.6 9 10.64 +1.13 .23 73.78 42.04 MatadorRscs MTDR 1.3 9 62.46 +2.05 .20 7.70 4.14 NexaResources NEXA .0 dd 5.84 +0.31.1888
581.40 249.99 HubSpot HUBS ... dd 422.89 +6.62 ... 40.68 28.34 JefferiesFinl JEF 3.4 25 34.87 +3.19 .30 117.38 79.39 LambWeston LW 1.2 14 94.09 +5.21 .28 123.41 71.30 Materion MTRN .5 22 111.30 +15.68 .13 6.45 3.49 NexGenEnergy NXE ... dd 5.99 +0.24 ...
6.34 4.12 HudbayMinerals HBM ... dd 4.67 +0.29 ... 2.16 0.74 JianpuTech JT ... dd 1.04 +0.04 ... 22.81 3.08 Lanvin LANV ... dd 3.17 –0.32 ... 28.99 12.67 Mativ MATV 2.9 dd 14.00 +1.07 .10 19.95 12.53 NexPointRealEst NREF12.5 dd 16.02 +1.77 .185
12.23 4.05 HudsonPacProp HPP .0 dd 5.46 +0.93 .125 61.27 25.15 JinkoSolar JKS 4.3 4 34.40 +8.51 1.50 65.58 39.00 LasVegasSands LVS 1.6 55 48.84 +1.80 .20 97.49 56.51 Matson MATX 1.4 10 88.65 –0.47 .32 52.83 26.21 NexPointResidentl NXRT 6.2 27 30.05 +3.30.4624
570.47 423.29 Humana HUM .7 20 477.01 –33.18 .885 11.98 3.15 JobyAviation JOBY ... dd 6.24 +1.00 ... 43.44 27.16 Lazard LAZ 7.0 dd 28.75 +0.06 .50 15.95 8.31 MauiLand MLP ... dd 14.80 –0.03 ... 3.42 1.68 Nextdoor KIND ... dd 1.85 +0.13 ...
247.95 188.51 HuntingIngalls HII 2.2 18 233.96 +20.84 1.30 125.88 86.16 JohnBeanTech JBT .4 6 107.80 +7.70 .10 157.91 117.79 Lear LEA 2.4 14 130.76 +2.76 .77 89.69 56.92 Maximus MMS 1.6 28 77.13 +4.10 .30 88.61 47.15 NextEraEnergy NEE 3.1 16 59.38 +3.14.4675
33.46 22.14 Huntsman HUN 3.9 53 24.14 +1.05.2375 181.04 144.95 J&J JNJ 3.1 29 151.34 +5.74 1.19 11.54 9.94 LearnCWInvtA LCW ... 40 10.72 +0.02 ... 16.66 8.72 MayvilleEngg MEC ... 31 12.13 +1.40 ... 85.20 51.76 NicoletBankshares NIC 1.3 20 76.96 +7.73 .25
127.80 87.59 HyattHotels H .6 23 104.66 +5.38 .15 70.43 47.90 JohnsonControls JCI 2.9 17 51.48 +3.27 .37 38.55 22.65 Leggett&Platt LEG 7.7 15 23.84 +0.66 .46 94.97 59.12 McCormickVtg MKC.V 2.4 27 64.50 –0.50 .39 131.31 88.66 Nike NKE 1.3 33 107.06 +9.08 .34
3.88 0.52 Hyliion HYLN ... dd .67 +0.10 ... 188.61 119.46 JonesLang JLL ... 32 151.07 +27.79 ... 110.91 76.58 Leidos LDOS 1.5 cc 103.94 +13.45 .38 94.39 59.13 McCormick MKC 2.4 27 64.96 +1.98 .39 17.10 2.90 NineEnergy NINE ... 9 3.63 +0.04 ...
59.64 24.57 HysterYaleMatls HY 3.0 7 43.69 +4.74 .325 5.43 2.23 JumiaTech JMIA ... dd 2.70 +0.39 ... 9.84 0.85 Leju LEJU ... dd 1.02 +0.06 ... 299.35 245.73 McDonald's MCD 2.5 24 267.87 +12.11 1.67 28.95 22.86 NiSource NI 3.9 17 25.72 +0.57 .25
24.80 19.34 ICICI Bank IBN .5 17 22.84 +0.75.1736 34.53 24.87 JuniperNetworks JNPR 3.2 24 27.26 +0.65 .22 24.81 10.27 Lemonade LMND ... dd 17.32 +6.75 ... 10.00 3.39 McEwenMining MUX ... dd 7.12 +0.03 ... 21.53 10.88 NoahHoldings NOAH 3.0 7 11.98 +0.13 .38
40 BARRON’S November 6, 2023
37.08 15.91 OnHolding ONON ... cc 28.06 +3.55 ... 448.71 364.98 TeledyneTech TDY ... 23 379.46 +8.75 ...
85.91 44.13 PlanetFitness PLNT ... 38 55.32 +1.13 ... 5.48 2.77 RushStreetInt RSI ... dd 3.80 +0.50 ... 100.94 73.50 Sony SONY .5 16 87.42 +7.38.2861 276.43 177.63 Teleflex TFX .6 25 211.03 +31.64 .34
24.77 17.55 OneLiberty OLP 9.3 15 19.28 +1.21 .45 5.81 2.04 PlanetLabs PL ... dd 2.28 +0.21 ... 50.64 32.13 RyanSpecialty RYAN ... 77 44.30 –0.93 ... 75.80 61.56 Southern SO 4.0 25 70.39 +3.86 .70 9.76 6.49 TelefonicaBras VIV 4.8 18 9.66 +0.77.0152
9.64 2.61 OneConnectFin OCFT ... dd 2.85 +0.14 ... 8.28 4.38 PlayAGS AGS ... 83 7.77 +0.58 ... 107.90 76.15 RyderSystem R 2.8 10 100.80 +8.41 .71 87.59 51.27 SoCopper SCCO 5.4 20 74.26 +2.73 1.00 4.53 3.38 Telefonica TEF 5.9 13 3.97 +0.22.1646
48.64 31.97 OneMain OMF 10.5 7 38.24 +2.70 1.00 23.79 18.55 PlymouthIndREIT PLYM 4.2 dd 21.33 +1.94 .225 44.70 24.98 RyersonHolding RYI 2.6 11 28.98 +1.72 .185 11.66 9.99 SouthportAcqnA PORT ... 40 10.59 –0.01 ... 29.58 21.67 TelekmIndonesia TLK 3.7 15 23.13 +1.081.1296
147.72 65.61 OntoInnovation ONTO ... 34 118.90 +4.02 ... 138.49 84.15 Polaris PII 2.8 9 92.65 +7.38 .65 98.60 77.18 RymanHospitality RHP 3.3 23 91.76 +9.26 1.00 40.38 21.91 SouthwestAir LUV 3.0 32 23.70 +1.36 .18 21.75 6.44 Telephone&Data TDS 3.8 dd 19.45 +1.65 .185
16.35 10.21 Ooma OOMA ... dd 10.85 +0.11 ... 51.58 38.01 PortlandGenElec POR 4.5 19 42.24 +2.54 .475
S 73.40 53.79 SouthwestGas SWX 4.0 dd 61.52 +4.55 .62 47.70 27.35 TempurSealy TPX 1.1 18 39.05 +1.05 .11
49.32 32.82 Oppenheimer A OPY 1.6 11 36.58 +2.87 .15 98.84 78.85 PostHoldings POST ... 17 84.17 +3.53 ... 7.69 4.57 SouthwesternEner SWN ... 2 7.55 +0.48 ... 38.00 24.69 Tenaris TS .0 6 34.82 +3.40 .68
2.74 1.70 OppFi OPFI ... dd 2.33 +0.09 ... 16.24 12.98 PostalRealty PSTL 6.8 cc 13.88 +0.54.2375 145.10 94.54 SAP SAP 1.2 60 138.98 +7.592.1864 85.25 44.53 SpectrumBrands SPB 2.2 2 77.42 +2.17 .42 9.29 3.65 TencentMusic TME ... 18 7.49 +0.36 ...
127.54 74.24 Oracle ORCL 1.5 32 108.05 +7.06 .40 26.05 16.41 PowerSchool PWSC ... dd 20.30 +0.97 ... 428.65 309.85 S&P Global SPGI .9 50 382.90 +40.42 .90 43.93 18.00 SphereEnt SPHR ... 3 36.49 +3.02 ... 85.40 37.96 TenetHealthcare THC ... 12 54.92 +1.80 ...
13.08 9.58 Orange ORAN 4.8 19 11.92 +0.33.3142 87.36 41.56 PrecisionDrilling PDS ... 9 60.00 +2.19 ... 11.54 9.90 SDCLEDGEAcqn SEDA ... 59 10.73 +0.01 ... 12.64 2.80 SpireGlobal SPIR ... dd 4.14 +0.72 ... 87.53 58.59 Tennant TNC 1.4 15 82.33 +9.10 .28
12.66 5.90 OrchidIsland ORC 20.9 dd 6.89 +0.85 .12 68.54 52.90 PrestigeCnsHlth PBH ... dd 59.56 +0.71 ... 15.24 6.94 SeacorMarine SMHI ... dd 13.23 –0.77 ... 75.83 53.77 Spire SR 4.8 14 59.39 +4.59 .72 57.73 29.18 Teradata TDC ... 80 44.50 +2.28 ...
32.43 12.65 Organon OGN 8.4 6 13.30 –1.66 .28 220.00 135.00 Primerica PRI 1.3 17 204.76 +10.49 .65 5.70 1.33 SES AI SES ... dd 2.07 +0.23 ... 38.55 14.65 SpiritAeroSys SPR ... dd 25.15 +3.88 ... 65.64 39.63 Terex TEX 1.4 7 50.27 +6.46 .17
43.01 25.59 OriginBancorp OBK 1.8 10 32.45 +3.05 .15 16.47 12.27 PrimoWater PRMW 2.2 20 14.77 +1.79 .08 11.52 8.43 SFL SFL 8.6 ... 11.20 +0.39 .24 22.19 10.73 SpiritAirlines SAVE .0 dd 11.26 –3.43 .10 3.45 0.62 TerranOrbital LLAP ... dd .95 +0.12 ...
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
6.07 2.10 OrionGroup ORN ... dd 4.41 –0.07 ... 36.19 20.21 PrimorisSvcs PRIM .8 13 30.72 +1.56 .06 14.63 10.88 SITE Centers SITC 4.1 31 12.75 +1.66 .13 44.65 32.22 SpiritRealtyCap SRC 6.9 22 38.73 +6.38.6696 67.03 50.42 TerrenoRealty TRNO 3.2 29 55.96 +5.03 .45
9.95 4.41 OrionOffice ONL 7.5 dd 5.33 +0.71 .10 22.82 11.87 ProAssurance PRA 1.1 cc 17.89 +0.82 .05 83.88 56.96 SJW Group SJW 2.3 20 65.00 +6.33 .38 182.00 69.29 Spotify SPOT ... dd 169.98 +10.63 ... 6.77 2.43 TetraTech TTI ... 21 4.56 –0.99 ...
26.91 16.60 Orion OEC .4 11 21.30 +1.11.0207 76.86 41.80 ProcoreTech PCOR ... dd 52.22 –8.76 ... 21.73 18.26 SK Telecom SKM 5.2 10 21.30 +1.10.3492 11.45 10.11 SpreeAcqn1 A SHAP ... 38 10.94 +0.06 ... 11.45 7.09 TevaPharm TEVA ... dd 8.99 +0.87 ...
101.56 68.78 Orix IX 2.9 11 90.09 +0.501.5303 158.38 132.52 Procter&Gamble PG 2.5 24 150.07 +2.91.9407 44.65 19.06 SLGreenRealty SLG 9.4 dd 34.40 +5.15.2708 16.68 7.25 Sprinklr CXM ... cc 14.45 +1.12 ... 2739.00 1266.21 TexasPacLand TPL .7 35 1809.01 –10.56 3.25
101.81 60.66 OrmatTech ORA .7 42 65.57 +4.15 .12 161.00 111.41 Progressive PGR .3 34 156.21 +3.15 .10 48.55 24.66 SM Energy SM 1.5 6 40.47 –0.07 .15 41.96 28.04 Sprott SII 3.2 21 30.96 +2.14 .25 49.60 28.84 Textainer TGH 2.4 8 49.20 +0.03 .30
9.89 2.05 OscarHealth OSCR ... dd 5.73 +0.88 ... 136.67 96.64 Prologis PLD 3.3 34 106.55 +9.23 .87 9.50 2.54 SOS SOS ... dd 3.89 +0.57 ... 12.40 3.60 SprucePower SPRU ... dd 4.16 +0.41 ... 81.39 61.27 Textron TXT .1 17 77.52 +2.27 .02
106.66 72.09 Oshkosh OSK 1.7 12 94.48 +8.15 .41 5.79 3.35 PropertyGuru PGRU ... dd 3.61 –0.15 ... 91.94 61.09 SPX Tech SPXC ... cc 82.51 +3.88 ... 34.38 16.86 Squarespace SQSP ... dd 29.90 +2.04 ... 609.85 415.60 ThermoFisher TMO .3 30 454.74 +23.33 .35
12.12 9.63 OsirisAcqn OSI ... dd 10.31 –0.29 ... 12.58 6.33 ProPetro PUMP ... 10 10.22 –0.29 ... 38.83 31.01 STAG Indl STAG 4.2 35 35.36 +3.12.1225 65.99 33.83 St.Joe JOE 1.0 31 49.60 +3.43 .12 30.81 17.35 Thermon THR ... 25 30.21 +4.09 ...
6.25 2.48 OsiskoDevelopment ODV ... dd 3.23 +0.05 ... 78.76 49.60 ProsperityBcshs PB 3.9 12 57.95 +4.12 .56 91.10 55.60 SabineRoyalty SBR 12.2 8 60.60 +2.28.2787 42.42 30.15 StandardMotor SMP 3.2 12 35.90 +2.69 .29 138.85 104.14 ThomsonReuters TRI 1.5 26 127.45 +9.57 .49
17.96 10.69 OsiskoGold OR 1.4 dd 12.81 +0.46.0452 39.52 22.04 ProtoLabs PRLB ... dd 31.69 +8.41 ... 3.85 2.57 SafeBulkers SB 6.2 3 3.23 +0.05 .05 168.81 96.32 StandexIntl SXI .9 12 135.45 –5.23 .30 116.31 74.00 ThorIndustries THO 2.0 14 97.74 +12.75 .48
91.33 71.29 OtisWorldwide OTIS 1.7 24 79.81 +3.67 .34 24.58 13.43 ProvidentFinSvcs PFS 6.2 8 15.53 +1.45 .24 35.53 15.00 Safehold SAFE 4.0 dd 17.79 +2.67 .177 104.21 71.27 StanleyBlackDck SWK 3.6 dd 88.87 +6.84 .81 12.67 3.50 3D Systems DDD ... dd 4.38 +0.82 ...
19.20 3.21 Ouster OUST ... dd 4.62 +0.83 ... 110.96 75.37 PrudentialFinl PRU 5.3 61 94.15 +5.54 1.25 238.22 126.34 Salesforce CRM ... cc 207.47 +10.90 ... 69.02 46.35 Stantec STN .9 32 63.67 +3.71 .147 133.91 85.35 3M MMM 6.4 dd 93.86 +6.34 1.50
21.65 8.18 OutfrontMedia OUT 10.0 dd 12.00 +2.38 .30 34.37 19.90 Prudential PUK ... 16 22.28 +1.95 ... 18.42 7.21 SallyBeauty SBH ... 6 9.27 +0.79 ... 13.10 6.88 Starrett A SCX ... 4 10.81 +0.42 ... 73.55 28.14 Tidewater TDW ... 74 70.42 +1.84 ...
5.03 2.65 OverseasShip OSG ... 9 4.87 +0.01 ... 65.46 53.71 PublicServiceEnt PEG 3.6 11 63.59 +3.48 .57 32.41 8.42 Samsara IOT ... dd 25.03 +2.82 ... 4.53 2.64 Startek SRT ... dd 4.30 –0.04 ... 10.35 6.05 Tilly's TLYS ... dd 8.35 +0.45 ...
59.11 32.07 Ovintiv OVV 2.5 4 48.81 +1.01 .30 316.48 233.18 PublicStorage PSA 4.7 23 253.26 +14.693.00 12.25 6.45 SanJuanBasin SJT 22.4 4 7.36 +0.07.0487 21.73 16.06 StarwoodProp STWD10.0 11 19.15 +1.90 .48 95.08 65.71 Timken TKR 1.8 12 72.70 +4.15 .33
22.86 11.79 Owens&Minor OMI ... dd 19.71 +5.84 ... 86.16 37.33 PulteGroup PHM .8 7 83.37 +11.45 .16 22.05 12.62 SandRidgeEnergy SD 2.5 3 16.12 +0.23 .10 94.74 62.78 StateStreet STT 4.1 10 67.76 +4.83 .69 23.49 15.51 TimkenSteel TMST ... dd 19.91 +0.06 ...
147.00 81.90 OwensCorning OC 1.7 9 122.66 +11.13 .52 40.50 22.14 PureStorage PSTG ... dd 34.96 +2.01 ... 6.31 4.27 SandstormGold SAND 1.2 27 4.88 +0.17.0145 48.00 38.00 SteelPartners SPLP ... 6 41.00 –2.00 ... 17.29 9.23 TItanIntl TWI ... 6 12.15 +0.92 ...
16.10 2.52 Owlet OWLT ... dd 4.33 +0.28 ... 11.08 10.21 PyrophyteAcqn PHYT ... 30 10.94 +0.02 ... 28.87 22.29 SaratogaInvt SAR 11.2 9 24.84 +1.79 .71 11.97 6.20 Steelcase SCS 3.5 24 11.41 +1.05 .10 27.00 15.53 Toast TOST ... dd 17.49 +1.72 ...
123.37 82.33 OxfordIndustries OXM 2.9 9 88.59 +2.69 .65 36.52 18.91 Q2 QTWO ... dd 34.14 +4.76 ... 18.70 11.56 Sasol SSL 5.7 15 12.75 –0.36.5248 20.71 13.24 Stellantis STLA ... 3 20.11 +2.07 ... 84.57 41.55 Toll Bros TOL 1.0 6 81.27 +12.50 .21
PQ 51.18 34.74 Qiagen QGEN ... 27 39.20 +3.09 ... 44.09 32.13 SaulCenters BFS 6.4 23 36.84 +2.75 .59 36.09 20.24 StellarBancorp STEL 2.2 12 23.61 +2.16 .13 46.11 29.07 TootsieRoll TR 1.2 27 30.68 +0.38 .09
6.41 2.68 QuadGraphics QUAD ... dd 4.50 –0.23 ... 26.88 13.92 SaversValue SVV ... 36 15.85 +1.30 ... 14.83 3.00 Stem STEM ... dd 3.67 +0.63 ... 307.54 140.66 TopBuild BLD ... 14 264.35 +45.71 ...
56.38 31.26 PBF Energy PBF 2.2 2 45.99 –0.11 .25 216.45 138.67 QuakerHoughton KWR 1.1 cc 161.33 +22.14 .455 62.12 42.73 Schlumberger SLB 1.8 20 56.87 +1.04 .25 114.97 63.60 Stepan SCL 1.9 34 77.70 +3.14 .375 25.96 11.59 TopgolfCallaway MODG ... 26 13.02 +0.89 ...
18.19 14.32 PG&E PCG ... 18 16.89 +1.08 ... 29.63 18.71 QuanexBldg NX 1.1 12 28.88 +2.56 .08 31.74 21.65 SchneiderNatl SNDR 1.6 12 22.14 –2.88 .09 254.00 160.15 Steris STE 1.0 cc 217.23 +7.84 .52 117.66 78.35 Toro TTC 1.6 24 86.08 +4.80 .34
32.78 17.43 PGT Innovations PGTI ... 16 30.84 +1.03 ... 212.82 134.61 QuantaServices PWR .2 36 169.18 +4.31 .08 86.63 45.00 SchwabC SCHW 1.8 19 55.83 +5.71 .25 36.30 13.71 Stevanato STVN .2 45 26.67 –2.05.0578 70.67 54.69 TorontoDomBk TD 4.8 10 59.23 +4.33.7193
37.00 24.49 PHINIA PHIN 3.7 ... 26.75 +1.24 .25 13.86 4.99 QuantumScape QS ... dd 6.09 +0.81 ... 123.53 95.43 ScienceApplicat SAIC 1.3 12 110.95 +4.04 .37 51.72 35.96 StewartInfo STC 4.0 37 46.97 +4.18 .475 4.96 1.21 Torrid CURV ... 13 2.69 +0.53 ...
4.37 2.33 PHX Minerals PHX 2.6 5 3.49 –0.20.0225 2.54 0.69 Qudian QD ... 15 1.76 –0.04 ... 64.20 40.34 ScorpioTankers STNG 1.7 4 58.55 +0.83 .25 68.77 53.48 StifelFinancial SF 2.4 14 61.00 +5.20 .36 11.21 9.86 TortoiseEcoIII A TRTL ... 32 10.53 +0.01 ...
86.92 59.61 PJT Partners PJT 1.2 27 83.09 +10.72 .25 158.34 119.59 QuestDiag DGX 2.1 20 133.91 +6.23 .71 88.61 43.67 ScottsMiracleGro SMG 4.9 dd 54.29 +9.29 .66 55.85 31.32 STMicroelec STM .5 9 41.25 +1.66 .06 68.83 54.94 TotalEnergies TTE ... 8 66.45 +0.18 ...
30.64 19.02 PLDT PHI 5.4 22 22.66 +1.05.8628 R 8.90 3.71 ScullyRoyalty SRL 17.6 dd 4.48 +0.39 .17 25.87 14.18 Stoneridge SRI ... dd 16.88 +0.80 ... 12.65 7.05 TownsquareMedia TSQ 8.3 cc 9.09 +0.90.1875
170.28 109.40 PNC Finl PNC 5.0 9 123.21 +11.97 1.55 12.70 7.93 SculptorCapMgmt SCU 2.9 dd 12.57 –0.08 .06 56.55 30.66 Stride LRN ... 15 55.87 +1.43 ... 195.65 132.35 ToyotaMotor TM 2.0 9 189.59 +16.782.4959
49.60 42.09 PNM Resources PNM 3.5 24 42.40 –0.54.3675 254.50 195.18 RBC Bearings RBC ... 41 220.44 +4.34 ... 88.84 34.87 Sea SE ... cc 44.79 +4.82 ... 306.93 205.94 Stryker SYK 1.1 41 276.22 +14.31 .75 6.70 2.33 Traeger COOK ... dd 2.91 +0.24 ...
133.09 45.72 POSCO PKX 1.7 26 83.44 +5.47.7334 68.25 48.72 RB Global RBA 1.6 73 68.01 +5.77 .27 16.18 9.72 SeabridgeGold SA ... dd 11.71 +0.72 ... 9.57 1.88 StudioCity MSC ... dd 4.37 –0.53 ... 219.50 162.04 TraneTech TT 1.4 26 218.00 +33.31 .75
152.89 111.93 PPG Ind PPG 2.0 21 128.31 +7.59 .65 11.89 10.15 RCF Acqn A RCFA ... 33 11.02 +0.02 ... 50.72 28.36 SeaDrill SDRL ... 6 41.65 +1.80 ... 63.21 45.01 SturmRuger RGR 2.8 14 45.14 –8.78 .17 10.40 7.22 Transalta TAC 2.1 11 7.88 +0.53.0398
31.74 22.20 PPL PPL 3.8 24 25.37 +1.09 .24 35.89 25.94 RELX RELX 2.0 32 35.11 +1.03.2195 56.43 28.50 SealedAir SEE 2.3 16 34.62 +3.74 .20 17.78 14.42 SuburbanPropane SPH 7.3 13 17.76 +0.76 .325 47.35 27.23 TrancntlRlty TCI ... 1 30.73 +2.01 ...
44.81 16.26 ProgHoldings PRG ... 9 28.85 +1.75 ... 24.28 10.08 RE/MAX RMAX 7.9 dd 11.65 +0.52 .23 68.19 40.87 SeaWorldEnt SEAS ... 12 47.27 +6.13 ... 10.58 5.70 SumitomoMits SMFG 2.8 12 10.15 +0.54 .173 940.00 563.98 TransDigm TDG ... 47 882.08 +63.03 ...
12.29 10.00 ProofAcqnIA PACI ... 61 10.78 –0.05 ... 16.54 9.85 REV REVG 1.3 37 15.10 +0.71 .05 33.51 18.86 SelectMedical SEM 2.2 13 22.31 –0.30 .125 8.81 5.31 SummitHotelProp INN 3.8 dd 6.38 +1.01 .06 8.88 3.65 Transocean RIG ... dd 6.84 +0.29 ...
38.96 20.32 PROS PRO ... dd 35.25 +2.83 ... 406.38 207.26 RH RH ... 18 240.13 +27.00 ... 9.75 5.52 SelectWater WTTR 2.6 15 7.69 +0.34 .06 39.56 25.43 SummitMaterials SUM ... 13 34.34 +2.85 ... 14.19 8.03 TransportadGas TGS ... 11 10.54 –0.61 ...
35.57 4.30 PSQ PSQH ... dd 6.57 +0.12 ... 149.65 123.05 RLI RLI .8 22 135.12 +4.85 .27 2.94 0.52 SelectQuote SLQT ... dd 1.32 +0.08 ... 21.49 13.00 SummitMidstream SMLP ... dd 19.90 +1.60 ... 82.75 42.09 TransUnion TRU .8 dd 50.31 +6.71 .105
13.41 8.75 P10 PX 1.2 98 10.08 +0.98.0325 12.92 9.07 RLJ Lodging RLJ 3.9 33 10.35 +1.22 .10 84.13 63.75 Sempra SRE 3.3 18 72.35 +2.63 .595 163.83 102.74 SunComms SUI 3.1 65 119.54 +11.50 .93 44.99 32.10 Travel+Leisure TNL 5.1 8 35.45 +2.93 .45
94.51 50.09 PVH PVH .2 26 77.20 +4.89.0375 3.06 1.33 RLX Tech RLX ... 36 1.66 +0.01 ... 12.48 7.16 Semrush SEMR ... dd 8.15 +0.10 ... 53.21 43.47 SunLifeFinancial SLF 4.6 13 48.03 +3.29.5518 194.51 157.33 Travelers TRV 2.4 18 168.41 +7.73 1.00
159.18 119.44 PackagingCpAm PKG 3.2 18 158.27 +8.09 1.25 10.90 6.54 RPC RES 2.0 7 8.20 –0.24 .04 20.98 10.44 SendasDistrib ASAI .7 21 12.21 +1.05.0358 10.43 6.71 SunCokeEnergy SXC 4.4 14 9.17 –0.38 .10 12.51 4.35 Tredegar TG .0 dd 4.78 +0.26 .13
35.33 19.18 PagerDuty PD ... dd 21.43 +1.79 ... 107.40 78.52 RPM RPM 1.9 24 96.33 +7.11 .46 54.34 30.81 SensataTech ST 1.5 16 32.46 –1.85 .12 37.23 27.59 SuncorEnergy SU 4.6 10 33.75 +1.28.3868 55.30 38.18 TreeHouseFoods THS ... 42 42.50 +1.03 ...
14.86 6.93 PagSeguroDig PAGS ... 8 7.74 +0.69 ... 11.67 8.62 RPT Realty RPT 5.0 16 11.29 +1.14 .14 79.19 52.90 SensientTech SXT 2.8 19 58.68 +2.80 .41 15.40 2.97 SunlandsTech STG ... 1 5.98 +0.31 ... 76.05 40.02 Trex TREX ... 35 62.71 +8.43 ...
20.24 5.92 PalantirTech PLTR ... cc 18.89 +3.82 ... 104.91 68.56 RTX RTX 2.9 38 82.72 +3.56 .59 21.96 12.43 SentinelOne S ... dd 16.11 +0.79 ... 24.82 7.62 SunnovaEnergy NOVA ... dd 10.51 +1.88 ... 34.04 16.18 TriPointe TPH ... 7 28.33 +3.89 ...
48.79 24.84 PampaEnergia PAM ... 4 38.35 –0.55 ... 23.74 14.75 RXO RXO ... cc 18.48 +1.21 ... 3.90 1.86 SequansComms SQNS ... ... 2.85 +0.04 ... 53.74 40.81 Sunoco SUN 6.3 10 53.65 +4.44.842 9.56 6.53 TriconRes TCN 3.2 9 7.29 +0.73 .058
19.85 13.40 PanAmerSilver PAAS 2.6 dd 15.34 +0.22 .10 28.26 17.84 RadianGroup RDN 3.3 7 27.13 +2.21 .225 12.79 7.07 SeritageGrowth SRG ... dd 7.82 +0.70 ... 11.38 8.60 SunstoneHotel SHO 2.2 23 9.79 +0.75 .07 121.60 60.61 TriNet TNET ... 18 104.23 –0.01 ...
37.50 19.39 ParPacific PARR ... 3 32.49 +0.43 ... 2.52 1.44 Rafael RFL ... dd 1.77 +0.22 ... 74.66 52.89 ServiceIntl SCI 2.0 19 59.09 +5.48 .29 4.18 2.57 SuperGroup SGHC ... ... 3.83 +0.31 ... 31.68 20.04 TrinityIndustries TRN 4.3 27 24.00 +3.71 .26
November 6, 2023 BARRON’S 41
240.48 183.69 UnionPacific UNP 2.5 20 212.13 +10.41 1.30 78.49 43.68 AltairEngg ALTR ... dd 65.74 +6.25 ... 42.48 22.87 ArrowheadPharm ARWR ... dd 28.15 +4.55 ...
14.84 10.07 WesternUnion WU 8.0 6 11.74 +0.38 .235 10.94 10.07 AchariVenturesI AVHI ... dd 10.68 ... ...
9.18 2.60 Unisys UIS ... dd 2.90 +0.14 ... 11.86 10.05 AltEnergyA AEAE ... 37 10.67 +0.15 ... 11.74 9.98 ArtemisStratInvt ARTE ... 65 10.74 +0.07 ...
138.39 93.75 Westlake WLK 1.6 13 123.65 +9.17 .50 2.12 0.75 AchillesTherap ACHL ... dd .86 –0.03 ...
8.97 5.99 UnitedMicro UMC 5.8 9 7.72 +0.65 .586 17.17 2.09 Altimmune ALT ... dd 2.74 +0.43 ... 8.08 3.27 Arteris AIP ... dd 6.66 +1.29 ...
39.30 26.84 WestRock WRK 3.2 dd 37.85 +2.65.3025 18.96 4.33 AclarisTherap ACRS ... dd 5.37 +0.95 ...
47.88 12.88 UnitedNatFoods UNFI ... 46 15.71 +1.57 ... 17.67 3.52 AltisourcePortf ASPS ... dd 4.06 +0.42 ... 63.00 38.76 ArtesianRscs A ARTNA 2.7 24 42.13 +2.38.284
14.20 8.91 Westwood WHG 5.5 19 10.91 +1.88 .15 24.20 8.98 AcordaTherap ACOR ... dd 10.25 +0.69 ...
197.80 133.68 UPS B UPS 4.5 14 142.86 +8.03 1.62 14.60 5.52 Alvotech ALVO ... dd 8.88 –0.10 ... 57.96 13.57 Arvinas ARVN ... dd 17.52 +3.33 ...
130.80 0.82 WeWork WE ... dd .84 –1.60 ... 25.47 4.96 AcrivonTherap ACRV ... dd 5.75 +0.73 ...
492.33 316.59 UnitedRentals URI 1.3 13 451.51 +52.49 1.48 27.33 14.05 AmalgamFin AMAL 2.1 7 19.47 +1.97 .10 134.53 64.33 AscendisPharma ASND ... dd 94.65 +6.38 ...
36.00 27.65 Weyerhaeuser WY 2.4 36 31.09 +2.47 .19 11.31 1.83 AcumenPharm ABOS ... dd 2.19 –0.23 ...
49.95 27.27 US Bancorp USB 5.4 11 35.49 +4.85 .48 2.23 0.65 Amarin AMRN ... dd .73 +0.04 ... 15.50 7.32 AscentIndustries ACNT ... dd 8.50 –0.18 ...
52.76 32.24 WheatonPrecMet WPM 1.3 33 44.90 +1.37 .15 2.10 0.91 Adagene ADAG ... dd 1.35 –0.01 ...
34.49 20.00 US Steel X .6 8 34.24 +0.65 .05 2.65 0.52 Adaptimmune ADAP ... dd .56 +0.01 ... 145.86 81.43 Amazon.com AMZN ... 72 138.60 +10.86 ... 251.85 161.32 AspenTech AZPN ... dd 175.05 –3.44 ...
17.10 0.98 WheelsUp UP ... dd 1.44 +0.04 ... 1.78 0.67 AssemblyBiosci ASMB ... dd .87 +0.06 ...
