THE CASE FOR OFFSHORE - DRILLING STOCKS • PAGE 12

VOL. CIII NO. 26 JUNE 26, 2023 $5.00

TOP
CEOS
OF
2023
Our list of 25 leaders ready
for the future.
Why some thrive ‘forever.’
PAGES 18, 28

>
63142
C O NT EN TS
P. 18
Top CEOs of 2023:
Profiles in Prowess
From Adobe and Apple to Uber
and UPS, here are 25 leaders
whose talents have positioned
their companies for success.
By JACK HOUGH
P. 28
The Rise of the
‘Forever CEO’
The job of CEO has gotten tougher,
as evidenced by higher turnover.
Here are notable chief executives
who are bucking the trend.
By ANDY SERWER
P. 12
These Oil Stocks
Could Be Gushers
Offshore drillers such as Diamond
Offshore, Noble, Valaris, and
Seadrill could profit handsomely
as the oil industry rebounds.
By ANDREW BARY
P. 14
Belly Back Up to
Boston Beer Stock
Sagging sales of the brewer’s hard
seltzers are being offset by surging
demand for its Twisted Tea. The
Bud Light backlash offers another
reason for the stock to pop.
By NICHOLAS JASINSKI
P. 15
Another Chance to
Buy Cadre Stock
Follow-Up: Rising demand for
the company’s police gear could
boost the stock by 40% once
short-term headwinds subside.
By NICHOLAS JASINSKI
P. 16
Tether Is Minting
Money in Crypto
The stablecoin leader is thriving as
its crypto cousins struggle, in part
because it bucks the U.S. banking
and regulatory system.
By JACK DENTON
06.26.23 VOL.CIII NO.26
P. 32 P. 36
Trader: What to Buy
5 Picks From a Value Wizard on the Recent Dip
Q&A: Mark Costa, below, has helped guide Brandes International Small Cap Value to the The AI rally has only just begun.
top of its category by scooping up unloved stocks such as Rolls-Royce and Embraer. By AL ROOT
By LAUREN FOSTER
P. 39
International: India’s
Tech Ambitions
The interests of India and the U.S.
converge when it comes to China.
By CRAIG MELLOW
P. 39
Income: 3M’s Payout
Run Could Soon End
Cash preservation might take
priority over a payout hike, ending
the 121-year-old company’s long
history as a “dividend aristocrat.”
By AL ROOT
P. 40
Striking Price: The
Don’t-Miss-Out Trade
How to make money in a greedy
market while taking on less risk.
By STEVEN M. SEARS
P. 62
A Favorable Time for
Long-Term Investors
Other Voices: Higher bond yields
and attractive stock valuations
make the investing backdrop look
better than it has in decades, says
THE CASE FOR OFFSHORE - DRILLING STOCKS • PAGE 12
P. 6 P. 30 Vanguard’s chief investment officer.
VOL. CIII NO. 26
TOP
JUNE 26, 2023 $5.00
Up & Down Wall Street: Tech Trader: The By GREGORY DAVIS
CEOS
OF
2023
Our list of 25 leaders ready
for the future.
No Recession in Sight IPO Waiting Game
Barron’s Roundtable
Why some thrive ‘forever.’
An economic pullback is unlikely, Faced with a potentially slowing
PAGES 18, 28
given the massive amounts of economy, start-ups with plenty of
government cash pouring into cash have no reason to pursue an on Fox Business
Illustration by Justin Metz infrastructure and manufacturing. initial public offering now. Watch our TV show each week:
By ANDY SERWER By ERIC J. SAVITZ Fridays at 7:30 p.m. and Saturdays
and Sundays at 9:30 a.m. and
Photograph by John Francis Peters
© 2023 Dow Jones & Company,
Inc. All Rights Reserved. P. 9 P. 34 10:30 a.m. ET. This week, what
the loss of the Titanic sub means
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from sustainable certified mills.
Streetwise: Thinking Economy: How Rate for extreme tourism, and what to
BARRON’S (USPS 044-700) (ISSN
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Monday. Editorial and Publication The traditional stock/bond mix Germany’s low-unemployment
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By JACK HOUGH By BRIAN SWINT
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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 Adobe . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,25
Advanced Micro Devices . . . . . . . . . . . . . . . . . . . 23
AIB Group . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
Airbus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Albemarle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
Alibaba Group Holding . . . . . . . . . . . . . . . . . . . . 10
Alphabet . . . . . . . . . . . . . . . . . . . . . . . 20,25,26,30,36
Amazon.com . . . . . . . . . . . . . . . . . . . . 10,20,30,36,39
Anheuser-Busch InBev . . . . . . . . . . . . . . . . . . . . . 14
Apple . . . . . . . . . . . . . . . . . . . . . . . . . . . 19,20,30,36,38
B Bank of America . . . . . . . . . . . . . . . . . . . . . . . . 21,29
Berkshire Hathaway . . . . . . . . . . . . . . . . . 19,22,23
Bioventus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41
BlackRock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
Boeing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Boston Beer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
Broadcom . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
C Cadre Holdings . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
Caesars Entertainment . . . . . . . . . . . . . . . . . . . . 41
Canadian National Railway . . . . . . . . . . . . . . . . 11
Canadian Pacific Kansas City . . . . . . . . . . . . . . 11
Carlsberg . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
CarMax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42
Carnival . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
CAVA Group . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,30
C&C Group . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
Charles Schwab . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Chevron . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
Coinbase Global . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
Constellation Brands . . . . . . . . . . . . . . . . . . . . 11,14
Costco Wholesale . . . . . . . . . . . . . . . . . . . . . . . . . . 23
CSX . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
D Danaher . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
Decker Outdoor . . . . . . . . . . . . . . . . . . . . . . . . . 19,26
Deere . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25,38
Delta Air Lines . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Diamond Offshore Drilling . . . . . . . . . . . . . . . . . 12
DICE Therapeutics . . . . . . . . . . . . . . . . . . . . . . . . 42
Drax Group . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
E Eaton . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38
Embraer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
Expro Group Holdings . . . . . . . . . . . . . . . . . . . . . 41
F First Citizens Bancshares . . . . . . . . . . . . . . . . . . 22
Ford Motor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38
G Gartner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
GE HealthCare Technologies . . . . . . . . . . . . . . 21
General Electric . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
General Mills . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
GMS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41
Gulfport Energy . . . . . . . . . . . . . . . . . . . . . . . . . . . 42
H Home Depot . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
I Infosys . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
Intel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
Interfor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
J Jefferies Financial Group . . . . . . . . . . . . . . . . . . 11
Johnson Controls International . . . . . . . . . . . . 38
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Johnson Matthey . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Mercury Systems . . . . . . . . . . . . . . . . . . . . . . . . . . 41 Noble . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
JPMorgan Chase . . . . . . . . . . . . . . . . . . . . . . . . . . 21 Meta Platforms . . . . . . . . . . . . . . . . . . . . . . . . . 30,36 Norfolk Southern . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Micron Technology . . . . . . . . . . . . . . . . . . . . . . 11,39 NRG Energy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41
K Kenvue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Microsoft . . . . . . . . . . . . . . . . . . . . . . . . . . 20,25,30,36 Nvidia . . . . . . . . . . . . . . . . . . . . . . . . . . 23,30,36,38,40
Millicom International Cellular . . . . . . . . . . . . . 33
L Lazard . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Molson Coors Beverage . . . . . . . . . . . . . . . . . . . . 14
Lowe's . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19,21 Morgan Stanley . . . . . . . . . . . . . . . . . . . . . . . . . 19,21 O Occidental Petroleum . . . . . . . . . . . . . . . . . . . . 19,22
Lyft . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 Motorola Solutions . . . . . . . . . . . . . . . . . . . . . . 19,28 Oncolytics Biotech . . . . . . . . . . . . . . . . . . . . . . . . . 42
Oracle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,30
M Madrigal Pharmaceuticals . . . . . . . . . . . . . . . . . . 41 N Nasdaq . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Overstock.com . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42
Marathon Digital . . . . . . . . . . . . . . . . . . . . . . . . . . 42 NFT Gaming . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
McCormick . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Nike . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
P Paychex . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Progressive . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19,22
ProShares S&P 500 Dividend Aristocrats . . 39
Q Quanta Services . . . . . . . . . . . . . . . . . . . . . . . . . . . 38
Rupert Murdoch Executive Chairman, News Corp
Robert Thomson CEO, News Corp Almar Latour CEO, Dow Jones
R Rolls-Royce Holdings . . . . . . . . . . . . . . . . . . . . . . 32
Root . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42
SENIOR VICE PRESIDENT, BARRON’S GROUP Mae M. Cheng
ASSOCIATE PUBLISHER, BARRON’S GROUP Dan Shar
MANAGING EDITOR, BARRON’S GROUP Dave Pettit S Sarepta Therapeutics . . . . . . . . . . . . . . . . . . . . . . 42
Schlumberger . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Schneider Electric . . . . . . . . . . . . . . . . . . . . . . . . . 38
EDITOR IN CHIEF David Cho Seadrill . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
EXECUTIVE EDITOR Bob Rose SENIOR MANAGING EDITOR Lauren R. Rublin Snowflake . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
Smith & Wesson Brands . . . . . . . . . . . . . . . . . . . 42
DEPUTY EDITORS Alex Eule, Ben Levisohn SoftBank Group . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
EDITORIAL DIRECTOR, MAGAZINE Phil Roosevelt Spirit AeroSystems Holdings . . . . . . . . . . . . . . 42
MANAGING EDITORS Kristen Bellstrom, Matt Bemer, Daren Fonda, Amey Stone, Joe Woelfel
ASSISTANT MANAGING EDITORS Henry Cutter, Mel Gray, Anita Hamilton, Mary Romano, T Taiwan Semiconductor Manufacturing . . . . . . 30
Tata Consultancy Services . . . . . . . . . . . . . . . . . 39
Robert Sabat, Rupert Steiner (London bureau chief)
Technology Select Sector SPDR . . . . . . . . . . . 40
ASSOCIATE EDITORS Andrew Bary, Randall W. Forsyth, Jack Hough, Reshma Kapadia, Eric J. Savitz Tesla . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30,36,38
3M . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,39
SENIOR WRITERS Bill Alpert, Megan Cassella, Lauren Foster, Nicholas Jasinski, Tae Kim, Megan Leonhardt, Toyota Motors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38
Joe Light, Elizabeth O’Brien, Al Root, Avi Salzman, Lawrence C. Strauss Transocean . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Jacob Adelman, Janet H. Cho, Adam Clark, Emily Dattilo, Jack Denton, Catherine Dunn,
REPORTERS
Carleton English, Sabrina Escobar, Callum Keown, Evie Liu, Shaina Mishkin, Josh Nathan-Kazis, U Uber Technologies . . . . . . . . . . . . . . . . . . . . . . . . . 23
Angela Palumbo, Teresa Rivas, Connor Smith, Jacob Sonenshine, Brian Swint, Karishma Vanjani, Andrew Welsch UBS Group . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Union Pacific . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
STORY EDITORS Ed Lin, Erin McCarthy, Liz Moyer, Patrick O’Donnell, Stacy Ozol,
UniQure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42
Ross Snel, Neal Templin, J.J. Thompson United Parcel Service . . . . . . . . . . . . . . . . . . . . . . 27
COPY DESK Michael J. Burlingham, Robert Teitelman United Rentals . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38
IDEAS EDITOR Matt Peterson
V Valaris . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
DEPUTY DIGITAL MANAGING EDITOR Zoe Szathmary Virgin Galactic Holdings . . . . . . . . . . . . . . . . . . . 42
SENIOR AUDIO MANAGER Mette Lützhøft DIGITAL PRODUCERS Robert Cushing, Nick Devor, Clare McKeen
HEAD OF VISUALSChelsea Schiff W Walgreens Boots Alliance . . . . . . . . . . . . . . . . . . 11
ART DIRECTORS Lynne Carty, Nick Hallam, Sue Ng Walmart . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
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6 BARRON’S
UP & D OWN WALL STREET
Take It to the Bank:
There Won’t Be a
Recession This Year
Y
ears or maybe just
months from now,
dismal scientists and
their ilk will probably
be coming up with “un-
reasons” to explain the
great “un-recession”
of 2023.
Indulge my descent into ungram-
matical double-negativism. What I’m
doing, of course, is ridiculing the most
widely predicted economic event in
modern history—which seems pretty
certain not to happen.
In fact, I’m just going to say it:
There won’t be a recession this year.
Not with all the help-wanted signs
plastered on storefronts, and friends
telling me they can’t find people to
hire for their businesses. Not with
some 2.5 million airline passengers a
day filing through TSA checkpoints.
Not with hotel room rates up over 10%
from prepandemic levels for most ma-
jor U.S. cities. Not with the market up
14% year to date.
Look out, Ma! Here comes a white
swan! White, of course, being the
color of most swans, which speaks to
the fact that the economy most often
grows, that stocks most often go up,
and that ol’ Warren Buffett is still
right: Never bet against America. Op-
timism, it seems, is in such short sup-
ply these days that market commenta-
tor Zachary Karabell has produced a
podcast about it called What Could Go
Right? Sounds like an ideal summer
tonic for the nattering nabob crowd.
With only a week before the year
is half over, is it too early to declare all
clear for 2023? Perhaps. Some sort of
exogenous bird strike could crash the
economy. But a run-of-the-mill slide
into contraction over the next 130 or
so business days? I don’t think so.
Borrowing from Dr. Martin Luther
King Jr., it may be the case that the eco-
nomic arc of the universe is long, but it
bends toward growth. Still, there have
BY ANDY to be proximate causes keeping the
SERWER economy afloat, and by gum, it turns
out there are. Plenty of them, in fact.
The Blue Chip consensus forecast
of economists in the second quarter—
negative in early April—is now climb-
ing to 1%, while the Atlanta Fed’s GDP-
Now number is hovering around 2%.
Nothing to write home about, but
moving in the right direction.
Renewable-energy projects, like this geothermal plant in California, are key to a growing manufacturing supercycle.
Some $2 trillion in federal spending “has catalyzed
so much activity that it’s really kind of mind-
boggling,” says Deloitte’s Kevin Pollari.
The University of Michigan con-
sumer sentiment survey is up 8% in
June, “reaching its highest level in four
months, reflecting greater optimism
as inflation eased,” according to the
latest update.
Older people are spending briskly
after getting the biggest boost in Social
Security since 1981. Granted, overall
spending by consumers is selective—
restaurants, food, and travel, yes; cars
and jewelry, not so much—but that
suggests a prudent, Goldilocks mind-
set, rather than bubble bingeing,
which is a positive. (As for rich folks
loading up at dollar stores, how do
you think they got that way?)
But the most positive fact, certainly
over the longer term, is the under-
recognized $2 trillion of spending
from Washington in three bills: the
Infrastructure Investment and Jobs
Act, the Creating Helpful Incentives to
Produce Semiconductors and Science
Act, and the Inflation Reduction Act.
Although Kevin Pollari, lead of
Deloitte’s Infrastructure & Capital
Projects program for state and local
governments, cautions that some of
that money is incremental, he never-
theless is most sanguine about the
spend. “The money is huge in its im-
June 26, 2023
pact on industry and the momentum
it has created,” Pollari says. “It has
catalyzed so much activity that it’s
really kind of mind-boggling. As I go
around meeting with metropolitan
planning organizations, the amount
of projects is really, really stunning.”
(For manufacturing investment ideas,
see the Trader column on p. 36.)
Brookings is calling this “The Start
of America’s Infrastructure Decade,”
while Joe Quinlan, head of chief in-
vestment officer market strategy for
Merrill and Bank of America says
that “the U.S. is in the early stages
of a manufacturing supercycle.”
Quinlan points to endeavors in re-
newable energy, electrical vehicles
and batteries/charging stations, and
semiconductors, as well as ports,
highways, grids, and airports. He
sees the nation’s annual manufactur-
ing construction outlay soaring to
nearly $200 billion this year, up four
times from a decade ago .
Foreign companies have taken note.
Quinlan points out that there has been
a major spike of foreign direct invest-
ment into the U.S., from $150 billion
in 2020 to over $350 billion and
climbing this year, double the FDI
flowing into China.
“For foreign companies, if you want
a piece of the action, you have to be
here,” says Quinlan. “This reminds
me of the 1970s, when Japan was eat-
ing our lunch and the U.S. slapped
export restraints on Japanese cars. So,
the Japanese just hopped the barrier
and started making cars in Marysville,
Ohio [where Honda opened a plant in
1982], and other parts of the U.S. This
kind of has that same flavor to it.”
So, we’re seeing the likes of a Bel-
gian and French joint venture plan-
ning a synthetic natural-gas facility
in Texas. The British are coming, too,
including conglomerate Johnson Mat-
they (ticker: JMAT) and renewable-
energy company Drax (DRXGY), with
the CEO of the last telling the Times of
London, “If and when we become a
primarily or a majority U.S. company,
Bing Guan/Bloomberg
that’s something that might be worth
thinking about.”
An incipient exodus of capital and
companies to the U.S. has become a
concern to United Kingdom and Euro-
June 26, 2023
pean Union lawmakers, and a real boon to
the U.S., producing a multiplier effect that
was Washington’s intent all along.
All of this confounded growth has con-
founded economists. Quinlan’s colleague
Michael Gapen, chief U.S. economist at
Bank of America, recently pushed back his
call for a recession in the second half of
2023 (a downturn he thought would be
only half as severe as a typical contraction)
to an even milder slowdown coming in the
first half of 2024. In fact, he even called
it—oxymoron alert!—a “growth recession.”
Perhaps we should anticipate a “shrink-
ing expansion” in 2025.
W
ith apologies to Waylon and
Willie, Wall Street’s latest
song might well be “Mam-
mas Don’t Let Your Babies
Grow Up to Be IPO Bankers.”
Yep, the initial-public-offering business
is weak this year—in terms of star names,
number of deals, and dollar volume. You
know you’re hurting when your headliners
are CAVA Group (CAVA) and Kenvue
(KVUE)—which, to be fair, are up 78% and
21%, respectively, since their debuts—and
most of the rest are no-name beauties like
NFT Gaming (NFTG)—which, also to be
fair, is down 83%—or special purpose ac-
quisition companies, or SPACs. Those are
the highlights of the IPOs of 2023, which
so far has tallied 69 companies, down 41%
from the same point last year.
Aha, you say! That must mean 2022
was a bountiful year for IPOs, right? Not
so fast. Yes, 173 companies went public last
year, according to Dealogic, but 86 of them
were SPACs. In the wild and wacky Covid
days of 2020 and 2021, SPACs were even
more prevalent, with 248 of 457 and 613
of 1,010 IPOs, respectively, being SPACs.
This year, not only are IPOs way off, but
SPACs are, too; only 16 of 69 are SPACs.
(I’ve got nothing against SPACs per se,
but let’s face it, they’re generally—how do
I say—lower-quality operations.)
“There aren’t a whole lot of IPOs hap-
pening these days, the regular way or
SPAC,” says my go-to SPAC source, Kristi
Marvin of SPACInsider. The only part of
the business where there’s a swirl of activ-
ity, she says, is SPAC bankers changing
jobs. “The SPAC team at Credit Suisse all
moved over to [Banco] Santander,” she says.
“CS was a leader in SPACs, so the expecta-
tion is they will try and re-create the same
at Santander.” Good luck to the Spaniards.
The dollar amount of IPOs has turned
sickly, as well. Excluding the quantitative-
easing mania of 2020-21, the pinnacle year
for IPOs was 1999, when $107 billion worth
of companies went public. Since then, an-
nual dollar volume has averaged less than
BARRON’S 7
half that. Last year, total deal value (includ-
ing SPACs) totaled a mere $10 billion.
Fewer IPOs is a big reason that the pool
of stocks has been shrinking over the years.
The latest tally of U.S. public companies
now stands at 5,938, according to the World
Federation of Exchanges, down 27% from a
peak of 8,156 in 1997. Actually, the number
of public companies has climbed from a low
of 4,772 in 2013, but here again, SPACs have
Put
goosed the total. As the SPAC fad fades,
expect the number of stocks to fall.
Several factors are contributing to more
companies staying private, including fear of
regulation and more ways for private com-
pany employees to sell their stock. But the
Automation
primary reason is the vast sums of money
that have flowed into venture capital.
That affords VCs, like the bald-domed
duo of Marc Andreessen and Ben Horo-
witz, to coo in the ears of start-up CEOs
something along the lines of, “Don’t go
to Work
public. Stay private. We have all the capital
you need.” Of course, the venture boys
hope to keep the hypergrowth period of
start-ups all to themselves.
The moribund IPO market helps explain
why Adena bought Adenza. Translation:
Robotics & Artificial
Adena Freidman, CEO of Nasdaq (NDAQ),
buying Adenza, a company whose software Intelligence ETF
platforms are used by investment firms to
manage risk and by banks for regulatory
reporting. Nasdaq hopes that Adenza, Nas-
daq’s biggest deal ever, will mitigate the loss
of fees that accompanies the IPO decline.
The other factor contributing to the
shrinking number of public companies
BOTZ
comes from private-equity firms, which
have bought 371 public companies worth
$857 billion over the past decade, according
to Dealogic. What do the VC bros and PE
1 (888) 493-8631
masters of the universe deals have in com-
mon? Simple: You, Joe Q. Public, can’t invest GLOBALXETFS.COM
in them. They’re only available to “accred-
ited investors,” aka rich people. The VCs
and PE firms counter that they invest
money from pension funds, thereby provid- ®
ing access to ordinary investors, indirectly. Beyond Ordinary ETFs
Gee, thanks for the indirect bone.
And by the way, the big winners in Investing involves risk, including possible loss of principal. The Fund
these businesses are general partners, not invests in companies engaged in Information Technology, which can be
limited partners, who don’t begin each affected by rapid product obsolescence and intense industry competition.
year—as is the case for PE—with a two- BOTZ is non-diversified.
and-20-fee-structure head start.
You might have seen a story this past Carefully consider the Fund’s investment objectives, risk factors, charges
week about a hot new private company, and expenses before investing. This and additional information can be
KoBold Metals, a mining outfit that uses found in the Fund’s full or summary prospectus, which are available at
artificial intelligence to search for copper,
globalxetfs.com. Read the prospectus carefully before investing.
lithium, and cobalt used in green-energy
projects and EVs. Investors reportedly Shares of ETFs are bought and sold at market price (not NAV)
include Bill Gates, Jeff Bezos, Jack Ma, and are not individually redeemed from the Fund. Brokerage
Mary Meeker, and, of course, Andreessen commissions will reduce returns. Distributed by SEI Investments
Horowitz. Distribution Co.
I also noticed one name that isn’t on the
investor list: Yours. B
8 BARRON’S June 26, 2023

Investing in Education
Celebrates Pride 2023
The future of a more diverse generation of the financial industry
includes members of the LGBTQ+ community and its allies. It is
important to our program that everyone has a seat at the table
and that all students and faculty feel comfortable and safe being
themselves at school and work.

To help us diversify the future generation of business leaders and

sponsor a school in our program, contact: BarronsEDU@barrons.com

© 2023 Dow Jones & Company, Inc. All rights reserved. 4EIIE6101
June 26, 2023
ST R E E T W I S E
The 60/40 Asset Mix
Is Broken. One Way to
Fix It: Get Weirder
T
here are just two problems
with 60/40 investing: the
60 and the 40. Stocks are
precariously priced, and
bonds might not offer the
protection they’re sup-
posed to.
That’s according to a recent report
from Jared Woodard, head of the Re-
search Investment Committee at BofA
Securities. Investors in the most popu-
lar index funds, he argues, are likely
to be disappointed from here.
I reached out to learn more, in-
cluding whether I should just whine
and wait it out, or get off my duff and
do something.
“Diversifying away from these
broad benchmarks today is actually
your only path to getting the kinds of
returns that maybe you’re used to,”
says Woodard. “That kind of has that
feeling of like the guy in the adventure
movie who says, you know, ‘Come
with us if you wanna live.’ ”
That’s a Terminator 2 reference, I’m
pretty sure, and on the Arnold
Schwarzenegger scale of investor ac-
tion tolerance, I’m more of a Kinder-
garten Cop guy. But it had my atten-
tion.
The basic premise of 60/40 invest-
ing is that stocks, the 60%, are lucra-
tive but manic, while bonds, the 40%,
are boring but dependable. Put the two
together, and each will make up for the
faults of the other, leaving an investor
with respectable long-term returns
and bearable short-term swings.
The percentages are just a starting
point; investors who are many years
away from needing the money might
want to put more in stocks.
BARRON’S
Last year, U.S. stocks lost 18%,
which is bad, but only in a that’s-how-
it-goes way. Long Treasurys lost 31%,
which is bad in more of a someone-
call-an-exorcist way.
At year’s end, research desks de-
bated whether 60/40 was dead, but
BY JACK the timing of that question seemed off.
HOUGH Surely if it died, it did so at the start of
last year, when long bonds yielded
just 2%, and then recovered a pulse by
the end, when they paid 4%.
This year, stocks have surged and
long bonds have done OK. But Woo-
dard says that the evidence that 60/40
is broken is now stronger than ever.
Take bonds. Their reputation as a
good hedge for stock portfolios is
owed to a few recent decades of falling
interest rates and inflation. For most
rolling 24-month periods since 1945,
stocks and bonds have moved to-
gether, BofA finds.
Since 1920, a 60/40 investor has
made 8.8% a year, while an all-stock
one has made 10.3%. The lower re-
turns are worth it for the peaceful
sleep, the thinking goes, but Woodard
calls Treasuries “expensive, under-
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.
The standard portfolio mix of 60% stocks and 40%
bonds is in jeopardy. Exchange-traded funds offer
an alternate way to balance growth and yield.
whelming insurance.” For many asset
allocators, they have taken up 40% of
capital but provided just 25% of re-
turns, and now that interest rates and
inflation can no longer be counted on
to slide, things could look worse.
Bonds contributed 4.1 percentage
points of yearly returns for 60/40
investors after 1980, when they be-
came a good hedge for stocks. But
during the longer period before that,
when stocks and bonds traded to-
gether, bonds provided just 1.3 per-
centage points of return per year.
Now, stocks. Thirty years ago the
S&P 500 index was a good way to
diversify. Its stocks averaged just 10%
to 12% correlation with each other.
That’s now 50%, and at times as high
as 80%. Concentration is high, with
seven stocks contributing all of this
year’s gains. That evokes past periods
of market leadership that ended with
big downturns, like the run for the
Nifty Fifty blue chips of the 1960s and
early 1970s, and that of the dot-com
highfliers of the late 1990s.
BofA data show that there have
been six lost decades for 60/40 inves-
tors since 1900, averaging losses of
0.5% a year after inflation. Woodard
thinks we could be poised for another
one now.
The S&P 500 could be headed for a
“real painful repricing,” he says. “Why
wait for the rebalancing to happen,
whether by time, or uncomfortably by
price, when you can make some
changes to rebalance now?”
O
K, that got a little gloomy. Let’s
pause for a deep breath, a
peaceful thought, and maybe
some chin scratches—your
9
pet, not yourself, although I don’t
want to tell you how to spend your
happy time.
Woodard’s advice for fixing the
old, familiar 60/40 portfolio isn’t as
jarring as you might expect. Basi-
cally, get a little weirder. Walk into
the Star Wars cantina of oddball asset
classes and shake some hands, or
claws, or whatever. That is, buy into
less-crowded sources of yield and
growth.
You can use exchange-traded
funds. BofA recommends preferred
stocks for high, stable yields through,
for example, the Global X U.S. Pre-
ferred ETF (ticker: PFFD); municipal
bonds for relative value, as in iShares
National Muni Bond (MUB); con-
vertible bonds for growth and yield,
like in SPDR Bloomberg Convert-
ible Securities (CWB); and a smid-
gen in something short and safe, such
as Schwab Intermediate-Term U.S.
Treasury (SCHR).
For the stock side, BofA Securities
estimates that equal-weight index
funds such as the Invesco S&P 500
Equal Weight ETF (RSP) are now
priced for double the return of tradi-
tional funds that weight companies
by market value.
Other funds that track the firm’s
favored strategies and sectors include
the Vanguard Small-Cap Value
ETF (VBR), Pacer U.S. Cash Cows
100 (COWZ), Energy Select Sector
SPDR (XLE), SPDR S&P Metals &
Mining (XME), and Global X Ura-
nium (URA).
The idea, I gather, is to sprinkle
ETFs like these atop existing, plain-va-
nilla index funds. It’s worth consider-
ing, although it’s difficult to judge how
much to put in each. Also, fees on spe-
cialized funds are generally higher than
on plain ones. That COWZ one, for
example, has expenses of almost a half
point a year, whereas Vanguard S&P
500 (VOO) costs next to nothing. And
some niche funds demand a bit of on-
going attention to changing conditions,
not a set-it-and-forget-it approach.
My current allocation is 60% cheap
and 40% lazy, so I’ll have to give it
more thought. B
email jack.hough@barrons.com
10
R E VIEW
A RARE DOWN YEAR IN PHILANTHROPY
Even Giving
Fell in 2022
Last year was a relative rarity in charitable giving: a
down year. According to an annual report from the Giv-
ing USA Foundation and Indiana University’s Lilly Fam-
ily School of Philanthropy, 2022 saw nearly $500 billion
of charitable giving, a decline of 3.4% in current dollars
and 10.5% adjusted for inflation, from 2021, when the
total surpassed half a trillion dollars for the first time.
When measured in current dollars, total charitable
giving has fallen only three other times in the past four
decades—1987, 2008, and 2009—each a year of economic
or market difficulties. In 2022 there was growth in three
of the four sources of giving (foundations, bequests, and
corporations) in current dollars, but all four (including
the fourth category, individuals) declined after adjusting
for inflation. Giving by foundations and corporations,
however, posted positive two-year growth, even after ad-
justing for inflation. Individual giving has been falling as
a share of the total for several years, dropping to 64% in
2022; in 2018 it ran at 70%.
Mirroring 2021, large gifts by some of the wealthiest
Americans represented nearly 5% of individual giving
last year. Six individuals and couples accounted for a
total of $13.96 billion in gifts. The report didn’t identify
donors.
Giving increased in five of the nine categories of non-
profits that receive charitable contributions (religion,
foundations, health, international affairs, and arts/cul-
ture), although growth largely failed keep pace with 8%
inflation. In inflation-adjusted terms, seven of the nine
subsectors experienced declines. — Eric Grossman
BARRON’S
33,727.43
Dow Industrials: - 571.69
THE NUMBERS
114%
Inflation in Argentina, the fourth-
highest in the world. The value
of the peso fell 25% in April.
34.3
Weekly hours worked by private
employees in May, below the
2019 average and down from a
peak of 35 hours in January 2021.
$120 B
Short-selling losses year to
date on a trillion dollars of short
interest. The problem: the rally.
$17 B
Venture funding going to some
200 U.S. defense and aero-
space start-ups through May,
more than all of 2019.
To get Numbers by Barron’s
daily, sign up wherever
you listen to podcasts or at
Barrons.com/podcasts
507.05
Dow Global Index: - 11.83
Stocks Take a Break
The Bank of China lowered its prime
rate to 3.55%, U.K. inflation remained
stuck at 8.7%, and U.S. housing starts
soared by over 21% in May, the most
since 2016. Federal Reserve Chair Je-
rome Powell testified before Congress,
reiterating that two more rate hikes
were likely by year end. Stocks opened
the week down after Juneteenth, then
slid on weak manufacturing data. On
the week, the Dow industrials lost
1.67% to 33,728.62; the S&P 500 was
down 1.39% to 4348.41; and the Nas-
daq Composite fell 1.44% to 13492.52.
Talking China
U.S. Secretary of State Antony Blinken
met with top Chinese officials, includ-
ing President Xi Jinping, in an effort to
stabilize relations. Both the White
House and Beijing reiterated that prog-
ress had been made, though a refer-
ence by President Biden to Xi as a “dic-
tator” drew an angry response from
China. India Prime Minister Narendra
Modi visited the White House and
spoke before Congress. Tensions have
been rising between China and India.
Russia’s Wagner Problem
Wagner Group leader Yevgeny Prigo-
zhin said the Russian military at-
tacked his paramilitary force, and the
Kremlin accused him of “armed mu-
tiny.” Ukraine took more villages in
the south but advances slowed.
Search and Discovery
After a five-day search, the Coast
Guard said a submersible carrying
five imploded near the Titanic site in
the North Atlantic.
The Corporate Front
The Federal Trade Commission sued
Amazon of deceiving customers over
its popular Prime subscription pro-
gram...UBS is facing more than $400
million in penalties over Credit Suisse’s
dealings with Archegos Capital…Air-
bus received an order at the Paris Air
Show for 500 planes from India dis-
count airline IndiGo, at roughly $50
billion, one of the largest orders in his-
tory. Boeing followed with a 290-plane
order from Air India…Alibaba CEO
Daniel Zhang will step down but con-
June 26, 2023
3.74%
10-Year Treasury Note: - 0.03
HE SAID
“By increasing our
cooperation in
artificial intelligence,
semiconductors, space,
quantum, and telecom,
we are creating a strategic
and futuristic partnership.”
India Prime Minister Narendra Modi
at a White House press conference
with President Biden
tinue to run the company’s cloud-comput-
ing business. Replacing him as chairman
is Brooklyn Nets owner Joe Tsai, and as
CEO, Eddie Wu. Alibaba is splitting into
six companies…EDX Markets, a new
crypto exchange backed by Citadel Securi-
ties, Fidelity, and Charles Schwab, began
operations...3M came to a $10.3 billion
settlement over so-called forever chemi-
cals in water. 3M will pay localities for 13
years to test and clean up the chemicals.
Annals of Deal Making
SVB Financial Group said it has sold
Silicon Valley Bank’s investment bank to
a group of its own bankers led by Jeffrey
Leerink, who sold his healthcare bou-
tique to SVB for $280 million in 2019,
and backed by Baupost Group. The price:
$55 million in cash and $26 million in
Anna Moneymaker/Getty Images
debt…The Financial Times reported that
Lazard had talked with Abu Dhabi sov-
ereign-wealth fund ADQ about going
private. But both parties walked away
from the deal…Adobe’s $20 billion ac-
quisition of Figma faces a European
Union review. The deal has also run into
U.S. and U.K. regulatory issues.
June 26, 2023 BARRON’S 11

P R EV IEW Wednesday Micron Technology reports third-quarter fiscal Sign up for the Review &
2023 results. The company is expected to lose Preview daily newsletter at
$1.58 per share on sales of $3.7 billion, com-
pared with a profit of $2.59 a share on $8.6 billion of revenue a year earlier. barrons.com/reviewpreview
Yet, Micron stock is up 31% this year on hopes that demand has bottomed.

