TOP 100 INDEPENDENT FINANCIAL ADVISORS • PULLOUT SECTION

VOL. CII NO. 38 SEPTEMBER 19, 2022 $5.00

STREAMING’S
BLURRY FUTURE
As Netflix and Disney+ turn to ads,
the battle for viewers heats up.
The bull case for Disney, Warner Bros.
Discovery, and Trade Desk.

PAGE 18

Squid Game
Netflix

>
63142
C O N T ENTS 09.19.22 VOL.CII NO.38

P. 18 P. 20 P. 32

Streaming Services Trader: This Bear Isn’t

Stake a Claim in Ads Worthy Alternatives to China Ready to Hibernate
Cover Story: Potential winners Emerging markets Brazil, Indonesia, and India are set to outperform as China and the It’s too soon to pounce on stocks.
and losers as Netflix, Disney, and U.S. struggle. Here are a handful of stocks and funds to consider. By RESHMA KAPADIA By BEN LEVISOHN
other providers look to generate
more money from advertising. P. 35
Tracking the main stock indexes for Brazil, India, Indonesia, and the U.S.
By JACK HOUGH
S&P 500 Jakarta Composite (Indonesia) Ibovespa (Brazil) NSE Nifty 50 (India)
Euro Trader: Ryanair
P. 7 Stock Could Soar 45%
20
Up & Down Wall Street: By RUPERT STEINER

Facing Rate Reality 15

P. 35
Worsening price trends prompt
calls for a supersize Fed rate hike. 10
Emerging Markets:
Where to find high returns. Putin’s Fair-Weather Pal
By RANDALL W. FORSYTH 5 By CRAIG MELLOW

P. 11 0 P. 36

Streetwise: Better Ways Striking Price: Lessons

to Generate Income
Reluctance to return to the office
could force REITs such as Vornado
to slash payouts. Plus, the lesson
that Apple can learn from Disney.
By JACK HOUGH
P. 14
A Golden Opportunity
in Newmont Stock
Trading near multiyear lows, the
miner’s shares could be the safest
way to bet on a gold revival—while
a generous 5.2% dividend yield
means you get paid to wait.
By NICHOLAS JASINSKI
P. 16
Another Pivotal
Moment for Crypto
Momentum is building to regulate
the cryptocurrency industry. Some
players even welcome it.
By JOE LIGHT
P. 22
U-Haul Parent Amerco
Could Move Up 50%
The company flies under Wall
Street’s radar. But bullish investors
see a thriving truck-rental and
self-storage business that deserves
-5
in Long-Term Investing
By STEVEN M. SEARS
-10
P. 37
-15
Commodities: Oil’s
-20 Pullback Makes Sense
By MYRA P. SAEFONG
-25
P. 58
-30
An Alternate View of
Jan. 2022 Sept.
the Dollar’s Prospects
Note: Data through Sept. 15 and in local currency. Source: Bloomberg
Other Voices: Three things that
could hasten the greenback’s end.
By EDWARD PRICE
SPECIAL PULLOUT
P. 23 P. 28
Top 100 Independent
Why This Mid-Cap Tech Trader: Deal- Advisors and RIAs
Fund Still Likes Tech Making Hits a Wall Here’s how to select an advisor
Profile: Amy Zhang of Alger Mid How Adobe’s bid for Figma and who can best meet your needs.
Cap Focus sold highfliers like Okta Oracle’s Cerner deal differ.
and scooped up beaten-down By ERIC J. SAVITZ
Photo illustration by
Barron’s staff; (Squid
stocks CrowdStrike and Paylocity. Barron’s Roundtable
Games) Dom Slike/Alamy By DEBBIE CARLSON P. 29 on Fox Business
© 2022 Dow Jones & Company,
P. 26
Economy: Don’t Bet Watch our weekly TV show Satur-
Inc. All Rights Reserved.
on a Fed Rate Pivot day or Sunday at 10 a.m. or 11:30
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The Dollar Could By LISA BEILFUSS a.m. ET. This week, an interview
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September 19, 2022 BARRON’S 3

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4 BARRON’S
I N D EX
Our index lists significant 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 AbbVie . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Accenture . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Ace Hardware Indonesia . . . . . . . . . . . . . . . . . . . 21
Adobe . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,28,39
Advanced Drainage Systems . . . . . . . . . . . . . . . 38
AGNC Investment . . . . . . . . . . . . . . . . . . . . . . . . . . 8
Akero Therapeutics . . . . . . . . . . . . . . . . . . . . . . . . 39
Alphabet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
Amazon.com . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38
Amerco . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
Annaly Capital Management . . . . . . . . . . . . . . . . 8
Apple . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,28
Ares Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
Automatic Data Processing . . . . . . . . . . . . . . . . 24
AutoZone . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Avalara . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
Avis Budget Group . . . . . . . . . . . . . . . . . . . . . . . . 22
B Ball . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Banco Bradesco . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
Bank of America . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
Bank Rakyat Indonesia . . . . . . . . . . . . . . . . . . . . 21
Bayerische Motoren Werke . . . . . . . . . . . . . . . . 12
Berkshire Hathaway . . . . . . . . . . . . . . . . . . . . . . . 22
Blackstone Mortgage Trust . . . . . . . . . . . . . . . . . 8
BP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35
Brasil Bolsa Balcao . . . . . . . . . . . . . . . . . . . . . . . . 21
C ChargePoint . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
Citigroup . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38
Citizens Financial Group . . . . . . . . . . . . . . . . . . . 11
Coinbase Global . . . . . . . . . . . . . . . . . . . . . . . . . 16,38
Comcast . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
Costco Wholesale . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Coty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
CrossAmerica Partners . . . . . . . . . . . . . . . . . . . . . 8
CVS Health . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .34
D Darden Restaurants . . . . . . . . . . . . . . . . . . . . . . . 13
F FactSet Research Systems . . . . . . . . . . . . . . . . . 13
FedEx . . . . . . . . . . . . . . . . . . . . . . . . 7,12,13,32,36,39
Ferrari . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
FirstEnergy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Fox . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
G General Mills . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Goldman Sachs Group . . . . . . . . . . . . . . . . . . . . . 25
H HDFC Bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
Hercules Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
Highwoods Properties . . . . . . . . . . . . . . . . . . . . . 11
Home Depot . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
Hormel Foods . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36
Humana . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
I IBM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
September 19, 2022
For Customer Service, call 1 (800) 544-0422, or go to
customercenter.barrons.com. For reprints of articles,
call 1 (800) 843-0008, or go to djreprints.com.
Intel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 L Lennar . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 MPLX . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
iRobot . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 Life Storage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
LTC Properties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 N NCR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
LVMH Moet Hennessy Louis Vuitton . . . . . . 12 Netflix . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
J JPMorgan Chase . . . . . . . . . . . . . . . . . . . . . . . 25,38 Newell Brands . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
M Marathon Digital Holdings . . . . . . . . . . . . . . . . . 16 Newmont . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
K Kajaria Ceramics . . . . . . . . . . . . . . . . . . . . . . . . . . 21 MasterCraft Boat Holdings . . . . . . . . . . . . . . . . 38 Nucor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
Keurig Dr Pepper . . . . . . . . . . . . . . . . . . . . . . . . . 33
Microsoft . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 O Oberoi Realty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
MicroStrategy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39 Office Properties Income Trust . . . . . . . . . . . . 11
Omega Healthcare Investors . . . . . . . . . . . . . . . . 8
Oracle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
P Packaging Corp. of America . . . . . . . . . . . . . . . 39
Paramount Global . . . . . . . . . . . . . . . . . . . . . . . . . . 18
Rupert Murdoch Executive Chairman, News Corp Petrobras . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
Robert Thomson CEO, News Corp Almar Latour CEO, Dow Jones Philip Morris International . . . . . . . . . . . . . . . . . 11
Phillips 66 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
SENIOR VICE PRESIDENT, BARRON’S GROUP Mae M. Cheng Ping Identity Holding . . . . . . . . . . . . . . . . . . . . . 28
ASSOCIATE PUBLISHER, BARRON’S GROUP Dan Shar Public Storage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
MANAGING EDITOR, BARRON’S GROUP Dave Pettit
EDITOR IN CHIEF David Cho Q Qualcomm . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
EXECUTIVE EDITOR Bob Rose SENIOR MANAGING EDITOR Lauren R. Rublin
DEPUTY EDITORS Alex Eule, Ben Levisohn
EDITORIAL DIRECTOR, MAGAZINE Phil Roosevelt R Raytheon Technologies . . . . . . . . . . . . . . . . . . . . 34
Riot Blockchain . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
MANAGING EDITORS Kristen Bellstrom, Matt Bemer, Daren Fonda, Joe Woelfel Roblox . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
Ryanair Holdings . . . . . . . . . . . . . . . . . . . . . . . . . . 35
ASSISTANT MANAGING EDITORS Henry Cutter, Mel Gray, Anita Hamilton, Mary Romano,
Robert Sabat, Rupert Steiner (London bureau chief)
ASSOCIATE EDITORS Andrew Bary, Randall W. Forsyth, Jack Hough, Reshma Kapadia, Eric J. Savitz
S Sabra Health Care REIT . . . . . . . . . . . . . . . . . . . 8
SENIOR WRITERS Bill Alpert, Lisa Beilfuss, Lauren Foster, Nicholas Jasinski, Tae Kim, Joe Light, Salesforce . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,28
Elizabeth O’Brien, Al Root, Avi Salzman, Lawrence C. Strauss Shell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35
Shopify . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38
REPORTERS Jacob Adelman, Luisa Beltran, Megan Cassella, Janet H. Cho, Jack Denton, Carleton English, Sixth Street Specialty Lending . . . . . . . . . . . . . . 8
Sabrina Escobar, Callum Keown, Marc Lajoie, Evie Liu, Shaina Mishkin, Josh Nathan-Kazis, Spectrum Brands Holdings . . . . . . . . . . . . . . . . 33
Angela Palumbo, Teresa Rivas, Connor Smith, Jacob Sonenshine, Karishma Vanjani Starwood Property Trust . . . . . . . . . . . . . . . . . . . 8
Store Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
STORY EDITORS Ed Lin, Erin McCarthy, Stacy Ozol Sunoco . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
COPY DESK Michael J. Burlingham, Richard Rescigno, Robert Teitelman
IDEAS EDITOR Matt Peterson
T Tabula Rasa HealthCare . . . . . . . . . . . . . . . . . . . 38
DEPUTY DIGITAL MANAGING EDITOR Zoe Szathmary Target . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
TotalEnergies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35
SENIOR AUDIO MANAGER Mette Lützhøft DIGITAL PRODUCERS Robert Cushing, Nick Devor, Clare McKeen
Trade Desk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
Kristin Lenz DESIGN DIRECTOR Chelsea Schiff
DIRECTOR, DESIGN & VISUALS Twilio . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
ART DIRECTORS Robert Connolly, Nick Hallam, Sue Ng
Twitter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
DIRECTOR OF PHOTOGRAPHY Sarina Finkelstein PHOTO EDITORS Halie Chavez, Nicole Silver
RESEARCH DIRECTOR Pauline Yuelys RESEARCHER Dan Lam
U United Tractors . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
STATISTICS MANAGER Michael T. Kokoszka STATISTICIAN Darren Chima
ADVERTISING SERVICES MANAGERS James H. Balmer, Ward S. McGuiness
NEWS editors@barrons.com STATISTICS barronsstats@barrons.com CUSTOMER SERVICE 800-544-0422 V Vornado Realty Trust . . . . . . . . . . . . . . . . . . . . . . 11
GLOBAL HEAD, WEALTH & ASSET MANAGEMENT Jack Otter
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September 19, 2022 BARRON’S 5

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Klingenstein Fields Advisors
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6 BARRON’S September 19, 2022

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 September 19, 2022
UP & DOWN WALL STREET
Bulls Get Scorched by
FedEx. Don’t Expect
The Fed to Help.
T
he stock market
faces a doubly poi-
sonous cocktail:
signs of slowing
economic growth
while central
banks attempt to
rein in inflation that, unlike the pan-
demic, hasn’t subsided meaningfully.
The pincer squeeze from those
twin pressures came into sharp focus
this past week after a much worse
than expected reading on retail infla-
tion from August, which was fol-
lowed by FedEx (ticker: FDX) stun-
ning the financial world ahead of
Friday’s session with disappointing
results and withdrawing its earnings
guidance over signs of slowing global
business.
The big shipper’s cautionary sig-
nal followed similar weakness in
another economically sensitive sec-
tor, as indicated by a steep drop in
the Materials Select Sector SPDR
exchange-traded fund (XLB). (See
the Trader column on page 32 for the
gory details.)
As equities slid on the FedEx news
Friday, the bond market was the pro-
verbial dog that didn’t bark. Unlike
during previous stock swoons, Trea-
sury securities failed to catch a bid
from investors seeking a haven in the
selling storm. Bonds evidently are
braced for the impact of another big,
David Paul Morris/Bloomberg
75-basis-point interest-rate increase at
the conclusion of the Federal Open
Market Committee’s two-day meeting
Wednesday. (A basis point is 1/100th
of a percentage point.)
To be sure, Treasury yields were
sharply higher on the week, having
BARRON’S
jumped following Tuesday’s consumer-
price-index report. In particular, the
key two-year note’s yield was up 30
basis points, to 3.871% on Friday, its
highest level since Oct. 31, 2007.
As expected, the steep decline in
retail gasoline prices tamped down
the overall monthly CPI headline
gain to 0.1%. But “core CPI,” which
By Randall W. excludes food and energy costs, rose
Forsyth at a 0.6% clip—twice the forecast
increase.
The unexpected worsening in price
trends prompted some calls for a su-
per-sized 100-basis-point hike in the
federal-funds target rate this coming
week. By Friday, the fed-funds futures
market was putting an 82% probability
of a 75-basis-point move, according to
FedEx’s
disappointing
earnings and
unexpectedly
weak guidance
were key factors
in this past week’s
stock market
swoon.
The futures market no longer looks for the Fed to
cut rates next year, which was underlined by the
bond market’s lack of reaction to the FedEx news.
the CME FedWatch website, in line
with the prediction in a Wall Street
Journal story earlier in the week. That
still left an 18% chance of a full per-
centage-point jump.
Notwithstanding the bigger-than-
expected CPI rise, some complaints
were heard that the Federal Reserve
is overdoing the tightening. Accord-
ing to the bleating by some critics—
mainly those who had previously
feasted on cheap money from the
central bank—the central bank is
reacting to a lagging indicator by
paying heed to inflation.
Pushback to that notion comes
from John Ryding and Conrad De-
Quadros, economic advisors at Brean
Capital, who argued last year that
inflation wouldn’t be transitory, as
the Fed then was insisting. They con-
tend that monetary policy is still far
from restrictive, even though infla-
tion is becoming more broad-based.
If the Fed raises the fed-funds
target by 75 basis points this coming
week, the key policy rate would re-
main lower in real terms than at any
time from 1954 to 2021, they write in
a client note. That reflects the wide
gap between the 8.3% yearly CPI rise
and the current 2.25% to 2.5% fed-
funds rate, and a likely new range of
3% to 3.25% after this week’s likely
7
rate increase. In other words, we still
have money for nothing and—with
apologies to Dire Straits—bips for
free (to use the market’s slang for
basis points).
Since what the Federal Open Market
Committee will actually do is nearly
certain, the main focus will be on its
new Summary of Economic Projec-
tions and, as usual, Federal Reserve
Chairman Jerome Powell’s postmeeting
press conference.
This confab will produce the first
new set of economic projections
since the June FOMC meeting, which
continued to portray an optimistic
outlook.
In that report, inflation was seen
coming down toward the 2% neigh-
borhood—the Fed’s long-term goal
for the personal consumption defla-
tor—while unemployment was ex-
pected to only edge up from the low
3.7% most recently tallied, and eco-
nomic growth was projected to come
in around or slightly below its long-
term trend. Back in the 1980s, such
benign forecasts were said to be pro-
duced by a government economist
named Rosy Scenario.
The FOMC’s expectation (don’t
call it a forecast) for fed funds might
be taken more seriously, given that
the target rate is under the panel’s
control. The projection for the end of
this year is certain to be raised from
the 3.4% in June.
As of Friday, December fed-funds
futures were split between a 4%-
to-4.25% and a 4.25%-to-4.5% year-
end range. That would imply another
75-basis-point hike at the Nov. 1-2
FOMC gathering, followed by either
a 25- or 50-point hike in December.
Perhaps more telling will be pro-
jections for 2023 and beyond. The
futures market no longer looks for
the Fed to cut rates next year, an ex-
pectation underlined by the bond
market’s lack of reaction to the
FedEx earnings news. Futures cur-
rently point to a peak range of 4.25%
to 4.5%, to be hit by February and to
linger through July. That’s about
double the current target range.
In a widely read LinkedIn post
this past week, Bridgewater Associ-
ates’ founder Ray Dalio wrote that a
8 BARRON’S
Up & Down Wall Street (continued)
Re-Charge
4.5% fed-funds rate could mean a 20%
drop in equity prices. But to achieve Je-
rome Powell & Co.’s anti-inflation goal,
Deutsche Bank economists suggest, a rate
near 5% might be needed.
None of which sounds auspicious for
Your Portfolio the bulls.
I
nterest rates have further to rise
amid persistent inflation, while the
labor market remains too strong for
its own good. So says Charles Lieber-
man, former chief economist for one of
the major New York banks that eventu-
ally was swallowed up by JPMorgan
Chase. Of even greater interest to most
Lithium & Barron’s readers is what investment plays
Lieberman favors in his present capacity
Battery Tech ETF as chief investment officer of Advisors
Capital Management.
LIT
The benchmark 10-year Treasury
note’s yield of 3.45% simply is unsustain-
ably low with the Federal Reserve on
track to lift its federal-funds target rate to
around 4%-4.50%, Lieberman opined by
telephone this past week. A further rise
in bond yields would translate into a de-
cline in their prices, worsening the nega-
tive returns that fixed-income investors
have suffered this year.
One solution is to stick with short-
term money-market instruments, such as
1 (888) 493-8631 Treasury bills, as our colleague Andrew
GLOBALXETFS.COM Bary writes on Barrons.com and as erst-
while bond king Bill Gross said a couple
of months ago.
One-year bills traded at more than a
4% bond-equivalent rate Thursday, put-
®
ting them at the peak of the Treasury
Beyond Ordinary ETFs yield curve and above the yield on the
widely watched two-year note.
Investing involves risk, including the possible loss of principal. International Higher prospective bond yields means
investments may involve risk of capital loss from unfavorable fluctuation in equity valuations are expensive, Lieber-
currency values, from differences in generally accepted accounting principles, man continues. However, while many
or from economic or political instability in other nations. Emerging markets names—if they have earnings at all—still
involve heightened risks related to the same factors as well as increased command stretched price/earnings multi-
volatility and lower trading volume. Narrowly focused investments may be ples, he sees a lot of cheap stocks. Those
subject to higher volatility. There are additional risks associated with investing include shares of quality companies trad-
in lithium and the lithium mining industry. LIT is non-diversified. ing at less than 10 times profits, and
bond alternatives with higher yields and
Carefully consider the Fund’s investment objectives, risk a measure of inflation protection.
factors, charges and expenses before investing. This and That naturally leads to the energy sec-
additional information can be found in the Fund’s full or summary tor, notably a number of master limited
prospectus, which are available at globalxetfs.com. Read the partnerships. Here he picks MPLX
prospectus carefully before investing. (ticker: MPLX), a midstream play, and
Sunoco (SUN), a distributor of motor
Shares of ETFs are bought and sold at market price (not NAV) fuels, both of which sport dividend yields
and are not individually redeemed from the Fund. Brokerage over 8%. Another favorite: Crossamer-
commissions will reduce returns. Distributed by SEI Investments ica Partners (CAPL), a smaller motor-
Distribution Co. fuel retailer yielding over 10%.
Lieberman also names a few real estate
investment trusts that he sees as being
September 19, 2022
relatively less sensitive to higher rates
than most of the breed.
Nursing-home REITs were hammered
during the pandemic, but should now
enjoy a tailwind as occupancy rises, he
argues. Names he cites include Omega
Healthcare Investors (OHI), Sabra
Health Care REIT (SBRA), and LTC
Properties (LTC).
He also favors commercial mortgage
REITs, including Starwood Property
Trust (STWD) and Blackstone Mortgage
Trust (BXMT), with yields in the 8%
range. That’s less than the double-digit
yields found on more familiar residential
mortgage REITs, but commercial mort-
gages have significantly lower risk from
rising interest rates, Lieberman explains.
(For more on REITs, see Streetwise on
page 11.)
Less risky for mREIT fans are these
entities’ preferred stocks, specifically those
with currently fixed dividends that convert
at a future date to floating payouts at a
large spread above short-term interest
rates. His picks are AGNC Investment,
series E (AGNCO), and Annaly Capital
Management, series I (NLY Pfd I). Their
current yields are in the 7% range, which
is well below what’s offered on their risk-
ier common shares.
These preferreds may convert to a
floating dividend rate in 2024 at a spread
nearly 5% above a short-term rate bench-
mark. That is, unless they’re called at
their $25 par value. So investors should
see either a step-up in yields to the 8%
range (based on expected future yields
priced into Eurodollar futures) or, if the
paper is called, a capital gain.
Finally, Lieberman likes business de-
velopment companies, or BDCs, which he
calls banks without deposits. These lend
to generally smaller companies, typically
at hefty interest rates.
The key is to make good loans that
actually get repaid, which makes BDC
management the key criterion. His selec-
tions: industry leaders Ares Capital
(ARCC) and Hercules Capital (HTGC),
along with Sixth Street Specialty
Lending (TSLX), which all sport yields
in the 9% range.
As noted in the first part of this column,
the stock and bond markets face the pros-
pect of the Fed doubling its current fed-
funds target range of 2.25%-2.50% by early
next year. Finding high returns without
taking on outsize risks is the daunting task
investors now face. B
email: randall.forsyth@barrons.com
September 19, 2022 BARRON’S 9
10 BARRON’S September 19, 2022

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September 19, 2022
ST R E E T W I S E
Work-From-Home
Has Legs. The Office
REITs Feel the Pain.
G
et back to the of-
fice, say CEOs like
Jamie Dimon and
Elon Musk. I
couldn’t agree
more. Exchanging
ideas in person is
the lifeblood of any thriving enterprise.
Give me 50 hours in the big city any
week—no, 60. Add 10 for commuting—
that’s quality audiobook time.
Still there? Sorry—sometimes man-
agement reads the first few lines. Be-
tween us, I’m following a standard
hybrid plan of high-output isolation
mixed with strategic visibility. On the
busiest work days, I roll out of bed
and straight into business slippers,
avoiding human contact at all costs.
On office days, I do a bit of extra
noisemaking to leave the impression
that I was there for longer. Squeaky
shoes and jingly pocket change help.
Office REIT yields of around 7.5%
speak volumes about work-from-home
expectations. That’s more than double
the average payout for other types of
real estate investment trusts. The mar-
ket is saying that payment cuts are
coming, suggesting that occupancy
levels aren’t going to bounce back to
former levels soon. “If we don’t see
signs of organic growth bottoming in
the next 18 months, we think dividend
cuts may be back on the table to pre-
serve capital and reduce leverage,”
wrote Morgan Stanley analyst Ronald
Kamden this past week.
Office REITs have fallen harder
than the rest of the group this year, and
the average big one goes for just seven
times next year’s projected funds from
operations. That’s half the broader
BARRON’S
REIT average. Before Covid, the dis-
count was 12%. Office landlord in-
comes are getting a lift from a bounce-
back in variable fees on things like
parking, but vacancies have crept
higher. REITs with New York City ex-
posure enjoyed occupancy percentages
in the mid-to-high 90s a few years ago.
Now they’re in the high 80s to low 90s.
By Jack Hough Kamden reckons that nearly all the
office REITs he covers will post lower
funds from operations next year. Cash
balances will help, but if landlords
want to preserve cash, many will need
to raise outside capital. Kamden is
bullish on an office REIT called High-
woods Properties (ticker: HIW),
which yields 6.7% and operates in Sun
Belt markets with lower exposure to
work-from-homers. But he recently
reiterated bearish calls on New York
heavyweight Vornado Realty Trust
(VNO), which pays 8%, and the
smaller Office Properties Income
Trust (OPI), with exposure to Wash-
ington, D.C.; Chicago; Atlanta; and
Silicon Valley. It pays 13%.
There are better income opportuni-
ties, including outside of REITs. The
BARRONS.COM/PODCASTS
Barron’s Streetwise
In a weekly podcast by Barron’s, columnist Jack Hough looks
at the companies, people, and trends you should be watching.
This is Wall Street like you’ve never heard before. Subscribe
to Barron’s Streetwise on Spotify, Apple Podcasts,
or your favorite listening app.
Office REITs with New York City exposure had
occupancy rates in the mid-to-high 90s a few
years ago. Now they’re in the high 80s to low 90s.
market strategists at Morgan Stanley
expect dividend stocks in general to
outperform as inflation eventually
comes down from peak levels. They
recently ran a screen for promising
ones, then asked the firm’s industry
analysts which to prefer. Some of the
picks are expected to pay more than
4% in dividends next year while pro-
viding total returns over 30%. Be rea-
sonably confident in the first number
but only prayerful about the second.
On that list are Ohio utility
FirstEnergy (FE), which for now
yields 3.8%; drugmaker AbbVie
(ABBV), 3.9%; East Coast banker Citi-
zens Financial Group (CFG), 4.5%;
and wheeze facilitator Philip Morris
International (PM), 5.4%.
As for the future of offices, econo-
mists say a labor shortage has shifted
power to wage-earners, who want
better work-life balance. They must be
talking about younger ones. As a Gen-
Xer, I’m motivated more by traditional
business values, like greed and inse-
curity. I expect to gradually make
more frequent trips to the office. For
now, if anyone important is looking
for me, you just heard me jingling into
a meeting, and it sounded important.
L
et me turn to something tan-
gentially related to this week’s
cover story: how to charge
customers for sitting through
advertising. Last week in this space I
mentioned Apple’s (AAPL) yearly
iPhone presentation. It’s free, of course.
Cupertino could learn a thing or two by
looking south, to Anaheim, where
Walt Disney (DIS) just held a typically
biennial event called D23 Expo.
Tickets were $89 for one day, $229
11
for all three. Choice seating ran $899.
Buyers had to belong to a fan club
called D23, after Disney’s founding
year of 1923, at gold level, which costs
$99.99 a year. And they had to hurry,
because expo tickets sold out in July.
These lucky few—well, enough to pack
the Anaheim Convention Center,
which can hold 7,500—got to hear
about things like minor ride enhance-
ments and new character greetings.
For example, the Star Wars land will
soon have a Mandalorian walking
around with an animatronic Grogu
(baby Yoda to non-sticklers).
I mention this because I just re-
turned from my first Disney World trip
since before the pandemic. By now you
might have heard that ticket prices
have soared, and there’s a new up-
charge for something called Genie+ to
avoid punishing ride waits, plus an-
other for something called Individual
Lightning Lanes on rides too popular
to be part of Genie+. Availability can
run out. Effectively at 7 a.m. there’s a
new show called Parents Frantically
Poking Smartphones to Buy Privileged
Access to Slinky Dog Dash.
It’s hard to quantify true Mickeyfla-
tion, because some previous freebies
are gone, like the bus from the airport.
But I’d guess that my costs were up
40%, fun was down 20%, and the kids
were 15% whinier. That last one is on
me—they turned feral from too much
screen time during the pandemic.
All of this has done wonders for
Disney’s park operating margins, but
grumbling customers have taken to
switching CEO Bob Chapek’s last name
to Paycheck. I’m watching for signs of
waning demand, but not seeing them
yet. And the fact that so many paid so
much for so little at the D23 Expo gives
me confidence in the cash flows.
But I’m vacationing closer to home
from now on, not least because airline
travel has come to resemble a porta-
potty visit—sometimes necessary, but
never good. I’ve got my eye on Bush-
kill Falls, which they call the Niagara
of Pennsylvania. Park entrance is $15,
and there’s a $3 charge for a trail map,
but no lightning lanes, so long as the
weather holds. B
email: jack.hough@barrons.com
12 BARRON’S September 19, 2022

R E VIEW 30,822.42
Dow Industrials: - 1329.29
454.36
Dow Global Index: - 19.07
3.45%
10-year Treasury Note: + 0.13

Rattled and Rolled HE SAID

U.S. indexes rose as investors awaited
Tuesday’s consumer-price-index data.
But stocks, oil, and Bitcoin fell after the “History will put
release—August inflation at 8.3%, up everything in its place.
0.1% over July. The result was the
worst day for stocks since June 2020. And we will be with gas,
Lower producer prices, an uptick in
August retail, and no rail strike helped,
light, water, and food...
but mortgage rates topped 6% and a and without you.”
FedEx profit warning sent shares Ukraine President Volodymyr Zelensky
down again. On the week, the Dow after his forces routed Russian forces east
industrials fell 4.13% to 30,822.42; the of Kharkiv
S&P 500 was down 4.77% to 3873.33;
and the Nasdaq Composite plunged
5.48% to 11,448.40.

Inflation: Still Hot

4 DOORS, 4 SEATS, AND A TRUNK The August CPI suggested inflation
was still rising, but the rate was slow-

A Ferrari for THE NUMBERS

ing—maybe. Once again, the data
eluded the prognostications of econo-

500 K
mists, who had thought falling gaso-

The Family
It took a while, but Ferrari has a family car, with four
The reduction in the U.S. work-
force because of illnesses
caused by Covid.
line prices would have more effect.
Core CPI, which removes volatile food
and energy costs, rose at a 6.3% rate,
above July’s 5.9%. The CPI reinforced
the belief that the Federal Reserve will
hike rates by 0.75 percentage point at

doors and four seats. The iconic Italian sports-car maker,
famed for its black “prancing horse” logo, recently un-
veiled the Purosangue—Italian for thoroughbred—a
crossover-sized model (think SUV), equipped with a V-12
engine capable of producing 800 horsepower.
The Purosangue will rocket the kids from zero to 60
miles per hour in about three seconds. But it’s not just
$370 B
Fall in deposits at U.S. banks in
the second quarter, the largest
since 2018.
its meeting this coming week.
Ukraine Plays Offense
A Ukraine lightning offensive east of
Kharkiv routed Russian troops and Ethereum Merges
seized major rail centers Izyum and Crypto’s Ethereum blockchain completed
Balakliya. Moscow said its troops a major software upgrade known as the

about speed. The car’s aluminum frame includes hollow,
thin-wall, aluminum castings to minimize weight and
maximize handling. It’s still a Ferrari.
The Purosangue has a 17-cubic-foot trunk (“boot ca-
pacity,” as the company calls it), not usually a consider-
ation of Ferrari buyers. In comparison, a BMW X1
crossover has trunk capacity of about 26 cubic feet. The
18th
Where the U.S. ranked globally
in a Natixis survey of retirement
security, down one spot from
were “regrouping,” though they left
behind ammunition, heavy weaponry,
and nearly everything else. Russia
responded with Cruise missile strikes
on Ukraine power plants and a dam.
Russia’s Vladimir Putin met with
China’s Xi Jinping in Uzbekistan. Ger-
Merge, slashing energy costs by as much
as 99% and making its token, Ether, into
more of a yield-bearing instrument,
which could attract regulatory attention.
Ether then dropped nearly 9%.
Annals of Deal Making

Illustrations by Elias Stein; Ludovic Marin/AFP/Getty Images

Purosangue also comes with massaging front seats (kids last year. One reason: income many took control of three Rosneft oil Third Point’s Dan Loeb backed off a de-
go in the back) and an optional electrochromic glass roof inequality. Norway was No. 1. refineries. mand that Walt Disney sell its ESPN

that can modify its tint. Each of the four seats can be
independently adjusted.
Sounds ideal for a family road trip, with one catch: A
Purosangue starts at $390,000. Ferrari sold some
11,000 cars in 2021, generating more than $5 billion in
sales, at roughly $450,000 per vehicle. Ferrari is in the
luxury-product business, which is why its stock trades
for 33 times estimated 2023 earnings—closer to LVMH
Moet Hennessy Louis Vuitton than to BMW. LVMH
trades for about 21 times estimated 2023 earnings;
BMW, for five times. Ferrari stock was up 0.6% for the
week. The S&P 500 and Dow Jones Industrial Average
droped 4.8% and 4.1%, respectively. — Al Root
$71 K
Median U.S. household income
in 2021, essentially flat from
pandemic-year 2020.
To get Numbers by Barron’s
daily, sign up wherever
you listen to podcasts or at
Barrons.com/podcasts
Rail Strike Averted
U.S. freight railroads reached a tenta-
tive settlement with two major rail
unions, avoiding a nationwide strike
that would have cost billions of dollars
a day. Ten of 12 rail unions had
reached agreement, but the Brother-
hood of Locomotive Engineers and
Trainmen and the International Asso-
ciation of Sheet Metal, Air, Rail, and
Transportation Workers hadn’t. The
White House cheered the settlement.
sports network, after Disney CEO Bob
Chapek said it had a plan for restoring its
“growth trajectory”…Twitter whistle-
blower Peiter Zatko, its former security
chief, testified before the Senate Judiciary
Committee that the social-media company
failed to protect customer data. Share-
holders voted to approve the takeover by
Elon Musk, who in a third letter de-
manded to exit the deal…Adobe said it
would acquire cloud-based design-soft-
ware developer Figma for some $20 bil-
lion in cash and stock. The stock fell.
September 19, 2022 BARRON’S
P R EV IEW Wednesday The National Association of Realtors reports
existing-home sales for August. Consensus
estimate is for a seasonally adjusted annual
rate of 4.7 million existing homes sold, about 100,000 fewer than in July.
A CRISIS POSTPONED?
Why Natural
Europe's Plight
European gas prices have steadily risen,
as the European Union scrambles to
conserve energy and find new supplies.
Gas Could Fall U.S. and European Natural Gas Prices,
2022 Through August ($ per MMBtu)
January
$0 $50
Here’s a challenge to the conventional wisdom, courtesy of February
U.S. Natural
Goldman Sachs: Europe has “solved” its winter natural-gas March Gas
crisis, and prices could drop by half in the next six months.
April European
The fuel’s cost has soared, setting records in Europe last Natural Gas
month, just before Russia shut the Nord Stream 1 pipeline to May
Germany. Some analysts expect European power bills to June
triple early next year, necessitating government bailouts.
July
Traders expect prices to stay high into 2023, moderating
slightly by year end. Gas futures for 2023’s first quarter are August
trading at 199.50 euros ($199.05) per megawatt hour. Source: Bloomberg
But Goldman analyst Samantha Dart sees prices falling
below €100 in 2023’s first quarter. Europe, she says, has built
Gas Rises
storage to 82% of capacity—and will exceed 90% by the end In a rough year for most stocks, the
of October. Europeans are using less gas, because of new largest natural-gas producers have
rules and a slowing economy. There are caveats. Winter prospered.
could be harsh, forcing countries to use more gas for heat. Stocks of the 5 Largest U.S. Natural-Gas Producers,
Russia could curtail more gas, such as supplies to Italy. And 2022, Year to Date
consumer subsidies could encourage gas consumption. BP ConocoPhillips Shell
Next summer could be tough. Storage will fall to 22% Chevron Exxon Mobil
after winter, she says, forcing countries to buy pricier fuel,
80%
likely imported liquefied natural gas. So, prices might rise
to €235 per megawatt hour—higher than traders expect. 60
U.S. prices are lower than Europe’s, but they’ve still tri-
40
pled from long-term averages. Some analysts see prices on
this side of the Atlantic also falling. With exports limited, 20
U.S. producers will largely be supplying the domestic mar-
0
ket, where there’s a relative gas glut. It makes no sense that
prices here would swing dramatically on changes in Europe, -20
writes RBC Capital Markets analyst Christopher Louney, 2022
because the U.S. can’t increase exports. — Avi Salzman Source: FactSet
Monday 9/19
AutoZone reports fourth-quarter
fiscal-2022 results.
The National Association of Home
Builders releases its Housing Market
Index for September. Economists fore-
cast a 48.5 reading, about even with
the August data. The index has fallen
every month this year and in August
breached the key break-even measure
of 50 for the first time since May of
2020.
Tuesday 9/20
The Census Bureau reports new
residential construction statistics for
August. Expectations are for a season-
ally adjusted annual rate of 1.45 mil-
lion privately owned housing starts,
matching the July figure.
$100 Wednesday 9/21
General Mills and Lennar release
earnings.
Salesforce and W.W. Grainger host
investor days.
The Federal Open Market Commit-
tee announces its monetary-policy de-
cision. Just two weeks ago, Wall Street
was debating whether the FOMC
would raise the federal-funds rate by
50 or 75 basis points. After another
strong jobs report and a hotter-than-
expected print for the August con-
sumer price index, a three-quarters of a
percentage point interest-rate hike
seems all but assured. That would
bring the fed-funds rate to 3.0%-3.25%.
Traders are even pricing in a 25%
chance that the central bank will raise
its key short-term rate by a full per-
centage point, which would be the larg-
est move in nearly four decades.
Thursday 9/22
Accenture, Costco Wholesale,
Sept. Darden Restaurants, FactSet
Research Systems, and FedEx hold
13
Sign up for the Review &
Preview daily newsletter at
Barrons.com/reviewpreview
conference calls to discuss quarterly
results.
Ball Corp. and Qualcomm hold
investor days.
The Bank of Japan announces its
monetary-policy decision. The central
bank is expected to maintain its ultra-
low interest-rate policy and keep its
target rate unchanged at negative
0.1%, as it has been since early 2016.
The dovish BOJ, in contrast to the
hawkish U.S. Federal Reserve, has
sunk the yen to its lowest level against
the U.S. dollar since 1998.
The Conference Board releases its
Leading Economic Index for August.
The consensus call is for a 0.1%
month-over-month increase, after a
0.4% decline in July. The index has
fallen for five consecutive months,
indicating that the risk of a recession
is rising in the near term.
Friday 9/23
S&P Global releases both its Manu-
facturing and Services Purchasing
Managers’ indexes for September.
Economists forecast a 51 reading for
the Manufacturing PMI and a 45.3 for
the Services PMI. This compares with
51.5 and 43.7, respectively, in August.
Coming Earnings
Consensus Estimate Year ago
M
AutoZone (Q4) $38.50 $35.70
T
Stitch Fix (Q4) -0.63 0.19
W
General Mills (Q1) 0.99 0.99
H.B. Fuller (Q3) 1.05 0.79
More Earnings on Page 55.
Consensus Estimate
Day Consensus Est Last Period
T August Houing Starts 1,450,000 1,446,000
W August Existing Home Sales 4,725,000 4,810,000
TH Q2 Current Account
August Leading Indicators
-$258.1 bil
0.00%
-$291.4 bil
-0.40%
Unless otherwise indicated, times are Eastern. a-Advanced;
f-Final; p-Preliminary; r-Revised Source: FactSet
For more information about coming economic reports
- and what they mean - go to Barron’s free Economic
Calendar at www.barrons.com
14 BARRON’S September 19, 2022

Newmont
Sales were $12.4 billion over the past
four quarters, with net income of $1.9
billion and free cash flow of $1.8 billion.

Stock Is Too
“The assets are there, the manage-
ment is good, and it’s by far the big-
gest gold company, so it’s what most
people look at,” says Caesar Bryan,

Cheap to manager of the Gabelli Gold fund.

T
hose assets are on sale right

Ignore. It’s
now. The stock trades for 0.95
times its net asset value, accord-
ing to Gabelli analyst Christo-

Time to Buy.
pher Mancini, versus a typical pre-
mium of 30% to 50% for gold miners
in general. He believes that shares
should go for 1.2 times NAV, or $52.
UBS analyst Cleve Rueckert calculates
The only gold stock in the S&P 500 a $50 price target, based on a 7.5 times
multiple of enterprise value to forward
is a hedge against uncertainty with
earnings before interest, taxes, depreci-
a 5% dividend yield. The shares ation, and amortization, or Ebitda—
could have an upside of 20%. which would be close to the stock’s
historical average. It currently trades at
BY NICHOLAS JASINSKI 5.8 times. Goldman’s Chieng uses a mix
of both valuation multiples and calcu-

G
old has lost its shine of
late, but gold producer
Newmont might be a
diamond in the rough.
It certainly hasn’t been
easy being a gold miner
lately. As a commodity
producer, you’re worth as much as
what you sell, and the price of gold
has been sliding since it topped
$2,000 an ounce in early March as
Russia’s invasion of Ukraine spooked
markets. Then, the Federal Reserve
started raising interest rates, sending
the U.S. dollar higher, and it has been
all downhill since then, with gold
tumbling 19%, to $1,665.
Gold’s slide has hit Newmont
Shares dropped 13% after the report.
Still, it may be time to buy New-
mont stock. The dollar, up 14% in
2022, is unlikely to rise forever, and
owning gold would provide a hedge in
the case of mean reversion, or poten-
tial geopolitical and economic trem-
ors. Newmont continues to increase
its production of the precious metal,
and its stock looks cheap. It also car-
ries a 5.2% dividend yield, which
means that investors can get paid
to wait.
“Recent underperformance marks
an attractive entry point for a low-risk
gold producer delivering volume
growth,” writes Goldman Sachs
analyst Emily Chieng.
A processing plant bet on a gold revival. It bulked up in
at the Merian gold
mine in Suriname, 2019 via its acquisition of Goldcorp,
owned and operated gaining new mines, people, and other
by Newmont. The
company’s stock
assets. Its industry-leading scale qual-
may be the safest ifies the company for the S&P 500,
way to bet on a gold and it remains the only gold stock in
revival.
the index. That makes it the default
for generalist investors and gives it
a boost from index-fund ownership,
while a generous dividend makes it
a target for income funds. It also oper-
ates in generally less risky regions
than many other gold miners, with
close to 70% of its assets in North
America and Australia.
Its nearly 100 million ounces of
reserves towers over all of its peers
but one. Newmont produces some six
million ounces of gold annually, and
lates a $53 fair value.
All three targets represent roughly
20% upside before Newmont’s divi-
dend yield of more than 5%.
The dividend has been a focus of
investor worries lately, but Rueckert
believes that the concerns are un-
founded. The company’s dividend
formula consists of a $1 per share
base dividend annually, and a vari-
able payment on top of that tied to
40% to 60% of free cash flow at a
gold price above $1,200 an ounce.
That’s currently an additional $1.20
per share annually, based on manage-
ment’s estimate of a $1,800 gold
price, with the company re-evaluat-
ing the payout whenever the price
moves by $300 in either direction.

(ticker: NEM) hard, with the stock
down more than 50% from its April
high to $42.40, its lowest price since
March 2020, when gold was $1,500
an ounce.
The company has also been hurt by
the same inflationary pressures affect-
ing practically every business this
year. A pair of worse-than-expected
quarterly results contributed to the
sharp decline in Newmont stock since
April. In the second quarter, reported
O
f course, everything starts
with the price of gold—and
lately the metal has been
under considerable pressure.
Higher interest rates tend to make
gold, an asset that doesn’t offer any
yield, less attractive. It’s also priced in
dollars, so as the dollar rises, gold is
worth fewer dollars. But a reversal in
either of those two trends could send
gold prices shooting higher.
“Gold has exceptional medium-
smaller quantities of other metals Rueckert models sufficient cash
including silver, copper, lead, and zinc. flow in the coming years for the com-
pany to maintain the current payout
while investing in new projects and
Newmont mines. He notes that the current
(NEM / NYSE) $1.20 payout is much closer to 40%
$90 of free cash flow than 60%, while
Newmont’s balance-sheet strength
80 gives it additional flexibility. (Net
debt to Ebitda was just 0.3 times
70 at the end of the second quarter.)
Its dividend yield above 5% should
60

in July, management cited higher
prices for labor, diesel fuel and other
energy, and raw materials used for
mining and processing gold. The com-
pany raised its all-in sustaining costs
to $1,150 per ounce, from $1,050. That
was a larger increase than many of
Newmont’s competitors at the time.
term fundamentals,” says Thomas
Kertsos, manager of the First Eagle
Gold fund. “We have record global
debt levels; an equal amount of geopo-
litical, economic, and financial uncer-
tainty; and now an energy crisis and a
potential food crisis on the horizon.”
Newmont may be the safest way to
Ranu Abhelakh/Reuters/Alamy
put a floor under the stock.
“All you really need for the stock
50
to recover is for the gold price to stay
40 flat,” Rueckert says.
With Newmont, investors get a
30 solid option on a higher gold price in a
2020 ’22 high-quality company—with a steady
Source: FactSet stream of income in the meantime. B
September 19, 2022 BARRON’S 15

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16
Inside President
Biden’s Crypto
Crackdown
A flurry of White House reports outline a much tougher approach to
crypto regulation. The industry is already fighting back.
BY JOE LIGHT
T
he White House wants to
bring law and order to
crypto. Its plans are start-
ing to take shape.
Backed by an executive
order, the White House
released a set of reports
this week on the administration’s
plans to regulate the industry. While
encouraging innovation—including
the potential development of a Federal
Reserve–backed “digital dollar”—the
reports urge regulators such as the
Securities and Exchange Commission
and Commodity Futures Trading
Commission to “aggressively pursue
investigations and enforcement ac-
tions,” the White House said.
The reports followed a blistering
missive from the White House earlier
this month on the climate impact of
crypto mining, which uses massive
amounts of electricity to process
transactions, primarily for Bitcoin.
For crypto companies and inves-
tors, it looks like another pivotal mo-
ment. And like all things in crypto, the
regulatory push is fueling more con-
troversy and uncertainty over whether
Washington will figure out how to
establish rules without breaking the
industry’s back.
“It’s clear that there’s a lot of work
the Biden administration wants to
do,” says Owen Tedford, an analyst for
Beacon Policy Advisors, a Washing-
ton, D.C.–based policy research firm.
Despite its antigovernment roots,
the industry is seeking regulation,
albeit on its own terms. The thinking
is that a legal framework for tokens
and trading platforms will attract
more mainstream users along with
institutional pools of capital, such as
pension funds.
The industry also needs to restore
credibility, given its recent blowups.
The bankruptcies of major crypto
firms like Celsius Network, Voyager
Digital, and Three Arrows Capital
helped wipe out $2 trillion in the to-
ken market, undermining crypto’s
appeal to institutional investors and
putting pressure on lawmakers to
come up with consumer protections.
“The industry is very supportive of
consumer protections and investor
protections being put in place,” says
Brett Quick, head of government af-
fairs for the Crypto Council for Inno-
vation, a trade group whose members
include Coinbase Global (ticker:
COIN) and venture-capital firm An-
dreessen Horowitz.
Political momentum to regulate
BARRON’S
crypto is clearly building. Along with
the White House push, bipartisan
bills in Congress could settle long-
standing issues, such as which tokens
qualify as securities and which agen-
cies should be in charge of oversight.
At stake are rules for exchanges
such as Coinbase, investment firms
like Grayscale Investments, and min-
ers such as Riot Blockchain (RIOT)
and Marathon Digital Holdings
(MARA). Token issuers and compa-
nies backing decentralized-finance
networks are on edge because they
may come under more scrutiny from
agencies empowered to carry out the
president’s orders.
At the same time, crypto’s critics
see the regulatory momentum as a
Pyrrhic victory. Some consumer advo-
cates view the White House’s initia-
tives as a back door for crypto to
deepen its ties to the financial system.
And they worry that more regulation
will only expand the appeal to retail
investors, paving the way for more
investors to lose money in tokens and
crypto-related companies.
“Now, you can have a crash where
trillions of dollars vanish in months
but the systemic implications are
zero,” says Dennis Kelleher, CEO of
Better Markets, a Wall Street watch-
dog that has become a big crypto
critic. “That won’t happen if the in-
dustry is connected to the core of the
banking and financial system.”
The White House climate report on
crypto illustrates the administration’s
hurdles. Mining operations, running
September 19, 2022
computers 24/7, consume up to 1.7%
of U.S. electricity, while crypto activity
overall pumps up to 0.8% of U.S.-
based greenhouse-gas emissions into
the atmosphere, the report says. None
of that is compatible with the adminis-
tration’s goals of cutting emissions by
up to 52% by 2030.
So, what to do about it? The White
House floated several actions the EPA
and Energy Department could take.
The most draconian would ban proof-
of-work mining—the process the Bit-
coin network uses. Other major block-
chains, such as Ethereum, have
switched to less energy-intensive sys-
tems, making Bitcoin an outlier.
But a mining ban is also the least
realistic solution; mining would sim-
ply shift to other countries. And a
potential ban already has the industry
vowing legal challenges. “The White
House is on questionable legal ground
if they were to ever attempt to ban
Bitcoin mining,” tweeted Lee Bratcher,
president of the Texas Blockchain
Council, a trade group representing
crypto-mining interests in the state.
That’s just a small facet of the ad-
ministration’s challenges. Friday’s
reports detailed crypto’s threats to
“ It’s clear consumers, financial stability, and the
that there’s a tools the government uses to combat
illicit finance. One report even said the
lot of work Department of Labor should investi-
the Biden gate the fiduciary conduct of 401(k)-
administration plan sponsors that offer crypto as an
investment—a swipe at Fidelity In-
wants to do.” vestments, which aims to offer Bitcoin
Owen Tedford in retirement plans it administers.
Fidelity said it views its crypto prod-
uct “as a responsible solution to meet
the demands of mainstream interest.”
For many crypto companies, regu-
lation is now viewed as a necessity.
Crypto emerged among libertarians
averse to government intervention;
many proclaimed blockchain technol-
ogy resistant to “censorship” and
other forms of control. Yet the bulk of
its financing now comes from venture
capital and banks that believe regula-
tion will bolster crypto valuations.
Oversight is inevitable, given the size
Illustration by Barron’s Staff; Dreamstime (2)
of the token market, at $1 trillion, and
economic interests in crypto from
Wall Street to Silicon Valley.
The industry has built a powerful
lobbying force and is flooding pro-
crypto candidates with contributions.
The Blockchain Association, a trade
group, unveiled a new political-action
committee this past week. Coinbase
CEO Brian Armstrong also said this
past week that the company had inte-
September 19, 2022 BARRON’S 17

grated “crypto policy efforts right into

our app,” including ratings for politi-
cians on a crypto-friendliness scale.
Though his political concerns go be-
yond crypto, FTX founder Sam Bank-
man-Fried said recently that he could
spend $1 billion on the 2024 election.
The industry sees Congress as the
key to winning favorable rules. That’s
in part because it will likely require a

WHERE
law to settle perhaps the most conten-
tious issue: which tokens should fall VOLATILITY
under oversight of the SEC.

RISK MEETS
SEC Chair Gary Gensler, who has
brought several enforcement actions
against crypto companies, said in a

OPPORTUNITY
Senate Banking hearing Thursday
that he believes the “vast majority” of
UNCERTAINTY
tokens are securities under the
agency’s jurisdiction and that ex-
changes ought to be registered.
But putting the SEC in charge of Whatever the conditions, CME Group provides
crypto is far from a done deal. The
Senate agriculture committee is con-
the tools that global market participants need
sidering a bill that would put the bulk to manage risk and capture opportunities.
of crypto under the watch of the
CFTC, which the industry sees as a With 24-hour access to trading in futures,
lighter regulator. Crypto backers im- options, cash and OTC across all major asset
plored the committee this week to add
provisions to the law that would define classes, you can determine your best position
most cryptos as commodities, which
would take away much of the SEC’s and take action at just the right moment.
enforcement and rule-making power.
With the November midterm elec-
tions looming, the bill has little time to
VISIT CMEGROUP.COM/OPPORTUNITY
become law this year. But the industry
thinks it could advance in 2023, no
matter which party controls Congress.
“The agencies have done about all
they can, and we really need Congress
to step in,” says Blockchain Associa-
tion executive director Kristin Smith.
POSITION
While regulatory momentum
builds, investors in crypto stocks have
STRATEGY
more immediate worries. Bitcoin is
trading just below $20,000, down
72% from its November high. Mining
companies may be less worried about
a ban on their operations than staying
afloat amid a long crypto winter that
has wiped out profits and put some
miners on the brink of insolvency.
Exchanges are also ailing. Coinbase
stock is down 70% this year. “The
biggest fear for Coinbase isn’t regula- Laird Hamilton
tion, but natural causes of death: com- World-Class Big Wave Surfer
pressing fees, overhiring, and less-en-
gaged investors who got burned and
are deterred from playing again,” says
Mizuho Securities analyst Dan Dolev.
For now, the industry might just be
Derivatives are not suitable for all investors and involve the risk of losing more than the amount originally deposited and profit you
hoping to get through this downturn might have made. This communication is not a recommendation or offer to buy, sell or retain any specific investment or service.
while convincing Congress to protect Copyright ©2021 CME Group Inc. All rights reserved.
it from a regulatory wave that the
White House is trying to build. B
18 BARRON’S September 19, 2022

ing tiers and cable. broadcast and cable, or to FAST,

Yet, if the television industry is which stands for free ad-supported

Next on Netflix:
successful, it could not only rekindle
growth, but also pull back power that
has been lost to the closed-off adver-
tising economies of Google and Face-
book.
streaming television. FAST services
skimp on content costs and pack in
the ads, but users can’t beat the price.
Paramount Global (PARA) owns the
FAST service Pluto TV; Comcast

Strange Things,
“Connected television is what will
bring down the walls of walled gar-
dens,” says Jeff Green, founder and
CEO of Trade Desk (TTD), which
competes with Alphabet as an ad-buy-
(CMCSA) has Xumo; and Fox (FOX)
has Tubi.
The better-known streaming ser-
vices, where users pay subscriptions
to start shows when they want, are

Also Known as Ads

Ads on new, cheaper tiers of Netflix and Disney+
pose competition for tech giants Google and Facebook,
but will they boost the stocks? A look at potential
winners and losers as the streaming battle heats up.
ing platform and has partnered with
Disney in streaming advertising. He
means that streaming can match the
targeting power of online search and
social media while making the emo-
tional connection of video. “A banner
ad has never made you cry,” he says.
BY JACK HOUGH
Trade Desk is poised to be a winner
as more advertising dollars flow to
streaming.
Microsoft (MSFT), a rising ad
player, should benefit, as well. Roku
(ROKU) could have better odds than
its collapsed stock price suggests. Walt
Disney (DIS) and Warner Bros. Dis-
covery (WBD) will benefit from rich
content engines. Netflix, meanwhile,
faces plenty of risk. And across the
industry, more consolidation appears
inevitable.
Advertising already abounds on
streaming. What is changing now is
the scale. Netflix dominates viewer-
ship. Its users took in 1.3 trillion min-
utes of content during the most recent
TV season, roughly from late last Sep-
tember to early May, according to
Nielsen data by way of BofA Securi-
ties. That’s nearly double the atten-
tion paid over the same period to
CBS, the ratings leader in traditional
TV, and five times that of the next-
biggest streamer, Disney+.
Netflix just moved up the launch of
its ad-supported service to November
to beat Disney+ on Dec. 8. That means
it will want to lock in advertisers by
called SVODs, for subscription video
on demand. When the cost is subsi-
dized with ads, like the new Netflix
and Disney+ tiers, they’re called
AVODs. Some FASTs dabble in
AVOD, and vice versa, and both ser-
vices compete for the same ad bud-
gets.
That’s the taxonomy. Here’s the
moneymaking: Ad revenue is deter-
mined by ad load, audience size, and
CPM, or cost per mille, which is Latin
for thousand, and refers to the price of
reaching that many screens. Ads are
sold ahead of time during so-called
upfront negotiations in late spring and
early summer, and last-minute in
what’s called the scatter market. TV
companies use a carrot-and-stick ap-
proach to get early commitments, of-
fering choice spots during upfronts,
and warning of higher rates for those
who wait for scatter.
To sum up the current state of TV
advertising, upfronts were solid this
year, but scatter has turned choppy.
Also, to date, streaming has made
most of its advertising inroads in scat-
ter, whereas traditional television still
rules the upfronts. That’s bound to
change.
Now for the question that matters
most: Where will CPMs come in for
Netflix? If they’re high, it could pro-
vide cover for the entire industry to
prosper. If they’re low, Netflix will
need a hefty ad load in a hurry, and it

Illustration by Barron’s Staff; Alamy (5); Netflix (2); Disney+ (2)

the end of this month. It’s expected to still might not make up for customers
start at an “ad load” of four minutes who trade down from full-price sub-
per content hour. scriptions. The whisper number is
Jessica Reif Ehrlich, a media ana- that the company is looking for $65.

“W
e’ll be right
back after
these mes-
sages.” The
age-old com-
mercial lead-in takes on new meaning
at a time when a bounceback for Net-
flix and Walt Disney shares rests on
the coming launch of ad-supported
tiers for the two streaming leaders.
For Netflix (ticker: NFLX), the goal
is to reverse subscriber losses with
cheaper plans. For Disney+, it’s to off-
set a recent acceleration in cable cord-
cutting. Barron’s laid out those con-
cerns in a March cover story.
Much could go wrong in the near
term for these companies and their
rivals. A glut of advertising slots
could push industry prices lower,
especially if the economy weakens.
Too many ads per hour could frus-
trate viewers. Too few could acceler-
ate defections from full-price stream-
lyst at BofA, predicts what she calls
silent price hikes in the form of a
quick rise in ads for each hour.
“There’s no way it’s going to stay at
three, four, five minutes,” she says.
“Hopefully it won’t be what we see on
linear, which is unbearable.”
The TV business is packed with
jargon. Here’s a quick glossary for
investors. Linear means that movies
and shows run at scheduled times,
and can refer to either old-fashioned
Some on Wall Street are whispering
back: “Good luck.”
Hulu is a veteran at selling stream-
ing ads, and gets CPMs that are esti-
mated in the $20s and low $30s. (Dis-
ney owns two-thirds of Hulu and will
likely buy the rest from Comcast in
2024.) HBO Max is a top CPM draw,
with rates pegged in the $40s. Nat
Schindler, BofA’s Netflix analyst, who
is bearish on the stock, expects CPMs
of $20 to $40. In one recent analysis,
September 19, 2022
he calculated that Netflix could need
$3.8 billion in yearly advertising reve-
nue to make up for lost subscription
fees, and will likely generate less than
$1.8 billion to start.
Tim Nollen at Macquarie Research
predicts that Netflix will secure CPMs
of $50 by next year and $60 by 2025.
By then, he sees the company bringing
in $3.6 billion in U.S. and Canada ad-
vertising revenue, and $8.5 billion
worldwide, or $2 billion more than the
company would bring in without ad-
vertising. He recently upgraded the
stock to Neutral.
Evercore ISI analyst Mark Mah-
aney upgraded Netflix to Outperform
this past week. He sees $1 billion to $2
billion in incremental revenue by
2024—and 10 million more subscrib-
ers. A recent survey of “churned” or
departed subscribers leads him to
believe that 20% of them could return
with a cheaper tier. Just how cheap it
will be isn’t yet known, but forecasts
of $7 to $9 a month are common. The
cheapest ad-free Netflix plan costs
$9.99 a month, and the most popular
one is $15.49. Disney recently priced
its ad-supported Disney+ at $7.99 a
month—the same price as the current
ad-free service, which will soon move
to $10.99.
One factor that could weigh on
Netflix’s CPMs early on is that the
company will offer little viewer infor-
mation, which might have more to do
with its abilities than privacy con-
cerns. A partnership with Microsoft
will help, eventually.
“The ink isn’t even dry on the agree-
ment,” says Ratko Vidakovic, founder
of AdProfs, an ad-technology consul-
tant. “It’s going to take a while for them
to spin up the new advertising infra-
structure that’s going to allow them to
offer more sophisticated ad targeting.”
Traditional television has limited
ability to target viewers with preci-
sion. The internet has plenty of ability,
but it has long relied on technologies
like tracking cookies that raise privacy
concerns. Apple and Alphabet have
cracked down on third-party cookies
on their devices and software, and
now advertisers are pondering a post-
cookie world.
Meanwhile, streaming services
have direct credit card relationships
with customers, giving them valuable
insights that could fetch top dollar
from advertisers. What is needed is a
way for advertisers to tailor their cam-
paigns without Netflix sharing indi-
vidual customer details or allowing
outsiders to track Netflix users to
other sites and advertise to them at
lower cost.
One answer is called a data clean
room, or software that allows collabo-
ration without oversharing. Trade
Desk is providing a data clean room
for Disney. Microsoft, which just
bought a programmatic advertising
company called Xandr from AT&T, is
believed to be doing something similar
for Netflix. Microsoft declined to com-
ment.
That could eventually make Netflix
an advertising powerhouse. But
there’s plenty of risk for investors be-
tween now and then. Free cash flow
for the company hasn’t quite turned
meaningfully and consistently posi-
tive. Content costs have soared—wit-
ness the more than $1 billion that Am-
azon.com is expected to spend on its
new series loosely related to the Lord
of the Rings books. Studios that once
licensed shows cheaply are now
hoarding them for their own stream-
ing platforms.
Netflix has lost subscribers for two
quarters running. The stock has re-
bounded 28% since the end of June in
anticipation of a return to growth,
versus 4% for the S&P 500 index.
Meanwhile, the U.S. advertising in-
dustry turned in its weakest perfor-
mance in two years in July, with
spending falling 12.7% from a year
earlier, according to research group
Standard Media Index.
Without more growth soon, inves-
tors could begin second-guessing
whether Netflix’s projected $4.5 bil-
lion in free cash flow in 2025 is worth
The Battle for Viewers—and Ad Dollars
Netflix is a clear leader as others play catch-up. Experts expect more consolidation in a crowded field.
Minutes of Content Watched (billions)
Netflix
CBS
NBC
ABC
Fox
Disney+
Amazon Prime
Video
Hulu
Apple TV+
0 500 1,000
Note: viewing data for the TV season from Sept. 20, 2021–May 8, 2022.
Sources: company reports; Nielsen; The Hollywood Reporter
BARRON’S
Studios that once licensed
shows cheaply are now
hoarding them for their
own streaming platforms.
$97 billion in stock market value to-
day. One wild card: Microsoft is be-
lieved to have offered Netflix a mini-
mum revenue guarantee of perhaps
$500 million to $1 billion to help win
its advertising business.
For the legacy players, pay-TV sub-
scriptions have fallen from a peak of
more than 100 million in 2015 to
about 82 million, and losses have
lately been accelerating. But at least
the remaining cash flows offer a
bridge until streaming pays off. Dis-
ney, with a market value of about $205
billion, could top $10 billion in free
cash flow in three years. Paramount,
valued at $15 billion, is expected to
generate at least $1 billion.
The cash cow of the group is War-
ner Bros. Discovery. It’s valued at $31
billion and is seen generating nearly
$4 billion in free cash this year and
well over $9 billion in three years.
Peacock owner Comcast earns far
more from home cable connections,
especially for broadband service, than
from show business.
There have already been two big
streaming deals this year. Discovery
completed its purchase of AT&T’s
WarnerMedia, and Amazon closed on
TV and movie studio MGM. Warner
Estimated Ad Cost per Thousand (CPM) Range
1.3 T Netflix $20 $40
Amazon
Discovery+
HBO Max
Hulu
Disney+
Peacock
Pluto TV
Roku
1,500 0 $20 $40
Sources: BofA Global Research; ad buyer estimates
19
now says it will consolidate its HBO
Max and Discovery+ streaming plat-
forms to hold down costs. Paramount
is considering the same for Showtime
and Paramount+.
This past week, activist investor
Daniel Loeb backed off his demand
that Disney sell ESPN, tweeting about
a “better understanding” of its poten-
tial. Loeb had argued that ESPN
would be worth more to a company
that would pursue gambling. Disney
CEO Bob Chapek, asked at a recent
company event whether ESPN is de-
veloping a gambling app, said, “We’re
working very hard on that.”
Ehrlich at BofA and Nollen at Mac-
quarie both favor Disney and Warner
for their mix of must-haves like storied
studios, live news, and sports rights. If
Disney’s price increase looks like a
dare for subscribers to downgrade,
there’s a good reason. “Disney will
probably make more on their AVOD
platform than the SVOD,” says Ehrlich.
Nollen is particularly bullish on
Trade Desk. “Because they’re neutral,
because they’ve got great scale, great
relationships, great ability to tie very
targeted ads into all of these services,
we think they’re going to be one of
the winners in this transition,” he
says.
Alicia Reese, a media analyst at
Wedbush, recommends former high-
flier Roku, whose stock has collapsed
by 78% in a year. It has a TV operat-
ing system that allows set owners to
search for programs across their
streaming apps, plus an AVOD called
Roku TV. The company was hit by
high exposure to the weakened scatter
market, says Reese. But the market
value is down to $9.4 billion, and the
consensus view is that free cash flow
will reach $500 million in three to
four years.
Streaming commercials could
prove effective enough to siphon
spending to TV from online display
ads in the years ahead, says Brett Gor-
don, who teaches marketing at North-
western University’s Kellogg School of
Management.
At Trade Desk, CEO Green is eye-
ing a global ad budget approaching $1
trillion. “I want as much of that as
possible,” he says. And although his
buying platform plays in websites,
apps, podcasts, and more, he makes
no secret of where he thinks the
money is headed. “Connected televi-
$60 sion,” he says, “is quickly becoming
the most effective way to advertise on
the planet at scale.” B
20
Forget China. These
Markets Are Better Bets.
Emerging markets now sell at a big discount. India, Indonesia, and Brazil
offer fast growth and attractive assets. How to invest.
BY RESHMA KAPADIA
R
ising interest rates in
the U.S. and Europe, a
strengthening dollar, and
a volatile market that
makes investors risk-
averse are usually bad
news for emerging mar-
kets. But a few of them are holding
up relatively well and poised to out-
perform developed markets.
Emerging markets have run into
trouble in the past when the Federal
BARRON’S
Reserve raised interest rates. Coun-
tries that borrowed heavily in dollars
face rising debt burdens and a weaker
currency to try to finance them. Capi-
tal tends to flee to safer shores as
yields rise elsewhere, further tighten-
ing financial conditions and exacer-
bating the pain.
That is still the reality for a handful
of troubled emerging markets, includ-
ing Turkey, Colombia, and South Af-
rica. But as Barron’s reported earlier
this year, more emerging markets this
time around are in better shape.
Strong demand for oil and metals
like copper and nickel is helping com-
modity producers, including Indone-
sia. Emerging market central bankers,
such as those in Brazil, have been ear-
lier and more proactive in fighting
inflation than the Fed. Structural
trends—including tensions between
the U.S. and China and the war in
Ukraine—benefit countries such as
India and Indonesia.
The MSCI Emerging Markets in-
dex, at 10.5 times next year’s earn-
ings, is cheaper than the 14 times it
has averaged since 2010. With the
pandemic, emerging markets have
traded at their cheapest valuation
versus developed markets since the
global financial crisis. Part of the
discount stems from the long list of
troubles plaguing China—which ac-
counts for almost a third of the MSCI
index—as it grapples with a property
slump and zero-Covid approach that
has locked down millions of people
in major cities.
Optimists hope that China will
continue to introduce more stimulus
and ease up on its Covid lockdowns
September 19, 2022
after October’s 20th Party Congress,
when top leadership is selected—
moves needed for Chinese stocks
to recover meaningfully.
But some emerging markets are
already attractive. Brazil, India, and
Indonesia are primed to outperform,
as their economic situations offer an
attractive counter to the challenges
facing the U.S. and China.
W
hile the U.S. and European
markets are just now feeling
the sting from higher prices,
Brazil ended last year as one
of the worst-performing markets as
the country battled double-digit infla-
tion. Corporate earnings took a hit.
Brazil’s central bank raised interest
rates over the past 18 months from 2%
in early 2021 to 13.75%. That has put
it far ahead of its U.S. and European
Illustration by Klawe Rzeczy
counterparts and closer to the end of
its rate hike cycle, with possible cuts
coming later this year or next.
That would set up valuations to
recover, while U.S. and European val-
uations are weighed down by rising
rates, says Todd McClone, co-manager
September 19, 2022 BARRON’S 21

of the William Blair Emerging
Markets Growth fund (ticker: WBEIX),
which has been buying more stocks
recently in Brazil.
One way to tap into Brazil’s
improving outlook is through Brazil’s
stock exchange operator, Brasil Bolsa
Balcão (B3SA3.Brazil). “As rates go
down, equities should bounce, and
there will be more secondary and
initial public offerings,” McClone says.
“Brazil is unique in that it has
a private-equity culture, so we could
get more IPOs.”
As Brazil’s outlook improves,
GQG Partners Chairman and Chief
Investment Officer Rajiv Jain favors
energy, materials, and financial
companies, including oil giant
Petrobras (PBR) and Banco
Bradesco (BBD). The bank trades at
Emerging manager of the Rondure New
World fund (RNWOX), which
Bargain is overweight Indonesia with
companies like Ace Hardware
Indonesia (ACES.Indonesia).
10.5 While Indonesia is among the best-
performing markets so far this year,
The MSCI Emerg- McClone, who has a heftier allocation
ing Markets index, to the country than peers, still sees
at 10.5 times next potential, noting that Indonesian
year’s earnings, is companies are expected to generate
cheaper than the 30% earnings growth in the coming
14 times it has year. McClone’s fund owns companies
averaged since such as Bank Rakyat Indonesia
2010. (BKRKY), a microfinance lender with
a 30% return on equity, and United
Tractors (UNTR.Indonesia), which
sells equipment for coal mining,
which is seeing increased demand
in the wake of disruptions created
by the war in Ukraine.
investors have been net buyers of
stocks in India in recent months.
While China is struggling to get out
of its economic rut, India is emerging
from a decadelong malaise, following
years of tackling a debt crisis and
short-term pain from major structural
reforms—among them tax reform and
demonetization, which invalidated
85% of the currency in circulation
overnight in 2016 in a bid to crack
down on tax evasion and corruption.
India’s corporate and bank balance
sheets are in their healthiest condition
in almost a decade. The changes that
took a while to digest are now collec-
tively “repowering India,” says Justin
Leverenz, manager of the Invesco
Developing Markets fund, which has
a fifth of its portfolio in India.
He points to a wave of digitization
emerging markets. It is also an energy
importer, needing roughly 1.1 billion
barrels of oil a year. While energy
prices have eased off their highs,
McClone says a $10 increase in oil
prices would hurt its fiscal situation
and hamper its expected economic
growth, which the International
Monetary Fund forecast at 7.4%
economic growth this year.
While roughly 5% of its energy
needs came from Russia before the
war in Ukraine, that has climbed to
20%—and that oil is priced at roughly
a 20% discount, McClone says. Policy
makers are also helping to buffer its
currency by tapping $50 billion of its
reserves. Further weakness is a risk,
but India still has roughly $560
billion in its reserves.

I
6.6 times 2023 earnings and generates Indonesia and India are also well and formalization of swaths of India’s ndia, Indonesia, and Brazil
a 16% return on equity. Jain thinks it positioned to take market share in the informal economy. India is also at the combined account for less than a
can pay more than a 7% dividend yield. global supply chain from China as cusp of a housing and credit growth quarter of the broader emerging
“There’s a fear of nonperforming U.S.-China tensions increase and recovery—a marked contrast to China, markets index. Some active funds
loans because of higher rates, but [the companies look to diversify produc- which is reeling from a property have higher allocations, including
sector] is not coming from a period of tion, especially in areas like tech- market bust. Jain’s GQG Partners Emerging
crazy lending in this cycle like it did nology, medical equipment, and high- William Blair’s McClone is finding Markets Equity fund (GQGPX),
in 2013 to 2014,” Jain says. Such loans end manufacturing. opportunities in HDFC Bank (HDB), which has a quarter of assets in
“will rise but not spike,” he predicts. which he describes as the JPMorgan India, 18% in Brazil, and almost 2%

Brazil’s presidential election in
October could inject volatility. The
leftist candidate, former president
Luiz Inácio Lula da Silva, is expected
to edge out President Jair Bolsonaro.
At current prices, the market is
already bracing for a Lula victory.
An upset by Bolsonaro would offer
markets a boost, McClone says.
Longer term, the country stands
to benefit from the energy transition.
Brazil is known as a major oil
producer. More surprising is that
roughly 85% of its installed power-
generation capacity is renewable,
including hydro and wind—the
highest of the Group of 20 nations,
according to TS Lombard.
I
f there’s an emerging market that
fund managers see as taking
China’s role in the asset class, it is
India, which Capital Economics
says is on track to becoming the world’s
third-largest economy by 2030. Foreign
Recovery Plays
These funds and stocks offer exposure to growth in India, Indonesia, and Brazil.
Fund / Ticker AUM (mil)
Rondure New World / RNWOX $215
William Blair Emerging Markets Growth / WBEIX 679
GQG Partners Emerging Markets Equity / GQGPX 10,100
Fidelity Emerging Markets Discovery / FEDAX 433
Chase of India, as well as tile company
Kajaria Ceramics (KJC.India) and
property developers including Oberoi
Realty (OBER.India), which is well
positioned for a housing recovery.
India is one of the pricier parts of
Comment
Run by value-oriented manager, the fund has 17%
in India, 3% in Brazil, and 7.6% in Indonesia.
The fund has 21% allocated in India, 6% in Indonesia,
and 5.6% in Brazil.
Run by veteran global manager, the fund has 26% in
India, 18% in Brazil, and 1.8% in Indonesia.
The fund has 19% in India, 9% in Brazil, and 5% in
in Indonesia. McClone’s William
Blair Emerging Markets Growth fund
has 21% in India, 6% in Indonesia,
and 5.6% in Brazil.
Other funds with strong track
records and bigger exposure to at least
two of the three markets include
Rondure New World, which has 17%
allocated in India, 8% in Indonesia,
and 3% in Brazil, and Touchstone
Sands Capital Emerging Markets
Growth (TSMGX), which has 11%
allocated in Brazil, almost 31% in India,
and 3% in Indonesia. Fidelity Emerg-
ing Markets Discovery (FEDAX) has
about 9% allocated in Brazil, 19% in
India, and 4.5% in Indonesia,
according to Morningstar Direct.
Given the sharp moves in cur-

I
ndonesia is also well positioned
for strong commodity demand,
especially as countries scramble
for alternatives to Russia’s nickel
and oil. Demand for its metals and
palm oil has contributed to a record
current-account surplus, helping to
keep the rupiah relatively strong. Its
resources position it well for the long
term, with many of them needed for
green-energy products.
The short-run bull case for
Indonesia is that the economy is
reopening as Covid restrictions are
eased. Retailers are in the sweet spot
for a recovery, says Laura Geritz, co-
Touchstone Sands Capital Emerging
Markets Growth / TSMGX
Source: Morningstar
Company / Ticker
HDFC Bank / HDB
Petrobras / PBR
Bank Rakyat Indonesia / BKRKY
Banco Bradesco / BBD
Brasil Bolsa Balcão / B3SA3.Brazil
E=estimate
Indonesia.
rencies, with the yen and euro falling
2,700 The fund has almost a third allocated in India, 11% in
to multidecade lows versus the dollar,
Brazil, and almost 3% in Indonesia.
Jain says he sees more macroeconomic
risk in developed markets like Japan
Recent Price Market Value (bil) 2023E P/E Comment and Europe that are grappling with
$65.25 $121.1 19.2 Well-run Indian bank that should reap high levels of leverage, less fiscal
benefits of improving economy discipline, and anemic growth
13.24 82.3 2.7 State-owned oil giant benefiting from prospects than emerging markets
strong demand for energy like India, Indonesia, and Brazil.
14.92 45.1 12.6 Well-run Indonesian bank that has a strong While emerging markets are far
microfinance business from immune to the jitters hitting the
3.71 36.2 6.6 Strong Brazilian bank with 16% return on U.S. and other markets, some of these
equity countries are going against the trends
BRL12.88 14.1 16.0 Stock exchange that should benefit as playing out in the U.S. and Europe.
markets recover and IPO activity picks up That is a good reason to take a closer
Source: Bloomberg look. B
 22
Amerco: Invisible
Stock, Familiar Brand
U-Haul’s parent has thriving truck-rental and self-storage operations,
but its shares are sputtering. Why they could move up by 50% or more.
BY ANDREW BARY
F
ew companies are as domi-
nant as U-Haul, which is
virtually synonymous with
rental trucks used by do-it-
yourself movers. And few
companies are as anonymous
as Amerco, U-Haul’s parent.
But if investors look at Amerco
closely, they’ll find a lot to like. U-Haul
has a nearly impregnable market posi-
Images/Universal Images Group via Getty Images
tion, with nearly 10 times the number
of rental locations as Penske, one of its
top rivals. Amerco also has quietly built
a large self-storage business to comple-
ment its rental operations, and that
value doesn’t appear to be reflected in
its stock price. Amerco shares (ticker:
UHAL), which are off 29% this year to
$515, look inexpensive, fetching just
nine times the earnings of $57 a share
in its fiscal year that ended in March.
Amerco, however, can’t get Wall
Street’s attention. There are no profit
estimates for the current fiscal year
because there is virtually no analyst
coverage of the stock, despite its $10
billion market value.
The company, led by its strong-
willed chairman and president, Joe
Shoen, doesn’t cater to the investment
community. It pays a minuscule,
sub-1% dividend, doesn’t buy back
stock, provides limited financial dis-
closure, and refuses to change its non-
descript name to U-Haul, which could
raise its profile.
No one can force any changes. The
Shoen family controls the company,
owning more than half of the stock.
A trust controlled by Joe Shoen and
his brother Mark owns a 43% stake.
Amerco fans say that, capital manage-
ment aside, Joe Shoen, 73, has ably
managed a great business over more
than 35 years at the helm. A cost-
conscious leader, he earned $1 million
BARRON’S
last year, modest by CEO standards.
“Amerco is one of the great busi-
nesses that is completely unknown on
Wall Street. The brand is ubiquitous,”
says Steve Galbraith, chief investment
officer at Kindred Capital Advisors, a
Norwalk, Conn., investment manager
that owns the stock. He thinks the
shares are worth 50% more than their
current price—not outlandish, given
that they peaked last November at $769.
Others are even more bullish.
“Amerco should trade slightly above
the market multiple, given the consis-
tency of the business and how little
competition it has,” says Bill Smead,
co-manager of the Smead Value
fund (SMVLX). At a market multiple,
the stock would trade near $1,000.
It’s hard to overstate just how domi-
nant U-Haul is. The company says that
one in five Americans move each year
and that 75% of moves are “do-it-your-
self.” There are no data on truck-rental
market share, but it’s believed that U-
Haul has more than 50%. Rivals in-
clude Penske and Avis Budget Group
(CAR). U-Haul rents trucks and trail-
ers (which are towed behind vehicles)
at more than 23,000 U.S. locations.
U-Haul does little advertising, in
large part because its trucks and trail-
ers are rolling billboards for its ser-
vices. It prices rentals on local demand.
Reflecting the migration from Califor-
nia, a three-day truck rental from Los
Angeles to Phoenix later this month
costs $566, while the reverse trip is only
$199. All told, the truck-rental business’
revenue has grown at a 9% annual rate
over the past decade.
The company U-Haul’s self-storage business
spends little on ads
because its trucks also is impressive. The industry has
and trailers are exploded in the past decade, and lead-
rolling billboards
for its services.
ers like Public Storage (PSA) have
generated outsize returns. “The
American public’s ability to accumu-
Amerco / UHAL
Truck rental and self storage
Recent Price: $515.24 UHAL(Nasdaq)
YTD Change: -28.9% $800
2022 EPS: $57.29
700
2022 P/E: 9.0
2022 Revenue (bil)): $5.7 600
Market Value (bil): $10.1
Net Debt (bil): $3.4 500
Dividend Yield: 0.3%
400
2022 Stock Buybacks:
None 300
Key Shareholders: Joe
and Mark Shoen (43%) 200
2020 ’21 ’22
Note: 2022 data for fiscal year ended March
Sources: Bloomberg; company reports; FacSet
September 19, 2022
late junk is unbelievable, and people
are incredibly bad about purging,”
Smead says.
Sales from U-Haul’s storage opera-
tion have grown at a 16.5% clip over the
past decade; its footprint has quadru-
pled to about 50 million square feet.
Amerco has been building self-storage
facilities at most of its more than 2,000
company-owned rental sites because
people often find that they have un-
needed stuff when they move. The com-
pany spent $1 billion on the business in
its fiscal 2022.
Based on the valuations of compa-
nies like Life Storage (LSI), Galbraith
thinks U-Haul’s self-storage unit,
which generates about $700 million
in annual revenue, could be worth
most of Amerco’s market value. So,
investors aren’t paying much for the
truck-rental operation, which pro-
duces most of its $5.7 billion in annual
sales. Given the strength of Amerco’s
business, Galbraith and Smead believe
that, if the Shoen family ever wants to
sell, Berkshire Hathaway (BRK.A)
would be an interested buyer.
After net income nearly doubled in
fiscal 2022, to $1.1 billion, some inves-
tors wondered if Amerco was “over-
earning.” But profits in the June quar-
ter, at $17 a share, were little changed
from the year-earlier level. One inves-
tor beef is Amerco’s refusal to offer a
regular dividend, which Galbraith says
limits its pool of potential investors.
He thinks it can afford to pay out $10
annually—a 2% yield. Its periodic
dividends—characterized as specials—
totaled just $1.50 in the past year.
Craig Inman, a portfolio manager at
Artisan Partners, praises Shoen and
his team, but also thinks Amerco
should boost its payout. One option
would be a mix of a regular dividend
and a variable one tied to profits–a
combination becoming more common.
On conference calls, Shoen has been
noncommittal on dividends. As for
repurchasing stock, he told Barron’s in
an email, “While there are economic
calculations that support a buyback,
our general attitude is to reinvest in the
business so that we can better serve
customers.” Asked about the gap be-
tween Amerco’s intrinsic value and
stock price, Shoen replied, “There is no
action that is off the table. I believe we
can do better to communicate with
investors and are attempting to do so.”
Shareholders might politely ap-
plaud that effort. But buybacks and
fatter dividends probably would get
a standing ovation. B
September 19, 2022 BARRON’S 23

FUND PROFILE Talking With Amy Zhang

Portfolio Manager, Alger Mid Cap Focus

A Relentless
Focus on
Growth
BY DEBBIE CARLSON

M
id-cap companies are usually defined as
having a market capitalization of $2 billion
to $10 billion, but Amy Zhang prefers to
measure by revenue instead.
As the portfolio manager of the $475
million Alger Mid Cap Focus fund (ticker:
AFOZX), Zhang looks for smaller mid-cap
companies—those with revenue of $500 million to $1
billion—that generate strong free cash flow and operate in
a field large enough to allow them to take market share.
That enables shareholders to benefit from compounding
as the company grows. “To use a baseball analogy, these
companies are in the third or fourth inning,” she says.
A no-load fund, Mid Cap Focus’ three-year annual-
ized return of 14.9% puts it in the top 10% of its peers,
handily beating the mid-cap growth category and the
Russell Midcap Growth index, net of the 0.68% annual
fee. It is sold largely through financial advisors and has
an investment minimum of $500,000. Mid Cap Focus A
shares (ALOAX), which are the same investment, are
now available for a $1,000 minimum and a 0.96% fee at
brokerages such as Charles Schwab and Fidelity. There
is a 5.25% initial fee.
The fund has lagged behind the index in the past year,
as value stocks have held up better in a down market than
growth stocks. But Zhang is sticking to her guns, buying
beaten-up tech stocks that she regards as bargains.
Her differentiated investing approach comes from 20
years of managing both small- and mid-cap growth strat-
egies, including 13 years co-managing the Morningstar
gold-medalist Brown Capital Management Small
Company fund (BCSIX). She joined Alger in 2015 to
launch Alger Small Cap Focus (AGOZX), and in 2019
launched the four-star, Morningstar silver-medalist Mid
Cap Focus fund.
Zhang seeks firms with business models that produce

Photograph by CLARK HODGIN

24 BARRON’S September 19, 2022

durable revenue growth with earnings visi-

bility, such as subscription models or com-
nology versus peers and the index this year.
Zhang describes it as an opportunistic move
Scoreboard: Hot and High
panies that supply critical components. She as she looks to “find the gems in the rubble” Still-hot inflation meant another ugly week for stocks, with the S&P 500 off 2.62% and real-estate
wants firms that can grab share and main- of this year’s tech selloff. She says several funds, exposed to higher rates, off 4.48%.Bonds were also down. A haven: energy MLPs, up 1.94%.
tain an advantage with time-saving or tech firms remain high-quality companies as One Week Year-to-Date
problem-solving products. their multiples contracted. U.S. STOCK FUNDS – 1.94% – 18.30%
TOP SECTOR / Energy MLP Funds 1.94 25.63
“These firms are valuable and differenti- One of the companies Zhang bought BOTTOM SECTOR / Real Estate Funds – 4.48 – 20.79
ated; they can have pricing power, which during the tech rout earlier this year was S&P 500 – 2.62 – 18.15
is very fitting in this market,” she says. CrowdStrike Holdings (CRWD), re- U.S. BOND FUNDS – 0.62 – 9.22
Bloomberg Barclays AGG Bond – 0.97 – 11.71
Strong managers are key, and Zhang establishing a position in the cybersecu-
looks for a “sort of yin and yang,” meaning rity firm after taking profits in late 2021. The Week's Top 25
firms that have a visionary CEO and a chief The first-quarter tech selloff made the Fund Investment Objective One Week Year-to-Date
Am Beacon ARK TI Y / ADNYX GL Science/Tech 4.66% – 52.7%
financial officer focused on profitability, to firm attractive again from a long-term Rydex Energy Svcs Inv / RYVIX Natural Resources 3.36 21.3
balance growth and profitability. She shies perspective, she says. Morg Stan I Gl End I / MSJIX GL Sm/Mid-Cap 3.31 – 55.0
Eagle MLP Strategy I / EGLIX Energy MLP Funds 3.06 31.7
away from companies that aren’t focused She considers CrowdStrike an emerging
Quantified Pat Recog Inv / QSPMX Specialty Dvsfd Eq 2.95 – 19.6
or don’t have an efficient sales strategy. leader in the enterprise endpoint security Catalyst Energy Infr I / MLXIX Energy MLP Funds 2.90 33.2
Mid Cap Focus is a high-concentration market, an end-user device security sys- CBOE V Bitcoin SMV Inv / BTCLX Flexible Portfolio 2.84 – 42.3
WP Sm Co Inc+ Inst / WPSMX Equity Income 2.75 – 45.7
portfolio of about 50 names, and Zhang pre- tem. CrowdStrike is taking market share Invesco SP MLP A+ A / MLPLX Energy MLP Funds 2.72 40.5
fers to hold companies for three to five years, from companies such as Qualcomm Goldman Enrgy Inf P / GAMPX Energy MLP Funds 2.71 24.1
using intrinsic value as one reason to buy or (QCOM) and McAfee, she says. The Tortoise MLP&Pipe Inst / TORIX Energy MLP Funds 2.70 26.0
Cavanal Hill Wld En Inst / AIWEX GL Natural Resourc 2.68 31.0
sell. The three years since she launched Mid- cloud-based system is different than com- Morg Stan Insight A / CPOAX Multi-Cap Growth 2.62 – 49.5
Cap Focus have been volatile, leading to sig- petitors’ offerings, since once customers MainStay Cushing MLP I / CSHZX Energy MLP Funds 2.56 27.0
Jacob Small Cap Gro Inst / JSIGX Small-Cap Growth 2.54 – 43.5
nificantly more turnover than she’d like—as buy the system they often add additional Smead Intl Value I1 / SVXFX Intl Large-Cap Value 2.52 NA
much as 250% last year. services, creating durable revenue Footprints Discover Val / DVALX Flexible Portfolio 2.50 – 25.8
After Mid Cap Focus returned nearly streams. “It’s both a high-unit-growth and Fidelity Sel Energy / FSENX Natural Resources 2.46 49.9
Fidelity Adv Energy I / FANIX Natural Resources 2.45 49.5
85% in 2020, she sold several highflying expansion-of-wallet share,” she says. PGIM Jenn MLP Z / PRPZX Energy MLP Funds 2.44 23.1
names, including user-authentication com- Another recent tech addition is payroll- Goldman MLP En Infr P / GMNPX Energy MLP Funds 2.40 26.1
Hennessy Ener Trans Inst / HNRIX Natural Resources 2.35 40.3
pany Okta (OKTA) and videoconferencing service provider Paylocity Holding ProFunds Btcn Str PF Inv / BTCFX Alt Currency Strat 2.32 – 58.1
firm Zoom Video Communications (ZM), (PCTY). It competes against the likes of Au- Third Avenue Value Inst / TAVFX GL Sm/Mid-Cap 2.30 3.7
noting that “they really overshot their valua- tomatic Data Processing (ADP) and Pay- Invesco Energy A / IENAX Natural Resources 2.29 42.5

tions.” Mounting inflation and the Federal chex (PAYX) and currently has about The Week's Bottom 10
Reserve’s interest-rate-raising campaign 33,000 customers—compared with one mil- Fund Investment Objective One Week Year-to-Date
prompted other sales. lion combined for ADP and Paychex, she PSI Strategic Growth A / FXSAX Mix Tgt All Gro – 7.73% – 29.3%
Quantified STF Inv / QSTFX Flexible Portfolio – 7.69 – 43.4
The current market cycle favoring value notes. It is also expanding into human-capi- Voya Russia A / LETRX Emerging Markets – 7.50 – 92.6
is hitting Mid Cap Focus’ year-to-date and tal management. Zhang hopes that Paylocity DoubleLine Real Est In I / DBRIX Real Estate – 5.39 – 23.4
one-year returns, down 28% and 33%, can be a long-term compounder, noting that Morg Stan US Focus RE I / MAAWX Real Estate – 5.34 – 21.9
Invesco Real Estate A / IARAX Real Estate – 5.33 – 19.3
respectively. The fund is in the bottom 10% it increased business during the pandemic. Goldman Real Estate P / GMJPX Real Estate – 5.25 – 22.3
versus peers and is lagging behind the index. A number of the companies that Mid Amer Cent Real Est Inv / REACX Real Estate – 5.23 – 20.2
Sterling Cap Rl Est Inst / STMDX Real Estate – 5.19 – 21.7
Another reason for the fund’s weak Cap Focus owns have pricing power, which TIAA-CREF Real Est Inst / TIREX Real Estate – 5.12 – 24.0
performance is a slight overweight in tech- should mitigate inflation pressure. One ex-
The Largest 25
ample is Heico (HEI), a company with two
Assets 3-Year* 1-Week YTD
business units: a replacement-parts supplier Fund Investment (billions) Objective Return Return Return
Alger Mid Cap Focus for aircraft, and one for electronics for niche American Funds Gro A / AGTHX $104.7 Large-Cap Growth 10.0% – 1.34% – 25.8%
Total Return applications in aerospace and defense. As a Vanguard Wellington Adm / VWENX 92.7 Mix Tgt All Gro 5.8 – 1.71 – 14.9
YTD 1-Yr 3-Yr Federal Aviation Administration–approved American Funds Bal A / ABALX 92.1 Mix Tgt All Gro 5.4 – 1.56 – 13.5
Fidelity Contrafund / FCNTX 90.1 Large-Cap Growth 9.8 – 2.77 – 26.1
AFOZX -27.6% -32.8% 14.9% third-party parts supplier, Heico makes Dodge & Cox Stck I / DODGX Multi-Cap Value 11.1 – 1.29 – 10.0
80.1
Mid-Cap Growth Category -20.9 -21.3 9.5 parts 20% to 40% cheaper than original- Vanguard Tgt Ret2030 Inv / VTHRX 78.0 Mix-Asst Targ 2030 3.9 – 1.26 – 16.5
equipment manufacturers and is the largest Vanguard Tgt Ret2035 Inv / VTTHX 76.2 Mixed-Asset Target 2035 4.6 – 1.35 – 17.0
Top 10 Holdings in its category. FAA-approved aftermarket- American Funds Inc A / AMECX 76.1 Mix Tgt All Mod 5.5 – 1.24 – 9.5
Company / Ticker Weighting
parts suppliers represent only 3% to 4% of Vanguard Tgt Ret2025 Inv / VTTVX 75.1 Mixed-Asset Target 2025 3.3 – 1.15 – 15.6
Natera / NTRA 4.2% American Funds Wash A / AWSHX 69.5 Large-Cap Value 9.2 – 2.02 – 12.1
the commercial aerospace aftermarket, pro-
PIMCO Income Inst / PIMIX 69.0 Multi-Sector Inc 0.8 – 0.82 – 8.1
Constellation Energy / CEG 3.9 viding a long runway for growth, she says. Fidelity SA US Tot Stk / FCTDX 66.1 Multi-Cap Core 10.9 – 2.44 – 17.9
Insulet / PODD 3.4 After the volatility of recent years, Zhang Vanguard Tgt Ret2040 Inv / VFORX 65.7 Mixed-Asset Target 2040 5.2 – 1.39 – 17.5
Avantor / AVTR 3.2 feels the portfolio is set up well. The compa- American Funds ICA A / AIVSX 65.6 Large-Cap Core 8.4 – 2.08 – 17.7

Everbridge / EVBG 3.1

nies she owns have strong balance sheets American Funds EuPc R6 / RERGX 65.4 Intl Large-Cap Growth 1.3 – 0.79 – 26.3
and little need to tap capital markets for Vanguard Tgt Ret2045 Inv / VTIVX 61.0 Mixed-Asset Target 2045 5.9 – 1.44 – 18.0
Palo Alto Networks / PANW 2.8 American Funds CIB A / CAIBX 60.5 Global Equity Income 3.8 – 1.09 – 10.6
funding, shielding them from higher rates.
Bentley Systems / BSY 2.8 Dodge & Cox Income I / DODIX 58.0 Core Bond – 0.6 – 0.80 – 10.7
“I feel very good about the next one to American Funds FInv A / ANCFX Large-Cap Core 7.9 – 2.06 – 18.4
56.3
Diamondback Energy / FANG 2.8 three-plus years. I think most of the bad Vanguard PRIMECAP Adm / VPMAX 56.1 Large-Cap Core 9.2 – 2.62 – 17.2
KLA / KLAC 2.8 news regarding rates are priced in,” she Fidelity SA Core Inc / FIWGX 54.3 General Bond – 0.8 – 0.79 – 12.0

Alteryx / AYX 2.7 says. “Even smaller companies can grow in Fidelity Str Adv LgCp / FALCX 51.7 Large-Cap Core 0 – 2.38 – 17.0
a rising-rate environment, when you have Vanguard Div Gro Inv / VDIGX 51.6 Equity Income 9.8 – 2.42 – 9.8
Total 31.7% the strong balance sheets where you can be American Funds NPer A / ANWPX 49.4 Global Large-Cap Growth 8.5 – 1.51 – 25.4
Note: Holdings as of Aug. 31. Returns through Sept.12; three-year Vanguard Tgt Ret2050 Inv / VFIFX 48.8 Mix-Asst Targ 2050 6.0 – 1.49 – 18.1
returns are annualized. self-funded and you have some truly idio-
Sources: Morningstar; Alger
syncratic drivers.” B *Annualized 09/11/2019 to 09/15/2022. Through Thursday. Source: Lipper
September 19, 2022
I N C O M E I N V E ST I N G
Short-Term Bonds
Yield 4%. Why They
Could Beat Cash.
U
ntil recently, short-
term bonds were a
yield wasteland: A
two-year Treasury
note yielded 0.21% a
year ago and just 1%
in January. Today,
the yield is around 3.9% and could
soon touch 4%, thanks in good mea-
sure to the Federal Reserve’s aggres-
sive interest-rate-hiking campaign.
The Fed’s work—trying to cool
down the economy and tame persis-
tently high inflation—isn’t close to
finishing. Rates are expected to keep
rising into early 2023. Typically, that
would pressure bond prices, which
move inversely to yields.
But this could be a good entry point
for short-term bonds: They may not
fall much more, and yields are now
high enough to withstand some price
pressure. “We are actually comfort-
able owning the front end of the yield
curve here,” says Bob Miller, head of
Americas fundamental fixed income
at BlackRock.
Granted, this a wacky time for
bonds. The yield curve is now in-
verted: Most short-term bonds yield
more than long-term notes, such as
the 30-year Treasury at 3.47%. The
upshot is that investors aren’t being
compensated for holding long-term
bonds. Quite the contrary: Yields are
lower, and duration risk—or sensitiv-
ity to rates—is higher at the long end.
Short-term funds have racked up
losses this year. The iShares 1-3 Year
Treasury Bond exchange-traded
fund (ticker: SHY), a proxy for Trea-
suries, is down 3.85%, after interest.
Yet some analysts think that short-
BARRON’S
term yields may now be close to pric-
ing in the remainder of the Fed’s rate
increases. With yields at nearly 4%,
there’s far more of an income cushion
against price declines. Investors may
also scoop up a bit more income than
with cash proxies like money-market
funds, now yielding about 2%.
“When you have a 3.75% yield,
By Lawrence C. that’s much more manageable,” says
Strauss Cary Fitzgerald, head of short-dura-
tion fixed income at J.P. Morgan
Asset Management.
The risk still out there is the “ter-
minal” federal-funds rate—the point
at which the Fed pauses its increases.
Currently in a range from 2.25% to
2.5%, the fed-funds rate is expected
to rise sharply from here. The futures
market sees a 75% chance of a three-
quarter point hike when Fed officials
Breaking Bonds
Short-term yields have surged, pushing down bond prices, as
the Fed has raised interest rates.
Two-Year Treasury Note Yield
4.0%
3.5
3.0
2.5
2.0
1.5
1.0
0.5
0 risk embedded in the bonds.
Oct. 2021 ’22
Source: Bloomberg
Short-term bonds may finally produce positive
total returns for investors. Their yields are now
high enough to withstand some price pressure.
meet this coming week. Another rate
hike is expected in November, putting
the rate around 4% in December.
The futures market is expecting the
fed-funds rate to peak at 4.4% in the
first quarter, following a consumer
price inflation reading that came in
much hotter than expected in August.
Terminal rates of 4.75% or even 5%
aren’t impossible, however, under a
range of scenarios: Inflation stays hot,
the war in Ukraine continues to dis-
rupt energy prices, or supply chains
don’t get back to normal, exerting
more upward pressure on prices.
“Really, what it comes down to is what
the average fed-funds rate will be for
the next two years,” says Fitzgerald.
The bond math does seem favor-
able for short-term notes. At a dura-
tion of two years, for instance, the
two-year Treasury note would lose 40
basis points, or 0.4% in price, for an-
other 20 basis point rate increase by
the Fed. (A basis point is 1/100th of
a percentage point.) Even if the Fed
were to raise rates by another 175 ba-
sis points, the bonds could generate
positive returns over their lifetime.
Inflation data aren’t predictable, of
course, but some bond managers say
the market has largely priced in a ter-
minal fed-funds rate. BlackRock’s
Miller thinks the two-year Treasury’s
yield embeds the rate peaking around
4.3% in the first quarter of 2023. “The
two-year note looks like a reasonable
asset,” he says. “Is it screamingly
cheap? No. But it’s no longer ridicu-
lously rich like it was a year ago.”
Tom Tzitzouris, head of fixed-
income research at Strategas, says
short-term yields are also now in the
terminal ballpark. If that’s the case, he
adds, “you’re basically going to clip
your coupons in two-year Treasuries
because the market has already priced
in the tightening.”
Opportunities in shorter-term
bonds aren’t confined to Treasuries.
John Bellows, a portfolio manager at
Western Asset Management, likes
investment-grade corporate debt,
which features both a yield compo-
nent and some income from the credit
“We have a widening in credit
spreads at the very front of the curve,”
25
he says. The spread on one- to three-
year investment-grade corporates was
recently about 75 basis points over
corresponding Treasuries, putting
yields in the neighborhood of 4.5%.
“Over a three-year period, there is a
lot of potential total return,” he says.
Mark Freeman, chief investment
officer at Socorro Asset Management,
also likes short-term corporate debt.
“With risk-free rates in the 3.75%
range and high-quality corporates
yielding in the 4.25% to 4.75% range,
it’s not a bad place to be in a volatile
investment environment,” he says.
Various mutual funds and ETFs
offer exposure to the shorter end of the
yield curve. For pure Treasuries, the
$26 billion iShares 1-3 Year Treasury
Bond ETF offers broad diversification
at a low fee. It has an SEC yield of
3.31% and an expense ratio of 0.15%.
For corporate bond exposure, con-
sider the $43 billion Vanguard Short-
Term Corporate Bond ETF (VCSH),
an index fund covering the broad mar-
ket. It sports an SEC yield of 4.22% and
an expense ratio of 0.04%. The fund
is down 5.85% this year, after interest
payments, trailing 78% of peers. But
its razor-thin expense ratio has helped
push it ahead of nearly 90% of rivals
over the past 10 years, according to
Morningstar. Its holdings as of July 31
included debt issued by blue-chip
names such as JPMorgan Chase
(JPM), Bank of America (BAC),
and Goldman Sachs Group (GS).
Among the short-term investment-
grade bonds that Freeman holds in
client portfolios is one issued by
Home Depot (HD) that matures in
2025 and has a yield to maturity of
4.25%. Freeman cites the retailer’s
“dominant market share, loyal cus-
tomer base, and forward-thinking
executive management team.”
Also in his portfolio is a Phillips 66
(PSX) bond with a yield to maturity of
4.5%, and a bond issued by Target
(TGT) maturing in 2025 with a yield to
maturity of 4.2%.
Assuming the Fed doesn’t get much
more hawkish, this rate cycle should
peter out in six months or less. As
these yields show, the short end of the
curve doesn’t always equate to the
short end of the stick. B
26
Q&A
Long Live the
Dollar, and Other
Currency Calls
BY RESHMA KAPADIA
J
ens Nordvig grew up in Den-
mark when the country was
facing bankruptcy. In the fifth
grade, he started researching
how a nation could find itself in
such a precarious financial po-
sition, eventually giving his
classmates a presentation on
government and external debt.
Nordvig eventually became an
economist, and later, co-head of global
currency research at Goldman Sachs
and a strategist at Nomura. He drew
on these experiences, and a fascina-
tion with macroeconomic policy, to
found Exante Data, a New York–based
firm that analyzes data to help institu-
tional investors navigate global mar-
kets. He is the firm’s CEO.
Some clients balked at Nordvig’s
prediction that the European Central
Bank would turn hawkish and lift
interest rates meaningfully. But that
call, reiterated during the year, now
looks prescient, after the ECB’s his-
toric 0.75 percentage point rate hike
and indications that it will tighten
further to tame inflation. Energy
prices in Europe have soared since
Russia’s invasion of Ukraine and Mos-
cow’s halt of gas supplies to a major
European pipeline.
Macroeconomic developments play
out in currency markets, one of Ex-
ante’s specialties. Currencies have had
an especially volatile year, with the
U.S. Dollar Index rising 14% and the
euro and yen falling to two-decade
BARRON’S September 19, 2022
An Interview With Jens Nordvig
Founder and CEO, Exante Data
lows. Barron’s spoke recently with
Nordvig about why markets might be
in for more pain, why it’s too early to
bargain-hunt in fixed income, and
why the dollar is on track for its best
year ever. An edited version of our
conversation follows.
Barron’s: Let’s start with your big-
picture view on the global economy.
Jens Nordvig: It’s a whole new
macroeconomic regime. If we have
inflation, central banks can’t have easy
policy; their job is to be tight. Every-
one grew used to an absence of infla-
tion for 20 to 30 years. Now, we have
inflation. Everyone thought the worst
was over. Then, we got a reading on
the U.S. consumer price index [up
8.3% in August from the year-earlier
level] that showed it’s not.
We just saw the biggest equity-mar-
ket move ever on an economic data
point after the release of the August
CPI: a four-standard-deviation move
[the Dow Jones industrials fell 1,300
points Tuesday]. People can’t get used
to this idea that inflation won’t last for
a couple of months, but rather a cou-
ple of years. The August CPI data
showed that even if gas prices are
coming down and commodities have
turned lower, goods prices still rose.
Inflation is broad-based.
What is the biggest risk now for
markets and the economy?
That the Federal Reserve keeps going,
Photograph by MARY KANG
September 19, 2022
“People have predicted the dollar’s demise every year—for the past 40 years.”
Jens Nordvig
and lifts interest rates further. Even
after the August CPI, the market is
pricing in expectations that the Fed
will pivot and cut rates later next year.
What if the Fed must continue to
move rates higher next year? That will
be a total shocker [for the markets].
Should investors brace for more
dramatic moves?
We aren’t going back to 2019 anytime
soon. Every time the economy was in
a bit of trouble, there were emergency
facilities and zero rates and backstops.
This time, we may have some bank-
ruptcies. There are no monetary-pol-
icy safety nets. Investors might not
want just to be [long] equity or credit.
Maybe they want a lot of cash. You
can buy Treasury bills yielding 3%
without fees. In fixed income, you
don’t want to get in too early. Wait
until we have had a dramatic repricing
of the market, following the moves by
the Fed—probably next year. When
will it be time to dive into European
and U.S. stocks? When you think the
monetary-policy tightening cycle has
run its course. In the U.S., we need to
see core inflation come down. Infla-
tion likely will moderate but stay
above target, so we will see some fist-
fighting within the Fed.
How high does the Fed need to
boost interest rates?
We won’t see 75-basis-point [hikes]
forever, but there may be a scenario in
which the Fed hikes rates aggressively
this year, and then next year does a
bunch of 25 basis-point hikes. [A basis
point is 1/100th of a percentage
point.] That’s not priced in.
What is the path ahead for the
ECB?
Europe has probably had the biggest
energy shock ever—bigger than in the
1970s. Europe’s energy bill has
jumped from 3% of gross domestic
product to 8% very quickly, and that
has taken the euro down.
The ECB will have to tighten ag-
gressively because the inflation prob-
lem is so big—and not just with energy,
but also wage inflation picking up. The
dovish camp within the ECB that es-
sentially drove policy has lost its credi-
BARRON’S
bility. Different people are setting the
agenda. [German economist and
hawkish ECB board member] Isabel
Schnabel is now the de facto leader.
The ECB is probably going to be more
decisive than people thought.
How do you see Europe managing
the energy crisis?
How quickly they can get alternative
suppliers up and running, and how
well they can manage saving the cor-
rect industries [such as energy pro-
ducers], will be important in deter-
mining whether this is a huge crisis
for a year or a multiyear crisis. Since
the supply-and-demand balance is so
tight, any extra accident that disrupts
supply will have a much bigger impact
[than usual].
There are a lot of moving parts,
including how cold the winter is and
when the French nuclear industry
kicks in after a hard time this summer
with a heat wave. What happens mili-
tarily will be important, too. We have
had dramatic developments around
Ukraine that give [Russian President
Vladimir] Putin less leverage. If he is
losing territory quickly, it makes a
cease-fire with conditions that
Ukraine can accept more possible.
How would markets react to a
cease-fire?
That’s not our central case, but it has
become more likely. Energy prices
would ease and the euro would rally.
But that’s more for 2023 than in the
near term. It is hard to imagine [en-
ergy] prices collapsing, unless Russia
starts supplying gas again. It may do
that next year, but it is hard to imagine
it would do so this winter. For the next
six months, Europe will have a tricky
situation.
Yet, you aren’t as gloomy about
Europe as some others are. Why?
[Negative] sentiment was so extreme
that more positive scenarios should
also be considered. The fact that
Ukraine is doing better militarily is a
positive. Europe’s policy initiatives to
cap prices, for example, are a positive.
There are positive developments
from a bad starting point. Something
breaking the right way in Europe has
more probability now, but that isn’t
the case for China. We recently recom-
mended that clients book profits on
long dollar trades versus a basket of
currencies, but still recommend going
long dollars versus the Chinese yuan.
Can the dollar continue its move
higher?
This could be the biggest year ever for
the dollar, bigger than the move in
2001, and there is a chance it beats its
1980s performance. There are so
many things supportive of the dollar:
monetary policy, the view that the U.S.
economy can take more hikes than the
market thought, and the U.S. becom-
ing a big energy exporter. Typically,
the dollar collapsed when energy
prices went higher. That has been
flipped on its head, now that the U.S.
is going to be the biggest supplier of
energy [gas] to Europe.
China’s currency, on the other
hand, has declined sharply this
year. How bad is the situation in
China?
China has one of the biggest bubbles
in the world in its real estate market,
which is imploding. That is a multi-
year problem. The banks aren’t going
to go under because they are mostly
state-owned enterprises and will be
backstopped. But it’s terrible for
growth because the economy de-
pended on the housing sector and
construction.
On top of that, they have a Covid
drag and [there are questions] about
whether it turns into a social and po-
litical crisis. China had been growing
for so long that it didn’t have a test of
what happens if growth is zero—or
negative. [Chinese leader Xi Jinping]
isn’t going to get kicked out, but
maybe there are more diverse voices
that create political uncertainty.
China’s policy makers have been
reluctant to take on more debt
needed for a massive stimulus
push. Will they eventually give in
to help the economy recover?
They overstimulated for so long and
had such excessive credit growth and
overbuilding that there’s not much
they can do. They have to provide
27
wholesale transfers [of money] to con-
sumers. I don’t think people realize
how big of a structural shift is going
on around China. One important indi-
cator is foreign direct investment,
which has collapsed. That tends to be
a slow-moving variable, not a one-
quarter type thing—but the shift tells
you that multinationals are feeling
overexposed to China.
Investors are also worried about a
structural shift toward deglobal-
ization. Would that threaten the
dollar’s dominance?
People have predicted the dollar’s de-
mise every year—for the past 40
years. Can you really have proper
competition to the dollar from these
other currencies, when their issuers
have such severe problems? China still
has a closed capital account and con-
trolled equity market; it doesn’t have
free allocation of capital, and its
growth engine is collapsing. Europe
[is facing] the biggest energy crisis it
has seen.
Saudi Arabia has bought more U.S.
equities in the past three months than
ever before. Why? They want to have
a return on assets. Are they going to
get it in China? No. Russia? Nope. If
Saudi Arabia can see that Russia is
going to lose [in Ukraine], they will
gravitate back to the euro and dollar
[for oil transactions]. There’s nothing
in what I see that points to any chal-
lenge to the U.S. dollar.
What is your most contrarian call
right now?
Some emerging markets are safer than
the [old] havens. There is a perception
that when the U.S. dollar is strong,
some emerging markets are in serious
trouble. We are seeing the opposite. In
the latest month of further dollar
strength, the only currencies not weak-
ening are Latin American. LatAm [pol-
icy makers] didn’t do experimental
monetary policy, and started hiking
rates when they sniffed inflation, and
it’s helping. It’s an example of how ev-
erything is different this cycle. Places to
look include Mexico, Indonesia, maybe
South Africa, and Brazil.
Thanks, Jens. B
28
T E C H T R ADER
Why Have Tech Deals
Gone Away? Start
With Leery Investors.
L
ast week, in the middle
of the four-day Gold-
man Sachs tech confer-
ence at the Palace Hotel
in San Francisco, four
of the firm’s tech bank-
ers took to the stage to
discuss the state of its deal business.
Basically, they were there to explain
why they hadn’t been doing anything.
“And that’s why I’m short Goldman,”
one fund manager whispered to me in
the middle of the session.
In the June quarter, Goldman’s in-
vestment-banking revenue was down
41% from a year ago. And the com-
pany reportedly is planning a round
of job cuts. That’s only logical: The
deal market is closed, and for that you
can blame a combination of falling
stock prices, rising interest rates, an
uncertain economic environment, and
a distinct lack of consensus among
potential buyers and sellers on how
deals should be valued.
The easiest bit to explain is the
lack of initial public offerings. With
tech valuations down sharply since
the market peak in November, inter-
est rates still rising, and investors
becoming more risk averse, the appe-
tite for new issues is nonexistent.
Buyers aren’t interested, and poten-
tial issuers have no desire to sell
stock into a market where valuations
are still declining and the economy is
sagging. While there are a slew of
venture-backed and private-equity
financed companies that would love
to tap the public markets, they are
going to have to sit tight.
The light mergers-and-acquisitions
market is a little more surprising.
BARRON’S
There is plenty of cash in private-eq-
uity funds, and there have been a
handful of tech buyouts in recent
months: In August, Vista Equity Part-
ners inked an $8.4 billion deal to buy
tax-compliance software company
Avalara (ticker: AVLR), and Ping
Identity (PING) snared a $2.8 billion
bid from Thoma Bravo. But otherwise,
By Eric J. Savitz the market has been eerily somnolent.
One reason is the higher cost of capi-
tal. These are leveraged buyouts, and
rising interest rates raise the bar on
required returns.
On Thursday, Adobe said
it would buy collaborative
design-tool provider Figma
for $20 billion. The market
promptly slashed Adobe’s
stock price by 17%.
Barry O’Brien, head of tech M&A at Goldman
Sachs, said that buyers and sellers have never
been further apart on how to set deal prices.
Strategic buyers have different is-
sues: They need to convince sharehold-
ers that using capital to make acquisi-
tions is a good idea in the middle of an
economic downturn. They also have to
convince skeptical sellers—and their
boards—that the valuations they saw
at the market peak last fall are, in fact,
gone forever. Barry O’Brien, head of
tech M&A at Goldman, said during the
session that buyers and sellers have
never been further apart on how to set
deal prices. He noted that while buyers
want to be opportunistic, they also
worry how shareholders will react.
That’s a valid concern. Early
Thursday, right on cue, Adobe
(ADBE) unveiled a deal to buy the
collaborative design-tool provider
Figma for $20 billion in cash and
stock. Adobe’s own entry in the space
failed to gain traction; Figma shores
up a weak spot. But the market hated
the deal, slashing Adobe’s stock price
by 17%, reducing the company’s mar-
ket cap by $30 billion. Ouch.
There are at least four reasons the
Street is irritated. One, the deal is
alarmingly pricey: Adobe expects
Figma to exit 2022 with $400 million
in run-rate revenue, putting the valua-
tion at a lofty 50 times sales (100 times,
if you use 2022 actual sales). Two,
Adobe says it will take three years after
closing before the deal adds to non-
GAAP profits. Three, Adobe needs to
come up with $10 billion in cash to
close the deal, which will mean a much
slower pace of stock buybacks. And
four, while Adobe raves that the Figma
deal will be “transformative,” the Street
sees it as a defensive move. Writes
Bernstein analyst Mark Moerdler,
“This was an acquisition driven by
need and not opportunity.”
Oracle (ORCL) offers another ex-
ample. The enterprise-software com-
pany’s shares are down about 30%
since the announcement late last year
of a $28 billion deal for health IT com-
pany Cerner. Oracle viewed the deal
as a fantastic opportunity to become a
major player in health IT, but inves-
tors have yet to be fully convinced.
The deal also slowed an aggressive
stock-repurchase program, and ele-
vated Oracle’s debt position.
Last week, Oracle announced its
September 19, 2022
first earnings report that fully re-
flected the Cerner deal—and it had a
big impact. On a currency-adjusted
basis, Oracle had 23% revenue growth
in the quarter to $11.4 billion, more
than 12% of that from Cerner. Backing
out Cerner, Oracle still grew 8%.
I’d argue that the biggest news was
Oracle’s continued progress on its
shift to the cloud. CEO Safra Catz sees
the company’s cloud-based software
and infrastructure businesses driving
double-digit revenue and profit
growth from here. Valuation is unde-
manding, at 12 times forward profits
versus 21 times for Microsoft (MSFT)
and 28 times for Salesforce (CRM).
Skepticism about the Oracle story
remains high. But I see opportunity
knocking, giving investors a chance to
buy an improving story on the cheap.
O
ne of the great investor
debates over the next 12
months will be what hap-
pens to Apple (AAPL)
shares, which will depend on demand
for the iPhone 14 that launched on
Friday. Morgan Stanley analyst Erik
Woodring wrote in a research note that
lead times for preorders suggest that
the cycle is starting “stronger than
expected,” with a particularly long
wait for the top-of-the line iPhone 14
Pro Max. He reports that both China
and U.S. demand is “much better than
feared” given macroeconomic concerns.
But the early read isn’t the full
story. Bernstein analyst Toni Saccon-
aghi thinks the Street’s December-
quarter estimates are too low, but he
also believes estimates for the Septem-
ber 2023 fiscal year are too high. He’s
looking for total fiscal 2023 revenue
growth of just 1% growth, on a 3% to
4% decline in iPhone revenue.
Writes Sacconaghi: “We worry that
Apple was a pandemic beneficiary,
whose fortunes could revert, particu-
larly in China, and forecast that
iPhone upgrade rates will slow follow-
ing two strong years of sales.” Saccon-
aghi also thinks iPhone 14 could trig-
ger “a negative mix shift away from
Courtesy Figma
Pro offerings,” and adds that “Apple is
not immune to economic weakness.”
Time to start thinking about
iPhone 15. B
September 19, 2022
THE EC ONOMY
Forget a Fed Pivot.
Rates Will Stay High
As Inflation Persists.
T
he latest consumer-
inflation data
helped firm up a
new consensus
around tougher
interest-rate policy
this year before the
Federal Reserve flips in 2023. But Fed
watchers might still be underestimat-
ing the inflation problem; they should
bet on a rate plateau over a pivot.
When the Labor Department re-
leased its August consumer price in-
dex, it left little doubt that inflation is
broad, sticky, and demand-driven. Con-
sider that the Federal Reserve Bank of
Cleveland’s median CPI, which drops
outliers to measure underlying infla-
tion, rose a record 6.7% from its read-
ing a year earlier. As Michael Ashton of
Enduring Investments notes, about
70% of the components in the CPI in-
creased at an annual pace greater than
6% last month. In the decade before the
pandemic, that share was 10% or less.
Economists and investors now ex-
pect bigger rate increases at each of the
Fed’s remaining three meetings this
year, starting with at least a 0.75 per-
centage-point boost on Sept. 21, and
ending with a policy rate of 4% to 4.5%
by early next year. Yet, traders are still
betting on a quick Fed pivot, CME data
show, with about half a percentage
point in rate cuts expected between
next March and December.
This increasingly is folly. The latest
CPI data undermine what has been the
consensus view that the worst is over.
First, the drop in headline infla-
tion reflected falling energy prices.
But China’s reopening from Covid
lockdowns will boost oil demand,
BARRON’S
and RBC global energy strategist
Michael Tran says that a host of vari-
ables—including the end of govern-
ment strategic-reserve drawdowns—
present upside risks to oil.
Second, the labor shortage will con-
tinue to drive prices of services higher.
Third, it will take about a year for
early signs of cooling shelter prices to
By Lisa Beilfuss show up in inflation data, in which
housing makes up a quarter to a third
of major baskets. As Ashton of Endur-
ing Investments points out, all it
would take to match prior highs in the
CPI, excluding food and energy, is a
0.4% rise in September from August.
Last month, core prices rose 0.6%
month over month.
Velocity Watch
Because money supply is so high, even a small pickup in the
exchange of money could fuel inflation.
Velocity of M2 Money Stock
2.4
2.2
2.0
1.8
1.6
1.4
1.2
1.0
1975 ’80 ’85 ’90 ’95 2000 ’05 ’10 ’15
Note: Velocity of money is the number of times one dollar is spent
to buy goods and services per unit of time. Source: Federal Reserve Bank of St. Louis
Even a small pickup in the velocity of money at a
time when money supply is high could propel
prices even higher.
One explanation for persistent Fed-
pivot bets is the slowdown in the Au-
gust producer price index that was
reported a day after the CPI. The logic
is that decelerating wholesale prices
will flow through to consumers, au-
guring softer CPI prints. But that as-
sumption is flawed.
But “let’s talk about what is hap-
pening now, rather than what hap-
pened to the PPI last month,” says
Richard Farr, chief market strategist
at Merion Capital.
It’s futile to extrapolate from Au-
gust PPI data when the prices for nat-
ural gas, diesel, corn, cotton, and lum-
ber this month are up 124%, 107%,
37%, 24%, and 19%, respectively, from
their levels a year earlier.
Another reason for persistent pivot
expectations is the notion that more-
aggressive monetary policy would
conceivably bring about a faster and
deeper recession. If economists at
Deutsche Bank are right, and the Fed
hikes to 5% by early next year, a
deeper-than-expected downturn is
inevitable. But it might not be so sim-
ple this time, given how fast inflation
is running and because of its nature.
Vincent Deluard, director of global
macro strategy at StoneX Financial,
outlines several reasons why the Fed
has no choice but to remain hawkish,
at least through next year.
First, expectations for the central
bank to cut rates next year reflect
what he calls “immaculate disinfla-
tion,” a scenario only possible if en-
ergy tabs keep falling. That is a tough
bet, given that they currently are
driven by geopolitics at least as much
as by economics. Domestic supply is
constrained, and reports suggest that
the Biden administration may start
refilling the strategic petroleum re-
serve sooner than anticipated.
Second, inflation isn’t just sticky,
but structural. A significant swath of
workers are still missing from the
labor force—and unfavorable demo-
graphics suggest that the problem isn’t
going away—while the transition to
green energy requires more resources
for similar output.
’20
Third, persistent inflation begets
higher inflation because the longer it
lasts, the more it changes behaviors
29
and expectations. That is playing out.
Consider the 24% wage increase, and
$11,000 immediate payout, for loco-
motive engineers and conductors in
the deal announced this past week to
avert a U.S. rail strike. And consider
the record decline in bank deposits in
the second quarter, a sign that house-
holds are leaving less money in the
bank and spending it more quickly.
Fourth, Deluard predicts a rise in
the velocity of money as inflation
squeezes budgets, households keep
less in the bank, and credit-card bal-
ances rise. For context, the velocity of
money is the number of times a dollar
is spent to buy goods and services per
unit of time. Rising velocity means
more transactions are occurring. Veloc-
ity plunged at the start of the pandemic
as deposits surged and loans dropped,
but there are early signs of a coming
pickup, as inflation squeezes budgets
and credit-card balances climb.
E
ven a small pickup in velocity
at a time when the money
supply is high could propel
prices higher. Deluard says
that such an advance would offset
downward pressure on the money
supply from the Fed’s quantitative-
tightening program.
Rising loan-to-deposit ratios illus-
trate Deluard’s point. Deposits are fall-
ing, while loans are growing by double
digits at the major banks, and Deluard
calculates that a return to a pre-Covid
loan-to-deposit ratio of 75% would
require the issuance of about $2.5 tril-
lion in new loans from the big four U.S.
banks alone. The trend is better for
small banks; Deluard notes that the
loan-to-deposit ratio of the KBW Re-
gional Banking Index (ticker: KRX)
recovered to 77% in the latest quarter
from a low of about 70%.
Sid Dinsdale, chairman of Pinnacle
Bancorp, says his bank’s loan-to-de-
posit ratio is finally starting to trend
higher, rising to 69% from 66% last
year, as rising interest rates are only
cooling mortgage lending so far.
Says Dinsdale: “The sky is clear,
but a storm will come at some point.”
The problem is that elevated inflation
is part of the storm—and may remain,
despite it. B
30 BARRON’S September

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all the difference.
Missing the middle of anything leaves a pretty big hole.
And that’s especially true when it comes to the market.
See what owning a piece of the middle could do for you.
Make a portfolio complete with MDY.

