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Barron’s Magazine — January 15, 2018

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THE 2018 ROUNDTABLE / PART 1
VOL. XCVIII NO. 3
JANUARY 15, 2018
$5.00
A growing economy could produce more gains for stocks,
our panelists say. Tech shares could do especially well.
But keep an eye on interest rates and inflation.
>
63142
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Bright Outlook
2
BARRON’S
January 15, 2018
Why buy a single stock when you
can invest in the entire sector?
BENEFITS INCLUDE:
- S&P 500 Components
- The all-day tradability of stocks
- The diversification of mutual funds
- Liquidity
- Total transparency
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- Expenses - 0.14%**
January 15, 2018
XLV
BARRON’S
3
HEALTH CARE Sector SPDR ETF Top 10 Holdings*
Company Name
Symbol
Weight
Johnson & Johnson
JNJ
11.85%
Pfizer
PFE
6.81%
Unitedhealth
UNH
6.80%
AbbVie
ABBV
4.87%
Merck
MRK
4.86%
Amgen
AMGN
3.98%
Medtronic
MDT
3.47%
Bristol-Myers Squibb
BMY
3.18%
Gilead Sciences
GILD
2.95%
Abbott Laboratories
ABT
2.66%
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*Components and weightings as of 12/31/17. Please see website for daily updates. Holdings subject to change.
The next chapter in investing
™
Visit www.sectorspdrs.com or call 1-866-SECTOR-ETF
An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other
information, call 1-866-SECTOR-ETF or visit www.sectorspdrs.com. Read the prospectus carefully before investing.
The S&P 500, SPDRs®, and Select Sector SPDRs® are registered trademarks of Standard & Poor’s Financial Services LLC. and have been licensed for use. The stocks included in each Select Sector Index were selected
by the compilation agent. Their composition and weighting can be expected to differ to that in any similar indexes that are published by S&P. The S&P 500 Index is an unmanaged index of 500 common stocks
that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market
value of all domestic common stocks. Investors cannot invest directly in an index. The S&P 500 Index figures do not reflect any fees, expenses or taxes. Ordinary brokerage commissions apply. ETFs are considered
transparent because their portfolio holdings are disclosed daily. Liquidity is characterized by a high level of trading activity.
Select Sector SPDRs are subject to risks similar to those of stocks, including those regarding short-selling and margin account maintenance. All ETFs are subject to risk, including possible loss of principal. Funds
focusing on a single sector generally experience greater volatility. Diversification does not eliminate the risk of experiencing investment losses.
**Gross & Net Expenses are the same – 0.14%.
ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust.
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4
BARRON’S
January 15, 2018
Table of Contents
Pullout Section Begins After Page 20
s 2018 Dow Jones & Company, Inc. All Rights Reserved.
A Green Light for Driverless Vehicles
Charting the Market M2
Jon Swartz
The fast ramp-up in self-driving technologies—on display at last week’s
Consumer Electronics Show—brings the future of transportation closer.
One prediction: Autonomous vehicles will proliferate globally by 2035.
The Trader
Ben Levisohn
At this feverish pace, stocks
could triple this year. M3
Streaming Is Music to Vivendi’s Ears
European Trader
Victor Reklaitis
U.K. retailer Next is set to
keep racking up gains. M6
Asian Trader
Assif Shameen
Keyence leads Japan’s new
wave of tech giants. M7
Emerging Markets
Craig Mellow
Global trade tensions present
buying opportunities. M7
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Winners & Losers M8
Current Yield
Mary Childs
The long-awaited bear market
in bonds creeps closer. M9
Jack Hough
The popularity of Spotify and other streaming services is a score for
Vivendi’s Universal Music unit, which controls a third of recorded music
and 20% of its publishing. Look for Vivendi shares to climb the charts.
Ready to Rake In the Benjamins?
Andrew Bary
Franklin Resources has suffered from high outflows lately. But the asset
manager could be a smart contrarian play, given the likelihood that it
will repatriate a big chunk of its overseas cash under new tax rules.
Our 2017 Report Card: B+
Avi Salzman
In a growth-happy year, our value-oriented stock recommendations fell
short of their benchmarks—but our bearish calls were mostly stellar.
January 15, 2018
10
Up & Down Wall Street
15
16
13D Filings M12
Research Reports M13
18
Clockwise from left: Henry Ellenbogen,
Mario Gabelli, Jeffrey Gundlach, Abby
Joseph Cohen, William Priest, Scott
Black, Meryl Witmer, Oscar Schafer,
Paul Wick.
BARRON’S (USPS 044-700) (ISSN 1077-8039) Published every
Monday. Editorial and Publication Headquarters: 1211 Avenue
of the Americas, New York, N.Y. 10036. Periodicals postage paid
at Chicopee, MA and other mailing offices. Postmaster: Send address changes to Barron’s, 200 Burnett Rd., Chicopee, MA 01020
Alex Eule
Apple lands in the crosshairs
of investors Jana Partners and
Calstrs. Should we care about
their motivation? 11
Tech Trader
Tiernan Ray
Wireless-chip giant Qualcomm
turns the tables on Broadcom
after its hostile bid. 34
Fund of Information
2018 Roundtable, Part 1
20
Lauren R. Rublin
COVER STORY: Our nine market luminaries discuss their big-picture views
on the global economy, the new tax law, inflation, bitcoin, and more.
Good news: They’re optimistic about stocks for the months ahead.
Mutual Funds: Innovative Thinking
Reshma Kapadia
After 40 years of watching hot tech trends come and go, TIAACREF’s Susan Hirsch knows how to spot companies that can endure. On
her buy list: stable growth companies outside of tech. PLUS: Scoreboard.
When Spending Is Saving
Andrew Bary
The Bill & Melinda Gates Foundation is
enlisting the help of Big Pharma and start-ups to tackle global health
threats. What progress has been made—and what challenges remain.
AN INTERVIEW WITH BILL GATES:
Reshma Kapadia
Cheap active bond funds worth
a look—plus money-market
funds for parking cash. 37
ETF Focus
35
PROFILE:
Cover Illustration
Melinda Josie for Barron’s
Streetwise
Four predictions for the U.S.
dollar. Why the Winter
Olympics could set South
Korea on a winning streak. 12
Insider Transactions M13
Market View M15
Randall W. Forsyth
Even if the bond bull is fading,
there’s no reason to fear a
gradual rise in interest rates. 6
Review & Preview
Striking Price
Steven M. Sears
Sophisticated investors move
to protect their gains. M10
Commodities Corner
Myra P. Saefong
Oil prices could get pumped up
by production cuts. M11
Columns
Crystal Kim
Regulators and bitcoin
enthusiasts get stuck in
an awkward dance. 37
Speaking of Dividends
Lawrence C. Strauss
Pfizer, AbbVie, Eli Lilly, and
other pharma and biotech
stocks with healthy yields. 39
38
Index to Companies . . . . . . . . 8
Mailbag Apple and Faangs.
Cryptocurrency risks. . . . . . . 39
6
BARRON’S
Up & Down Wall Street
Last Rites for the Bond Rally
by Randall W. Forsyth
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I
the Barron’s Roundtable starting on page 20, when he got
The bond market these days seems to be acting out into the investment business, the Treasury long bond yield
a scene from Monty Python and the Holy Grail: Dur- hit 14%, while inflation was 4% and falling.
ing the Great Plague, a collector of corpses making his
This combination appeared in May 1984, providing an unrounds encounters somebody who protests he hasn’t died paralleled 10% real return on a U.S. government obligation,
yet. Another fellow, who wants his buddy to be removed a never-to-be-repeated opportunity. Barron’s online files don’t
presently rather than risk being stuck with his remains until go back that far, but I vividly recall our Robert Bleiberg
the corpse gatherer returns in a few days, counters that “he pounding the editorial table to buy bonds at those yields. The
will be soon; he’s very ill.” Eventually, the
Dow Jones Industrial Average then hovered
problem is solved when the poor guy is
around 1,100 (no, I didn’t drop a zero), which
The new tax law
whacked over the head and tossed in the cart
shows just how much stocks and bonds alike
with the rest of the bodies.
have benefited from the three-decade-plus demakes Treasuries’
All of which may serve to demonstrate that
cline in interest rates.
exemption from state
the Pythons’ brand of humor appeals mainly to
It would seem we’re now at the polar oppomales of the baby-boomer generation—and evsite moment, with 10-year Treasuries, at
and local income
erybody else, not so much. Yet the rise in yields
2.55%, barely yielding more than inflation.
has spurred any number of investors and ana- levies more attractive. (The consumer-price index is up 2.1% in the
lysts to declare the death of the bull market in
past 12 months, according to the latest data
bonds, which began in 1981 when long-term
out Friday morning.) If the long-term secular
Treasury yields topped 15%. Since then, there has been a trend in interest rates is beginning to reverse, is that fatal
steady, stairstep decline to a low of 1.36% on the 10-year to the bull market in equities?
Treasury note in mid-2016. (Bond prices and yields move in
To a couple of pros, whose perspectives extend beyond
the opposite direction.)
a market environment in which falling interest rates preLast week, as the benchmark yield topped 2.5%, the calls sented a boost, rather than a barrier, to investment returns,
declaring the 36-year bond bull dead grew louder, as the Cur- that’s not a worry.
rent Yield column details on page M9. Whether the bull has
Higher bond yields, along with higher stock prices, would
actually met its demise remains debatable. But even if that be like “ice cream on top of the cake” for much of Corporate
is the case, whether it means the end of the climb in the stock America, says Dan Fuss, the octogenarian vice chairman of
market and the expansion in the global economy is at hand Loomis Sayles, who has 59 years of investment experience.
is another matter altogether.
That combination would bolster the pension plans for the
To be sure, there have been earlier, but premature, decla- companies that still provide them.
rations that the bond bull market had met its demise, includTo illustrate, despite the stock market’s sparkling perforing in Up & Down Wall Street’s online edition back in Octo- mance in 2017, pension consultants Milliman found that the
ber 2012, which cited a call by Bank of America Merrill top 100 corporate pension plans experienced a $2 billion
Lynch’s chief strategist Michael Hartnett. Yields—then a bit worsening in their funding status. That’s because their disunder 2% for the 10-year Treasury—did have further to fall. count rate for future liabilities fell to 3.53% at the end of
But Hartnett also recommended overweighting assets that 2017 from 3.99% a year earlier, raising the present value of
would benefit from central banks’ liquidity expansion, includ- those liabilities.
ing U.S. stocks, and especially technology. That advice proved
For those who didn’t suffer through Finance 101, think how
profitable. Over that span, the Standard & Poor’s 500 index easy it would be to save for retirement if you could lock in
nearly doubled in price, while the Nasdaq Composite has yields of 7% or more without risk. Companies with defineddone even better, in case you haven’t noticed.
benefit retirement plans have to assume a return of about half
Throughout most investors’ careers, interest rates have that, based on the yield on investment-grade corporate bonds.
been in a broadly declining trend, which provides a tailwind That means they have to sock away much more to meet those
to the prices of most assets, from stocks to high-yield credit future obligations, just as folks scrimping have to set aside
to real estate. As DoubleLine’s Jeffrey Gundlach observes in more in their 401(k)s to provide for their golden years. (This
’M NOT DEAD!
January 15, 2018
January 15, 2018
Up & Down Wall Street
BARRON’S
continued
leaves aside the many public pension plans
that have much larger deficits, given their unrealistic return assumptions, which is a discussion for another time.)
O
VER THE TRULY LONG TERM,
there are other factors to consider. Louise Yamada, who heads
the technical advisory firm bearing her name, looked at more than two centuries of U.S. interest rates and found several recurring characteristics.
First of all, rate cycles have lasted from
22 to 37 years, so the current one of 36
years is at the lengthier end of the range.
Secondly, reversals of trends have tended to
be sharp, as when yields fell from double
digits in the early 1980s or when they
bounced from their extreme lows in 2016.
That said, the transitions from declining
rate regimes to rising ones have been very
slow, shallow affairs “that have taken two to
14 years,” she says.
Investors need to bear in mind the historical pattern. As Fuss of Loomis Sayles has
suggested for some time, interest rates are
in the “foothills” of a climb. Yamada’s work
shows the early years of a climb in rates cor-
responds to an abatement of deflationary
pressures. As long as those depressants on
prices remain in place, rates don’t rise
enough to hurt.
An analysis of charts can tell what is happening. It doesn’t explain why, however.
With that in mind, Yamada’s work shows
Treasury yields have moved above downtrend lines on charts extending back to
1981. In particular, the two-year Treasury
note yield topped the 2% mark on Friday
for the first time since 2008. The 10-year
note also moved up to key levels. It hit
2.6%, short of the 2017 peak of 2.63%, and
ended the week at 2.55%.
Yamada calculates that a bond bear market would begin in earnest whenever the
10-year Treasury yield breaches the 3% resistance level that has persisted for six
years. That’s far off at this point, but she
suggests selling longer-duration fixed-income assets into strength, that is, lower
yields, and shifting into shorter assets
(more on that later).
For stock investors, the direction of interest rates seems to matter less than the point
at which we stand in the cycle. At the extremes, it’s negative. Soaring rates when in-
flation is high, or plunging rates when deflation takes hold, correspond to structural bear
markets, Yamada’s work shows. Reversals
from those extremes support new, structural
equity bull markets.
In other words, moderation in all things is
a good thing. So, if interest rates rise from a
historically low level, it’s not necessarily a
bad thing.
A modest rise in yields suggests an abatement in downward price pressures. In the
event of an extreme jump in rates, Fuss argues, the Federal Reserve will resist a destabilizing surge. All of which would translate to
a gradual rise in interest rates, but from historically low levels. That shouldn’t be too
painful for the stock market or economy.
For those who want to ride out rising
rates, the Fund of Information column on
page 37 points out money-market mutual
funds finally paying something visible to the
naked eye, over 1% in many cases, as the
Fed has raised its target rate to a range of
1.25% to 1.5%.
In an interview with CNBC last week,
Berkshire Hathaway CEO Warren Buffett
said his firm stashed its cash in Treasury
bills and estimated that Berkshire owns
about $100 billion in T-bills. Emulating the
Oracle of Omaha rarely has been a bad thing,
and that goes for savers now.
One-month bills yielded 1.3% Friday,
while three-month bills yielded 1.44% and
six-month bills returned 1.6%. Hardly anything to send your heart aflutter, but a
darned sight better than what most bank accounts, brokerages, or money funds yield.
It goes without saying that T-bills are
the gold standard in terms of safety and liquidity for institutional investors such as
Berkshire. And for individual investors in
high-tax states, the elimination of the deduction for state and local taxes under the
new tax law makes Treasuries’ exemption
from state and local income levies all the
more attractive.
Buying government securities at auctions via its website, treasurydirect.gov, is
relatively simple. Many major online brokers, including Fidelity, Charles Schwab,
E*Trade, and Vanguard, charge no fee to
purchase or sell Treasury securities.
What could be more contrarian in a market melt-up than cash? email: randall.forsyth@barrons.com
Motivated investing
International companies with sustainable competitive advantages at attractive valuations.
1 Year Cumulative Index Return
Morningstar ® Global ex-US Moat Focus IndexSM
27.8
9/30/16-9/30/17
30
25
20
15
10
MSCI All Country World Index ex USA
19.6
5
RetuRn (%)
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7
0
10/2016
11/2016
12/2016
1/2017
2/2017
3/2017
4/2017
5/2017
6/2017
7/2017
8/2017
9/2017
-5
Index performance is not illustrative of Fund performance. Source: Morningstar.
MOTI® VanEck Vectors® Morningstar International Moat ETF
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VanEck Vectors® Morningstar International Moat ETF (MOTI®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Morningstar® Global ex-US Moat Focus IndexSM, which is intended to track the overall
performance of attractively priced companies, outside the U.S., with sustainable competitive advantages according to Morningstar’s equity research team. Indices are unmanaged and are not securities in which an investment can be made.
Index performance is not representative of Fund performance. For Fund performance current to the most recent month-end, visit vaneck.com.
The Morningstar® Global ex-US Moat Focus IndexSM was created and is maintained by Morningstar, Inc. Morningstar, Inc. does not sponsor, endorse, issue, sell, or promote the VanEck Vectors Morningstar International Moat ETF, and bears no liability
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8
BARRON’S
January 15, 2018
Index To Companies
Our index lists significant references to companies mentioned in stories and columns, plus Research Reports, and
Corrections & Amplifications. The references are to the first page of the item in which the company is mentioned.
A Abbott Laboratories . . . . . . . . . . . . . . . . . . . . . 18
AbbVie . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
Activision Blizzard . . . . . . . . . . . . . . . . . . . . . . . 15
Acuity Brands . . . . . . . . . . . . . . . . . . . . . . . . . . .M2
Adidas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
Alcoa . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Alibaba Group Holding . . . . . . . . . . . . . . . . . . . 25
Alphabet . . . . . . . . . . . . . . . . . . . . . 10,11,25,36,M5
Amazon.com . . . . . . . . . . . . . . . . 15,18,20,M5,M13
American Airlines Group . . . . . . . . . . . . 13,M14
American Eagle Outfitters . . . . . . . . . . . . . M14
American Express . . . . . . . . . . . . . . . . . . . . . . . 13
Amgen . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
Amtrust Financial Services . . . . . . . . . . . . . . M2
Anthem . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
Apple . . . . . . . . . . . . . . . . . . 11,15,20,34,36,M5,M7
Aptiv . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Axovant Sciences . . . . . . . . . . . . . . . . . . . . . . . . M2
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B Bank of America . . . . . . . . . . . . . . . . . . . . . . . . . 13
Bank of New York Mellon . . . . . . . . . . . . . . . . 13
BMW . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
BB&T . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Berkshire Hathaway . . . . . . . . . . . . . . . . . . . 6,15
BlackBerry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36
BlackRock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M3
Blue Apron Holdings . . . . . . . . . . . . . . . . . . . . . 31
Boeing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M13
Bollore . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
Boston Scientific . . . . . . . . . . . . . . . . . . . . . . . M13
Bristol-Myers Squibb . . . . . . . . . . . . . . . . . . . . 39
Broadcom . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27,34
C Caterpillar . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
Cboe Global Markets . . . . . . . . . . . . . . . . . . . M10
Celgene . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36
Charles Schwab . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Cisco Systems . . . . . . . . . . . . . . . . . . . . . . . . . 26,39
Citigroup . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Columbia Seligman Comm & Info . . . . . . . . 20
Comerica . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
CVR Partners . . . . . . . . . . . . . . . . . . . . . . . . . M12
D Dave & Buster's Entertainment . . . . . . 13,M2
Diebold Nixdorf . . . . . . . . . . . . . . . . . . . . . . . . . . 18
Dodge & Cox Income . . . . . . . . . . . . . . . . . . . . 37
E Eastman Kodak . . . . . . . . . . . . . . . . . . . . . . . . . M2
Editas Medicine . . . . . . . . . . . . . . . . . . . . . . . . . M2
Eli Lilly . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .39
Evermore Global Value . . . . . . . . . . . . . . . . . . . 15
F Facebook . . . . . . . . . . . . . . . . . 11,18,20,36,M2,M5
Fiat Chrysler Automobiles . . . . . . . . . . . . . . M4
Fidelity Government Cash Reserve . . . . . . 37
Fidelity Total Bond . . . . . . . . . . . . . . . . . . . . . . 37
Ford Motor . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,M4
Franklin Resources . . . . . . . . . . . . . . . . . . . . . . 16
G Gartner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36
General Electric . . . . . . . . . . . . . . . . . . . . . . . . . 18
General Motors . . . . . . . . . . . . . . . . . . . 10,M4,M7
Glaukos . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
GoPro . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M2
Grubhub . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
H Houston Wire & Cable . . . . . . . . . . . . . . . . . M12
Hyundai Motor . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
I iShares MSCI India . . . . . . . . . . . . . . . . . . . . . . 31
iShares MSCI Mexico . . . . . . . . . . . . . . . . . . . M7
L Lam Research . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
Lennar . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M12
J Johnson & Johnson . . . . . . . . . . . . . . . . . . . . . . 39
JPMorgan Chase . . . . . . . . . . . . . . . . . . . . . . . . M3
M Marks & Spencer Group . . . . . . . . . . . . . . . . M6
Mastercard . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36
Microsoft . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
Murata Manufacturing . . . . . . . . . . . . . . . . . . . 34
K Kansas City Southern . . . . . . . . . . . . . . . . 13,M4
KB Home . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M2
Keyence . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M7
Kia Motors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Kohl’s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M2
N Netflix . . . . . . . . . . . . . . . . . . . . . . . . . . 25,27,36,M5
Next . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M6
Nissan Motor . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
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SENIOR VICE PRESIDENT, BARRON'S Daniel
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Bernard
O Oracle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
P Parker-Hannifin . . . . . . . . . . . . . . . . . . . . . . . . . . 36
PayPal Holdings . . . . . . . . . . . . . . . . . . . . . . . . . 36
Peabody Energy . . . . . . . . . . . . . . . . . . . . . . . . . 18
Pfizer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
Q Qorvo . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
Qualcomm . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
R Rowan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M12
S Safety Income & Growth . . . . . . . . . . . . . . . M12
Samsung Electronics . . . . . . . . . . . . . . . . . . . . . 34
SandRidge Energy . . . . . . . . . . . . . . . . . . . . . M12
Sarepta Therapeautics . . . . . . . . . . . . . . . . . . . 18
Schlumberger . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Schwab Investor Money . . . . . . . . . . . . . . . . . . 37
SeaChange International . . . . . . . . . . . . . . . M12
Sears Holdings . . . . . . . . . . . . . . . . . . . . . . . . . . M2
Sherwin-Williams . . . . . . . . . . . . . . . . . . . . . . . . 36
Sirius XM Holdings . . . . . . . . . . . . . . . . . . . . . . 15
Skyworks Solutions . . . . . . . . . . . . . . . . . . . . . . 34
Snap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,18,31
Softbank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
SolarEdge Technologies . . . . . . . . . . . . . . . . . . 18
Songa Offshore . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Sony . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,15
SPDR S&P 500 . . . . . . . . . . . . . . . . . . . . . . . . M10
SPDR S&P Retail . . . . . . . . . . . . . . . . . . . . . . . M6
SunTrust Banks . . . . . . . . . . . . . . . . . . . . . . . . . . 13
SuperValue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M2
T TDK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
Telecom Italia . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
Tencent Holdings . . . . . . . . . . . . . . . . . . . . . . . . 25
Tesla . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,27,36
TIAA-CREF Large-Cap Growth . . . . . . . . . 35
Time Warner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
T-Mobile US . . . . . . . . . . . . . . . . . . . . . . . . . . . M13
Total System Services . . . . . . . . . . . . . . . . . . M14
Toyota Motor . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
T. Rowe Price Group . . . . . . . . . . . . . . . . . . . . . 16
T Rowe Price New Horizons . . . . . . . . . . . . . 21
Twitter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
U Ubisoft Entertainment . . . . . . . . . . . . . . . . . . . 15
Under Armour . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
Union Bankshares . . . . . . . . . . . . . . . . . . . . . M12
UnitedHealth Group . . . . . . . . . . . . . . . . . . . . . 13
V Vanguard Federal Money Market . . . . . . . . 37
Vanguard Inter-Tm Investment-Grade . . . 37
Vivendi . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
Volkswagen . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
W Walmart . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26,36
Webster Financial . . . . . . . . . . . . . . . . . . . . . . . . 13
Wells Fargo . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M3
Y Yelp . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
Rupert Murdoch Executive Chairman, News Corp Robert Thomson CEO, News Corp
William Lewis CEO, Dow Jones Gerard Baker Editor in Chief, Dow Jones
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January 15, 2018
BARRON’S
9
You have investments.
You have an estate plan.
There’s a new tax law.
What’s next?
The new tax law is complex, with implications for wealth
planning, home ownership and investment portfolios that
will be different for everybody. Together with your tax
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provide for your family and those that matter most to you.
Learn more or talk to a Private Wealth Advisor today.
pbig.ml.com I 866.706.8321
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10
BARRON’S
January 15, 2018
Optimism over autonomous auto technology was on
display at CES in Las Vegas, but price remains an issue.
Self-Driving’s New Gear
by Jon Swartz
Hartford Funds announces the launch of its
first NextShares™ exchange-traded managed fund.
Hartford Global Impact NextShares Fund is now available.
For personal Do not edit or alter. Reproductions not permitted.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or
For more information, visit
NextShares.com.
About NextShares: Shares of NextShares funds are normally bought and sold in the secondary
market through a broker, and may not be individually purchased or redeemed from the fund. In the
secondary market, buyers and sellers transact with each other, rather than with the fund. NextShares
funds issue and redeem shares only in specified creation unit quantities in transactions by or through
Authorized Participants. In such transactions, a fund issues and redeems shares in exchange
for the basket of securities, other instruments and/or cash that the fund specifies each business
day. By transacting in kind, a NextShares fund can lower its trading costs and enhance fund tax
efficiency by avoiding forced sales of securities to meet redemptions. Redemptions may be effected
partially or entirely in cash when in-kind delivery is not practicable or deemed not in the best
interests of shareholders. A fund’s basket is not intended to be representative of the fund’s current
portfolio positions and may vary significantly from current positions. As exchange-traded securities,
NextShares can operate with low transfer agency expenses by utilizing the same highly efficient share
processing system as used for exchange-listed stocks and ETFs.
Market trading prices of NextShares are linked to the fund’s next-computed net asset value (NAV) and
will vary from NAV by a market-determined premium or discount, which may be zero. Buyers and
sellers of NextShares will not know the value of their purchases and sales until after the fund’s NAV is
determined at the end of the trading day. Market trading prices may vary significantly from anticipated
levels. NextShares do not offer investors the opportunity to buy and sell intraday based on current
(versus end-of-day) determinations of fund value. NextShares trade execution prices will fluctuate
based on changes in NAV. Although limit orders may be used to control trading costs, they cannot be
used to control or limit trade execution prices. Buying and selling NextShares may require payment of
brokerage commissions and expose transacting shareholders to other trading costs. Frequent trading
may detract from realized investment returns. The return on a shareholder’s NextShares investment will
be reduced if the shareholder sells shares at a greater discount or narrower premium to NAV than that
at which he or she acquired the shares.
Hartford Funds NextShares are a new type of fund. NextShares funds have a limited operating history
and may not be available at all broker/dealers. There is no guarantee that an active trading market for
NextShares funds will develop or be maintained, or that their listings will continue or remain unchanged.
A WORD ABOUT RISK: All investments are subject to risk, including the possible loss of principal.
There is no guarantee the Fund will achieve its stated objective. The net asset value (NAV) of the
Fund’s shares may fluctuate due to changes in the market value of the Fund’s holdings. The market
price of the Fund’s shares may fluctuate due to investor perception of their value as well as the relative
supply of and demand for the shares on an exchange. Foreign investments can be riskier and more
volatile than U.S. investments due to the adverse effects of currency exchange rates, differences in
market structure and liquidity, as well as political and economic developments in foreign countries and
regions (e.g., “Brexit”). These risks are generally greater for investments in emerging markets. Smallcap securities can have greater risk and volatility than large-cap securities. Investing in companies
that seek to address major social and environmental challenges may cause the Fund to forgo certain
investment opportunities and underperform Funds that do not have a similar focus. By investing in cash
and money markets investments, the Fund may lose the benefit of market upswings. Because it invests
in a master portfolio, the Fund is also subject to the risks related to a master-feeder structure. To the
extent the Fund has a limited number of Authorized Participants (APs) who transact in its shares, the
Fund may be adversely affected if an AP chooses not to make such transactions.
Investors should carefully consider a fund’s investment objectives, risks,
charges and expenses. This and other important information is contained in
the fund’s full prospectus and summary prospectus, which can be obtained by
visiting hartfordfunds.com. Please read it carefully before investing.
Hartford Funds Management Company, LLC (HFMC) is the investment manager for Hartford Global
Impact NextShares Fund. This fund is sub-advised by Wellington Management Company LLP
(Wellington) and distributed by ALPS Distributors, Inc., which is not affiliated with Wellington or HFMC.
NextSharesTM is a trademark of NextShares Solutions LLC. All rights reserved. Used with permission.
©2017 NextShares Solutions LLC
Two International Place, Boston, MA 02110
877.341.9255 | nextshares.com
204534; HFN000108 (1/8/19)
SUMMONED BY A LYFT
app, a BMW 5 Series
sedan picked us up last
Sunday for the nearly
two-mile ride to Caesars
Palace in Las Vegas.
No big deal, right?
Except that the car,
which safely navigated
traffic and promptly
stopped for pedestrians,
had no driver.
“This is the future
of transportation,” said
my fellow passenger, A Lyft-Aptiv self-driving BMW in Las Vegas.
Glen De Vos, chief technology officer of Aptiv (ticker: APTV), crowded with players like Alphabet
which developed the self-driving system (GOOGL) and Tesla (TSLA) and nearly
to work in Las Vegas after two months every major auto maker. At CES, BMW
(BMW: Germany), Ford Motor (F),
of mapping activity.
Lyft and Aptiv, which have teamed Toyota Motor (TM), and General
up, were among the dozens of compa- Motors (GM) were among those with
nies presenting driverless technology at huge booths on the main show floor.
At the Sony (SNE) booth, Sony Electhe annual Consumer Electronics Show
here last week. The tech conference is tronics President Mike Fasulo described
becoming what Jeremiah Owyang, to Barron’s how, as a leading manufacfounding partner at market researcher turer of image sensors, it had created a
Kaleido Insights, refers to as the “Car “safety cocoon” to identify changes in
light and improve peripheral vision for
Electronics Show.”
driverless cars. It is working with Kia
The companies at CES were trying to Motors (000270.Korea), Nissan Motor
plant a flag in a market whose revenue (7201.Japan), Toyota, and Hyundai Moworldwide is expected to grow at a com- tor (005380.Korea).
pound annual rate of 39.6%, to $126.8 bilAlso at CES, Torc Robotics offered
lion, by 2027, says Infoholic Research.
consumers private rides in its selfStrategy Analytics, meanwhile, expects driving cars, the start of the consumerautonomous vehicles to begin to prolifer- testing phase of its Asimov system.
ate globally in 2035.
Volkswagen (VOW3.Germany) and
Optimism about the growth of the Hyundai Motor, which both had booths at
market comes as consumers appear to be CES, are teaming with start-up Aurora
becoming more comfortable with self- to power their self-driving cars.
driving “robo-taxis.”
How far has the industry come?
Yet the technology has not quite
At CES two years ago, I went on a
arrived. Autonomous cars are pricey slow spin around a circle in an
(currently about $250,000), and even in unmanned, oversized golf cart. Last
the 20 self-driving vehicles at CES, there week, the BMW sedan, outfitted with 10
were drivers ready to take the wheel as radar units, nine lidar units that bounce
a safety buffer. Within a few years, how- lasers off surroundings to “see,” and two
ever, the cost of autonomous cars should cameras, made for a smooth, safe ride.
drop sharply, and safety drivers won’t be
“I suspect that the driverless-car
necessary, De Vos says.
parking lot at CES will be even bigger
The road to the self-driving future is next year,” De Vos said. John F. Martin/Courtesy of Lyft
A LEAP FORWARD
FOR ACTIVE INVESTING
January 15, 2018
BARRON’S
Streetwise
Rattling Big Tech’s Cages
by Alex Eule
easily promote in its next iOS or iPhone keynote, and it might make a
and, as you’ll see from our cover story, the panelists difference for parents waffling about whether to buy an iPhone for their
spent a good deal of time talking about technology. preteen child. “We believe addressing this issue now by offering parents
The consensus was that tech is keeping inflation at more tools and choices could enhance Apple’s business and increase debay at a point in the cycle when it would otherwise be mand for its products,” Jana and Calstrs wrote.
gaining steam—the so-called Amazon Effect.
As a parent of young children, I’m keenly aware of the iPhone and
As I listened, it occurred to me that tech’s defla- iPad’s magnetic pull. In lots of ways, I’m thankful for the devices. My 7tionary powers—the ability to disrupt industries, increase efficiency, and year-old daughter reads books that she downloads from our public library
lower prices—are the same ones driving a growing rebeland plays puzzle games that make my childhood Game Boy
lion against tech. Consumers, journalists, and regulators
seem rudimentary and mind-numbing. One day, I’m hopeful
A push by activist
last year began asking big questions about privacy, online
she’ll even read this magazine and other long-form journalinvestor Jana Partners ism on an iPad. There are lots of good things being delivhate speech, and the power of social media.
Now, investors are asking questions as well. Last week,
ered through Apple’s phones and tablets. Of course, it’s all
on Apple may be
activist hedge fund Jana Partners, not generally known
a matter of degree, and I expect the balance will get more
for social activism, sent a letter to Apple (ticker: AAPL)
challenging as my children grow.
a sign of things
pushing the company to think more about the iPhone’s imto come.
But given those positives, I wondered why Jana was
pact on children. The letter—at a site called thinkdiffergoing after Apple rather than Facebook (FB), Twitter
entlyaboutkids.com—was co-signed by Calstrs, the Califor(TWTR), Snap (SNAP), or Alphabet (GOOGL), which make the sticky
nia teachers’ pension fund.
This is new territory for Jana, and I was initially skeptical of the ef- products that really keep kids tied to their phones. Here, Jana seems
fort. The hedge fund has an impressive record of agitating for corporate to be making an economic decision. “Unlike many other technology comchange, and it has the returns to show for it. Jana has taken 40 activist panies, Apple’s business model is not predicated on excessive use of
positions over the past 16 years, generating an average return of 27%, your products,” Jana wrote to Apple.
Jana doesn’t specify which companies are built on excessive use, but
versus 11% for the Standard & Poor’s 500 index, according to
13DMonitor, which tracks activist investors. Still, Jana and Calstrs own we assume it’s the social-media players that rely on advertising and time
just a combined $2 billion in Apple stock, or 0.2% of the shares. Can spent on their sites. Facebook and Snap need reform, but changes might
they really bring about change at the world’s largest public company? undermine their businesses. That’s a less compelling trade for Jana.
Last week, Facebook actually dictated its own reform by tweaking
And what does a hedge fund know about social progress?
The letter seemed more like a sophisticated publicity campaign, its algorithm to cut back on news and boost posts from friends. It says
given that Jana is about to launch a social-impact fund. As a business its wants to cut down on the passive engagement of news. News as a
journalist, I know Apple-related stories are a surefire way to draw read- passive act is an odd interpretation in my view. Time will tell if the
change hurts Facebook’s ad revenue, but there was enough concern on
ers. Jana, I assumed, was taking a similar tack to draw attention.
I can’t dismiss that motivation, but my thinking evolved, as they say, Friday to send its shares down 4.5%.
Within two days of Jana and Calstrs’ letter, Apple issued a stateduring the week. People I spoke to made a convincing case that Jana
was, in fact, well positioned to make a difference, even helping bolster ment—a quick move for the strong-willed company. It was defensive but
also promised changes to come: “Apple has always looked out for kids….
Apple’s business along the way.
Ken Squire, who founded 13DMonitor and has followed the activist Of course, we are constantly looking for ways to make our experiences
industry for 12 years, says Jana’s talents should translate to the social better. We have new features and enhancements planned for the future,
arena. “The skills are the same,” says Squire, who also contributes to to add functionality and make these tools even more robust.” Apple
Barron’s. “You still have to write persuasive letters. It’s not a departure shares ended up 1% for the week.
Jana has earned its reputation for forcing change. Its social focus
from what they do, other than it’s social versus economic.”
Jana and Calstrs aren’t portraying Apple as bad or incompetent, often might be new, and skeptics like me can wonder about its motivations.
the tone set by activists. Their letter is filled with praise for Apple, calling But the firm’s letter rattled Apple, and that might be all we need for
it “one of the most innovative companies in the history of technology.” some positive change. But they do want Apple to build better and easier-to-use parental
controls into its iOS platform. It’s the kind of feature that Apple could email: alex.eule@barrons.com
For personal Do not edit or alter. Reproductions not permitted.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or
BARRON’S HELD ITS ANNUAL ROUNDTABLE LAST WEEK
11
will have a short-term impact on consumer
spending, but could have a bigger psychological impact. We haven’t talked yet about
the new rules allowing full expensing of certain capital investments, effective on
Sept. 27, 2017. In the last week of December,
even used planes were being bought.
BBA
ARRRRO
ON
N’’SS
January
January 15,
15, 2018
2018
Review
Last Week: Review
Gabelli: It could be announced in the next
Dow Indicator
25803.19
They Said What?
Oscar, you’ve been too quiet. What is your
The for
dollar
outlook
2018?fell some 10% against
a basket
of currencies
lastthat
year,
theme,
first annual
Oscar
Schafer: One thing
worries
not only here but generally, is the narrow
decline in five years.
Dow Global Index
More Records for Stocks
Stocks rose, stumbled, and recovered during the week, once more
hitting new records. The Standard
& Poor’s 500 finished the week at
2786, up 1.6% and the Dow industrials closed at 25,803, up 2%. The
Nasdaq Composite closed at 7261,
up 1.7%. Gold ended at $1,333. oil at
$64. Bitcoin took a fall, with South
Korea moving to rein in cryptocurrency speculation and China
squeezing bitcoin data mining, ending on Friday at $13,800.
412.59
+ 5.07 10-Year Treasury Bonds
He Said:
“I regret making
[the fraud
comment]…The
blockchain is real.”
The Numbers
Zach Trenholm for Barron’s
2.55 + 0.07
program. And the administration
revoked a program allowing 220,000
Salvadoreans to stay in the U.S.
FERC Blocks Energy Plan
The Federal Energy Regulatory
Commission blocked an Energy
dispersion of people’s GDP estimates for the
Department plan to subsidize coal
—JPMorgan CEO Jamie Dimon
year, and everyone’s bullishness. I don’t
and nuclear electricity-generating
on
previously
questioning
the
have a specific number, but I expect the
facilities. FERC rejected the argulegitimacy of bitcoin.
economy to grow faster than most people
ment that coal and nuclear, which
think.
I expectKotok
companies to bring cash
 David
have struggled to compete with
back
to the
U.S.,
which willofficer,
helpCumberland
to fuel Advisors
Chairman
and
chief investment
natural gas and renewables, were
growth. Inflation is less than people think.
needed to support the grid during
“The dollar is in the cross hairs of conflicting forces:
Even health-care costs aren’t rising as much
natural disasters.
banks
normalizing
or worried
not normalizing conflicts
as central
in the past.
The
Fed has been
Hot Consumer Credit
Mueller Broaches Interview
about
for many
years,
but itRising
isn’t federal deficits
withinflation
accelerating
U.S.
growth.
U.S. consumer credit saw the greatSpecial
Counsel Robert Mueller is
here. I see animal spirits taking hold. Corest growth in 16 years in November,
conflictare
with
Fed balance-sheet
shrinkage. There’s no
talking to Trump’s lawyers about an
porations
starting
to spend money.
rising 8.83%. The rise appeared to
interview with the president over
way to
know
about
dollar
strength
versus weakness.”
Gabelli:
If you
think
animal
spirits
are here,
be attributable to mounting conthe Russian matter. Trump wavered
do you want my bitcoin?
sumer confidence, with the Conferon whether he would agree.
Gundlach:
When
bond
futures
were
first
ence
Board’s
measure
of
consumer
 Bill Gross
confidence hitting a 17-year high in
listed,
the yield on the long bond was
Portfolio manager, Janus Henderson Global Unconstrained Bond Fund
Bannon Out at Breitbart
November. Non-real-estate conaround 8%. Six weeks later, it was 11%, and
Former Trump senior adviser Steve
“The
real
inflation-adjusted
trade-weighted
dollar
has
sumer credit rose by $27.95 billion.
a year later, 13%. When uranium futures
Bannon, who was widely quoted in
were
listed,
had been
in anyears
unbe-now. With increasbeen
in auranium
bull market
for five
a book criticizing Trump and his
Signs
of
Inflation?
technology and mathematics than the full
lievable bull market. The price hasn’t been Gundlach: Which is another sign of global sell it. It is going to end in tears.
ing U.S. budget deficits and a corporate-friendly tax
family, was fired as chairman of
Black: It is backed by the full faith and faith and credit of the United States. They
close to the bull-market high since. Now growth acceleration. Inflation may be stirring—finally—
Breitbart
News, the far-right webwith
10-year
Treasuries
edging
over
plan,
dollar
bearishness
is unwarranted,
and 2018 will
can understand
the rules of the game.
credit of air.
that
bitcoin
futures
have been
listed, the
site he had run.
2.55%
for
the
first
time
since
March.
Are
any
of
you
believers
in
the
long-term
Gold has survived as a store of value
Cohen: You mean the full faith and credit of
price
come
down.
pattern seems to
be has
a flat
year
for The
the dollar.”
Fueling expectations, experts point
viability of bitcoin and cryptocurrencies
multiple
wars and
depressions.
electrons. Bear in mind that whatever hap- throughFlorida
be holding.
Escapes
Drilling
to the recent U.S. tax bill, the Bank
generally?
don’t pretend
to understand
pens to bitcoin, the underlying math and While IInterior
chief
Ryan
Zinke
gavethe
a in Rebecca
of Japan’s decision to trim purchases
Perhaps
that’s whyPatterson
the futures were listed.
tricacies
of
the
gold
market,
gold
has
a
relaWhether
you
call
it
Priest: Money is the combined effects of data science are real.
November often sees a surge in
waiver to Florida on an order openof long-term government bonds, and
Chief investment officer, Bessemer Trust
tively
low
discount
rate
because
it
has
been
blockchain
or
ledger
systems,
we
are
movthree variables. It is signs
a medium
of
exGundlach: It wasn’t a coincidence.
the
Federal
Reserve’s
reading
of
ing
up
all
U.S.
coastal
areas
to
oil
of inflation in Europe.
“We thinkI the
dollarquestions
will be more
rangechange,
bound.aAscredit,throughand
many
of its
competitive
moat.
generation ofconsumer
data sysunit of account, and a store of ing into the nextnon-real-estate
Ellenbogen:
got more
over the
gastests
drilling.
Other
coastal govbutfaster
in 2017
thethe
month
boastedBitcoin ernors
hasn’t been
through
an economic
than
systems
value.
Bitcoin is a medium
of exchange
for tems. They are a lot
holidays
about
bitcoin
than the
stock
mar- Fed
quickly
demanded
similar criBattling
Over Immigration
suming
gradual
inflation
and
gradual
tightening,
the most growth since 2001.
waivers
andathreatened
litigation.
It has
high discount
rate, but
we used
outside
the on
system
ket. The ratio was at least 10-to-1. Bitcoin those who want to playTalks
began
immigration
mea-for the past 30 years. I am not giv- sis or wars.
investors
still sellindollars
higher
inga funding
a seal of approval to bitcoin, but point- people increasingly are putting lower disfiat
currencies. It sures
can be
dangerous,
searches
are may
consistently
the topin10search
of offor
to build
support for
Mudslides
yielding
opportunities
overseas.
by the pricebill
count rates
on it. Hit California
that the math
underlying
cryptocurdepending on
when
you the
buygovernment
and ing out
Google
searches.
Interestingly,
givenBut
the repatriation
to keep
running
8.83%
November
2017
Heavy
rains hit areas stripped of
rencies
will
have
many
applications.
strength
of
the
bull
market,
initial
public
ofpast Jan. 19. Democrats have deU.S. firms could provide dollar support.”
Jeff, what
is your from
view recent
of the bitcoin
vegetation
forest fires in
The underlying
technology
has
many
ferings were constrained in 2017, and have
manded a resolution for Black:
Dreamers,
6.5% October 2017
phenomenon?
California,
triggering
massive mudchildren brought illegallysecurity
to the U.S.
applications. It is excellent for
been constrained for a while. We aren’t seeMichael
Arone
slides
Los Angeles.
At least
by their parents. President
Trump
Gundlach:
Itnorth
is a ofmania.
A CryptoKitty
encryption.
ingthe
classic signs
of speculation in the
7.9% November 2016
have
Chiefmarkets.
investment
strategist,
Statethem
Streetin
Global
demanded funding for his
border
an died.
animated picture of a cat—
Ellenbogen:
I have two things to say in bit- coin—it17has
public
We
are seeing
moreAdvisors
“Central-bank
balance
wall andsheets
other measures,coin’s
then defense:
sug$100,000,
and Talking
is being reoffered
Supply
will be
limited;2001,
only16-sold forTwo
exotic
markets,
bitcoin.
“Most
major like
central
banks are likely to pursue
mone14.6%
November
Koreas
Again for
gestedinhethe
will support
ag- Dreamers
21 millioninbitcoin year
can high
be “mined.” That’s a $400,000.
Cohen: A good deal of the money flowing could start to decline
tary tightening. As a result, the dollar should remain
In a revival of talks, North Korea
“border security,”
ig-notion. Second, millennials don’t
powerful
into bitcoin isn’t coming from the U.S. It is gregate sometimeexchange
duringfor2018.
said
it would
You
didn’t
buy
it? send a team to next
niting protests from the have
GOP’sconfidence
antirangefrom
bound,
if strength
in-8.2%
traditional
coming
Eastespecially
Asia, including
Korea.in Europe continues
Aprilinstitutions.
2009, 16-year
month’s Winter Olympic Games in
If that happens, the
stock marimmigration
wing.
Meanwhile,
a
No.Korea.
I don’tThe
know
the mania
We are seeing thislow
across industries. They Gundlach:
Wick:
Much potential
of the price
gain in from
bitcoinU.S.
has tax cuts.”
to offset
stimulus
South
twowhen
countries
also
White
I
turned
negative
on
the
Nasdaq
have
confidence in technology. Bitcoin rep- will end.
been propelled by South Korea and Japan. ket will go down.”federal judge blocked the
agreed
to
resume
military
talks.
Jeffrey GundlachHouse from ending the Dreamers
resents people who have more confidence in on Sept. 30, 1999. You would have thought
Korea’s Kosdaq index is going vertical.
Where’s the greenback heading?
For personal Do not edit or alter. Reproductions not permitted.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or
+ 507.32
BBA
ARRRRO
ON
N’’SS
29
13
Preview
low $30 billion
of Treasuries, more or less,
to mature into the market each month.
There is a chance—I’d call it a base case—
that the rhetoric and actions of the ECB
will have to become more hawkish, given
economic growth in Europe. That means the
ECB might start to pull back on quantitative easing. Central-bank balance sheets
could start to decline, in the aggregate,
sometime during 2018. If that happens, the
stock market will go down. Quantitative eas- the next couple of moves in this chess game.
ing, cumulatively, has been highly correlated Last year, I said the 10-year Treasury yield
to the gains in the S&P 500 and global stock would move up toward 3% again. It got as
markets. Central-bank footings, or assets, high as 2.64%, and then bonds rallied. The
Do any of you own bitcoin?
went from $6 trillion pre-financial-crisis to yield fell to 2.02% intraday, but is rising
Gabelli: We traded it just to see what it is
$22 trillion subsequently. Bankers are talk- again. There is a chance that interest rates
all about. We paid $6,228 and sold at the
ing about bringing that down to $16 trillion will break out to the upside on the long end.
same price, just paying a commission to the
or $17 trillion. Maybe it drops more quickly. I’m not predicting it; I let the market do the
brokerage, Coinbase. I lecture at various
It is undeniable that central-bank asset buy- talking. If current levels hold, things will be
copacetic. But if these yield levels break,
universities. This is what the students want
ing has been a prop for the markets.
to talk about: blockchain, cryptocurrency,
Today, the markets are exuberant. The the base in yields is enormous.
and bitcoin. They don’t want to talk about
momentum is great. It would be difficult to
stocks.
say today is the top, and momentum could Meaning what, exactly?
Gold for Korean Stocks
take stocks higher. But I believe equity Gundlach: If the 30-year bond yield breaks
Is there
a
way
to
invest
in
the
underlying
information about coming
markets will roll over later this year and convincingly above 3%, that would be a masblockchain
economictechnology?
reports–and
sive break in the chart. It would mean
close the year down.
“I am optimistic about the U.S.
what theyWe
mean–go
something big has changed. You would then
Ellenbogen:
invest to
in foundational tech- economy. I expect real GDP
Do you expect a brief pullback, after which
Barrons.com’s
freestage. We cannot find a
expect a 200-basis-point move to the upside.
nologies
at an early
the rally reignites?
Economic
Calendar.
Interest rates fell for 30 years. They have
public
company
currently using blockchain to grow by 3% this year.”
to lower its cost of sales or improve its rela- Mario Gabelli
Gundlach: I don’t know. Let’s worry about been basing for 10 years. There is a coiledspring aspect to rates. You want to be
tionship with customers, although several
Monday
focused on these levels in the bond market.
are
testing it.
The United Kingdom releases DecemNational Association of Home Builders
ber
inflation
data.
January
housing
market
index
is
reI have also said for months that the new
Cohen:
You
are
seeing
some
applications
in
Markets are closed in the U.S. in obleased.
tax
package isn’t bond-friendly. We are lookfinancial
and
medical
research.
servanceservices
of Martin
Luther
King
Day. Any
Kazakhstan President Nursultan Nazing at trillions of dollars of bond supply in
company that has to deal with huge blocks
arbayev
visits
with
President
Donald
Moody’s
presents
teleconference
about
Dave
Entertainment,
the next few years. The net supply of soverof
data&isBuster’s
experimenting
with it.among
But I agree
Trump at the White House.
the sovereign-debt outlook for the euro
others,
participates
in
the
Not only will eign
the world
to know
Southworld
Koreawas
a litbondsget
in the
developed
negwith Henry that it is hardJefferies
to find a public
area.
Winter Summit.
January
Empire
State
manufacturing
tle
better
during
the
Winter
Olympics
starting
on
Feb.
ative for the past few years, due to quantiway to invest in it.
index is released.
Israeli Prime Minister Benjamin Netantativebut
easing.
It isn’t
going
be negative
9 in Pyeongchang,
investors
could
get to
a little
more
Now
that
we’ve
probed
the
mysteries
of
yahu visits India.
this year,
and next
thefillip:
corporate
Canadian Foreign Minister Chrystia
comfortable with
the country.
Anyear
added
signs bond
of
bitcoin, let’s get back to the stock market.
Thursday
market
will
join
the
party.
We
are
trained
Freeland
and
U.S.
Secretary
of
State
easing
tensions
between
North
and
South
Korea,
which
Several
airlines
begin 2017’s
banningpowerful
“smart” rally.
No
one here
foresaw
Rex Tillerson co-host a foreign minisPavlov’s
dog to
think
that longrival,
bonds
Bank of New York Mellon, BB&T,
will welcome alike
small
contingent
from
its northern
luggage with nonremovable
Nonetheless,
we’ll give you lithium-ion
another
ters meeting in Vancouver to discuss
are the
place to be when a recession hits.
American Express, and Webster Fibatteries.
The
move
was
spearheaded
including
teenage
cheerleaders.
chance.
security and stability in Korea.
But what if the next recession leads to an
nancial report results.
by American Airlines and the InterSome investors have already discovered South Koexplosion of bond supply? There will be no
Schafer:
Warren
Buffett
once wrote
national Air
Transport
Association
to in his
Chicago Fed President Charles Evans
rea’s possibilities as demonstrated by its benchmark inJanuary housing starts are released;
place to hide. We are in uncharted waters.
annual
thefires.
only value of stock
reduce letter
risk of that
battery
speaks at the American Council of Life
they are expected to fall to 1.27 million
dex’s 23% return
in 2017.
But, atrates
8.5 times
year’s
Negative
interest
havethis
never
been
forecasters is to make fortune tellers look
Insurers executive roundtable in Palm
units from December’s 1.30 million.
forecast
earnings
and
1.2
times
price-to-book,
South fisustained.
Central
banks
have
never
good.
That
said,
I
predict
the
stock
market
Beach, Fla.
Tuesday
Korea remains
the cheapest
Asia.
The
valua-are
Philadelphia Fed reports its manufacnanced
budget market
deficits,inand
now
things
will be higher by the end of the year than
Citigroup,
Comerica
,
and
Unitedturing
business
outlook
survey
for
tion
gap
has
grown
with
North
Korean
dictator
Kim
moving the other way. We are putting
a lot
most people think.
Health Group report year-end results. Wednesday
January. Analysts look for a decline to
of faith
in and
the Seoul’s
central jailing
banks oftoformer
get this
Jong-un’s missile
tests,
Notwithstanding geopolitical risks, such Alcoa, Bank of America, and Charles
23.5 from the previously reported 27.9
exactly
right. and Lee Jae-yong, head of
Transocean shareholders vote on its
President Park
Geun-hye
as the threat of a North Korean nuclear Schwab announce results.
Witmer: Abby,
if the economy
grows by 4%
acquisition of Songa Offshore.
OPEC releases its monthly oil market
Samsung Electronics,
on corruption
charges.
attack?
this year
instead
of 2.7%,
what
doesmight
that do
Bank of Canada makes a rate decision,
report
Yet, a successful
staging
of the
Winter
games
tothe
thewhole
deficit?
Schafer: There are a lot of risks, from North
followed by a press conference by Govbe
just
what
peninsula
needs,
says
Manu
China releases gross domestic prodCohen: I don’t have a big enough envelope
Korea to the Middle East. Wealth inequality
ernor Stephen Poloz and senior deputy
Bhaskaran, director of research
ucts, industrial production, and retail
Coming
Earnings
governor Carolyn Wilkins.
to do the calculation. The economy could
and social unrest are also potential risks.
sales
data.
consultant Centennial Asia in
Day the tax cut benefit
Consensus
Year 99%?
grow by 4% in any given quarter, but that
Will
the bottom
Estimate
Ago
The Federal Reserve releases its Beige
Successful
Winter
Singapore.
If Seoul
and PyongLook for a decline in weekly unemploytype of growth typically
is sustained
in the
Yet,
despite perceived political risks, the
T
Book on U.S. economic conditions.
games
and
eased
yang
are
finally
ready
tonow,
startthe
ment
claims
to
250,000
says
MFR.
aftermath
of
a
recession.
Right
market
goes
up.
Comerica (4Q)
$1.21 $0.92
tensions could
World Economic Forum releases its
talking with
and the
economy doesn’t
haveeach
a lotother
of slack.
Also,
Gabelli:
At the end of 2016,
the market
Adtran (4Q)
–0.04
0.16 exprompt
an
upgrade
2018
Global
Risks
Report
in
London.
Kinder
Morgan
(4Q)
0.18
0.18
U.S.,
the
local
bourse
is
Friday
you had that kind of growth in the likely
1960s, a
ploded upward on the premise that Donald
for Seoul’s stock
Bank Of The
Ozarks (4Q) victory
0.75would
0.72 mean
time of significant
growth.
Now,
Trump’s
presidential
to benefitpopulation
from a rerating.
CorDecember industrial production data is
Kansas City Southern, Schlumberger,
Citigroup (4Q)
1.19 1.14
market.
three-quarters
of
our
population
growth
less regulation and business-bashing. Capiannounced.
porate
earnings
in
South
Korea
and SunTrust Banks announce results.
More Earnings on Page M36.
comes
fromand
immigration,
and
the governtalism was again at center stage. After that
grew over 50%
last year
are expected
to grow
14%
Deadline, again. U.S. government shutment is talking about cutting that back.
run-up, we anticipated a slowdown.
this year.
down begins if Congress fails to pass a
Consensus
could
get stronger
growthSefrom
Ellenbogen:
But Estimate
we started last year with
ChangwonMaybe
Chung,we
head
of research
for Nomura
funding bill. One issue: immigration.
productivity
gains,
or
capital
spending,
or
global
growth.
In
addition
to
the
U.S.,
Day Time
Consensus Est
Last Period
curities in Seoul, expects the KOSPI index to rise
an infrastructure bill, or investments in
Europe
and
improving.
A preliminary reading of the January
9:15 Japan
Decemberwere
Industrial
Production
0.3%
0.2%
W
nearly 20% to 3,000 by year end with tech and financial
9:15 December
77.3%
77.1%
worker training, but it won’t happen in the
Cohen: That’s
right,Capacity
and Utilization
the growth has
Michigan sentiment index is released,
stocks leading.
The term.
coldest, snowiest winter in Korean
8:30 December
Housing Startsearnings and
1,278,000
1,297,000
possibly showing the first rise in three
short
been
Corporate
TH sustainable.
history
bodes
well
for
ASSIFgrowth
SHAMEEN
months.
Priest: Youstocks.
can pull real—GDP
forcash
haveJanuary
beenMichigan
stronger
than
10:00
Sentiment
- p expected,
97.0
95.9
F flow
ward,
as
the
tax
law
does.
It
is
going
to
pull
and
rates
inflation
havep-Preliminary;
been r-Revised
Unlessinterest
otherwise indicated,
timesand
are Eastern.
a-Advanced; f-Final;
Source: FactSet
Vice President Mike Pence travels to
FOR MORE INFORMATION
coming
economic reports - and what they mean - go to Barron’s
demand into 2018 and 2019. But 4% real
subdued
for longerabout
than
expected.
the
Middle
East.
Online’s free Economic Calendar at www.barrons.com
GDPTeitelman
growth is and
a stretch.
Gundlach: But now the Fed is starting to alEdited by Robert
Teresa Vozzo
that was a great time to short, but the Nasdaq went up about 80% from there to the
March 2000 peak. It sank the next year.
Now that the tax bill has passed, is an
infrastructure bill next?
two weeks. It will be a powerful stimulus to
certain sectors of the economy, including
Dow Industrials
inland waterways, the railroad industry, surface transportation, and avionics—even airport construction.
January
January 15,
15, 2018
2018
For more
This Week: Preview
Friday 19 Congress once again confronts a
deadline to pass a funding bill to keep the
government running. One impediment: immigration.
The Olympic Thaw
15
18
16
17
Comeback
19
Elias Stein for Barron’s
12
28
14
BARRON’S
January 15, 2018
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of free trades.
But you know better.
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for two years
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January 15, 2018
BARRON’S
15
Vivendi, which owns Universal Music, will cash in
on the streaming boom. Shares could rise 50% or more.
Watch Spotify’s IPO—
And Buy This Instead
by Jack Hough
based music-streaming service that’s planning an unusual debut on the New York
Stock Exchange. But savvy investors
should look to Paris, home of Vivendi, a
holding company for media businesses.
That’s because the popularity of Spotify,
and streaming in general, is making music
rights more valuable. Vivendi’s biggest
moneymaker, Universal Music Group, is the
world’s top rights-holder for music, representing acts such as the Beatles, Katy
Perry, and Kanye West.
The economics of owning rights and
charging royalties are, unsurprisingly, more
favorable than those of paying royalties
and collecting subscriptions. Spotify loses
money for now. Universal is quite profitable. Spotify is reportedly planning to list
its shares for public trading as soon as
March, bypassing investment banks and
the costly process that companies typically
go through to raise money.
If Spotify, which isn’t yet profitable, will
soon be worth $20 billion, as some investors
predict, Universal should be valued at more
than $40 billion, argues JPMorgan analyst
Daniel Kerven in a recent report.
What’s remarkable about that estimate
is that Vivendi (ticker: VIV.France) recently
had a stock market value of 30.3 billion eu-
Vivendi (VIV.France)
Weekly close on Jan.12
€28
24
20
16
’14
12
’16
’18
Source: Bloomberg
The Bottom Line
Vivendi, with a hand in music, TV, and
videogames, is valued at $37 billion. Its
music holdings alone could be worth more
than $40 billion, thanks to streaming.
ros, or $36.9 billion.
“You pay for Universal Music, and you
get everything else for free,” says David
Marcus, whose Evermore Global Value
fund (EVGBX) ranks among the top onefifth of peers for five-year performance, according to Morningstar, and counts Vivendi
as a top-five holding.
Marcus says he viewed Vivendi as a
value trap for years, but warmed to it after
2012, when French industrialist Vincent
Bolloré sold TV assets to Vivendi in exchange for shares, which he kept.
Music Industry Revenues
1999-2030E
Bolloré is perhaps not as well-known in
the U.S. as he should be. Over the past 20
years, his Bolloré SA (BOL.France) has
multiplied investors’ money 22 times, compared with six times for Warren Buffett’s
Berkshire Hathaway (BRK.A). Today,
Vincent Bolloré controls Vivendi via a minority stake and a French law that gives
long-term investors enhanced voting power.
“He has brought rational thinking to Vivendi,” says Marcus.
He has also brought controversy. Under
Bolloré, Vivendi sold assets, including telecoms in France, Morocco, and Brazil, and
videogame company Activision Blizzard
(ATVI). It invested some of the proceeds in
Telecom Italia (TIT.Italy); videogame concerns Gameloft and Ubisoft Entertainment (UBI.France); and Havas, an advertising outfit. Analysts call Bolloré SA one of
the most complicated business structures
they’ve seen, designed to protect family
control. Children of Vincent Bolloré run
key businesses.
The Havas deal raised eyebrows, because Vincent Bolloré was its chairman at
the time, meaning he was, in a sense, both
seller and buyer. And why does Vivendi
need an advertiser? Bolloré says Havas can
help monetize the company’s intellectual
property in marketing campaigns; beyond
music, Vivendi owns Canal+ Group, a film
and television studio whose characters include Paddington Bear. Time will tell. In
the near term, the opportunity at Vivendi
could be large enough to make ignoring
some of the warts worthwhile.
Other
Subscriptions
Downloads
Physical
$60
Estimated
50
40
30
20
10
0
’99 ’01 ’03 ’05 ’07 ’09 ’11 ’13 ’15 ’17 ’19 ’21 ’23 ’25 ’27 ’29
Full Stream Ahead
Source: J.P. Morgan estimates
The music business is headed for a growth spurt, as more listeners sign up for subscription
services such as Spotify. That's good news for rights owners like Vivendi, controlled by French
industrialist Vincent Bolloré (left).
In a typical music subscription costing
$10 a month, $5 to $6 goes to the record label, which pays $1 to $2 to the artist; $3 to
$3.50 goes to the retailer, like Spotify or
streaming services from Apple (AAPL) and
Amazon.com (AMZN); and $1 to $1.50
goes to the publisher, who pays 50 cents to
$1 to the songwriter. Universal controls
20% of publishing, second only to Sony
(SNE), and 33% of recorded music, ahead
of Sony and Time Warner (TWX).
Spotify hopes to become profitable as
its scale expands. It will have to compete
with tech giants that might be willing to
sacrifice margins to expand their digital
ecosystems. Universal will benefit from
worldwide competition for new streamers.
This year, JPMorgan’s Kerven estimates,
the division will bring in €5.95 billion in revenue and €868 million in earnings before interest, taxes, depreciation and amortization. In 10 years, he projects revenue of
€13.4 billion and Ebitda of €3.89 billion.
That’s more than triple the Ebitda all of Vi-
vendi produced last year.
Valuing Vivendi is complicated because
some of its assets produce little or no income. Its shares trade at 24 times the 2018
earnings consensus. Many analysts use a
sum-of-the-parts analysis, rather than a
price/earnings comparison in forming price
targets.
JPM’s Kerven is a bit of an outlier, with
a target of €42, implying 76% upside from
a recent €23 and change. Evermore’s Marcus sees the stock moving “into the high
€30s,” and says a Universal spinoff is a possibility, but he hopes Vivendi keeps it.
Three more points to consider: First,
Universal collects more than one-third of
its revenue in the U.S., and so benefits
from the recent corporate tax cut. Second,
last month the Copyright Royalty Board in
the U.S. ruled Sirius XM Holdings (SIRI)
must pay more in royalties; Universal gets
a piece. Third, Vivendi stands to gain more
than just investor focus on streaming economics when Spotify goes public. It owns a
5% stake. From top: Michael Ochs Archive/Getty Images; Christophe Morin/IP3/Getty Images
For personal Do not edit or alter. Reproductions not permitted.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or
THE SPOTLIGHT IS ON SPOTIFY, A LONDON-
16
BARRON’S
January 15, 2018
The asset manager has been struggling with investment outflows. But the prospect
of a chunk of its $10 billion in cash going to shareholders is a reason to buy the stock.
Franklin Resources: It’s All About the Benjamins
by Andrew Bary
2014, while its earnings per share of $3.01 last
focus on the money going in and the money
year are below the record $3.79 in the fiscal
going out. But the chief allure of Franklin
year ended in September 2014. The stock is
Resources is the cash on hand.
about where it stood in 2007 and below a 2014
No other asset manager has anything close to
high of $58.
its hoard: a net cash position of $10.4 billion as
Much of the bad news appears to be priced
of Sept 30, or almost $19 a share. That’s 42% of
into the stock, however. It’s possible that Frankthe company’s recent share price of $44. And
lin may announce a special dividend of as much
about 90% is parked outside the U.S.
as $9 to $10 a share when it releases earnings
The new tax law means that Franklin (ticker:
for the December quarter on Jan. 30.
BEN) is likely to repatriate a significant amount
Franklin declined to comment about its plans
of that cash and may distribute a chunk of it to
ahead of the earning release. CEO Greg Johnshareholders. Franklin also owns real estate,
son said on the company’s earnings conference
including its headquarters in San Mateo, Calif.,
call in late October that the company could
that could be worth another $2 to $3 a share.
“bring back” as much as $6 billion of cash and
Its stock trades at around 14 times projected
investments. That’s more than $10 per share.
earnings of $3.08 a share for the company’s fiscal
New York tax expert Robert Willens estimates
year ending in September, which is in line with
that Franklin will have to pay a modest $1.1 bilother asset managers. But strip out the cash and
lion in taxes related to the repatriation of
investments while making a tax adjustment for
$9.1 billion of undistributed overseas earnings.
the overseas cash, and Franklin fetches an inexThe company is believed to have asked some
pensive nine times forward earnings.
big institutional holders what they would like to
“Excluding the cash, you’re paying less than
see the company do with any repatriated cash.
10 times earnings for a company with a high
Possibilities include a large stock buyback, a
return on equity, a great global distribution fran- Citizen of the World
special dividend, and a higher regular dividend.
chise, and a management team that has been Franklin’s popularity with foreign investors has aided its asset base.
Franklin has periodically paid special dividends,
disciplined in capital deployment,” says Eli
with the last in early 2015. KBW’s Lee says that
Mkt
Net
Recent 52-Wk Value 2017E
2018E Cash/ Div
Rabinowich, a portfolio manager with Pzena InFranklin is likely to increase its regular diviCompany / Ticker
Price Change (bil)
EPS
EPS P/E Share Yield
vestment Management, a Franklin holder.
dend, now 92 cents annually, because it will be
In addition to a big return of capital, the bull Franklin Resources / BEN* $43.94 7.8% $24.3 $3.01** $3.08 14.3 $18.8 2.1%
able to access all of its foreign-sourced income
537.92 41.2
87.1 22.43 27.71 19.4 19.3 2.1
case for Franklin involves an end to a long BlackRock / BLK
under the new tax bill. If Franklin lifts its diviperiod of investment outflows and a resurgence Invesco / IVZ
dend payout ratio to 45%, in line with the peer
37.30 19.9
15.2 2.66
3.00 12.4 0.7 3.1
of value investing. That’s a lot to ask. The bulk T. Rowe Price Group / TROW 113.06 52.7
average, its dividend yield would exceed 3%,
27.4 5.32
6.66 17.0 16.7 2.0
of Franklin’s equity assets are value-oriented, *Fiscal year ends Sept. **Actual EPS; E=Estimate
compared with 2.1% now.
Sources: Bloomberg; company reports
including the Mutual and Templeton group of
Franklin’s attributes include one of the
funds that trailed benchmarks last year. Mark Mobius, 81, worse than most big peers’, with $24.2 billion of outflows better international franchises among its peers. Roughly
the longtime head of the Templeton emerging markets in the nine months ending in September and an estimated a third of its assets under management come from invesgroup, plans to retire at the end of January.
$5.7 billion in the December quarter, according to KBW tors outside the U.S., and flows from international invesSo Franklin amounts to a contrarian play. None of the analyst Robert Lee.
tors have been positive. The company has earmarked the
11 analysts who cover the company rate it a Buy, accordFranklin is seen as strategically disadvantaged bulk of its earnings for dividends and stock buybacks.
ing to Bloomberg. There are seven Holds and four Sells. because of its small presence in exchange-traded funds,
Franklin is viewed as more likely to buy another finanThe company’s investment flow trends have been with just $1 billion in ETF assets; a reliance on the highly cial firm than to sell its own operations, given its control by
competitive brokerage channel; and a lack of a major the founding Johnson family and a sizable market value of
retirement-oriented business like that of rival T. Rowe $24 billion. Two sons of Franklin founder Rupert Johnson
The Bottom Line Franklin Resources (BEN - NYSE) Price Group (TROW). Franklin’s two largest mutual Sr., Charles Johnson, 85, and Rupert Johnson, 77, each conWeekly close on Jan. 11
funds, Franklin Income at $82 billion and Templeton trol about 19% of the shares. CEO Greg Johnson, 56, is
Cash represents
$60
Global Bond at $38 billion, have had uneven performance Charles’ son. There have been periodic rumors that Franksome 42% of
in recent years and suffered outflows last year.
lin would buy a growth-oriented equity manager to
50
Franklin Resources’
“The challenge for Franklin is turning around the diversify its platform. A potential target, Janus Capital, was
current share price
organic growth and flows,” Lee says. “That, more than purchased by Britain’s Henderson Group last year.
of $44. Its real
40
anything, has been holding back the stock.” He has a
While a major acquisition or sale of the company
estate could be
Market
Perform
rating
and
$46
price
target.
seems
unlikely, Franklin offers investors an inexpensive
worth another
30
Franklin’s
total
assets
under
management
of
$754
bilplay
on
better performance and flows, along with the
$2 to $3 a share.
’18
’13 ’14 ’15
’16 ’17
lion are down 18% from a peak of $922 billion in August industry’s best balance sheet. Source: Bloomberg
Glenn Harvey for Barron’s
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To reprint or license content, please contact Barron's reprints department at 800-843-0008 or
WITH ASSET MANAGERS, WALL STREET TENDS TO
January 15, 2018
BARRON’S
TREAT EVERY MILESTONE
LIKE A STEPPING STONE
Because successful investing begins with ambition.
Achievement only comes when you reach for it. That’s why we search the globe
for the companies continually pushing towards the next success. For 70 years,
we’ve empowered ambitious investors to embrace opportunity.
For personal Do not edit or alter. Reproductions not permitted.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or
Discover more at franklintempleton.com/reachforbetter
All investments involve risks, including possible loss of principal.
Investors should carefully consider a fund’s investment goals, risks, charges and expenses before investing. To obtain a Franklin Templeton fund summary prospectus and/or
prospectus that contains this and other information, call 1-800-342-5236. Investors should read the prospectus carefully before investing.
© 2017 Franklin Templeton Distributors, Inc. All rights reserved.
17
18
BARRON’S
January 15, 2018
Last year’s bullish calls from Barron’s didn’t keep pace with the surging
indexes. Our bearish picks, however, hit the mark.
Looking to Improve on 2017’s Picks
We missed out on some of the fun at 2017’s stock market
party. Stocks we picked to outperform the market ended
up trailing their benchmarks, on average.
It wasn’t by much, but certainly enough to notice. The
stocks we recommended were up 8.1% from the date of
publication to the end of the year. The benchmarks
against which we gauge picks rose 10%, on average, in
the same stretch. Taking dividends into account, our picks
climbed 9.6% versus 11.1% for the benchmarks. The Standard & Poor’s 500 index, including dividends, rose 11.8%
in the comparable period.
On the, well, positive side, we consistently panned
stocks at the right time. For the third year in a row, our
bearish calls performed worse than their benchmarks. In
fact, they also fell in absolute terms. On a total-return basis, they slid 1.9%, even as their benchmarks rose 10%.
Readers keep us honest with letters, comments, and
tweets, but we also keep tabs by tracking our picks every
six months in the magazine, and in real time at
Barrons.com. Large-cap stocks are measured against the
S&P 500, mid-caps against the S&P Midcap 400, and
small-caps against the Russell 2000.
There are some exceptions and caveats. The Scorecard
that starts below includes company-specific articles, but
not stories analyzing several companies or entire industries. And when we publish follow-ups to pieces that urge
readers to sell or cover, we lock in the profit or loss up to
that date.
So what happened last year? We missed a few of the
biggest trends in the market, and were often oriented
toward value stocks—those Wall Street may have left
behind—rather than the growth and momentum stocks
that led the market. Technology and health care were
the best performers in the S&P 500 in 2017. We caught
some of those trends, turning bullish on Amazon.com
(ticker: AMZN) in May. And we made smart calls on
health care, too, suggesting insurer Anthem (ANTM) in
January and drug company Abbott Laboratories (ABT)
in February.
Our best pick last year was SolarEdge Technologies
(SEDG), an Israeli company that makes components for
solar-power systems. The stock nearly tripled as solar investments jumped in some parts of the world.
Sarepta Therapeautics (SRPT) also had a banner
year, returning 71%, on positive news about its muscular
dystrophy drug, including more acceptance by insurers.
Caterpillar (CAT) made like a butterfly, soaring 56% after our bullish May call.
But there weren’t enough of those gems.
Dogs like Under Armour (UAA) and General Electric (GE) hampered performance. Under Armour suffered
as sportswear sales continued to slump in North America
and Adidas (ADS.Germany) stole more market share in
sneakers.
In November, we advised investors to cut their losses
and sell, after the company posted its first quarterly loss
in more than a decade. And GE has had a months-long
meltdown that a new CEO is trying to reverse. Diebold
Nixdorf (DBD), which makes ATM machines among
other products, also defied our predictions of a rebound.
We had more success on the negative side. Barron’s
warned Peabody Energy investors in January that they
would probably leave bankruptcy court with empty pock-
ets. And the stock did indeed zero out in the restructuring. Medical device-maker Glaukos (GKOS) had been
shooting higher on the success of its glaucoma treatment
before our April story warned that its shares were richly
valued and competition was coming. Since then, it’s
plunged 50%.
And Snap (SNAP) snapped in the wrong direction after its stock-market debut; Facebook (FB) keeps eating
its lunch, and taking Instagram pictures of that lunch.
Our prediction that the share price would be cut in half
came almost exactly true, as the stock fell to $14.61 by the
end of the year from $27.09 before the story appeared.
Less successful was our negative call on food-delivery
service Grubhub (GRUB), whose partnership with Yelp
(YELP) helped nourish a 109% return for the stock.
Our 2018 vow: Get to the party on time or get out before it ends.
2017 REVIEW: Barron’s stock picks last year returned 9.6%–trailing their benchmarks’ 11.1% rise. Our bearish recommendations dropped 1.9%, versus their benchmarks’ 10% rise.
BULLISH 2017
Company / Ticker
John Tomac for Barron’s
For personal Do not edit or alter. Reproductions not permitted.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or
by Avi Salzman
2017
Pub Date
PRICE
Pre-Story
12/29/17
TOTAL RETURN
Stock Benchmark
Company / Ticker
2017
Pub Date
PRICE
Pre-Story
12/29/17
TOTAL RETURN
Stock Benchmark
SolarEdge Technologies / SEDG
3/27
$13.70
$37.55
174.1%
14.5%
SVB Financial Group / SIVB
3/27
$177.94
$233.77
Sarepta Therapeutics / SRPT
4/24
32.61
55.64
70.6
11.9
PICO Holdings / PICO
3/13
13.60
12.80
29.2
31.4%
15.8%
13.7
Caterpillar / CAT
5/1
102.26
157.58
56.1
13.7
KKR / KKR
1/9
16.73
21.06
29.9
19.7
Gardner Denver Holdings / GDI
8/21
21.97
33.93
54.4
11.0
Heico / HEI.A
7/3
Anthem / ANTM
Linamar 1 / LNR.Canada
1/30
153.35
225.01
48.8
18.7
Alphabet / GOOGL
1/23
62.05
79.05
27.5
11.4
828.17
1053.40
27.2
20.0
4/17
54.50
73.21
43.3
14.4
Global Payments / GPN
Jones Lang LaSalle / JLL
4/10
105.13
148.93
42.4
12.7
PNC Financial Services Group / PNC
2/27
78.97
100.24
27.0
14.8
1/2
116.96
144.29
26.0
21.8
Nathan’s Famous / NATH
9/4
56.95
75.50
41.4
9.1
Wal-Mart Stores / WMT
10/9
79.00
98.75
25.7
5.3
Texas Instruments / TXN
7/3
76.93
104.44
37.2
11.4
Amazon.com / AMZN
5/8
934.15
1169.47
25.2
12.9
Air Lease / AL
5/15
35.61
48.09
35.8
11.7
Adient / ADNT
2/20
64.01
78.70
24.2
11.1
Magna International / MGA
1/30
42.76
56.67
35.7
18.7
Accenture / ACN
6/5
125.74
153.09
22.8
10.8
Abbott Laboratories / ABT
Volkswagen 1 / VOW3.Germany
2/13
42.74
57.07
35.4
17.5
PayPal Holdings / PYPL
8/28
59.97
73.62
22.8
10.2
8/14
127.50
166.45
32.8
10.3
Welbilt / WBT
3/20
19.25
23.51
22.1
11.1
January 15, 2018
BULLISH 2017 (cont’d)
Company / Ticker
2017
Pub Date
PRICE
Pre-Story
12/29/17
19
TOTAL RETURN
Stock Benchmark
Company / Ticker
2017
Pub Date
PRICE
Pre-Story
12/29/17
TOTAL RETURN
Stock Benchmark
Berkshire Hathaway / BRK.A
5/22
$244.9K
$297.6K
21.5%
13.6%
Western Digital / WDC
12/25
$80.68
$79.53
-0.8%
-0.3%
Medical Properties Trust / MPW
3/13
12.20
13.78
21.5
12.5
Oaktree Capital Group / OAK
2/13
45.70
42.10
-0.9
17.5
Voya Financial / VOYA
8/7
40.90
49.47
21.0
8.8
Oracle / ORCL
9/25
48.16
47.28
-1.4
7.4
NextEra Energy / NEE
5/1
133.56
156.19
19.2
13.7
Salesforce.com / CRM
12/4
103.83
102.23
-1.5
1.3
Lam Research / LRCX
6/12
157.78
184.07
17.3
11.1
Sony / SNE
11/13
46.22
44.95
-2.8
3.8
Orion Engineered Carbons / OEC
7/17
22.25
25.60
17.1
8.1
Apple / AAPL
12/25
175.01
169.23
-3.3
-0.3
Blackstone Group / BX
3/13
28.94
32.02
17.0
14.5
Cognizant Technology Solutions / CTSH
10/9
73.80
71.02
-3.6
5.3
Ford Motor / F
5/29
10.93
12.49
17.0
12.0
Seritage Growth Properties / SRG
4/24
42.86
40.46
-3.9
11.9
Carlyle Group / CG
9/11
20.15
22.90
16.4
9.3
Apache / APA
7/10
45.11
42.22
-5.3
11.3
Tribune Media / TRCO
3/6
37.35
42.47
16.4
10.7
OceanFirst Financial / OCFC
5/8
28.10
26.25
-5.5
10.9
10.8
US Foods Holding / USFD
1/2
27.48
31.93
16.2
21.8
Time Warner / TWX
6/5
99.18
91.47
-7.0
Analog Devices / ADI
5/15
78.63
89.03
14.9
13.2
Brinker International / EAT
2/6
43.93
38.84
-8.3
13.0
Lowe’s Cos. / LOW
4/3
82.21
92.94
14.7
14.9
O’Reilly Automotive / ORLY
4/24
265.36
240.54
-9.4
15.4
General Motors / GM
2/20
37.22
40.99
14.7
15.7
Advance Auto Parts / AAP
7/31
110.21
99.69
-9.4
9.1
Honeywell International / HON
7/31
136.79
153.36
13.1
9.1
Patterson Cos. / PDCO
1/23
40.84
36.13
-9.6
20.0
Verizon Communications / VZ
11/27
47.01
52.93
12.6
2.9
Whirlpool / WHR
7/17
192.29
168.64
-11.2
9.7
International Paper / IP
5/29
52.42
57.94
12.3
12.0
NCR / NCR
6/26
38.64
33.99
-12.0
9.9
Yum China Holdings / YUMC
8/28
35.75
40.02
12.2
10.2
LiLAC Group / LILAK
10/2
23.30
19.89
-14.6
6.2
Delta Air Lines / DAL
8/7
50.61
56.00
11.9
8.8
13.0
Bristol-Myers Squibb / BMY
7/3
55.72
61.28
11.4
11.4
Citigroup / C
7/31
67.43
74.41
11.3
Tapestry / TPR
10/23
40.35
44.23
Axalta Coating Systems / AXTA
2/27
29.38
32.36
Altaba / AABA
9/11
63.58
69.85
9.9
9.3
Vistra Energy / VST
2/6
16.70
18.32
9.7
Starbucks / SBUX
For personal Do not edit or alter. Reproductions not permitted.
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BARRON’S
Advanced Micro Devices / AMD
2/6
12.24
10.28
-16.0
Macy’s / M
2/13
31.99
25.19
-16.5
17.5
9.1
Edgewell Personal Care / EPC
5/1
71.49
59.39
-16.9
10.9
10.5
4.2
GameStop / GME
1/23
23.58
17.95
-18.2
15.1
10.1
14.8
Transocean / RIG
2/27
13.75
10.68
-22.3
14.8
Houghton Mifflin Harcourt / HMHC
5/15
12.50
9.30
-25.6
11.7
13.0
Viacom / VIAB
3/27
43.06
30.81
-27.1
15.8
Grupo Televisa / TV
2/27
26.44
18.67
-29.0
14.8
Revlon / REV
1/16
32.15
21.80
-32.2
13.4
Range Resources / RRC
3/6
27.34
17.06
-37.3
14.0
8/21
53.15
57.43
9.6
11.0
Target / TGT
10/30
60.26
65.25
9.3
4.0
Syntel / SYNT
1/30
21.09
22.99
9.0
13.4
Enterprise Products Partners / EPD
10/30
24.80
26.51
8.6
4.0
Diebold Nixdorf / DBD
6/12
26.80
16.35
-38.3
9.1
Lockheed Martin / LMT
8/21
299.20
321.05
8.6
11.0
6/19
29.00
17.45
-38.6
11.0
Energy Transfer Partners / ETP
12/4
16.53
17.92
8.4
1.3
General Electric / GE
Under Armour 2 / UAA
4/3
19.78
11.61
-41.3
Novartis / NVS
5/8
77.82
83.96
7.9
12.9
10.8
11.1
AVERAGE
9.6
1 Prices in local currency, returns in U.S. dollars. 2 Barron’s said take losses 11/6/17.
Flex / FLEX
7/24
16.74
17.99
7.5
9.1
JD.com / JD
10/16
38.72
41.42
7.0
5.2
Cullen/Frost Bankers / CFR
9/18
89.10
94.65
6.9
8.9
Vornado Realty Trust / VNO
8/28
74.70
78.18
5.5
10.2
SL Green Realty / SLG
8/28
97.85
100.93
4.8
10.2
Peabody Energy 1 / BTUUQ
1/16
$4.92
$0
Norwegian Cruise Line Holdings / NCLH
3/13
51.10
53.25
4.2
14.5
Glaukos / GKOS
4/10
51.50
25.65
Dominion Energy / D
10/16
78.62
81.06
4.1
5.2
Snap / SNAP
3/6
27.09
1/9
116.45
119.77
3.9
19.7
AquaVenture Holdings / WAAS
1/2
24.53
Alaska Air Group / ALK
12/18
70.83
73.51
3.8
0.0
Chipotle Mexican Grill / CMG
2/6
404.08
Caesars Entertainment / CZR
10/23
12.20
12.65
3.7
4.2
MBIA / MBI
12/11
4/17
79.01
81.43
3.5
14.4
Harley-Davidson / HOG
2/27
Ball / BLL
3/13
36.87
37.85
3.5
14.5
Hess / HES
2/20
Medtronic / MDT
8/28
79.06
80.75
3.3
10.2
Motorola Solutions / MSI
8/21
International Business Machines / IBM
11/20
148.97
153.42
3.0
3.9
Energy Transfer Equity / ETE
6/5
38.87
38.88
2.6
10.8
CarMax / KMX
Expedia / EXPE
Wabtec / WAB
AT&T / T
Xerox / XRX
BEARISH 2017
Company / Ticker
2017
Pub Date
PRICE
Pre-Story
12/29/17
TOTAL RETURN
Stock Benchmark
-100.0%
0.1%
-50.2
13.6
14.61
-46.0
14.0
15.52
-36.7
14.6
289.03
-28.5
18.6
8.08
7.32
-9.4
1.0
56.56
50.88
-8.1
14.8
51.75
47.47
-6.3
15.7
87.37
90.34
4.6
11.0
12/4
16.42
17.26
5.1
1.3
4/3
59.22
64.13
8.3
14.9
Netflix / NFLX
8/14
171.40
191.96
12.0
10.3
RH / RH
10/9
76.46
86.21
12.8
2.0
Six Flags Entertainment / SIX
9/25
58.96
66.57
14.0
7.9
62.55
20.2
9.3
10.8
3/6
29.44
29.15
2.3
14.0
Mondelez International / MDLZ
11/27
42.15
42.80
2.1
2.9
International Game Technology / IGT
2/13
26.96
26.51
2.0
17.5
Leucadia National / LUK
7/24
26.45
26.49
0.9
9.1
Nike / NKE
9/11
52.20
China Mobile / CHL
10/9
50.13
50.54
0.8
5.3
Exchange Income 2/ EIF.Canada
6/26
32.35
35.64
21.0
Assurant / AIZ
6/26
101.25
100.84
0.7
10.8
Twitter / TWTR
7/31
16.75
24.01
43.3
9.1
DowDuPont / DWDP
10/23
71.18
71.22
0.6
4.2
Grubhub / GRUB
3/20
34.33
71.80
109.2
11.1
Hanesbrands / HBI
4/17
21.26
20.91
0.5
16.4
-1.9
10.0
Intel / INTC
11/6
46.34
46.16
0.2
3.7
AVERAGE
1 On 4/3/17 company emerged from bankruptcy and restructured. 2 Prices in local currency, returns in U.S. dollars.
20
BARRON’S
*
January 15, 2018
BARRON’S
T H E 2 0 1 8 R O U N D T A B L E / PA R T 1
Barron’s: Last year was a perfect year for
investors in many ways. Will the good times
keep rolling in 2018?
OF CHEER
Abby Joseph Cohen: Yes, and no. Yes, because the
economic fundamentals are good. One of the reasons 2017 was a good year for the markets was because the economy accelerated globally. There are
signs of sustainable growth everywhere; the momentum will continue for a while. U.S. gross domestic product is likely to be lifted somewhat this
year because of the tax cut. It should benefit economic growth beginning early in the year; we’ll
find out together whether the impact is lasting.
The new tax law also will foul up first-quarter
earnings announcements, as companies in many
different industries will be affected by changes in
the accounting for deferred tax liabilities. Beyond
that, we’ll get a better sense of what U.S. companies do with the money they repatriate from overseas. If the funds are used for long-term investment and capital spending, that could stand us in
good stead for the future.
But I worry that this tax cut is happening at a
time when the U.S. economy doesn’t need fiscal
stimulus. And longer term, what will tax cuts do to
the federal deficit? The deficit was going to be rising as a percentage of GDP anyway, partly for
structural reasons relating to the aging of the baby
boomers. A $1.5 trillion tax cut will add an additional $300 billion to $400 billion interest-rate burden in the next few years.
Global growth and rising profits could keep the bull market humming.
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THE MEMBERS OF BARRON’S 2018 ROUNDTABLE
arrived at our annual gathering in a jolly
mood. And why not? U.S. stocks returned
an impressive 20% last year, and are off to
the races again this year, propelled by expectations of good economic growth and robust corporate earnings.
Our panelists, who spent Jan. 8 talking
with the editors of Barron’s at the Harvard
Club of New York, generally expect more of
the same in the months ahead—more gains
for equities, large-cap and small, as the
global economy enjoys the most coordinated
level of growth since the Eisenhower administration, notes Epoch’s William Priest.
Few things these days, on Wall Street and
Photographs by Jeremy Liebman
elsewhere, merit that comparison.
Helping the economy and profits, say our
investment experts, is a spanking-new tax
law that will lower corporate rates and encourage companies to repatriate cash that
had been sitting overseas, including in enterprises established expressly to hide the
dough from the tax man. No more; as the
money flows home, expect fresh investment
stateside; more mergers and acquisitions;
and, yes, more dividend payments and stock
buybacks to fatten investors’ wallets.
Not everything is rosy, of course. Our
resident bond maven, Jeffrey Gundlach, is
keeping a wary eye on Treasury yields,
which have been creeping higher in recent
months. If yields continue to rise—a distinct
possibility as the economy strengthens and
the Federal Reserve moves to tighten
credit—all bets could be off for stocks. Or,
as Roundtable newcomer Paul Wick put it,
if rates go up, “the discounting mechanism
is going to take a chain saw” to stocks with
extravagant valuations. Ouch.
Our panelists also worry about a potential resurgence of inflation and credittightening on a global scale. They question
the future of bitcoin, but not the blockchain
technology that underlies it. And they extol
the transformative power of technology
across industries and markets.
This year’s heavy focus on tech is a re-
flection, in part, of our Faang-driven market, led by the likes of Facebook (ticker:
FB), Apple (AAPL), Amazon.com (AMZN),
and other platform technology companies. It
probably also relates to the Roundtable’s
newest additions. Wick, a Silicon Valleybased portfolio manager at Columbia
Threadneedle Investments, is lead manager
of the $6.2-billion-in-assets Columbia Seligman Communications & Information fund
(SLMCX), and an expert in semiconductor
stocks. Henry Ellenbogen helms the $20 billion-plus T. Rowe Price New Horizons fund
(PRNHX), which invests in public companies and private start-ups, and returned a
whopping 31.5% last year. Morningstar an-
Scott Black
Abby Joseph Cohen
Henry Ellenbogen
Mario Gabelli
Jeffrey Gundlach
William Priest
Oscar Schafer
Founder and president
Advisory director
and senior investment
strategist
Portfolio manager,
New Horizons fund
Chairman and CEO
CEO and
chief investment officer
CEO and co-chief
investment officer
Chairman
Goldman Sachs
Chief investment officer,
U.S. Equity Growth
Rye, N.Y.
DoubleLine Capital
Epoch Investment
Partners
New York
New York
T. Rowe Price
Delphi Management
Boston
Baltimore
Gamco Investors
Los Angeles
New York
Rivulet Capital
21
nounced on Thursday that Ellenbogen is a candidate
for its 2017 U.S. Fund Manager of the Year award.
In this week’s Roundtable installment, we relate
the panel’s big-picture discussion. In next week’s
issue, we’ll follow up, in print and at Barrons.com,
with the panelists’ specific investment picks for the
new year.
ANOTHER YEAR
By Lauren R. Rublin
*
What is Goldman’s GDP forecast for this year?
Cohen: We expect U.S. GDP to grow by 2.7%, about
half a percentage point higher than it would have
been without the tax changes. We are also positive
on the rest of the world. Europe’s improvement is
sustainable. China’s growth will be a little slower
“The Fed has been worried
about inflation for many years,
but it isn’t here. I see animal
spirits taking hold.”
Oscar Schafer
Paul Wick
Meryl Witmer
Portfolio manager,
Seligman Tech. Fund Team
General partner
Columbia Threadneedle
Investments
New York
Boston
Eagle Capital Partners
Illustrations:
Melinda Josie for Barron’s
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22
this year, partly due to regulatory
changes, including a stronger emphasis on
pollution control. But that will tamp down
economic activity only temporarily.
Jeffrey Gundlach: Abby has touched on
one of the most important points—the sustainability of economic growth. We can’t
find a recession anywhere. You never get
a recession without the Index of Leading
Economic Indicators falling below zero. In
the U.S., it is up 5%-plus, year over year,
and the trends look to be persistent. The
soft data, including the Purchasing Managers’ Index and measures of CEO and
small-business confidence, are all at high
levels. These types of sentiment indicators
fall off a cliff in front of a recession.
One of the better indicators of a recession is a widening spread between junkbond and Treasury yields. The spread has
widened a little, but nowhere near the 100to 200-basis-point type of widening you’d
typically see. [A basis point is a hundredth
of a percentage point.] Junk bonds usually
are highly correlated in performance to
the Standard & Poor’s 500 index. In 2016,
both did about the same. Last year, however, junk bonds were basically unchanged
in price, while the S&P 500 rose about
20%. There wasn’t a lot of demand for
junk, given low yields. In essence, we leveraged up the equity market, the bottom
part of the capital structure, which is a bit
disconcerting. The reemergence of the
Goldilocks economy and market is somewhat reminiscent of 1998-99. The market
is priced for a lot of good things to happen. The S&P 500 looks to be entering an
acceleration phase this year.
Where are interest rates headed?
Gundlach: Let’s look to the dollar. One of
the biggest mistakes investors made last
year was assuming the dollar would
strengthen because the Federal Reserve
would raise rates and Europe would
remain committed to quantitative easing.
Yet the dollar was weak. Most investors
don’t understand that it isn’t the nearterm move of the Fed that affects the currency. That is priced into the market. The
value of the dollar correlates to what the
Fed will do in the next 18 months. The
market doesn’t believe the Fed will raise
“If we see an uptick in inflation
and interest rates, it could be
negative for long-duration
technology stocks.”
Paul Wick
BARRON’S
January 15, 2018
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January 15, 2018
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23
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24
rates much in 2019. In fact, the bond market
believes it is more likely that the European
Central Bank will hike rates by a small
amount.
What do you believe?
Gundlach: I tend to believe the market.
Mario Gabelli: In English, what are you say-
ing? Will the Fed hike rates in 2018?
Gundlach: I expect the Fed to hike twice in
2018. Long rates in the U.S.—yields on the
10-year and 30-year Treasury—are near extraordinarily critical junctions. The 10-year
yield has already broken above its long-term
downtrend line, at around 2.5% to 2.6%, but
not terribly convincingly. The 30-year hasn’t
broken above its downtrend line, at about
3%, although it is close.
Everything hinges, Mario, on the ECB.
Will 10-year German Bunds continue to yield
BARRON’S
just 40 basis points? I have a hard time believing so, because the economic data in Europe have improved greatly. Nominal GDP
in Europe isn’t that different from nominal
GDP in the U.S. Nor is inflation. European
manufacturing is doing well, and retail sales
in Europe are probably better than here.
What I find puzzling is that interest rates
are negative on short-term bonds in Europe
and the ECB is spending 30 billion euros
[$36.6 billion] a month on quantitative easing
[buying assets to lower interest rates and
stimulate economic growth] while we are
hiking rates. A lot of bonds will be coming
up for sale here in the next year.
Gabelli: The benefits of the tax cut will be
powerful psychologically, as well as economically. Do you buy that?
Gundlach: Yes, but the narrative might
evolve as we move toward the third or
fourth quarter to concern about the deficit,
which Abby touched on. According to some
estimates, the U.S. will collect $280 billion
less than expected in tax revenue. At the
same time, defense spending is increasing;
there might be an infrastructure buildout,
and we have off-balance-sheet items like
student loans. We potentially could be looking at a $1.2 trillion deficit soon, while the
Fed is dumping $600 billion of bonds.
Nobody wants to call it quantitative tightening. They want to call it normalization, or
balance-sheet runoff, but it is quantitative
tightening. Come 2019, a tremendous number of corporate bonds will also mature. The
supply of bonds coming into the market
makes it likely that the downtrends in 30year and 10-year bond yields don’t last. The
narrative could start to become problematic
for the bond market.
January 15, 2018
The two-year Treasury yield is higher today than the dividend yield on the S&P 500.
Eighteen months ago, one argument for
stocks was that they yielded more than the
10-year Treasury. Well, now they yield less
than the two-year Treasury.
Cohen: There are structural reasons why
the VIX [Cboe Volatility Index] has stayed
so low. They relate to the role of exchangetraded funds and other passive investment
strategies. But the primary reason is
complacency.
Gundlach: People are extrapolating the past.
Cohen: I agree that we need to focus on
what comes next—and what comes next is
concern about the debt, rising interest
rates, and the Fed moving in one direction
while fiscal policy is going in the other
direction.
William Priest: Let me give you another per-
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January 15, 2018
spective on the VIX. From 2012 to 2016, the
MSCI World Index was up 87%. Some 74
percentage points of the gain came from
price/earnings ratio expansion. The balance
came from the sum of dividends and earnings growth. Driving everything was quantitative easing. QE is now over in the U.S.
and is starting to end in Europe. That will
result, I bet, in a higher VIX. When a single
factor so dominates returns to the extent
ongoing QE did, volatility stays low. When
that dominating factor starts to fade, volatility could increase.
This year, we are going to have synchronized global growth. We haven’t had such a
low standard deviation of GDP growth
among this many countries since the
Eisenhower years. It is amazing. Growth is
everywhere.
Only two things drive GDP: growth in
the workforce and growth in productivity.
Workforce growth is happening, but demographics are destiny, and the global population isn’t growing much, except in Africa
and parts of Asia. As for productivity, we
don’t measure it well. The biggest thing
happening today is the growing impact of
technology. It is affecting profit margins, asset turnover, and leverage. Tech is the new
macro. If you can substitute technology for
labor, margins go up. If you can substitute
technology for bricks and mortar, sales per
dollar of assets go up. If you don’t need assets, you might not need to keep as much
equity in the business as in the past. Thus,
payout ratios can go up, via both dividends
and stock buybacks. If you don’t have a
capital-light model embedded in your business strategy, you are going to be left behind. Models based on bits will destroy
models based solely on atoms.
Economic growth will be decent this
year. I don’t expect the rate on the long
bond [the 30-year Treasury] to go up that
much without higher inflation being embedded in wages. The dollar remains the
world’s reserve currency, and fiscally we can
live with bigger deficits for now.
Henry Ellenbogen: I agree with Bill on technology. If we double-click on it, it has three
major impacts. Since 2010, the Faang stocks
[Facebook, Apple, Amazon.com, Netflix
“After Amazon bought
Whole Foods, retail stocks
fell dramatically. Then they
rebounded. When high-quality
companies sell off, investors
can take advantage of that.”
Meryl Witmer
BARRON’S
[NFLX)], and Google parent Alphabet
[GOOGL] have contributed 20% of the S&P
500’s aggregate revenue growth. Exclude
health-care inflation and it is closer to 30%.
There is a reason why five of the top seven
equities in the world are those of the dominant platform technology companies—plus
the two in China [Alibaba Group Holding
(BABA) and Tencent (0700.HK)]. They have
an impact far beyond their own robust
growth.
First, these global platforms have massive deflationary power. Normally, if we
were talking about global growth, we
would discuss the likelihood of inflation
getting out of control. Instead, the Amazon
effect on pricing is deflationary in consumer products and enterprise technology.
Second, social media and Google foster
global information transparency. Then
there is the dispersion of technological
change across multiple industries—not only
in media but retail, transportation, hospitality, financial services, and more. Amazon’s purchase of Whole Foods Market in
2017 will reorder local commerce. From
food to food delivery to car purchases to local commercial real estate, everything is
being affected by global platforms with
deflationary power.
These platforms reward small and nimble
businesses. Increasingly, when we spend
time with private companies, we see companies with fewer than 20 people get to
$100 million of sales in less than six quarters,
with less money that you could open one
store in downtown Washington, D.C., or
Greenwich, Conn., or Palo Alto. They are basically eliminating the middle man and going
straight to the consumer, not only in consumer businesses but in business-to-business.
Regarding the tax bill, I agree with
Abby that capital will come back to the U.S.
But the second derivative is even more
important.
The second derivative?
Ellenbogen: In the past 10 years, American
companies made an inordinate effort to
think about how to move people or structures outside the U.S. for nonproductive
purposes—basically, to increase earnings
per share. By moving toward a territorial
system of taxation and bringing our corporate tax rate in line with the rest of the
world’s, we can get back to having managers focus on productive investments, greater
efficiency, and value creation. This will unlock the strength of America and drive GDP
growth. Simply, the absence of a major negative is a positive. This is a generational
change. While inflation potentially is a fear
for the stock market, you have to be positive on the S&P 500, even though we are
102 months into an expansion.
25
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BARRON’S
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Gundlach: What you say about the defla-
tionary impact of tech is corroborated by
the dispersion in inflation statistics. The
goods component of the consumer price index has been negative, year over year, for
about four or five years. The service piece
has been running at 3%-plus for years.
Ellenbogen: Let’s examine that. In the
1970s, a Harvard Business School case
study examined how Wal-Mart Stores’
[WMT] and others’ reinvention of the American supply chain helped quell inflation. Amazon has a financial model that allows it to
make $1 to $2 of EBIT [earnings before interest and taxes] per box shipped. It is rolling into other industries, including B-to-B.
It is going after companies that have made
$150 per box shipped. Amazon is taking the
mentality of scale pricing into every business I speak with. The Amazon effect is
making companies in every industry think
more about efficiency.
Gabelli: Going back to taxes, does anybody
else agree that the tax law has changed the
mind-set of corporate CEOs with regard to
where to locate businesses?
Paul Wick: Something Henry said resonated
with me. In the past, companies with tons of
offshore cash, like Cisco Systems [CSCO],
made foreign acquisitions with that cash
that looked awful in hindsight—Cisco’s purchase of Tandberg, for instance.
Ellenbogen: Or Hewlett-Packard buying
Autonomy.
Cohen: I don’t disagree that a lot of time
and energy went into thinking about where
to position things for tax purposes alone.
But keep in mind that U.S. companies also
have customers and supply chains that involve other countries. The statutory corporate tax rate has been 35%. The effective
federal tax rate for the S&P 500 was 26%.
The decline that will occur is still substantial at five percentage points, but the tax
rate isn’t falling from 35% to 21%.
Meryl Witmer: It depends on the company.
Here’s an anecdote to illustrate Henry’s
point. One company we were talking to paid
taxes in the U.S. only. They had come up
with a plan to build a warehouse in Europe
and move product over there, where it
didn’t really need to be. As long as the inventory sat there for X amount of time, they
could pay taxes at a lower rate on the profit
generated when they sold the goods. Then
Trump got elected and the company
stepped back from this plan. Those are the
kinds of things that went on.
Priest: The effective tax rate for most companies has been between 26% and 28%.
With the new 21% rate, FDI [foreign direct
investment] will rise in the U.S. Wages
might be pushed up some, but the deflationary impact of technology is unbelievably
powerful. The best book on this subject is
January 15, 2018
economics I studied.
Isn’t the deflationary impact the very thing
that caused people to start asking more
questions about technology? Especially
in Europe, some big tech companies are
facing regulatory pushback.
Ellenbogen: To me, potential regulation of
these dominant tech platforms is one of
the two big nongeopolitical risks the market is facing. The largest tech companies
are growing about 20% a year. That is
amazing, because megacaps normally don’t
grow faster than the S&P 500. They usually grow substantially slower. In 2017, the
European Union levied a record antitrust
fine against Google. Facebook came under
scrutiny over Russian ads allegedly aimed
at influencing the election. There is increased local sensitivity to Amazon buying
Whole Foods. I would even argue that Amazon’s public search for a second headquarters is a statement about the company’s concern. It is also possible that
shares fall because these companies start
competing with one another or their
growth rates slow. If that happens, people
will worry about inflation reigniting.
Is inflation the other big risk you see?
Ellenbogen: Yes. There are structural argu-
Machine Platform Crowd: Harnessing Our
Digital Future, by Andrew McAfee and
Erik Brynjolfsson at MIT. You will want to
own platform companies. They will dominate
any industry. The deflationary effects from
technology are one reason that the long
bond rate has not gone up a lot so far.
Ellenbogen: This is happening at a time
when what we call the millennial psycho-
“The biggest thing happening
today is the growing impact of
technology. It is affecting profit
margins, asset turnover, and
leverage. Tech is the new macro.”
William Priest
graphic has spilled over into everything—
into how consumers make decisions and
workers think about their own security.
These platform companies have created a
global consumer base. It is disruptive and
deflationary for companies that historically
were either national or regional. In addition,
the consumer is much more consistent
around the globe. If you get something that
works in one area of the country, it is much
more likely to work in another. Or something that works in the U.S. is more likely
to work in Europe.
Millennials have more trust in reviews
and transparency of information than
brands. There is a growing psychological
awareness of how technology can displace
jobs. That is why, even though unemployment is near 4%, the pressure to raise
wages isn’t what it should be, based on the
ments for inflation to be lower, but cyclical
reasons for it to be strong. There is another
issue related to technology. Uber and Lyft
collectively have about 1.3 million drivers in
the U.S., and are on the way to being the
largest “employer” in the nation. Within two
years, more people will work for these two
platforms than Walmart, currently the largest U.S. employer. You can make about $17
an hour driving for Uber or Lyft. If you
own a store or a restaurant and pay hourly
wages, you’re not focused on an increase in
the minimum wage. You’re focused on the
Uber effect.
Gundlach: When I started out in this business, the yield on long-term Treasuries was
about 14%, and the U.S. inflation rate was
below 4% and falling. I tell my younger
employees: Isn’t it hard to believe that 30odd years ago, there was a 14% return to
be had, pension plans were assuming a 9%
return, and inflation was 4% and falling?
You could have locked in a 10% real rate of
return. I have a theory that several years
or maybe a decade from now, we will be
talking about the exact opposite: Can you
believe the German Bund yielded 40 basis
points when inflation was in an uptrend
moving toward 2%, pension plans were buying bonds yielding 2.5% when their actuarial assumptions were 7.5%, and people believed that inflation would never return?
A number of indicators are already baked
in, without this bond-unfriendly tax cut, to
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January 15, 2018
suggest that inflation may be heading
higher. The Fed’s underlying inflation gauge
has climbed to a 3% year-over-year rate.
Other things suggest a new paradigm is developing. It is a real risk to the bond market.
Ellenbogen: But unless inflation is embedded in wages, it isn’t sticky enough.
Gundlach: You are starting to see it. Some
wage gauges show inflation up 3.5%. Also,
if a reduction in corporate taxes leads companies to move business activity back to
the U.S., won’t that cause a bit of a bump
in inflation?
Cohen: That is a possibility.
Scott Black: I am going to take issue with
that. Energy, utilities, consumer staples,
financials, and metals all benefit from the
U.S. tax decline. Lower corporate taxes are
going to add about $10 to this year’s
S&P 500 earnings. My initial estimate is
$134. After the tax cut, it is $144. Some projections put repatriated funds at around
$600 billion. It won’t all be reinvested in capital expenditures. Also, as Paul knows, many
U.S tech companies have an effective tax
holiday in Singapore and Malaysia, where
they pay nominal rates of zero to 4%. They
aren’t going to relocate factories here if they
are getting a tax holiday in Asia. I don’t see
a windfall to GDP from this tax bill. I might
be cynical, but a lot of the money will go toward more executive compensation.
Gabelli: Stop! Under the new tax law, companies will get a tax deduction on $1 million
of CEO compensation from any source. Previously, performance-based compensation
wasn’t included. You are going to see a total
revamp in how executives are compensated.
Black: OK, the money will go toward more
dividend payments and stock buybacks.
Cohen: Shifting research-and-development
activity out of the U.S. was partly taxrelated. But a contributing factor has been
changes or threatened changes to U.S. immigration policy. At one point, 65% to 70% of
all Ph.D. candidates in science and engineering at U.S. universities were non-U.S. citizens. Most wanted to stay here and couldn’t.
Their numbers have fallen dramatically. We
are still training these people, but they are
leaving for their home countries and other
locations where U.S. multinationals have set
up research-and-development centers.
Gabelli: Having covered the auto-parts industry for 50 years, I am seeing more companies announce that they are going to relocate to the U.S. And the U.S. is a magnet
not only for American, but also for foreign
companies locating here because the U.S. is
a big market.
Ellenbogen: Just looking at S&P 500 earnings underestimates what this tax bill
means. As soon as the private companies we
see get to $100 million in revenue or prepare for going public, they spend time cre-
BARRON’S
ating headquarters in Luxemburg or Ireland. I am not going to name them here, but
they are recipients of the advice typically
given at this stage of development. There is
no reason for a 300-person intellectualproperty company based in Silicon Valley or
Boston or Seattle to open a five-person office in Ireland. They can’t manage it properly, and overseeing it isn’t a good use of
“I worry that this tax cut is
happening at a time when the
U.S. economy doesn’t need
fiscal stimulus. And longer
term, what will tax cuts do to
the federal deficit?”
Abby Joseph Cohen
management’s time.
Second, there are 21 million small businesses in America. Almost none are public.
Many are partnerships, and now they might
choose to become C corporations as the new
rules on partnership taxation are complex.
Now, with some simple state-tax assumptions, a corporation will wind up with a tax
rate of 23% to 25%, including state taxes.
Later, I will talk about a couple of potential
platform companies that will benefit from
the vitality of small businesses.
We look forward to that.
Wick: Henry talked about the deflationary
impact of tech, but we are starting to see inflation in the semiconductor industry. It
used to cost very little for semiconductor
makers to shrink process nodes from 45 to
35 nanometers. But that move has run out
of gas. The slowdown in Moore’s Law is definitely upon us. The industry has had to do
27
double-patterning [a lithography process]
since it got to the 25 nanometer node, and
quad patterning as it moved to 18 nanometers. The number of processing steps has
gone way up, and memory pricing is going
up. That never used to happen. You are also
seeing inflation in logic-transistor prices,
such as ethernet switch chips from companies such as Broadcom [AVGO]. They now
go for $1,000 or more, up from around $700.
The trend bears watching in the tech industry. Phones are starting to get more expensive. They have a lot more content than in
the past.
If we see an uptick in inflation and interest rates, it could be negative for longduration technology stocks—software-as-aservice companies, and others like Netflix
and Tesla [TSLA], where investors expect
a pot of gold at the end of the rainbow.
Tesla will be cash-flow positive in 15 years?
If interest rates go up, the discounting
mechanism is going to take a chain saw to
the valuations of a lot of these companies.
Cohen: Will that apply not just to the industries you are discussing, but to all highgrowth industries?
Wick: It could, especially the ones that are
extravagantly valued.
Priest: Paul makes a good point. If rates go
up, long-duration assets will be negatively
affected. It is evident in the tech world and
the bond market, but it is also true in equities. Companies like Netflix and Tesla don’t
have earnings to speak of. They are essentially options. When rates go up in option
models, the present value of expectations
goes through the floor.
Getting back to the economy, Mario, what
are your assumptions for 2018?
Gabelli: Global GDP will be about $83 trillion
in 2018. The U.S. is about 25% of that, and
Europe is about 25%. China and Japan combined are more than 22%. The global economy is growing, but Mario Draghi [president of the European Central Bank] will
have to pull back the punch bowl at some
point, much as we are doing here [through
Fed rate hikes]. At some point, the ECB and
the Bank of Japan will do the same.
I am optimistic about the U.S. economy.
I expect real GDP [adjusted for inflation] to
grow by 3%. Many companies I speak with
have been paying an effective cash tax rate
of 35%. Lower tax rates will drive growth.
The U.S. consumer will have gross assets of
about $117 trillion at year end, and debt of
about $17 trillion, of which two areas are
troublesome: car loans and student debt.
Outstanding car loans will result in a significant slowdown in the growth of car sales.
Student loans are a major social problem.
We talked about rising wages. I see it,
too. Also, higher heating bills this winter
28
BARRON’S
January 15, 2018
will have a short-term impact on consumer
spending, but could have a bigger psychological impact. We haven’t talked yet about
the new rules allowing full expensing of certain capital investments, effective on
Sept. 27, 2017. In the last week of December,
even used planes were being bought.
Now that the tax bill has passed, is an
infrastructure bill next?
Gabelli: It could be announced in the next
two weeks. It will be a powerful stimulus to
certain sectors of the economy, including
inland waterways, the railroad industry, surface transportation, and avionics—even airport construction.
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Oscar, you’ve been too quiet. What is your
outlook for 2018?
Oscar Schafer: One thing that worries me,
not only here but generally, is the narrow
dispersion of people’s GDP estimates for the
year, and everyone’s bullishness. I don’t
have a specific number, but I expect the
economy to grow faster than most people
think. I expect companies to bring cash
back to the U.S., which will help to fuel
growth. Inflation is less than people think.
Even health-care costs aren’t rising as much
as in the past. The Fed has been worried
about inflation for many years, but it isn’t
here. I see animal spirits taking hold. Corporations are starting to spend money.
Gabelli: If you think animal spirits are here,
do you want my bitcoin?
Gundlach: When bond futures were first
listed, the yield on the long bond was
around 8%. Six weeks later, it was 11%, and
a year later, 13%. When uranium futures
were listed, uranium had been in an unbelievable bull market. The price hasn’t been
close to the bull-market high since. Now
that bitcoin futures have been listed, the
price has come down. The pattern seems to
be holding.
Gundlach: Which is another sign of global
growth acceleration.
Are any of you believers in the long-term
viability of bitcoin and cryptocurrencies
generally?
Perhaps that’s why the futures were listed.
Priest: Money is the combined effects of
Gundlach: It wasn’t a coincidence.
Ellenbogen: I got more questions over the
three variables. It is a medium of exchange, a unit of account, and a store of
value. Bitcoin is a medium of exchange for
those who want to play outside the system
of fiat currencies. It can be dangerous,
depending on the price when you buy and
holidays about bitcoin than the stock market. The ratio was at least 10-to-1. Bitcoin
searches are consistently in the top 10 of
Google searches. Interestingly, given the
strength of the bull market, initial public offerings were constrained in 2017, and have
been constrained for a while. We aren’t seeing the classic signs of speculation in the
public markets. We are seeing them in more
exotic markets, like bitcoin.
Cohen: A good deal of the money flowing
into bitcoin isn’t coming from the U.S. It is
coming from East Asia, including Korea.
Wick: Much of the price gain in bitcoin has
been propelled by South Korea and Japan.
Korea’s Kosdaq index is going vertical.
“Central-bank balance sheets
could start to decline in the aggregate sometime during 2018.
If that happens, the stock market will go down.”
Jeffrey Gundlach
sell it. It is going to end in tears.
Black: It is backed by the full faith and
credit of air.
Cohen: You mean the full faith and credit of
electrons. Bear in mind that whatever happens to bitcoin, the underlying math and
data science are real. Whether you call it
blockchain or ledger systems, we are moving into the next generation of data systems. They are a lot faster than the systems
we used for the past 30 years. I am not giving a seal of approval to bitcoin, but pointing out that the math underlying cryptocurrencies will have many applications.
Black: The underlying technology has many
security applications. It is excellent for
encryption.
Ellenbogen: I have two things to say in bitcoin’s defense: Supply will be limited; only
21 million bitcoin can be “mined.” That’s a
powerful notion. Second, millennials don’t
have confidence in traditional institutions.
We are seeing this across industries. They
have confidence in technology. Bitcoin represents people who have more confidence in
technology and mathematics than the full
faith and credit of the United States. They
can understand the rules of the game.
Gold has survived as a store of value
through multiple wars and depressions.
While I don’t pretend to understand the intricacies of the gold market, gold has a relatively low discount rate because it has been
through many tests of its competitive moat.
Bitcoin hasn’t been through an economic crisis or wars. It has a high discount rate, but
people increasingly are putting lower discount rates on it.
Jeff, what is your view of the bitcoin
phenomenon?
Gundlach: It is a mania. A CryptoKitty
coin—it has an animated picture of a cat—
sold for $100,000, and is being reoffered for
$400,000.
You didn’t buy it?
Gundlach: No. I don’t know when the mania
will end. I turned negative on the Nasdaq
on Sept. 30, 1999. You would have thought
January 15, 2018
that was a great time to short, but the Nasdaq went up about 80% from there to the
March 2000 peak. It sank the next year.
Do any of you own bitcoin?
Gabelli: We traded it just to see what it is
all about. We paid $6,228 and sold at the
same price, just paying a commission to the
brokerage, Coinbase. I lecture at various
universities. This is what the students want
to talk about: blockchain, cryptocurrency,
and bitcoin. They don’t want to talk about
stocks.
Is there a way to invest in the underlying
blockchain technology?
Ellenbogen: We invest in foundational tech-
nologies at an early stage. We cannot find a
public company currently using blockchain
to lower its cost of sales or improve its relationship with customers, although several
are testing it.
Cohen: You are seeing some applications in
financial services and medical research. Any
company that has to deal with huge blocks
of data is experimenting with it. But I agree
with Henry that it is hard to find a public
way to invest in it.
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Now that we’ve probed the mysteries of
bitcoin, let’s get back to the stock market.
No one here foresaw 2017’s powerful rally.
Nonetheless, we’ll give you another
chance.
Schafer: Warren Buffett once wrote in his
annual letter that the only value of stock
forecasters is to make fortune tellers look
good. That said, I predict the stock market
will be higher by the end of the year than
most people think.
Notwithstanding geopolitical risks, such
as the threat of a North Korean nuclear
attack?
Schafer: There are a lot of risks, from North
Korea to the Middle East. Wealth inequality
and social unrest are also potential risks.
Will the tax cut benefit the bottom 99%?
Yet, despite perceived political risks, the
market goes up.
Gabelli: At the end of 2016, the market exploded upward on the premise that Donald
Trump’s presidential victory would mean
less regulation and business-bashing. Capitalism was again at center stage. After that
run-up, we anticipated a slowdown.
Ellenbogen: But we started last year with
global growth. In addition to the U.S.,
Europe and Japan were improving.
Cohen: That’s right, and the growth has
been sustainable. Corporate earnings and
cash flow have been stronger than expected,
and interest rates and inflation have been
subdued for longer than expected.
Gundlach: But now the Fed is starting to al-
BARRON’S
low $30 billion of Treasuries, more or less,
to mature into the market each month.
There is a chance—I’d call it a base case—
that the rhetoric and actions of the ECB
will have to become more hawkish, given
economic growth in Europe. That means the
ECB might start to pull back on quantitative easing. Central-bank balance sheets
could start to decline, in the aggregate,
sometime during 2018. If that happens, the
“I am optimistic about the U.S.
economy. I expect real GDP
to grow by 3% this year.”
Mario Gabelli
stock market will go down. Quantitative easing, cumulatively, has been highly correlated
to the gains in the S&P 500 and global stock
markets. Central-bank footings, or assets,
went from $6 trillion pre-financial-crisis to
$22 trillion subsequently. Bankers are talking about bringing that down to $16 trillion
or $17 trillion. Maybe it drops more quickly.
It is undeniable that central-bank asset buying has been a prop for the markets.
Today, the markets are exuberant. The
momentum is great. It would be difficult to
say today is the top, and momentum could
take stocks higher. But I believe equity
markets will roll over later this year and
close the year down.
Do you expect a brief pullback, after which
the rally reignites?
Gundlach: I don’t know. Let’s worry about
29
the next couple of moves in this chess game.
Last year, I said the 10-year Treasury yield
would move up toward 3% again. It got as
high as 2.64%, and then bonds rallied. The
yield fell to 2.02% intraday, but is rising
again. There is a chance that interest rates
will break out to the upside on the long end.
I’m not predicting it; I let the market do the
talking. If current levels hold, things will be
copacetic. But if these yield levels break,
the base in yields is enormous.
Meaning what, exactly?
Gundlach: If the 30-year bond yield breaks
convincingly above 3%, that would be a massive break in the chart. It would mean
something big has changed. You would then
expect a 200-basis-point move to the upside.
Interest rates fell for 30 years. They have
been basing for 10 years. There is a coiledspring aspect to rates. You want to be
focused on these levels in the bond market.
I have also said for months that the new
tax package isn’t bond-friendly. We are looking at trillions of dollars of bond supply in
the next few years. The net supply of sovereign bonds in the developed world was negative for the past few years, due to quantitative easing. It isn’t going to be negative
this year, and next year the corporate bond
market will join the party. We are trained
like Pavlov’s dog to think that long bonds
are the place to be when a recession hits.
But what if the next recession leads to an
explosion of bond supply? There will be no
place to hide. We are in uncharted waters.
Negative interest rates have never been
sustained. Central banks have never financed budget deficits, and now things are
moving the other way. We are putting a lot
of faith in the central banks to get this
exactly right.
Witmer: Abby, if the economy grows by 4%
this year instead of 2.7%, what does that do
to the deficit?
Cohen: I don’t have a big enough envelope
to do the calculation. The economy could
grow by 4% in any given quarter, but that
type of growth typically is sustained in the
aftermath of a recession. Right now, the
economy doesn’t have a lot of slack. Also,
you had that kind of growth in the 1960s, a
time of significant population growth. Now,
three-quarters of our population growth
comes from immigration, and the government is talking about cutting that back.
Maybe we could get stronger growth from
productivity gains, or capital spending, or
an infrastructure bill, or investments in
worker training, but it won’t happen in the
short term.
Priest: You can pull real GDP growth forward, as the tax law does. It is going to pull
demand into 2018 and 2019. But 4% real
GDP growth is a stretch.
30
BARRON’S
To circle back to Jeff’s comments, only
three things matter in determining total
return for stocks: corporate dividends,
earnings, and the change in the price/
earnings ratio. The S&P has a cash yield of
2%. You can pick your number for earnings; they will be up. But as the Fed goes
from QE to QT, the big issue is the P/E. A
backup in bond yields from 2.4% to 3%
might not sound like a lot, but it will have
a highly negative impact on P/Es. There is
a 20%-to-25% chance that the market will
be down by double digits this year.
companies has been cut in half since 2000.
The supply/demand ratio is positive. There is
a lot of money in private-equity funds. There
has been a lot of consolidation among public
companies, and that tends to be fairly positive for the companies left standing. We are
seeing higher profit margins, as a result, for
many U.S. technology companies. Whether
you are looking at disk drives or semiconductors or semiconductor capital equipment,
there are fewer companies to compete
against. Profit margins have been rising.
Because of repatriation stemming from
tax reform, companies like Oracle [ORCL],
Microsoft [MSFT], Cisco, and Lam Research [LRCX] are going to put more cash
to work on mergers and acquisitions, share
repurchases, delevering, and dividends. This
will be very positive for tech stocks. The
tech indexes could go up 10% to 15% this
year, barring some sort of geopolitical issue.
I don’t have a good feel for the S&P 500.
Gundlach: There are obvious positives that
can be enumerated. But the fact that we can
enumerate them means we know all about
them. What is the incremental information
that will drive positive momentum? What
isn’t priced into the market?
In that case, what would be your defensive
asset class?
Gundlach: I would use commodities, which
I will discuss later today. Nominal GDP is a
good cornerstone to think about where the
10-year Treasury yield is supposed to be. In
2016, when the 10-year bottomed at 1.32%,
nominal GDP was pretty weak. Inflation
was low and oil prices were down. It made
quasi-sense to have a 2%-ish 10-year yield.
Today, nominal GDP is at 5%. If it gets
above that—DoubleLine’s inflation model
says the CPI is going to go into 2.3%to-2.4% land—we could be looking at 6%
nominal GDP. If so, it seems hard to believe
the 10-year yield will stay around 2.4%.
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January 15, 2018
Does subdued IPO activity tell us anything
about where in the cycle equities might be?
Why is it still in the 2.4% range?
Ellenbogen: There are three things to con-
Gundlach: Some people argue that our rates
sider: This is the third-longest upcycle for
the U.S. stock market in 100 years. Yet the
public hasn’t jumped in with both feet. Look
at fund-flow data or the lack of excitement
around the IPO market. The energy has
gone into other markets, whether bitcoin or
private commercial real estate. Second, the
power of large platform companies is restraining the market’s excitement about
early-stage growth companies that might
have competed against them. E-commerce is
$500 billion, and grew between 15% and
16% in 2017. Yet Amazon probably accounted for a 60% share of incremental
growth. The dominant tech platforms are
consolidating share across new areas of innovation. The market is becoming increasingly concerned about their power. Third,
private capital markets have provided the
ability for companies to stay private longer.
And the public markets have demanded
more information from companies.
Gabelli: You’re speaking of Sarbanes-Oxley
section 302, which requires the CEO and
finance officers to certify that quarterly and
annual reports are accurate. It costs a lot of
time and money to be public.
Wick: Also, companies have stayed private
for longer, partly because mutual and hedge
funds are bidding up private-market valuations to unbelievable levels. Softbank Group
[9984.Japan] has pledged to spend $90 billion, investing in private start-ups.
are being held down by lack of competition.
Ten-year Japanese rates are near zero, and
German rates are 0.4%. If our economic reality isn’t dissimilar to Germany’s, and it
isn’t, maybe our rates should be the same.
German rates are pulling down our yield,
and nominal GDP is pulling it up. It isn’t a
coincidence that the 10-year yield is right in
the middle. Two things could go wrong.
German rates could go up, which has to
happen, and nominal GDP could rise.
Black: The stock market is trading at nosebleed valuations. The S&P 500 is trading for
19 times my 2018 earnings estimate of $144.
Based on the CAPE, or cyclically adjusted
P/E ratio [which measures the index’s price,
relative to average inflation-adjusted earnings for the past 10 years], the market
trades around 30 times earnings. The Russell 2000 index has a P/E of 26.5 times this
year’s estimated earnings. Homogeneously,
stocks are expensive. The offset is that
earnings are growing; the consensus estimate for this year is $145.79, implying a
15.2% gain from 2017 estimates.
Also, some $465 billion was invested last
year through Dec. 20 in U.S. exchangetraded funds. This is a self-fulfilling phenomenon. Most of the money is going into
the S&P 500 and pushing up Apple, Alphabet, and such. The market could keep rising
because investors are ebullient, earnings
growth is accelerating, and funds keep flowing into ETFs. The caveat, as Jeff notes, is
a potential backup in bond yields toward the
end of the year. If that happens, stocks
might sell off.
Yet, even though stocks are expensive,
the punch bowl is available for most of 2018.
“Energy, utilities, consumer staples, financials, and metals all
benefit from the U.S. tax decline. Lower corporate taxes are
going to add about $10 to this
year’s S&P 500 earnings.”
Scott Black
I wouldn’t be surprised to see the S&P 500
up another 8% to 12% on the year.
Gundlach: The U.S. market is expensive,
relative to other markets. Emerging markets had a great year, but their Shiller P/E
is roughly half that of the S&P 500. [Yale
professor Robert Shiller invented the
CAPE ratio, also known as the Shiller P/E.]
Cohen: The Shiller ratio has a bad track
record of forecasting market turns.
Wick: And Goldman Sachs talks about normalized valuations of semiconductor stocks.
That is rubbish.
You guys can thumb-wrestle later. Where
do you think the market is headed?
Wick: While interest rates might go up, they
don’t explain everything. I am sympathetic to
the arguments Scott made. One thing no one
has mentioned is that the number of public
January 15, 2018
Tintri [TNTR], for instance, was viewed
a few years ago as a hot memory/storage
technology company. Its last private round
of investments valued the company at
$785 million, or roughly $37 a share. The
stock went public at $10 and now trades
around $5, after missing two quarters’
numbers.
Ellenbogen: Tintri competes against the big
public cloud providers. As a public-market
investor, do you really want to own a storage provider, competing against Google,
Microsoft, and Amazon’s cloud?
Wick: Whether we’re talking about Snap
[SNAP] or Blue Apron Holdings [APRN]
or Tintri, companies are less likely to want
to go public because their prior venturecapital round put an excessive valuation on
the company. Also, late-stage private investors often impose onerous terms, dictating
that if a company goes public at a discount
to the last round in question, it would have
to make such investors whole. Those makewhole provisions often spell doom for
earlier-stage investors, who can get significantly diluted or wiped out.
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But back to the question: Can we have a
market top without a frothy IPO market?
Ellenbogen: Yes, because the froth could be
showing up in other places.
Cohen: In the 1990s, the froth showed up in
Asian markets.
Ellenbogen: I agree with Jeff: If everyone
is aware of something, it is probably factored into the market. I’m positive on the
market in 2018 because we are going to
have real earnings growth of around 8%.
We will get an additional 7% from tax reform. The question is whether the market
will hold its multiple.
There are three major risks. Will the
dominance of the technology platform companies continue? Yes. Will inflation resurface, beyond the deflationary impact of
these companies? The outlook is more
mixed. Third, companies’ tax benefits get
competed away over time because capitalism works. But I am still positive on the
power of the tax bill to unlock the energy
of business and lead to more-productive
growth.
“Bitcoin represents people who
have more confidence in technology and mathematics than
the full faith and credit of the
United States.”
Henry Ellenbogen
BARRON’S
31
32
BARRON’S
2017 ROUNDTABLE REPORT CARD
Members of the Barron’s Roundtable trade their positions and change their
investment opinions as market conditions change. For those keeping score,
here is how their 2017 picks performed through year end. The 2017 Midyear
Roundtable Report Card is available at Barrons.com.
Scott Black’s Picks
PRICE
Company / Ticker
1/6/17
12/29/17
D.R. Horton / DHI
$27.85
$51.07
Price
Change
Total
Return
Mario Gabelli’s Picks
Company / Ticker
1/6/17
12/29/17
Price
Change
Total
Return
Viacom / VIAB
$37.79
$30.81
–18.5%
–16.5%
40.00
62.61
56.5
56.5
Herc Holdings / HRI
CNH Industrial / CNHI
Fabrinet / FN
85.5%
36.19
28.70
–20.7
–20.7
104.96
120.67
15.0
15.9
Royal Dutch Shell / RDS.A
55.79
66.71
19.6
27.7
Freeport-McMoRan / FCX
14.90
18.96
27.2
27.2
Zimmer Biomet Holdings / ZBH
8.94
13.40
49.9
51.6
49.34
97.44
97.5
100.5
Davide Campari-Milano / CPR.Italy
€4.66
€6.45
38.5
39.5
PRICE
Company / Ticker
1/6/17
12/29/17
Eli Lilly / LLY
$75.67
$84.46
¥4,110.00
$68.20
Olympus / 7733.Japan
bluebird bio / BLUE
LG Chem / 051910.Korea
Intuit / INTU
Price
Change
Total
Return
11.6%
14.5%
¥4,320.00
5.1
5.8
$178.10
161.1
161.1
7.6
7.6
42.57
53.8
53.8
Mueller Water Products / MWA
13.35
12.53
–6.1
–4.9
Price
Change
Total
Return
Total Return in USD: CPR.IM=58.9%
Jeffrey Gundlach’s Picks
PRICE / YIELD
1/6/17
12/29/17
BUY
Putnam Premier Income Trust / PPT
PowerShares Senior Loan Portfolio / BKLN
$4.98/6.3% $5.33/5.9%
23.42/4.1
PRICE
Company / Ticker
1/6/17
13.6%
23.04/3.5
12/29/17
1.9
Price
Change
Total
Return
52.3
52.3
iShares MSCI India / INDA
27.11
36.07
33.1
34.6
35.0
36.1
WisdomTree Japan Hedged Equity / DXJ
51.19
59.33
15.9
18.8
11.10
9.30
–16.2
–16.2
CNY8.28
CNY8.70
5.1
6.2
€162.84
€161.68
$116.86
Total Return in USD: 7733.JP=9.8%; 051910.KS=70.6%; 000089.CH=13.1%
Meryl, do you have a market outlook?
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$22.22
27.68
$157.78
KRW266,000 KRW405,000
Houghton Mifflin Harcourt / HMHC
Shenzhen Airport / 000089.China
$20.65
Live Nation Entertainment / LYV
Investment / Ticker
Abby Joseph Cohen’s Picks
PRICE
National Beverage / FIZZ
Liberty Braves Group / BATRK
83.4%
January 15, 2018
Witmer: I don’t. But I expect a lot of sector
rotations, and investors can take advantage
of those. For example, after Amazon
bought Whole Foods, retail stocks fell dramatically. Then they rebounded. When
high-quality companies sell off, investors
can take advantage of that.
Gabelli: A good example is Walmart. The
day of the Whole Foods announcement, Walmart dropped from $79 to $73. But the company had already bought Jet.com, to help its
e-commerce efforts. In the past four
months, Walmart has rebounded to $99.
Another thing to consider this year are
the midterm elections; 33 Senate seats are
up for grabs, including about 25 held by
Democrats and eight held by Republicans.
If the House, Senate, and presidency are all
controlled by Republicans after the election,
will that lead to further changes in the tax
code, providing another boost to capitalism?
I expect the market to be flat to up 5%
for the year from here; stocks are already
up 3% year to date. Like Meryl, I believe
individual stocks will work well.
Cohen: If the economy stays strong, the
party in charge typically does well in midterm elections, losing only a few seats. But
some important things will happen before
the election. We believe the tax cuts will
mechanically add about five percentage
points of growth to the S&P 500 earnings
per share in 2018. On this basis, Goldman
has a year-end forecast of 2850 for the
index. We expect markets in China, India,
and Japan to continue to rise. Where are
the risks? At the top of my list, and others’, are rising interest rates. We have gotten so accustomed to low interest rates
that even small changes could be highly
disruptive, especially to individual investors who haven’t been buying equities.
They have been buying fixed-income assets since the financial crisis, and many
don’t understand the mathematics of what
happens to a bond price when yields go up.
Further, many don’t understand what
happens to the net asset values of bond
mutual funds. If bond funds lose value,
consumer confidence might suffer.
Gundlach: That is a good point, because
money has been flowing into corporate
bond funds at about double the prior record. Corporate debt-to-GDP is at a high
level. A lot of this money came into bond
funds in the past 20 months, and interest
rates have risen in that period. The return
on Treasury bonds since February 2016
has been zero. Investment-grade corporate
bonds are up by double-digits, leading the
SHORT
10-Yr. German Govt. Bund Future*
–0.7%
*March ’17 and March ’18 contracts
naive investor to think they have no interest-rate risk.
Cohen: The credit premium and term premium in bonds have been shrinking. There
is no margin for error, which is bad for bond
prices and leads me to also worry about equity valuations. The stock market has room
to rise from here, but valuations don’t provide much margin for error. If inflation and
interest rates go up a full percentage point
each, history says that P/E multiples would
go down three points, say from 18 to 15
times earnings. The current mechanistic
view of equity price targets assumes no P/E
multiple contraction or bond-market disruption. This may prove overly optimistic. We
have been assuming that earnings go up X
percent and the P/E stays the same, which
means stock prices can go up X. That might
not be the case.
I am also concerned about rising protectionism. One reason the U.S. economy has
done so well in the post–World War II
period is that we were at the helm of a
global economy that was expanding and creating wealth in many nations. Now, the U.S.
is stepping out of the discussions about the
Trans-Pacific Partnership. That will prove
to be an error. The TPP could help protect
us and other trade partners from China. In
addition, discussions about Nafta [the North
American Free Trade Agreement] are beginning in March. Now I will be provocative
and say that the new tax law, budget expenditures, and infrastructure proposals (hinted
at, but not yet released) all have an antiurban and anti-education bias.
Gabelli: They are anti-blue-state.
Cohen: Yes, but much of the economic
growth in the U.S. since the financial crisis
has been heavily concentrated in a few major metro areas. That isn’t surprising, as
economic growth typically is found in places
that have made a significant investment in
public education, infrastructure, and so on.
Millennials like to live near urban centers;
that’s where the job growth is. During the
recovery from the financial crisis, job increases were roughly eight to 10 percentage
points in major metropolitan areas, versus
only two or so percentage points in other
communities. Proposed changes in federal
expenditures suggest dramatic reductions in
support for basic research and higher education. That is problematic, because it could
affect the country’s long-term growth prospects. So, one concern is interest rates, another is protectionism, and a third is this
anti-urban, anti-education bias.
Are you also concerned that the prevalence of passive investment strategies
January 15, 2018
BARRON’S
33
Meryl Witmer’s Picks
William Priest’s Picks
Company / Ticker
1/6/17
12/29/17
Price
Change
Alphabet / GOOGL
$825.21
$1,053.40
27.7%
PRICE
Total
Return
12/29/17
Price
Change
Total
Return
680.50p
35.4%
36.7%
PRICE
Company / Ticker
1/6/17
27.7%
Dart Group / DTG.UK
502.50p
Applied Materials / AMAT
32.04
51.12
59.6
61.0
Linamar / LNR.Canada
C$60.50
C$73.21
21.0
21.9
Universal Display / OLED
57.50
172.65
200.3
200.6
Virtu Financial / VIRT
$16.50
$18.30
10.9
17.4
Hexcel / HXL
51.09
61.85
21.1
22.1
Cooper-Standard Holdings / CPS
106.74
122.50
14.8
14.8
1/6/17
12/29/17
Price
Change
Total
Return
Total Return in USD: DTG.UK=50.3%; LNR.CN=28.8%
Brian Rogers’ Picks
Felix Zulauf’s Picks
12/29/17
Price
Change
Total
Return
$31.52
$41.98
33.2%
36.9%
Company / Ticker
82.20
72.50
–11.8
–9.5
BUY
PRICE
Company / Ticker
1/6/17
Legg Mason / LM
CVS Health / CVS
PRICE
Casey’s General Stores / CASY
116.93
111.94
–4.3
–3.4
Vanguard Value / VTV*
$93.88
$96.56
2.9%
4.1%
Walt Disney / DIS
108.98
107.51
–1.3
0.2
iShares Russell 2000 / IWM*
135.69
140.92
3.9
4.2
59.95
61.28
2.2
4.3
Financial Select Sector SPDR / XLF*
23.54
24.67
4.8
5.6
WisdomTree Japan Hedged Equity / DXJ
51.19
59.33
15.9
18.8
€134.11
€136.14
162.84
161.68
Bristol-Myers Squibb / BMY
Oscar Schafer’s Picks
12/29/17
Price
Change
Total
Return
$36.35
$53.82
48.1%
48.1%
£2.78
£1.70
PRICE
Company / Ticker
Advisory Board / ABCO*
AA / AA.UK
Liberty Global / LBTYK
1/6/17
–38.9
–36.1
$32.10
$33.84
5.4
5.4
Interxion Holding / INXN
37.12
58.93
58.8
58.8
ANI Pharmaceuticals / ANIP
60.84
64.45
5.9
5.9
SHORT
10-Yr. Italian Govt. Bond Future**
10-Yr. German Govt. Bund Future**
1.5%
–0.7
*Pricing data through 6/30/17 to reflect recommendation to sell at mid-year; **March ‘17 and March ‘18 contracts
Source: Bloomberg
*Acquired by UnitedHealth Group on 11/17/17; Total Return in USD: AA.UK= –29.8%
For personal Do not edit or alter. Reproductions not permitted.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or
could exacerbate a market selloff?
Gundlach: Yes. The move into ETFs and
robo-advisors has been marked by momentum and herding activity. When the market
goes the other way, there will be herding
activity, as well.
Ellenbogen: After Trump was elected, global
markets weren’t positioned for Republicans
controlling all three branches of power in
the U.S. They weren’t prepared for the
country to enter a phase of lower taxes and
deregulation. After initially falling, markets
went long the U.S. The highest-beta way to
do that is to buy the Russell 2000 index,
because it is a pure play on U.S. companies
with high tax rates. Between Trump’s election and the end of 2016, the Russell 2000
rose 14%, and ETFs had net flows of 15% of
net assets, driving up the market. However,
small-caps not included in the index were
unchanged.
My fund, which is uncorrelated to the indexes, significantly lagged behind. I sold my
marginal companies that had significantly
underperformed and bought the companies
that didn’t participate in the rally. This all
reverted in the first quarter of 2017, as companies reported results.
This is an indication of the risk of ETFs
on the downside. It is much easier to source
supply into a market than to source demand.
In a market downturn, that will be exacerbated by ETF flows, quant funds that follow
momentum, and potentially the high-yield
market, which is correlated. The downturn
will be even more severe—until active managers in equity or new buyers are attracted
to the discounted prices. The discounts will
have to be wide to attract unnatural buyers.
Gundlach: Amen to that. When this big
bond supply comes into the market, where
will the buyer be? Show me the buyer. It
won’t be central banks, which will be selling, at least initially. Companies with repatriated cash aren’t going to be buying Treasury bonds. It won’t be the people who
piled in when rates were declining. Who
will buy?
Ellenbogen: Significant discounts are required to bring unnatural buyers into the
market.
Priest: If we are entering a world in which
P/E-multiple expansion shrinks, it will be a
very positive period for active management.
Security selection will matter greatly.
If rates rise and stocks fall, where should
an investor seek refuge?
Gabelli: It depends on the individual’s age,
but people who try to time the stock market
and sell never get back in at the right time.
I suggest buying Treasuries on a non-repo
[repurchase agreement] basis and moving to
Florida or another state without state and
local taxes.
You can call in from Florida next year.
Black: Buffett has long said that the U.S. is
the best place to invest because of its longterm secular growth. If you maintain equity
participation and screen out the short-term
swings, you can ride out the cycles.
Gabelli: You want to buy good companies
with pricing power at a reasonable price.
Gundlach: Are there no votes for cash?
There is nothing wrong with a two-year
Treasury. It is boring as can be, and yields
about 25-30 basis points less than a 10-year
bond. But it comes due in two years, and
you could reinvest the money.
Cohen: Let it be noted that the people
around this table are nodding their heads.
Noted. None of you have said much today
about emerging markets, which outperformed the U.S. significantly last year.
Do these markets still offer value?
Cohen: Absolutely. China will have slightly
lower GDP growth this year, as discussed,
but long-term growth will exceed 6% a
year. You have to pick stocks carefully
there. The growth of the Chinese middle
class offers interesting opportunities. India
also looks interesting, but many Indian
stocks look fully valued. The Korean market is undervalued.
Gundlach: Emerging markets have done
well, but don’t lose sight of the forest for
the trees. Overall, these markets are cheap,
and fundamentals are good. If you compare
the percentage of global GDP that emerging
markets represent to the market capitalization of emerging markets relative to the
global market cap, you’ll see that they were
the same for years. They started to diverge
sharply in 2011 because of quantitative easing, a strong dollar, and weak commodity
prices. The gap became quite large but
started to close recently. These markets
stopped underperforming. They aren’t value
traps any more.
If you were lucky and got into emerging
markets at the end of 2015, stay with them.
The next big move in the dollar is down,
which removes one of the primary risks to
emerging markets. I’ve been a huge India
bull for years; I recommended an Indian fund
last year [iShares MSCI India (INDA)]. It
did well. I am not recommending it now, but
I wouldn’t sell it because, as Mario says, you
might not get back in at the right time.
Thanks, Jeff, and everyone. Time for lunch!
34
BARRON’S
Tech Trader
Fending Off a Hostile Attack, Qualcomm Tries Offense
by Tiernan Ray
told Barron’s. Until recently, some of Qualcomm’s offerings weren’t up
laser, and there are smaller ones, like better screens on to snuff. Qualcomm initially tried to use similar CMOS technology to
the latest smartphones. But even small things can play make RF parts that it used for its main chips. Ordinary silicon isn’t sufa role in deciding the fate of companies or industries. ficient compared to the exotic chip materials others use.
Case in point: wireless-chip giant Qualcomm
Last year, Qualcomm formed a joint venture with materials specialist
(ticker: QCOM), which is under a hostile takeover TDK (TTDKY), which allowed the company to broaden its offerings.
attack by even-more-gigantic rival, Broadcom (AVGO). For the first time, Qualcomm has one key RF chip, the power amplifier,
Last week at the Consumer Electronics Show in Las Vegas, Qualcomm made with the same kinds of exotic chip materials as the others.
announced some new business it won in the radio frequency, or RF chip,
And the use of the term “premium” is significant, because, as
business. These are small steps for Qualcomm, but they signal a greater Erensen points out, “Broadcom mostly plays at the higher end of the
will to fight back, and even go on the offense, against Broadcom.
market,” selling chips for more expensive phones. The company is
Broadcom in early November made an unsolicited
known for RF chips called “filters,” which shape frequen$130 billion bid for Qualcomm. Qualcomm quickly rejected
Broadcom is quietly cies of a phone’s transmission. The TDK partnership gave
the offer at $70 per share, a slight premium to the current
Qualcomm a greater ability to offer filters, including the
engaged in a sort
market price, as “significantly undervaluing” the company.
kind Broadcom has.
Since being spurned by Qualcomm, Broadcom’s CEO,
of existential debate Can Qualcomm win? It has been a mainstay of QualHock Tan, has repeatedly said Qualcomm investors want
his deal. He has proposed a slate of directors to replace
on why Qualcomm comm’s approach to use its existing sales of phone chips
to win more share of the other parts in a phone. “They’ve
Qualcomm’s board. A vote is set for March 6.
can’t continue alone. shown the capability to do this in the past, where they
Behind the scenes, analysts such as Bernstein’s Stacy
suck up new business around the chipset,” says Erensen,
Rasgon, a bull on Broadcom shares, say Tan is engaged
in a kind of existential debate for why Qualcomm can’t continue alone. of Qualcomm’s move from baseband to other chips.
In 2014, chief executive Steve Mollenkopf in a Barron’s interview exQualcomm gets paid twice for smartphones–once for its chips, once in
the form of a royalty for its patents. Increasingly, large companies, such plained how Qualcomm thinks opportunistically. It went from selling just
as Apple (AAPL), which is suing Qualcomm, won’t stand for it. And so, the modem chip to also selling the microprocessor that runs a phone’s
argues Tan, according to Rasgon’s view, the licensing business is going software. He described the company’s philosophy: “Somebody’s going
to get that business. We said, ‘Why shouldn’t that be us?’ ”
away and with it, Qualcomm’s appeal as an independent company.
Amon last week said the same thing dressed up in technical terms. He
Qualcomm seems intent on showing it knows its markets, and that
the company has bright prospects. At CES, Qualcomm President Cris- argued that with higher and higher smartphone speeds, the task of mantiano Amon said the company has won some business from Samsung aging wireless frequencies, which is what RF chips do, grows harder and
Electronics (005930KS) and others to supply the RF chips for what he harder. By that logic, the modem vendor, Qualcomm, should also be the
called “premium” smartphone models. Broadcom is a major RF-chip RF chip vendor, because the two need to work together tightly.
It seems unlikely that Qualcomm will unseat Skyworks or Qorvo any
player, with Skyworks Solutions (SWKS), Qorvo (QRVO), and Murata
time soon. Taking down companies that have specialized in making such
Manufacturing (6981.Japan).
Amon’s announcement is significant on two levels. For one thing, complex parts for years is no mean feat. Increased competition from
Amon was telling investors that Qualcomm’s business isn’t just about Qualcomm could put pressure on their shares, however. Both Skyworks
and Qorvo did not respond to requests for comments. Broadcom decollecting royalties on phones. That might blunt Tan’s pitch.
For another, it shows Qualcomm is willing to go on the offensive from clined to comment.
Broadcom’s market-share lead is narrower, and so it’s conceivable
a technology perspective by targeting some of those RF chips that are
Qualcomm’s new business could put pressure on Broadcom. At the very
the most appealing part of Broadcom’s business.
Qualcomm has been trying for several years to crack the RF market. least, the fighting spirit from last week suggests Broadcom might have
In 2016, it was in fourth place, with just 9.8% share of industry sales, to raise its bid if it hopes to succeed. That can be only a good thing for
trailing first place Skyworks, at 35.2%, Qorvo, at 30.5%, and Broadcom, Qualcomm shareholders. with 14.5%, according to Gartner data. (Murata was in fifth place in 2016
with 7.1% share.) Gartner hasn’t prepared numbers for 2017, though it email: tiernan.ray@barrons.com
would be a surprise if the rankings changed much.
The RF design wins announced by Amon last week offer a ray of Tiernan Ray can be reached at tiernan.ray@barrons.com,
hope. “It shows they’re making progress,” Gartner analyst Jon Erensen blogs.barrons.com/techtraderdaily, or twitter.com/barronstechblog
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THERE ARE EPIC INVENTIONS IN TECHNOLOGY LIKE THE
January 15, 2018
January 15, 2018
BARRON’S
35
Mutual Funds
Talking With Susan Hirsch
Manager, TIAA-CREF Large-Cap Growth Fund
Change Agent
by Reshma Kapadia
SUSAN HIRSCH BEGAN HER CAREER RESEARCHING MAINFRAMES AND MINICOMPUTERS
years before technology was a stand-alone category. For 40-plus years—having
watched industry heavyweights falter and internet companies rebuild themselves
after the dot-com bust—she has learned to cut through the hype.
The track record of the $5 billion TIAA-CREF Large-Cap Growth fund (ticker:
TIRTX) she manages shows that Hirsch, 65, has been a good student. Over the past
year, the fund’s 36% return has outpaced 89% of its large-cap growth peers, according
to Morningstar. The fund’s nearly 17% average annual return over the past five years
has beaten 82% of peers.
Decades covering and investing in small-cap and growth companies means Hirsch
has tracked countless hot tech trends, but she still marvels that she ended up investing
in technology. Growing up in Brooklyn, N.Y., the daughter of Holocaust survivors was
expected to get married early and have children. She did both. But she also bucked tradition by studying accounting at night while working as a secretary at Drexel Burnham
Lambert. When Hirsch was pregnant with her first son and about to graduate, her
boss, a computer and communications analyst, enticed her to return from maternity
leave with an offer to become his research assistant. She accepted, becoming one of the
only women in research. “I was always an oddity. It set me up for my life,” Hirsch says.
