Pulse

Market Recap
Week of Nov. 16 through Nov. 20, 2020

The S&P 500 index edged down 0.8% last week as investors worried about the potential effects of increased restrictions as governments seek to contain the COVID-19 pandemic, but encouraging vaccine data also brought hope.

The market benchmark ended the week at 3,557.54, down from last week's closing level of 3,585.15, which had been a record close at the time. The S&P 500 closed higher earlier this week, recording a fresh closing high of 3,626.91 Monday, but wasn't able to top that in the days since then.

This week's slight decline stands in stark contrast to the strong gains posted in the first half of the month. The earlier November gains were so strong, the S&P 500 is still up 8.8% for the month to date.

The market shifted to a more cautious tone this week as escalating COVID-19 counts have prompted many governors to resume restrictions in an effort to contain the spread of the virus. Investors are fretting over how well the US economic recovery can withstand the effects of the restrictions.

Adding to concerns, the Centers for Disease Control & Prevention issued a sharp warning against Thanksgiving travel. As travelers called off holiday trips, airlines reported an uptick in cancellations.

Still, the weekly drop was limited as encouraging vaccine data provided a source of hope. Moderna (MRNA) reported a 94.5% efficacy rate for its COVID-19 vaccine candidate earlier this week and said it intends to submit for an Emergency Use Authorization with the Food & Drug Administration "in the coming weeks." Pfizer (PFE) and BioNTech (BNTX) followed that with a report that the latest efficacy analysis of their COVID-19 vaccine candidate found it was 95% effective; they said they would file an Emergency Use Authorization application Friday.

The utilities sector led to the downside with a decline of 3.9%, followed by a 3.0% drop in health care. All but four sectors were in the red. The four gainers were led by energy, which jumped 5.7%, followed by a 1.1% increase in materials, a 1.1% rise in industrials and a 0.6% edge up in financials.

Decliners among utilities stocks included American Electric Power (AEP), which fell 8.2% as Wolfe Research downgraded its investment rating on the stock to peer perform from outperform.

In health care, shares of Centene (CNC) slipped 8.8% as the company said it signed an agreement to acquire Apixio, a health-care technology company, for an unspecified amount. The deal is expected to close by the end of the year.

On the upside, the energy sector's climb came as crude oil futures rose. Among the gainers, shares of Diamondback Energy (FANG) jumped 19% on the week as Goldman Sachs raised its price target on the stock to $37.50 from $34.50 while keeping its investment rating at neutral.

TechnipFMC (FTI) was also strong this week, rising 13%, as the company said it received a notice to proceed for a contract from Sempra LNG and Infraestructura Energetica Nova at their Energia Costa Azul liquefied natural gas facility in Baja California, Mexico.

Among other hot stocks, shares of Boeing (BA) climbed 6.7%, boosting the industrial sector, as the aerospace company's 737 Max won Federal Aviation Administration approval to fly passengers again. The plane has been grounded since March 2019 following crashes that killed 346 people in Ethiopia and Malaysia.

Next week's schedule of economic data is consolidated into the first three days of the week as the market will be closed Thursday for the Thanksgiving Day holiday and trading hours will be abbreviated Friday.

Monday's reports will include purchasing managers' indexes from Markit for November while Tuesday's data include the S&P CoreLogic Case-Shiller national home price index for September and consumer confidence for November. Wednesday will bring a slew of reports including weekly jobless claims; October durable goods orders, new home sales, consumer spending and core inflation; and November consumer sentiment.

Provided by MT Newswires.