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or visit www.SSGA.com. Read it carefully.
r 19, 2022 BARRON’S 31

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about MDY

Investing involves risk including the loss of principal. Investments in mid-sized ALPS Distributors, Inc. (fund distributor); State Street Global Advisors Funds United States: State Street Global Advisors, 1 Iron Street, Boston, MA 02210-1641.
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32 BARRON’S September 19, 2022

MARKET WEEK
September 12 through September 16, 2022

Euro Trader P. 35 Power Play P. 38

Emerging Markets P. 35 Charting the Market P. 39
Striking Price P. 36 Winners & Losers P. 40
Commodities P. 37 Market View P. 41
Inside Scoop P. 38 Statistics P. 42
13D Filings P. 38

MARKET PERFORMANCE DASHBOARD

Dow Jones Industrials S&P 500 Nasdaq Composite FedEx

30,822.42
52-wk: -10.88% YTD: -15.18% Wkly: -4.13%
3873.33
52-wk: -12.62% YTD: -18.73% Wkly: -4.77%
11,448.40
52-wk: -23.90% YTD: -26.82% Wkly: -5.48%
$161.02
52-wk: -36.91% YTD: -37.74% Wkly: -22.98%

5%

Happy Monday
Stocks rose for a fourth
straight trading day on
Monday. All 11 sectors of the
S&P 500 closed in the green
as the overall index added
1.1%. Energy stocks were the
best performers.
0
Look Out Below -5
August inflation data released Strike Averted
on Tuesday was not what U.S. freight railways avoided a Shipping News
-10
the bulls and the doves were labor stoppage on Thursday, Stocks dropped on Friday
looking for. Major stock after the White House and over the prospect of tighter
indexes endured their worst unions reached a deal. A strike monetary policy from the
-15
selloff since June 2020. was estimated to cost the U.S. Federal Reserve. An earnings
The Nasdaq shed 5%. economy $2 billion a day. The warning from FedEx added
S&P 500 fell 1.1%. to the gloom. -20

-25

-30
Monday Tuesday Wednesday Thursday Friday Close
Source: Barron’s Statistics

F
rom a certain point guidance. All of this occurred the week tic when everyone is predicting the

THE TRADER onward, there is no

turning back. The stock
market reached that
before the Fed meets to discuss its next
rate increase, which is likely to be an-
other 0.75 percentage point.
worst. Sundial Capital Research’s Jason
Goepfert notes that less than 1% of the
stocks in the S&P 500 finished higher
point this past week. There is no avoiding, now, what is on Tuesday, something that has hap-
Oh, the market was coming, and the stock market knows it. pened only 28 other times since 1940.
hopeful—entering the The Dow Jones Industrial Average fell The index gained an average of 15.6%

A ‘Super- week—that inflation had reached its

peak, that the Federal Reserve would
4.1% for the week, while the S&P 500
index dropped 4.8%, and the Nasdaq
over the following 12 months, and was
higher 79% of the time.

Oversold’ stop raising interest rates soon, that the

bottom was in. But Tuesday’s release
of August’s consumer-price-index data
By Ben Levisohn
Market showed that inflation hadn’t been
tamed and dashed all of the goodwill,
Usually sending the major indexes to their
worst day since 2020.
Gets Worse Then, FedEx (ticker: FDX) decided
to tell investors—a week early, mind
you—that its earnings were terrible and
that it was withdrawing its full-year
Composite plunged 5.5%.
“Investors are facing the reality
that the Fed has more work to do and
So, is this a buying opportunity?
Not so fast. Sometimes, the market
can become “super-oversold,” notes
recession risk is high,” says Dave
Donabedian, chief investment officer
Doug Ramsey, chief investment officer
at the Leuthold Group. That can be a
at CIBC Private Wealth US. “We’re not
talking about putting more money to
prelude to further declines, as was the
case in 1998, before the Long-Term
work in equity markets. We’re preach-
ing patience.”
Capital Management tumble; in 1987,
before Black Monday; and ahead of the
That would seem to go against the worst selloffs of the 1973-74 bear mar-
maxim that it often pays to be optimis- ket. “Excessively oversold conditions
September 19, 2022 BARRON’S 33

have preceded most of the market’s worst gained 9.7% this year, Keurig Dr Pepper
short-term collapses,” Ramsey explains. (KDP) has risen 0.8% and Coca-Cola (KO)
The odds of one are increasing. The Fed has advanced 0.6%, Spectrum Brands
looks hellbent on getting inflation under Holdings (SPB) has slumped 54%, Coty
control, and that could mean rates are going (COTY) has dropped 27%, and Newell
a lot higher. Where once investors worried Brands (NWL) has fallen 25%. Clearly,
about a terminal rate of 3.5%, now they’re
talking over 4%, or even 5%. And once the
Fed gets there, it’s likely to stay there rather
some staples stocks are safer than others.
But will they stay that way? A recession
may be on its way, but it is likely to be a dif-
Discover the ancient
than beginning to cut rates immediately.
Yet bear markets usually don’t end—and
bull markets don’t start—until the Fed starts
ferent kind of recession than the ones expe-
rienced in 2001 and 2008 because of today’s
high inflation. That means investors should
wonders of Egypt
easing, according to Ed Clissold, chief U.S. be focusing on companies that have pricing
strategist at Ned Davis Research, and some- power and avoiding those with products that
times not until after the second rate cut. could be replaced with cheaper alternatives JJoin
Jo
Joi
oin Penta
Pen
enta
ta and
and
n Indagare
Indag
nd
dagar
are
are
e on a bucket
buc
ucke
cke
ket
et
When a bear market has ended before the or that consumers could quit, writes RBC
list-worthy
li
ist
s -w
worthy
y journey
j y to learn about
Fed has finished raising rates, a second bear analyst Nik Modi. The latter cohort includes
market usually occurs. “History argues that Altria Group (MO), which has “high expo- the
tth
he co
coun
country’s
untr
untry’
try s rich
r ch
ric hhistory
isto
ist ry
to y and
and m
marvel
arv
arvell
the tightening cycle will inflict more pain on sure to lower-income consumers,” and
the stock market,” Clissold writes. companies that can be replaced easily with a iits
at t iiconic
ts coni
conic
nic vi
vist
vistas.
stas
sta .
as
Even if that turns out to be wrong, it’s no private labels, such as Kimberly-Clark
time to be a hero. Nordea Asset Management (KMB)—you don’t have to buy Kleenex—
strategist Sebastien Galy notes that investors Clorox (CLX)—there are alternatives to
should try to identify companies that are Glad trash bags—and Campbell Soup.
“attractively valued solutions with lower Instead, Modi recommends focusing on P E N TA X I N DAGA R E | C A I R O, L U XO R , & M O R E
downside risk that are resilient across a companies that aren’t threatened by private- NOVEMBER 311, 2023
multiplicity of scenarios and styles”—a long label options, have manageable costs, and 6 4 6 .7 8 0. 8 3 8 3 | I N DAGA R E .C O M / P E N TA E GY P T
way of saying quality stocks. “What we can aren’t reliant on lower-income shoppers. It
strive for is to manage these complex risks also helps if they “have made investments in
and begin to position for the next few quar- their business to improve the organizational
ters at the right valuation,” he concludes. structure resulting in better business
Or simply wait it out. trends…and are driving pricing/promotional
strategies suitable for a period of economic
The Real Safe Stocks uncertainty,” Modi adds. Coca-Cola, Coty,
Recession risks are growing, and investors Keurig, and Constellation Brands (STZ)
are looking for safety. But not all safe stocks are among the stocks that fit the bill.
are created equal. Constellation looks particularly attractive.
Take consumer staples. Their businesses The Corona beer importer is less focused on
tend to hold up better during recessions wine these days, and it never chased the
because people will continue to buy food and hard-seltzer fad, as did Boston Beer (SAM),
other necessities even as they cut back on, which has tumbled 35% this year. At 20
well, everything else. That’s one reason that times 12-month forward earnings, the stock
the Consumer Staples Select Sector isn’t cheap, but it’s trading slightly below its
SPDR exchange-traded fund (ticker: XLP) five-year average of 21 times. Demand for
has dropped just 7.5% so far this year, far beer remains strong, too.
better than the S&P 500’s 19% decline. Just as important, Modi notes that Con-
Yet while Campbell Soup (CPB) has stellation learned from the last recession,

Vital Signs
Friday’s Week’s Week’s Friday’s Week’s Week’s
Close Change % Chg. Close Change % Chg.
DJ Industrials 30822.42 -1329.29 -4.13 Barron’s Future Focus 824.90 -43.79 -5.04
DJ Transportation 12825.34 -1235.57 -8.79 Barron’s Next 50 2284.27 -124.56 -5.17
DJ Utilities 1012.86 -37.47 -3.57 Barron’s 400 893.95 -45.03 -4.80
DJ 65 Stocks 10460.85 -585.45 -5.30 Last Week Week Earlier
DJ US Market 950.02 -48.08 -4.82 NYSE Advances 630 2,432
NYSE Comp. 14573.91 -616.88 -4.06 Declines 2,836 1,000
NYSE Amer Comp. 4228.96 -33.83 -0.79 Unchanged 110 108
S&P 500 3873.33 -194.03 -4.77 New Highs 99 76
S&P MidCap 2380.28 -117.77 -4.71 New Lows 480 330
S&P SmallCap 1144.98 -48.71 -4.08 Av Daily Vol (mil) 4,945.7 3,971.6
Nasdaq 11448.40 -663.90 -5.48 Dollar (Finex spot index) 109.67 109.00 @2022 DOW JONES & COMPANY,INC. ALL RIGHTS RESERVED. 4E6031
Value Line (arith.) 8347.19 -432.35 -4.92 T-Bond (CBT nearby futures) 131-05 132-30
PHOTO CREDIT: INDAGARE
Russell 2000 1798.19 -84.66 -4.50 Crude Oil (NYM light sweet crude) 85.11 86.79
DJ US TSM Float 39038.34 -1967.87 -4.80 Inflation KR-CRB (Futures Price Index) 278.88 284.12
Gold (CMX nearby futures) 1671.70 1716.20
34 BARRON’S
Industry Action
Performance of the Dow Jones U.S. Industrials, ranked by weekly percent change.*
–0.35%
–2.14
–2.54
–2.60
–3.30
–3.69
–3.93
–4.44
ENERGY SECTOR OF
–5.68
–6.05
THE S&P 500 IN ONE ETF when it let the gap in pricing between Co-
rona and its competitors get too wide, to the
Visit www.sectorspdrs.com or call 1-866-SECTOR-ETF
detriment of sales, and has changed its strat-
egy. In recent years, the company has been
An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a raising prices in small, consistent incre-
prospectus, which contains this and other information, call 1-866-SECTOR-ETF or visit www.sectorspdrs.com. Read the ments. Constellation should be able to main-
prospectus carefully before investing. tain the strength of its brands in a way that
All ETFs are subject to risk, including possible loss of principal. Sector ETF products are also subject to sector risks and non-diversification risks, which generally should last through a recession.
results in greater price fluctuations than the overall stock market. Ordinary brokerage commissions apply. We’ll see if it works this time.
The S&P 500 is an index of 500 common stocks that is generally considered representative of the U.S. stock market. You cannot invest directly in an index.
ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. A Broker’s Dozen
Call this a throw-the-baby-out-with-the-
bathwater market.
When the S&P 500 tumbled this past
Tuesday, after August inflation came in hot-
ter than expected, 495 of the index’s stocks
dropped. But the problem is deeper. Some
382 stocks in the index are down so far this
year, and only about 80 that are up aren’t in
the energy or utilities sectors. Overall, the
The blue checkmark of S&P 500 has seen its price/earnings ratio
collapse to 15.8 times estimated next year’s
earnings, from 19.9 times at the start of 2022.
the financial universe.
Many stocks would seem to be trading at
attractive levels, but looks can be deceiving.
Intel shares (INTC), for instance, were
trading for as high as 15 times estimated
2023 earnings earlier this year. Now, they
Barron’s Advisor Finder tool matches our ambitious readers trade for just 11.5 times, a small discount
with your financial expertise. Get found, meet prospective to their recent history. That looks attractive,
clients and let Barron’s help grow your business. but 2023 earnings estimates for Intel have
fallen more than 60% over the past six
months, as the company struggles with
Apply today at bringing new chip technology to market.
The P/E multiple contraction looks at least
Barrons.com/advisorfinderapply partially warranted.
But Barron’s found a dozen stocks in the
S&P 500 that have seen P/E ratios contract
even though business fundamentals don’t
look all that bad. These 12 stocks might be
new opportunities for investors looking for
bargains in the difficult 2022 market.
The dozen also include many household
names. They are, in no particular order:
© 2022 Dow Jones & Company, Inc. All rights reserved. 2E276
IBM (IBM), CVS Health (CVS), cigarette
September 19, 2022
Oil & Gas
Health Care
Consumer Goods
Telecommunications
Utilities
Financials
Consumer Services
Industrials
Basic Materials
Technology
Source: S&P Dow Jones Indices
maker Philip Morris International (PM),
auto-parts seller O’Reilly Automotive
(ORLY), Conagra Brands (CAG), Dollar
Tree (DLTR), health-insurance providers
Humana (HUM), and UnitedHealth
Group (UNH), agricultural-chemicals
company FMC (FMC), aerospace and
defense giant Raytheon Technologies
(RTX), and utilities NRG Energy (NRG)
and Edison International (EIX).
Those 12 stocks have seen their P/E ratios
decline about 21% on average from about 17
times next year’s estimated earnings to just
above 13 times. Not much seems to be wrong
with them, however. Their earnings growth
is expected to average about 7% in 2023,
compared with 2022, and is expected to be
positive for all but NRG. And despite the
slide in valuations, none of the 12 has seen
2023 earnings estimates lowered in the past
six months—indeed, analysts have raised
them by an average 4% over that span.
Things could be worse. The dozen stocks
are, on average, flat in 2022. Still, their
prices haven’t kept up with earnings—
which is why their P/E ratios are down.
Of the 12, Raytheon, UnitedHealth, and
Humana are the most popular on Wall
Street, with analyst Buy-rating ratios above
80%. The average Buy-rating ratio for a
stock in the S&P 500 is about 58%. The least
popular stocks with analysts are IBM and
Conagra, with Buy-rating ratios below 40%.
Outside of the utility stocks, Humana
looks like a good bet. Shares trade for about
18 times estimated 2023 earnings, a pre-
mium to the market, but close to where
shares have traded for the past couple of
years. What’s more, Humana believes that
it can make $37 a share in 2025, implying
earnings growth of about 14% a year on
average between now and then.
If Humana hits its goals, the stock should
work no matter what is going on in the
broader economy. — Al Root
September 19, 2022
EUROPEAN TRADER
Ryanair Is Miles Ahead
Of Its Competitors
By Rupert Steiner
A V
irlines have taken a one-two
punch, with the pandemic cut-
ting global travel, and labor
shortages and spiraling fuel costs
crimping profits.
But Ryanair Holdings, Europe’s larg-
est airline by passenger numbers, stands
out from the pack, having hedged 80% of
its fuel until early next year, protecting
itself from price volatility. It also stuck
with much of its workforce when others
reduced headcount to save costs. These
moves put Ryanair in a strong position to
benefit from a rebound in travel.
The stock (RYA.Ireland), which also
has American depositary receipts (RY-
AAY) trading on the Nasdaq, has
plunged, along with its peers, losing
21.45% over the past year, to 12.79 euros
($12.85). The dip could be an excellent
buying opportunity. The Stoxx Europe
Total Market Airlines Index is down
23.4% over the same period.
Ryanair, like almost all of its rivals,
saw travel fall off a cliff in the past two
years, due to Covid-related lockdowns.
Just when passenger numbers were pick-
ing up, Russia invaded Ukraine, and re-
lated sanctions reduced fuel supplies and
disrupted Eastern European routes.
The industry has also suffered self-in-
flicted pain. Airports and some carriers
let too many workers go during the pan-
demic and now can’t recruit fast enough
to handle the spike in demand.
Gerald Khoo, an analyst at broker Libe-
rum, writes in a client note that Ryanair
benefited from an early commitment to
growth: “It chose to keep flight crews and
aircraft current and operational through
the pandemic. Not only did this mean its
own staffing levels were in the right place
for the surge in volumes that has come
through, but also it gave its suppliers and
partners the confidence to make similar
commitments themselves.”
Others agree. Alexander Paterson, an
BARRON’S
analyst at Peel Hunt, observes that the
stock could rise 46.6%, to €18, and says
that the airline continues to increase its
market share.
Ryanair is targeting 166.5 million pas-
sengers for 2023, versus the 97.1 million
recorded in its 2022 annual report. “We
see recent weakness as an excellent buy-
ing opportunity for a group with solid
growth potential,” Paterson writes in a
note. The Dublin-based airline has 90
bases in 36 countries, with a focus on
Europe, and a stock-market value of
€14.1 billion. It flies 483 Boeing 737s and
29 Airbus A320s, with 137 Boeing 737s
on order.
The company fetches a multiple of 11.6
times this year’s expected earnings and is
valued at a 10% discount to its peers.
Ryanair posted a pretax loss of €430 mil-
lion for the year to March 2022, which was
narrower than its €1.1 billion shortfall in
2021. Total 2022 revenue was €4.8 billion,
significantly above 2021’s €1.6 billion.
A Ryanair spokesperson tells Barron’s
that the company is operating a “full
schedule of 3,000 daily flights this sum-
mer, unlike many other airlines that have
failed to plan adequately for the return of
travel, post-Covid. We kept our pilots and
cabin crew current throughout the pan-
demic, and as a result remain able to
meet pent-up customer demand.”
Ryanair’s fuel hedge locked in a price
around $65 a barrel for 80% of its needs
until the first quarter of 2023. This not
only sets it apart from its peers, but also
presents an opportunity.
Liberum’s Khoo writes: “Counterintui-
tively, higher fuel prices may cause Ryan-
air to add more capacity to exploit its
strong fuel-hedging position...and antici-
pated capacity cuts by competitors.”
Ryanair also has a strong balance
sheet, and in a high-interest-rate environ-
ment where other airlines are heavily
leveraged, it doesn’t need to refinance
forthcoming bond maturities because it
has sufficient liquidity, Khoo says. B
E M E R G I N G M A R K E TS
China’s Xi to Putin: Our
Friendship Has Limits
By Craig Mellow
ladimir Putin could certainly
use a powerful, strategic friend-
ship with “no limits,” the kind
Xi Jinping promised in Febru-
ary, three weeks before Putin invaded
Ukraine.
That isn’t what he got when the two
leaders met this week in Uzbekistan, at a
summit of the regional Shanghai Cooper-
ation Organization.
Xi has put substantial limits on
China’s support for Russia’s Ukrainian
adventure. He has obeyed the West’s re-
taliatory sanctions without endorsing
them. He has lapped up Russian oil at
discounts around 25%, but showed no
interest in buying the assets that global
energy majors such as BP (ticker: BP)
Shell (SHEL), and TotalEnergies (TTE)
are divesting within Russia.
Putin acknowledged as much in terse
remarks before the sit-down in historic
Samarkand. He thanked China for its
“balanced” position on Ukraine, and
pledged to address his counterpart’s
“questions and concerns.”
The lukewarm embrace reflects
China’s behind-the-scenes discomfort
with Russia’s aggression, says Maria Sha-
gina, a sanctions scholar at the London-
based International Institute for Strategic
Studies. “China is interested in shaking
up the world order, but not in Russia’s
way,” she says.
It also reflects Russia’s paltry leverage,
being stuck in slow-growth resource de-
pendency while China has emerged as an
economic and technological superpower.
“What Putin has to give is cheap oil.
That’s about it,” says Craig Kennedy, an
associate at Harvard’s Davis Center for
Russian and Eurasian Studies.
That cheap oil remains a global X fac-
tor for the months to come. The Euro-
pean Union is scheduled to stop import-
ing Russian oil on Dec. 5 and ban oil-
tanker insurance, a market the EU and
35
United Kingdom dominate worldwide.
China could, in theory, pick up some
of the slack. But it already buys most of
the crude shipped from Russia’s Pacific
ports, and is ill-positioned to import from
the bigger European terminals, Kennedy
says. Beijing’s transport fleet is weighted
toward supertankers that can’t sail
through the Black Sea or the Baltic. “Any
incremental barrel will have to come
from Europe, but on whose boat?” he
asks rhetorically.
Russia and China are fated to be allies,
notes Alexander Gabuev, a senior fellow
at the Carnegie Endowment for Interna-
tional Peace. They have a 2,500-mile land
border, complementary economies, and,
of course, a common rival in the U.S. De-
spite its failures in Ukraine, Moscow also
has military technology that Beijing
wants, such as fighter jets and hyper-
sonic missiles, he says.
Cooperation on the ground has gone at
a snail’s pace, however. Putin announced
a pivot to Asia for Russian energy re-
sources in 2014, after his first invasion of
Ukraine. Last year, the Power of Siberia
pipeline delivered all of eight billion cubic
meters of natural gas to western China.
Exports to Europe were around 150
BCM.
Power of Siberia should reach 38 BCM
over the next few years, says Anne-So-
phie Corbeau, a scholar at Columbia Uni-
versity’s Center on Global Energy Policy.
Power of Siberia 2 could add another 50
BCM a decade from now.
That project remains on the drawing
board, however, as the two sides wrangle
over the end point. Moscow wants to
extend it to eastern China, so it has the
future option of shipping to Japan or
South Korea. Behind those details lurk
more fundamental considerations, Cor-
beau says: “Does China want to become
more dependent on Russia? Does Russia
want to become a satellite of China?”
The friendship, in other words, is find-
ing its limits. B
36 BARRON’S September 19, 2022

T H E ST RIKING PRIC E
Investors are better off trying to use time to their
advantage than trying to time the market, says
options strategist Michael Schwartz.

A Strategy to Protect Equity Options

CBOE Volatility Index The Equity-Only Put-Call Ratio

Against Falling Stocks VIX Close VIX Futures

38
Put-Call Ratio S&P 500 Index
265

220

30
175
By Steven M. Sears The “half and half” strategy offers a dif-
ferent way to manage risk and potential

T
130
he Tower of Babel has nothing returns. Investors who want to buy stocks 22
on Wall Street. but are worried about the price declining 85
On any given day, the Street’s can buy half as much stock as desired,
pundits and marketing machin- while selling puts on the other half to 14 40
ery extol and decry so many potential risks potentially buy more at lower prices. O N D J F M A M J J A S O N D J F M A M J J A S
and rewards that it’s often impossible to Consider Hormel Foods (HRL). The Daily Values Source: CBOE Source: McMillan Analysis Corp.
make sense of the passing scene. maker of Spam has a reputation for doing
On Monday, stocks rallied higher, and well when times are challenging. When
investor sentiment was broadly positive. people try to save money, that often bene- SPX Skew NDX Skew
But Tuesday’s release of the consumer price fits less costly foods. Implied volatility % Implied volatility %
index wasn’t the Happy CPI Day touted by With Hormel at $45.79, investors could 15% 13%
some pundits. The economic report was buy 500 shares and sell five January $41
14
worse than expected, and stocks plunged puts for about 80 cents. The strategy obli- 12
because the Federal Reserve now lacks any gates one to buy stock at an effective price of 13
pretense for reducing the pace of interest- $40.20. During the past 52 weeks, Hormel’s 12 11
rate increases. stock has ranged from $40.48 to $55.11.
Late on Thursday, the mood darkened Michael Schwartz, Oppenheimer’s chief 11 10
even more when FedEx (ticker: FDX) options strategist, says that investors are 10
suspended earnings guidance, which in- better off trying to use time to their advan- 9
9
vestors around the world took as a sign tage than trying to time the market. “Many
of a global recession. investors are confused about what comes 8 8
Inflation—as everyone who buys grocer- next, so using strategies that help monetize O N D J F M A M J J A S O N D J F M A M J J A S
ies knows—is still a major problem. For uncertainty is a way for long-term investors Source: Credit Suisse Equity Derivatives Strategy Source: Credit Suisse Equity Derivatives Strategy

people who live in the finance bubble, take to potentially profit,” he says. 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.
heed of Goldman Sachs. The bank is These strategies are ways for investors
expected to start reducing staff to reflect to engage in what we have long called
the current environment. “time arbitrage.” Investors who are com- Week’s Most Active
So far this year, we have detailed a few fortable with options can use puts and Company Symbol Tot Vol Calls Puts Avg Tot Vol IV %ile Ratio
Regulus Therapeutics RGLS 4714 4554 160 100 32 47.1
different approaches to navigating this calls to take advantage of short-term vola-
Akero Therapeutics AKRO 58680 13011 45669 1616 98 36.3
transitional time in the market. tility in anticipation that tomorrow may be Hasbro HAS 93887 10269 83618 3252 55 28.9
We advocated selling call options on less dramatic than today’s challenges. Throughworks TWKS 15717 15625 92 760 13 20.7
stocks to enhance yields. We suggested Anyone who considers this approach is EOS Energy Enterprises EOSE 36507 34989 1518 2036 97 17.9
Helix Energy Solutions HLX 10441 4399 6042 636 19 16.4
watching the Cboe Volatility Index and likely to have better outcomes than those Rent the Runway RENT 17308 13742 3566 1060 88 16.3
selling put options on blue-chip stocks who try to game single economic reports Lilium LILM 16121 15980 141 1036 99 15.6
when the VIX hits 30 to take advantage or simplistic views of technical analysis. Mattel MAT 89357 11726 77631 5968 34 15.0
Arconic ARNC 13603 12081 1522 1180 91 11.5
of extreme fear. Play the long game. Trade the market
Puma Biotechnology PBYI 4059 3951 108 396 100 10.3
We urged investors to “buy the dips and that you have, not the one that you think Planet Labs PL 22627 19688 2939 2196 1 10.3
sell the rips” to take advantage of any short- exists. Be a realist. Manage your risk. Ig- ImmunityBio IBRX 13597 10882 2715 1364 41 10.0

term rallies that might occur as the Fed nore noise and focus on well-run compa- Royalty Pharma RPRX 5426 5366 60 540 8 10.0
Milestone Pharmaceuticals MIST 4452 1732 2720 460 100 9.7
normalizes monetary policy. We advocated nies, especially when current financial Avalara AVLR 8381 8041 340 932 0 9.0
hedging portfolios when it wasn’t expensive conditions are bullying their stock prices. B Braze BRZE 2096 621 1475 244 32 8.6
and stocks were higher. Compass Minerals CMP 4580 4216 364 540 90 8.5
Altice USA ATUS 82482 39042 43440 10828 89 7.6
Rather than climbing aboard the noise Steven M. Sears is the president and chief oper-
Arqit Quantum ARQQ 7265 6201 1064 964 96 7.5
machine that is often wrong but never in ating officer of Options Solutions, a specialized
doubt, options investors can monetize asset-management firm. Neither he nor the firm This table of the most active options this week, as compared to average weekly activity – not just raw volume. The idea is that the unusually heavy trading in these options might be a predictor of
corporate activity – takeovers, earnings surprises, earnings pre-announcements, biotech FDA hearings or drug trial result announcements, and so forth. Dividend arbitrage has been eliminated. In
short-term volatility in a variety of ways has a position in the options or underlying securi- 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
to express long-term investment themes. ties mentioned in this column. 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
September 19, 2022 BARRON’S 37

COMMODITIES
state of schizophrenia.” He also said that would lead to more oil on the mar-
that OPEC+ is determined to make ket. Oil traders ought to pay close atten-
a new agreement beyond this year tion to “energy-policy changes across
“more effective than before.” Europe, the way big oil companies are
Following his comments, OPEC+— paying management teams to focus on
comprising members of the Organi- profitability and not increase volumes,
zation of the Petroleum Exporting [and] ongoing discussions from

Worries About Oil Prices Countries and their allies, including

Russia—decided to cut production by
100,000 barrels a day for October,
OPEC+,” says Marcus McGregor, direc-
tor of investment research at institu-
tional investment manager Conning.

May Be Overblown reversing the increase of 100,000

barrels a day for September.
However, many analysts don’t
believe that there’s any disconnect or
distortion in the market. “The current
oil-trading market is functioning well
There’s another thing traders should
keep in mind: “Commodity markets, oil
or otherwise, have never been predict-
able, and they never will be,” says Pavel
Molchanov, analyst at Raymond James.
The oil market is in a state of back-

B
elieve it or not, there is some
sanity to the chaos in oil
prices, which have climbed
this year to their highest
since 2008, only to fall back to their
lowest in eight months.
“The market is overreacting to fears
due either to expected tightness in
supply or, as is currently the case, to
worries about weaker oil demand due
to the threat of recession,” says Ann-
Louise Hittle, vice president of macro
oils at Wood Mackenzie. “This has
triggered a sharp pullback in prices.”
Global benchmark Brent and U.S.
benchmark West Texas Intermediate oil
on March 8 saw futures prices settle at
their highest since 2008, with Brent at
$127.98 and WTI at $123.70 a barrel.
Both have retreated from those levels,
with prices marking their lowest settle-
ments since January, with Brent at $88
and WTI at $81.94 on Sept. 7.
Saudi Arabia’s energy minister,
Prince Abdulaziz bin Salman, told
Bloomberg last month that the “paper
and physical [oil] markets have
become increasingly more discon-
nected” amid extreme volatility and
lack of liquidity. “The market is in a
By Myra P. and not suffering from distortions,” wardation, where futures prices trade
Saefong says Vikas Dwivedi, Macquarie Group’s below the spot market, reflecting the
global oil and gas strategist. “The mar- expectations that the war in Ukraine
ket has had to deal with more binary will end, he says. Still, it’s clear this
events over the past two years than just conflict will continue “well into 2023.”
about any period we’ve seen,” contrib- Raymond James estimates that
uting to unpredictability, he says. Russian oil exports have fallen by
Supply risks from the Russia- 500,000 barrels a day since February,
Ukraine war and talk of underinvest- so the European Union’s embargo
ment in oil production have helped against Russian oil, which takes effect
support oil prices, while pressure on at the end of 2022, should not be under-
prices has come from China’s Covid estimated, he says. As long as the war
lockdowns, strategic-oil-reserve re- drags on, Russia will be “the No. 1
leases from industrialized nations, and source of uncertainty vis-à-vis oil
the potential for an Iran nuclear deal supply,” Molchanov says. B

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38
IN SIDE SC OOP
Shopify CEO Bought More
Coinbase Global Stock
BY ED LIN
S
hopify CEO Tobi Lutke
continued to buy Coinbase
Global stock this month.
Lutke, who is also a
director of cryptocurrency
exchange Coinbase (ticker:
COIN), isn’t directly punch-
ing in the trades. He set up an auto-
mated Rule 10b5-1 trading plan in late
May. The plans are meant to remove
any potential bias an insider may have
from knowledge of nonpublic infor-
mation. After an insider sets parame-
ters such as price and timing, the plan
automatically executes transactions.
From Aug. 23 through Sept. 13,
Lutke’s plan paid $1.5 million in four
transactions for a total of 21,130 Coin-
base shares, an average price of $68.85
each, according to forms he filed with
the Securities and Exchange Commis-
sion. The purchases were made
Activist Holdings
Tabula Rasa Healthcare
(TRHC)
Indaba Capital Management
revealed a 24.5% stake in the
pharmacy-services company. On
Sept. 13, Indaba Capital and Tabula
Rasa reached a cooperation agree-
ment that resulted in the retirement
of Tabula Rasa’s co-founders Cal-
vin Knowlton, who served as chair-
man and CEO, and Orsula Knowl-
ton, who served as co-president
and chief marketing and new busi-
ness development officer. The
Knowltons also left Tabula Rasa’s
through an investment vehicle that
now owns 54,583 Coinbase shares.
Lutke owns 522 more Coinbase shares
in a personal account.
Shopify (SHOP) didn’t respond to
a request to make Lutke available for
comment. He founded the online-
shopping platform.
Before his latest purchases, Lutke
bought $746,436 of Coinbase stock in
two transactions earlier in August.
Coinbase stock has plunged some
70% so far this year, hurt by the tum-
bling valuations of Bitcoin and other
cryptocurrencies. But one observer is
slightly more upbeat on the shares.
This past week, J.P. Morgan analyst
Kenneth B. Worthington raised his
price target on Coinbase stock to $78
from $64. The company has “substan-
tial revenue opportunity that origi-
nates from higher interest rates,” the
analyst wrote. Worthington kept a
Neutral rating. B
board but will serve as consultants
through the end of the year. Brian
Adams, Tabula Rasa’s co-president,
will serve as interim CEO, and direc-
tor Michael Purcell has been ap-
pointed independent chair. Two In-
daba Capital representatives, Jonathan
Schwartz and founder Derek Schrier,
replaced the Knowltons on the board.
Also pursuant to the cooperation
agreement, Schrier will lead Schwartz
and one other director in a strategic
review committee tasked to drive Ta-
bula Rasa’s sale of noncore assets and
“explore other value-creation opportu-
nities.” Indaba will also withdraw a
stockholder inspection demand letter
that it sent to Tabula Rasa in late July.
BARRON’S
Original Filings
iRobot (IRBT)
Magnetar Capital initiated a
stake in the cleaning-robot maker
equal to 5.3% of its outstanding
stock. From Aug. 5 through Sept.
8, Magnetar bought a total of
1,437,824 iRobot shares at prices
ranging from $58.60 to $59.49
apiece. Magnetar also sold 781
shares on Aug. 11 and Aug. 12
at per share prices ranging from
$59.73 to $59.96. Overall, Magnetar
now holds 1,437,043 iRobot shares.
Magnetar took a stake in iRobot as
an arbitrage play, as Amazon.com
(AMZN) announced on Aug. 5 that
it intends to acquire iRobot for $61
per share in cash, valuing the com-
Shopify CEO Tobi pany at $1.7 billion.
Lutke bought $1.5
million worth of
more shares of
cryptocurrency Increases in
exchange Coin-
base, which he
serves as a
Holdings
director. MasterCraft Boat Holdings
(MCFT)
Coliseum Capital lifted its stake in
the powerboat maker to 1,795,399
shares. On Sept. 8, Coliseum Capi-
tal purchased 125,000 MasterCraft
shares at prices ranging from
$20.16 to $20.92 each. After the
fresh investment, Coliseum now
holds 9.9% of MasterCraft’s trad-
able stock.
Decreases in
Holdings
Advanced Drainage
Systems (WMS)
These disclosures are Berkshire Partners reduced its
from 13Ds filed with
the Securities and interest in the drainage-systems
Exchange Commission. company to 3,436,377 shares. Berk-
13Ds are filed within
10 days of an entity’s
shire Partners sold 754,720 Ad-
attaining more than vanced Drainage shares on Sept. 7
5% in any class of a and Sept. 8 at prices ranging from
company’s securities.
Subsequent changes $134.88 to $138.65 each. Berkshire
in holdings or inten- Partners cited no reason for reduc-
tions must be re- ing its stake in Advanced Drainage
ported in amended
filings. This material is to 4.1%. As that figure is below the
from Sept. 8 through 5% threshold, Berkshire Partners
Sept. 14, 2022.
Source: VerityData
isn’t required to disclose any fur-
(verityplatform- ther Advanced Drainage stock
.com) sales.
September 19, 2022
POWER PLAY
Activists
Ready to
Pounce
BY CARLETON ENGLISH
T
his year’s market volatil-
ity has wounded many
portfolios, but it probably
has activist investors and
bankers licking their
chops for the coming
proxy season.
“We would not be surprised if
activists uncovered opportunities
that might not have been as appar-
ent before the correction,” wrote
FTI Consulting analyst David Far-
kas and his colleagues in a recent
report. To date, the S&P 500 index
is down about 18%, and Wall
Street expects to see earnings
growth of a mere 5%, according to
Bloomberg data—making it easy
for activists to separate winners
and losers.
Not only do activist hedge funds
see opportunity, but they are also
well capitalized, sitting on an esti-
mated $200 billion ready to deploy.
Also, thanks to recent changes to
proxy voting, activists should have
an easier time getting at least one
candidate on a target’s board.
Some sectors look particularly
vulnerable to activism, according
to FTI, a global business advisory
firm based in Washington, D.C.
Airlines may be most exposed,
thanks to persistently bloated
costs, followed by smaller banks
and telecommunications firms.
Activists aren’t the only ones
likely to be busy this proxy season.
Banks, which have seen advisory
revenue dwindle this year, will
welcome being tapped to advise on
campaigns. This past week, execu-
tives at Citigroup (ticker: C) and
JPMorgan Chase (JPM) warned
that investment-banking revenue is
expected to be down 50% year over
year.
Who knows, maybe this surge
of activist activity may turn out
to be good for investors, too. B
September 19, 2022 BARRON’S 39

CHARTING THE MARKET

A graphic look at selected stock activity
for the week ended September 16, 2022
Edited by Bill Alpert

FedEx Packaging Corp. of America NCR Adobe

FDX (NYSE) • $161.02 • -48.05 PKG (NYSE) • $118.07 • -21.51 NCR (NYSE) • $23.20 • -8.94 ADBE (NASD) • $299.50 • -95.28
The delivery service pulled 2023 guidance, warning FedEx’s weak package-shipment volumes led Jeffer- Hopes of a company buyout were dashed, as NCR The software firm unpleasantly surprised Wall Street
that weak shipping volumes hurt its August quarter. ies to put a Sell rating on this packing materials said it found no buyer. It’ll split its ATM cash machine with a deal to buy the design platform Figma for $20
November earnings could be half of forecasts. supplier. Box maker International Paper slid, too. business from units focused on digital commerce. billion in cash and stock. Downgrades ensued.

Stock Price $ Stock Price $ Stock Price $ Stock Price $

283 170 49 704
257 159 43 621
231 148 37 538
205 137 31 455
179 126 25 372
153 115 19 289

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

44 8 32 54
22 4 16 27
0 0 0 0
S O N D J F M A M J J A S S O N D J F M A M J J A S S O N D J F M A M J J A S S O N D J F M A M J J A S

Nucor Roblox Humana STORE Capital

NUE (NYSE) • $117.08 • -26.48 RBLX (NYSE) • $39.50 • -6.03 HUM (NYSE) • $499.79 • 21.29 STOR (NYSE) • $31.90 • 4.17
Weak volumes at its steel mills will hit September- Cowen launched coverage of the children’s video- At its annual investor conference, the health-care In a weak market for real-estate investment trusts,
quarter Nucor earnings. U.S. Steel echoed the game platform with a Sell, saying that earnings from insurer said Covid-19 was no longer a special the No. 3 sale leaseback REIT will be bought for $21
warning. Other steel and aluminum stocks sank. a virtual-reality metaverse are five-to-10 years off. burden and raised 2022 earnings guidance. billion by the investment firms GIC and Oak Street.

Stock Price $ Stock Price $ Stock Price $ Stock Price $

191 145 510 38
169 120 477 35
147 95 444 32
125 70 411 29
103 45 378 26
81 20 345 23

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

28 340 16 86
14 170 8 43
0 0 0 0
S O N D J F M A M J J A S S O N D J F M A M J J A S S O N D J F M A M J J A S S O N D J F M A M J J A S

ChargePoint Holdings MicroStrategy Twilio Akero Therapeutics

CHPT (NYSE) • $17.97 • 0.29 MSTR (NASD) • $206.34 • -55.63 TWLO (NYSE) • $73.91 • 1.72 AKRO (NASD) • $26.02 • 14.31
The Biden administration okayed plans of 35 states To buy more Bitcoin, the software firm filed to sell The internet software firm will cut 11% of its work- A stock offering was announced by the biotech firm,
for electric-vehicle charging networks using $900 up to $500 million in its own common stock. Inves- force, to boost profit margins. The restructuring after a study showed its treatment helped a hard-to-
million in federal funds. Chargepoint’s a supplier. tors aren’t sure about its $2.9 billion bet. could cost between $70 million and $90 million. treat liver disease. Rival 89bio also got a stock pop.

Stock Price $ Stock Price $ Stock Price $ Stock Price $

32 895 377 31
27 742 314 26
22 589 251 21
17 436 188 16
12 283 125 11
7 130 62 6

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

76 16 46 62
38 8 23 31
0 0 0 0
S O N D J F M A M J J A S S O N D J F M A M J J A S S O N D J F M A M J J A S S O N D J F M A M J J A S

The charts record the net change in share price, the high, low and closing trades, and share volume for companies with noteworthy stock activity last week. In addition, the graphs depict last week’s daily price activity in detail. The dotted line on some graphs denotes the stock’s 200-day moving average; lack of a moving average means the shares have traded for less than
that time period. If the close from the current week is lower than a year ago the graph will be presented in red. If the close from the current week is higher than a year ago then the graph will be presented in green.
40 BARRON’S September 19, 2022

W I N N E R S & LO S E R S
Saturday Inbox: Sign up for the
Market Lab Newsletter every Saturday
at Barrons.com/newsletters

NYSE Biggest % Movers NYSE Most Active NYSE American Most Active Nasdaq Most Active
Winners Volume Percentage Leaders Volume Percentage Leaders Volume Percentage Leaders
Name (Sym) Volume Close Change %Chg. Name (Sym) Volume %Chg. Close Change Name (Sym) Volume %Chg. Close Change Name (Sym) Volume %Chg. Close Change
AMTD Digital(HKD) 4191 108.00 +47.00 +77.0 DirectSellingA(DSAQ) 511 1714.9 10.06 –0.05 FOXOTechnologies(FOXO) 2782 1677.6 4.02 –5.29 AkeroTherap(AKRO) 60661 2956.0 26.02 +14.31
EveHolding(EVEX) 1028 11.10 +3.39 +44.0 InfiniteAcqnA(NFNT) 2003 1358.5 9.94 –0.01 Intellinetics(INLX) 871 1059.4 4.55 –1.39 VentyxBiosciences(VTYX) 19487 1341.2 36.85 +13.75
Allego(ALLG) 6354 5.79 +1.37 +31.0 LeoHldgsII A(LHC) 3759 1001.2 9.94 +0.01 PalatinTech(PTN) 954 189.4 7.96 +1.18 AmericanPubEdu(APEI) 6155 1311.3 8.15 –0.55
AnnovisBio(ANVS) 1684 19.85 +4.55 +29.7 MineralsTechs(MTX) 7875 958.5 55.17 –7.39 IvanhoeElectric(IE) 3478 187.3 8.75 –2.36 KeyarchAcqn(KYCH) 447 1234.9 9.90 +0.05
PlanetLabs(PL) 35636 6.49 +1.13 +21.1 SoarTechAcqnA(FLYA) 840 913.1 10.26 +0.01 EvolutionPetrol(EPM) 2632 154.7 8.05 +1.41 WorldwideWebbA(WWAC) 677 1081.5 9.96 +0.01
ESSTech(GWH) 9267 4.86 +0.80 +19.7 DelekLogistics(DKL) 3031 846.9 56.01 –4.94 HNR Acqn(HNRA) 76 148.0 10.05 0.00 LakeshoreAcqnII(LBBB) 1049 1005.9 10.03 +0.01
GroveCollab(GROV) 1784 6.95 +1.09 +18.6 CrownPropA(CPTK) 1595 830.2 9.90 0.00 Electromed(ELMD) 115 145.0 11.64 +0.59 ALSPOrchidI A(ALOR) 1253 891.8 10.07 +0.01
Volta(VLTA) 27737 2.47 +0.35 +16.5 ConstellationI A(CSTA) 1445 785.3 9.90 0.00 ParkNational(PRK) 328 125.8 128.97 –3.83 SatsumaPharm(STSA) 2326 891.4 6.92 +0.51
FirstLightAcqnA(FLAG) 1684 670.3 9.93 –0.19 TompkinsFin(TMP) 398 120.3 74.68 –0.65 TLGY Acqn A(TLGY) 1769 823.8 10.07 +0.00
Losers Brown-Forman A(BF.A) 1747 635.7 71.33 –1.84 RadiantLogistics(RLGT) 1534 102.1 6.37 –0.47 AuroraTechA(ATAK) 655 801.2 10.02 +0.03
Name (Sym) Volume Close Change %Chg.
InvitatHomes(INVH) 126798 614.0 36.86 –2.69 NatlHealthcare(NHC) 314 92.4 69.76 –0.45 ProjectEnReimag(PEGR) 224 680.7 9.84 +0.01
IronNet(IRNT) 19922 1.20 –1.02 –45.9 PrimaveraCapA(PV) 1578 612.8 9.93 0.00 RileyExpln(REPX) 411 90.1 22.06 –1.76 UnitedSecBcshrs(UBFO) 341 637.8 6.54 –0.37
GettyImages(GETY) 6219 8.49 –4.03 –32.2 TwinRidgeCapA(TRCA) 567 488.1 9.90 +0.02 BarHarborBkshs(BHB) 201 89.5 28.37 +0.44 CoStar(CSGP) 70346 636.0 70.45 –7.97
System1(SST) 3224 7.47 –3.46 –31.7 LongviewII A(LGV) 3891 429.2 9.81 –0.01 CheniereEnergy(LNG) 22949 86.6 167.25 +6.00 RackspaceTech(RXT) 35839 611.5 5.33 +0.01
a.k.a.Brands(AKA) 1395 1.53 –0.61 –28.5 SES AI(SES) 14416 428.2 5.74 +0.54 ArenaGroup(AREN) 626 77.6 12.15 –0.92 Altimmune(ALT) 66206 604.8 13.67 –6.31
NCR(NCR) 19255 23.20 –8.94 –27.8 Core&Main(CNM) 10117 397.4 23.28 –0.99 Cryo-Cell(CCEL) 53 69.7 7.50 +0.56 FirstWatchRest(FWRG) 3748 557.1 15.11 –3.38
BlueApron(APRN) 26016 5.23 –1.85 –26.1 V2X(VVX) 1331 374.2 38.81 +2.59 CheniereEnerPtrs(CQP) 2032 66.6 54.10 –3.18 Consilium I A(CSLM) 571 527.6 9.90 –0.02
LocalBounti(LOCL) 3360 2.56 –0.82 –24.3 OutfrontMedia(OUT) 42562 371.1 18.11 –1.58 FriedmanInds(FRD) 182 66.3 7.80 –1.27 ConsldWater(CWCO) 2801 506.5 17.41 –0.42
FathomDigital(FATH) 701 2.39 –0.76 –24.1 SpectrumBrands(SPB) 8171 353.1 47.05 –14.37 EvansBancorp(EVBN) 110 60.4 38.65 +0.44 EdgewiseTherap(EWTX) 6606 486.1 9.58 –2.84
TigaAcqnA(TINV) 1871 350.5 10.36 +0.00 BlueRidgeBkshs(BRBS) 224 52.7 13.10 –1.27 GlblTechAcqnI(GTAC) 527 477.7 10.05 +0.00

NYSE American Biggest % Movers By Share Volume By Share Volume By Share Volume
Winners Name (Sym) Volume Close Change %Chg. Name (Sym) Volume Close Change %Chg. Name (Sym) Volume Close Change %Chg.
Name (Sym) Volume Close Change %Chg. FordMotor(F) 322077 14.72 –0.70 –4.5 TimberPharm(TMBR) 120348 0.12 +0.01 +4.6 Apple(AAPL) 570541 150.70 –6.67 –4.2
AirspanNetworks(MIMO) 80 2.99 +0.75 +33.3 NIO(NIO) 321493 20.15 +0.99 +5.2 Tellurian(TELL) 94722 3.95 –0.52 –11.6 AdvMicroDevices(AMD) 381294 76.51 –8.94 –10.5
EvolutionPetrol(EPM) 2632 8.05 +1.41 +21.2 AT&T(T) 235115 16.74 –0.29 –1.7 RaMedicalSys(RMED) 89299 0.14 –0.01 –6.2 Tesla(TSLA) 341043 303.35 +3.67 +1.2
PalatinTech(PTN) 954 7.96 +1.18 +17.4 Carnival(CCL) 221951 10.76 +0.36 +3.5 CamberEnergy(CEI) 89165 0.26 –0.06 –19.3 Amazon.com(AMZN) 339938 123.53 –9.74 –7.3
ArmataPharm(ARMP) 45 4.21 +0.59 +16.3 Vale(VALE) 207206 12.98 –0.53 –3.9 UraniumEner(UEC) 61747 3.88 –0.56 –12.6 NVIDIA(NVDA) 297960 131.98 –11.89 –8.3
IdahoStratRscs(IDR) 100 5.80 +0.60 +11.5 BankofAmerica(BAC) 202342 34.12 –0.82 –2.3 Globalstar(GSAT) 57216 1.83 +0.06 +3.4 Intel(INTC) 262306 29.24 –2.22 –7.1
Birks(BGI) 257 5.74 +0.56 +10.8 SouthwesternEner(SWN) 197952 7.21 –0.44 –5.8 BitNile(NILE) 48478 0.25 –0.03 –11.5 SoFiTech(SOFI) 238829 6.05 –0.28 –4.4
BK Tech(BKTI) 144 2.55 +0.24 +10.4 Snap(SNAP) 187966 11.30 –1.35 –10.7 B2Gold(BTG) 46972 3.30 –0.19 –5.4 FaradayFuture(FFIE) 235412 0.97 –0.14 –13.1
DecisionPointSys(DPSI) 139 5.93 +0.52 +9.6 Uber(UBER) 185939 31.93 +0.15 +0.5 GranTierraEner(GTE) 41854 1.39 +0.01 +0.7 MetaPlatforms(META) 185320 146.29 –22.86 –13.5
PalantirTech(PLTR) 183507 7.78 –0.01 –0.1 AmpioPharm(AMPE) 41494 0.09 0.00 0.0 Comcast A(CMCSA) 178254 34.52 –0.91 –2.6
Losers OccidentalPetrol(OXY) 161839 64.41 –1.20 –1.8 DenisonMines(DNN) 38268 1.26 –0.19 –13.1 Alphabet C(GOOG) 165630 103.63 –8.15 –7.3
Name (Sym) Volume Close Change %Chg.
AMTD IDEA(AMTD) 161155 1.78 +0.36 +25.4 Zomedica(ZOM) 38238 0.25 +0.00 +0.7 Rivian(RIVN) 164662 39.26 +1.71 +4.6
FOXOTechnologies(FOXO) 2782 4.02 –5.29 –56.8 AMC Ent(AMC) 151106 8.98 –0.74 –7.6 NewGold(NGD) 33244 0.91 +0.12 +15.3 Alphabet A(GOOGL) 164339 102.80 –7.85 –7.1
1847Holdings(EFSH) 229 2.04 –1.07 –34.4 Nokia(NOK) 151009 4.63 –0.44 –8.7 SilvercorpMetals(SVM) 30382 2.32 –0.08 –3.3 Grab(GRAB) 157801 2.98 –0.17 –5.4
Intellinetics(INLX) 871 4.55 –1.39 –23.4 ItauUnibanco(ITUB) 142289 5.05 –0.12 –2.3 CheniereEnergy(LNG) 22949 167.25 +6.00 +3.7 Microsoft(MSFT) 147188 244.74 –19.72 –7.5
KnowLabs(KNW) 12435 2.10 –0.58 –21.6 NuHoldings(NU) 138121 5.28 –0.11 –2.0 Senseonics(SENS) 22382 1.54 –0.06 –3.8 AmerAirlines(AAL) 145198 13.75 –0.44 –3.1
IvanhoeElectric(IE) 3478 8.75 –2.36 –21.2 Roblox(RBLX) 136801 39.50 –6.03 –13.2 iBio(IBIO) 16154 0.46 +0.18 +62.4 Lucid(LCID) 136717 16.18 +1.10 +7.3
FreshVineWine(VINE) 74 2.40 –0.63 –20.8 Transocean(RIG) 132411 3.03 –0.72 –19.2 EnergyFuels(UUUU) 12633 6.51 –1.17 –15.2 CSX(CSX) 134332 29.49 –3.14 –9.6
EmpirePetrol(EP) 602 12.01 –2.67 –18.2 Shopify(SHOP) 132199 31.73 –3.08 –8.8 KnowLabs(KNW) 12435 2.10 –0.58 –21.6 DraftKings(DKNG) 128945 18.60 +0.97 +5.5
CentrusEnergy(LEU) 1199 45.88 –8.73 –16.0 Verizon(VZ) 130815 41.25 –0.99 –2.3 EquinoxGold(EQX) 12216 3.37 –0.22 –6.1 HuntingtonBcshs(HBAN) 124685 13.71 –0.43 –3.0

Nasdaq Biggest % Movers By Dollar Volume By Dollar Volume

Name (Sym) $ Volume Close Change %Chg.
By Dollar Volume
Name (Sym) $ Volume Close Change %Chg.
Name (Sym) $ Volume Close Change %Chg.
Winners CheniereEnergy(LNG) 3880409 167.25 +6.00 +3.7 Tesla(TSLA) 101954845 303.35 +3.67 +1.2
Chevron(CVX) 13275258 156.45 –3.52 –2.2
Name (Sym) Volume Close Change %Chg.
ExxonMobil(XOM) 11019692 93.21 –3.29 –3.4 Tellurian(TELL) 376363 3.95 –0.52 –11.6 Apple(AAPL) 88003609 150.70 –6.67 –4.2
AkeroTherap(AKRO) 60661 26.02 +14.31 +122.2 UraniumEner(UEC) 249390 3.88 –0.56 –12.6 Amazon.com(AMZN) 43012415 123.53 –9.74 –7.3
OccidentalPetrol(OXY) 10591235 64.41 –1.20 –1.8
ZeroFox(ZFOX) 4572 7.06 +2.95 +71.8 B2Gold(BTG) 159286 3.30 –0.19 –5.4 NVIDIA(NVDA) 39486175 131.98 –11.89 –8.3
Snowflake(SNOW) 8849074 184.67 –3.52 –1.9
VentyxBiosciences(VTYX) 19487 36.85 +13.75 +59.5 CheniereEnerPtrs(CQP) 112662 54.10 –3.18 –5.6 Microsoft(MSFT) 36835323 244.74 –19.72 –7.5
J&J(JNJ) 8272681 167.60 +1.89 +1.1
Akouos(AKUS) 982 5.16 +1.87 +56.8 ImperialOil(IMO) 106795 45.80 –2.69 –5.5 AdvMicroDevices(AMD) 29784106 76.51 –8.94 –10.5
UnitedHealth(UNH) 8122406 521.02 –3.32 –0.6
AppliedOptoelec(AAOI) 80018 3.76 +1.26 +50.4 Globalstar(GSAT) 102797 1.83 +0.06 +3.4 MetaPlatforms(META) 28318090 146.29 –22.86 –13.5
Oracle(ORCL) 7471134 68.83 –7.08 –9.3
InnovAge(INNV) 2249 5.53 +1.74 +45.9 EnergyFuels(UUUU) 88898 6.51 –1.17 –15.2 Alphabet C(GOOG) 17412374 103.63 –8.15 –7.3
HomeDepot(HD) 7266234 275.97 –23.80 –7.9
Immuneering(IMRX) 637 12.28 +3.41 +38.4 SilvercorpMetals(SVM) 70909 2.32 –0.08 –3.3 Alphabet A(GOOGL) 17160430 102.80 –7.85 –7.1
Alibaba(BABA) 7082490 86.43 –5.71 –6.2
NanoLabs(NA) 701 5.56 +1.52 +37.6 GranTierraEner(GTE) 59941 1.39 +0.01 +0.7 Adobe(ADBE) 16924100 299.50 –95.28 –24.1
FedEx(FDX) 6970034 161.02 –48.05 –23.0
Losers BankofAmerica(BAC) 6922387 34.12 –0.82 –2.3 CentrusEnergy(LEU) 58763 45.88 –8.73 –16.0 Netflix(NFLX) 14024119 240.13 +6.56 +2.8
Name (Sym) Volume Close Change %Chg. NIO(NIO) 6836437 20.15 +0.99 +5.2 DenisonMines(DNN) 52049 1.26 –0.19 –13.1 Broadcom(AVGO) 8499534 502.50 –19.90 –3.8
JPMorganChase(JPM) 6571226 117.08 –2.09 –1.8 EquinoxGold(EQX) 42867 3.37 –0.22 –6.1 Intel(INTC) 7751976 29.24 –2.22 –7.1
VintageWineEstates(VWE) 7087 3.10 –2.64 –46.0
Boeing(BA) 6298056 144.29 –13.23 –8.4 ParkNational(PRK) 42354 128.97 –3.83 –2.9 PayPal(PYPL) 7056790 94.00 –2.23 –2.3
PepGen(PEPG) 286 5.63 –4.27 –43.1
BerkHathwy B(BRK.B) 6180681 274.81 –10.96 –3.8 MAG Silver(MAG) 41482 12.20 –0.89 –6.8 Starbucks(SBUX) 6540765 91.31 +2.62 +3.0
RenttheRunway(RENT) 22288 2.90 –1.58 –35.3
Uber(UBER) 5991956 31.93 +0.15 +0.5 IndonesiaEnergy(INDO) 38837 6.70 –0.66 –9.0 EnphaseEnergy(ENPH) 6463233 318.01 +12.31 +4.0
Omeros(OMER) 3840 3.51 –1.84 –34.4
Roblox(RBLX) 5856719 39.50 –6.03 –13.2 NovaGoldRscs(NG) 36384 4.45 –0.13 –2.8 Rivian(RIVN) 6437903 39.26 +1.71 +4.6
LesakaTech(LSAK) 776 3.50 –1.67 –32.3
Disney(DIS) 5834180 108.25 –6.93 –6.0 Senseonics(SENS) 34550 1.54 –0.06 –3.8 TexasInstruments(TXN) 6142875 165.26 –5.48 –3.2
AlaunosTherap(TCRT) 75383 2.50 –1.19 –32.2
BerkHathwy A(BRK.A) 5818169414537.00–15282.41 –3.6 SilverCrestMetals(SILV) 33128 5.58 –0.38 –6.4 Comcast A(CMCSA) 6124355 34.52 –0.91 –2.6
Altimmune(ALT) 66206 13.67 –6.31 –31.6
Visa(V) 5735171 193.30 –11.90 –5.8 KnowLabs(KNW) 32941 2.10 –0.58 –21.6 PepsiCo(PEP) 5963618 166.97 –6.25 –3.6
SarcosTech&Robotic(STRC) 6200 2.83 –1.07 –27.4

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
September 19, 2022
M A R K E T VI E W
The Poor(er) U.S. Consumers
The Week in 60 Seconds
Wells Fargo
wellsfargo.com
Sept. 16: The Fed released U.S. household
balance-sheet statistics for the June quarter,
and as we forecasted three months ago, a
drop in equity values drove a $6 trillion
(4.1%) decline in aggregate net worth, to
$144 trillion. This was the largest quarterly
decline in net worth since the onset of Covid
(1Q20: -5.1%), and before that, the financial
crisis (4Q08: -5.0%).
Equities fell 17%, from $38.4 trillion, and
to only 19.7% of total assets (Q1-end: 22.8%).
The 19.7% is the lowest since 2Q20. The
decline in equities was only slightly offset
by rising real estate values. Cash ticked
slightly lower ($18.52 trillion vs. $18.65 tril-
lion), the first decline since 2Q19.
Shrinking household balance sheets, the
draw-down of excess savings, and the reli-
ance on revolving credit suggest that the
American consumer is running on fumes.
A recession by the first half of 2023 may
be inevitable.
—Christopher P. Harvey, Gary S. Liebowitz,
Anna Han
Big Chill in Housing
Commentary & Analysis
Maria Fiorini Ramirez Inc.
mfr.com
Sept. 14: For the week ended on Sept. 9,
overall mortgage applications fell by a week-
to-week 1.2% after easing by 0.8% in the
preceding span. Applications for home
purchase inched up by 0.2% after ebbing
by 0.7% in the prior week. Applications for
refinancing purposes dropped by 4.2% after
declining by 1.1% in the previous week.
While week-to-week movements in
these data can be affected by seasonal-
adjustment difficulties, it is nonetheless
clear that the downward trend continues
for home-purchase applications. Refi appli-
cations, meanwhile, continue to decline,
while mortgage rates have resumed rising.
The purchase index, after having re-
bounded for some time, dropped sharply in
To be considered for this section, material, with
the author’s name and address, should be sent
to MarketWatch@barrons.com.
BARRON’S
February and briefly stabilized in March;
since then, it has been sinking further. A
combination of substantially higher mortgage
rates and a steep run-up in house prices is
having a significant negative effect on de-
mand. The refi index shows an even starker
picture, with soaring mortgage rates having a
chilling effect on demand for mortgage refi-
nancing.
—Joshua Shapiro
Please Listen to the Fed!
Weekly Technical Review
Macro Tides
macrotides.com
Sept. 13: Wall Street has been consistently
wrong about what the FOMC [Federal
Open Market Committee] would do, despite
being told repeatedly by FOMC members
what they planned. In March, the FOMC
said it would increase the funds rate expedi-
tiously to neutral last spring and, in recent
weeks, that an increase to 3.75% to 4.25%
was likely. Fed Chairman Jerome Powell’s
Jackson Hole speech was a wake-up call,
but Wall Street has continued to harbor the
bullish illusion that the FOMC will be cut-
ting rates next year. The latest consumer-
price-index miss relative to CPI forecasts
was a jolt, since the Street has been overfo-
cused on inflation easing as the basis for its
dovish posture. The FOMC is now far more
likely to increase the funds rate by 0.75
[percentage point] at the Sept. 21 meeting
than the 0.50 that I thought was possible...
The FOMC members have referenced the
“extreme” tightness in the labor market for
months, but investors have not been listen-
ing. Sooner or later, Wall Street will experi-
ence another narrative adjustment when the
FOMC’s messaging about the need to create
more slack in the labor market, and an atten-
dant increase in the unemployment rate to
5% or higher, sink in.
—Jim Welsh
Don’t Buy the Plunge
The Lancz Letter
Lancz Global
lanczglobal.com
Sept. 13: Why are [we] not more positive on
the stock and bond markets, especially after
prices plunged through most of 2022? Typi-
cally, we would be buyers into weakness, but
“Shrinking household balance sheets, the draw-
down of excess savings, and the reliance on
revolving credit suggest that the American
consumer is running on fumes. A recession
by the first half of 2023 may be inevitable.”
Christopher P. Harvey, Gary S. Liebowitz, Anna Han; Wells Fargo
one year ago, our research saw the highest
level of risk being taken by investors since
the late 1990s. [It] was a pivotal time when
investors didn’t understand the amount of
risk they were taking, nor the degree of risk
in bonds or those 60/40 stock/bond allo-
cated portfolios. The Russia/Ukraine conflict
made our energy overweight pay off even
more quickly than we expected, but other
sectors will struggle from this rising interest
rate and high inflationary environment.
Earnings will struggle in most other sectors,
so the latest plunge in valuations is not yet as
appealing in the current scenario as it would
have been typically. In other words, if earn-
ings decline while many balance sheets have
deteriorated, then current price/earnings
ratios will need to be adjusted. It is more
critical than ever to be selective, as there
will be more losers than winners.
—Alan B. Lancz
The Case for Europe
Commentary
Advisors Capital Management
advisors.com
Sept. 12: Europe’s short-term challenges
Market Sentiment
Citigroup Panic/Euphoria Model Last –0.14
A S O N D J
The panic/euphoria model is a gauge of investor sentiment. It identifies "Panic" and "Euphoria" levels which are statistically driven buy and sell
signals for the broader market. Historically, a reading below panic supports a better than 95% likelihood that stock prices will be higher one year
later, while euphoria levels generate a better than 80% probability of stock prices being lower one year later.
41
This commentary was issued recently by
money managers, research firms, and market
newsletter writers. Edited by Barron’s staff.
don’t change the long-term fundamentals
for most of Europe’s companies, and even
the short-term impact will be muted for
many. Many larger companies, especially,
don’t depend solely on Europe’s near-term
economic fundamentals. There are several
global leaders based in Europe, but with
majority exposure to other parts of the
world. Our holdings include worldwide
industry juggernauts in such areas as food
products; luxury consumer goods; semicon-
ductor fabrication equipment; chemicals,
food, and fragrance ingredients; industrial
automation tools and services; 3-D design
software; and biotechnology therapeutic
solutions. A few of these lack meaningful
competitors from the U.S. or anywhere else
in the world. Those that do face competition
currently enjoy a competitive edge due to
the cheap euro...
European stock valuations are beyond
compelling—some would say stupid cheap.
The relative price-to-book ratio shows Eu-
rope’s valuation at 44% of the U.S. When
this ratio moved below 70% in late 2001,
considered cheap at the time, European
stocks outperformed U.S. stocks by 166%
over the next seven years.
—David Ruff
Euphoria Neutral Panic
1.2
0.8
0.4
0
-0.4
-0.8
-1.2
F M A M J J A S
Source: Citigroup Investment Research - US Equity Strategy
42 BARRON’S September 19, 2022

Barron's 50-Stock Average 55 Dow Jones Per Share Values 54 Mutual Funds 51 Week In Stocks 54

DATA
Cash Track 51 Exchange Traded Portfolios 50 N.Y. Stock Exchange 42 Weekly Bond Statistics 56
Charting the Market 39 Federal Reserve Data Bank 56 Nasdaq National Market 46 Winners & Losers Stocks 40
Coming Earnings 55 Foreign Exchange 55 New Corporate Listings 54
Conference Call Calendar 55 Gold & Silver Prices 56 New Highs & Lows 57
Delta Tactical Sentiment 55 Gold Mining Index 56 NYSE Half-Hourly Volume 54
Distributions & Offerings 56 Indexes P/Es & Yields 54 Other Market Indexes 53
Dividend Boosts - Reductions 56 Initial Public Offerings 54 Pulse of the Economy 55
Dividend Ex-Payment Dates 56 Investor Sentiment Readings 54 Stock Splits - Special Dividends 56
DJ Averages 53 Key Foreign Market Indexes 49 Stock Volume 54
DJ U.S. Total Market Industry Groups 55 Market Lab 53 Trading Diary 53
Contact Us
Dow Jones Averages 53 Money Rates, U.S. & Foreign 55 Vital Signs 33 For queries, email us at
Statistics from September 12-16, 2022 memberservices@dowjones.com

NEW YORK STOCK EXCHANGE COMPOSITE LIST - NEW HIGHS - NEW LOWS

–52-Week– Tick Div –52-Week– Tick Div –52-Week– Tick Div –52-Week– Tick Div –52-Week– Tick Div
High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt.
99.20 80.27 Ameren AEE 2.6 24 91.73 –3.88 .59 9.90 9.67 ArctosNorthA ANAC ... 36 9.89 ... ... 59.34 46.12 BCE BCE 6.1 19 46.94 –1.97.7125 13.80 6.96 Bowlero BOWL ... dd 13.43 +1.45 ...
AB 101.86 40.73 Ameresco AMRC ... 41 73.17 –1.57 ... 49.10 16.74 ArcusBiosci RCUS ... 36 25.92 +0.46 ... 12.35 0.99 BEST BEST ... 0 1.00 –0.15 ... 33.04 22.18 Box BOX ... dd 26.30 –0.84 ...
22.65 16.64 AmericaMovil AMX 2.0 13 16.84 –0.50.4414 10.56 5.35 ArdaghMetalPkg AMBP 6.7 dd 5.94 –0.55 .10 15.65 11.61 BGSF BGSF 4.7 11 12.66 +0.68 .15 17.05 0.90 Boxed BOXD ... dd .95 –0.11 ...
52.83 30.90 AAR AIR ... 17 38.33 –4.70 ... 22.57 16.52 AmericaMovil A AMOV 3.8 13 16.77 –0.47.4414 10.57 3.09 ArdmoreShipping ASC ... dd 10.00 +0.15 ... 71.04 46.27 BHP Group BHP 12.7 4 50.95 –2.39 3.50 72.72 47.66 BoydGaming BYD .0 10 51.85 –4.93 .15
39.11 25.80 ABB ABB 2.6 13 27.13 –1.39.7066 40.83 26.49 AmericanAssets AAT 4.7 42 27.41 –0.64 .32 9.94 9.70 AresAcqnA AAC ... 38 9.93 +0.02 ... 11.14 0.30 BitMining BTCM ... dd .30 –0.09 ... 55.95 41.70 Brady BRC 2.1 15 43.23 –1.53 .23
54.00 38.08 ABMIndustries ABM 1.9 13 40.13 –5.87 .195 11.96 6.36 AmericanAxle AXL ... dd 8.70 –1.01 ... 16.48 11.18 AresCommRealEst ACRE10.4 11 12.69 –0.73 .02 79.69 51.45 BJ'sWholesale BJ ... 22 78.45 –0.46 ... 6.64 4.06 BraemarHtls BHR .8 87 5.16 –0.12 .01
9.50 5.23 ACCO Brands ACCO 5.5 5 5.44 –0.36 .075 29.19 9.94 AmerEagle AEO 6.6 12 10.95 +0.26 .18 90.08 53.15 AresMgmt ARES 3.3 48 74.66 –4.08 .61 10.04 9.64 BoaAcqnA BOAS ... 32 9.84 ... ... 14.88 7.82 BrandywineRealty BDN 9.2 90 8.29 –0.10 .19
16.45 7.78 AcresCmclRlty ACR ... dd 9.20 –0.44 ... 44.49 27.12 AmEqtyLf AEL .9 3 37.50 –0.14 .34 46.24 32.01 Argan AGX 3.0 19 33.00 –1.70 .25 34.30 24.53 BP BP 4.3 dd 31.01 –0.68.3604 9.82 4.11 BrasilAgro LND 14.6 6 5.79 –0.02.4586
32.00 5.20 ADC Therap ADCT ... dd 5.25 –0.92 ... 199.55 134.12 AmerExpress AXP 1.4 16 153.08 –5.36 .52 61.30 19.22 ArgoGroup ARGO 5.3 dd 23.58 +1.54 .31 26.08 3.41 BP Prudhoe BPT 20.6 9 15.26 –1.011.405 25.80 10.72 Braskem BAK 29.5 4 10.94 –1.13 .708
10.39 6.00 ADT ADT 1.7 dd 8.17 –0.22 .035 152.29 122.71 AmericanFin AFG 1.7 11 128.64 –3.29 .56 23.58 10.06 ArisWater ARIS 2.1 dd 15.94 –0.60 .09 34.00 6.62 BRC BRCC ... dd 8.35 –0.62 ... 84.61 34.55 BreadFinancial BFH 2.2 3 37.48 –2.36 .21
10.39 9.12 AEA-BridgesA IMPX ... 57 10.15 +0.14 ... 44.07 32.60 AmHomes4Rent AMH 2.0 62 35.68 –1.37 .18 148.57 85.18 AristaNetworks ANET ... 36 115.73 –8.68 ... 5.19 2.30 BRF BRFS ... dd 2.77 –0.33 ... 25.61 13.74 BridgeInvt BRDG 7.5 12 15.97 –0.04 .30
79.97 60.74 AECOM ACM .8 34 71.26 –3.87 .15 65.73 48.40 AIG AIG 2.4 4 53.65 –1.39 .32 4.04 2.88 ArlingtonAsset AAIC ... dd 3.06 –0.13 ... 25.67 18.35 BRT Apartments BRT 4.6 5 21.82 –1.35 .25 33.64 18.53 BrighamMin MNRL 2.2 13 26.94 –1.00 .61
27.79 18.62 AES AES 2.4 dd 25.92 –1.51 .158 23.02 10.02 AmRltyInv ARL ... 6 13.75 –0.25 ... 11.79 5.20 ArloTech ARLO ... dd 5.31 –0.36 ... 62.53 42.58 BWX Tech BWXT 1.7 16 52.65 –1.77 .22 10.19 1.38 BrightHealth BHG ... dd 1.38 –0.25 ...
67.20 51.28 Aflac AFL 2.7 9 59.50 –2.38 .40 103.77 71.22 AmerStWater AWR 1.9 39 85.79 +1.40.3975 15.80 12.25 ArmadaHoffler AHH 6.0 34 12.59 –0.51 .19 10.37 5.19 Babcock&Wilcox BW ... 39 8.06 –0.42 ... 171.91 62.42 BrightHorizons BFAM ... 43 63.24 –7.02 ...
150.28 88.55 AGCO AGCO .9 10 103.69 –9.74 .24 297.55 220.00 AmerTowerREIT AMT 2.2 40 245.89 –15.70 1.43 11.18 5.57 ArmourResREIT ARR 18.3 dd 6.55 –0.65 .10 16.00 0.59 Babylon BBLN ... dd .63 –0.08 ... 12.76 2.04 BrightScholar BEDU ... ... 3.10 –0.04 ...
13.49 5.57 AG Mortgage MITT 14.1 dd 5.94 –0.02 .21 25.99 13.82 AmerVanguard AVD .5 22 19.89 –0.32 .025 118.14 73.25 ArmstrongWorld AWI 1.1 21 83.54 –3.45 .231 112.36 73.20 BadgerMeter BMI 1.0 43 93.21 –3.88 .225 31.17 16.18 BrightSphere BSIG .2 7 16.79 –1.64 .01
15.23 1.53 a.k.a.Brands AKA ... dd 1.53 –0.61 ... 189.65 129.45 AmerWaterWorks AWK 1.8 21 148.40 –6.50 .655 137.95 94.45 ArrowElec ARW ... 5 96.11 –8.14 ... 50.80 1.98 Bakkt BKKT ... dd 2.52 –0.44 ... 10.42 7.09 BrightSpire BRSP 9.7 15 8.22 –0.22 .20
28.49 5.96 AMC Ent AMC ... dd 8.98 –0.74 ... 11.40 2.52 AmericanWell AMWL ... dd 3.97 –0.36 ... 52.42 31.23 ArtisanPtrsAsset APAM10.9 8 31.84 –2.01 .60 97.99 54.56 Ball BALL 1.4 25 56.66 –2.67 .20 17.53 8.60 BrightView BV ... 35 8.78 –1.05 ...
129.12 82.76 AMN Healthcare AMN ... 11 105.08 –1.02 ... 11.55 10.01 AmericasTechA ATA ... cc 10.40 ... ... 24.65 15.44 Artivion AORT ... dd 21.07 –1.18 ... 55.03 17.54 Bally's BALY ... dd 24.20 –0.97 ... 54.40 21.47 BrinkerIntl EAT ... 11 28.34 –1.31 ...
2555.30 12.05 AMTD Digital HKD ... ... 108.00 +47.00 ... 35.14 23.96 AmericoldRealty COLD 3.1 dd 28.37 –1.80 .22 145.79 16.19 Asana ASAN ... dd 24.03 –0.63 ... 22.09 16.66 BancCalifornia BANC 1.4 11 17.21 –0.40 .06 73.42 52.12 Brink's BCO 1.5 15 53.25 –2.39 .20
12.90 1.01 AMTD IDEA AMTD ... 3 1.78 +0.36 ... 332.37 219.99 Ameriprise AMP 1.8 10 272.26 –14.35 1.25 230.97 146.43 AsburyAutomotive ABG ... 5 156.84 –13.85 ... 4.48 2.03 BancoBBVA BBAR .0 2 3.18 –0.19.0191 80.59 53.22 BristolMyers BMY 3.0 24 71.52 +1.36 .54
10.14 9.86 AP Acqn A APCA ... ... 10.14 +0.01 ... 167.19 113.68 AmerisourceBrgn ABC 1.3 16 140.55 –6.72 .46 10.40 9.80 AscendantDigA ACDI ... 31 10.13 –0.02 ... 7.26 3.93 BancoBilbaoViz BBVA 5.6 5 4.93 +0.09.2493 0.25 0.07 BristolMyersRt CELG.RT67.3 ... .16 +0.03.1046
4.18 2.40 ARC Document ARC 7.1 11 2.82 –0.16 .05 148.07 106.17 Ametek AME .7 25 118.95 –6.83 .22 17.21 4.61 AshfordHosp AHT ... dd 8.74 –1.24 ... 3.55 2.45 BancoBradesco BBDO 2.8 7 3.01 –0.05.0032 40.10 21.61 Bristow VTOL ... cc 26.48 –0.95 ...
8.65 4.88 ASETech ASX 10.2 5 5.57 –0.18.4794 5.99 2.15 AmnealPharm AMRX ... dd 2.34 +0.03 ... 112.91 83.29 Ashland ASH 1.4 29 98.73 –3.49 .335 22.74 15.60 BancodeChile BCH 5.5 7 18.74 –0.58 .855 47.24 33.62 BritishAmTob BTI 7.1 13 39.49 –1.18.7354
131.89 78.26 ASGN ASGN ... 11 92.02 –5.55 ... 6.67 3.06 Ampco-Pitt AP ... dd 4.04 –0.01 ... 65.99 7.93 AspenAerogels ASPN ... dd 12.20 –1.22 ... 19.33 12.58 Bladex BLX 6.7 7 15.00 +0.10 .25 27.19 19.42 BrixmorProp BRX 4.5 22 21.27 –1.31 .24
21.53 16.55 AT&T T 6.6 6 16.74 –0.29.2775 88.45 61.67 Amphenol APH 1.1 25 72.73 –3.17 .20 29.54 16.88 AssetMarkFin AMK ... 20 19.41 –0.34 ... 19.92 9.72 BancoMacro BMA 4.2 4 16.36 –0.41 .082 10.49 6.11 BroadmarkRealty BRMK 13.1 11 6.39 +0.06 .07
33.31 13.85 ATI ATI ... cc 30.10 –1.02 ... 7.98 4.87 BancSanBrasil BSBR 7.0 ... 5.68 –0.20.0365 185.40 132.40 BroadridgeFinl BR 1.8 36 163.63 –8.78 .725
9.86 2.60 AmplifyEnergy AMPY ... cc 7.43 –0.54 ... 25.78 17.45 AssociatedBanc ASB 3.9 10 20.69 +0.02 .20
4.57 0.85 ATI PhysTherapy ATIP ... dd 1.15 –0.01 ... 22.95 13.77 BcoSantChile BSAC ... 7 15.36 –1.17 ... 27.25 18.57 Broadstone BNL 5.7 26 19.09 –0.43 .27
26.01 7.90 AmpriusTech AMPX ... ... 8.30 –1.70 ... 47.50 33.69 AssocCapital AC .5 dd 38.70 –1.48 .10
19.05 12.27 A10Networks ATEN 1.6 10 12.88 –0.77 .05 6.48 4.52 BcoSantMex BSMX 11.5 6 5.28 –0.16.3272 7.70 4.02 BrookdaleSrLiving BKD ... dd 5.25 +0.20 ...
10.14 9.94 AxiosSustGrwA AXAC ... ... 10.10 ... ... 18.80 9.88 Amrep AXR ... 6 13.09 +1.60 ... 194.12 144.18 Assurant AIZ 1.8 31 154.83 –8.87 .68
10.31 9.84 AndrettiAcqnA WNNR ... dd 10.08 +0.01 ... 65.68 44.94 AssuredGuaranty AGO 1.9 13 53.56 –0.76 .25 4.01 2.28 BancoSantander SAN 2.8 5 2.63 +0.08.0571 62.47 42.21 BrookfieldMgt BAM 1.2 21 48.03 –2.27 .14
0.16 0.04 AxiosSustGrwRt AXAC.RT ... ... .06 –0.02 ... 45.98 26.27 BanColombia CIB 4.0 8 27.64 –1.07.7403 64.09 42.29 BrookfieldReins BAMR .0 ... 47.97 –2.37 .14
61.39 44.49 AXIS Capital AXS 3.2 11 53.50 –0.80 .43 18.73 12.20 AngelOakMtg AOMR12.2 dd 14.74 +0.07 .45 32.00 4.66 Atento ATTO ... dd 4.84 –0.44 ...
10.08 9.60 AngelPondA POND ... 52 9.84 –0.05 ... 10.26 9.85 AthenaCnsmrA ACAQ ... dd 10.05 –0.02 ... 50.11 29.67 BankofAmerica BAC 2.6 11 34.12 –0.82 .22 36.79 21.00 BrookfieldBus BBUC 1.0 2 24.91 –1.61.0625
46.56 15.52 AZEK AZEK ... 24 17.96 –1.78 ... 41.69 28.67 BankofButterfield NTB 5.3 9 32.94 –0.49 .44 53.64 37.93 BrookfieldInfr BIPC 2.9 30 49.10 +0.32 .36
58.59 38.00 AZZ AZZ 1.7 12 39.85 –2.57 .17 26.96 12.44 AngloGoldAsh AU 3.3 10 12.85 –1.25.2935 9.97 9.55 AthenaTechII A ATEK ... dd 9.86 +0.01 ...
67.91 47.23 AB InBev BUD .8 26 49.43 –0.47.3998 123.53 76.55 Atkore ATKR ... 4 79.50 –8.91 ... 92.38 70.89 BankofHawaii BOH 3.5 14 79.37 –0.08 .70 46.01 35.81 BrookfieldInfr BIP 3.6 45 40.55 –1.70 .36
31.69 11.27 Aaron's AAN 3.7 7 12.21 –0.05.1125 122.77 90.41 BankofMontreal BMO 3.5 7 95.54 –2.301.0671 44.41 31.10 BrookfieldRenew BEPC 3.2 35 40.23 +0.41 .32
142.60 101.21 AbbottLabs ABT 1.8 22 104.00 –4.48 .47 8.94 5.45 AnnalyCap NLY 58.3 2 6.04 –0.61 .88 10.02 9.74 AtlStreetAcqn ASAQ ... 23 10.00 +0.01 ...
39.72 8.39 AnnovisBio ANVS ... dd 19.85 +4.55 ... 16.34 10.13 Atlas ATCO 3.4 8 14.57 –0.17 .125 64.63 39.78 BankNY Mellon BK 3.4 11 43.89 –0.25 .37 74.00 52.91 Brown&Brown BRO .7 28 61.54 –3.87.1025
175.91 105.56 AbbVie ABBV 3.9 20 144.06 +2.64 1.41 74.86 53.05 BkNovaScotia BNS 5.9 8 53.63 –2.69.7883 76.60 56.97 Brown-Forman A BF.A 1.1 38 71.33 –1.84.1885
48.97 14.02 Abercrombie&Fitch ANF ... 13 15.48 –0.72 ... 11.71 8.56 AnteroMidstream AM 8.9 15 10.07 –0.09 .225 9.91 9.65 AtlasCrestII A ACII ... 31 9.84 –0.01 ...
48.80 15.38 AnteroResources AR ... 14 37.55 –2.53 ... 122.96 85.80 AtmosEnergy ATO 2.4 21 114.01 –4.08 .68 46.75 33.90 BankUnited BKU 2.7 9 37.63 –0.01 .25 78.15 60.23 Brown-Forman B BF.B 1.1 38 70.56 –2.92.1885
23.33 14.80 AcadiaRealty AKR 4.7 46 15.33 –1.13 .18 10.03 9.86 BanyanAcqnA BYN ... 29 9.96 –0.01 ... 103.93 61.89 Brunswick BC 2.0 9 72.59 –1.82 .365
14.10 8.75 AccelEnt ACEL ... 15 9.02 –0.34 ... 21.03 8.68 AnywhereRealEst HOUS ... 4 9.02 –0.95 ... 10.60 2.20 ATRenew RERE ... dd 2.86 –0.06 ...
341.98 246.21 Aon AON .8 40 277.12 –14.97 .56 4.04 0.35 Audacy AUD ... 12 .42 –0.10 ... 12.20 6.88 Barclays BCS 3.9 ... 7.92 –0.09 .104 57.10 26.50 Buckle BKE 4.2 7 33.62 –0.46 .35
9.92 9.68 AccelerateA AAQC ... 23 9.80 –0.02 ... 11.55 9.18 BaringsBDC BBDC 9.7 23 9.63 –0.09 .24 12.35 5.09 Buenaventura BVN 1.3 6 6.20 –0.13 .073
417.37 261.77 Accenture ACN 1.4 26 272.68 –17.87 .97 55.82 39.06 AptIncmREIT AIRC 4.4 7 41.21 –1.75 .45 10.16 9.69 AusterlitzI A AUS ... 20 9.79 +0.01 ...
12.01 1.90 Barnes&NobleEduc BNED ... dd 2.62 –0.42 ... 23.50 12.47 Build-A-Bear BBW .0 4 13.66 –0.54 1.25
9.81 9.60 AcropolisInfrA ACRO ... dd 9.70 ... ... 9.79 5.22 ApartmtInv AIV 18.6 6 8.84 –0.29 .02 9.88 9.66 AusterlitzII A ASZ ... 31 9.79 +0.02 ...
48.79 29.60 BarnesGroup B 2.1 42 30.59 –2.04 .16 9.84 9.65 BuildAcqnA BGSX ... 34 9.81 –0.01 ...
224.59 142.71 AcuityBrands AYI .3 15 155.00 –16.52 .13 10.44 9.75 ApeironCapA APN ... 31 10.06 +0.01 ... 52.34 20.49 Autohome ATHM 1.6 18 32.78 –2.09 .53
26.07 14.53 BarrickGold GOLD 3.9 14 15.30 –0.62 .20 86.48 48.91 BuildersFirst BLDR ... 4 55.41 –5.76 ...
57.87 37.46 Acushnet GOLF 1.5 22 48.03 –2.29 .18 26.84 14.13 APi Group APG ... dd 14.94 –1.15 ... 110.59 66.25 Autoliv ALV 3.5 19 73.77 –1.89 .64 82.00 25.75 Bath&BodyWks BBWI 2.1 10 37.82 –1.83 .20
15.98 9.41 ApolloComRlEst ARI 12.5 10 11.18 –0.20 .35 135.57 96.56 AutoNation AN ... 5 109.52 –7.99 ... 128.40 75.81 Bunge BG 2.8 8 89.45 –7.44 .625
13.55 6.78 Adecoagro AGRO 3.9 5 8.13 –0.83.1571 10.41 9.75 BatteryFutureA BFAC ... 22 10.05 –0.01 ... 11.71 7.24 BurfordCapital BUR 3.1 ... 8.10 –0.44.0625
50.96 27.15 Adient ADNT ... 4 32.04 –2.16 ... 81.07 45.97 ApolloGlbMgmt APO 2.9 dd 54.81 –3.30 .40 2362.24 1559.43 AutoZone AZO ... 19 2165.65 –33.43 ... 20.20 12.20 Bausch+Lomb BLCO ... ... 17.57 +0.40 ...
9.92 9.66 ApolloStratII A APGB ... 43 9.85 –0.02 ... 190.68 66.39 Avalara AVLR ... dd 92.60 +0.61 ... 314.71 133.28 BurlingtonStrs BURL ... 58 141.34 –8.40 ...
10.24 9.67 AditEdTechA ADEX ... cc 9.86 –0.01 ... 29.59 4.00 BauschHealth BHC ... 65 7.38 –0.02 ... 13.18 2.31 ButterflyNtwk BFLY ... dd 5.65 –0.81 ...
41.40 19.14 AdtalemGlbEduc ATGE ... dd 37.27 –0.39 ... 18.69 14.29 AppleHospREIT APLE 5.3 28 15.76 –0.40 .07 259.05 183.35 Avalonbay AVB 3.1 35 201.98 –12.48 1.59 89.70 54.45 BaxterIntl BAX 2.0 29 58.18 –1.35 .29
121.20 80.93 AppliedIndlTechs AIT 1.3 16 104.45 –4.47 .34 53.95 42.20 Avangrid AGR 3.6 21 49.32 –0.33 .44 29.15 21.18 BylineBancorp BY 1.7 10 21.49 –0.49 .09
244.55 164.00 AdvanceAuto AAP 3.6 19 166.80 –13.85 1.50 7.44 0.91 Beachbody BODY ... dd 1.15 –0.12 ...
153.36 80.81 AdvDrainageSys WMS .4 29 131.78 –8.02 .12 135.81 94.03 Aptargroup ATR 1.5 30 102.64 –3.77 .38 36.44 22.78 AvanosMedical AVNS ... dd 23.25 –2.17 ... 10.39 9.75 BeardEnerA BRD ... dd 9.96 +0.01 ... C
10.19 9.65 AdvMergerPtrsA AMPI ... 42 9.80 –0.03 ... 180.81 84.14 Aptiv APTV ... cc 93.28 –3.46 ... 10.02 9.74 AvantiAcqnA AVAN ... 17 10.01 +0.01 ... 23.97 10.09 BeazerHomes BZH ... 2 12.26 –1.43 ...
57.10 30.86 AdvanSix ASIX 1.7 5 33.68 –2.61 .145 39.95 28.74 Aramark ARMK 1.2 63 37.39 –0.29 .11 44.37 22.33 Avantor AVTR ... 26 22.48 –3.35 ... 277.29 223.49 BectonDicknsn BDX 1.4 43 254.32 –8.53 .87 313.52 238.29 CACI Intl CACI ... 18 279.92 –0.72 ...
6.22 3.90 Aegon AEG 3.8 17 4.65 ....1096 20.74 12.18 ArborRealty ABR 10.2 7 14.67 –0.53 .39 22.47 0.60 Avaya AVYA ... dd 1.88 +0.32 ... 70.97 47.89 Belden BDC .3 33 64.98 –0.99 .05 6.02 2.73 CBD Pao CBD 1.5 3 4.00 –0.22.0713
2.19 0.95 Aenza AENZ ... ... .95 –0.13 ... 37.87 20.86 ArcelorMittal MT 1.5 1 22.09 –1.29 .38 229.24 151.62 AveryDennison AVY 1.7 19 173.37 –17.68 .75 32.95 20.36 BellRing BRBR ... 31 23.63 –1.30 ... 48.47 31.38 CBIZ CBZ ... 23 44.29 –0.26 ...
71.38 37.20 AerCap AER ... dd 44.24 –2.86 ... 183.53 73.54 ArchResources ARCH .8 3 122.76 –15.74 5.75 61.46 35.67 Avient AVNT 2.6 13 36.78 –6.56.2375 29.11 21.11 BenchmarkElec BHE 2.6 19 25.58 –1.09 .165 43.50 21.66 CBL&Assoc CBL 3.7 dd 26.85 –3.03 .25
47.35 35.47 AerojetRocket AJRD ... 29 44.24 –1.25 ... 23.75 12.59 ArchaeaEnergy LFG ... dd 19.65 –0.87 ... 46.90 37.73 Avista AVA 4.3 20 40.80 –0.33 .44 10.12 2.45 BensonHill BHIL ... dd 2.86 –0.16 ... 111.00 67.68 CBRE Group CBRE ... 13 76.11 –5.06 ...
10.75 2.47 AevaTech AEVA ... dd 2.58 –0.32 ... 10.00 2.61 ArcherAviation ACHR ... dd 3.01 –0.49 ... 34.12 21.44 AxaltaCoating AXTA ... 26 24.13 –1.90 ... 9.86 9.65 BerensonAcqnI BACA ... 23 9.82 –0.01 ... 13.46 7.41 CCC Intelligent CCCS ... dd 9.10 –0.56 ...
191.62 109.57 AffiliatedMgrs AMG .0 9 122.12 –10.36 .01 98.88 58.60 ArcherDaniels ADM 1.9 13 84.77 –6.70 .40 62.44 34.11 AxosFinancial AX ... 10 39.68 –1.06 ... 72.32 47.13 Berkley WRB .5 14 66.94 –0.69 .10 9.93 9.70 CCNeubergerIII A PRPC ... 23 9.92 +0.01 ...
9.90 9.65 AfricanGoldA AGAC ... 48 9.88 ... ... 10.44 6.99 Archrock AROC 8.1 34 7.14 –0.31 .145 22.00 6.13 Azul AZUL ... dd 9.65 –0.55 ... 544389 396500 BerkHathwy A BRK.A ... 55 414536 –15282 ... 119.60 46.83 CF Industries CF 1.6 8 98.59 –5.09 .40
10.00 9.57 AfterNextA AFTR ... 20 9.79 +0.04 ... 35.74 19.80 Arconic ARNC ... 16 20.22 –6.42 ... 24.61 3.26 AzurePowerGlbl AZRE ... dd 5.97 +0.10 ... 362.10 263.68 BerkHathwy B BRK.B ... 55 274.81 –10.96 ... 10.25 9.87 C5AcqnA CXAC ... ... 10.02 +0.01 ...
177.36 112.52 AgilentTechs A .6 30 129.89 –7.74 .21 8.44 4.33 ArcosDorados ARCO 2.0 14 7.42 –0.16 .03 8.12 1.25 Bark BARK ... dd 1.83 –0.31 ... 31.78 23.15 BerkshireHills BHLB 1.6 11 29.51 +0.56 .12 93.93 73.76 CGI GIB ... 17 78.26 –2.36 ...
26.34 15.64 Agiliti AGTI ... 54 17.45 –0.66 ... 65.80 43.42 Arcosa ACA .4 30 56.15 –2.88 .05 34.27 19.00 B&G Foods BGS 10.0 32 19.00 –1.72 .475 74.73 50.10 BerryGlobal BERY ... 9 51.82 –6.03 ... 22.50 7.77 CI&T CINT ... 67 9.23 –0.02 ...
29.63 14.36 agilon health AGL ... dd 24.22 +0.74 ... 141.97 64.29 BestBuy BBY 4.8 10 72.63 –3.61 .88 24.52 9.92 CI Financial CIXX 5.0 6 11.27 –0.36.1411
67.14 38.02 AgnicoEagle AEM 3.8 24 41.68 –2.43 .40 52.09 18.16 BigLots BIG 6.0 dd 20.14 –2.82 .30 73.76 58.51 CMS Energy CMS 2.8 15 66.84 –3.01 .46
80.44 61.62 AgreeRealty ADC 3.9 38 72.71 –2.05 .234 16.12 1.23 BigBear.ai BBAI ... dd 1.48 +0.06 ... 50.33 37.91 CNA Fin CNA 4.2 10 38.26 –1.80 .40
50.99 29.75 AirLease AL 2.2 dd 34.05 –3.75 .185 851.03 540.33 BiglariA BH.A ... dd 617.01 –4.34 ... 17.13 10.60 CNH Indl CNHI 2.4 11 11.83 –0.68.3072