Initially, she used her accounting background to vet stocks. She eventually moved
to research jobs at Smith Barney and then E.F. Hutton, which became a part of Lehman Bros. At Lehman, Hirsch created a quantitative model to pick small-cap growth
stocks. The model’s success paved her way to money management, first at Lehman and
then for almost a decade at Jennison, managing technology and mid-cap growth portfolios. In 2005, she joined TIAA-CREF, taking the helm of the growth fund in 2006.
Her general approach hasn’t changed. As she hunts for
continued on page 36
Laura Barisonzi for Barron’s
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Mutual Funds
36
BARRON’S
the 75 stocks that typically fill the portfolio,
she seeks out large, dominant, innovative
companies that are leaders of the new economy, boast a strong lineup of products, a
strong balance sheet to finance growth, and
good management to lead the way. Holdings
typically fall into two broad categories:
disrupters and consistent, stable growers.
The disrupters have powered much of the
fund’s gains lately. Facebook (FB), Amazon.com (AMZN), Netflix (NFLX), and Google
parent Alphabet (GOOGL) make up about
13% of the fund’s assets. While worries about
a bubble loom over the market, Hirsch sees
a notable difference between the late 1990s
dot-com boom and now: Internet valuations
are not the extreme outliers they were back
then, she says. “The gains scare me, but
these companies together represent a tsunami—an enormous amount of disruption. It’s
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TIAA-CREF Large-Cap Growth
TIRTX
Total Return*
1-Yr
3-Yr
5-Yr
35.8% 14.9% 17.4%
Russell 1000 Growth
31.6
15.3
17.4
Top 10 Holdings
Company / Ticker
% of
Portfolio**
Microsoft / MSFT
5.4
Apple / AAPL
4.5
Amazon.com / AMZN
4.4
Facebook / FB
4.1
Alphabet / GOOGL
3.3
Adobe Systems / ADBE
3.1
Broadcom / AVGO
2.8
Intuit / INTU
2.7
Visa / V
2.7
Mastercard / MA
Total
2.7
35.7
*Returns are as of 1/10/18; three- and five-year returns are annualized.
**As of 11/30/17
Sources: TIAA-CREF; Morningstar
just beginning to travel across every major
industry,” Hirsch says. “I don’t see the penetration data out of whack. There is no reason
to say these stocks are done.”
Of the FANGs, Hirsch says Facebook has
the strongest fundamentals, with its strong
balance sheet and ability to hit its growth
targets if it keeps executing. Though the
threat of increased regulation looms, Facebook’s valuation leaves room to absorb a
regulation-oriented slowdown, and the company continues to introduce new lines of
revenue—such as its video app—that can
help offset potential hits.
That pipeline of new products is crucial,
says Hirsch. Miss a product cycle upgrade
and a company could struggle to ever catch
up again—just look at BlackBerry (BB).
Microsoft (MSFT) may be an exception, as
it has started regaining momentum. It only
took a decade and new management. But
Hirsch says that Microsoft, a top holding, is
at a tipping point in terms of growth because
CEO Satya Nadella invested aggressively in
cloud computing, despite years of losses. Yet
Hirsch says analysts’ estimates are not
factoring in a coming margin expansion.
Management is a key trait for Hirsch,
who sees it as the differentiator among companies that survived the dot-com bubble.
“The ones that stayed with their business
and grew with it were the ones that ultimately drove the change,” she says. “To disrupt the status quo, you need management
that can create change while simultaneously
building out their infrastructure.”
Both Microsoft and Amazon are set up
to capitalize from cloud computing—a megatrend that Hirsch thinks has plenty of room
to run. “You now have about $50 billion of
business on the cloud, but the potential is
$1 trillion,” she says. “We are beginning to
see companies en masse close out of their
legacy tech centers and move to the cloud
because they realize it’s more secure, as well
as a better overall solution.”
High valuations are giving Hirsch enough
pause to shift her focus to owning morestable growth companies outside of tech,
such as Mastercard (MA), Gartner (IT), and
PayPal Holdings (PYPL), as well as industrial stocks like Parker-Hannifin (PH) and
Sherwin-Williams (SHW) that should benefit as the economy accelerates.
Also on the buy list: companies that
growth investors have written off but are
now worth another look, often because they
are capitalizing on the same technological
trends that have fueled some of Hirsch’s
internet holdings. Take Walmart (WMT), a
relatively new position. The retailer has
been investing aggressively in e-commerce,
with its losses there expected to peak this
year. It is also trying to attract a higher-end
consumer online, which could expand its
market potential, and could benefit from tax
reform.
Not all of her picks have been winners.
Biotech Celgene (CELG) hurt the fund’s
performance last year and now sits in a small
part of the portfolio where Hirsch owns
more-speculative investments. “The genesequencing revenue hasn’t come through as
I thought, but no one is expecting anything
in that pipeline to work. In the meantime, it’s
generating 15% revenue growth,” she says.
“Emerging disrupters” like Tesla (TSLA)
are also in the speculative portfolio.
Hirsch admits that she is smitten by
innovation, often seeking out TED talks to
see what is exciting entrepreneurs rather
than Wall Street. “One of my role models
taught me you have to love innovation and
change because it’s the only way to grow,”
Hirsch says. That outlook appears to have
served her well as an investor. Scoreboard:
January 15, 2018
Stocks Jump, Bonds Fall
(Led by soaring financial shares, U.S. stock funds rose 1.7% last week as rates began to increase. U.S.
bond funds dropped 0.09% as signs of inflation mounted. Up 2.8%, financial stock funds topped all others.
U.S. STOCK FUNDS
TOP SECTOR / Financial Services Funds
BOTTOM SECTOR / Precious Metals Equity Funds
S&P 500
U.S. BOND FUNDS
Bloomberg Barclays AGG Bond
One Week
Year-to-Date
1.69%
2.76
– 1.83
1.60
– 0.09
– 0.29
3.4%
3.80
– 0.39
3.51
—0.01
– 0.50
THE WEEK'S TOP 25
Fund
Investment Objective
Fidelity Sel Enrgy Ser / FSESX
Kinetics SC Oppty NL / KSCOX
Kinetics Paradigm NL / WWNPX
Kinetics SO & CR Inst / LSHUX
Hennessy Sm Cp Finl Inv / HSFNX
Zevenbergen Genea Inst / ZVGIX
Pacific Adv Sm Cap Val A / PASMX
American Growth II E / AMREX
SkyBridge Div Val I / SKYIX
PRIMECAP Odyssey Ag Gr / POAGX
Baron Partners Fund Rtl / BPTRX
Fidelity Sel Banking / FSRBX
J Hancock Reg Bank A / FRBAX
RMB Inv Fnl Svc A / RMBKX
Rydex Energy Svcs Inv / RYVIX
Convergence Opptys Instl / CIPOX
WellsFargo Intr SCV A / WFSMX
Quantified STF Inv / QSTFX
Highland Energy MLP Y / HEFYX
Hodges Small Cap Retail / HDPSX
Biondo Focus Inv / BFONX
O'Shaughnessy Enh Div I / OFDIX
Rydex Banking Inv / RYKIX
CM Advisors Fund I / CMAFX
Gator Focus Inst / GFFIX
Natural Resources
GL Sm/Mid-Cap
Mid-Cap Growth
GL Sm/Mid-Cap
Financial Services
Multi-Cap Growth
Small-Cap Value
Specialty & Misc
Equity Income
Multi-Cap Growth
Mid-Cap Growth
Financial Services
Financial Services
Financial Services
Natural Resources
GL Sm/Mid-Cap
Small-Cap Core
Flexible Portfolio
Energy MLP Funds
Small-Cap Core
Multi-Cap Growth
Global Equity Income
Financial Services
Mid-Cap Value
Small-Cap Core
One Week
Year-to-Date
5.48%
5.29
5.27
4.84
4.76
4.56
4.53
4.29
3.89
3.88
3.85
3.83
3.80
3.80
3.77
3.76
3.74
3.69
3.66
3.66
3.63
3.57
3.56
3.53
3.52
12.6%
7.3
6.2
5.5
5.0
8.9
6.4
4.1
4.4
7.0
5.3
5.7
4.8
4.5
10.8
4.7
4.8
10.0
10.7
6.7
7.3
6.0
5.1
8.2
5.5
One Week
Year-to-Date
– 5.88%
– 4.52
– 4.10
– 3.57
– 3.54
– 2.47
– 2.44
– 2.37
– 2.32
– 2.29
– 2.7%
– 8.1
– 3.0
– 2.1
– 1.0
– 4.9
– 0.8
– 4.7
– 4.5
– 4.7
THE WEEK'S BOTTOM 10
Fund
Investment Objective
Kinetics Internet NL / WWWFX
Nvgtr Sentry Mgd Vol I / NVXIX
US Glbl Gold&PM / USERX
US Glbl Wld Prec Min / UNWPX
Kinetics Global NL / WWWEX
Virtus D&P RE Secs I / PHRIX
USAA Prec Met&Min Fund / USAGX
West Loop Realty Inst / REIIX
Neuberger Rl Est Inst / NBRIX
Alpine Eq Rlty I&G Inst / AIGYX
Science & Tech
Equity Mkt Neutral
Precious Metals Eq
Precious Metals Eq
GL Sm/Mid-Cap
Real Estate
Precious Metals Eq
Real Estate
Real Estate
Real Estate
THE LARGEST 25
Fund
Fidelity Contrafund / FCNTX
Vanguard Wellington Adm / VWENX
American Funds Gro A / AGTHX
American Funds Inc A / AMECX
American Funds CIB A / CAIBX
Dodge & Cox Stock / DODGX
American Funds EuPc R6 / RERGX
Dodge & Cox Intl Stock / DODFX
American Funds ICA A / AIVSX
American Funds Bal A / ABALX
American Funds Wash A / AWSHX
American Funds CWGI A / CWGIX
PIMCO Tot Rtn Inst / PTTRX
Vanguard PRIMECAP Adm / VPMAX
Dodge & Cox Income / DODIX
American Funds FInv A / ANCFX
Met West Total Return I / MWTIX
PIMCO Income Inst / PIMIX
Franklin Cust Inc A / FKINX
DoubleLine Tot Rtn I / DBLTX
Vanguard Sh-Tm Inv Adm / VFSUX
Vanguard Wellesley Adm / VWIAX
American Funds NPer A / ANWPX
Vanguard Tgt Ret2025 Inv / VTTVX
T Rowe Price Gro Stk / PRGFX
Assets
(billions)
$90.1
87.8
85.4
77.7
72.1
70.9
65.7
65.7
63.6
63.6
57.7
57.1
55.3
54.6
54.3
53.9
48.8
48.6
46.0
44.0
42.3
41.9
41.5
39.2
38.9
*Annualized 01/08/2015 to 01/11/2018. Through Thursday.
Investment Objective
Large-Cap Growth
Mix Tgt All Gro
Large-Cap Growth
Mix Tgt All Mod
Global Equity Income
Large-Cap Value
Intl Large-Cap Growth
Intl Large-Cap Core
Large-Cap Core
Mix Tgt All Gro
Large-Cap Core
Global Large-Cap Core
Core Plus Bond
Large-Cap Core
Core Bond
Large-Cap Core
Core Plus Bond
Multi-Sector Inc
Mix Tgt All Mod
US Mortgage
Short Inv Grade
Mix Tgt Alloc Con
Global Large-Cap Growth
Mixed-Asset Target 2025
Large-Cap Growth
3-Year*
Return
1-Week
Return
15.1%
9.1
14.7
7.7
6.2
13.0
11.0
7.6
11.8
9.0
11.9
10.3
2.4
15.4
2.9
14.2
1.7
6.7
5.9
2.4
1.9
6.4
12.9
8.0
16.3
2.30%
1.00
1.77
0.68
0.43
2.05
0.76
1.09
1.41
0.77
1.55
1.00
– 0.15
1.76
– 0.07
1.64
– 0.25
– 0.06
0.83
– 0.19
– 0.06
0.17
1.24
0.80
2.26
YTD
Return
4.9%
2.0
4.3
1.6
1.2
4.9
3.3
4.3
3.1
1.7
3.2
3.0
– 0.3
4.9
– 0.2
3.7
– 0.4
0.1
2.1
– 0.4
– 0.1
0.4
3.8
2.1
4.9
Source: Lipper
For personal Do not edit or alter. Reproductions not permitted.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or
January 15, 2018
BARRON’S
37
Fund of Information
ETF Focus
Active Funds’ Kings of Cash
Bitcoin: Mired in Regulation
by Reshma Kapadia
by Crystal Kim
ACTIVE FUNDS AGAIN HAD NEGATIVE NET CASH FLOWS IN 2017,
BITCOIN IS STUCK IN THE MUD. THE PRICE OF THE CRYPTO-
though less than in 2016. But there was one winner in the
bunch: taxable intermediate-term bond funds. Despite the stock
market charging higher and fear of a looming bond bear market, they were last year’s most popular active mutual funds. Investors poured $169 billion into active taxable bond funds, with
the intermediate-term variety—often the core of fixed-income
portfolios—drawing about $73 billion of that, according to Morningstar Direct.
It’s a “refreshing sign” that advisors and pro investors are doing what they
should at this point—rebalancing and taking some chips off the table—as stocks
breach new highs, says Christine Benz, Morningstar’s director of personal finance. Demographics play a role, as aging baby boomers seek income. But part
of the interest reflects the meager yields in short-term bond funds and on cash
that have pushed investors further afield in their quest for income. Many active
managers have invested more heavily in corporate bonds, which yield more than
the Treasuries and other government debt more prevalent in passive funds.
In last week’s cover story, I wrote about how the shift into cheaper—often
passive—funds has trimmed expense ratios. Though bond investors haven’t embraced passive investing as stock investors have, asset-weighted expense ratios
for bond funds also have fallen in recent years. One possible reason: Some big
fund firms cut fees to woo Pimco investors after Bill Gross’ abrupt departure in
2014, says Russ Kinnel, director of manager research at Morningstar.
Costs are always important, but deserve more attention, as bond prices could
slip if the Federal Reserve raises rates three times this year, as expected, says
Todd Rosenbluth, CFRA’s director of ETF and mutual fund research.
Rosenbluth’s picks for cheap active bond funds with strong records: Dodge &
Cox Income (ticker: DODIX), Fidelity Total Bond (FTBFX), which can own up
to 20% in non-investment-grade bonds like high-yield that could make it more volatile, and Vanguard Intermediate-Term Investment Grade (VFICX), which offers
rock-bottom fees and a deeper focus on higher-quality corporate bonds than peers.
currency took a dive last week, levelled off, and ended at
$13,800. In the past month, prices have declined by about 30%
through Friday, according to Coinbase.
Tightening regulation is, in part, responsible.
Leaked documents showed that China’s top internetfinance regulator asked local governments to encourage bitcoin mining operations—those using computers to verify and add to a public ledger for cryptocoin rewards—to make an “orderly exit.” Financial authorities
in South Korea said they were checking up on six banks that offer cryptocurrency accounts to see if they were complying with anti-money-laundering rules,
among other things, and they descended on two large crypto exchanges on suspicions of tax evasion. And the government said it was planning to ban trading
on crypto exchanges, then walked back the statement later that day.
The Securities and Exchange Commission, for its part, hit the pause button
on a dozen bitcoin exchange-traded funds and two mutual funds last week.
First Trust, Direxion Asset Management, Rex ETFs, ProShares, Cboe, and
VanEck pulled their filings last week per the SEC’s request.
The first time the SEC asked firms to pull their filings, it was because they
intended as dry powder for a market correction or needed within a year should
be in more liquid options, such as money-market funds, which are emerging from
a decade-long funk during which they paid next to nothing.
The Fed’s initial interest-rate hikes didn’t filter through to all money funds,
in part because some firms were still recouping fees they had waived to keep
yields positive when rates were at lows. But now, most of those fee waivers are
gone, and the average yield for the 100 largest money-market funds tracked by
research firm Crane Data is 1.12% and rising, versus just 0.43% at the end of
2016. “Nothing is worth doing unless you get at least 1% out of the shift,” says
Crane Data’s Pete Crane. And that tipping point is here, with the yield expected
to hit 1.5% as the Fed raises rates further this year.
As is often the case, some of the highest yields are in institutional share
classes, which can be accessible through advisors, but require higher minimum
investments. Crane’s retail picks include: Vanguard Federal Money Market
(VMFXX), which yields 1.24%, Fidelity Government Cash Reserve (FDRXX),
0.99%, and Schwab Investor Money (SWRXX), 1.19%. (For a listing of top yielding money funds, see page M32 in Barron’s Market Week section.) were too early; they were filing for vehicles to hold derivatives that didn’t yet
exist. Now there are questions around liquidity and pricing.
Details are sparse. It’s unclear what level of average trading volume of
futures contracts, and how much of a trading history, would make regulators
more comfortable. Some sponsors argue that bitcoin futures ETFs would add
to liquidity because they’d be buying up bitcoin futures. But
ETF Table,
the concern is that all that buying will distort futures pricing.
Barrons.com
“We’re waiting for an official letter,” says Garrett Stevens,
CEO of Exchange Traded Concepts, the trust for the Rex
ETFs. “My impression is that the [SEC] isn’t totally shutting [bitcoin ETFs]
down. They just need more time to understand before they can comment on the
various products that have been filed.”
If only these communications were public, which they normally aren’t until
resolutions on various issues are reached. The race for the first bitcoin futures
ETF will reset when the SEC communicates to sponsors what it needs. Sponsors that can best interpret what the regulator wants and address the issues
will win.
Interactions between the SEC and ETF sponsors have been awkward, in
part because the way these ETFs came to market was awkward. For bitcoin
futures ETFs, sponsors chose to file so-called posteffective amendments to registration statements, starting a 75-day countdown. In that time, the SEC can
review disclosures, but once time is up sponsors can sell their securities. The
fact that the SEC didn’t go nuclear and issue stop orders suggests that bitcoin
futures ETFs may yet come to market.
SEC Chairman Jay Clayton has issued statements, but they resemble more
general observations and questions than clarity on cryptocurrencies as investments. There needs to be a public discourse at least as rigorous as crypto diehards’ enthusiasm. Perhaps then, the fever will break, bitcoin prices will grow
less volatile, and bitcoin ETFs will finally come to the market. email: reshma.kapadia@barrons.com
email: crystal.kim@barrons.com
Investors have used short-term bond funds to park cash, but money
38
BARRON’S
January 15, 2018
An interview With Bill Gates
Co-Chair, Bill & Melinda Gates Foundation
Big Pharma and Start-Ups Are Key to Health Gains
by Andrew Bary
addressing health problems in the developing
world in the past 25 years, and much more can
be accomplished with greater involvement by
major pharmaceutical companies and start-ups,
Microsoft co-founder Bill Gates says.
Gates is co-chair of the Bill & Melinda Gates
Foundation, the largest private foundation in
the world, with an endowment of $40.3 billion at
the end of 2016. Its giving power was greatly
enhanced by Berkshire Hathaway CEO Warren
Buffett’s decision in 2006 to donate most of his
fortune to the foundation, which disbursed $4.6
billion in grants in 2016.
In a keynote speech at JPMorgan’s healthcare conference in San Francisco on Jan. 8,
Gates argued that the “research agendas today
in biotech and pharma—and the problems we’re
trying to solve in global health—are starting to
converge in exciting ways.”
In a recent interview with Barron’s, Gates
spoke about some of the foundation’s initiatives
in global health and how, in his view, mortality
among children under age 5 in the developing
world could be halved by 2030 after falling by
50% since 1990.
Quirin Leppert/laif/Redux
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THERE HAS BEEN ENORMOUS PROGRESS IN
The foundation has been around since 2000—
what are some of your biggest successes?
Here’s a basic statistic. In 1990, 12 million
children under 5 in the developing world died,
which is about 10% of that population. And
now we’re down to about 5 million children
under the age of 5 dying each year—so we’re
under 5%. The biggest reason for that drop is
the availability of new vaccines—including
pneumococcus [for pneumonia] and rotavirus
vaccines [to prevent a form of diarrhea].
Your goal is to cut infant mortality in half
again by 2030. How can that happen?
OK. So in that zero-to-five years of age space,
you basically have the first 30 days of life and
you have 30 days to five years. In 30 days to
five years, we have to make more progress on
malaria, the remaining causes of diarrhea, and
the remaining causes of respiratory disease.
Two of the best ways to combat those threats
“Two ways to combat [deaths among children 30 days to 5 years old] are to
are to improve the primary health-care system
improve the primary health-care system and vaccinate more.”
and to vaccinate more children.
The first 30 days account for 40% of the
The Gates foundation has made many investments in
deaths under age 5. One of our partnerships in developearly-stage pharma and biotech companies. How well
ing countries is to do autopsies and advanced pathology
Barron’s: There’s a perception on Wall Street that
has it worked?
for thousands of deaths. There was little understanding
improvements in global health are about doing good,
of the actual cause of death. Deaths might be classified
and not about making money.
The results are fantastic. We’re willing to have dead ends, as asphyxia or sepsis, without any understanding of
Gates: Well, hopefully, that’s not true. The ability of the and we have had some dead ends. In the diagnostic space, what intervention might have prevented them.
foundation to invest in early-stage companies with global our hit rate is probably lower than in some of the other
What else can be done?
health impact can build technologies, even if the exact tool spaces. But even there, things are very promising.
To reduce death in those first 30 days, you want to catch
vaccine or drug or diagnostic is not exactly the same thing
premature births, and that’s where tools like a test
that we’ll be using in the developing world. We’re able to Talk about some of your volume-guarantee programs,
in which the foundation assures companies of the purdeveloped by Sera Prognostics that helps identify a
fund the platform work and help it get to critical mass.
mother who’s at risk of premature delivery can potenWe’re spending over $2 billion a year to research and chase of a predetermined amount of a drug or other
tially save lives. We really need to make huge progress
develop new tools for global health and development. product to encourage development and distribution?
People would be surprised by how much flexibility we One of the biggest volume guarantees we’ve ever done in the first 30 days because we can certainly cut in half
have to work with private organizations. And you can split is for a first-line HIV therapy—a single-pill treatment deaths from 30 days to five years if we do a supergood
it into working with Big Pharma and smaller companies— regimen containing dolutegravir. One of the growing job on the three big killers there: malaria, diarrhea, and
threats in the fight against HIV is that many patients pneumonia, as well as nutrition.
start-ups like Vir Biotechnology.
have a strain of HIV that has become resistant to some
One of your points is that there’s a convergence
of the most widely used drug regimens. The great thing What role does nutrition play?
between where research is going with biotech and
about dolutegravir is that it has a much higher threshold Nutrition is implicated in half the deaths of children
traditional drug companies and the problems that
to drug resistance than most current treatments. This under 5 in the developing world. If you have enough
you’re trying to solve in global public health. What
treatment is available for generic manufacturers, with nutrition, even though you get sick, you’ll have enough
areas excite you?
no royalty, but there was a huge upfront cost to switch overall body strength that you’ll survive. And so we’re
HIV, of course, is a disease of the immune system, and and get the pricing down.
doing tons of stuff to try to increase access to micronutriever since HIV emerged, in the effort to understand
So we are partnering with Mylan and Aurobindo ents and livestock in the developing world.
what’s going on and come up with treatments or cures Pharma—and a series of other partners to make the
or prophylactics for HIV, it has massively advanced the treatment available to public-sector purchasers in low- Thanks, Bill. understanding of the immune system. That understand- and middle-income countries at around $75 per person,
More excerpts appear at Barrons.com.
ing is being used for cancer immunotherapy.
per year.
January 15, 2018
BARRON’S
SPEAKING OF DIVIDENDS
n
by Lawrence C. Strauss
The Right Rx for Income
Six stocks that should provide good yields in 2018
For personal Do not edit or alter. Reproductions not permitted.
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WITH THEIR STRONG FREE CASH FLOWS,
large-cap pharmaceutical/biotech companies can be a good place to look for yield.
So, as earnings season nears, Barron’s
looked for members of the group with
yields above 2% and payout ratios below
60%.
David Risinger, who covers the sector
for Morgan Stanley, expects the new federal tax code to help pharma/biotech outfits, particularly by letting them repatriate overseas cash after paying a one-time
tax. The money could fortify dividends.
And, as Risinger wrote in a recent note,
“Each major pharma company could benefit from additional pipeline assets.”
In a note last fall, Goldman Sachs listed
the 20 companies with the most cash overseas as a percentage of their stock market
value. Cisco Systems (ticker: CSCO)
topped the list, which included many tech
names, along with plenty of health-care
companies, including Amgen (AMGN) and
Johnson & Johnson (JNJ).
Among the six stocks that Barron’s
selected from the list, Pfizer (PFE)
sports the highest yield at 3.7%. The
stock’s one-year return is a decent 13.3%.
Risinger predicts that Pfizer, whose sales
have come under pressure in recent years,
will have “accelerating revenue growth
early next decade, as patent-expiration
pressures fade in 2020 and beyond.”
AbbVie (ABBV) has returned about
60% over the past 12 months, lifted by its
blockbuster drug Humira, which treats
rheumatoid arthritis and other conditions.
Analysts expect AbbVie to report that
global Humira sales exceeded $18 billion
in calendar 2017, 14% higher than in 2016.
The stock was helped by a settlement
AbbVie reached last year with Amgen,
which plans to launch a biosimilar to challenge Humira. But the “settlement suggests no U.S. biosimilar Humira launches
until early 2023,” notes Risinger, adding
that AbbVie has a strong pipeline. However, Goldman Sachs estimated last fall
that Amgen has about $36 billion overseas.
AbbVie’s stock was yielding 2.8% recently,
just below Amgen’s 2.9%.
Bristol-Myers Squibb (BMY) yields
2.6% and trades at a pricey 19.3 times the
$3.23 a share that analysts expect it to
earn this year. It has bet big on immunotherapy drugs for cancer, such as Opdivo,
whose 2017 sales probaDividend
bly totaled about $4.8
Payments,
billion, nearly 30% above
page M39
2016’s.
The lowest yielder
among our six stocks is J&J, at 2.3%. But,
with a well-rounded portfolio of drugs
such as Remicade, an inflammation treatment, it has grown its payout at about a
7% yearly clip; that’s likely to continue.
Our final pick, Eli Lilly (LLY), yields
2.6% and has returned about 16% in the
past year. It’s considering divesting its
animal health unit, whose global sales
total about $3.2 billion, “but we don’t
expect the loss of the division to impact
Lilly’s [economic] moat,” notes Morningstar analyst Damien Conover. Lilly’s top
sellers include Humalog, for spikes in
blood sugar, and Alimta, a cancer drug. The half-dozen companies listed below have strong growth prospects, promising product
pipelines, and good dividends that should keep growing.
Recent
Price
Dividend
Yield
Payout
Ratio*
1-Year
Total Return
Pfizer / PFE
$36.47
3.7%
50%
13.3%
Amgen / AMGN
182.86
2.9
34
18.4
AbbVie / ABBV
99.69
2.8
47
61.3
Eli Lilly / LLY
86.10
2.6
58
15.8
Bristol-Myers Squibb / BMY
Johnson & Johnson / JNJ
62.01
2.6
54
6.2
143.97
2.3
47
27.1
*Based on most recently reported fiscal year. All numbers as of 1/10/18.
“I would not walk away from investing in cryptocurrencies; I would run!”
BOB SPEAR, Coronado, Calif.
Mailbag
Mailbag
Apple With a Difference
To the Editor:
When considering the general Faang
category as a Buy, Sell, or Hold candidate,
one metric rarely referenced is the valuation factor of individual stocks that make
up this group (“Time to De-Faang Your
Portfolio?” Jan. 6). For example, a relatively low forward price/earnings ratio for
Apple contrasts dramatically with much
higher P/E ratios for shares of Amazon.com, Netflix, and, for that matter, the
Faang-like, similarly popular Tesla.
Hence, for tech exchange-traded
funds and other such gauges, Apple is
lumped indiscriminately with its highly
valued peers, rising or falling virtually in
sync with the mood of the market. This
appears quite imprecise and misleading
given the stability over time of Apple’s
operating results, albeit now at a lower
growth rate but, still, compared with the
less well-defined future of some other
Faang companies. It seems to me the
euphoric recent rise in Apple share
prices, given its value proposition, is
quantitatively and qualitatively different
from those others.
JOHN N. HEIL
Las Vegas
Malicious Hackers
To the Editor:
email: lawrence.strauss@barrons.com
Good Bets in Pharma and Biotech
Company / Ticker
39
Source: FactSet
Tiernan Ray, in his otherwise excellent
reporting in this week’s issue, writes,
“Malicious hackers are just programmers
who use computer systems in a more
inventive way than their conventional
kin” (“Don’t Blame Intel for the Failures
of Computer Security,” Tech Trader,
Jan. 6). Combining a negative word
(“malicious”) with a positive term (“more
inventive”) while using “just” along the
way may seem pithy and witty. Also,
generating such sentences is a fun game:
“Murderers are just skeet shooters who
select more intriguing targets than their
conventional kin.” But ultimately, it is
absurd; we do well to remember that
malicious hackers can, and do, cause
great harm. Economic cost-benefit analyses are important, but are no excuse for
completely abandoning moral considerations and equating malicious behavior
with nothing more than inventiveness.
JEREMY GWIAZDA
Cambridge, Mass.
Tiernan Ray responds:
Your point is well taken. Certainly, I
didn’t intend moral equivalence, or equivocation. It’s important to understand the
nature of a problem, separate from judging intentions, to come to an understanding of possible solutions. Looking at
certain behavior as “inventive” is not a
compliment, but an understanding of the
insidious nature of what’s being done—
that it’s a way of manipulating a system,
not something separate from that system.
Cryptos and Diversification
To the Editor:
Theresa Carey’s “New Adventures in
Cryptocurrencies” (Digital Investor,
Jan. 6) mentions 1,371 cryptocurrencies
in circulation, which might suggest to
the gullible that there’s some value in
diversification in this space. It reminds
me of the “safety” of diversification in
residential real estate in 2007, when it
was suggested that we might own
houses in Las Vegas; Nashville; Fort
Lauderdale, Fla.; Raleigh, N.C.; and St.
Louis to avoid a “crash” in any single
market. Carey perhaps makes the
understatement of the new year in
stating, “It’s not all smooth sailing for
crypto traders.” I would not walk away
from investing in cryptocurrencies; I
would run!”
BOB SPEAR
Coronado, Calif.
Send letters to:
Mail@Barrons.com. To be considered for publication, correspondence must bear the writer’s
name, address, and phone number. Letters are subject to editing.
40
BARRON’S
January 15, 2018
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To reprint or license content, please contact Barron's reprints department at 800-843-0008 or
CONFIDENCE IS KNOWING WE SEARCH THE
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T. Rowe Price Investment Services, Inc., Distributor.
January 15, 2018
BARRON’S
M1
January 8 through January 12, 2018
Index to Statistics 16
•
“Is that a spot
of inflation on
the horizon?”
When the first five days of a year
are positive for the Standard & Poor’s
500—as they were this year—the index
has finished the month of January in positive territory 73% of the time, according
to Carter Worth, the chief market technician at Cornerstone Macro, a research
firm based in New York. And when January is positive, the S&P 500 has finished
the year in positive territory 82% of the
time. Since 1928, the S&P 500 has finished in positive territory 68% of the time.
year for the market. “Seems too simple to
be believed,” Worth writes. “But the historical ‘facts and figures’ are what they
are. The data are the data.”
The Trader
Emerging Markets
The S&P 500 rises 1.6%,
and some ask if 3000 is
possible in 2018. 3
Trade wars may be
looming, but they could
spell opportunity. 7
European Trader
Current Yield
The U.K. retailer is
poised for gains after
a stellar holiday season. 6
Falling prices probably
won’t scare buyers away
from new Treasuries. 9
Asian Trader
Striking Price
AI and robotics help
propel Japan’s Keyence
to the head of the pack. 7
Why the smart money
is still moving to protect
its gains. 10
Still Soaring
Next’s Big Thing
Rise of the Robots
Our Founder Clarence Barron
Buying the Brawls
Tame Bear
Healthy Hedging
Milton Glaser for Barron’s
For personal Do not edit or alter. Reproductions not permitted.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or
That suggests 2018 could be another good
M2
BARRON’S
January 15, 2018
Charting the Market
A graphic look at selected stock activity for the week ended January 12, 2018 n Edited by Bill Alpert and David Schutt
FACEBOOK
EASTMAN KODAK
FB (NASD) • 179.37 • -7.48
Responding to critics of
its content, the social-media
giant said it would prioritize
posts from friends over
those from publishers and
brands. Marketers cringed.
J
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192
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The film and camera pioneer is the latest blockchain
adherent. It will use the
technology to create digital
ledgers to help photographers license their work.
11
184
180
M T W T F
176
Stock Price $
193
For personal Do not edit or alter. Reproductions not permitted.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or
F
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Stock Price $
17
34
New research suggests
that human immune defenses may make the geneediting system CRISPR,
used by Editas and Intellia
Therapeutics, unworkable.
32
60
57
54
M T W T F
Stock Price $
67.5
30
28
M T W T F
26
Stock Price $
37
61.0
32
11
54.5
27
148
8
48.0
22
133
5
41.5
17
118
2
35.0
12
Volume in Millions
170
85
0
Volume in Millions
218
109
0
Volume in Millions
48
24
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Volume in Millions
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AMTRUST FINANCIAL SERVICES
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13.5
PLAY (NASD) • 47.92 • -8.45
50
Following a series of accounting and reserving issues, the insurer’s founding
family offered to take the
company private for $12.25
a share, a 21% premium.
12.5
December proved an unseasonably slow start to the
February 2018 quarter, said
the arcade restaurant chain,
with comp-store sales down
5% for the month.
48
Stock Price $
41.5
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9.5
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29.5
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SUPERVALU
AFSI (NASD) • 13.01 • 2.62
32
J
DAVE & BUSTER'S ENTERTAINMENT
38
34
M T W T F
F
40
36
42
Stock Price $
76
SVU (NYSE) • 16.33 • -4.56
Same-store sales fell 3.5%
in the grocer’s November
quarter, and gross margins
narrowed to 10.5% from the
year-ago 13.6%. Retail operations ran at a small loss.
23
21
19
17
M T W T F
15
Stock Price $
36.5
36.0
25.0
69
30.5
20.5
62
27.5
25.0
16.0
55
23.0
19.5
11.5
48
18.5
14.0
7.0
41
14.0
Volume in Millions
28
14
0
Volume in Millions
40
20
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Volume in Millions
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Volume in Millions
20
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GOPRO
SHLD (NASD) • 3.60 • 0.12
J
M T W T F
2
EDIT (NASD) • 32.00 • -1.59
63
14
SEARS HOLDINGS
November and December
same-store sales plunged
more than 16%, but the
struggling retailer raised
$100 million in new financing and hopes to get more.
5
Boasting strong holiday
sales and market share
gains, the department store
chain boosted its fiscal 2017
profit guidance by about 35
cents to $4.10-to-$4.20.
66
178
KBH (NYSE) • 36.98 • 3.58
J
8
EDITAS MEDICINE
KSS (NYSE) • 63.87 • 9.51
163
KB HOME
Riding improved market
conditions, the Los Angelesbased home builder posted
an 18% gain in Novemberquarter revenue and a near
doubling of profit.
KOHL'S
KODK (NYSE) • 9.20 • 6.05
4.0
3.5
Deep price cuts bled December-quarter revenue at
the adventure camera maker.
It will stop selling drones,
lay off 20% of workers, and
put itself up for sale.
2.5
M T W T F
2.0
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AXOVANT SCIENCES
GPRO (NASD) • 6.23 • -1.29
3.0
A
32.0
8
AXON (NASD) • 2.09 • -3.28
7
The Swiss firm ditched an
experimental Alzheimer’s
treatment which failed a clinical trial last year. Separately, Pfizer also stopped
its Alzheimer’s research.
6
5
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4
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ACUITY BRANDS
3.0
AYI (NYSE) • 158.74 • -26.62
191
2.5
Profit fell 13% in the November quarter at the LED
lighting maker, as sales remained soft and competition
pressed. Its Internet-linked
“smart” lights aren’t enough.
181
2.0
1.5
M T W T F
1.0
171
161
M T W T F
151
Stock Price $
14.5
Stock Price $
12.0
Stock Price $
28.5
Stock Price $
257
12.0
10.5
23.0
236
9.5
9.0
17.5
215
7.0
7.5
12.0
194
4.5
6.0
6.5
173
2.0
4.5
1.0
152
Volume in Millions
22
11
0
Volume in Millions
94
47
0
Volume in Millions
62
31
0
Volume in Millions
12
6
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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.
January 15, 2018
BARRON’S
M3
The Trader
Hot, Hot, Hot: S&P on Pace to Triple in 2018
by Ben Levisohn
For personal Do not edit or alter. Reproductions not permitted.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or
STOCKS HAVE STARTED THE YEAR WITH A
“The market may
have a new fuel
source,” says
Huntington Private
Bank’s John
Augustine.
nearly uninterrupted run—one that has us
imagining just how high the market can go.
The Dow Jones Industrial Average
climbed 507.32 points, or 2%, to 25,803.19
last week. The Standard & Poor’s 500 index
rose 1.6%, to 2786.24. The Nasdaq Composite gained 1.7%, to 7261.06. All three closed at record highs.
To put the recent gains in perspective, the S&P 500 has
now gained 4.2% in just two weeks of trading, a pace that
would have it triple by the end of the year. That’s well beyond most analyst forecasts—the Wall Street consensus calls
for it hitting 2893 by the end of the year—and, let’s face it,
unsustainable.
But how high could the S&P 500 really go? Around 3000
would be a reasonable guess, if earnings are any guide. Remember, earnings season got underway last week, with JPMorgan Chase (ticker: JPM), Wells Fargo (WFC), and
BlackRock (BLK), among others, reporting. And the numbers seemed solid, especially with an added boost from tax
cuts. JPMorgan CEO Jamie Dimon, for one, practically
crowed about the benefits of the lower corporate rate. “Much
of it will fall to our bottom line in 2018 and beyond,” he said
on a conference call with investors.
Wall Street shares his enthusiasm. RBC Capital Markets
strategist Lori Calvasina argues that with the benefit of tax
reform, the aggregate earnings per share of the benchmark
could grow 17% in 2018, to $155. The valuation the market
is willing to put on those earnings, however, might stay
where it is, or even decline—something that historically happens when the Federal Reserve is tightening and short-term
interest rates are rising—putting the S&P 500 at 3000, up
12% on the year, Calvasina says.
“I’m calmly bullish,” she adds.
Investors, for their part, are just plain bullish. The American Association of Individual Investors survey showed that
48.7% of respondents use that word to describe themselves,
a big drop from the previous week’s 59.8%, but still well
above the historical average of 38.5%. And that optimism may
be translating into action. John Augustine, chief investment
officer at Huntington Private Bank, notes that flows in equity
mutual funds and exchange-traded funds have been picking
up. “The market may have a new fuel source,” he says.
Like RBC’s Calvasina, Julian Emanuel, chief equity and
derivatives strategist at BTIG, expects the S&P 500 to hit
3000 by the end of the year. He also published an upside case
that could see the S&P 500 hit 3400 by year end, a 22% gain
from Friday’s close—a gain that isn’t propelled by animal
Dow Jones Industrials
CLOSE 25803.19
PERCENTAGE CHANGE: 52-Wk +29.76 YTD +4.39 Wkly +2.01
24700
23400
22100
20800
19500
J
F
M
S&P 500
A
M
J
J
A
S
O
N
D
J
CLOSE 2786.24
PERCENTAGE CHANGE: 52-Wk +22.49 YTD +4.21 Wkly +1.57
2650
2500
2350
2200
J
F
M
A
M
J
Nasdaq Composite
J
A
S
O
N
D
J
CLOSE 7261.06
PERCENTAGE CHANGE: 52-Wk +30.26 YTD +5.18 Wkly +1.74
6800
6300
5800
5300
J
F
M
A
Barron’s 400
M
J
J
A
S
O
N
D
J
CLOSE 743.94
PERCENTAGE CHANGE: 52-Wk +21.91 YTD +4.64 Wkly +2.19
715
675
635
595
J
F
M
A
M
J
J
A
S
O
N
D
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Source: Barron’s Statistics
M4
BARRON’S
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spirits or a massive pickup in growth. Instead, it’s more of the same: The U.S. economy grows at a 2.5% to 3% clip, interest
rates don’t climb too much, and volatility remains low. “If those numbers remain as
placid and predictable as 2017, you get to
3400,” Emanuel says.
Imagine that.
Navigating the Trade Wars
Like thieves who create a distraction to mask
their crime, the bond market’s brief selloff
last week drew attention away from what
might be the real issue: U.S. trade relations.
When the S&P 500 dipped 0.1% this past
Wednesday—ending a streak of six record
highs to start the year—turmoil in the bond
market was blamed. And for good reason.
Japan, for one, was thought to be reducing
some of its bond purchases, and Bloomberg
reported that China was considering halting
its Treasury purchases. Ten-year Treasury
yields jumped as high as 2.6%, and their
rise was blamed for the market losses.
Overlooked by some amid the bond apocalypse that wasn’t were reports that President
Donald Trump was preparing to exit the
North American Free Trade Agreement. But
it wasn’t lost on the shares of companies with
exposure to Mexico and Canada. Auto companies like General Motors (GM) and railroads like Kansas City Southern (KSU) suffered painful selloffs.
And even the Bloomberg report, which
was denied by Chinese officials, might have
been floated as a reminder that China has
ammo if the U.S. decides to place tariffs on
Chinese goods. It’s also a reminder that
trade tensions—as much as what happens in
the bond market—are likely to be a source of
volatility for the market in the year ahead.
So should we worry about an all-out
trade war with China sinking the stock market? While the story about China selling
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01-IB18-1134
Treasuries was quickly labeled “fake news,”
Wall Street embraced the notion that China
was sending a message to the U.S.—we
have financial weapons at our disposal.
That doesn’t mean they’ll get used, however. Deutsche Bank strategist Alan Ruskin, for one, notes that it would be very
hard for China to eliminate U.S. debt from
its reserves if only because it doesn’t have
many other options. More important,
Wednesday’s blip shows that just a small
amount of turmoil in the Treasury market
has the potential to upend the stock market, and Trump, through his tweets, has
made clear that it’s crucial for him that the
stock rally continues.
“What is pretty clear is that in hurting
each other, China and the U.S. will hurt
themselves,” Ruskin explains. “That is the
glue that supports the status quo.”
Nafta is more complicated. Nomura economist Lewis Alexander notes that Trump
avoided real trade disputes, for the most
part, during the first year of his presidency.
His campaign, however, had hammered
Nafta, and he could be stuck between trying
to please his base and not damaging the
economy. “We believe the risks remain high
around President Trump pursuing a more
aggressive trade policy,” Alexander writes.
Nicholas Colas, co-founder of DataTrek
Research, doesn’t expect the president to
cancel the deal, for largely the same reason
that U.S. and China trade relations won’t
blow up: “The economy is on the upswing,”
he explains. “It makes no sense to throw a
monkey wrench into that.” That means any
selloff around Nafta or China trade headlines could be a buying opportunity, he says.
So what to buy? Autos were among the
stocks hit hardest by the selloff, with Fiat
Chrysler Automobiles (FCAU) falling as
much as 1.9%, Ford Motor (F) 0.9%, and
GM 3.3%. Fiat, Colas notes, had gained
VITAL SIGNS
Friday's
Close
Week's
Change
Week's
% Chg.
DJ Industrials
25803.19 + 507.32 + 2.01
DJ Transportation
11373.38 + 461.64 + 4.23
Last Week Week Earlier
NYSE Advances
Declines
1,775
2,026
1,284
1,025
683.91 – 16.83 – 2.40
Unchanged
52
56
8619.67 + 170.54 + 2.02
New Highs
584
475
DJ US Market
695.22 + 10.85 + 1.59
New Lows
NYSE Comp.
13294.34 + 191.11 + 1.46
DJ Utilities
Trading on margin is only for sophisticated investors with
high risk tolerance. You may lose more than your initial investment.
January 15, 2018
DJ 65 Stocks
NYSE Amer Comp.
2688.06 –
S&P 500
2786.24 + 43.09 + 1.57
S&P MidCap
1965.97 + 29.70 + 1.53
S&P SmallCap
Nasdaq
5.87 – 0.22
969.17 + 19.99 + 2.11
7261.06 + 124.50 + 1.74
Value Line (arith.)
6324.79 + 110.56 + 1.78
Russell 2000
1591.97 + 31.96 + 2.05
DJ US TSM Float
28806.69 + 457.39 + 1.61
Av Daily Vol (mil)
Dollar
(Finex spot index)
T-Bond
(CBT nearby futures)
Crude Oil
(NYM light sweet crude)
114
80
3,452.6
3,338.2
90.90
91.95
150-160
151-260
64.30
61.44
Inflation KR–CRB
(Futures Price Index)
196.06
193.45
Gold
(CMX nearby futures)
1333.40
1320.30
January 15, 2018
more than 30% so far this year on merger
speculation, though it does have a large
manufacturing center in Mexico. Ford has
less exposure to Mexico than its competitors, but investors are waiting to see if it
can deliver on initiatives like autonomous
driving, particularly the ambitious city-centric plan it laid out at last week’s Consumer
Electronics Show in Las Vegas.
If you believe Nafta won’t die, though,
GM may be the one to buy. Investors are
betting that the company is poised to deliver earnings, yet the stock sold off on
fears that a trade war could derail its
growth and impact it more than its rivals. If
the free-trade agreement remains intact, so
will GM’s earnings. And if there’s a repeat
of Wednesday’s Nafta-based selloff, consider
it a buying opportunity.
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The Faangs Have Room to Run
It’s easy to hate the Faang stocks. It’ll be
harder to make them go away.
The Faangs—Facebook (FB), Amazon.com (AMZN), Apple (AAPL), Netflix
(NFLX), and Alphabet (GOOGL), the company formerly known as Google—certainly
took it on the chin from critics and investors
this past week. The former are alarmed at
big tech’s ubiquity and its impact on everything from worker pay, politics, and social
interactions. The latter see inflated stock
prices, risks of antitrust action, and a sector
that is out of step with dominant themes of
rising rates and increasing inflation. After
years of outperformance, some would argue,
it’s time to bail on what were once the market’s hottest stocks.
Despite these woes, it’s not time to dump
the Faangs just yet. While these concerns
could limit gains in the short term, other factors suggest they have more room to run.
Don’t get me wrong—there are reasons
to be uncomfortable with the Faangs. After
tech’s big rally, the stocks look a lot more
expensive than they did even just a year
ago. And that means even the smallest slipup can have big consequences.
Exhibit A: Facebook, which has been accused of ignoring fake news on its platform
and deliberately trying to get users addicted
to its product, tumbled 4% last week after
announcing changes to its newsfeed that
could cut into profits. Apple, too, has been
criticized for not doing enough to help parents limit use of its products by children.
Even Amazon, the best performer of the
bunch, with a 6.2% rise last week, has been
hit by comments from Trump that could ultimately hurt its stock price.
In fact, the S&P 500 Information Technology Sector index gained just 0.9% last
week, even as the S&P 500 rallied 1.6%. The
big winners were industrials and energy—
both up 3.2%—as investors embraced the
BARRON’S
M5
Industry Action
Performance of DJ U.S. Ind, ranked by wkly % chg.*
Consumer Services
3.39%
Oil & Gas
3.13
Industrials
2.60
Financials
1.67
Health Care
1.60
Technology
0.91
Basic Materials
0.88
The next chapter
in investing
™
–0.12 Consumer Goods
–2.18
Utilities
–2.23
Telecommunications
* For breakdown see page M36. Source: S&P Dow Jones Indices
concept of faster growth, higher interest
rates, and reanimated inflation. The reason
tech underperformed last week is the same
reason it’s done so well in the past: The sector has some of the fastest, most predictable
growth in the market. But we’ve seen this
story before, and if economic growth disappoints—and by “disappoint,” we mean remains below a 3% annual clip—those cyclical
sectors would lag, and the Faangs and tech
could return to the front of the pack. As Michael Block, chief strategist at Rhino Trading Partners, puts it, “They’re still where
the growth is.”
But is that growth too pricey? The tech
sector, after all, has gained 40% during the
past 12 months, about 15 points more than
the second- and third-best-performing sectors, consumer discretionary and financials.
The Faangs have done even better, averaging a 50%-plus gain over that period. Yet
tech valuations don’t appear stretched. The
sector trades at 18.9 times 12-month forward earnings forecasts, a slight premium
to the S&P 500’s 18.6 times.
That’s not enough to get worried about,
says Satya Pradhuman, director of research
at Cirrus Research. “There’s still quite a lot
of room to move,” he explains. “There is a
sense of being uncomfortable with this tape,
and that’s logical. But that doesn’t mean
that the trends reverse.”
Tech is now a huge part of the S&P
500—making up one-fifth of the benchmark.
Yes, some sectors could still continue to rise,
but sustained tech weakness would likely be
very bad news—dragging down every plainvanilla index-fund investor, too. “A deterioration of technology would be very hard to
withstand at the overall index level and
would mark the transition from bull to bear
market,” says Michael Shaoul, CEO of Marketfield Asset Management.
Let’s hope it doesn’t come to that. email: ben.levisohn@barrons.com
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M6
BARRON’S
European Trader
Next’s Time Has Come in Tough U.K. Retail
by Victor Reklaitis
MANY AMERICANS KNOW BRITISH RETAIL BRANDS LIKE BUR-
For personal Do not edit or alter. Reproductions not permitted.
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British shoppers and
retailers have been
grappling with 3%
inflation, spurred by
the pound’s weakness.
berry and Harrods, but it’s a less-familiar United Kingdom
retailer that has helped cheer up its beleaguered sector in
the new year.
Next (ticker: NXT.UK) has about 700 stores that sell
clothes, shoes, and home furnishings, and runs a growing
online unit that reaches roughly 70 countries, including the
U.S. The shares, a constituent of the FTSE 100, might be
offering a good deal to investors.
The Leicester-based retailer kicked off 2018 by dishing
out encouraging forecasts as well as better-than-expected
sales from the holiday period. That has helped drive its
stock higher by some 10% so far in 2018, extending gains
over the past 12 months to around 24% versus the FTSE’s
7% advance.
Next said sales from Nov. 1 through Christmas Eve rose
by 1.5%, beating its guidance of a decline of 0.3%. The retailer gave credit in part to “much colder weather leading
up to Christmas,” implying that the nip in the air boosted
demand for coats, sweaters, and other winter apparel.
The company sounded upbeat about 2018, leading some
analysts to suggest that that might bode well for other U.K.
retailers. “Subdued consumer demand driven by a decline
in real income, the increase in experiential spending at the
expense of clothing, and inflation in our cost prices remain
challenges for 2018,” Next said in a Jan. 3 statement. “However, we believe that some of these headwinds will ease as
we move through the year; we already know that cost-price
inflation will reduce to 2% in the first half and believe it will
disappear in the second half.”
European
British shoppers and businesses have been
Markets,
grappling with inflation that has reached 3%,
page M27
spurred by the pound’s weakness since the
2016 vote to leave the European Union, or
Brexit. So it’s reassuring that Next foresees less of a
squeeze.
The company’s holiday-period growth of 13.6% for its online sales sparked bullish chatter, too. That offset a 6.1%
drop at Next’s bricks-and-mortar stores. The unit that includes Next’s web and catalog operations looks set to become the company’s engine. It provided some 45% of total
revenue in 2017’s first half, up from 42% a year earlier.
Some analysts have applauded Next’s plan to use 300 million pounds ($406 million) in cash for share buybacks, rather
than for a special dividend. Still, that’s not to say the stock’s
dividend yield, at 5%, is paltry.
Shares trade at 12 times estimated forward-year earnings. That’s been on par with Marks & Spencer’s
(MKS.UK), though Next’s rival retailer has seen its multiple
shrink to 11 in the past week after posting disappointing
holiday-period results. A popular U.S. fund that tracks
American retailers, the SPDR S&P Retail exchange-traded
fund (XRT)—is much pricier, with a forward P/E of 18.
Next’s valuation is a key reason to own the shares, say
Investec analysts, who also praised the company’s “operational flexibility to deal with a challenging market.” They
noted that shares recently changed hands at a 25% discount
to their 10-year average forward P/E. Next’s stock has
traded for more than three decades.
The Investec analysts have a Buy rating on Next shares
with a price target of 4,940 pence ($66.90), around where
the stock’s been trading lately. Given their price target,
they have warned against becoming too enthusiastic about
Next even after its latest update, which suggested that
sales in the year ahead will grow just 1% while profit declines marginally.
“Christmas wasn’t as bad as expected,” write Investec’s
Alistair Davies and Kate Calvert in a recent note. “However,
we would caution against reading too much across to other
retail stocks—the reality is that even though Next’s Christmas numbers are better than expected, the company has
still had a tough Christmas.”
One big challenge for Next is that it remains heavily dependent on the U.K., which provides around 90% of its revenue, and is expected to see relatively modest 2018 economic
growth of about 1.2%. About 540 of Next’s roughly 700
stores are in the U.K. and Ireland, while the rest are largely
franchised in continental Europe, the Middle East, and Asia.
To be sure, the consensus among 26 analyst teams that
cover Next isn’t all that bullish. Only three have the equivalent of Buy ratings, 13 say Hold, and 10 go with Sell ratings,
while the average price target is around 4,500 pence, implying a drop of nearly 10%.
But that consensus target has been wrong so far in the
new year. Next’s stock has managed to touch a two-month
high north of 5,000 pence this month. It stands comfortably
above its post-Brexit-vote low of around 3,500 pence, though
it’s still well below its 2015 high of around 8,000 pence.
In European markets last week, the main equity benchmarks produced mixed results. France’s CAC 40 and the
U.K.’s FTSE 100 were bright spots, as the French index
scored a 10-year closing high and the British benchmark
notched a fresh all-time high. VICTOR REKLAITIS is a London-based writer for MarketWatch.
January 15, 2018
January 15, 2018
BARRON’S
M7
Asian Trader
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Emerging Markets
Keyence: Japan’s New Champ
Trade Threats: Time to Buy?
by Assif Shameen
by Craig Mellow
AFTER PATIENTLY WAITING FOR YEARS, INVESTORS FINALLY HAD A GOOD YEAR IN
TALK OF TRADE WARS WILL PROBABLY BECOME LOUDER THIS YEAR. BUT EMERGING
Japan in 2017. The benchmark Nikkei 225 is up nearly 29% in U.S. dollar terms
over the past 12 months. But what drove the Nikkei to new heights were not
old-line manufacturers that were once the key cogs in the Japanese export
machine, but a new breed of cutting-edge tech-focused firms.
One of the better performers is Osaka-based Keyence (ticker: 6861.Japan),
a key player in artificial intelligence and robotics. Keyence designs and
makes advanced automation sensors and 3-D vision systems, plus more mundane products such as bar-code readers, laser markers, measuring instruments, and digital microscopes.
Keyence is a beneficiary of the AI, robotics, and industrial-automation boom.
Sales of its factory automation sensors have been particularly strong in China,
where labor costs are rising. As manufacturing grows more data intensive, factories require more sensors and vision systems to collect data and become
“smarter.” Plus, a large proportion of Internet of Things spending is on sensors
and connectivity. “Keyence has the highest exposure to upgrade-and-innovation
demand,” says Jay Huang of Sanford C. Bernstein. Keyence, with its diversified
customer base, is one of least exposed to cycles of single trends like the iPhone,
he says, and has more than half the global market share for 3-D vision systems
—a market growing 30% a year—and rising sales in China.
Its stock is up 60% over the past 12 months, 135% over the past two years,
and a whopping 407% over the past five. With a market capitalization of $70 billion, Keyence is the sixth-largest stock on the Tokyo bourse. The stock also
trades as a pink sheet (KYCCF) on the over-the-counter market in New York.
market investors need not run for cover at the first shot.
The calendar is packed with chances for President Donald Trump to fulfill
“America first” promises in the trade sphere—or seem to. Half a dozen U.S.
investigations involving Chinese trade practices wrap up over the next few
months. Two key pacts—the North American Free Trade Agreement and the
Korus accord with South Korea—are in renegotiations. “Signals are that something big is going to happen on trade fairly soon,” says Matthew Goodman of the
Center for Strategic and International Studies in Washington, D.C.
Emerging markets traditionally run on trade, particularly exports to the
U.S. Still, it’s too early to cut and run.
First, Nafta and the market it threatens, Mexico. There’s a 50-50 chance that
the Trump administration will announce a Nafta pullout this year, reckons Erin
Browne, head of asset allocation for UBS Asset Management. But that’s not the
end of the story. The U.S., Mexico, and Canada would have six months to patch
up a new accord. Congress, driven by a coalition of farm state Republicans and
coastal trade Democrats, could refuse to repeal the pact’s underlying legislation,
leaving a “zombie Nafta” with similar practical effects to the real one.
Mexican stocks, meanwhile, have priced in a lot of bad news from El Norte.
The iShares MSCI Mexico exchange-traded fund (ticker: EWW) has gained
a mere 10% over the past two years, while broader emerging markets raced
ahead by nearly 75%. That spells catch-up this year, particularly if the Nafta
clouds blow over, says Julio Zamora, Latin America equity strategist at Citigroup. “We think the market is overly pessimistic on Nafta,” he writes in a
recent note. “The Mexican market is offering an attractive entry point.”
Unlike most other Japanese tech firms, Keyence has adopted Silicon
Valley’s fabless model, outsourcing production to contract manufacturers and focusing on design, software, Tables: Asian
and sales. Until a couple of years ago, The Japanese Markets, page M27
corporate establishment derided Keyence’s outsourcing- Emerging Markets,
focused, asset-light business model. Now, many verti- Barrons.com
cally integrated Japanese manufacturers are following
it.
Goldman Sachs’ Yuichiro Isayama argues that a weaker yen and mix improvements across regions and products, tight supply, and stronger demand
for key factory automation equipment and services fueled Keyence’s growth
over the past year. Over the next two to three years, increased deployment of
AI is likely to give the stock, now at 65,900 yen ($593), a further lift.
Still, after its stellar run, Keyence stock isn’t exactly cheap. It trades at 32
times earnings for the fiscal year ending in March 2019, though plenty of
analysts believe that Keyence deserves the market premium.
Revenues rose 25.6% over the past year and are forecast at nearly 20% next
year. Net income grew 35.2% in the current fiscal year ending in March and
is projected to rise from 15% to 20% annually over the next two years. Sanford
C. Bernstein estimates gross margins at 81.7% this year and 81.5% next year,
with operating margins over 50%. Keyence could provide an added bonus over
the next 12 months if, as some analysts expect, it hikes its paltry dividend or
announces a share buyback. Bernstein’s Huang has a 78,000 yen 12-month price
target on Keyence, an upside of nearly 19%. Trade tensions between the U.S. and China are a bigger deal for the rest
ASSIF SHAMEEN writes about Asian markets from Singapore.
CRAIG MELLOW is a free-lance reporter based in Savannah, Ga.
of the world. Most ominous is the U.S.’s Section 301 investigation of China’s
“practices related to technology transfer, intellectual property and innovation.”
The widely expected guilty verdict could entitle Trump to impose retaliatory
measures worth $1 trillion, says Wendy Cutler, a former trade diplomat who is
now vice president of the Asia Society Policy Institute. That’s more than twice
the value of China’s annual exports to the U.S.
But she and Goodman both see such a nuclear option as unlikely. It would
rip up the World Trade Organization rule book and could provoke a world economic war—consequences that should give pause to U.S. Trade Representative
Robert Lighthizer, the Trump appointee in the driver’s seat. He has a range
of softer tactical options, such as targeted tariffs on steel or solar panels, or
a crackdown on Chinese investment in the U.S.
Washington also has to consider that Beijing might win a trade war. The No. 2
economy is less dependent on No. 1 than it used to be. China’s exports to the
U.S. fell to 3.4% of gross domestic product in 2016 from 7.4% a decade earlier.
Countermeasures could wallop U.S. targets—from companies like General
Motors (GM) and Apple (AAPL), which depend on China for growth, to the U.S.
Treasury, whose burgeoning debt Beijing could stop buying.
Emerging market investors can keep calm, if not quite carry on as if the
trade front will stay quiet forever. “Our core position remains bullish emerging
markets and bullish broadly speaking,” UBS’ Browne says. “But we do have
hedges on for trade-related risk.” M8
BARRON’S
January 15, 2018
Winners and Losers
NYSE BIGGEST % MOVERS
NYSE MOST ACTIVE
Winners
Name (Sym)
Volume Close Change %Chg.
EastmanKodak(KODK) 216296
DST Systems(DST)
19627
KenonHoldings(KEN)
44
WeightWatchers(WTW) 17894
CommunityHlthSys(CYH) 28207
FranklinCovey(FC)
928
EmergeEnergy(EMES) 6147
IndependenceContr(ICD)
885
9.20 +6.05 +192.1
83.51 +19.69 +30.9
29.72 +6.37 +27.3
59.44 +12.53 +26.7
5.15 +1.07 +26.2
30.45 +5.65 +22.8
9.71 +1.71 +21.4
4.91 +0.84 +20.6
Losers
Name (Sym)
Volume Close Change %Chg.
Invitae(NVTA)
Supervalu(SVU)
Express(EXPR)
AcuityBrands(AYI)
GAIN Capital(GCAP)
Teladoc(TDOC)
BlueApron(APRN)
Renren(RENN)
5737
7.58 –2.47
18418 16.33 –4.56
32738
7.26 –1.89
11787 158.74 –26.62
18927
8.40 –1.32
8840 32.65 –4.85
8104
3.41 –0.50
15595 11.42 –1.57
–24.6
–21.8
–20.7
–14.4
–13.6
–12.9
–12.8
–12.1
NYSE AMERICAN BIGGEST % MOVERS
Volume Close Change %Chg.
FTE Networks(FTNW)
252
NorthernOil&Gas(NOG) 11811
US Geothermal(HTM)
671
TelInstrElec(TIK)
386
IntelligentSys(INS)
23
Skyline(SKY)
1179
NTN Buzztime(NTN)
25
VoltInfoSci(VISI)
269
16.71
2.91
3.92
3.05
4.91
21.18
4.61
4.40
+3.71
+0.49
+0.60
+0.32
+0.51
+2.18
+0.42
+0.40
+28.5
+20.2
+18.1
+11.7
+11.6
+11.5
+10.0
+10.0
Losers
For personal Do not edit or alter. Reproductions not permitted.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or
Name (Sym)
Volume Close Change %Chg.
Pareteum(TEUM)
28985
KlondexMines(KLDX)
9037
AvalonHoldings(AWX)
46
NexGenEnergy(NXE)
1488
TrioTech(TRT)
225
VolitionRX(VNRX)
840
Electromed(ELMD)
162
GEE Group(JOB)
105
2.38
2.13
2.08
2.53
5.74
2.78
5.95
2.60
–0.45
–0.34
–0.24
–0.28
–0.58
–0.27
–0.43
–0.17
–15.9
–13.8
–10.3
–10.0
–9.2
–8.9
–6.7
–6.1
NASDAQ BIGGEST % MOVERS
Name (Sym)
Volume Close Change %Chg.
PainTherap(PTIE)
Ablynx(ABLX)
AtaraBiotherap(ATRA)
AlderBioPharm(ALDR)
GlbBloodTherap(GBT)
PTC Therap(PTCT)
NuCana(NCNA)
TandemDiabetes(TNDM)
36552
6073
5933
17389
13696
8886
429
10693
7.80 +3.46
42.28 +16.37
28.25 +9.75
17.85 +4.90
56.60 +15.10
23.29 +5.36
14.30 +3.29
3.24 +0.72
+79.7
+63.2
+52.7
+37.8
+36.4
+29.9
+29.9
+28.6
Losers
Name (Sym)
Volume Percentage Leaders
Volume Percentage Leaders
Volume Percentage Leaders
Volume %Chg. Close Change
Name (Sym)
Name (Sym)
Volume %Chg. Close Change
DST Systems(DST)
FortressTransport(FTAI)
FivePoint(FPH)
FranklinCovey(FC)
Renren(RENN)
RELX(RELX)
CrownHoldings(CCK)
SocialCapHed(IPOA)
AcuityBrands(AYI)
ParkElectrochem(PKE)
MicroFocus(MFGP)
AresManagement(ARES)
elfBeauty(ELF)
FiatChrysler(FCAU)
Invitae(NVTA)
EntergyBds66(ENO)
Build-A-Bear(BBW)
GAIN Capital(GCAP)
CivitasSolutions(CIVI)
Independence(IHC)
19627
5622
4079
928
15595
2540
20138
2379
11787
1418
16242
1572
7571
53345
5737
178
1566
18927
679
168
FTE Networks(FTNW)
252
Skyline(SKY)
1179
EvansBancorp(EVBN)
79
RingEnergy(REI)
2704
DeltaApparel(DLA)
133
Chase(CCF)
129
Goldfield(GV)
1747
GoodrichPetrol(GDP)
170
ChinaXiniyaFash(XNY)
169
StraightPath(STRP)
485
ConTomka(CTO)
93
NatlHealthcare(NHC)
185
SandstormGold(SAND) 7117
ImperialOil(IMO)
1289
ContangoO&G(MCF)
2923
HennessyCapIII(HCAC)
311
EvolutionPetrol(EPM)
414
Electromed(ELMD)
162
CheniereEnergy(LNG) 10573
BarHarborBkshs(BHB)
120
MoneyGram(MGI)
AxsomeTherap(AXSM)
SS&C Tech(SSNC)
SecooHolding(SECO)
AxovantSciences(AXON)
NatusMedical(BABY)
Ablynx(ABLX)
RichardsonElec(RELL)
Gridsum(GSUM)
SilvercrestAsset(SAMG)
SelectBancorp(SLCT)
GoPro(GPRO)
AlderBioPharm(ALDR)
CellularBiomed(CBMG)
Quotient(QTNT)
Dave&Buster's(PLAY)
DelFrisco's(DFRG)
NetScout(NTCT)
OxfordImmunotec(OXFD)
CountyBancorp(ICBK)
27922
8143
26249
10287
30975
8786
6073
392
6866
295
124
93381
17389
665
3943
21242
3767
16119
2653
129
945.7 83.51 +19.69
609.5 18.55 –1.45
530.8 14.83 +0.61
517.5 30.45 +5.65
373.1 11.42 –1.57
358.7 23.21 –0.54
305.3 58.10 +1.36
298.0 10.05 –0.02
284.1 158.74 –26.62
264.2 22.05 +1.60
255.8 31.42 –3.26
243.4 22.95 +2.85
240.3 19.26 –2.52
227.8 23.39 +1.62
227.0
7.58 –2.47
200.8 25.49 +0.09
199.4
8.25 –0.90
192.8
8.40 –1.32
182.3 17.40 –0.60
179.9 27.50 +0.15
Volume Close Change %Chg.
AxovantSciences(AXON) 30975
AxsomeTherap(AXSM) 8143
ConcertPharm(CNCE)
4370
Quotient(QTNT)
3943
NatusMedical(BABY)
8786
SelectaBiosci(SELB)
1948
Big5SportingGds(BGFV) 13138
ApellisPharm(APLS)
829
2.09
3.30
20.15
4.12
28.95
8.79
6.08
18.91
–3.28
–2.30
–7.39
–1.17
–7.45
–2.24
–1.53
–4.58
–61.1
–41.1
–26.8
–22.1
–20.5
–20.3
–20.1
–19.5
Volume %Chg. Close Change
499.1 16.71
272.9 21.18
69.8 42.70
63.8 15.70
60.3 20.84
46.9 116.20
46.1
5.00
37.2 12.35
36.7
6.25
32.4 181.90
31.6 67.06
28.5 64.09
23.8
5.17
16.9 31.17
12.4
5.58
8.6
9.85
6.8
7.25
2.4
5.95
1.3 54.73
-0.3 28.39
+3.71
+2.18
+1.60
+0.91
+0.40
–6.90
–0.05
+0.35
+0.30
–0.10
+1.57
+1.17
–0.07
–0.50
+0.14
+0.00
+0.30
–0.43
–0.47
+0.84
By Share Volume
825.7
654.1
552.6
547.4
385.9
378.2
372.3
357.1
354.7
338.2
285.8
280.9
271.2
262.0
252.8
242.3
240.6
237.2
228.9
228.9
12.65 +0.37
3.30 –2.30
49.47 +7.62
10.74 +0.86
2.09 –3.28
28.95 –7.45
42.28 +16.37
8.16 +1.21
11.78 +2.11
16.00 +1.60
13.51 +0.97
6.23 –1.29
17.85 +4.90
19.65 +1.65
4.12 –1.17
47.92 –8.45
17.00 +1.85
27.55 –3.70
12.19 –1.87
30.16 +0.99
By Share Volume
Name (Sym)
Volume Close Change%Chg.
Name (Sym)
Volume Close Change%Chg.
Name (Sym)
Volume Close Change%Chg.
GeneralElec(GE)
BankofAmerica(BAC)
EastmanKodak(KODK)
FordMotor(F)
RiteAid(RAD)
ChesapeakeEner(CHK)
AT&T(T)
SouthwesternEner(SWN)
TevaPharm(TEVA)
Gerdau(GGB)
AK Steel(AKS)
WeatherfordIntl(WFT)
FreeportMcM(FCX)
PenneyJC(JCP)
Vale(VALE)
WellsFargo(WFC)
Vipshop(VIPS)
Snap(SNAP)
Sprint(S)
Twitter(TWTR)
413288
299499
216296
199048
190310
189185
166907
153579
139886
120391
119916
112602
110979
103242
98886
96063
93244
90118
90055
89302
InspireMD(NSPR)
DPW(DPW)
BioPharmX(BPMX)
Pareteum(TEUM)
NewGold(NGD)
B2Gold(BTG)
CamberEnergy(CEI)
22ndCentury(XXII)
ChinaPharma(CPHI)
NorthernDynasty(NAK)
AmpliphiBiosci(APHB)
NorthernOil&Gas(NOG)
SRC Energy(SRCI)
Hemispherx(HEB)
CheniereEnergy(LNG)
Globalstar(GSAT)
PlatinumGrpMtls(PLG)
EnerJexRscs(ENRJ)
TransEnterix(TRXC)
KlondexMines(KLDX)
217105 0.15 +0.02 +14.9
48560 2.73 –0.12 –4.2
45869 0.12 +0.01 +7.3
28985 2.38 –0.45 –15.9
26841 3.39 –0.04 –1.2
25816 3.07 +0.09 +3.0
24341 0.13 –0.01 –5.5
23092 3.34 +0.14 +4.4
22255 0.49 +0.02 +4.8
13989 1.68 –0.08 –4.5
13159 1.12 –0.25 –18.2
11811 2.91 +0.49 +20.2
11689 9.00 +0.20 +2.3
11417 0.53 +0.16 +45.2
10573 54.73 –0.47 –0.9
10500 1.30 +0.03 +2.4
10105 0.50 +0.11 +28.9
9418 0.21 –0.00 –1.1
9304 1.99 –0.07 –3.4
9037 2.13 –0.34 –13.8
MicronTech(MU)
Intel(INTC)
Novavax(NVAX)
SiriusXM(SIRI)
Facebook(FB)
Apple(AAPL)
Comcast A(CMCSA)
Microsoft(MSFT)
CiscoSystems(CSCO)
GoPro(GPRO)
NVIDIA(NVDA)
Xunlei(XNET)
ApplMaterials(AMAT)
JD.com(JD)
eBay(EBAY)
Seagate(STX)
21stCenturyFoxA(FOXA)
MarvellTech(MRVL)
GileadSciences(GILD)
Celgene(CELG)
215824 42.81
188219 43.24
168611 1.61
130868 5.48
126946 179.37
109532 177.09
107380 42.44
101494 89.60
101371 40.87
93381 6.23
68036 222.98
67131 16.63
60407 53.45
57769 46.40
56212 38.02
51644 51.26
49042 36.73
48048 23.84
44378 79.02
42180 106.00
18.76
31.19
9.20
13.23
2.39
4.28
36.90
5.47
22.07
4.66
6.19
4.25
19.75
4.05
13.53
62.55
14.51
14.11
5.69
25.41
+0.22 +1.2
+0.86 +2.8
+6.05+192.1
+0.03 +0.2
+0.36 +17.7
+0.29 +7.3
–1.24 –3.3
–0.12 –2.1
+2.85 +14.8
+0.52 +12.6
–0.42 –6.4
+0.38 +9.8
–0.15 –0.8
+0.44 +12.2
+0.44 +3.4
–0.20 –0.3
+2.14 +17.3
–0.39 –2.7
–0.11 –1.9
+1.09 +4.5
By Dollar Volume
Winners
NASDAQ MOST ACTIVE
Name (Sym)
By Share Volume
Winners
Name (Sym)
NYSE AMERICAN MOST ACTIVE
By Dollar Volume
Name (Sym)
$ Volume Close Change%Chg.
Name (Sym)
Alibaba(BABA)
BankofAmerica(BAC)
Boeing(BA)
GeneralElec(GE)
JPMorganChase(JPM)
AT&T(T)
WellsFargo(WFC)
Citigroup(C)
ExxonMobil(XOM)
Caterpillar(CAT)
Schlumberger(SLB)
Chevron(CVX)
DeltaAir(DAL)
Target(TGT)
GoldmanSachs(GS)
Verizon(VZ)
HomeDepot(HD)
Visa(V)
Square(SQ)
CVS Health(CVS)
8869114 187.79
8505443 31.19
6281768 336.21
5985983 18.76
5595025 112.67
4556000 36.90
4389997 62.55
4043302 76.84
3968601 87.52
3440994 170.30
3189252 77.97
3081205 133.60
3011265 59.83
2987552 76.80
2851232 257.03
2765194 51.86
2663763 196.42
2638593 120.09
2617723 41.25
2594592 78.78
CheniereEnergy(LNG)
DPW(DPW)
SRC Energy(SRCI)
NewGold(NGD)
B2Gold(BTG)
22ndCentury(XXII)
StraightPath(STRP)
Pareteum(TEUM)
ImperialOil(IMO)
RingEnergy(REI)
SandstormGold(SAND)
NorthernOil&Gas(NOG)
NorthernDynasty(NAK)
InspireMD(NSPR)
ParPacific(PARR)
CheniereEnerPtrs(CQP)
NovaGoldRscs(NG)
KlondexMines(KLDX)
GranTierraEner(GTE)
MAG Silver(MAG)
–2.91 –1.5
+0.86 +2.8
+27.37 +8.9
+0.22 +1.2
+4.33 +4.0
–1.24 –3.3
–0.20 –0.3
+1.43 +1.9
+0.77 +0.9
+8.34 +5.1
+4.37 +5.9
+5.70 +4.5
+3.86 +6.9
+10.25 +15.4
+1.51 +0.6
–0.62 –1.2
+3.92 +2.0
+1.23 +1.0
+0.11 +0.3
+0.33 +0.4
–2.99
–1.50
+0.32
+0.15
–7.48
+2.09
+1.40
+1.41
+1.34
–1.29
+7.58
–2.20
–1.15
+0.76
–1.67
+8.32
–0.02
+0.84
+4.50
+1.01
–6.5
–3.4
+24.8
+2.8
–4.0
+1.2
+3.4
+1.6
+3.4
–17.2
+3.5
–11.7
–2.1
+1.7
–4.2
+19.4
–0.1
+3.7
+6.0
+1.0
By Dollar Volume
$ Volume Close Change%Chg.
387018 54.73
101249 2.73
84903 9.00
83606 3.39
60456 3.07
59440 3.34
53767 181.90
46191 2.38
35026 31.17
32532 15.70
27651 5.17
26506 2.91
23515 1.68
22270 0.15
21550 18.93
20022 30.56
17923 3.96
16708 2.13
16276 2.97
14985 12.21
–0.47
–0.12
+0.20
–0.04
+0.09
+0.14
–0.10
–0.45
–0.50
+0.91
–0.07
+0.49
–0.08
+0.02
+0.10
+0.86
+0.10
–0.34
+0.09
–0.24
–0.9
–4.2
+2.3
–1.2
+3.0
+4.4
–0.1
–15.9
–1.6
+6.2
–1.3
+20.2
–4.5
+14.9
+0.5
+2.9
+2.6
–13.8
+3.1
–1.9
Name (Sym)
Facebook(FB)
Amazon.com(AMZN)
Apple(AAPL)
NVIDIA(NVDA)
Tesla(TSLA)
Microsoft(MSFT)
MicronTech(MU)
Intel(INTC)
Netflix(NFLX)
Alphabet A(GOOGL)
Alphabet C(GOOG)
Comcast A(CMCSA)
CiscoSystems(CSCO)
Celgene(CELG)
ApplMaterials(AMAT)
GileadSciences(GILD)
Priceline(PCLN)
JD.com(JD)
Costco(COST)
Broadcom(AVGO)
$ Volume Close Change%Chg.
16539367 179.37
132356111305.20
12719763 177.09
10103355 222.98
6752334 336.22
6139020 89.60
6069584 42.81
5383846 43.24
4395014 221.23
37466371130.65
33295631122.26
3294392 42.44
2915167 40.87
2854725 106.00
2257881 53.45
2016394 79.02
18970151919.40
1884943 46.40
1884849 191.84
1838467 264.29
–7.48
+76.06
+2.09
+7.58
+19.64
+1.41
–2.99
–1.50
+11.24
+20.36
+20.03
+1.40
+1.34
+1.01
–1.15
+4.50
+95.86
+0.76
+4.09
–7.33
–4.0
+6.2
+1.2
+3.5
+6.2
+1.6
–6.5
–3.4
+5.4
+1.8
+1.8
+3.4
+3.4
+1.0
–2.1
+6.0
+5.3
+1.7
+2.2
–2.7
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
January 15, 2018
BARRON’S
M9
Current
Yield
Bond Markets
How Fierce Is This Bond Bear?
Bond Center
GLOBAL SHORT-TERM RATES
$
by Mary Childs
For personal Do not edit or alter. Reproductions not permitted.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or
THE BOND BEAR MARKET
has finally arrived, according to Bill Gross. The 73year-old Pimco co-founder,
who helped invent modern
bond trading, tweeted on
Jan. 9, “Bond bear market
confirmed today,” citing “25 year long-term
trendlines broken in 5yr and 10yr maturity
Treasuries.”
Bond investors are rattled, as 2018 has
kicked off with dropping prices and rising
yields, with the rate on the 10-year U.S. government note climbing to nearly 2.6%—the
level Gross has designated as the threshold
marking the end. “Bonds, like men, are in a
bear market,” he reiterated in a market
commentary, referencing the recent spate of
sexual-harassment allegations.
Astute investors will recall this is hardly
the first time Gross has declared the bond
rally dead. He’s cautioned clients to concern
themselves more with the return of their
money, rather than on their money, for at
least a decade—a paradigm in which the
ideal solution is a core bond offering like the
Pimco Total Return fund he once managed.
Now, as it happens, he oversees the
$2.2 billion Janus Henderson Global Unconstrained Bond fund, just when a flexible
mandate is the ideal strategy.
Bond buyers have benefited from decades of advantageous market trends, with
the yield on the 10-year Treasury marching
generally lower since 1981. But they never
believe their good fortune will last. Every
year since 2011, Wall Street has predicted
rates will rise, according to David Rosenberg at Gluskin Sheff. Every year, a new
spate of confident commentators and boldname investors declare the death of the
rally. And every year, they are disappointed.
The setup this time around is similar: The
consensus sees the 10-year Treasury settling
around 2.75% by year end, according to
Rosenberg. Higher interest payments to
bondholders are a good thing for investors,
but getting there is painful: The last time
rates rose substantially, in 2013’s “taper tantrum,” the Barclays U.S. Aggregate Bond
come, it isn’t clear they can defend bonds by
themselves. Still, investors can take comfort
that Gross’ forecast isn’t so bad. He expects
yields to tick up to perhaps 2.7%. Not much
to roar about. “Annual returns should still
likely be positive, although marginally so,”
he wrote.
Pimco Chief Investment Officer Dan
Ivascyn, for one, says it’s too early to call a
bear market. He told Reuters that Treasuries appear more interesting now, especially
on the shorter side of the yield curve.
For years, investors have waited for the
bogeyman of inflation and fretted over low
volatility. An uptick in either would be a tell
that the bear is real.
Gross’ calls can take some time to become correct. Pimco Total Return underperformed in the run-up to the financial crisis,
but his warnings were proven right in late
2007 and 2008. His more-recent warnings of
the breakdown of capitalism and the end of
the “supercycle” in credit and equities have,
so far, been premature.
But even amid this week’s market turmoil, investors happily snapped up 10-year
and 30-year Treasuries at auctions, pushing
yields down. After years of depressed rates,
investors are quick to jump when they see
any yield uptick.
If this is a bear market, it’s a timid one.
Hanging tight on short-dated Treasuries or
credit should insulate investors from volatility, while still providing some room to escape
if things move faster than anticipated. email: mary.childs@barrons.com
Euro
GLOBAL LONG-TERM RATES
Yen
10-Yr. U.S.
T-Note
1.9%
Index lost 2%. Short-term Treasuries eked
out small gains, while long ones lost 12%.
Yet something feels different now. Evidence is mounting that bonds may finally
come under pressure. Economic growth has
been strong, and looks to continue despite
political clouds. Wages are inching up. The
Federal Reserve has been slowly raising
rates. China may cut its Treasury reserves,
or at least not increase them. The Bank of
Japan pruned its government debt buying.
While aging populations love fixed in-
£
U.K Gilts
German
Bunds
3%
1.5
1.1
2
0.7
0.3
1
-0.1
Aug
Sep
Oct
Nov
Dec
Jan -0.5
Aug
U.S. TREASURY YIELD CURVE
1/13/2017
12/15/2017
Sep
Oct
Nov
Corporate High Yield
30 yr = 2.855
2.5
1.3
3M
6M
2Y
10 yr = 2.551
5Y
10Y
30Y
Jan
0
U.S. Credit - Libor Rate
1/12/2018
Munis
3.8% 2.2
2 yr = 2.001
Dec
0.0
Libor
Libor = 2.17
7%
2.1
6
2
5
1.9
4
1.8
3
1.7
2
1.6
1
1.5Aug
Sep
Oct
Nov
Dec
0
Jan
Week's Most Active
INVESTMENT GRADE
Issuer Name
Symbol
Coupon
High
Low
Teva Pharmaceutical
Intesa Sanpaolo Spa
Teva Pharmaceutical
Lloyds Banking
Athene Holding Ltd
Credit Agricole Sa
At&T
TEVA
ISPIM
TEVA
LLOYDS
ATH
ACAFP
T
3.150
3.875
2.800
4.344
4.125
4.000
5.150
Maturity
Oct 01, 2026
Jan 12, 2028
Jul 21, 2023
Jan 09, 2048
Jan 12, 2028
Jan 10, 2033
Feb 14, 2050
Est Vol**
604,881
543,289
445,846
408,543
395,522
393,895
377,365
84.908
99.606
89.216
100.535
100.752
100.500
101.359
82.977 84.095
98.637 99.524
87.500 88.625
97.850 100.535
99.894 100.354
98.863 99.761
99.995 101.138
Last
SUN
ESV
SUN
RAD
SUN
ARMK
S
4.875
7.750
5.500
6.125
5.875
5.000
6.875
Jan 15, 2023
Feb 01, 2026
Feb 15, 2026
Apr 01, 2023
Mar 15, 2028
Feb 01, 2028
Nov 15, 2028
538,378
506,598
441,244
428,008
412,103
323,668
316,026
102.125
103.205
102.188
94.563
102.912
102.500
105.563
Change
Yield
0.913
-0.082
1.026
0.505
n.a.
0.136
0.692
5.470
3.933
5.200
4.312
4.081
4.029
5.077
n.a.
n.a.
n.a.
3.125
n.a.
n.a.
2.500
4.323
7.497
5.046
7.480
5.469
4.627
6.201
HIGH YIELD
Sunoco Lp
Ensco
Sunoco Lp
Rite Aid
Sunoco Lp
Aramark Services
Sprint Capital
100.021
101.250
100.125
90.750
100.000
100.150
102.020
102.000
101.500
102.000
94.250
102.625
102.480
105.250
CONVERTIBLE
EXAS
1.000 Jan 15, 2025
423,034 102.500 98.500 101.592
n.a.
0.766
Exact Sci
COUP
0.375 Jan 15, 2023
310,230 103.250 100.125 102.304
n.a. -0.085
Coupa
CIEI
3.125 May 15, 2024
141,829 33.125 27.550 31.500
n.a. 25.465
Cobalt International Energy
ESV
3.000 Jan 31, 2024
136,338 98.762 94.250 98.375
4.062
3.299
Ensco Jersey Finance Ltd
TER
1.250 Dec 15, 2023
135,324 154.265 148.038 150.075 -2.887 -5.743
Teradyne
WDAY
0.250 Oct 01, 2022
122,757 103.648 101.250 103.573
1.698 -0.499
Workday
JAZTEL
1.500 Aug 15, 2024
107,437 99.211 94.265 98.496
3.424
1.743
Jazz Investments I Ltd
* Denotes a security whose last round lot trade did not take place on the last business day prior to publication. **(000).
Source: MarketAxess Corporate BondTicker
M10
BARRON’S
January 15, 2018
Striking
Price
Options
The Smart Money Is Still Hedging
Equity Options
CBOE VOLATILITY INDEX
by Steven M. Sears
EVEN THE MOST CASUAL
reader of financial media
could get the idea that no
one with a functioning intellect is hedging a historically high stock market.
All investors, great
and small, are, as the common narrative
goes, continuing to buy the dip because that
has worked beautifully since about March
of 2009. While that approach does indeed
retain some merit, don’t believe the nonsense that sophisticated investors are letting risk, unrealized capital gains, and historically low index and equity volatility flap
in the market’s wind like a tarp that hasn’t
been tied down.
For personal Do not edit or alter. Reproductions not permitted.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or
Index put skew remains elevated, which
indicates that investors are indeed buying
puts to hedge markets. Puts, as most
know, increase in value when associated
security prices decline. If investors are
concerned that the Standard & Poor’s 500,
or some other benchmark index, might
edge lower from historical highs, they buy
puts. And such trades are happening every
day—even if they don’t fit the public narrative that basically expresses itself as
buy, buy, buy.
Last Tuesday, for example, in the first 30
minutes of trading, an investor bought
30,000 SPDR S&P 500 ETF Trust (ticker:
SPY) June $230 puts at $1.34 in one transaction, when the exchange-traded fund was
around $274. The most likely explanation is
that the purchaser was hedging the gains in
a stock portfolio that tracks the S&P 500.
Moreover, calls on the CBOE Volatility
Index, or VIX—often described as the S&P
500 put on steroids—remain perennially active. Investors buy VIX calls when they
think S&P 500 volatility will increase. If the
VIX rises, the calls increase in value.
In a trade that can be considered emblematic of positioning that is often too
complicated for many pundits and inexperienced reporters, a major investor adjusted
a massive hedge. The investor bought
nearly 107,000 VIX February $17 calls and
VIX Close
sold close to 192,000 VIX February $192
calls. The spread basically expressed a view
that VIX would remain below $17 through
February expiration. The $22 call was the
hedge against that proving wrong. The investor opened a new position, selling about
177,000 March $17 calls and buying about
210,000 March $22 calls.
The VIX activity is a reminder that only
knuckleheads don’t manage risk. The interest in hedging, or positioning for volatility
to pop, probably explains the recent rally in
shares of Cboe Global Markets (CBOE),
which exclusively lists futures and options
on VIX, and options on the S&P 500.
Cboe’s stock just reached an all-time high.
In short, people without much money
rarely hedge. Why? Their greater risk is
not making money, rather than protecting
what they have. The risk is different at
higher income levels.
At Oppenheimer, for example, Michael
Schwartz, the firm’s chief options strategist,
says clients increasingly want to hedge
stocks. “Everyone wants to buy puts,”
Schwartz said. “No one believes the market
won’t come down at some point.”
And not without reason. Bank of
America Merrill Lynch strategists, for example, recently told clients 2017 was the
fourteenth year without the S&P 500 closing below its 200-day moving average,
which is rare.
Schwartz has advised clients to consider buying puts on the technology sector.
His recommended hedge: purchasing Powershares QQQ Trust Series 1 April $160
puts (QQQ) for $3.83, when the underlying
exchange-traded fund was at $162.58. If
the ETF declines by 6.12%, the put buyer
realizes a 100% return. If the market
keeps advancing, reset the trade and adjust the strike price to reflect QQQ’s
higher price.
Bottom line: A hedge preserves your
edge. Twitter ID: @sm_sears
e-mail: steve.sears@barrons.com
THE EQUITY-ONLY PUT-CALL RATIO
VIX Futures
Put-Call Ratio
S&P 500 Index
18
150
16
125
14
100
12
75
10
F M A M
Daily Values
J
J
A
S
O
8
N D J
Source: CBOE
F
M
A M
SPX SKEW
NDX SKEW
Implied volatility %
Implied volatility %
J J A S O N D J 50
Source: McMillan Analysis Corp.
12%
12%
11
10
10
9
8
8
6
F M A M J J A S O N D J
Source: Credit Suisse Equity Derivatives Strategy
7
F M A M J J A S O N D J
Source: Credit Suisse Equity Derivatives Strategy
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.
Week's Most Active
Company
Symbol
Tot Vol
Calls
Puts
Avg Tot Vol
IV %ile
Ratio
KODK
275027
159493
115534
1148
100
239.6
Eastman Kodak
NTWK
3141
2635
506
108
6
29.1
Netsol Int'l
MSM
15073
11551
3522
864
64
17.4
MSC Industria
DST
8904
7231
1673
616
0
14.5
DST Systems
CERS
7555
6695
860
600
43
12.6
Cerus
COGT
17406
14402
3004
1464
90
11.9
Cogint
PRGS
3526
1953
1573
348
46
10.1
Progress Software
SNX
5968
2988
2980
644
1
9.3
Synnex
ELF
6267
2173
4094
748
61
8.4
e.l.f. Beauty
NVAX
76294
68619
7675
9224
95
8.3
Novavax
LGCY
3912
3168
744
524
59
7.5
Legacy Reserves
AFSI
37247
28456
8791
5028
56
7.4
AmTrust Fin'l Services
KBH
52725
31766
20959
7260
28
7.3
KB Home
GTLS
4407
3913
494
620
9
7.1
Chart Industries
ARRY
43257
37309
5948
6300
52
6.9
Array Biopharma
WBAI
2881
2736
145
432
77
6.7
500.com Ltd
SSNC
12279
11271
1008
1948
99
6.3
SS&C Technologies
ALDR
6915
5655
1260
1124
36
6.2
Alder Biopharmaceuticals
ACOR
10305
2207
8098
1688
36
6.1
Acorda Therapeutics
AMED
3870
2556
1314
672
37
5.8
Amedisys
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 preannouncements, biotech FDA hearings or drug trial result announcements, and so forth. Dividend arbitrage has been eliminated. In
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
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
January 15, 2018
BARRON’S
Commodities Corner
Oil Could Hit $80 a Barrel in 2018
by Myra P. Saefong
For personal Do not edit or alter. Reproductions not permitted.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or
TIGHTENING GLOBAL SUPPLIES AND RISING DEMAND FOR CRUDE OIL HELPED
prices for the commodity start the year with a bang—hitting their highest levels
in more than three years—and many analysts believe the market has the fuel
it needs to continue the rally to as high as $80 a barrel.
“The reason that oil will soar is the oldest story in the oil world: Low prices
created strong demand and growth, and now that demand is leading the way,”
says Phil Flynn, senior market analyst at Price Futures Group.
Oil futures suffered hefty declines in 2014 and 2015, as a global glut in
supplies and the Organization of Petroleum Exporting Countries’ unwillingness
to significantly curb production amid fear of market-share loss sliced the per
barrel oil price roughly in half.
On Friday, it notched its highest levels since December 2014, with West
Texas Intermediate crude, the U.S. benchmark, settling at $64.30 a barrel on
the New York Mercantile Exchange and global benchmark Brent crude ending
at $69.87 on the ICE Futures Europe exchange.
Flynn expects WTI oil prices to average $67 in 2018, and says they will
probably spend some time trading over $70. If OPEC keeps its crude production-cut deal till the end of this year, WTI prices could
Commodity Indexes,
hit $80 a barrel, he says.
Barrons.com
U.S. crude supplies have fallen for eight weeks in
a row, for a total drop of more than 39 million barrels,
according to the Energy Information Administration. That marks the “biggest
drop in history in the shortest amount of time,” says Flynn, a “sure sign that
the U.S. oil market is in deficit versus demand.”
The International Energy Agency pegged average 2017 global oil demand
at 97.8 million barrels a day, up 1.6% from 2016, according to a report released
in mid-December. It showed that global oil supply in November also stood at
97.8 million barrels a day, down 1.1 million barrels a day from a year earlier.
The IEA forecasts a further rise in 2019 demand to 99.1 million barrels.
Global demand is rising by over one million barrels a day per year, more
“than offsetting incremental production from U.S. shale producers,” says Jay
Hatfield, co-founder of Infrastructure Capital Management.
He expects “robust global demand,” on strong economic growth, to drive oil
prices higher this year, forecasting WTI oil prices in the $60 to $70 range during 2018, “with risk to the high side.” Higher prices may bring good returns
for oil stocks and master limited partnerships, too, he says.
In recent weeks, geopolitical factors have added support to oil prices, with
unrest in Iran, OPEC’s third-largest crude producer, and a crisis in Venezuela
threatening output.
But analysts point out some potential headwinds for prices. It’s fair to say
that “too high a price will equal too much oil,” says Denton Cinquegrana, chief
oil analyst at the Oil Price Information Service. Cooperation with the output
cuts has been “incredible,” he says, with the final quarter of 2017 seeing a
nearly 100% compliance rate, according to the EIA. But “the temptation to
cheat” may increase along with prices, Cinquegrana says.
Non-OPEC producers, particularly Russia, which participates in the output
deal, and the U.S., which does not, are key. “Russia and other oil producers,
including the Gulf countries, have re-initiated investment in their oil sectors,
and that will lead to increased output down the line, which will surely affect
prices,” says Omar Al-Ubaydli, a program director at the Bahrain Center for
Strategic, International and Energy Studies.
Meanwhile, “shale remains an enigma; rig counts are in a perpetual game
of cat-and-mouse with conventional oil,” he says, with shale oil costs expected
to start rising sharply “once they have extracted all of the low-hanging fruit.”
The Trump administration’s plan to open up more U.S. offshore areas to oil
and natural-gas drilling as part of a five-year plan may also pressure prices.
The focus for investors could return to the “growing supply led by increasing oil production, rising exports, and potential drilling-friendly policies in the
U.S.,” says Maxwell Gold, director of investment strategy at ETF Securities.
Those factors may “see the oil price fall back down to $45-to-$60 a barrel within
the first half of 2018.” But “further market rebalancing coupled with rising
inflation expectations and a tepid U.S. dollar could help prices find stability
within the second half of the year,” he says. MYRA P. SAEFONG writes about commodities for MarketWatch.
To obtain a copy of the prospectus, call 1-800-920-0259 or to download a copy, visit http://www.uscfinvestments.com/pro/usci or write to ALPS Distributors, Inc.,
1290 Broadway, Suite 1100, Denver, CO 80203.
Fund distributed by ALPS Distributors, Inc.
Commodities and futures generally are volatile and are not suitable for all investors. The fund is speculative and involves a high degree of risk. An investor may lose all or substantially all of an investment
in USCI. Funds that focus on a single sector generally experience greater volatility. USCI and its design mark, service mark and trademark are owned by United States Commodity Funds LLC.
M11
M12
BARRON’S
13D Filings
of $17.70 and $18.08 between Dec. 20 and
Jan. 2.
Investors Report to the SEC
13Ds are filed with the Securities and Exchange Commission within 10 days of an entity’s
attaining a greater than 5% position in any class of a company’s securities. Subsequent
changes in holdings or intentions must be reported in amended filings. This material has
been extracted from filings released by the SEC from January 4 through January 10, 2018.
Source: InsiderScore.com
Activist Filings
In a Jan. 9 filing, Icahn Capital disclosed
a stake of 4,818,832 shares or 13.5% of Sandridge’s outstanding stock.
In the same filing, Icahn disclosed a letter to the Sandridge board indicating that
it was pleased with its choice to terminate
a $746 million merger with Bonanza Creek
Energy (BCEI), but still harbored “grave
concerns” over the lack of discussion with
shareholders concerning the deal. As described in the letter, a move that Icahn felt
was “especially insulting” was management’s “post-bankruptcy promise to protect
the balance sheet” and concentrate on
“generating free cash flow.”
The investor went on to say that it
found the board’s lack of accountability regarding CEO James Bennett’s “ill-advised
acquisition binge, a bankruptcy filing,
and…a $90 million pay-out to the former
CEO” questionable, especially as they
caused “massive value destruction” to
shareholders.
To ensure that such events are not repeated, Icahn encouraged Sandridge to
immediately adopt the following changes:
Allow Icahn to nominate a new director to
a reconstituted board; provide that future
“extraordinary transactions,” including acquisitions or executive compensation, require a super majority of the board; and
lastly, drop the poison pill policy it adopted
prior to the failed Bonanza Creek merger.
Original Filings
Union Bankshares (UBSH)
CapGen Capital Group disclosed its initial stake in the regional bank on Jan. 10,
revealing ownership of 4,779,460 shares,
equal to 7.3% of the outstanding stock.
Banx for Barron’s
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Sandridge Energy (SD)
InsiderScore.com is a provider of insider,
institutional, and stock-buyback data,
analytics, and research. For a free analysis of
your holdings, visit InsiderScore.com or
call 866-400-9595.
Houston Wire & Cable Co. (HWCC)
Nierenberg Investment Management
bought 85,479 shares of the electrical wire
manufacturer at prices between $6.40 and
$7.12 each during Dec. 15 and Jan. 3, lifting its holdings to 1,487,830 shares of common stock, equal to 9% of all publicly
traded shares.
Decreases in Holdings
The purchase was for “investment purposes” and not intended to “exercise control” over the bank’s operations. CapGen
did note that it has had discussions with
management and will seek further engagement “in light of current economic and industry conditions.”
CVR Partners (UAN)
Increases in Holdings
Rowan Cos. (RDC)
Lennar Class B (LEN.B)
Gamco Investors (GBL) increased its ownership to 3,688,612 B shares, equal to
10.2% of outstanding class B stock, after
the purchase of 9,734 and the sale of 3,160,
all executed at prices from $51.54 to $54.76
apiece during the first five 2018 trading
days, from Jan. 2 through Jan. 8.
Safety, Income & Growth (SAFE)
Istar Financial raised its stake in the
New York–based REIT to 6,856,397 shares
of common stock, or 37.7% of all tradable
shares, after the purchase of 173,569 under
a 10b5-1 trading plan at a per share range
Blackstone Group sold 1,852,334 shares
executed at prices ranging from $3.40 and
$3.73 apiece between Dec. 20 and Jan. 3
resulting in a reduced stake of 7,770,586
shares or 6.9% of all publicly traded stock
of the Texas-based fertilizer company.
Blue Harbour Group reduced its position in the offshore oil and gas driller to
5,809,800 common shares following the
sale of 2,938,612 shares from Jan. 8
through Jan. 10. All sales were executed
in a per-share price range from $16.43 to
$17.06 apiece.
SeaChange International (SEAC)
VIEX Capital Advisors divested itself of
1,467,828 shares, cutting its ownership by
nearly half to 1,759.393 shares, or 5% of
all outstanding stock. The sales were executed at prices ranging from $3.46 to
$3.96 apiece from Dec. 8, 2017, through
Jan. 5, 2018.
January 15, 2018
The Activist Spotlight
Out With 2017
In With 2018
Key Numbers:
69: number of activist 13D filings
in 2017 on companies of $100 million
market cap or greater (versus 61 in
2016)
$4.2 billion: average market cap
of those 69 companies (versus $2.0
billion in 2016)
37: number of different 13D filers
of the 69 filings (versus 45 in 2016)
51%: percentage of those 13D filings that were on companies in the
consumer discretionary, information
technology, and health care industries (versus 61% in 2016)
Behind the Numbers: 2017
marked a normalization of activist
activity after a decline in 2016. The
majority of activism was done by
experienced activists. Newcomers to
shareholder activism continued to
go away, with only 37 different 13D
filers in 2017, versus 45 in 2016 and
60 in 2015. Many of the major activists increased their 13D activity, including Elliott, Starboard, JANA,
ValueAct, Corvex and Blue Harbour.
Even Carl Icahn had one activist
13D filing in 2017, versus none in
2016.
Elliott and Starboard continue to
be the most prolific filers with nine
and six activist 13D filings, respectively, versus four and five respectively last year. The trend of a decline in 13D filers with multiple
filings reversed with 15 investors
who had two or more material 13D
filings in 2017 versus 11, 12 and 16
investors in 2016, 2015 and 2014, respectively. The top industries targeted remained somewhat consistent except for a drop in industrials
from 18% to 9% and a rise in energy from 2% to 13%.
—KENNETH
SQUIRE
This report was prepared by The 13D
Activist Fund, a mutual fund run by an
affiliate of the author and not connected
to Barron’s. In addition, the author publishes and sells 13D research reports,
whose buyers may include representatives of participants in, and targets of,
shareholder activism.
January 15, 2018
BARRON’S
M13
Research Reports
How Analysts Size Up Companies
Edited by Paul Farrell
These reports, excerpted and edited by Barron’s, were issued recently by investment and
research firms. The reports are a sampling of analysts’ thinking; they should not be considered
the views or recommendations of Barron’s. Many of the reports may be obtained through
Thomson Reuters at thomson.com/financial. Some of the reports’ issuers have provided,
or hope to provide, investment-banking or other services to the companies being analyzed.
Amazon.com
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To reprint or license content, please contact Barron's reprints department at 800-843-0008 or
• AMZN-Nasdaq
Overweight • Price $1,252.70 on Jan. 9
by Barclays
In contrast to results in the past couple of
quarters, we think that operating income,
or OI, could have upside versus the consensus of $1.5 billion in the recent fourthquarter 2017, which will be released on
Feb. 2, with revenue growth likely to be in
line. Guidance for the coming first quarter
of 2018 is likely to point to strong revenue
and below-consensus OI. We’d add to positions on any selloff related to that outlook.
In the fourth quarter, Amazon Web
Services, the company’s cloud computing
platform) is likely to report consistent
earnings, with percentage growth in the
lower 40s and a stable 25% OI margin.
Retail profitability may surprise to the
upside, as the consensus $1.5 billion seems
overly conservative, even with the company’s continued heavy investment. Revenue growth in retail tends to decelerate in
the fourth quarter, as Amazon steps away
from some of the extensive promotional
activity in its business, and we expect the
same this year.
The long-term outlook remains bright
for Amazon, but as with our stance on the
entire large-cap space, we wouldn’t be
overly aggressive. Our price target stands
at $1,210.
Boeing
• BA-NYSE
Hold • Price $318.43 on Jan. 9
by Canaccord Genuity
The commercial jet and advanced aerospace company today released its full-year
and fourth-quarter deliveries and commercial orders. In line with the full-year guidance, Boeing shipped 763 commercial aircraft and booked net orders for 912. The
order number was higher than had been
anticipated at the beginning of the year
and reflected specific strength in the 787
To be considered for this section, material
should be sent to Research@barrons.com.
Dreamliner and the launch of the economical single-aisle MAX 10. The total commercial backlog now stands at 5,864. Boeing
had a 13% increase in commercial aircraft
deliveries year over year. Total commercial
deliveries in the fourth quarter were 209
compared with 185 in fourth-quarter 2016.
Military aircraft deliveries were up approximately 11% with a total of 42 in fourthquarter 2017 versus 38 in fourth-quarter
2016. In 2017, commercial aircraft deliveries
were up 2%, to 763, compared with 748 in
2016. Military deliveries are down 4% in
2017 at 170 versus 178 in 2016.
While Boeing is delivering on its guidance, the stock is now trading at multiples
consistent with earlier cycle peaks, so we
are maintaining our $290 price target and
Hold rating.
T-Mobile US
TMUS Nasdaq
Neutral • Price $65.60 on Jan. 9
by Nomura/Instinet
•
Yesterday, the company released preliminary fourth-quarter subscriber metrics
that were generally above consensus estimates. It also provided a business update
that suggests it is well positioned to continue taking the lion’s share of net adds,
despite the fact that the industry is entering a period of pricing equilibrium. Overall, postpaid growth metrics beat the consensus estimate, while prepaid growth
metrics missed.
T-Mobile’s modest stock-buyback program reflects emphasis on shareholder
value and a stable pricing environment for
the shares. The company bought back
seven million shares in December for a
total price of $444 million. The value remaining in the share-repurchase program is
about $1.1 billion, or 2% of the shares outstanding. Deutsche Telekom is also considering plans to purchase additional shares.
Longer term, a dividend is likely, but T-Mobile will still pursue spectrum opportunities.
Our target price stays at $65. T-Mobile
will report fourth-quarter results and provide 2018 guidance in early February.
Boston Scientific
• BSX-NYSE
Outperform • Price $27.30, midday Jan. 10
by Wells Fargo
We had the opportunity to meet with management of Boston Scientific yesterday
(Jan. 10).
Overall, our impression was that the
maker of medical devices (and in particular cardiovascular treatment and therapeutic tools and systems) remains confident
about its 2018 prospects, saying that it is
entering the new year with momentum
after preannouncing robust estimated
fourth-quarter 2017 organic earnings
growth up 6.8% Y/Y.
Boston Scientific said that it remains
comfortable with its 2018 organic growth
revenue goal of +5% to +6%, exclusive of
Lotus, a highly successful product line that
is undergoing some relaunches.
In terms of 2018 puts and takes, management commented that the productlaunch cadence for 2018 is not as robust as
it was in 2017, and its drug-eluting stents
business could see some degree of headwinds from new competition in the U.S.
The company also acknowledged potential
pricing pressure in certain markets outside of the U.S.
We should get formal top-line and
bottom-line guidance on the fourth quarter
earnings call on Feb. 1. Meanwhile, we are
raising our price target to $31 from $30,
based on about 20 times our 2019 adjusted
earnings-per-share estimate.
INSIDER TRANSACTIONS: Recent Filings
Sales
Purchases
Company /Symbol
Insiders
Shares
$ Val
(000's)
Insiders
Shares
$ Val
(000's)
Myokardia MYOK
Valero Energy VLO
Sprouts Farmers Market SFM
Ingersoll-Rand PlcIR
Nike NKE
2
1
2
1
1
819,326
251,530
860,710
210,508
200,000
34,411
23,465
21,269
18,584
12,697
Company /Symbol
Biglari BH
Community Health Systems CYH
Achaogen AKAO
Pentair PlcPNR
Dave & Buster'S Entertainment PLAY
1
1
1
1
2
5,095
478,700
65,000
9,966
15,000
2,129
1,906
739
690
677
Salesforce.Com CRM
Compass Diversified CODI
Everest Re RE
Nexpoint Residential Trust NXRT
Lamb Weston LW
1
6
1
1
1
6,000
29,264
2,285
14,065
5,000
655
505
501
389
291
Zayo ZAYO
Automatic Data Processing ADP
Box BOX
Allison Transmission ALSN
Nordson NDSN
4
4
2
4
6
336,399
100,960
507,500
221,615
64,728
12,137
11,911
10,937
9,878
9,693
Aegean Marine Petroleum Network ANW
Investors Real Estate TrustIRET
Ccur CCUR
Fs Investment FSIC
Kewaunee Scientific KEQU
1
2
1
1
1
50,000
40,000
19,650
10,000
2,000
229
222
114
77
58
Palo Alto Networks PANW
Realpage RP
Medtronic PlcMDT
Monster Beverage MNST
Seagate Technology PlcSTX
2
1
2
2
3
65,000
201,968
104,684
124,772
152,263
9,674
9,194
8,993
8,052
7,420
Curtiss Wright CW
Dnb Financial DNBF
Verisk Analytics VRSK
Sito Mobile LtdSITO
Corenergy Infrastructure Trust CORR
3
7
1
1
2
455
1,267
388
5,625
990
51
42
37
37
37
Sears SHLD
Pripal Financial PFG
AndeavorANDV
Quest Diagnostics DGX
Capital One Financial COF
1
1
1
1
3
2,212,400
89,750
54,690
63,880
57,090
7,380
6,463
6,357
6,303
5,683
An insider is any officer, director or owner of 10% or more of a class of a company's securities. In most cases, an insider must report any trade to
the SEC within two business days. The tables highlight companies that filed with the SEC through last Wednesday. The tables do not include
pension-plan or employee stock-option activity, trades by beneficial owners of 10% or more, trades under $2 per share or trades under 100
shares. The "Purchases" column includes only open-market and private purchases; the "Sales" 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
INSIDER TRANSACTIONS RATIO
70
60
Ratio = 26
50
40
Bearish
30
20
10
Bullish
J
F
M
A
M
J
J
A
S
O
N
D
J
0
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 240,500,996 and 9,385,117 respectively;
Source: Thomson Reuters
M14
BARRON’S
American Airlines Group
AAL-Nasdaq
Outperform • Price $53.78 on Jan. 10
by Raymond James
•
GET THE MOST
FOR YOUR TEAM
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BARRON’S TOP ADVISORY TEAMS SUMMIT
F E B R U A RY 12-14 , 2 018 | A R I A | L A S V E G A S
R EQ U E S T A N I N V I TAT I O N AT
B A R R O N S -T E A M S . C O M
©2017 Dow Jones & Company. All Rights Reserved. 2E110
American’s fourth-quarter 2017 year-overyear revenue per available seat mile, or
RASM, is tracking 1.5 percentage points
above our forecast on stronger “close-in”
supply and demand systems (which manage
ongoing supply and demand changes in passengers and seats) American is seeing these
favorable yield trends across all of its operating units—and among its peers.
Reflecting the company’s fourth-quarter
2017 update—including higher fuel prices and
a lower tax rate—we are adjusting our
fourth-quarter 2017, 2018 estimated, and 2019
estimated EPS from 75 cents, $4.92, and
$5.55 to 92 cents (+1% Y/Y), $5.45 (+12% Y/
Y), and $6.50 (+19% Y/Y), respectively.
In spite of rising fuel prices, we expect
that a stronger revenue environment will
partially offset these pressures and lead to
improved valuations on perceived higherquality earnings (i.e., improvements that are
not fuel-driven). We continue to believe that
American’s revenue opportunities and focus
on premium-yielding customers will drive
RASM outperformance versus legacy peers,
and reiterate our Outperform rating and
increase our target price to $64 from $60.
Total System Services
• TSS-NYSE
Outperform • Price $80.69 on Jan. 9
by Evercore ISI
The company supplies payment-processing
services for credit cards, electronic transfers, and other electronic payment systems.
It’s a good time to be in that business.
Reductions in U.S. federal income-tax rates
should drive increased credit account and
electronic transaction growth, given greater
disposable income and probably improved
credit scores. For example, following passage of the Economy Recovery Tax Act of
1981, which included an across-the-board
decrease in income-tax rates in the U.S.,
year-over-year revolving consumer credit
growth, representing mostly credit-card
debt, accelerated from 10% in January 1982
to 27% by December 1984, according to the
Federal Reserve. With broad consumer tax
reform taking hold this year, revolving consumer credit growth probably will accelerate from the most recently reported level of
5.7% in November 2017, auguring well for
strong account and transaction growth for
Total in 2018 and 2019.
We are upgrading Total to Outperform
from In Line, given its attractive valuation
of under 17 times our upwardly revised 2019
EPS estimate. We are also raising our price
target to $93 from $66, offering 15% appreci-
January 15, 2018
ation potential. Our price target is based on
a target price/earnings ratio of 19 times our
2019 EPS estimate. Since 2008, Total’s next
12 months P/E multiple traded in a range of
10 to 22 times with an average of 16.
Zillow Group
• Z-Nasdaq
Overweight • Price $42.17 on Jan. 9
by Morgan Stanley
We believe that Zillow is well positioned to
benefit from the ever-increasing importance
of the internet in real estate transactions (a
greater-than $85 billion gross commission
market and $10 billion advertising market).
What’s more, Zillow is expanding its total
addressable market, or TAMm, by shifting
its target customer from low-volume agents
to high-volume agents.
We forecast a five-year revenue compound annual growth rate of 19% driven by
an increase in TAM penetration from approximately 6% today to 8% by 2020 and
10% by 2025. Ebitda will grow at a 35% fiveyear CAGR due to scale and high incremental margins, enabling 40% margins long
term. At 22 times 2018 estimated Ebitda, or
historic lows, we find the stock attractive.
We see key drivers for the shares in a
number of ways, including: 1) Zillow’s place
in the ecosystem is dominant, accounting for
two-thirds of unique visitors to real estate
websites; 2) Zillow is changing the way consumers shop for real estate, in turn enabling
advertisers to generate healthy return on
investment and shift ad budgets; and 3) Zillow features a highly scalable model that
should push margins to more than 40%,
given low content costs.
We upgrade the shares’ rating to Overweight from Equal Weight and increase the
price target to $50 from $38.
American Eagle Outfitters
AEO-NYSE
Outperform • Price $17.38 on Jan. 9
by Cowen Equity Research
•
We remain impressed by American’s ability
to generate positive store and digital traffic.
Also, we like denim assortment and Y/Y
improvement in women’s tops. Incremental
incentive comp and selective investments
made during quarter limited flow through of
comp upside to EPS. Flexible store base
plus aerie growth are long-term positives.
In terms of traffic, American has been
continually outpacing mall traffic, and traffic
was positive during the holiday, both in
stores and online. Cadence-wise, there was a
lull after Black Friday/Cyber Monday, which
was followed by a surge in store traffic. Also,
gift-card sales were up by low-single digit
percentages, which is a solid result and compares to lower percentages last year.
January 15, 2018
BARRON’S
M15
Market View
A Sampling of Advisory Opinion
Edited by Paul Farrell
“For an economic expansion now in its ninth year, middling growth in state tax revenue
is an increasing concern on multiple fronts.”
Market-Correction Watch
Commentary
by PiperJaffray
piperjaffray.com
Jan. 10: We are raising cash in our model
portfolio, as 10-year bond yields are entering the danger zone (with yields in the
2.6% to 2.7% range). We are concerned
that the reversal of a 31-year downtrend
in 10-year bond yields in the U.S. will
lead to building upside rate momentum
(selling of 10-year bonds creating higher
rates) and that those losses may spill over
into equity markets. Hence, we believe
this secular bull market will probably
endure a healthy correction over the
near-to-intermediate term.
—CRAIG
W. JOHNSON, ADAM L. TURNQUIST
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Stocks Expensive, Not Bubbly
U.S. Equity Market Bubble
by Applied Global Macro Research
agmresearch.com
Jan. 12: The U.S. equity market, with its
relentless, low-volatility rally, is approaching price/earnings valuations that are rare
by historical standards. However, although
we think the U.S. equity market is expensive, we don’t consider it a true equity
market bubble yet, for several reasons.
First, the errors in our U.S. equity market frameworks are positive and large but
far from unusual. And they have only
opened up since July.
Second, the most recent rally and overshooting might simply reflect the corporate
tax cuts. They can perhaps be used to
explain the recent 10% to 12% extra U.S.
equity-market appreciation.
Third, some of our relative frameworks
have captured the recent market strength
even as the outright U.S. equity market
models have not, suggesting that low bond
yields might have provided some of the
propellant for the rally. The market might
be expensive, but that might also be at
least partly explained by the current com-
—RICHARD F. MOODY, Regions Financial Economic Update
bination of cyclical strength and low interest rates. But what if this rally continues?
Looking at it from a nonquantitative angle,
the market does present itself with the
initial signs of mania. The sudden widespread rush into cryptocurrencies is just
one such sign.
—CARSTEN VALGREEN
Reflation, the Right Way
The Weekly Speculator
by Marketfield Asset Management
marketfield.com
Jan. 11: Market action in recent weeks
suggests a marked shift toward a reflationary mind-set has taken hold among
market participants. This shift was long
overdue, in our opinion, and represents
the eradication of the deflationary positioning that took hold during the 2014-16
period and culminated in two separate reversals. First, the multiyear bear market
in commodities and emerging markets finally ended in January 2016, and then the
“Brexit low” for global yields was recorded almost six months later. We were
clear at the time that we believed this
represented the cycle low for long-term
yields, particularly in the U.S., where it
was impossible to reconcile a 10-year
yield at 1.32% with an obviously improving economy.
Following the election of President
Donald Trump, markets experienced a
rush into allocations that were expected
to benefit from a raft of legislative initiatives. This was referred to as a “reflation
allocation,” but was in fact a strange
mishmash that favored certain U.S. equity sectors and the U.S. dollar, and
pushed U.S. yields higher, without affecting global peers. Emerging market equities, in particular, were punished during
the last six weeks of 2016, which served
to set them up for substantial outperformance in the year that followed. As most
readers will recall, dysfunction in Washington led to the “Trump reflation” trade
being rapidly unwound, without too much
attention being paid to which parts made
sense, given the general trend of data
and global earnings.
One year later, we are much more comfortable with the way in which reflation is
being addressed, since it follows a more
traditional allocation that favors commodities, emerging markets, and cyclically sensitive sectors in the developed world, and
comes at the expense of the U.S. dollar
and long-term fixed-income instruments
across the developed world.
—MICHAEL
surprising, given that the current economic expansion, while soon to become the
second-longest on record, is also the slowest on record. One way to think about this
is that the tax base has grown at a frustratingly slow pace over the course of the
current expansion, hence the same would
be expected of tax revenue.
—RICHARD F. MOODY
Retail in Detail
SHAOUL
U.S. States in a Tight Spot
Economic Update
by Regions Financial
regions.com
Jan. 10: Third-quarter data on state gov-
ernment tax revenue show continued moderate growth in state tax collections, with
markedly divergent paths for different
revenue sources. Total state tax revenue
for the U.S. as a whole was up 2.4% year
on year in the third quarter, slightly below
the 2.6% growth in the second quarter. For
the Regions [southern and central U.S.]
footprint as a whole, total state tax revenue grew at a year-on-year rate of just
0.14% in the third quarter, the weakest
performance since second-quarter 2016.
For an economic expansion now in its
ninth year, middling growth in state tax
revenue is an increasing concern on multiple fronts. A steadily rising share of
state government spending being diverted to transfer payments to individuals crowds out state government spending on goods and services in a revenueconstrained environment, and what in
many states are growing unfunded pension obligations. This makes it critical
that states find expanded revenue
streams at some point in the near future.
That the current economic expansion is
closer to its end than its beginning only
compounds these concerns.
In one sense, persistently tepid growth
in state government tax collections isn’t
Retail Sales Maintain Solid Trend in December
by Maria Fiorini Ramirez Inc.
mfr.com
Jan. 12: Bottom line, we’re looking at a
good report, particularly in light of significant upward revisions to key categories in
earlier months. Although results continue
to be volatile on a month-to-month basis,
with labor-market conditions healthy and
confidence/sentiment measures buoyant,
we continue to believe that the consumer
is well supported.
Getting to today’s particulars, total
nominal retail sales were preliminarily
reported to have been a month-over-month
0.4% in December, which compared with a
median forecast of 0.5%. The December
aggregate outcome followed earlier results
of a revised 0.9% in November (originally
reported as 0.8%), a revised 0.7% in October (was 0.5%), a posthurricane surge of
2% in September, -0.1% in August, and
0.5% in July. The revised November level
of total sales was 0.2% above what was
originally reported.
Non-auto sales were 0.4% in December
(in line with expectations) following a revised 1.3% in November (originally 1%), a
revised 0.5% in October (was 0.4%), 1.3%
in September, 0.5% in August, and 0.5%
in July.
The revised November level of nonauto sales was 0.4% above what was first
reported.
—JOSHUA SHAPIRO
To be considered for this section, material,
with the author’s name and address, should
be sent to MarketWatch@barrons.com.
M16
BARRON’S
January 15, 2018
New York Stock Exchange Composite List
TO OUR READERS:
After hearing many requests from readers, %will again provide earnings data in our print
edition when space is available. As part of a regular sequence, earnings data will be followed by
information about preferred stocks and then bonds. Again, the data will appear only in weeks when
space is available. We greatly appreciate your feedback.
52-Week
High Low Name
- Earnings Tick
- Week’s - Last This Next Div
Sym Yld P/E Last Chg. Year Year Year Amt
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A
13.06
44.04
28.13
45.12
14.75
39.50
12.06
91.73
75.95
19.95
6.65
10.26
34.90
51.75
5.22
42.70
9.94
4.95
20.22
71.06
61.55
48.22
59.60
101.28
19.60
32.89
160.64
20.59
29.18
225.36
21.48
13.29
86.42
46.55
177.50
25.71
26.30
7.52
46.51
7.35
13.00
6.91
54.59
6.50
36.25
192.37
207.67
72.33
51.86
53.65
50.21
170.53
25.98
119.58
9.00
101.43
65.65
144.99
57.50
46.96
441.54
134.37
11.34
192.49
667.19
29.39
89.81
256.80
81.24
278.33
19.15
27.80
5.99
31.23
22.04
36.61
10.35
30.15
10.00
66.50
58.00
17.05
4.35
4.00
10.80
33.61
2.30
32.55
6.02
3.60
15.38
48.00
43.18
26.12
39.25
59.27
8.81
25.35
112.31
7.83
21.60
153.28
15.16
8.33
59.10
30.15
78.81
20.94
17.90
5.19
21.49
3.60
3.20
4.73
41.54
3.02
17.69
116.04
139.52
47.05
39.30
44.28
34.42
133.63
20.84
70.53
5.84
61.10
43.45
90.35
29.55
27.27
376.17
106.89
8.45
95.00
521.07
14.54
64.62
160.07
62.04
209.00
9.85
20.40
AAC
AAR
ABB
ABMIndustries
ACCO Brands
AECOM
AES
Aflac
AGCO
AG Mortgage
AHBeloA
AK Steel
AMC Ent
AMN Healthcare
ARCDocumentSolns
AT&T
A10Networks
AUOptronics
AVX
AXIS Capital
AZZ
Aaron's
AbbottLabs
AbbVie
Abercrombie&Fitch
AcadiaRealty
Accenture
AcornIntl
Actuant
AcuityBrands
Acushnet
Adecoagro
Adient
AdtalemGlbEduc
AdvanceAuto
AdvDisposalSvcs
AdvDrainageSys
AdvSemiEngg
AdvanSix
AdvantageOil
AegeanMarine
Aegon
AerCap
AerohiveNtwks
AerojetRocket
Aetna
AffiliatedMgrs
AgilentTechs
AgnicoEagle
AgreeRealty
AirLease
AirProducts
Aircastle
AlamoGroup
AlamosGold
AlaskaAir
AlbanyIntl
Albemarle
Alcoa
Alexander&Baldwin
Alexanders
AlexandriaRlEst
AlgonquinPwr
Alibaba
Alleghany
AlleghenyTechs
Allegion
Allergan
Allete
AllianceData
AllianceOne
AllianceBernstein
AAC
AIR
ABB
ABM
ACCO
ACM
AES
AFL
AGCO
MITT
AHC
AKS
AMC
AMN
ARC
T
ATEN
AUO
AVX
AXS
AZZ
AAN
ABT
ABBV
ANF
AKR
ACN
ATV
ATU
AYI
GOLF
AGRO
ADNT
ATGE
AAP
ADSW
WMS
ASX
ASIX
AAV
ANW
AEG
AER
HIVE
AJRD
AET
AMG
A
AEM
ADC
AL
APD
AYR
ALG
AGI
ALK
AIN
ALB
AA
ALEX
ALX
ARE
AQN
BABA
Y
ATI
ALLE
AGN
ALE
ADS
AOI
AB
...
.7
2.7
1.8
...
...
4.7
2.1
.8
10.3
6.3
...
5.5
...
...
5.4
...
4.3
2.4
3.2
1.4
.3
1.9
2.8
4.2
4.3
1.7
...
.2
.3
2.2
...
1.3
...
.2
...
1.1
3.4
...
...
1.7
4.4
...
...
...
1.1
.4
.8
.9
4.2
.8
2.2
4.6
.4
.3
1.6
1.1
1.0
...
...
4.5
2.9
4.4
...
...
...
.8
1.6
2.9
.8
...
7.5
dd
63
26
cc
22
18
dd
12
29
6
dd
44
dd
21
dd
18
dd
6
23
dd
24
22
46
24
dd
45
28
dd
dd
21
20
46
9
27
24
dd
67
15
28
15
12
8
9
dd
39
34
22
34
40
24
14
31
12
28
cc
12
48
31
37
cc
23
cc
28
54
dd
dd
24
dd
21
29
dd
13
9.27
41.73
28.09
38.87
12.80
39.07
11.04
84.94
74.11
18.48
5.05
6.19
14.45
49.80
2.60
36.90
7.58
4.31
18.83
49.11
47.15
41.13
58.84
100.34
19.10
25.39
160.11
20.50
25.45
158.74
21.44
10.12
82.69
46.30
115.94
24.17
24.65
6.66
43.81
3.80
4.65
6.88
54.23
5.89
31.81
184.20
202.80
71.73
47.23
48.97
50.13
170.15
24.61
114.98
6.12
73.52
63.30
133.52
56.76
27.66
380.83
125.12
10.58
187.79
584.92
28.70
85.04
176.05
73.00
276.37
13.35
27.20
+0.15
+2.90
+0.46
–0.15
+0.45
+0.79
+0.17
–4.79
+1.57
–0.09
+0.20
–0.42
+0.35
+0.30
+0.14
–1.24
–0.15
–0.01
+0.57
–0.28
–3.50
+1.19
–0.15
–0.77
+0.82
–1.39
+2.44
+0.85
–0.15
–26.62
+0.49
–0.23
–1.18
+2.20
+3.76
+0.45
+0.90
–0.04
+0.73
–0.25
+0.10
+0.46
+0.96
+0.08
+0.67
–1.61
+3.33
+1.83
+0.21
–1.60
+1.68
+1.70
+0.83
+3.14
–0.61
–0.22
+0.80
+1.80
+2.67
+0.03
–11.66
–1.88
–0.29
–2.91
–3.94
+2.03
+3.47
+3.76
–0.55
+11.61
–0.20
+1.00
–.03
1.64
.88
.07
.87
2.13
–1.71
6.42
1.96
1.80
–.90
–.03
1.13
2.15
–1.04
2.10
–.32
.25
.75
5.13
2.33
1.91
.94
3.63
.06
.94
5.44
1.00
–1.11
7.43
.62
.02
9.34
1.91
6.20
–.44
.50
.44
1.12
–.07
1.11
.24
5.10
–.73
.27
6.41
8.57
2.10
.71
1.97
3.44
13.65
1.92
3.46
–.07
6.54
1.64
5.68
–2.19
–.18
16.91
–1.99
.33
2.60
29.59
–5.97
2.39
38.18
3.14
7.34
–7.05
2.23
.55
1.75
1.20
1.84
1.10
2.73
1.02
6.75
3.05
1.90
...
.25
–1.26
2.56
.13
2.91
.03
1.12
.73
–2.35
1.86
2.46
2.50
5.55
.09
.54
6.67
...
1.06
9.37
1.28
.56
10.20
2.79
5.22
.50
.70
.46
2.84
.36
.01
.83
...
–.10
.90
9.77
14.48
2.58
1.00
1.93
3.44
7.06
2.03
4.55
.14
6.67
1.96
4.46
3.29
.48
...
1.56
...
5.10
–1.25
.33
3.78
16.24
3.28
18.09
...
2.11
.55
2.38
1.40
2.16
1.24
3.05
1.19
7.40
3.73
1.91
...
.77
.30
2.82
.11
3.02
.08
.33
.70
4.65
2.75
3.12
2.83
6.57
.22
.40
7.25
...
1.27
10.19
1.36
.66
11.42
3.15
6.22
.55
.95
.44
3.26
.15
.50
.75
...
.03
1.05
10.46
17.12
2.86
.93
1.63
4.40
7.75
2.43
5.47
.21
6.53
2.39
5.13
3.79
1.01
...
2.10
...
6.68
29.93
1.11
4.22
15.48
3.60
21.68
...
2.38
...
.075
.7626
.175
...
...
.13
.45
.14
.475
.08
...
.20
...
...
.50
...
.1846
.115
.39
.17
.03
.28
.71
.20
.27
1.33
...
.04
.13
.12
...
.275
...
.06
...
.07
.2282
...
...
.02
.1527
...
...
...
.50
.20
.149
.11
.52
.10
.95
.28
.11
.01
.30
.17
.32
...
15.92
4.25
.90
.1165
...
...
...
.16
.70
.535
.52
...
.51
52-Week
High Low Name
45.55
45.69
105.36
30.65
18.55
29.16
35.29
15.66
77.79
23.54
9.82
7.03
64.89
9.10
19.50
19.11
44.83
21.25
51.70
19.48
78.07
34.46
101.65
109.43
23.98
67.45
25.19
18.40
14.50
23.30
58.44
155.28
24.00
92.37
50.00
182.37
99.00
75.42
7.05
18.60
91.94
12.32
7.35
71.97
48.28
119.33
60.14
13.68
126.50
88.60
12.73
22.87
35.74
26.60
240.40
58.41
6.35
152.78
63.92
46.86
19.92
36.39
20.68
71.60
90.79
93.69
39.55
13.80
20.67
44.28
8.99
37.32
99.53
47.44
16.40
36.56
32.93
73.39
18.11
8.65
14.61
17.80
10.37
60.01
10.97
6.14
5.18
51.35
4.80
12.00
11.85
35.82
13.38
38.77
10.23
62.14
22.23
75.39
85.57
20.37
57.85
16.33
11.10
5.57
9.91
41.14
102.73
14.65
70.40
42.00
110.75
71.90
49.93
4.02
12.15
66.00
4.78
5.17
39.96
30.95
75.11
42.18
8.86
103.55
62.40
10.08
16.62
25.71
17.59
144.44
46.76
5.07
109.82
38.14
40.38
16.90
20.38
17.49
54.00
71.44
57.83
29.41
9.01
10.87
32.87
7.11
19.59
60.13
38.59
8.30
AlliantEnergy
AllisonTransm
Allstate
AllyFinancial
AlonUSAPartners
Alteryx
AlticeUSA
AltisourceResid
Altria
AlumofChina
AmberRoad
Ambev
Ameren
Ameresco
AmericaMovil
AmericaMovil A
AmericanAssets
AmericanAxle
AmCampus
AmerEagle
AEP
AmEqtyLf
AmerExpress
AmericanFin
AmerHomes4Rent
AIG
AIG Wt
AmerMidstreamPtrs
AmRltyInv
AmericanRenal
AmerStWater
AmerTowerREIT
AmerVanguard
AmerWaterWorks
Amerigas
Ameriprise
AmerisourceBrgn
Ametek
AmiraNatureFoods
Ampco-Pitt
Amphenol
AmplifySnack
Amrep
AnadarkoPetrol
AnadarkoPeteUn
Andeavor
AndeavorLog
AngloGoldAsh
AB InBev
AnixterIntl
AnnalyCap
AnteroMidstream
AnteroMidstream
AnteroResources
Anthem
AnthemUn
AnworthMtg
Aon
Apache
ApartmtInv
ApolloComRlEst
ApolloGlbMgmt
AppleHospREIT
AppliedIndlTechs
Aptargroup
Aptiv
AquaAmerica
Aquantia
AquaVenture
Aramark
ArborRealty
ArcelorMittal
ArchCoal
ArcherDaniels
Archrock
- Earnings Tick
- Week’s - Last This Next Div
Sym Yld P/E Last Chg. Year Year Year Amt
LNT
ALSN
ALL
ALLY
ALDW
AYX
ATUS
RESI
MO
ACH
AMBR
ABEV
AEE
AMRC
AMX
AMOV
AAT
AXL
ACC
AEO
AEP
AEL
AXP
AFG
AMH
AIG
AIG.WS
AMID
ARL
ARA
AWR
AMT
AVD
AWK
APU
AMP
ABC
AME
ANFI
AP
APH
BETR
AXR
APC
AEUA
ANDV
ANDX
AU
BUD
AXE
NLY
AMGP
AM
AR
ANTM
ANTX
ANH
AON
APA
AIV
ARI
APO
APLE
AIT
ATR
APTV
WTR
AQ
WAAS
ARMK
ABR
MT
ARCH
ADM
AROC
3.2
1.4
1.4
1.6
9.3
...
...
5.3
3.8
...
...
...
3.3
...
1.8
1.8
3.0
...
4.5
2.7
3.7
.8
1.4
1.3
1.0
2.1
...
11.5
...
...
1.9
2.1
.3
2.1
8.1
1.8
1.5
.5
...
2.4
.8
...
...
.3
9.9
2.0
7.3
3.4
3.3
...
10.6
1.1
4.3
...
1.2
4.5
11.3
1.1
2.1
3.5
10.0
4.3
6.1
1.7
1.5
.9
2.3
...
...
1.0
8.9
...
1.4
3.2
4.6
21
20
15
14
16
dd
...
dd
9
46
dd
38
22
24
32
31
55
6
95
20
18
12
19
14
dd
dd
...
dd
dd
dd
30
51
40
31
44
17
54
32
5
dd
29
81
62
dd
...
24
23
dd
58
18
5
...
21
dd
22
...
11
...
27
cc
9
12
19
20
25
18
26
dd
dd
30
8
6
13
19
dd
39.53
44.39
102.11
30.53
18.40
26.97
23.27
11.42
69.61
18.59
7.43
6.67
55.52
9.00
17.28
17.01
36.04
18.78
38.95
18.34
67.46
33.96
100.97
109.16
20.46
60.97
19.35
14.30
12.72
18.58
54.92
133.00
21.60
80.83
47.17
182.04
99.00
75.20
4.05
14.75
91.83
12.10
7.09
58.98
37.82
119.13
54.26
11.07
114.90
78.50
11.30
21.04
31.75
19.87
239.82
58.35
5.31
136.55
47.16
40.62
18.32
36.19
19.55
70.20
86.56
92.91
35.12
10.94
14.94
44.07
8.51
37.16
96.83
40.50
10.45
–1.55
–0.10
+0.24
+0.31
+0.15
–0.12
+2.03
–0.11
–0.79
–0.78
+0.01
...
–1.87
+0.25
–0.15
–0.18
–1.10
+0.41
–0.69
+0.28
–3.34
+2.09
–0.11
+1.97
–0.47
+0.32
+0.15
+0.35
+0.03
+0.21
–0.60
–7.51
+0.75
–5.92
–0.38
+11.77
+3.68
+1.41
–0.11
+0.45
+2.12
–0.04
+0.07
+3.96
+1.01
+2.85
+4.60
+0.40
+0.16
+2.45
–0.27
+0.23
+1.07
+0.43
+5.48
+0.52
–0.07
–0.02
+0.77
–1.94
+0.12
+1.71
+0.28
–0.20
–0.35
+1.34
–2.59
–0.03
–0.92
+1.35
–0.05
+2.63
+4.11
+0.32
+0.80
1.64
1.27
4.67
2.15
–.07
–.52
–1.13
–4.18
7.28
...
–.70
.23
2.68
.26
.14
.14
.72
3.06
.75
1.16
1.24
.97
5.65
7.33
–.14
–.78
...
–1.11
–.25
–.28
1.62
1.98
.44
2.62
1.25
7.81
1.64
2.19
.84
–6.68
2.61
.36
...
–5.90
...
6.12
1.87
.15
.72
3.59
1.39
1.18
1.24
–2.88
9.21
...
.17
...
–3.71
2.67
1.74
2.11
.76
3.40
3.17
4.60
1.32
...
–.78
1.49
.83
5.56
51.02
2.16
–.80
1.96
2.51
6.11
2.30
1.60
–.17
–.83
–3.31
3.28
.60
–.30
.20
2.80
.43
1.04
20.66
.63
3.60
.67
1.16
3.60
2.98
5.85
6.05
.05
2.58
...
–.64
...
.56
1.75
2.91
.61
3.01
2.66
12.08
6.14
2.58
.97
–.62
3.22
.26
...
–2.20
...
6.86
2.66
.19
4.23
5.04
1.20
.16
1.47
.24
11.96
...
.54
...
.11
3.01
1.61
2.98
1.00
3.25
3.34
4.71
1.35
–.13
–.98
2.13
.99
3.86
9.08
2.32
–.34
2.12
2.73
8.02
2.94
1.51
–.21
.26
–1.20
3.77
1.42
–.17
.27
3.01
.54
1.08
21.50
.55
3.36
.83
1.31
3.89
3.18
6.93
7.38
.21
5.56
...
–.14
...
.73
1.79
3.62
.87
3.28
2.77
13.94
6.77
2.88
1.14
.95
3.46
.28
...
–.15
...
9.29
3.01
.82
5.14
5.87
1.19
.48
1.87
.94
13.49
...
.52
...
.91
.38
2.01
3.04
.99
3.59
3.62
5.17
1.43
.10
–.79
2.35
.97
3.37
8.90
2.71
.04
- Earnings Tick
- Week’s - Last This Next Div
Sym Yld P/E Last Chg. Year Year Year Amt
52-Week
High Low Name
.315
.15
.37
.12
.43
...
...
.15
.66
...
...
.0215
.4575
...
.1564
.1564
.27
...
.44
.125
.62
.26
.35
.35
.05
.32
...
.4125
...
...
.255
.70
.015
.415
.95
.83
.38
.09
...
.09
.19
...
...
.05
.9375
.59
.9852
.0944
1.8839
...
.30
.059
.34
...
.70
.6563
.15
.36
.25
.36
.46
.39
.10
.29
.32
.22
.2047
...
...
.105
.19
...
.35
.32
.12
TO OUR READERS:Full NYSE, NYSE American and Nasdaq Major Market listings appear free online at www.barrons.com/listings. These composite stock quotations
include trades on the Chicago, Nasdaq PSX, Nasdaq PHLX, Nasdaq BX and National
stock exchanges, as reported by Nasdaq.
30.90
10.80
24.54
9.05
14.22
23.80
76.70
262.84
15.51
16.01
27.60
22.96
64.60
84.60
40.65
76.15
14.87
8.23
74.81
5.20
57.80
26.70
39.35
106.99
45.73
35.92
32.75
12.90
55.22
27.30
2.70
93.56
81.10
136.30
58.44
793.30
199.52
53.46
120.32
9.97
52.83
48.20
6.03
38.20
29.43
22.00
20.58
5.60
19.55
6.60
12.48
17.15
41.79
87.33
10.93
12.66
20.81
13.32
38.45
68.55
26.30
49.10
8.74
5.68
53.35
3.84
35.05
20.95
32.20
86.00
32.97
26.51
13.97
7.70
45.15
15.05
2.20
72.58
27.75
96.08
38.20
491.13
167.51
37.42
71.71
6.37
37.78
35.67
1.85
27.77
19.43
12.53
Arconic
ArcosDorados
Ardagh
ArdmoreShipping
AresCommRealEst
AresManagement
Argan
AristaNetworks
ArlingtonAsset
ArmadaHoffler
ArmourRes
ArmstrongFlooring
ArmstrongWorld
ArrowElec
ArtisanPtrsAsset
AsburyAutomotive
AshfordHospPrime
AshfordHosp
AshlandGlobal
AspenAerogels
AspenIns
AssociatedBanc
AssocCapital
Assurant
AssuredGuaranty
AstraZeneca
AtHomeGroup
Atento
Athene
AtkoreIntl
AtlanticPower g
AtmosEnergy
Autohome
Autoliv
AutoNation
AutoZone
Avalonbay
Avangrid
AveryDennison
Avianca
Avista
Avnet
AvonProducts
AxaltaCoating
Azul
AzurePowerGlbl
ARNC
ARCO
ARD
ASC
ACRE
ARES
AGX
ANET
AI
AHH
ARR
AFI
AWI
ARW
APAM
ABG
AHP
AHT
ASH
ASPN
AHL
ASB
AC
AIZ
AGO
AZN
HOME
ATTO
ATH
ATKR
AT
ATO
ATHM
ALV
AN
AZO
AVB
AGR
AVY
AVH
AVA
AVT
AVP
AXTA
AZUL
AZRE
.8
...
2.8
...
8.4
7.1
2.2
...
18.5
5.3
9.1
...
...
...
6.0
...
6.7
7.2
1.2
...
2.5
2.1
.6
2.3
1.7
2.5
...
...
...
...
...
2.4
...
1.8
...
...
3.4
3.6
1.5
1.3
2.8
1.7
...
...
...
...
47.75
53.91
26.08
9.26
49.06
13.25
50.79
45.30
21.98
43.99
32.95
15.50
13.19
24.44
63.12
17.50
52.10
40.82
43.24
23.40
9.35
11.79
103.58
30.45
136.10
11.75
33.76
7.20
48.74
34.55
31.20
19.20
2.87
40.83
90.20
82.68
58.68
66.78
43.22
11.96
11.96
11.80
72.87
27.95
20.78
44.81
29.50
41.17
14.55
5.00
42.44
8.72
33.37
28.73
16.85
33.10
15.00
10.60
7.36
16.15
40.22
1.61
34.40
29.62
35.65
14.40
6.34
7.47
67.68
25.51
71.14
6.86
21.21
5.25
36.15
27.20
22.01
9.92
0.51
29.81
74.72
66.75
43.85
53.86
30.37
9.29
4.99
4.95
45.47
19.06
13.28
14.03
B&G Foods
BB&T
BBVABancoFr
BBX CapitalA
BCE g
BEST
BHPBilliton
BHPBilliton
BP Midstream
BP
BP Prudhoe
BRF
BRT Apartments
BT Group
BWX Tech
Babcock&Wilcox
BadgerMeter
BakerHughes
Ball
BancCalifornia
BancoBilbaoViz
BancoBradesco
BancodeChile
Bladex
BancoMacro
BancSanBrasil
BcoSantChile
BancoSantander
BanColombia
BancorpSouth
BankofAmerica
BankofAmWtA
BankofAmWtB
BankofButterfield
BankofHawaii
BankofMontreal g
BankNY Mellon
BkNovaScotia g
BankUnited
Barclays
Barnes&NobleEduc
Barnes&Noble
BarnesGroup
BarracudaNtwks
BarrickGold
BasicEnergySvcs
BGS
BBT
BFR
BBX
BCE
BSTI
BHP
BBL
BPMP
BP
BPT
BRFS
BRT
BT
BWXT
BW
BMI
BHGE
BLL
BANC
BBVA
BBDO
BCH
BLX
BMA
BSBR
BSAC
SAN
CIB
BXS
BAC
BAC.WS.A
BAC.WS.B
NTB
BOH
BMO
BK
BNS
BKU
BCS
BNED
BKS
B
CUDA
ABX
BAS
5.8
2.5
1.0
.3
4.8
...
3.4
3.8
...
5.5
18.8
...
5.5
3.4
.7
...
1.1
1.9
1.1
2.4
4.7
.6
2.5
5.2
.7
...
3.1
2.6
3.0
...
1.5
...
...
3.2
2.3
3.5
1.6
3.8
1.9
2.0
...
11.2
.8
...
.8
...
dd
25
cc
dd
11
42
8
54
dd
29
5
dd
24
15
21
10
dd
dd
dd
dd
dd
18
dd
23
5
27
62
36
7
17
dd
21
...
23
15
18
26
23
27
17
26
18
dd
cc
cc
dd
30.84
9.55
20.33
8.15
12.89
22.95
45.75
259.03
11.91
14.37
25.08
16.75
62.80
83.67
39.80
75.30
9.62
6.69
74.12
5.05
38.70
26.55
36.05
95.39
34.04
35.65
32.74
10.15
51.04
21.69
2.40
79.84
77.92
136.29
57.96
787.93
168.23
48.52
119.35
8.02
51.61
41.75
2.21
32.44
24.74
16.00
+1.23
–0.15
–0.67
+0.15
+0.30
+2.85
...
+22.26
+0.16
–0.70
–0.12
–0.23
–0.75
+0.04
+1.05
+8.75
–0.18
+0.12
+0.04
–0.04
–1.30
+1.05
+1.90
–5.92
+0.22
–0.22
+1.68
+0.05
–0.07
–0.06
+0.10
–3.35
+4.21
+2.87
+2.38
+12.43
–6.03
–0.21
+1.19
+0.03
–0.18
–0.05
...
–0.33
–0.17
+0.15
–2.31
.37
–5.91
.12
1.41
1.20
4.50
2.50
–1.79
.85
–1.67
.33
1.87
5.68
1.57
7.40
.55
–.95
.01
–.52
2.67
1.26
.41
9.13
6.61
1.38
.48
.01
4.21
1.27
–1.02
3.73
1.61
6.42
4.15
44.07
7.52
2.04
3.54
.32
2.15
4.08
–.29
.17
–.32
–1.66
1.15
.46
1.75
–.34
1.09
1.84
5.00
5.31
2.22
.50
2.73
.15
2.85
7.34
2.41
6.23
–.41
–1.18
3.37
–.83
–2.89
1.48
...
3.73
5.03
1.90
.80
.69
5.18
1.62
.17
3.85
2.32
6.27
3.73
48.41
5.26
2.23
4.93
1.03
1.88
3.38
–.01
1.14
1.03
–.48
1.55
.47
1.86
.49
1.20
1.85
2.96
6.19
2.15
.43
2.43
.48
3.29
8.16
2.97
6.76
.01
–.86
3.90
–.31
3.98
1.75
...
7.73
2.74
1.81
1.11
.81
5.32
1.74
–.19
4.13
2.87
7.12
4.30
53.55
4.68
2.42
5.53
1.30
2.05
3.84
.19
1.35
1.69
.74
.06
...
.14
...
.27
.41
1.00
...
.55
.19
.19
...
...
...
.60
...
.16
.12
.225
...
.24
.14
.10
.56
.1425
.45
...
.3384
...
...
...
.485
.76
.60
...
...
1.42
.432
.45
.1015
.3575
.18
...
...
...
...
21
20
26
22
19
...
23
21
...
37
7
dd
13
19
32
dd
43
dd
59
25
13
...
20
16
14
...
19
15
11
21
18
...
...
22
20
14
17
13
18
dd
21
25
24
98
8
65
32.15
53.14
25.90
9.18
46.45
9.23
50.69
45.28
21.22
43.91
26.15
12.30
13.07
18.91
62.89
5.86
48.70
37.20
37.90
21.45
9.10
10.22
102.71
29.81
114.50
10.07
33.73
7.17
42.65
34.55
31.19
19.20
2.86
40.23
88.62
82.09
58.42
65.81
43.18
10.75
7.63
5.35
67.79
27.50
15.12
24.91
–2.45
+1.91
+0.36
+0.82
–1.12
–0.34
+2.55
+2.80
–0.05
+0.81
+4.75
+0.20
+0.92
+0.42
+1.45
–0.19
+1.60
+2.76
–0.69
+0.50
+0.33
–0.02
+1.78
+1.00
–1.58
–0.14
+0.40
+0.38
–0.44
+2.50
+0.86
+0.79
+0.42
+2.73
+2.90
+0.05
+3.59
–0.68
+2.52
–0.02
–0.13
–0.25
+3.10
+0.04
+0.17
–0.69
1.73
2.77
...
.32
2.51
...
2.21
2.21
...
.04
2.04
–.13
.97
1.25
1.76
–2.31
1.11
–6.31
...
1.94
.55
...
4.93
2.23
...
...
1.49
.45
4.01
1.41
1.50
...
...
1.20
4.23
6.08
3.15
5.01
2.09
.56
.11
.30
2.48
.19
.56
–2.94
2.10
2.74
1.24
.28
2.66
–.83
3.07
3.04
1.08
1.84
...
...
.58
1.85
2.05
–3.09
1.18
.36
1.94
.84
.77
...
5.44
2.11
8.37
.76
1.88
.54
3.29
1.66
1.81
...
...
2.81
4.36
6.65
3.54
5.41
2.32
.82
.63
.35
2.83
.76
.76
–2.26
2.23
3.76
1.74
.55
2.77
–.02
2.55
2.52
1.15
2.53
...
.54
–1.08
1.88
2.23
.12
1.35
1.08
2.29
1.17
.80
...
5.68
2.48
10.38
.83
2.00
.61
3.78
2.16
2.36
...
...
3.41
5.33
7.09
4.11
5.82
3.12
1.07
.67
.40
2.97
.90
.81
–.66
.465
.33
.2508
.0075
.5606
...
.86
.86
...
.60
1.2302
...
.18
.3168
.11
...
.13
.18
.10
.13
.106
.0052
2.5706
.385
.7532
.2018
1.0444
.0464
.3158
.14
.12
...
...
.32
.52
.7229
.24
.6213
.21
.053
...
.15
.14
...
.03
...