Monday 6/26 The Bureau of Economic Analysis

Carnival reports second-quarter
fiscal-2023 results.
Tuesday 6/27
Jefferies Financial Group and Wal-
greens Boots Alliance announce
earnings.
Delta Air Lines holds its 2023
investor day.
releases its third and final estimate of
gross-domestic-product growth for
the first quarter. Expectations are for
GDP to have increased at an annual
rate of 1.4%, a tenth of a percentage
point more than the BEA’s second
estimate from late May.
Friday 6/30
Constellation Brands reports first-
quarter fiscal-2024 earnings.

The Census Bureau releases the
durable goods report for May.
Economists forecast that new
PLAYING CATCH-UP orders for manufactured durable goods
declined 1% from April to $280 billion.
The BEA reports personal income
and expenditures for May. The con-
sensus call is for income to rise 0.4%
month over month, matching the
April data. Spending is seen increas-

The Case for

The Uphill Climb ing 0.3%, following a 0.8% gain in
The stocks of major rail lines have The Census Bureau reports new- April. The Federal Reserve’s favored
struggled with safety issues and soft home sales data for May. Consensus inflation gauge, the core personal-
freight volumes. estimate is for a seasonally adjusted consumption expenditures price

A Rail Revival Canadian National Railway

Canadian Pacific Kansas City
CSX
annual rate of 659,000 new single-
family homes sold, 24,000 fewer than
in April. The median sales price was
$420,800 in April, 15.3% less than the
index, is expected to increase 4.7%
year over year, unchanged from
April.
Norfolk Southern
After years outperforming the market, freight-rail stocks Union Pacific record high of nearly $500,000 from The Institute for Supply Manage-
have stalled. Norfolk Southern stock is down 10% this last October. ment releases the Chicago Business
year, compared to S&P 500’s 15% rise. Union Pacific and 20% Barometer for June. Economists
Canadian National Railway are roughly flat, while Cana- forecast a 44.2 reading, almost
dian Pacific Kansas City and CSX are up around 5%. 10 Wednesday 6/28 four points more than in May. The
A catch-up may be at hand, writes Evercore ISI analyst index has had nine consecutive read-
Jonathan Chappell. Rail stock valuations fell below 17 times 0 General Mills releases fourth-quarter ings below the expansionary level
2024 earnings—trailing the S&P 500’s 19. That compression fiscal-2023 results. of 50.
exceeds the risk of further disappointments, he says. -10
Norfolk Southern operations staggered after its East The Federal Reserve releases the
Palestine, Ohio, derailment. The railroad’s East Ohio main- -20 results of its annual stress test of the
line won’t fully reopen until midsummer. Volumes are 2023 June nation’s largest lenders. The test is a
Coming Earnings
Consensus Estimate Year ago
Source: FactSet
down. Costs are up. Chappell’s full-year forecast is $12.83 key factor in determining how much
M
in earnings, 6% below 2022. But with Norfolk stock near 16 banks can return to shareholders via
A Volume Business
Carnival (Q2) $-0.34 $-1.64
times his 2024 forecast of $13.73 a share, he rates the stock buybacks and dividends as it sets
T
shares at Outperform, with a target price of $247 from U.S. rail freight volumes fluctuate for a the capital cushion that banks must Walgreens Boots Alliance (Q3) 1.09 0.96
$220. It’s his top pick. He’s not alone. Wells Fargo analyst variety of reasons, including pandemic maintain to withstand a series of mar- More Earnings on Page 59
Allison Poliniak-Cusic also raised her target to $250. supply-chain issues and postpandemic ket and economic shocks. Banks with
Volumes at other rails have also disappointed. But while economic uncertainties. $100 billion or more in assets are sub- Consensus Estimate
trimming forecasts, Chappell has Outperform ratings on the ject to the stress test, with larger banks Day Consensus Est Last Period
stocks. He thinks CSX can rise to $36 from $33 on rising 3 billion tons per kilometer required to participate annually, and T April Durable Orders -1.0% 1.1%
freight volumes. In the June quarter, CP began integrating its banks with $100 to $250 billion in June Consumer Confidence 103.8 102.3
May New Home Sales 660,000 683,000
Kansas City Southern acquisition. As analysts get a sense of 2 assets required to participate every W May Wholesale Inventories -0.10% -0.10%
cost savings, Chappell sees the stock rising to $84 from $78. other year. TH Q1 GDP 1.3% 1.3%
UP needs a new CEO and is working to improve service and F May Personal Income 0.40% 0.40%
1
volumes; that could lift the stock to $228 from $202. June Michigan Sentiment 63.8 63.9

Even the regulatory threat may be fading, he notes. After Thursday 6/29 Unless otherwise indicated, times are Eastern. a-Advanced;
f-Final; p-Preliminary; r-Revised Source: FactSet
Norfolk’s derailment, the industry braced for expensive new 0 For more information about coming economic reports
- and what they mean - go to Barron’s free Economic
safety legislation. But despite bipartisan support, legislation 2012 '15 '20 McCormick, Nike, and Paychex host Calendar at www.barrons.com
never got to the Senate floor. — Bill Alpert Source: Statista conference calls to discuss earnings.
 12
Rich Prospects for
Offshore Drillers
The industry looks set for a major rebound as the oil age thunders on.
Some stocks could jump 50% or more.
BY ANDREW BARY
O
ffshore oil drillers
were about the
worst place to be
in 2020 as oil
prices were fall-
ing and demand
for crude seemed
to be seeping away. Now, the stocks
may be the ones to own as investors
realize that oil will be needed to make
the world go around for decades.
Make no mistake, it was a historic
downturn for providers of offshore
rigs over the past few years. Oil prices
tumbled during the pandemic lock-
downs as driving nearly ceased, while
the pivot toward renewable energy
caused big oil companies to reduce
their spending on drilling in hard-to-
Dado Galdieri/Bloomberg
reach locales. Rigs were taken out of
commission as they became too costly
to operate profitably, but it wasn’t
enough. Many of the offshore drillers
eventually filed for bankruptcy in 2021
and 2022, wiping out investors who
had bought shares as a value play.
What a difference 12 months
makes. The drilling companies, in-
cluding Noble (ticker: NE), Valaris
(VAL), and Seadrill (SDRL), emerged
from bankruptcy in strong financial
shape and are poised to thrive as ma-
jor energy companies ramp up their
offshore spending.
The stocks are down from early-
year highs as oil prices have fallen to
under $70 a barrel from the low $80s.
The drop in crude, however, isn’t ex-
pected to dampen the industry’s ambi-
tious offshore investment plans. Off-
shore drillers are benefiting as they
get higher leasing rates for their rigs,
which portend better earnings in
the coming years.
Most of the operators have little or
no net debt after restructuring their
balance sheets in bankruptcy. And
while none of the companies pays a
dividend, some companies are initiat-
ing or expanding buyback programs,
and payouts could be reinstated as
free cash flow grows sharply in the
BARRON’S
coming years. With the risks to
investors reduced, the stocks look
like a buy.
“We are in the second year of
what we view as a minimum of a five-
year…investment growth cycle,” says
David Anderson, a Barclays analyst,
who views the offshore drillers as the
most attractive area of the energy
service sector.
The offshore industry is a concen-
trated niche led by Noble, Trans-
ocean (RIG), Valaris, Seadrill, and
Diamond Offshore Drilling (DO),
and their rigs are increasingly in de-
mand. Global oil production is now
running at about 100 million barrels
a day, and isn’t likely to change much
over the coming decade.
Offshore fields are critical to main-
taining the pace. While an onshore well
that uses hydraulic fracturing, or frack-
ing, can produce 1,000 barrels of oil a
day, offshore fields like one off the coast
of Guyana in South America can hold
billions of barrels of crude, and indi-
vidual wells can produce 20,000 bar-
rels of oil a day, according to Evercore
ISI analyst James West. The annual
rate of production declines for offshore
wells are typically in the single digits,
versus 50% or more for the first year
for fracked wells in the U.S.
Despite being hounded by climate
activists, European majors like Shell
and BP have pivoted back to oil
and pleased their investors after de-
emphasizing investments in renew-
Valaris is poised able energy.
to thrive as major
energy companies “There’s a realization that the oil
ramp up their off- age will last longer than many prognos-
shore spending.
Above, the Valaris
ticators have suggested,” says West.
DS-17 drillship in “The major energy companies recog-
Brazil. nize they need baseload oil production,
and they need offshore for that.”
J
ust follow the money. Oil-service
industry leader SLB (SLB), for-
merly known as Schlumberger,
highlighted the offshore opportu-
nity this past week, projecting
that major oil companies would
Deep Value
Offshore drillers might be best positioned to take advantage of long-term demand for oil.
Recent YTD Mkt Val
Company / Ticker Price Change (bil)
Diamond Offshore Drilling / DO $12.61 21.3% $1.3
Noble / NE 38.15 1.2 5.3
Seadrill / SDRL 38.89 19.2 3.1
Transocean / RIG 6.17 35.3 4.7
Valaris / VAL 57.88 -14.4 4.4
E=estimate; N/A=not applicable; *Valaris has net cash of $280 million
June 26, 2023
commit up to $500 billion in new
projects from 2022 through 2025. And
for good reason—SLB noted that 85%
of offshore fields are profitable even if
oil prices drop to $50 a barrel.
There are two main types of rigs:
jackups, which operate in shallow
water of 500 feet or less, and deep-
water rigs, either ships or floating
platforms that can operate in 10,000
feet of water, with reservoirs often
several miles below the seafloor. The
latter command the highest rates, and
they are the ones owned and operated
by the public offshore drillers.
There are now 100 to 150 deep-
water rigs operating in such places as
the Gulf of Mexico, the North Sea, and
Guyana. Day rates on these rigs bot-
tomed at about $125,000 a day at the
height of the Covid crisis in May 2020
and now are approaching $500,000
a day. With the rigs’ operating costs
generally below $150,000 a day, cur-
rent contracts are highly profitable.
Not all of that is flowing through
to the drillers just yet. Current earn-
ings are depressed because of older
contracts carrying lower leasing
rates, but profits are expected to
ramp up sharply in 2024 through
2026 as a result of higher rates on
more recent contracts.
The bankruptcies, consolidation,
and tight supply also have produced
more pricing discipline. And there is
virtually no new construction of rigs,
which can cost nearly $1 billion each.
That should keep the most desirable
rigs in short supply, and limit over-
spending by the offshore drillers.
Earnings at Noble, for instance, are
expected to more than double, to nearly
$6 a share in 2024 from $2.45 this year,
and head even higher in 2025.
Noble is a favorite of Barclays’ An-
derson, who says it has an “enormous
recontracting opportunity” in the next
two years, a clean balance sheet, and a
buyback program under way. In May,
Noble inked a 2.5-year contract with
Petrobras, the Brazilian oil company,
2023E 2023E 2024E Net Debt
EPS P/E P/E (mil)
$0.15 84.1 8.7 $327
2.45 15.5 6.9 335
3.27 11.9 8.6 68
-$0.63 N/A 14.7 6,878
1.50 38.6 8.4 -280*
Sources: Bloomberg; company reports
 June 26, 2023
Transocean is the offshore industry leader. Above, its John Shaw platform in the U.K.
for a floating rig at $490,000 a day, a
new high for the current cycle. Ander-
son has a $56 price target on Noble, up
more than 50% from Friday’s close of
$35.62. At 9.1 times 12-month forward
earnings, it’s slightly more expensive
than other drillers, but also slightly
higher quality.
Valaris stock has lagged behind
peers in 2023 because it agreed to
lease a group of rigs in the past year
or so at what are now below-market
rates, which means its re-contracting
opportunity will take longer to play
out. Valaris has an attractive rig joint
venture with Saudi Aramco, the state-
controlled Saudi oil giant, that could
be taken public in the coming years.
“Valaris is well positioned with a high
quality deepwater fleet with a handful
of rigs being reactivated,” says West.
He also likes the Saudi joint venture
and has an Outperform rating and
$86 price target on Valaris stock,
which closed on Friday at $56.56.
D
iamond Offshore has the
smallest market value of the
main offshore drillers, and
fewer high-quality assets, but
they include four “seventh-generation
drillships,” the latest models. Dia-
mond, which trades at nine times pro-
jected 2024 earnings, is another An-
derson pick, in part because its small
size could make it a consolidation
target. He has a $20 price target, up
Matthew Lloyd/Bloomberg
more than 60% from a recent $12.37.
Seadrill, meanwhile, has been a
consolidator, and could benefit from a
$1 billion merger earlier this year with
the privately held Aquadrill that re-
sulted in what the company called
a “best in class” fleet, with seven
BARRON’S 13
POCKET
MONEY
GET ALL THE
seventh-generation drillships. With
low-price legacy contracts expiring,
Seadrill’s earnings could ramp up in
TOOLS, INSIGHTS
the years ahead. At $38, it trades for
eight times projected 2024 earnings. AND EXCLUSIVE
Transocean is the riskiest of the
drillers—but may also have the most
reward. It is the industry leader, with
CONTENT WITH THE
the most operational deepwater rigs,
while owning the most that have been MARKETWATCH APP.
mothballed and could be returned to
market.
The company has considerable debt
of $7 billion against a market value of
$4 billion. It is the only major rig op-
erator to have avoided bankruptcy.
The debt means higher risk for Trans-
ocean stock, which trades around $6,
or 15 times projected 2024 earnings.
But paying it down could push equity
prices higher as ownership passes
from bondholders to stockholders.
N
SCE A
The company could be “one of the
greatest deleveraging stories” in en-
E
ergy in the coming years, with poten-
CO D
TH
GHEEATPP
tial annual free cash flow of $1 billion
in 2024 through 2026, Anderson says.
Ultimately, its equity amounts to a
turbocharged play on an industry re-
vival, and investors can also buy its
debt, like the 6.8% bonds due in 2038, T
now yielding about 11%.
The risks to these companies are
real. They include the finite life of the
rigs, which should run another 20 to
25 years or so, but could be cut short
by the energy transition, and the com-
panies’ linkage with oil prices, which
are likely to be volatile. But it’s dawn-
ing on the world that oil will be a key
energy source for decades. The con-
solidated, financially disciplined rig @2022 DOW JONES & COMPANY,INC.
ALL RIGHTS RESERVED. 4E6054
industry could be one of the best ways
to play that longevity. B
14 BARRON’S June 26, 2023
S I Z I N G U P S M A LL- CA P S

Boston Beer
and gross margins improving, we be-
lieve focus will return to the aspects of
the portfolio that are growing
(Twisted Tea),” writes Roth MKM’s

Is a Buy as Bill Kirk, who recently upgraded the

stock to Buy, from Neutral, and lifted
his price target to $386, from $274.

Twisted Tea The company is also doing what it

can to right-size following the Truly
boom and bust. Boston Beer is cutting

Comes of Age
overhead, saving on raw materials,
and investing in greater automation in
its brewing and packing processes,
which should help improve profit
margins. New machinery in its Penn-
sylvania and Ohio breweries to box
First launched in 2001, the malt- multiflavor variety packs will save
based hard tea is finally seeing its “multiple dollars” per case versus do-
sales take off—just in time to make ing it by hand, Burwick says. The
company just hired a chief supply
up for losses in hard seltzer chain officer from Carlsberg
(CABGY), where he oversaw a much
larger brewing operation. Manage-
ment has a target of a 50% gross mar-
BY NICHOLAS JASINSKI gin in three to five years, versus 2022’s

T
he hard-seltzer boom has
fizzled, but don’t count out
Boston Beer just yet. The
beaten-up stock looks
ready to get off the mat this
summer.
Boston Beer (ticker:
SAM) was founded in 1984 by Jim
Koch, who remains its chairman and
controlling shareholder. Despite its
name, the company today is more of a
bet on the growth of the “beyond
beer” category of alcoholic beverages,
which includes hard seltzers, canned
cocktails, hard cider, and flavored
malt beverages.
Over the years, Boston Beer has
developed a record of being an early
entrant to emerging alcoholic beverage
categories. Its flagship Samuel Adams
Boston Lager helped ignite the craft
beer revolution, Angry Orchard
quickly became the U.S.’s top-selling
hard-cider brand, and Truly came to
market well ahead of hard-seltzer of-
ferings from brewers such as An-
heuser-Busch InBev (BUD) and
Constellation Brands (STZ).
Truly, though, has gone from being
the life of the party to a heck of a
Boston Beer was left with unsold per-
ishable inventory. The company esti-
mates that hard-seltzer volumes will
be down by midteens percent this
year.
But Boston Beer can still be the big
fish in the smaller beyond-beer pond.
AB InBev and Molson Coors Bever-
age (TAP) control more than 75% of
U.S. beer sales, where Boston Beer has
a market share of around 5%. In be-
yond beer—which is about one-fifth of
beer volume—Boston Beer’s share is
around 25%. More than 84% of the
company’s volume in 2022 came from
that category, with Truly making up
the largest share.
This may be the year of Twisted
Tea, which exemplifies Boston Beer’s
culture of innovation and taking the
long view, says CEO Dave Burwick.
First launched in 2001, the malt-
based hard tea has grown sales every
year before taking off over the past
year. That’s a function of new flavors,
years ago, instead of allowed to grow
for two decades before becoming a
mainstream hit, Burwick says. By
growing at a 30% clip, Twisted Tea is
offsetting Truly’s declining volumes.
Should hard-seltzer sales stabilize,
investors may come to better appreci-
ate Boston Beer’s latest hit beverage
and reward its stock. There is oppor-
tunity in Bud Light’s recent troubles,
should light-beer drinkers gravitate
more to hard seltzers this summer.
“With the prospect of Truly stabi-
lizing (thanks to Bud Light share loss)
Boston Beer
Craft Brewery
Headquarters: (SAM / NYSE)
Boston
$1,500
Recent Price: $312.70
52-Wk Change: -5.2% 1,250
Market Value (bil): $3.8 1,000
2024E Sales (bil): $2.1
750
41%.
Wall Street is optimistic. Analysts
expect Boston Beer’s earnings to grow
by 35% in 2023, to $7.32 a share, de-
spite a decline in revenue, which is
expected to drop 3% to about $2 bil-
lion. A few years out, in 2026, ana-
lysts see earnings reaching $15.11 per
share, close to the 2020 record.
To be sure, Boston Beer is now a
show-me story after a tough couple of
years. Barron’s thought the worst was
over when we recommended buying
the stock in February 2022, but inves-
tors who bought in then caught a fall-
ing knife: The stock dropped another
25% during the next four months,
before rebounding to beat the market
by about three percentage points in
the year after our pick. There’s now
plenty of negativity in the consensus—
meaning the snapback could be pow-
erful. At a recent $312, shares trade for
around 36 times forward earnings,
close to their average over the past five
years.
There’s also underappreciated de-
fensive potential in Boston Beer stock,
which likely has a floor under it as an
attractive acquisition target for the
industry’s heavyweights. The com-

Courtesy Truly Hard Seltzer

hangover. It was a massive hit during
the Covid-19 pandemic, helping to
send Boston Beer’s earnings soaring
70%, to $15.53 per share, in 2020.
Management expected earnings of $22
to $26 in 2021, but made just $1.17 as
hard-seltzer sales disappointed and
greater distribution in new states, and 2024E Net Income pany has net cash on its balance sheet.
more attention from retailers. Boston (mil): $126 500 And alcohol sales have historically
Beer estimates that stores will devote 2024E EPS: $10.38 250 held up just fine during recessions.
45% more shelf space to Twisted Tea The hard-seltzer bubble may have
2024E P/E: 30.1 0
this year. gone flat, but Boston Beer’s fridge re-
A similar product at a larger beer Dividend: None 2021 '23 mains well stocked. It’s time to buy
conglomerate might have been axed E=estimate Sources: Bloomberg; FactSet the stock again. B
June 26, 2023 BARRON’S 15

FOLLOW-UP
For all the talk about “defunding” the police, de-
partments nationwide are adding officers. That
means more demand for the gear that Cadre sells.

Cadre Stock Is Weak. Its

secondary offering at $23.50 sent the of “defunding” the police, funding is up
stock falling to around $19. nationwide and departments are add-
Barron’s recommended buying then, ing officers. That means more demand
and shares rose 60%, to the low $30s for what Cadre sells—the average po-

Fundamentals Aren’t. this past November. They’ve since de-

clined to around $21, including an 11%
one-day drop earlier this month on the
announcement of another follow-on
offering, this time at $19 per share.
Short-term technical factors have weakened the shares of this leading Cadre’s secondary offering last year
supplier of police gear. But that’s a buying opportunity. included 2.6 million shares sold by the
company, bringing in some $54 million.
This month, Chairman and CEO War-
BY NICHOLAS JASINSKI nical factors present a buying oppor- ren Kanders sold another 1.7 million
tunity. One factor behind the stock’s shares. Cadre didn’t receive proceeds
lice officer has some $1,800 in gear.
Cadre says that 80% of sales come
from products with five-to-10 year re-
placement cycles—and with low eco-
nomic sensitivity, given its customer
base. The company has relationships
with 23,000 federal agencies and pub-
lic safety departments and a history of
acquiring makers of complementary
products.
Management guidance calls for sales

C
adre Holdings is a leading
supplier of the gear used by
police officers and public safety
professionals, including bullet-
proof vests, radios, handcuffs, and
holsters. Business is good, but Cadre
shares have been on a losing streak.
That could change.
For the second time in a year, tech-
recent weakness is a secondary offer- from that offering, and there’s no dilu- to be up as much as 8% this year, while
ing that increased the supply of shares tion to shareholders. “This sale...was analysts expect net income to increase
actively trading—a short-term head- made for personal financial diversifica- fourfold. Net debt is down to $98 mil-
wind that doesn’t reflect on the busi- tion reasons,” said Kanders, who now lion, from $160 million a year ago, giv-
ness’ fundamentals. owns 37% of shares. “I have absolute ing Cadre more ammo to pursue acqui-
Cadre (ticker: CDRE) went public at confidence in Cadre’s prospects and do sitions after sitting out the past year.
$13 a share in late 2021. Shares rallied not plan on any future sales.” Analysts’ average price target is $30,
as high as $28 last June after two acqui- Meanwhile, there are structural up 43% from current levels. The stock
sitions and three solid quarters. The trends in Cadre’s favor: For all the talk carries a dividend yield of 1.5%. B

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16
Crypto’s $83 Billion
Rebel Is Crushing It
Tether’s “stablecoin” could rake in $6 billion of profits this year.
Following standard corporate rules isn’t part of its plan.
BY JACK DENTON
H
ow do you make $6 billion
a year in crypto? Trading
Bitcoin could work, but
it’s dicey. A better way:
Take people’s cash, stash
it in reserves such as
Treasuries, and sit back
while the money earns a cool 5%.
The company adopting that play-
book is Tether Holdings, issuer of the
largest “stablecoin” on the market.
Stablecoins are like crypto cash; they
typically hold a $1 price, backed 1-to-1
by reserves. Tether is now the king,
with $83 billion in deposits.
While rising rates have depressed
Bitcoin and crypto broadly, they have
turned Tether into perhaps the world’s
most profitable digital asset. Its corpo-
rate parent says its excess reserves hit
an all-time high of $2.44 billion in the
first quarter, including a $1.48 billion
BARRON’S
net profit. Tether says that most of its
reserves are in U.S. Treasury bills,
whose yields have surged to about 5%.
The company doesn’t break out the
source of its profits, and its asset prices
could fall, blowing a hole in earnings.
At its latest rate, however, Tether could
pull in nearly $6 billion this year.
The profits make it a financial giant,
and not just in crypto. The firm could
earn more than BlackRock (ticker:
BLK) this year, forecast to report $5.5
billion of net income. And Tether Hold-
ings should be far more profitable than
Coinbase Global (COIN), the crypto
exchange that has racked up billions
of dollars in losses and is expected to
post a $564 million loss in 2023.
Yet Tether’s success seems possible
only in the opaque, alternative universe
of digital assets. And it illustrates a
crypto Catch-22: The more companies
try to play by traditional finance rules,
the more they may lose out.
For a while, Tether went head-to-
head with USDC, a stablecoin issued
by Circle Internet Financial, with sup-
porters including Coinbase and Black-
Rock. Tether, operating offshore, long
had a reputation for being less trans-
parent, while USDC wove itself into the
U.S. banking and financial system. The
bet by USDC’s backers: It would be the
trusted and more successful stablecoin.
Yet the crypto crash only acceler-
ated Tether’s rise. Major “algorithmic”
stablecoins like Terra went bust last
year. And Tether put more distance
between itself and USDC, which has
dropped to $28 billion in coin issu-
ance from $44 billion in March.
USDC now looks less competitive.
Circle sought to portray itself as a
model crypto citizen, with more ties to
U.S. financial firms—even keeping $25
billion of reserves in a money-market
fund run by BlackRock. Circle also
tried to go public and filed audited fi-
nancial statements, though the Securi-
ties and Exchange Commission didn’t
approve the application.
Yet USDC’s reputation for stability
suffered in March when banks that
held some of its reserves, including
Silicon Valley Bank, failed. USDC
slipped to 88 cents, and Coinbase
paused redemptions briefly, before the
government stepped in with bank bail-
outs. Circle said that its coin remained
fully collateralized and that it pro-
cessed minting and redemption re-
quests on the Monday morning after
the weekend panic over SVB. Its token
has since held its peg at $1.
The episode highlighted the draw-
backs for crypto companies of being
tied to the U.S.—the world’s largest
capital market but one where crypto is
in the crosshairs of regulators, includ-
ing recent SEC actions against Binance
and Coinbase. “In this climate, where
the U.S. is now very antagonistic to
crypto, being a U.S.-based entity isn’t
seen as something that will be safe,”
says Stephane Ouellette, CEO of FRNT
Financial, a crypto platform based in
Toronto.
How Tether Vaulted Ahead
Like banks that issued their own cur-
rencies in the 1800s, crypto companies
crank out stablecoins pegged to tradi-
tional currencies, gold, or other assets.
Stablecoins form the bedrock of crypto
activity, helping traders get dollar li-
quidity on and off exchanges and
put up collateral for loans.
Tether is now inextricably woven
into the crypto ecosystem. Through
June 26, 2023
widespread use, it is the third-largest
digital asset by market capitalization,
after Bitcoin and Ether, with daily vol-
umes that are often double or triple
that of Bitcoin.
Tether built its $83 billion asset base
in a few key ways. It was the first ma-
jor stablecoin on the market, in 2014,
and it has long been associated with
Bitcoin, riding that token’s rise. “They
basically invented stablecoins, and
they’re the default option for liquidity,”
says Ouellette, whose firm offers
Tether derivatives to institutional in-
vestors. The coin trades against every
major token on exchanges, and it’s used
for lending in “smart contracts” or buy-
ing Bitcoin on margin, with Tether as
the collateral.
Tether has broken its peg on
exchanges during periods of extreme
volatility. But it has survived as Bitcoin
and other tokens crashed and huge
crypto players like FTX collapsed.
One of its strengths, ironic in decen-
tralized crypto networks, is that Tether
relies on trading firms, including mar-
ket makers, to help maintain the to-
ken’s peg. These firms can redeem
coins directly with the company and
quickly arbitrage away price discrep-
ancies when the token slips below a
dollar on exchanges. “We have done
minting and redeeming when we’ve
needed to,” says Michael Safai, co-
founder of Dexterity Capital, a firm
that swings into action a few times
a year in a Tether arbitrage trade.
With corporate entities in Hong
Kong and the British Virgin Islands,
Tether looks nothing like a regulated
U.S. bank or publicly traded company.
Its ownership structure remains a
tangle of opaque offshore subsidiaries.
There is overlap in Tether’s ownership
Crypto Cash King
Tether extended its lead in stablecoins
as USD Coin waned.
Market Value
Tether USD Coin
$100 billion
75
Illustration by Claire Merchlinsky
50
25
0
Jan Feb March April May June
Note: June data through the 20th
Source: CoinMarketCap
June 26, 2023
with the Bitfinex exchange, an offshore
crypto brokerage run by Tether CEO
Jean-Louis van der Velde and other
senior executives. Bitfinex and Tether
are owned by iFinex, a company regis-
tered in the British Virgin Islands.
Tether has had run-ins with regula-
tors. The group settled charges in 2021
with the New York state attorney gen-
eral over an undisclosed loan to Bit-
finex, and paid a fine to the Commodity
Futures Trading Commission over
allegations that it broke U.S. laws
over reserves and disclosure prac-
tices. Tether didn’t admit wrongdoing
in the New York case and said the
CFTC found no evidence that its coins
weren’t fully backed at all times.
The episodes pushed Tether to be
more transparent. In its settlement
with New York state, Tether agreed
to disclose more information about its
reserves. The firm now releases quar-
terly “assurance” reports from ac-
counting firm BDO Italia. Tether
declined an interview request. The
company said in a statement to Barron’s
that it “is committed to continue being
a transparency leader in crypto.”
Still, Tether doesn’t come close to
the many disclosures of public compa-
nies. “It’s astounding how sketchy they
are in terms of details,” says Eswar
Prasad, a Cornell University economist
and expert on digital money. “They
wouldn’t pass formal auditing and ac-
counting standards, but the remark-
able thing is that the market seems to
take them mostly at face value.”
One nagging concern: whether
Tether has enough high-quality, liquid
assets to handle a run on its coins. The
company has sold its commercial paper
and added more Treasuries to its re-
serves. But it still keeps about 15% of
its assets in noncash holdings, includ-
ing Bitcoin, precious metals, secured
loans, and “other investments,” accord-
ing to its latest report. “The truth is
that Tether maintains a robust, cau-
tious, and liquid portfolio, prioritizing
the safeguarding of its reserves,” says
Tether’s spokesperson.
Circle has tried to distance itself
from Tether by working within the U.S.
banking and regulatory system. Based
in Boston, Circle is regulated by states
as a licensed money transmitter. An
independent auditor, Deloitte, vouches
for its reserves. Circle even worked its
way into the World Economic Forum
at Davos as a “partner” company. The
attitude at Circle is that it isn’t in com-
petition with Tether and that inflows
to Tether represent “crypto serving
BARRON’S 17
crypto,” according to a person familiar
with the matter.
Yet Circle’s ties to the U.S. may be
holding it back. “It is an unfortunate
paradox that U.S. regulators’ hostility
toward stablecoins has ended up hurt-
ing the one stablecoin that seems more
Puzzled.
willing to play by the rules, and bene-
fited the stablecoin that has chosen to
ignore them,” says Prasad.
Crypto participants say they remain
confident in Tether. Safai says Tether’s
lack of transparency would “be a non-
Look.
starter” in traditional finance, but in
crypto, “that weakness has been what
has made them strong.”
In the absence of real competition,
the greatest risk to Tether remains reg-
ulation. The European Union this year
passed legislation for stablecoin issu-
ers, aiming to limit the use of non-euro
backed coins, among other measures.
Your morning ritual
The Biden administration has made
clear that it wants stablecoin issuers to just got better.
be regulated similarly to banks. A draft
bill in the House of Representatives Introducing Barron's
would be a step in that direction, with
rules for reserves, redemptions, and covers jigsaws, sudoku
registration of issuers—including those
outside the U.S. and crossword puzzles.
Tether’s legal troubles aren’t over.
The group is locked in a lawsuit in the
United Kingdom with the issuer of
barrons.com/puzzles
Poundtoken, which alleges that Tether
infringed on its intellectual property by
trying to launch a token with the same
name—GBPT. Tether is countersuing.
Both parties declined to comment.
For now, Tether is such a money-
maker that it’s expanding beyond sta-
blecoins. The firm said in May that it
would begin allocating up to 15% of net
operating profit toward purchasing
Bitcoin, of which it already holds some
$1.5 billion. That puts one of crypto’s
most important players on track to be
one of its biggest investors. Tether is
also moving into Bitcoin mining, or
processing transactions for fees,
investing in facilities in Uruguay.
Tether still has detractors who think
it’s a matter of time before the token
breaks down. Traders often attack it,
trying to force the coin to break the
buck—to capitalize on short positions
or a broader downturn in crypto that
Tether’s demise could trigger. In one
such attack last week, Tether fell just
below $0.999, but rebounded within
a few hours. Paolo Ardoino, Tether’s
chief technology officer, said on Twitter
that it was “easy for attackers” to capi-
talize on an edgy market. He also
© 2022 Dow Jones & Company, Inc. All rights reserved. 4E6061
issued a challenge: “Let them come.
We’re ready to redeem any amount.” B
18 BARRON’S June 26, 2023

Greg Brown Marvin Ellison W. Craig Jelinek Satya Nadella

Warren Buffett James Gorman Dara Khosrowshahi Shantanu Narayen
Safra Catz Tricia Griffith Ramon Laguarta Brian Niccol
Tim Cook Gene Hall Kent Masters Sundar Pichai
H. Lawrence Culp Jr. Frank B. Holding Jr. John C. May Dave Powers
Jamie Dimon Vicki Hollub Dave Ricks
Jensen Huang Carol Tomé