Five-Day Dow Composite

316.39 216.24 AirProducts APD 2.6 25 247.36 –9.61 1.62 176.72 110.56 BiglariB BH ... dd 122.50 –3.20 ... 26.74 16.56 CNO Financial CNO 2.9 5 19.06 +0.01 .14
160.71 108.35 AlamoGroup ALG .6 18 123.67 –8.08 .18 348.50 89.87 Bill.com BILL ... dd 149.16 –18.23 ... 24.21 11.42 CNX Resources CNX ... dd 16.72 –0.46 ...
9.22 6.51 AlamosGold AGI 1.4 54 7.18 –0.37 .025 151.51 79.01 BiohavenPharm BHVN ... dd 151.07 +0.36 ... 79.17 19.11 CONSOL Energy CEIX .0 18 62.14 –4.39 1.00
63.76 38.19 AlaskaAir ALK ... 27 44.38 –2.18 ... 804.65 445.14 Bio-RadLab A BIO ... dd 448.54 –60.84 ... 54.54 33.13 CRH CRH 3.3 7 35.47 –1.84 .24
97.73 74.77 AlbanyIntl AIN 1.0 21 83.31 –2.70 .21 11.25 0.40 BirdGlobal BRDS ... dd .42 –0.05 ... 58.52 12.11 CS Disco LAW ... dd 12.13 –1.97 ...
308.24 169.93 Albemarle ALB .5 cc 287.32 –13.05 .395 Breaking Bad: The Dow dropped 4.1% as inflation refuses to subside. 9.90 9.64 BiteAcqn BITE ... dd 9.83 –0.02 ... 23.07 17.55 CTO Realty CTO 7.4 16 20.42 +0.08.3733
37.99 25.89 Albertsons ACI 1.8 10 27.37 –2.34 .12 80.95 61.95 BlackHills BKH 3.1 18 76.41 –1.85 .595 43.99 28.72 CTS CTS .4 dd 42.62 +0.05 .04
98.09 39.57 Alcoa AA .9 8 42.46 –10.16 .10 Johnson & Johnson rose 1.1%, while Boeing tumbled 8.4% on concerns 84.27 52.00 BlackKnight BKI ... 20 67.29 –0.45 ... 53.82 13.37 C3.ai AI ... dd 14.03 –0.99 ...
88.78 63.92 Alcon ALC .3 72 66.85 –1.74 .20 10.07 9.76 BlackMountainA BMAC ... dd 10.00 –0.03 ... 20.10 5.22 Curo CURO 7.8 dd 5.62 –0.84 .11
26.57 17.05 Alexander&Baldwin ALEX 4.5 47 17.50 –1.19 .22 that the economy is heading for a recession. 9.86 9.39 BlackSpadeA BSAQ ... 38 9.79 +0.03 ... 43.61 12.84 CVR Energy CVI 5.6 9 28.50 –5.27 2.60
299.99 213.85 Alexanders ALX 7.8 10 231.99 –0.76 4.50 12.39 4.70 BlackBerry BB ... dd 5.72 –0.30 ... 179.74 61.23 CVR Partners UAN .0 4 120.10 –15.0610.05
224.95 130.00 AlexandriaRlEst ARE 3.1 81 150.66 –8.18 1.18 973.16 575.60 BlackRock BLK 3.1 17 626.74 –68.72 4.88 111.25 81.78 CVS Health CVS 2.2 17 102.06 –0.09 .55
182.09 73.28 Alibaba BABA ... 48 86.43 –5.71 ... Monday Tuesday Wednesday Thursday Friday 12.45 1.00 BlackSkyTech BKSY ... dd 1.80 –0.35 ... 1983.69 1020.82 CableOne CABO 1.1 18 1029.40 –68.81 2.85
12.64 6.31 Alight ALIT ... dd 7.61 –0.54 ... 149.78 86.97 Blackstone BX 5.6 17 92.18 –7.49 1.27 78.62 47.59 Cabot CBT 2.1 28 69.70 –3.56 .37
862.87 585.10 Alleghany Y ... 33 843.00 +1.99 ... 32,520 34.04 25.99 BlackstoneMtg BXMT 8.6 12 28.75 –0.40 .62 64.18 32.70 Cactus WHD 1.1 33 41.59 –2.80 .11
141.97 89.56 Allegion ALLE 1.8 17 89.69 –9.94 .41 16.35 2.17 BlendLabs BLND ... dd 2.73 –0.35 ... 34.24 22.04 CadenceBank CADE 3.3 15 26.54 +0.38 .22
28.44 3.35 Allego ALLG ... dd 5.79 +1.37 ... 48.76 21.08 BlockHR HRB 2.6 13 44.93 –0.06 .29 28.52 14.16 Cadre CDRE 1.2 dd 25.99 –1.62 .08
68.61 56.55 Allete ALE 4.5 16 58.13 –2.87 .65 (Previous Friday Close) 270.16 56.01 Block SQ ... dd 64.89 –9.40 ... 34.19 17.22 CAE CAE ... 73 17.47 –1.37 ...
57.54 35.20 AllianceBernstein AB 9.0 11 41.97 –2.01 .71 31,940 37.01 11.47 BloomEnergy BE ... dd 25.19 –0.95 ... 31.13 17.82 Caleres CAL 1.1 5 24.93 –0.78 .07
42.00 32.55 AllisonTransm ALSN 2.4 8 35.11 –1.92 .21 12.76 2.27 BlueApron APRN ... dd 5.23 –1.85 ... 51.46 35.95 CaliforniaRscs CRC 1.6 4 43.30 –2.41 .17
144.46 106.11 Allstate ALL 2.6 39 129.42 +2.98 .85 17.89 9.52 BlueOwlCapital OWL 4.0 dd 10.90 –0.66 .11 72.08 48.46 CalWtrSvc CWT 1.7 35 58.27 –0.41 .25
56.28 31.17 AllyFinancial ALLY 3.7 5 32.48 –1.39 .30 36.10 18.47 BluegreenVac BVH 3.2 6 19.04 –1.30 .15 80.95 31.59 Calix CALX ... 19 58.09 +0.09 ...
186.98 42.02 AlphaMetal AMR 1.2 2 130.62 –12.87 .392 100.01 45.86 BlueLinx BXC ... 2 65.06 –6.09 ... 66.48 33.85 CallonPetrol CPE ... 3 40.43 –1.83 ...
21.07 16.61 AlpineIncmProp PINE 6.0 10 18.14 –0.11 .275 31,360 9.93 9.66 BlueRiverA BLUA ... 55 9.90 –0.02 ... 180.37 125.17 CamdenProperty CPT 2.9 17 129.00 –5.84 .94
17.38 8.65 AltaEquipment ALTG 1.9 cc 12.15 –1.04 .057 10.01 9.73 BluescapeOppsAcqn BOAC ... 15 10.01 +0.02 ... 32.49 18.03 Cameco CCJ .3 cc 27.95 –2.26.0625
10.16 9.60 AltC Acqn ALCC ... dd 9.72 ... ... 233.94 113.02 Boeing BA ... dd 144.29 –13.23 ... 51.94 39.76 CampbellSoup CPB 3.1 19 47.69 –0.24 .37
81.30 43.45 Alteryx AYX ... dd 65.23 –3.21 ... 85.17 51.30 BoiseCascade BCC .8 3 59.18 –4.36 .12 46.77 20.85 CampingWorld CWH 8.8 5 28.37 –1.98 .625
26.13 7.58 AlticeUSA ATUS ... 5 8.56 –2.07 ... 30,780 134.50 58.51 BootBarn BOOT ... 10 65.09 –5.18 ... 53.64 16.65 CanadaGoose GOOS ... 27 17.24 –1.85 ...
9.93 9.68 AltimarAcqnIIIA ATAQ ... 28 9.90 +0.01 ... 99.32 69.68 BoozAllen BAH 1.8 25 95.31 –2.20 .43 66.24 45.09 CIBC CM 5.4 9 47.72 –1.29.6397
10.54 9.70 AltimeterGrw2 AGCB ... cc 9.91 ... ... 16.14 1.29 BoqiiHolding BQ ... dd 1.40 –0.13 ... 137.19 106.61 CanNtlRlwy CNI 1.9 20 116.49 –5.52.5555
57.05 41.00 Altria MO 8.9 43 42.29 –3.28 .94 +229.63 -1276.37 +30.12 -173.27 -139.40 50.09 32.28 BorgWarner BWA 1.8 14 36.98 –1.59 .17 70.60 31.71 CanNaturalRes CNQ 4.3 7 53.91 –1.29.5822
12.66 4.26 AltusPower AMPS ... 34 12.14 +0.64 ... 30,200 6.96 1.32 BorrDrilling BORR ... dd 3.91 –0.27 ... 84.22 64.37 CanPacRlwy CP .8 32 73.20 –5.09.1478
17.86 7.24 AmbacFin AMBC ... cc 14.69 –0.17 ... 556.68 287.00 BostonBeer SAM ... dd 326.94 –15.50 ... 4.64 1.95 Cango CANG .0 dd 2.04 –0.07 1.00
3.32 2.42 Ambev ABEV 3.6 17 2.83 –0.17.0839 10 12 2 4 10 12 2 4 10 12 2 4 10 12 2 4 10 12 2 4 44.50 18.68 BostonOmaha BOC ... dd 24.71 –1.70 ... 36.50 17.11 Cannae CNNE ... dd 21.76 –1.67 ...
16.27 1.17 AmbrxBio AMAM ... dd 1.21 –0.17 ... 133.11 78.02 BostonProps BXP 4.7 20 83.43 –2.37 .98 15.58 3.81 CanoHealth CANO ... dd 6.64 –0.19 ...
13.61 10.66 Amcor AMCR 4.1 22 11.66 –0.63 .12 47.50 34.98 BostonSci BSX ... 72 41.70 –1.24 ... 25.79 21.00 Canon CAJ 3.2 13 23.03 –0.12.4395
September 19, 2022 BARRON’S 43

D ATA NEW YORK STOCK EXCHANGE COMPOSITE LIST B A R R ON S .C OM / D ATA

–52-Week– Tick Div –52-Week– Tick Div –52-Week– Tick Div –52-Week– Tick Div –52-Week– Tick Div
High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt.
174.65 98.53 CapitalOne COF 2.4 4 101.68 –6.64 .60 14.25 5.72 ContainerStore TCS ... 4 5.77 –0.83 ... 126.28 74.57 Fabrinet FN ... 18 98.62 –3.61 ... 5.50 2.03 GlobalCordBlood CO ... 4 2.43 +0.21 ...
72.37 36.90 Capri CPRI ... 8 44.49 –5.28 ... 75.49 40.04 ContinentalRscs CLR 1.4 9 69.84 –0.52 .28 E 495.40 345.92 FactSet FDS .8 44 446.02 –7.36 .89 27.99 23.32 GlobalIndemnity GBLI 4.2 dd 23.90 –1.10 .25
72.28 45.85 CardinalHealth CAH 3.0 dd 66.86 –3.03.4957 23.32 8.09 Volaris VLRS ... dd 8.68 –0.60 ... 531.03 340.48 FairIsaac FICO ... 34 465.95 +14.18 ... 45.21 27.05 GlobalIndl GIC 2.5 10 29.33 –0.88 .18
23.59 15.90 CareTrustREIT CTRE 5.5 cc 20.11 –1.00 .275 10.73 3.75 ConveyHealth CNVY ... dd 10.50 –0.02 ... 9.94 9.60 EG Acqn A EGGF ... 36 9.76 ... ... 11.30 9.76 FarPeakAcqnA FPAC ... 17 9.89 +0.03 ... 18.51 10.21 GlobalMedREIT GMRE 8.0 55 10.53 –0.39 .21
318.71 195.68 Carlisle CSL 1.0 21 291.30 –17.43 .75 444.22 283.03 Cooper COO .0 34 291.45 –23.25 .03 40.89 20.49 elfBeauty ELF ... 76 39.37 +0.49 ... 47.30 6.52 Farfetch FTCH ... 3 10.38 –0.50 ... 16.70 12.79 GlobalNetLease GNL 12.1 dd 13.27 –0.30 .40
155.98 83.08 CarMax KMX ... 14 84.73 –6.27 ... 28.06 3.53 Cooper-Standard CPS ... dd 7.72 –0.44 ... 135.98 95.64 EMCOR EME .5 17 118.05 –4.02 .15 16.43 10.62 FarmlandPtrs FPI 1.7 dd 14.14 –0.50 .06 30.26 20.01 GlobalPtnrs GLP 8.6 4 28.26 –1.09 .605
27.39 8.10 Carnival CCL ... dd 10.76 +0.36 ... 97.63 55.25 Copa CPA ... 11 73.90 –0.17 ... 32.56 20.88 ENI E 5.5 3 22.90 –0.70.3107 58.62 8.28 Fastly FSLY ... dd 9.28 –0.51 ... 165.17 105.52 GlobalPayments GPN .8 cc 130.68 –1.95 .25
24.89 7.43 Carnival CUK ... dd 9.51 +0.24 ... 32.54 20.00 Core&Main CNM ... 12 23.28 –0.99 ... 147.99 70.41 EOG Rscs EOG 2.5 12 121.45 –1.91 1.50 11.50 2.37 FathomDigital FATH ... 3 2.39 –0.76 ... 30.02 14.62 GlobalShipLease GSL 8.3 3 18.04 –1.74 .375
44.96 24.76 CarpenterTech CRS 2.2 dd 36.03 +0.14 .20 35.83 15.21 CoreLabs CLB .2 90 16.59 –1.50 .01 725.40 168.59 EPAM Systems EPAM ... 65 402.07 –30.37 ... 124.37 87.50 FedAgriMtg A AGM.A 3.9 8 97.25 –1.43 .95 354.62 159.56 Globant GLOB ... 70 209.02 –21.22 ...
66.33 32.79 CarriageSvcs CSV 1.3 11 34.09 –1.36.1125 21.05 20.00 CorebridgeFin CRBG ... ... 20.72 ... ... 56.38 40.68 EPR Prop EPR 7.9 23 41.52 –2.24 .275 137.01 90.38 FedAgriMtg C AGM 3.6 8 105.02 –1.44 .95 108.61 85.25 GlobeLife GL .8 15 102.26 –0.49.2075
57.97 34.12 CarrierGlobal CARR 1.6 12 38.44 –3.73 .15 49.14 20.45 CoreCard CCRD ... 12 22.34 –2.18 ... 9.88 9.65 EQ Health A EQHA ... 28 9.85 ... ... 140.51 92.02 FederalRealty FRT 4.3 29 100.34 –3.60 1.08 81.82 52.60 GlobusMedical GMED ... 41 60.96 –1.85 ...
19.09 8.75 Cars.com CARS ... cc 11.11 –0.74 ... 14.24 8.23 CoreCivic CXW ... 14 9.74 +0.07 ... 51.97 17.95 EQT EQT 1.3 dd 46.06 –2.29 .15 48.88 31.86 FederalSignal FSS .9 23 38.76 –1.88 .09 88.32 64.81 GoDaddy GDDY ... 36 74.96 –3.09 ...
111.17 67.88 Carter's CRI 4.2 10 71.58 –5.18 .75 5.49 2.10 CorEnergyInfr CORR 9.2 dd 2.17 –0.15 .05 58.08 36.97 ESAB ESAB .5 ... 37.50 –3.40 .05 39.82 27.88 FederatedHermes FHI 3.2 13 33.83 –1.62 .27 11.01 9.86 GoGreenInvtsA GOGN ... dd 10.12 +0.01 ...
343.18 19.45 Carvana CVNA ... dd 32.92 –3.70 ... 43.47 30.63 Corning GLW 3.4 14 32.06 –1.58 .27 96.01 60.03 ESCO Tech ESE .4 28 78.03 –4.81 .08 266.79 155.00 FedEx FDX 2.9 11 161.02 –48.05 1.15 17.20 7.24 GoldFields GFI 3.7 7 7.51 –0.93 .172
142.09 86.11 Catalent CTLT ... 32 89.94 –6.03 ... 7.15 5.00 CorpAmAirports CAAP ... ... 6.96 +0.03 ... 9.90 9.67 ESM Acqn A ESM ... 41 9.89 +0.01 ... 183.67 105.08 Ferguson FERG 2.2 ... 111.93 –6.60 .84 9.94 9.67 GoldenFalconA GFX ... 20 9.93 +0.01 ...
9.95 9.68 CatchaInvtA CHAA ... ... 9.90 –0.02 ... 29.64 23.89 CorpOfficeProp OFC 4.3 28 25.47 –1.06 .275 28.92 2.59 ESSTech GWH ... dd 4.86 +0.80 ... 278.78 167.45 Ferrari RACE ... 36 196.90 +1.10 ... 20.60 15.87 GoldmanSachsBDC GSBD10.7 13 16.89 –0.20 .45
237.90 167.08 Caterpillar CAT 2.7 14 179.47 –10.02 1.20 9.95 9.60 CorsairPtrA CORS ... 29 9.75 +0.01 ... 13.32 6.07 E2open ETWO ... dd 7.05 –0.07 ... 56.44 34.59 FidNatlFin FNF 4.4 6 40.13 –1.64 .44 426.16 277.84 GoldmanSachs GS 3.1 7 326.21 –13.89 2.50
19.89 9.07 Cato CATO 7.1 21 9.64 –0.07 .17 64.30 40.72 Corteva CTVA 1.0 26 61.35 –1.17 .15 169.15 105.34 EagleMaterials EXP .9 12 111.43 –9.63 .25 126.20 82.98 FidNatlInfo FIS 2.2 61 84.26 –7.22 .47 47.12 24.64 Gorman-Rupp GRC 2.7 30 25.43 –1.61 .17
10.13 0.45 Cazoo CZOO ... ... .63 –0.06 ... 20.97 11.95 Cosan CSAN 4.5 7 13.55 –1.02.2635 22.25 7.85 EarthstoneEner ESTE ... 8 14.09 –0.52 ... 9.95 9.71 FigureAcqnI A FACA ... 29 9.83 –0.01 ... 81.09 56.48 Graco GGG 1.4 24 61.97 –4.20 .21
62.56 37.78 CedarFairRec FUN 2.7 31 44.63 +1.17 .30 18.01 10.22 Costamare CMRE 4.5 3 10.33 –0.75 .115 23.65 17.48 EasterlyGovtProp DEA 5.9 55 17.90 –0.38 .265 5.99 1.20 FinanceofAm FOA ... dd 1.51 +0.12 ... 10.01 9.63 GrafAcqnIV GFOR ... 21 9.75 ... ...
176.50 100.11 Celanese CE 2.7 6 102.43 –12.86 .68 36.55 18.39 CoterraEnergy CTRA 9.1 8 28.74 –1.03 .50 229.84 148.33 EastGroup EGP 3.2 30 156.46 –14.35 1.25 10.29 9.64 FinTechEvolA FTEV ... 28 9.90 +0.01 ... 13.38 5.17 GrafTechIntl EAF .8 3 5.30 –0.62 .01
13.40 8.03 Celestica CLS ... 9 9.45 –0.71 ... 11.12 5.90 Coty COTY ... cc 7.69 –0.17 ... 129.48 77.74 EastmanChem EMN 3.8 9 79.13 –14.52 .76 7.33 2.68 FinVolution FINV 4.1 4 4.48 –0.06 .205 13.97 6.51 Graham GHM 4.8 dd 9.25 –0.71 .11
7.00 4.39 CementosPacasm CPAC ... 9 4.79 –0.19 ... 30.94 8.98 Coupang CPNG ... dd 17.64 –0.48 ... 7.83 3.46 EastmanKodak KODK ... 87 5.22 –0.21 ... 81.54 48.81 FirstAmerFin FAF 4.1 6 50.56 –3.31 .52 675.00 533.77 GrahamHoldings GHC 1.1 18 553.29 –8.20 1.58
7.58 3.22 Cemex CX ... 16 3.64 –0.32 ... 38.20 10.71 Coursera COUR ... dd 11.56 –0.94 ... 175.72 122.50 Eaton ETN 2.3 24 138.27 –7.44 .81 16.62 11.66 FirstBanCorp FBP 3.3 10 14.43 –0.01 .12 588.62 391.16 Grainger GWW 1.3 21 526.16 –46.58 1.72
24.91 8.18 CenovusEnergy CVE ... 12 18.54 +0.11 ... 42.41 26.33 CousinsProperties CUZ 4.8 14 26.87 –1.55 .32 238.93 143.82 Ecolab ECL 1.3 41 157.64 –15.00 .51 17.63 12.36 FirstCmwlthFin FCF 3.5 10 13.59 +0.04 .12 43.98 27.40 GraniteConstr GVA 1.9 51 27.87 –2.09 .13
98.53 60.81 Centene CNC ... 27 84.28 –7.71 ... 114.87 82.14 Crane CR 2.1 10 90.84 –5.17 .47 19.81 9.31 Ecopetrol EC 14.2 3 10.25 –0.52.7966 4.12 0.59 First HS Educ FHS ... 3 .78 –0.02 ... 14.10 8.40 GranitePointMtg GPMT 11.6 59 8.61 –0.49 .25
33.23 24.33 CenterPointEner CNP 2.2 13 32.04 –0.81 .18 9.96 5.50 Crawford A CRD.A 4.1 13 5.79 –0.19 .06 13.79 8.32 Ecovyst ECVT ... 12 8.42 –1.04 ... 24.24 14.67 FirstHorizon FHN 2.6 16 23.33 +0.09 .15 24.07 17.63 GraphicPkg GPK 1.4 23 21.31 –2.00 .075
10.57 4.07 CenterraGold CGAU 5.0 3 4.28 –0.44 .054 9.33 5.59 Crawford B CRD.B 4.3 12 5.63 –0.15 .06 51.86 32.00 EdgewellPersonal EPC 1.6 19 37.43 –1.89 .15 66.74 45.80 FirstIndRlty FR 2.3 21 50.40 –2.63 .295 3.16 0.52 GravitasEduc GEHI ... 2 .56 –0.05 ...
112.27 73.08 Centerspace CSR 3.9 dd 74.75 –3.42 .73 182.11 103.01 Credicorp BAP 4.0 9 129.23 –1.623.9936 73.32 54.98 EdisonInt EIX 4.1 51 67.52 –1.58 .70 10.55 9.73 FirstLightAcqnA FLAG ... 31 9.93 –0.19 ... 25.24 16.13 GrayTelevision GTN 1.7 14 18.47 –0.66 .08
9.80 5.17 CentraisElBras EBR 3.5 11 8.45 –0.38.1306 11.04 4.91 CreditSuisse CS .7 dd 5.23 –0.19.0528 131.73 85.58 EdwardsLife EW ... 40 93.35 –3.90 ... 14.67 6.31 FirstMajestic AG .3 dd 7.67 –0.37.0061 23.75 14.51 GrayTelevision A GTN.A 1.9 13 16.82 +0.12 .08
30.97 20.61 CentralPacFin CPF 4.6 8 22.43 +0.17 .26 19.65 10.86 CrescentEnergy CRGY 4.1 ... 15.02 –0.83 .17 25.19 4.22 8x8 EGHT ... dd 4.26 –0.47 ... 222.86 133.37 FirstRepBank FRC .8 17 141.74 –14.18 .27 14.74 8.68 GreatAjax AJX 11.7 21 9.23 +0.14 .27
5.10 2.73 CentralPuerto CEPU ... 15 4.56 –0.29 ... 10.96 3.66 CrescentPoint CPG 3.5 3 6.95 –0.15.0613 35.00 13.94 ElancoAnimal ELAN ... dd 14.75 –0.25 ... 48.85 35.32 FirstEnergy FE 3.8 17 41.20 –0.31 .39 32.25 16.80 GreenBrickPtrs GRBK ... 4 23.00 –1.01 ...
86.07 39.00 CenturyComm CCS 1.7 3 45.89 –0.76 .20 32.96 22.88 CrestwoodEquity CEQP 8.8 dd 29.74 +1.61 .655 189.84 50.74 Elastic ESTC ... dd 81.88 –8.16 ... 12.30 5.55 FiscalNote NOTE ... dd 8.12 +0.18 ... 52.13 19.12 GreenDot GDOT ... 23 20.85 –0.36 ...
130.37 43.23 CeridianHCM CDAY ... dd 58.94 –4.63 ... 25.33 9.73 CrossTimbers CRT 7.9 14 22.09 +0.46.2306 12.49 5.21 EldoradoGold EGO ... dd 5.73 –0.20 ... 23.75 7.95 Fisker FSR ... dd 8.94 +0.34 ... 53.46 27.48 Greenbrier GBX 3.9 16 27.98 –1.26 .27
29.42 11.89 ChannelAdvisor ECOM ... 18 22.83 –0.09 ... 209.87 153.70 CrownCastle CCI 3.6 46 163.22 –11.33 1.47 26.92 16.25 ElementSolns ESI 1.8 27 17.95 –1.38 .08 8.20 3.26 FivePoint FPH ... dd 3.30 –0.15 ... 20.32 6.89 Greenhill GHL 5.7 19 7.07 –0.65 .10
5.81 2.21 CharahSolutions CHRA ... dd 2.68 –0.22 ... 130.42 85.85 CrownHoldings CCK .9 dd 93.91 –4.82 .22 533.68 363.37 ElevanceHealth ELV 1.1 19 480.23 –13.37 1.28 210.55 29.04 FiverrIntl FVRR ... dd 32.41 –4.26 ... 9.18 3.27 GreenTree GHG 13.7 12 3.86 –0.20 .53
28.72 8.50 ChargePoint CHPT ... dd 17.97 +0.29 ... 9.99 9.62 CrownPropA CPTK ... cc 9.90 ... ... 4.26 1.19 ElevateCredit ELVT ... dd 1.21 –0.17 ... 56.77 32.71 Flagstar FBC .6 6 37.12 –1.65 .06 72.80 53.65 Greif A GEF 3.1 10 63.87 –4.46 .50
460.21 196.90 CharlesRiverLabs CRL ... 23 199.71 –18.53 ... 9.91 9.67 CrucibleAcqnA CRU ... 27 9.89 +0.01 ... 18.95 12.74 EllingtonFin EFC 12.4 dd 14.48 –0.32 .15 10.05 9.65 FlameAcqnA FLME ... 19 9.83 +0.02 ... 71.62 53.45 Greif B GEF.B 4.7 7 63.46 –3.09 .75
218.95 108.29 ChartIndustries GTLS ... cc 201.34 +0.56 ... 57.34 38.67 CubeSmart CUBE 4.0 40 43.35 –3.64 .43 12.44 6.40 EllingtonResiMtg EARN12.2 dd 7.85 +0.02 .08 282.02 198.91 FleetCorTech FLT ... 17 202.56 –17.90 ... 34.92 17.56 Griffon GFF 1.1 13 31.75 –2.63 .09
15.12 9.59 ChathamLodging CLDT ... dd 12.56 –0.06 ... 147.39 106.66 Cullen/Frost CFR 2.5 21 138.25 –2.97 .87 9.91 9.63 ElliottOppIIA EOCW ... 30 9.83 –0.05 ... 36.99 15.85 FlexLNG FLNG 9.3 8 32.13 –1.21 .50 212.23 145.72 Group1Auto GPI .9 4 160.25 –10.25 .38
9.15 2.77 CheetahMobile CMCM ... dd 2.92 –0.17 ... 14.31 4.04 Culp CULP 10.1 dd 4.57 –0.06 .115 11.88 8.60 EmbotellAndinaA AKO.A13.9 7 9.12 –0.55.1281 145.89 59.91 Floor&Decor FND ... 31 79.87 –4.75 ... 12.50 3.75 GroveCollab GROV ... dd 6.95 +1.09 ...
78.89 15.66 Chegg CHGG ... 72 21.13 –1.94 ... 247.48 184.28 Cummins CMI 3.0 15 211.19 –7.28 1.57 14.14 9.63 EmbotellAndinaB AKO.B12.6 8 11.09 –0.23.1409 1.97 0.53 FlotekIndustries FTK ... dd 1.13 ... ... 167.24 112.88 GpoAeroportuar PAC 2.2 25 143.98 –2.363.1501
539.87 403.00 Chemed CHE .3 27 480.29 +4.45 .38 162.98 118.88 CurtissWright CW .5 22 145.00 –6.64 .19 19.40 7.91 Embraer ERJ ... cc 10.13 –0.45 ... 29.73 22.78 FlowersFoods FLO 3.4 26 26.04 –0.66 .22 230.80 176.77 GpoAeroportSur ASR 3.6 15 215.37 –4.644.5984
44.95 22.56 Chemours CC 3.2 6 31.49 –4.24 .25 23.54 13.90 Cushman&Wkfd CWK ... 9 14.06 –1.36 ... 5.10 2.42 EmeraldHldg EEX ... dd 3.83 +0.40 ... 38.39 26.78 Flowserve FLS 2.9 37 27.17 –4.27 .20 6.15 2.75 GpoAvalAcc AVAL68.0 4 2.84 –0.11.2855
9.55 6.06 CherryHillMtg CHMI 17.1 18 6.33 –0.05 .27 11.36 4.54 CustomTruck CTOS ... dd 6.57 –0.45 ... 57.65 21.86 EmergentBiosol EBS ... 14 22.95 –2.12 ... 31.32 14.41 Fluor FLR ... dd 26.33 –1.51 ... 2.54 1.20 GpoSupervielle SUPV 1.6 dd 1.83 –0.12.0151
146.30 117.43 ChesapeakeUtil CPK 1.7 26 128.23 +0.51 .535 76.13 31.35 CustomersBancorp CUBI ... 3 32.74 –1.15 ... 100.47 76.16 EmersonElec EMR 2.6 15 78.21 –6.50 .515 89.43 58.73 FomentoEconMex FMX 2.2 25 65.33 –1.00.5677 12.60 5.92 GrupoTelevisa TV ... 12 5.98 –0.45 ...
182.40 93.31 Chevron CVX 3.6 10 156.45 –3.52 1.42 11.07 6.53 EmpireStateRealty ESRT 1.9 dd 7.43 +0.03 .035 57.76 23.85 FootLocker FL 4.1 8 39.14 +0.76 .40 25.27 15.67 Guess GES 5.6 8 16.13 –1.13 .225
80.58 22.22 ChewyA CHWY ... dd 35.17 –0.81 ... D 43.46 36.18 EmployersHldgs EIG 2.8 20 36.94 –1.34 .26 25.87 10.61 FordMotor F 4.1 5 14.72 –0.70 .15 128.98 64.30 Guidewire GWRE ... dd 64.72 –4.76 ...
7.19 3.80 Chico'sFas CHS ... 6 4.97 –0.41 ... 9.91 9.69 Empower&IncA EPWR ... 24 9.89 +0.02 ... 9.95 9.65 ForestRoadII A FRXB ... 36 9.81 ... ... 16.07 7.18 GuildHldgs GHLD .0 2 11.18 –1.00 1.00
16.85 7.57 ChimeraInvt CIM 16.8 dd 7.85 –0.46 .33 9.89 9.67 D&ZMediaA DNZ ... 34 9.86 +0.01 ... 7.89 3.88 EmpresaDisCom EDN ... dd 6.47 –0.23 ... 22.60 11.94 Forestar FOR ... 4 12.25 –0.28 ... 108.10 60.46 GulfportEnergy GPOR ... dd 93.27 –2.88 ...
21.63 15.77 ChinaEastrnAir CEA ... dd 16.73 –0.29 ... 39.54 23.58 DCP Midstream DCP 4.5 10 37.99 –0.60 .43 47.67 36.21 Enbridge ENB 6.6 21 40.99 –0.83.6748 47.50 3.11 ForgeGlobal FRGE ... dd 3.55 –0.83 ...
12.48 4.29 ChinaGreenAg CGA ... dd 7.51 –0.09 ... 7.57 4.12 DHI Group DHX ... cc 5.73 –0.01 ... 62.27 42.17 EncompassHealth EHC 1.2 16 50.91 –1.29 .28 48.88 11.94 ForgeRock FORG ... dd 16.07 –1.37 ... H
3.17 0.76 ChinaOnlineEduc COE ... dd 2.10 –0.04 ... 8.92 4.55 DHT DHT 1.1 dd 8.71 +0.22 .04 172.41 78.17 Endava DAVA ... 46 78.65 –17.49 ... 51.66 42.42 Fortis FTS 3.9 21 42.85 –2.03.4139
35.15 23.50 ChinaSoAirlines ZNH ... dd 26.43 +0.54 ... 10.96 5.11 DRDGOLD DRD ... 7 5.45 –0.21 ... 35.28 17.42 Endeavor EDR ... 17 23.08 –2.85 ... 79.87 52.47 Fortive FTV .4 35 62.72 –3.30 .07 279.02 164.47 HCA Healthcare HCA 1.1 10 209.67 –10.03 .56
15.35 7.90 ChinaYuchai CYD 5.1 19 7.91 –0.33 .40 140.23 108.22 DTE Energy DTE 2.7 33 129.90 –5.60 .885 5.95 2.72 EndeavourSilver EXK ... dd 3.04 –0.07 ... 9.98 9.69 FortressCapA FCAX ... 26 9.93 +0.01 ... 139.80 44.91 HCI Group HCI 3.1 dd 50.99 +2.68 .40
1958.55 1196.28 Chipotle CMG ... 63 1693.57 –29.75 ... 59.36 43.63 DT Midstream DTM 4.4 16 55.96 –1.23 .64 2.53 0.98 EnelChile ENIC .9 28 1.72 –0.09.0154 9.91 9.70 FortressVal III A FVT ... 25 9.88 ... ... 78.43 50.61 HDFC Bank HDB .8 23 64.92 +0.47.5805
157.46 106.84 ChoiceHotels CHH .8 18 112.75 –3.16.2375 13.23 5.40 D-WaveQuantum QBTS ... cc 6.64 –0.14 ... 41.62 25.18 Energizer ENR 4.3 10 28.12 –0.40 .30 9.96 9.66 FortressValueIV A FVIV ... 38 9.82 +0.01 ... 58.50 29.14 HF Sinclair DINO 3.2 6 49.49 –3.64 .40
218.99 171.96 Chubb CB 1.8 11 189.25 –5.75 .83 39.65 23.99 DXC Tech DXC ... 12 27.04 +0.28 ... 12.49 7.96 EnergyTransfer ET 7.8 9 11.81 –0.10 .23 5.52 2.17 FortunaSilver FSM ... 16 2.35 –0.13 ... 9.95 9.65 HH&L Acqn HHLA ... 26 9.92 +0.01 ...
45.87 37.38 ChunghwaTel CHT 6.4 22 37.55 –1.391.237 25.59 13.07 Dana DAN 2.8 21 14.39 –0.82 .10 22.10 3.97 EnergyVault NRGV ... dd 4.47 +0.04 ... 109.23 56.86 FortBrandsHome FBHS 1.9 11 59.98 –4.71 .28 10.00 9.75 H.I.G.AcqnA HIGA ... 26 10.00 +0.01 ...
105.28 76.32 Church&Dwight CHD 1.4 24 76.54 –5.02.2625 331.69 233.71 Danaher DHR .4 33 277.06 –13.36 .25 23.84 16.25 EnerpacTool EPAC .2 97 17.37 –2.03 .04 30.99 14.71 ForumEnergyTech FET ... dd 24.78 –1.14 ... 44.50 29.28 HNI HNI 4.3 18 30.04 –2.30 .32
10.08 9.71 ChurchillCapV A CCV ... 15 9.90 ... ... 107.47 55.71 Danaos DAC 4.7 2 63.77 –6.25 .75 18.58 5.89 Enerplus ERF 1.1 7 15.42 +0.15 .05 30.13 24.24 FourCornersProp FCPT 5.0 22 26.76 +0.13.3325 41.47 26.11 HP HPQ 3.7 5 27.23 –1.03 .25
10.31 9.71 ChurchillVI A CCVI ... 26 9.83 +0.01 ... 20.40 3.09 DanimerScientific DNMR ... dd 3.76 –0.56 ... 86.82 55.60 EnerSys ENS 1.1 20 62.30 –2.92 .175 29.40 6.41 FourSeasonsEduc FEDU ... dd 14.11 +0.10 ... 10.20 9.78 HPX A HPX ... 27 9.96 +0.05 ...
9.88 9.68 ChurchillVII A CVII ... 26 9.80 +0.01 ... 81.10 32.20 DaqoNewEnergy DQ ... 3 56.38 –8.57 ... 17.95 4.81 Eneti NETI .5 19 7.73 –0.22 .01 169.32 115.44 Franco-Nevada FNV 1.1 30 118.21 –7.76 .32 38.61 24.31 HSBC HSBC 4.4 9 30.46 –0.44 .45
78.28 41.11 Ciena CIEN ... 33 41.85 –2.48 ... 164.28 110.96 Darden DRI 3.5 18 129.68 –1.36 1.21 23.21 7.80 Enfusion ENFN ... dd 12.51 –0.09 ... 17.74 11.59 FrankBSPRealty FBRT 11.3 dd 11.74 –0.61 .355 10.23 2.79 HUYA HUYA ... 25 2.87 –0.13 ...
296.29 191.74 Cigna CI 1.5 17 290.35 –2.49 1.12 87.59 55.71 DarlingIngred DAR ... 17 73.22 –4.75 ... 38.83 15.64 EngageSmart ESMT ... dd 19.26 –2.04 ... 54.10 34.00 FranklinCovey FC ... 48 49.46 +0.69 ... 79.45 43.50 Haemonetic HAE ... 58 76.77 –0.10 ...
23.15 12.98 Cinemark CNK ... dd 13.57 –0.50 ... 124.81 74.97 DaVita DVA ... 12 92.82 +0.20 ... 25.25 11.65 Enhabit EHAB ... ... 14.89 –1.51 ... 38.27 22.61 FranklinRscs BEN 4.8 7 24.14 –2.24 .29 19.97 7.23 Hagerty HGTY ... dd 10.13 –1.40 ...
36.48 13.26 CircorIntl CIR ... dd 16.82 –0.65 ... 451.49 212.93 DeckersOutdoor DECK ... 21 337.20 –11.50 ... 22.67 16.55 Ennis EBF 4.9 16 20.23 –0.57 .25 9.95 9.64 FreedomI A FACT ... 55 9.95 +0.06 ... 8.50 5.59 Haleon HLN ... ... 5.88 –0.12 ...
73.72 43.44 Citigroup C 4.2 6 48.11 –2.56 .51 446.76 283.81 Deere DE 1.3 18 354.50 –17.75 1.13 47.88 25.80 EnovaIntl ENVA ... 6 33.34 –2.38 ... 51.99 24.80 FreeportMcM FCX 1.8 9 29.33 –2.84 .075 43.99 19.12 Halliburton HAL 1.7 18 28.19 –1.47 .12
57.00 34.35 CitizensFin CFG 4.6 9 36.87 –1.45 .42 64.47 39.00 DelekLogistics DKL 7.0 16 56.01 –4.94 .985 94.03 47.73 Enovis ENOV ... 24 51.29 –0.26 ... 36.84 16.06 FreseniusMed FMS 3.0 11 16.67 –0.14.7085 20.36 9.18 HamiltonBeach HBB 3.5 5 11.91 +0.58 .105
6.99 2.45 Citizens CIA ... 6 3.52 –0.11 ... 35.23 14.07 DelekUS DK .0 5 25.88 –3.67 .20 10.05 9.57 EnphysAcqnA NFYS ... 47 9.75 +0.05 ... 34.00 22.63 FreshDelMonte FDP 2.4 32 24.90 –0.74 .15 19.54 8.34 Hanesbrands HBI 7.1 7 8.44 –0.73 .15
21.70 11.05 CityOfficeREIT CIO 6.9 1 11.59 ... .20 61.54 36.74 DellTechC DELL ... 5 37.96 –1.83 ... 117.63 76.14 EnPro NPO 1.2 10 89.89 –1.63 .28 13.49 6.10 Frontline FRO 4.7 41 12.79 +0.01 .15 22.93 13.42 Hanger HNGR ... 20 18.66 ... ...
32.06 17.69 Civeo CVEO ... 20 27.32 –0.68 ... 46.27 28.10 DeltaAir DAL ... 35 32.11 –0.55 ... 126.82 98.50 Entergy ETR 3.5 19 115.42 –4.52 1.01 35.10 2.32 fuboTV FUBO ... dd 4.46 +0.03 ... 65.74 28.68 HannonArmstrong HASI 4.0 38 37.94 –2.26 .375
84.76 41.37 CivitasRsrcs CIVI 3.0 6 61.97 –3.57 1.30 38.71 17.39 Deluxe DLX 6.7 13 17.84 –1.14 .30 28.65 20.42 EnterpriseProd EPD 7.4 12 25.80 –0.90 .475 17.55 4.12 FullTruck YMM ... dd 6.55 –0.32 ... 155.55 121.69 HanoverIns THG 2.2 15 135.93 +3.39 .75
25.63 10.55 Clarivate CLVT ... dd 10.57 –1.74 ... 93.95 56.59 Denbury DEN ... 13 83.33 –5.38 ... 9.34 4.21 Entravision EVC 2.2 15 4.64 –0.41 .025 81.73 57.36 FullerHB FUL 1.3 18 59.80 –7.58 .19 44.46 29.80 HarleyDavidson HOG 1.5 10 40.71 –0.36.1575
21.09 14.96 ClarosMtg CMTG 9.8 13 15.04 –1.84 .37 19.38 11.24 DesignerBrands DBI 1.2 7 16.33 –1.05 .05 85.99 48.97 Envestnet ENV ... dd 50.23 –3.02 ... 9.87 9.65 FusionAcqnIIA FSNB ... 30 9.82 –0.01 ... 5.50 2.00 HarmonyGold HMY 1.5 15 2.17 –0.22.0274
9.90 9.66 ClassAccelA CLAS ... 23 9.88 +0.03 ... 9.69 1.26 DesktopMetal DM ... dd 3.19 –0.31 ... 52.03 34.10 Envista NVST ... 22 34.30 –3.59 ... 10.63 6.14 FutureFuel FF 3.7 18 6.43 –0.23 .06 18.28 4.36 Harsco HSC ... dd 5.02 –0.93 ...
124.49 81.56 CleanHarbors CLH ... 21 115.99 –6.42 ... 13.37 6.66 Despegar.com DESP ... dd 7.21 –0.94 ... 91.06 51.46 Enviva EVA 5.2 dd 68.93 –1.85 .905 78.17 61.59 HartfordFinl HIG 2.4 11 65.35 –1.67 .385
4.10 0.91 ClearChannelOutdr CCO ... dd 1.81 +0.07 ... 16.70 7.54 DeutscheBank DB 2.3 6 9.09 +0.13.1559 4.15 1.98 EnzoBiochem ENZ ... dd 2.67 +0.31 ... G 37.40 22.77 HavertyFurn HVT 4.2 5 26.74 –0.42 .28
54.19 18.79 ClearSecure YOU ... dd 23.26 –2.84 ... 79.40 27.40 DevonEnergy DVN 7.0 9 66.82 –1.69 1.37 300.11 169.25 Equifax EFX .9 30 183.25 –13.91 .39 36.87 24.55 HavertyFurn A HVT.A 4.0 5 25.99 –0.78 .26
27.68 11.23 ClearwaterAnalytic CWAN ... dd 15.77 –0.12 ... 223.14 166.24 Diageo DEO 2.2 23 173.91 –4.302.2775 42.53 22.76 Equinor EQNR 1.7 7 35.08 –0.91 .40 29.80 18.30 GAMCO Investors GBL .8 7 20.02 –0.63 .04 44.72 37.87 HawaiianElec HE 3.7 17 38.26 –1.73 .35
46.48 25.07 ClearwaterPaper CLW ... 16 40.11 –2.19 ... 12.04 5.17 DiamondOffshore DO ... dd 7.60 –0.11 ... 37.13 24.61 Equitable EQH 2.7 4 29.22 –1.34 .20 127.58 84.50 GATX GATX 2.2 19 96.40 +0.36 .52 28.65 10.07 Hayward HAYW ... 10 10.08 –1.30 ...
38.65 27.83 ClearwayEnergyA CWEN.A 3.6 8 35.41 –0.66.3604 11.15 7.68 Diamondrock DRH .0 40 8.91 –0.26 .03 11.52 5.87 EquitransMdstm ETRN 6.6 dd 9.15 –0.29 .15 10.16 9.72 G&P Acqn A GAPA ... 23 10.00 ... ... 34.83 22.45 HealthcareRealty HR 1.9 81 23.11 –1.50 .109
41.79 29.61 ClearwayEnergyC CWEN 3.5 8 38.47 –0.72.3604 6.89 3.31 DianaShipping DSX 17.4 3 4.73 –0.18 .275 28.84 25.00 EquityCommnwlth EQC .0 dd 27.07 +0.32 1.00 32.28 20.76 GCPAppliedTechs GCP ... cc 31.45 –0.07 ... 36.85 23.23 HealthpeakProp PEAK 4.7 75 25.72 –1.64 .30
34.04 14.32 Cleveland-Cliffs CLF ... 2 15.00 –3.73 ... 142.78 63.45 Dick's DKS 1.7 10 111.64 –4.92.4875 10.03 9.78 EquityDistrA EQD ... 24 10.02 +0.02 ... 9.81 5.21 GEO Group GEO ... 16 8.18 –0.25 ... 10.10 9.78 HeartlandMediaA HMA ... 35 9.99 ... ...
9.97 9.68 ClimateReal II A CLIM ... 42 9.88 –0.01 ... 11.29 2.12 DieboldNixdorf DBD ... dd 3.10 +0.04 ... 88.70 67.57 EquityLife ELS 2.3 46 70.40 –2.24 .41 43.71 24.00 GFLEnvironmental GFL .2 dd 28.02 –2.38 .012 7.66 3.44 HeclaMining HL .4 cc 4.01 –0.16.0062
10.41 7.29 ClipperRealty CLPR 4.7 dd 8.05 –0.44 .095 7.85 1.05 DigitalMedia DMS ... dd 1.94 –0.26 ... 94.32 67.48 EquityResdntl EQR 3.4 22 73.11 –4.11 .625 61.79 36.10 GMS GMS ... 6 43.77 –1.88 ... 165.61 124.65 Heico HEI .1 60 148.58 –8.48 .09
5.00 0.55 CloopenGroup RAAS ... ... 1.02 +0.03 ... 178.22 111.00 DigitalRealty DLR 4.4 25 112.08 –12.37 1.22 2.72 1.92 EquusTotReturn EQS ... 11 1.94 –0.12 ... 8.38 2.74 GOL Linhas GOL .0 dd 3.83 –0.38.0023 139.65 102.33 Heico A HEI.A .2 48 119.46 –7.04 .09
186.86 120.50 Clorox CLX 3.3 38 141.77 –6.39 1.18 34.20 16.19 DigitalBridge DBRG .2 dd 16.29 –2.12 .01 12.65 8.89 ErmenegildoZegna ZGN .9 ... 10.54 +0.01.0947 47.82 30.49 GSK GSK 6.5 10 30.83 –1.06.3421 16.35 1.75 Heliogen HLGN ... dd 2.22 –0.23 ...
221.64 38.96 Cloudflare NET ... dd 58.92 –6.91 ... 133.40 30.05 DigitalOcean DOCN ... dd 41.56 –2.52 ... 20.95 8.07 EroCopper ERO ... 6 10.60 –0.48 ... 9.93 9.70 GSquaredIIA GSQB ... 24 9.92 –0.01 ... 114.89 49.44 HeliosTech HLIO .7 15 50.96 –5.52 .09
6.34 2.11 CN Finance CNF ... dd 2.73 –0.01 ... 416.71 167.03 Dillard's DDS .3 6 287.30 –26.76 .20 50.17 35.53 EssentGroup ESNT 2.3 5 38.91 –1.77 .22 10.02 9.62 GSquaredI A GSQD ... 33 9.92 +0.03 ... 5.78 2.47 HelixEnergy HLX ... dd 4.50 +0.10 ...
67.20 52.28 Coca-Cola KO 3.0 27 59.54 –2.78 .44 95.00 61.30 DineBrands DIN 2.8 13 72.25 +0.28 .51 31.23 19.73 EssentialProp EPRT 4.8 24 22.37 –0.12 .27 105.92 38.08 GXO Logistics GXO ... 21 40.09 –6.34 ... 54.59 20.93 Helm&Payne HP 2.3 dd 42.72 –2.23 .25
65.18 46.91 Coca-Cola Femsa KOF 4.1 16 61.99 –0.931.3528 37.37 2.51 Dingdong DDL ... dd 4.12 –0.24 ... 53.93 40.97 EssentialUtil WTRG 2.5 27 45.57 –2.24 .287 192.00 144.78 Gallagher AJG 1.1 36 179.45 –8.97 .51 47.86 19.30 Herbalife HLF ... 7 22.75 –2.23 ...
7.64 2.54 CoeurMining CDE ... dd 2.85 –0.21 ... 10.12 9.78 DirectSellingA DSAQ ... 21 10.06 –0.05 ... 363.36 250.62 EssexProp ESS 3.4 44 261.06 –17.20 2.20 63.92 19.40 GameStop GME ... dd 28.64 –0.28 ... 203.14 83.43 HercHoldings HRI 2.1 12 110.04 –9.33 .575
101.22 62.01 Cohen&Steers CNS 3.0 17 72.61 –2.04 .55 133.40 88.02 DiscoverFinSvcs DFS 2.4 7 100.91 –1.61 .60 374.20 225.39 EsteeLauder EL 1.0 37 239.38 –13.52 .60 7.05 1.98 Gannett GCI ... dd 2.06 –0.21 ... 19.09 12.62 HerculesCapital HTGC10.2 cc 13.67 –0.34 .15
10.05 7.85 CohnRobbinsA CRHC ... 76 8.78 +0.33 ... 185.90 90.23 Disney DIS ... 63 108.25 –6.93 ... 28.04 19.60 EthanAllen ETD 5.6 6 22.90 –1.45 .50 4.58 1.15 GaotuTechedu GOTU ... dd 1.40 –0.23 ... 7.37 2.26 HeritageInsurance HRTG 8.2 dd 2.91 +0.10 .06
85.61 72.20 ColgatePalm CL 2.5 33 75.69 –2.34 .47 10.45 9.69 dMYTechVI A DMYS ... cc 9.88 +0.04 ... 18.52 7.91 Euronav EURN .7 dd 17.83 +0.06 .03 26.12 7.79 Gap GPS 6.6 dd 9.12 –0.81 .15 12.15 7.92 HershaHospitality HT ... dd 9.74 –0.67 ...
9.90 9.59 ColombierAcqnA CLBR ... 23 9.73 ... ... 96.85 69.18 DolbyLab DLB 1.4 38 72.84 –2.17 .25 12.00 5.30 EveHolding EVEX ... 37 11.10 +3.39 ... 173.29 85.59 Garmin GRMN 3.4 16 85.73 –5.11 .73 234.56 167.80 Hershey HSY 1.9 28 219.89 –6.361.036
9.91 9.65 Colonnade II A CLAA ... 77 9.90 +0.02 ... 17.66 8.30 Dole DOLE 3.8 dd 8.50 –0.90 .08 10.25 9.70 EVeMobilityA EVE ... dd 10.06 +0.01 ... 369.00 221.39 Gartner IT ... 34 300.08 –6.06 ... 131.44 66.20 Hess HES 1.2 26 121.64 –0.83 .375
102.09 70.37 Comerica CMA 3.5 11 78.56 –6.01 .68 262.21 183.25 DollarGeneral DG .9 24 243.79 –3.47 .55 22.52 6.72 Eventbrite EB ... dd 7.38 –0.31 ... 18.18 10.33 GatesIndustrial GTES ... 15 10.86 –0.74 ... 35.71 23.35 HessMidstream HESM 8.1 14 27.48 –1.14.5559
109.00 67.91 ComfortSystems FIX .6 17 99.79 –3.14 .14 9.10 0.51 Doma DOMA ... dd .55 –0.02 ... 164.63 84.83 EvercoreA EVR 3.2 5 89.70 –9.03 .72 14.63 2.40 GatosSilver GATO ... dd 2.59 –0.18 ... 17.76 12.40 HewlettPackard HPE 3.7 5 13.06 –0.37 .12
46.68 28.77 CommercialMetals CMC 1.5 4 37.59 –4.12 .14 88.78 70.37 DominionEner D 3.3 30 80.82 –2.34.6675 10.07 9.80 EverestConsolA MNTN ... dd 10.03 +0.02 ... 12.23 1.01 Gelesis GLS ... dd 1.13 –0.08 ... 65.82 46.77 Hexcel HXL .7 53 56.86 –3.96 .10
78.00 60.94 CommBkSys CBU 2.8 20 63.85 –1.14 .44 567.57 321.15 Domino's DPZ 1.3 27 342.97 –24.15 1.10 308.20 248.63 EverestRe RE 2.3 14 283.07 +0.38 1.65 27.15 12.97 GencoShipping GNK 15.1 2 13.28 –0.72 .50 10.51 9.31 HighlandTransI HTPA ... 38 9.94 –0.01 ...
15.29 2.56 CommunityHlthSys CYH ... dd 2.91 –0.32 ... 63.15 46.00 Donaldson DCI 1.8 19 51.67 –1.12 .23 73.13 59.34 Evergy EVRG 3.4 19 67.07 –3.08.5725 524.31 197.94 Generac GNRC ... 26 200.17 –37.83 ... 47.66 29.24 HighwoodsProp HIW 6.6 11 30.34 –0.99 .50
49.20 32.57 CommunityHlthcr CHCT 5.0 41 34.92 –2.33.4425 52.33 24.60 DonnelleyFin DFIN ... 9 39.22 –1.60 ... 26.61 15.05 Everi EVRI ... 11 17.45 –1.11 ... 254.99 188.64 GeneralDynamics GD 2.2 19 227.45 –4.16 1.26 3.39 1.18 HillIntl HIL ... ... 3.37 ... ...
11.22 5.88 SABESP SBS 1.6 13 8.88 –1.40.2004 257.25 56.60 DoorDash DASH ... dd 59.13 –5.18 ... 94.63 77.07 EversourceEner ES 2.9 23 88.80 –2.83.6375 116.17 59.93 GeneralElec GE .5 dd 66.39 –7.65 .08 54.15 36.21 Hillenbrand HI 2.2 14 40.08 –0.77.2175
4.00 2.22 EngGr-Cmg C CIG.C ... 14 3.56 –0.17 ... 18.50 10.77 DorianLPG LPG .0 6 13.96 –0.56 1.00 51.06 32.57 Evertec EVTC .6 16 33.03 –1.59 .05 78.54 57.47 GeneralMills GIS 2.9 17 75.25 –0.66 .54 38.47 25.01 Hilltop HTH 2.3 10 26.61 –0.16 .15
2.62 1.65 EngGr-Cmg CIG ... 9 2.20 –0.20 ... 40.79 17.22 DoubleVerify DV ... 88 27.34 –1.92 ... 39.78 21.36 EvolentHealth EVH ... dd 37.98 –1.58 ... 67.21 30.33 GeneralMotors GM .9 8 39.97 –1.32 .09 56.33 34.31 HiltonGrandVac HGV ... 15 38.67 –2.99 ...
8.15 5.01 COPEL ELP 16.4 27 6.18 –0.37.5373 45.66 27.80 DouglasDynamics PLOW 3.9 23 29.40 –2.06 .29 49.38 30.44 EvoquaWater AQUA ... 77 36.15 –0.66 ... 10.44 9.66 GenAsia I A GAQ ... 69 9.92 +0.01 ... 167.99 108.41 Hilton HLT .5 38 130.80 –5.11 .15
5.97 2.42 CiaSiderurgica SID 15.1 5 2.49 –0.31.2433 12.66 4.36 DouglasElliman DOUG 4.3 6 4.62 –0.24 .05 30.82 18.31 ExcelerateEner EE .4 ... 24.49 –2.25 .025 73.72 42.71 Genesco GCO ... 6 44.87 –4.50 ... 9.19 2.72 Hims&HersHealth HIMS ... dd 5.88 –0.80 ...
19.49 10.23 CerveceriasUnid CCU 13.8 9 10.34 –0.76.3084 36.97 18.99 DouglasEmmett DEI 5.3 43 21.28 +0.02 .28 10.24 9.75 ExecutiveNtwkA ENPC ... dd 9.96 –0.01 ... 13.48 7.61 GenesisEnergy GEL 5.3 dd 11.33 –0.70 .15 5.27 0.73 Hippo HIPO ... dd .88 –0.16 ...
33.31 19.00 CompassDiversif CODI 5.2 cc 19.05 –1.71 .25 184.05 116.66 Dover DOV 1.7 15 120.91 –8.56 .505 5.82 1.20 Express EXPR ... 6 1.25 –0.10 ... 11.38 4.74 GenieEnergy GNE 3.1 3 9.57 +0.07 .075 19.46 10.66 HireRight HRT ... 43 16.23 –0.05 ...
15.15 2.61 Compass COMP ... dd 2.89 –0.31 ... 71.86 45.41 Dow DOW 6.0 5 46.42 –4.09 .70 21.36 8.82 Expro XPRO ... dd 13.68 –0.48 ... 20.45 2.20 GeniusSports GENI ... dd 4.60 +0.24 ... 14.68 5.24 Holley HLLY ... cc 5.33 –0.65 ...
75.44 30.67 CompassMnlInt CMP 1.6 dd 38.44 –1.60 .15 101.49 27.06 Doximity DOCS ... 40 31.45 –2.45 ... 7.70 2.67 Exterran EXTN ... dd 4.70 –0.31 ... 54.03 37.68 Genpact G 1.1 25 44.97 –1.69 .125 20.49 15.12 HollyEnergy HEP 7.7 10 18.08 –0.17 .35
9.88 9.67 ComputeHlthA CPUH ... 24 9.84 ... ... 67.40 47.88 DrReddy'sLab RDY .6 21 50.59 –2.88.3171 228.84 156.70 ExtraSpaceSt EXR 3.3 28 184.19 –17.66 1.50 164.99 115.63 GenuineParts GPC 2.3 20 154.68 –8.12 .895 26.64 19.83 HomeBancShares HOMB 2.8 17 23.65 +0.09 .165
22.11 6.88 ComstockRscs CRK ... 22 18.95 +0.17 ... 41.23 18.17 Dril-Quip DRQ ... dd 21.89 –1.54 ... 105.57 52.96 ExxonMobil XOM 3.8 10 93.21 –3.29 .88 4.61 3.32 GenworthFin GNW ... 2 3.89 –0.20 ... 420.61 264.51 HomeDepot HD 2.8 17 275.97 –23.80 1.90
36.97 30.06 ConagraBrands CAG 3.9 18 33.83 –0.54 .33 3.04 0.97 DriveShack DS ... dd 1.01 –0.08 ... 18.52 10.13 GeoPark GPRK 4.1 4 12.50 –0.15 .127 32.15 23.21 HondaMotor HMC 3.4 8 24.57 –1.38.4961
13.48 9.83 ConcordAcqnA CND ... dd 10.06 ... ... 25.25 14.24 DuckhornPtf NAPA ... 26 14.31 –3.99 ... F 6.62 3.94 Gerdau GGB .6 2 4.39 –0.40 .116 42.95 32.60 HoraceMannEdu HMN 3.5 26 36.14 –0.58 .32
10.70 9.60 ConcordAcqnIIA CNDA ... 24 9.70 –0.02 ... 58.18 40.00 Ducommun DCO ... 4 41.96 –2.64 ... 37.88 7.86 GettyImages GETY ... 35 8.49 –4.03 ... 10.15 9.76 HorizonII A HZON ... 28 9.97 ... ...
10.40 9.72 ConcordAcqnIII A CNDB ... 17 9.98 +0.01 ... 116.33 95.48 DukeEnergy DUK 3.8 21 106.11 –3.771.005 9.94 9.63 FastAcqnII A FZT ... 31 9.82 +0.03 ... 33.35 24.66 GettyRealty GTY 5.5 17 30.02 –0.21 .41 8.75 1.30 HorizonGlobal HZN ... dd 1.52 ... ...
3.40 1.15 ConcordMed CCM ... dd 1.62 –0.36 ... 66.22 47.12 DukeRealty DRE 2.1 22 53.89 –7.34 .28 48.04 37.00 FB Financial FBK 1.3 13 39.75 +0.12 .13 10.14 9.80 GigCapital5 GIA ... dd 10.10 +0.01 ... 55.11 40.48 HormelFoods HRL 2.3 25 45.79 –1.07 .26
159.11 85.69 Conmed CNMD .9 dd 91.49 –6.52 .20 21.15 13.67 Dun&Bradstreet DNB 1.4 dd 14.31 –0.67 .05 16.44 0.79 F45Training FXLV ... dd 2.33 –0.25 ... 43.63 25.67 Gildan GIL 2.2 9 31.19 –0.68 .169 110.45 59.25 DR Horton DHI 1.3 5 71.12 –2.21 .225
124.08 56.30 ConocoPhillips COP 1.6 9 113.13 +1.16 1.40 85.16 52.57 DuPont DD 2.4 15 53.98 –4.41 .33 43.48 6.93 Figs FIGS ... 51 9.80 –2.22 ... 15.86 2.09 GinkgoBioworks DNA ... dd 2.99 +0.05 ... 122.62 74.23 HoulihanLokey HLI 2.6 13 80.16 –1.00 .53
102.21 71.52 ConEd ED 3.2 21 97.41 –3.44 .79 81.40 20.05 DutchBros BROS ... dd 34.16 –2.86 ... 140.99 87.42 FMC FMC 2.0 20 105.88 –6.82 .53 60.69 44.43 GlacierBancorp GBCI 2.6 20 51.04 –0.45 .33 133.99 38.23 Hovnanian HOV ... 1 41.79 –1.34 ...
9.99 9.70 ConstellationI A CSTA ... 36 9.90 ... ... 120.45 64.77 DycomInds DY ... 35 106.67 –6.83 ... 14.11 10.48 FNB FNB 4.0 11 12.07 –0.01 .12 18.74 3.81 Glatfelter GLT 13.3 dd 4.20 –0.13 .14 105.51 60.04 HowardHughes HHC ... 25 65.74 –2.57 ...
261.52 207.59 ConstBrands A STZ 1.3 39 239.90 –6.80 .80 4.49 2.55 DynagasLNG DLNG ... 2 3.37 –0.15 ... 14.92 6.42 FreyrBattery FREY ... dd 13.66 +0.72 ... 64.49 33.33 Glaukos GKOS ... dd 57.67 +1.37 ... 38.99 27.41 HowmetAerospace HWM .2 47 33.61 –2.80 .02
314.00 209.90 ConstBrands B STZ.B .9 55 304.00 –10.00 .72 80.13 29.41 Dynatrace DT ... cc 37.33 –3.40 ... 23.44 18.09 FS KKR Cap FSK 13.4 9 20.03 –1.36 .06 9.99 3.96 GlobalBlue GB ... dd 4.68 –0.43 ... 227.58 170.21 Hubbell HUBB 1.9 22 219.11 –4.95 1.05
20.85 11.33 Constellium CSTM ... 6 11.45 –1.81 ... 18.15 13.96 DynexCapital DX 10.5 3 14.86 –0.69 .13 190.43 131.50 FTI Consulting FCN ... 25 154.97 –3.99 ... 10.02 5.16 GlblBusTravel GBTG ... dd 6.58 –0.95 ... 866.00 257.21 HubSpot HUBS ... dd 291.57 –40.93 ...
44 BARRON’S September 19, 2022

D ATA NEW YORK STOCK EXCHANGE COMPOSITE LIST B A R R O N S .C O M / D ATA

–52-Week– Tick Div –52-Week– Tick Div –52-Week– Tick Div
High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt.

NYSE Cumulative Daily Breadth vs DJIA

8.75 3.08 HudbayMinerals HBM .4 dd 4.27 –0.28.0076 1714.75 1082.78 MettlerToledo MTD ... 34 1198.50 –102.45 ... 75.07 52.11 ONEOK OKE 6.2 17 60.22 –2.27 .935
28.66 12.54 HudsonPacProp HPP 7.7 dd 12.98 –1.17 .25 6.58 3.03 MicroFocus MFGP 4.2 dd 5.82 –0.14 .08 20.91 8.49 ON24 ONTF ... dd 8.84 –0.96 ...
504.99 351.20 Humana HUM .6 20 499.79 +21.29.7875 231.63 158.85 MidAmApt MAA 3.0 33 165.95 –6.75 1.25 54.14 13.29 OakStreetHealth OSH ... dd 28.46 +0.13 ...
10.43 9.80 HuntCosI A HTAQ ... 16 10.14 +0.01 ... 37.99 21.85 MillerIndustries MLR 3.2 21 22.54 –1.35 .18 77.13 24.96 OccidentalPetrol OXY .8 6 64.41 –1.20 .13
243.46 175.50 HuntingIngalls HII 2.0 16 232.11 –3.19 1.18 79.03 54.61 MineralsTechs MTX .4 11 55.17 –7.39 .05 55.04 9.06 OccidentalPetrolWt OXY.WT ... ... 42.73 –0.94 ...
41.65 24.87 Huntsman HUN 3.3 4 25.68 –1.60.2125 All Pain, No Gain: NYSE Composite breadth fell for the fourth time in 11.95 5.40 MirionTech MIR ... dd 7.45 –0.29 ... 18.20 8.56 OceaneeringIntl OII ... dd 9.34 –0.52 ...
108.10 70.12 HyattHotels H ... 43 89.05 –3.90 ... 9.88 9.63 MissionAdvA MACC ... 37 9.81 –0.02 ... 41.92 17.76 OcwenFinancial OCN ... 3 27.74 +1.24 ...
9.61 2.69 Hyliion HYLN ... dd 3.07 –0.13 ... five weeks, as the S&P 500 suffered its worst week since June. Los- 19.82 9.08 MisterCarWash MCW ... 22 9.33 –1.26 ... 17.94 1.29 Offerpad OPAD ... 11 1.30 –0.26 ...
55.78 27.39 HysterYaleMatls HY 4.4 dd 29.22 –0.38.3225 11.29 4.64 MistrasGroup MG ... 58 4.77 –0.30 ... 37.20 22.80 OilDriAmerica ODC 4.3 cc 26.11 –0.47 .28
I
ing stocks on the NYSE outpaced winners by nearly 5 to 1. 6.78 4.89 MitsubishiUFJ MUFG 3.7 9 5.05 –0.04.1064 9.02 4.21 OilStatesIntl OIS ... dd 4.50 –0.42 ...
13.26 6.75 MiXTelematics MIXT 2.4 20 7.87 +0.02.0629 27.19 20.93 OldRepublic ORI 4.2 7 21.83 –0.61 1.00
Breadth DJIA 3.04 2.15 MizuhoFin MFG 4.3 8 2.35 +0.04.0611 67.25 43.02 Olin OLN 1.7 5 45.87 –9.54 .20
61.17 31.32 IAA IAA ... 15 33.72 –2.28 ... 37.25 20.95 ModelN MODN ... dd 31.24 –0.56 ... 35.68 7.16 Olo OLO ... dd 7.87 –0.47 ...
23.49 16.36 ICICI Bank IBN .5 22 22.73 –0.27.1124
12.96 6.91 ICL Group ICL 1.8 6 8.41 –1.05.2918
609,000 36,500 17.52 7.67 ModineMfg MOD ... 8 14.80 –0.51 ... 33.71 24.81 OmegaHealthcare OHI 8.6 17 31.07 –1.61 .67
89.99 14.31 Modiv MDV 6.7 dd 17.04 +1.88.0958 91.61 61.31 Omnicom OMC 4.2 11 66.99 –3.42 .70
118.92 95.26 IDACORP IDA 2.8 23 108.76 –2.30 .75 77.49 37.16 Moelis MC 6.1 8 39.14 –4.29 .60 55.87 16.16 OnHolding ONON ... dd 18.10 –2.18 ...
67.30 21.68 IDT IDT ... 14 25.11 –0.30 ... 602,200 35,100 199.37 99.20 MohawkInds MHK ... 7 99.85 –13.82 ... 36.60 23.26 OneLiberty OLP 7.2 14 24.98 +0.87 .45
18.48 6.09 IHS Holding IHS ... dd 6.52 +0.25 ... 361.25 249.78 MolinaHealthcare MOH ... 26 339.37 –8.86 ... 4.67 0.90 OneConnectFinTech OCFT ... dd 1.00 –0.12 ...
15.97 8.42 ING Groep ING 10.0 ... 9.80 +0.63.1737 70.00 51.21 MolsonCoorsA TAP.A 2.4 18 62.05 –3.17 .38 60.38 33.71 OneMain OMF 10.8 4 35.04 –2.51 .95
4.83 1.39 INNOVATE VATE ... dd 1.40 –0.05 ... 595,400 33,700 60.12 42.46 MolsonCoorsB TAP 3.0 15 50.44 –1.73 .38 10.89 0.32 OnionGlobal OG ... dd .44 –0.13 ...
27.03 15.20 Invesco IVZ 4.7 7 16.09 –1.49.1875 11.34 1.17 MoneyLion ML ... dd 1.31 –0.13 ... 106.09 59.95 OntoInnovation ONTO ... 18 68.30 –3.19 ...
9.88 9.65 IonAcqn3 IACC ... dd 9.85 +0.02 ... Breadth 581,367 80.42 28.36 MontroseEnvl MEG ... dd 43.09 +0.03 ... 24.28 10.82 Ooma OOMA ... dd 12.75 +0.38 ...
285.61 194.67 IQVIA IQV ... 34 205.04 –18.13 ... 588,600 32,300 407.94 251.01 Moody's MCO 1.0 30 280.29 –19.25 .70 54.98 28.88 Oppenheimer A OPY 1.8 5 32.56 –0.07 .15
5.77 3.16 IRSA IRS ... dd 4.02 –0.43 ... 90.01 67.77 Moog A MOG.A 1.4 15 74.45 –3.55 .26 8.80 2.33 OppFi OPFI ... 1 2.60 –0.04 ...
105.54 63.77 ITT ITT 1.5 18 70.51 –5.19 .264 90.13 68.48 Moog B MOG.B 1.4 15 76.95 –2.21 .26 106.34 63.76 Oracle ORCL 1.9 33 68.83 –7.08 .32
3.77 1.12 IamGold IAG ... dd 1.19 –0.14 ... 581,800 30,900 109.73 72.05 MorganStanley MS 3.5 12 87.43 –2.03 .775 12.71 9.85 Orange ORAN ... 6 10.07 –0.06 ...
9.91 9.66 IberePharmA IBER ... 24 9.91 +0.02 ... 79.28 31.47 Mosaic MOS 1.1 6 52.20 –4.04 .15 25.30 11.86 OrchidIsland ORC 15.9 dd 12.07 –0.64 .16
10.14 9.83 IconicSportsA ICNC ... 16 10.11 +0.02 ... 10.40 9.75 MotiveCapII A MTVC ... dd 10.00 –0.02 ... 39.48 28.18 Organon OGN 3.9 7 28.61 –1.22 .28
240.33 172.19 IDEX IEX 1.2 31 204.93 –5.11 .60 575,000 29,500 273.65 195.18 MotorolaSol MSI 1.3 34 239.20 –11.02 .79 20.99 13.84 OrionEngCarbons OEC .5 11 15.70 –1.66.0207
5.79 1.10 iHuman IH ... dd 1.99 +0.02 ... 48.66 28.93 Movado MOV 4.7 7 29.93 –1.81 .35 5.80 2.10 OrionGroup ORN ... dd 2.54 –0.18 ...
249.81 173.52 IllinoisToolWks ITW 2.7 23 194.06 –12.45 1.31 O N D J F M A M J J A S 70.38 40.15 MuellerIndustries MLI 1.7 5 59.67 –3.06 .25 32.25 9.67 OrionOffice ONL 4.0 dd 10.03 –0.52 .10
22.10 14.00 Imax IMAX ... dd 15.64 –0.42 ... In generating this chart, we subtract each day's NYSE composite declines from that day's advances. The resultant total is 17.37 10.38 MuellerWater MWA 2.2 19 10.53 –0.92 .058 112.91 77.42 Orix IX 3.8 7 78.52 –2.571.7813
7.40 2.42 IndependenceContr ICD ... dd 3.02 –0.13 ... added to the next day's total, and so on. When all five days' numbers are added together, this produces the weekly figure we 6.44 2.88 MultiPlan MPLN ... 12 3.00 –0.25 ... 98.11 60.32 OrmatTech ORA .5 85 95.44 –1.07 .12
28.42 18.39 IndepRealty IRT 3.0 30 18.84 –1.35 .14 plot. Dec. 31, 1985 =1000. 45.79 19.48 MurphyOil MUR 2.5 12 39.35 –0.48 .25 18.89 3.89 OscarHealth OSCR ... dd 5.74 –0.50 ...
10.13 9.80 IndlHumanCap AXH ... dd 10.13 ... ... 303.09 158.03 MurphyUSA MUSA .5 13 276.88 –12.49 .32 125.16 76.88 Oshkosh OSK 1.9 16 77.59 –4.76 .37
48.44 36.98 IndustrsBachoco IBA 2.0 7 47.00 –1.13.4887 9.90 9.65 MusicAcqnA TMAC ... 22 9.86 +0.01 ... 10.00 9.62 OsirisAcqn OSI ... 28 9.76 +0.02 ...
10.11 9.72 InfiniteAcqnA NFNT ... dd 9.94 –0.01 ... 25.55 15.82 MyersIndustries MYE 3.1 13 17.61 –1.13 .135 13.83 3.84 OsiskoDevelopment ODV ... dd 5.15 –0.61 ...
10.14 9.83 InFinTAcqnA IFIN ... dd 10.14 +0.02 ... –52-Week– Tick Div –52-Week– Tick Div 24.96 7.67 MyovantSciences MYOV ... dd 18.71 –1.11 ... 14.57 9.20 OsiskoGoldRoyal OR 1.7 dd 9.88 –0.36.0427
40.13 16.20 Informatica INFA ... dd 20.64 –1.31 ... High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. 88.22 66.97 OtisWorldwide OTIS 1.7 23 67.80 –5.60 .29
26.39 17.09 Infosys INFY 1.4 25 17.38 –1.68.2104 209.08 127.93 KeysightTechs KEYS ... 27 165.43 –6.93 ... 14.50 8.75 LumenTech LUMN11.4 5 8.80 –1.17 .25 NO 8.02 1.16 Ouster OUST ... dd 1.18 –0.30 ...
62.64 39.28 IngersollRand IR .2 32 47.19 –3.04 .02 79.06 47.17 KilroyRealty KRC 4.3 30 49.69 –0.84 .54 4.18 2.25 LumentFinance LFT 9.9 10 2.43 –0.05 .06 29.36 16.07 OutfrontMedia OUT 6.6 23 18.11 –1.58 .30
83.65 56.31 Ingevity NGVT ... 17 64.04 –6.27 ... 10.76 9.94 KimbellTigerA TGR ... dd 10.09 +0.01 ... 23.71 14.26 Luxfer LXFR 3.3 20 15.63 –0.48 .13 63.19 25.52 NACCO Inds NC 1.6 5 53.00 +5.68.2075 3.39 1.64 OverseasShip OSG ... dd 3.30 ... ...
101.89 81.25 Ingredion INGR 3.1 12 83.11 –2.63 .65 145.79 117.32 KimberlyClark KMB 3.8 23 122.02 –4.82 1.16 117.22 75.90 LyondellBasell LYB 6.2 5 77.15 –6.98 1.19 15.77 8.12 N-able NABL ... cc 10.17 +0.07 ... 63.30 27.52 Ovintiv OVV 2.0 5 49.55 –2.75 .25
288.02 87.47 InnovativeIndProp IIPR 7.9 18 91.46 –3.34 1.80 26.57 18.52 KimcoRealty KIM 4.2 17 20.74 –1.27 .22 45.92 21.64 NCR NCR ... 50 23.20 –8.94 ... 49.11 24.29 Owens&Minor OMI .0 12 25.17 –3.04.0025
10.00 1.62 Innovid CTV ... dd 2.65 –0.80 ... 20.20 15.01 KinderMorgan KMI 6.2 17 17.85 –0.46.2775 M 2.91 1.33 NGL Energy NGL ... dd 1.47 –0.06 ... 101.12 72.97 OwensCorning OC 1.7 7 81.65 –5.88 .35
129.32 83.94 Insperity NSP 2.0 29 106.22 –6.45 .52 8.18 4.85 KingswayFin KFS ... dd 7.61 +1.01 ... 44.27 11.67 NIO NIO ... dd 20.15 +0.99 ... 15.33 12.09 OwlRock ORCC10.0 15 12.41 –0.54 .31
286.29 142.74 InspireMedical INSP ... dd 191.60 –16.59 ... 7.13 3.00 KinrossGold KGC 3.6 dd 3.29 –0.26 .03 193.42 131.42 M&T Bank MTB 2.6 17 182.85 –4.76 1.20 10.71 5.51 NL Industries NL 3.4 5 8.20 –0.43 .07 6.26 1.16 Owlet OWLT ... dd 1.29 –0.45 ...
141.43 69.44 InstalledBldg IBP 1.5 16 85.40 –5.71 .315 285.26 157.81 KinsaleCapital KNSL .2 40 246.37 +0.49 .13 17.90 10.25 MBIA MBI ... dd 11.40 –1.11 ... 24.06 11.46 NOV NOV 1.2 dd 17.12 –0.40 .05 119.50 76.21 OxfordIndustries OXM 2.5 9 86.70 –5.41 .55
47.70 26.94 InsteelInds IIIN .4 4 27.73 –1.48 .03 75.08 47.58 Kirby KEX ... dd 66.13 –2.87 ... 56.53 27.83 MDC Holdings MDC 6.8 3 29.38 –2.27 .50 13.40 6.83 NOW DNOW ... 17 11.14 –0.46 ...
29.59 15.68 Instructure INST ... dd 21.76 –1.32 ... 23.35 16.68 KiteRealty KRG 4.3 dd 18.99 –0.86 .22 9.90 9.68 MDH Acqn A MDH ... 26 9.85 +0.02 ... 47.82 34.70 NRG Energy NRG 3.2 3 43.87 +0.58 .35 PQ
95.73 59.18 IntegerHoldings ITGR ... 28 62.83 –2.23 ... 62.29 42.50 Knight-Swift KNX 1.0 9 48.02 –2.88 .12 32.19 24.92 MDU Rscs MDU 3.0 18 29.49 –1.10.2175 5982.45 3576.01 NVR NVR ... 10 4085.72 –178.10 ...
10.07 9.80 IntegratedRailA IRRX ... 76 10.05 +0.04 ... 10.88 9.84 KnightSwanA KNSW ... dd 9.98 –0.02 ... 19.20 9.72 MFA Financial MFA 16.0 dd 11.00 +0.13 .44 10.08 9.86 NaborsEnerA NETC ... dd 10.08 +0.02 ... 44.12 9.61 PBF Energy PBF ... 3 28.33 –5.13 ...
10.10 9.80 IntegratedWellA WEL ... dd 10.08 ... ... 20.30 12.34 KnotOffshore KNOP13.3 ... 15.65 –0.60 .52 16.85 11.38 MGIC Investment MTG 2.8 6 14.27 –0.19 .10 207.67 72.46 NaborsIndustries NBR ... dd 124.59 –4.76 ... 19.65 10.65 PBF Logistics PBFX 7.1 7 16.96 –1.40 .30
139.79 90.05 ICE ICE 1.6 16 97.27 –6.13 .38 51.17 26.41 MGM Resorts MGM .0 5 33.36 –1.70.0025 48.24 34.88 NatlBankHoldings NBHC 2.4 15 38.89 –0.51 .23 13.38 9.45 PG&E PCG ... cc 13.08 +0.19 ...
23.81 12.98 Knowles KN ... dd 13.30 –0.83 ...
73.40 51.28 InterContinentl IHG 2.4 23 54.03 –2.69 .439 64.92 34.33 MI Homes MHO ... 3 39.31 –3.56 ... 75.97 50.26 NationalFuelGas NFG 2.8 13 68.88 –2.33 .475 23.36 15.42 PGT Innovations PGTI ... 18 20.18 –1.03 ...
64.38 26.07 Kohl's KSS 7.0 6 28.74 –1.97 .50
37.64 20.95 IntercorpFinSvcs IFS 8.1 7 21.58 –0.13 .65 17.39 5.07 MinisoGroup MNSO .0 17 5.30 –0.50 .152 80.20 59.53 NationalGrid NGG 5.4 14 59.97 –2.882.0929 4.98 2.07 PHX Minerals PHX 2.4 16 3.30 –0.01 .02
48.31 16.13 KoninklijkePhil PHG 4.3 5 17.97 +0.01.9641
144.73 114.56 IBM IBM 5.2 21 127.27 –1.92 1.65 13.92 1.41 MOGU MOGU ... ... 2.11 –0.49 ... 67.16 50.22 NatlHealthInv NHI 5.8 42 62.46 –3.68 .90 89.50 54.48 PJT Partners PJT 1.4 18 69.14 –2.62 .25
61.25 30.98 KontoorBrands KTB 5.1 8 36.23 –0.45 .46
155.00 101.34 IntlFlavors IFF 3.2 41 102.40 –12.09 .81 35.49 27.43 MPLX MPLX 8.7 10 32.49 –0.71 .705 89.50 59.99 NatlPrestoInds NPK 1.5 28 66.25 –0.23 3.50 39.00 27.59 PLDT PHI 4.1 11 28.98 +0.14.8451
37.44 20.65 Koppers KOP .9 7 21.73 –1.38 .05
32.95 16.46 IntlGameTech IGT 4.6 23 17.54 –1.15 .20 60.19 27.48 MP Materials MP ... 24 31.38 –2.51 ... 48.90 39.12 NatlRetailProp NNN 5.0 26 44.05 –1.17 .55 10.02 9.76 PMV Consumer PMVC ... 19 10.00 ... ...
56.57 34.75 IntlPaper IP ... 7 35.23 –6.49 ... 10.38 6.65 KoreaElcPwr KEP .0 dd 6.72 –0.41.4875
84.68 49.01 KornFerry KFY 1.2 8 49.28 –2.76 .15 13.45 6.38 MRC Global MRC ... dd 9.47 –0.34 ... 70.04 45.13 NatlStorage NSA 4.7 47 46.72 –4.74 .55 228.14 146.39 PNC Fin PNC 3.7 13 163.83 –0.51 1.50
34.25 13.05 IntlSeaways INSW 1.4 dd 33.59 +1.06 .12 157.29 112.89 MSA Safety MSA 1.6 cc 117.58 –5.05 .46 18.43 4.67 Natura&Co NTCO .9 dd 5.68 –0.55.0492 50.11 43.43 PNM Resources PNM 2.9 26 47.51 +0.16.3475
9.86 9.52 InterPrivateII A IPVA ... ... 9.85 +0.01 ... 8.49 2.21 KosmosEnergy KOS ... 16 6.52 +0.17 ...
62.78 38.22 Kroger KR 2.2 14 47.28 –4.66 .26 679.85 376.41 MSCI MSCI 1.1 47 456.68 –34.58 1.25 15.00 9.11 NaturalGasSvcs NGS ... dd 10.28 +0.08 ... 76.14 40.95 POSCO PKX 7.2 2 41.68 –2.91.7382
9.97 9.75 InterPrivateII A IPVF ... dd 9.88 +0.04 ... 87.99 71.69 MSC Industrial MSM 4.0 14 75.75 –4.43 .75 24.25 9.95 NaturalGrocers NGVC 3.2 11 12.61 –1.24 .10 177.32 107.06 PPG Ind PPG 2.1 26 117.48 –10.63 .62
39.98 26.36 Interpublic IPG 4.2 11 27.30 –1.25 .29 19.78 11.48 KronosWorldwide KRO 6.4 8 11.81 –0.95 .19
6.27 0.62 KukeMusic KUKE ... dd .71 –0.03 ... 10.05 9.27 M3-Brigade II A MBAC ... 22 9.82 ... ... 50.82 20.14 NaturalResPtrs NRP 6.7 4 45.11 –1.03 .75 30.99 24.98 PPL PPL 3.1 29 28.92 –0.93 .225
121.72 27.96 IntrepidPotash IPI ... 2 41.31 –5.61 ... 10.17 9.65 M3-BrigadeIII A MBSC ... dd 10.05 –0.01 ... 21.00 6.03 Natuzzi NTZ ... dd 7.22 –1.02 ... 50.79 15.62 ProgHoldings PRG ... 8 19.28 –1.16 ...
6.29 0.80 Invacare IVC ... dd 1.01 ... ... 40.00 9.10 Kyndryl KD ... dd 10.34 –0.65 ...
15.14 7.04 MV Oil MVO 14.8 9 12.87 +0.54 .70 7.53 5.37 NatWest NWG 4.6 8 6.35 +0.15.3958 10.05 9.79 ProofAcqnIA PACI ... dd 9.95 –0.05 ...
32.93 1.10 InvenTrust IVT 3.3 38 25.24 –1.74.2052 L 31.20 9.06 Mytheresa MYTE ... dd 12.13 –0.67 ... 11.40 1.64 Nautilus NLS ... dd 2.10 –0.02 ... 40.00 18.09 PROS PRO ... dd 22.56 –0.40 ...
34.00 9.63 InvescoMtg IVR 23.9 dd 15.06 –0.80 .90 22.88 8.42 Macerich MAC 6.6 dd 9.08 –0.78 .15 15.21 7.84 NavigatorHldgs NVGS ... cc 11.40 –0.45 ... 17.14 10.09 P10 PX 1.0 55 11.43 –0.46 .03
32.93 1.83 Invitae NVTA ... dd 3.18 –0.82 ... 163.33 96.32 LCI Inds LCII 3.8 6 111.75 –7.07 1.05 37.95 15.85 Macy's M 3.8 3 16.71 –1.50.1575 6.69 1.94 NaviosMaritime NM ... 0 2.22 –0.23 ... 125.42 53.03 PVH PVH .3 4 54.41 –6.18.0375
45.80 33.15 InvitatHomes INVH 2.4 81 36.86 –2.69 .22 10.78 5.12 LG Display LPL 3.8 30 5.24 –0.33.2739 85.60 48.07 MSG Entertainment MSGE ... dd 54.98 –2.32 ... 99.79 72.94 Nelnet NNI 1.2 7 80.96 –0.94 .24 168.50 116.60 PackagingCpAm PKG 4.2 11 118.07 –21.51 1.25
35.90 4.16 IonQ IONQ ... dd 5.49 +0.10 ... 20.35 7.00 LL Flooring LL ... 8 7.36 –0.51 ... 203.37 145.41 MSG Sports MSGS ... 72 150.22 –9.95 ... 13.49 1.59 NerdyA NRDY ... 47 2.46 –0.56 ... 47.82 21.72 PagerDuty PD ... dd 23.56 –1.64 ...
58.61 41.67 IronMountain IRM 4.5 43 55.29 +0.06.6185 27.45 6.59 LSB Inds LXU ... dd 15.44 –0.84 ... 53.75 43.58 MagellanMid MMP 8.2 11 50.73 +0.051.0375 25.60 18.47 Netstreit NTST 4.1 96 19.50 –0.28 .20 57.87 9.45 PagSeguroDig PAGS ... 19 14.94 –1.07 ...
37.64 1.11 IronNet IRNT ... dd 1.20 –1.02 ... 45.49 31.36 LTC Properties LTC 5.4 18 42.16 –2.14 .19 90.15 52.47 MagnaIntl MGA 3.3 24 54.87 –3.12 .45 127.97 39.41 Nevro NVRO ... dd 46.80 –2.71 ... 29.29 6.44 PalantirTech PLTR ... dd 7.78 –0.01 ...
13.14 2.20 ironSource IS ... 59 3.79 –0.32 ... 279.71 200.71 L3HarrisTech LHX 1.9 24 230.01 –6.13 1.12 22.28 11.13 Magnachip MX ... 8 11.42 –0.38 ... 47.50 34.41 NewJerseyRscs NJR 3.5 20 44.74 +0.45.3625 27.95 16.21 PampaEnergia PAM ... 4 25.01 –1.69 ...
27.75 12.25 iStar STAR 4.0 dd 12.65 –1.23 .125 16.11 9.62 LXP Industrial LXP 4.9 9 9.85 –0.59 .12 30.31 15.71 MagnoliaOil MGY 2.6 6 22.70 –0.48 .10 29.80 8.40 NewOrientalEduc EDU ... ... 24.40 –2.35 ... 21.10 11.66 ParPacific PARR ... 10 16.81 –1.73 ...
4.04 2.50 ItauCorpBanca ITCB 3.4 4 3.26 –0.19 .165 39.99 22.21 La-Z-Boy LZB 2.6 7 24.96 –1.40 .165 10.04 9.74 MagnumOpusA OPA ... 62 9.91 +0.03 ... 129.70 41.66 NewRelic NEWR ... dd 58.32 –5.70 ... 73.45 28.87 ParTechnology PAR ... dd 32.08 –3.47 ...
5.89 3.60 ItauUnibanco ITUB 2.6 10 5.05 –0.12.0029 317.17 212.40 LabCorp.ofAmerica LH 1.3 11 223.99 –14.33 .72 47.13 34.35 MainStreetCap MAIN 6.6 11 39.72 –0.98 .22 13.75 2.73 NewYorkCityReit NYC 10.2 dd 3.94 –0.01 .10 10.05 9.73 ParabellumAcqn PRBM ... 22 9.89 +0.01 ...
J 12.70 9.43 LadderCapital LADR 8.3 14 11.09 +0.01 .23 20.86 10.41 ManchesterUnited MANU 1.3 dd 14.15 –0.28 .09 14.33 8.50 NY CmntyBcp NYCB 7.2 8 9.49 –0.44 .17 25.41 12.35 Paragon28 FNA ... dd 17.54 –1.30 ...
83.29 49.71 LambWeston LW 1.3 56 76.56 –2.94 .245 23.26 8.68 Manitowoc MTW ... 22 8.93 –0.88 ... 56.19 27.63 NYTimes A NYT 1.2 26 29.92 –1.86 .09 11.54 6.73 ParamountGroup PGRE 4.4 cc 6.98 –0.19.0775
10.05 9.78 JattAcqnA JATT ... 19 10.03 –0.01 ... 3.33 0.43 Lannett LCI ... dd .58 +0.10 ... 12.91 7.25 Manning&Napier MN 1.6 16 12.39 –0.16 .05 378.63 280.28 NewMarket NEU 2.8 16 297.14 –6.52 2.10 14.53 10.61 ParkAerospace PKE 3.6 30 11.06 –0.11 .10
31.09 21.14 JBG SMITH Prop JBGS 4.1 38 21.69 –0.62 .225 120.86 51.23 LaredoPetrol LPI ... 2 68.19 –6.15 ... 115.54 69.31 Manpower MAN 3.9 9 69.99 –4.47 1.36 86.37 40.27 Newmont NEM 5.0 44 43.71 +0.54 .55 21.62 12.90 ParkHotels PK .3 dd 13.89 –0.73 .01
28.30 9.64 JELD-WEN JELD ... 7 10.03 –0.99 ... 48.27 28.88 LasVegasSands LVS ... dd 38.64 +0.47 ... 22.19 16.27 ManulifeFin MFC 5.1 6 17.16 –0.62.2587 4.81 2.46 NewparkResources NR ... dd 2.92 –0.07 ... 340.00 230.44 ParkerHannifin PH 2.0 26 260.10 –18.89 1.33
20.89 12.47 J.Jill JILL ... 5 16.43 –1.61 ... 53.00 30.72 Lazard LAZ 5.5 8 36.05 –2.05 .50 33.24 11.22 MarathonOil MRO 1.1 6 26.22 –0.13 .08 12.86 4.95 NexaResources NEXA 6.7 4 4.98 –0.17.3775 43.84 29.25 Parsons PSN ... 53 40.80 –1.19 ...
172.96 106.06 JPMorganChase JPM 3.4 9 117.08 –2.09 1.00 195.43 118.38 Lear LEA 2.3 73 136.33 –4.36 .77 114.35 56.08 MarathonPetrol MPC 2.4 6 95.65 –4.36 .58 6.56 3.39 NexGenEnergy NXE ... dd 4.20 –0.40 ... 9.21 1.04 PartyCity PRTY ... 2 2.06 –0.50 ...
72.11 48.80 Jabil JBL .5 10 58.40 –2.33 .08 10.18 9.61 LearnCWInvtA LCW ... 17 9.91 –0.01 ... 58.33 34.13 Marcus&Millichap MMI 1.3 9 37.09 –1.14 .25 25.98 17.96 NexPointRealEst NREF10.0 6 20.04 –0.98 .50 558.97 255.82 PaycomSoftware PAYC ... 89 349.60 –20.57 ...
9.99 9.70 JacksonAcqnA RJAC ... 14 9.89 –0.01 ... 48.37 33.19 Leggett&Platt LEG 4.9 13 36.28 –2.46 .44 22.32 13.41 Marcus MCS .0 dd 15.59 –1.01 .05 95.04 50.27 NexPointResidentl NXRT 2.9 85 51.91 –2.20 .38 36.79 10.50 Paymentus PAY ... cc 11.37 –1.09 ...
47.76 23.56 JacksonFinl JXN 6.9 0 32.06 –0.97 .55 111.12 81.07 Leidos LDOS 1.5 18 93.29 –2.40 .36 13.79 8.32 MarineProducts MPX 5.5 9 8.78 –1.66 .12 18.59 2.47 Nextdoor KIND ... dd 3.41 +0.15 ... 8.46 1.52 Paysafe PSFE ... dd 1.66 –0.15 ...
150.32 114.11 JacobsSolns J .8 33 117.27 –7.77 .23 19.00 1.77 LejuHoldings LEJU ... dd 2.02 –0.09 ... 61.06 29.87 MarineMax HZO ... 4 30.44 –4.06 ... 93.73 67.22 NextEraEnergy NEE 2.0 65 84.79 –5.11 .425 33.29 8.58 PeabodyEnergy BTU ... 4 20.60 –2.73 ...
41.85 20.14 JamesHardie JHX 2.3 19 21.60 –1.65 .30 79.54 15.99 Lemonade LMND ... dd 22.95 –2.55 ... 1519.25 1162.00 Markel MKL ... cc 1182.97 –17.19 ... 12.50 3.21 NexTierOilfield NEX ... 54 8.45 –0.92 ... 11.07 7.68 Pearson PSO 2.5 21 10.20 –0.44.8062
48.55 22.22 JanusHenderson JHG 6.7 8 23.33 –1.82 .39 49.21 11.17 LendingClub LC ... 5 12.66 –1.24 ... 7.98 1.72 Markforged MKFG ... 12 2.25 –0.31 ... 98.20 69.34 NicoletBankshares NIC ... 14 74.57 –1.94 ... 26.45 16.04 PebblebrookHotel PEB .2 dd 17.52 –0.75 .01
14.63 7.95 JanusIntl JBI ... 20 9.89 –0.79 ... 117.54 62.54 Lennar A LEN 2.0 5 75.79 –4.03 .375 174.74 110.08 MarriottVacations VAC 1.8 24 141.53 –4.30 .62 27.92 16.02 NielsenHoldings NLSN .9 17 27.83 –0.03 .06 29.62 16.33 PediatrixMedical MD ... 18 17.58 –0.62 ...
9.94 9.66 JawsMustangA JWSM ... 38 9.94 +0.02 ... 96.42 52.67 Lennar B LEN.B 2.5 4 60.07 –3.19 .375 183.14 142.80 Marsh&McLen MMC 1.5 24 156.34 –10.42 .59 179.10 99.53 Nike NKE 1.2 28 104.12 –6.85 .305 10.17 9.70 PegasusDigA PGSS ... 64 10.03 ... ...
44.47 25.88 JefferiesFin JEF 3.7 7 32.84 –1.22 .30 334.78 182.85 LennoxIntl LII 1.7 19 244.43 –13.78 1.06 446.46 284.99 MartinMarietta MLM .8 26 330.18 –26.12 .66 8.10 0.79 NineEnergy NINE ... dd 3.04 –0.21 ... 42.74 28.89 PembinaPipeline PBA 5.5 17 34.87 –1.05.1676
2.22 0.73 JianpuTech JT ... dd 2.00 –0.16 ... 9.96 9.69 LeoHldgsII A LHC ... 35 9.94 +0.01 ... 71.06 46.27 Masco MAS 2.3 14 48.77 –3.51 .28 32.59 23.65 NiSource NI 3.3 19 28.83 –1.63 .235 8.02 5.99 PennantPark PNNT 9.6 12 6.22 –0.21 .15
76.92 35.41 JinkoSolar JKS ... dd 57.05 –3.77 ... 28.62 15.62 LeviStrauss LEVI 2.3 12 17.62 +0.11 .12 9.85 9.65 MasonIndlTechA MIT ... 34 9.80 +0.01 ... 47.92 14.60 NoahHoldings NOAH ... 6 15.34 –0.63 ... 30.75 3.24 PA Reit PEI ... dd 4.35 +0.15 ...
11.11 3.61 JobyAviation JOBY ... dd 5.48 –0.17 ... 14.28 5.87 Li-Cycle LICY ... dd 6.03 –0.95 ... 128.87 69.41 MasoniteIntl DOOR ... 13 75.03 –8.30 ... 38.59 22.01 Noble NE ... 26 32.42 –0.54 ... 71.52 38.53 PennyMacFin PFSI 1.5 5 53.68 –1.19 .20
177.56 90.23 JohnBeanTech JBT .4 24 91.37 –11.26 .10 20.05 8.50 LibertyEnergy LBRT ... ... 13.64 –1.35 ... 104.21 62.64 MasTec MTZ ... 35 80.91 –1.60 ... 6.40 4.37 Nokia NOK .6 14 4.63 –0.44.0205 20.72 11.64 PennyMacMtg PMT 12.7 dd 14.86 ... .47
186.69 155.72 J&J JNJ 2.7 24 167.60 +1.89 1.13 154.45 100.66 LifeStorage LSI 3.7 31 117.64 –10.87 1.08 399.92 303.65 Mastercard MA .6 32 315.13 –20.72 .49 28.92 16.47 NomadFoods NOMD ... 13 16.91 –0.53 ... 126.93 88.58 PenskeAuto PAG 1.9 6 104.64 –6.15 .53
81.77 45.52 JohnsonControls JCI 2.6 36 53.61 –4.54 .35 23.37 10.53 LifeTime LTH ... dd 11.87 –1.43 ... 67.78 28.81 MatadorRscs MTDR .7 7 56.80 –1.52 .10 5.28 3.36 NomuraHoldings NMR 4.6 13 3.45 –0.13.1081 80.10 42.46 Pentair PNR 2.0 13 42.84 –4.28 .21
275.77 154.63 JonesLang JLL ... 8 162.73 –13.06 ... 1.83 0.87 LightInTheBox LITB ... dd 1.00 –0.13 ... 97.89 68.01 Materion MTRN .6 22 78.54 –5.95 .125 3.45 1.40 NordicAmTankers NAT 2.3 dd 3.11 –0.04 .03 292.84 114.87 Penumbra PEN ... dd 195.55 –10.33 ...
21.25 4.47 JumiaTech JMIA ... dd 7.15 –0.67 ... 9.71 1.89 Lightng eMotors ZEV ... dd 1.90 –0.32 ... 38.63 19.08 Mativ MATV 6.6 10 24.32 –0.62 .40 36.43 16.83 Nordstrom JWN 4.0 7 18.90 –0.50 .19 58.13 38.23 PerformanceFood PFGC ... 67 48.59 –3.35 ...
10.12 9.72 JuniperII A JUN ... 32 9.95 ... ... 130.02 15.03 Lightspeed LSPD ... dd 18.33 –1.78 ... 125.34 66.75 Matson MATX 1.8 2 69.39 –4.99 .31 299.20 217.00 NorfolkSouthern NSC 2.1 19 233.98 –15.87 1.24 10.16 9.65 PeridotAcqnIIA PDOT ... 31 9.90 –0.01 ...
38.14 26.20 JuniperNetworks JNPR 3.0 23 27.61 –1.43 .21 335.33 220.20 EliLilly LLY 1.3 49 308.89 –8.81 .98 12.36 8.70 MauiLand MLP ... 31 8.70 –0.38 ... 17.79 10.36 NorthAmConstr NOA 2.3 9 10.86 –1.10.0625 15.14 7.92 PerimeterSolns PRM ... dd 9.00 –1.23 ...
77.57 44.89 LincolnNational LNC 3.7 10 48.04 –2.77 .45 40.48 20.26 MaxarTech MAXR .2 31 20.81 –2.73 .01 20.72 7.60 NoEuroOil NRT 8.0 12 15.40 –0.20 .46 24.75 24.19 PeriphasCapA PCPC ... 65 24.71 +0.01 ...
K 352.18 265.12 Linde LIN 1.7 41 283.36 –3.67 1.17 88.13 56.50 Maximus MMS 1.9 20 59.79 –1.25 .28 9.95 9.62 NorthernGenIII NGC ... 31 9.80 ... ... 203.16 128.22 PerkinElmer PKI .2 24 130.14 –11.48 .07
171.69 116.77 Lindsay LNN .9 31 151.13 –9.45 .34 20.93 6.58 MayvilleEngg MEC ... dd 6.65 –0.60 ... 39.10 16.42 NorthernOil&Gas NOG 3.2 15 31.49 +0.08 .25 23.08 5.15 PermianBasin PBT 1.6 44 16.53 –0.47.1959
22.10 11.76 KAR Auction KAR ... dd 12.94 –0.72 ... 14.77 3.46 LionElectric LEV ... 4 3.55 –0.37 ... 107.35 77.67 McCormick MKC 1.9 31 79.14 –0.75 .37 10.00 9.67 NorthernStrII A NSTB ... 12 9.85 ... ... 9.70 5.08 PermianRscs PR ... 6 7.79 –0.15 ...
55.31 33.15 KB Financial KB 5.8 4 36.21 +0.45.3829 18.84 7.51 LionsGate A LGF.A ... dd 10.60 +0.58 ... 107.02 77.05 McCormickVtg MKC.V 1.9 31 78.72 –1.78 .37 9.88 9.65 NorthernStrIII A NSTC ... 30 9.82 –0.01 ... 5.79 1.80 PermianvilleRT PVL 10.3 13 3.30 +0.03.0245
50.20 24.78 KB Home KBH 2.1 4 28.37 –1.16 .15 17.29 7.16 LionsGate B LGF.B ... dd 9.99 +0.52 ... 271.15 217.68 McDonald's MCD 2.2 31 254.91 –4.61 1.38 9.85 9.67 NorthernStrIV A NSTD ... 24 9.83 +0.01 ... 10.88 6.14 PermRock PRT 8.1 10 8.63 +0.17.0907
56.94 36.98 KBR KBR 1.0 51 49.22 +0.54 .12 366.36 233.87 LithiaMotors LAD .7 6 238.08 –18.96 .42 12.20 2.81 McEwenMining MUX ... dd 3.48 –0.07 ... 497.20 344.89 NorthropGrum NOC 1.4 14 485.20 –6.21 1.73 50.90 31.32 Perrigo PRGO 2.6 dd 40.10 +0.95 .26
25.98 7.31 KE Holdings BEKE ... dd 17.57 –0.46 ... 41.56 18.89 LithiumAmericas LAC ... dd 28.50 –3.22 ... 375.23 193.89 McKesson MCK .6 37 346.25 –19.96 .54 57.63 43.07 NorthwestNat NWN 4.0 19 47.92 –0.75.4825 16.30 9.20 PetroleoBrasil PBR 47.1 3 13.10 –0.70.1643
9.90 9.70 KKR AcqnI A KAHC ... 38 9.82 ... ... 127.75 79.50 LiveNationEnt LYV ... dd 87.43 –5.69 ... 21.17 7.59 MediaAlpha MAX ... dd 8.15 –0.76 ... 29.45 10.31 NorwegCruise NCLH ... dd 15.31 +0.71 ... 15.04 8.89 PetroleoBrasilA PBR.A52.6 2 11.71 –0.65.1643
83.90 44.28 KKR KKR 1.3 38 48.52 –2.98 .155 10.00 9.55 LiveOakCrestA LOCC ... dd 9.73 –0.02 ... 24.13 13.30 MedicalProp MPW 8.4 7 13.80 –1.05 .29 9.57 3.38 NouveauMonde NMG ... dd 5.78 –0.74 ... 61.71 40.94 Pfizer PFE 3.5 9 46.03 –1.81 .40
23.40 16.47 KKR RealEstFin KREF 9.0 10 19.20 –0.42 .43 10.30 9.64 LiveOakCrestview LOCC.UT ... ... 9.78 –0.04 ... 235.71 116.50 Medifast MED 5.5 9 118.96 –6.85 1.64 94.26 79.09 Novartis NVS 2.7 8 80.65 –1.952.1823 112.48 85.64 PhilipMorris PM 5.3 16 95.56 –1.50 1.27
10.22 2.13 KoreGroup KORE ... dd 2.17 –0.38 ... 9.88 9.67 LiveOakMobilityA LOKM ... 25 9.86 +0.01 ... 131.31 85.66 Medtronic MDT 3.0 23 90.25 +0.52 .68 122.16 91.51 NovoNordisk NVO 1.1 30 101.42 –7.11.5836 111.28 63.19 Phillips66 PSX 4.8 7 80.73 –7.30 .97
15.30 12.33 KT KT 5.0 5 12.83 –0.55.5639 36.38 19.35 Livent LTHM ... 61 33.30 –1.15 ... 14.87 4.94 MemberCollect MCG ... dd 5.66 –0.33 ... 12.24 3.26 NuHoldings NU ... dd 5.28 –0.11 ... 9.66 2.10 PhoenixNewMedia FENG ... dd 4.99 –0.01 ...
240.47 166.43 Kadant KAI .6 18 170.28 –12.83 .26 58.74 18.74 LiveRamp RAMP ... dd 19.44 –1.01 ... 95.72 70.89 Merck MRK 3.1 13 87.72 +0.38 .69 56.76 36.32 NuSkinEnts NUS 4.1 17 37.38 –3.11 .385 76.10 13.19 Phreesia PHR ... dd 27.70 –0.86 ...
14.23 1.41 Kaleyra KLR ... dd 1.46 –0.08 ... 3.00 1.90 LloydsBanking LYG 4.7 7 2.16 +0.04.0385 57.64 31.29 MercuryGeneral MCY 4.0 dd 32.03 –1.89.3175 187.90 88.50 Nucor NUE 1.7 4 117.08 –26.48 .50 19.30 15.66 PhysiciansRealty DOC 5.6 46 16.30 –0.84 .23
46.50 27.94 Kaman KAMN 2.7 26 30.05 –2.73 .20 8.89 1.34 loanDepot LDI 20.4 dd 1.57 –0.21 .08 26.40 13.81 MeridianLink MLNK ... dd 17.02 –0.84 ... 15.85 8.56 NuScalePower SMR ... dd 13.93 +0.02 ... 19.84 11.55 PiedmontOfficeA PDM 6.9 32 12.19 –0.23 .21
76.99 59.54 Kellogg K 3.3 16 71.08 –0.98 .59 12.87 2.53 LocalBounti LOCL ... dd 2.56 –0.82 ... 125.01 62.51 MeritageHomes MTH ... 3 74.28 –4.54 ... 18.05 12.84 NuSTAREnergy NS 10.6 dd 15.08 –0.91 .40 11.01 9.72 PineIslandA PIPP ... 29 9.96 +0.01 ...
70.65 41.62 Kemper KMPR 2.7 dd 46.34 –2.30 .31 479.99 324.23 LockheedMartin LMT 2.7 24 414.29 –7.24 2.80 28.00 5.20 MesaRoyalty MTR 4.5 17 16.47 +0.29.2932 117.25 60.60 Nutrien NTR 2.2 7 86.06 –9.00 .48 30.40 15.85 PingIdentity PING ... dd 28.17 –0.09 ...
41.22 21.35 Kennametal KMT 3.7 13 21.58 –2.30 .20 68.20 51.35 Loews L .5 13 53.96 –2.90.0625 37.36 20.02 MesabiTrust MSB 22.9 7 22.10 –2.55 .84 10.45 2.19 NuvationBio NUVB ... dd 2.27 –0.57 ... 80.51 62.78 PinnacleWest PNW 4.6 15 73.63 –3.41 .85
25.30 17.26 KennedyWilson KW 5.4 19 17.64 –0.68 .24 7.49 4.45 LomaNegra LOMA 4.0 15 6.41 –0.40.3895 12.48 0.93 MetaData AIU ... ... 1.03 –0.05 ... 39.53 29.19 nVentElectric NVT 2.1 19 32.59 –2.65 .175 66.00 16.14 Pinterest PINS ... 79 24.92 –0.63 ...
72.90 36.24 KenonHoldings KEN ... 1 39.25 –0.85 ... 9.97 9.68 LongviewII A LGV ... 30 9.81 –0.01 ... 10.15 9.57 MetalsAcqn MTAL ... 36 9.78 –0.02 ... 30.93 22.23 OFGBancorp OFG 2.9 9 27.32 +0.25 .20 288.46 146.40 PioneerNatRscs PXD 9.8 10 239.50 –0.12 7.47
10.97 9.98 KensingtonCapAcqnV KCGI.UT ... ... 10.21 +0.15 ... 79.77 49.98 LouisianaPacific LPX 1.7 3 52.52 –3.07 .22 49.94 33.91 MethodeElec MEI 1.5 15 37.50 –2.38 .14 42.91 32.49 OGE Energy OGE 4.0 9 40.91 –0.94 .41 193.60 102.60 PiperSandler PIPR 2.2 8 106.48 –9.49 .60
10.38 9.71 KensingtonCapV A KCGI ... 22 9.96 +0.02 ... 263.31 170.12 Lowe's LOW 2.2 15 191.81 –13.84 1.05 73.18 57.05 MetLife MET 3.1 16 65.08 –2.56 .50 17.94 10.64 O-I Glass OI ... 4 13.13 –1.24 ... 8.20 2.51 PitneyBowes PBI 7.7 13 2.60 –0.41 .05
27.17 16.41 KeyCorp KEY 4.4 8 17.70 –0.96 .195 7.90 3.45 LufaxHolding LU 13.4 4 3.52 –0.44 .17 115.78 60.51 MetropolitanBk MCB ... 10 69.21 –3.34 ... 92.26 62.52 ONE Gas OGS 3.1 20 79.44 –1.29 .62 10.25 9.66 PivotalInvtIII A PICC ... 29 9.84 ... ...
September 19, 2022 BARRON’S 45