B
69.65
4.56
23.24
229.69
86.85
4.95
14.45
51.98
35.80
73.17
315390
210.39
40.00
61.71
73.45
60.20
483.79
7.58
5.93
39.51
273.87
54.42
72.02
78.74
49.95
19.14
14.55
556.37
35.58
33.08
31.80
11.00
20.83
18.83
11.78
18.95
336.88
42.40
377.17
19.66
39.67
57.89
197.05
140.13
29.93
24.10
37.07
40.50
18.69
4.55
33.73
15.85
25.95
95.91
28.18
48.02
87.90
66.10
21.00
73.41
24.94
94.31
16.31
44.33
39.00
46.88
36.00
52.86
68.22
69.15
63.82
73.01
25.11
15.15
13.50
83.75
126.69
23.65
45.47
2.13
11.18
169.19
64.60
1.44
11.00
40.60
28.75
62.00
237983
158.61
32.85
47.19
41.67
45.10
290.05
2.66
0.32
17.00
183.43
18.04
54.20
58.35
41.10
15.12
6.65
365.83
28.45
29.76
19.85
2.94
11.70
12.50
6.36
12.79
156.75
22.63
23.33
5.90
31.06
37.54
128.70
116.77
23.29
15.73
19.20
31.70
15.63
3.21
17.44
7.53
20.00
65.00
10.55
29.50
42.05
46.01
6.21
56.39
16.75
65.35
8.78
33.51
23.82
34.26
28.13
41.10
45.17
43.72
48.04
43.90
13.50
10.87
7.25
63.87
79.07
19.02
BaxterIntl
BaytexEnergy g
BeazerHomes
BectonDicknsn
Belden
BellatrixExplor
Belmond
Bemis
BenchmarkElec
Berkley
BerkHathwy A
BerkHathwy B
BerkshireHills
BerryGlobal
BestBuy
BigLots
Biglari
BillBarrett
BioAmber
BiohavenPharm
Bio-RadLab A
Bitauto
BlackHills
BlackHillsUn
BlackKnight
BlackStoneMin
BlackBerry
BlackRock
Blackstone
BlackstoneMtg
BlockHR
BlueApron
BlueCapReins
BluegreenVac
BlueLinx
BoardwalkPipe
Boeing
BoiseCascade
BonanzaCreekEner
BootBarn
BoozAllen
BorgWarner
BostonBeer
BostonProps
BostonSci
Box
BoydGaming
Brady
BrandywineRealty
BrasilAgro
Braskem
BridgepointEduc
Briggs&Stratton
BrightHorizons
BrightScholarEduc
BrinkerIntl
Brink's
Bristol-Myers
Bristow
BritishAmTob
BrixmorProp
BroadridgeFinl
BrookdaleSrLiving
BrookfieldMgt
BrookfieldBusPtr
BrookfieldInfr
BrookfieldRenew
Brown&Brown
Brown-Forman A
Brown-Forman B
Brunswick
BuckeyePtrs
Buckle
Buenaventura
Build-A-Bear
Bunge
BurlingtonStrs
BylineBancorp
BAX
BTE
BZH
BDX
BDC
BXE
BEL
BMS
BHE
WRB
BRK.A
BRK.B
BHLB
BERY
BBY
BIG
BH
BBG
BIOA
BHVN
BIO
BITA
BKH
BKHU
BKI
BSM
BB
BLK
BX
BXMT
HRB
APRN
BCRH
BXG
BXC
BWP
BA
BCC
BCEI
BOOT
BAH
BWA
SAM
BXP
BSX
BOX
BYD
BRC
BDN
LND
BAK
BPI
BGG
BFAM
BEDU
EAT
BCO
BMY
BRS
BTI
BRX
BR
BKD
BAM
BBU
BIP
BEP
BRO
BF.A
BF.B
BC
BPL
BKE
BVN
BBW
BG
BURL
BY
147.31
40.11
16.70
46.30
25.90
17.25
11.25
45.50
71.07
70.10
43.98
11.66
54.99
53.48
112.10
11.16
5.83
24.30
16.93
12.70
5.31
29.69
53.00
52.75
25.04
3.26
45.81
39.48
CACI Intl
CAI Intl
CARBOCeramics
C&J Energy
CBD Pao
CBIZ
CBL Assoc
CBRE Group
CBS A
CBS B
CF Industries
CGG
CGI Group
CIT Group
CACI
CAI
CRR
CJ
CBD
CBZ
CBL
CBG
CBS.A
CBS
CF
CGG
GIB
CIT
35
28
2
32
36
37
36
35
35
39
39
DJ Averages ...................................
DJ U.S. Total Market Industry Groups
Dow Jones Averages ......................
Dow Jones Per Share Values ...........
Earnings Scoreboard .....................
Exchange Traded Portfolios ...........
Federal Reserve Data Bank .............
Foreign Exchange ..........................
Global Stock Markets.....................
Gold & Silver Prices.........................
Gold Mining Index .........................
.9
...
...
1.3
.2
...
...
2.5
...
.8
...
...
2.2
...
1.9
1.7
...
...
...
...
...
...
3.5
6.6
...
6.6
...
1.8
5.0
7.8
3.6
...
9.7
...
...
2.9
2.0
...
...
...
1.7
1.2
...
2.6
...
...
.5
2.1
4.2
...
2.6
...
2.2
...
...
4.0
.7
2.5
1.7
1.7
6.5
1.6
...
1.3
.7
4.0
5.6
1.1
1.2
1.2
1.3
9.3
4.8
.4
...
2.6
...
...
37
dd
21
49
59
dd
dd
...
25
16
28
28
21
24
19
15
23
dd
dd
dd
cc
dd
21
...
74
29
17
26
15
14
14
dd
...
...
5
12
31
24
dd
34
22
41
26
38
45
dd
35
21
cc
17
61
61
20
47
cc
14
53
25
dd
12
16
33
dd
95
cc
cc
dd
28
34
34
19
17
12
dd
46
22
33
...
68.34
3.34
20.25
227.71
85.66
1.51
12.90
47.66
30.65
69.44
315225
210.16
38.30
60.23
73.25
57.37
424.04
5.26
.43
26.44
248.37
35.55
54.44
58.35
49.80
18.96
13.65
555.53
35.39
31.62
26.36
3.41
12.35
17.90
11.27
13.72
336.21
42.30
28.80
19.25
39.29
57.23
190.50
122.33
27.46
22.25
36.48
38.95
17.20
4.22
29.14
8.56
25.53
95.44
23.91
37.98
83.80
62.81
16.58
67.79
16.83
94.04
9.46
42.75
37.26
43.67
33.28
52.42
65.25
66.05
57.63
54.06
20.95
14.67
8.25
69.74
125.88
23.05
–0.84
+0.23
–0.07
+5.63
+2.89
–0.16
+0.50
–0.70
+0.70
–0.01
+13700
+8.74
+1.05
–0.80
+4.38
–0.57
+6.06
+0.08
+0.02
–3.52
–0.68
–1.44
–2.97
–4.96
+3.00
+0.59
–0.18
+29.96
+2.38
–0.02
–0.43
–0.50
+0.15
–0.20
+1.05
+0.70
+27.37
+2.25
+0.74
+2.31
+0.93
+1.94
+3.15
–5.53
+1.49
+0.80
–0.32
+0.30
–0.59
+0.17
+1.25
+0.96
+0.51
–0.31
+3.03
–1.77
+3.85
+0.92
+1.53
+0.50
–1.09
+1.48
–0.22
–0.90
–0.73
–0.14
–1.18
+0.13
–1.74
–2.15
+0.87
+1.53
–0.70
–0.17
–0.90
–0.20
+1.45
+0.89
9.01
–1.73
.99
4.60
2.65
–.45
.35
...
1.29
4.68
9.76
9.76
1.88
2.56
3.81
3.32
81.28
–3.08
–.78
–4.48
.95
–1.25
1.37
...
.67
.26
–3.02
19.04
1.56
2.53
1.91
...
...
...
1.77
1.18
7.61
.98
–450.82
.53
1.67
.55
6.79
3.26
.25
–1.19
3.63
1.84
.19
.15
–.33
–.65
1.31
1.55
.24
2.94
.68
2.65
–4.87
6.75
.91
2.70
–2.18
1.58
...
1.13
–.23
1.82
1.71
1.71
3.00
4.03
2.03
–1.27
.09
5.01
3.01
2.28
2.43
–.07
1.24
10.76
5.50
...
.11
2.37
1.48
2.40
9591.66
6.40
2.29
3.45
4.01
4.28
–6.67
–.47
–.77
–5.47
2.96
.88
3.36
...
1.41
.84
.12
22.38
2.79
2.54
1.98
–1.73
–.15
.89
...
1.34
10.14
1.91
1.14
.70
1.94
3.82
6.24
2.70
1.26
–.46
1.08
1.94
.36
...
3.40
.57
1.55
2.65
.41
3.28
3.03
3.00
–2.40
3.75
.93
3.82
–3.36
.50
.88
2.04
.09
1.87
1.98
1.98
3.85
3.39
1.70
.70
.50
2.83
4.28
.80
2.72
–.37
1.73
12.60
6.08
...
.23
2.69
1.66
3.57
13271
8.85
2.76
3.72
4.43
4.73
–4.62
–.09
–.16
–3.99
5.01
1.98
3.44
...
1.76
.72
.11
27.47
3.08
2.62
2.02
–.83
2.27
1.23
...
1.29
11.46
2.31
1.97
.92
2.16
4.20
6.96
2.77
1.38
–.18
1.40
2.08
.25
...
2.35
.60
1.73
2.99
.59
3.47
3.74
3.23
–1.34
4.18
.78
4.25
–.72
1.10
2.84
3.04
.20
2.27
2.22
2.21
4.31
3.77
1.64
1.14
.56
4.71
5.09
1.27
.16
...
...
.75
.05
...
...
.30
...
.50
...
...
.21
...
.34
.25
...
...
...
...
...
...
.475
.9688
...
.3125
...
2.50
.44
.62
.24
...
.30
.15
...
.10
1.71
.07
...
...
.17
.17
...
.80
...
...
.05
.2075
.18
.0739
.7547
...
.14
...
...
.38
.15
.40
.07
.5861
.275
.365
...
.14
.0625
.435
.4675
.15
.1975
.1975
.19
1.2625
1.75
.03
...
.46
...
...
20
16
dd
10
68
20
cc
19
82
82
dd
dd
21
dd
137.35
30.34
12.16
35.99
23.35
16.25
5.69
44.89
59.32
58.83
43.52
5.58
53.66
53.21
+0.20
+1.27
+0.42
+1.77
–0.56
+0.30
–0.02
+0.62
+1.48
+1.25
–0.15
+0.83
–1.01
+2.05
6.53
.31
–3.29
–7.98
–.53
.75
.75
1.69
2.81
2.81
–1.19
–27.49
...
–4.20
7.05
2.66
–3.85
.01
.66
.84
.40
2.62
4.35
4.35
–.39
–17.88
3.16
3.47
7.54
3.67
–1.54
2.46
.88
.90
.41
2.81
5.02
5.01
.41
–7.22
3.40
4.05
...
...
...
...
.0948
...
.20
...
.18
.18
.30
...
...
.16
C
The Week’s Statistics
Barron's 50-Stock Average .............
Cash Track .....................................
Charting the Market ......................
Closed-End Funds..........................
Coming Earnings ...........................
Conference Call Calendar...............
Consensus Estimates Dow Industrials
Delta Tactical Sentiment ................
Distributions & Offerings ...............
Dividend Boosts - Reductions.........
Dividend Ex-Payment Dates ...........
- Earnings Tick
- Week’s - Last This Next Div
Sym Yld P/E Last Chg. Year Year Year Amt
52-Week
High Low Name
...
...
...
...
...
...
14.1
...
1.2
1.2
2.8
...
...
1.2
Bonus Tables: M39
34
36
34
35
36
24
38
38
27
38
38
Indexes P/Es & Yields ......................
Initial Public Offerings....................
Investor Sentiment Readings .........
Key Foreign Market Indexes ...........
Market Lab ....................................
Money Rates, U.S. & Foreign ..........
Money Supply ...............................
Mutual Funds ................................
N.Y. Stock Exchange ......................
Nasdaq National Market................
New Corporate Listings .................
35
36
38
27
34
38
38
28
16
21
39
New Highs & Lows .........................
NYSE Half-Hourly Volume ..............
Other Market Indexes ....................
Pulse of the Economy.....................
S&P Dow Jones Indexes..................
SEC Form 144 Filings ......................
Short Interest NASDAQ..................
Short Interest NYSE/NYSE Amer .....
Stock Splits - Special Dividends ......
Stock Volume ................................
Top Retail Money Fund Top Yields ..
37
34
34
36
34
35
29
29
39
34
32
Top Savings Deposit Yields.............
Trading Diary .................................
Vital Signs......................................
Week In Stocks...............................
Weekly Bond Statistics...................
Weekly Volume By Markets ............
Winners & Losers Stocks ................
For statistical queries please contact the
Statistics Team: 609-520-4799
or email: barronsstats@barrons.com
or visit: barrons.com/mktlab?mod=BOL_Nav_MAR_other
33
34
4
35
38
35
8
January 15, 2018
BARRON’S
M17
New York Stock Exchange Composite List
For personal Do not edit or alter. Reproductions not permitted.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or
52-Week
High Low Name
50.85
55.62
15.02
26.47
161.35
25.56
16.48
19.55
41.89
17.69
38.06
33.67
30.29
28.35
15.76
39.47
6.95
17.43
84.72
8.98
788.00
67.45
29.57
28.45
19.00
63.06
34.34
22.10
23.42
46.15
7.75
15.63
15.81
15.16
62.95
96.39
13.36
64.23
47.62
33.96
100.01
85.73
37.38
187.42
18.90
39.15
110.74
63.74
106.40
17.60
10.27
10.10
1.30
11.41
84.88
20.88
119.21
77.64
69.89
70.56
54.44
28.96
32.28
119.45
24.89
4.75
43.39
13.47
170.67
27.78
72.56
6.36
9.61
112.44
14.74
11.19
13.39
10.37
15.11
109.70
30.45
7.38
33.55
36.00
27.61
15.00
119.05
23.91
18.18
17.04
266.31
58.08
19.43
7.29
3.85
29.36
86.35
133.85
36.15
15.50
20.90
14.95
11.40
41.97
2.11
17.85
58.83
1.74
22.36
84.88
12.86
58.35
53.78
16.55
26.73
2.32
499.00
81.10
2.16
156.00
37.53
54.18
27.98
213.73
142.88
41.58
40.41
8.74
18.67
108.05
15.25
11.30
12.56
19.51
10.63
32.82
27.38
23.16
19.30
13.50
16.75
2.58
6.70
66.45
7.46
573.60
50.21
20.55
20.00
13.80
32.47
22.39
12.00
6.47
32.65
4.65
9.93
9.34
9.30
42.55
78.38
7.68
45.00
26.30
15.20
77.20
68.27
27.52
143.20
16.16
28.77
69.21
35.50
76.05
11.60
10.00
9.60
1.05
8.51
54.66
8.05
92.09
54.29
52.65
51.44
34.24
23.15
19.90
77.94
8.14
3.05
25.51
10.10
90.34
12.20
59.66
4.70
1.30
81.01
9.79
8.33
9.04
7.10
6.76
61.37
25.25
3.49
27.34
20.75
13.16
8.30
77.61
18.66
7.54
6.84
163.50
23.92
16.40
3.41
1.75
22.55
63.11
102.55
9.55
6.96
17.16
5.06
6.61
23.81
1.19
13.54
48.70
0.97
10.62
69.60
4.60
27.70
45.90
11.28
13.25
1.02
263.00
53.40
1.04
127.15
31.28
43.21
19.40
133.52
89.49
CMS Energy
CNA Fin
CNH Indl
CNO Financial
CNOOC
CNX Midstream
CNX Resources
CONSOL Coal
CONSOL Energy
CPFLEnergia
CRH
CSRA
CSS Industries
CTS
Curo
CVR Energy
CVR Partners
CVR Refining
CVS Health
CYS Invts
CableOne
Cabot
CabotOil
CadenceBancorp
CAE g
CalAtlantic
Caleres
CalgonCarbon
CaliforniaRscs
CalWtrSvc
Calix
CallawayGolf
CallonPetrol
Calpine
Cambrex
CamdenProperty
Cameco g
CampbellSoup
CampingWorld
CanadaGoose
CIBC g
CanNtlRlwy g
CanNaturalRes g
CanPacRlwy g
Cannae
Canon
CantelMedical
CapitalOneWt
CapitalOne
CapitalSrLiving
CapitolInvtIV
CapitolInvIV A
CapitolInvIV Wt
CapsteadMtg
CardinalHealth
Care.com
Carlisle
CarMax
Carnival
Carnival
CarpenterTech
CarriageSvcs
Cars.com
Carters
Carvana
CastlightHealth
Catalent
CatchMarkTimber
Caterpillar
Cato
CedarFairRec
CedarRealty
Celadon
Celanese A
Celestica
CellcomIsrael
CementosPacasm
Cemex
CenovusEnergy g
Centene
CenterPointEner
CentraisElBras
CentralPacFin
CenturyComm
CenturyLink
ChannelAdvisor
CharlesRiverLabs
ChathamLodging
CheetahMobile
Chegg
Chemed
Chemours
CherryHillMtg
ChesapeakeEner
ChesapeakeGranite
ChesapeakeLodging
ChesapeakeUtil
Chevron
ChicagoB&I
Chico'sFas
ChimeraInvt
ChinaCordBlood
ChinaDistanceEd
ChinaEastrnAir
ChinaGreenAg
ChinaLifeIns
ChinaMobile
ChinaNewBorun
ChinaOnlineEduc
ChinaPetrol
ChinaRapidFin
ChinaSoAirlines
ChinaTelecom
ChinaUnicom
ChinaYuchai
ChinaZenixAuto
Chipotle
ChoiceHotels
Christopher&Banks
Chubb
ChunghwaTel
Church&Dwight
Ciena
Cigna
CimarexEnergy
- Earnings Tick
- Week’s - Last This Next Div
Sym Yld P/E Last Chg. Year Year Year Amt
CMS
CNA
CNHI
CNO
CEO
CNXM
CNX
CCR
CEIX
CPL
CRH
CSRA
CSS
CTS
CURO
CVI
UAN
CVRR
CVS
CYS
CABO
CBT
COG
CADE
CAE
CAA
CAL
CCC
CRC
CWT
CALX
ELY
CPE
CPN
CBM
CPT
CCJ
CPB
CWH
GOOS
CM
CNI
CNQ
CP
CNNE
CAJ
CMD
COF.WS
COF
CSU
CIC.U
CIC
CIC.WS
CMO
CAH
CRCM
CSL
KMX
CCL
CUK
CRS
CSV
CARS
CRI
CVNA
CSLT
CTLT
CTT
CAT
CATO
FUN
CDR
CGI
CE
CLS
CEL
CPAC
CX
CVE
CNC
CNP
EBR
CPF
CCS
CTL
ECOM
CRL
CLDT
CMCM
CHGG
CHE
CC
CHMI
CHK
CHKR
CHSP
CPK
CVX
CBI
CHS
CIM
CO
DL
CEA
CGA
LFC
CHL
BORN
COE
SNP
XRF
ZNH
CHA
CHU
CYD
ZX
CMG
CHH
CBK
CB
CHT
CHD
CIEN
CI
XEC
3.0
2.2
.8
1.4
3.2
...
...
...
...
2.2
1.2
1.2
2.9
.6
...
5.1
2.0
...
2.5
13.0
1.0
1.9
.8
...
1.5
.3
.8
.9
...
1.7
...
.3
...
...
...
3.5
3.2
3.1
.7
...
4.1
1.6
2.3
1.0
...
...
.2
...
1.5
...
...
...
...
8.6
2.6
...
1.3
...
2.6
2.6
1.3
1.1
...
1.2
...
...
...
4.2
1.8
9.5
5.5
3.8
1.2
1.7
...
...
4.2
...
1.4
...
4.1
...
2.3
...
12.4
...
...
5.8
...
...
.4
1.3
11.1
...
14.0
5.8
1.8
3.2
...
3.3
11.1
...
...
...
...
1.1
4.2
...
...
3.6
...
1.3
2.8
...
...
...
...
1.1
...
2.0
4.5
1.6
...
.0
.3
23
16
...
9
20
12
dd
12
9
24
21
17
12
25
...
82
dd
24
16
dd
35
18
dd
20
25
18
24
cc
dd
30
dd
7
29
dd
17
51
dd
16
23
...
11
23
22
19
8
20
61
...
15
dd
...
...
...
15
21
cc
23
19
19
20
33
26
18
23
...
dd
49
dd
cc
30
24
cc
73
19
14
9
38
11
5
22
20
3
20
16
30
dd
26
33
41
dd
58
36
3
dd
7
28
27
39
dd
15
6
25
21
14
3
19
13
4
dd
13
dd
14
14
cc
9
dd
63
30
dd
17
24
28
3
23
32
44.01
53.74
14.93
26.09
161.25
20.06
15.19
16.00
35.05
12.43
37.32
32.08
27.75
27.70
15.47
39.33
3.99
17.35
78.78
7.69
714.15
67.24
28.88
28.17
18.76
61.95
33.40
21.30
21.94
42.85
5.95
14.29
12.91
15.07
51.65
84.77
9.86
45.51
45.27
32.38
98.62
80.96
37.14
183.02
17.10
38.90
110.18
62.68
105.43
12.43
10.07
9.70
1.10
8.85
71.49
19.16
116.96
72.33
69.69
70.01
53.72
26.60
30.57
118.79
20.95
4.30
43.00
12.99
170.30
13.85
64.50
5.32
6.60
111.34
11.10
10.38
12.73
8.03
10.91
109.48
27.37
5.24
31.02
34.90
17.36
9.45
105.34
22.60
15.67
16.74
262.16
52.47
17.62
4.28
1.88
27.37
72.65
133.60
19.01
9.87
18.09
9.11
9.27
41.97
1.50
16.05
49.85
1.49
12.91
84.07
5.59
58.35
48.12
13.84
25.19
1.33
327.34
80.55
1.26
145.64
36.68
49.02
21.94
213.39
127.14
–1.80
+0.69
+0.88
+1.10
+6.74
+1.53
+0.40
...
+0.05
+0.91
–0.29
+1.01
–0.23
+0.85
+0.98
+0.19
–0.05
+0.85
+0.33
–0.17
+3.45
+1.80
+0.12
+0.72
–0.17
+1.53
+1.11
–0.05
+1.15
–0.65
+0.25
+0.19
+0.53
–0.01
+0.95
–3.61
+0.07
–1.78
+0.37
–1.05
–1.26
–3.99
+0.61
–1.74
+0.16
+0.89
+4.10
+3.44
+4.00
–0.56
+0.02
+0.02
...
+0.13
+8.27
–0.33
–0.98
+1.29
+3.39
+3.65
+0.99
+0.18
–0.61
+1.66
+1.24
+0.45
+1.34
–0.27
+8.34
+0.74
–0.66
–0.64
+0.25
+3.09
+0.39
–0.07
+0.28
+0.14
+0.79
+3.99
–0.50
–0.48
+1.10
+0.45
+0.36
+0.45
–6.54
+0.18
+1.63
–0.05
+6.38
+1.14
–0.08
+0.29
+0.08
+0.35
–3.35
+5.70
+0.96
+1.10
–0.02
–0.43
–0.62
+0.27
–0.10
+0.38
–0.46
+0.11
–0.23
+4.49
–0.74
+0.35
–0.22
–0.13
+0.45
–0.18
+13.55
+3.80
–0.05
+1.38
+0.11
–1.05
+0.40
+2.84
–0.68
1.98
3.17
...
2.01
.15
1.58
–3.70
.83
1.48
.52
1.66
1.84
3.13
1.03
1.47
.28
–.26
.10
4.90
–.04
17.14
3.80
–.91
65.52
.72
3.60
1.52
.27
6.76
1.01
–.56
1.98
–.78
.26
2.48
9.05
–.12
2.89
.09
.17
8.61
3.54
–.14
8.07
...
1.27
1.71
...
6.89
–.97
...
...
...
.70
4.03
.10
3.82
3.26
3.59
3.59
.99
1.12
...
5.08
–1.10
–.58
.87
–.29
–.11
1.72
3.14
–.08
.88
6.18
.96
1.47
.49
...
–.49
3.43
1.00
.74
1.50
2.33
1.16
–.31
3.23
.81
...
–.47
6.48
.04
3.30
–6.45
.36
1.13
2.86
–.27
–3.05
.69
2.92
.24
.45
...
.66
.50
4.00
.37
...
5.77
–2.45
...
...
.05
1.94
–.08
.77
2.46
–.48
8.87
1.60
1.75
7.53
7.19
–4.38
2.17
3.16
...
1.65
10.82
1.75
.09
1.51
3.56
.33
1.93
1.97
1.38
1.16
1.72
.79
–.56
.79
5.89
1.03
22.60
3.80
.52
1.44
.83
3.37
2.13
.52
–4.78
1.33
–1.28
.52
.43
.25
3.10
1.71
.07
2.97
2.27
.46
8.78
3.99
.85
9.09
1.57
2.01
2.40
...
6.66
–1.51
...
...
...
.63
5.03
.53
4.89
3.85
4.26
4.26
2.39
1.40
1.29
5.63
–1.19
–.23
1.61
–.33
6.45
.95
3.01
–.02
...
7.38
1.22
1.45
.49
.54
.56
4.99
1.33
.37
1.47
2.22
1.68
–.09
5.13
.66
.56
.26
8.38
3.69
2.10
.72
...
.88
2.84
4.23
–2.05
.66
2.34
...
...
3.69
...
.85
4.23
...
–3.79
6.81
–.80
5.01
3.63
.25
2.68
...
6.67
2.88
–.63
7.24
1.66
1.92
1.25
10.38
4.51
2.33
3.71
...
2.00
13.10
1.68
.27
1.85
3.49
.39
2.28
2.23
1.62
1.26
2.19
2.20
–.21
1.29
6.49
.94
24.63
4.22
.96
1.81
.93
4.30
2.45
.72
–3.44
1.42
–.24
.61
.78
.87
2.82
1.95
.20
3.13
2.53
.58
9.31
4.40
1.58
10.44
–.44
2.10
2.84
...
9.24
–.77
...
...
...
.62
5.65
.63
6.15
4.35
4.91
4.91
3.14
1.82
1.01
6.44
–.61
–.09
1.85
–.34
7.99
.90
3.38
.11
...
8.27
1.27
1.94
.57
.54
.25
5.87
1.45
.32
2.02
3.73
1.38
.03
5.58
.92
.73
.45
9.79
5.08
1.98
.79
...
1.14
3.40
5.67
1.90
.75
2.41
...
...
3.46
...
1.02
4.47
...
.81
7.31
.69
5.46
4.06
.47
2.83
...
9.60
3.39
–.13
10.79
1.64
2.13
1.56
11.87
6.33
.3325
.30
.1175
.09
2.5612
...
...
...
...
.1363
.2225
.10
.20
.04
...
.50
.02
.94
.50
.25
1.75
.315
.06
...
.0708
.04
.07
.05
...
.18
...
.01
...
...
...
.75
.0791
.35
.0732
...
1.0181
.3304
.2149
.4406
...
...
.085
...
.40
...
...
...
...
.19
.4624
...
.37
...
.45
.45
.18
.075
...
.37
...
...
...
.135
.78
.33
.89
.05
.02
.46
...
...
.5403
...
.039
...
.2775
...
.18
...
.54
...
...
.11
...
...
.28
.17
.49
...
.0657
.40
.325
1.08
.07
.0825
.50
...
.45
.3581
...
.174
1.0387
...
...
1.5014
...
.7323
1.3446
...
.90
...
...
.215
...
.71
1.6376
.19
...
.04
.08
52-Week
High Low Name
- Earnings Tick
- Week’s - Last This Next Div
Sym Yld P/E Last Chg. Year Year Year Amt
23.32
44.84
32.50
72.96
77.92
0.20
45.79
10.86
13.93
3.73
20.20
61.62
6.35
66.68
12.37
15.00
150.40
6.30
23.35
47.48
44.75
91.85
12.30
47.83
43.29
77.27
14.92
23.48
93.54
64.10
44.80
25.90
62.59
10.51
30.64
11.33
4.75
3.84
11.43
4.24
30.35
18.35
84.40
13.42
41.68
159.52
4.96
18.15
60.24
89.70
229.50
229.27
12.45
6.37
31.00
58.89
16.00
26.66
256.39
133.43
44.50
141.34
124.99
35.33
49.30
38.90
120.85
34.69
19.00
36.03
10.55
8.18
45.97
17.77
20.88
9.63
17.30
92.71
9.95
12.58
224.36
18.96
12.81
28.30
19.00
29.80
114.97
62.27
24.00
29.79
64.95
103.37
34.75
185.10
129.39
36.35
14.27
16.05
32.03
22.61
42.25
55.23
0.06
31.51
5.86
11.43
1.57
15.40
49.63
3.35
42.20
5.56
9.43
118.82
2.78
14.50
40.22
31.96
59.44
6.71
33.83
33.31
63.43
10.35
20.37
64.04
34.89
31.90
17.05
48.89
3.85
21.33
8.15
1.83
1.89
6.70
1.76
20.99
15.90
59.72
4.01
32.16
106.73
3.22
13.75
42.27
72.13
146.99
147.95
5.35
3.53
21.00
29.08
7.71
20.15
177.06
95.33
31.55
92.98
86.55
21.41
34.59
31.45
82.64
24.13
15.25
27.10
5.63
5.07
30.84
10.34
14.24
7.81
13.00
67.62
6.78
8.22
150.71
13.28
6.42
20.00
14.10
22.57
85.16
51.76
14.03
22.83
39.58
81.09
26.15
138.16
82.77
24.75
5.55
CincinnatiBell
Cinemark
CinerRscs
CircorIntl
Citigroup
CitigroupWt19
CitizensFin
Citizens
CityOfficeREIT
Civeo
CivitasSolutions
CleanHarbors
ClearChannelOutdr
ClearwaterPaper
Cleveland-Cliffs
ClipperRealty
Clorox
CloudPeakEnergy
Cloudera
Coca-Cola
Coca-Cola Euro
Coca-Cola Femsa
CoeurMining
Cohen&Steers
Colfax
ColgatePalm
ColonyNorthStar
ColumbiaProperty
Comerica
ComericaWt
ComfortSystems
CommercialMetals
CommBkSys
CommunityHlthSys
CommunityHlthcr
SABESP
EngGr-Cmg C
EngGr-Cmg
COPEL
CiaSiderurgica
CerveceriasUnid
CompassDiversif
CompassMnlInt
ComstockRscs
ConagraBrands
ConchoRscs
ConcordMed
Conduent
ConocoPhillips
ConEd
ConstBrands A
ConstBrands B
Constellium
ContainerStore
ContinentalBldg
ContinentalRscs
Volaris
Convergys
Cooper
Cooper-Standard
CooperT&R
Copa
CoreLabs
CoreCivic
CoreLogic
CorEnergyInfr
Coresite
Corning
CorpCapitalTr
CorpOfficeProp
Cosan
Costamare
Cotiviti
Cott
Coty
CousinsProperties
Covanta
Crane
Crawford A
Crawford B
Credicorp
CreditSuisse
CrescentPoint g
CrestwoodEquity
CrossTimbers
CrossAmerPtrs
CrownCastle
CrownHoldings
CryoLife
CubeSmart
Cubic
Cullen/Frost
Culp
Cummins
CurtissWright
CustomersBancorp
CypressEnergy
CBB
CNK
CINR
CIR
C
C.WS.A
CFG
CIA
CIO
CVEO
CIVI
CLH
CCO
CLW
CLF
CLPR
CLX
CLD
CLDR
KO
CCE
KOF
CDE
CNS
CFX
CL
CLNS
CXP
CMA
CMA.WS
FIX
CMC
CBU
CYH
CHCT
SBS
CIG.C
CIG
ELP
SID
CCU
CODI
CMP
CRK
CAG
CXO
CCM
CNDT
COP
ED
STZ
STZ.B
CSTM
TCS
CBPX
CLR
VLRS
CVG
COO
CPS
CTB
CPA
CLB
CXW
CLGX
CORR
COR
GLW
CCT
OFC
CZZ
CMRE
COTV
COT
COTY
CUZ
CVA
CR
CRD.A
CRD.B
BAP
CS
CPG
CEQP
CRT
CAPL
CCI
CCK
CRY
CUBE
CUB
CFR
CULP
CMI
CW
CUBI
CELP
...
3.3
8.6
.3
1.7
...
1.6
...
7.8
...
...
...
...
...
...
3.8
2.4
...
...
3.2
2.5
2.4
...
2.5
...
2.1
10.4
3.7
1.3
...
.7
1.9
2.4
...
6.1
...
...
...
...
...
1.6
8.2
3.8
...
2.3
...
...
...
1.8
3.5
1.0
.9
...
...
...
...
...
1.7
.0
...
1.1
2.1
1.8
7.5
...
7.8
3.7
1.8
...
4.1
.7
6.3
...
1.4
2.4
2.7
5.9
1.4
3.3
2.1
2.2
3.8
3.1
8.9
6.1
10.4
4.1
...
...
4.4
.4
2.3
1.1
2.3
.5
...
11.7
42.45
61.53
15.57
6.30
5.20
6.67
84.48
22.72
116.74
58.42
102.71
35.00
99.66
3.20
69.76
100.11
19.16
80.71
21.34
83.10
170.73
36.05
37.96
87.33
29.70
43.95
7.26
1.60
3.52
2.84
50.22
15.14
96.56
50.43
64.06
17.53
78.97
1.25
18.01
71.43
11.51
52.51
9.01
44.00
104.10
26.80
20.65
57.50
DCP Midstream
DCT Industrial
DDR
DHI Group
DHT
DRDGOLD
DST Systems
DSW
DTE Energy
DTE EnergyUn
DXC Tech
Dana
Danaher
Danaos
DaqoNewEnergy
Darden
DarlingIngred
DaVita
DeanFoods
DeckersOutdoor
Deere
DelekLogistics
DelekUS
DellTechs
DCP
DCT
DDR
DHX
DHT
DRD
DST
DSW
DTE
DTV
DXC
DAN
DHR
DAC
DQ
DRI
DAR
DVA
DF
DECK
DE
DKL
DK
DVMT
7.5
2.5
8.8
...
2.1
4.6
.9
3.8
3.4
6.4
.7
.7
.6
...
...
2.6
...
...
3.2
...
1.4
8.8
1.6
...
20
17
14
56
15
...
18
63
dd
dd
cc
cc
cc
32
17
dd
26
cc
dd
44
25
19
dd
22
29
29
...
cc
21
...
26
63
...
dd
cc
9
13
88
7
dd
27
dd
18
dd
22
42
...
dd
dd
20
26
29
40
49
24
dd
dd
18
31
18
10
16
68
13
43
16
57
15
23
48
53
18
35
dd
dd
cc
dd
41
13
14
15
dd
dd
dd
15
...
86
17
67
41
dd
19
19
19
27
16
57
18.80
35.32
26.50
52.43
76.84
.12
45.52
7.75
11.99
3.20
17.40
55.55
4.90
49.40
8.68
10.03
140.96
5.55
18.14
46.15
38.79
71.66
8.55
45.45
41.76
74.62
10.36
21.85
93.04
64.00
44.10
25.16
55.63
5.15
25.73
10.51
2.07
2.12
7.29
3.31
28.63
17.50
75.50
9.12
36.71
159.09
3.26
16.91
60.05
79.49
217.52
220.10
12.35
4.90
29.05
57.66
8.03
22.90
230.84
132.00
39.85
141.01
119.10
22.32
46.81
38.49
105.67
34.66
16.15
27.15
10.40
6.36
33.85
16.75
20.78
9.00
16.95
92.28
8.44
9.54
222.88
18.96
9.01
26.90
15.41
24.16
103.57
58.10
18.65
27.30
61.95
100.90
31.85
184.18
128.74
30.00
7.17
+0.60
+1.15
+0.23
+1.75
+1.43
+0.02
+1.64
+0.16
–0.90
+0.26
–0.60
+0.97
+0.15
+1.00
+0.55
+0.02
–4.77
+0.72
+0.89
+0.08
–0.22
+0.82
+1.13
–1.00
+1.01
–0.80
–0.63
–0.51
+4.57
+4.40
+1.85
+0.26
+1.75
+1.07
–1.50
+0.11
–0.12
+0.03
–0.16
+0.41
–0.96
+0.10
+1.25
+0.12
–1.35
+3.49
–0.12
+0.75
+3.17
–2.25
–2.36
–1.09
+0.55
+0.05
–1.80
+2.42
–0.29
–0.61
+0.34
+1.29
+2.60
+6.87
+3.19
–0.41
+0.83
+0.76
–6.13
+1.02
+0.25
–0.99
–0.07
+0.22
+0.49
+0.17
+0.38
–0.13
+0.40
+0.93
+0.18
+0.25
–0.29
+0.86
+0.84
+1.25
+0.32
–0.14
–4.46
+1.36
–0.80
–0.79
+2.60
+5.18
–0.30
+2.72
+5.44
+2.58
+0.74
2.18
2.19
2.08
.61
4.72
...
1.97
.04
–.13
–.90
.17
–.69
.39
2.90
.87
–.34
5.33
.35
...
1.49
1.45
2.61
.34
2.00
1.04
2.72
.21
.68
2.68
...
1.72
.39
...
–15.54
.24
1.26
.08
.08
1.08
–.20
.96
.51
4.79
–11.52
1.46
–10.85
–.90
–4.85
–2.91
4.12
7.52
7.52
–.04
.31
1.08
–1.08
...
1.40
7.52
7.42
4.51
7.90
1.47
1.87
1.19
2.14
1.54
3.23
.80
–.03
.30
.79
.55
–.61
–.66
...
–.03
2.07
.60
.60
13.10
–1.29
–1.37
–3.55
1.06
.22
.95
3.56
.32
.45
–.41
4.70
1.78
8.23
4.15
2.31
.13
.49
1.98
2.27
1.62
5.27
...
2.72
...
–.06
–.56
.76
.33
–.23
2.63
.97
.27
5.66
–.37
–.82
1.91
...
3.61
.02
2.05
1.69
2.87
.11
–.01
4.63
...
1.79
1.45
2.63
–1.29
...
1.11
.23
.23
1.03
...
1.13
1.56
2.57
–5.20
1.89
1.90
...
.79
.59
4.09
8.53
8.53
.61
.37
1.25
.35
–.49
1.85
11.50
10.77
3.22
8.65
1.99
1.53
2.32
2.44
1.87
1.70
1.55
.86
.31
.79
1.54
.05
.69
...
–.25
4.52
.78
.78
14.46
.75
–.06
–1.58
...
.09
1.05
4.03
.26
.73
1.46
5.34
1.85
10.24
4.75
2.18
.45
.15
2.27
2.64
2.41
6.17
...
3.17
...
–.27
–.44
.93
.97
–.16
3.58
.91
.35
6.13
–.14
–.60
2.00
...
3.53
.26
2.56
2.01
3.10
.28
.10
6.02
...
2.23
1.93
2.95
–.97
...
1.30
.37
.37
1.38
.12
1.21
1.70
3.62
–2.63
2.07
2.63
...
.98
1.88
4.26
9.54
9.55
1.09
.40
1.55
1.24
.59
1.85
12.45
11.80
3.69
9.98
2.74
1.43
2.49
2.47
2.21
1.81
1.71
.94
.94
.66
1.69
.34
.96
...
.11
5.13
.85
.85
16.26
1.29
...
–.35
...
.53
1.17
4.43
.33
.79
2.50
6.12
1.79
11.81
5.19
2.81
.45
...
.29
.567
.0375
.32
...
.18
...
.235
...
...
...
.0687
...
...
.095
.84
...
...
.37
.24
.8716
...
1.00
...
.40
.27
.20
.30
...
.075
.12
.34
...
.395
.3626
...
.0368
.3086
...
.2304
.36
.72
...
.2125
...
...
...
.265
.69
.52
.47
...
...
...
...
...
.10
.03
...
.105
.75
.55
.42
...
.75
.98
.155
.2681
.275
.0756
.10
...
.06
.125
.06
.25
.33
.07
.05
4.8354
.7161
.0233
.60
.0785
.6275
1.05
...
...
.30
.135
.57
.09
1.08
.15
...
.21
59
51
dd
dd
dd
cc
12
20
19
...
cc
7
29
dd
11
25
50
30
24
83
25
17
24
dd
41.63
56.49
8.59
1.85
3.79
3.19
83.51
21.15
103.92
50.43
101.29
34.88
99.39
1.50
68.24
98.02
19.15
79.13
11.27
82.95
169.30
32.50
37.64
86.75
+3.29
–0.50
–0.23
...
–0.05
–0.01
+19.69
+0.20
–2.28
–2.82
+0.66
+0.52
+4.68
–0.10
+3.46
–1.29
+0.95
+3.60
–0.17
+3.99
+8.98
–0.55
+0.51
+1.35
1.64
1.03
.10
–.11
.10
.02
6.41
1.52
4.83
...
–.88
4.36
3.65
–3.34
4.24
3.80
.62
4.29
1.31
.18
6.68
2.07
–2.49
–2.79
.65
1.08
–.04
.17
.20
.18
3.08
1.42
5.52
...
7.54
2.46
3.99
.86
6.99
4.68
.23
3.44
.81
4.31
8.23
2.33
.89
5.16
1.28
.73
.06
.21
.17
.18
3.70
1.60
5.68
...
8.71
2.87
4.34
.95
5.77
5.27
.71
3.73
.87
5.00
9.76
3.20
1.92
5.55
.78
.36
.19
...
.02
.0367
.18
.20
.8825
.8125
.18
.06
.14
...
...
.63
...
...
.09
...
.60
.715
.15
...
D
FIVE-DAY DOW COMPOSITE
Rock On: The Dow gained 2% last week as stocks continued their 2018 rally. Boeing
gained 8.9% after reporting rock-solid fourth-quarter airplane deliveries, while Intel
dropped 3.4%.
Monday
Tuesday
Wednesday
Thursday
Friday
25840
25680
25520
25360
(Prev Fri's
Close)
-12.87
25200
10
12
52-Week
High Low Name
+102.80
2
4pm
10
12
2
-16.67
4pm
10
- Earnings Tick
- Week’s - Last This Next Div
Sym Yld P/E Last Chg. Year Year Year Amt
59.60
60.50
96.65
78.24
3.87
34.70
20.23
47.82
147.06
20.41
12.08
6.20
54.74
31.85
127.23
83.44
77.09
26.17
81.00
116.10
65.56
99.69
85.30
54.16
34.85
221.58
51.57
51.38
27.08
12.50
42.60
41.59
104.56
1.79
2.45
76.34
99.47
46.95
67.95
6.49
35.58
91.80
30.14
125.57
118.68
17.93
12.84
8.36
85.58
7.41
38.00
43.81
65.65
66.43
0.91
22.73
15.59
28.79
106.34
10.06
10.43
3.45
23.88
16.00
101.70
45.51
36.71
12.76
57.50
96.20
47.19
65.97
70.87
48.10
25.10
164.32
35.47
41.46
18.06
6.20
28.55
36.60
75.51
0.92
1.80
64.01
83.23
29.83
35.85
2.41
25.06
76.28
23.93
100.46
73.95
10.66
5.84
0.11
49.03
6.58
DelphiTechs
DeltaAir
DelticTimber
Deluxe
DenburyRscs
Despegar.com
DeutscheBank
DevonEnergy
Diageo
DiamondOffshore
DiamndrckHspty
DianaShipping
Dick's
DieboldNixdorf
DigitalRealty
Dillard's
DineEquity
DiplomatPharmacy
DiscoverFinSvcs
Disney
DolbyLab
DollarGeneral
DominionEner
DominionEnerUn
DominionEnerMid
Domino's
Domtar
Donaldson
DonnelleyFin
DorianLPG
DouglasDynamics
DouglasEmmett
Dover
DoverDowns
DoverMotorsports
DowDuPont
DrPepperSnap
DrReddy'sLab
Dril-Quip
DriveShack
Ducommun
DukeEnergy
DukeRealty
D&B
DycomInds
DynagasLNG
Dynegy
DynegyAWt
DynegyUn
DynexCapital
DLPH
DAL
DEL
DLX
DNR
DESP
DB
DVN
DEO
DO
DRH
DSX
DKS
DBD
DLR
DDS
DIN
DPLO
DFS
DIS
DLB
DG
D
DCUD
DM
DPZ
UFS
DCI
DFIN
LPG
PLOW
DEI
DOV
DDE
DVD
DWDP
DPS
RDY
DRQ
DS
DCO
DUK
DRE
DNB
DY
DLNG
DYN
DYN.WS.A
DYNC
DX
...
2.0
.4
1.5
...
...
1.1
.5
2.8
...
4.3
...
2.0
2.2
3.5
.6
7.3
...
1.7
1.5
1.0
1.0
4.1
6.7
3.8
.9
3.3
1.4
...
...
2.4
2.6
1.8
...
4.2
...
2.4
.8
...
...
...
4.5
3.1
1.7
...
14.5
...
...
8.7
10.3
2.95
31.10
114.95
85.08
36.05
12.03
116.47
111.95
6.32
77.70
67.84
31.76
82.99
65.95
121.13
15.50
22.32
95.03
98.24
15.30
3.61
3.15
84.35
60.85
3.10
138.12
18.04
82.06
83.38
42.80
121.45
12.50
15.33
61.15
3.91
2.00
18.52
79.71
59.76
29.44
4.10
81.99
63.32
1.54
59.53
49.63
24.18
64.42
50.30
86.51
7.85
19.08
67.69
74.78
2.95
0.01
...
66.98
41.40
1.60
117.55
8.44
55.94
61.25
33.02
86.55
8.89
13.90
44.70
1.10
ECA Marcellus
elfBeauty
EllieMae
EMCOR
ENI
ENSCO
EOG Rscs
EPAM Systems
EP Energy
EPR Prop
EQT
EQT GP
EQT Midstream
ESCO Tech
EagleMaterials
EarthstoneEner
EasterlyGovtProp
EastGroup
EastmanChem
EastmanKodak
EastmanKodakWt
EastmanKodakWt
Eaton
EatonVance
EclipseResources
Ecolab
Ecopetrol
EdgewellPersonal
EdisonInt
EducationRealty
EdwardsLife
eHiCarServices
8x8
ElPasoElectric
EldoradoGold g
ECT
ELF
ELLI
EME
E
ESV
EOG
EPAM
EPE
EPR
EQT
EQGP
EQM
ESE
EXP
ESTE
DEA
EGP
EMN
KODK
KODK.WS
KODK.WS.A
ETN
EV
ECR
ECL
EC
EPC
EIX
EDR
EW
EHIC
EGHT
EE
EGO
13.3
...
...
.4
5.3
.5
.6
...
...
6.8
.2
3.1
5.1
.5
.3
...
5.1
3.1
2.3
...
...
...
1.8
2.1
...
1.2
...
...
3.9
4.7
...
...
...
2.6
...
...
12
cc
19
dd
54
dd
15
27
22
26
dd
12
dd
85
19
dd
cc
14
20
34
22
22
...
23
40
18
29
21
dd
30
72
24
dd
19
41
24
37
dd
dd
25
26
35
23
28
19
dd
...
...
5
59.46
59.83
92.33
77.67
2.43
29.31
18.70
44.04
144.72
20.13
11.61
4.42
33.33
18.35
105.78
70.00
53.42
25.93
80.51
112.47
65.35
99.10
75.94
50.45
31.65
211.15
50.33
51.23
20.64
7.78
40.50
38.36
104.14
1.11
1.90
75.41
95.24
38.20
56.35
5.61
29.64
78.90
25.71
119.96
118.09
11.66
11.96
.19
80.50
6.98
+2.98
+3.86
+2.78
+0.43
+0.12
+1.08
+0.15
+0.93
–0.21
+1.08
+0.40
+0.14
+2.30
+1.00
–7.22
+11.65
+1.96
+2.94
+2.35
+0.85
+1.83
+3.38
–0.90
–0.14
+0.30
+10.85
–0.08
+1.67
+0.63
–0.32
+0.45
–1.42
+1.76
+0.09
–0.10
–0.01
–0.26
–0.53
+3.40
+0.31
+1.24
–3.04
–0.75
+0.19
+5.16
–0.56
–0.01
–0.02
+1.39
+0.06
...
5.79
.76
4.65
–2.61
.30
–1.08
–6.52
5.40
–2.72
.57
–2.11
2.56
–.48
2.20
4.93
5.33
.42
5.77
5.69
1.95
4.43
3.44
...
1.30
4.30
2.04
1.74
1.80
–.03
1.70
.55
3.25
.02
.10
3.52
4.54
1.08
2.47
1.04
2.24
3.11
.88
2.65
4.92
1.69
–9.78
...
...
.69
4.46
5.92
.98
5.27
.08
.63
.83
1.81
6.22
.86
.43
–.90
2.98
1.08
1.14
3.59
4.14
.85
5.96
6.35
2.24
4.51
3.58
...
1.49
5.77
2.75
1.99
1.53
–.58
1.42
.59
4.31
...
...
3.30
4.51
1.14
.18
.32
.94
4.56
4.08
7.18
4.86
.82
.04
...
...
.71
4.73
6.42
2.15
5.46
.27
.79
1.28
2.51
6.79
.09
.47
–.32
2.62
1.52
1.82
3.63
4.26
.96
7.35
6.78
2.61
5.32
4.03
...
1.66
7.60
3.24
2.21
1.69
.27
1.77
.77
4.54
...
...
4.11
5.15
1.88
.16
.44
1.32
4.81
.40
7.38
5.88
.60
.31
...
...
.72
...
.305
.10
.30
...
...
.2024
.06
2.0188
...
.125
...
.17
.10
.93
.10
.97
...
.35
.84
.16
.26
.77
.8438
.3025
.46
.415
.18
...
...
.24
.25
.47
...
.08
.38
.58
.3139
...
...
...
.89
.85
.5025
...
.4225
...
...
1.75
.18
7
52
64
23
35
dd
cc
47
dd
18
cc
31
15
31
28
dd
cc
35
14
dd
...
...
13
25
dd
31
30
cc
14
73
35
59
dd
21
7
2.20
19.26
96.38
84.14
36.03
7.43
115.70
110.87
2.48
59.62
58.46
29.55
77.03
65.10
120.07
11.71
20.52
83.85
97.43
9.20
1.12
.87
84.24
60.45
2.55
137.68
16.87
59.71
61.42
33.18
120.83
12.04
15.25
51.05
1.29
+0.10
–2.52
+7.41
+1.41
+1.06
+0.72
+3.53
+0.66
–0.07
–2.97
+0.65
+1.05
+1.89
+3.80
+1.55
+0.47
–0.33
–2.51
+0.32
+6.05
+1.11
+0.85
+2.85
+2.11
+0.01
+0.50
–0.28
–0.80
–1.56
–0.40
+4.97
+0.13
+0.80
–3.20
–0.12
.20
–39.47
1.15
2.97
–.91
3.13
–1.98
1.87
–.11
3.17
–2.71
.80
5.21
2.07
4.10
–2.92
.10
2.93
5.75
.28
...
...
4.21
2.42
–.84
4.14
.25
.10
3.97
.65
2.61
...
–.05
2.39
–.48
...
.56
1.54
3.79
1.37
–.49
.89
3.42
–.42
3.49
.92
.98
5.39
2.35
5.01
.08
.09
2.28
7.08
...
...
...
4.59
3.23
–.04
4.69
.80
3.84
4.32
.55
3.76
.26
.06
2.48
.03
...
.60
1.62
4.09
1.83
–.79
2.28
4.17
–.39
3.51
2.15
1.08
5.30
2.65
6.50
.51
.18
2.31
8.20
...
...
...
5.08
3.68
–.02
5.27
1.28
4.03
4.27
.63
4.20
.51
.09
2.63
.05
.073
...
...
.08
.9588
.01
.1675
...
...
.34
.03
.228
.98
.08
.10
...
.26
.64
.56
...
...
...
.60
.31
...
.41
.1557
...
.605
.39
...
...
...
.335
.0153
E
12
+205.60
2
4pm
10
52-Week
High Low Name
12
2
+228.46
4pm
10
12
2
4pm
- Earnings Tick
- Week’s - Last This Next Div
Sym Yld P/E Last Chg. Year Year Year Amt
9.48
17.00
15.74
28.06
31.07
27.45
24.56
24.45
49.25
74.45
21.98
50.45
54.49
17.36
24.10
26.06
44.52
14.31
52.58
4.90
4.45
11.44
6.31
27.77
60.07
60.07
19.85
26.73
10.96
84.74
35.63
20.45
19.59
21.50
17.50
94.79
16.55
87.95
26.99
30.25
7.90
55.15
73.00
31.95
12.04
147.02
32.51
91.94
70.46
3.00
16.94
16.90
48.52
270.04
132.49
102.70
33.92
9.65
98.40
277.17
8.99
66.15
19.52
27.50
24.85
42.67
11.70
20.95
34.05
88.56
87.99
5.90
14.45
11.39
19.74
21.39
17.58
18.67
5.65
27.94
56.00
18.92
35.60
28.88
13.75
12.03
12.25
34.39
8.01
38.24
1.94
2.75
8.55
4.61
18.36
46.16
40.64
15.03
15.25
6.52
61.33
25.70
15.00
14.43
15.20
11.15
61.36
9.45
69.63
24.31
23.59
4.90
30.80
23.77
24.60
6.27
89.59
29.48
72.19
59.49
1.97
8.00
6.65
31.63
218.41
78.36
68.30
26.45
6.90
66.80
208.81
2.39
54.10
12.60
10.30
19.10
33.30
5.28
15.43
23.29
71.34
76.05
ElevateCredit
EllingtonFin
EllingtonResiMtg
EmbotellAndinaA
EmbotellAndinaB
Embraer
EmeraldExpo
EmergeEnergy
EmergentBiosol
EmersonElec
EmpireStateRealty
EmployersHldgs
EmpresaDisCom
EnableMidstream
EnbridgeEnergy
EnbridgeEnPtrs
Enbridge g
Encana
EncompassHealth
EndeavourSilver
EnduroRoyalty
EnelAmericas
EnelChile
EnelGenChile
Energen
Energizer
EnergyTransferEq
EnergyTransfer
Enerplus g
EnerSys
Engility
EnLinkMid
EnLinkMidPtrs
Ennis
EnovaIntl
EnPro
Entercom
Entergy
EntergyBds66
EnterpriseProd
Entravision
Envestnet
EnvisionHlthcr
EnvivaPartners
EnzoBiochem
Equifax
EquityCommnwlth
EquityLife
EquityResdntl
EquusTotReturn
EraGroup
ErosIntl
EssentGroup
EssexProp
EsteeLauder
EsterlineTechs
EthanAllen
Euronav
EvercoreA
EverestRe
Everi
EversourceEner
Evertec
EvolentHealth
EvoquaWater
Exelon
Express
ExtendedStayAmer
Exterran
ExtraSpaceSt
ExxonMobil
ELVT
EFC
EARN
AKO.A
AKO.B
ERJ
EEX
EMES
EBS
EMR
ESRT
EIG
EDN
ENBL
EEQ
EEP
ENB
ECA
EHC
EXK
NDRO
ENIA
ENIC
EOCC
EGN
ENR
ETE
ETP
ERF
ENS
EGL
ENLC
ENLK
EBF
ENVA
NPO
ETM
ETR
ENO
EPD
EVC
ENV
EVHC
EVA
ENZ
EFX
EQC
ELS
EQR
EQS
ERA
EROS
ESNT
ESS
EL
ESL
ETH
EURN
EVR
RE
EVRI
ES
EVTC
EVH
AQUA
EXC
EXPR
STAY
EXTN
EXR
XOM
45.43
79.70
56.55
12.25
2.52
98.70
16.33
45.27
49.63
207.25
162.94
13.12
5.58
11.76
23.71
59.75
39.90
9.19
0.97
56.53
12.02
31.65
28.35
155.09
119.54
2.47
2.46
8.06
FB Financial
FBL Financial
FCB Financial
FGL Holdings
FGL Wt
FMC
FNB
FTI Consulting
Fabrinet
FactSet
FairIsaac
FairmountSantrol
FangHoldings
FarmlandPtrs
FBK
FFG
FCB
FG
FG.WS
FMC
FNB
FCN
FN
FDS
FICO
FMSA
SFUN
FPI
...
10.9
12.7
3.1
3.1
...
1.4
...
...
2.6
2.2
1.4
...
8.0
...
9.2
5.3
.4
1.9
...
5.6
.9
2.0
6.9
...
2.2
6.5
11.3
.9
1.0
...
5.4
8.8
3.8
...
.9
3.2
4.6
5.4
5.9
2.7
...
...
8.6
...
1.3
...
2.3
3.3
...
...
...
...
3.1
1.2
...
2.7
1.3
1.6
2.3
...
3.1
...
...
...
3.4
...
4.1
...
3.8
3.5
dd
17
11
26
28
11
dd
dd
26
34
49
14
29
19
dd
25
27
18
19
cc
12
31
12
14
dd
16
22
10
3
20
35
cc
dd
17
18
4
44
dd
...
23
4
dd
dd
cc
dd
28
68
40
53
dd
dd
cc
16
28
35
19
25
42
23
35
dd
20
16
dd
...
17
45
53
dd
31
29
7.74
15.01
11.67
27.20
29.67
25.35
20.20
9.71
47.54
73.91
19.00
43.20
53.06
15.96
14.27
15.21
39.74
13.98
51.46
2.63
3.50
11.28
6.01
27.71
57.95
51.62
18.03
20.01
10.88
72.13
28.97
18.75
17.69
20.95
16.55
92.96
11.35
78.22
25.49
28.88
7.35
53.90
35.72
28.55
7.63
122.85
29.82
83.86
60.42
2.44
11.59
10.35
48.08
227.10
128.53
75.40
28.65
8.95
97.45
224.20
7.94
61.35
14.10
15.05
24.60
38.39
7.26
20.61
32.60
82.25
87.52
–0.56
+0.50
+0.11
–0.06
–0.33
–0.41
–0.47
+1.71
–1.54
+1.48
–0.88
–0.55
+2.16
+1.33
–0.18
+0.28
–1.00
+0.63
–1.01
+0.16
+0.20
...
+0.03
+0.20
–0.43
+0.03
+0.75
+1.27
+0.91
+1.19
+0.51
+0.55
+0.81
+0.05
–0.80
+0.41
+0.20
–1.70
+0.09
+1.15
+0.15
+1.85
+0.72
+0.70
–0.73
+0.02
+0.04
–3.28
–2.27
...
+0.17
+0.45
+3.25
–12.27
–1.46
+0.25
+0.10
–0.35
+5.80
+1.85
+0.32
–0.47
–0.25
+2.10
+0.55
+0.20
–1.89
+1.26
–0.25
–1.65
+0.77
–4.34
–.48
1.31
.81
.90
.93
44.79
–2.92
1.13
2.35
.38
3.24
–1.78
.69
–1.40
–1.08
1.47
–1.07
2.59
.03
.26
.57
.48
2.58
–1.77
3.22
.92
.98
1.32
3.64
–.29
–2.56
–1.99
.07
1.03
–1.86
.91
–3.26
...
1.20
.22
–1.30
–.47
.91
–.05
4.04
1.62
1.92
11.68
.43
–.39
.06
2.41
6.27
3.35
3.91
1.29
1.17
2.43
23.68
–3.78
2.96
1.01
–3.55
.02
1.22
.73
.35
–6.59
2.91
1.88
.26
1.08
1.84
1.14
1.14
1.75
1.05
–.13
1.66
2.93
...
2.53
1.48
.88
.74
.76
1.50
.44
2.72
.07
...
.51
.50
2.08
.52
3.08
1.09
.64
.84
4.57
2.18
.22
...
1.20
1.28
23.86
.75
6.90
...
1.30
1.80
1.30
2.73
.88
–.02
5.92
...
2.19
1.66
...
–.90
.16
3.08
5.99
4.17
3.98
1.68
–.07
5.16
1.18
–.48
3.13
1.46
–.36
.66
2.65
.35
.95
.15
2.85
3.66
1.06
1.35
1.63
1.26
1.26
1.05
1.11
1.65
2.13
3.27
...
2.41
5.22
.95
.71
.85
1.80
.60
3.33
.16
...
.68
.48
2.17
2.05
3.30
1.69
.96
.82
5.07
2.15
.74
.24
1.24
1.88
3.57
1.09
5.04
...
1.50
.21
1.73
3.27
1.31
.04
5.90
...
2.44
1.36
...
–.25
.60
3.80
4.60
4.64
4.80
1.96
–.05
6.28
20.52
–.01
3.32
1.41
–.07
.79
2.93
.50
1.06
.72
2.88
4.32
...
.41
.37
.2122
.2334
.1079
.07
...
...
.485
.105
.15
...
.318
...
.35
.5278
.015
.25
...
.0164
.05
.0609
.9591
...
.29
.295
.565
.0078
.175
...
.255
.39
.10
...
.22
.09
.89
.3438
.4225
.05
...
...
.615
...
.39
...
.4875
.5038
...
...
...
...
1.75
.38
...
.31
.06
.40
1.30
...
.475
.10
...
...
.3275
...
.21
...
.78
.77
30
16
19
dd
...
cc
19
35
12
30
40
cc
dd
cc
44.68
74.00
55.75
9.72
1.48
97.88
14.49
43.65
29.05
197.75
159.56
6.05
5.25
8.67
+0.58
+2.45
+3.10
–0.26
+0.01
–0.20
+0.51
–0.65
–0.32
+0.82
+2.64
+0.27
+0.44
+0.04
2.10
4.28
2.31
–.02
...
1.56
.78
2.05
2.63
6.51
3.98
–.78
...
.09
2.04
4.35
2.84
.77
...
2.66
.93
2.06
3.00
8.38
4.05
.29
.05
.01
2.85
4.35
3.54
.92
...
5.32
1.12
2.25
3.51
9.17
4.88
.56
.22
.07
...
.44
...
...
...
.165
.12
...
...
.56
.02
...
...
.1275
F
...
2.4
...
...
...
.7
3.3
...
...
1.1
.1
...
...
5.9
M18
BARRON’S
January 15, 2018
New York Stock Exchange Composite List
For personal Do not edit or alter. Reproductions not permitted.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or
52-Week
High Low Name
- Earnings Tick
- Week’s - Last This Next Div
Sym Yld P/E Last Chg. Year Year Year Amt
77.63
81.12
143.79
23.64
36.67
271.90
121.14
8.83
25.50
23.80
17.21
41.54
97.99
85.04
1.74
61.29
7.02
15.67
19.23
20.86
32.91
10.92
105.52
70.90
35.22
7.62
14.90
5.61
16.74
39.50
203.85
49.86
14.51
21.00
52.10
58.37
14.65
103.82
77.86
13.29
7.64
26.30
23.00
38.24
75.69
20.13
6.92
71.73
26.25
17.91
26.96
10.73
86.06
13.00
31.10
44.30
47.65
20.07
55.30
62.80
7.32
58.74
16.39
50.60
53.78
119.37
13.07
24.93
182.89
59.52
3.80
13.55
9.42
7.98
24.27
75.52
27.58
0.80
36.62
4.48
12.05
14.67
15.84
25.31
5.92
84.56
39.80
27.93
4.90
8.12
3.15
12.00
25.06
121.52
29.37
4.14
16.80
37.51
37.04
11.91
74.01
28.42
10.47
3.53
21.09
12.30
30.94
53.59
13.83
4.03
53.68
10.05
11.03
20.53
7.48
60.10
5.79
15.20
30.30
39.38
11.05
40.02
43.02
4.47
46.93
12.68
FedAgriMtg A
FedAgriMtg C
FederalRealty
FederalSignal
FederatedInvest
FedEx
Ferrari
Ferrellgas
Ferro
FiatChrysler
FibriaCelulose
FidNatlFin
FidNatlInfo
58.com
FirstAcceptance
FirstAmerFin
FirstBanCorp
FirstCmwlthFin
FirstData
FirstHorizonNatl
FirstIndRlty
FirstMajestic
FirstRepBank
FirstCash
FirstEnergy
Fitbit
500.com
FiveOaksInvt
FivePoint
Flagstar
FleetCorTech
Floor&Decor
FlotekIndustries
FlowersFoods
Flowserve
Fluor
FlyLeasing
FomentoEconMex
FootLocker
FordMotor
ForesightEnergy
ForestCIty A
Forestar
Fortis g
Fortive
FortressTransport
FortunaSilver
FortBrandsHome
ForumEnergyTech
FdnBuilding
FourCornersProp
FourSeasonsEduc
Franco-Nevada
Frank'sIntl
FranklinCovey
FranklinFin
FranklinRscs
FreeportMcM
FreseniusMed
FreshDelMonte
Frontline
FullerHB
FutureFuel
AGM.A
AGM
FRT
FSS
FII
FDX
RACE
FGP
FOE
FCAU
FBR
FNF
FIS
WUBA
FAC
FAF
FBP
FCF
FDC
FHN
FR
AG
FRC
FCFS
FE
FIT
WBAI
OAKS
FPH
FBC
FLT
FND
FTK
FLO
FLS
FLR
FLY
FMX
FL
F
FELP
FCE.A
FOR
FTS
FTV
FTAI
FSM
FBHS
FET
FBM
FCPT
FEDU
FNV
FI
FC
FSB
BEN
FCX
FMS
FDP
FRO
FUL
FF
1.9
1.8
3.3
1.4
2.8
.7
...
9.9
...
...
...
2.6
1.2
...
...
2.6
...
2.1
...
1.7
2.8
...
.7
1.1
4.8
...
...
12.0
...
...
...
...
...
3.6
1.7
1.5
...
1.4
2.6
4.5
5.7
2.4
...
3.8
.4
7.1
...
1.1
...
...
4.6
...
1.2
3.8
...
...
2.1
...
1.0
1.2
11.9
1.1
1.7
13.26
32.60
66.89
34.55
34.32
25.91
39.98
11.79
9.96
31.25
47.75
23.01
67.32
26.68
12.38
35.24
35.41
130.55
22.55
25.55
11.00
14.99
6.94
53.78
30.18
214.81
31.45
63.73
46.76
28.76
65.70
84.40
37.88
4.53
8.31
33.75
103.39
4.23
11.14
4.79
29.89
10.10
32.83
25.59
52.49
44.54
39.85
10.25
25.25
21.95
106.52
1.94
47.74
46.51
51.70
4.70
17.87
25.60
5.56
27.55
55.82
25.35
22.58
18.83
27.21
3.13
3.24
22.30
22.95
5.92
52.14
15.85
7.36
21.02
19.91
95.40
12.75
20.20
9.01
8.18
4.17
33.77
14.95
172.43
17.25
49.65
31.92
14.90
20.90
61.44
20.43
0.60
4.18
23.34
79.86
3.01
4.60
2.60
22.91
9.94
23.55
16.53
23.08
34.52
28.10
7.85
19.29
15.80
75.88
0.97
32.11
25.67
34.42
2.86
11.64
21.00
GAIN Capital
GAMCO Investors
GATX
GCPAppliedTechs
GEO Group
GGP
GMS
GNC Holdings
GOL Linhas
GP Strategies
GTT Comm
Gafisa
Gallagher
GameStop
Gannett
Gap
GardnerDenver
Gartner
GasLog
GasLogPartners
Gazit-Globe
GencoShipping
Gener8Maritime
Generac
GeneralCable
GeneralDynamics
GeneralElec
GeneralMills
GeneralMotors
GeneralMotorsWt19
Genesco
Genesee&Wyoming
GenesisEnergy
GenesisHealthcare
GenieEnergy
Genpact
GenuineParts
GenworthFin
GeoPark
Gerdau
GettyRealty
GigCapital
Gildan
Glatfelter
Glaukos
GSK
GlobalBrass
GlobalMedREIT
GlobalNetLease
GlobalPtnrs
GlobalPayments
GlobalShipLease
Globant
GlobusMedical
GoDaddy
GoldFields
Goldcorp
GoldmanSachsBDC
GCAP
GBL
GATX
GCP
GEO
GGP
GMS
GNC
GOL
GPX
GTT
GFA
AJG
GME
GCI
GPS
GDI
IT
GLOG
GLOP
GZT
GNK
GNRT
GNRC
BGC
GD
GE
GIS
GM
GM.WS.B
GCO
GWR
GEL
GEN
GNE
G
GPC
GNW
GPRK
GGB
GTY
GIG.U
GIL
GLT
GKOS
GSK
BRSS
GMRE
GNL
GLP
GPN
GSL
GLOB
GMED
GDDY
GFI
GG
GSBD
2.9
.3
2.5
...
8.3
3.8
...
...
...
...
...
...
2.4
8.6
5.4
2.7
...
...
2.6
8.3
3.6
...
...
...
2.4
1.6
2.6
3.4
3.4
...
...
...
8.0
...
6.5
.7
2.6
...
...
.8
5.0
...
1.1
2.2
...
5.5
.7
9.8
11.0
10.3
.0
...
...
...
...
1.4
.6
8.1
10
11
39
27
16
25
39
dd
cc
11
38
18
60
96
dd
23
18
20
23
18
28
cc
21
30
dd
dd
dd
8
...
17
35
66
dd
47
54
40
dd
13
12
12
dd
71
8
18
28
dd
23
25
dd
dd
17
68
99
dd
dd
15
15
28
25
18
cc
26
23
77.50
81.00
122.81
19.94
35.14
271.85
117.84
4.06
23.91
23.39
15.69
40.76
97.61
81.98
1.13
59.43
5.40
15.09
17.66
20.58
29.81
6.79
91.06
70.45
30.07
5.64
12.57
3.32
14.83
38.75
203.27
48.14
5.93
18.69
44.00
57.07
13.36
95.33
47.45
13.23
4.22
23.52
21.45
34.93
74.47
18.55
5.27
70.62
17.35
15.95
24.10
9.95
78.19
7.97
30.45
36.40
44.53
19.75
54.53
48.77
5.06
53.59
14.17
+5.28
+4.20
–5.55
–0.03
–0.76
+5.93
+5.71
–0.53
–0.43
+1.62
+1.09
–0.05
+2.12
+2.41
–0.02
+0.66
+0.27
+0.60
+0.26
+0.31
–0.74
–0.17
+2.92
+1.85
–0.04
–0.26
+0.88
–0.63
+0.61
+1.32
+6.27
+2.03
+0.65
–0.33
+0.60
+3.66
+0.43
–0.62
+0.49
+0.03
+0.01
–0.44
–0.90
–1.36
+1.07
–1.45
+0.18
–1.00
+0.75
–0.12
–1.16
–0.05
–0.51
+0.51
+5.65
+1.15
+0.96
–0.15
+0.23
+0.57
+0.02
–1.27
+0.22
5.97
5.97
3.50
.71
2.03
11.07
...
–.55
–.25
1.32
.87
2.34
1.72
...
–.71
3.09
.43
.67
.46
.94
1.05
.05
3.93
1.72
–14.49
–.47
...
–.79
–.04
2.66
4.75
.45
–.88
.78
1.01
2.00
–.88
3.17
4.91
1.15
–1.37
–.61
1.38
1.43
2.51
–.26
.13
2.62
–.90
–.95
2.63
...
.70
–.77
–.52
2.42
3.01
–3.16
2.03
4.33
.75
2.42
1.29
5.98
5.98
4.03
.81
2.14
13.36
3.28
.07
1.29
2.65
.98
2.48
4.41
1.03
...
2.73
.21
.68
1.52
.93
1.02
...
4.47
2.62
3.03
–.25
...
.50
–.44
2.43
8.45
.67
–.12
.86
1.37
1.56
.36
6.96
4.08
1.82
–1.13
.57
...
...
2.85
.17
.31
3.08
–.37
.23
1.11
.20
1.07
–.44
–.23
2.48
3.08
1.12
2.35
2.88
–.08
2.59
...
7.35
7.35
3.13
1.04
2.50
16.68
3.53
.18
1.51
3.18
1.48
2.68
4.87
2.05
...
4.17
.36
.97
1.53
1.39
.67
.14
5.05
3.23
2.54
–.11
...
.46
–.08
3.27
9.86
.97
.20
.93
1.83
2.37
1.89
3.93
4.23
1.59
–.12
.53
...
...
3.24
.86
.33
3.50
.16
.45
1.06
.45
1.13
–.29
.23
3.11
3.28
1.76
2.58
3.57
–.13
3.09
...
.36
.36
1.00
.07
.25
.50
.6794
.10
...
...
.2101
.27
.29
...
...
.38
...
.08
...
.09
.21
...
.17
.20
.36
...
...
.0333
...
...
...
...
...
.17
.19
.21
...
.6743
.31
.15
.0605
.14
...
.3353
.07
.33
...
.20
...
...
.275
...
.23
.075
...
...
.23
...
.5303
.15
.15
.15
.06
28
9
14
dd
18
33
29
dd
dd
21
dd
dd
26
5
31
16
dd
dd
62
11
4
dd
dd
26
dd
21
23
21
10
...
dd
39
36
dd
dd
24
23
5
dd
dd
22
...
19
cc
dd
31
14
dd
39
dd
57
dd
58
40
dd
34
24
20
8.40
29.94
66.48
34.00
22.70
23.19
38.40
3.72
9.16
26.45
43.60
10.49
63.88
17.76
11.84
33.87
34.56
130.13
21.60
24.85
10.85
14.26
6.32
49.27
29.60
210.59
18.76
57.85
44.07
26.21
35.30
83.13
25.36
.84
4.60
33.12
103.28
3.23
10.70
4.66
25.54
10.05
32.57
23.20
28.33
37.50
33.60
8.16
19.32
17.95
103.26
1.18
47.28
43.66
51.43
4.37
14.35
22.13
–1.32
+0.27
+3.36
+0.40
–0.68
–0.56
–0.07
+0.15
–0.59
+1.20
+0.85
–1.21
+0.37
–0.92
+0.41
+1.32
+0.01
+0.79
–0.40
–0.05
–0.01
+0.39
–0.28
–1.14
...
+5.89
+0.22
–2.07
+0.06
+0.03
+2.60
+1.49
+1.54
+0.03
+0.07
–0.10
+5.78
+0.02
+0.70
+0.52
–0.88
...
+0.08
+1.32
+2.08
–0.01
+0.90
–0.31
–0.68
+0.35
–0.30
+0.01
+1.86
–0.46
+0.38
+0.06
+0.93
+0.17
.67
3.92
6.29
1.02
1.33
1.34
1.19
–4.12
1.43
1.21
.14
–308.06
2.32
3.40
.44
1.69
–.19
2.31
–.39
2.18
4.03
–30.03
.81
1.50
–1.89
9.52
.89
2.77
6.00
...
4.83
2.42
1.00
–.82
–1.14
1.28
4.59
–.56
–.82
–.50
1.12
...
1.47
.49
.12
.51
1.49
–.68
.81
–5.91
.81
–1.42
1.01
1.08
–.21
.20
.19
1.12
–.09
...
4.73
.63
1.35
.71
2.01
1.31
.18
1.00
–.74
–9.56
2.99
3.31
.89
2.10
1.30
3.45
.11
2.18
2.63
–1.32
–.24
3.22
.85
9.80
1.07
3.11
6.29
...
3.07
2.90
.93
–2.72
...
1.60
4.57
.97
.01
.17
1.22
...
1.71
1.15
.06
2.93
2.63
–.16
...
1.30
4.00
...
...
1.27
.30
.19
.45
2.07
.75
...
4.38
.89
1.51
.70
2.44
1.13
.29
1.44
.20
–2.01
3.41
3.30
.85
2.25
1.63
4.02
.58
2.21
2.79
–.11
–.22
3.47
1.00
10.78
1.04
3.27
5.91
...
3.28
3.71
1.59
–1.34
...
1.77
5.60
.98
.96
.21
1.16
...
1.90
1.46
.04
2.87
2.72
.06
...
.61
4.75
...
...
1.40
.40
.16
.52
1.96
.06
.02
.42
...
.47
.22
...
...
...
...
...
...
.39
.38
.16
.23
...
...
.14
.5175
.0992
...
...
...
.18
.84
.12
.49
.38
...
...
...
.51
...
.075
.06
.675
...
...
.0092
.32
...
.0935
.13
...
.5142
.06
.20
.1775
.4625
.01
...
...
...
...
.0309
.02
.45
G
52-Week
High Low Name
- Earnings Tick
- Week’s - Last This Next Div
Sym Yld P/E Last Chg. Year Year Year Amt
262.14
33.50
77.37
47.44
24.34
615.85
262.71
31.26
5.65
67.90
19.30
41.75
16.73
17.50
14.50
15.40
34.72
45.62
65.88
54.45
32.45
65.60
74.35
26.40
84.47
74.81
119.87
229.45
9.38
10.82
31.88
27.37
37.43
18.30
83.52
209.62
23.55
65.84
28.39
17.97
502.25
155.00
25.21
2.16
45.14
17.02
32.59
12.00
9.95
9.95
12.72
26.72
33.27
24.99
40.45
13.80
50.94
54.70
17.65
51.62
32.43
72.52
131.72
7.42
6.89
13.30
17.24
24.43
9.56
51.00
GoldmanSachs
Gorman-Rupp
GraceWR
Graco
Graham
GrahamHoldings
Grainger
GramercyProperty
GranayMontero
GraniteConstr
GranitePointMtg
GraniteREIT g
GraphicPkg
GrayTelevision
GrayTelevision A
GreatAjax
GreatPlainsEner
GreatWesternBncp
GreenDot
Greenbrier
Greenhill
Greif A
Greif B
Griffon
Group1Auto
GrubHub
GpoAeroportuar
GpoAeroportSur
GpoAvalAcc
GpFinSantMex
GpoSupervielle
GrupoTelevisa
GuangshenRail
Guess
Guidewire
GS
GRC
GRA
GGG
GHM
GHC
GWW
GPT
GRAM
GVA
GPMT
GRP.U
GPK
GTN
GTN.A
AJX
GXP
GWB
GDOT
GBX
GHL
GEF
GEF.B
GFF
GPI
GRUB
PAC
ASR
AVAL
BSMX
SUPV
TV
GSH
GES
GWRE
91.03
50.93
33.67
7.27
102.77
50.26
52.81
22.97
20.17
54.88
64.99
10.30
3.50
58.78
50.99
41.00
25.73
25.28
111.07
63.40
2.99
147.33
22.00
1.65
58.61
53.33
27.23
27.10
38.72
36.25
33.00
6.78
101.40
83.80
8.89
81.20
79.64
65.93
15.68
18.70
21.67
116.49
27.27
60.13
26.78
15.87
65.01
23.30
53.34
5.70
88.91
46.50
29.54
43.19
84.71
20.65
38.09
52.65
199.42
36.52
159.49
47.65
22.37
38.00
8.52
53.32
20.82
50.71
3.41
133.08
31.85
141.67
93.53
9.95
1.04
36.75
2.35
271.99
253.44
35.00
79.20
93.90
71.18
27.11
23.61
4.30
63.37
25.79
31.16
14.41
14.22
39.63
36.44
3.69
0.30
38.18
35.24
24.56
18.90
18.02
79.23
44.52
1.56
99.13
11.40
0.73
46.35
40.43
21.05
21.20
31.71
29.67
27.09
3.43
60.00
51.28
4.82
42.16
50.03
33.27
11.64
8.85
17.15
101.61
8.52
37.25
18.32
12.70
49.20
7.25
47.63
3.70
57.18
34.65
21.47
24.90
55.48
16.90
30.11
23.46
134.60
27.05
116.98
33.85
11.80
29.75
1.51
27.97
17.26
29.51
1.66
104.63
24.40
109.32
49.40
4.60
0.07
31.53
1.30
186.25
183.42
19.52
50.21
53.50
HCA Healthcare
HCI Group
HCP
HC2 Holdings
HDFC Bank
HFF
HNI
HP
HRG Group
HSBC
Haemonetic
HalconRscs
HalconRscsWt
Halliburton
HalyardHealth
HamiltonBeach
Hanesbrands
HannonArmstrong
HanoverIns
HarleyDavidson
HarmonyGold
Harris
Harsco
HarteHanks
HartfordFinl
HartfordFinSvcsWt
HavertyFurn
HavertyFurn A
HawaiianElec
HealthcareRealty
HealthcareAmer
HeclaMining
Heico
Heico A
HelixEnergy
Helm&Payne
Herbalife
HercHoldings
HerculesCapital
HeritageInsurance
HershaHospitality
Hershey
HertzGlobal
Hess
HessMidstream
HewlettPackard
Hexcel
Hi-Crush
HighwoodsProp
HillIntl
Hill-Rom
Hillenbrand
Hilltop
HiltonGrandVac
Hilton
HoeghLNG Ptrs
HollyEnergy
HollyFrontier
HomeDepot
HondaMotor
Honeywell
HoraceMannEdu
HorizonGlobal
HormelFoods
HornbeckOffshore
DR Horton
HostHotels
HoulihanLokey
Hovnanian
HowardHughes
HuanengPower
Hubbell
HubSpot
HudbayMinerals g
HudbayMineralsWt
HudsonPacProp
HugotonRoyalty
Humana
HuntingIngalls
Huntsman
HyattHotels
HysterYaleMatls
HCA
HCI
HCP
HCHC
HDB
HF
HNI
HPQ
HRG
HSBC
HAE
HK
HK.WS
HAL
HYH
HBB
HBI
HASI
THG
HOG
HMY
HRS
HSC
HHS
HIG
HIG.WS
HVT
HVT.A
HE
HR
HTA
HL
HEI
HEI.A
HLX
HP
HLF
HRI
HTGC
HRTG
HT
HSY
HTZ
HES
HESM
HPE
HXL
HCLP
HIW
HIL
HRC
HI
HTH
HGV
HLT
HMLP
HEP
HFC
HD
HMC
HON
HMN
HZN
HRL
HOS
DHI
HST
HLI
HOV
HHC
HNP
HUBB
HUBS
HBM
HBM.WS
HPP
HGT
HUM
HII
HUN
H
HY
1.2
1.5
1.1
1.1
1.6
.9
2.2
5.8
...
.8
8.7
5.4
1.8
...
...
8.7
3.6
1.9
...
1.8
1.1
2.7
3.6
1.3
1.2
...
2.9
...
4.5
4.5
...
.5
1.6
5.1
...
13
36
35
76
48
26
28
88
5
52
...
16
32
9
8
9
29
17
45
14
25
31
25
61
13
cc
22
24
14
11
19
49
37
dd
cc
257.03
32.30
73.56
46.92
22.53
577.05
235.67
26.07
3.14
67.15
17.52
39.29
16.60
16.85
14.20
13.79
30.33
42.98
61.61
51.45
18.80
61.65
68.25
20.80
82.47
70.61
102.12
188.31
8.93
7.69
31.66
19.08
36.38
17.52
77.35
+1.51
+0.79
+1.42
+0.71
+0.87
+10.90
–2.58
–0.58
+0.22
+2.94
–0.22
–0.09
+0.77
+0.75
+0.60
–0.08
–0.77
+2.22
–1.23
+0.85
–0.25
–0.01
–0.85
+0.30
+6.07
–2.36
–5.52
–3.68
–0.03
+0.01
+1.95
–0.23
+0.55
+1.04
+0.31
16.29
.95
1.33
.24
.52
29.80
9.87
.57
.02
1.42
.79
4.47
.71
.86
.86
1.65
1.61
2.45
.80
3.65
1.89
2.02
2.02
.35
6.67
.58
3.35
6.50
.70
.65
...
.34
...
.27
.28
18.23
1.22
3.39
1.46
.15
...
10.72
.50
.39
1.48
.93
2.80
.65
1.57
1.57
1.65
1.65
2.87
2.13
4.17
–.24
3.39
3.39
.60
7.52
1.14
4.21
8.15
.62
.70
1.68
.47
1.13
.61
.88
21.10
1.47
3.67
1.62
.83
...
11.39
.34
.32
3.23
1.67
3.81
.89
1.72
1.72
1.90
1.72
3.19
2.58
3.95
.89
3.72
3.72
.85
8.04
1.50
4.61
9.20
.71
.76
2.31
.64
1.63
.83
1.16
.75
.125
.21
.1325
.09
1.27
1.28
.375
...
.13
.38
.1771
.075
...
...
.30
.275
.20
...
.23
.05
.42
.62
.07
.25
...
1.4942
3.3116
.0334
.1741
.0012
.0939
.5868
.225
...
13
dd
16
dd
...
22
27
15
34
83
cc
2
...
cc
41
...
14
37
39
17
49
33
63
dd
42
...
17
18
21
28
cc
70
45
37
dd
dd
16
dd
14
cc
8
33
dd
dd
...
75
23
40
32
dd
44
23
17
23
cc
11
21
28
27
11
24
29
dd
22
dd
19
25
24
dd
87
29
27
dd
cc
...
80
13
21
19
16
48
23
88.80
34.52
23.64
6.45
102.43
48.78
39.75
22.92
18.24
54.83
64.12
8.54
.89
53.14
49.37
26.77
22.42
22.45
110.87
54.41
1.83
147.21
19.45
1.02
55.29
50.05
23.95
23.70
34.41
29.80
27.29
4.41
97.10
79.45
8.68
70.26
70.22
65.62
13.00
18.13
17.91
109.27
24.60
54.54
21.35
15.81
64.60
12.75
47.66
5.60
86.79
44.80
26.43
41.95
83.95
19.15
32.66
52.51
196.42
35.93
159.07
44.05
13.35
34.55
3.85
51.91
20.36
50.25
2.88
127.06
26.38
138.34
92.65
9.70
.33
32.87
1.50
268.02
247.43
34.56
78.93
87.74
+1.87
+0.19
–1.37
+0.27
+1.81
+0.38
+1.38
+1.17
+0.08
+2.66
+1.42
+0.69
+0.16
+1.32
+1.56
+1.33
+1.19
–0.32
+3.25
+3.44
–0.02
+3.47
+0.25
+0.10
+0.13
+0.13
+0.80
+0.85
–0.56
–1.18
–1.52
+0.36
+1.45
–0.80
+0.56
+3.56
–0.05
+2.71
+0.01
+0.16
+0.46
–3.69
+1.12
+2.38
+0.14
+0.76
+1.58
+1.35
–1.76
+0.10
–0.59
+0.40
+0.68
+0.91
+4.66
–0.20
–0.74
+1.26
+3.92
+0.31
+3.49
+0.55
–0.55
–1.80
+0.07
–0.58
+0.50
+4.55
–0.26
–0.78
–0.15
+2.41
+2.15
+0.35
–0.01
–0.59
+0.08
+3.69
+13.68
–0.27
+5.71
+1.83
7.30
2.92
1.34
–2.83
2.68
1.99
1.88
1.48
.53
.35
–.51
–5.51
...
–6.69
.85
1.91
1.40
.32
3.59
3.83
.06
4.44
–1.07
–2.13
2.27
...
1.30
1.30
2.29
.78
.33
.18
2.14
2.14
–.73
–1.20
3.02
–.70
.91
1.14
2.18
3.34
–5.85
–19.92
...
.21
2.65
–1.64
5.30
–.36
1.99
1.97
1.48
1.70
3.15
1.55
1.69
–1.48
6.45
3.16
6.20
2.02
–.66
1.57
–1.76
2.74
1.02
1.63
–2.25
4.73
...
5.24
–1.29
–.15
...
.25
.05
4.07
12.14
1.36
1.52
2.61
6.56
–1.27
1.22
–1.11
3.18
2.34
1.91
1.81
...
3.46
1.70
–.05
...
1.17
2.06
2.00
1.94
1.28
4.47
3.42
.22
6.09
.65
–.19
3.10
...
1.12
1.12
1.63
.57
.19
.07
2.46
2.46
–.15
–.38
4.54
–1.22
1.17
.77
1.94
4.81
–1.42
–4.45
.94
1.18
2.70
.97
1.39
–.01
4.32
2.25
1.43
1.93
1.91
1.23
1.61
2.42
7.39
3.23
7.09
1.65
1.08
1.67
–2.98
3.42
.77
2.27
–.04
.62
1.03
5.48
.20
.51
...
.40
...
11.63
11.90
2.67
1.69
4.15
7.38
3.83
.74
–.76
3.89
2.35
2.57
1.90
...
3.62
1.93
.18
...
2.17
2.13
2.15
2.08
1.40
7.95
3.77
.19
6.97
.77
...
4.32
...
1.45
1.45
1.83
.45
.33
.15
2.74
2.74
.16
.17
5.29
.64
1.30
2.45
–.15
5.26
–.17
–2.95
1.25
1.29
2.92
2.28
1.27
.31
4.84
2.45
2.11
2.18
2.45
1.58
1.80
3.27
8.72
3.47
7.82
2.36
1.36
1.78
–2.96
3.94
.68
2.66
.04
1.54
2.90
6.42
.44
.80
...
.45
...
12.62
12.78
2.56
1.54
4.68
...
.35
.37
...
.514
1.57
.285
.1393
...
.50
...
...
...
.18
...
.085
.15
.33
.54
.365
.0263
.57
...
...
.25
...
.15
.1425
.31
.30
.305
.0025
.0875
.0875
...
.70
...
...
.31
.06
.28
.656
...
.25
.3107
.075
.125
.15
.44
...
.18
.2075
.06
...
.15
.43
.645
.33
.89
...
.745
.275
...
.1875
...
.125
.05
.20
...
...
1.6762
.77
...
.008
...
.25
.0108
.40
.72
.125
...
.3025
H
...
4.1
6.3
...
.5
...
2.9
2.4
...
3.6
...
...
...
1.4
...
...
2.7
5.9
1.9
2.7
2.9
1.5
...
...
1.8
...
2.5
2.4
3.6
4.0
4.5
.2
.2
.2
...
4.0
...
...
9.5
1.3
6.3
2.4
...
1.8
5.8
1.9
.8
4.7
3.7
...
.8
1.9
.9
...
.7
9.0
7.9
2.5
1.8
...
1.9
2.5
...
2.2
...
1.0
3.9
1.6
...
...
6.4
2.2
...
.2
...
3.0
8.7
.6
1.2
1.4
...
1.4
I
9.99 6.82 ICICI Bank
IBN .8 23 9.98 +0.14 .48 .44 .57 .077
52-Week
High Low Name
- Earnings Tick
- Week’s - Last This Next Div
Sym Yld P/E Last Chg. Year Year Year Amt
100.04
20.43
20.33
37.88
24.20
110.67
32.97
55.34
7.25
137.41
171.52
34.60
7.25
30.00
10.63
67.61
17.37
23.22
96.23
80.18
142.64
36.88
51.78
61.48
79.40
36.60
55.20
7.47
75.01
65.69
182.79
157.22
29.36
62.44
23.43
25.71
60.50
5.12
26.99
17.95
18.86
23.96
7.14
11.88
24.30
41.53
4.95
12.68
14.89
14.59
78.05
10.11
13.63
28.75
3.20
74.80
19.12
36.93
3.36
88.29
122.25
17.58
2.72
16.55
8.57
45.32
13.42
16.00
76.31
51.01
113.07
15.45
33.00
34.60
40.00
20.50
29.40
2.63
56.17
47.19
139.13
114.81
17.25
49.60
15.82
18.30
36.94
1.24
10.26
9.90
14.15
17.63
5.49
7.50
19.80
32.53
3.85
10.95
10.28
10.02
IDACORP
IDT
ING Groep
Invesco
IONGeophysical
IQVIA
IRSA
ITT
IamGold
IDEX
IllinoisToolWks
Imax
IndependenceContr
Independence
IndepRealty
IndustrsBachoco
Infosys
InfraREIT
Ingersoll-Rand
Ingevity
Ingredion
InnovativeIndProp
Inphi
Insperity
InstalledBldg
Instructure
IntegerHoldings
Intelsat
ICE
InterContinentl
IBM
IntlFlavors
IntlGameTech
IntlPaper
IntlSeaways
Interpublic
InterXion
IntrepidPotash
Intrexon
Invacare
InvescoMtg
InvestmentTech
InvRlEst
Invitae
InvitatHomes
IronMountain
IsraelChemicals
iStar
ItauCorpBanca
ItauUnibanco
IDA
IDT
ING
IVZ
IO
IQV
IRS
ITT
IAG
IEX
ITW
IMAX
ICD
IHC
IRT
IBA
INFY
HIFR
IR
NGVT
INGR
IIPR
IPHI
NSP
IBP
INST
ITGR
I
ICE
IHG
IBM
IFF
IGT
IP
INSW
IPG
INXN
IPI
XON
IVC
IVR
ITG
IRET
NVTA
INVH
IRM
ICL
STAR
ITCB
ITUB
2.8
7.0
2.8
3.1
...
...
9.5
.9
...
1.1
1.8
...
...
.7
7.6
1.4
2.4
5.6
2.0
...
1.8
3.3
...
2.0
...
...
...
...
1.1
...
3.7
1.8
2.9
3.1
...
3.3
...
...
...
.3
9.5
1.3
5.0
...
1.4
6.5
...
...
.0
.4
12.30
37.75
42.27
14.40
7.70
112.85
72.43
31.70
69.86
16.55
17.95
40.74
24.89
8.43
30.50
120.55
146.42
44.70
4.74
155.89
4.73
30.96
29.00
6.35
9.00
30.01
24.95
4.74
5.20
81.64
40.53
22.88
49.31
10.96
13.55
30.24
18.09
4.75
13.70
80.70
110.76
34.51
0.73
97.60
2.00
23.87
7.36
4.00
J Alexander's
JBG SMITH Prop
JELD-WEN
J.Jill
JMP
JPMorganChase
JPMorganWt
Jabil
JacobsEngg
JaggedPeakEner
JamesHardie
JanusHenderson
JerniganCapital
JianpuTech
JinkoSolar
JohnBeanTech
J&J
JohnsonControls
JonesEnergy
JonesLang
JumeiIntl
JuniperNetworks
JupaiHoldings
JustEnergy g
JAX
JBGS
JELD
JILL
JMP
JPM
JPM.WS
JBL
JEC
JAG
JHX
JHG
JCAP
JT
JKS
JBT
JNJ
JCI
JONE
JLL
JMEI
JNPR
JP
JE
...
2.7
...
...
6.6
2.0
...
1.2
.9
...
1.2
3.2
7.6
...
...
.4
2.3
2.6
...
.5
...
1.4
...
9.5
53.34
63.96
38.80
21.25
23.32
23.99
68.13
18.82
21.18
114.00
5.06
60.60
114.85
26.47
20.46
22.93
76.69
27.35
71.52
52.35
22.65
30.35
37.42
21.47
45.78
78.33
20.89
136.21
25.70
23.01
11.90
6.50
4.91
75.10
16.76
24.38
45.60
27.48
24.42
19.90
65.06
42.35
51.80
21.59
40.27
37.10
15.88
13.36
16.77
19.57
36.29
13.75
15.07
56.15
2.05
45.50
81.54
19.59
14.10
12.42
58.76
6.64
36.35
32.23
17.15
9.96
8.20
16.28
35.05
67.00
15.06
109.67
16.68
16.68
5.50
4.80
3.15
59.25
5.99
17.60
26.68
16.57
19.15
14.11
35.16
28.71
33.90
16.51
KAR Auction
KB Fin
KB Home
KBR
KKR
KKR RealEstFin
KMG Chem
KT
K12
Kadant
Kadmon
Kaman
KSCitySouthern
KapStonePaper
KayneAnderson
Keane
Kellogg
Kemet
Kemper
Kennametal
KennedyWilson
KenonHoldings
KeyEnergySvcs
KeyCorp
KeysightTechs
KilroyRealty
KimbellRoyalty
KimberlyClark
KimcoRealty
KinderMorgan
Kindred
KingswayFin
KinrossGold
Kirby
KirklandLakeGold g
KiteRealty
Knight-Swift
Knoll
KnotOffshore
Knowles
Kohl's
KoninklijkePhil
Koppers
KoreaElcPwr
KAR
KB
KBH
KBR
KKR
KREF
KMG
KT
LRN
KAI
KDMN
KAMN
KSU
KS
KED
FRAC
K
KEM
KMPR
KMT
KW
KEN
KEG
KEY
KEYS
KRC
KRP
KMB
KIM
KMI
KND
KFS
KGC
KEX
KL
KRG
KNX
KNL
KNOP
KN
KSS
PHG
KOP
KEP
2.6
...
.3
1.6
2.9
7.5
.2
...
...
.9
...
1.3
1.3
1.5
8.8
...
3.3
...
1.4
1.5
4.3
...
...
2.0
...
2.4
7.6
3.4
6.7
2.6
5.2
...
...
...
.4
7.1
...
2.6
9.5
...
3.4
2.2
...
...
21
dd
...
17
dd
cc
6
24
6
35
26
cc
dd
14
dd
13
17
15
23
34
19
dd
dd
32
56
dd
77
1
27
31
14
29
dd
29
dd
15
92
dd
dd
dd
5
dd
dd
dd
...
46
6
dd
99
13
83.32
10.82
20.31
37.86
21.35
100.04
29.08
54.91
6.08
136.81
170.52
20.70
4.91
27.50
9.50
59.68
16.81
17.79
91.10
74.55
135.96
30.25
38.63
59.05
73.00
34.25
48.55
3.28
74.78
65.66
163.14
153.70
27.79
62.26
18.70
21.74
58.15
4.32
14.71
17.05
17.75
20.96
5.61
7.58
22.71
36.22
4.39
11.30
14.50
14.12
–4.37
–0.33
+1.20
+0.58
–1.60
+1.48
–2.94
+0.82
+0.10
+2.07
+4.49
–1.15
+0.84
+0.15
–0.58
+1.37
+0.46
–0.39
+1.39
+0.74
–4.37
+0.83
+0.03
+0.80
–2.25
+0.30
+2.70
–0.18
+1.93
+2.39
+0.65
–3.17
+0.02
+0.56
–0.14
+1.55
–0.38
–0.28
+1.56
...
+0.16
+1.06
+0.08
–2.47
–0.34
–0.58
+0.28
+0.05
+0.68
+0.07
3.94
.35
1.32
2.06
–5.71
.76
3.36
2.07
.13
3.53
5.70
.43
–.67
7.09
–.19
4.24
.94
1.14
5.70
.83
6.55
–4.56
2.25
1.55
1.23
–1.92
.19
8.36
2.37
2.03
12.38
5.05
1.05
2.18
–.62
1.49
.63
–.88
–1.58
–1.32
1.98
–.79
.26
–3.02
–.25
.42
–.38
.55
.01
1.04
4.09
...
1.57
2.66
–2.50
4.63
.12
2.52
.10
4.26
6.68
.62
–.53
...
.41
4.60
1.00
1.23
4.51
2.50
7.71
–.07
1.51
2.36
2.13
–1.20
2.64
–.89
2.94
2.40
13.80
5.78
1.27
3.51
.03
1.41
.72
–.15
–1.07
–1.85
1.67
.30
–.17
–2.47
–.15
1.16
1.00
2.41
.54
1.15
4.16
...
1.60
3.01
–1.00
5.32
.13
3.02
.08
4.69
7.31
.91
–.21
...
.29
5.07
1.07
1.14
5.16
3.05
8.30
1.37
2.02
2.73
2.68
–.81
3.35
–.57
3.57
2.75
13.88
6.34
1.42
4.45
.99
1.57
.88
.08
–.93
–.86
1.68
1.00
–.17
–1.71
.15
1.33
1.18
1.74
.92
1.20
.59
.19
.2825
.29
...
...
1.3825
.128
...
.37
.78
...
...
.10
.06
.43
.2005
.25
.45
...
.60
.25
...
2.00
...
...
...
...
.20
.33
1.50
.69
.20
.475
...
.18
...
...
...
.0125
.42
.07
.07
...
.08
.5875
...
...
.0027
.0045
29
...
cc
13
dd
16
...
49
29
dd
29
...
13
dd
15
42
25
23
dd
21
41
17
14
8
9.10
33.56
41.01
8.53
5.49
112.67
72.34
27.66
69.56
14.73
17.10
40.54
18.50
7.03
24.59
111.90
145.76
39.80
1.22
153.87
3.70
28.89
22.66
4.12
–0.50
–0.12
–0.66
+0.67
–0.04
+4.33
+4.23
+0.47
+1.42
–1.21
–0.82
+0.85
+0.02
+0.23
+0.36
+1.55
+4.05
+1.38
+0.03
–0.59
+0.08
+0.38
+1.90
–0.14
.47
.52
–.37
.55
.13
6.19
...
.69
2.42
–.05
.62
.13
2.42
...
8.72
2.27
5.93
1.71
–1.04
6.98
...
1.53
.97
2.30
.35
...
1.61
.74
.18
6.90
...
2.59
3.75
.28
.61
2.37
1.19
–.10
.93
3.07
7.28
2.79
–.25
8.29
...
2.10
...
.37
.45
...
2.25
.82
.42
8.34
...
2.93
4.38
.64
.73
2.78
2.66
–.12
2.03
3.68
7.87
3.11
–.92
9.13
...
2.13
...
.40
...
.225
...
...
.03
.56
...
.08
.15
...
.10
.32
.35
...
...
.10
.84
.26
...
.37
...
.10
.50
.0982
31
9
20
39
12
...
34
13
cc
29
dd
33
22
35
dd
dd
29
3
31
38
cc
dd
5
22
75
47
...
19
32
35
dd
dd
43
35
33
dd
47
17
10
cc
16
24
21
8
53.27
63.72
36.98
20.59
23.08
19.80
65.76
15.88
16.51
97.25
4.23
60.42
110.40
25.98
18.20
19.03
64.69
17.25
69.60
51.92
17.65
29.72
17.33
21.42
44.82
71.55
16.40
112.98
16.76
19.52
9.25
5.25
4.34
74.80
16.12
17.90
45.00
23.33
22.00
16.17
63.87
40.64
48.80
17.16
+1.74
+2.92
+3.58
+0.48
+1.16
–0.03
+1.56
...
+0.79
–0.45
+0.51
+1.88
+1.21
+1.26
+0.38
+0.51
–4.25
+0.68
+2.25
+1.68
–0.30
+6.37
+2.54
+1.09
+0.90
–0.62
+0.14
–5.19
–0.94
+0.57
–0.55
+0.20
–0.11
+5.60
–0.40
–0.99
+0.12
+0.12
+0.20
+0.49
+9.51
+0.90
–1.75
–0.39
1.60
4.82
1.85
–.43
.59
1.61
1.92
1.25
.01
2.88
–9.74
2.10
4.43
.88
2.18
–1.81
1.96
.87
.33
.61
.01
–7.67
–7.06
.80
.56
2.97
–10.28
5.99
.79
.25
–7.65
.02
–.08
2.62
.35
.01
1.16
1.68
2.29
–.47
3.11
1.74
1.39
4.74
2.37
7.47
2.35
1.44
2.42
1.34
3.14
1.35
.51
4.39
–1.54
2.37
5.22
1.17
...
.08
4.03
1.52
1.77
2.55
.16
...
–6.27
1.36
2.77
1.15
.14
6.21
.68
.64
.29
...
.15
2.03
...
...
1.14
1.42
2.20
.88
4.00
1.72
3.75
2.42
2.65
7.41
2.85
1.36
2.47
1.70
3.69
1.50
.56
4.84
–1.74
2.74
6.23
1.66
...
1.16
4.28
1.63
3.40
2.91
–.41
...
–3.11
1.66
3.08
1.32
.42
6.59
.59
.71
.71
...
.13
2.65
...
...
1.98
1.73
2.39
1.04
4.23
2.00
3.86
2.96
.35
...
.025
.08
.17
.37
.03
...
...
.21
...
.20
.36
.10
.40
...
.54
...
.24
.20
.19
...
...
.105
...
.425
.31
.97
.28
.125
.12
...
...
...
.0156
.3175
.06
.15
.52
...
.55
.8976
...
...
J
K
52-Week
High Low Name
- Earnings Tick
- Week’s - Last This Next Div
Sym Yld P/E Last Chg. Year Year Year Amt
44.08
8.62
53.39
34.99
29.49
71.92
27.47
5.53
25.09
19.69
12.11
49.53
KornFerry
KFY .9 21 42.16 +0.54
KosmosEnergy KOS ... dd 6.98 +0.05
Kraton
KRA ... 68 51.59 –1.13
Kroger
KR 1.8 17 28.14 +0.82
KronosWorldwide KRO 2.1 10 27.96 +0.99
Kyocera
KYO ... 22 68.81 –0.43
16.17
63.10
132.73
17.05
47.40
11.71
28.96
52.85
209.98
18.59
34.25
172.38
15.23
58.70
30.35
15.15
72.20
31.87
58.39
10.15
192.13
3.20
9.74
10.05
0.75
43.76
54.97
67.51
4.16
6.79
70.40
56.71
214.70
28.30
11.42
...
45.40
91.75
3.52
89.09
84.75
82.24
96.22
34.75
33.10
124.96
46.99
3.96
336.35
52.81
25.28
29.44
102.28
4.33
41.33
16.21
67.85
63.20
118.00
8.95
35.00
86.25
11.91
30.90
5.55
13.72
40.29
145.54
11.76
23.15
128.00
12.83
35.81
14.90
9.46
51.35
27.44
40.37
6.25
132.01
1.75
9.55
9.90
0.40
30.81
43.17
47.81
1.28
3.29
42.71
34.41
147.68
22.23
9.00
...
37.21
69.00
1.61
74.00
61.45
57.47
73.34
24.27
22.50
80.88
27.17
3.15
248.00
45.01
20.80
18.69
70.76
2.36
15.00
10.85
40.15
45.45
78.01
LATAMAirlines
L Brands
LCI Inds
LG Display
LINE
LSB Inds
LSC Comm
LTC Properties
L3 Tech
LaQuinta
La-Z-Boy
LabCpAm
LadderCapital
LambWeston
Lannett
LaredoPetrol
LasVegasSands
LaSalleHotel
Lazard
Leaf
Lear
LeeEnterprises
LegacyAcqn
LegacyAcqnUn
LegacyAcqnWt
LeggMason
Leggett&Platt
Leidos
LejuHoldings
LendingClub
Lennar A
Lennar B
LennoxIntl
LeucadiaNatl
LexingtonRealty
LibertyOilfield
LibertyProperty
LifeStorage
LightInTheBox
EliLilly
LincolnNational
LincolnNatlWt
Lindsay
LionsGate A
LionsGate B
LithiaMotors
LiveNationEnt
LloydsBanking
LockheedMartin
Loews
LomaNegra
LouisianaPacific
Lowe's
Luby's
LumberLiqu
Luxfer
Luxoft
Lydall
LyondellBasell
LTM
LB
LCII
LPL
LN
LXU
LKSD
LTC
LLL
LQ
LZB
LH
LADR
LW
LCI
LPI
LVS
LHO
LAZ
LFGR
LEA
LEE
LGC
LGC.U
LGC.WS
LM
LEG
LDOS
LEJU
LC
LEN
LEN.B
LII
LUK
LXP
LBRT
LPT
LSI
LITB
LLY
LNC
LNC.WS
LNN
LGF.A
LGF.B
LAD
LYV
LYG
LMT
L
LOMA
LPX
LOW
LUB
LL
LXFR
LXFT
LDL
LYB
179.49
11.65
35.05
29.74
8.90
11.35
15.64
31.83
35.18
37.31
39.43
22.26
86.36
136.93
105.70
25.30
10.97
9.80
70.96
29.70
83.48
34.37
231.44
81.77
59.71
13.40
41.79
55.32
22.15
42.12
7.64
131.99
21.82
18.96
71.50
32.72
34.90
17.50
17.12
23.65
1157.30
143.53
86.54
244.32
46.01
85.30
52.65
162.52
33.40
53.65
37.32
27.80
67.30
141.12
6.04
23.95
25.14
7.58
7.00
9.68
24.58
25.15
22.55
30.88
14.01
65.95
80.38
65.42
16.15
8.45
4.80
52.12
20.71
63.08
17.41
166.86
63.55
39.50
6.85
35.25
19.00
14.80
21.00
3.00
91.13
16.62
10.55
46.88
23.22
23.85
7.00
9.88
13.80
887.40
81.04
67.16
191.09
31.29
50.40
34.60
104.01
20.13
31.05
21.63
6.95
45.15
M&T Bank
MBIA
MDC Holdings
MDU Rscs
MFA Financial
MFC Bancorp
MGIC Investment
MGMGrowthProp
MGM Resorts
MI Homes
MPLX
MRC Global
MSA Safety
MSCI
MSC Industrial
MSG Networks
MVC Capital
MV Oil
Macerich
Mack-Cali
MacquarieInfr
Macy's
MadisonSquGarden
MagellanMid
MagnaIntl
MagnaChipSem
MainStreetCap
Mallinckrodt
ManchesterUnited
Manitowoc
Manning&Napier
Manpower
ManulifeFin g
MarathonOil
MarathonPetrol
Marcus&Millichap
Marcus
MarinSoftware
MarineProducts
MarineMax
Markel
MarriottVacations
Marsh&McLen
MartinMarietta
Masco
MasoniteIntl
MasTec
Mastercard
MatadorResources
Materion
Matson
MauiLand
MaxarTech g
MTB
MBI
MDC
MDU
MFA
MFCB
MTG
MGP
MGM
MHO
MPLX
MRC
MSA
MSCI
MSM
MSGN
MVC
MVO
MAC
CLI
MIC
M
MSG
MMP
MGA
MX
MAIN
MNK
MANU
MTW
MN
MAN
MFC
MRO
MPC
MMI
MCS
MRIN
MPX
HZO
MKL
VAC
MMC
MLM
MAS
DOOR
MTZ
MA
MTDR
MTRN
MATX
MLP
MAXR
1.47
–.74
3.43
2.05
.37
2.61
2.48
–.26
2.81
2.03
1.71
3.06
2.82 .10
–.06 ...
3.60 ...
2.05 .125
2.46 .15
3.33 ...
L
.4
4.8
1.7
...
...
...
6.9
5.6
1.4
...
1.5
...
9.3
1.3
...
...
4.1
6.3
2.8
...
1.1
...
...
...
...
2.6
3.0
1.9
...
...
.2
.3
1.0
1.4
7.7
...
3.9
4.8
...
2.6
1.6
...
1.3
...
...
.9
...
2.7
2.4
.5
...
...
1.6
...
...
...
...
...
3.1
63
15
23
4
88
dd
47
18
29
53
18
24
11
27
22
22
27
33
16
dd
12
5
...
...
...
17
20
33
dd
dd
20
17
30
18
34
...
17
42
dd
42
13
...
40
35
33
15
cc
21
27
18
...
14
24
dd
dd
23
34
21
13
16.11
49.67
126.40
13.78
44.61
9.76
14.39
40.39
209.46
18.47
32.10
171.64
13.59
58.28
24.75
11.07
71.02
28.64
57.71
9.35
189.14
2.45
9.60
9.91
.40
43.74
48.80
67.03
1.82
4.27
69.26
55.84
210.68
27.93
9.22
21.75
40.72
83.92
2.40
86.98
84.37
82.24
94.95
33.71
31.45
124.48
44.43
3.96
336.25
52.78
25.00
28.30
100.86
2.74
30.47
15.04
57.15
49.85
117.68
+1.43
–0.69
–2.95
–0.47
+1.66
+0.45
–0.13
–2.20
+7.88
+0.46
+0.70
+5.16
+0.04
+0.58
+0.70
+0.30
+3.10
+0.33
+1.84
+0.25
–2.25
...
–0.04
–0.03
...
+1.86
+0.90
+2.30
+0.24
+0.20
+1.68
+1.08
–2.80
+1.05
–0.34
...
–1.17
–2.50
–0.08
+0.41
+5.28
+6.24
+6.04
+1.77
+1.48
+5.67
+1.11
+0.18
+6.57
+2.16
+0.82
+0.33
+6.12
...
–1.43
–0.73
–1.40
–1.40
+3.31
.13
3.98
5.20
1.09
.32
2.54
3.23
2.21
9.01
–.01
1.73
7.02
1.06
2.22
–.02
–1.16
2.10
2.07
3.11
–.10
13.33
.50
...
...
...
2.18
2.76
2.35
–.07
–.38
3.38
3.38
6.32
.34
.37
–.91
2.43
1.96
–.14
2.58
5.03
...
2.17
.09
.09
7.72
–.23
.16
17.49
1.93
.29
1.03
3.47
–.79
–2.51
...
1.84
2.16
9.13
.36
3.10
5.73
2.54
.61
–2.71
2.13
2.21
8.62
.33
1.77
9.53
1.49
2.46
3.05
.53
2.88
1.59
3.56
...
16.93
...
...
...
...
2.98
2.48
3.71
–1.24
.01
5.06
5.06
7.89
1.59
.27
...
1.32
2.39
...
4.21
7.72
...
3.21
1.26
1.26
8.34
.15
.42
13.09
2.73
.64
2.24
4.51
...
–1.33
...
2.90
2.75
10.08
.66
3.37
6.78
1.25
.72
–.19
2.13
2.18
9.07
.41
2.03
10.50
1.52
2.87
2.80
.89
3.12
.76
3.97
...
18.30
...
...
...
...
3.56
2.77
4.04
–.35
.10
5.60
5.60
9.35
1.62
.28
...
1.41
3.16
...
4.65
8.44
...
3.81
.89
.89
9.69
.44
.39
13.80
3.30
1.06
2.13
5.44
...
.83
...
3.63
3.30
9.66
.0343
.60
.55
...
...
...
.25
.19
.75
...
.12
...
.315
.1913
...
...
.73
.45
.41
...
.50
...
...
...
...
.28
.36
.32
...
...
.0393
.0392
.51
.10
.1775
...
.40
1.00
...
.5625
.33
...
.30
...
...
.27
...
.0529
2.00
.0625
...
...
.41
...
...
...
...
...
.90
21
dd
12
22
11
dd
13
37
34
15
42
dd
37
41
23
10
27
12
73
90
31
12
dd
20
11
dd
14
9
56
dd
10
19
16
dd
22
20
20
dd
24
20
cc
23
22
34
27
23
18
38
17
41
16
16
31
178.52
7.47
34.12
26.08
7.80
7.23
15.12
28.54
35.03
36.94
38.78
18.98
80.05
135.89
94.75
21.60
10.78
9.06
62.97
20.74
64.99
26.89
212.99
74.62
59.64
11.25
38.78
23.50
19.90
39.36
3.80
129.75
21.81
18.82
71.42
31.02
27.30
10.75
13.53
19.60
1123.37
136.80
81.74
230.76
45.76
73.60
52.50
162.33
32.75
52.70
31.70
16.35
63.30
+5.70
–0.23
–0.28
–0.33
–0.01
+0.03
+0.79
–0.18
+1.14
+0.30
+1.98
+1.39
+1.48
+2.86
–2.70
+0.85
+0.19
–0.27
–1.84
–0.62
–0.68
+2.41
+0.12
+2.17
+0.10
+0.55
–0.60
+0.60
+0.30
+0.35
...
+0.68
+0.32
+0.93
+2.08
–1.00
+0.90
–0.40
–0.07
+1.00
+6.04
+2.52
–1.13
+3.43
+1.30
–0.40
+2.80
+3.29
+1.20
+1.65
+2.26
–0.10
–0.75
7.78
–2.54
1.85
.33
.80
–1.51
.86
.52
1.92
1.84
...
–1.10
2.42
2.70
4.08
2.21
.12
.40
3.52
1.30
1.85
1.99
–3.05
3.52
5.19
–.85
2.67
5.77
.30
–10.92
.62
6.27
1.07
–2.61
2.21
1.66
1.36
–3.01
.44
.95
31.27
4.83
3.38
6.63
1.47
3.25
1.61
3.69
–1.07
1.27
1.85
1.15
3.84
9.11
–2.11
2.83
1.19
.74
...
1.19
.74
1.11
2.81
1.16
.07
3.28
3.80
5.06
2.21
1.43
...
.95
.12
1.75
3.56
.55
3.89
5.96
.75
2.37
7.17
.12
–.15
.45
7.09
1.77
–.36
3.82
1.48
1.49
...
.57
1.17
3.92
5.38
3.81
6.83
1.95
3.47
2.81
4.56
.67
1.60
1.79
...
5.16
11.36
.22
2.76
1.29
.74
...
1.39
.92
1.50
4.07
1.68
.63
3.72
4.68
5.84
2.28
.53
...
.80
–.11
2.42
2.86
1.08
4.13
6.69
.88
2.41
7.03
.16
.57
.34
7.75
2.06
.01
4.68
1.63
1.58
...
.63
1.36
32.24
6.48
4.31
8.76
2.32
3.95
3.16
5.44
1.07
1.97
1.96
...
6.32
.75
...
.2315
.1975
.20
...
...
.42
.11
...
.5875
...
.35
.38
.58
...
.15
.22
.74
.20
1.42
.3775
...
.905
.275
...
.19
...
.09
...
.08
.93
.1606
.05
.40
...
.125
...
.05
...
...
.40
.375
.44
.105
...
...
.25
...
.10
.20
...
.2883
M
1.7
...
2.7
3.0
10.3
...
...
5.9
1.3
...
6.1
...
1.7
1.1
2.4
...
5.6
9.7
4.7
3.9
8.7
5.6
...
4.9
1.8
...
5.9
...
1.8
...
8.4
1.4
2.9
1.1
2.2
...
1.8
...
2.1
...
...
1.2
1.8
.8
.9
...
...
.6
...
.8
2.5
...
1.8
January 15, 2018
BARRON’S
M19
New York Stock Exchange Composite List
For personal Do not edit or alter. Reproductions not permitted.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or
- Earnings Tick
- Week’s - Last This Next Div
Sym Yld P/E Last Chg. Year Year Year Amt
72.71
32.47
106.50
106.58
8.33
175.78
4.43
169.29
6.70
13.06
14.22
74.78
8.05
10.35
72.13
89.72
66.80
64.52
72.25
55.50
27.96
19.85
28.85
48.44
55.91
51.30
694.48
65.25
36.21
110.95
16.60
22.54
19.57
29.00
83.85
24.05
7.98
13.17
3.95
11.59
16.75
23.95
50.40
286.85
86.39
108.00
102.14
18.45
122.80
157.56
91.29
90.00
55.14
9.90
34.36
97.18
33.70
43.96
14.02
29.00
35.00
86.85
22.65
18.85
51.74
20.38
90.25
90.60
5.56
119.82
1.82
133.82
4.00
10.06
11.90
40.00
5.09
5.50
40.56
73.59
53.63
51.58
50.63
33.40
13.34
10.04
11.25
36.05
44.17
36.35
408.97
32.38
27.86
90.88
11.05
10.87
15.09
22.80
62.55
17.00
5.94
5.59
3.37
7.77
8.45
10.10
33.10
200.74
42.56
79.84
76.25
13.68
106.97
96.70
60.29
63.00
40.06
9.65
19.23
76.92
20.50
27.72
10.84
19.40
22.21
61.01
13.20
9.92
Maximus
MaxLinear
McCormick
McCormickVtg
McDermottIntl
McDonalds
McEwenMining
McKesson
Mechel
MedEquitiesRlty
MedicalProp
Medifast
MedleyCapital
MedleyMgmt
Mednax
Medtronic
Merck
MercuryGeneral
Meredith
MeritageHomes
Meritor
MesaRoyalty
MesabiTrust
MethodeElec
MetLife
MetropolitanBk
MettlerToledo
MichaelKors
MicroFocus
MidAmApt
MidSouthBncp
MidstatesPetrol
Milacron
MillerIndustries
MineralsTechs
MistrasGroup
MitsubishiUFJ
MiXTelematics
MizuhoFin
MobileTeleSys
ModelN
ModineMfg
Moelis
MohawkInds
MolinaHealthcare
MolsonCoors A
MolsonCoors B
MonmouthRealEst
Monsanto
Moody's
Moog A
Moog B
MorganStanley
MosaicAcqnA
Mosaic
MotorolaSol
Movado
MuellerIndustries
MuellerWater
MuleSoft
MurphyOil
MurphyUSA
MyersIndustries
MyovantSciences
MMS
MXL
MKC
MKC.V
MDR
MCD
MUX
MCK
MTL
MRT
MPW
MED
MCC
MDLY
MD
MDT
MRK
MCY
MDP
MTH
MTOR
MTR
MSB
MEI
MET
MCB
MTD
KORS
MFGP
MAA
MSL
MPO
MCRN
MLR
MTX
MG
MTU
MIXT
MFG
MBT
MODN
MOD
MC
MHK
MOH
TAP.A
TAP
MNR
MON
MCO
MOG.A
MOG.B
MS
MOSC
MOS
MSI
MOV
MLI
MWA
MULE
MUR
MUSA
MYE
MYOV
.3
...
2.1
2.0
...
2.3
...
.8
...
7.7
7.5
2.6
12.1
11.9
...
2.2
3.3
4.7
3.1
...
...
8.3
8.9
1.1
3.0
...
...
...
...
4.0
.3
...
...
2.8
.3
...
...
1.4
...
6.5
...
...
2.9
...
...
1.9
1.9
4.0
1.8
1.0
...
...
1.8
...
.4
2.2
1.6
1.1
1.3
...
2.9
...
2.5
...
48.85
21.20
49.90
25.80
16.05
22.86
4.68
29.78
19.91
20.15
26.14
3677.10
17.92
13.30
37.08
61.25
75.24
81.60
41.90
121.40
46.34
28.55
20.71
31.30
13.79
45.60
3.30
19.80
25.55
14.75
2.11
2.26
12.70
2.66
47.47
93.45
59.68
12.44
26.96
99.63
13.55
45.45
17.62
15.00
105.50
60.85
18.43
10.82
3.09
16.18
10.10
20.35
55.08
43.74
483.86
39.84
10.20
14.20
13.05
29.20
8.57
5.25
9.75
3.24
14.30
15.21
15.55
22.58
1662.30
5.32
6.79
30.10
53.03
56.63
68.96
29.90
91.75
36.45
21.17
14.67
22.40
4.79
22.81
1.45
12.25
14.62
7.00
1.06
0.95
6.55
1.45
22.89
72.35
38.72
4.56
5.68
65.00
9.75
35.40
11.87
13.35
46.35
30.97
15.03
7.37
1.28
11.67
3.88
13.00
27.46
24.41
377.27
31.42
6.40
NACCO Inds
NCI BuildingSys
NCR
NGL Energy
NL Industries
NOW
NQ Mobile
NRG Energy
NRG Yield A
NRG Yield C
NTTDoCoMo
NVR
NaborsIndustries
NamTaiProperty
NatlBankHoldings
NationalFuelGas
NationalGrid
NatlHealthInv
NatlOilwell
NatlPrestoInds
NatlRetailProp
NatlStorage
NationstarMtg
NaturalGasSvcs
NaturalGrocers
NaturalResPtrs
Natuzzi
Nautilus
NavigantConsult
NavigatorHldgs
NaviosMaritime
NaviosMaritime
NaviosMaritimeMid
NaviosMaritime
NavistarIntl
Neenah
Nelnet
NeoPhotonics
Netshoes
Nevro
NewHome
NewJerseyRscs
NewMediaInvt
NewMountainFin
NewOrientalEduc
NewRelic
NewResidInvt
NewSeniorInvt
NewYork
NY CmntyBcp
NewYorkREIT
NYTimes A
NewellBrands
NewfieldExpln
NewMarket
NewmontMin
NewparkResources
NC
NCS
NCR
NGL
NL
DNOW
NQ
NRG
NYLD.A
NYLD
DCM
NVR
NBR
NTP
NBHC
NFG
NGG
NHI
NOV
NPK
NNN
NSA
NSM
NGS
NGVC
NRP
NTZ
NLS
NCI
NVGS
NNA
NM
NAP
NMM
NAV
NP
NNI
NPTN
NETS
NVRO
NWHM
NJR
NEWM
NMFC
EDU
NEWR
NRZ
SNR
NWY
NYCB
NYRT
NYT
NWL
NFX
NEU
NEM
NR
1.6
...
...
9.4
...
...
...
.4
6.2
6.2
...
...
2.9
2.2
1.1
3.0
3.5
5.4
.5
.9
4.8
4.3
...
...
...
5.5
...
...
...
...
18.2
...
17.2
...
...
1.6
1.2
...
...
...
...
2.8
8.8
10.1
...
...
11.3
14.0
...
5.0
...
.8
2.9
...
1.8
.8
...
23
cc
28
28
...
25
dd
8
...
27
17
36
dd
30
19
23
57
30
16
14
7
12
11
17
dd
...
39
18
49
43
dd
0
dd
16
17
44
11
32
10
13
dd
26
24
21
dd
8
8
48
22
57
23
23
15
...
28
25
32
22
37
dd
dd
19
91
dd
71.89
26.78
101.01
102.85
7.79
173.57
2.38
166.25
5.40
10.84
12.76
72.85
5.27
6.70
54.22
85.45
58.66
53.69
67.20
52.90
24.52
18.00
28.75
41.90
53.33
44.95
650.60
65.24
31.42
91.32
14.65
18.43
19.01
25.75
75.80
22.69
7.96
12.61
3.94
10.95
15.90
21.80
50.25
274.07
85.82
85.05
84.88
17.05
119.70
157.25
88.78
88.58
55.12
9.70
27.22
96.57
32.85
36.91
12.66
24.40
34.61
86.09
21.30
14.10
+0.62
–0.68
–2.10
–0.15
+0.42
–0.48
+0.09
+9.09
...
–0.35
–0.52
+2.76
+0.03
+0.25
–0.28
–0.09
+1.67
+1.56
+2.00
–0.75
+0.40
–1.55
+1.05
+0.65
+1.49
–0.87
+13.25
+1.32
–3.26
–4.83
+0.35
+1.58
+0.32
–0.45
+5.00
–0.27
+0.32
–0.13
+0.13
+0.45
+0.30
+0.30
+1.70
–2.60
+5.23
+1.06
+1.95
–0.68
+1.10
+3.13
+1.02
+0.53
+2.01
+0.01
+0.36
+4.69
+0.75
+0.46
+0.07
–0.40
+1.56
+2.33
+0.35
+0.02
3.17
.91
3.69
3.69
...
5.44
.07
22.73
.52
–.18
.86
1.49
–.28
.02
3.49
2.89
1.41
1.32
4.16
3.55
3.59
.65
.73
2.48
.63
.19
14.22
3.33
.74
2.69
.58
52.66
.43
1.75
3.79
.32
.63
.34
.44
.74
–1.38
.29
1.58
12.48
.92
9.26
9.26
.32
5.09
1.36
3.90
3.90
2.92
...
.85
3.24
1.51
1.74
.76
–.47
–1.60
5.59
.03
–1.70
3.11
1.45
4.22
4.22
...
6.52
.02
12.19
.34
.64
.89
2.17
.67
.38
3.30
4.78
3.94
1.87
3.38
3.79
2.44
...
...
2.62
4.54
2.39
17.53
3.98
...
2.03
–.10
2.57
1.62
...
4.57
.48
.67
.42
.38
1.04
–.16
1.43
2.14
13.51
–4.14
4.31
4.31
.46
5.69
5.95
4.18
4.18
3.44
...
.98
5.40
1.74
...
.54
–.41
–.23
4.43
.49
–1.86
3.31
1.81
4.67
4.68
...
7.13
.06
12.99
...
.73
1.04
2.56
.65
.52
3.51
5.18
4.06
2.73
3.91
4.68
2.88
...
...
2.98
4.88
2.76
19.94
4.10
...
2.06
.65
2.59
1.77
...
5.01
.83
.66
.54
.37
1.11
.11
1.58
2.47
14.92
3.13
4.92
4.90
.48
6.24
6.67
4.62
4.62
4.30
...
1.09
5.85
1.94
...
.64
–.41
.21
4.79
.65
–1.81
.045
...
.52
.52
...
1.01
.005
.34
...
.21
.24
.48
.16
.20
...
.46
.48
.625
.52
...
...
.1245
.64
.11
.40
...
...
...
.3476
.9225
.01
...
...
.18
.05
...
...
.0453
...
.3559
...
...
.37
...
...
.41
.41
.17
.54
.38
...
...
.25
...
.025
.52
.13
.10
.04
...
.25
...
.135
...
6
25
22
dd
9
dd
dd
dd
63
63
16
26
dd
cc
27
17
12
17
dd
16
33
cc
10
cc
27
13
dd
14
21
51
dd
dd
18
...
cc
20
10
dd
...
dd
13
26
dd
9
57
dd
6
dd
dd
16
dd
33
12
20
20
cc
cc
41.60
18.90
35.85
16.60
14.45
12.88
3.89
28.70
18.73
18.70
24.15
3558.23
8.19
12.55
33.58
56.14
57.58
69.74
39.14
107.10
39.95
25.90
18.94
28.80
8.33
32.45
1.71
13.25
19.76
10.75
1.10
1.41
9.84
2.44
45.40
92.80
54.57
6.69
9.57
78.56
12.65
39.45
16.91
13.50
104.92
60.39
17.74
7.41
2.96
13.64
4.17
20.25
32.26
34.75
397.63
39.79
9.85
+2.05
–0.55
+1.35
+1.10
+0.30
+1.16
–0.28
–0.03
–0.22
–0.30
–0.01
–8.77
+1.01
–0.10
+0.87
+0.06
–1.35
–4.28
+0.92
+6.60
–1.44
–0.47
–0.16
+1.40
–0.18
+3.15
–0.14
+0.10
+0.11
...
–0.05
+0.11
+0.05
...
+1.70
+2.35
–0.62
–0.20
+0.31
+7.47
–0.20
+0.05
+0.31
–0.25
+4.06
+1.08
+0.03
–0.15
–0.05
+0.57
+0.17
+1.50
+0.28
+0.83
–2.69
+1.39
+1.00
4.32
.77
1.71
.95
.31
–2.18
...
–2.22
.58
.58
1.62
103.61
–3.64
–.26
.79
3.30
14.73
3.87
–6.41
6.39
1.38
.31
.19
.50
.31
7.78
–.12
1.09
1.19
.81
.40
–2.54
1.19
...
.32
4.24
6.02
...
–6.06
–1.12
1.01
1.52
.70
1.60
1.74
–1.18
2.12
–.88
–.27
1.01
–.50
.18
1.25
–6.36
20.54
–1.18
–.49
...
1.10
3.15
–1.38
1.02
–.33
...
.97
.60
.60
1.71
146.10
–1.67
...
1.11
2.92
3.92
3.89
–.42
...
1.30
.04
1.57
.15
.25
4.87
...
.91
1.20
.13
–.08
–1.00
.70
...
2.12
4.28
4.03
–.84
–2.45
–1.26
.97
1.82
–.20
1.39
2.06
–.22
2.71
–.69
...
.84
...
.72
2.81
2.14
19.34
1.38
.07
...
1.37
3.32
–.02
1.55
.14
...
2.15
.92
.92
1.72
183.36
–.79
...
1.75
3.14
4.04
3.78
.31
...
1.33
–.01
2.14
.43
.26
5.45
...
1.07
1.29
.21
–.05
–.33
.82
...
3.00
4.92
5.18
–.25
–1.30
–.36
1.28
1.98
.75
1.37
2.84
.23
2.15
–.87
...
.85
...
.74
2.95
2.85
21.84
1.29
.41
.165
...
...
.39
...
...
...
.03
.288
.288
...
...
.06
.07
.09
.415
1.0169
.95
.05
4.50
.475
.28
...
...
...
.45
...
...
...
...
.05
...
.4225
...
...
.37
.16
...
...
...
...
.2725
.37
.34
.45
...
.50
.26
...
.17
2.00
.04
.23
...
1.75
.075
...
N
52-Week
High Low Name
21.20
29.40
159.40
71.39
58.03
44.24
45.73
65.19
27.76
52.82
7.76
40.89
56.88
6.65
17.05
6.80
41.88
2.95
9.30
53.00
156.08
5.70
9.32
315.71
14.70
69.50
64.47
58.04
86.90
55.11
70.27
70.48
55.64
31.50
56.18
15.27
22.28
117.88
55.94
48.25
26.97
34.22
50.35
21.65
22.56
3.14
22.99
38.07
4.50
9.86
5.28
23.68
0.80
2.45
37.79
105.89
3.70
5.94
223.88
11.15
55.70
55.33
53.20
69.53
32.83
47.10
51.67
26.21
13.50
51.51
NexaResources
NexPointResidentl
NextEraEnergy
NextEraEnergyUn
NextEraEnergyUn
NextEraEnergy
NielsenHoldings
Nike
NiSource
NoahHoldings
Noble
NobleEnergy
NobleMidstream
Nokia
NomadFoods
NomuraHoldings
Norbord g
NordicAmerOffshr
NordicAmerTankers
Nordstrom
NorfolkSouthern
NAmerEnergyPtr g
NoEuroOil
NorthropGrum
NorthstarRltyEur
NorthwestNatGas
Northwestern
NorwegCruise
Novartis
NovoNordisk
NuSkinEnts
Nucor
NuSTAREnergy
NuSTAR GP
Nutrien
- Earnings Tick
- Week’s - Last This Next Div
Sym Yld P/E Last Chg. Year Year Year Amt
NEXA
NXRT
NEE
NEE.PQ
NEE.PR
NEP
NLSN
NKE
NI
NOAH
NE
NBL
NBLX
NOK
NOMD
NMR
OSB
NAO
NAT
JWN
NSC
NOA
NRT
NOC
NRE
NWN
NWE
NCLH
NVS
NVO
NUS
NUE
NS
NSH
NTR
...
3.7
2.6
4.7
5.6
3.9
3.6
1.2
2.9
...
...
1.2
3.3
3.9
...
...
5.5
5.8
4.6
2.9
1.6
1.3
9.7
1.3
4.7
3.3
3.8
...
3.1
.9
2.1
2.2
12.8
12.9
...
...
10
17
...
...
32
26
28
29
29
dd
dd
15
dd
24
11
9
dd
dd
18
24
cc
12
23
dd
26
17
18
31
24
25
20
90
9
...
20.25
26.86
150.32
67.73
55.15
40.31
37.46
64.67
24.07
51.30
5.77
32.23
56.54
4.87
16.30
6.59
34.24
1.39
2.63
51.82
154.34
4.95
9.03
315.15
12.68
57.00
55.40
57.85
86.65
55.04
68.67
69.02
34.22
16.90
53.43
+0.35
–0.68
–1.39
...
+0.14
–1.08
+1.46
+0.69
–0.72
+5.73
+0.71
+0.73
+4.34
–0.05
–0.30
+0.26
–0.67
+0.11
+0.05
+3.57
+4.07
+0.15
+0.36
+6.93
–0.33
–1.65
–2.01
+2.98
+0.38
+0.30
–0.12
+1.16
+2.90
+0.95
–2.30
.11
1.03
6.25
...
...
1.88
1.39
2.51
1.02
1.72
–3.82
–2.32
.89
–.14
.22
.62
2.14
–1.54
–.05
2.02
5.62
–.01
.76
12.19
–1.07
2.12
3.39
2.78
2.81
2.22
2.55
2.48
1.27
1.28
...
1.50
2.64
6.73
...
...
1.24
1.42
2.29
1.19
2.10
–1.20
...
4.05
.35
1.16
.58
4.45
–.52
–.62
2.95
6.49
.14
...
13.03
...
2.18
3.38
3.92
4.80
2.46
3.22
3.58
.82
2.10
2.63
2.12
–.33
7.26
...
...
1.93
1.49
2.67
1.28
2.55
–1.41
.25
5.25
.33
1.32
.60
3.91
–.42
–.30
3.12
7.89
.38
...
13.64
...
2.27
3.43
4.60
5.24
2.61
3.58
4.56
1.43
.96
3.05
...
.25
.9825
.7964
.7654
.3925
.34
.20
.175
...
...
.10
.4665
.1899
...
...
.4744
.02
.03
.37
.61
.0156
.22
1.00
.15
.4725
.525
...
2.7178
.4738
.36
.38
1.095
.545
...
O
10.35
13.85
37.41
18.37
79.51
59.30
48.50
18.93
15.27
1.44
76.76
29.53
3.95
5.97
9.71
41.15
50.82
21.56
38.84
35.14
87.43
11.60
68.29
6.36
27.70
35.11
12.75
29.00
53.14
17.65
134.59
12.60
27.70
11.11
96.30
66.46
94.16
14.39
27.89
5.66
37.02
95.99
25.90
82.90
6.76
7.80
30.70
13.20
61.97
47.14
40.65
15.57
6.69
0.82
57.20
17.11
2.15
2.12
4.55
20.23
31.35
17.92
25.60
26.06
65.32
8.10
43.25
3.29
21.96
21.56
7.30
15.10
38.89
14.94
85.51
7.84
17.15
5.17
73.70
52.39
61.74
10.02
20.82
1.96
17.75
52.48
18.39
49.50
OCI Partners
OFGBancorp
OGE Energy
OM AssetMgmt
ONE Gas
ONEOK
OaktreeCapital
OasisMidstream
OasisPetrol
ObsidianEnergy g
OccidentalPetrol
OceaneeringIntl
Och-Ziff
OcwenFinancial
Oi
OilStatesIntl
OilDriAmerica
OldRepublic
Olin
OmegaHealthcare
Omnicom
OmnovaSol
OnAssignment
OnDeckCapital
OneLiberty
OneMain
Ooma
Oppenheimer A
Oracle
Orange
OrbitalATK
OrchidIslandCap
OrionEngCarbons
OrionGroup
Orix
OrmatTech
Oshkosh
OsiskoGoldRoyal g
OutfrontMedia
OverseasShip
Owens&Minor
OwensCorning
Owens-Illinois
OxfordIndustries
OCIP
OFG
OGE
OMAM
OGS
OKE
OAK
OMP
OAS
OBE
OXY
OII
OZM
OCN
OIBR.C
OIS
ODC
ORI
OLN
OHI
OMC
OMN
ASGN
ONDK
OLP
OMF
OOMA
OPY
ORCL
ORAN
OA
ORC
OEC
ORN
IX
ORA
OSK
OR
OUT
OSG
OMI
OC
OI
OXM
37.01
22.70
71.57
17.60
15.08
49.38
38.54
153.50
87.09
46.00
90.56
14.63
119.85
40.20
17.65
30.49
137.60
144.83
2.47
130.19
157.65
72.03
13.72
25.30
11.79
17.58
22.19
29.90
2.80
210.35
37.72
17.05
89.37
40.92
10.01
38.96
36.99
1.45
7.42
18.48
18.55
41.61
10.00
9.79
30.03
27.60
113.66
46.80
33.35
52.88
6.88
94.62
30.44
14.65
20.34
108.97
84.53
1.11
85.36
107.31
39.94
4.44
17.55
5.59
15.03
16.00
24.65
0.85
141.06
22.98
9.50
42.52
22.58
7.04
26.21
30.32
0.54
2.35
PBF Energy
PBF Logistics
PG&E
PGT Innovations
PHH
PJT Partners
PLDT
PNC Fin
PNC Fin Wt
PNM Resources
POSCO
PPDAI
PPG Ind
PPL
PQ Group
PROS
PSBusinessParks
PVH
PacificCoastOil
PackagingCpAm
PaloAltoNtwks
PampaEnergia
PandoraMedia
PanhandleOil&Gas
ParTechnology
ParamountGroup
ParkElectrochem
ParkHotels
ParkerDrilling
ParkerHannifin
ParsleyEnergy
PartyCity
PaycomSoftware
PeabodyEnergy
Pearson
PebblebrookHotel
PembinaPipeline g
PengrowthEnergy g
PenneyJC
PBF
PBFX
PCG
PGTI
PHH
PJT
PHI
PNC
PNC.WS
PNM
PKX
PPDF
PPG
PPL
PQG
PRO
PSB
PVH
ROYT
PKG
PANW
PAM
P
PHX
PAR
PGRE
PKE
PK
PKD
PH
PE
PRTY
PAYC
BTU
PSO
PEB
PBA
PGH
JCP
3.7
2.6
4.3
2.0
2.4
5.1
5.0
...
...
...
4.0
2.7
2.9
...
...
...
2.2
3.8
2.1
10.0
3.2
...
...
...
7.1
...
...
1.6
1.5
3.3
1.0
16.8
3.0
...
...
.5
1.0
1.3
6.6
...
5.0
.9
...
1.3
dd
11
16
...
23
37
10
...
dd
dd
cc
dd
23
dd
...
dd
26
14
85
34
15
dd
31
dd
20
27
dd
dd
21
94
25
dd
23
dd
9
28
25
58
26
dd
16
29
15
27
8.70
9.25
30.74
18.34
68.91
58.67
44.45
18.47
9.27
1.24
76.53
22.44
2.72
3.05
5.20
34.05
42.13
19.79
38.07
26.12
75.92
10.70
66.59
5.36
25.40
34.08
11.80
26.75
49.51
17.58
132.01
7.87
27.00
8.04
96.10
66.07
92.29
11.91
21.93
2.74
20.66
95.92
22.44
82.28
+0.10
+0.05
–1.76
+1.39
–2.24
+2.61
+0.65
+0.47
+0.56
–0.02
+1.98
–0.71
–0.15
...
–0.07
+2.85
+2.35
–1.08
–0.53
–0.84
+3.75
+0.35
+1.34
–0.31
–0.45
–0.45
–0.30
–0.25
+1.04
–0.02
+0.11
–1.24
–0.05
+0.25
+7.01
+1.02
+2.32
+0.46
–0.95
–0.07
+0.79
+1.50
–0.17
+2.27
–.58
1.03
1.69
...
2.65
1.66
3.11
.65
–1.32
–1.05
–.75
.25
–.73
–1.61
...
–.92
1.47
1.62
–.02
1.90
4.78
–.01
1.81
–1.17
1.39
1.59
–.74
–.09
2.21
1.15
5.01
.08
.83
–.13
9.64
1.87
3.77
.30
.66
–3.25
1.76
3.41
1.28
3.15
.28
.57
1.90
...
3.03
1.74
3.80
.86
–.06
–.10
.86
–.10
.52
–.91
–6.20
–1.10
...
1.11
.96
.65
5.08
.59
3.06
–.05
1.30
3.52
–.10
.83
2.94
1.14
6.26
.67
1.68
–.24
10.43
2.33
4.57
...
.91
...
1.77
4.35
2.64
3.65
.85
.87
2.00
...
3.16
2.25
3.58
1.78
.11
–.18
1.85
–.41
.36
–.86
–3.55
–.37
...
1.60
2.47
1.79
5.45
.71
3.40
.24
.84
4.71
–.01
1.76
3.17
1.29
6.84
1.55
1.87
.14
10.95
2.52
5.21
...
1.04
...
2.12
5.27
2.83
4.35
.08
.06
.3325
.09
.42
.745
.56
...
...
...
.77
.15
.02
...
...
...
.23
1.00
.20
.65
.60
...
...
...
.45
...
...
.11
.19
.2934
.32
.11
.2016
...
...
.08
.24
.039
.36
...
.2575
.21
...
.27
17
9
10
38
dd
80
12
19
...
18
14
...
22
14
...
dd
36
21
29
24
dd
21
dd
cc
39
41
85
2
dd
27
cc
16
84
dd
dd
29
37
dd
dd
35.12
21.50
43.82
17.45
10.24
48.86
28.47
151.84
84.67
35.70
90.34
7.00
118.17
31.08
16.89
28.66
116.25
143.63
2.41
128.32
153.52
70.49
4.59
22.70
8.67
15.16
22.05
28.95
1.35
210.04
29.11
15.50
88.75
40.61
9.90
37.97
35.43
.90
4.05
–1.04
+0.10
–0.47
+0.55
+0.26
+1.93
–0.88
+7.06
+7.12
–3.70
+4.34
–0.13
–0.75
+0.13
+0.63
+1.15
–4.80
+0.54
+0.36
–0.15
+0.55
+1.20
–0.58
+1.40
–0.63
–0.40
+1.60
+0.26
+0.10
+6.23
–1.74
+1.55
+4.87
+0.66
–0.03
+0.65
–1.19
...
+0.44
1.74
2.01
2.78
.47
–3.77
–.17
1.94
7.30
...
1.46
3.59
...
3.28
2.79
–.57
–2.47
2.31
6.79
.01
4.75
–2.39
–.01
–1.49
.21
.11
–.05
.46
.67
–1.86
7.25
–.46
.98
.74
–40.45
–3.86
.64
.77
–.41
...
1.67
2.31
3.69
.56
–4.45
1.41
2.24
8.69
...
1.87
8.01
.25
5.88
2.18
.56
–.86
2.84
7.81
...
5.99
3.39
3.22
–.65
...
...
.09
.38
12.15
–.86
9.75
.51
1.24
1.26
4.58
.66
1.07
1.13
–.76
.10
3.05
2.42
3.81
.73
–2.78
2.28
1.98
10.10
...
1.74
8.45
1.19
6.63
2.33
.99
–.67
3.12
8.79
...
7.08
4.14
5.22
–.37
...
...
.12
.43
1.34
–.55
10.74
1.13
1.72
1.54
2.76
.65
1.00
1.64
–.10
.19
.30
.48
.53
...
...
.05
.941
.75
...
.265
...
...
.45
.395
...
...
.85
.0375
.0278
.63
...
...
...
.04
...
.095
3.00
.55
...
.66
...
...
...
...
.0677
.38
.1436
...
...
PQ
3.4
8.9
...
...
...
.4
6.6
2.0
...
3.0
...
...
1.5
5.1
...
...
2.9
.1
13.8
2.0
...
...
...
.7
...
2.5
1.8
7.6
...
1.3
...
...
...
...
1.4
4.0
4.9
...
...
NYSE CUMULATIVE DAILY BREADTH vs DJIA
The Long Run: The NYSE’s cumulative breadth rose for a 10th straight week as the S&P
500 got off to its best start since 2003. Winning stocks topped losers by 3 to 2 in a
strong week.
BREADTH
DJIA
489000
26050
BREADTH 488,204
s
52-Week
High Low Name
473600
24800
458200
23550
s
DJIA
442800
22300
427400
21050
412000
19800
F
M
A
M
J
J
A
S
O
N
D
J
In generating this chart, we subtract each day's NYSE composite declines from that day's advances. The resultant total is added to the next day's total, and so
on. When all five days' numbers are added together, this produces the weekly figure we plot. Dec. 31, 1985 =1000.
52-Week
High Low Name
- Earnings Tick
- Week’s - Last This Next Div
Sym Yld P/E Last Chg. Year Year Year Amt
18.72
24.00
18.46
55.26
74.47
116.35
33.80
79.02
10.30
92.75
14.50
81.80
11.50
10.86
4.75
37.35
123.55
105.09
58.00
8.14
21.85
23.08
8.63
66.67
92.48
6.65
199.83
92.30
16.60
33.01
34.63
35.03
58.27
14.82
20.00
134.67
46.79
50.11
89.04
166.08
6.07
22.71
59.63
12.53
106.40
63.45
94.67
57.18
67.53
21.63
77.87
110.10
28.76
125.00
54.31
53.28
232.21
35.01
19.27
12.70
18.92
61.55
44.35
36.34
29.04
165.93
19.99
24.60
40.10
9.20
35.45
112.97
9.46
17.85
9.32
15.65
14.87
38.33
57.44
67.95
21.70
50.59
7.80
63.68
8.01
60.69
7.61
6.96
1.50
30.90
89.97
75.14
44.40
2.43
16.31
18.91
3.96
52.51
75.79
1.60
125.46
52.75
9.50
18.38
18.98
18.32
41.28
9.11
14.55
77.91
31.68
42.38
75.76
115.53
2.26
12.42
40.11
7.75
70.00
50.70
83.44
35.85
48.33
10.84
55.84
48.00
23.19
97.88
38.17
41.67
192.15
18.87
9.12
8.25
7.02
46.32
29.40
27.51
18.16
124.92
13.13
17.45
30.23
4.11
11.33
90.10
2.54
9.10
PA Reit
PennyMacFinS
PennyMacTr
PenskeAuto
Pentair
Penumbra
PerformanceFood
PerkinElmer
PermianBasin
Perrigo
Petrobras
PetroChina
PetroleoBrasil
PetroleoBrasilA
PetroQuestEner
Pfizer
PhilipMorris
Phillips66
Phillips66Ptrs
PhoenixNewMedia
PhysiciansRealty
PiedmontOfficeA
Pier 1
PinnacleFoods
PinnacleWest
PioneerEnerSvcs
PioneerNatRscs
PiperJaffray
PitneyBowes
PlainsAllAmPipe
PlainsGP
PlanetFitness
Plantronics
PlatformSpecialty
PlyGem
PolarisIndustries
PolyOne
PortlandGenElec
PostHoldings
Praxair
PrecisionDrilling g
PrefApartment
PrestigeBrands
PretiumResources
Primerica
ProAssurance
Procter&Gamble
Progressive
Prologis
ProPetro
ProsperityBcshs
ProtoLabs
ProvidentFinSvcs
PrudentialFin
Prudential
PublicServiceEnt
PublicStorage
PulteGroup
PureStorage
PzenaInvtMgmt
QEP Resources
QTS Realty
Q2Holdings
Qiagen
QuadGraphics
QuakerChemical
QualityCareProp
QuanexBldg
QuantaServices
Quantum
Qudian
QuestDiag
QuorumHealth
QuotientTech
PEI
PFSI
PMT
PAG
PNR
PEN
PFGC
PKI
PBT
PRGO
PZE
PTR
PBR
PBR.A
PQ
PFE
PM
PSX
PSXP
FENG
DOC
PDM
PIR
PF
PNW
PES
PXD
PJC
PBI
PAA
PAGP
PLNT
PLT
PAH
PGEM
PII
POL
POR
POST
PX
PDS
APTS
PBH
PVG
PRI
PRA
PG
PGR
PLD
PUMP
PB
PRLB
PFS
PRU
PUK
PEG
PSA
PHM
PSTG
PZN
QEP
QTS
QTWO
QGEN
QUAD
KWR
QCP
NX
PWR
QTM
QD
DGX
QHC
QUOT
3.91
23.30
24.03
67.50
33.15
109.53
62.00
24.60
0.28
16.30
17.64
45.55
23.38
24.41
50.34
19.12
RAIT Financial
RELX
RELX
RE/MAX
REV
RH
RLI
RLJ Lodging
RAS
RENX
RELX
RMAX
REVG
RH
RLI
RLJ
7.2
...