25 Leaders Ahead of the Curve . By Jack Hough

CEOS
TOP

OF
2023
 June 26, 2023
W
ith the Covid pandemic in the rearview
mirror, this past year couldn’t quite
compete with the few before it for the
crisis-management skills demanded of
top company leaders. But it sure tried. The 2023 Barron’s
Top CEOs list includes 25 leaders who found ways to
thrive through the mayhem.
Interest rates rose at the fastest pace in four decades,
and bonds had their worst year since before the American
Revolution, which left banks with paper portfolio losses
and sparked a run on deposits that took down three of
them. Strong industry players big and small were in a
position to scoop up assets, including Jamie Dimon at
JPMorgan Chase (ticker: JPM) and Frank B. Holding Jr.
at First Citizens BancShares (FCNCA).
Meanwhile, James Gorman at Morgan Stanley (MS)
is stepping down after an asset-management growth spree
that left rivals who depend on more-volatile trading reve-
nue with fee envy.
Goldilocks gave up trying to tell whether the U.S.
economy is running too hot or cooling too quickly, with
the yearly inflation rate down by half but still high, and
asset prices plump. The best retailers are carefully manag-
ing inventories, pricing, and shopper convenience to grow
market share without sacrificing profits or adding risk.
They include W. Craig Jelinek at Costco Wholesale
(COST) and Marvin Ellison at Lowe’s (LOW).
Ramon Laguarta at PepsiCo (PEP) is spicing up the
staples business by, among other things, pushing the bound-
aries of Cheetos variation. When Brian Niccol at Chipotle
Mexican Grill (CMG) isn’t evangelizing about his new
chicken al pastor, he’s perfecting his approach to filling digi-
tal burrito orders without slowing down counter service.
Computers are doing more thinking for themselves, and
investors, maybe a little less, judging by the prices that
some are paying for artificial-intelligence exposure. The
tech leaders on our list aren’t just riding this wave but also
selling into it, after years of preparing their product lines.
They include Jensen Huang at Nvidia (NVDA), Satya Na-
della at Microsoft (MSFT), Sundar Pichai at Alphabet
(GOOGL), Shantanu Narayen at Adobe (ADBE), and Safra
Catz at Oracle (ORCL)—yes, that Oracle.
Illustrations by André Gottschalk; Motorola (Brown); Asahi Shimbun/Getty Images (Buffet)
Our list is chosen by a panel of editors and reporters
through a process of screening, nomination, discussion, and
debate. Picture the 1957 jury drama 12 Angry Men, only colle-
gial and half female, with no murder charges. Come to think
of it, forget the movie. We emphasize recent management
actions that have positioned companies for success. Many of
the CEOs on our list, but not quite all, have had stellar stock
returns. This is decidedly not a stock-picking exercise—top
CEOs often come attached to ambitious stock valuations.
Tim Cook at Apple (AAPL) and Warren Buffett at Berk-
shire Hathaway (BRK.A, BRK.B) have made the list for
years. Many members are new, like Dave Powers at Deckers
Outdoor (DECK), who parlayed success in fleecy Ugg boots
into a boom in bouncy Hoka sneakers. Some are returning;
Tricia Griffith at Progressive (PGR) is gaining market share
in a chaotic stretch for car-insurance pricing.
Read on for details about others, including John C.
May’s robo-tractor rise at Deere (DE), Dave Ricks and Eli
Lilly’s (LLY) obesity breakthrough, Vicki Hollub and
Occidental Petroleum’s (OXY) plan for capturing carbon
and using it to boost oil output, and Larry Culp’s feat of
market fission at General Electric (GE)—splitting up the
business to unleash its best stock performance in years. B
BARRON’S 19
GREG CEO since 2008
Before Greg Brown could build up Motorola
Solutions, he had to tear down its predeces-
BROWN Sector Information sor. Brown, now 62, became CEO of Motorola
Technology in 2008, when it was a flagging conglomerate
Motorola Solutions that included the iconic cellphone business, a
cable-television equipment business, a
wireless-network infrastructure business,
and a business that produced mobile comput-
ers, tablets, and bar-code scanners. Brown
sold all of it, retaining only the private-
networks equipment and services business
for police, fire, and the military.
“I hate the phrase, but yes, the walkie-
talkies,” says Brown, “And the encryption
and the sites, the repeaters and the amplifiers.
There are 13,000 private networks. We sell
to them and provision end-to-end secure
encrypted emergency networks.”
After shrinking the company, renamed
Motorola Solutions, Brown focused on growth,
making 30 acquisitions for approximately $6
billion. Private-equity giant Silver Lake made
two $1 billion investments in the company,
with its co-CEOs taking two board seats.
“The market cap of the old conglomerate
had dipped to about $8 billion,” says Brown.
“Today, we’re about $50 billion and much more
focused.”
Since Brown took over 15 years ago, Motorola
Solutions stock has returned 668% while the
S&P 500 index is up 338%. Is there any room to
grow from here? “The addressable market is $60
billion; we will do just under $10 billion,” says
Brown. “So, yes, there is plenty of upside.”
—Andy Serwer
WARREN CEO since 1965
At 92, Warren Buffett remains as sharp and
engaged as ever, and continues to look for op-
BUFFETT Sector Financials portunities to put finishing touches on what he
has called his Mona Lisa—Berkshire Hathaway.
Berkshire Hathaway Buffett has been active in the stock market in
the past year, as highlighted by the purchase of
25% of Occidental Petroleum (OXY). He has also
added to Berkshire’s holdings in five Japanese
trading companies and now owns $20 billion of
them with a big profit. Buffett’s Apple (AAPL)
purchase probably is his biggest win ever. That
stake is now worth $165 billion, five times what
Berkshire paid. But the elephant-size acquisition
that he has long sought still eludes him.
Buffett loves reading financial reports. He
mentioned at the annual meeting in May that he
had just gone through General Motors’ 1932
annual report and was impressed with the “hon-
esty” and insight of the document written at the
depth of the Depression. As he told Charlie
Rose in an interview last year, he’s “always on
the clock” for Berkshire and still works for the
$100,000 annual salary he has taken for more
than a generation.
Thanks to Buffett’s efforts over 58 years.
Berkshire has never been in better shape, with
nearly $35 billion in annual earnings power. The
stock is slightly behind the market over the past
10 years, but has crushed the S&P 500 index
since he took over in 1965. The shares have
topped $500,000, up from about $20, an
incredible 25,000-fold gain.
Buffett shows no signs of wanting to give up
the top job. Investors are happy to see him run
Berkshire for as long as he can. —Andrew Bary
20
SAFRA
CATZ
Oracle
Not all that long ago, Oracle looked lost. The software
giant posted 1% negative sales growth in both fiscal 2019
and fiscal 2020. But CEO Safra Catz was plotting a turn-
around—and it’s working.
Catz, 61, is often overshadowed by founder Larry
Ellison, the world’s fourth-richest human, who remains
actively engaged at 78. But Catz, who joined Oracle in
1999, became co-CEO in 2014, and solo CEO in 2019, is
the one running the business, and succeeding with the
kind of revamp at scale rarely seen in the tech sector.
The plan had two parts. First, lure enterprise software
customers to the cloud and away from proprietary data
centers. Less obvious was a decision to build a cloud-
BARRON’S
CEO since 2014 (co-CEO, 2014-19)
Sector Information Technology
computing business to compete with Amazon.com
(AMZN), Microsoft (MSFT), and Alphabet (GOOGL). It is
paying off. Cloud revenue was up 77% in the May quarter,
compared with growth in the mid-50% range in the three
previous quarters. One reason: The Oracle Cloud is per-
fect for generative AI.
In a rare interview last year, with Barron’s, Catz con-
ceded that she doesn’t spend a lot of time talking to the
media, giving her a low profile. “I see a lot of others who
talk more,” she said, “and then after the talking’s done,
they are not such good players. I want our results to
speak for themselves.”
And they do. —Eric J. Savitz
June 26, 2023
Illustration by Michael Phillip Dunbabin; Department of Homeland Security (Catz); Nic Coury/Bloomberg (Cook); General Electric (Culp); Cyril Marcilhacy/Bloomberg (Dimon); Lowe’s (Ellison); Hollie Adams/Bloomberg (Gorman)
TIM
COOK
Apple
CEO since 2011
Sector Information
Technology
The consistent knock on Apple
CEO Tim Cook is that the world’s most
valuable company by market cap
hasn’t announced a new hardware
platform since his predecessor, Steve
Jobs, unveiled the iPhone in 2007. But
that misses Cook’s remarkable per-
formance, which has included adding
new products, expanding the com-
pany’s vast services business, up-
grading all of its hardware lines year
after year, and continuing to crank out
beloved technology products.
Apple’s stock was inching toward
a $3 trillion market valuation in mid-
June, a level that no other company
has achieved, and $500 billion more
than Microsoft, and more than Alpha-
bet and Amazon.com combined. While
there is no question that Jobs was an
engineering and design genius, nearly
95% of Apple’s current market cap
was added since Cook took the top
job in 2011.
In the past few years, Cook has
masterfully navigated soaring Covid-
era demand, supply-chain shortages,
a recent slump in Mac computer
sales, scrutiny of Apple’s relation-
ships in China, and scrutiny of the
company’s dominant App Store.
Cook’s challenge now is to find new
sources of growth—maybe from the
new Vision Pro virtual-reality head-
set, or an Apple Car. Or some other
thing that no one sees coming, except
Tim Cook.
—E.J.S.
June 26, 2023
H. LAWRENCE
CULP JR.
General Electric
CEO since 2018
Sector Industrials
Shrinking is nothing new for Gen-
eral Electric—its revenue peaked 15
years ago. Stock outperformance,
however, is something that investors
hadn’t seen for ages. Suddenly,
they’ve made 142% over three years,
triple the S&P 500 index’s return.
Credit CEO Larry Culp, who before
joining GE in 2018 had multiplied Dan-
aher’s (DHR) market value from $10
billion to $50 billion in 14 years.
Culp saw three GE businesses
that, on their own, could appeal to
specific investors but that didn’t be-
long together. “We weren’t necessar-
ily at the top of every portfolio man-
ager’s list,” he says. GE HealthCare
Technologies (GEHC), spun off in Jan-
uary, has been well received by the
market. Next up will be a split be-
tween GE Aerospace, including jumbo
jet engines and defense systems, and
something called GE Vernova, for
wind and natural-gas turbines and
other power infrastructure.
Culp, who sits on the board of the
healthcare company and will hold
shares in all three, plans to run aero-
space. Fresh from the Paris Air Show
this past week, he says that conver-
sations focused on ramping up pro-
duction of GE’s LEAP engine to meet
demand, and on the company’s RISE
program, which promises cleaner
engines running on alternative fuels
by the mid-2030s. Asked how it will
feel to soon run a smaller company,
he recalls earlier in his career having
responsibility for a single profit-and-
loss statement: “That holds a lot of
appeal,” he says.
—Jack Hough
BARRON’S
JAMIE
DIMON
JPMorgan Chase
CEO since 2006
Sector Financials
Jamie Dimon is a CEO with celebrity
status that few global peers can
match. He’s in a class with the likes
of Warren Buffett, Elon Musk, and
Bernard Arnault. His advice is eagerly
sought by world leaders when he
travels abroad.
Closer to home, Dimon has guided
JPMorgan Chase in solidifying its po-
sition as the country’s top bank, put-
ting more daylight between itself and
Bank of America (BAC), the second-
largest by market value.
JPMorgan is coming off a strong
2022, when it had the highest return
on tangible equity among its large-
bank peers. Wary of investing in bonds
at historically low rates in 2020 and
2021, Dimon avoided the losses expe-
rienced by Bank of America. JPMorgan
stock has returned 30% in the past
year, tops among rivals.
Dimon took a lead role during the
banking turmoil earlier this year in ad-
vising top regulators such as Federal
Reserve Chair Jerome Powell and
Treasury Secretary Janet Yellen. And
he pounced and oversaw his bank’s
purchase of failed First Republic Bank
on favorable terms.
JPMorgan’s board is eager to keep
Dimon on the job. He is expected to
remain CEO into 2026, when a lucra-
tive stock-compensation grant will
vest. Dimon will turn 70 in 2026 and
may stay on longer as chairman, re-
flecting what the bank’s proxy has
called investor feedback.
This might not be great for succes-
sion planning, but investors will be
pleased to see Dimon stay on for as
long as possible.
—A.B.
MARVIN
ELLISON
Lowe’s
CEO since 2018
Sector Consumer
Discretionary
Higher interest rates, a lack of af-
fordability, and low supply are send-
ing a chill through some U.S. housing
markets. But none of that has slowed
Lowe’s hot streak. The company’s
successful transformation under CEO
Marvin Ellison means that Lowe’s is
many consumers’ go-to destination
for home-improvement projects.
Shares of Lowe’s are up this year,
unlike those of Home Depot (HD). In
addition, Lowe’s fiscal first-quarter
results showed that the retailer won
more business with professionals
and delivered better same-store
sales than its main rival—key evidence
that Ellison’s strategy is bearing fruit.
The changes that Lowe’s made
under Ellison’s direction during the
Covid-19 boom turbocharged its turn-
around, and the momentum contin-
ues. “We understand that if we take
care of our associates, serve our
customers, and improve our commu-
nities, we will create shareholder
value,” Ellison told Barron’s. “These
core priorities and our culture of
continuous improvement shaped our
response to the pandemic and con-
tinue to influence our decisions today
on our ongoing journey to become
a world-class, customer-centric,
omnichannel retailer.”
Ellison isn’t done innovating yet.
Take Lowe’s Total Home strategy,
which emphasizes convenience both
on- and offline. “We’re confident that
this strategy will allow us to continue
to drive sustainable market-share
gains while improving our operating
margin and return on invested capi-
tal,” he says.
—Teresa Rivas
21
JAMES
GORMAN
Morgan Stanley
CEO since 2010
Sector Financials
The Morgan Stanley of today
bears little resemblance to the Mor-
gan Stanley that was badly bruised
during the financial crisis of 2008-09.
That is largely due to the vision of
James Gorman, chairman and CEO.
While the bank was once known
for trading and investment banking,
it now derives roughly half of its reve-
nue from asset and wealth manage-
ment, businesses that offer a much
more durable source of revenue.
That proved especially important
during the disruptive pandemic years
and amid the banking turmoil of this
past spring, when Morgan Stanley
flourished.
Gorman, 64, was never one to rest
on his laurels. Although Morgan Stan-
ley’s transformation was well under
way by 2020, he was still looking for
new opportunities to grow. That year
he announced plans to snap up dis-
count brokerage E*Trade and fund
manager Eaton Vance. Both are help-
ing Morgan Stanley advance toward
its goal of reaching $10 trillion in as-
sets in the next decade.
Gorman probably won’t be at
Morgan Stanley when the bank gets
there, as he announced plans to step
down as CEO within the next 11
months, and then to assume the role
of executive chairman. Even so, the
achievement of that milestone will be
largely his doing.
“I think we’ve created a machine
that is very hard to stop growing,”
Gorman told Barron’s in April.
—Carleton English
22 * BARRON’S
TRICIA
GRIFFITH
Progressive
CEO since 2016
Sector Financials
Car insurance prices are rising at
the fastest pace in decades. Blame
smartphones, distracted drivers, and
a yearslong surge in accidents, plus
recent, soaring car inflation. Higher
rates mean more shopping around—
a boon for insurers with disciplined
pricing and effective advertising.
Against this backdrop, Tricia Griffith
has been minting money for Progres-
sive shareholders.
Griffith started with Progressive
35 years ago as a claims rep and
seven years ago became CEO—only
the company’s fourth in its 86 years.
The stock has since tripled, trouncing
the broad market. Griffith doubled
down on data analytics to bolster
Progressive’s underwriting edge ver-
sus its peers, and invested the result-
ing profits in the company’s ad cam-
paigns featuring upbeat Flo and her
white-smocked colleagues. The result
has been near-universal brand recog-
nition, and plenty of direct sales.
If Flo mentions bundling a lot, it’s
because customers who pair car and
home insurance tend to stick with
both policies for longer, making them
especially profitable. Griffith’s in-
house code for these sought-after
customers is Robinsons. Car policy-
holders with outside home insurance
are Wrights, those with renters’ poli-
cies are Dianes, and cost-sensitive
car-policy hoppers are Sams. So,
while much of the industry has
chased Sams on price, Griffith and Flo
have steadily converted Dianes and
Wrights into Robinsons—and returns.
—J.H.
GENE
HALL
Gartner
CEO since 2004
Sector Information
Technology
You probably don’t know the name
Gene Hall, and you might be only barely
familiar with Gartner, the business
research firm. But if you’re an investor,
it would behoove you to learn about
both. That’s because Hall, CEO of Gart-
ner since 2004, has been delivering
stellar returns. Gartner’s shares are
have returned 2,857% during his tenure
versus 477% for the S&P 500 index.
“It’s a great business,” says BMO
analyst Jeffrey Silber. “There are lots
of companies out there that provide
research, but Gartner is just seen as
the pinnacle within this industry.”
Gartner thrives by writing up com-
pany analysis and industry trends and
forecasts—particularly regarding tech-
nology. It also offers in-person advi-
sory services and industry confer-
ences. Revenue grew by more than
15% last year to nearly $5.5 billion, and
most of that growth has been organic.
Hall, a former top executive at ADP
and McKinsey consultant, declined
to speak with us. In one of the few in-
terviews he has given, with Forbes in
2005, he described himself as being
“high energy, analytical, intuitive, fun,
organized,” and spoke about his early
ambitions: “In the fifth grade, growing
up in Dallas, I decided I wanted to go to
Massachusetts Institute of Technology,
get a degree in engineering, and then go
to Harvard Business School.”
And guess what? He did.
“Gene Hall is one of those really
great leaders who are not audacious
or bigger than life,” says Silicon Valley
executive Maynard Webb, who was on
the Gartner board that hired Hall. “He’s
one of those quiet folks who just gets
the job done.” —A.S.
FRANK B.
HOLDING JR.
First Citizens BancShares
CEO since 2008
Sector Financials
First Citizens BancShares bought
the assets of the failed Silicon Valley
Bank this spring in a deal brokered by
the government—a transformative
purchase straight out of CEO Frank
Holding Jr.’s playbook.
First Citizens, based in North Caro-
lina, picked up $110 billion of assets and
$56 billion of deposits, making it the No.
16 U.S. bank in total assets, with $215
billion at the end of the first quarter. The
bank had a mere $17 billion when Hold-
ing became CEO in 2008. He has since
overseen about two dozen acquisi-
tions, many of them also failed banks
receiving assistance from the Federal
Deposit Insurance Corp. “It is a compe-
tency here,” he says. “We are a very
experienced player working with the
FDIC to bring stability to the system.”
The SPDR S&P Regional Banking
exchange-traded fund (KRE) is down
33% since March 1. First Citizens’ stock
has soared 69%, giving the bank a mar-
ket cap of about $18 billion. Analysts
expect earnings to double in 2023.
Holding, 61, is the third generation of
his family to lead the bank, founded in
1898. The Holding family owns a com-
bined 21% of the A shares and a ma-
jority of the supervoting B shares.
“The biggest benefit we get from family
control is a consistency in culture and
a long-term perspective,” he says.
First Citizens has distinct “ecosys-
tems,” says Holding. SVB will add one
focused on serving the so-called inno-
vation economy. Last year’s merger
with New York-based CIT Bank dou-
bled the bank’s assets and brought an
ecosystem focused on railcar leasing,
accounts-receivable financing, and
other niches. —Nicholas Jasinski
June 26, 2023
Progressive (Griffith); Gartner (Hall); First Citizens Bank (Holding); Michael Ostuni/Patrick McMullan/Getty Images (Hollub); Illustrations by André Gottschalk; Nvidia (Huang); US Department of Labor (Jelinek); Uber (Khosrowshahi)
VICKI
HOLLUB
Occidental Petroleum
CEO since 2016
Sector Energy
Vicki Hollub’s first years as CEO of
Occidental Petroleum were marked
by a controversial megadeal. In 2019,
she closed on the purchase of Ana-
darko and its choice West Texas shale
deposits, beating out Chevron (CVX).
But critics said she overpaid, including
Carl Icahn, who launched an activist
campaign. Then, Covid briefly crashed
the oil market.
Now, oil has recovered, Icahn has
cashed out, and Warren Buffett,
whose Berkshire Hathaway (BRK.A,
BRK.B) helped finance the Anadarko
deal with 8% preferred shares, has
been raising his common-share stake.
Hollub’s laser focus on maximizing
cash flow from Oxy’s new assets has
allowed the company to begin paying
off its preferred shares, and the com-
mon has nearly tripled in value in three
years.
Hollub’s next big plan involves turn-
ing oil production green. Step one:
build the world’s largest facility for
capturing carbon dioxide from the air,
and sell credits to polluters. Two:
pump the CO2 into old shale wells,
store it, and squeeze out more oil.
“You’re not leaving as much oil in the
ground, which means you could get
away with not developing some of the
oil that’s in real pristine areas,” Hollub
tells Barron’s.
Other oil CEOs, she predicts, will
soon come around to doing the same.
—J.H.
June 26, 2023 BARRON’S 23

JENSEN CEO since 1993

Under Jensen Huang, 60, Nvidia always
seems to be perfectly positioned for the next
HUANG Sector Information big idea. It isn’t an accident. Instead of allowing
Technology the company to rest on its laurels, Huang has
Nvidia constantly tried to develop new technologies
by taking big risks.
Nvidia has spent nearly $40 billion on re-
search and development since its inception in
1993 to address the industry’s hardest prob-
lems, from 3-D graphics and deep learning to
robotics. In each instance, Huang ignored the
skeptics and pushed to create the future.
Huang’s long-term thinking and willingness
to invest have led to breakthroughs that opened
new markets for Nvidia and expanded its tech-
nology leadership, making it difficult for rivals to
compete effectively. Examples include ray trac-
ing, which enables realistic lighting effects, and
the CUDA programming platform that has laid the
groundwork for Nvidia’s chip dominance in the
latest wave of artificial-intelligence applications.
The executive’s track record of presciently
placing the right strategic bets comes from his
deep technical understanding. Huang has a DARA
master’s degree in electrical engineering from
Stanford University and worked as a chip KHOSROWSHAHI
designer at LSI Logic and Advanced Micro
Devices (AMD).
Uber Technologies
Nvidia blew away analysts’ expectations
with its latest results. The chip maker provided
a revenue forecast for the July quarter that was CEO since 2017
nearly $4 billion above the Wall Street consen-
sus, citing surging demand for its AI chips. Sector Consumer
Nvidia may be on the cusp of its biggest year Discretionary
yet. —Tae Kim
Ride-hailing hasn’t been a profitable
business yet. But it is getting harder to
ignore the accomplishments of Uber
Technologies CEO Dara Khosrow-
shahi, 54, who took the top job in 2017
after the company had become em-
broiled in workplace scandals.
Just as things finally started looking
W. CRAIG CEO since 2012
W. Craig Jelinek leads a veteran management
team that has made Costco Wholesale one of
up, the Covid pandemic hit, posing
JELINEK Sector Consumer the most admired and most valuable retailers in enormous challenges for an advanced
taxi service whose once-loyal custom-
Discretionary America. Jelinek has been with the company for
Costco Wholesale nearly 40 years. ers either stopped leaving home or
Costco has one of the industry’s best growth feared getting into a stranger’s car.
stories, which is reflected in its price/earnings Khosrowshahi doubled down on food-
ratio of 35 based on current-year earnings, the service delivery in response, buying
highest among top retailers. Walmart‘s (WMT) delivery service Postmates in Novem-
P/E is 24. ber 2020 in an all-stock transaction.
Costco has a fanatical customer base, It’s also hard to ignore Uber’s
which pays annual membership fees and advances over competitor Lyft (LYFT),
keeps returning for basics like paper towels, which sold shares for $72 apiece in a
meat, and coffee, as well as wine, best-selling 2019 initial public offering. They have
books, and even diamonds. The annual subsequently fallen more than 80%
membership renewal rate has remained around and now trade at $10. Uber’s IPO also
90%, and investors love the subscription-like occurred that year, at $45 a share. Its
model.
shares are down just 6%.
With rock-bottom operating costs, Costco
Uber’s sales are growing faster
can take small markups and still make money.
By limiting access to its stores (one exit and than Lyft’s, and operating profit mar-
entrance), it has one of the industry’s lowest gins are about 15 percentage points
shoplifting rates at a time when theft is plaguing better. Wall Street expects Uber to be
other retailers. in the black in 2024, without any ad-
Jelinek travels a lot to visit Costco stores. justments. Analysts expect Lyft to
He’s always alert to what rival Sam’s Club is up reach full-year profitability in 2027.
to. He is also one of few big-company CEOs Khosrowshahi moonlighted as an
who doesn’t generally participate in quarterly Uber driver during the pandemic to
conference calls. learn more about, and improve, the
One big fan is longtime director Charlie driver experience. Based on his
Munger. The vice chairman of Berkshire Hatha- navigation of the company, he’d
way (BRK.A, BRK.B) said earlier this year that “I earn a full five stars.
wish everything else in America was working as —Al Root
well as Costco.”
—A.B.
24
RAMON
LAGUARTA
PepsiCo
Market-beating returns and lofty valuations are the
stuff of software stocks, not soft-drink ones. But Pepsi-
Co has returned 85%, besting the S&P 500 index by 16
points, since Ramon Laguarta took over as CEO nearly
five years ago. Investors have awarded it a glamorous
price of 25 times earnings.
Laguarta has invested to expand key snack brands and
subtly improve their nutritional profile without turning off
customers. Consider Cheetos. There are new flavors, like
mac n’ cheese; new varieties and packaging, like minis in
canisters; and a version with no artificial flavors, called
Simply Cheetos. Flamin’ Hot Cheetos set off such a spicy
BARRON’S
CEO since 2018
Sector Consumer Staples
sales acceleration that there’s a Disney+ movie about the
product’s origin. And sodium levels are down.
The result: Pepsi’s Frito-Lay division is growing market
share at the fastest rate in a decade. The company’s core
earnings-per-share growth has averaged 8% over the
past three years, and would have been 11% without Covid
costs.
Next up: plugging soda leaks. Laguarta has killed Sierra
Mist and launched lemon-lime Starry to better compete
with Sprite. And a reformulated, sweeter Pepsi Zero aims
to shrink a sales gap with Coke Zero. Early data suggest
it’s working, Laguarta said on a recent earnings call. —J.H.
June 26, 2023
Illustration by Michael Phillip Dunbabin; KOKO/AFP/Getty Images (Laguarta); Albemarle (Masters); John Deere (May); Microsoft (Nadella); Adobe (Narayen); Courtesy of Chipotle (Niccol)
KENT
MASTERS
Albemarle
CEO since 2020
Sector Materials
Kent Masters became CEO of the
world’s largest lithium miner in April
2020. The job hasn’t been easy, but
Covid wasn’t the issue. Instead, surg-
ing demand for lithium, a key compo-
nent in the batteries powering Teslas
and other electric vehicles, has
caused numerous headaches. But
it’s a problem that Masters is focused
on solving.
In the commodities market, they say,
the best manager is excess demand. It
pushes up prices, which drive higher
cash flow and investment returns for
commodity producers.
In reality, though, it is tricky to man-
age production and allocate capital
correctly in a volatile business. That is
especially true for lithium production,
given that demand is expected to rise
roughly fivefold over the next several
years. Auto makers are looking to se-
cure supply without overpaying, and
governments want a growing piece of
mining profits.
So, what lithium price should a
producer assume in planning capacity
additions? That’s the million-dollar
question. Masters has focused on
growing Albemarle’s lithium produc-
tion and refining capacity in line with
global demand while adjusting prices
in annual supply contracts to better
reflect current market pricing.
Changing longstanding pricing
mechanisms is a bold move that might
introduce more volatility in earnings,
but it will also ensure that Albemarle
and its investors participate in rising
demand. “Partnering with our custom-
ers in the ways that matter most to
them is how we choose to do busi-
ness,” says Masters. —A.R.
June 26, 2023
JOHN C.
MAY
Deere
CEO since 2019
Sector Industrials
John C. May has done the unthink-
able: He has detached the perfor-
mance of Deere’s stock from the
weather.
Consider that corn prices peaked
above $8 a bushel in the spring of
2022, some three years after May
took the helm of this highly respected,
well-run American icon. Corn has
since fallen about 20%, to $6.43 a
bushel. While prices have slid, Deere
stock has risen about 13%.
That’s not supposed to happen,
or at least it didn’t happen historically.
The weather helps set the price of
agricultural commodities. Prices de-
termine farm income, which typically
determined how much farmers would
spend on Deere tractors and other
equipment. May changed the calculus
by investing in autonomous farm
equipment, advanced data analytics,
and precision planting techniques,
all of which saved farmers money,
enabling the purchase of more
equipment.
What’s more, all of that technology
has become a source of recurring
revenue for Deere, further severing
its fortunes from the vagaries of the
weather. Deere collects revenue on
precision farming and self-driving
technology and is aiming to make
recurring, software-like sales 10%
of the corporate total by 2030.
Deere’s stock has become some-
thing of a Wall Street darling on May’s
watch, and for good reason. It has
outperformed the S&P 500 index by
about 18 percentage points annually
during his tenure. That’s a fine harvest
for investors. —A.R.
BARRON’S
SATYA
NADELLA
Microsoft
CEO since 2014
Sector Information
Technology
On the day that Microsoft an-
nounced the appointment of Satya
Nadella as CEO in 2014, the knee-jerk
reaction by investors was to push the
stock lower. Hope that wasn’t you.
Almost immediately, Nadella over-
hauled Microsoft to focus on creating
cloud-based versions of its software
applications, while boosting invest-
ment in Microsoft Azure, a business
he had been running before becoming
chief.
The company succeeded on both
fronts, triggering a rebound in finan-
cial performance that has made Na-
della one of Wall Street’s favorite
CEOs. The company now has a mar-
ket cap of nearly $2.5 trillion, trailing
only Apple.
In 2023, Nadella is at it again. This
time, the focus is on generative AI.
Among other things, the company has
invested a reported $10 billion or
more in OpenAI, the creator of Chat-
GPT and a leading provider of large
language models.
Microsoft earlier this year an-
nounced a revamp of its Bing search
engine, built on models from OpenAI.
That move spurred some investors to
sell shares of Alphabet (GOOGL), par-
ent of Google, by far the dominant
player in search. Microsoft has since
provided demos of revamped ver-
sions of Office and various other
apps. Customers are excited, and so
are investors. And so is Nadella.
—E.J.S.
SHANTANU
NARAYEN
Adobe
CEO since 2007
Sector Information
Technology
As 2022 rolled into 2023, Adobe
CEO Shantanu Narayen had a problem:
ChatGPT’s debut last November and
the launch of other generative-AI tools
had investors worried that the trend
would hurt Adobe’s core Creative
Cloud business.
But the worry proved short-lived. In
March, Adobe rolled out Firefly, a new
website to demo a growing suite of
generative-AI tools. It was clear right
away that Firefly was no experiment:
Adobe viewed AI as a business ex-
pander. For instance, all of the images
in a text-to-image tool were based on
a model that includes only images in
Adobe’s own stock photography li-
brary or in the public domain. Adobe
was building commercial tools, and
intended to make them useful for pay-
ing customers.
In fact, Adobe recently said that it
plans to offer a commercial version of
Firefly—and it will place some limits on
other users to help keep costs under
control. It intends to include AI func-
tionality in all of its software tools.
“We are living in this world where
every customer expects everything to
be personalized,” Narayen said in a
recent interview, “and that suggests
that the amount of content that is
going to be created is going to go up
and to the right—no ifs, ands, or buts.”
—E.J.S.
25
BRIAN
NICCOL
Chipotle Mexican Grill
CEO since 2018
Sector Consumer
Discretionary
Chipotle Mexican Grill will ap-
proach $10 billion in revenue this year,
versus less than $5 billion in 2018, the
year that Brian Niccol took over as
CEO. “We can easily double this busi-
ness again both in restaurant count
and revenue,” Niccol tells Barron’s.
Three keys to growth will be loy-
alty, throughput, and menu innova-
tions. The pandemic produced rapid
growth in Chipotle’s digital orders,
profit margins, and points-based
rewards system. The challenge, now
that customers have returned to din-
ing in, is handling digital order surges
while keeping counter service zippy.
The solution, Niccol found, is using
separate digital prep lines, along with
pickup time slots that keep order flow
manageable.
For menu inspiration, Niccol, a
Taco Bell alum, has recently turned
to diverse sources. His test kitchen
found a hit with a new chicken al pas-
tor option. And when two TikTok influ-
encers sparked a flood of requests to
add fajita veggies and a side of honey
vinaigrette to quesadilla orders, Nic-
col had his programmers quickly in-
clude those options on the app.
Chipotle is closing in on its longtime
goal of $3 million in yearly sales per
restaurant. Says Niccol: “We’re now
starting to set our sights on $3.5 mil-
lion, $4 million.”
—J.H.
26 BARRON’S June 26, 2023

SUNDAR CEO since 2019

Alphabet CEO Sundar Pichai, 51, has played
a pivotal role in winning back the narrative over
PICHAI Sector Communication the company’s leadership in artificial intelligence.
Services Pichai joined Google in 2004, leading the de-
Alphabet velopment of the Chrome web browser before
running product and engineering. He was named
CEO of Google in 2015 and shifted the company’s
strategy to focus on AI a year later. In 2019, he
became CEO of Google parent Alphabet.
Earlier this year, investors grew worried that
Google’s search engine could be disrupted by the
latest wave of generative-AI chatbots, such as
OpenAI’s ChatGPT. Alphabet’s shares dropped
significantly after Microsoft announced that
its Bing search engine would add chatbot
capabilities.
But the reality is that Google’s products had
market-leading AI capabilities for years under
Pichai’s direction. Any concerns about falling
behind in AI faded after Alphabet executives
unveiled a flurry of coming AI-driven features
for Gmail, Google Maps, and Google Search at
the company’s annual developer conference
last month. Google also announced rapid prog- DAVE
ress for its Bard chatbot and revealed its latest
advanced AI model, PaLM 2. RICKS
The announcements demonstrated that
Alphabet is thriving and making rapid progress
Eli Lilly
in infusing nearly all of its services with the
latest generative-AI technologies. As for
search-engine worries, according to Stat- CEO since 2017
counter, Google now has 93% of the search-
engine market, slightly increasing its market Sector Healthcare
share since the competing chatbots were
launched. —T.K.
Job No. 1 for Eli Lilly CEO Dave
Ricks is to ramp up production of the
company’s diabetes drug Tirzepatide
ahead of its expected approval for
obesity later this year. In trials, it has

DAVE CEO since 2016
Within a year or two, Hoka is likely to pass
Ugg. Both are Deckers Outdoor footwear
POWERS Sector Consumer brands, and the coming milestone is a remark-
Discretionary able achievement for CEO Dave Powers.
Deckers Outdoor When Powers was named chief in 2016,
Deckers was more than a maker of fleece-lined
boots—but not much more. The outdoorsy Aus-
tralian brand Ugg was doing over $1.5 billion a
year in sales. Hoka, a fledgling line of sneakers
with jumbo foam soles, wasn’t yet doing $100
million, making it a niche brand like the com-
pany’s Teva sandals.
Powers worked to establish Hoka’s creden-
tials with runners while using Ugg’s heft to get
the brand more shelf space. Next came uptake
from celebrities—Britney Spears tweeted a pic
of her Hokas in 2017—followed by fashionistas,
and finally the sore-footed masses seeking
comfort and cool. Last year, Hoka, now avail-
able as runners, loungers, and trail shoes,
smashed through $1 billion in sales. Within two
years, the brand is expected to do $2 billion.
Deckers shares are up more than 800%
under Powers. The company has nearly dou-
bled its operating margins and shifted to more
direct sales, from 34% of revenue to 40%.
Powers says that direct sales remain a priority
and that he can get them to 50%.
—J.H.
Illustrations by André Gottschalk; Sajjad Hussain/AFP/Getty Images (Pichai); Deckers (Powers); Eli Lilly (Ricks); UPS (Tome)
been shockingly effective. “People
came into the study at 232 pounds
and exited at 179 pounds,” says Ricks
of one trial’s typical results.
Next, convince insurers, policy
makers, and even doctors that the
obese deserve help, and that giving
it to them can be a long-term money
saver if it heads off related diseases.
“They’re not lazy,” says Ricks of pro-
spective patients. “Their bodies are
wired differently.”
A pill is in the works to replace in-
jections, and in 10 years, Ricks pre-
dicts, doctors will view obesity the
same way they do high blood pres-
sure today. “We don’t accept non-
treatment,” he says. “It’s malpractice
not to treat it, actually.”
Beyond Lilly’s looming obesity
windfall, Ricks views his role as hiring
key talent, keeping decision-making
fast to spur inventiveness, and in-
vesting wisely. Lilly’s Genetic Medi-
cines Institute, under construction in
Boston, will speed up drug discovery.
Lilly’s lengthy pursuit of an effective
Alzheimer’s treatment yielded a study
breakthrough last month, and data
will be presented next month. “If what
we’re trying to do is prolong life and
preserve memories and preserve
independence,” says Ricks, “I think
we’re there.”
—J.H.
June 26, 2023 BARRON’S 27

One-Year
HOW OUR CEOs SHAPED UP Return
Most of the leaders on this year’s list have delivered for shareholders, along with customers. < 0%
J 1-50%
Years Return during S&P 500 Return 51-100%
as CEO Tenure during Tenure Returns through June 15 > 101%

GREG BROWN
15 10.1% 14.2% 40.8%
Motorola Solutions / MSI

WARREN BUFFETT
58 9.9%* 19.8%* *through the end of 2022 23.4%
Berkshire Hathaway / BRK.A

SAFRA CATZ
9 11.8% 16.6% 84.8%
Oracle / ORCL

TIM COOK
12 13.7% 26.4% 38.2%
Apple / AAPL

H. LAWRENCE CULP JR.

5 13.1% 13.2% 96.3%
General Electric / GE

JAMIE DIMON
17 9.6% 10.5% 28.1%
JPMorgan Chase / JPM

CAROL MARVIN ELLISON

5 11.6% 19.7%
TOMÉ
24.9%
Lowe’s / LOW

United Parcel Service JAMES GORMAN

13 11.5% 13.4% 21.3%
Morgan Stanley / MS

TRICIA GRIFFITH
7 12.9% 25.4% 14.4%
Progressive / PGR
CEO since 2020

Sector Industrials GENE HALL

19 9.8% 19.8% 51.1%
Gartner / IT

Carol Tomé makes another appear- FRANK B. HOLDING JR.