D ATA NEW YORK STOCK EXCHANGE COMPOSITE LIST B A R R ON S .C OM / D ATA

–52-Week– Tick Div –52-Week– Tick Div –52-Week– Tick Div –52-Week– Tick Div –52-Week– Tick Div
High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt.
99.60 61.11 PlanetFitness PLNT ... 89 65.58 –5.70 ... 11.60 7.59 SFL SFL 8.9 8 10.32 –0.45 .23 58.50 40.92 Stantec STN 1.2 35 47.04 –2.09.1411 106.31 71.86 Toro TTC 1.4 24 88.85 –0.94 .30 30.17 7.11 VermilionEnergy VET 1.1 6 23.13 –1.53.0628
12.15 3.70 PlanetLabs PL ... dd 6.49 +1.13 ... 10.56 4.42 SignaSports SSU ... dd 5.38 –0.57 ... 13.90 6.26 Starrett A SCX ... 5 9.50 +0.49 ... 86.02 58.64 TorontoDomBk TD 4.1 11 66.21 –1.37.6833 18.44 2.72 VerticalAerospace EVTL ... ... 6.18 +0.43 ...
10.45 4.21 PlayAGS AGS ... dd 6.44 –0.29 ... 17.61 12.40 SITE Centers SITC 4.1 18 12.83 –0.60 .13 10.90 2.00 StarryGroup STRY ... dd 2.12 –0.08 ... 20.95 3.71 Torrid CURV ... dd 5.68 –0.82 ... 27.97 7.76 Vertiv VRT .1 cc 12.33 –1.04 .01
32.37 17.04 PlymouthIndREIT PLYM 4.1 dd 21.25 +1.16 .22 73.69 55.74 SJW Group SJW 2.2 37 64.12 –0.60 .36 7.16 2.60 Startek SRT ... 19 3.37 –0.38 ... 10.15 9.61 TortoiseEcoIII A TRTL ... 24 9.79 +0.02 ... 52.73 25.18 Viad VVI ... dd 36.37 –2.01 ...
132.50 94.24 Polaris PII 2.4 16 107.83 –4.99 .64 51.70 19.73 SK Telecom SKM 7.3 6 20.39 –0.52.3615 26.36 19.69 StarwoodProp STWD 8.4 9 22.97 –0.52 .48 61.15 43.21 TotalEnergies TTE ... 6 50.16 –0.52 ... 15.79 2.82 VicariousSurgical RBOT ... 22 4.05 –0.34 ...
9.95 9.65 PontemA PNTM ... 34 9.92 ... ... 85.15 42.74 SLGreenRealty SLG 8.0 10 46.90 –1.39.3108 104.87 58.80 StateStreet STT 3.6 10 70.10 –2.90 .63 15.33 7.71 TownsquareMedia TSQ ... 7 7.85 –0.81 ... 65.20 26.14 Victoria'sSecret VSCO ... 6 32.13 –2.38 ...
57.03 45.02 PortlandGenElec POR 3.6 19 50.15 –2.00.4525 54.97 20.83 SM Energy SM .7 6 43.30 –2.64 .15 47.62 27.40 SteelPartners SPLP ... 8 42.05 –1.16 ... 213.74 140.19 ToyotaMotor TM 2.7 8 140.74 –4.852.2028 11.57 6.28 VinceHolding VNCE ... dd 6.58 –0.92 ...
91.48 61.67 PostHoldings POST ... 8 86.85 –2.39 ... 10.31 9.95 SoarTechAcqnA FLYA ... 31 10.26 +0.01 ... 13.69 9.12 Steelcase SCS 6.3 53 9.27 –2.08 .145 23.54 2.52 Traeger COOK ... dd 3.08 –0.24 ... 13.32 5.75 Vipshop VIPS ... 9 9.41 –1.31 ...
10.07 9.60 PostHldgsA PSPC ... 25 9.70 –0.03 ... 141.05 4.91 SOS SOS ... dd 5.10 –1.08 ... 21.92 11.37 Stellantis STLA ... 2 13.47 +0.06 ... 9.99 9.62 TrajectoryAlphaA TCOA ... dd 9.83 +0.01 ... 26.50 5.14 VirginGalactic SPCE ... dd 5.31 –0.69 ...
20.75 14.14 PostalRealty PSTL 5.8 cc 15.94 +0.60.2325 68.24 41.66 SPX Tech SPXC ... cc 55.84 –3.51 ... 27.50 5.72 Stem STEM ... dd 16.44 +0.04 ... 204.23 120.64 TraneTech TT 1.7 25 155.69 –8.14 .67 4.45 0.99 VirnetX VHC ... dd 1.32 –0.07 ...
33.29 10.60 PowerSchool PWSC ... dd 18.17 –0.01 ... 16.17 2.61 SQZ Biotech SQZ ... dd 2.80 –0.19 ... 129.35 94.77 Stepan SCL 1.4 15 96.22 –5.43 .335 12.13 8.91 Transalta TAC 1.6 dd 9.39 –0.09.0395 236.96 185.91 Visa V .8 30 193.30 –11.90 .375
87.19 29.26 PrecisionDrilling PDS ... dd 61.13 +0.66 ... 48.27 29.43 STAG Indl STAG 4.7 24 30.96 –0.94.1217 255.93 192.40 Steris STE 1.0 52 193.72 –16.58 .47 47.76 33.51 TrancntlRlty TCI ... 7 39.52 +0.02 ... 22.71 16.73 Vishay VSH 2.1 8 18.76 –0.76 .10
63.83 50.19 PrestigeCnsHlth PBH ... 13 51.50 –0.62 ... 10.01 9.69 ST Ener I A STET ... 25 9.99 +0.01 ... 29.18 13.36 Stevanato STVN .3 34 17.41 –0.42.0546 686.06 500.08 TransDigm TDG .0 45 581.93 –37.9918.50 38.86 27.03 VishayPrecision VPG ... 16 32.40 –1.32 ...
9.95 9.68 PrimaveraCapA PV ... 28 9.93 ... ... 36.13 24.48 StoreCapital STOR 4.8 27 31.90 +4.17 .385 81.00 45.63 StewartInfo STC 3.6 5 49.69 –3.98 .45 5.56 2.32 Transocean RIG ... dd 3.03 –0.72 ... 10.82 4.08 VistaEnergy VIST ... 6 9.80 –0.47 ...
10.17 9.76 PrimeImpactI A PIAI ... 27 10.04 ... ... 90.73 38.83 SabineRoyalty SBR 5.5 13 75.93 –4.85 .836 83.28 52.55 StifelFinancial SF 2.0 9 58.62 –3.42 .30 8.29 4.05 TransportadGas TGS ... 5 7.64 ... ... 52.69 25.68 VistaOutdoor VSTO ... 3 27.08 –1.98 ...
179.51 110.22 Primerica PRI 1.7 15 128.25 –0.04 .55 5.44 3.02 SafeBulkers SB 6.6 2 3.05 –0.21 .05 52.15 28.35 STMicroelec STM .6 10 35.84 –1.22 .06 120.91 65.99 TransUnion TRU .6 44 66.64 –10.19 .105 27.39 16.51 Vistra VST 2.9 dd 25.31 +0.06 .184
20.12 12.15 PrimoWater PRMW 2.1 dd 13.55 –0.94 .07 8.98 3.32 SafeguardSci SFE ... dd 4.12 –0.22 ... 3.50 1.83 StoneMor STON ... dd 3.43 –0.01 ... 63.19 37.67 Travel+Leisure TNL 3.9 10 40.61 –3.03 .40 13.29 3.26 VivintSmartHome VVNT ... dd 6.77 –0.20 ...
27.55 20.17 ProAssurance PRA 1.0 29 20.88 –0.42 .05 81.38 33.61 Safehold SAFE 2.0 23 36.09 –3.64 .177 23.46 13.64 Stoneridge SRI ... dd 18.12 –0.69 ... 187.98 145.40 Travelers TRV 2.3 11 162.33 –1.82 .93 167.83 91.53 VMware VMW ... 30 112.44 –5.68 ...
105.29 40.00 ProcoreTech PCOR ... dd 53.14 –4.33 ... 311.75 149.56 Salesforce CRM ... cc 151.51 –11.08 ... 44.93 25.65 Stride LRN ... 16 40.11 +0.90 ... 13.19 9.69 Tredegar TG 5.2 6 9.95 –0.36 .13 14.34 1.22 Volta VLTA ... dd 2.47 +0.35 ...
165.35 129.50 Procter&Gamble PG 2.6 24 138.28 –1.68.9133 21.86 11.28 SallyBeauty SBH ... 7 14.06 –0.69 ... 280.43 188.84 Stryker SYK 1.3 41 221.25 –8.75 .695 50.39 29.47 TreeHouseFoods THS ... dd 44.35 +0.12 ... 35.78 19.09 Vontier VNT .5 6 19.53 –2.28 .025
129.76 89.35 Progressive PGR .3 89 124.89 –3.79 .10 31.41 8.72 Samsara IOT ... dd 12.63 –0.42 ... 9.65 1.52 StudioCity MSC ... dd 1.80 +0.17 ... 140.98 44.49 Trex TREX ... 21 46.98 –2.75 ... 47.26 25.27 VornadoRealty VNO 7.9 41 26.74 –0.96 .53
174.54 106.46 Prologis PLD 2.8 23 113.67 –15.96 .79 15.43 4.54 SanJuanBasin SJT 7.5 11 11.32 –0.26.1834 81.72 51.11 SturmRuger RGR 5.4 7 51.78 –2.30 .47 28.29 15.05 TriPointe TPH ... 3 16.18 –0.96 ... 74.97 56.20 VoyaFinancial VOYA 1.3 12 62.85 –0.61 .20
10.12 4.33 PropertyGuru PGRU ... dd 4.67 –0.44 ... 10.15 9.80 SandbridgeX2 SBII.UT ... ... 9.81 ... ... 17.75 13.83 SuburbanPropane SPH 7.8 6 16.62 –0.05 .325 17.23 9.33 TriconRes TCN 2.3 3 10.14 –0.65 .058 213.65 137.54 VulcanMatls VMC 1.0 36 159.40 –12.41 .40
16.93 7.08 ProPetro PUMP ... dd 8.70 –0.40 ... 9.90 9.61 SandbridgeX2 A SBII ... 29 9.81 ... ... 7.74 5.70 SumitomoMits SMFG 2.5 6 6.06 –0.08.1542 10.10 9.72 TrineIIAcqnA TRAQ ... 26 10.06 +0.01 ... 10.05 9.72 VyGlblGrowthA VYGG ... 21 10.01 +0.02 ...
80.46 64.40 ProsperityBcshs PB 2.9 13 70.66 –0.46 .52 29.28 9.07 SandRidgeEnergy SD ... 4 17.76 –1.54 ... 10.94 6.70 SummitHotelProp INN .0 dd 7.81 –0.31 .04 109.40 69.16 TriNet TNET ... 13 76.35 –5.81 ...
79.27 36.92 ProtoLabs PRLB ... 43 37.62 –2.44 ... 9.18 5.31 SandstormGold SAND 1.0 19 6.00 –0.11.0154 41.46 21.99 SummitMaterials SUM ... 12 26.80 –2.29 ... 35.35 20.94 TrinityIndustries TRN 4.0 51 22.92 –1.34 .23 W
26.20 21.26 ProvidentFinSvcs PFS 4.1 11 23.41 +0.23 .24 30.25 22.35 SaratogaInvt SAR 8.4 13 25.50 –0.97 .54 39.35 11.52 SummitMidstream SMLP ... dd 15.79 –0.46 ... 61.63 23.37 Trinseo TSE 5.3 3 24.15 –2.94 .32
124.22 89.73 PrudentialFin PRU 5.2 17 91.92 –6.56 1.20 28.37 14.67 Sasol SSL ... 4 17.64 –1.07 ... 211.79 148.64 SunComms SUI 2.3 56 152.43 –6.30 .88 16.60 8.68 TripleFlagPrecMtl TFPM 1.5 43 12.49 +0.03 .05 9.01 2.97 W&T Offshore WTI ... 7 6.63 +0.05 ...
42.46 20.26 Prudential PUK ... 14 22.15 –0.37 ... 56.22 40.00 SaulCenters BFS 5.7 24 41.35 –2.05 .59 58.49 42.83 SunLifeFinancial SLF 4.9 9 43.49 –2.06.5455 19.25 11.86 TriplePtVent TPVG 11.5 9 12.56 –0.91 .36 108.39 86.84 WEC Energy WEC 2.9 23 101.29 –5.15.7275
75.61 58.19 PublicServiceEnt PEG 3.3 dd 66.36 –1.64 .54 49.83 26.64 Schlumberger SLB 1.8 21 38.37 –1.28 .175 9.82 5.85 SunCokeEnergy SXC 5.2 6 6.14 –0.55 .08 10.00 9.69 TristarAcqnI TRIS ... 22 9.91 ... ... 197.70 123.01 WEX WEX ... 34 146.39 –12.11 ...
421.76 292.32 PublicStorage PSA 2.6 27 313.15 –26.01 2.00 27.50 20.69 SchneiderNatl SNDR 1.5 8 20.96 –1.49 .08 42.72 18.45 SuncorEnergy SU 4.8 6 30.74 –0.91.3589 72.34 48.34 TritonIntl TRTN 4.3 6 59.88 –2.29 .65 91.48 67.07 WNS WNS ... 30 82.94 –3.83 ...
58.09 35.03 PulteGroup PHM 1.5 4 39.36 –2.41 .15 96.24 59.35 SchwabC SCHW 1.2 24 71.87 –2.67 .22 7.00 2.16 SunlandsTech STG .0 1 4.14 –0.11 .63 89.63 73.02 W.P.Carey WPC 5.0 31 84.60 –1.611.059
27.85 9.81 TriumphGroup TGI ... dd 10.43 –1.82 ...
36.71 21.90 PureStorage PSTG ... dd 28.73 –1.57 ... 97.82 78.10 ScienceApplicat SAIC 1.6 20 93.15 –1.51 .37 6.36 2.41 SunlightFinl SUNL ... dd 3.18 +0.11 ... 83.70 41.60 WPP WPP 4.7 12 43.66 –1.12.9052
26.33 13.02 Tronox TROX 3.7 4 13.68 –0.94 .125
10.48 9.85 PyrophyteAcqn PHYT ... 35 10.12 –0.01 ... 45.95 11.02 ScorpioTankers STNG .9 dd 43.10 –1.13 .10 46.40 12.47 SunnovaEnergy NOVA ... dd 27.36 –0.77 ... 21.63 12.23 WabashNational WNC 2.1 38 15.28 –0.26 .08
32.91 15.77 TrueBlue TBI ... 9 19.91 –0.52 ... 100.05 78.26 Wabtec WAB .7 25 85.95 –5.28 .15
11.75 6.07 PzenaInvtMgmt PZN 1.3 12 9.60 +0.01 .03 180.43 52.20 ScottsMiracleGro SMG 4.9 dd 54.38 –3.52 .66 46.95 34.26 Sunoco SUN 8.3 7 39.97 –0.19.8255 68.95 44.68 TruistFinl TFC 4.4 11 47.62 –0.86 .52
90.85 34.42 Q2Holdings QTWO ... dd 37.68 –4.26 ... 11.56 7.15 ScullyRoyalty SRL 14.0 19 7.58 –0.17 .26 13.91 9.30 SunstoneHotelInv SHO .0 16 11.04 –0.25 .05 156.77 88.20 Walker&Dunlop WD 2.5 11 95.34 –6.11 .60
18.85 6.95 TsakosEnergy TNP 1.1 dd 17.90 +0.06 .10 27.50 7.28 Wallbox WBX ... ... 9.45 +0.77 ...
58.00 41.32 Qiagen QGEN ... 19 43.40 –2.76 ... 10.30 9.80 SculptorAcqnIA SCUA ... 15 10.03 ... ... 12.48 3.90 SuperGroup SGHC ... dd 4.20 +0.02 ... 24.71 5.54 Tupperware TUP ... dd 7.91 –1.94 ...
7.55 2.55 QuadGraphics QUAD ... dd 3.39 –0.42 ... 28.78 7.90 SculptorCapMgmt SCU 7.6 dd 9.11 –0.70 .13 7.76 3.11 SuperiorIndsIntl SUP ... dd 3.89 –0.12 ... 160.77 117.27 Walmart WMT 1.7 27 133.19 –3.65 .56
4.61 2.33 TurkcellIletism TKC 3.8 6 3.19 –0.13.0826 10.79 9.66 WarburgPincusI-A WPCA ... 38 9.90 +0.01 ...
276.60 129.79 QuakerHoughton KWR 1.1 34 157.36 –22.72 .435 372.70 54.06 Sea SE ... dd 59.01 –4.46 ... 9.90 9.67 Supernova III A STRE ... 39 9.90 +0.03 ... 49.46 22.04 TurningPoint TPB 1.1 11 22.50 –1.50 .06
10.10 0.25 QuanergySystems QNGY ... dd .27 –0.03 ... 22.22 10.94 SeabridgeGold SA ... cc 12.40 –0.50 ... 12.83 8.06 Suzano SUZ 1.5 5 8.23 –0.51 .116 9.92 9.68 WarburgPincusI-B A WPCB ... 42 9.90 +0.01 ...
32.09 9.75 TurquoiseHill TRQ ... 11 30.19 –1.07 ... 60.30 10.86 WarbyParker WRBY ... dd 13.69 –2.27 ...
25.94 18.87 QuanexBldg NX 1.6 8 19.72 –1.50 .08 70.72 47.89 SealedAir SEE 1.6 13 48.65 –6.66 .20 56.20 10.78 Sweetgreen SG ... dd 18.03 –2.20 ... 15.67 6.29 TutorPerini TPC ... dd 6.90 –0.03 ...
76.57 40.01 SeaWorldEnt SEAS ... 15 53.59 –2.27 ... 34.06 23.00 Switch SWCH .6 22 34.00 ....0525 42.95 20.25 WarriorMetCoal HCC .9 2 28.02 –3.27 .80
149.33 93.91 QuantaServices PWR .2 45 137.42 –9.34 .07 10.78 1.00 Tuya TUYA ... dd 1.01 –0.23 ...
10.43 4.88 SelectEnergySvcs WTTR ... 42 7.19 –0.31 ... 53.00 23.10 Sylvamo SLVM 1.2 13 37.07 –1.24.1125 26.79 19.21 WashingtonREIT WRE 3.4 cc 20.18 –0.22 .17
10.22 9.76 QuantumFin QFTA ... 53 9.86 +0.01 ... 373.00 64.29 Twilio TWLO ... dd 73.91 +1.72 ...
37.08 21.40 SelectMedical SEM 1.9 15 26.14 –0.48 .125 52.49 27.22 SynchronyFin SYF 2.8 5 32.51 –0.91 .23 148.20 113.50 WasteConnections WCN .6 55 144.81 –1.59 .23
43.08 8.22 QuantumScape QS ... dd 11.31 +0.40 ... 10.00 9.67 TwinRidgeCapA TRCA ... 33 9.90 +0.02 ...
15.03 0.95 SelectQuote SLQT ... dd 1.26 –0.17 ... 54.40 34.15 SynovusFin SNV 3.5 8 39.08 –2.45 .34 175.98 138.58 WasteMgt WM 1.5 33 169.34 –4.06 .65
2.18 0.63 Qudian QD ... dd .97 +0.05 ... 68.41 31.30 Twitter TWTR ... dd 41.45 –0.74 ... 3.01 0.90 Waterdrop WDH ... dd 1.28 +0.08 ...
174.16 123.32 QuestDiag DGX 2.1 10 124.73 –5.27 .66 176.47 119.56 Sempra SRE 2.7 47 168.44 –5.321.145 91.53 68.05 Sysco SYY 2.5 30 78.19 –5.70 .49 9.90 9.65 twoA TWOA ... dd 9.88 +0.01 ...
28.93 7.41 Semrush SEMR ... dd 11.52 –0.84 ... 37.10 6.57 System1 SST ... dd 7.47 –3.46 ... 405.06 280.75 Waters WAT ... 25 283.93 –28.35 ...
7.92 1.68 QuotientTech QUOT ... dd 2.29 +0.39 ... 6.81 4.26 TwoHarbors TWO 14.1 9 4.81 –0.14 .17 318.98 220.68 Watsco WSO 3.3 20 269.93 –16.06 2.20
18.62 9.73 SendasDistrib ASAI .9 15 16.95 –1.36.1245 T 557.55 300.85 TylerTech TYL ... 86 360.98 –24.21 ...
RS 65.58 38.31 SensataTechs ST 1.1 25 40.05 –1.87 .11 314.00 233.91 Watsco B WSO.B 3.2 21 274.58 –9.62 2.20
100.72 71.41 TysonFoods TSN 2.6 6 72.01 –3.56 .46 212.00 116.31 WattsWater WTS .9 21 129.11 –9.79 .30
106.32 72.75 SensientTech SXT 2.2 23 74.30 –5.45 .41 6.72 1.60 TAL Education TAL ... dd 5.25 –0.15 ...
10.31 9.73 RCF Acqn A RCFA ... 19 10.04 +0.01 ... 78.53 18.64 SentinelOne S ... dd 26.47 –1.58 ... U 10.00 9.50 WaverleyCap1 A WAVC ... dd 9.74 –0.02 ...
32.71 24.81 RELX RELX 2.5 24 25.41 –1.21.1802 59.38 44.77 TC Energy TRP 5.9 19 46.99 –1.58.7001 298.00 43.31 Wayfair W ... dd 45.20 –6.77 ...
6.20 2.28 SequansComms SQNS ... ... 3.86 –0.13 ... 9.85 9.63 TCW Spac A TSPQ ... 38 9.80 –0.02 ...
33.05 20.24 RE/MAX RMAX 4.5 dd 20.53 –1.96 .23 17.12 4.90 SeritageGrowth SRG ... dd 11.80 –0.83 ... 21.49 0.92 UBS Group UBS 3.0 7 16.43 –0.13 .50 22.40 2.91 WeaveComms WEAV ... dd 5.76 –0.70 ...
18.35 9.50 REV REVG 1.7 cc 11.81 –0.28 .05 30.00 6.52 TDCX TDCX ... 18 9.86 –0.80 ... 18.43 5.72 Weber WEBR .0 dd 6.40 –0.44 .04
75.11 57.27 ServiceCorp SCI 1.7 13 60.60 –2.59 .25 119.30 88.21 TD Synnex SNX 1.3 15 90.09 –6.20 .30 61.06 42.00 UDR UDR 3.4 94 44.64 –3.34 .38
708.58 207.37 RH RH ... 12 257.65 –15.91 ... 707.60 406.47 ServiceNow NOW ... cc 425.80 –44.23 ... 47.04 33.05 UGI UGI 3.9 6 36.50 –3.21 .36 65.00 40.72 WebsterFin WBS 3.4 15 46.71 –1.84 .40
121.93 96.22 RLI RLI 1.0 29 108.51 –4.37 .26 166.44 107.12 TE Connectivity TEL 1.8 16 122.73 –6.31 .56 86.76 52.01 WeisMarkets WMK 1.7 17 73.50 –6.73 .32
97.25 70.96 ServisFirst SFBS 1.1 20 83.19 –1.56 .23 23.04 17.94 Tegna TGNA 1.8 9 21.68 –0.05 .095 27.50 16.50 UMH Prop UMH 4.4 dd 18.16 –0.36 .20
16.22 10.20 RLJ Lodging RLJ 1.7 dd 12.07 –0.41 .05 100.85 37.72 ShakeShack SHAK ... dd 49.61 –1.13 ... 61.10 40.53 Unitil UTL 3.1 19 49.78 –1.59 .39 60.30 36.54 WellsFargo WFC 2.7 11 43.94 –1.39 .30
6.47 1.16 RLX Tech RLX ... 4 1.20 –0.17 ... 27.50 21.34 Telus TU 4.8 21 21.69 –0.82 .26 99.43 70.56 Welltower WELL 3.4 cc 72.82 –4.77 .61
12.81 0.75 Shapeways SHPW ... dd .75 –0.07 ... 39.91 20.73 TelusIntl TIXT ... 52 29.04 –1.09 ... 20.14 14.21 USA Compression USAC11.8 dd 17.78 –0.47 .525
12.91 3.69 RPC RES 1.1 20 7.52 –0.42 .02 31.60 25.08 ShawComm B SJR 3.5 19 25.42 –1.02.0767 33.67 25.44 US Cellular USM ... 18 26.90 –0.72 ... 147.05 99.00 WescoIntl WCC ... 11 127.27 –17.37 ...
101.48 74.56 RPM RPM 1.8 23 88.31 –7.52 .40 61.68 39.01 Shell SHEL 3.6 6 52.54 –1.11 .50
51.31 28.02 Ternium TX 9.2 1 28.26 –3.69 1.80
39.73 27.48 US Foods USFD ... 42 29.62 –1.70 ... 102.96 71.35 WestFraserTimber WFG 1.5 3 80.42 –4.98 .30
14.99 8.95 RPTRealty RPT 5.6 50 9.28 –0.43 .13 120.50 71.63 TFI Intl TFII 1.1 13 94.91 –9.68.2702 475.00 266.31 WestPharmSvcs WST .3 30 268.06 –45.45 .18
354.15 214.22 SherwinWilliams SHW 1.1 33 221.56 –18.79 .60 15.61 9.81 TIM TIMB 4.2 11 11.53 –0.83.2035 10.94 9.66 USHG Acqn A HUGS ... 76 9.84 –0.01 ...
24.84 17.97 RadianGroup RDN 3.8 5 20.82 –0.34 .20 131.50 75.11 US PhysTherapy USPH 2.1 27 77.71 –0.28 .41 124.93 68.41 WestAllianceBcp WAL 2.0 8 71.70 –6.24 .36
87.66 29.39 Shift4Paymts FOUR ... dd 47.43 –0.07 ... 77.35 53.69 TJX TJX 1.8 23 64.66 –1.96 .295
38.06 1.60 Rafael RFL ... dd 2.20 +0.02 ... 26.50 11.00 WstAstMtgCap WMC12.0 dd 13.35 –0.76 .40
34.92 24.82 ShinhanFin SHG 6.1 4 25.87 –0.03.2999 9.89 9.67 TLGAcqnOneA TLGA ... 31 9.85 +0.01 ... 21.54 7.23 US Silica SLCA ... dd 12.86 –0.78 ...
135.99 86.54 RalphLauren RL 3.2 12 93.49 –3.05 .75 29.50 18.89 WesternMidstrm WES 7.4 10 27.20 –1.08 .50
176.29 29.07 Shopify SHOP ... dd 31.73 –3.08 ... 12.62 9.80 TPGPaceBenA TPGY ... 5 10.01 +0.01 ... 9.40 2.13 US Xpress USX ... dd 2.41 –0.26 ...
37.44 16.71 RangeResources RRC 1.1 15 29.69 –1.42 .08 21.40 13.66 WesternUnion WU 6.6 6 14.15 –0.76 .235
10.26 9.80 ShoulderUpTechA SUAC ... dd 9.97 –0.03 ... 10.05 9.70 TPGPaceBenII YTPG ... dd 9.75 ... ... 7.51 3.14 UWM UWMC10.8 6 3.69 –0.05 .10
11.87 7.52 RangerEnergySvcs RNGR ... 65 10.15 +0.26 ... 141.19 80.47 Westlake WLK 1.6 4 90.85 –9.37 .357
128.36 50.04 Shutterstock SSTK 1.8 26 54.61 –3.27 .24 13.63 8.53 TPG RE Fin TRTX10.5 10 9.12 +0.20 .24 48.88 19.90 Uber UBER ... dd 31.93 +0.15 ...
42.97 4.44 Ranpak PACK ... dd 4.63 –0.60 ... 54.78 34.02 WestRock WRK 2.9 10 34.15 –6.66 .25
20.64 8.53 Sibanye-Stillwater SBSW 7.6 5 8.77 –0.90.3246 10.18 9.75 TailwindAcqnA TWND ... 13 10.02 –0.02 ... 333.26 218.15 Ubiquiti UI .8 50 309.07 –3.34 .60 20.38 10.87 Westwood WHG 5.4 20 11.16 –0.30 .15
117.37 84.86 RaymondJames RJF 1.3 15 106.85 –1.57 .34 111.92 48.31 SignetJewelers SIG 1.4 8 56.90 –6.54 .20 9.93 9.66 TailwindIntlA TWNI ... 35 9.92 +0.02 ... 59.57 12.21 UiPath PATH ... dd 14.03 –0.61 ...
8.32 2.44 RayonierAdvMatls RYAM ... dd 4.42 –0.24 ... 14.97 3.53 WeWork WE ... dd 3.63 –0.70 ...
29.88 10.70 SignifyHealth SGFY ... dd 29.20 +0.03 ... 145.00 73.74 TaiwanSemi TSM 1.9 15 77.89 –3.64 .458 3.21 2.13 UltraparPart UGP 5.1 17 2.45 –0.20.0613 43.04 30.60 Weyerhaeuser WY 2.3 9 30.73 –3.89 .18
45.87 32.39 Rayonier RYN 3.5 34 32.77 –3.09 .285 48.61 37.10 SilganHoldings SLGN 1.4 14 46.47 –1.19 .16 17.31 13.05 TakedaPharm TAK 4.7 26 13.45 –0.27.3301 27.28 8.02 UnderArmour A UAA ... 14 8.35 –0.66 ...
106.02 79.00 RaytheonTech RTX 2.6 29 85.20 –2.84 .55 51.91 29.66 WheatonPrecMet WPM 1.9 20 32.10 –0.95 .15
49.91 18.98 SilverBowRscs SBOW ... 6 32.87 –4.69 ... 25.49 8.57 TalosEnergy TALO ... 9 20.31 ... ... 23.00 7.18 UnderArmour C UA ... 12 7.31 –0.66 ... 8.10 1.47 WheelsUp UP ... dd 1.51 –0.21 ...
16.56 11.05 ReadyCapital RC 13.1 6 12.83 –0.64 .42 239.26 50.65 SilvergateCapital SI ... 23 80.26 –14.60 ... 22.51 13.77 Tanger SKT 5.3 38 15.20 –0.55 .20 25.70 10.53 Unifi UFI ... 14 10.84 –0.21 ...
75.40 62.29 RealtyIncome O 4.6 61 64.31 –2.48 .236 245.44 143.87 Whirlpool WHR 4.8 13 145.06 –15.15 1.75
23.00 6.96 Similarweb SMWB ... dd 7.27 –0.85 ... 47.05 26.39 Tapestry TPR 3.7 10 32.55 –2.97 .30 227.07 154.72 Unifirst UNF .7 29 170.69 –10.22 .30 1393.48 978.51 WhiteMtnIns WTM .1 dd 1382.15 +12.45 1.00
16.98 2.65 Redwire RDW ... ... 2.67 –0.43 ... 9.88 9.68 SimonPropA SPGS ... 28 9.82 –0.01 ... 81.50 43.22 TargaResources TRGP 2.0 89 68.74 –3.12 .35 55.21 42.54 Unilever UL 4.1 18 45.17 –0.84.4555
14.17 6.57 RedwoodTrust RWT 12.9 18 7.11 –0.24 .23 13.66 9.05 WhitestoneREIT WSR 4.9 29 9.83 –0.32 .04
171.12 93.06 SimonProperty SPG 7.0 16 99.70 –4.07 1.75 268.98 137.16 Target TGT 2.6 19 164.09 –9.56 1.08 278.94 195.68 UnionPacific UNP 2.5 20 212.00 –19.88 1.30 22.94 15.53 WideOpenWest WOW ... 2 16.42 –2.14 ...
176.91 108.28 RegalRexnord RRX 1.0 25 139.60 –7.26 .35 141.26 80.69 SimpsonMfg SSD 1.3 11 81.81 –8.64 .26 65.52 31.08 TaroPharm TARO ... 13 31.08 –2.87 ... 27.30 8.31 Unisys UIS ... dd 8.72 –0.08 ...
67.60 30.24 RegionalMgmt RM 3.9 4 31.02 –3.22 .30 58.20 39.43 Wiley A WLY 3.2 21 43.90 –1.75.3475
10.00 4.07 SiriusPoint SPNT ... dd 4.95 +0.01 ... 35.38 19.67 TataMotors TTM ... dd 26.77 –1.37 ... 12.68 6.24 UnitedMicro UMC ... 6 6.40 –0.11 ... 60.00 40.10 Wiley B WLYB 3.5 19 40.10 –1.36.3475
25.57 18.01 RegionsFin RF 3.6 10 21.93 –0.28 .20 260.00 108.77 SiteOneLandscape SITE ... 19 113.67 –14.19 ... 35.51 20.05 TaylorMorrison TMHC ... 3 24.13 –1.02 ... 57.89 33.63 UnitedNatFoods UNFI ... 10 41.87 –2.68 ...
4.58 0.50 Regis RGS ... dd 1.28 –0.08 ... 37.97 24.62 Williams WMB 5.4 25 31.69 –1.08 .425
31.60 17.04 SitioRoyalties STR 11.7 21 24.23 –1.37 .72 3.76 0.52 Team TISI ... dd 1.24 –0.16 ... 233.72 165.34 UPS B UPS 3.4 14 176.71 –21.98 1.52 10.15 9.83 WilliamsRowland WRAC ... dd 10.05 ... ...
132.80 94.32 ReinsGrp RGA 2.5 33 129.07 –0.31 .80 47.24 19.80 SixFlags SIX ... 14 22.34 –1.48 ... 9.39 5.48 TechnipFMC FTI ... dd 9.04 ... ... 414.99 230.54 UnitedRentals URI ... 12 286.04 –25.10 ...
211.66 135.46 RelianceSteel RS 2.0 6 175.46 –21.72 .875 223.32 101.58 Williams-Sonoma WSM 2.3 8 134.34 –16.00 .78
50.81 33.50 SkechersUSA SKX ... 8 35.86 –2.21 ... 45.90 22.75 TeckRscsB TECK 1.2 4 32.08 –2.43.3925 63.57 43.75 US Bancorp USB 4.2 11 45.87 –1.71 .48 80.30 43.05 Winnebago WGO 1.9 5 57.19 –1.71 .27
174.55 124.18 RenaissanceRe RNR 1.0 dd 150.12 +8.24 .37 13.39 4.46 SkeenaRscs SKE ... dd 5.00 –0.20 ... 34.90 16.05 Tecnoglass TGLS 1.4 11 21.08 –2.47 .075 39.25 16.41 US Steel X 1.0 1 20.14 –5.08 .05
9.72 3.46 ReneSola SOL ... dd 5.92 +0.42 ... 9.96 4.92 Wipro WIT 1.4 18 4.96 –0.26.0585
12.88 2.11 Skillsoft SKIL ... dd 2.13 –0.13 ... 4.01 2.54 Teekay TK ... dd 3.62 +0.02 ... 553.29 383.12 UnitedHealth UNH 1.3 27 521.02 –3.32 1.65 142.33 58.07 Wolfspeed WOLF ... dd 120.26 +6.05 ...
30.44 9.69 Renren RENN ... dd 29.99 +1.20 ... 13.13 1.11 Skillz SKLZ ... dd 1.15 –0.20 ... 29.03 9.89 TeekayTankers TNK ... dd 27.57 +0.39 ... 210.00 29.09 UnitySoftware U ... dd 35.54 –5.76 ... 38.07 16.65 WolverineWwide WWW 2.1 13 18.62 –1.17 .10
149.17 113.57 RepublicSvcs RSG 1.4 33 143.64 –4.07 .495 85.92 43.04 SkylineChamp SKY ... 10 54.09 –4.38 ... 21.69 14.83 TejonRanch TRC ... 59 16.03 –1.37 ... 34.00 21.56 Univar UNVR ... 7 23.69 –2.63 ... 25.87 14.93 WoodsideEnergy WDS 9.8 7 21.52 –1.23 1.05
28.35 18.36 ResideoTech REZI ... 9 20.17 –1.58 ... 14.74 2.65 SmartRent SMRT ... dd 2.73 –0.32 ... 156.82 27.38 TeladocHealth TDOC ... dd 30.49 –2.97 ... 64.13 46.24 Universal UVV 6.4 14 49.50 –0.48 .79 39.71 24.28 WooriFin WF 7.1 3 25.48 +0.72 .345
291.75 189.40 ResMed RMD .8 42 223.07 –12.96 .44 80.89 27.05 Smartsheet SMAR ... dd 36.31 –1.45 ... 6.59 3.72 TelecomArgentina TEO 28.9 12 4.30 –0.46.3139 61.32 46.74 UniversalHealth UHT 6.0 6 47.52 –3.35 .71 173.24 59.43 Workiva WK ... dd 66.60 –5.33 ...
20.73 9.84 ResoluteForest RFP ... 4 20.36 –0.02 ... 86.74 50.80 SmithAO AOS 2.2 16 51.72 –4.57 .28 493.97 344.66 TeledyneTech TDY ... 26 371.36 –16.29 ... 158.28 94.70 UniversalHealthB UHS .8 10 98.98 –4.03 .20 35.10 19.29 WorldFuelSvcs INT 2.2 18 25.17 +0.22 .14
63.45 46.68 RestaurantBrands QSR 3.6 23 59.25 –1.64 .54 37.28 23.48 Smith&Nephew SNN 3.0 21 24.32 –1.76 .288 391.39 219.54 Teleflex TFX .6 21 227.35 –14.80 .34 19.64 11.27 UnivInsurance UVE 5.4 dd 11.81 +0.02 .16 10.20 9.76 WorldQuantumA WQGA ... 13 10.01 +0.01 ...
17.65 1.08 Revlon REV ... dd 6.60 –0.06 ... 146.74 119.09 Smucker SJM 2.9 26 138.88 –0.56 1.02 11.78 7.62 TelefonicaBras VIV 8.5 13 7.82 –0.49.0296 11.45 6.17 UnvlTechInst UTI ... 12 6.44 –0.50 ... 75.23 46.91 WW Ent WWE .7 26 67.64 –1.62 .12
89.60 22.27 Revolve RVLV ... 22 24.59 –2.41 ... 83.34 9.34 Snap SNAP ... dd 11.30 –1.35 ... 5.39 3.78 Telefonica TEF .0 64 3.83 –0.07 .103 41.13 22.25 UnumGroup UNM 3.3 7 40.02 +0.86 .33 62.83 39.14 WorthingtonInds WOR 2.4 7 51.25 –0.79 .31
37.81 24.02 RexAmerRes REX ... 9 28.16 –1.10 ... 235.36 190.08 SnapOn SNA 2.6 14 215.46 –7.97 1.42 33.21 23.82 TelekmIndonesia TLK 2.6 16 29.20 –1.241.0389 4.04 0.44 UpHealth UPH ... dd .58 –0.01 ... 93.86 62.89 WyndhamHtls WH 2.0 17 64.59 –4.18 .32
84.68 55.84 RexfordIndlRealty REXR 2.2 62 58.51 –6.38 .315 405.00 110.27 Snowflake SNOW ... dd 184.67 –3.52 ... 21.47 14.46 Telephone&Data TDS 4.6 18 15.63 –0.62 .18 19.96 14.22 UrbanEdgeProp UE 4.2 20 15.37 –1.03 .16
10.75 9.71 RiceAcqnII A RONI ... 22 9.85 –0.01 ... 10.61 9.77 SocialCapHedIV A IPOD ... 18 10.01 ... ... 50.51 20.03 TempurSealy TPX 1.5 9 26.98 –0.88 .10 19.97 14.76 UrstadtBiddle UBP 5.5 24 15.53 +0.33.2145 XYZ
10.46 9.75 RigelResourceA RRAC ... 15 10.06 ... ... 10.99 9.80 SocialCapHedVI A IPOF ... 23 10.01 –0.01 ... 10.10 9.87 10XCapIII A VCXB ... dd 10.08 +0.01 ... 21.66 15.43 UrstadtProp A UBA 5.8 26 16.48 –0.17.2375
315.00 40.59 RingCentral RNG ... dd 42.36 –3.26 ... 9.92 9.65 SocialLvgI A SLAC ... 39 9.84 +0.01 ... 34.76 18.80 Tenaris TS .0 9 27.24 –1.24 .56 103.95 58.05 UsanaHealth USNA ... 13 59.45 –3.12 ... 7.30 1.84 XFinancial XYF ... 1 2.00 –0.43 ...
84.69 53.21 RioTinto RIO 12.4 5 55.17 –2.76 2.67 115.76 46.13 SOQUIMICH SQM 3.4 14 104.15 –6.97.0969 9.10 2.95 TencentMusic TME ... 18 4.57 –0.20 ... 15.98 3.69 UserTesting USER ... dd 3.69 –0.51 ... 6.93 1.05 XL Fleet XL ... dd 1.05 –0.12 ...
27.72 3.76 Riskified RSKD ... dd 4.31 –0.62 ... 14.61 6.11 SolarisOilfield SOI 4.2 31 9.97 –0.51 .105 92.65 50.37 TenetHealthcare THC ... 7 59.04 –2.93 ... 19.98 12.06 UtzBrands UTZ 1.3 cc 16.06 –0.41 .054 88.00 45.09 XPO Logistics XPO ... 8 47.17 –6.70 ...
76.18 48.65 RitchieBros RBA 1.6 25 65.46 –3.00 .27 20.55 8.11 SolarWinds SWI ... dd 8.39 –0.40 ... 85.33 54.90 Tennant TNC 1.7 20 60.16 –1.17 .25 20.41 13.18 XeniaHotels XHR ... dd 16.25 –0.34 ...
17.87 4.68 RiteAid RAD ... dd 7.65 +0.02 ... 23.39 3.66 SoloBrands DTC ... dd 4.74 –0.04 ... 19.60 9.51 Tenneco TEN ... dd 19.09 –0.39 ... V 1.89 0.30 XinyuanRealEst XIN ... dd .56 +0.01 ...
11.81 8.18 RithmCapital RITM 11.1 5 8.98 –0.35 .25 12.24 0.86 Sonendo SONX ... dd .91 –0.15 ... 59.38 30.89 Teradata TDC ... 42 31.18 –1.42 ... 56.45 14.50 XPeng XPEV ... dd 14.56 –1.47 ...
0.08 ... RiverNorthRt OPP.RT ... ... .01 –0.01 ... 59.19 34.17 SonicAutomotive SAH 2.2 5 46.16 –1.24 .25 51.45 26.64 Terex TEX 1.6 10 32.68 –2.93 .13 78.91 39.44 VF VFC 5.0 16 39.80 –3.56 .50 26.90 9.87 XponentialFit XPOF ... dd 19.03 –0.86 ...
125.77 73.10 RobertHalf RHI 2.2 12 76.71 –3.76 .43 36.47 16.80 SonidaSrLiving SNDA ... 2 21.61 +0.70 ... 48.69 36.30 Terminix TMX ... 79 42.49 –2.25 ... 10.69 1.55 ViaOptronics VIAO ... dd 1.60 –0.25 ... 136.15 72.08 Xylem XYL 1.3 40 93.26 –3.61 .30
141.60 21.65 Roblox RBLX ... dd 39.50 –6.03 ... 67.06 51.52 SonocoProducts SON 3.3 14 59.78 –4.93 .49 12.69 3.64 TerranOrbital LLAP ... dd 3.70 –0.34 ... 35.69 26.23 VICI Prop VICI 4.7 33 33.42 –0.30 .39 108.82 33.87 Yeti YETI ... 15 34.58 –4.05 ...
18.13 6.27 RocketCos. RKT .0 6 7.60 –0.44 1.01 133.75 71.51 Sony SONY .5 12 71.88 –3.50.2672 86.00 54.51 TerrenoRealty TRNO 2.7 26 58.51 –5.03 .40 22.17 6.47 Vizio VZIO ... dd 11.28 –0.58 ... 7.37 2.82 YPF YPF ... 2 6.97 ... ...
9.91 9.66 RocketInternetA RKTA ... 26 9.90 +0.02 ... 35.32 20.75 SoJerseyInd SJI 3.7 24 33.82 –0.57 .31 5.82 2.32 TetraTech TTI ... 48 4.19 +0.05 ... 8.86 3.86 VOC Energy VOC 16.1 8 6.88 +0.18 .38 10.40 3.10 Yalla YALA ... 8 3.69 –0.33 ...
12.00 0.98 RockleyPhotonics RKLY ... dd 1.13 –0.10 ... 80.57 60.99 Southern SO 3.5 27 77.25 –2.27 .68 11.34 6.78 TevaPharm TEVA ... dd 8.81 –0.36 ... 24.97 2.66 VTEX VTEX ... dd 3.90 –0.50 ... 6.40 3.70 YamanaGold AUY 2.8 15 4.22 –0.47 .03
354.99 190.08 Rockwell ROK 1.9 42 237.90 –17.48 1.12 79.32 44.31 SoCopper SCCO 8.6 12 46.68 –2.52 .75 1899.01 946.29 TexasPacLand TPL .7 36 1773.10 –49.70 3.00 52.67 29.55 V2X VVX ... 15 38.81 +2.59 ... 4.80 0.39 YatsenHolding YSG ... dd 1.17 –0.01 ...
64.55 40.88 RogersComm B RCI 3.6 16 42.41 +0.54.3808 10.41 9.76 SouthportAcqnA PORT ... 18 9.95 –0.08 ... 41.89 25.47 Textainer TGH 3.3 5 29.95 –0.91 .25 8.77 2.40 VaalcoEnergy EGY 2.8 3 4.71 –0.02.0325 41.28 26.28 Yelp YELP ... 54 34.00 –1.46 ...
274.51 178.43 Rogers ROG ... 57 249.23 –4.84 ... 56.33 34.36 SouthwestAir LUV ... 22 34.73 –3.64 ... 79.45 57.11 Textron TXT .1 17 62.83 –3.06 .02 376.24 206.03 VailResorts MTN 3.4 29 222.11 –12.88 1.91 13.13 4.00 Yext YEXT ... dd 4.82 +0.14 ...
39.70 28.51 Rollins ROL 1.1 53 35.57 –0.55 .10 95.62 62.58 SouthwestGas SWX 3.1 33 81.23 –0.90 .62 672.34 497.83 ThermoFisherSci TMO .2 29 541.28 –28.12 .30 63.45 28.87 Valaris VAL ... 87 53.41 –0.56 ... 4.47 0.67 YirenDigital YRD ... 1 1.09 –0.11 ...
5.72 0.44 RomeoPower RMO ... dd .53 –0.10 ... 9.87 3.81 SouthwesternEner SWN ... dd 7.21 –0.44 ... 20.35 13.26 Thermon THR ... 21 16.51 –1.28 ... 21.29 11.16 Vale VALE22.1 3 12.98 –0.53.2959 17.77 4.05 Youdao DAO ... dd 5.05 –0.39 ...
505.00 369.51 RoperTech ROP .6 37 382.10 –28.06 .62 107.22 46.67 SpectrumBrands SPB 3.6 18 47.05 –14.37 .42 123.60 91.55 ThomsonReuters TRI 1.6 cc 110.68 –2.40 .445 12.19 2.71 ValensSemicon VLN ... dd 4.27 –0.05 ... 139.85 108.37 YumBrands YUM 2.0 23 115.72 –0.37 .57
10.57 9.65 RossAcqnIIA ROSS ... 43 9.89 ... ... 19.50 1.12 SpireGlobal SPIR ... dd 1.26 –0.26 ... 128.87 66.26 ThorIndustries THO 2.3 4 75.08 –6.34 .43 146.81 61.86 ValeroEnergy VLO 3.8 6 104.46 –8.86 .98 61.29 33.55 YumChina YUMC 1.0 28 49.78 +0.18 .12
119.41 90.75 RoyalBkCanada RY 4.1 11 95.31 –2.73.9972 79.24 59.60 Spire SR 4.0 18 69.26 –1.03 .685 34.97 8.79 3D Systems DDD ... 5 9.03 –1.08 ... 54.06 21.53 Valhi VHI 1.2 5 27.65 –2.50 .08 91.23 28.88 ZimIntShipping ZIM 91.8 1 29.53 –2.53 4.75
98.27 31.09 RoyalCaribbean RCL ... dd 50.44 +3.20 ... 53.31 24.90 SpiritAeroSys SPR .2 dd 25.80 –3.98 .01 186.30 114.11 3M MMM 5.1 16 116.61 –6.49 1.49 289.98 203.31 ValmontInds VMI .8 27 271.85 –13.42 .55 34.82 19.72 ZTO Express ZTO .0 25 26.79 ... .25
10.50 3.54 RubiconTech RBT ... dd 3.76 –0.39 ... 28.30 15.92 SpiritAirlines SAVE ... dd 22.64 +0.08 ... 28.79 9.75 Tidewater TDW ... dd 23.56 –0.87 ... 37.97 26.70 Valvoline VVV 1.8 11 27.26 –1.64 .125 136.30 54.16 Zendesk ZEN ... dd 76.60 +0.04 ...
21.83 4.06 RushStreetInt RSI ... dd 5.10 –0.25 ... 51.00 35.79 SpiritRealtyCap SRC 6.3 25 42.13 +0.52 .663 10.38 10.05 TigaAcqnA TINV ... 28 10.37 +0.01 ... 28.73 1.49 Vapotherm VAPO ... dd 2.05 +0.10 ... 9.73 1.67 ZeppHealth ZEPP .0 dd 1.79 –0.21 .08
46.40 30.73 RyanSpecialty RYAN ... cc 40.27 –2.29 ... 305.60 89.03 Spotify SPOT ... dd 100.34 –9.94 ... 17.80 6.65 Tilly's TLYS .0 6 7.34 +0.32 1.00 13.38 8.50 VectorGroup VGR 8.6 9 9.35 –0.65 .20 13.46 4.09 ZetaGlobal ZETA ... dd 6.73 –0.93 ...
93.05 61.71 RyderSystem R 3.5 5 71.66 –6.17 .62 10.41 9.65 SpreeAcqn1 A SHAP ... ... 10.07 +0.01 ... 78.52 50.85 Timken TKR 2.0 13 61.96 –5.53 .31 327.78 152.04 VeevaSystems VEEV ... 72 175.03 –4.16 ... 13.92 1.86 ZeviaPBC ZVIA ... dd 4.58 –0.36 ...
44.09 17.90 RyersonHolding RYI 2.2 2 27.89 –1.86 .15 20.29 9.41 Sprinklr CXM ... dd 10.19 –2.11 ... 26.23 12.04 TimkenSteel TMST ... 4 15.11 –1.15 ... 13.18 1.28 Velo3D VLD ... dd 4.61 +0.30 ... 10.71 1.11 Zhihu ZH ... dd 1.12 –0.12 ...
101.19 70.47 RymanHospitality RHP .5 cc 84.95 –1.51 .10 57.00 32.03 Sprott SII 2.8 36 35.77 –3.28 .25 19.81 6.69 TItanIntl TWI ... 6 13.08 –0.59 ... 14.00 9.11 VelocityFinl VEL ... 15 13.00 +0.78 ... 144.71 100.39 ZimmerBiomet ZBH .9 cc 112.69 –1.81 .24
149.92 82.41 SAP SAP 1.8 22 83.94 –3.13 2.66 48.89 14.43 Squarespace SQSP ... dd 20.98 –2.50 ... 69.93 11.91 Toast TOST ... dd 19.15 –2.29 ... 3.47 1.13 VenatorMaterials VNTR ... 3 1.46 –0.19 ... 32.90 13.78 ZipRecruiter ZIP ... 33 17.88 –1.85 ...
484.21 311.87 S&P Global SPGI 1.0 26 346.07 –23.35 .85 62.21 34.43 St.Joe JOE 1.1 27 35.06 –3.13 .10 75.61 40.20 Toll Bros TOL 1.8 5 43.66 –1.68 .20 64.02 45.44 Ventas VTR 3.8 cc 48.00 –1.60 .45 249.27 154.18 Zoetis ZTS .8 36 157.30 –7.01 .325
9.92 8.74 SDCLEDGEAcqn SEDA ... 27 9.89 +0.09 ... 55.09 33.19 StandardMotor SMP 3.1 9 34.37 –1.24 .27 38.09 29.08 TootsieRoll TR 1.1 34 33.99 –1.17 .09 19.90 12.08 VerisResidential VRE ... dd 13.78 –0.23 ... 23.25 7.41 Zuora ZUO ... dd 7.80 –0.53 ...
9.78 3.08 SeacorMarine SMHI ... dd 6.25 –0.51 ... 121.45 79.02 StandexInt SXI 1.3 16 82.46 –5.27 .26 284.07 150.72 TopBuild BLD ... 13 168.54 –17.59 ... 161.10 79.95 Veritiv VRTV ... 7 113.86 –5.99 ... 38.32 25.90 ZurnElkayWaterSol ZWS 1.1 25 26.08 –2.47 .07
11.47 3.61 SES AI SES ... dd 5.74 +0.54 ... 199.20 83.89 StanleyBlackDck SWK 3.7 14 85.45 –4.05 .80 31.55 17.78 TopgolfCallaway MODG ... 30 21.63 –1.40 ... 55.51 40.66 Verizon VZ 6.3 8 41.25 –0.99.6525 37.19 4.11 Zymeworks ZYME ... dd 5.66 +0.44 ...
46 BARRON’S September 19, 2022

D ATA NASDAQ ISSUES - NEW HIGHS - NEW LOWS B A R R ON S .C OM / D ATA

52-Week Tick Div 52-Week Tick Div 52-Week Tick Div
High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt.
10.53 9.80 APxAcqnI A APXI ... 18 10.10 +0.02 ... 9.31 1.25 Biodesix BDSX ... dd 1.68 –0.15 ... 11.09 1.19 Centogene CNTG ... dd 1.39 –0.14 ...

Five-Day Nasdaq Composite 17.50

6.40
4.32
10.61
3.01
0.62
0.58
9.84
ApyxMedical
AquestiveTherap
Aravive
ArborRaphaCapBioI
APYX
AQST
ARAV
ARCK
...
...
...
...
dd
dd
dd
dd
5.65
1.23
1.03
10.12
–0.61 ...
–0.23 ...
+0.14 ...
+0.02 ...
304.21
97.76
14.20
22.00
187.16
70.73
2.84
5.70
Biogen
BioMarinPharm
BiomeaFusion
Bionomics
BIIB ...
BMRN ...
BMEA ...
BNOX ...
15
cc
dd
dd
208.26
88.21
11.63
7.19
–3.58 ...
–4.72 ...
–1.65 ...
–1.01 ...
57.32
52.04
30.36
30.32
36.70
34.53
6.58
7.32
CentralGarden
CentralGardenA
CenturyAluminum
CenturyTherap
CENT ...
CENTA ...
CENX ...
IPSC ...
14
13
12
dd
37.41
35.21
7.20
9.88
–1.89 ...
–1.80 ...
–1.11 ...
–1.52 ...
6.50 1.93 ArbutusBiopharma ABUS ... dd 2.22 –0.02 ... 374.58 117.08 BioNTech BNTX .0 3 145.76 –5.151.5342 3.71 1.53 Ceragon CRNT ... dd 2.08 –0.04 ...
One-and-Done: Promising results with a one-shot gene-editing treat- 125.00 65.16 ArcBest ARCB .7 6 71.75 –4.61 .12 10.14 9.78 BioPlusAcqnA BIOS ... dd 10.05 +0.01 ... 114.85 17.79 Cerence CRNC ... dd 17.93 –1.40 ...
26.91 6.04 Arcellx ACLX ... ... 18.64 –0.72 ... 6.20 0.56 BioraTherap BIOR ... dd .65 –0.05 ... 45.48 13.84 Certara CERT ... dd 14.21 –2.07 ...
ment failed to lift shares of Intellia, or its Crispr-technology peers. The 50.73 37.44 ArchCapital ACGL ... 11 46.52 ... ... 10.53 2.00 Biote BTMD ... 2 4.00 –0.22 ... 8.06 3.69 Cerus CERS ... dd 3.85 –0.30 ...
13.26 1.80 Arcimoto FUV ... dd 1.86 –0.13 ... 17.53 6.30 Bioventus BVS ... dd 7.34 –0.77 ... 10.12 9.81 ChainBridgeIA CBRG ... 27 10.05 +0.01 ...
Nasdaq Composite ended Friday at 11,448—down 5.5% for the week. 23.96
55.46
12.57
11.70
ArcoPlatform
ArcturusTherap
ARCE
ARCT
...
...
dd
dd
12.66
15.57
–1.14 ...
+0.14 ...
9.36
10.07
1.04
1.46
Bitfarms
BlackDiamond
BITF ...
BDTX ...
dd
dd
1.24
2.56
–0.16 ...
–0.38 ...
28.08
25.71
16.64
18.97
ChampionX
ChangeHlthcr
CHX 1.4
CHNG ...
27
dd
21.36
25.49
–1.19 .075
–0.06 ...
27.40 13.59 ArcutisBiotherap ARQT ... dd 17.85 –2.58 ... 86.96 44.99 Blackbaud BLKB ... dd 46.59 –4.27 ... 8.46 1.67 ChargeEnt CRGE ... dd 1.93 –0.27 ...
Monday Tuesday Wednesday Thursday Friday 1.92 0.49 Ardelyx ARDX ... dd 1.31 +0.03 ... 135.00 49.66 BlackLine BL ... dd 66.63 –6.58 ... 769.35 371.61 CharterComms CHTR ... 12 377.58 –28.33 ...
10.81 9.55 ArenaFortifyA AFAC ... 16 10.07 +0.03 ... 4.38 3.43 BlackRockCapInvt BKCC10.6 13 3.77 –0.18 .10 149.62 107.85 CheckPoint CHKP ... 19 117.25 –4.42 ...
23.00 17.03 AresCapital ARCC 9.1 9 18.96 –1.02 .03 14.52 11.76 BlkRkTCPCap TCPC 9.7 13 12.42 –1.01 .30 51.19 26.05 Cheesecake CAKE 3.3 20 32.62 –0.87 .27
12,340 403.77 249.50 arGEN-X ARGX ... dd 373.26 –18.00 ... 9.95 9.61 bleuacaciaA BLEU ... dd 9.83 –0.02 ... 42.16 26.28 ChefsWarehouse CHEF ... 45 34.12 –0.67 ...
21.00 3.71 ArgoBlockchain ARBK ... dd 4.73 ... ... 0.25 0.09 bleuacaciaRt BLEUR ... ... .10 –0.02 ... 51.78 14.95 ChemoCentryx CCXI ... dd 51.55 +0.06 ...
10.50 9.82 ArgusCapitalA ARGU ... 10 10.01 –0.03 ... 10.58 4.09 BlockchainCoinIA BCSA ... 55 10.04 –0.04 ... 49.50 40.74 ChemungFinl CHMG 2.9 7 42.17 –2.17 .31
14.95 4.23 Arhaus ARHS ... 16 8.42 –0.64 ... 10.40 9.70 BlockchainMoonA BMAQ ... dd 9.95 +0.01 ... 10.10 9.98 ChengheAcqnA CHEA ... dd 10.07 –0.01 ...
(Previous Friday Close) 9.94 9.70 AriszAcqnA ARIZ ... dd 9.90 –0.01 ... 0.41 0.04 BlockchainMoonRt BMAQR ... ... .08 +0.01 ...
12,030 105.93 56.75 ChesapeakeEner CHK 1.9 9 100.58 –2.20 1.77
9.99 9.34 ArmadaAcqnI AACI ... dd 9.92 +0.03 ... 27.17 15.89 BloominBrands BLMN 2.7 32 20.58 –0.44 .14 20.29 13.87 ChicagoAtlRealEst REFI 12.6 11 14.92 +0.27 .47
10.00 9.80 ArogoCapA AOGO ... dd 9.97 +0.04 ... 23.36 14.59 Blucora BCOR ... 43 19.30 –1.29 ... 25.97 4.35 ChickenSoupA CSSE ... dd 8.82 +0.40 ...
27.67 5.45 ArrayTech ARRY ... dd 17.82 –3.06 ... 25.75 8.41 BlueBird BLBD ... dd 10.13 –0.97 ... 113.50 32.81 Children'sPlace PLCE ... 4 36.33 –4.62 ...
17.99 1.00 Arrival ARVL ... dd 1.01 –0.08 ... 15.47 11.01 BlueFoundryBncp BLFY ... dd 11.73 +0.35 ... 7.42 1.27 Chimerix CMRX ... dd 2.09 –0.28 ...
11,720 37.13 29.61 ArrowFinancial AROW 3.3 11 32.64 +0.97.2621 10.45 9.80 BlueOceanA BOCN ... 21 10.00 –0.02 ... 1.58 0.61 ChinaIndex CIH ... ... .93 –0.06 ...
84.83 26.81 ArrowheadPharm ARWR ... dd 34.59 –3.98 ... 10.38 9.84 BlueWorldA BWAQ ... ... 10.00 +0.01 ... 10.81 3.75 Chindata CD ... 41 8.49 –0.08 ...
10.17 9.70 ArtemisStratInvt ARTE ... 70 9.95 –0.01 ... 0.25 0.06 BlueWorldRt BWAQR ... ... .10 –0.01 ... 23.86 10.48 ChinookTherap KDNY ... dd 20.91 –1.94 ...
27.57 6.58 Arteris AIP ... dd 7.46 –0.09 ... 17.85 2.87 bluebirdbio BLUE ... dd 6.34 –0.80 ... 38.99 20.72 ChipMOSTechs IMOS16.7 4 20.88 –1.292.9194
60.36 37.30 ArtesianRscs A ARTNA 2.0 30 55.23 +1.42.2729 117.86 43.46 BlueprintMed BPMC ... dd 69.23 –6.84 ... 181.34 90.02 ChordEnergy CHRD 3.6 3 137.54 –1.37 1.25
11,410 97.33 34.90 Arvinas ARVN ... dd 47.41 –1.56 ... 16.57 1.39 BoltBiotherap BOLT ... dd 1.76 –0.01 ... 262.20 172.75 ChurchillDowns CHDN .3 15 194.39 –13.44 .667
172.65 61.58 AscendisPharma ASND ... dd 107.33 +5.95 ... 2715.66 1669.34 BookingHldgs BKNG ... 50 1876.45 –104.58 ... 34.93 18.64 Chuy's CHUY ... 18 22.95 +0.42 ...
19.20 10.16 AscentIndustries ACNT ... 4 15.23 –0.77 ... 22.82 10.76 BowmanConsult BWMN ... cc 16.60 +0.16 ... 97.91 25.01 Cimpress CMPR ... dd 29.10 –2.01 ...
+154.10 -632.84 +86.10 -167.32 -103.95 3.36 0.36 AslanPharm ASLN ... dd .74 –0.04 ... 11.00 2.30 BraggGaming BRAG ... dd 4.24 –0.62 ... 143.22 93.41 CincinnatiFin CINF 2.8 30 97.41 –3.28 .69
6.04 0.46 AspenGroup ASPU ... dd .50 –0.25 ... 9.18 3.63 Brainsway BWAY ... dd 3.75 –0.17 ... 43.15 13.00 CinCorPharma CINC ... ... 27.63 –2.07 ...
11,100 229.60 173.81 AspenTech AZPN ... ... 226.37 +4.96 ... 98.78 27.09 Braze BRZE ... dd 35.19 –8.15 ... 2.95 0.47 Cinedigm CIDM ... dd .50 –0.04 ...
10 12 2 4 10 12 2 4 10 12 2 4 10 12 2 4 10 12 2 4 3.55 1.32 AssemblyBiosci ASMB ... dd 1.91 –0.11 ... 53.57 4.98 BridgeBioPharma BBIO ... dd 11.14 –0.67 ... 461.44 343.86 Cintas CTAS 1.1 35 404.33 –27.02 1.15
75.00 34.90 AstecIndustries ASTE 1.4 cc 35.43 –4.35 .12 15.50 10.26 BridgfordFoods BRID ... 3 14.85 +0.76 ... 15.39 1.26 CipherMining CIFR ... dd 1.60 –0.07 ...
13.58 0.72 AstraSpace ASTR ... dd .75 –0.04 ... 12.46 5.84 Brightcove BCOV ... dd 6.61 –0.24 ... 95.84 67.03 CirrusLogic CRUS ... 13 75.01 –0.42 ...
71.70 53.63 AstraZeneca AZN 2.4 dd 58.05 –2.80 .465 62.33 38.38 BrighthouseFin BHF ... 2 47.88 –2.84 ... 64.29 40.82 CiscoSystems CSCO 3.5 15 43.30 –2.47 .38
10.70 2.36 AstriaTherap ATXS ... dd 9.92 +0.04 ... 20.39 3.60 BrilliantEarthA BRLT ... cc 6.86 –0.27 ... 97.46 18.50 CitiTrends CTRN ... 3 18.87 –2.65 ...
52-Week Tick Div 52-Week Tick Div 14.96 8.19 Astronics ATRO ... dd 8.38 –0.46 ... 10.63 9.91 BroadCapital BRACU ... ... 10.06 +0.02 ... 16.49 12.20 CtznCmntyBcp CZWI 2.0 7 13.00 +0.10 .26
High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. 18.52 10.97 AstroNova ALOT ... dd 12.45 +0.80 ... 10.13 9.82 BroadCapital BRAC ... dd 9.99 ... ... 21.75 15.30 CitizensHolding CIZN 5.9 11 16.18 –0.88 .24
A 90.69 54.99 Alarm.com ALRM ... 81 66.81 –3.97 ... 20.04 2.83 AtaraBiotherap ATRA ... dd 4.04 –0.78 ... 0.30 0.02 BroadCapitalRt BRACR ... ... .10 ... ... 112.59 78.07 CitrixSystems CTXS 1.4 40 103.53 –0.15 .37
4.01 0.41 AlaunosTherap TCRT ... dd 2.50 –1.19 ... 46.91 5.31 AteaPharm AVIR ... 55 6.71 –1.17 ... 677.76 463.91 Broadcom AVGO 3.3 22 502.50 –19.90 4.10 90.96 71.64 CityHolding CHCO 2.7 15 87.79 +1.33 .60
83.79 47.50 AAON AAON .7 55 57.05 –0.50 .19 27.05 7.50 Alector ALEC ... 24 9.23 –0.40 ... 3.65 0.41 Athenex ATNX ... dd .41 –0.05 ... 17.74 12.24 BrooklineBcp BRKL 4.1 9 12.76 ... .13 31.20 13.77 Clarus CLAR .7 20 14.02 –2.36 .025
28.06 12.24 AcadiaPharm ACAD ... dd 18.02 +0.64 ... 13.65 7.75 AlgomaSteel ASTL 2.4 2 8.27 –1.25 .05 16.65 2.53 AthiraPharma ATHA ... dd 3.42 –0.07 ... 12.50 0.30 BrooklynImmuno BTX ... dd .31 –0.03 ... 0.49 0.08 CleanEarthRt CLINR ... ... .15 ... ...
36.01 21.51 ACI Worldwide ACIW ... 17 21.88 –0.87 ... 43.65 31.81 Alico ALCO 6.2 8 32.37 –1.10 .50 4.59 2.12 AtlanticAmerican AAME .7 27 2.99 –0.04 .02 87.22 52.27 Bruker BRKR .4 29 52.88 –5.41 .05 9.69 4.02 CleanEnerFuels CLNE ... dd 6.29 –0.53 ...
8.14 2.06 AC Immune ACIU ... dd 2.85 +0.06 ... 737.45 225.86 AlignTech ALGN ... 32 249.02 –14.09 ... 10.02 9.87 AtlCoastal II A ACAB ... dd 9.99 +0.02 ... 10.06 9.80 BullpenParlayA BPAC ... 28 10.01 –0.02 ... 130.01 42.34 Clearfield CLFD ... 32 92.19 –10.28 ...
39.71 11.23 ACM Research ACMR ... 32 15.21 –1.52 ... 23.35 6.14 AlignmentHlthcr ALHC ... dd 12.88 –3.65 ... 42.67 31.44 AtlUnionBkshs AUB 3.6 12 33.33 –0.48 .30 60.50 15.41 Bumble BMBL ... dd 23.56 –3.93 ... 7.30 1.26 ClearsideBiomed CLSD ... dd 1.30 –0.04 ...
22.82 6.10 ACV Auctions ACVA ... dd 8.48 –0.94 ... 17.97 1.03 AligosTherap ALGS ... dd 1.17 –0.15 ... 41.32 28.82 AtlanticaSust AY 5.4 dd 32.45 –0.91 .445 9.90 2.79 BurgerFiIntl BFI ... dd 3.06 +0.03 ... 10.18 9.43 ClimateRockA CLRC ... ... 10.00 ... ...
2.92 1.01 ADMA Biologics ADMA ... dd 2.65 –0.20 ... 7.92 3.94 AlimeraSciences ALIM ... dd 5.58 –1.08 ... 91.98 25.65 Atlanticus ATLC ... 4 30.12 –0.48 ... 20.76 1.74 BurningRockBio BNR ... dd 3.24 –0.35 ... 0.15 0.06 ClimateRockRt CLRCR ... ... .13 –0.03 ...
25.47 16.30 Adtran ADTN 1.9 dd 18.59 –1.45 .09 32.50 9.23 AlkamiTech ALKT ... dd 14.95 –1.24 ... 101.62 58.70 AtlasAir AAWW ... 7 99.41 –0.50 ... 10.02 9.80 BurTechAcqnA BRKH ... ... 9.97 +0.02 ... 8.58 1.95 CloverHealth CLOV ... dd 2.23 –0.39 ...
25.50 14.90 AFC Gamma AFCG13.0 8 16.63 –0.86 .56 33.00 21.24 Alkermes ALKS ... dd 23.37 –0.64 ... 13.57 4.71 AtlasTech ATCX ... dd 7.04 –1.34 ... 29.50 20.19 BusFirstBcshs BFST 2.1 11 23.26 +0.04 .12 4.91 0.58 ClovisOncology CLVS ... dd 1.26 +0.11 ...
16.75 9.99 AGNC Invt AGNC12.8 dd 11.24 –0.67 .12 112.87 2.54 Allakos ALLK ... dd 4.58 –0.33 ... 483.13 159.54 Atlassian TEAM ... dd 242.90 –16.03 ... 14.77 1.47 BuzzFeed BZFD ... dd 1.57 –0.04 ... 54.41 29.10 CoastalFinl CCB ... 18 42.15 +1.13 ...
10.04 9.77 AIBAcqnA AIB ... dd 10.02 ... ... 18.20 1.01 AllarityTherap ALLR ... dd 1.25 +0.08 ... 7.00 1.51 Atreca BCEL ... dd 1.98 +0.08 ... 10.59 9.89 byNordicAcqnA BYNO ... ... 9.97 ... ... 656.11 378.15 CocaColaCon COKE .2 14 432.40 –27.04 .25
0.26 0.07 AIBAcqnRt AIBBR ... ... .10 +0.01 ... 32.44 3.65 Allbirds BIRD ... dd 3.79 –0.36 ... 89.18 32.84 AtriCure ATRC ... 39 44.99 –1.46 ... C 59.86 42.33 Coca-ColaEuro CCEP 4.7 14 47.15 –2.55 .59
10.69 9.47 ALSPOrchidI A ALOR ... dd 10.07 +0.01 ... 46.96 34.71 AllegianceBcshs ABTX 1.3 12 43.88 +1.61 .14 805.62 585.27 Atrion ATRI 1.4 31 596.38 –13.70 2.15 13.55 1.67 CodexDNA DNAY ... dd 1.95 +0.03 ...
81.19 5.82 AlxOncology ALXO ... dd 12.18 –0.90 ... 215.48 90.63 AllegiantTravel ALGT ... 35 91.07 –8.78 ... 37.11 24.05 AuburnNatlBncp AUBN 4.2 12 25.45 –0.05 .265 9.01 1.66 Cadiz CDZI ... dd 3.12 –0.22 ... 42.01 6.15 Codexis CDXS ... dd 6.89 –0.67 ...
51.51 22.70 AMC Networks AMCX ... 3 23.46 –1.84 ... 38.28 19.20 AllegroMicro ALGM ... 42 22.29 –1.26 ... 37.35 19.62 AudioCodes AUDC 1.6 24 22.07 –0.74 .18 54.30 43.10 C&F Fin CFFI 3.1 7 53.75 +2.55 .42 19.99 0.99 CodiakBioSci CDAK ... dd 1.04 –0.75 ...
64.90 44.06 Amerisafe AMSF 2.6 20 47.50 –1.33 .31 27.63 8.63 AllianceResource ARLP 6.7 10 23.88 –1.46 .40 26.16 11.98 AuraBiosciences AURA ... dd 14.96 –0.50 ... 26.80 20.49 CB FinSvcs CBFV 4.1 10 23.41 +1.41 .24 24.48 19.43 CodorusValleyBncp CVLY 3.0 15 19.93 –0.33 .15
44.60 24.77 A-MarkPrecMet AMRK 3.1 5 25.40 –3.65 .20 65.37 54.20 AlliantEnergy LNT 2.8 22 60.86 –2.21.4275 10.08 9.83 AuraFatProjectsA AFAR ... ... 10.01 +0.01 ... 33.10 25.45 CBTX CBTX 1.7 21 30.92 +0.92 .13 18.07 3.79 CogentBio COGT ... dd 15.78 –0.60 ...
60.23 22.31 ANI Pham ANIP ... dd 35.80 –1.29 ... 44.70 21.14 AlliedMotionTech AMOT .3 30 28.60 –3.23 .025 33.97 6.28 AuriniaPharm AUPH ... dd 7.30 +0.04 ... 208.71 152.15 CDW CDW 1.2 23 170.83 –4.74 .50 80.50 49.02 CogentComm CCOI 6.4 57 53.82 +0.25 .905
413.89 225.92 Ansys ANSS ... 46 240.74 –18.06 ... 27.86 6.43 AllogeneTherap ALLO ... dd 13.67 –1.40 ... 8.69 1.21 AuroraCannabis ACB ... dd 1.43 –0.13 ... 50.85 27.12 CEVA CEVA ... cc 27.56 –1.34 ... 92.17 40.55 Cognex CGNX .6 29 42.30 –2.88 .065
23.58 6.88 AN2 Therap ANTX ... ... 8.83 –0.62 ... 16.26 3.73 Allot ALLT ... dd 4.06 –0.49 ... 17.77 1.84 AuroraInnov AUR ... dd 2.65 –0.10 ... 10.45 9.80 CFAcqnVII A CFFS ... dd 9.95 –0.03 ... 13.80 1.50 CognitionTherap CGTX ... dd 1.75 –0.10 ...
51.95 18.52 APA APA 2.5 5 40.46 +2.37 .25 26.41 3.17 AlloVir ALVR ... dd 8.16 –0.59 ... 1.94 0.75 AuroraMobile JG ... dd .90 +0.02 ... 51.21 4.84 C4 Therap CCCC ... dd 9.82 –1.41 ... 93.47 60.84 CognizantTech CTSH 1.7 14 62.20 –3.31 .27
22.45 15.31 ARKRestaurants ARKR 2.5 5 19.92 +0.78 .125 23.25 13.05 AllscriptsHlthcr MDRX ... 38 16.29 –0.71 ... 10.03 9.54 AuroraTechA ATAK ... ... 10.02 +0.03 ... 121.23 85.80 CH Robinson CHRW 2.1 12 103.79 –10.50 .55 28.55 3.91 CognyteSoftware CGNT ... dd 5.01 –0.14 ...
888.72 412.67 ASML ASML 1.3 30 467.25 –33.752.0843 236.80 117.58 AlnylamPharm ALNY ... dd 213.00 –10.27 ... 0.25 0.06 AuroraTechRt ATAKR ... ... .07 ... ... 10.98 9.75 CIIGCapPtrsII CIIG ... dd 9.99 +0.04 ... 75.05 40.80 Coherent COHR ... 29 41.75 –2.48 ...
10.40 9.81 A SPAC II ASCB ... ... 9.96 +0.02 ... 69.99 27.10 Alpha&Omega AOSL ... 2 33.80 –1.80 ... 335.48 163.20 Autodesk ADSK ... 77 194.97 –16.71 ... 3.86 1.44 CLPS CLPS ... 4 1.60 –0.01 ... 19.32 5.60 CoherusBioSci CHRS ... dd 9.85 –0.73 ...
0.13 0.05 A SPAC II Rt ASCBR ... ... .08 +0.02 ... 10.08 9.77 AlphaStarAcqn ALSA ... dd 10.04 –0.04 ... 7.90 1.96 AutolusTherap AUTL ... dd 2.50 –0.50 ... 256.94 185.79 CME Group CME 2.1 24 191.56 –9.76 1.00
28.59 23.00 CNB FinPA CCNE 2.8 7 24.73 –1.27 .175 39.86 24.06 Cohu COHU ... 14 27.33 –0.93 ...
14.27 4.84 AST Space ASTS ... dd 8.52 –2.24 ... 0.33 0.05 AlphaStarRt ALSAR ... ... .16 +0.08 ... 261.59 192.26 ADP ADP 1.8 33 233.64 –10.66 1.04 368.90 40.83 CoinbaseGlbl COIN ... dd 74.00 –6.87 ...
2.94 0.88 ATA Creativity AACG ... dd 1.81 –0.23 ... 28.49 3.80 AlphaTeknova TKNO ... dd 3.85 –0.64 ... 11.59 1.05 AvadelPharm AVDL ... dd 5.08 –1.11 ... 49.52 6.54 CompassPath CMPS ... dd 13.70 –2.04 ...
10.50 9.83 AvalonAcqn AVAC ... 24 10.02 –0.03 ... 35.08 10.18 CPI Card PMTS ... 12 19.29 +0.29 ... 22.89 14.04 CollegiumPharm COLL ... dd 17.29 –0.05 ...
17.81 2.95 ATAI Life ATAI ... dd 3.86 –0.49 ... 151.55 100.94 Alphabet A GOOGL ... 19 102.80 –7.85 ... 158.42 97.39 ColliersIntl CIGI .3 74 111.23 –6.91 .15
50.45 32.07 ATN Intl ATNI 1.6 dd 42.11 –0.81 .17 152.10 101.86 Alphabet C GOOG ... 19 103.63 –8.15 ... 9.04 1.66 AveannaHealth AVAH ... dd 1.90 –0.12 ... 116.71 78.35 CRA Intl CRAI 1.5 15 84.17 –3.76 .31
9.72 3.88 AvePoint AVPT ... dd 4.42 –0.21 ... 124.79 42.51 CRISPR Therap CRSP ... dd 70.53 +3.57 ... 23.00 6.51 Collplant CLGN ... dd 8.08 +0.11 ...
9.37 3.06 AveoPharma AVEO ... dd 8.16 –0.16 ... 14.54 5.73 Alphatec ATEC ... dd 8.54 +0.20 ... 19.59 13.56 ColonyBankcorp CBAN 3.1 11 13.93 –0.26.1075
6.62 0.74 AVROBIO AVRO ... dd .87 –0.02 ... 14.40 6.00 AlpineImmune ALPN ... dd 8.13 –0.13 ... 36.63 23.88 AviatNetworks AVNW ... 18 31.55 ... ... 66.58 45.23 CSG Systems CSGS 1.9 39 54.64 –1.92 .265
10.40 9.80 AlsetCapAcqnA ACAX ... ... 9.88 –0.05 ... 37.31 20.83 AvidTechnology AVID ... 23 24.05 –1.39 ... 9.98 6.61 CSP CSPI .0 49 8.43 +0.42 .03 40.78 26.97 ColumbiaBanking COLB 4.0 11 30.11 –0.71 .30
9.94 4.97 AXT AXTI ... 22 7.78 –0.87 ... 22.86 17.47 ColumbiaFin CLBK ... 26 21.78 +0.29 ...
24.00 12.54 Abcam ABCM ... cc 16.68 +1.56 ... 0.30 0.05 AlsetCapAcqnRt ACAXR ... ... .19 +0.07 ... 29.25 10.89 AvidityBio RNA ... dd 20.83 –0.04 ... 145.50 96.03 CSW Industrials CSWI .6 26 123.58 –5.28 .17
82.96 46.46 AltairEngg ALTR ... dd 47.06 –4.61 ... 27.44 5.86 AvidXchange AVDX ... dd 8.30 –0.29 ... 38.63 27.60 CSX CSX 1.4 16 29.49 –3.14 .10 107.50 68.29 ColumbiaSportswr COLM 1.7 14 71.00 –3.34 .30
22.63 5.42 AbCelleraBio ABCL ... 16 10.35 –0.85 ... 54.20 26.42 ColumbusMcKinn CMCO 1.0 18 28.74 –2.35 .07
379.30 219.85 Abiomed ABMD ... 55 258.67 –23.61 ... 10.78 3.85 AltEnergyA AEAE ... 12 9.97 –0.01 ... 545.11 92.14 AvisBudget CAR ... 3 147.30 –20.89 ... 28.14 18.72 CVB Fin CVBF 2.9 18 26.18 +0.45 .19
23.49 3.83 Altimmune ALT ... dd 13.67 –6.31 ... 50.19 35.71 Avnet AVT 3.1 5 37.86 –4.84 .29 14.95 0.80 CabalettaBio CABA ... dd .81 –0.13 ... 57.96 33.41 Comcast A CMCSA 3.1 11 34.52 –0.91 .27
18.12 2.93 Absci ABSI ... dd 3.67 –0.47 ... 74.72 61.81 CommerceBcshrs CBSH 1.5 18 69.49 –1.26 .265
12.41 6.79 AbsoluteSftwr ABST 2.4 dd 10.55 –0.74.0622 14.58 8.68 AltisourcePortf ASPS ... 7 10.88 –0.44 ... 4.25 1.95 Aware AWRE ... dd 2.11 +0.08 ... 10.76 9.81 CactusAcqn1 A CCTS ... dd 10.04 –0.01 ...
62.25 32.18 AltraIndlMotion AIMC 1.0 cc 35.38 –4.44 .09 83.74 45.14 AxcelisTechs ACLS ... 14 61.25 –4.36 ... 194.97 132.32 CadenceDesign CDNS ... 59 164.27 –10.41 ... 10.58 5.23 CommVehicle CVGI ... 11 5.68 –0.51 ...
7.54 3.30 AcaciaResearch ACTG ... 5 4.27 +0.06 ... 14.61 5.56 CommScope COMM ... dd 12.00 –0.51 ...
51.51 25.10 AcademySports ASO .6 7 47.16 –2.40 .075 14.04 5.20 Alvotech ALVO ... cc 7.90 –0.10 ... 4.40 1.35 AxcellaHealth AXLA ... dd 2.41 +0.66 ... 119.81 35.10 CaesarsEnt CZR ... dd 45.08 –3.25 ...
25.03 13.48 AmalgamFin AMAL 1.8 11 22.57 –0.16 .10 209.00 82.49 AxonEnterprise AXON ... 61 118.34 –5.85 ... 13.67 8.20 Caesarstone CSTE10.3 16 9.70 –0.44 .25 46.30 38.20 CmntyTrBcp CTBI 4.2 9 42.05 –0.72 .44
86.75 50.07 AcadiaHealthcare ACHC ... 28 84.17 +0.52 ... 16.55 12.75 CommWestBcshs CWBC 2.0 10 14.95 +0.82 .075
46.27 4.61 Accolade ACCD ... dd 12.51 +1.07 ... 5.52 1.09 Amarin AMRN ... dd 1.25 –0.12 ... 79.92 38.41 Axonics AXNX ... dd 74.71 –2.09 ... 59.95 34.29 Cal-MaineFoods CALM 5.3 21 56.85 –1.08 .749
188.11 101.26 Amazon.com AMZN ... cc 123.53 –9.74 ... 71.98 20.63 AxsomeTherap AXSM ... dd 59.20 –2.87 ... 10.75 3.90 CalAmp CAMP ... dd 5.05 +0.19 ... 78.55 50.26 CommVaultSys CVLT ... cc 51.84 –1.19 ...
9.94 9.69 AccretionAcqn ENER ... dd 9.89 ... ... 9.78 9.59 CompassDigitalAcqn CDAQ ... 67 9.73 +0.03 ...
0.37 0.06 AccretionAcqnRt ENERR ... ... .08 ... ... 227.59 60.50 Ambarella AMBA ... dd 64.93 –6.20 ... 14.50 0.70 AyalaPharm AYLA ... dd 1.39 –0.50 ... 45.50 28.76 CalavoGrowers CVGW 3.3 dd 34.91 –2.41 1.15
90.77 68.33 Amdocs DOX 1.9 19 81.80 –3.56 .395 124.79 48.51 Azenta AZTA .8 dd 50.34 –3.32 .10 24.00 16.98 CaliforniaBncp CALB ... 12 21.00 +0.51 ... 10.69 4.72 CompoSecure CMPO ... 3 4.99 –0.78 ...
5.93 1.70 Accuray ARAY ... dd 2.19 –0.19 ... 7.48 0.99 Compugen CGEN ... dd 1.00 –0.04 ...
1.08 0.16 AcelRxPharm ACRX ... 1 .28 ... ... 188.88 101.61 Amedisys AMED ... 28 120.39 –2.44 ... B 48.40 2.30 CalitheraBiosci CALA ... dd 3.53 –0.10 ...
36.72 23.31 AmerantBncpA AMTB 1.4 9 26.22 –0.45 .09 27.50 12.55 CalliditasTherap CALT ... dd 15.83 –0.82 ... 37.62 26.11 ComputerPrograms CPSI ... 22 29.00 –0.92 ...
9.00 1.84 AchillesTherap ACHL ... dd 2.89 –0.03 ... 10.38 7.12 ComputerTask CTG ... 7 7.12 –0.10 ...
19.97 9.26 AclarisTherap ACRS ... dd 13.47 –2.78 ... 769.90 447.92 Amerco UHAL .0 9 515.24 –31.49 .50 17.40 9.95 BBQ Holdings BBQ ... 15 17.24 +0.05 ... 18.47 7.07 CalumetSpecialty CLMT ... dd 16.57 –1.03 ...
21.00 16.53 AmerFirstMultifam ATAX 7.7 7 19.16 +0.08 .20 20.71 14.20 BCB Bancorp BCBP 3.5 8 18.08 –0.05 .16 4.08 0.20 Calyxt CLXT ... dd .26 +0.01 ... 4.08 1.52 comScore SCOR ... dd 2.11 –0.07 ...
4.99 0.28 AcordaTherap ACOR ... dd .34 –0.07 ... 27.70 8.42 ComtechTel CMTL 3.4 dd 11.92 –0.27 .10
86.90 56.40 ActivisionBliz ATVI .6 32 76.02 –2.49 .47 22.35 11.93 AmerAirlines AAL ... dd 13.75 –0.44 ... 12.69 4.98 BELLUS Health BLU ... dd 10.60 –1.04 ... 38.53 12.40 CambiumNtwks CMBM ... 74 17.52 –1.00 ...
105.60 80.22 AEP AEP 3.1 20 100.36 –4.35 .78 5.64 3.00 BGC Partners BGCP 1.0 15 4.10 –0.11 .01 52.16 41.48 CamdenNational CAC 3.5 11 45.20 –0.34 .40 208.48 117.59 Concentrix CNXC .8 14 118.47 –9.95 .25
17.71 3.02 AcumenPharm ABOS ... dd 5.49 –1.25 ... 7.37 2.57 ConcertPharm CNCE ... dd 6.37 –0.21 ...
10.94 0.48 AcutusMedical AFIB ... dd 1.17 +0.10 ... 40.34 31.02 AmNtlBcsh AMNB 3.3 10 34.19 +0.63 .28 47.20 20.15 BJsRestaurants BJRI ... dd 28.31 +1.23 ... 49.60 22.89 Camtek CAMT ... 17 25.10 –1.58 ...
26.13 7.10 AmOutdoorBrands AOUT ... dd 9.51 +1.05 ... 120.20 70.21 BOK Fin BOKF 2.3 13 91.64 +0.36 .53 11.19 2.56 Canaan CAN ... 1 3.20 –0.18 ... 7.21 3.70 Conduent CNDT ... 9 3.73 –0.35 ...
15.22 1.22 Adagene ADAG ... ... 1.40 –0.18 ... 94.97 16.48 Confluent CFLT ... dd 25.22 –2.14 ...
5.95 1.26 AdaptimmuneTher ADAP ... dd 1.53 –0.39 ... 26.94 8.03 AmericanPubEdu APEI ... dd 8.15 –0.55 ... 45.36 17.08 BRP Group BRP ... dd 29.68 –2.78 ... 47.69 22.15 CanadianSolar CSIQ ... 19 40.14 –2.88 ...
33.27 15.02 AmerSoftware AMSWA 2.9 44 15.33 –1.00 .11 99.05 57.38 BRP DOOO .7 10 68.38 –2.70.1217 11.98 2.81 CandelTherap CADL ... dd 3.25 –0.83 ... 3.22 1.28 Conifer CNFR ... dd 1.63 –0.23 ...
39.79 5.96 AdaptiveBiotech ADPT ... dd 7.63 –1.28 ... 25.25 0.56 ConnectBiopharma CNTB ... dd 1.44 +0.04 ...
108.11 68.57 AddusHomeCare ADUS ... 33 92.32 –1.24 ... 19.36 4.23 AmerSupercond AMSC ... dd 5.20 +0.28 ... 91.24 41.20 B RileyFin RILY 8.5 dd 47.24 –3.72 1.00 10.10 9.78 Canna-GlobalA CNGL ... dd 10.09 +0.01 ...
76.36 40.70 AmericanWoodmark AMWD ... dd 48.42 –4.31 ... 11.48 3.95 BTRS BTRS ... dd 6.49 –0.55 ... 13.35 1.75 Canoo GOEV ... dd 2.51 –0.20 ... 37.00 23.18 ConnectOneBncp CNOB 2.5 8 25.12 –0.11 .155
21.17 6.75 AdicetBio ACET ... dd 15.76 –0.63 ... 26.92 7.67 Conn's CONN ... 7 8.19 –0.47 ...
699.54 292.14 Adobe ADBE ... 29 299.50 –95.28 ... 129.50 68.29 AmerCarMart CRMT ... 6 69.43 –8.66 ... 36.50 4.81 Backblaze BLZE ... dd 5.24 –1.14 ... 15.96 2.13 CanopyGrowth CGC ... dd 3.17 –0.48 ...
56.64 38.22 AmerisBancorp ABCB 1.3 10 47.90 +0.58 .15 182.60 101.62 Baidu BIDU ... dd 123.69 –14.74 ... 13.25 4.13 Cantaloupe CTLP ... dd 4.22 –0.86 ... 69.31 34.81 ConsensusCloud CCSI ... 11 50.51 +2.18 ...
8.00 3.28 AdvEmissions ADES ... 2 3.37 –0.22 ... 10.50 9.69 Consilium I A CSLM ... dd 9.90 –0.02 ...
98.07 67.55 AdvEnergyInds AEIS .5 22 84.33 –4.30 .10 4.52 3.68 AmeriServFin ASRV 3.1 8 3.81 –0.07 .03 39.78 22.30 BakerHughes BKR 3.0 dd 23.80 –1.45 .18 32.92 15.14 CanterburyPark CPHC 1.2 9 23.93 +1.93 .07
258.45 198.64 Amgen AMGN 3.4 20 231.14 –16.55 1.94 174.29 110.15 Balchem BCPC .5 37 123.22 –10.20 .64 28.16 20.94 CapitalBancorp CBNK .9 8 23.39 –1.71 .06 9.70 4.51 ConsldComm CNSL ... dd 5.64 –0.25 ...
164.46 71.60 AdvMicroDevices AMD ... 32 76.51 –8.94 ... 20.58 9.01 ConsldWater CWCO 2.0 48 17.41 –0.42 .085
9.49 2.43 AdvantageSolns ADV ... 11 2.46 –0.58 ... 12.96 5.91 AmicusTherap FOLD ... dd 10.62 –0.80 ... 19.66 5.75 BallardPower BLDP ... dd 7.28 –0.80 ... 33.92 22.02 CapitalCityBank CCBG 2.1 17 32.90 +0.87 .17
29.15 14.89 AmkorTech AMKR 1.1 6 18.11 –1.49 .05 118.07 54.64 BancFirst BANF 1.6 21 97.25 –1.63 .40 19.65 12.04 CapitalProduct CPLP 4.0 3 15.09 –0.41 .15 88.66 38.00 ConstellationEner CEG .7 dd 85.57 –1.94 .141
2.52 0.80 AdverumBiotech ADVM ... dd 1.11 –0.03 ... 44.99 18.89 ConstructionPtrs ROAD ... 92 28.66 –1.69 ...
8.50 0.37 AegleaBioTherap AGLE ... dd .49 ... ... 44.46 17.75 AmphastarPharm AMPH ... 16 29.23 +1.06 ... 106.68 14.25 Bandwidth BAND ... dd 14.95 –1.35 ... 28.41 17.60 CapitalSouthwest CSWC10.8 15 17.91 –1.22 .50
12.45 5.61 AmrytPharma AMYT ... dd 7.65 –0.17 ... 51.39 34.79 BankOZK OZK 3.1 10 41.50 –0.68 .32 10.50 9.80 CapitalworksEMA CMCA ... ... 10.07 ... ... 15.47 5.41 ConsumerPtfo CPSS ... 4 10.87 –0.64 ...
23.33 4.45 Aemetis AMTX ... dd 7.77 –1.59 ... 6.64 0.98 ContextLogic WISH ... dd .99 –0.30 ...
15.37 4.81 AeriePharm AERI ... dd 15.14 +0.02 ... 15.78 6.66 AmtechSystems ASYS ... 10 10.19 –0.98 ... 32.05 26.57 BankofPrinceton BPRN 3.6 8 28.15 –0.65 .25 12.79 8.72 CapitolFedFin CFFN 3.8 15 9.01 –0.18 .085
33.41 6.51 AmylyxPharm AMLX ... dd 29.38 –0.50 ... 27.28 19.51 Bank7 BSVN 2.1 8 22.48 –1.98 .12 22.74 18.63 CapStarFin CSTR 2.0 10 19.85 –0.16 .10 161.12 102.21 Copart CPRT ... 24 110.10 –6.01 ...
27.83 7.74 AerovateTherap AVTE ... dd 15.73 –1.74 ... 14.98 1.40 CoreScientific CORZ ... dd 1.80 –0.46 ...
114.11 52.03 AeroVironment AVAV ... cc 92.13 –7.94 ... 15.12 1.47 Amyris AMRS ... dd 3.54 –0.22 ... 11.81 9.18 BankFinancial BFIN 4.1 17 9.73 –0.31 .10 18.93 7.40 CaraTherap CARA ... dd 10.20 –0.76 ...
191.95 138.50 AnalogDevices ADI 2.0 41 149.31 –4.87 .76 36.87 28.25 BankwellFin BWFG 2.6 7 31.18 –0.95 .20 36.97 12.77 CardiovascularSys CSII ... dd 14.13 ... ... 8.03 2.65 CorMedix CRMD ... dd 3.38 –0.34 ...
10.60 9.95 AestherHlthcrA AEHA ... dd 10.17 –0.02 ... 29.80 12.23 CorsairGaming CRSR ... dd 13.87 –1.01 ...
4.64 1.17 AestheticMed AIH ... ... 1.70 –0.16 ... 37.89 18.20 AnaptysBio ANAB ... dd 25.27 –0.41 ... 66.79 50.02 Banner BANR 2.9 11 61.51 +0.45 .44 97.34 11.25 Cardlytics CDLX ... dd 11.69 –1.07 ...
23.73 7.13 AnavexLifeSci AVXL ... dd 9.25 –1.05 ... 20.73 5.41 Baozun BZUN ... dd 6.84 –0.85 ... 8.61 2.92 Carecloud MTBC ... dd 5.15 +0.41 ... 213.38 129.19 Corvel CRVL ... 41 151.49 –6.74 ...
7.35 2.17 Affimed AFMD ... dd 2.23 –0.51 ... 9.54 0.75 CorvusPharm CRVS ... dd .92 –0.08 ...
176.65 13.64 AffirmHldgs AFRM ... dd 22.30 –3.95 ... 59.00 28.16 Andersons ANDE 2.2 9 32.46 –3.09 .18 86.82 57.76 BarrettBus BBSI 1.5 14 80.20 –2.50 .30 75.92 16.77 CareDx CDNA ... dd 17.06 –2.13 ...
33.13 2.48 Anghami ANGH ... dd 2.60 –0.23 ... 24.12 13.16 BassettFurniture BSET 3.2 23 18.05 –1.05 .16 10.28 3.45 CareMax CMAX ... dd 6.99 +0.21 ... 101.05 49.00 CoStar CSGP ... 84 70.45 –7.97 ...
22.16 8.73 Afya AFYA ... 20 13.97 –0.06 ... 612.27 406.51 Costco COST .7 40 504.14 –32.44 .90
55.75 31.49 Agilysys AGYS ... cc 49.68 –0.05 ... 14.92 3.14 Angi ANGI ... dd 3.20 –0.71 ... 23.54 17.60 BayCom BCML 1.1 10 18.66 –0.34 .05 50.03 15.91 CarGurus CARG ... dd 16.23 –2.88 ...
32.00 17.56 AngioDynamics ANGO ... dd 21.87 –0.75 ... 65.30 45.71 BeaconRoof BECN ... 11 54.47 –2.06 ... 27.95 4.89 CaribouBio CRBU ... dd 11.37 –0.10 ... 47.38 11.68 Couchbase BASE ... dd 14.55 –1.05 ...
50.98 16.75 AgiosPharm AGIO ... dd 30.84 –3.30 ... 10.08 9.91 CounterPressA CPAQ ... dd 10.05 –0.03 ...
29.71 3.71 Agora API ... dd 4.01 –0.50 ... 11.36 0.98 AngionBiomed ANGN ... dd 1.06 –0.06 ... 103.73 27.77 BeamTherap BEAM ... dd 56.12 –1.39 ... 4.75 0.38 CarLotz LOTZ ... dd .38 –0.02 ...
45.81 19.95 AnikaTherap ANIK ... dd 23.38 +0.43 ... 2.88 1.07 BeasleyBroadcast BBGI ... dd 1.13 –0.11 ... 60.62 30.01 Carlyle CG 4.2 6 30.89 –2.18 .325 259.90 50.54 CoupaSoftware COUP ... dd 67.58 –2.61 ...
2.33 1.47 AgroFresh AGFS ... dd 1.47 –0.24 ... 34.80 17.23 CovenantLogist CVLG 1.0 6 27.93 –1.20 .08
10.05 9.76 AhrenAcqnA AHRN ... 45 10.00 –0.02 ... 23.61 2.06 Annexon ANNX ... dd 6.36 –0.09 ... 30.06 4.38 BedBath BBBY ... dd 8.02 –0.91 ... 14.96 12.14 CarlyleSecured CGBD 9.8 7 13.85 –0.36 .06
40.50 14.01 AirT AIRT ... 5 15.86 –1.87 ... 10.06 6.97 AnthemisDigA ADAL ... cc 10.06 +0.01 ... 426.56 118.18 BeiGene BGNE ... dd 157.09 –13.62 ... 17.46 5.56 CarParts.com PRTS ... dd 5.69 –1.03 ... 21.20 13.39 Covetrus CVET ... dd 20.89 –0.01 ...
34.54 23.68 AirTransport ATSG ... 10 25.68 –2.58 ... 70.00 30.17 ApellisPharm APLS ... dd 62.56 –5.01 ... 32.46 13.14 BelFuse A BELFA .8 11 28.52 –0.83 .06 4.43 1.28 CarrolsRestr TAST ... dd 1.82 –0.25 ... 39.93 21.36 Cowen COWN 1.2 8 38.54 ... .12
212.58 86.71 Airbnb ABNB ... 65 118.75 –4.73 ... 50.45 33.88 ApogeeEnt APOG 2.2 58 39.47 –1.72 .22 29.61 11.58 BelFuse B BELFB 1.1 9 25.58 –0.59 .07 17.99 12.58 CarterBkshrs CARE ... 12 16.98 –0.07 ... 149.88 81.87 CrackerBarrel CBRL 4.8 19 109.15 –2.79 1.30
18.48 5.79 AirSculptTech AIRS .0 dd 8.08 –1.17 .41 10.39 3.49 ApolloEnd APEN ... dd 5.80 –0.17 ... 13.06 6.24 Benefitfocus BNFT ... dd 6.65 –0.32 ... 11.20 9.90 CartesianGrwIIA RENE ... ... 10.00 –0.07 ... 9.39 6.15 CreativeMedia CMCT 4.9 dd 6.92 –0.03 .085
123.25 85.90 AkamaiTech AKAM ... 25 87.16 –4.53 ... 139.99 79.92 AppFolio APPF ... dd 102.36 +1.68 ... 70.18 26.32 BentleySystems BSY .4 cc 33.65 –4.82 .03 10.14 9.80 CarticaAcqnA CITE ... ... 10.10 ... ... 703.27 452.48 CreditAcceptance CACC ... 9 487.20 –28.02 ...
3.35 0.30 AkebiaTherap AKBA ... dd .39 –0.05 ... 8.10 2.11 AppHarvest APPH ... dd 2.14 –0.60 ... 27.48 3.33 BerkeleyLights BLI ... dd 3.49 –0.47 ... 7.18 3.34 CasaSystems CASA ... dd 3.52 –0.25 ... 18.00 8.61 CredoTech CRDO ... dd 11.74 –0.90 ...
29.78 7.52 AkeroTherap AKRO ... dd 26.02 +14.31 ... 107.50 38.78 Appian APPN ... dd 47.44 +0.19 ... 8.10 1.40 BerkshireGrey BGRY ... dd 2.01 –0.26 ... 9.95 9.63 CascadiaAcqnA CCAI ... 29 9.81 ... ... 21.48 15.06 CrescentCapBDC CCAP 9.2 12 17.75 –0.03 .41
13.69 2.32 Akouos AKUS ... dd 5.16 +1.87 ... 182.94 129.04 Apple AAPL .6 25 150.70 –6.67 .23 1.62 0.18 BerkshireGreyWt BGRYW ... ... .26 –0.01 ... 92.75 63.90 CasellaWaste CWST ... 89 81.20 –2.69 ... 10.06 9.79 CresceraCapA CREC ... 23 10.03 +0.03 ...
21.21 8.02 Akoya AKYA ... dd 11.95 –1.30 ... 34.20 0.85 AppliedBlockchn APLD ... dd 2.15 –0.11 ... 12.85 5.68 Berry(bry) BRY 2.9 cc 8.36 –0.71 .56 223.90 170.82 CaseysGenStores CASY .7 22 214.90 –6.23 .38 9.80 4.18 Cresud CRESY ... 2 5.77 –0.90 ...
22.39 0.75 AksoHealth AHG ... ... 1.00 +0.04 ... 3.48 0.35 AppliedGenetic AGTC ... dd .39 –0.04 ... 115.48 18.18 BeyondMeat BYND ... dd 18.29 –4.26 ... 46.26 31.85 CassInfoSys CASS 3.1 16 35.74 –0.86 .28 36.36 5.88 Cricut CRCT ... 25 8.88 +0.87 ...
167.06 82.67 ApplMaterials AMAT 1.2 12 88.87 –7.64 .26 62.08 12.08 BicycleTherap BCYC ... dd 24.52 –0.57 ... 78.47 15.58 CastleBiosci CSTL ... dd 27.15 –2.18 ... 28.95 15.91 CrineticsPharm CRNX ... dd 20.59 –0.44 ...
28.86 1.25 AppliedMolecular AMTI ... dd 1.25 –0.09 ... 47.65 10.39 Big5SportingGds BGFV 8.5 4 11.70 –0.70 .25 48.88 37.37 CathayGenBncp CATY 3.3 10 41.80 –0.35 .34 43.49 20.56 Criteo CRTO ... 22 28.12 –1.23 ...
8.86 1.48 AppliedOptoelec AAOI ... dd 3.76 +1.26 ... 64.14 12.71 BigCommerce BIGC ... dd 16.28 –0.71 ... 327.24 179.47 CavcoIndustries CVCO ... 8 210.20 –17.09 ... 10.40 9.71 CrixusBH3 A BHAC ... 16 9.88 –0.04 ...
Nasdaq Issues includes stocks traded on the Nasdaq 19.14 0.73 AppliedTherap APLT ... dd 1.35 –0.11 ... 89.80 14.93 Bilibili BILI ... dd 17.06 –2.26 ... 10.80 4.09 CECO Env CECE ... 45 9.21 –0.59 ... 183.88 46.08 Crocs CROX ... 9 76.15 –4.47 ...
Global Select and Nasdaq Global Market tiers. They are 116.09 22.64 Applovin APP ... dd 23.15 –4.58 ... 543.85 301.45 Bio-Techne TECH .4 46 307.59 –39.19 .32 12.49 4.10 CellebriteDI CLBT ... 6 4.37 –0.20 ... 6.79 2.57 Cronos CRON ... dd 3.05 –0.13 ...
eligible for inclusion on the basis of SEC-approved 5.67 0.62 ApreaTherap APRE ... dd .85 +0.13 ... 37.10 2.01 BioAtla BCAB ... dd 8.38 –0.47 ... 14.49 2.30 Cellectis CLLS ... dd 3.18 –0.18 ... 30.51 15.26 CrossCtyHlthcr CCRN ... 5 29.62 +2.96 ...
market value of publicly-held shares, trading volume, 3.76 0.33 Aptinyx APTX ... dd .48 +0.02 ... 16.43 9.27 BioceresCrop BIOX ... dd 14.21 +0.02 ... 5.32 1.51 CelyadOncology CYAD ... dd 1.80 –0.04 ... 16.50 11.81 CrossFirstBkshs CFB ... 9 13.15 ... ...
price and number of market-makers. 2.82 0.86 Aptorum APM ... dd 1.42 –0.02 ... 19.99 7.61 BioCryst BCRX ... dd 13.15 –0.30 ... 21.07 2.89 CentessaPharm CNTA ... dd 4.31 +0.27 ... 298.48 130.00 CrowdStrike CRWD ... dd 171.01 –19.85 ...
September 19, 2022 BARRON’S 47