11.8
2.5
1.9
...
...
.4
6.5
.7
...
2.7
...
...
...
3.7
4.1
2.7
4.7
...
5.6
4.4
6.7
2.2
3.5
...
.0
1.4
5.7
5.0
5.0
...
1.1
...
...
1.8
1.5
3.2
...
1.9
...
5.7
...
...
.8
2.3
3.1
1.2
2.8
...
1.9
...
2.9
2.4
1.4
3.4
4.1
1.0
...
1.0
...
3.0
...
...
5.0
.9
...
.7
...
...
...
1.8
...
...
dd
9
11
13
33
dd
32
40
15
dd
...
41
32
30
dd
23
23
26
23
59
71
95
15
40
17
dd
cc
dd
28
26
dd
55
23
dd
21
41
16
18
cc
29
dd
dd
22
dd
20
20
24
23
19
...
19
62
19
12
20
57
28
17
dd
17
dd
cc
dd
94
14
44
dd
42
21
dd
...
21
dd
dd
11.70
23.40
15.97
53.31
73.76
91.15
33.00
78.89
9.37
91.80
14.18
76.84
11.47
10.82
1.89
36.54
104.50
104.97
55.15
7.04
16.34
19.27
4.18
59.15
79.22
4.00
186.15
91.90
13.18
23.96
24.14
32.37
55.04
11.66
18.20
130.03
45.65
42.62
80.60
164.15
3.71
17.48
44.84
11.15
103.90
54.95
89.61
55.94
61.85
21.09
74.98
109.35
28.03
124.12
54.28
50.10
193.55
34.48
16.47
11.86
11.09
51.65
37.90
32.65
24.18
155.54
13.41
22.50
39.44
6.14
12.00
101.63
7.04
11.95
–0.03
–0.40
–0.07
+3.53
+1.10
+6.00
–0.80
+1.95
+0.58
+0.62
+0.63
+2.34
+0.39
+0.33
+0.08
–0.32
+0.20
+2.81
+1.95
–0.18
–1.05
+0.06
–0.06
–0.21
–3.20
+0.45
+9.64
+3.60
+1.67
+1.67
+1.30
–1.33
+1.30
+1.10
–0.40
+4.84
+0.10
–1.24
+0.58
+2.78
+0.45
–1.52
+0.64
–0.37
+0.25
–1.05
–1.63
+0.41
–0.71
+1.36
+5.27
+3.10
+1.20
+6.44
+2.21
+0.44
–8.37
–0.06
–0.47
+0.40
+0.62
–1.50
–0.35
+0.19
+1.37
+2.57
–0.42
–0.50
–0.07
–0.01
–1.00
+1.72
+0.97
...
–.40
2.94
1.08
3.99
2.85
.44
.93
2.12
.42
–28.01
.45
...
–.67
–.67
–5.24
1.17
4.48
2.92
2.20
...
.22
.69
.37
1.79
3.95
–1.96
–3.34
–1.73
.49
.43
.94
.50
2.51
–.65
1.10
3.27
1.95
2.16
.50
5.21
–.40
–2.11
1.30
–.35
4.59
2.83
5.59
1.76
2.27
–1.72
3.94
1.61
1.38
9.71
2.02
1.75
6.81
1.75
–1.26
.58
–5.62
.46
–.92
.32
.90
4.63
.87
.54
1.26
.88
1.09
4.51
–12.24
–.23
–.68
2.50
1.29
4.31
3.53
–.14
1.45
2.89
...
4.89
...
2.40
.64
.66
–.53
2.60
4.75
4.46
2.57
.09
.26
...
.22
2.55
4.27
–.71
1.71
6.75
1.39
1.20
1.00
.82
3.10
.78
.99
4.83
2.20
2.26
3.81
5.81
–.30
–.75
2.64
.22
5.37
2.09
4.17
2.41
2.85
.69
3.94
2.12
1.53
10.52
3.76
2.92
7.04
2.04
–.19
.60
–.43
.45
–.01
...
1.81
5.01
...
.85
1.96
.28
1.09
5.65
–1.97
.19
...
3.21
1.56
4.68
3.93
.05
1.73
3.38
...
5.41
...
3.76
.90
.94
–.04
2.76
5.30
6.76
3.25
.13
.33
...
.24
2.79
4.43
–.31
3.77
7.04
1.41
1.53
1.42
.99
3.48
.98
1.42
5.77
2.50
2.32
4.52
6.38
–.22
–1.76
2.93
.95
6.80
2.12
4.46
3.22
1.41
1.79
4.75
2.52
1.77
12.09
4.10
3.00
7.60
3.00
.07
.87
–.17
.48
.14
...
2.10
6.07
...
.97
2.47
.85
1.35
5.90
–.91
.52
.21
...
.47
.33
.35
...
...
.07
.0509
.16
...
1.0407
...
...
...
.34
1.07
.70
.646
...
.23
.50
.07
.325
.695
...
.04
.3125
.1875
.30
.30
...
.15
...
...
.58
.175
.34
...
.7875
...
.25
...
...
.20
4.69
.6896
.6808
.44
...
.36
...
.15
.75
.389
.43
2.00
.09
...
.03
...
.39
...
...
.30
.355
...
.04
...
...
...
.45
...
...
dd
28
29
37
75
cc
33
29
.41
22.55
23.21
49.00
31.69
95.87
59.63
22.14
+0.02
–0.59
–0.54
+1.90
–1.06
+2.90
+0.08
–0.09
–.11
.76
.76
1.29
.50
.13
2.59
1.61
–2.07
1.10
1.08
1.90
1.72
2.92
1.51
.70
–.56
1.16
1.16
2.18
2.17
5.28
2.10
.92
.05
.1566
.1508
.18
.05
...
1.75
.33
R
...
1.4
1.3
1.5
.6
...
1.4
6.0
52-Week
High Low Name
- Earnings Tick
- Week’s - Last This Next Div
Sym Yld P/E Last Chg. Year Year Year Amt
27.07
56.69
18.52
44.11
31.80
22.82
106.92
16.61
36.40
15.70
96.79
20.99
32.47
198.07
35.18
63.60
130.93
10.15
17.45
87.50
23.56
10.10
72.05
28.30
18.37
16.68
165.12
91.24
152.00
3.79
18.70
69.12
88.49
49.14
11.75
11.38
68.89
15.81
36.80
107.87
31.71
28.44
26.42
52.60
57.78
35.21
8.77
11.88
57.67
210.72
138.14
54.95
184.00
48.29
275.52
13.67
20.34
84.70
8.44
133.75
70.94
72.77
9.16
28.10
90.01
14.65
74.45
16.63
47.87
7.15
28.76
15.50
15.58
66.06
11.86
15.33
8.48
70.74
11.88
26.85
141.28
25.14
52.63
72.60
6.15
14.29
70.25
13.90
9.95
58.63
18.31
13.00
9.02
121.93
68.46
116.50
2.12
6.01
56.83
62.64
23.64
4.10
7.90
47.75
11.61
15.60
76.10
21.34
20.75
16.87
21.50
37.66
24.08
1.38
6.05
42.92
139.38
88.80
38.80
77.72
33.00
185.10
7.41
9.02
66.66
5.37
84.03
50.32
53.10
1.68
21.00
62.52
7.65
57.78
RPC
RPM
RR Donnelley
RSP Permian
RYBEducation
RadianGroup
RalphLauren
Ramco-Gershenson
RangeResources
RangerEnergySvcs
RaymondJames
RayonierAdvMatls
Rayonier
Raytheon
Realogy
RealtyIncome
RedHat
RedLionHotels
RedwoodTrust
RegalBeloit
Regal
RegalwoodGlbUn
RegencyCtrs
RegionalMgmt
RegionsFin
Regis
ReinsGrp
RelianceSteel
RenaissanceRe
ReneSola
Renren
RepublicSvcs
ResMed
ResoluteEnergy
ResoluteForest
ResourceCapital
RestaurantBrands
RetailPropofAmer
Revlon
RexAmerRes
RexfordIndlRealty
Rexnord
RiceMidstream
RingCentral
RioTinto
RitchieBros
RiteAid
RoadrunnerTrans
RobertHalf
Rockwell
RockwellCollins
RogersComm B g
Rogers
Rollins
RoperTech
RosettaStone
Rowan
RoyalBkCanada g
RoyalBkScotland
RoyalCaribbean
RoyalDutchA
RoyalDutchB
RubiconProject
RudolphTech
RyderSystem
RyersonHolding
RymanHospitality
RES
RPM
RRD
RSPP
RYB
RDN
RL
RPT
RRC
RNGR
RJF
RYAM
RYN
RTN
RLGY
O
RHT
RLH
RWT
RBC
RGC
RWGE.U
REG
RM
RF
RGS
RGA
RS
RNR
SOL
RENN
RSG
RMD
REN
RFP
RSO
QSR
RPAI
REV
REX
REXR
RXN
RMP
RNG
RIO
RBA
RAD
RRTS
RHI
ROK
COL
RCI
ROG
ROL
ROP
RST
RDC
RY
RBS
RCL
RDS.A
RDS.B
RUBI
RTEC
R
RYI
RHP
1.1
2.4
5.8
...
...
.0
1.9
6.4
.5
...
1.0
1.4
3.1
1.6
1.3
4.8
...
...
7.4
1.3
3.8
...
3.3
...
2.0
...
1.2
2.0
1.1
...
...
2.0
1.6
...
...
2.1
1.4
5.4
...
...
2.0
...
5.1
...
3.8
2.1
...
...
1.7
1.6
1.0
3.1
...
1.0
.6
...
...
3.4
...
1.9
5.3
5.2
...
...
2.0
...
4.3
116.90
178.50
50.36
30.40
64.80
69.29
28.76
115.34
34.79
33.18
48.75
28.95
26.58
50.00
3.79
88.80
111.94
30.85
11.66
50.67
45.39
20.94
93.92
12.29
21.97
31.06
22.70
19.65
33.50
1.23
SAP
S&P Global
Seacor
SEACOR Marine
SINOPEC
SJW Group
SK Telecom
SLGreenRealty
SM Energy
SPX
SPX FLOW
STAG Indl
StoreCapital
SabineRoyalty
SafeBulkers
SAP
SPGI
CKH
SMHI
SHI
SJW
SKM
SLG
SM
SPXC
FLOW
STAG
STOR
SBR
SB
1.2
.9
...
...
6.0
1.5
...
3.4
.4
...
...
5.5
5.1
5.6
...
65
21
dd
70
...
28
cc
23
dd
...
22
35
31
27
16
43
69
dd
10
17
26
...
cc
13
19
dd
13
18
dd
dd
dd
29
36
dd
dd
36
42
dd
dd
17
66
42
14
dd
17
53
16
...
22
33
29
26
37
57
40
dd
dd
15
dd
17
28
28
dd
19
24
52
25
24.54
53.29
9.64
42.09
16.85
22.13
106.79
13.75
17.58
10.27
96.79
19.92
32.44
197.46
27.00
52.72
125.95
10.15
15.16
78.05
22.97
9.99
64.06
28.26
18.28
15.37
163.98
90.45
120.51
3.06
11.42
68.38
87.78
36.72
11.45
9.62
61.22
12.38
22.25
84.70
28.38
27.84
22.18
52.35
57.67
32.10
2.39
8.19
56.36
207.92
137.83
50.04
171.61
47.62
275.28
12.60
17.17
84.35
8.44
127.53
70.88
72.70
2.38
24.15
89.82
12.45
74.33
–1.69
–1.21
+0.15
+0.91
–0.09
+1.15
+2.41
–0.75
+0.82
+1.02
+5.84
+0.26
+0.55
+7.23
+0.34
–2.49
+1.81
+0.45
+0.39
–1.15
...
–0.01
–2.71
+0.58
+0.79
–0.22
+6.85
+2.00
–3.47
–0.04
–1.57
+0.12
+0.09
+3.71
+0.25
+0.39
–2.29
–0.66
–0.35
+1.69
–0.32
+1.51
+0.67
+4.80
+3.13
+0.77
+0.36
+0.24
+0.05
+7.95
+1.17
–0.40
+4.91
+0.51
+8.26
+0.11
+0.10
–0.05
+0.81
+6.30
+1.84
+1.93
+0.27
–1.00
+2.87
+1.65
+4.04
–.66
1.36
–7.09
–.23
...
1.37
–1.20
.66
–2.75
...
4.33
1.55
1.73
7.44
1.46
1.13
1.39
–.23
1.54
4.52
1.09
...
1.42
1.99
.87
–.35
10.79
4.16
11.43
–1.70
...
1.78
2.40
–10.33
–.90
–1.73
1.48
.66
–.42
4.91
.36
.64
1.45
–.40
2.55
.86
...
1.23
2.67
6.35
4.79
1.22
2.65
.77
6.43
–1.25
2.56
5.80
–1.60
5.93
...
...
–.39
1.16
4.90
.54
3.11
.82
3.00
1.08
.83
.32
1.76
5.61
.43
.52
–.67
6.36
.59
.51
7.60
1.50
1.18
2.87
–.21
1.61
4.86
.91
...
.81
2.34
1.00
.23
11.10
5.22
–8.85
–2.61
–1.01
2.39
3.00
1.12
.40
.56
2.01
–.15
–1.96
...
.35
1.26
1.58
.19
4.73
.77
–.05
...
2.49
7.47
7.08
2.76
5.84
.85
9.32
–.47
–.61
6.31
.66
7.41
3.80
3.80
–1.16
1.17
4.52
.59
3.03
1.60
3.28
1.17
1.69
.65
2.30
5.70
.19
.75
.56
7.06
1.45
.58
8.59
1.80
1.28
3.33
–.07
1.49
5.35
1.04
...
1.48
3.17
1.26
.51
12.36
6.38
9.83
.08
–.44
2.66
3.38
3.25
.81
–.14
2.66
.16
–1.06
...
.15
1.60
1.61
.28
4.15
.99
–.02
...
3.03
8.35
7.87
3.06
6.34
.96
10.17
–.34
–2.47
6.74
.69
8.62
4.35
4.35
–.99
1.38
5.71
1.31
3.48
.07
.32
.14
...
...
.0025
.50
.22
.02
...
.25
.07
.25
.7975
.09
.2125
...
...
.28
.26
.22
...
.53
...
.09
...
.50
.45
.32
...
...
.345
.35
...
...
.05
.21
.1656
...
...
.145
...
.2814
...
1.1099
.17
...
...
.24
.835
.33
.385
...
.10
.4125
...
...
.7157
...
.60
.94
.94
...
...
.46
...
.80
32
26
dd
dd
8
22
8
93
dd
88
93
47
35
21
dd
110.13
177.64
49.59
13.97
61.32
58.38
27.80
95.47
26.84
32.93
48.37
25.64
24.47
48.74
3.60
–6.20
+1.94
+0.44
+1.04
–0.10
–2.44
–0.26
–4.39
+2.69
+0.43
+1.03
–0.76
–0.88
+3.04
–0.02
3.36
7.94
–12.76
–7.47
...
2.57
2.25
2.34
–9.90
–2.02
–9.23
.29
.82
1.88
–.83
4.91
6.65
–1.12
–4.10
7.23
2.48
3.44
.87
–.94
1.79
1.23
.17
.81
...
–.19
5.23
7.45
.36
–3.53
7.41
2.52
3.66
1.58
–.10
2.13
2.37
.10
.84
...
.13
1.3721
.41
...
...
3.6744
.17
...
.8125
.05
...
...
.1183
.31
.227
...
S
M20
BARRON’S
January 15, 2018
New York Stock Exchange Composite List
For personal Do not edit or alter. Reproductions not permitted.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or
52-Week
High Low Name
14.40
20.00
16.50
110.71
26.47
8.75
14.39
22.44
1.85
1.79
4.00
50.65
19.02
23.78
36.21
66.14
72.89
87.84
29.36
55.52
48.06
89.87
10.14
4.79
110.12
24.15
16.99
13.70
3.48
5.33
50.62
11.76
20.13
20.97
19.77
42.40
9.14
122.98
27.43
54.21
84.98
4.75
50.00
38.62
53.79
139.06
47.39
23.44
34.17
433.90
50.01
16.10
123.94
55.07
7.19
85.30
33.80
187.35
61.62
77.40
68.07
39.71
15.45
65.37
40.43
143.68
29.44
185.47
10.97
10.85
1.99
64.20
14.70
23.98
27.45
55.77
50.82
57.95
38.40
4.74
53.51
50.32
66.99
86.87
10.13
24.71
46.72
146.09
23.47
82.85
96.70
60.28
11.28
30.75
9.65
49.56
19.90
3.54
54.73
110.00
174.87
128.00
28.90
11.70
11.90
14.78
23.01
107.57
23.54
20.50
18.15
92.97
93.39
26.50
48.03
68.72
24.80
56.46
11.58
25.34
164.20
68.80
32.17
9.53
19.39
10.65
17.27
12.82
74.37
14.05
6.04
3.58
14.65
0.73
0.74
1.95
39.42
11.12
19.90
26.92
55.86
37.10
61.02
17.69
37.16
36.26
60.21
5.70
2.99
81.48
13.88
10.79
9.10
0.15
2.61
41.22
5.02
10.42
11.22
12.00
21.35
4.49
99.71
17.50
38.71
71.21
1.68
38.49
28.67
36.34
81.29
30.12
20.13
24.68
280.14
37.58
12.30
48.02
29.85
4.27
46.09
19.89
150.15
39.82
35.68
51.25
22.31
5.80
46.44
29.76
99.57
11.28
140.83
10.20
9.85
1.42
30.30
10.85
9.90
15.95
47.10
29.16
38.63
29.04
1.50
44.44
32.63
48.71
72.32
4.90
16.83
38.42
98.11
16.80
62.33
51.85
30.32
6.64
22.95
5.42
13.84
16.30
1.45
40.56
84.30
117.42
100.00
22.25
9.00
6.75
7.75
20.78
74.45
16.18
15.55
12.50
68.51
65.27
21.00
34.48
41.93
11.36
16.50
5.52
14.16
119.17
44.80
22.71
6.93
14.23
SafeguardSci
SafetyIncome
SailPointTechs
Salesforce.com
SallyBeauty
SanJuanBasin
SanchezEnergy
SandRidgeEnergy
SandRidgeMS
SandRidgeMS II
SandRidgePermian
Sanofi
SantanderCons
SaratogaInvt
Sasol
SaulCenters
Scana
Schlumberger
SchneiderNatl
SchwabC
SchweitzerMaud
ScienceApplicat
ScorpioBulkers
ScorpioTankers
ScottsMiracleGro
ScrippsEW
Sea
SeabridgeGold
SeaDrill
SeadrillPartners
SealedAir
Seaspan
SeaWorldEnt
SelectEnergySvcs
SelectMedical
Semgroup
SemicondctrMfg
SempraEnergy
SendGrid
SensataTech
SensientTech
SequansComms
SeritageGrowth
ServiceCorp
ServiceMaster
ServiceNow
ShakeShack
ShawComm B g
ShellMidstream
SherwinWilliams
ShinhanFin
ShipFinance
Shopify
Shutterstock
Sibanye-Stillwater
SignetJewelers
SilverBowRscs
SimonProperty
SimpsonMfg
SiteOneLandscape
SixFlags
SkechersUSA
Smart&FinalStores
SmithAO
Smith&Nephew
Smucker
Snap
SnapOn
SocialCapHed
SocialCapHed
SocialCapHedWt
SOQUIMICH
Sogou
SolarisOilfield
SonicAutomotive
SonocoProducts
Sony
Sotheby's
SoJerseyInd
SouthcrossEner
Southern
SoCopper
SouthwestAir
SouthwestGas
SouthwesternEner
Sparton
SpectraEnerPtrs
SpectrumBrands
SpeedwayMotor
Spire
SpiritAeroSys
SpiritAirlines
SpiritRealtyCap
SpragueRscs
Sprint
Square
St.Joe
StageStores
StandardMotor
StandexInt
StanleyBlackDck
StanleyBlackDeckUn
Stantec g
StarGroup
Starrett A
Startek
StarwoodProp
StateStreet
Statoil
SteelPartners
Steelcase
Stepan
Steris
SterlingBancorp
StewartInfo
StifelFinancial
STMicroelec
StoneEnergy
StoneMorPtrs
Stoneridge
Stryker
SturmRuger
SuburbanPropane
SumitomoMits
SummitHotelProp
- Earnings Tick
- Week’s - Last This Next Div
Sym Yld P/E Last Chg. Year Year Year Amt
SFE
SAFE
SAIL
CRM
SBH
SJT
SN
SD
SDT
SDR
PER
SNY
SC
SAR
SSL
BFS
SCG
SLB
SNDR
SCHW
SWM
SAIC
SALT
STNG
SMG
SSP
SE
SA
SDRL
SDLP
SEE
SSW
SEAS
WTTR
SEM
SEMG
SMI
SRE
SEND
ST
SXT
SQNS
SRG
SCI
SERV
NOW
SHAK
SJR
SHLX
SHW
SHG
SFL
SHOP
SSTK
SBGL
SIG
SBOW
SPG
SSD
SITE
SIX
SKX
SFS
AOS
SNN
SJM
SNAP
SNA
IPOA.U
IPOA
IPOA.WS
SQM
SOGO
SOI
SAH
SON
SNE
BID
SJI
SXE
SO
SCCO
LUV
SWX
SWN
SPA
SEP
SPB
TRK
SR
SPR
SAVE
SRC
SRLP
S
SQ
JOE
SSI
SMP
SXI
SWK
SWP
STN
SGU
SCX
SRT
STWD
STT
STO
SPLP
SCS
SCL
STE
STL
STC
SF
STM
SGY
STON
SRI
SYK
RGR
SPH
SMFG
INN
...
3.3
...
...
...
10.3
...
...
18.7
20.6
16.1
3.7
.6
8.7
3.3
3.5
5.6
2.6
.7
.6
3.6
1.6
...
1.2
2.0
...
...
...
...
10.1
1.3
6.9
...
...
...
6.2
...
3.1
...
...
1.8
...
2.5
1.6
...
...
...
4.4
4.2
.8
...
8.9
...
...
4.2
2.2
...
4.5
1.4
...
4.1
...
...
.9
1.4
2.5
...
1.8
...
...
...
1.4
...
...
.9
2.9
...
...
3.8
...
5.2
2.0
.8
2.6
...
...
6.7
1.4
3.1
3.3
.4
...
8.9
9.7
...
...
...
11.4
1.6
.7
1.5
4.3
1.4
4.1
4.5
...
9.2
1.6
...
...
3.3
1.1
1.4
1.1
2.6
.6
1.0
...
...
...
1.2
1.6
9.3
...
4.5
dd
dd
dd
cc
12
11
dd
dd
4
4
5
22
10
10
16
36
14
cc
...
36
20
21
dd
dd
35
75
...
dd
dd
1
32
16
dd
...
25
dd
34
24
dd
30
30
dd
dd
20
31
dd
75
27
24
38
8
...
dd
65
dd
9
10
29
29
66
33
24
88
32
19
25
dd
19
...
...
...
48
71
...
...
20
28
27
62
dd
82
32
19
22
9
dd
15
24
23
20
34
15
cc
14
dd
dd
54
dd
20
29
22
...
37
27
99
72
13
19
dd
dd
15
21
55
21
22
27
35
dd
dd
9
34
16
42
10
19
11.15
17.93
16.45
110.24
18.37
8.54
5.99
21.16
.96
1.01
2.36
44.78
18.79
22.43
36.20
58.64
44.05
77.97
28.98
55.39
47.26
78.25
7.85
3.23
108.01
16.04
12.97
11.10
.28
3.95
48.86
7.28
14.84
20.90
18.00
29.25
8.00
106.89
25.68
54.16
72.09
2.05
40.45
38.07
53.22
138.19
43.15
21.78
30.53
432.84
50.01
15.70
112.80
44.53
5.48
56.94
32.82
165.51
58.90
71.48
67.97
38.55
8.50
65.32
35.17
123.43
14.11
183.59
10.65
10.05
1.80
62.73
12.33
21.79
22.25
54.19
50.03
52.71
29.71
1.95
44.84
49.93
65.36
75.75
5.47
23.17
43.68
120.48
19.60
68.90
96.55
48.26
8.10
25.70
5.69
41.25
17.95
1.75
46.50
104.55
173.42
124.65
28.25
10.79
8.95
10.12
20.94
107.24
23.52
20.25
15.40
79.31
91.67
25.95
46.05
67.48
24.23
36.33
5.62
24.12
158.23
54.05
25.74
9.52
15.28
–0.10
+0.18
+1.80
+2.14
+0.13
+0.29
+0.63
+0.36
+0.02
+0.01
+0.21
+0.11
–0.06
+0.31
+1.50
–0.20
–0.97
+4.37
+1.28
+3.38
+1.43
+0.26
–0.05
+0.03
+0.36
+0.72
–0.92
–0.05
+0.02
–0.01
–0.56
+0.18
+1.00
+2.41
...
+1.35
–0.12
–1.56
–0.55
+2.00
–2.31
–0.03
+0.30
–0.02
+0.82
+3.18
–1.02
–1.32
+0.44
+11.18
+2.20
+0.20
+2.22
+0.34
+0.16
+0.01
+2.16
–2.64
+0.92
–1.44
+2.27
+0.75
–0.25
+2.33
–0.35
–2.12
–0.39
+5.14
+0.02
–0.02
–0.04
–0.34
–0.20
–1.67
+2.50
+0.17
+1.33
+1.37
–0.97
+0.10
–1.94
+0.81
+1.04
–3.09
–0.12
–0.03
+2.09
+0.59
+0.72
–2.80
+6.64
+4.63
–0.08
–0.65
–0.11
+0.11
–0.30
–0.15
+0.53
+2.05
+2.84
+1.16
...
+0.08
+0.30
+0.04
+0.02
+8.67
+0.88
–0.10
+0.20
–0.10
+4.72
+0.75
+0.92
+2.94
+0.89
+4.52
–0.46
+0.12
–2.83
+0.70
–0.79
+0.41
+0.23
–1.09
.36
–.29
.26
1.56
.30
–4.63
55.54
.54
.40
.54
2.02
2.13
1.98
...
1.52
4.16
–1.24
30.00
1.31
2.70
3.22
–2.22
–.15
3.63
.79
...
–.11
–.36
3.20
2.46
–1.89
–.15
–.05
.87
.04
.45
5.46
–.09
1.54
2.82
–.39
–1.64
.90
1.13
–2.75
.53
...
1.32
11.99
4.95
1.57
–.42
.91
.71
7.08
69.16
5.60
1.86
–3.01
1.25
1.57
.17
1.85
1.75
5.10
–.51
9.20
...
...
...
1.06
...
.07
...
2.81
.54
1.27
1.56
–1.48
2.55
1.00
3.55
3.18
–6.32
.13
2.84
5.02
.96
3.43
3.70
3.76
.21
.40
–.30
–.50
.21
–1.40
2.62
3.65
6.51
...
.92
.46
.14
.02
1.50
4.97
–.91
.25
1.03
3.73
1.28
1.07
1.85
1.00
.19
–599.27
–.94
2.74
4.35
4.59
.62
.95
1.00
–3.52
–.03
.05
1.34
1.97
...
–.70
1.65
...
...
...
3.32
1.87
2.21
2.64
...
4.06
1.46
.93
1.61
3.15
3.62
–.58
–.39
4.36
–.08
–1.43
...
.08
1.79
1.80
.72
–2.27
.05
.78
–.18
.15
5.29
.03
3.17
3.40
–.27
...
1.51
2.10
1.20
.52
1.00
1.25
14.79
6.31
1.10
.05
1.19
–.26
6.47
4.78
6.08
1.97
1.31
2.13
1.72
.43
2.13
1.75
7.85
–3.00
10.08
...
...
...
1.64
.27
.53
1.83
2.79
2.74
2.08
1.15
...
2.96
1.86
3.49
3.47
.42
...
3.49
6.18
.95
3.72
5.20
3.10
.19
2.43
–.01
.26
...
...
2.67
5.10
7.40
...
1.50
...
...
.08
2.21
6.23
1.29
...
.84
4.34
4.05
1.37
2.11
3.49
.90
–7.09
...
1.52
6.48
3.09
1.50
.88
.87
–2.37
.23
.03
1.73
2.09
...
1.04
2.13
...
...
...
3.39
2.18
2.16
2.76
...
3.19
2.20
1.31
2.32
3.39
3.94
–.13
.26
4.85
.71
–1.77
...
–.42
1.22
2.45
1.04
.34
1.17
1.06
.55
.19
5.56
–.03
3.57
3.74
–.17
...
1.58
2.32
1.80
.57
1.11
1.53
18.27
6.04
1.02
.27
1.33
.61
6.45
5.81
6.98
2.43
1.80
2.30
2.16
.51
2.40
1.86
8.35
–1.10
11.15
...
...
...
1.80
.38
1.52
2.15
3.10
2.90
2.45
1.44
...
3.01
2.32
4.91
3.64
.80
...
3.35
6.91
1.02
3.86
5.56
3.42
.26
2.69
.03
.45
...
...
3.27
5.79
8.36
...
1.75
...
...
.32
2.18
7.37
1.28
...
.99
4.72
4.51
1.90
3.07
4.61
1.19
1.54
...
1.59
7.12
4.13
1.73
.88
.58
...
.15
...
...
...
.0733
...
...
.0449
.052
.095
1.6406
.03
.49
.6016
.52
.6125
.50
.05
.08
.43
.31
.02
.01
.53
...
...
...
...
.10
.16
.125
...
...
...
.45
...
.8225
...
...
.33
...
.25
.15
...
...
...
.0795
.318
.85
...
.35
...
...
.1146
.31
...
1.85
.21
...
.70
...
...
.14
.246
.78
...
.82
...
...
...
.4431
...
...
.05
.39
...
...
.28
...
.58
.25
.125
.495
...
...
.7262
.42
.15
.5625
.10
...
.18
.6225
...
...
...
.05
.19
.18
.63
1.34
.0984
.11
.10
...
.48
.42
.2201
...
.1275
.225
.31
.07
.30
.10
.06
...
.33
...
.47
.21
.60
...
.17
52-Week
High Low Name
- Earnings Tick
- Week’s - Last This Next Div
Sym Yld P/E Last Chg. Year Year Year Amt
32.59
26.50
96.08
42.11
13.43
20.25
38.39
32.67
17.46
68.95
34.00
24.75
18.81
27.39
31.29
16.20
24.90
40.17
141.94
51.18
62.79
34.91
21.88
18.30
77.12
32.22
7.66
13.50
27.96
23.09
14.15
51.96
18.87
9.86
7.66
13.95
14.55
13.00
15.77
26.01
101.48
37.95
48.85
7.05
SummitMaterials
SummitMidstream
SunComms
SunLifeFinancial g
SunCokeEnergy
SunCokeEnerPtrs
SuncorEnergy g
Sunoco
SunstoneHotelInv
SunTrustBanks
SunTrustBanksWtA
SunTrustBanksWtB
SuperiorEnergy
SuperiorIndsIntl
Supervalu
SutherlandAsset
Switch
SynchronyFin
Synnex
SynovusFin
Sysco
Systemax
SUM
SMLP
SUI
SLF
SXC
SXCP
SU
SUN
SHO
STI
STI.WS.A
STI.WS.B
SPN
SUP
SVU
SLD
SWCH
SYF
SNX
SNV
SYY
SYX
36.16
22.29
5.36
65.03
100.70
17.07
38.50
34.46
20.48
80.92
10.58
10.25
10.44
9.89
20.70
19.55
82.32
9.68
24.11
43.02
29.50
55.50
35.83
48.85
61.83
77.00
128.46
40.34
73.41
28.42
36.35
36.14
30.79
11.77
21.40
6.30
2.70
24.41
38.40
5.10
40.19
10.53
8.66
193.62
271.23
16.85
11.64
36.19
32.98
68.05
37.21
22.72
76.80
70.96
39.34
46.48
48.92
115.86
38.54
5.09
37.94
544.93
24.75
60.19
211.54
26.50
17.10
48.61
159.17
23.70
246.00
89.06
3.90
2.65
20.72
108.90
16.57
19.70
103.90
53.10
23.00
14.23
52.41
39.68
77.70
93.34
73.86
60.54
59.41
82.57
33.65
13.01
137.29
6.60
51.85
35.00
295.00
49.31
15.95
12.34
14.58
0.91
48.55
68.82
11.59
31.28
22.17
12.93
66.44
10.05
9.66
10.14
9.66
18.61
11.69
44.02
4.15
9.40
29.22
21.79
41.13
21.81
34.33
39.59
48.56
94.00
28.97
44.78
18.26
10.45
24.53
14.56
5.14
14.05
1.65
1.30
18.59
15.65
1.83
18.71
7.50
6.27
119.67
162.79
13.06
9.37
28.10
24.57
39.57
25.91
12.25
60.05
51.54
27.05
25.80
28.67
75.20
26.30
1.85
10.85
259.00
9.15
43.66
140.00
15.74
11.05
42.22
87.96
7.92
173.55
20.37
1.00
0.82
15.96
77.15
8.02
9.90
85.88
41.78
12.48
7.97
30.67
34.30
36.09
72.59
57.17
45.18
48.15
49.98
21.00
7.00
103.62
5.00
45.07
12.80
203.72
37.40
7.20
TAL Education
TCF Fin
TCF Fin Wt
TC PipeLines
TE Connectivity
Tegna
Telus g
Ternium
TIM Part
TJX
TPG PaceEnergy
TPGPaceEnergyA
TPGPace
TPG Pace
TPG RE Fin
TRI Pointe
TableauSftwr
TahoeResources
TailoredBrands
TaiwanSemi
TallgrassEnerGP
TallgrassEnPtrs
Tanger
Tapestry
TargaResources
Target
TaroPharm
TataMotors
TaubmanCtrs
TaylorMorrison
Team
TechnipFMC
TeckRscsB g
Teekay
TeekayLNG un
TeekayOffshore
TeekayTankers
TejonRanch
Teladoc
Telaria
TelecomArgentina
TelecomItalia
TelecomItalia A
TeledyneTech
Teleflex
TelefonicaBras
Telefonica
TelekmIndonesia
Telephone&Data
TempurSealy
Tenaris
TenetHealthcare
Tennant
Tenneco
Teradata
Teradyne
Terex
TerraNitrogen
TerrenoRealty
TetraTech
TevaPharm
TexasPacLand
Textainer
Textron
ThermoFisherSci
Thermon
ThirdPointReins
ThomsonReuters
ThorIndustries
3D Systems
3M
Tidewater
TidewaterWtA
TidewaterWtB
TierReit
Tiffany
Tilly's
TimeInc.
TimeWarner
Timken
TimkenSteel
TItanIntl
Toll Bros
TootsieRoll
TopBuild
Torchmark
Toro
TorontoDomBk g
Total
TotalSystem
TowerIntl
TownsquareMedia
ToyotaMotor
Transalta g
TransCanada g
TrancntlRlty
TransDigm
Transmontaigne
Transocean
TAL
TCF
TCF.WS
TCP
TEL
TGNA
TU
TX
TSU
TJX
TPGE.U
TPGE
TPGH.U
TPGH
TRTX
TPH
DATA
TAHO
TLRD
TSM
TEGP
TEP
SKT
TPR
TRGP
TGT
TARO
TTM
TCO
TMHC
TISI
FTI
TECK
TK
TGP
TOO
TNK
TRC
TDOC
TLRA
TEO
TI
TI.A
TDY
TFX
VIV
TEF
TLK
TDS
TPX
TS
THC
TNC
TEN
TDC
TER
TEX
TNH
TRNO
TTI
TEVA
TPL
TGH
TXT
TMO
THR
TPRE
TRI
THO
DDD
MMM
TDW
TDW.WS.A
TDW.WS.B
TIER
TIF
TLYS
TIME
TWX
TKR
TMST
TWI
TOL
TR
BLD
TMK
TTC
TD
TOT
TSS
TOWR
TSQ
TM
TAC
TRP
TCI
TDG
TLP
RIG
...
10.2
3.1
3.4
...
12.2
2.7
10.5
1.2
2.3
...
...
...
2.2
...
9.8
...
1.5
1.0
1.2
2.3
1.3
48
15
cc
13
cc
dd
23
dd
26
18
...
...
dd
dd
19
8
19
15
19
21
28
cc
31.85
22.50
87.19
41.95
13.05
19.45
37.97
31.59
16.64
68.89
34.00
24.75
11.31
16.50
16.33
15.15
17.25
39.37
137.97
50.96
61.38
31.00
+0.22
+0.65
–2.72
+0.09
+0.99
+1.85
+0.15
+3.08
+0.23
+2.98
+2.80
+3.00
+0.26
+0.55
–4.56
–0.05
–0.32
–0.37
–1.07
+1.59
–0.07
–0.52
.52
–.71
.26
3.06
.22
2.07
.20
–5.26
.55
3.60
...
...
–5.85
1.62
17.01
1.85
.87
2.71
7.51
1.89
2.08
–.87
.94
1.65
.91
3.25
.02
–1.93
1.38
1.36
.64
4.07
...
...
–1.63
.94
2.25
1.42
.01
2.58
10.27
2.47
2.79
1.29
1.43
.95
1.33
3.52
.08
1.62
1.33
2.38
.51
4.84
...
...
–.81
1.02
2.36
1.57
.24
3.42
10.82
3.32
3.15
1.55
...
.575
.67
.3565
...
.594
.2523
.8255
.58
.40
...
...
...
.09
...
.37
.014
.15
.35
.15
.36
1.50
cc
19
...
18
21
32
23
9
31
21
...
...
...
...
...
17
dd
15
16
19
32
12
41
28
dd
16
13
15
60
15
dd
...
10
dd
26
dd
dd
dd
dd
dd
20
...
...
33
48
19
18
18
dd
21
cc
dd
cc
19
78
21
dd
14
44
dd
dd
60
cc
26
36
58
8
30
19
dd
27
dd
...
...
dd
29
29
dd
18
21
dd
dd
16
34
38
20
28
14
17
36
9
12
12
cc
31
dd
37
17
dd
31.08
22.22
5.30
55.17
100.17
15.04
37.72
34.37
19.96
78.28
10.15
9.75
10.25
9.70
18.87
19.23
74.52
4.93
22.21
41.19
25.85
46.32
25.13
45.78
51.44
76.80
105.77
34.32
62.50
27.75
16.20
34.80
30.64
10.54
21.25
2.82
1.38
21.16
32.65
4.74
38.77
9.17
7.70
193.28
263.18
15.72
9.95
31.34
27.16
63.95
34.54
16.25
73.50
64.69
38.32
44.60
48.80
86.81
34.13
4.39
22.07
528.05
24.75
60.15
210.17
24.50
14.15
43.59
156.50
11.19
244.47
28.80
3.04
2.48
19.63
108.46
14.42
18.50
92.05
52.20
18.52
13.95
51.58
35.70
76.89
92.25
66.98
58.86
59.33
82.00
31.45
7.90
137.20
5.68
47.86
34.00
292.50
41.17
12.20
–1.54
+1.21
+1.00
+1.59
+0.57
+0.51
–0.30
+0.80
–0.40
+1.13
–0.10
–0.01
–0.04
–0.05
+0.07
–0.19
+4.24
+0.01
+0.93
–1.27
+0.92
+1.68
–0.79
+0.37
+2.99
+10.25
+1.57
+0.45
–1.76
+0.39
–0.10
+2.31
+3.31
+0.49
+0.75
+0.22
+0.03
+0.31
–4.85
+0.37
+0.74
+0.16
+0.12
+6.97
+5.45
+0.30
–0.08
–0.33
–0.96
+1.50
+1.40
+0.81
–0.10
+1.36
–0.51
–1.01
+1.85
+1.05
–0.37
+0.05
+2.85
+76.93
+2.75
+1.65
+7.78
+0.29
+0.30
–0.65
+1.63
+1.80
+3.90
+1.42
+0.44
+0.18
–0.10
+1.89
+0.41
–0.05
–1.55
+1.10
+1.91
+0.80
+0.37
–0.45
–0.62
+1.19
+0.31
–1.49
+1.56
+2.06
–0.35
+0.22
+3.34
–0.23
–1.61
+0.50
+17.59
+1.29
+0.59
.24
1.15
...
3.21
4.70
1.99
1.55
2.97
.45
3.46
...
...
...
...
2.09
1.21
–1.92
.41
.51
2.00
.55
2.23
2.01
2.09
–1.80
4.70
11.05
1.64
1.77
1.69
–.45
–10786
1.36
–1.62
1.69
–.25
.40
.03
–1.75
–.40
1.37
.88
.99
5.37
4.98
.73
.46
1.47
.39
3.38
.10
–1.93
2.59
6.31
.95
–.21
–1.63
7.56
.26
–1.85
.07
4.66
–.89
3.53
5.09
.45
.26
4.14
7.09
–.35
8.16
–440.43
...
...
–.62
3.55
.40
–.49
4.96
1.92
–2.39
–.81
3.17
1.05
1.92
4.49
2.41
4.21
2.51
1.73
1.82
.85
11.18
.31
.12
–.10
7.88
2.14
2.05
.32
.72
...
3.15
5.28
1.05
2.07
4.44
.63
3.93
...
...
...
...
1.94
1.37
.18
.31
2.08
2.20
.57
3.93
.83
2.39
–1.49
4.66
...
2.17
1.03
1.88
–.83
...
3.44
–1.16
1.26
–.06
–.12
...
–1.62
–.22
2.32
.88
.88
6.14
8.36
.90
.84
1.74
–1.27
3.24
.64
.67
1.55
6.70
1.28
2.22
1.27
...
.87
–.13
3.85
...
.33
2.46
9.36
.53
2.71
2.47
9.13
–.04
9.05
–4.43
...
...
1.89
3.99
.65
1.08
6.24
2.61
–.54
–.51
3.91
...
2.74
4.80
2.64
4.61
4.18
3.34
3.73
.72
11.67
–.05
2.36
...
13.44
2.33
–.28
.54
1.64
...
3.35
5.70
1.59
2.24
4.09
.84
4.38
...
...
...
...
1.81
1.74
.20
.40
2.14
2.46
1.16
2.89
1.08
2.76
–.03
4.95
...
3.42
1.03
2.41
.32
...
2.78
.55
1.92
.29
.05
...
–1.23
.04
2.45
.97
.97
7.05
9.64
1.10
.93
1.88
.45
3.89
.98
1.18
1.89
7.47
1.42
2.35
2.24
...
.49
.04
2.99
...
1.20
2.95
10.60
.77
2.12
2.64
10.16
.20
9.86
–2.89
...
...
–.10
4.45
.68
1.29
6.58
3.13
.83
.27
4.27
...
3.65
5.88
2.92
4.95
4.50
3.74
4.04
.99
12.04
.06
2.60
...
14.95
3.20
–1.00
.0833
.075
...
1.00
.40
.07
.3975
1.00
.1215
.3125
...
...
...
...
.38
...
...
.02
.18
1.1512
.3675
.965
.3425
.3375
.91
.62
...
...
.625
...
...
.13
.3141
.055
.14
.01
.03
...
...
...
1.1371
...
.3061
...
.34
.2723
.2354
.1466
.155
...
.26
...
.21
.25
...
.07
.08
1.36
.22
...
.085
1.00
...
.02
.15
...
...
.345
.37
...
1.175
...
...
...
.18
.50
.70
.04
.4025
.27
...
.005
.08
.09
...
.15
.20
.4699
.734
.13
.12
...
...
.0313
.492
...
22.00
.755
...
T
...
1.4
...
7.3
1.6
1.9
4.2
2.9
...
1.6
...
...
...
...
8.1
...
...
4.9
3.2
2.8
5.7
8.3
5.5
2.9
7.1
3.2
...
...
4.0
...
...
1.5
.5
2.1
2.6
1.4
8.7
...
...
...
2.9
...
4.0
...
.5
...
4.7
2.3
2.3
...
1.5
...
1.1
1.5
...
.6
.7
6.3
2.6
...
1.5
.1
...
.1
.3
...
...
3.2
.9
...
1.9
...
...
...
3.7
1.8
...
.9
1.7
2.1
...
.1
.6
1.0
...
.7
1.2
3.2
4.9
.6
1.5
...
...
2.2
4.1
...
...
7.3
...
52-Week
High Low Name
- Earnings Tick
- Week’s - Last This Next Div
Sym Yld P/E Last Chg. Year Year Year Amt
24.00
57.38
137.95
16.17
14.35
24.00
90.42
120.40
20.35
43.55
45.25
38.25
80.25
29.43
14.41
43.85
34.80
28.40
29.50
5.27
74.36
10.39
22.99
3.80
33.00
34.95
25.85
21.08
188.65
84.65
9.66
31.38
113.76
11.38
10.13
14.65
40.26
61.57
8.91
27.75
24.09
25.01
57.70
15.05
12.27
18.47
19.65
11.04
19.30
3.82
54.48
6.88
12.31
2.44
22.60
22.80
14.12
15.21
143.38
57.20
TransportadGas
TransUnion
Travelers
TravelportWorldwd
TrecoraResources
Tredegar
TreeHouseFoods
Trex
TriangleCap
TribuneMediaA
TriNet
TrinityIndustries
Trinseo
Triple-S Mgmt
TriplePtVent
TritonIntl
TriumphGroup
Tronox
TrueBlue
TsakosEnergy
Tupperware
TurkcellIletism
TurningPoint
TurquoiseHill
TutorPerini
Twilio
Twitter
TwoHarbors
TylerTech
TysonFoods
TGS
TRU
TRV
TVPT
TREC
TG
THS
TREX
TCAP
TRCO
TNET
TRN
TSE
GTS
TPVG
TRTN
TGI
TROX
TBI
TNP
TUP
TKC
TPB
TRQ
TPC
TWLO
TWTR
TWO
TYL
TSN
...
...
2.1
2.2
...
2.2
...
...
11.8
2.3
...
1.4
1.8
...
10.9
4.3
.5
.8
...
4.9
4.2
3.1
...
...
...
...
...
12.0
...
1.5
19.61
40.71
52.00
17.90
52.84
19.78
45.75
16.30
32.96
41.18
78.00
61.49
25.39
30.58
26.92
39.21
176.15
61.62
60.13
141.81
15.15
28.48
83.04
2.73
134.33
182.86
57.12
41.83
136.58
231.77
33.15
83.35
84.90
129.74
29.45
3.87
58.73
28.90
18.92
23.94
76.15
15.10
34.41
45.04
13.65
43.03
14.30
32.29
9.00
25.43
25.60
56.50
24.26
20.09
11.40
10.36
26.03
124.85
40.06
40.31
101.06
6.90
15.29
56.51
1.76
102.12
100.62
49.54
18.55
106.85
156.09
26.80
50.80
59.11
95.26
15.08
2.21
43.55
23.13
15.68
18.32
52.55
UBS Group
UDR
UGI
UMH Prop
Unitil
USA Compression
US Cellular
USD Partners
US Foods
USG
US PhysTherapy
US Silica
UltraparPart
UnderArmour A
UnderArmour C
Unifi
Unifirst
Unilever
Unilever
UnionPacific
Unisys
Unit
UnitedContinental
UnitedMicro
UPS B
UnitedRentals
US Bancorp
US Steel
UnitedTech
UnitedHealth
Univar
Universal
UniversalHealth
UniversalHealthB
UnivInsurance
UnvlTechInst
UnumGroup
UrbanEdgeProp
UrstadtBiddle
UrstadtProp A
UsanaHealth
UBS
UDR
UGI
UMH
UTL
USAC
USM
USDP
USFD
USG
USPH
SLCA
UGP
UAA
UA
UFI
UNF
UN
UL
UNP
UIS
UNT
UAL
UMC
UPS
URI
USB
X
UTX
UNH
UNVR
UVV
UHT
UHS
UVE
UTI
UNM
UE
UBP
UBA
USNA
3.1
3.5
2.1
5.2
3.3
12.0
...
11.8
...
...
1.1
.7
2.2
...
...
...
.1
...
3.1
1.9
...
...
...
3.4
2.5
...
2.1
.5
2.1
1.3
...
4.3
4.0
.3
2.0
...
1.6
3.7
5.4
5.4
...
9.12
78.70
120.48
6.15
1.41
237.77
13.57
24.43
97.00
51.00
7.28
58.76
12.82
0.40
176.35
25.63
78.25
114.09
23.14
69.86
35.58
21.88
68.07
26.90
72.36
21.48
62.60
53.69
43.45
17.80
42.74
61.85
41.59
35.50
15.49
23.45
28.60
29.42
21.20
23.85
6.09
133.33
32.23
11.00
90.29
6.37
7.39
48.05
80.76
3.15
0.68
159.98
7.47
8.31
60.69
39.52
2.13
41.15
10.61
0.04
138.30
20.99
59.10
76.29
18.70
53.65
20.73
13.78
41.30
17.85
54.77
16.80
20.35
42.80
29.91
3.17
26.72
42.05
30.42
2.80
7.79
15.35
15.10
12.36
14.50
2.95
2.65
81.11
19.02
5.74
71.87
2.61
VEREIT
VF
Visa
VOC Energy
VaalcoEnergy
VailResorts
Vale
ValeantPharm
ValeroEnergy
ValeroEnergyPtrs
Valhi
Validus
ValleyNatlBncp
ValleyNatlWt
ValmontInds
Valvoline
Vantiv
VarianMed
VectorGroup
Vectren
Vectrus
Vedanta
VeevaSystems
VenatorMaterials
Ventas
VeriFoneSystems
Veritiv
Verizon
VermilionEnergy g
Verso
VersumMaterials
Viad
VinaConcha
VinceHolding
Vipshop
Vishay
VishayPrecision
VistaOutdoor
VistraEnergy
VitaminShoppe
VivintSolar
VMware
VoceraComm
Vonage
VornadoRealty
voxeljet
VER
VFC
V
VOC
EGY
MTN
VALE
VRX
VLO
VLP
VHI
VR
VLY
VLY.WS
VMI
VVV
VNTV
VAR
VGR
VVC
VEC
VEDL
VEEV
VNTR
VTR
PAY
VRTV
VZ
VET
VRS
VSM
VVI
VCO
VNCE
VIPS
VSH
VPG
VSTO
VST
VSI
VSLR
VMW
VCRA
VG
VNO
VJET
7.4
2.4
.6
6.4
...
1.9
...
...
2.9
4.1
1.3
3.3
3.6
...
.9
1.2
...
...
7.4
3.0
...
10.1
...
...
5.8
...
...
4.6
5.2
...
.5
.7
1.1
...
...
1.2
...
...
...
...
...
...
...
...
3.3
...
26
44
16
19
cc
11
dd
38
20
dd
22
25
12
...
9
...
dd
38
20
19
24
14
13
32
14
dd
dd
5
55
16
23.00
57.05
134.73
13.70
13.85
19.80
48.87
117.21
10.16
43.35
42.07
37.15
78.55
24.86
13.23
41.85
29.35
21.50
27.40
4.05
64.90
9.68
22.38
3.57
27.50
26.16
25.41
15.70
187.95
79.90
+0.01
+0.13
+2.57
+1.06
–0.30
+0.50
–0.83
+5.87
+0.75
+1.48
–2.31
+0.56
+1.10
–0.37
+0.26
+2.85
+1.90
+0.47
–0.15
+0.07
+1.53
–0.54
+1.18
+0.06
+1.80
+0.40
+1.09
–0.29
+3.56
–0.93
.39
.65
10.28
.13
.78
.75
–4.10
2.29
.94
.16
.85
2.25
6.84
...
.69
...
–.87
–.50
–.37
.47
4.41
.56
1.49
.10
1.92
–.78
–.65
2.02
2.82
4.79
.74
1.86
6.70
1.32
.28
...
2.73
3.14
1.51
1.12
1.99
1.48
7.65
...
1.63
2.74
2.47
.02
1.71
.05
4.75
.72
1.15
.04
1.83
–.23
.41
2.08
3.90
5.79
1.64
2.14
10.21
1.44
.69
...
2.81
3.76
1.33
1.64
1.99
1.32
8.36
...
1.48
3.78
2.89
.82
1.87
.44
5.16
.85
1.48
.05
2.63
–.09
.46
1.83
4.34
6.13
...
...
.72
.075
...
.11
...
...
.30
.25
...
.13
.36
...
.36
.45
.04
.045
...
.05
.68
.2957
.04
...
...
...
...
.47
...
.30
18
cc
19
dd
22
cc
dd
12
28
31
45
48
26
47
44
21
46
25
25
25
dd
44
12
19
33
26
17
58
21
25
cc
23
21
16
12
dd
14
24
22
22
20
19.59
35.70
47.34
13.98
44.07
17.45
37.01
11.65
32.45
39.53
74.95
38.00
24.05
15.12
14.14
36.36
171.15
55.49
54.52
141.17
8.90
25.35
78.40
2.40
134.09
180.89
56.98
39.14
136.58
228.64
31.65
51.65
67.31
116.65
28.60
2.57
58.59
24.02
17.68
20.13
74.30
+0.80
–1.81
–0.21
–0.29
–0.66
–0.08
–0.67
+0.10
–0.41
–1.01
+1.05
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–3.00
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–0.05
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–0.94
+0.06
–0.98
–0.45
.86
1.08
2.46
–.09
1.94
.27
.56
1.06
1.03
3.46
1.64
–.63
.84
.45
.45
1.78
3.44
2.02
2.02
5.07
–.95
–2.71
6.85
.11
3.87
6.45
3.24
–2.81
6.12
7.25
–.50
.88
1.28
7.14
2.79
–.54
3.95
.91
.90
.90
3.99
1.30
.27
2.53
–.23
2.03
.24
–3.18
1.06
1.38
1.66
2.07
1.51
.89
.19
.19
1.86
5.72
2.62
2.61
5.80
1.38
.53
6.61
.12
6.01
10.56
3.42
1.81
6.40
10.00
1.08
...
...
7.37
2.71
–.78
4.23
.92
.61
.61
3.92
1.49
.28
2.63
–.02
2.09
.54
.72
1.10
1.76
2.16
2.51
3.23
1.06
.23
.23
2.08
6.27
2.84
2.83
7.20
1.66
1.25
6.93
.12
7.06
12.57
4.01
2.90
6.89
11.24
1.54
...
...
7.95
4.02
–.39
5.04
.70
.64
.64
4.34
.6004
.31
.25
.18
.36
.525
...
.345
...
...
.20
.0625
.2691
...
...
...
.0375
.414
.4217
.665
...
...
...
.0822
.83
...
.30
.05
.70
.75
...
.55
.665
.10
.13
...
.23
.22
.24
.27
...
dd
32
44
12
20
38
13
6
21
17
27
dd
18
...
20
17
54
40
65
22
16
18
64
...
33
dd
dd
13
cc
dd
22
15
23
dd
43
32
28
dd
0
dd
11
38
dd
cc
17
dd
7.42
77.80
120.09
5.95
.81
222.31
13.53
23.84
96.75
46.69
6.25
46.61
12.19
.16
170.55
24.94
77.60
108.49
21.55
60.92
31.92
21.67
58.37
23.91
54.83
18.35
29.45
51.86
38.72
16.94
38.97
56.00
41.00
6.46
14.51
21.90
26.75
15.11
18.57
4.90
4.10
132.53
28.50
10.96
71.92
5.20
–0.20
+2.10
+1.23
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+0.06
+15.04
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–0.01
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+1.32
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–0.01
+4.30
+0.01
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–2.38
–0.36
–1.58
+1.22
+0.09
+0.93
+0.46
–3.52
+0.42
+1.10
–0.62
+1.11
+0.31
–0.18
–1.15
+2.31
+0.46
+2.14
+0.06
+0.60
+0.52
–0.11
–0.40
–0.10
+1.27
–2.57
+0.97
–3.52
–0.16
–.29
2.54
2.80
.28
–.45
5.22
.75
–6.94
4.94
2.38
–.05
4.36
.63
...
7.63
1.49
1.32
2.68
.52
2.55
2.16
1.11
.47
–.82
1.86
...
1.30
3.21
–1.04
33.32
1.76
2.09
1.91
–35.00
...
.32
.48
–4.66
53.06
1.04
.16
2.78
–.64
.08
4.34
–.67
...
3.03
4.13
...
...
6.91
1.31
3.81
4.93
2.76
.19
–.26
.69
...
6.98
1.28
3.35
4.30
.66
2.62
1.99
1.65
.91
2.31
2.83
1.48
3.06
3.76
...
–1.01
2.10
2.61
1.82
...
.70
1.42
...
.57
.97
.40
–1.48
5.14
.18
.33
1.28
–1.89
...
3.49
4.82
...
...
7.05
1.20
3.51
6.71
3.08
.71
4.13
.87
...
8.07
1.40
3.78
4.69
.66
2.81
2.22
2.32
1.01
2.89
1.97
1.72
3.31
3.95
...
2.48
2.31
2.89
2.09
...
.75
1.47
...
.83
.79
.33
–1.12
5.59
.54
.37
1.57
–1.14
.1375
.46
.195
.095
...
1.053
.1266
...
.70
.48
.02
.38
.11
...
.375
.0745
...
...
.40
.45
...
1.0983
...
...
.79
...
...
.59
.1672
...
.05
.10
.1151
...
...
.0675
...
...
...
...
...
...
...
...
.60
...
U
V
- Earnings Tick
- Week’s - Last This Next Div
Sym Yld P/E Last Chg. Year Year Year Amt
52-Week
High Low Name
54.63 33.53 VoyaFinancial VOYA .1 dd 54.16 +3.43 –2.13 2.85 4.33 .01
136.82 108.95 VulcanMatls
VMC .7 47 133.97 +2.07 3.09 3.00 4.17 .25
W
156.08
5.10
70.09
146.74
86.89
42.36
72.41
119.12
15.13
24.16
93.81
23.13
80.50
56.46
102.35
4.25
30.49
10.40
33.96
74.20
88.66
210.08
175.16
187.69
79.25
88.06
7.09
59.76
59.70
36.82
67.73
23.77
213.97
63.67
30.04
78.17
15.55
76.15
103.36
57.32
60.25
10.95
47.82
67.44
22.23
114.34
26.25
5.66
27.05
69.29
71.00
36.92
23.06
202.99
948.94
15.15
49.88
18.83
21.43
67.10
66.84
3.84
32.95
33.38
43.32
55.89
58.65
6.40
32.70
53.50
23.70
46.37
33.28
53.27
117.96
103.40
1.81
56.05
97.26
77.81
26.86
59.41
82.44
8.39
16.74
69.20
16.11
56.90
30.08
65.28
0.30
15.10
6.62
28.73
52.29
69.00
137.72
134.08
134.10
59.15
35.36
3.08
44.04
11.61
29.03
31.26
17.55
136.23
49.27
16.15
58.98
6.05
48.95
77.97
49.20
44.64
9.43
33.92
42.68
18.39
58.97
20.65
2.10
22.17
49.23
51.41
29.88
18.32
158.80
834.50
10.80
15.88
8.64
10.36
49.00
46.53
1.11
16.37
26.82
34.74
42.68
24.15
4.50
20.94
32.25
12.15
25.80
19.03
39.52
75.80
WABCO
W&T Offshore
WEC Energy
WEX
WGLHoldings
WNS
W.P.Carey
WPP
WPX Energy
WabashNational
Wabtec
Waddell&ReedFin
WageWorks
Walker&Dunlop
Wal-Mart
WalterInvMgmt
WarriorMetCoal
WashingtonPrime
WashingtonREIT
WasteConnections
WasteMgt
Waters
Watsco
Watsco B
WattsWater
Wayfair
WeatherfordIntl
WebsterFin
WeightWatchers
WeingartenRealty
WeisMarkets
Welbilt
WellCareHealth
WellsFargo
WellsFargo Wt
Welltower
WescoAircraft
WescoIntl
WestPharmSvcs
WestarEnergy
WestAllianceBcp
WesternAssetMort
WesternGasEquity
WesternGasPtrs
WesternUnion
WestlakeChem
WestlakeChemPtrs
WestmorelandRes
WestpacBanking
WestRock
Westwood
Weyerhaeuser
WheatonPrecMet
Whirlpool
WhiteMtnIns
WhitestoneREIT
WhitingPetrol
WideOpenWest
WildHorseResource
Wiley A
Wiley B
Willbros
WilliamLyonHomes
Williams
WilliamsPartners
Williams-Sonoma
Winnebago
Wipro
WolverineWwide
WooriBank
Workiva
WorldFuelSvcs
WW Ent
WorthingtonInds
Wyndham
WBC
WTI
WEC
WEX
WGL
WNS
WPC
WPP
WPX
WNC
WAB
WDR
WAGE
WD
WMT
WAC
HCC
WPG
WRE
WCN
WM
WAT
WSO
WSOB
WTS
W
WFT
WBS
WTW
WRI
WMK
WBT
WCG
WFC
WFC.WS
HCN
WAIR
WCC
WST
WR
WAL
WMC
WGP
WES
WU
WLK
WLKP
WMLP
WBK
WRK
WHG
WY
WPM
WHR
WTM
WSR
WLL
WOW
WRD
JW.A
JW.B
WG
WLH
WMB
WPZ
WSM
WGO
WIT
WWW
WF
WK
INT
WWE
WOR
WYN
47.27
20.96
95.35
22.76
7.75
34.13
8.25
70.79
26.48
3.65
48.40
15.11
3.35
53.50
84.29
46.15
6.06
18.08
37.26
37.71
133.49
23.65
75.69
14.25
33.77
14.99
42.07
16.21
3.70
26.48
4.26
46.67
18.41
2.21
26.93
11.03
1.68
19.85
62.36
25.53
3.35
11.14
29.73
22.20
108.03
10.77
52.00
6.25
XL Group
XO Group
XPO Logistics
XeniaHotels
XeriumTech
Xerox
XinyuanRealEst
Xylem
YPF
YamanaGold
Yelp
Yext
YingliGreenEner
Yirendai
YumBrands
YumChina
YuMe
ZTO Express
ZayoGroup
Zendesk
ZimmerBiomet
Zoe'sKitchen
Zoetis
Zymeworks
XL
XOXO
XPO
XHR
XRM
XRX
XIN
XYL
YPF
AUY
YELP
YEXT
YGE
YRD
YUM
YUMC
YUME
ZTO
ZAYO
ZEN
ZBH
ZOES
ZTS
ZYME
21.70
21.82
21.86
26.74
26.47
19.04
19.63
33.14
35.00
12.92
81.00
11.58
22.17
18.99
14.77
18.85
24.86
24.86
11.88
12.90
22.30
20.40
8.65
52.88
8.54
15.45
EmpireStateReal250
EmpireStateReal60
EmpireStateRealES
NationRiskBaseIntl
NationRiskBasedUS
USBrentOilFd
USDieselHeatingOil
USGasolineFd
US NatGas
UnitedStatesOilFd
US ShortOilFd
US12mthNtlGas
US12moOilFd
...
...
3.5
...
2.4
...
6.2
3.2
...
1.3
.6
4.3
...
...
2.0
...
.7
14.1
4.2
.8
1.9
...
2.9
2.9
1.0
...
...
1.7
...
5.0
3.0
...
...
2.5
...
5.9
...
...
.6
3.2
...
12.4
5.1
6.7
3.3
.7
6.0
17.4
5.8
2.5
4.0
3.6
1.6
2.5
.1
8.4
...
...
...
2.0
2.0
...
...
3.6
5.6
2.8
.7
.5
.7
...
...
.8
1.5
1.8
2.0
28
10
21
73
23
44
43
11
dd
17
32
17
52
10
27
dd
...
8
96
54
28
31
32
33
29
dd
dd
24
35
30
14
36
27
16
...
52
dd
17
39
21
20
17
26
41
46
25
15
dd
14
25
23
75
48
16
cc
78
dd
...
...
23
23
dd
21
58
28
16
23
28
54
9
dd
83
72
17
21
155.02
4.88
63.63
144.80
85.39
41.10
64.95
93.05
15.07
22.46
85.20
23.08
61.25
46.37
100.87
.75
28.22
7.10
28.86
70.91
88.27
209.75
174.24
174.86
78.65
85.58
4.25
59.58
59.44
30.69
39.91
23.13
211.47
62.55
29.28
59.16
7.65
67.30
97.74
50.29
59.22
10.00
42.12
53.86
21.12
113.94
24.95
2.65
24.84
69.20
67.81
35.26
21.90
172.75
834.50
13.64
29.78
10.35
20.04
65.20
65.00
1.30
32.01
33.21
43.19
55.49
55.80
5.68
32.26
49.04
21.80
28.98
32.18
47.75
117.93
+5.68
+0.52
–1.24
–0.13
–0.66
+1.41
–2.74
+1.90
+0.83
+0.86
+3.37
+1.22
–1.60
–1.61
+0.74
+0.03
+1.26
+0.02
–0.47
+1.20
+0.28
+7.52
+2.90
+5.70
+2.20
+4.83
+0.38
+2.16
+12.53
–1.40
–0.55
–0.08
+0.15
–0.20
+0.04
–3.21
...
+1.05
–3.10
–1.37
+1.37
+0.15
+1.35
+2.11
+0.52
+3.15
+0.15
+0.04
–0.11
+1.89
+0.72
–0.01
–0.05
+4.27
–18.62
–0.38
+1.99
–0.81
+2.05
–1.45
–0.99
–0.08
+1.04
+0.75
+1.86
+2.19
–0.15
+0.12
+0.59
+3.89
+0.45
+0.88
+1.13
+2.04
+5.49
3.98
–2.60
2.96
1.48
3.74
.75
2.49
7.37
–2.05
1.82
3.34
1.78
.54
3.65
4.38
–23.18
–1.99
.29
1.65
1.07
2.65
6.41
5.15
5.15
2.44
–2.29
–3.82
2.16
1.03
1.87
3.24
.57
5.43
3.99
...
2.81
...
2.10
1.91
2.43
2.50
–.61
1.53
1.74
.51
3.06
1.50
–1.51
1.81
2.77
2.77
1.39
.45
11.50
82.19
.26
–21.28
.30
–.11
1.95
1.95
–.77
1.55
–.57
–.17
3.41
2.32
.26
.89
4.06
–1.08
1.81
.44
3.15
5.53
6.66
.55
3.11
5.37
3.67
2.02
2.44
8.02
–.46
1.35
3.47
1.56
1.78
4.50
4.43
...
7.77
...
.39
2.13
3.20
7.43
5.59
5.59
2.99
–1.92
–1.01
2.59
1.65
1.54
...
.75
8.34
4.11
...
2.02
.70
3.87
2.77
2.47
3.07
1.20
1.64
1.48
1.83
5.57
1.57
...
1.86
3.76
...
1.16
.60
13.62
–10.06
.26
–2.06
1.01
.37
3.26
3.26
–.89
1.95
.71
1.65
3.53
3.04
.28
1.64
6.68
–.63
2.21
.56
3.13
6.03
7.55
.63
3.29
6.56
4.03
2.23
2.33
8.35
.09
1.70
4.10
1.91
1.96
4.82
4.84
...
3.81
...
.41
2.38
3.57
8.05
6.50
6.50
3.28
–1.29
–.51
3.23
1.76
1.07
...
.94
8.90
4.72
...
1.89
.87
4.40
2.89
2.62
3.93
1.34
1.86
2.29
1.84
6.99
1.85
...
1.91
4.26
...
1.33
.66
15.47
8.24
.36
–1.28
1.14
1.16
3.53
3.53
...
2.81
.92
1.79
3.90
3.67
.30
1.88
6.80
–.46
2.65
.68
3.54
7.01
...
...
.5525
...
.51
...
1.01
1.5104
...
.075
.12
.25
...
...
.51
...
11.21
.25
.30
.14
.425
...
1.25
1.25
.19
...
...
.26
...
.75
.30
...
...
.39
...
.87
...
...
.14
.40
...
.31
.5375
.905
.175
.21
.3756
.1155
.7242
.43
.68
.32
.09
1.10
1.00
.095
...
...
...
.32
.32
...
...
.30
.60
.39
.10
.0149
.06
...
...
.06
.12
.21
.58
35.49
19.16
95.01
21.94
4.75
32.77
8.00
70.46
25.05
3.44
45.39
12.06
2.02
40.00
83.62
45.86
4.65
15.76
36.46
37.51
122.10
16.09
75.39
9.49
+0.84
+0.29
+3.93
+0.53
+0.28
+2.86
+0.23
+1.23
+2.04
+0.19
+2.22
+0.47
–0.10
–4.66
+0.78
+3.11
–0.12
–0.29
+0.41
+2.54
–3.88
–0.24
+2.03
+1.09
...
.47
.53
.79
–1.35
–1.96
1.10
1.45
–4.84
–.33
–.06
–1.39
–17.34
2.84
4.04
1.36
–.22
...
.35
–1.11
1.51
.09
1.65
–1.77
...
.32
1.92
.94
.34
3.40
...
2.40
.36
.04
.17
–.49
–25.68
3.19
2.81
1.42
...
.64
.47
–.16
8.03
–.10
2.37
–2.23
...
.48
3.10
.64
.66
3.54
...
2.81
1.32
.13
.39
–.46
–9.16
4.28
3.20
1.62
...
.84
.62
–.03
8.17
–.01
2.82
–2.28
.22
...
...
.275
...
.25
.10
.18
.0993
.005
...
...
...
1.50
.30
.10
.03
...
...
...
.24
...
.126
...
–0.70 .38
–0.77 .38
–0.83 .38
... ...
+0.11 ...
+0.55 ...
+0.20 ...
+0.99 ...
+3.20 ...
+0.56 ...
–2.63 ...
+0.43 ...
+0.76 ...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
.105
.105
.105
.0227
.019
...
...
...
...
...
...
...
...
XYZ
2.5
...
...
5.0
...
3.1
5.0
1.0
.8
.6
...
...
...
...
1.4
...
2.6
...
...
...
.8
...
.7
...
...
58
79
17
dd
dd
12
41
75
dd
cc
...
dd
13
26
31
20
29
99
dd
38
cc
43
dd
NYSE ARCA
FISK
OGCP
ESBA
RBIN
RBUS
BNO
UHN
UGA
UNG
USO
DNO
UNL
USL
2.2
2.2
2.2
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
19.00
19.00
18.89
26.38
26.34
18.97
19.56
32.92
25.28
12.87
52.97
9.38
22.14
January 15, 2018
BARRON’S
M21
Nasdaq Issues
Nasdaq Issues includes stocks traded on the Nasdaq Global Select and Nasdaq Global Market tiers. They are eligible for inclusion on the basis of SEC-approved market
value of publicly-held shares, trading volume, price and number of market-makers.
52-Week
High Low Name
Tick
Div
Sym Yld P/E Last Chg. Amt.
For personal Do not edit or alter. Reproductions not permitted.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or
A
38.25
41.20
25.00
13.75
8.48
22.34
4.40
25.20
67.61
69.40
21.66
13.74
74.70
156.14
29.49
30.79
186.37
6.62
82.59
4.24
20.50
10.75
62.98
216.15
45.78
69.57
6.40
54.34
45.52
33.18
6.00
5.75
21.06
27.79
5.66
33.25
33.00
70.71
16.05
30.40
38.22
9.29
40.75
2.33
195.50
25.10
14.05
81.90
12.25
95.00
10.06
4.50
28.19
8.14
2.50
66.60
58.99
6.18
2.95
5.60
12.98
76.02
9.05
1.25
15.48
40.00
26.75
3.30
71.34
31.23
20.25
34.00
49.49
2.91
14.73
25.45
149.34
34.80
266.41
1.72
63.40
40.53
180.40
15.40
32.31
25.55
35.46
6.09
16.13
66.15
147.63
23.00
1131.30
1123.95
5.80
14.52
77.23
28.90
35.00
46.99
51.75
4.47
1305.76
23.55
12.78
66.23
67.98
65.91
400.99
6.25
58.73
43.00
134.03
24.49
27.40
49.33
16.49
13.05
7.82
29.95
25.06
18.63
6.03
4.82
18.41
2.81
11.93
46.89
51.20
12.51
10.24
42.23
92.33
21.75
24.75
114.75
2.96
49.50
0.50
14.65
5.10
43.66
103.53
17.75
35.36
2.90
26.92
23.07
24.36
3.60
1.55
8.29
10.24
2.69
21.32
13.60
38.38
11.85
21.80
13.50
3.88
29.90
1.32
107.06
18.65
6.01
27.90
7.65
55.76
2.71
2.40
19.11
2.81
0.51
38.14
24.70
0.98
1.15
1.93
8.60
39.24
2.55
0.10
8.77
15.97
14.97
1.04
44.65
8.10
8.58
17.74
26.84
1.60
7.00
8.60
96.18
25.50
88.56
1.11
46.43
31.20
111.54
8.66
22.71
17.60
19.10
4.54
11.01
40.15
35.98
14.81
812.05
790.52
1.58
7.20
41.80
16.55
1.51
16.17
35.20
2.81
803.00
13.17
5.04
40.06
56.10
43.07
338.30
5.35
39.21
33.80
110.43
11.70
17.40
34.30
12.97
9.00
2.89
AAON
ACADIA Pharm
ACI Worldwide
AC Immune
ACM Research
AGNC Invt
ALJ Regional
AMAG Pharm
AMC Networks
Amerisafe
A-MarkPrecMetals
ANGI Homesvcs
ANI Pham
Ansys
ARKRestaurants
ARRIS Intl
ASML
ATA
ATN Intl
AVEO Pharma
AVHomes
AXT
Abaxis
Abiomed
Ablynx
AcaciaComms
AcaciaResearch
AcadiaHealthcare
AcceleronPharma
AccessNational
Accuray
AcelRxPharm
Aceto
Achaogen
AchillionPharm
AclarisTherap
AcordaTherap
ActivisionBliz
Actua
Acxiom
AdamasPharm
AdaptimmuneTher
AddusHomeCare
ADDvantage
AdobeSystems
Adtran
AduroBiotech
AdvAcceltrApp
AdvEmissions
AdvEnergyInds
Advaxis
AdverumBiotech
Aegion
AegleaBioTherap
Aemetis
AeriePharm
AeroVironment
AeviGenomic
Affimed
AgileTherap
Agilysys
AgiosPharm
AgroFresh
AgroFresh Wt
AileronTherap
AimmuneTherap
AirTransportSvcs
AirMedia
AkamaiTech
AkceaTherap
AkebiaTherap
Akorn
Alarm.com
AlaskaCommSys
AlcentraCapital
AlderBioPharm
AlexionPharm
Alico
AlignTech
AlimeraSciences
Alkermes
AllegianceBcshs
AllegiantTravel
AllenaPharm
AllianceHldgsGP
AllianceResource
AlliedMotionTech
AllotComms
AllscriptsHlthcr
AlmostFamily
AlnylamPharm
Alpha&OmegaSem
Alphabet A
Alphabet C
Alphatec
AlpineImmune
Altaba
AltairEngg
Altimmune
AltisourcePortf
AltraIndlMotion
Amarin
Amazon.com
AmbacFin
AmbacFinWt
Ambarella
Amdocs
Amedisys
Amerco
AmerFirstMultifam
AmerAirlines
AmNtlBcsh
AmericanNatlIns
AmerOutdoor
AmericanPubEdu
AmRailcarInd
AmRvrBksh
AmerSoftware
AmerSupercond
AAON
ACAD
ACIW
ACIU
ACMR
AGNC
ALJJ
AMAG
AMCX
AMSF
AMRK
ANGI
ANIP
ANSS
ARKR
ARRS
ASML
ATAI
ATNI
AVEO
AVHI
AXTI
ABAX
ABMD
ABLX
ACIA
ACTG
ACHC
XLRN
ANCX
ARAY
ACRX
ACET
AKAO
ACHN
ACRS
ACOR
ATVI
ACTA
ACXM
ADMS
ADAP
ADUS
AEY
ADBE
ADTN
ADRO
AAAP
ADES
AEIS
ADXS
ADVM
AEGN
AGLE
AMTX
AERI
AVAV
GNMX
AFMD
AGRX
AGYS
AGIO
AGFS
AGFSW
ALRN
AIMT
ATSG
AMCN
AKAM
AKCA
AKBA
AKRX
ALRM
ALSK
ABDC
ALDR
ALXN
ALCO
ALGN
ALIM
ALKS
ABTX
ALGT
ALNA
AHGP
ARLP
AMOT
ALLT
MDRX
AFAM
ALNY
AOSL
GOOGL
GOOG
ATEC
ALPN
AABA
ALTR
ALT
ASPS
AIMC
AMRN
AMZN
AMBC
AMBCW
AMBA
DOX
AMED
UHAL
ATAX
AAL
AMNB
ANAT
AOBC
APEI
ARII
AMRB
AMSWA
AMSC
.7
...
...
...
...
11.0
...
...
...
1.3
2.3
...
...
...
3.9
...
.7
...
1.1
...
...
...
1.0
...
...
...
...
...
...
2.1
...
...
2.3
...
...
...
...
.4
...
...
...
...
...
...
...
1.8
...
...
11.3
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
11.3
...
...
.9
...
...
...
...
1.7
...
10.4
9.7
.3
...
...
...
...
...
...
...
...
...
...
...
...
...
1.3
...
...
...
...
...
1.3
...
...
8.1
.7
2.5
2.6
...
...
3.9
1.3
3.4
...
38
dd
71
dd
...
5
8
dd
11
18
18
dd
cc
48
23
29
...
dd
dd
dd
25
37
52
cc
dd
13
2
18
dd
28
dd
dd
54
dd
dd
dd
dd
cc
dd
dd
dd
dd
24
dd
58
22
dd
dd
2
14
dd
dd
dd
dd
dd
dd
41
dd
dd
dd
dd
dd
dd
...
...
dd
dd
dd
39
...
dd
34
56
dd
dd
dd
55
dd
78
dd
dd
26
18
...
9
6
40
dd
dd
48
dd
29
38
38
dd
dd
...
...
1
cc
37
dd
cc
dd
...
53
24
44
22
21
15
20
17
11
21
15
19
22
dd
36.55
28.37
23.40
13.48
5.17
19.59
3.59
14.40
53.30
60.60
14.03
12.91
72.30
154.22
25.71
25.49
180.87
5.49
61.87
3.10
18.75
8.95
62.44
215.11
42.28
39.69
3.75
34.63
45.12
29.08
5.05
2.15
11.33
11.94
2.99
25.00
25.85
70.36
15.85
28.13
35.58
7.81
36.90
1.48
195.05
19.70
7.15
81.84
8.84
71.23
2.96
3.95
26.34
6.26
.78
58.60
54.07
1.30
1.30
3.28
12.54
75.11
7.92
.50
9.69
39.43
24.59
1.21
65.52
17.00
15.68
33.55
36.43
2.60
8.88
17.85
122.71
27.85
258.43
1.28
58.71
39.40
165.50
10.24
28.40
20.80
35.24
5.19
16.03
57.90
129.07
17.47
1130.65
1122.26
3.12
11.01
75.85
25.88
1.96
29.29
51.55
4.25
1305.20
16.07
5.80
54.92
67.59
54.76
373.38
6.15
58.47
40.00
128.45
12.19
25.70
40.84
15.99
12.97
5.52
–1.50
–0.53
+0.60
+0.44
–0.34
–0.26
+0.39
–0.15
+0.97
–0.80
–0.51
+0.15
+2.89
+1.77
–0.27
–0.51
–2.00
+0.09
+7.33
+0.29
–0.05
...
+7.38
+12.79
+16.37
+1.15
–0.10
+1.52
+3.01
+0.84
+0.30
–0.02
+0.63
+0.75
–0.05
+0.37
+2.30
+3.99
+0.05
+0.02
+1.55
+0.10
+0.95
+0.03
+9.71
+0.40
–0.52
–0.01
–0.41
–0.62
–0.23
–0.50
+0.86
+0.74
+0.17
–0.75
+0.67
–0.04
–0.08
+0.44
+0.26
+13.82
+0.55
+0.01
–0.70
+1.41
–0.42
–0.05
–0.31
–0.55
+0.37
+1.09
+0.46
+0.03
+0.25
+4.90
–0.09
–1.05
+17.36
–0.08
+4.57
+1.25
+15.60
–0.28
+0.54
+0.70
+1.06
–0.14
+0.68
–0.95
+1.34
–0.04
+20.36
+20.03
+0.12
–0.61
–0.64
+0.88
–0.07
+1.63
+2.20
–0.12
+76.06
+0.09
+0.07
–8.70
+0.78
+1.87
–2.10
...
+5.82
+2.40
+0.82
–0.18
+1.15
+0.33
+0.63
+0.71
+1.02
.13
...
...
...
...
.18
...
...
...
3.50
.08
...
...
...
.25
...
1.3072
.41
.17
...
...
...
.16
...
...
...
...
...
...
.15
...
...
.065
...
...
...
...
.30
...
...
...
...
...
...
...
.09
...
...
.25
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
.25
...
...
.06
...
...
...
...
.70
...
.735
.505
.025
...
...
...
...
...
...
...
...
...
...
...
...
...
.17
...
...
...
...
...
.22
...
.50
.125
.10
.25
.82
...
...
.40
.05
.11
...
52-Week
High Low
136.15 69.65
49.40 30.20
53.45 41.05
4.40 3.60
191.10 150.38
16.60 5.07
12.48 8.32
19.95 12.05
15.45 4.02
27.93 8.80
11.22 1.86
93.99 71.85
89.50 66.00
114.47 15.17
26.95 23.70
41.45 29.60
18.85 14.80
60.29 41.64
6.24 1.20
25.49 12.45
61.00 40.03
17.48 3.55
6.82 5.60
52.25 21.85
43.26 14.60
177.36 118.22
9.60 3.25
60.89 33.09
103.41 27.82
4.21 1.93
25.49 10.77
4.85 1.15
19.97 10.02
4.66 0.95
8.30 4.81
8.25 2.35
38.75 16.95
102.60 86.46
18.40 10.58
15.47 5.81
15.40 4.05
41.92 11.30
17.87 15.60
71.40 17.33
69.03 56.15
5.50 0.13
5.00 2.80
1.98 0.92
14.40 6.73
38.60 29.81
6.25 1.42
19.73 10.40
43.22 29.37
5.94 1.65
47.71 19.95
17.84 8.87
3.10 2.40
75.54 52.23
10.35 6.15
73.37 45.70
48.50 23.95
15.65 11.00
30.40 11.80
158.66 95.01
20.79 11.21
4.20 3.00
20.20 15.20
10.33 6.90
25.99 19.30
3.49 2.13
68.70 45.45
21.45 12.15
53.45 26.43
25.18 14.78
694.00 454.10
6.50 2.30
41.75 31.00
41.80 13.90
8.43 5.83
10.54 2.30
131.10 78.29
121.77 94.11
12.30 7.52
119.00 50.56
24.14 10.35
7.65 3.99
3.40 0.17
49.41 20.71
6.50 4.25
37.05 14.60
28.17 20.57
27.98 2.06
6.45 3.10
Name
AmericanWoodmark
AmerCarMart
AmerisBancorp
AmeriServFin
Amgen
AmicusTherap
AmkorTech
AmphastarPharm
AmtechSystems
AmTrustFinSvcs
Amyris
AnalogDevices
Analogic
AnaptysBio
AnchorBancorp
Andersons
AngioDynamics
AnikaTherap
AntheraPharm
ApellisPharm
ApogeeEnt
ApolloEnd
ApolloInv
AppFolio
Appian
Apple
AppliedGenetic
ApplMaterials
AppliedOptoelec
ApproachRscs
Apptio
AptevoTherap
AquinoxPharm
AralezPharm
AratanaTherap
ArbutusBiopharma
ArcBest
ArchCapital
ArchrockPtrs
ArcturusTherap
Ardelyx
ArenaPharm
AresCapital
arGEN-X
ArgoGroup
ArgosTherap
Arotech
ArQule
ArrayBioPharma
ArrowFinancial
ArrowheadPharm
Arsanis
ArtesianRscs A
AscenaRetail
AscendisPharma
AscentCapital A
AsiaPacificWire
AspenTech
AstaFunding
AstecIndustries
Astronics
AstroNova
AtaraBiotherap
AthenaHealth
Athenex
AtlanticAmerican
AtlCapitalBcshs
AtlanticCoastFin
AtlanticaYield
Atlanticus
AtlasAir
AtlasFinancial
Atlassian
AtriCure
Atrion
aTyrPharma
AuburnNatlBncp
AudentesTherap
AudioCodes
AuriniaPharm
Autodesk
ADP
AvadelPharm
AveXis
AviatNetworks
AvidTechnology
Avinger
AvisBudget
Aware
AxcelisTechs
AxonEnterprise
AxovantSciences
AxsomeTherap
Tick
Sym Yld P/E
AMWD ... 29
CRMT ... 17
ABCB .7 24
ASRV 1.5 14
AMGN 2.9 17
FOLD ... dd
AMKR ... 10
AMPH ... cc
ASYS ... 17
AFSI 5.2 dd
AMRS ... dd
ADI 2.0 44
ALOG .5 dd
ANAB ... dd
ANCB ... 22
ANDE 2.0 dd
ANGO ... dd
ANIK ... 27
ANTH ... dd
APLS ... ...
APOG 1.3 17
APEN ... ...
AINV 10.3 16
APPF ... cc
APPN ... dd
AAPL 1.4 19
AGTC ... dd
AMAT .7 17
AAOI ... 9
AREX ... dd
APTI ... dd
APVO ... dd
AQXP ... dd
ARLZ ... dd
PETX ... dd
ABUS ... dd
ARCB .9 40
ACGL ... 29
APLP 7.8 dd
ARCT ... dd
ARDX ... dd
ARNA ... dd
ARCC 9.5 12
ARGX ... ...
AGII 1.8 36
ARGS ... dd
ARTX ... dd
ARQL ... dd
ARRY ... dd
AROW 2.9 17
ARWR ... dd
ASNS ... ...
ARTNA 2.5 27
ASNA ... dd
ASND ... dd
ASCMA ... dd
APWC ... 12
AZPN ... 35
ASFI ... dd
ASTE .6 38
ATRO ... 40
ALOT 2.0 28
ATRA ... dd
ATHN ... cc
ATNX ... dd
AAME .6 24
ACBI ... 34
ACFC ... 27
AY 5.5 76
ATLC ... dd
AAWW ... 60
AFH ... cc
TEAM ... dd
ATRC ... dd
ATRI .8 32
LIFE ... dd
AUBN 2.4 17
BOLD ... dd
AUDC ... 14
AUPH ... dd
ADSK ... dd
ADP 2.1 30
AVDL ... 5
AVXS ... dd
AVNW ... dd
AVID ... dd
AVGR ... dd
CAR ... 36
AWRE ... 42
ACLS ... 24
AAXN ... cc
AXON ... dd
AXSM ... dd
17.05
21.50
16.97
47.55
25.70
96.75
21.30
274.97
89.50
26.95
25.40
5.94
61.05
24.99
11.30
12.40
39.00
56.86
17.00
38.50
62.75
40.65
69.32
41.30
5.50
66.47
BCB Bancorp
BCommunications
BGC Partners
BJsRestaurants
BMC Stock
BOK Fin
B RileyFin
Baidu
Balchem
Baldwin&Lyons A
Baldwin&Lyons B
BallardPower
BancFirst
Bandwidth
BankMutual
BankofCommerce
BankofPrinceton
BankofOzarks
BankFinancial
BankwellFin
Banner
Baozun
BarrettBus
BassettFurniture
Bazaarvoice
BeaconRoof
BCBP
BCOM
BGCP
BJRI
BMCH
BOKF
RILY
BIDU
BCPC
BWINA
BWINB
BLDP
BANF
BAND
BKMU
BOCH
BPRN
OZRK
BFIN
BWFG
BANR
BZUN
BBSI
BSET
BV
BECN
Last
132.70
47.20
53.40
4.05
185.04
15.72
10.47
18.56
10.70
13.01
4.64
92.02
84.40
112.40
24.90
32.65
16.35
56.64
1.35
18.91
46.73
6.31
5.80
42.55
36.76
177.09
4.20
53.45
35.85
3.91
24.42
4.40
11.51
1.78
5.22
5.10
37.00
90.69
14.68
9.07
7.35
34.95
16.03
70.52
61.35
.16
3.65
1.83
13.71
34.65
5.72
14.36
38.40
2.09
46.58
10.69
2.70
75.12
7.28
64.29
47.35
13.90
28.25
129.47
15.87
3.35
18.05
10.33
21.07
2.25
62.05
20.55
52.57
17.73
584.35
3.90
37.71
37.47
7.38
5.35
115.91
118.47
10.51
117.50
17.46
5.63
.20
49.15
4.63
29.15
27.56
2.09
3.30
Div
Chg. Amt.
–1.65 ...
+3.15 ...
+3.00 .10
... .015
+4.39 1.32
+0.81 ...
–0.33 ...
+0.50 ...
–0.28 ...
+2.62 .17
+0.37 ...
+0.35 .45
+0.10 .10
+10.92 ...
+0.05 ...
+1.15 .165
+0.24 ...
+0.61 ...
–0.30 ...
–4.58 ...
+1.03 .1575
+0.31 ...
+0.06 .15
+0.40 ...
–2.92 ...
+2.09 .63
–0.10 ...
–1.15 .10
–3.04 ...
+0.75 ...
+0.22 ...
–0.28 ...
–0.38 ...
... ...
+0.01 ...
–0.45 ...
+0.85 .08
+2.33 ...
+1.18 .285
–0.40 ...
+0.25 ...
–5.89 ...
+0.24 .38
+13.57 ...
+1.50 .27
+0.01 ...
+0.05 ...
–0.02 ...
+0.55 ...
+0.55 .25
+0.85 ...
+0.71 ...
+0.28 .2352
+0.03 ...
+6.66 ...
–0.58 ...
–0.10 .10
+4.34 ...
–0.27 ...
+1.56 .10
+6.28 ...
–0.10 .07
+9.75 ...
–4.58 ...
+0.30 ...
–0.30 .02
+0.10 ...
+0.65 ...
–0.48 .29
–0.04 ...
+5.50 ...
–0.80 ...
+0.70 ...
–0.26 ...
–10.60 1.20
+0.05 ...
+0.40 .23
+0.84 ...
–0.11 ...
+0.14 ...
+5.07 ...
+0.17 .63
+1.49 ...
+15.42 ...
+1.35 ...
+0.19 ...
... ...
+4.68 ...
+0.23 ...
–1.85 ...
+0.71 ...
–3.28 ...
–2.30 ...
15.60
17.85
14.78
37.70
24.50
95.75
18.95
253.04
81.22
23.84
24.05
4.19
54.75
23.01
11.15
11.40
32.97
52.47
15.64
35.36
58.43
36.87
65.55
37.25
5.50
63.46
+0.65
–0.88
–0.24
–1.10
+0.05
+3.66
+0.80
+7.90
+0.77
+0.25
+0.65
+0.22
+1.90
–0.47
+0.40
+0.25
–0.07
+2.19
+0.07
+1.36
+2.31
+0.84
+1.18
+1.85
...
–1.03
B
12.05
12.20
10.39
28.00
17.45
73.44
13.55
166.00
71.95
21.41
21.20
1.84
42.50
18.05
8.60
9.10
29.43
40.15
13.13
28.79
51.61
12.83
44.52
24.90
3.80
39.57
3.6
...
4.9
1.2
...
1.9
1.7
...
.5
4.5
4.5
...
1.5
...
2.0
1.1
...
1.4
2.0
.8
1.7
...
1.5
1.2
...
...
17
15
31
25
33
20
13
33
41
54
55
dd
21
...
33
17
14
18
28
18
20
cc
22
22
dd
39
.14
...
.18
.11
...
.45
.04
...
.42
.27
.27
...
.21
...
.055
.03
...
.19
.08
.07
.25
...
.25
.35
...
...
52-Week
High Low
10.37 8.66
18.19 5.70
41.98 19.07
118.95 31.70
29.90 18.80
33.45 21.65
2.74 0.59
15.55 7.41
18.30 14.30
37.10 22.30
17.10 6.00
140.66 95.68
9.25 3.95
348.84 244.28
100.51 80.10
3.39 1.21
58.79 41.95
39.20 21.05
64.68 40.99
14.85 2.85
104.55 61.98
46.70 32.60
40.28 26.30
7.89 6.05
22.96 16.11
26.15 14.25
21.90 15.66
33.63 21.51
22.05 16.40
222.03 63.90
7.55 4.65
92.00 31.35
79.70 47.29
32.57 21.60
25.99 10.46
22.35 11.45
17.88 13.95
11.66 8.18
36.69 21.52
5.30 1.65
37.95 29.80
18.00 10.76
9.30 5.40
75.00 52.75
285.68 177.56
55.05 33.85
24.96 21.12
17.45 13.60
34.77 16.74
36.53 21.83
46.70 36.80
6.30 4.10
165.70 95.00
22.91 10.57
1.97 0.40
Name
BearStateFin
BeasleyBroadcast
BedBath
BeiGene
BelFuse A
BelFuse B
BellerophonTherap
BellicumPharm
BeneficialBncp
Benefitfocus
Big5SportingGds
Bio-Techne
BioCryst
Biogen
BioMarinPharm
BioScrip
BioSpecificsTech
BioTelemetry
Bioverativ
BlackBox
Blackbaud
BlackhawkNtwk
BlackLine
BlackRockCapInvt
BloominBrands
Blucora
BlueBird
BlueBuffaloPet
BlueHillsBncp
bluebirdbio
BlueknightEner
BlueprintMed
BobEvansFarms
BofI
BoingoWireless
Bojangles'
BostonPrivFin
BostonPrivWt
Bottomline
BravoBrioRestr
BridgeBancorp
BridgfordFoods
Brightcove
BrighthouseFin
Broadcom
BroadSoft
BrookfieldProp
BrooklineBcp
Brooks Auto
Bruker
BrynMawrBank
Bsquare
BuffWildWngs
BuildersFirstSrc
BurconNutraSci
Tick
Sym Yld P/E
BSF 1.2 18
BBGI 1.4 6
BBBY 2.6 7
BGNE ... dd
BELFA 1.1 24
BELFB 1.1 24
BLPH ... dd
BLCM ... dd
BNCL 1.4 ...
BNFT ... dd
BGFV 9.9 6
TECH .9 73
BCRX ... dd
BIIB ... 21
BMRN ... dd
BIOS ... dd
BSTC ... 27
BEAT ... 26
BIVV ... 16
BBOX 13.3 dd
BLKB .5 88
HAWK ... dd
BL ... dd
BKCC 11.6 24
BLMN 1.4 29
BCOR ... 20
BLBD ... 33
BUFF ... 38
BHBK 2.9 26
BLUE ... dd
BKEP 11.1 dd
BPMC ... dd
BOBE 1.8 dd
BOFI ... 15
WIFI ... dd
BOJA ... 15
BPFH 2.8 19
BPFHW ... ...
EPAY ... dd
BBRG ... dd
BDGE 2.5 20
BRID ... 15
BCOV ... dd
BHF ... ...
AVGO 2.6 64
BSFT ... dd
BPY 5.5 93
BRKL 2.2 21
BRKS 1.5 29
BRKR .5 37
BMTC 1.9 21
BSQR ... dd
BWLD ... 41
BLDR ... 30
BUR ... dd
16.25
36.54
65.05
2.35
31.50
30.87
7.10
75.83
74.01
51.80
94.51
20.45
155.29
10.80
29.76
25.50
49.31
30.79
50.94
13.54
17.00
50.00
59.76
25.49
102.92
45.64
13.60
44.00
3.72
50.40
24.69
89.55
20.05
30.60
9.95
31.89
47.41
7.96
19.09
17.55
99.25
26.01
4.00
17.76
14.65
16.35
22.22
28.50
27.00
33.11
55.71
7.98
13.92
19.86
35.42
25.50
37.47
17.55
20.51
4.97
23.86
125.55
65.00
5.51
Cadiz
CA
C&F Fin
CBAK Energy
CB FinSvcs
CBTX
CCUR
CDK Global
CDW
CEVA
CH Robinson
CIM Comm
CME Group
CM Finance
CNB FinPA
CPI Card
CRA Intl
CRISPR Therap
CSG Systems
CSI Compressco
CSP
CSW Industrials
CSX
CVB Fin
CabotMicro
CadenceDesign
CaesarsEnt
Caesarstone
CafePress
Cal-MaineFoods
CalAmp
CalavoGrowers
CalitheraBiosci
CallidusSoftware
CalumetSpecialty
Calyxt
CamdenNational
Camtek
CanadianSolar
CanterburyPark
CapellaEducation
CapitalCityBank
CapitalProduct
CapitalSouthwest
CapitalaFinance
CapitolFedFin
CapStarFin
CaraTherap
Carbonite
CardiovascularSys
Cardtronics
CareDx
CareerEducation
CareTrustREIT
CarGurus
Carlyle
CarrizoOil
CarrolsRestr
CasaSystems
CascadianTherap
CasellaWaste
CaseysGenStores
CassInfoSys
CatabasisPharm
CDZI
CA
CFFI
CBAK
CBFV
CBTX
CCUR
CDK
CDW
CEVA
CHRW
CMCT
CME
CMFN
CCNE
PMTS
CRAI
CRSP
CSGS
CCLP
CSPI
CSWI
CSX
CVBF
CCMP
CDNS
CZR
CSTE
PRSS
CALM
CAMP
CVGW
CALA
CALD
CLMT
CLXT
CAC
CAMT
CSIQ
CPHC
CPLA
CCBG
CPLP
CSWC
CPTA
CFFN
CSTR
CARA
CARB
CSII
CATM
CDNA
CECO
CTRE
CARG
CG
CRZO
TAST
CASA
CASC
CWST
CASY
CASS
CATB
Last
10.25
12.80
22.82
103.28
21.79
24.85
2.03
8.96
17.00
25.75
6.08
140.02
5.62
335.95
90.22
3.00
42.93
33.15
63.75
3.60
95.55
36.50
34.90
6.22
22.35
23.25
18.95
33.48
21.05
170.70
5.23
79.24
77.01
31.57
22.32
12.70
15.80
9.79
36.27
2.50
37.20
13.76
7.10
65.36
264.29
54.85
21.40
16.25
26.02
34.97
46.15
4.53
156.75
22.79
.50
Div
Chg. Amt.
–0.01 .03
–1.15 .045
+1.48 .15
+4.76 ...
–0.67 .06
+0.05 .07
–0.47 ...
–0.46 ...
+0.45 .06
–0.85 ...
–1.53 .15
+3.64 .32
+0.01 ...
–6.54 ...
–0.05 ...
... ...
–0.21 ...
+1.75 ...
+7.95 ...
–0.05 .12
+1.06 .12
+0.75 ...
–0.10 ...
+0.05 .18
+0.45 .08
+0.55 ...
+0.10 ...
+0.36 ...
+0.45 .15
–4.30 ...
–0.08 .145
+1.50 ...
–0.07 .34
+1.48 ...
–0.62 ...
–0.45 ...
+0.55 .11
+0.59 ...
+0.39 ...
+0.20 ...
+1.80 .23
+1.21 ...
–0.05 ...
+4.73 ...
–7.33 1.75
+0.10 ...
–0.54 .295
+0.30 .09
–0.10 .10
–1.02 .04
+2.20 .22
+0.13 ...
... ...
+0.01 ...
–0.02 ...
14.10
34.09
58.60
1.60
30.94
30.00
5.68
75.77
72.88
46.40
94.28
18.50
152.73
8.25
27.96
3.48
48.12
28.52
45.58
7.00
15.87
48.20
59.25
24.30
98.16
45.07
13.05
24.50
1.81
44.20
23.41
88.50
8.55
30.25
7.90
23.39
43.62
6.69
16.55
15.75
80.85
23.99
3.57
16.45
7.54
13.74
21.44
12.69
26.00
24.76
21.67
6.48
12.63
15.43
30.63
25.30
24.33
13.25
20.51
4.07
23.75
124.25
58.67
1.54
+0.10
+0.06
–0.60
–0.10
+0.49
+1.15
–0.12
+4.56
–0.06
–1.60
+4.71
+1.45
+3.08
–0.05
+1.00
–0.59
+1.63
+1.71
+0.79
+1.04
+1.54
+2.20
+1.53
+0.85
+0.13
+1.08
+0.20
+0.75
–0.03
+3.40
+1.00
+2.05
...
+0.55
+0.33
–2.79
+0.66
+0.64
–0.46
–0.20
+1.75
+0.64
+0.06
–0.28
+0.21
+0.28
+0.73
+0.15
+0.40
+0.88
+1.56
–0.76
+0.43
–0.82
+0.67
+1.35
–0.03
+0.55
+1.71
+0.43
+0.23
+2.81
+1.02
–0.03
C
9.65
30.45
42.25
1.20
25.10
27.20
4.63
59.33
50.49
32.25
63.41
15.10
114.82
7.40
20.91
2.90
31.77
11.63
35.48
4.12
8.25
34.05
36.21
19.58
62.88
25.42
8.50
21.15
1.67
33.40
14.56
48.75
4.00
16.85
3.40
9.26
37.10
3.00
10.86
9.90
65.15
17.68
3.10
15.04
7.12
13.03
16.00
11.03
15.90
23.00
15.80
0.76
7.62
14.71
25.85
15.45
11.10
9.90
13.25
3.18
11.15
99.76
53.23
1.08
...
3.0
2.3
...
2.8
.7
...
.8
1.2
...
2.0
2.7
1.7
12.1
2.4
...
1.4
...
1.7
10.7
2.8
...
1.4
2.3
.8
...
...
...
...
...
...
1.1
...
...
...
...
2.3
...
...
1.5
2.1
1.2
9.0
6.3
13.3
2.5
...
...
...
...
...
...
...
4.8
...
8.9
...
...
...
...
...
.8
1.6
...
dd
20
16
dd
17
...
2
37
27
54
28
4
35
5
17
dd
35
dd
25
dd
25
40
31
23
29
48
dd
18
dd
dd
48
42
dd
dd
dd
...
16
18
42
24
23
29
13
9
69
22
69
dd
dd
dd
dd
dd
dd
33
...
14
16
19
cc
dd
dd
30
28
dd
...
.255
.34
...
.22
.05
...
.15
.21
...
.46
.73
3.50
.25
.165
...
.17
...
.1975
.1875
.11
...
.20
.14
.20
...
...
...
...
...
...
.95
...
...
...
...
.25
...
...
.06
.43
.07
.08
.26
.0833
.29
...
...
...
...
...
...
...
.185
...
.56
...
...
...
...
...
.26
.24
...
FIVE-DAY NASDAQ COMPOSITE
Smart Toys: At the Consumer Electronics Show, every gadget had AI and
internet hooks. Intel and Micron Tech will end a flash memory teamup.
The Nasdaq Composite ended Friday at 7,261—up 1.7% on the week.
Monday
Tuesday
Wednesday
Thursday
-10.01
+58.21
Friday
7275
7235
7195
7155
(Prev Fri's
Close)
+20.83
7115
10
52-Week
High Low
45.54 34.00
24.59 15.37
169.75 93.65
90.83 56.96
133.31 73.56
13.98 4.68
147.17 94.55
1.61 0.54
3.94 2.20
35.07 17.25
22.40 5.05
64.75 19.57
27.95 21.77
5.20 2.50
42.29 29.08
41.34 28.12
22.30 10.10
89.40 53.35
7.55 0.76
4.23 1.64
73.86 50.33
4.70 1.93
44.55 22.52
54.95 32.04
408.83 292.84
119.20 88.91
67.14 38.34
21.90 11.85
58.17 43.61
10.80 5.42
56.83 31.72
10.70 1.66
2.95 1.25
13.26 6.79
161.05 92.95
6.64 4.17
120.46 72.21
4.14 1.32
4.48 1.18
66.10 10.81
159.35 48.09
3.60 1.45
5.10 3.85
4.75 0.72
21.99 15.24
254.75 141.00
32.10 18.00
11.75 5.60
126.31 78.80
81.98 68.24
3.00 1.11
163.45 112.96
71.97 48.61
40.93 29.84
28.12 15.54
14.43 12.05
26.38 17.86
26.40 21.18
91.83 70.24
74.90 58.80
8.00 5.00
3.12 1.96
20.60 11.00
10.36 5.44
20.15 15.05
17.94 15.21
99.45 45.42
22.01 15.39
249.54 162.31
9.45 3.60
33.46 22.82
54.85 37.85
6.95 3.15
72.99 32.05
76.51 51.52
320.73 143.74
28.60 8.05
26.17 12.64
30.82 19.82
21.38 7.37
63.05 34.70
14.75 11.10
48.06 35.67
73.59 51.56
43.69 22.88
42.71 34.78
58.66 49.43
24.53 13.74
22.50 13.73
11.85 5.15
12
2
Name
CathayGenBncp
CathayGenBncpWt
CavcoIndustries
Cavium
CboeGlobalMkts
CECO Env
Celgene
Celgene Rt
CelldexTherap
Cellectis
CellularBiomed
Celyad
CenterStateBank
CentralEurMedia
CentralGarden
CentralGardenA
CenturyAluminum
CenturyBancorpA
Cenveo
Ceragon
Cerner
Cerus
Changyou.com
ChartIndustries
CharterComms
CheckPoint
Cheesecake
ChefsWarehouse
ChemicalFin
ChemoCentryx
ChemungFinl
Cherokee
Chiasma
ChickenSoupEntA
Children'sPlace
Chimerix
ChinaBiologic
ChinaFinance
ChinaHGSRealEst
ChinaInternet
ChinaLodging
ChinaTechFaith
ChinaXDPlastics
ChinaCache
ChipMOSTechs
ChurchillDowns
Chuy's
CidaraTherap
Cimpress
CincinnatiFin
Cinedigm
Cintas
CirrusLogic
CiscoSystems
CitiTrends
CtznCmntyBcp
CitizensFirst
CitizensHolding
CitrixSystems
CityHolding
Clarus
CleanEnerFuels
Clearfield
ClearsideBiomed
ClementiaPharm
CliftonBancorp
ClovisOncology
CoBizFin
Coca-Cola Bottl
Codexis
CodorusValleyBncp
CogentComm
Cogint
Cognex
CognizantTech
Coherent
CoherusBioSci
Cohu
CollectorsUniv
CollegiumPharm
ColliersIntl
ColonyBankcorp
ColumbiaBanking
ColumbiaSportswr
ColumbusMcKinn
Comcast A
CommerceBcshrs
CommerceHub A
CommerceHub C
CommVehicle
+6.19
4pm 10
12
Tick
Sym Yld P/E
CATY 2.1 18
CATYW ... ...
CVCO ... 36
CAVM ... dd
CBOE .8 71
CECE 5.7 dd
CELG ... 25
CELGZ ... ...
CLDX ... dd
CLLS ... dd
CBMG ... dd
CYAD ... dd
CSFL .9 21
CETV ... ...
CENT ... 24
CENTA ... 23
CENX ... dd
CNBKA .6 18
CVO ... dd
CRNT ... 11
CERN ... 36
CERS ... dd
CYOU ... 17
GTLS ... dd
CHTR ... cc
CHKP ... 22
CAKE 2.4 18
CHEF ... 39
CHFC 2.0 22
CCXI ... dd
CHMG 2.1 19
CHKE ... dd
CHMA ... dd
CSSE ... ...
PLCE 1.0 22
CMRX ... dd
CBPO ... 21
JRJC ... dd
HGSH ... 14
CIFS ... ...
HTHT ... 67
CNTF ... 6
CXDC ... 3
CCIH ... ...
IMOS ... 7
CHDN .6 34
CHUY ... 31
CDTX ... dd
CMPR ... dd
CINF 2.7 25
CIDM ... dd
CTAS 1.0 36
CRUS ... 13
CSCO 2.8 21
CTRN 1.3 25
CZWI 1.2 28
CZFC .9 14
CIZN 4.4 17
CTXS ... 31
CHCO 2.6 18
CLAR ... dd
CLNE ... dd
CLFD ... 44
CLSD ... dd
CMTA ... ...
CSBK 1.4 57
CLVS ... dd
COBZ 1.0 24
COKE .5 47
CDXS ... dd
CVLY 2.2 18
CCOI 4.2 cc
COGT ... dd
CGNX .5 50
CTSH .8 23
COHR ... 36
CHRS ... dd
COHU 1.0 23
CLCT 5.0 23
COLL ... dd
CIGI .2 40
CBAN .7 14
COLB 1.9 21
COLM 1.0 26
CMCO .4 50
CMCSA 1.5 20
CBSH 1.6 22
CHUBA ... 77
CHUBK ... 72
CVGI ... 56
2
4pm 10
Last
44.70
22.21
163.25
89.99
131.51
5.22
106.00
1.05
2.80
29.32
19.65
45.44
26.48
4.65
36.61
35.64
21.74
80.70
1.13
2.15
72.90
4.32
36.43
54.82
354.00
103.00
48.18
20.65
56.28
8.38
50.24
1.80
1.48
10.13
158.35
4.92
81.37
2.92
1.95
41.85
155.04
2.77
4.60
2.70
17.62
252.85
27.95
7.55
122.25
74.03
1.37
160.46
52.84
40.87
25.04
13.46
23.40
21.80
90.04
69.69
7.15
2.18
12.35
6.35
16.73
17.08
59.01
21.41
200.51
9.00
28.59
45.30
4.90
67.91
74.56
301.57
13.60
23.03
28.10
20.02
61.05
14.40
46.02
73.50
42.91
42.44
57.95
21.44
20.06
10.88
Div
Chg. Amt.
+2.13 .24
–0.09 ...
+6.40 ...
+2.53 ...
+3.91 .27
–0.07 .075
+1.01 ...
+0.08 ...
–0.25 ...
–1.62 ...
+1.65 ...
–1.06 ...
+0.91 .06
–0.05 ...
–0.17 ...
–0.09 ...
+1.80 ...
+3.95 .12
–0.07 ...
+0.04 ...
+2.37 ...
+0.48 ...
+0.55 ...
+3.03 ...
+3.12 ...
–0.42 ...
–2.03 .29
+0.20 ...
+3.05 .28
–0.07 ...
+0.33 .26
–0.08 ...
–0.18 ...
+0.91 ...
+9.90 .40
–0.17 ...
+2.43 ...
–0.05 ...
+0.12 ...
–0.30 ...
+1.53 .64
–0.22 ...
... ...
–0.02 ...
–0.61 .1966
+13.30 1.52
–0.80 ...
+0.55 ...
–1.37 ...
+0.03 .50
–0.11 ...
–1.18 1.62
–1.05 ...
+1.34 .29
–0.99 .08
+0.07 .16
–0.71 .10
–0.65 .24
–1.44 ...
+2.43 .46
–0.20 ...
+0.08 ...
+0.10 ...
–1.15 ...
–0.15 ...
+0.26 .06
–7.48 ...
+1.01 .055
–1.49 .25
+1.00 ...
+0.75 .155
+0.50 .48
+0.20 ...
+1.53 .09
+1.26 .15
+5.82 ...
+1.25 ...
–0.22 .06
–0.22 .35
+1.87 ...
+0.15 .05
–0.05 .025
+1.81 .22
+1.50 .19
+2.63 .04
+1.40 .1575
+1.86 .225
–0.10 ...
–0.01 ...
–0.13 ...
12
2
4pm 10
12
2
+49.28
4pm 10
52-Week
High Low
42.75 30.95
5.19 3.18
0.05 0.01
51.90 40.33
11.00 9.12
64.60 47.61
5.40 2.25
36.15 21.60
6.33 4.30
23.90 10.51
9.40 3.88
30.71 8.61
3.52 0.45
8.61 2.21
8.20 5.30
56.51 39.74
65.04 50.75
29.00 21.04
37.80 7.75
26.79 12.03
13.95 10.00
5.69 3.66
35.99 10.67
44.87 27.74
43.50 23.33
12.32 2.67
44.25 33.24
61.20 36.00
22.14 8.27
322.65 197.18
195.35 150.00
35.89 22.73
37.73 22.50
30.61 15.86
18.25 12.45
176.01 141.75
20.10 12.00
26.65 16.10
344.21 182.50
40.24 20.50
23.69 15.70
56.00 22.00
14.30 5.93
16.38 11.07
60.65 42.54
7.96 5.28
3.22 0.67
50.50 18.00
55.65 39.34
41.18 11.35
17.42 10.99
65.73 46.41
17.20 7.00
25.60 11.06
Name
CommScope
CommsSystems
CommunityHlthRt
CmntyTrBcp
CommWestBcshs
CommVaultSystems
Compugen
ComputerPrograms
ComputerTask
ComtechTel
ConatusPharm
ConcertPharm
ConcordiaIntl
ConforMIS
Conifer
Conmed
ConnecticutWater
ConnectOneBncp
Conn's
ConsldComm
ConsldWater
ConsumerPtfo
Control4
Copart
Core-Mark
CoriumIntl
CornerstoneOnDem
Corvel
CorvusPharm
CoStar
Costco
CountyBancorp
CoupaSoftware
CovenantTranspt
Cowen
CrackerBarrel
CraftBrewAlliance
Cray
CreditAcceptance
Cree
Cresud
Criteo
Crocs
CrossCtyHlthcr
Ctrip.com
CumberlandPharm
Curis
Cutera
CyberArkSoftware
CyberOptics
CypressSemi
CyrusOne
Cytokinetics
CytomXTherap
Tick
Sym Yld P/E
COMM ... 39
JCS 4.3 dd
CYHHZ ... ...
CTBI 2.6 18
CWBC 1.5 16
CVLT ... cc
CGEN ... dd
CPSI 1.3 67
CTG ... 33
CMTL 1.8 31
CNAT ... dd
CNCE ... 5
CXRX ... dd
CFMS ... dd
CNFR ... dd
CNMD 1.4 cc
CTWS 2.2 26
CNOB 1.1 30
CONN ... cc
CNSL 12.2 dd
CWCO 2.6 32
CPSS ... 5
CTRL ... 58
CPRT ... 35
CORE 1.6 28
CORI ... dd
CSOD ... dd
CRVL ... 31
CRVS ... dd
CSGP ... 97
COST 1.0 30
ICBK .8 18
COUP ... dd
CVTI ... 43
COWN ... 70
CBRL 2.8 21
BREW ... cc
CRAY ... 69
CACC ... 18
CREE ... dd
CRESY 2.1 7
CRTO ... 22
CROX ... dd
CCRN ... ...
CTRP ... 83
CPIX ... dd
CRIS ... dd
CUTR ... 65
CYBR ... 69
CYBE ... 17
CY 2.6 dd
CONE 3.0 dd
CYTK ... dd
CTMX ... dd
50.57
6.05
66.50
26.15
14.20
42.00
10.86
73.48
7.95
8.55
26.59
18.80
22.95
68.98
19.07
38.75
31.23
5.88
3.85
3.64
88.80
219.90
132.07
23146
10.24
14.00
41.75
5.68
22.65
35.36
29.18
29.80
DBV Tech
DHX Media VV g
DISH Network
DMC Global
DSP Group
DXP Ents
Daktronics
Dave&Buster's
DAVIDsTEA
DawsonGeophys
DecipheraPharm
DelFrisco's
DenaliTherap
DentsplySirona
DepoMed
Dermira
Descartes
DestMaternity
DestinationXL
Deswell
DexCom
DiamondHillInvt
DiamondbkEner
DianaContainer
DicernaPharma
DigiIntl
Digimarc
Digirad
DimeComBcshrs
Diodes
DiscovComm C
DiscovComm B
DBVT
DHXM
DISH
BOOM
DSPG
DXPE
DAKT
PLAY
DTEA
DWSN
DCPH
DFRG
DNLI
XRAY
DEPO
DERM
DSGX
DEST
DXLG
DSWL
DXCM
DHIL
FANG
DCIX
DRNA
DGII
DMRC
DRAD
DCOM
DIOD
DISCK
DISCB
12
2
4pm
Last
38.97
3.76
.01
50.20
10.90
53.90
2.80
30.25
5.11
21.98
4.69
20.15
.68
2.61
6.05
56.48
53.07
28.50
37.15
12.70
13.00
4.14
30.50
44.85
24.73
11.95
39.17
51.80
10.39
322.02
191.84
30.16
34.00
27.99
13.90
172.23
19.55
25.55
340.99
36.84
21.06
25.50
13.62
12.92
47.66
7.08
.74
50.35
43.42
15.85
17.07
55.26
8.85
25.17
Div
Chg. Amt.
+0.88 ...
+0.06 .04
... ...
+2.45 .33
+0.42 .04
+0.05 ...
+0.20 ...
+0.45 .10
–0.06 ...
+0.12 .10
–0.32 ...
–7.39 ...
–0.08 ...
+0.13 ...
+0.15 ...
+4.09 .20
–0.45 .2975
+1.70 .075
+2.25 ...
–0.21 .3874
+0.20 .085
+0.09 ...
–0.51 ...
+1.32 ...
+0.55 .10
+1.82 ...
+1.79 ...
+0.10 ...
–0.46 ...
+10.63 ...
+4.09 .50
+0.99 .06
+0.87 ...
+0.90 ...
+0.35 ...
+4.98 1.20
+0.35 ...
... ...
+11.98 ...
–1.51 ...
–1.42 .45
–0.82 ...
+1.42 ...
+0.36 ...
+0.29 ...
+0.06 ...
+0.01 ...
+6.00 ...
+1.63 ...
–1.05 ...
+0.43 .11
–2.99 .42
+0.15 ...
+0.30 ...
26.29
3.65
49.48
24.95
13.05
33.10
9.34
47.92
3.90
6.14
24.54
17.00
17.16
65.79
8.33
27.44
28.10
2.54
2.40
2.75
56.75
213.46
130.14
3.34
8.42
10.25
39.00
2.70
21.90
29.92
23.00
27.80
–0.22
–0.10
+0.26
+0.75
+0.50
+2.79
–0.15
–8.45
+0.15
+0.69
–1.27
+1.85
+0.36
–2.05
–0.26
+0.09
–0.50
–0.22
+0.10
...
+3.49
+5.66
+0.16
–0.69
–0.34
+0.15
+2.35
+0.08
+0.80
–0.05
+2.21
+1.70
D
20.58
2.92
46.07
11.60
9.80
24.86
7.84
43.77
3.65
3.70
15.15
11.70
14.72
52.54
4.31
21.35
21.00
1.02
1.46
1.75
42.62
182.50
82.77
1.56
2.42
8.50
24.20
1.90
18.35
22.06
14.99
19.25
...
1.7
...
.3
...
...
3.0
...
...
...
...
...
...
.5
...
...
...
...
...
10.2
...
...
...
...
...
...
...
8.1
2.6
...
...
...
dd
cc
23
dd
dd
34
37
18
dd
dd
...
38
...
dd
dd
dd
83
dd
dd
10
dd
14
32
0
dd
29
dd
dd
22
50
12
15
...
.0158
...
.02
...
...
.07
...
...
...
...
...
...
.0875
...
...
...
...
...
.07
...
7.00
...
...
...
...
...
.055
.14
...
...
...
M22
BARRON’S
January 15, 2018
Nasdaq Issues
52-Week
High Low Name
30.25
5.21
6.40
115.05
18.25
17.95
19.10
88.50
32.75
26.38
66.44
2.17
15.99
3.30
4.17
65.63
14.51
13.35
13.90
60.93
16.98
15.13
50.54
0.74
DiscovComm A
DixieGroup
Dogness
DollarTree
DonegalGroup A
DonegalGroup B
DorchesterMnls
DormanProducts
DovaPharm
DuluthHoldings
Dunkin'
Durect
Tick
Div
Sym Yld P/E Last Chg. Amt.
DISCA
DXYN
DOGZ
DLTR
DGICA
DGICB
DMLP
DORM
DOVA
DLTH
DNKN
DRRX
...
...
...
...
3.2
3.2
7.3
...
...
...
2.0
...
13
dd
...
27
31
31
16
22
...
33
28
dd
24.33
3.55
4.75
114.84
17.69
15.50
15.70
71.74
29.72
17.82
64.39
1.17
+2.33
–0.14
–0.06
+3.70
+0.39
+0.28
+0.30
+0.35
+1.17
–0.31
–0.01
+0.21
...
...
...
...
.14
.1225
.2847
...
...
...
.3225
...
For personal Do not edit or alter. Reproductions not permitted.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or
E
3.85
32.19
16.91
54.00
2.14
1.62
6.15
21.95
7.61
97.15
67.61
31.50
40.13
82.00
7.20
29.15
62.50
13.06
12.20
7.98
36.00
19.00
6.10
28.59
16.20
15.92
14.85
3.72
153.13
34.03
27.72
122.79
51.15
2.54
12.20
3.87
29.10
61.76
52.00
51.15
14.45
6.55
7.66
9.85
11.30
35.96
3.45
24.78
237.30
30.70
33.95
25.58
38.25
47.60
20.45
97.75
495.35
36.99
7.47
129.73
32.33
14.38
74.95
22.52
11.01
1.03
21.86
101.07
3.00
32.25
25.39
5.84
50.95
32.50
63.35
14.43
161.00
66.83
77.15
81.76
20.00
14.34
12.50
2.25
25.97
14.01
32.25
0.37
0.89
3.73
17.35
4.18
45.05
48.07
18.85
29.70
52.40
4.26
13.00
49.82
9.45
7.30
6.04
13.12
6.25
0.80
10.35
6.10
11.51
9.55
2.12
103.64
14.90
6.10
78.89
25.54
0.62
5.80
2.14
20.45
25.92
28.95
37.30
5.77
1.17
4.08
6.20
6.13
4.74
0.65
16.51
180.50
20.60
18.05
11.47
29.02
36.65
9.30
54.28
361.90
29.13
5.52
106.91
17.50
11.31
10.71
8.31
8.39
0.60
9.41
70.51
1.96
16.63
6.69
2.66
23.30
16.72
44.25
6.72
115.55
51.57
55.75
55.80
11.31
5.22
7.55
EDAPTMS
EMC Insurance
ESSA Bancorp
E*TRADE
EV Energy
EVINE Live
EXFO
EagleBncpMT
EagleBulkShip
EaglePharm
EastWestBncp
Eastern
eBay
Ebix
Echelon
EchoGlobalLog
EchoStar
Ecology&Envt
EdgeTherap
EdgewaterTech
EditasMedicine
EducDev
Egalet
eHealth
EigerBioPharma
8Point3Energy
ElPolloLoco
ElbitImaging
ElbitSystems
EldoradoResorts
ElectroSci
ElectronicArts
EFII
ElevenBiotherap
Emcore
EmmisComm
EmpireResorts
EnantaPharma
EncoreCapital
EncoreWire
EndoIntl
Endocyte
Endologix
EnduranceIntl
EnergyRecovery
EnergyXXIGulfCoast
EnphaseEnergy
EnsignGroup
EnstarGroup
EntegraFin
Entegris
EntellusMedical
EnterpriseBncp
EnterpriseFinSvcs
Epizyme
ePlus
Equinix
EquityBcshs
Ericsson
ErieIndemnity A
ErytechPharma
Escalade
EsperionTherap
Essendant
EstreAmbiental
EstreAmbWt
Etsy
EuronetWorldwide
Ever-Glory
Everbridge
EverspinTech
Evogene
Exactech
Exelixis
ExlService
ExOne
Expedia
ExpeditorsIntl
Exponent
ExpressScripts
ExtractionOil
ExtremeNetworks
Ezcorp
EDAP
EMCI
ESSA
ETFC
EVEP
EVLV
EXFO
EBMT
EGLE
EGRX
EWBC
EML
EBAY
EBIX
ELON
ECHO
SATS
EEI
EDGE
EDGW
EDIT
EDUC
EGLT
EHTH
EIGR
CAFD
LOCO
EMITF
ESLT
ERI
ESIO
EA
EFII
EBIO
EMKR
EMMS
NYNY
ENTA
ECPG
WIRE
ENDP
ECYT
ELGX
EIGI
ERII
EXXI
ENPH
ENSG
ESGR
ENFC
ENTG
ENTL
EBTC
EFSC
EPZM
PLUS
EQIX
EQBK
ERIC
ERIE
ERYP
ESCA
ESPR
ESND
ESTR
ESTRW
ETSY
EEFT
EVK
EVBG
MRAM
EVGN
EXAC
EXEL
EXLS
XONE
EXPE
EXPD
EXPO
ESRX
XOG
EXTR
EZPW
54.40
149.50
38.94
15.27
49.35
24.85
188.90
9.65
24.98
37.35
44.30
55.92
7.25
21.19
17.61
60.15
50.00
24.95
28.85
32.36
66.44
45.75
35.40
36.41
31.90
114.63
21.97
9.06
35.80
6.47
126.78
3.38
6.79
28.75
34.05
39.79
2.52
9.78
8.54
21.05
24.43
20.08
15.50
23.20
31.25
24.45
25.65
17.20
FARO Tech
F5Networks
FNBBancorp
FRONTEO
FRP Holdings
FTD
Facebook
FamousDave's
Fanhua
FarmerBros
FarmersCapBk
Fastenal
FateTherap
FederatedNatl
Ferroglobe
FibroGen
FidelityD&D
FidelitySouthern
FiestaRestaurant
FifthThirdBncp
51job
FinancialEngines
FinInstitutions
Finisar
FARO
FFIV
FNBG
FTEO
FRPH
FTD
FB
DAVE
FANH
FARM
FFKT
FAST
FATE
FNHC
GSM
FGEN
FDBC
LION
FRGI
FITB
JOBS
FNGN
FISI
FNSR
...
3.1
2.2
...
...
...
...
1.7
...
...
1.2
1.6
...
.4
...
...
...
3.8
...
...
...
...
...
...
...
7.3
...
...
...
...
...
...
...
...
...
...
...
...
...
.2
...
...
...
...
...
...
...
.8
...
...
...
...
1.6
.9
...
...
1.8
...
1.6
2.9
...
3.5
...
5.5
...
...
...
...
...
...
...
...
...
...
...
...
.9
1.3
1.2
...
...
...
...
...
17
25
25
dd
dd
cc
16
dd
10
18
22
6
26
dd
dd
50
17
dd
dd
dd
16
dd
dd
dd
26
47
...
24
dd
dd
30
46
dd
22
0
dd
69
12
21
dd
dd
dd
dd
cc
0
dd
27
20
23
34
dd
19
20
dd
20
cc
27
dd
29
dd
18
dd
dd
...
...
cc
25
3
dd
dd
dd
cc
62
29
dd
52
28
35
13
dd
cc
28
2.65
28.14
16.68
53.94
.87
1.45
4.45
21.30
4.90
62.09
67.32
27.80
38.02
81.75
5.90
29.05
61.45
10.52
10.77
6.16
32.00
16.70
1.04
17.56
16.00
15.28
10.30
2.98
131.11
32.35
20.05
113.13
30.26
.85
6.73
3.05
27.25
60.98
42.45
50.95
7.95
4.06
4.59
8.80
8.98
7.53
2.24
23.92
211.50
28.85
32.50
24.13
34.43
47.25
14.85
77.85
435.95
36.22
7.02
117.10
22.43
13.00
73.26
10.23
9.01
.73
19.54
95.00
2.30
32.24
8.35
4.00
50.50
30.38
62.04
9.92
132.36
66.73
71.80
80.87
14.16
13.33
12.05
–0.14
–0.08
+0.76
+2.47
+0.18
+0.02
+0.11
+1.05
+0.20
+2.95
+4.82
+1.15
–1.67
+1.15
–0.07
+1.40
+0.80
–0.22
+0.37
–0.05
–1.59
–0.80
–0.04
+0.27
+2.30
–0.16
–0.55
+0.03
–4.32
+0.55
–0.27
+0.74
–0.47
–0.02
–0.33
–0.48
–0.85
+2.79
–0.32
+2.55
–0.74
–0.28
–0.53
+0.15
+0.14
+1.10
–0.23
+0.09
+2.00
+0.60
–0.25
+0.06
+0.94
+1.80
+0.45
+2.45
–13.54
+0.26
+0.21
–1.88
+1.03
+0.20
+4.42
+0.74
+0.24
–0.02
–0.71
–0.89
–0.10
+2.16
–1.12
+0.29
+1.15
–1.24
+0.74
+0.41
+5.24
+1.64
–0.10
+4.86
–0.56
–0.10
–0.05
...
.22
.09
...
...
...
...
.09
...
...
.20
.11
...
.075
...
...
...
.20
...
...
...
...
...
...
...
.2802
...
...
...
...
...
...
...
...
...
...
...
...
...
.02
...
...
...
...
...
...
...
.045
...
...
.07
...
.135
.11
...
...
2.00
...
.1112
.84
...
.115
...
.14
...
...
...
...
...
...
...
...
...
...
...
...
.30
.42
.21
...
...
...
...
...
...
1.4
...
...
...
...
...
3.3
...
1.2
2.3
...
2.0
...
...
1.9
2.1
...
2.0
...
.9
2.7
...
...
22
22
...
15
dd
35
dd
...
24
19
30
dd
dd
dd
dd
22
14
dd
12
cc
38
16
13
52.45
141.81
37.95
13.45
46.55
8.60
179.37
5.90
24.25
31.50
40.05
55.59
7.01
16.26
16.17
49.50
49.97
23.19
19.40
32.35
65.64
29.60
32.55
22.74
+1.75
+5.63
+0.92
+0.35
+2.45
+0.84
–7.48
–1.05
+0.71
–0.60
+1.15
+0.70
+0.19
–0.17
–0.29
+3.35
+3.08
+0.81
+0.05
+1.64
+3.13
–1.45
+0.30
+1.23
...
...
.13
...
...
...
...
...
.20
...
.125
.32
...
.08
...
...
.24
.12
...
.16
...
.07
.22
...
F
52-Week
High Low Name
18.30
18.00
41.76
32.33
35.10
14.95
32.88
28.43
459.27
32.24
28.50
19.40
56.91
29.40
48.85
52.35
21.29
19.84
29.50
34.68
42.40
45.35
45.42
42.03
26.16
18.35
76.61
53.29
18.30
10.14
74.49
138.07
73.55
27.81
50.80
19.28
5.93
32.25
57.83
50.48
8.04
31.69
11.11
17.05
34.19
18.65
45.20
47.75
20.60
45.64
60.93
33.00
26.78
27.50
74.30
46.80
19.50
47.20
19.14
20.46
11.50
20.50
53.85
1.31
2.49
13.90
19.90
9.90
8.00
6.90
10.35
26.47
25.00
26.05
10.60
27.33
20.57
319.40
23.23
20.50
15.75
46.27
22.80
36.85
39.55
14.83
13.64
19.56
26.30
25.48
33.33
35.26
28.37
20.50
14.69
25.56
42.15
13.00
7.29
47.60
104.51
37.14
15.27
19.73
14.40
2.68
16.51
43.25
33.75
2.52
24.27
4.03
10.30
21.56
10.45
35.52
34.95
3.02
31.36
45.86
3.04
5.50
11.80
17.50
25.25
5.31
36.00
3.52
12.07
7.53
9.25
6.08
0.70
0.80
2.73
16.45
5.81
1.30
FinishLine
FireEye
FirstBancorpNC
FirstBancorp
FirstBancshares
FirstBank
FirstBusey
FirstBusFinSvcs
FirstCitizBcshA
FstCmntyBcsh
FirstConnBncp
1stConstBncp
FirstDefiance
FirstFinBncpOH
FirstFinBkshs
FirstFinIN
FirstFinNW
FirstFoundation
FirstGuarBcshs
FirstHawaiian
FirstInternetBncp
FirstInterBanc
FirstMerchants
FirstMidILBcsh
FirstMidwestBncp
FirstNWBncp
FirstSolar
1stSource
FirstUnited
FirsthandTechVal
FirstService
Fiserv
FiveBelow
Five9
FivePrimeTherap
Flex
FlexPharma
FlexionTherap
Flexsteel
FlirSystems
Fluidigm
FlushingFin
FoamixPharm
FogodeChao
ForescoutTechs
FormFactor
FormulaSys
ForresterResearch
Forterra
Fortinet
ForwardAir
ForwardPharma
Fossil
FosterLB
FoundationMed
FoxFactory
Francesca's
FranklinElec
Fred's
FreightCarAmer
FrequencyElec
Freshpet
FrontierComm
FuelTech
FuelCell
FulgentGenetics
FultonFin
Funko
FutureFinTech
25.30
28.67
9.68
140.52
13.50
108.47
39.32
12.50
63.15
21.59
18.45
43.63
7.15
13.67
7.29
37.50
23.14
40.80
23.62
39.02
3.15
45.05
40.87
8.39
86.27
41.23
10.12
23.35
11.50
14.29
57.75
49.91
10.00
4.95
21.40
14.76
25.82
31.64
34.75
9.95
20.50
37.20
11.89
22.99
96.15
11.67
4.40
5.70
58.45
24.40
26.05
21.15
23.75
6.90
12.04
5.58
92.65
7.88
63.69
30.22
9.13
47.03
7.00
13.33
17.50
4.50
3.63
1.01
26.37
16.59
29.50
12.09
28.71
1.74
25.61
18.00
4.12
63.76
31.38
8.67
19.07
8.45
10.77
14.70
34.00
7.90
1.85
3.82
8.56
18.77
19.32
10.60
4.87
17.70
28.81
5.04
17.36
56.52
8.76
2.95
3.60
47.25
13.15
15.60
16.50
19.70
GDSHoldings
G1Therapeutics
GSI Tech
GWPharm
Gaia
Galapagos
Gaming&Leisure
GamingPartners
Garmin
GemphireTherap
GencorIndustries
GeneralComm A
GeneralFin
GenMarkDiagn
GenoceaBiosci
GenomicHealth
Gentex
Gentherm
GeospaceTech
GermanAmerBncp
Geron
GibraltarInds
GIIIApparel
GilatSatellite
GileadSciences
GlacierBancorp
GladstoneCap
GladstoneComm
GladstoneInvt
GladstoneLand
GlbBloodTherap
GlobalIndemnity
GlobalWaterRscs
GluMobile
GlycoMimetics
Gogo
GolarLNGPartners
GolarLNG
GoldenEnt
GoldenOcean
GolubCapital
Goodyear
GoPro
GovtPropIncoTr
GrandCanyonEduc
GreatElmCap
GreatElmCap
GreatLakesDredge
GreatSouthernBncp
GreenBancorp
GreenPlains
GreenPlainsPtrs
GreenlightCapRe
Tick
Div
Sym Yld P/E Last Chg. Amt.
FINL
FEYE
FBNC
FNLC
FBMS
FRBA
BUSE
FBIZ
FCNCA
FCBC
FBNK
FCCY
FDEF
FFBC
FFIN
THFF
FFNW
FFWM
FGBI
FHB
INBK
FIBK
FRME
FMBH
FMBI
FNWB
FSLR
SRCE
FUNC
SVVC
FSV
FISV
FIVE
FIVN
FPRX
FLEX
FLKS
FLXN
FLXS
FLIR
FLDM
FFIC
FOMX
FOGO
FSCT
FORM
FORTY
FORR
FRTA
FTNT
FWRD
FWP
FOSL
FSTR
FMI
FOXF
FRAN
FELE
FRED
RAIL
FEIM
FRPT
FTR
FTEK
FCEL
FLGT
FULT
FNKO
FTFT
3.2
...
.9
3.2
.4
.6
2.2
2.2
.3
2.4
2.2
1.3
1.9
2.4
1.6
2.1
1.7
...
2.3
2.7
.6
2.3
1.6
1.7
1.5
...
...
1.5
...
...
.7
...
...
...
...
...
...
...
1.8
1.2
...
2.5
...
...
...
...
1.5
1.7
...
...
1.0
...
...
...
...
...
...
.9
...
...
...
...
28.9
...
...
...
2.3
...
...
25
dd
21
17
29
23
21
17
17
19
21
18
17
18
29
17
19
20
19
20
17
21
20
17
22
30
dd
21
20
dd
55
33
44
dd
dd
19
dd
dd
15
32
dd
17
dd
19
...
64
58
42
dd
94
28
...
dd
dd
dd
32
8
24
dd
dd
dd
dd
dd
dd
dd
dd
18
...
dd
13.55
15.59
36.97
29.74
33.80
14.50
32.18
23.23
447.01
29.56
27.05
18.60
53.79
28.20
47.85
47.60
16.91
19.16
27.35
32.21
40.95
42.45
44.20
39.67
26.14
16.95
73.41
52.24
18.05
10.09
68.01
137.22
66.93
24.00
21.19
19.14
4.20
26.45
48.89
50.28
6.59
28.84
6.70
13.70
33.69
16.60
44.83
43.45
10.35
44.94
60.52
4.41
9.38
25.90
67.10
39.45
5.82
45.55
4.12
16.53
9.55
18.70
8.30
1.19
1.98
4.86
18.80
7.30
4.23
+0.49
+0.48
+0.74
+2.26
+0.65
+0.60
+2.14
+0.59
+26.18
+0.96
+0.75
+0.40
+1.79
+1.25
+2.90
+2.05
+1.04
+0.46
+1.89
+1.86
+2.00
+1.65
+2.03
+1.06
+1.77
+0.28
+4.24
+1.84
+0.55
+0.75
–0.76
+2.64
–5.44
–0.10
–0.65
+0.60
+0.34
+1.20
–0.06
+2.03
+0.06
+1.08
+0.42
+1.35
+4.80
+0.30
+1.09
–0.50
–0.66
+0.84
+2.40
–0.20
+1.04
+0.25
+1.40
...
–0.13
+0.15
+0.41
–0.07
+0.19
–0.05
+1.05
+0.05
+0.26
+0.41
+0.63
+1.18
–0.43
.11
...
.08
.24
.0375
.02
.18
.13
.35
.18
.15
.06
.25
.17
.19
.51
.07
...
.16
.22
.06
.24
.18
.34
.10
...
...
.20
...
...
.1225
...
...
...
...
...
...
...
.22
.15
...
.18
...
...
...
...
.34
.19
...
...
.15
23.123
...
...
...
...
...
.1075
.06
.09
...
...
.60
...
...
...
.11
...
...
...
...
...
...
...
...
7.0
...
3.3
...
...
...
...
...
...
...
1.7
...
...
1.4
...
...
...
...
2.6
2.1
8.9
7.6
6.9
4.0
...
...
3.2
...
...
...
10.0
.7
...
...
7.1
1.7
...
9.7
...
9.6
...
...
1.8
...
2.7
10.1
...
dd
...
dd
dd
2
dd
20
22
17
dd
29
dd
dd
dd
dd
dd
18
18
dd
22
dd
40
48
cc
9
23
14
cc
12
cc
dd
14
cc
dd
dd
dd
9
...
29
dd
13
9
dd
33
26
dd
dd
dd
15
25
25
10
19
23.25
23.04
8.25
131.97
12.10
108.38
36.01
10.87
61.96
7.52
16.85
41.40
6.90
4.60
1.13
35.40
23.00
32.95
15.19
37.21
2.04
36.50
40.50
8.26
79.02
39.87
9.42
19.84
11.29
13.39
56.60
41.65
8.78
3.77
20.25
10.35
23.14
29.73
32.18
8.94
18.07
33.91
6.23
17.69
92.68
10.36
4.05
5.20
52.35
23.40
17.50
18.20
20.55
–1.25
+3.88
+0.21
–1.46
...
+10.03
–0.68
–0.13
+2.22
–0.63
+0.05
+0.65
...
–0.43
...
–0.17
+1.22
+1.15
+0.67
+2.14
+0.17
+2.95
+1.39
+0.08
+4.50
+1.18
+0.17
–0.55
+0.25
–0.18
+15.10
+1.37
–0.38
–0.04
+1.43
–0.80
+0.15
–0.05
–0.72
–0.05
+0.19
+1.07
–1.29
–0.15
+3.84
+0.18
+0.25
+0.15
+0.85
+2.60
+0.70
–0.15
–0.70
...
...
...
...
...
...
.63
.12
.51
...
...
...
...
...
...
...
.10
...
...
.13
...
...
...
...
.52
.21
.07
.125
.065
.0443
...
...
.0236
...
...
...
.5775
.05
...
...
.08
.14
...
.43
...
.083
...
...
.24
...
.12
.46
...
G
GDS
GTHX
GSIT
GWPH
GAIA
GLPG
GLPI
GPIC
GRMN
GEMP
GENC
GNCMA
GFN
GNMK
GNCA
GHDX
GNTX
THRM
GEOS
GABC
GERN
ROCK
GIII
GILT
GILD
GBCI
GLAD
GOOD
GAIN
LAND
GBT
GBLI
GWRS
GLUU
GLYC
GOGO
GMLP
GLNG
GDEN
GOGL
GBDC
GT
GPRO
GOV
LOPE
GECC
GEC
GLDD
GSBC
GNBC
GPRE
GPP
GLRE
52-Week
High Low Name
Tick
Div
Sym Yld P/E Last Chg. Amt.
13.94
37.44
24.85
5.99
52.51
30.42
36.38
23.71
13.95
2.35
22.35
6.76
27.71
16.55
2.90
30.05
22.90
28.00
15.89
8.90
1.35
10.90
Gridsum
GriffinIndlRealty
Grifols
Groupon
GrAeroportuario
GuarantyBncp
GuarantyBcshrs
GuarFedBcsh
GulfIslandFab
Gulf Resources
GulfportEnergy
GSUM
GRIF
GRFS
GRPN
OMAB
GBNK
GNTY
GFED
GIFI
GURE
GPOR
41.32
44.73
19.45
20.90
19.75
20.69
48.94
45.61
11.83
21.13
37.45
54.55
35.55
9.79
22.29
18.78
6.18
3.95
116.20
59.45
31.91
54.80
22.36
43.95
37.38
55.68
55.31
31.53
25.22
56.40
27.10
102.88
13.20
93.50
16.74
24.45
33.25
17.00
35.30
6.00
13.95
242.00
27.19
46.80
47.20
29.69
32.55
28.00
52.75
22.99
16.29
29.25
17.69
11.81
22.00
32.68
13.95
8.05
52.50
2.40
121.51
15.85
48.85
47.65
42.25
12.00
17.44
28.97
16.60
11.01
8.75
13.24
7.02
31.01
9.91
10.74
17.32
41.05
25.45
6.09
15.92
9.51
2.80
2.25
80.22
32.40
22.20
34.20
16.63
28.97
12.65
37.54
37.62
20.60
18.71
42.10
17.90
85.40
10.63
65.28
12.76
12.85
22.50
10.80
9.40
2.00
4.88
148.02
15.08
35.76
32.52
20.82
24.00
21.40
29.75
15.10
13.51
24.20
9.45
9.66
8.74
26.64
8.05
4.70
33.17
1.00
83.35
12.14
26.25
29.53
12.62
4.75
H&E Equipment
HD Supply
HMN Fin
HMS Holdings
HabitRestaurants
HackettGroup
HailiangEduc
HainCelestial
HallmarkFin
HalozymeTherap
HamiltonLane
HancockHolding
HanmiFinancial
HanwhaQCELLS
HarborOneBncp
Hardinge
Harmonic
HarvardBioSci
Hasbro
HawaiianHoldings
HawaiianTelcom
Hawkins
HawthornBcsh
HaynesIntl
HealthInsInnov
HealthcareSvcs
HealthEquity
HealthStream
HeartlandExp
HeartlandFinUSA
Heidrick&Strug
HelenofTroy
HemisphereMedia
HenrySchein
HeritageCommerce
HeritageCrystal
HeritageFin
Hexindai
HibbettSports
HighpowerIntl
HimaxTechs
HinghamSvg
HollysysAuto
Hologic
HomeBancorp
HomeBancShares
HomeStreet
HomeTrustBcshs
HookerFurniture
HopeBancorp
HopFedBancorp
HorizonBancorp
HorizonPharma
HorizonTechFin
Hortonworks
HospitalityProp
HoughtonMifflin
HoustonWire
HubGroup
HudsonGlobal
JBHunt
HuntingtonBcshs
Hurco
HuronConsulting
HutchisonChina
Hydrogenics
HEES
HDS
HMNF
HMSY
HABT
HCKT
HLG
HAIN
HALL
HALO
HLNE
HBHC
HAFC
HQCL
HONE
HDNG
HLIT
HBIO
HAS
HA
HCOM
HWKN
HWBK
HAYN
HIIQ
HCSG
HQY
HSTM
HTLD
HTLF
HSII
HELE
HMTV
HSIC
HTBK
HCCI
HFWA
HX
HIBB
HPJ
HIMX
HIFS
HOLI
HOLX
HBCP
HOMB
HMST
HTBI
HOFT
HOPE
HFBC
HBNC
HZNP
HRZN
HDP
HPT
HMHC
HWCC
HUBG
HSON
JBHT
HBAN
HURC
HURN
HCM
HYGS
137.86
56.55
225.38
173.82
7.75
21.95
48.53
52.55
30.70
44.91
260.33
64.68
24.96
86.40
61.17
35.51
11.40
124.48
10.80
18.41
245.96
11.85
13.05
8.84
17.24
3.24
25.70
52.40
60.85
153.15
76.30
24.20
73.50
...
12.50
3.84
110.63
26.92
4.63
48.80
12.03
2.40
66.35
40.20
131.35
116.54
5.50
14.05
36.73
27.25
17.70
33.11
98.05
40.52
11.52
68.55
47.06
14.02
8.42
76.46
1.16
11.70
156.50
5.76
3.50
2.20
3.83
1.25
7.75
37.17
19.97
92.52
57.20
18.50
51.70
...
6.27
0.93
83.00
14.47
2.95
20.75
9.08
0.88
IAC/InterActive
ICF Intl
ICU Medical
IdexxLab
ID Systems
IES Holdings
IHSMarkit
II-VI
ILG
INTL FCStone
IPG Photonics
IRSA Prop
IXYS
Iberiabank
IcahnEnterprises
Ichor
iClickInteract
Icon
IconixBrand
iKangHealthcare
Illumina
Immersion
ImmuneDesign
Immunogen
Immunomedics
Immutep
ImpaxLabs
Imperva
Impinj
Incyte
IndependentBank
IndepBankMI
IndependentBank
IndLogistics
Infinera
InfinityPharm
InfinityPropCas
InflaRx
InfoSvcsGrp
InglesMarkets
InnerWorkings
Innodata
...
1.1
1.7
...
14.9
1.7
1.8
2.2
.3
...
...
dd
29
...
dd
19
22
...
16
dd
2
dd
11.78
37.44
24.76
5.11
41.51
28.95
31.73
22.30
13.65
1.56
13.36
+2.11
+0.30
+0.78
–0.12
–2.18
+1.00
+0.12
–0.35
+0.10
–0.01
+0.62
...
.40
.213
...
1.5476
.125
.14
.12
.01
...
...
2.7
...
...
...
...
1.9
...
...
...
...
1.9
1.8
2.6
...
...
.4
...
...
2.5
1.2
...
2.4
1.3
2.5
...
1.5
...
...
.3
.8
2.0
...
...
...
2.4
...
1.6
...
...
...
2.2
.6
.5
...
1.3
1.8
...
...
1.3
2.7
1.3
1.8
...
10.4
...
7.1
...
...
...
...
.8
2.8
.8
...
...
...
40
cc
16
59
38
21
49
52
dd
dd
39
22
18
cc
53
37
dd
dd
20
10
dd
18
16
dd
21
44
66
cc
39
19
dd
cc
30
22
22
28
23
...
14
5
cc
19
20
17
18
22
24
...