554.80 445.68 UnitedHealth UNH 1.4 23 530.90 +6.24 1.88 10.79 3.94 AdaptiveBiotech ADPT ... dd 4.97 +0.72 ... 99.86 43.59 Ambarella AMBA ... dd 50.16 +3.37 ...
160.74 98.40 Whirlpool WHR 6.3 dd 111.46 +9.36 1.75 56.33 28.97 AstecIndustries ASTE 1.7 40 31.15 –7.93 .13
50.08 21.22 UnitySoftware U ... dd 27.64 +2.10 ... 114.99 77.30 AddusHomeCare ADUS ... 24 84.67 +2.74 ... 16.86 0.38 AmbrxBio AMAM ... ... 10.75 +0.75 ...
1617.00 1276.05 WhiteMtnIns WTM .1 16 1461.10 +35.70 1.00 76.56 60.14 AstraZeneca AZN 2.2 32 63.96 +2.07 .465
57.83 44.40 Universal UVV 6.3 11 50.61 +6.09 .80 12.37 7.12 Adeia ADEA 2.2 dd 9.08 +0.81 .05 99.75 78.38 Amdocs DOX 2.1 18 82.53 +3.84 .435
10.95 8.21 WhitestoneREIT WSR 4.4 15 10.89 +1.37 .04 16.28 4.48 AstriaTherap ATXS ... dd 4.94 +0.08 ...
57.52 37.00 UniversalHealth UHT 7.1 32 40.70 +2.66 .72 21.87 1.19 AdicetBio ACET ... dd 1.65 +0.39 ... 106.02 69.36 Amedisys AMED ... cc 91.83 +0.42 ...
12.45 6.69 WideOpenWest WOW ... dd 7.57 +0.80 ... 22.44 7.46 Astronics ATRO ... dd 16.05 +1.25 ...
158.57 109.35 UniversalHealthB UHS .6 13 128.25 +4.91 .20 19.30 7.82 AdlaiNortye ANL ... ... 8.51 +0.39 ... 19.08 10.86 AmerAirlines AAL ... 5 11.98 +1.06 ...
49.58 28.84 Wiley A WLY 4.6 dd 30.76 +0.67 .35 17.21 11.10 AstroNova ALOT ... cc 13.53 +0.25 ...
100.32 69.38 AEP AEP 4.4 18 79.72 +4.79 .83
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
20.15 9.13 UnivInsurance UVE 4.0 7 16.15 +2.05 .16 574.40 278.23 Adobe ADBE ... 51 563.66 +55.54 ...
49.19 28.58 Wiley B WLYB 4.6 dd 30.58 +0.37 .35 5.64 1.17 AtaraBiotherap ATRA ... dd 1.29 +0.04 ...
9.49 5.57 UnvlTechInst UTI ... cc 9.08 +0.67 ... 3.78 1.17 AdvEmissions ADES ... dd 1.83 +0.11 ... 43.94 25.26 AmerNatlBkshrs AMNB 2.8 15 42.52 +5.52 .30
36.22 27.80 Williams WMB 5.0 16 36.08 +2.03.4475 11.60 6.97 AmOutdoorBrands AOUT ... dd 8.93 +0.63 ... 6.21 2.85 AteaPharm AVIR ... dd 3.27 +0.19 ...
52.15 36.27 UnumGroup UNM 3.3 7 43.62 –4.48 .365 126.38 80.61 AdvEnergyInds AEIS .4 26 91.75 +3.92 .10
164.47 109.44 Williams-Sonoma WSM 2.3 11 154.31 +8.49 .90 14.22 3.76 AmerPubEduc APEI ... dd 4.69 +0.54 ... 4.41 1.38 AthiraPharma ATHA ... dd 1.62 +0.07 ...
17.68 13.13 UrbanEdgeProp UE 3.8 49 16.99 +2.52 .16 70.53 51.74 Winnebago WGO 1.9 11 64.30 +7.08 .31 132.83 59.80 AdvMicroDevices AMD ... cc 112.25 +15.82 ...
17.52 10.11 AmerSoftware AMSWA 4.0 34 11.07 +0.39 .11 50.15 34.10 AtlantaBravesC BATRK ... ... 35.89 +1.51 ...
19.15 11.17 UtzBrands UTZ 1.8 cc 12.38 +0.11 .057 5.31 4.32 Wipro WIT .2 18 4.62 +0.11.1225 3.47 1.13 AdvantageSolns ADV ... dd 2.40 +0.24 ...
17.37 3.20 AmerSupercond AMSC ... dd 7.75 +1.54 ... 54.94 37.32 AtlantaBravesA BATRA ... ... 39.32 +1.63 ...
7.55 4.98 WisdomTree WT 1.9 25 6.42 +0.21 .03 8.99 1.16 Aemetis AMTX ... dd 4.85 +0.54 ... 3.14 1.67 AtlanticAmerican AAME 1.1 cc 1.88 ... .02
V 80.27 43.27 AmericanWoodmark AMWD ... 11 72.73 +6.98 ...
95.63 27.35 Wolfspeed WOLF ... dd 34.82 +6.12 ... 30.79 9.41 AerovateTherap AVTE ... dd 11.47 +1.89 ... 11.12 9.79 AtlCoastal II A ACAB ... 66 10.60 ... ...
124.33 80.58 AeroVironment AVAV ... dd 119.82 +5.89 ... 127.96 52.24 AmerCarMart CRMT ... 45 74.26 +9.86 ...
34.90 12.85 VF VFC 2.3 dd 15.50 –1.40 .09 18.41 7.21 WolverineWwide WWW 4.7 dd 8.45 +0.37 .10 54.24 28.33 AmerisBancorp ABCB 1.4 10 41.84 +5.90 .15 29.81 16.35 AtlanticaSust AY 9.2 cc 19.39 +1.63.445
10.97 10.01 AetheriumAcqnA GMFI ... dd 10.88 +0.01 ... 43.70 21.65 Atlanticus ATLC ... 7 30.00 +1.36 ...
4.00 1.00 ViaOptronics VIAO ... dd 1.19 –0.07 ... 26.93 19.95 WoodsideEnergy WDS10.0 6 22.00 –0.14 .80 4.12 2.41 AmeriServFin ASRV 4.6 15 2.61 +0.06 .03
25.63 8.62 AffirmHldgs AFRM ... dd 22.43 +5.50 ... 215.77 113.86 Atlassian TEAM ... dd 176.90 +0.44 ...
35.07 26.63 VICI Prop VICI 5.7 12 29.17 +1.83 .415 33.09 24.42 WooriFinl WF 7.8 3 28.30 +2.09 .316 296.67 211.71 Amgen AMGN 3.2 19 269.86 +8.29 2.13
17.69 9.66 Afya AFYA ... 24 17.10 +1.09 ... 29.40 11.02 AtourLifestyle ATAT .7 82 19.45 +0.98 .15
11.60 4.82 Vizio VZIO ... cc 5.58 +0.70 ... 116.00 66.08 Workiva WK ... dd 89.68 –3.84 ... 14.10 9.10 AmicusTherap FOLD ... dd 11.58 +0.87 ...
90.73 60.21 Agilysys AGYS ... cc 90.06 +9.60 ... 2.05 0.20 Atreca BCEL ... dd .26 +0.06 ...
13.70 6.86 VOC Energy VOC 10.5 7 8.49 –0.20 .225 30.65 17.69 WorldKinect WKC 2.7 12 20.40 +2.26 .14 31.38 17.58 AmkorTech AMKR 1.3 14 23.83 +3.06 .075
31.87 19.80 AgiosPharm AGIO ... dd 22.49 +2.52 ... 59.61 32.90 AtriCure ATRC ... dd 36.98 +3.64 ...
6.68 3.12 VTEX VTEX ... ... 5.71 +0.31 ... 77.42 48.16 WorthingtonInds WOR 2.0 11 63.53 +2.69 .32 67.66 26.76 AmphastarPharm AMPH ... 24 46.59 +1.95 ...
4.85 2.37 Agora API ... dd 3.01 +0.05 ... 705.74 305.05 Atrion ATRI 2.6 22 336.80 –6.40 2.20
56.75 36.45 V2X VVX ... dd 51.44 +1.43 ... 81.00 63.69 WyndhamHtls WH 1.9 22 74.72 +3.79 .35 28.95 18.50 AirT AIRT ... dd 24.00 +0.89 ... 11.98 6.84 AmtechSystems ASYS ... 29 7.41 +0.10 ...
5.73 3.51 VaalcoEnergy EGY 4.9 12 4.48 +0.06.0625 41.93 15.61 AmylyxPharm AMLX ... dd 18.43 +2.69 ... 24.98 18.80 AuburnNatlBncp AUBN 5.1 7 21.02 –0.08 .27
XYZ 29.47 14.39 AirTransportSvcs ATSG ... 11 20.62 +1.69 ... 21.19 7.14 AudioCodes AUDC 3.6 25 9.92 +2.73 .18
269.50 204.88 VailResorts MTN 3.7 34 225.01 +18.49 2.06 154.95 81.91 Airbnb ABNB ... 15 122.64 +8.55 ... 200.10 141.11 AnalogDevices ADI 2.0 23 167.92 +7.35 .86
80.00 54.13 Valaris VAL ... 43 69.13 +2.83 ... 32.44 15.88 AnaptysBio ANAB ... dd 17.53 +1.18 ... 14.38 6.60 AuraBiosciences AURA ... dd 11.98 +4.73 ...
5.00 1.80 XFinancial XYF .0 1 4.15 +0.08 .30 9.94 2.69 AirSculptTech AIRS ... dd 6.54 +0.39 ... 11.64 10.10 AuraFatProjectsA AFAR ... 47 10.77 –0.01 ...
19.31 12.22 Vale VALE 8.0 6 14.53 +1.04.1541 80.42 29.02 XPO XPO ... cc 79.53 +12.20 ... 109.24 70.65 AkamaiTech AKAM ... 37 108.50 +6.49 ... 15.24 4.90 AnavexLifeSci AVXL ... dd 6.04 +0.84 ...
53.45 33.20 Andersons ANDE 1.4 21 52.77 +3.46 .185 12.43 4.07 AuriniaPharm AUPH ... dd 8.23 +1.04 ...
5.99 2.01 ValensSemicon VLN ... dd 2.17 +0.06 ... 16.10 10.90 XeniaHotels XHR 3.2 30 12.39 +1.14 .10 58.38 11.25 AkeroTherap AKRO ... dd 14.58 +3.20 ...
3.08 0.63 Anghami ANGH ... dd .90 –0.17 ... 3.92 1.10 AuroraInnov AUR ... dd 2.01 +0.29 ...
152.20 104.18 ValeroEnergy VLO 3.2 4 126.43 +2.87 1.02 7.55 2.00 XinyuanRealEst XIN ... dd 2.89 +0.22 ... 14.38 3.04 Akoya AKYA ... dd 3.96 +0.83 ...
4.18 1.55 Angi ANGI ... dd 1.67 +0.08 ... 11.57 10.10 AuroraTechA ATAK ... cc 10.93 ... ...
26.99 10.80 Valhi VHI 2.8 49 11.59 –0.16 .08 23.62 6.63 XPeng XPEV ... dd 17.14 +2.44 ... 62.64 44.92 Alarm.com ALRM ... 42 52.33 –1.06 ...
15.96 6.06 AngioDynamics ANGO ... 45 6.81 +0.45 ... 0.17 0.05 AuroraTechRt ATAKR ... ... .11 –0.03 ...
353.36 188.63 ValmontInds VMI 1.2 28 202.25 +13.45 .60 13.62 7.91 Xperi XPER ... dd 8.85 +0.73 ... 11.28 10.17 AlchemyInv1 A ALCY ... ... 10.36 +0.01 ... 233.69 179.61 Autodesk ADSK ... 50 203.98 +8.83 ...
39.67 29.22 Valvoline VVV .0 dd 30.93 +0.97 .125 9.86 4.88 Alector ALEC ... dd 5.88 +0.75 ... 32.51 16.54 AnikaTherap ANIK ... dd 21.12 +2.59 ...
33.58 11.31 XponentialFit XPOF ... dd 14.22 +0.42 ... 4.11 1.60 AutolusTherap AUTL ... dd 4.09 +1.45 ...
23.65 2.20 Vapotherm VAPO ... dd 2.86 +0.08 ... 9.20 5.64 AlgomaSteel ASTL 2.7 38 7.39 +0.42 .05 7.65 1.57 Annexon ANNX ... dd 2.59 +0.51 ...
118.58 87.59 Xylem XYL 1.4 40 96.93 +8.76 .33 274.92 201.46 ADP ADP 2.3 26 219.31 +4.47 1.25
14.39 9.86 VectorGroup VGR 7.6 10 10.55 +0.41 .20 33.20 22.58 Alico ALCO .8 dd 25.62 +1.80 .05 94.75 19.83 ApellisPharm APLS ... dd 46.83 –0.71 ...
51.27 30.08 Yeti YETI ... 57 43.62 +2.45 ... 16.85 5.64 AvadelPharm AVDL ... dd 10.88 +1.05 ...
225.49 157.00 VeevaSystems VEEV ... 59 194.59 +5.07 ... 413.20 174.13 AlignTech ALGN ... 42 197.44 +6.50 ... 51.69 36.62 ApogeeEnt APOG 2.2 10 44.62 +3.25 .24
16.19 6.79 YPF YPF ... 2 10.72 –0.32 ... 30.23 19.13 Avantax AVTA ... dd 25.83 +0.06 ...
3.97 1.11 Velo3D VLD ... dd 1.35 +0.12 ... 13.92 4.88 AlignmentHlthcr ALHC ... dd 6.02 –0.82 ... 25.54 14.51 ApogeeTherap APGE ... ... 19.08 +3.32 ...
5.81 3.36 Yalla YALA ... 13 5.73 +0.42 ... 2.05 0.67 AveannaHealth AVAH ... dd 1.47 +0.27 ...
15.55 7.81 VelocityFinl VEL ... 10 12.86 +1.46 ... 2.41 0.54 AligosTherap ALGS ... dd .76 +0.14 ... 49.00 0.55 ApollomicsA APLM ... ... .80 –0.07 ...
1.82 0.81 YatsenHolding YSG ... dd .91 –0.01 ... 7.67 3.59 AvePoint AVPT ... dd 7.60 +0.30 ...
53.15 36.75 Ventas VTR 4.1 cc 44.08 +2.43 .45 5.50 1.30 AlimeraSciences ALIM ... dd 3.39 +0.23 ... 207.40 100.20 AppFolio APPF ... dd 198.06 +10.12 ...
47.59 25.30 Yelp YELP ... 35 44.73 +3.68 ... 39.80 21.15 AviatNetworks AVNW ... 20 30.51 +5.05 ...
21.24 10.70 AlkamiTech ALKT ... dd 20.01 +1.74 ... 54.26 29.80 Appian APPN ... dd 39.90 –0.08 ...
89.00 65.51 Veralto VLTO ... 20 70.80 +2.81 ... 14.35 4.97 Yext YEXT ... dd 6.35 +0.46 ... 33.41 19.78 AvidTechnology AVID ... 37 27.04 +0.05 ...
33.71 22.01 Alkermes ALKS ... 20 24.79 +0.89 ... 198.23 124.17 Apple AAPL .5 29 176.65 +8.43 .24
18.98 13.07 VerisResidential VRE 1.4 dd 14.66 +1.24 .05 3.85 0.83 YirenDigital YRD ... 1 2.23 +0.03 ... 25.74 4.83 AvidityBio RNA ... dd 5.47 +0.60 ...
8.73 1.74 Allakos ALLK ... dd 2.25 +0.49 ... 11.62 1.45 AppliedDigital APLD ... dd 5.46 +0.65 ...
169.85 101.50 Veritiv VRTV 1.5 8 169.69 +0.29 .63 10.00 3.03 Youdao DAO ... dd 4.35 +0.37 ... 12.75 6.88 AvidXchange AVDX ... dd 7.60 –1.00 ...
3.45 0.77 Allbirds BIRD ... dd .94 +0.11 ... 155.26 88.84 ApplMaterials AMAT .9 18 139.75 +8.45 .32
42.58 30.14 Verizon VZ 7.4 7 36.02 +2.58 .665 143.25 115.53 Yum!Brands YUM 1.9 24 126.34 +6.90 .605 251.26 153.55 AvisBudget CAR ... 4 200.02 +39.07 ...
130.93 60.76 AllegiantTravel ALGT 3.7 7 64.81 –2.73 .60 16.26 1.60 AppliedOptoelec AAOI ... dd 9.47 +2.43 ...
25.12 10.75 VermilionEnergy VET 1.9 3 14.08 –0.55 .072 64.70 41.48 YumChina YUMC 1.1 24 45.38 –7.13 .13 51.65 39.64 Avnet AVT 2.7 5 46.60 +0.91 .31
53.05 24.66 AllegroMicro ALGM ... 20 26.09 –1.54 ... 3.11 0.64 AppliedTherap APLT ... dd 2.37 –0.24 ...
4.58 0.83 VerticalAerospace EVTL ... dd .92 –0.11 ... 29.38 7.65 ZimIntShipping ZIM 118.5 1 7.89 –0.256.40 2.01 1.05 Aware AWRE ... dd 1.66 +0.58 ...
25.05 17.05 AllianceResource ARLP11.7 4 24.00 +1.52 .70 44.89 9.14 Applovin APP ... cc 39.27 +3.05 ...
43.13 11.95 Vertiv VRT .0 62 40.44 +4.02 .01 30.05 18.40 ZTO Express ZTO .0 17 24.57 +1.02 .37 201.00 61.30 AxcelisTechs ACLS ... 19 131.11 –6.93 ...
57.52 45.15 AlliantEnergy LNT 3.5 19 51.10 +2.17.4525 11.04 9.86 APxAcqnI A APXI ... 83 11.00 +0.01 ...
20.25 13.83 Vestis VSTS ... ... 16.76 +2.20 ... 10.78 9.90 ZalatorisAcqn TCOA ... 83 10.56 ... ... 41.25 2.59 AxcellaHealth AXLA ... dd 5.95 –0.07 ...
44.88 25.31 Allient ALNT .5 18 26.19 –1.43 .03 7.97 1.31 ApyxMedical APYX ... dd 2.62 +0.24 ...
34.64 17.10 Viad VVI ... 99 27.92 +4.87 ... 2.19 0.96 ZeppHealth ZEPP ... dd 1.18 +0.18 ... 229.95 143.68 AxonEnterprise AXON ... cc 217.25 +16.50 ...
11.10 2.53 AllogeneTherap ALLO ... dd 3.50 +0.97 ... 2.69 0.72 AquestiveTherap AQST ... dd 1.60 +0.18 ...
3.96 0.32 VicariousSurgical RBOT ... dd .40 +0.06 ... 11.28 7.24 ZetaGlobal ZETA ... dd 8.45 +0.79 ... 71.99 47.59 Axonics AXNX ... dd 54.34 +4.96 ...
4.69 1.50 Allot ALLT ... dd 1.60 –0.27 ... 2.46 0.11 Aravive ARAV ... dd .14 +0.01 ...
48.16 13.62 Victoria'sSecret VSCO ... 8 19.58 +1.06 ... 5.24 1.66 ZeviaPBC ZVIA ... dd 2.07 +0.29 ... 91.29 49.60 AxsomeTherap AXSM ... dd 65.14 +3.06 ...
8.95 1.34 AlloVir ALVR ... dd 1.68 +0.34 ... 3.15 1.69 ArbutusBiopharma ABUS ... dd 1.92 +0.19 ... 63.60 36.01 Azenta AZTA ... dd 49.77 +3.40 ...
8.50 1.00 VinceHolding VNCE ... 1 1.42 +0.34 ... 2.11 0.89 Zhihu ZH ... dd 1.02 ... ... 122.86 68.00 ArcBest ARCB .4 26 120.00 +17.74 .12
19.13 7.62 Vipshop VIPS ... 8 15.52 +1.05 ... 149.25 102.00 ZimmerBiomet ZBH .9 45 108.75 +5.56 .24 48.92 18.70 Arcellx ACLX ... dd 44.63 +12.88 ... B
6.61 1.38 VirginGalactic SPCE ... dd 1.85 +0.47 ... 24.05 10.27 ZipRecruiter ZIP ... 23 11.75 +1.42 ... Nasdaq Issues includes stocks traded on the Nasdaq 90.65 55.60 ArchCapital ACGL ... 11 85.55 +4.19 ... 20.22 9.40 BCB Bancorp BCBP 5.8 5 11.00 +1.07 .16
53.60 3.50 VirnetX VHC .0 dd 4.63 +0.5020.00 194.99 127.86 Zoetis ZTS .9 33 162.23 +6.20 .375 Global Select and Nasdaq Global Market tiers. They are 13.90 0.58 Arcimoto FUV ... dd .64 +0.02 ... 6.19 3.70 BGC BGC .7 57 6.11 +0.34 .01
eligible for inclusion on the basis of SEC-approved
250.06 193.33 Visa V .9 30 243.60 +14.33 .52 12.12 5.45 Zuora ZUO ... dd 7.75 +0.47 ... market value of publicly-held shares, trading volume, 14.22 7.85 ArcoPlatform ARCE ... dd 13.86 ... ... 37.83 21.64 BJsRestaurants BJRI ... 43 28.19 +2.58 ...
30.10 20.51 Vishay VSH 1.7 8 23.62 +1.02 .10 30.87 19.29 ZurnElkayWater ZWS 1.1 47 28.65 +2.87 .08 price and number of market-makers. 37.75 14.21 ArcturusTherap ARCT ... 7 19.58 +1.17 ... 109.72 62.42 BOK Fin BOKF 3.2 8 69.65 +4.94 .55
42 BARRON’S November 6, 2023
8.22 2.75 Biote BTMD ... dd 5.60 +0.49 ... 7.75 1.31 CarrolsRestr TAST ... dd 5.97 +0.28 ... 11.69 2.91 Conn's CONN ... dd 3.42 +0.33 ...
7.51 0.80 Bioventus BVS ... dd 3.84 +0.55 ... 18.84 10.43 CarterBkshrs CARE ... 7 11.67 +0.70 ... 65.68 20.06 ConsensusCloud CCSI ... 7 22.36 +1.95 ... 12.34 10.21 EsgenAcqnA ESAC ... dd 11.29 +0.06 ... 25.85 13.84 FinInstitutions FISI 6.9 5 17.28 +1.73 .30
2.16 0.38 Bitfarms BITF ... dd 1.17 +0.07 ... 11.92 10.07 CartesianGrwIIA RENE ... 25 10.87 +0.02 ... 5.45 2.10 ConsldComm CNSL ... dd 4.25 +0.19 ... 24.72 0.45 ESGL ESGL ... dd .47 –0.07 ... 40.20 3.53 FinchTherap FNCH ... dd 4.00 +0.26 ...
6.85 1.22 BlackDiamond BDTX ... dd 1.90 +0.13 ... 12.67 10.23 CarticaAcqnA CITE ... 36 10.85 +0.07 ... 31.85 13.38 ConsldWater CWCO 1.2 38 31.25 +2.22 .095 10.14 10.05 ESH Acqn A ESHA ... ... 10.14 ... ... 11.50 10.15 FinnovateAcqnA FNVT ... 82 10.93 +0.02 ...
78.71 53.02 Blackbaud BLKB ... dd 73.13 +7.83 ... 3.97 0.49 CasaSystems CASA ... dd .69 +0.07 ... 118.67 71.16 ConstellationEner CEG 1.0 49 117.07 +6.29 .282 1.35 0.12 ESH Acqn Rt ESHAR ... ... .16 +0.03 ... 11.00 10.07 FintechEcoA FEXD ... cc 10.65 –0.05 ...
77.90 47.27 BlackLine BL ... 95 55.19 +6.19 ... 95.78 72.33 CasellaWaste CWST ... cc 79.13 +5.61 ... 40.76 24.12 ConstructionPtrs ROAD ... 67 39.76 +2.46 ... 21.80 12.79 ESSA Bancorp ESSA 3.6 9 16.48 +1.32 .15 0.98 0.08 FintechEcoRt FEXDR ... ... .10 ... ...
3.95 3.03 BlackRockCapInvt BKCC11.2 25 3.57 +0.29 .10 284.18 202.13 CaseysGenStores CASY .6 22 273.57 +5.07 .43 13.75 5.65 ConsumerPtfo CPSS ... 4 9.90 +0.51 ... 19.13 11.40 EagleBncpMT EBMT 4.8 8 11.76 +0.06 .14 10.55 7.61 FinWiseBancorp FINW ... 6 8.90 +0.40 ...
13.65 9.60 BlkRkTCPCap TCPC12.0 cc 11.36 +0.99 .10 51.48 35.05 CassInfoSys CASS 3.0 18 39.52 +2.37 .30 32.10 3.55 ContextLogic WISH ... dd 4.29 +0.62 ... 40.85 12.36 EaglePharm EGRX ... 16 14.42 +0.88 ... 15.89 10.07 FirstAdvantage FA .0 41 13.32 +0.49 1.50
11.05 9.93 bleuacaciaA BLEU ... 45 10.53 –0.02 ... 29.59 9.26 CastleBiosci CSTL ... dd 17.98 +4.92 ... 399.62 265.82 Cooper COO .0 60 334.64 +27.76 .03 16.80 1.47 Eargo EAR ... dd 2.59 +0.91 ... 49.00 26.00 FirstBancorpNC FBNC 2.8 11 31.73 +3.84 .22
0.13 0.01 bleuacaciaRt BLEUR ... ... .05 +0.01 ... 47.30 27.24 CathayGenBncp CATY 3.7 7 37.23 +3.76 .34 47.39 27.79 Copart CPRT ... 36 45.93 +3.20 ... 80.98 33.86 EastWestBncp EWBC 3.2 7 59.11 +6.47 .48 32.05 22.33 FirstBancorp FNLC 5.6 9 24.78 +2.11 .35
12.80 10.11 BlockchainCoinIA BCSA ... cc 10.87 +0.04 ... 318.00 197.23 CavcoIndustries CVCO ... 12 270.56 +18.78 ... 6.09 2.71 CorMedix CRMD ... dd 3.49 +0.49 ... 19.63 9.93 EasternBankshares EBC 3.8 dd 11.68 +0.46 .11 35.90 22.82 FirstBancshares FBMS 3.7 10 26.28 +2.45 .24
28.67 19.97 Bloomin'Brands BLMN 4.1 9 23.63 +0.39 .24 16.98 8.41 CECO Env CECO ... 35 16.05 +0.39 ... 20.72 12.34 CorsairGaming CRSR ... cc 13.10 +0.39 ... 24.35 15.30 Eastern EML 2.5 16 17.71 +1.58 .11 16.16 8.59 FirstBank FRBA 2.0 11 12.00 +0.99 .06
26.00 4.70 BlueApron APRN ... dd 12.95 +0.02 ... 8.29 3.96 CellebriteDI CLBT ... dd 7.28 +0.83 ... 228.94 136.22 Corvel CRVL ... 46 199.64 +9.31 ... 12.60 2.52 EbangIntl EBON ... dd 8.21 +1.34 ... 27.98 16.26 FirstBusey BUSE 4.6 9 20.88 +1.79 .24
28.80 8.91 BlueBird BLBD ... dd 19.32 +0.68 ... 4.04 0.96 Cellectis CLLS ... dd 2.86 +1.85 ... 4.19 0.61 CorvusPharm CRVS ... dd 1.37 +0.25 ... 52.23 37.93 eBay EBAY 2.5 16 40.54 +2.55 .25 39.88 24.57 FirstBusFinSvcs FBIZ 2.8 7 33.00 +3.40.2275
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
13.17 7.08 BlueFoundryBncp BLFY ... dd 8.09 +0.44 ... 8.65 3.00 CentessaPharm CNTA ... dd 7.35 +1.20 ... 92.36 65.12 CoStar CSGP ... 78 77.38 +6.80 ... 32.87 5.12 Ebix EBIX 4.8 6 6.20 +0.68 .075 1512.07 505.84 FirstCitizBcshA FCNCA .5 2 1434.98 +86.46 1.64
11.42 10.13 BlueOceanA BOCN ... 46 10.74 +0.01 ... 2.52 0.61 Centogene CNTG ... ... 1.23 +0.18 ... 577.30 447.90 Costco COST .7 40 560.90 +17.87 1.02 24.80 13.21 EchoStar SATS ... 11 15.44 +2.17 ... 39.39 22.55 FirstCommBkshs FCBC 3.4 12 34.28 +2.33 .29
10.96 10.12 BlueWorldA BWAQ ... 57 10.84 +0.04 ... 48.48 35.60 CentralGarden CENT ... 20 44.85 +2.39 ... 22.50 10.19 Couchbase BASE ... dd 15.07 –0.06 ... 11.48 5.49 EdgewiseTherap EWTX ... dd 6.74 +0.49 ... 26.72 17.23 FirstFinBncpOH FFBC 4.6 7 20.09 +1.92 .23
0.73 0.02 BlueWorldRt BWAQR ... ... .15 –0.04 ... 45.93 33.77 CentralGardenA CENTA ... 18 40.66 +2.13 ... 57.57 29.34 CovenantLogist CVLG 1.0 10 40.88 +2.10 .11 13.94 6.08 EditasMedicine EDIT ... dd 8.31 +2.05 ... 38.57 22.84 FirstFinBkshs FFIN 2.8 18 25.95 +2.29 .18
8.58 2.52 bluebirdbio BLUE ... dd 3.48 +0.76 ... 12.97 5.70 CenturyAluminum CENX ... dd 6.87 +0.69 ... 121.17 62.69 CrackerBarrel CBRL 7.6 15 68.69 +4.07 1.30 4.00 0.90 EducDev EDUC ... dd .96 +0.03 ... 49.90 31.00 FirstFinIN THFF 3.0 7 35.71 +2.45 .54
68.00 37.82 BlueprintMed BPMC ... dd 59.77 +4.96 ... 11.95 1.28 CenturyTherap IPSC ... dd 1.76 +0.33 ... 6.61 3.58 CreativeMedia CMCT 8.6 dd 3.96 –0.06 .085 25.78 3.60 EHang EH ... dd 15.42 +1.81 ... 15.68 9.70 FirstFinNW FFNW 4.8 12 10.93 –0.24 .13
2.03 0.89 BoltBiotherap BOLT ... dd 1.03 +0.08 ... 2.38 1.55 Ceragon CRNT ... cc 1.83 +0.15 ... 576.05 358.00 CreditAcceptance CACC ... 18 443.35 +38.76 ... 10.57 2.70 eHealth EHTH ... dd 8.61 +0.75 ... 25.14 10.17 FirstGuarBcshs FGBI 6.1 7 10.52 +0.27 .16
3251.71 1797.92 Booking BKNG ... 20 2858.75 +112.59 ... 36.79 12.82 Cerence CRNC ... dd 16.59 +1.45 ... 19.46 7.20 CredoTech CRDO ... dd 14.85 +0.94 ... 4.81 0.21 EigerBioPharma EIGR ... dd .39 +0.17 ... 28.28 15.08 FirstHawaiian FHB 5.4 9 19.21 +1.40 .26
10.31 10.10 BowenAcqn BOWN ... ... 10.27 +0.05 ... 24.96 10.60 Certara CERT ... cc 12.81 +0.54 ... 17.55 12.56 CrescentCapBDC CCAP10.0 19 16.44 +1.00 .41 6.49 2.15 8x8 EGHT ... dd 3.28 +0.96 ... 28.18 9.68 FirstInternetBncp INBK 1.4 15 17.65 +1.55 .06
0.22 0.13 BowenAcqnRt BOWNR ... ... .16 –0.01 ... 4.25 1.21 Cerus CERS ... dd 1.73 +0.46 ... 9.59 4.79 Cresud CRESY .0 11 7.47 –0.03.1326 22.93 6.58 89bio ETNB ... dd 8.41 +1.71 ... 46.32 20.81 FirstInterBanc FIBK 7.6 9 24.78 +1.97 .47
36.36 14.80 BowmanConsult BWMN ... cc 28.96 +2.63 ... 10.99 9.65 ChainBridgeIA CBRG ... 29 10.79 +0.02 ... 17.89 7.15 Cricut CRCT .0 39 8.49 +0.21 1.00 13.00 8.11 ElPolloLoco LOCO ... 11 8.78 +0.57 ... 45.04 24.52 FirstMerchants FRME 4.6 7 29.65 +2.83 .34
5.80 2.89 BraggGaming BRAG ... dd 4.50 +0.34 ... 38.37 23.66 ChampionX CHX 1.1 21 31.29 +0.91 .085 31.41 15.23 CrineticsPharm CRNX ... dd 30.70 +2.38 ... 225.22 162.01 ElbitSystems ESLT 1.1 32 190.43 +4.50 .50 36.10 21.77 FirstMidBcshs FMBH 3.1 9 29.86 +3.14 .23
4.85 1.38 Brainsway BWAY ... dd 4.12 +0.96 ... 3.00 0.28 ChargeEnt CRGE ... dd .35 +0.04 ... 36.76 22.10 Criteo CRTO ... cc 23.91 –3.77 ... 140.30 108.53 ElectronicArts EA .6 36 129.59 +6.96 .19 15.99 9.94 FirstNWBncp FNWB 2.2 8 12.89 –0.14 .07
50.13 22.54 Braze BRZE ... dd 46.73 +4.94 ... 458.30 302.21 CharterComms CHTR ... 14 420.11 +48.11 ... 151.32 74.00 Crocs CROX ... 8 83.93 –2.05 ... 5.89 0.42 ElevationOnc ELEV ... dd .45 –0.09 ... 232.00 132.19 FirstSolar FSLR ... 34 151.94 +8.68 ...