D ATA NASDAQ ISSUES B A R R ON S .C OM / D ATA

52-Week Tick Div 52-Week Tick Div 52-Week Tick Div 52-Week Tick Div 52-Week Tick Div
High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt.
11.15 9.49 Crypto1Acqn DAOOU ... ... 10.08 +0.02 ... 7.12 1.66 Equillium EQ ... dd 2.26 –0.02 ... 35.15 21.93 FrontierComms FYBR ... 12 24.26 –2.36 ... 10.82 9.82 HealthcareAI A HAIA ... 14 10.04 +0.01 ... 46.67 38.00 IntlBcshs IBOC 2.8 12 42.80 +0.81 .60
10.40 9.75 Crypto1AcqnA DAOO ... dd 10.01 +0.01 ... 873.77 606.12 Equinix EQIX 2.0 89 624.75 –33.14 3.10 17.50 8.19 Frontier ULCC ... dd 11.88 –1.03 ... 27.11 13.29 HealthcareSvcs HCSG 5.8 35 14.09 +0.19.2138 5.98 3.93 Intevac IVAC ... dd 4.82 +0.05 ...
22.55 2.75 CueHealth HLTH ... dd 3.27 –0.45 ... 36.00 28.06 EquityBcshs EQBK 1.1 9 29.74 –0.52 .08 11.63 2.87 FuelCell FCEL ... dd 4.02 –0.22 ... 73.29 36.81 HealthEquity HQY ... dd 71.36 +4.42 ... 66.00 33.90 Intra-Cellular ITCI ... dd 48.20 –3.80 ...
28.87 7.30 CullinanOncology CGEM ... 5 12.49 –1.07 ... 22.94 4.51 Erasca ERAS ... dd 8.12 –0.38 ... 33.10 3.21 FulcrumTherap FULC ... dd 8.84 +0.53 ... 29.76 18.51 HealthStream HSTM ... 95 21.69 –0.78 ... 716.86 339.36 Intuit INTU .7 58 423.00 –27.03 .78
7.51 1.89 CumberlandPharm CPIX ... dd 2.63 +0.38 ... 234.96 158.46 ErieIndemnity A ERIE 2.0 39 219.66 –3.33 1.11 109.55 40.70 FulgentGenetics FLGT ... 3 41.84 –2.44 ... 17.88 12.78 HeartlandExp HTLD .6 8 14.12 –0.63 .02 369.69 186.83 IntuitiveSurgical ISRG ... 53 206.28 –15.04 ...
15.67 6.46 CumulusMedia CMLS ... 3 8.90 –0.99 ... 6.50 0.78 ErytechPharma ERYP ... dd .78 –0.09 ... 19.17 13.72 FultonFin FULT 3.7 10 16.40 +0.02 .15 54.00 39.27 HeartlandFinUSA HTLF 2.4 10 44.56 +0.03 .27 15.78 3.80 Inventiva IVA ... dd 4.00 –0.01 ...
58.36 9.35 CureVac CVAC ... dd 9.57 –0.11 ... 20.60 10.38 Escalade ESCA 5.8 6 10.42 –0.60 .15 27.79 15.28 Funko FNKO ... 21 22.55 –1.03 ... 50.03 26.29 Heidrick&Strug HSII 2.3 7 26.66 –0.82 .15 23.72 17.08 Investar ISTR 1.8 13 20.05 –0.90 .09
8.50 0.70 Curis CRIS ... dd .88 –0.07 ... 13.14 3.28 EsperionTherap ESPR ... dd 7.01 –0.36 ... 13.98 4.48 FusionFuelGreen HTOO ... ... 6.71 –0.68 ... 256.26 109.32 HelenofTroy HELE ... 14 112.16 –9.58 ... 5.89 3.70 InvestcpCredit ICMB12.6 26 4.76 +0.31 .15
74.38 31.62 Cutera CUTR ... dd 48.89 –0.94 ... 6.72 2.13 EtonPharm ETON ... dd 2.17 –0.10 ... 9.13 1.99 FusionPharm FUSN ... dd 3.00 +0.40 ... 14.00 4.14 HelloGroup MOMO .0 dd 4.58 –0.71 .62 11.02 9.85 InvestcorpEur I A IVCB ... ... 10.10 +0.02 ...
10.96 3.30 Cvent CVT ... dd 5.50 ... ... 307.75 67.01 Etsy ETSY ... 38 108.03 –2.39 ... 97.80 21.23 Futu FUTU ... 21 41.00 –5.42 ... 11.69 9.00 HennessyAdvsrs HNNA 6.1 10 9.00 –0.21.1375 10.13 9.95 InvestcorpIndiaA IVCA ... ... 10.05 –0.04 ...
19.49 4.60 CVRx CVRX ... dd 7.63 –0.76 ... 149.92 83.25 EuronetWorldwide EEFT ... 34 85.67 –6.00 ... 10.50 9.95 FutureTechIIA FTII ... ... 10.03 –0.01 ... 11.03 9.56 HennessyCapVI HCVI ... 35 9.70 ... ... 248.00 133.52 InvestorsTitle ITIC 1.3 7 146.64 +2.04 .46
201.68 100.35 CyberArkSoftware CYBR ... dd 151.19 –2.31 ... 34.67 16.30 EuropeanWax EWCZ .0 cc 17.54 –3.20 3.30 G 92.68 70.25 HenrySchein HSIC ... 16 71.70 –2.60 ... 78.82 2.41 Invivyd IVVD ... dd 3.84 –0.76 ...
53.64 30.98 CyberOptics CYBE ... 25 53.45 +0.05 ... 12.74 1.42 EveloBiosci EVLO ... dd 2.11 –0.09 ... 12.94 10.42 HeritageCommerce HTBK 4.5 13 11.50 –0.07 .13 48.82 25.04 IonisPharma IONS ... dd 46.33 –0.51 ...
3.62 0.46 CyclerionTherap CYCN ... dd .99 +0.04 ... 3.58 1.04 Ever-Glory EVK ... 97 1.04 –0.03 ... 12.38 6.26 GCM Grosvenor GCMG 4.8 17 8.30 +0.16 .10 36.29 24.00 HeritageCrystal HCCI ... 10 30.97 –1.26 ... 27.96 6.18 IovanceBiotherap IOVA ... dd 10.84 –0.36 ...
4.74 1.67 CymaBayTherap CBAY ... dd 3.95 +0.26 ... 164.49 24.10 Everbridge EVBG ... dd 36.06 –3.42 ... 65.84 19.83 GDS Holdings GDS ... dd 21.63 –1.68 ... 27.90 20.95 HeritageFin HFWA 3.1 12 27.27 +0.27 .21 10.37 1.86 iQIYI IQ ... dd 3.13 –0.23 ...
21.69 1.56 CyteirTherap CYT ... dd 2.02 –0.08 ... 21.69 7.73 EverCommerce EVCM ... dd 11.47 –0.84 ... 30.43 8.72 GH Research GHRS ... dd 12.96 –0.96 ... 46.00 15.00 HertzGlobal HTZ ... 11 18.55 –0.60 ... 169.54 56.49 iRhythmTechs IRTC ... dd 150.01 –9.24 ...
27.93 7.38 CytekBiosci CTKB ... dd 13.29 –0.81 ... 10.08 9.93 EvergreenA EVGR ... ... 10.07 ... ... 17.49 3.84 G1Therapeutics GTHX ... dd 15.21 –1.42 ... 101.65 39.58 Hibbett HIBB 1.7 8 58.81 –5.83 .25 9.46 2.34 Iridex IRIX ... dd 2.45 –0.11 ...
55.80 29.26 Cytokinetics CYTK ... dd 53.35 –1.17 ... 21.86 7.34 EverQuote EVER ... dd 7.92 –0.87 ... 116.00 41.20 GRAVITY GRVY ... 7 53.56 +3.74 ... 38.21 8.48 HighPeakEner HPK .4 25 24.09 –2.37 .025 47.32 31.73 IridiumComm IRDM ... ... 44.99 –0.14 ...
7.53 1.19 CytomXTherap CTMX ... dd 1.58 –0.02 ... 14.36 4.71 EverspinTech MRAM ... 16 6.40 –0.58 ... 6.21 2.80 GSI Tech GSIT ... dd 2.88 –0.06 ... 24.42 7.90 HilleVax HLVX ... dd 21.75 +2.71 ... 28.25 2.89 IrisEnergy IREN ... ... 5.06 +0.45 ...
15.42 4.82 CyxteraTech CYXT ... dd 5.04 –0.48 ... 19.59 5.28 EVgo EVGO ... dd 9.05 –0.42 ... 10.00 9.78 GSRIIMeteoraA GSRM ... ... 9.95 +0.01 ... 12.57 7.80 HillmanSolns HLMN ... dd 8.08 –0.36 ... 98.86 35.41 iRobot IRBT ... dd 57.82 –1.01 ...
D 3.07 0.68 Evogene EVGN ... dd .96 –0.05 ... 2.95 0.35 GSRIIMeteoraRt GSRMR ... ... 1.59 –0.20 ... 16.50 5.42 HimaxTechs HIMX22.3 2 5.57 –0.21 1.25 14.21 10.13 IronwoodPharm IRWD ... 11 10.71 –0.29 ...
14.34 5.06 Evolus EOLS ... dd 9.91 –0.45 ... 11.06 3.00 Gaia GAIA ... 21 3.08 –0.47 ... 432.19 270.00 HinghamSvg HIFS .8 14 283.06 –4.84 .59 16.95 1.62 IsoPlexis ISO ... dd 1.83 –0.35 ...
5.60 1.15 DBV Tech DBVT ... dd 2.20 –0.06 ... 26.57 10.07 Evotec EVO ... cc 10.17 –1.32 ... 9.70 2.33 GainTherap GANX ... dd 3.79 –0.09 ... 21.16 11.05 HollysysAuto HOLI .0 14 18.85 –0.91 .32 52.43 16.21 iTeosTherap ITOS ... 2 20.11 –1.95 ...
40.50 12.64 DiceTherap DICE ... dd 19.98 –2.67 ... 14.90 4.15 Exagen XGN ... dd 4.73 +0.34 ... 72.11 46.41 Galapagos GLPG ... dd 48.11 –0.05 ... 80.49 66.36 Hologic HOLX ... 11 66.82 –2.34 ... 81.36 43.18 Itron ITRI ... dd 48.55 –2.19 ...
3.42 0.45 DIRTT Envl DRTT ... dd .45 –0.25 ... 10.50 9.67 ExcelFinAcqnA XFIN ... dd 9.96 ... ... 4.29 1.17 Galecto GLTO ... dd 2.31 –0.29 ... 45.73 33.16 HomeBancorp HBCP 2.4 8 38.05 +0.15 .23 29.85 19.73 IturanLocation ITRN 2.4 14 23.15 –1.44 .14
46.31 16.20 DISH Network DISH ... 5 17.29 –2.04 ... 23.40 15.50 Exelixis EXEL ... 20 17.15 –0.75 ... 8.51 1.12 GaleraTherap GRTX ... dd 1.74 –0.28 ... 10.30 9.65 HomePlateAcqn HPLT ... 24 9.79 ... ... J
47.46 15.87 DMC Global BOOM ... dd 19.26 –0.51 ... 50.71 33.87 Exelon EXC 3.1 16 43.21 –2.63.3375 16.97 6.90 Gambling.com GAMB ... 26 7.43 –0.39 ... 5.85 2.00 HomePtCap HMPT 7.0 6 2.30 +0.11 .04
7.10 0.59 D-MarketElec HEPS ... dd 1.08 +0.03 ... 179.81 112.14 ExlService EXLS ... 46 173.41 –3.59 ... 12.73 9.80 Games&EsportsA GEEX ... 16 10.12 ... ... 57.40 33.37 HomeStreet HMST 4.1 7 34.44 –1.27 .35 27.87 7.50 JakksPacific JAKK ... 4 23.37 –3.27 ...
10.15 9.73 DPCapAcqnIA DPCS ... dd 10.05 +0.01 ... 55.43 11.06 eXpWorld EXPI 1.5 33 12.09 –1.51 .045 4.72 1.48 GamidaCell GMDA ... dd 2.42 –0.23 ... 32.60 22.30 HomeTrustBcshs HTBI 1.5 11 23.49 +0.84 .09 165.78 117.45 J&JSnackFoods JJSF 2.0 54 138.52 –7.49 .70
10.45 9.78 DuetAcqnA DUET ... ... 9.94 +0.02 ... 217.72 88.70 Expedia EXPE ... 51 101.89 –7.28 ... 52.87 41.81 Gaming&Leisure GLPI 5.8 22 48.69 –1.29 .705 8.90 1.30 HomologyMed FIXX ... dd 1.84 –0.31 ... 92.69 41.56 JD.com JD .0 dd 55.37 –5.04 1.26
36.26 22.09 DXP Ents DXPE ... 15 26.44 –0.15 ... 137.80 90.08 ExpeditorsIntl EXPD 1.4 10 92.81 –10.63 .67 10.00 9.77 GardinerHlthcr GDNR ... cc 9.98 ... ... 11.65 2.54 Honest HNST ... dd 3.91 –0.31 ... 13.55 6.23 Joann JOAN 5.5 dd 8.02 –0.60 .11
24.83 5.00 DadaNexus DADA ... dd 5.33 –0.84 ... 51.06 13.58 Expensify EXFY ... dd 16.07 –1.41 ... 8.59 5.61 GarrettMotion GTX ... 4 6.44 –0.44 ... 228.26 167.35 Honeywell HON 2.2 24 177.35 –14.34 .98 59.10 23.14 Joyy YY 7.5 39 27.24 –2.01.5075
6.00 2.82 Daktronics DAKT ... dd 2.89 –0.16 ... 127.61 80.97 Exponent EXPO 1.1 48 89.94 –4.44 .24 4.80 1.16 GeminiTherap GMTX ... dd 1.38 +0.01 ... 28.23 14.18 HookerFurnishings HOFT 5.5 52 14.53 –0.72 .20 212.62 147.50 JackHenry JKHY 1.0 39 191.56 –8.66 .49
8.49 4.98 DallasNews DALN12.8 dd 5.01 –1.42 1.50 30.38 6.56 Exscientia EXAI ... dd 8.96 –0.06 ... 26.75 3.96 GenerationBio GBIO ... dd 5.53 +0.06 ... 17.68 13.00 HopeBancorp HOPE 3.9 8 14.48 +0.10 .14 105.98 54.80 JackintheBox JACK 2.1 17 84.11 +2.37 .44
199.68 81.12 Datadog DDOG ... cc 91.25 –9.29 ... 16.61 8.49 ExtremeNetworks EXTR ... 39 13.09 –1.13 ... 10.50 9.86 GenesisGrowthA GGAA ... ... 10.10 ... ... 23.80 16.45 HorizonBancorp HBNC 3.4 9 18.66 –0.58 .16 0.25 ... JaguarGlbGrwI Rt JGGCR ... ... .14 +0.01 ...
52.54 29.60 Dave&Buster's PLAY ... 14 37.45 –1.41 ... 21.50 7.00 EyePointPharm EYPT ... dd 8.17 –0.79 ... 10.81 9.97 GenesisUnicorn GENQU ... ... 9.99 –0.05 ... 19.08 10.55 HorizonTechFin HRZN10.4 10 11.59 –0.76 .10 11.18 9.97 JaguarGlblGrowthI JGGCU ... ... 10.11 +0.01 ...
15.35 0.46 Dave DAVE ... dd .50 +0.01 ... 9.62 5.51 Ezcorp EZPW ... 15 8.14 –0.41 ... 16.94 0.89 Genetron GTH ... dd 1.01 –0.08 ... 120.54 57.84 HorizonTherap HZNP ... 19 62.66 –3.43 ... 10.87 9.82 JaguarGlbGrwI A JGGC ... cc 9.97 –0.06 ...
4.69 0.95 DAVIDsTEA DTEA ... dd 1.00 –0.34 ... F 6.38 3.01 Genfit GNFT ... 3 4.11 –0.36 ... 21.63 15.10 HostHotels HST 2.7 22 17.77 –0.47 .12 39.60 19.76 JamesRiver JRVR .8 dd 24.08 –0.08 .05
2.70 1.08 DawsonGeophys DWSN ... dd 2.00 +0.87 ... 47.28 26.19 Genmab GMAB ... 41 36.46 –0.98 ... 89.62 60.81 HubGroup HUBG ... 8 71.81 –6.96 ... 49.27 19.68 JamfHolding JAMF ... dd 22.84 –0.71 ...
28.35 5.44 DayOneBiopharm DAWN ... dd 21.54 –4.00 ... 83.39 27.84 FARO Tech FARO ... dd 31.60 –2.99 ... 37.90 26.00 Gentex GNTX 1.8 19 26.18 –1.16 .12 44.00 15.46 HudsonGlobal HSON ... 11 34.95 –0.23 ... 34.93 9.39 JanuxTherap JANX ... dd 12.76 –0.47 ...
8.85 1.83 DecibelTherap DBTX ... dd 5.01 –0.26 ... 249.00 142.43 F5 FFIV ... 27 148.88 –11.32 ... 99.00 55.02 Gentherm THRM ... 36 59.13 –0.93 ... 2.50 0.61 HuizeHolding HUIZ ... dd .85 –0.09 ... 169.98 117.64 JazzPharm JAZZ ... dd 147.49 –5.17 ...
37.99 6.51 DecipheraPharm DCPH ... dd 18.47 +0.39 ... 7.24 1.31 FGFinancial FGF ... dd 1.97 +0.40 ... 10.35 4.10 GeospaceTech GEOS ... dd 4.69 –0.28 ... 14.57 3.07 Humacyte HUMA ... dd 3.95 –0.56 ... 16.65 7.50 JetBlue JBLU ... dd 7.92 –0.35 ...
11.00 9.70 DeepMedicineAcqn DMAQ ... dd 10.06 +0.03 ... 10.50 9.89 FG Merger FGMC ... ... 10.03 +0.03 ... 43.79 32.76 GermanAmerBncp GABC 2.5 14 37.54 +0.10 .23 218.18 153.92 JBHunt JBHT 1.0 19 166.47 –7.59 .40 42.33 16.36 JFrog FROG ... dd 20.12 –2.13 ...
0.37 0.05 DeepMedicineAcqnRt DMAQR ... ... .14 +0.05 ... 65.00 53.30 FRP Holdings FRPH ... cc 56.71 –1.34 ... 3.06 0.99 Geron GERN ... dd 2.70 +0.05 ... 17.79 11.67 HuntingtonBcshs HBAN 4.5 12 13.71 –0.43 .155 186.01 3.33 JianzhiEduc JZ ... ... 3.38 –0.49 ...
50.30 14.76 DefinitiveHlthcr DH ... dd 18.27 –2.18 ... 9.87 9.55 FTACEmeraldA EMLD ... dd 9.86 +0.03 ... 10.50 9.70 GesherIAcqnA GIAC ... dd 9.97 +0.02 ... 35.15 21.89 Hurco HURC 2.5 18 23.78 –0.52 .15 4.88 1.57 Jiayin JFIN ... 1 2.44 –0.06 ...
10.12 9.92 DenaliCapAcqnA DECA ... ... 10.04 –0.07 ... 10.36 9.72 FTACZeusAcqnA ZING ... dd 9.87 –0.03 ... 4.32 1.14 GetnetAdquirencia GET 7.0 ... 1.75 –0.06.1238 72.67 42.66 HuronConsulting HURN ... 16 65.35 –0.03 ... 117.99 54.06 JohnsonOutdoors JOUT 2.2 13 54.80 –3.18 .30
56.08 20.24 DenaliTherap DNLI ... dd 29.83 –1.52 ... 4.25 2.25 FTAI Infra FIP ... ... 2.58 –0.47 ... 79.40 36.86 GibraltarInds ROCK ... 17 41.46 –0.48 ... 16.57 1.27 Hut8Mining HUT ... dd 1.94 –0.41 ... 9.81 2.76 JounceTherap JNCE ... dd 3.04 –0.21 ...
62.60 30.89 DentsplySirona XRAY 1.6 19 32.05 –1.91 .125 11.20 2.12 FTC Solar FTCI ... dd 3.77 –0.53 ... 62.00 12.51 GigaCloudTech GCT ... ... 14.99 –3.11 ... 47.78 2.27 Hydrofarm HYFM ... dd 2.74 –0.34 ... 10.03 9.82 JupiterWellnessA JWAC ... dd 10.00 –0.02 ...
91.39 56.19 Descartes DSGX ... 63 65.88 –2.96 ... 22.95 1.08 FangddNetwork DUO ... dd 1.08 –0.29 ... 33.40 15.24 GIIIApparel GIII ... 4 16.31 –2.26 ... 16.61 1.13 Hyperfine HYPR ... dd 1.29 +0.07 ... 0.36 0.06 JupiterWellnessRt JWACR ... ... .08 –0.01 ...
26.30 9.61 DesignTherap DSGN ... dd 21.79 –2.83 ... 14.77 4.31 Fanhua FANH10.5 50 5.52 +0.37.1453 9.66 5.62 GilatSatellite GILT ... cc 5.81 –0.48 ... 7.90 5.15 Hywin HYW ... ... 6.32 –0.16 ... K
8.99 3.27 DestinationXL DXLG ... 4 5.83 –0.33 ... 11.50 0.88 FaradayFuture FFIE ... dd .97 –0.14 ... 74.12 57.17 GileadSciences GILD 4.5 20 65.60 +0.32 .73 10.70 1.87 HyzonMotors HYZN ... dd 1.91 –0.09 ...
5.20 3.00 Deswell DSWL 6.6 6 3.05 –0.06 .10 9.28 4.33 FarmerBros FARM ... dd 5.13 –0.35 ... 137.00 30.74 GitLab GTLB ... dd 57.38 –0.60 ... 457.12 282.83 KLA KLAC 1.5 15 335.53 –23.14 1.30
164.86 66.89 DexCom DXCM ... cc 90.09 –2.80 ... 10.01 0.36 FastRadius FSRD ... dd .48 –0.16 ... 12.78 9.43 GladstoneCap GLAD 8.3 7 9.71 –0.34.0675 I 13.36 2.94 KLX Energy KLXE ... dd 6.43 –0.77 ...
234.84 163.90 DiamondHillInvt DHIL 3.4 10 177.22 –0.42 1.50 64.75 45.68 Fastenal FAST 2.6 27 47.36 –3.84 .31 26.13 17.73 GladstoneComm GOOD 8.2 cc 18.29 –0.80.1254 158.81 60.15 IAC IAC ... dd 60.55 –8.46 ... 11.99 6.89 KVH Inds KVHI ... dd 9.77 –0.07 ...
162.24 77.21 DiamondbkEner FANG 5.4 6 132.62 –2.40 2.30 9.99 9.70 FatProjectsAcqn FATP ... dd 9.94 ... ... 17.15 12.39 GladstoneInvt GAIN 6.4 7 14.05 –0.23 .075 20.69 10.77 IBEX IBEX ... 14 16.09 –0.55 ... 10.08 9.80 KairousAcqn KACL ... ... 10.04 –0.02 ...
37.44 18.54 DigiIntl DGII ... 97 34.66 –0.75 ... 72.29 17.10 FateTherap FATE ... dd 25.00 –3.10 ... 42.10 20.71 GladstoneLand LAND 2.6 dd 21.00 –2.36.0456 111.10 84.68 ICF Intl ICFI .5 29 104.32 –0.26 .14 119.31 66.25 KaiserAlum KALU 4.4 dd 69.64 –7.62 .77
53.74 13.03 Digimarc DMRC ... dd 16.61 –0.53 ... 2.89 0.26 FedNat FNHC ... dd .35 +0.01 ... 9.87 9.75 GlblBlockchain GBBK ... ... 9.85 –0.01 ... 251.77 154.73 ICU Medical ICUI ... cc 161.72 –10.71 ... 3.16 0.28 KalaPharm KALA ... dd .31 –0.03 ...
11.00 9.81 DigitalHealth DHAC ... dd 10.12 +0.02 ... 9.98 9.91 FeutuneLightA FLFV ... ... 9.96 +0.01 ... 0.11 0.06 GlbBlockchainRt GBBKR ... ... .07 –0.01 ... 27.71 8.14 IDEAYA Bio IDYA ... dd 11.16 +1.91 ... 12.03 1.32 Kaltura KLTR ... dd 1.97 –0.15 ...
175.00 9.84 DigitalWorldA DWAC ... dd 23.43 –0.57 ... 0.10 0.07 FeutuneLightRt FLFVR ... ... .07 –0.03 ... 73.02 21.65 GlbBloodTherap GBT ... dd 67.62 –0.14 ... 689.95 318.50 IdexxLab IDXX ... 44 342.56 –31.57 ... 19.97 8.00 KalVistaPharm KALV ... dd 14.99 –0.88 ...
38.35 28.36 DimeCommBcshs DCOM 3.1 9 31.09 –0.32 .24 16.91 7.81 FibroGen FGEN ... dd 11.94 –0.94 ... 77.38 15.63 Global-EOnline GLBE ... dd 33.27 –0.31 ... 55.98 24.94 IES Holdings IESC ... 16 29.06 –1.33 ... 6.96 4.22 Kamada KMDA ... dd 4.76 –0.24 ...
113.98 58.52 Diodes DIOD ... 11 65.77 –5.22 ... 59.65 34.20 FidelityD&D FDBC 3.1 9 42.48 +0.28 .33 10.30 9.69 GlblTechAcqnI GTAC ... 20 10.05 +0.01 ... 76.20 12.67 IGM Biosci IGMS ... dd 20.85 –0.40 ... 5.20 2.00 KandiTech KNDI ... dd 2.07 –0.07 ...
57.80 30.33 DistributionSoln DSGR ... 32 32.59 –3.97 ... 12.19 5.89 FiestaRestaurant FRGI ... dd 7.00 –0.23 ... 20.05 12.54 GlobalWaterRscs GWRS 2.2 61 12.99 –1.06.0246 78.35 5.05 I-Mab IMAB ... dd 5.08 –0.69 ... 43.22 13.46 Kanzhun BZ ... cc 21.29 –1.47 ...
18.00 5.27 Diversey DSEY ... dd 5.35 –0.88 ... 50.64 31.80 FifthThirdBncp FITB 3.8 11 35.03 –0.71 .33 79.49 36.81 GlobalFoundries GFS ... 64 57.61 –2.57 ... 82.94 55.92 IndusRealty INDT 1.0 37 62.99 +2.65 .16 25.57 14.70 KaratPkg KRT ... 14 15.83 –2.94 ...
3.98 1.26 DiversifiedHlthcr DHC 3.0 1 1.32 –0.08 .01 34.43 24.41 FinInstitutions FISI 4.6 6 25.35 –0.48 .29 10.00 9.77 GlobalinkInvt GLLI ... dd 9.96 ... ... 9.42 1.75 IN8bio INAB ... dd 2.51 +0.04 ... 278.25 92.26 KarunaTherap KRTX ... dd 239.35 –9.64 ...
6.98 1.08 DixieGroup DXYN ... dd 1.18 –0.12 ... 10.03 9.75 FinStrategiesA FXCO ... 14 10.01 ... ... 0.31 0.08 GlobalinkInvtRt GLLIR ... ... .19 –0.01 ... 17.88 2.78 IO Biotech IOBT ... dd 3.14 +0.12 ... 14.73 4.00 KaryopharmTherap KPTI ... dd 5.04 –0.31 ...
67.88 15.19 dLocal DLO ... 85 25.06 –1.49 ... 0.28 0.07 FinStrategiesRt FXCOR ... ... .07 ... ... 2.50 0.51 GlycoMimetics GLYC ... dd .63 –0.10 ... 180.54 82.68 IPG Photonics IPGP ... 18 88.05 –4.13 ... 6.56 1.00 Katapult KPLT ... 26 1.14 –0.17 ...
89.50 25.09 Docebo DCBO ... dd 28.70 –2.85 ... 17.39 1.71 FinchTherap FNCH ... dd 2.46 –0.26 ... 23.69 11.73 Gogo GOGO ... 6 13.32 –0.39 ... 30.26 17.80 i3Verticals IIIV ... dd 20.05 –2.35 ... 13.89 10.59 KearnyFinancial KRNY 3.9 12 11.19 –0.12 .11
288.50 53.25 DocuSign DOCU ... dd 56.58 –7.46 ... 10.67 9.75 FinnovateAcqnA FNVT ... dd 10.06 +0.03 ... 17.59 3.92 Gogoro GGR ... dd 5.35 +1.02 ... 20.99 8.85 IVERICbio ISEE ... dd 17.62 –0.97 ... 23.00 14.33 KellyServices A KELYA 2.1 10 14.58 –0.74 .075
8.98 1.25 Dogness DOGZ ... 21 1.27 –0.12 ... 10.55 9.82 FintechEcoA FEXD ... cc 10.04 –0.09 ... 6.21 0.38 GoHealth GOCO ... dd .40 –0.02 ... 9.95 9.68 IXAcqnA IXAQ ... 19 9.92 +0.01 ... 26.64 15.00 KellyServices B KELYB 2.0 10 15.00 –0.49 .075
177.19 84.26 DollarTree DLTR ... 20 141.92 –2.53 ... 0.28 0.07 FintechEcoRt FEXDR ... ... .12 +0.05 ... 30.66 10.65 GolarLNG GLNG ... 7 26.21 –2.32 ... 58.50 47.17 IcahnEnterprises IEP 15.5 dd 51.77 +0.57 2.00 10.80 4.00 KemPharm KMPH ... dd 6.50 +0.32 ...
95.50 18.17 Domo DOMO ... dd 19.49 –2.21 ... 21.86 8.78 FinWiseBancorp FINW ... ... 10.11 –0.69 ... 59.96 36.32 GoldenEnt GDEN ... 12 38.40 –2.08 ... 51.98 21.08 Ichor ICHR ... 13 27.86 –1.83 ... 8.69 6.95 KY FirstFedBncp KFFB 5.4 39 7.47 –0.14 .10
17.13 13.09 DonegalGroup A DGICA 4.6 cc 14.26 –0.38 .165 24.60 11.68 FirstAdvantage FA ... 35 13.69 –1.12 ... 16.46 7.59 GoldenOcean GOGL32.2 3 8.84 –0.14 .60 7.63 0.35 iClickInteract ICLK ... dd .35 –0.05 ... 68.29 24.38 KerosTherap KROS ... dd 36.76 –2.21 ...
17.80 12.00 DonegalGroup B DGICB 4.2 cc 13.96 –1.85.1475 50.92 32.90 FirstBancorpNC FBNC 2.3 12 38.23 +0.96 .22 16.23 12.62 GolubCapital GBDC 8.9 11 13.54 –0.22 .30 313.00 196.34 Icon ICLR ... 81 204.49 –21.71 ... 41.31 32.44 KeurigDrPepper KDP 2.2 24 37.17 –1.52 .20
32.61 17.01 DorchesterMnls DMLP 6.9 10 27.95 –0.15.7539 36.80 26.97 FirstBancorp FNLC 4.8 8 28.10 –0.96 .34 48.05 5.59 GoodRx GDRX ... dd 6.01 –0.83 ... 39.81 3.87 Icosavax ICVX ... dd 3.87 –0.90 ... 20.48 12.07 KewauneeSci KEQU ... dd 18.50 +0.44 ...
122.96 83.09 DormanProducts DORM ... 19 85.68 +0.22 ... 42.89 26.95 FirstBancshares FBMS 2.5 10 30.44 –0.44 .19 24.89 10.33 Goodyear GT ... 4 12.86 –1.16 ... 27.02 6.43 iHeartMedia IHRT ... 18 10.26 –0.28 ... 6.94 4.24 KeyTronic KTCC ... 10 4.28 –0.22 ...
17.88 8.31 DoubleDown DDI ... 23 10.00 –0.11 ... 16.76 12.80 FirstBank FRBA 1.7 8 14.27 –1.00 .06 181.30 37.35 GooseheadIns GSHD ... cc 40.57 –13.58 ... 10.30 9.64 KeyarchAcqn KYCH ... ... 9.90 +0.04 ...
4.00 1.11 DouYuIntl DOYU ... dd 1.27 –0.32 ... 29.73 21.66 FirstBusey BUSE 3.9 12 23.46 +0.16 .23 12.14 5.25 GoPro GPRO ... 2 5.65 –0.28 ... 17.50 2.83 IkenaOncology IKNA ... dd 4.06 –1.19 ... 18.55 4.31 KezarLifeSci KZR ... dd 9.18 –0.61 ...
60.84 9.77 DraftKings DKNG ... dd 18.60 +0.97 ... 36.58 26.57 FirstBusFinSvcs FBIZ 2.3 8 34.79 +1.23.1975 9.90 9.60 GoresIX A GHIX ... ... 9.69 ... ... 453.92 173.45 Illumina ILMN ... dd 199.88 –10.47 ... 81.47 54.34 Kforce KFRC 2.0 14 59.59 –0.04 .30
23.09 9.60 DreamFinders DFH ... 6 11.23 –1.40 ... 947.71 598.01 FirstCitizBcshA FCNCA .2 15 826.59 –19.66 .47 15.20 5.64 GossamerBio GOSS ... dd 13.52 –0.55 ... 30.21 11.56 ImagoBioSci IMGO ... dd 16.40 –0.51 ... 30.61 16.66 KimballElec KE ... 15 19.18 –1.60 ...
35.45 24.62 DrivenBrands DRVN ... dd 32.26 –2.16 ... 36.73 26.51 FstCmntyBcsh FCBC 3.5 13 33.02 +1.44 .29 17.15 2.26 Grab GRAB ... 12 2.98 –0.17 ... 4.57 0.97 Imara IMRA ... dd 2.35 +0.26 ... 11.85 6.86 KimballIntl B KBAL 5.1 dd 7.00 –0.50 .09
31.55 19.07 Dropbox DBX ... 24 21.70 –1.05 ... 4.89 3.19 FirstEagleAltCap FCRD13.7 dd 3.22 –0.07 .11 15.00 1.68 GracellBiotech GRCL ... dd 2.15 –0.22 ... 8.17 0.80 iMediaBrands IMBI ... dd .86 –0.11 ... 45.50 29.05 Kinetik KNTK 7.8 dd 38.36 +1.17 .75
50.26 11.41 DuckCreekTech DCT ... dd 11.95 ... ... 26.83 18.75 FirstFinBncpOH FFBC 4.2 10 21.99 +0.12 .23 102.04 70.00 GrandCanyonEduc LOPE ... 15 85.09 +1.92 ... 9.78 4.28 Immersion IMMR ... 24 5.88 –0.15 ... 31.99 2.07 KingsoftCloud KC ... dd 2.08 –0.47 ...
17.25 7.05 DuluthHoldings DLTH ... 11 7.07 –0.74 ... 55.00 37.47 FirstFinBkshs FFIN 1.6 27 43.03 +0.13 .17 20.44 2.07 GraphiteBio GRPH ... dd 3.44 ... ... 33.25 3.74 Immuneering IMRX ... dd 12.28 +3.41 ... 15.25 7.36 KiniksaPharm KNSA ... dd 10.53 –0.39 ...
205.00 60.50 Duolingo DUOL ... dd 99.31 –0.24 ... 49.00 38.51 FirstFinIN THFF 2.3 10 46.46 +0.14 .54 3.79 0.72 GraybugVision GRAY ... dd 1.05 –0.02 ... 14.50 2.52 Immunic IMUX ... dd 3.91 –0.81 ... 26.05 7.18 KinnateBio KNTE ... dd 12.17 –2.09 ...
17.89 4.30 DyneTherap DYN ... dd 13.65 –1.26 ... 17.95 14.62 FirstFinNW FFNW 3.1 12 15.66 +0.72 .12 21.30 11.10 GreatElmCap GECC16.0 dd 11.22 –0.90 .45 10.88 2.60 ImmunityBio IBRX ... dd 6.06 +1.42 ... 27.22 2.98 Kirkland's KIRK ... dd 3.82 –0.49 ...
29.41 18.31 FirstFoundation FFWM 2.3 8 19.35 –0.20 .11 2.63 1.40 GreatElm GEG ... dd 2.34 +0.29 ... 61.32 18.43 Immunocore IMCR ... dd 44.02 –0.73 ... 27.50 2.50 Knightscope KSCP ... ... 2.94 +0.10 ...
E 29.65 17.18 FirstGuarBcshs FGBI 2.8 8 22.87 –0.28 .16 7.77 3.10 Immunogen IMGN ... dd 5.04 –0.42 ... 29.50 13.78 KnowBe4 KNBE ... cc 17.30 –2.38 ...
16.27 9.30 GreatLakesDredge GLDD ... 14 9.80 +0.01 ...
8.99 5.00 EDAP TMS EDAP ... cc 8.94 +0.72 ... 31.16 21.21 FirstHawaiian FHB 4.0 14 25.75 –0.64 .26 63.95 50.30 GreatSouthernBncp GSBC 2.6 11 60.45 +1.33 .40 7.05 3.51 ImmunoPrecise IPA ... dd 5.20 –0.45 ... 131.97 4.90 KodiakSciences KOD ... dd 9.11 –1.13 ...
10.38 9.98 EsgenAcqn ESACU ... ... 10.18 –0.01 ... 53.56 28.80 FirstInternetBncp INBK .7 8 36.17 +0.01 .06 44.27 26.09 GreenPlains GPRE ... dd 32.05 –6.05 ... 9.54 3.15 Immunovant IMVT ... dd 4.88 –0.12 ... 181.38 20.40 KornitDigital KRNT ... dd 28.33 –3.05 ...
10.75 9.85 EsgenAcqnA ESAC ... 21 10.13 +0.01 ... 45.33 32.40 FirstInterBanc FIBK 3.9 23 41.83 +1.26 .41 16.02 11.05 GreenPlainsPtrs GPP 13.8 8 13.00 –0.27 .45 5.00 1.80 Immutep IMMP ... dd 1.80 –0.09 ... 44.87 32.78 KraftHeinz KHC 4.6 28 34.71 –1.75 .40
21.61 14.79 ESSA Bancorp ESSA 2.9 11 20.61 +0.52 .15 46.12 34.07 FirstMerchants FRME 3.1 12 41.17 +0.61 .32 10.14 9.78 GreenVisorI A GVCI ... 19 10.12 –0.01 ... 15.24 5.72 ImpelPharm IMPL ... dd 6.61 –0.86 ... 23.67 11.69 KratosDefense KTOS ... dd 12.13 –0.48 ...
33.86 20.07 EVO Payments EVOP ... cc 33.23 –0.29 ... 45.84 33.35 FirstMidBcshs FMBH 2.7 9 34.64 +0.18 .23 43.89 2.02 GreenidgeGen GREE ... dd 2.15 –0.28 ... 99.00 39.74 Impinj PI ... dd 89.40 –2.20 ... 19.55 11.34 KrispyKreme DNUT 1.1 dd 12.20 –0.25 .035
24.74 18.69 EagleBncpMT EBMT 2.8 13 19.74 +0.36.1375 23.77 14.50 FirstNWBncp FNWB 1.8 10 15.90 –0.30 .07 54.60 2.15 Greenlane GNLN ... dd 2.15 –0.46 ... 100.00 50.50 InariMedical NARI ... dd 69.60 –7.67 ... 25.00 2.96 KronosBio KRON ... dd 4.57 –0.34 ...
78.75 36.21 EagleBulkShip EGLE20.4 2 43.07 –0.51 2.20 140.14 59.60 FirstSolar FSLR ... 77 135.81 –0.01 ... 15.80 1.55 GreenLightBio GRNA ... dd 1.78 –0.36 ... 90.00 3.26 Incannex IXHL ... dd 5.20 +0.48 ... 102.99 38.86 KrystalBiotech KRYS ... dd 68.52 –2.32 ...
58.25 27.91 EaglePharm EGRX ... 16 28.93 –2.38 ... 52.70 42.29 1stSource SRCE 2.6 10 48.33 +0.16 .32 8.35 6.51 GreenlightCapRe GLRE ... 16 7.91 –0.04 ... 10.35 9.71 InceptionGrowth IGTA ... dd 9.92 –0.01 ... 73.45 37.35 Kulicke&Soffa KLIC 1.7 5 40.84 –2.40 .17
22.72 0.67 Eargo EAR ... dd 1.56 –0.20 ... 24.50 16.55 FirstUnited FUNC 3.5 5 17.05 –0.73 .15 15.90 7.39 Grifols GRFS ... ... 8.45 –0.08 ... 0.27 0.08 InceptionGrowthRt IGTAR ... ... .09 +0.01 ... 21.19 10.41 KuraOncology KURA ... dd 13.20 –1.27 ...
93.51 61.65 EastWestBncp EWBC 2.2 11 72.67 –2.58 .40 25.46 11.57 FirstWatchRest FWRG ... cc 15.11 –3.38 ... 28.98 12.83 GrindrodShipping GRIN 14.4 6 23.40 –0.57 .84 84.86 61.91 Incyte INCY ... 16 68.83 –3.37 ... 96.60 30.95 KuraSushiUSA KRUS ... dd 71.14 –4.25 ...
22.35 17.98 EasternBankshares EBC 1.9 20 20.60 +0.28 .10 34.20 25.61 FirstWesternFin MYFW ... 13 25.78 –0.72 ... 14.42 1.71 Gritstone GRTS ... dd 3.52 –0.07 ... 93.52 69.05 IndependentBank INDB 2.6 21 78.86 +0.41 .51 69.12 13.15 KymeraTherap KYMR ... dd 25.91 –3.44 ...
28.32 18.63 Eastern EML 2.3 8 18.80 –0.85 .11 97.04 58.30 FirstCash FCFS 1.7 20 78.23 –1.76 .33 46.37 21.01 GroceryOutlet GO ... 64 35.71 –2.56 ... 26.00 17.87 IndepBankMI IBCP 4.4 7 19.99 –0.24 .22
2.43 0.37 EbangIntl EBON ... 18 .39 –0.10 ... 5.28 1.24 FirsthandTechVal SVVC ... dd 1.31 –0.18 ... 79.66 62.82 IndependentBank IBTX 2.2 14 68.36 +0.94 .38 L
31.15 8.78 Groupon GRPN ... dd 10.73 –0.58 ...
81.19 40.52 eBay EBAY 2.1 dd 42.00 –3.10 .22 202.78 112.64 FirstService FSV .7 43 120.74 –8.97.2025 10.30 9.60 GrowthforGoodA GFGD ... dd 9.85 +0.02 ... 28.66 6.40 IndLogistics ILPT .6 dd 6.80 –0.30 .01 10.19 9.72 LamfGlbI A LGVC ... dd 10.04 ... ...
44.42 12.50 Ebix EBIX 1.3 10 23.17 –0.50 .075 111.84 87.03 Fiserv FISV ... 34 103.61 –2.85 ... 0.25 0.07 GrowthforGoodRt GFGDR ... ... .11 ... ... 10.06 9.83 IndlTechII A ITAQ ... 68 10.06 +0.05 ... 10.07 9.83 LavaMedtech LVAC ... 7 10.04 +0.05 ...
30.90 16.68 EchoStar SATS ... 23 16.82 –0.72 ... 221.00 109.49 FiveBelow FIVE ... 32 136.85 –5.81 ... 63.06 44.86 GrAeroportuario OMAB 6.8 16 55.33 +0.11.4944 9.86 4.67 Infinera INFN ... dd 4.94 –0.39 ... 8.38 2.28 LavaTherap LVTX ... ... 2.42 –0.08 ...
22.98 5.41 EdgewiseTherap EWTX ... dd 9.58 –2.84 ... 49.50 11.50 5EAdvMatls FEAM ... ... 15.31 –1.29 ... 44.60 33.09 GuarantyBcshrs GNTY 2.5 11 35.12 –0.15 .22 3.77 0.46 InfinityPharm INFI ... dd 1.34 –0.15 ... 10.09 9.86 LFCapAcqnIIA LFAC ... dd 10.05 –0.01 ...
5.55 1.95 Edgio EGIO ... dd 3.14 –0.26 ... 176.49 80.52 Five9 FIVN ... dd 81.78 –9.67 ... 132.87 27.65 GuardantHealth GH ... dd 56.08 –3.20 ... 5.69 0.78 InflaRx IFRX ... dd 2.70 –0.14 ... 160.59 71.73 LGI Homes LGIH ... 5 86.47 –8.10 ...
63.54 9.59 EditasMedicine EDIT ... dd 14.44 –1.40 ... 33.98 21.91 FiveStarBncp FSBC 2.2 11 26.99 –1.08 .15 4.62 3.10 GulfIslandFab GIFI ... dd 4.25 –0.05 ... 9.70 5.12 InfoSvcsGrp III 3.0 15 5.29 –0.26 .04 170.32 108.42 LHC Group LHCG ... 69 162.75 –0.82 ...
10.40 2.71 EducDev EDUC14.2 5 2.81 –0.19 .10 19.63 13.63 Flex FLEX ... 9 17.74 –1.62 ... 6.76 3.30 Gulf Resources GURE ... 5 3.68 –0.44 ... 102.88 63.21 InglesMarkets IMKTA .8 6 83.33 –8.15 .165 10.31 9.85 LIVCapAcqnII A LIVB ... ... 10.05 +0.04 ...
27.57 5.63 EHang EH ... dd 5.85 –0.45 ... 36.77 14.88 Flexsteel FLXS 3.8 61 15.59 –0.89 .15 47.90 7.67 Inhibrx INBX ... dd 14.46 –1.26 ... 60.43 42.36 LKQ LKQ 2.1 12 48.72 –4.93 .25
47.21 4.52 eHealth EHTH ... dd 5.47 +0.32 ... 39.40 4.96 FluenceEnergy FLNC ... dd 18.24 –0.46 ... H 99.27 20.60 InMode INMD ... 16 31.19 –2.02 ... 235.48 139.84 LPL Financial LPLA .4 37 229.91 –1.35 .25
10.02 3.53 EigerBioPharma EIGR ... dd 7.25 +0.54 ... 2.73 1.05 Fluent FLNT ... dd 1.45 –0.09 ... 50.69 26.12 H&E Equipment HEES 3.6 13 30.45 –2.55 .275 11.95 2.00 InnatePharma IPHA ... dd 3.07 +0.54 ... 8.93 5.41 LSI Inds LYTS 2.5 15 7.85 –0.30 .05
10.40 9.65 8iAcqn2 LAX ... dd 9.98 ... ... 25.95 19.88 FlushingFin FFIC 4.2 7 20.75 –0.03 .22 19.99 14.19 HBT Finl HBT 3.7 9 17.52 –0.84 .16 11.25 3.10 Innodata INOD ... dd 3.16 –0.24 ... 15.25 12.98 LakeShoreBancorp LSBK 5.4 12 13.31 +0.09 .18
21.47 2.00 89bio ETNB ... dd 6.30 +1.52 ... 57.41 14.56 Flywire FLYW ... dd 24.04 –2.63 ... 10.10 9.87 HCM Acqn A HCMA ... 32 10.07 +0.02 ... 106.87 81.00 Innospec IOSP 1.4 19 87.56 –2.95 .63 20.69 13.91 LakelandBcp LBAI 3.5 11 16.52 +0.09 .145
17.70 8.15 ElPolloLoco LOCO ... 13 9.14 ... ... 69.13 30.88 FocusFinPtrs FOCS ... 33 35.93 –3.62 ... 7.05 1.76 HCW Biologics HCWB ... dd 2.44 –0.30 ... 14.23 3.39 InnovAge INNV ... dd 5.53 +1.74 ... 85.71 62.44 LakelandFin LKFN 2.1 20 77.41 +1.55 .40
244.80 142.20 ElbitSystems ESLT 1.0 38 197.76 –3.63 .50 10.44 9.68 FocusImpact FIAC ... 25 9.98 +0.03 ... 25.98 21.87 HMN Fin HMNF 1.0 11 23.65 +0.95 .06 10.61 9.87 InnovativeIntlA IOAC ... dd 10.14 +0.03 ... 22.21 11.15 LakelandInd LAKE ... 20 11.27 –0.73 ...
146.72 109.24 ElectronicArts EA .6 39 121.74 –7.19 .19 16.50 5.90 FocusUniversal FCUV ... dd 10.32 –0.11 ... 6.82 1.23 Hookipa HOOK ... dd 1.48 +0.15 ... 9.90 5.77 InnovSolSuprt ISSC ... 28 8.78 –0.22 ... 10.04 9.89 LakeshoreAcqnII LBBB ... ... 10.03 +0.01 ...
10.97 1.02 ElevationOnc ELEV ... dd 1.14 –0.06 ... 24.34 8.01 FoghornTherap FHTX ... dd 8.60 –1.66 ... 39.43 8.40 HUTCHMED(China) HCM ... ... 12.10 –1.87 ... 20.71 12.28 Innoviva INVA ... 10 12.50 –0.73 ... 0.35 0.05 LakeshoreII Rt LBBBR ... ... .16 +0.08 ...
24.28 2.52 EliemTherap ELYM ... dd 3.28 +0.18 ... 10.09 9.86 ForbionEuroA FRBN ... dd 10.09 +0.01 ... 51.15 21.98 H World HTHT .0 dd 35.55 –0.48 .21 49.65 22.51 Inogen INGN ... dd 26.96 –0.43 ... 731.85 375.87 LamResearch LRCX 1.7 12 409.22 –41.561.725
209.80 7.01 EmbarkTech EMBK ... dd 9.47 –0.61 ... 25.21 4.95 FormaTherap FMTX ... dd 19.96 +0.04 ... 24.78 16.92 HackettGroup HCKT 2.4 13 18.66 –1.25 .11 8.15 1.38 InovioPharma INO ... dd 1.93 –0.29 ... 124.32 83.96 LamarAdv LAMR 5.2 21 92.71 –5.56 1.20
63.00 23.62 Embecta EMBC 1.9 5 31.61 –0.78 .15 47.48 26.38 FormFactor FORM ... 20 26.98 –1.64 ... 37.29 9.28 HailiangEduc HLG ... 11 14.30 +0.05 ... 14.87 2.87 InozymePharma INZY ... dd 3.92 +0.78 ... 177.07 116.85 LancasterColony LANC 1.9 52 168.01 –4.57 .80
8.73 1.95 Emcore EMKR ... dd 2.02 –0.23 ... 142.00 83.44 FormulaSys FORTY 1.2 19 93.05 –2.48.7908 48.88 18.15 HainCelestial HAIN ... 22 18.30 –1.93 ... 7.98 1.74 Inseego INSG ... dd 2.52 –0.07 ... 12.04 7.65 Landec LNDC ... dd 9.67 –0.48 ...
10.04 9.75 EM Horizon A HORI ... ... 10.00 +0.03 ... 60.90 37.45 ForresterRes FORR ... 24 37.79 –2.87 ... 4.72 1.14 HallmarkFin HALL ... dd 1.25 ... ... 111.02 81.37 InsightEnt NSIT ... 12 84.54 –1.39 ... 30.00 24.16 LandmarkBncp LARK 3.2 10 26.48 +1.08 .21
27.68 18.76 Enact ACT 2.4 6 23.12 –1.91 .14 74.35 47.37 Fortinet FTNT ... 62 50.42 –3.17 ... 52.98 31.36 HalozymeTherap HALO ... 17 41.97 +0.57 ... 34.44 16.41 Insmed INSM ... dd 23.61 –1.22 ... 16.17 0.55 LandosBio LABP ... dd .90 –0.14 ...
102.00 37.59 EnantaPharma ENTA ... dd 55.80 –8.24 ... 25.77 14.29 FortressTransport FTAI 7.8 dd 17.01 –0.93 .33 116.00 61.38 HamiltonLane HLNE 2.3 17 69.64 –2.97 .40 108.00 2.58 Inspirato ISPO ... dd 2.64 –0.26 ... 188.63 137.15 LandstarSystem LSTR .9 12 141.01 –5.68 .30
72.73 46.89 EncoreCapital ECPG ... 4 49.93 –2.52 ... 10.64 9.88 FortuneRiseA FRLA ... dd 10.14 –0.05 ... 59.82 41.62 HancockWhitney HWC 2.2 9 49.89 –0.18 .27 23.68 3.90 InstilBio TIL ... dd 5.23 –1.04 ... 87.47 22.20 Lantheus LNTH ... cc 79.51 –5.54 ...
151.64 82.00 EncoreWire WIRE .1 3 118.21 –9.13 .02 125.71 80.56 ForwardAir FWRD 1.0 15 91.52 –6.47 .24 28.84 17.66 HanmiFinancial HAFC 4.1 7 24.59 –0.06 .25 324.81 181.00 Insulet PODD ... cc 255.00 –13.91 ... 14.27 5.64 Largo LGO ... 14 5.67 –1.06 ...
10.15 9.87 EnergemA ENCP ... ... 10.13 ... ... 20.00 3.28 Fossil FOSL ... 22 4.06 +0.21 ... 24.68 19.07 HanoverBancorp HNVR 1.9 5 20.58 –0.17 .10 33.07 13.52 Intapp INTA ... dd 16.61 –0.44 ... 13.78 1.53 LarimarTherap LRMR ... dd 3.20 –0.08 ...
26.20 16.92 EnergyRecovery ERII ... cc 24.44 –1.58 ... 17.48 10.98 FosterLB FSTR ... 49 10.98 –0.93 ... 15.45 12.99 HarborOneBncp HONE 2.0 14 13.84 ... .07 74.98 45.46 IntegraLifeSci IART ... 23 45.55 –4.04 ... 10.30 9.80 LarkspurHlthA LSPR ... dd 9.97 –0.03 ...
39.48 7.26 Enovix ENVX ... dd 21.74 +0.68 ... 36.14 5.32 4D Molecular FDMT ... dd 8.85 –0.21 ... 12.22 8.25 Harmonic HLIT ... 38 11.88 +0.88 ... 10.77 9.71 IntegralAcqnCorp.1 INTE ... dd 9.92 ... ... 10.51 9.88 LatAmGrowthA LATG ... 15 10.07 ... ...
324.84 113.40 EnphaseEnergy ENPH ... cc 318.01 +12.31 ... 44.95 31.33 FoxA FOXA 1.5 16 33.67 –0.85 .25 57.13 31.54 HarmonyBio HRMY ... 46 43.84 –3.17 ... 29.68 7.36 IntegralAd IAS ... dd 7.60 –0.99 ... 14.58 0.86 Latch LTCH ... dd 1.29 –0.10 ...
94.25 68.29 EnsignGroup ENSG .3 24 84.77 –2.35 .055 40.91 28.96 FoxB FOX 1.6 15 31.19 –0.78 .25 9.10 1.45 HarpoonTherap HARP ... dd 1.49 –0.17 ... 56.28 28.42 Intel INTC 5.0 6 29.24 –2.22 .365 27.25 4.85 Latham SWIM ... dd 4.86 –0.59 ...
286.89 185.10 EnstarGroup ESGR ... dd 201.73 +7.79 ... 190.29 69.28 FoxFactory FOXF ... 19 83.95 –10.51 ... 12.99 5.40 HarrowHealth HROW ... dd 8.99 –0.09 ... 158.84 37.08 IntelliaTherap NTLA ... dd 65.71 +1.27 ... 85.45 43.41 LatticeSemi LSCC ... 54 51.69 –3.59 ...
158.00 85.92 Entegris ENTG .4 27 92.80 –10.51 .10 55.10 29.66 Franchise FRG 7.9 4 31.68 –5.01 .625 17.88 5.15 Harte-Hanks HHS ... 8 12.16 –2.84 ... 9.68 1.33 Intellicheck IDN ... dd 2.76 –0.23 ... 19.02 9.41 LaureateEduc LAUR .0 dd 11.51 +0.36 .83
46.48 29.58 EnterpriseBncp EBTC 2.7 9 29.90 –1.99 .205 96.95 68.27 FranklinElec FELE .9 22 83.54 –5.09 .195 8.23 2.89 HarvardBioSci HBIO ... dd 2.97 –0.19 ... 10.93 9.86 IntelligentMedA IQMD ... ... 10.06 +0.01 ... 11.58 1.17 Leafly LFLY ... dd 1.17 –0.35 ...
51.50 39.64 EnterpriseFinSvcs EFSC 2.0 11 46.53 –0.03 .23 4.05 0.65 FreelineTherap FRLN ... dd .84 –0.01 ... 105.73 75.35 Hasbro HAS 3.7 20 75.80 –5.65 .70 4.63 2.10 Inter INTR ... ... 4.03 –0.08 ... 4.17 0.92 LeapTherap LPTX ... dd 1.09 –0.60 ...
10.95 9.80 Ent4.0TechAcqnA ENTF ... ... 10.06 ... ... 6.90 3.06 FreightCarAmer RAIL ... dd 4.02 –0.16 ... 102.95 25.51 HashiCorp HCP ... dd 30.07 –0.63 ... 108.35 64.52 InterParfums IPAR 2.5 25 78.93 –2.84 .50 44.43 17.24 LeeEnterprises LEE ... 11 18.37 –0.53 ...
4.74 1.11 EnthusiastGaming EGLX ... dd 1.21 –0.06 ... 11.33 5.30 FrequencyElec FEIM ... dd 5.74 –0.45 ... 24.27 12.76 HawaiianHoldings HA ... dd 15.11 –0.56 ... 82.83 52.18 InteractiveBrkrs IBKR .6 26 67.72 –1.37 .10 28.84 11.96 LegacyHousing LEGH ... 8 17.68 +0.86 ...
36.85 5.12 EntradaTherap TRDA ... dd 13.91 –1.01 ... 7.88 1.00 FrequencyTherap FREQ ... dd 2.05 –0.09 ... 48.12 32.44 Hawkins HWKN 1.5 15 37.93 –0.25 .14 21.25 10.81 InterceptPharm ICPT ... dd 17.60 +0.60 ... 36.43 8.64 LegalZoom LZ ... dd 9.79 –1.69 ...
69.74 42.33 ePlus PLUS ... 11 43.53 –3.34 ... 159.67 36.02 Freshpet FRPT ... dd 40.80 +1.29 ... 26.60 20.92 HawthornBcsh HWBK 2.9 7 23.73 +0.42 .17 8.77 4.29 Intercure INCR ... 27 4.33 –0.44 ... 10.15 9.73 LegatoMergerII LGTO ... dd 9.95 +0.01 ...
7.99 4.88 EpsilonEnergy EPSN 3.6 6 6.95 +0.01.0625 53.36 10.51 FreshworksA FRSH ... dd 14.78 +0.31 ... 49.76 29.00 HaynesIntl HAYN 2.3 15 37.81 –2.75 .22 74.27 44.73 InterDigital IDCC 3.1 16 45.82 –1.99 .35 58.00 30.76 LegendBiotech LEGN ... dd 42.79 –1.72 ...
9.99 2.63 EQRx EQRX ... dd 4.60 –0.74 ... 46.69 20.30 Frontdoor FTDR ... 16 22.00 –2.08 ... 57.19 10.21 HealthCatalyst HCAT ... dd 10.32 –1.22 ... 18.03 9.50 Interface TILE .4 9 9.82 –0.77 .01 58.66 38.32 LeMaitreVascular LMAT 1.0 49 49.44 –1.96 .125
48 BARRON’S September 19, 2022

D ATA NASDAQ ISSUES B A R R ON S .C OM / D ATA

52-Week Tick Div 52-Week Tick Div 52-Week Tick Div 52-Week Tick Div 52-Week Tick Div
High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt.
164.69 28.64 LendingTree TREE ... 19 32.18 –3.86 ... 7.28 2.14 Mesoblast MESO ... dd 3.25 +0.21 ... 24.00 5.46 Novonix NVX ... dd 5.75 –0.76 ... 4.69 1.85 PerformantFin PFMT ... dd 1.90 –0.32 ... 10.03 9.78 RedwoodsAcqn RWOD ... ... 9.89 –0.01 ...
6.97 3.42 LesakaTech LSAK ... dd 3.50 –1.67 ... 371.41 144.29 MetaPlatforms META ... 12 146.29 –22.86 ... 3.32 0.52 NuCana NCNA ... dd 1.50 –0.08 ... 33.09 16.41 PerionNetwork PERI ... 15 21.32 –0.59 ... 0.15 0.07 RedwoodsAcqnRt RWODR ... ... .10 ... ...
24.40 13.47 Leslie's LESL ... 18 13.88 –1.11 ... 10.45 9.80 MetalSkyStar MSSA ... ... 9.92 –0.05 ... 37.09 7.52 NurixTherap NRIX ... dd 15.56 –0.31 ... 15.70 7.05 Perma-PipeIntl PPIH ... 18 9.49 +0.34 ... 78.78 55.78 RegencyCtrs REG 4.2 21 58.99 –3.29 .625
6.33 1.31 LexiconPharm LXRX ... dd 2.63 –0.27 ... 0.20 0.06 MetalSkyStarRt MSSAR ... ... .07 ... ... 42.69 13.44 Nutanix NTNX ... dd 23.12 +0.04 ... 23.04 3.02 Personalis PSNL ... dd 3.53 +0.10 ... 754.67 538.01 RegenPharm REGN ... 14 710.30 –14.02 ...
6.48 1.67 LexinFintech LX ... 2 1.85 –0.07 ... 56.79 32.53 Methanex MEOH 2.1 5 32.98 –3.52 .175 38.17 7.09 Nuvalent NUVL ... dd 17.68 +0.09 ... 26.21 12.88 PetcoHealth WOOF ... 32 14.41 –1.09 ... 10.08 9.94 RelativityAcqnA RACY ... 65 10.06 +0.05 ...
41.49 16.86 LiAuto LI ... dd 24.09 –2.24 ... 29.82 18.61 MetroCityBkshs MCBS 3.0 7 19.96 –0.12 .15 64.43 41.33 Nuvasive NUVA ... dd 46.84 +0.19 ... 27.09 8.60 PetIQ PETQ ... dd 9.74 –1.36 ... 38.15 12.65 RelayTherap RLAY ... dd 23.42 –5.59 ...
16.37 2.10 LianBio LIAN ... dd 2.29 –0.33 ... 90.00 54.33 MicrochipTech MCHP 1.8 24 65.70 –1.26 .301 140.23 27.93 Nuvei NVEI ... 61 31.53 –0.46 ... 32.67 19.09 PetMedExpress PETS 5.7 22 21.11 +0.01 .30 34.48 15.74 RelmadaTherap RLMD ... dd 34.07 +2.18 ...
177.20 90.24 LibertyBroadbandA LBRDA ... 11 91.55 –6.62 ... 98.45 51.40 MicronTech MU .8 6 52.85 –4.59 .115 346.47 126.17 NVIDIA NVDA .1 43 131.98 –11.89 .04 12.98 6.10 Pharming PHAR ... 38 11.16 –1.24 ... 53.65 6.66 RemitlyGlobal RELY ... dd 10.88 –0.87 ...
179.49 90.43 LibertyBroadbandC LBRDK ... 11 91.33 –7.60 ... 349.67 241.51 Microsoft MSFT 1.0 25 244.74 –19.72 .62 31.62 7.00 Nyxoah NYXH ... ... 7.00 –0.55 ... 27.50 8.55 Pharvaris PHVS ... ... 9.12 –0.20 ... 27.83 1.37 Renalytix RNLX ... dd 1.44 –0.28 ...
30.58 18.12 LibertyGlobal A LBTYA ... 2 18.12 –1.47 ... 891.38 134.09 MicroStrategy MSTR ... dd 206.34 –55.63 ... O 4.10 0.50 PhaseBioPharm PHAS ... dd 1.00 –0.10 ... 40.79 27.61 Renasant RNST 2.6 13 33.59 +0.10 .22
30.85 18.25 LibertyGlobal B LBTYB ... 2 18.25 –1.13 ... 11.29 2.00 Microvast MVST ... dd 2.24 –0.29 ... 36.09 6.10 PhathomPharm PHAT ... dd 10.38 +1.10 ... 10.00 1.92 ReneoPharm RPHM ... dd 4.16 +0.24 ...
30.49 19.18 LibertyGlobal C LBTYK ... 3 19.25 –1.44 ... 12.86 2.50 MicroVision MVIS ... dd 4.16 –0.35 ... 48.00 28.85 ODP ODP ... dd 36.37 –0.22 ... 43.50 32.61 Phenixfin PFX .0 dd 36.76 –0.25 .121 12.30 5.06 ReNewEnergy RNW ... dd 6.99 –0.14 ...
14.03 6.35 LibertyLatAmA LILA ... dd 6.78 –0.19 ... 33.89 24.81 MidPennBancorp MPB 2.7 12 29.74 +0.35 .20 14.86 9.71 OP Bancorp OPBK 4.2 5 11.36 –0.14 .12 22.96 13.94 PhibroAnimal PAHC 3.3 12 14.47 –0.62 .12 63.20 18.88 Rent-A-Center RCII 5.6 34 24.15 –2.25 .34
13.88 6.34 LibertyLatAmC LILAK ... dd 6.78 –0.17 ... 13.99 10.01 MidCapFin MFIC 10.2 14 12.57 –0.44 .32 5.25 1.96 OPKO Health OPK ... dd 2.05 –0.16 ... 36.35 28.82 PhillipsEdison PECO 3.5 cc 31.86 –1.89.0933 24.77 2.65 RenttheRunway RENT ... dd 2.90 –1.58 ...
64.70 44.19 LibertyFormOne A FWONA ... dd 56.76 –2.74 ... 201.34 120.30 Middleby MIDD ... 16 134.24 –16.57 ... 9.93 9.70 OPYAcqnIA OHAA ... dd 9.88 ... ... 11.76 9.71 PhoenixBiotech PBAX ... dd 10.07 +0.01 ... 32.31 8.07 RepareTherap RPTX ... dd 12.52 –0.23 ...
71.17 48.51 LibertyFormOne C FWONK ... dd 62.76 –2.71 ... 121.43 75.77 MiddlesexWater MSEX 1.3 40 89.07 +0.69 .29 750.88 562.90 OReillyAuto ORLY ... 22 693.51 –27.51 ... 25.81 12.18 Photronics PLAB ... 9 15.54 –0.36 ... 327.32 137.21 Repligen RGEN ... 80 221.32 –12.25 ...
32.69 24.50 LibertyBraves A BATRA ... 59 29.56 –0.23 ... 30.60 22.50 MidlandStBncp MSBI 4.6 7 24.96 –0.46 .29 103.17 75.67 OSI Systems OSIS ... 12 77.54 –1.73 ... 34.66 20.23 PilgrimPride PPC ... 8 25.40 –2.17 ... 35.93 13.05 Replimune REPL ... dd 16.48 –1.88 ...
31.27 23.34 LibertyBraves C BATRK ... 57 28.47 –0.24 ... 34.65 27.44 MidWestOneFin MOFG 3.1 8 30.31 –0.23.2375 6.75 2.85 O2MicroIntl OIIM ... 3 3.03 –0.22 ... 104.30 23.21 Pinduoduo PDD ... 31 65.67 –4.09 ... 57.62 39.71 RepublicBcpKYA RBCAA 3.4 8 39.91 –1.39 .341
56.26 34.40 LibertySirius A LSXMA ... 15 40.71 –1.86 ... 9.70 3.98 MilestonePharm MIST ... dd 8.99 +0.28 ... 7.81 6.20 OaktreeSpec OCSL 9.9 22 6.59 –0.34 .17 111.31 67.86 PinnacleFinPtrs PNFP 1.1 12 82.13 –0.79 .22 5.67 2.58 RepublicFirstBncp FRBK ... 10 3.10 +0.34 ...
58.13 36.50 LibertySirius B LSXMB ... 15 40.64 –1.85 ... 42.84 23.72 MillerKnoll MLKN 3.1 dd 23.83 –3.49.1875 17.16 2.75 Oatly OTLY ... dd 2.99 –0.28 ... 7.10 0.74 PintecTech PT ... dd .76 –0.14 ... 10.84 5.33 ReservoirMedia RSVR ... 26 6.08 –0.98 ...
56.19 34.34 LibertySirius C LSXMK ... 15 40.40 –1.93 ... 37.25 12.19 MillicomIntl TIGO ... 2 12.46 –0.70 ... 3.35 0.16 ObsEva OBSV ... dd .16 –0.01 ... 5.95 1.68 Pixelworks PXLW ... dd 1.71 –0.15 ... 23.18 14.38 ResourcesConnect RGP 3.0 9 18.96 –0.54 .14
10.10 9.78 LibertyRscsA LIBY ... dd 10.02 +0.01 ... 3.41 2.20 Mind CTI MNDO 11.2 8 2.33 ... .26 24.25 18.24 OceanFirstFin OCFC 4.0 12 20.00 +0.36 .20 12.57 8.64 PlainsAllAmPipe PAA 7.3 14 11.85 –0.10.2175 20.09 15.07 RetailOppor ROIC 3.7 37 16.03 –1.18 .15
93.67 8.43 LibertyTripAdvB LTRPB ... 14 29.00 –7.43 ... 10.37 1.01 MinervaSurgical UTRS ... dd 1.01 –0.39 ... 12.50 2.91 OcularTherapeutix OCUL ... dd 5.87 –0.11 ... 13.02 9.24 PlainsGP PAGP 7.1 21 12.31 –0.21.2175 31.40 2.46 ReunionNeuro REUN .0 dd 2.46 –0.42 .017
3.78 0.61 LibertyTripAdvA LTRPA ... 1 1.33 –0.08 ... 195.99 32.96 MiratiTherap MRTX ... dd 79.57 –5.20 ... 28.49 16.96 OfficePropIncm OPI 12.6 dd 17.48 –0.54 .55 9.81 6.00 PlayaHotels PLYA ... 17 6.17 –0.32 ... 30.00 11.27 RevanceTherap RVNC ... dd 25.94 –2.53 ...
7.58 1.80 LifeMD LFMD ... dd 2.30 –0.27 ... 30.55 12.82 MirumPharm MIRM ... dd 23.48 –1.67 ... 32.49 26.29 OhioValleyBanc OVBC 2.8 13 30.30 +1.95 .21 6.60 3.24 Playstudios MYPS ... dd 3.39 –0.19 ... 10.35 9.70 RevelstoneCapA RCAC ... ... 9.89 +0.05 ...
16.25 4.77 LifeStanceHealth LFST ... dd 8.65 –0.58 ... 5.50 0.09 Missfresh MF ... dd .11 –0.01 ... 272.27 58.12 Okta OKTA ... dd 59.01 –5.69 ... 30.00 9.95 Playtika PLTK ... 14 10.09 –1.41 ... 34.16 14.08 RevolutionMed RVMD ... dd 20.22 –1.40 ...
19.60 7.93 LifetimeBrands LCUT 2.0 21 8.35 –0.14.0425 20.79 11.04 MissionProduce AVO ... 45 15.47 –0.11 ... 30.41 11.40 Olaplex OLPX ... 29 11.67 –0.89 ... 99.12 72.88 Plexus PLXS ... 21 89.96 –3.19 ... 32.29 24.54 ReynoldsCnsmr REYN 3.3 21 27.80 –0.55 .23
9.00 4.55 LifewayFoods LWAY ... 86 5.96 –0.22 ... 458.50 115.61 Moderna MRNA ... 4 137.74 –4.54 ... 373.58 231.31 OldDomFreight ODFL .5 24 254.03 –14.76 .30 24.81 3.97 PliantTherap PLRX ... dd 22.45 +0.22 ... 30.98 3.04 RhythmPharm RYTM ... dd 24.23 +0.93 ...
169.98 72.57 LigandPharm LGND ... dd 87.85 –8.25 ... 191.24 80.55 ModivCare MODV ... dd 108.57 –3.00 ... 20.81 14.22 OldNatlBncp ONB 3.3 17 16.94 –0.08 .14 8.57 1.06 PolyPid PYPD ... dd 1.24 +0.16 ... 6.50 2.57 RibbonComms RBBN ... dd 2.91 –0.32 ...
90.20 41.48 Light&Wonder LNW ... dd 48.72 –2.02 ... 32.04 5.50 MolecularPtrs MOLN ... 2 6.39 +0.33 ... 15.68 11.73 Old2ndBcp OSBC 1.5 25 13.69 –0.03 .05 11.29 9.05 PonceFinl PDLB ... 18 9.55 +0.15 ... 18.11 8.90 RichardsonElec RELL 1.6 11 14.77 –1.23 .06
11.66 2.05 Lilium LILM ... ... 2.20 –0.08 ... 8.29 0.65 MolecularTemp MTEM ... dd .74 –0.10 ... 32.19 2.00 OlemaPharm OLMA ... dd 3.77 –0.45 ... 582.27 322.88 Pool POOL 1.2 17 331.63 –24.33 1.00 3.96 0.64 RigelPharm RIGL ... dd 1.24 –0.19 ...
16.71 10.44 Limoneira LMNR 2.3 dd 13.10 –0.26 .075 25.00 6.51 Momentive MNTV ... dd 7.00 –0.26 ... 35.00 8.39 OlinkHolding OLK ... dd 14.94 –0.56 ... 4.33 0.72 PopCulture CPOP ... 11 1.15 –0.07 ... 11.52 4.19 RiminiStreet RMNI ... 7 4.91 –0.03 ...
8.20 4.94 LincolnEduc LINC ... 7 6.05 –0.69 ... 12.80 1.50 Momentus MNTS ... dd 1.57 –0.17 ... 75.27 37.67 Ollie'sBargain OLLI ... 39 57.71 –0.59 ... 99.49 70.00 Popular BPOP 2.8 7 78.18 –1.90 .55 8.22 6.08 RiverviewBncp RVSB 3.6 7 6.65 –0.20 .06
148.54 118.17 LincolnElectric LECO ... 22 134.03 –5.74 ... 94.26 54.01 MonarchCasino MCRI ... 14 59.02 –2.65 ... 43.18 19.92 OlympicSteel ZEUS 1.4 2 25.04 –2.17 .09 57.73 14.84 Portillo's PTLO ... dd 23.04 –0.81 ... 179.47 19.25 Rivian RIVN ... dd 39.26 +1.71 ...
11.06 9.79 LionheartIII A LION ... dd 10.07 +0.02 ... 450.00 85.75 monday.com MNDY ... dd 133.27 +2.93 ... 161.39 97.16 OmegaFlex OFLX 1.2 44 106.70 –4.41 .32 25.97 21.33 PortmanRidge PTMN11.4 65 22.03 –0.43 .63 47.84 6.81 Robinhood HOOD ... dd 10.25 –0.35 ...
28.73 11.39 LiquiditySvcs LQDT ... 9 16.40 +0.60 ... 16.98 6.80 Mondee MOND ... dd 10.60 –2.47 ... 31.41 1.98 OmegaTherap OMGA ... dd 5.87 –0.14 ... 8.34 1.82 PoseidaTherap PSTX ... dd 3.55 –0.14 ... 36.87 7.57 RocketPharm RCKT ... dd 13.99 –2.03 ...
334.84 209.86 Littelfuse LFUS 1.1 15 211.66 –19.89 .60 69.47 57.63 Mondelez MDLZ 2.6 22 60.30 –1.03 .385 16.30 1.86 Omeros OMER ... dd 3.51 –1.84 ... 27.34 8.97 Poshmark POSH ... dd 13.86 +0.93 ... 56.96 23.50 RockyBrands RCKY 2.6 9 24.22 –2.90 .155
93.89 53.28 LivaNova LIVN ... dd 54.99 –2.73 ... 10.87 5.06 MoneyGram MGI ... dd 10.40 –0.05 ... 187.29 94.78 Omnicell OMCL ... 76 95.27 –10.08 ... 7.22 4.83 Potbelly PBPB ... dd 5.05 –0.60 ... 10.36 5.48 RockyMtnChoc RMCF ... dd 6.51 +0.11 ...
99.89 30.24 LiveOakBcshs LOB .3 8 34.99 –0.62 .03 590.00 213.39 MongoDB MDB ... dd 220.58 –48.06 ... 10.07 9.84 OmniLitAcqnA OLIT ... dd 10.05 –0.01 ... 61.51 43.30 PotlatchDelt PCH 4.0 8 43.54 –4.03 .44 16.76 2.52 RoivantSciences ROIV ... dd 3.25 –0.36 ...
68.82 10.27 LivePerson LPSN ... dd 11.01 –1.30 ... 580.00 348.02 MonolithicPower MPWR .7 60 417.96 –29.24 .75 76.78 41.88 ON Semi ON ... 18 68.94 –2.73 ... 31.81 18.81 PowellIndustries POWL 4.5 33 22.97 –0.54 .26 350.60 62.00 Roku ROKU ... dd 71.35 –0.20 ...
7.06 1.40 LiveVox LVOX ... dd 2.44 +0.28 ... 64.72 37.49 Monro MNRO 2.5 26 44.88 –2.16 .28 4.28 0.68 Oncocyte OCX ... dd .89 +0.02 ... 10.47 9.70 Pwr&Digital II A XPDB ... dd 9.83 –0.03 ... 118.08 9.60 Root ROOT ... dd 9.60 –2.10 ...
10.20 1.82 LixiangEduc LXEH ... ... 3.63 +0.53 ... 99.81 71.78 MonsterBev MNST ... 38 87.24 –5.19 ... 11.81 0.98 Oncorus ONCR ... dd 1.13 –0.12 ... 110.43 65.69 PowerIntegrations POWI 1.0 22 68.86 –1.34 .18 10.61 9.77 RoseHillAcqn ROSE ... 24 10.14 +0.01 ...
3.81 0.84 Lizhi LIZI ... 45 .86 –0.03 ... 34.26 6.05 MonteRosaTherap GLUE ... dd 7.17 –1.89 ... 35.72 5.95 1-800-FLOWERS FLWS ... 14 6.10 –0.73 ... 7.24 2.06 PowerFleet PWFL ... dd 3.14 +0.07 ... 123.36 69.24 RossStores ROST 1.4 21 90.25 –3.26 .31
26.50 14.43 LoganRidgeFin LRFC ... dd 19.98 +0.01 ... 10.10 9.85 MontereyBioAcqn MTRY ... dd 10.09 +0.01 ... 7.90 5.83 180DegreeCap TURN ... dd 5.94 –0.10 ... 10.50 9.94 PowerUpAcqn PWUP ... ... 10.10 +0.01 ... 10.64 9.67 RothCHAcqnV ROCL ... dd 9.93 ... ...
5.15 0.34 LogicBioTherap LOGC ... dd .37 ... ... 10.16 9.80 MontereyCapA MCAC ... ... 9.86 –0.02 ... 25.47 5.94 1LifeHealthcare ONEM ... dd 17.15 +0.14 ... 23.56 1.63 PraxisPrecision PRAX ... dd 2.65 –0.76 ... 15.36 3.60 Rover ROVR ... dd 3.96 –0.17 ...
9.85 9.61 LogisticsInnovA LITT ... 30 9.76 ... ... 0.22 0.09 MontereyCapRt MCACR ... ... .09 ... ... 6.50 1.37 111 YI ... dd 3.05 –0.23 ... 5.66 1.12 Precigen PGEN ... dd 2.72 –0.05 ... 147.70 88.64 RoyalGold RGLD 1.5 22 93.26 –2.79 .35
100.78 46.45 LogitechIntl LOGI 1.9 15 48.84 –1.73.9781 350.21 218.25 Morningstar MORN .6 54 224.56 –20.60 .36 19.00 4.77 1stdibs.com DIBS ... dd 6.61 +0.81 ... 13.49 1.11 PrecisionBio DTIL ... dd 1.52 –0.13 ... 44.75 34.86 RoyaltyPharma RPRX 1.8 39 41.95 –1.68 .19
9.82 2.84 LongboardPharm LBPH ... dd 4.16 –0.44 ... 68.75 19.23 Morphic MORF ... dd 28.51 –1.05 ... 62.79 29.86 OneWaterMarine ONEW ... 4 35.43 –0.85 ... 81.97 60.25 PreferredBankLA PFBC 2.5 10 68.64 –0.23 .43 20.99 0.56 RubiusTherap RUBY ... dd .57 –0.55 ...
17.94 3.61 LoopIndustries LOOP ... dd 5.34 +0.43 ... 12.64 4.07 MorphoSys MOR ... dd 5.22 +0.52 ... 14.79 0.60 Ontrak OTRK ... dd .63 –0.06 ... 87.19 54.97 PreformedLine PLPC 1.0 8 76.34 –2.98 .20 14.92 10.76 RunwayGrowthFin RWAY11.0 14 12.00 ... .33
8.93 1.49 LordstownMotors RIDE ... dd 2.04 +0.03 ... 21.10 12.59 MotorcarParts MPAA ... 45 14.35 –0.09 ... 10.50 9.81 OnyxAcqnIA ONYX ... dd 10.11 ... ... 36.95 3.87 PreludeTherap PRLD ... dd 6.94 –0.81 ... 60.89 41.66 RushEnt A RUSHA 1.9 8 44.55 –3.98 .21
17.50 0.25 Lottery.com LTRY ... dd .29 –0.03 ... 10.10 9.84 MountRainier RNER ... dd 10.09 ... ... 40.65 9.03 OpenLending LPRO ... 12 9.54 –0.91 ... 34.00 24.35 PremierFinl PFC 4.6 9 26.06 –0.89 .30 60.01 41.80 RushEnt B RUSHB 1.7 8 49.23 –3.56 .21
87.12 23.77 Lovesac LOVE ... 9 25.11 –3.32 ... 10.60 9.96 MountainI A MCAA ... dd 10.21 +0.01 ... 52.70 28.57 OpenText OTEX 3.4 20 28.64 –2.12 .243 42.15 34.17 Premier PINC 2.4 16 34.80 –1.03 .21 24.93 15.16 RuthsHospitality RUTH 3.1 15 17.92 –0.61 .14
98.95 1.75 LoyaltyVentures LYLT ... dd 1.80 –0.41 ... 9.96 9.71 MountainCrestV MCAG ... dd 9.93 ... ... 25.33 3.95 OpendoorTech OPEN ... dd 4.06 –0.82 ... 8.75 3.39 Prenetics PRE ... dd 3.63 –0.63 ... 16.99 8.80 RxSight RXST ... dd 12.97 –1.16 ...
13.52 1.69 LucidDiag LUCD ... dd 1.85 –0.42 ... 10.55 9.93 MurphyCanyonA MURF ... ... 10.09 +0.02 ... 9.87 4.05 Opera OPRA ... dd 4.44 –0.57 ... 88.30 60.73 PriceSmart PSMT 1.4 19 62.23 –0.90 .43 127.25 65.07 Ryanair RYAAY ... 63 68.01 –6.24 ...
57.75 13.25 Lucid LCID ... dd 16.18 +1.10 ... 2.90 0.51 MustangBio MBIO ... dd .56 –0.06 ... 27.95 4.79 OportunFin OPRT ... 2 5.46 –0.39 ... 10.00 9.88 PrimeNumberI A PNAC ... ... 9.92 –0.06 ... S
9.63 1.36 LuciraHealth LHDX ... dd 1.43 –0.37 ... 22.00 6.23 Mynaric MYNA ... dd 6.35 –1.11 ... 8.50 4.73 Opthea OPT ... ... 5.98 –0.17 ... 0.14 0.08 PrimeNumberI Rt PNACR ... ... .09 ... ...
21.29 5.10 Lulu'sFashion LVLU ... dd 5.44 –1.03 ... 35.31 16.02 MyriadGenetics MYGN ... dd 21.37 –1.43 ... 6.85 3.26 OpticalCable OCC ... dd 3.99 –0.17 ... 16.54 12.50 PrimisFinl FRST 3.1 15 12.75 –0.09 .10 34.20 26.51 S&T Bancorp STBA 3.9 11 30.96 +0.83 .30
485.83 251.51 lululemon LULU ... 39 333.24 –15.41 ... N 4.30 1.46 Optinose OPTN ... dd 3.83 +0.08 ... 29.38 19.00 PrimorisSvcs PRIM 1.2 9 19.67 –0.50 .06 391.15 286.41 SBA Comm SBAC .9 97 311.75 –19.02 .71
108.90 73.97 Lumentum LITE ... 28 74.99 –6.23 ... 35.57 21.32 OptionCare OPCH ... 33 32.17 –1.01 ... 80.36 60.97 PrincipalFin PFG 3.3 5 77.01 –1.28 .64 8.10 1.70 SCYNEXIS SCYX ... dd 2.91 +0.37 ...
23.90 5.61 LuminarTech LAZR ... dd 8.93 –0.57 ... 31.30 15.39 Napco Security NSSC ... 57 30.40 –0.63 ... 13.57 2.62 OraSureTechs OSUR ... dd 4.06 –0.09 ... 44.64 17.99 PriviaHealth PRVA ... dd 39.88 –1.39 ... 65.22 51.07 SEI Investments SEIC 1.5 13 53.63 –2.96 .40
11.09 1.17 LumiraDx LMDX ... dd 1.37 –0.28 ... 42.63 33.02 NBT Bancorp NBTB 3.0 11 39.45 +0.55 .30 2.55 0.90 OrganiGram OGI ... dd 1.00 –0.06 ... 11.98 5.86 Procaps PROC ... dd 6.97 –0.33 ... 10.10 9.93 ShuaaPtrsI A SHUA ... ... 10.09 +0.02 ...
11.32 6.15 LumosPharma LUMO ... dd 8.71 –0.03 ... 24.14 10.49 NGM Biopharm NGM ... dd 15.00 –1.25 ... 26.70 2.62 OricPharm ORIC ... dd 3.59 +0.14 ... 31.25 17.86 ProfessionalHldg PFHD ... 20 27.51 +0.16 ... 25.00 11.89 SI-BONE SIBN ... dd 18.57 +1.20 ...
15.37 12.22 LutherBurbank LBC 3.8 7 12.63 –0.19 .12 319.88 179.13 NICE NICE ... 60 200.04 –12.39 ... 47.58 36.80 OriginBancorp OBNK 1.5 10 40.31 –1.14 .15 26.99 5.84 SIGA Tech SIGA .0 12 11.82 –2.03 .45
27.25 15.33 NMI Holdings NMIH ... 7 21.13 +0.81 ... 40.71 19.32 OrthofixIntl OFIX ... dd 21.60 +0.17 ... 23.62 13.18 ProFrac PFHC ... dd 18.91 –0.91 ... 12.50 9.88 SKGrowthOppsA SKGR ... ... 10.00 +0.05 ...
15.50 3.57 LyellImmuno LYEL ... dd 7.19 –0.40 ... 6.13 2.02 NN NNBR ... dd 2.37 +0.13 ... 73.91 36.71 OrthoPediatrics KIDS ... dd 49.06 –2.93 ... 53.99 41.68 ProgressSoftware PRGS 1.6 20 42.88 –4.27 .175 20.88 14.35 SLM SLM 2.9 5 15.29 –0.51 .11
57.68 11.96 Lyft LYFT ... dd 16.27 –1.84 ... 13.49 0.49 NRX Pharm NRXP ... dd .73 +0.03 ... 6.99 0.35 OtonomoTech OTMO ... ... .37 –0.02 ... 68.32 25.67 Progyny PGNY ... 89 40.73 –2.35 ... 20.05 13.74 SLR Invt SLRC10.9 72 15.04 –0.27.1367
9.98 3.30 LyraTherap LYRA ... dd 6.23 +0.08 ... 239.91 140.33 NXP Semi NXPI 2.1 17 159.94 –8.20 .845 2.59 0.24 Otonomy OTIC ... dd .31 –0.05 ... 9.96 9.23 ProjectEnReimag PEGR ... 21 9.84 +0.01 ... 37.25 15.10 SMART Global SGH ... cc 17.45 –0.67 ...
M 13.95 3.57 NanoLabs NA ... ... 5.56 +1.52 ... 82.46 54.14 OtterTail OTTR 2.4 11 69.80 –5.48.4125 59.74 21.50 PrometheusBio RXDX ... dd 55.47 +0.28 ... 7.69 1.51 SPI Energy SPI ... dd 1.65 –0.13 ...
28.60 8.23 NanoXImaging NNOX ... dd 12.45 +0.32 ... 17.74 3.52 Outbrain OB ... dd 3.61 –0.65 ... 9.09 0.53 ProQR Therap PRQR ... dd .75 –0.04 ... 37.17 25.29 SP Plus SP ... 15 32.02 –0.98 ...
80.30 42.85 Macom Tech MTSI ... 18 54.18 –2.93 ... 13.37 2.32 Nanobiotix NBTX ... dd 4.38 +0.18 ... 9.06 6.66 ProspectCapital PSEC 9.8 6 7.35 –0.17 .06 174.42 96.41 SPS Commerce SPSC ... 96 123.08 –2.19 ...
14.70 9.85 MeliKaszek MEKA ... dd 9.94 –0.05 ... 60.33 13.25 OutsetMedical OM ... dd 17.87 –0.87 ...
57.87 11.12 NanoStringTech NSTG ... dd 13.86 –2.10 ... 111.28 24.69 Overstock OSTK ... 16 26.49 –2.24 ... 38.11 6.91 ProtagonistTherap PTGX ... dd 8.36 –0.48 ... 6.50 1.75 SRAX SRAX ... dd 2.43 –0.09 ...
86.27 69.23 MGE Energy MGEE 2.1 26 75.94 –2.29.4075 1.91 0.40 NantHealth NH ... dd .49 +0.03 ... 7.97 2.72 ProtaraTherap TARA ... dd 3.66 –0.16 ... 84.85 52.20 SS&C Tech SSNC 1.5 20 53.05 –4.25 .20
117.01 61.09 MGP Ingredients MGPI .4 21 111.67 –2.05 .12 3.78 1.65 OvidTherap OVID ... dd 2.08 –0.10 ...
71.65 46.77 Nasdaq NDAQ 1.3 27 61.01 –2.25 .20 8.53 5.49 OxfordLane OXLC15.6 5 5.77 –0.36 .075 13.22 4.26 Proterra PTRA ... dd 5.69 –0.48 ... 24.58 12.92 SSR Mining SSRM 1.9 10 13.73 –0.49 .07
1.96 0.68 MindTech MIND ... dd .79 +0.05 ... 129.09 26.10 Natera NTRA ... dd 48.55 –4.37 ... 4.47 3.45 OxfordSquare OXSQ 11.7 dd 3.58 –0.19 .035 79.75 21.06 Prothena PRTA ... dd 29.44 +0.39 ... 763.22 354.74 SVB Fin SIVB ... 14 362.42 –60.55 ...
181.03 87.67 MKS Instrum MKSI 1.0 9 89.11 –11.18 .22 69.00 45.50 Nathan's NATH 2.7 18 66.10 +1.87 .45 19.98 3.46 OysterPtPharma OYST ... dd 6.74 –0.46 ... 8.04 3.19 ProventionBio PRVB ... dd 5.05 –0.23 ... 16.60 11.44 SabraHealthcare SBRA 8.6 74 13.92 –0.99 .30
11.70 0.94 MSP Recovery MSPR ... dd 1.39 –0.12 ... 64.67 38.10 NationalBeverage FIZZ .0 28 42.21 –4.72 3.00 17.37 13.76 ProvidentFin PROV 3.9 12 14.18 +0.08 .14 12.65 5.45 Sabre SABR ... dd 6.44 –0.24 ...
121.22 74.77 MYR Group MYRG ... 18 89.11 –2.90 ... 3.97 0.88 NatlCineMedia NCMI12.6 dd .95 –0.12 .03 PQ 43.65 14.73 PubMatic PUBM ... 18 17.00 –2.04 ... 99.75 76.50 SafetyInsurance SAFT 4.2 17 85.67 –3.02 .90
10.28 7.37 Macatawa MCBC 3.3 13 9.58 ... .08 45.98 29.81 NatlInstruments NATI 2.8 50 39.35 –1.17 .28 40.89 19.41 PAM Transport PTSI ... 7 30.79 –1.36 ... 45.49 13.79 Pulmonx LUNG ... dd 18.28 –2.07 ... 29.75 21.50 SagaComm SGA 3.1 13 25.82 –1.68 .20
22.78 2.13 Macrogenics MGNX ... dd 3.45 –0.79 ... 52.36 30.93 NatlResearch NRC 2.4 28 39.89 +3.44 .24 7.29 5.14 P&FIndustries PFIN .0 dd 5.67 +0.24 .05 7.73 1.60 PumaBiotech PBYI ... dd 2.44 –0.30 ... 10.45 9.60 SagaliamAcqnA SAGA ... dd 9.99 ... ...
105.93 52.33 MadrigalPharm MDGL ... dd 69.31 +4.45 ... 65.92 22.59 NationalVision EYE ... 35 34.16 –2.65 ... 26.04 17.96 PCB Bancorp PCB 3.2 7 18.95 –0.09 .15 54.39 18.15 PureTechHealth PRTC ... dd 28.60 –0.45 ... 0.40 0.01 SagaliamAcqnRt SAGAR ... ... .07 –0.02 ...
8.49 0.92 MagentaTherap MGTA ... dd 1.68 –0.25 ... 236.97 177.74 NatlWesternLife NWLI .2 5 180.50 –7.55 .36 54.79 40.08 PCConnection CNXN .0 13 45.38 –2.73 1.00 23.13 2.65 PurpleInnovation PRPL ... dd 2.79 –0.30 ... 47.75 27.36 SageTherap SAGE ... dd 40.60 –1.40 ...
25.49 15.08 MagicSoftware MGIC 3.5 29 16.41 –0.39 .29 16.00 8.42 NaturalAlt NAII ... 7 11.89 –0.03 ... 6.44 3.90 PCTEL PCTI 4.5 dd 4.94 –0.19 .055 8.50 4.10 Puyi PUYI ... dd 7.46 –0.19 ... 365.50 168.03 Saia SAIA ... 14 185.17 –17.11 ...
32.43 7.06 Magnite MGNI ... dd 7.15 –0.55 ... 7.17 1.98 NautilusBiotech NAUT ... dd 2.10 –0.17 ... 89.22 41.27 PDC Energy PDCE 2.2 5 62.40 –3.64 .35 19.00 1.96 PyxisOncology PYXS ... dd 2.21 –0.48 ... 6.82 1.89 SalemMedia SALM ... 1 1.95 –0.17 ...
13.23 10.80 MagyarBancorp MGYR .9 13 13.01 +0.25 .03 23.80 12.45 Navient NAVI 4.5 4 14.16 –0.37 .16 33.78 19.34 PDF Solutions PDFS ... dd 25.36 –0.93 ... 5.10 0.60 Q&K Intl QK ... dd 3.06 +0.10 ... 26.03 3.93 SanaBiotech SANA ... dd 6.52 –0.58 ...
36.28 20.06 MakeMyTrip MMYT ... dd 32.27 –0.23 ... 22.19 3.51 NavitasSemi NVTS ... dd 5.77 +0.01 ... 81.66 26.46 PENN Entmt PENN ... 26 30.56 –1.91 ... 62.85 49.25 QCR Holdings QCRH .4 9 53.77 –1.02 .06 52.04 36.84 SandySpringBncp SASR 3.5 9 39.25 +0.13 .34
78.10 48.31 MalibuBoats MBUU ... 7 53.05 –1.68 ... 79.43 23.94 nCino NCNO ... dd 35.24 –0.70 ... 43.25 3.91 PLBY Group PLBY ... dd 4.06 –0.49 ... 4.14 1.01 QilianIntl QLI ... 14 1.22 +0.03 ... 92.10 67.02 Sanfilippo JBSS 1.0 14 75.63 –2.84 1.50
18.10 15.12 MalvernBancorp MLVF ... dd 15.42 –0.33 ... 9.48 6.66 NecessityRetail RTL 11.8 dd 7.19 ....2125 30.48 8.99 PMV Pharm PMVP ... dd 12.59 –1.03 ... 178.80 83.90 Qorvo QRVO ... 12 85.93 –7.60 ... 11.49 3.12 SangamoTherap SGMO ... dd 5.25 –0.45 ...
5.29 1.35 MammothEnergy TUSK ... dd 4.05 –0.60 ... 19.37 3.02 NektarTherap NKTR ... dd 3.47 –0.27 ... 51.00 34.22 PRA Group PRAA ... 10 35.73 –0.42 ... 193.58 118.23 Qualcomm QCOM 2.4 11 124.95 –7.10 .75 23.10 6.94 SangomaTechs SANG ... dd 6.94 –1.04 ...
10.12 9.75 ManaCapAcqn MAAQ ... dd 10.03 +0.01 ... 42.47 10.69 NeoGames NGMS ... dd 14.39 –1.04 ... 52.40 15.38 ProceptBio PRCT ... dd 41.78 –8.87 ... 48.93 10.88 QualtricsIntl XM ... dd 11.00 –1.32 ... 52.14 35.36 Sanmina SANM ... 12 47.27 –1.43 ...
0.43 0.10 ManaCapAcqnRt MAAQR ... ... .27 –0.02 ... 47.80 15.97 Neogen NEOG ... 36 16.11 –2.35 ... 136.00 96.55 PTC PTC ... 27 114.90 –5.07 ... 162.36 106.48 Qualys QLYS ... 58 148.60 –11.25 ... 58.10 39.49 Sanofi SNY 3.1 14 40.82 +0.02.2972
188.52 106.02 ManhattanAssoc MANH ... 74 137.74 –7.57 ... 8.48 0.80 NeoleukinTherap NLTX ... dd .95 –0.14 ... 54.89 25.01 PTC Therap PTCT ... dd 52.82 –0.82 ... 60.92 6.31 Quanterix QTRX ... dd 9.40 –0.70 ... 38.32 19.85 SapiensInt SPNS 3.4 21 20.36 –0.71 .47
43.10 15.49 Mannatech MTEX 4.4 6 18.23 –1.93 .20 34.44 7.07 NerdWallet NRDS ... dd 10.98 –0.28 ... 97.56 77.00 Paccar PCAR 1.7 13 85.14 –3.34 .37 7.45 1.34 Quantum QMCO ... dd 1.47 –0.24 ... 11.80 2.51 SarcosTech&Robotic STRC ... dd 2.83 –1.07 ...
5.44 2.49 MannKind MNKD ... dd 3.57 –0.31 ... 96.82 61.26 NetApp NTAP 2.9 16 68.68 –3.77 .50 31.10 3.85 PacBiosciCA PACB ... dd 6.02 –0.67 ... 9.37 2.22 Quantum-Si QSI ... dd 2.93 –0.37 ... 120.23 61.28 SareptaTherap SRPT ... dd 111.99 –6.45 ...
50.18 19.83 MaravaiLifeSci MRVI ... 12 23.30 +0.37 ... 118.19 68.62 NetEase NTES 1.6 19 82.71 –4.78 .36 45.25 27.92 PacificPremBncp PPBI 4.1 10 32.35 –0.42 .33 31.40 2.30 Quhuo QH ... dd 2.35 –0.40 ... 7.00 2.51 SatsumaPharm STSA ... dd 6.92 +0.51 ...
10.29 9.76 MarblegateAcqn GATE ... dd 9.92 ... ... 700.99 162.71 Netflix NFLX ... 21 240.13 +6.56 ... 82.16 45.05 PaciraBioSci PCRX ... 67 53.60 –2.15 ... 180.06 77.32 QuidelOrtho QDEL ... 3 81.78 –4.19 ... 1.91 1.02 Savara SVRA ... dd 1.50 +0.02 ...
3.63 1.23 Marchex MCHX ... dd 1.92 –0.14 ... 34.14 17.40 Netgear NTGR ... dd 22.21 –0.54 ... 15.53 8.71 PactivEvergreen PTVE 4.1 12 9.74 –1.36 .10 98.50 1.50 QuinceTherap QNCX ... dd 1.50 –0.21 ... 41.01 27.00 ScanSource SCSC ... 8 27.87 –1.05 ...
11.42 1.58 MarinSoftware MRIN ... dd 1.73 –0.04 ... 37.68 26.01 NetScout NTCT ... 60 32.61 +1.89 ... 51.81 24.90 PacWestBancorp PACW 4.0 6 25.21 –1.72 .25 18.89 8.28 QuinStreet QNST ... dd 11.23 –0.14 ... 59.70 29.79 SchnitzerSteel SCHN 2.4 5 31.03 –2.99.1875
13.15 3.97 MarinusPharma MRNS ... dd 6.80 +0.12 ... 109.26 71.88 Neurocrine NBIX ... cc 106.09 –0.42 ... 213.63 140.52 PaloAltoNtwks PANW ... dd 174.09 –14.17 ... 3.19 0.16 Quotient QTNT ... dd .21 +0.02 ... 42.54 4.33 ScholarRock SRRK ... dd 8.91 –0.27 ...
434.14 235.42 MarketAxess MKTX 1.1 39 252.10 –13.83 .70 6.84 1.98 Neuronetics STIM ... dd 2.86 –0.54 ... 97.18 44.01 Palomar PLMR ... 47 84.18 +0.34 ... 21.93 3.04 QurateRetailB QRTEB .0 31 8.80 –2.33 1.25 48.28 32.52 Scholastic SCHL 1.9 19 42.24 –2.97 .20
9.41 2.28 MarketWise MKTW ... dd 2.43 –0.21 ... 17.92 3.83 NeuroPace NPCE ... dd 3.96 –0.21 ... 30.56 14.40 PanAmerSilver PAAS 2.8 dd 15.75 –0.13 .12 11.47 2.09 QurateRetailA QRTEA .0 9 2.54 –0.50 1.25 62.56 20.71 Schrodinger SDGR ... dd 27.70 –0.35 ...
37.90 6.05 Marqeta MQ ... dd 7.26 –0.59 ... 63.06 19.17 NewFortressEner NFE .8 49 49.12 –8.03 .10 140.68 74.46 PapaJohn's PZZA 2.1 32 79.00 –5.50 .42 13.10 0.64 Qutoutiao QTT ... dd .87 –0.06 ... 16.80 9.67 SchultzeSpecII A SAMA ... dd 9.91 +0.01 ...
195.90 131.01 Marriott MAR .8 29 154.92 –7.44 .30 14.11 11.09 NewMtnFin NMFC 9.4 10 12.76 –0.62 .30 10.11 9.86 PapayaGrowthI A PPYA ... ... 9.99 +0.02 ... R 15.10 1.43 Science37 SNCE ... dd 1.85 –0.01 ...
23.43 14.72 MartenTransport MRTN 1.2 15 19.36 +0.22 .06 10.74 9.55 NewProvidenceII A NPAB ... dd 9.98 +0.04 ... 45.08 24.22 ParamountA PARAA 3.9 5 24.85 –1.72 .24 22.29 10.75 SciPlay SCPL ... 15 11.04 –0.40 ...
5.98 2.52 MartinMidstream MMLP .5 7 3.89 +0.02 .005 4.50 2.24 NY Mortgage NYMT14.2 dd 2.82 –0.03 .10 41.18 21.32 ParamountB PARA 4.2 4 22.73 –0.93 .24 40.74 9.86 RaptTherap RAPT ... dd 24.52 –1.66 ... 7.24 3.48 scPharm SCPH ... dd 4.48 –0.28 ...
93.85 41.07 MarvellTech MRVL .5 dd 46.35 –3.39 .06 10.55 9.87 NewcourtAcqnA NCAC ... 24 10.13 +0.01 ... 5.42 1.60 ParatekPharma PRTK ... dd 2.62 +0.11 ... 29.09 19.50 RBB Bancorp RBB 2.7 7 21.06 –0.23 .14 9.88 9.45 ScreamingEagleA SCRM ... ... 9.68 –0.02 ...
305.21 112.07 Masimo MASI ... 46 153.55 –2.70 ... 26.45 16.08 NewellBrands NWL 5.6 10 16.30 –1.86 .23 17.76 2.22 PardesBiosci PRDS ... dd 2.29 –0.68 ... 264.94 152.90 RBC Bearings ROLL ... cc 231.96 –24.27 ... 23.61 12.04 ScrippsEW SSP ... 10 14.17 –0.44 ...
29.69 20.02 MasterCraftBoat MCFT ... 7 21.55 +0.38 ... 19.10 8.66 Newmark NMRK 1.2 6 10.26 –0.18 .03 26.91 9.23 Park-Ohio PKOH 3.5 dd 14.18 –2.04 .125 94.33 46.49 RCI Hospitality RICK .3 17 68.28 +0.84 .05 3.44 0.38 SeaChange SEAC ... dd .48 +0.04 ...
182.00 53.19 MatchGroup MTCH ... cc 55.37 –6.88 ... 25.87 14.95 NewsCorp A NWSA 1.2 16 16.53 –0.94 .10 10.52 9.84 ParsecCapA PCX ... dd 10.10 ... ... 28.82 5.22 RCM Tech RCMT ... 8 15.44 –1.32 ... 39.31 30.01 SeacoastBkgFL SBCF 2.1 17 31.89 +0.02 .17
27.55 10.99 Materialise MTLS ... 41 11.57 –1.10 ... 24.75 15.18 NewsCorp B NWS 1.2 16 16.91 –0.81 .10 9.27 3.92 PartnerComms PTNR ... 24 7.66 –0.53 ... 7.49 1.05 REE Automotive REE ... dd 1.22 +0.08 ... 117.67 61.54 Seagate STX 4.5 9 62.71 –6.12 .70
11.76 4.24 MatrixService MTRX ... dd 4.86 –0.88 ... 32.38 17.65 NewtekBusSvcs NEWT14.8 ... 20.98 –0.87 .65 12.10 1.51 PassageBio PASG ... dd 1.58 –0.23 ... 45.18 18.69 REGENXBIO RGNX ... 13 25.98 –2.89 ... 192.79 105.43 Seagen SGEN ... dd 142.03 –13.44 ...
26.99 17.95 Mattel MAT ... 7 20.90 –2.63 ... 18.78 0.66 NexImmune NEXI ... dd .66 –0.35 ... 65.96 31.16 PathwardFinl CASH .6 7 32.79 –1.30 .05 11.54 9.65 RF Acqn RFACU ... ... 10.00 –0.01 ... 10.14 9.72 SeaportCalibreMatl SCMA ... 30 10.02 ... ...
37.60 3.51 Matterport MTTR ... dd 4.05 –0.51 ... 204.62 139.69 NexstarMedia NXST 1.9 9 190.86 –4.51 .90 19.49 12.51 PatriaInvts PAX 4.9 15 13.65 –1.00 .169 9.94 9.80 RF Acqn A RFAC ... dd 9.91 +0.02 ... 11.00 9.67 SeaportGlblAcqnII SGII ... 29 9.98 –0.01 ...
39.76 23.59 MatthewsIntl MATW 3.6 dd 24.41 –0.81 .22 9.18 3.25 NextCure NXTC ... dd 3.87 +0.06 ... 10.60 9.95 PatriaLatAm PLAO ... ... 10.19 +0.05 ... 0.20 0.03 RF Acqn Rt RFACR ... ... .08 ... ... 16.75 5.54 SeaSpine SPNE ... dd 6.70 –0.31 ...
15.27 3.36 MaxCyte MXCT ... dd 5.44 –0.94 ... 21.87 13.64 NextGenHlthcr NXGN ... ... 16.68 –0.30 ... 88.79 46.44 PatrickIndustries PATK 2.8 3 47.83 –2.18 .33 8.71 5.48 RF Industries RFIL ... 36 6.35 –0.44 ... 26.89 8.57 SecureWorks SCWX ... dd 8.67 –1.93 ...
26.36 7.48 MaxeonSolar MAXN ... dd 25.60 +2.91 ... 12.50 6.97 NicholasFin NICK ... dd 6.97 –1.36 ... 18.00 9.25 PatriotNatBncp PNBK ... 9 11.50 –0.25 ... 25.00 18.01 RGC Resources RGCO 3.4 dd 22.61 +1.36 .195 9.49 6.50 SecurityNatFin SNFCA ... 6 6.59 –0.66 ...
77.89 30.17 MaxLinear MXL ... 27 34.53 –3.36 ... 15.56 4.42 Nikola NKLA ... dd 5.12 –0.30 ... 16.29 7.06 PatriotTransport PATI .0 4 7.72 –0.28 3.75 10.08 9.82 ROC Energy ROC ... dd 10.02 –0.03 ... 40.45 6.44 Seer SEER ... dd 8.47 –1.50 ...
10.50 9.85 MaxproCapA JMAC ... dd 10.11 +0.02 ... 2.05 0.20 9F JFU ... dd .34 –0.04 ... 35.29 25.03 Patterson PDCO 4.0 13 26.13 –1.01 .26 27.86 18.73 R1 RCM RCM ... cc 20.87 –1.40 ... 4.53 0.65 SelectaBiosci SELB ... 8 1.84 –0.01 ...
91.37 68.93 McGrathRent MGRC 2.2 21 84.13 –1.89 .455 39.34 12.60 908Devices MASS ... dd 16.78 –2.94 ... 20.53 6.71 PattersonUTIEn PTEN 1.1 dd 13.98 –1.01 .04 3.29 0.98 RVL Pharm RVLP ... dd 2.91 +0.43 ... 94.35 66.81 SelectiveIns SIGI 1.4 19 81.39 –0.92 .28
10.55 9.80 McLarenTechA MLAI ... dd 10.03 –0.01 ... 27.81 4.88 NiuTech NIU ... 21 4.98 –0.41 ... 141.92 106.55 Paychex PAYX 2.6 31 120.13 –6.70 .79 18.50 4.19 RackspaceTech RXT ... dd 5.33 +0.01 ... 9.55 0.91 Sema4 SMFR ... dd 1.05 –0.05 ...
10.05 3.50 MedallionFin MFIN 4.3 3 7.51 –0.58 .08 31.64 7.55 Nkarta NKTX ... dd 13.43 –1.18 ... 37.42 20.14 PaycorHCM PYCR ... dd 30.39 –0.85 ... 18.79 11.70 RadiusGlbInfr RADI ... dd 13.07 –1.10 ... 11.34 2.21 Semantix STIX ... 6 2.72 +0.32 ...
4.65 2.08 MediciNova MNOV ... dd 2.29 +0.08 ... 34.19 9.48 nLIGHT LASR ... dd 10.52 –1.77 ... 314.50 152.01 Paylocity PCTY ... cc 248.80 –9.65 ... 34.69 16.44 RadNet RDNT ... 48 20.04 –1.50 ... 10.38 9.75 SemperParatusA LGST ... cc 10.12 ... ...
4.01 1.21 MediWound MDWD ... dd 1.86 –0.04 ... 11.51 1.26 Nogin NOGN ... dd 1.35 –0.21 ... 10.12 3.33 Payoneer PAYO ... cc 6.11 –0.56 ... 42.19 20.51 Radware RDWR ... cc 22.41 –0.51 ... 94.92 29.52 Semtech SMTC ... 13 31.65 –3.17 ...
231.00 126.95 Medpace MEDP ... 26 150.87 –12.22 ... 13.44 4.25 Noodles NDLS ... dd 4.73 –0.33 ... 282.50 67.58 PayPal PYPL ... 54 94.00 –2.23 ... 17.31 2.15 RainTherap RAIN ... dd 6.33 +0.63 ... 63.56 41.54 SenecaFoods A SENEA ... 11 50.81 +0.85 ...
14.80 2.60 MeihuaIntlMed MHUA ... ... 5.15 +1.03 ... 272.28 194.89 Nordson NDSN 1.2 27 218.98 –15.30 .65 38.60 27.71 PeapackGladFinl PGC .6 10 34.33 –0.36 .05 21.00 5.90 Rallybio RLYB ... dd 13.88 +1.46 ... 64.13 44.00 SenecaFoods B SENEB ... 11 53.50 +4.75 ...
24.89 6.59 MeiraGTx MGTX ... dd 9.01 –0.24 ... 43.27 30.09 NortheastBank NBN .1 8 40.29 +1.50 .01 10.58 9.75 PearlHldgsAcqnA PRLH ... dd 9.97 –0.12 ... 21.73 8.72 RamacoRscs METC 5.1 4 8.85 –1.42.1134 11.92 1.45 SenseiBiotherap SNSE ... dd 1.80 –0.20 ...
12.40 4.06 MelcoResorts MLCO ... dd 5.81 +0.31 ... 18.00 9.05 NorthernTechsIntl NTIC 2.5 15 11.18 –0.35 .07 136.79 35.03 Pegasystems PEGA .3 dd 37.85 –2.18 .03 33.75 20.00 Rambus RMBS ... dd 25.29 –0.25 ... 5.58 1.77 SenstarTech SNT .0 6 1.95 +0.061.725
1913.77 600.68 MercadoLibre MELI ... cc 919.11 –51.88 ... 135.15 89.68 NorthernTrust NTRS 3.2 13 93.13 –5.97 .75 105.23 8.22 Peloton PTON ... dd 9.74 –0.57 ... 27.40 18.18 RandolphBancorp RNDB 2.3 34 26.62 +0.04 2.00 10.35 1.59 SentiBiosciences SNTI ... dd 1.60 –0.49 ...
40.01 29.11 MercantileBank MBWM 4.0 10 32.20 –0.30 .32 18.41 11.87 NorthfieldBanc NFBK 3.5 11 14.93 +0.23 .13 33.55 10.07 Pennant PNTG ... dd 15.45 +0.25 ... 53.59 19.28 RangerOil ROCC .8 8 37.20 –1.07 .075 11.41 1.15 SeraPrognostics SERA ... dd 1.66 –0.31 ...
10.50 9.60 MercatoPtrsA MPRA ... ... 10.01 –0.06 ... 47.34 38.42 NorthrimBanCorp NRIM 4.0 9 42.48 +1.15 .50 25.00 21.60 PennsWoodsBncp PWOD 5.4 10 23.87 +0.87 .32 36.27 8.00 RaniTherap RANI ... dd 8.87 –1.02 ... 11.69 2.50 SeresTherap MCRB ... dd 6.97 +0.52 ...
17.50 9.51 MercerIntl MERC 2.2 3 13.45 –0.81 .075 9.95 9.69 NorthViewAcqn NVAC ... 46 9.89 ... ... 34.63 25.63 PeoplesBncpOH PEBO 5.2 12 29.25 –1.02 .38 22.71 2.49 RapidMicro RPID ... dd 3.49 –0.13 ... 12.23 4.65 ServiceProperties SVC .6 dd 6.65 –0.33 .01
72.28 44.04 MercurySystems MRCY ... cc 46.50 –0.88 ... 0.25 0.07 NorthViewRt NVACR ... ... .08 ... ... 30.00 25.00 PeoplesBncpNC PEBK 2.8 11 25.83 +0.02 .18 145.00 49.00 Rapid7 RPD ... dd 49.41 –8.36 ... 10.08 9.80 7AcqnA SVNA ... 17 10.05 ... ...
2.73 0.30 MereoBioPharma MREO ... 7 1.06 –0.01 ... 15.22 12.04 NorthwestBcshs NWBI 5.6 14 14.26 +0.18 .20 59.99 43.34 PeoplesFinSvcs PFIS 3.2 8 49.51 –0.48 .40 12.75 4.56 RealGoodFood RGF ... dd 7.50 +0.77 ... 4.44 0.88 17Educ&Tech YQ ... dd 1.72 +0.13 ...
34.38 17.20 MeridianBiosci VIVO ... 33 32.14 +0.13 ... 34.94 23.11 NorthwestPipe NWPX ... 15 31.25 –2.75 ... 16.99 5.52 PepGen PEPG ... dd 5.63 –4.27 ... 17.09 1.90 RealReal REAL ... dd 2.14 –0.29 ... 9.20 1.38 Sharecare SHCR ... dd 1.67 –0.34 ...
39.78 26.73 Meridian MRBK 2.6 7 30.90 +0.25 .20 63.06 52.71 Northwestern NWE 4.7 16 53.66 –1.54 .63 15.00 9.60 PepperLimeA PEPL ... dd 9.97 +0.01 ... 114.80 18.47 ReataPharm RETA ... dd 27.50 +1.00 ... 21.42 2.59 ShattuckLabs STTK ... dd 2.92 –0.29 ...
73.81 50.46 MeritMedical MMSI ... 57 57.97 –3.48 ... 30.92 20.89 NortonLifeLock NLOK 2.4 15 21.26 –1.47 .125 181.07 149.48 PepsiCo PEP 2.8 25 166.97 –6.25 1.15 27.65 4.92 RecursionPharm RXRX ... dd 10.80 –2.47 ... 32.71 17.06 ShenandoahTel SHEN .4 1 18.95 –2.25 .07
7.41 3.66 MerrimackPharm MACK ... dd 4.18 –0.27 ... 29.00 23.00 NorwoodFin NWFL 4.0 8 28.01 +1.74 .28 10.16 9.82 PerceptionCapII PCCT ... dd 10.15 +0.01 ... 57.80 46.93 RedRiverBcshs RRBI .6 11 48.87 –2.10 .07 36.86 9.58 ShoalsTech SHLS ... cc 24.39 –2.17 ...
10.06 2.68 MersanaTherap MRSN ... dd 7.36 –0.44 ... 149.15 81.63 Nova NVMI ... 24 94.70 –5.82 ... 10.50 10.01 PerceptionCapII PCCTU ... ... 10.16 ... ... 25.82 6.91 RedRobin RRGB ... dd 7.64 –0.34 ... 314.90 113.36 ShockwaveMed SWAV ... cc 285.41 –1.73 ...
33.09 13.47 Merus MRUS ... dd 22.38 –1.06 ... 184.44 110.84 Novanta NOVT ... 71 125.97 –8.81 ... 13.89 9.65 PerdoceoEduc PRDO ... 7 10.70 –0.11 ... 58.74 30.98 RedRockResorts RRR 2.6 11 38.64 –2.03 .25 46.21 20.03 ShoeCarnival SCVL 1.6 5 22.35 –1.35 .09
9.18 2.00 MesaAir MESA ... dd 2.07 –0.27 ... 260.69 28.25 Novavax NVAX ... dd 30.41 –1.31 ... 14.45 5.47 PerellaWeinberg PWP 3.7 28 7.52 –0.08 .07 55.87 7.13 Redfin RDFN ... dd 7.38 –1.11 ... 23.19 16.92 ShoreBancshares SHBI 2.6 15 18.49 –0.04 .12
333.42 148.70 MesaLab MLAB .4 dd 153.61 –13.10 .16 132.38 56.39 Novocure NVCR ... dd 86.96 –1.93 ... 153.28 64.05 Perficient PRFT ... 32 66.49 –8.67 ... 6.50 0.62 RedHillBio RDHL ... dd .73 –0.16 ... 54.50 17.66 Shyft SHYF .9 18 21.78 –2.61 .05
September 19, 2022 BARRON’S 49