15 10.1% 16.4% 106.7%
First Citizens BancShares / FCNCA
ance on our annual list of the top
CEOs, even though shares of United
VICKI HOLLUB
Parcel Service underperformed the Occidental Petroleum / OXY
7 0.0% 13.3% -2.1%
S&P 500 index by roughly 15 percent-
age points over the past 12 months. JENSEN HUANG
30 7.4% 36.1% 158.3%
The global economic slowdown Nvidia / NVDA
has weighed on the stock, but the
positive impact that Tomé, 66, has W. CRAIG JELINEK
11 13.5% 16.2%
20.7%
had on UPS’ culture and drive are Costco Wholesale / COST
hard to deny.
Tomé banished longstanding DARA KHOSROWSHAHI
6 -0.9% 13.0% 96.8%
prohibitions on beards and tattoos. Uber Technologies / UBER
People hadn’t been allowed to be
themselves at UPS, says Chief Finan- RAMON LAGUARTA
5 13.1% 14.8% 20.8%
PepsiCo / PEP
cial Officer Brian Newman. “In a time
of pandemic, with a lot of challenges, KENT MASTERS
people [felt] better about coming to 3 16.2% 54.2% 8.1%
Albemarle / ALB
work at UPS.”
Equally important has been Tomé’s JOHN C. MAY
4 12.0% 30.0% 24.6%
sound business strategy. Her “better Deere / DE
not bigger” plan prioritized higher-
profit-margin customers. It yielded SATYA NADELLA
9 39.6%
11.9% 29.0%
results: Operating profit margins have Microsoft / MSFT
risen more than two percentage
points over the past couple of years. SHANTANU NARAYEN
16 9.6% 17.1% 30.2%
Now, Tomé’s mantra is “better and Adobe / ADBE
bolder,” which means new digital and
BRIAN NICCOL
logistics-as-a-service businesses, 5 12.4% 42.5% 62.0%
Chipotle Mexican Grill / CMG
along with more-aggressive return
goals. She is pushing the delivery SUNDAR PICHAI
company forward even while dealing 4 11.3% 19.8% 14.0%
Alphabet / GOOGL
with an expiring labor contract with
the Teamsters union this summer. DAVE POWERS
7 13.2% 38.1% 98.6%
Things are never easy, which UPS’ Deckers Outdoor / DECK
recent stock-price performance re-
flects. But the company looks set to DAVE RICKS
6 13.0% 34.8% 56.8%
weather the current conditions and Eli Lilly / LLY
produce solid shareholder returns in
years to come. CAROL TOMÉ
3 14.6% 20.9% 5.4%
—A.R. United Parcel Service / UPS
Note: Returns during CEO tenure are annualized Sources: Bloomberg; company reports
28
MORE CEOS ARE WASHING OUT,
BUT SOME STAY ON ‘FOREVER’
As business challenges pile up, the median corner office tenure is now less than five
years. Tell that to Buffett, Dimon, and Iger. By Andy Serwer
M
otorola CEO Greg to be CEO.”
Brown calls it his Today, Brown looks like a four-star
“battlefield general. Since he took over 15 years
promotion.” ago, stock in his company—now
“This was 2007, Motorola Solutions (ticker: MSI),
and Motorola was under significant which sells communications products
stress,” says Brown, who was then and services for customers such as
chief operating officer. “Carl Icahn police and emergency medical
had a big position and was pressing services—has returned 668%, while
and pressuring. The cellphone busi- the S&P 500 index is up 338%.
ness was cratering, losing a few $100 Brown’s story is exceptional, not
million a quarter. The guy running only in how he navigated the corpo-
that business had quit and went to rate minefield but also in his success
Dell. Then, [CEO] Ed Zander left. and longevity. In fact, the CEO land-
The financial crisis was coming. scape is becoming increasingly bifur-
That’s when the board tapped me cated. On the one hand, you have a
BARRON’S
tiny troop of market-beating chief
executives—let’s call them “forever
CEOs”—who are serving ever longer.
Names like Dimon, Buffett, and Iger
leap to mind, as well as a number of
lesser-known lights, such as Brown.
On the other side sit a massive
churn of CEOs whose tenures are
growing ever shorter. Walt Disney
(DIS) ex-CEO Bob Chapek is one
example; others were involved in
machinations at Starbucks (SBUX)
and GameStop (GME), the latter of
which—with five CEOs over the past
five years—has become the poster
child of CEO turnover.
According to an about-to-be-
released study by Equilar, which tracks
corporate leadership, the average ten-
ure for S&P 500 CEOs between 2013
and 2022 was down 5.2%—from 7.6
years to 7.2 years. But looking at the
median, or midpoint, reveals a more
dramatic shift: During the same period,
the median CEO tenure plunged 20%,
from six years to 4.8 years. What
accounts for the gap? The average is
skewed by longstanding, forever CEOs
who have been in the C-suite for de-
cades and counting and whose pull
on the statistic gets stronger with each
year in the job. The median therefore
better represents the typical CEO
tenure—which doesn’t bode well for
their hold on the corner office.
“These jobs are brutal,” says Jim
Citrin, one of the nation’s leading
headhunters and head of the CEO
practice at Spencer Stuart, the execu-
tive search firm—a robust business
these days. “CEOs not only need to
have resilience; they also have to be
an orchestra maestro.” Bottom line:
Running a big public company today
requires managing myriad risks and
cohorts that hardly existed two
decades ago, making a seat in the cor-
ner office more precarious than ever.
There’s the explosive growth of
activist investors and private-equity
deal makers, inexorably pressuring
for better quarterly results. There’s
radical transparency on social media,
not just Twitter and Reddit but also
employee opinion-driven sites such as
Blind, critiquing every move, maybe
via leaked proprietary information—
that last point being but one facet of
a seismic digital transformation that
can effectively make a hidebound
CEO obsolete with a few clicks.
Then, there’s the maw of environ-
mental, social, and governance factors
and hot-button cultural issues. These
raise questions of when and how to
June 26, 2023
weigh in internally and externally—
and play into the larger debate of
shareholder versus stakeholder
capitalism.
The stakes for CEOs, including the
wrath brought upon the losers and
adulation showered on the winners
(and sometimes both, à la Elon Musk),
is unprecedented and carries implica-
tions for every constituent in the cor-
porate universe—especially investors.
As you might expect, long-tenured
CEOs produce better returns for
shareholders, on average—otherwise
they wouldn’t last. Carolyn Dewar,
senior partner at McKinsey and co-
author of CEO Excellence, notes, “If a
CEO makes it past three years, they
tend to stay longer and get in a good
groove.”
Spencer Stuart found that over the
past 20 years, only about 25% of S&P
500 CEOs remained in their jobs for
10 years or more, and that the stocks
of their companies fared better than
the market. The median outperfor-
mance of the survivors was one per-
centage point higher annually, on a
total return to shareholder basis.
If that doesn’t sound world-beating
to you, consider the alternative. Ac-
cording to a PwC study, “Companies
that have to fire their CEO forgo an
average of $1.8 billion in shareholder
value compared with companies that
plan [a successor].”
“The cost of a bad CEO hire is
tremendous,” says Scott Scanlon,
CEO at Hunt Scanlon Media. “It isn’t
just money. It can take upward of 18
months to refill the position and get
them acclimated.”
There is no quantitative formula
to identify a future, forever CEO. But
there are key attributes for boards to
look for early on, says Citrin, includ-
ing “the extent that their CEO is con-
tinuing to learn, is open to new per-
spectives, attracts excellent talent, is
transparent about the progress of the
business, and is prepared to make
bold investments, often which don’t
start to pay off until years seven, eight,
or nine.”
Nasdaq (NDAQ) CEO Adena
Friedman and American Express
(AXP) CEO Steve Squeri are two
who may be hitting their stride. Since
Squeri became CEO in February 2018,
Illustration by Justin Metz
AmEx has returned 87% versus 77%
for the S&P 500. Friedman—who just
announced the largest acquisition in
her company’s history—has also pre-
sided over an impressive market run.
Since becoming Nasdaq’s CEO in Jan-
 June 26, 2023
uary 2017, the company’s stock has
returned 145% versus a 116% gain for
the S&P 500.
They are the exceptions, though.
“The job is much different than
people expect nowadays, even if
they’ve had big roles before,” Dewar
says. “Satya Nadella [Microsoft
(MSFT) CEO since 2014] told us that
it’s an information-asymmetry prob-
lem. No one underneath or above you
sees all the things you see. You’re this
single note of integration, and most
people aren’t prepared for that. Bal-
ancing stakeholders, which is increas-
ingly difficult, is actually the work.
Most people think they know what
the job is, but they really are imagin-
ing a COO job, which is running the
day-to-day business. And at least half
your time is everything else. Just
because you’re good at running a day-
to-day business doesn’t make you a
good CEO.”
Brown of Motorola had to figure
all that out fast. “The first six to nine
months were undoubtedly the most
grueling,” he says. “It was very, very,
very sobering….We announced our
intention to spin off the cellphone
business—the very business that the
brand is known for. Four months
later, we reached a settlement with
Carl Icahn and let him have board
representation. I’d rather have him
inside the tent pissing out than out-
side the tent pissing in.”
“There was no congratulatory
victory lap,” Brown says. “None ex-
pected. As much as I’m proud of yes-
terday, I’m all about today and tomor-
row. I don’t look back a lot.”
Forever CEOs come in all shapes
and sizes. Gartner’s (IT) Gene Hall,
CEO since 2004, who rarely speaks to
the media (and declined our request),
has been quietly killing it. “He’s not
flashy at all,” says Silicon Valley
power broker Maynard Webb, who
was on the Gartner board when it
tapped Hall. “He’s like a Level 5
leader.” Webb is referring to a concept
from Good to Great, by Jim Collins,
which describes a leader who displays
a “powerful mixture of personal hu-
mility and indomitable will.” What
will a Level 5 leader get you? How
about Gartner’s stock returning
Dia Dipasupil/Getty Images
2,857% during Hall’s tenure, versus
477% for the S&P 500.
Successful leaders can emerge from
any organization. Take Planned Par-
enthood, which is a challenge to lead
in the best of circumstances. Imagine,
though, that you are the youngest per-
son and the first Black woman ever
selected to run it. Welcome to Faye
Wattleton’s world in 1978. “It was
very, very difficult,” she recalls. “We
were coming under attack. The year
before, the Minnesota affiliate had
been burned to the ground. There
were those who had no confidence
that I could handle the job. One board
member said, ‘No woman can handle
a job this big.’ ” This, even though
Wattleton’s two male predecessors—
the organization had been led by men
after founder Margaret Sanger—lasted
less than two years each.
Despite the long odds, Wattleton,
who led the organization for 14 years
and served on numerous company
boards, including Estée Lauder and
Empire Blue Cross & Blue Shield,
met those challenges and thrived.
“I had to step up to the public
scrutiny, which I think all CEOs to-
day have to do in ways that have per-
haps been heretofore unnecessary,”
she says. “A CEO used to be able to
be a colorless character. Now, with
the power that has been accrued by
shareholders and stakeholders, the
public aspect of leadership is very
significant.”
The tech sector has produced some
familiar forever names, including
founders such as Bill Gates, Jeff Bezos,
and Larry Ellison, all of whom stayed
in the CEO seat for decades before
stepping back to become chairman.
One big-time tech founder CEO still
unquestionably in charge is Jensen
Huang, 60, who has been CEO of
Nvidia (NVDA) for 30 years. Share-
holders—who have been incredibly
well rewarded over the years—may
BARRON’S
Tale of Two Tenures
While median tenure has plunged, the
long tenures of "forever CEOs" have
helped keep the average relatively flat.
S&P 500 CEOs, Years in Job
Median Average
8 years
7
6
5
4
2013 '15 '20
Source: Equilar
be hoping that Huang is good for an-
other 30. It’s also worth noting that a
number of nonfounder tech forever
CEOs have also done well by share-
holders, such as Apple’s (AAPL) Tim
Cook, CEO since 2011, and Shantanu
Narayen of Adobe (ADBE), CEO
since 2007.
A couple of might-as-well-be
founders, Howard Schultz and War-
ren Buffett, who took minuscule enti-
ties and turned them into juggernauts,
offer intriguing story lines. The 92-
year-old Buffett, who became CEO
of Berkshire Hathaway (BRK.A,
BRK.B) in 1965, some 58 years ago—
which has to be some sort of record—
Walt Disney’s Bob
Iger is one of a tiny
is the greatest-of-all-time forever CEO.
troop of “forever (By comparison, Armand Hammer,
CEOs” who are long known for running Occidental
serving ever longer
tenures in the cor- Petroleum (OXY), was CEO for a
ner office. mere 33 years.)
Schultz, meanwhile, represents the
strengths of forever CEOs—since its
1992 initial public offering, Starbucks
stock has returned 37,830% versus
1,897% for the S&P 500—but also a
potential weakness: the inability, or
perhaps unwillingness, to find the
right person to take the baton.
Schultz famously left and returned
twice as CEO of Starbucks (serving
in 1988-2000, 2008-16, and again
from April 2022 to March 2023).
He recently relinquished the role—
perhaps for good, this time—to Lax-
man Narasimhan, who, by accepting,
boosted the tally of short-termers, as
he decamped from his previous CEO
job at British consumer-goods com-
pany Reckitt Benckiser (RKT.UK)
after three years.
Bob Iger is another back-and-
forther, having run Disney in
29
2005-20, stepping down, and then
returning in November after the
ouster of his successor, Bob Chapek.
“I don’t like to point fingers, espe-
cially because we were in Covid,” says
veteran Bank of America (BAC) ana-
lyst Jessica Reif Erlich. “Taking over a
company that big at that time seems a
little unfair. And the industry is in a
very significant transition. Not a great
time to get your sea legs.”
What about the cultural issues that
Disney ran into in Florida? “We’re
not really supposed to make any state-
ments,” she says, “but what’s going
on in Florida is unbelievable. It has
become a political football.”
Is Iger really the only person in the
world who can be CEO of Disney?
“For the moment, that’s true,” says
Erlich. “He’s experienced, incredibly
skilled, and has been through many
cycles. The next time he picks his
successor, he knows it’s his legacy,
and he needs to pick the right one.”
The succession test also looms for a
trio of high-profile bank CEOs—Jamie
Dimon, CEO of JPMorgan Chase
(JPM) since 2006; Brian Moynihan,
Bank of America CEO since 2010; and
Morgan Stanley’s (MS) James Gor-
man, who also got the job in 2010.
Gorman has announced that he will
step down by next May, with no suc-
cessor yet named. Speculation about
who will succeed Dimon has been rife
for years, with numerous candidates
departing. (Try Googling “Jamie Di-
mon successors.”) And it’s worth not-
ing that all three are short-termers
compared with Blackstone (BX) co-
founder and CEO Steve Schwarzman,
who has been in the corner office for
38 years.
I asked Dave Cote, rock star CEO
of Honeywell International (HON)
in 2002-17—during which time the
company’s stock returned 372% ver-
sus 190% for the S&P 500—how he
knew when to step aside.
“I wanted to leave when the com-
pany was doing well because I didn’t
want my successor to be burdened
with problems,” Cote says. “And I
wanted to make sure that I didn’t lose
potential successors just because I
wanted to hang around. You can’t wait
too long, or the recruiters are going to
pick off your good guys.”
Is that what’s going on with Di-
mon? “I’ll let you sort that one out,”
Cote says, laughing. Actually, Dave,
that’s for the JPMorgan board. Be-
cause no CEO, not even Dimon, is
forever. B
30 BARRON’S June 26, 2023

T E C H T R ADER
A big rally in tech stocks, along with a promising
pipeline of AI companies, should be breathing life
into the IPO market. Why it isn’t so simple.

Where Are All the

Buyer says. “If this were 2021, compa- ative AI.
nies with hope and a good story could Says Kennedy: “Why go public when
go. Today, it takes more than that. Pub- VCs are showering you with capital?”
lic-market investors have no interest in

Tech IPOs? It’s Going T

being the greater fool. They can ride here are a few glimmers of
the AI wave with Microsoft, Alphabet, hope. The strong early per-
and Nvidia. Other than OpenAI, formance of this month’s
which could probably go tomorrow, IPO of restaurant company

To Be a While.
others will have to show something
very tangible before the institutional
investors dive in.”
Undaunted, I tried out my idea on
David Hornik, founder of venture
firm Lobby Capital and an early inves-
CAVA Group (CAVA), which doubled
on the first day of trading, is encourag-
ing. And, as Kennedy notes, there are a
handful of enterprise software compa-
nies that give off AI vibes, which could
be a lot closer to an IPO than the pure