Major US Indicators Events Calendar
Nov. 23 through Nov. 29, 2020
Indicator Name
Latest Value
Next Release
Next Release Time (ET)
Frequency
1 Release Ago
2 Release Ago
3 Release Ago
US Initial Claims for Unemployment Insurance
742000.0
11/25/2020
8:30 AM
Weekly
4.36%
-6.08%
-0.13%
US Personal Consumption Expenditures
14.58T
11/25/2020
8:30 AM
Monthly
1.40%
1.04%
1.53%
US Personal Income
19.80T
11/25/2020
8:30 AM
Monthly
0.87%
-2.46%
0.93%
US Real GDP QoQ
33.10%
11/25/2020
8:30 AM
Quarterly
1.28K%
0.00%
0.00%
US Real Personal Consumption Expenditures
13.05T
11/25/2020
8:30 AM
Monthly
1.23%
0.71%
1.25%
US Personal Savings Rate
15.80%
11/25/2020
8:30 AM
Quarterly
-38.52%
167.7%
31.51%
US Durable Goods New Orders MoM
1.85%
11/25/2020
8:30 AM
Monthly
358.5%
-96.56%
55.12%
US Durable Goods New Orders YoY
-2.79%
11/25/2020
8:30 AM
Monthly
--
--
--
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
11/05/20
0.00% 0.00%
0.00%
1.50%
--
--
-100.0%
US Consumer Price Index
10/31/20
260.32 260.21
258.72
257.23
0.04%
0.62%
1.20%
US GDP
09/30/20
21.16T 21.16T
19.52T
21.54T
0.00%
8.39%
-1.78%
US Housing Starts
10/31/20
1.53M 1.459M
1.487M
1.34M
4.87%
2.89%
14.18%
US Manufacturing New Orders
09/30/20
474.97B 469.80B
438.25B
494.44B
1.10%
8.38%
-3.94%
US Personal Consumption Expenditures
09/30/20
14.58T 14.38T
14.01T
14.67T
1.40%
4.02%
-0.65%
US Retail Sales
10/31/20
497.70B 496.23B
483.70B
458.71B
0.30%
2.89%
8.50%
US Total Nonfarm Payrolls
10/31/20
142.37M 141.74M
139.57M
151.55M
0.45%
2.01%
-6.06%
View All Indicators
US Equity Major Funds Review
Benchmark:
S&P 500 Total Return
Week %
-0.73%
YTD %
11.95%
1Y %
16.60%
Passive Week % YTD % 1Y%
Invesco QQQ Trust
-0.19% 37.30% 44.72%
SPDR® S&P 500 ETF Trust
-0.77% 12.02% 16.59%
Vanguard Dividend Appreciation ETF
-0.99% 11.00% 14.55%
Vanguard Institutional Index I
-0.73% 11.94% 16.59%
Vanguard Mid-Cap ETF
0.86% 11.11% 14.78%
Vanguard Small-Cap ETF
2.13% 9.09% 13.18%
iShares Russell 1000 Value ETF
0.12% -2.63% 0.86%
iShares Russell 2000 ETF
2.31% 8.33% 13.64%
Active Week % YTD % 1Y%
American Funds Growth Fund of Amer A
1.06% 26.56% 32.10%
American Funds Washington Mutual A
-0.69% 2.82% 6.25%
Dodge & Cox Stock
0.87% 0.07% 4.86%
Fidelity® Contrafund®
-0.75% 26.23% 31.56%
MFS Value I
-0.99% -0.49% 3.39%
T. Rowe Price Mid-Cap Growth
0.82% 16.60% 20.81%
Vanguard Dividend Growth Inv
-1.03% 8.05% 11.68%
Vanguard Windsor™ II Admiral™
-0.07% 7.29% 10.91%
View All Funds
International Equity Major Funds Review
Benchmark:
MSCI ACWI Ex USA Total Return
Week %
1.92%
YTD %
4.76%
1Y %
9.25%
Passive Week % YTD % 1Y%
Vanguard FTSE Developed Markets ETF
1.65% 3.72% 7.77%
Vanguard FTSE Europe ETF
1.12% 0.19% 5.29%
Vanguard Total International Stock ETF
1.68% 4.78% 9.47%
iShares MSCI EAFE ETF
1.41% 2.74% 6.27%
iShares MSCI Emerging Markets ETF
1.51% 9.98% 17.30%