16
16
21
20
dd
20
dd
22
dd
dd
32
dd
32
19
21
dd
cc
dd
40.82
39.23
19.30
17.83
8.85
15.87
46.99
39.41
10.38
20.36
36.97
53.75
31.95
7.34
19.78
18.55
4.00
3.90
92.45
38.75
30.14
36.05
20.88
35.39
25.40
51.92
48.92
24.27
23.10
55.00
25.85
97.20
10.95
74.84
16.65
24.05
31.80
10.80
24.40
4.10
10.70
216.00
22.95
43.71
43.56
25.01
32.35
26.00
42.00
19.05
15.44
28.32
15.18
11.52
21.34
29.18
9.15
7.25
51.85
2.14
121.06
15.85
47.90
41.75
38.98
11.20
+2.14
–0.12
+0.05
+0.45
–0.45
+0.03
–0.81
–1.10
+0.03
+0.90
+1.97
+2.45
+1.90
–0.16
+0.56
+0.79
–0.15
+0.05
+0.04
–0.35
+1.00
+0.05
+0.23
+1.30
–2.10
–1.49
+0.48
+0.65
–0.12
+1.60
+1.60
+1.35
–0.25
+1.51
+1.05
+1.50
+1.20
–0.84
+2.75
–0.20
–0.15
+14.40
–1.57
–0.27
+1.46
+1.50
+3.50
+0.60
+1.25
+0.87
+1.02
+1.28
–0.27
+0.09
+0.60
...
+0.20
+0.15
+2.40
...
+4.79
+0.87
+2.50
+1.15
–1.50
+0.45
.275
...
...
...
...
.15
...
...
...
...
.175
.24
.21
...
...
.02
...
...
.57
.12
...
.44
.07
.22
...
.19
...
...
.02
.07
.13
...
...
...
.10
...
.10
...
...
...
.24
.34
.12
...
.14
.11
...
...
.14
.13
.05
.13
...
.10
...
.52
...
...
...
...
.23
.11
.10
...
...
...
...
...
...
...
...
...
...
...
2.1
...
...
4.3
...
1.8
10.7
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
1.7
2.0
.5
...
...
...
2.2
...
...
2.0
...
...
34
22
cc
56
dd
29
50
33
29
cc
38
15
35
23
5
17
...
22
dd
dd
46
dd
dd
dd
dd
...
dd
cc
dd
dd
24
21
24
...
dd
dd
22
...
dd
13
25
dd
134.70
54.30
224.00
173.24
6.92
17.85
47.85
51.45
29.09
43.35
258.27
57.50
24.60
82.45
55.89
24.74
8.74
113.27
1.42
15.74
244.72
7.10
3.65
7.79
16.51
1.90
19.10
44.25
23.41
94.07
73.80
23.90
73.20
23.35
7.08
2.05
105.00
23.51
4.16
33.75
10.25
1.20
+1.39
+0.85
+4.00
+6.64
–0.03
+0.70
+1.90
+1.20
+0.40
–0.20
+15.93
+1.00
+0.30
+4.30
+0.68
–2.76
–0.86
–4.35
+0.14
–0.08
+16.55
–0.44
–0.55
+1.05
+1.01
+0.15
+1.23
+2.15
–0.60
–5.78
+2.80
+1.25
+4.10
...
...
–0.16
+1.95
–0.24
–0.02
–1.20
+0.13
–0.05
...
...
...
...
...
...
...
...
.15
...
...
1.2334
...
.37
1.50
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
.32
.12
.10
...
...
...
.58
...
...
.165
...
...
H
I
IAC
ICFI
ICUI
IDXX
IDSY
IESC
INFO
IIVI
ILG
INTL
IPGP
IRCP
IXYS
IBKC
IEP
ICHR
ICLK
ICLR
ICON
KANG
ILMN
IMMR
IMDZ
IMGN
IMMU
IMMP
IPXL
IMPV
PI
INCY
INDB
IBCP
IBTX
ILPT
INFN
INFI
IPCC
IFRX
III
IMKTA
INWK
INOD
52-Week
High Low Name
Tick
Div
Sym Yld P/E Last Chg. Amt.
58.22
74.75
4.54
14.87
130.05
17.80
9.86
3.23
53.19
33.94
39.20
78.65
15.02
56.42
33.92
47.64
33.34
47.65
63.16
135.59
102.30
25.70
1.65
22.36
42.90
41.95
12.89
10.50
35.34
5.75
14.15
22.67
22.30
165.13
426.98
24.85
15.11
221.88
4.95
9.70
65.51
9.54
1.63
62.95
16.37
12.90
109.78
19.94
79.95
38.00
41.66
54.10
2.60
10.30
62.69
10.45
4.09
0.87
35.26
11.49
23.20
38.43
4.10
40.51
22.70
33.23
10.83
31.45
33.01
52.11
67.55
17.18
0.80
6.28
32.50
32.25
5.86
7.23
11.75
1.88
6.20
7.85
6.05
111.90
217.19
18.31
12.48
118.10
0.60
5.40
37.26
4.45
0.47
28.70
7.43
7.80
52.12
13.43
57.80
26.50
Innophos
Innospec
InnovSolSuprt
Innoviva
Inogen
Inovalon
InovioPharma
Inseego
InsightEnt
Insmed
InsteelInds
Insulet
InsysTherap
IntegraLifeSci
IntegratedDevice
Intel
IntelliaTherap
InterParfums
InteractiveBrkrs
InterceptPharm
InterDigital
Interface
Intermolecular
InterNAP
IntlBcshs
IntlSpeedwayA
InternetGold
InternetInitiat
IntersectENT
Intersections
Intevac
Intra-Cellular
Intricon
Intuit
IntuitiveSurgical
Investar
InvestorsBancorp
InvestorsTitle
InVivoTherap
Invuity
IonisPharma
IovanceBiotherap
iPass
iRhythmTechs
Iridex
IridiumComm
iRobot
IronwoodPharm
Itron
IturanLocation
IPHS
IOSP
ISSC
INVA
INGN
INOV
INO
INSG
NSIT
INSM
IIIN
PODD
INSY
IART
IDTI
INTC
NTLA
IPAR
IBKR
ICPT
IDCC
TILE
IMI
INAP
IBOC
ISCA
IGLD
IIJI
XENT
INTX
IVAC
ITCI
IIN
INTU
ISRG
ISTR
ISBC
ITIC
NVIV
IVTY
IONS
IOVA
IPAS
IRTC
IRIX
IRDM
IRBT
IRWD
ITRI
ITRN
5.85
8.48
157.33
48.99
3.41
91.48
123.56
113.00
10.44
46.20
163.75
24.13
76.18
29.29
6.40
63.45
2.20
4.42
121.20
26.52
0.92
71.09
88.11
90.89
6.71
35.52
113.85
18.05
31.25
11.05
3.65
18.90
JAKKS Pacific
JA Solar
J&JSnackFoods
JD.com
JMU
j2Global
JackHenry
JackintheBox
Jamba
JamesRiver
JazzPharma
JetBlue
JohnsonOutdoors
JounceTherap
JuniperPharm
JunoTherap
JAKK
JASO
JJSF
JD
JMU
JCOM
JKHY
JACK
JMBA
JRVR
JAZZ
JBLU
JOUT
JNCE
JNP
JUNO
4.12
12.40
114.43
71.20
25.99
12.65
113.99
26.75
15.80
8.61
9.90
14.63
15.80
30.93
28.50
5.40
10.15
31.20
21.61
8.18
27.30
22.45
20.97
47.78
14.40
9.95
4.60
23.15
97.77
13.93
28.71
17.50
3.30
4.94
79.20
42.45
16.44
7.65
74.56
11.81
5.48
3.75
3.50
7.48
13.35
20.27
20.30
2.45
8.30
20.95
11.08
6.69
16.75
15.05
15.40
27.19
8.17
1.50
3.00
12.85
75.21
6.96
16.75
5.78
KCAPFinancial
KEYW
KLA Tencor
KLX
K2MGroup
KVH Inds
KaiserAlum
KalaPharm
KalVistaPharm
Kamada
KandiTech
KaryopharmTherap
KearnyFinancial
KellyServices A
KellyServices B
KemPharm
KY FirstFedBncp
KewauneeSci
KeyTechnology
KeyTronic
Kforce
KimballElec
KimballIntl B
KinsaleCapital
Kirkland's
KonaGrill
Kopin
KornitDigital
KraftHeinz
KratosDefense
Kulicke&Soffa
KuraOncology
KCAP
KEYW
KLAC
KLXI
KTWO
KVHI
KALU
KALA
KALV
KMDA
KNDI
KPTI
KRNY
KELYA
KELYB
KMPH
KFFB
KEQU
KTEC
KTCC
KFRC
KE
KBAL
KNSL
KIRK
KONA
KOPN
KRNT
KHC
KTOS
KLIC
KURA
79.55
76.14
43.65
61.95
10.68
17.40
21.90
52.43
17.18
219.70
79.17
149.30
14.95
30.86
18.75
108.55
24.10
26.82
44.13
27.85
36.72
4.99
15.17
15.06
39.68
9.85
108.46
62.45
113.34
11.20
25.73
14.20
80.00
7.95
LGI Homes
LHC Group
LKQ
LPL Financial
LSI Inds
LakeShoreBancorp
LakelandBcp
LakelandFin
LakelandInd
LamResearch
LamarAdv
LancasterColony
Landec
LandmarkBncp
LandmarkInfrPtrs
LandstarSystem
Lantheus
LGIH
LHCG
LKQ
LPLA
LYTS
LSBK
LBAI
LKFN
LAKE
LRCX
LAMR
LANC
LNDC
LARK
LMRK
LSTR
LNTH
4.1
1.1
...
...
...
...
...
...
...
...
.4
...
...
...
...
2.5
...
1.8
.6
...
1.7
1.0
...
...
1.6
1.1
...
...
...
...
...
...
...
.9
...
.5
2.5
.8
...
...
...
...
...
...
...
...
...
...
...
2.7
21
20
12
16
94
cc
dd
dd
14
dd
25
dd
dd
83
45
15
dd
35
54
dd
11
30
dd
dd
19
27
16
28
dd
dd
22
dd
dd
44
54
25
22
18
dd
dd
cc
dd
dd
dd
dd
14
42
dd
42
18
46.34
73.20
3.21
14.54
115.59
14.20
4.48
1.71
38.61
31.66
29.47
75.62
8.84
50.57
32.29
43.24
21.45
46.25
63.10
54.95
80.70
25.70
1.34
15.28
42.05
40.15
8.75
9.70
34.35
2.05
6.75
18.87
21.75
164.51
419.04
24.70
14.36
195.74
.72
5.60
53.22
9.00
.48
62.62
8.09
12.70
87.19
15.12
71.70
35.30
–0.09
+1.95
+0.06
+0.35
–4.26
–1.00
...
+0.11
+0.23
+2.15
+0.36
+6.86
–1.86
+4.02
+0.35
–1.50
–1.26
+2.65
+2.76
–3.26
+0.85
+0.60
–0.08
–0.26
+2.40
+1.05
–0.85
+0.63
+0.50
–0.16
–0.05
+1.40
+1.50
+0.40
+40.03
+0.85
+0.62
+4.57
–0.02
–0.45
+3.33
+0.65
–0.06
+2.81
+0.14
+0.65
+5.19
–0.02
+1.50
+0.25
.48
.39
...
...
...
...
...
...
...
...
1.00
...
...
...
...
.2725
...
.21
.10
...
.35
.065
...
...
.33
.43
...
...
...
...
...
...
...
.39
...
.0315
.09
2.40
...
...
...
...
...
...
...
...
...
...
...
.24
...
...
1.2
...
...
2.1
1.0
1.7
...
3.3
...
...
.6
...
...
...
dd
...
35
dd
dd
29
39
21
dd
16
25
12
18
dd
10
dd
2.50
7.38
146.50
46.40
1.18
77.03
123.38
92.86
9.24
36.13
150.19
22.93
62.40
16.37
5.98
48.75
–0.05
–0.04
–1.80
+0.76
+0.05
+1.68
+3.60
–5.54
+0.39
–1.75
+14.60
+1.55
–0.59
+2.33
+0.63
+0.75
...
...
.45
...
...
.395
.31
.40
...
.50
...
...
.10
...
...
...
11.6
...
2.2
...
...
...
1.8
...
...
...
...
...
.8
1.1
1.1
...
4.5
2.3
...
...
1.8
...
1.4
.5
...
...
...
...
3.2
...
...
...
55
dd
18
43
dd
dd
23
...
dd
dd
dd
dd
63
15
14
dd
83
18
30
18
19
16
20
36
29
dd
dd
dd
25
dd
16
dd
3.44
6.37
107.29
70.71
20.25
11.15
112.41
15.60
10.01
5.65
7.20
10.78
14.45
28.55
27.00
5.00
8.82
29.95
18.87
7.20
26.65
19.30
19.37
43.95
12.37
1.80
3.49
15.70
77.35
11.33
24.73
16.05
+0.01
+0.43
–2.57
+2.06
+1.06
+0.45
+2.07
+3.35
+0.01
+0.45
–0.65
+0.53
+0.20
+0.73
–1.50
+0.15
+0.02
+1.15
–0.31
+0.29
...
+0.30
+0.47
–1.01
+0.33
...
–0.11
+0.15
–0.49
–0.40
–0.98
+1.10
.10
...
.59
...
...
...
.50
...
...
...
...
...
.03
.075
.075
...
.10
.17
...
...
.12
...
.07
.06
...
...
...
...
.625
...
...
...
...
...
...
1.6
2.9
1.9
2.0
1.7
...
1.1
4.6
1.9
...
2.7
7.9
.4
...
18
27
27
26
dd
36
19
22
17
17
23
31
40
29
36
30
29
75.60
63.24
43.47
61.19
6.96
17.17
20.35
51.08
14.40
188.51
71.43
127.32
12.80
28.06
18.20
108.45
23.48
–1.83
–1.10
+1.45
+1.47
–0.30
+0.17
+1.00
+2.42
+0.20
–7.89
–0.18
–1.18
–0.20
+0.06
–0.55
+3.75
+1.78
...
...
...
.25
.05
.08
.10
.22
...
.50
.83
.60
...
.1905
.3575
1.50
...
J
K
L
52-Week
High Low Name
7.55
18.96
28.10
13.64
10.10
2.77
46.03
39.88
370.74
18.00
18.29
104.35
104.66
58.20
37.69
37.00
26.91
26.93
62.41
22.22
22.04
39.37
41.14
26.52
26.20
46.43
46.51
46.24
16.20
17.50
18.75
70.95
21.20
12.09
149.31
6.05
26.06
3.74
99.59
9.95
215.00
88.56
26.35
15.10
40.82
129.51
7.51
19.00
51.75
95.92
81.92
68.63
22.42
12.90
5.05
10.46
18.70
6.98
4.90
1.07
31.50
19.82
102.40
8.07
10.15
74.28
75.48
41.92
28.17
27.36
17.62
17.24
39.62
20.09
20.04
27.63
27.55
19.30
19.30
34.44
35.14
34.10
9.90
9.00
7.90
42.50
13.80
7.20
95.08
2.02
16.39
1.83
77.68
4.34
148.11
45.68
18.00
5.43
24.99
90.35
2.43
4.00
36.80
36.75
47.26
34.15
17.68
11.50
LatticeSemi
LaureateEduc
LawsonProducts
LayneChristensen
LeapTherap
LegacyReserves
LegacyTexasFin
LeMaitreVascular
LendingTree
LexiconPharm
LexinFintech
LibertyBroadbandA
LibertyBroadbandC
LibertyExpediaA
LibertyGlobal A
LibertyGlobal C
LibertyQVC B
LibertyQVC A
LibertyVenturesA
LibertyLatAmA
LibertyLatAmC
LibertyFormOne A
LibertyFormOne C
LibertyBraves A
LibertyBraves C
LibertySirius A
LibertySirius B
LibertySirius C
LibertyTax
LibertyTripAdvB
LibertyTripAdvA
LifePointHealth
LifetimeBrands
LifewayFoods
LigandPharm
LimelightNetworks
Limoneira
LincolnEduc
LincolnElectric
LiquiditySvcs
Littelfuse
LivaNova
LiveOakBcshs
LivePerson
LogitechIntl
LogMeIn
LonestarRscs
LoopIndustries
LoralSpace
LoxoOncology
lululemon
Lumentum
Luminex
LutherBurbank
65.99
47.64
12.10
23.99
12.26
68.70
80.75
110.60
18.70
20.00
59.00
43.77
10.66
22.31
8.00
99.80
9.50
8.90
14.95
18.95
40.67
40.90
33.35
24.54
52.85
20.35
6.96
53.29
3.75
9.87
211.06
29.95
140.26
22.35
20.90
24.22
104.71
33.08
16.50
23.10
31.60
4.05
76.00
55.43
6.61
65.97
50.09
5.55
55.95
7.85
85.92
8.25
39.64
29.60
24.25
66.70
344.52
38.08
15.00
55.00
21.65
21.37
17.29
46.40
39.90
21.01
33.63
169.81
12.50
29.73
38.28
9.25
13.67
6.13
58.50
41.16
60.40
14.25
15.50
44.65
23.00
8.87
14.36
4.13
64.05
6.75
5.55
12.01
5.55
30.82
22.40
17.17
10.88
40.75
12.51
0.67
33.50
2.50
1.06
153.95
20.10
81.93
12.81
12.70
13.83
70.48
15.42
7.55
7.80
12.71
2.10
50.10
40.44
4.29
20.69
32.09
1.60
25.40
4.40
47.77
4.15
21.76
16.00
10.25
40.70
172.85
28.92
10.45
29.43
15.85
17.25
10.75
24.23
10.04
12.71
13.23
113.57
4.80
Macom Tech
MB Fin
MBT Fin
MCBCHoldings
MDC Partners
MGE Energy
MGPIngredients
MKS Instrum
MSB Fin
MTGEInvestment
MTS Systems
MYR Group
Macatawa
Macrogenics
MagalSec
MagellanHealth
MagicSoftware
magicJackVocal
MagyarBancorp
MaidenHoldings
MainSourceFncl
MakeMyTrip
MalibuBoats
MammothEnergy
ManhattanAssoc
Mannatech
MannKind
ManTechIntl
Marchex
MarinusPharma
MarketAxess
MarlinBusSvcs
Marriott
MartenTransport
MartinMidstream
MarvellTech
Masimo
MatchGroup
Materialise
MatrixService
Mattel
Mattersight
MatthewsIntl
MaximIntProducts
MaxwellTechs
MazorRobotics
McGrathRentCorp
MedallionFin
Medicines
MediciNova
MedidataSolutions
MediWound
Medpace
MelcoResorts
MelintaTherap
MellanoxTech
MercadoLibre
MercantileBank
MercerIntl
MercurySystems
MeridianBancorp
MeridianBank
MeridianBiosci
MeritMedical
MerrimackPharm
MersanaTherap
Merus
MesaLab
Mesoblast
Tick
Div
Sym Yld P/E Last Chg. Amt.
LSCC
LAUR
LAWS
LAYN
LPTX
LGCY
LTXB
LMAT
TREE
LXRX
LX
LBRDA
LBRDK
LEXEA
LBTYA
LBTYK
QVCB
QVCA
LVNTA
LILA
LILAK
FWONA
FWONK
BATRA
BATRK
LSXMA
LSXMB
LSXMK
TAX
LTRPB
LTRPA
LPNT
LCUT
LWAY
LGND
LLNW
LMNR
LINC
LECO
LQDT
LFUS
LIVN
LOB
LPSN
LOGI
LOGM
LONE
LOOP
LORL
LOXO
LULU
LITE
LMNX
LBC
...
...
...
...
...
...
1.4
.7
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
5.5
...
...
...
.9
...
...
...
1.1
...
1.6
...
.7
...
.5
...
1.8
.8
...
...
...
...
...
...
1.2
...
dd
dd
50
dd
...
dd
21
42
cc
dd
...
cc
cc
1
cc
cc
11
11
24
...
...
...
...
dd
dd
25
25
25
15
cc
cc
12
17
67
cc
dd
53
dd
24
dd
30
70
27
dd
28
cc
dd
dd
18
dd
39
dd
31
8
6.19
15.67
24.90
13.34
6.28
2.07
45.13
32.64
364.00
10.24
13.89
90.30
90.70
48.87
36.87
34.89
26.91
26.85
57.98
21.16
20.95
33.20
34.74
23.11
23.31
41.06
40.42
40.96
11.70
12.42
10.10
49.60
18.35
7.99
148.90
4.23
21.79
2.03
97.87
5.10
206.45
82.28
24.75
12.55
35.82
121.00
4.97
16.55
46.45
89.99
78.84
53.20
20.72
12.36
+0.17
+1.46
+0.20
+0.29
+0.01
+0.51
+2.05
+1.94
+7.95
+0.05
–0.75
+1.47
+1.77
+2.10
+0.68
+0.51
+1.23
+1.21
+0.95
+0.07
+0.26
+0.79
+0.62
+0.84
+0.89
+1.12
+1.21
+1.09
+0.20
+2.92
+0.70
+2.05
+0.70
–0.25
+7.52
–0.47
+0.66
...
+2.88
+0.25
+5.26
+1.33
+0.85
+0.50
+1.01
+0.30
+0.48
+1.33
+0.45
+4.69
–0.59
+2.10
+0.22
+0.37
...
...
...
...
...
...
.16
.055
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
.16
...
...
...
.0425
...
...
...
.0625
...
.39
...
.37
...
.03
...
.6318
.25
...
...
...
...
...
...
.06
...
...
1.8
2.3
...
...
2.2
.2
.7
...
10.9
2.2
...
2.0
...
...
...
...
...
...
7.8
1.8
...
...
...
...
3.3
...
1.6
...
...
.6
2.4
.9
.5
12.6
1.0
...
...
...
...
...
...
1.5
2.6
...
...
2.1
...
...
...
...
...
...
1.3
...
...
.2
2.0
3.4
...
.9
...
3.3
...
...
...
...
.5
...
dd
20
17
21
29
27
40
17
33
10
42
38
19
dd
dd
26
33
dd
53
dd
22
dd
18
dd
30
57
dd
34
dd
dd
52
21
38
36
34
40
14
22
dd
dd
dd
dd
23
27
dd
dd
26
32
dd
dd
96
dd
55
43
dd
dd
cc
20
20
60
25
...
30
74
dd
...
dd
48
dd
36.50
46.96
10.65
21.84
9.40
59.00
75.41
96.20
17.60
18.30
54.45
35.77
10.21
20.53
5.44
98.25
8.95
8.45
12.62
7.70
38.97
31.85
29.76
23.46
52.44
15.31
2.41
51.90
3.31
7.34
203.72
23.60
139.78
22.05
15.85
23.84
85.67
32.64
13.78
19.95
15.29
2.60
51.70
55.05
6.05
60.61
49.66
5.38
27.51
7.68
66.90
4.60
37.10
27.01
16.05
66.30
342.47
37.45
14.75
51.46
21.35
19.85
15.30
45.30
10.74
15.44
18.85
133.66
5.89
–0.32
+2.14
+0.35
+0.42
–0.20
–2.45
–2.44
–5.35
–0.13
+0.05
+1.15
+0.86
+0.28
+0.60
–0.03
–0.75
+0.05
...
+0.07
+0.90
+1.82
+1.20
+0.84
+1.23
+1.12
+0.71
–0.06
+0.41
–0.09
–0.79
–3.51
+2.10
+5.38
+1.45
+1.30
+0.84
–3.42
+0.84
+1.66
+2.05
–0.97
–0.15
–2.45
+1.79
+0.31
+3.63
+0.75
+1.48
+0.37
+0.68
+2.03
–0.18
+0.07
–0.74
–0.40
+1.60
+11.60
+2.35
+0.60
+0.36
+0.60
–0.59
+0.20
+0.60
–0.32
–1.45
+0.60
+4.54
–0.06
...
.21
.06
...
...
.3225
.04
.18
.425
.50
.30
...
.05
...
...
...
...
...
...
.15
.18
...
...
...
...
.125
...
.21
.50
...
.33
.14
.33
.025
.50
.06
...
...
...
...
.15
...
.19
.36
...
...
.26
...
...
...
...
...
...
.09
...
...
.15
.19
.125
...
.05
...
.125
...
...
...
...
.16
...
M
MTSI
MBFI
MBTF
MCFT
MDCA
MGEE
MGPI
MKSI
MSBF
MTGE
MTSC
MYRG
MCBC
MGNX
MAGS
MGLN
MGIC
CALL
MGYR
MHLD
MSFG
MMYT
MBUU
TUSK
MANH
MTEX
MNKD
MANT
MCHX
MRNS
MKTX
MRLN
MAR
MRTN
MMLP
MRVL
MASI
MTCH
MTLS
MTRX
MAT
MATR
MATW
MXIM
MXWL
MZOR
MGRC
MFIN
MDCO
MNOV
MDSO
MDWD
MEDP
MLCO
MLNT
MLNX
MELI
MBWM
MERC
MRCY
EBSB
MRBK
VIVO
MMSI
MACK
MRSN
MRUS
MLAB
MESO
January 15, 2018
BARRON’S
M23
Nasdaq Issues
52-Week
High Low Name
Tick
Div
Sym Yld P/E Last Chg. Amt.
106.74
64.40
25.25
95.92
49.89
58.33
89.78
205.96
3.25
3.25
37.80
150.87
46.74
36.50
38.29
40.90
33.05
2.94
36.25
11.90
12.00
5.14
9.13
38.00
6.78
2.90
19.90
46.69
47.92
47.23
17.92
34.00
126.80
25.78
61.50
66.16
99.11
31.57
5.00
88.25
13.35
40.50
47.19
53.25
37.30
60.70
39.48
17.25
64.68
21.49
46.09
62.03
122.91
1.15
0.92
24.25
107.53
32.23
28.70
30.56
28.55
19.12
2.27
21.57
4.80
7.05
2.82
6.21
26.70
3.20
1.39
11.85
21.30
23.10
39.19
11.26
24.62
84.45
15.75
39.65
41.02
68.43
23.92
2.45
63.05
8.06
29.20
29.39
10.55
15.15
MetaFinancial
Methanex
Michaels
MicrochipTech
MicronTech
Microsemi
Microsoft
MicroStrategy
MicroVision
MidConEnergy
MidPennBancorp
Middleby
MiddlesexWater
MidlandStBncp
MidWestOneFin
MillerHerman
Mimecast
Mind CTI
Mindbody
MinervaNeurosci
Misonix
MitchamIndustries
MitelNetworks
MobileMini
MobileIron
ModusLink
MomentaPharm
Momo
MonarchCasino
Mondelez
MoneyGram
MongoDB
MonolithicPower
MonotypeImaging
Monro
MonsterBev
Morningstar
MotorcarParts
MtnProvDiamonds
Multi-Color
MustangBio
MutualFirstFin
Mylan
MyoKardia
MyriadGenetics
CASH
MEOH
MIK
MCHP
MU
MSCC
MSFT
MSTR
MVIS
MCEP
MPB
MIDD
MSEX
MSBI
MOFG
MLHR
MIME
MNDO
MB
NERV
MSON
MIND
MITL
MINI
MOBL
MLNK
MNTA
MOMO
MCRI
MDLZ
MGI
MDB
MPWR
TYPE
MNRO
MNST
MORN
MPAA
MPVD
LABL
MBIO
MFSF
MYL
MYOK
MYGN
10.95
42.55
29.07
94.75
25.70
3.35
19.00
32.90
119.70
14.10
32.42
20.70
10.19
8.45
81.55
14.76
100.90
2.88
129.82
15.25
43.80
26.99
46.33
41.99
58.16
18.17
41.36
368.00
12.10
43.60
17.05
60.35
73.95
64.42
13.15
13.81
62.80
377.64
222.55
65.55
38.48
83.84
6.81
25.17
16.74
17.22
17.60
19.40
80.45
11.95
24.94
6.00
151.84
29.95
27.00
107.56
19.34
38.15
18.63
21.11
35.72
3.10
31.88
24.37
55.10
2.14
12.12
22.90
19.93
19.95
38.80
67.95
81.68
15.00
226.27
30.80
7.40
31.28
13.85
65.72
15.45
0.22
10.07
17.70
96.00
4.75
23.73
7.03
2.60
2.71
65.98
7.35
52.90
1.00
45.40
5.12
35.00
16.21
29.80
16.50
38.76
11.53
27.19
287.10
8.25
28.40
11.48
45.80
11.41
44.63
4.85
8.87
35.41
233.50
130.58
41.50
25.75
38.43
5.90
5.90
13.72
11.88
12.30
15.15
55.95
7.59
11.99
3.16
107.16
12.95
13.85
81.92
15.36
26.31
14.95
12.41
21.29
1.06
13.96
3.22
21.55
0.73
3.08
6.00
14.02
9.32
14.38
31.60
49.25
5.76
95.17
20.45
Napco Security
NBT Bancorp
NCS Multistage
NICE
NIC
NII Holdings
NMI Holdings
NN
NXP Semi
NabrivaTherap
Nanometrics
NanoStringTech
NantHealth
NantKwest
Nasdaq
Natera
Nathan's
NationalAmerUniv
NationalBeverage
NatlCineMedia
NationalCommerce
NatlGeneral
NatlInstruments
NatlResearch A
NatlResearch B
NatlSecurity
NationalVision
NatlWesternLife
NaturalAlt
NatusMedical
Navient
NavigatorsGroup
NektarTherap
Neogen
NeosTherap
Net1UEPS
NetApp
Netease
Netflix
Netgear
NetScout
Neurocrine
NY Mortgage
NewLinkGenetics
Newmark
NewsCorp A
NewsCorp B
NewtekBusSvcs
NexstarMedia
NicholasFin
NightstarTherap
Noodles
Nordson
NortheastBancorp
NorthernTechsIntl
NorthernTrust
NorthfieldBanc
NorthrimBanCorp
NorthwestBcshs
NorthwestPipe
NorwoodFin
NovaLifestyle
NovaMeasuring
Novan
Novanta
Novavax
NovelionTherap
Novocure
NuanceComms
NuCana
Nutanix
Nutrisystem
Nuvasive
Nuvectra
NVIDIA
NxstageMed
NSSC
NBTB
NCSM
NICE
EGOV
NIHD
NMIH
NNBR
NXPI
NBRV
NANO
NSTG
NH
NK
NDAQ
NTRA
NATH
NAUH
FIZZ
NCMI
NCOM
NGHC
NATI
NRCIA
NRCIB
NSEC
EYE
NWLI
NAII
BABY
NAVI
NAVG
NKTR
NEOG
NEOS
UEPS
NTAP
NTES
NFLX
NTGR
NTCT
NBIX
NYMT
NLNK
NMRK
NWSA
NWS
NEWT
NXST
NICK
NITE
NDLS
NDSN
NBN
NTIC
NTRS
NFBK
NRIM
NWBI
NWPX
NWFL
NVFY
NVMI
NOVN
NOVT
NVAX
NVLN
NVCR
NUAN
NCNA
NTNX
NTRI
NUVA
NVTR
NVDA
NXTM
.5
2.0
...
1.6
...
...
1.9
...
...
...
1.6
...
2.4
2.4
2.0
1.8
...
11.9
...
...
...
...
...
2.4
...
...
...
...
...
2.1
...
...
.7
1.8
1.2
...
1.0
...
...
.3
...
1.9
...
...
...
22
20
13
37
7
38
30
22
dd
dd
18
26
30
22
17
20
dd
10
dd
dd
dd
dd
dd
34
dd
dd
dd
18
30
29
28
dd
76
...
32
46
25
16
22
23
dd
20
29
dd
24
103.75
61.25
25.03
93.44
42.81
58.13
89.60
139.75
1.47
1.88
37.50
135.73
37.37
33.97
34.75
40.55
32.29
2.69
33.10
6.25
9.57
3.87
8.88
37.55
4.20
2.31
15.75
26.47
45.42
42.47
12.65
29.28
122.89
25.25
60.05
63.77
97.32
28.15
2.78
77.90
11.77
38.40
46.90
52.90
36.05
+13.60
–1.95
+0.48
+1.18
–2.99
+2.40
+1.41
+4.74
–0.31
+0.25
+2.50
–0.56
–0.30
+1.07
+1.25
+0.70
+0.73
–0.02
+1.45
+0.25
+0.12
+0.41
+0.46
+2.10
+0.23
–0.02
–1.80
–1.36
+0.31
–0.76
+0.37
+0.23
+2.82
+0.50
–0.20
+0.28
+0.83
+0.14
–0.02
+3.50
–0.12
+0.60
+2.36
+10.60
+1.22
.13
.30
...
.3625
...
...
.42
...
...
...
.10
...
.2238
.20
.17
.18
...
.32
...
...
...
...
...
.227
...
...
...
...
...
.22
...
...
.20
.113
.18
...
.25
...
...
.05
...
.18
...
...
...
...
2.4
...
.7
1.8
...
...
1.0
...
...
...
...
...
...
1.9
...
...
...
...
13.5
...
.8
1.9
1.1
4.3
1.2
...
.1
...
...
4.6
.5
...
...
...
...
1.3
.9
...
...
...
...
13.2
...
...
1.2
1.1
9.9
1.5
...
...
...
.8
.2
1.7
1.6
2.3
2.5
3.8
...
2.8
...
...
...
...
...
...
...
...
...
...
1.3
...
...
.3
...
29
20
...
63
21
dd
15
dd
26
dd
14
dd
dd
dd
54
dd
43
dd
38
20
23
21
53
72
18
dd
...
13
11
dd
8
43
dd
59
dd
10
27
23
cc
30
cc
dd
11
dd
...
dd
dd
11
30
42
dd
dd
29
15
26
24
23
15
18
dd
19
13
16
dd
40
dd
dd
dd
dd
dd
dd
29
45
dd
55
dd
9.40
38.16
19.40
94.09
17.45
.68
18.95
28.00
119.58
6.18
25.42
8.32
3.77
4.62
81.43
10.18
75.25
1.31
101.29
6.54
42.10
20.46
44.31
36.85
55.94
17.12
40.92
336.89
10.36
28.95
13.88
49.05
72.00
59.12
10.38
12.22
62.77
328.83
221.23
65.40
27.55
81.37
6.07
8.58
15.87
17.15
17.55
17.77
79.45
8.81
14.31
5.75
148.46
24.75
23.70
107.26
17.14
35.10
16.97
19.97
31.95
2.68
26.76
3.40
54.70
1.61
4.07
21.70
17.09
14.30
37.84
52.50
53.33
9.43
222.98
24.77
+0.30
+1.59
+1.96
+1.30
+0.45
+0.28
+1.65
+0.05
+1.53
–0.17
–0.66
+0.07
+0.25
+0.02
+2.22
+0.28
+0.75
–0.10
+3.84
–0.07
+0.95
+0.80
+0.88
+0.35
+0.04
+0.27
+2.02
+3.09
–0.02
–7.45
–0.13
+0.30
+14.24
–0.52
+0.03
–0.33
+3.92
–15.44
+11.24
+5.85
–3.70
–0.36
–0.06
–0.42
+0.32
+0.35
+0.35
–0.33
+6.00
+0.01
+0.34
+0.45
–0.88
+1.75
–2.76
+5.26
+0.27
+1.45
+0.46
+0.34
+0.39
+0.34
–1.46
+0.04
+3.80
+0.32
+0.12
+0.90
+0.13
+3.29
+0.93
+2.85
–7.68
+1.57
+7.58
+0.13
...
.23
...
.16
.08
...
...
.07
...
...
...
...
...
...
.38
...
5.00
.045
1.50
.22
...
.04
.21
.10
.60
.05
...
.36
...
...
.16
.06
...
...
...
...
.20
.72
...
...
...
...
.20
...
...
.10
.10
.44
.30
...
...
...
.30
.01
.10
.42
.10
.22
.16
...
.22
...
...
...
...
...
...
...
...
...
...
.175
...
...
.15
...
For personal Do not edit or alter. Reproductions not permitted.
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N
52-Week
High Low Name
Tick
Div
Sym Yld P/E Last Chg. Amt.
O
1.95
9.30
11.99
282.83
96.64
2.80
5.91
13.18
14.70
16836
30.65
11.30
11.79
25.37
6.26
43.85
33.64
142.74
18.95
15.00
56.65
27.16
76.63
27.09
55.40
23.66
3.95
1.67
10.89
11.90
2.45
9.00
35.80
5.05
10.40
3.75
21.50
29.35
23.01
56.44
5.70
3.85
2.40
17.85
56.53
23.00
21.15
48.65
2.05
89.80
15.93
19.51
11.65
0.85
4.50
7.77
169.43
53.80
1.45
3.90
6.53
5.00
20.22
24.02
5.87
3.30
22.31
2.97
26.50
21.52
80.56
15.38
9.65
28.90
15.83
41.87
8.71
32.35
13.02
0.78
0.02
2.91
7.80
1.18
6.50
30.88
2.24
6.40
2.13
15.01
18.45
8.39
28.01
1.14
1.32
0.77
15.30
33.51
17.03
2.80
35.65
1.08
13.75
5.28
10.81
9.11
OHAInvestment
OPKOHealth
Orbcomm
OReillyAuto
OSI Systems
O2MicroIntl
OaktreeSpec
ObalonTherap
ObsEva
OceanRigUDW
OceanFirstFin
Oclaro
OcularTherapeutix
OdonateTherap
OfficeDepot
OhioValleyBanc
Okta
OldDomFreight
OldNatlBncp
Old2ndBcp
Ollie'sBargain
OlympicSteel
OmegaFlex
Omeros
Omnicell
ON Semi
Oncobiologics
OncobiologicsWtA
OncoMedPharm
1-800-FLOWERS
180DegreeCap
1347 Property
OpenText
Ophthotech
Optibase
OpticalCable
OptiNose
OpusBank
OraSureTechs
Orbotech
OrexigenTherap
OrganovoHoldings
OriginAgritech
OritaniFinancial
OrthofixIntl
OrthoPediatrics
Otonomy
OtterTail
Ovascience
Overstock
OvidTherap
OxfordImmunotec
OxfordLane
43.20
8.74
30.48
31.20
8.48
78.61
23.93
3.55
16.95
17.45
18.00
20.20
42.70
92.84
8.00
67.12
23.71
76.60
5.74
9.85
42.55
58.95
57.53
12.80
21.29
86.99
6.80
29.00
47.80
6.60
71.13
18.30
27.32
26.56
48.30
29.76
70.39
53.96
80.77
6.20
37.30
64.85
32.35
52.70
8.68
50.00
19.85
35.43
36.12
51.56
120.57
10.81
20.22
3.52
2.38
9.35
7.15
25.99
3.40
28.23
53.32
40.25
11.95
38.39
33.59
71.55
14.50
5.60
23.52
8.80
5.11
36.74
14.11
1.96
14.50
9.01
8.09
12.20
25.72
54.08
5.35
46.87
8.12
61.93
2.51
6.70
32.05
29.81
43.08
3.10
13.99
55.05
3.50
13.95
34.25
4.60
40.07
13.85
16.72
19.26
32.07
14.83
54.20
29.69
39.02
4.00
28.24
37.10
13.00
31.00
6.67
38.12
15.97
29.55
19.65
39.00
101.06
5.96
16.20
1.50
0.88
7.10
2.00
16.35
2.26
17.03
19.21
26.10
7.55
18.10
13.61
58.40
PAM Transport
P&FIndustries
PCConnection
PCM
PC-Tel
PDC Energy
PDF Solutions
PDL Biopharm
PDLCommBncp
PHI
PHI NV
PICO
PRA Group
PRA HealthSci
PRGXGlobal
PTC
PTC Therap
Paccar
PacBiosciCA
PacificMercBncp
PacificPremBncp
PaciraPharm
PacWestBancorp
PainTherap
PanAmerSilver
PapaJohn's
PapaMurphy's
ParatekPharma
Park-Ohio
PartnerComms
PatrickIndustries
PatriotNatBncp
PatriotTransport
PatternEnergy
Patterson
PattersonUTIEn
Paychex
Paylocity
PayPal
PeakResorts
PeapackGladFinl
Pegasystems
PennNational
PennVirginia
PennantPark
PennsWoodsBncp
People'sUtdFin
PeoplesBncpOH
PeoplesBncpNC
PeoplesFinSvcs
PepsiCo
Perceptron
Perficient
PerformantFin
PerionNetwork
Perma-PipeIntl
PernixTherap
PerryEllis
PershingGold
PetIQ
PetMedExpress
PhibroAnimal
Photronics
PilgrimPride
PinnacleEnt
PinnacleFinPtrs
OHAI
OPK
ORBC
ORLY
OSIS
OIIM
OCSL
OBLN
OBSV
ORIG
OCFC
OCLR
OCUL
ODT
ODP
OVBC
OKTA
ODFL
ONB
OSBC
OLLI
ZEUS
OFLX
OMER
OMCL
ON
ONS
ONSIW
OMED
FLWS
TURN
PIH
OTEX
OPHT
OBAS
OCC
OPTN
OPB
OSUR
ORBK
OREX
ONVO
SEED
ORIT
OFIX
KIDS
OTIC
OTTR
OVAS
OSTK
OVID
OXFD
OXLC
6.7
...
...
...
...
...
10.0
...
...
...
2.1
...
...
...
2.8
2.2
...
.3
2.8
.3
...
.3
1.3
...
...
...
...
...
...
...
...
...
1.6
...
...
...
...
...
...
...
...
...
...
4.2
...
...
...
3.1
...
...
...
...
15.7
dd
dd
dd
22
43
dd
dd
dd
dd
...
23
8
dd
...
6
21
dd
35
17
19
44
21
44
dd
dd
26
dd
...
dd
17
dd
88
59
2
dd
dd
...
44
38
24
dd
dd
dd
15
cc
dd
dd
23
dd
dd
...
dd
...
1.19
4.98
10.78
258.60
67.68
1.61
4.99
7.90
9.70
28.24
28.09
6.96
5.60
23.79
3.59
38.85
27.00
142.58
18.40
14.90
55.50
23.52
66.20
19.60
50.75
23.57
1.16
.02
3.07
11.65
2.10
7.05
33.81
2.85
7.65
2.40
19.87
29.20
19.81
51.09
1.20
1.39
.91
16.55
53.90
19.10
5.85
41.35
1.18
78.95
9.52
12.19
10.34
+0.05
+0.02
–0.13
–1.68
+1.00
–0.13
+0.09
+0.52
–0.08
+0.32
+1.23
–0.25
+0.73
–0.34
+0.19
–0.85
+0.46
+5.98
+0.80
+0.30
+2.00
+1.24
–2.35
+0.18
+0.40
+0.74
–0.02
–0.01
–0.72
+0.40
+0.07
–0.16
–0.50
–0.37
–0.70
...
+2.67
+1.40
+0.16
–0.90
...
+0.01
–0.09
+0.35
–0.86
–0.95
+0.15
–1.45
–0.09
–5.40
–0.12
–1.87
+0.31
.02
...
...
...
...
...
.125
...
...
...
.15
...
...
...
.025
.21
...
.10
.13
.01
...
.02
.22
...
...
...
...
...
...
...
...
...
.132
...
...
...
...
...
...
...
...
...
...
.45
...
...
...
.32
...
...
...
...
.135
...
2.4
...
...
2.9
...
...
...
...
...
...
...
...
...
...
...
...
1.3
...
...
...
...
3.8
...
.6
1.5
...
...
1.1
...
...
.2
...
7.9
2.8
.3
3.0
...
...
5.3
.5
.2
...
...
10.3
4.3
3.5
2.6
1.5
2.7
2.7
...
...
...
...
...
...
...
...
...
1.5
1.1
...
...
...
.8
29
dd
15
12
dd
dd
cc
6
...
dd
dd
dd
29
50
dd
cc
dd
20
dd
25
25
dd
18
dd
27
21
dd
dd
20
44
23
15
32
dd
22
dd
29
cc
62
dd
20
90
4
17
8
17
21
17
20
17
24
26
42
dd
dd
dd
dd
15
dd
34
36
21
43
12
66
21
36.06
8.41
27.01
9.10
7.58
55.65
15.68
2.84
15.00
12.77
12.33
12.75
35.40
90.06
7.65
65.93
23.29
76.40
2.72
9.05
40.75
41.50
53.01
7.80
16.66
61.04
5.74
17.85
46.65
6.60
67.75
17.85
17.76
21.50
37.51
24.70
67.66
49.64
80.54
5.25
37.05
50.30
32.11
47.14
7.02
44.16
19.48
34.45
31.98
46.70
117.38
10.25
19.62
2.31
1.09
9.05
2.59
25.42
2.40
23.50
52.94
35.70
8.55
29.69
32.84
68.55
–0.14
+0.10
+0.67
–0.30
–0.13
+2.49
–0.89
...
+0.18
+0.29
+0.35
+0.20
+0.60
–0.65
+0.40
+2.28
+5.36
+1.30
–0.05
+0.15
+1.05
–0.95
+2.21
+3.46
+1.07
+2.27
+0.12
–0.92
–0.40
+0.13
–0.25
...
+0.31
+0.06
–0.17
+1.01
–1.05
+1.69
+1.84
–0.10
+1.44
+2.90
+1.32
+3.03
+0.02
–0.95
+0.54
+1.38
+0.16
–0.83
–1.29
+0.43
–0.07
+0.57
+0.05
+0.05
–0.16
+0.04
–0.11
+2.13
+4.61
+0.40
–0.15
+0.26
+0.44
+1.50
...
.05
.34
...
.055
...
...
...
...
...
...
5.00
...
...
...
...
...
.25
...
...
...
...
.50
...
.025
.225
...
...
.125
...
...
.01
...
.422
.26
.02
.50
...
...
.07
.05
.03
...
...
.18
.47
.1725
.22
.12
.32
.805
...
...
...
...
...
...
...
...
...
.20
.10
...
...
...
.14
PQ
PTSI
PFIN
CNXN
PCMI
PCTI
PDCE
PDFS
PDLI
PDLB
PHII
PHIIK
PICO
PRAA
PRAH
PRGX
PTC
PTCT
PCAR
PACB
PMBC
PPBI
PCRX
PACW
PTIE
PAAS
PZZA
FRSH
PRTK
PKOH
PTNR
PATK
PNBK
PATI
PEGI
PDCO
PTEN
PAYX
PCTY
PYPL
SKIS
PGC
PEGA
PENN
PVAC
PNNT
PWOD
PBCT
PEBO
PEBK
PFIS
PEP
PRCP
PRFT
PFMT
PERI
PPIH
PTX
PERY
PGLC
PETQ
PETS
PAHC
PLAB
PPC
PNK
PNFP
52-Week
High Low Name
Tick
Div
Sym Yld P/E Last Chg. Amt.
7.05
12.27
65.88
133.06
45.96
67.10
14.28
56.35
40.24
86.60
66.58
85.63
22.92
36.50
7.14
19.74
2067.99
94.00
15.39
30.00
74.40
11.72
51.99
99.80
6.90
9.58
21.68
2.75
16.67
70.00
65.47
20.35
18.96
2.45
6.98
136.90
42.00
31.85
50.00
26.55
81.20
69.28
17.74
64.40
25.45
23.70
2.20
2.48
47.60
10.97
3.28
7.74
2.85
9.81
49.06
97.25
32.05
24.15
10.50
39.05
22.80
61.44
46.88
44.50
17.25
27.16
1.86
12.75
1528.01
78.00
10.47
21.83
56.12
4.60
27.16
70.30
2.75
5.51
8.00
1.10
1.41
34.85
35.65
17.62
15.81
1.02
0.63
28.35
26.04
21.38
39.85
11.60
56.63
48.92
12.61
32.40
9.60
15.56
1.26
1.15
18.25
2.96
1.80
3.22
Pixelworks
PlayaHotels
Plexus
Pool
Popular
PortolaPharm
Potbelly
Potlatch
PowellIndustries
PowerIntegrations
PreferredBankLA
PreformedLine
PremierFinBncp
Premier
Presbia
Presidio
Priceline
PriceSmart
PrimoWater
PrimorisSvcs
PrincipalFin
ProgenicsPharm
ProgressSoftware
Proofpoint
ProQR Therap
ProspectCapital
ProtagonistTherap
ProteonTherap
ProteostasisTher
Prothena
ProvidenceService
ProvidentFin
PrudentialBancorp
pSivida
Pulmatrix
PumaBiotech
QAD A
QAD B
QCR Holdings
QIWI
Qorvo
Qualcomm
QualitySystems
Qualys
QuantennaComms
Quanterix
Quarterhill g
QuickLogic
Quidel
QuinStreet
Qumu
Quotient
PXLW
PLYA
PLXS
POOL
BPOP
PTLA
PBPB
PCH
POWL
POWI
PFBC
PLPC
PFBI
PINC
LENS
PSDO
PCLN
PSMT
PRMW
PRIM
PFG
PGNX
PRGS
PFPT
PRQR
PSEC
PTGX
PRTO
PTI
PRTA
PRSC
PROV
PBIP
PSDV
PULM
PBYI
QADA
QADB
QCRH
QIWI
QRVO
QCOM
QSII
QLYS
QTNA
QTRX
QTRH
QUIK
QDEL
QNST
QUMU
QTNT
27.55
139.95
33.78
7.50
36.45
2.85
31.99
17.86
15.15
6.00
27.84
4.76
49.16
11.90
20.78
14.78
15.50
108.29
16.49
22.58
38.35
5.45
48.60
40.88
74.11
34.89
33.49
543.55
2.60
23.00
45.32
13.55
13.89
46.81
44.04
9.90
17.58
11.95
22.37
26.44
37.45
33.81
9.05
8.34
4.47
22.91
10.40
9.54
15.20
8.98
20.95
13.23
58.80
83.93
94.39
54.35
51.83
22.65
127.35
21.26
87.61
16.02
4.51
16.30
1.40
16.72
9.50
10.41
3.01
7.15
0.63
24.66
5.25
14.12
3.81
11.30
80.34
13.36
12.20
23.65
3.23
28.00
19.48
45.20
20.87
19.29
340.09
0.79
15.95
37.68
8.25
7.76
28.48
31.97
7.40
12.05
3.96
17.87
15.55
18.00
21.38
6.89
5.31
1.94
14.01
6.48
6.46
3.40
5.06
10.25
10.50
15.75
52.85
61.00
30.74
28.99
16.55
78.35
RBB Bancorp
RBC Bearings
RCI Hospitality
RCM Tech
REGENXBIO
RF Industries
RGC Resources
RISE Education
RPX
RTI Surgical
RaPharm
Radisys
RadiusHealth
RadNet
Radware
RamacoRscs
Rambus
RandgoldRscs
RandolphBancorp
Rapid7
RavenIndustries
RealNetworks
RealPage
ReataPharm
RedRobin
RedRockResorts
Redfin
RegenPharm
RegulusTherap
Reis
Renasant
RenewableEnergy
Rent-A-Center
Repligen
RepublicBcpKYA
RepublicFirstBncp
ResourcesConnect
RestorationRob
RetailOppor
Retrophin
RevanceTherap
RhythmPharm
RibbonComms
RichardsonElec
RigelPharm
RigNet
RiminiStreet
RiverviewBncp
RocketPharm
RockwellMedical
RockyBrands
RockyMtnChoc
Roku
RossStores
RoyalGold
RushEnt A
RushEnt B
RuthsHospitality
Ryanair
RBB
ROLL
RICK
RCMT
RGNX
RFIL
RGCO
REDU
RPXC
RTIX
RARX
RSYS
RDUS
RDNT
RDWR
METC
RMBS
GOLD
RNDB
RPD
RAVN
RNWK
RP
RETA
RRGB
RRR
RDFN
REGN
RGLS
REIS
RNST
REGI
RCII
RGEN
RBCAA
FRBK
RECN
HAIR
ROIC
RTRX
RVNC
RYTM
RBBN
RELL
RIGL
RNET
RMNI
RVSB
RCKT
RMTI
RCKY
RMCF
ROKU
ROST
RGLD
RUSHA
RUSHB
RUTH
RYAAY
43.17
173.97
3.82
76.76
16.45
119.20
13.20
43.16
31.72
102.29
1.52
47.88
13.50
61.27
9.65
11.50
S&T Bancorp
SBA Comm
SCYNEXIS
SEI Investments
SI Financial
Sina
SLM
SMART Global
STBA
SBAC
SCYX
SEIC
SIFI
SINA
SLM
SGH
...
...
...
1.1
2.6
...
...
3.1
3.4
.7
1.4
1.0
2.9
...
...
...
...
.8
...
.9
2.6
...
1.1
...
...
10.5
...
...
...
...
...
3.0
1.1
...
...
...
.7
.8
.5
5.1
...
3.5
...
...
...
...
2.2
...
...
...
...
...
...
...
20
33
20
dd
cc
24
dd
41
20
24
16
dd
dd
cc
27
29
dd
22
12
dd
66
dd
dd
14
dd
dd
dd
dd
11
46
59
dd
dd
dd
dd
dd
17
...
dd
25
32
58
cc
dd
7
dd
dd
dd
dd
dd
6.66
11.45
65.87
131.21
38.63
52.62
13.15
51.55
30.76
78.55
63.40
81.50
20.97
31.82
3.42
18.70
1919.40
83.00
13.10
27.06
74.21
6.34
50.69
99.11
3.10
6.85
19.84
2.50
5.04
41.33
64.34
18.80
18.34
1.14
1.54
99.25
40.95
31.75
44.20
16.52
71.04
65.38
13.83
63.90
13.60
20.57
1.82
1.78
45.99
9.34
2.29
4.12
–0.10
+0.73
+3.66
–0.99
+2.31
+3.93
+0.20
+1.45
+1.44
–0.20
+3.39
–0.89
+0.50
+1.94
–0.01
–0.62
+95.86
+1.75
+0.54
+0.15
+2.21
–0.13
+7.08
+3.45
–0.23
–0.06
–0.64
+0.60
–0.93
+3.66
+2.13
...
+0.20
+0.02
–0.18
+3.90
+1.00
+1.10
+0.50
–0.61
+3.01
–1.09
+0.14
+0.75
+0.35
+1.09
–0.08
–0.11
–0.90
+0.60
–0.10
–1.17
...
...
...
.37
.25
...
...
.40
.26
.14
.22
.20
.15
...
...
...
...
.35
...
.06
.49
...
.14
...
...
.06
...
...
...
...
...
.14
.15
...
...
...
.072
.06
.05
.21
...
.57
...
...
...
...
.0098
...
...
...
...
...
...
...
.4
...
...
3.0
2.4
...
1.5
...
...
...
...
...
...
...
...
1.0
...
...
1.4
...
...
...
...
1.2
...
...
...
3.3
1.7
...
2.8
...
2.2
...
2.9
...
4.0
...
...
...
...
2.9
...
...
...
1.3
...
...
2.3
3.9
...
.8
1.2
...
...
1.6
...
16
44
26
48
dd
dd
31
52
37
dd
dd
dd
dd
45
dd
dd
cc
34
dd
dd
36
dd
cc
dd
59
78
dd
33
dd
cc
20
dd
dd
62
17
63
29
...
55
dd
dd
...
dd
...
dd
dd
dd
24
dd
dd
32
21
dd
27
56
28
26
24
17
26.88
130.70
29.69
6.20
30.45
2.65
26.21
14.96
13.48
4.40
8.49
1.10
34.70
10.30
20.11
7.26
14.36
100.45
15.55
22.30
36.30
3.43
48.45
28.43
55.75
34.47
26.59
366.96
1.23
20.40
43.71
11.25
11.40
36.61
39.91
8.80
16.60
4.39
18.76
24.70
34.50
27.40
7.40
8.16
4.07
18.75
8.39
8.90
12.29
5.86
19.35
12.34
43.38
83.58
85.56
53.57
50.77
22.40
115.44
–0.26
+5.08
+1.82
+0.05
+2.60
–0.01
–0.48
–0.04
–0.26
–0.05
–0.46
–0.11
+0.14
–0.30
+0.24
+0.02
–0.14
+2.16
+0.14
+2.29
+0.90
+0.07
+3.05
+1.35
+1.70
+0.47
–1.61
–18.14
–0.01
–0.05
+1.97
–0.05
+0.44
–0.52
+0.19
+0.25
+0.85
–0.72
–0.83
+1.22
–0.40
–0.54
–0.43
+1.21
+0.11
+1.75
+0.50
+0.15
–0.21
–0.24
–1.30
+0.34
–2.90
+1.61
+2.39
+3.74
+3.18
+1.10
+6.80
.08
...
.03
1.00
...
.02
.155
...
.05
...
...
...
...
...
...
...
...
1.00
...
...
.13
...
...
...
...
.10
...
...
...
.17
.19
...
.08
...
.22
...
.12
...
.1875
...
...
...
...
.06
...
...
...
.03
...
...
.11
.12
...
.16
.25
...
...
.09
...
2.1
...
...
.8
1.3
...
...
...
18
cc
dd
33
13
64
17
49
41.86
155.94
1.88
76.65
14.95
113.00
11.71
34.63
+2.47 .22
–6.93 ...
–0.45 ...
+3.06 .30
+0.35 .05
+0.59 ...
+0.08 ...
–1.70 ...
R
S
52-Week
High Low Name
2.20
9.74
2.61
41.25
72.35
51.39
12.25
254.10
29.10
25.33
84.00
180.83
77.00
8.25
176.43
45.64
74.69
18.70
42.95
0.50
61.89
17.19
45.35
38.85
46.98
40.95
54.95
18.17
88.45
4.03
27.50
51.88
14.32
3.62
13.46
71.32
14.75
12.99
7.26
14.06
26.79
24.02
62.40
41.95
41.52
22.52
1.71
17.42
6.05
44.00
41.80
16.69
192.15
28.38
19.10
53.99
29.25
16.68
29.50
4.09
31.95
7.00
164.23
143.83
32.50
77.95
96.93
56.51
8.51
16.80
61.95
43.05
8.11
5.89
55.15
117.65
39.07
21.99
50.67
73.90
70.86
22.94
18.46
39.90
30.05
7.66
94.50
43.25
40.80
18.48
37.57
23.65
91.75
18.10
39.92
21.95
15.40
90.69
21.30
8.79
25.98
17.60
233.13
1.39
13.40
64.87
24.00
30.85
9.70
4.78
47.39
4.01
88.00
18.90
48.80
30.07
47.15
30.88
49.20
32.80
100.72
8.85
6.28
18.75
15.28
16.86
26.70
1.10
2.68
0.51
27.05
45.02
30.82
7.75
159.44
17.82
17.30
65.75
44.55
41.28
3.90
87.54
36.50
55.10
3.35
29.95
0.26
26.26
4.60
33.55
17.50
33.51
25.00
15.00
11.50
64.87
2.16
20.58
30.60
3.09
0.23
6.31
45.31
6.61
8.10
4.05
9.80
22.51
8.40
38.50
31.50
27.75
17.64
0.56
8.85
2.61
32.54
25.35
6.88
137.17
15.08
15.17
39.76
15.22
7.20
23.10
1.10
15.75
5.40
116.68
93.85
26.67
34.86
63.15
37.37
7.42
11.85
49.75
26.70
4.60
4.54
30.40
76.49
18.89
4.81
31.03
40.60
37.78
19.90
16.10
12.25
22.11
5.57
78.60
31.40
30.30
15.12
30.44
10.70
41.06
6.30
18.56
4.31
9.84
52.89
14.45
3.40
17.38
8.95
100.55
0.76
6.73
52.58
13.25
22.11
2.25
2.90
32.15
0.89
61.25
7.75
33.50
14.48
31.90
18.04
23.00
24.35
71.31
2.10
5.39
9.30
11.65
8.80
22.45
SMTC
SORL AutoParts
SPIEnergy
SPPlus
SPS Commerce
SS&C Tech
SSR Mining
SVB Fin
SabraHealthcare
Sabre
SafetyInsurance
SageTherap
Saia
SalemMedia
SandersonFarms
SandySpringBncp
Sanfilippo
SangamoTherap
Sanmina
Sanofi Rt
SareptaTherap
Savara
ScanSource
SchnitzerSteel
Scholastic
SchulmanA
ScientificGames
scPharm
ScrippsNetworks
SeaChange
SeacoastBkgFL
Seagate
SearsHoldings
SearsHoldingsWt
SeaSpine
SeattleGenetics
SecooHolding
SecureWorks
SecurityNatFin
SelectBancorp
SelectIncomeREIT
SelectaBiosci
SelectiveIns
Semtech
SenecaFoods A
SeniorHousing
Senomyx
SeresTherap
ServiceSource
ServisFirstBcshs
ShenandoahTel
ShilohIndustries
Shire
ShoeCarnival
ShoreBancshares
Shutterfly
SiennaBiopharm
Sientra
SierraBancorp
SierraOncology
SierraWireless
SigmaDesigns
SignatureBank
SignatureBankWt
SilganHoldings
Silicom
SiliconLab
SiliconMotion
Siliconware
SilvercrestAsset
SimmonsFirstNat
SinclairBroadcast
SinovacBiotech
SiriusXM
SkyWest
Skyworks
SleepNumber
SmartSand
Snyders-Lance
SodaStream
Sohu.com
SolarCapital
SolarSeniorCap
SolarEdgeTech
Sonic
SotherlyHotels
SouthState
SouthernFirstBcsh
SoMO Bancorp
SoNtlBcpVA
SouthsideBcshs
SparkEnergy
SparkTherap
SpartanMotors
SpartanNash
SpectrumPharm
SperoTherap
Splunk
SpokHoldings
SportsmansWrhs
SproutsFarmersMkt
StaarSurgical
Stamps.com
StanleyFurniture
StarBulkCarriers
Starbucks
StarsGroup
StateAutoFin
SteadyMed
StealthGas
SteelDynamics
SteinMart
Stericycle
SterlingCnstr
StevenMadden
StitchFix
StockYardsBncp
Stratasys
Strattec
StratusProp
StrayerEd
StrongbridgeBio
StudentTransprt
SucampoPharm
SummitStateBk
SummitTherap
SunBancorpNJ
Tick
Div
Sym Yld P/E Last Chg. Amt.
SMTX
SORL
SPI
SP
SPSC
SSNC
SSRM
SIVB
SBRA
SABR
SAFT
SAGE
SAIA
SALM
SAFM
SASR
JBSS
SGMO
SANM
GCVRZ
SRPT
SVRA
SCSC
SCHN
SCHL
SHLM
SGMS
SCPH
SNI
SEAC
SBCF
STX
SHLD
SHLDW
SPNE
SGEN
SECO
SCWX
SNFCA
SLCT
SIR
SELB
SIGI
SMTC
SENEA
SNH
SNMX
MCRB
SREV
SFBS
SHEN
SHLO
SHPG
SCVL
SHBI
SFLY
SNNA
SIEN
BSRR
SRRA
SWIR
SIGM
SBNY
SBNYW
SLGN
SILC
SLAB
SIMO
SPIL
SAMG
SFNC
SBGI
SVA
SIRI
SKYW
SWKS
SNBR
SND
LNCE
SODA
SOHU
SLRC
SUNS
SEDG
SONC
SOHO
SSB
SFST
SMBC
SONA
SBSI
SPKE
ONCE
SPAR
SPTN
SPPI
SPRO
SPLK
SPOK
SPWH
SFM
STAA
STMP
STLY
SBLK
SBUX
TSG
STFC
STDY
GASS
STLD
SMRT
SRCL
STRL
SHOO
SFIX
SYBT
SSYS
STRT
STRS
STRA
SBBP
STB
SCMP
SSBI
SMMT
SNBC
...
...
...
...
...
.6
...
...
11.7
2.7
4.0
...
...
5.6
1.0
2.6
.8
...
...
...
...
...
...
2.0
1.5
2.1
...
...
1.4
...
...
4.9
...
...
...
...
...
...
...
...
8.8
...
1.2
...
...
8.8
...
...
...
.5
.8
...
.2
1.2
1.5
...
...
...
2.0
...
...
...
...
...
1.2
1.3
...
2.4
3.5
3.0
1.7
1.8
...
.8
.6
1.3
...
...
1.3
...
...
7.9
7.9
...
2.4
7.1
1.4
...
1.2
1.9
3.1
6.5
...
.7
2.6
...
...
...
3.2
...
...
...
...
...
...
2.0
...
1.4
...
...
1.3
25.9
...
...
...
...
2.2
...
1.2
...
1.1
...
7.1
...
3.8
...
.2
dd
5
...
20
cc
47
15
28
15
31
19
dd
37
23
11
17
20
dd
19
...
dd
dd
16
16
87
31
dd
...
19
dd
27
19
dd
...
dd
dd
dd
dd
11
23
23
dd
20
56
68
33
dd
dd
dd
24
cc
dd
29
19
21
cc
...
dd
18
dd
28
dd
21
...
22
35
57
20
23
20
19
15
...
30
dd
19
28
16
dd
25
dd
12
12
22
18
dd
23
22
18
54
19
13
dd
36
dd
dd
...
dd
35
10
28
dd
25
dd
dd
31
18
45
dd
dd
22
dd
dd
cc
23
...
20
dd
21
24
27
dd
56
dd
19
dd
8
2.05
7.18
.64
38.00
50.31
49.47
8.08
253.18
17.83
20.53
79.50
175.86
75.85
4.65
131.02
40.50
62.39
18.30
34.35
.40
61.52
13.05
35.65
37.30
39.12
39.25
53.85
12.00
87.87
3.72
26.82
51.26
3.60
.40
10.22
52.36
10.74
9.34
4.65
13.51
23.09
8.79
59.15
38.80
30.70
17.68
1.40
10.52
3.43
41.42
32.45
7.65
147.55
25.27
18.61
53.08
18.06
11.65
27.71
3.25
19.95
6.98
148.03
110.08
29.52
74.14
95.10
50.70
8.39
16.00
59.50
39.05
8.05
5.48
54.75
101.21
38.82
10.60
50.02
73.02
44.51
20.89
17.92
36.30
26.34
6.24
91.40
43.00
37.98
16.73
35.77
11.15
52.66
14.95
25.29
19.42
12.25
89.64
15.65
5.36
25.47
16.20
192.80
.84
11.89
60.40
23.55
28.71
3.48
4.45
47.01
1.16
71.60
16.43
48.20
25.14
38.55
23.24
45.85
30.95
93.38
8.00
6.21
18.05
12.65
12.68
25.90
...
+0.02
–0.09
–0.05
–0.27
+7.62
–0.47
+9.33
–0.66
+0.10
+0.85
+6.61
+4.80
+0.25
–2.73
+1.02
–0.96
+1.10
+0.55
+0.02
+6.65
–1.44
+0.50
+1.85
–0.46
+0.15
+2.20
+0.18
+1.73
–0.08
+1.52
+8.32
+0.12
–0.09
+0.09
–2.65
+0.86
+0.20
–0.15
+0.97
–1.00
–2.24
+1.60
+3.20
+0.55
–0.76
–0.04
–0.09
+0.06
–0.05
–0.15
+0.24
–9.31
–0.49
+1.03
+2.50
+0.63
–1.84
+0.93
–0.35
–1.05
+0.05
+6.47
+2.07
–0.14
–0.88
+0.35
–4.19
–0.09
+1.60
+2.60
+3.95
+0.05
+0.15
+3.65
–0.02
+0.94
+0.59
+0.01
+0.87
–1.90
+0.76
+0.16
–1.60
–1.69
–0.15
+2.80
+0.80
+0.18
+0.59
+1.42
–0.15
+2.10
–0.60
+0.22
+1.38
+0.66
+1.76
–0.15
–0.41
+1.18
+0.40
+5.30
–0.06
–0.31
+0.79
–0.05
–0.27
–0.38
–0.10
+1.41
–0.01
+0.43
+1.04
+1.95
–0.63
+0.75
+2.13
+0.85
+1.30
+2.02
+0.30
–0.03
...
–0.43
+1.60
+1.10
...
...
...
...
...
.07
...
...
.5201
.14
.80
...
...
.065
1.00
.26
.50
...
...
...
...
...
...
.1875
.15
.205
...
...
.30
...
...
.63
...
...
...
...
...
...
...
...
.51
...
.18
...
...
.39
...
...
...
.05
.26
...
.1527
.075
.07
...
...
...
.14
...
...
...
...
...
.09
1.00
...
.30
.29
.12
.25
.18
...
.011
.08
.32
...
...
.16
...
...
.41
.1175
...
.16
.11
.33
...
.11
.08
.02
.1813
...
.05
.165
...
...
...
.125
...
...
...
...
...
...
.30
...
.10
...
...
.155
.075
...
...
...
...
.21
...
.14
1.00
.25
...
.0367
...
.12
...
.01
52-Week
High Low Name
Tick
Div
Sym Yld P/E Last Chg. Amt.
68.47
17.60
10.20
11.70
7.78
31.75
28.85
50.05
24.05
34.15
28.55
34.49
34.20
4.25
15.30
64.54
40.27
15.70
61.10
7.15
23.00
94.80
26.33
1.84
24.38
34.17
3.61
6.00
5.84
4.21
17.70
16.65
23.10
7.10
21.90
19.70
25.77
25.64
1.96
9.75
33.73
8.48
6.31
33.60
1.68
8.76
60.41
15.82
0.83
6.30
SunHydraulics
SundanceEnergy
SunOpta
SunPower
SunRun
SuperMicroComp
SuperiorUniform
SupernusPharms
SurgeryPartners
Surmodics
SussexBancorp
SykesEnterprises
Symantec
Synacor
Synalloy
Synaptics
Synchronoss
SyndaxPharm
SyneosHealth
SynergyPharm
Synlogic
Synopsys
Syntel
SyprisSolutions
SyrosPharm
SNHY
SNDE
STKL
SPWR
RUN
SMCI
SGC
SUPN
SGRY
SRDX
SBBX
SYKE
SYMC
SYNC
SYNL
SYNA
SNCR
SNDX
SYNH
SGYP
SYBX
SNPS
SYNT
SYPR
SYRS
17.47
54.59
192.94
19.24
10.60
8.19
68.88
26.00
5.70
115.62
43.75
19.54
6.99
36.80
37.88
120.62
46.32
30.00
9.05
21.70
12.50
111.10
14.74
10.15
9.54
14.20
34.00
389.61
23.65
50.90
9.93
99.35
113.00
58.59
10.96
1.50
43.44
41.69
22.40
32.10
7.75
23.95
48.50
21.75
17.95
9.40
36.69
7.15
35.30
79.85
67.30
3.35
15.55
15.15
1.86
7.50
11.25
17.94
8.00
43.80
28.85
43.97
7.20
53.58
26.30
36.13
24.27
18.97
21.75
35.07
9.70
35.32
5.70
9.88
1.54
36.96
36.48
9.42
29.35
20.75
69.47
14.98
36.12
69.38
14.58
8.90
5.17
54.60
15.26
2.00
65.33
28.20
12.76
2.50
11.59
14.37
50.51
21.25
2.15
7.00
12.52
7.75
81.42
8.41
4.50
2.82
10.93
28.12
229.59
12.15
38.85
3.57
69.65
73.87
40.28
4.41
0.55
23.15
14.30
8.08
20.28
2.78
11.68
20.60
13.75
8.60
2.85
19.92
2.60
28.55
49.87
28.11
1.50
6.80
10.50
1.07
2.95
5.75
14.23
1.35
32.76
19.75
28.61
4.22
29.50
19.65
20.50
6.45
10.80
10.16
13.71
7.25
28.16
1.60
6.69
0.42
24.81
24.30
4.17
14.81
13.58
32.77
TCP Capital
TD Ameritrade
TESARO
TFS Fin
THL Credit
TICC Capital
T-MobileUS
TPIComposites
TraconPharm
TRowePrice
TTEC
TTM Tech
T2Biosystems
TabulaRasaHlth
TactileSystems
TakeTwoSoftware
Talend
TandemDiabetes
TandyLeather
TarenaIntl
TatTechnologies
TechData
TechTarget
TeleNav
Teligent
TerraFormPower
TerritBanc
Tesla
TesscoTech
TetraTech
TetraphasePharm
TexasCapBcshs
TexasInstruments
TexasRoadhouse
TheBancorp
The9
TheravanceBio
TiGenix
TileShop
TimberlandBncp
Tintri
TitanMachinery
TivityHealth
TiVo
Tocagen
TonixPharm
TowerSemi
TownSports
TowneBank
TractorSupply
TradeDesk
TransWorldEnt
TransActTechs
Transcat
TransGlobeEner
TravelCenters
Travelzoo
TremontMortgage
Trevena
TriCoBancshares
TriMas
Trimble
TrinityBiotech
TripAdvisor
TriStateCapital
TriumphBancorp
trivago
tronc
TrueCar
Trupanion
TrustcoBank
Trustmark
TuesdayMorning
Tuniu
TurtleBeach
21stCenturyFoxA
21stCenturyFoxB
21 Vianet
TwinDisc
TwoRiverBancorp
2U
TCPC
AMTD
TSRO
TFSL
TCRD
TICC
TMUS
TPIC
TCON
TROW
TTEC
TTMI
TTOO
TRHC
TCMD
TTWO
TLND
TNDM
TLF
TEDU
TATT
TECD
TTGT
TNAV
TLGT
TERP
TBNK
TSLA
TESS
TTEK
TTPH
TCBI
TXN
TXRH
TBBK
NCTY
TBPH
TIG
TTS
TSBK
TNTR
TITN
TVTY
TIVO
TOCA
TNXP
TSEM
CLUB
TOWN
TSCO
TTD
TWMC
TACT
TRNS
TGA
TA
TZOO
TRMT
TRVN
TCBK
TRS
TRMB
TRIB
TRIP
TSC
TBK
TRVG
TRNC
TRUE
TRUP
TRST
TRMK
TUES
TOUR
HEAR
FOXA
FOX
VNET
TWIN
TRCB
TWOU
81.55
10.10
21.98
4.13
55.75
101.40
76.93
314.86
233.42
34.59
13.60
91.35
7.90
62.27
3.80
5.73
2.01
44.50
71.61
45.71
187.96
181.59
11.86
6.07
43.14
5.00
UMB Fin
USA Tech
USA Truck
USAutoPartsNtwk
US Ecology
US Lime&Min
UbiquitiNetworks
UltaBeauty
UltSoftware
UltraClean
UltraPetroleum
UltragenyxPharm
Ultralife
UMBF
USAT
USAK
PRTS
ECOL
USLM
UBNT
ULTA
ULTI
UCTT
UPL
RARE
ULBI
.5
...
...
...
...
...
1.5
...
...
...
.9
...
1.0
...
.9
...
...
...
...
...
...
...
...
...
...
57
...
dd
dd
7
16
21
41
dd
cc
20
20
dd
dd
dd
cc
...
dd
dd
dd
dd
cc
11
dd
dd
67.59
8.34
8.05
9.10
6.36
21.50
25.78
44.15
15.20
29.00
27.25
31.89
28.82
2.10
13.75
49.76
9.58
9.19
40.95
2.39
10.45
90.37
23.50
1.48
10.51
+3.37
+1.04
–0.20
+0.45
+0.35
–0.20
+1.78
+2.65
+2.55
+1.45
+0.05
+0.71
–0.69
–0.20
+0.38
+7.53
+0.21
–0.34
+0.45
+0.21
–0.23
+1.44
–0.17
+0.03
+0.56
.09
...
...
...
...
...
.095
...
...
...
.06
...
.075
...
.13
...
...
...
...
...
...
...
...
...
...
9.3
1.5
...
4.5
11.8
14.1
...
...
...
2.0
...
...
...
...
...
...
...
...
...
...
3.1
...
...
...
...
...
2.5
...
3.8
.8
...
...
2.2
1.4
...
...
...
...
2.0
1.6
...
...
...
4.9
...
...
...
...
1.7
1.4
...
...
2.5
...
...
...
...
...
...
1.7
...
...
...
...
...
...
...
...
...
...
2.9
2.7
...
...
...
1.0
1.0
...
...
1.0
...
11
33
dd
49
16
5
25
21
dd
19
38
28
dd
dd
95
cc
dd
dd
14
27
23
20
cc
dd
dd
dd
18
dd
63
24
dd
26
26
34
cc
dd
dd
dd
28
15
dd
dd
27
dd
...
dd
18
dd
21
24
49
dd
22
23
dd
8
cc
...
dd
18
dd
57
19
78
21
19
dd
25
dd
dd
19
19
dd
dd
dd
23
23
dd
dd
18
dd
15.42
54.50
69.59
15.07
9.17
5.66
63.68
20.98
2.90
115.35
40.30
17.39
5.20
32.95
29.41
117.30
39.46
3.24
7.25
14.18
11.05
104.85
14.61
5.60
3.58
11.43
31.82
336.22
21.25
49.20
6.51
98.60
112.72
58.24
10.86
1.00
26.98
41.35
10.25
28.04
6.81
23.75
37.30
14.75
12.12
3.80
34.97
6.00
32.45
79.61
49.13
1.80
14.55
13.85
1.47
4.70
7.00
14.73
1.75
39.48
27.70
43.39
5.33
36.54
24.10
35.45
8.09
18.32
11.74
34.38
9.15
33.77
3.20
8.54
.62
36.73
36.37
8.67
27.62
18.25
69.32
+0.22
+2.67
–8.70
+0.33
+0.05
–0.14
–0.92
+0.53
–0.45
+8.12
+0.30
+1.07
+0.19
–0.13
+1.36
+0.39
–1.03
+0.72
–0.20
–0.98
+0.65
+3.16
+0.87
...
–0.29
+0.17
+0.51
+19.64
+1.15
+0.65
+0.18
+5.65
+3.60
+1.08
+0.79
+0.25
–0.09
+0.62
+0.25
+1.56
+1.17
+0.69
+0.95
–0.30
–0.15
+0.21
–0.70
+0.40
+1.00
+0.17
+0.78
...
+1.25
+0.30
+0.03
+0.40
+0.25
–0.07
–0.27
+0.88
+0.75
+0.39
+0.20
+1.81
+0.70
+2.90
+0.85
+0.43
+0.02
+2.24
+0.30
+1.76
+0.30
+0.75
+0.16
–0.02
+0.02
–0.49
–0.29
+0.56
+5.62
.36
.21
...
.17
.27
.20
...
...
...
.57
...
...
...
...
...
...
...
...
...
.16
.3398
...
...
...
...
...
.30
...
.20
.10
...
...
.62
.21
...
...
...
...
.05
.11
...
...
...
.18
...
...
...
...
.14
.27
...
...
.09
...
...
...
...
...
...
.17
...
...
...
...
...
...
...
...
...
...
.0656
.23
...
...
...
.18
.18
...
...
.045
...
1.4
...
...
...
1.4
.7
...
...
...
...
...
...
...
21
cc
dd
4
43
22
23
30
cc
12
dd
dd
20
76.08
9.40
20.54
2.51
51.75
77.31
73.66
237.32
226.28
23.22
8.49
47.80
7.15
+4.13 .275
–0.20 ...
+2.08 ...
–0.11 ...
–1.00 .18
–3.01 .135
–0.56 ...
–0.64 ...
+5.50 ...
–0.22 ...
–0.28 ...
–3.01 ...
+0.40 ...
T
U
M24
BARRON’S
January 15, 2018
Exchange-Traded Portfolios
Tick
Sym Yld
Name
Div
Last Chg. Amt.
For personal Do not edit or alter. Reproductions not permitted.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or
Bats
ALPS DisrupTech DTEC ...
ARK Israel Innov
IZRL ...
AlphaArchValMom VMOT 1.8
AlphaCloneAltAlpha ALFA ...
AlphaCloneIntl
ALFI .5
AmCustSatisfCore ACSI 1.2
AmplifyCWP Div DIVO 4.6
AmplifyOilHdgMLP AMLX 12.0
AmplifyYldShSrLoan YESR 9.2
AnfieldCapDiv
DALT ...
AptusBehavioralMom BEMO .3
AptusFortValue
FTVA ...
ArrowResCapMgmt ARCM 1.8
BernsteinGlbRes BRGL ...
BernsteinUSRes BERN ...
CWAIncomeETF CWAI 3.1
CambriaEmSharehldr EYLD 1.4
CambriaFgnShare FYLD 2.5
CambriaGlbAssetAll GAA 3.3
CambriaSovHiYdBd SOVB 3.1
CambriaTailRiskETF TAIL 1.6
CambriaValue
VAMO .5
DemocraticPolicies DEMS ...
DeutXIntlCorpBdHdg IFIX 3.3
DeutXIntlTreaBd IGVT 3.1
DeutX EM Bd
EMIH 3.0
DeutXHYCorpBdInt HYIH 8.6
DeutXInvGradeBdInt IGIH 3.8
DeutscheXEAFESC DBES 2.9
ElkhornFundComm RCOM ...
ElkhornLuntLowVol LVHB 1.6
ElkhornS&PHiQualPf EPRF 8.4
FormulaHdgGrwth FFHG 1.1
FormulaFolIncm
FFTI 6.6
FormulaFolSmartGrw FFSG ...
FormulaFolTactGrw FFTG ...
FranklinLib US
FLQL 2.6
FranklinLibUS MC FLQM 2.5
FranklinLibUS SC FLQS 2.0
GlbX FdrRunCos BOSS ...
GlbXIconUSBrands LOGO ...
GlbXUSInfrDevt PAVE ...
GlbX US Pfd
PFFD 6.2
GS EW US LC Equity GSEW ...
HartfordLowVolIntl LVIN 2.0
HartfordLowVolUS LVUS 2.6
iShAdCurrHdgMSCI DEFA 2.0
iShAdCurrMSCIEuroz DEZU .8
iShAdCurrHdgJapan DEWJ 1.3
iShIntmGovt/CredBd GVI 2.3
iShBrdUSDHYCpBd USHY 2.0
iShConvBond
ICVT 4.5
iShCoreMSCIEAFE IEFA 2.1
iShCurrHdgMSCIMV HACV 2.0
iShCurrHdgMSCIEAFE HEFA 2.0
iShCurrHdgMSCIEAFE HEFV 1.1
iShCurrHdgMSCIEM HEMV 3.1
iShCurrHdgMSCIEM HEEM 3.0
iShCurrHdgMSCIEur HEUV 3.0
iShCurrHdgMSCIEuSC HEUS 2.0
iShIntlSelDividend IDV 4.3
iShTransportAvg
IYT .8
iShU.S.Industrials
IYJ 1.1
iShUSAerospace&Def ITA .6
iShUSHomeConstrn ITB .2
iShUSOil&GasExpln IEO .9
iShUSTelecomm
IYZ 3.6
iShEdgeHYDefBd HYDB 7.2
iShEdgeInvGrEnhBd IGEB 4.4
iShEdgeMSCIMinEAFE EFAV 1.1
iShEdgeMSCIMinVlEM EEMV 3.1
iShEdgeMSCIMinVol ACWV 2.0
iShEdgeMSCIMinUSA USMV 1.8
iShMSCIMinVolUSASC SMMV 1.9
iShEdgeMSCIMltCnDs CNDF 1.1
iShEdgeMultConStp CNSF 2.6
iShEdgeMSCIMultiEn ERGF 2.3
iShEdgeMSCIMltFinl FNCF 1.8
iShEdgeMultHlthcr HCRF .9
iShEdgeMSCIMltIndl INDF 1.4
iShEdgeMSCIMltMatl MATF 1.6
iShEdgeMSCIMltTech TCHF .8
iShEdgeMSCIMltUtil UTLF 3.4
26.49
21.59
30.50
45.16
26.16
31.94
29.95
11.82
24.61
10.31
32.10
27.93
100.19
26.99
27.74
25.63
36.00
27.35
28.05
28.32
21.98
26.00
21.51
50.01
48.72
25.44
23.30
24.48
30.53
28.82
33.80
23.76
28.79
24.91
26.49
25.85
29.30
28.25
26.70
17.82
16.25
17.57
24.75
44.96
28.13
25.05
29.80
30.00
30.90
109.38
50.15
56.58
69.11
29.74
30.63
27.63
28.35
27.73
24.75
30.69
35.00
205.33
155.69
198.78
45.71
69.38
29.55
51.03
50.34
74.56
63.24
85.61
53.53
29.35
32.95
26.18
29.99
36.54
33.24
33.49
35.92
40.82
25.38
+0.65
+0.24
+0.75
+1.16
+0.63
+0.68
+0.61
+0.11
–0.29
+0.05
+0.97
+0.47
+0.27
+0.07
+0.22
+0.05
+0.14
+0.31
+0.21
...
–0.31
+0.53
+0.21
–0.04
–0.12
+0.09
+0.08
+0.16
...
+0.42
+1.11
–0.02
+0.63
–0.05
+0.29
–0.01
+0.08
+0.20
...
+0.25
+0.05
+0.36
...
+0.76
...
...
+0.01
+0.35
+0.45
–0.19
–0.15
+0.65
+1.09
–0.06
+0.15
–0.13
+0.54
+0.21
–0.11
+0.80
+0.32
+8.44
+3.98
+7.04
+0.41
+2.18
+0.26
–0.06
...
+0.48
+0.66
+0.23
+0.18
+0.30
+1.23
–0.01
+0.92
+0.90
+0.77
+0.97
+0.45
+0.46
–0.81
...
...
.1402
...
.1329
.3699
.344
.3556
2.526
.1267
.0961
.0334
.012
.0368
.055
.0088
.1266
.1713
.23
.0274
.0889
.0318
.057
.1386
.1238
.0416
.1675
.0776
.0586
...
.133
.1671
.0762
.1368
.1617
.2085
.1871
.1785
.1351
.0399
.0368
.0506
.1281
.2342
.2809
.1625
.3047
.1274
.2029
.2062
.0578
.2129
.7309
.2936
.3101
.1468
.4454
.4104
.3717
.3017
.3775
.3957
.4097
.3205
.0254
.1583
.2691
.3042
.1839
.3938
.9958
.8676
.2461
.1414
.0909
.1714
.1694
.2249
.0745
.4691
.1701
1.2102
.2134
Tick
Sym Yld
Name
iShEdgeMSCIUSAMom MTUM 1.1
iShEdgeMSCIUSAQual QUAL 1.8
iShEdgeMSCIUSAVal VLUE 2.0
iShEmMkCorpBdFd CEMB 3.4
iShEM HY Bd
EMHY 4.0
iShMtgRealEstCap REM 13.0
iSh5-10YInvCpBd MLQD 3.0
iShFloatingRateBd FLOT 1.5
iShGlbxUSDHiYdCpBd HYXU ...
iShGlbHiCorpBdFd GHYG 12.1
iShiBondsDec23Muni IBML .9
iShIntlAggregateBd IAGG .6
iShIntlDivGrowth IGRO 2.1
iShLiquidityIncm ICSH 1.2
iShMSCIArgentina AGT 1.6
iShMSCIChileCapped ECH .2
iShMSCIChinaAETF CNYA 1.2
iShMSCIDenmarkCap EDEN 1.6
iShMSCIEmgMulti EMGF 2.5
iShMSCIEurozone EZU .8
iShMSCIFinlandCap EFNL .8
iShMSCIGermanySC EWGS .4
iShMSCIGlbMet&MnPr PICK 2.3
iShMSCIGlSilverMin SLVP .5
iShMSCIEAFEGrowth EFG .9
iShMSCIIndiaETF INDA 1.4
iShMSCIIndiaSmCp SMIN 1.7
iShMSCINorwayCap ENOR 1.3
iShMSCI UK SC EWUS 3.0
iShMSCIEAFEValue EFV 2.7
iShMornMultiAsst IYLD 4.0
iShNorthAmNatRscs IGE 1.8
iShRussell2500 SMMD 1.7
iShIntlPfdStock
IPFF 2.8
iShNATech-Software IGV .0
iShShortMaturityBd NEAR 1.4
iShShrtMatMuniBd MEAR 1.0
iSh10+YInvCpBd LLQD 3.9
iShCohen&StrsREIT ICF 3.5
iShUS Div&Buyback DIVB ...
iShUSFixedIncmBal FIBR .5
iShUSTreasuryBdETF GOVT 1.7
JamesBiblically
JBRI ...
JPMorganDisciplHY JPHY 4.2
JPMGlblBdOpps JPGB 10.8
JPM UltShtIncm JPST 1.7
KraneFTSE EM Plus KEMP 1.1
LeggMasonEMLowVol LVHE 4.0
LeggMasonIntLowVol LVHI 3.4
MainSectorRot
SECT 1.2
MomentumIntlQuant IMOM 2.1
MomentumUSQuant QMOM ...
NuShESGEMEquity NUEM ...
NuShESGIntlDev NUDM ...
NuShESG LCGrwth NULG ...
NuShESG LCValue NULV ...
NuShESG MCGrowth NUMG ...
NuShESGMCValue NUMV ...
NuShESG SC
NUSC ...
NuShShTermREIT NURE 3.7
OppEMRevenue REEM 3.2
OppGlblRev
RGLB 1.3
OppIntlRevenue REFA .7
OppRuss1000
OMFL ...
OppRuss1000Low OVOL ...
OppRuss1000Mom OMOM ...
OppRuss1000Qual OQAL ...
OppRuss1000Size OSIZ ...
OppRuss1000Val OVLU ...
OppRuss1000Yd OYLD ...
OppRuss2000
OMFS ...
PacerIntCashCow100 ICOW 1.8
PacerGlCashCows GCOW 2.7
PacerTrendEurIndex PTEU ...
PacerTrendpilot450 PTMC .7
PacerTrendpilot100 PTNQ .3
PacerTrendpilot750 PTLC .9
PacerUSCashCows100 COWZ 1.7
PacerUSSCCash100 CALF 1.8
PacerWealthShield PWS ...
PointBridgeGOP MAGA ...
PwrShBalMultAsset PSMB 3.9
PwrShConservMult PSMC 4.1
PwrShGrwthMulti PSMG 3.9
PwrShModConserv PSMM 3.9
PwrShFTSEDevXNA PBDM ...
Div
Last Chg. Amt.
109.06
86.23
87.58
51.33
50.35
44.09
49.35
50.91
55.42
51.31
25.20
52.12
59.42
50.11
31.84
55.02
33.80
68.94
52.11
45.71
41.19
68.29
37.82
11.07
83.63
37.13
55.07
27.60
44.67
58.20
25.86
37.67
45.01
18.91
165.26
50.17
49.83
51.03
95.63
27.15
99.80
24.92
26.48
51.52
51.46
50.08
28.46
30.20
28.40
28.66
31.85
30.10
30.77
28.05
32.71
29.64
30.36
28.98
29.44
25.36
29.29
29.23
29.23
26.89
25.84
26.53
26.88
26.53
26.78
26.07
26.01
30.35
32.76
32.22
32.15
31.91
29.77
30.58
26.95
26.55
29.08
13.69
12.90
14.13
13.24
27.21
+2.35
+1.43
+1.89
+0.09
–0.11
–0.31
–0.06
+0.03
+0.42
+0.27
–0.01
–0.11
+0.07
+0.04
+0.64
+0.57
+0.70
+0.15
+0.76
+0.70
+0.54
+1.06
+1.88
+0.21
+0.67
+0.12
+0.17
+0.63
+0.31
+1.31
+0.01
+0.94
+0.85
–0.08
+4.21
+0.03
+0.03
+0.10
–3.40
+0.49
–0.27
–0.09
+0.56
–0.05
+0.02
...
+0.55
+1.48
–0.38
+0.56
+0.51
+0.60
+0.37
+0.34
+0.65
+0.61
+0.33
+0.60
+0.55
–0.58
+0.47
+0.81
+0.68
+0.72
...
+0.36
+1.00
...
...
...
+0.16
+0.49
+0.42
+0.37
+0.44
+0.52
+0.43
+1.02
+0.74
+0.54
+0.63
+0.09
...
+0.13
...
+0.41
.308
.3775
.4412
.1443
.1667
1.4353
.1234
.0655
.0544
.5179
.0192
.027
.3074
.0508
.0742
.0492
.1995
.5679
.0376
.1915
.1572
.1233
.0192
.0285
.3734
.2677
.4663
.1855
.6637
.7839
.0856
.1736
.1933
.0446
.002
.057
.0427
.1655
.8308
.0981
.0424
.0363
...
.1796
.4633
.0699
.3263
.2983
.2384
.0878
.1663
.0263
.0065
.0078
.0969
.0814
.1244
.04
.0828
.092
.0776
.0986
.0482
.084
.0955
.0685
.073
.0807
.082
.1323
.0885
.1391
.2248
.1856
.2097
.0982
.2774
.1276
.118
...
.1137
.0293
.0177
.0292
.0252
.1398
Tick
Sym Yld
Name
PwrShFTSEEM PBEE ...
PwrShMSCIUSA PBUS ...
PwrShMSCIUSASC PBSM ...
PwrShUSAggBd PBND 2.3
PwrSh0-5YUSTIPS PBTP ...
PwrShRuss1000Enh USEQ 1.8
PwrShS&P500Min SPMV 5.6
PwrShS&P500ValMom SPVM 2.0
PwrShS&PIntlDevHi IDHD 5.8
PwrShS&PSCHiDivLow XSHD 5.2
PwrShS&PSCQual XSHQ 1.7
PremiseCapFrAdvDiv TCTL 1.3
PrincipalGlbDiv GDVD 1.5
PrincipalSpectPfd PREF 4.9
ProShCDSShNAHYCred WYDE ...
ProShGlbListedPrv PEX 63.5
ProShHY IntRt
HYHG 5.8
ProShInvGrdIntRt IGHG 3.4
ProShK1FreeCrude OILK ...
ProShLCCorePlus CSM 1.3
ProShDivGrowers EFAD 3.8
ProShMSCIEMDiv EMDV 3.7
ProShMSCIEurDiv EUDV 3.0
ProShMergerETF MRGR .3
ProShMornAltSoln ALTS 8.4
ProShRuss2000Div SMDV 2.5
ProShS&P500Arist NOBL 2.3
ProShS&PMC400 REGL 1.9
ProShShortUSDEmgBd EMSH 3.1
ProShTrMgdFut
FUT ...
ProSportsSponsors FANZ ...
QuantXDynBetaUS XUSA ...
QuantXRiskMgdGrw QXGG ...
QuantXRiskMgdMlt QXMI 7.5
QuantXRiskMultiTR QXTR ...
QuantXRiskMgd QXRR ...
REXVolMAXXInvVIXWk VMIN 20.2
REXVolMAXXLgVIXWk VMAX ...
RealityDIVDivDef DFND ...
RealityDIVCONDivGd GARD .7
RealityDIVCONLdrs LEAD 1.1
RepublicanPolicies GOP ...
RevWeightUSLC RVRS ...
SPDRDoubleEMFixed EMTL 1.6
SPDRDoubleShDurTR STOT .8
SabaClosedEndFds CEFS 7.8
SageESG InterCred GUDB ...
3DPrintingETF
PRNT ...
TortoiseWaterFd TBLU .8
TrimTabsAllCapIntl TTAI ...
TrimTabsFloatShr TTAC 1.5
USTaxReformFd TAXR ...
ValueShIntlQuant IVAL 3.9
ValShUSQuantit QVAL 1.4
Velocity1xInvVS EXIV ...
Velocity1xLgVSTOXX EVIX ...
WearETF
WEAR .3
WisdTrYdEnhUSST SHAG 2.2
WisdTrDynBearUS DYB ...
WisdomDyCurrHdgEur DDEZ .6
WisdomDynCurrIntl DDWM 1.6
WisdTrDynCurr DHDG .2
WisdomDynCurrIntSC DDLS 1.0
WisdomDynCurrJapan DDJP 5.2
WisdTrDynLSUS DYLS 3.8
WisdTrEMDivFd DVEM 1.9
WisdTrEurDomEcon EDOM .4
WisdomTreeCpBdFd WFIG 3.4
WisdomTreeUSHYCpBd WFHY 5.9
WisdTrUSSTCpBd SFIG 2.2
WisdTrUSSTHY SFHY 5.2
WisdTrGlbxUS HDRW 11.0
WisdTrGlHdgSC HGSD 3.1
WisdomTreeGlbSC GSD 3.9
WisdTrIntlQualDiv IQDG 1.2
WisdTrStrongDollar EMSD 4.4
WisdTrUSMulti USMF 1.4
XtrkrsEurozone EURZ .3
XtrkrsGermany GRMY 3.5
Div
Last Chg. Amt.
27.11
27.57
27.64
24.90
24.80
28.40
27.68
29.71
29.67
25.36
27.83
30.85
28.74
100.61
32.38
36.91
68.65
77.90
22.99
69.46
39.52
59.84
42.56
35.97
38.26
55.42
65.50
54.99
77.18
40.20
22.83
28.54
28.66
26.05
26.62
25.91
37.38
11.18
27.65
25.98
33.28
22.25
16.46
50.26
49.34
21.67
49.55
26.42
29.90
28.06
35.34
21.93
34.30
32.47
58.36
10.37
18.75
49.59
26.09
32.50
31.66
25.71
34.45
31.06
33.67
34.88
32.99
49.73
50.62
49.24
49.34
28.47
26.24
33.89
31.67
28.64
28.62
25.33
25.00
+0.18
+0.99
+0.42
...
...
+0.44
+0.51
+0.63
+0.02
+0.16
+0.58
+0.31
+0.29
+0.22
–0.06
+0.15
+0.15
+0.56
+1.02
+1.12
+0.12
...
+0.12
–0.19
–0.04
+0.47
+0.71
+0.27
+0.12
–0.07
+0.20
+0.15
+0.38
+0.14
+0.30
–0.03
+0.55
–0.03
+0.22
+0.58
+0.60
+0.45
+0.32
+0.02
–0.04
+0.12
...
+1.01
+0.18
+0.25
+0.98
+0.26
+0.36
+1.19
+3.45
–0.35
+0.12
–0.07
–0.01
+0.01
+0.30
+0.10
+0.24
+0.25
+0.45
+0.38
+0.72
–0.05
–0.04
...
+0.38
–0.22
–0.15
+0.41
+0.21
–0.36
+0.40
+0.37
–0.21
.1324
.1328
.129
.0472
.1805
.1283
.3883
.1514
.428
.1091
.1157
.4019
.1111
.414
...
5.8575
.3312
.2176
1.3352
.2239
.3729
.5533
.3195
.0296
.8081
.3444
.3723
.2653
.1998
.0022
.119
.2309
.1663
.0782
.3883
.4458
.814
...
.0067
.0483
.0241
.0384
.0515
.4902
.0313
.094
.2038
.095
.1877
.0716
.1354
.0021
.3305
.1111
...
...
.297
.0907
...
.0484
.1292
.0117
.0819
.4051
.3223
.1687
.0303
.1422
.249
.0895
.2134
.7834
.2066
.331
.0987
.3124
.1024
.0356
.4341
NASDAQ
ALPS/DorseyMom SWIN
ActiveAltsCont
SQZZ
AdvShViceETF
ACT
.7 30.45 +0.39 .0514
... 26.38 +0.53
...
... 26.30 –0.10 .0448
Tick
Sym Yld
Name
AlphaMarkActiveMgd SMCP ...
AmplifyOnlineRet IBUY ...
ArrowCntryRotat DWCR ...
ArrowInvDWATact DWAT .4
BldrsAsia50ADS ADRA 1.7
BMOElkhornDWAMLP BMLP 8.0
BldrsDev100
ADRD 1.9
BldrsEmg50
ADRE .9
BldrsEur100
ADRU 2.0
ClearBr AC Grw CACG ...
ClearBrDivStrat YLDE 3.0
ClearBrLCGrw
LRGE ...
CSX-LinksCrudeOil USOI 2.7
CSX Gold
GLDI 2.2
CSX SilverETN
SLVO 3.4
DavisFinl
DFNL ...
DavisUSEquity
DUSA ...
DavisWorldwide DWLD ...
ElkhornComRotat DWAC ...
FidelityNasdComp ONEQ 1.1
FT AltAbsRet
FAAR ...
FT APxJapan
FPA 6.9
FT BICK
BICK .8
FTBrazilAlphaDEX FBZ 15.9
FTBuyWriteIncm FTHI 4.1
FT CEFIncmOpp FCEF 4.8
FT CA MuniHi
FCAL 3.8
FT CanadaAlpha FCAN .6
FT CapStrength FTCS 1.2
FT ChinaAlphaDEX FCA 3.5
FT CloudComp
SKYY .1
FT DevIntlEquity RNDM 1.3
FT DevMkts
FDT 3.3
FT DevMktsXUS FDTS 3.0
FT DorseyDyn5
FVC 1.5
FT DorseyFoc5
FV 1.6
FT DorseyIntl5
IFV 3.0
DorseyWrightPeople DWPP 1.3
FT MultAsstDiv
MDIV 6.7
FT NasdTechDiv TDIV 2.2
FT EM Alphadex
FEM 2.8
FT EM EquitySel RNEM .7
FT EM LocalCurr FEMB 8.1
FT EM SC Alpha FEMS 2.0
FT EnhShtMat
FTSM 1.5
FT EuropeAlpha
FEP 1.5
FTEurozoneAlpha FEUZ .5
FT GerAlpha
FGM 3.4
FT GlTactCommod FTGC ...
FTHdgBuyWriteIncm FTLB 2.8
FT HK AlphaDEX FHK 17.7
FT GlblAgri
FTAG .6
FT GlbNatRscs
FTRI 4.0
FT Intl IPO
FPXI 1.4
FT JapanAlpha
FJP 2.8
FT LC CoreAlpha FEX 1.3
FT LC GrwthAlpha FTC .4
FT LC US Equity RNLC 1.3
FT LC Value
FTA 1.9
FTLatAmAlphaDEX FLN 24.3
FT LowDurOpp
LMBS 2.7
FT MgdMuni
FMB 2.5
FT MegaCap
FMK 1.4
FT MC CoreAlpha FNX 1.5
FT MC GrwthAlpha FNY .4
FT MC US Equity RNMC 1.5
FT MC ValAlpha
FNK 2.3
FT MCGrAlpDX
FAD .4
FT MuCValAlpha
FAB 2.2
FTMuniCEFIncmOpp MCEF 3.6
FTMuniHiIncm
FMHI 3.0
FT NasdComBk QABA 1.8
FT NasdCleanEdge QCLN .6
FT NasdClEdSmGr GRID .7
FT NasdCybersec CIBR .1
FT NasdGlblAuto CARZ 2.4
FT Nasd100xTech QQXT .4
FT Nasd100Tech QTEC 1.1
FT NasdSmartphone FONE 3.8
FTNasdaqBk
FTXO 1.6
FT NasdFood&Bev FTXG 2.3
FT NasdOil&Gas FTXN 1.7
FT NasdPharm
FTXH .6
FT NasdRetail
FTXD 1.4
FT NasdSemicon FTXL .4
FT NasdaqTrans FTXR 1.0
Div
Last Chg. Amt.
26.58
43.90
31.74
12.16
36.67
51.08
24.63
45.51
23.86
29.42
28.42
30.78
27.67
9.20
8.04
24.92
24.71
27.96
26.31
284.95
29.77
37.06
32.15
16.18
23.64
22.38
50.92
27.06
53.12
32.83
47.86
53.62
65.76
46.55
27.17
29.15
23.47
29.74
19.34
36.34
29.79
56.20
43.37
45.36
60.03
41.25
46.63
54.13
20.95
23.30
44.50
29.40
12.91
37.99
62.94
61.07
64.35
22.54
56.50
21.68
51.65
53.25
35.33
68.19
40.97
22.34
37.38
68.41
58.69
18.55
50.42
55.26
21.23
52.60
24.20
44.39
51.08
75.86
54.52
31.06
20.92
22.39
22.46
22.09
31.73
27.50
+0.03
+1.16
+0.32
+0.21
+0.46
+1.44
+0.45
+0.31
+0.29
+0.62
+0.59
+0.54
+0.52
+0.09
+0.02
+0.61
+0.68
+0.62
+0.55
+4.71
+0.38
+0.51
+0.59
–0.03
+0.22
+0.04
–0.38
+0.20
+0.86
+1.60
+0.67
+0.26
+1.34
+0.61
+0.66
+0.70
+0.35
+0.48
+0.18
+0.22
+0.55
+0.30
+0.21
+0.22
+0.03
+0.76
+0.75
+0.71
+0.13
+0.20
+0.77
+0.19
+0.09
+0.82
+1.25
+1.22
+1.35
+0.46
+1.05
+0.31
–0.03
–0.19
+0.86
+1.18
+0.74
+0.43
+0.74
+1.49
+1.24
–0.28
–0.20
+2.40
+0.25
+0.22
+0.46
+0.57
+0.82
+0.62
+0.27
+1.14
+0.04
+0.64
+0.55
+0.34
–0.19
+0.76
...
...
...
.105
.1595
1.0215
.1153
.104
.118
.0668
.212
.11
.0633
.0165
.0226
.0967
.0752
.0182
...
.77
.8298
.6417
.0664
.1733
.08
.09
.0447
.043
.1638
.284
.0142
.1678
.5493
.3444
.0999
.1149
.1748
.0962
.1086
.1961
.208
.5762
.2941
.1139
.0775
.1573
.0625
.464
.2497
.055
1.9648
.0467
.1279
.1322
.4451
.2045
.0686
.0725
.2743
1.3153
.1175
.1125
.1218
.2603
.0458
.0846
.2176
.0623
.3203
.055
.125
.2483
.0306
.0882
.0053
.2674
.0448
.2006
.5232
.1217
.119
.0942
.0353
.078
.0314
.0688
Tick
Sym Yld
Name
FT Nasd100 EW QQEW .7
FT RBA AmerInd AIRR .4
FT RBAQualIncm QINC 3.1
FTRisingDivAch RDVY 1.4
FT RiverFrDynAP RFAP 3.5
FT RiverFrDynDev RFDI 2.1
FT RiverFrDynEM RFEM 1.2
FT RiverFrDynEur RFEU .6
FT SMID CapRising SDVY ...
FT SSI Strat
FCVT 8.5
FT SrLoanFd
FTSL 5.1
FT SC CoreAlpha FYX 1.2
FT SC GrwthAlpha FYC .4
FT SC US Equity RNSC 3.2
FT SC Value
FYT 1.8
FT SKoreaAlpha
FKO ...
FT StratIncm
FDIV 5.6
FT SwitzAlpha
FSZ 5.7
FT TCW Opp
FIXD 2.1
FT TacticalHY
HYLS 7.2
FT TaiwanAlpha
FTW 5.8
FT TotalUSMkt
TUSA 1.1
FT USEquityDiv RNDV 2.9
FT UK Alpha
FKU 2.3
FlexShCredScoreUS SKOR 2.6
FlexShCredScUSLg LKOR 3.9
FlexShDiscDurMBS MBSD 3.4
FlexShRealAsset ASET 3.6
FlexSTOXXGlbESGImp ESGG 1.2
FlexSTOXXUSESGImp ESG 1.9
FlexShUSQualLC QLC 1.6
GlbXConsciousCos KRMA 1.2
GlbXFinTech
FINX ...
GlbX Health&Well BFIT .9
GlbXInternetThings SNSR .5
GlbXLongevityThem LNGR .4
GlbXMSCISuperDiv EFAS 17.2
GlbXMillThematic MILN .2
GlbXNASDAQChinaTch QQQC 2.1
GlbX Robotics&AI BOTZ .0
GlbXS&P500Catholic CATH 1.2
GlbXSocialMedia SOCL 1.4
GlbXSuperDividAlt ALTY 9.9
GlbXSuperDivdREIT SRET 20.6
GlbX Yieldco
YLCO 4.2
HighlandSrLoan SNLN 4.5
HorizDAXGermany DAX 3.3
HorizNasd100
QYLD 6.5
IQChaikinUSLC CLRG ...
IQ Chaikin US SC CSML .6
IntlMultiAssetDiv YDIV 6.1
iPath5-YearBear DFVS ...
iPathFlattener
FLAT ...
iPathLgBdBear
DLBS ...
iPath10-yearBear DTYS ...
iPath2yearBear DTUS ...
iSectorsPostMPT PMPT 1.0
iShAsia50ETF
AIA 2.2
iShIntermCredBd
CIU 2.2
iSh1-3YCreditBond CSJ 1.7
iSh3-7YTreasuryBd IEI 1.7
iShCommodSelStrat COMT 16.9
iShCoreMSCITotInt IXUS 2.4
iShCore1-5YUSDBd ISTB 1.1
iShCoreS&PUSGrowth IUSG 1.3
iShCoreS&PUSValue IUSV 1.9
iShCoreTotalUSDBd IUSB .5
iShCurrHdMSCIGrmny HEWG .5
iShSelectDividend DVY 3.2
iShESG1-5YCpBd SUSB 2.1
iShESGUSDCorpBd SUSC 2.9
iShEurDevRealEst IFEU 4.3
iShExponentialTech XT 1.1
iShFallAngelsUSDBd FALN 4.0
iShGNMABondETF GNMA 2.6
iShGlbCleanEnergy ICLN 1.8
iShGlbTimber
WOOD .4
iSh$HYxOil&Gas HYXE 5.7
iShIndia50ETF
INDY .3
iShIntlDevRealEst IFGL 10.3
iShIntlTreasuryBd IGOV .5
iShJPMUSDEmgBd EMB 3.8
iShMBSETF
MBB 2.6
iShMSCI ACWI
ACWI 1.8
iShMSCIACWIxUS ACWX 2.0
iShMSCIACxJpn AAXJ 3.1
Div
Last Chg. Amt.
60.98
28.17
25.61
31.17
63.61
67.40
74.87
68.63
21.67
29.42
48.27
63.25
43.75
22.15
38.45
31.33
51.64
54.88
50.49
48.84
37.10
34.25
22.29
41.55
50.61
54.51
23.55
28.84
98.98
65.90
34.74
20.14
23.54
16.81
20.75
20.23
18.73
19.94
33.12
26.18
34.27
34.90
15.45
15.33
12.40
18.26
32.70
24.96
26.26
29.26
19.01
32.49
62.98
17.57
19.71
35.91
27.46
69.34
108.93
104.45
121.55
37.70
65.95
49.70
56.24
57.36
50.71
29.58
100.37
24.89
25.35
41.34
37.16
27.46
49.31
9.66
74.34
51.21
37.88
30.80
50.48
116.13
106.16
75.20
52.20
80.15
+0.83
+0.68
+0.20
+0.76
+0.99
+1.14
+0.80
+1.10
+0.48
+0.35
+0.08
+1.43
+0.68
+0.54
+1.05
+0.88
+0.13
+0.59
–0.15
–0.03
+0.02
+0.62
+0.51
+0.98
+0.03
–0.14
–0.14
–0.13
+1.71
+1.37
+0.71
+0.35
+0.59
+0.08
+0.47
+0.28
+0.17
+0.23
+0.57
+1.06
+0.56
+0.18
+0.06
–0.22
–0.21
–0.01
+0.10
+0.06
+0.64
+0.70
–0.15
+0.91
+1.22
+0.89
+0.74
+0.22
+0.01
+0.42
–0.05
–0.01
–0.28
+0.84
+0.82
–0.03
+0.82
+0.96
–0.11
–0.20
+1.43
–0.01
+0.07
–0.33
+0.52
+0.04
–0.21
+0.26
+1.53
–0.17
+0.12
+0.21
+0.52
–0.59
–0.30
+1.07
+0.63
+0.74
.1071
.0303
.1966
.1098
.5547
.003
.0582
.1111
.0608
.0519
.205
.1829
.0445
.1789
.1718
.1104
.24
.7839
.0898
.295
.5415
.0937
.1629
.2367
.111
.1764
.0664
.0032
.2907
.3205
.1382
.2347
.0022
.1111
.0176
.0332
.1461
.0299
.6806
.0004
.0052
.4902
.127
.2632
.0132
.0685
.5466
.1108
.0013
.0449
.0969
...
...
...
...
...
.2815
.7689
.2033
.1448
.1687
1.5957
.7783
.047
.1897
.2677
.0229
.0673
.798
.0439
.0615
.4423
.0072
.0919
.1073
.0892
.1586
.2427
.0588
.7966
.021
.3712
.2338
.6694
.528
1.2338
Name
Tick
Sym Yld
iShMSCIBrazilSC EWZS
iShMSCIChina
MCHI
iShMSCIEAFEESGOpt ESGD
iShMSCI EAFE SC SCZ
iShMSCIEMESGOpt ESGE
iShMSCIEmMkAsia EEMA
iShMSCIEMxChina EMXC
iShMSCIEuropeFinls EUFN
iShMSCIEuropeSmCp IEUS
iShMSCIGlblGoldMin RING
iShMSCIGlbImpact MPCT
iShMSCINewZealand ENZL
iShMSCIQatar
QAT
iShMSCITurkeyETF TUR
iShMSCIUAE
UAE
iShMSCIUSAESGOpt ESGU
iShMornMCValue
JKI
iShNasdaqBiotech IBB
iSh13YearIntlTBd ISHG
iShPHLXSemicond SOXX
iShRuss1000PureUS AMCA
iShS&PSC600Growth IJT
iShUSPfdStk
PFF
iShS&P EM Infra EMIF
iShGlobalInfra
IGF
iShShortTreaBd
SHV
iSh1-3YTreasuryBd SHY
iSh7-10YTreasuryBd IEF
iSh20+YTreasuryBd TLT
iShUSCreditBdETF CRED
iSh0-5YInvGrdCpBd SLQD
JanusSGGlbQualIncm SGQI
JanusSCGrwAlpha JSML
JanusS/MC GrwAlph JSMD
LeggMasonDev
DDBI
LeggMasonEMDivCore EDBI
LeggMasonGlbInfr INFR
LeggMasonLVHD LVHD
LeggMasonSCQualVal SQLV
LeggMasonUSDivCore UDBI
LoncarCancerETF CNCR
LongTermCareETF OLD
ObesityETF
SLIM
OrganicsETF
ORG
PwrShBuybackAch PKW
PwrShDBOptYdDiv PDBC
PwrShDWA DevMkt PIZ
PwrShDWA EM
PIE
PwrShDWAMom DWLV
PwrShDWA Mom PDP
PwrShDWANasdMom DWAQ
PwrShDWASCMom DWAS
PwrShDWA Tact DWIN
PwrShDWATact DWTR
PwrShDWA Util
PUI
PwrShDivAch
PFM
PwrShDynBscMatl PYZ
PwrShDynConDis PEZ
PwrShDynConsStp PSL
PwrShDynEnerSec PXI
PwrShDynFinl
PFI
PwrShDynHlthcr
PTH
PwrShDynIndls
PRN
PwrShDynTech
PTF
PwrShFTSEIntlLow IDLB
PwrShUS1500
PRFZ
PwrShGlblAgricult PAGG
PwrShGlobalGold PSAU
PwrShGlbWater
PIO
PwrShGoldDragon PGJ
PwrShHY EqDiv
PEY
PwrShIntlBuyBack IPKW
PwrShIntlDivAch
PID
PwrShKBW Banks KBWB
PwrShKBWHiDiv KBWD
PwrShKBWPREIT KBWY
PwrShKBWProp&Cas KBWP
PwrShKBW RegBk KBWR
PwrShLadder0-5 LDRI
PwrShMultiStratAlt LALT
PwrShNasdInternet PNQI
PwrSh1-30LadTrsr PLW
PwrShQQQ 1
QQQ
PwrShRuss1000Low USLB
PwrShS&P SC CD PSCD
PwrShS&P SC ConStp PSCC
4.3
2.3
4.2
2.2
4.7
2.6
...
1.3
1.9
.5
2.4
3.8
.0
.5
1.1
1.3
2.0
.4
5.5
.7
.9
1.1
3.1
3.8
2.6
1.0
1.3
1.9
2.5
2.8
1.4
3.3
.8
.5
1.5
2.1
3.0
3.5
...
1.6
1.4
3.4
.2
1.6
.8
3.7
1.7
3.1
2.0
.6
.4
.6
4.2
1.0
3.4
2.3
1.0
.4
.7
1.3
.9
...
1.6
.2
4.9
1.6
1.4
4.5
1.4
5.0
4.4
2.4
4.1
1.9
7.9
7.5
4.2
2.5
2.2
.4
.1
1.9
.8
2.8
1.2
2.9
Div
Last Chg. Amt.
17.08
71.99
70.78
67.34
77.29
77.84
55.72
24.93
60.43
19.57
60.95
47.68
17.33
44.27
17.82
60.54
165.43
111.98
85.43
178.99
27.82
176.11
38.12
33.67
45.41
110.26
83.74
104.57
124.52
111.69
50.17
28.94
37.47
40.20
30.80
34.44
29.31
31.37
28.23
32.18
25.70
23.13
32.41
34.00
62.22
17.90
28.55
21.59
32.04
53.72
108.60
50.63
27.16
29.63
26.19
27.08
74.50
52.92
65.26
42.06
36.40
76.13
63.91
55.08
31.20
134.80
28.25
20.26
26.42
48.83
18.34
38.80
17.05
58.26
23.75
34.25
59.06
59.29
24.83
21.40
123.77
32.36
164.49
31.60
62.76
73.29
+0.01
+1.38
+0.93
+1.21
+0.51
+0.74
+0.12
+1.04
+0.79
+0.27
+0.27
–0.80
+0.99
–0.63
+0.34
+1.00
+3.58
+2.15
+1.01
–0.50
+0.37
+3.48
+0.15
–0.23
–0.51
+0.01
–0.04
–0.58
–1.19
–0.04
–0.03
–0.46
+0.10
+0.69
+0.47
+0.32
–0.25
–0.09
+0.89
+0.22
+0.81
–0.70
+1.37
–0.46
+1.83
+0.31
+0.16
+0.12
+0.38
+0.78
+2.55
+1.19
+0.07
+0.76
–0.82
+0.31
+0.99
+1.26
+0.39
+1.22
+0.88
+2.41
+1.68
+0.82
+0.44
+2.79
+0.12
+0.20
–0.02
+0.82
+0.37
+0.54
+0.13
+2.14
+0.18
–0.60
+0.68
+2.76
–0.02
+0.07
+2.22
–0.21
+1.20
+0.26
+1.23
+0.07
.0181
.8457
.7358
.7547
.8994
1.0204
.5337
.156
.5817
.0479
.7361
.9028
.0008
.1174
.1005
.1062
.8122
.1254
.3893
.3167
.0651
.5058
.0992
.6339
.5998
.0918
.0941
.1641
.2616
.2605
.0579
.2373
.0735
.0505
.4625
.332
.2164
.2748
.11
.7918
.3502
.1954
.0142
.1385
.1188
.6691
.1242
.1698
.1587
.0867
.1052
.0823
.0952
.0763
.2233
.1534
.1835
.0477
.1191
.1321
.0847
...
.253
.0214
.3829
.5483
.096
.23
.0918
.614
.067
.2361
.1747
.2804
.1572
.2134
.6267
.3669
.045
.096
.0269
.0521
.3294
.2226
.1895
.5327
Nasdaq Issues
52-Week
High Low Name
22.86
11.30
39.37
55.00
21.35
23.78
46.35
23.25
31.37
10.23
19.35
49.74
21.33
52.69
11.45
169.89
29.65
20.95
203.30
74.85
39.58
25.65
23.04
32.35
25.56
36.10
46.68
85.00
6.51
16.65
7.70
29.50
39.55
4.72
19.45
31.70
16.15
24.47
7.81
15.75
38.98
13.75
29.53
6.81
112.01
13.81
15.35
56.15
46.05
25.93
11.65
11.60
25.65
10.00
16.19
13.01
58.50
1.66
Umpqua
UnicoAmerican
UnionBankshares
UnionBankshares
uniQure
UnitedBancshares
UnitedBkshrsWV
UtdCmntyBcp
UtdCmtyBks
UtdCmtyFnl
UnitedFinBncp
UnitedFire
UnitedGuardian
UnitedNatFoods
UnitedSecBcshrs
UnitedTherap
Uniti
UnityBancorp
UnivDisplay
UnivElectro
UniversalForest
UnivLogistics
UnivStainless
UnivestPA
UplandSoftware
UrbanOutfitters
UroGenPharma
UtahMedProducts
UTStarcom
Tick
Div
Sym Yld P/E Last Chg. Amt.
UMPQ
UNAM
UBSH
UNB
QURE
UBOH
UBSI
UCBA
UCBI
UCFC
UBNK
UFCS
UG
UNFI
UBFO
UTHR
UNIT
UNTY
OLED
UEIC
UFPI
ULH
USAP
UVSP
UPLD
URBN
URGN
UTMD
UTSI
3.2
...
2.2
2.3
...
2.2
3.7
1.9
1.3
1.7
2.7
2.5
5.2
...
2.4
...
14.7
1.2
.1
...
.9
1.1
...
2.8
...
...
...
1.3
...
21
dd
21
25
dd
16
19
24
21
21
15
71
24
18
23
12
dd
16
96
72
22
cc
dd
19
dd
23
...
23
...
22.40
8.70
38.25
50.45
17.59
21.45
36.90
20.70
30.86
9.60
17.98
44.67
19.10
47.42
11.45
141.27
16.38
20.65
196.60
48.55
38.46
24.70
22.86
28.55
23.03
34.64
44.16
83.00
6.05
+1.14
–0.25
+2.33
–1.80
–1.89
–0.50
+2.10
–0.70
+2.77
+0.21
+0.56
+0.21
+0.45
+2.54
+0.35
–8.52
–0.78
+0.65
+17.30
–1.10
+0.22
+0.95
+0.84
+0.25
+0.92
+0.38
+0.19
+2.70
–0.23
.18
...
.21
.29
...
.12
.34
.10
.10
.04
.12
.28
.50
...
.07
...
.60
.06
.03
...
.17
.07
...
.20
...
...
...
.27
...
52-Week
High Low Name
Tick
Div
Sym Yld P/E Last Chg. Amt.
V
4.50
9.00
59.90
18.99
41.99
53.60
9.05
34.38
12.83
9.80
5.71
44.70
118.28
98.60
29.43
74.92
17.50
24.00
167.86
49.00
46.72
76.69
11.89
25.65
11.74
3.67
4.05
34.98
11.90
25.00
25.20
3.90
10.85
6.99
5.75
1.11
35.90
79.21
75.60
23.84
7.76
10.44
1.60
79.78
28.20
22.13
57.75
8.32
13.90
7.85
VEON
VOXX Intl
VSE
VandaPharm
VarexImaging
VaronisSystems
VascularBiogenics
VeecoInstr
VeraBradley
Veracyte
Verastem
VerintSystems
VeriSign
VeriskAnalytics
Veritex
Veritone
VeronaPharma
Versartis
VertxPharm
Viacom A
Viacom B
ViaSat
ViaviSolutions
Vicor
Videocon d2h
VEON
VOXX
VSEC
VNDA
VREX
VRNS
VBLT
VECO
VRA
VCYT
VSTM
VRNT
VRSN
VRSK
VBTX
VERI
VRNA
VSAR
VRTX
VIA
VIAB
VSAT
VIAV
VICR
VDTH
2.8
...
.6
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
2.0
2.4
...
...
...
...
4
dd
19
dd
30
dd
dd
dd
cc
dd
dd
dd
31
36
30
dd
dd
dd
cc
8
7
dd
25
dd
cc
3.92
6.55
49.56
14.50
40.89
52.05
8.30
16.05
11.14
6.63
3.05
43.05
113.61
97.50
28.90
23.33
12.52
2.15
157.93
39.10
33.76
76.44
9.04
19.20
8.58
–0.09
+0.80
+1.54
–0.75
+0.17
+0.65
+0.35
–0.25
–0.26
+0.01
+0.08
+1.10
+0.61
+0.62
+1.05
–0.08
+0.02
–0.13
+2.24
+5.55
+4.66
+2.11
+0.01
–0.70
–1.25
.11
...
.07
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
.20
.20
...
...
...
...
52-Week
High Low Name
Tick
Div
Sym Yld P/E Last Chg. Amt.
10.64
5.43
31.34
24.09
6.05
19.20
132.85
48.71
140.64
6.70
1.38
32.75
25.99
8.09
3.01
0.88
22.43
14.76
3.55
13.10
97.60
24.84
86.10
2.25
0.48
24.31
8.10
3.57
ViewRay
VikingTherap
VillageSuper A
ViperEnergyPtrs
VircoMfg
VirtuFinancial
VirtusInvtPtrs
Virtusa
Visteon
VitalTherapies
Vivus
Vodafone
VoyagerTherap
vTvTherap
39.70
127.15
52.50
16.85
88.00
35.90
59.10
20.40
21.75
25.95
123.00
15.15
100.60
42.45
14.10
63.82
29.80
47.00
16.90
13.05
17.25
45.40
WAVE LifeSci
WD-40
WSFS Financial
WVS Financial
WalgreensBoots
WashingtonFederal
WashTrBcp
WaterstoneFinl
WaysideTech
Web.com
Weibo
VRAY
VKTX
VLGEA
VNOM
VIRC
VIRT
VRTS
VRTU
VC
VTL
VVUS
VOD
VYGR
VTVT
...
...
4.3
5.6
1.3
5.1
1.4
...
...
...
...
3.5
...
...
dd
dd
16
27
3
cc
26
64
31
dd
1
dd
dd
dd
9.60
4.74
23.09
23.93
4.75
19.00
131.40
45.77
138.03
6.00
.51
31.93
18.38
5.54
+0.13
–0.27
+0.09
+0.55
...
+0.35
+8.70
–0.08
+1.29
–0.30
–0.02
–0.65
+0.52
–0.22
...
...
.25
.337
.015
.24
.45
...
...
...
...
.5642
...
...
dd
33
21
17
21
18
19
17
11
49
cc
36.55
124.05
50.50
16.01
76.07
35.65
55.70
17.75
15.10
24.00
121.44
+3.00
+5.15
+2.45
+0.15
+3.15
+1.25
+1.50
+0.60
–0.90
+1.45
+0.58
...
.54
.09
.06
.40
.15
.39
.12
.17
...
...
WXYZ
WVE
WDFC
WSFS
WVFC
WBA
WAFD
WASH
WSBF
WSTG
WEB
WB
...
1.7
.7
1.5
2.1
1.7
2.8
2.7
4.5
...
...
52-Week
High Low Name
17.66
40.58
43.77
28.00
64.26
95.77
11.10
19.03
4.33
32.99
36.87
27.58
165.00
8.35
45.14
139.05
88.54
13.41
86.15
84.23
116.89
88.54
2.67
31.53
171.06
37.25
20.18
5.00
52.22
13.03
24.20
34.81
20.60
49.38
70.59
9.00
0.95
0.82
23.75
22.35
21.10
120.87
1.71
24.74
109.90
64.14
7.87
50.10
65.22
79.11
42.01
1.30
22.00
89.60
3.96
2.77
1.80
40.43
Wendy's
WernerEnterprises
WesBanco
WestBancorp
WestamericaBncp
WesternDigital
WestNewEngBncp
WestmorelandCoal
WestportFuelSys
WeycoGroup
Willdan
WillisLease
WillisTowers
Windstream
Wingstop
Winmark
WintrustFin
WisdomTreeInvs
Wix.com
Woodward
Workday
WorldAcceptance
WrightMedical Rt
WrightMedical
WynnResorts
XOMA
XBiotech
XcelBrands
XcelEnergy
Tick
Div
Sym Yld P/E Last Chg. Amt.
WEN
WERN
WSBC
WTBA
WABC
WDC
WNEB
WLB
WPRT
WEYS
WLDN
WLFC
WLTW
WIN
WING
WINA
WTFC
WETF
WIX
WWD
WDAY
WRLD
WMGIZ
WMGI
WYNN
XOMA
XBIT
XELB
XEL
1.6
.7
2.4
2.8
2.7
2.4
1.1
...
...
2.8
...
...
1.4
...
.6
.3
.6
2.4
...
.6
...
...
...
...
1.2
...
...
...
3.2
68
35
18
17
26
17
23
dd
dd
20
21
8
46
dd
63
26
21
60
dd
26
dd
11
...
dd
46
dd
dd
22
19
17.25
39.90
42.60
25.75
60.14
83.12
11.05
1.36
3.72
31.83
24.35
26.47
155.46
1.84
45.08
135.50
87.49
13.23
61.90
83.41
112.90
83.99
1.51
24.04
165.54
33.71
4.16
3.10
45.15
+0.46
+1.65
+1.77
+0.70
+1.64
+0.43
+0.25
–0.29
–0.23
–0.55
+0.83
+0.21
+3.23
–0.04
+5.38
+3.40
+4.20
+0.47
+1.25
+3.71
+3.58
–1.63
...
+0.09
+1.05
–0.65
–0.04
+0.10
–1.64
.07
.07
.26
.18
.40
.50
.03
...
...
.22
...
...
.53
.15
.07
.11
.14
.08
...
.125
...
...
...
...
.50
...
...
...
.36
52-Week
High Low Name
10.15
28.64
9.95
75.29
45.90
27.00
15.80
135.46
35.32
25.47
22.97
5.85
39.86
23.70
5.75
35.74
20.37
123.66
50.91
51.23
6.90
53.77
20.88
17.48
6.67
43.35
24.45
25.95
4.34
7.21
18.55
2.10
54.99
16.70
3.11
7.36
40.17
21.30
3.65
8.53
2.22
31.70
5.90
3.21
20.67
12.45
81.02
32.63
32.56
1.07
38.43
8.84
6.44
4.16
7.70
11.43
5.42
2.40
Xcerra
Xencor
XenonPharms
Xilinx
Xperi
Xunlei
YRC Worldwide
YY
Yandex
YangtzeRiverDev
YintechInvt
YogaWorks
YorkWater
ZAGG
Zafgen
ZaiLab
ZealandPharma
ZebraTech
Zillow A
Zillow C
ZionOil&Gas
ZionsBancorp
ZionsBancorpWt
ZionsBancorpWt
Zix
Zogenix
Zumiez
ZynerbaPharma
Zynga
Tick
Div
Sym Yld P/E Last Chg. Amt.
XCRA
XNCR
XENE
XLNX
XPER
XNET
YRCW
YY
YNDX
YERR
YIN
YOGA
YORW
ZAGG
ZFGN
ZLAB
ZEAL
ZBRA
ZG
Z
ZN
ZION
ZIONW
ZIONZ
ZIXI
ZGNX
ZUMZ
ZYNE
ZNGA
...
...
...
1.9
3.5
...
...
...
...
...
...
...
2.1
...
...
...
...
...
...
...
...
1.2
...
...
...
...
...
...
...
14
dd
dd
32
dd
dd
dd
23
85
dd
5
...
34
cc
dd
...
...
cc
dd
dd
dd
20
...
...
38
dd
22
dd
dd
10.05
22.50
2.90
74.66
22.65
16.63
15.55
135.23
34.60
7.08
9.24
2.81
31.95
18.55
5.56
23.37
14.87
123.15
44.37
44.53
2.30
53.28
20.63
17.43
4.59
37.60
22.90
11.79
3.97
+0.05
–0.33
–0.02
+0.51
–2.25
–2.20
+1.20
+7.13
+0.35
–1.45
–0.36
+0.14
–0.80
–0.50
+0.01
+0.56
+0.02
+13.61
+2.03
+1.92
+0.02
+2.41
+2.38
+2.78
–0.01
+3.00
+0.35
–0.71
+0.08
...
...
...
.35
.20
...
...
...
...
...
.80
...
.1666
...
...
...
...
...
...
...
...
.16
...
...
...
...
...
...
...
January 15, 2018
BARRON’S
M25
Exchange-Traded Portfolios
For personal Do not edit or alter. Reproductions not permitted.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or
Name
Tick
Sym Yld
PwrShS&P SC Ener PSCE .2
PwrShS&P SC Fin PSCF 5.6
PwrShS&P ScHealth PSCH ...
PwrShS&P SmInds PSCI .9
PwrShS&P InfTech PSCT .7
PwrShS&PSCMatls PSCM 1.1
PwrShS&PSC Util PSCU 6.5
PwrShVarRateInv VRIG 2.6
PwrShWaterRscs PHO .3
PrincipalHlthInnov BTEC ...
PrincipalIntlMulti PXUS ...
PrincplMillennials GENY .2
PrincipalPriceSet PSET .9
PrincipalShrhldrYd PY 1.8
PrincipalSustMom PMOM ...
PrincipalUSMega USMC ...
PrincipalUSSCMulti PSC 1.0
ProShEquRising EQRR 1.4
ProShrUltNdBTh
BIB ...
ProShUltNasdBio UBIO ...
ProShUltPrQQQ TQQQ ...
ProShUltShNasdBio ZBIO ...
ProShUltProShQQQ SQQQ ...
ProShUltShNdBtech BIS ...
ROBOGlblRobotics ROBO .0
SPDRDorseyWrightFx DWFI 16.4
ValideaMktLeg
VALX .9
VanEckBiotech
BBH .5
VanEckGenDrugs GNRX 1.4
VanEckPharm
PPH 1.0
VangdEM GovBd VWOB 5.0
VangdGlblxUS RE VNQI 12.0
VangdIntrCorpBd VCIT 3.5
VangdIntermTrmTrea VGIT 2.0
VangdIntlDivApp
VIGI 1.5
VangdIntlHiDiv
VYMI 2.7
VangdLTCorpBd VCLT 4.4
VangdLong-TermTrea VGLT 2.9
VangdMBS
VMBS 2.5
VangdRuss1000 VONE 1.8
VangdRuss1000Grw VONG 1.2
VangdRuss1000Val VONV 2.4
VangdRuss3000 VTHR 1.8
VangdRuss2000 VTWO 1.6
VangdRuss2000Grw VTWG .7
VangdRuss2000Val VTWV 2.4
VangdSTCpBd
VCSH 2.6
VangdShtTmInfltn VTIP 6.1
VangdShortTermTrea VGSH 1.5
VangdTotalCpBd VTC 3.5
VangdTotIntlBd BNDX 15.3
VangdTotIntlStk VXUS 3.6
VS2xVIXMedTerm TVIZ ...
VS2xVIXShortTerm TVIX ...
VSInvVIXMedTerm ZIV ...
VSInverseVIXSTerm XIV ...
VSVIXMedTerm
VIIZ ...
VSVIXShortTerm VIIX ...
VicShDevEnhVol
CIZ 3.1
VicShDivAccel
VSDA 5.0
VicShEMHiDivVol CEY 5.4
VicShEMVolWtd
CEZ 3.0
VicShIntlHiDivVol CID 4.6
VicShIntlVolWtd
CIL 3.6
VicShUSDiscEnhVol CSF 2.8
VicShUSEQIncmEnh CDC 7.0
VicShUS500EnhVol CFO 3.0
VicShUS500Vol
CFA 3.0
VicShUSLCHiDivVol CDL 7.3
VicShUSMultMin VSMV 5.5
VicShUSSCHiDiv CSB 9.2
VicShUSSCVolWtd CSA 2.9
VidentCoreUSBdStr VBND 4.2
VidentCoreUSEquity VUSE 2.4
VidentIntlEquityFd VIDI 3.8
VS3XInvrsGold DGLD ...
VS 3X GOLD
UGLD ...
WeatherStorm
FLAG 1.2
WisdTrBarUSAggBd AGZD 3.1
WisdTrBarNegUSBd AGND 2.1
WisdTrChinaxSOE CXSE .1
WisdTrEMConGrwth EMCG 1.7
WisdTrEM CpBd EMCB 4.0
WisdTrEMQualDivGrw DGRE .9
WisdTrGermanyHdg DXGE 3.3
WisdTrIntRtHYBd HYZD 5.0
WisdTrJapanHdgSC DXJS 1.4
WisdTrMEDiv
GULF .9
WisdTrNegHYBd HYND 4.9
WisdTrUSQltyDiv DGRW 3.7
WisdTrUSSCQltyDiv DGRS 5.6
WisdTrUK Hdg
DXPS 7.2
Div
Last Chg. Amt.
17.14
55.37
105.00
66.26
80.10
54.70
52.43
25.22
31.03
32.71
104.03
36.28
33.23
32.06
27.05
27.11
32.20
49.90
61.54
38.60
162.79
9.78
18.25
19.94
44.62
25.59
29.89
129.15
26.44
62.86
80.23
62.85
86.98
63.54
68.04
70.03
95.46
76.58
52.27
127.53
144.74
112.13
127.48
126.92
140.75
112.71
79.26
48.76
60.18
84.74
54.19
59.41
8.00
4.74
93.87
144.75
5.72
10.92
36.50
28.98
27.18
30.61
37.21
42.18
46.41
47.11
50.54
50.57
45.89
27.81
45.22
47.49
48.88
34.84
29.45
40.43
12.02
44.61
48.35
43.73
93.13
27.35
72.92
27.87
33.20
24.16
47.65
18.49
20.80
43.07
36.52
25.24
+0.82
+1.15
+4.15
+1.51
+1.17
+1.15
+0.43
+0.02
+0.52
+0.93
+2.70
+0.41
+0.40
–0.70
+0.85
+0.43
+0.93
+1.93
+2.25
+2.09
+7.24
–0.69
–0.87
–0.79
+1.21
+0.04
+0.47
+0.82
+1.19
+1.51
–0.38
+0.50
–0.18
–0.20
–0.06
+1.03
+0.35
–0.70
–0.14
+2.01
+2.29
+1.84
+2.04
+2.62
+2.66
+2.30
...
–0.03
–0.04
+0.04
–0.11
+0.76
–0.44
–0.19
+2.45
+2.49
–0.18
–0.19
+0.40
+0.21
+0.42
+0.12
+0.18
+0.44
+0.85
+0.47
+0.85
+0.91
+0.50
+0.23
+0.65
+1.01
–0.24
+0.83
+0.51
–1.62
+0.47
+1.16
+0.10
+0.44
+2.09
–0.08
–0.39
–0.07
–0.02
–0.07
+0.15
+0.49
–0.03
+0.64
+0.63
+0.16
.0067
.7779
...
.1529
.1344
.1498
.8563
.055
.0242
.0098
.1533
.0203
.0726
.1452
.08
.0628
.0806
.1792
...
...
...
...
.0302
...
.0099
.3494
.2655
.683
.367
.15
.3335
1.8825
.2542
.1045
.2586
.4744
.3538
.1861
.111
.5828
.4401
.6815
.5639
.5016
.2366
.6712
.1733
.7415
.076
.2459
.691
.5391
...
...
...
...
...
...
.0931
.1212
.1227
.0765
.1437
.1268
.109
.2751
.1276
.1281
.279
.1273
.3463
.1165
.5175
.2125
.2832
...
...
.1392
.1239
.075
.019
.1135
.245
.0646
.27
.101
.161
.0397
.0851
.1323
.1697
.455
NYSE
GuggCreditAlloc GGM 9.8 22.25 +0.07 .1813
NuvShrtDurCrOppFd JSD 7.6 16.64 –0.08 .106
NYSE ARCA
AAMS&PEMHiDivVal EEMD
AAMS&P500HiDivV SPDV
AIPoweredEquity AIEQ
ALPS CohenStrs
GRI
ALPSEmgDivDogs EDOG
ALPS EqSecWgh EQL
ALPSIntlDivDogs IDOG
ALPSMedBreak SBIO
ALPSSectorDivDogs SDOG
ARKGenomicRev ARKG
ARKIndlInnovation ARKQ
ARKInnovationETF ARKK
ARKWebx.0ETF ARKW
AdvShCornerSC SCAP
AdvShDorseyADR AADR
AdvShFocusedEqu CWS
AdvShKIMKorea KOR
AdvShNewTech
FNG
AdvShNewfleet
MINC
AdvShPacAsEnFR FLRT
AdvShPeritusHY HYLD
AdvShRangerEqBear HDGE
AdvShStrGlbBW VEGA
AdvShSageCore HOLD
AdvShWilshireBuybk TTFS
AGFiQHdgDivIncm DIVA
...
...
...
8.6
1.3
2.3
2.4
...
3.2
...
.1
.2
.3
.1
.8
.3
2.3
...
2.9
3.4
8.4
...
...
1.7
.6
3.1
26.95
27.19
27.41
44.19
26.17
71.51
29.73
34.73
48.12
25.70
35.96
39.71
49.10
35.43
62.57
32.29
30.46
22.07
48.43
49.44
36.60
7.60
31.39
99.32
73.54
24.67
+0.15
+0.67
+0.67
–0.78
–0.02
+0.83
+0.18
+1.42
+1.34
–0.15
+1.18
+0.21
+0.42
+0.97
+0.93
+0.18
–0.05
+0.33
+0.03
+0.11
+0.24
–0.11
+0.24
+0.02
+1.05
–0.03
.1095
.0729
.0353
.9533
.0876
.4157
.1802
.5795
.3815
.1927
.201
.0479
.3802
.1017
.1303
.0898
.8438
...
.1188
.1417
.257
...
...
.1366
.466
.2288
Name
Tick
Sym Yld
AGFiQ US NeutAB BTAL ...
AGFiQ US NeutrMom MOM ...
AGFiQ US NeutrVal CHEP ...
AlerianEnergyInfr ENFR .8
AlerianMLPETF AMLP 7.0
AmEnerIndependence USAI ...
ArrowDogs
DOGS ...
ArrowDJGlobalYd GYLD 7.3
iPathS&P500VIXST VXX ...
PathS&P500VIXMT VXZ ...
BarclyiPathBCrude OILB ...
BarcETNFIEnhEur50 FEEU ...
BarclaysETN FI Enh FLEU ...
BarcETN+FIEnhGlHY FIGY ...
S&PVEQTOR
VQT ...
BarclaysETN+Select ATMP 5.2
BarclaysETNShiller CAPE ...
BarclaysWILETN
WIL ...
Barrons400ETF BFOR .6
BluStrTABIGIIsrael ITEQ 2.1
BrandValueETF BVAL ...
BuzzUSSentLdrs BUZ .4
CSOPChinaCSI300AH HAHA 4.4
CSOPFTSEChinaA50 AFTY 6.1
CSOPMSCIChinaAInt CNHX ...
CTracksETN2026 MLPE 5.5
CTrksETNsMillerHwd MLPC 5.3
CambriaCoreEqu CCOR 1.7
CambriaGlbMomentum GMOM 1.9
CambriaGlbValue GVAL 1.5
CambriaShareholder SYLD 1.3
ChangeFinDivImp CHGX ...
Velocity4XEURUSD UEUR ...
Velocity4XGBPUSD UGBP ...
Velocity4XUSDCHF DCHF ...
CitigrCTracksETN DIVC ...
ClaymoreIdxLnk
GCE 9.0
ClearSharesOCIO OCIO ...
ColumbiaBeyBRICs BBRC 2.6
ColumbiaDivFixed DIAL 3.5
ColumbiaEMCoreXCh XCEM 2.1
ColumbiaEMQualDiv HILO 2.8
ColumbiaEMConsumer ECON .3
ColumbiaIndiaCnsmr INCO .1
ColumbiaIndiaInfr INXX .6
ColumbiaIndiaSC SCIN .7
ColumbiaSustGlb ESGW 3.7
ColumbiaSustIntl ESGN 3.6
ColumbiaSustUSEqu ESGS 2.5
CnsmrDiscSelSector XLY 1.3
CnsStapleSelSector XLP 2.9
CSAxela3xInvBrent DBRT ...
CSAxela3xLgBrent UBRT ...
CS FI LC Grwth
FLGE ...
CSX2xAlerianMLPETN AMJL 29.4
CSX Mthly2xLvMtg REML 55.2
CSX MultiAsstHi MLTI 14.1
CSX WTICrude
OIIL ...
CurrShAUD
FXA .5
CurrShGBP
FXB ...
CurrShCAD
FXC .1
CurrShCNY
FXCH ...
CurrShEuro
FXE ...
CurrShJPY
FXY ...
CurrShSGD
FXSG .2
CurrShSEK
FXS ...
CurrShCHF
FXF ...
Cushing30ETN
PPLN ...
DBAgricDoubleLgETN DAG ...
DBAgricLongETN AGF ...
DBBaseMtlsDoubleLg BDD ...
DBCommodityDblLong DYY ...
DBCrudeOilDblShrt DTO ...
DBCrudeOilLongETN OLO ...
DBGoldDoubleLg DGP ...
DBGoldDoubleShrt DZZ ...
DBGoldShortETN DGZ ...
DeepValueETF
DVP 4.4
DeltaShS&P500Mgd DMRL 1.6
DeltaShS&P400Mgd DMRM 1.3
DeltaShS&PIntMgd DMRI 1.9
DeltaShS&P600Mgd DMRS 1.3
DiamondHillVal DHVW 1.5
DirexAllCapIns KNOW 2.1
DirexAuspiceBroad COM ...
DirexAeroBl3
DFEN .1
DirexBrazilBull3X BRZU 2.4
DirexCSIChinaInt CWEB ...
DirexCSI300CnA CHAD ...
DirexCSI300CnABl2 CHAU ...
DirexDevMktBear3 DPK ...
DirexDevMktBl3
DZK 2.7
DirexESTOXX50Bl3x EUXL 1.0
DirexEM Bear3
EDZ ...
DirexEMBdBull3X EMBU 2.4
DirexEM Bull3
EDC ...
DirexEnergyBr3
ERY ...
DirexEnergyBl3
ERX 2.0
DirexEuroFinBll2 EUFL 8.7
DirexChinaBr3
YANG ...
DirexChinaBl3
YINN 3.5
DirexFTSEEurBull3x EURL 1.3
DirexFinlBear3
FAZ ...
DirexFinlBull3
FAS .4
DirexGoldMinBr3 DUST ...
DirexGoldMinBl3 NUGT ...
DirexHlthcrBull3 CURE .5
DirexHY Bear2
HYDD ...
DirexHmbldrBull3 NAIL ...
DirexIndlsBl3
DUSL 1.1
DirexJapanBl3
JPNL .6
DirexJrGoldMinBr3 JDST ...
DirexJrGoldMinBl3 JNUG ...
DirexLatinAmBl3
LBJ ...
DirexIndiaBull3
INDL ...
DirexMexicoBl3 MEXX ...
DirexMcBear3
MIDZ ...
DirexMcBull3
MIDU .5
DirexNatGasBr3 GASX ...
DirexNatGasBl3 GASL ...
DirexPharmBl3X
PILL ...
DirexRealEstBr3 DRV ...
DirexRealEstBl3
DRN 4.3
DirexRgBanksBear3X WDRW ...
DirexRgBanksBull3X DPST .5
DirexRetailBull3 RETL .0
DirexRussiaBr3 RUSS ...
DirexRussiaBl3 RUSL 3.0
Div
Last Chg. Amt.
18.35
24.47
26.45
23.73
11.76
27.25
52.18
18.96
25.85
16.50
62.45
141.29
170.97
177.43
163.89
22.62
122.04
67.99
43.39
33.20
16.34
33.89
34.24
19.09
30.59
24.65
16.47
25.70
28.27
27.18
40.13
19.47
26.61
26.28
23.58
37.34
16.04
27.17
19.41
19.94
28.50
16.40
29.24
50.75
16.37
24.92
31.51
31.89
30.94
105.03
56.65
45.09
196.07
248.88
22.83
27.61
28.64
37.48
79.14
133.47
79.11
75.59
117.40
86.42
73.62
118.37
97.42
21.48
2.82
10.31
10.18
3.35
78.22
5.43
26.33
5.08
13.24
35.47
56.36
55.54
55.29
55.86
32.83
42.91
24.95
52.39
48.91
60.48
29.36
33.43
10.87
94.09
30.19
7.77
26.07
145.60
7.27
42.79
55.50
4.67
42.57
43.25
10.73
74.51
21.30
34.63
53.84
18.54
105.27
43.30
91.37
47.10
18.81
38.42
111.46
22.30
12.24
51.17
18.92
30.96
32.18
12.27
19.38
25.45
86.97
42.68
17.15
66.72
–0.53
+0.19
+0.62
+0.26
+0.41
+0.60
+1.30
+0.18
–0.43
–0.46
+2.01
+3.04
+4.97
+2.10
+2.63
+0.78
+2.84
+0.89
+1.04
+0.43
+0.51
+0.47
+0.36
+0.81
+1.46
+1.45
+0.60
–0.05
+0.20
+0.41
+1.07
+0.32
–0.74
–0.28
–0.80
+2.34
–0.50
+0.13
+0.25
–0.03
+0.26
+0.23
+0.14
–0.29
–0.23
+0.61
+0.73
+0.35
+0.98
+3.25
–0.28
–2.72
+13.91
+8.64
+1.67
–1.87
+0.14
+0.99
+0.41
+1.63
–0.38
–0.60
+1.43
+1.58
–0.75
+1.52
+0.71
+0.73
–0.13
+0.72
+0.31
+0.08
–7.48
+0.23
+0.70
–0.16
–0.21
+2.38
+1.03
+0.81
+0.66
+1.44
+0.53
+0.80
+0.36
+5.35
+1.24
+0.97
–0.68
+1.53
–0.43
+4.23
+1.05
–0.20
–0.43
+3.58
–0.75
+3.79
+4.50
–0.39
+3.19
+1.81
–0.54
+3.57
–1.03
+1.22
+2.74
+0.18
+2.36
+3.76
+5.87
–2.30
+0.59
+0.65
+1.12
–0.34
–0.53
+2.24
–2.16
+2.86
+1.91
+1.07
–1.91
–3.98
+10.90
+4.47
–1.58
+5.69
...
...
...
.0488
.2052
.0196
...
.1149
...
...
...
...
...
...
...
.296
...
...
