Pulse

Market Recap
Week of Mar. 23 through Mar. 27, 2020

Buoyed by the promise of a massive stimulus package to offset the economic repercussions of COVID-19, the Standard & Poor's 500 index rallied more than 10%, making last week one of the best on Wall Street in nearly 90 years.

The benchmark average closed at 2,541.47, up from 2,304.92 last Friday, the first weekly gain since the COVID-19 pandemic undermined investor confidence at the end of February.

The week kicked off with another three-year low in the S&P on Monday as Washington's inability to agree on a rescue package weighed on Wall Street and overshadowed the Fed's massive liquidity injection. The energy sector continued to lose ground amid oversupply pressures, keeping Brent futures near its four-year low, but the sector still rose 9.6% for the week.

As the details of a rescue package emerged, stocks moved higher with every sector of the S&P closing in the green.

With the energy sector against the ropes, Wall Street analysts are anticipating a wave of mergers and acquisitions to sweep through the utilities sector, which was up 16.4% on the week. CenterPoint (CNP) and PPL (PPL) were among the companies seen as the most likely candidates for a takeover. CNP outperformed other names in the sector with a 31% gain from last week.

Boeing (BA) shares more than doubled in price this week and was instrumental in a 15% gain for the industrial sector. The aircraft manufacturer -- plagued by setbacks to its flagship aircraft -- was catapulted higher by Goldman's upgrade to buy, as well as CEO David Calhoun's assurances that the company does not need government aid. Calhoun told investors that the company is "in pretty decent shape" and would not need the government to take an equity stake.

The airlines had a good week as well, emerging as the main beneficiary of government aid. Shares of United Airlines were up 34%, while Delta shares gained 38%.

Among real estate stocks, Ventas (VTR), which operates senior housing facilities, came out ahead with a 41% gain from last week despite a recent downgrade from Fitch to negative. The stock has fallen by 77% in the past month but was ripe for bottom-fishing after Raymond James issued an upgrade to strong buy from market perform on Wednesday.

While all sectors participated in this week's impressive rebound, some sectors underperformed. The consumer staples sector gained a comparatively anemic 6.5% as outsized-sized gains in Coty (COTY), up 41%, and Sysco (SYY), gaining 43%, were offset by an 8% loss in shares of Kroger (KR) along with heavy profit-taking pressure on Clorox (CLX), down 2.4%, as investors looked for speculative plays elsewhere.

The communication services sector advanced by just 5.5% thanks to a 39% gain this week in Live Nation (LYV) and an 18% gain for Charter Communications (CHTR).

Despite the widespread cancellation of sporting and entertainment events across the globe, Live Nation was upgraded at Citigroup to neutral from sell as the firm advised investors that not only are the adverse impacts from event cancellations already priced into the stock price, but the potential for a quick recovery in the event sector was likely behind recent insider buying.

Gains in the sector were mitigated by selling pressure on CenturyLink (CTL) and News Corp (NWSA).

CenturyLink was given a sell rating by Citigroup this week as "revenue erosion and future fiber investment needs" may weigh on the stock in the event of a sustained downturn.