A
few weeks ago, I
came up with an in-
genious hypothesis
about the initial pub-
lic offering market.
Hear me out, and
then I’ll explain why
everyone told me I was crazy—and
why the tech IPO window might open,
but only a crack, before the end of the
year.
This has been a fantastic year to
invest in technology stocks. The Nas-
daq Composite is up 30% as we near
the midyear mark. After the Nasdaq
tumbled 33% last year, investors
flocked back to tech stocks, for multi-
ple reasons.
Throughout 2022, the Federal Re-
serve steadily ratcheted up interest
rates, effectively reducing the value of
future earnings, damaging tech high-
fliers, both public and private. But the
Fed appears nearly done.
Meanwhile, the introduction last
year of ChatGPT by OpenAI—just
over 200 days ago—has triggered a
frenzy of investor interest in generative
artificial-intelligence plays, driving
huge gains across the market’s largest
technology stocks. Apple (ticker:
AAPL), Microsoft (MSFT), Alphabet
(GOOGL), Amazon.com (AMZN),
Nvidia (NVDA), Tesla (TSLA), Meta
Platforms (FB), Taiwan Semicon-
ductor (TSM), Broadcom (AVGO),
and Oracle (ORCL)—the 10 largest
U.S.-listed tech companies by market
value—have an average gain of 76%.
Sounds like a raging tech bull market,
don’t you think?
And here’s the other key ingredi-
ent. There are already more than a
tor in Bill.com, Fastly, GitLab, and gen-AI plays. He points to Databricks,
dozen venture-backed generative AI Splunk, among others. Turns out, a cloud-based data warehouse com-
unicorns—private companies with David is blunter than Lise. “No, I pany that competes with Snowflake
valuations north of $1 billion. That don’t think that the AI companies will (SNOW); Dataiku, a nearly 10-year-old
includes large-language model devel- jump in line,” Hornik told me. “The AI and machine learning company;
opers such as OpenAI, Anthropic, and Street has learned that lesson. Reve- Locus Robotics, which makes ware-
Cohere, and the open-source model nue talks and bulls—t walks. So, yeah, house robots; and Automation Any-
provider Hugging Face. OpenAI might have the revenue to where, which sells software to auto-
My hypothesis: When you combine support an IPO. And they should run mate business processes.
BY ERIC J. demand (for AI stocks) and supply (of to Nasdaq. But no one else will have There’s growing anticipation on the
SAVITZ AI start-ups), you have a perfect recipe anything but a story.” He says any Street about the pending IPO—possi-
for reopening the IPO window, driven rush to take AI firms public “is so bly this fall—for the chip-design firm
by investor thirst for new plays on AI, 1997...at least I hope.” Arm Holdings, which is being spun
which some people think is the most Matt Kennedy, senior IPO market off by parent SoftBank Group
important development since the inter- strategist at Renaissance Capital, which (SFTBY). But Arm is going to be
net, cloud computing, or the iPhone. runs the Renaissance IPO exchange- tricky to value—it doesn’t make or sell
Or the horseless carriage. Or the wheel. traded fund, says institutional inves- components; it generates licensing
A no-brainer, right? Well, no. tors focused on IPOs want to see an and royalty revenue from other chip
I ran my thinking past Lise Buyer, established business model, a path to companies. There are no effective
founder and managing partner of profitability, and at last $100 million in comparisons in the public market.
Class V Group, a consultancy focused revenue. OpenAI is the only company I talked to a senior tech banker at
on guiding companies through the IPO in the AI group that might meet those one of the biggest players in the IPO
process. She simply isn’t buying it. criteria, but it also has a deep-pocketed market, who told me there might be
“Most AI software companies don’t investor in Microsoft that has basically buyer appetite for IPOs, but potential
have enough there yet to go public,” bet the company on the future of gener- issuers are feeling gun-shy. “We could
take a lot of companies public right
now,” he says.
IPO Dreams For now, though, start-up leaders
The largest venture-backed companies ranked by private-market value. are balking, he says, because they’re
Market troubled by a potentially slowing
Company Value (bil) Comment economy and the need to likely take
ByteDance $225 TikTok parent; no IPO likely soon haircuts on recent private-market
SpaceX 137 Elon’s rocket biz; could spinoff Starlink unit
valuations. Some of the highest-valua-
tion unicorns (see table) raised money
Shein 66 Red-hot retailer founded in China
in 2021, when valuations were a lot
Stripe 50 Payments firm cut valuation 47%; IPO seen as far off higher. Companies with no great need
Canva 40 Graphics software; value tied to Adobe’s Figma bid for cash can simply wait to go public.
Revolut 33 VCs slashed valuation for the London fintech firm Meanwhile, companies that do need
Epic Games 32 Makes Fortnite and other games the cash are the ones least likely to be
attractive to IPO investors.
Databricks 31 Cloud data platform; competes with Snowflake
The banker’s conclusion: We might
Fanatics 31 Licensed sports merchandise
get Arm and a couple of others in the
OpenAI 29 ChatGPT parent; Microsoft has a huge stake back half of the year. But most tech
Sources: CB insights; company reports IPOs will have to wait for 2024. B
June 26, 2023
F UN DS
A Deep-Value Stock
Strategy That Doesn’t
Skimp on Quality
O
ld school—that’s the
best way to describe
Scott Barbee. As the
portfolio manager
of the Aegis Value
fund, he employs a
valuation discipline few of his peers
practice anymore—looking for dis-
counts to companies’ book values, or
net worth.
Differing from the pack has worked
well for the fund. Aegis Value (ticker:
AVALX) has beaten 93% of its peers in
Morningstar’s Small Value fund cate-
gory over the past 15 years, with a
9.8% annualized return.
A focus on classic deep value also
helped in 2022’s market bloodbath,
when rising interest rates punished
highly valued stocks. While the S&P
500 index was down 18.1% in 2022
and the popular small-cap value ex-
change-traded fund iShares Russell
2000 Value (IWN) fell 14.7%, Aegis
Value rose 10.5%.
Investing in the stocks of companies
that trade below their book value—the
accounting value of assets such as fac-
tories, inventory, and real estate, minus
liabilities—is a strategy first popular-
ized by Ben Graham in the 1930s. It
was subsequently studied and verified
as a factor in stocks that outperform
the market by Nobel Prize–winning
academic Eugene Fama in 1992.
But few companies of any signifi-
cant size trade below book value to-
day. Many of the largest, most valu-
able ones, such as Microsoft (MSFT),
have few physical assets on their bal-
ance sheets; rather, they own software
programs and other intellectual prop-
erty that book value doesn’t capture.
BARRON’S
BY LEWIS Also, large U.S. stocks are expensive
BRAHAM on a number of metrics, including
price-to-book value, and have been for
some time.
Consequently, Barbee’s stocks are
often the smallest, most overlooked
ones that big institutional investors
ignore. His monthly screen for compa-
nies with price/book ratios below 1 is
a useful measure, albeit with some
provisos, of the opportunity set for
deep-value investors today.
As of May 31, for instance, there
were 580 mainly tiny, obscure stocks
trading below a price/book ratio of 1.
“Historically since 2002, we have av-
eraged 296 stocks [trading below book
value], so the number is quite elevated
at the moment,” Barbee says. Though
the S&P 500 is surging this year, Bar-
bee believes “the climb in stocks on
our watch list is indicative of the un-
usual market bifurcation as it is highly
atypical for the list to grow as the
broad market blue chips are climbing
this strongly.”
Yet the high watch-list number to-
day isn’t an indicator to buy all things
deep value. Barbee points out that a
number of companies are low quality.
Particularly in the financial sector
after the Silicon Valley Bank collapse,
banks’ balance sheets may not reflect
the true current value of their bond
portfolios, as there is a time lag for
such balance-sheet markdowns:
“Many banks have hit the [watch] list
in recent months as book value hasn’t
been immediately impacted by in-
curred held-to-maturity losses on in-
vestment securities.” With the stocks
of regional banks down in anticipation
of such losses, the number of compa-
As of May 31, there were 580 mainly tiny stocks
trading below a price/book ratio of one, up from
an average of 296 in recent years, Barbee says.
nies trading at discounts to book value
has climbed.
B
arbee’s current portfolio con-
tains only about 60 stocks,
with just one bank—Bank of
Cyprus Holdings
(BOCH.UK), a position that might
seem curious as Greece’s financial
sector in the past was worse than the
U.S.’ before Silicon Valley Bank’s col-
lapse. The stock is up 145% in 2023.
“It has had great returns in a difficult
time for banking,” Barbee notes.
But the bulk of his portfolio is cur-
rently in mining, energy, and timber
stocks—companies with plenty of hard
assets. Barbee likes miners with “hid-
den assets,” such as Centerra Gold
(CGAU), as they can have what he calls
asymmetric returns relative to the
price of gold bullion—more upside and
hopefully less down as the market
eventually recognizes the hidden value.
In Centerra’s case, the company
owns mines worldwide, but its Turk-
ish one shut down last year after a
toxic mercury discovery in its process-
ing facilities. The stock plummeted,
but Barbee’s research indicated that
the mine would reopen, so he pur-
chased Centerra as it hit lows of $4 a
share in the third quarter. In May,
Turkish regulators issued a permit for
the miner to resume operations. That,
plus the fact that Centerra has other
mining operations for copper and mo-
lybdenum, leads Barbee to conclude
that the stock still “offers tremendous
Aegis Value’s Top
Ten Holdings
Company / Ticker
Amerigo Resources / ARG.Canada
Hallador Energy / HNRG
MEG Energy / MEG.Canada
Kenmare Resources / KMR.UK
International Petroleum / IPCO.Canada
Interfor / IFP.Canada
Peabody Energy / BTU
Orezone Gold / ORE.Canada
Equinox Gold / EQX.Canada
Minera Alamos / MAI.Canada
Note: Holdings as of March 31
Sources: Morningstar Direct; Aegis Funds
31
upside.” Currently, it trades for $6.
In energy, where Barbee has been
investing heavily in since the 2020
Covid-crisis oil collapse, he continues
to favor Canadian oil companies MEG
Energy (MEG.Canada) and Interna-
tional Petroleum (IPCO.Canada). He
likes their significant already-found-
and-waiting-to-be-extracted oil re-
serves, in an environment where much
of the shale-oil reserves in the U.S. are
being depleted.
“The shale revolution that had
added so much to the energy supply is
reaching an endpoint,” he says. It re-
quires an “immense amount of rein-
vestment and [capital expenditures]
just to keep the oil supply constant.”
The fact that MEG Energy already has
“30 to 40 years of reserves, while In-
ternational Petroleum has 15 [years’
worth]” is valuable.
In timber/lumber, Barbee likes
Interfor (IFP.Canada), which has
been hit hard by the decline in new
housing being built because of rising
interest rates. While it generally costs
$800 to produce 1,000 board feet of
lumber, the market is currently valu-
ing Interfor’s lumber assets at about
$330 per thousand feet, Barbee says.
Moreover, the Canadian government
owes the company some significant
export duty tax rebates it has yet to
pay—a hidden asset.
Given the strong stock market run
in 2023, Barbee hasn’t been buying
much. One new addition to his portfo-
lio is clothing retailer Delta Apparel
(DLA), which has a price/book ratio of
0.45. “We’ve followed this company
and been investors in and out of it for
nearly 20 years,” he says.
The stock has fallen almost 60% in
Weighting
the past year because rising cotton and
6.6%
labor costs have cut into the company’s
6.0 profit margins. But Barbee says Delta
5.3 is selling off its high-price inventory
5.1 and its management team “has proven
4.5
themselves very capable of managing
these kinds of situations in the past.”
4.1
He sees the selloff as temporary.
3.8 For a deep-value manager like Bar-
3.8 bee, such temporary setbacks spell
3.8 opportunity. B
3.4
For more bargains in small stocks,
see page 32.
32
Q&A
International
Small-Caps Are
Cheap. 5 Picks
BY LAUREN FOSTER
M
ark Costa discovered
value investing as a col-
lege student, when the
style was decidedly out
of favor. It was 1998—
two years before the
dot-com bubble burst
and small value began to outshine
megacap growth.
“I started reading books on value
and it made sense that you can actu-
ally price businesses. These aren’t just
stocks you’re speculating on based on
what other people think they’re
worth,” says Costa, director of the
investments group at Brandes Invest-
ment Partners in San Diego and port-
folio co-manager of the $300 million
Brandes International Small Cap
Equity fund (ticker: BISAX). Overall,
the team manages $725 million in its
international small-cap strategy.
Costa began his value-investing
career as an intern at Brandes, which
has been investing in value stocks
since 1974, and joined the firm in June
2000. He now wears many hats, in-
cluding co-managing four funds, and
has been on the team that manages the
international small-cap portfolio since
2009. This year, the fund is up 19.18%,
placing it in the first percentile of its
Morningstar category peers, ahead of
99% of the category. For one and three
years, the fund sits in the top quartile,
ranking in the first and ninth percen-
tiles, respectively.
Barron’s spoke with Costa on June 7
BARRON’S June 26
An Interview With Mark Costa, Director,
Investments Group, Brandes Investment Partners
about the outlook for international
small-cap stocks and some of his top
picks, including aerospace firm Rolls-
Royce Holdings (RYCEY), which
makes and maintains high-powered
engines, and Irish cider maker C&C
Group (CCR.UK). An edited version
of the conversation follows.
Barron’s: What is the case for inter-
national small-caps?
Mark Costa: There’s this mispercep-
tion of the quality of the businesses
within small-cap, particularly outside
the U.S. Most U.S. investors think
small-caps are risky and non-U.S. even
riskier. There are many small-cap com-
panies that are risky, but when you
have 10,000 companies to pick from,
you can discover businesses that are
the leading players in their industries.
This is particularly true outside of
the U.S. Why? Because a lot of the
countries we look at outside the U.S.
are small in population. You can buy
the largest wireless telecom operator
in a country outside of the U.S. and it’s
a small-cap just because it is serving
three or four million people.
How do you pick stocks?
We don’t think about investing in
pieces of paper that we’re looking to
trade in a few months. We think about
buying a share in an underlying busi-
ness that we’re willing to own for
years. That’s the mind-set we bring to
Photograph by
JOHN FRANCIS PETERS
6, 2023
“We really like businesses with good balance sheets, cash-flow characteristics, and
growth outlooks.”
our portfolio-construction process:
What is this business worth? What are
the competitive advantages? What are
the competitive weaknesses? How does
the company fit within its industry?
We want businesses with a strong bal-
ance sheet that can survive the uncer-
tainty of the future and that are trading
at a margin of safety. We look to buy at
a discount to our fundamental value
estimate. We also want companies that
manage their business with a margin
of safety. We really like businesses
with good balance sheets, cash-flow
characteristics, and growth outlooks.
What are some of your top picks?
One company we own is AIB Group
[AIBG.Ireland], the Irish bank.
The former large-cap stock?
Yes. After Covid, a lot of large-caps fell
into small-cap territory. Brandes is a
very flat organization, with 25 re-
search analysts who are industry spe-
cialists and cover their industry glob-
ally, across the market-cap spectrum.
Our analysts had already done the
research on the AIB and we were able
to act on it pretty quickly.
What appealed to them?
We bought AIB in 2020, around the
time that central banks unleashed an
unprecedented policy response [to the
Covid pandemic closures], sending
interest rates to zero in Europe. His-
torically, we’ve had a structural bias
away from banks—we were under-
weight banks because small-cap banks
lack scale compared with larger com-
petitors and this is a global, competi-
tive industry in which scale matters.
AIB is the second-largest bank in
Ireland in a highly consolidated mar-
ket, with 30% market share across
different lending categories. It has an
overcapitalized balance sheet. Post-fi-
nancial crisis, Ireland had a property
bubble that collapsed and the govern-
ment nationalized AIB Group and took
it public with a clean balance sheet.
The regulatory landscape was tight
in terms of underlying credit require-
ments, so we felt good about the credit
book and balance sheet. We also liked
that the bank had low exposure to
long-term fixed-rate debt. You’re see-
BARRON’S
Mark Costa
ing the consequence of that in the U.S.
today. There’s no such thing as a 30-
year mortgage in Ireland—they are
mostly variable, so you aren’t taking
the interest-rate risk on duration.
How has the business—and the
stock—performed?
When we bought it, the price had
fallen to 3 billion euros [$3.3 billion] in
market capitalization. The company
had €13 billion of capital. And that
didn’t include a €2 billion to €3 billion
tax asset unrecognized on the balance
sheet. We were buying a leading player
with scale and excess capital in a coun-
try that had a healthy credit environ-
ment. That was a no-brainer.
It has done well—the stock is up
roughly 300% in the past three years.
It continues to have good upside be-
cause interest rates are now higher.
AIB is raising the dividend and there
is potential for excess capital distribu-
tion as the government loosens some
of the tight regulations from the finan-
cial crisis. While the stock has per-
formed well from the Covid lows, AIB
remains a top holding in our portfolio
due to its durable competitive position,
strengthening business fundamentals,
and attractive valuation, with the
added benefit of potentially higher
capital returns to shareholders. AIB
trades at an attractive seven times con-
sensus 2023 earnings per share and
0.9 times price to tangible book value.
Rolls-Royce is another holding.
How is the company doing?
Rolls-Royce is a company we followed
for years. Its main business is design-
ing and manufacturing commercial
engines for wide-body planes—planes
with a double aisle. The engines last
30 years and the company typically
sells them at a loss but makes the
profits back on the service agree-
ments, which are highly profitable.
Rolls went through a period when
it wasn’t striking those long-term
agreements at attractive rates. Back in
2015-17, we felt uncomfortable with its
accounting and free-cash-flow conver-
sion, and it had some warranty issues.
We passed on the company, even
though it was trading at a low price-
to-earnings multiple.
What changed?
Covid happened—and with the travel
lockdowns, Rolls got hit pretty hard.
We had taken a big exposure to aero-
space in the months following the
emergence of Covid to capitalize on
the short-term market fears, but Rolls
was just too risky for us. Then inter-
national air travel recovered and the
company raised more than 3 billion
pounds sterling [$3.8 billion] through
an equity offering and disposal of
noncore assets, which allowed it to
pay off a lot of debt. Also, Rolls ex-
tended its debt maturities.
So, we looked again at the big risks.
Air travel recovery: That box is
checked. Balance sheet: That’s fixed.
Then, in 2022, we started to see signs
of cash flow recovering. We already
had an investment thesis, and then the
United Kingdom had a mini budget
crisis that September, and most of the
stocks on the London Stock Exchange
fell dramatically. That’s when we are
able to buy this business at an attractive
price. Rolls is a former large-cap, and
its market cap fell to around £5 billion
to £6 billion. Today it is trading around
£13 billion. We continue to like the
business and see considerable upside.
Any other aerospace holdings?
We owned only one aerospace name
prior to Covid, as the sector was ex-
pensive and sitting at the peak of its
cycle. Following Covid, the sector was
crushed, so we now own several aero-
space names. In aggregate, the posi-
tion is now our single largest sector
allocation, at 11.5% of the portfolio.
We have owned Embraer [ERJ] on
and off since 2001. We know it well,
but it is misunderstood by the market
and doesn’t have a lot of analyst cover-
age. Embraer is based in Brazil but is
a global business: It’s the dominant
player in commercial regional aircraft
and also provides military aircraft to
the Brazilian government. Embraer is
also a leading provider of business
jets, with 15%-20% market share.
The hidden gem is the services
business, which is growing at double-
digit rates and is highly profitable.
Embraer is well capitalized and en-
tered Covid with $2.8 billion in cash.
It has good long-term growth pros-
33
pects. Backlogs are already back above
pre-Covid levels, and free cash flow is
already positive.
What else do you like?
C&C Group has been around since the
early 1900s and owns a 60%-plus
market share in Irish cider and 50%
of the Scottish beer market. It also has
a strong distribution business. C&C’s
pub exposure was hit hard during
Covid, so the recovery of that profit-
able business line, as consumers move
back to consuming beverages in pubs
rather than at home, is the key driver
of our long-term thesis. While bever-
ages are generally a stable/defensive
business, Covid turned them into a
cyclical story. The end-market recov-
ery should drive strong earnings and
cash-flow growth. Over time, there
may be additional upside should the
market multiple expand to more ap-
propriately reflect the company’s more
stable business characteristic.
Millicom International Cellular
[TIGO] is another holding. It is a Lux-
embourg-headquartered wireless and
hard-line telecom firm that services
nearly 50 million customers in Latin
America. We have followed the com-
pany for more than 15 years, but only
bought the stock this year. We think
Millicom is among the most attrac-
tively valued Latin American telecoms
providers. Its operations are concen-
trated in countries that have relatively
low competition, lenient regulation,
and manageable foreign-exchange
risk, while offering a favorable macro-
economic outlook.
We believe Millicom is mispriced
because of its complexity, thin Wall
Street coverage, and depressed free
cash flow. Typically, investors like
telcos for their cash-generative busi-
ness models. In this case, the com-
pany is making large investments in
wireline that are consuming cash
flow, so it doesn’t screen as attractive.
As these investments complete, cash
flow should recover. Because the
stock isn’t well covered, these attri-
butes aren’t appropriately reflected in
the stock price. That makes us ex-
cited about owning the position here.
Thanks Mark. B
34
THE EC ONOMY
Germany Has Very
Low Unemployment.
Why Is It in Recession?
G
ermany is a long
way from the
U.S., with a differ-
ent geopolitics
and economy. But
Germany’s recent
economic plight
might offer some clues to what may lie
ahead for the U.S.
Germany, Europe’s economic pow-
erhouse, went into recession after its
gross domestic product fell over the
past two quarters. Much of the blame
for the recession has been laid on
weakness in Germany’s key manufac-
turing sector, which has been crippled
by energy costs from the Ukraine war
and the withdrawal of government
spending after the Covid pandemic.
Germany’s downturn has dragged
down the entire 20-nation euro area,
pulling it into recession as well.
It’s an atypical recession. The rea-
son: German unemployment has re-
mained near historically low levels. In
April, Germany’s jobless rate was run-
ning just below 3%, even lower than
the U.S. level of 3.4%.
The anomaly of a recession with
low unemployment has implications
for everyone from investors to work-
ers to central bankers. On the one
hand, it may mean that interest rates
have to go higher than previously
thought to bring down inflation. On
the other hand, the downturn caused
by higher rates could turn out to be
less painful than past experience
would imply—that is, the rebound can
start off on a strong foot.
European Central Bank President
Christine Lagarde described the labor
market as an “enigma” on June 15, as
BARRON’S
she raised interest rates again and
promised more hikes to come. She
noted that labor and wage growth are
“major drivers” of inflation, implying
that rates may have to stay higher for
longer to control cost pressures.
Like Germany, the U.S. labor mar-
BY BRIAN ket has remained strong despite the
SWINT Federal Reserve’s interest-rate in-
creases. The U.S. economy cooled in
June, according to the S&P Global
purchasing managers index released
on Friday, with both services and
manufacturing falling. Still, services
continue to expand while manufactur-
ing is shrinking, the report showed.
Even if the U.S. follows Germany
into recession, unemployment might
remain relatively low, making the
downturn shallower than it might
otherwise have been—but also requir-
Resilient Labor
Both Germany and the U.S. have seen unemployment steadily
fall since the pandemic, despite aggressive interest-rate hikes
by their respective central banks.
U.S. unemployment rate Germany unemployment rate
17.5%
15.0
12.5
10.0
7.5
5.0
2.5
0 that haven’t been hit as badly as man-
2008 '10 '15 '20
Note: Recessions are shaded; seasonally adjusted.
Source: Organization for Economic Co-operation and Development via St. Louis Fed
German unemployment is near historically low
levels. In April, Germany’s jobless rate ran just
below 3%, lower than the U.S. level of 3.4%.
ing higher rates to corral inflation.
A stubbornly low jobless rate is a
problem for central bankers on both
sides of the Atlantic. They aren’t eager
to admit it, but one of the main ways
higher interest rates quell inflation is
by prodding companies to cut costs.
As companies downsize and let staff
go, it’s harder for workers to bid up
pay. Muted wage growth, in turn,
makes it harder for companies to raise
prices, slowing inflation.
On the flip side, if unemployment
doesn’t rise, workers have more lever-
age to seek higher pay, particularly if
inflation has been strong. That rein-
forces inflationary tendencies.
Unemployment is also a lagging
indicator. Joblessness usually rises
after economic growth cools, and in-
creases the longer recessions go on.
What’s behind this low unemploy-
ment? “The labor market is still in good
shape. It’s not a typical recession,” says
Stefan Schneider, Deutsche Bank’s
chief Germany economist in Frankfurt.
It’s possible that companies are “wor-
ried that if they let people go, they
won’t be able to hire them again later.”
Schneider believes the lack of lay-
offs has a lot to do with skills short-
ages and demographics of an aging
workforce. Companies are reluctant to
cut staff, especially when vacancy
rates remain high. With baby boomers
hitting retirement age, workers that
companies let go may choose to retire
rather than remain in the workforce.
It’s another indication of how aging
populations are becoming an infla-
tionary force, adding to powerful
pressures pushing up consumer
prices that have surprised policy mak-
ers over the past few years. Forecasts
from both the Fed and the European
Central Bank have underestimated
inflation, even before the surge in en-
ergy costs following Russia’s invasion
of Ukraine in February 2022.
Deepening the problem is that Ger-
many is still seeing its services sector
bounce back after Covid shut things
down. That’s a problem, since services
create jobs in parts of the economy
ufacturing in the economic downturn.
Indeed, inflation in services is one
of the main reasons the ECB will
June 26, 2023
“We’re looking at quite
a bleak, muted
outlook for [German]
growth. But the worst
is behind us...”
Andrzej Szczepaniak
probably continue raising interest
rates even though economic growth
has ground to a halt. Core inflation,
which excludes volatile components
such as food and energy, has also re-
mained surprisingly strong.
Again, the similarity with the U.S.
situation is stark. The Fed, which be-
gan its tightening campaign last year,
has raised rates further and faster
than the ECB. The Fed is undoubtedly
hoping it can thread the needle by
cutting the number of jobs available—
listed as vacancies in unemployment
statistics—to keep a lid on wages with-
out actually driving up the jobless rate
enough to trigger a recession.
So far, the U.S. labor market re-
mains resilient. The latest U.S. Job
Openings and Labor Turnover Survey
showed 1.8 job openings for every
unemployed person. Traditionally,
economists reckon that ratio needs to
be lower, say 1 to 1.2, to be consistent
with a labor market that isn’t adding
to inflation pressures.
“It’s very possible for the Fed to slow
the economy and bring down the va-
cancy rate materially without necessar-
ily inducing a hard landing,” says No-
mura economist Andrzej Szczepaniak.
“The unemployment rate could stay
much more subdued and not rise as
you would expect under normal tight-
ening cycles.”
Meanwhile, Germany’s outlook still
doesn’t look great. Deutsche Bank pre-
dicts modest expansion in the second,
third, and fourth quarters. But if the
contraction is as bad as it gets, Ger-
many, and by extension the euro area,
can count itself lucky. “We’re looking at
quite a bleak, muted outlook for
growth,” says Szczepaniak. “But the
worst is behind us in some sense.” B
June 26, 2023
Sullivan, et al. v. Barclays plc, et al.
SUMMARY NOTICE OF PROPOSED CLASS ACTION SETTLEMENT
If you transacted in Euribor Products1 between June 1, 2005 and March 31, 2011, inclusive (“Class Period”),
then your rights will be affected by a pending class action settlement, and you may be entitled to a portion of the settlement fund.
The purpose of this Notice is to inform you of your rights in
connection with the proposed settlement with Settling Defendant
Société Générale in the action titled Sullivan, et al. v. Barclays plc, et
al., 13-cv-2811 (PKC) (S.D.N.Y.). The settlement with Société
Générale (the “Settlement”) is not a settlement with any other
Defendant and thus is not dispositive of any of Plaintiffs’ claims
against other Defendants.
The Settlement has been proposed in a class action lawsuit
concerning the alleged manipulation of the Euro Interbank Offered
Rate (“Euribor”) and the prices of Euribor Products during the Class
Period. The Settlement provides a total of $105 million to pay
claims from persons who transacted in Euribor Products during the
Class Period. If you qualify, you may potentially receive benefits
from the Settlement if you (a) previously submitted a Proof of
Claim and Release form (“Claim Form”) in connection with prior
settlements in this Action or (b) submit a Claim Form by the
deadline set forth below. You can also choose to exclude yourself
from the Settlement, or object to the Settlement.
The United States District Court for the Southern District of
New York (500 Pearl St., New York, NY 10007-1312)
authorized this Notice. Before any money is paid, the Court will
hold a Settlement Hearing to decide whether to approve the
Settlement.
Who Is Included?
You are a “Settlement Class Member” if you purchased, sold,
held, traded, or otherwise had any interest in Euribor Products
during the Class Period, and during the Class Period were either
domiciled in the United States or its territories or, if domiciled
outside the United States or its territories, you transacted in Euribor
Products in the United States or its territories during the Class
Period. “Settlement Class Members” include, but are not limited to,
all persons who during the Class Period traded CME Euro currency
futures contracts and options, all persons who during the Class
Period transacted in NYSE LIFFE Euribor futures and options from
a location within the United States, and all persons who during the
Class Period traded any other Euribor Product from a location
within the United States or its territories.
Contact your brokerage firm to see if you purchased, sold,
held, or traded or otherwise had any interest in Euribor Products. If
you are not sure you are included, you can get more information,
including the Settlement Agreement,2 the Notice of Proposed
Class Action Settlement, September 7, 2023 Settlement Hearing
Thereon, and Settlement Class Members’ Rights (the “Settlement
Notice”), Plan of Allocation, Proof of Claim and Release, and other
important documents, at www.EuriborSettlement.com (“Settlement
Website”) or by calling toll-free 800-492-9154.
What Is This Litigation About?
Plaintiffs allege that during the Class Period, Defendants
(including Société Générale) conspired to manipulate and
manipulated Euribor and the prices of Euribor Products. Plaintiffs
allege that Defendants did so by using several means of
manipulation. For example, Plaintiffs allege that panel banks that
made daily Euribor submissions to Thomson Reuters falsely reported
banks’ costs of borrowing in order to financially benefit their Euribor
Products positions. Plaintiffs also allege that Defendants requested
that other Defendants make false Euribor submissions on their behalf
to benefit their Euribor Products positions.
1 “Euribor Products” means any and all interest rate swaps, forward rate agreements, futures, options, structured products, and any other instrument or transaction related in any way to Euribor, including but not limited to, New York Stock
Exchange (“NYSE”) London International Financial Futures and Options Exchange (“LIFFE”) Euribor futures contracts and options, Chicago Mercantile Exchange (“CME”) Euro currency futures contracts and options, Euro currency forward
agreements, Euribor-based swaps, Euribor-based forward rate agreements, and/or any other financial instruments that reference Euribor.
2 The “Settlement Agreement” means the agreement between Plaintiffs and Société Générale entered into on March 31, 2023, and filed with the Court in this action.
BARRON’S
UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK
Plaintiffs further allege that Defendants continuously conspired
to fix the prices of Euribor Products in the over-the-counter
market to financially benefit their own Euribor Products
positions. In addition to coordinating Euribor submissions and
agreeing on where to price Euribor Products, Plaintiffs allege that
to effectuate their alleged manipulations of Euribor and Euribor
Products during the Class Period, Defendants engaged in
“pushing cash,” transmitted false bids and offers, used derivative
traders as submitters, and rigged bids and offers for Euribor
Products.
Plaintiffs have asserted legal claims under various theories,
including the Sherman Act, the Commodity Exchange Act, the
Racketeering Influenced and Corrupt Organizations Act, and
common law.
Société Générale has agreed to enter into this Settlement
Agreement, while denying the allegations brought in this action
and maintaining that it has meritorious defenses to Plaintiffs’
claims of liability and damages, in order to avoid further expense,
inconvenience and the distraction of burdensome and protracted
litigation, and thereby to resolve this controversy and avoid the
risks inherent in complex litigation.
What Does the Settlement Provide?
Under the Settlement, Société Générale agreed to pay a total of
$105 million into the Settlement Fund. If the Court approves the
Settlement, eligible Settlement Class Members who either
previously submitted a Claim Form in connection with an earlier
settlement in the Action or submit a valid Claim Form before the
claims filing deadline may receive a share of the Settlement Fund
after they are reduced by the payment of certain expenses. The
Settlement Agreement, available on the Settlement Website,
describes all of the details about the proposed Settlement. The
exact amount each qualifying Settlement Class Member will
receive from the Settlement Fund cannot be calculated until (1) the
Court approves the Settlement; (2) certain amounts identified in
the full Settlement Agreement are deducted from the Settlement
Fund; and (3) the number of participating Class Members and
the amount of their claims are determined. In addition, each
Settlement Class Member’s share of the Settlement Fund will
vary depending on the information the Settlement Class Member
provides on their Claim Form.
The number of claimants who send in claims varies widely from
case to case. If less than 100% of the Settlement Class sends in a
Claim Form, you could get more money.
How Do You Ask For a Payment?
If you timely submitted a Claim Form pursuant to either: (1) the
November 29, 2017 Notice (the “2017 Notice”) related to the $94
million settlement with Defendants Barclays plc, Barclays Bank
plc, and Barclays Capital Inc. (collectively, “Barclays”), the $45
million settlement with HSBC Holdings plc and HSBC Bank plc
(collectively, “HSBC”), and the $170 million settlement with
Deutsche Bank AG and DB Group Services (UK) Ltd.
(collectively, “Deutsche Bank”); (2) the December 19, 2018
Notice (the “2018 Notice”) related to the $182.5 million
settlement with Citigroup Inc. and Citibank, N.A. (collectively,
“Citi”) and JPMorgan Chase & Co. and JPMorgan Chase Bank,
N.A. (collectively, “JPMorgan”); and/or (3) the June 8, 2022
Notice (the “2022 Notice”) related to the $55 million settlement
35
No. 13-cv-2811 (PKC)
with Crédit Agricole S.A. and Crédit Agricole CIB (collectively,
“Crédit Agricole”), then YOU DO NOT HAVE TO SUBMIT A
NEW CLAIM FORM TO PARTICIPATE in the Settlement with
Société Générale. Any Settlement Class Member who
previously submitted a Claim Form in connection with the 2017
Notice, the 2018 Notice, and/or the 2022 Notice will be subject
to and bound by the releases set forth in the Settlement
Agreement with Société Générale, unless such member submits
a timely and valid request for exclusion, explained below.
If you are a Settlement Class Member and have not previously
submitted a Claim Form, you may seek to participate in the
Settlement by submitting a Claim Form to the Claims
Administrator at the address in the Settlement Notice postmarked
no later than October 9, 2023. You may obtain a Claim Form on
the Settlement Website or by calling the toll-free number
referenced above. If you are a Settlement Class Member and do
not file a Claim Form, you will still be bound by the releases set
forth in the Settlement Agreement if the Court enters an order
approving the Settlement Agreement.
What Are Your Other Options?
All requests to be excluded from the Settlement must be made
in accordance with the instructions set forth in the Settlement
Notice and must be postmarked to the Claims Administrator no
later than July 27, 2023. All requests for exclusion must comply
with the requirements set forth in the Settlement Notice to be
honored. The Settlement Notice, available at the Settlement
Website, explains how to exclude yourself or object. If you
exclude yourself from the Settlement Class, you will not be
bound by the Settlement Agreement and can independently
pursue claims at your own expense. However, if you exclude
yourself, you will not be eligible to share in the Net Settlement
Fund or otherwise participate in the Settlement.
The Court will hold a Settlement Hearing in this case on
September 7, 2023 at 2:00 p.m. (ET), to consider whether to
approve the Settlement and a request by the lawyers
representing all Settlement Class Members (Lowey Dannenberg,
P.C. and Lovell Stewart Halebian Jacobson LLP) for an award of
attorneys’ fees of no more than sixteen percent (16%), or
$16,800,000, of the Settlement Fund for investigating the facts,
litigating the case, and negotiating the Settlement, and for
reimbursement of their costs and expenses in the amount of no
more than $500,000. The Plaintiffs may submit an additional
request for service awards in light of their continued
commitment and contributions that led to this Settlement for the
benefit of the putative class, but have agreed to limit any such
request to no more than $150,000. The lawyers for the
Settlement Class may also seek additional reimbursement of
costs and expenses in connection with services provided after
the Settlement Hearing. These payments will also be deducted
from the Settlement Fund before any distributions are made to
the Settlement Class.
You may ask to appear at the Settlement Hearing, but you do
not have to. For more information, call toll-free 800-492-9154 or
visit the website www.EuriborSettlement.com.
36 BARRON’S June 26, 2023

MARKET WEEK
June 19 through June 23, 2023

International Trader P. 39 Power Play P. 41

Striking Price P. 40 Charting the Market P. 42
Inside Scoop P. 41 Winners & Losers P. 43
13D Filings P. 41 Statistics P. 45

MARKET PERFORMANCE DASHBOARD

Dow Jones Industrials S&P 500 Nasdaq Composite Industrial Select Sector SPDR ETF

33,727.43
52-wk: +7.07% YTD: +1.75% Wkly: -1.67%
4348.33
52-wk: +11.16% YTD: +13.25% Wkly: -1.39%
13,492.52
52-wk: +16.24% YTD: +28.91% Wkly: -1.44%
$103.28
52-wk: +16.28% YTD: +5.16% Wkly: -2.06%

1.0%
“A Long Way To Go.” The R-Word
Federal Reserve Chair Jerome Powell gave Data on the U.S. manufacturing economy
0.5
Congressional testimony on Wednesday. out Friday morning further stoked
Powell doubled down on the message that fears of a potential recession. Stock
more hikes may be needed to fight inflation. indexes fell to close out a losing week. 0

-0.5

-1.0

-1.5

Jitters Turnaround -2.0

Economic concerns were the theme on The S&P 500 snapped a three-day losing
Tuesday, after FedEx management gave streak on Thursday, led by growth-
-2.5
disappointing guidance for the year oriented stocks and sectors in a reversal of
ahead. S&P 500 industrials lost 1.1%. recent trading. Industrials stocks fell again.
-3.0
Tuesday Wednesday Thursday Friday Close
Source: Barron’s Statistics

T
he stock market It’s no secret what’s driving the Fundstrat. The “magnificent seven,”

THE TRADER has disturbed, irri-

tated, and puzzled
investors by rally-
gains. The big seven stocks, Apple
(ticker: AAPL), Microsoft (MSFT),
Alphabet (GOOGL), Amazon.com
as he calls them, cut costs to start
the year. That is now showing up
in Wall Street projections. For the
ing this year, and (AZMN), Nvidia (NVDA), Tesla group, earnings estimates for 2023
so the “I told you (TSLA), and Meta Platforms and 2024 are up an average of 7%
so”s were flying (META), are up a market capital- and 6%, respectively, over the past

AI or Not, this past week after all three major

indexes slumped. But this isn’t the
By AL ROOT ization-weighted average of 25%
since the Nasdaq started its run
few months.
AI is a coming tailwind. “I never

Don’t Bet beginning of the end. Stocks haven’t

gotten frothy enough.
eight weeks ago, and 14% since
Nvidia reported blowout quarterly
use the term AI; I barely know what
it means,” he says. But “is this the

Against
The S&P 500 index fell 1.4% this numbers on May 24, boosted by beginning of a six- to 12-month surge
past week, snapping a five-week rising demand for artificial-intelli- in [estimate] revisions like we saw

Tech
winning streak, while the Dow Jones
Industrial Average dropped 572
points, or 1.7%, and the Nasdaq Com-
posite declined 1.4%, ending an eight-
week winning streak. Yet even after
the drops, the S&P 500 remains up
13% in 2023.
gence computing power.
And even in a down week, three
of the seven finished the week higher,
and all but Microsoft and Tesla out-
performed the S&P 500.
It isn’t all AI, says Brian Rauscher,
head of global portfolio strategy for
during the [dot-com] bubble?”
That potential isn’t reflected in
stocks yet. Microsoft, for instance, is
back to trading only where it was in
late 2021, and that’s probably a reflec-
tion of current fundamentals, not
AI optimism, says Francisco Bido,
June 26, 2023 BARRON’S 37

a portfolio manager at Integrated Alpha. Select Sector SPDR exchange-traded

“Microsoft…will be a beneficiary of the
AI movement,” he says. “[The stock] has
another 20% to 30% in front of it.”
So how will we know when AI has
reached bubble territory? Look for the
silly acronyms and novel valuation meth-
odologies to begin popping up. That’s
what happened during the dot-com boom
when investors suddenly paid attention to
eyeballs and clicks more than actual earn-
ings and earnings growth. Beware when
the talk turns to exaflops to market cap
(look it up).
“We’re so early in this phase of FOMO,”
Rauscher says, referring to the fear of
missing out. “I would not be surprised
before year end [to see] a brand-new
valuation methodology…some new AI
metric.”
There is no guarantee that AI will be-
come everything that investors imagine.
But tech doesn’t need that to keep work-
ing. With inflation sticky, the Fed might
not be done raising interest rates. But
that’s a reason to avoid overweighting
banks and energy, Rauscher says. Tech
should be just fine.
“If you can’t bet on ’em, don’t bet
against ’em,” says Rauscher.
At least not until the bubble really gets
inflated.
Climbing Aboard the Supercycle
The U.S. is on the cusp of an industrial
supercycle, partly fueled by $2 trillion in
spending coming from new federal plans
for infrastructure and electric-vehicle
development.
That possibility is like catnip for this
former engineer and current industrial
reporter who often recommends shares
of hard-to-understand manufacturing
companies that few have ever heard of.
You wouldn’t know a boom is coming
from looking at how the industrial sector
performed this past week. The Industrial
fund (ticker: XLI) dropped 2.1%. That’s
not the worst-performance in the S&P
500—that honor goes to the Real Estate
Select Sector SPDR ETF (XLRE), which
dropped 4.9. But it’s also far from the best:
See what you are
the Health Care Select Sector SPDR
ETF (XLV) slipped just 0.2%.
Still, this looks like a good time to buy
missing out on!
the industrial dip. Besides all that new
spending and reporter biases, there are
other reasons for increasing exposure to
manufacturing stocks now. The best is that
the industrial economy looks to be finally
bottoming out.
4.58%*
The Institute for Supply Management
Purchasing Manager Index, or PMI,
shows whether the U.S. manufacturing
economy is growing. The PMI has regis-
tered contraction for seven consecutive
months. That’s a long time. The longest
streak in the past 20 years was 11 consecu-
tive months beginning in September 2008,
right at the nadir of the financial crisis.
A new ISM PMI reading is due on July 3,
and it’s expected to show a rise to 47.4 in
June, from 46.9 in May.
If the worst is behind the sector, things
are bound to improve. That dynamic was
behind Fundstrat managing partner
Thomas Lee’s call to increase manufactur-
ing exposure in May. This week he reiter-
ated that call, writing that it had “new
traction,” as existing-home sales and
building permits, reported this week,
came in better than expected.
But what to buy? One plausible strategy
is don’t fight the federal government. Look
for popular stocks with improving outlooks
0.45% 0.35%
tied to the reshoring of manufacturing,
infrastructure spending, and the electrifi-
cation of everything, a catchall term for the
0.01%
effect that EVs and renewable energy are
having on the economy. These are all get-
ting a boost from the $1.2 trillion Infra-
IBKR SCHW AMTD ETRAD
structure Investment and Jobs Act and the
$500 billion Inflation Reduction Act. The best-informed investors choose Interactive Brokers

Vital Signs
Friday’s Week’s Week’s Friday’s Week’s Week’s
Close Change % Chg. Close Change % Chg.
DJ Industrials 33727.43 -571.69 -1.67 Barron’s Future Focus 914.61 -19.40 -2.08
DJ Transportation 14687.87 -104.99 -0.71 Barron’s Next 50 2562.23 -50.94 -1.95
DJ Utilities 902.46 -22.46 -2.43 Barron’s 400 943.95 -21.62 -2.24
DJ 65 Stocks 11243.88 -171.95 -1.51 Last Week Week Earlier
DJ US Market 1059.07 -16.58 -1.54 NYSE Advances 920 1,813
NYSE Comp. 15469.35 -325.77 -2.06 Declines 2,168 1,303
NYSE Amer Comp. 4038.65 -68.19 -1.66 Unchanged 64 63 ibkr.com/dont-miss-out
S&P 500 4348.33 -61.26 -1.39 New Highs 153 276
S&P MidCap 2514.94 -65.13 -2.52 New Lows 80 56
S&P SmallCap 1166.32 -38.48 -3.19 Av Daily Vol (mil) 4,332.4 4,699.7
Nasdaq 13492.52 -197.06 -1.44 Dollar (Finex spot index) 102.86 102.24
Member NYSE, FINRA, SIPC. Supporting documentation for any claims and statistical information will be provided upon request.
Graphic reflects rates paid on uninvested instantly available cash in your brokerage account. Competitor rates and offers subject to
Value Line (arith.) 9027.65 -246.50 -2.66 T-Bond (CBT nearby futures) 127-29 127-11
change without notice. Services vary by firm. [*] Rate shown applies to IBKR Pro clients only. Positive settled cash balances held in the
Russell 2000 1821.63 -53.83 -2.87 Crude Oil (NYM light sweet crude) 69.16 71.78
securities segment of accounts with NAV>100k earn the stated interest rate 5/5/2023 and those with NAV<100k earn a proportional
DJ US TSM Float 43304.81 -711.03 -1.62 Inflation KR-CRB (Futures Price Index) 263.00 270.91 rate. Cash held in the commodities segment of an account does not earn interest. For more information, see ibkr.com/interestpaid
Gold (CMX nearby futures) 1919.10 1958.40 05-IB23-1623-HP
38 BARRON’S
Industry Action
Performance of the Dow Jones U.S. Industrials, ranked by weekly percent change.*
Health Care
–1.25
–1.73
–1.90
–2.23
–2.31
–2.66
COMMUNICATIONS SERVICES SECTOR –3.41
–2.67
OF THE S&P 500 IN ONE ETF
United Rentals (URI), Deere (DE),
Visit www.sectorspdrs.com or call 1-866-SECTOR-ETF Eaton (ETN), Schneider Electric (SB-
GSY), Quanta Services (PWR), and
Johnson Controls International (JCI)
An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a
prospectus, which contains this and other information, call 1-866-SECTOR-ETF or visit www.sectorspdrs.com. Read the are among the stocks that fit the bill.
prospectus carefully before investing. United Rentals and Deere provide equip-
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 ment for construction. Quanta builds com-
results in greater price fluctuations than the overall stock market. Ordinary brokerage commissions apply. plex electrical infrastructure. Eaton and
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. Schneider make equipment for electrical
ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. infrastructure. Johnson Controls sells heat
pumps that electrify home heating
and cooling.
These are popular stocks with analysts.
Almost 70% of those covering the compa-
nies rate the shares a Buy, well above the
average Buy-rating ratio of 55% for stocks
in the S&P 500. All six are expected to
grow earnings in the coming years, and
2024 earnings estimates have been going
up in recent months.
The sextet trades for about 17 times 2024
estimated earnings, on average, a little be-
low the S&P 500 multiple of 18 times. But
the range is wide. United Rentals trades for
about nine times earnings, while Quanta
trades for about 23 times.
They’re as good a place to start as any
when a buying opportunity finally presents
itself.
Tesla and the Downside of AI Hype
Tesla started tweeting on Wednesday from
an official Twitter account devoted to artifi-
cial intelligence, one designed to highlight
how the EV maker’s AI efforts can help the
company in the future. It’s also a reason to
sell the stock.
Tesla’s shares (TSLA) have soared this
year, but they’re also exceptionally volatile.
The stock has ranged from about $102 to
$315 over the past year. The $213 gap is
more than 100% of the average closing
price over that span. The same calculation
for Apple (AAPL) yields about 40% of the
average price.
June 26, 2023
0.05%
–0.12 Consumer Services
Consumer Goods
Technology
Industrials
Telecommunications
Basic Materials
Utilities
Financials
Oil & Gas
Source: S&P Dow Jones Indices
With Tesla, it’s often easy, or easier, to
see why the stock is moving up or down. It
isn’t always simple, though, to understand
why it moves so much for the given reason.
Consider the recent run. Coming into
Thursday’s trading, Tesla shares were up
about 42% since May 25. Two things
happened that day. First, Nvidia stock
soared 24% after reporting that its AI-
related business was doing much better
than anyone expected. Then, Tesla and
Ford Motor (F) announced a deal allow-
ing Ford drivers to use Tesla’s Super-
chargers.
Both events, like the new @Tesla_AI
Twitter account, crystallized the idea that
Tesla is more than just a car company,
something key for Tesla valuation. Tesla,
after all, is worth about three Toyota Mo-
tors (TM), despite selling a fraction of the
vehicles. In addition to EVs, Elon Musk’s
car company owns its own dealership, has
a chain of charging stations, offers AI-
developed software to help cars drive
themselves, and sells solar roofs, utility-
scale battery-storage products, and even
car insurance.
Given Nvidia’s 40% rise since its blow-
out quarterly report, excitement over AI
is probably responsible for much of Tesla’s
gains. That makes sense, but there are
limits. Tesla shares now trade for about
77 times 2023 estimated earnings, up from
25 times when Barron’s wrote positively
about the stock early this year. Simply put,
the AI frenzy has made the shares a little
pricey for our tastes.
Wall Street is starting to see things our
way. Tesla’s recent run has driven two
downgrades from analysts over the past
few days. Both Morgan Stanley and Bar-
clays took their ratings to Equal Weight
from Overweight. Both brokers cited the
AI-related hype that had inflated the
stock’s valuation. B
June 26, 2023
INTERNATIONAL TRADER
Modi Looks to Expand
India’s Tech Ambitions
BY CRAIG MELLOW
A O
state dinner at the White House,
address to a joint session of Con-
gress, and one-on-one with Elon
Musk might satisfy most foreign
leaders visiting Washington. Indian Prime
Minister Narendra Modi brings bigger
ambitions with him this week: hitching
India’s wagon to the decoupling/derisking/
friend-shoring star that is gradually shift-
ing advanced manufacturing out of China.
The Biden administration is happy to
help, rolling out grand-sounding bilateral
programs such as the Initiative for
Emerging and Critical Technology and
Semiconductor Supply Chain and Inno-
vation Partnership. It still won’t be easy.
From a standing start in the 1990s,
India has built a globally competitive
brain-power complex, Bengaluru and
Hyderabad taking their place alongside
San Jose and Shenzhen as knowledge
nexuses. Firms like Tata Consultancy
Services (ticker: 532540.India) and Info-
sys (500209.India) have pioneered the
new economic category of IT outsourc-
ing. The U.S. semiconductor elite em-
ploys tens of thousands of Indian re-
searchers for chip design.
What India doesn’t do well is make
complicated stuff. The country produces
less than 5% of the world’s electronics;
China, more than a third. Modi is throw-
ing subsidy money and political capital at
changing that. “They want the back office
of the world to also become the workshop
of the world,” says Ravi Shankar
Chaturvedi, co-founder of Tufts Univer-
sity’s Digital Planet program.
The top trophy of high-tech manufac-
turing, a “fab” to produce semiconductors,
looks beyond India’s reach for the mo-
ment, not least because the companies
involved have commitments elsewhere. In
just the past week, U.S. champion Intel
(INTC) greenlighted $40 billion worth of
new fabs in Israel, Germany, and Poland.
Modi could walk away with a smaller
BARRON’S
prize from his summit: a $2.7 billion plant
from U.S. memory-chip power Micron
Technology (MU) to test and package
semiconductors postproduction. Delhi
will reportedly subsidize half the cost.
“The Micron investment would be a first
baby step,” says Gaurav Gupta, a re-
searcher at tech consultant Gartner. “Sing-
apore, Malaysia, and Vietnam already
have testing and packaging ecosystems.”
TCS, Infosys, and rivals are linked to
the old new economy, particularly the
U.S. banks that dominate their client
lists, says Rahul Malhotra, a Singapore-
based tech analyst at AB Bernstein. That
has kept their stocks subdued while the
artificial intelligence frenzy lifts other
tech names. “The IT services guys will
benefit from AI maybe two or three years
from now, when their bank customers
start integrating it,” he predicts.
What India has that Singapore, Malay-
sia, and Vietnam don’t is scale. The na-
tion of 1.4 billion churns out 2.5 million
college graduates in STEM specialties
each year. Its economy, No. 5 in the world,
is growing by more than 6% annually.
The digital economy is growing much
faster. Amazon.com (AMZN) last month
earmarked $13 billion to build out cloud
services in India.
Modi’s manufacturing drive has plenty
of low-hanging fruit to pick in less-than-
cutting-edge tech, Tufts’ Chaturvedi as-
serts. “You could see a big domestic mar-
ket in simple chips for cars and washing
machines that are feeding India’s own
growing affluence,” he says.
As the pomp laid on in Washington
attests, there’s good reason to believe that
India’s hour has come, or at least might be
coming. “What happened in China over
the past 10 to 15 years will happen in India
over the next 10-15,” says Hemant Taneja,
CEO of San Francisco–based venture-cap-
ital firm General Catalyst, which invested
in nine Indian companies last year.
Modi offers no shortcut to decoupling
from China, though. B
I N C O M E I N V E ST I N G
Put This on a Post-It:
3M’s Payout Looks Dicey
BY AL ROOT
ne of the “dividend aristocrats” is
in trouble—and a payout cut is
likely coming. Investors should
avoid 3M stock, at least until the
payout is reduced.
3M (ticker: MMM) has paid a dividend
for more than 100 years and raised its
annual payout for over 60 years, putting it
in rarefied air. The company is one of the
66 dividend aristocrats in the ProShares
S&P 500 500 Dividend Aristocrats
exchange-traded fund (NOBL), a portfolio
of firms that have raised payouts for at
least 25 consecutive years.
The list might be 65 soon. 3M currently
pays a $1.50 quarterly dividend, giving the
stock a yield of almost 6%. That’s too high
for an aristocrat—the average company
yields less than 2%—and shows that in-
vestors are worried about something.
That something is 3M’s legal issues—
two of them, to be exact. First, the com-
pany is defending itself against accusa-
tions that it sold faulty earplugs to the
military. It also has to worry about so-
called forever chemicals—they’re techni-
cally known as per- and polyfluoroalkyl
substances, or PFAS—that the Environ-
mental Protection Agency designated as
hazardous substances in April due to their
potential to cause cancer and other health
issues. Last Thursday, 3M announced a
$12.5 billion settlement for PFAS remedia-
tion for public water suppliers, and more
settlements are likely to come.
Settling or fighting both issues will
drain liquidity and might make cash
preservation a higher priority for the
121-year-old company, famous for its
Scotch tape and Post-it Notes.
With 3M stock trading at just 11 times
estimated 2024 earnings, below its five-
year average of 16 times, it’s possible that
those issues are reflected in the price.
But that was before the legal liabilities
started to weigh on the stock. And with
all the unknowns, RBC analyst Deane
39
Dray can’t recommend the shares. He
rates 3M stock underperform, which is
the equivalent of Sell. His price target is
$95 a share, down about 6% from recent
levels of about $102 a share.
Overall, 3M might have to take on as
much as $30 million in debt to cover all
settlements, according to Wolfe Research
analyst Nigel Coe. That would take debt
levels to about five times earnings before
interest, taxes, deprecation, and amorti-
zation, or Ebitda, based on 2023 esti-
mates—well above the typical ratio below
two times for S&P 500 nonfinancial com-
panies. What’s more, that debt could add
more than $1 billion in annual interest
expense, which would eat up roughly
20% of projected free cash flow and push
annual dividend payouts to more than
80% of projected free cash flow.
“The 3M board faces some hard
choices,” writes Coe, who also rates
shares the equivalent of Sell and has a
$92 price target on the stock.“It isn’t a
question of whether, but how much, the
dividend resets.”
3M directed Barron’s to recent com-
ments by CEO Mike Roman, who said
the dividend has been “a high priority.”
A dividend cut could come when 3M
completes the spinoff of its healthcare
business, slated for the end of 2023. The
new healthcare company is expected to
have more debt than the parent company,
which will help 3M’s balance sheet. But
the spin will also remove healthcare’s
earnings, some $2.4 billion in 2022
Ebitda, or 36% of profits, before corpo-
rate and other expenses. 3M will hold
about 20% of the healthcare IPO, which
could be worth $5 billion, but that isn’t
enough to shore up the balance sheet,
given all the legal woes.
Yes, there might be one or two more
$1.50 payouts ahead of the healthcare
spin. But investors looking for yield
should pass on 3M—at least until some of
the legal dust settles and the reset is
done. B
40 BARRON’S June 26, 2023