36.36 6.64 BridgeBioPharma BBIO ... dd 28.83 +4.39 ... 138.64 117.18 CheckPoint CHKP ... 19 136.92 +5.08 ... 3.62 1.64 Cronos CRON ... dd 1.86 +0.14 ... 24.39 4.60 ElicioTherap ELTX ... dd 6.51 +0.11 ... 59.42 38.77 1stSource SRCE 2.9 9 47.15 +2.79 .34
25.90 3.26 BridgerAerospace BAER ... dd 5.57 +0.58 ... 41.28 28.58 Cheesecake CAKE 3.5 18 31.09 +1.16 .27 37.69 15.65 CrossCtyHlthcr CCRN ... 6 19.37 –3.65 ... 4.75 2.21 EliemTherap ELYM ... dd 2.58 –0.02 ... 20.94 12.56 FirstUnited FUNC 4.7 6 16.99 +0.67 .20
14.51 10.03 BridgfordFoods BRID ... 22 10.50 +0.14 ... 39.54 17.29 ChefsWarehouse CHEF ... 55 23.84 +5.89 ... 14.66 9.29 CrossFirstBkshs CFB ... 9 11.60 +1.32 ... 36.64 12.72 Embecta EMBC 3.7 20 16.21 +1.46 .15 20.31 12.75 FirstWatchRest FWRG ... 47 17.20 +0.46 ...
7.39 2.50 Brightcove BCOV ... dd 2.55 –0.35 ... 53.43 33.72 ChemungFinl CHMG 2.8 7 43.85 +4.22 .31 191.99 92.25 CrowdStrike CRWD ... dd 188.24 +15.42 ... 11.69 10.10 EmbraceChange EMCG ... 55 10.85 +0.01 ... 30.70 12.85 FirstWesternFin MYFW ... 10 14.88 +1.57 ...
60.54 39.24 BrighthouseFin BHF ... dd 48.66 +4.02 ... 11.49 10.18 ChengheAcqnA CHEA ... 54 10.90 +0.03 ... 4.38 0.28 CueHealth HLTH ... dd .32 +0.02 ... 0.92 0.09 EmbraceChangeRt EMCGR ... ... .13 –0.01 ... 111.84 85.30 FirstCash FCFS 1.3 22 109.10 +2.00 .35
8.27 2.66 BrilliantEarthA BRLT ... cc 2.90 +0.23 ... 106.25 69.68 ChesapeakeEner CHK 2.5 2 89.36 +3.57 .575 13.74 7.78 CullinanOncology CGEM ... dd 9.92 +1.49 ... 1.64 0.39 Emcore EMKR ... dd .46 +0.06 ... 163.95 118.12 FirstService FSV .6 49 146.91 +9.85 .225
11.34 10.03 BroadCapital BRAC ... dd 11.00 ... ... 16.50 12.91 ChicagoAtlRealEst REFI 13.0 7 14.51 +0.48 .47 2.91 1.43 CumberlandPharm CPIX ... dd 2.02 –0.02 ... 29.74 20.84 Enact ACT 2.3 7 28.23 +1.38 .16 220.19 142.13 FiveBelow FIVE ... 36 177.32 +7.56 ...
0.33 0.10 BroadCapitalRt BRACR ... ... .13 –0.01 ... 7.64 0.31 ChickenSoupA CSSE ... dd .34 –0.02 ... 7.79 2.57 CumulusMedia CMLS ... dd 4.91 +0.14 ... 62.06 8.20 EnantaPharma ENTA ... dd 9.37 +1.02 ... 14.37 2.17 5EAdvMatls FEAM ... dd 2.53 +0.09 ...
925.91 453.28 Broadcom AVGO 2.1 27 882.68 +44.324.60 13.02 1.25 ChijetMotor CJET ... 49 2.58 +0.04 ... 12.79 4.95 CureVac CVAC ... dd 5.55 +0.40 ... 58.46 34.74 EncoreCapital ECPG ... dd 42.75 +3.27 ... 89.58 46.61 Five9 FIVN ... dd 63.30 +6.70 ...
15.50 7.00 BrooklineBcp BRKL 5.8 10 9.35 +1.28 .135 48.88 14.27 Children'sPlace PLCE ... dd 27.79 +0.98 ... 52.89 2.84 Cutera CUTR ... dd 3.10 –0.22 ... 206.74 132.32 EncoreWire WIRE .0 7 188.52 +11.58 .02 31.35 17.74 FiveStarBncp FSBC 3.6 7 20.59 +1.64 .20
84.84 53.79 Bruker BRKR .3 27 58.82 +1.46 .05 2.40 0.92 Chimerix CMRX ... 1 1.06 +0.08 ... 19.94 6.57 CVRx CVRX ... dd 17.61 +4.46 ... 11.36 10.15 EnergemA ENCP ... cc 11.27 +0.07 ... 28.90 18.72 Flex FLEX ... 15 26.13 +0.41 ...
27.92 12.38 Bumble BMBL ... dd 13.67 +0.32 ... 9.21 4.86 Chindata CD ... 28 9.00 +0.11 ... 182.71 113.19 CyberArkSoftware CYBR ... dd 180.19 +23.83 ... 30.76 14.04 EnergyRecovery ERII ... 68 18.08 +3.24 ... 24.96 13.90 Flexsteel FLXS 3.2 7 18.70 –1.05 .15
2.35 0.95 BurgerFiIntl BFI ... dd 1.24 +0.27 ... 27.24 19.82 ChipMOSTechs IMOS 4.8 17 23.73 –1.211.5007 18.20 3.16 CymaBayTherap CBAY ... dd 16.36 +1.10 ... 20.44 12.11 EnlightRenewableEn ENLT ... 32 14.71 +2.50 ... 31.32 12.60 FluenceEnergy FLNC ... dd 19.01 +1.75 ...
3.80 0.87 BurningRockBio BNR ... dd .98 –0.08 ... 175.20 117.05 ChordEnergy CHRD 2.9 7 172.25 +8.02 1.25 3.10 1.13 CyteirTherap CYT ... dd 3.00 ... ... 25.34 10.89 EnlivenTherap ELVN ... 57 13.00 +2.01 ... 21.55 9.28 FlushingFinl FFIC 6.5 12 13.63 +1.58 .22
11.47 10.04 BurTechAcqnA BRKH ... cc 10.60 +0.02 ... 150.45 98.40 ChurchillDowns CHDN .3 25 118.67 +10.17 .382 15.17 4.06 CytekBiosci CTKB ... dd 4.39 +0.06 ... 23.90 6.50 Enovix ENVX ... dd 10.59 +1.82 ... 35.80 17.16 Flywire FLYW ... dd 28.47 +2.09 ...
24.46 13.05 BusFirstBcshs BFST 2.7 8 20.89 +1.78 .14 43.17 27.70 Chuy's CHUY ... 22 34.02 +0.68 ... 47.49 25.98 Cytokinetics CYTK ... dd 36.32 +4.58 ... 339.92 74.70 EnphaseEnergy ENPH ... 20 80.81 –1.28 ... 11.85 10.04 FocusImpact FIAC ... 71 10.88 +0.03 ...
4.25 0.27 BuzzFeed BZFD ... dd .33 +0.03 ... 73.72 22.92 Cimpress CMPR ... dd 62.32 +4.60 ... 3.02 1.04 CytomXTherap CTMX ... dd 1.26 +0.19 ... 104.04 85.50 EnsignGroup ENSG .2 23 102.00 +4.70.0575 9.60 1.40 FocusUniversal FCUV ... dd 1.72 +0.02 ...
11.63 10.00 byNordicAcqnA BYNO ... 64 10.87 +0.11 ... 130.66 95.01 CincinnatiFinl CINF 3.0 10 100.88 +3.30 .75 271.39 185.55 Enstar ESGR ... 14 253.31 +19.67 ... 9.97 2.84 FoghornTherap FHTX ... dd 3.83 +0.48 ...
525.37 405.63 Cintas CTAS 1.0 39 518.45 +22.04 1.35 D 114.47 61.75 Entegris ENTG .4 70 92.26 +4.44 .10 37.74 18.46 FormFactor FORM ... dd 33.67 +1.09 ...
C 5.30 0.38 CipherMining CIFR ... dd 4.10 +0.78 ... 2.37 0.96 DBV Tech DBVT ... dd 1.03 –0.04 ... 36.72 25.00 EnterpriseBncp EBTC 3.4 8 27.25 +1.90 .23 84.97 55.97 FormulaSys FORTY 1.4 15 63.00 +7.03.6215
5.80 1.71 Cadiz CDZI ... dd 3.33 +0.57 ... 111.15 65.02 CirrusLogic CRUS ... 29 70.56 +4.22 ... 17.49 4.65 DISH Network DISH ... 2 5.49 +0.81 ... 56.35 32.97 EnterpriseFinSvcs EFSC 2.7 7 37.27 +2.66 .25 39.09 22.27 ForresterRes FORR ... cc 23.54 –1.62 ...
63.77 48.01 C&F Fin CFFI 3.2 7 55.00 +2.43 .44 58.19 43.83 CiscoSystems CSCO 2.9 17 53.01 +1.45 .39 28.01 14.82 DMC Global BOOM ... 11 17.10 –1.61 ... 22.40 9.32 EntradaTherap TRDA ... dd 16.65 +2.15 ... 81.24 44.12 Fortinet FTNT ... 35 50.48 –5.78 ...
24.98 17.20 CB FinSvcs CBFV 4.7 8 21.27 –0.04 .25 34.94 14.21 CitiTrends CTRN ... 10 25.03 +2.17 ... 1.89 0.61 D-MarketElec HEPS ... dd 1.19 ... ... 75.90 41.71 ePlus PLUS ... 13 65.01 +4.10 ... 37.30 24.93 Fortrea FTRE ... ... 29.85 +2.32 ...
13.41 8.24 CCC Intelligent CCCS ... dd 10.93 +0.16 ... 14.55 7.61 CtznCmntyBcp CZWI 3.1 7 9.31 +0.44 .29 11.24 10.15 DPCapAcqnIA DPCS ... 48 10.75 ... ... 7.59 4.76 EpsilonEnergy EPSN 4.3 6 5.75 +0.27.0625 121.38 60.09 ForwardAir FWRD 1.4 16 66.23 –4.13 .24
215.81 160.66 CDW CDW 1.2 26 209.46 +10.56 .62 17.00 9.85 CitizensHolding CIZN 6.5 11 9.90 –0.17 .16 11.83 9.96 DuetAcqnA DUET ... cc 10.75 –0.01 ... 5.71 1.58 EQRx EQRX ... dd 2.47 +0.42 ... 6.08 1.43 Fossil FOSL ... dd 1.80 +0.28 ...
36.29 16.38 CEVA CEVA ... dd 19.48 +2.43 ... 102.91 82.53 CityHolding CHCO 3.0 12 96.91 +4.95 .715 39.89 22.06 DXP Ents DXPE ... 11 34.11 +2.29 ... 821.63 578.90 Equinix EQIX 2.2 83 770.76 +60.37 4.26 21.40 9.00 FosterLB FSTR ... dd 21.00 +1.65 ...
11.52 9.98 CFAcqnVII A CFFS ... cc 10.73 +0.01 ... 11.76 5.27 Clarus CLAR 1.6 dd 6.08 +0.47 .025 15.59 3.09 DadaNexus DADA ... dd 4.19 +0.27 ... 9.25 1.82 Erasca ERAS ... dd 2.42 +0.43 ... 26.49 7.43 4D Molecular FDMT ... dd 11.60 +1.13 ...
10.08 1.23 C4 Therap CCCC ... dd 1.56 +0.17 ... 11.36 9.91 CleanEarthA CLIN ... 78 10.60 –0.01 ... 10.27 1.46 Daktronics DAKT ... 14 9.57 –0.12 ... 313.87 199.49 ErieIndemnity ERIE 1.7 37 278.28 +5.02 1.19 37.26 28.07 FoxA FOXA 1.6 14 31.82 +2.38 .26
108.05 80.17 CH Robinson CHRW 3.0 25 81.69 +0.43 .61 0.22 0.08 CleanEarthRt CLINR ... ... .10 –0.02 ... 5.70 3.73 DallasNews DALN14.4 dd 4.43 +0.18 .16 17.41 9.25 Escalade ESCA 3.5 24 17.11 +0.75 .15 34.42 26.20 FoxB FOX 1.8 13 29.33 +2.22 .26
1.77 0.88 CLPS CLPS .0 cc .94 +0.06 .05 7.73 3.33 CleanEnerFuels CLNE ... dd 3.86 +0.50 ... 118.02 61.34 Datadog DDOG ... dd 82.04 +0.36 ... 8.87 0.70 EsperionTherap ESPR ... dd 1.03 +0.26 ... 127.54 49.12 FoxFactory FOXF ... 15 60.53 –20.37 ...
221.76 166.55 CME Group CME 2.1 25 208.62 –0.41 1.10 134.90 22.91 Clearfield CLFD ... 8 25.90 +2.36 ... 47.29 31.65 Dave&Buster's PLAY ... 13 36.35 +1.71 ... 5.81 2.36 EtonPharm ETON ... dd 4.55 +0.81 ... 107.36 77.69 FranklinElec FELE 1.0 21 87.54 +3.54 .225
26.60 16.43 CNB FinPA CCNE 3.5 8 20.00 +2.16 .175 1.85 0.65 ClearsideBiomed CLSD ... dd .96 +0.25 ... 14.08 4.47 Dave DAVE ... dd 5.65 +0.41 ... 149.91 58.20 Etsy ETSY ... 27 65.25 +2.79 ... 4.57 2.57 FreightCarAmer RAIL ... dd 2.64 –0.04 ...
11.48 5.22 CompassPath CMPS ... dd 6.41 +1.13 ... 11.50 10.09 ClimateRockA CLRC ... cc 10.94 +0.04 ... 2.65 1.28 DawsonGeophys DWSN ... dd 1.67 +0.06 ... 121.55 73.84 EuronetWorldwide EEFT ... 15 80.86 +3.34 ... 7.96 5.12 FrequencyElec FEIM .0 dd 7.55 –0.05 1.00
45.95 14.92 CPI Card PMTS ... 5 16.71 –0.05 ... 0.15 0.05 ClimateRockRt CLRCR ... ... .08 –0.04 ... 25.77 9.67 DayOneBiopharm DAWN ... dd 12.76 +2.59 ... 20.70 12.02 EuropeanWax EWCZ ... 94 15.89 +1.36 ... 84.70 45.13 Freshpet FRPT ... dd 58.25 +0.38 ...
November 6, 2023 BARRON’S 43
30.79 18.02 HomeTrustBcshs HTBI 2.0 7 22.00 +1.47 .11 7.54 3.07 Intevac IVAC ... dd 3.64 +0.48 ...
11.80 10.10 GigCapital5 GIA ... dd 10.84 ... ... 2.29 0.80 HomologyMed FIXX ... dd 1.04 +0.02 ... 100.85 47.46 Lantheus LNTH ... 45 64.32 –2.51 ... 35.29 19.25 MasterCraftBoat MCFT ... 6 22.22 +1.99 ...
67.05 42.01 Intra-Cellular ITCI ... dd 54.99 +6.44 ...
7.16 4.51 GilatSatellite GILT ... 61 6.45 +0.93 ... 3.75 1.06 Honest HNST ... dd 1.24 +0.13 ... 10.80 2.63 LanzaTechGlobal LNZA ... dd 3.97 –0.24 ... 54.60 27.85 MatchGroup MTCH ... 17 29.44 –4.54 ...
558.64 352.63 Intuit INTU .7 59 498.51 +18.99 .90
89.74 72.87 GileadSciences GILD 3.7 19 81.59 +4.97 .75 220.96 174.88 Honeywell HON 2.3 23 188.99 +11.99 1.08 7.06 2.15 Largo LGO ... dd 2.37 +0.13 ... 11.42 4.93 Materialise MTLS ... cc 5.68 +0.36 ...
136.00 2.65 IntuitiveMachinesA LUNR ... 4 3.41 +0.74 ...
58.70 26.24 GitLab GTLB ... dd 42.36 +0.12 ... 22.27 14.73 HookerFurnishings HOFT 4.9 dd 17.90 +1.54 .22 6.85 2.58 LarimarTherap LRMR ... dd 3.20 +0.54 ... 12.99 4.57 MatrixService MTRX ... dd 11.75 +0.40 ...
358.07 222.65 IntuitiveSurgical ISRG ... 66 278.52 +19.54 ...
11.28 8.87 GladstoneCap GLAD 9.9 10 9.99 +0.69.0825 13.98 7.42 HopeBancorp HOPE 5.8 7 9.60 +1.03 .14 11.76 10.15 LatAmGrowthA LATG ... 36 10.95 ... ... 22.64 15.36 Mattel MAT ... 84 19.42 +0.99 ...
6.82 2.22 Inventiva IVA ... dd 3.90 +0.20 ...
20.12 10.84 GladstoneComm GOOD 9.5 dd 12.66 +1.02 .10 16.43 7.69 HorizonBancorp HBNC 6.0 6 10.59 +1.26 .16 4.78 2.04 Latham SWIM ... dd 2.50 +0.39 ... 4.07 1.84 Matterport MTTR ... dd 2.20 +0.22 ...
22.48 9.09 Investar ISTR 3.7 5 10.70 +0.39 .10
14.92 12.11 GladstoneInvt GAIN 6.5 7 14.86 +1.67 .08 10.84 10.10 HorizonSpaceI HSPO ... 67 10.60 –0.03 ... 98.30 50.51 LatticeSemi LSCC ... 38 57.63 –12.50 ... 48.86 25.88 MatthewsIntl MATW 2.5 dd 36.23 +1.02 .23
4.50 3.02 InvestcpCredit ICMB13.5 16 3.56 +0.33 .03
22.13 13.35 GladstoneLand LAND 3.7 dd 14.96 +1.39.0464 1.03 0.10 HorizonSpaceI Rt HSPOR ... ... .13 –0.03 ... 14.81 9.24 LaureateEduc LAUR .0 21 13.64 –0.59 .68 7.41 2.45 MaxCyte MXCT ... dd 3.42 +0.52 ...
11.39 10.19 InvestcorpEur I A IVCB ... dd 10.95 +0.02 ...
11.19 9.90 GlblBlockchain GBBK ... 58 10.50 –0.01 ... 13.45 10.14 HorizonTechFin HRZN 11.1 dd 11.87 +1.01 .11 15.82 4.72 Lavoro LVRO ... dd 5.20 –0.06 ... 38.91 5.70 MaxeonSolar MAXN ... dd 6.29 +0.02 ...
11.31 10.17 InvestcorpIndiaA IVCA ... 32 10.90 ... ... 7.35 4.52 LeadRealEstate LRE ... 20 5.50 +0.05 ... 43.66 13.43 MaxLinear MXL ... dd 17.04 +2.12 ...
0.55 0.04 GlbBlockchainRt GBBKR ... ... .19 –0.05 ... 19.42 14.51 HostHotels HST 4.3 16 16.76 +1.71 .18 167.84 127.71 InvestorsTitle ITIC 1.2 12 149.95 +18.41 .46
45.72 18.14 Global-EOnline GLBE ... dd 37.05 +4.67 ... 3.10 0.19 HubCyberSecurity HUBC ... ... .47 –0.18 ... 23.51 8.50 LeeEnterprises LEE ... dd 9.54 +0.58 ... 111.70 85.63 McGrathRent MGRC 1.8 21 101.98 +0.19 .465
3.79 0.98 Invivyd IVVD ... dd 1.52 –0.08 ... 25.30 16.13 LegacyHousing LEGH ... 7 19.51 +1.28 ... 10.49 5.64 MedallionFinl MFIN 4.7 4 8.47 +1.95 .10
14.95 9.34 GlobalWaterRscs GWRS 2.8 38 10.75 +0.78.0248 104.67 63.45 HubGroup HUBG ... 11 71.15 +1.07 ... 48.75 32.69 IonisPharm IONS ... dd 47.19 +3.14 ...
72.50 48.12 GlobalFoundries GFS ... 20 52.85 +0.87 ... 11.70 10.01 HudsonAcqnI HUDA ... cc 10.64 +0.02 ... 15.68 6.89 LegalZoom LZ ... dd 10.56 +0.35 ... 2.73 1.86 MediciNova MNOV ... dd 1.90 –0.02 ...
9.36 3.21 IovanceBiotherap IOVA ... dd 4.21 +0.71 ...
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
11.67 10.01 GlobalinkInvt GLLI ... 95 10.84 +0.05 ... 38.00 14.66 HudsonGlobal HSON ... 26 16.20 +0.55 ... 77.32 42.91 LegendBiotech LEGN ... ... 65.97 +2.30 ... 14.58 7.10 MediWound MDWD ... dd 8.22 +0.45 ...
7.99 2.00 iQIYI IQ ... 39 4.99 +0.19 ... 68.67 43.35 LeMaitreVascular LMAT 1.2 40 48.49 +1.09 .14 282.73 167.00 Medpace MEDP ... 32 274.21 +23.93 ...
4.16 0.66 GlycoMimetics GLYC ... dd 1.35 +0.20 ... 2.08 0.48 HuizeHolding HUIZ ... 11 .91 –0.07 ... 140.23 72.42 iRhythmTechs IRTC ... dd 83.28 +5.09 ...
17.94 10.39 Gogo GOGO ... 9 11.12 +0.47 ... 5.60 1.96 Humacyte HUMA ... dd 2.22 +0.21 ... 47.82 10.12 LendingTree TREE ... dd 16.08 +5.52 ... 45.49 1.46 MeihuaIntlMed MHUA ... 6 1.72 –0.32 ...
3.48 1.31 Iridex IRIX ... dd 2.35 –0.66 ... 20.89 9.11 LeonardoDRS DRS ... 8 20.04 +1.05 ... 8.77 3.49 MeiraGTx MGTX ... dd 5.30 +1.60 ...
5.09 2.33 Gogoro GGR ... dd 2.68 +0.12 ... 209.21 163.66 JBHunt JBHT 1.0 24 175.69 +9.71 .42 68.34 35.78 IridiumComm IRDM 1.4 dd 38.24 +2.19 .13
28.43 19.62 GolarLNG GLNG 4.3 ... 23.07 +0.63 .25 15.74 9.13 HuntingtonBcshs HBAN 5.8 7 10.62 +1.18 .155 4.89 3.20 LesakaTech LSAK ... dd 4.20 –0.13 ... 14.46 5.97 MelcoResorts MLCO ... dd 8.57 +0.18 ...
8.06 1.02 IrisEnergy IREN ... ... 3.49 +0.29 ... 17.13 4.45 Leslie's LESL ... 14 5.12 +0.14 ... 1451.56 815.86 MercadoLibre MELI ... 71 1387.79 +187.34 ...
47.50 30.38 GoldenEnt GDEN .0 4 36.81 +5.252.00 30.41 19.59 Hurco HURC 3.2 40 20.14 +0.24 .16 55.93 31.37 iRobot IRBT ... dd 32.37 –1.14 ...
10.58 6.89 GoldenOcean GOGL10.0 8 7.53 +0.10 .10 113.31 66.51 HuronConsulting HURN ... 28 101.40 +3.28 ... 11.00 9.00 LexeoTherap LXEO ... ... 10.05 ... ... 37.00 23.89 MercantileBank MBWM 3.9 7 34.69 +2.64 .34
12.66 8.07 IronwoodPharm IRWD ... dd 9.50 +0.71 ... 3.79 0.96 LexiconPharm LXRX ... dd 1.48 +0.37 ... 14.20 7.37 MercerIntl MERC 3.2 dd 9.36 +1.30 .075
10.45 10.14 GoldenStarAcqn GODN ... ... 10.36 +0.01 ... 4.55 0.78 Hut8Mining HUT ... dd 2.36 +0.24 ... 11.51 10.13 IsraelAcqns ISRL ... 84 10.61 +0.03 ...
1.00 0.19 GoldenStarAcqnRt GODNR ... ... .30 +0.05 ... 3.25 0.67 Hydrofarm HYFM ... dd 1.07 +0.04 ... 3.86 1.26 LexinFintech LX 5.0 2 2.03 +0.20 .116 59.13 28.90 MercurySystems MRCY ... dd 37.22 +1.40 ...
23.00 8.20 iTeosTherap ITOS ... dd 10.34 +1.44 ... 47.33 16.09 LiAuto LI ... cc 36.36 +1.37 ... 17.38 7.80 Meridian MRBK 4.6 7 10.92 +1.36 .125
15.10 12.27 GolubCapital GBDC10.0 15 14.78 +0.63 .37 3.28 0.68 Hyperfine HYPR ... dd 1.35 +0.18 ... 79.99 43.47 Itron ITRI ... 76 64.28 +7.10 ...
9.37 3.82 GoodRx GDRX ... cc 5.37 +0.26 ... 7.50 5.07 Hywin HYW ... 11 7.13 +0.12 ... 4.34 1.20 LianBio LIAN ... dd 4.03 +0.13 ... 85.62 62.58 MeritMedical MMSI ... 42 71.85 +2.85 ...
31.01 20.35 IturanLocation ITRN 2.3 12 25.33 +1.09 .15 97.05 68.15 LibertyBroadbandA LBRDA ... 16 86.12 +8.51 ... 13.66 3.65 MerrimackPharm MACK ... dd 12.50 +0.24 ...
16.51 9.66 Goodyear GT ... dd 12.57 +0.66 ... 2.35 0.45 HyzonMotors HYZN ... dd .93 +0.06 ...
79.40 31.21 GooseheadIns GSHD ... cc 71.12 +5.62 ... J 96.88 68.67 LibertyBroadbandC LBRDK ... 16 86.15 +8.62 ... 9.62 0.80 MersanaTherap MRSN ... dd 1.42 +0.26 ...
I 22.09 15.01 LibertyGlobal A LBTYA ... dd 16.23 +1.12 ... 27.70 12.44 Merus MRUS ... dd 24.88 +4.82 ...
6.57 2.41 GoPro GPRO ... dd 2.83 +0.40 ... 24.61 13.67 JakksPacific JAKK ... 3 24.46 +8.34 ...
11.10 9.70 GoresIX A GHIX ... cc 10.44 +0.02 ... 69.85 41.39 IAC IAC ... 16 44.80 +2.96 ... 177.71 133.27 J&JSnackFoods JJSF 1.8 47 159.54 +7.19 .735 22.20 15.47 LibertyGlobal B LBTYB ... dd 17.55 +1.55 ... 3.82 0.43 MesaAir MESA ... dd .64 +0.09 ...
10.57 0.45 GossamerBio GOSS ... dd .57 +0.08 ... 31.40 11.45 IBEX IBEX ... 15 17.30 +1.34 ... 67.10 24.01 JD.com JD 2.2 14 26.94 +1.29 .62 22.78 16.27 LibertyGlobal C LBTYK ... dd 17.47 +1.01 ... 206.36 87.21 MesaLabs MLAB .7 cc 93.22 –3.30 .16
4.03 2.51 Grab GRAB ... dd 3.16 +0.13 ... 136.82 94.53 ICF Intl ICFI .4 34 125.48 +1.48 .14 6.11 0.52 Joann JOAN ... dd .52 –0.14 ... 10.01 6.57 LibertyLatAmA LILA ... 7 6.86 +0.18 ... 5.12 1.12 Mesoblast MESO ... dd 1.29 +0.12 ...
6.99 1.40 GracellBiotech GRCL ... dd 4.24 +1.02 ... 212.43 95.19 ICU Medical ICUI ... dd 102.59 +3.01 ... 42.25 24.12 Joyy YY 4.1 13 41.70 +2.86 .20 9.98 6.62 LibertyLatAmC LILAK ... 7 6.89 +0.16 ... 330.54 88.09 MetaPlatforms META ... 28 314.60 +17.87 ...
139.15 99.65 GrandCanyonEduc LOPE ... 21 137.07 +19.68 ... 30.33 13.29 IDEAYA Bio IDYA ... dd 28.96 +3.39 ... 192.35 136.57 JackHenry JKHY 1.4 29 144.85 +6.75 .52 69.48 55.08 LibertyFormOne A FWONA ... 33 58.05 +1.32 ... 11.19 10.03 MetalSkyStar MSSA ... 52 10.91 +0.02 ...
3.69 1.59 GraphiteBio GRPH ... dd 2.30 –0.05 ... 564.74 357.57 IdexxLab IDXX ... 44 429.30 +37.93 ... 99.56 60.43 JackintheBox JACK 2.6 9 66.75 +4.00 .44 37.00 29.48 LibertyLiveA LLYVA ... ... 33.95 +3.92 ... 54.83 35.46 Methanex MEOH 1.7 16 43.46 +2.11 .185
10.51 7.51 GreatElmCap GECC14.6 5 9.59 +0.93 .35 76.80 27.68 IES Holdings IESC ... 17 61.86 +0.72 ... 0.56 ... JaguarGlbGrwI Rt JGGCR ... ... .12 –0.02 ... 78.58 60.95 LibertyFormOne C FWONK ... 38 65.23 +0.87 ... 24.34 13.10 MetroCityBkshs MCBS 3.4 10 21.32 +1.76 .18
2.49 1.59 GreatElm GEG ... 3 1.80 –0.09 ... 28.20 3.81 IGM Biosci IGMS ... dd 4.94 +0.82 ... 11.53 4.50 JaguarGlblGrowthI JGGCU ... ... 4.75 –2.06 ... 39.00 29.63 LibertyLiveC LLYVK ... ... 34.63 +4.02 ... 94.30 62.13 MicrochipTech MCHP 2.1 18 76.43 +4.17 .439
9.67 4.75 GreatLakesDredge GLDD ... dd 7.55 +0.03 ... 7.67 1.16 I-Mab IMAB ... ... 1.83 +0.61 ... 11.68 3.97 JaguarGlbGrwI A JGGC ... 28 5.11 –0.89 ... 27.00 22.01 LibertySirius A LSXMA ... 14 25.99 +2.25 ... 74.77 48.43 MicronTech MU .6 dd 72.58 +6.93 .115
63.27 45.39 GreatSouthernBncp GSBC 3.1 9 52.38 +3.88 .40 3.95 0.90 IN8bio INAB ... dd 1.04 +0.11 ... 24.92 13.52 JamesRiver JRVR 1.4 16 14.41 +0.86 .05 26.86 22.19 LibertySirius B LSXMB ... 14 25.90 +1.82 ... 366.78 213.43 Microsoft MSFT .9 34 352.80 +22.99 .75
37.49 25.78 GreenPlains GPRE ... dd 28.20 +0.66 ... 3.52 0.82 IO Biotech IOBT ... dd .89 +0.05 ... 24.99 14.83 JamfHolding JAMF ... dd 16.70 +1.44 ... 26.90 22.24 LibertySirius C LSXMK ... 14 26.10 +2.25 ... 475.09 132.56 MicroStrategy MSTR ... cc 453.95 +47.19 ...
16.25 11.72 GreenPlainsPtrs GPP 13.2 9 13.84 –0.18 .455 141.85 83.00 IPG Photonics IPGP ... 50 91.93 +3.78 ... 23.64 5.74 JanuxTherap JANX ... dd 6.77 +0.75 ... 11.06 10.05 LibertyRscsA LIBY ... cc 10.89 –0.01 ... 2.91 0.88 Microvast MVST ... dd 1.42 +0.14 ...
13.90 1.55 GreenidgeGen GREE ... dd 5.66 +0.76 ... 30.84 17.87 i3Verticals IIIV ... dd 20.44 +2.26 ... 160.96 120.64 JazzPharm JAZZ ... dd 132.06 +5.99 ... 11.46 1.52 LifecoreBiomed LFCR ... dd 7.23 +0.20 ... 8.20 1.82 MicroVision MVIS ... dd 2.25 +0.33 ...
6.00 0.51 Greenlane GNLN ... dd .56 –0.01 ... 12.15 10.00 IXAcqnA IXAQ ... 24 11.02 +0.06 ... 17.50 1.02 Jet.AI JTAI ... 10 1.14 –0.27 ... 7.40 1.14 LifeMD LFMD ... dd 7.11 +0.79 ... 34.54 18.25 MidPennBancorp MPB 3.9 8 20.29 +1.52 .20
11.72 7.48 GreenlightCapRe GLRE ... 6 11.48 +0.73 ... 55.02 16.04 IcahnEnterprises IEP 36.0 dd 19.45 +2.35 1.00 9.45 3.42 JetBlue JBLU ... dd 4.39 +0.26 ... 9.59 4.22 LifeStanceHealth LFST ... dd 6.11 +0.48 ... 14.03 10.39 MidCapFin MFIC11.2 12 13.52 +0.97 .38
10.97 6.48 Grifols GRFS ... cc 9.31 +1.47 ... 39.73 23.70 Ichor ICHR ... 34 26.14 +1.83 ... 30.94 17.11 JFrog FROG ... dd 26.83 +5.33 ... 10.25 4.31 LifetimeBrands LCUT 3.1 dd 5.52 +0.23.0425 162.02 109.59 Middleby MIDD ... 14 117.41 +5.31 ...