D ATA NASDAQ ISSUES FOREIGN MARKETS

52-Week Tick Div 52-Week Tick Div 52-Week Tick Div 52-Week Tick Div 52-Week Tick Div
High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt.
6.14 0.56 Sientra SIEN ... dd .60 –0.04 ... 10.19 9.87 Talon1AcqnA TOAC ... 45 10.16 –0.03 ... 67.84 13.71 Valneva VALN ... ... 16.61 –0.63 ... 38.63 20.90 VirtuFinancial VIRT 4.4 7 21.94 –0.63 .24 277.99 183.94 Winmark WINA 1.3 20 218.96 –2.14 .70
28.92 20.25 SierraBancorp BSRR 4.4 9 20.69 –0.50 .23 155.86 42.90 TandemDiabetes TNDM ... dd 57.26 +1.28 ... 10.62 9.97 ValuenceI A VMCA ... ... 10.15 +0.02 ... 338.80 161.31 VirtusInvtPtrs VRTS 3.6 9 185.87 –11.22 1.65 105.56 72.10 WintrustFin WTFC 1.6 12 85.21 –2.54 .34
30.97 13.44 SierraWireless SWIR ... dd 30.74 –0.09 ... 8.66 4.17 TandyLeather TLF ... cc 4.30 –0.39 ... 21.44 9.24 VandaPharm VNDA ... 52 9.96 –0.33 ... 9.95 9.78 ViscogliosiBros VBOC ... dd 9.89 –0.01 ... 6.92 4.80 WisdomTreeInvs WETF 2.4 78 4.97 –0.32 .03
28.44 5.98 SightSciences SGHT ... dd 6.16 –1.29 ... 18.84 3.34 TangoTherap TNGX ... dd 3.50 –0.23 ... 32.65 18.90 VarexImaging VREX ... 37 22.44 +0.56 ... 140.44 88.82 Visteon VC ... 44 126.85 –0.38 ... 17.12 2.25 WISeKey WKEY ... dd 2.28 –0.16 ...
6.56 0.59 SigilonTherap SGTX ... dd .65 ... ... 8.25 1.46 TarenaIntl TEDU ... dd 6.26 –1.04 ... 69.61 24.58 VaronisSystems VRNS ... dd 26.82 –3.01 ... 18.61 7.51 VitaCoco COCO ... 57 13.26 –2.56 ... 215.22 53.12 Wix.com WIX ... dd 73.69 +2.99 ...
374.76 165.36 SignatureBank SBNY 1.3 9 171.91 –11.85 .56 10.04 9.73 TargetGlbl I A TGAA ... dd 10.03 ... ... 2.54 0.19 VascularBiogenics VBLT ... dd .20 –0.01 ... 20.17 7.89 VitalFarms VITL ... dd 11.82 –2.53 ... 129.12 87.44 Woodward WWD .8 35 90.00 –6.64 .19
26.84 7.80 SilenceTherap SLN ... dd 11.59 –0.67 ... 31.00 10.80 TarsusPharm TARS ... dd 14.80 –1.30 ... 6.53 2.20 VastaPlatform VSTA ... dd 5.52 +0.17 ... 18.79 11.30 Vitru VTRU ... 31 18.14 –0.06 ... 307.81 134.10 Workday WDAY ... dd 152.29 –17.67 ...
52.75 31.30 Silicom SILC ... 20 37.13 –2.53 ... 85.49 13.60 TaskUs TASK ... 34 17.34 –1.65 ... 29.73 16.78 Vaxcyte PCVX ... dd 26.13 –2.16 ... 14.35 7.02 VividSeats SEAT .0 cc 8.04 –0.90 .23 265.75 98.97 WorldAcceptance WRLD ... 26 114.49 –7.52 ...
211.98 113.48 SiliconLab SLAB ... dd 129.47 –0.03 ... 7.00 5.25 TatTechnologies TATT ... dd 6.27 –0.26 ... 22.77 1.51 Vaxxinity VAXX ... dd 2.14 –0.02 ... 19.05 12.34 Vodafone VOD 7.5 15 12.48 –0.22.4725 10.00 9.70 WorldwideWebbA WWAC ... 41 9.96 +0.01 ...
98.65 64.41 SiliconMotion SIMO 2.8 11 69.96 –3.98 .50 21.29 2.33 TayshaGene TSHA ... dd 2.83 –0.59 ... 8.15 2.74 VectivBio VECT ... dd 4.93 –0.12 ... 18.52 3.83 VorBiopharma VOR ... dd 4.71 –0.44 ... 99.00 50.20 WynnResorts WYNN ... dd 65.42 +2.64 ...
63.22 27.21 SilkRoadMed SILK ... dd 44.11 –0.15 ... 10.15 9.89 Tech&TelecomA TETE ... ... 10.14 +0.05 ... 32.40 17.23 VeecoInstr VECO ... 28 19.61 –1.29 ... 10.60 2.46 VoyagerTherap VYGR ... dd 6.57 –0.27 ... XYZ
15.40 7.70 SilverSpikeInvt SSIC ... dd 10.50 –0.05 ... 111.44 56.83 TechTarget TTGT ... cc 60.60 –5.06 ... 7.83 0.83 VelodyneLidar VLDR ... dd 1.13 –0.11 ... 25.30 1.03 Vroom VRM ... dd 1.65 –0.13 ...
13.43 2.80 SilverbackTherap SBTX ... dd 4.89 –0.30 ... 12.78 6.67 Ericsson ERIC 2.4 9 6.75 –0.69.0894 41.29 9.50 VentyxBiosciences VTYX ... dd 36.85 +13.75 ... 32.09 15.70 XOMA XOMA ... 59 18.00 +1.00 ...
22.68 14.52 SilvercrestAsset SAMG 4.0 8 18.11 –0.88 .18 48.35 8.82 Telesat TSAT ... ... 8.98 –2.18 ... W 46.98 16.97 XP XP ... 16 19.00 –1.22 ...
2.70 0.29 VenusConcept VERO ... dd .62 –0.08 ...
32.76 19.87 SimmonsFirstNat SFNC 3.2 12 23.62 –0.22 .19 33.87 6.54 Telos TLS ... dd 11.45 +0.55 ... 11.13 3.25 VeraBradley VRA ... dd 3.33 –0.19 ... 6.32 1.16 WaveLifeSci WVE ... dd 3.22 –0.01 ... 16.47 3.90 XBiotech XBIT ... dd 4.01 –0.12 ...
67.59 35.18 SimulationsPlus SLP .4 94 53.57 –6.29 .06 187.85 30.12 10xGenomics TXG ... dd 30.68 –5.22 ... 37.11 12.29 VeraTherap VERA ... dd 20.92 +0.92 ... 255.31 163.61 WD-40 WDFC 1.7 43 188.42 –2.16 .78 2.25 0.95 XcelBrands XELB ... dd 1.05 –0.04 ...
33.62 18.89 SinclairBroadcast SBGI 4.6 1 21.75 –0.56 .25 63.61 36.24 Tenable TENB ... dd 37.21 –4.47 ... 54.13 14.85 Veracyte VCYT ... dd 18.47 –1.48 ... 56.30 37.03 WSFS Financial WSFS 1.2 15 49.66 +0.05 .15 77.66 61.16 XcelEnergy XEL 2.6 25 73.90 –3.08.4875
17.77 2.38 SingularGenomics OMIC ... dd 3.13 –0.12 ... 32.00 3.58 TenayaTherap TNYA ... dd 3.63 –1.14 ... 3.58 1.00 Verastem VSTM ... dd 1.18 –0.06 ... 21.97 4.87 WW Intl WW ... 6 5.21 –0.55 ... 43.61 19.36 Xencor XNCR ... 84 28.41 +2.51 ...
6.88 5.69 SiriusXM SIRI 1.5 19 5.97 –0.30 .022 168.91 80.41 Teradyne TER .5 17 82.10 –6.74 .11 56.39 36.55 VerintSystems VRNT ... dd 37.14 –4.95 ... 13.13 4.02 Wag! PET ... dd 5.37 +0.22 ... 41.39 14.65 XenonPharms XENE ... dd 37.31 –0.22 ...
341.77 85.00 SiTime SITM ... 36 86.82 –15.05 ... 11.98 1.45 TernsPharm TERN ... dd 6.14 +0.87 ... 257.03 155.25 VeriSign VRSN ... 24 175.03 –15.53 ... 55.00 33.86 WalgreensBoots WBA 5.6 6 34.27 –1.97 .48 3.17 1.25 XerisBiopharma XERS ... dd 1.76 –0.06 ...
10.70 9.75 SizzleAcqn SZZL ... dd 10.05 –0.01 ... 26.81 19.67 TerritBanc TBNK 4.6 11 19.99 –0.40 .23 231.57 156.05 VeriskAnalytics VRSK .7 28 184.43 –7.61 .31 34.42 7.60 WalkMe WKME ... dd 9.07 –1.92 ... 24.14 13.24 Xerox XRX 6.2 dd 16.22 –0.16 .25
53.05 17.65 SkyWest SKYW ... 11 17.80 –2.35 ... 414.50 206.86 Tesla TSLA ... cc 303.35 +3.67 ... 45.36 26.86 Veritex VBTX 2.7 11 29.71 +0.12 .20 31.55 12.23 WarnerBrosA WBD ... dd 12.74 –0.29 ... 27.95 2.01 XilioTherap XLO ... dd 3.00 +0.25 ...
178.42 88.76 Skyworks SWKS 2.5 13 99.88 –2.76 .62 8.32 4.16 TesscoTech TESS ... dd 4.62 –0.12 ... 37.14 5.72 Veritone VERI ... dd 7.14 +0.20 ... 50.23 23.74 WarnerMusic WMG 2.4 32 26.85 –1.29 .16 67.47 26.61 Xometry XMTR ... dd 56.68 –1.68 ...
105.98 29.68 SleepNumber SNBR ... 9 40.42 –5.34 ... 192.91 118.55 TetraTech TTEK .7 27 132.94 –7.00 .23 14.69 3.41 VeronaPharma VRNA ... dd 10.19 –0.73 ... 38.06 29.46 WashingtonFederal WAFD 3.1 10 31.30 –0.70 .24 7.75 1.41 Xos XOS ... 12 1.43 –0.16 ...
4.95 1.56 SmartSand SND ... dd 1.66 –0.11 ... 71.60 48.79 TexasCapBcshs TCBI ... 19 62.36 +1.58 ... 13.64 1.77 VerricaPharm VRCA ... dd 3.60 –0.50 ... 60.96 45.60 WashTrBcp WASH 4.3 12 50.02 –0.13 .54 20.72 13.39 Xperi XPER 1.4 dd 14.80 –0.26 .05
4.87 0.70 SmartShareGlbl EM ... dd .76 –0.11 ... 202.26 144.46 TexasInstruments TXN 2.8 18 165.26 –5.48 1.15 22.74 15.70 WaterstoneFinl WSBF 4.5 9 17.60 +0.58 .20 3.40 1.08 Xunlei XNET ... 18 1.55 –0.02 ...
14.30 6.98 VersaBank VBNK 1.0 12 7.36 –0.04.0191 34.33 6.50 Y-mAbsTherap YMAB ... dd 14.64 –1.66 ...
7.42 0.98 SmileDirectClub SDC ... dd 1.14 –0.10 ... 97.43 68.58 TexasRoadhouse TXRH 2.0 25 90.50 –0.68 .46 22.28 9.44 Vertex VERX ... dd 13.98 –1.12 ... 39.45 25.90 WaysideTech WSTG 2.4 11 28.47 –0.68 .17
33.36 16.59 TheBancorp TBBK ... 12 23.15 –1.22 ... 15.24 2.82 Yellow YELL ... dd 5.19 –0.92 ...
24.26 11.19 Smith&Wesson SWBI 3.5 4 11.34 –1.24 .10 305.95 176.36 VertexPharm VRTX ... 23 289.71 –2.40 ... 40.16 16.00 WeatherfordIntl WFRD ... dd 32.23 +1.19 ... 49.89 37.52 YorkWater YORW 1.8 34 44.41 +0.39.1949
24.50 8.90 SnapOne SNPO ... dd 10.60 –1.41 ... 40.90 1.99 TherapeuticsMD TXMD ... dd 7.98 –0.49 ... 71.04 10.70 VerveTherap VERV ... dd 36.55 –2.20 ... 52.05 17.60 Weibo WB ... 16 18.10 –0.50 ...
13.17 6.75 TheravanceBio TBPH ... dd 10.07 +0.90 ... 9.89 9.80 YottaAcqn YOTA ... ... 9.88 +0.02 ...
5.00 0.78 SoYoungIntl SY ... dd .85 –0.17 ... 12.28 7.10 ViaRenewables VIA 9.8 9 7.40 –0.50.1813 19.90 0.96 Wejo WEJO ... dd 1.15 –0.01 ... 0.12 0.06 YottaAcqnRt YOTAR ... ... .07 –0.02 ...
24.65 4.82 SoFiTech SOFI ... dd 6.05 –0.28 ... 24.54 4.86 TheseusPharm THRX ... dd 6.92 –0.61 ... 14.13 4.20 ViantTech DSP ... dd 4.38 –0.48 ... 9.99 9.72 WelsbachTech WTMA ... ... 9.96 –0.01 ...
30.50 17.80 ThirdCoastBcshs TCBX ... 19 18.66 –0.27 ... 1.42 0.50 Yunji YJ ... 20 .85 +0.05 ...
22.71 12.87 Sohu.com SOHU ... 1 17.34 –0.18 ... 68.76 25.38 ViaSat VSAT ... dd 35.93 –1.42 ... 0.30 0.06 WelsbachTechRt WTMAR ... ... .14 +0.07 ... 130.09 22.51 ZaiLab ZLAB ... dd 47.45 –1.35 ...
10.00 3.94 SolGelTech SLGL ... 14 5.82 +0.01 ... 21.49 17.93 ThirdHarmonic THRD ... ... 18.00 ... ... 15.60 9.22 Viatris VTRS 5.2 15 9.30 –0.58 .12 24.48 15.77 Wendy's WEN 2.5 24 19.86 –0.67 .125
2.39 0.50 36Kr KRKR ... 12 1.13 +0.12 ... 34.30 9.93 ZealandPharma ZEAL ... dd 18.15 –0.94 ...
389.71 200.86 SolarEdgeTech SEDG ... cc 310.51 –2.49 ... 18.14 12.65 ViaviSolutions VIAV ... cc 13.93 –0.37 ... 18.22 3.42 WerewolfTherap HOWL ... dd 5.59 –1.83 ... 615.00 283.72 ZebraTech ZBRA ... 31 288.52 –19.32 ...
3.42 0.42 SolidBiosci SLDB ... dd .64 –0.03 ... 10.13 4.00 ThorneHealthtech THRN ... cc 5.38 +0.25 ... 164.76 50.22 Vicor VICR ... 74 62.38 –6.35 ... 48.79 36.29 WernerEnterprises WERN 1.3 10 38.65 –1.52 .13
34.43 12.36 Thoughtworks TWKS ... dd 12.46 –1.24 ... 87.19 17.33 ZentalisPharm ZNTL ... dd 23.86 –5.87 ...
14.85 5.22 SolidPower SLDP ... 18 6.12 –0.50 ... 43.09 22.22 VictoryCapital VCTR 3.4 7 27.16 –1.01 .25 38.37 29.50 WesBanco WSBC 3.8 13 35.85 +1.04 .34 15.73 3.26 ZeroFox ZFOX ... 14 7.06 +2.95 ...
14.72 3.42 SomaLogic SLGC ... dd 3.49 –0.49 ... 23.70 1.90 ThredUp TDUP ... dd 2.60 –0.29 ... 6.80 0.37 View VIEW ... dd 1.85 +0.22 ... 34.50 22.13 WestBancorp WTBA 4.4 8 22.85 –1.74 .25 135.00 68.42 ZiffDavis ZD ... 9 73.84 –4.49 ...
10.88 0.90 Sonder SOND ... dd 1.87 –0.55 ... 28.49 11.15 360DigiTech QFIN 6.6 3 13.72 –0.85 .18 8.25 2.39 ViewRay VRAY ... dd 3.70 +0.12 ... 63.43 53.27 WestamericaBncp WABC 3.1 16 54.71 –1.52 .42 105.85 28.76 Zillow A ZG ... dd 34.10 –4.10 ...
47.49 2.59 Sono SEV ... dd 2.83 –0.17 ... 12.97 9.83 ThriveAcqnA THAC ... 24 10.15 +0.01 ... 18.27 2.18 VigilNeurosci VIGL ... dd 8.63 –0.98 ... 10.00 9.87 WesternAcqn WAVS ... dd 9.98 +0.02 ... 104.05 28.61 Zillow C Z ... dd 34.16 –3.73 ...
37.48 14.53 Sonos SONO ... 18 15.38 –0.65 ... 10.30 9.60 ThunderBridgeIV A THCP ... cc 9.71 –0.03 ... 7.05 2.02 VikingTherap VKTX ... dd 3.23 +0.08 ... 69.36 36.32 WesternDigital WDC ... 8 37.22 –6.58 ... 50.40 13.17 ZimVie ZIMV ... ... 13.28 –1.82 ...
19.19 2.16 SophiaGenetics SOPH ... dd 2.64 –0.44 ... 13.95 3.00 TilrayBrands TLRY ... dd 3.19 –0.21 ... 25.09 20.98 VillageSuper A VLGEA 4.6 13 21.73 –0.05 .25 9.98 7.13 WestNewEngBncp WNEB 3.0 8 8.01 –0.54 .06 75.44 47.92 ZionsBancorp ZION 2.8 11 57.70 –0.97 .41
27.38 14.53 SoteraHealth SHC ... 33 14.73 –0.93 ... 29.90 24.05 TimberlandBncp TSBK 3.2 10 27.13 +0.12 .22 35.62 4.81 Vimeo VMEO ... dd 4.90 –0.98 ... 3.97 0.95 WestportFuelSys WPRT ... dd 1.03 –0.11 ... 291.31 77.33 ZoomVideo ZM ... 24 78.68 –3.94 ...
3.11 1.48 SotherlyHotels SOHO ... dd 2.19 –0.22 ... 38.58 21.50 TitanMachinery TITN ... 8 28.81 –2.93 ... 14.57 8.75 VinciPartners VINP 6.6 15 10.66 –0.43 .17 14.40 9.64 WestrockCoffee WEST ... dd 10.03 –0.76 ... 79.17 30.31 ZoomInfoTech ZI ... cc 41.99 –3.22 ...
10.26 9.96 SoundPointA SPCM ... ... 10.16 +0.02 ... 1.70 0.53 TizianaLife TLSA ... ... .55 –0.24 ... 12.38 3.00 VintageWineEstates VWE ... dd 3.10 –2.64 ... 32.45 21.85 WeycoGroup WEYS 4.2 9 22.93 –1.22 .24 2.53 0.22 Zovio ZVO ... dd .22 –0.03 ...
29.89 22.06 SouthPlainsFin SPFI 1.7 9 28.11 +0.48 .12 23.00 6.17 Torm TRMD .0 19 21.66 +0.09 .58 5.39 1.14 ViomiTech VIOT ... dd 1.22 –0.09 ... 43.22 17.09 Willdan WLDN ... dd 17.97 –2.79 ... 376.11 125.12 Zscaler ZS ... dd 169.49 –18.51 ...
93.34 62.60 SouthState SSB 2.5 13 81.17 –1.05 .50 49.13 28.42 TowerSemi TSEM ... 24 45.02 –0.88 ... 58.00 18.21 VirBiotech VIR ... 2 20.02 –2.36 ... 43.38 30.22 WillisLease WLFC ... dd 35.69 –0.84 ... 55.10 22.98 Zumiez ZUMZ ... 8 23.46 –4.10 ...
65.59 41.83 SouthernFirstBcsh SFST ... 8 42.94 –1.45 ... 34.79 26.18 TowneBank TOWN 3.2 11 28.43 –0.16 .23 8.88 1.82 ViractaTherap VIRX ... dd 5.69 +0.42 ... 249.70 187.89 WillisTowers WTW 1.6 7 206.00 –7.80 .82 14.43 1.10 Zymergen ZY ... dd 2.66 +0.03 ...
61.93 39.75 SoMO Bancorp SMBC 1.6 10 52.95 +0.54 .21 241.54 166.49 TractorSupply TSCO 1.9 21 190.02 –10.90 .92 5.00 2.63 VircoMfg VIRC ... dd 4.80 +0.68 ... 5.78 1.58 WiMiHologram WIMI ... dd 1.80 –0.01 ... 4.63 0.84 ZynerbaPharma ZYNE ... dd 1.09 –0.10 ...
29.35 18.90 SouthernStBcsh SSBK 1.3 13 27.81 +1.81 .09 114.09 39.00 TradeDesk TTD ... cc 61.89 –4.99 ... 11.28 2.59 VirginOrbit VORB ... dd 3.67 –0.38 ... 187.35 67.67 Wingstop WING .6 cc 136.75 –9.04 .19 14.24 4.97 Zynex ZYXI .0 20 9.48 +0.06 .10
45.36 35.44 SouthsideBcshs SBSI 3.6 11 38.16 +0.48 .34 102.33 59.82 Tradeweb TW .5 52 64.36 –3.64 .08
17.41 9.52 SovosBrands SOVO ... dd 14.46 –1.13 ... 14.95 3.60 TransActTechs TACT ... dd 4.59 +0.08 ...
37.48 20.26 SpartanNash SPTN 2.9 17 29.33 –2.22 .21 101.05 50.32 Transcat TRNS ... 53 74.37 +0.88 ...
2.53 0.60 SpectrumPharm SPPI ... dd 1.08 –0.22 ... 5.28 0.98 TransCodeTherap RNAZ ... dd 1.11 –0.02 ...
56.41 10.00 TransMedics TMDX ... dd 49.98 –3.41 ...
Europe Asia
19.87 0.68 SperoTherap SPRO ... dd .90 –0.22 ...
10.87 9.55 SpindletopHlth SHCA ... 19 10.02 –0.02 ... 64.58 31.19 TravelCenters TA ... 8 58.96 +5.42 ...
176.66 84.63 Splunk SPLK ... dd 90.79 –3.66 ... 13.90 5.05 Travelzoo TZOO ... 24 5.78 –0.14 ...
11.46 6.13 SpokHoldings SPOK17.2 dd 7.28 +0.04.3125 31.65 20.80 TravereTherap TVTX ... dd 26.57 –0.76 ...
27.55 7.10 Sportradar SRAD ... cc 10.55 –0.35 ... 31.02 12.48 TreaceMed TMCI ... dd 22.76 –0.77 ... Discounted: Britain’s cost-of-living crisis dented retail sales. Developing Story: China’s property market continued its
17.95 7.75 SportsmansWrhs SPWH ... 4 8.45 –0.80 ... 10.87 3.19 TreanInsurance TIG ... 7 3.70 –0.40 ...
10.88 9.79 SportsMapTech SMAP ... dd 9.96 –0.02 ... 22.25 7.10 TremorIntl TRMR ... 11 7.45 –0.23 ... Europe’s central bank plans further rate hikes to beat inflation. slump, while Japan’s yen fell near levels last seen in 1998.
5.44 1.19 SpringBig SBIG ... 16 1.19 –0.41 ... 4.68 0.46 TreviTherap TRVI ... dd 3.26 +0.01 ...
77.70 13.60 SpringWorks SWTX ... dd 28.10 –0.25 ... 13.85 4.10 Tricida TCDA ... dd 10.77 –0.43 ...
49.89 37.41 TriCoBancshares TCBK 2.5 14 47.16 +0.10 .30
35.34 21.18 SproutsFarmers SFM ... 12 27.86 –2.77 ...
38.72 23.85 TriMas TRS .6 17 26.21 –1.10 .04 -1.43% S&P Europe BMI -0.71% S&P Pan Asia BMI
7.73 1.25 SpruceBio SPRB ... dd 1.70 –0.10 ...
91.96 55.35 Trimble TRMB ... 29 58.68 –4.40 ...
147.99 49.03 StaarSurgical STAA ... cc 85.36 –11.45 ...
2.50 0.86 TrinityBiotech TRIB ... dd 1.21 –0.03 ... Italy 0.98 Indonesia 1.82
11.04 4.80 Stagwell STGW ... cc 7.28 +0.13 ...
20.26 13.81 TrinityCapital TRIN 9.9 7 15.29 +0.24 .15
6.98 1.26 StdBioTools LAB ... dd 1.35 –0.04 ...
33.27 14.29 Trip.com TCOM ... dd 25.13 –0.42 ... Spain 0.53 India 0.62
33.99 17.80 StarBulkCarriers SBLK33.4 2 19.60 –0.87 1.65
39.04 16.87 TripAdvisor TRIP ... dd 24.39 –0.87 ...
3.10 0.72 StarEquity STRR ... dd 1.08 +0.05 ...
19.75 5.43 TritiumDCFC DCFC ... dd 5.87 –0.96 ...
-0.25 Norway South Korea 0.52
117.80 68.39 Starbucks SBUX 2.1 26 91.31 +2.62 .49
136.01 57.15 TriumphBancorp TBK ... 13 61.16 –1.09 ...
1.51 0.16 StealthBioTher MITO ... dd .32 ... ... 3.20 1.42 trivago TRVG ... dd 1.48 –0.03 ...
-0.39 Greece Taiwan 0.48
4.18 1.91 StealthGas GASS ... dd 3.06 –0.04 ... 4.64 1.71 TrueCar TRUE ... dd 1.75 –0.26 ...
100.37 50.54 SteelDynamics STLD 1.8 3 75.02 –11.50 .34 158.25 50.81 Trupanion TRUP ... dd 64.84 –9.18 ...
-0.82 Belgium -0.44 Philippines
55.19 22.39 StepStone STEP 2.9 10 27.90 –2.21 .20 37.10 29.50 TrustcoBank TRST 4.1 10 33.81 +0.43 .35
70.91 40.35 Stericycle SRCL ... dd 49.41 –1.86 ... 35.30 26.67 Trustmark TRMK 2.9 18 32.20 +0.50 .23
-1.02 France -0.59 Singapore
28.99 14.65 SterlingCheck STER ... dd 20.13 –2.09 ... 9.35 1.60 TScanTherap TCRX ... dd 2.92 –0.38 ...
32.14 20.74 SterlingInfr STRL ... 9 23.90 –1.37 ... 1.64 0.46 Tuniu TOUR ... dd .70 –0.02 ...
-1.06 U.K. -0.71 Australia
51.56 28.41 StevenMadden SHOO 2.9 9 29.27 –1.31 .21 32.15 7.21 TurtleBeach HEAR ... dd 7.94 –0.31 ...
44.65 4.61 StitchFix SFIX ... dd 4.78 –0.76 ... 43.79 5.99 TuSimple TSP ... dd 7.70 –0.21 ...
-1.17 Finland -0.79 Japan
72.77 50.83 StockYardsBncp SYBT 1.7 23 67.78 –0.44 .29 13.68 2.12 23andMe ME ... dd 3.05 –0.52 ...
33.06 9.55 StokeTherap STOK ... dd 15.67 +0.48 ... 18.20 7.91 TwinDisc TWIN ... 22 13.04 –0.74 ...
-1.72 Germany -0.85 Thailand
41.77 6.81 StoneCo STNE ... dd 9.04 –0.41 ... 139.99 25.07 TwistBiosci TWST ... dd 37.58 –6.46 ...
98.13 52.31 StoneX SNEX ... 11 84.37 –2.89 ... 64.00 9.91 2seventybio TSVT ... dd 14.43 –1.58 ...
-1.76 Switzerland -1.56 Malaysia
42.83 15.15 Stratasys SSYS ... dd 15.67 –1.44 ... 35.99 6.68 2U TWOU ... dd 7.50 –0.48 ...
75.03 48.01 StrategicEd STRA 3.8 32 63.54 –0.85 .60 31.36 4.93 TyraBiosciences TYRA ... dd 7.74 –0.40 ...
-2.14 Sweden -1.97 New Zealand
45.21 23.70 Strattec STRT ... 14 24.80 +0.52 ...
46.44 27.96 StratusProp STRS .0 3 29.13 –7.12 4.67 U -2.69 Netherlands -2.10 Hong Kong
35.80 1.24 StrongholdDig SDIG ... dd 1.24 –0.37 ... 94.80 64.13 UFP Inds UFPI 1.4 7 73.45 –4.30 .25
30.83 23.18 SummitFin SMMF 3.0 7 26.97 –1.73 .20 112.24 81.57 UMB Fin UMBF 1.7 10 89.53 –0.83 .37
-3.46 Denmark -2.20 China
20.00 14.15 SummitStateBk SSBI 3.0 7 15.83 +0.68 .12 18.75 11.00 USCB Financial USCB ... ... 14.36 –0.38 ...
6.79 0.88 SummitTherap SMMT ... dd 1.29 ... ... 138.95 102.15 US Lime&Min USLM .8 16 106.41 +1.02 .20 Indexes based on S&P Global Broad Market Indices Source: S&P DJ Indices
18.88 6.57 SumoLogic SUMO ... dd 8.16 –0.82 ... 10.31 9.72 UTA Acqn A UTAA ... dd 9.97 ... ...
36.87 16.98 SunCountryAir SNCY ... 76 17.02 –2.41 ... 7.43 0.52 uCloudlink UCL ... dd .55 –0.04 ...
11.47
34.61
60.60
4.22
12.78
16.80
SunOpta
SunPower
SunRun
STKL ...
SPWR ...
RUN ...
dd
dd
dd
9.62
26.65
37.10
–0.31 ...
–1.48 ...
–1.35 ...
32.62
451.30
60.84
9.47
330.80
26.00
Udemy
UltaBeauty
UltraClean
UDMY
ULTA
UCTT
...
...
...
dd
20
16
14.21
418.66
27.56
–1.79
–24.24
–2.19
...
...
...
Key Foreign Stock Market Indexes
74.93 34.11 SuperMicroComp SMCI ... 12 62.30 –4.58 ... 99.79 44.76 UltragenyxPharm RARE ... dd 46.03 –3.21 ... Most Recent Week’s Year-to-Date Most Recent Week’s Year-to-Date
27.26 9.59 SuperiorGroup SGC 5.8 dd 9.63 –1.52 .14 7.76 4.16 Ultralife ULBI ... dd 4.75 –0.25 ... Close %Chg. Chg. % Chg. Close %Chg. Chg. % Chg.
36.08 24.95 SupernusPharms SUPN ... 35 34.90 +0.25 ... 22.06 15.77 Umpqua UMPQ 4.7 11 17.70 –0.49 .21
8.38 1.22 SurfaceOncol SURF ... dd 1.22 –0.15 ... 4.06 1.52 UnicoAmerican UNAM ... dd 1.69 ... ... Amsterdam AEX 664.83 –3.08 –133.10 –16.68 Milan FTSE All Share 24307 +0.96 –5634.69 –18.82
44.10 2.95 Surgalign SRGA ... dd 3.91 –0.12 ... 33.45 24.43 UnionBankshares UNB 5.7 9 24.61 –0.90 .35
63.87 24.05 SurgeryPartners SGRY ... dd 27.51 –2.96 ... Athens General 836.17 –0.68 –57.17 –6.40 Moscow RTS 1275.03 +0.97 –320.73 –20.10
38.80 12.52 uniQure QURE ... dd 19.39 –1.11 ...
59.62 29.95 Surmodics SRDX ... dd 31.28 –1.68 ... 54.52 30.54 UnitedAirlines UAL ... dd 37.48 –1.78 ... Bangkok SET 1630.40 –1.46 –27.22 –1.64 Oslo Composite 1353.07 –2.13 +45.38 +3.47
23.70 3.33 SutroBioph STRO ... dd 5.70 –0.12 ... 40.85 31.74 UnitedBkshrsWV UBSI 3.9 14 36.81 +0.12 .36
10.20 9.03 SwiftmergeAcqn IVCPU ... ... 9.95 –0.02 ... 39.32 27.62 UtdCmtyBks UCBI 2.6 14 33.66 +0.53 .22 Bombay Sensex 58840 –1.59 +586.97 +1.01 Paris CAC 6077.30 –2.17 –1075.73 –15.04
11.37 9.67 SwiftmergeA IVCP ... dd 9.89 –0.04 ... 37.26 19.85 UnitedFire UFCS 2.1 12 30.53 +0.58 .16
11.40 1.10 Swvl SWVL ... dd 1.20 –0.36 ... 26.09 11.91 UnitedGuardian UG 5.9 16 12.48 –2.52 .37 Brussels Bel-20 3592.32 –1.94 –717.83 –16.65 Santiago Selective 3391.52 –1.59 +585.35 +20.86
28.48 9.01 Symbotic SYM ... dd 13.03 +1.56 ... 8.74 6.54 UnitedSecBcshrs UBFO 6.7 9 6.54 –0.37 .11 Buenos Aires Merval 145741 +0.76 +62241 +74.54 Sao Paulo Bovespa 109280 –2.69 +4457.93 +4.25
299.39 104.66 Synaptics SYNA ... 17 107.93 –14.30 ... 245.48 158.38 UnitedTherap UTHR ... 17 218.11 –5.37 ...
3.09 1.06 Synchronoss SNCR ... dd 1.30 –0.17 ... 14.60 8.45 Uniti UNIT 7.0 11 8.54 –1.03 .15 Copenhagen OMX 20 1587.95 –6.34 –276.04 –14.81 Seoul Composite 2382.78 –0.06 –594.87 –19.98
25.71 13.27 SyndaxPharm SNDX ... cc 23.14 –1.43 ... 31.37 22.30 UnityBancorp UNTY 1.7 7 26.30 –1.40 .11
104.18 50.75 SyneosHealth SYNH ... 19 51.51 –10.47 ... 3.64 0.42 UnityBiotech UBX ... dd .47 –0.05 ... Dublin ISEQ 6933.96 –1.55 –1510.56 –17.89 Shanghai Composite 3126.40 –4.16 –513.38 –14.10
4.04 0.83 Synlogic SYBX ... dd 1.12 +0.03 ... 199.64 98.71 UnivDisplay OLED 1.2 26 101.69 –6.41 .30
391.17 255.02 Synopsys SNPS ... 48 314.21 –25.97 ... EURO STOXX SXXE 386.04 –2.42 –92.80 –19.38 Shenzhen B Share Idx 1185.47 –2.21 +11.67 +0.99
51.75 18.59 UnivElectro UEIC ... dd 19.58 –0.49 ...
4.37 1.82 SyprisSolutions SYPR ... cc 1.82 –0.08 ... 40.76 15.86 UnivLogistics ULH 1.3 8 32.15 –2.49 .105 EURO STOXX 50 SXSE 3500.41 –1.95 –798.00 –18.56 Singapore FTSE STI 3268.29 +0.16 +144.61 +4.63
5.22 0.65 SyrosPharm SYRS ... dd .73 +0.04 ... 10.99 6.87 UnivStainless USAP ... 21 7.16 –0.62 ...
T 2.67 0.50 UniversePharm UPC ... 2 .64 +0.09 ... Frankfurt DAX 12741 –2.65 –3143.60 –19.79 Stockholm OMXS 741.56 –3.40 –295.58 –28.50
31.93 24.02 UnivestFin UVSP 3.5 10 24.30 –0.62 .21
12.33 2.07 TCR2 Therap TCRR ... dd 2.26 –0.14 ... 13.28 2.68 UpFintech TIGR ... 76 3.57 –0.30 ... Helsinki OMHX 10364 –2.60 –2497.86 –19.42 STOXX Europe 50 SXSP 3454.04 –2.42 –364.42 –9.54
14.00 5.15 TelaBio TELA ... dd 8.25 –0.50 ... 37.29 9.20 UplandSoftware UPLD ... dd 9.38 –0.70 ...
9.96 3.60 TFF Pharm TFFP ... dd 5.19 –0.12 ... Hong Kong Hang Seng 18761 –3.10 –4635.98 –19.81 STOXX Europe 600 SXXP 408.24 –2.89 –79.56 –16.31
401.49 22.42 Upstart UPST ... 28 24.47 –3.06 ...
20.50 12.81 TFS Fin TFSL 8.3 59 13.64 –0.65.2825 61.90 14.85 Upwork UPWK ... dd 16.00 –1.91 ... Istanbul IMKB 3377.33 –4.09 +1519.68 +81.81 Sydney S&P/ASX 200 6739.10 –2.25 –705.54 –9.48
10.42 9.78 TGVentureAcqn TGVC ... dd 9.96 –0.01 ... 38.17 17.81 UrbanOutfitters URBN ... 10 21.64 –0.67 ...
11.04 9.77 TKBCriticalTech1 USCT ... 19 10.12 ... ... 19.66 4.85 UroGenPharma URGN ... dd 8.72 +0.83 ... Jakarta Composite 7168.87 –1.02 +587.39 +8.92 Taipel Weighted 14561 –0.15 –3657.08 –20.07
10.50 9.67 TLGY Acqn A TLGY ... 30 10.07 ... ... 8.62 1.37 Usio USIO ... dd 1.50 –0.14 ...
12.00 0.79 TMCthemetals TMC ... dd 1.25 +0.23 ... 133.87 80.10 UtahMedProducts UTMD 1.3 20 86.50 –5.40 .29 Johannesburg All Share 66584 –3.09 –7125.05 –9.67 Tel Aviv 125 Index 2015.55 –0.22 –40.96 –1.99
148.04 101.51 T-MobileUS TMUS ... cc 139.95 –5.75 ... 5.36 2.44 UTStarcom UTSI ... dd 3.61 –0.34 ... Kuala Lumpur Composite 1467.31 –1.95 –100.22 –6.39 Tokyo Nikkei-225 27567 –2.29 –1224.06 –4.25
35.40 23.09 TPG TPG 5.4 dd 30.82 –1.95 .39 3.18 0.36 Uxin UXIN ... dd .69 –0.01 ...
37.25 9.23 TPIComposites TPIC ... dd 14.66 –1.65 ... LISBON PSI 4648.49 –1.47 +464.31 +11.10 Toronto S&P/TSX 19385 –1.96 –1836.96 –8.66
223.36 104.72 TRowePrice TROW 4.4 11 110.13 –14.26 1.20 V
103.65 47.69 TTEC TTEC 2.0 23 48.99 –3.85 .50 2.38 0.24 VEON VEON ... 1 .36 –0.05 ... London FTSE - 100 7236.68 –1.56 –147.86 –2.00 Vienna ATX 2914.36 –1.58 –946.70 –24.52
17.49 9.76 TTM Tech TTMI ... 20 14.44 –1.03 ... 10.29 9.82 VMGConsumerA VMGA ... ... 9.97 +0.04 ...
10.27 2.16 Taboola TBLA ... 33 2.18 –0.38 ... 19.66 3.51 VNET VNET ... dd 6.11 +1.52 ... Madrid IBEX 35 7984.70 –0.60 –729.10 –8.37 Wellington S&P/NZX 50 11580 –1.51 –1453.31 –11.15
31.63 2.09 TabulaRasaHlth TRHC ... dd 4.80 +0.21 ... 13.41 5.85 VOXX Intl VOXX ... dd 7.36 –1.07 ... Manila Composite 6548.77 –0.87 –573.86 –8.06 Zurich Swiss 10610 –2.66 –2265.01 –17.59
46.41 6.28 TactileSystems TCMD ... dd 8.21 –0.40 ... 65.42 31.85 VSE VSEC 1.0 17 38.99 –1.85 .10
195.83 101.85 TakeTwoSoftware TTWO ... 82 124.19 –3.59 ... 11.00 2.38 Vacasa VCSA ... dd 3.49 –0.51 ... Mexico City IPC 46769 –0.58 –6502.66 –12.21 Indexes are based on local currencies. Because of various holidays and other market closings, the most
17.48 2.04 TalarisTherap TALS ... dd 3.32 –0.54 ... 16.20 2.76 Vaccitech VACC ... ... 3.06 –0.60 ... recent close is not necessarily that of the week of publication.
7.99 0.72 TalisBiomed TLIS ... dd .84 –0.06 ... 10.49 9.85 VahannaTechI A VHNA ... dd 10.08 +0.02 ...
4.86 1.00 Talkspace TALK ... dd 1.02 –0.24 ... 15.10 10.01 ValleyNatlBncp VLY 3.7 12 11.78 –0.16 .11
50 BARRON’S September 19, 2022

D ATA TOP 500 EXCHANGE-TRADED PORTFOLIOS B A R R O N S .C O M / D ATA

Tick Div Tick Div Tick Div Tick Div Tick Div
NOTICE TO READERS: Listed are Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt.
the top 500 ETF’s based on weekly iShCoreS&PUSGrowth IUSG .9 86.84 –5.22 .1996 DirexGoldMinBr2 DUST ... 25.70 +2.10 ... HartfordMultiDvxUS RODM 6.1 23.63 –0.77 .7087 iShMSCICanada EWC 2.2 33.56 –1.33 .276 SPDRGoldMini GLDM ... 33.23 –0.84 ...
volume. iShCoreS&PUSValue IUSV 2.2 68.09 –2.71 .3701 DirexGoldMinBl2 NUGT ... 25.37 –2.53 ... HealthCareSelSect XLV 1.5 127.45 –3.05 .5042 iShMSCI EAFE EFA 5.0 60.40 –2.04 1.4976 SPDR Gold GLD ... 155.84 –3.98 ...
iShCoreTotalUSDBd IUSB 2.2 45.67 –0.46 .0994 DirexHmbldrBull3 NAIL ... 25.11 –5.48 ... iMGPDBiMgdFutures DBMF 4.6 32.91 +0.13 2.6772 iShMSCIEmgMarkets EEM 2.9 37.79 –1.21 .3619 SPDRNuvBBHYMuni HYMB 3.7 49.77 –0.34 .1565
Tick Div
Name Sym Yld Last Chg. Amt. iShSelectDividend DVY 3.1 118.33 –5.05 .867 DirexJrGoldMinBr2 JDST ... 14.96 +1.53 ... IndSelSectorSPDR XLI 1.6 89.21 –6.08 .3742 iShMSCIFrance EWQ 6.8 29.37 –0.87 .9483 SPDRNuveenMuniBd TFI 1.8 45.00 –0.33 .0713
iShESGAwareMSCI ESGD 4.1 60.66 –2.12 1.396 DirexJrGoldMnBl2 JNUG ... 26.63 –3.46 ... InspireCorpBd IBD 1.2 23.21 –0.10 .0296 iShMSCIGermany EWG 3.8 21.61 –0.81 .7919 SPDRNuveenSTMuni SHM .7 46.76 –0.24 .0265
Bats iShESGAwareEM ESGE 3.7 29.99 –1.01 .2762 DirexRealEstBr3 DRV ... 50.13 +8.37 ... InvscCA AMT-Fr PWZ 2.5 23.86 –0.19 .0483 iShMSCIHongKong EWH 3.0 19.92 –0.34 .3303 SPDRPtfAggBd SPAB 2.4 25.62 –0.24 .0532
ARKGenomicRev ARKG .0 35.74 –2.00 .3824 iShESGAwareUSA ESGU 1.4 86.16 –4.56 .2759 DirexRealEstBl3 DRN 1.6 13.37 –2.97 .0446 InvscDBComm DBC ... 24.88 –0.51 ... iShMSCIIndonesia EIDO 2.1 24.27 –0.10 .3354 SPDRPtfDevxUS SPDW 4.2 27.97 –0.95 .5851
BlkRkShMaturityBd NEAR 1.0 49.30 –0.02 .0825 iShESGIUSALdrs SUSL 1.5 66.65 –3.71 .2193 DirexRegBksBl3x DPST 1.1 29.39 –1.70 .0861 InvscDBAgriFd DBA ... 20.52 –0.15 ... iShMSCIIntlQual IQLT 3.7 29.81 –1.11 .7128 SPDRPtfEM SPEM 4.2 33.23 –1.15 .4585
BlkRkShMatMuni MEAR .4 49.71 –0.02 .0558 iShFallAngelsUSDBd FALN 4.5 24.92 –0.41 .1026 DirexRetailBull3 RETL 1.0 8.37 –1.63 .0123 InvscDBOilFund DBO ... 16.24 –0.25 ... iShMSCIIntlValue IVLU 4.9 21.49 –0.44 .5335 SPDRPtfIntermCpBd SPIB 2.1 32.10 –0.24 .0787
BlkRkUltShtBd ICSH .8 50.02 –0.02 .0922 iSh5-10YIGCorpBd IGIB 2.8 50.09 –0.50 .1287 DirexS&P500Br3 SPXS ... 23.68 +3.02 ... InvscDBUSDBull UUP ... 29.40 +0.21 ... iShMSCIItaly EWI 5.3 23.75 –0.07 .8162 SPDR PtfIntTrea SPTI 1.0 28.70 –0.23 .0354
CambriaTailRisk TAIL .8 16.29 +0.33 .0507 iShGSCICmDynRoll COMT 14.7 37.33 –0.69 5.4941 DirexS&P500Bl3 SPXL .3 67.97 –11.52 .0776 InvscEMSovDebt PCY 7.2 18.30 –0.59 .117 iShMSCIJapan EWJ 2.8 51.63 –1.44 .5459 SPDRPtfLTCorpBd SPLB 4.2 23.10 –0.37 .0853
DimenIntlCore2 DFIC 2.1 20.90 –0.71 .1087 iShGlbCleanEner ICLN 1.2 22.11 –0.82 .1403 DirexS&PBiotechBr3 LABD ... 21.54 +2.84 ... InvscFTSERAFIEM PXH 6.8 17.69 –0.67 .3902 iShMSCIMalaysia EWM 5.8 21.57 –0.72 .4652 SPDRPtfLgTermTrea SPTL 2.4 30.95 –0.38 .0696
DimenIntlSCValue DISV 1.4 20.34 –0.68 .0708 iShiBdsDec25Trea IBTF 1.2 23.51 –0.13 .0424 DirexS&PBiotechBl3 LABU ... 8.30 –1.63 ... InvscNatAMTFrMuni PZA 2.7 22.79 –0.15 .0514 iShMSCIMexico EWW 3.1 45.96 –0.70 .7535 SPDRPtfMtgBkdBd SPMB 2.9 22.10 –0.28 .0531
FTCboeUSBuffSep FSEP ... 33.34 –0.65 ... iShiBdsDec24Trea IBTE 1.1 24.06 –0.11 .0496 DirexS&P500Br1 SPDN ... 16.58 +0.76 ... InvscPreferred PGX 6.7 12.22 –0.09 .058 iShMSCIPacificxJp EPP 6.7 40.65 –1.63 1.1597 SPDRS&P500Value SPYV 2.3 37.40 –1.51 .2221
GlbXUSInfrDevt PAVE .7 24.56 –2.00 .0806 iShiBdsDec23Trea IBTD .8 24.77 –0.06 .0465 DirexHiBetaBear3X HIBS ... 8.66 +1.20 ... InvscS&P500EW RSP 1.7 138.75 –6.99 .7034 iShMSCISaudiArabia KSA 1.4 42.69 –0.44 .3292 SPDRPtfS&P1500 SPTM 1.6 47.77 –2.36 .2038
GS PhysGold AAAU ... 16.61 –0.43 ... iShJPMUSDEmgBd EMB 5.1 84.20 –1.93 .3456 DirexS&POil&GasBr2 DRIP ... 16.63 +1.20 ... InvscS&P500HiBeta SPHB 1.0 64.19 –3.56 .0991 iShMSCISthKorea EWY 3.1 54.40 –1.45 1.6785 SPDRPtfS&P500 SPLG 1.6 45.53 –2.28 .1938
InnovS&P500Sep PSEP ... 29.05 –0.79 ... iShMBSETF MBB 1.4 94.43 –1.03 .1841 DirexS&POilBl2 GUSH .1 155.14 –15.29 .108 InvscS&P500HiDiv SPHD 3.8 43.24 –1.64 .1406 iShMSCISpain EWP 3.6 22.24 –0.26 .3723 SPDRS&P500Growth SPYG .9 54.19 –3.32 .1309
iPathS&P500VIX VXX ... 19.81 +1.34 ... iShMSCI ACWI ACWI 2.3 83.99 –3.74 .8468 DirexSemiBr3x SOXS ... 52.89 +7.62 ... InvscS&P500LowVol SPLV 2.0 62.60 –2.23 .1138 iShMSCISweden EWD 8.1 29.53 –1.27 .9925 SPDRS&P500HiDiv SPYD 4.0 39.18 –2.15 .4184
iShBrdUSDHYCpBd USHY 5.9 34.97 –0.70 .1932 iShMSCIACWIxUS ACWX 4.0 43.15 –1.46 .8374 DirexSemiBl3 SOXL .3 12.06 –2.59 .0188 InvscS&P500Qual SPHQ 1.7 42.77 –2.15 .2007 iShMSCISwitz EWL 2.1 40.10 –1.57 .8573 SPDRPtfS&P400MC SPMD 1.6 41.80 –2.06 .1865
iShConvBond ICVT 1.7 72.50 –1.77 .114 iShMSCIACxJpn AAXJ 2.7 63.90 –2.16 .1305 DirexScBear3 TZA ... 37.30 +4.52 ... InvscSrLoan BKLN 3.5 20.83 –0.21 .0786 iShMSCITaiwan EWT 2.9 47.80 –1.70 1.7603 SPDRPtfS&P600SC SPSM 1.7 36.62 –1.59 .1548
iShCoreMSCIEAFE IEFA 4.8 57.04 –1.94 1.3319 iShMSCIChina MCHI 1.3 46.19 –2.17 .312 DirexSCBull3 TNA .1 36.60 –5.79 .0504 InvscSolar TAN ... 84.98 –2.81 ... iShMSCIUK EWU 5.1 28.37 –0.95 .5803 SPDRPtfSTCpBd SPSB 1.3 29.51 –0.12 .0532
iShCurrHdgMSCIEAFE HEFA 4.4 31.44 –0.83 .7843 iShMSCI EAFE SC SCZ 4.9 53.07 –1.95 1.125 DirexTechBear3 TECS ... 44.27 +6.99 ... InvscTaxMuniBd BAB 3.2 26.48 –0.21 .0733 iShMSCIWorldETF URTH 1.9 108.01 –4.89 1.0067 SPDRShtTermTrea SPTS .6 29.08 –0.15 .031
iShIntlSelDiv IDV 7.5 25.56 –0.73 .6489 iShMSCIEMxChina EMXC 2.8 47.85 –1.30 .5071 DirexTechBull3 TECL ... 27.36 –6.25 ... InvscUltShtDur GSY .8 49.59 –0.02 .0729 iShNatlMuniBd MUB 2.0 104.63 –0.71 .1985 SPDR PtfTIPS SPIP 7.9 26.53 –0.33 .3502
iShTransportAvg IYT 1.1 215.64 –19.79 .6753 iShMSCIEurFinls EUFN 6.9 15.80 +0.02 .6705 Direx20+YrTrBull TMF .5 9.97 –0.36 .0256 InvscVarRtPfd VRP 5.1 22.81 –0.05 .1134 iShRussell1000Gwth IWF .7 227.36 –13.05 .3913 SPDRS&PBank KBE 2.6 47.92 –0.99 .2865
iShUSAero&Def ITA .8 98.54 –4.58 .2784 iShMSCITurkeyETF TUR 2.7 24.11 –0.95 .5523 DirexNasd100EW QQQE .7 64.92 –3.78 .1398 InvscWildClnEngy PBW 2.5 57.32 –1.15 .3164 iShRussell1000Val IWD 1.9 148.03 –6.56 .644 SPDRS&PGlbNatRes GNR 4.4 52.62 –2.77 1.1652
iShUSHomeConstrn ITB .8 54.29 –3.37 .1016 iSh1-5YIGCorpBd IGSB 1.8 50.02 –0.30 .089 ETFMGAltHarvest MJ 3.8 5.35 –0.48 .07 iSh0-5YTIPSBd STIP 6.7 98.22 –0.52 1.2508 iShRussell2000Gwth IWO .5 221.20 –12.15 .2468 SPDRS&PInsurance KIE 1.9 38.31 –1.06 .1777
iShUSOil&GasExpln IEO 2.5 91.07 –1.76 .5754 iShParisClimt PABU .8 42.83 –2.25 .1125 ETFMGPrmJrSilv SILJ .5 8.98 –0.49 .0449 iShCalifMuniBd CMF 1.8 55.50 –0.52 .089 iShRussell2000 IWM 1.3 178.99 –8.41 .4941 SPDRS&PRegionalBkg KRE 2.3 62.95 –1.10 .3553
iShUSTelecomm IYZ 2.9 23.57 –1.29 .1529 iShPfd&Incm PFF 5.0 32.66 –0.48 .1509 ETFMG US Alt MJUS ... 2.54 –0.28 ... iShChinaLC FXI 2.1 27.99 –1.38 .1459 iShRussell2000Val IWN 2.0 141.40 –5.78 .5785 SchwabEM Equity SCHE 3.0 24.06 –0.82 .0754
iShEdgeMSCIMinEAFE EFAV 2.9 60.56 –1.55 1.1093 iShGlobalInfra IGF 2.5 46.69 –1.61 .705 EnSelSectorSPDR XLE 3.6 78.44 –2.16 .8151 iShConsAllocat AOK 2.0 33.94 –0.60 .0397 iShRussell3000 IWV 1.4 224.42 –11.37 .634 SchwabFundEmgLrg FNDE 5.6 25.18 –0.87 1.1302
iShEdgeMSCIMinVlEM EEMV 2.0 53.38 –0.97 .2704 iShSemiconductor SOXX 1.0 354.17 –21.42 .628 FidelityMSCIEn FENY 3.1 21.42 –0.81 .229 iShCoreDivGrowth DGRO 2.2 48.21 –2.01 .2347 iShRussellMid-Cap IWR 1.4 67.69 –3.66 .2053 SchwabFundIntLrgCo FNDF 4.3 27.39 –0.70 .2833
iShEdgeMSCIMinUSA USMV 1.5 70.58 –3.02 .2217 iShShortTreaBd SHV .4 109.95 –0.04 .1612 FidelityMSCIUtils FUTY 2.5 47.59 –2.12 .346 iShGrwthAllocation AOR 2.2 47.32 –1.38 .353 iShRussell1000 IWB 1.4 213.89 –11.00 .6245 SchwabFundUSLrgCo FNDX 2.0 51.98 –2.37 .2939
iShEdgeMSCIUSAMom MTUM 1.1 139.81 –4.22 .3729 iSh1-3YTreasuryBd SHY .6 81.67 –0.41 .1005 FidelityTotalBd FBND 2.5 45.81 –0.50 .127 iShCoreHiDividend HDV 3.1 100.30 –2.75 .5697 iShRussellTop200Gr IWY .7 129.18 –7.41 .1971 SchwabIntmUSTrsr SCHR 1.5 50.12 –0.41 .1061
iShEdgeMSCIUSAQual QUAL 1.4 112.60 –7.09 .4216 iSh7-10YTreaBd IEF 1.5 98.68 –1.01 .179 FinSelSectorSPDR XLF ... 33.06 –1.30 ... iShCoreMSCIEM IEMG 4.2 46.53 –1.54 .6044 iShS&P500Growth IVW .7 62.55 –3.84 .1053 SchwabIntlDiv SCHY 2.9 21.49 –0.55 .3846
iShEdgeMSCIUSAVal VLUE 3.2 90.32 –4.23 .6833 iSh20+YTreasuryBd TLT 2.2 107.07 –1.24 .2361 FT DJ Internet FDN ... 135.51 –8.71 ... iShCoreMSCIEurope IEUR 4.4 43.06 –1.54 1.1109 iShS&P500Value IVE 2.1 139.70 –5.54 .5865 SchwabIntEquity SCHF 3.9 30.44 –1.03 .276
iShExpTechSftwr IGV .0 266.64 –24.07 .0234 iSh0-5YInvGrdCpBd SLQD 1.6 48.03 –0.23 .0956 FT EnergyAlpDx FXN 1.5 17.16 –0.50 .1131 iShMSCIIntlDev IDEV 4.5 52.28 –1.80 1.1738 iShS&PGSCIComm GSG ... 21.38 –0.49 ... SchwabIntlSC SCHC 3.3 30.57 –1.18 1.0061
iShFloatingRateBd FLOT .8 50.33 –0.07 .1075 JPMNasdEqPrem JEPQ 11.3 44.50 –2.35 .5463 FT MngstrDiv FDL 3.4 35.36 –1.24 .2368 iShCoreS&P500 IVV 1.5 389.10 –19.66 1.2827 iShS&PMC400Value IJJ 1.9 98.40 –4.18 .3637 SchwabSrtTRmUSTrsr SCHO .7 48.53 –0.23 .07
iShIntlAggBd IAGG .1 49.38 –0.05 .6317 ProShUltPrQQQ TQQQ ... 24.60 –5.24 ... FT NaturalGas FCG 1.9 25.59 –0.67 .1461 iShCoreS&P MC IJH 1.5 238.06 –11.86 .7895 iShS&P100 OEF 1.4 175.86 –8.78 .569 SchwabUS AggrBd SCHZ 2.5 46.54 –0.42 .1004
ProShUltShtQQQ SQQQ ... 49.12 +7.28 ... FT NA Energy Infra EMLP 2.8 27.76 –0.66 .2035 iShCoreS&P SC IJR 1.8 93.96 –4.05 .3018 iShS&PSC600Value IJS 1.8 89.62 –3.62 .2835 SchwabUS BrdMkt SCHB 1.6 45.57 –2.25 .179
iShMSCIChileCap ECH 7.1 26.94 –1.46 1.1345
VanEckGlFallAnglHY ANGL 4.5 27.37 –0.48 .1097 FT PfdSecs FPE 5.2 17.46 –0.16 .0853 iShCoreS&PTotUS ITOT 1.5 86.30 –4.33 .2729 iShShtNatlMuniBd SUB .7 103.78 –0.26 .0811 SchwabUS Div SCHD 3.4 71.19 –3.08 .7038
iShMSCIEurozone EZU 4.7 35.08 –1.02 .9278
VanEckSemicon SMH ... 203.91 –12.95 ... FT TCWUnPlBd UCON 2.1 24.40 –0.22 .085 iShCoreUSAggBd AGG 2.1 98.83 –0.95 .2045 iShSilver SLV ... 17.99 +0.67 ... SchwabUS LC SCHX 1.6 45.93 –2.31 .1867
iShMSCIGlbMet&MnPr PICK 10.0 35.91 –2.30 1.7775
VangdEM GovBd VWOB 5.3 60.72 –1.36 .2691 FT ValDivFd FVD 1.9 38.74 –1.54 .1701 iShUSRealEstate IYR 2.4 91.51 –5.81 .345 iShTIPSBondETF TIP 7.7 109.70 –1.40 1.4384 SchwabUS LC Grw SCHG .6 60.32 –3.67 .0767
iShMSCIEAFEGrowth EFG 2.2 77.80 –3.61 .882
VangdGlblxUS RE VNQI 6.9 42.26 –1.11 2.8949 FlexGlbUpstmNatRsc GUNR 4.8 39.94 –2.41 .583 iShUS Energy IYE 2.9 43.01 –1.04 .3425 iSh10+YIGCpBd IGLB 4.4 51.20 –0.78 .1878 SchwabUS LC Val SCHV 2.3 63.64 –2.71 .386
iShMSCIIndiaETF INDA 6.7 43.13 –0.64 .0301
VangdIntrCorpBd VCIT 2.8 78.32 –0.88 .2067 iShTreaFRBd TFLO .5 50.45 +0.03 .0952 SchwabUS MC SCHM 1.7 66.23 –3.45 .2936
iShMSCIEAFEValue EFV 6.1 42.03 –0.76 1.3785 FlexiBx3YDurTIPS TDTT 7.4 24.00 –0.18 .305 iShUSMedDevices IHI .3 51.28 –2.21 .0481
VangdIntermTrea VGIT 1.4 59.45 –0.48 .0907 iShRussellMCGrowth IWP .6 84.67 –4.82 .1113 SchwabUS REIT SCHH 2.2 20.92 –1.26 .1424
iShMtgRealEst REM 7.8 27.42 –1.15 .6508 FrankFTSE UK FLGB 3.8 21.24 –0.71 .4867 iShEuropeETF IEV 4.5 41.02 –1.38 1.184
VangdIntlHiDiv VYMI 5.5 57.10 –1.36 1.1166 iShUSTech IYW .4 79.27 –5.90 .0759 SchwabUS SC SCHA 1.5 41.09 –2.03 .1476
iShNorthAmNatRscs IGE 2.5 37.93 –1.36 .2292 GlbXCopperMiners COPX 3.7 29.89 –1.51 .7179 iShGlobalEnergy IXC 4.0 36.02 –0.95 .7607
VangdLTCorpBd VCLT 4.2 77.80 –1.26 .2849 iSh0-5YHYCorpBd SHYG 5.3 40.96 –0.57 .1945 Schwab US TIPs SCHP 7.0 54.16 –0.68 .3018
iShUSTreasuryBd GOVT 1.4 23.21 –0.16 .0356 GlbXLithium&Batt LIT .3 72.76 –4.28 .0622 iShGoldTr IAU ... 31.75 –0.83 ...
VangdLongTrea VGLT 2.5 65.65 –0.85 .1524 iSh0-3MTreaBd SGOV .5 100.15 +0.05 .168 SPDR DJIA Tr DIA 2.0 308.05 –14.23 .8231
JPMBetaEurope BBEU 5.7 44.21 –1.49 1.5475 GlbXRuss2000Cvr RYLD 12.9 19.50 –0.92 .2069 iShiBdsDec28Cp IBDT 2.9 24.53 –0.22 .0695
VangdMBS VMBS 1.8 46.38 –0.49 .0984 JPM AlerianMLP AMJ 6.3 21.60 –0.46 .3522 SPDR EurSTOXX FEZ 4.4 33.79 –0.80 .7507
JPMBetaJapan BBJP 3.7 43.16 –1.11 1.5902 GlbXS&P500Cv XYLD 12.7 40.40 –2.05 .4338 iShiBdsDec24Cp IBDP 1.9 24.55 –0.13 .0436
VangdRuss1000Grw VONG .8 58.46 –3.35 .1281 JanusHendersonAAA JAAA 1.7 49.32 +0.02 .1532 SPDR MSCI exUS CWI 3.8 22.85 –0.76 .4136
JPMUltShMuni JMST .6 50.40 –0.03 .0636 GlbXSilverMiners SIL 2.0 24.06 –0.64 .0717 iShiBdsDec23Cp IBDO 1.7 25.00 –0.08 .0394
VangdRuss1000Val VONV 2.1 64.88 –2.78 .3727 JPMEquityPrem JEPI 10.4 54.20 –1.95 .5589 SPDR S&PMdCpTr MDY 1.4 433.23 –23.44 1.8283
-1xShVIXFutures SVIX ... 12.07 –1.03 ... GlblX SuperDiv SDIV 14.0 8.60 –0.26 .095 iShiBoxx$HYCpBd HYG 5.0 74.20 –1.61 .366
VangdRuss2000 VTWO 1.4 72.21 –3.39 .2184 JPMIntlResearchEnh JIRE ... 47.23 –1.44 ... SPDR S&P 500 SPY 1.6 385.56 –21.04 1.5769
PacerUSCashCows100 COWZ 1.9 43.99 –2.65 .2125 GlbX US Pfd PFFD 6.2 21.05 –0.19 .105 iShiBoxx$InvGrCpBd LQD 3.0 107.10 –1.28 .3043
VangdSTCpBd VCSH 1.7 75.50 –0.43 .1362 JPM UltShtIncm JPST .9 50.14 –0.03 .0824 SPDR S&P Biotch XBI ... 83.27 –4.74 ...
PacerUSSCCash100 CALF 3.4 34.50 –1.81 .1153 GlbX Uranium URA 6.5 21.84 –2.02 .1031 iShIntlEquity INTF 6.2 22.70 –0.78 .5326
KraneCSIChInt KWEB .0 26.61 –1.80 2.5804 SPDR S&P Div SDY 2.8 120.19 –6.12 .7706
ProShS&P500Arist NOBL 2.1 86.25 –4.68 .3883 VangdShtTmInfltn VTIP 6.1 49.14 –0.24 .6849 GSTreasury0-1Y GBIL .4 99.74 –0.03 .1459 iShLatinAmer40 ILF 11.1 24.38 –1.00 1.0981
MatlsSelSector XLB 2.2 72.90 –5.17 .5146 SPDR S&P Home XHB .9 57.79 –4.27 .1382
ProShShtVIXST SVXY ... 52.42 –2.15 ... VangdShortTrea VGSH .6 58.11 –0.28 .0603 GSActiveBetaIntlEq GSIE 3.7 26.90 –0.90 .4589 iShMSCIAustralia EWA 7.7 21.24 –1.11 .7434
MicroFang-3xInv BERZ ... 34.59 +6.77 ... SPDR S&P MtlMng XME .9 45.36 –5.22 .2107
ProShUltVIXST UVXY ... 10.40 +1.05 ... VangdTotalBd BND 2.3 73.16 –0.67 .1565 GSActiveBetaUSLC GSLC 1.5 76.68 –4.02 .2996 iShMSCIAustria EWO 5.0 17.41 –0.45 .4944
MicroFang3xLvg BULZ ... 3.45 –1.05 ... SPDRS&POilGasExpl XOP 1.5 137.22 –5.99 .7673
ProShsVIXSTFut VIXY ... 14.82 +1.06 ... VangdTotIntlBd BNDX 3.5 48.81 +0.10 .0484 GraniteGold BAR ... 16.59 –0.41 ... iShMSCIBrazil EWZ 12.1 30.00 –1.49 1.4991
MicroFANG-3XInvr FNGD ... 52.88 +7.22 ... SPDR S&P Retail XRT 2.5 62.49 –3.52 .3183
2xLongVIXFut UVIX ... 10.55 +1.34 ... VangdTotIntlStk VXUS 4.0 49.74 –1.70 .5893
MicroFang+3x FNGU ... 7.46 –1.56 ... TechSelectSector XLK .9 128.71 –8.49 .3232
VanEckAMTFrIntMuni ITM 1.9 44.83 –0.39 .0736 WisdTrCloud WCLD ... 28.59 –2.21 ...
MicroGold3xLvgd GDXU ... 3.02 –0.50 ... TeucriumCornFd CORN ... 27.09 –0.17 ...
VanEckHYMuni HYD 4.0 51.65 –0.49 .1579 WisdTrUSQltyDiv DGRW 2.2 57.54 –2.52 .10
MicroOil&Gas-3 OILD ... 4.13 +0.23 ... TeucriumWheatFd WEAT ... 8.73 –0.08 ...
VanEckMstrWdMoat MOAT 1.3 64.38 –4.12 .8227

Selected ETF Leaders

NYSE ARCA MicroOil&Gas3x OILU ... 46.48 –4.49 ... U.S.GlobalJetsETF JETS .0 17.01 –0.90 .1414
VanEckVietnam VNM .7 14.51 –0.54 .1031
MicrUSBigOil3InLv NRGD ... 54.55 +3.77 ... UtilitiesSelSector XLU 2.7 74.47 –2.91 .5154
VangdESGUSStk ESGV 1.3 67.94 –3.85 .2311 AB UltShIncm YEAR ... 49.99 ... ... PGIMUltraShBd PULS 1.5 49.11 +0.04 .1267 VanEckGoldMin GDX 2.2 24.00 –1.10 .5348
VangdUltShrtBd VUSB .8 49.05 –0.09 .0765 ARKInnovationETF ARKK .0 42.58 –2.02 .7826 PimcoEnhShMat MINT 1.0 99.12 –0.06 .19 VanEck IG FR FLTR 1.1 24.93 –0.02 .0658
ARK NextGen ARKW .0 51.86 –2.89 3.3143 Pimco0-5YHyCpBd HYS 4.2 89.65 –1.60 .42 VanEckJPMEMLCBd EMLC 5.9 23.78 –0.36 .1212
NASDAQ abrdnPhysGold SGOL ... 16.03 –0.42 ...
Vanguard Total Bond
-0.91% ProShBitcoin BITO ... 12.06 –1.11 ... VanEckJrGoldMin GDXJ 2.5 29.29 –1.85 .7454
AXSShInnovDly SARK ... 55.30 +1.91 ... abrdnPhysSilver SIVR ... 18.77 +0.71 ... Market (BND) ProShShBitcoin BITI ... 38.20 +2.71 ... VanEckMerkGoldTr OUNZ ... 16.24 –0.42 ...
AXSTSLABrDly TSLQ ... 37.52 –0.59 ... AdvShPureUSCan MSOS .0 11.01 –1.51 .07 ProShShtDow30 DOG ... 36.01 +1.48 ... VanEckOilSvcs OIH .8 233.88 –12.73 1.8075
AXS2XInnovation TARK ... 17.85 –1.86 ... AGFiQ US NeutAB BTAL ... 19.74 +0.60 ... SPDR Gold Shares ProShShortHY SJB ... 19.25 +0.40 ... VangdExtMkt VXF 1.0 138.56 –7.31 .2454
AdvShDorseyShrt DWSH ... 9.91 +0.68 ... AlerianMLPETF AMLP 7.4 39.47 –0.90 .74 -2.49 ProShShortQQQ PSQ ... 13.81 +0.76 ... VangdInfoTech VGT .9 332.75 –21.91 .5955
CSX-LinksCrudeOil USOI 39.8 4.42 –0.04 .1265 AmpCWPEnhDiv DIVO 5.1 33.95 –1.22 .1443
(GLD)
ProShShtRus2000 RWM ... 24.49 +1.08 ... VangdSC Grwth VBK .4 211.21 –11.87 .2403
DirexTSLABl1.5x TSLL ... 26.32 +0.39 ... ArkFinInnov ARKF ... 17.32 –1.17 ... ProShShrtS&P500 SH ... 16.02 +0.75 ... VangdSC Val VBR 2.0 156.48 –7.51 .7123
FidelityNasdaq ONEQ .8 44.83 –2.73 .10 AvantisEM AVEM 3.5 49.95 –1.53 .5232 iShares Core MSCI ProShSh20+Tr TBF ... 21.34 +0.25 ... VangdDivApp VIG 2.0 145.68 –6.61 .6949
FT CapStrength FTCS 1.2 70.45 –2.95 .1794 AvantisIntlEquity AVDE 3.7 49.64 –1.62 .9549 -3.29
EAFE (IEFA) ProShUltBlmCrude UCO ... 30.67 –1.47 ... VangdEnergy VDE 3.3 110.78 –3.08 1.0081
FT CloudComp SKYY 1.3 65.53 –4.84 .0362 AvantisUSEquity AVUS 1.5 67.39 –3.33 .263 ProshUltBlmNatGas BOIL ... 72.14 –6.96 ... VangdFTSEDevMk VEA 4.0 39.56 –1.37 .53
FT MultAsstDiv MDIV 6.1 15.68 –0.36 .114 AvantisUSSCValue AVUV 1.6 71.39 –3.21 .2968 ProShUltDow30 DDM .6 56.44 –5.15 .0837 VangdFTSE EM VWO 3.5 39.67 –1.35 .3057
FT EnhShtMat FTSM .7 59.43 +0.01 .099 BreakwDryBulk BDRY ... 9.07 +0.44 ... Vanguard FTSE ProShUltraQQQ QLD ... 42.99 –5.70 ... VangdFTSE Europe VGK 4.5 50.59 –1.82 1.0479
-3.29
FT GlTactCommod FTGC 6.3 26.34 –0.27 .0073 CapitalGrpDivVal CGDV .8 22.33 –0.91 .0546 Emerging Markets ProShUltRus2000 UWM ... 33.61 –3.39 ... VangdFTSE Pac VPL 3.9 61.97 –1.79 .545
FT LowDurOpp LMBS 1.9 48.02 –0.13 .0775 CapGrpGlbGrw CGGO .4 20.24 –0.89 .0432
(VWO) ProShUltraS&P SSO .2 46.49 –4.94 .0402 VangdFinls VFH 2.3 81.39 –3.01 .4134
FT NasdCybersec CIBR .7 40.80 –2.91 .0033 CapitalGrpGrw CGGR .2 21.18 –0.98 .0198 ProShUltSilver AGQ ... 22.06 +1.70 ... VangdFTSEAWxUS VEU 3.9 48.13 –1.62 .578
FTRisingDivAch RDVY 1.6 42.31 –1.80 .2216 CapGrpIntlFocus CGXU .8 20.13 –0.80 .0771 Vanguard FTSE
-3.35 ProShUltDow30 UDOW .9 47.99 –6.98 .2456 VangdGrowth VUG .6 232.18 –14.87 .3206
FT SrLoanFd FTSL 3.8 45.21 –0.28 .165 ColumbiaDivFixed DIAL 3.1 17.43 –0.32 .0491 Developed Markets ProShUltRus2000 URTY ... 43.55 –6.91 ... VangdHiDiv VYM 3.1 102.95 –3.55 .8479
FT TCW Opp FIXD 2.1 45.24 –0.38 .16 CommSvsSPDR XLC 1.2 52.14 –3.48 .1299 (VEA) ProShUltS&P500 UPRO .2 36.10 –6.06 .0354 VangdIntermBd BIV 2.2 75.60 –0.75 .1482
FT TacticalHY HYLS 7.2 40.12 –0.89 .24 CnsmrDiscSelSector XLY .7 157.94 –6.54 .3142 ProShUltShtDow30 SDOW ... 35.52 +4.01 ... VangdLC VV 1.5 177.25 –9.00 .698
iShares Core S&P
GlbXCloudComp CLOU ... 16.86 –0.88 ... CnsStapleSelSector XLP 2.5 71.33 –2.65 .5129 -4.13 ProShShtRus2000 SRTY ... 57.74 +7.02 ... VangdLT Bond BLV 3.8 75.75 –1.05 .2442
GlbXNasd100Cv QYLD 13.0 16.46 –1.05 .1813 DimenEmgCore DFAE 2.5 22.08 –0.69 .1311 Small Cap (IJR) ProShUltS&P500 SPXU ... 17.95 +2.27 ... VangdMegaGrwth MGK .6 189.14 –11.88 .2761
GlbX Robotics&AI BOTZ .2 19.43 –1.58 .0466 DimenEMCore2 DFEM 1.2 22.50 –0.66 .0685 ProShUltBloomCrd SCO ... 26.59 +1.03 ... VangdMC VO 1.4 205.25 –11.60 .5902
InvscActMgdETC PDBC 42.5 16.82 –0.33 1.7574 DimenIntlCore DFAI 3.0 23.46 –0.77 .3288 Vanguard Dividend ProShUltShBlmGas KOLD ... 13.31 –0.05 ... VangdMC Val VOE 2.0 133.52 –6.68 .5822
InvscBS30CpBd BSCU 2.6 16.17 –0.16 .041 DimenIntlValue DFIV 5.3 28.35 –0.66 .6704 -4.34 ProShUltDow30 DXD ... 51.20 +4.03 ... VangdRealEst VNQ 3.2 90.29 –5.52 .5695
DimenUSCore DFAU 1.3 27.20 –1.35 .0902
Appreciation (VIG)
InvscBS28CpBd BSCS 2.4 19.75 –0.19 .0439 ProShUltShEur EPV .0 16.75 +1.00 .0006 VangdS&P500ETF VOO 1.6 355.86 –17.89 1.4321
InvscBS25CpBd BSCP 1.9 20.27 –0.09 .0411 DimenUSCoreEq2 DFAC 1.4 23.98 –1.21 .0897 ProShUltShtQQQ QID ... 23.60 +2.46 ... VangdST Bond BSV 1.3 75.66 –0.42 .0976
InvscBS24CpBd BSCO 1.9 20.61 –0.07 .0408 DimenUSHiProf DUHP .6 22.98 –1.27 .0611 Vanguard Total Stock ProShUltShRus2000 TWM ... 16.90 +1.44 ... VangdSC VB 1.5 185.97 –9.38 .589
-4.80
InvscBS26CpBd BSCQ 2.2 19.07 –0.11 .0424 DimenUSMktVal DFUV 1.9 32.13 –1.30 .1524 Market (VTI) ProShUltShtS&P500 SDS ... 46.96 +4.14 ... VangdTaxExemptBd VTEB 1.9 49.11 –0.26 .0931
InvscBS23CpBd BSCN 1.4 20.92 –0.04 .0266 DimenWorldexUS DFAX 3.2 20.78 –0.68 .2814 ProShUltraSh20+ TBT ... 29.35 +0.71 ... VangdTotalStk VTI 1.6 194.63 –9.82 .7491
InvscBS22CpBd BSCM 1.4 21.22 ... .0294 DirexAeroBl3 DFEN .0 14.50 –2.20 .0017 QuadIntRtVol IVOL 4.3 23.22 –0.53 .0723 VangdTotWrldStk VT 2.4 85.71 –3.74 .5978
InvscBS29CpBd BSCT 2.4 17.92 –0.17 .0382 DirexCSIChinaInt CWEB ... 45.97 –6.65 ... SPDR S&P 500 ETF RealEstSectorSPDR XLRE 3.1 40.35 –2.69 .3124 VangdValue VTV 2.5 133.51 –5.02 .8354
-5.17
InvscIntlDivAch PID 3.7 16.75 –0.61 .1893 DirexDJBear3X WEBS ... 35.68 +5.42 ... Trust (SPY) RoundBallMeta METV ... 8.14 –0.76 ... WisdTrEMxSOE XSOE 2.6 26.96 –1.03 .375
InvscKBWBank KBWB 2.9 54.71 –2.03 .445 DirexDJBull3X WEBL ... 8.90 –1.93 ... SPDRBlackSrLoan SRLN 4.9 42.11 –0.46 .20 WisdTrEM HiDiv DEM 7.9 36.31 –0.97 .76
InvscNasd100 QQQM .6 118.93 –7.32 .2052 DirexEM Bear3 EDZ ... 16.07 +1.42 ... SPDRBlmCvSecs CWB 2.5 67.01 –1.70 .1439 WisdTrFRTrea USFR .6 50.34 +0.03 .10
InvscQQQI QQQ .6 289.32 –17.77 .5274 DirexEnergyBr2 ERY ... 40.93 +1.89 ...
Invesco QQQ Trust SPDR Blm HY Bd JNK 5.4 91.31 –2.04 .4997 WisdTrJapanHdg DXJ 3.0 64.47 –1.53 .75
-5.77
iSh3-7YTreasuryBd IEI 1.0 116.31 –0.94 .1523 DirexEnergyBl2 ERX 2.0 54.51 –3.33 .3824 (QQQ) SPDRBlmIntTrBd BWX 1.2 21.82 –0.15 .0231 XtrkrsHarvCSI300 ASHR 1.2 28.57 –1.55 .3453
iShBiotech IBB .3 122.96 –5.44 .0305 DirexChinaBr3 YANG ... 18.12 +2.28 ... SPDRBlmInvGrdFR FLRN .9 30.40 –0.01 .0753 XtrkrsMSCIHiDiv HDEF 6.6 19.57 –0.80 .2491
iShBrdUSDInvCpBd USIG 2.9 49.82 –0.48 .134 DirexChinaBl3 YINN .7 52.04 –8.78 .0674 Source: Barron’s Statistics SPDRBB1-10YTIPS TIPX 7.1 18.86 –0.18 .2347 XtrkrsMSCIEAFE DBEF 2.1 35.25 –0.92 .50
iShCoreMSCITotInt IXUS 4.2 55.08 –1.87 .9481 DirexFinlBear3 FAZ ... 23.84 +2.51 ... SPDRBlm1-3MTB BIL .3 91.51 +0.04 .1385 XtrkS&P500ESG SNPE 1.5 34.63 –1.92 .1253
iShCore1-5YUSDBd ISTB 1.7 46.71 –0.32 .0803 DirexFinlBull3 FAS .9 70.14 –9.04 .3575 SPDRBlmSTHYBd SJNK 5.2 24.45 –0.32 .1432 XtrkrsUSDHYCpBd HYLB 5.2 33.97 –0.74 .1787
September 19, 2022 BARRON’S 51

D ATA MUTUAL FUNDS D ATA P R O V ID E D BY LIP P E R B A R R ON S .C OM / D ATA

About Our Funds
The listings include the top 1250 NOTICE TO READERS: Closed End Fund listings have moved to