T H E ST RIKING PRIC E
How to harness the upside in stocks with less risk
using call spreads on the Technology Select Sec-
tor SPDR exchange-traded fund.

Hit by FOMO? Here’s How Equity Options

To Play the Market Safely.

CBOE Volatility Index The Equity-Only Put-Call Ratio
VIX Close VIX Futures Put-Call Ratio S&P 500 Index
36 225

200

28 175

BY STEVEN M. SEARS in a way that balances risk and reward,

I
150
consider call spreads. The strategy be-
f all of your friends decided to came a favorite of the fast-money set after 20 125
jump off a bridge, you probably the global financial crisis because it often
100
wouldn’t jump too. Such is one of positions investors to make 100% returns
the great lessons of childhood. on rising stocks without taking on tons of 12 75
But if you thought that all of risk. J A S O N D J F M A M J J A S O N D J F M A M J
your friends were making money Consider the Technology Select Sec- Daily Values Source: CBOE Source: McMillan Analysis Corp.
trading stocks and options, you tor SPDR ETF (ticker: XLK). The fund is
would likely feel yourself consumed with up about 40% this year, fueled in part by
the fear of missing out, or FOMO, for mak- even better-performing stocks such as SPX Skew NDX Skew
ing money. Such is one of the great lessons Nvidia (NVDA). Implied volatility % Implied volatility %
of adulthood. With XLK at $168.65, an investor would 13% 11%
Investors need something like the Di- buy the August $175 call and sell the Au- 12
agnostic and Statistical Manual of Mental gust $185 call. The spread costs about $2.25 10
11
Disorders to check their behavioral bi- and is worth a maximum profit of $10 if 9
ases. But self-awareness for most inves- the ETF is at $185 or higher at expiration. 10
tors usually comes after the bust, which is If the ETF declines, and is below $175 at 9 8
probably why there are so few truly great expiration, the trade fails, although with a 8
7
investors. silver lining. Options cost less than buying
7
Everyone likes to quote Warren Buffett, the underlying stock, so you lose less using 6
6
who famously said investors should be options instead of stocks. During the past
greedy when others are fearful and fearful 52 weeks, XLK has ranged from $112.97 to 5 5
when others are greedy. But few people $176.30. J A S O N D J F M A M J J A S O N D J F M A M J
ever feel comfortable doing the opposite of The call spread has something else that Source: Credit Suisse Equity Derivatives Strategy Source: Credit Suisse Equity Derivatives Strategy

the market mob. makes the strategy even more economical 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.
So, consider this column as a dose of going forward than buying a stand-alone
FOMO-overdose antidote to keep greedy call. Plus, call spreads let investors mone-
investors alive if the market mob OD’s on tize greed. Week’s Most Active
stocks. Oh, the medicine will still hurt— One of the great qualities of call spreads Company Symbol Tot Vol Calls Puts Avg Tot Vol IV %ile Ratio

but at least you won’t be dead. is that the strategy lets investors monetize DICE Therapeutics DICE 35784 14655 21129 320 66 111.8
Grindr GRND 7896 7518 378 204 77 38.7
Forget for a moment that just last week the greed of other people. La-Z Boy LZB 7142 3556 3586 264 80 27.1
we noted that options-trading flows were This happens by selling the upside call FingerMotion FNGR 16781 16594 187 872 49 19.2
telegraphing cautiousness, reinforcing the to the dealer, or whoever winds up buying Abcam ABCM 2847 2659 188 160 100 17.8
Root ROOT 10781 5997 4784 692 89 15.6
existence of a disconnect between major it. Put another way, the spread helps inves- Steelcase SCS 3293 2330 963 236 16 14.0
institutional investors and the market tors to express their greed without being Embraer ERJ 26444 24023 2421 2728 6 9.7
mob. We’ve seen this disconnect emerge a consumed by their greed. This is impor- Lordstown Motors RIDE 36636 24467 12169 4608 96 8.0
Virgin Galactic SPCE 855906 586586 269320 108556 98 7.9
few times since 2000, and each time the tant and appropriate for these times.
Algoma Steel ASTL 22724 22055 669 3068 36 7.4
ending was violent and messy. Many bullish calls on many stocks are Hive Blockchain Technologoes HIVE 14846 13571 1275 2044 1 7.3
Yet, the rubble of each market crash trading with greed premiums because so China A-Shares ETF ASHR 329854 326030 3824 51376 33 6.4

has created an evangelical belief all across many people are buying calls to chase and nCino NCNO 7255 5788 1467 1356 32 5.4
CureVac CVAC 14560 14105 455 2780 69 5.2
the world that stocks always regain their trade the stock market rally. CarMax KMX 85215 37025 48190 16516 97 5.2
upward momentum, no matter what led What’s the catch to all of this? The LivePerson LPSN 12358 8522 3836 2404 91 5.1
them to tumble. This is probably the drawback is that spreads limit profits. You Applied Optoelectronics AAOI 15406 11710 3696 3080 91 5.0
Hut 8 Mining HUT 134308 112953 21355 28608 11 4.7
greatest risk facing the markets. But hey, can only make the difference between the Fedex FDX 430761 195432 235329 93876 5 4.6
it’s more fun to think about making two strike prices. Of course, anyone who
money than not, so here’s a strategy quibbles with the prospect of limited risk 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
worth contemplating. strategies that could produce a 100% re- 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
If you want to try to harness the upside turn needs to see a shrink. B Ratio is the Tot Vol divided by Avg Tot Vol. IV %ile is how expensive the options are on a scale from 0 to 100. Source: McMillan Analysis
June 26, 2023
I N S I DE SC OOP
Caesars Entertainment
CEO Tom Reeg Buys Stock
BY ED LIN
C
aesars Entertainment
stock sports a year-to-date
gain, but it flatlined in
June—and CEO Tom Reeg
bought a large block of
shares of the gaming and
lodging company.
Caesars stock (ticker: CZR) has
gained about 8% so far in 2023. The
fourth-quarter report in February and
the first-quarter report on May 2 were
both upbeat.
J.P. Morgan analyst Joseph Greff
wrote after the first-quarter report
that “properties in its Las Vegas and
regional gaming markets, broadly,
remain relatively healthy and steady,
despite an uncertain slowing macro.”
Greff edged up the price target on Cae-
sars stock to $70 from $69, and reaf-
firmed an Overweight rating.
But after surging in the first few
Activist Holdings
Madrigal Pharmaceuticals
(MDGL)
Baker Bros. Advisors owns
1,545,113 common shares of the
pharmaceutical firm. That figure
excludes 1.97 million and 400,000
series A and B convertible pre-
ferred securities, respectively, that
currently cannot be converted due
to ownership limitations. Baker
Bros. filed as an activist investor on
June 15, as its co-founder Julian
Baker and managing director Ray-
mond Cheong were appointed to
Madrigal’s board that day, with
days of June, shares traded sideways.
On June 14, Reeg paid $370,725 for
7,500 Caesars shares, at an average
price of $49.43 each. He purchased the
stock through a trust that now owns
17,500 shares, according to a form
Reeg filed with the Securities and Ex-
change Commission. He also owns
another 318,270 shares in a personal
account.
Caesars didn’t respond to a request
to make Reeg available for comment.
His last open-market purchase of
stock was in March 2022, when he
paid $713,755 for 10,000 Caesars
shares, at an average price of $71.38
each. That transaction was also made
through the trust.
J.P. Morgan’s Greff added, “We con-
tinue to see value in the shares of Cae-
sars with an underappreciation of its
free-cash-flow generation, with the
shares implying attractive free-cash-
flow yields.” B
Julian Baker elected chairman. Baker
Bros. remains one of Madrigal’s larger
shareholders with an 8.4% stake.
Increases in
Holdings
Bioventus (BVS)
Juniper Investment raised its posi-
tion in the maker of medical devices to
6,656,987 shares, excluding those held
by Juniper Investment co-founder
John Bartholdson. Juniper Invest-
ments purchased 747,851 Bioventus
shares from June 12 through June 15 at
BARRON’S
per-share prices ranging from $2.72
to $3.63. Following the fresh invest-
ment, Juniper Investment holds
10.7% of Bioventus’ tradable stock.
Bartholdson was appointed to Bio-
ventus’ board this January. Bioven-
tus has gained 15% year to date,
though it trades well below an all-
time high of $19.94 reached in late
June 2021.
Decreases in
Holdings
GMS (GMS)
Coliseum Capital trimmed its
interest in the building-materials
company to 4,772,485 shares. From
Gaming and lodg- June 12 through 16, Coliseum Capi-
ing company Cae- tal sold 1,564,088 GMS shares at
sars Entertain- prices ranging from $66.01 to
ment has seen its $68.80 each. Following those sales,
shares lose some Coliseum holds 11.6% of GMS’ out-
steam. CEO Tom standing stock. GMS reported a
Reeg then bought strong fourth quarter on June 22.
a block of stock on RBC Capital Markets analyst Mike
the open market. Dahl lifted his price target on GMS
stock to $68 from $55, and kept a
Sector Perform rating. Dahl wrote
in a research report, “[W]e still see
a balanced risk/reward following
the recent rally in the stock.”
Expro Group Holdings
(XPRO)
Oak Hill Advisors reduced its
holding in the well services firm to
17,774,045 shares, excluding shares
underlying restricted stock. Oak
Hill Advisors executed a block
trade sale of 2,320,000 Expro
Group shares at a price of $17.37
apiece on June 13. No reason was
cited for the sale that leaves Oak
Hill with nearly 16.4% of Expro
Group’s tradable stock.
These disclosures are
from 13Ds filed with
the Securities and
Exchange Commission.
13Ds are filed within
Mercury Systems (MRCY)
Starboard Value cut its stake by
10 days of an entity’s
attaining more than
5% in any class of a
nearly a third in the government
and aerospace contractor to
2,660,258 shares. Starboard Value
company’s securities.
Subsequent changes sold 1,112,033 Mercury Systems
in holdings or inten- shares at prices ranging from
tions must be re- $40.78 and $43.19 apiece from June
ported in amended
filings. This material is 6 through June 14. Starboard now
from June 15 through owns 4.6% of Mercury Systems,
June 21, 2023. Source:
VerityData (verityplat-
below the 5% threshold that would
form.com) require the disclosure of any fur-
ther Mercury Systems stock sales.
41
POWER PLAY
NRG Activist
Likely Won’t
Back Down
BY CARLETON ENGLISH
N
RG Energy announced
a raft of changes at its
investor day Thursday,
but activist investor
Elliott Management
probably won’t be pla-
cated.
The Houston-based utility in-
creased its buyback program to $2.7
billion from $1 billion, with a plan
to return 80% of excess cash to
investors. NRG (ticker: NRG) also
identified $150 million in cost re-
ductions, and said it was working
with a search firm to bolster the
board of directors.
Those moves sent NRG stock up
3% in Thursday’s trading. BofA
Securities analysts said the com-
pany’s updates to shareholders
were “exceeding the goal post,” and
reiterated a Buy rating on shares.
Similarly, John Buethe, a portfolio
manager for Maven Investment
Partners, called NRG “one of the
most exciting growth areas in clean-
tech,” in light of its updates and
acquisition of Vivint Smart Home in
March. It’s strategy, he added, is
“potentially transformative.”
But not all on Wall Street are so
impressed with NRG’s update—a
lack of consensus that probably
means Elliott won’t back down.
Elliott didn’t comment on NRG.
Notably, NRG’s projected cost
cuts of $150 million fall short of
Elliott’s target of $500 million.
Also, analysts at Wolfe Research
say NRG’s presentation lacked de-
tails, which “makes it harder to buy
into a five-year outlook, especially
after hiccups in recent years.”
The Wall Street Journal reported
in the past week that the hedge
fund is looking to oust NRG CEO
Mauricio Gutierrez and other mem-
bers of management. Barron’s con-
firmed the report with sources fa-
miliar with the situation. B
42 BARRON’S June 26, 2023

CHARTING THE MARKET

A graphic look at selected stock activity
for the week ended June 23, 2023
Edited by Bill Alpert

Sarepta Therapeutics uniQure Marathon Digital Holdings Smith & Wesson Brands
SRPT (NASD) • $114.09 • -16.35 QURE (NASD) • $11.45 • -8.00 MARA (NASD) • $12.71 • 2.73 SWBI (NASD) • $13.51 • 1.58
The company’s gene therapy for muscular dystro- A clinical trial of the company’s gene therapy for the Bitcoin miners like Marathon rose with the crypto- The gun maker hiked its dividend 20%, after re-
phy got FDA approval—but for a narrow population fatal neurological illness Huntington’s Disease yielded currency, as a crypto exchange was unveiled by porting better-than-expected April quarter earnings
and conditional on results of an ongoing study. mixed results—leaving its effectiveness unsure. Schwab, Citadel Securities and other Wall Streeters. of 32 cents a share. It foresees strong sales.

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

161 30 32 18
142 26 26 16
123 22 20 14
104 18 14 12
85 14 8 10
66 10 2 8

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

18 16 312 10
9 8 156 5
0 0 0 0
J J A S O N D J F M A M J J J A S O N D J F M A M J J J A S O N D J F M A M J J J A S O N D J F M A M J

Overstock.com DICE Therapeutics Spirit AeroSystems Holdings Oncolytics Biotech

OSTK (NASD) • $23.91 • 1.98 DICE (NASD) • $46.70 • 12.85 SPR (NYSE) • $28.10 • -2.82 ONCY (NASD) • $2.74 • 0.81
In a bankruptcy auction, the web retailer acquired For $2.4 billion, or $48 a share, Eli Lilly will acquire Workers voted Wednesday to strike, at the at the The biotech said its experimental drug will be part
the brand name and other intellectual property of Dice—which is developing two oral drugs for auto- aerospace manufacturer which supplies most of of a Phase 3 trial of treatments for pancreatic
Bed Bath & Beyond, for $21.5 million, immune disorders like psoriasis. Boeing’s jet bodies. Negotiations are continuing. cancer. Earlier studies were promising.

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

61 48 44 5
52 41 39 4
43 34 34 3
34 27 29 2
25 20 24 1
16 13 19 0

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

20 50 26 20
10 25 13 10
0 0 0 0
J J A S O N D J F M A M J J J A S O N D J F M A M J J J A S O N D J F M A M J J J A S O N D J F M A M J

CarMax Virgin Galactic Holdings Root Gulfport Energy

KMX (NYSE) • $86.21 • 6.58 SPCE (NYSE) • $4.34 • -0.39 ROOT (NASD) • $10.98 • 4.63 GPOR (NYSE) • $97.27 • -7.10
While sales fell 17%, cost savings helped the used After a recent rise in its stock, the space tourism The technology-enabled insurer got a buyout offer The energy firm registered 1.3 million shares for
care dealer report $1.44 a share in May quarter firm announced a $400 million stock offering to for $80 million, said the Wall Street Journal. Root selling shareholders, institutions that got stock in
earnings—including 28 cents from a legal settlement. fund its commercial spaceship fleet. was once valued above $7 billion. 2021 when Gulfport emerged from bankruptcy.

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

120 13 53 113
106 11 43 102
92 9 33 91
78 7 23 80
64 5 13 69
50 3 3 58

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

38 274 16 4
19 137 8 2
0 0 0 0
J J A S O N D J F M A M J J J A S O N D J F M A M J J J A S O N D J F M A M J J J A S O N D J F M A M J

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.
June 26, 2023 BARRON’S 43

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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
EmpresaDisCom(EDN) 470 14.65 +2.67 +22.3 LiveWire(LVWR) 1375 1826.9 11.27 +1.27 ContangoOre(CTGO) 521 1126.7 24.50 –6.96 Root(ROOT) 14849 2532.5 10.98 +4.63
GreenTree(GHG) 101 5.34 +0.90 +20.3 GlobalBlue(GB) 1531 1737.8 4.65 –0.42 EvansBancorp(EVBN) 754 885.8 24.89 –0.36 DiceTherap(DICE) 49662 1973.7 46.70 +12.85
BrightHealth(BHG) 751 13.62 +2.18 +19.1 SeacorMarine(SMHI) 3765 1439.8 11.21 +0.79 InfuSystems(INFU) 2529 861.2 9.88 –0.05 FidelityD&D(FDBC) 630 1678.9 49.31 –0.05
FivePoint(FPH) 242 2.67 +0.39 +17.1 HimalayaShipping(HSHP) 3788 1428.5 6.34 +0.40 GencorInds(GENC) 1452 809.8 14.54 +0.15 CodorusValleyBncp(CVLY) 1238 1517.8 19.70 –0.41
QuotientTech(QUOT) 32579 3.88 +0.53 +15.8 EveHolding(EVEX) 2525 1193.6 10.73 +0.89 dMYSquaredTechA(DMYY) 370 750.2 10.27 –0.05 NorthernTechsIntl(NTIC) 410 1497.6 10.75 –0.49
Offerpad(OPAD) 1336 9.99 +1.23 +14.0 GlblBusTravel(GBTG) 5127 1013.6 7.87 +0.85 EVI Industries(EVI) 588 554.3 22.30 +0.41 PennsWoodsBncp(PWOD) 867 1448.3 25.99 –0.86
BigLots(BIG) 12382 8.59 +1.01 +13.3 MauiLand(MLP) 911 909.6 14.49 +0.65 BluerockHomes(BHM) 727 532.8 15.68 –1.25 VigilNeurosci(VIGL) 2308 1371.7 9.60 –0.76
XFinancial(XYF) 196 4.71 +0.55 +13.2 MagnumOpusA(OPA) 1539 858.6 10.44 +0.06 CaledoniaMining(CMCL) 2307 476.3 12.65 –0.90 FiestaRestaurant(FRGI) 2290 1174.2 8.15 –0.50
Grindr(GRND) 6857 852.3 5.62 –0.25 ActiniumPharm(ATNM) 4462 346.6 7.51 –0.24 ESSA Bancorp(ESSA) 1068 1109.0 15.85 +0.14
Losers CrownPropA(CPTK) 436 807.7 10.24 +0.04 EvolutionPetrol(EPM) 5608 278.0 7.91 –0.53 PrincetonBncp(BPRN) 669 1078.0 27.20 –1.43
Name (Sym) Volume Close Change %Chg.
GraniteRidge(GRNT) 4778 806.5 6.79 +0.21 BattalionOil(BATL) 304 278.0 5.65 –0.51 SecurityNatFin(SNFCA) 1409 1071.2 8.66 +0.10
WheelsUp(UP) 13815 1.13 –1.99 –63.8 TaroPharm(TARO) 1354 805.1 38.77 –1.87 CoreMoldingTech(CMT) 1167 257.1 20.19 +0.95 Escalade(ESCA) 1193 1029.0 13.80 +0.42
LocalBounti(LOCL) 721 3.17 –1.36 –30.0 TownsquareMedia(TSQ) 1696 753.5 11.30 +0.15 Envela(ELA) 831 192.8 6.98 –0.58 ViscogliosiBros(VBOC) 662 1011.0 10.48 –0.01
OneConnectFin(OCFT) 262 4.10 –1.70 –29.3 GenAsia I A(GAQ) 276 753.4 10.50 +0.05 BlueRiverA(BLUA) 66 149.9 10.49 –0.04 Nathan's(NATH) 343 971.2 76.29 –3.35
AlticeUSA(ATUS) 43351 2.13 –0.85 –28.5 AssocCapital(AC) 385 697.7 35.01 –0.67 EmpirePetrol(EP) 266 130.2 9.00 –1.08 EntradaTherap(TRDA) 2927 953.9 14.74 –0.11
C3.ai(AI) 123263 33.39 –11.10 –24.9 SeaDrill(SDRL) 11586 678.8 38.00 –0.62 Southland(SLND) 432 127.2 8.25 –0.98 AlloVir(ALVR) 13046 952.0 3.28 –2.02
Trinseo(TSE) 2532 12.26 –3.00 –19.7 OcwenFinancial(OCN) 1024 655.7 28.72 –0.72 CompX Intl(CIX) 83 95.6 22.05 –0.75 NorwoodFin(NWFL) 1049 933.0 30.73 –0.95
GaotuTechedu(GOTU) 8704 2.91 –0.71 –19.6 ATI PhysTherapy(ATIP) 615 626.6 11.13 +0.60 Chase(CCF) 265 80.8 121.95 –5.47 SouthernStBcsh(SSBK) 914 922.7 21.38 –0.62
LumenTech(LUMN) 200427 1.82 –0.43 –19.1 P10(PX) 6742 570.4 10.90 –0.59 AultDisruptive(ADRT) 699 72.3 10.98 –0.04 C&F Fin(CFFI) 413 877.2 53.65 –2.13
ErmenegildoZegna(ZGN) 12700 570.2 12.44 +0.93 inTEST(INTT) 2177 68.6 24.50 +0.31 Cricut(CRCT) 7054 804.5 15.75 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. PalantirTech(PLTR) 357233 14.03 –2.27 –13.9 Senseonics(SENS) 103851 0.82 +0.02 +2.1 Tesla(TSLA) 720314 256.60 –3.94 –1.5
AmbiparEmergency(AMBI) 291 8.20 +2.15 +35.5 VirginGalactic(SPCE) 274283 4.34 –0.39 –8.2 NavideaBiopharm(NAVB) 73138 0.09 +0.01 +7.3 Nikola(NKLA) 299602 1.29 +0.10 +8.4
AultAlliance(AULT) 294 8.00 +1.29 +19.2 NuHoldings(NU) 249330 7.56 +0.02 +0.3 AirspanNetworks(MIMO) 52930 0.17 +0.02 +11.7 AegleaBioTherap(AGLE) 296943 0.40 +0.26 +186.3
Oragenics(OGEN) 22 3.39 +0.46 +15.5 FordMotor(F) 201646 14.02 –0.40 –2.8 Tellurian(TELL) 50163 1.32 –0.06 –4.3 AdvMicroDevices(AMD) 285940 110.01 –10.07 –8.4
Espey(ESP) 11 19.00 +1.35 +7.6 LumenTech(LUMN) 200427 1.82 –0.43 –19.1 UraniumEner(UEC) 41971 3.41 +0.12 +3.6 Amazon.com(AMZN) 271175 129.33 +3.84 +3.1
AvalonHoldings(AWX) 25 2.40 +0.15 +6.7 NIO(NIO) 189684 8.43 –0.97 –10.3 B2Gold(BTG) 35307 3.57 –0.09 –2.5 Intel(INTC) 228633 33.00 –3.37 –9.3
FlexSolInt(FSI) 56 2.77 +0.17 +6.5 BankofAmerica(BAC) 184267 27.75 –1.44 –4.9 Ur-Energy(URG) 33170 1.01 –0.10 –9.0 Apple(AAPL) 203567 186.68 +1.76 +1.0
BK Tech(BKTI) 25 16.61 +0.81 +5.1 AT&T(T) 143652 15.45 –0.61 –3.8 i-80Gold(IAUX) 30933 2.16 –0.05 –2.3 Lucid(LCID) 192058 5.47 –1.01 –15.6
CoreMoldingTech(CMT) 1167 20.19 +0.95 +4.9 Carnival(CCL) 137782 15.80 0.00 0.0 Globalstar(GSAT) 21276 0.97 –0.13 –11.7 SoFiTech(SOFI) 179023 8.28 –0.32 –3.7
GinkgoBioworks(DNA) 124820 1.70 –0.20 –10.5 enCoreEnergy(EU) 20042 2.39 –0.11 –4.4 NVIDIA(NVDA) 177608 422.09 –4.83 –1.1
Losers C3.ai(AI) 123263 33.39 –11.10 –24.9 LineageCell(LCTX) 19804 1.36 –0.05 –3.5 EveloBiosci(EVLO) 176061 0.17 +0.05 +41.7
Name (Sym) Volume Close Change %Chg.
PetroleoBrasil(PBR) 111341 14.09 +0.19 +1.4 FOXOTechnologies(FOXO) 19266 0.33 +0.00 +0.2 OpendoorTech(OPEN) 174117 2.93 –0.08 –2.7
InnSuitesHosp(IHT) 295 2.31 –0.79 –25.5 Coupang(CPNG) 101028 16.60 –0.68 –3.9 Zomedica(ZOM) 18725 0.20 –0.01 –6.0 Canoo(GOEV) 171371 0.50 –0.16 –24.2
ContangoOre(CTGO) 521 24.50 –6.96 –22.1 Vale(VALE) 97088 13.70 –0.74 –5.1 NewGold(NGD) 11817 1.06 –0.05 –4.5 Rivian(RIVN) 138502 13.53 –1.35 –9.1
GoldenMinerals(AUMN) 195 1.86 –0.39 –17.3 SouthwesternEner(SWN) 96499 5.50 –0.05 –0.9 Castellum(CTM) 11094 0.49 –0.03 –5.8 WarnerBrosA(WBD) 134230 11.79 –1.01 –7.9
Cohen(COHN) 213 4.05 –0.69 –14.6 CNH Indl(CNHI) 95961 13.73 –0.80 –5.5 DenisonMines(DNN) 10602 1.18 –0.07 –5.6 Alphabet A(GOOGL) 118225 122.34 –1.19 –1.0
Azitra(AZTR) 556 4.28 –0.66 –13.4 Carvana(CVNA) 92687 21.41 –3.91 –15.4 RingEnergy(REI) 10586 1.72 –0.09 –5.0 Surgalign(SRGA) 117438 0.28 –0.94 –77.1
GranTierraEner(GTE) 1650 4.83 –0.65 –11.9 BaytexEnergy(BTE) 91927 2.95 –0.30 –9.2 ProtalixBio(PLX) 10455 2.24 +0.09 +4.2 CloverHealth(CLOV) 110264 0.89 –0.02 –1.7
MAG Silver(MAG) 4156 10.86 –1.46 –11.9 Snap(SNAP) 91244 10.82 +0.14 +1.3 Cybin(CYBN) 9318 0.28 +0.01 +2.5 MetaPlatforms(META) 109785 288.73 +7.73 +2.8
Cel-Sci(CVM) 568 2.31 –0.28 –10.8 Pfizer(PFE) 86381 38.30 –1.76 –4.4 DunxinFinl(DXF) 8818 0.14 –0.03 –15.3 PayPal(PYPL) 99615 66.94 +0.51 +0.8