26.08 6.80 GrindrodShipping GRIN 1.4 9 8.55 –0.261.016 5.69 1.36 iClickInteract ICLK ... ... 2.29 +0.46 ... 2.35 0.51 JianzhiEduc JZ ... ... .62 +0.05 ... 12.96 5.26 LifewayFoods LWAY ... 29 10.64 –1.03 ... 95.82 61.67 MiddlesexWater MSEX 1.9 33 68.04 +4.54 .325
4.05 1.14 Gritstone GRTS ... dd 1.88 –0.01 ... 268.07 181.92 Icon ICLR ... 42 258.11 +22.80 ... 8.19 1.86 Jiayin JFIN 7.8 1 4.86 –0.08 .38 85.70 49.24 LigandPharm LGND ... 37 53.99 +4.42 ... 28.29 17.98 MidlandStBncp MSBI 5.2 6 23.14 +2.69 .30
36.54 25.71 GroceryOutlet GO ... 40 28.36 +1.31 ... 16.45 2.28 Icosavax ICVX ... dd 7.09 +1.14 ... 71.88 47.00 JohnsonOutdoors JOUT 2.6 11 50.29 +2.47 .33 79.07 53.11 Light&Wonder LNW ... cc 78.42 +5.57 ... 35.58 17.80 MidWestOneFin MOFG 4.6 10 21.13 +1.53.2425
16.25 2.89 Groupon GRPN ... dd 14.49 +2.72 ... 9.03 2.02 iHeartMedia IHRT ... dd 2.50 +0.36 ... 1.96 0.37 Lilium LILM ... ... .97 +0.36 ... 5.20 2.19 MilestonePharm MIST ... dd 2.81 +0.53 ...
7.64 1.94 IkenaOncology IKNA ... dd 4.40 +0.74 ... K 17.90 12.01 Limoneira LMNR 2.1 28 14.27 +0.19 .075 26.20 13.20 MillerKnoll MLKN 3.0 57 24.90 +2.29.1875
100.21 50.23 GrAeroportuario OMAB ... 13 65.87 +9.11 ...
54.47 20.67 GuardantHealth GH ... dd 28.67 +3.71 ... 248.87 103.92 Illumina ILMN ... dd 116.92 +7.70 ... 520.19 318.76 KLA KLAC 1.0 22 499.62 +41.69 1.45 9.25 5.05 LincolnEduc LINC ... 10 8.73 +0.30 ... 21.15 11.46 MillicomIntl TIGO ... 76 16.73 +1.40 ...
5.74 2.95 GulfIslandFab GIFI ... 22 3.98 +0.05 ... 9.25 5.26 Immersion IMMR 1.8 5 6.80 +0.40 .03 18.63 7.70 KLX Energy KLXE ... 3 10.45 +0.24 ... 210.86 139.92 LincolnElectric LECO 1.5 22 183.94 +11.27 .71 2.50 1.83 Mind CTI MNDO12.9 8 1.86 ... .24
4.30 1.63 GulfResources GURE ... 4 1.78 +0.06 ... 14.29 3.70 Immuneering IMRX ... dd 6.00 +1.00 ... 12.10 4.47 KVH Inds KVHI ... 3 4.83 +0.33 ... 20.83 11.97 LiquiditySvcs LQDT ... 27 19.39 +0.64 ... 5.01 2.12 MindMed MNMD ... dd 3.09 +0.62 ...
3.17 0.98 Immunic IMUX ... dd 1.13 +0.07 ... 11.42 10.16 KairousAcqn KACL ... cc 11.22 –0.09 ... 309.94 207.91 Littelfuse LFUS 1.1 19 233.13 +16.80 .65 21.98 7.44 MineralysTherap MLYS ... dd 8.31 +0.71 ...
H 7.10 1.21 ImmunityBio IBRX ... dd 3.75 +1.27 ... 0.55 0.02 KairousAcqnRt KACLR ... ... .08 –0.04 ... 59.86 40.26 LivaNova LIVN ... cc 49.96 +2.77 ... 101.30 27.30 MiratiTherap MRTX ... dd 56.02 +0.65 ...
56.47 32.33 H&E Equipment HEES 2.5 9 43.54 +2.80 .275 69.06 42.21 Immunocore IMCR ... dd 49.15 +6.30 ... 97.58 53.67 KaiserAlum KALU 5.2 73 58.86 +4.58 .77 18.17 2.33 LivePerson LPSN ... dd 2.99 +0.52 ... 33.39 17.49 MirumPharm MIRM ... dd 30.00 +2.86 ...
23.49 16.33 HBT Finl HBT 3.6 9 19.04 +1.23 .17 20.69 3.61 Immunogen IMGN ... dd 16.29 +1.29 ... 2.27 1.53 Kaltura KLTR ... dd 1.79 +0.15 ... 3.65 1.70 LiveVox LVOX ... dd 3.62 +0.01 ... 16.80 8.55 MissionProduce AVO ... dd 9.45 +0.14 ...
11.07 10.15 HCM Acqn A HCMA ... 54 11.07 +0.03 ... 5.90 1.14 ImmunoPrecise IPA ... dd 1.72 –0.10 ... 11.45 4.95 KalVistaPharm KALV ... dd 8.67 +0.68 ... 4.02 0.20 LixiangEduc LXEH ... dd .60 +0.21 ... 48.11 25.00 Mobileye MBLY ... dd 36.80 +1.75 ...
2.40 1.08 HCW Biologics HCWB ... dd 1.60 ... ... 44.19 10.66 Immunovant IMVT ... dd 33.99 +0.57 ... 5.85 3.72 Kamada KMDA ... 61 4.66 +0.52 ... 25.00 18.51 LoganRidgeFin LRFC 4.2 dd 21.05 +0.63 .26 11.75 8.50 MobivAcqn MOBV ... cc 9.45 +0.30 ...
22.98 17.31 HMN Fin HMNF 1.6 12 18.79 +0.38 .08 3.90 1.50 Immutep IMMP ... dd 1.90 +0.03 ... 4.27 2.22 KandiTech KNDI ... dd 3.37 +0.15 ... 80.15 49.63 LogitechIntl LOGI 1.5 33 79.36 +2.351.1805 217.25 62.55 Moderna MRNA ... dd 77.53 +5.62 ...
2.05 0.41 Hookipa HOOK ... dd .46 +0.03 ... 4.24 0.21 ImpelPharm IMPL ... dd .26 +0.01 ... 26.26 11.80 Kanzhun BZ ... cc 15.39 +0.53 ... 10.29 3.11 LongboardPharm LBPH ... dd 5.52 +0.08 ... 113.53 26.05 ModivCare MODV ... dd 47.64 +7.51 ...
21.28 8.75 Hutchmed HCM ... dd 19.70 +1.23 ... 144.90 48.39 Impinj PI ... dd 68.72 +7.06 ... 26.69 12.50 KaratPkg KRT 1.8 15 22.05 +1.77 .40 3.80 1.85 LoopIndustries LOOP ... dd 3.30 +0.09 ... 7.36 3.53 MolecularPtrs MOLN ... dd 4.62 +0.88 ...
53.52 31.76 H World HTHT ... 77 36.77 –0.68 ... 83.84 47.81 InariMedical NARI ... dd 48.30 –9.55 ... 245.00 158.38 KarunaTherap KRTX ... dd 185.42 +21.44 ... 16.60 1.63 Lottery.com LTRY ... dd 1.92 –0.08 ... 79.50 1.03 Momentus MNTS ... dd 3.82 +0.56 ...
44 BARRON’S November 6, 2023
39.15 21.78 OneWaterMarine ONEW ... 5 24.98 +3.01 ... 29.52 13.09 Replimune REPL ... dd 14.20 +0.62 ... 32.43 14.31 ShoalsTech SHLS ... 17 15.85 +0.75 ...
19.69 14.10 Navient NAVI 3.8 6 17.04 +1.29 .16 11.93 10.16 PonoCapitalThree PTHR ... 69 10.59 +0.01 ...
12.00 10.05 OnyxAcqnIA ONYX ... cc 10.90 +0.01 ... 48.32 37.23 RepublicBcpKYA RBCAA 3.2 11 47.03 +3.73 .374 315.95 172.50 ShockwaveMed SWAV ... 34 215.69 +8.81 ...
11.17 3.11 NavitasSemi NVTS ... dd 6.17 +1.02 ... 11.56 10.05 PonoCapTwoA PTWO ... cc 10.67 –0.02 ...
11.99 5.35 OpenLending LPRO ... 18 6.35 +0.25 ... 7.77 5.19 ReservoirMedia RSVR ... cc 5.95 +0.64 ... 29.47 19.24 ShoeCarnival SCVL 2.0 7 24.40 +1.48 .12
25.90 16.38 Nayax NYAX ... dd 20.00 +1.00 ... 423.97 283.81 Pool POOL 1.3 24 336.66 +27.16 1.10
43.25 26.03 OpenText OTEX 2.8 28 36.30 +3.84 .25 19.83 13.00 ResourcesConnect RGP 4.0 12 13.93 +0.64 .14 20.85 9.66 ShoreBancshares SHBI 4.1 16 11.82 +1.64 .12
33.73 19.58 nCino NCNO ... dd 29.57 +1.57 ... 74.00 49.34 Popular BPOP 3.2 7 69.53 +4.69 .55
5.41 0.92 OpendoorTech OPEN ... dd 2.09 +0.01 ... 16.37 10.99 RetailOppor ROIC 4.7 44 12.81 +1.73 .15 34.10 10.39 Shyft SHYF 1.8 14 11.38 +0.29 .05
18.65 0.14 NearIntelligence NIR ... dd .17 +0.02 ... 25.88 13.89 Portillo's PTLO ... 73 16.41 +1.51 ...
28.58 4.48 Opera OPRA 3.3 17 12.00 +0.12 .80 37.98 7.51 RevanceTherap RVNC ... dd 9.23 +1.25 ... 4.94 0.59 Sientra SIEN ... dd .88 –0.58 ...
4.37 0.44 NektarTherap NKTR ... dd .55 +0.08 ... 23.72 16.95 PortmanRidge PTMN16.1 dd 17.09 –0.13 .69
8.06 2.19 OportunFin OPRT ... dd 6.12 +0.61 ... 11.25 9.91 RevelstoneCapA RCAC ... 90 10.69 –0.01 ... 22.53 15.01 SierraBancorp BSRR 5.0 8 18.47 +0.81 .23
27.77 10.85 NeoGames NGMS ... dd 26.67 +1.23 ... 8.82 1.54 PoseidaTherap PSTX ... dd 2.45 +0.62 ...
6.09 1.60 Opthea OPT ... dd 1.75 +0.09 ... 35.60 15.44 RevolutionMed RVMD ... dd 22.16 +3.55 ... 15.30 1.04 SightSciences SGHT ... dd 1.82 +0.32 ...
24.10 13.05 Neogen NEOG ... dd 15.82 +0.50 ... 11.14 4.99 Potbelly PBPB ... 61 10.35 +2.05 ...
4.85 2.26 OpticalCable OCC ... 5 2.63 +0.03 ... 32.50 24.80 ReynoldsCnsmr REYN 3.6 23 25.68 +0.71 .23 17.99 4.55 SilenceTherap SLN ... dd 9.20 +2.08 ...
21.74 6.38 NerdWallet NRDS ... dd 11.46 +2.12 ... 54.44 41.31 PotlatchDelt PCH 3.9 57 46.38 +3.84 .45
3.63 0.90 Optinose OPTN ... dd 1.25 +0.03 ... 34.99 15.50 RhythmPharm RYTM ... dd 26.97 +4.97 ... 50.00 13.75 Silicom SILC ... 7 15.35 +0.35 ...
80.53 58.08 NetApp NTAP 2.6 14 75.90 +4.09 .50 91.29 24.57 PowellIndustries POWL 1.3 26 80.09 +5.97.2625
35.74 24.23 OptionCare OPCH ... 20 28.59 +1.96 ... 4.84 1.78 RibbonComms RBBN ... dd 2.06 –0.02 ... 194.68 74.56 SiliconLabs SLAB ... 50 91.54 –3.37 ...
113.12 59.00 NetEase NTES 1.5 20 112.72 +5.94 .525 11.24 9.94 Pwr&Digital II A XPDB ... cc 10.67 –0.01 ...
7.82 4.06 OraSureTechs OSUR ... 10 5.63 +0.47 ... 27.24 10.25 RichardsonElec RELL 2.1 10 11.55 +0.35 .06 95.33 49.50 SiliconMotion SIMO .9 34 55.80 +3.16 .50
485.00 252.09 Netflix NFLX ... 43 432.36 +34.49 ... 99.60 63.65 PowerIntegrations POWI 1.0 48 74.82 +4.82 .19
23.39 4.26 OrchestraBioMed OBIO ... dd 5.23 +0.62 ... 2.04 0.67 RigelPharm RIGL ... dd .88 +0.15 ... 58.04 6.08 SilkRoadMed SILK ... dd 8.76 +2.03 ...
21.79 10.40 Netgear NTGR ... dd 12.85 –0.01 ... 3.49 1.64 PowerFleet PWFL ... dd 1.80 –0.04 ...
5.08 0.97 OrganiGram OGI ... dd 1.16 +0.16 ... 5.32 2.01 RiminiStreet RMNI ... 22 2.82 +0.77 ... 10.50 7.52 SilverSpikeInvt SSIC 10.0 ... 9.22 –0.16 .40
11.80 10.07 PowerUpAcqn PWUP ... 48 10.91 +0.05 ...
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
38.02 21.15 NetScout NTCT ... 24 21.68 –0.48 ... 9.79 2.36 OricPharm ORIC ... dd 7.08 +0.80 ... 8.00 4.17 RiverviewBncp RVSB 4.3 9 5.62 +0.10 .06 23.20 14.94 SilvercrestAsset SAMG 4.3 15 17.74 +1.06 .19
17.74 9.35 NeumoraTherap NMRA ... ... 11.85 +0.18 ... 5.25 0.79 PraxisPrecision PRAX ... dd 1.12 +0.12 ...
23.19 10.54 OrthofixMed OFIX ... dd 12.28 +1.54 ... 35.74 11.68 Rivian RIVN ... dd 17.71 +1.70 ... 24.85 13.36 SimmonsFirstNat SFNC 5.1 9 15.71 +1.50 .20
129.29 89.04 Neurocrine NBIX ... 60 112.44 +6.37 ... 2.29 0.81 Precigen PGEN ... dd 1.21 +0.20 ... 52.69 32.58 SimulationsPlus SLP .7 75 36.49 +2.53 .06
53.50 23.10 OrthoPediatrics KIDS ... cc 26.87 +3.47 ... 17.00 3.69 Roadzen RDZN ... 75 4.05 –0.57 ...
6.95 1.03 Neuronetics STIM ... dd 1.40 +0.35 ... 77.75 42.42 PreferredBankLA PFBC 3.5 6 63.38 +3.25 .55 22.41 9.39 Sinclair SBGI 6.7 11 14.87 +4.82 .25
92.74 52.60 OtterTail OTTR 2.1 13 82.89 +12.51.4375 13.23 7.57 Robinhood HOOD ... dd 9.69 +0.79 ...
9.73 1.22 NeuroPace NPCE ... dd 7.17 +0.91 ... 184.82 78.53 PreformedLine PLPC .7 8 116.22 –16.16 .20 3.00 0.31 SingularGenomics OMIC ... dd .36 +0.03 ...
5.95 3.33 Outbrain OB ... dd 4.00 –0.30 ... 24.65 14.86 RocketPharm RCKT ... dd 20.98 +3.23 ...
60.33 25.06 NewFortressEner NFE 1.3 16 29.85 –0.86 .10 8.66 1.66 PreludeTherap PRLD ... dd 2.27 +0.46 ... 7.95 3.32 SiriusXM SIRI 2.1 15 4.95 +0.83.0266
30.55 2.90 OutsetMedical OM ... dd 4.25 +1.06 ... 33.09 11.78 RockyBrands RCKY 3.0 15 20.67 +7.66 .155
13.20 11.27 NewMtnFin NMFC10.0 14 12.78 +0.53 .04 30.80 13.60 PremierFinl PFC 6.4 6 19.47 +2.42 .31 142.88 81.09 SiTime SITM ... dd 112.11 +13.16 ...
39.27 13.71 Overstock OSTK ... dd 16.78 +2.85 ... 6.98 3.72 RockyMtnChoc RMCF ... dd 4.10 +0.10 ...
11.67 10.06 NewProvidenceII A NPAB ... 64 10.64 +0.01 ... 35.57 18.89 Premier PINC 4.2 14 19.78 +0.77 .21 11.00 10.11 SizzleAcqn SZZL ... dd 10.90 +0.03 ...
4.14 1.41 OvidTherap OVID ... dd 3.57 +0.30 ... 13.24 4.71 RoivantSciences ROIV ... dd 9.28 +0.90 ...
12.96 7.23 NY Mortgage NYMT15.0 dd 8.00 +0.42 .30 3.33 0.30 Prenetics PRE ... dd .32 –0.05 ...
6.27 4.41 OxfordLane OXLC19.1 dd 5.02 +0.56 .08 98.44 38.26 Roku ROKU ... dd 84.75 +28.40 ... 29.59 17.50 SkywardSpecIns SKWD ... 24 27.92 –0.10 ...
32.88 5.63 NewAmstPharma NAMS ... ... 10.32 +3.62 ... 5.74 1.19 PrestoAutomation PRST ... dd 1.34 ... ... 46.07 14.76 SkyWest SKYW ... dd 44.51 +2.24 ...
3.70 2.60 OxfordSquare OXSQ13.8 dd 3.04 +0.16 .035 14.80 3.31 Root ROOT ... dd 9.94 +1.30 ...
16.76 6.50 NewellBrands NWL 4.0 dd 6.92 +0.26 .07 82.63 60.01 PriceSmart PSMT 1.4 19 66.82 –5.35 .46 123.69 85.06 Skyworks SWKS 3.0 15 91.05 +2.82 .68
PQ 508.90 388.66 RoperTech ROP .5 43 502.54 +26.97.6825
9.36 5.07 Newmark NMRK 1.6 86 7.52 +2.08 .03 21.73 5.54 PrimeMedicine PRME ... dd 7.80 +2.21 ... 41.61 15.05 SleepNumber SNBR ... 32 16.73 +0.17 ...
122.70 90.31 RossStores ROST 1.1 26 121.25 +8.46 .335
22.32 15.00 NewsCorp A NWSA .9 85 21.93 +1.71 .10 31.36 15.66 PAM Transport PTSI ... 11 18.71 +2.77 ... 12.99 7.01 PrimisFinl FRST 4.0 15 10.00 +1.70 .10 2.65 1.44 SmartSand SND ... 11 2.16 +0.14 ...
11.36 9.98 RothCHAcqnV ROCL ... dd 10.57 –0.02 ...
23.17 15.15 NewsCorp B NWS .9 88 22.66 +1.71 .10 12.80 4.90 P&FIndustries PFIN 1.6 dd 12.77 +0.05 .05 37.60 23.49 PrincetonBncp BPRN 3.7 7 32.27 +3.57 .30 1.51 0.61 SmartShareGlbl EM ... dd .71 +0.01 ...
7.12 3.38 Rover ROVR ... dd 6.51 +0.01 ...
20.83 10.75 NewtekOne NEWT 7.9 ... 15.64 +0.94 .18 19.41 12.86 PCB Bancorp PCB 4.5 7 15.97 +0.75 .18 96.17 65.17 PrincipalFinl PFG 3.7 12 71.69 +4.02 .67 14.86 8.21 Smith&Wesson SWBI 3.3 18 14.48 +0.24 .12
147.82 90.40 RoyalGold RGLD 1.4 31 110.84 +4.27 .375
217.76 132.30 NexstarMedia NXST 3.4 9 156.84 +21.34 1.35 60.00 37.76 PCConnection CNXN .5 20 59.65 +7.15 .08 30.42 19.68 PriviaHealth PRVA ... 86 23.52 +1.69 ...
44.47 25.92 RoyaltyPharma RPRX 2.9 49 27.95 +1.74 .20 12.38 7.02 SnapOne SNPO ... dd 8.05 +0.80 ...
2.24 0.63 Next.e.GO EGOX ... dd .75 –0.17 ... 6.89 3.78 PCTEL PCTI 3.2 20 6.81 –0.03 .055 7.45 1.95 Procaps PROC ... 4 2.84 +0.05 ... 3.07 0.52 SoYoungIntl SY ... 40 .94 +0.01 ...
46.30 31.88 RushEnt A RUSHA 1.8 6 38.08 +2.75 .17
2.47 0.98 NextCure NXTC ... dd 1.18 +0.12 ... 112.77 58.12 PDD PDD ... 26 106.42 –1.86 ... 27.00 8.60 ProFrac ACDC ... 7 9.63 +0.22 ... 10.58 9.82 SocialLvgI A SLAC ... dd 10.21 +0.02 ...
50.05 33.07 RushEnt B RUSHB 1.6 7 42.82 +2.75 .17
23.98 15.23 NextGenHlthcr NXGN ... dd 23.93 +0.07 ... 48.02 22.70 PDF Solutions PDFS ... cc 27.47 +0.18 ... 62.34 48.25 ProgressSoftware PRGS 1.4 29 51.07 +0.53 .175 11.70 4.24 SoFiTech SOFI ... dd 8.01 +1.14 ...
33.77 10.29 RxSight RXST ... dd 24.17 +2.88 ...
46.55 28.24 Nextracker NXT ... 23 37.19 +2.56 ... 39.35 18.35 PENN Entmt PENN ... dd 22.72 +4.31 ... 44.95 28.03 Progyny PGNY ... 65 31.90 +1.41 ... 17.25 8.00 Sohu.com SOHU ... dd 8.50 +0.49 ...
112.75 68.10 Ryanair RYAAY ... 12 94.29 +5.12 ...
8.57 4.37 NicholasFin NICK ... dd 4.61 +0.10 ... 4.43 0.58 PLBY Group PLBY ... dd .68 +0.08 ... 10.90 9.87 ProjectEnReimag PEGR ... 48 10.49 +0.02 ... 5.71 1.16 SolGelTech SLGL ... dd 1.39 +0.06 ...
12.11 1.18 PMV Pharm PMVP ... dd 1.91 +0.68 ... 11.30 0.60 ProSomnus OSA ... dd .62 –0.04 ... S
3.71 0.52 Nikola NKLA ... dd 1.14 +0.11 ... 345.80 63.25 SolarEdgeTech SEDG ... 21 75.60 –1.39 ...
5.52 1.49 9F JFU ... ... 2.92 –0.08 ... 43.34 11.85 PRA Group PRAA ... dd 14.04 +1.46 ... 7.83 5.03 ProspectCapital PSEC13.1 dd 5.51 +0.38 .06 38.43 24.51 S&T Bancorp STBA 4.6 7 28.54 +3.04 .33 8.20 1.81 SolidBiosci SLDB ... dd 2.84 +0.95 ...
16.54 4.97 908Devices MASS ... dd 6.58 +1.44 ... 47.75 24.83 ProceptBio PRCT ... dd 33.91 +7.82 ... 30.10 7.24 ProtagonistTherap PTGX ... dd 16.65 +2.57 ... 312.34 185.23 SBA Comm SBAC 1.5 50 227.09 +23.08 .85 6.05 1.20 SolidPower SLDP ... dd 1.40 +0.08 ...
10.17 10.08 99Acqn NNAG ... ... 10.14 +0.01 ... 152.09 115.45 PTC PTC ... 72 147.51 +11.45 ... 4.18 1.18 ProtaraTherap TARA ... dd 1.35 +0.14 ... 3.87 1.15 SCYNEXIS SCYX ... 3 1.88 +0.18 ... 3.79 1.73 SomaLogic SLGC ... dd 2.26 +0.28 ...
0.25 0.14 99AcqnRt NNAGR ... ... .14 –0.08 ... 59.84 17.53 PTC Therap PTCT ... dd 19.53 +1.02 ... 79.65 28.51 Prothena PRTA ... dd 37.55 +1.80 ... 64.69 52.20 SEI Investments SEIC 1.5 17 56.02 +2.76 .43 48.20 5.40 Sonder SOND ... dd 9.14 +1.93 ...
6.19 1.94 NiuTech NIU ... dd 2.41 +0.44 ... 90.05 64.33 Paccar PCAR 1.2 11 86.80 +3.51 .27 14.98 10.16 ProvidentFin PROV 5.0 10 11.20 –1.05 .14 29.51 11.14 SI-BONE SIBN ... dd 17.97 +1.14 ... 21.98 9.78 Sonos SONO ... dd 11.34 +1.48 ...
12.40 1.28 Nkarta NKTX ... dd 2.30 +0.25 ... 14.55 5.74 PacBiosciCA PACB ... dd 7.22 +0.11 ... 20.08 10.92 PubMatic PUBM ... cc 12.15 +0.89 ... 10.21 4.22 SIGA Tech SIGA .0 13 5.12 +0.14 .45 5.77 1.69 SophiaGenetics SOPH ... dd 4.07 +0.44 ...
12.88 2.80 NKGenBiotech NKGN ... dd 3.05 –0.48 ... 37.50 17.53 PacificPremBncp PPBI 6.2 9 21.34 +2.37 .33 14.28 4.07 Pulmonx LUNG ... dd 9.92 +1.70 ... 10.88 10.04 SKGrowthOppsA SKGR ... 44 10.85 +0.09 ... 19.40 5.78 SoteraHealth SHC ... dd 13.21 +0.70 ...
15.91 8.13 nLIGHT LASR ... dd 9.15 +0.88 ... 53.32 26.59 PaciraBioSci PCRX ... cc 31.04 +3.47 ... 5.16 2.13 PumaBiotech PBYI ... dd 2.78 +0.38 ... 17.93 10.81 SLM SLM 3.0 11 14.79 +1.98 .11 2.50 1.43 SotherlyHotels SOHO ... 6 1.73 +0.25 ...
11.42 0.35 noco-noco NCNC ... 6 .38 +0.02 ... 12.46 6.85 PactivEvergreen PTVE 3.8 dd 10.65 +2.50 .10 38.90 17.85 PureTechHealth PRTC ... dd 19.96 +0.56 ... 16.09 13.33 SLR Invt SLRC11.0 14 14.91 +0.75.1367 5.11 0.93 SoundHoundAI SOUN ... dd 1.84 +0.27 ...
19.65 0.27 Nogin NOGN ... dd .31 –0.02 ... 30.07 2.48 PacWestBancorp PACW .5 dd 8.24 +1.48 .01 6.76 0.83 PurpleInnovation PRPL ... dd .91 –0.05 ... 29.99 12.66 SMART Global SGH ... ... 14.64 +0.96 ... 31.96 18.75 SouthPlainsFin SPFI 1.9 7 27.04 +0.99 .13
6.55 1.96 Noodles NDLS ... dd 2.22 +0.05 ... 265.90 132.22 PaloAltoNtwks PANW ... cc 243.53 +4.74 ... 9.63 4.44 Puyi PUYI ... dd 5.04 –0.95 ... 104.72 1.20 SMXSecurityMatters SMX ... ... 1.79 +0.01 ... 91.45 59.51 SouthState SSB 2.9 10 72.88 +7.18 .52
253.40 202.57 Nordson NDSN 1.2 26 221.54 +9.41 .68 74.17 43.64 Palomar PLMR ... 20 56.36 +7.00 ... 6.92 1.10 PyxisOncology PYXS ... dd 1.76 +0.19 ... 1.86 0.49 SPI Energy SPI ... dd .69 +0.06 ... 49.96 20.75 SouthernFirstBcsh SFST ... 16 28.74 +2.25 ...
51.93 33.15 NortheastBank NBN .1 7 50.88 +3.33 .01 97.78 60.66 PapaJohn's PZZA 2.7 29 68.00 +2.80 .46 54.54 35.14 QCR Holdings QCRH .5 8 50.99 +3.38 .06 52.40 31.52 SP Plus SP ... 30 51.51 +1.81 ... 54.11 30.28 SoMO Bancorp SMBC 1.9 11 44.21 +4.12 .21
14.18 10.10 NorthernTechsIntl NTIC 2.3 34 12.41 +0.10 .07 29.51 13.40 ParamountA PARAA 1.1 dd 17.50 +4.05 .05 25.49 11.10 QifuTechnology QFIN 5.0 5 15.94 +0.86 .50 196.39 116.58 SPS Commerce SPSC ... 99 166.62 +12.40 ... 31.00 19.61 SouthernStBcsh SSBK 1.5 6 23.48 +0.68 .09
100.25 62.44 NorthernTrust NTRS 4.2 14 71.35 +7.81 .75 25.93 10.51 ParamountB PARA 1.5 dd 13.76 +3.06 .05 2.14 0.37 QilianIntl QLI .0 12 .50 –0.09 .05 64.52 46.61 SS&C Tech SSNC 1.8 22 52.46 +3.75 .24 40.38 25.38 SouthsideBcshs SBSI 4.8 9 29.44 +2.17 .35
16.10 8.39 NorthfieldBanc NFBK 5.5 10 9.48 +1.04 .13 28.79 10.90 Park-Ohio PKOH 2.0 dd 25.35 +3.30 .125 114.59 80.62 Qorvo QRVO ... dd 88.33 +1.86 ... 17.74 11.14 SSR Mining SSRM 2.3 12 12.25 –1.89 .07 22.73 12.74 SovosBrands SOVO ... dd 21.62 –0.10 ...
56.77 33.29 NorthrimBanCorp NRIM 5.2 9 43.88 +4.13 .60 1.92 0.61 PassageBio PASG ... dd .66 +0.02 ... 139.94 101.47 Qualcomm QCOM 2.7 19 119.52 +13.06 .80 19.99 15.26 SWK Holdings SWKH ... 12 16.28 +0.28 ... 37.75 20.57 SpartanNash SPTN 3.7 28 23.48 +0.87 .215
10.85 9.96 NorthViewAcqn NVAC ... 43 10.84 +0.03 ... 60.49 39.75 PathwardFinl CASH .4 8 48.62 +3.13 .05 171.77 101.10 Qualys QLYS ... 46 170.00 +17.79 ... 14.72 10.08 SabraHealthcare SBRA 8.7 dd 13.86 +0.45 .30 15.40 1.29 Spectaire SPEC ... dd 2.58 +0.24 ...
0.20 0.08 NorthViewRt NVACR ... ... .15 +0.04 ... 17.46 12.82 PatriaInvts PAX 7.0 22 13.66 +0.59 .251 28.99 1.96 QuantaSing QSG ... dd 2.50 +0.08 ... 7.92 2.99 Sabre SABR ... dd 4.13 +0.73 ... 2.15 0.99 SperoTherap SPRO ... dd 1.19 +0.17 ...
15.35 9.80 NorthwestBcshs NWBI 7.3 10 11.02 +0.60 .20 11.97 10.24 PatriaLatAm PLAO ... 33 11.01 ... ... 28.77 8.79 Quanterix QTRX ... dd 22.92 +2.42 ... 92.61 65.78 SafetyInsurance SAFT 4.6 37 77.98 +3.36 .90 148.50 69.15 Splunk SPLK ... dd 146.48 –0.66 ...
40.60 25.58 NorthwestPipe NWPX ... 12 28.48 +1.07 ... 87.36 45.23 PatrickIndustries PATK 2.2 12 81.30 +9.56 .45 2.00 0.41 Quantum QMCO ... dd .45 –0.01 ... 29.18 18.89 SagaComm SGA 5.0 15 19.98 +0.83 .25 16.22 7.53 SpokHoldings SPOK 7.9 9 15.92 +0.77.3125
61.24 45.97 NorthWesternEner NWE 4.9 17 51.90 +5.35 .64 12.00 6.14 PatriotNatBncp PNBK ... 7 6.28 +0.08 ... 3.90 1.12 Quantum-Si QSI ... dd 1.37 +0.23 ... 11.72 10.03 SagaliamAcqnA SAGA ... dd 11.06 ... ... 15.57 8.08 Sportradar SRAD ... dd 9.67 +0.92 ...
34.75 23.00 NorwoodFin NWFL 4.0 10 29.10 +4.10 .29 15.81 6.95 PatriotTransport PATI ... 21 15.65 +7.97 ... 5.40 1.07 Quhuo QH ... 27 1.40 +0.05 ... 0.28 0.05 SagaliamAcqnRt SAGAR ... ... .13 +0.02 ... 10.62 2.98 SportsmansWrhs SPWH ... 43 5.18 +0.15 ...