Cash Track
open-end funds by assets. These
funds value their portfolios daily barrons.com/cefund. They will no longer appear in print. The
and report net asset values (the
dollar amount of their holdings Herzfeld chart has moved to the Market Lab Newsletter. To sign
divided by the number of shares
outstanding) to the National up for the newsletter, go to barrons.com/newletters. Cash Withdrawal: Investors withdrew cash from all manner of mutual funds this week. At equity funds,
Association of Securities Dealers.
Total returns reflect both price the past month’s average weekly outflow rose to $8.8 billion. Inflows at taxable-bond funds shrank to $2.7
changes and dividends; these Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. billion, while the average outflow at muni-bond funds expanded to $1.5 billion. Flow turned negative at
figures assume that all distribu- NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret.
tions are reinvested in the fund. IncoA 22.86 -0.73 -9.7 17.5 MCMultiStrM 17.66 -0.92 -19.5 25.4 EmgMktVa 27.02 -0.69 -12.3 8.3
money-market funds, with an average weekly $3.7 billion cash drain.
Because Lipper is constantly up-
dating its database, these returns IntBdA 12.58 -0.11 -7.1 -0.3 NtlIntmMuni 12.61 -0.08 -8.8 -2.2 EmMktCorEq 20.33 -0.59 -18.0 7.3
may differ from those previously IntlGrIncA 29.95 -0.84 -22.8 0.0 Bridge Builder Trust: EmMktSmCp 20.75 -0.51 -16.3 18.1 Equity Funds Municipal Bond Funds
published or calculated by others. LtdTEBdA 14.96 -0.08 -5.8 -1.1 CoreBond 8.98 -0.09 -12.4 -4.6 Fixd 10.06 -0.02 -1.7 -0.8
3 year returns are cumulative. The N PerA 49.07 -2.22 -26.1 26.4 CorePlusBond 8.90 -0.10 -12.7 -3.4 GblAll60 40Inst 18.92 -0.55 -13.7 14.6 5000 700
NAV is the last reported closing NEcoA 44.10 -2.00 -28.7 14.5 GlEqInst 26.58 -1.18 -17.3 24.5
price for the week. Footnotes: NA: Intl Eq 10.21 -0.35 -23.7 -3.9
not available. NE: performance NwWrldA 65.00 -2.67 -24.4 6.9 LargeCapGrowth 17.71 -0.97 -24.7 35.9 GlRESec 10.68 -0.51 -20.6 0.0 1400 -600
excluded by Lipper editor. NN: fund SmCpA 55.78 -2.39 -30.3 15.1 LargeCapValue 15.43 -0.62 -10.0 31.5 InfProtSec 11.58 -0.14 -9.8 7.3
not tracked. NS: fund not in STBFA 9.50 -0.05 -3.8 -0.6 MunicipalBond 9.66 -0.06 -8.8 -1.9 IntGvFxdInc 11.11 -0.11 -11.6 -6.4 -2200 -1900
existence for whole period. e: ex TECAA 16.06 -0.10 -10.8 -3.9 IntlCoreEq 12.68 -0.40 -20.1 6.2
capital gains distributions. f: S/MCapGrowth 12.24 -0.64 -27.1 20.1
previous day’s quote. n: no front- TxExA 11.98 -0.07 -10.3 -3.0 S/MCapValue 12.91 -0.59 -12.4 23.9 IntlREst 3.68 -0.11 -22.4 -15.4 -5800 -3200
or back-end sales charge. p: fund WshA 50.85 -2.11 -12.4 29.3 Brown Advisory Funds: IntlSustCore1 9.92 -0.34 -23.9 3.7
assets are used to pay marketing AMG Managers Funds: GrwthEquityInst 23.83 -1.60 -31.8 16.8 IntlVal 16.65 -0.35 -11.3 9.3 -9400 -4500
and distribution costs (12b-1 fees). IntlVectorEq 11.09 -0.34 -19.4 6.9
r: fund levies redemption fee or YachtmanFocFd I 18.27 -0.52 -13.5 25.3 Jul Aug Sep Jul Aug Sep
back-end load. s: stock dividend or YacktFocFd N n 18.32 -0.51 -13.6 24.7 C IntSmCo 16.59 -0.55 -23.4 6.1
split of 25% or more. t: fund charges YacktmanFd I 21.62 -0.61 -11.8 28.2 IntSmVa 17.45 -0.49 -17.8 5.4
12b-1 fees (for marketing and Angel Oak Funds Trst: Calamos Funds: IntTermMuni 9.84 -0.05 -4.7 -0.7 Money Market Funds Taxable Bond Funds
distribution) and a back-end load.
v: capital-gains distribution may be AglOkMtiStFdClIn 9.14 NA NA NA MktNeutA 13.90 -0.15 -5.3 5.2 IntVaIII 14.31 -0.30 -11.3 9.7 12000 4600
a return of capital. x: ex cash AQR Funds: MktNeutI 13.73 -0.16 -5.2 6.0 ITExQual 9.27 -0.09 -16.1 -7.5
dividend. Calvert Investments: LgCo 27.65 -1.37 -17.8 35.5 8000 0
LgCapDefStyle I26.60 NA NA NA
Eq A 66.75 -3.53 -19.5 36.3 LgCpIntl 21.67 -0.70 -19.7 5.2
Net YTD 3-Yr. ArbitrageI :
NAV Chg. % Ret. % Ret. Carillon Scout: STExQual 10.22 -0.05 -5.5 -3.3 4000 -4600
ArbitrageI 13.15 -0.08 -1.1 7.0 STGov 9.85 -0.03 -4.8 -5.2
Ariel Investments: MidCap I 20.42 -1.05 -16.3 28.9
A STMuniBd 10.05 -0.01 -0.8 0.3
Ariel Inv n 66.92 -3.84 -19.9 21.3 CausewayInst :
US CoreEq1 30.31 -1.49 -16.2 34.0
0 -9200
AAM: Artisan Funds: CausewayInst 14.39 -0.28 -17.3 4.6 US CoreEq2 27.49 -1.37 -16.2 34.1
CIBC Atlas: US Micro 23.23 -0.91 -15.1 26.9
-4000 -13800
B&GIncGroClI 21.97 -0.87 -12.9 22.3 GblOppInst 27.28 -1.51 -27.9 24.5
AB Funds: Intl Inv n 22.62 -0.71 -25.8 -6.5 DispEq Inst 25.23 -1.42 -18.5 31.3 US Small 39.37 -1.66 -15.9 28.2 Jul Aug Sep Jul Aug Sep
IntlInst 22.78 -0.72 -25.7 -5.8 ClearBridge: US SmCpVal 39.49 -1.55 -8.7 37.9
CapFdInc.LCapGow 71.56 -4.46 -27.6 37.5
IntlVal Inst 35.43 -1.04 -16.0 16.7 AggressGrowthA115.06 -4.59 -22.5 7.8 US TgdVal 27.24 -1.20 -9.3 37.4 A red chart indicates a lower value than the starting period. Green means it's higher than the starting period.
IntlStraEquPtZ 10.52 -0.30 -20.8 -1.2
IntlVal Inv n 35.34 -0.97 -16.2 15.9 AllCapValueA 12.86 -0.55 -9.2 18.9 USLCpGr 26.23 -1.40 -19.2 34.9 The charts above show four-week moving averages of net cash flow in millions of dollars. BARRON'S • Lipper FMI
MuniIncmShares 10.89 -0.11 -13.1 0.8
AB Funds - A: MidCapInst 37.21 -2.22 -29.9 28.8 AppreciationA 28.43 -1.32 -14.9 29.5 USLgVa 40.62 -1.75 -10.9 21.3
MidCapInv n 31.16 -1.86 -30.0 27.9 DividendStrat1 n 26.80 -1.11 -11.4 28.7 USLgVaIII 26.88 -1.16 -10.9 21.7
LgCpGrA 63.84 -3.98 -27.7 36.2 Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr.
DividendStratA 26.77 -1.11 -11.6 27.6 USSoCoreEq2 19.72 -1.07 -19.1 28.5
RelatValA 5.92 -0.27 -10.3 24.3 B NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret.
LargeCapGrowthA45.08 -2.99 -30.6 18.4 USSustCoreI 29.94 -1.49 -19.1 35.4
AB Funds - ADV: GlexUSIdxInstPre n 12.12 -0.38 -20.7 1.9 FF2020 n 13.15 -0.34 -16.5 8.7 Eq Inc n 62.97 -2.17 -9.6 28.8 StratDivInc n 15.64 -0.45 -11.2 23.9
LargeCapGrowthI 51.83 -3.44 -30.5 19.4 USVectorEq 21.47 -0.99 -13.0 29.0
GlbBd 7.27 -0.05 -10.8 -6.6 Baird Funds: LargeCapValueI 34.90 -1.43 -11.3 27.0 Dodge & Cox: GrowthCompanyK6 16.12 -0.91 -29.5 61.1 FF2025 n 12.04 -0.34 -17.3 10.2 EqDivIncm n 26.05 -0.86 -5.6 26.4 TaxFrB n 10.57 -0.09 -11.3 -3.2
HiIncmAdv 6.67 -0.13 -12.2 -1.8 AggBdInst 9.76 -0.09 -12.9 -5.6 SmallCapGrowthIS 37.51 NA NA NA InflPrBdIndInsPr n 10.07 -0.11 -9.8 7.0 FF2030 n 15.00 -0.45 -17.9 12.7 Fidel n 59.42 -3.37 -24.7 38.7 TotalBond n 9.52 -0.10 -12.3 -2.9
Balanced n 96.77 -2.92 -10.1 21.9
IntlStraEquPtADV 10.51 -0.30 -20.7 -1.2 CorBdInst 10.01 -0.10 -12.7 -4.6 Cohen & Steers: IntlIdxInstPrem n 38.63 -1.21 -21.6 1.6 FF2035 n 12.83 -0.45 -19.1 16.6 FltRateHi n 9.09 -0.04 -1.3 7.6 TotalBond K6 8.87 -0.09 -11.9 -2.1
Dodge & Cox n 10.24 -0.09 -10.4 2.5
LgCpGrAdv 71.68 -4.46 -27.6 37.3 IntBdInst 10.19 -0.07 -8.5 -2.1 IntlIndex n 9.46 -0.30 -21.1 2.4 FF2040 n 9.03 -0.36 -20.0 19.0 FocsdStk n 26.27 -1.41 -24.3 40.0 Trend n 119.63 -7.48 -29.9 39.7
GlbRltyI 51.15 -2.60 -22.0 0.3 GblStock n 13.01 -0.53 -9.9 24.2
NationalPtf 9.49 -0.06 -10.2 -2.0 ShtTBdInst 9.26 -0.04 -4.1 0.5 IntrTresBdIxPrem n 9.77 -0.09 -11.5 -6.1 FF2045 n 10.35 -0.41 -20.1 18.9 FournOne n 47.76 -1.79 -19.4 17.1 Value n 12.99 -0.83 -11.6 39.8
InstlRlty 46.75 -3.04 -19.7 13.6 Income n 12.40 -0.12 -10.8 -1.8
SelectUSLgShrt 13.20 -0.29 -9.1 23.8 Baron Funds: LgCpGwId InstPre n 22.12 -1.26 -25.2 44.9 FF2050 n 10.46 -0.42 -20.1 18.9 GNMA n 10.26 -0.13 -10.5 -7.1 ValueDisc n 33.56 -1.11 -8.6 32.0
PrefSecIncnI 12.15 -0.05 -11.0 1.4 Intl Stk n 41.33 -1.06 -12.6 7.7
SmMidCpValAdv 21.61 -1.17 -16.8 21.6 LgCpVlIdxIstPrem n 14.47 -0.64 -11.0 22.0 Free2055 n 12.11 -0.48 -20.1 19.0 GovtInc n 9.31 -0.09 -11.6 -7.2 Wrldw n 26.75 -1.29 -25.5 26.6
Asset n 82.88 -5.03 -29.4 12.8 RltyIncI 16.91 NA NA NA Stock n 214.77 -9.52 -11.3 34.4
Aberdeen Fds: LTTrsBdIdxInstPr n 10.80 -0.14 -25.5 -17.6 Free2060InstPrem 13.79 -0.54 -19.5 16.5 GroCo n 25.67 -1.47 -29.6 60.3 Fidelity SAI:
Growth n 85.78 -4.37 -26.1 24.7 RltyShs n 65.29 -4.25 -19.8 12.9 DoubleLine Funds:
EmMktEqty Inst 12.44 -0.44 -27.8 -6.0 MidCpInxInstPrem n 26.08 -1.39 -17.8 24.8 Freedom2015 K 10.60 -0.23 -14.8 7.4 GroInc n 45.64 -1.95 -9.7 34.1 FidSAIEmgMktIndx 12.30 -0.38 -21.5 -2.3
Partners n 159.94 -3.96 -19.6 201.5 Colorado BondShares: CoreFxdIncmI 9.48 -0.08 -11.4 -5.7
Advisers Inv Trst: OTCK6Port 14.67 -0.83 -29.4 46.2 Freedom2020 K 13.15 -0.33 -16.5 9.0 GrowCoK 25.78 -1.47 -29.6 60.6 FidSAIIntlIndxFd 11.08 -0.35 -21.7 1.3
Baron Instl Shares: ColoradoBdShs 8.68 -0.07 -4.9 5.9 LowDurBdI 9.47 -0.03 -2.9 0.6 RealEstIdxInst n 15.74 -0.96 -21.1 -1.3 Freedom2020K6 13.10 -0.33 -16.4 9.3 GrStrt n 46.47 -2.81 -26.8 24.8 IntlValIdx 7.82 -0.17 -15.6 -0.8
Balanced n 78.69 NA NA NA AssetInst 87.45 -5.31 -29.3 13.7 Columbia Class A: ShillerEnhCAPEI 14.25 -0.80 -18.6 26.6 SAIUSLgCpIndxFd 17.46 -0.86 -17.8 35.6 Freedom2025 K 12.03 -0.34 -17.3 10.5 GwthDiscovery n 42.32 -2.38 -21.7 52.2 LowDurationInc 9.91 0.00 -0.2 NS
Growth n 94.40 NA NA NA EmergingMktsInst 12.87 -0.46 -26.8 -4.0 TotRetBdI 9.11 -0.07 -10.4 -6.0
BalancedA 43.09 -1.50 -15.4 20.4 SeriesBondFd 9.01 -0.09 -12.3 -6.3 Freedom2025K6 12.00 -0.33 -17.2 10.8 HighInc n 7.40 -0.18 -12.0 -4.2 SAIEmgMktLoVolIx 9.93 -0.18 -13.3 5.4
Akre Funds: GrowthInst 90.00 -4.59 -26.0 25.6 TotRetBdN n 9.10 -0.07 -10.6 -6.7
ContCoreA 27.24 -1.40 -17.3 35.4 SeriesOverseas 10.26 -0.44 -28.7 8.1 Freedom2030 K 14.99 -0.46 -17.8 12.9 IntBd n 9.97 -0.08 -8.5 -2.2 SAIInflaFocFd 10.43 -0.22 14.6 55.4
AkreFocusInst 51.22 -3.57 -22.6 20.5 PartnersInst 165.83 -4.10 -19.5203.8 SerLTTreBdIdx 6.23 -0.08 -25.6 -17.8 IntlDisc n 37.85 -1.31 -28.5 6.6
DisplCoreA 11.79 -0.68 -18.7 31.7 Freedom2030K6 14.95 -0.45 -17.7 13.4 ShortTermBd 9.50 -0.04 -3.8 NS
AkreFocusRtl 49.53 -3.45 -22.8 19.6 SmallCapInst 28.88 -1.72 -28.6 23.8 E IntlEnhIdx n 8.81 -0.25 -20.9 2.4
DivIncA 28.09 -1.04 -10.4 29.6 SmCpIdxInstPrem n 22.32 -1.04 -19.0 18.0 Freedom2035 K 12.82 -0.45 -19.0 16.9 TotalBd 9.02 -0.10 -11.9 -2.4
Alger Funds Inst: Bernstein Fds: STBdIdx InstPrem n 9.50 -0.06 -5.6 -1.4 IntlGrRet n 15.06 -0.76 -28.5 6.5
DivOpptyA 35.27 -1.21 -6.4 25.7 Eaton Vance Class A: Freedom2035K6 12.80 -0.44 -18.9 17.5 TxFreeBd 9.62 -0.08 -10.8 -4.0
CapApprI 28.52 -1.56 -30.8 26.2 DivrMuni n 13.60 -0.07 -6.7 -0.5 LgCpGrowA 43.83 -2.66 -28.3 36.2 STTreIdx InstPre n 9.90 -0.06 -5.6 -1.9 Freedom2040 K 9.04 -0.35 -19.9 19.4 IntMu n 9.84 -0.06 -7.5 -1.1
TMG1.1 75.12 -3.89 -19.9 32.7 U.S.TreBdIdx 8.82 -0.07 -11.4 -6.4
AmanaGrowth n: IntmDur n 11.46 -0.10 -12.9 -6.7 LgCpVl A 15.29 -0.61 -9.8 26.1 TMktIdxInstPrem n 108.44 -5.41 -18.8 33.0 Freedom2040K6 9.00 -0.35 -19.9 19.9 InvGB n 7.21 -0.07 -12.5 -3.3
Eaton Vance Class I: USMomentumIdx 13.42 -0.43 -19.8 34.4
AmanaGrowth n 56.78 -3.47 -22.8 46.3 NY Mun n 13.11 -0.06 -6.8 -1.6 LiGoBalA 9.94 -0.35 -17.9 10.8 TotalMarketIndex n 13.66 -0.68 -18.6 33.6 Freedom2045 K 10.34 -0.42 -20.1 19.2 InvGrBd 10.04 -0.09 -12.0 -2.2
USValueIndex 10.37 -0.46 -7.0 26.1
Amer Beacon Insti: BlackRock Funds: SelgComuInfoA 92.16 -5.83 -28.8 61.4 AtlCpSMID 35.98 -1.78 -12.8 22.6 TtlIntIdxInstPr n 11.32 -0.36 -21.1 2.7 Freedom2045K6 10.31 -0.41 -20.0 19.9 LargeCap n 36.30 -1.72 -11.9 32.6
Fidelity Selects:
SmCpInst 25.30 -1.09 -11.8 24.8 CoreBd Inst 8.37 -0.10 -13.1 -5.9 TaxEA 11.55 -0.10 -13.0 -6.3 FloatRtHiInc 8.17 NA NA NA USBdIdxInstPrem n 10.35 -0.10 -12.3 -6.2 Freedom2050 K 10.46 -0.42 -20.1 19.3 LCapCrEIdx n 18.08 -0.91 -16.2 39.9
FltgRt 8.31 -0.05 -2.8 5.3 LCapGrEIdx n 24.10 -1.37 -23.2 47.5 Biotech n 15.99 -0.59 -17.4 18.2
American Century G: CreStraInc Inst 8.73 -0.13 -10.5 -2.7 Columbia Class Adv: USSusIdx n 16.87 -0.91 -20.4 34.6 Freedom2050K6 10.44 -0.42 -20.0 19.8
GblMacAbR 7.97 0.00 -4.5 4.7 LevCoSt n 33.42 -1.72 -20.6 39.1 DfAero n 13.52 -0.63 -7.4 -10.9
HiYBlk 6.70 -0.16 -11.2 2.1 DivIncom 28.65 -1.05 -10.2 30.6 Fidelity Adv Focus A: Freedom2055 K 12.11 -0.49 -20.0 19.3
GlBond 9.04 -0.04 -11.1 -6.3 IncBos 4.88 -0.11 -9.3 3.1 LgCpVHIdx n 14.35 -0.60 -10.5 27.7 Energy n 51.60 -1.33 46.4 52.3
Sustain Equity 38.80 -1.96 -19.9 36.6 HiYldBd Inst 6.70 -0.15 -11.3 1.9 Columbia Class I: HthCarA 57.15 -2.05 -14.0 35.6 Freedom2055K6 12.09 -0.49 -20.0 19.8 Health n 27.27 -0.98 -13.9 40.6
InflProtBdInst 10.05 -0.11 -9.1 8.7 NatlMuniInc 9.03 -0.05 -10.8 -2.6 TechA 68.04 -4.13 -32.4 61.8 Idx2020InsPre 14.43 -0.36 -16.0 7.2 LmtTrmMuniIncm n 10.13 -0.04 -5.1 -0.6
American Century I: Acorn I 9.36 -0.62 -30.9 3.8 Edgewood Growth Instituti: LowP n 44.33 -1.35 -11.5 34.0 HlthCareSrvPt r n 135.30 -2.57 2.6 74.2
LowDurI Inst 9.01 -0.06 -5.0 -1.1 Balanced I 43.01 -1.49 -15.2 21.3 Fidelity Advisor: Idx2025InsPre 16.23 -0.45 -16.8 8.6 ITSvs n 53.32 -3.22 -27.8 3.1
EqInc 9.10 -0.25 -6.7 16.5 EdgewoodGrInst 36.43 -2.62 -39.8 15.8 LowPriStkK 44.27 -1.35 -11.4 34.3
BlackRock Funds A: SrsAdvIntlCapApp22.40 -1.21 -29.6 5.3 Idx2030InsPre 17.05 -0.51 -17.4 10.8 MdTchDevis n 60.12 -3.38 -26.6 30.8
Growth 39.38 -2.21 -27.5 36.7 ContCore I 27.57 -1.41 -17.2 36.4 LowPriStkK6 13.32 -0.38 -10.7 34.9
AdvLgCapCore 15.32 -0.77 -20.3 31.6 StragInc n 11.01 -0.16 -11.3 1.1 Idx2035InsPre 18.86 -0.65 -18.5 14.2 Retail n 16.37 -0.99 -27.6 26.7
IntTF 10.64 -0.07 -8.5 -0.7 DivIncom I 28.13 -1.03 -10.2 30.5 F LtdTmBdFd n 10.84 -0.06 -6.1 -1.5
CapAppr 24.47 -1.57 -32.9 22.2 TotBdFdClZ 9.51 -0.10 -12.2 -2.5 Idx2040InsPre 19.05 -0.74 -19.4 16.7 Semiconductors r n 14.94 -0.92 -34.9 74.5
MdCapVal 15.68 -0.62 -6.6 24.8 LgCpIdx I 48.22 -2.40 -17.9 34.9 Magin n 11.00 -0.74 -25.6 29.6
EqtyDivd 18.46 -0.58 -7.2 24.0 Fidelity Advisor A: Idx2045InsPre 19.77 -0.78 -19.5 16.5 Softwr n 20.81 -1.63 -28.1 34.4
SmCapVal 9.22 -0.45 -16.5 32.2 MdCpIdx I 13.66 -0.67 -15.4 25.8 FAM Value: MAMun n 11.09 -0.07 -10.0 -3.5
GlblAlloc 16.46 -0.37 -16.0 13.8 BalancA 23.47 -0.91 -17.7 26.2 Idx2050InsPre 19.81 -0.77 -19.4 16.6 Tech n 18.90 -1.16 -33.1 53.2
American Century Inv: SelComunInfo 105.42 -6.66 -28.7 62.7 FAMValue n 83.08 -3.56 -16.6 19.3 Manager40 n 11.97 -0.28 -13.8 9.8
HlthScOp 61.35 -1.77 -12.2 32.9 EqGrA p/r 13.48 -0.75 -21.8 51.5 Idx2055InsPre 16.29 -0.64 -19.4 16.5 UtilGr n 110.64 -3.59 8.0 32.1
DiscCoreVal n 29.81 -1.52 -16.0 24.6 SmCpIdx I 23.58 -0.99 -17.6 21.4 Federated Hermes A: Manager60 n 13.49 -0.42 -16.6 14.6
MdCpGrA 26.41 -1.87 -35.4 11.1 GrOppA 97.36 -5.22 -32.2 40.6 Idx2020 Premier 14.42 -0.37 -16.1 NS Fidelity Series:
EqGro n 24.24 -1.21 -21.7 21.6 StratInc I 21.12 -0.16 -10.1 0.5 MidCap n 36.75 -1.48 -8.8 37.1
MultiAstIncome 9.65 -0.19 -12.2 2.2 StrValDivA p 5.87 -0.13 2.5 21.1 NwInsghtA 29.10 -1.59 -26.6 20.6 Idx2025 Premier 16.22 -0.46 -16.9 NS
EqInc n 9.09 -0.24 -6.7 15.9 TotReBd I 30.87 -0.31 -15.3 -3.3 MidCapEnIdx n 15.62 -0.85 -16.1 27.5 Canada 13.42 -0.54 -7.6 29.0
NatlMuni 9.83 -0.10 -12.1 -5.9 Federated Hermes Int: StrInA 10.85 -0.16 -11.5 0.2 Idx2030 Premier 17.05 -0.50 -17.3 NS
Grwth n 38.23 -2.14 -27.7 35.9 Columbia Class I2: MuniInc n 11.80 -0.10 -11.5 -3.5 IntMuni Z 9.86 -0.06 -7.4 -1.0
ScTechOppA 38.31 -2.14 -36.3 41.2 InsHiYld 8.44 NA NA NA Fidelity Advisor Fun: Idx2035 Premier 18.86 -0.65 -18.5 NS
Heritage n 18.72 -1.11 -26.4 23.0 DivIncom 28.62 -1.05 -10.2 30.8 NASDAQ n 145.14 -8.37 -26.3 43.6 FidelityAdviAsset:
TotRet 10.11 -0.11 -13.3 -5.5 TtlRtnBdI 9.68 NA NA NA Idx2040 Premier 19.04 -0.74 -19.4 NS
MdCapVal n 15.66 -0.61 -6.8 24.0 Columbia Class I3: InterDiscZ 37.69 -1.30 -28.4 6.9 NewInsights Z 30.41 -1.65 -26.4 22.0 ADVAssetMan60 13.48 -0.42 -16.6 14.7
BlackRock Funds III: Federated Hermes IS: Idx2045 Premier 19.77 -0.78 -19.4 NS
OneChMod n 13.94 -0.41 -17.3 12.8 ContCore I3 28.25 -1.44 -17.1 36.9 Fidelity Advisor I: NewMill n 39.50 -1.40 -5.7 30.9 First Eagle Funds:
Idx2050 Premier 19.80 -0.78 -19.4 NS
Select n 89.94 -4.99 -22.9 41.9 iShS&P500IdxK455.90-22.63 -17.8 35.6 KaufmnLCIS 25.25 -1.52 -28.4 12.7 BalancI 24.06 -0.93 -17.5 27.2 NewMkt n 11.35 -0.17 -17.7 -12.7
DivIncom 28.67 -1.05 -10.2 31.0 Income n 10.24 -0.14 -11.2 2.1 GlbA 56.37 -2.11 -12.6 10.3
Ultra n 64.18 -3.51 -26.7 49.2 iShUSAggBdIdxK 9.07 -0.08 -12.2 -6.1 KaufmnSCI 42.63 NA NA NA ConsvIncmMuni I 9.96 -0.01 -0.4 1.2 OTC n 13.37 -0.74 -29.3 44.6
Columbia Funds: Fidelity Invest: OverseasA 21.74 -0.60 -14.1 -0.2
American Century R6: BlackRock Funds Inst: StraValDivIS 5.91 -0.14 2.8 22.0 FltRatel 9.08 -0.04 -1.4 7.4 OTC K 13.66 -0.76 -29.3 45.0
UltShortBd Inst3 8.95 -0.01 -0.1 2.5 AggrInt n 19.99 -1.08 -29.6 5.4 FPA Funds:
AdvLgCapCore 16.20 -0.82 -20.2 32.6 UltraShortI 8.98 NA NA NA GrOppI 107.65 -5.77 -32.0 41.7 Ovrse n 47.42 -2.09 -30.0 5.1
MdCapVal 15.68 -0.62 -6.6 25.3 Credit Suisse Common: AilSectEq 9.25 -0.45 -18.1 43.0 NwInc n 9.58 -0.02 -2.9 1.1
CAInsMun 11.59 -0.09 -10.1 -3.3 FedMuniUl A 9.88 -0.01 -1.0 0.9 HthCarI 63.36 -2.27 -13.9 36.7 PuritanK 22.37 -0.74 -17.1 26.5
SmCpVal 9.23 -0.44 -16.4 33.0 ComdtyRet 28.25 NA NA NA AMgr20% n 13.21 -0.18 -10.1 4.3 FPA Funds Trust:
EmgMkts 22.07 -0.71 -26.0 1.4 Federated Hermes R: IntlGr 15.02 -0.76 -28.5 6.5 Puritn n 22.39 -0.74 -17.1 26.3
American Funds Cl A: AMgr50% n 18.75 -0.51 -15.3 12.2
EqtyDivd 18.55 -0.59 -7.0 24.9 KaufmnR 4.82 -0.19 -28.1 0.0 NwInsghtI 30.27 -1.64 -26.4 21.5 RealE n 41.71 -2.30 -19.3 6.6 FPACres Inst n 32.59 -0.96 -11.2 19.0
2020TarRetA 12.46 -0.29 -12.6 11.0 D AMgr70% n 23.84 -0.82 -17.5 17.4 RealEstInc n 11.75 -0.25 -11.5 6.7 Franklin A1:
FloRateIncPorIns 9.48 -0.04 -1.6 6.8 Federated Hermes R6: REIncmInst 11.70 -0.24 -11.5 6.7
2025TarRetA 13.79 -0.35 -14.3 13.3 AMgr85% n 21.50 -0.87 -19.4 21.2 SAIIntlMinVolInd 9.59 -0.20 -17.3 -6.0 CA TF A1 6.67 -0.05 -12.1 -4.5
GlblAlloc 16.62 -0.37 -15.9 14.8 Davis Funds A: FedInstHYBondL 8.37 NA NA NA StrInI 11.01 -0.16 -11.4 0.9
2030TarRetA 14.95 -0.44 -16.0 15.0 AstMgr30R n 11.20 -0.21 -12.2 7.0 SAILTTreBdIdx 8.17 -0.10 -26.9 -18.6 Fed TF A1 10.53 -0.09 -12.5 -4.3
HlthScOp 65.48 -1.89 -12.1 33.9 NYVen A 21.92 -1.07 -20.1 6.8 StrValL 5.91 -0.13 2.8 22.1 Total Bd 9.51 -0.10 -12.2 -2.9
2035TarRetA 16.05 -0.53 -17.8 18.6 Balanc n 24.95 -0.96 -17.4 27.5 SAIUSMinVolIndFd 16.73 -0.68 -13.5 22.6 HiInc A1 1.62 -0.03 -10.7 2.5
MdCpGrEq 31.04 -2.19 -35.3 12.0 TtlRtnBdL 9.67 NA NA NA Fidelity Advisor M:
2040TarRetA 16.65 -0.62 -19.2 19.6 Davis Funds C & Y: BalancedK 24.95 -0.96 -17.4 27.8 SAIUSQtyIdx 15.10 -0.90 -19.7 37.2
MultiAstIncome 9.66 -0.19 -12.1 3.0 Fidelity: Balanced 23.82 -0.92 -17.8 25.3 HY TF A1 8.78 -0.10 -13.8 -3.3
2045TarRetA 17.01 -0.65 -19.8 19.6 NYVenY 22.74 -1.12 -20.0 7.6 BluCh n 124.27 -6.87 -32.0 49.8 SmCapDisc n 22.95 -1.16 -19.1 24.0 IncomeA1 2.26 -0.05 -7.0 15.9
NatlMuni 9.83 -0.09 -12.0 -5.1 500IdxInstPrem n 134.89 -6.70 -17.8 35.7 EqGr 13.03 -0.72 -21.9 50.6
2050TarRetA 16.68 -0.65 -20.5 19.0 Del Invest Instl: BluChpGr K6 19.02 -1.04 -31.7 52.5 SmlCapO n 11.53 -0.65 -19.4 23.9 NY TF A1 9.66 -0.07 -13.1 -6.3
ScTechOppInst 42.09 -2.36 -36.1 42.2 Contrafund K6 17.15 -0.90 -26.2 30.7 GrOppM 95.91 -5.16 -32.3 39.6
AmcpA 30.73 -1.58 -27.2 18.6 Value 19.18 -0.65 -8.7 17.1 BluChpGrK 124.79 -6.89 -32.0 50.2 SmlCpGrth n 24.12 -1.30 -23.9 22.9 US Gov A1 5.18 -0.06 -9.5 -8.0
AMutlA 48.23 -1.78 -8.1 27.0 StratIncOpptyIns 9.42 -0.06 -5.4 4.3 EmgMktIdxInstPre n 9.51 -0.29 -21.3 -1.9 NwInsghtM 27.37 -1.50 -26.7 19.7
Deutsche DWS: CAMun n 11.78 -0.07 -10.1 -3.4 SmlCpGrth Z 24.34 -1.32 -23.8 23.3 Utils A1 22.93 -0.81 5.4 26.0
BondA 11.56 -0.12 -12.0 -2.3 StratMuniOppI 10.31 -0.08 -12.5 -5.5 ExtMktIdxInstPre n 66.05 -3.42 -23.9 19.8 Fidelity Advisor Z: CapAp n 35.40 -1.92 -19.8 45.0 SmlCpVal n 17.44 -0.79 -14.8 35.5 Franklin Templeton:
BalA 28.39 -0.92 -13.8 16.9 TotRet 10.11 -0.10 -13.1 -4.6 CoreEq n 28.06 -1.43 -16.1 31.8 FidAdAsset 13.20 -0.19 -10.1 4.3 AssetManager50% 18.70 -0.50 -15.2 12.4 CapDevO n 17.48 -0.82 -11.9 32.3 Srs1000ValIndRet 13.77 -0.61 -11.0 22.1
CapIBA 61.39 -1.89 -10.8 11.9 BNY Mellon Funds: MgdMuniS n 7.93 -0.07 -12.4 -5.3 FidAdEm 31.33 -1.26 -28.1 NS AsstMngr70 23.81 -0.83 -17.4 17.7 TgtModA 12.99 NA NA NA
CnvSc n 31.50 -0.77 -13.1 45.8 SrsBlChGroRetail n 10.93 -0.59 -31.5 51.8
CapWA 15.90 -0.20 -19.0 -14.9 Aprec n 37.80 -2.07 -20.5 37.2 Diamond Hill Funds: FidSAI 8.64 -0.19 -10.9 NS CorporateBond 10.20 -0.12 -16.1 -6.0 FrankTemp/Frank Adv:
Contra n 13.57 -0.76 -26.7 31.0 SrsCommStrt 2.19 -0.03 18.1 45.8
CapWGrA 49.35 -2.10 -21.4 12.7 Dr500In n 49.05 -2.44 -18.1 33.7 LgCapI 30.36 -1.39 -14.9 24.8 FidSAIEmerg 11.04 -0.27 -19.4 NS FloatRateHighInc 9.09 -0.03 -1.2 7.7 ContraK 13.62 -0.77 -26.7 31.3 SrsEmrgMkt 15.68 -0.51 -25.4 -1.3 CA TF Adv 6.66 -0.05 -11.9 -4.2
EupacA 46.83 -1.98 -27.3 1.6 Dreyf n 13.55 -0.77 -18.0 42.5 LgCapY 30.42 -1.39 -14.8 25.3 FidSer5 8.52 -0.14 -15.9 NS GrOpp 109.00 -5.84 -32.0 42.2 CpInc n 9.19 -0.22 -11.1 13.3 SrsGlobal 11.94 -0.38 -20.7 1.9 CvtScAdv 20.82 -0.43 -15.9 38.7
FdInvA 59.82 -2.95 -19.0 24.8 DreyMid r Inv n 30.12 -1.47 -15.6 24.9 LongShortI 26.23 -0.78 -8.5 12.1 FidSer0-5 9.85 -0.05 -2.0 NS InvestGradeBd 7.22 -0.08 -12.4 -3.0 DisEq n 47.97 -2.98 -26.5 32.3 SrsIntlGrw 13.77 -0.69 -28.0 10.3 Dynat Adv 104.80 -7.00 -35.0 23.1
GBalA 31.47 -0.81 -17.4 5.3 GlFxIncI 19.55 NA NA NA Dimensional Fds: FIDSerEmgMkt 7.79 -0.26 -25.9 -9.4 NewMktsIncFdZ 11.35 -0.17 -17.7 -12.5 DivGth n 28.69 -1.18 -14.1 23.6 SrsGroCoRetail 14.54 -0.82 -28.8 66.9 Growth Adv 114.46 -6.82 -24.4 29.9
GovtA 12.54 -0.13 -9.4 -1.0 InstS&PStkIdx I 62.48 -3.11 -17.9 35.0 2TGlFxd 9.57 -0.04 -3.1 -2.1 FidSerInt 8.69 -0.01 -11.5 NS RE Income 11.69 -0.25 -11.5 7.1 DivIntl n 34.64 -1.30 -28.6 5.7 SrsIntlSmCp 14.54 -0.64 -32.0 7.5 IncomeAdv 2.24 -0.05 -6.9 16.5
GwthA 54.52 -2.52 -26.6 31.2 IntlStkI 19.57 -0.74 -27.4 5.4 5GlbFxdInc 9.98 -0.05 -6.7 -6.0 FidSerToMarket 12.91 -0.64 -18.8 33.1 StkSelAllCap 56.05 -2.88 -18.6 36.2 DivIntl K6 11.10 -0.42 -28.0 7.5 SrsIntlVal 9.30 -0.20 -16.7 9.9 RisDv Adv 81.53 -3.77 -15.3 32.3
HI TrA 9.13 -0.21 -10.1 6.0 IntlStkY 19.33 -0.74 -27.4 5.5 DFARlEst 41.52 -2.42 -19.6 10.0 FIDZroLgCpIx n 13.71 -0.68 -18.7 35.2 Fidelity Freedom: DivIntlK 34.59 -1.30 -28.5 6.0 STBF n 8.22 -0.04 -3.9 -0.2 SmCpValAdv 52.24 -1.90 -14.6 21.1
HiInMuniA 14.53 -0.15 -12.1 -1.8 SmMidCpGrI 23.08 -1.33 -32.3 20.5 EmgMkt 25.52 -0.77 -18.3 3.8 Flex 500 Index 16.58 -0.82 -17.8 35.8 FF2010 n 13.14 -0.24 -13.3 5.5 DivStkO n 28.14 -1.31 -19.7 42.5 StkSelSmCp n 27.61 -1.51 -19.6 30.9 Utils Adv 23.16 -0.82 5.4 26.6
ICAA 41.34 -2.01 -18.2 26.6 BNY Mellon Funds Tru: EmgMktSoCoEq 12.69 -0.35 -19.9 2.6 Freedom2060K 11.11 -0.44 -20.1 19.3 FF2015 n 10.61 -0.23 -14.9 7.2 EmrMkt n 31.35 -1.25 -28.2 7.0 StkSlcACap n 56.46 -2.90 -18.6 35.8 FrankTemp/Franklin A:
52 BARRON’S September 19, 2022

D ATA MUTUAL FUNDS D ATA P R O V ID E D BY LIP P E R B A R R ON S .C OM / D ATA

Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr.
NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret.
BAL A 11.96 -0.29 -9.5 13.8 EqWtdA p 67.52 -3.44 -14.2 32.1 HighYld r 6.24 -0.13 -10.8 0.5 InvGradeBdY 9.80 -0.07 -10.9 1.2 ComPLUSStrtgyFd 7.29 NA NA NA ntTerBd n 9.14 NA NA NA STAR n 25.87 -0.87 -18.5 15.1
DynaTech A 100.62 -6.73 -35.1 22.2 GblStrIncmA p 3.01 -0.05 -14.0 -12.0 MtgBckd 10.18 -0.09 -8.9 -3.2 LSGrowthY 19.25 -1.14 -26.6 24.4 Income 10.60 NA NA NA R S&PIdx n 50.37 -2.54 -18.6 36.5 STIGrade n 9.98 -0.06 -6.2 -0.7
EqIn A 28.07 -1.06 -10.9 25.6 GlbOppA p 43.62 -2.53 -41.2 -8.0 ShtDurBnd 10.52 -0.04 -3.8 1.7 Neuberger Berman Fds: IntlBdUSH 9.67 NA NA NA TarRet2040 n 11.61 -0.41 -17.0 10.7 StratgcEq n 33.20 -1.74 -14.4 30.9
FoundFAlA 12.63 -0.35 -13.4 3.2 GrIncA 22.09 -0.76 -9.0 27.0 USRechEnhEq 30.05 -1.53 -17.5 42.1 InvstGrCrBd 8.77 NA NA NA RiverNorth Funds: StrSmCpEqInv n 32.90 -1.70 -15.7 29.6
GenesInst 60.01 -2.94 -19.7 23.6
GrOp A 39.21 -2.72 -32.2 23.3 HYMuA 8.68 -0.10 -13.9 -4.0 JPMorgan R5 Class: LowDurInc 7.99 NA NA NA RNDLIncomeI 8.92 NA NA NA V TgtRe2020 n 26.57 -0.59 -14.3 8.4
LCVal Inst 40.84 -1.10 -7.7 45.6
Growth A 113.57 -6.78 -24.5 28.9 IntTMIA p 10.21 -0.06 -9.9 -3.1 SR2030 R5 16.92 -0.50 -17.1 8.9 LgShInst 16.67 -0.43 -6.9 20.0 RealRtn 10.38 NA NA NA Russell Funds S: TgtRe2025 n 17.08 -0.46 -16.0 9.7
InvGloblFdA 83.27 -6.13 -33.0 9.4 ShtTm 9.60 NA NA NA VALIC: TgtRe2030 n 31.92 -0.96 -16.9 11.5
LwDuToRt A 8.85 -0.05 -4.7 0.0 SR2040 R5 18.74 -0.70 -18.7 15.9 StrIncInst 9.57 -0.14 -11.0 0.9 StratBd 9.38 NA NA NA
RisDv A 81.59 -3.78 -15.5 31.3 LmtdTrmMunInc p 10.93 -0.04 -3.9 0.8 JPMorgPrm: TotRt 8.76 NA NA NA TaxExBd 21.48 NA NA NA IntlEq 6.46 NA NA NA TgtRe2035 n 19.68 -0.64 -17.4 13.7
Neuberger Berman Inv:
SmMCpGrA 30.36 -1.96 -31.7 24.3 MnStFndA 45.22 -2.29 -20.6 24.3 PIMCO Funds Instl: TxMngUSLgCp 57.47 NA NA NA MidCpIdx 25.07 -1.22 -15.5 25.4 TgtRe2040 n 34.46 -1.21 -18.0 15.7
USEquity L 18.19 -0.91 -17.4 46.7 Genes n 59.91 -2.93 -19.8 23.0 SciTech 21.18 -1.47 -33.4 26.3
StrInc A 8.13 -0.09 -11.2 -5.2 MnStSmCpA p 24.08 -1.21 -14.9 21.4 ComPLUSStrtgyFd 7.39 NA NA NA TgtRe2045 n 23.11 -0.87 -18.6 17.9
Guard n 21.26 -1.23 -21.2 45.6 S StckIdx 44.71 -2.23 -17.9 34.6
TtlRtn A 8.34 -0.07 -14.1 -7.9 ModInvA 9.91 -0.30 -18.4 5.5 L DynamicBd 9.75 -0.08 -6.9 0.5 TgtRe2050 n 38.10 -1.48 -18.8 18.0
LCVal n 40.86 -1.10 -7.8 45.0 VANGUARD ADMIRAL:
FrankTemp/Franklin C: MunInA 11.78 -0.07 -12.9 -4.3 IncomeFd 10.60 NA NA NA TgtRe2060 n 39.02 -1.52 -18.8 18.0
Neuberger Berman Tr: Schwab Funds:
Income C 2.30 -0.05 -7.6 14.3 RchHiYldMuniA 6.76 -0.07 -14.5 -1.6 Laudus Funds: InflRespMulAsset 7.99 NA NA NA 400MCpIdxInst321.62-15.68 -15.3 26.5 TgtRet2055 n 42.41 -1.66 -18.8 18.0
RisingDivA 21.50 -1.01 -15.8 30.4 GenesisFdR6 60.05 -2.93 -19.7 23.9 1000 Inv nr 84.78 NA NA NA 500Adml n 358.77-17.82 -17.8 35.6 TgtRetInc n 12.53 -0.22 -12.6 4.1
FrankTemp/Franklin R: USLgCpGr nr 20.83 NA NA NA Pioneer Funds A:
RochAMTFrMuni 6.78 -0.05 -12.4 0.0 Nicholas Group: CoreEq n 19.85 NA NA NA BalAdml n 40.57 -1.36 -16.2 17.2 USGro n 42.84 -2.50 -34.1 27.1
FrkDynTchR6 106.22 -7.09 -35.0 23.5 Lazard Instl: CoreEqA 18.91 -1.08 -19.2 32.1
RochLmtTrNYMuni p 2.77 -0.02 -7.8 -1.7 Nich n 68.53 -3.81 -19.4 30.8 FunIntlLgInst nr 8.61 NA NA NA CAITAdml n 11.02 -0.07 -8.2 -1.8 WellsI n 25.31 -0.67 -10.7 8.5
FrkGrthR6 114.43 -6.82 -24.3 30.2 EmgMktEq 14.83 -0.45 -18.2 -5.7 DiscGrA 13.62 -0.90 -21.3 44.0
RoMu A p 14.65 -0.12 -15.4 -3.7 Northern Funds: PioFdA 30.20 -1.87 -19.9 35.8 FunUSLgInst nr 20.72 NA NA NA CALTAdml n 10.96 -0.07 -12.0 -3.8 Welltn n 40.46 -1.54 -15.4 17.5
FrkRisDivR6 81.53 -3.77 -15.3 32.6 GlbLstInfr 15.74 -0.55 -1.8 20.4
SenFltRtA 6.74 -0.03 -1.6 1.7 BdIdx n 9.24 -0.09 -12.5 -6.6 Pioneer Funds Y: InflProSel n 11.05 NA NA NA CapOpAdml nr 155.73 -8.31 -19.6 32.0 Wndsr n 22.19 -1.02 -7.6 37.6
FrkSmCpGrR6 19.11 -1.12 -28.0 7.8 IntStrtEq r 12.78 -0.49 -21.9 -2.5
SP IncomeA 4.51 -0.09 19.6 30.5 EmMktsEqIdx nr 10.39 NA NA NA IntI Sel nr 18.65 NA NA NA DivAppIdxAdm n 39.35 -1.96 -14.4 28.4 WndsrII n 38.77 -1.76 -15.4 35.0
FrankTemp/Mutual A&B: USEQ Concen Inst 15.68 -0.92 -18.9 16.0 BondY 8.31 -0.06 -12.2 -2.5
Invesco Funds P: HiYFxInc n 5.69 -0.11 -12.5 0.6 S&P Sel n 60.39 NA NA NA EMAdmr n 32.59 -1.58 -18.6 2.7 VANGUARD INDEX FDS:
Shares A 23.76 -0.91 -11.2 6.2 Legg Mason I: StratIncY p p 9.39 -0.05 -10.8 0.7 EnergyAd nr 55.32 -1.54 45.2 50.1
Summit P pn 19.42 -1.23 -28.5 23.7 IntlEqIdx nr 11.35 NA NA NA SmCp Sel nr 29.48 NA NA NA 500 358.75-17.83 -17.9 35.2
FrankTemp/Temp A: IntlGrTrI 50.87 -2.03 -26.3 4.1 Price Funds: TSM Sel nr 67.37 NA NA NA EnergyAdml nr 84.93 -1.76 17.3 5.6
Invesco Funds Y: IntTxExpt n 9.64 NA NA NA EmgMktInstPl 82.43 -4.00 -18.6 2.9
Frgn A 6.19 -0.15 -14.0 -3.4 Longleaf Partners: 2050RetFd n 15.58 -0.62 -20.1 18.6 USSmCoIdx nr 14.89 NA NA NA EqIncAdml n 85.18 -3.56 -5.7 30.3
DevMktY 34.22 -1.22 -27.2 -13.2 MidCpIdx n 19.94 -0.97 -15.4 26.2 ExtndIstPl 259.61-13.39 -23.9 19.9
GlBond A 7.63 -0.11 -10.6 -17.5 Partners n 19.60 -1.56 -21.0 12.3 Balnanced n 23.02 -0.74 -17.7 12.5 SEI Portfolios: EuropeAdml n 63.02 -2.40 -24.4 2.5
DiscovY 92.29 -4.04 -28.0 32.7 SmCpVal n 18.61 -0.70 -12.7 12.7 FTAIWdInPl 99.87 -3.79 -20.5 3.5
Growth A 20.34 -0.59 -16.7 -0.7 Sm-Cap n 22.27 -1.30 -15.3 3.9 BlChip n 120.63 -7.47 -32.2 15.2 ExplrAdml n 92.34 -5.10 -22.4 26.6
EqWtdY 68.46 -3.48 -14.1 33.1 StkIdx n 42.59 -2.12 -17.9 35.2 CoreFxIn F 9.66 -0.11 -14.1 -6.8 IdxIntl 15.90 -0.60 -20.8 3.3
World A 11.59 -0.54 -22.9 -8.0 Loomis Sayles Fds: Communica&Tech n 121.07 -7.99 -33.7 18.6 ExtndAdml n 105.20 -5.43 -23.9 19.9
GloblY 84.07 -6.19 -32.9 10.1 TxExpt n 9.47 NA NA NA IntlEmg F 9.95 -0.31 -22.9 -3.0 ITTresIdx Inst 24.91 -0.21 -9.8 -5.0
FrankTemp/Temp Adv: LSBondI 11.67 -0.14 -12.4 -5.7 DivGro n 63.92 -2.77 -13.3 33.1 GNMAAdml n 9.35 -0.12 -10.0 -6.7
IntGrowY 31.34 -1.62 -31.0 4.0 Nuveen Cl A: IntlEq F 9.35 -0.28 -23.0 2.6 LTTresIdx Inst 28.01 -0.34 -25.5 -17.7
Lord Abbett A: EmMktS n 33.96 -1.14 -25.0 -13.0 GroIncAdml n 86.10 -4.26 -16.8 37.2
GlBondAdv 7.59 -0.11 -10.4 -17.0 IntlSmCoY 36.20 -2.21 -36.1 -2.7 AAMunBd p 10.01 -0.07 -16.8 -7.6 IntMuni F 10.85 -0.07 -9.2 -2.2 MdCpGrAdml n 79.67 -4.95 -27.0 25.4
EqInc n 33.26 -1.39 -6.8 26.4 GrwthAdml n 119.65 -7.43 -27.4 41.1
Frost Family of Fund: Ivy Funds: Affiltd p 15.88 -0.64 -13.7 14.9 HiYldMuBd p 15.14 -0.19 -15.2 -2.2 TaxMgdLC F 30.68 -1.58 -16.6 29.9 MdCpVlAdml n 69.15 -3.51 -10.3 24.9
EqIndex n 102.19 -5.08 -17.9 35.0 HltClxAd nr 117.92 -3.20 -10.9 43.5
FrTRInst 9.52 -0.06 -5.1 2.3 AssetStrA p 20.17 -0.66 -16.6 13.9 BdDeb p 7.13 NA NA NA LtdMnBd p 10.72 -0.05 -5.0 0.2 Sequoia: SmValAdml n 67.22 -3.21 -11.8 25.7
GlbStk n 45.78 -2.35 -27.9 34.0 HlthCareAdml nr 84.85 -2.67 -8.2 36.6
CoreEqA t 15.80 -0.76 -17.9 38.3 CalibrDivGr 17.21 -0.88 -16.5 27.1 Nuveen Cl I: GlbTech n 12.15 -0.86 -47.9 9.2 SequoiaFd n 124.10 -7.00 -30.9 10.6 TotBd2 9.52 -0.09 -12.5 -6.7
HYCorAdml nr 5.15 -0.10 -10.5 0.4
G LgCpGwthA p 25.52 -1.76 -25.5 36.7 FloatRt p 7.98 NA NA NA HYMunBd 15.15 -0.18 -15.0 -1.6 Growth n 70.66 -3.74 -33.5 17.8 SmeadFds: TotIntlInstIdx r 106.35 -4.06 -20.8 3.6
InfProAd n 24.81 -0.30 -9.6 7.1
LgCpGwthl r 27.61 -1.91 -25.4 38.0 HYMuniBd p 10.63 NA NA NA Nuveen Cl R: HelSci n 88.50 -3.35 -15.0 43.6 SmeadValueInstl 63.26 -2.05 -8.6 42.6 TotItlInstPlId r 106.38 -4.06 -20.8 3.6
GE Elfun/S&S: InfTechIdx n 170.41 -11.17 -27.1 57.5
MidCapI 29.89 -1.99 -29.4 32.2 IntrTxFr 9.97 NA NA NA InstFLRfd r 9.29 -0.04 -1.6 7.3 SSgA Funds: TotSt 94.71 -4.74 -18.9 32.8
IntDMunBd 8.65 -0.07 -9.0 -1.9 IntlGrAdml n 94.02 -4.29 -32.5 19.9
Trusts n 64.32 -3.54 -19.3 38.7 MdCpGwthA p 26.54 -1.78 -29.6 30.7 MultiAstBalOppty 10.16 NA NA NA InstHiYld 7.45 -0.18 -12.1 -0.5 VANGUARD INSTL FDS:
LmtTrmR 10.68 -0.04 -4.9 0.8 SP500 n 223.45 NA NA NA ITBondAdml n 10.25 -0.10 -12.5 -5.2
GMO Trust Class III: ScTechA p 50.14 -2.95 -29.6 23.3 ShtDurIncmA p 3.88 NA NA NA LgCapGow I 51.60 -2.71 -29.8 30.3 BalInst 40.58 -1.36 -16.2 17.2
ITIGradeAdml n 8.40 -0.10 -13.8 -4.5
Quality 24.26 -1.13 -17.7 35.7 ScTechI r 60.63 -3.57 -29.5 23.9 TaxFr p 10.15 -0.08 -14.7 -6.1 O InstLCCoreGr 47.91 -2.95 -32.0 15.6 T DevMktsIndInst 12.70 -0.44 -21.5 4.2
ITsryAdml n 10.11 -0.09 -9.5 -3.8
GMO Trust Class IV: Lord Abbett C: LgCpVal 25.62 -1.07 -7.7 27.2 DevMktsInxInst 19.85 -0.69 -21.5 4.2
J ITTresIdx n 20.07 -0.17 -9.8 -5.0
EmgCntrDt 18.38 -0.27 -20.0 -12.5 ShtDurIncmC t 3.90 NA NA NA Oakmark Funds Invest: InstSmCap 25.88 -1.20 -21.2 20.6 TCW Funds: LarCapAd n 89.55 -4.48 -19.0 34.9 EmMkInst r 24.78 -1.20 -18.6 2.8
GMO Trust Class VI: Lord Abbett F: EqtyInc nr 29.85 -0.99 -12.9 20.4 IntDis n 56.39 -2.05 -33.0 9.2 EmMktInc n 6.05 -0.12 -19.0 -16.6 LTGradeAdml n 8.05 -0.13 -24.2 -12.5 ExtndInst 105.20 -5.42 -23.9 19.9
Janus Henderson:
BdDeb 7.12 NA NA NA Oakmark n 103.01 -4.08 -13.6 40.7 IntlStk n 15.83 -0.56 -20.3 1.1 TotRetBondI n 8.52 -0.10 -14.3 -7.6 LTsryAdml n 9.35 -0.12 -25.6 -16.9 FTAlWldIst r 94.31 -3.58 -20.5 3.4
Quality 24.27 -1.12 -17.7 36.1 Balanced C 37.45 -1.19 -17.2 14.5
ShtDurIncm 3.88 NA NA NA OakmrkInt n 21.49 -0.55 -23.5 -5.6 MCapVal n 30.83 -1.34 -8.3 32.2 Thompson IM Fds,Inc: LTTresIdx n 22.07 -0.27 -25.5 -17.7 FTScinst 25.82 -1.47 -22.1 34.2
Goldman Sachs Inst: Balanced T n 38.07 -1.20 -16.7 17.2
Lord Abbett I: Select n 52.29 -2.37 -18.6 29.7 MCEqGr 56.51 -2.99 -23.6 14.8 Bond n 10.22 -0.02 -5.1 0.1 MidCpAdml n 254.26-14.27 -18.9 26.4 GrwthInst 119.66 -7.43 -27.4 41.2
EmgMktEq 20.67 NA NA NA Enterprise T n 130.14 -6.03 -16.8 22.8 MidCap n 90.42 -4.65 -22.9 15.3 InPrSeIn 10.11 -0.12 -9.6 7.2
BdDebentr 7.09 NA NA NA Old Westbury Fds: Thornburg Fds: MuHYAdml n 10.25 -0.09 -12.6 -2.8
HYMuni 8.98 -0.10 -13.8 -2.4 Grw&Inc T n 64.91 -2.91 -17.1 25.5 N Asia n 15.85 -0.53 -24.6 3.4 InstIdx 329.24-16.35 -17.8 35.6
FloatRt 7.99 NA NA NA AlCpCore n 20.67 NA NA NA IncBuildA t 20.75 -0.38 -12.0 11.2 MuIntAdml n 13.25 -0.08 -8.3 -1.2
Muni 14.85 -0.11 -9.8 -1.7 Resh T n 48.92 -2.96 -28.0 24.8 NAmer n 53.37 -2.68 -21.8 49.8 InstPlus 329.25-16.35 -17.8 35.7
HiYld 6.26 NA NA NA CreditIncomeFd n 8.41 NA NA NS IntVal I 20.45 -0.58 -24.4 6.9 MuLTAdml n 10.47 -0.07 -11.9 -2.9
ShDuTF 10.23 -0.04 -4.2 -0.7 Jensen I : New Era n 39.93 -1.60 -0.3 27.0 InstTStPlus 68.95 -3.44 -18.8 33.4
ShtDurInc p 3.88 NA NA NA FixInc pn 10.11 NA NA NA LtdTIncI 12.59 -0.07 -6.8 0.4 MuLtdAdml n 10.64 -0.04 -3.8 0.9
SmCapVa 49.50 NA NA NA Jensen I 55.10 -2.47 -17.7 37.5 NHoriz n 51.47 -3.19 -33.0 24.0 ITBdInst 10.24 -0.11 -12.6 -5.2
LrgCpStr n 14.53 NA NA NA LtdTMu I 13.48 -0.05 -5.6 -1.7 MuShtAdml n 15.55 -0.03 -1.4 1.4
Guggenheim Funds Tru: JensenQualGrJ n: OverS SF nr 10.36 -0.29 -21.9 4.5 ITBdInstPI 10.25 -0.10 -12.5 -5.1
MN MuniBd pn 11.34 NA NA NA Thrivent Funds A: NJLTAdml n 10.92 -0.09 -11.9 -2.2
MacOppFdClInstl 24.10 -0.23 -8.4 5.1 JensenQualGrJ n 55.17 -2.47 -17.8 36.6 QMUSSmCpGrEq n 35.61 -1.91 -23.2 12.4 NYLTAdml n 10.40 -0.07 -12.5 -4.1 LaCapInst 368.58-18.45 -19.0 34.9
Sm&MdCapStrategi n 13.79 NA NA NA LgCpStk 22.87 -1.02 -20.2 18.6
TotRtnBdFdClInst 23.91 -0.21 -14.2 -1.0 JHF III DispVal: MainStay Fds A: SpectModerGwAllo n 34.13 -1.22 -19.7 13.0 PacifAdml n 76.44 -2.23 -20.1 0.7 MidCpInst 56.17 -3.15 -18.9 26.4
Optimum Funds Inst: MidCapStk 26.88 -1.30 -17.0 34.9
GuideStone Funds: DispVal I 21.30 -0.85 -9.2 27.4 HiYldBdA 4.94 -0.08 -9.2 2.3 R2010 n 15.07 -0.35 -14.1 8.8 PALTAdml n 10.47 -0.07 -11.6 -2.8 MidCpIstPl 277.02-15.54 -18.9 26.4
Fixed Inc 8.34 -0.09 -13.2 -5.9 Thrivent Funds S: RealEstaInstl 19.81 -1.20 -21.1 8.0
EqindxGS2 41.05 NA NA NA DispValMCI 24.48 -1.22 -11.6 25.0 TxFrBdA 9.20 -0.06 -12.0 -3.5 R2015 n 12.59 -0.30 -14.4 10.2 PrmcpAdml nr 138.34 -8.26 -18.4 28.6
LgCpGrwth 17.55 -1.04 -31.1 16.8 R2020 n 18.91 -0.47 -14.9 11.6 LgCpVal n 26.02 -1.04 -8.3 35.2 Rs1000GrwIdxInst449.77-25.49 -25.2 44.8
MedDurGS2 12.81 NA NA NA DispValMdCp 23.31 -1.15 -11.7 24.1 Mairs&Power: RealEstatAdml n 127.98 -7.76 -21.2 7.9
LgCpVal 18.87 -0.76 -10.6 24.4 R2025 n 16.40 -0.46 -16.0 13.5 MidCapStk n 31.62 -1.53 -16.9 36.0 Rs1000Vl IdxInst253.44 -11.13 -11.0 21.8
DispValMdCpR624.49 -1.21 -11.5 25.4 MairsPwrGr n 128.76 -7.00 -20.5 29.5 S&PSC600Idx 348.45-14.61 -17.5 22.1
H Osterweis Strat Income: R2030 n 24.35 -0.76 -17.4 14.9 TIAA-CREF/Instl Cl: Russ1000IdxInst342.82-17.26 -18.6 34.7
DispValR6 21.35 -0.86 -9.1 27.7 Mass Mutual: SmCapAdml n 89.11 -4.51 -17.3 22.2
JHITFunLgCpCorFd: OsterweisStrInc n 10.27 -0.27 -7.7 5.9 R2035 n 18.58 -0.65 -18.7 16.2 CoreBond Inst 9.15 -0.09 -12.5 -5.4 SmGthAdml n 74.34 -4.08 -24.8 13.7 Russ3000Idx 337.68-16.93 -18.6 33.4
Harbor Funds: SelBluChipGroClI 20.27 -1.22 -29.9 18.7 R2040 n 26.33 -1.01 -19.6 17.4 SmCapInst 89.11 -4.51 -17.3 22.3
FunLgCpCorA 56.72 -3.23 -20.7 34.4 CorePlsBd 9.17 -0.09 -12.5 -4.6 STBondAdml n 9.91 -0.06 -5.6 -1.5
CapApInst 69.16 -3.73 -31.4 35.7 MassMutual Select: PQ Ret2045 n 18.42 -0.73 -19.9 18.6 SmCapIstPl 257.20-13.02 -17.3 22.3
John Hancock: TIAA-CREF/Retail Cl: STCorpIx n 20.55 -0.11 -6.1 -0.4
IntlInst 36.85 -1.15 -21.9 3.2 MCGrEqIII 20.05 -1.06 -23.9 16.7 Ret2055 n 16.12 -0.65 -20.1 18.3 STFedAdml n 10.18 -0.06 -4.8 -0.2 SmGthInst 59.53 -3.27 -24.8 13.7
500Index1 43.01 -2.14 -18.0 34.5 Parnassus Fds: Gro&Inc n 20.51 -1.01 -20.8 27.5
SmCpValInst 37.31 -1.58 -12.3 19.5 Matthews Asian Funds: RetBal Inc n 13.11 -0.27 -13.0 9.4 STIGradeAdml n 9.98 -0.06 -6.1 -0.4 SmValInst 37.58 -1.79 -11.7 25.8
BondI 13.60 -0.16 -13.6 -4.6 ParnEqFd n 50.90 -2.88 -19.6 32.0 TIAA/CREF Funds:
Harding Loevner: PacTigerInv nr 21.61 -0.74 -21.5 2.2 SciTec n 29.36 -2.15 -32.4 13.5 STIPSIxAdm n 24.63 -0.13 -2.1 9.4 STBdIdxInstPl 9.91 -0.06 -5.6 -1.4
BondR6 13.62 -0.16 -13.5 -4.4 Pax World Fds: BdIdxInst 9.61 -0.10 -12.4 -6.6
EmgMktsAdv n 41.94 -1.62 -29.5 -15.3 Metropolitan West: Sht-Bd n 4.52 -0.02 -4.4 0.6 STsryAdml n 10.04 -0.06 -4.4 -0.5 STBDInst 9.91 -0.06 -5.6 -1.4
ClassicVal I 36.07 -1.63 -10.0 21.4 SustAll Inv n 23.98 -0.81 -16.5 18.1 SmCap n 51.82 -2.08 -16.1 23.5 EqIdxInst 27.86 -1.39 -18.5 33.5
IntlEq 22.21 -0.81 -26.1 5.8 LowDurBdI 8.30 NA NA NA STTresIdx n 19.37 -0.10 -4.0 -1.0 STCorpIxInst p 25.15 -0.14 -6.1 -0.3
IntlGrwI 24.44 -0.90 -29.9 2.9 Pear Tree: SmCapStk n 54.87 -2.53 -21.3 20.8 Gr&IncInst 13.59 -0.68 -20.7 28.5
Hartford Funds A: TotRetBd n 9.28 NA NA NA TotBdAdml n 9.64 -0.09 -12.4 -6.2 STIGradeInst 9.98 -0.06 -6.1 -0.3
John Hancock Class 1: SpecGr n 22.14 -1.01 -19.3 23.4 HgYldInst 8.21 -0.20 -11.2 -2.2
TotRetBdI 9.28 NA NA NA ForeignVal I r 18.49 -0.52 -22.7 -7.0 TotIntBdIdxAdm n 19.51 -0.01 -11.0 -9.5 STIPSIxins 24.65 -0.13 -2.1 9.5
BalIncA 14.07 -0.31 -11.1 9.1 BlueChipGrw 38.32 -2.38 -31.6 14.9 IntlEqIdxInst 17.96 -0.56 -21.5 1.6
TRBdPlan 8.69 NA NA NA Perm Port Funds: SpecInc n 11.17 -0.16 -11.1 -1.1 TotIntlAdmIdx nr 26.60 -1.01 -20.8 3.5 TotBdInst 9.64 -0.09 -12.4 -6.1
CapAppA 34.17 -1.70 -19.6 17.9 LSAggr 13.55 -0.58 -19.7 20.0 IntlEqInst 10.69 -0.33 -24.3 5.6
UnconstrBdI 10.49 NA NA NA Permanent n 44.73 -1.22 -10.3 21.7 SuMuInt n 11.08 -0.07 -8.7 -2.2 TotStAdml n 94.75 -4.73 -18.8 33.2 TotBdInst2 9.52 -0.09 -12.4 -6.5
DiscpEqA 40.56 -1.87 -18.0 30.7 LSBalncd 12.78 -0.38 -16.5 12.7 LC2040Inst 9.47 -0.33 -18.2 16.4
MFS Funds: PGIM Funds Cl A: TF Incom n 10.78 -0.12 -12.8 -3.2 TxMBal nr 36.53 -0.99 -13.2 16.3 TotBdInstPl 9.64 -0.09 -12.4 -6.1
DivGth A 29.91 -1.27 -11.7 33.1 LSGwth 13.35 -0.50 -18.2 16.8 TotIndex n 41.98 -2.09 -18.9 31.3 LCIdx2020Inst 17.41 -0.44 -14.8 9.5
IIE 26.27 -0.81 -21.5 9.9 TxMCapAdml n 200.71-10.17 -18.5 35.1 TotIntBdIdxInst 29.27 -0.03 -11.0 -9.4
EqInc 21.45 -0.72 -5.3 31.6 LSModer 11.84 -0.27 -14.2 7.8 HighYield 4.65 NA NA NA LCIdx2025Inst 18.93 -0.53 -15.6 11.3
U.S.EqResch n 37.04 -1.85 -18.1 36.2 TxMIn nr 12.68 -0.44 -21.5 4.1 TotStInst 94.76 -4.74 -18.8 33.3
GrOppty 31.10 -1.94 -34.5 19.5 John Hancock Funds A: MFS Funds Class A: JennGrowth 40.58 -2.27 -31.8 35.9 LCIdx2035Inst 21.80 -0.73 -17.3 14.8
USLrgCpCore n 29.82 -1.53 -16.8 29.7 TxMSC nr 76.55 -3.22 -17.5 22.0 TtlWrldIxInst p 174.12 -8.37 -19.5 20.0
MidCap A 24.69 -1.52 -24.7 7.3 AgGrAIA 25.27 -1.16 -19.1 18.7 JennUtility 16.38 -0.56 3.4 29.8 Value n 41.23 -1.58 -13.7 29.7 LCIdx2040Inst 22.90 -0.83 -18.0 16.9
BalA 22.60 -0.75 -16.2 16.4 USGroAdml n 111.05 -6.47 -34.1 27.5 TxMCaInst r 99.73 -5.05 -18.5 35.2
Hartford Funds C: BondA p 13.59 -0.16 -13.8 -5.5 CoEqyA 39.39 -1.87 -17.2 32.0 TotalReturnBond p 12.17 -0.13 -14.4 -7.8 Price Funds - Adv Cl: LCIdx2045Inst 23.60 -0.92 -18.6 19.2 UtilIxAd nr 81.16 -2.97 4.9 26.6 ValueInst 52.09 -1.95 -8.1 28.0
Bal IncC 13.81 -0.32 -11.6 6.7 LifeBal 12.88 -0.39 -16.8 11.4 GrowthA 128.20 -8.74 -28.8 24.2 PGIM Funds Cl Z: LrgCpGrIdxInst 43.24 -2.45 -25.2 44.9
BlChip p 117.63 -7.28 -32.3 14.2 ValAdml n 52.09 -1.95 -8.2 28.0 Victory Funds:
Hartford Funds I: LifeGrw 13.40 -0.50 -18.5 15.5 IntlVA 37.95 -1.51 -28.4 2.9 HighYield 4.66 NA NA NA LrgCpGrInst 17.06 -1.01 -29.0 29.0 WdsrllAdml n 68.78 -3.13 -15.3 35.3
Growth p 68.46 -3.63 -33.7 16.9 EstValA 46.41 NA NA NA
BalIncI 14.08 -0.31 -11.0 10.0 John Hancock Instl: MCapA 22.09 -1.41 -28.6 15.4 JennGrowth 45.74 -2.55 -31.6 37.1 LrgCpVl IdxInst 21.88 -0.96 -10.9 22.0 WellsIAdml n 61.31 -1.63 -10.6 8.8
R2030A p 24.03 -0.76 -17.6 14.0 EstValI 45.72 NA NA NA
DivGthI 29.73 -1.27 -11.6 34.2 MCapValA 27.88 -1.31 -11.5 27.1 TotalReturnBond 12.13 -0.13 -14.2 -7.1 LrgCpVl Inst 19.05 -0.78 -12.3 24.8 WelltnAdml n 69.86 -2.68 -15.4 17.8
StratIncmOppI 9.73 -0.13 -10.5 -0.2 R2040A p 25.99 -0.99 -19.8 16.5 SmCoOppI 46.63 NA NA NA
EmrgMktEqInv 14.38 -0.46 -24.6 -3.9 MIGA 34.04 -1.97 -20.1 34.5 PIMCO Fds Admin: QuantSmCpEqInst 15.95 -0.78 -16.3 22.8 WndsrAdml n 74.83 -3.41 -7.5 38.1
JPMorgan A Class: Price Funds - R Cl: Virtus Equity Trust:
EqIncI 21.29 -0.72 -5.2 32.5 MITA 33.60 -1.67 -17.4 27.5 TotRtAd p 8.77 NA NA NA RealSecInst 17.97 -1.18 -24.0 9.9 VANGUARD FDS:
CoreBond 10.33 -0.08 -11.4 -5.1 MuHiA 7.30 -0.08 -13.7 -4.8 R2030R p 23.71 -0.75 -17.7 13.1 S&P500IdxInst 42.82 -2.13 -17.8 35.5 SmCapSusI 36.04 NA NA NA
IntlAlphaInv 13.44 -0.51 -25.3 14.1 CorePlusBd p 7.29 -0.07 -12.0 -5.1 PIMCO Fds Instl: PRIMECAP Odyssey Fds: CAIT n 11.02 -0.07 -8.3 -2.0
MuInA 7.97 -0.06 -11.7 -4.2 S&P500IdxRet 42.45 -2.11 -18.0 34.5 VirtusFunds:
MidCap 26.03 -1.60 -24.6 8.0 EqInc p 21.58 -0.73 -6.8 28.7 AllAsset 10.90 NA NA NA DivdGro n 34.14 -1.37 -10.2 32.2
MuLtdA 7.80 -0.03 -5.8 -1.1 AggGrowth nr 39.75 -2.07 -24.6 15.0 SmCpBl IdxInst 20.75 -0.96 -19.1 18.2 CeredexMdCpVlEqI 10.66 NA NA NA
WorldBond 9.87 -0.04 -4.9 -4.1 GwthAdv p 23.66 -1.35 -25.5 53.7 AllAssetAuth r 6.74 NA NA NA Growth nr 36.25 -1.84 -17.8 25.7 DivrEq n 41.44 -2.15 -21.3 33.4
ResBdA 9.50 -0.10 -13.2 -5.5 SocChEqInst 22.94 -1.17 -19.2 33.2 VirtusFunds Cl I:
Hartford HLS Fds IA: Inv Bal p 14.52 -0.37 -14.0 13.0 CommodtyRR 5.62 NA NA NA Stock nr 33.53 -1.82 -16.4 25.3 Energy nr 45.25 -0.94 17.3 5.3
RschA 49.82 -2.46 -17.6 28.1 Tortoise Capital: EmMktI 7.93 NA NA NA
Balanced 26.52 -0.91 -14.0 21.5 InvCon p 11.94 -0.22 -12.5 6.0 DivInc 9.16 NA NA NA Principal Investors: EqInc n 40.65 -1.69 -5.8 30.0
TotRA 18.75 -0.48 -12.0 15.4 TorMLPPipInsCl 13.34 -0.27 22.6 20.1 Explr n 99.24 -5.48 -22.5 26.2 MulSStI 4.38 -0.02 -5.5 0.4
CapApp 38.59 -1.93 -17.6 23.3 InvG&I p 16.98 -0.52 -15.3 19.1 EmMktsBd 8.12 NA NA NA
UtilA 24.80 -0.85 2.2 27.6 HiYld IN 8.01 -0.16 -11.3 0.4 Touchstone Funds Gro: Vivaldi Merger:
DiscEqui 16.11 -0.74 -18.1 32.3 InvGrwt p 21.01 -0.79 -17.1 25.3 HiYld 7.69 -0.19 -11.8 -1.0 FTAlWldInAdml n 29.75 -1.13 -20.5 3.4
ValueA 48.05 -1.93 -10.9 23.2 InfPro IN 8.37 -0.09 -9.8 6.3 MdCpY 42.06 -1.76 -15.2 15.8 Arbitrage Fund 10.61 0.01 0.7 11.9
Div&Grwth 21.76 -0.95 -11.8 34.5 LgCpGwth p 46.28 -2.19 -23.3 52.4 IntlBdUSH 9.70 NA NA NA GlbCapCyl Inv nr 10.67 -0.33 -3.4 42.1
MFS Funds Class I: LgIndxI 19.92 -0.99 -17.9 34.9 Touchstone Strategic: Voya Fds:
Stock 91.58 -3.68 -10.4 32.5 USEquity 18.06 -0.90 -17.6 45.1 InvGrdCrBd 8.77 NA NA NA GlbEq n 29.44 -1.52 -23.5 14.6
GrowthI 138.65 -9.44 -28.7 25.1 LT2020 In 12.31 -0.31 -14.6 9.4
TotRetBd 9.32 -0.09 -13.7 -5.3 JPMorgan I Class: LgTrmCrdtBd 8.96 NA NA NA LagCapFoc A p 47.90 -2.30 -18.5 37.2 GloMinVolFdAdm n 27.21 -0.64 -7.9 3.5 InmdBdI 8.74 NA NA NA
MCapI 23.76 -1.52 -28.4 16.3 LT2030In 13.37 -0.43 -17.2 12.8
CoreBond 10.32 -0.08 -11.2 -4.4 LngDurTotRtrn 7.47 NA NA NA Transamerica A: GNMA n 9.35 -0.12 -10.1 -6.9
MCapValI 28.72 -1.34 -11.3 28.0 LT2040I 14.45 -0.58 -18.9 15.3 WXYZ
I CorePlusBd 7.29 -0.07 -11.7 -4.1 LowDur 9.21 NA NA NA AsAlModGr p 10.97 -0.35 -18.6 11.3 GroInc n 52.75 -2.61 -16.9 36.7
ResBdI 9.50 -0.10 -13.1 -5.1 LT2050I 14.94 -0.67 -19.8 16.8
EmMktEq I 27.38 -1.02 -27.5 -3.3 LowDurInc r 7.99 NA NA NA Trust for Professional Ma: HlthCare nr 201.19 -6.33 -8.3 36.4
IFP US Equity Fund: RschI 51.44 -2.53 -17.4 29.0 MidCpBldA 30.92 -1.77 -23.5 19.5 Wasatch:
EqInc 22.01 -0.74 -6.6 29.5 ModDur 9.37 NA NA NA HYCor nr 5.15 -0.10 -10.5 0.1
ValueI 48.37 -1.94 -10.7 24.2 PreSecI 8.99 -0.03 -10.3 0.6 PrfTrtStrtBd Ins 19.53 -0.24 -11.9 -4.6
IFP US EquityFd 18.78 -0.86 -12.7 34.4 GrAdv r 24.99 -1.43 -25.4 54.8 MortgOppBd 9.89 NA NA NA InflaPro n 12.63 -0.16 -9.7 6.7 CoreGr n 65.26 -4.77 -30.7 21.8
Morgan Stanley Inst: PtrLGI In 15.39 -0.94 -30.7 24.4 Tweedy Browne Fds: IntlExplr n 14.48 -0.50 -32.0 -5.4
INVESCO A Shares: LgCpGwth 47.57 -2.24 -23.2 53.6 RealRtnI 10.43 NA NA NA WCM:
PtrLV In 17.86 -0.70 -9.0 23.0 GblValue n 25.52 -0.60 -12.3 3.7 IntlGr n 29.55 -1.35 -32.5 19.5
AmValA 34.86 -1.69 -11.5 20.9 MdCpGrw 38.85 -2.15 -25.8 32.5 CapGrI 36.22 -2.47 -51.2 8.5 ShortT 9.60 NA NA NA FcusEmgMk Inst 12.81 -0.48 -31.4 4.5
RealEstSecI 27.94 -1.49 -19.4 11.9 IntlVal n 34.15 -1.01 -17.9 4.5
Invesco Fds Investor: MdCpVal 36.78 -1.78 -10.1 23.2 CapGrP p 33.03 -2.26 -51.3 7.7 ShtAssetInv 9.83 NA NA NA WCM Focus Funds:
SAMBalA p 14.52 -0.48 -16.6 10.0 U ITIGrade n 8.40 -0.10 -13.9 -4.8
MtgBckd 10.18 -0.09 -9.0 -3.6 GloFranI t 29.73 -1.41 -19.6 20.0 StksPLS 10.42 NA NA NA WCMFocIntlGrwIns 18.79 -1.14 -32.1 15.5
DivrsDiv n 18.69 -0.59 -5.5 19.4 SAMGrA p 16.92 -0.71 -18.5 14.2 LifeCon n 19.45 -0.40 -15.0 4.1
ShtDurBnd 10.52 -0.04 -3.8 1.5 MorganStanleyPathway: TotRetESG 7.82 -0.08 -14.3 -6.9 UM Funds: Western Asset:
Invesco Funds A: Putnam Funds Class A: LifeGro n 36.06 -1.28 -18.1 15.1
SmCap 54.94 -2.92 -18.1 18.5 CoreFxIcm n 6.96 -0.08 -14.0 -6.7 TotRt 8.77 NA NA NA BehavVal 78.97 -3.41 -5.2 37.9
500InxA 41.10 -2.05 -18.1 33.6 DynAAGthA 15.84 NA NA NA LifeInc n 14.57 -0.19 -13.4 -1.7 CoreBondI 10.84 NA NA NA
USEquity 18.15 -0.90 -17.5 46.2 LgCapEq n 20.50 -1.09 -19.9 25.9 TrndsMgdFutStrgy 12.92 NA NA NA USAA Group: CoreBondIS 10.83 NA NA NA
ActiveAllA 12.26 -0.45 -20.5 8.8 PutLargCap p 28.76 -1.18 -6.9 35.0 LifeMod n 27.75 -0.78 -16.5 9.6
ValAdv 37.09 -1.53 -7.0 25.5 Munder Funds: PIMCO Funds A: CorePlusBdA 9.55 NA NA NA
CapApprA p 51.21 -2.57 -26.3 33.8 GlbHlthCare p 55.60 -1.56 -12.3 42.3 500Indx Reward n 50.42 -2.53 -18.5 36.9 LTIGrade n 8.05 -0.13 -24.3 -12.7
JPMorgan Inst Class: MndrIntlSmCpInv r 12.20 NA NA NA IncomeFd 10.60 NA NA NA GrOpp p 43.39 -2.51 -26.0 36.1 CorePlusBdI 9.58 NA NA NA
Chart 15.31 -0.77 -20.6 23.0 CrnstModAggr n 24.03 -0.68 -15.2 7.5 MATxEx n 9.82 -0.07 -12.0 -3.3
CmstA 27.99 -1.05 -4.8 34.2 ValAdv L 37.15 -1.53 -6.9 26.1 Mutual Series: LowDurInc 7.99 NA NA NA StDurInc 9.99 -0.01 0.0 2.0 Gr&Inc n 20.79 -1.02 -18.2 25.4 CorePlusBdIS 9.55 NA NA NA
MidCpGro pn 19.53 -1.14 -27.6 11.3
DevMktA 34.74 -1.24 -27.4 -13.8 JPMorgan L Class: BeacnZ 14.89 -0.63 -17.1 7.2 RealRtnA 10.43 NA NA NA SustainLdrsFd p 96.49 -5.12 -22.1 34.4 Grwth n 25.63 -1.58 -29.3 22.0 ManagedMuniA 14.70 NA NA NA
MuHY n 10.25 -0.09 -12.7 -3.1
DiscFdA p 74.89 -3.28 -28.1 31.8 Fl EmMktEq L 27.62 -1.03 -27.5 -3.0 GlbDiscA 27.59 -0.90 -10.5 8.1 TotRetA 8.77 NA NA NA Putnam Funds Class Y: Inco n 11.33 -0.10 -12.9 -3.8 SMAShCrPlCp n 6.32 NA NA NA
MuInt n 13.25 -0.08 -8.4 -1.4
DisMdCpGrA 21.75 -1.11 -28.1 28.6 MdCpVal L 37.43 -1.80 -10.0 24.0 GlbDiscz 28.33 -0.93 -10.3 8.9 PIMCO Funds C: GrOpp Y 46.16 -2.67 -25.8 37.1 IncStk n 18.00 -0.75 -8.9 22.6 SmashSerC n 8.66 NA NA NA
OHLTte n 11.23 -0.09 -12.8 -3.4
DivIncm p 24.18 -0.66 -4.4 18.4 JPMorgan R Class: QuestZ 13.12 -0.33 -9.3 1.5 IncomeFd 10.60 NA NA NA Incm 5.92 NA NA NA IntmTerm n 12.34 NA NA NA Primcp nr 133.47 -7.97 -18.4 28.3 SmashSerM n 8.29 NA NA NA
DivrsDiv p 18.69 -0.59 -5.5 19.1 CoreBond 10.34 -0.07 -11.1 -3.8 SharesZ 24.11 -0.93 -11.0 7.0 PIMCO Funds I2: PutLargCap 28.76 -1.18 -6.7 36.0 LgTerm n 11.79 NA NA NA PrmcpCor n 28.08 -1.48 -16.5 26.9 Wm Blair Funds Cl I:
EqIncA 10.20 -0.27 -9.5 22.9 CorePlusBd 7.30 -0.07 -11.6 -3.9 Natixis Funds: CommdtyRR 5.58 NA NA NA StDurInc 10.01 0.00 0.2 2.4 Nasdaq100 n 31.46 -1.93 -27.1 52.9 SelValu nr 26.43 -1.29 -13.8 23.0 SmMidI r 26.37 -1.37 -24.0 11.2
September 19, 2022 BARRON’S 53

D ATA MARKET LABORATORY B A R R O N S .C O M / D ATA

DJ Half-Hourly Averages Trading Diary

The Dow Jones Averages Dow Jones 30 Industrial (divisor: 0.15172752595384)
Daily
Open (t)
Open (a)
10:00
Sep 12
32259.80
32159.49
32447.32
13
31810.38
32006.50
31721.98
14
31172.72
31141.02
31205.53
15
31108.66
31124.68
31228.25
16
30645.20
30866.61
30605.29
Market Advance/Decline Volumes
Daily
NY Up
NY Off
Sep 12
706,584
13 14
38,373 499,874 324,261 680,334
107,815 888,932 476,971 649,003 2,670,311
NY Up - Comp. 3,226,740 211,243 2,209,411 1,567,973 1,443,409
15 16

NY Off - Comp. 487,366 3,991,337 1,995,220 2,831,784 6,414,653

10:30 32482.21 31637.65 30985.39 31100.40 30721.48 NYSE Amer UP 7,713 2,350 9,703 4,520 49,295
11:00 32431.06 31518.54 31236.49 31083.85 30643.40
Industrials 11:30 32458.16 31506.25 31169.20 31118.84 30630.52
NYSE Amer Off
NASD Up
5,828 10,424 5,734 8,857 27,232
2,981,296 1,116,199 3,022,978 1,906,941 1,661,083
36350 12:00 32319.90 31477.66 31187.27 30996.49 30697.08 NASD Off 1,126,483 4,048,273 1,745,193 2,851,183 5,701,090
12:30 32333.26 31482.75 31142.73 30962.26 30566.95 NYSE Arca UP 197,301 45,716 170,538 67,324 89,717
Week's NYSE Arca Off 38,846 300,275 72,432 206,906 216,330
Components Change 1:00 32367.42 31500.55 31203.61 31075.27 30648.76
1:30 32418.97 31574.74 31178.49 31237.44 30603.10 % (QCHA) +.87 –2.64 +.19 –1.05 –1.05
3M -6.49 % (QACH) +.25 –1.91 –.65 –.79 –.79
2:00 32388.54 31497.86 31040.68 31169.25 30606.42
35300 % (QCHAQ) +.80 –2.12 +.02 –1.33 –1.33
American Express -5.36 2:30 32325.62 31414.12 31038.34 31144.48 30723.23
Amgen -16.55 3:00 32350.05 31307.47 30998.37 31026.80 30761.04 Market Advance/Decline Totals
Apple -6.67 3:30 32326.55 31183.68 30951.41 30889.62 30760.93 NYSE NYSE
Boeing -13.23 Weekly Comp. NYSE Amer Nasdaq Arca
Close 32381.34 31104.97 31135.09 30961.82 30822.42
Caterpillar -10.02 Total Issues 3,576 305 5,456 1,944
34250 High (t) 32622.92 31989.12 31416.45 31444.56 30987.23 Advances 630 82 1,379 148
Chevron -3.52 Low (t) 32089.30 31011.55 30790.85 30740.50 30356.19 Declines 2,836 216 3,861 1,769
Cisco Systems -2.47 High (a) 32504.04 32006.50 31276.82 31277.69 30866.61 Unchanged 110 7 216 27
Coca-Cola -2.78 Low (a) 32159.49 31018.54 30885.02 30882.08 30550.08 New Highs 99 5 165 41
Disney -6.93 Change +229.63 –1276.37 +30.12 –173.27 –139.40 New Lows 480 42 736 315
Dow -4.09 33200 Week ended last Friday compared to previous Friday
Goldman Sachs -13.89 Theoretical (t): High 32622.92 Low 30356.19
Home Depot -23.80 Actual (a): High 32504.04 Low 30550.08 NYSE Composite Daily Breadth
Honeywell Intl -14.34 Daily Sep 12 13 14 15 16
IBM -1.92 32150 Issues Traded 3,377 3,381 3,367 3,357 3,360
Intel -2.22 Dow Jones 20 Transport (divisor: 0.16343894576034) Advances 2,430 379 1,662 937 861
Johnson & Johnson 1.89 Declines 771 2,893 1,526 2,281 2,347
Open (t) 14159.42 13917.92 13694.23 13692.51 12934.43 Unchanged 176 109 179 139 152
JPMorgan Chase -2.09 Open (a) 14105.51 14083.45 13686.40 13657.49 13009.52 New Highs 42 17 33 18 13
McDonald's -4.61 10:00 14200.84 13965.85 13629.98 13709.19 12723.05
31100 New Lows 37 105 183 176 362
Merck 0.38 10:30 14254.24 13956.04 13478.46 13768.89 12859.36 Blocks - primary 3,804 4,035 4,080 4,140 6,268
Microsoft -19.72 11:00 14268.48 13889.62 13497.12 13690.94 12831.89 Total (000) - primary 830,185 930,602 994,354 984,816 3,384,037
Nike Cl B -6.85 11:30 14230.37 13893.72 13558.62 13603.24 12808.97 Total (000) 3,814,205 4,224,557 4,293,242 4,441,839 7,954,652
Procter & Gamble -1.68
12:00 14255.72 13855.72 13579.65 13648.64 12806.86 NYSE American Composite
Salesforce -11.08 30050 12:30 14215.28 13914.33 13575.56 13551.99 12787.47 Daily Sep 12 13 14 15 16
Travelers Cos -1.82
1:00 14236.08 13894.17 13652.02 13585.04 12772.57 Issues Traded 290 289 285 285 286
UnitedHealth Group -3.32
1:30 14261.74 13899.61 13663.39 13648.93 12713.39 Advances 146 74 118 121 97
Verizon Communications -0.99
2:00 14249.34 13888.87 13650.82 13642.79 12733.80 Declines 127 207 157 152 185
Visa Cl A -11.90
Walgreens Boots Alliance -1.97 29000 2:30 14243.94 13851.49 13595.44 13588.05 12707.83 Unchanged 17 8 10 12 4
3:00 14200.50 13799.01 13615.24 13592.54 12723.38 New Highs 1 ... 2 ... ...
Walmart -3.65 March April May June July August September New Lows 2 10 15 12 33
3:30 14235.39 13728.05 13588.68 13462.64 12766.72
Blocks - primary 157 132 203 141 229
Close 14252.66 13712.34 13655.74 13510.73 12825.34
Total (000) - primary 13,692 13,022 15,996 13,499 76,579
High (t) 14356.68 14050.97 13771.96 13845.69 13036.79 Total (000) 229,640 203,173 273,237 182,499 311,908
Transportation Low (t)
High (a)
14084.68 13653.17 13369.67 13422.96
14303.53 14083.45 13696.71 13779.58
12539.91
13009.52 Nasdaq
17100 Low (a) 14105.51 13656.79 13392.67 13450.20 12656.67 Daily Sep 12 13 14 15 16
Week's Change +191.75 –540.32 –56.60 –145.01 –685.39 Issues Traded 4,877 4,852 4,878 4,871 4,835
Components Change Advances 2,928 993 2,217 1,947 1,413
16650 Theoretical (t): High 14356.68 Low 12539.91 Declines 1,647 3,635 2,348 2,614 3,154
Alaska Air Group -2.18 Actual (a): High 14303.53 Low 12656.67 Unchanged 302 224 313 310 268
American Airlines Group -0.44 16200 New Highs 57 37 38 24 26
Avis Budget Group -20.89 New Lows 95 210 271 266 477
CH Robinson Worldwide -10.50 Dow Jones 15 Utilities (divisor: 1.27924906167720) Blocks - primary 22,122 29,390 30,403 26,694 29,531
15750 Total (000) 4,146,687 5,188,381 4,861,535 4,805,915 7,451,844
CSX -3.14
Open (t) 1051.81 1051.59 1032.32 1035.01 1017.01
Delta Air -0.55 NYSE Arca Composite
15300 Open (a) 1051.36 1054.08 1032.80 1034.88 1015.51
Expeditors Intl of Wash -10.63 Daily Sep 12 13 14 15 16
10:00 1050.82 1053.06 1037.08 1025.34 1014.72
FedEx -48.05 Issues Traded 1,716 1,731 1,710 1,717 1,750
10:30 1054.57 1050.78 1044.23 1029.03 1019.08
JB Hunt Transport -7.59 14850 11:00 1060.13 1052.29 1047.51 1024.96 1016.52 Advances 1,422 135 1,083 231 322
JetBlue Airways -0.35 Declines 268 1,589 593 1,461 1,400
11:30 1061.43 1048.05 1045.75 1025.46 1016.99
Kirby Corp -2.87 14400 Unchanged 26 7 34 25 28
12:00 1059.94 1049.25 1044.37 1023.54 1016.12 New Highs 13 4 2 4 11
Landstar System -5.68
Matson -4.99 12:30 1057.77 1049.51 1042.24 1020.94 1012.98 New Lows 22 85 41 112 228
Norfolk Southern -15.87 13950 1:00 1057.84 1047.97 1044.20 1020.90 1011.98 Blocks - primary 1,055 1,321 1,054 1,083 1,229
Old Dominion Freight -14.76 1:30 1059.53 1049.28 1044.67 1023.75 1014.12 Total (000) - primary 237,349 346,046 245,593 274,357 309,035
13500 2:00 1058.56 1048.14 1043.26 1022.03 1015.31 Total (000) 1,360,179 1,820,895 1,418,405 1,594,946 1,797,560
Ryder System -6.17
Southwest Airlines -3.64 2:30 1060.15 1043.76 1040.09 1018.78 1013.13
3:00 1060.31 1039.90 1039.09 1021.78 1014.52
Union Pacific
United Airlines
-19.88
-1.78
13050
3:30
Close
1060.17 1035.97 1038.48
1061.77 1032.47 1041.56
1016.51
1015.98
1014.26
1012.86
Other Market Indexes
United Parcel Service B -21.98 Daily 9/12 9/13 9/14 9/15 9/16
12600 High (t) 1064.53 1055.89 1049.03 1036.60 1022.23
March April May June July August September Low (t) 1048.15 1027.63 1031.57 1012.75 1007.80 NYSE Amer Comp 4278.19 4273.42 4401.39 4301.02 4228.96
High (a) 1063.15 1054.44 1048.19 1034.88 1020.19 AmMajorMkt 2856.13 2754.65 2766.97 2738.36 2720.36

Utilities Low (a)

Change
1049.76 1027.68 1032.72
+11.44 –29.30 +9.09
1014.07
–25.58
1011.06
–3.12
BNY ADR Idx
Europe
136.55
127.69
132.01
123.77
132.33
123.85
131.10
122.82
130.03
122.14
Latin Am 191.29 184.29 185.00 181.92 180.08
1100 Asia 164.80 158.83 159.60 158.16 156.27
Week's Theoretical (t): High 1064.53 Low 1007.80
Change Actual (a): High 1063.15 Low 1011.06 Emerg M 286.52 276.07 277.26 273.75 269.13
Components
DJ US TSM Float41446.19 39678.06 39811.85 39386.52 39038.34
AES -1.51 Nasdaq Cmp 12266.41 11633.57 11719.68 11552.36 11448.40
American Elec Power -4.35 1050 100 Index 12739.72 12033.62 12134.40 11927.49 11861.38
Dow Jones 65 Composite (divisor: 0.77130165331605)
American Water Works -6.50 Indus. 9366.83 8936.28 9049.57 8969.66 8864.56
Open (t) 11090.90 10950.96 10746.16 10737.64 10455.99 Insur. 10811.99 10538.83 10574.80 10587.63 10472.16
Atmos Energy -4.08
Open (a) 11058.99 11028.74 10739.24 10733.17 10512.96 Banks 4348.61 4217.85 4223.49 4273.04 4233.12
Consolidated Edison -3.44
10:00 11155.20 10948.11 10732.47 10761.31 10392.09 Computer 9175.50 8628.31 8672.33 8478.91 8423.80
Dominion Energy -2.34
Duke Energy -3.77 1000 10:30 11169.82 10922.44 10663.39 10710.55 10453.33 Telecom 389.83 369.83 374.36 369.67 369.83
11:00 11158.84 10877.65 10748.00 10704.76 10424.90 NYSE Comp.-z 15352.18 14820.79 14843.21 14722.03 14573.91
Edison Intl -1.58 Financial-z 8965.19 8647.59 8632.07 8599.65 8526.57
Exelon -2.63 11:30 11171.51 10876.19 10735.89 10720.82 10423.42
12:00 11121.79 10867.68 10734.70 10672.77 10441.71 Health Care-z22743.06 22054.26 22016.96 22106.75 22009.71
FirstEnergy -0.31 Energy-z 12490.05 12181.34 12443.50 12135.34 11901.14
NextEra Energy -5.11 12:30 11129.78 10873.78 10732.80 10655.78 10395.38
950 1:00 11139.45 10878.04 10761.44 10686.68 10410.93
Russell 1000 2264.39 2167.18 2174.66 2150.87 2132.17
Public Svc Enterprise -1.64 2000 1906.09 1831.58 1838.46 1825.23 1798.19
Sempra -5.32 1:30 11158.54 10899.27 10761.64 10736.53 10397.55 3000 2384.91 2283.09 2291.01 2266.47 2245.92
Southern -2.27 2:00 11149.28 10868.72 10712.46 10710.19 10398.45 Value-v 1529.71 1473.25 1475.24 1464.79 1451.43
Xcel Energy -3.08 2:30 11127.97 10838.86 10713.97 10703.31 10425.67 Growth-v 2444.18 2325.05 2337.84 2303.47 2284.42
900 3:00 11134.02 10802.73 10706.67 10659.54 10438.20 MidCap 2870.72 2759.63 2760.26 2736.02 2697.24
3:30 11127.38 10758.91 10686.18 10613.12 10443.27 S&P 100 Index 1864.75 1778.94 1788.65 1766.80 1756.06
Close 11151.08 10736.91 10745.91 10638.68 10460.85 500 4110.41 3932.69 3946.01 3901.35 3873.33
High (t) 11225.23 11021.43 10838.28 10838.82 10553.61 Ind. 5708.28 5451.78 5478.73 5411.30 5377.04
Low (t) 11035.46 10697.97 10601.01 10571.19 10300.26 MidCap 2522.66 2429.26 2427.54 2412.83 2380.28
850 High (a) 11180.39 11028.74 10771.57 10778.79 10512.96 SmallCap 1208.97 1162.22 1161.99 1152.46 1144.98
March April May June July August September Low (a) 11058.99 10700.19 10659.79 10610.07 10372.26 Value Line(A) 8881.43 8527.13 8527.34 8459.15 8347.19
Value Line(G) 570.11 547.24 547.14 542.66 535.35
Change +104.78 –414.17 +9.00 –107.23 –177.83
DJ US Small TSM12943.87 12444.97 12480.61 12385.92 12194.99
Theoretical (t): High 11225.23 Low 10300.26 (A)-Arithmetic Index. (G)-Geometric Index.
Actual (a): High 11180.39 Low 10372.26 (v)-Value 1000 and Growth 1000. (y)-Dec. 31,1965=50. (z)-Dec. 31,2002=5000.
54 BARRON’S September 19, 2022

D ATA MARKET LABORATORY B A R R O N S .C O M / D ATA

The Week In Stocks For the Major Indexes

12-Month Weekly Friday Weekly 12-Month Change From
Indexes’ P/Es & Yields
DJ latest 52-week earnings and dividends adjusted by Dow Divisors
Stock Volume
at Friday's close. S&P Dec. 4-quarter's GAAP earnings as reported Last Week Prev. Week Year Ago YOY % Chg
High Low High Low Close Chg. % Chg. Chg. % Chg. 12/31 % Chg. and indicated dividends based on Friday close.S&P 500 P/E ratios
based on GAAP earnings as reported. For additional earnings NYSE(a) 7,123,994 3,424,962 6,853,270 3.95
Dow Jones Indexes series, please refer to www.spglobal.com. DJ latest available book 30 Dow Inds (b) 2,090,266 1,359,169 1,845,616 13.26
36799.65 29888.78 30 Indus 32381.34 30822.42 30822.42 –1329.29 –4.13 –3762.46 –10.88 –5515.88 –15.18 values for FY 2021 and 2020, and S&P latest for 2021 and 2020. r- 20 Dow Trans (b) 616,484 385,112 499,767 23.35
17039.38 12825.34 20 Transp 14252.66 12825.34 12825.34 –1235.57 –8.79 –1442.62 –10.11 –3652.92 –22.17 Revised data 15 Dow Utils (b) 307,207 202,709 282,151 8.88
1071.75 869.74 15 Utilities 1061.77 1012.86 1012.86 –37.47 –3.57 109.06 12.07 32.08 3.27 65 Dow Stks (b) 3,013,957 1,946,989 2,627,535 14.71
NYSE American (a) 132,788 60,696 225,670 -41.16
12360.33 10078.81 65 Comp 11151.08 10460.85 10460.85 –585.45 –5.30 –870.49 –7.68 –1806.00 –14.72 Last Week Prev. Week Last Year Nasdaq(d) 26,454,362 17,800,100 24,260,606 9.04
Dow Jones Indexes
48918.18 36759.60 US TSM Float 41446.19 39038.34 39038.34 –1967.87 –4.80 –6957.05 –15.13 –9595.97 –19.73 DJ Ind Avg 30822.42 32151.71 34584.88 NYSE 15 Most Active
1188.95 895.28 US Market 1008.71 950.02 950.02 –48.08 –4.82 –164.21 –14.74 –232.29 –19.65 P/E Ratio 18.31 19.10 23.46 Average Price 16.84 25.96 26.16 -35.63
Earns Yield % 5.46 5.24 4.26 % Tot Vol 12.26 14.06 13.66 -10.25
1137.37 555.93 Internet 664.63 616.93 616.93 –39.31 –5.99 –502.63 –44.90 –409.55 –39.90 Stock Offerings $(z,v) 5,769,600 r428,500 12,168,500 -52.59
New York Stock Exchange Earns $ 1683.15 1683.15 1474.40
Divs Yield % 2.19 2.09 1.78
17353.76 14097.05 Comp-z 15352.18 14573.91 14573.91 –616.88 –4.06 –1886.44 –11.46 –2590.22 –15.09 Daily Stock Volume 9/12 9/13 9/14 9/15 9/16
Divs $ 673.85 673.45 615.36
10670.71 8106.90 Financial-z 8965.19 8526.57 8526.57 –343.08 –3.87 –1422.28 –14.30 –1648.79 –16.20 NYSE(a) 830,185 930,602 994,354 984,816 3,384,037
Mkt to Book 4.14 4.32 5.29
24968.12 21119.06 Health Care-z 22743.06 22009.71 22009.71 –534.85 –2.37 –647.02 –2.86 –2335.94 –9.59 30 Inds (b) 339,249.0 428,926.7 348,669.4 345,502.8 627,918.3
Book Value $ 7439.45 7439.45 6543.35 20 Trans (b) 85,361.0 92,874.0 107,223.2 122,498.3 208,527.3
14030.84 7996.09 Energy-z 12490.05 11901.14 11901.14 –388.88 –3.16 3692.62 44.99 2754.95 30.12
DJ Trans Avg 12825.34 14060.91 14267.96 15 Utils (b) 41,415.3 46,043.9 44,829.5 60,133.2 114,785.0
NYSE American Stock Exchange
P/E Ratio 11.44 12.54 57.25 65 Stks (b) 466,025.3 567,844.6 500,722.1 528,134.3 951,230.6
4472.10 2944.59 NYSE Amer Comp 4401.39 4228.96 4228.96 –33.83 –0.79 1220.51 40.57 801.73 23.39 Earns Yield % 8.75 7.98 1.75 NYSE Amer(a) 13,692 13,022 15,996 13,499 76,579
3198.39 2645.07 Major Mkt 2856.13 2720.36 2720.36 -108.70 –3.84 –308.56 –10.19 –413.59 –13.20 Earns $ 1121.58 1121.58 249.23 Nasd(d) 4,146,687 5,188,381 4,861,535 4,805,915 7,451,844
Standard & Poor's Indexes Divs Yield % 1.44 1.31 1.14 NYSE 15 Most Active
2219.44 1671.23 100 Index 1864.75 1756.06 1756.06 –86.46 –4.69 –281.56 –13.82 –438.52 –19.98 Divs $ 184.86 184.86 162.19 Avg. Price 19.97 18.05 17.69 17.13 23.91
4796.56 3666.77 500 Index 4110.41 3873.33 3873.33 –194.03 –4.77 –559.66 –12.62 –892.85 –18.73 Mkt to Book 3.99 4.37 4.82 % Tot Vol 14.76 15.35 14.77 16.02 13.78
6735.36 5106.22 Indus 5708.28 5377.04 5377.04 –269.29 –4.77 –837.07 –13.47 –1312.27 –19.62 Book Value $ 3214.72 3214.72 2957.33 Numbers in thousands save price and percentages. (a) Primary volume. (b) Composite volume. (d) as of 4:10 pm.
2910.70 2200.75 MidCap 2522.66 2380.28 2380.28 –117.77 –4.71 –297.78 –11.12 –461.72 –16.25 DJ Utility Avg 1012.86 1050.33 903.80 (r) Revised. (v) W/E Thursday. (z) Source: Refinitiv.
1466.02 1087.48 SmallCap 1208.97 1144.98 1144.98 –48.71 –4.08 –186.37 –14.00 –256.73 –18.32 P/E Ratio 28.18 29.22 25.34
Nasdaq Stock Market Earns Yield % 3.55 3.42 3.95
16057.44 10646.10 Comp 12266.41 11448.40 11448.40 –663.90 –5.48 –3595.56 –23.90 –4196.57 –26.82 Earns $ 35.94 35.94 35.67
16573.34 11127.57
12147.21 7627.45
100 Index
Indus
12739.72
9366.83
11861.38
8864.56
11861.38
8864.56
–726.91
–371.50
–5.77
–4.02
–3472.09
–2227.03
–22.64
–20.08
–4458.70
–2448.32
–27.32
–21.64
Divs Yield %
Divs $
2.88
29.17
2.78
29.15
3.05
27.59
NYSE Half Hour Volume
11694.54 9622.71 Insur 10811.99 10472.16 10472.16 –253.26 –2.36 –344.08 –3.18 –944.24 –8.27 Mkt to Book 2.33 2.41 2.30 Daily 9/12 9/13 9/14 9/15 9/16
5408.36 3886.15 Banks 4348.61 4217.85 4233.12 –83.44 –1.93 –228.11 –5.11 –721.55 –14.56 Book Value $ 435.47 435.47 392.45
12408.55 8207.01 Computer 9175.50 8423.80 8423.80 –618.01 –6.84 –2688.73 –24.20 –3731.73 –30.70 S&P 500 Index 3873.33 4067.36 4432.99 9:30-10:00 111,543 117,083 98,952 104,986 337,250
527.15 369.67 Telecom 389.83 369.67 369.83 –17.64 –4.55 –157.32 –29.84 –126.97 –25.56 P/E Ratio 19.57 20.55 34.58 10:00-10:30 45,907 50,461 50,779 51,014 52,296
Russell Indexes Earns Yield % 5.11 4.87 2.89 10:30-11:00 41,815 42,787 47,050 49,225 43,645
2660.78 2009.94 1000 2264.39 2132.17 2132.17 –108.31 –4.83 –358.07 –14.38 –513.74 –19.42 Earns $ 197.91 197.91 128.20
11:00-11:30 33,444 34,856 37,068 41,525 38,228
2442.74 1649.84 2000 1906.09 1798.19 1798.19 –84.66 –4.50 –438.68 –19.61 –447.12 –19.91 Divs Yield % 1.73 1.65 1.37
Divs $ 67.01 67.11 60.73 11:30-12:00 29,493 29,387 30,257 32,533 32,215
2804.93 2113.70 3000 2384.91 2245.92 2245.92 –113.58 –4.81 –387.56 –14.72 –542.22 –19.45
1680.11 1389.97 Value-v 1529.71 1451.43 1451.43 –64.65 –4.26 –115.52 –7.37 –204.30 –12.34 Mkt to Book 3.84 4.03 4.78 12:00-12:30 27,946 27,247 29,951 30,751 30,748
3114.73 2110.82 Growth-v 2444.18 2284.42 2284.42 –130.08 –5.39 –595.36 –20.67 –790.57 –25.71 Book Value $ 1008.02 1008.02 927.52 12:30-1:00 24,169 24,936 29,389 25,341 29,265
3406.42 2508.30 MidCap 2870.72 2697.24 2697.24 –145.28 –5.11 –511.74 –15.95 –622.80 –18.76 S&P Ind Index 5377.04 5646.33 6214.11
1:00-1:30 24,177 28,323 27,777 36,567 26,798
Others P/E Ratio 21.88 22.97 41.54
Earns Yield % 4.57 4.35 2.41 1:30-2:00 22,070 27,812 32,752 26,973 29,589
10202.83 7811.99 Value Line-a 8881.43 8347.19 8347.19 –432.35 –4.92 –1155.66 –12.16 –1573.74 –15.86
Earns $ 245.77 245.77 149.59 2:00-2:30 27,695 28,999 31,079 29,795 38,223
696.40 510.18 Value Line-g 570.11 535.35 535.35 –28.29 –5.02 –118.68 –18.15 –136.59 –20.33
16368.58 11225.29 DJ US Small TSM 12943.87 12194.99 12194.99 –596.68 –4.66 –2923.90 –19.34 –3059.06 –20.05 Divs Yield % 1.56 1.48 1.22 2:30-3:00 24,563 33,052 30,716 32,668 38,100
1096.30 769.43 Barron's Future Focus 876.05 824.90 824.90 –43.79 –5.04 –221.28 –21.15 –235.97 –22.24 Divs $ 83.88 83.57 75.81 3:00-3:30 31,149 41,701 41,755 45,807 49,716
Mkt to Book 5.16 5.42 6.63
1127.20 852.16 Barron's 400 947.44 893.95 893.95 –45.03 –4.80 –126.97 –12.44 –212.31 –19.19 3:30-4:00 386,216 443,959 506,831 477,630 2,637,963
Book Value $ 1042.07 1042.07 936.72
High/Low's are based upon the daily closing index. a-Arithmetic Index. G-Geometric Index. V-Value 1000 and Growth 1000 y-Dec. 31,1965=50 z-Dec. 31,2002=5000

Selected IPOs
U.S. Dollar Index vs Euro and Yen Per Share Values of Stocks Ticker Initial Offer Price IPO Date Recent Price %Chg
Nexalin Technology NXL 4.15 9/16 2.25 -45.8%
Greener: The U.S. dollar gained on expectations for a rate hike at next week’s Fed meeting. The British
pound hit $1.14—its lowest level against the dollar since 1985. Japan’s central bank considered intervention, In the Dow Jones Averages Corebridge Financial
Third Harmonic Bio
CRBG
THRD
21.00
17.00
9/15
9/15
20.72
18.00
-1.3%
5.9%
after the yen neared 24-year lows. The ICE U.S. Dollar Index rose 0.6% on the week, to end at 109.64. This is a list of the Dow Jones trailing 52-week diluted share LINKBANCORP LNKB 7.50 9/14 7.50 0.0%
earnings, dividends and book values as reported by the company. Wearable Devices WLDS 4.25 9/13 2.34 -44.9%
20 Bolded numbers indicate new values. Sources Barron's Stats and
FactSet.
15 Industrial Stocks
s
10 Book Book
DXY (109.64) Earns Divs. Value Earns Divs. Value
5 Am Exp 9.75 1.90 29.14 Johnson&John 6.87 4.38 28.16
Investor Sentiment Readings New Listings
Amgen 11.80 7.44 12.00 JPMorgChase 12.46 4.00 88.07
0 Apple 6.06 0.90 3.84 McDonalds 9.47 5.52 (6.17)
NYSE
High bullish readings in the Consensus stock index or in the Market
EURO in $ Boeing (9.27) Suspended (25.47) Merck Co 5.59 2.76 15.11 Vane stock index usually are signs of Market tops; low ones, market Corebridge Financial (CRBG)
-5 Caterpillar 12.50 4.53 30.76 Microsoft 9.64 2.48 22.31 bottoms.
Permian Resources (PR)
s Last Week 2 Weeks Ago 3 Weeks Ago
Chevron Corp 12.78 5.60 72.06 Nike Inc 3.76 1.22 9.73
-10 Cisco Sys 2.82 1.50 9.79 Proc Gam 5.81 3.5662 19.11
Nasdaq
Consensus Index
s Coca Cola 2.21 1.74 5.32 3M Co 7.16 5.95 26.31 LINKBANCORP (LNKB)
-15 Disney Walt 1.72 0.00 48.71 Salesforce.com 0.54 0.00 58.78 Consensus Bullish Sentiment 40% 41% 44% Third Harmonic Bio (THRD)
YEN in $ Dow 8.92 2.80 24.71 Travelers Cos 14.41 3.62 119.76
-20 AAII Index
Wearable Devices (WLDS)
Goldman Sachs 44.23 8.50 297.50 UnitedHealthGrp 19.15 6.20 76.26
-25 Home Depot 16.27 7.35 (1.64) Verizon 4.99 2.56 19.48

O N D J F M A M J J A S
Honeywell
IBM
7.53
6.16
3.92 27.12
6.58 21.05
Visa 6.78 1.50 16.32
Walgreens 6.20 1.9125 27.06
Bullish
Bearish
26.1%
46.0
18.1%
53.3
21.9%
50.4
Trading
Source: Tullett Prebon Intel 6.02 1.4425 23.44 Wal-mart 5.01 2.23 30.15 Neutral 27.9 28.7 27.7 Suspended
Transportation Stocks Market Vane NYSE
CatchMark Timber Trust (CTT)
Bullish Consensus 37% 36% 35% Nasdaq
AlaskaAirGroup 1.62 Suspended 30.19 Kirby Corp (3.84) Nil 48.02

Yearly High/Lows Gold Prices 144 Filings AmericanAirlines

AvisBudgetGrp
(3.03) Suspended (11.33)
42.50 Nil (3.93)
Landstar Sys
Matson Inc
11.96
33.55
1.05 22.87
1.21 40.67
TIM Group Market Sentiment ALJ Regional (ALJJ)
Hemisphere Media (HMTV)
Mandiant (MNDT)
C.H. Robinson 7.11 2.20 15.65 Norf Southern 12.56 4.81 56.80 Indicator 45.5% 51.0% 43.6% ManTech (MANT)
The yearly Gold price; with a high/low range based on the daily close. SEC Form 144 must be filed by holders of restricted securities (also called letter stock) who intend to
CSX Corp 1.78 0.393 6.13 Old Dominion 9.79 1.10 32.00 Permian Resources (PR)
sell shares. Shares Indicated: the number to be sold. Sales Date: the approximate date of the sale. Sources: Consensus Inc.; American Association of
Year High Date Low Date (Sometimes shares aren't sold, even though their owner has filed a Form144.) Source: Thomson Delta Air Lines 0.92 Suspended 6.07 Ryder Sys 13.97 2.36 52.02 USA Truck (USAK)
Individual Investors; Market Vane; TIM Group
Reuters Expeditors Int'l 9.07 1.16 20.90 Southwest Air 0.94 Nil 17.59
2022
2021
2020
2039.05
1943.20
2067.15
Mar.
Jan.
Aug.
08
04
06
1664.65
1683.95
1474.25
Sept
Mar.
Mar.
16
30
19
Shares Sale
Title
FedEx
Hunt (JB)
14.30 3.80 95.98
8.87 1.50 29.67
Un Pacific
UPS
10.73
12.45
4.96 22.17
5.58 16.38 Name
Company Sym Indicated $ Value Date Seller JetBlue Air (0.58) Nil 12.03 United Airlines (3.79) Nil 15.53
Arms Index Changes
Coming U.S. Auctions Archer-Daniels-Midland
Liberty Energy
ADM 284,531 25,948,913
LBRT 249,600 3,744,000
9/9/22
9/6/22
Luciano, Juan
Wright, ChristopherCEO
CEO
Utility Stocks The Arms index, also known as the short term trading index, NYSE
is a number derived by dividing one quotient into another None
Yields (%) Fluence Energy FLNC 146,000 2,765,240 9/2/22 Fehr, Dennis CFO quotient. The numerator in the index is the number of
AES Corp. (0.58) 0.6245 2.96 Exelon 2.71 1.395 35.13 advancing stocks divided by the number of declining stocks. NYSE American
Monday When Issued* Last Auction Avnet AVT 139,784 5,970,175 9/2/22 Lawrence, James D As of 3/14/11, the denominator in the index is now the
Am Elec 5.09 3.12 44.49 FirstEnergy 2.46 1.56 15.21 composite volume of advancing stocks divided by the None
$54.0 bil 3-month 3.090 3.075 New Relic NEWR 138,000 8,170,980 9/7/22 Cirne, Lewis AF composite volume of declining stocks.
AmericanWaterWorks 7.09 2.515 40.18 NextEra Energy 1.31 1.66 18.95 Nasdaq
$42.0 bil 6-month 3.673 3.465 Boston Scientific BSX 125,828 5,094,313 9/6/22 Mahoney, Michael UT Atmos Energy 5.52 2.72 59.71 Xcel Energy 2.99 1.92 28.70 Daily 9/12 9/13 9/14 9/15 9/16 Invivyd (IVVD), formerly
Tuesday Tempur Sealy International TPX 100,000 2,700,000 9/7/22 Montgomery, David O Con Ed 4.57 3.145 56.60 Pub Sv Ent (0.62) 2.13 28.65 Adagio Therapeutics (ADGI)
Livent LTHM 85,171 2,980,985 9/9/22 Graves, Paul CEO DominionEnergy 2.67 2.6325 31.51 Sempra Energy 3.57 4.49 79.17 Lisata Therapeutics (LSTA),
$12.0 bil 20-year 3.479 3.380 NYSE .48 2.48 .98 .74 1.63
Duke Energy 4.94 3.96 61.55 Southn Co. 2.16 2.68 25.36 formerly Caladrius Bio (CLBS)
Enphase Energy ENPH 82,835 24,934,670 9/9/22 Kothandaraman,Badrinarayanan UT NYSE American .79 1.82 .37 1.76 .55 Nauticus Robotics (KITT),
* As of Friday afternoon. Edison Int'l 1.54 2.7625 36.57
Fidelity National Information Services FIS 80,000 7,271,318 9/9/22 Norcross, Gary CEO Nasdaq .67 .99 .55 1.11 1.54 formerly CleanTech (CLAQ)
September 19, 2022 BARRON’S 55

D ATA MARKET LABORATORY B A R R O N S .C O M / D ATA

Dow Jones U.S. Total Market Industry Groups CBOE Put / Call Ratio Foreign Exchange
Foreign
Currency
Foreign
Currency
U.S. $ in
Foreign
U.S. $ in
Foreign

Net Change % Change and Ranking 52 Week

vs. S&P 100 Country
in U.S.$
Fri.
in U.S.$
Last Fri.
Currency
Fri.
Currency
Last Fri.
Top 20 Weekly Ranked IG-Sym Close Wkly YTD Week Rank Yr Ago Rank YTD Rank 3 Yr High Low Readings in the CBOE equity put-call ratio of 60:100 and in the Argentina (Peso)-y .0070 .0071 143.5201 141.3660
S&P 100 of 125:100 are considered bullish, for instance. Bearish Australia (Dollar) .6719 .6844 1.4883 1.4611
Recreational Svcs DJUSRQ 70.09 + 1.73 –29.57 +2.52 [1] –30.01 [122] –29.67 [120] –21.43 118.47 56.12 signals flash when the equity put-call level reaches the vicinity of Bahrain (Dinar) 2.6525 2.6525 .3770 .3770
Diversified REITs DJUSDT 70.89 + 1.69 –.86 +2.45 [2] +3.23 [29] –1.19 [21] –6.17 72.62 62.27 30:100 and the index ratio hits 75:100. Brazil (Real) .1903 .1943 5.2535 5.1478
Automobiles DJUSAU 1079.88 + 10.01 –231.14 +.94 [3] +13.03 [11] –17.63 [66] +80.95 1,491.73 769.12 Bulgaria (Lev) .5107 .5133 1.9581 1.9481
Canada (Dollar) .7540 .7674 1.3262 1.3031
Automobiles & Parts DJUSAP 1214.75 + 7.56 –278.30 +.63 [4] +8.76 [19] –18.64 [73] +59.78 1,683.79 881.74 S&P 100 CBOE Chile (Peso) .001084 .001104 922.37 905.48
Travel & Tourism DJUSTT 617.82 + 3.41 –200.44 +.56 [5] –22.21 [101] –24.50 [96] –5.81 920.55 468.89 China (Renminbi) .1432 .1444 6.9838 6.9265
Exploration & Production DJUSOS 997.75 + 2.91 328.51 +.29 [6] +72.92 [1] +49.09 [3] +19.30 1,136.46 548.64 7.90 0.85 Colombia (Peso) .0002255 .0002297 4435.20 4353.00
Travel & Leisure DJUSCG 1207.58 – 1.03 –258.62 –.09 [7] –15.32 [71] –17.64 [67] –2.81 1,551.37 1,021.84 Croatia (Kuna) .1330938 .1335345 7.51 7.49
Pipelines DJUSPL 693.18 – .90 95.78 –.13 [8] +17.84 [7] +16.03 [6] +.45 762.34 562.56 Czech. Rep. (Koruna) …… .. …… .. …… .. …… ..
Oil & Gas Producers DJUSOG 802.12 – 2.35 266.59 –.29 [9] +71.21 [2] +49.78 [2] +13.77 898.63 446.54 Commercial rate .04084 .04090 24.486 24.453
Gambling DJUSCA 521.71 – 1.58 –187.46 –.30 [10] –36.18 [132] –26.43 [105] –13.18 864.14 420.78 6.45 0.75 Denmark (Krone) .1347 .1351 7.4249 7.4042
Hotels DJUSLG 2557.80 – 9.11 –339.85 –.35 [11] +3.02 [30] –11.73 [46] +7.31 3,024.19 2,146.14 EcuadorUS Dollar 1.0000 1.0000 1.0000 1.0000
Egypt (Pound)-y .0515 .0517 19.4195 19.3310
Restaurants & Bars DJUSRU 2358.59 – 11.02 –327.00 –.46 [12] –7.29 [47] –12.18 [47] +5.69 2,685.59 2,020.05 Hong Kong (Dollar) .1274 .1274 7.8495 7.8492
Oil Equip, Svcs & Distri DJUSOQ 334.40 – 1.61 55.32 –.48 [13] +21.63 [6] +19.82 [5] –.32 405.59 258.82
Hotel & Lodging REITs DJUSHL 94.07 – .57 3.84 –.60 [14] +9.61 [17] +4.26 [11] –5.54 110.21 79.70
5.00 0.65 Hungary (Forint) .002476 .002532 403.85 395.02
Iceland (Krona) .007165 .007139 139.56 140.08
Airlines DJUSAR 151.61 – 1.23 –28.96 –.80 [15] –20.96 [95] –16.04 [57] –17.66 217.11 136.54 India (Rupee) .01255 .01255 79.696 79.670
Integrated Oil & Gas DJUSOL 698.24 – 5.62 234.13 –.80 [16] +69.74 [3] +50.45 [1] +9.62 774.93 392.80 Indonesia (Rupiah) .0000669 .0000674 14953 14830
Oil Equipment & Svcs DJUSOI 226.67 – 1.94 44.53 –.85 [17] +26.22 [5] +24.45 [4] –.78 304.14 165.88 3.55 0.55 Israel (Shekel) .2918 .2933 3.4268 3.4095
Property & Casualty DJUSIP 1167.20 – 10.97 52.59 –.93 [18] +10.04 [16] +4.72 [10] +8.02 1,252.23 1,029.56 Japan (Yen) .006996 .007014 142.93 142.58
Kazakhstan (Tenge) .002102 .002115 475.66 472.86
Health Care Providers DJUSHP 3254.22 – 31.10 –5.46 –.95 [19] +13.59 [10] –.17 [19] +20.99 3,455.10 2,711.82
Kuwait (Dinar) 3.2360 3.2419 .3090 .3085
Pharmaceuticals DJUSPR 761.47 – 11.29 –37.80 –1.46 [20] +5.79 [23] –4.73 [30] +11.14 838.15 700.21 Macau (Pataca) .1236 .1236 8.0890 8.0885
2.10 0.45 Malaysia (Ringgit)-b .2205 .2223 4.5355 4.4980
Net Change % Change and Ranking 52 Week Mexico (Peso) …… .. …… .. …… .. …… ..
Top 20 Yr Ago Ranked IG-Sym Close Wkly YTD Week Rank Yr Ago Rank YTD Rank 3 Yr High Low Floating rate .0499 .0503 20.0372 19.8854
New Zealand (Dollar) .5994 .6107 1.6683 1.6375
Exploration & Production DJUSOS 997.75 + 2.91 328.51 +.29 [6] +72.92 [1] +49.09 [3] +19.30 1,136.46 548.64 0.65 0.35 Norway (Krone) .0981 .1008 10.1964 9.9240
Oil & Gas Producers DJUSOG 802.12 – 2.35 266.59 –.29 [9] +71.21 [2] +49.78 [2] +13.77 898.63 446.54 SO N D J F M A M J J A S Oman (Rial) 2.5974 2.5970 .3850 .3851
Integrated Oil & Gas DJUSOL 698.24 – 5.62 234.13 –.80 [16] +69.74 [3] +50.45 [1] +9.62 774.93 392.80 Pakistan (Rupee) .00418 .00435 239.125 229.875
Marine Transportation DJUSMT 220.22 – 6.27 25.18 –2.77 [40] +26.23 [4] +12.91 [8] –6.81 245.86 157.43 Source: CBOE Philippines (Peso) .01744 .01760 57.347 56.820
Oil Equipment & Svcs DJUSOI 226.67 – 1.94 44.53 –.85 [17] +26.22 [5] +24.45 [4] –.78 304.14 165.88 Poland (Zloty) .2122 .2139 4.7134 4.6748
Qatar (Rial) .2735 .2747 3.6561 3.6407
Oil Equip, Svcs & Distri DJUSOQ 334.40 – 1.61 55.32 –.48 [13] +21.63 [6] +19.82 [5] –.32 405.59 258.82 Russia (Ruble)-a .01653 .01626 60.500 61.500
Pipelines
Gas Distribution
DJUSPL
DJUSGU
693.18
312.21
– .90
– 9.73
95.78
10.63
–.13
–3.02
[8]
[45]
+17.84
+16.41
[7]
[8]
+16.03
+3.52
[6]
[13]
+.45
–1.64
762.34
341.25
562.56
262.00 Coming Earnings Saudi Arabia (Riyal)
Singapore (Dollar)
.2661
.7112
.2661
.7147
3.7580
1.4060
3.7576
1.3991
Defense DJUSDN 551.74 – 10.61 66.48 –1.89 [26] +16.38 [9] +13.70 [7] +3.16 599.78 449.65 South Africa (Rand) .0568 .0578 17.6095 17.3052
Health Care Providers DJUSHP 3254.22 – 31.10 –5.46 –.95 [19] +13.59 [10] –.17 [19] +20.99 3,455.10 2,711.82 Day Consensus Year South Korea (Won) .0007214 .0007246 1386.15 1380.06
Automobiles DJUSAU 1079.88 + 10.01 –231.14 +.94 [3] +13.03 [11] –17.63 [66] +80.95 1,491.73 769.12 Estimate Ago Sri Lanka (Rupee) .0027 .0028 365.3800 360.0000
Heavy Construction DJUSHV 857.54 – 31.47 34.32 –3.54 [64] +11.45 [12] +4.17 [12] +24.11 903.00 701.03 Sweden (Krona) .0931 .0941 10.7410 10.6235
Switzerland (Franc) 1.0366 1.0416 .9647 .9601
Multiutilities DJUSMU 259.92 – 8.50 20.48 –3.17 [48] +11.35 [13] +8.56 [9] +4.56 274.00 218.90
Continued from page 13 Taiwan (Dollar) .03195 .03240 31.295 30.864
Electricity DJUSEU 351.54 – 11.98 11.57 –3.30 [53] +10.60 [14] +3.40 [14] +5.89 367.22 299.37 Thailand (Baht) .02716 .02748 36.820 36.390
Conventional Electricity DJUSVE 351.95 – 11.99 11.56 –3.30 [54] +10.60 [15] +3.40 [15] +5.88 367.66 299.74 Turkey (New Lira)-d .0548 .0548 18.2555 18.2345
Property & Casualty DJUSIP 1167.20 – 10.97 52.59 –.93 [18] +10.04 [16] +4.72 [10] +8.02 1,252.23 1,029.56 W Ukraine (Hryvnia) .0271 .0271 36.8500 36.8500
Hotel & Lodging REITs DJUSHL 94.07 – .57 3.84 –.60 [14] +9.61 [17] +4.26 [11] –5.54 110.21 79.70 KB Home (Q3) 2.66 1.60 U.K. (Pound) 1.1423 1.1588 .8754 .8630
Food Retailers & Whlslrs DJUSFD 811.75 – 53.24 –67.91 –6.16 [122] +9.29 [18] –7.72 [36] +17.01 962.72 705.63 Uruguay (Peso) …… .. …… .. …… .. …… ..
Lennar (Q3) 4.86 4.52 Financial .02441 .02451 40.965 40.795
Automobiles & Parts DJUSAP 1214.75 + 7.56 –278.30 +.63 [4] +8.76 [19] –18.64 [73] +59.78 1,683.79 881.74
Euro 1.0015 1.0046 .9985 .9954
Waste & Disposal Svcs DJUSPC 484.98 – 7.93 4.75 –1.61 [21] +8.33 [20] +.99 [16] +14.99 497.83 399.04
TH Special Drawing Rights (SDR) are based on exchange rates for the U.S.,
British, and Japanese currencies. Source: International Monetary Fund.
Groups are weighted by capitalization. 52-week highs and lows are based on daily closes. Dec. 31, 1991=100. In the U.S. listings, % vol chg column shows the change from previous 65-day moving a-Russian Central Bank rate. b-government rate. d-rebased as of Jan. 1,
Costco Wholesale (Q4) 4.17 3.90
average. Volume figures do not reflect extended trading hours. 2005. y-floating rate.
Darden Restaurants (Q1) 1.56 1.76
FactSet Reasearch (Q4) 3.21 2.88
FedEx (Q1) 5.17 4.37 Money Rates
(Earnings are diluted and report dates are tentative. All fore-
Delta Market Pulse of the Economy
casts and historical numbers exclude extraordinary items by
accounting definitions.)
Latest Week Prev. Week Yr Ago

Discount Rate (NY) 2.50 2.50 0.25

Sentiment Only includes new reports. Latest Latest Preceding Year YroYr Latest Latest Preceding Year YroYr
Source: FactSet
Prime Rate (base) 5.50 5.50 3.25
Economic Growth and Investment Date Data Period Ago % Chg Date Data Period Ago % Chg
Indicator Fed Funds Rate

The Delta MSI measures the

Durable manufacturing (NAICS) a,
Capacity utilization %
Aug
Aug
103.6
80.0
r103.6
r80.2
100.2
76.2
3.39
4.99
Gasoline, (thous. bbls)
Inventory–to–sales ratio (Business)
Sept 9 213,040 214,808 218,142 –2.34
July 1.32 1.30 1.26 4.76 Conference Call Calendar Avg effective offer
Avg weekly auction-c
2.33
2.33
2.33
2.33
0.08
0.08
position of a representative set Industrial output a, Aug 104.5 r104.7 101.3 3.16 Orders
of stocks relative to an Earnings- T-Bills Rate
Manufacturing (NAICS) a, Aug 102.7 r102.6 100.2 2.50 No Activity for this Week Related
intermediate-term moving
average crossover (MAC) point. Nondurable manufacturing (NAICS) a Aug 101.7 101.5 98.7 3.04 Company Date Time Period 13 weeks, Coupon Yield 3.142 3.029 0.041
Trade
When greater than 50% of the 13 weeks, Auction Rate 3.075 2.965 0.040
stocks followed are above this Production No Activity for this Week Accenture PLC September 22 8:00AM Q4 26 weeks, Coupon Yield 3.576 3.424 0.051
MAC point, the market is Darden Restaurants September 22 8:30AM Q1 26 weeks, Auction Rate 3.465 3.320 0.050
bullish. When the indicator is Electric power, (mil. kw hrs) (EEI) Sept 10 83,200 88,595 80,448 3.42 Inflation Factset Research Systems September 22 11:00AM Q4 Avg weekly auction-c 2.97 2.87 0.05
below 50%, risk is elevated and Mining (NAICS) a, Aug 116.6 r116.6 106.5 9.48 General Mills September 21 9:00AM Q1 Broker Call Rate 4.25 4.25 2.00
stock exposures should be JOC–ECRI Industrial Price Index f Sept 16 130.60 131.68 141.80 –7.90
reduced. Manager uses Petroleum, related capacity, % Sept 9 91.5 90.9 82.1 11.45 Source: CCBN, www.ccbn.com Bankers Acceptances
Consumer price index b (unadjusted) Aug 296.2 296.3 273.6 8.26
discretion on asset allocation Rotary rigs running, U.S. & Can., (Hughes) Sept 16 974 964 666 46.25 Producer price index (finished goods) c Aug 252.0 r255.1 223.2 12.90
when MSI is at 50% +/- 3%. Steel, (thous. tons) Sept 10 1,723 1,715 1,882 –8.45 1 month 2.55 2.55 0.12
Rate of inflation, % (annual, unadjusted) Aug 8.3 8.5 5.3 56.60 2 months 2.75 2.75 0.13
Steel, rated capacity, % (AISI) Sept 10 78.2 77.8 85.3 –8.32
Barron’s 50-Stock Average
Bullish
3 months 3.00 3.00 0.15
Utilities a Aug 103.6 r106.1 105.8 –2.08 Employment 6 months 3.70 3.70 0.20

Consumption and Distribution Initial jobless claims (thous.) Sept 10 213 r218 363 –41.32 Libor Interbank Rate
Continuing claims (mil.) Sept 3 1.403 r1.401 2.628 –46.61
Current Sentiment Business sales, (mil. $) July 1,839.52 r1,856.57 1,634.91 12.52 This index is a weighted average of 50 leading issues. Useful in secu- 1 month 3.01 2.77 0.08
Small Business Optimism Index Aug 91.8 89.9 100.1 –8.29 rity valuation. Source: Barron's Stats 3 months 3.57 3.25 0.12
Instinet Research Redbook Avg. (monthly %) Sept 10 –0.50 –1.10 10.00 ….