iShares MSCI Eurozone ETF
1.12% 2.16% 5.51%
iShares MSCI Japan ETF
2.15% 10.16% 11.04%
Active Week % YTD % 1Y%
American Funds Capital World Gr&Inc A
0.45% 8.78% 13.42%
American Funds Europacific Growth R6
1.34% 15.50% 20.95%
American Funds New Perspective A
1.30% 22.41% 27.79%
Franklin Mutual Global Discovery A
1.05% -10.86% -7.77%
Harbor International Institutional
1.50% 4.62% 8.82%
Invesco Developing Markets Y
2.44% 11.40% 17.72%
MFS International Intrinsic Value I
0.11% 15.08% 18.84%
Oakmark International Investor
2.69% -3.65% -0.66%
View All Funds
US Fixed Income Major Funds Review
Benchmark:
Bloomberg Barclays US Aggregate
Week %
0.59%
YTD %
7.32%
1Y %
7.26%
Passive Week % YTD % 1Y%
SPDR® Blmbg Barclays High Yield Bd ETF
0.62% 2.36% 5.16%
Vanguard Interm-Term Bond ETF
0.44% 9.23% 8.99%
Vanguard Interm-Term Corp Bd ETF
0.54% 8.33% 8.92%
Vanguard Total Bond Market ETF
0.64% 7.42% 7.34%
iShares Core US Aggregate Bond ETF
0.55% 7.27% 7.11%
iShares TIPS Bond ETF
0.39% 9.11% 9.17%
iShares iBoxx $ High Yield Corp Bd ETF
0.56% 2.00% 4.67%
iShares iBoxx $ Invmt Grade Corp Bd ETF
1.33% 10.08% 11.14%
Active Week % YTD % 1Y%
Dodge & Cox Income
0.61% 8.55% 9.00%
DoubleLine Total Return Bond N
0.28% 3.54% 3.17%
Lord Abbett Short Duration Income F
0.27% 2.26% 2.64%
Metropolitan West Total Return Bd I
0.63% 8.68% 8.62%
PIMCO Income Instl
0.50% 3.79% 5.25%
PIMCO Total Return Instl
0.50% 8.49% 8.02%
T. Rowe Price New Income
0.54% 4.97% 5.08%
Vanguard Interm-Term Tx-Ex Adm
0.59% 4.53% 5.05%
View All Funds
Indices > S&P 500 Events Calendar
Nov. 23 through Nov. 29, 2020
Earnings Next Earnings Report
Estimate
A
Agilent Technologies Inc
11/23/20
0.9377
MDT
Medtronic PLC
11/24/20
0.7991
ADSK
Autodesk Inc
11/24/20
0.9553
ADI
Analog Devices Inc
11/24/20
1.325
HPQ
HP Inc
11/24/20
0.5232
HRL
Hormel Foods Corp
11/24/20
0.4501
DE
Deere & Co
11/25/20
1.449
BBY
Best Buy Co Inc
11/26/20
1.724
Dividends Ex-Date Amount Price
JNJ
Johnson & Johnson
11/23/20 1.01 146.36
SPGI
S&P Global Inc
11/24/20 0.67 338.28
NEE
NextEra Energy Inc
11/25/20 0.35 75.55
UNP
Union Pacific Corp
11/27/20 0.97 203.39
EL
The Estee Lauder Companies Inc
11/27/20 0.53 240.56
CSX
CSX Corp
11/27/20 0.26 91.54
NOC
Northrop Grumman Corp
11/27/20 1.45 306.42
DD
DuPont de Nemours Inc
11/27/20 0.30 62.55
View All Stock Events
Technology Majors Review
Benchmark:
Technology Select Sector SPDR® ETF
Week %
-0.90%
YTD %
32.36%
1Y %
39.69%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
GOOG
Alphabet Inc
-1.96% 30.30% 33.70% 0.55%
1.178T
AAPL
Apple Inc
-1.61% 61.22% 79.88% -4.17%
1.995T
CSCO
Cisco Systems Inc
-1.04% -11.68% -6.04% 1.25%
173.12B
FB
Facebook Inc
-2.62% 31.40% 36.55% -2.23%
768.18B
IBM
International Business Machines Corp
0.08% -8.21% -7.63% -10.06%
104.20B
MSFT
Microsoft Corp
-2.57% 34.83% 42.11% 0.30%
1.591T
ORCL
Oracle Corp