Major US Indicators Events Calendar
Mar. 30 through Apr. 5, 2020
Indicator Name
Latest Value
Next Release
Next Release Time (ET)
Frequency
1 Release Ago
2 Release Ago
3 Release Ago
US ISM Manufacturing PMI
50.10
04/01/2020
10:00 AM
Monthly
-1.57%
6.49%
-0.62%
US Initial Jobless Claims
3.283M
04/02/2020
8:30 AM
Weekly
1.06K%
33.65%
-2.76%
US Trade Deficit
45.34B
04/02/2020
8:30 AM
Monthly
-6.74%
11.01%
-7.70%
30 Year Mortgage Rate
3.50%
04/02/2020
10:00 AM
Weekly
-4.11%
8.63%
2.13%
US Manufacturing Shipments
501.82B
04/02/2020
10:00 AM
Monthly
-0.46%
0.47%
0.27%
US Manufacturing New Orders
497.91B
04/02/2020
10:00 AM
Monthly
-0.46%
1.93%
-1.20%
US Total Nonfarm Payrolls
152.54M
04/03/2020
8:30 AM
Monthly
0.18%
0.18%
0.12%
US Nonfarm Payrolls MoM
273.00K
04/03/2020
8:30 AM
Monthly
0.00%
48.37%
-29.50%
View All Indicator Releases
Headline US Indicators Review
Indicator Name
Date
Latest Value 1M Ago
3M Ago
1Y Ago
1M Change
3M Change
1Y Change
Target Federal Funds Rate Lower Limit
03/15/20
0.00% 1.50%
1.50%
2.25%
-100.0%
-100.0%
-100.0%
US Consumer Price Index
02/29/20
259.05 258.82
257.82
253.18
0.09%
0.48%
2.32%
US GDP
12/31/19
21.73T 21.73T
21.54T
20.90T
0.00%
0.87%
3.98%
US Housing Starts
02/29/20
1.599M 1.624M
1.381M
1.149M
-1.54%
15.79%
39.16%
US Manufacturing New Orders
01/31/20
497.91B 500.20B
496.64B
501.72B
-0.46%
0.25%
-0.76%
US Personal Consumption Expenditures
02/29/20
14.91T 14.88T
14.79T
14.22T
0.19%
0.79%
4.87%
US Retail Sales
02/29/20
462.30B 464.82B
462.51B
443.54B
-0.54%
-0.05%
4.23%
US Total Nonfarm Payrolls
02/29/20
152.54M 152.27M
151.81M
150.14M
0.18%
0.48%
1.60%
View All Indicators
US Equity Major Funds Review
Benchmark:
S&P 500 Total Return
Week %
10.28%
YTD %
-20.96%
1Y %
-7.59%
Passive Week % YTD % 1Y%
Invesco QQQ Trust
8.78% -12.66% 5.05%
SPDR® S&P 500 ETF Trust
10.76% -20.78% -7.50%
Vanguard Dividend Appreciation ETF
9.60% -18.03% -4.37%
Vanguard Institutional Index I
10.30% -20.96% -7.61%
Vanguard Mid-Cap ETF
13.19% -26.02% -15.91%
Vanguard Small-Cap ETF
12.86% -30.66% -22.95%
Vanguard Total Stock Market ETF
10.71% -22.06% -9.67%
iShares Russell 1000 Value ETF
11.10% -27.43% -17.43%
iShares Russell 2000 ETF
11.43% -31.80% -24.50%
Active Week % YTD % 1Y%
American Funds Growth Fund of Amer A
9.36% -16.80% -5.26%
American Funds Washington Mutual A
11.12% -22.74% -11.24%
Dodge & Cox Stock
11.05% -29.84% -20.07%
MFS Value I
10.37% -24.66% -12.16%
T. Rowe Price Mid-Cap Growth
11.41% -24.01% -12.78%
Vanguard Dividend Growth Inv
11.45% -18.24% -4.63%
Vanguard Windsor™ II Admiral™
10.87% -25.77% -13.75%
View All Funds
International Equity Major Funds Review
Benchmark:
MSCI ACWI Ex USA Total Return
Week %
9.32%
YTD %
-24.16%
1Y %
-15.77%
Passive Week % YTD % 1Y%
Vanguard FTSE Developed Markets ETF
12.07% -25.19% -16.85%
Vanguard FTSE Europe ETF
14.20% -26.84% -17.66%
Vanguard Total International Stock ETF
10.39% -25.43% -17.16%
iShares MSCI EAFE ETF