56.7%
6 months 4.12 3.81 0.15
Construction Sep 15 Sep 8 Sept Yr-to-Yr
Baltic Dry Index Sept 16 1,553 1,213 4,275 –63.67 12 months 4.67 4.19 0.22
Retail store sales, (bil. $) Aug 683.3 r681.3 626.0 9.15 No Activity for this Week 2022 2022 2021 % Chg
Foreign Prime Rates
Other Indicators S&P 500 Index 3901.35 4006.18 4488.24 –13.08
Last Week Inventories Canada 5.45 4.70 2.45
Barron’s 50 Index 10766.63 11122.97 10851 –0.78
Business inventories, (bil. $) July 2,434.32 r2,420.09 2,056.14 18.39 Citi Research Panic–Euphoria Reading Sept 16 –0.14 –0.16 0.67 …. Germany 1.25 0.50 0.00

48.1%
a-1997 equals 100. b-1982-84 equals 100. c-1982 equals 100. f-1996 equals 100. h- Projected quarterly earn 178.65 178.65 137.58 29.85 Japan 1.475 1.475 1.475
Domestic crude oil, (thous. bbls) Comm. (Excl. Lease Stck) Sept 9 429,633 427,191 417,445 2.92 benchmark revision, 2016 equals 100. r-Revised. Switzerland 0.25 0.25 0.00
Annualized projected earn 714.58 714.58 550.32 29.85 Britain 1.75 1.75 0.10
Annualized projected P/E 15.07 15.57 19.7 –23.59
Other Money Rates
2 Weeks ago Five-year average earn 431.53 431.53 391.95 10.10 Fannie Mae Home Loan:
30-Year Fixed Conv 5.69 5.34 2.40
American Debt and Deficits Adjustable Mortgage Rates Five-year average P/E 24.95 25.78 27.7 –9.92

61.6%
Bank money market-z 0.13 0.13 0.07
Year-end earn 601.37 601.37 363.95 65.23 Interest Checking-z 0.04 0.04 0.03
Latest Preceding Year Ago Yr over Yr 6-Month Certif-z 0.46 0.42 0.10
Sep 16 Sep 9 Yr. Ago YOY % Chg Year-end P/E 17.90 18.50 30.0 –40.22 12-Month Certif-z 0.76 0.65 0.15
Report Report Report % Chg
3 Weeks ago 1 Year Treas Bills 3.62 3.48 0.08 4425.00 Year-end earns yield, % 5.59 5.41 3.4 66.29 30 Month Accounts-z 0.69 0.68 0.16
Federal Budget Deficit (bil. $)-a 1,359FY'24 1,372FY'23 1,837FY'22 …. 2 Year Treas Notes 3.50 3.45 0.23 1421.74 5-Year Certificates-z 0.83 0.74 0.28
Best grade bond yields, % 4.23 3.90 1.44 192.94
Current Market Exposure: Budget Surplus/Deficit (bil. $)-b, August –219.60 –211.05 –170.64 28.69 3 Year Treas Notes 3.55 3.47 0.44 706.82 U.S. Savings EE Bonds:
100% Equities, 0% Bonds, 0% Trade Deficit (bil. $, sa)-c, July –70.65 r-80.88 –69.38 1.83 5 Year Treas Notes 3.41 3.31 0.81 320.99 Bond yields/stock ylds, % 0.76 0.72 0.43 75.35
Cash Treasury Gross Public Debt. (bil. $)-d 30,885.8 30,897.9 28,427.2 8.65 10 Year Treas Notes 3.31 3.17 1.35 145.19
Actual year-end divs 233.56 233.05 218.34 6.97 Long-Term (5yrs+) 0.10 0.10 0.10
Treasury Statutory Debt Limit (bil. $)-d 31,381.5 31,381.5 …. …. 20 Year Treas Bds 3.70 3.55 1.87 97.86
Source: Delta Investment Consumer Installment Debt (bil. $)-e, July 4,644.1 r4,620.3 4,332.4 7.19
Management 11th District % Jul Discontinued .... 0.263 .... Actual yr-end divs yld, % 2.17 2.10 2.01 7.77 c-Annualized yields, adjusted for constant maturity, reported by the Federal
FHFA PMMS+ 5.22 5.22 2.95 76.95 Reserve on a weekly average basis. Sources: Tullett Prebon information, Ltd.
www.deltaim.com, (415) Sources: a-Office of Management and Budget, b-Monthly Treasury Statement, c-Monthly Commerce Dept. Factset. z-Bankrate.com.
249-6337 Report, d-Daily Treasury Statement, e-Monthly Federal Reserve Release. Fed annualized yields adjusted for constant maturity.
56 BARRON’S September 19, 2022

D ATA MARKET LABORATORY B A R R ON S .C OM / D ATA

Barron’s Gold Mining Index Weekly Bond Statistics Dividend Payment Boosts Top 5 Insider Purchases by
12-Month Year Week %
High Low
1228.34 691.27 Gold mining
9/15
721.21
9/8
736.82
Ago
927.83
Chg.
–2.12
New Offerings, (mil $) (v) Last Week Prev. Week Yr Ago Adjusted % Record Ex-Div Payment Company in 2022
Corporate (z) 12,830 r56,699 40,256 Company Name-Ticker Symbol (Exchange) Yield Period To From Increase Date Date Date Number of Number of Avg.
Company Sym Insiders Shares $ Value Price
Municipal (z) 5,067 r7,029 12,959
APA-APA (Nasdaq) 2.5 Q .25 .125 100.0 % 10-21 10-20 11-22 Rocket Companies RKT 19 976,200 8,163,904 $8.36
Best Grade Bonds-y
Gold & Silver Prices (Barron's index of 10 high-grade corporate bonds.)
Apollo Sr Fltg Rate Fd-AFT (NYSE)
Apollo Tactical Incm Fd-AIF (NYSE)
8.0
8.6
M
M
.102
.11
.092
.097
10.9
13.4
9-22
9-22
9-21
9-21
9-30
9-30
B Riley Financial
Simon Property
RILY
SPG
18 430,878 22,678,927
18 5,276 592,529
$52.63
$112.31
4.23 3.90 1.44 York Water YORW 16 1,093 45,694 $41.79
Handy & Harman 9/16 9/9 Year Ago Blackstone LongShrt Cred-BGX (NYSE) 8.2 M .085 .079 7.6 9-23 9-22 9-30 Modiv MDV 15 20,421 361,266 $17.69
Gold, troy ounce 1664.65 1713.40 1755.95 Interm-Grade Bonds-y Blackstone Sr FR Term Fd-BSL (NYSE) 6.9 M .082 .074 10.8 9-23 9-22 9-30
Silver, troy ounce 19.37 18.78 22.50
(Barron's index of 10 medium-grade corporate bonds.) Blackstone Strat Credit-BGB (NYSE) 7.3 M .077 .067 14.9 9-23 9-22 9-30 Top 5 Insider Sales by Company in 2022
Base for pricing gold and silver contents of shipments and for making 5.03 4.92 2.51
refining settlement. Evolution Petroleum-EPM (NYSE AMER ) 4.9 Q .12 .10 20.0 9-21 9-20 9-30 Moderna MRNA 46 1,462,896226,392,003 $154.76
Fifth Third Bancorp-FITB (Nasdaq) 3.8 Q .33 .30 10.0 9-30 9-29 10-17 Mongodb MDB 34 537,460192,579,147 $358.31
Confidence Index
Coins Price Premium $ Premium % Chevron CVX 33 2,049,912318,831,647 $155.53
(High-grade index divided by intermediate-grade index; decline in FR STRATSs 2006-2 GS Grp-GJS (NYSE) 4.2 M .07425 .063562 16.8 9-14 9-13 9-15 Doordash DASH 28 847,753 83,260,731 $98.21
Krugerrand 1751.21 75.41 4.50 latter vs. former generally indicates rising confidence, pointing to Innovative Ind Prop-IIPR (NYSE) 8.0 Q 1.80 1.75 2.9 9-30 9-29 10-14 Datadog DDOG 27 639,674 85,964,013 $134.39
Maple Leaf 1793.11 117.31 7.00 higher stocks.)
Mexican Peso 2161.95 141.44 7.00 84.2 79.3 57.4 Keurig Dr Pepper-KDP (Nasdaq) 2.2 Q .20 .1875 6.7 9-30 9-29 10-14
Austria Crown 1645.62 49.28 3.00
Austria Phil 1759.59 83.79 5.00 Ladder Capital Cl A-LADR (NYSE) 8.4 Q .23 .22 4.5 9-30 9-29 10-17
U.S. Eagles 1793.11 117.31 7.00 Other Confidence Indicators:
Miller/Howard Hi Incm-HIE (NYSE) 6.0 M .051 .048 6.2 10-24 10-21 10-31
Premium is the amount over the value of the gold content in the coin.
Source Manfra, Tordella & Brookes, Inc. Bullion spot gold price 1675.8 Bloomberg Barclays US Long Treasury* Paccar-PCAR (Nasdaq) 1.7 Q .37 .34 8.8 11-15 11-14 12-06 Week’s Week’s
(This index measures the performance of fixed-rate, nominal US
Treasuries with at least 10 years to maturity. Jan. 1, 1973=100.)
Philip Morris Intl-PM (NYSE)
US Bancorp-USB (NYSE)
5.4
4.2
Q
Q
1.27
.48
1.25
.46
1.6
4.3
9-28
9-30
9-27
9-29
10-12
10-17
Dividend Dividend
Gold Performance Bloomberg Barclays US Credit
3314.44 3355.93 4502.05
US Bancorp Pfd. B-USBpH (NYSE) 4.6 Q .223611 .221181 1.1 9-30 9-29 10-17 Payment Payment
I-Rate: Fearing a U.S. interest rate rise, gold World Fuel Services-INT (NYSE) 2.2 Q .14 .12 16.7 9-23 9-22 10-07
This list includes payouts on This list includes payouts on
(This index includes all publicly issued, fixed-rate, non-convertible, common stocks. common stocks.
fell 2.8% to a 2-year low of $1,665 an ounce. investment-grade, dollar-denominated, SEC-registered corporate
debt.) NYSE NASDAQ
40
Ryan Labs Treasury Index
2829.48 2846.63 3386.37
Dividend Payment Reductions Monday (September 19)
AngloGold Ashanti ADR .294
Monday (September 19)
Grindrod Shipping Hldgs .84
30 Adjusted % Record Ex-Div Payment Assurant .68 Information Services .04
(Index of total return from active Treasury notes and bonds. Dec. Xperi Holding .05
31, 1996=100.) Company Name-Ticker Symbol (Exchange) Yield Period To From Decrease Date Date Date Gildan Activewear .169
NA NA 322.75 Kontoor Brands .46 Tuesday (September 20)
20 abrdn EM Equity Income-AEF (NYSE AMER ) 9.8 Q .10 .11 -9.1 % 9-23 9-22 9-30 Manulife Financial .259
Bond Buyer 20 Bond Index Terex .13 Amerco .50
BRP-DOOO (Nasdaq) 0.7 Q .121733 .124257 -2.0 % 9-30 9-29 10-14 Hibbett .25
(Index of yields of 20 general obligation municipal bonds.) Royal Bank of Canada-RY (NYSE) 4.1 Q .972275 .995296 -2.3 % 10-26 10-25 11-24 Tuesday (September 20) Live Oak Bancshares .03
10 3.81 3.73 2.14 Penns Woods Bancorp .32
ACCO Brands .075
Compass Minerals .15 TFS Financial .282
Bond Buyer Municipal Bond Index
0
(Index of 40 actively-traded tax-exempt bonds; component issues
Stock Splits/Dividends Special Dividends Dominion Energy
Evergy
.668
.572
Wednesday (September 21)
Electronic Arts .19
Handy & Harman Gold Price are changed regularly to keep the index a current picture of the Record Ex-Div Pay Record Ex-Div Pay Lear Corp .77
market. Source: The Bond Buyer Equinix 3.10
Company Name-Ticker Symbol (Exchange) Amount Date Date Date Company Name-Ticker Symbol (Exchange) Amount Date Date Date NL Industries .07
-10 4.70 4.67 3.43 New Fortress Energy .10
P10 .03
Old Dominion Freight .30
NONE Laureate Education-LAUR (Nasdaq) 0.83 9-28 9-27 10-12 Perrigo .26
Stock/Bond Yield Gap-s Powell Industries .26
PLDT ADR .845
-20 Resources Connection .14
(Difference between yield on highest-grade corporate bonds and PLDT ADR .824
Barron's Gold Mining Index (721.21)

-30
yield on stocks on the DJIA.)
-2.04 -1.81 0.34 Week’s Ex- Week’s Ex- Distributions & Offerings RLI Corp
Shell ADR
.26
.50
Thursday (September 22)
Commerce Bancshares .265
Stanley Black & Decker .80 PDC Energy .35
O N D J F M A M J J A S
Yield on DJ Equal Weight US Corp Bond Idx:
Corp Bonds, (y) 5.21 5.06 2.20
Dividend Dividend Secondary Distributions of common stocks
Akero Therapeutics 7,692,308 $26.00 $200,000,008
UnitedHealth Group
VF Corp
1.65
.50
Qualcomm
Red River Bancshares
.75
.07
v-Week ended Thursday. y-Yield to maturity, week ended Thursday. z-
Source: Refinitiv.*Barclays T-Bond Index discontinued by firm.
Dates Dates Benitec Biopharma
CNB Financial (PA)
29,809,471
3,702,127
$0.60
$23.50
$17,884,465
$86,999,985
Wednesday (September 21) Friday (September 23)
Aegon ADR .11 AMERISAFE .31
This list includes payouts on This list includes payouts on Codiak BioSciences 14,027,665 $1.50 $21,041,498
common stocks. common stocks. Avery Dennison .75 Exponent .24
Consensus Cloud Solutions 500,000 $46.00 $23,000,000 Ingersoll Rand .02 Healthcare Services Grp .214
NYSE NASDAQ Core & Main 11,000,000 $23.75 $261,250,000
Federal Reserve Data Bank Tuesday (September 20)
Tuesday (September 20) Crestwood Equity Ptnrs LP 11,400,000 $26.90 $306,705,600
Kohl's Corp
Movado Group
.50
.35
JOANN
Kraft Heinz
.11
.40
Seagate Technology .70 Driven Brands Holdings 7,000,000 $32.45 $227,150,000 PJT Partners .25 Open Text .243
One week ended Sep 14: Omnicom Group .70 Edgewise Therapeutics 11,627,907 $10.32 $120,000,000 Silvercrest Asset Mgmt A .18
Wednesday (September 21) Thursday (September 22)
Orion Engineered Carbons .021 Bank7 .12 First Watch Restaurant Group 4,500,000 $15.50 $69,750,000 Teradyne .11
Member Bank Latest Prev. Week Year Ago
Broadcom 4.10 IDEAYA Biosciences 8,761,905 $10.50 $92,000,003 Autoliv .64 Texas Roadhouse .46
Reserve Chgs. (Mil. $) Week Change Change Restaurant Brands Intl .54
JOYY ADR .507 Know Labs 3,600,000 $2.00 $7,200,000 BHP Group ADR 3.50 TriCo Bancshares .30
Vistra .184 Kulicke & Soffa Inds .17 Cigna 1.12 Unity Bancorp .11
U.S. Gov't securities: Smith & Wesson Brands .10 Larimar Therapeutics 22,225,000 $3.15 $70,008,750
Wednesday (September 21) Dun & Bradstreet .05
Bought outright 8,400,771 -2,568 +553,012 Thursday (September 22) LINKBANCORP 4,575,000 $7.50 $34,312,500 Saturday (September 24)
Harley-Davidson .157
Designer Brands .05 First Guaranty Bcshs .16 POINT Biopharma Global 13,900,000 $9.00 $125,100,000 NONE
Federal agency secur: Juniper Networks .21
Hackett Group .11 Relay Therapeutics 11,320,755 $26.50 $300,000,008
Bought outright 2,347 .... .... Marriott Vacations .62 Kimball Intl Cl B .09 Lloyds Banking Group ADR .039 Sunday (September 25)
Revance Therapeutics 9,200,000 $25.00 $230,000,000
PulteGroup .15 Lloyds Banking Group ADR .037
Friday (September 23) Rhythm Pharmaceuticals 4,800,000 $26.00 $124,800,000 NONE
Reserve bank credit: VICI Properties .39 Newmont .55
NONE
Primary Credit 5,201 +908 +4,927 Source: Dealogic LLC, New York City; (212) 577-4400. Pearson ADR .806
West Fraser Timber .30 Saturday (September 24)
Secondary Credit .... .... .... ResMed .44
Seasonal Credit 46 +4 +21 Thursday (September 22)
NONE Rio Tinto ADR 2.67 Week’s
Float
Other F.R. Assets
-153
35,046 +2,993
+9 -31
+1,401
American Vanguard .025
Sunday (September 25)
NONE U.S. Treasury Bills Triton International
Valhi
.65
.08
Dividend
Intl Flavors & Fragrances .81 Vontier .025
Monday (September 26) Wkly Ask
Total Fed Credit # 8,788,731 +488 +436,695
Gold stock
SDR Certif. Accounts
11,041
5,200
....
....
....
....
Korn Ferry
Medtronic
.15
.68
Logitech International .978 Maturity
September 20
Bid
1.87
Asked
1.86
Chg.
-0.11
Yld.
1.89
Friday (September 23)
Big Lots .30
Payment
Treas. Curr. Outst.
Total
51,300
8,873,592
+14
+441
+641
+433,394
Pembina Pipeline
Sempra
.168
1.145
Week’s Ex- September 22 1.79 1.78 -0.21 1.81 BlackRock
BP ADR
4.88
.36
This list includes payouts on
common stocks.
September 27 2.11 2.10 0.01 2.13
Currency in circ
Treas. Cash Hldgs
2,281,911
98
-1,208
....
+84,605
+51
TIM ADR
Valmont Industries
.154
.55
Dividend September 29 2.04 2.03 -0.06 2.06
CNO Financial Group
Elevance Health
.14
1.28
NYSE American
Monday (September 19)
October 04 2.16 2.15 0.01 2.18
Treas. Fed Deposits
Foreign Fed Deposits
593,808
7,435
+12,513
-1,147
+363,480
+814
World Fuel Services .14
Dates October 06 2.13 2.12 0.02 2.15
Genpact
Guess
.125
.225
NONE
Friday (September 23) October 11 2.27 2.26 -0.21 2.29 Hilton .15 Tuesday (September 20)
Other Fed Deposits 205,452 +55 -36,826 This list includes payouts on
common stocks. October 13 2.24 2.23 .... 2.27 Hudbay Minerals .008 Chicago Rivet & Machine .22
Other FR liab/cap 46,531 -2,356 -4,764 Arcos Dorados Holdings A .04
October 18 2.56 2.55 0.07 2.59 Insperity .52 Wednesday (September 21)
Total factors 5,638,664 +51,011 +1,469,651 New Jersey Resources .39 NYSE American Lockheed Martin 2.80
October 20 2.51 2.50 0.03 2.54 NONE
Reserves F.R. banks 3,234,928 -50,570 -1,036,256 Portland Gen Electric .452 Tuesday (September 20) Mativ Holdings .40
October 27 2.52 2.51 0.02 2.55
Fgn hold U.S. debt 3,376,510 -11,192 -94,195 B2Gold .04 Sealed Air .20 Thursday (September 22)
Saturday (September 24) November 01 2.64 2.63 .... 2.67
Evolution Petroleum .12 Steris .47 NONE
NONE November 03 2.61 2.60 0.04 2.64
Wednesday (September 21) Vaalco Energy .032 Friday (September 23)
Reserve Aggr (Mil. $) Latest Prev. Month % Year November 08 2.69 2.68 -0.03 2.73 Waste Management .65
Month Ended July: Month Month Chg. Ago Sunday (September 25) NONE November 10 2.63 2.62 0.04 2.66 Adams Resources .24
Saturday (September 24)
Total Reserves: 3,258,400 3,228,400 0.93 3,943,900 NONE Thursday (September 22) November 15 2.78 2.77 .... 2.82 Saturday (September 24)
Nonborrowed Res 3,238,800 3,207,000 0.99 3,856,300 NONE November 17 2.74 2.73 0.09 2.78 NONE NONE
Monday (September 26)
Borrowed Reserves 19,541 21,423 -8.78 87,621 Friday (Sept. 23)-Monday (Sept. 26) November 25 2.84 2.83 0.08 2.88 Sunday (September 25) Sunday (September 25)
Monetary Base 5,536,900 5,506,500 0.55 6,130,200 General Electric .08 NONE December 01 2.95 2.94 0.06 2.99 NONE NONE
September 19, 2022 BARRON’S 57

D ATA MARKET LABORATORY B A R R O N S .C O M / D ATA

QuestResource ChargeEnt Gyrodyne NatureSunshine Starbox CorebridgeFin CAE MarineMax

Week’s RechargeAcqnA
RelmadaTherap
RevolutionA
Charles&Colvard
CharterComms
Children'sPlace
HainanManaslu
HainCelestial
HarborCustom
NauticusRobot
NautilusBiotech
Neogen
StateraBio
StdBioTools
StitchFix
CorpAmAirports
Corteva
CrucibleAcqnA
CapitalOne
CarMax
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58
O T H E R VO I C E S
The Dollar Is
Mighty. How
It Could Fall.
By Edward Price
C
harlie Munger
thinks the dollar
will fail.
Investors
should assume
“the currency is
going to zero,” the
billionaire business partner of Warren
Buffett said earlier this year. Right
now, that seems crazy. Zero is, as
investors know, a really bad number.
And outlandish, too. The dollar is
strong against other currencies as the
U.S. central bank races ahead with a
higher policy rate. But Munger is
thinking long. Very long. The dollar,
he thinks, won’t crash today, and it
won’t crash tomorrow. But, sometime
in the next 100 years, it will.
A century is a good chunk of time.
A hundred years ago, the U.S. was not
a superpower. Over centuries, wild
things happen. As such, we should
accept Munger’s gloomy assertion as a
possibility. Then, we should consider
its probability. In other words, what
would bring the mighty greenback to
its knees? And how close are we to
Munger’s doomsday scenario?
Many economists would say very
far. The dollar is used because the dol-
lar is used, or so goes the consensus
mantra. But a good way to think about
the dollar is to split the U.S. currency
in two. This was the approach of 20th
century economist Robert Triffin. In
effect, he thought there were two dol-
lars trapped in one. The first dollar is
for domestic use, and the second, in-
ternational. That, in turn, means the
number of dollars in existence is
always being pulled in two directions.
America is, by definition, smaller
than the world. Therefore, the number
of dollars needed by the U.S. economy
(the first direction) is smaller than the
number needed by the global economy
(the second). And yet, both use the
same dollar. So, Triffin posed a di-
lemma. If the U.S. currency serves the
global economy, with massive dollar
liquidity, it runs the long-term risk of
hyperinflation at home. Too many
dollars. At that point, the rest of the
world would abandon the greenback.
But if America serves only the domes-
tic economy, and issues far fewer dol-
lars, it runs the risk of hyperdeflation
abroad. Too few dollars. At this point,
the rest of the world would—you
guessed it—abandon the greenback.
Either way, dollar supremacy must
eventually end.
We’re not seeing much evidence of
the above. Whatever its supply, every-
one wants the dollar, which explains
the long-dollar view. But we are seeing
some. Annual inflation in the U.S. is
troublesome, at 8.3% in August, and
foreign central banks are diversifying
their reserves away from USD. The
crypto crowd won’t stop harping on
about dollar alternatives. And the U.S.
has effectively kicked Russia out of the
dollar system. None of these things, by
themselves, threaten dollar dominance.
But a nascent thesis of dollar oversup-
ply is obviously doing the rounds. A
heterodoxy is emerging, one that points
to growing U.S. debt, and the inevitable
decline of financial superpowers in
history as hints of a postdollar world.
So, what could kick-start the
dollar’s decline? Three things. War,
BARRON’S
Today’s voracious dollar demand suggests
invincibility. But we should imagine the dollar’s
troubled end.
“What could fear, and guile.
First up is war. Should the U.S. lose
kick-start a conflict, say, over Taiwan, markets
the dollar’s will implode. Forget Ukraine, a war
with China would be the mother of all
decline? supply-chain disruptions. Should the
Three U.S. lose Taiwan bravely, the dollar
could well survive, or indeed gain. It
things. could boost the dollar smile—the phe-
War, fear, nomenon that sees dollar demand
and guile.” spike after major news, good or bad.
But should the U.S. cut and run—or
Edward Price
should its fleet be annihilated—the
dollar would surely teeter. Maybe not
the same day. Maybe not the same
week. But foreign-exchange traders
and capital markets would certainly
begin to sweat.
Second, fear. The nature of bank
runs and market crashes is that they
happen whenever they won’t. Mean-
ing, the exuberance that creates a
frothy up-cycle has an irritating ten-
dency to surprise. Every seven years
or so, we seem to get a business cycle.
Every 70 or so, we seem to get a crash.
We know everything in theory and
nothing practical. As an experiment,
then, the fiat dollar is only about 50
years old. Whether fiat currency itself
September 19, 2022
is prone to cycles we do not know.
Third, guile. Perhaps the time is
ripe for a dollar alternative. That’s not
to say it would be easy to create one.
Actually, it would be hard. But some
sort of state-subsidized financial prod-
uct, somewhere, could promise X–
percent returns above dollar interest
rates. And say Y percent more if
funds are transferred out of dollar-
denominated holdings. That might not
be sustainable at scale; it would re-
quire subsidy. But it could be proof
of a concept, the idea that something,
somewhere, is safer than the buck.
Is America a Ponzi scheme or a
trust fund? A short- or long-term
thing? We don’t know. Nor do we know
the ultimate fate of its currency. To-
day’s voracious dollar demand suggests
invincibility. But we should imagine the
dollar’s troubled end. That way, we
might figure out how to extend its life.
After all, with a little more imagination,
Illustration by Jon Krause
Scipio would have wept before, and not
at, the destruction of Carthage. B
Edward Price, a former British economic
official, is a nonresident senior fellow at New
York University’s Center for Global Affairs.
September 19, 2022
MAILBAG
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.
Where
Bitcoin Is
Legal Tender
To the Editor:
This was utterly predictable. Imagine what would hap-
pen if the U.S. dollar fluctuated at only a small percent-
age of the degree to which Bitcoin does. Total chaos (“El
Salvador’s Lonely Experiment,” Cover Story, Sept. 9).
Combined with the senseless environmental harm
done by these absurd cryptocurrencies, this should be
a lesson to anyone who thinks this “currency” has any
place in serious financial systems. Hopefully, the Securi-
ties Exchange Commission and/or Congress will finally
apply common-sense regulations on crypto.
John Fischer
On Barrons.com
To the Editor:
Getting into crypto is a risk/reward decision threshold for
me. When the risk/reward ratio of using crypto versus
the dollar becomes better in my favor, it is time. Now is
not the time. Let the crypto crowd sweat out the kinks. I’ll
sit on the sidelines and watch the game unfold.
Roli Antonio
On Barrons.com
BARRON’S
Contrarian Indicators
To the Editor:
A Kardashian private-equity firm (“A
Housing Bubble and Kim Kardashian:
More Troubling News for Markets,”
Up & Down Wall Street, Sept. 9). Ac-
tors promoting crypto when Bitcoin
was at $62,000. C-list celebrities with
special-purpose acquisition compa-
nies. Even NBA superstar Giannis
Antetokounmpo is starting an envi-
ronmental, social, and corporate gov-
ernance fund. Sounds great. Hey,
what could go wrong?
Steve Klouda
Sugar Grove, Ill.
Social Insecurity
To the Editor:
Americans have been wringing their
hands for decades about the insuffi-
ciency of funds in the pool of capital
that will freeze out the next generation
of payees. The problem isn’t economic;
it is entirely political (“Social Security
Will Hit a Breaking Point. What It
Means for Younger Workers,” Sept. 9).
We can solve “social insecurity” in
a heartbeat. Simply invest the money
in an index of U.S. equities that, over
time, will pay beneficiaries about 9% a
year versus the current 1% that the
fund earns. That will end the subject
of sufficient funds, as participants will
earn great sums over time. The imped-
iments are politicians in Washington,
D.C., who want control over the fund,
so they can blow it on favored proj-
ects, rather than give Americans the
peace of mind that we all seek.
Citizens should band together and
demand this outcome or vote against
every member of Congress who thinks
otherwise. And for those who refuse
to comply, we should remove them
from any retirement program in
which they now participate. Care to
bet we get the changes?
Rich Klitzberg
Boca Raton, Fla.
To the Editor:
The easiest and most sensible way to
guarantee Social Security continuity is
to raise the cap on contributions. This
is done periodically. Even so, it has
always been the lower and middle
classes that fund Social Security. The
wealthy upper classes have never paid
their fair share because their contribu-
tions stop at [an annual income level
of] $147,000. Why aren’t we taxing
those that make $148,000 to $10 mil-
lion-plus on their full income, or at
least some percentage above the cur-
rent cap? That would keep Social Secu-
rity in the black indefinitely.
Lyle Stotelmyre
Oceanside, Calif.
To the Editor:
I found Martha Shedden, president
and co-founder of the National Asso-
ciation of Registered Social Security
Analysts, a bit glib as she concluded
that beneficiaries should simply ig-
nore potential benefit cuts resulting
from program shortfalls. If benefits
are cut 23% across the board in 2034,
it will have a much smaller impact on
those who start benefits early than on
those who start them late.
Assume someone turns 62 in
2026. Under the provided program
depletion schedule, he can enjoy eight
years of benefits before the cut starts
in 2034. But if he starts benefits at
age 70, his benefits are cut from
inception.
Also, compared with a program
without such cuts, the break-even year
(a critical calculation for any sane indi-
vidual evaluating the merits of delaying
retirement) under the above situation
comes three years later (at age 81) for
someone waiting until full retirement
age and four years later (at age 86) for
someone waiting until age 70.
Clint Myers
Georgetown, S.C.
“I’m sticking with Illumina and
deSouza, with or without Grail,
but I hope that it’s with.”
Britt Hughes, on Barrons.com
59
Numbers by Barron’s, which breaks
down the markets, is available
wherever you listen to podcasts.
Buying Europe
To the Editor:
Cresset Capital’s Jack Ablin believes
that there will be a buying opportunity
in the First Trust S&P International
Dividend Aristocrats exchange-traded
fund when Federal Reserve tightening
slows (“How Europe’s Energy Crisis
Could Play Out,” Sept. 9). As Ablin
says, the ETF holds high-quality com-
panies with strong balance sheets that
can withstand an “ugly quarter.” But
however strong these companies might
be, the problem lies with the ETF’s
long-term performance: one-year, mi-
nus 8.38%; three-year, 1.74%; five-year,
2.8%; and from inception, 2.14%. I
wonder why Ablin thinks the future
might be any brighter. Some individ-
ual-stock research might prove better
in selecting winners.
Harvey Rosen
Brooklyn N.Y.
Holy Grail
To the Editor:
Clearly, Illumina’s main line of busi-
ness producing sequencing tools is
fantastic (“Illumina Stock Has Tanked
After Its Deal for Grail. The Battle
With Regulators Continues,” Follow-
Up, Sept. 9). My view is that CEO
Francis deSouza wouldn’t be spending
the enormous amounts of human cap-
ital and actual dollars for Grail unless
the payoff would be huge, which I
happen to agree with. The numbers
are massive. I’m sticking with Illu-
mina and deSouza, with or without
Grail, but I hope that it’s with.
Britt Hughes
On Barrons.com
 M W L C 10 11 12 H G R P 4 8 3 F 2 D 6 7 9 0 A I
60 BARRON’S September 19, 2022

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 TOP 100 INDEPENDENT ADVISORS 2022

SEPTEMBER 19, 2022

How to Pick
The Right
Independent
Advisor
These financial pros
are proliferating, offering
investors more choices
than ever before. PAGE S2
S2 BARRON’S September 19, 2022
September 19, 2022
TOP 100 INDEPENDENT ADVISORS 2022
An Independent
Advisor for You
As the advisor industry explodes, investors face a wealth of choices
BY STEVE GARMHAUSEN
U
ntil the 1990s, massive Wall Street brokerage firms all
but owned the market for investment advice. But
amid growing demand for investment guidance and
financial planning, big-name firms such as Morgan
Stanley and Merrill Lynch now have some serious
competition.
Independent advisors, often working within
registered investment advisor, or RIA, firms, are multiplying at
a breakneck pace. From 2012 to 2021, the number of such firms in
the U.S. increased 41%, to nearly 15,000.
“There’s a bull market for advice,” says David Canter, president
of Bluespring Wealth Partners and a longtime leader in the finan-
cial advisory field. “And that’s backed up by the fact that the num-
ber of independent advisors just continues to grow.”
As the industry matures, some very large players are emerging.
The biggest, Santa Clara, Calif.–based Edelman Financial Engines,
manages some $290 billion in 1.6 million accounts for clients
across the country. Creative Planning, based in Overland Park,
Kan., manages $134 billion in about 165,000 accounts. Mariner,
also in Overland Park, boasts $55 billion in approximately 90,000
accounts.
As firms have clamored for market share and the economies of
scale that come from growth, a robust mergers-and-acquisitions
market has evolved. Indeed, the number of acquisitions within the
industry has increased for eight straight years. Last year saw 242
deals, according to consultancy DeVoe & Co. This year’s activity is
on track to surpass that record.
I L LU S T R AT I O N S B Y M A R K A L L E N M I L L E R
BARRON’S S3
The industry’s evolution means that investors seeking to work
with an independent firm now have a plethora of options. Firms
vary based on the kind of client they’re best at serving, the list of
services they offer, how they invest, how they charge for their
services, and more. Learning the landscape can help you narrow
down a list of firms you would like to work with and find a good
fit with an advisor.
The two rankings in this special report focus on independent
advisors. Our Top 100 RIA Firms ranking, now in its seventh
year, is based on both qualitative and quantitative criteria, includ-
ing the assets a firm manages and the revenue those assets gener-
ate, its regulatory record, staffing levels and diversity, technology
spending, and succession planning. Our ranking of top individual
advisors uses a similar set of quantitative criteria. Qualitative fac-
tors include the advisors’ experience, advanced degrees and indus-
try designations, the composition of their teams, and, of course,
their compliance records. For more on the methodology, go to
barrons.com/advisorranks.
Independent RIA firms are distinct from Wall Street wire-
houses—Merrill Lynch, Morgan Stanley, UBS, and Wells Fargo,
which together employ more than 50,000 advisors. Often affili-
ated with banks, wirehouses have massive wealth management
units with stock-brokerage roots. At the end of 2021, Morgan Stan-
ley reported having $4.93 trillion in total client assets, dwarfing
even Edelman Financial Engines’ $290 billion.
A key point that independent RIAs often promote is that they
are legally bound by a fiduciary standard, meaning they owe cli-
S4
TOP 100 INDEPENDENT ADVISORS 2022
ents an ongoing duty of loyalty and
care covering all aspects of their rela-
tionship. In contrast, financial profes-
sionals working under brokerage regu-
lations at wirehouses and smaller
brokerage firms are bound by what is
generally seen as a less rigorous stan-
dard of care known as Regulation Best
Interest. Things can get confusing,
however, because in addition to broker-
age accounts, wirehouses offer fee-
based wealth management accounts
that are subject to the same fiduciary
standard governing independent RIAs.
Indie Appeal
The universe of independent RIA
firms contains a variety of service
models. The most common one is the
full-service wealth management
model, which includes investment
advice and financial planning. These
firms’ value proposition is essentially
that they can assign price tags to your
life goals—retirement, college funding,
and so on—and, by identifying how
much you need to save and how it
should be invested, position you to
reach those goals. Full-service firms
can review your insurance coverage
and help you fill gaps.
Other firms limit their services to
investing. Whitefish, Mont.–based
Stack Financial Management man-
ages stock portfolios only, and has a
strong record of doing so. Wellesley
Asset Management, in Wellesley,
Mass., specializes even further, run-
ning portfolios of convertible bonds.
It has boosted its assets under man-
agement from $100 million in 2008
to more than $3 billion today.
Firms that offer only financial plan-
ning are less common, but they make
sense for clients who prefer to consult
with a professional and then invest on
their own, or who don’t have much to
invest but need sound financial advice.
Planning-only advisors often charge an
hourly rate, which makes them accessi-
ble to those who don’t yet have the
levels of investment capital that full-
service advisors often require. Some
offer a subscription model, with fees
ranging from $50 to $500 per month
depending on the level of service and
support provided. However they
charge, planning-only advisors can
provide a second opinion on invest-
ments and advice on key decisions
such as when to retire and file for
Social Security, and how to draw down
retirement accounts.
BARRON’S
RIAS ON Niche Services
THE RISE As the independent-advisor industry
The number of has matured, specialty practices have
registered sprung up. For example, some prac-
investment tices specialize in serving LGBTQ+
advisor firms clients, whose distinct needs often
increased include funding adoption and other
forms of family creation. Many advi-
41%
from 2012 to 2021,
sors are experts in serving employees
of a specific industry or even a specific
employer. Mainstay Capital Manage-
to nearly 15,000. ment, in Grand Blanc, Mich., is a clas-
sic example: 75% of its clients work,
or worked, at General Motors. Led by
David Kudla, himself a former GM
executive, Mainstay advisors are inti-
mately familiar with the company’s
compensation and benefits.
“When an advisor serves your
niche—assuming they’re a good plan-
ner and investor, that their fees are
appropriate, and so on—that’s an ab-
solute plus from our point of view,”
says Doug Black, founder of Spring-
Reef, an advisor search firm for very
wealthy families and institutions.
It might seem misguided to talk
about serving women as a specialty,
since they make up 51% of the popula-
tion. But the investment-advice indus-
try has long been dominated by men,
who have often geared their communi-
cation to male clients, even when
working with married couples. Luma
Wealth Advisors, in Cleveland, takes
a different tack. It is one of a growing
number of firms that are run by
women and are built to serve primar-
ily women. Luma focuses on widows,
divorcées, business owners, and other
women with net worths of $2 million
to $25 million.
Research has shown that women
place significant value on empathy
when choosing an advisor, so the firm
has made empathy a cornerstone of its
culture: The trait is a key factor in
hiring decisions and even factors into
compensation decisions.
Luma and other RIA firms that
cater to women aren’t just filling a
perceived gap in the advice industry;
they’re also positioning themselves to
gain business from a segment of the
population that’s poised to get a lot
richer. Over the next four decades,
women will inherit a projected $28.7
trillion, according to a study by New
York Life Investments.
On Target?
Another way to view the independent-
advisor landscape is through the lens
of their target client. A swath of firms
focus on the so-called mass-affluent
population—households with no more
than $1 million or $2 million of in-
vestible assets. Edelman Financial
Engines is a good example. Hourly
planners tend to serve this clientele,
as do robo-advisors, which offer auto-
mated investment services and often
provide access to a human advisor for
an additional fee.
The vast majority of full-service
independent firms target households
with $1 million to $10 million to in-
vest. They typically provide planning
and investment management and
charge a fee that equates to about 1%
of assets under management. In some
cases, these midtier firms offer “con-
cierge services,” such as paying bills
and balancing checkbooks.
For so-called ultrahigh-net-worth
clients, those with at least $10 million
to invest, private wealth managers and
family offices provide much more
high-end service, including access to
private investments. More emphasis
is placed on estate planning, philan-
thropy, and tax management. These
firms provide concierge services of
a higher order—running payroll for
household employees, for instance—
and if you need to buy a yacht, air-
craft, or other big-ticket toy, they’ve
got you covered.
It’s a good idea to work with a firm
where your wealth level doesn’t make
you an outlier, says Black. If you’re far
wealthier than your firm’s typical cli-
ent, your advisor probably doesn’t
have much experience in serving your
needs, and might not have access to
high-end investments like private
equity and hedge funds. If you’re
smaller, you’re likely to get less
attention—unless, that is, you have
a clear path to wealth, such as em-
ployee stock options.
“You want to work with an advisor
who has clients that look and feel just
like you,” says Black. Advisor firms
commonly segment their clients
according to their profitability—
referring to them as “A,” “B,” and “C”
clients. Not surprisingly, clients with
bigger accounts tend to get more at-
tention. For instance, if there’s dra-
matic movement in the markets, advi-
sors will often reach out to clients in
the order of their account sizes, Black
says.
While the assets-under-manage-
ment, or AUM, fee is usually the
September 19, 2022
dominant compensation model, even
at the very high end, different ar-
rangements are gradually becoming
more common. Firms serving the
very wealthy have started to offer
retainer arrangements, with a flat
annual fee based on the complexity of
the client’s needs. Advisors like these
arrangements because they’re a way
to get paid for work beyond the in-
vestment portfolio, from advice on
real estate holdings to the financial
education of heirs.
Atlanta-based Balentine rolled out
a retainer option in 2017. It works
with clients to understand their situa-
tion and goals, then proposes a scope
of services and specifies what they
will cost. The agreement must be
renewed annually.
Such an approach eliminates real
or perceived conflicts of interest on
advisors’ part. If an advisor is paid
purely based on the size of the cli-
ent’s investment portfolio, it might
be tempting to advise the client to
deploy risky strategies in hopes of
rapidly growing the portfolio (meme
stocks, anyone?). While no reputable
advisor would do that, the AUM
model provides an incentive to do so.
Navigating Fees
Some firms offer a blend of fee types.
Savant Capital, in Rockford, Ill.,
charges hourly fees or retainer fees
for tax and accounting services, and
an asset-based fee for traditional
planning and investing services.
For a closer look at firms that serve
clients of different wealth levels, read
the interviews in the following pages.
Executives from Edelman Financial
Engines, Altair Advisers, and MAI
Capital Management offer insight into
each firm’s service model.
When selecting an advisor, it’s
wise to do your research carefully.
Select four firms that have a clean
regulatory history, serve clients like
you, charge reasonable fees, have a
reputation for good service, and can
demonstrate proven investment
capabilities, Black suggests. Let them
make their pitch to you, then choose
two finalists and ask deeper ques-
tions before making your choice.
This is a good approach, regardless
of where you fall on the wealth
spectrum, Black says. “If they want
you to entrust your life savings
to them, they need to earn it,” he
says. B
September 19, 2022 BARRON’S S5

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S6 BARRON’S September 19, 2022

2022 Top 100 RIA Firms

Our seventh annual ranking of independent advisory companies is based on assets managed by the firms, technology spending,
staff diversity, succession planning, and other metrics. For more on the methodology, go to Barrons.com/AdvisorRanks.
RANK FIRM LOCATION TOP EXECUTIVES CLIENTS ADVISORS OFFICES STATES
2022 ’21
1 1 Edelman Financial Engines Santa Clara, Calif. Larry Raffone, Christopher Jones, Jason Van de Loo 1,300,000 452 145 38
2 2 Hightower Advisors Chicago Bob Oros, Scott Holsopple, Dan Watanapongse 42,570 199 114 34
3 3 Creative Planning Overland Park, Kan. Peter Mallouk, Lee Richardson, Jonathan Knapp 65,965 354 50 28
4 6 Captrust Raleigh, N.C. J. Fielding Miller, Ben Goldstein, Wilson Hoyle 20,394 450 68 30
5 5 Mariner Wealth Advisors Overland Park, Kan. Marty Bicknell, Cheryl Bicknell, Jeff Poe 35,388 514 73 33
6 9 Wealth Enhancement Advisory Services Plymouth, Minn. Jeff Dekko, Jim Cahn, Kelly Windorski 40,782 333 75 21
7 4 CIBC Private Wealth Atlanta John S. “Jack” Markwalter Jr., Eric B. Propper, Gabrielle D. Bailey 9,352 180 21 17
8 8 Mercer Advisors Denver Dave Welling, Loren Pierson, Michael Henry 25,100 206 89 31
9 7 Private Advisor Group Morristown, N.J. RJ Moore, Frank Smith, Patrick Sullivan 48,413 773 409 44
10 14 Cerity Partners New York Kurt Miscinski, Claire O’Keefe, Kevin Hilden 10,213 215 20 11
11 10 Moneta St. Louis Eric Kittner, Keith Bowles 6,368 163 5 5
12 32 Cresset Chicago Avy Stein, Eric Becker, Jack Ablin 2,441 101 16 12
13 12 Carson Group Omaha, Neb. Ron Carson, Aaron Schaben, Teri Shepherd 40,100 343 186 39
14 11 Silvercrest Asset Management Group New York Richard R. Hough III, David J. Campbell, Scott A. Gerard 696 29 8 6
15 13 Buckingham Strategic Wealth Clayton, Mo. Adam Birenbaum, Justin Ferri, Wendy Hartman 12,116 208 45 22
16 21 Beacon Pointe Advisors Newport Beach, Calif. Shannon Eusey, Matthew Cooper 11,300 143 37 17
17 29 Pathstone Englewood, N.J. Matthew Fleissig, Kelly Maregni, Steve Braverman 1,638 84 14 13
18 19 The Colony Group Boston Michael Nathanson, Ron Rubin, Gina Bradley 5,247 79 19 10
19 27 Wealthspire Advisors New York Mike LaMena, Eric Sontag, Michael Moriarty 7,894 96 19 10
20 16 Plante Moran Financial Advisors Southfield, Mich. John Lesser, Kevin Benson, David Stahl 3,430 102 13 4
21 15 BBR Partners New York Brett Barth, Evan Roth, Mike Anson 178 46 6 5
22 30 IEQ Capital Foster City, Calif. Robert Skinner, Alan Zafran, Eric Harrison 959 18 3 2
23 N SCS Financial Boston Antony Abbiati, Pam Peedin 205 47 4 4
24 25 EP Wealth Advisors Torrance, Calif. Patrick Goshtigian, Ryan Parker 10,200 105 24 7
25 17 Tiedemann Advisors New York Michael Tiedemann, Craig Smith, Kevin Moran 372 27 10 9
26 31 MAI Capital Management Cleveland Rick Buoncore, Colter Lewis, Jim Kacic 5,585 110 18 14
27 28 Aspiriant Los Angeles Rob Francais, Lynne Born, Sandi Bragar 2,195 107 11 7
28 18 1919 Investment Counsel Baltimore Harry O’Mealia, Peggy Pasquarella, Charlie King 1,893 40 9 8
29 N NewEdge Capital Group Pittsburgh Rob Sechan, John Straus, Alex Goss 9,300 120 112 35
30 26 Stratos Wealth Partners Beachwood, Ohio Jeff Concepcion, Kathryn Louttit, Nancy Andrefsky 24,496 280 83 23
31 23 Allworth Financial Folsom, Calif. Pat McClain, Scott Hanson, Pete Engelken 19,462 113 24 14
32 20 Steward Partners Investment Advisory Washington James Gold, Hy Saporta, Doug Kentfield 13,833 193 30 20
33 36 Savant Wealth Management Rockford, Ill. Brent R. Brodeski, Robert E. Morrison, Kevin M. Hrdlicka 7,795 89 22 7
34 24 Signature Estate & Investment Advisors Los Angeles Brian D. Holmes, Mark Copeland, Gary Liska 10,997 39 12 8
35 48 Baker Street Advisors San Francisco Jeff Colin, Chris Wilkens, Wendy Umphrey 440 9 1 1
36 42 Lido Advisors Los Angeles Jason Ozur, Ken Stern, Greg Kushner 4,156 50 27 18
37 34 Evercore Wealth Management New York Chris Zander, Jeff Maurer, John Apruzzese 698 43 5 4
38 37 Johnson Investment Counsel Cincinnati Jason O. Jackman, Bret H. Parrish, Jarett T. Levitsky 4,367 30 6 2
39 38 Summit Trail Advisors New York Jack B. Petersen, David Romhilt, Tom Harms 468 21 7 7
40 35 Chevy Chase Trust Bethesda, Md. Jeff Whitaker, Amy Raskin, Christine Kearns 1,061 35 1 1
41 41 Homrich Berg Atlanta Andy Berg, Thomas Carroll, Bill Bolen 3,500 84 6 2
42 39 GW & Wade Wellesley, Mass. Roger W. Wade, Timothy Pinch 3,444 21 4 3
43 45 Choreo Minneapolis Larry Miles, Maria Daley, Greg Dowler 3,817 47 28 17
44 33 Eaton Vance WaterOak Advisors Boston David McCabe, Larry Gingrow, Daniel Puopolo 909 17 1 1
45 46 Bahl & Gaynor Investment Counsel Cincinnati Robert S. Groenke, Charles Pettengill, Vere Gaynor 769 20 1 1
46 N Williams Jones Wealth Management New York William P. Jones Jr., John Eager, Jeff Schweon 1,425 15 2 2
47 40 Mesirow Financial Investment Management Chicago Natalie A. Brown, Richard S. Price, Melissa L. Bean 4,784 43 17 11
N = Not ranked CONTINUED
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S8 BARRON’S September 19, 2022

2022 Top 100 RIA Firms CONTINUED

RANK FIRM LOCATION TOP EXECUTIVES CLIENTS ADVISORS OFFICES STATES

2022 ’21
48 66 Sequoia Financial Group Akron, Ohio Thomas Haught, Gerry Knotek, Annie McCauley 6,243 60 9 4
49 56 The Mather Group Chicago Chris Behrens, Joan Rockey, Kristen Oziemkowski 3,382 43 12 7
50 49 Evoke Advisors Los Angeles Tyler Kelley, Jane Eagle, Dan Kelso 733 16 3 2
51 57 Mason Investment Advisory Services Reston, Va. Scott George, Christopher Schreiner, Barry Beach 786 20 1 1
52 43 Churchill Management Group Los Angeles Fred A. Fern, Randy C. Conner, Eileen A. Holmes 6,314 36 50 30
53 55 CliftonLarsonAllen Wealth Advisors Minneapolis Clayton Bland, Brian Buffie 6,332 80 38 17
54 65 Segall Bryant & Hamill Chicago Philip Hildebrandt, Ralph Segall, Paul Lythberg 1,814 15 5 5
55 47 Douglas C. Lane & Associates New York Sarat Sethi, Ned Dewees 1,240 14 3 3
56 52 Bartlett Wealth Management Cincinnati James Hagerty, Holly Mazzocca, Chadwick Kolde 1,735 28 2 2
57 72 Coldstream Wealth Management Bellevue, Wash. Kevin Fitzwilson, Josh Harris, Natalie Straub 2,526 28 6 4
58 50 Welch & Forbes Boston Kurt Walter, Benjamin Williams Jr., Adrienne Silbermann 814 11 1 1
59 86 SignatureFD Atlanta Heather Robertson Fortner, Ashley Corban, David Fisher 1,639 29 2 2
60 N Summit Financial Parsippany, N.J. Stan Gregor, Steven Weinman, Michael Bremer 4,150 55 19 8
61 63 Wetherby Asset Management San Francisco Kristen Bauer, John Mell, Lauren Wood 639 25 3 2
62 51 Adviser Investments Newton, Mass. Mario Ramos, Daniel Wiener 3,986 20 2 2
63 62 RMB Capital Chicago Richard M. Burridge Jr., Donald A. Bechter, Frederick Paulman 2,518 28 8 8
64 44 Forum Financial Management Lombard, Ill. Jonathan Rogers, Nirav Batavia 4,807 85 40 13
65 67 RegentAtlantic Morristown, N.J. George Stapleton, Andy Kapyrin, Paul Platkin 1,851 31 2 2
66 75 Modera Wealth Management Westwood, N.J. Thomas Orecchio, Karen R. Keatley, Charles P. Boinske 2,153 43 7 7
67 64 Ropes Wealth Advisors Boston Michelle A. Knight, Kristin D. Fazio, Joseph E. Powers 1,320 9 1 1
68 70 RGT Wealth Advisors Dallas Mark Griege, Joe Nolan, Greg Bone 686 25 1 1
69 53 myCIO Wealth Partners Philadelphia David E. Lees, Jim Biles, Paul Bracaglia 888 35 1 1
70 N Caprock Boise, Idaho William Gilbert Jr., Gregory Brown, Jefferson Jewell 263 22 6 5
71 61 BDF Itasca, Ill. Chad Carlson, Susan Chase Korin, Anthony Dinverno 1,319 46 1 1
72 78 WE Family Offices Miami Mel Lagomasino, Santiago Ulloa, Michael Zeuner 96 13 2 2
73 N Connectus Wealth Advisers West Palm Beach, Fla. Molly Bennard, Amy DeTolla, Kathleen Alcorn 8,140 28 4 4
74 58 Kovitz Investment Group Chicago Mitch Kovitz, Ted Rupp, Rob Contreras 2,193 42 9 6
75 60 Ferguson Wellman Capital Management Portland, Ore. Steve Holwerda, George Hosfield, Ralph Cole 928 21 2 2
76 74 Dowling & Yahnke Wealth Advisors San Diego Dale Yahnke, Mark Wernig, William Beamer 1,477 19 1 1
77 87 Parallel Advisors San Francisco C.J. Rendic, Diane Gabianelli, Brian O’Keefe 2,677 32 5 5
78 N Prime Capital Investment Advisors Overland Park, Kan. Glenn Spencer, Scott Colangelo, Tim Hakes 13,500 160 52 21
79 77 Snowden Lane Partners New York Robert J. Mooney, Greg Franks, Lyle Lamothe 6,681 71 12 8
80 73 Wealthcare Richmond, Va. Matthew Regan, Justin DuBrueler, Ronald Madey 8,567 159 31 25
81 79 Bradley, Foster & Sargent Hartford, Conn. Galan G. Daukas, Robert H. Bradley, Thomas D. Sargent 1,417 19 5 4
82 69 HBKS Wealth Advisors Erie, Pa. Christopher M. Allegretti, Scott Cross 5,935 48 12 4
83 68 Clarfeld Tarrytown, N.Y. Rick Suarez, Robert Varriano, Michael Hans 1,136 65 14 14
84 84 Plancorp St. Louis J. Christopher Kerckhoff Jr., Brian King, Peter Lazaroff 1,506 25 4 4
85 95 Cary Street Partners Richmond, Va. Joseph R. Schmuckler, Walter D. Bayne, Wesley Gallup 5,602 56 16 5
86 91 Joel Isaacson & Co. New York David Peltz, Joel Isaacson, Stanley Altmark 1,228 17 1 1
87 83 Gofen and Glossberg Chicago Charles Gofen, James Borovsky, Peter Kupferberg 1,247 14 1 1
88 N Valeo Financial Advisors Carmel, Ind. John Wortman, Mike Daniel, John Trott 2,000 105 5 5
89 100 Mission Wealth Management Santa Barbara, Calif. Matthew Adams, Dannell Stuart, Brad Stark 2,150 49 24 12
90 90 ARGI Investment Services Louisville, Ky. Joe Reeves, Neil Quinlan, Angie Morrison Duncan 3,970 69 8 5
91 N Gladstone Wealth Partners Boca Raton, Fla. Kristopher Bonocore, Robert Hudson, Richard Frick 6,244 78 42 18
92 N Linscomb & Williams Houston J. Harold Williams, Phillip P. Hamman, Ryan L. Patterson 1,849 22 6 3
93 81 Crestwood Advisors Group Boston Michael A. Eckton, John W. Morris, Robert G. Ix 875 20 3 2
94 94 Klingenstein Fields Advisors New York Kenneth D. Pollinger, James W. Fields, Kenneth H. Fields 530 13 2 2
95 80 TAG Associates New York David Basner, Jonathan Bergman, Jeff Tumolo 110 5 2 2
96 85 Altair Advisers Chicago Rebekah L. Kohmescher, Steven B. Weinstein, Jason M. Laurie 365 29 1 1
97 N Capital Advisors Tulsa, Okla. Keith Goddard, Andy Brown, Jamie Wilson 2,510 26 10 7
98 N Fort Pitt Capital Group Pittsburgh Theodore M. Bovard, Michael Blehar, J. Todd Douds 3,120 20 2 2
99 59 CV Advisors Aventura, Fla. Elliot Dornbusch, Alex Mann, Matthew J. Storm 89 7 1 1
100 92 Chilton Trust Company New York Pepper Anderson, Richard L. Chilton Jr., Garrison DuP. Lickle 231 26 7 6

N = Not ranked
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S10 BARRON’S September 19, 2022

2022 Top 100

25. Matthew Babrick 32. Susan Kaplan
First Republic Kaplan Financial
Investment Management Services

Independent Advisors
Los Angeles Newton, Mass.
2021 Rank: 33 2021 Rank: 25
Client Types: HNW, UHNW, Client Types: HNW, UHNW
The 16th edition of our Top 100 ranking of independent financial advisors is based on quantitative Foundations, Endowments Total Assets (mil): $2,353
and qualitative measures, including advisors’ assets under management, their revenue, their Total Assets (mil): $4,901 Typical Acct Size (mil): $4
Typical Acct Size (mil): $50 Typical Net Worth (mil): $10
regulatory records, and more. For more on the methodology, go to Barrons.com/AdvisorRanks. Typical Net Worth (mil): $80
33. William Peterson
26. David Mabie Neuberger Berman
1. Spuds Powell 7. Thomas Moran 13. Phil Scott 19. Frank Marzano Chicago Capital New York
Kayne Anderson Moran Wealth First Republic GM Advisory Group Chicago 2021 Rank: 26
Rudnick Investment Management Investment Management Melville, N.Y. 2021 Rank: 24 Client Types: HNW, UHNW,
Management Naples, Fla. Bellevue, Wash. 2021 Rank: 18 Client Types: HNW, UHNW, Institutional
Los Angeles 2021 Rank: 17 2021 Rank: N Client Types: HNW, UHNW Institutional Total Assets (mil): $2,253
2021 Rank: 7 Client Types: Individuals, Client Types: Individuals, Total Assets (mil): $5,807 Total Assets (mil): $2,232 Typical Acct Size (mil): $4.2
Client Types: HNW, UHNW HNW, UHNW HNW, UHNW Typical Acct Size (mil): $20 Typical Acct Size (mil): $3.8 Typical Net Worth (mil): $16
Total Assets (mil): $47,929 Total Assets (mil): $4,143 Total Assets (mil): $2,538 Typical Net Worth (mil): $30 Typical Net Worth (mil): $10
Typical Acct Size (mil): $11 Typical Acct Size (mil): $5 Typical Acct Size (mil): $10 34. Steven Check
Typical Net Worth (mil): $20 Typical Net Worth (mil): $25 Typical Net Worth (mil): $50 20. Jeffrey 27. Kenneth Moraif Check Capital
Fratarcangeli Retirement Planners Management
2. Charles C. Zhang 8. Edward Cronin 14. Jon Jones Fratarcangeli Wealth of America Costa Mesa, Calif.
Zhang Financial Manchester Capital Brighton Jones Management Plano, Texas 2021 Rank: 51
Portage, Mich. Management Seattle Bloomfield Hills, Mich. 2021 Rank: N Client Types: Individuals,
2021 Rank: 1 Montecito, Calif. 2021 Rank: 21 2021 Rank: 28 Client Types: Individuals, HNW, UHNW
Client Types: Individuals, 2021 Rank: 10 Client Types: Individuals, Client Types: HNW, UHNW, HNW Total Assets (mil): $1,341
HNW, UHNW, Foundations Client Types: HNW, UHNW, HNW, UHNW Institutional Total Assets (mil): $3,521 Typical Acct Size (mil): $1.2
Total Assets (mil): $5,207 Foundations Total Assets (mil): $10,100 Total Assets (mil): $3,520 Typical Acct Size (mil): $1.5 Typical Net Worth (mil): $3
Typical Acct Size (mil): $3 Total Assets (mil): $3,488 Typical Acct Size (mil): $3 Typical Acct Size (mil): $8 Typical Net Worth (mil): $2.5
Typical Net Worth (mil): $5 Typical Acct Size (mil): $25 Typical Net Worth (mil): $5 Typical Net Worth (mil): $25 35. Dagny Maidman
Typical Net Worth (mil): $60 28. Jonathan Kuttin First Republic
3. Richard Saperstein 15. David Karp 21. Steven Hefter Ameriprise Financial Investment Management
Treasury Partners 9. Jon Goldstein Cresset HLM Capital Hauppauge, N.Y. Jackson, Wyo.
New York First Republic Reston, Va. Management Group 2021 Rank: 29 2021 Rank: 30
2021 Rank: 4 Investment Management 2021 Rank: 69 Highland Park, Ill. Client Types: Individuals, Client Types: HNW, UHNW,
Client Types: HNW, UHNW, Menlo Park, Calif. Client Types: HNW, UHNW 2021 Rank: 13 HNW, UHNW Foundations
Institutional 2021 Rank: 3 Total Assets (mil): $35,686 Client Types: HNW, UHNW Total Assets (mil): $7,998 Total Assets (mil): $4,460
Total Assets (mil): $19,936 Client Types: HNW, UHNW Typical Acct Size (mil): $20 Total Assets (mil): $3,800 Typical Acct Size (mil): $1 Typical Acct Size (mil): $40
Typical Acct Size (mil): $25 Total Assets (mil): $13,008 Typical Net Worth (mil): $25 Typical Acct Size (mil): $12 Typical Net Worth (mil): $5 Typical Net Worth (mil): $50
Typical Net Worth (mil): $30 Typical Acct Size (mil): $50 Typical Net Worth (mil): $30
Typical Net Worth (mil): $100 16. Charles Brighton 29. Glenn Degenaars 36. Brenna Saunders
4. Valerie Newell Brighton Jones 22. Grant Rawdin First Republic Creative Planning
Mariner Wealth Advisors 10. Robert Balentine Seattle Wescott Financial Investment Management Overland Park, Kan.
Cincinnati Balentine Advisory Group New York 2021 Rank: 31
2021 Rank: 22
2021 Rank: 11 Atlanta Client Types: Individuals, Philadelphia 2021 Rank: 42 Client Types: HNW, UHNW
Client Types: Individuals, 2021 Rank: 20 HNW, UHNW 2021 Rank: 38 Client Types: HNW, UHNW Total Assets (mil): $2,597
HNW, UHNW Client Types: HNW, UHNW, Total Assets (mil): $10,100 Client Types: Individuals, Total Assets (mil): $4,603 Typical Acct Size (mil): $25.5
Total Assets (mil): $4,477 Foundations, Institutional Typical Acct Size (mil): $3 HNW, UHNW, Foundations, Typical Acct Size (mil): $35 Typical Net Worth (mil): $100
Typical Acct Size (mil): $3 Total Assets (mil): $5,686 Typical Net Worth (mil): $5 Institutional Typical Net Worth (mil): $75
Typical Net Worth (mil): $7.5 Typical Acct Size (mil): $22.9 Total Assets (mil): $3,388 37. Salvatore Tiano
Typical Net Worth (mil): $25 17. David Kudla Typical Acct Size (mil): $8 30. David Hou First Republic
5. Randall Linde Mainstay Capital Typical Net Worth (mil): $20 Evoke Advisors Investment Management
Ameriprise Financial 11. Seth Finkel Management Los Angeles Jupiter, Fla.
Renton, Wash. Neuberger Berman Grand Blanc, Mich. 23. Stephan Cassaday 2021 Rank: 34 2021 Rank: N
2021 Rank: 19 New York 2021 Rank: 14 Cassaday & Company Client Types: HNW, UHNW Client Types: HNW, UHNW
Client Types: Individuals, 2021 Rank: 9 Client Types: Individuals, McLean, Va. Total Assets (mil): $3,673 Total Assets (mil): $2,833
HNW, UHNW Client Types: HNW, UHNW, HNW, UHNW 2021 Rank: 23 Typical Acct Size (mil): $30 Typical Acct Size (mil): $14
Total Assets (mil): $4,628 Institutional Total Assets (mil): $3,400 Client Types: Individuals, Typical Net Worth (mil): $50 Typical Net Worth (mil): $25
Typical Acct Size (mil): $1.2 Total Assets (mil): $3,252 Typical Acct Size (mil): $2 HNW, UHNW
Typical Net Worth (mil): $2.8 Typical Acct Size (mil): $7.5 Typical Net Worth (mil): $5 Total Assets (mil): $4,137 31. Holly Newman Kroft 38. Thomas
Typical Net Worth (mil): $20 Typical Acct Size (mil): $1.5 Neuberger Berman Bartholomew
6. Richard Joyner 18. Paul Tramontano Typical Net Worth (mil): $2 New York Bartholomew &
Tolleson Wealth 12. Erik Morgan First Republic 2021 Rank: 5 Company
Management Freestone Capital Investment Management 24. Thomas Salvino Client Types: HNW, UHNW, Worcester, Mass.
Dallas Management Greenwich, Conn. Performance Wealth Foundations, Institutional 2021 Rank: 78
2021 Rank: 16 Seattle 2021 Rank: 15 Hinsdale, Ill. Total Assets (mil): $3,338 Client Types: Individuals,
Client Types: HNW, UHNW 2021 Rank: 8 Client Types: HNW, UHNW, 2021 Rank: N Typical Acct Size (mil): $10 HNW, UHNW
Total Assets (mil): $7,500 Client Types: Individuals, Foundations Client Types: Individuals, Typical Net Worth (mil): $15 Total Assets (mil): $3,644
Typical Acct Size (mil): $45 HNW, UHNW Total Assets (mil): $13,008 HNW, UHNW, Foundations Typical Acct Size (mil): $3
Typical Net Worth (mil): $90 Total Assets (mil): $6,531 Typical Acct Size (mil): $40 Total Assets (mil): $2,550 Typical Net Worth (mil): $10
Typical Acct Size (mil): $4.5 Typical Net Worth (mil): $50 Typical Acct Size (mil): $10
Typical Net Worth (mil): $6 Typical Net Worth (mil): $10
N = Not ranked. HNW = High net worth; UHNW = Ultrahigh net worth. CONTINUED
September 19, 2022 BARRON’S S11

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This is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would
be illegal, nor shall there be any sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of that jurisdiction. This information should not be relied upon as research,
investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for
illustrative, educational, or informational purposes and is subject to change.

Carefully consider each Product’s investment objectives, risk factors, fees and expenses before investing. This and other information
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trademarks, service marks and headers are registered and unregistered trademarks of Grayscale Investments, LLC in the United States.
S12 BARRON’S September 19, 2022

2022 Top 100 Independent Advisors

39. David C. Wright 46. Randy Peterson 53. Andy Schwartz 60. James B. Stack 67. Charles S. Bean III 74. Robert Fragasso
Sierra Investment First Republic Bleakley Financial Group Stack Financial Heritage Financial Fragasso Financial
Management Investment Management Fairfield, N.J. Management Services Advisors
Santa Monica, Calif. San Francisco 2021 Rank: 65 Whitefish, Mont. Westwood, Mass. Pittsburgh
2021 Rank: 27 2021 Rank: 57 Client Types: Individuals, 2021 Rank: 36 2021 Rank: 59 2021 Rank: 40
Client Types: Individuals Client Types: Individuals, HNW, UHNW, Institutional Client Types: Individuals, Client Types: Individuals, Client Types: Individuals,
Total Assets (mil): $5,892 HNW, UHNW Total Assets (mil): $1,708 HNW, UHNW HNW, UHNW HNW, UHNW, Institutional
Typical Acct Size (mil): $2 Total Assets (mil): $2,708 Typical Acct Size (mil): $5 Total Assets (mil): $1,597 Total Assets (mil): $2,025 Total Assets (mil): $1,875
Typical Net Worth (mil): $4 Typical Acct Size (mil): $15 Typical Net Worth (mil): $10 Typical Acct Size (mil): $2 Typical Acct Size (mil): $2.5 Typical Acct Size (mil): $0.9
Typical Net Worth (mil): $40 Typical Net Worth (mil): $5 Typical Net Worth (mil): $4 Typical Net Worth (mil): $2
40. Ryan Swartz 54. Daniel Roe
Creative Planning 47. Alex Shahidi Budros, Ruhlin & Roe 61. Ken Steeves 68. Scott Tiras 75. Lewis Altfest
Omaha, Neb. Evoke Advisors Columbus, Ohio Creative Planning Ameriprise Financial Altfest Personal Wealth
2021 Rank: 55 Los Angeles 2021 Rank: 56 Orange, Conn. Houston Management
Client Types: Individuals, 2021 Rank: 47 Client Types: Individuals, 2021 Rank: N 2021 Rank: 63 New York
HNW, UHNW Client Types: HNW, UHNW, HNW, UHNW, Institutional Client Types: HNW, UHNW Client Types: Individuals, 2021 Rank: 53
Total Assets (mil): $3,307 Foundations, Institutional Total Assets (mil): $3,200 Total Assets (mil): $1,480 HNW, UHNW Client Types: Individuals,
Typical Acct Size (mil): $3.8 Total Assets (mil): $13,958 Typical Acct Size (mil): $4 Typical Acct Size (mil): $2.5 Total Assets (mil): $2,110 HNW, UHNW
Typical Net Worth (mil): $15 Typical Acct Size (mil): $20 Typical Net Worth (mil): $5 Typical Net Worth (mil): $25 Typical Acct Size (mil): $4 Total Assets (mil): $1,476
Typical Net Worth (mil): $25 Typical Net Worth (mil): $7 Typical Acct Size (mil): $2
41. Laila Pence 55. Molly Rothove 62. Sam Schoner Typical Net Worth (mil): $5
Pence Wealth 48. Mark Schulten Creative Planning First Republic 69. Stephen Thomas
Management TSG Wealth Management Overland Park, Kan. Investment Management Linden Thomas & 76. Van Pearcy
Newport Beach, Calif. Long Beach, Calif. 2021 Rank: 44 San Francisco Company Van Pearcy’s Wealth
2021 Rank: 32 2021 Rank: 6 Client Types: HNW, UHNW 2021 Rank: N Charlotte, N.C. Services Team |
Client Types: Individuals, Client Types: Individuals, Total Assets (mil): $2,486 Client Types: Individuals, 2021 Rank: 66 Raymond James
HNW, UHNW HNW, UHNW, Foundations, Typical Acct Size (mil): $22.2 HNW, UHNW, Institutional Client Types: Individuals, Midland, Texas
Total Assets (mil): $2,843 Endowments, Institutional Typical Net Worth (mil): $50 Total Assets (mil): $2,762 HNW, UHNW, Foundations, 2021 Rank: 67
Typical Acct Size (mil): $2.5 Total Assets (mil): $5,063 Typical Acct Size (mil): $5 Institutional Client Types: Individuals,
Typical Net Worth (mil): $5 Typical Acct Size (mil): $3 56. Michael Moeller Typical Net Worth (mil): $10 Total Assets (mil): $2,240 HNW, UHNW, Institutional
Typical Net Worth (mil): $7 Moeller Investment Typical Acct Size (mil): $3 Total Assets (mil): $1,918
42. Kimberlee Orth Group 63. Wally Obermeyer Typical Net Worth (mil): $5 Typical Acct Size (mil): $3
Ameriprise Financial 49. Jason Babb Chesterfield, Mo. Obermeyer Wood Typical Net Worth (mil): $10
Wilmington, Del. First Republic 2021 Rank: 54 Investment Counsel 70. Dane Burkholder
2021 Rank: 2 Investment Management Client Types: Individuals, Aspen, Colo. Ameriprise Financial 77. Richard Gordon
Client Types: Individuals, New York HNW, UHNW, Institutional 2021 Rank: 49 Lancaster, Pa. First Republic
HNW, UHNW 2021 Rank: 52 Total Assets (mil): $2,310 Client Types: Individuals, 2021 Rank: 84 Investment Management
Total Assets (mil): $2,265 Client Types: HNW, UHNW Typical Acct Size (mil): $3 HNW, UHNW Client Types: Individuals, San Francisco
Typical Acct Size (mil): $6.7 Total Assets (mil): $4,603 Typical Net Worth (mil): $5 Total Assets (mil): $2,010 HNW, UHNW 2021 Rank: N
Typical Net Worth (mil): $16.1 Typical Acct Size (mil): $7 Typical Acct Size (mil): $5 Total Assets (mil): $3,070 Client Types: HNW, UHNW,
Typical Net Worth (mil): $15 57. Paul West Typical Net Worth (mil): $20 Typical Acct Size (mil): $0.8 Foundations
43. Daniel Wilson Carson Wealth Typical Net Worth (mil): $3 Total Assets (mil): $2,901
Ameriprise Financial 50. Gerard Klingman Omaha, Neb. 64. Matthew Somberg Typical Acct Size (mil): $20
Auburndale, Mass. Klingman & Associates Gottfried & Somberg 71. Michael Chasnoff Typical Net Worth (mil): $50
2021 Rank: 50
2021 Rank: 41 New York Client Types: Individuals, Wealth Management Truepoint Wealth
Client Types: Individuals, 2021 Rank: N HNW, UHNW Glastonbury, Conn. Counsel 78. Lawrence Hood
HNW Client Types: HNW, UHNW Total Assets (mil): $5,121 2021 Rank: 77 Cincinnati Pacific Portfolio
Total Assets (mil): $4,195 Total Assets (mil): $3,309 Typical Acct Size (mil): $5.4 Client Types: Individuals, 2021 Rank: 64 Consulting
Typical Acct Size (mil): $0.5 Typical Acct Size (mil): $10 Typical Net Worth (mil): $24 HNW, UHNW, Foundations, Client Types: HNW, UHNW, Seattle
Typical Net Worth (mil): $5 Typical Net Worth (mil): $15 Endowments, Institutional Institutional 2021 Rank: 70
58. Joseph Jacques Total Assets (mil): $1,800 Total Assets (mil): $4,039 Client Types: Individuals,
44. Randy Carver 51. Richard S. Brown Jacques Financial Typical Acct Size (mil): $3 Typical Acct Size (mil): $5 HNW, UHNW, Institutional
Carver Financial JNBA Financial Advisors Rockville, Md. Typical Net Worth (mil): $5 Typical Net Worth (mil): $7 Total Assets (mil): $3,692
Services Bloomington, Minn. Typical Acct Size (mil): $10
2021 Rank: 60
Mentor, Ohio 65. Jordan Waxman 72. Timothy Sutton Typical Net Worth (mil): $18
2021 Rank: 45 Client Types: Individuals,
2021 Rank: 43 Client Types: Individuals, HNW Nucleus Advisors Creative Planning
Client Types: Individuals, HNW, UHNW Total Assets (mil): $1,605 New York Overland Park, Kan. 79. Patti Brennan
HNW, UHNW Total Assets (mil): $1,958 Typical Acct Size (mil): $1.3 2021 Rank: 82 2021 Rank: 97 Key Financial
Total Assets (mil): $1,999 Typical Acct Size (mil): $1.5 Typical Net Worth (mil): $3 Client Types: HNW, UHNW, Client Types: Individuals, West Chester, Pa.
Typical Acct Size (mil): $1 Typical Net Worth (mil): $2.5 Institutional HNW, UHNW 2021 Rank: 62
Typical Net Worth (mil): $2 59. Steven Levine Total Assets (mil): $2,700 Total Assets (mil): $1,356 Client Types: Individuals,
52. Jim Berliner First Republic Typical Acct Size (mil): $25 Typical Acct Size (mil): $2.5 HNW, UHNW, Institutional
45. Adam Zipper Westmount Asset Investment Management Typical Net Worth (mil): $50 Typical Net Worth (mil): $18 Total Assets (mil): $1,576
First Republic Management Los Angeles Typical Acct Size (mil): $2
Investment Management Los Angeles 66. Jessica Culpepper 73. Jeffrey Grinspoon Typical Net Worth (mil): $3
2021 Rank: 58
New York 2021 Rank: 37 Client Types: HNW, UHNW, Creative Planning VWG Wealth
2021 Rank: N Client Types: Individuals, Foundations, Endowments, Overland Park, Kan. Management
Client Types: HNW, UHNW, HNW, UHNW Institutional 2021 Rank: 83 Vienna, Va.
Institutional Total Assets (mil): $4,453 Total Assets (mil): $2,412 Client Types: HNW, UHNW 2021 Rank: 72
Total Assets (mil): $11,081 Typical Acct Size (mil): $5 Typical Acct Size (mil): $25 Total Assets (mil): $2,221 Client Types: HNW, UHNW
Typical Acct Size (mil): $10 Typical Net Worth (mil): $12 Typical Net Worth (mil): $50 Typical Acct Size (mil): $26.5 Total Assets (mil): $1,740
Typical Net Worth (mil): $60 Typical Net Worth (mil): $70 Typical Acct Size (mil): $5
N = Not ranked. HNW = High net worth; UHNW = Ultrahigh net worth.
Typical Net Worth (mil): $7 CONTINUED
September 19, 2022 BARRON’S S13

An active approach.
A wealth of experience.
A global perspective.

For more than 65 years and in various market

conditions, we have put clients first. With our
active, responsible approach and experience
across asset classes, we have weathered
uncertainty and remain focused on creating
wealth and generating income over the
long term. To choose experience, visit
FederatedHermesInc.com.

Equity | Fixed income | Liquidity | Multi-asset

Private markets | Stewardship

© 2022 Federated Hermes, Inc.

S14 BARRON’S September 19, 2022

2022 Top 100 Independent Advisors

80. Malcolm Makin 87. Colin Higgins 94. Paul Carbetta

Raymond James Summitry Ameriprise Financial
Westerly, R.I. Foster City, Calif. Powell, Ohio
2021 Rank: 68 2021 Rank: N 2021 Rank: N
Client Types: Individuals, Client Types: Individuals, Client Types: Individuals,
HNW, UHNW HNW HNW, UHNW
Total Assets (mil): $1,571 Total Assets (mil): $1,921 Total Assets (mil): $2,166
Typical Acct Size (mil): $1.5 Typical Acct Size (mil): $1.6 Typical Acct Size (mil): $0.8
Typical Net Worth (mil): $3 Typical Net Worth (mil): $10 Typical Net Worth (mil): $2.5

81. E. Geoffrey Sella 88. Laura Ward 95. Thomas Meyer

SPC Financial First Republic Meyer Capital Group
Rockville, Md. Investment Management Marlton, N.J.
2021 Rank: 76 San Francisco 2021 Rank: N
Client Types: Individuals, 2021 Rank: N Client Types: Individuals,
HNW Client Types: Individuals, HNW, UHNW
Total Assets (mil): $1,109 HNW, UHNW, Institutional Total Assets (mil): $1,437
Typical Acct Size (mil): $0.9 Total Assets (mil): $2,142 Typical Acct Size (mil): $3
Typical Net Worth (mil): $1.5 Typical Acct Size (mil): $5 Typical Net Worth (mil): $5
Typical Net Worth (mil): $10
82. Jay Beebe 96. Charlie Kelley
Creative Planning 89. Patrick Fruzzetti Compass Capital
Overland Park, Kan. Rose Advisors | Management
2021 Rank: 100 Hightower Minneapolis
Client Types: Individuals, New York 2021 Rank: 99
HNW, UHNW 2021 Rank: N Client Types: HNW, UHNW,
Total Assets (mil): $1,434 Client Types: HNW, UHNW Foundations, Institutional
Typical Acct Size (mil): $3.6 Total Assets (mil): $1,328 Total Assets (mil): $1,757
Typical Net Worth (mil): $5 Typical Acct Size (mil): $7 Typical Acct Size (mil): $6
Daiy 3X Lverae
EFs Fom d rx o
TEC TECS 83. Matthew Young
Richard C. Young & Co.
Typical Net Worth (mil): $25

90. Darrell Pennington

Typical Net Worth (mil): $10

97. Erin Scannell

Diy Diy Newport, R.I. Ameriprise Financial Ameriprise Financial
Tchnlog Tchnlog 2021 Rank: 75 Houston Mercer Island, Wash.
Client Types: Individuals, 2021 Rank: 79 2021 Rank: 71

BULL BEAR
HNW Client Types: Individuals, Client Types: Individuals,
Total Assets (mil): $1,319 HNW HNW, UHNW
Call 877-437-9363 Typical Acct Size (mil): $2 Total Assets (mil): $1,455 Total Assets (mil): $3,552
3 X SHARE 3 X SHARE Typical Net Worth (mil): $5 Typical Acct Size (mil): $1.5 Typical Acct Size (mil): $3
or go to direxion.com Typical Net Worth (mil): $2.5 Typical Net Worth (mil): $8
84. Hugh Beecher
First Republic 91. Diane Compardo 98. Andrew Vahab
An investor should carefully consider a Fund’s investment objective, risks, charges, and expenses before investing. A Investment Management Moneta First Republic
Fund’s prospectus and summary prospectus contain this and other information about the Direxion Shares. To obtain San Francisco Clayton, Mo. Investment Management
a Fund’s prospectus and summary prospectus call 866-476-7523 or visit our website at www.direxion.com. A Boca Raton, Fla.
2021 Rank: N 2021 Rank: 85
Fund’s prospectus and summary prospectus should be read carefully before investing.
Client Types: HNW, UHNW Client Types: HNW, UHNW 2021 Rank: N
Total Assets (mil): $2,901 Total Assets (mil): $2,104 Client Types: HNW, UHNW
Investing in a Direxion Shares ETF may be more volatile than investing in broadly diversified funds. The use of leverage by a
Typical Acct Size (mil): $28 Typical Acct Size (mil): $15 Total Assets (mil): $2,479
Fund increases the risk to the Fund. The Direxion Shares ETFs are not suitable for all investors and should be utilized only by
Typical Net Worth (mil): $60 Typical Net Worth (mil): $25 Typical Acct Size (mil): $12
sophisticated investors who understand leverage risk, consequences of seeking daily leveraged, or daily inverse leveraged,
Typical Net Worth (mil): $21
investment results and intend to actively monitor and manage their investment.
85. Matthew Dillig 92. Randy Garcia
The “Technology Select Sector Index” is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by The Dillig Bowen Group | The Investment Counsel 99. Michael Henley
Rafferty Asset Management, LLC (“Rafferty”). Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Hightower Company Brandywine Oak Private
Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and Northbrook, Ill. Las Vegas Wealth
these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Rafferty. Rafferty’s ETFs are not 2021 Rank: 95 2021 Rank: 91 Kennett Square, Pa.
sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and none of such parties make any Client Types: HNW, UHNW, Client Types: HNW, UHNW, 2021 Rank: 92
representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, Foundations Institutional Client Types: HNW, UHNW
or interruptions of the Technology Select Sector Index. Total Assets (mil): $1,950 Total Assets (mil): $1,532 Total Assets (mil): $1,436
Typical Acct Size (mil): $35 Typical Acct Size (mil): $5.1 Typical Acct Size (mil): $4.3
Direxion Shares Risks – An investment in each Fund involves risk, including the possible loss of principal. Each Fund is Typical Net Worth (mil): $50 Typical Net Worth (mil): $12 Typical Net Worth (mil): $5.5
non-diversified and includes risks associated with the Funds’ concentrating their investments in a particular industry, sector, or
geographic region which can result in increased volatility. The use of derivatives such as futures contracts and swaps are subject 86. Duncan Rolph 93. Dalal Salomon 100. James Meredith
to market risks that may cause their price to fluctuate over time. Risks of each Fund include Effects of Compounding and Market Miracle Mile Advisors Salomon & Ludwin Hefren-Tillotson
Volatility Risk, Leverage Risk, Market Risk, Market Disruption Risk, Aggressive Investment Techniques Risk, Counterparty Risk, Los Angeles Richmond, Va. Pittsburgh
Intra-Day Investment Risk, and risks specific to the Technology Sector. The value of stocks of information technology companies
2021 Rank: 90 2021 Rank: 86 2021 Rank: 93
and companies that rely heavily on technology is particularly vulnerable to rapid changes in technology product cycles.
Client Types: HNW, UHNW Client Types: Individuals, Client Types: Individuals,
Additional risks include, for the Direxion Daily Technology Bull 3X Shares, Daily Index Correlation/Tracking Risk and Other
Total Assets (mil): $2,455 HNW, UHNW HNW, UHNW, Institutional
Investment Companies (including ETFs) Risk, and for the Direxion Daily Technology Bear 3X Shares, Daily Inverse Index
Typical Acct Size (mil): $5.4 Total Assets (mil): $1,457 Total Assets (mil): $2,074
Correlation/Tracking Risk, and risks related to Shorting and Cash Transactions. Please see the summary and full prospectuses
Typical Net Worth (mil): $15 Typical Acct Size (mil): $3 Typical Acct Size (mil): $1.5
for a more complete description of these and other risks of each Fund.
Typical Net Worth (mil): $5 Typical Net Worth (mil): $4

Distributor: Foreside Fund Services, LLC.

N = Not ranked. HNW = High net worth; UHNW = Ultrahigh net worth.
September 19, 2022 BARRON’S S15

Investing
smarter
for the
world
you want.
At Columbia Threadneedle Investments,
we invest to make a difference in your world.

Millions of people rely on us to manage their

money and invest for their future; together they
entrust us with $598 billion. Whatever world
you want, our purpose is to help you achieve
it. We do this by being globally connected,
intense about research, having a responsible
ethos and a focus on continuous improvement.

columbiathreadneedleus.com

Source: Columbia Threadneedle Investments as of 06/30/22.

Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies.
Advisory services provided by Columbia Management Investment Advisers, LLC. All rights reserved.
© 2022 Columbia Management Investment Advisers, LLC. All rights reserved. 4860104
S16
Jason Van de Loo
Reaching the Mass Affluent
With a Full Suite of Services
Edelman Financial Engines, the country’s largest independent advisory,
emphasizes education and planning for people with $200,000 to $3 million
BY STEVE GARMHAUSEN
M
any financial-advice
firms are loath to
say anything that
might quash interest
from investors who
are wealthier than
their typical client.
Edelman Financial Engines, on the
other hand, is unambiguous about
whom it’s built to serve. “Our target
client is the mass affluent—people with
$200,000 to $2 million or $3 million,”
says Larry Raffone, president and CEO
of the Santa Clara, Calif.–based busi-
ness. “That’s our sweet spot.”
With $290 billion of client assets
under management—making it the
largest independent advisory business
in the country—it’s clear that Edelman
Financial Engines isn’t missing those
Larry Raffone
bigger clients. Speaking with Barron’s,
Raffone and wealth-planning and mar-
keting chief Jason Van de Loo explain
the firm’s unique service offering, the
many ways its 452 advisors interact
with clients, and why customers with
smaller accounts pay higher fees.
Barron’s: Your firm was created in
2018 when Edelman Financial Ser-
vices, known for providing plan-
ning and investments to affluent
investors, combined with Financial
Engines, which boasted a huge
401(k) advisory business. That has
given you a broad service offering,
correct?
Jason Van de Loo: We’re one of the
few firms that can serve a client from
their first paycheck all the way through
retirement. The platform is consistent,
and it’s one planning philosophy—it’s
BARRON’S
one estate-planning, tax, and insurance
philosophy. Our planners sit at the
middle of that value proposition and
are the quarterbacks, you might say, of
our clients’ financial lives. So clients
can be confident they’re getting the
same advice, no matter which office
they might walk into or which planner
they might work with.
What sorts of clients do you serve?
Larry Raffone: Our target client is the
mass affluent—people with $200,000
to $2 million or $3 million. That’s our
sweet spot. Do we have $25 million ac-
counts? Yes, because they like the fact
EDELMAN that we’re a fiduciary [advisors who are
FINANCIAL required by law to put their clients’
ENGINES financial interests ahead of their own],
and they like our value proposition. But
$290 B
Assets under
the reality is that our education- and
planning-first approach is for that
mass-affluent client.
management
What do you do for those clients?
1.3 M
Number of clients
Van de Loo: We believe we’ve got to
do five things really well. It starts with
the core fundamentals of a retirement
plan—making sure we are clear on the
452
Number of
client’s goals and making sure we have
a plan in place. Second, we have to get
investment management right, in align-
advisors ment with that financial plan. Third,
September 19, 2022
we need to have estate planning cor-
rect. We need to make sure an insur-
ance strategy is in place for our clients
so they can protect what they’ve
earned and prepare for any unexpected
life events. Last, we want to help our
clients minimize the tax burden of
their investment strategy and consider
their whole household strategy, as well.
How do your fees stack up against
other firms?
Van de Loo: We charge a percentage
of the assets that a client has with us.
It’s an all-in fee. And we think we’re
differentiated in how comprehensive
our value proposition is for that mass-
affluent client. We’re not charging
separately for financial planning,
we’re not nickel-and-diming our cli-
ents every time they talk with a CPA
or our estate attorneys. And as clients
have more assets managed with us,
that fee is reduced.
Raffone: The first expense tier may
feel higher, but for a million-dollar
account, I think we’re as competitive as
anybody out there. [Clients pay 1.75%
on the first $400,000 of managed
assets, 1.25% on the next $350,000,
and 1% on the next $250,000. The fee
for the next $2 million is 0.75%, and
0.6% for the $7 million after that.] But
we’re different in that we’ll also take
the $100,000 or $200,000 account.
Which investments do you use?
Raffone: For people who come to us
through the workplace, it’s everything
from pensions to collective trusts to
mutual funds. On the wealth-planning
side, we mostly use exchange-traded
funds to put together well-diversified
portfolios. We don’t offer private-eq-
Photographs, from left, by Cody O’Loughlin; courtesy Edelman Financial Engines
uity or hedge funds.
Are most client meetings face to
face or virtual?
Van de Loo: Our clients can engage
with us in whatever manner works
best for them. Typically, when they’re
deciding whether to hire us, they want
to be face to face. Once that connection
is made, we often find that clients will
interact through the mobile app, a
quick phone call, or an email. We have
many Zoom calls and we’re finding
that about three-fourths of client inter-
actions are now remote. But at the big
moments in a client’s life—if they’re
getting ready to retire, if they change
jobs, if there’s a death in the family—it
can be comforting to be face to face.
Thanks, Larry and Jason. B
September 19, 2022 BARRON’S S17

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S18
Jason Laurie and Rebekah Kohmescher
Serving the Ultrawealthy
Requires a Focus on Family
Clients of Altair Advisers don’t need to worry about running out of money.
The challenge is figuring out how best to transfer that wealth to heirs.
BY STEVE GARMHAUSEN
T
he wealth of Altair Advis-
ers’ clients is often so
great that they’ll never
need to touch most of
it—and that ultralong
investing horizon opens
up all kinds of investment
possibilities. “Most of our clients can
afford to take tons of risk, or no risk,
with a large portion of that money,”
says Altair CEO Rebekah Kohmescher.
Speaking with Barron’s, Kohme-
scher and Jason Laurie, Altair’s chief
investment officer, explain how their
20-year-old firm serves the distinct
needs of its ultrahigh-net-worth client
households. The Chicago-based firm
requires new clients to have $5 million
to invest, or an expectation that they
soon will, and it has $6.7 billion in as-
sets under management. One of the
main areas of focus for the 65-person,
BARRON’S
29-advisor team is helping clients make
good decisions ahead of the sale of a
business; another is coaching families
through the minefield of intergenera-
tional wealth transfer.
Barron’s: How are you organized to
serve each client?
Rebekah Kohmescher: Our service
model is to have a senior person and
then a supporting team—a younger
advisor and a dedicated client-opera-
tions person. The lead advisor man-
ages the relationship, delivers the in-
vestment advice and planning, and
brings education to the table. The sec-
ond advisor provides day-to-day con-
tinuity and follow-up. And the client
operations person helps facilitate the
client relationship.
Who are your typical clients?
Jason Laurie: A lot of our families
have had ownership in a business. We
ALTAIR
ADVISERS
$6.7 B
Assets under
management
365
Number of
clients
29
Number of
advisors
also have a lot of C-suite executives.
As for net worth, it’s pretty much all
over the place, but the assets that we
advise on probably average $5 million
to $25 million. Our clients’ net worths
can be multiples of that number, and
we do financial planning on the entire
balance sheet.
What’s your investing approach?
Laurie: Generally speaking, we follow
a globally diversified, balanced ap-
proach, with both value- and growth-
oriented investments. All of our cli-
ents have strategic long-term
allocations. And from time to time, we
make tactical changes or recommen-
dations at the asset-class level.
I’d imagine that your clients expect
you first and foremost to preserve
their wealth.
Laurie: Preservation is important to
clients. On the flip side, when you’re
dealing with ultrahigh-net-worth cli-
ents with multigenerational pots of
money, the advice kind of flips: It’s not
about preservation, it’s about extend-
ing net worth. The best part about my
job is that the majority of our clients’
time horizon is extremely long. In
investing, that’s a very important in-
gredient for success.
Kohmescher: It’s not really a ques-
tion of what kind of risk they need to
September 19, 2022
take to make the retirement picture
work. It’s a different kind of choice.
Firms with very wealthy clients are
expected to provide white-glove
service. Can you offer an example?
Laurie: A lot of it is around family
dynamics. You’ll often have a patriarch
or matriarch who is shifting responsi-
bility to the next generation. And the
siblings now have shared wealth and
have to navigate how they’re going to
manage it. Just like Thanksgiving din-
ner, it can sometimes get dicey. I would
say we spend almost as much time on
family dynamics as we do on the core
investments. Because if we don’t get the
structure right, the investing isn’t going
to matter.
What do you do in those situations?
Laurie: It’s family meetings, it’s inter-
viewing each of the individual family
members. It’s this long process of
building consensus. Whether you’re
talking about risk tolerance, a distri-
bution policy, preferences in the port-
folio—there’s a host of things that we
might spend a lot of time on.
What do you provide your clients
in terms of tax management?
Kohmescher: We’re not practicing
CPAs; we’re not giving tax advice. But
we’re very consultative with our cli-
ents and interactive with their outside
CPA or whoever is doing the tax work.
There are lots of opportunities that we
come across. For example, I was on a
call yesterday with a new client who is
going to sell their business in the first
quarter of next year. There’s a lot of
opportunity while it’s still privately
held to do things like give some shares
to a donor-advised fund or founda-
tion. So we can bring their accountant
in now and help them think out their
taxes proactively.
To what extent do you help busi-
ness owners navigate the sale of
their firms?
Kohmescher: We have lots of experi-
ence helping business owners who are
approaching a sale or are thinking
about it. I think there’s a tendency to
say, “I don’t have the money yet, so I
don’t need an advisor.” But we’re fo-
cused on the pathway from one side of
Photograph by Jon Wes
the sale to the other. It’s a huge period
of transition in a family’s life. And we
ourselves are entrepreneurs, so we
can understand their perspective.
Thanks, Rebekah and Jason. B
 September 19, 2022
Rick Buoncore
MAI Wants to Help Clients
With ‘Everything They Do’
This advisory offers its high-net-worth clients help with everything from
financial planning and filing tax returns to finding a doctor
BY STEVE GARMHAUSEN
M
AI Capital Manage-
ment’s advisors help
their clients with
financial planning
and investing, but
Photographs, from left, by Daniel Lozada; Katie Thompson
also advise them on
big purchases and
often help with nonfinancial matters.
“When clients have had medical is-
sues with family members, we’ve even
gotten them to the appropriate doctors
through our network of contacts,”
says Rick Buoncore, managing part-
ner of the $14.4 billion-asset firm.
Most clients have between $1 million
and $10 million in assets with the
firm.
Buoncore and Joe McLean, MAI’s
chief innovation and growth officer,
tell Barron’s that their Cleveland-based
Joe McLean
business talks to some clients weekly
or even daily, a far cry from the histor-
ical norm.
Barron’s: How did MAI start?
Rick Buoncore: We were founded
almost 50 years ago. Mark McCor-
mack was a sports agent, and his cli-
ent was the golfer Arnold Palmer.
Arnold was going to play the Masters,
and he said, “Geez, Mark, I forgot to
file my tax return.” Mark said, “Don’t
worry about that. Win the Masters; I’ll
take care of your taxes.” When Arnold
needed money managed, Mark created
an asset management operation, and
then financial planning and the whole
infrastructure of a wealth manage-
ment firm. I bought the firm in 2007,
and I really loved that the only thing
they ever thought about was taking
care of the client.
BARRON’S
Over the years, MAI has grown, in
part, by folding in other advisory
practices, which plug into your
operations, technology, and invest-
ment research. What’s the appeal
of that for those advisors?
Buoncore: They no longer have to
wear six hats in the field; they wear
one hat, and that’s taking care of the
client. We have two mandates. One is
to grow the firm to get all the econo-
mies of scale and benefits of growth.
The other is to never lose that bou-
tique feel at the client level.
Who are your typical clients, and
what services do you provide?
MAI CAPITAL Buoncore: We have about 6,000 cli-
MANAGEMENT ents. I’d say 4,000 of them have ac-
counts with between $1 million and
$14.4 B
Assets under
$2.5 million. And then we have about
100 who have $50 million and above.
The basic services are cash-flow analy-
management sis, an insurance review, an estate-
plan review, and an investment analy-
5,585
Number of clients
sis. We do 4,500 to 5,000 tax returns
a year. We obviously do lots of finan-
cial planning.
110
Number of
Once a client is established with
you, how often do they meet with
their advisor?
advisors Buoncore: Our goal is to meet every
S19
client at least four times a year, but
we are open to much more often than
that. We seek to go beyond just advis-
ing clients on their wealth, and be
involved with them in everything
they do.
Joe McLean: Historically, advisors
met with clients quarterly, and the
reason was basically because fees are
charged quarterly. So advisors had to
justify their fee, which meant that the
relationship was purely around in-
vestment performance. Clients are
seeking something completely differ-
ent now. They want to know that they
have someone in their corner who’s
independent, who’s thinking not just
about their investments, but also
about how they can spend smarter.
What is your investment approach?
Do you use alternative investments?
Buoncore: We talk about investments
last with new clients. We first have to
get to know the client and understand
their goals and their needs. Then
we’re much more prepared to build a
portfolio to meet those needs. Every
client has their own needs and risk
tolerance; every advisor has a set of
ideas to build a solution. There are
income-producing ideas, growth-ori-
ented ideas, and aggressive-growth-
oriented ideas.
We took what Arnold and Mark
built and have added things to make it
much more robust, including alterna-
tives. People hear “alternatives” and
many times they think “too risky.” We
view alternatives as a way to generate
return with less risk.
What’s your fee model?
Buoncore: Certain clients prefer an
asset-based fee. Some clients ask to
pay a retainer for certain services.
Sometimes it’s a mix of both. We do it
based on what the clients desire.
Joe, you recently joined MAI.
What are you focusing on?
McLean: I’m spending a lot of time
seeking the next generation of advi-
sors to come on to our platform, and
the next generation of clients. One
way we’re doing that is by teaching
what we call a master class in life. We
recently did this through the Univer-
sity of Arizona’s business school. The
class was for student athletes and oth-
ers and covered managing their per-
sonal and financial lives. We plan to
take that to different universities.
Thanks, Rick and Joe. B
S20 BARRON’S September 19, 2022