131.51 78.29 Nova NVMI ... 24 100.41 +9.56 ... 34.53 25.15 Patterson PDCO 3.3 14 31.13 +0.89 .26 102.00 59.29 QuidelOrtho QDEL ... cc 64.27 +3.29 ... 59.99 16.52 SageTherap SAGE ... dd 21.29 +3.57 ... 13.45 10.05 SportsMapTech SMAP ... dd 10.75 ... ...
187.61 126.83 Novanta NOVT ... 66 141.44 +11.84 ... 19.81 9.70 PattersonUTIEn PTEN 2.5 8 12.83 –0.18 .08 1.93 0.54 QuinceTherap QNCX ... dd .94 –0.03 ... 18.33 3.48 Sagimet SGMT ... ... 4.08 +0.37 ... 10.79 10.06 SpringValleyII A SVII ... 51 10.74 ... ...
25.66 5.61 Novavax NVAX ... dd 7.06 +0.71 ... 129.70 104.09 Paychex PAYX 3.2 25 110.46 +0.89 .89 18.18 6.79 QuinStreet QNST ... dd 11.01 +0.99 ... 443.85 197.83 Saia SAIA ... 31 388.03 +43.77 ... 0.29 0.12 SpringValleyII Rt SVIIR ... ... .14 ... ...
November 6, 2023 BARRON’S 45
54.20 19.86 TTEC TTEC 4.8 16 21.58 +1.33 .52 283.09 204.44 UnitedTherap UTHR ... 12 224.43 +5.20 ...
17.46 11.13 TTM Tech TTMI ... dd 14.64 +3.12 ... Finland 3.39 Australia 2.14
8.04 2.94 Uniti UNIT 11.5 dd 5.20 +1.05 .15
4.45 1.52 Taboola TBLA ... dd 3.83 +0.35 ... 29.88 20.01 UnityBancorp UNTY 1.9 7 25.39 +2.39 .12 Germany 3.25 India 1.48
10.50 3.15 TabulaRasaHlth TRHC ... dd 10.50 +0.09 ... 5.72 1.46 UnityBiotech UBX ... dd 2.06 +0.24 ...
26.11 6.66 TactileSystems TCMD ... cc 12.89 +1.87 ... 166.57 97.00 UnivDisplay OLED 1.0 34 147.05 +2.93 .35
Greece 2.99 China 1.03
153.84 90.00 TakeTwoSoftware TTWO ... dd 138.91 +4.48 ... 25.91 7.02 UnvlElectronics UEIC ... dd 8.68 +1.14 ... Switzerland 2.94 Indonesia 0.90
47.18 14.43 TandemDiabetes TNDM ... dd 15.75 –2.24 ... 45.00 20.85 UnivLogistics ULH 1.8 6 23.56 +2.38 .105
13.03 2.47 TangoTherap TNGX ... dd 8.40 +0.39 ... 16.99 6.80 UnvlStainless USAP ... dd 15.09 +1.07 ...
U.K. 2.54 Malaysia 0.60
6.20 1.70 TarenaIntl TEDU ... dd 1.83 +0.08 ... 12.48 0.75 UniversePharm UPC ... dd 1.10 –0.04 ... Norway 2.07 Philippines 0.45
11.84 10.12 TargetGlbl I A TGAA ... 47 10.94 +0.01 ... 29.06 16.10 UnivestFin UVSP 4.6 7 18.32 +2.11 .21
25.25 11.33 TarsusPharm TARS ... dd 16.00 +2.24 ... 36.17 20.32 Upbound UPBD 4.8 cc 28.57 +3.30 .34 Indexes based on S&P Global Broad Market Indices Source: S&P DJ Indices
24.10 7.95 TaskUs TASK ... 25 10.11 +1.38 ... 9.71 2.42 UplandSoftware UPLD ... dd 4.28 +0.92 ...
9.00 4.97 TatTechnologies TATT ... 32 7.93 +0.57 ...
3.89
12.25
0.50
10.18
TayshaGene
Tech&TelecomA
TSHA ...
TETE ...
dd
85
2.48
11.46
+0.27 ...
+0.01 ...
72.58
15.88
37.82
11.93
6.56
22.37
Upstart
Upwork
UrbanOutfitters
UPST ...
UPWK ...
URBN ...
dd
dd
15
30.32
11.27
35.81
+7.29 ...
+0.96 ...
+1.99 ...
Key Foreign Stock Market Indexes
57.15 23.43 TechTarget TTGT ... 31 25.58 +0.32 ... Most Recent Week’s Year-to-Date Most Recent Week’s Year-to-Date
24.13 7.08 UroGenPharma URGN ... dd 11.57 +0.51 ... Close %Chg. Chg. % Chg. Close %Chg. Chg. % Chg.
6.82 4.33 Ericsson ERIC 3.6 dd 4.67 +0.31.0873 2.56 1.32 Usio USIO ... dd 1.93 –0.06 ...
22.75 6.00 Telesat TSAT ... 2 11.90 +1.75 ... 109.50 75.00 UtahMedProducts UTMD 1.5 17 80.98 +3.91 .30 Amsterdam AEX 736.31 +3.09 +47.30 +6.86 Milan FTSE All Share 30324 +4.46 +4604.72 +17.90
3.32 0.72 TelesisBio TBIO ... dd .80 +0.06 ... 5.03 3.10 UTStarcom UTSI ... dd 3.45 –0.01 ... Athens General 1219.77 +3.48 +289.98 +31.19 Oslo Composite 1509.83 +1.44 +147.15 +10.80
11.24 1.53 Telos TLS ... dd 2.66 +0.31 ... 3.92 0.80 Uxin UXIN ... dd 1.30 +0.12 ... Bangkok SET 1419.76 +2.27 –248.90 –14.92 Paris CAC 7047.50 +3.71 +573.74 +8.86
63.57 30.19 10xGenomics TXG ... dd 39.72 +3.31 ...
VW Bombay Sensex 64363 +0.91 +3523.04 +5.79 Santiago Selective 3168.10 +0.94 –4.47 –0.14
49.77 33.77 Tenable TENB ... dd 37.10 –4.49 ...
8.09 1.64 TenayaTherap TNYA ... dd 2.25 +0.49 ... 6.83 2.53 VNET VNET ... dd 3.70 +0.74 ... Brussels Bel-20 3503.52 +6.47 –197.65 –5.34 Sao Paulo Bovespa 118159 +4.29 +8425.37 +7.68
10.91 10.09 TenXKeaneAcqn TENK ... 61 10.89 –0.01 ... 14.75 7.25 VOXX Intl VOXX ... dd 9.34 +0.46 ...
59.93 39.89 VSE VSEC .7 24 58.33 +5.53 .10 Buenos Aires Merval 637284 –2.79 +435199 +215.35 Seoul Composite 2368.34 +2.85 +131.94 +5.90
119.20 81.08 Teradyne TER .5 29 87.70 +3.86 .11
14.04 4.38 TernsPharm TERN ... dd 4.86 –0.19 ... 81.00 6.86 Vacasa VCSA ... dd 8.70 +1.59 ... Copenhagen OMX 20 2152.89 +3.11 +317.61 +17.31 Shanghai Composite 3030.80 +0.43 –58.46 –1.89
25.50 6.85 TerritorialBncp TBNK 2.4 9 8.19 +1.00 .05 4.54 1.64 Vaccitech VACC ... dd 4.49 +0.85 ... Dublin ISEQ 8059.10 +3.19 +950.28 +13.37 Shenzhen B Share Idx 1053.04 –0.58 –104.29 –9.01
299.29 101.81 Tesla TSLA ... 71 219.96 +12.66 ... 13.07 6.39 ValleyNatlBncp VLY 5.1 7 8.57 +0.81 .11
EURO STOXX SXXE 438.69 +4.29 +28.72 +7.01 Singapore FTSE STI 3143.66 +2.67 –107.67 –3.31
173.27 131.19 TetraTech TTEK .7 27 153.22 +8.45 .26 17.05 9.07 Valneva VALN ... cc 12.49 +1.69 ...
69.27 42.79 TexasCapBcshs TCBI ... 8 57.77 +3.28 ... 11.85 10.24 ValuenceI A VMCA ... 67 11.09 ... ... EURO STOXX 50 SXSE 4174.67 +3.99 +381.05 +10.04 Stockholm OMXS 790.22 +4.89 +8.36 +1.07
188.12 139.48 TexasInstruments TXN 3.5 19 150.23 +7.11 1.30 11.04 4.11 VandaPharm VNDA ... 17 4.52 +0.37 ... Frankfurt DAX 15189 +3.42 +1265.66 +9.09 STOXX Europe 50 SXSP 3873.56 +2.37 +221.73 +6.07
118.16 90.38 TexasRoadhouse TXRH 2.1 24 104.28 +6.57 .55 23.90 17.05 VarexImaging VREX ... 28 18.79 +1.49 ...
Helsinki OMHX 9481.13 +4.03 –1326.65 –12.27 STOXX Europe 600 SXXP 444.24 +3.41 +19.35 +4.55
41.52 25.13 TheBancorp TBBK ... 12 39.27 +4.49 ... 34.64 15.61 VaronisSystems VRNS ... dd 34.39 +2.88 ...
7.18 1.95 TherapeuticsMD TXMD ... 0 2.21 +0.20 ... 5.20 3.05 VastaPlatform VSTA ... dd 3.75 –0.39 ... Hong Kong Hang Seng 17664 +1.53 –2117.29 –10.70 Sydney S&P/ASX 200 6978.20 +2.22 –60.49 –0.86
12.03 8.25 TheravanceBio TBPH ... dd 9.85 +0.82 ... 54.97 34.11 Vaxcyte PCVX ... dd 50.75 +3.75 ... Istanbul IMKB 7705.99 –0.01 +2196.83 +39.88 Taipel Weighted 16507 +2.31 +2369.96 +16.76
14.77 2.12 TheseusPharm THRX ... dd 2.44 +0.29 ... 4.47 0.80 Vaxxinity VAXX ... dd 1.30 +0.32 ...
Jakarta Composite 6795.67 +0.40 –54.95 –0.80 Tel Aviv 125 Index 1701.66 +5.80 –111.69 –6.16
21.50 12.31 ThirdCoastBcshs TCBX ... 10 16.90 +1.90 ... 31.09 17.53 VeecoInstr VECO ... 30 25.32 +1.16 ...
23.43 3.75 ThirdHarmonic THRD ... dd 6.51 –0.40 ... 47.25 14.03 VentyxBiosciences VTYX ... dd 15.58 +0.97 ... Johannesburg All Share 72856 +4.90 –192.39 –0.26 Tokyo Nikkei-225 31949 +3.09 +5855.39 +22.44
1.48 0.71 36Kr KRKR ... dd .73 ... ... 7.73 3.10 VeraBradley VRA ... dd 7.41 +0.22 ... Kuala Lumpur Composite 1449.93 +0.56 –45.56 –3.05 Toronto S&P/TSX 19824 +5.80 +439.93 +2.27
11.81 3.18 Thoughtworks TWKS ... dd 3.68 +0.07 ... 21.02 5.20 VeraTherap VERA ... dd 10.52 +0.54 ...
LISBON PSI 4568.08 +4.87 +147.65 +3.34 Vienna ATX 3186.37 +5.48 +59.98 +1.92
4.39 0.73 ThredUp TDUP ... dd 3.70 +0.90 ... 32.40 19.52 Veracyte VCYT ... dd 24.46 +4.74 ...
10.99 9.78 ThunderBridgeIV A THCP ... 60 10.24 +0.01 ... 19.77 11.30 Veradigm MDRX ... 36 13.54 +0.95 ... London FTSE - 100 7417.73 +1.73 –34.01 –0.46 Wellington S&P/NZX 50 11118 +3.27 –354.32 –3.09
5.12 1.50 TilrayBrands TLRY ... dd 1.92 +0.21 ... 39.90 17.30 Vericel VCEL ... dd 36.86 +4.04 ... Madrid IBEX 35 9293.90 +4.21 +1064.82 +12.94 Zurich Swiss 10579 +2.48 –149.73 –1.40
35.62 22.11 TimberlandBncp TSBK 3.1 9 29.45 +1.75 .23 40.71 18.41 VerintSystems VRNT ... dd 21.08 +2.58 ...
Manila Composite 5989.27 +0.46 –577.12 –8.79
47.87 23.04 TitanMachinery TITN ... 5 26.08 +2.44 ... 229.72 175.20 VeriSign VRSN ... 29 202.49 +9.86 ...
36.60 22.31 Torm TRMD22.3 3 31.41 +1.00 1.50 249.26 162.94 VeriskAnalytics VRSK .6 68 230.62 +6.77 .34 Mexico City IPC 51266 +4.68 +2802.87 +5.78 Indexes are based on local currencies. Because of various holidays and other market closings, the most
recent close is not necessarily that of the week of publication.
46.50 21.43 TowerSemi TSEM ... 10 24.02 +0.80 ... 33.12 14.88 Veritex VBTX 4.1 7 19.73 +2.54 .20
33.27 21.22 TowneBank TOWN 3.8 11 26.06 +2.59 .25 10.99 2.17 Veritone VERI ... dd 2.60 +0.26 ...
46 BARRON’S November 6, 2023
PacerUSCashCows100 COWZ 2.1 49.57 +2.48 .3004 VangdRuss2000 VTWO 1.7 70.53 +4.91 .3202 GSActiveBetaUSLC GSLC 1.4 85.76 +4.79 .2744 iShMSCIAustralia EWA 3.9 21.81 +1.26 .4168 MicroFang-3xInv BERZ ... 6.18 –1.74 ... SimplifySTTrea TUA 4.6 22.20 –0.10 .10
PacerUSSCCash100 CALF 1.2 41.90 +2.64 .1509 VangdSTCpBd VCSH 3.0 75.34 +0.39 .2267 GraniteGold BAR ... 19.70 –0.16 ... iShMSCIBrazil EWZ 8.7 31.90 +1.97 .7562 MicroFANG-3XInvr FNGD ... 8.66 –1.92 ... SimplifyTailRisk CYA 75.7 .90 –4.53 .05
ProShS&P500Arist NOBL 2.2 88.01 +3.89 .5211 VangdShtTmInfltn VTIP 3.9 47.41 +0.21 .3419 HealthCareSelSect XLV 1.7 127.41 +4.27 .5395 iShMSCICda EWC 2.5 33.80 +2.32 .346 MicroFang+3x FNGU ... 162.05 +28.27 ... SimplifyVolPrem SVOL 16.8 22.50 +0.99 .30
ProShShtVIXST SVXY ... 88.58 +9.87 ... VangdShortTrea VGSH 3.1 57.71 +0.05 .1853 HorizonKinInfltn INFL 1.5 30.48 +0.80 .1496 iShMSCI EAFE EFA 2.3 69.66 +3.82 1.3113 MicroGold3XInvr GDXD ... 5.46 –0.33 ... SPDR S&PMdCpTr MDY 1.3 453.01 +27.93 1.5547
ProShUltVIXST UVXY ... 13.64 –6.17 ... VangdTotalBd BND 3.1 69.80 +1.08 .2028 iMGPDBiMgdFut DBMF 7.6 27.91 –0.79 2.2474 iSh MSCI EM EEM 2.3 38.46 +1.93 .3101 MicroGold3xLvgd GDXU ... 29.67 +1.00 ... SPDR S&P Biotch XBI .0 71.46 +7.34 .0026
ProShVIXSTFut VIXY ... 21.15 –5.89 ... VangdTotIntlBd BNDX 2.1 48.27 +0.53 .0844 IndSelSectorSPDR XLI 1.7 101.60 +5.16 .4264 iShMSCIFrance EWQ 2.6 35.65 +1.89 .8174 MicroUSBigBk3X BNKU ... 14.18 +3.73 ... SPDR S&P Div SDY 2.8 115.60 +5.40 .7928
2xBitcoinStrategy BITX ... 16.99 +0.80 ... VangdTotIntlStk VXUS 3.1 54.01 +2.95 .2952 InnovEMPwrJan EJAN ... 27.49 +0.60 ... iShMSCIGermany EWG 2.9 26.15 +1.38 .7587 PGIMUltraShBd PULS 5.1 49.29 –0.17 .2375 SPDRS&POil&Gas XOP 2.4 147.62 +3.72 .7724
2xLongVIXFut UVIX ... 26.75 –17.65 ... WisdTrUSQltyDiv DGRW 1.9 64.69 +3.26 .05 InvscCA AMT-Fr PWZ 3.0 23.25 +0.49 .0586 iShMSCIHongKong EWH 3.4 17.54 +0.73 .3131 Pimco25+YrZC ZROZ 4.0 70.76 +4.38 .71 SPDR S&P Retail XRT 2.0 62.08 +4.17 .1711
VanEckAMTFrLgMun MLN 3.4 16.68 +0.41 .0541 InvscDBComm DBC .6 24.68 –0.32 .1447 iShMSCIIndonesia EIDO 3.3 21.33 +0.97 .4814 PimcoEnhShMat MINT 4.6 99.74 –0.38 .423 SprottUranium URNM ... 46.01 +2.48 ...
VanEckHYMuni HYD 4.3 48.64 +0.68 .1855 NYSE ARCA InvscDBAgriFd DBA .4 22.40 +0.35 .0964 iShMSCIIntlQual IQLT 2.3 34.17 +1.81 .4842 ProShBitcoin BITO 16.2 17.43 +0.32 .1403 TRowePriceCapAppr TCAF ... 25.27 +1.24 ...
VanEckIntermMuni ITM 2.5 44.22 +0.70 .0991 AGF USMktNeut BTAL 1.0 20.74 –0.33 .2132 InvscDBOilFund DBO .6 16.50 –1.20 .1002 iShMSCIIntlValue IVLU 3.7 25.29 +1.35 .6309 ProShShortHY SJB 2.9 18.20 –0.59 .176 TechSelectSector XLK .8 171.76 +10.64 .3603
VanEckMstrWdMoat MOAT 1.1 75.31 +4.60 .8119 ARK Innovation ARKK ... 40.44 +6.34 ... ProShShMSCI EAFE EFZ 2.2 18.90 –1.09 .2174 TeucriumWheatFd WEAT ... 5.77 –0.03 ...
VanEckVietnam VNM .9 12.53 +0.48 .0034 abrdnPhysGold SGOL ... 19.06 –0.14 ... ProShShrtQQQ PSQ .5 10.67 –0.68 .1432 USGlobalJets JETS ... 15.94 +1.20 ...
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
VangdUltShrtBd VUSB 4.1 49.12 –0.08 .2032 abrdnPhysSilver SIVR ... 22.19 +0.05 ... ProShShRuss2000 RWM .4 24.62 –1.83 .2703 UtilitiesSelSector XLU 3.4 61.86 +3.13 .5216
XtrkUSDHYBB-BxFin BHYB ... 51.95 ... ... AdvShMSOS2xDly MSOX ... 2.86 +0.57 ... ProShShrtS&P500 SH 3.6 14.33 –0.12 .1652 VanEckBDCIncm BIZD 11.0 15.62 +0.95 .4365
NASDAQ
AXS1.25XNVDABr NVDS 3.6 37.47 –5.42 11.2955
AdvShPureUSCan
AlerianMLPETF
AmplifyHiIncm
MSOS
AMLP
YYY
...
7.3
12.9
5.88
43.72
11.18
+0.64
+1.99
+0.77
.83
...
.12
Selected ETF Leaders ProShUltBlmCrude
ProshUltBlmNatGas
ProShUltraQQQ
UCO
BOIL
QLD
...
...
.2
31.84
66.20
61.85
–2.31
–0.62
+7.18 .1092
...
...
VanEckGoldMin
VanEck IG FR
VanEckJPMEMLCBd
GDX 1.6
FLTR 5.8
EMLC 6.1
29.47
25.12
24.37
+0.27
–0.10
+0.70
.4762
.1339
.125
AXSShInnovDly SARK .0 38.34 –7.51 13.748 ArkFinInnov ARKF ... 20.12 +2.73 ... ProShUltRus2000 UWM .5 29.15 +3.83 .0155 VanEckJrGoldMin GDXJ .5 35.48 +1.05 .1825
AXSTSLABrDly TSLQ 1.3 36.24 –2.42 2.0285 AvantisIntlSCValue AVDV 3.3 58.09 +3.33 1.1645
iShares Core S&P ProShUltraS&P SSO .3 54.71 +5.78 .1815 VanEckMerkGoldTr OUNZ ... 19.28 –0.15 ...
7.54%
DefNasdaq100Enh QQQY 71.1 17.73 –0.41 1.00 AvantisUSEquity AVUS 1.5 73.92 +4.14 .2673 Small Cap (IJR) ProShUltSilver AGQ ... 26.47 +0.11 ... VanEckOilSvcs OIH .9 335.35 +9.48 2.8887
DirexAAPLBear1X AAPD 3.4 22.08 –1.11 .1933 AvantisUSSCValue AVUV 1.9 78.63 +5.25 .3575 ProShUltDow30 UDOW 1.3 55.58 +7.43 .1546 VanEckPfdxFin PFXF 7.6 16.61 +0.91 .0776
DirexTSLABr1x TSLS 3.1 21.75 –1.46 .1797 CapitalGrpDivVal CGDV 1.7 27.03 +1.47 .1165 Invesco QQQ Trust ProShUltRus2000 URTY .3 31.62 +5.99 .0414 VangdExtMkt VXF 1.5 141.75 +9.68 .473
DirexTSLABl1.5x TSLL 2.3 12.51 +1.01 .1126 CapGrpGlbGrw CGGO .8 23.52 +1.39 .1126 6.49 ProShUltS&P500 UPRO 1.0 42.44 +1.11 .0561 VangdInfoTech VGT .7 427.88 +26.66 .8814
FT CapStrength FTCS 1.4 75.22 +3.84 .215 CapitalGrpGrw CGGR .4 25.02 +1.62 .0529 (QQQ) ProShUltShDow30 SDOW .4 25.01 –4.01 .2587 VangdSC Val VBR 2.4 159.85 +10.67 .875
FT DorseyFoc5 FV 1.0 44.02 +2.74 .0096 CapGrpIntlFocus CGXU 1.2 22.04 +1.05 .1406 ProShShtRus2000 SRTY 2.2 48.73 –12.22 .3742 VangdDivApp VIG 2.0 157.74 +7.58 .7705
FT EnhShtMat FTSM 4.4 59.52 –0.16 .244 CommSvsSPDR XLC .8 67.56 +4.47 .1678 Vanguard FTSE ProShUltSh&P500 SPXU 4.3 11.41 –2.11 .174 VangdEnergy VDE 3.5 122.19 +3.04 .866
FT GlTactCommod FTGC 12.9 23.85 –0.16 .1875 CnsmrDiscSelSector XLY .9 160.22 +10.63 .3053 6.30 ProShUltBloomCrd SCO ... 17.96 +1.08 ... VangdExtDuratn EDV 4.1 68.37 +3.95 .7372
Developed Markets
FT LowDurOpp LMBS 3.7 47.13 +0.38 .205 ConsStaplesSPDR XLP 2.7 68.75 +2.17 .4852 ProShUltDow30 DXD 1.7 41.70 –4.29 .3439 VangdFTSEAWxUS VEU 3.1 52.44 +2.87 .30
FT MgdMuni FMB 3.1 48.91 +0.68 .1275 DimenCoreFxIncm DFCF 4.3 40.58 +0.84 .19 (VEA) ProShUltShEur EPV 2.0 10.77 –1.22 .0683 VangdAWxUSSC VSS 3.2 106.16 +6.69 .5617
FT NasdCleanEdge QCLN .9 35.96 +1.36 .0261 DimenEmgCore DFAE 2.9 22.69 +1.06 .286 Vanguard Total Stock ProShUltShQQQ QID .3 13.29 –1.78 .1763 VangdFTSEDevMk VEA 3.1 44.19 +2.61 .3099
6.05
FT NasdCybersec CIBR .3 45.62 +1.85 .0088 DimenEMCore2 DFEM 2.7 23.47 +1.11 .2904 Market (VTI) ProShUltShRus2000 TWM 2.2 15.98 –0.91 .1268 VangdFTSE EM VWO 3.1 39.51 +1.73 .3275
FTRisingDivAch RDVY 2.4 46.37 +2.93 .2241 DimenGlbRealEstate DFGR 2.3 23.09 +1.89 .1959 ProShUltShS&P500 SDS 3.6 36.14 –0.66 .493 VangdFTSE Europe VGK 3.4 58.24 +3.06 .2606
FT SMID CapRising SDVY 2.4 28.40 +1.92 .0982 DimenIntlCore DFAI 2.7 26.33 +1.45 .1404 ProShUltShSilver ZSL ... 19.52 –0.14 ... VangdFTSE Pac VPL 2.9 68.32 +4.42 .2784
FT SrLoanFd FTSL 7.4 45.80 +0.45 .295 DimenIntlValue DFIV 4.1 32.32 +1.46 .2892 iShares Core MSCI ProShUltraSh20+ TBT 2.8 39.49 –3.44 .311 VangdFinls VFH 2.4 81.77 +5.80 .5048
6.04
FT TCW Opp FIXD 4.2 42.22 +0.96 .165 DimenNatlMuniBd DFNM 2.3 46.66 +0.43 .1188 EAFE (IEFA) QuadIntRtVol IVOL 3.7 21.13 –0.01 .063 VangdGrowth VUG .6 279.89 +17.42 .3759
GlbXNasd100Cv QYLD 12.0 16.96 +0.57 .1668 DimenUSCore DFAU 1.4 30.27 +1.69 .1047 RealEstSectorSPDR XLRE 3.8 35.11 +2.76 .291 VangdHiDiv VYM 3.2 103.82 +5.11 .7846
GlbX Robotics&AI BOTZ .2 24.45 +2.11 .0532 DimenUSCoreEq2 DFAC 1.4 26.40 +1.49 .0967 SPDRBlackSrLoan SRLN 8.1 41.54 +0.10 .32 VangdIntermBd BIV 3.1 72.49 +1.23 .2163
SPDR S&P 500 ETF SPDRBBCpBd SPBO 4.9 27.51 +0.46 .1236 VangdLongTermBd BLV 4.5 66.40 +2.20 .2635
GrShr1.5xLgNVDADly NVDL ... 87.86 +12.56 ... DimenUSHiProf DUHP 1.6 26.07 +1.28 .1245 5.85
InvscActMgdETC PDBC 13.0 14.79 –0.20 1.9283 DimenUSLCVal DFLV 1.3 24.73 +1.38 .1233 Trust (SPY) SPDRBlmCvSecs CWB 2.4 66.47 +1.58 .1166 VangdMegaGrwth MGK .5 234.63 +14.60 .3158
InvscBS28CpBd BSCS 3.9 19.48 +0.26 .0674 DimenUSMktVal DFUV 1.9 33.76 +1.91 .1755 SPDRBlmEMLocBd EBND 5.5 20.19 +0.61 .0969 VangdMC VO 1.7 207.80 +12.14 .7778
InvscBS25CpBd BSCP 3.3 20.20 +0.07 .0596 DimenUSRealEst DFAR 3.2 20.10 +1.59 .2158 Vanguard Dividend SPDR Blm HY Bd JNK 6.7 91.24 +2.63 .5012 VangdMC Val VOE 2.5 132.09 +7.82 .7219
InvscBS25HYCpBd BSJP 6.6 22.55 +0.28 .1414 DimenUSSCETF DFAS 1.2 52.19 +3.36 .1592 5.05 SPDRBlmInvGrdFR FLRN 5.3 30.58 –0.13 .1538 VangdRealEst VNQ 4.6 77.59 +6.34 .7268
InvscBS24CpBd BSCO 2.8 20.76 +0.04 .0502 DimenUSSCValue DFSV 1.4 25.43 +1.82 .102
Appreciation (VIG) SPDRBB1-10YTIPS TIPX 3.6 18.19 +0.09 .0767 VangdS&P500ETF VOO 1.6 399.44 +22.12 1.4925
InvscBS27CpBd BSCR 3.7 18.86 +0.22 .0621 DimenWorldexUS DFAX 3.3 22.62 +1.18 .2142 SPDRBbg1-3MTB BIL 4.6 91.48 –0.33 .4077 VangdST Bond BSV 2.3 75.46 +0.33 .1861
InvscBS26CpBd BSCQ 3.5 18.91 +0.14 .0576 DirexAeroBl3 DFEN 1.2 17.96 +2.71 .0607 Vanguard FTSE SPDRBlmSTHYBd SJNK 7.4 24.48 +0.42 .1759 VangdSC VB 1.7 187.37 +12.11 .7353
InvscBS23CpBd BSCN 3.2 21.25 +0.02 .084 DirexCSIChinaInt CWEB 1.2 34.23 +1.96 .175 4.58 SPDR 3-12MT-Bill BILS 4.8 99.10 –0.33 .4462 VangdTaxExemptBd VTEB 2.9 48.31 +0.82 .118
Emerging Markets
InvscBuyBackAch PKW 1.2 89.66 +5.21 .2225 DirexDJBull3X WEBL .0 9.66 +1.66 .0001 SPDRDoubleTRTact TOTL 5.2 38.29 +0.52 .1579 VangdTotalStk VTI 1.6 215.41 +12.29 .7984
InvscHYEquDivAch PEY 4.8 19.21 +1.21 .093 DirexEnerBr2x ERY 3.8 26.58 –1.28 .238
(VWO) SPDR DJIA Tr DIA 2.0 340.61 +16.42 .1873 VangdTotWrldStk VT 2.1 94.35 +5.38 .4055
InvscKBWBank KBWB 3.9 40.90 +4.16 .4053 DirexEnerBull2x ERX 2.9 60.79 +2.76 .4526 Vanguard Total Bond SPDR DJ REIT RWR 4.0 83.93 +6.48 .8202 VangdValue VTV 2.7 138.59 +6.77 .8971
1.57
InvscNasd100 QQQM .7 151.30 +9.21 .2448 DirexChinaBr3 YANG 3.0 10.96 –0.95 .0899 Market (BND) SPDREuroStx50 FEZ 3.2 42.81 +2.47 .1196 WisdTrEMxSOE XSOE 1.3 27.01 +1.39 .16
InvscQQQI QQQ .6 367.71 +22.40 .5355 DirexChinaBl3 YINN 3.4 27.44 +1.96 .0653 SPDRGoldMini GLDM ... 39.52 –0.29 ... WisdTrFRTrea USFR 4.9 50.36 +0.06 .226
iShBiotech IBB .3 119.79 +7.38 .1532 DirexFinlBear3 FAZ 3.1 18.93 –4.64 .149 SPDR Gold GLD ... 184.79 –1.36 ... WisdTrIndiaEarn EPI .2 36.64 +1.00 .06
iShBrdUSDInvCpBd USIG 4.1 47.99 +0.78 .1781 DirexFinlBull3 FAS 2.3 60.70 +11.47 .2928
SPDR Gold Shares SPDR MSCI exUS CWI 3.0 25.21 +1.38 .4119 WT JapanHdg DXJ 2.7 90.67 +5.49 .0115
-0.73
iShCoreMSCITotInt IXUS 2.4 60.52 +3.34 .9815 DirexGoldMinBr2 DUST 3.2 12.07 –0.32 .1367 (GLD) SPDRNuvBBHYMuni HYMB 4.3 23.73 +0.43 .0871 XtrksHarvCSI300 ASHR 1.3 25.21 +0.54 .3162
iShCore1-5YUSDBd ISTB 2.8 46.57 +0.27 .1303 DirexGoldMinBl2 NUGT 1.6 31.51 +0.36 .1103 SPDRNuveenMuniBd TFI 2.5 43.96 +0.72 .1016 XtrksMSCIEAFE DBEF 5.0 35.05 +1.57 1.6133
iShCoreS&PUSValue IUSV 2.0 76.11 +4.63 .4426 DirexHmbldrBull3 NAIL .3 58.76 +17.80 .0362 Source: Barron’s Statistics SPDRPtfAggBd SPAB 3.4 24.34 +0.40 .0762 XtrkUSDHYCpBd HYLB 6.0 34.24 +0.95 .1807
iShCoreTotalUSDBd IUSB 3.5 43.75 +0.70 .1403 DirexJrGoldMinBr2 JDST 3.6 6.66 –0.47 .0813 SPDRPtfDevxUS SPDW 3.0 31.31 +1.85 .584 YieldMaxCoinOpt CONY 65.8 22.05 +3.86 1.2088
iShESGAwareMSCI ESGD 2.4 69.65 +3.75 1.3665 DirexJrGoldMnBl2 JNUG 1.4 30.28 +1.54 .1315 SPDRPtfEM SPEM 3.3 33.78 +1.48 .446 YieldMaxTSLAOpt TSLY 71.2 12.15 +0.78 .5769
November 6, 2023 BARRON’S 47
Cash Track
open-end funds by assets. These
funds value their portfolios daily barrons.com/cefund. They will no longer appear in print. The
and report net asset values (the
dollar amount of their holdings Herzfeld chart has moved to the Market Lab Newsletter. To sign
divided by the number of shares
outstanding) to the National up for the newsletter, go to barrons.com/newletters. Saving for Winter: Fresh cash shrank the industry’s outflows. At equity funds, the average weekly out-
Association of Securities Dealers.