12.35% -23.88% -15.67%
iShares MSCI Emerging Markets ETF
6.35% -25.67% -18.68%
iShares MSCI Eurozone ETF
14.42% -27.70% -18.94%
iShares MSCI Japan ETF
11.24% -15.29% -6.37%
Active Week % YTD % 1Y%
American Funds Capital World Gr&Inc A
10.01% -21.80% -11.72%
American Funds Europacific Growth R6
9.54% -23.13% -12.48%
American Funds New Perspective A
10.44% -19.64% -7.30%
Franklin Mutual Global Discovery A
9.89% -30.78% -21.89%
Harbor International Institutional
11.65% -25.37% -16.72%
Invesco Oppenheimer Developing Markets Y
6.00% -23.25% -13.62%
MFS International Intrinsic Value I
8.77% -14.34% -3.41%
Oakmark International Investor
13.66% -37.31% -28.24%
View All Funds
US Fixed Income Major Funds Review
Benchmark:
Bloomberg Barclays US Aggregate
Week %
2.66%
YTD %
2.67%
1Y %
8.26%
Passive Week % YTD % 1Y%
SPDR® Blmbg Barclays High Yield Bd ETF
9.57% -13.07% -7.19%
Vanguard Interm-Term Bond ETF
4.75% 2.10% 8.38%
Vanguard Interm-Term Corp Bd ETF
8.91% -5.55% 2.21%
Vanguard Short-Term Bond ETF
1.96% 1.84% 5.06%
Vanguard Total Bond Market ETF
4.73% 3.05% 8.88%
iShares Core US Aggregate Bond ETF
5.04% 3.28% 8.82%
iShares TIPS Bond ETF
3.79% 3.27% 8.64%
iShares iBoxx $ High Yield Corp Bd ETF
10.44% -11.65% -5.89%
iShares iBoxx $ Invmt Grade Corp Bd ETF
14.70% -3.82% 6.37%
Active Week % YTD % 1Y%
Dodge & Cox Income
3.92% -1.71% 4.02%
Metropolitan West Total Return Bd I
3.80% 1.73% 7.38%
PIMCO Income Instl
3.77% -8.36% -3.83%
PIMCO Total Return Instl
3.38% 2.05% 7.32%
T. Rowe Price New Income
2.25% -3.70% 1.81%
Vanguard Interm-Term Tx-Ex Adm
8.01% -0.10% 4.03%
Vanguard Short-Term Investment-Grade Adm
1.31% -2.19% 1.25%
View All Funds
Indices > S&P 500 Events Calendar
Mar. 30 through Apr. 5, 2020
Earnings Next Earnings Report
Estimate
CAG
Conagra Brands Inc
03/31/20
0.4931
MKC
McCormick & Co Inc
03/31/20
1.033
LW
Lamb Weston Holdings Inc
04/01/20
0.9229
PVH
PVH Corp
04/01/20
1.808
WBA
Walgreens Boots Alliance Inc
04/02/20
1.461
KMX
CarMax Inc
04/02/20
1.125
STZ
Constellation Brands Inc
04/03/20
1.640
Dividends Ex-Date Amount Price
MDLZ
Mondelez International Inc
03/30/20 0.285 47.89
SYK
Stryker Corp
03/30/20 0.575 159.22
USB
U.S. Bancorp
03/30/20 0.42 35.77
CMCSA
Comcast Corp
03/31/20 0.23 34.57
CSCO
Cisco Systems Inc
04/02/20 0.36 38.82
BMY
Bristol-Myers Squibb Co
04/02/20 0.45 52.79
AXP
American Express Co
04/02/20 0.43 88.73
JPM
JPMorgan Chase & Co
04/03/20 0.90 91.13
View All Stock Events
Technology Majors Review
Benchmark:
Technology Select Sector SPDR® ETF
Week %
10.62%
YTD %
-13.82%
1Y %
9.34%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
GOOG
Alphabet Inc
3.58% -16.93% -5.31% 16.96%
763.38B
AAPL
Apple Inc
8.07% -15.43% 33.18% 12.15%
1.084T
CSCO
Cisco Systems Inc
9.04% -18.47% -24.94% 5.06%
164.63B
FB
Facebook Inc
4.72% -23.61% -5.47% 9.55%
446.92B
IBM
International Business Machines Corp
13.25% -18.55% -18.80% 7.37%
95.97B
MSFT
Microsoft Corp