.2485
.1722
.1271
.1429
1.5184
1.1648
...
.337
.2178
.1069
.1353
.1009
.0312
.0556
...
...
...
...
.362
.2251
.4981
.0585
1.4893
.1136
.0986
.0257
.0995
.1652
.158
.0659
.5647
.3319
.4177
...
...
...
.5593
1.2696
.3377
...
.0354
...
.0058
...
...
...
.0093
...
...
.3254
...
...
...
...
...
...
...
...
...
.3932
.0089
.0156
.0061
.0165
.5072
.2255
.0224
.0188
.2964
1.5218
...
...
...
.6307
.0758
...
.1535
.3195
...
.214
1.2105
...
.3764
.1435
...
.0775
...
...
.0701
...
.1644
.1207
.1398
...
...
...
.3155
.0559
...
.0688
...
...
.0135
...
.2088
...
.1183
.003
...
.5015
Name
Tick
Sym Yld
DirexS&P500Br3 SPXS ...
DirexS&P500Bl3 SPXL .9
DirexS&P500Bull2X SPUU 3.2
DirexS&PBiotechBr3 LABD ...
DirexS&PBiotechBl3 LABU ...
DirexS&P500Br1 SPDN .7
DirexS&P500Bl1.25 LLSP 3.3
DirexS&POil&GasBr3 DRIP ...
DirexS&POil&GasBl3 GUSH ...
DirexSemiBear3 SOXS ...
DirexSemiBl3
SOXL .3
Direx7-10TreaBr3 TYO ...
Direx7-10TreaBull TYD .0
DirexSilverMinBl2 SHNY ...
DirexScBear3
TZA ...
DirexSCBull2
SMLL 2.0
DirexScBl1.25
LLSC 2.4
DirexSCBull3
TNA .5
DirexKRBull3
KORU 2.3
DirexTechBear3 TECS ...
DirexTechBull3
TECL .4
DirexTotBdBr1
SAGG ...
DirexTransportBl3 TPOR .7
Direx20+TreaBr1 TYBS ...
Direx20+TreaBr3 TMV ...
Direx20+YrTrBull TMF 1.4
DirexUtilBl3X
UTSL ...
Direx iBillionaire
IBLN .4
DirexNasd100EW QQQE .8
DirexZacksMLPHiIn ZMLP 9.1
EmgMktInternetEcom EMQQ .3
ETF Exposure
TETF ...
ETFMGAltHarvest MJX 1.3
ETFMG DroneEcon IFLY .4
ETFMG PrimeCyber HACK .0
ETFMG PrimeJrSilver SILJ ...
ETFMG PrimeMob IPAY .1
ETFMG VideoGame GAMR .8
ETFSBloomAllCmdty BCD ...
ETFSBloomAllCmdty BCI ...
ETFSPhyPrecMtllBsk GLTR ...
ETRACS Alerian MLP AMU 6.4
ETRACSAlernMLPInfr MLPB 6.0
ETRACSMthPay2xLev CEFL 25.6
ETRACSMthPay2xLev DVHL 21.5
DJ 2xSelect Div
DVYL 9.1
ETRACSMortgageREIT MORL 57.8
S&P2xDivAristoETN SDYL 5.0
ETRACS2xLevUSHiDiv HDLV 12.5
ETRACS2xLevxEn LMLP 1.6
ETRACS2xLevUSREIT LRET 17.1
ETRACSMthPay2xLev MRRL 58.0
ETRACSMthlyPay2x SMHD 35.6
ETRACSMnthly2xLev SPLX ...
ETRACSMnly2xLevISE HOML ...
ETRACSS&PGSCICrude OILX ...
ETRACS2xMLvAlerian MLPQ 11.9
ETRACS2xMLevS&PMLP MLPZ 12.1
ETRACSUBSBloomberg UCIB ...
E-TRACS Agri
UAG ...
E-TRACS Engy
UBN ...
E-TRACS CMCI
UCI ...
E-TRACS Food
FUD ...
E-TRACS Gold
UBG ...
E-TRACS IndMtl UBM ...
E-TRACS Lvstk
UBC ...
E-TRACS Silvr
USV ...
ETracsLngPlat
PTM ...
EcoLogicalStrat HECO 1.0
ElemntsDJSelct
DOD ...
ElemntsRogrMrngstr WMW ...
ElemntsRogrAgri
RJA ...
ElemntsRogrEngy RJN ...
ElemntsRogrMtls
RJZ ...
ElemntsRogrTr
RJI ...
ElemntsSpectrmLC EEH ...
ElemntsBiofuels
FUE ...
ElemntsGrain
GRU ...
EnSelectSectorSPDR XLE 2.4
ER Entrepreneur30 ENTR ...
ETFS GoldTr
SGOL ...
ETFS PlldmShr
PALL ...
ETFS PltnmShr
PPLT ...
ETFS SilvTr
SIVR ...
EthoClimateLeader ETHO 1.1
FIEnhancedEur50ETN FIEU ...
FIEnhEurope50ETN FIEE ...
FidelityCorpBd
FCOR 3.1
FidelityDivRising FDRR 3.2
FidelityHiDiv
FDVV 3.9
FidelityLtdTermBd FLTB 1.8
FidelityLowVol
FDLO 1.6
FidelityMSCICnDisc FDIS .6
FidelityMSCICnStpl FSTA 2.4
FidelityMSCIEn FENY 2.4
FidelityMSCIFinls FNCL 1.7
FidelityMSCIHlthCr FHLC 1.5
FidelityMSCIIndls FIDU 1.3
FidelityMSCIIT
FTEC 1.0
FidelityMSCIMatls FMAT 1.6
FidelityRealEst
FREL 3.5
FidelityMSCITelSvs FCOM 2.6
FidelityMSCIUtils FUTY 3.3
FidelityMomFactor FDMO .8
FidelityQualFactor FQAL 1.5
FidelityTotalBdETF FBND 2.3
FidelityValFactor FVAL 1.7
FinSelSectorSPDR XLF 1.8
FT AustrAlpha
FAUS 7.9
FT ConsDscAlpDx FXD 1.2
FT ConsStaples
FXG 1.8
FT DJ GlbSelDiv
FGD 3.9
FT DJ Internet
FDN ...
FT Dow30EW
EDOW 2.1
FT EnergyAlpDx
FXN 1.2
EqCompassRiskMgr ERM 1.4
EqCompassTactical TERM 1.4
FT DJ SelMicro
FDM 1.5
FT FTSE DevRE
FFR 8.0
FT FinlsAlpDx
FXO 2.8
FT GlbEngg
FLM 2.5
FT GlbWindEner
FAN 1.6
FT HlthCareAlpha FXH ...
FTHeitmanPrmRlEst PRME 17.5
FTHorizonMgdVolDev HDMV .9
FTHorizonMgdVolDom HUSV 1.6
FT Chindia
FNI 5.1
FT IndlsAlpDx
FXR .7
Div
Last Chg. Amt.
26.57
49.82
53.84
3.87
90.71
29.41
37.77
9.70
36.56
13.97
160.45
14.46
42.91
10.15
10.98
54.13
37.19
78.18
69.73
6.05
127.74
31.30
42.06
20.33
18.59
20.85
23.81
34.07
45.47
17.54
40.91
20.23
33.58
37.50
33.39
12.15
36.89
50.50
26.30
24.70
66.89
18.87
26.27
17.85
20.62
75.05
16.08
87.14
30.82
17.93
23.23
16.04
18.81
57.28
67.63
36.76
43.32
48.67
15.52
17.43
8.21
15.48
17.78
33.20
18.31
19.41
21.69
10.36
43.43
24.29
31.20
6.01
2.92
8.97
5.53
20.23
7.01
3.36
77.42
16.30
129.51
107.13
94.81
16.82
35.29
145.54
190.00
50.59
31.80
29.59
49.98
31.38
41.47
34.12
21.45
42.58
42.00
40.83
52.64
36.73
23.45
30.82
32.89
32.71
32.94
50.06
34.27
29.23
33.89
44.31
49.19
27.37
116.43
22.81
16.35
23.03
23.10
48.75
44.82
32.18
62.32
13.59
73.44
19.71
35.48
23.14
41.85
42.52
–1.33
+2.37
+1.94
–0.39
+7.14
–0.47
+0.78
–0.98
+3.05
+0.09
–1.88
+0.28
–0.62
+0.55
–0.74
+2.52
+1.05
+4.72
+2.23
–0.14
+2.61
+0.03
+4.88
+0.17
+0.49
–0.65
–1.59
+0.50
+0.69
+0.76
+0.28
+0.83
–2.87
+0.44
+0.67
+0.54
+0.59
+0.65
+0.23
+0.26
+0.84
+0.82
+3.04
–0.35
–0.03
+1.65
–1.04
+1.01
–0.93
+1.13
–1.81
–0.94
–0.53
+1.08
+2.05
+2.14
+2.12
+2.17
+0.51
–0.67
–0.01
+0.11
–0.50
–0.12
+0.28
–0.38
–0.47
+0.24
+0.54
–2.77
+0.59
–0.03
+0.11
+0.09
+0.10
+0.98
+0.05
...
+2.45
+0.40
+1.72
+2.73
+2.42
+0.05
+0.62
+3.49
+4.11
–0.11
+0.57
+0.47
–0.02
+0.36
+1.22
–0.21
+0.66
+1.21
+0.77
+1.16
+0.62
+0.33
–0.72
+0.08
–0.71
+0.56
+0.47
–0.16
+0.68
+0.82
+0.11
+1.31
+0.19
+0.42
+2.42
+0.44
+0.40
+0.29
+0.33
+0.88
–0.52
+0.46
+0.91
+0.23
+1.48
–0.28
+0.31
+0.05
+0.59
+1.30
...
.1151
.4286
...
.1326
.053
.3104
...
...
...
.1208
...
.0045
.0454
...
.2694
.2266
.1063
.3941
...
.1118
...
.0686
...
...
.072
.1582
.0345
.0946
.40
.1033
.1004
.1766
.0019
.0035
...
.0085
.0254
.0177
1.228
...
.2999
.3926
.3801
.369
.5715
.7746
.3604
.3215
.0239
.331
.7746
.5584
...
...
...
1.2857
1.4698
...
...
...
...
...
...
...
...
...
...
.0695
...
...
...
...
...
...
...
...
...
.4583
.0127
...
...
...
...
.0003
...
...
.129
.253
.01
.074
.129
.065
.206
.128
.179
.158
.132
.134
.144
.207
1.284
.27
.068
.124
.096
.143
.1283
.6698
.1357
.2208
.2692
...
.1174
.05
.0823
.0831
.1798
.9007
.2233
.3836
.0554
...
.8613
.084
.0912
.5285
.0698
Name
Tick
Sym Yld
First Tr Instl Pfd
FPEI 3.7
FT Long/Short
FTLS .3
FT MatAlpDX
FXZ 1.2
FT MngstrDiv
FDL 3.8
FT MornMgdFut
FMF 3.2
FT NaturalGas
FCG .2
FT NA Energy Infra EMLP 3.4
FT NYSE ArcaBiotch FBT ...
FT PfdSecs
FPE 5.6
FTSTOXXEurSel Div FDD 1.3
FT S&P REIT
FRI 5.4
FT TechAlphaDEX FXL .2
FT USEquityOpp
FPX .6
FT UtilAlpha
FXU 7.3
FT ValDivFd
FVD 2.6
FT ValueLine100
FVL .6
FT Water
FIW .7
FlexShSelBdFd BNDC 2.8
FlexShCurrHdgEM TLEH 2.4
FlexGlbQualRealEst GQRE 5.0
FlexGlbUpstmNatRsc GUNR 1.4
FlexShiBoxx5YTIPS TDTF 2.1
FlexiBx3YDurTIPS TDTT 1.7
FlexShIntQualDiv IQDE 6.3
FlexShIntQuDivDyn IQDY 3.7
FlexShIntlQualDiv IQDF 4.1
FlexShMDevMktxUS TLTD 4.1
FlexShEM FactTilt TLTE 2.3
FlexMrnUSMktFtrTlt TILT 1.9
FlexShQualDivDef QDEF 3.7
FlexShQualDivDyn QDYN 3.7
FlexShQualityDiv QDF 3.4
FlexShReadyAcc RAVI 1.8
FlexShSTOXXGlb NFRA 3.2
FrankFTSEAustralia FLAU ...
FrankFTSEBrazil FLBR .3
FrankFTSECanada FLCA ...
FrankFTSEChina FLCH ...
FrankFTSEEurope FLEE .0
FrankFTSEFrance FLFR ...
FrankFTSEGermany FLGR ...
FrankFTSE HK
FLHK ...
FrankFTSEJapan FLJP ...
FrankFTSEJapanHdg FLJH ...
FrankFTSEMexico FLMX ...
FrankFTSE SKorea FLKR .1
FrankFTSETaiwan FLTW ...
FrankFTSE UK
FLGB ...
FrankIntMunOpp FLMI 1.8
FrankIntlOpps
FLIO 2.8
FrankInvGradeCp FLCO 3.3
FrankMuniBd
FLMB 2.4
FrankShtDurUSGovt FTSD 2.8
FrankUSLowVol FLLV 1.9
FranklinLibEM
FLQE 3.3
FranklinLibQGlbDiv FLQD 3.0
FranklinGlbEquity FLQG 3.0
FranklinIntlEquity FLQH .2
GS ConnS&PGSCI GSC ...
GlbX ChinaConsumer CHIQ .6
GlbX ChinaEner CHIE 3.4
GlbX ChinaFinls CHIX 1.8
GlbX ChinaIndls
CHII 2.2
GlbX ChinaMatls CHIM 1.0
GlbXCopperMiners COPX 1.5
GlbXFTSENordReg GXF 3.5
GlbX FTSE SE Asia ASEA 1.5
GlbXFertilizersPot SOIL .7
GlbX GoldExplorers GOEX ...
GlbX GuruIndex GURU .5
GlbXJPMEfficiente EFFE 2.5
GlbX JPM US SecRot SCTO 1.4
GlbXLithium&Batt
LIT 3.1
GlbX MLP&Energy MLPX .5
GlbX MLP
MLPA 7.4
GlbXMSCIArgentina ARGT .5
GlbXMSCIColombia GXG 1.7
GlbX MSCIGreece GREK 2.0
GlbXMSCINigeria NGE ...
GlbX MSCINorway NORW 2.7
GlbXMSCIPakistan PAK 3.3
GlbXMSCIPortugal PGAL 2.9
GlbXISuperDivEM SDEM 11.6
GlbXNextEmerging EMFM 1.6
GlbXSciBetaAsiaXJ SCIX 4.2
GlbXSciBetaEurope SCID 4.9
GlbXSciBetaJapan SCIJ 4.1
GlbXSciBetaUS
SCIU 1.4
GlbXSilverMiners
SIL .0
GlblXSuperDividend SDIV 6.7
GlbXSuperDivUS
DIV 5.8
GlbXSuperIncPfd SPFF 7.2
GlbX Uranium
URA 2.0
GSAccessHYCorpBd GHYB 4.9
GSAccessIGCpBd GIGB 3.1
GSActiveBetaEM GEM 2.4
GSActiveBetaEurope GSEU 2.1
GSActiveBetaIntlEq GSIE 2.7
GSActiveBetaJapan GSJY 3.9
GSActiveBetaUSLC GSLC 1.8
GS Active US SC GSSC 2.0
GSHedgeIndVIP GVIP .8
GSTreasury0-1Y GBIL 1.1
GraniteBloomComm COMB ...
GraniteGold
BAR ...
GraniteHIPSUSHiInc HIPS ...
GraniteS&P Comm COMG ...
GuggBRIC
EEB 1.6
GuggBull2018CpBd BSCI 2.0
GuggBull2018HY BSJI 4.5
GuggBull2019CpBd BSCJ 2.3
GuggBull2019HY BSJJ 5.4
GuggBull2020CpBd BSCK 2.6
GuggBull2020HY BSJK 5.8
GuggBull2021CpBd BSCL 2.9
GuggBull2021HY BSJL 5.6
GuggBull2022CpBd BSCM 2.9
GuggBull2022HY BSJM 6.6
GuggBull2023CpBd BSCN 3.1
GuggBull2024CpBd BSCO 3.6
GuggBull2025CpBd BSCP 3.4
GuggBS2025HYCpBd BSJP 5.3
GuggBull2024HY BSJO 4.5
GuggBS2027CorpBd BSCR 3.2
GuggBull2026CpBd BSCQ 3.8
GuggBull2023HY BSJN 6.9
GuggCdnEner
ENY 5.3
Div
Last Chg. Amt.
20.19
40.70
46.02
30.61
48.42
24.36
24.78
132.41
20.05
14.35
22.03
55.07
71.22
25.43
31.05
24.25
49.35
24.97
31.53
62.13
35.05
24.80
24.34
26.33
29.76
27.86
72.09
62.15
116.08
45.31
45.88
46.64
75.42
49.05
26.68
26.78
26.04
27.68
26.49
26.08
26.49
27.40
28.01
27.45
25.27
27.38
25.89
26.57
25.00
30.37
24.64
24.96
95.66
30.83
34.22
29.47
31.50
25.65
25.05
19.39
12.05
19.50
15.76
22.51
29.10
23.84
17.80
10.85
23.49
31.02
26.98
27.23
40.67
14.32
10.72
37.29
10.57
10.97
25.16
14.08
13.07
12.54
16.79
25.11
26.62
28.86
33.17
31.75
33.76
22.03
25.34
12.24
15.28
49.94
50.07
37.56
32.99
31.13
35.32
55.50
44.66
55.48
100.01
26.44
133.70
17.98
28.55
39.97
21.10
25.08
21.08
24.45
21.28
24.60
21.09
25.03
21.12
25.05
20.79
20.78
20.59
25.12
25.73
19.94
19.57
26.58
8.72
–0.04
+0.56
+0.49
+0.23
+0.41
+0.79
–0.03
+4.59
+0.04
+0.28
–0.72
+1.34
+1.04
–0.42
+0.03
+0.38
+0.48
...
–0.13
–0.79
+0.70
–0.10
...
+0.15
+0.49
+0.34
+1.03
+0.49
+2.34
+0.56
+1.10
+0.83
+0.05
–0.32
+0.03
+0.29
–0.16
+0.52
+0.33
+0.75
+0.37
+0.48
+0.58
+0.35
–0.24
+0.40
–0.11
+0.18
+0.05
–0.01
–0.08
–0.12
–0.10
–0.65
+0.36
+0.20
+0.38
–0.14
+0.67
+0.21
+0.35
+0.56
+0.22
+0.55
+0.80
+0.43
+0.17
–0.05
+0.05
+0.67
+0.25
+0.42
+0.17
+0.31
+0.39
+0.80
+0.12
+0.35
+2.20
+0.30
+0.04
+0.06
+0.11
+0.16
+0.39
+0.27
+0.74
+0.42
+0.98
–0.04
–0.11
+0.02
–0.55
–0.09
+0.07
+0.40
+0.42
+0.36
+0.65
+0.89
+0.97
+0.84
+0.02
+0.29
+1.65
+0.13
+0.48
+0.58
–0.04
–0.04
–0.01
–0.01
–0.01
–0.02
–0.01
–0.03
–0.02
–0.05
–0.02
–0.04
–0.04
–0.07
–0.05
–0.03
–0.06
–0.08
+0.10
.0624
.0349
.1429
.2894
.3887
.0139
.209
...
.0933
.0449
.2955
.0231
.1121
.4625
.2049
.0342
.0862
.0579
.1921
.7815
.1199
.0442
.034
.4162
.2759
.287
.7428
.3626
.565
.4172
.4248
.3993
.1138
.3911
.0457
.0355
.0233
.0008
.0005
.0557
...
.0654
.0258
.0128
.0768
.0202
...
.1096
.0378
.3992
.0688
.0502
.2232
.1495
.5719
.2247
.4691
.0258
...
.1161
.4117
.3421
.3459
.236
.4283
.8266
.2705
.0743
...
.1593
.6843
.3809
1.2622
.019
.1985
.1744
.1835
.2188
.417
.3787
.3854
.3625
.1629
.4125
1.1152
1.4127
1.3579
.4557
.0065
.1227
.1235
.0735
.3062
.2048
.1284
.221
.172
.212
.3424
.2474
.2208
.1069
.094
.0518
...
.1075
.0429
.6352
.0349
.0947
.0082
.1094
.0092
.1185
.0143
.0412
.0049
.1377
.026
.0632
.0584
.1119
.0451
.0533
.004
.0372
.116
Name
Tick
Sym Yld
GuggChinaAllCap YAO 1.9
GuggChinaRE
TAO 5.2
GuggChinaSC
HAO 3.3
GuggChinaTech CQQQ 1.3
GuggDefEqty
DEF 1.6
GuggDJIA Div
DJD 1.9
GuggFronMkts
FRN 3.4
GuggS&P500EWCD RCD 1.6
GuggS&P500EWCnStp RHS 2.3
GuggS&P500EW RSP 1.7
GuggS&P500EWEner RYE 1.3
GuggS&P500EWFin RYF .7
GuggS&P500EWHlthcr RYH .6
GuggS&P500EWIndl RGI .9
GuggS&P500EWMat RTM 1.6
GuggS&P500EWTech RYT 1.1
GuggS&P500EWUtil RYU 3.1
GuggS&P500PureGr RPG .3
GuggS&P500PrVal RPV 1.4
GuggS&P400PrGrwth RFG .6
GuggS&P400PureVal RFV 1.3
GuggS&P600PrGrwth RZG .6
GuggS&P600PrVal RZV .7
GuggInsider
NFO 1.4
GuggIntlMltAst
HGI 3.0
GuggMSCIEMEq EWEM 2.5
GuggGlbTimber
CUT 1.5
GuggMC Core
CZA 1.1
GuggMltiAstIncm CVY 3.7
GuggMultiC
GMFL 1.5
GuggRayJamesSB1 RYJ ...
GuggS&P500EWRlEst EWRE 3.9
GuggS&P500Top50 XLG 2.0
GuggS&PGlbl
LVL 2.6
GuggS&PGlblWtr CGW 1.7
GuggS&PHiIncmInfr GHII 5.8
GuggS&PMC400EW EWMC 1.4
GuggS&P100EW OEW 1.6
GuggS&PSC600EW EWSC .8
GuggS&PSpinOff CSD .6
GuggShipping
SEA 7.8
GuggSolar
TAN 1.7
GuggTR Bond
GTO 4.5
GuggUltraShrtDur GSY 6.3
HartfordMultiDvxUS RODM 2.1
HartfordMultiEM ROAM 1.9
HartfordMultiGlbSC ROGS 2.7
HartfordMultiREIT RORE 5.7
HartfordMultiUSEqu ROUS 1.7
HartfordMuniOpps HMOP ...
HartfordTRBd
HTRB 4.6
HealthCareSelSect XLV 1.5
HrznsS&P500CovCall HSPX 33.4
HullTacticalUS
HTUS .6
IQ AustraliaSC
KROO 3.1
IQ CanadaSC
CNDA 2.3
IQEnhCoreBdUS AGGE 2.6
IQEnhCorePlusBdUS AGGP 3.3
IQ50%HdgFTSEEur HFXE 1.5
IQ50%HdgFTSEIntl HFXI 2.4
IQ50%HdgFTSEJapan HFXJ 2.0
IQGlbAgribusSC CROP .9
IQGlblOilSmCp
IOIL 1.5
IQGlobalResources GRES ...
IQHedgeEventDriven QED 2.2
IQHedgeL/STracker QLS .4
IQ HedMacrTrac MCRO ...
IQHedgeMktNeut QMN ...
IQ HedMultStra
QAI ...
IQLeadersGTAATrkr QGTA 2.9
IQMergerArbitrage MNA ...
IQRealReturn
CPI 1.1
IQS&PHYLowVolBd HYLV 4.0
IQ US RealEstSC ROOF 9.0
IndSelSectorSPDR XLI 2.0
InfraCapMLPETF AMZA 23.6
InfraCapREITPfd PFFR 17.8
InnovIBDLdrs
LDRS ...
InnovatorIBD50
FFTY ...
InsightLGBTEmpl PRID ...
InspireCpBdImp
IBD 3.0
InspireGlblHope BLES 1.7
Inspire100ETF
BIBL ...
InspireS/MC Impact ISMD .6
iPathBloomAgriTR JJA ...
iPathBloomAlumTR JJU ...
iPathBloomCocoaTR NIB ...
iPathBloomCoffeeTR JO ...
iPathBloomCommTR DJP ...
iPathBloomCopperTR JJC ...
iPathBloomCottonTR BAL ...
iPathBloomGrainsTR JJG ...
iPathBlmIndMetalTR JJM ...
iPathBlmLivestkTR COW ...
iPathBloomNickelTR JJN ...
iPathBlmPlatinumTR PGM ...
iPathBlPrecMetalTR JJP ...
iPathBloomSoftsTR JJS ...
iPathBloomSugarTR SGG ...
iPathBloomTinTR
JJT ...
iPathCBOE S&P500BW BWV ...
iPathAIGCarbon GRN ...
iPathEUR USD Ex ERO ...
iPathGEMSAsia8ETN AYT 1.5
iPathGEMSIndexETN JEM 4.6
iPathGSCI nts
GSP ...
iPathGBP USD Ex GBB ...
iPathShortTmFturs XXV ...
iPath MSCI India
INP ...
iPathPBAgriculture DIRT ...
iPathPBBroadCmod BCM ...
iPathPBCocoa
CHOC ...
iPathPBCoffee
CAFE ...
iPathPBCopper CUPM ...
iPathPBCotton
CTNN ...
iPathPBCrudeOil OLEM ...
iPathPBEnergy
ONG ...
iPathPBGrains
WEET ...
iPathPBIndstrMtls HEVY ...
iPathPBNickel
NINI ...
iPathPBSofts
GRWN ...
iPathPBSugar
SGAR ...
iPathS&P500DynVIX XVZ ...
iPathGSCrudeOil
OIL ...
iPathS&PMLPETN IMLP 6.3
iPathSeasNatGas DCNG ...
iPathBBloomNatGas GAZB ...
iShAAA-ARtdCorpBd QLTA 2.7
Div
Last Chg. Amt.
37.67
31.57
31.68
65.27
47.59
35.34
15.72
105.06
132.42
104.88
62.91
46.04
189.30
126.58
117.52
151.55
82.92
110.60
70.19
162.52
73.36
117.68
75.95
63.70
18.21
36.17
32.95
67.66
23.06
28.09
45.83
26.27
198.02
11.41
35.57
27.85
66.53
34.19
56.69
54.62
12.14
26.60
52.68
50.18
30.12
26.84
32.58
14.73
32.58
40.06
39.72
86.82
51.54
28.00
19.78
19.27
19.45
19.89
20.90
22.45
23.63
35.39
12.16
28.81
21.02
22.24
26.99
25.82
30.93
24.83
31.58
27.62
25.25
25.34
80.17
8.80
25.24
26.96
35.37
25.35
25.20
29.64
27.07
27.51
30.09
19.27
23.26
15.25
24.71
36.74
54.37
24.28
30.07
23.10
15.34
20.31
58.95
31.00
28.84
46.49
78.81
10.22
44.78
42.33
29.49
16.08
36.03
38.02
90.83
29.13
29.70
28.58
11.10
35.58
34.30
18.88
20.31
30.53
34.00
20.66
21.29
22.86
22.41
7.15
19.40
16.63
41.07
52.54
+0.90
+0.69
+0.66
+0.77
+0.44
+0.62
+0.51
+2.85
–1.42
+1.74
+2.14
+1.30
+3.81
+3.32
+0.86
+2.34
–1.35
+1.88
+2.49
+3.31
+2.03
–0.32
+2.29
+1.03
+0.33
+0.42
+0.50
+1.12
+0.41
+0.44
+1.19
–0.89
+3.03
+0.01
–0.26
–0.06
+1.22
+0.65
+1.19
+1.10
+0.17
+0.69
...
+0.03
+0.36
+0.28
+0.42
–0.42
+0.76
–0.28
–0.28
+1.57
+0.08
+0.26
–0.26
–0.27
–0.08
–0.07
+0.08
+0.33
+0.28
–0.05
+0.43
–0.14
+0.02
+0.13
+0.11
–0.04
+0.17
+0.06
+0.31
+0.16
–0.11
–0.48
+2.55
+0.31
–0.11
+0.51
+0.59
+0.20
+0.01
+0.69
+0.49
+0.77
–0.61
+0.03
+0.38
–0.86
+0.29
–0.10
+2.57
–0.31
+0.12
–0.23
+0.14
+0.45
–0.08
–1.52
–1.96
+0.64
+0.31
+0.56
+0.36
+0.05
+0.29
+0.42
+0.53
+0.02
+0.09
–0.40
+0.34
+0.66
–0.49
+0.10
+4.51
+0.84
+0.69
–0.43
–0.09
–0.04
–0.52
+1.16
–0.34
+0.40
+0.56
–0.16
+0.17
–0.06
.7144
1.648
1.0493
.8577
.7583
.0783
.5387
.4298
.7628
.4583
.1992
.0823
.2811
.2895
.4614
.4143
.64
.0959
.2442
.256
.231
.1702
.1331
.9154
.1365
.2273
.4991
.7203
.2159
.1075
...
.2153
.995
.0734
.6086
.2953
.2282
.1338
.1144
.3149
.2375
.4449
.0787
.2645
.3091
.256
.4429
.2112
.1389
...
.1526
.3305
1.435
.0993
.6222
.4371
.0416
.0552
.0765
.0032
.2371
.3131
.1777
...
.4689
.0835
...
...
...
.1821
...
.2941
.0834
.569
.4017
.52
.375
.0524
.0568
...
.0002
.0038
.0818
.0053
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
.0538
.1142
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
.3032
...
...
.1173
Name
Tick
Sym Yld
iShA/PDividend DVYA
iShAgencyBond
AGZ
iShCMBSETF
CMBS
iShGovt/CreditBond GBF
iSh10-20YTreasBd TLH
iSh0-5YTIPSBd
STIP
iShCalifMuniBd
CMF
iShCommOptimized CMDT
iShAggrAllocation AOA
iShConsAllocat
AOK
iShCoreDivGrowth DGRO
iShCore5-10YUSDBd IMTB
iShGrwthAllocation AOR
iShCoreHiDividend HDV
iShCoreMSCIEmgMk IEMG
iShCoreMSCIEurope IEUR
iShMSCIIntlDev
IDEV
iShCoreMSCIPacific IPAC
iShModAllocation AOM
iShCoreS&P500
IVV
iShCoreS&P MC
IJH
iShCoreS&P SC
IJR
iShS&PTotlUSStkMkt ITOT
iShCore10+YUSDBd ILTB
iShCoreUSAggBd AGG
iShCoreUS REIT USRT
iShCurrHdgIntlHY HHYX
iShCurrHdgNikk400 HJPX
iShCurHdgMSCIACWI HACW
iShCurHdgMSCIUS HAWX
iShCurrHdgMSCIAus HAUD
iShCurrHdgMSCICda HEWC
iShCurHdgMSCIEAFE HSCZ
iShCurHdMSCIEurozn HEZU
iShCurHdgMSCIItaly g HEWI
iShCurrHdMSCIJapan HEWJ
iShCurHdgMSCIMex HEWW
iShCurrHdgMSCISK HEWY
iShCurHdgMSCISpain HEWP
iShCurHdgMSCISwitz HEWL
iShCurrHdgMSCIUK HEWU
iShUSBasicMaterial IYM
iShUSConsumerSvcs IYC
iShUSConsumerGoods IYK
iShUSFinlServices IYG
iShUSHealthcare
IYH
iShU.S.RealEstate IYR
iShU.S.Utilities
IDU
iShUS Energy
IYE
iShUS Finls
IYF
iShUSHealthcarePrv IHF
iShU.S.Insurance
IAK
iShUSOilEquip&Svcs IEZ
iShUSPharmaceuticl IHE
iShUSRegionalBanks IAT
iShU.S.Technology IYW
iShUSMedDevices IHI
iShEdgeMSCIIntlMom IMTM
iShEdgeMSCIIntQual IQLT
iShEdgeMSCIIntSize ISZE
iShEdgeMSCIIntVal IVLU
iShEdgeMSCIMinVlAs AXJV
iShEdgeMSCIMnVlEur EUMV
iShEdgeMSCIMinJapn JPMV
iShEdgeMSCIMultif ACWF
iShEdgeMSCIMultInt INTF
iShEdgeMSCIMlIntSC ISCF
iShEdgeMSCIMultUSA LRGF
iShEdgeMSCIUSASC SMLF
iShEdgeMSCIUSASize SIZE
iShEmgMktDividend DVYE
iShEuropeETF
IEV
iShGlobal100
IOO
iShGlobalREITETF REET
iShGoldTr
IAU
iShiBoxx$InvGrCpBd LQD
iShiBondsDec2020Cp IBDL
iShiBondsDec2018Cp IBDH
iShiBondsDec2019Cp IBDK
iShiBondsDec2025Cp IBDQ
iShiBondsDec2024Cp IBDP
iShiBondsDec2021Cp IBDM
iShiBdsDec2021Muni IBMJ
iShiBondsDec2027Cp IBDS
iShiBondsDec2026Cp IBDR
iShiBondsDec2023Cp IBDO
iShiBondsDec2022Cp IBDN
iShiBdsDec2022Muni IBMK
iShiBdsMar18CpxFin IBCC
iShiBdsMar20CpxFin IBCD
iShiBdsMar23CpxFin IBCE
iShiBondsMar2020Cp IBDC
iShiBondsMar2018Cp IBDB
iShiBondsMar2023Cp IBDD
iShiBdsSep2020Muni IBMI
iShiBdsSep2018Muni IBMG
iShiBdsSep2019Muni IBMH
iShiBoxx$HYCpBd HYG
iShIntRtHdgCorpBd LQDH
iShIntRateHdgEM EMBH
iShIntRtHdgHiYdBd HYGH
iShIRHdg10+
CLYH
iShJPM EM LC Bd LEMB
iShJPX-Nikkei400 JPXN
iShLatinAmerica40 ILF
iShACWILowCarbon CRBN
iShMSCIAustralia EWA
iShMSCIAustria
EWO
iShMSCIBRICETF BKF
iShMSCIBelgium EWK
iShMSCIBrazil
EWZ
iShMSCICanadaETF EWC
iShMSCIChinaSC ECNS
iShMSCIColombia ICOL
iShMSCI EAFE
EFA
iShMSCIEmgMarkets EEM
iShMSCIEmgMktSC EEMS
iShMSCIFranceETF EWQ
iShMSCIFrontier100 FM
iShMSCIGermanyETF EWG
iShMSCIGlblAgriPrd VEGI
iShMSCIGloblEnProd FILL
iShMSCIHongKong EWH
iShMSCIIndonesia EIDO
iShMSCIIreland
EIRL
iShMSCIIsrael
EIS
iShMSCIItaly
EWI
4.3
1.8
2.5
3.6
2.1
1.3
1.9
...
1.9
1.9
2.2
3.2
1.8
3.4
3.3
2.0
.7
3.6
1.6
1.8
1.0
1.3
1.9
3.9
.4
2.7
...
1.9
1.9
2.1
4.2
2.2
2.5
.8
1.0
1.1
2.1
5.3
3.3
4.1
3.6
1.3
.8
1.9
1.5
1.2
4.5
1.9
1.9
1.8
.2
1.9
.9
.9
2.0
.7
.6
1.3
1.1
2.4
3.2
4.4
2.2
1.3
2.2
3.4
2.2
1.9
1.5
1.3
4.2
1.2
1.6
.3
...
2.5
1.5
1.1
1.3
2.4
2.2
1.7
.9
1.8
2.1
2.1
1.8
1.1
1.0
1.7
2.7
2.0
1.4
2.9
.8
.8
.7
4.9
2.1
3.3
5.1
2.5
...
1.8
.2
2.0
4.7
1.4
2.2
2.4
.2
2.4
3.4
1.4
2.0
2.8
3.5
.6
.1
.5
1.7
3.2
5.4
.2
1.4
2.6
1.0
Div
Last Chg. Amt.
51.15
112.50
51.05
113.23
134.38
99.86
58.96
37.74
55.60
35.00
36.04
49.19
46.00
91.20
59.79
52.43
60.93
62.60
38.66
279.91
196.31
79.56
63.60
64.13
108.74
47.09
27.92
31.55
30.37
27.66
24.43
26.76
31.81
30.99
18.06
34.85
19.68
31.06
23.25
27.58
24.70
107.13
190.07
127.76
137.42
182.52
76.96
126.83
42.38
122.72
164.00
67.58
40.30
160.42
52.36
170.97
183.54
32.07
30.57
29.06
28.00
37.80
25.98
70.35
32.07
30.35
33.77
33.05
40.67
85.95
43.79
49.39
96.47
25.28
12.86
120.83
25.30
25.16
24.83
24.89
24.96
24.75
25.48
24.84
24.37
24.98
24.89
25.71
24.62
24.50
24.20
26.02
25.60
26.27
25.34
25.33
25.32
87.58
97.64
26.76
91.64
26.64
49.58
68.47
36.32
121.90
23.67
26.39
48.01
22.31
43.23
30.11
53.91
15.13
73.50
49.51
55.43
32.79
35.43
34.51
30.39
22.98
26.26
29.23
48.85
54.46
33.08
–0.07
–0.22
–0.06
–0.41
–1.00
–0.04
–0.24
+0.59
+0.56
+0.09
+0.56
–0.36
+0.37
+0.43
+0.54
+0.77
+0.85
+1.05
+0.18
+4.58
+3.09
+1.70
+1.08
–0.21
–0.30
–1.43
–0.18
+1.15
+0.72
+0.08
+0.32
...
+0.13
+0.11
+0.49
+0.20
–0.31
+0.22
+0.21
...
+0.18
+1.01
+6.18
+0.05
+3.95
+2.96
–2.33
–2.84
+1.27
+2.09
+2.71
+0.92
+1.95
+3.20
+2.17
+1.51
+3.38
+0.37
+0.14
+0.13
+0.66
+0.44
+0.15
+1.05
+0.41
+0.58
+0.41
+0.46
+0.74
+0.87
+0.45
+0.77
+1.39
–0.50
+0.17
–0.06
–0.02
+0.01
–0.02
–0.04
–0.01
–0.02
+0.02
+0.01
–0.06
–0.02
–0.02
+0.02
+0.03
+0.03
+0.02
–0.01
+0.03
–0.03
–0.02
–0.01
+0.03
–0.39
+0.38
...
–0.23
+0.25
+0.42
+1.28
+0.22
+1.63
–0.03
+0.53
+0.95
+0.61
+0.39
–0.23
+1.26
+0.14
+1.15
+0.38
+0.58
+0.54
+0.94
+0.18
+0.23
+0.70
+0.32
+0.25
–0.34
+1.72
+1.23
.5438
.1719
.1066
.335
.2374
.1088
.0956
...
1.2712
.0562
.194
.1294
.8974
.7763
.9735
.5312
.2251
1.1404
.3913
1.2727
.4925
.2653
.3019
.207
.0364
.3225
.0277
.2953
.2923
.2894
.5185
.2984
.404
.128
.0889
.1994
.2021
.8252
.384
.4968
.45
.3448
.367
.5967
.5071
.5408
.8703
.6002
.2012
.5566
.095
.3227
.0884
.3725
.2616
.3129
.2707
.0255
.1667
.3438
.4519
.833
.2872
.4634
.3528
.5191
.3776
.1556
.1547
.2705
.4574
.3068
.7927
.0176
...
.2541
.032
.0235
.0271
.0507
.0452
.0347
.0197
.0382
.0418
.0429
.038
.0229
.0213
.0337
.0546
.0441
.0296
.0646
.0169
.0164
.0137
.3608
.1705
.0743
.3915
.0566
...
.6204
.0309
1.2432
.5589
.189
.5177
.2643
.0504
.3687
.9055
.1084
.7426
.6965
.9835
.0949
.0261
.0844
.2507
.3704
.7068
.0299
.3418
.6972
.1691
M26
BARRON’S
January 15, 2018
Exchange-Traded Portfolios
For personal Do not edit or alter. Reproductions not permitted.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or
Name
Tick
Sym Yld
iShMSCIJapan
EWJ
iShMSCIJapanSC SCJ
iShMSCIKLD400Soc DSI
iShMSCIKokusaiETF TOK
iShMSCIMalaysiaETF EWM
iShMSCIMexico EWW
iShMSCINetherlands EWN
iShMSCIPacificxJp EPP
iShMSCIPeru
EPU
iShMSCIPhilippines EPHE
iShMSCIPoland EPOL
iShMSCIRussia ERUS
iShMSCISaudiArabia KSA
iShMSCISingapore EWS
iShMSCISouthAfrica EZA
iShMSCISthKorea EWY
iShMSCISpain
EWP
iShMSCISweden EWD
iShMSCISwitz
EWL
iShMSCITaiwan
EWT
iShMSCIThailand THD
iShMSCIUSAESGSelct SUSA
iShMSCIUSAEqWeight EUSA
iShMSCIUK
EWU
iShMSCIWorldETF URTH
iShMorningstarLC JKD
iShMornLCGrowth JKE
iShMornLCValue
JKF
iShMorningstarMC JKG
iShMornMCGrowth JKH
iShMorningstarSC JKJ
iShMornSCGrowth JKK
iShMornSCValue
JKL
iShNatlMuniBd
MUB
iShNewYorkMuniBd NYF
iShResRealEst
REZ
iShRussell1000Gwth IWF
iShRussell1000
IWB
iShRussell1000Val IWD
iShRussell2000Gwth IWO
iShRussell2000
IWM
iShRussell2000Val IWN
iShRussell3000
IWV
iShMicro-CapETF IWC
iShRussellMid-Cap IWR
iShRussellMCValue IWS
iShRussellTop200Gr IWY
iShRussellTop200 IWL
iShRussellTop200Vl IWX
iShS&P100
OEF
iShS&PMC400Growth IJK
iShS&P500Growth IVW
iShGlobalEnergyETF IXC
iShGlobalHealthcr IXJ
iShGlobalTechETF IXN
iShGlobalTelecom IXP
iShGloblFinancials IXG
iShS&P500Value
IVE
iShIntlDevProperty WPS
iShGlobalConsDiscr RXI
iShGlobalUtilities
JXI
iShGlobalMaterials MXI
iShGloblIndustrial
EXI
iShrsSP GSCI Cmdty GSG
iShS&PMC400Value IJJ
iShS&PSC600Value IJS
iShGlblConStaples KXI
iShNATech-Mult
IGN
iShNorthAmerTech IGM
iShShortNatlMuniBd SUB
iShSilver
SLV
iShTIPSBondETF
TIP
iSh10+YCreditBond CLY
iShTreaFRBd
TFLO
iShDowJonesUS
IYY
iShChinaLC
FXI
iShRussellMCGrowth IWP
iShUSBrokerDealers IAI
iShYdOptimizedBd BYLD
iSh0-5YHYCorpBd SHYG
JPM AlerianMLP
AMJ
JanusHenShrtDur VNLA
JanusVelTailLC TRSK
JanusVelVolLC SPXH
HancockConsDisc JHMC
HancockConsStpl JHMS
HancockDevIntl JHMD
HancockEnergy JHME
HancockMultFinls JHMF
HancockHealthcare JHMH
HancockIndustrials JHMI
HancockLC
JHML
HancockMatls
JHMA
HancockMC
JHMM
HancockMultiSC JHSC
HancockTech
JHMT
HancockUtils
JHMU
JPM DivAlt
JPHF
JPM DivRetEM
JPEM
JPMDivRetEurCur JPEH
JPMDivReturnEurope JPEU
JPM DivRetGlEq JPGE
JPM DivRetIntl
JPIH
JPM DivRetIntlEq JPIN
JPM DivRetUS Eq JPUS
JPM Div US MC JPME
JPM Div US SC
JPSE
JPM EventDriven JPED
JPM MgdFutures JPMF
JPM US Dividend JDIV
JPM US Moment JMOM
KnowldgLdrDevWrld KLDW
KraneBoseraChinaA KBA
KraneCSIChInt KWEB
KraneEFdChina KCNY
KraneEMCnsTech KEMQ
KraneMSCIChinaEnv KGRN
KraneSh1Belt1Road OBOR
KraneZacksNewChina KFYP
MadronaDomestic FWDD
MadronaGlobalBond FWDB
MadronaIntl
FWDI
MktVctDbLngEur URR
MkVctrDbShtEur DRR
MVEMInvGrade+BB IGEM
MatlsSelSectorSPDR XLB
MeidellTactical
MATH
MSCushMLPHI MLPY
1.3
1.3
1.4
2.2
8.6
2.0
1.1
5.0
3.5
.1
3.0
5.5
2.5
4.7
1.8
5.6
3.3
1.9
4.0
2.7
1.3
1.6
1.7
3.6
1.8
1.9
.8
2.5
1.5
.5
1.4
.6
2.0
2.2
2.2
3.6
1.0
1.7
2.0
.8
1.5
2.5
1.6
1.6
1.7
2.2
1.5
1.6
2.1
1.8
1.3
1.3
3.0
1.1
1.0
3.4
1.8
2.1
8.1
1.1
3.5
1.3
1.1
...
1.8
1.7
2.2
.6
.5
1.4
...
1.6
4.2
2.3
1.8
1.7
.7
1.4
2.4
3.9
6.3
3.3
.8
.9
.9
1.4
1.5
2.0
1.1
.8
.9
1.6
1.3
1.0
...
.7
2.5
.0
2.0
2.8
2.6
1.5
2.2
2.0
1.2
1.1
.7
...
...
...
...
.7
1.0
1.1
...
...
...
...
1.7
.3
6.9
1.1
...
...
3.4
1.8
...
8.6
Div
Last Chg. Amt.
63.46
83.53
102.27
67.56
34.64
50.69
32.84
49.20
42.98
39.61
28.49
37.07
27.65
27.35
69.54
77.90
34.97
35.92
36.53
37.46
97.92
115.55
57.59
37.11
91.65
165.18
165.01
108.70
190.76
211.25
180.12
184.79
156.25
110.05
55.43
58.00
141.21
154.67
128.35
193.88
158.16
130.13
164.50
99.49
215.46
91.44
76.70
64.04
54.20
123.72
224.78
159.90
37.88
117.42
160.77
60.42
73.55
118.32
40.61
115.47
48.55
74.21
98.03
16.80
164.51
159.11
105.90
50.52
178.66
104.96
16.27
113.38
62.85
50.24
139.09
49.79
126.31
66.18
24.97
47.28
30.01
50.17
32.36
37.90
32.20
27.64
31.68
31.65
38.51
32.62
36.96
36.16
37.65
35.46
26.86
43.24
26.49
26.48
61.30
28.85
62.54
64.44
30.55
62.11
72.66
65.61
30.34
25.37
25.28
26.24
26.69
34.81
36.87
64.08
35.65
27.39
27.10
26.79
33.98
55.95
26.10
32.70
19.87
49.50
24.77
63.39
34.65
7.55
+1.42
+1.93
+1.48
+1.05
+0.29
–0.29
+0.33
+0.19
+0.28
–0.57
+0.23
+1.30
+1.08
+0.32
–1.02
+0.91
+0.78
+0.84
+0.24
...
+1.66
+2.01
+1.02
+0.72
+1.23
+2.63
+2.66
+1.55
+1.92
+3.51
+4.19
+3.60
+2.91
–0.43
–0.27
–2.40
+2.26
+2.52
+2.07
+3.71
+3.37
+2.96
+2.68
+2.20
+3.25
+1.29
+1.15
+0.97
+0.86
+2.04
+3.59
+2.42
+0.99
+1.35
+0.57
–0.54
+2.27
+2.05
+0.09
+2.74
–0.75
+1.43
+2.28
+0.40
+2.40
+3.56
–0.52
+1.13
+2.71
+0.09
+0.05
–0.54
+0.10
+0.02
+2.28
+1.25
+2.10
+2.09
–0.05
–0.09
+1.34
+0.05
+0.58
+0.52
+0.81
–0.13
+0.57
+0.88
+1.11
+0.68
+0.94
+0.64
+0.53
+0.57
+0.48
+0.52
–0.41
+0.07
+0.62
+0.41
+0.49
+0.58
+0.20
+0.67
+0.84
+0.98
+0.35
+0.13
+0.13
+0.13
+0.74
+0.39
+1.14
+0.69
+0.11
+0.40
+0.76
+0.17
–1.77
+1.24
+0.12
+0.42
+0.47
+1.49
+0.16
+0.53
+0.39
+0.28
.3994
.5457
.3653
.7465
1.4904
.5087
.18
1.2284
.7464
.0251
.4293
1.0278
.343
.6407
.6171
2.1762
.5805
.3387
.7282
1.0189
.63
.4532
.2474
.6611
.8255
.7849
.3422
.671
.7284
.2511
.6316
.2971
.7936
.1973
.0481
.5203
.3567
.6424
.6349
.3974
.5793
.8141
.6638
.4084
.9199
.5007
.2796
.2626
.2898
.5685
.7069
.5263
.5596
.6606
.8153
1.0351
.6525
.6257
.8255
.6583
.8498
.4699
.5477
...
.7286
.6581
1.1579
.0762
.2267
.1234
...
.1555
.2183
.0947
.6234
.8918
.2241
.2351
.0504
.1546
.4741
.136
.0666
.0831
.1504
.19
.241
.316
.2097
.1365
.1682
.2906
.2472
.1789
...
.1523
.3267
.0001
1.2505
.8105
1.6369
.9421
.6595
1.2717
.8791
.7444
.2188
.0139
.0071
.1681
.0756
.2303
.1608
.3382
...
...
...
.0267
7.344
.1847
.1505
.3735
...
...
.0705
.2879
...
.1614
Name
Tick
Sym Yld
MSMrkVecRnmnbi CNY ...
MSMktVectRupee INR ...
NashvilleAreaETF NASH .1
NatixisShrtDur
LSST ...
NatixisSeeyondIntl MVIN 1.8
NewfleetMultiUnBd NFLT 6.2
NuShESGUSAggBd NUBD 2.6
NuShEnhYd1-5Y NUSA 3.0
NuShEnhYdUSBd NUAG 3.0
OShFTSEAsiaPacQlty OASI 27.0
OShsFTSEEurQltyDiv OEUR 8.5
OShFTSERussIntl ONTL 7.3
OShRussSC Qu OUSM 6.9
OShFTSEUSQuality OUSA 5.3
OppESGRevenue ESGL 1.9
OppenheimFclsSect RWW 1.1
OppGlbESGRevenue ESGF 1.0
OppenheimerLgCpRev RWL 1.6
OppenheimerMdCpRev RWK 1.1
OppenheimerSmCpRev RWJ 1.0
OppenheimUltraDiv RDIV 4.8
PIMCO25+YrZeroCoup ZROZ 2.7
PIMCO ActiveBd BOND 4.1
PIMCOBrdUSTIPSIdx TIPZ 5.6
PIMCOEnhLowDur LDUR 3.2
PIMCOEnhShMaturity MINT 1.7
PIMCO15+USTIPSIdx LTPZ 4.0
PIMCOIntermMuniBd MUNI 2.4
PIMCOInvGrdCorpBd CORP 3.1
PIMCO1-5USTIPSIdx STPZ .2
PIMCO1-3USTreaIdx TUZ 1.3
PIMCO DynMultEM MFEM ...
PIMCO DynMultIn MFDX ...
PIMCO DynMultUS MFUS ...
PIMCOShrtTrmMuniBd SMMU 1.4
PIMCO0-5YrHiYdCorp HYS 4.6
PwrShUsRealEst PSR .6
PwrShAerospace PPA 1.8
PwrShCEF Incm PCEF 6.4
PwrShCAAMTFrMuni PWZ 2.3
PwrShCNYDimSum DSUM 3.4
PwrShCleantch
PZD .1
PwrShDBAgricFd DBA ...
PwrShDBBaseMtls DBB ...
PwrShDBComTr DBC ...
PwrShDBEnergy DBE ...
PwrShDBGold
DGL ...
PwrShDBOilFd
DBO ...
PwrShDBPrecMtls DBP ...
PwrShDBSilver
DBS ...
PwrShDB G10
DBV ...
PwrShDB USDBear UDN ...
PwrShDB USDBull UUP ...
PwrShDynBiot
PBE 1.7
PwrShDynBldg&Con PKB .3
PwrShDynEnerExpln PXE 1.2
PwrShDynFood&Bev PBJ 1.7
PwrShDynLCValue PWV 2.1
PwrShDynLeisure PEJ .3
PwrShDynMkt
PWC 3.7
PwrShDynMedia
PBS .5
PwrShDynNetwork PXQ .5
PwrShDynOilSvs
PXJ 7.4
PwrShDynPharm PJP .6
PwrShDynRetail PMR 1.4
PwrShDynSemicon PSI .3
PwrShDynSoftware PSJ ...
PwrShEmergInfra PXR 9.4
PwrShEM SovDebt PCY 3.5
PwrShFTSE US1000 PRF 2.1
PwrShDynLC Grwth PWB .6
PwrShAPac xJapan PAF 8.8
PwrShDevMkt xUS PXF 3.7
PwrShFTSERAFIDevMk PDN 5.1
PwrShFTSE EM
PXH 2.5
PwrShFinlPfd
PGF 5.6
PwrShFundHYCpBd PHB 3.8
PwrShInvGrdCpBd PFIG 2.4
PwrShGlbClEngy PBD 3.5
PwrShPrivateEqty PSP 11.0
PwrShGlbShtHYBd PGHY 5.1
PwrShIndia
PIN .5
PwrShIntlCorpBd PICB 1.4
PwrShNatAMTFrMuni PZA 3.0
PwrShNYAMTFrMuni PZT 2.7
PwrShS&PEM Mom EEMO 2.6
PwrShS&PIntlDev IDHQ 1.5
PwrShPfdETF
PGX 5.5
PwrShRussMC EW EQWM 1.6
PwrShRussMCGrw PXMG .4
PwrShRussMCVal PXMV 3.6
PwrShRuss1000EqWt EQAL 1.7
PwrShRussTop200 EQWL 1.9
PwrShRussTop200G PXLG .9
PwrShRussTop200Val PXLV 2.4
PwrShRuss2000EW EQWS 1.7
PwrShRuss2000Grw PXSG .3
PwrShRuss2000Val PXSV 3.9
PwrShS&P500Down PHDG 3.5
PwrShS&P500HiDiv SPHD 3.3
PwrShS&P500LoVol SPLV 1.9
PwrShS&PEMLowVol EELV 4.1
PwrShS&P500BW PBP 1.6
PwrShS&P500EnhVal SPVU 6.3
PwrShS&P500xRate XRLV 1.6
PwrShS&P500HiBeta SPHB 1.3
PwrShS&P500Mom SPMO .6
PwrShS&P500Qual SPHQ 2.0
PwrShS&PIntDev IDLV 5.3
PwrShS&PIntlDev IDMO 2.6
PwrShS&P400LowVol XMLV 4.2
PwrShS&P600LowVol XSLV 3.3
PwrShSrLoanPtf BKLN 4.0
PwrShTaxMuniBd BAB 3.7
PwrShTreaColl
CLTL ...
PwrShVRDOTxFr PVI .7
PwrShVarRtPfd
VRP 4.3
PwrShWldrClean PBW ...
PwrShWldrHill
PUW .5
PwrShZacksMicro PZI 1.9
PrincipalEDGEActv YLD 4.8
ProShDJBrkGlIn TOLZ 3.1
ProShDecRetail EMTY ...
ProShHdgReplic HDG ...
ProShInflationExp RINF 4.1
ProShLgOnline
CLIX ...
ProShRAFI L/S
RALS 1.6
ProShS&P500xEner SPXE 1.6
Div
Last Chg. Amt.
44.81
43.62
29.20
25.03
45.76
25.24
24.80
24.73
24.38
30.99
26.15
28.09
27.23
32.45
32.24
71.81
32.67
53.78
63.30
72.73
37.57
117.33
105.66
57.83
100.15
101.61
68.01
53.34
105.22
51.89
50.23
27.41
27.71
28.63
50.08
100.87
77.87
56.47
24.17
26.15
23.67
44.37
18.56
19.35
16.97
15.14
42.43
10.86
39.46
26.10
23.64
22.70
23.71
50.08
35.86
24.14
33.44
39.29
45.29
99.73
29.49
48.57
10.66
67.94
39.19
53.04
67.51
39.74
29.53
117.90
43.65
60.53
47.81
35.86
23.72
18.76
18.97
25.49
13.59
13.11
24.00
27.28
27.93
25.62
24.52
21.63
25.00
14.82
49.38
45.01
31.80
32.17
54.78
47.58
39.67
44.88
33.02
31.91
28.36
42.40
47.91
26.45
21.56
36.70
35.05
45.16
36.19
31.78
34.40
29.42
45.12
46.56
23.11
30.35
105.40
24.93
25.70
26.12
27.91
19.80
41.56
43.12
32.52
45.90
28.05
42.00
37.39
57.36
+1.80
+2.06
+0.98
–0.02
+0.51
–0.08
–0.07
–0.05
–0.05
+0.64
+0.10
–0.21
+0.07
+0.20
+0.85
+1.86
+0.43
+1.18
+1.23
+2.14
+0.93
–1.88
–0.26
–0.35
–0.10
+0.05
–0.97
–0.20
–0.19
–0.05
–0.01
+0.38
+0.28
+0.49
+0.03
–0.25
–2.33
+1.65
+0.07
–0.14
+0.17
+0.67
–0.27
+0.18
+0.26
+0.43
+0.53
+0.48
+0.46
–0.33
–0.18
+0.25
–0.25
+0.90
+0.29
+0.57
–0.21
+0.10
+1.26
+2.43
+0.61
+1.00
+0.46
+1.37
+1.24
–0.36
+1.83
+0.91
–0.14
+2.05
+0.87
+0.03
+0.98
+0.60
+0.39
+0.02
–0.06
–0.04
+0.17
+0.27
+0.03
+0.25
+0.27
–0.14
–0.13
+0.13
+0.44
+0.01
+0.78
+1.17
+0.24
+0.45
+0.91
+0.68
+0.61
+1.00
+0.42
+0.82
+0.37
–0.13
+0.06
+0.29
–0.05
+1.12
+0.53
+1.43
+0.74
+0.59
+0.16
+0.32
–0.16
+0.41
+0.01
–0.18
+0.02
–0.01
+0.05
+0.48
+0.43
+0.17
+0.06
–0.46
–1.16
+0.16
+0.03
+0.69
–0.05
+0.50
...
...
.0216
...
1.1283
.2912
.0529
.021
.0696
.2325
.1853
.1698
.0046
.1445
.1565
.1954
.1129
.2166
.1785
.1792
.4463
.782
.2694
.27
.2677
.1454
.2267
.105
.275
.01
.055
.054
.1911
.2787
.06
.3863
.1134
.2504
.1295
.051
.0663
.0151
...
...
...
...
.042
...
.0453
.0153
.0192
.024
.023
.2153
.0251
.0747
.1404
.2031
.0348
.9274
.0386
.0646
.198
.101
.1412
.0379
...
.937
.0872
.6239
.063
1.3331
.4365
.4569
.1482
.088
.0595
.0502
.1188
.3608
.1025
.0357
.0336
.064
.056
.7585
.0932
.068
.1949
.0496
.287
.1391
.2616
.1025
.234
.1921
.0258
.308
.2506
.1164
.075
.271
.1297
.5749
.046
.1429
.0543
.1618
.4599
.1891
.474
.3836
.0775
.0929
.7468
.0143
.0922
.028
.0376
.0923
.1649
.33
.0086
...
.2891
...
.1482
.2289
Name
Tick
Sym Yld
ProShS&P500xFin SPXN 1.6
ProShS&P500xHlth SPXV 1.7
ProShS&P500xTech SPXT 1.6
ProShShtDow30 DOG .1
ProShShortEuro EUFX ...
ProShShXinhuaCh25 YXI ...
ProShShtFinls
SEF ...
ProShShortHY
SJB ...
ProShShMSCI EAFE EFZ ...
ProShShtMSCI EM EUM ...
ProShShtMC400 MYY ...
ProShShtOil&Gas DDG ...
ProShShortQQQ PSQ ...
ProShShtRE
REK ...
ProShShtRus2000 RWM ...
ProShShrtS&P500 SH ...
ProShSh7-10YrTr TBX ...
ProShShrtSC600 SBB ...
ProShSh20+Tr
TBF ...
ProShShtVIXST SVXY ...
ProShrUlBscMtls UYM .6
ProShUltBlmCrude UCO ...
ProshUltBlmNatGas BOIL ...
ProShrUlConsmrGd UGE .8
ProShrUlCnsmr
UCC .3
ProShrUltraDow30 DDM .6
ProShUlt Euro
ULE ...
ProShUltFTSEEurope UPV ...
ProShXinhuaChina25 XPP ...
ProShrUltraFnl
UYG 1.1
ProShUltraGold
UGL ...
ProShUltGoldMiners GDXX ...
ProShrUlHlthCr
RXL .4
ProShUltraHY
UJB 3.6
ProShrUltraInd
UXI .5
ProShUltBrazil
UBR ...
ProShUltMSCIEAFE EFO ...
ProShUltMSCIEM EET ...
ProShrUltraJapan EZJ ...
ProShrUMdCp400 MVV .6
ProShrUlOilGas
DIG 1.2
ProShrUltraQQQ QLD .0
ProShrUltraRE
URE 2.9
ProShrUltraRus UWM .4
ProShrUltraS&P
SSO .5
ProShrUlSemi
USD .6
ProShrUl7-10Trs UST 1.2
ProShUltSilver
AGQ ...
ProShrUlSmC600 SAA ...
ProShrUlTech
ROM .2
ProShUltTelecom LTL 2.3
ProShUlt20YrTr
UBT 1.5
ProShrUltraUtil
UPW 2.2
ProShUltVIXST UVXY ...
ProShUltraYen
YCL ...
ProShUltDow30 UDOW .3
ProShUltraProFin FINU .3
ProShUltMC400 UMDD ...
ProShUltRus2000 URTY ...
ProShUltS&P500 UPRO ...
ProShUltShtDow30 SDOW ...
ProShUltraProShFnl FINZ ...
ProShShtMC400 SMDD ...
ProShShtRus2000 SRTY ...
ProShUltProShS&P SPXU ...
ProUltProShrt20YTr TTT ...
ProShUlt3xCrudeOil OILU ...
ProShUlt3xShCrude OILD ...
ProShUltShtAUD CROC ...
ProShrUSBscMtls SMN ...
ProShUltBloomCrd SCO ...
ProShUltShBlmGas KOLD ...
ProShrUSCnsmrGd SZK ...
ProShrUSCnsmrSvc SCC ...
ProShUltShDow30 DXD ...
ProShUltShEuro EUO ...
ProShrUltShFTSEEur EPV ...
ProShXinhuaChina25 FXP ...
ProShrUSFnl
SKF ...
ProShUltShGold
GLL ...
ProShUltShGoldMin GDXS ...
ProShrUSHlthCr
RXD ...
ProShrUSInd
SIJ ...
ProShUltra7-10
PST ...
ProShrUltraBrazil BZQ ...
ProShrUS MSCI EAFE EFU ...
ProShrUS MSCI Jpn EWV ...
ProShUltMC400
MZZ ...
ProShrUS MSCI EM EEV ...
ProShrUSOilGas DUG ...
ProShUltShtQQQ QID ...
ProShrUSRlEst
SRS ...
ProShrUlShtRus TWM ...
ProShUltShtS&P500 SDS ...
ProShrUSSemi
SSG ...
ProShUltShtSilver ZSL ...
ProShrUlShtSmC600 SDD ...
ProShrUSTech
REW ...
ProShUltraSh20+ TBT ...
ProShrUSUtil
SDP ...
ProShUltShtYen
YCS ...
ProShsVIXMTFut VIXM ...
ProShsVIXSTFut VIXY ...
REXGoldHdgS&P500 GHS 4.1
RealEstSectorSPDR XLRE 4.7
RealityDIVS
DIVY ...
ReavesUtilitiesETF UTES 3.0
RenaissanceIPOETF IPO .2
RenaissanceIntlIPO IPOS .9
RivFrDynCoreIncm RFCI 3.0
RivFrDynUSDiv RFDA 2.5
RivFrDynUSFlex RFFC 1.8
RivFrDynUnconInc RFUN 4.8
RivFrStratIncm
RIGS 4.7
SPDRBlackstoneSrLn SRLN 4.1
SPDRBloomBarCvSecs CWB 17.3
SPDRBloomBarEMLoBd EBND 5.9
SPDR BlmBarcHYBd JNK 5.3
SPDRBloomBarcIntTm ITE 2.3
SPDRBloomBarInCpBd IBND .8
SPDRBlmBarIntTrBd BWX 1.0
SPDRBlmBarInvGrdFR FLRN 2.8
SPDRBlBarIssScCpBd CBND 3.1
SPDRBloomBarMtgBd MBG 3.2
SPDRBloomBarc1-10Y TIPX 11.0
SPDRBloomBar1-3MTB BIL 1.1
SPDRBloomBarSTHYBd SJNK 5.2
Div
Last Chg. Amt.
56.01
57.66
54.19
14.33
39.95
17.95
11.26
23.03
24.35
17.08
10.86
21.67
33.70
16.65
40.80
29.01
28.62
33.09
22.28
138.19
81.27
26.71
6.80
49.50
91.00
143.48
17.97
62.55
97.26
135.15
42.73
44.77
96.10
66.31
80.94
88.58
144.03
103.32
145.82
131.33
45.24
81.63
59.47
75.90
118.40
130.81
56.24
35.04
106.11
97.16
43.26
80.40
42.82
8.67
58.92
106.72
120.79
126.88
91.80
157.64
17.22
7.21
9.32
28.97
10.08
25.73
45.28
8.76
44.48
12.05
21.45
36.96
13.49
21.84
8.00
20.54
28.48
14.62
19.80
65.59
13.12
27.68
15.11
22.04
8.01
20.98
23.64
17.59
7.57
32.24
12.00
32.34
16.22
37.91
9.68
30.31
14.67
15.02
35.10
27.77
72.74
19.99
21.44
34.80
31.19
27.00
30.99
28.66
25.97
24.63
32.99
34.35
26.09
25.24
47.34
52.18
30.32
36.86
59.18
35.70
28.80
30.72
32.20
25.98
19.22
91.47
27.68
+0.41
+0.53
+1.64
–0.29
+0.11
–0.51
–0.19
+0.08
–0.39
–0.14
–0.17
–0.48
–0.52
+0.45
–0.83
–0.44
+0.14
–0.79
+0.19
+2.26
+1.34
+2.21
+1.00
+0.05
+6.24
+5.66
+0.41
+1.21
+4.77
+4.43
+1.05
+1.43
+3.10
–0.45
+4.34
+1.26
+3.91
+1.22
+5.92
+3.94
+2.67
+2.46
–3.73
+3.12
+3.74
–2.05
–0.58
+0.20
+4.37
+1.93
+0.66
–1.52
–1.92
–0.32
+2.15
+6.15
+9.70
+5.12
+5.55
+7.29
–1.07
–0.72
–0.51
–1.99
–0.50
+0.69
+5.50
–1.24
–0.44
–0.20
–1.98
–7.04
...
–1.25
–0.32
–0.54
–0.76
–0.77
–0.68
–1.73
–0.34
–0.87
–1.01
+0.24
–0.14
–0.79
–1.23
–0.55
–0.12
–2.11
–0.38
+1.87
–0.71
–1.23
+0.13
–0.17
–0.70
–0.23
+0.66
+1.24
–2.81
–0.52
–0.39
+1.08
–1.08
+0.71
–0.70
+0.14
+0.66
–0.05
+0.60
+0.63
–0.07
+0.01
–0.01
+0.22
+0.10
–0.17
–0.12
+0.34
+0.27
+0.03
...
+0.01
–0.07
+0.03
–0.05
.2281
.2442
.211
.0054
...
...
...
...
...
...
...
...
.0057
...
.0275
.0182
...
...
...
...
.1136
...
...
.1022
.0665
.2256
...
...
...
.3666
...
...
.1001
.589
.0977
...
...
...
...
.198
.1339
.0035
.4352
.0724
.161
.1983
.1689
...
...
.0597
.2444
.3072
.2363
...
...
.0919
.1018
...
...
...
.0172
...
...
.0125
.0119
...
...
...
...
...
...
...
...
...
.0106
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
.0102
...
.0084
.0365
...
...
...
...
...
...
...
...
...
.0271
.365
.2205
.2042
.0157
.0586
.0625
.0675
.0523
.061
.0991
.16
.7507
.1488
.1625
.112
.023
.0239
.0721
.0842
.0682
.1757
.082
.1197
Name
Tick
Sym Yld
SPDRBloomBarSTInTr BWZ
SPDRBloomBarcTIPS IPE
SPDRCitiIntGovBd WIP
SPDRDoubleTRTact TOTL
SPDREUROSTOXXSC SMEZ
SPDRFactSetInnTech XITK
SPDRGlobalDow DGT
SPDR Gold
GLD
SPDR ICE BofAML CJNK
SPDRKenFutSec XKFS
SPDRKenIntSft
XKII
SPDRKenSmartMob XKST
SPDRLgDollarGold GLDW
SPDRMFSSysCore SYE
SPDRMFSSysGrowth SYG
SPDRMFSSysValueEqu SYV
SPDRMSCIACWIIMI ACIM
SPDRACWILowCarbon LOWC
SPDRMSCICAStrat QCAN
SPDRMSCIChinaA XINA
SPDREAFEFossilFr EFAX
SPDRMSCIEAFEStrat QEFA
SPDREMFossilFuelFr EEMX
SPDRMSCIEMStrat QEMM
SPDRMSCIDEStrat QDEU
SPDRMSCIJapanStrat QJPN
SPDRMSCIUSAStrat QUS
SPDRMSCIUKStrat QGBR
SPDRMSCIWorldStrat QWLD
SPDR NYSE Tech XNTK
SPDRNuveenMuniBd TFI
SPDRNuveenSTMuniBd SHM
SPDRHYMuni
HYMB
SPDRPtfAggBd SPAB
SPDRPtfDevxUS SPDW
SPDRPtfEM
SPEM
SPDRPtfIntermCpBd SPIB
SPDRPortfolioLC SPLG
SPDRPtfLTCorpBd SPLB
SPDRPtfLgTermTrea SPTL
SPDRPtfMC
SPMD
SPDRS&P500Value SPYV
SPDRS&P500Growth SPYG
SPDRS&P500HiDiv SPYD
SPDRPtfSTCpBd SPSB
SPDRShtTermTrea SPTS
SPDRPtfSC
SPSM
SPDR Ptf TSM
SPTM
SPDRRuss1000LowVol ONEV
SPDRRuss1000Mom ONEO
SPDRRuss1000Yd ONEY
SPDRMomentumTilt MMTM
SPDRS&P1500ValTilt VLU
SPDR S&P500MidGr MDYG
SPDR S&P400MidVl MDYV
SPDRS&P600SmallCap SLY
SPDR S&P600SCpGr SLYG
SPDR S&P600SCapVal SLYV
SPDR Aero Dfns
XAR
SPDRS&PBank
KBE
SPDRS&PCapitalMkts KCE
SPDREmMktsDiv EDIV
SPDRS&P500Buyback SPYB
SPDRS&P500Fossil SPYX
SPDRS&PGlbDividend WDIV
SPDRS&PGlbInfr
GII
SPDRS&PGlbNatRes GNR
SPDRS&PHlthCareEqp XHE
SPDRS&PHlthCareSvs XHS
SPDRS&PInsurance KIE
SPDRS&PInternetETF XWEB
SPDRS&PNAmNatlRscs NANR
SPDRS&POil&GasEq XES
SPDRS&PRegionalBkg KRE
SPDRS&PSft&Svs XSW
SPDRS&PTechHardwr XTH
SPDRS&PTelecom XTL
SPDRS&PTransport XTN
SPDRGenderDivers SHE
SPDR US LC Low Vol LGLV
SPDR US SC LowVol SMLV
SPDRSSgAGlbAll GAL
SPDRSSgAIncmAllctn INKM
SPDRSSgAMultiAsset RLY
SPDRSSgAUltraShrt ULST
SchwabEM Equity SCHE
SchwabFundEmgLrg FNDE
SchwabFundIntLrgCo FNDF
SchwabFundIntlSmCo FNDC
SchwabFundUSBrd FNDB
SchwabFundUSLrgCo FNDX
SchwabFundUSSmCo FNDA
SchwabIntmUSTrsr SCHR
SchwabIntEquity SCHF
SchwabIntlSC
SCHC
Schwab1000Index SCHK
SchwabSrtTRmUSTrsr SCHO
SchwabUS AggrBd SCHZ
SchwabUS BrdMkt SCHB
SchwabUS Div
SCHD
SchwabUS LC
SCHX
SchwabUS LC Grw SCHG
SchwabUS LC Val SCHV
SchwabUS MC SCHM
SchwabUS REIT SCHH
SchwabUS SC
SCHA
Schwab US TIPs SCHP
SerenityShImpact ICAN
SitRisingRateETF RISE
SPDR DJRlEst
RWX
SPDR DJREIT
RWR
SPDRGlblRlEst
RWO
SPDR DJIA Tr
DIA
SPDR EurSTOXX FEZ
SPDR MSCI exUS CWI
SPDREmMktSmlCp EWX
SpdrSPIntDiv
DWX
SPDR S&PMdCpTr MDY
SPDR S&P 500
SPY
SPDR S&P Biotch XBI
SPDR SP China
GXC
SPDR S&P Div
SDY
SPDR SP EmAsPac GMF
SPDR S&P Home XHB
SPDR IntlSC
GWX
SPDR S&P MtlMng XME
SPDRS&POilGasExpl XOP
SPDR S&P Pharm XPH
4.3
8.9
3.2
2.9
.4
1.3
1.7
...
8.2
...
...
...
...
1.1
.6
1.5
2.9
1.8
2.3
2.2
2.4
1.9
1.3
2.8
.3
1.8
2.0
3.2
2.2
.7
2.1
1.0
3.9
2.7
1.4
1.4
3.9
1.9
4.5
3.3
1.8
2.4
1.6
4.2
3.1
1.9
2.4
1.9
2.4
1.8
4.1
1.5
2.1
1.5
2.0
1.8
1.5
2.1
.4
1.7
2.0
1.5
3.5
1.8
4.6
3.4
2.4
.1
.4
2.2
...
1.6
1.0
1.6
.2
1.1
3.1
.7
2.1
2.7
3.9
3.4
5.3
3.4
.6
2.2
.0
2.2
1.9
2.1
2.0
.1
1.8
2.3
2.6
.1
1.3
2.3
1.8
2.6
1.8
1.0
2.6
1.8
3.3
1.8
4.8
.9
...
4.5
3.1
4.5
2.6
1.2
2.2
3.8
3.8
1.5
1.9
.2
2.9
2.6
2.5
.9
4.5
2.7
.6
.9
Div
Last Chg. Amt.
32.63
55.94
58.24
48.46
67.00
82.66
89.25
126.96
26.40
31.23
31.00
31.81
122.11
77.87
83.67
68.78
81.32
93.12
61.65
25.37
75.86
67.17
72.12
66.33
67.94
81.85
79.59
55.25
77.80
88.72
48.72
48.00
55.52
28.60
33.06
40.24
34.14
32.56
28.47
35.83
34.54
31.80
34.54
37.74
30.41
29.81
31.27
34.51
74.36
75.24
71.67
118.57
106.11
161.84
105.68
137.52
235.49
130.31
87.75
50.36
60.67
34.10
65.95
67.42
71.79
52.06
52.21
67.22
65.12
31.09
71.33
37.29
19.19
62.61
73.28
78.43
70.69
68.96
73.25
91.73
92.53
39.50
33.88
27.18
40.31
29.40
31.30
31.88
37.41
38.73
39.01
39.16
53.04
35.53
38.07
27.33
49.95
51.83
67.14
52.69
66.41
74.45
56.35
54.99
39.50
72.34
55.08
27.84
23.97
41.11
88.80
47.59
257.91
42.76
40.68
54.26
41.92
357.20
277.92
89.62
116.30
95.72
110.20
46.21
37.08
38.98
39.72
45.74
+0.35
–0.29
+0.32
–0.09
+0.81
+1.20
+1.39
+1.63
–0.03
+0.52
+0.20
+0.54
+0.55
+1.75
+1.69
+1.53
+0.54
+0.81
–0.79
+0.46
+1.24
+0.81
+0.12
+0.45
+0.12
+1.25
+1.14
+0.78
+1.05
+0.67
–0.17
+0.07
–0.24
–0.06
+0.43
+0.41
–0.03
+0.50
+0.04
–0.35
+0.59
+0.54
+0.51
+0.26
+0.03
–0.02
+0.66
+0.56
+1.23
+0.95
+1.40
+1.09
+2.57
+2.49
+1.48
+2.71
+5.06
+2.96
+2.72
+2.20
+1.89
+0.52
+2.22
+1.24
+0.09
–0.48
+1.31
+1.22
+2.12
+0.37
+1.90
+0.84
+0.96
+2.79
+2.06
+2.80
+0.90
+3.04
+1.06
+0.60
+1.17
+0.38
+0.03
+0.28
+0.05
+0.28
+0.41
+0.55
+0.49
+0.70
+0.73
+0.71
–0.16
+0.46
+0.47
+0.43
–0.04
–0.12
+1.12
+0.64
+1.09
+1.44
+0.74
+0.76
–1.17
+1.49
–0.26
+0.33
+0.17
+0.03
–2.73
–0.86
+5.19
+0.56
+0.43
+0.48
+0.01
+5.68
+4.50
+2.58
+2.50
+0.64
+1.02
+0.79
+0.62
+1.36
+1.18
+1.38
.1156
.4133
.4713
.1175
.1411
.6052
.3728
...
.1797
...
...
...
...
.4903
.1296
.6097
1.1799
.8553
.7033
.1366
.2458
.6285
.437
.9384
.1017
.7329
.0303
.8704
.3671
.1304
.0852
.0412
.1791
.0642
.23
.275
.1111
.1567
.1061
.0981
.1945
.1723
.1361
.244
.0794
.0481
.1869
.1674
2.174
1.1549
3.1938
.4544
.5524
.1596
.8355
1.0793
.3057
3.9589
.0938
.2133
.2984
.1274
.5783
.0187
.8333
.8944
.6382
.4596
.0631
.1748
5.9176
.1121
.0494
.2463
.1771
5.4412
.5491
.121
.4162
2.1654
3.6589
.3373
.4527
.2286
.0187
.6463
.0107
.7053
.6963
.2015
.1982
.0058
.0775
.8008
.9982
.0053
.0559
.101
.31
.3448
.3014
.1805
.3665
.2473
.3295
.3223
.2181
.0596
...
.2113
.6901
.532
.5606
.125
.44
1.0376
.3935
1.2987
1.3513
.0347
1.7122
.7685
1.3818
.1054
.3125
.265
.0645
.108
Name
Tick
Sym Yld
SPDR S&P Retail XRT 1.6
SPDR S&P Semi
XSD .7
SPDR STOXX Eu50 FEU 1.5
SPDRWelsFrg
PSK 6.3
SpinFieldUVAUncons FFIU 2.5
Whiskey&SpiritsETF WSKY .7
SprottGoldMiners SGDM .6
SprottJrGoldMiners SGDJ .1
SummitWaterETF WTRX 1.5
TechSelectSector XLK 1.4
TeucriumAgricFd TAGS ...
TeucriumCornFund CORN ...
TeucriumSoybeanFd SOYB ...
TeucriumSugarFund CANE ...
TeucriumWheatFund WEAT ...
TortoiseNAPipeline TPYP 2.8
2xLevLgETRACSWF LBDC 17.4
UBSNatGasMLPETN MLPG 5.5
UBS FIEnhGlbHY FIHD ...
UBS FIEnhLCGrw FBGX ...
E-TRACS DJ Cmd DJCI ...
UBSProSh3xInvCrd WTID ...
UBSProSh3xLgCrude WTIU ...
UBSWellsFargoETN BDCS 8.8
E-TRACS AlrInfr MLPI 6.0
USAACoreInterBd UITB 1.0
USAACoreST
USTB 2.4
USAA EM ValMom UEVM .5
USAA IntlVal
UIVM .0
USAA USA SC Val USVM .3
USAA USA ValMom ULVM .3
USCF SummerSHPEI BUY ...
USCF SummerSHPEN BUYN ...
USGlbGOGold GOAU ...
U.S.GlobalJetsETF JETS .4
USMktRotationStrat HUSE .0
ETRACS2xBDC BDCL 17.2
US3xOilFd
USOU ...
US3xShrtOilFd USOD ...
UtilitiesSelSector XLU 4.1
VanEckMerkGoldTr OUNZ ...
VanEckAfrica
AFK 1.9
VanEckAgribus
MOO 1.4
VanEckAMTFrIntMuni ITM 2.3
VanEckAMTFrLgMun MLN 3.1
VanEckAMTFrShMuni SMB 1.3
VanEckBDCIncome BIZD 10.2
VanEckBrazilSC
BRF 4.4
VanEckCEFMuni XMPT 5.1
VanEckChinaBond CBON 3.3
VanEckCSI300
PEK 1.0
VanEckSMEChiNxt CNXT ...
VanEckCoal
KOL 3.1
VanEckEgypt
EGPT .7
VanEckEM AggBd EMAG 5.0
VanEckEMHYBond HYEM 5.9
VanEckEnvironSvcs EVX .9
VanEckFallAnglHYBd ANGL 5.3
VanEckGaming
BJK 2.3
VanEckGlbAltEn GEX 1.2
VanEckGlblSpinoff SPUN .9
VanEckGoldMiner GDX .7
VanEckGreenBd GRNB .9
VanEckHiIncmInfra YMLI 6.9
VanEckHiIncMLP YMLP 6.8
VanEckHYMuni
HYD 4.4
VanEckIndiaSC
SCIF .1
VanEckIndonesia
IDX 1.8
VanEckIntlHYBd
IHY 4.3
VanEckInvtGrFR FLTR 1.9
VanEckIsrael
ISRA .1
VanEckJPMEMLCBd EMLC 5.2
VanEckJrGold
GDXJ .0
VanEckMornIntlMoat MOTI 2.7
VanEckMornWideMoat MOAT 1.0
VanEckMtgREIT MORT 10.5
VanEckNDRCMGLg LFEQ ...
VanEckNatRscs
HAP 1.9
VanEckOilRefin CRAK 1.2
VanEckOilSvcs
OIH 2.3
VanEckPoland
PLND 4.7
VanEckPreRefundMun PRB 1.3
VanEckPfdSecsxFin PFXF 6.3
VanEckRareEarth REMX 2.7
VanEckRetail
RTH 1.5
VanEckRussia
RSX 3.9
VanEckRussiaSC RSXJ 3.5
VanEckSemiconduc SMH 1.4
VanEckShHYMuni SHYD 3.2
VanEckSteel
SLX 2.1
VanEckUnOil&Gas FRAK .7
VanEckUranium
NLR 4.9
VanEckVietnam
VNM .8
VangdCnsmrDiscr VCR 1.2
VangdCnsmrStpls VDC 2.8
VangdExtMkt
VXF 1.9
VangdInfoTech
VGT 1.0
VangdMatrls
VAW 1.6
VangdSC Grwth
VBK 1.3
VangdSC Val
VBR 2.5
VangdDivApp
VIG 2.1
VangdEnergy
VDE 2.3
VangdExDurTreas EDV 2.9
VangdAWxUSSC VSS 6.5
VangdFTSEDevMk VEA 3.7
VangdFTSE EM VWO 1.8
VangdFTSE Europe VGK 2.0
VangdFTSE Pac
VPL 5.0
VangdFinls
VFH 1.9
VangdFTSEAWxUS VEU 3.2
VangdGrowth
VUG 1.3
VangdHlthCr
VHT 1.4
VangdHiDiv
VYM 2.9
VangdIndls
VIS 1.6
VangdIntermBd
BIV 2.7
VangdLC
VV 1.8
VangdLT Bond
BLV 3.7
VangdMegaCap MGC 1.9
VangdMegaGrwth MGK 1.4
VangdMegaVal
MGV 2.4
VangdMC
VO 1.6
VangdMCGrowth VOT .7
VangdMC Val
VOE 2.3
VangdREIT
VNQ 6.4
VangdS&P500
VOO 1.9
VangdS&P500 Grw VOOG 1.5
VangdS&P500Val VOOV 2.2
Div
Last Chg. Amt.
47.82
75.04
37.37
43.71
24.86
34.01
21.55
33.57
32.46
66.81
22.15
16.61
17.83
9.45
5.92
24.04
15.64
25.72
180.13
247.29
16.26
12.46
28.41
20.41
26.16
49.84
49.94
54.17
54.40
52.29
54.08
26.16
27.21
13.05
34.66
39.74
15.80
54.13
9.20
50.26
13.20
25.70
64.18
23.91
20.00
17.34
16.71
24.41
26.52
23.00
51.29
36.06
17.76
34.10
21.78
24.62
90.00
30.26
46.71
63.73
24.87
24.01
27.10
14.57
24.92
31.24
72.50
25.70
25.86
25.32
31.95
19.46
34.94
35.54
44.59
23.42
27.32
39.05
32.06
29.17
20.62
24.42
19.63
32.55
97.78
23.31
42.31
102.35
24.15
51.14
16.75
48.57
19.10
165.34
145.48
115.75
173.43
143.28
166.50
136.95
105.57
105.99
117.93
123.48
46.80
48.47
61.77
76.24
73.19
57.17
147.46
161.84
88.20
150.12
83.25
127.71
94.17
95.65
116.97
79.14
160.57
132.58
115.64
78.61
255.41
143.43
113.95
+1.71
+1.14
+0.53
+0.01
+0.01
–0.43
+0.45
–0.01
+0.46
+0.51
–0.32
–0.15
–0.18
–0.38
–0.10
+0.15
–0.76
+0.63
+1.94
+7.45
+0.24
–1.80
+3.31
–0.36
+0.82
–0.14
+0.01
+0.85
+1.07
+0.76
+1.04
+0.76
+0.13
+0.24
+1.93
+0.58
–0.61
+7.04
–1.42
–1.07
+0.19
+0.41
+0.70
–0.11
–0.25
+0.06
+0.09
+0.06
–0.28
+0.07
+1.17
+0.29
+0.87
+0.86
+0.02
+0.01
+1.91
+0.05
+0.32
+1.61
+0.32
+0.34
+0.08
+0.53
+0.55
–0.10
+0.96
+0.23
+0.06
+0.04
+0.66
+0.12
+0.46
+0.34
+0.92
–0.29
+0.45
+0.74
+0.68
+1.29
+0.12
+0.10
+0.05
+0.69
+3.93
+0.65
+0.34
–0.62
–0.03
+2.24
+0.49
–0.07
+0.61
+4.82
–0.65
+2.10
+1.93
+1.47
+2.68
+2.39
+1.55
+3.21
–1.45
+0.89
+0.64
+0.61
+0.91
+1.23
+2.05
+0.74
+2.28
+2.95
+1.23
+4.38
–0.29
+2.11
–0.23
+1.54
+1.99
+1.35
+2.63
+1.64
+2.21
–2.44
+4.16
+2.20
+1.90
.1962
.1282
.1443
.6846
.0518
.2101
.1194
.047
.2149
.2383
...
...
...
...
...
.1695
.6802
.354
...
...
...
...
...
.4468
.3926
.042
.1011
.1393
.0126
.043
.0364
...
...
.0174
.0308
2.6409
.6802
...
...
.5112
...
.494
.884
.0452
.0509
.0188
.425
1.063
.1135
.0623
.524
.065
.015
.253
.0911
.1205
.775
.0173
1.077
.767
.224
.176
.003
.252
.4225
.1146
.07
.46
.0937
.0407
.0479
.0836
.011
.133
.456
.612
.10
.75
.06
.678
.972
.0256
.1031
.87
1.428
.913
1.465
1.396
.0652
.027
.11
2.382
.025
.5049
1.0357
.5375
.437
.5662
.5542
.8621
.5461
.5997
.2944
2.006
.4315
.2121
.3136
.9613
.3521
.4629
.4751
.5667
.6431
.6164
.0802
.5877
.2932
.4612
.422
.4726
.648
.2456
.6741
1.2636
1.1839
.5228
.6399
Name
Tick
Sym Yld
VangdS&PMC400 IVOO 1.8
VangdS&P400Grwth IVOG .9
VangdS&P400Val IVOV 1.5
VangdS&P600
VIOO 1.1
VangdS&P600Grwth VIOG 1.2
VangdS&P600Val VIOV 1.9
VangdST Bond
BSV 1.8
VangdSC
VB 2.0
VangdTaxExemptBd VTEB 2.1
VangdTelecom
VOX 4.8
VangdTotalBd
BND 2.6
VangdTotalStk
VTI 1.9
VangdTotlWrld
VT 2.5
VangdUtilities
VPU 3.4
VangdValue
VTV 2.4
VelocityShares3xIn DGAZ ...
VelocityShares3xLg UGAZ ...
VelocityLgLIBOR ULBR ...
Velocity3xInvCrude DWT ...
Velocity3xLgCrude UWT ...
VelocityShVIXShrt XIVH ...
VelocityShVIXTail BSWN ...
VelocityShVIXVarLS LSVX ...
VirtusCumbMuni CUMB 2.3
VirtusEnhShrtUS VESH ...
VirtusGlovistaEM EMEM ...
VirtusLifeSciBio
BBC 1.0
VirtusLifeSciBio
BBP .2
VirtusNewDynCredit BLHY 6.8
VirtusWMCGlb
VGFO ...
WBIPwrFactorHiDiv WBIY 4.7
WBITacticalHiIncm WBIH 5.5
WBITacticalIncome WBII ...
WBITacticalLCGD WBIE .3
WBITacticalLCQ WBIL .6
WBITacticalLCV WBIF .2
WBITacticalLCY WBIG 1.6
WBITacticalRotatn WBIR 3.7
WBITacticalSMGD WBIA .4
WBITacticalSMQ WBID .4
WBITacticalSMV WBIB .2
WBITacticalSMY WBIC 2.0
WilshireMicroCap WMCR 1.9
Wlshr US REIT
WREI 3.4
WisdTrEM LocDebt ELD 4.9
WisdTreeMngdFutStr WTMF ...
WisdTrAsiaLocDebt ALD 1.7
WisdTrAPxJp
AXJL 1.4
WisdTrAustrDiv AUSE 3.6
WisdTrBalIncm WBAL ...
WisdTrUSAggBd AGGY 2.6
WisdTrBloomFR USFR 1.5
WisdTrUSDBull USDU ...
WisdTrBrazilReal BZF ...
WisdTrCBOES&P500 PUTW ...
WisdTrChineseYuan CYB ...
WisdTrContComm GCC ...
WisdTrEmgCurr CEW ...
WisdTrEMxSOE XSOE 1.4
WisdTrEM HiDiv
DEM 2.4
WisdTrEM SC
DGS 1.7
WisdTrEuropeHdg HEDJ 1.1
WisdTrEuropeHdgSM EUSC .9
WisdTrEurQualDiv EUDG .5
WisdTrEuropeSC DFE 1.6
WisdTrGlbXMexico XMX 2.1
WisdTrGlbxUSDiv DXUS 1.0
WisdTrGlbxUSQual DNL .9
WisdTrGlbxUSREFd DRW 10.4
WisdTrGlbHiDiv
DEW 3.1
WisdTrS&PChina500 WCHN ...
WisdTrIndiaEarn
EPI .4
WisdTrIntDivxFin DOO 3.2
WisdTrIntlEquity DWM 2.2
WisdTrIntlHdgQual IHDG 1.8
WisdTrIntlHiDiv
DTH 2.8
WisdTrIntlLC Div
DOL 2.5
WisdTrIntlMC Div DIM 2.0
WisdTrIntlSC
DLS 2.8
WisdTrJpnCapGds DXJC 4.6
WisdTrJpnHdgQuDiv JHDG 4.3
WisdTrJapanHdg DXJ 3.2
WisdTrJpnFinls
DXJF 1.8
WisdTrJpnHlthCare DXJH 2.8
WisdTrJpnRealEst DXJR 5.0
WisdTrJapanSC
DFJ 3.1
WisdTrUSDivxFin DTN 6.5
WisdTrUSDom WUSA 2.0
WisdTrUSEarn500 EPS 1.7
WisdTrUSExport WEXP 2.0
WisdTrUSHiDiv
DHS 5.0
WisdTrUSLCDivFd DLN 4.3
WisdTrUSMCDivFd DON 4.4
WisdTrUSMCEarn EZM 1.4
WisdomTreeUSQualYd QSY 1.6
WisdTrUSSCDiv
DES 5.8
WisdTrUSSCEarn EES 1.1
WisdTrUSTotalDivFd DTD 4.3
WisdTrUSTotalEarn EXT 1.8
WorkplaceEquality EQLT 1.1
XtrkrsCSI300ChinaA ASHX 2.4
XtrkrsFTSEDevXus DEEF 2.4
XtrkrsFTSEEmgComp DEMG 2.9
XtrkrsHarvCSI300 ASHR .8
XtrkrsHarvCSI500 ASHS ...
XtrkrsJpnJPXNik400 JPN 1.9
XtrrsLowBetHYBd HYDW ...
XtrkrsMSCIAllChina CN .8
XtrkrsMSCIAWxUS DBAW 2.4
XtrkrsMSCIAWxUSHi HDAW 3.1
XtrkrsMSCIAPxJapan DBAP 3.6
XtrkrsMSCIBrazil DBBR .2
XtrkrsMSCIEAFE DBEF 2.3
XtrkrsMSCIHiDiv HDEF 1.7
XtrkrsMSCIEM DBEM 2.6
XtrkrsMSCIEurope DBEU 1.8
XtrkrsMSCIEurozone DBEZ .8
XtrkrsMSCIGermany DBGR .5
XtrkrsMSCIJapan DBJP .1
XtrkrsMSCIMexico DBMX 4.8
XtrkrsMSCISKorea DBKO ...
XtrkrsMSCIUK
DBUK 6.6
XtrkrsMuniInfra RVNU 2.6
XtrkrsRussell1000 DEUS 2.0
XtrkrsRussell2000 DESC 1.8
XtrkrsShDurHYBd SHYL ...
XtrkrsUSDHYCorpBd HYLB 5.2
YieldShHiIncome YYY 8.0
Div
Last Chg. Amt.
132.29
138.56
125.07
144.40
150.80
137.09
78.98
152.71
51.37
91.02
81.03
142.75
77.44
111.23
110.05
22.78
82.04
31.82
11.40
29.92
82.18
17.87
31.30
25.32
21.98
27.22
30.95
41.61
25.04
27.47
27.54
25.34
25.32
27.20
28.54
29.84
27.00
26.17
26.19
25.41
27.20
23.32
35.17
45.25
39.45
40.45
46.42
72.64
60.51
25.30
50.46
25.09
25.48
18.91
29.24
26.21
19.39
19.77
33.70
47.59
54.27
65.75
32.14
27.63
73.72
30.51
27.67
60.51
33.58
49.70
33.30
28.86
45.39
58.21
32.28
46.26
52.89
71.80
79.96
30.74
29.97
62.15
27.49
37.29
15.86
84.35
91.05
31.71
32.20
32.61
73.51
94.60
36.05
41.07
85.84
29.49
37.66
95.18
33.06
37.64
23.21
30.98
29.95
32.91
36.25
31.05
50.04
40.01
28.66
27.10
29.74
12.45
32.77
25.30
25.26
29.20
31.41
29.05
46.05
19.55
32.20
22.06
26.93
32.96
34.77
50.02
50.67
19.50
+2.05
+2.18
+1.84
+3.10
+3.03
+3.13
–0.03
+2.70
–0.24
+0.45
–0.23
+2.38
+1.13
–2.51
+1.84
–9.03
+20.90
+2.28
–1.67
+3.68
+0.88
+0.02
+0.12
–0.11
–0.38
+0.15
+1.63
+0.33
...
+1.18
+0.87
+0.22
–0.01
+0.63
+0.66
+0.49
+0.60
+0.26
+0.61
+0.57
+0.56
+0.61
+0.37
–0.93
+0.29
+0.31
–0.02
+0.59
–0.47
+0.02
–0.10
+0.04
–0.21
+0.19
+0.04
+0.01
+0.11
+0.09
+0.30
+0.70
+0.42
+0.03
+0.05
...
+1.15
+0.19
+0.12
–0.16
+0.12
+0.44
+0.80
+0.24
+0.55
+1.02
–0.13
+0.57
+0.79
+0.73
+1.21
+0.50
+0.04
+0.52
+0.43
–0.65
+0.18
+2.09
+1.34
+0.33
+0.45
+0.11
+0.25
+1.00
+0.45
+0.80
+1.79
+0.44
+0.95
+1.03
+0.56
+0.87
+0.44
+0.24
+0.20
+0.76
...
+0.66
...
+0.80
+0.07
+0.13
+0.08
–0.02
+0.14
+0.43
+0.20
+0.12
+0.10
–0.14
+0.25
–0.34
+0.28
+0.09
–0.11
+0.39
+0.72
+0.07
–0.22
–0.04
.5944
1.2364
1.888
1.5417
.4646
.6505
.1162
.775
.0885
1.0929
.037
.673
.4915
.9354
.6472
...
...
...
...
...
...
...
...
.319
.0204
.0862
.2972
.0723
.0832
.097
.6003
.1167
.0609
.0177
.0418
.0173
.0352
.2451
.0236
.0262
.0165
.0395
.6822
.0409
.16
...
.065
.2534
.5515
.098
.11
.0311
...
...
.0563
...
...
...
.1173
.2848
.2295
.1857
.07
.0322
.3011
.1583
.0712
.1344
.8693
.3811
...
.0264
.3601
.3252
.145
.3292
.3263
.3602
.556
.3555
.3225
.4923
.1261
.2635
.1977
.6474
.4945
.156
.138
.1655
.3044
.3421
.1309
.1457
.3414
.1427
.1016
.3419
.1508
.424
.5479
.189
.2173
.2619
...
.2953
...
.3024
.3476
.2093
.5357
.0114
.3809
.1076
.3315
.2658
.1309
.0745
.0274
.471
...
.7309
.0586
.1615
.1537
...
.2189
.13
January 15, 2018
BARRON’S
M27
Foreign Markets
Complete FOREIGN EXCHANGE LIST: Page M38
Europe
Asia
GLOBAL STOCK MARKETS
Europe Rises: Stocks gained across the region,
paced by Italy’s nearly 3% jump.
S&P Europe BMI
0.31%
Italy
2.77
Greece
2.67
Sweden
1.14
Belgium
1.13
Norway
0.86
U.K.
0.56
Spain
0.54
France
0.50
Finland
0.17
-0.06 Netherlands
-0.08
-0.41
-0.75
Switzerland
Germany
In Local Currencies
Week's
% Chg.
Index
1.0
0.2
–0.7
2.3
0.6
–0.2
–0.9
0.1
0.6
–0.5
2.8
0.7
–2.3
3.0
–0.2
0.1
–3.7
0.8
–0.6
0.8
0.9
1.2
–0.2
0.8
1.6
The World
E.A.F.E.2
Australia
Austria
Belgium
Canada
Denmark
Finland
France
Germany
Greece
Hong Kong
Ireland
Italy
Japan
Netherlands
New Zealand
Norway
Portugal3
Singapore
Spain
Sweden
Switzerland
U.K.
U.S.A.
1/12
1641.5
1194.3
1222.1
717.7
1261.8
2096.6
8510.0
681.6
1977.7
1082.5
70.2
17771.4
232.7
794.5
1111.2
1679.6
130.7
3062.8
92.7
1873.1
1006.5
12902.7
1268.5
2255.2
2651.3
52-wk Range
1641.5– 1376.4
1197.9– 1037.8
1234.5– 1135.7
718.9– 505.7
1319.9– 1171.4
2108.9– 1905.7
8678.9– 7228.1
734.2– 614.3
1983.5– 1695.1
1094.3– 959.9
74.1– 52.6
17777.2– 13681.8
242.9– 209.1
794.5– 636.6
1121.0– 873.0
1693.1– 1421.5
137.7– 125.8
3069.9– 2495.3
93.3– 82.1
1874.2– 1546.9
1058.5– 876.4
13247.4– 11665.3
1279.0– 1091.8
2255.2– 2065.6
2651.3– 2156.1
Denmark
In U.S. Dollars
Week's
% Chg.
1.3
1.2
–0.3
3.3
1.6
–1.1
0
1.1
1.6
0.4
3.8
0.7
–1.4
3.9
1.6
0.9
–2.7
2.0
0.3
0.8
1.8
1.7
0.2
1.7
1.6
Week’s
%Chg.
Year-to-Date
Chg.
% Chg.
Most Recent
Close
Week’s
%Chg.
Year-to-Date
Chg.
% Chg.
+16.52 +3.03
Mexico City IPC
49135
Athens General
851.12 +2.58
+48.75 +6.08
Milan FTSE All Share
25845 +2.72 +1653.83 +6.84
1810.19 +0.82
+56.48 +3.22
Moscow RTS
Bombay Sensex
34592 +1.28
+535.56 +1.57
Oslo Composite
Brussels Bel-20
4164.12 +1.64
+186.24 +4.68
32719 +1.64 +2654.09 +8.83
Colombo All Share
6473.62
–0.63
+104.36 +1.64
Copenhagen OMX 20
1029.65
–0.95
+5.43 +0.53
Dublin ISEQ
7074.44
–1.39
+36.16 +0.51
EURO STOXX SXXE
EURO STOXX 50 SXSE
Frankfurt DAX
Helsinki OMHX
Hong Kong Hang Seng
+106.64 +9.24
938.52 +0.99
+31.54 +3.48
Paris CAC
5517.06 +0.85
+204.50 +3.85
Santiago Selective
4337.73 +0.67
+126.89 +3.01
Sao Paulo Bovespa
79349 +0.35 +2947.04 +3.86
Seoul Composite
2496.42
–0.04
+28.93 +1.17
Shanghai Composite
3428.94 +1.10
+121.77 +3.68
1202.30 +0.87
+38.86 +3.34
+108.65 +3.10
Singapore FTSE STI
3520.56 +0.89
+117.64 +3.46
–0.56
+327.39 +2.53
Stockholm OMXS
589.59 +1.12
+20.80 +3.66
9774.44 +0.53
+302.88 +3.20
STOXX Europe 50 SXSP
3242.88 +0.33
+65.04 +2.05
31412 +1.94 +1493.39 +4.99
STOXX Europe 600 SXXP
398.49 +0.29
+9.31 +2.39
+13.36 +3.47
3612.61 +0.14
13245
114644
–1.71
–688.39 –0.60
Sydney S&P/ASX 200
Jakarta Composite
6370.07 +0.26
+14.41 +0.23
Taipel Weighted
Johannesburg All Share
60083 +0.61
+578.46 +0.97
Tel Aviv 125 Index
Kuala Lumpur Composite
1822.67 +0.26
+25.86 +1.44
LISBON PSI
3089.46 +0.23
+119.91 +4.04
London FTSE - 100
7778.64 +0.70
+90.87 +1.18
10462 +0.49
8814.62 +0.51
Manila Composite
–218.51 –0.44
1261.07 +3.38
Istanbul IMKB
Madrid IBEX 35
–1.51
Shenzhen B Share Idx
398.86 +0.37
S&P Pan Asia BMI
0.29%
China
1.67
India
1.07
Hong Kong
0.93
Thailand
0.89
Singapore
0.83
Philippines
0.49
South Korea
0.35
Malaysia
0.35
Indonesia
0.09
-0.06 Taiwan
-0.14
-0.82
-2.65
Japan
Australia
New Zealand
Source: S&P DJ Indices
S&P Global Broad Market Indices
561.10 +0.53
Buenos Aires Merval
52-wk Range
2185.3– 1776.0
2126.1– 1712.2
863.6– 764.5
1647.0– 1018.9
1922.9– 1565.9
1833.1– 1545.2
10441.9– 7840.9
558.1– 440.4
2030.4– 1532.2
2459.8– 1918.2
31.7– 20.9
12631.6– 9796.4
218.7– 179.6
311.5– 217.2
3630.1– 2872.0
3319.9– 2499.9
153.1– 130.8
2750.4– 2053.0
73.8– 57.9
4339.9– 3340.6
514.3– 393.4
8341.4– 6730.7
5608.9– 4662.4
1286.3– 1071.1
2651.3– 2156.1
Indexes based on S&P Global Broad Market Indices
Amsterdam AEX
Bangkok SET
1/12
2185.3
2126.1
861.1
1647.0
1899.5
1812.3
10407.3
549.2
2030.4
2459.8
31.6
12623.5
215.5
311.5
3599.6
3319.9
143.7
2750.4
73.8
4339.9
514.3
8234.9
5608.9
1286.3
2651.3
Source: S&P DJ Indices
KEY FOREIGN STOCK MARKET INDEXES
Most Recent
Close
China Leads: The Dragon Kingdom’s stocks
gained 1.7%, pushing Asia 0.3% higher.
1
Base Jan. 1, 1970=1001Adjusted for foreign exchange fluctuations relative to the U.S. $.
2Europe, Australasia, Far East Index.3Base: Jan. 1, 1988=100.
Source: Morgan Stanley Capital International Perspective, Geneva.
Indexes based on S&P Global Broad Market Indices
For personal Do not edit or alter. Reproductions not permitted.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or
Key Cross Rates $1=€0.8197, ¥111.04, £0.7285
6070.10
–0.85
+5.00 +0.08
10883 +0.04
+241.10 +2.27
1392.41
–0.03
+28.05 +2.06
Tokyo Nikkei-225
23653
–0.26
+888.88 +3.90
Toronto S&P/TSX
16308
–0.25
+99.05 +0.61
Vienna ATX
3599.28 +1.36
+179.14 +5.24
+418.50 +4.17
Wellington S&P/NZX 50
8242.35
–2.52
–155.73 –1.85
+256.20 +2.99
Zurich Swiss
9546.61
–0.11
+164.74 +1.76
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.
Region/
Country
S&P Global
Indexes,
Local Curr.
01/12/18
Americas
Brazil
821.71
Canada
504.03
Chile
438.92
Mexico
815.67
U.S.
28806.69
Latin America
Europe
Austria
368.57
Belgium
428.90
Denmark
1668.53
Finland
1432.42
France
412.19
Germany
521.88
Greece
23.25
Ireland
661.67
Italy
236.67
Netherlands
579.04
Norway
616.04
Portugal
67.16
Russia
1847.42
Spain
472.25
Sweden
1129.67
Switzerland
561.77
United Kingdom
312.26
South Africa
994.00
Pacific Region
Australia
430.06
China
554.80
Hong Kong
528.98
India
1101.11
Japan
146.05
Malaysia
286.50
New Zealand
279.46
Philippines
451.05
Singapore
195.90
South Korea
941.78
Taiwan
107.84
Thailand
401.72
Euro Zone
Europe Developed (ex U.K.)
Europe (Nordic)
Pacific (ex. Japan)
World (ex US)
S&P Global Broad Market Indices
GLOBAL DOW
Wkly
% Chg.
—
—
—
—
—
—
—
—
—
—
—
—
—
0.22
0.25
0.65
1.39
1.61
1.47
1.13
0.75
0.17
0.50
0.41
2.67
1.39
2.77
0.06
0.86
0.41
2.27
0.54
1.14
0.08
0.56
0.77
0.82
1.67
0.93
1.07
0.14
0.35
2.65
0.49
0.83
0.35
0.06
0.89
S&P Global
Indexes,
U.S. $
01/12/18
310.82
285.36
512.12
318.97
346.03
28806.69
300.96
424.29
371.59
432.41
1706.14
1444.16
415.57
526.15
25.66
667.10
238.61
583.79
540.47
74.11
246.94
476.12
987.11
844.38
283.05
388.84
255.67
492.65
667.42
524.51
679.26
163.82
188.81
394.21
357.33
241.11
1499.09
119.00
605.20
160.27
537.59
1025.15
348.06
225.74
266.41
3224.51
Wkly
% Chg.
—
—
—
—
—
—
—
—
1.43
0.86
1.15
0.99
0.10
1.61
0.60
1.23
2.40
2.05
0.11
1.08
1.42
0.50
3.61
0.48
3.71
0.86
2.05
0.50
2.93
1.46
1.60
0.34
1.48
1.50
0.98
0.41
1.64
0.88
0.66
1.58
1.01
1.63
0.52
0.80
0.14
0.39
1.68
1.32
1.13
1.19
0.58
0.92
1.27
1.57
SP Global
Indexes,
U.S. $ on
12/31/17
Point
Chg.
From
12/31/17
299.01
267.12
507.31
303.58
337.46
27673.19
285.23
409.54
348.26
411.45
1675.45
1388.05
397.59
506.24
23.96
655.04
220.77
565.12
510.22
70.48
226.40
452.36
942.11
826.65
276.79
393.44
245.91
487.44
623.20
512.79
664.05
156.70
181.42
394.69
350.41
230.74
1460.38
115.90
576.86
153.19
516.33
985.43
336.01
217.84
256.49
3086.45
11.81
18.24
4.81
15.39
8.56
1133.50
15.73
14.75
23.32
20.96
30.69
56.11
17.99
19.91
1.70
12.06
17.83
18.66
30.24
3.63
20.54
23.76
45.00
17.72
6.26
—
4.60
9.77
5.21
44.21
11.72
15.21
7.12
7.39
—
0.48
6.92
10.38
38.71
3.10
28.34
7.08
21.26
39.71
12.05
7.90
9.91
138.05
% Chg.
From
12/31/17
3.95
—
—
6.83
0.95
5.07
2.54
4.10
5.51
3.60
6.70
5.09
1.83
4.04
4.52
3.93
7.09
1.84
8.08
3.30
5.93
5.15
9.07
5.25
4.78
2.14
2.26
1.17
3.97
1.07
7.09
2.29
2.29
4.54
4.08
0.12
1.97
4.50
2.65
2.68
4.91
4.62
4.12
4.03
3.59
3.63
3.86
4.47
s2018 S&P Dow Jones Indices. All Rights Reserved.
M28
BARRON’S
January 15, 2018
Mutual Funds
Net YTD 3-Yr.
NAV Chg. % Ret. % Ret.
For personal Do not edit or alter. Reproductions not permitted.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or
A
AB Funds:
IntDurInstl
14.98 -0.03
IntlStraEquPtZ 13.35 0.07
MuniIncmShares 11.57 -0.07
AB Funds - A:
BalWlthStrA p 15.05 0.02
GlobalBondA p 8.39 -0.02
GrowthA p
76.80 1.00
HighIncomeA p 8.89 0.01
LgCpGrA p
50.17 0.74
NtlMuA p
10.27 -0.05
RelatValA p
6.04 0.09
SmMdCpGrA p 11.31 0.19
SustGlblThemGrA p 120.79 0.40
AB Funds - ADV:
GlbBd
8.38 -0.02
HiIncmAdv
8.90 0.01
IntlSmCapPtADV 13.31 0.12
IntlStraEquPtADV 13.33 0.07
IntmedDivMuni 14.28 -0.03
LgCpGrAdv
54.49 0.80
SelectUSLgShrt 13.11 0.12
SmCapCorePortADV 12.37 0.29
SmMdCpGr
12.07 0.21
SmMidCpValAdv 24.25 0.53
TxMgdWlthAppAdv 16.82 0.19
WlthApprStr
16.93 0.19
AB Funds - C:
HighIncomeC p 8.99 0.01
AB Funds - I:
GlbBd
8.38 -0.02
AB Funds - K:
AllMktRtrn1
9.05 0.08
Aberdeen Fds:
EmMktEqty Inst 16.81 0.12
USSmCapEq Inst 39.41 0.56
Acadian Emerging Markets:
AcadnEm Inv 23.29 0.08
AdvisorTwo:
FrTRInst
10.41 -0.01
AIG Funds:
FDivStII t
18.98 0.23
Akre Funds:
AkreFocusInst 34.05 0.15
AkreFocusRtl 33.40 0.15
Alger Funds A:
CapApr
26.01 0.40
21.71 0.35
SpectraN
Alger Funds Inst:
CapApprI
34.20 0.53
Allianz Fds Admin:
RCMTechI
73.83 1.26
Allianz Fds Instl:
NFJDivVal
15.86 0.28
SmCpVl
25.19 0.49
Allianz Funds A:
NFJDivVal t
15.74 0.28
SmCpV A
22.51 0.44
Alpine Funds:
TxOptInc
10.04 0.01
Amana Income:
AmanaIncm n 52.53 0.23
AmanaGrowth n:
AmanaGrowth n 36.42 0.34
Amer Beacon Insti:
IntlInst
21.83 0.35
LgCapinst
30.64 0.67
LgCpVal Inst
29.85 0.65
SmCpInst
28.64 0.75
Amer Beacon Inv:
LgCapInv
28.47 0.62
SmCapInv
27.59 0.72
American Century A:
EqIncA p
9.14 0.09
MdCapVal p
18.04 0.24
American Century C:
EqIncC p
9.14 0.09
American Century G:
GlBond
10.22 -0.01
InfAdjBd
11.57 -0.05
NT MdCapVal 14.00 0.19
NTCoreEquityPlus 17.49 0.27
NTDvBnd
10.71 -0.02
NTEqGrp
14.26 0.23
NTGrwth
18.25 0.35
NTHeritage
14.63 0.23
NT IntlGr
12.79 0.16
NTIntlVal
10.87 0.24
12.03 0.19
NTLgVal
American Century I:
DivBnd
10.73 -0.02
EqInc
9.15 0.09
Growth
35.20 0.67
IntTF
11.31 -0.04
-0.4 7.1
4.3 NS
-0.6 15.7
1.5
-0.2
4.7
0.9
5.0
-0.4
3.6
4.1
2.9
18.2
8.0
56.7
20.2
58.3
7.8
40.4
45.3
50.7
-0.2
1.0
3.8
4.3
-0.1
5.0
2.5
4.4
4.2
4.1
4.0
3.9
8.8
21.2
NS
NS
NS
59.5
20.7
NS
46.4
42.2
35.7
33.9
0.8 17.4
-0.2
8.9
2.3
8.8
4.2 31.6
2.0 56.6
4.0 32.8
-0.2
9.1
2.2 38.7
3.1 54.9
3.1 53.7
5.5 49.3
5.5 49.6
5.5 49.4
7.5 77.2
4.0 31.6
3.9 34.9
4.0 30.2
3.9 33.4
0.1
2.2
2.6 34.4
4.2 46.8
4.5
5.1
4.5
4.5
31.2
37.0
41.7
41.6
5.1 35.7
4.5 40.3
2.6 39.5
3.1 41.1
2.6 36.5
0.0
-0.5
3.2
5.4
-0.4
4.7
5.5
4.7
4.2
5.4
4.1
NS
NS
43.6
35.0
5.5
36.8
51.7
37.6
32.6
NS
31.3
-0.3
2.6
5.5
-0.3
5.5
41.4
52.0
6.5
Net YTD 3-Yr.
NAV Chg. % Ret. % Ret.
18.09
MdCapVal
OneChoice2020 12.75
OneChoice2025 15.17
OneChoice2030 13.29
OneChoice2035 16.66
OneChoice2040 14.09
OneChoice2045 17.77
Value
9.33
American Century Inv:
AllCpGr n
34.77
Balanced n
19.32
CaHYMu n
10.61
11.85
CAIntTF n
DivBnd n
10.73
EmgMkt nr
12.89
33.92
EqGro n
EqInc n
9.14
GinnieMae n
10.39
34.61
Grwth n
Heritage n
23.52
IncGro n
40.90
InfAdjBd n
11.58
InfProBd n
10.14
Intl Gr n
13.81
IntTF n
11.31
LgComVal n
10.64
MdCapVal n
18.08
OneChAgg n
17.51
OneChCon n
14.04
OneChMod n
16.30
OneChoice2020 n 12.76
OneChoice2025 n 15.17
OneChoice2030 n 13.30
OneChoice2035 n 16.65
OneChoice2040 n 14.10
OneChoice2045 n 17.76
OneChoiceRet n 13.54
Real n
26.88
Select n
73.32
SmallCo n
16.16
SmCpVal n
9.01
Ultra n
45.84
Value n
9.31
American Century R6:
EqInc
9.16
Growth
35.16
18.09
MdCapVal
American Century Y:
IntTF
11.31
DivBnd
10.73
American Funds Cl A:
2010TarRetA p 11.06
2015TarRetA p 11.77
2020TarRetA p 12.79
2025TarRetA p 13.76
2030TarRetA p 14.83
2035TarRetA p 15.34
2040TarRetA p 15.74
2045TarRetA p 16.00
2050TarRetA p 15.67
AmcpA p
33.07
AMutlA p
42.04
BalA p
27.74
BondA p
12.82
CapIBA p
63.85
CapWA p
20.14
CapWGrA
53.12
EupacA p
58.52
FdInvA p
65.00
GBalA p
33.36
GovtA p
13.58
GwthA p
52.08
HI TrA p
10.43
HiInMuniA
15.89
ICAA p
41.94
IncoA p
23.85
13.28
IntBdA p
IntlGrIncA p
36.34
LtdTEBdA
15.64
N PerA p
45.18
NEcoA p
46.85
NwWrldA
69.36
SmCpA p
57.86
STBFA p
9.88
STTxExBdA
10.07
TECAA p
17.65
TxExA p
12.97
WshA p
47.45
AMG Funds:
RRDivAcValI
12.99
AMG Managers Funds:
Brandywine I n 49.17
FairpointeMdCpI 45.86
FairpteMCpN 44.71
GWKMBd I
11.61
LoomisSaylesBd I 26.99
LoomisSaylesBd N n 26.99
0.25
0.08
0.11
0.11
0.15
0.14
0.20
0.17
0.63
0.18
-0.06
-0.05
-0.01
0.03
0.55
0.09
-0.02
0.65
0.36
0.64
-0.05
-0.01
0.17
-0.04
0.17
0.25
0.20
0.10
0.15
0.09
0.11
0.11
0.15
0.15
0.20
0.08
-0.67
1.01
0.42
0.15
0.87
0.17
3.2
1.9
2.2
2.4
2.7
3.0
3.4
4.4
5.3
2.7
-0.6
-0.3
-0.3
4.5
4.7
2.6
-0.3
5.5
4.6
4.1
-0.6
0.0
4.1
-0.3
4.1
3.2
3.5
2.0
2.8
1.9
2.2
2.4
2.7
3.1
3.4
1.8
-4.7
4.6
5.0
3.2
5.6
4.4
43.1
19.3
21.4
23.5
25.6
27.9
30.3
33.2
46.6
22.4
12.5
6.0
4.9
50.3
36.3
40.6
2.6
51.0
36.2
35.8
4.2
3.3
31.8
5.8
31.5
42.2
31.5
18.4
25.3
18.7
20.6
22.8
24.9
27.1
29.6
17.4
2.5
55.0
32.3
42.8
56.2
32.4
0.09 2.6 42.1
0.67 5.5 52.7
0.25 3.3 43.7
-0.04 -0.3
-0.02 -0.3
NS
NS
0.05
0.06
0.08
0.12
0.15
0.17
0.19
0.21
0.20
0.64
0.45
0.20
-0.04
0.34
0.11
0.64
0.65
1.10
0.33
-0.04
0.93
-0.02
-0.08
0.62
0.19
-0.02
0.46
-0.02
0.64
0.62
0.54
0.78
-0.01
-0.01
-0.09
-0.06
0.75
1.4
1.6
1.8
2.4
2.8
3.4
3.6
3.7
3.8
5.0
3.0
2.2
-0.5
1.6
0.9
3.9
4.1
4.5
2.6
-0.6
5.1
0.7
-0.4
3.8
2.1
-0.3
3.9
-0.1
4.7
5.0
3.6
3.7
-0.2
0.0
-0.5
-0.4
3.9
18.3
19.8
22.6
26.6
31.8
36.0
37.6
38.5
38.9
42.9
36.0
31.3
4.7
21.1
5.7
36.8
37.4
52.6
21.0
2.2
54.5
16.0
13.6
42.5
26.5
2.0
25.2
3.4
46.8
50.0
34.9
44.0
1.8
1.8
8.0
7.9
43.6
0.26
3.8 31.6
0.91
0.91
0.89
-0.05
0.00
0.00
5.4
4.7
4.7
-0.4
0.1
0.1
42.2
35.6
34.6
6.5
9.6
9.3
Data provided by
Net YTD 3-Yr.
NAV Chg. % Ret. % Ret.
CASH TRACK
Take Cash: Money funds had $2.9 billion in net outflows based on the latest four-week
moving averages and equity funds saw $1.2 billion leave, according to Lipper. Taxablebond funds enjoyed $6.3 billion in inflows and muni-bond funds reaped $225 million.
Equity Funds
8300
Nov
Dec
Municipal Bond Funds
4300
525
300
330
-3700
135
-7700
-60
Jan
Nov
Money Market Funds
720
20600
Dec
Jan
Taxable Bond Funds
8400
12500
5800
4400
3200
-3700
Nov
Dec
Jan
600
Nov
Dec
Jan
The charts above show four-week moving averages of net cash flow in millions of dollars.
Net YTD 3-Yr.
NAV Chg. % Ret. % Ret.
M&C Growth I 20.59 0.25
SkylineSpcEqFd N n 45.94 1.23
SouthSunUSEq I 15.15 0.41
TSSmCapGrFd Z 19.63 0.29
TSSmCpGrFd Z 17.82 0.22
YachtmanFocFd I 21.42 -0.06
YacktFocFd N n 21.45 -0.07
YacktmanFd I n 23.34 0.08
Angel Oak Funds Trst:
AglOkMtiStFdClIn 11.25 0.00
AQR Funds:
EqMktNeut I
12.34 NA
LgCapDefStyle I 19.46 NA
LgCapMomStyle I 22.47 NA
LgCpMultiStyle R 18.21 NA
14.19 NA
LngShrtEq I
14.22 NA
LngShrtEq R
MgdFutStrI
9.37 NA
MgdFutStrN
9.24 NA
MgdFutStr R
9.38 NA
MultiStrAltI
9.19 NA
MultiStratAlt R 9.20 NA
SmCpMultiStyle R 15.37 NA
StylePremAlt I 10.48 NA
StylePremAlt R 10.50 NA
Aquila Funds:
HI TF A
11.27 -0.03
ArbitrageI n:
ArbitrageI n
13.10 0.03
Ariel Investments:
ApprecInv pn 50.62 1.31
Ariel Inv pn
74.33 2.27
Artisan Funds:
GblOppInst
27.15 0.37
26.88 0.37
GblOppInv n
18.83 0.26
GblValInv n
Intl Inv n
35.02 0.69
35.20 0.69
IntlInst
39.80 0.39
IntlVal Inst
IntlVal Inv n
39.68 0.39
MidCapInst
43.55 0.85
MidCapInv n
40.00 0.78
MidCapVal Inv n 23.79 0.51
Ashmore Funds:
EmgMktTRInst 8.35 NA
AT Disciplined Equity Ins:
ATDispEqInst n 20.18 0.45
Ave Maria Funds:
RisingDivd n
19.27 0.37
4.5
4.5
5.6
4.0
2.8
1.6
1.5
2.1
34.4
33.5
26.5
40.4
39.3
30.7
30.0
28.3
0.1 12.6
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
-0.1
3.3
0.2
7.8
5.7 31.5
6.2 39.5
4.5
4.5
3.6
5.1
5.1
2.8
2.7
5.0
5.0
4.7
57.4
56.3
37.3
20.4
21.3
35.1
34.2
30.9
30.0
32.8
NA
NA
5.3 45.1
4.5 35.1
B
Baird Funds:
AggBdInst
10.82 -0.02 -0.5
6.7
Net YTD 3-Yr.
NAV Chg. % Ret. % Ret.
CorBdInst
11.18
IntBdInst
10.97
QualIntMunBdInst 11.51
ShtTBdInst
9.63
Baron Funds:
Asset n
71.45
EmergingMkts n 15.92
70.02
Growth n
Partners n
51.77
SmallCap n
29.06
Baron Instl Shares:
73.89
AssetInst
EmergingMktsInst 15.96
GrowthInst
71.98
PartnersInst
52.82
RealEstateInst 30.19
SmallCapInst 30.10
BBH Funds:
21.72
CorSelN n
Bernstein Fds:
14.19
Ca Mu n
DivrMuni n
14.29
34.18
EmMkts n
IntlPort n
19.16
IntmDur n
13.14
13.93
NY Mun n
TxMgdIntl n
19.16
BerwynFd:
BerwynIncm n 13.57
BlackRock Funds A:
15.33
AdvLCGrwA
AdvLgCapCore p 16.55
26.98
BasicVal
CapAppr
27.51
23.33
EqtyDivd p
FloRateIncPortA 10.21
20.17
GlblAlloc p
HiYInvA
7.84
HlthScOp p
56.04
LowDurBdA
9.58
MultiAstIncome 11.19
NatlMuni p
10.89
StratMuniOpp 11.71
StrtIncOpptyInvA 10.04
11.68
TotRet
BlackRock Funds Blrk:
CoreBd
9.58
HiYBlk
7.85
BlackRock Funds C:
22.51
EqtyDivd t
GlblAlloc t
18.21
HlthScOp
49.39
MultiAstIncome 11.17
StratIncOpptyInv 10.03
-0.01
-0.01
-0.03
-0.01
-0.4
-0.4
-0.1
-0.1
8.2
5.3
4.1
4.3
1.64
0.16
1.52
2.25
0.24
4.8
3.8
3.5
6.2
2.5
44.1
34.8
35.5
44.9
38.6
1.70
0.16
1.57
2.30
0.05
0.25
4.9
3.8
3.5
6.2
0.6
2.6
45.3
35.8
36.5
46.0
24.2
39.7
0.41
4.1 34.3
-0.02
-0.03
0.12
0.20
-0.03
-0.03
0.20
-0.1 3.9
-0.1 3.9
5.0 34.5
3.9 35.8
-0.4 6.9
-0.1 4.4
3.9 35.6
0.07
1.1 10.6
0.28
0.32
0.38
0.55
0.15
0.01
0.08
-0.02
0.72
0.00
0.03
-0.05
-0.04
0.04
0.00
5.2
4.7
3.9
6.3
2.7
0.3
2.4
0.7
4.5
0.1
1.2
-0.5
-0.2
0.9
-0.1
46.6
44.0
27.9
52.8
40.9
12.3
20.1
18.2
32.1
3.7
15.5
7.4
11.3
8.1
5.8
-0.01 -0.3 5.1
-0.01 0.8 19.7
0.15
0.08
0.62
0.02
0.03
2.7
2.4
4.4
1.2
0.9
37.9
17.5
29.2
12.9
5.7
About our Funds
The listings include the top 2500 open-end funds by assets. These funds value their portfolios daily and report net
asset va lues (the dollar amount of their holdings divided by the number of shares outstanding) to the National
Association of Securities Dealers. Total returns reflect both price changes and dividends; these figures assume that
all distributions are reinvested in the fund. Because Lipper is constantly updating its database, these returns may
differ from those previously published or calculated by others. 3 year returns are cumulative. The NAV is the last
BARRON'S • Lipper FMI
Net YTD 3-Yr.
NAV Chg. % Ret. % Ret.
BlackRock Funds III:
iShS&P500IdxK 329.77
iShUSAggBdIdxK 10.09
BlackRock Funds Inst:
27.28
BasicVal
12.71
CAInsMun
CoreBd
9.56
EqtyDivd
23.40
FloRateIncPorIns 10.21
20.29
GlblAlloc
GlobLg/ShrtCrIns 10.40
HiYldBd
7.85
58.67
HlthScOp
InflProtBdInst 10.65
iShMSCIIntldx 14.69
LowDurI
9.58
MultiAstIncome 11.20
NatlMuni
10.88
StratIncOpptyIns 10.04
StratMuniOppI 11.71
TotRet
11.67
BlackRock Funds R:
23.51
Equity Div p
19.21
GlblAlloc
BMO Funds:
11.71
CorePlBdI
11.26
IntrTaxFree I
11.26
IntTxFY n
UltrShtTxFrI
10.06
BNY Mellon Funds:
12.65
BondFd
EmgMkts
12.59
IncomeStk
9.71
14.56
IntlFd
12.44
IntmBdFd
MCMultiStrM 18.10
NtlIntmMuni
13.46
12.71
NtlShTMuni
Bridge Builder Trust:
10.12
CoreBond
CorePlusBond 10.05
12.26
Intl Eq
LargeCapGrowth 13.28
LargeCapValue 12.66
MunicipalBond 10.16
S/MCapGrowth 12.96
S/MCapValue 12.35
Bridgeway Funds:
15.28
BChip35 n
BroadviewOpp n:
BroadviewOpp n 36.27
Brown Advisory Funds:
21.97
GrowEqInv n
BrownSmCoInv n:
3.05 3.6 45.1
-0.01 -0.4 4.9
0.39
-0.05
-0.01
0.16
0.01
0.09
0.02
-0.01
0.75
-0.04
0.07
0.00
0.03
-0.06
0.04
-0.05
-0.01
3.9
-0.3
-0.2
2.8
0.3
2.4
0.5
0.8
4.5
-0.6
3.6
0.1
1.2
-0.5
0.9
-0.2
-0.2
28.9
11.6
5.0
42.0
13.2
21.1
6.6
19.5
33.2
3.6
32.5
4.5
16.4
8.1
9.0
11.9
6.8
0.16
0.08
2.8 39.6
2.4 18.9
-0.02
-0.04
-0.04
0.00
-0.2 8.7
-0.3 7.3
-0.3 6.5
0.0 2.3
-0.03
0.06
0.18
0.26
-0.01
0.35
-0.06
0.00
-0.5
5.1
3.7
5.2
-0.2
4.5
-0.3
0.0
5.8
37.7
42.6
37.5
3.8
36.9
5.8
1.4
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NS
NS
NS
NS
NS
NS
NS
0.28
4.9 45.2
0.79
5.0 27.8
0.46
5.6 46.0
Net YTD 3-Yr.
NAV Chg. % Ret. % Ret.
BrownSmCoInv n
BruceFund n:
BruceFund n
Buffalo Funds:
BuffBal n
DiscFd n
SmCap n
93.51 1.69
4.8 64.8
524.84 -1.94 -0.1 19.5
16.05 0.25
25.44 0.47
15.21 0.20
2.9 26.9
5.0 48.7
3.8 37.5
C
Calamos Funds:
33.50
Gr&IncA p
Gr&IncC t
33.67
34.30
GrowthA p
13.36
MktNeutA p
MktNeutI
13.21
Calvert Investments:
44.91
InvEq p
Cambiar Funds:
29.86
IntlEqInv r
Carillon Eagle:
62.58
SmCpGrA p
Carillon Reams:
CorePlBd I n
31.64
UnconstrndBd I n 11.79
Carillon Scout:
22.51
Intl I n
MidCap I nr
19.87
CausewayInst :
CausewayInst 17.98
CausewayInv n:
CausewayInv n 17.86
CG Cap Mkt Fnds:
CoreFxIcm n
8.08
13.56
IntlEq n
LgCapEq n
20.31
Sm-MdCapEq n 21.57
CGM Funds:
56.53
Focus n
33.23
Realty n
ChamplainSmCo pn:
ChamplainSmCo pn 20.31
ClearBridge:
AggressGrowthA 216.11
AggressGrowthC 173.46
AggressGrowthI 238.29
AggressGrowthIS 240.76
AllCapValueA 15.21
AppreciationA 24.52
AppreciationI 24.35
AppreciationIS 24.42
DividendStrat1 n 24.29
DividendStratA 24.27
DividendStratI 24.90
0.53
0.53
0.72
0.06
0.07
4.5
4.5
5.6
1.0
1.1
34.5
31.4
37.3
12.3
13.2
0.75
4.7 41.9
0.65
5.1 38.1
1.39
5.0 43.4
-0.04 -0.4 6.5
0.00 -0.1 8.9
0.25
0.37
4.8 36.1
4.5 57.5
0.28
3.8 31.2
0.28
3.8 30.3
-0.01
0.21
0.34
0.40
-0.4 6.0
4.5 34.0
4.6 41.1
3.9 27.3
1.62
0.42
6.0 44.2
3.2 36.3
0.19
2.1 47.2
5.53
4.42
6.12
6.19
0.28
0.35
0.34
0.35
0.29
0.28
0.29
6.2
6.2
6.3
6.3
4.6
3.9
3.9
3.9
3.2
3.2
3.2
25.2
22.6
26.4
26.8
38.9
39.3
40.5
40.9
37.6
36.4
37.6
LargeCapGrowthA 42.90
LargeCapGrowthI 47.49
LargeCapValueI 34.56
MidCapA
34.33
38.06
MidCapI
SmallCapGrowthA 34.14
SmallCapGrowthI 36.35
SmallCapGrowthIS 36.70
Clipper:
ClipperFd n
127.11
Cohen & Steers:
InstlRlty
41.25
PrefSecIncmA 14.15
PrefSecIncmC 14.07
PrefSecIncnI
14.18
RltyIncA p
14.12
RltyIncI
14.86
RltyShs n
61.34
Colorado BondShares:
ColoradoBdShs 9.04
Columbia Class A:
AcornA t
13.57
AMTTEBd
4.04
BalancedA t
42.48
BldrAggrsv
13.95
BldrMod p
11.93
ContCoreA p
26.80
DisplCoreA p 12.41
DivIncA t
22.64
DivOpptyA
9.96
DivrEqInc A
15.06
EqValA
14.85
FocEqA w/ t
18.49
Gbl Stgic Eq A p 16.22
GlobTech
41.45
HiYldBd
2.97
IncmBldr t
12.13
LgCpGrowA t 41.88
LgCpIdx pn
51.66
LiGoBalA p
13.40
MdCpIndxA pn 17.12
MdCpVlOpp p 10.52
MidCapGthA t 26.70
MidCpValA
13.96
SelgComuInfoA 74.60
SmCpIdxA pn 25.58
14.10
StrAlloc
StratIncA
6.05
TaxEA
13.58
TotReBdA t
9.01
Columbia Class Adv:
ContCore p
27.44
Columbia Class C:
Balanced
42.37
ContCore p
24.33
DivInc t
21.95
SelComunInfo t 51.62
Columbia Class I:
Acorn I n
16.16
48.40
AcornIntl I n
AltBeta I n
9.40
42.40
Balanced I n
ContCore I n
26.98
CorpIncm I n
10.27
DivIncom I n
22.66
DivOppty tn
10.01
HYMuni I n
10.61
IntmMunBd I n 10.46
LgCapGr n
17.60
LgCpGrow I n 43.44
LgCpIdx I n
51.92
MdCpIdx I n
17.04
MdCpVal I pn 14.00
MidCapGth I n 28.48
SelComunInfo tn 81.16
25.72
SmCpIdx I n
SmCpValII I n 18.67
StratInc I n
5.95
TaxEZ n
13.58
TotReBd I n
9.02
USGvtMtg tn
5.40
Columbia Class I2:
ContCore I2
27.41
DivIncom
23.00
MidCapIndx
17.38
SelLgCpGr t
18.19
SmCapIndx
26.27
Columbia Class I3:
ContCore I3 p 27.42
DivIncom
23.03
SelLgCpGr t
18.38
STBond
9.90
Columbia Funds:
UltShortBd
9.00
Commerce Funds:
Bond
19.90
Community Capital Tr:
0.76
0.83
0.57
0.27
0.29
0.79
0.84
0.85
5.6
5.6
4.2
2.7
2.7
4.1
4.1
4.1
56.3
57.8
34.1
30.8
32.1
34.9
36.2
36.7
3.10
5.5 57.3
-1.18
0.00
0.00
-0.01
-0.41
-0.43
-1.79
-4.8
0.1
0.1
0.1
-4.7
-4.7
-4.8
7.8
22.0
19.6
23.1
12.5
13.4
6.8
-0.01 0.0 12.8
0.19
-0.02
0.38
0.18
0.10
0.39
0.19
0.24
0.15
0.21
0.26
0.26
0.23
0.17
-0.01
0.04
0.59
0.81
0.14
0.26
0.21
0.42
0.13
0.23
0.53
0.12
0.01
-0.06
-0.01
5.0
-0.4
2.6
3.9
2.4
4.3
3.9
2.7
2.8
3.5
4.4
5.5
4.4
5.4
0.5
1.0
5.5
4.3
3.2
3.4
3.7
4.9
2.1
5.4
3.5
2.8
0.5
-0.4
-0.3
44.5
10.4
27.6
37.1
25.6
44.2
41.8
41.5
30.1
37.9
30.1
41.4
38.8
85.6
16.6
17.6
49.4
44.4
31.3
42.0
31.0
40.4
28.2
82.4
47.0
27.7
15.4
7.9
6.9
0.41
4.3 45.3
0.37
0.35
0.23
0.15
2.6
4.3
2.7
5.4
24.7
41.0
38.4
78.3
0.23
0.46
-0.06
0.38
0.40
0.00
0.24
0.16
-0.05
-0.05
0.32
0.61
0.83
0.26
0.14
0.45
0.26
0.53
0.40
0.01
-0.06
-0.01
-0.02
5.0
3.9
-0.4
2.6
4.3
-0.2
2.7
2.9
-0.2
-0.4
6.5
5.5
4.3
3.5
2.2
4.9
5.4
3.5
3.8
0.3
-0.4
-0.1
-0.1
45.7
33.7
NS
28.5
45.3
9.9
42.6
31.2
12.0
6.0
44.6
50.6
45.5
43.0
29.3
41.4
83.7
48.1
41.8
16.3
8.5
7.7
6.6
0.40
0.24
0.27
0.33
0.55
4.3
2.7
3.5
6.4
3.5
45.8
43.1
43.0
45.1
48.1
0.40
0.25
0.34
-0.01
4.3 46.0
2.7 43.3
6.5 45.3
-0.2 3.2
-0.01 -0.1
2.7
-0.05 -0.5
7.2
Net YTD 3-Yr.
NAV Chg. % Ret. % Ret.
CRAQualInvFd 10.50 -0.02 -0.4 3.1
Credit Suisse Common:
ComdtyRet r
5.05 0.04 0.6 -11.6
Cullen Funds:
HiDivEqI r
18.90 0.23 2.6 34.2
D
Davenport:
Val&Incm n
18.10
Davis Funds A:
Fincl A
53.86
36.23
NYVen A
Davis Funds C & Y:
NYVenC
32.89
NYVenY
37.02
Del Invest Instl:
CorpBdI
5.87
USGrw
27.09
22.34
Value
Del-Pooled Trust:
MondrianIntlEq 16.16
Delaware Invest A:
Diver Inc p
8.73
68.47
SmCpValA p
SMIDCapGrA p 23.19
Deutsche Funds:
80.62
CapGrth p
CapGrth n
81.38
28.80
CoreEq n
CROCIIntrFdS n 50.29
EqDivA
59.02
GblIncBldA
9.83
GNMA S n
13.63
HiIncA
4.80
12.24
HiYldTx n
IntTaxAMT n
11.74
MgdMuniA p
9.12
MgdMuniS n
9.13
S&P500S n
31.87
22.66
TechA
Diamond Hill Funds:
LgCapA p
27.53
LgCapI
27.70
LgCapY
27.73
27.32
LongShortI
SmCapI
37.32
SmMidCapI
23.12
Dimensional Fds:
2TGlFxd
9.88
5GlbFxdInc
10.84
CASTMuniBd 10.26
Cont
30.17
DFARlEst
33.48
EmgMkt
31.71
EmgMktSoCoEq 15.50
32.98
EmgMktVa
EmMktCorEq 24.13
EmMktSmCp 24.83
Fixd
10.27
GblAll60 40Inst 18.53
GlAll25 75Inst 13.60
GlEqInst
24.23
GlRESec
10.58
InfProtSec
11.66
IntGvFxdInc
12.25
15.22
IntlCoreEq
IntlREst
5.21
IntlSustCore1 11.50
IntlVal
21.81
IntlVectorEq
14.23
IntSmCo
22.15
23.96
IntSmVa
IntTermMuni 10.11
IntVaIII
18.48
ITExQual
10.71
Japan
30.46
21.60
LgCo
LgCpIntl
25.00
14.65
SclCrEqInst
SelHdgGlFxd
9.50
STExQual
10.74
10.49
STGov
STMuniBd
10.14
TAUSCoreEq2 18.92
TAWldexUSCr 12.42
TM IntVa
17.94
45.78
TM US Sm
TM USTgtVal 39.23
TMMktwdVa
32.27
TMMttVa2
30.07
30.32
TMUSEq
US CoreEq1
23.78
US CoreEq2
22.51
US Micro
22.87
US Small
37.36
39.65
US SmCpVal
0.23
3.1 37.3
1.14
0.82
3.7 49.7
5.8 54.2
0.73
0.84
5.7 50.6
5.8 55.4
-0.01 -0.4 9.9
0.29 4.9 36.6
0.45 4.0 36.5
NA
NA
NA
-0.01 0.1 6.8
1.39 3.8 47.9
0.62 5.8 47.7
1.32
1.33
0.51
0.25
0.75
0.05
-0.02
0.00
-0.07
-0.05
-0.05
-0.05
0.51
0.34
4.7
4.7
4.4
3.2
2.6
2.6
-0.1
0.8
-0.5
-0.3
-0.5
-0.6
4.3
5.7
48.9
50.0
49.2
22.4
36.1
25.5
3.1
17.7
10.2
5.0
6.7
7.3
44.8
63.0
0.46
0.46
0.47
0.47
0.96
0.40
4.1
4.1
4.1
3.5
3.2
3.0
44.0
45.3
45.8
21.9
29.3
37.1
0.00
-0.02
0.00
0.53
-1.07
0.12
0.06
0.54
0.09
0.17
0.00
0.16
0.04
0.38
-0.24
-0.07
-0.05
0.22
-0.02
0.12
0.56
0.23
0.30
0.34
-0.01
0.47
-0.03
0.60
0.34
0.32
0.23
-0.01
-0.01
-0.01
0.00
0.37
0.17
0.45
0.98
0.99
0.59
0.55
0.54
0.44
0.43
0.50
0.81
1.08
0.0
-0.3
0.1
5.5
-5.2
4.1
4.0
5.6
3.9
4.0
0.0
2.4
0.9
4.2
-3.4
-0.8
-0.7
4.7
0.2
4.1
6.4
4.9
4.1
4.3
0.0
6.5
-0.6
4.5
4.3
4.5
4.7
0.0
-0.2
-0.3
0.1
4.4
4.6
6.3
3.9
4.5
4.4
4.4
4.5
4.4
4.4
3.8
4.0
4.6
2.1
4.2
1.9
70.4
5.8
34.4
36.5
37.6
35.7
41.1
2.0
26.4
12.8
42.6
8.1
5.0
3.0
44.4
12.3
39.0
40.3
48.0
54.9
53.3
3.7
40.9
8.6
79.2
46.1
34.4
44.9
2.6
4.5
1.7
2.1
44.0
42.3
39.6
43.7
43.9
43.4
44.1
46.1
45.7
43.6
44.3
42.9
37.9
reported closing price for the week. Footnotes: NA: not available. NE: performance excluded by Lipper editor. NN:
fund not tracked. NS: fund not in existence for whole period. e: ex capital gains distributions. f: previous day’s
quote. n: no front- or back-end sales charge. p: fund assets are used to pay marketing and distribution costs (12b-1
fees). r: fund levies redemption fee or back-end load. s: stock dividend or split of 25% or more. t: fund charges
12b-1 fees (for marketing and distribution) and a back-end load. v: capital-gains distribution may be a return of
capital. x: ex cash dividend. Full mutual-fund listings,including dividend and capital-gains data, now appear free
online at www.barrons.com/listings. All data supplied by Lipper.
January 15, 2018
BARRON’S
M29
Mutual Funds
For personal Do not edit or alter. Reproductions not permitted.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or
Net YTD 3-Yr.
NAV Chg. % Ret. % Ret.
US TgdVal
26.08
20.06
USLCpGr
40.83
USLgVa
28.19
USLgVaIII
USSoCoreEq2 16.81
USSustCoreI 22.08
20.03
USVectorEq
10.19
WexUSGov
Dodge & Cox:
110.93
Balanced n
14.60
GblStock n
Income n
13.74
48.87
Intl Stk n
215.58
Stock n
Domini Funds:
Intl Equity Inv tn 9.37
US Equity Inv pn 48.88
DoubleLine Funds:
CoreFxdIncmI 10.95
CorFxdIncN n 10.94
EmgMktIncmI 10.68
10.03
LowDurBdI
LowDurBdN n 10.02
10.59
TotRetBdI
10.59
TotRetBdN n
Dreyfus:
37.29
Aprec pn
CA AMTMuBdZ nr 14.96
38.25
Discp n
Dr500In tn
56.36
12.10
Dreyf n
DreyMid Inv nr 38.51
16.42
DynTotRetI
DynTotRetY
16.42
12.10
FloRtIncY
14.38
GblRealRtY
GblRESecY
8.89
21.29
GlbStkI
21.47
GlFxIncI
22.26
GrInc n
HYldI
6.33
13.57
Interm n
InstS&PStkIdx I n 55.78
16.33
IntlBdI
IntlSmCpY
17.80
19.20
IntlStkI
11.72
MunBd nr
NewtonIntlEqY 23.29
14.81
NY Tax nr
SelMgrSmCpGroY 28.11
SelMgrSmCpVaY 26.00
SmCpStk Inv nr 32.64
41.97
StratValA r
42.05
StrgVal I
Dreyfus Premier:
18.98
IntlStkY
Driehaus Funds:
DriehausAcInc n 9.96
41.17
EmMktsGr n
Dupree Mutual Fds:
KYTF n
7.71
0.68
0.39
0.73
0.50
0.34
0.43
0.44
-0.06
4.8
4.6
4.4
4.4
4.5
4.6
4.5
-0.8
42.3
48.0
46.4
47.1
43.8
45.6
42.0
7.9
1.77
0.28
-0.01
0.83
5.34
3.7
5.3
-0.1
5.5
5.9
34.0
40.4
8.8
28.2
48.5
0.14 4.9 38.8
0.58 3.8 25.0
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
0.38
-0.07
0.75
0.89
0.22
0.59
0.02
0.01
0.02
-0.11
-0.10
0.30
0.04
0.44
-0.02
-0.05
0.88
0.24
0.35
0.03
-0.06
0.29
-0.06
0.54
0.50
0.68
0.95
0.96
3.4
-0.4
4.6
4.3
4.8
3.4
1.2
1.2
0.4
0.0
-1.4
4.5
0.4
5.0
0.6
-0.3
4.3
2.2
5.0
2.7
-0.4
4.2
-0.2
4.0
3.7
3.6
4.7
4.7
39.1
7.5
46.1
44.2
40.9
41.9
8.3
8.5
11.4
5.9
10.8
40.4
6.2
42.6
17.1
6.2
45.5
9.9
NS
38.2
7.6
31.0
7.6
36.0
36.3
46.8
42.2
43.3
0.03
2.7 38.3
0.03 1.0 6.2
0.20 3.9 39.3
-0.03 -0.6
5.7
E
Eaton Vance Class A:
31.36
AtlCpSMID p
15.06
DivBldrA
FloatRt
9.32
FltgRtAdvg p 10.91
Inc Bos
5.77
20.09
LgCpVal
NatlMuniInc
9.82
ShDurStratIncFd 7.51
53.85
TMG1.1
WW Hlth Science p 10.73
Eaton Vance Class C:
0.28
0.17
0.00
0.00
-0.01
0.30
-0.04
0.02
1.08
0.12
2.8
3.7
0.3
0.3
0.5
2.9
-0.2
0.8
5.0
4.2
57.9
39.3
13.6
16.2
17.3
29.4
9.6
11.0
44.8
9.4
Net YTD 3-Yr.
NAV Chg. % Ret. % Ret.