Total returns reflect both price flow in the past month narrowed, to $2 billion. Taxable-bond fund outflows fell to $500 million. In muni-bond
changes and dividends; these Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. funds, outflows did widen a bit, to $860 million. But at money-market funds, new cash reduced the average
figures assume that all distribu- NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret.
tions are reinvested in the fund. IncoA 22.12 0.87 0.0 19.3 NtlIntmMuni 12.44 0.20 -0.1 -4.3 IntlSustCore1 11.07 0.65 6.2 13.9
weekly outflow to $7.9 billion.
Because Lipper is constantly up-
dating its database, these returns IntBdA n 12.21 0.16 1.0 -6.9 Brown Advisory Funds: IntlVal 18.84 0.77 9.3 50.2
may differ from those previously IntlGrIncA 33.17 1.55 6.2 17.3 GrwthEquityInst 25.13 1.46 16.0 0.5 IntlVectorEq 12.37 0.65 6.7 26.9 Equity Funds Municipal Bond Funds
published or calculated by others. LtdTEBdA n 14.80 0.14 -0.1 -3.7 IntSmCo 17.68 1.03 3.6 15.9
3 year returns are cumulative. The N PerA 53.30 2.72 12.7 15.2 C IntSmVa 19.97 1.03 8.5 35.7 -1100 0
NAV is the last reported closing IntTermMuni 9.74 0.09 -0.1 -3.8
price for the week. Footnotes: NA: NEcoA 50.54 2.68 16.2 4.7
not available. NE: performance NwWrldA 71.02 3.02 6.9 2.0 Calamos Funds: IntVaIII 16.20 0.66 9.3 50.5 -3500 -300
excluded by Lipper editor. NN: fund SmCpA 58.09 3.37 3.5 -3.6 Gr&IncA 40.64 1.77 11.4 23.9 ITExQual 9.03 0.13 1.9 -14.3
not tracked. NS: fund not in STBFA n 9.42 0.04 2.3 -2.2 MktNeutI 14.61 0.12 7.2 9.6 LgCo 29.75 1.65 15.0 35.4 -5900 -600
existence for whole period. e: ex TECAA n 15.73 0.29 -0.7 -6.1 LgCpIntl 24.32 1.26 7.6 22.1
capital gains distributions. f: Calvert Investments:
previous day’s quote. n: no front- TxExA n 11.76 0.21 -0.1 -5.3 Eq A 68.84 NA NA NA SclCrEqInst 12.92 0.75 6.7 18.7 -8300 -900
or back-end sales charge. p: fund WshA 53.81 2.52 7.3 40.2 Carillon Reams: STExQual 10.24 -0.10 4.1 -1.4
assets are used to pay marketing AMG Managers Funds:
CorePlBd I 28.48 0.64 -0.1 -12.1
STGov 9.95 0.01 4.2 -1.6 -10700 -1200
and distribution costs (12b-1 fees). STMuniBd 10.10 0.00 2.0 1.5
r: fund levies redemption fee or YachtmanFocFd I 19.46 1.02 7.9 38.1 Carillon Scout:
US CoreEq1 32.80 1.83 11.4 37.6
Sep Oct Nov Sep Oct Nov
back-end load. s: stock dividend or YacktFocFd N n 19.51 1.03 7.7 37.3
MidCap I 19.82 1.22 2.3 14.5 US CoreEq2 29.53 1.64 10.0 39.0
split of 25% or more. t: fund charges YacktmanFd I 22.68 1.11 7.3 40.6
12b-1 fees (for marketing and Angel Oak Funds Trst:
CausewayInst : US Micro 23.35 1.52 2.9 44.5 Money Market Funds Taxable Bond Funds
distribution) and a back-end load. CausewayInst 18.51 1.05 16.2 49.3 US Small 39.46 2.47 2.9 38.3
v: capital-gains distribution may be AglOkMtiStFdClIn 8.31 NA NA NA 25100 2500
CIBC Atlas: US SmCpVal 40.46 2.72 4.3 70.7
a return of capital. x: ex cash AQR Funds:
dividend. DispEq Inst 26.50 1.49 10.0 24.3 US TgdVal 28.31 1.94 4.6 68.4 14700 1300
LgCapDefStyle I25.94 0.98 3.8 19.0 USLCpGr 28.67 1.50 13.5 34.9
Net YTD 3-Yr.
ClearBridge:
MgdFutStrI 9.11 -0.28 4.6 41.2 USLgVa 41.57 2.29 1.8 41.8
NAV Chg. % Ret. % Ret. Artisan Funds: AggressGrowthA104.65 6.33 8.5 6.3 4300 100
AllCapValueA 12.85 0.71 5.5 42.0 USLgVaIII 27.21 1.49 1.9 42.1
A GblOppInst 28.89 1.62 9.4 -4.6 USSoCoreEq2 21.35 1.30 12.0 35.1
Intl Inv n 25.22 1.17 5.5 2.4
AppreciationA 30.10 1.53 12.0 33.8
USSustCoreI 33.70 1.95 12.8 34.4
-6100 -1100
DividendStrat1 n 27.65 1.39 6.9 38.2
AAM: IntlInst 25.39 1.17 5.7 3.1 USVectorEq 22.10 1.32 4.8 43.2
IntlVal Inst 43.73 1.99 13.3 48.9
DividendStratA 27.63 1.39 6.6 37.0
Dodge & Cox: -16500 -2300
B&GIncGroClI 21.60 0.99 -1.1 22.8 LargeCapGrowthA 50.72 3.04 29.6 16.8
AB Funds: IntlVal Inv n 43.52 1.98 13.1 47.9
LargeCapGrowthI 59.38 3.57 29.9 17.8 Balanced n 96.21 3.71 5.8 31.7 Sep Oct Nov Sep Oct Nov
MidCapInst 37.04 1.68 10.7 -10.9 Dodge & Cox n 10.33 0.26 4.5 -0.3
CapFdInc.LCapGow 85.34 4.73 22.2 24.4 SmallCapGrowthIS 34.81 1.86 -6.7 -12.1
MidCapInv n 30.99 1.40 10.5 -11.6 GblStock n 13.83 0.74 9.7 51.7 A red chart indicates a lower value than the starting period. Green means it's higher than the starting period.
MuniIncmShares 10.32 0.27 -1.1 -2.2 Cohen & Steers:
Income n 11.97 0.27 1.1 -8.7 The charts above show four-week moving averages of net cash flow in millions of dollars. BARRON'S • Lipper FMI
AB Funds - A: B GlbRltyI 46.82 3.65 -1.8 3.3
Intl Stk n 46.30 2.09 7.4 35.8
LgCpGrA 75.78 4.20 21.9 23.2 InstlRlty 41.33 3.33 -0.6 14.0
RelatValA 6.02 0.28 2.7 45.2 Baird Funds: Stock n 226.42 12.79 7.0 54.9
PrefSecIncnI 11.19 0.21 0.0 -5.4 Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr.
AB Funds - ADV: DoubleLine Funds:
AggBdInst 9.33 0.18 -0.1 -13.5 RltyIncI 14.80 1.20 -0.1 13.6 NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret.
GlbBd 6.60 0.10 1.2 -10.0 CorBdInst 9.63 0.18 0.4 -11.9 RltyShs n 56.71 4.57 -0.8 13.4 CoreFxdIncmI 8.86 0.13 0.3 -11.1
LgCpGwId InstPre n 26.72 1.57 28.6 30.9 StkSelAllCap 62.92 3.40 13.9 29.2 DivGth n 30.49 1.58 7.9 40.3 SrsCommStrt 100.00 -0.40 -2.9 53.4
HiIncmAdv 6.60 0.15 7.8 7.6 IntBdInst 10.01 0.11 1.9 -7.3 Colorado BondShares: LowDurBdI 9.46 0.00 4.7 3.5
LgCpVlIdxIstPrem n 14.99 0.81 1.8 33.6 Fidelity Freedom: DivIntl n 39.18 2.00 7.5 3.8 SrsEmrgMkt 16.57 0.76 6.1 -9.8
IntlStraEquPtADV 10.94 0.48 4.2 5.3 ShtTBdInst 9.27 0.04 3.4 -0.3 ShillerEnhCAPEI 12.93 0.71 14.1 23.5
ColoradoBdShs 8.40 0.10 2.1 4.2 LTTrsBdIdxInstPr n 9.05 0.34 -8.3 -38.3 2060 K6 11.98 0.61 9.8 20.2 DivIntl K6 12.60 0.65 7.4 4.9 SrsGlobal 13.08 0.67 5.9 11.1
LgCpGrAdv 85.41 4.74 22.2 24.1 Baron Funds: TotRetBdI 8.40 0.12 -0.7 -12.4
Columbia Class A: MidCpInxInstPrem n 26.75 1.61 3.5 20.3 FF2010 n 13.13 0.34 3.3 0.7 DivStkO n 30.18 1.76 17.2 33.1 SrsIntlGrw 15.47 0.91 8.5 9.0
NationalPtf 9.19 0.17 -0.2 -4.6 TotRetBdN n 8.40 0.12 -1.0 -12.9
Asset n 90.29 6.28 4.0 -0.3 BalancedA 44.57 1.87 11.4 16.6 OTCK6Port 18.31 1.14 30.5 27.6 FF2015 n 10.69 0.33 4.0 2.5 EmrMkt n 33.45 1.53 6.5 -10.8 SrsGroCoRetail 17.93 1.17 30.2 26.6
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
SelectUSLgShrt 12.96 0.29 5.5 19.0 Growth n 89.50 5.90 5.3 15.2 ContCoreA 29.01 1.60 19.5 37.7 E PuritanK6 13.09 0.59 11.1 18.0 FF2020 n 13.33 0.47 4.6 4.3 Eq Inc n 64.19 2.93 2.1 37.7 SrsIntlSmCp 15.22 0.86 2.6 2.8
SmMidCpValAdv20.38 1.21 0.6 35.5 Partners n 140.06 9.39 25.5 33.5 DisplCoreA 12.44 0.66 13.7 36.2 RealEstIdxInst n 13.91 1.14 -2.8 10.9 FF2025 n 12.33 0.48 5.3 6.2 EqDivIncm n 25.84 1.25 2.6 42.4 SrsIntlVal 11.04 0.53 10.1 42.7
Aberdeen Fds: SmallCap n 26.87 1.71 9.1 0.6 DivIncA 29.21 1.37 2.4 35.0 Eaton Vance Class A: SAIUSLgCpIndxFd 18.11 1.00 15.0 35.5 FF2030 n 15.52 0.63 6.1 9.1 Fidel n 69.10 3.55 19.6 28.2 STBF n 8.28 0.03 3.2 -0.8
EmMktEqty Inst 12.52 0.57 0.2 -16.3 Baron Instl Shares: LgCpGrowA 54.09 3.31 30.4 26.9 TMG1.1 87.23 4.71 17.2 32.6 SeriesBondFd 8.60 0.15 -0.5 -14.0 FF2035 n 13.51 0.60 7.7 14.7 FltRateHi n 9.19 0.02 9.6 19.9 StkSelSmCp n 29.13 1.83 4.0 26.7
Advisers Inv Trst: AssetInst 95.54 6.65 4.2 0.4 LgCpVl A 14.87 0.74 1.5 35.8 Eaton Vance Class I: SeriesOverseas 11.77 0.64 8.4 13.6 FF2040 n 9.68 0.48 9.3 19.1 FocsdStk n 28.14 1.58 19.0 23.3 StkSlcACap n 63.32 3.42 13.8 28.9
Balanced n 83.64 3.03 6.5 23.6 EmergingMktsInst 13.18 0.47 1.1 -17.4 LiGoBalA 10.30 0.43 8.7 10.5 SerLTTreBdIdx 5.23 0.20 -8.4 -38.3 FF2045 n 11.12 0.57 9.5 19.4 FournOne n 51.08 2.56 8.6 17.1 StratDivInc n 15.34 0.71 1.7 21.3
AtlCpSMID 35.23 1.89 3.1 32.2 SmCpIdxInstPrem n 21.92 1.55 1.4 13.7
Growth n 103.66 5.20 8.6 37.1 GrowthInst 94.44 6.23 5.5 16.1 SelgComuInfoA 101.83 5.66 24.6 48.9 FF2050 n 11.26 0.58 9.5 19.4 GNMA n 9.67 0.24 -1.2 -12.8 TaxFrB n 10.37 0.20 0.1 -5.1
FltgRt 8.32 NA NA NA STBdIdx InstPrem n 9.57 0.06 2.4 -3.9
Akre Funds: PartnersInst 145.78 9.79 25.8 34.5 TaxEA 11.03 0.27 -1.4 -8.4 Free2055 n 13.02 0.66 9.5 19.3 GovtInc n 8.82 0.16 -1.4 -15.6 TotalBond n 9.09 0.17 0.9 -10.2
GblMacAbR 8.15 NA NA NA STTreIdx InstPre n 9.93 0.06 2.0 -4.7
SmallCapInst 28.95 1.85 9.3 1.3 Columbia Class Adv: Free2060InstPrem 14.99 0.79 9.1 16.9 GroCo n 29.60 1.92 31.5 23.3 TotalBond K6 8.46 0.16 0.9 -9.9
AkreFocusInst 54.45 3.98 13.3 19.4 IncBos 4.90 NA NA NA TMktIdxInstPrem n 120.55 6.91 14.0 30.9
Bernstein Fds: Freedom2015 K 10.68 0.32 4.0 2.8 GroInc n 50.48 2.42 8.9 51.8 Trend n 138.82 8.66 28.9 20.0
AkreFocusRtl 52.37 3.82 13.0 18.4 DivIncom 29.80 1.40 2.6 36.0 NatlMuniInc 8.75 0.19 0.1 -5.5 TotalMarketIndex n 15.23 0.87 14.1 31.8 Freedom2020 K 13.33 0.47 4.7 4.5 GrowCoK 29.75 1.93 31.6 23.5 Value n 13.25 0.95 6.1 57.0
AmanaGrowth n: DivrMuni n 13.43 0.14 0.7 -2.0 Columbia Class C: Edgewood Growth Instituti: TtlIntIdxInstPr n 12.37 0.64 5.6 11.1 Freedom2020K6 13.28 0.46 4.9 4.8 GrStrt n 50.28 2.79 7.7 8.2 ValueDisc n 33.51 1.48 -1.0 34.6
AmanaGrowth n 64.69 3.31 13.1 36.7 IntmDur n 10.82 0.22 -0.8 -14.2 DivInc 28.18 1.32 1.7 31.9 EdgewoodGrInst 38.25 2.52 22.2 -0.3 USBdIdxInstPrem n 9.89 0.19 -0.4 -14.0 Freedom2025 K 12.31 0.47 5.3 6.3 GwthDiscovery n 48.51 2.80 22.0 27.1 Wrldw n 28.66 1.64 14.0 13.5
Amer Beacon Insti: NY Mun n 12.99 0.13 0.7 -1.3 Columbia Class I: USSusIdx n 19.48 1.12 16.9 36.5 Freedom2025K6 12.28 0.47 5.4 6.7 HighInc n 7.29 0.16 4.8 0.3 Fidelity SAI:
SmCpInst 23.11 1.53 3.0 48.8 BlackRock Funds: F Fidelity Adv Focus A:
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
Acorn I 9.36 0.40 4.3 -14.3 Freedom2030 K 15.52 0.63 6.2 9.4 IntBd n 9.80 0.10 1.8 -7.3 FidSAIEmgMktIndx 12.46 0.55 2.2 -9.0
American Century G: CoreBd Inst 7.96 0.16 -0.2 -13.9 Balanced I 44.46 1.87 11.6 17.5 HthCarA 53.91 2.06 -6.7 -3.5 Freedom2030K6 15.48 0.63 6.3 9.9 IntlDisc n 41.13 2.09 3.7 0.1
Fairholme: FidSAIIntlIndxFd 12.65 0.66 7.7 19.2
GlBond 8.38 0.15 1.4 -9.9 HiYBlk 6.74 0.16 7.6 7.1 ContCore I 29.39 1.62 19.7 38.7 TechA 87.50 3.99 40.8 38.2 Freedom2035 K 13.51 0.61 7.8 15.1 IntlEnhIdx n 9.82 0.47 7.7 20.0
Fairholme n 30.92 1.69 24.9 42.2 IntlValIdx 9.17 0.45 10.2 41.4
Sustain Equity 44.16 2.46 13.9 33.4 HiYldBd Inst 6.74 0.17 7.5 7.0 DivIncom I 29.24 1.38 2.6 36.0 Fidelity Advisor: Freedom2035K6 13.48 0.61 8.0 15.6 IntlGrRet n 17.12 1.01 7.5 6.2
FAM Value: LowDurationInc 10.04 0.01 4.5 5.4
American Century I: InflProtBdInst 9.49 0.14 0.4 -3.9 LgCpIdx I 49.69 2.76 14.9 34.9 Freedom2040 K 9.69 0.48 9.3 19.4 IntlSmCap n 28.68 1.51 7.3 20.8
SrsAdvIntlCapApp26.46 1.55 13.2 4.1 Muni Inc 9.34 0.17 0.0 -5.4
LowDurI Inst 8.86 0.06 3.3 -1.0 SelComunInfo 118.12 6.57 24.8 50.1 FAMValue n 86.57 4.01 4.9 23.7 Freedom2040K6 9.65 0.48 9.4 19.9 IntMu n 9.71 0.12 0.1 -3.4
EqInc 8.47 0.32 -1.6 20.8 StragInc n 10.86 0.21 3.4 0.2 SAIEmgMktLoVolIx 10.43 0.29 6.6 16.2
BlackRock Funds A: SelLCVal 30.58 1.52 -2.1 41.4 Federated Hermes A: Freedom2045 K 11.12 0.57 9.6 19.7 InvGB n 6.87 0.13 0.3 -12.5
Growth 47.34 2.81 29.4 27.6 TotBdFdClZ 9.08 0.18 1.0 -10.0 SAIInflaFocFd 91.31 -1.37 -5.9 48.3
IntTF 10.33 0.15 -0.3 -3.7 AdvLgCapCore 17.29 1.01 13.9 30.8 StratInc I 20.36 0.44 3.7 -2.3 StrValDivA p 5.13 0.27 -8.5 31.6 Fidelity Advisor A: Freedom2045K6 11.08 0.57 9.8 20.2 InvGrBd 9.57 0.18 0.5 -10.7 ShortTermBd 9.52 0.03 3.0 -0.7
MdCapVal 14.83 0.67 -2.8 31.7 CapAppr 29.06 1.87 32.9 12.1 TotReBd I 28.82 0.64 0.7 -14.3 Federated Hermes Int: Freedom2050 K 11.26 0.58 9.7 19.7 LargeCap n 42.06 2.02 12.6 53.7 TotalBd 8.60 0.17 1.0 -9.5
BalancA 24.46 1.02 11.9 19.0
SmCapVal 9.13 0.59 0.8 45.4 EqtyDivd 18.36 0.96 4.1 38.2 Columbia Class I2: InsHiYld 8.45 0.24 7.0 3.7 Freedom2050K6 11.24 0.57 9.8 20.2 LCapCrEIdx n 20.31 1.09 14.5 40.0 TxFreeBd 9.48 0.17 0.1 -4.9
EqGrA p/r 15.46 0.89 21.7 26.1
American Century Inv: GlblAlloc 16.86 0.44 2.6 2.2 DivIncom 29.77 1.40 2.6 36.2 TtlRtnBdI 9.11 0.18 -0.7 -10.8 GrOppA 113.28 7.22 28.1 4.2 Freedom2055 K 13.04 0.67 9.7 19.7 LCapGrEIdx n 28.62 1.54 25.5 33.5 U.S.TreBdIdx 8.45 0.13 -0.6 -15.1
HlthScOp 62.29 1.94 -3.2 11.4 Columbia Class I3: Federated Hermes IS: NwInsghtA 31.44 1.61 25.1 23.6 Freedom2055K6 13.02 0.67 9.8 20.3 LevCoSt n 32.31 1.68 12.9 32.1 Fidelity Selects:
DiscCoreVal n 30.24 1.58 -0.2 18.8
MdCpGrA 27.93 1.52 9.4 -9.0 KaufmnSCI 42.56 3.17 2.4 -12.3 StrInA 10.71 0.21 3.1 -0.6 Idx2020InsPre 14.73 0.52 4.6 2.8 LgCpVHIdx n 14.17 0.75 1.5 39.0 Biotech n 15.39 1.12 -5.5 -17.6
EqGro n 24.71 1.31 13.1 20.8 ContCore I3 30.19 1.66 19.8 39.3
MultiAstIncome 9.43 0.28 3.6 3.6 StraValDivIS 5.17 0.27 -8.2 32.6 Fidelity Advisor Fun: Idx2025InsPre 16.71 0.65 5.2 4.5 LmtTrmMuniIncm n 10.08 0.07 0.7 -2.6 DfAero n 15.91 0.89 3.1 37.2
EqInc n 8.46 0.32 -1.7 20.1 DivIncom 29.82 1.40 2.7 36.4
NatlMuni 9.75 0.14 0.6 -5.7 UltraShortI 9.10 0.02 4.4 4.2 Idx2030InsPre 17.77 0.73 5.9 7.3 LowP n 41.69 2.02 4.0 40.8 Energy n 59.51 1.38 6.1 251.9
Grwth n 45.90 2.73 29.2 26.9 Credit Suisse Common: EqGrClZ 18.17 1.04 22.1 27.5
ScTechOppA 44.98 3.19 31.6 -2.1 Federated Hermes R: Idx2035InsPre 20.09 0.92 7.4 12.6 LowPriStkK 41.63 2.02 4.1 41.1 Health n 25.84 1.00 -6.4 -2.5
Heritage n 19.14 0.86 4.7 -2.0 ComdtyRet 23.44 NA NA NA InterDiscZ 40.95 2.08 3.8 0.3
TotRet 9.53 0.20 -0.4 -13.9 Idx2040InsPre 20.62 1.05 8.8 16.7 LowPriStkK6 14.06 0.67 4.4 42.2 HlthCareSrvPt r n 128.64 1.83 -2.5 27.7
MdCapVal n 14.81 0.66 -2.9 30.9 KaufmnR 4.79 0.29 2.6 -19.1 IntlGrwZ 17.12 1.01 7.7 6.6
BlackRock Funds III: Idx2045InsPre 21.48 1.13 9.1 16.9 LtdTmBdFd n 10.94 0.07 3.3 -3.1 ITSvs n 57.00 3.59 8.5 -5.6
OneChMod n 13.15 NA NA NA D Federated Hermes R6: Fidelity Advisor I:
iShS&P500IdxK511.4728.40 15.0 35.4 Idx2050InsPre 21.51 1.12 9.1 16.9 Magin n 11.29 0.64 18.2 19.0
Select n 95.86 5.48 27.3 27.0 FedInstHYBondL 8.46 0.24 7.1 3.8 BalancI 25.11 1.05 12.2 20.0 MdTchDevis n 53.64 2.77 -12.9 -14.2
iShUSAggBdIdxK 8.64 0.16 -0.3 -13.9 Idx2055InsPre 17.70 0.93 9.1 16.9 MAMun n 10.85 0.18 -0.6 -6.4
Ultra n 70.49 3.98 27.8 22.1 Davis Funds A: StrValL 5.16 0.26 -8.4 32.4 ConsvIncmMuni I n 9.98 0.01 2.5 3.1 Retail n 18.19 1.06 14.8 9.6
BlackRock Funds Inst: Idx2020 Premier 14.72 0.52 4.6 2.8 Manager40 n 11.64 0.34 3.9 4.0
American Century R6: NYVen A 25.16 1.49 16.8 24.2 TtlRtnBdL 9.11 0.19 -0.6 -10.7 EqGrI 17.91 1.03 22.0 27.1 Semiconductors r n 21.97 1.06 50.7 86.3
Idx2025 Premier 16.70 0.65 5.2 4.6 Manager60 n 13.70 0.52 5.6 8.7
AmCentUltraFdR6 75.26 4.26 28.2 23.4 AdvLgCapCore 18.30 1.07 14.1 31.8 Davis Funds C & Y: Fidelity: FAEmgMktI 27.01 1.18 1.0 -7.2 Softwr n 25.45 1.39 29.5 25.3
Idx2030 Premier 17.77 0.74 5.9 7.4 MegaCpStk n 19.47 0.95 15.8 57.5
MdCapVal 14.83 0.67 -2.6 32.3 CAInsMun 11.40 0.19 -0.4 -1.4 FAInvGrdI 6.88 0.13 0.2 -12.6 Tech n 25.33 1.18 42.0 29.6
NYVenY 26.16 1.55 17.0 25.1 500IdxInstPrem n 151.41 8.41 15.0 35.5 Idx2035 Premier20.09 0.92 7.4 12.7 MidCap n 37.36 1.86 0.0 37.3
SmCpVal 9.13 0.59 0.9 46.0 EmgMkts 22.82 1.04 3.1 -8.2 FltRatel 9.19 0.03 9.6 19.7 Fidelity Series:
Del Invest Instl: BalancedK6 13.10 0.54 12.4 21.4 Idx2040 Premier 20.61 1.05 8.8 16.7 MidCapEnIdx n 15.74 0.96 2.5 26.5
American Century Y: EqtyDivd 18.45 0.97 4.3 39.3 GrOppI 125.62 8.02 28.4 5.0 Canada 13.94 0.88 6.2 47.5
Value 17.33 0.80 -4.6 28.6 Contrafund K6 21.36 1.10 27.0 25.4 Idx2045 Premier 21.48 1.13 9.1 17.0 MuniInc n 11.57 0.23 -0.1 -5.3
IntTF 10.33 0.16 -0.1 -3.6 FloRateIncPorIns 9.59 0.03 9.6 17.4 HthCarI 59.95 2.30 -6.5 -2.8 IntMuni Z 9.73 0.12 0.2 -3.2
Deutsche DWS: EmgMktIdxInstPre n 9.65 0.43 2.3 -8.7 Idx2050 Premier 21.51 1.13 9.1 17.0 NASDAQ n 171.60 10.65 30.1 24.3
American Funds Cl A: GlblAlloc 17.02 0.45 2.8 2.9 IntlGr 17.07 1.00 7.5 6.2 FidelityAdviAsset:
CoreEq n 29.42 1.61 14.0 36.4 ExtMktIdxInstPre n 67.79 4.63 7.7 8.7 Idx 2055 Premier 17.70 0.93 9.2 17.0 NewInsights Z 33.04 1.69 25.5 24.9
HiEqInc 26.30 1.35 2.6 42.1 MuniIncI 9.73 0.13 0.2 -3.5 ADVAssetMan60 13.70 0.52 5.6 9.0
2020TarRetA 12.51 0.41 2.8 7.4 Diamond Hill Funds: FidAdAsset 12.68 0.22 2.1 -0.4 Income n 10.03 0.20 2.5 -2.2 NewMill n 45.13 2.37 14.1 62.2
HlthScOp 66.68 2.08 -2.9 12.2 NwInsghtI 32.88 1.68 25.3 24.5 Fidelity Invest: First Eagle Funds:
2025TarRetA 13.98 0.49 3.9 8.4 FidAdEm 33.45 1.53 6.6 NS NewMkt n 11.65 0.27 5.8 -5.8
MdCpGrEq 32.92 1.80 9.6 -8.3 LgCapI 29.50 1.48 1.6 24.2 REIncmInst 10.89 0.40 1.7 11.8
2030TarRetA 15.31 0.60 5.4 10.9 FidSAI 8.47 0.19 4.5 NS AggrInt n 23.61 1.39 13.1 4.2 OTC n 16.63 1.03 29.6 26.1 GlbA 61.78 2.36 6.6 22.9
MultiAstIncome 9.44 0.28 3.8 4.4 LgCapY 29.55 1.49 1.7 24.6 StrInI 10.86 0.21 3.3 0.1
2035TarRetA 16.53 0.71 6.9 14.5 FidSAIEmerg 11.71 0.44 7.9 9.0 AilSectEq 10.29 0.56 18.8 41.1 OTC K 17.01 1.04 29.7 26.3 OverseasA 23.55 0.92 4.9 10.6
NatlMuni 9.74 0.14 0.8 -5.0 LongShortI 26.35 0.88 5.6 28.0 Total Bd 9.08 0.18 0.9 -10.4
2040TarRetA 17.25 0.81 8.4 16.7 FidSer5 7.52 0.18 -2.2 NS AMgr20% n 12.69 0.23 2.2 -0.4 Ovrse n 54.34 3.04 7.5 9.7 FPA Funds:
ScTechOppInst 49.56 3.52 31.9 -1.4 Dimensional Fds: Fidelity Advisor M:
2045TarRetA 17.63 0.85 8.8 16.8 FidSer0-5 9.57 0.05 3.1 NS AMgr50% n 18.25 0.61 4.6 6.2 PuritanK 21.72 0.95 11.0 18.0 FPANwInc n 9.55 0.02 4.4 2.4
StratIncOpptyIns 9.09 0.11 2.7 1.5 2TGlFxd 9.77 0.01 4.0 0.9 Balanced 24.86 1.04 11.7 18.1
2050TarRetA 17.30 0.85 9.2 16.6 FIDSerEmgMkt 8.06 0.35 4.1 -11.7 AMgr70% n 24.02 0.99 6.7 12.4 Puritn n 21.74 0.94 11.0 17.7 FPA Funds Trust:
StratMuniOppI 9.90 0.18 -1.8 -4.5 5GlbFxdInc 10.13 0.01 4.1 -3.8 EqGr 14.89 0.85 21.5 25.2
AmcpA 34.84 2.07 16.1 14.4 FidSerInt 8.44 0.09 2.3 NS AMgr85% n 22.36 1.05 8.2 16.6 RealE n 34.53 2.81 -2.3 11.1 FPACres Inst n 37.15 1.59 12.6 36.1
TotRet 9.52 0.19 -0.2 -13.2 DFARlEst 35.11 2.79 -2.9 10.7 GrOppM 111.30 7.09 27.9 3.4
AMutlA 48.41 2.17 1.3 31.0 FidSerToMarket 14.36 0.83 14.0 31.0 AstMgr30R n 10.84 0.25 3.0 1.3 RealEstInc n 10.94 0.41 1.7 11.8 FPACresentFnd 37.16 1.58 12.7 36.3
BNY Mellon Funds: EmgMkt 25.90 1.03 4.9 4.0 NwInsghtM 29.31 1.50 24.8 22.6
BondA n 10.93 0.22 -1.0 -13.0 FIDSerTresIndxFd 9.94 0.00 4.2 5.6 Balanc n 25.12 1.04 12.2 20.2 SAIIntlMinVolInd 10.42 0.44 6.0 10.8 Franklin A1:
BalA 30.00 1.17 5.4 15.3 Aprec n 39.69 2.01 12.5 30.7 EmgMktSoCoEq 13.12 0.52 6.2 5.6 FIDZroExtMktIx n 10.81 0.71 2.8 22.1 Fidelity Advisor Z: BalancedK 25.13 1.05 12.3 20.5 SAILTTreBdIdx 6.69 0.27 -9.5 -40.7
CapIBA 62.23 2.51 0.9 18.6 Dr500In n 49.98 2.77 14.6 33.6 EmgMktVa 27.70 0.89 7.6 26.9 FIDZroLgCpIx n 15.52 0.87 15.8 33.2 SAISm-MidCap500I 5.41 0.32 3.2 22.6 CA TF A1 6.47 0.14 -0.9 -7.0
AdvIntlSmCpZ 28.87 1.52 7.4 21.3 BluCh n 154.82 9.50 38.6 22.9
CapWA n 15.57 0.34 -1.6 -19.9 Dreyf n 15.71 0.84 20.4 39.7 EmMktCorEq 21.06 0.79 6.9 11.0 Flex 500 Index 18.61 1.04 15.1 35.6 SAIUSMinVolIndFd 17.89 0.82 8.1 27.8 Fed TF A1 10.15 0.22 -0.6 -7.3
AssetManager50% 18.19 0.61 4.7 6.4 BluChpGr K6 23.98 1.45 38.8 24.6
CapWGrA 55.91 2.73 9.9 19.0 DreyMid r Inv n 27.36 1.68 3.0 29.0 EmMktSmCp 21.38 0.74 7.5 22.7 FlexIntIdx 11.88 0.61 5.9 11.1 SAIUSQtyIdx 17.85 0.89 17.7 34.8 HiInc A1 1.64 0.04 7.4 7.2
AssetMngr85 22.24 1.05 8.3 16.9 BluChpGrK 155.64 9.55 38.7 23.3
EupacA 51.86 2.66 6.1 -0.9 GlFxIncI 19.11 0.33 1.9 -7.2 Fixd 10.21 -0.02 4.2 2.8 FlexUSBdIdx 8.71 0.16 -0.5 -14.1 SmCapDisc n 24.03 1.94 6.0 40.7 HY TF A1 8.19 0.15 -1.6 -7.8
AsstMngr70 23.99 0.98 6.7 12.6 CAMun n 11.55 0.20 -0.3 -5.7
FdInvA 67.02 3.55 13.2 31.0 InstS&PStkIdx I 60.10 3.13 14.8 34.7 GblAll60 40Inst 19.59 0.68 6.9 16.6 Freedom2060K 11.97 0.61 9.5 19.7 EmMkt Z 26.96 1.17 1.1 -6.8 SmlCapO n 12.17 0.75 4.8 27.4 IncomeA1 2.17 0.05 0.7 23.2
CapAp n 36.77 2.07 15.3 25.8
GBalA 33.55 1.28 4.6 7.8 IntlStkI 21.99 1.37 7.2 4.2 GlEqInst 28.31 1.53 9.0 31.7 GlexUSIdxInstPre n 13.30 0.68 6.0 11.2 FloatRateHighInc 9.19 0.03 9.7 20.1 CapDevO n 19.52 0.96 13.0 53.5 SmlCpGrth n 24.16 1.28 2.1 0.6 NY TF A1 9.36 0.17 -0.8 -8.4
GovtA n 11.68 0.25 -2.0 -13.0 IntlStkY 21.72 1.35 7.3 4.3 GlRESec 9.32 0.73 -4.0 5.6 GrowthCompanyK6 19.99 1.34 29.9 23.7 GovtIncome 8.84 0.16 -1.3 -15.3 CnvSc n 30.65 0.64 4.3 15.5 SmlCpGrth K6 12.91 0.70 2.5 1.3 US Gov A1 4.88 0.12 -1.4 -13.4
GwthA 60.28 3.68 21.8 16.7 SmMidCpGrI 22.35 1.19 -1.8 -24.7 InfProtSec 10.59 0.16 0.5 -4.7 InflPrBdIndInsPr n 9.05 0.13 0.4 -4.4 GrOpp 127.38 8.13 28.5 5.3 Contra n 15.32 0.79 28.5 25.6 SmlCpGrth Z 24.42 1.30 2.2 0.9 Utils A1 19.48 0.95 -8.1 8.9