8.99% -4.81% 29.90% 8.22%
1.139T
ORCL
Oracle Corp
9.16% -5.53% -3.99% 13.91%
157.14B
QCOM
Qualcomm Inc
9.33% -23.95% 20.82% 7.51%
76.12B
View All Stocks
Financial Services Majors Review
Benchmark:
Financial Select Sector SPDR® ETF
Week %
12.11%
YTD %
-31.13%
1Y %
-15.32%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
BAC
Bank of America Corp
9.81% -38.26% -18.16% 18.50%
188.46B
BRK.B
Berkshire Hathaway Inc
5.65% -20.68% -9.81% 19.55%
436.76B
C
Citigroup Inc
15.08% -44.80% -25.86% 14.68%
91.90B
GS
Goldman Sachs Group Inc
14.40% -30.71% -14.78% 13.94%
54.45B
JPM
JPMorgan Chase & Co
9.14% -34.20% -5.78% 17.86%
280.13B
MA
Mastercard Inc
17.14% -16.95% 7.06% 16.36%
248.92B
V
Visa Inc
10.03% -13.89% 5.39% 15.64%
358.00B
WFC
Wells Fargo & Co
14.26% -43.12% -35.35% 13.67%
123.83B
View All Stocks
Industrials Majors Review
Benchmark:
Industrial Select Sector SPDR® ETF
Week %
15.50%
YTD %
-27.13%
1Y %
-18.25%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
MMM
3M Co
6.69% -23.78% -33.35% 13.21%
76.65B
BA
Boeing Co
70.51% -49.97% -55.68% 53.50%
91.40B
CAT
Caterpillar Inc
10.41% -28.10% -17.33% 10.32%
58.00B
DHR
Danaher Corp
12.07% -9.59% 7.47% 18.96%
96.58B
GE
General Electric Co
16.87% -31.65% -23.19% 11.76%
66.29B
HON
Honeywell International Inc
16.68% -25.42% -14.71% 12.06%
92.85B
LMT
Lockheed Martin Corp
19.63% -9.95% 21.49% 17.73%
98.20B
UPS
United Parcel Service Inc
4.34% -15.84% -7.25% 5.59%
83.72B
View All Stocks
Real Estate Majors Review
Benchmark:
Real Estate Select Sector SPDR®
Week %
15.82%
YTD %
-18.65%
1Y %
-10.19%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
BXP
Boston Properties Inc
14.41% -31.95% -27.01% 20.02%
14.55B
BAM
Brookfield Asset Management Inc
9.37% -26.65% -7.24% 32.84%
44.35B
BPYU
Brookfield Property REIT Inc
3.54% -49.90% -52.94% 5.00%
544.35M
CBRE
CBRE Group Inc
14.42% -36.04% -19.34% 14.27%
13.12B
EQIX
Equinix Inc
17.32% 2.24% 35.05% 9.61%
50.78B
PLD
Prologis Inc
26.03% -10.52% 13.54% 6.88%
58.51B
SPG
Simon Property Group Inc
20.84% -60.36% -66.09% 17.08%
17.85B
VTR
Ventas Inc
40.56% -47.37% -50.38% 18.75%
11.33B
View All Stocks
Energy Majors Review
Benchmark:
Energy Select Sector SPDR® ETF
Week %
12.18%
YTD %
-51.68%
1Y %
-53.43%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
BP
BP PLC
28.52% -39.75% -45.35% 26.11%
75.47B
CVX
Chevron Corp
15.81% -42.26% -41.61% 20.52%
129.26B
COP
ConocoPhillips
8.98% -54.70% -55.85% 11.39%
31.62B
XOM
Exxon Mobil Corp
12.86% -46.28% -51.63% 15.87%
156.38B
HAL
Halliburton Co
26.53% -73.59% -76.78% 17.84%
5.623B
PBR
Petroleo Brasileiro SA Petrobras
7.01% -67.44% -65.93% 5.08%
33.85B
PSX
Phillips 66
8.21% -52.57% -44.17% 10.20%
22.91B
SU
Suncor Energy Inc
5.77% -63.76% -62.20% 29.83%
17.91B
View All Stocks
Healthcare Majors Review
Benchmark:
Health Care Select Sector SPDR® ETF
Week %
8.01%
YTD %
-16.13%
1Y %
-3.72%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
ABBV
AbbVie Inc