-2.13% 6.95% 0.75% -0.44%
167.71B
QCOM
Qualcomm Inc
1.23% 68.94% 75.41% 1.47%
165.16B
View All Stocks
Financial Services Majors Review
Benchmark:
Financial Select Sector SPDR® ETF
Week %
0.55%
YTD %
-9.82%
1Y %
-6.16%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
BAC
Bank of America Corp
-0.70% -22.31% -15.84% -0.57%
231.93B
BRK.B
Berkshire Hathaway Inc
-0.18% 0.23% 4.38% 3.30%
532.28B
C
Citigroup Inc
6.14% -32.69% -27.24% -2.83%
107.53B
GS
Goldman Sachs Group Inc
1.95% -1.04% 5.01% -1.17%
76.85B
JPM
JPMorgan Chase & Co
0.43% -14.81% -8.39% -1.85%
349.23B
MA
Mastercard Inc
-3.59% 8.75% 13.78% 3.17%
322.01B
V
Visa Inc
-3.14% 9.18% 12.93% 5.62%
446.82B
WFC
Wells Fargo & Co
5.86% -50.75% -50.51% 4.22%
105.35B
View All Stocks
Industrials Majors Review
Benchmark:
Industrial Select Sector SPDR® ETF
Week %
1.05%
YTD %
8.14%
1Y %
8.93%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
MMM
3M Co
2.70% 1.67% 7.84% 5.43%
99.73B
BA
Boeing Co
6.69% -38.35% -45.86% 11.46%
112.69B
CAT
Caterpillar Inc
0.30% 20.10% 25.32% 0.11%
93.57B
DHR
Danaher Corp
-3.80% 47.57% 58.60% 4.88%
160.37B
GE
General Electric Co
5.51% -12.17% -13.87% -1.77%
85.50B
HON
Honeywell International Inc
0.23% 16.78% 16.64% 8.39%
141.74B
LMT
Lockheed Martin Corp
-1.90% -3.70% -3.92% 5.02%
102.97B
UPS
United Parcel Service Inc
0.06% 44.60% 42.23% 2.14%
141.55B
View All Stocks
Real Estate Majors Review
Benchmark:
Real Estate Select Sector SPDR®
Week %
-1.52%
YTD %
-2.37%
1Y %
-1.80%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
BXP
Boston Properties Inc
7.38% -26.21% -25.78% 5.04%
15.31B
BAM
Brookfield Asset Management Inc
8.28% 5.55% 6.76% 6.82%
60.78B
BPYU
Brookfield Property REIT Inc
-1.35% -6.00% -7.66% -4.85%
627.64M
CBRE
CBRE Group Inc
0.81% -4.88% 5.04% -0.29%
19.56B
EQIX
Equinix Inc
-3.96% 26.65% 29.98% 4.46%
64.88B
PLD
Prologis Inc
-3.15% 14.67% 12.33% -1.34%
74.12B
SPG
Simon Property Group Inc
8.59% -42.49% -42.21% 19.28%
24.82B
VTR
Ventas Inc
-2.75% -11.12% -11.01% 2.86%
18.25B
View All Stocks
Energy Majors Review
Benchmark:
Energy Select Sector SPDR® ETF
Week %
5.70%
YTD %
-37.09%
1Y %
-33.49%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
BP
BP PLC
3.67% -44.27% -45.38% 0.93%
65.84B
CVX
Chevron Corp
4.86% -24.80% -22.77% -1.67%
165.15B
COP
ConocoPhillips
12.13% -36.54% -30.48% 13.01%
42.35B
XOM
Exxon Mobil Corp
2.38% -42.84% -41.37% 0.43%
156.19B
HAL
Halliburton Co
10.96% -33.87% -20.52% -4.23%
14.06B
PBR
Petroleo Brasileiro SA Petrobras
6.33% -42.54% -38.40% 1.00%
59.16B
PSX
Phillips 66
6.32% -41.81% -44.14% 6.19%
26.90B
SU
Suncor Energy Inc
10.78% -51.51% -48.77% -3.59%
23.50B
View All Stocks
Healthcare Majors Review
Benchmark:
Health Care Select Sector SPDR® ETF
Week %
-2.96%
YTD %
8.25%
1Y %
14.12%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
ABBV
AbbVie Inc
1.82% 20.10% 21.94% 5.32%