HI TrA n 9.05 0.20 5.6 10.1 StrgVal I 40.79 1.80 5.5 67.0 IntGvFxdInc 10.61 0.17 -0.3 -15.9 IntlIdxInstPrem n 44.36 2.32 7.7 19.3 InvestGradeBd 6.88 0.13 0.3 -12.4 ContraK 15.38 0.79 28.6 25.9 SmlCpVal n 17.68 1.35 3.9 53.3 Franklin Templeton:
HiInMuniA n 13.98 0.26 0.2 -3.6 BNY Mellon Funds Tru: IntlCoreEq 14.12 0.76 7.0 23.1 IntlIndex n 10.44 0.54 6.4 12.1 NewMktsIncFdZ 11.65 0.27 5.8 -5.6 CpInc n 9.23 0.21 6.8 16.5 Srs1000ValIndRet 14.01 0.75 1.8 33.7 TgtModA 13.25 NA NA NA
ICAA 47.22 2.57 15.6 35.9 MCMultiStrM 16.55 0.94 4.4 17.1 IntlREst 3.49 0.26 -5.9 -3.3 IntrTresBdIxPrem n 9.33 0.16 -0.8 -15.8 RE Income 10.88 0.40 1.9 12.1 DisEq n 55.11 2.98 20.6 22.8 SrsBlChGroRetail n 13.90 0.86 39.7 27.2 FrankTemp/Frank Adv:
48 BARRON’S November 6, 2023
GMO Trust Class VI: Sm&MdCapStrategi n 13.60 NA NA NA Ret2045 n 19.00 0.95 10.0 18.0 TxMBal nr 38.36 1.33 7.0 13.2
Jensen I : MainStay Fds A: Gro&Inc n 23.18 1.31 21.8 33.8 TotBdInst2 9.09 0.16 -0.4 -13.9
Quality 27.58 1.35 19.8 46.6 Optimum Funds Inst: Ret2055 n 16.79 0.86 10.2 18.2 TxMCapAdml n 225.00 12.73 14.9 33.3
HiYldBdA 5.00 0.08 6.7 7.5 TIAA/CREF Funds: TotBdInstPl 9.20 0.16 -0.4 -13.9
Goldman Sachs Inst: Jensen I 58.90 3.17 8.6 31.1 Fixed Inc 7.95 0.17 -0.6 -14.3 RetBal Inc n 12.26 NA NA NA TxMIn nr 14.16 0.80 6.8 17.7
TxFrBdA 8.94 0.16 -0.7 -6.5 BdIdxInst 9.18 0.17 -0.3 -14.2 TotIntBdIdxInst28.94 0.25 3.4 -11.4
JensenQualGrJ n: LgCpGrwth 20.19 1.15 27.1 9.2 SciTec n 36.38 2.48 39.2 10.7 TxMSC nr 76.73 5.35 0.7 30.5
EmgMktEq 20.26 NA NA NA EqIdxInst 30.92 1.77 13.9 31.3 TotStInst 104.87 6.00 13.9 30.9
JensenQualGrJ n 58.97 3.17 8.4 30.3 Mairs&Power: Sht-Bd n 4.48 NA NA NA USGroAdml n 130.44 9.62 28.7 1.8
HYMuni 8.49 0.20 -0.5 -5.2 LgCpVal 18.84 0.90 1.0 34.1 Gr&IncInst 14.87 0.83 22.1 34.8 TtlWrldIxInst p 192.32 10.49 10.8 22.9
JHF III DispVal: MairsPwrGr n 135.01 7.78 14.9 31.0 Osterweis Strat Income: SmCap n 47.73 3.13 -0.4 20.2 UtilIxAd nr 67.06 3.50 -10.6 4.7
Muni 14.51 0.24 0.6 -2.5 HgYldInst 8.28 0.22 6.6 5.4 TxMCaInst r 111.79 6.33 14.9 33.4
DispVal 22.76 1.12 4.3 47.4 Mass Mutual: SmCapStk n 52.50 3.17 2.3 6.4 ValAdml n 54.06 2.64 0.6 40.4
Guggenheim Funds Tru: OsterweisStrInc n 10.63 0.15 7.4 10.6 IntlEqIdxInst 20.56 1.08 7.6 19.0 ValueInst 54.05 2.63 0.6 40.4
DispVal I 21.82 1.08 4.5 48.5 SelBluChipGroClI 22.14 1.39 36.2 15.6 SpecGr n 22.24 1.16 10.2 22.4 WdsrllAdml n 72.10 3.83 9.9 41.2
MacOppFdClInstl 23.62 0.25 5.2 3.5 IntlEqIdxRet 21.05 1.11 7.5 18.2 Victory Funds:
DispValMCI 25.52 1.44 4.5 41.7 MassMutual Select: PQ SpecInc n 10.67 NA NA NA WellsIAdml n 57.60 1.71 -0.3 3.9
TotRtnBdFdClInst 22.55 0.42 0.9 -12.2 SuMuInt n 10.91 0.13 0.1 -4.3 IntlEqInst 12.38 0.58 8.3 15.8 EstValA 44.25 2.25 -0.3 45.2
DispValMdCp 24.23 1.36 4.3 40.6 MCGrEqIII 18.08 NA NA NA WelltnAdml n 69.28 2.62 6.2 16.5
GuideStone Funds: TF Incom n 10.07 NA NA NA LC2040Inst 9.59 0.44 8.9 16.1 EstValI 44.30 2.25 -0.1 46.6
DispValMdCpR6 25.53 1.44 4.6 42.1 Metropolitan West: Parnassus Fds: WndsrAdml n 70.71 3.84 4.4 52.9
EqindxGS2 45.41 NA NA NA TotIndex n 46.83 2.69 14.1 30.4 LCIdx2020Inst 17.88 0.61 5.4 5.6 SmCoOppI 46.14 2.89 -0.5 37.7
DispValR6 21.89 1.09 4.6 49.0 ParnEqFd n 53.27 2.98 14.0 30.9 VANGUARD FDS:
MedDurGS2 12.08 NA NA NA LowDurBdI 8.14 0.07 2.8 -1.6 U.S.EqResch n 42.76 2.35 17.9 38.0 LCIdx2025Inst 19.64 0.72 6.0 7.8 Victory Port:
JHITFunLgCpCorFd: TotRetBd n 8.67 0.19 -1.0 -15.7 Pear Tree: CAIT n 10.89 0.15 -0.1 -4.5
USLrgCpCore n 33.02 1.64 13.0 34.2 LCIdx2035Inst 23.19 1.01 7.9 13.1 Market Neutral I 8.67 0.00 8.1 10.9
H FunLgCpCorA 58.97 3.85 17.0 30.3 TotRetBdI 8.67 0.20 -0.7 -15.1 ForeignVal I r 21.13 0.95 8.1 22.6 CapOp nr 72.07 3.32 13.8 32.0
Value n 39.65 1.88 2.9 33.2 LCIdx2040Inst 24.71 1.18 9.0 16.5 SSfnd 46.07 2.89 -0.5 37.9
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
John Hancock: Perm Port Funds: DivdGro n 35.06 1.64 0.3 30.2
TRBdPlan 8.13 0.18 -0.7 -15.0 Price Funds - Adv Cl: LCIdx2045Inst 25.68 1.28 9.6 19.4 VsycamoreFnd 44.33 2.26 0.0 46.8
Harbor Funds: DivrEq n 41.22 2.51 14.3 25.0
500Index1 45.45 2.52 14.7 34.3 UnconstrBdI 10.01 0.10 3.2 -2.2 Permanent n 49.38 1.12 6.4 20.4 Growth p 79.41 4.53 33.3 7.2 LrgCpGrIdxInst 47.61 2.80 28.5 30.7 Victory Portfolios I:
CapApInst 86.13 5.83 37.2 14.1 Energy nr 48.94 1.06 7.4 95.7
BondI 12.84 0.27 -0.1 -12.6 MFS Funds: PGIM Funds Cl A: R2030A p 23.14 0.93 7.2 11.3 LrgCpGrInst 21.10 1.26 31.1 17.0 500Indx Reward n 55.93 3.14 15.6 33.8
IntlInst 41.72 2.06 6.0 17.5 EqInc n 39.37 1.89 -0.6 39.0
BondR6 12.86 0.27 0.0 -12.3 IIE 30.54 1.60 8.5 22.8 HighYield 4.54 0.11 5.5 4.0 R2040A p 26.35 1.27 9.2 15.4 LrgCpVl IdxInst 22.12 1.18 1.8 33.5 CrnstModAggr n 24.54 0.98 4.5 9.4
SmCpValInst 36.93 2.41 3.0 26.8 Explr n 96.99 5.75 3.8 10.9
IntlGrwI 23.29 1.12 3.8 -6.7 MFS Funds Class A: JennGrowth 49.10 3.33 36.4 13.2 Price Funds - R Cl: LrgCpVl IdxRet 22.54 1.21 1.6 32.5 Gr&Inc n 21.26 1.21 15.6 28.6
Harding Loevner: FTAlWldInAdml n 32.47 1.64 5.9 11.9
John Hancock Class 1: JennUtility 13.52 0.63 -7.2 7.6 LrgCpVl Inst 19.86 1.02 4.3 41.0 Grwth n 30.75 1.99 33.8 18.0
AgGrAIA 26.36 1.36 6.3 17.1 R2030R p 22.79 0.92 6.9 10.5 GlbCapCyl Inv nr 11.92 0.40 3.7 54.9
IntlEq 24.16 1.10 3.2 3.7 BlueChipGrw 44.62 2.65 35.7 7.3 CoEqyA 42.38 2.45 11.6 29.4 TotalReturnBond p 11.43 0.21 0.7 -13.4 QuantSmCpEqInst 15.66 1.03 3.4 34.9 Inco n 10.87 0.19 0.7 -10.2
PRIMECAP Odyssey Fds: GlbEq n 29.39 1.90 9.9 10.9
Hartford Funds A: LSAggr 12.61 0.67 6.8 16.4 GrowthA 152.01 9.07 24.5 15.7 PGIM Funds Cl Z: RealSecInst 15.59 1.25 -1.5 4.8 IncStk n 17.47 0.90 2.4 34.5
AggGrowth r nr 40.10 2.18 10.6 8.4 GloMinVolFdAdm n 27.84 0.95 3.5 18.0
BalIncA 13.40 0.46 -0.1 6.5 LSBalncd 11.93 0.48 4.8 8.0 IntlVA 38.44 1.82 8.1 1.2 HighYield 4.55 0.11 5.8 4.8 S&P500IdxInst 48.15 2.67 15.0 35.4 IntmTerm n 12.03 0.17 0.1 -4.0
Growth r nr 37.15 1.83 10.3 29.7 GNMA n 8.83 0.20 -1.2 -12.5
CapAppA 35.50 1.91 7.7 15.9 LSGwth 12.48 0.60 6.0 12.8 MCapA 23.86 1.42 8.0 -0.5 JennGrowth 55.71 3.78 36.7 14.2 S&P500IdxRet 47.72 2.65 14.8 34.4 GroInc n 54.65 2.92 14.1 36.5 LgTerm n 11.26 0.29 -1.4 -8.0
Stock r nr 34.82 1.71 9.1 39.9 SmCpBl IdxInst 20.31 1.43 1.3 13.7
DiscpEqA 42.99 2.20 11.1 24.0 LSModer 11.21 0.37 3.9 3.8 MCapValA 27.57 1.47 1.1 35.9 TotalReturnBond 11.39 0.21 1.0 -12.7 HlthCare nr 200.13 6.87 -2.9 16.7 Nasdaq100 n 38.71 2.35 38.4 35.2
Principal Investors: SocChEqInst 24.53 1.44 10.2 29.1
DivGth A 30.39 1.48 4.6 40.0 John Hancock Funds A: MIGA 37.35 2.13 13.1 28.5 PIMCO Fds Instl: HYCor nr 5.19 0.14 5.9 3.4 ntTerBd n 8.77 0.14 1.2 -8.4
HiYld IN 7.92 0.20 7.3 5.1 Tortoise Capital: S&PIdx n 55.89 3.14 15.5 33.4
EqInc 19.73 0.94 -0.7 37.1 BalA 24.32 1.00 9.3 13.3 MITA 34.67 2.00 9.4 29.3 AllAsset 10.52 0.26 2.1 16.0 InflaPro n 11.56 0.16 0.2 -4.9
InfPro IN 7.69 0.12 0.3 -5.1 TarRet2040 n 11.56 0.52 7.9 17.3
GrOppty 37.36 2.29 25.0 -4.1 BondA p 12.84 0.27 -0.4 -13.4 MuHiA 6.81 0.14 -1.8 -7.4 AllAssetAuth r 6.20 0.14 -0.6 8.2 TorMLPPipInsCl 14.24 0.65 12.2 127.6 IntlExplr n 15.47 1.03 2.1 -3.7
LgIndxI 22.12 1.22 14.8 34.8 VicAggFnd n 47.33 3.17 33.5 13.5
MidCap A 22.53 1.12 -0.4 -1.5 LifeBal 12.05 0.48 4.5 6.8 MuInA 7.66 0.16 -1.1 -6.6 CommodtyRR 13.52 NA NA NA Touchstone Funds Gro: IntlGr n 29.35 1.85 3.2 -15.8
LT2020 In 11.76 0.40 4.6 5.4 SustWld n 24.56 1.29 13.8 22.1
Hartford Funds C: LifeGrw 12.53 0.60 5.6 11.5 ResBdA 9.05 0.18 0.6 -12.5 DivInc 9.04 0.20 3.6 -6.8 MdCpY 46.51 2.92 12.7 21.4 IntlVal n 38.12 1.83 6.7 23.2
LT2030In 12.91 0.55 5.7 9.3 CorePlus INSTL 8.77 0.14 1.3 -8.2
Bal IncC 13.16 0.45 -0.7 4.2 John Hancock Instl: RschA 51.97 2.92 11.6 27.5 HiYld 7.63 0.22 6.6 3.3 Touchstone Strategic: ITIGrade n 8.14 0.16 1.1 -12.3
LT2040I 14.48 0.72 7.8 13.9 Income Fund INST 10.86 0.19 0.7 -10.1
Hartford Funds I: StratIncmOppI 9.54 0.18 1.9 -4.0 TotRA 18.43 0.70 1.9 13.3 HiYldMuniBd 7.91 0.15 0.8 -3.4 LT2050I 15.09 0.83 9.1 17.3 LagCapFoc A p 55.06 2.78 15.4 34.4 LifeCon n 19.63 0.62 4.6 0.2
LifeGro n 38.72 1.82 8.5 14.9 IntlFd INSTL 24.05 1.20 7.1 18.7
BalIncI 13.41 0.47 0.2 7.3 JPMorgan A Class: UtilA 20.54 1.15 -7.8 12.3 IntlBdUSH 9.44 0.10 4.2 -6.4 MidCpBldA 33.53 2.37 11.7 20.8 Transamerica A:
LifeInc n 14.42 0.34 2.6 -6.7 Short-Term INSTL 8.75 0.04 3.6 3.1
DivGthI 30.19 1.47 4.8 41.1 CoreBond 9.80 0.16 -0.3 -12.8 ValueA 46.76 2.24 -0.4 29.2 InvGrdCrBd 8.44 0.19 1.1 -12.8 PreSecI 8.46 0.16 1.0 -3.6 AsAlModGr p 11.41 0.50 6.2 9.7
LifeMod n 28.95 1.13 6.6 7.4 Virtus Equity Trust:
EmrgMktEqInv 14.95 0.66 2.7 -11.2 CorePlusBd p 6.89 0.13 -0.2 -12.2 MFS Funds Class I: LgTrmCrdtBd 8.15 0.30 -2.6 -24.5 PtrLGI In 16.42 0.94 25.1 11.7 Trust for Professional Ma:
LngDurTotRtrn 6.60 0.25 -4.6 -29.4 LTIGrade n 7.24 0.26 -3.4 -26.9 SmCapSusI 30.59 0.57 5.2 -15.6
EqIncI 19.57 0.93 -0.4 38.1 EqInc p 21.16 0.99 -2.9 31.7 GrowthI 165.03 9.85 24.8 16.5 PtrLV In 17.15 0.86 1.4 35.7 PrfTrtStrtBd Ins 18.73 0.35 1.3 -8.1
LowDur 9.08 0.04 3.2 -2.3 MATxEx n 9.56 0.20 -0.7 -7.5 VirtusFunds:
InterValue 16.83 0.78 11.3 53.5 GwthAdv p 27.64 1.63 25.3 22.4 MCapI 25.74 1.54 8.2 0.2 RealEstSecI 24.64 1.82 -0.1 11.5 Tweedy Browne Fds:
IntlAlphaInv 15.31 0.80 6.2 11.7 Inv Bal p 14.25 0.51 5.4 8.6 MCapValI 28.46 1.53 1.4 36.9 LowDurInc r 7.75 0.08 4.3 5.2 SAMBalA p 14.28 0.62 6.5 9.7 MidCpGro pn 20.37 1.32 8.2 -3.6 CeredexMdCpVlEqI 10.69 0.53 -0.7 24.3
InvCon p 11.51 0.29 3.1 1.0 ModDur 8.97 0.11 2.0 -7.2 GblValue n 27.03 1.01 6.1 30.1 MuHY n 9.93 0.22 -0.1 -5.5 VirtusFunds Cl I:
WorldBond 9.75 0.09 -0.1 -4.5 MIGI 38.95 2.22 13.3 29.5 SAMGrA p 16.52 0.83 8.7 16.0
Hartford HLS Fds IA: InvG&I p 16.91 0.72 6.9 14.6 ResBdI 9.05 0.18 0.8 -12.1 MortgOppBd 9.17 0.13 2.8 -0.6 Putnam Funds Class A: MuInt n 13.05 0.18 0.0 -4.2 MulSStI 4.39 0.03 4.5 1.2
U OHLTte n 10.89 0.23 -1.6 -8.5
Balanced 26.91 1.11 5.5 18.7 InvGrwt p 21.30 1.07 8.6 21.8 RschI 53.79 3.02 11.9 28.4 RealRtnI 9.74 0.15 0.4 -4.3 DynAAGthA 17.29 0.82 10.6 19.3 Vivaldi Merger:
LgCpGwth p 52.96 3.45 21.5 20.7 ShortT 9.57 -0.01 5.1 5.2 Primcp nr 147.13 7.51 16.5 38.0 Arbitrage Fund 10.98 0.01 2.5 15.8
CapApp 42.33 2.29 9.3 21.0 ValueI 47.08 2.26 -0.1 30.2 PutLargCap p 29.79 1.55 6.6 48.8 UM Funds:
USEquity 19.55 1.10 15.6 33.9 ShtAssetInv 9.90 0.00 4.7 5.4 PrmcpCor n 30.36 1.49 11.7 39.4 Voya Fds:
DiscEqui 17.43 0.88 11.2 25.4 Morgan Stanley Inst: GlbHlthCare p 55.95 2.21 -0.1 24.5 BehavVal 76.41 6.07 1.0 67.2
JPMorgan I Class: StksPLS 10.61 0.60 14.8 29.8 SelValu nr 27.52 1.84 10.2 55.2
Div&Grwth 21.11 1.02 4.9 41.9 CapGrI 31.26 3.02 22.3 -41.9 GrOpp p p 49.36 2.99 29.9 22.8 STAR n 25.61 1.15 6.8 6.9 InmdBdI 8.25 NA NA NA
TotRetBd 8.98 0.22 0.4 -13.0 CoreBond 9.79 0.16 -0.1 -12.2 CapGrP p 28.01 2.71 22.0 -42.3 TotRetESG 7.27 0.15 -0.4 -15.6 StDurInc 10.04 NA NA NA V
TotRt 8.20 0.18 0.2 -13.5 STIGrade n 9.98 0.07 2.9 -2.7 WXYZ
CorePlusBd 6.89 0.14 0.1 -11.5 GloFranI t 32.35 1.59 7.5 16.9 SustainLdrsFd p 100.90 6.13 14.1 19.9
TrndsMgdFutStrgy 10.70 NA NA NA StratgcEq n 31.80 2.03 4.0 39.3
I EmMktEq I 28.02 1.28 0.3 -23.1 MorganStanleyPathway: Putnam Funds Class Y: VALIC:
PIMCO Funds A: StrSmCpEqInv n 32.88 2.34 4.0 44.6 Wasatch:
EqInc 21.60 1.02 -2.6 32.7 CoreFxIcm n 6.55 0.14 -0.8 -15.3 GrOpp Y 52.90 3.21 30.2 23.8 IntlEq 7.31 0.39 6.9 17.5
IFP US Equity Fund: TgtRe2020 n 26.67 0.81 5.2 4.9
GrAdv r 29.29 1.73 25.5 23.3 IncomeFd 10.21 0.18 3.7 1.0 PutLargCap 29.80 1.55 6.8 49.9 MidCpIdx 23.00 1.41 3.0 29.6 CoreGr n 71.46 3.99 10.5 9.9
LgCapEq n 21.11 1.13 12.9 25.8 TgtRe2025 n 17.71 0.64 6.2 7.1
IFP US EquityFd 18.21 0.83 10.2 32.7 LgCapVal 17.74 0.96 0.5 51.3 LowDurInc 7.75 0.08 3.9 3.9 StDurInc 10.05 NA NA NA SciTech 21.49 1.50 35.8 9.6 WCM Focus Funds:
Munder Funds: TgtRe2030 n 33.55 1.35 6.9 9.6
Invesco Fds Investor: LgCpGwth 54.47 3.55 21.8 21.6 RealRtnA 9.74 0.15 0.1 -5.4 StckIdx 46.63 2.58 14.6 34.3 WCMFocIntlGrwIns20.64 1.25 5.0 -0.6
MndrIntlSmCpInv r 13.43 0.79 4.9 3.2 TgtRe2035 n 20.84 0.90 7.7 12.5
DivrsDiv n 17.16 0.82 -0.5 28.2 MdCpGrw 40.79 2.14 7.7 1.4 TotRetA 8.20 0.18 -0.1 -14.4 RS ValUltra 11.83 0.72 32.2 13.8 TgtRe2040 n 36.87 1.69 8.4 15.4 Western Asset:
MdCpVal 33.73 2.07 0.1 34.1 Mutual Series: PIMCO Funds C:
Invesco Funds A: VANGUARD ADMIRAL: TgtRe2045 n 24.92 1.22 9.2 18.4 CoreBondI 10.03 NA NA NA
MtgBckd 9.66 0.18 0.0 -10.1 BeacnZ 15.04 0.71 5.7 32.5 IncomeFd 10.21 0.18 3.0 -1.2 Royce Funds: CoreBondIS 10.05 NA NA NA
500InxA 46.33 2.57 14.5 33.4 400MCpIdxInst334.34 20.57 3.3 30.7 TgtRe2050 n 41.43 2.10 9.6 19.0
ShtDurBnd 10.53 0.05 3.1 -0.3 GlbDiscA 29.06 1.37 10.1 47.2 PIMCO Funds I2: PAMut I nr 8.39 0.46 10.2 31.8 CorePlusBdA 8.79 NA NA NA
ActiveAllA 12.38 0.53 4.1 8.2 500Adml n 402.50 22.36 15.0 35.4 TgtRe2060 n 42.56 2.15 9.6 19.0
SmCap 49.02 2.69 -2.4 10.3 GlbDiscz 29.95 1.42 10.4 48.4 Russell Funds S: CorePlusBdI 8.80 NA NA NA
CapApprA p 58.22 3.62 22.7 17.4 ComPLUSStrtgyFd 6.94 NA NA NA BalAdml n 42.04 1.77 8.1 11.3 TgtRet2055 n 46.21 2.33 9.6 19.0
USEquity 19.63 1.10 15.8 34.9 QuestZ 13.16 0.54 1.6 19.0 StratBd 8.91 0.14 -1.5 -15.0 CorePlusBdIS 8.79 NA NA NA
Chart 16.62 0.92 13.3 25.5 Income 10.21 0.18 4.0 2.0 CAITAdml n 10.89 0.15 0.0 -4.3 TgtRetInc n 12.54 0.32 4.1 0.4
ValAdv 34.76 2.08 0.1 42.2 SharesZ 23.16 1.04 3.3 32.5 TaxExBd 21.12 0.23 0.6 -2.8 ManagedMuniA 14.23 0.29 0.0 -4.1
CmstA 26.92 1.38 3.1 63.1 IntlBdUSH 9.44 0.10 4.1 -6.7 CALTAdml n 10.76 0.21 -0.5 -6.6 USGro n 50.32 3.71 28.6 1.5
JPMorgan Inst Class: N TxMngUSLgCp 64.78 3.56 14.0 28.1 SMAShCrPlCp n 5.82 0.21 -2.2 -24.9
DevMktA 37.14 1.17 4.4 -16.0 InvstGrCrBd 8.44 0.19 1.0 -13.1 CapOpAdml nr 166.38 7.66 13.9 32.2 WellsI n 23.78 0.71 -0.3 3.7
DiscFdA p 73.43 3.62 2.6 -6.0 ValAdv L 34.82 2.08 0.2 42.8 LowDurInc 7.75 0.08 4.2 4.8 Rydex Investor Class: DivAppIdxAdm n 42.80 2.05 5.4 28.0 Welltn n 40.12 1.52 6.2 16.2 SmashSerM n 7.32 NA NA NA
Natixis Funds:
DisMdCpGrA 20.99 1.17 0.8 -5.2 JPMorgan L Class: ShtTm 9.57 -0.01 5.0 4.9 NasdaqInv n 63.56 3.87 37.6 31.9 EMAdmr n 32.71 1.15 2.3 -3.9 Wndsr n 20.97 1.14 4.3 52.4 Wm Blair Funds Cl I:
InvGradeBdY 9.38 0.17 0.8 -7.3
DivIncm p 23.61 1.16 -1.3 27.3 Fl EmMktEq L 28.25 1.29 0.4 -22.9 TotRt 8.20 0.18 0.1 -13.8 EnergyAd nr 61.03 1.49 3.2245.2 WndsrII n 40.64 2.16 9.8 40.9 SmMidI r 26.34 1.28 1.7 -0.4
November 6, 2023 BARRON’S 49
183,543
3,757,703
NY Off - Comp. 1,249,592 1,304,477 1,754,812 497,312 777,324
10:30 32664.49 32892.82 33193.43 33606.93 33984.80
NYSE Amer UP 4,111 6,397 3,088 6,368 5,536
Industrials 11:00
11:30
32696.37
32717.52
32942.17
32899.21
33237.05
33188.28
33681.43
33636.03
34009.43
34018.88
NYSE Amer Off
NASD Up
3,351 5,152 5,050 1,930
2,563,440 2,809,047 2,767,469 3,948,597
7,539
3,779,993
36200 12:00 32774.71 32950.38 33174.90 33644.29 34085.41 NASD Off 1,538,684 1,440,744 1,711,097 993,212 1,124,216
12:30 32751.86 32918.24 33103.95 33648.75 34105.55 NYSE Arca UP 221,343 189,937 282,817 313,037 340,025
Week's
Components Change 1:00 32766.29 32959.36 33078.78 33672.24 34142.97 NYSE Arca Off 120,966 144,708 119,557 64,184 71,595
1:30 32916.00 32978.39 33093.55 33731.12 34086.91 % (QCHA) +.55 +.59 +.52 +2.72 +2.05
3M 6.34 2:00 32930.08 33026.96 33127.41 33785.69 34121.71 % (QACH) –.23 –.65 –.48 +1.78 +1.22
American Express 11.45 35600 2:30 32923.22 32975.16 33162.44 33771.64 34123.55 % (QCHAQ) +.59 +.77 +.32 +2.36 +2.71
Amgen 8.29 3:00 32956.86 33048.45 33208.61 33782.63 34148.36 Market Advance/Decline Totals
Apple 8.43 3:30 32979.34 33049.64 33284.70 33785.64 34096.12 NYSE NYSE
Boeing 15.36 Close 32928.96 33052.87 33274.58 33839.08 34061.32 Weekly Comp. NYSE Amer Nasdaq Arca
Caterpillar 2.19 35000 High (t) 33093.63 33183.50 33442.42 33906.24 34310.98 Total Issues 3,050 342 4,866 2,078
Chevron 3.26 Low (t) 32478.81 32646.81 32860.22 33322.63 33762.59 Advances 2,665 216 3,634 1,796
Cisco Systems 1.45 Declines 347 116 1,095 189
High (a) 33002.97 33070.28 33337.15 33852.96 34163.63
Coca-Cola 1.50 Unchanged 38 10 137 93
Low (a) 32537.54 32787.12 33010.85 33450.03 33946.60 New Highs 122 8 122 83
Disney 5.74 Change +511.37 +123.91 +221.71 +564.50 +222.24
Dow 1.62 34400 New Lows 424 67 858 180
Goldman Sachs 37.71 Week ended last Friday compared to previous Friday
Theoretical (t): High 34310.98 Low 32478.81
Home Depot 19.15 Actual (a): High 34163.63 Low 32537.54 NYSE Composite Daily Breadth
Honeywell International 11.99 Daily Oct 30 31 Nov 1 2 3
IBM 5.38 33800 Issues Traded 2,988 2,976 2,977 2,955 2,949
Intel 2.60 Dow Jones 20 Transport (divisor: 0.16343894576034) Advances 1,999 2,069 1,943 2,583 2,416
Johnson & Johnson 5.74 Open (t) 13688.29 13838.19 13914.55 14240.18 14455.18 Declines 882 834 954 328 486
JPMorgan Chase 7.31 Open (a) 13635.61 13798.20 13914.43 14221.46 14448.01 Unchanged 107 73 80 44 47
McDonald's 12.11 10:00 13667.77 13802.99 13900.25 14294.12 14444.42 New Highs 15 15 29 28 82
Merck 0.56 33200 New Lows 238 119 138 11 18
10:30 13630.81 13848.35 14040.81 14321.83 14515.42
Microsoft 22.99 Blocks - primary 4,036 4,224 4,136 4,702 4,602
11:00 13598.74 13850.00 14052.33 14327.55 14502.25
Nike Cl B 9.08 Total (000) - primary 893,511 1,103,604 1,018,064 1,042,924 1,021,116
11:30 13680.22 13901.22 13991.49 14354.06 14467.61 Total (000) 3,911,149 4,249,479 4,224,902 4,669,781 4,570,969
Procter & Gamble 2.91
12:00 13694.85 13916.81 13992.68 14358.91 14484.09
Salesforce 10.90 32600 12:30 13725.42 13928.84 13955.03 14334.30 14492.57
NYSE American Composite
Travelers 7.73 Daily Oct 30 31 Nov 1 2 3
1:00 13716.13 13919.42 13911.83 14338.02 14482.07
UnitedHealth Group 6.24
1:30 13764.51 13898.69 13937.62 14357.72 14495.89 Issues Traded 312 318 315 305 319
Verizon Communications 2.58 Advances 164 156 154 209 199
2:00 13798.43 13919.11 13909.00 14329.44 14513.37
Visa Cl A 14.33 Declines 129 147 149 80 108
Walgreens Boots Alliance 0.97 32000 2:30 13794.25 13905.68 13901.33 14303.14 14508.66
Unchanged 19 15 12 16 12
Walmart 3.49 May June July August September OctoberNovember 3:00 13821.33 13897.25 13879.59 14303.77 14543.70
New Highs 2 3 3 1 4
3:30 13855.44 13897.69 13978.52 14314.43 14527.24 New Lows 26 25 25 7 9
Close 13826.69 13895.77 14020.28 14285.46 14512.76 Blocks - primary 85 104 99 120 126
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
High (t) 13901.83 14009.60 14128.95 14448.15 14629.41 Total (000) - primary 7,573 11,642 8,353 8,450 13,109
Transportation Low (t)
High (a)
13553.65 13727.36 13801.42 14123.75
13873.71 13961.93 14091.69 14389.44
14366.22
14554.87
Total (000)
Nasdaq
155,725 170,693 139,614 141,067 221,576
13782.03 11320.09 DJ US Small TSM 12155.86 11400.86 12155.86 835.77 7.38 28.29 0.23 104.75 0.87 Divs Yield % 1.43 1.51 1.60 2:30-3:00 30,153 29,316 50,723 31,222 29,003
977.76 795.64 Barron's Future Focus 894.25 841.69 894.25 62.65 7.53 87.01 10.78 82.08 10.11 Divs $ 89.49 89.52 83.55 3:00-3:30 39,265 35,447 49,583 40,164 39,569
Mkt to Book 5.71 5.41 5.01
1036.97 881.58 Barron's 400 962.18 913.03 962.18 54.21 5.97 38.05 4.12 41.79 4.54 3:30-4:00 463,387 673,311 557,535 538,861 508,283
Book Value $ 1095.83 1095.83 1042.07
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
Selected IPOs
U.S. Dollar Index vs Euro and Yen Per Share Values of Stocks Ticker Initial Offer Price IPO Date Recent Price %Chg
No Show Jobs: October’s employment numbers were weaker than expected—leading traders to bet the
Fed will keep its rate rises on pause. That made the dollar less attractive against the six other currencies In the Dow Jones Averages Lexeo Therapeutics
Pineapple Financial
LXEO
PAPL
11.00
4.00
11/3
11/1
10.05
1.86
-8.6%
-53.5%
underlying the ICE U.S. Dollar Index, which retreated 1.4% on the week, to 105.7. This is a list of the Dow Jones trailing 52-week diluted share Alpha Technology Group ATGL 4.00 10/31 5.89 47.3%
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
Yields (%)
SEC Form 144 must be filed by holders of restricted securities (also called letter stock) who intend to
C.H. Robinson 3.25
CSX Corp 1.88
2.44 11.64
0.42 6.11
Norf Southern
Old Dominion
9.12
11.24
5.40 55.83
1.50 33.14
Indicator 50.1% 49.6%
Sources: Consensus Inc.; American Association of
45.9%
Name
sell shares. Shares Indicated: the number to be sold. Sales Date: the approximate date of the sale.