FloatRt t
9.00 0.00
FltgRtAdvg p 10.89 0.01
Eaton Vance Class I:
34.56 0.32
AtlCpSMID
FloatRtHiInc
8.89 0.00
FltgRt
9.02 0.01
GblMacAbR
9.16 0.01
IncBos
5.77 -0.01
LgCpVal
20.17 0.30
NatlMuniInc
9.82 -0.04
ParEmMktsFdInst 16.51 0.20
Eaton Vance Funds:
ParTxMgdEmgMktIn 54.69 0.63
1203.12 24.07
TMG1.0 n
Edgewood Growth Instituti:
EdgewoodGrInst 31.45 0.75
0.3 11.0
0.3 14.5
2.8
0.5
0.3
0.5
0.5
3.0
-0.2
4.6
59.1
15.4
14.5
12.0
18.2
30.4
10.4
25.8
4.6 26.4
5.0 46.1
6.4 68.0
F
Fairholme:
Fairholme n
FAM Value:
FAMValue n
Federated A:
CapIncA
EqIncA p
FedMunULA p
KaufmannA p
KaufmnLCA p
MunStkAdvA p
StrValDivA p
Federated C:
CapIncC t
StraValDivC p
Federated Instl:
FedMuniUl A
GloFinI
GovUltra
InsHiYld r
KaufmnLCIS
KaufmnR r
MdCpISvc n
ShIntDurMuInst
StraValDivIS
TtlRtnBdI
UltraShortI
Federated R6:
TtlRtnBdL
Fidelity:
500IdxInst
500IdxInstPrem
500IdxInv n
500IdxPrem n
Contrafund K6
EmgMktIdxPrem n
ExtMktIdxInstPre
ExtMktIdxInv n
ExtMktIdxPrem nr
GblexUSIdxInst
GlbexUSIdxPrem n
GlexUSIdxInstPre
InflPrBdIndInsPr
InflProBdIdxPrem n
IntlIdxInst
IntlIdxInstPrem
IntlIdxInv n
IntlIdxPrem nr
IntTrBdIdxPrem n
LTTrBdIdxPrem n
MidCpIdxPrem n
MidCpInxInstl
RealEstIdxPrem n
SAIUSLgCpIndxFd
SerLTTreBdIdx
SmCpIdxInst
STTrBdIdxPrem n
19.82 -0.20 -1.6
8.3
76.43 1.33
4.0 41.2
8.26
26.27
9.99
5.90
24.69
13.87
6.09
1.6
3.8
NA
5.5
5.2
1.7
-0.5
0.05
0.45
NA
0.18
0.41
0.08
-0.04
13.9
27.1
NA
47.3
40.8
18.8
30.3
8.26 0.05 1.6 11.4
6.10 -0.04 -0.5 27.4
9.99
39.30
9.88
10.05
25.25
5.91
25.46
10.23
6.12
10.86
9.11
NA
5.0
0.0
0.7
5.2
5.5
3.5
NA
-0.5
-0.3
0.1
NA
31.8
1.5
21.2
41.9
47.2
41.7
NA
31.4
8.2
3.9
10.85 -0.03 -0.4
NS
97.45
97.45
97.43
97.45
12.00
11.94
64.25
64.27
64.27
14.12
14.12
14.13
9.77
9.77
45.09
45.09
45.09
45.09
10.57
13.03
21.71
21.72
14.79
14.89
8.76
21.08
10.28
NA
0.82
0.00
-0.03
0.41
0.18
0.38
NA
-0.04
-0.02
0.00
1.54
1.55
1.54
1.55
0.23
0.09
1.16
1.16
1.16
0.16
0.17
0.17
-0.05
-0.05
0.67
0.67
0.67
0.67
-0.05
-0.13
0.32
0.33
-0.44
0.23
-0.09
0.43
-0.02
4.3
4.3
4.3
4.3
5.6
4.6
3.6
3.6
3.6
4.3
4.3
4.4
-0.7
-0.7
4.4
4.4
4.4
4.4
-0.8
-1.8
3.5
3.5
-5.1
4.3
-1.8
3.7
-0.3
46.2
46.3
45.9
46.2
NS
35.1
39.6
39.4
39.5
33.5
33.6
33.7
4.4
4.3
34.4
34.5
33.9
34.3
2.2
1.8
37.8
37.9
3.3
NS
NS
41.6
1.5
Net YTD 3-Yr.
NAV Chg. % Ret. % Ret.
79.54
TMktIdxF r
TMktIdxInv n
79.54
TMktIdxInst
79.53
TMktIdxInstPrem 79.52
TMktIdxPrem n 79.54
11.52
USBdIdxF
USBdIdxPrem n 11.52
USBdIdxInstPrem 11.52
USBdIdxInst
11.52
Fidelity Adv Focus A:
45.09
HthCarA r
TechA t
56.92
Fidelity Adv Focus C:
HthCarC p
36.31
Fidelity Advisor:
SrsAdvIntlCapApp 21.75
TotBdFdClZ
10.58
Fidelity Advisor A:
AdvMdCpIIA p 22.07
AdvStrDivInA p 15.35
BalancA t
21.51
BioTech
26.36
DivIntlA
24.51
EqGrA t
114.94
33.66
EqInA
FF2030A p
15.53
FltRateA r
9.66
LevCoStA p
45.56
33.01
NwInsghtA p
SmllCapA p
26.63
StrInA
12.38
Fidelity Advisor C:
NwInsghtC t
29.06
12.35
StrInC
Fidelity Advisor I:
AdvMdCpII I
22.75
BiotechI
27.85
ConsvIncmMuni I 10.01
DivIntl
24.88
EmMktIncI r
14.07
EqGrI
125.75
FAIntDiscI r
47.39
FAInvGrdI
7.89
FF2030
15.61
FF2040
16.47
FltRatel
9.64
GrOppI
72.81
HiIncAdvI
10.84
HthCarI r
48.88
IntlGr
14.16
LeveCoSt I
46.55
LmtdTrmBdFd 11.43
MuniIncI r
10.37
MunIncI
13.00
NwInsghtI
33.70
REIncmInst
11.76
29.21
SmallCapI
StkSelMC
41.70
StrInI
12.55
Total Bd
10.58
Fidelity Advisor M:
Balanced p
21.75
EqGr p
113.01
EqIn p
34.41
GrOppM p
67.68
NwInsghtM p 31.96
SmllCapM p
24.64
StkSelMC
40.17
StrInM p
12.37
Fidelity Freedom:
FAFree2020I p 14.23
FAFree2025I
14.31
FAFree2035I
15.39
FAFree2045A 12.75
FF2005 n
12.73
16.33
FF2010 n
1.29
1.29
1.29
1.29
1.29
-0.03
-0.03
-0.03
-0.03
4.2
4.2
4.2
4.2
4.2
-0.5
-0.5
-0.5
-0.5
45.0
44.7
45.0
45.0
44.9
5.0
5.0
5.0
5.0
1.26
0.66
5.7 21.8
6.3 92.8
1.01
5.7 19.1
0.12 3.2 41.6
-0.03 -0.4 8.6
0.54 5.4 41.4
0.04 1.3 24.8
0.27 3.2 29.3
0.55 5.0 7.2
0.21 3.6 34.6
2.14 5.3 53.6
0.60 4.0 33.6
0.19 3.3 33.0
0.01 0.4 12.3
0.95 5.0 29.6
0.64 5.2 48.9
0.37 3.2 28.6
0.01 0.6 15.3
0.56
0.01
5.1 45.6
0.6 12.8
0.57
0.57
0.00
0.21
-0.02
2.35
0.58
-0.02
0.19
0.24
0.01
1.21
0.05
1.37
0.10
0.98
-0.01
-0.04
-0.07
0.65
-0.11
0.41
0.81
0.01
-0.03
5.5
5.0
0.0
3.6
0.6
5.3
4.0
-0.4
3.3
4.0
0.4
5.2
1.8
5.7
3.7
5.1
-0.2
-0.3
-0.5
5.2
-1.6
3.2
4.2
0.6
-0.4
42.7
8.1
1.9
35.7
28.8
54.8
37.6
6.2
33.9
38.0
13.1
50.4
25.7
22.8
36.7
30.7
4.2
5.4
7.9
50.1
16.4
29.7
36.0
16.2
8.3
0.26
2.10
0.61
1.11
0.61
0.35
0.78
0.01
3.1
5.3
4.0
5.1
5.1
3.2
4.1
0.6
28.3
52.5
32.7
48.1
47.8
27.7
34.2
15.2
0.12
0.14
0.22
0.18
0.06
0.10
2.4
2.7
3.9
3.9
1.4
1.7
26.6
28.9
37.7
37.0
18.4
21.8
Net YTD 3-Yr.
NAV Chg. % Ret. % Ret.
FF2015 n
FF2015A
FF2020 n
FF2020A p
FF2025 n
FF2025A p
FF2030 n
FF2035 n
FF2035A t
FF2040 n
FF2040A p
FF2045 n
FF2050 n
Free2055 n
Freedom2010 K
Freedom2015 K
Freedom2020 K
Freedom2025 K
Freedom2030 K
Freedom2035 K
Freedom2040 K
Freedom2045 K
Freedom2050 K
Freedom2055 K
Idx2020InsPre
Idx2025InsPre
Idx2030InsPre
Idx2035InsPre
Idx2040InsPre
Idx2045InsPre
Idx2050InsPre
Income n
Income K
Fidelity Invest:
100Index
AdvSrsGroOpport
AggrInt n
AilSectEq
AMgr20% n
AMgr50% n
AMgr70% n
AMgr85% n
AstMgr30R n
Balanc n
BalancedK
BluCh n
BluChpGrK
BluChpGr K6
CALmtTrmTFB n
CAMun n
Canad nr
CapAp n
CapApprK
CapDevO n
ChinaReg n
CnvSc n
Contra n
ContraK
CorpBd n
CpInc nr
DisEq n
DivGrowK
DivGth n
DivIntl n
DivIntl K6
DivIntlK r
DivStkO n
Emerg Asia nr
EmrgMktK r
EmrgMktsDebt
EmrMkt nr
Eq Inc n
EqDivIncm n
EqIncK
Europ nr
Export n
13.67
12.92
16.98
14.12
14.80
14.19
18.67
15.84
15.29
11.13
16.38
12.61
12.68
14.29
16.31
13.65
16.96
14.78
18.64
15.81
11.12
12.59
12.66
14.27
16.15
17.21
18.23
19.43
19.59
19.74
19.83
11.87
11.86
0.10
0.09
0.15
0.12
0.15
0.14
0.23
0.23
0.21
0.16
0.23
0.18
0.19
0.21
0.09
0.11
0.15
0.15
0.23
0.23
0.17
0.18
0.19
0.21
0.13
0.16
0.20
0.25
0.26
0.26
0.26
0.03
0.03
2.2
2.1
2.5
2.4
2.8
2.7
3.4
3.9
3.9
4.0
3.9
4.0
4.0
4.0
1.7
2.2
2.5
2.8
3.4
3.9
4.0
4.0
4.0
4.0
2.2
2.5
3.1
3.6
3.7
3.7
3.7
0.8
0.9
25.2
23.4
27.6
25.7
29.9
27.9
35.2
39.2
36.7
39.7
36.9
39.5
39.7
39.6
NS
NS
NS
NS
NS
NS
NS
NS
NS
NS
NS
NS
NS
NS
NS
NS
NS
14.1
NS
18.13
13.39
21.74
13.25
13.52
18.65
23.09
20.27
11.21
24.49
24.48
92.95
93.06
12.09
10.55
12.88
55.41
37.15
37.21
17.43
38.20
28.73
129.33
129.26
11.62
10.46
40.44
34.07
34.12
41.54
11.24
41.45
26.89
46.91
34.03
10.28
34.02
62.91
28.87
62.87
44.01
23.15
0.29
0.22
0.11
0.22
0.03
0.14
0.26
0.28
0.04
0.30
0.30
1.77
1.78
0.24
-0.01
-0.07
-0.35
0.82
0.82
0.43
0.52
0.19
2.53
2.53
-0.01
0.02
0.65
0.65
0.65
0.37
0.10
0.37
0.64
0.38
0.12
-0.01
0.12
0.95
0.52
0.95
0.75
0.47
4.4
5.1
3.2
4.5
0.7
2.1
3.1
3.8
1.1
3.2
3.2
5.9
5.9
6.1
0.0
-0.5
1.4
5.5
5.5
5.4
6.2
2.8
5.6
5.6
-0.3
1.7
4.3
3.9
3.9
3.8
3.7
3.8
5.9
4.2
3.9
0.6
3.9
3.6
4.0
3.6
4.0
4.2
47.5
53.2
42.2
43.0
12.3
23.9
31.4
37.1
16.4
30.3
30.7
57.2
57.8
NS
3.0
7.7
18.3
38.5
38.9
45.0
43.5
9.3
56.4
56.8
10.2
24.6
36.8
36.9
36.4
33.1
NS
33.6
43.3
46.3
44.5
32.1
43.8
35.5
35.9
36.0
35.0
42.1
Data provided by
Net YTD 3-Yr.
NAV Chg. % Ret. % Ret.
Fidel n
FltRateHi nr
FocsdStk n
FournOne n
GNMA n
GovtInc n
GroCo n
GroInc n
GrowCoK
GrowIncK
GrStrt nr
GwthDiscovery n
HighInc nr
Indepndnc n
InProBnd n
IntBd n
IntlDisc n
IntlEnhIdx n
IntlGrRet n
IntlScOpps nr
IntlSmCap nr
IntMu n
InvGB n
InvGrBd
JpnSmCo nr
LargeCap n
LatinAm nr
LCapCrEIdx n
LCapGrEIdx n
LevCoSt n
LgCpVHIdx n
LmtTrmMuniIncm n
LowP nr
LowPriStkK r
LowPriStkK6
LtdTmBdFd n
MagellanK
MagIn n
MAMun n
Manager40 n
Manager60 n
McpVl n
MegaCpStk n
MidCap n
MidCapEnIdx nr
MidCapStkK r
MIMun n
MtgSec n
MuniInc n
NASDAQ nr
NewInsights Z
NewMkt nr
NewMill n
NYMun n
OHMun n
OTC n
OTC K
OverseasK r
Ovrse n
PcBas nr
PuritanK
Puritn n
RealE n
RealEstInc nr
REEq
REInc
SAIIntlMinVolInd
SAILTTreBdIdx
SAISm-MidCap500I
SAIUSMinVolIndFd
SAIUSQtyIdx
SCEnhIdx n
SmallCap r nr
SmCapDisc n
SmlCapO
SmlCpGrth nr
47.29
9.65
24.22
46.01
11.33
10.14
189.31
39.71
189.29
39.67
42.85
34.26
9.03
39.38
11.87
10.75
47.50
10.64
14.19
20.13
30.84
10.35
7.88
11.18
19.55
35.28
25.77
15.32
19.84
35.26
13.68
10.51
56.75
56.70
11.68
11.43
110.06
110.22
12.19
11.88
12.88
27.26
18.33
39.61
16.26
39.62
12.14
11.12
13.03
95.33
33.73
16.30
41.59
13.15
12.12
116.20
117.70
52.24
52.37
36.66
24.15
24.16
39.64
11.80
12.17
10.83
11.21
10.08
12.64
12.70
13.80
14.63
20.20
30.87
14.54
25.81
0.79
0.01
0.53
0.61
-0.03
-0.03
3.93
0.85
3.94
0.85
0.69
0.64
0.00
0.82
-0.06
-0.03
0.58
0.17
0.10
0.34
0.30
-0.04
-0.02
-0.04
0.27
0.87
0.13
0.25
0.28
0.60
0.21
0.00
1.09
1.09
0.23
-0.01
2.18
2.18
-0.06
0.06
0.12
0.28
0.40
0.60
0.23
0.60
-0.06
-0.03
-0.07
1.63
0.66
-0.02
0.82
-0.06
-0.07
2.34
2.37
0.55
0.55
0.28
0.28
0.27
-1.26
-0.11
-0.35
-0.06
0.03
-0.09
0.18
0.04
0.20
0.31
0.33
0.59
0.32
0.74
4.6
0.4
6.9
3.5
-0.4
-0.6
6.0
4.9
6.0
4.8
4.2
5.2
0.9
5.6
-0.7
-0.4
4.0
4.9
3.7
4.1
3.1
-0.3
-0.4
-0.5
3.1
5.4
5.3
4.5
4.8
5.4
3.6
0.0
4.1
4.1
4.1
-0.2
5.4
5.4
-0.5
1.5
2.5
2.4
5.2
3.6
3.9
3.6
-0.6
-0.4
-0.6
5.2
5.2
0.6
4.5
-0.4
-0.6
5.8
5.8
3.3
3.3
3.3
3.2
3.2
-5.2
-1.6
-5.0
-0.8
2.1
-1.8
3.3
1.4
4.3
4.4
3.0
3.2
3.6
4.4
42.7
13.2
49.5
35.6
3.9
2.0
66.5
42.7
67.0
43.2
37.1
54.6
20.2
33.4
3.3
4.6
37.7
40.7
36.7
56.7
60.8
5.7
6.4
6.9
75.5
44.7
18.8
41.8
50.3
31.8
37.1
2.7
38.7
39.1
NS
4.4
49.1
48.7
7.3
20.2
27.7
30.7
42.4
39.2
37.5
39.6
7.6
4.9
8.4
60.3
50.7
29.3
43.1
7.8
8.6
70.6
71.2
46.3
45.7
57.3
32.3
31.9
6.7
16.3
2.5
16.5
NS
NS
NS
NS
NS
37.7
38.4
29.7
35.3
59.9
Net YTD 3-Yr.
NAV Chg. % Ret. % Ret.
SmlCpVal nr
Srs1000ValIndRet
SrsBlChGroRetail
SrsCommStrt
SrsEmrgMkt
SrsGlobal
SrsGroCoRetail
SrsIntlGrw
SrsIntlSmCp
SrsIntlVal
SrsSmCapDiscRet
STBF n
StkSelLCVl n
StkSelSmCp n
StkSlcACap n
StratDivInc n
StratInc n
StrDivIncI
TaxFrB nr
TotalBond n
Trend n
Utility n
Value n
ValueDisc n
ValueK
Wrldw n
Fidelity SAI:
FidSAIEmgMktIndx
FidSAIIntlIndxFd
U.S.TreBdIdx
USMomentumIdx
Fidelity Selects:
Banking nr
Biotech nr
Chem nr
ConDis nr
ConStap nr
DfAero nr
Energy nr
FinSvc nr
Gold nr
Health nr
HlthCareSrvPt r nr
Ind n
ITSvs n
Mat nr
MdTchDevis n
NatRec nr
Pharm n
Retail nr
Semiconductors r nr
Softwr nr
Tech nr
UtilGr nr
Fidelity Series:
Canada
FASeriesEqGroFd
STCrFd
First Eagle Funds:
AmericaI
GlbA
OverseasA
US Val A t
US Val I r
First Investors A:
EqIncmA
GroInA p
IncomeA p
OppA p
SpSitA p
TotRtA p
TxExIncmA
FMI Funds:
ComStkInvst n
IntlInvst n
LgCapInvst n
20.83
13.16
14.66
5.49
22.49
13.81
17.64
16.74
18.70
11.29
12.93
8.56
21.48
27.40
45.94
15.44
11.10
15.40
11.50
10.60
105.30
25.80
125.16
29.89
125.25
27.88
0.26
0.21
0.28
0.05
0.19
0.16
0.37
0.13
0.30
0.26
0.23
-0.01
0.35
0.60
0.82
0.05
0.01
0.04
-0.07
-0.03
2.14
-0.12
1.89
0.45
1.89
0.52
2.5
3.4
5.9
0.9
5.0
4.3
6.1
3.7
4.1
5.6
3.3
-0.2
3.7
3.6
4.6
1.3
0.5
1.2
-0.6
-0.3
5.7
-1.3
3.3
3.3
3.3
5.6
41.4
34.4
58.0
-13.2
42.9
33.6
67.9
37.7
52.2
29.0
31.8
2.8
32.8
35.2
45.8
25.9
16.0
25.8
8.4
8.5
52.9
23.1
32.4
31.8
32.9
42.7
15.67
12.96
9.71
12.85
0.12
0.19
-0.04
0.27
4.7
4.4
-0.7
5.7
NS
NS
NS
NS
37.60
230.19
188.11
43.85
92.72
177.13
47.58
119.59
21.22
236.53
95.08
38.60
57.52
95.91
46.59
31.92
19.56
141.66
116.21
174.68
189.93
78.47
1.42
4.83
2.63
1.23
-0.32
7.23
1.31
3.43
0.22
6.57
1.92
1.10
0.89
1.36
1.14
0.77
0.55
4.28
-0.48
1.82
2.22
-0.41
6.3
4.9
5.5
5.8
0.2
6.1
6.5
4.7
2.2
5.7
5.8
4.9
5.6
5.4
6.2
6.0
5.4
6.4
4.0
5.4
6.3
-1.6
63.3
11.0
57.5
44.7
17.7
74.9
17.9
49.1
15.8
22.1
43.9
46.7
71.0
37.0
52.5
14.5
3.2
70.3
91.4
83.3
94.4
18.7
11.04 -0.08 1.4 NS
13.73 0.26 5.3 57.0
9.93 0.00 0.0 NS
38.19
61.09
25.44
20.78
21.10
0.53
0.73
0.19
0.30
0.31
4.9
3.4
3.0
3.4
3.5
23.0
29.4
26.8
28.5
29.5
11.19
24.68
2.52
43.30
33.08
20.66
9.37
0.13
0.36
0.00
0.75
0.45
0.17
-0.04
3.0
3.6
0.9
4.0
3.5
2.0
-0.4
33.2
30.9
16.2
34.3
43.9
19.3
4.5
27.35 0.32 2.9 33.6
34.57 -0.07 1.9 34.0
22.39 0.36 4.1 40.2
Net YTD 3-Yr.
NAV Chg. % Ret. % Ret.
FPA Funds:
FPACres n
35.86
NwInc n
9.95
Franklin Templeton:
TgtGroA p
19.88
16.00
TgtMod C p
TgtModA p
16.46
FrankTemp/Frank Adv:
CA HY Adv t
10.83
CA IntAdv
11.98
CA TF Adv t
7.41
CvtScAdv
20.15
Fed TF Adv
11.91
FedIntAdv
12.12
FlRtDAAdv t
8.79
FrkUSGvtSecR6 6.06
GrOpAdv p
40.82
Growth Adv t
99.30
HY TF Adv
10.11
IncomeAdv
2.41
63.60
RisDv Adv r
SmCpGrAdv p 24.67
SmCpValAdv t 60.21
StrInc Adv p
9.88
TtlRtnAdv
9.80
USGovAdv p
6.07
Utils Adv
17.99
FrankTemp/Franklin A:
10.74
AZ TF A p
BAL A t
12.58
BalInv p
40.87
BioDis A p
155.86
CA TF A p
7.42
10.81
CAHY A p
CAInt A p
11.95
CoreAll A p
20.62
CvtSc A p
20.15
DynaTech A p 69.33
EqIn A p
26.13
Fed TF A p
11.90
FedInt p
12.09
FedL T TF
10.30
10.57
FL TF A p
FlRtDA A p
8.78
FoundFAlA p
15.11
FSmCoSer r
25.84
15.95
GoldPrM A p
GrOp B p
38.12
Growth A p
99.14
HiInc A
1.90
HY TF A p
10.07
IncomeA p
2.43
IntSmCoGr r
21.01
LwDuToRt A
9.76
MIInsTF A p
11.43
MNInsTF A p
12.27
11.52
MO TF A p
NC TF A p
11.40
NJ TF A p
11.25
NY TF A p
11.00
12.65
OHInsTF A p
OR TF A p
11.53
PA TF A p
9.89
RisDv A p
63.66
SmCpGr A p
23.08
SmCpVal A p 57.47
SmMCpGrA p 36.92
StrInc A p
9.87
TgtCon A p
15.09
TtlRtn A p
9.75
US Gov A p
6.04
Utils A p
17.86
FrankTemp/Franklin C:
Bal C t
12.46
CA TF C t
7.41
11.90
Fed TF C t
0.44
0.00
3.4 24.7
0.0 5.1
NA
NA
NA
NA
NA
NA
NA
NA
NA
-0.07
-0.03
-0.04
0.18
-0.04
-0.04
0.00
-0.02
0.61
1.93
-0.05
0.02
0.88
0.71
1.00
-0.02
-0.03
-0.01
-0.43
-0.6
-0.2
-0.5
3.4
-0.4
-0.3
0.4
-0.3
5.1
4.9
-0.4
2.6
4.1
4.9
2.9
0.3
-0.3
-0.2
-4.5
12.1
5.8
9.2
34.4
6.2
4.5
12.7
2.9
41.7
49.7
6.9
20.3
41.2
35.8
43.5
9.2
4.8
2.7
16.3
-0.04
0.09
0.78
1.69
-0.04
-0.07
-0.03
0.37
0.18
1.08
0.47
-0.04
-0.04
0.00
-0.03
0.00
0.23
NA
0.09
0.57
1.92
0.00
-0.05
0.02
NA
-0.01
-0.05
-0.06
-0.05
-0.05
-0.04
-0.04
-0.06
-0.05
-0.04
0.88
0.67
0.95
0.67
-0.02
NA
-0.03
-0.02
-0.42
-0.4
1.9
4.1
3.7
-0.6
-0.6
-0.2
4.8
3.4
6.0
4.0
-0.4
-0.3
0.1
-0.2
0.2
3.9
NA
1.7
5.1
4.9
1.1
-0.4
2.5
NA
0.0
-0.4
-0.5
-0.4
-0.4
-0.3
-0.4
-0.5
-0.4
-0.3
4.1
4.9
2.9
4.6
0.3
NA
-0.3
-0.3
-4.5
5.5
22.0
32.5
3.4
8.7
11.8
5.5
35.8
33.4
62.9
35.3
5.6
4.1
0.9
4.5
11.7
24.8
NA
9.1
40.6
48.6
14.9
6.6
20.2
NA
3.3
4.3
5.2
4.6
3.3
4.5
4.1
7.3
5.8
4.6
40.1
34.8
42.4
32.0
8.4
NA
4.1
2.0
15.8
0.08 1.9 19.2
-0.04 -0.6 7.1
-0.04 -0.3 4.1
Net YTD 3-Yr.
NAV Chg. % Ret. % Ret.
FoundFAlC p
14.88
91.14
Growth C t
HY TF C t
10.26
Income C t
2.46
10.99
NY TF C t
62.53
RisDv C t
StrInc C p
9.87
US Gov C t
6.00
Utils C t
17.76
FrankTemp/Franklin R:
FrkDynTchR6 71.84
99.18
FrkGrthR6
FrkIncR6
2.41
63.59
FrkRisDivR6
FrkSmCpGrR6 24.93
MutShrR6
29.58
TempGlbBndR6 12.00
TmpGlbTotRtnR6 12.21
28.68
TmpGrthR6
TmpFrgnR6
8.15
FrankTemp/Mutual A&B:
16.98
Beacn A
20.88
Europ A p
Shares A
29.31
FrankTemp/Mutual C&R:
28.99
Shares C t
FrankTemp/Temp A:
22.40
DvMk A p
Frgn A p
8.40
12.04
GlBond A p
10.92
GlSmCo A p
28.72
Growth A p
World A p
17.73
FrankTemp/Temp Adv:
EmMkSC Adv p 15.76
Frng Adv
8.16
GlBondAdv p 12.00
12.21
TGlTotRAdv
FrankTemp/Temp B&C:
12.07
GlBond C p
Growth C p
28.03
0.22
1.75
-0.05
0.02
-0.04
0.86
-0.01
-0.02
-0.43
3.8
4.9
-0.4
2.5
-0.3
4.1
0.3
-0.3
-4.5
22.0
45.3
4.9
18.1
2.1
37.0
7.1
0.5
14.0
1.12
1.93
0.02
0.88
0.72
NA
-0.06
-0.05
0.71
NA
6.0
4.9
2.6
4.1
4.9
NA
1.3
1.3
5.4
NA
65.0
50.5
20.6
41.8
36.7
NA
7.1
9.2
30.9
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
0.15
-0.07
0.16
0.71
0.36
NA
4.1
1.3
3.4
5.4
4.8
NA
30.1
5.7
36.8
29.5
28.1
NA NA NA
NA NA NA
-0.06 1.3 6.6
-0.05 1.3 8.7
-0.06 1.3 4.5
0.68 5.3 26.6
G
Gabelli Funds:
10.43
ABC pn
ABCAdv
10.31
61.13
Asset pn
24.28
EqInc pn
GabelliAsstFdClI 61.01
SmCapG n
59.84
61.21
SmCpGrwI
TETONWstMMFdI 29.41
Util A p
9.21
Util C t
6.46
Gartmore Funds:
NationwideInstSv 25.67
Gateway:
33.74
GatewayA
GE Elfun/S&S:
11.49
RSPIncm n
54.81
RSPUSEq n
Tax Ex n
11.50
63.43
Trusts n
Glenmede Funds:
31.38
SmCpEqAdv
GMO Trust Class III:
EmgCntryDt r 29.07
25.45
Quality
USTreas
24.98
GMO Trust Class IV:
21.23
CorePlusBd
35.88
EmergMkt
EmgCntrDt
29.03
25.39
IntlEq
Quality
25.49
0.02
0.01
0.91
0.35
0.91
0.76
0.78
0.38
-0.13
-0.09
0.5
0.4
3.7
3.3
3.7
3.1
3.2
2.5
-1.7
-1.8
8.7
8.0
34.4
27.7
35.4
42.3
43.4
40.0
17.4
14.6
0.38
4.3 43.5
0.09
0.8 18.7
NA NA NA
0.78 4.5 38.3
-0.05 -0.3 7.1
1.06 5.1 44.8
0.64
4.3 41.8
NA NA NA
0.28 4.1 50.8
0.00 0.0 1.5
NA NA NA
NA NA NA
NA NA NA
0.48 6.2 32.2
0.28 4.2 53.0
Short Interest
NYSE Short Interest Sinks 7%
S
HORT INTEREST ON THE NEW YORK
Stock Exchange fell 7.3%, to
14,688,843,922 shares, as of Dec.
29, from a revised 15,817,797,680
on Dec. 29. The short-interest ratio increased to 5.6 days, versus 4.5 days on
Dec. 15.
The ratio is calculated by dividing the
number of shares sold short by the average
total traded each day.
Short interest on the NYSE American
Exchange dropped 4.5%, to 499,389,745
shares, as of Dec. 29, from a revised
522,633,128, as of Dec. 15.
The short-interest ratio increased to 3.46
days, versus a revised 3.25 in the previous
period.
For more short interest data, please visit
barrons.com/mktlab.
—MICHAEL
T. KOKOSZKA
Nasdaq Shorts Drop 6%
A
S OF DEC. 29, OVERALL NASDAQ
short interest declined 5.7%, to
7,839,308,499 shares, compared
with 8,311,626,467 on Dec. 15. The
short-interest ratio was 3.7 days, versus 4.14
in the preceding reporting period.The ratio is
calculated by dividing the number of shares
sold by the average total traded each day.
On the Nasdaq Global Markets, short interest dropped 6.1%, to 7,003,385,990 shares
in 2,355 securities. That compares with
7,459,908,298 in 2,344 securities on Dec. 15.
The short-interest ratio was 3.9 days, versus
4.4 days for the previous reporting period.
Short interest on the Nasdaq Capital Markets lost 1.9%, to 835,922,509 shares in 854 securities, versus 851,718,169 in 859 on Dec. 15.
The Dec. 29 short-interest ratio was 2.48
days, compared with 2.84 days in the previous
—MICHAEL T. KOKOSZKA
reporting period.
M30
BARRON’S
January 15, 2018
Mutual Funds
Net YTD 3-Yr.
NAV Chg. % Ret. % Ret.
GMO Trust Class VI:
AssetAllBd
22.19
35.86
EmgMkts r
Quality
25.45
USCoreEq
15.89
Goldman Sachs A:
30.17
CapGr
35.99
MidCapVal p
SmCap
57.94
Goldman Sachs Inst:
10.46
CoreFix
24.46
EmgMEq
12.21
GlbInc
32.21
Gr
26.08
GrOpps
HiQtyFltRte
8.73
HiYield
6.57
HYMuni
9.54
Int
14.34
36.32
MidCapVa
Muni
15.64
ShDuGov
9.79
ShDuTF
10.48
SmCapVa
62.54
Guggenheim Funds Tru:
FloRaStraFdInst 26.05
MacOppFdClA 26.85
MacOppFdClInstl 26.89
TotRtnBdFdClInst 27.15
TotRtnBondFdClA 27.13
GuideStone Funds:
12.73
AggrAllGS4
BalAllGS4
12.37
12.78
GrAllGS4
GrEqGS2
26.47
GrEqGS4
26.40
16.30
IntEqGS2
13.35
LowDurGS2
14.69
MedDurGS2
23.66
ValEqGS2
NA
NA
0.28
0.21
NA NA
NA NA
4.1 51.2
3.9 43.2
0.51
NA
NA
5.1 47.0
NA NA
NA NA
-0.02
0.09
NA
NA
0.45
0.00
-0.02
-0.04
0.25
NA
-0.06
-0.01
0.00
NA
-0.4
3.9
NA
NA
4.5
0.1
0.6
0.0
5.4
NA
-0.1
-0.1
0.1
NA
3.8
51.9
NA
NA
31.5
2.9
15.4
17.0
53.1
NA
9.0
1.8
2.7
NA
0.00
0.03
0.04
-0.01
-0.01
0.3
0.4
0.4
-0.2
-0.2
13.3
14.3
15.5
13.4
12.3
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
For personal Do not edit or alter. Reproductions not permitted.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or
H
Harbor Funds:
Bond n
11.46
73.92
CapApInst n
71.31
CapApInv pn
HiYBdInst nr
10.13
70.66
IntlInst nr
IntlInv tn
70.09
MdCpVal Inst n 24.53
SmCpValInst n 37.83
Harding Loevner:
EmgMktsAdv 61.01
IntlEq
23.42
Hartford Funds A:
24.82
BalanA
14.79
BalIncA
CapAppA p
39.16
Chks&Bal p
9.71
29.94
DiscpEqA p
DivGth A p
26.79
20.89
EqInc t
FltRateA t
8.74
GlbCapAppr
19.53
45.09
GrOppty t
35.31
Hlthcare
17.87
IntOppA p
MidCap A p
31.14
10.34
TotRBdA p
Hartford Funds C:
14.58
Bal IncC
30.47
CapAppC
FltRateC t
8.73
22.84
MidCapC t
Hartford Funds I:
BalIncI
14.79
39.29
CapAppI
DivGthI
26.67
EmrgMktEqInv r 17.46
EqIncI
20.77
FltRateI
8.75
47.05
GrowOppI t
18.29
InterValue
MidCap
31.98
USSmMdCpOpInv r 15.23
WorldBond
10.54
Hartford Funds Y:
27.43
DivGthY
18.73
IntOppY
IntlValY
18.67
37.10
MidCapY
Hartford HLS Fds IA:
31.85
Balanced
CapApp
50.16
16.03
DiscEqui
Div&Grwth
24.89
40.52
GrwthOpp
IntlOpp
18.42
41.60
MidCap
SmallCo
21.24
33.28
SmCpGrwth
Stock
82.39
11.27
TotRetBd
Hartford HLS Fds IB:
49.45
CapApprec p
Heartland Funds:
-0.02
1.48
1.42
0.00
0.97
0.96
0.61
0.84
-0.3
6.5
6.4
0.8
4.7
4.6
4.2
4.2
7.1
62.4
60.5
16.1
26.8
25.4
33.3
56.5
NA
NA
NA
NA
NA
NA
0.26
0.08
0.53
0.09
0.40
0.47
0.26
0.00
0.21
0.77
0.63
0.29
0.46
-0.03
2.6
1.2
4.3
2.5
3.9
3.9
2.8
0.3
3.9
5.4
5.3
5.4
3.7
-0.5
25.0
25.0
35.2
26.5
43.3
39.8
40.2
13.8
28.7
51.0
27.3
35.7
47.3
5.9
0.08
0.41
0.00
0.33
1.1
4.2
0.3
3.7
22.3
32.3
11.3
44.1
0.08
0.55
0.47
0.07
0.25
0.00
0.81
0.43
0.48
0.18
-0.01
1.2
4.3
3.9
4.9
2.8
0.3
5.5
5.9
3.7
2.8
0.2
25.9
36.4
40.8
41.3
41.1
14.7
52.0
55.2
48.4
45.2
4.2
0.48
0.30
0.44
0.56
3.9
5.3
5.9
3.7
41.3
37.5
55.6
49.0
0.33
0.72
0.21
0.45
0.69
0.30
0.63
0.43
0.47
1.19
-0.02
2.7
4.2
3.9
3.9
5.5
5.5
3.7
4.0
3.6
3.5
-0.4
26.5
37.4
44.4
41.7
53.9
39.0
49.0
23.9
40.5
38.1
7.7
0.70
4.1 36.4
Net YTD 3-Yr.
NAV Chg. % Ret. % Ret.
Val Inv n
42.30
Hennessy Funds:
CorMidCap30Inst 20.93
FocInst
92.86
FocInv
90.47
GasUtilIndInv 28.72
Homestead Funds:
SmCoStk n
45.58
Value n
57.45
Hotchkis and Wiley:
HiYldI
12.32
MidCpVal
39.98
SmCpVal
62.93
0.59
2.7 18.8
0.39
0.12
0.11
-0.51
3.3
2.4
2.4
-2.5
0.87
0.97
3.3 35.0
4.0 43.4
34.7
38.1
36.6
8.9
-0.01 0.8 20.9
1.35 6.4 25.9
1.56 4.2 26.3
I
ICM Small Company:
ICMSmCo
34.25
IFP US Equity Fund:
IFP US EquityFd 18.13
Invesco Fds Investor:
DivrsDiv n
20.64
GlHltCr pn
36.79
Invesco Funds A:
500InxA p
30.11
AmValA
39.08
BalancedRiskAllA 10.93
Chart
18.71
CmstA
28.18
CpBdA
7.38
DevMkt
38.62
DivIncm p
24.73
DivrsDiv p
20.65
EqIncA
11.32
EqWtdA p
62.29
FltgRate p
7.59
Glcoreeq p
16.95
GlHltCr
36.78
GrIncA
28.25
GrowAlloc p
16.49
HYld
4.20
HYMuA
10.08
IntlGrow
37.39
IntTMIA p
11.12
LmtdTrmMunInc p 11.30
MdCpCEq
22.20
MidCpGwth p 39.31
13.89
ModeAlloc p
MunInA
13.38
RealEst p
20.19
SmCpGr
39.19
SmCpValA t
19.99
Invesco Funds C:
BalancedRiskAllC 10.45
DivrsDiv t
20.39
11.11
Eq IncC
EqWtdC
59.79
TEHYC
10.05
Invesco Funds Instl:
IntlGrow
37.94
SmCpGr
44.14
Invesco Funds P:
Summit P pn 21.02
Invesco Funds Y:
BalancedRiskAllY n 11.09
EqWtdY n
62.84
IVA Funds:
Intl I r
18.22
WorldwideA t 19.25
WorldwideC t 18.86
WorldwideI r
19.30
Ivy Funds:
AssetStrA p
24.90
AssetStrC t
23.58
AssetStr I r
25.21
BalancedA p
25.74
BalancedC t
25.56
CoreEqA t
15.42
EmgMktEqFdI 22.88
HiIncA p
7.62
HiIncC t
7.62
HiIncI r
7.62
IntlCorEqI r
21.35
IntlValA
21.24
LgCpGwthl r
24.20
LtdTrmI r
10.75
MidCapI
25.93
ScTechA p
67.90
ScTechC t
58.51
ScTechI r
74.64
ScTechY t
71.61
0.56
NA
0.15
0.17
3.5 54.1
NA
NA
1.5 29.4
3.4 6.8
0.47
1.03
0.02
0.19
0.58
-0.01
-0.09
0.13
0.15
0.17
1.00
0.01
0.26
0.17
0.62
0.16
-0.02
-0.06
0.18
-0.04
-0.02
0.19
0.70
0.09
-0.07
-0.64
0.80
0.55
4.3
5.4
0.8
3.7
4.9
-0.2
2.6
1.0
1.4
3.3
3.9
0.4
4.6
3.4
4.7
2.7
0.4
-0.5
3.1
-0.3
0.0
3.1
4.1
2.0
-0.4
-5.1
5.0
5.4
43.8
24.7
17.3
23.8
40.1
12.5
32.8
31.9
29.2
30.3
39.0
12.6
37.4
6.8
42.3
25.1
14.9
15.4
24.6
6.8
2.9
29.8
31.3
19.9
8.9
5.5
45.7
38.8
0.02
0.14
0.17
0.95
-0.06
0.9
1.4
3.3
3.9
-0.5
14.8
26.3
27.4
36.1
12.9
0.18
0.90
3.1 25.9
5.0 47.4
0.32
5.6 51.3
0.03
1.00
0.9 18.3
3.9 40.1
0.12
0.16
0.16
0.16
2.1
2.0
2.0
2.0
25.2
21.1
18.4
22.0
0.38
0.36
0.39
0.37
0.36
0.31
0.15
0.00
0.00
0.00
0.32
0.32
0.50
-0.01
0.53
1.15
0.99
1.28
1.22
4.4
4.3
4.4
3.4
3.4
5.5
5.3
1.0
1.0
1.0
5.0
5.0
6.0
-0.2
5.2
6.8
6.8
6.8
6.8
8.5
6.2
9.5
18.9
16.4
34.0
45.5
17.9
15.5
18.8
32.3
31.1
50.8
4.1
36.5
40.5
37.5
41.7
40.6
J
JamesBalGR A n:
JamesBalGR A n
Janus Henderson:
Balanced C
Balanced S
Balanced T n
Contrarian T n
Enterprise Inst
Enterprise S
Enterprise T n
FlxBnd T n
GlbEqIncA
24.43 0.16
1.5 11.8
33.46
33.73
33.78
19.82
73.64
119.33
121.85
10.30
8.21
2.7
2.7
2.7
4.9
4.2
4.1
4.2
-0.4
3.0
0.34
0.34
0.35
0.39
1.25
1.99
2.04
-0.03
0.09
25.5
27.5
28.5
5.9
56.8
52.6
53.8
4.7
28.5
Net YTD 3-Yr.
NAV Chg. % Ret. % Ret.
GlbEqIncC
8.15
GlbResch T nr 82.48
GlLifeSci T nr 57.54
GlTech T nr
32.37
Grw&Inc T n
57.40
HiYld T nr
8.51
IntlOppsA p
31.20
MdCpVal T n
17.30
Overseas T nr 34.29
Resh T n
48.65
SCVal T n
23.49
ShtTmBd T n
3.01
Venture T n
79.70
Jensen I :
Jensen I
48.60
JensenQualGrJ n:
JensenQualGrJ n 48.59
John Hancock:
500Index1
33.57
AbRetCurI
9.34
BondI
15.84
BondR6
15.87
CapApprNAV 17.06
ClassicVal I
35.69
DispValMdCpR6 24.22
DispValR6
22.94
DispVal I
22.91
EmrgMktsNAV 12.54
GblAbRStratI 10.66
GblAbRStratR6 10.68
GblShrhYldI
12.00
IntlGrwI
28.83
IntlValNAV
17.92
VolBalSrs1
13.26
VolGrw1
15.04
MdCpIdxI
23.80
Science&TechI 31.94
TotalStkMktIdxI 23.32
TRNAV
13.43
John Hancock Class 1:
BlueChipGrw 38.60
CapAppr
17.02
LSAggr
17.15
LSBalncd
15.57
LSConserv
13.11
LSGwth
16.63
LSModer
14.00
RetCho2020
11.70
RetCho2025
13.17
RetCho2035
14.90
RetCho2030
14.25
RetCho2040R4 15.30
RetCho2045
15.48
RetCho2050R4 13.76
RetLiv2020
10.66
RetLiv2025
11.43
RetLiv2030
11.84
RetLiv2035
12.43
RetLiv2040
12.59
RetLiv2045
12.44
John Hancock Funds A:
BalA
21.14
BondA p
15.84
DispVal
23.63
DispValMdCp 23.34
IntlGrw
28.78
FunLgCpCorA p 51.39
LifeBal
15.67
LifeConsv
13.13
LifeGrw
16.71
LifeMod
14.04
RgBkA
29.12
StrIncA p
6.47
USGlobLdrs
47.76
John Hancock Funds C:
LifeBal
15.68
LifestyleGrw
16.73
John Hancock Instl:
DispValMCI
24.23
FunLgCpCorI 53.63
IncomeI
6.46
StratIncmOppI 10.91
USGlbLdrsGrwI 51.16
JPMorgan A Class:
CoreBond
11.53
CorePlusBd p
8.25
EqInc p
17.69
EqIndx p
42.67
GwthAdv p
20.76
HighYld p
7.43
Inv Bal p
15.75
InvCon p
12.94
InvG&I p
17.96
InvGrwt p
21.58
LgCpGwth p
40.16
MdCpGrw p
30.54
MdCpVal p
40.42
Sm Cap p
51.03
SR2020 p
20.12
SR2030 p
22.03
SR2040A p
23.36
USEquity
17.01
USLgCpCorePlA p 31.03
ValAdv t
37.06
JPMorgan C Class:
CoreBond p
11.60
InvBal p
15.50
0.09
1.56
1.59
0.42
1.12
-0.01
0.17
0.18
0.50
0.85
0.39
0.00
1.57
2.9
4.8
5.3
5.5
4.2
0.8
3.5
2.3
5.1
4.8
2.4
0.0
4.3
25.7
35.2
18.8
85.7
51.1
18.7
24.8
35.1
20.4
43.7
46.0
2.9
40.2
0.72
4.2 47.6
0.71
4.2 46.5
0.53
-0.04
-0.04
-0.04
0.34
1.10
0.47
0.50
0.50
0.05
NA
NA
0.02
0.17
0.30
0.11
0.18
0.37
0.48
0.39
-0.03
4.3
-2.6
-0.3
-0.3
6.5
5.6
4.0
4.9
4.9
3.9
NA
NA
1.8
4.1
4.6
2.3
3.4
3.5
6.6
4.2
-0.4
45.0
1.0
9.2
9.6
62.7
45.2
43.1
39.1
38.5
33.4
NA
NA
22.4
45.3
30.8
20.2
22.1
42.1
76.9
42.5
6.7
0.89
0.34
0.25
0.13
0.02
0.19
0.06
0.01
0.05
0.13
0.10
0.15
0.17
0.14
0.07
0.10
0.13
0.14
0.16
0.16
6.6
6.5
4.3
2.5
0.6
3.4
1.5
0.3
1.4
2.9
2.3
3.3
3.5
3.5
2.1
2.7
3.1
3.5
3.8
3.9
65.0
62.5
38.3
26.0
12.8
32.1
19.4
11.5
18.5
29.6
25.3
32.2
33.5
33.7
25.2
29.1
32.4
35.1
37.0
37.3
0.30
-0.04
0.51
0.45
0.17
1.00
0.13
0.01
0.19
0.06
1.08
-0.01
0.65
3.3
-0.3
4.9
4.0
4.1
5.3
2.5
0.5
3.4
1.5
5.4
0.4
5.1
25.7
8.2
37.5
41.6
44.0
51.9
24.7
11.4
30.7
18.1
82.4
7.8
46.5
0.13
0.19
2.5 22.0
3.4 28.0
0.47
1.04
-0.01
0.01
0.70
3.9
5.3
0.4
0.7
5.1
42.7
53.1
8.8
12.1
47.7
-0.03
-0.02
0.32
0.67
0.39
-0.01
0.14
0.06
0.22
0.35
1.04
0.56
0.47
0.62
0.11
0.20
0.26
0.29
0.53
0.67
-0.5
-0.4
3.3
4.3
5.5
0.8
2.3
1.3
3.2
4.3
6.8
4.8
2.6
2.8
2.0
3.1
3.7
4.7
4.8
3.4
4.6
6.7
37.4
44.4
58.3
15.9
22.7
15.2
29.2
37.4
57.0
40.1
30.5
44.2
21.4
28.1
32.7
43.2
40.8
32.6
-0.03 -0.5 2.6
0.13 2.3 20.6
Net YTD 3-Yr.
NAV Chg. % Ret. % Ret.
InvConsvGr t
12.88
ValAdv t
36.95
JPMorgan Funds:
DiscEqL
29.50
Dvrsified L
18.26
MdCpVal L
41.33
USEquity L
17.07
USSmCo L
19.47
JPMorgan I Class:
CoreBond
11.52
CorePlusBd
8.25
EmMktEq I
30.90
EqInc
17.98
EqIndx
42.72
GrAdv r
21.34
GvBd
10.42
HighYld
7.48
IntlEqIndx
19.85
IntmdTFBd
10.75
IntrepidVal
36.08
LgCpGwth
40.51
MdCpGrw
35.05
MdCpVal
40.85
MkExpEnhIdx 11.89
MtgBckd
11.11
ShtDurBnd
10.76
SmartR2020
20.19
SmCap
58.83
SR2030 I
22.09
SR2040 I
23.43
TxAwEq
34.99
USEquity
17.05
USLgCpCorPls 31.42
ValAdv
37.25
JPMorgan Inst Class:
ValAdv L
37.24
JPMorgan R Class:
CoreBond
11.54
CorePlusBd
8.25
USRechEnhEq 29.51
HighYld r
7.48
LimDurBd
10.02
11.11
MtgBckd
ShtDurBnd
10.76
58.95
SmCpEqR5
SmCpVal
31.83
USEqR5
17.08
JPMorgan R5 Class:
SR2020 R5
20.22
SR2030 R5
22.14
SR2040 R5
23.49
SRIncome R5 18.94
JPMorgan Select Cls:
IntrepidEurL r 28.77
0.06
0.66
1.3 13.3
3.4 30.6
0.47
0.15
0.49
0.29
0.46
4.3
2.9
2.6
4.7
4.2
38.1
28.3
32.5
44.6
34.8
-0.03
-0.01
0.08
0.33
0.68
0.41
-0.03
0.00
0.28
-0.03
0.79
1.05
0.64
0.48
0.20
-0.02
0.00
0.11
0.71
0.20
0.26
0.55
0.29
0.54
0.68
-0.5
-0.2
3.7
3.3
4.3
5.5
-0.6
0.9
4.7
-0.3
4.6
6.8
4.8
2.6
3.7
-0.4
-0.1
2.0
2.8
3.1
3.7
4.6
4.7
4.9
3.4
5.2
7.4
41.3
38.3
45.4
59.2
3.0
16.7
35.8
4.4
31.5
57.8
41.4
31.5
45.7
6.4
1.9
21.7
45.5
28.5
33.2
47.6
44.0
41.9
33.6
0.68
3.4 34.6
-0.02
-0.02
0.47
0.00
0.00
-0.02
0.00
0.72
0.78
0.29
-0.4
-0.4
4.3
0.9
-0.1
-0.4
-0.1
2.8
3.8
4.8
5.9
7.8
38.6
17.3
4.2
6.9
2.7
46.4
33.3
44.8
0.12
0.20
0.26
0.08
2.0
3.1
3.8
1.6
22.2
29.0
33.6
17.4
0.60
5.3 30.5
L
Laudus Funds:
USLgCpGr nr 20.57
Lazard Instl:
EmgMktEq
20.57
GlbLstInfr
15.90
IntlEq
20.47
IntStrtEq r
16.53
USEQ Concen Inst 16.04
Lazard Open:
EmgMktEqO n 21.16
GLIP Open n
15.91
Intl Eq R6
20.44
IntlStrEq n
16.67
Legg Mason A:
GrowFdClA
17.19
Legg Mason C:
CMOpporTrC r 24.57
ValueTrC
83.80
Legg Mason I:
CMValueTrI
100.26
Litman Gregory Funds:
Intl Inst
18.40
Longleaf Partners:
Intl n
17.30
27.81
Partners n
Sm-Cap n
28.34
Loomis Sayles Fds:
HiInc
6.81
LSBondI
13.92
LSBondR pn
13.85
LSCorBndA p 12.92
LSFixIncl
13.42
LSSmCpVal
35.59
LSStrIncA p
14.72
LSStrIncC t
14.84
SmCpGI
26.50
Lord Abbett A:
Affiltd p
16.35
BdDeb p
8.32
CalibrDivGr
15.84
DevGt p
24.17
FloatRt p
9.21
FundlEq p
13.45
HiYldA t
7.75
HYMuniBd p
11.76
IncomeA p
2.86
IntrTxFr
10.77
MidCapStk
30.79
MultiAstBalOppty 12.16
MultiAstGro
18.04
0.40
6.3 55.3
0.03
-0.27
0.26
0.34
0.19
2.7
-0.6
4.4
5.3
4.8
0.03
-0.27
0.25
0.34
2.7 27.0
-0.6 40.9
4.3 NS
5.3 26.3
0.22
3.7 29.5
0.74
1.75
9.0 38.3
4.8 30.3
2.12
4.8 34.1
0.21
3.8 17.5
0.19
0.41
0.23
4.0 35.7
3.6 20.2
2.7 29.3
0.02
0.03
0.04
-0.02
0.02
0.82
0.05
0.05
0.64
1.5
1.2
1.2
-0.1
0.8
4.0
1.2
1.2
4.3
17.3
10.1
9.2
6.8
12.9
44.0
8.6
6.1
45.1
0.26
0.02
0.18
0.58
0.01
0.25
-0.01
-0.05
-0.01
-0.04
0.34
0.12
0.18
3.4
1.0
2.9
3.6
0.5
3.9
0.8
-0.1
-0.2
-0.3
3.0
3.1
3.3
36.3
21.4
39.4
20.6
14.9
33.6
24.0
12.9
11.1
6.1
26.0
21.3
24.2
28.1
42.0
27.1
27.2
39.0
Data provided by
Net YTD 3-Yr.
NAV Chg. % Ret. % Ret.
MultiAstInc
ShDurTxFr
ShtDurIncmA p
TaxFr p
TotRet p
ValOpps p
Lord Abbett C:
BdDeb
FloatRt p
ShtDurIncmC t
Lord Abbett F:
BdDeb
FloatRt p
HiYld p
IntrTxFr
ShtDurIncm
ShtDurTxF p
TotRet
Lord Abbett I:
BdDebentr
DevlpGro
FloatRt
HiYld
ShtDurInc p
SmCpVal
ValOpps
LSVValEq :
LSVValEq
15.27
15.53
4.24
11.35
10.33
20.76
0.11
-0.01
-0.01
-0.06
-0.02
0.28
2.2 18.1
0.0 1.5
-0.1 6.6
-0.4 9.3
-0.4 6.0
3.3 31.2
8.34 0.02 0.9 19.1
9.21 0.01 0.4 12.8
4.27 0.00 -0.1 4.6
8.30
9.20
7.74
10.77
4.24
15.53
10.33
0.01
0.01
-0.01
-0.04
0.00
-0.01
-0.02
0.8
0.5
0.8
-0.3
-0.1
0.0
-0.4
21.6
15.3
24.3
6.4
6.9
1.8
6.4
8.27
27.65
9.21
7.78
4.24
25.05
21.56
0.01
0.66
0.01
-0.01
0.00
0.43
0.29
0.9
3.6
0.5
0.7
-0.1
3.6
3.4
22.0
21.5
15.6
24.6
7.2
36.2
32.2
30.19 0.73
4.3 44.4
M
MainStay Fds A:
HiYldBdA
5.78
IncBldr
19.89
LgCpGrA p
9.61
TxFrBdA
10.02
MainStay Fds C:
HiYldBdC t
5.75
MainStay Fds I:
EpochGlb r
20.37
EpochUSAllCpI 29.95
MAPI
44.12
S&P500Idx
50.70
TRBd
10.59
Mairs&Power:
MairsPwrBal n 96.51
MairsPwrGr n 125.91
Manning & Napier Fds:
ProBConsS n 13.78
WldOppS n
8.67
UnconBdClS n 10.42
Marsico Funds:
Focus pn
18.15
Mass Mutual:
SelBluChipGroClI 21.43
MassMutual Select:
IdxEqI
19.34
IndxEqAdmin 19.12
IndxEqR4 n
18.91
IndxEqR5
19.40
MCGrEqIII
22.49
MCpGrEqIIS
22.30
Matthews Asian Funds:
AsiaDivInv nr 20.47
Asian G&I Inv nr 17.73
ChinaInv n
24.19
35.18
IndiaInv nr
JapanInv nr
25.36
PacTigerInv nr 32.83
Merger Fd pn:
Merger Fd pn 16.10
Meridian Funds:
Growth n
43.17
Value n
44.02
Metropolitan West:
IntmBdI
10.32
LowDurBd n
8.67
LowDurBdI
8.68
TotRetBd n
10.61
TotRetBdI
10.61
TRBdPlan
9.98
11.93
UnconstrBdI
UnconstrBdM n 11.94
MFS Funds Class A:
AgGrAlA p
23.87
BondA p
14.07
CoEqyA
32.10
ConAllA p
15.71
Growth A p
94.67
GlEqA
45.20
GlTotA p
18.58
GrAllA p
21.11
GvScA p
9.72
IntlDvFdA t
20.34
IntlVA t
44.33
IntNwDA p
35.83
MCapA
16.71
MCpValA p
23.94
MIGA p
29.08
MITA p
33.61
18.12
ModAllA p
MuHiA
8.21
MuInA p
8.74
MuLtA
8.09
ReInA p
20.04
ResBdA t
10.68
RschA p
43.82
0.00
0.03
0.18
-0.05
0.5 21.4
1.2 19.7
6.2 47.1
-0.3 9.1
0.00
0.5 18.4
0.04
0.66
0.87
0.80
-0.02
1.6
5.2
4.9
4.3
-0.4
0.84
1.47
2.7 25.6
4.0 38.2
22.8
40.5
38.5
44.9
6.9
0.02 0.8 11.4
0.06 4.2 26.4
-0.01 0.0 5.9
0.27
6.3 36.0
0.42
6.1 65.0
0.30
0.31
0.30
0.31
0.41
0.41
4.3
4.3
4.3
4.3
4.8
4.7
45.8
44.4
43.6
45.4
48.6
48.1
0.29
0.01
0.64
0.13
0.33
0.24
3.7
1.5
9.0
2.5
5.1
3.7
51.1
20.7
65.0
34.3
70.6
42.1
0.03
1.0
5.5
0.89
1.15
3.7 47.6
4.9 49.6
-0.02
-0.01
0.00
-0.02
-0.02
-0.02
-0.01
-0.01
-0.3 3.4
-0.2 2.3
-0.1 3.1
-0.4 4.1
-0.4 4.8
-0.4 5.0
0.0 8.2
0.0 7.2
0.27
-0.02
0.44
0.07
1.54
0.43
0.17
0.20
-0.03
0.12
0.15
0.28
0.28
0.43
0.41
0.48
0.14
-0.03
-0.04
-0.02
0.23
-0.02
0.65
3.3
-0.4
3.7
1.4
5.2
3.7
2.2
2.8
-0.4
3.3
2.7
3.1
4.5
3.0
4.6
4.5
2.1
-0.2
-0.5
-0.2
3.8
-0.4
4.1
38.0
10.1
45.3
17.8
52.5
37.2
22.8
31.8
1.3
39.0
45.5
42.5
46.1
34.4
45.5
43.6
24.5
13.4
9.0
4.3
30.9
5.8
43.4
Net YTD 3-Yr.
NAV Chg. % Ret. % Ret.
TotRA p
19.56
20.30
UtilA p
42.11
ValueA p
MFS Funds Class C:
15.48
ConAllC p
76.41
Growth C t
GrAllC p
20.73
17.79
ModAllC p
TotRC t
19.68
20.19
UtilC t
ValueC t
41.61
MFS Funds Class I:
14.06
BondI
100.42
Growth I
IntNwDI
36.85
24.51
MCpValI
32.68
MITI
ReInT t
20.71
10.68
ResBdI
RschI
44.95
19.56
TotRI
UStdI p
28.94
42.33
ValueI
MFS Funds Instl:
26.38
IntlEq
MLP & Energy Income I:
MLP&EnrgyIncmI 9.21
MLP Focus C:
MLPFocusC
7.42
MLP Focus I:
MLPFocusI
8.13
Morgan Stanley Inst:
44.31
CapGrI
42.31
CapGrP p
25.21
GloFranI t
18.58
IntlEqI
IntlEqP p
18.35
Munder Funds:
MndrIntlSmCpInv r 15.30
Munder Funds Cl A:
MndrMdCpCGroA t 35.74
Munder Funds Cl Y:
MndrMdCpCGroY r 38.01
MndrSCVClY p 42.41
Mutual Series:
17.12
BeacnZ n
21.49
EuropZ n
33.10
GlbDiscA
32.71
GlbDiscC t
33.74
GlbDiscz n
16.07
QuestA t
QuestZ n
16.29
29.60
SharesZ n
0.22
0.05
0.78
2.2 25.1
0.6 12.4
3.8 39.9
0.07
1.23
0.20
0.13
0.22
0.05
0.76
1.3
5.2
2.8
2.1
2.3
0.6
3.7
15.1
49.0
28.9
21.7
22.3
9.8
36.7
-0.02
1.65
0.28
0.44
0.46
0.23
-0.02
0.67
0.22
0.47
0.78
-0.4
5.3
3.2
3.0
4.5
3.8
-0.4
4.1
2.3
4.1
3.8
10.9
53.6
43.5
35.4
44.5
31.8
6.2
44.5
26.0
39.0
40.9
0.20
3.6 35.5
0.26
6.0 -9.5
0.31
9.3 -6.8
0.33
9.3 -3.9
1.19
1.14
0.09
0.17
0.17
6.4
6.4
2.0
3.4
3.4
0.19
4.1 55.1
0.47
3.7 34.2
0.50
0.93
3.7 35.3
3.9 39.5
70.0
68.4
45.9
29.9
28.6
NA NA NA
NA NA NA
0.44 4.1 25.4
0.43 4.0 22.6
0.45 4.1 26.3
NA NA NA
NA NA NA
NA NA NA
N
Nationwide Fds R6:
BdIdxR6
10.94
IntIdxR6
8.90
MidCapIdxR6 18.66
S&P500IdxR6 16.84
Nationwide Fds Serv:
10.62
IDAggr p
IDMod p
10.36
IDModAggr p 10.86
Natixis Funds:
InvGradeBdA p 11.10
InvGradeBdC 10.99
InvGradeBdY 11.11
16.35
LSGrowthY
USEqOppsA
38.88
Neuberger Berman Fds:
22.26
EmgMktInst
13.35
EqIncInst
GenesInst
59.54
HiIncBdClR6
8.73
HiIncBdInst
8.73
IntrinsicValInst 17.13
LgShInst
14.88
MultCpOptyInst 19.33
SocRespInst
39.84
11.15
StrIncInst
Neuberger Berman Inv:
27.69
Focus n
59.64
Genes n
18.24
Guard n
IntlEqInst r
13.83
31.95
LCVal n
Soc Resp n
39.90
Neuberger Berman Tr:
59.69
Genes n
GenesisFdR6 59.50
Nicholas Group:
28.65
Nch II I n
64.32
Nich n
Northern Funds:
ActMEmgMktEq nr 22.65
ActMIntlEq nr 12.21
10.48
BdIdx n
EmMktsEqIdx nr 13.50
10.17
FixIn n
GlbREIdx nr
10.72
HiYFxInc n
6.94
13.49
IntlEqIdx nr
IntTxExpt n
10.49
19.99
MidCpIdx n
-0.03
0.13
0.29
0.27
-0.6 4.2
4.5 33.8
3.5 42.8
4.3 45.7
0.15
0.10
0.14
3.9 35.5
2.6 24.6
3.4 31.5
0.00
0.00
0.01
0.23
0.57
0.5 7.0
0.5 4.6
0.5 7.8
5.3 64.5
5.4 60.6
0.05
0.08
0.90
-0.03
-0.03
0.38
NA
0.36
0.58
-0.03
3.5
1.5
3.5
0.5
0.6
4.8
NA
4.1
4.7
0.0
42.5
29.3
46.3
15.6
15.3
38.4
NA
50.6
40.3
11.7
0.46
0.90
0.24
0.10
0.52
0.57
4.4
3.5
4.3
3.2
2.3
4.6
38.0
45.6
39.2
35.4
33.5
39.6
0.90
0.90
3.5 45.2
3.6 47.1
0.39
0.90
3.5 40.4
4.1 20.6
0.17
0.16
-0.02
0.11
-0.02
-0.10
NA
0.20
-0.04
0.30
4.3
4.0
-0.5
5.0
-0.2
-0.4
NA
4.5
-0.4
3.5
34.2
28.1
4.7
35.2
6.0
13.8
NA
33.8
5.4
43.2
Net YTD 3-Yr.
NAV Chg. % Ret. % Ret.
ShIntTaxFr n
SmCapIdx n
SmCpVal n
StkIdx n
TxExpt n
Nuveen Cl A:
AAMunBd p
HiYldMuBd p
LtdMnBd p
Nuveen Cl C:
HYMunBd t
Nuveen Cl R:
CAMunBd
DivVal I
HYMunBd
IntDMunBd
LmtTrmR
NWQSmCpR
RealEst
SmCpVal
10.26
14.12
24.19
33.10
10.63
-0.01
0.29
0.52
0.52
-0.06
0.0
3.7
3.4
4.3
-0.6
1.8
40.1
38.4
45.9
7.3
11.61 -0.07 -0.6 10.7
17.37 -0.10 -0.4 17.3
10.91 -0.02 -0.1 3.2
17.36 -0.09 -0.4 15.4
11.21
15.61
17.37
9.22
10.87
56.73
19.45
27.67
-0.07
0.31
-0.10
-0.03
-0.02
1.33
-0.63
0.64
-0.5
4.1
-0.4
-0.2
-0.1
5.3
-5.4
4.1
11.1
40.5
18.0
7.9
3.8
43.1
4.9
54.4
0.34
0.46
0.71
0.25
1.69
0.92
1.32
3.2
5.3
5.6
3.8
5.4
5.4
7.1
27.0
47.6
38.3
42.1
49.2
44.6
42.9
0.30
0.14
3.6 60.2
3.5 60.7
-0.02
0.31
0.19
-0.02
NA
0.06
-0.4
4.4
3.7
-0.2
NA
2.3
1.6
31.5
30.1
2.8
NA
21.0
NA
-0.07
1.17
NA
-0.02
0.40
1.51
0.37
0.52
NA
NA
NA
2.84
1.68
0.03
NA
0.32
0.74
0.00
0.00
1.51
0.69
NA
NA
NA
0.26
-0.03
-0.05
-0.03
0.02
NA
-0.2
5.7
NA
-0.4
4.8
4.1
5.0
3.7
NA
NA
NA
7.7
5.3
1.5
NA
3.4
4.5
0.1
0.6
4.0
4.0
NA
NA
NA
3.2
0.0
-0.2
-0.6
0.5
NA
8.4
35.9
NA
6.3
32.0
44.6
46.6
22.8
NA
NA
NA
108.2
52.0
14.8
NA
34.2
65.1
4.5
-4.8
34.8
42.7
NA
NA
NA
27.3
13.1
10.9
-4.0
15.1
0.36
0.41
NA
2.50
1.54
0.65
0.02
0.22
0.28
4.7
3.7
NA
7.6
5.3
4.0
0.5
7.1
6.5
29.1
20.0
NA
103.6
48.6
39.5
12.5
-13.1
-10.8
0.37
4.7 31.0
0.40
2.87
1.69
0.32
0.03
0.74
0.69
NA
4.8
7.7
5.3
3.5
1.5
4.5
4.1
NA
33.0
109.8
53.1
35.2
15.7
66.3
43.7
NA
-0.04
-0.04
-0.17
-0.17
0.1
0.0
-0.5
-0.5
16.2
13.8
10.7
8.0
-0.01
0.08
0.33
0.30
-0.1 5.9
3.4 38.7
5.6 54.9
3.7 31.7
0.03
0.5 16.9
O
Oakmark Funds Invest:
33.21
EqtyInc nr
GlbSel nr
20.33
Global n
34.97
18.42
IntlSmCp nr
Oakmark n
88.91
OakmrkInt n
30.12
Select n
51.16
Oberweis Funds:
IntlOpp tn
26.41
IntlOppInst
13.22
Old Westbury Fds:
FixInc pn
11.00
AlCpCore n
17.42
LrgCpStr n
15.00
MuniBd pn
11.86
Sm&MdCapStrategi n 17.22
StratOpp n
8.00
Oppenheimer A:
15.02
ActiveAllA
AMTFrNY p
10.76
61.68
CapApprA p
CapIncA p
10.35
CoreBdA p
6.83
DevMktA
45.64
DiscovA p
80.74
DisMdCpGrA 20.93
EqIncA p
33.55
EqInvA
19.07
GblAllocA
20.21
GblStrIncmA p 3.97
GlbOppA p
73.80
GloblA p
101.06
IntlBdA p
6.04
IntlDivA
18.87
IntlGrowA p
45.42
51.76
IntlSmCoA
LmtTermBd p 4.52
LtdTermMuA p 4.06
MidCpValA
59.70
53.07
MnStFndA p
MnStOpA p
18.57
MnStSmCpA p 27.45
ModInvA
12.52
RisingDivA
19.97
RochAMTFrMuni 6.80
RochCAMuni
8.17
RochLmtTrNYMuni p 2.74
SenFltRtA
8.15
Oppenheimer C & M:
DevMktsC t
42.67
EqIncC t
26.65
GblStrIncmC
3.96
GlbOppC p
65.25
GloblC p
93.16
MnStFndC
50.33
SenFltRtC
8.16
StlpathMLPAlphFd 6.41
StlpathMLPAlphFd 8.10
Oppenheimer N:
DevMktsN t
43.86
Oppenheimer Y:
DevMktY
44.99
GlblOppY
74.66
GloblY
101.14
IntGrowY
45.13
IntlBdY
6.04
IntlSmCoY
51.31
MnStFndY
52.60
MnStSmCapY 29.66
OppenheimerRochester:
RchHiYldMuniA 6.98
RchHiYldMunC 6.95
RoMu A p p
14.50
14.46
RoMu C p
Optimum Funds Inst:
Fixed Inc
9.43
Intl Eqty
15.04
LgCpGrwth
18.98
LgCpVal
16.96
Osterweis Strat Income:
OsterweisStrInc n 11.41
Net YTD 3-Yr.
NAV Chg. % Ret. % Ret.
PQ
PACE Funds Cl P:
IntlEqty P
17.69
LgGrEqty P
26.84
LgVEqty P
24.51
StraFxd P
13.72
StratInvP
10.99
Pacific Life Funds:
PortOptModAggClA p 16.07
PortOptModClA r 14.70
Parnassus Fds:
ParnEqFd n
44.18
Parnsus n
49.93
Pax World Fds:
Balanced n
23.23
Paydenfunds:
CoreBd n
10.70
EqIncInv n
17.05
LowDur n
10.04
LtdMat n
9.48
Pear Tree:
ForeignVal I r 22.91
PolForegValOrd tn 22.97
Perm Port Funds:
Permanent n
42.02
PIMCO Fds Admin:
HiYldAd p
9.00
ShortTrmAd p 9.87
TotRtAd p
10.23
PIMCO Fds Instl:
AllAsset
12.29
AllAssetAuth r 8.98
CommodtyRR 6.79
DivInc
10.93
EMFdIndPLSARStr 11.80
EmgLocBdFd
7.72
EmMktsBd
10.63
EmrgMktCur
9.54
ExtdDur
7.79
FrgnBd
10.66
FrgnBdUnd r
10.14
GlblBdII
10.24
HiYld
9.00
InvGrdCorp
10.51
LgTrmCrdtFd 12.25
LngDurTotRtrn 10.87
LowDur
9.85
LTUSG
6.13
ModDur
10.18
MortgageOppty 11.07
RAEFndmtlAdvPLUS 10.14
RealRtnI
10.98
RERRStg
8.02
ShortT
9.87
ShtAssetInv
10.04
StcksPLUSIntlHdg r 8.69
StcksPLUSIntUnh 7.17
StkPlsLgDur
7.40
StcksPLUSShort 8.14
StPlTRInst r
11.10
10.44
TotRetIV
TotRt
10.23
TRII
9.63
TotRetESG
9.09
PIMCO Funds:
TotRet
10.23
PIMCO Funds A:
AllAsset
12.30
HiYld
9.00
IncomeFd
12.40
InvstGrCorBd 10.51
LowDurA
9.85
RealRtnA
10.98
ShtTmA
9.87
TotRetA
10.23
PIMCO Funds C:
AllAssetAuth
8.98
IncomeFd
12.40
InvstGrCorBd 10.51
10.23
TotRetIncC
PIMCO Funds D:
FrgnBd n
10.66
IncomeFd n
12.40
InvstGrCorBd n 10.51
LowDur n
9.85
RealRtn n
10.98
TRtn n
10.23
PIMCO Funds Instl:
ComPLUSStrtgyFd 6.38
HiYldSpec
10.05
IncomeFd
12.40
InflRespMulAsset 8.74
RAEFndmlPLUSIntl 10.40
SeniorFloRate 9.94
UnconstrndBdFd 10.83
PIMCO Funds P:
All Asset
12.31
AssetAllAuthP 8.99
FrgnBdUSH
10.66
IncomeP
12.40
InvstGrCor
10.51
LwDurP
9.85
RealRtnP
10.98
ShtTm
9.87
TotRtP
10.23
0.23
0.46
0.54
-0.03
NA
NA
NA
4.4 34.9
5.0 46.9
4.4 37.4
-0.4 8.1
NA NA
NA
NA
NA
NA
0.48
0.44
3.5 34.3
3.4 38.1
0.22
2.5 22.7
0.00
0.20
-0.01
0.00
-0.1 9.0
3.0 39.7
0.0 3.5
0.2 3.5
0.23
0.23
3.6 39.9
3.6 38.7
0.33
2.0 15.9
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
January 15, 2018
BARRON’S
M31
Mutual Funds
For personal Do not edit or alter. Reproductions not permitted.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or
Net YTD 3-Yr.
NAV Chg. % Ret. % Ret.
Pioneer Funds A:
AMTFreeMuniA p p 14.52
BondA
9.69
CoreEqA
21.49
DiscGrA
19.06
EqIncA
36.91
MdCapVa
26.50
PioFdA
29.97
SelMCGrA
43.75
StratIncA p p 10.80
Pioneer Funds C:
StratIncC
10.57
Pioneer Funds Y:
AMTFreeMuniY 14.49
BondY
9.60
StratIncY p p 10.80
PNC Funds:
IntEqI p
25.50
SmCpI r
24.54
Price Funds:
2050RetFd n
16.10
Balanced n
25.03
10.93
BdEnhIdx nr
BlChip n
102.67
CA Bond n
11.49
CapApp n
28.91
CorpInc n
9.62
DivGro n
44.71
DvsfMCGr n
30.70
DvsfSmGr n
36.34
EmgMktB n
12.53
46.83
EmMktS n
EqInc n
34.70
EqIndex n
74.77
Europe n
21.54
ExtIndex nr
29.22
29.32
FinSvcs n
GlbStk n
40.01
GlbTech n
18.01
GNMA n
9.14
Gr&In n
29.44
Growth n
66.14
HelSci n
73.94
HiYield n
6.79
InstEmMEq
42.77
InstFLRfd r
10.03
InstHiYld
9.04
InstlCapG
39.24
InstLCCoreGr 39.89
InstLCV
24.28
InstSmCap
24.53
IntDis n
74.40
IntEqIdx nr
15.09
15.83
IntlValEq n
IntlBond n
9.19
IntlStk n
19.39
ISX Fd
13.48
Japan n
15.73
Lat Am n
25.79
MCapGro n
91.04
MCapVal n
31.54
MCEqGr
57.06
MD Bond n
10.74
MediaTel n
101.10
N Amer n
50.68
N Asia n
20.47
N Horiz n
54.96
N Inc n
9.45
New Era n
37.94
OverS SF nr
11.83
PSBal n
24.73
PSGrow n
35.15
PSInc n
19.89
R2005 n
13.85
R2010 n
18.59
R2015 n
15.29
R2020 n
23.10
R2025 n
18.09
R2030 n
26.74
R2035 n
19.63
R2040 n
28.24
RealAssets nr 11.86
RealEst n
27.36
Ret2015A p
15.24
Ret2025A p
18.00
Ret2045 n
19.17
Ret2045R
18.85
Ret2055 n
16.17
RetBal Inc n
15.63
SciTec n
48.08
Sht-Bd n
4.69
SmCapStk n
49.33
SmCapVal n
50.27
SpecGr n
25.45
SpecInc n
12.83
SpecIntl n
15.23
SuMuInc n
11.90
SuMuInt n
11.84
TF Incom n
10.12
TFHY n
12.04
TFSI n
5.56
TotIndex n
31.38
USTLg n
12.57
VABond n
11.97
Value n
38.64
Price Funds - Adv Cl:
BlChip p
101.29
-0.11
-0.02
0.32
0.28
0.57
0.74
0.42
0.64
-0.02
-0.7
-0.3
4.4
4.7
3.1
4.9
4.0
4.2
-0.1
8.6
7.5
41.1
43.1
43.3
31.4
40.1
43.8
11.2
-0.01 0.0
9.2
-0.10 -0.7 9.7
-0.02 -0.3 8.4
-0.01 -0.1 12.4
0.28
0.33
4.3 43.7
2.4 33.4
0.20
0.24
-0.03
2.39
-0.05
0.21
-0.01
0.56
0.50
0.67
-0.01
-0.03
0.62
1.18
0.23
0.53
0.85
0.76
0.32
-0.01
0.35
1.12
1.39
-0.01
-0.02
0.00
-0.02
0.87
0.92
0.38
0.54
0.75
0.19
0.28
0.09
0.15
0.20
0.17
0.05
1.65
0.51
1.05
-0.05
0.67
0.95
0.11
1.18
-0.02
0.47
0.15
0.24
0.44
0.13
0.07
0.11
0.11
0.19
0.17
0.28
0.23
0.35
0.04
-0.74
0.10
0.17
0.24
0.24
0.21
0.08
0.66
0.00
1.07
0.73
0.40
0.03
0.16
-0.05
-0.04
-0.04
-0.05
0.00
0.51
-0.12
-0.05
0.57
3.7
2.9
-0.6
6.6
-0.4
2.2
-0.3
3.1
4.4
4.2
0.5
4.1
4.1
4.3
4.1
3.6
4.7
5.1
7.0
-0.1
3.5
5.6
5.1
0.6
4.1
0.2
0.6
6.3
6.6
3.8
3.4
4.2
4.4
4.7
1.5
3.9
4.3
4.1
5.0
4.6
3.8
4.7
-0.5
4.8
5.5
4.7
4.5
-0.3
3.9
4.6
2.7
3.6
1.8
1.5
1.7
2.1
2.5
2.8
3.2
3.5
3.7
1.5
-4.7
2.0
2.9
3.8
3.7
3.8
1.6
5.7
0.1
3.4
2.5
4.5
0.7
4.2
-0.4
-0.3
-0.4
-0.3
0.0
4.1
-1.9
-0.4
3.5
2.35
6.6 64.4
38.9
30.4
5.2
65.7
8.1
35.4
9.4
42.0
45.0
46.3
27.2
47.3
37.7
45.2
20.5
39.3
51.0
62.4
108.4
3.5
42.1
61.2
32.7
19.6
47.6
13.9
20.7
69.1
66.1
38.9
40.7
63.1
35.3
25.8
9.0
36.9
49.1
77.8
33.6
49.6
41.6
52.6
7.8
71.1
58.9
40.5
57.4
5.6
22.0
35.8
29.8
37.0
22.4
19.3
21.2
24.2
28.0
31.2
34.1
36.5
38.2
14.7
5.0
23.2
30.2
38.9
36.8
38.9
19.0
82.5
3.3
39.7
47.4
44.8
14.2
34.4
8.6
5.9
7.3
11.5
2.1
44.5
0.8
7.6
36.6
Net YTD 3-Yr.
NAV Chg. % Ret. % Ret.
CapAppA p
28.62
Growth p
64.67
MCapGro p
88.40
R2020A p
22.94
R2030A p
26.53
R2035A
19.54
R2040A p
27.99
Ret2045-A p
19.05
Ret2050-A p
15.97
SciTec p
47.49
SmCapVal p
50.01
TF Incom p
10.12
Price Funds - R Cl:
BlChipR p
97.67
GrowthR p
62.55
R2020R p
22.74
R2030R p
26.32
R2040R p
27.81
Ret2025-R p
17.82
Ret2035-R
19.32
Ret2050-R
15.84
PRIMECAP Odyssey Fds:
AggGrowth nr 47.90
Growth nr
39.93
Stock nr
33.72
Principal Investors:
BdMtgIn
10.94
CapApprA p
64.08
DivIntlInst
14.55
EqIncIA p
32.44
FlIncA p
12.58
HighYldA p
7.55
HiYld IN
9.95
InfPro IN
8.48
LgIndxI
18.25
LgIndxJ tn
18.09
11.32
LgValIN
LT2010In
13.75
LT2020 In
14.57
LT2020J tn
14.50
LT2030In
15.21
LT2030J tn
15.17
LT2040I
16.27
LT2040J tn
16.14
LT2050I
16.29
MdGrIII Inst
11.68
MdValI In
15.49
MidCpBldA
27.56
PreSecI
10.39
PtrLGI In
15.28
PtrLV In
17.60
RealEstSecI
22.66
SAMBalA p
16.30
16.06
SAMBalC t
SAMGrA p
18.77
StrGrw A p
21.29
Prudential Cl A:
2020FcA
15.45
BlendA
21.84
Growth
38.55
HiYldA
5.56
HlthSci
46.67
MdCpGrA
36.72
SmallCoA p
25.69
STCorpBd
10.92
TRBd p
14.56
Utility
13.64
Prudential Cl C:
EqInc
15.93
TRBd
14.54
Prudential Cl Z & I:
GlbRealEstZ
23.85
Growth
41.46
HiYldZ
5.57
HlthSciZ
51.31
MdCpGrZ
39.63
SmallCoZ
27.64
TRBdZ
14.51
Prudential Funds:
SmCapVal
21.02
Putnam Funds Class A:
CATx p
8.13
CapSpec
36.01
DvrIn p
7.15
DynAABalA
15.66
DynAAGthA
17.61
EqIn p
25.45
GeorgePutBal 20.45
GlbHlthCare p 51.60
GlblEqty p
16.29
GrOpp p
33.15
HiYld A p
5.98
Incm p
6.95
IntlEq p
27.52
Inv p
29.76
MultiCpGr p
94.52
NYTx p
8.51
StDurInc
10.05
TFHY
12.58
TxEx p
8.61
USGv p
12.76
Putnam Funds Class C:
CapSpec
34.26
DivInc t
7.01
Putnam Funds Class Y:
AR700
12.25
CapSpec
36.42
0.21
1.10
1.60
0.19
0.29
0.23
0.34
0.24
0.20
0.65
0.72
-0.05
2.3
5.6
4.6
2.5
3.2
3.4
3.7
3.8
3.8
5.7
2.5
-0.4
34.2
60.0
48.5
27.0
33.2
35.4
37.1
37.8
37.8
81.2
45.9
6.1
2.26
1.05
0.19
0.28
0.34
0.17
0.22
0.20
6.6
5.6
2.5
3.2
3.7
2.8
3.4
3.8
63.1
58.8
26.1
32.2
36.1
29.2
34.3
36.8
1.93
1.35
0.79
8.1 73.3
7.2 65.5
5.7 54.1
-0.01
1.06
0.12
0.42
0.02
0.00
0.00
-0.03
0.29
0.29
0.22
0.07
0.12
0.12
0.17
0.16
0.20
0.20
0.22
0.23
0.18
0.27
-0.01
0.32
0.30
-0.58
0.11
0.11
0.18
0.22
-0.2
4.1
4.7
3.2
0.6
0.7
0.9
-0.6
4.2
4.3
4.0
1.6
2.5
2.5
3.2
3.2
3.6
3.7
4.0
5.0
2.8
3.1
0.0
5.9
4.0
-4.6
2.2
2.2
3.0
3.4
7.6
41.7
37.3
39.9
13.4
20.7
15.9
3.1
45.5
44.6
32.5
18.3
24.1
23.3
29.2
28.4
32.3
31.4
34.6
37.0
27.7
45.6
19.5
57.7
37.6
8.1
23.9
21.2
30.4
32.0
0.31
0.42
0.77
0.00
0.73
0.60
0.40
-0.01
NA
-0.30
5.8
4.8
6.5
0.9
4.2
4.1
3.0
-0.2
NA
-3.3
47.0
38.3
61.1
21.1
18.2
31.4
36.8
4.5
NA
12.8
0.23
NA
4.2 19.9
NA NA
-0.31
0.82
0.00
0.80
0.65
0.43
NA
-1.6
6.5
0.9
4.2
4.1
3.0
NA
7.5
62.6
22.1
19.3
32.6
37.8
NA
0.57
4.0 41.9
-0.05
1.36
0.03
0.15
0.22
0.44
0.14
0.86
0.11
0.68
0.01
0.01
0.41
0.65
1.82
-0.03
0.00
-0.06
-0.04
0.00
-0.5
5.0
1.3
2.4
3.3
3.8
2.2
4.6
3.4
5.9
0.8
0.1
5.2
4.8
5.7
-0.4
0.0
-0.3
-0.5
-0.1
7.9
5.1
11.2
26.7
34.3
37.7
26.2
11.5
32.9
51.5
17.3
5.8
32.4
42.9
48.7
7.1
2.6
12.5
7.7
1.7
1.29 5.0 2.8
0.03 1.2 8.7
0.00
1.38
0.1 10.8
5.0 5.9
Net YTD 3-Yr.
NAV Chg. % Ret. % Ret.
EqInc
Incm
StDurInc
25.46 0.45 3.9 38.8
7.06 0.01 0.1 6.7
10.06 0.00 0.0 2.9
R
RBB Fund:
BPL SEqInst
23.05
RBC Funds:
AccCpCommInvI 8.91
RiverNorth Funds:
RNDLIncomeI 10.41
Royce Funds:
Oppty I nr
14.21
PAMut I nr
10.92
PremierI nr
17.41
SpecEqI nr
22.54
TotRet I nr
13.98
RS Funds:
56.28
CoreEqVIP
InvQBdVIP
12.03
Russell Funds S:
EmerMkts n
21.96
GblEq n
11.16
IntlDvMkt n
42.73
21.20
InvGrdBd n
RESec n
33.54
StratBd n
10.79
TaxExBd n
22.96
TxMngUSLgCp n 42.39
USSmCpEq n 32.83
Russell LifePoints A:
BalStrat p
11.50
GwthStrat p
12.90
Russell LifePoints C:
BalStrat p
11.24
Rydex Investor Class:
NasdaqInv n
35.91
NA
NA
NA
NA
NA
NA
NA
NA
NA
0.27
0.18
0.44
0.40
0.21
4.6
3.8
4.9
3.4
2.9
47.8
41.0
49.2
33.8
40.6
1.15 4.2 35.0
-0.03 -0.4 6.5
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
0.55
5.6 62.0
S
Schroder Funds:
NAmerEqInv n 17.61
Schwab Funds:
1000 Inv nr
65.24
23.57
CoreEq n
DivEqSel n
16.89
FunIntlLgInst nr 10.01
FunUSLgInst nr 17.99
HlthCare n
25.35
InflProSel n
11.00
IntI Sel nr
21.83
IntlMstr S r nr 27.60
MT AllEq n
19.54
MT Gro n
23.80
S&P Sel n
42.95
SmCp Sel nr
31.78
SmCpEqSel nr 21.85
Trgt2020 nr
14.41
16.12
Trgt2030 nr
Trgt2040 nr
17.45
TSM Sel nr
49.22
TxFrBd n
11.66
USSmCoIdx nr 15.42
SEI Portfolios:
CoreFxIn F
11.24
10.50
EMktDbt F
HiYld F
7.22
IntlEmg F
13.42
IntlEq F
12.03
IntMuni F
11.63
LgCapGr F
36.02
26.48
LgCVal F
MgdVol F
18.02
ShtGov F
10.30
TaxMgdLC F
26.57
TaxMgdSmMdCp F 23.78
Selected Funds:
AmShD n
42.93
42.86
AmShS pn
Sequoia:
SequoiaFd n
177.56
Sit Funds:
DivGwth n
17.38
US Gov n
10.85
SoundShoreInv n:
SoundShoreInv n 47.66
Spirit of America:
Energy Fund
4.43
SSgA Funds:
SP500 n
39.36
State Farm Associate:
Balan n
70.30
Gwth n
83.01
Muni n
8.62
State Farm Retail:
500IdxPremier 20.73
LP2020Premier 15.09
LP2030Premier p 16.78
LPRetrPremier p 13.62
State Street Institu:
IntlEq (ICL)
14.43
SmCapEq (ICL) 20.21
State Street V.I.S.:
TR V.I.S. Cl 1
20.42
TR V.I.S. Cl 3
20.36
0.28
4.0 43.3
1.04
0.36
0.28
0.16
0.33
0.33
-0.05
0.30
0.38
0.31
0.31
0.68
0.65
0.46
NA
NA
NA
0.80
-0.05
0.27
4.2
3.8
3.4
5.0
4.2
4.7
-0.6
4.5
4.3
4.2
3.3
4.3
3.7
3.9
NA
NA
NA
4.2
-0.4
3.3
44.5
40.3
29.9
36.9
39.9
26.6
4.1
33.9
43.4
40.3
32.6
46.0
40.8
38.6
NA
NA
NA
44.7
5.5
39.3
-0.02
0.03
-0.01
0.06
0.10
-0.05
0.58
0.50
0.12
-0.01
0.46
0.47
-0.4
1.8
0.7
3.8
3.4
-0.4
5.3
4.0
1.7
-0.1
4.4
3.8
6.3
16.2
20.4
37.9
34.9
6.0
42.2
34.6
31.0
1.3
37.3
34.4
0.96
0.96
5.8 56.4
5.7 54.9
3.55
4.7
8.3
0.25 3.5 40.0
-0.03 -0.2 2.8
0.65
3.9 34.9
0.15
7.3 -12.5
0.63
4.3 45.7
0.50 2.3 23.8
0.98 3.6 36.2
-0.03 -0.4 6.2
0.32
0.06
0.11
0.06
4.3
1.3
2.1
1.3
43.8
17.8
24.2
15.4
0.19
0.35
4.4 27.6
3.6 44.4
0.16
0.16
2.4 25.2
2.4 24.3
Net YTD 3-Yr.
NAV Chg. % Ret. % Ret.
SteelPath MLP Fds:
AlphaY
8.77
IncomeY
7.01
Sel40Y
9.16
SP AlphaA
8.55
SP IncomeA
6.82
Sterling Capital Fds:
20.11
MidCpValTr
SmCap
89.19
TotRetBdI
10.54
0.30
0.24
0.30
0.29
0.23
6.5
7.3
6.0
6.5
7.1
-8.1
-10.4
-3.0
-8.7
-11.1
0.58 4.8 38.7
1.73 3.3 44.5
-0.02 -0.4 7.3
T
TCW Funds:
CoreFxInc n
10.93
EmMktInc n
8.60
26.09
SelEqtyI n
TotRetBondI n 9.87
TCW Funds N:
TotRetBdN pn 10.18
Templeton Class A:
TGlTotRA
12.19
Templeton Instit:
IntlEqSer Primar 22.66
Third Avenue:
REVal Inst nr
34.91
ValueInst n
55.36
Thompson IM Fds,Inc:
Bond n
11.40
Thornburg Fds:
IncBuildA t
22.44
IncBuildC p
22.42
IntVal I
26.46
25.64
IntValA p
LtdTIn
13.36
LtdTIncI
13.36
LtdTMuA
14.29
LtdTMu I
14.30
Thornburg Fds Cl C:
LtdTMuC t
14.32
Thrivent Funds A:
DivrIncPlus
7.50
LgCpStk
28.47
MidCapStk
26.23
11.33
MuniBd
Thrivent Funds S:
LgCpVal
24.04
TIAA-CREF/Retail Cl:
EqIdx n
20.85
Gro&Inc n
19.97
HighYld n
9.90
LrgCpGro n
20.96
MgdAlloc n
13.23
TIAA/CREF Funds:
BdIdxInst
10.76
BdPlsInst
10.41
BondInst
10.35
EnItlEqIdxInst 8.65
EnLCGrIdxInst 14.22
EnLCVal IdxInst 10.73
EqIdxInst
20.47
Gr&IncInst
14.97
Gr&IncRet
15.23
HgYldInst
9.85
InflLkdBdInst 11.30
IntlEqIdxInst
21.09
21.56
IntlEqIdxRet
IntlEqInst
14.10
IntlEqRet
14.62
LC2015Ret
12.58
LC2020Ret
13.34
LC2025Ret
13.84
LC2030Ret
14.26
LC2035Ret
14.83
LC2040Inst
11.40
LC2040Ret
15.39
LC2045Ret
13.10
LCIdx2020Inst 16.96
LCIdx2025Inst 17.89
LCIdx2035Inst 19.80
LCIdx2045Inst 20.65
LCIdx2040Inst 20.49
LrgCpGrIdxInst 30.26
LrgCpGrIdxRet 30.49
LrgCpGrInst
21.00
LrgCpVl IdxInst 20.26
LrgCpVl IdxRet 20.60
LrgCpVl Inst
19.86
LrgCpVlRet
19.79
MdCpGrInst
23.61
MdCpVl Inst
24.22
MdCpVlRet
24.09
RealSecInst
14.82
S&P500IdxInst 30.87
S&P500IdxRet 30.69
ShTrmBdInst 10.30
SmCpBl IdxInst 22.07
SmCpBl IdxRet 22.17
SmCpEqInst
19.81
SmCpEqRet
19.32
SocChEqInst 20.02
Tocqueville Funds:
Gold tn
37.30
IntlVal pn
18.36
Tortoise Capital:
TorMLPPipInsCl 14.13
Touchstone Family Fd:
-0.03
-0.01
0.35
-0.03
-0.5 4.0
0.7 26.5
4.7 46.6
-0.6 4.7
-0.03 -0.5
3.9
-0.06 1.2
7.9
NA
NA
NA
0.23
0.97
1.7 24.9
3.9 25.4
0.01
0.1 12.2
0.15
0.14
0.31
0.30
-0.02
-0.02
-0.02
-0.02
2.4
2.4
4.7
4.7
-0.2
-0.2
-0.1
0.0
22.1
19.6
37.1
35.6
5.2
6.4
2.5
3.6
-0.02 -0.1
1.8
0.03
0.52
0.53
-0.04
1.2 17.3
5.0 39.0
3.7 61.4
-0.3 6.1
0.64
5.4 44.4
0.34
0.34
-0.02
0.41
0.13
4.1
4.7
0.8
5.9
2.7
43.7
46.6
18.2
54.8
28.9
-0.03
-0.02
-0.02
0.13
0.23
0.17
0.33
0.25
0.26
-0.03
-0.03
0.30
0.30
0.36
0.38
0.09
0.11
0.14
0.16
0.18
0.16
0.22
0.20
0.13
0.16
0.22
0.28
0.26
0.47
0.48
0.40
0.32
0.32
0.38
0.37
0.39
0.35
0.35
-0.44
0.49
0.48
0.00
0.45
0.45
0.43
0.41
0.38
-0.5
-0.3
-0.3
5.0
4.9
3.5
4.2
4.8
4.7
0.7
-0.4
4.6
4.5
6.1
6.1
2.0
2.3
2.7
3.2
3.5
3.9
4.0
4.2
2.2
2.5
3.2
3.9
3.6
5.0
5.0
5.8
3.4
3.4
4.3
4.3
4.8
3.3
3.3
-4.7
4.3
4.2
0.0
3.7
3.7
3.7
3.7
4.4
4.7
9.1
8.3
33.5
58.9
34.0
44.9
47.9
46.9
19.0
2.4
34.6
33.6
42.5
41.5
23.7
26.3
29.5
32.5
35.5
39.5
38.5
40.1
24.2
27.3
33.6
38.3
36.7
56.2
55.1
56.3
34.5
33.5
35.2
34.1
36.2
29.5
28.5
10.8
46.0
45.0
4.6
41.7
40.6
45.8
44.7
42.5
0.31
0.22
1.4 3.3
4.7 44.7
0.27
4.9
2.6
Data provided by
Net YTD 3-Yr.
NAV Chg. % Ret. % Ret.
FlexIncY
11.03 0.01
FocEqY
45.63 0.77
LagCapFoc A p 44.03 0.73
MdCpY
33.69 0.41
SandsCapGrI 22.01 0.43
SandsCapGrY 15.57 0.30
SmCoA p
5.39 0.07
Transamerica A:
AsAlCnsrv p
11.28 0.05
AsAIGrow p
15.79 0.21
12.33 0.09
AsAlMod p
AsAlModGr p 13.79 0.14
Balanced
28.65 0.26
Transamerica C:
AsAlGrow t
15.33 0.20
AsAlMod t
12.32 0.09
13.78 0.13
AsAlModGr t
Trust for Professional Ma:
PMCDiversfdEqty n 28.50 0.42
PerfTrstStratBdF n 22.58 -0.04
SmeadValueInstl 48.75 1.11
Tweedy Browne Fds:
GblValue n
29.36 0.42
Value n
24.70 0.39
0.2
5.1
4.1
3.6
6.9
6.9
3.3
13.5
41.5
45.2
37.3
35.7
35.1
44.2
1.4
4.0
2.2
3.0
2.4
17.0
36.7
21.5
28.2
25.7
3.9 33.7
2.1 18.8
2.9 26.2
4.2 31.6
-0.3 14.6
4.9 40.2
3.1 24.9
3.5 27.0
U
Ultimus:
LyricalUSVlEqI n
UM Funds:
BehavVal
BehavValA t
USAA Group:
AgvGt n
CA Bd n
CapGr n
CrnrsMod n
CrnstModAggr n
ExtMktIn n
Gr&Inc n
Grwth n
HiIncm n
Inco n
IncStk n
Intl n
IntmTerm n
IntTerBd n
LgTerm n
Nasdaq100 n
S&PIdx n
S&PReward n
SciTech n
ShtT n
ShtTBndA n
SmCpStk n
TarRet2020 n
TarRet2030 n
TarRet2040 n
TarRet2050 n
VA Bd n
ValueFd n
WldGr n
19.47 0.33
4.6 40.0
72.07 1.42
70.42 1.39
3.1 51.3
3.0 49.4
46.26
11.04
13.05
15.28
26.57
19.61
26.47
32.15
8.24
13.09
20.48
34.67
13.29
10.62
13.37
18.91
39.62
39.63
28.01
10.45
9.15
18.20
13.12
14.23
14.74
14.98
11.30
22.66
33.51
0.89
-0.05
0.30
0.11
0.23
0.30
0.63
0.51
0.00
-0.01
0.23
0.46
-0.06
-0.02
-0.06
0.30
0.63
0.62
0.33
-0.01
0.00
0.35
0.09
0.14
0.18
0.19
-0.06
0.48
0.32
5.7
-0.4
5.3
2.0
2.4
3.3
5.2
5.3
0.7
-0.4
2.7
4.2
-0.4
-0.3
-0.4
5.7
4.3
4.3
5.9
0.0
0.0
3.7
2.0
2.8
3.4
3.7
-0.4
4.5
3.8
48.5
8.3
46.5
16.6
18.5
37.3
43.9
54.0
16.3
9.2
33.9
39.4
6.9
9.3
8.6
65.3
45.2
45.7
63.2
2.1
5.2
32.4
21.2
27.1
31.2
33.1
7.0
35.7
37.8
-0.02
0.20
0.20
0.03
0.00
0.42
-0.01
0.12
0.24
0.46
0.41
0.41
0.48
0.40
0.37
0.67
-0.03
0.31
-0.3
2.9
4.3
4.7
0.9
5.1
0.0
4.6
3.7
3.4
3.5
6.4
3.7
3.9
4.2
4.3
0.2
5.2
6.6
42.9
30.0
41.2
18.3
31.8
5.1
32.9
58.7
42.9
36.1
76.6
40.2
36.7
43.1
44.9
12.9
49.9
V
VALIC:
CoreBd
11.17
14.00
CoreVal
FrgnVal
11.58
GlobEq
9.89
HighYdBd
7.96
HlthSci
22.88
InflPro
11.29
IntlEq
8.01
IntlSmCpEq
21.86
MidCpIdx
30.43
MidCpVal
23.94
SciTech
31.72
SmCpIdx
23.66
SmCpVal
16.32
SocResp
22.93
42.55
StckIdx
StraBd
11.51
ValUltra
17.78
Van Eck Funds:
19.37
EmgMktsY
VANGUARD ADMIRAL:
400MCpIdxInst 263.68
500Adml n
257.38
BalAdml n
35.51
CAITAdml n
11.73
12.14
CALTAdml n
CapOpAdml nr 163.66
CoStIxAd nr
71.76
DivAppIdxAdm n 28.66
EMAdmr n
40.07
EnergyAd nr
52.97
EnergyAdml nr 107.18
EqIncAdml n
80.19
EuropeAdml n 77.25
ExplrAdml n
92.32
ExtndAdml n
87.80
FinIxdAd nr
36.67
GNMAAdml n 10.42
GroIncAdml n 80.43
GrwthAdml n 75.93
HltClxAd nr
80.97
-0.09 3.4 36.6
4.04
4.08
0.32
-0.05
-0.07
3.92
-0.34
0.42
0.32
1.63
2.75
0.95
1.13
1.76
1.59
1.00
-0.02
1.33
1.18
1.48
3.5
4.3
2.3
-0.3
-0.6
6.5
-0.3
3.6
5.0
7.2
6.3
2.9
4.4
4.4
3.6
4.5
-0.3
4.3
4.9
5.0
43.6
46.2
27.9
7.0
10.0
58.6
24.8
40.6
30.8
10.4
22.8
42.8
32.8
41.5
39.6
59.9
4.8
45.7
49.2
30.8
Net YTD 3-Yr.
NAV Chg. % Ret. % Ret.
HlthCareAdml nr
HYCorAdml nr
InfProAd
InfTechIdx n
IntlGrAdml n
ITBondAdml n
ITCorpIx
ITTresIdx
ITIGradeAdml n
ITsryAdml n
LarCapAd
LTGradeAdml n
LTsryAdml n
MidCpAdml n
MorgAdml n
MuHYAdml n
MuIntAdml n
MuLTAdml n
MuLtdAdml n
MuShtAdml n
NJLTAdml n
NYLTAdml n
PacifAdml n
PALTAdml n
PrmcpAdml nr
REITAdml nr
S&PSC600Idx
SmCapAdml n
SmGthAdml n
STBondAdml n
STCorpIx
STFedAdml n
STIPSIxAdm n
STIGradeAdml n
STsryAdml n
TotBdAdml n
TotIntBdIdxAdm n
TotIntlAdmIdx nr
TotStAdml n
TxMBal nr
TxMCapAdml n
TxMIn nr
TxMSC nr
USGroAdml n
UtilIxAd nr
ValAdml n
WdsrllAdml n
WellsIAdml n
WelltnAdml n
WndsrAdml n
VANGUARD FDS:
AWxUSSCInv nr
CAIT n
CapOp nr
CapValue n
Convrt n
DevMktsIndInv n
DivAppIn n
DivdGro n
DivrEq n
EmgMktSelStk n
Energy nr
EqInc n
Explr n
EXPValFd n
FTAlWldIn nr
FTAlWldInAdml n
GlbEq n
GloMinVolFdAdm n
GNMA n
GroInc n
HiDvdYld n
HlthCare nr
HYCor nr
InflaPro n
IntlExplr n
IntlGr n
IntlVal n
INSTTRF2015
INSTTRF2020
INSTTRF2025
INSTTRF2030
INSTTRF2035
INSTTRF2040
INSTTRF2045
INSTTRF2050
INSTTRF2055
INSTTRF2060
INSTTRFINC
ITIGrade n
ITTsry n
LifeCon n
LifeGro n
LifeInc n
LifeMod n
LTIGrade n
LTTsry n
MATxEx n
MgdPayFdInv n
MidCpGro pn
MktNeuInv nr
Morg n
MuHY n
MuInt n
MuLong n
MuLtd n
MuSht n
90.51
5.94
25.44
88.82
101.82
11.27
23.43
21.45
9.69
10.99
64.50
10.51
12.16
198.86
96.07
11.37
14.07
11.60
10.89
15.72
12.07
11.71
94.05
11.53
141.62
111.45
290.06
73.14
58.52
10.35
21.57
10.59
24.46
10.61
10.53
10.69
21.64
31.85
69.49
31.29
143.04
15.02
63.82
99.41
55.83
42.94
70.21
65.72
74.40
82.38
1.32
-0.01
-0.13
0.97
1.83
-0.05
-0.04
-0.07
-0.03
-0.04
1.03
-0.04
-0.12
3.16
1.93
-0.07
-0.06
-0.06
0.00
0.00
-0.07
-0.05
1.02
-0.08
2.89
-3.48
6.06
1.23
0.93
-0.01
0.00
-0.01
0.00
-0.01
-0.01
-0.03
-0.05
0.35
1.13
0.19
2.27
0.17
1.32
1.43
-1.23
0.71
1.24
0.18
0.87
1.52
4.4
0.5
-0.6
5.3
6.5
-0.7
-0.4
-0.6
-0.5
-0.7
4.3
-1.2
-1.9
3.8
5.9
-0.5
-0.3
-0.5
0.1
0.1
-0.5
-0.4
4.5
-0.6
6.0
-5.2
3.6
3.3
3.5
-0.2
-0.1
-0.2
0.0
-0.1
-0.1
-0.5
-0.3
4.4
4.2
1.9
4.2
4.2
3.6
5.1
-4.5
3.7
4.6
0.6
2.5
4.3
25.4
18.2
4.4
75.5
57.0
5.6
9.9
2.3
8.1
2.5
45.6
13.5
2.0
37.8
53.5
11.8
6.7
9.9
3.2
2.1
10.6
9.5
45.5
10.2
58.0
4.4
49.3
39.2
37.1
2.7
5.7
2.3
3.3
5.6
1.7
4.9
7.2
35.7
44.8
24.8
47.4
37.2
47.9
51.4
20.1
42.7
36.9
21.1
31.5
38.5
47.09
11.73
70.85
13.72
13.73
11.63
42.26
27.49
36.58
24.00
57.13
38.26
99.21
37.91
22.52
35.47
32.59
27.32
10.42
49.28
34.95
214.61
5.94
12.96
22.12
32.00
41.67
22.33
23.00
23.44
23.78
24.12
24.47
24.69
24.72
24.76
24.76
21.72
9.69
10.99
20.24
34.78
15.63
27.78
10.51
12.16
10.78
19.53
27.76
11.76
30.99
11.37
14.07
11.60
10.89
15.72
0.48
-0.05
1.70
0.16
0.09
0.14
0.63
0.40
0.64
0.25
1.47
0.46
1.89
0.71
0.25
0.38
0.30
0.02
-0.02
0.82
0.48
3.12
-0.01
-0.07
0.26
0.57
0.59
0.11
0.16
0.20
0.23
0.26
0.29
0.31
0.31
0.31
0.31
0.07
-0.03
-0.04
0.08
0.38
0.01
0.21
-0.04
-0.12
-0.06
0.13
0.57
0.03
0.63
-0.07
-0.06
-0.06
0.00
0.00
3.8
-0.3
6.5
3.1
2.2
4.2
3.6
3.5
4.7
5.4
6.3
2.9
4.4
3.4
4.5
4.4
4.1
1.0
-0.3
4.3
3.1
4.4
0.5
-0.6
3.9
6.5
4.5
1.5
2.1
2.5
2.9
3.2
3.6
3.7
3.8
3.8
3.8
1.0
-0.5
-0.7
1.4
3.3
0.4
2.4
-1.2
-1.9
-0.6
2.2
5.1
0.9
5.9
-0.5
-0.3
-0.5
0.1
0.1
42.5
6.7
58.3
20.4
17.4
36.8
40.3
37.5
42.5
38.8
22.6
42.5
41.0
41.5
34.7
35.1
44.1
34.1
4.4
45.2
41.9
25.2
17.9
4.1
56.9
56.4
33.7
NS
NS
NS
NS
NS
NS
NS
NS
NS
NS
NS
7.8
2.2
18.9
33.2
12.0
26.0
13.2
1.7
8.3
24.3
31.0
3.1
53.0
11.4
6.4
9.6
2.9
1.8
Net YTD 3-Yr.
NAV Chg. % Ret. % Ret.
OHLTte n
12.53
PrecMtlsMing nr 10.86
Primcp nr
136.62
28.42
PrmcpCor n
SelValu nr
32.46
STAR n
27.60
10.59
STFed n
10.61
STIGrade n
STIPSixInv n
24.43
StratgcEq n
35.36
StrSmCpEqInv n 36.90
10.53
STTsry n
TgtRe2015 n
15.57
TgtRe2020 n
32.04
TgtRe2025 n
18.96
34.59
TgtRe2030 n
TgtRe2035 n
21.35
TgtRe2040 n
37.05
23.34
TgtRe2045 n
TgtRe2050 n
37.57
TgtRet2055 n 40.71
35.94
TgtRe2060 n
TgtRetInc n
13.69
TotIntBdIxInv n 10.82
38.37
USGro n
19.81
USValue n
WellsI n
27.13
43.08
Welltn n
Wndsr n
24.43
39.57
WndsrII n
VANGUARD INDEX FDS:
500 n
257.37
Balanced n
35.51
EmerMkt nr
30.52
Europe n
33.17
Extnd n
87.84
ExtndIstPl
216.66
FTAIWdInPl
119.08
FTSESoc n
18.21
Growth n
75.94
IdxITB n
11.27
28.95
ITCorpIxInst
LTBond n
14.24
MdCpGrAdml n 57.08
MdCpVlAdml n 59.92
45.54
MdCpVlIn n
MidCp n
43.84
REIT nr
26.13
RUSS2000IdxInst 242.60
SmCap n
73.12
SmGth n
46.81
SmVal n
32.84
SmValAdml n 58.85
STBond n
10.35
TotBd n
10.69
TotBd2 n
10.65
TotIntl n
19.04
TotSt n
69.46
TtlWldIxInv nr 31.51
Value n
42.94
VANGUARD INSTL FDS:
BalInst
35.52
DevMktsIndInst 15.04
DevMktsInxInst 23.51
EmgMktInstPl 101.37
30.47
EmMkInst r
EuroInst
32.94
ExDurTrsInst 35.35
ExtndInst
87.79
FTAlWldIst r
112.45
18.22
FTScinst
GrwthInst
75.93
InPrSeIn
10.36
InstIdx
253.88
InstPlus
253.90
61.93
InstTStIdx
InstTStPlus
61.94
ITBdInst
11.27
ITBdInstPI
11.27
LaCapInst
265.49
LTBdInst
14.24
LTBdInstPl
14.24
LTCorplxinst 31.62
MidCpInst
43.93
MidCpIstPl
216.65
REITInstl r
17.25
Rs1000GrwIdxInst 278.36
Rs1000Vl IdxInst 218.88
Russ1000IdxInst 247.05
Russ3000Idx 246.72
SmCapInst
73.14
SmCapIstPl
211.12
SmGthInst
46.86
SmValInst
32.90
STBdIdxInstPl 10.35
10.35
STBDInst
STCorpIxInst p 26.40
STIGradeInst 10.61
STIPSIxins
24.47
TotBdInst
10.69
TotBdInst2
10.65
TotBdInstPl
10.69
TotIntBdIdxInst 32.47
TotIntlInstIdx r 127.36
TotItlInstPlId r 127.39
TotStInst
69.50
TtlWrldIxInst p 157.90
-0.07
0.08
2.79
0.60
0.61
0.29
-0.01
-0.01
-0.01
0.63
0.67
-0.01
0.08
0.22
0.16
0.32
0.23
0.44
0.29
0.47
0.51
0.44
0.04
-0.03
0.55
0.34
0.07
0.50
0.45
0.70
-0.6
1.6
6.0
5.7
3.8
3.0
-0.2
-0.1
0.0
4.1
3.6
-0.1
1.6
2.1
2.5
2.9
3.2
3.6
3.7
3.8
3.8
3.8
1.0
-0.3
5.1
3.4
0.7
2.5
4.3
4.6
10.1
14.6
57.6
53.4
41.8
30.4
2.0
5.3
3.0
39.6
36.1
1.4
20.1
24.3
27.6
30.1
32.9
35.5
36.7
36.7
36.5
36.5
15.0
7.1
50.8
35.6
20.9
31.2
38.1
36.5
4.07
0.32
0.25
0.48
1.58
3.92
1.29
0.25
1.18
-0.05
-0.06
-0.07
0.71
1.13
0.86
0.70
-0.81
4.93
1.23
0.74
0.58
1.04
-0.01
-0.03
-0.03
0.21
1.12
0.42
0.71
4.3
2.3
5.0
4.4
3.6
3.6
4.4
4.2
4.9
-0.7
-0.4
-1.1
3.9
3.8
3.8
3.8
-5.2
3.7
3.3
3.5
3.2
3.2
-0.2
-0.5
-0.6
4.4
4.1
4.3
3.7
45.7
27.4
30.2
32.2
39.0
39.7
35.3
46.2
48.7
5.4
10.0
8.9
35.4
39.7
39.2
37.3
4.0
41.1
38.7
36.6
40.3
40.8
2.5
4.6
4.5
35.4
44.4
40.0
42.2
0.32
0.17
0.27
0.82
0.25
0.48
-0.46
1.58
1.22
0.24
1.18
-0.06
4.03
4.03
1.00
1.01
-0.05
-0.05
4.26
-0.07
-0.07
-0.01
0.70
3.45
-0.54
4.39
3.45
3.90
3.97
1.23
3.56
0.74
0.59
-0.01
-0.01
-0.01
-0.01
-0.01
-0.03
-0.03
-0.03
-0.08
1.38
1.39
1.13
2.13
2.3
4.2
4.2
4.9
5.0
4.4
-2.6
3.6
4.4
4.2
4.9
-0.7
4.3
4.3
4.1
4.2
-0.7
-0.7
4.3
-1.1
-1.1
-0.7
3.8
3.8
-5.2
5.0
3.4
4.2
4.1
3.3
3.3
3.5
3.2
-0.2
-0.2
-0.2
-0.1
0.0
-0.5
-0.6
-0.5
-0.3
4.4
4.4
4.2
4.3
27.9
37.2
37.3
31.1
31.0
32.9
0.6
39.7
35.2
46.5
49.2
4.4
46.2
46.3
45.0
45.1
5.7
5.7
45.7
9.2
9.3
14.4
37.8
37.9
4.4
56.2
34.2
44.8
44.6
39.3
39.3
37.1
40.9
2.9
2.8
5.8
5.7
3.4
4.9
4.7
5.0
7.4
35.8
35.9
44.9
40.4
Net YTD 3-Yr.
NAV Chg. % Ret. % Ret.
TxMCaInst r
ValueInst
Victory Funds:
EstValA
EstValI
EstValR p
SmCap Grwth p
SmCoOppA
SmCoOppI
VirtusFunds:
CeredexLgCpVlEqI
CeredexMdCpVlEqI
CeredexSmCpVal I
GvSecUltShtBdI
TotRetBd I
VirtusFunds Cl A:
EmMktA
MulSStA p
VirtusFunds Cl C:
MulSStC p
VirtusFunds Cl I:
EmMktI
ForOppI
MulSStI
SmCapSusI
Voya Fds:
InmdBdI
RealEstI
TRPGrEqI
71.08 1.13
42.93 0.70
4.2 47.6
3.7 42.7
41.59 NA NA NA
41.60 NA NA NA
41.09 NA NA NA
84.53 1.50 4.4 45.5
48.25 NA NA NA
48.67 NA NA NA
16.96
12.89
12.23
10.01
10.36
0.23
0.08
0.18
0.00
-0.02
3.7 35.1
1.8 32.2
2.2 40.8
-0.1 1.8
-0.5 4.2
12.00 0.00 2.7 27.3
4.75 -0.01 0.1 8.9
4.82 0.00
12.40
36.18
4.76
29.20
0.1
8.4
0.00 2.6 28.3
0.00 1.9 35.4
0.00 0.1 9.9
0.67 5.3 88.3
10.07 -0.02 -0.3 8.4
16.09 -0.41 -4.5 2.0
98.35 1.65 5.5 61.3
WXYZ
Waddell&Reed Advsrs:
10.29
AccmA
Con IncA
9.97
Hi IncA
6.77
HilncY p
6.77
MunHiA
4.73
NCcptA p
11.85
13.42
NCcptY r
Sc TechA
17.60
20.06
ScTechY r
SmCapA p
17.14
11.71
VangA
WilshireGlAll A p 8.80
WilshireGlAl Y r 8.90
Wasatch:
CoreGr n
70.79
IntlGr n
35.15
45.08
SmCapGr n
WCM Focus Funds:
WCMFocIntlGrwIns 16.11
Weitz Funds:
PIIIOpp n
15.01
ShtDurIncInst n 12.20
44.90
ValueInv n
Wells Fargo Adv Admi:
Growth
40.24
MdCpValAdm 39.18
Wells Fargo Adv Cl A:
AstAllA p p
14.79
24.00
CmStkA p p
DivCapBldr
10.71
IdxAstAllA
33.72
50.60
OmegaGwth
OpptyA
44.92
PremLgCoGrthA 13.94
SpSmCpValA p p 36.11
UlStMuIncA
9.57
Wells Fargo Adv Cl C:
14.35
AstAllC p/r t
Wells Fargo Adv Inst:
CoreBd
12.81
Growth
43.43
39.50
MdCpVal
UlStInc
8.47
UlStMuInc
9.57
Westcore:
PlusBd n
10.66
Western Asset:
12.60
CoreBondI
CoreBondIS
12.62
CorePlusBdA 11.79
CorePlusBdI
11.80
CorePlusBdIS 11.79
IntermTermMuniA 6.39
IntermTermMuniC 6.40
IntermTermMuniI 6.39
ManagedMuniA 16.26
ManagedMuniC 16.27
ManagedMuniI 16.28
ShortDurMuniC 5.07
TotalRetUnconI 10.80
Westwood:
IncomeOppI
16.12
Wilmington Funds:
Intl Inst
9.57
Wm Blair Funds Cl I:
IntlGthI r
32.37
21.23
SmCapValI
SmMidI r
25.52
Wm Blair Funds Cl N:
31.62
IntlGthN n
Wm Blair Funds Inst:
EmgMktGth
17.15
IntlGth
18.78
0.16
0.14
0.00
0.00
-0.01
0.25
0.28
0.30
0.33
0.29
0.25
0.08
0.09
3.9
3.4
1.1
1.1
-0.1
5.1
5.2
6.8
6.8
3.8
6.0
2.9
3.0
30.5
19.1
17.7
18.6
8.0
35.5
36.7
39.1
40.1
45.9
49.8
8.0
9.1
1.06
0.09
0.62
3.6 51.4
2.1 45.9
4.0 32.8
0.00
2.4 46.6
0.29 4.0 9.4
0.00 -0.1 4.5
0.90 5.3 21.8
0.74
0.60
5.8 48.4
3.1 37.2
NA
0.51
0.22
0.30
1.00
0.85
0.22
0.83
0.00
NA
4.4
5.4
2.4
5.6
4.8
5.5
3.6
0.0
NA
41.5
45.2
24.7
46.6
39.4
41.8
45.8
0.8
NA
NA
NA
-0.03
0.81
0.61
0.00
0.00
-0.5
5.8
3.1
0.1
0.0
5.3
49.4
38.2
3.9
1.7
-0.03 -0.5
7.3
-0.03
-0.03
-0.02
-0.02
-0.02
-0.03
-0.03
-0.03
-0.08
-0.08
-0.08
0.00
0.01
-0.4
-0.4
-0.3
-0.2
-0.2
-0.4
-0.4
-0.4
-0.5
-0.5
-0.5
0.0
0.4
9.3
9.5
10.8
12.1
12.2
5.4
3.6
5.9
7.1
5.3
7.4
0.5
14.6
0.16
2.0 18.5
0.09
4.0 36.9
0.25
0.37
0.44
4.0 32.4
2.6 35.8
4.2 52.0
0.25
4.0 31.3
-0.03 4.0 33.3
0.14 3.9 32.8
M32
BARRON’S
January 15, 2018
Weekly Closed-End Funds
For personal Do not edit or alter. Reproductions not permitted.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or
Fund Name (Symbol)
Friday, January 12, 2018
Stock
Exch NAV
General Equity Funds
Adams Diversified Equity (ADX) ......
AdvntClymrEnhG&I (LCM) .............
Boulder Growth & Income (BIF) ......
Central Secs (CET)-c ........................
CohenStrsCEOppFd (FOF) ..............
Cornerstone Str Val (CLM) ..............
Cornerstone Total Return (CRF) ......
Eagle Capital Growth (GRF)-c ...........
EVTxAdvDivIncm (EVT) ..................
Engex (EXGI) ..................................
Equus II (EQS) ................................
Foxby Corp (FXBY) .........................
GabelliDiv&IncTr (GDV) .................
Gabelli Equity Tr (GAB)-h .................
GeneralAmer (GAM) .......................
GuggenhEnhEq (GPM) ...................
JHancockTaxAdvDiv (HTD) ............
Librty AllStr Eq (USA) .....................
Librty AllStr Gr (ASG) ......................
NuvTaxAdvTRStrat (JTA) ...............
Royce Micro-Cap Tr (RMT) .............
Royce Value Trust (RVT) .................
Source Capital (SOR) ......................
Special Opportunities (SPE) ............
Sprott Focus Trust (FUND) ..............
Tri-Continental (TY) ........................
Specialized Equity Funds
Adams Natural Resources (PEO) ....
GI NFJ DivInt&PremStr (NFJ) .........
AlpineGlbPremProp (AWP) ............
ASA Gold & Prec Met Ltd (ASA) .......
BR Enh C&I (CII)-a ...........................
BlackRock Energy & Res (BGR)-a ....
BlackRock Eq Enh Div (BDJ)-a ..........
BlackRock Enh Glbl Div (BOE)-a .......
BlackRock Enh Intl Div (BGY)-a ........
BlackRock Hlth Sciences (BME)-a ....
BlackRock Res & Comm (BCX)-a .....
BlackRock Sci&Tech Trust (BST)-a ..
BlackRock Utl Inf & Pwr (BUI)-a .......
Brookfield Gl Lsd Infr (INF) .............
CBRE ClrnGlbRlEst (IGR) ................
Center Coast MLP & Infra (CEN)-a ....
Centrl Fd Canada (CEF) ...................
ClearBridge Amer Engy ML (CBA) ...
ClearBridge Energy MLP (CEM) ......
CLEARBRIDGE ENGY MLP OPP (EMO)
CLEARBRIDGE ENGY MLP TR (CTR)
ChnStrGlbIncBldr (INB) ..................
ChnStrInfr (UTF) .............................
COHEN & STEERS MLP INC&E (MIE)
Cohen&SteersQualInc (RQI) ...........
CohenStrsREITPref (RNP) ..............
Cohen&Steers TotRet (RFI) ............
Columbia Sel Prm Tech Gr (STK) .....
Cushing Energy Income (SRF) ........
CushingMLPTotRet (SRV)-d ............
Cushing Renaissance (SZC) ............
DNP Select Income (DNP) ..............
Duff&Ph Glbl Util Inc Fd (DPG) ........
Duff&Ph Sel Engy MLP Fd (DSE) .....
EtnVncEqtyInc (EOI) .......................
EtnVncEqtyIncoII (EOS) .................
EVRskMnDvsEqInc (ETJ) ...............
ETnVncTxMgdBuyWrtInc (ETB) .....
EtnVncTxMgdBuyWrtOpp (ETV) .....
EvTxMnDvsEqInc (ETY) .................
EtnVncTxMgdGlbB (ETW) ..............
EVTxMnGblDvEqInc (EXG) .............
FiducClayMLPOppty (FMO) ............
First Trust Energy Inc G (FEN) .........
First Tr Enhanced Eq (FFA) ..............
First Tr Specialty Fn (FGB) ...............
FirstTrEnergyInfra (FIF) ..................
FirstTrMLPEner&Inc (FEI) ..............
Gab Gl Util & Inc (GLU)-h .................
Gabelli Healthcare (GRX)-h ..............
Gab Utility (GUT)-h ..........................
GAMCOGlGold&NatRes (GGN) .......
GAMCO NR GLD & INC TR (GNT) ....
Goldman Sachs MLP IncOpp (GMZ)
N
N
N
A
N
A
A
A
N
O
N
O
N
N
N
N
N
N
N
N
N
N
N
N
O
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
A
N
A
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
A
N
N
N
N
A
N
N
A
N
N
18.34
9.52
13.53
34.06
14.34
13.89
13.53
9.29
24.52
7.38
3.30
26.28
6.74
42.30
9.31
24.64
7.20
5.91
14.95
10.87
18.25
46.71
9.20
30.80
24.74
15.20
7.60
13.49
17.70
16.42
10.17
13.40
7.16
36.87
11.02
29.16
20.96
15.13
8.89
11.04
10.89
25.25
11.89
12.84
22.05
12.85
21.87
11.52
14.27
21.78
9.38
17.89
6.76
15.62
16.50
10.22
16.53
15.21
12.67
11.91
9.74
14.79
26.73
16.94
6.35
18.84
15.13
22.47
12.11
5.18
5.52
7.20
Market
Price
Prem
/Disc
15.67
8.61
11.53
28.39
13.48
16.06
15.74
7.99
24.15
NA
2.44
NA
24.36
6.45
35.59
9.41
23.42
6.62
5.77
14.21
9.78
16.95
42.07
15.40
8.11
27.60
21.22
13.47
6.88
11.77
16.75
15.30
9.46
12.96
6.78
36.58
10.31
28.70
21.42
13.35
7.81
11.04
13.68
9.34
16.81
13.17
12.93
10.44
24.22
11.12
11.90
20.08
12.59
23.74
9.91
12.85
20.43
10.68
15.89
6.74
14.98
15.99
9.82
17.13
15.48
12.42
12.39
9.64
14.64
27.40
16.21
6.37
18.50
15.97
21.11
10.66
7.15
5.41
6.87
10.14
–
–
–
–
–
+
+
–
–
–
–
–
+
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
+
–
–
+
–
–
–
–
–
–
+
–
–
–
+
–
–
–
–
–
+
+
–
+
–
–
+
–
+
–
+
–
–
+
–
–
14.6
9.6
14.8
16.6
6.0
15.6
16.3
14.0
1.5
NA
NA
NA
7.3
4.3
15.9
1.1
5.0
8.1
2.4
4.9
10.0
7.1
9.9
NA
11.8
10.4
52 Week
Market
Return
32.1
11.5
32.9
32.9
21.4
29.7
27.5
17.9
22.4
NA
16.1
NA
26.4
26.9
21.6
31.1
4.9
36.4
44.3
31.1
27.7
34.6
18.6
18.8
23.1
28.5
14.2
11.3
11.4
13.1
9.5
44.5
12.8 – 0.8
5.4
29.9
6.8
12.8
7.0
23.0
3.3
29.0
5.3
29.7
0.8
16.4
6.4
28.2
1.6
59.9
2.2
22.2
11.8
8.4
12.1
12.4
0.0
2.8
NA
12.4
NA
8.3
NA
14.1
NA
9.7
NA
9.2
4.1
27.7
4.1
30.7
6.5
9.5
7.3
0.5
8.9
10.6
2.0
10.3
8.6
39.6
14.0
6.5
10.0
1.9
6.2
25.4
13.8
9.9
11.2
8.3
0.3 – 2.9
4.1
28.8
3.1
29.9
3.9
17.9
3.6
11.2
1.8
12.2
2.0
29.1
4.0
31.7
1.0
30.7
1.0
7.0
2.5
9.3
4.3
27.7
0.4 – 5.9
1.8
6.9
5.6
6.2
6.1
29.1
12.0
14.9
38.0
22.1
2.0
16.1
4.6
4.6
NA
6.7
a-NAV and market price are ex dividend. b-NAV is fully diluted. cNAV is as of Thursday’s close. d-NAV is as of Wednesday’s close.
e-NAV assumes rights offering is fully subscribed. f-Rights offering
in process. g-Rights offering announced. h-Lipper data has been adjusted for rights offering. j-Rights offering has expired, but Lipper
data not yet adjusted. l-NAV as of previous day. o-Tender offer in
process. Source: Lipper
Data provided by
TRACKING CLOSED - END FUNDS
Fund Name (Symbol)
Charging Bull Market: The Herzfeld Average and the Dow continued to rumble
higher, gaining 1.50% and 1.99%, respectively, for the week ended Thursday. The
average discount on the Herzfeld Average was unchanged at 5.95%.
42700
Net Asset Value
45600
43200
38800
40800
34900
*Herzfeld
Closed-End
Average
31000
38400
2Q
3Q
4Q
1Q
36000
% Disc/Prem From Net Asset Value
-5
-6
-7
-8
-9
-10
-11
-12
27100
23200
Dow Industrials
2Q 17
3Q 17
4Q 17
1Q 18
19300
2Q 17
3Q 17
4Q 17
1Q 18
The Herzfeld Closed-End Average measures 15 equally-weighted closed-end funds based in the U.S. that invest principally in
American equities. The net assest value is a weighted average of the funds' NAVs. Source: Thomas J. Herzfeld Advisors Inc., Miami.
305-271-1900/www.herzfeld.com
Fund Name (Symbol)
Stock
Exch NAV
Goldman Sachs MLP&En Ren (GER)
J Han Finl Opptys (BTO) ..................
MacquarieGlbIInfraTR (MGU) .........
Macquarie/FirstTr Gl (MFD) ............
Madison CovCall & Eq Str (MCN) ....
MdsnStrSectPrem (MSP) ...............
Neuberger Berman MLP Inc (NML) .
NubrgrRlEstSec (NRO)-a .................
Nuv Dow 30 Dyn Overwrite (DIAX) ..
Nuv AC Engy MLP Opps (JMLP)-a ....
NuvCorEqAlpha (JCE) .....................
NuveenDiversDiv&Inc (JDD) ..........
Nuveen Engy MLP Tot Rtn (JMF)-a ...
Nuveen Nasdaq 100 Dyn Ov (QQQX)
Nuv Real Est (JRS) ..........................
Nuveen Rl Asst Inc & Gro (JRI)-a ......
NuvS&P500DynOvFd (SPXX) .........
NuvSP500BuyIncFd (BXMX) ..........
PIMGlbStkPI (PGP)-a ......................
PREDEX (PRDEX) ...........................
Principal Real Est Inc (PGZ)-a ..........
ReavesUtilityIncome (UTG) ............
Resource RE Div Inc:D (N/A) ...........
Resource RE Div Inc:T (N/A) ...........
Resource RE Div Inc:U (N/A) ...........
RMRRealEstInc (RIF) .....................
Salient Midstream & MLP (SMM) ...
Tekla Health Inv (HQH) ....................
Tekla Healthcare Opps (THQ) ..........
Tekla Life Sciences Inv (HQL) ..........
Tekla World Healthcare (THW) ........
Tortoise Energy Ind (NDP) ..............
Tortoise Enrgy Infra Crp (TYG) ........
Tortoise MLP (NTG) ........................
Tortoise Pipelne & Enrgy (TTP) .......
Tortoise Pwr & Engy Infr (TPZ) .......
Voya Asia Pac Hi Div Eq (IAE) ..........
Voya Gl Adv & Prem Opp (IGA) ........
Voya Gl Eq Div & Prem Op (IGD) ......
Voya Itl Hi Div Eqty Inc (IID) ............
Voya Nat Res Eq Inc (IRR) ...............
Wells Fargo Ut & Hi Inc (ERH) .........
Income & Preferred Stock Funds
CalamosStratTot (CSQ) ..................
CohenStrsLtdDurPref&Inc (LDP) ...
CohenStrsSelPref&Income (PSF) ...
Del Div & Inc (DDF)-a .......................
Dividend & Income (DNI) ................
N
N
N
N
N
N
N
A
N
N
N
N
N
N
A
N
N
N
N
N
N
A
A
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
A
N
N
N
N
N
39.00
27.95
13.39
8.48
12.66
10.52
5.40
19.52
9.41
15.30
12.75
12.74
23.55
10.79
19.55
14.50
25.77
19.58
33.06
10.19
10.01
10.04
21.85
12.83
25.38
20.13
21.02
15.39
14.16
31.13
19.92
21.51
22.95
12.14
12.50
8.47
7.49
6.74
13.58
27.33
27.89
12.24
17.61
Market
Price
7.10
40.11
25.40
12.88
7.85
11.90
9.95
5.27
18.91
9.34
15.14
12.17
12.71
25.02
10.70
17.69
17.39
14.26
13.90
NA
17.15
30.48
NA
NA
NA
18.50
11.92
23.81
18.17
20.56
14.27
14.20
31.57
19.61
19.94
21.26
11.16
11.67
8.00
7.51
6.95
13.06
12.61
26.49
28.81
11.00
13.75
Prem
/Disc
+
–
–
–
–
–
–
–
–
–
–
–
+
–
–
–
–
–
–
–
–
–
–
–
+
+
–
–
–
–
–
–
+
+
NA
2.8
9.1
3.8
7.4
6.0
5.4
2.4
3.1
0.7
1.0
4.5
0.2
6.2
0.8
9.5
NA
1.7
NA
NA
12.4
7.8
NA
NA
NA
15.3
7.1
6.2
9.7
2.2
7.3
0.3
1.4
1.6
7.3
7.3
8.1
6.6
5.5
0.3
3.1
NA
– 7.1
– 3.1
+ 3.3
– 10.1
– 21.9
52 Week
Market
Return
–
–
–
–
1.5
17.6
31.3
20.0
10.2
8.0
9.4
8.9
32.0
5.3
33.5
17.9
4.6
38.5
5.8
16.1
27.5
17.6
1.5
NA
16.4
1.2
NA
NA
NA
3.5
3.9
12.5
15.1
22.9
10.9
4.7
12.2
9.8
1.4
3.0
31.6
27.0
26.9
21.9
18.0
14.9
27.5
13.4
13.6
18.0
20.3
Fund Name (Symbol)
Stock
Exch NAV
Eagle Gr and Inc Opps (EGIF) ..........
FirstTrIntDurPref&Inc (FPF) ...........
FlrtyPfd Income (PFD) ....................
FFlrtyPfdIncomeOp (PFO) ...............
Flrty&CrmneDynPfd&Inc (DFP) ......
Flrty&CrmnePfdSec (FFC) ..............
Flrty&CrmneTotRet (FLC) ...............
Gabelli Go Anywhere Tr (GGO) ........
JHanPrefInc (HPI)-a ........................
JHPrefIncII (HPF)-a .........................
HnckJPfdInco III (HPS)-a ................
J Han Prm (PDT) .............................
LMP CapInco (SCD) ........................
Nuveen Pref & I 2022 Trm (JPT)-a ....
Nuveen Pref & Inc Opp (JPC)-a ........
Nuveen Fd (JPS)-a ...........................
Nuveen Pref & Inc Term (JPI)-a ........
Nuveen TxAdvDivGr (JTD) ..............
RiverNorth DL Str Oppty (OPP) .......
RiverNorth Opportunities (RIV)-a ....
TCW Strat Income (TSI) ..................
Virtus Global Div & Inc (ZTR) ..........
Vivaldi Opportunities (XVAMX) .......
Convertible Sec's. Funds
AdvntClymrFd (AVK)-a ....................
Advent Clay Conv Secs (AGC)-a ........
AllianzGI Con & Inc 2024 (CBH)-a ....
GI Conv & Inc (NCV)-a ......................
AGI Conv & Inc II (NCZ)-a .................
AGI Dvs Inc & Conv (ACV)-a .............
AGI Eqty & Conv Inc (NIE) ...............
Bancroft Fund Ltd (BCV) .................
CalamosConvHi (CHY) ...................
CalmosConvOp (CHI) .....................
Ellsworth G&I Fund Ltd (ECF) ..........
Gabelli Conv Sec (GCV) ...................
PutnamHiIncBd (PCF) ....................
World Equity Funds
AbrdnAusEq (IAF) ...........................
Aberdeen Chile (CH) .......................
Aberdeen EM SmCo Opptys (ABE) ..
AberdeenGreaterChina (GCH) .........
Aberdeen Indonesia (IF) ..................
ISL (ISL) .........................................
Aberdeen Japan Equity (JEQ) ..........
Aberdeen Latin Amer Eq (LAQ) ........
Aberdeen Singapore (SGF) .............
AlpineGlobDynamicDiv (AGD) ........
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
19.89
25.00
14.33
11.93
26.32
20.31
21.64
21.15
21.62
21.36
19.03
15.09
N
N
N
N
N
N
N
A
N
N
A
N
N
A
A
A
N
A
A
N
A
N
N
Market
Price
Prem
/Disc
52 Week
Market
Return
16.78
24.25
14.60
11.54
26.74
19.94
21.58
NA
21.49
21.28
18.56
16.32
14.31
24.63
10.14
10.04
24.68
18.15
18.32
20.85
5.63
13.33
NA
– 15.6
– 3.0
+ 1.9
– 3.3
+ 1.6
– 1.8
– 0.3
NA
– 0.6
– 0.4
– 2.5
+ 8.2
NA
– 1.8
– 5.5
– 2.9
– 4.8
– 2.8
NA
+ 3.8
NA
+ 5.3
NA
8.3
12.6
7.3
6.0
19.1
8.7
15.3
NA
10.8
10.7
10.1
16.0
14.7
NS
10.9
14.9
12.2
37.9
5.8
21.4
10.1
32.3
NS
18.01
6.83
9.90
6.71
6.03
23.76
24.22
24.89
11.98
11.35
10.60
5.80
9.84
16.28
6.15
9.22
7.10
6.25
22.89
22.27
22.26
12.10
11.25
9.66
5.81
9.09
– 9.6
– 10.0
– 6.9
+ 5.8
+ 3.6
– 3.7
– 8.1
– 10.6
+ 1.0
– 0.9
– 8.9
+ 0.2
– 7.6
16.2
12.1
NS
21.4
18.4
31.5
26.7
10.4
22.1
18.1
18.9
38.9
13.5
6.70
10.26
16.51
14.51
8.66
22.85
6.58
9.33
15.21
13.27
7.99
20.95
9.48
28.20
13.09
11.20
–
–
–
–
–
–
25.3
53.6
34.9
50.7
28.2
34.6
35.5
39.2
43.8
30.0
25.09
10.73
10.34
25.93
18.68
20.08
12.66
30.76
12.33
–
–
1.7
9.1
7.9
8.5
7.7
8.3
NA
8.3
NA
9.2
Stock
Exch NAV
AlpineTotalDynDivFun (AOD) .........
AsiaPacFd (APB) ............................
Asia Tigers (GRR) ...........................
Calamos GloDynInc (CHW) .............
Cdn Genl Inv (CGI)-y ........................
Cdn Wrld Fd Ltd (T.CWF)-y ...............
Central and Eastern Euro (CEE) .......
China (CHN) ...................................
CloughGlobDivandInc (GLV) ..........
CloughGlobalEquity (GLQ) .............
CloughGlobalOpprty (GLO) .............
Delaware Enh Gl Div & In (DEX)-a .....
EV TxAdvGlbDivInc (ETG) ...............
EtnVncTxAdvOpp (ETO) .................
Economic Inv Tr (EVT.T)-cy ..............
European Equity Fund Inc (EEA) ......
FirstTrAbEmergOp (FEO) ................
FirstTr Dyn Euro Eq Inc (FDEU) .......
Gabelli Gl Sm&Mid Cp Val (GGZ) .....
Gabelli Multimedia (GGT)-h .............
GDL Fund (GDL) .............................
Herzfeld Caribb (CUBA) ..................
India Fund (IFN) ..............................
J Han Hdgd Ety & Inc (HEQ) ............
JHancockTaxAdv Gl Sh Yld (HTY) ...
Japan Smaller Cap (JOF) .................
Korea (KF) ......................................
LatAmDiscy (LDF) ..........................
LazardGlbTotRetInc (LGI)-a .............
LazardWorldDiv&IncFd (LOR)-a ......
MexicoEqandIncmFd (MXE) ...........
Mexico (MXF) .................................
Miller/Howard High Inc E (HIE) .......
MS Asia (APF) ................................
MS ChinaShrFd (CAF)-J ...................
MS EmgMkt (MSF) .........................
MS India (IIF) ..................................
New Germany (GF) .........................
New Ireland (IRL) ...........................
RENN Fund (RCG) ..........................
Royce Global Value Trust (RGT) ......
Swiss Helvetia (SWZ) .....................
Taiwan (TWN) ................................
Templeton Dragon (TDF) ................
Templeton Em Mkt (EMF) ...............
ThaiFd (TTF) ...................................
United Corps Ltd (UNC.T)-cy ............
VirtusTotalRetFd (ZF) .....................
Voya Em Mkts Hi Div Eqty (IHD) ......
Voya Infr Indus & Matr (IDE) ...........
Fund Name (Symbol)
Prem
/Disc
N 10.67
9.73 –
N 15.79 15.10 –
N 14.19 13.03 –
N
9.65
9.44 –
T 34.20 24.19 –
T
9.94
6.29 –
N 29.63 26.75 –
N 24.89 22.94 –
A
13.63
A
14.00
A
11.34
N 13.50 12.46 –
N 19.31 17.97 –
N 25.90 26.21 +
T 152.81
NA
N 11.31 10.26 –
N 18.39 16.73 –
N 20.50 19.70 –
N 15.04 13.02 –
N
9.76
9.42 –
N 11.75
9.92 –
O
8.75
7.39 –
N 29.95 27.20 –
N 17.88 17.33 –
N
8.95
9.20 +
N 13.76 12.59 –
N 48.24 43.40 –
N 13.81 12.12 –
N 20.62 18.60 –
N 13.19 11.99 –
N 12.24 10.61 –
N 18.61 16.26 –
N 13.09 13.33 +
N 21.77 19.25 –
N 29.05 26.00 –
N 21.31 18.83 –
N 37.97 34.41 –
N 22.64 20.83 –
N 14.82 12.59 –
A
1.53
N 13.00 11.32 –
N 14.37 13.06 –
N 23.74 21.55 –
N
22.76
N 19.11 17.48 –
N 11.31 11.24 –
T 139.73 103.88 –
N 12.64 12.35 –
N 10.07
9.39 –
N 17.14 17.24 +
Stock
Exch NAV
Wells Fargo Gl Div Oppty (EOD) .......
U.S. Mortgage Bond Funds
BlckRk Income (BKT) ......................
First Trust Mtge Inc (FMY) ..............
Nuveen Mtge Oppty Term (JLS)-a ....
Nuveen Mtge Oppty Term 2 (JMT)-a .
Nuveen Multi-Market Inc (JMM)-c ...
Westn Asst Mtge Def Opp (DMO) ....
Investment Grade Bond Funds
BlRck Core Bond (BHK) ..................
BR Credit Alloc Inc (BTZ) .................
BR Enhcd Govt (EGF) ......................
Insight Select Income (INSI) ...........
InvescoBond (VBF) .........................
J Han Income (JHS) ........................
MFS Govt Mkts (MGF) ....................
MFS Intmdt (MIN) ..........................
MS Income Secs (ICB) ....................
Western Asset Income (PAI) ...........
WesternAssetPremBd (WEA) .........
InfLnkOpp&Income (WIW)-a ...........
InfLnkSec&Income (WIA)-a ............
Westn Asst IG Def Opp Tr (IGI) ........
Loan Participation Funds
Apollo Senior Floating (AFT) ...........
BR Debt Strategy (DSU) ..................
BR F/R Inc Str (FRA) .......................
BlackRock Floatng Rt Inc (BGT) ......
Blackstone / GSO Strat (BGB) ..........
Blackstone/GSO LS Cr Inc (BGX) .....
Blackstone/GSO Sr Flt Rt (BSL) .......
Dreyfus Alcntr GCI 2024 (DCF) ........
Eagle Point Credit (ECC) ..................
Eaton Vance F-R 2022 TT (XEFLX) ...
EtnVncFltRteInc (EFT) ....................
EtnVncFltRteIncPlus (EFF) ..............
EV SenFlRtTr (EFR) .........................
EVSnrIncm (EVF) ...........................
Market
Price
N
Market
Price
8.8
4.4
8.2
2.2
29.3
36.7
9.7
7.8
NA
NA
NA
7.7
6.9
1.2
NA
9.3
9.0
3.9
13.4
3.5
15.6
15.5
9.2
3.1
2.8
8.5
10.0
12.2
9.8
9.1
13.3
12.6
1.8
11.6
10.5
11.6
9.4
8.0
15.0
NA
12.9
9.1
9.2
NA
8.5
0.6
25.7
2.3
6.8
0.6
52 Week
Market
Return
32.3
58.4
40.4
43.9
31.1
31.8
30.9
51.5
23.8
34.9
36.7
26.5
31.5
32.5
NA
31.0
28.0
33.6
30.8
38.2
5.7
15.4
37.7
18.6
0.5
41.0
40.9
24.7
40.2
26.9
18.8
19.5
15.1
37.9
57.7
36.8
49.2
60.6
14.8
29.6
39.5
24.9
34.5
46.1
46.9
56.5
NA
20.2
29.6
38.9
12 mos
Prem
Yield
/Disc 12/29/17
NA
17.8
N
N
N
N
N
N
6.55
15.41
24.73
23.90
8.13
6.00
6.07
14.30
24.01
23.25
7.55
25.81
–
–
–
–
–
7.3
7.2
2.9
2.7
7.1
NA
5.1
5.4
7.4
7.0
5.6
10.6
N
N
N
N
N
N
N
N
N
N
N
N
N
N
14.81
14.76
13.93
20.93
20.16
15.32
5.04
4.37
19.56
NA
NA
NA
NA
NA
13.93
13.21
13.38
19.50
19.64
14.92
4.74
4.13
18.15
15.34
13.63
11.70
12.02
22.55
– 5.9
– 10.5
– 3.9
– 6.8
– 2.6
– 2.6
– 6.0
– 5.5
– 7.2
NA
NA
NA
NA
NA
5.5
6.2
3.6
3.9
4.1
5.4
7.9
9.3
3.1
4.3
6.2
3.7
3.4
4.3
N
N
N
N
N
N
N
N
N
N
N
N
N
N
17.96
12.72
14.94
14.42
NA
NA
NA
9.89
NA
9.80
15.54
18.07
15.20
7.18
16.36
11.61
14.16
13.95
15.83
16.04
17.57
9.63
19.80
NA
14.33
16.23
14.28
6.49
–
–
–
–
6.6
6.9
5.3
5.0
8.0
7.7
6.4
NS
5.3
NS
5.7
5.7
5.9
5.5
–
–
–
–
–
8.9
8.7
5.2
3.3
NA
NA
NA
2.6
NA
NA
7.8
10.2
6.1
9.6
TOP RETAIL MONEY FUND YIELDS
(10 Highest 7-Day Compound Yields for Period Ended January 9, 2018)
Government Money Funds
Prime Money Funds
7-Day Yields
Simple
Compound
Vanguard Federal MMF
Gabelli US Treasury MMF/Cl AAA
Vanguard Treasury MMF h
Deutsche Gov&Agy/Deutsche G&A MF k
PIMCO Govt MMF/Cl A
PNC Government MMF/Cl A k
Northern US Govt MMF k
Payden Cash Reserves MMF k
Morgan Stanley US Govt MMT/Cl R
Northern US Govt Select MMF k
1.23%
1.19
1.18
1.14
1.13
1.03
1.01
1.01
1.00
1.00
1.24%
1.20
1.19
1.15
1.14
1.04
1.02
1.02
1.00
1.00
iMoneyNet MONEY FUND
AVERAGETM/GOVT
0.68%
0.68%
Telephone #
(800) 662-7447
(800) 422-3554
(800) 662-7447
(800) 730-1313
(800) 426-0107
(800) 622-3863
(800) 595-9111
(800) 572-9336
(800) 869-6397
(800) 595-9111
Yield column represents compounded (effective) rate of return to shareholders for the past
seven days. Past returns are not necessarily indicative of future yields. Investment quality
and maturity may vary among funds.
Tax-Free Money Funds
7-Day Yields
Simple
Compound
Fidelity Inv Money Market/Instit kh
BlackRock MMP/Instit Cl k h
Invesco Premier Portfolio/Inst k
JPMorgan Liquid Assets MMF/Capitalk h
Federated Prime Cash Oblig/Wealthk h
First Amer Retail Prime Obligs/ClZ k h
Vanguard Prime MMF/Investor
Dreyfus Prime MMF/Cl A h
Schwab Value Adv MF/Ultra k h
BMO Prime MMF/Premier k h
1.50%
1.43
1.43
1.43
1.41
1.41
1.40
1.36
1.36
1.33
1.51%
1.44
1.44
1.44
1.42
1.42
1.41
1.37
1.37
1.34
iMoneyNet MONEY FUND
AVERAGETM/TAXABLE
0.93%
0.94%
7-Day Yields
Simple
Compound
Telephone #
(800) 544-6666
(800) 441-7762
(800) 525-8085
(800) 480-4111
(800) 245-0242
(800) 677-3863
(800) 662-7447
(800) 242-2224
(800) 435-4000
(800) 236-3863
(k) All or a portion of fund's expenses are currently being waived or reimbursed.
(h) Fund requires a minimum initial investment of $50,000 or more. Table excludes funds
with restricted access.