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) 1313687 148.56 –0.12 –0.1 Tesla(TSLA) 188109504 256.60 –3.94 –1.5
BerkHathwy A(BRK.A) 14271840510000.00–4000.01 –0.8
Name (Sym) Volume Close Change %Chg.
UnitedHealth(UNH) 8291791 477.00 +18.51 +4.0 UraniumEner(UEC) 142083 3.41 +0.12 +3.6 NVIDIA(NVDA) 75937527 422.09 –4.83 –1.1
Root(ROOT) 14849 10.98 +4.63 +72.9 B2Gold(BTG) 124823 3.57 –0.09 –2.5 Apple(AAPL) 37697741 186.68 +1.76 +1.0
Oracle(ORCL) 7961988 118.64 –6.82 –5.4
LyraTherap(LYRA) 2003 4.33 +1.30 +42.9 Senseonics(SENS) 86231 0.82 +0.02 +2.1 Amazon.com(AMZN) 34515163 129.33 +3.84 +3.1
Salesforce(CRM) 7793490 210.09 –1.67 –0.8
DiceTherap(DICE) 49662 46.70 +12.85 +38.0 Tellurian(TELL) 67506 1.32 –0.06 –4.3 Microsoft(MSFT) 32903877 335.02 –7.31 –2.1
Visa(V) 7061945 229.55 +0.64 +0.3
IrisEnergy(IREN) 10495 4.60 +1.18 +34.5 ImperialOil(IMO) 67046 48.02 –1.71 –3.4 AdvMicroDevices(AMD) 32316073 110.01 –10.07 –8.4
ExxonMobil(XOM) 6290183 102.40 –2.73 –2.6
VeraTherap(VERA) 8910 17.27 +4.40 +34.2 i-80Gold(IAUX) 66845 2.16 –0.05 –2.3 MetaPlatforms(META) 31003571 288.73 +7.73 +2.8
Chevron(CVX) 6106670 151.35 –5.91 –3.8
Lulu'sFashion(LVLU) 3879 3.14 +0.79 +33.6 IvanhoeElectric(IE) 55247 13.51 –1.31 –8.8 Alphabet A(GOOGL) 14373741 122.34 –1.19 –1.0
EliLilly(LLY) 5748478 458.84 +11.13 +2.5
SummitTherap(SMMT) 30923 2.65 +0.57 +27.4 inTEST(INTT) 53794 24.50 +0.31 +1.3 Alphabet C(GOOG) 11698619 123.02 –1.04 –0.8
Boeing(BA) 5632520 205.41 –14.58 –6.6
Hut8Mining(HUT) 94667 2.93 +0.63 +27.4 enCoreEnergy(EU) 48427 2.39 –0.11 –4.4 Netflix(NFLX) 9776385 424.02 –7.94 –1.8
Alibaba(BABA) 5504542 84.92 –7.18 –7.8
Losers BerkHathwy B(BRK.B) 5395593 335.25 –3.06 –0.9 MAG Silver(MAG) 46503 10.86 –1.46 –11.9 Broadcom(AVGO) 9406461 822.15 –45.96 –5.3
Name (Sym) Volume Close Change %Chg. HomeDepot(HD) 5315971 300.81 +0.43 +0.1 EvolutionPetrol(EPM) 44506 7.91 –0.53 –6.3 Adobe(ADBE) 8948105 484.72 –10.46 –2.1
JPMorganChase(JPM) 5311928 138.85 –4.41 –3.1 ActiniumPharm(ATNM) 34067 7.51 –0.24 –3.1 Intel(INTC) 7691296 33.00 –3.37 –9.3
DragonflyEnergy(DFLI) 29850 1.50 –1.29 –46.2
PalantirTech(PLTR) 5230610 14.03 –2.27 –13.9 Ur-Energy(URG) 33685 1.01 –0.10 –9.0 PayPal(PYPL) 6679590 66.94 +0.51 +0.8
uniQure(QURE) 15909 11.45 –8.00 –41.1
BankofAmerica(BAC) 5204939 27.75 –1.44 –4.9 EnergyFuels(UUUU) 33302 6.03 –0.38 –5.9 PaloAltoNtwks(PANW) 6102262 243.94 –2.59 –1.1
AlloVir(ALVR) 13046 3.28 –2.02 –38.1
Disney(DIS) 5044722 88.10 –3.22 –3.5 EquinoxGold(EQX) 32611 4.60 –0.04 –0.9 CoinbaseGlbl(COIN) 4264757 61.47 +5.88 +10.6
GSRIIMeteoraA(GSRM) 740 6.95 –3.41 –33.0
J&J(JNJ) 4952335 165.48 +1.25 +0.8 Chase(CCF) 32602 121.95 –5.47 –4.3 Qualcomm(QCOM) 4161594 113.43 –9.25 –7.5
SigilonTherap(SGTX) 58 3.91 –1.75 –30.9
Accenture(ACN) 4783215 298.43 –21.11 –6.6 CaledoniaMining(CMCL) 29472 12.65 –0.90 –6.6 MongoDB(MDB) 3868396 389.99 +10.09 +2.7
LordstownMotors(RIDE) 6761 2.98 –1.21 –28.9
C3.ai(AI) 4754184 33.39 –11.10 –24.9 NovaGoldRscs(NG) 29251 4.58 –0.50 –9.8 Starbucks(SBUX) 3570243 98.34 –3.53 –3.5
Bionomics(BNOX) 26 2.06 –0.69 –25.0
Mastercard(MA) 4496922 379.81 +3.28 +0.9 ParkNational(PRK) 27849 102.25 –4.81 –4.5 CiscoSystems(CSCO) 3493894 50.33 –1.74 –3.3
Beneficient(BENF) 989 3.87 –1.25 –24.4

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
44 BARRON’S June 26, 2023

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June 26, 2023 BARRON’S 45

Barron's 50-Stock Average 59 Dow Jones Per Share Values 58 Mutual Funds 55 Week In Stocks 58

DATA
Cash Track 55 Exchange Traded Portfolios 54 N.Y. Stock Exchange 45 Weekly Bond Statistics 60
Charting the Market 42 Federal Reserve Data Bank 60 Nasdaq National Market 49 Winners & Losers Stocks 43
Coming Earnings 59 Foreign Exchange 59 New Corporate Listings 58
Conference Call Calendar 59 Gold & Silver Prices 60 New Highs & Lows 61
Delta Tactical Sentiment 59 Gold Mining Index 60 NYSE Half-Hourly Volume 58
Distributions & Offerings 61 Indexes P/Es & Yields 58 Other Market Indexes 57
Dividend Boosts - Reductions 60 Initial Public Offerings 58 Pulse of the Economy 59
Dividend Ex-Payment Dates 60 Investor Sentiment Readings 58 Stock Splits - Special Dividends 60
DJ Averages 57 Key Foreign Market Indexes 53 Stock Volume 58
DJ U.S. Total Market Industry Groups 59 Market Lab 57 Trading Diary 57
Contact Us
Dow Jones Averages 57 Money Rates, U.S. & Foreign 59 Vital Signs 37 For queries, email us at
Statistics from June 20-23, 2023 memberservices@dowjones.com

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

–52-Week– Tick Div –52-Week– Tick Div –52-Week– Tick Div –52-Week– Tick Div –52-Week– Tick Div
High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt.
70.63 34.70 Alteryx AYX ... dd 42.85 –2.61 ... 149.42 88.09 AppliedIndlTechs AIT 1.0 16 137.02 +0.61 .35 158.30 94.92 AutoNation AN ... 6 154.61 +5.45 ... 25.84 5.54 Biohaven BHVN ... dd 23.20 –0.45 ...
A
13.17 2.01 AlticeUSA ATUS ... 41 2.13 –0.85 ... 122.50 90.23 Aptargroup ATR 1.3 32 112.83 –4.32 .38 2750.00 2050.21 AutoZone AZO ... 19 2423.73 –70.10 ... 572.70 344.63 Bio-RadLab A BIO ... dd 365.80 –10.76 ...
57.48 33.75 AAR AIR ... 22 55.12 –0.33 ... 48.11 40.35 Altria MO 8.7 14 43.42 –0.65 .94 124.88 77.96 Aptiv APTV ... 44 97.40 –4.04 ... 220.42 153.07 Avalonbay AVB 3.6 25 181.37 –11.08 1.65 20.00 1.89 BirdGlobal BRDS ... dd 2.14 –0.02 ...
50.20 37.68 ABMIndustries ABM 2.2 14 40.53 –1.82 .22 14.72 4.08 AltusPower AMPS ... dd 5.16 –0.12 ... 45.72 29.62 Aramark ARMK 1.1 42 39.29 –1.24 .11 51.71 36.81 Avangrid AGR 4.7 21 37.19 –1.47 .44 79.78 58.81 BlackHills BKH 4.2 15 59.48 –3.09 .625
7.28 4.27 ACCO Brands ACCO 6.0 dd 4.98 –0.27 .075 17.75 10.84 AmbacFin AMBC ... 1 13.64 –0.60 ... 16.77 10.10 ArborRealty ABR 11.8 8 13.65 –0.22 .42 31.99 19.32 AvanosMedical AVNS ... 28 25.88 +0.28 ... 68.78 53.15 BlackKnight BKI ... 39 57.00 –0.38 ...
10.72 7.23 AcresCmclRlty ACR ... dd 8.25 –0.04 ... 3.24 2.40 Ambev ABEV 3.4 18 3.20 +0.11.1457 32.49 19.25 ArcelorMittal MT ... 4 26.75 –1.37 ... 32.77 17.91 Avantor AVTR ... 22 19.67 –0.28 ... 11.05 9.93 BlackMountainA BMAC ... 82 10.57 +0.02 ...
10.88 1.85 ADC Therap ADCT ... dd 2.05 –0.24 ... 13.37 9.53 Amcor AMCR 5.0 15 9.87 –0.48.1225 173.90 102.42 ArchResources ARCH .9 2 111.48 –1.40 2.20 204.37 156.91 AveryDennison AVY 1.9 20 167.85 –3.24 .81 7.20 3.17 BlackBerry BB ... dd 4.79 –0.31 ...
10.10 4.89 ADT ADT 2.4 cc 5.86 –0.56 .035 97.53 73.28 Ameren AEE 3.1 19 80.83 –3.25 .63 4.98 1.62 ArcherAviation ACHR ... dd 3.38 –0.61 ... 49.73 27.65 Avient AVNT 2.6 40 38.64 –1.51.2475 785.65 503.12 BlackRock BLK 2.9 21 680.45 –22.335.00
92.16 61.96 AECOM ACM .8 32 84.99 –1.68 .18 76.54 39.62 Ameresco AMRC ... 32 47.13 +0.58 ... 98.28 69.92 ADM ADM 2.5 9 72.90 –2.58 .45 45.29 35.72 Avista AVA 4.8 21 38.42 –1.96 .46 2.98 1.12 BlackSkyTech BKSY ... dd 1.93 +0.18 ...
29.89 18.90 AES AES 3.2 dd 20.43 –0.91.1659 23.07 16.09 AmericaMovil AMX 1.6 17 21.49 –0.53.1967 11.49 6.28 Archrock AROC 6.0 27 9.94 –0.12 .15 32.88 20.66 AxaltaCoating AXTA ... 33 31.29 –1.17 ... 110.90 71.72 Blackstone BX 4.4 cc 87.84 –3.29 .82
74.02 53.04 Aflac AFL 2.5 10 67.14 –2.29 .42 30.90 16.04 AmericanAssets AAT 7.3 23 18.08 –1.62 .33 30.68 16.33 Arconic ARNC ... dd 29.28 +0.08 ... 51.46 33.15 AxosFinancial AX ... 8 36.64 –3.73 ... 31.46 16.61 BlackstoneMtg BXMT12.8 13 19.40 –0.66 .62
145.53 88.55 AGCO AGCO .9 10 129.77 –2.105.00 11.96 6.61 AmericanAxle AXL ... 16 7.73 –0.36 ... 10.00 6.23 ArcosDorados ARCO 1.9 14 9.95 +0.86 .04 13.75 3.82 Azul AZUL ... dd 13.28 +0.51 ... 3.82 0.53 BlendLabs BLND ... dd .86 –0.13 ...
8.39 3.52 AG Mortgage MITT12.3 dd 6.10 –0.18 .18 17.09 9.46 AmerEagle AEO 3.5 21 11.47 –0.27 .10 76.29 43.52 Arcosa ACA .3 12 71.59 +0.07 .05 14.08 1.50 AzurePowerGlbl AZRE ... ... 1.61 ... ... 48.76 28.83 BlockHR HRB 3.6 11 32.60 –0.28 .29
3.23 0.30 a.k.a.Brands AKA ... dd .41 –0.06 ... 48.37 28.05 AmerEquity AEL .9 8 40.67 –0.77 .36 36.13 15.70 ArcusBiosci RCUS ... dd 19.24 –0.30 ... 93.19 51.34 Block SQ ... dd 62.86 –3.65 ...
B
16.89 3.77 AMC Ent AMC ... dd 4.01 –0.69 ... 182.15 130.65 AmerExpress AXP 1.4 18 168.07 –4.14 .60 6.98 3.31 ArdaghMetalPkg AMBP12.0 11 3.34 –0.40 .10 31.47 12.33 BloomEnergy BE ... dd 15.44 –1.72 ...
129.04 81.15 AMN Healthcare AMN ... 12 103.90 –4.20 ... 150.98 111.55 AmericanFin AFG 2.2 12 116.03 –0.36 .63 19.41 6.32 ArdmoreShipping ASC 12.7 3 12.58 –0.08 .35 2.74 1.00 Bark BARK ... dd 1.42 +0.02 ... 98.64 4.91 BlueApron APRN ... dd 6.38 +0.38 ...
2555.30 6.49 AMTD Digital HKD ... ... 6.51 –0.03 ... 38.94 28.79 AmHomes4Rent AMH 2.6 38 33.72 –1.68 .22 10.53 9.81 AresAcqnA AAC ... dd 10.52 +0.02 ... 26.13 10.91 B&G Foods BGS 5.4 dd 14.10 +0.21 .19 14.04 8.06 BlueOwlCapital OWL 5.1 cc 11.02 –0.53 .14
25.80 1.44 AMTD IDEA AMTD ... 2 1.54 –0.13 ... 64.88 45.66 AIG AIG 2.6 7 55.22 –2.08 .36 10.15 10.10 AresAcqnII A AACT ... ... 10.14 +0.03 ... 51.11 39.88 BCE BCE 6.5 21 44.58 –1.12.7243 35.20 16.24 BluegreenVac BVH 2.4 10 33.15 –1.01 .20
10.80 10.02 AP Acqn A APCA ... cc 10.76 +0.04 ... 31.59 13.35 AmRltyInv ARL ... 1 22.00 +1.30 ... 14.01 7.52 AresCommRealEst ACRE13.3 69 9.96 –0.16 .02 6.30 2.00 BEST BEST ... dd 2.01 –0.19 ... 95.29 57.50 BlueLinx BXC ... 5 89.65 –1.79 ...
3.87 2.11 ARC Document ARC 6.9 11 2.91 –0.10 .05 100.51 77.52 AmerStWater AWR 1.9 32 84.64 –3.03.3975 95.42 55.45 AresMgmt ARES 3.4 84 90.41 –4.02 .77 16.02 8.85 BGSF BGSF 6.1 11 9.80 +0.07 .15 10.51 9.71 BluescapeOppsAcqn BOAC ... 84 9.97 ... ...
9.03 4.45 ASE Tech ASX 5.0 11 8.66 –0.19.5714 46.00 7.00 AmerStratInvt NYC ... dd 7.00 –0.39 ... 45.27 31.26 Argan AGX 2.6 19 38.66 –1.11 .25 71.52 46.92 BHP Group BHP 8.9 8 59.31 –3.86 1.80 223.91 120.99 Boeing BA ... dd 205.41 –14.58 ...
106.88 63.27 ASGN ASGN ... 14 70.32 –2.07 ... 282.47 178.17 AmerTowerREIT AMT 3.3 62 186.03 –6.86 1.57 40.15 19.00 ArgoGroup ARGO 4.2 dd 29.51 –0.01 .31 179.85 68.30 BILL BILL ... dd 108.19 –3.07 ... 81.99 55.14 BoiseCascade BCC .7 5 80.07 +2.333.00
21.53 14.46 AT&T T 7.2 dd 15.45 –0.61.2775 24.38 15.01 AmerVanguard AVD .7 26 17.22 +0.15 .03 23.58 6.69 ArisWater ARIS 3.9 38 9.20 –0.39 .09 8.60 1.40 BitMining BTCM ... dd 2.62 +0.11 ... 88.80 50.20 BootBarn BOOT ... 14 79.04 +2.02 ...
43.32 20.52 ATI ATI ... 35 39.25 –0.04 ... 162.59 122.77 AmerWaterWorks AWK 1.9 32 145.76 –3.22.7075 178.36 91.31 AristaNetworks ANET ... 31 148.82 –8.97 ... 80.41 60.33 BJ'sWholesale BJ ... 17 62.89 +1.82 ... 112.55 85.54 BoozAllen BAH 1.7 53 107.44 –1.17 .47
97.50 7.55 ATI PhysTherapy ATIP ... dd 11.13 +0.60 ... 5.43 1.95 AmericanWell AMWL ... dd 2.12 –0.22 ... 4.46 2.53 ArlingtonAsset AAIC ... 39 4.29 +0.08 ... 41.38 25.37 BP BP 4.3 4 34.81 –0.54.3966 3.90 0.69 BoqiiHolding BQ ... dd 1.93 +0.08 ...
48.44 25.66 ATS ATS ... 44 45.70 +0.01 ... 32.99 21.49 AmericoldRealty COLD 2.8 dd 30.89 –1.16 .22 10.12 2.93 ArloTech ARLO ... dd 9.17 –0.21 ... 24.99 4.74 BP Prudhoe BPT 67.7 1 5.16 –0.74.2974 51.14 31.14 BorgWarner BWA 1.5 11 45.23 –3.37 .17
19.79 12.61 A10Networks ATEN 1.7 25 14.52 –0.83 .06 357.46 219.99 Ameriprise AMP 1.7 16 317.02 –7.98 1.35 14.62 10.04 ArmadaHoffler AHH 6.8 17 11.47 –0.78 .195 11.07 4.79 BRC BRCC ... dd 5.38 –0.05 ... 8.13 2.45 BorrDrilling BORR ... dd 6.36 –0.53 ...
63.99 48.32 AXIS Capital AXS 3.3 21 53.66 –1.28 .44 188.75 135.14 AmerisourceBrgn ABC 1.0 24 187.67 +4.66 .485 7.98 4.38 ArmourResREIT ARR 18.9 dd 5.09 –0.11 .08 3.42 1.06 BRF BRFS ... dd 2.00 +0.06 ... 422.75 298.36 BostonBeer SAM ... 64 312.70 –20.14 ...
30.26 15.12 AZEK AZEK ... cc 27.67 +1.39 ... 158.61 106.98 Ametek AME .6 30 156.06 +0.15 .25 94.94 62.03 ArmstrongWorld AWI 1.4 16 70.49 +0.17 .254 25.67 16.43 BRT Apartments BRT 5.2 10 19.10 –0.79 .25 29.40 18.43 BostonOmaha BOC ... dd 18.50 –0.98 ...
47.57 30.21 AZZ AZZ 1.7 dd 40.23 +1.01 .17 3.71 1.24 AmnealPharm AMRX ... dd 2.88 +0.17 ... 140.32 89.38 ArrowElec ARW ... 6 135.08 –3.37 ... 69.92 49.14 BWX Tech BWXT 1.4 26 67.60 –2.13 .23 94.79 46.18 BostonProps BXP 7.6 10 51.50 –3.54 .98
16.61 7.65 Aaron's AAN 4.0 dd 12.61 –0.71 .125 4.80 2.15 Ampco-Pitt AP ... 39 2.92 –0.07 ... 40.68 25.67 ArtisanPtrsAsset APAM 6.1 13 36.25 –2.68 .50 8.66 3.89 Babcock&Wilcox BW ... dd 6.34 –0.13 ... 54.75 36.15 BostonSci BSX ... 92 53.97 –0.35 ...
115.69 93.25 AbbottLabs ABT 1.9 33 108.05 +1.85 .51 82.86 61.78 Amphenol APH 1.0 26 80.19 –1.96 .21 23.43 9.64 Artivion AORT ... dd 15.83 –0.18 ... 29.00 0.46 Babylon BBLN ... dd .77 +0.19 ... 17.45 9.90 Bowlero BOWL ... dd 11.62 –0.42 ...
168.11 131.10 AbbVie ABBV 4.4 32 135.92 –2.72 1.48 10.38 5.49 AmplifyEnergy AMPY ... 1 6.46 –0.25 ... 29.51 11.32 Asana ASAN ... dd 22.53 –2.48 ... 156.15 76.88 BadgerMeter BMI .6 59 143.66 –5.84 .225 34.98 24.00 Box BOX ... cc 28.73 –1.11 ...
37.96 14.02 Abercrombie&Fitch ANF ... 53 36.93 +0.85 ... 26.01 4.15 AmpriusTech AMPX ... dd 8.11 –0.83 ... 253.67 138.88 AsburyAutomotive ABG ... 5 228.36 +6.57 ... 3.79 1.08 Bakkt BKKT ... dd 1.27 –0.15 ... 71.69 46.10 BoydGaming BYD 1.0 10 65.79 –2.21 .16
18.11 12.28 AcadiaRealty AKR 5.3 dd 13.47 –1.01 .18 17.65 10.26 Amrep AXR ... 3 17.53 +0.32 ... 12.09 2.61 AshfordHosp AHT ... dd 3.53 –0.53 ... 74.35 46.00 Ball BALL 1.4 39 55.81 –2.62 .20 56.35 40.52 Brady BRC 1.9 14 48.10 –0.77 .23
12.18 7.26 AccelEnt ACEL ... 14 10.28 +0.50 ... 10.71 9.95 AndrettiAcqnA WNNR ... cc 10.64 ... ... 114.36 81.82 Ashland ASH 1.9 dd 81.95 –4.44 .385 26.78 13.09 Bally's BALY ... dd 14.52 –0.52 ... 5.85 3.41 BraemarHtls BHR 5.1 dd 3.90 –0.02 .05
327.93 242.80 Accenture ACN 1.5 27 298.43 –21.11 1.12 15.77 4.43 AngelOakMtgREIT AOMR16.5 dd 7.74 +0.01 .32 15.71 5.41 AspenAerogels ASPN ... dd 7.03 –0.95 ... 18.54 9.72 BancCalifornia BANC 3.4 8 11.67 –0.70 .10 10.16 3.42 BrandywineRealty BDN 18.5 17 4.10 –0.43 .19
10.31 9.66 AcropolisInfrA ACRO ... 94 10.30 +0.07 ... 30.27 11.94 AngloGoldAsh AU 2.0 32 22.54 –1.62 .177 33.00 16.88 AssetMarkFin AMK ... 21 27.93 –0.65 ... 6.39 2.03 BancoBBVA BBAR .0 4 6.10 +0.21.0162 6.48 4.11 BrasilAgro LND 18.3 47 5.32 +0.30.6018
202.90 148.46 AcuityBrands AYI .3 14 160.28 –6.10 .13 67.09 44.51 AB InBev BUD 1.1 19 57.12 –1.09.8245 25.50 14.47 AssociatedBanc ASB 5.4 6 15.64 –1.42 .21 7.93 3.93 BancoBilbaoViz BBVA 5.1 7 7.21 –0.24.3333 15.46 6.26 Braskem BAK ... dd 12.11 –0.35 ...
54.11 40.17 Acushnet GOLF 1.5 17 50.85 +0.14 .195 27.96 15.11 AnnalyCap NLY 12.9 dd 20.12 –0.47 .65 44.50 31.01 AssocCapital AC .6 dd 35.01 –0.67 .10 3.35 2.12 BancoBradesco BBDO 4.4 9 3.02 +0.02.0036 45.75 23.19 BreadFinancial BFH 2.9 3 29.45 –1.29 .21
10.09 6.95 Adecoagro AGRO 3.3 16 9.75 –0.09.1626 23.91 9.84 AnnovisBio ANVS ... dd 14.46 +0.09 ... 178.76 104.49 Assurant AIZ 2.3 28 123.81 –7.63 .70 22.97 15.64 BancodeChile BCH 8.0 6 20.24 –1.012.1466 18.60 8.43 BridgeInvt BRDG 5.7 24 10.60 –0.35 .15
47.50 27.15 Adient ADNT ... cc 36.13 –3.04 ... 11.61 8.56 AnteroMidstream AM 8.4 16 10.74 –0.31 .225 67.13 45.21 AssuredGuaranty AGO 2.1 23 53.35 –1.22 .28 3.71 2.50 BancoItauChile ITCL 4.8 5 3.52 +0.02.1646 171.60 7.57 BrightHealth BHG ... dd 13.62 +2.18 ...
44.40 33.46 AdtalemGlbEduc ATGE ... 19 34.95 –3.89 ... 45.33 19.91 AnteroResources AR ... 3 21.26 –1.20 ... 11.00 0.77 Atento ATTO ... dd 1.39 +0.02 ... 21.50 12.77 Bladex BLX 4.9 8 20.58 –0.22 .25 95.53 54.19 BrightHorizons BFAM ... 76 90.04 –3.71 ...
212.25 63.56 AdvanceAuto AAP 1.5 10 65.67 –3.55 .25 12.96 4.33 AnywhereRealEst HOUS ... dd 5.81 –0.19 ... 10.39 9.80 AthenaTechII A ATEK ... cc 10.36 +0.01 ... 27.05 9.72 BancoMacro BMA 2.7 6 25.31 +0.84.0729 4.48 1.37 BrightScholar BEDU ... ... 1.37 –0.23 ...
153.36 75.02 AdvDrainageSys WMS .5 18 111.34 +0.82 .14 338.27 262.42 Aon AON .7 27 331.43 +2.05 .615 154.86 70.50 Atkore ATKR ... 7 144.30 +4.43 ... 6.59 4.76 BancSanBrasil BSBR 4.1 ... 6.43 +0.04.0816 26.88 14.73 BrightSphere BSIG .2 10 20.33 –1.88 .01
44.57 30.69 AdvanSix ASIX 1.7 7 33.91 –1.74 .145 46.38 32.51 AptIncmREIT AIRC 5.4 10 33.64 –3.54 .45 41.04 23.32 AtlUnionBkshs AUB 4.6 9 26.29 –2.72 .30 20.04 13.37 BcoSantChile BSAC 5.2 9 18.35 –0.891.2511 9.45 5.21 BrightSpire BRSP12.5 68 6.41 –0.29 .20
5.69 3.76 Aegon AEG 4.2 dd 4.86 +0.07.1288 9.79 6.07 ApartmtInv AIV 20.6 22 7.97 –0.30 .02 18.95 15.06 AtlasEnergySolns AESI 3.7 ... 16.25 –1.66 .15 4.09 2.26 BancoSantander SAN 2.5 6 3.32 –0.17.0631 13.27 5.16 BrightView BV ... dd 6.91 –0.18 ...
5.90 1.76 Aenza AENZ ... dd 2.02 +0.01 ... 25.97 13.09 APi Group APG ... cc 25.44 –0.14 ... 121.92 97.71 AtmosEnergy ATO 2.6 20 114.42 –2.58 .74 34.77 21.55 BanColombia CIB 4.2 7 26.28 –1.18 .852 73.39 48.38 Brink's BCO 1.3 28 68.17 –4.45 .22
66.85 37.87 AerCap AER ... 9 60.60 –0.60 ... 13.10 7.91 ApolloComRlEst ARI 13.0 6 10.73 –0.58 .35 22.50 19.10 AtmusFiltration ATMU ... ... 22.02 +2.50 ... 38.60 26.32 BankofAmerica BAC 3.2 8 27.75 –1.44 .22 42.12 21.47 BrinkerIntl EAT ... 17 34.05 –2.34 ...
56.80 38.48 AerojetRocket AJRD ... 60 54.94 +0.89 ... 77.59 45.62 ApolloGlbMgmt APO 2.4 dd 73.00 –4.08 .43 3.55 1.52 ATRenew RERE ... dd 2.87 –0.06 ... 38.31 22.93 BankofButterfield NTB 6.6 6 26.58 –1.41 .44 81.44 63.07 BristolMyers BMY 3.5 19 65.04 –1.12 .57
4.64 0.89 AevaTech AEVA ... dd 1.18 –0.14 ... 10.40 9.78 ApolloStratII A APGB ... 34 10.28 +0.03 ... 40.89 23.66 Autohome ATHM 1.9 13 28.82 –1.86 .53 85.45 30.83 BankofHawaii BOH 6.8 8 41.15 –5.48 .70 0.17 0.08 BristolMyersRt CELG.RT ... ... .08 –0.03 ...
180.63 108.12 AffiliatedMgrs AMG .0 5 142.93 –5.37 .01 18.22 13.66 AppleHospREIT APLE 6.7 21 14.36 –0.78 .08 98.00 65.74 Autoliv ALV 3.2 17 82.57 –5.56 .66 105.40 81.57 BankofMontreal BMO 3.9 12 87.70 –2.511.0888 30.94 20.08 Bristow VTOL ... 85 26.84 +0.84 ...
10.54 9.78 AfricanGoldA AGAC ... ... 10.54 +0.04 ... 52.26 36.22 BankNY Mellon BK 3.5 14 42.84 –1.81 .37 44.61 31.64 BritishAmTob BTI 8.5 9 33.15 +0.33.7006
10.60 9.66 AfterNextA AFTR ... 98 10.36 +0.02 ... 63.75 45.26 BankNovaScotia BNS 6.5 9 47.99 –2.17.7851 24.49 17.62 BrixmorProp BRX 5.0 16 20.77 –1.03 .26
160.26 113.02 AgilentTechs A .8 26 119.42 –1.71 .225 41.34 15.83 BankUnited BKU 5.1 6 21.24 –1.94 .27 183.33 131.35 BroadridgeFinl BR 1.8 34 158.01 –2.79 .725

Five-Day Dow Composite

22.53 14.15 Agiliti AGTI ... cc 15.99 –1.20 ... 10.95 9.94 BanyanAcqnA BYN ... 43 10.38 +0.06 ... 22.72 14.98 Broadstone BNL 7.4 20 15.20 –1.17 .28
29.44 15.00 agilon health AGL ... dd 17.09 –0.27 ... 9.44 5.89 Barclays BCS 4.6 ... 7.41 –0.52 .104 5.49 2.27 BrookdaleSrLiving BKD ... dd 3.90 –0.16 ...
61.15 36.69 AgnicoEagleMines AEM 3.3 10 49.11 –1.89 .40 10.47 6.96 BaringsBDC BBDC12.9 35 7.62 –0.11 .25 36.50 26.76 BrookfieldAsset BAM 4.0 6 31.65 –1.61 .32
80.44 63.34 AgreeRealty ADC 4.5 36 65.03 –0.81 .243 3.32 0.99 Barnes&NobleEduc BNED ... dd 1.14 –0.12 ... 29.65 16.81 BrookfieldBus BBUC 1.3 2 18.82 –2.46.0625
43.71 28.25 Brookfield BN .9 77 31.33 –2.21 .07
46.20 30.08 AirLease AL 2.0 10 40.18 –1.30 .20 End of the Line: The Dow fell 1.7% last week amid concerns that the 47.36 27.93 BarnesGroup B 1.6 cc 40.76 –0.14 .16
50.03 37.55 BrookfieldInfr BIPC 3.4 4 45.15 –0.56.3825
328.56 218.88 AirProducts APD 2.4 29 286.26 –6.91 1.75 20.75 13.01 BarrickGold GOLD 3.3 cc 16.46 –0.25 .10
186.76 110.98 AlamoGroup ALG .5 19 181.43 –3.10 .22 Federal Reserve would start hiking interest rates again. Merck gained 49.55 25.75 Bath&BodyWks BBWI 2.1 12 37.21 –1.74 .20 43.62 30.03 BrookfieldInfr BIP 4.4 65 35.06 –0.35.3825
14.12 6.35 AlamosGold AGI .9 49 11.72 –0.52 .025 11.27 9.90 BatteryFutureA BFAC ... 35 10.62 +0.05 ... 43.73 28.30 BrookfieldReinsur BNRE .0 ... 31.80 –2.04 .07
53.96 37.20 AlaskaAir ALK ... cc 49.25 –1.17 ...
4.8%, while Intel dropped 9.3% following a presentation to investors. 19.97 12.20 Bausch+Lomb BLCO ... dd 19.34 –0.26 ... 42.97 27.19 BrookfieldRenew BEPC 4.3 8 31.73 –1.16.3375
115.39 76.49 AlbanyIntl AIN 1.1 30 89.54 –0.71 .25 10.23 4.00 BauschHealth BHC ... dd 7.19 –0.16 ... 68.43 52.82 Brown&Brown BRO .7 27 66.43 +0.18 .115
334.55 171.82 Albemarle ALB .7 7 220.18 –7.99 .40 Monday Tuesday Wednesday Thursday Friday 67.42 37.35 BaxterIntl BAX 2.6 dd 45.04 –0.32 .29 76.60 61.47 Brown-Forman A BF.A 1.2 41 66.46 –0.45.2055
30.17 19.14 Albertsons ACI 2.2 10 21.46 +0.09 .12 6.02 2.89 BaytexEnergy BTE ... 3 2.95 –0.30 ... 78.15 60.90 Brown-Forman B BF.B 1.3 40 65.04 –0.36.2055
58.24 31.14 Alcoa AA 1.2 dd 32.84 –2.78 .10 (Previous Friday Close) 34,320 1.66 0.41 Beachbody BODY ... dd .46 –0.07 ... 93.15 63.42 Brunswick BC 2.0 10 80.74 –4.97 .40
50.35 26.50 Buckle BKE 4.1 7 33.94 –0.04 .35
82.08
20.75
55.21
15.80
Alcon
Alexander&Baldwin
ALC ...
ALEX 5.0
cc
dd
80.50
17.71
–0.77 ...
–0.94 .22
H 10.71
23.38
9.89
9.47
BeardEnerA
BeazerHomes
BRD ...
BZH ...
cc
3
10.48
22.52
–0.05 ...
+0.21 ... 8.74 5.09 Buenaventura BVN 1.1 26 7.44 –0.07 .073
26.87 12.47 Build-A-Bear BBW .0 6 19.76 –0.51 1.50
260.65
172.65
155.60
108.81
Alexander's
AlexandriaRlEst
ALX 10.1
ARE 4.5
17
24
177.52
109.08
–9.594.50
–6.37 1.24
O 34,140 269.06
96.51
215.90
50.06
BectonDicknsn
Belden
BDX 1.4
BDC .2
47
14
256.55
90.85
–2.08 .91
–4.32 .05 129.94 51.37 BuildersFirst BLDR ... 8 127.52 +6.11 ...
125.84 58.01 Alibaba BABA ... 21 84.92 –7.18 ... L 37.91 20.20 BellRing BRBR ... 33 36.03 +0.07 ... 106.99
14.04
80.41
6.09
Bunge
BurfordCapital
BG 2.8
BUR 2.0 88
9 94.04
12.35
–2.39.6625
–0.32.0625
10.19 6.31 Alight ALIT ... dd 8.83 –0.17 ... 30.00 20.58 BenchmarkElec BHE 2.6 13 24.92 –0.36 .165
123.46 87.33 Allegion ALLE 1.6 21 115.50 –2.93 .45 I 33,960 4.10 0.90 BensonHill BHIL ... dd 1.07 +0.04 ... 239.94
8.72
106.47
1.63
BurlingtonStrs
ButterflyNtwk
BURL ...
BFLY ...
42
dd
157.98
2.10
+6.43 ...
–0.24 ...
6.81 1.85 Allego ALLG ... dd 2.45 –0.43 ... 76.99 55.50 Berkley WRB .8 15 58.21 –1.07 .11
67.45 47.77 Allete ALE 4.7 18 58.23 –2.30.6775 D 522000 393012 BerkHathwy A BRK.A ... 98 509999 –4000.01 ... 26.00 16.40 BylineBancorp BY 2.0 7 18.21 –0.85 .09
45.75 31.31 AllianceBernstein AB 8.5 13 31.77 –1.69 .66 341.68 259.85 BerkHathwy B BRK.B ... 97 335.25 –3.06 ... C
54.82 32.63 AllisonTransm ALSN 1.7 9 53.94 –0.17 .23 A 33,780
31.63 18.07 BerkshireHills BHLB 3.5 9 20.62 –1.93 .18
142.15
37.88
103.20
21.59
Allstate
AllyFinancial
ALL 3.3
ALLY 4.6
dd
6
107.53
26.37
–3.64 .89
–2.00 .30
Y -245.25 -102.35 -4.81 -219.28
66.21
93.32
44.52
60.79
BerryGlobal
BestBuy
BERY 1.6
BBY 4.7
11
13
62.22
79.13
–2.50 .25
–0.66 .92
334.17
47.89
245.32
36.45
CACI Intl
CAVA
CACI
CAVA
...
...
21
...
328.29
40.15
+2.60 ...
+2.00 ...
183.46 103.90 AlphaMetal AMR 1.2 2 165.01 +7.45 .50 33,600 29.25 4.78 BigLots BIG 14.0 dd 8.59 +1.01 .30 4.43 2.54 CBD Pao CBD ... 3 3.64 +0.04 ...
20.79 15.03 AlpineIncmProp PINE 7.2 7 15.24 –0.82 .275 10 12 2 4 10 12 2 4 10 12 2 4 10 12 2 4 10 12 2 4 6.77 0.58 BigBear.ai BBAI ... dd 2.34 –0.17 ... 54.61 37.56 CBIZ CBZ ... 23 52.84 –0.83 ...
20.60 8.65 AltaEquipment ALTG 1.4 62 16.33 +0.23 .057 1058.50 544.00 BiglariA BH.A ... cc 953.43 +15.78 ... 32.38 21.20 CBL&Assoc CBL 7.0 dd 21.52 –2.26 .375
10.77 9.65 AltC Acqn ALCC ... 92 10.60 –0.01 ... 218.50 115.22 BiglariB BH ... 18 194.21 –4.49 ... 89.58 66.31 CBRE Group CBRE ... 22 75.23 –2.58 ...
46 BARRON’S June 26, 2023