Monday When Issued* Last Auction (Sometimes shares aren't sold, even though their owner has filed a Form144.) Source: Thomson
Reuters
Delta Air Lines 5.28
Expeditors Int'l 6.67
0.20 10.26
1.36 20.15
Ryder Sys
Southwest Air
10.17
0.75
2.57 63.45
0.72 17.99
Individual Investors; Market Vane; TIM Group
Changes
FedEx 16.40 4.82 103.86 Un Pacific 10.42 5.20 19.86 NYSE
$75.0 bil 3-month 5.398 5.325
Shares Sale Hunt (JB) 7.42 1.66 35.34 UPS 9.88 6.38 23.04 BowFlex (BFX), formerly
$68.0 bil 6-month 5.485 5.320 Company Sym Indicated $ Value Date Seller Title Nautilus (NLS)
Dow Jones U.S. Total Market Industry Groups CBOE Put / Call Ratio Foreign Exchange
Foreign
Currency
Foreign
Currency
U.S. $ in
Foreign
U.S. $ in
Foreign
Industrial Suppliers DJUSDS 623.63 + 39.54 125.87 +6.77 [49] +24.18 [17] +25.29 [14] +15.59 645.65 492.63 U.K. (Pound) 1.2381 1.2120 .8077 .8251
TripAdvisor (Q3) 0.47 0.28 Uruguay (Peso) …… .. …… .. …… .. …… ..
Bldg Materials & Fixtures DJUSBD 1604.77 + 144.00 242.14 +9.86 [14] +23.63 [18] +17.77 [26] +9.08 1,777.55 1,318.65
Retail DJUSRT 1937.32 + 120.00 357.60 +6.60 [54] +23.56 [19] +22.64 [18] +1.27 2,020.40 1,548.71 Vertex Pharmaceuticals (Q3) 3.93 4.01 Financial .02498 .02505 40.035 39.928
Euro 1.0732 1.0563 .9318 .9467
Apparel Retailers DJUSRA 1236.51 + 67.31 58.12 +5.76 [70] +22.43 [20] +4.93 [60] +11.78 1,267.94 995.01
T Special Drawing Rights (SDR) are based on exchange rates for the U.S.,
British, and Japanese currencies. Source: International Monetary Fund.
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 column shows the change from previous 65-day moving Air Products & Chemicals (Q4) 3.11 2.89 a-Russian Central Bank rate. b-government rate. d-rebased as of Jan. 1,
average. Volume figures do not reflect extended trading hours. 2005. y-floating rate.
Akamai Technologies (Q3) 1.50 1.26
bluebird bio (Q3) -0.67 -0.94
Brighthouse Financial (Q3)
D.R. Horton (Q4)
3.92
3.94
1.35
4.67
Money Rates
Delta Market Pulse of the Economy Datadog (Q3) 0.34 0.23 Latest Week Prev. Week Yr Ago
DaVita (Q3) 2.01 1.45
Sentiment Discount Rate (NY) 5.50 5.50 4.00
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
Only includes new reports. Latest Latest Preceding Year YroYr Latest Latest Preceding Year YroYr Devon Energy (Q3) 1.56 2.18 Prime Rate (base) 8.50 8.50 7.00
Economic Growth and Investment Date Data Period Ago % Chg Date Data Period Ago % Chg eBay (Q3) 1.00 1.00
Indicator No Activity for this Week
Employment
Expeditors Inter’l of Wash. (Q3) 1.28 2.54 Fed Funds Rate
Production Fidelity National (Q3) 1.58 1.74
The Delta MSI measures the Avg effective offer 5.34 5.34 3.84
Electric power, (mil. kw hrs) (EEI) Oct 28 71,340 69,105 68,883 3.57 Civil labor force, (thous.) Oct 167,728 167,929 164,646 1.87
position of a representative set Gilead Sciences (Q3) 1.91 1.90 Avg weekly auction-c 5.33 5.33 3.08
Petroleum, related capacity, % Oct 27 85.4 85.6 90.6 –5.74 Employed, (thous.) Oct 161,222 161,570 158,593 1.66
of stocks relative to an loanDepot (Q3) -0.08 -0.37
intermediate-term moving Rotary rigs running, U.S. & Can., (Hughes) Nov 3 814 821 979 –16.85 Employment cost index 3rd Qtr 161.8 158.1 154.4 4.79
All non–farm payrolls, (thous.) T-Bills Rate
average crossover (MAC) point. Steel, (thous. tons) Oct 28 1,707 1,703 1,663 2.65 Oct 156,923 r156,773 154,006 1.89 Occidental Petroleum (Q3) 0.88 2.44
When greater than 50% of the Steel, rated capacity, % (AISI) Oct 28 74.3 74.1 74.5 –0.27 Government payrolls, (thous.) Oct 22,892 r22,841 22,262 2.83 Rivian Automotive (Q3) -1.34 -1.57
Goods prod payrolls, (thous.) 13 weeks, Coupon Yield 5.488 5.472 4.169
stocks followed are above this Oct 21,639 r21,650 21,384 1.19
MAC point, the market is Consumption and Distribution Robinhood Markets (Q3) -0.10 -0.20 13 weeks, Auction Rate 5.325 5.310 4.070
Initial jobless claims (thous.) Oct 28 217 r212 204 6.37
bullish. When the indicator is Factory shipments, (bil. $) Sept 588.08 585.98 550.84 6.76 26 weeks, Coupon Yield 5.558 5.564 4.605
Continuing claims (mil.) Oct 21 1.818 r1.783 1.432 26.96
below 50%, risk is elevated and W 26 weeks, Auction Rate 5.320 5.325 4.440
stock exposures should be Instinet Research Redbook Avg. (monthly %) Oct 28 –1.46 3.23 –1.59 …. Job openings, (thous.) Sept 9,553 r9,497 10,854 –11.99
Baltic Dry Index Nov 3 1,462 1,563 1,323 10.51 Hires, (thous.) Sept 5,871 r5,850 6,226 –5.70 Atmos Energy (Q4) 0.72 0.51 Avg weekly auction-c 5.32 5.33 3.97
reduced. Manager uses
discretion on asset allocation Total separations, (thous.) Sept 5,530 r5,687 5,810 –4.82 Biogen (Q3) 3.99 4.77 Broker Call Rate 7.25 7.25 5.75
when MSI is at 50% +/- 3%. Inventories
Service payrolls, (thous.) Oct 135,284 r135,123 132,622 2.01 Fair Isaac (Q4) 5.29 4.40
Domestic crude oil, (thous. bbls) Comm. (Excl. Lease Stck) Oct 27 421,893 421,120 436,830 –3.42 Unemployment rate, % Oct 3.9 3.8 3.7 5.41 Bankers Acceptances
Factory inventories, (bil. $) Sept 857.32 r855.32 801.30 6.99 Lyft (Q3) 0.15 0.11
Bearish
Unemployed, (thous.) Oct 6,506 6,360 6,053 7.48
Gasoline, (thous. bbls) Oct 27 223,522 223,457 206,633 8.17 Avg. wks duration unemploy Ralph Lauren (Q2) 1.92 2.23 1 month 5.36 5.36 3.85
Oct 21.6 21.5 20.8 3.85
Orders U–6 unemployment 2 months 5.45 5.45 4.08
Oct 7.2 7.0 6.7 7.46 Take-Two Interactive (Q2) 1.03 1.30
Factory orders, backlog (bil. $) Sept 1,353.62 r1,335.20 1,137.10 19.04 Civilian Employment Population Ratio Oct 60.2 60.4 60.0 0.33 3 months 5.63 5.63 4.48
New factory orders, (bil. $) Sept 601.52 r585.40 550.90 9.19 New York Times (Q3) 0.29 0.21
Current Sentiment Construction 6 months 5.79 5.79 5.05
Nondurable goods orders, (bil. $) Sept 304.49 r301.49 276.50 10.12 Under Armour (Q2) 0.21 0.20
Purchasing management index Oct 46.7 49.0 50.0 –6.60 Construction spending, (bil. $) Sept 1,996.5 r1,988.3 1,836.9 8.69 Foreign Prime Rates
Walt Disney (Q4) 0.73 0.30
15.5%
Non–residential spending, SA (bil. $) Sept 683.9 r683.0 563.9 21.28
Trade Public spending, (bil. $) Sept 440.6 r438.7 381.4 15.52 Canada 7.20 7.20 5.95
No Activity for this Week Residential spending, (bil. $) TH
Sept 882.3 r877.2 901.0 –2.08 Germany 4.50 4.50 2.00
Home Price Index S&P Case–Shiller – Comp. 10 (SA) Aug 331.96 r330.74 322.33 2.99 Blue Apron (Q3) -1.99 -8.88
Inflation Japan 1.475 1.475 1.475
Last Week Other Indicators Green Dot (Q3) 0.21 0.44 Switzerland 2.25 2.25 1.00
ECRI Industrial Price Index f Nov 3 116.91 118.37 119.37 –2.06
Consumer confidence (Conference Board) Oct 102.6 r104.3 102.2 0.39 Hanesbrands (Q3) 0.11 0.29 Britain 5.25 5.25 3.00
16.7%
Citi Research Panic–Euphoria Reading Nov 3 –0.14 –0.10 –0.12 …. Krispy Kreme (Q3) 0.06 0.03
Other Money Rates
a-1997 equals 100. b-1982-84 equals 100. c-1982 equals 100. f-1996 equals 100. h- News Corp (Q1) 0.11 0.12
benchmark revision, 2016 equals 100. r-Revised. Fannie Mae Home Loan:
The Trade Desk (Q3) 0.29 0.26
30-Year Fixed Conv 6.96 7.34 6.69
2 Weeks ago YETI (Q3) 0.55 0.63 Bank money market-z 0.60 0.61 0.17
American Debt and Deficits Adjustable Mortgage Rates Interest Checking-z 0.06 0.06 0.04
26.4%
6-Month Certif-z 1.73 1.60 0.72
Latest Preceding Year Ago Yr over Yr 12-Month Certif-z 2.01 2.00 1.10
Nov 3 Oct 27 Yr. Ago YOY % Chg
1,201FY'24
Report
1,154FY'23
% Chg
(Index of 40 actively-traded tax-exempt bonds; component issues Select Water Solutions-WTTR (NYSE) 2.6 Q .06 .05 20.0 11-07 11-06 11-17 West Pharmaceutical Svcs .20 Hanover Bancorp .10
are changed regularly to keep the index a current picture of the WisdomTree .03 HomeStreet .10
10 market. Source: The Bond Buyer Selective Insurance-SIGI (Nasdaq) 1.3 Q .35 .30 16.7 11-15 11-14 12-01
Snap-On-SNA (NYSE) 2.8 Q 1.86 1.62 14.8 11-21 11-20 12-11 Kearny Financial .11
Handy & Harman Gold Price 5.41 5.29 5.20 Wednesday (November 8)
MarketAxess Holdings .72
Solaris Oilfield A-SOI (NYSE) 5.2 Q .12 .11 9.1 12-01 11-30 12-11 Adecoagro .165 Northfield Bancorp .13
Stock/Bond Yield Gap-s Tennant Co-TNC (NYSE) 1.4 Q .28 .265 5.7 11-30 11-29 12-15 Atlas Energy Solutions .20 Pool 1.10
0 Vistra-VST (NYSE) 2.4 Q .213 .206 3.4 12-20 12-19 12-29 KB Home .20 Sandy Spring Bancorp .34
(Difference between yield on highest-grade corporate bonds and Western Alliance Bancorp-WAL (NYSE) 3.1 Q .37 .36 2.8 11-17 11-16 12-01 Magnolia Oil & Gas .115 Univest Financial .21
yield on stocks on the DJIA.) WestRock-WRK (NYSE) 3.2 Q .3025 .275 10.0 11-13 11-10 11-21 Matson .32 West Bancorp .25
-2.94 -2.91 -2.94 MetLife .52 Western New England Bncp .07
-10
Dividend Payment Reductions
MGIC Investment .115
Yield on DJ Equal Weight US Corp Bond Idx: MSCI 1.38 Wednesday (November 8)
D J F M A M J J A S O Mueller Water Products .064 FTAI Infrastructure .03
Corp Bonds, (y) 6.17 6.34 6.07 Olin Corp .20 LPL Financial Holdings .30
Adjusted % Record Ex-Div Payment Peabody Energy .075
Company Name-Ticker Symbol (Exchange) Yield Period To From Decrease Date Date Date Magyar Bancorp .04
v-Week ended Thursday. y-Yield to maturity, week ended Thursday. z- ResMed .48 OP Bancorp .12
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
Source: Refinitiv.*Barclays T-Bond Index discontinued by firm. Big 5 Sporting Goods-BGFV (Nasdaq) 8.8 Q .125 .25 -50.0 % 12-01 11-30 12-15 St. Joe .12 PCB Bancorp .18
Terex .17
Chimera Investment-CIM (NYSE) 9.1 Q .11 .18 -38.9 % 12-29 12-28 1-31 TJX Cos .333
Peapack-Gladstone Finl .05
CVR Partners-UAN (NYSE) 33.0 Q 1.55 4.14 -62.6 % 11-13 11-10 11-20 Visa Cl A .52 Rush Enterprises A .17
Sturm Ruger-RGR (NYSE) 2.8 Q .17 .36 -52.8 % 11-15 11-14 11-29 Rush Enterprises B .17
Federal Reserve Data Bank Week’s Saturday (November 11)
NONE
Territorial Bancorp-TBNK (Nasdaq)
VF Corp-VFC (NYSE)
2.5
2.3
Q
Q
.05
.09
.23
.30
-78.3 %
-70.0 %
11-09
12-11
11-08
12-08
11-24
12-20
Thursday (November 9)
America Movil ADR .197
S & T Bancorp
Summit State Bank
.33
.12
Atlantic Union Bankshares .32 Territorial Bancorp .05
One week ended Nov 1:
Prev. Year
Dividend Sunday (November 12)
NONE
Special Dividends Stock Splits/Dividends BP ADR
Burford Capital
.436
.062
Wintrust Financial
Zions Bancorp
.40
.41
Member Bank Charles Schwab .25
Reserve Chgs. (Mil. $)
Week
Change
Ago
Change Payment Record Ex-Div Pay Company Name-Ticker Symbol (Exchange) Amount
Record Ex-Div
Date Date
Pay
Date Dana .10
Thursday (November 9)
122 424
ACELYRIN BruushOralCare ENDRA LifeSci Intergroup NY Mortgage Shapeways YorkWater AdvanSix FreshDelMonte RegalRexnord Teleflex VishayPrecision
AcriCapitalA BT Brands EnergyFocus IntlMoneyExpress Oblong ShoalsTech ZappEV AevaTech GameStop RegionalMgmt TelekmIndonesia Wallbox
AcumenPharm Bumble EnergyRecovery Investar OceanBiomedical Shyft ZebraTech AgilentTechs Generac Regis Timken WeWork
New Highs New Lows AdamasOne C4 Therap EnlivenTherap IO Biotech OddityTech SidusSpace ZeroFox agilon health GeneralMotors Revvity Toast Wolfspeed
AdaptHealth CadrenalTherap EnphaseEnergy Ioneer OhioValleyBanc Sientra ZiffDavis AgreeRealty Genpact RingCentral TopgolfCallaway Xperi
Adaptimmune CalumetSpecialty EnsysceBio IPG Photonics Olaplex SigmaLithium ZivoBiosci AirLease GenuineParts RubiconTech Transalta XponentialFit
Nasdaq
Aditxt CandelTherap EnvoyMedical JaguarGlblGrowthI OmegaTherap SiliconLabs ZoomInfoTech AlaskaAir Getaround SITE Centers TransUnion Xylem
AdlaiNortye Canoo Ericsson Janover Omnicell SingularGenomics ZyVersaTherap Albemarle GettyRealty SensataTech Tredegar YatsenHolding
122 858
New Highs New Lows
Adtran
AerovateTherap
AEternaZentaris
CapricorTherap
Carecloud
CareMax
EsportsEnt
EstablishLabs
EternaTherap
Jeffs'Brands
Jet.AI
JetBlue
OmniLitAcqnA
ONE GroupHosp
OneSpan
SiNtxTech
SiyataMobile
SkyWaterTech
NYSE
NEW HIGHS
AlexandriaRlEst
Allego
AltaEquipment
Glatfelter
GlobusMedical
GrafTechIntl
SeritageGrowth
ServiceIntl
TriconRes
UDR
YumChina
ZimIntShipping
8 67
AileronTherap CenntroElec FarmersBancp KaivalBrands PainReform SnowLakeRscs AnnovisBio HealthcareRealty
AmerEagle November 07 5.28 5.27 0.01 5.36
Airgain CenturyTherap FateTherap KaryopharmTherap PalisadeBio SocietalCDMO AptIncmREIT HealthpeakProp November 09 5.28 5.27 .... 5.36
AIG Heliogen
Akanda CEVA Fathom KaziaTherap PanbelaTherap SolarEdgeTech ApartmtInv November 14 5.29 5.28 .... 5.37
AnteroMidstream HeliosTech
New Highs New Lows Akili CF Bankshares FibroGen Kidpik PapaJohn's SolGelTech Aptiv November 16 5.28 5.27 0.01 5.37
Archrock Hershey November 21 5.28 5.27 -0.01 5.37
Akoya CFSB Bancorp FinchTherap KintaraTherap ParamountA SolidBiosci ArcelorMittal
AresAcqnA Hillenbrand November 24 5.28 5.27 -0.01 5.37
Only includes COMMON and REIT stocks AlaunosTherap CH Robinson FirstSolar Kirkland's ParamountB SolidPower ArmadaHoffler
AristaNetworks HiltonGrandVac November 28 5.29 5.28 .... 5.38
Alithya ChargeEnt Fitell KoruMedSys PasitheaTherap Solowin ArmourResREIT November 30 5.28 5.27 -0.01 5.36
Assurant HimalayaShipping
Allakos Charles&Colvard ForresterRes KronosBio PatriaInvts Soluna Ashland December 05 5.27 5.26 -0.02 5.37
BancoBilbaoViz Huntsman
NYSE American ArchCapital AllarityTherap CheetahNetSupply ForteBiosci Kulicke&Soffa PatriotNatBncp SonicFoundry AtmusFiltration December 07 5.28 5.27 -0.02 5.38
BellRing ICL Group
AtlCoastalA Allbirds ChefsWarehouse Fortinet KVH Inds PaxMedica SonomaPharm Autohome December 12 5.27 5.26 -0.03 5.37
NEW HIGHS Biohaven IQVIA December 14 5.28 5.27 -0.01 5.39
AutolusTherap AllegiantTravel ChemomabTherap FortressBiotech KwesstMicroSys PaycorHCM Sphere3D Avantor
Cybin Cameco IDEX December 19 5.27 5.26 -0.04 5.38
AvePoint AllegroMicro ChickenSoupA ForwardIndustries KY FirstFedBncp Paylocity SPI Energy Avient
HNR Acqn CanadianNatRscs IndependenceContr December 21 5.29 5.28 -0.02 5.40
BeliteBio Allient ChinaJoJoDrug ForzaX1 KymeraTherap PENN Entmt Sportradar BILL
CardinalHealth IndepRealty December 26 5.29 5.28 -0.04 5.41
NatlHealthcare BGC Allot ChinaLiberalEduc Fossil Lands'End Peraso SR Bancorp BRT Apartments December 28 5.28 5.27 -0.03 5.39
Northann CareTrustREIT InspireMedical
Bsquare AlnylamPharm ChinaSXTPharm FoxB LanternPharma PetMedExpress SSR Mining Bakkt January 02 5.27 5.26 -0.03 5.40
PineappleFinl Cencora IntercorpFinSvcs
CactusAcqn1 A Alphatec Cingulate FoxFactory Largo PhibroAnimal StaarSurgical Bally's January 04 5.27 5.26 -0.03 5.39
QuantumFin Chemed JBG SMITH Prop January 09 5.25 5.24 -0.04 5.38
CarbonRevolution AlphaTech CirrusLogic FreightCarAmer LaRosa PhioPharm Stagwell BarnesGroup
UnvlSecInstr ConcordAcqnIII A Kennametal January 11 5.27 5.26 -0.03 5.40
CASI Pharm AltamiraTherap CISO Global FreightTech LavaTherap PiedmontLith Starbox Beachbody
UraniumEner ConstellationI A Kennedy-Wilson January 16 5.26 5.25 -0.04 5.40
ChordEnergy AlzamendNeuro CitizensHolding FrequencyTherap LexeoTherap PioneerBancorp Stericycle Belden January 18 5.27 5.26 -0.04 5.41
CoreCivic KenonHoldings
ConnectBiopharma Amarin CleanEnerFuels Frontier LibertyGlobal A Playstudios Stratasys BensonHill January 23 5.27 5.26 -0.04 5.41
NEW LOWS Crane Kenvue
ConstellationEner Ambarella Clearfield FTC Solar LibertyGlobal B PlugPower SunPower BestBuy January 25 5.26 5.25 -0.06 5.38
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
O T H E R VO I C E S
Over the past few decades, the number of U.S.-
listed public companies has more than halved—
from 8,000 to fewer than 4,000.
the number of U.S.-listed public com- couped a portion of losses from 2022.
panies has more than halved—from Those who did so missed out on pow-
8,000 to fewer than 4,000. Today, erful equity market recoveries.
there are 16,000 companies owned by When equity markets go down, an
private-equity firms. At the same time, IPS triggers rebalancing back to target
the length of time a company typically allocations. Missing just the 20 best
stays private before an initial public days in the equity market over the
offering has nearly doubled, from six past 30 years cuts returns in half,
years to 11. Some of the well-known and missing the 40 best days results
companies that went public recently, in negative returns. Within the IPS,
such as Airbnb and Birkenstock, were private investments also help keep
already large when they did so. When portfolios invested throughout market
that happens, public-market investors cycles—because they are longer-term,
miss out on the initial, high-growth more illiquid investments.
private phase. Today, the asset and wealth manage-
Bond markets have also changed ment industry is on the verge of a third
as a result of post–financial crisis seismic change. The two-thirds of total
reforms that curbed bank lending. wealth that is currently owned by the
A sizable portion of lending migrated silent generation and baby boomers is
from public bond markets to private transitioning to surviving partners
markets. In fact, private debt has in- (often women) and younger genera-
creased almost fivefold since 2010 to tions. By 2030, women could control
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
Wealth Is Changing.
ods of high or rising interest rates. much less risk, which has a negative
These two changes mean that indi- impact on actually achieving long-term
viduals need to invest like institutions. goals such as a secure retirement, as
In other words, they need a combina- higher-risk investments tend to deliver
tion of public and private market in- higher returns over time.
vestments. Like institutional inves- There is work ahead for the wealth
tors, individual investors also have management and alternatives indus-
long time horizons as they plan for tries. We can start by coming together
An Institution.
their lifetimes, and even beyond. Time to provide institutional practices and
is the biggest advantage for investors. investments to individuals. First and
Large institutions manage port- foremost, we need to help to secure
folios according to investment policy their retirements. We also want to
statements. Individual investors can secure the growth of the economy and
O
benefit from doing the same. An IPS capital markets, which benefits us all.
states the investment goal, with target We need to close the confidence gap
ver the past BY match. This happened to workers in allocations to stocks, bonds, and pri- many investors face when it comes to
three decades, CATHERINE companies across the U.S. economy. vate investments. Private investments investing generally, and particularly
two seismic KEATING As a result, most Americans are serve suitable investment purposes, with private investments. For all inves-
changes in the The writer is global now responsible for their own retire- such as enhanced growth (private tors, we need to make private investing
asset and wealth head of BNY ments. While many are aware that equity), income (private credit), and simpler to understand and implement.
management Mellon Wealth individual consumers account for over inflation protection (real estate). Im- Missing out on additional returns from
industry have Management. two-thirds of the U.S. economy, some portantly, an IPS helps protect against the illiquidity premium is detrimental
had a dramatic impact on the U.S. might not know that individual inves- the biggest risk: emotion. to wealth accumulation over time.
economy and public markets. tors account for over two-thirds of Our brains tend to feel the emo- The U.S. investor market has
The first is a generational change investment assets. Total family wealth, tional pain of a loss more than the eu- shifted significantly over the past
RETIREMENT MAILBAG
The New Rules for The 60/40 Portfolio
Required Withdrawals
Got Us in Trouble
BY ELIZABETH O’BRIEN fied financial planner in Tampa: broker- To the Editor: 75% think the federal-funds rate will be
ages only know about the money you Yes, bonds are finally a viable option, 5.25%-plus; and yet only 46% bet that
A
confusing tax requirement has have with them. Your RMD is based on but for years and years, they offered a recession will come in that time (“Big
grown even more so this year, as your total balance across all retirement scant yield plus high risk when rates Money Pros Are Split on the Outlook
a new age for required mini- accounts subject to the requirement, so if finally did take off (“It’s Time to Stop for Stocks. But They Are Fans of
mum distributions, or RMDs, you’ve got money across several firms, Crying About Bonds and Buy Them Bonds,” Oct. 27).
from retirement accounts takes effect. you’re going to have to do that calculation Instead,” Cover Story, Oct. 27). Let’s see if the bear steepener has
Many older adults don’t know they yourself or with the help of an advisor. That didn’t stop the wealth manage- anything to say about this, or maybe the
must begin withdrawing money from “The custodian doesn’t know about ment industry from relentlessly push- wisdom of crowds foresees a new curve-
their retirement accounts in their early the other accounts, and the advisor might ing the portfolio of 60% stocks and inversion clock starting next year.
70s and paying income taxes on that not know either,” Miller says. 40% bonds, and now we’ve seen the David Johnson
money. It’s the government’s way of fi- The penalty for not withdrawing results. Brooklyn, N.Y.
nally getting a piece of retirement savings RMDs is 25% of the amount not taken Brian Henry
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that have grown tax-deferred for decades. (down from 50% pre-Secure 2.0), with On Barrons.com
But even those who are aware of the the possibility of a reduction to 10% if the Blanchflower’s Research
requirement may not be sure when it account owner promptly resolves the
begins, since the age has been a moving issue by withdrawing the required Doing the Math To the Editor:
target: After sitting at age 70 ½ for de- amount. This was one of the most important
cades, the Secure 1.0 law of 2019 bumped Those who don’t need their withdrawal To the Editor: and insightful interviews that Barron’s
it to 72. Then came Secure 2.0 in 2022, to live on have the option of making a tax- I’ve been around for a while, and this is has ever published (“Unhappiness Is
which raised the age from 72 to 73, effec- free charitable donation of up to $100,000 the first time in my life where there has Consuming Young Americans. It Could
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
tive this year. Starting in 2033, it will rise to satisfy the RMD requirement (or up to been a major geopolitical event without Hobble the Economy,” Interview,
to 75. $200,000 for a married couple filing the dollar or Treasuries getting a bid Oct. 26).
“We always get questions about this, jointly). A qualified charitable distribution (“Investors Are Worried About Govern- Dartmouth College professor David
and especially now because the age has (QCD) is transferred directly from an indi- ment Spending,” Oct. 27). It isn’t that Blanchflower’s research on adverse
increased two times now in four years,” vidual retirement account to a qualifying investors aren’t taking the Gaza situa- childhood experiences has shed light
says Juan C. Ros, a financial advisor at charity, and the amount isn’t counted to- tion seriously; gold is up about $150 on a critical yet often underestimated
Forum Financial Management in Thou- ward the donor’s taxable income. This since this started. factor contributing to prevailing labor
sand Oaks, Calif. could be a boon for higher earners if it I suspect that investors are doing the market challenges and generational
Secure 2.0 gave people who turn 72 this prevents them from bumping up a tax math. Not only is our ever-expanding economic malaise.
year a brief reprieve; they don’t need to bracket or paying income-adjusted Medi- debt unsustainable, but also there’s Expanding coverage on the intersec-
take their first RMD until April 1, 2025. care premiums. doubt as to whether it can be serviced tion of mental health and financial mar-
(While everyone else must take their an- The age for QCDs was not adjusted short of monetizing it. kets would greatly benefit Barron’s read-
nual RMDs by year end, first-timers have upward with the RMD age and remains Most people would regard the idea ers, enhancing their understanding of
long been given until April 1 of the follow- 70 ½. This decoupling deepens the be- of swapping out Treasuries for gold as this new economic landscape.
ing year to take their withdrawal for the fuddlement around RMDs, but it also insane. Rishi Jaggernauth
year they hit the threshold age.) yields planning opportunities, says Laura As Ken Kesey pointed out in One Flew Ocean, N.J.
Put another way, the most recent Jansen, a senior wealth advisor with Over the Cuckoo’s Nest, sometimes the
change affects those born in 1951 or later. Ironwood Investment Counsel in Scotts- insane is sane.
Boomers born between 1951 and 1959 dale, Ariz. Gene Sweet Send letters to Mail@Barrons.com.
must start their RMDs at age 73, while She has clients who have recently Chicago To be considered for publication,
everyone born in 1960 or later will have started their QCDs at 70 ½ to get a head correspondence must bear the writer’s
an RMD age of 75. start spending down their IRAs and re- name, address, and phone number.
Brokerage houses track legislative ducing their future RMDs while making Wisdom of the Crowds Letters are subject to editing.
changes and generally do a good job of a charitable gift.
telling affected clients how much to with- “These changes were made I think to To the Editor:
draw each year to satisfy their RMD re- give more flexibility,” Jansen says. “But Eighty-five percent of Big Money Poll The Barron’s Daily is our morning briefing
quirement, financial advisors say. But whenever there’s change, even good respondents think the 10-year Treasury for what you need to know for the day.
there’s a caveat, says Stacy Miller, a certi- change, it can cause confusion.” B will be 5% or lower this time next year; Sign up at barrons.com/newsletters.
M W L C 10 11 12 H G R P 4 8 3 F 2 D 6 7 9 0 A I
56 BARRON’S November 6, 2023
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