Federated Muni Oblig Fund/Wealth kh
JPMorgan Muni MMF/Instit k h
Wells Fargo Natl T-F MMF/Premier kh
Schwab Municipal MF/Ultra k h
Federated T-F Oblig Fund/Wealth kh
BlackRock Liquidity:NY Money Instk h
Vanguard Municipal MMF/Investor
Western Asset Select T-F Rsv/Select k h
BMO Tax Free MMF/Premier k h
Fidelity Inv Tax-Exempt/Cl I k h
1.38%
1.34
1.33
1.31
1.30
1.29
1.29
1.29
1.28
1.27
1.39%
1.35
1.34
1.32
1.31
1.30
1.30
1.30
1.29
1.28
iMoneyNet MONEY FUND
AVERAGETM/TAX-FREE
0.96%
0.96%
Telephone #
(800) 341-7400
(800) 480-4111
(888) 253-6584
(800) 435-4000
(800) 341-7400
(800) 821-7432
(800) 662-7447
(800) 331-1792
(800) 236-3863
(800) 544-6666
Reprinted in condensed form with permission from MONEY FUND REPORT, a service of
iMoneyNet, Inc., Westborough, Mass. 01581, (508) 616-6600. On the Web at http://
www.imoneynet.com.
January 15, 2018
BARRON’S
M33
Weekly Closed-End Funds
For personal Do not edit or alter. Reproductions not permitted.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or
Fund Name (Symbol)
Stock
Exch NAV
FT/Sr Fltg Rte Inc 2 (FCT) ................ N
FT/Sr Fltg Rte 2022 TgTr (FIV) ......... N
Highland Flt Rt Opp (HFRO) ............. N
InvDYCrOpp (VTA) ......................... N
InvSnrIncTr (VVR) .......................... N
Nuveen Credit Strat Inc (JQC)-a ........ N
NuvFloatRateIncFd (JFR)-a .............. N
NuvFloatRteIncOppty (JRO)-a ......... N
Nuveen Senior Income (NSL)-a ........ N
Nuveen Sht Dur Crdt Opp (JSD)-a .... N
PionrFltRate Tr (PHD) ..................... N
THL Credit Senior Loan (TSLF) ........ N
Voya Prime Rate Trust (PPR) .......... N
WA Corporate Loan (TLI) ................ N
High Yield Bond Funds
Aberdeen Inc Credit Str (ACP) ......... N
AllianceBernGlHiIncm (AWF) .......... N
Barings Glb SD HY Bd (BGH) ........... N
BR Corporate HY (HYT) .................. N
BlackRock Ltd Dur Inc (BLW) .......... N
Brookfield Real Asst Inc (RA) .......... N
CrSuisHighYld (DHY) ..................... A
CSAM Income Fd (CIK)-a ................. A
DoubleLine Inc Sol (DSL) ................ N
Dryfs Hi Yld Str (DHF) ..................... N
EVHiInc2021 (EHT) ........................ N
First Tr Hi Inc Lng/Shrt (FSD) .......... N
FirstTrStrHiInc2 (FHY) .................... N
Franklin Univ (FT)-a ......................... N
Guggeneheim Strat Opps (GOF)-a .... N
InvHighIncTrII (VLT) ...................... N
IVY HIGH INCOME OPP (IVH) ......... N
MFS IntmdHgInc (CIF) .................... N
MFS Special Value (MFV) ................ N
NeubHgYldStrt (NHS)-a ................... N
New Amer Hi Inc (HYB) ................... N
NexPointCreditStrat (NHF) ............. N
Nuveen Crdt Opps 2022 TT (JCO)-a .. N
Nuveen Global High Inc (JGH)-a ....... N
Nuveen Hi Inc 2020 Trgt (JHY)-a ...... N
Nuveen HI Dec 2018 Tgt (JHA)-a ...... N
Nuveen HI Dec 2019 Tgt (JHD)-a ...... N
Nuveen HI Nov 2021 Tgt (JHB)-a ...... N
PIMCO Flexible Cr I;Inst (N/A) .........
PionrDivHiIncTr (HNW) .................. A
PioneerHilncmTr (PHT) .................. N
Prudential Gl Sht Dur HY (GHY) ....... N
Prudential Sht Dur HY (ISD) ............ N
Wells Fargo Income Oppty (EAD) .... A
WstAstGlHiInco (EHI) ..................... N
WstAstHIF II (HIX) .......................... N
Western Asset Hi Inc Opp (HIO) ...... N
Western Asset Hi Yld D O (HYI) ....... N
Other Domestic Taxable Bond Funds
Apollo Tactical Income (AIF) ........... N
Ares Dynamic Crdt Alloc (ARDC) ..... N
Barings Corporate Inv (MCI) ........... N
Barings Part Inv (MPV) ................... N
BlackRock Mlt-Sctr Inc (BIT) .......... N
BlackRock Tax Muni Bd (BBN) ........ N
DoubleLine:Oppor Crdt Fd (DBL) .... N
Duff&Ph Util Cor (DUC) .................. N
EVLmtDurIncm (EVV)-a ................... A
Franklin Ltd Dur Income (FTF) ......... A
Guggenheim Credit Alloc (GGM)-a ... N
Guggenheim Tx Mun Mgd Dr (GBAB)-a
N
Invesco HI 2023 Tgt Term (IHIT) ..... N
Invesco HI 2024 Tgt Term (IHTA) .... N
J Han Investors (JHI) ...................... N
KKR Income Opportunities (KIO)-a .. N
MFS Charter (MCR) ........................ N
MFS Multimkt (MMT) ..................... N
Nuveen Bld Amer Bd Oppty (NBD)-a . N
Nuveen Build Amer Bond (NBB)-a .... N
PCM Fund (PCM)-a .......................... N
PIMCO Corp & Inc Oppty (PTY)-a ..... N
PIMCO Corp & Inc Strat (PCN)-a ...... N
PIMCOHilnco (PHK)-a ..................... N
PIMCO IncmStrFd (PFL)-a ............... N
PIMCO IncmStrFd II (PFN)-a ............ N
Putnam Mas Int (PIM) .................... N
Putnam Prem Inc (PPT) .................. N
Wells Fargo Multi-Sector (ERC) ...... A
World Income Funds
Abrdn AP IncFd (FAX) ..................... A
Aberdeen Global Income (FCO) ....... N
BlackRock 2022 Gl Inc Op (BGIO) ... N
BrndywnGLB Glb Inc Oppts (BWG) . N
EtnVncStDivInc (EVG) .................... N
First Tr/Ab Glbl Inc (FAM) ................ N
MS EmMktDomDebt (EDD) ............ N
Market
Price
12 mos
Prem
Yield
/Disc 12/29/17
14.07
9.74
15.27
13.21
4.91
9.07
11.51
11.40
6.82
17.64
12.39
18.56
5.66
NA
12.82
9.29
NA
11.84
4.47
8.18
11.10
11.22
6.48
16.64
11.55
16.88
5.07
10.56
–
–
8.9
4.6
NA
10.4
9.0
9.8
3.6
1.6
5.0
5.7
6.8
9.1
10.4
NA
6.1
5.0
NA
7.1
5.9
7.4
7.2
7.4
7.2
7.8
6.3
7.2
5.8
7.5
15.35
14.01
20.94
12.28
17.05
25.40
2.80
3.59
NA
3.55
10.21
18.03
14.49
8.08
19.60
16.40
16.22
2.79
6.09
13.26
10.29
26.48
9.96
18.68
9.91
10.03
10.17
10.15
NA
17.46
10.85
16.37
16.54
NA
NA
NA
NA
NA
14.41
12.66
19.33
10.98
16.04
23.93
2.84
3.31
20.81
3.34
9.92
16.65
12.77
7.07
21.73
14.69
14.72
2.96
6.14
11.60
9.39
24.92
9.53
17.06
9.86
9.88
9.97
9.88
NA
15.73
9.80
14.45
14.89
8.51
10.25
7.03
5.09
15.17
– 6.1
– 9.6
– 7.7
– 10.6
– 5.9
– 5.8
+ 1.4
– 7.8
NA
– 5.9
– 2.8
– 7.7
– 11.9
– 12.5
+ 10.9
– 10.4
– 9.3
+ 6.1
+ 0.8
– 12.5
– 8.7
– 5.9
– 4.3
– 8.7
– 0.5
– 1.5
– 2.0
– 2.7
NA
– 9.9
– 9.7
– 11.7
– 10.0
NA
NA
NA
NA
NA
10.2
6.0
9.5
7.6
6.2
10.2
9.4
7.9
8.9
8.9
6.0
8.2
8.2
5.8
10.1
7.0
9.5
9.1
10.1
7.5
7.5
9.4
NS
8.5
6.1
4.9
5.7
6.0
NS
7.7
8.7
7.7
7.7
8.5
8.3
8.7
7.0
7.8
17.56
NA
NA
NA
19.88
23.60
NA
9.59
14.99
NA
22.34
23.09
10.11
9.85
18.51
NA
9.24
6.61
23.54
22.22
NA
NA
NA
NA
NA
NA
5.08
5.65
NA
15.73
16.45
15.48
14.52
18.26
22.71
21.80
8.77
13.52
11.81
22.25
22.55
9.93
10.05
17.63
15.98
8.47
6.06
22.35
21.41
11.13
16.49
17.06
7.76
11.61
10.30
4.78
5.26
13.19
– 10.4
NA
NA
NA
– 8.1
– 3.8
NA
– 8.6
– 9.8
NA
– 0.4
– 2.3
– 1.8
+ 2.0
– 4.8
NA
– 8.3
– 8.3
– 5.1
– 3.6
NA
NA
NA
NA
NA
NA
– 5.9
– 6.9
NA
8.1
6.9
5.9
3.8
8.4
6.8
9.0
6.7
7.2
12.7
9.9
6.6
6.1
NS
7.5
9.6
8.8
8.8
5.0
5.6
8.4
9.4
7.8
13.2
9.2
9.2
6.5
5.8
9.6
5.52
9.33
10.07
NA
NA
13.10
9.19
4.99
9.09
9.82
13.40
14.24
11.71
8.03
–
–
–
–
–
–
–
–
–
–
–
–
–
9.6
2.6
2.5
NA
NA
– 10.6
– 12.6
8.6
9.5
NS
8.3
6.6
7.7
8.1
Fund Name (Symbol)
Stock
Exch NAV
Ms EmMktDebtFd (MSD) ................
Nuveen EM Dbt 2022 Tg Tr (JEMD)-a
PIMCO Dyn Crd & Mrt Inc (PCI)-a .....
PIMCO Dynamic Income (PDI)-a ......
PIMCO Income Opportunity (PKO)-a
PIMCO Stratg Inc (RCS)-a ................
StoneHarbor EM Tot Inc (EDI)-a .......
StoneHarbor Emg Mkts Inc (EDF)-a ..
Templeton Em Inc (TEI) ..................
Templtn Glbl Inc (GIM)-a .................
Virtus Gl MSec Inc (VGI) .................
WstAstEmergDebt (EMD) ...............
Western Asset Gl Cr D Op (GDO) .....
WstAstVarRte (GFY) .......................
National Muni Bond Funds
AllBerNatlMunInc (AFB) .................
BlckRk Inv Q Mun (BKN)-a ...............
BlckRk L-T Muni Adv (BTA)-a ...........
BR Mu InDur (MUI)-a .......................
BR MuniNY IntDu (MNE)-a ...............
BlckRk Muni 2018 (BPK)-a ...............
BlackRock Muni 2020 (BKK)-a .........
BlackRock Muni 2030 Tgt (BTT)-a ....
BlackRock Mun Bd (BBK)-a ..............
BlackRock Muni (BFK)-a ..................
BlackRock Muni II (BLE)-a ...............
BlckRk Mun Inc Inv (BBF)-a ..............
BlckRk Muni Inc Qly (BYM)-a ...........
BlckRk Muni Inc Inv Qly (BAF)-a .......
BR MuniAssets Fd (MUA)-a .............
BR MuniEnhanced (MEN)-a .............
BR MuniHoldng2 (MUH)-a ...............
BR MuniHoldings Qly (MFL)-a .........
BR MH Qly (MUS)-a .........................
BR MH Qly 2 (MUE)-a .......................
BR MuniHoldngs (MHD)-a ...............
BR MuniVest Fd (MVF)-a ..................
BR MuniVest 2 (MVT)-a ...................
BR MuniYield Fd (MYD)-a ................
BR MuniYld Invest Qly (MFT)-a ........
BR MuniYield Qlty (MQY)-a ..............
BR MuniYld Qlty2 (MQT)-a ...............
BR MuniYld Qly 3 (MYI)-a ................
BR MuniYldInv (MYF)-a ...................
BlckRk Str Muni (BSD)-a ..................
Del Inv Natl Muni Income (VFL)-a .....
Deutsche Muni Inc (KTF) ................
Deutsche Strat Mun (KSM) .............
Dreyfus Muni Bd Infra (DMB) ..........
Dreyfus Income (DMF)-a .................
Dreyfus Str Muni (DSM)-a ...............
Dreyfus St Munis (LEO)-a ................
DTF Tax-Free Income (DTF)-a ..........
EVMuniBd (EIM) .............................
EVMuniBdII (EIV) ...........................
EVMuniIncm (EVN)-a ......................
EVNatMuniOpp (EOT) .....................
Eaton Vance Tx-Ad Bd&Opt (EXD) ...
FedPremMuInc (FMN) ....................
InvAdvMuIncTrII (VKI) ...................
Invesco MuniOp (OIA) ....................
InvescoMuOppTr (VMO) ................
InvescoMuTr (VKQ) ........................
InvescoQual Inc (IQI) ......................
InvTrInvGrMu (VGM) .....................
InvescoValMunInc (IIM) .................
MAINSTAY:DEFTERM MUNIOPP (MMD)-a
MFS HgIncMuniTr (CXE) ................
MFS HgYldMuniTr (CMU) ...............
MFS Inv Gr (CXH) ...........................
MFS Muni Inco (MFM) ....................
Mgd Dur Inv Grade Muni (MZF)-a .....
NeubrgrBrmCA (NBW) ...................
NeubrgrBrm (NBH) .........................
NeubrgeBrmNY (NBO) ...................
Nuveen AMT-Fr Mu Val (NUW)-a ......
Nuveen AMT-Fr Qlty Mun I (NEA)-a ..
Nuveen AMT-Fr Mu CI (NVG)-a ........
Nuv Enh Muni Cr Inc (NZF)-a ............
Nuveen Enh Muni Val (NEV)-a ..........
Nuveen Int Dur Mun Term (NID)-a ....
Nuveen Int Dur Qlty Mun (NIQ)-a ......
NuvMuni2021TgtTerm (NHA)-a .......
NuvMuniHiIncOpp (NMZ)-a .............
Nuveen Muni Inc (NMI)-a .................
Nuveen Muni Val (NUV)-a ................
Nuveen Quality Muni Inc (NAD)-a .....
Nuveen Sel Mat (NIM)-a ...................
Nuveen Sel TF (NXP)-a .....................
Nuveen Sel TF 2 (NXQ)-a ..................
Nuveen Sel TF 3 (NXR)-a ..................
Market
Price
12 mos
Prem
Yield
/Disc 12/29/17
N
N
N
N
N
N
N
N
N
N
N
N
N
N
11.02
9.89
NA
NA
NA
NA
NA
NA
NA
NA
16.64
NA
NA
NA
9.88 – 10.3
9.48 – 4.1
22.27
NA
29.79
NA
26.00
NA
9.15
NA
15.33
NA
15.96
NA
11.56
NA
6.45
NA
16.89 + 1.5
15.98
NA
17.93
NA
17.25
NA
5.8
NS
8.7
8.8
8.8
9.5
11.6
13.4
5.5
6.9
10.7
7.7
7.5
5.3
N
N
N
N
N
N
N
N
N
N
A
N
N
N
N
N
N
N
N
N
N
A
N
N
N
N
N
N
N
N
A
N
N
N
A
N
N
N
A
A
N
N
N
N
A
N
N
N
N
N
N
N
N
N
N
N
N
A
A
A
N
A
A
A
N
N
N
N
A
N
N
N
N
N
N
N
14.79
15.74
12.55
15.41
15.30
15.02
15.41
24.13
16.19
14.39
14.96
14.21
15.16
15.40
14.17
11.88
15.54
14.61
13.85
13.97
16.90
9.60
15.15
14.78
14.37
15.79
13.86
14.39
14.64
14.38
14.59
12.53
12.47
14.23
9.21
8.27
8.49
15.58
13.58
13.35
13.28
21.74
10.91
NA
12.08
7.57
13.46
13.45
13.56
13.94
16.20
20.06
5.37
4.84
10.53
7.34
14.83
15.08
15.36
13.90
16.68
15.02
16.38
15.94
14.87
13.68
13.84
9.71
13.50
11.33
10.23
15.35
10.46
15.33
14.72
15.61
13.30
14.75
11.85
13.79
13.50
14.87
15.12
22.08
14.97
14.00
14.24
13.96
13.95
14.65
14.68
11.38
14.59
14.68
13.44
13.71
16.34
9.65
15.44
14.44
13.99
15.00
12.91
13.49
14.63
13.65
13.33
11.80
11.72
12.90
8.80
8.48
8.74
14.06
12.39
12.18
12.24
22.43
10.16
14.16
11.27
8.21
12.34
12.52
12.35
13.10
14.73
19.81
5.31
4.60
9.83
6.85
13.40
13.94
14.75
12.19
17.10
13.56
15.30
15.00
14.15
12.95
12.75
9.58
13.60
11.46
10.06
13.76
9.88
14.54
13.96
14.76
4.7
5.0
5.4
4.5
4.1
1.8
3.3
4.0
5.2
5.6
5.9
6.1
5.3
5.5
4.6
5.7
5.9
5.8
5.7
5.5
5.7
5.8
5.7
5.8
5.8
5.6
5.5
5.8
6.2
5.7
4.6
6.3
5.5
4.8
5.5
5.8
5.9
4.6
5.0
4.7
5.3
4.5
11.3
5.2
5.7
5.1
5.9
5.7
5.3
5.7
4.9
5.4
5.7
5.8
4.9
5.6
4.2
4.6
5.5
4.3
4.1
5.2
5.6
5.8
5.7
4.9
3.7
2.3
5.8
4.1
3.8
5.3
3.1
3.7
3.6
3.4
– 10.1
– 6.3
– 5.6
– 10.5
– 11.8
– 1.0
– 1.9
– 8.5
– 7.5
– 2.7
– 4.8
– 1.8
– 8.0
– 4.9
+ 3.6
– 4.2
– 6.1
+ 0.5
– 3.0
– 1.9
– 3.3
+ 0.5
+ 1.9
– 2.3
– 2.7
– 5.0
– 6.9
– 6.3
– 0.1
– 5.1
– 8.6
– 5.8
– 6.0
– 9.3
– 4.5
+ 2.5
+ 2.9
– 9.8
– 8.8
– 8.8
– 7.8
+ 3.2
– 6.9
NA
– 6.7
+ 8.5
– 8.3
– 6.9
– 8.9
– 6.0
– 9.1
– 1.2
– 1.1
– 5.0
– 6.6
– 6.7
– 9.6
– 7.6
– 4.0
– 12.3
+ 2.5
– 9.7
– 6.6
– 5.9
– 4.9
– 5.3
– 7.9
– 1.4
+ 0.7
+ 1.1
– 1.7
– 10.4
– 5.6
– 5.2
– 5.2
– 5.4
Stock
Exch NAV
Fund Name (Symbol)
PIMCO MuniInc (PMF)-a ..................
PIMCOMuniIncII (PML)-a ................
Pimco Muni III (PMX)-a ...................
PioneerHilncAdv (MAV) ..................
PioneerMunHiIcmT (MHI) ..............
Putnam Mgd Inc (PMM) .................
Putnam Muni Opp (PMO) ................
Western Asset Int Muni (SBI) ..........
Western Asset Mgd Muni (MMU) ....
Western Asset Mun Hi Inc (MHF) ....
WstAstMuniPrtnrs (MNP) ..............
Westn Asst Mu Def Opp Tr (MTT) ....
Single State Muni Bond
AllCAMuniInc (AKP) .......................
BlackRock CA Mun (BFZ)-a ..............
BlckRk CA 2018 (BJZ)-a ...................
BlckRk FL Muni 20 (BFO)-a ..............
BlackRock MA Tax-Exempt (MHE)-a
BlackRock MD Mun Bd (BZM)-a .......
BR MH CA Qly Fd Inc (MUC)-a ..........
BR MH NJ Qly (MUJ)-a .....................
BR MH NY Qly (MHN)-a ....................
BlkRkMunyldAZ (MZA)-a .................
BR MuniYld CA (MYC)-a ..................
BR MuniYld CA Qly (MCA)-a .............
BR MuniYld MI Qly (MIY)-a ..............
BR MuniYld NJ (MYJ)-a ...................
BR MuniYld NY Qly (MYN)-a ............
BR MuniYld PA Qly (MPA)-a .............
BlackRock NJ Muni Bond (BLJ)-a .....
BlackRock NJ Muni Income (BNJ)-a .
BlckRk NY Muni Inc Qly (BSE)-a .......
BlckRk NY 2018 (BLH)-a ..................
BlackRock NY Mun Bd (BQH)-a ........
BlackRock NY Mun (BNY)-a .............
BlackRock NY Mun II (BFY)-a ...........
BlackRock VA Mun (BHV)-a .............
Del CO Muni Inc (VCF)-a ...................
Del MN II (VMM)-a ...........................
EVCAMuniBd (EVM) .......................
Eaton Vance CA Muni Bd 2 (EIA) ......
EVCAMuniIncm (CEV)-a ..................
Eaton Vance MA Muni Bd (MAB) .....
EV MA Muni Inc (MMV)-a .................
Eaton Vance MI Muni Bd (MIW) ......
EV MI Muni Inc (EMI)-a ....................
Eaton Vance NJ Muni Bd (EMJ) .......
EVNJMuniIncm (EVJ)-a ...................
Eaton Vance NY Muni Bd (ENX) .......
Eaton Vance NY Muni Bd 2 (NYH) ....
EVNYMuniIncm (EVY)-a ..................
Eaton Vance OH Muni Bd (EIO) ........
EV OH Muni Inc (EVO)-a ...................
Eaton Vance PA Muni Bd (EIP) ........
EV PA Muni Inc (EVP)-a ....................
InvCaValMuIncTr (VCV) .................
InvPAValMuIncTr (VPV) .................
InvTrInvGrNYMu (VTN) ..................
MFS CA Muni (CCA) ........................
Nuveen AZ Qual Muni Inc (NAZ)-a ....
Nuveen CA AMT-F Qual MI (NKX)-a ..
Nuveen CA Val (NCA)-a ....................
Nuveen CA Muni Value 2 (NCB)-a .....
NuveenCAQtyMuInc (NAC)-a ...........
Nuveen CA Sel Tx-Free (NXC)-a ........
Nuveen CT Qual Muni Inc (NTC)-a ....
NuvGA Qual Muni Inc (NKG)-a ..........
Nuveen MA Qual Muni Inc (NMT)-a ..
Nuveen MD Qual Muni Inc (NMY)-a ..
Nuveen MI Qual Muni Inc (NUM)-a ...
Nuveen Minn Qual Mun Inc (NMS)-a
Nuveen MO Qual Mun Inc (NOM)-a ..
Nuveen NC Qual Muni Inc (NNC)-a ...
Nuveen NJ Muni Value (NJV)-a ........
NuvNJ Qual Muni Inc (NXJ)-a ...........
Nuveen NY AMT/Fr Qual MI (NRK)-a
Nuveen NY Val (NNY)-a ....................
Nuveen NY Muni Value 2 (NYV)-a .....
Nuveen NY Qual Muni Inc (NAN)-a ...
Nuveen NY Sel Tx-Free (NXN)-a .......
Nuveen OH Qual Muni Inc (NUO)-a ...
Nuveen PA Muni Value (NPN)-a ........
Nuveen PA Qual Muni Inc (NQP)-a ....
Nuveen TX Qual Mun Inc (NTX)-a .....
Nuveen VA Qlty Mun Inc (NPV)-a ......
PIMCO CA (PCQ)-a ..........................
PIMCOCAMuniII (PCK)-a .................
Pimco CA Muni III (PZC)-a ...............
PIMCO NY (PNF)-a ..........................
PIMCONYMuniII (PNI)-a ..................
Pimco NY Muni III (PYN)-a ...............
Data provided by
Market
Price
N
N
N
N
N
N
N
A
N
N
N
N
NA
NA
NA
11.84
12.81
7.95
13.27
NA
NA
NA
NA
NA
13.19
13.21
11.55
11.35
11.84
7.35
12.43
9.33
14.08
7.43
15.10
21.01
N
N
N
N
A
A
N
N
N
A
N
N
N
N
N
N
A
N
N
N
N
N
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
N
N
N
A
N
A
N
N
N
N
N
A
N
N
N
A
A
N
N
A
A
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
15.24
15.12
14.85
14.80
13.74
15.21
15.41
15.59
14.75
14.37
15.41
15.63
15.41
15.89
14.15
15.63
15.67
15.44
14.82
14.87
15.88
14.88
15.44
15.40
15.13
14.51
12.24
12.71
13.79
15.03
14.93
15.23
14.81
14.29
13.57
13.38
12.94
14.23
13.80
14.82
14.03
13.55
13.32
13.97
14.48
12.49
14.44
15.68
10.37
16.16
15.50
15.24
13.93
13.58
14.57
14.46
15.28
14.97
13.70
14.76
15.42
15.73
14.30
9.93
15.37
14.93
14.14
16.49
15.02
15.11
15.28
14.35
NA
NA
NA
NA
NA
NA
13.53
13.73
14.75
14.40
NA
13.65
14.10
14.08
13.35
17.10
14.79
14.56
13.80
15.49
12.76
14.31
14.39
14.82
13.12
14.72
14.35
14.05
14.75
16.48
15.40
13.44
11.50
11.54
12.07
13.32
13.12
13.47
12.77
12.35
11.72
12.23
11.41
12.64
12.71
13.00
12.60
12.25
12.57
12.09
13.70
11.41
14.05
15.21
10.23
17.22
14.19
15.25
11.96
12.44
14.21
12.47
13.19
14.58
13.81
12.89
13.98
13.54
12.80
9.45
14.42
13.63
13.89
14.63
15.17
13.09
14.22
12.77
17.26
9.23
10.60
12.59
11.72
9.92
Continuously Offered
12 mos
Prem
Yield
/Disc 12/29/17
NA
NA
NA
4.1
7.6
7.5
6.3
NA
NA
NA
NA
NA
5.6
5.9
5.8
5.2
5.0
5.3
5.2
4.5
5.3
4.1
5.1
4.8
– 11.3
– 9.2
– 0.7
– 2.7
NA
– 10.3
– 8.5
– 9.7
– 9.5
+ 19.0
– 4.0
– 6.8
– 10.4
– 2.5
– 9.8
– 8.4
– 8.2
– 4.0
– 11.5
– 1.0
– 9.7
– 5.6
– 4.5
+ 7.0
+ 1.8
– 7.4
– 6.0
– 9.2
– 12.5
– 11.4
– 12.1
– 11.6
– 13.8
– 13.6
– 13.6
– 8.6
– 11.8
– 11.2
– 7.9
– 12.3
– 10.2
– 9.6
– 5.6
– 13.5
– 5.4
– 8.6
– 2.7
– 3.0
– 1.4
+ 6.6
– 8.5
+ 0.1
– 14.1
– 8.4
– 2.5
– 13.8
– 13.7
– 2.6
+ 0.8
– 12.7
– 9.3
– 13.9
– 10.5
– 4.8
– 6.2
– 8.7
– 1.8
– 11.3
+ 1.0
– 13.4
– 6.9
– 11.0
NA
NA
NA
NA
NA
NA
4.2
5.2
2.1
2.8
4.5
4.1
5.1
5.5
5.1
4.6
5.1
5.1
5.4
5.7
4.9
5.2
5.1
5.5
4.7
1.3
4.8
4.9
5.0
4.5
4.5
4.0
5.0
4.6
4.0
4.0
3.9
4.3
3.7
4.9
4.7
5.0
4.7
4.7
4.5
4.4
4.9
4.2
5.1
5.1
5.0
4.7
4.6
5.0
4.0
4.9
5.5
3.9
4.7
4.4
4.5
4.9
4.8
5.2
4.7
4.1
4.0
5.1
4.8
4.0
4.2
5.1
4.0
4.9
3.9
5.3
4.4
4.3
5.3
5.5
6.0
5.3
5.2
5.2
–
–
–
–
Fund Name (Symbol)
Stock
Exch NAV
General Equity Funds
Alternative Strategies:A (N/A) .........
Alternative Strategies:C (N/A) .........
Specialized Equity Funds
CUSHING MLP INFRA I (N/A) ..........
Griffin Inst Access RE:A (N/A) .........
Griffin Inst Access RE:C (N/A) .........
Griffin Inst Access RE:I (N/A) ..........
Griffin Inst Access RE:L (N/A) .........
Griffin Inst Access RE:M (N/A) ........
NexPointRlEstStrat;A (N/A) ............
NexPointRlEstStrat;C (N/A) ............
NexPointRlEstStrat;Z (N/A) ............
NorthStar RE Cap Inc:Adv (N/A) ......
Resource RE Div Inc:A (N/A) ...........
Resource RE Div Inc:C (N/A) ...........
Resource RE Div Inc:D (N/A) ...........
Resource RE Div Inc:I (N/A) ............
Resource RE Div Inc:L (N/A) ...........
Resource RE Div Inc:T (N/A) ...........
Resource RE Div Inc:U (N/A) ...........
Resource RE Div Inc:W (N/A) ..........
SharesPost 100;A (N/A) ..................
SharesPost 100:I (N/A) ...................
Tot Inc+ RE:A (N/A) .........................
Tot Inc+ RE:C (N/A) .........................
Tot Inc+ RE:I (N/A) ..........................
Tot Inc+ RE:L (N/A) .........................
USQ Core Real Estate:I (USQIX) ......
USQ Core Real Estate:IS (USQSX) ...
Versus Cap MMgr RE Inc:F (N/A) ....
Versus Cap MMgr RE Inc:I (N/A) .....
Versus Capital Real Asst (VCRRX) ...
Wildermuth Endwmnt Str (N/A) ......
Wildermuth Endwmnt S:C (N/A) .....
Wildermuth Endwmnt S:I (N/A) .......
Income & Preferred Stock Funds
MultiStrat Gro & Inc:A (N/A) ............
MultiStrat Gro & Inc:C (N/A) ............
MultiStrat Gro & Inc:I (N/A) .............
MultiStrat Gro & Inc:L (N/A) ............
The Relative Value:CIA (VFLEX) ......
Convertible Sec's. Funds
Calmos Dyn Conv and Inc (CCD) .....
World Equity Funds
BMO LGM Front ME (N/A) ...............
CalamosGlbTotRet (CGO) ...............
Fund Name (Symbol)
Market
Price
52 Week
Market
Return
Prem
/Disc
z
z
NA
NA
NA
NA
NA
NA
NA
NA
z
z
z
z
z
z
z
z
z
z
z
z
z
z
z
z
z
z
z
z
z
z
z
z
z
z
z
NA
26.69
26.23
26.86
26.66
26.54
20.49
20.55
20.57
NA
10.04
10.03
10.19
10.46
10.04
10.01
10.04
10.19
26.86
26.86
29.40
28.59
29.74
29.34
25.09
25.09
27.70
27.78
25.20
13.18
12.99
13.24
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
5.8
5.1
6.1
NS
5.3
5.6
5.3
6.5
NS
4.5
3.6
3.9
4.3
NS
3.6
4.4
4.4
0.3
NS
6.7
5.9
7.0
NS
NS
NS
5.3
5.6
NS
13.9
13.1
NS
z
z
z
z
z
15.09
14.74
15.28
14.86
25.85
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
2.1
1.3
2.3
1.6
NS
z
21.17
20.39 –
3.7
16.7
z
z
11.26
14.22
NA
NA
15.70 + 10.4
26.5
27.5
z
z
Stock
Exch NAV
U.S. Mortgage Bond Funds
Vertical Capital Income (N/A) ..........
z
Loan Participation Funds
504 Fund (N/A) ...............................
z
Angel Oak Strategic Crdt (ASCIX) ....
z
FedProj&TrFinanceTender (N/A) .....
z
FS Global Crdt Opptys D (N/A) .........
z
Invesco Sr Loan A (N/A) ..................
z
Invesco Sr Loan B (N/A) ..................
z
Invesco Sr Loan C (N/A) ..................
z
Invesco Sr Loan IB (N/A) .................
z
Invesco Sr Loan IC (N/A) .................
z
Invesco Sr Loan Y (N/A) ..................
z
RiverNorth MP Lending (RMPLX) ...
z
Sierra Total Return:T (SRNTX) ........
z
Voya Senior Income:A (N/A) ...........
z
Voya Senior Income:C (N/A) ...........
z
Voya Senior Income:I (N/A) ............
z
Voya Senior Income:W (N/A) ..........
z
High Yield Bond Funds
Garrison Capital Inc (N/A) ...............
z
Griffin Inst Access Cd:A (N/A) .........
z
Griffin Inst Access Cd:C (N/A) .........
z
Griffin Inst Access Cd:F (N/A) ..........
z
Griffin Inst Access Cd:I (N/A) ..........
z
Griffin Inst Access Cd:L (N/A) ..........
z
PIMCO Flexible Cr I;Inst (N/A) .........
PionrILSInterval (N/A) ....................
z
WA Middle Mkt Dbt (N/A) ................
z
WA Middle Mkt Inc (WMF) ..............
z
Other Domestic Taxable Bond Funds
Capstone Church Capital (N/A) ........
z
CION Ares Dvsfd Crdt;A (N/A) .........
z
CION Ares Dvsfd Crdt;C (N/A) .........
z
CION Ares Dvsfd Crdt;I (N/A) ..........
z
CION Ares Dvsfd Crdt;L (N/A) ..........
z
CNR Select Strategies (N/A) ............
z
GL Beyond Income (N/A)-a ..............
z
Palmer Square Opp Income (N/A) ...
z
Resource Credit Inc:A (N/A) ............
z
Resource Credit Inc:C (N/A) ............
z
Resource Credit Inc:I (N/A) .............
z
Resource Credit Inc:L (N/A) ............
z
Resource Credit Inc:W (N/A) ...........
z
Market
Price
12 mos
Prem
Yield
/Disc 12/29/17
12.35
NA
NA
3.2
9.71
25.20
10.02
NA
6.71
6.70
6.72
6.71
6.71
6.71
NA
24.95
12.55
12.52
12.51
12.56
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
3.9
NS
NS
NA
4.1
4.1
3.4
4.4
4.2
4.4
9.2
NS
5.2
4.7
5.5
5.4
NA
NA
NA
NA
NA
NA
NA
9.41
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NS
NS
NS
NS
NS
NS
1.4
10.9
10.9
11.66
NA
NA
NA
NA
9.61
3.20
19.52
11.12
11.24
11.14
11.11
11.11
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
3.4
NS
NS
NS
NS
NS
NE
4.8
6.5
5.7
6.7
NS
6.5
TOP SAVINGS DEPOSIT YIELDS
Money Market Account1
Institution
Location
Telephone
No.
Dollar Savings Direct
CIT Bank
FNBO Direct
Capital One 360
Nationwide Bank
Ossining,NY
Livingstn,NJ
Omaha,NE
Wilmingtn,DE
Columbus,US
(866)395-8693
(855)462-2652
(877)370-3707
(877)469-0232
(877)422-6569
Institution
Location
Telephone
No.
Dollar Savings Direct
First Internet Bank
Ameriprise Ntl Trust Bk
EverBank
Community Commerce Bk
Ossining,NY
Indianapolis,US
Minneapolis,US
Jackson,US
Los Angeles,CA
(866)395-8693
(888)873-3424
(888)356-1006
(888)882-3837
(323)268-6100
Six-Month CDs2
Min. Recent
Deposit % Rate
1
1
1
10000
10000
1.59
1.54
1.39
1.39
1.39
Min. Recent
Deposit % Rate
1000
1000
1000
5000
10000
1.49
1.42
1.39
1.20
1.20
Effect.
% Yield
(CD) 1.60
(CD) 1.55
(CM) 1.40
(CM) 1.40
(CD) 1.40
Effect.
% Yield
(CD) 1.50
(CM) 1.43
(CM) 1.40
(CD) 1.21
(CM) 1.21
1Including passbook, statement savings, and bank-offered liquid asset accounts.
One-Year CDs
Institution
Location
Telephone
No.
EverBank
Popular Direct
Dollar Savings Direct
First Internet Bank
Barclays Bank
Jackson,US
Pleasantn,US
Ossining,NY
Indianapolis,US
Wilmingtn,US
(888)882-3837
(800)274-5696
(866)395-8693
(888)873-3424
(888)710-8756
Institution
Location
Telephone
No.
Ameriprise Ntl Trust Bk
Capital One 360
EverBank
Discover Bank
Middlesex Savings Bk
Minneapolis,US
Wilmingtn,DE
Jackson,US
Greenwood,US
Middlesex,MA
(888)356-1006
(877)469-0232
(888)882-3837
(800)347-7000
(877)463-6287
2½-Year CDs
Min. Recent
Deposit % Rate
5000
10000
1000
1000
1
1.84
1.79
1.78
1.75
1.73
Min. Recent
Deposit % Rate
1000
1
5000
2500
250
1.88
1.83
1.83
1.78
1.69
Effect.
% Yield
(CD) 1.86
(CD) 1.80
(CD) 1.80
(CM) 1.76
(CD) 1.75
Effect.
% Yield
(CM) 1.90
(CM) 1.85
(CD) 1.85
(CD) 1.80
(CM) 1.70
Five-Year CDs
Institution
Location
Telephone
No.
Dollar Savings Direct
Republic Bk Trust
Capital One 360
Barclays Bank
EverBank
Ossining,NY
Louisville,KY
Wilmingtn,DE
Wilmingtn,US
Jackson,US
(866)395-8693
(502)584-3600
(877)469-0232
(888)710-8756
(888)882-3837
90-Day Jumbo CDs
Min. Recent
Deposit % Rate
1000
1000
1
1
5000
Institution
Location
Telephone
No.
Ameriprise Ntl Trust Bk
First Internet Bank
EverBank
Radius Bank
Popular Direct
Minneapolis,US
Indianapolis,US
Jackson,US
Boston,MA
Pleasantn,US
(888)356-1006 100000
(888)873-3424
1000
(888)882-3837
5000
(800)242-0272
1000
(800)274-5696 10000
2.47
2.47
2.42
2.42
2.42
Min. Recent
Deposit % Rate
1.24
1.10
1.00
0.85
0.75
Effect.
% Yield
(CD) 2.50
(CD) 2.50
(CM) 2.45
(CD) 2.45
(CD) 2.45
Effect.
% Yield
(CM) 1.25
(CM) 1.11
(CD) 1.01
(CD) 0.85
(CD) 0.75
Yields are based on the stated rate and compounding method in effect Friday and are subject Source: (c) 2018, Informa Research Services, 26565 Agoura Road #300, Calabasas, CA
91302-1942 818-880-8877. All rights reserved. May not be reproduced or retransmitted in
to change. Phone to verify before investing or sending money.
any form without express written consent of Informa Research Services.
additional six months.
(CC) Compounded continuously; (SA) compounded semiannually; (CD) compounded daily;
Rates are the highest yields on six types of accounts offered by federally-insured banks and (CA) compounded annually; (CM) compounded monthly; (SI) simple interest; (CQ) comsavings associations nationwide.
pounded quarterly
2Six-month CD yields assume reinvestment of principal and interest at the same rate for an
M34
BARRON’S
January 15, 2018
Market Laboratory
THE DOW JONES AVERAGES
DJ AVERAGES
Dow Jones 30 Industrial (divisor: 0.14523396877348)
Daily
Jan 8
9
10
11
Open (t)
25298.56 25326.99 25332.16
Open (a)
25308.40 25312.05 25348.13
Close
25283.00 25385.80 25369.13
High (t)
25442.39 25542.47 25488.18
Low (t)
25114.06 25204.88 25186.94
High (a)
25311.99 25439.78 25404.92
Low (a)
25235.41 25308.41 25256.99
Change
–12.87
+102.80
–16.67
Theoretical (t): High 25900.79 Low 25114.06
Actual (a): High 25810.43 Low 25235.41
12
25418.71
25398.60
25574.73
25640.65
25300.46
25575.42
25396.19
+205.60
25676.64
25638.39
25803.19
25900.79
25575.63
25810.43
25633.08
+228.46
Dow Jones 20 Transport (divisor: 0.16403210025069)
Open (t)
10924.84 11020.11 11005.91
Open (a)
10929.71 11008.41 11026.53
Close
10997.63 11018.46 11030.10
High (t)
11054.83 11117.39 11140.62
Low (t)
10868.98 10953.29 10911.86
High (a)
11000.37 11051.70 11093.54
Low (a)
10924.87 11007.49 10991.94
Change
+85.89
+20.83
+11.64
Theoretical (t): High 11422.61 Low 10868.98
Actual (a): High 11380.32 Low 10924.87
11065.03
11051.92
11284.32
11332.93
11030.10
11301.98
11047.72
+254.22
11316.99
11306.93
11373.38
11422.61
11245.66
11380.32
11281.76
+89.06
Dow Jones 15 Utilities (divisor: 1.26341348266030)
Open (t)
701.69
706.92
698.94
Open (a)
701.11
707.78
699.32
Close
707.87
700.98
693.14
High (t)
709.39
708.15
699.99
Low (t)
699.93
697.98
690.31
High (a)
708.09
707.99
699.32
Low (a)
700.76
699.64
692.05
Change
+7.13
–6.89
–7.84
Theoretical (t): High 709.39 Low 680.20
Actual (a): High 708.09 Low 682.98
693.12
692.83
690.57
696.84
686.66
695.46
688.18
–2.57
688.74
689.49
683.91
692.44
680.20
690.10
682.98
–6.66
Dow Jones 65 Composite (divisor: 0.75143903287816)
Open (t)
8454.10
8489.20
8473.69
Open (a)
8456.10
8485.21
8481.84
Close
8477.39
8490.23
8476.36
High (t)
8523.24
8554.16
8535.03
Low (t)
8403.30
8435.98
8410.58
High (a)
8478.77
8510.10
8497.54
Low (a)
8442.84
8480.08
8448.59
Change
+28.26
+12.84
–13.87
Theoretical (t): High 8663.62 Low 8403.30
Actual (a): High 8622.81 Low 8442.84
8493.54
8486.30
8567.27
8601.17
8452.20
8567.27
8482.65
+90.91
8591.02
8582.71
8619.67
8663.62
8541.57
8622.81
8576.25
+52.40
For personal Do not edit or alter. Reproductions not permitted.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or
STOCK VOLUME
Last
Week
NYSE(a)
30 Dow Inds (b)
20 Dow Trans (b)
15 Dow Utils (b)
65 Dow Stks (b)
NYSE American (a)
Nasdaq(d)
NYSE 15 Most Active
Average Price
% Tot Vol
Stock Offerings $(z,v)
4,117,502
1,655,336
314,111
308,790
2,278,238
82,341
10,150,773
Prev.
Week
3,059,132
1,500,444
199,001
238,855
1,938,300
62,845
7,912,799
Year
Ago
YOY
% Chg
4,196,008
1,442,148
268,904
197,371
1,908,423
80,953
8,956,612
-1.87
14.78
16.81
56.45
19.38
1.72
13.33
13.06
27.23
20.12
15.26
15.20
14.99
2,642,300 r5,831,600 4,579,100
-35.09
1.80
-42.30
Daily Stock Volume
Daily
1/8
1/9
1/10
1/11
1/12
NYSE(a)
808,094 799,755 810,238 826,432 872,984
30 Inds (b)
320,401.7 320,308.7 325,245.7 330,553.3 358,826.9
20 Trans (b)
48,638.0 55,961.9 70,293.8 82,096.2 57,121.2
15 Utils (b)
67,356.1 61,414.4 56,859.8 60,264.8 62,895.2
65 Stks (b)
436,395.8 437,685.1 452,399.2 472,914.3 478,843.3
NYSE Amer(a)
18,603
19,123
18,550
13,910
12,156
Nasd(d)
2,022,525 2,124,178 2,070,172 1,971,229 1,962,669
NYSE 15 Most Active
Avg. Price
18.51
13.83
17.32
15.80
17.19
% Tot Vol
12.83
15.72
17.33
16.57
16.29
Numbers in thousands save price and percentages. (a) Primary
volume. (b) Composite volume. (d) as of 4:10 pm. (r) Revised. (v)
W/E Thursday. (z) Source: Thomson Reuters.
NYSE HALF-HOURLY VOLUME
Daily
9:30-10:00
10:00-10:30
10:30-11:00
11:00-11:30
11:30-12:00
12:00-12:30
12:30-1:00
1:00-1:30
1:30-2:00
2:00-2:30
2:30-3:00
3:00-3:30
3:30-4:00
1/08
1/09
1/10
1/11
1/12
106,532
47,780
36,237
32,601
28,037
27,132
22,316
23,325
24,970
27,758
29,291
33,333
368,782
107,457
51,952
40,935
37,527
32,904
27,191
24,247
24,679
25,227
30,097
30,824
37,639
329,077
116,595
51,672
43,405
39,609
32,166
27,056
27,132
27,019
28,337
37,686
34,825
39,153
305,584
109,184
52,601
47,404
40,962
33,972
31,306
31,054
28,020
29,094
31,506
35,087
43,391
312,851
113,979
54,179
47,540
40,762
30,941
28,829
27,041
25,299
29,258
32,645
35,689
38,022
368,801
TRADING DIARY
See barrons.com/mktlab for complete table
Week's
COMPONENTS Change INDUSTRIALS
3M
3.90
American Express
-0.11
Apple
2.09
Boeing
27.37
Caterpillar
8.34
Chevron
5.70
Cisco Systems
1.34
Coca-Cola
0.08
Disney
0.85
DowDuPont
-0.01
ExxonMobil
0.77
General Electric
0.22
Goldman Sachs
1.51
Home Depot
3.92
IBM
0.65
Intel
-1.50
Johnson & Johnson
4.05
JPMorgan Chase
4.33
McDonald's
-0.48
Merck
1.67
Microsoft
1.41
Nike Cl B
0.69
Pfizer
-0.32
Procter & Gamble
-1.63
Travelers Cos
2.57
United Technologies
5.01
UnitedHealth Group
-0.09
Verizon Communications -0.62
VISA Cl A
1.23
Wal-Mart Stores
0.74
26400
25800
25200
24600
24000
23400
22800
22200
21600
21000
TRANSPORTATION
Alaska Air Group
American Airlines Group
Avis Budget Group
CH Robinson Worldwide
CSX
Delta Air
Expeditors Intl of Wash
FedEx
JB Hunt Transport
JetBlue Airways
Kansas City Southern
Kirby Corp
Landstar System
Matson Inc.
Norfolk Southern
Ryder System
Southwest Airlines
Union Pacific
United Continental Hldgs
United Parcel Service B
-0.22
5.82
4.68
4.71
1.53
3.86
1.64
5.93
4.79
1.55
1.21
5.60
3.75
2.26
4.07
2.87
1.04
3.64
9.04
6.47
AES
American Elec Power
American Water Works
CenterPoint Energy
Consolidated Edison
Dominion Energy
Duke Energy
Edison Intl
Exelon
FirstEnergy
NextEra Energy
NiSource
PG&E
Public Service Enterprise
Southern
0.17
-3.34
-5.92
-0.50
-2.25
-0.90
-3.04
-1.56
0.20
-0.04
-1.39
-0.72
-0.47
0.44
-1.94
11600
11300
11000
10700
10400
10100
9800
9500
9200
8900
UTILITIES
790
755
720
685
Jul
Aug
Sep
Note: Theoretical highs and lows are shown.
Oct
Nov
Dec
Jan
650
Daily
% (QCHA)
% (QACH)
% (QCHAQ)
Jan 8
+.14
+.38
–.15
9
+1.91
–.48
–.10
10
–.03
–.18
+.35
11
+1.07
+1.58
+1.34
12
+.24
+.22
+.33
Market Advance/Decline Totals
Week ended last Friday compared to previous Friday
Weekly Comp.
Total Issues
Advances
Declines
Unchanged
New Highs
New Lows
NYSE
3,111
1,775
1,284
52
584
114
NYSE Amer
351
174
171
6
25
8
Nasdaq
3,203
2,022
1,116
65
638
98
NYSE Arca
1,448
1,061
375
12
744
117
OTHER MARKET INDEXES
Daily
1/08
1/09
1/10
1/11
1/12
NYSE Amer Comp 2688.69 2673.61 2674.10 2682.78 2688.06
AmMajorMkt
2546.61 2558.65 2561.18 2582.65 2603.91
BNY ADR Idx
158.68
158.51
158.59
159.62
161.02
Europe
145.62
145.45
145.60
146.49
148.22
Latin Am
262.45
260.38
259.02
263.77
265.11
Asia
190.48
190.62
190.73
191.62
192.28
Emerg M
344.39
344.11
341.71
343.88
345.55
DJ US TSM Float 28402.35 28429.30 28396.00 28632.82 28806.69
Nasdaq Cmp
7157.39 7163.58 7153.57 7211.78 7261.06
100 Index
6676.63 6677.94 6662.66 6708.49 6758.54
Indus.
5711.91 5709.23 5703.12 5779.47 5829.02
Insur.
8612.53 8612.49 8702.24 8789.29 8850.84
Banks
4028.84 4072.57 4121.89 4190.18 4213.47
Computer
4246.85 4233.06 4214.47 4235.50 4258.17
Telecom
351.35
349.68
348.59
350.69
355.62
NYSE Comp.-z 13114.35 13120.84 13106.60 13210.77 13294.34
Financial-z
8355.37 8371.25 8413.05 8457.88 8510.63
Health Care-z
14608.85 14696.49 14638.07 14716.52 14827.99
Energy-z
11967.33 11934.64 11911.60 12114.32 12247.61
Russell 1000
1521.84 1523.57 1521.61 1533.06 1542.77
2000
1561.81 1560.10 1559.80 1586.79 1591.97
3000
1624.35 1625.92 1623.96 1637.38 1647.37
Value-v
1245.18 1245.75 1245.41 1255.31 1262.79
Growth-v
1400.32 1402.82 1399.64 1409.60 1419.05
MidCap
2127.12 2126.14 2119.28 2140.98 2151.30
S&P 100 Index 1216.10 1218.12 1217.95 1225.82 1234.55
500
2747.71 2751.29 2748.23 2767.56 2786.24
Ind.
3662.10 3666.00 3658.10 3687.23 3713.44
MidCap
1946.11 1942.50 1933.26 1960.68 1965.97
SmallCap
950.19
949.60
948.33
965.61
969.17
Value Line(A)
6233.58 6216.73 6203.29 6292.92 6324.79
Value Line(G)
574.84
573.19
571.85
580.02
582.89
DJ US Small TSM 10593.87 10582.66 10575.73 10749.68 10783.23
(A)-Arithmetic Index. (G)-Geometric Index.
(v)-Value 1000 and Growth 1000. (y)-Dec. 31,1965=50. (z)-Dec.
31,2002=5000.
S&P DOW JONES INDEXES
Friday
Close
Chg
DJ U.S. Total Stock Market 28806.69 457.39
US Large Cap
6536.06 101.11
US Large Growth
7543.91 143.74
US Large Value
5324.21
64.68
US Mid Cap
11190.13 155.44
US Mid Growth
11177.59 180.17
US Mid Value
8972.07
92.16
US Small Cap
10783.23 210.67
US Small Growth
9828.97 212.90
US Small Value
10481.93 162.87
Microcap
13873.41 197.38
DJ U.S. Select REIT -a 9247.39 –277.30
DJ U.S. Select RESI -a
972.34 –29.16
US TMI
695.22
10.85
US Select Dividend -a 2015.62
28.44
Select Microcap
2686.76
52.13
Global Titans 50
312.44
3.88
Asian Titans 50
186.27
1.24
DJ Islamic Market
3780.69
33.79
Islamic Titans 100
4199.91
28.92
Islamic Emerging
2811.64
18.18
Islamic Technology 6222.48
14.06
Islamic U.S.
4987.42
68.59
Sustainability
1574.31
12.91
U.K. Titans 50 (GBP)
311.46
2.86
DJ India (INR)
232.41
2.49
Equity REIT -a
1694.17 –54.26
Comp REIT -a
1420.93 –43.52
Internet Comp
522.87
10.69
E*commerce
1042.85
20.93
Internet Svcs
228.29
5.33
a-total return. 3 Year % Chg is annualized.
Week
% Chg
1 Year 3 Year
1.61
1.57
1.94
1.23
1.41
1.64
1.04
1.99
2.21
1.58
1.44
–2.91
–2.91
1.59
1.43
1.98
1.26
0.67
0.90
0.69
0.65
0.23
1.39
0.83
0.93
1.08
–3.10
–2.97
2.09
2.05
2.39
22.03
22.73
29.81
16.50
19.68
24.96
12.38
16.50
22.08
8.27
17.81
–1.25
–1.25
22.26
17.31
13.32
21.84
26.35
27.43
26.21
42.30
42.77
25.72
26.36
5.98
34.02
2.85
3.48
38.56
46.05
31.58
10.93
11.06
13.48
8.81
10.86
11.98
9.02
10.03
11.43
7.72
8.29
1.14
1.14
10.93
12.52
15.21
9.96
9.41
10.15
9.94
10.87
18.78
10.88
8.72
6.22
12.31
3.11
3.34
25.58
29.53
18.58
January 15, 2018
BARRON’S
M35
Market Laboratory
INDEXES' P/ES & YIELDS
DJ latest 52-week earnings and dividends adjusted by Dow Divisors at Friday's close. S&P Dec. 4-quarter's GAAP earnings as
reported and indicated dividends based on Friday close.S&P 500 P/E ratios based on GAAP earnings as reported. For additional
earnings series, please refer to www.spglobal.com. DJ latest available book values for FY 2015 and 2014, and S&P latest for 2016 and
2015. r-Revised data
Last
Week
DJ Ind Avg
P/E Ratio
Earns Yield %
Earns $
Divs Yield %
Divs $
Mkt to Book
Book Value $
DJ Trans Avg
P/E Ratio
Earns Yield %
Earns $
Divs Yield %
Divs $
Mkt to Book
Book Value $
DJ Utility Avg
P/E Ratio
Earns Yield %
Earns $
25803.19
22.92
4.36
1125.77
2.02
522.30
4.45
5799.91
11373.38
22.35
4.47
508.87
1.17
133.40
4.79
2376.65
683.91
30.67
3.26
22.30
Prev.
Week
Year
Ago
19885.73
21.29
4.70
933.84
2.41
478.35
3.43
5799.91
9202.34
16.70
5.99
551.14
1.32
121.67
3.87
2376.65
656.78
26.37
3.79
24.91
25295.87
22.38
4.47
1130.11
2.06
522.21
4.36
5799.91
10911.74
21.43
4.67
509.11
1.22
133.40
4.59
2376.65
700.74
31.42
3.18
22.30
Last
Week
Divs Yield %
Divs $
Mkt to Book
Book Value $
S&P 500 Index
P/E Ratio
Earns Yield %
Earns $
Divs Yield %
Divs $
Mkt to Book
Book Value $
S&P Ind Index
P/E Ratio
Earns Yield %
Earns $
Divs Yield %
Divs $
Mkt to Book
Book Value $
3.53
24.15
1.98
345.41
2786.24
26.02
3.84
107.08
1.79
49.87
3.62
768.99
3713.44
27.71
3.61
133.99
1.71
63.50
4.78
777.19
Prev.
Week
Year
Ago
3.45
24.15
2.03
345.41
3.45
22.67
1.90
345.41
2274.64
25.53
3.92
89.09
2.08
47.31
3.07
740.29
3003.53
28.92
3.46
103.84
2.04
61.27
3.98
754.58
2743.15
26.37
3.79
104.02
1.82
49.93
3.57
768.99
3656.15
28.64
3.49
127.66
1.73
63.25
4.70
777.19
144 FILINGS
SEC Form 144 must be filed by holders of restricted securities (also called letter stock) who intend to sell shares. Shares Indicated: the number to be sold. Sales Date: the approximate date of the sale. (Sometimes shares aren't sold, even though their owner
has filed a Form144.) See barrons.com for complete table and for more detail on Titles. Source: Thomson Reuters
Company
Sym
Zayo Group
Hormel Foods
Bloomin Brands
Valero Energy
American Airlines
Marsh & Mclennan Cos
Sage Therapeutics
Ingersoll-Rand Plc
Hp
Nike
ZAYO
HRL
BLMN
VLO
AAL
MMC
SAGE
IR
HPQ
NKE
Shares
Indicated
$ Value
Sale
Date
413,637
404,818
375,000
251,530
224,572
223,557
223,000
210,508
207,806
200,000
14,999,979
14,775,857
7,797,978
23,392,290
11,750,033
18,546,213
35,078,835
18,888,882
4,484,420
12,625,000
1/8/18
12/28/17
12/15/17
1/3/18
1/2/18
12/19/17
12/29/17
1/2/18
1/5/18
1/2/18
Seller
Title
Caruso, Daniel
Ettinger, Jeffrey
Smith, Elizabeth
Ciskowski, Michael
Parker, William
Glaser, Daniel
Jonas, Jeffrey
Lamach, Michael
Flaxman, Jon
Slusher, John
CEO
UT
CEO
O
CEO
CEO
O
O
O
UT
For personal Do not edit or alter. Reproductions not permitted.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or
THE WEEK IN STOCKS FOR THE MAJOR INDEXES
12-Month
Weekly
High
Low
High
Low
Dow Jones Indexes
25803.19 19732.40 30 Indus
25803.19 25283.00
11373.38 8783.74 20 Transp
11373.38 10997.63
774.47
654.98 15 Utilities
707.87
683.91
8619.67 6919.87 65 Comp
8619.67 8476.36
Dow Jones Indexes
28806.69 23526.88 US TSM Float 28806.69 28396.00
695.22
566.97 US Market
695.22
685.55
522.87
376.40 Internet
522.87
512.92
New York Stock Exchange
13294.34 13106.60
13294.34 11148.85 Comp-z
8510.63 6986.87 Financial-z
8510.63 8355.37
14827.99 11815.92 Health Care-z 14827.99 14608.85
12247.61 11911.60
12247.61 9782.86 Energy-z
NYSE American Stock Exchange
2700.59 2327.28 NYSE Amer Comp 2688.69 2673.61
2603.91 2011.94 Major Mkt
2603.91 2546.61
Standard & Poor's Indexes
1234.55 1000.11 100 Index
1234.55 1216.10
2786.24 2263.69 500 Index
2786.24 2747.71
3713.44 2995.67 Indus
3713.44 3658.10
1965.97 1667.44 MidCap
1965.97 1933.26
969.17
815.62 SmallCap
969.17
948.33
Nasdaq Stock Market
7261.06 5538.73 Comp
7261.06 7153.57
6758.54 5044.65 100 Index
6758.54 6662.66
5829.02 4600.19 Indus
5829.02 5703.12
9074.21 8062.18 Insur
8850.84 8612.49
4213.47 3448.58 Banks
4213.47 4028.84
4258.17 3022.51 Computer
4258.17 4214.47
355.62
288.14 Telecom
355.62
348.59
Russell Indexes
1542.77 1256.60 1000
1542.77 1521.61
1591.97 1345.24 2000
1591.97 1559.80
1647.37 1345.58 3000
1647.37 1623.96
1262.79 1101.87 Value-v
1262.79 1245.18
1419.05 1079.47 Growth-v
1419.05 1399.64
2151.30 1807.68 MidCap
2151.30 2119.28
Others
6324.79 5292.96 Value Line-a
6324.79 6203.29
582.89
503.24 Value Line-g
582.89
571.85
10783.23 9158.85 DJ US Small TSM10783.23 10575.73
743.94
600.24 Barron's 400
743.94
729.28
Close
Friday
25803.19
11373.38
683.91
8619.67
Chg.
507.32
461.64
–16.83
170.54
Weekly
% Chg.
2.01
4.23
–2.40
2.02
12-Month
Chg.
% Chg.
Change From
12/29
% Chg.
5917.46
2171.04
27.13
1663.62
1083.97
761.09
–39.46
309.32
29.76
23.59
4.13
23.92
4.39
7.17
–5.46
3.72
28806.69
695.22
522.87
457.39
10.85
10.69
1.61
1.59
2.09
5136.22
125.22
142.39
21.70
21.97
37.42
1133.50
27.51
29.70
4.10
4.12
6.02
13294.34
8510.63
14827.99
12247.61
191.11
150.18
154.56
329.53
1.46
1.80
1.05
2.76
2067.17
1423.41
2688.71
758.82
18.41
20.08
22.15
6.60
485.50
274.75
607.41
777.02
3.79
3.34
4.27
6.77
2688.06
2603.91
–5.87
58.67
–0.22
2.31
335.37
582.30
14.25
28.80
26.57
129.55
1.00
5.24
1234.55
2786.24
3713.44
1965.97
969.17
18.99
43.09
57.29
29.70
19.99
1.56
1.57
1.57
1.53
2.11
227.96
511.60
709.91
278.57
129.31
22.65
22.49
23.64
16.51
15.40
51.40
112.63
167.56
65.40
32.91
4.34
4.21
4.73
3.44
3.52
7261.06
6758.54
5829.02
8850.84
4213.47
4258.17
355.62
124.50
105.25
146.70
204.74
176.76
26.18
7.29
1.74
1.58
2.58
2.37
4.38
0.62
2.09
1686.95
1699.03
1215.79
602.93
379.16
1221.57
65.88
30.26
33.58
26.35
7.31
9.89
40.23
22.74
357.67
362.12
315.01
231.47
225.74
198.05
17.08
5.18
5.66
5.71
2.69
5.66
4.88
5.04
1542.77
1591.97
1647.37
1262.79
1419.05
2151.30
23.80
31.96
26.00
19.31
22.08
31.90
1.57
2.05
1.60
1.55
1.58
1.50
279.82
219.92
293.47
151.83
336.99
333.15
22.16
16.03
21.68
13.67
31.14
18.32
60.97
56.46
64.60
40.15
66.68
72.96
4.11
3.68
4.08
3.28
4.93
3.51
6324.79
582.89
10783.23
743.94
110.56
9.73
210.67
15.93
1.78
1.70
1.99
2.19
973.76
68.86
1466.09
133.72
18.20
13.40
15.74
21.91
232.27
20.58
377.38
33.01
3.81
3.66
3.63
4.64
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
PER SHARE VALUES OF STOCKS IN THE DOW
JONES AVERAGES
BARRON'S 50-STOCK AVERAGE
This index is an weighted average of 50 leading issues.
Useful in security valuation. Source: Barron's Stats
This is a list of the Dow Jones trailing 52-week diluted
share earnings, dividends and book values as reported
by the company. Bolded numbers indicate new values.
Sources Barron's Stats and FactSet.
Jan 11
2018
Earns
Book
Divs. Value
5.19
9.20
10.88
1.44
3.43
1.93
1.05
5.69
2.86
3.07
0.80
19.20
7.21
11.97
2.86
1.34 22.68
2.46 24.03
5.68 1.32
3.10 22.40
4.32 76.95
1.16 12.64
1.48 5.38
1.62 27.04
1.52 11.31
3.06 40.34
0.84 8.67
2.90 192.80
3.56 3.60
5.90 19.29
1.0775 14.00
Book
Divs. Value
Earns
Johnson&John
JPMorgChase
McDonalds
Merck Co
Microsoft
Nike Inc
Pfizer
Proc Gam
3M Co
Travelers Cos
UnitedHealth Grp
Utd Tech
Verizon
Visa
Wal-mart
5.76
6.31
6.93
1.67
2.94
2.31
1.62
5.69
8.95
8.61
9.02
6.45
3.90
2.80
3.76
3.32
2.12
3.83
1.89
1.59
0.74
1.28
2.7383
4.70
2.83
2.875
2.72
2.335
0.69
2.04
26.02
64.06
(2.69)
14.58
9.39
7.55
9.81
21.22
17.26
83.05
40.20
34.10
5.53
11.61
25.52
Transportation Stocks
Alaska Air Group
American Airlines
Avis Budget Grp
C.H. Robinson
CSX Corp
Delta Air Lines
Expeditors Int'l
FedEx
Hunt (JB)
JetBlue Air
6.23
3.93
1.35
3.35
1.94
4.94
2.38
10.85
3.76
1.94
1.20
0.40
Nil
1.81
0.76
1.015
0.84
1.90
0.92
Nil
23.77
7.46
2.57
8.90
12.58
16.81
10.26
59.92
12.70
11.92
KC Southern
Kirby Corp
Landstar Sys
Matson Inc
Norf So
Ryder Sys
Southwest Air
Un Pacific
UPS
United Continental
5.09
2.11
3.61
1.94
6.36
3.69
3.48
5.66
4.08
7.24
1.38
Nil
0.38
0.78
2.44
1.80
0.475
2.48
3.32
Nil
38.31
44.74
12.97
10.99
42.73
38.39
13.03
24.43
0.47
27.52
0.48
2.39
1.62
1.07
2.76
3.035
3.49
2.2325
4.24
35.38
29.30
8.03
46.88
23.26
58.62
36.82
Exelon
2.23
FirstEnergy
(11.70)
NextEra Energy
9.08
NiSource Inc.
0.82
PG&E Corp.
4.35
Pub Sv Ent
1.03
Southn Co.
0.55
1.31
1.44
3.93
0.70
2.04
1.72
2.30
27.96
14.11
52.01
12.60
35.39
26.01
25.00
(Shares in
thousands)
DISTRIBUTIONS & OFFERINGS
AquaBounty Technologies
3,690,000
$3.25
$12,000,000
7,000,000
$18.65
$130,550,000
19,210,000
$27.50
$528,180,000
Taylor Morrison Home
Source: Dealogic LLC, New York City; (212) 577-4400.
DELTA MARKET SENTIMENT INDICATOR
The Delta MSI measures the position of ~2,000 stocks relative
to an intermediate-term moving average crossover (MAC)
point. When greater than 50% of the stocks followed are above
this MAC point, the market is bullish and equities are attractive.
When the indicator is below 50%, risk is elevated and stock
exposures should be reduced. Manager uses discretion on asset
allocation when MSI is 50% +/- 3%.
Last
Week
Current Sentiment
BULLISH
2 Weeks
Ago
71.1%
939,519
932,178
655,645
0
57,446
230,510
982,777
459,691
0
1,491,815
6,309,623
0
4,117,502
21,573
985,267
79,392
17,262,940
Prev.
Week
700,038
721,559
514,537
0
53,389
186,185
753,631
360,924
0
1,212,318
4,905,760
0
3,085,386
19,180
781,341
58,536
13,352,785
Year
Ago
1,023,063
702,320
449,349
0
46,896
406,707
963,690
377,628
0
1,705,161
5,848,879
2,596
4,196,008
0
1,074,766
111,518
16,908,580
Coming U.S. Auctions
Yields (%)
When
Last
Issued*
Auction
Day
M
T
$45.0 bil
$48.0 bil
$42.0 bil
3 Weeks
Ago
67.8%
Last
Week
Bats
Bats Y
Boston
CBOE
Chicago
Edge A
Edge X
IEX
ISE
NASDAQ Mkt Cntr
Finra/NASDAQ TRF
National
NYSE
NYSE American
NYSE Arca
Phila.
Total
Secondary Distributions of common stocks
Alliance MMA
2,150,000
$1.00
$2,150,000
FortressTransportation&Infrastructure
21.66
18.89
13.85
13.84
4.30
5.71
12.61
11.48
6.42
–6.68
–5.26
0.39
7.61
–9.35
WEEKLY VOLUME BY MARKETS
IN NYSE-LISTED STOCKS
Utility Stocks
AES Corp.
(1.17)
Am Elec
3.83
American Water Works
2.95
CenterPt Energy
1.37
Con Ed
3.99
Dominion Energy
3.39
Duke Energy
3.03
Edison Int'l
4.43
Jan Yr-to-Yr
2017 % Chg
S&P 500 Index
2767.56 2723.99 2274.85
Barron's 50 Index
8764.00 8616.58
7371
Projected quarterly earn
100.26 100.26 88.06
Annualized projected earn 401.02 401.02 352.26
Annualized projected P/E
21.90 21.49
21.0
Five-year average earn
367.17 367.17 347.35
Five-year average P/E
23.90 23.47
21.2
Year-end earn
387.60 387.60 347.69
Year-end P/E
22.60 22.23
21.2
Year-end earns yield, %
4.40
4.50
4.7
Best grade bond yields, %
3.29
3.27
3.47
Bond yields/stock ylds, %
0.74
0.73
0.74
Actual year-end divs
190.74 190.66 177.26
Actual yr-end divs yld, %
2.18
2.21
2.40
Industrial Stocks
Am Exp
Apple
Boeing
Caterpillar
Chevron Corp
Cisco Sys
Coca Cola
Disney Walt
DowDuPont
ExxonMobil
Gen Elec
Goldman Sachs
Home Depot
IBM
Intel
Jan 4
2018
65.4%
Current Market Exposure: 100% Equities, 0% Bonds, 0% Cash
Source: Delta Investment Management
www.deltaim.com, (415) 249-6337
1-month
3-month
6-month
1.314
1.470
1.620
1.280
1.430
1.575
* As of Friday afternoon.
U.S. DOLLAR INDEX vs EURO and YEN
Dollar Drop: The Fed’s Dollar Index fell to 90.9 from 92.02 while the euro hit a
three-year high of $1.21 aided by signs of political cohesion in Germany.
20
s
EURO in $
s
YEN in $
10
0
-10
s
DXY (90.90)
-20
F
M
A
M
J
J
A
S
O
N
D
J
Source: Tullett Prebon
M36
BARRON’S
January 15, 2018
Market Laboratory
EARNINGS SCOREBOARD
CONSENSUS OPERATING EARNINGS ESTIMATES FOR DOW INDUSTRIALS
Company
3M
American Express
Apple
Boeing
Caterpillar
Chevron
Cisco Systems
Coca–Cola
Disney
DowDuPont
Exxon Mobil
General Electric
Goldman Sachs
Home Depot
IBM
Intel
2017 EPS1
4 Wks
Ago
Cur
9.07
5.85
9.61
10.19
6.42
4.07
2.41
1.91
5.76
3.22
3.62
1.07
19.11
7.38
13.80
3.25
9.08
5.85
9.61
10.20
6.46
4.22
2.41
1.91
5.75
3.22
3.64
1.07
18.88
7.39
13.80
3.25
2018 EPS1
2017 4 Wks
2018
P/E2
Ago
Cur P/E2
26.7
17.2
18.2
32.2
26.2
31.4
16.6
24.1
19.3
23.4
23.9
17.8
13.5
26.4
11.9
13.3
9.65
6.47
11.69
11.09
7.87
5.15
2.52
1.98
6.28
4.01
4.10
1.03
20.35
8.33
13.92
3.27
9.83
6.91
11.69
11.51
8.04
5.65
2.53
2.01
6.44
4.04
4.25
1.03
21.15
8.57
13.88
3.27
24.6
14.6
15.0
28.5
21.0
23.5
15.9
22.9
17.2
18.6
20.5
18.5
12.1
22.7
11.8
13.3
Company
2017 EPS1
4 Wks
Ago
Cur
Johnson & Johnson 7.28
7.28
McDonalds
6.53
6.53
Merck
3.94
3.94
Microsoft
3.46
3.46
Morgan (J.P)
6.91
6.92
Nike
2.25
2.31
Pfizer
2.59
2.59
Procter & Gamble
4.04
4.04
Travelers
6.98
6.72
United Technologies 6.61
6.61
UnitedHealth
10.00 10.00
Verizon
3.77
3.76
Visa
3.60
3.61
Wal–Mart Stores
4.43
4.43
Median
DJ Industrials
1233.39 1232.32
1Earnings estimates are for calendar years. 2Based on latest earnings estimate.
2018 EPS1
2017 4 Wks
2018
P/E2
Ago
Cur P/E2
19.9
7.86
7.85
26.5
7.00
7.13
14.6
4.07
4.07
25.5
3.52
3.53
16.0
7.65
8.39
27.8
2.49
2.44
14.1
2.75
2.76
22.3
4.29
4.31
19.7
9.53 10.22
20.4
6.84
6.85
22.5 10.82 11.23
13.9
3.88
3.97
33.2
4.24
4.34
22.6
4.68
4.79
21.4
20.8 1358.70 1395.43
18.4
24.3
14.2
25.0
13.2
26.4
13.3
20.9
13.0
19.7
20.1
13.1
27.6
20.9
19.1
18.3
Source: Thomson Reuters.
DOW JONES U.S. TOTAL MARKET INDUSTRY GROUPS
For personal Do not edit or alter. Reproductions not permitted.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or
Top 10 Weekly Ranked
Electronic Office Equip
Marine Transportation
Airlines
Aerospace
Asset Managers
Broadline Retailers
Travel & Tourism
Oil Equipment & Svcs
Media Agencies
Aluminum
IG-Sym
DJUSOE
DJUSMT
DJUSAR
DJUSAS
DJUSAG
DJUSRB
DJUSTT
DJUSOI
DJUSAV
DJUSAL
Close
102.17
245.53
310.94
1607.95
242.35
1483.70
704.78
483.47
572.66
181.33
Net Change
Wkly
YTD
+ 12.95 15.50
+ 18.38 26.26
+ 19.44 18.78
+ 90.43 143.90
+ 12.82 16.34
+ 77.79 132.34
+ 35.13 66.12
+ 23.62 55.27
+ 27.52 24.28
+ 8.53
9.23
Week Rank
+14.51
[1]
+8.09
[2]
+6.67
[3]
+5.96
[4]
+5.58
[5]
+5.53
[6]
+5.25
[7]
+5.14
[8]
+5.05
[9]
+4.94 [10]
% Change and Ranking
Yr Ago Rank
YTD Rank
–19.14 [143] +17.89
[1]
+14.72 [96] +11.98
[3]
+13.45 [99]
+6.43 [32]
+59.72
[3]
+9.83
[8]
+34.39 [29]
+7.23 [23]
+51.40
[6]
+9.79
[9]
+19.45 [79] +10.35
[6]
–9.61 [139] +12.91
[2]
–9.77 [140]
+4.43 [78]
+71.79
[2]
+5.36 [54]
52 Week
3 Yr
High
Low
–18.03 128.60
74.73
–2.49 245.53 197.12
+8.14 310.94 242.17
+21.62 1,607.95 996.87
+10.75 242.35 172.45
+30.00 1,483.70 962.19
+12.43 747.62 590.31
–1.63 541.44 371.81
–.13 658.85 517.36
+10.59 181.81
94.85
Net Change
% Change and Ranking
52 Week
Top 10 Yr Ago Ranked
IG-Sym
Close Wkly
YTD
Week Rank Yr Ago Rank
YTD Rank
3 Yr
High
Low
DJUSHB
Home Construction
983.97 + 4.21 44.72
+.43 [107] +78.35
[1]
+4.76 [71] +21.37 986.26 543.85
DJUSAL
Aluminum
181.33 + 8.53
9.23
+4.94 [10] +71.79
[2]
+5.36 [54] +10.59 181.81
94.85
DJUSAS
Aerospace
1607.95 + 90.43 143.90
+5.96
[4] +59.72
[3]
+9.83
[8] +21.62 1,607.95 996.87
DJUSLG
Hotels
2099.07 + 97.54 72.94
+4.87 [11] +58.03
[4]
+3.60 [94] +20.59 2,099.07 1,330.65
DJUSMF
Mortgage Finance
8.64
+ .27
.51
+3.22 [29] +52.91
[5]
+6.27 [36] +15.49
8.67
5.63
DJUSRB
Broadline Retailers
1483.70 + 77.79 132.34
+5.53
[6] +51.40
[6]
+9.79
[9] +30.00 1,483.70 962.19
DJUSSP
Specialty Finance
213.41 + 3.05 11.07
+1.45 [85] +51.39
[7]
+5.47 [51] +21.44 213.41 141.42
DJUSHR
Commercial Vehicles
2285.15 + 88.34 140.11
+4.02 [18] +50.78
[8]
+6.53 [31] +18.52 2,285.15 1,515.78
DJUSVN
Distillers & Vintners
457.80 – 7.86 –21.37
–1.69 [125] +47.95
[9]
–4.46 [132] +21.60 479.17 311.72
DJUSAE
Aerospace & Defense
1486.29 + 64.56 100.54
+4.54 [14] +46.48 [10]
+7.26 [22] +21.19 1,486.29 1,009.76
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 average. Volume figures do not reflect extended trading hours. See barrons.com
for complete table.
Coming Earnings
Last Week's Major Surprises
Company
Positive
Supervalu
Saratoga Investment
A Schulman
Helen Of Troy
Barracuda Networks
Delta Air Lines
Kb Home
Constellation Brands
Ticker
Period
SVU
SAR
SHLM
HELE
CUDA
DAL
KBH
STZ
3Q
3Q
1Q
3Q
3Q
4Q
4Q
3Q
Cons.
Est.1
Actual
Net Per
Share
0.46
0.54
0.45
2.12
0.19
0.88
0.77
1.89
0.61
0.71
0.55
2.52
0.21
0.96
0.84
2.00
Negative
Cal-Maine Foods
CALM
2Q
0.74
0.55
Shaw Comm
SJR
1Q
0.29
0.23
Lennar
LEN
4Q
1.48
1.29
Corus Entertainment
CJREF
1Q
0.43
0.38
Greenbrier Co
GBX
1Q
0.93
0.83
Acuity Brands
AYI
1Q
2.10
1.94
1Latest consensus estimate among industry analysts, as compiled
by Thomson Reuters before actual earnings were reported.
Last Week's Major Estimate Changes
Company
Ticker
Positive
RAD
SCHN
SONC
MSM
JCP
HP
STX
GWB
EV
LM
SNX
CPG
Rite Aid
Schnitzer Steel Industries
Sonic
Msc Industrial Direct
J C Penney
Helmerich And Payne
Seagate Technology
Great Western Bancorp
Eaton Vance Corp
Legg Mason
Synnex
Crescent Point Energy
FY
End
Prev.
Fri.
Cons.
Last
Fri.
Cons.
18-Feb
18-Aug
18-Aug
18-Aug
18-Jan
18-Sep
18-Jun
18-Sep
18-Oct
18-Mar
18-Nov
17-Dec
-0.09
2.26
1.35
4.56
0.09
-0.38
4.01
2.65
3.08
2.85
9.66
-0.17
-0.06
2.67
1.52
5.08
0.10
-0.34
4.31
2.84
3.28
3.03
10.27
-0.16
Negative
Gopro
GPRO
17-Dec
0.06
-0.45
Gain Capital Hldgs
GCAP
17-Dec
0.04
-0.09
Greenhill &
GHL
17-Dec
0.10
0.01
Mattel
MAT
17-Dec
-0.11
-0.16
Everest Re Grp
RE
17-Dec
1.64
1.19
Express
EXPR
18-Jan
0.46
0.35
Francesca'S Hldgs
FRAN
18-Jan
0.68
0.52
Credit Suisse Grp
CSGKF
17-Dec
0.76
0.60
Deutsche Bank
DB
17-Dec
1.00
0.81
Core-Mark Holding
CORE
17-Dec
1.19
1.01
Xl Grp
XL
17-Dec
-1.91
-2.04
Corus Entertainment
CJREF
18-Aug
1.08
1.01
1Latest consensus estimate among industry analysts, as compiled
by Thomson Reuters.
SELECTED INITIAL PUBLIC OFFERINGS
Industrial Logistics
Liberty Oilfield
Platinum Eagle
Nebula Acquisition
Ticker
Code
Initial
Offer
Price
Most
IPO Recent
Date Price
ILPT
LBRT
EAGLU
NEBUU
24.00
17.00
10.00
10.00
1/12
1/12
1/12
1/10
23.35
21.75
10.01
10.06
%
Chg
-2.7%
27.9%
0.1%
0.6%
Day
Consensus
Estimate
Year
Ago
T
CHARLES SCHWAB (4Q)
UNITEDHEALTH (4Q)
CSX (4Q)
COMMERCE BANCSHARES (4Q)
0.42
2.51
0.56
0.72
0.36
2.11
0.49
0.65
W
WESTAMERICA BANCORP (4Q)
HANCOCK HLDG CO (4Q)
FASTENAL CO (4Q)
BANK OF AMERICA (4Q)
SLM (4Q)
WASHINGTON FEDERAL (1Q)
US BANCORP (4Q)
SIGNATURE BANK (4Q)
GOLDMAN SACHS (4Q)
PTC (1Q)
0.58
0.83
0.45
0.44
0.19
0.51
0.87
2.23
4.91
0.30
0.56
0.64
0.40
0.41
0.15
0.46
0.82
2.11
5.08
0.26
Th
PEOPLES UNITED Fin'l (4Q)
GATX (4Q)
American Express (4Q)
JB HUNT TRANSPORT SERVICES (4Q)
MORGAN STANLEY (4Q)
Int'l BUSINESS MACHINES (4Q)
PPG INDUSTRIES (4Q)
BANK OF NEW YORK MELLON (4Q)
BB&T (4Q)
M&T BANK (4Q)
KEYCORP (4Q)
0.27
0.73
1.54
0.96
0.77
5.16
1.19
0.91
0.79
2.40
0.36
0.24
1.14
0.88
0.97
0.81
5.01
1.19
0.77
0.72
1.98
0.31
F
FIRST HORIZON NATIONAL (4Q)
SUNTRUST BANKS (4Q)
Regions FinancialRP (4Q)
SCHLUMBERGER NV (4Q)
KANSAS CITY SOUTHERN (4Q)
0.30
1.05
0.26
0.45
1.37
0.23
0.90
0.23
0.27
1.12
Continued from page 13 of the main section.
(Earnings are diluted and report dates are tentative. All forecasts and historical numbers exclude extraordinary items by
accounting definitions.)
Source: Thomson First Call
PULSE OF THE ECONOMY
Only includes new reports. For complete table, see barrons.com
Economic Growth and Investment
Latest
Date
Latest
Data
Preceding
Period
Year
Ago
YroYr
% Chg
No Activity for this Week
93,331
95.3
1,215
1,649
70.7
82,002
96.7
1,098
1,637
70.2
81,914
93.6
974
1,684
71.0
13.94
1.82
24.74
–2.08
–0.42
Nov
Jan 6
Jan 12
Dec
Nov
1,420.06
0.13
1,279
495.38
492,385
r1,403.20
0.30
1,371
r493.64
r485,148
1,315.71
–5.11
910
469.80
448,244
7.93
….
40.55
5.44
9.85
Nov
Jan 5
Jan 5
Nov
Nov
1,895.38
419,515
237,322
1.33
611,026
r1,887.24
424,463
233,187
r1.34
r606,128
1,836.56
483,109
240,473
1.40
587,765
3.20
–13.16
–1.31
–5.00
3.96
Inventories
Business inventories, (bil. $) .........................................................
Domestic crude oil, (thous. bbls) Comm. (Excl. Lease Stck) ...........
Gasoline, (thous. bbls) ..................................................................
Inventory–to–sales ratio (Business) ..............................................
Wholesale inventories, (mil. $) ......................................................
Orders
No Activity for this Week
Preceding
Period
Year
Ago
YroYr
% Chg
Jan 12
Dec
Dec
Dec
113.01
246.5
201.2
2.1
110.96
246.7
201.8
2.2
106.59
241.4
194.7
2.1
6.02
2.11
3.34
….
Jan 6
Dec 30
Nov
Nov
Nov
Dec
261
1.867
5,879
5,488
5,202
104.9
250
r1.902
r5,925
r5,592
r5,251
107.5
245
2.081
5,631
5,263
5,075
105.8
6.53
–10.28
4.40
4.28
2.50
–0.85
Jan 12
0.52
r0.43
0.15
….
No Activity for this Week
Jan 6
Jan 5
Jan 12
Jan 6
Jan 6
Consumption and Distribution
Business sales, (mil. $) .................................................................
Instinet Research Redbook Avg. (monthly %) ................................
Baltic Dry Index .............................................................................
Retail store sales, (bil. $) ...............................................................
Wholesale sales, (mil. $) ...............................................................
Latest
Data
Trade
Production
Electric power, (mil. kw hrs) (EEI) ..................................................
Petroleum, related capacity, % ......................................................
Rotary rigs running, U.S. & Can., (Hughes) ....................................
Steel, (thous. tons) ........................................................................
Steel, rated capacity, % (AISI)........................................................
Latest
Date
Inflation
JOC–ECRI Industrial Price Index f ..................................................
Consumer price index b (unadjusted) ............................................
Producer price index (finished goods) c .........................................
Rate of inflation, % (annual, unadjusted)........................................
Employment
Initial jobless claims (thous.) ........................................................
Continuing claims (mil.) ................................................................
Job openings, (thous.) ..................................................................
Hires, (thous.) ...............................................................................
Total separations, (thous.).............................................................
Small Business Optimism Index ....................................................
Construction
No Activity for this Week
Other Indicators
Citi Research Panic–Euphoria Reading ..........................................
a-1997 equals 100. b-1982-84 equals 100. c-1982 equals 100. f-1996 equals 100. r-Revised.
January 15, 2018
BARRON’S
M37
Market Laboratory
WEEK’S NEW HIGHS AND LOWS
Weekly Comp.
New Highs
New Lows
NYSE
WEEK’S NEW HIGHS AND LOWS
Biomerica
Bioverativ
BldrsAsia50ADS
BldrsDev100
BldrsEmg50
BldrsEur100
BloominBrands
BlueBuffaloPet
BOK Fin
Bottomline
BrynMawrBank
BuildersFirstSrc
CalamosStratTot
CalamsGlblDynInc
CalavoGrowers
Carlyle
CasaSystems
CasellaWaste
CaseysGenStores
CavcoIndustries
Cavium
CboeGlobalMkts
CBTX
CDK Global
CDW
CellularBiomed
CenturyAluminum
CH Robinson
ChartIndustries
ChembioDiagn
Children'sPlace
ChinaCustRelat
ChinaNaturalRscs
ChurchillDowns
Cimpress
CiscoSystems
CitrixSystems
ClearBr AC Grw
ClearBrDivStrat
ClearBrLCGrw
Codexis
Cogint
CollegiumPharm
ColliersIntl
ColumbusMcKinn
Comcast A
CommerceBcshrs
Conmed
ConnectOneBncp
ConstellAlphaCap
ConstellAlphaRt
Copart
CorceptTherap
CoStar
CounterPath
CPS Tech
CRA Intl
CrackerBarrel
CreditAcceptance
CRISPR Therap
Crocs
CSX
CSX-LinksCrudeOil
CueBiopharma
Cutera
CytomXTherap
Cytosorbents
DASAN Zhone
DavisFinl
DavisUSEquity
DavisWorldwide
Denny's
DiamondbkEner
DigitalTurbine
DollarTree
DorseyWrightPeople
DraperOakwoodRt
DraperOakwoodWt
E*TRADE
EasterlyAcqn
EastWestBncp
eBay
Ebix
NYSE Amer Nasdaq
584
114
25
8
638
98
NYSE AMER
AbrdnAusEq
AberdChileFd
AberdeenEmgSmCos
AbrdFstIsrael
CentralFdCanada
CentralSecs
ChinaXiniyaFash
NEW HIGHS
ConTomka
HMG Court
EllsworthGrw&Incm HennessyCapIII
EllsworthPfdA IntelligentSys
LadenburgThalPf
Enservco
GabelliUtilInco PolymetMining
GranTierraEner RingEnergy
Skyline
SparkNetworks
TrilogyMetals
22ndCentury
UraniumEner
WirelessTel
NEW LOWS
BluerockResREIT KlondexMines Oragenics
RMR Real Estate
BluerockResPfdA NanoViricides
OwensRealtyMtg SoCA Ed pfC
For personal Do not edit or alter. Reproductions not permitted.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or
NASDAQ
1-800-FLOWERS
21stCenturyFoxB
2U
51job
8Point3Energy
Abaxis
Abiomed
Ablynx
AC Immune
AcceleronPharma
ActiveAltsCont
ActivisionBliz
Actua
AdobeSystems
AdvAcceltrApp
AdverumBiotech
AgiosPharm
AirT
AlbireoPharma
AlliedMotionTech
AllscriptsHlthcr
Alphabet A
Alphabet C
AlphaMarkActiveMgd
ALPS/DorseyMom
Altaba
AltairEngg
AltraIndlMotion
Amazon.com
AmerAirlines
AmericanWoodmark
AmeriHoldings
AmerisBancorp
AmeriWt
AmplifyOnlineRet
AmRvrBksh
AnaptysBio
Ansys
ApolloMedical
Apple
ApproachRscs
arGEN-X
ArrayBioPharma
ArrowCntryRotat
ArrowheadPharm
ArrowInvDWATact
AscendisPharma
AspenGroup
AspenTech
Astronics
ASV
AtaraBiotherap
AtlanticCoastFin
AveXis
AvisBudget
AxoGen
Bancorp34
BankMutual
Barington/HilcoWt
Bazaarvoice
Bio-Techne
NEW HIGHS
FidelityD&D
iShExponentialTech
FidelityNasdComp iShGlbCleanEnergy
FifthThirdBncp iShGlbTimber
FirstCitizBcshA iShIndia50ETF
FirsthandTechVal iShIntlDevRealEst
FirstInternetBncp iShMornMCValue
FirstMidwestBncp iShMSCI ACWI
iShMSCI EAFE SC
FirstSolar
Fiserv
iShMSCIACWIxUS
Flex
iShMSCIACxJpn
FlexShRealAsset iShMSCIChina
FlexShUSQualLC iShMSCIEAFEESGOpt
FlexSTOXXGlbESGImp iShMSCIEMESGOpt
FlirSystems
iShMSCIEmMkAsia
ForescoutTechs iShMSCIEMxChina
FormulaSys
iShMSCIEuropeFinls
iShMSCIEuropeSmCp
ForwardAir
FoundationMed iShMSCIGlbImpact
iShMSCINewZealand
FSB Bancorp
FT APxJapan
iShMSCIUSAESGOpt
iShRuss1000PureUS
FT BICK
FT CanadaAlpha iShS&PSC600Growth
FT CapStrength iShSelectDividend
FT ChinaAlphaDEX JackHenry
FT CloudComp JanusS/MC GrwAlph
FT DevIntlEquity JanusSCGrwAlpha
FT DevMkts
JasonIndustries
FT DevMktsXUS JBHunt
FT DorseyDyn5 JuniperPharm
FT DorseyFoc5 KaiserAlum
FT DorseyIntl5 KayneAnAcqn
FT EM Alphadex KayneAnAcqnWt
FT EM EquitySel KBLMergerIV Wt
FT EM SC Alpha Kforce
FT EuropeAlpha Kingstone
FT GerAlpha
KLX
FT GlblAgri
LandstarSystem
FT GlbNatRscs Lantheus
FT HK AlphaDEX LegacyTexasFin
FT Intl IPO
LeggMasonDev
FT JapanAlpha LeggMasonEMDivCore
FT LC CoreAlpha LeggMasonSCQualVal
FT LC GrwthAlpha LeisureAcqnWt
FT LC US Equity LendingTree
FT LC Value
LibertyQVC A
FT MC CoreAlpha LibertyQVC B
FT MC GrwthAlpha LKQ
FT MC US Equity LoopIndustries
FT MC ValAlpha LPL Financial
FT MCGrAlpDX lululemon
FT MegaCap
LutherBurbank
FT MuCValAlpha MadrigalPharm
FT Nasd100 EW ManhattanAssoc
FT Nasd100Tech Manitex
FT Nasd100xTech Marriott
FT NasdaqTrans MartenTransport
FT NasdCleanEdge MBFinPfdC
FT NasdClEdSmGr McGrathRentCorp
FT NasdComBk MedallionFin
FT NasdCybersec MellanoxTech
FT NasdGlblAuto MercadoLibre
PwrShFTSEIntlLow
PwrShGlblAgricult
PwrShGlbWater
PwrShGoldDragon
PwrShHY EqDiv
PwrShIntlBuyBack
PwrShIntlDivAch
PwrShKBW Banks
PwrShKBW RegBk
PwrShNasdInternet
PwrShQQQ 1
PwrShRuss1000Low
PwrShS&P SC CD
PwrShS&P ScHealth
PwrShS&PSCMatls
PwrShUS1500
PwrShWaterRscs
Qualys
Rapid7
RealPage
Remark
RiceBranTech
RichardsonElec
RMR Group
ROBOGlblRobotics
RockyBrands
RossStores
RushEnt A
RushEnt B
SageTherap
Saia
SareptaTherap
SB Financial PfA
SchnitzerSteel
SchulmanA
SeacoastBkgFL
Seagate
SecooHolding
SEI Investments
SelectBancorp
SentinelEnerSvs
ShoreBancshares
SifyTech
SigmaDesigns
SiliconMotion
SilverRunII
SilverRunII
SilverRunII Wt
SimplyGoodFoods
SimplyGoodFoodsWt
SkyWest
SleepNumber
SodaStream
SouthernFirstBcsh
SPAR Group
Splunk
SprottFocus
SS&C Tech
SteelDynamics
SterlingBancorp
StevenMadden
FT NasdOil&Gas
FT NasdPharm
FT NasdRetail
FT NasdSmartphone
FT NasdTechDiv
FT RBA AmerInd
FT RiverFrDynAP
FT RiverFrDynDev
FT RiverFrDynEM
FT RiverFrDynEur
FT SC CoreAlpha
FT SC GrwthAlpha
FT SC US Equity
FT SC Value
FT SKoreaAlpha
FT SMID CapRising
FT SwitzAlpha
FT TotalUSMkt
FT UK Alpha
FT USEquityDiv
FTBuyWriteIncm
FTEurozoneAlpha
FTHdgBuyWriteIncm
FTNasdaqBk
FTRisingDivAch
FusionTelecom
Galapagos
GalectinTherap
GalmedPharm
GDSHoldings
GeneticTechs
Gentex
GigaMedia
GIIIApparel
GilatSatellite
GlbBloodTherap
GlbPartnerAcqnWt
GlbX Robotics&AI
GlbXConsciousCos
GlbXFinTech
GlbXInternetThings
GlbXLongevityThem
GlbXMillThematic
GlbXMSCISuperDiv
GlbXNASDAQChinaTch
GlbXS&P500Catholic
GlbXSocialMedia
GldstoneComrc pf
GlycoMimetics
GpoFinGalicia
GreeneCnty
GriffinIndlRealty
Grifols
GSV Capital
GulfIslandFab
H&E Equipment
HamiltonBancorp
HamiltonLane
HancockHolding
Hardinge
HarvardBioSci
HeritageCommerce
HeritageCrystal
HeronTherap
Histogenics
HomeStreet
HopFedBancorp
HorizDAXGermany
HorizNasd100
HorizonTechFin
HuntingtonBcshs
Hurco
IdexxLab
Ignyta
Illumina
Immunomedics
IndepBankMI
IndependentBank
Insulet
InteractiveBrkrs
InterParfums
IntersectENT
Intricon
MeridianBancorp
Michaels
Microsemi
Microsoft
MidPennBancorp
MillAcqn Wt
MillerHerman
Mimecast
MiratiTherap
MMA Capital
MobileMini
MolecularTemp
Monro
MonsterBev
Mylan
MyoKardia
Nasdaq
NationalVision
NationalWt
NatlHoldings
NatlSecurity
NebulaAcquisition
NektarTherap
NeptuneTech
NetApp
Netflix
Netgear
Neurocrine
Newmark
NewsCorp A
NewsCorp B
NexeoSolutions
NexeoSolutionsUn
NMI Holdings
NorthernTechsIntl
NorthernTrust
Novavax
Novocure
NovumeSolns
Nutanix
NVE
NVIDIA
NXP Semi
OakValleyBncp
ObesityETF
Old2ndBcp
OldDomFreight
Ollie'sBargain
ON Semi
OptiNose
OpusBank
OspreyEnergy
OssenInnovation
Otelco
Overstock
Paccar
PainTherap
PartnerComms
PayPal
PeapackGladFinl
PennNational
PensareAcqn
Perceptron
PerformantFin
PetMedExpress
Pixelworks
Plexus
Pool
PRGXGlobal
PrincipalFin
PrincipalHlthInnov
PrincipalIntlMulti
PrincipalShrhldrYd
PrincipalSustMom
PrincipalUSMega
PrincipalUSSCMulti
PrincplMillennials
ProgressSoftware
Proofpoint
ProShEquRising
ProShUltPrQQQ
ProvidenceService
PTC Therap
StewardshipFin
StoneCastleFin
StudentTransprt
SucampoPharm
SunHydraulics
SuperCom
support.com
SVB Fin
TaylorDevices
TD Ameritrade
TechTarget
TexasCapBcshs
TexasInstruments
TexasRoadhouse
The9
TheBancorp
TiGenix
TitanMachinery
TractorSupply
TriumphBancorp
tronc
TRowePrice
Trupanion
UbiquitiNetworks
UnitedBancorpOH
UnitedInsurance
UnitedSecBcshrs
UnivDisplay
UnivLogistics
US Energy
USA Truck
UtdCmtyBks
ValideaMktLeg
VanEckGenDrugs
VanEckPharm
VangdGlblxUS RE
VangdIntlHiDiv
VangdRuss1000
VangdRuss1000Grw
VangdRuss1000Val
VangdRuss2000
VangdRuss2000Grw
VangdRuss2000Val
VangdRuss3000
VangdTotIntlStk
Vericel
ViaSat
VicShDevEnhVol
VicShDivAccel
VicShEMHiDivVol
VicShEMVolWtd
VicShIntlHiDivVol
VicShIntlVolWtd
VicShUS500EnhVol
VicShUS500Vol
VicShUSDiscEnhVol
VicShUSLCHiDivVol
VicShUSMultMin
VicShUSSCVolWtd
VidentCoreUSEquity
VidentIntlEquityFd
ViewRay
VikingTherap
VikingTheraWt
VirtuFinancial
VirtusInvtPfdD
VirtusInvtPtrs
Visteon
VitalTherapies
Vodafone
VSInverseVIXSTerm
VSInvVIXMedTerm
Vuzix
WD-40
WeatherStorm
Wendy's
WernerEnterprises
Wingstop
WintrustFin
WisdomTreeInvs
WisdTrChinaxSOE
WisdTrEMConGrwth
WisdTrGermanyHdg
CONFERENCE CALL CALENDAR
Earnings - Related
Company
Bank of America
Comerica
CSX
IHS Markit Ltd
International Business Machines
Kansas City Southern
KeyCorp
M&T Bank
People's United Financial
PPG Industries
Regions Financial
Schlumberger NV
SunTrust Banks
U.S. Bancorp
Source: CCBN, www.ccbn.com
Date
Time
Earnings-Related Period
January 17
January 16
January 16
January 16
January 18
January 19
January 18
January 18
January 18
January 18
January 19
January 19
January 19
January 17
8:30AM
8:00AM
4:30PM
8:00AM
5:00PM
8:45AM
9:00AM
11:00AM
5:00PM
2:00PM
11:00AM
8:30AM
8:00AM
9:00AM
Q4
Q4
Q4
Q4
Q4
Q4
Q4
Q4
Q4
Q4
Q4
Q4
Q4
Q4
WEEK’S NEW HIGHS AND LOWS
EchoGlobalLog
EigerBioPharma
ElectrumSpecWt
ElkhornComRotat
EnantaPharma
EncoreWire
Entegris
EnterpriseFinSvcs
EsperionTherap
EtnVncTABS
Everbridge
Exactech
ExpeditorsIntl
ExpressScripts
Facebook
Fastenal
ADOMANI
AllianceMMA
AmerOutdoor
AquaBountyTech
AquaMetals
AratanaTherap
AxovantSciences
AxsomeTherap
BlackRockCapInvt
BrookfieldProp
CellectarBiosci
CitizensHolding
CMSevenStarWt
Cohbar
CommFirstBcshs
CommsSystems
ContraVirPharm
Core-Mark
Cowen7.35%Nts
Curis
Dave&Buster's
Dogness
EdgewaterTech
FFBW
FidusInvt
Intuit
PwrShBuybackAch
IntuitiveSurgical PwrShDivAch
Investar
PwrShDWA DevMkt
iPath5-YearBear PwrShDWA EM
IPG Photonics PwrShDWA Mom
IQ Chaikin US SC PwrShDWAMom
IQChaikinUSLC PwrShDWANasdMom
iRadimed
PwrShDWASCMom
iRhythmTechs PwrShDWATact
iShAsia50ETF
PwrShDynBscMatl
iShCommodSelStrat PwrShDynConDis
iShCoreMSCITotInt PwrShDynConsStp
iShCoreS&PUSGrowth PwrShDynFinl
iShCoreS&PUSValue PwrShDynHlthcr
iShCurrHdMSCIGrmny PwrShDynIndls
iShEurDevRealEst
NEW LOWS
Francesca's
LindbladExpedWt
Fred's
Lipocine
FT LowDurOpp LongTermCareETF
GemphireTherap MatthewsIntl
GolubCapital
MGE Energy
GoPro
NaturalHlthTrends
HabitRestaurants NatusMedical
NebulaAcquisition
HebronTech
HemisphereMedia Neovasc
Hexindai
NetScout
HuntingtonBcPfA OaktreeSpecNts28
iClickInteract
OhrPharm
ImmuneDesign Ovascience
Incyte
OxfordImmunotec
InterceptPharm PacBiosciCA
Invuity
PCM
iPass
PhaseRx
iSh1-3YCreditBond PICO
iSh1-3YTreasuryBd ProShUltProShQQQ
iSh3-7YTreasuryBd PwrShKBWPREIT
iShCore1-5YUSDBd PwrShLadder0-5
JamesRiver
RXiPharmWt
JM Global Un
SabraHealthcare
LeisureAcqnWt SeanergyMarWt
LibertyTripAdvB
ABB
Aflac
AbbVie
Abercrombie&Fitch
AberdeenGrChinaFd
AberdeenSingapore
Accenture
AcornIntl
AdamsNaturalRscs
AdtalemGlbEduc
Aegon
AerCap
AgilentTechs
AirLease
AirProducts
Alcoa
Alibaba
AlleghenyTechs
AllianceData
AllianceBernstein
AllianzGIDivIncm
AllianzGIEqtyConv
AllyFinancial
AlonUSAPartners
AlpineGlblDyn
AlpnGlblPrProp
AlpineTotDynDiv
AmEqtyLf
Ameriprise
AmerisourceBrgn
Ametek
Amphenol
Andeavor
Anthem
AnthemUn
ApolloGlbMgmt
AppliedIndlTechs
Aptiv
Aramark
ArborRealtyNts21
ArcelorMittal
ArchCoal
Arconic
AresDynamicCredit
AresManagement
AristaNetworks
ArmstrongWorld
ArrowElec
AsburyAutomotive
AsiaTigersFund
AspenAerogels
AtHomeGroup
Autohome
Autoliv
AutoNation
AveryDennison
BB&T
BBVABancoFr
BBX CapitalA
BHPBilliton
BHPBilliton
BP
BRT Apartments
BWX Tech
BancodeChile
NEW HIGHS
Constellium
ICE
ContinentalRscs InterContinentl
Cooper-Standard IntlPaper
Copa
InterXion
Corning
Invesco MIO
Cosan
JMP Nts2027
Crane
JPMorganChase
Credicorp
JPMorganWt
CreditSuisse
JacobsEngg
Cummins
JanusHenderson
CurtissWright
HancockFinlOpp
DST Systems
J&J
DXC Tech
JonesLang
Dana
KAR Auction
Danaher
KB Fin
DaqoNewEnergy KB Home
DarlingIngred
KKR
DaVita
Kaman
DeckersOutdoor KapStonePaper
Deere
Kennametal
DelEnhGlDivInc KenonHoldings
DelekUS
KeyCorp
DellTechs
KeysightTechs
DelphiTechs
KimcoRealtyPfdM
DeltaAir
Kirby
Deluxe
Kohl's
DiamondOffshore Kraton
DiplomatPharmacy LATAMAirlines
DiscoverFinSvcs LINE
Dividend&IncomeFd L3 Tech
DolbyLab
LabCpAm
DollarGeneral
LambWeston
Domtar
LazardGlblFd
Donaldson
Lazard
Dover
LazardWorldDiv
DoverDowns
LegacyAcqn
DowDuPont
LeggMason
DycomInds
Leidos
EMCOR
Lennar A
ENI
Lennar B
EOG Rscs
LennoxIntl
EPAM Systems LeucadiaNatl
EagleMaterials LibertyAllStar
EastmanChem LibertyASGFd
EastmanKodakWt LightInTheBox
Eaton
LincolnNational
EatonVance
LincolnNatlWt
EtnVncEqtyInco LithiaMotors
EtnVncEqtyInco II LloydsBanking
EtnVncTxAdvGbl LockheedMartin
EtnVncTxAdvOpp Loews
EtnVncTxMngOpp LomaNegra
EtnVncTxMnGlDvEq Lowe's
EtnVncTxAdvDiv LyondellBasell
EtnVncTxMgdEqu M&T Bank
Ecolab
MDC Holdings
Ecopetrol
MGM Resorts
8x8
MI Homes
EmersonElec
MSCI
EmpresaDisCom MV Oil
Encana
MagnaIntl
EnelGenChile
ManulifeFin
Energen
MarathonOil
Enerplus
MarathonPetrol
EssentGroup
Masco
WisdTrJapanHdgSC
WisdTrMEDiv
WisdTrUK Hdg
WisdTrUSQltyDiv
WisdTrUSSCQltyDiv
Woodward
Xcerra
Xilinx
YRC Worldwide
YY
Zafgen
ZebraTech
ZionsBancorp
ZionsBancorpWt
ZionsBancorpWt
SearsHoldings
SelectaBiosci
SeniorHousing
SentinelEnerSvs
SSR Mining
SummerInfant
TandyLeather
TCP Capital
TDH
TESARO
VangdIntermTrmTrea
VangdShortTermTrea
VangdTotalCpBd
VS2xVIXMedTerm
VS2xVIXShortTerm
VSVIXMedTerm
VSVIXShortTerm
WheelerREIT
WheelerREITPfdB
WheelerREITPfdD
YatraOnline
Yield10Bioscience
YorkWater
Ziopharm
NYSE
RegionalMgmt
RegionsFin
RelianceSteel
ResMed
ResoluteForest
Rexnord
RexnordPfdA
RingCentral
RioTinto
RockwellCollins
RoperTech
RoyalBkScotland
RoyalDutchA
RoyalDutchB
RoyceGlbValueTr
RoyceMicroCap
RoyceValue
RyderSystem
RymanHospitality
S&P Global
Seacor
SPX FLOW
SabineRoyalty
SailPointTechs
Salesforce.com
SantanderCons
Sasol
SchwabC
SchweitzerMaud
ScottsMiracleGro
SelectEnergySvcs
SensataTech
ServiceCorp
ServiceMaster
ServiceNow
SherwinWilliams
ShinhanFin
SixFlags
SmithAO
SnapOn
SOQUIMICH
Sony
SourceCap
SoCopper
SpiritAeroSys
StanleyBlackDck
StanleyBlackDeckUn
StateStreet
Statoil
StifelFinancial
Strats Allst GJT
Strats PG GJR
Stryker
SumitomoMits
SummitHotelPfdE
SunLifeFinancial
SunCokeEnergy
SunTrustBanks
SunTrustBanksWtA
SunTrustBanksWtB
SwissHelvFd
SynchronyFin
SynovusFin
TCF Fin
TCF Fin Wt
WEEK’S NEW HIGHS AND LOWS
BcoSantChile
BancoSantander
BancorpSouth
BankofAmerica
BankofAmWtA
BankofAmWtB
BankofButterfield
BankofMontreal
BankNY Mellon
BkNovaScotia
BankUnited
BaxterIntl
BerkHathwy A
BerkHathwy B
BerryGlobal
BestBuy
BlackKnight
BlackBerry
BlkRkEngyResTr
BlkRkCapEnIncoFd
BlckRkEnDivTr
BlackRock
BlkRkIntlGrInco
BlkRkRscs&Comm
BlkRkSci&Tech
BlkRkUtilities
Blackstone
Boeing
BoiseCascade
BootBarn
BorgWarner
BoulderGrowth
BrightHorizons
Brink's
BroadridgeFinl
BrookfieldBusPtr
Brown&Brown
BurlingtonStrs
CBRE Group
CIT Group
CNH Indl
CNO Financial
CNOOC
Curo
CVR Energy
CVR Refining
Cabot
CadenceBancorp
CAE
CalAtlantic
CanNaturalRes
CanPacRlwy
CantelMedical
CapitalOne
CapitalOneWt
Carlisle
Cars.com
Carters
Caterpillar
Celanese A
Centene
Ctrl&EasternEurFd
CenturyComm
CheetahMobile
Chemed
Chevron
ChinaEastrnAir
ChinaFund
ChinaSoAirlines
ChoiceHotels
ChunghwaTel
Cigna
CitizensFin
Cohen&SteersInfr
ChnStrOppFd
ChnStrsGlbInc
Comerica
ComericaWt
CommercialMetals
ConchoRscs
ConocoPhillips
AXIS Capital
AcadiaRealty
AdvantageOil
AegonCapSec AED
AlamosGold
Alexander&Baldwin
Alexanders
AmericanAssets
AmCampus
AmerHomes4Rent
AmTrustFinPfdA
AmTrustFinPfdD
ApartmtInv
AssuredGuaranty
AtlanticPower
Avalonbay
Barnes&Noble
BlackHills
BlackHillsUn
BlkRkCA MI Tr
BlkRkFL Muni20
BlkRkIncmTr
BlkRkMuniyldInvst
BrixmorProp
CBL AssocPfdD
CBL AssocPfdE
CedarRealtyPfC
ChesapeakeGranite
Cohen&StrQualInc
EsteeLauder
MasTec
EuropeanEqFd Mastercard
EvercoreA
MatadorResources
EvoquaWater
Materion
ExxonMobil
Maximus
FB Financial
MesabiTrust
FCB Financial
MichaelKors
FMC
MitsubishiUFJ
FairIsaac
MizuhoFin
MolinaHealthcare
FedAgriMtg A
FedAgriMtg C
Moody's
FedEx
Moog A
FiatChrysler
Moog B
FidNatlFin
MS EmMktFd
FidNatlInfo
MS Asia
58.com
MorganStanley
FirstAmerFin
MotorolaSol
FT DynEurope
MurphyOil
FirstCash
MurphyUSA
Flagstar
Neenah
NewGermanyFund
FleetCorTech
NewOrientalEduc
FordMotor
FortressTransport NewYork
FortBrandsHome NYTimes A
FranklinCovey
NewmontMin
FreeportMcM
NoahHoldings
FreseniusMed
NobleMidstream
GATX
NomadFoods
GCPAppliedTechs Nordstrom
GabelliDividend NorfolkSouthern
GardnerDenver NoEuroOil
Gartner
NorthropGrum
Genesee&Wyoming NorwegCruise
Genpact
NovoNordisk
GenuineParts
Nucor
GeoPark
NuvDow30Dyn
Gerdau
NuvTaxAdDivGr
Gildan
OM AssetMgmt
GlobalPayments OccidentalPetrol
GlobusMedical Olin
GoDaddy
OnAssignment
Graco
Orange
OrionEngCarbons
GraniteConstr
GraphicPkg
Orix
GrayTelevision A OwensCorning
GpoSupervielle OxfordIndustries
GuangshenRail PGT Innovations
GuggEnhEquFd PIMCOCAMuni
GuggStratOpps PJT Partners
HFF
PNC Fin
HP
PNC Fin Wt
HSBC
POSCO
PSBusParksPfdU
Haemonetic
HancockIncmSecs PVH
HanoverIns
PacificCoastOil
Harris
PackagingCpAm
HewlettPackard PampaEnergia
Hexcel
ParkElectrochem
HighlandFROpps ParkerHannifin
Hill-Rom
PaycomSoftware
Hilton
PeabodyEnergy
HollyFrontier
Pentair
HomeDepot
PerformanceFood
HondaMotor
PerkinElmer
Honeywell
Perrigo
HostHotels
Petrobras
HoulihanLokey PetroleoBrasilA
Hubbell
Phillips66
HudbayMinerals PiperJaffray
Humana
Praxair
Huntsman
ProPetro
HyattHotels
ProtoLabs
ICICI Bank
PrudentialFin
ING Groep
Prudential
Invesco
PulteGroup
IONGeophysical RadianGroup
ITT
RalphLauren
IDEX
RaymondJames
IllinoisToolWks Rayonier
Infosys
Raytheon
Insperity
RedLionHotels
NEW LOWS
ColonyNorthStar KKR Fin Pfd A
ColonyNorthPfdJ KayneAndersonMLPPf
CompassPfdA KimcoRealty
Volaris
LTC Properties
CorpCapitalTr
LegacyAcqnWt
CorpOfficeProp MFA Financial
DTE EnergyUn MFC Bancorp
DTE EnergyDeb77 MFS GvMkTr
DigitalRealtyPfH Mack-Cali
Doubleline Oppor MaidenHldgsPfdC
EPR Prop
MaidenNts46
EtnVnTaxAdvBd&Opt MercuryGeneral
EdisonInt
MidAmApt
EducationRealty NationalGrid
EmpireStateRealty NaviosMaritime
EquityCommnwlth NewMountainFin
FiveOaksInvt
NewSeniorInvt
NorthwestNatGas
GDL Fund Pfd
GEO Group
Northwestern
GabelliMultPfdE Nutrien
GabelliMultimedia NuvGA QualMuni
GlobalNetLease NuvHiIncmDec19
HCP
NuvHiIncm2020
HancockTaxAdvDiv NuvPfd2022Term
HealthcareAmer NuvShrtDurCrOppFd
HerculesCapNts24 OFGBancorpPfA
HighwoodsProp OFGBancorpPfD
JerniganCapital OGE Energy
JustEnergy
TE Connectivity
Ternium
Target
TaylorMorrison
TeckRscsB
TeekayLNG un
TeledyneTech
TempltnDrgn
Teradyne
TexasPacLand
Textainer
Textron
ThermoFisherSci
ThorIndustries
3M
Tiffany
Toll Bros
TopBuild
Torchmark
TorontoDomBk
Total
TotalSystem
ToyotaMotor
TransUnion
TribuneMediaA
Tri-Continental
Trinseo
TurningPoint
Twitter
TwoHarborsPfdC
TylerTech
UBS Group
UnionPacific
UPS B
UnitedRentals
US Bancorp
UnitedTech
UnivInsurance
UnumGroup
VF
Visa
Vale
ValeroEnergy
Vantiv
VinaConcha
VMware
Vonage
VoyaAsiaPacHiDiv
VoyaFinancial
VoyaNaturalRscs
W&T Offshore
WPX Energy
WPX Energy Pfd
Waddell&ReedFin
Wal-Mart
WasteMgt
Waters
Watsco B
Watsco
WattsWater
Wayfair
WebsterFin
WeightWatchers
WellsFargo
WellsFargo Wt
WstAstClymrInflaO
WestlakeChem
WestRock
WildHorseResource
Wiley A
Wiley B
Williams
WilliamsPartners
WolverineWwide
Wyndham
XPO Logistics
XinyuanRealEst
Xylem
YumChina
Zendesk
Zoetis
OaktreeSpecNts24
OmegaHealthcare
OrchidIslandCap
PHH
PIMCOCAMuniII
PSBusParksPfdY
ParamountGroup
PhysiciansRealty
PiedmontOfficeA
PIMCO GlbStckplus
PortlandGenElec
RealtyIncome
RenaissanceRe
SaulCentersPfdC
SoJerseyInd
Southern
SouthernNts77
TeekayTankers
Universal
VEREIT
Ventas
VornadoRealty
WashingtonREIT
WebsterFinlPfdF
Welltower
WelltowerPfdI
WhiteMtnIns
Yext
M38
BARRON’S
January 15, 2018
Market Laboratory
CBOE PUT/CALL RATIO vs S&P 100
MONEY RATES
Discount Rate (NY)
Yr Ago
2
2
11/4
Prime Rate (base)
41/2
41/2
33/4
Fed Funds Rate
Avg effective offer
Avg weekly auction-c
1 /7
1.40
1 /50
1.38
/25
0.66
3
21
17
T-Bills Rate
13 weeks, Coupon Yield
13 weeks, Auction Rate
26 weeks, Coupon Yield
26 weeks, Auction Rate
Avg weekly auction-c
1.455
1.430
1.610
1.575
1.39
1.460
1.435
1.610
1.575
1.40
0.518
0.510
0.600
0.590
0.52
Broker Call Rate
3 1/4
3 1/4
2 1/2
1.53
1.56
1.62
1.75
1.53
1.56
1.62
1.75
0.75
0.85
1.08
1.23
-0.329
-0.271
-0.186
-0.329
-0.271
-0.187
-0.327
-0.236
-0.094
Libor Interbank Rate
1 month
3 months
6 months
12 months
1.56
1.72
1.89
2.17
1.55
1.70
1.87
2.15
0.77
1.02
1.33
1.70
Foreign Prime Rates
Canada
Germany
Japan
Switzerland
Britain
3.20
0.00
1.475
0.50
0.50
3.20
0.00
1.475
0.50
0.50
2.70
0.00
1.475
0.50
0.25
3.60
0.14
0.08
0.25
0.44
0.60
1.02
3.51
0.14
0.08
0.24
0.43
0.60
1.01
3.58
0.11
0.07
0.19
0.33
0.51
0.85
0.10
0.10
0.10
Bankers Acceptances
1 month
2 months
3 months
6 months
Euribor Interbank Rate
3 months
6 months
12 months
Other Money Rates
Fannie Mae Home Loan:
30-Year Fixed Conv
Bank money market-z
Interest Checking-z
6-Month Certif-z
12-Month Certif-z
30 Month Accounts-z
5-Year Certificates-z
U.S. Savings EE Bonds:
Long-Term (5yrs+)
FOREIGN EXCHANGE
The New York foreign exchange mid-range rates are quoted at 5
p.m. Eastern time by Tullet. Retail transactions provide fewer
units of foreign currency per dollar.
S&P 100
Country
CBOE
2.15
0.90
CBOE
1.80
0.80
1.45
0.70
1.10
0.60
0.75
0.50
0.40
J
F
M
A
M
J
J
A
S
O
N
D
J
0.40
Source: CBOE
INVESTOR SENTIMENT READINGS
High bullish readings in the Consensus stock index or in the
Market Vane stock index usually are signs of Market tops; low
ones, market bottoms.
Last
Week
2 Weeks
Ago
3 Weeks
Ago
Consensus Index
Consensus Bullish Sentiment
77%
77%
78%
Source: Consensus Inc., P.O. Box 520526,Independence, Mo.
Historical data available at (800) 383-1441. editor@consensus-inc.com
AAII Index
c-Annualized yields, adjusted for constant maturity, reported by
the Federal Reserve on a weekly average basis.
Sources: Tullett Prebon information, Ltd.
SIX Financial Information. z-Bankrate.com.
Foreign
Foreign
Currency Currency
in U.S.$
in U.S.$
Fri. Last Fri.
Argentina (Peso)-y
Australia (Dollar)
Bahrain (Dinar)
Brazil (Real)
Bulgaria (Lev)
Canada (Dollar)
Chile (Peso)
China (Renminbi)
Colombia (Peso)
Croatia (Kuna)
Czech. Rep. (Koruna)
Commercial rate
s
S&P 100
Bullish
Bearish
Neutral
48.7%
25.1
26.3
59.8%
15.6
24.7
52.7%
20.6
26.7
Source: American Association of Individual Investors,
625 N. Michigan Ave., Chicago, Ill. 60611 (312) 280-0170.
Denmark (Krone)
Ecuador (US Dollar)
Egypt (Pound)-y
Hong Kong (Dollar)
Hungary (Forint)
Iceland (Krona)
India (Rupee)
Indonesia (Rupiah)
Israel (Shekel)
Japan (Yen)
Kazakhstan (Tenge)
Kuwait (Dinar)
Macau ( Pataca)
Malaysia (Ringgit)-b
Mexico (Peso)
Floating rate
New Zealand (Dollar)
Norway (Krone)
Oman (Rial)
Pakistan (Rupee)
Peru (new Sol)
Philippines (Peso)
Poland (Zloty)
Qatar (Rial)
Russia (Ruble)-a
Saudi Arabia (Riyal)
Singapore (Dollar)
.0536
.7916
2.6519
.3120
.6233
.8025
.001656
.1550
.0003323
.1630497
…… ..
.04781
.1638
1.0000
.0565
.1278
.003951
.009723
.01574
.0000752
.2946
.009006
.003036
3.3178
.1241
.2514
…… ..
.0525
.7248
.1262
2.5977
.00903
.3084
.01983
.2925
.2746
.01766
.2666
.7560
Bullish Consensus
72%
70%
70%
Source: Market Vane, P.O. Box 90490,
Pasadena, CA 91109 (626) 395-7436.
TIM Group Market Sentiment
Indicator
46.5%
49.5%
43.0%
Source: TIM Group, 3 Columbus Circle, Suite 1592
New York, NY 10019 (844) 207-1445. timsupport@timgroup.com
Corporate (z)
Municipal (z)
47,100
r16,579
33,145
4,140
r465
11,240
Best Grade Bonds-y (Barron's index of 10 high-grade
corporate bonds.)
3.29
3.27
3.41
Interm-Grade Bonds-y (Barron's index of 10
medium-grade corporate bonds.)
4.20
4.14
4.44
Confidence Index (High-grade index divided by intermediate-grade index; decline in latter vs. former generally
indicates rising confidence, pointing to higher stocks.)
78.1
79.0
76.9
Other Confidence Indicators:
Bloomberg Barclays US Long Treasury*(This
index measures the performance of fixed-rate, nominal US
Treasuries with at least 10 years to maturity. Jan. 1, 1973=100.)
3470.97
3496.34
3302.72
Bloomberg Barclays US Credit (This index
includes all publicly issued, fixed-rate, non-convertible, investment-grade, dollar-denominated, SEC-registered corporate
debt. All issues have at least one year to maturity and outstanding par value of at least $250 million. Jan. 1, 1973=0.) (v)
2750.30
2754.08
2613.47
Ryan Labs Treasury Index (Index of total return from
active Treasury notes and bonds. Dec. 31, 1996=100.)
271.67
273.26
268.10
18.6605
1.2633
.3771
3.2056
1.6043
1.2462
603.70
6.4518
3009.48
6.13
…… ..
20.914
6.1054
1.0000
17.6845
7.8222
253.07
102.85
63.544
13302
3.3945
111.04
329.36
.3014
8.0571
3.9775
…… ..
19.0347
1.3797
7.9248
.3850
110.725
3.2430
50.429
3.4191
3.6414
56.622
3.7504
1.3227
18.8790
1.2723
.3770
3.2292
1.6244
1.2412
605.20
6.4891
3009.48
6.17
…… ..
21.227
6.1907
1.0000
17.7085
7.8188
256.45
103.65
63.275
13418
3.4327
113.05
332.38
.3014
8.0579
3.9975
…… ..
19.1752
1.3949
8.0505
.3850
110.750
3.2430
49.807
3.4520
3.6399
56.871
3.7504
1.3232
Country
.0809
.0812
12.3634
12.3086
.0009440
.0009413
1059.30
1062.33
.0065
.0065
153.9400
153.5400
.1242
.1226
8.0509
8.1549
1.0336
1.0261
.9675
.9746
.03378
.03392
29.603
29.485
.03130
.03108
31.950
32.180
.2667
.2677
3.7490
3.7355
.0351
.0358
28.4555
27.9676
1.3727
1.3569
.7285
.7370
…… ..
…… ..
…… ..
…… ..
Financial
.03489
.03487
28.660
28.680
.099109
.100009
10.09
10.00
Venezuela (Bolivar)
---1.2200
1.2032
.8197
.8312
Euro
Special Drawing Rights (SDR) are based on exchange rates for the U.S.,
British, and Japanese currencies. Source: International Monetary Fund.
a-Russian Central Bank rate. b-government rate. d-rebased as of Jan. 1,
2005. y-floating rate.
South Africa (Rand)
South Korea (Won)
Sri Lanka (Rupee)
Sweden (Krona)
Switzerland (Franc)
Taiwan (Dollar)
Thailand (Baht)
Turkey (New Lira)-d
Ukraine (Hryvnia)
U.K. (Pound)
Uruguay (Peso)
ARMS INDEX
The Arms index, also known as the short term trading index, is a number
derived by dividing one quotient into another quotient. The numerator in
the index is the number of advancing stocks divided by the number of
declining stocks. As of 3/14/11, the denominator in the index is now the
compositevolumeofadvancingstocksdividedbythecompositevolumeof
declining stocks.
Daily
1/8
1/9
1/10
1/11
1/12
NYSE
NYSE American
Nasdaq
1.17
.43
.80
.81
.46
.91
.56
1.19
.77
.71
.98
1.05
.65
.97
1.13
BARRON'S GOLD MINING INDEX
12-Month
High
Low
1/11
Year
Ago
1/4
Week %
Chg.
567.38 456.65 Gold mining 525.86 528.65 508.87 –0.53
GOLD & SILVER PRICES
FEDERAL RESERVE DATA BANK
Member Bank
Reserve Chgs. (Mil. $)
Prev.
Week
Change
Latest
Week
Year
Ago
Change
One week ended Jan 10:
U.S. Gov't securities:
4,217,529
-4,285
-3,606
4,391
....
-11,789
Float
Other F.R. Assets
Total Fed Credit #
Gold stock
SDR Certif. Accounts
Treas. Curr. Outst.
Total
Currency in circ
Treas. Cash Hldgs
Treas. Fed Deposits
Foreign Fed Deposits
Other Fed Deposits
Other FR liab/cap
Total factors
Reserves F.R. banks
30
....
4
-216
29,755
4,405,234
11,041
5,200
49,396
4,492,248
1,614,585
225
206,215
5,255
73,332
46,952
2,259,351
2,232,897
-67
....
-17
518
1,721
-2,400
....
....
14
-2,431
-3,427
9
-5,351
....
-2,552
-857
-189,398
186,967
Fgn hold U.S. debt
3,351,565
Bought outright
Yr Ago
Week
New Offerings, (mil $) (v)
.0530
.7860
2.6524
.3097
.6156
.8057
.001652
.1541
.0003323
.1620798
…… ..
.04711
.1615
1.0000
.0565
.1279
.003899
.009648
.01580
.0000745
.2913
.008846
.003009
3.3181
.1241
.2502
…… ..
.0522
.7169
.1242
2.5976
.00903
.3084
.02008
.2897
.2747
.01758
.2666
.7557
Federal agency secur:
WEEKLY BOND STATISTICS
Prev.
Week
U.S. $ in U.S. $ in
Foreign
Foreign
Currency Currency
Fri. Last Fri.
U.S. $ in U.S. $ in
Foreign
Foreign
Currency Currency
Fri. Last Fri.
Market Vane
Bought outright
Last
Week
Foreign
Foreign
Currency Currency
in U.S.$
in U.S.$
Fri. Last Fri.
Friday, January 12, 2018
Readings in the CBOE equity put-call ratio of 60:100
and in the S&P 100 of 125:100 are considered bullish,
for instance. Bearish signals flash when the equity
put-call level reaches the vicinity of 30:100 and the
index ratio hits 75:100.
Last
Week
Prev.
Week
Yr Ago
Week
Bond Buyer 20 Bond Index (Index of yields of 20
general obligation municipal bonds.)
3.54
3.44
3.72
Bond Buyer Municipal Bond Index (Index of 40
actively-traded tax-exempt bonds; component issues are
changed regularly to keep the index a current picture of the
market. Source: The Bond Buyer
3.87
3.80
4.16
Stock/Bond Yield Gap-s (Difference between yield on
highest-grade corporate bonds and yield on stocks on the DJIA.)
–1.27
–1.21
–1.00
Yield on DJ Equal Weight US Corp Bond Idx:
Corp Bonds, (y)
3.20
3.18
3.15
v-Week ended Thursday. y-Yield to maturity, week ended Thursday.
z-Source: Thomson Reuters.*Barclays T-Bond Index discontinued
by firm.
Week ended January 1
M1
M2
Two Weeks ended January 3
M1 Multiplier (St. Louis Fed)
Monthly Money Supply
Month ended December
M1
M2
Latest
Total Reserves:
Prev. Yr. Ago YOY % Chg
3,557.6 r3,608.7 3,317.9
13,838.0 r13,843.3 13,267.7
0.956
0.946
Primary Credit
Secondary Credit
Seasonal Credit
Reserve Aggr (Mil. $ sa)
Two Wks Ended Jan 3:
MONEY SUPPLY
Money Supply (Bil. $ seas. adj.)
Reserve bank credit:
7.22
4.30
0.972
-1.65
3,614.6 3,618.4 3,320.7
13,844.5 r13,785.5 13,246.9
8.85
4.51
Nonborrowed Res #
Required Res ##
Excess Reserves:
Borrowed Reserves
Free Reserves ###
Monetary Base
Latest
Wk.
2,191,599
2,191,509
197,931
1,993,668
90
1,993,578
3,738,744
+
+
+
+
+
Prev.
Week
2,374,977
2,374,900
180,935
2,194,042
77
2,193,965
3,914,106
+
+
+
+
+
+
+
+
+
27
....
2
152
-1,134
-8,409
....
....
841
-5,759
109,161
48
-166,277
50
28,812
-208
-170,478
164,719
-4,193 + 169,814
Wk. %
Chg.
-7.72
-7.72
9.39
-9.13
16.88
-9.13
-4.48
Gold, troy ounce
Silver, troy ounce
1/5
Year
Ago
1326.80
17.08
1317.15
17.25
1190.35
16.77
Base for pricing gold and silver contents of shipments and for
making refining settlement.
Price
Premium Premium
Coins
$
%
1387.78
1401.12
1616.89
1310.98
1401.12
1401.12
Krugerrand
Maple Leaf
Mexican Peso
Austria Crown
Austria Phil
U.S. Eagles
53.38
66.72
8.00
3.00
66.72
66.72
4.00
5.00
0.50
0.23
5.00
5.00
Premium is the amount over the value of the gold content in the
coin. Source Manfra, Tordella & Brookes, Inc.
Bullion spot gold price 1334.40
GOLD PERFORMANCE
Gold Shines: The precious metal rose to
$1,327 last week from $1,317 as signs
of inflation appeared in December data.
20
Handy & Harman Gold Price
10
Year
Ago
1,965,470
1,965,421
175,841
1,789,629
49
1,789,580
3,406,691
# Fed supply of permanent reserves provided.
## Demand for reserves to back deposits.
### Free reserves equal excess reserves minus discount window borrowings other than extended credit. Free reserves are shorthand method
of determining the degree of ease of Fed policy, or when they are negative
net borrowed reserves, tightness.
1/12
Handy & Harman
s
For personal Do not edit or alter. Reproductions not permitted.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or
Prev.
Week
s
Latest
Week
0
-10
s
Barron's Gold Mining Index (525.86)
-20
F
M
A
M
J
J
A
S
O
N
D J
January 15, 2018
BARRON’S
M39
Market Laboratory
STOCK SPLITS/DIVIDENDS
Company Name-Ticker Symbol (Exchange)
Record
Date
Amount
Ex-Dividend
Date
Payment
Date
WEEK'S DIVIDEND PAYMENT
WEEK'S EX-DIVIDEND DATES
This list includes payouts on common stocks.
This list includes payouts on common stocks.
NONE
NYSE
Monday
SPECIAL DIVIDENDS
Company Name-Ticker Symbol (Exchange)
Amount
Park Electrochemical-PKE (NYSE).....................................................
3.00
Record
Date
Ex-Dividend
Date
Payment
Date
1-23
1-22
2-13
DIVIDEND PAYMENT REDUCTIONS
Adjusted
Yield Period To
Company Name-Ticker Symbol (Exchange)
Five Oaks Investment-OAKS (NYSE)................... 12.0
Orchid Island Capital-ORC (NYSE) ..................... 16.8
M
M
.0333
.11
From
%
Decrease
Record
Date
Ex-Div
Date
Payment
Date
.05
.14
-33.4 %
-21.4 %
1-16
1-31
1-12
1-30
1-30
2-09
%
Increase
Record
Date
Ex-Div
Date
Payment
Date
9.0 %
12.5
2.4
82.5
14.8
18.2
18.2
2.0
0.3
76.0
14.1
3.3
10.4
7.3
16.7
3.5
2.1
1-12
1-30
1-22
1-19
1-23
1-19
1-19
1-31
1-22
1-15
1-16
1-12
1-14
1-31
1-19
1-31
1-31
1-11
1-29
1-19
1-18
1-22
1-18
1-18
1-30
1-19
1-11
1-12
1-11
1-11
1-30
1-18
1-30
1-30
1-16
2-14
1-31
1-22
2-13
DIVIDEND PAYMENT BOOSTS
Adjusted
Yield Period To
Company Name-Ticker Symbol (Exchange)
4.65% Fltg. Rate STRATS-GJO (NYSE) ................. 2.4
Apogee Enterprises-APOG (Nasdaq)..................... 1.3
Ares Dynamic Credit Alloc-ARDC (NYSE) ............ 7.8
BP Prudhoe Bay Royalty Tr-BPT (NYSE).............. 18.8
Codorus Valley Bancorp-CVLY (Nasdaq) ............. 2.2
Embotell Andina A ADR-AKO.A (NYSE) ................ 3.1
Embotell Andina B ADR-AKO.B (NYSE) ................ 3.1
Genesis Energy-GEL (NYSE).................................. 8.0
Gladstone Land-LAND (Nasdaq) ............................ 4.0
MV Oil Trust-MVO (NYSE)........................................ 9.7
Sabine Royalty Tr UBI-SBR (NYSE)....................... 5.6
STRATS Dom Res Ser 05-06-GJP (NYSE) ............ 3.4
STRATS Sers 2006-1 P&G-GJR (NYSE)................ 2.4
STRATS Tr Allstate 2006-3-GJT (NYSE) ............... 2.8
SYNNEX-SNX (NYSE)............................................... 1.0
Tallgrass Energy GP Cl A-TEGP (NYSE) ............... 5.7
Tallgrass Energy Partners-TEP (NYSE) ............... 8.3
M
Q
M
Q
Q
Q
Q
Q
M
Q
M
M
M
M
Q
Q
Q
From
.04351 .039914
.1575
.14
.1075
.105
1.230152 .674115
.155
.135
.212209 .179509
.23343 .19746
.51
.50
.04425 .0441
.22
.125
.22702 .19892
.063699 .061644
.044865 .040652
.047083 .043896
.35
.30
.3675
.355
.965
.945
2-14
1-31
1-25
1-30
1-16
1-15
2-01
1-31
2-14
2-14
CORPORATE BONDS
For the week ending Friday, January 12, 2018
Twenty-four most active fixed-coupon corporate bonds
For personal Do not edit or alter. Reproductions not permitted.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or
COMPANY (TICKER)
MATURITY
LAST
PRICE
LAST
**EST
YIELD SPREAD UST†
EST $ VOL
(000's)
Oct 01, 2026 83.972 5.490
294 10
614,881
Teva Pharmaceutical Finance Netherlands Iii (TEVA) 3.150
3.875
Jan 12, 2028 99.524 3.933
139 10
543,289
Intesa Sanpaolo Spa (ISPIM)
Jul 21, 2023 88.331 5.267
292
5
449,546
Teva Pharmaceutical Finance Netherlands Iii (TEVA) 2.800
4.344
Jan
09,
2048
100.535
4.312
146
30
408,543
Lloyds Banking Group (LLOYDS)
4.125
Jan 12, 2028 100.354 4.081
152 10
395,522
Athene Holding Ltd (ATH)
4.000
Jan 10, 2033 99.761 4.029
147 10
393,895
Credit Agricole Sa (ACAFP)
5.150
Feb 14, 2050 101.138 5.077
221 30
377,365
AT&T (T)
3.375
Jan 12, 2023 100.091 3.355
100
5
331,106
Intesa Sanpaolo Spa (ISPIM)
3.400
Feb 01, 2028 99.576 3.450
90 10
305,025
Sempra Energy (SRE)
Jul 21, 2021 93.375 4.251
215
3
297,028
Teva Pharmaceutical Finance Netherlands Iii (TEVA) 2.200
4.316
Jan 10, 2048 100.705 4.274
142 30
290,894
Commonwealth Bank Of Australia (CBAAU)
5.400
Oct 01, 2047 102.428 5.236
238 30
286,788
Sunoco Logistics Partners Operations Lp (ETP)
4.000
Feb 01, 2048 100.412 3.976
110 30
285,263
Sempra Energy (SRE)
4.375
Jan 12, 2048 101.307 4.297
144 30
284,348
Intesa Sanpaolo Spa (ISPIM)
3.800
Feb 01, 2038 99.802 3.814
94 30
283,816
Sempra Energy (SRE)
4.375
Jun 01, 2046 98.825 4.448
156 30
278,492
Kraft Heinz Foods Co (KHC)
4.418
Nov 15, 2035 107.072 3.865
100 30
271,750
Ge Capital International Funding Unlimited Co (GE)
4.540
Aug 15, 2047 103.958 4.300
143 30
257,227
Bat Capital (BATSLN)
4.100
Feb
15,
2028
99.903
4.112
156
10
256,051
AT&T (T)
3.800
Feb 15, 2028 99.409 3.871
131 10
248,701
Crown Castle International (CCI)
2.700
Jan 11, 2023 99.837 2.735
39
5
237,502
Toyota Motor Credit (TOYOTA)
3.950
Feb 01, 2028 100.081 3.940
137 10
222,727
Patterson-Uti Energy (PTEN)
3.050
Jan 11, 2028 99.474 3.112
55 10
213,672
Toyota Motor Credit (TOYOTA)
4.125
Mar 16, 2027 103.462 3.676
111 10
209,758
Verizon Communications (VZ)
Volume represents total volume for each issue; price/yield data are for trades of $1 million and greater.* Denotes a security whose last round
lot trade did not take place on the last business day prior to publication. ** Estimated spreads, in basis points (100 basis points is one
percentage point), over the 2, 5, 10 or 30-year hot run Treasury note/bond. 2-year: 1.875 12/19; 5-year: 2.125 12/22; 10-year: 2.250
11/27; 30-year: 2.750 08/47.†Comparable U.S. Treasury issue.
Source: MarketAxess Corporate BondTicker - www.bondticker.com
US TREASURY BILLS
Maturity
Jan
Jan
Feb
Feb
Feb
Feb
Mar
Mar
Mar
Mar
Mar
18 '18
25 '18
01 '18
08 '18
15 '18
22 '18
01 '18
08 '18
15 '18
22 '18
29 '18
Bid
1.29
1.28
1.30
1.29
1.29
1.27
1.35
1.35
1.34
1.38
1.40
1.28
1.27
1.29
1.28
1.28
1.26
1.34
1.34
1.33
1.37
1.39
0.05
0.05
0.06
0.04
0.04
0.03
0.10
0.05
0.03
0.05
0.04
Ask
Yld.
1.29
1.29
1.30
1.30
1.29
1.28
1.36
1.36
1.35
1.40
1.41
Maturity
Apr
Apr
Apr
Apr
May
May
May
May
May
Jun
Jun
05 '18
12 '18
19 '18
26 '18
03 '18
10 '18
17 '18
24 '18
31 '18
07 '18
14 '18
Tuesday
Raymond James
State Street
Vina Concha y Toro
Wednesday
Saturday
(January 17)
(January 16)
Choice Hotels Intl
Autohome ADR
.76 Heico Cl A
AXIS Capital Holdings .39 Heico Corp
Crescent Point Energy .023 Kansas City Southern
Culp
.09 Owens Corning
Bid
1.40
1.43
1.43
1.40
1.41
1.43
1.47
1.47
1.48
1.48
1.48
Wkly
Asked Chg.
1.39
1.42
1.42
1.39
1.40
1.42
1.46
1.46
1.47
1.47
1.47
0.03
0.03
0.05
0.02
0.02
0.02
0.05
0.03
0.03
0.02
0.03
.25
.42
.115
Thursday
(January 18)
China Distance Educ
.45
Dynagas LNG Partners .422
FMC
.165
Friday
(January 19)
Chubb
ESCO Technologies
Flowserve Corp
Medtronic
Nam Tai Property
Superior Industries
Total ADR
.71
.08
.19
.46
.07
.09
.734
(January 20)
.215
NONE
.088
.088
.36 (January 21)
.21 NONE
Monday
(January 15)
BancFirst
.21
Canterbury Park Holding .06
CBTX
.05
CME Group Cl A
3.50
DMC Global
.02
First Financial Indiana .51
Herman Miller
.18
Inter Parfums
.21
National General Hldgs .04
Primoris Services
.06
RF Industries
.02
Student Transportation .037
Umpqua Holdings
.18 (January 17)
Gentex
.10
Great Southern Bancorp .24
(January 16)
Hingham Institution Savs.34
Alico
.06
Hingham Institution Savs.34
AmTrust Financial
.17
Limoneira
.062
Bed Bath & Beyond
.15
Cincinnati Financial
.50
CSP
.11 (January 18)
Fifth Third Bancorp
.16 Banner
.25
Wednesday
Tuesday
(January 15)
NONE
(January 17)
Nevsun Resources
Tuesday
Thursday
(January 16)
RELM Wireless
(January 18)
.02 NONE
1.41
1.44
1.44
1.41
1.42
1.45
1.48
1.49
1.50
1.50
1.50
Maturity
Jun
Jun
Jul
Jul
Jul
Aug
Sep
Oct
Nov
Dec
Jan
21 '18
28 '18
05 '18
12 '18
19 '18
16 '18
13 '18
11 '18
08 '18
06 '18
03 '19
Bid
1.50
1.53
1.54
1.57
1.57
1.58
1.62
1.60
1.64
1.71
1.74
Wkly
Asked Chg.
1.49
1.52
1.53
1.56
1.56
1.57
1.61
1.59
1.63
1.70
1.73
0.02
0.02
-0.02
....
0.01
....
-0.03
-0.05
....
-0.01
-0.01
Ask
Yld.
1.52
1.55
1.56
1.60
1.59
1.60
1.64
1.63
1.68
1.75
1.78
(January 17)
Adient
Compass Diversified
PNM Resources
West Pharmaceutical
.275
.36
.265
.14 (January 19)
AAR Corp
Acuity Brands
(January 18)
Embotell Andina A ADR .212 Apache Corp
Tuesday
.09
.36
(January 21)
NONE
.03
.10
3.00
Gladstone Land
.044
Saturday
.19 (January 20)
.18
.54 (January 21)
NONE
Sunday
NONE
Monday
(January 22)
.23 Codorus Valley Bancorp.155
NYSE American
Saturday
Thursday
(January 16)
NONE
(January 18)
NONE
(January 20)
Wednesday
Friday
(January 21)
(January 17)
NONE
(January 19)
NONE
NONE
Sunday
NONE
Monday
(January 22)
NONE
TRADING SUSPENDED
Syngenta (SYT)
NYSE American
Sunday
NONE
None
Nasdaq
Enzymotec (ENZY)
Qiagen (QGEN)
NONE
Saturday
CBOE MARKET REPORT
NONE
Sunday
(January 21)
Sunday
NYSE
(January 20)
Sun Hydraulics
Xcel Energy
(January 20)
(January 20)
NONE
(January 22)
.075 Cooper Cos
.13 Costamare
.25 Park Electrochemical
(January 18)
.10 Bank of The Ozarks
.26 US Ecology
WD-40
Friday
(January 21)
NONE
.78
.132
.125
Saturday
NASDAQ
Thursday
(January 19)
Bridge Bancorp
Saturday
Caterpillar
Graco Inc
Seaspan
Monday
Friday
(January 19)
Amdocs
.22
Balchem
.42
Encore Wire
.02
Horizon Bancorp
.13
Preformed Line Products.20
Republic Bancorp
.22
Royal Gold
.25
.233
.05
.061
.31
.84
.348
.27
.07
.69
.35
.126
Friday
Thursday
(January 17)
NONE
NONE
Advances-Declines
NEW LISTINGS
Last
Week
CALLS
Week
Ago
204,464
PUTS
Last
Week
Week
Ago
NYSE
Advances
210,510
53,129
42,518
Liberty Oilfield Services (LBRT)
Qiagen (QGEN)
Declines
92,475
79,214 224,310
233,897
122,107
134,927 147,647
142,184
NYSE American
Market Volatility Index (VIX)
Unchanged
None
Last
Week
Prev.
Week
Month
Ago
Year
Ago
10.16
9.22
9.42
11.23
Nasdaq
Industrial Logistics Properties Trust (ILPT)
Nebula Acquisition (NEBUU)
Novume Solutions (NVMM)
Platinum Eagle Acquisition (EAGLU)
VIX Index
The CBOE Volatility Index (VIX) is derived from the prices of all
quoted at-the-money and out-of-the-money, S&P 500 Index
(SPX) putsand callsin the two front months.
Put-Call Ratio
Last Week
Puts
Calls
NAME CHANGES
Previous
Week
S&P 100
7,462
71/100
70/100
None
CBOE Equity 3,218,865 5,695,442
57/100
52/100
NYSE American
Investors rely on the equity put-call ratio, which tends to track
individual trades, and the index put-call ratio, which reflects
professionalandinstitutionalstrategies,ascontrarysentiment
indicators.Thehighertheputtrading,themorebullishtheindication and vice-versa. Readings in the CBOE equity put-call
ratio of 60:100 and in the S&P 100 of 125:100 are considered
bullish, for instance. Bearish signals flash when the equity putcall level reaches the vicinity of 30:100 and the index ratio hits
75:100.
Nasdaq
Avid Bioservices (CDMO), formerly Peregrine
Pharmaceuticals (PPHM)
CCUR Holdings (CCUR), formerly Concurrent Computer
Sharing Economy International (SEII), formerly Cleantech
Solutions International (CLNT)
Syneos Health (SYNH), formerly INC Research Holdings
(INCR)
TTEC Holdings (TTEC), formerly Teletech Holdings
XpresSpa Group (XSPA), formerly FORM Holdings (FH)
5,294
Last
Week
NYSE
None
Ask
Yld.
Wednesday
Wednesday
(January 19)
.01
.085
.168
.07
.75
.355
.32
Embotell Andina B ADR
Enel Americas ADR
Enel Chile ADR
Foot Locker
Genl Dynamics
Micro Focus Intl ADR
Oxford Industries
PerkinElmer
Procter & Gamble
SYNNEX
Zoetis Inc.
Capella Education
.43
Cypress Semiconductor .11
Ingles Markets Cl A
.165
Intuit
.39
NYSE American
Friday
Wednesday
Monday
(January 16)
Cantel Medical
EOG Resources
Pier 1 Imports
PNC Fincl Svcs
Quaker Chemical
RPM Intl
(January 16)
Comtech TeleComm
McGrath RentCorp
NASDAQ
First Internet Bancorp .06
Fulton Financial
.11
Hurco Cos
.10
Maiden Holdings
.15
Marvell Tech Group
.06
MercadoLibre
.15
Pegasystems
.03
Utd Security Bancshares .07
Werner Enterprises
.07
Western Digital
.50
Willis Towers Watson .53
York Water
.167
Tuesday
Tuesday
Sunday
Thursday
COUPON
Wkly
Asked Chg.
(January 15)
BCE Inc
.561
Boyd Gaming
.05
Cameco Corp
.079
Cardinal Health
.462
Colony NorthStar
.27
CoreCivic
.42
Domtar
.415
DTE Energy
.882
KBR Inc
.08
Kirkland Lake Gold
.016
Legg Mason
.28
Osisko Gold Royalties .039
Pembina Pipeline
.142
Sempra Energy
.822
Steelcase
.128
Thermo Fisher Scientific .15
NYSE
DXC Technology
.18
Ecolab Inc
.41
Encompass Health
.25
Farmland Partners
.128
Independence Holding .10
Invacare Corp
.012
Lennox International
.51
McCormick & Co
.52
McCormick Vtg
.52
Occidental Petroleum .77
OFG Bancorp
.06
Park Hotels & Resorts .55
Portland General Electric .34
Republic Services
.345
Titan International
.005
US Bancorp
.30
Valmont Industries
.375
Vermilion Energy
.167
Rampart Time Premium Index
The Composite Call Index (of time premiums on near-themoney six-months calls on 2368 optionable stocks) was 11.43
atThursday'sclose,versus11.64aweekearlier.TheComposite
Put Index (of time premiums on near-the-money six-month
puts on 2376 optionable stocks) was 9.95 at Thursday's Close,
versus9.96 a week earlier.
X
W
L
C
10
11
12
H
G
B
P
BARRON’S
©2018 Dow Jones & Co. Inc. All rights reserved. 4DJ5874
M40
For personal Do not edit or alter. Reproductions not permitted.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or
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