5.59% -16.83% -3.80% 4.96%
107.31B
AMGN
Amgen Inc
5.32% -17.16% 9.60% 12.41%
116.94B
JNJ
Johnson & Johnson
2.73% -15.02% -8.72% 15.09%
324.69B
MRK
Merck & Co Inc
0.52% -20.51% -10.36% 3.16%
181.93B
NVS
Novartis AG
9.47% -13.18% -1.55% 5.69%
179.57B
PFE
Pfizer Inc
6.52% -20.32% -23.61% 9.85%
171.42B
UNH
UnitedHealth Group Inc
17.36% -17.20% 2.01% 10.39%
229.98B
View All Stocks
Consumer Defensive Majors Review
Benchmark:
Consumer Staples Select Sector SPDR® ETF
Week %
6.80%
YTD %
-14.53%
1Y %
-0.84%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
KO
Coca-Cola Co
11.78% -22.00% -5.26% 24.24%
183.80B
MDLZ
Mondelez International Inc
10.55% -13.05% -1.52% 9.12%
68.62B
PEP
PepsiCo Inc
15.90% -11.25% 1.64% 15.20%
167.35B
PM
Philip Morris International Inc
13.19% -17.18% -15.34% 10.56%
107.67B
PG
Procter & Gamble Co
7.56% -11.27% 9.86% 13.52%
272.06B
TGT
Target Corp
-2.73% -25.69% 22.08% 11.88%
47.46B
KHC
The Kraft Heinz Co
8.80% -23.05% -20.92% -2.05%
29.61B
WMT
Walmart Inc
-3.85% -7.38% 14.90% 15.16%
310.36B
View All Stocks
Consumer Cyclical Majors Review
Benchmark:
Consumer Discret Sel Sect SPDR® ETF
Week %
12.20%
YTD %
-21.44%
1Y %
-11.60%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
BABA
Alibaba Group Holding Ltd
4.02% -11.08% 6.53% -0.53%
505.93B
AMZN
Amazon.com Inc
2.93% 2.83% 7.61% 5.53%
945.89B
MCD
McDonald's Corp
10.45% -16.47% -10.41% 18.70%
122.26B
NKE
Nike Inc
23.40% -17.62% 1.26% 20.06%
129.62B
SBUX
Starbucks Corp
14.32% -24.19% -7.15% 18.67%
77.86B
HD
The Home Depot Inc
25.24% -12.13% 3.37% 18.94%
204.79B
DIS
The Walt Disney Co
12.12% -33.35% -11.52% 15.84%
174.04B
TJX
TJX Companies Inc
25.23% -23.08% -10.34% 20.34%
56.31B
View All Stocks
Utilities Majors Review
Benchmark:
Utilities Select Sector SPDR® ETF
Week %
17.66%
YTD %
-12.93%
1Y %
-1.63%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
D
Dominion Energy Inc
8.70% -10.75% -0.38% 8.82%
61.23B
DTE
DTE Energy Co
17.51% -24.11% -19.47% 7.53%
18.78B
DUK
Duke Energy Corp
17.24% -11.25% -7.64% 8.52%
58.86B
ETR
Entergy Corp
21.69% -18.17% 4.86% 7.42%
19.44B
NGG
National Grid PLC
15.75% -8.30% 4.04% 14.58%
40.32B
NEE
NextEra Energy Inc
20.96% -3.69% 22.36% 11.69%
113.42B
SO
Southern Co
20.82% -11.28% 11.73% 12.02%
59.05B
WEC
WEC Energy Group Inc
20.22% -2.82% 15.22% 10.75%
28.10B
View All Stocks
Basic Materials Majors Review
Benchmark:
Materials Select Sector SPDR® ETF
Week %
9.57%
YTD %
-27.43%
1Y %
-16.84%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
AA
Alcoa Corp
19.53% -69.55% -76.53% 16.68%
1.218B
MT
ArcelorMittal SA
16.93% -48.40% -54.82% 7.34%
9.159B
DD
DuPont de Nemours Inc
7.50% -46.95% -53.91% 5.72%
25.01B
ECL
Ecolab Inc
11.00% -18.17% -9.22% 14.85%
45.54B
NTR
Nutrien Ltd
11.60% -35.36% -38.04% 10.77%
17.63B
RIO
Rio Tinto PLC
19.14% -22.93% -17.33% 11.79%
54.32B
SHW
Sherwin-Williams Co
11.38% -21.02% 8.73% 9.99%
42.20B
VALE
Vale SA
12.32% -40.61% -36.50% 0.09%
40.21B
View All Stocks