178.03B
AMGN
Amgen Inc
-5.98% -4.88% 1.69% -6.11%
129.92B
JNJ
Johnson & Johnson
-2.36% 2.37% 10.61% 4.70%
385.30B
MRK
Merck & Co Inc
-0.79% -9.48% -2.79% -0.36%
203.54B
NVS
Novartis AG
1.65% -4.16% 0.24% 5.58%
199.06B
PFE
Pfizer Inc
0.32% 3.21% 9.14% 16.21%
203.99B
UNH
UnitedHealth Group Inc
-5.90% 15.27% 23.45% 5.19%
317.57B
View All Stocks
Consumer Defensive Majors Review
Benchmark:
Consumer Staples Select Sector SPDR® ETF
Week %
-1.53%
YTD %
7.68%
1Y %
10.79%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
KO
Coca-Cola Co
-1.46% -2.39% 2.28% 5.14%
226.35B
MDLZ
Mondelez International Inc
-1.58% 5.49% 11.44% 1.07%
81.72B
PEP
PepsiCo Inc
-0.89% 7.27% 10.39% -1.48%
198.20B
PM
Philip Morris International Inc
1.11% -5.12% -1.97% -1.05%
119.49B
PG
Procter & Gamble Co
-3.45% 14.28% 16.72% 1.26%
343.99B
TGT
Target Corp
6.23% 37.12% 39.05% 29.11%
86.29B
KHC
The Kraft Heinz Co
2.06% 4.95% 8.46% 6.99%
39.44B
WMT
Walmart Inc
-0.20% 28.08% 28.34% 12.20%
425.74B
View All Stocks
Consumer Cyclical Majors Review
Benchmark:
Consumer Discret Sel Sect SPDR® ETF
Week %
0.16%
YTD %
23.68%
1Y %
29.51%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
BABA
Alibaba Group Holding Ltd
3.80% 27.65% 48.47% 7.49%
732.52B
AMZN
Amazon.com Inc
-0.94% 67.73% 77.56% -2.95%
1.555T
MCD
McDonald's Corp
0.38% 10.41% 13.11% 2.34%
159.52B
NKE
Nike Inc
3.66% 32.24% 44.35% 0.74%
208.76B
SBUX
Starbucks Corp
1.52% 12.59% 18.41% 0.77%
113.86B
HD
The Home Depot Inc
-2.66% 25.82% 25.17% 14.97%
290.44B
DIS
The Walt Disney Co
1.96% -2.46% -3.41% 2.59%
254.92B
TJX
TJX Companies Inc
1.76% -0.26% 2.66% 18.07%
72.76B
View All Stocks
Utilities Majors Review
Benchmark:
Utilities Select Sector SPDR® ETF
Week %
-3.86%
YTD %
1.05%
1Y %
4.13%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
D
Dominion Energy Inc
-7.39% -1.72% -0.70% 9.06%
64.16B
DTE
DTE Energy Co
-0.64% 2.94% 8.60% 3.35%
25.14B
DUK
Duke Energy Corp
-2.53% 5.92% 10.88% 1.16%
68.14B
ETR
Entergy Corp
-0.18% -5.81% -3.61% 0.57%
21.82B
NGG
National Grid PLC
-2.02% 1.70% 12.87% 2.42%
43.42B
NEE
NextEra Energy Inc
-2.12% 26.80% 31.24% -1.29%
148.01B
SO
Southern Co
-4.73% -0.24% 1.22% -0.99%
64.30B
WEC
WEC Energy Group Inc
-5.91% 7.02% 11.91% 5.65%
30.31B
View All Stocks
Basic Materials Majors Review
Benchmark:
Materials Select Sector SPDR® ETF
Week %
1.09%
YTD %
15.56%
1Y %
20.29%
 
Ticker
Company Name
Week % YTD % 1Y% Vol. Trend
Market Cap
AA
Alcoa Corp
13.58% -12.51% -7.61% -0.99%
3.499B
MT
ArcelorMittal SA
1.30% -6.73% 0.93% -2.46%
17.30B
DD
DuPont de Nemours Inc
1.49% -0.79% -1.64% -8.95%
45.90B
ECL
Ecolab Inc
1.07% 9.97% 14.26% -3.68%
60.13B
NTR
Nutrien Ltd
7.98% -1.61% 1.85% 3.60%
25.80B
RIO
Rio Tinto PLC
1.63% 15.17% 28.72% -7.25%
79.21B
SHW
Sherwin-Williams Co
-0.28% 25.21% 26.84% -1.60%
65.78B
VALE
Vale SA
8.56% -0.09% 19.44% 9.06%
65.05B
View All Stocks