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.
10.80 9.82 CCNeubergerIII A PRPC ... 35 10.80 +0.05 ... 4.52 1.64 Citizens CIA ... dd 2.48 +0.18 ... 303.82 221.22 Danaher DHR .5 26 238.18 –3.62 .27 36.14 7.74 EmergentBiosol EBS ... dd 9.32 +0.90 ... 11.41 4.26 Fisker FSR ... dd 5.09 –0.84 ...
119.60 60.08 CF Industries CF 2.3 5 70.56 –0.71 .40 14.24 4.03 CityOfficeREIT CIO 7.7 dd 5.18 –0.34 .10 79.04 51.10 Danaos DAC 4.5 4 66.39 +1.06 .75 99.65 72.41 EmersonElec EMR 2.4 25 86.68 –0.73 .52 4.56 1.88 FivePoint FPH ... dd 2.67 +0.39 ...
10.70 9.92 C5AcqnA CXAC ... 98 10.60 –0.01 ... 36.88 17.87 Civeo CVEO ... dd 18.95 –0.45 ... 5.92 1.57 DanimerScientific DNMR ... dd 2.38 –0.52 ... 8.68 5.39 EmpireStateRealty ESRT 2.1 20 6.68 –0.40 .035 47.66 25.47 FiverrIntl FVRR ... dd 26.04 –3.18 ...
106.32 72.23 CGI A GIB ... 21 101.65 –2.93 ... 75.45 44.17 CivitasRscs CIVI 3.1 4 64.84 –4.51 1.62 77.18 35.49 DaqoNewEnergy DQ ... 2 37.77 –4.88 ... 46.73 32.58 EmployersHldgs EIG 3.1 14 36.71 –1.29 .28 10.47 9.76 FlameAcqnA FLME ... dd 10.25 +0.04 ...
15.27 3.34 CI&T CINT ... 30 6.43 +0.24 ... 14.99 7.16 Clarivate CLVT ... dd 8.80 –0.29 ... 168.98 111.38 Darden DRI 3.1 20 161.30 –4.71 1.31 14.65 3.88 EmpresaDisCom EDN ... dd 14.65 +2.67 ... 246.95 161.69 FleetCorTech FLT ... 19 238.56 –5.07 ...
71.19 52.41 CMS Energy CMS 3.3 25 58.59 –2.15.4875 19.40 10.08 ClarosMtg CMTG13.6 13 10.85 –0.72 .37 82.69 51.77 DarlingIngred DAR ... 13 58.84 –6.28 ... 45.21 35.02 Enbridge ENB 7.2 40 36.19 –1.29.6512 38.24 24.72 FlexLNG FLNG10.0 11 30.07 –0.98 .75
45.78 35.90 CNA Fin CNA 4.3 12 39.14 +0.63 .42 160.50 83.56 CleanHarbors CLH ... 19 155.42 –1.25 ... 103.00 65.28 DaVita DVA ... 19 97.73 +0.11 ... 66.44 43.82 EncompassHealth EHC .9 24 65.06 –0.02 .15 102.61 60.97 Floor&Decor FND ... 35 97.97 +1.71 ...
17.98 10.60 CNH Indl CNHI 2.9 9 13.73 –0.80.3823 2.14 0.91 ClearChannelOutdr CCO ... dd 1.27 +0.01 ... 518.49 238.43 DeckersOutdoor DECK ... 26 506.12 –6.60 ... 115.86 44.62 Endava DAVA ... 24 48.19 –5.78 ... 1.54 0.57 FlotekIndustries FTK ... dd .72 –0.09 ...
26.35 16.56 CNO Financial CNO 2.7 9 22.19 –0.81 .15 35.00 18.94 ClearSecure YOU .0 dd 22.72 –1.48 .20 448.40 283.81 Deere DE 1.2 14 404.45 –3.18 1.25 26.26 18.58 Endeavor EDR ... dd 22.23 –0.10 ... 30.16 24.28 FlowersFoods FLO 3.8 24 24.45 –0.47 .23
19.76 14.36 CNX Resources CNX ... 2 16.70 –0.65 ... 20.00 11.23 ClearwaterAnalytic CWAN ... dd 15.77 –0.11 ... 64.47 41.80 DelekLogistics DKL 7.3 16 56.15 –0.811.025 4.55 2.47 EndeavourSilver EXK ... cc 2.81 –0.15 ... 38.86 23.89 Flowserve FLS 2.2 20 35.71 –0.86 .20
79.17 40.20 CONSOL Energy CEIX 6.6 3 65.50 +0.13 1.10 46.48 29.22 ClearwaterPaper CLW ... 9 29.40 –1.86 ... 35.45 19.39 DelekUS DK 4.0 5 23.15 –0.45 .23 3.43 0.98 EnelChile ENIC 8.5 3 3.34 –0.04.3076 38.20 21.68 Fluor FLR ... dd 28.37 –0.72 ...
54.47 31.22 CRH CRH 2.4 10 53.44 +0.301.0306 38.65 27.17 ClearwayEnergyA CWEN.A 4.7 5 27.23 –1.54.3818 51.66 32.90 DellTechC DELL ... 19 50.87 +1.20 ... 7.64 3.86 Enerflex EFXT 1.2 dd 6.09 –0.11.0181 111.74 58.73 FomentoEconMex FMX 1.3 11 108.11 –3.081.0138
29.99 5.27 CS Disco LAW ... dd 7.88 –0.02 ... 41.79 28.38 ClearwayEnergyC CWEN 5.1 5 28.56 –1.58.3818 43.16 27.20 DeltaAir DAL .9 15 42.86 +0.07 .10 37.89 24.81 Energizer ENR 3.7 dd 32.12 –1.86 .30 47.22 23.85 FootLocker FL 6.2 10 25.93 –1.28 .40
23.07 15.70 CTO Realty CTO 9.4 dd 16.12 –0.90 .38 22.83 11.83 Cleveland-Cliffs CLF ... 18 15.83 –0.64 ... 25.58 13.61 Deluxe DLX 7.5 12 16.06 –1.09 .30 13.67 9.15 EnergyTransfer ET 9.8 9 12.50 –0.32.3075 16.68 10.61 FordMotor F 4.3 20 14.02 –0.40 .65
49.59 32.45 CTS CTS .4 23 41.33 –3.03 .04 9.21 4.94 ClipperRealty CLPR 6.7 dd 5.70 +0.22 .095 104.05 56.59 Denbury DEN ... 8 83.83 –5.69 ... 11.06 1.35 EnergyVault NRGV ... dd 2.40 –0.31 ... 10.67 9.75 ForestRoadII A FRXB ... 30 10.16 +0.02 ...
48.87 10.16 C3.ai AI ... dd 33.39 –11.10 ... 178.21 124.58 Clorox CLX 3.0 cc 156.14 –0.40 1.18 19.38 6.14 DesignerBrands DBI 2.1 5 9.52 +0.39 .05 28.97 16.09 EnerpacTool EPAC .2 42 25.72 –1.70 .04 21.83 10.28 Forestar FOR ... 8 21.20 +0.56 ...
8.10 1.00 Curo CURO30.3 dd 1.45 –0.40 .11 80.99 37.37 Cloudflare NET ... dd 63.41 –4.22 ... 3.65 1.13 DesktopMetal DM ... dd 1.92 –0.15 ... 19.23 11.00 Enerplus ERF 1.5 3 13.89 –0.60.0543 11.52 1.10 ForgeGlobal FRGE ... dd 2.26 +0.43 ...
42.21 22.60 CVR Energy CVI 7.3 5 27.27 –0.44 .50 3.37 1.25 CN Finance CNF ... 10 3.01 +0.02 ... 9.22 4.44 Despegar.com DESP ... dd 7.34 +0.33 ... 107.44 55.60 EnerSys ENS .7 24 102.39 –2.01 .175 25.00 14.13 ForgeRock FORG ... dd 19.56 +0.10 ...
139.99 79.43 CVR Partners UAN 40.2 3 81.56 –2.1910.43 65.47 54.02 Coca-Cola KO 3.0 27 61.20 –0.47 .46 13.57 7.25 DeutscheBank DB ... 4 9.95 –0.47 ... 13.46 5.13 Eneti NETI .3 5 11.65 –0.61 .01 48.23 34.76 Fortis FTS 4.0 19 42.00 –0.87.4211
107.26 66.34 CVS Health CVS 3.5 23 69.60 +1.88 .605 91.23 51.96 Coca-Cola Femsa KOF 3.1 18 86.82 –1.321.3398 78.82 44.03 DevonEnergy DVN 9.6 5 47.15 –2.65 .52 16.76 7.37 Enfusion ENFN ... cc 9.21 +0.23 ... 72.84 52.47 Fortive FTV .4 33 71.03 –0.79 .07
1464.20 602.70 CableOne CABO 1.8 34 634.85 –40.79 2.85 4.55 2.54 CoeurMining CDE ... dd 2.76 –0.35 ... 194.04 160.09 Diageo DEO 2.1 22 169.29 –4.172.0977 22.65 15.01 EngageSmart ESMT ... cc 17.75 –0.37 ... 4.20 2.05 FortunaSilver FSM ... dd 3.06 –0.26 ...
83.74 60.50 Cabot CBT 2.5 12 63.92 –4.63 .40 78.87 52.34 Cohen&Steers CNS 4.1 17 55.41 –5.65 .57 13.30 5.17 DiamondOffshore DO ... dd 12.37 +0.15 ... 25.00 10.51 Enhabit EHAB ... 15 12.02 –0.34 ... 70.56 49.51 FortuneBrands FBIN 1.4 15 67.57 +0.58 .23
58.30 31.37 Cactus WHD 1.1 18 38.75 –1.98 .11 60.46 26.29 Coherent COHR ... dd 46.71 –8.16 ... 10.04 7.14 Diamondrock DRH 1.6 17 7.65 –0.36 .03 23.48 18.52 Ennis EBF 5.0 11 19.94 –0.60 .25 33.84 16.78 ForumEnergyTech FET ... dd 22.59 –2.79 ...
29.41 16.95 CadenceBank CADE 4.9 8 19.14 –1.68 .235 83.81 67.84 ColgatePalm CL 2.5 40 77.11 –0.67 .48 5.67 3.16 DianaShipping DSX 19.9 3 3.76 –0.14 .15 55.54 27.98 EnovaIntl ENVA ... 8 51.93 –0.24 ... 29.44 22.67 FourCornersProp FCPT 5.4 21 24.96 –1.63 .34
31.50 16.58 Cadre CDRE 1.6 33 20.39 –0.51 .08 10.22 9.63 ColombierAcqnA CLBR ... cc 10.19 +0.03 ... 152.61 73.67 Dick's DKS 3.0 11 134.57 –0.53 1.00 66.71 43.88 Enovis ENOV ... dd 59.86 –0.31 ... 161.25 109.70 Franco-Nevada FNV 1.0 40 139.15 –6.59 .34
27.07 15.23 CAE CAE ... 41 21.24 –0.29 ... 87.02 28.40 Comerica CMA 7.0 4 40.60 –1.82 .71 3.44 0.29 DigitalMedia DMS ... dd .34 –0.06 ... 10.60 9.61 EnphysAcqnA NFYS ... 37 10.39 +0.01 ... 15.84 10.34 FrankBSPRealty FBRT10.5 23 13.54 –0.81 .355
31.13 16.85 Caleres CAL 1.2 5 24.19 –0.49 .07 165.05 79.66 ComfortSystems FIX .5 27 160.57 –1.01 .20 139.14 85.76 DigitalRealty DLR 4.7 93 104.15 –1.03 1.22 128.94 76.14 EnPro NPO .9 12 125.81 –2.48 .29 54.70 34.36 FranklinCovey FC ... 26 35.12 –1.47 ...
51.46 34.02 CaliforniaRscs CRC 2.7 3 42.49 –1.83.2825 58.09 31.47 CommercialMetals CMC 1.2 6 51.50 +3.70 .16 23.44 9.99 DigitalBridge DBRG .3 dd 12.45 –1.41 .01 122.46 94.94 Entergy ETR 4.4 18 97.13 –4.88 1.07 34.37 20.24 FranklinRscs BEN 4.7 15 25.53 –1.44 .30
66.12 50.18 CalWtrSvc CWT 2.1 37 50.28 –2.19 .26 72.86 44.26 CommBkSys CBU 3.8 17 46.82 –5.06 .44 53.88 23.38 DigitalOcean DOCN ... dd 38.62 –5.12 ... 27.36 22.90 EnterpriseProd EPD 7.6 10 25.78 –0.61 .49 10.65 9.79 FreedomI A FACT ... 93 10.53 +0.01 ...
77.44 33.18 Calix CALX ... 79 48.58 –2.19 ... 8.01 1.88 CommunityHlthSys CYH ... dd 3.77 –0.45 ... 417.86 193.00 Dillard's DDS .2 7 321.68 –11.17 .20 7.33 3.96 Entravision EVC 4.9 20 4.11 –0.23 .05 46.73 24.80 FreeportMcM FCX 1.6 21 38.37 –1.52 .075
50.19 28.91 CallonPetrol CPE ... 1 32.01 –2.14 ... 43.88 30.38 CommunityHlthcr CHCT 5.6 cc 31.65 –2.63 .45 82.43 57.09 DineBrands DIN 3.5 11 57.58 –1.85 .51 69.22 41.72 Envestnet ENV ... dd 54.58 –0.60 ... 25.60 12.79 FreseniusMed FMS 1.7 23 24.30 +0.73.6181
147.72 97.74 CamdenProperty CPT 3.8 19 105.86 –7.25 1.00 12.04 7.45 SABESP SBS ... 14 11.60 +0.44 ... 6.90 2.25 Dingdong DDL ... dd 3.02 –0.29 ... 9.70 3.73 Enviri NVRI ... dd 9.03 –0.12 ... 32.49 23.09 FreshDelMonte FDP 2.5 11 25.74 –1.14 .20
33.00 20.34 Cameco CCJ .3 99 29.90 –1.86.0941 4.20 2.80 EngGr-Cmg C CIG.C 4.8 11 3.99 +0.10.0224 119.91 87.64 DiscoverFinSvcs DFS 2.4 8 115.42 +0.10 .70 43.29 31.20 Envista NVST ... 28 33.50 +0.03 ... 19.29 7.51 Frontline FRO 17.8 12 14.35 –0.89 .70
57.78 45.42 CampbellSoup CPB 3.2 17 45.59 –0.83 .37 2.70 1.82 EngGr-Cmg CIG 7.2 8 2.66 +0.13.0224 126.48 84.07 Disney DIS ... 39 88.10 –3.22 ... 77.40 6.69 Enviva EVA 34.2 dd 10.58 –1.30 .905 8.14 0.96 fuboTV FUBO ... dd 1.88 –0.21 ...
33.99 18.69 CampingWorld CWH 9.1 12 27.62 –0.45 .625 8.44 5.71 COPEL ELP 3.2 22 8.29 +0.25.2619 88.06 61.55 DolbyLab DLB 1.3 33 80.93 –3.05 .27 2.75 1.00 EnzoBiochem ENZ ... dd 1.91 –0.10 ... 10.18 4.58 FullTruck YMM ... 47 6.37 –0.51 ...
24.73 14.51 CanadaGoose GOOS ... 33 15.86 –1.26 ... 3.70 2.20 CiaSiderurgica SID 19.2 dd 2.72 –0.09.0998 14.01 7.20 Dole DOLE 2.4 11 13.32 –0.56 .08 234.76 145.98 Equifax EFX .7 47 224.03 –5.74 .39 81.41 57.36 FullerHB FUL 1.3 21 63.15 –3.66 .19
53.36 39.40 CIBC CM 6.0 11 41.87 –2.28.6384 17.48 9.31 CerveceriasUnid CCU 1.4 23 16.04 +0.12.0302 261.59 151.27 DollarGeneral DG 1.4 16 171.15 +6.83 .59 42.53 25.23 Equinor EQNR 2.5 3 28.38 –1.75 .60 10.43 9.77 FusionAcqnIIA FSNB ... 42 10.36 +0.01 ...
129.89 103.79 CanNtlRlwy CNI 2.0 20 117.76 –1.19.5835 25.09 16.32 CompassDiversif CODI 4.8 dd 20.65 –0.79 .25 1.39 0.21 Doma DOMA ... dd .22 –0.04 ... 33.24 21.89 Equitable EQH 3.5 7 25.43 –1.00 .22 9.79 5.77 FutureFuel FF 2.8 8 8.51 ... .06
62.57 44.45 CanadianNatRscs CNQ 5.1 8 53.30 –1.71.6776 5.16 1.84 Compass COMP ... dd 3.07 –0.28 ... 86.28 48.48 DominionEner D 5.2 37 51.82 –1.51.6675 9.90 4.60 EquitransMdstm ETRN 6.6 dd 9.04 –0.38 .15
47.68 28.89 CompassMinerals CMP 1.8 dd 33.47 –1.75 .15 426.44 285.84 Domino's DPZ 1.5 24 316.82 –14.59 1.21 38.04 20.50 EquityBcshs EQBK 1.6 7 24.34 –1.35 .10 G
83.45 65.17 CdnPacKC CP .7 27 80.06 +1.54.1395
2.87 1.01 Cango CANG .0 dd 1.13 –0.02 .98 10.70 9.78 ComputeHlthA CPUH ... dd 10.65 ... ... 66.96 46.98 Donaldson DCI 1.6 20 60.67 –1.08 .25 28.20 19.41 EquityCommnwlth EQC .0 45 20.27 –0.92 4.25 128.25 84.96 GATX GATX 1.8 28 122.32 –2.68 .55
25.74 17.35 Cannae CNNE ... dd 19.50 –0.46 ... 21.85 9.07 ComstockRscs CRK 4.8 2 10.38 –0.09 .125 50.38 28.35 DonnelleyFin DFIN ... 15 42.43 –2.96 ... 77.36 56.91 EquityLife ELS 2.7 43 65.27 –3.43.4475 12.44 6.08 GEO Group GEO ... 6 7.03 –0.39 ...
9.75 0.76 CanoHealth CANO ... dd 1.33 +0.08 ... 41.30 32.30 ConagraBrands CAG 3.9 20 34.09 –0.55 .33 87.00 41.37 DoorDash DASH ... dd 72.64 –0.62 ... 80.89 54.60 EquityResdntl EQR 4.2 26 62.36 –4.36.6625 38.26 23.10 GFLEnvironmental GFL .1 dd 36.78 –0.50 .012
123.09 83.93 CapitalOne COF 2.3 7 106.60 –3.47 .60 10.75 9.63 ConcordAcqnIIA CNDA ... 29 10.26 +0.01 ... 25.56 12.91 DorianLPG LPG .0 6 24.17 –0.30 1.00 2.70 1.34 EquusTotReturn EQS ... dd 1.54 +0.05 ... 69.96 38.31 GMS GMS ... 9 67.83 +1.82 ...
69.25 34.25 Capri CPRI ... 8 35.81 –1.12 ... 10.59 9.90 ConcordAcqnIII A CNDB ... 25 10.41 +0.02 ... 38.47 20.38 DoubleVerify DV ... cc 37.30 +0.11 ... 13.90 9.59 ErmenegildoZegna ZGN .0 56 12.44 +0.93.0947 5.08 2.00 GOL Linhas GOL ... dd 5.03 +0.36 ...
92.89 51.32 CardinalHealth CAH 2.2 53 91.72 +0.47.5006 2.10 1.03 ConcordMed CCM ... dd 1.36 –0.01 ... 41.40 25.49 DouglasDynamics PLOW 4.1 23 28.96 –1.50 .295 21.14 8.07 EroCopper ERO ... 25 19.97 –0.78 ... 44.75 28.47 GSK GSK 5.5 4 36.38 +1.23.3475
22.46 16.22 CareTrustREIT CTRE 5.8 35 19.38 –0.45 .28 138.47 71.09 Conmed CNMD .6 dd 132.00 –3.64 .20 5.97 2.08 DouglasElliman DOUG .0 dd 2.15 –0.17.0476 47.48 34.27 EssentGroup ESNT 2.3 7 44.42 –0.75 .25 62.76 32.10 GXO Logistics GXO ... 39 60.40 –0.75 ...
318.71 203.66 Carlisle CSL 1.2 15 241.66 +2.08 .75 138.49 78.30 ConocoPhillips COP 2.0 8 100.46 –4.46 .60 23.85 10.09 DouglasEmmett DEI 6.7 22 11.38 –1.38 .19 26.43 18.88 EssentialProp EPRT 4.9 21 22.91 –1.76 .28 219.23 160.60 Gallagher AJG 1.0 39 212.46 –1.32 .55
106.24 52.10 CarMax KMX ... 29 86.21 +6.58 ... 102.21 78.10 ConEd ED 3.6 13 90.74 –2.23 .81 160.66 114.49 Dover DOV 1.4 19 141.13 –6.60 .505 52.43 38.50 EssentialUtil WTRG 2.9 23 40.01 –1.42 .287 47.99 15.41 GameStop GME ... dd 23.70 –0.86 ...
16.40 6.11 Carnival CCL ... dd 15.80 ... ... 10.65 9.82 ConstellationI A CSTA ... 64 10.56 ... ... 60.88 42.91 Dow DOW 5.5 13 51.36 –1.80 .70 300.33 195.03 EssexProp ESS 4.2 29 220.02 –16.90 2.31 3.24 1.25 Gannett GCI ... dd 2.10 +0.23 ...
14.73 5.43 Carnival CUK ... dd 14.26 +0.04 ... 261.32 208.12 ConstBrands A STZ 1.5 dd 242.38 –3.65 .80 47.46 22.91 Doximity DOCS ... 61 32.05 –0.49 ... 284.45 175.05 EsteeLauder EL 1.4 64 191.94 –12.01 .66 5.49 0.64 GaotuTechedu GOTU ... 80 2.91 –0.71 ...
54.89 24.76 CarpenterTech CRS 1.6 cc 51.43 –0.52 .20 16.96 9.82 Constellium CSTM ... 16 16.09 –0.58 ... 61.53 49.80 DrReddy'sLab RDY .7 18 61.00 +0.73.3171 31.78 19.60 EthanAllen ETD 5.2 6 27.51 –0.04 .36 15.49 7.22 Gap GPS 6.9 dd 8.69 –0.89 .15
44.52 22.71 CarriageSvcs CSV 1.7 13 27.13 –0.53.1125 8.09 2.15 ContainerStore TCS ... dd 2.91 +0.01 ... 26.50 8.17 DreamFinders DFH ... 10 22.79 –1.66 ... 21.00 10.51 Euronav EURN18.0 7 15.59 –0.83 .70 108.32 76.37 Garmin GRMN 2.9 20 101.56 –4.44 .73
49.17 33.10 CarrierGlobal CARR 1.5 16 48.05 +1.17 .185 15.05 6.86 Volaris VLRS ... dd 13.96 –0.75 ... 35.95 19.10 Dril-Quip DRQ ... 65 22.33 –1.22 ... 13.34 5.10 EveHolding EVEX ... dd 10.73 +0.89 ... 363.12 231.05 Gartner IT ... 29 338.19 –18.35 ...
20.42 9.06 Cars.com CARS ... 52 18.58 –0.42 ... 14.10 11.00 Cool CLCO12.6 ... 13.00 –0.99 .41 21.87 12.64 DuckhornPtf NAPA ... 27 13.10 –0.56 ... 11.77 5.30 Eventbrite EB ... dd 8.70 –0.25 ... 14.93 9.40 GatesIndustrial GTES ... 17 12.84 –0.20 ...
86.76 60.66 Carter's CRI 4.6 12 65.15 –4.62 .75 395.20 244.22 Cooper COO .0 64 372.78 +5.37 .03 58.28 38.89 Ducommun DCO ... 21 43.84 –0.40 ... 137.42 78.67 EvercoreA EVR 2.6 12 116.74 –5.77 .76 7.49 2.20 GatosSilver GATO ... dd 3.71 –0.33 ...
58.05 3.55 Carvana CVNA ... dd 21.41 –3.91 ... 18.95 4.13 Cooper-Standard CPS ... dd 12.76 –0.11 ... 113.67 83.76 DukeEnergy DUK 4.5 28 89.72 –2.461.005 10.68 9.97 EverestConsolA MNTN ... dd 10.65 +0.02 ... 20.06 11.92 GencoShipping GNK 4.3 5 13.98 –0.38 .15
115.34 31.45 Catalent CTLT ... cc 44.06 –0.05 ... 114.48 60.00 Copa CPA 3.0 12 110.44 –0.87 .82 16.67 9.50 Dun&Bradstreet DNB 1.8 dd 11.07 –0.64 .05 395.00 244.58 EverestRe RE 1.9 20 345.66 –6.69 1.65 282.62 86.29 Generac GNRC ... 33 129.07 +9.65 ...
266.04 160.60 Caterpillar CAT 2.2 17 234.44 –10.83 1.30 29.24 18.75 Core&Main CNM ... 14 29.14 +0.57 ... 78.40 49.52 DuPont DD 2.1 6 67.78 –1.63 .36 21.11 13.52 Everi EVRI ... 12 14.10 –0.65 ... 256.86 202.35 GeneralDynamics GD 2.5 17 212.39 –4.95 1.32
13.71 7.83 Cato CATO 8.3 dd 8.20 +0.19 .17 26.80 13.19 CoreLabs CLB .2 45 22.92 +0.30 .01 54.18 25.45 DutchBros BROS ... dd 28.13 +0.14 ... 94.41 67.79 EversourceEner ES 3.9 17 69.73 –2.35 .675 108.90 46.77 GeneralElec GE .3 14 103.78 –2.51 .08
35.80 1.16 Cazoo CZOO ... dd 1.27 –0.09 ... 23.50 14.01 CorebridgeFin CRBG 5.5 3 16.76 +0.29 .23 122.13 77.33 DycomInds DY ... 18 104.59 –1.10 ... 40.30 30.17 Evertec EVTC .6 10 35.07 –0.96 .05 90.89 68.82 GeneralMills GIS 2.7 18 81.32 +0.61 .54
47.95 37.58 CedarFairRec FUN 3.0 9 39.99 –1.52 .30 35.48 20.56 CoreCard CCRD ... 33 25.01 –0.20 ... 4.26 2.08 DynagasLNG DLNG ... 2 2.53 –0.18 ... 39.78 21.83 EvolentHealth EVH ... dd 28.05 –0.55 ... 43.63 30.33 GeneralMotors GM 1.0 6 36.18 –1.78 .09
128.35 86.71 Celanese CE 2.6 8 109.46 –4.54 .70 13.50 7.84 CoreCivic CXW ... 10 9.45 +0.15 ... 52.99 31.54 Dynatrace DT ... cc 50.58 –0.63 ... 31.13 18.27 ExcelerateEner EE .5 26 20.01 –0.04 .025 11.20 9.72 GenAsia I A GAQ ... 37 10.50 +0.05 ...
14.97 8.21 Celestica CLS ... 12 14.24 ... ... 3.48 0.95 CorEnergyInfr CORR19.2 dd 1.04 –0.17 .05 17.06 10.39 DynexCapital DX 12.9 dd 12.06 –0.35 .13 2.70 0.55 Express EXPR ... 0 .59 –0.04 ... 66.42 17.31 Genesco GCO ... 6 23.93 +0.66 ...
6.14 4.39 CementosPacasm CPAC 9.6 10 5.14 –0.11.5276 37.73 28.98 Corning GLW 3.3 32 33.86 –1.99 .28 24.04 8.82 Expro XPRO ... dd 15.94 –0.80 ... 12.79 7.61 GenesisEnergy GEL 6.5 dd 9.18 –0.82 .15
12.57 5.00 CorpAmAirports CAAP ... 10 11.78 +1.23 ... E 216.52 139.97 ExtraSpaceSt EXR 4.6 22 141.96 –3.32 1.62
7.35 3.20 Cemex CX ... 18 6.90 –0.30 ... 16.86 8.01 GenieEnergy GNE 2.3 4 13.15 –0.70 .075
22.18 14.44 CenovusEnergy CVE 2.0 8 16.04 –0.61.1053 28.69 21.59 CorpOfficeProp OFC 5.0 13 22.88 –1.30 .285 10.35 9.71 EG Acqn A EGGF ... cc 10.30 ... ... 119.92 80.69 ExxonMobil XOM 3.6 7 102.40 –2.73 .91 6.40 2.20 GeniusSports GENI ... dd 5.87 +0.21 ...
98.53 61.34 Centene CNC ... 25 66.33 +0.67 ... 10.60 9.65 CorsairPtrA CORS ... 30 10.35 +0.01 ... 113.38 27.63 elfBeauty ELF ... 98 108.45 +4.37 ... 48.85 35.75 Genpact G 1.5 19 36.79 –2.32.1375
68.43 50.03 Corteva CTVA 1.0 35 57.23 ... .15 F
33.50 25.03 CenterPointEner CNP 2.7 22 28.47 –0.71 .19 179.26 98.48 EMCOR EME .4 19 175.55 –0.18 .15 187.73 131.28 GenuineParts GPC 2.4 18 159.67 –1.80 .95
7.71 3.77 CenterraGold CGAU 3.5 dd 5.82 –0.36.0519 16.78 10.13 Cosan CSAN ... dd 15.05 +0.47 ... 32.21 20.38 ENI E 4.6 4 27.80 –0.63.3107 11.12 9.76 FastAcqnII A FZT ... dd 10.37 +0.01 ... 6.40 3.44 GenworthFin GNW ... 5 4.96 –0.11 ...
90.00 51.26 Centerspace CSR 5.0 36 58.05 –4.63 .73 12.63 7.71 Costamare CMRE 4.9 2 9.32 +0.11 .115 150.88 92.16 EOG Rscs EOG 3.1 7 106.82 –6.59 .825 35.00 9.03 F&GAnnuities FG 3.8 ... 20.79 –0.41 .20 16.38 9.11 GeoPark GPRK 5.3 3 9.82 –0.55 .13
10.39 5.67 CentraisElBras EBR .5 45 8.32 +0.31.0443 32.47 22.25 CoterraEnergy CTRA 8.9 5 23.72 –1.49 .20 462.99 197.99 EPAM Systems EPAM ... 29 214.00 –5.51 ... 45.25 24.34 FB Financial FBK 2.1 11 28.52 –0.77 .15 6.34 3.75 Gerdau GGB .5 4 5.23 –0.12 .101
24.75 13.22 CentralPacFin CPF 6.5 6 16.07 –0.64 .26 12.64 6.19 Coty COTY ... 65 12.22 –0.22 ... 55.90 33.92 EPR Prop EPR 7.6 20 43.69 –2.11 .275 5.10 0.61 F45Training FXLV ... dd .62 –0.11 ... 10.17 0.23 Getaround GETR ... dd .39 +0.03 ...
7.63 2.81 CentralPuerto CEPU 1.8 15 6.91 –0.36.1649 21.38 12.24 Coupang CPNG ... cc 16.60 –0.68 ... 51.97 28.11 EQT EQT 1.5 3 39.18 –0.46 .15 13.75 5.55 Figs FIGS ... cc 7.79 –0.47 ... 37.88 3.42 GettyImages GETY ... dd 4.87 –0.04 ...
72.08 40.27 CenturyComm CCS 1.3 6 71.05 +1.38 .23 17.59 9.81 Coursera COUR ... dd 12.66 –0.40 ... 66.51 32.12 ESAB ESAB .4 19 63.22 –2.99 .06 134.38 98.24 FMC FMC 2.2 18 105.73 –1.04 .58 36.49 25.49 GettyRealty GTY 5.2 19 33.00 –1.99 .43
79.66 46.07 CeridianHCM CDAY ... dd 63.46 –3.62 ... 31.12 18.06 CousinsProperties CUZ 6.2 19 20.54 –1.72 .32 101.52 63.93 ESCO Tech ESE .3 30 98.80 –1.37 .08 14.71 10.09 FNB FNB 4.3 8 11.06 –0.64 .12 34.33 25.67 Gildan GIL 2.5 11 30.30 –0.55 .186
19.92 7.22 ChargePoint CHPT ... dd 7.36 –1.52 ... 84.27 67.28 Crane CR .9 13 82.75 +1.82 .18 5.31 0.75 ESSTech GWH ... dd 1.33 –0.06 ... 16.94 6.20 FreyrBattery FREY ... dd 7.02 –0.53 ... 4.91 1.12 GinkgoBioworks DNA ... dd 1.70 –0.20 ...
262.00 181.22 CharlesRiverLabs CRL ... 21 207.81 –2.18 ... 57.17 29.40 CraneNXT CXT 1.0 8 54.53 –0.53 .14 8.60 3.92 E2open ETWO ... dd 5.26 –0.07 ... 22.57 16.70 FS KKR Cap FSK 13.9 77 18.43 –0.68 .05 59.70 26.77 GlacierBancorp GBCI 4.3 11 30.66 –4.36 .33
242.59 101.44 ChartIndustries GTLS ... dd 149.34 +5.75 ... 11.00 5.13 Crawford A CRD.A 2.3 dd 10.40 –0.52 .06 67.09 39.16 EagleBulkShip EGLE .8 4 48.37 +3.06 .10 205.63 140.09 FTI Consulting FCN ... 30 188.22 –4.91 ... 7.54 2.08 Glatfelter GLT .0 dd 3.01 ... .14
14.38 9.05 ChathamLodging CLDT 3.1 70 9.09 –0.50 .07 9.42 5.05 Crawford B CRD.B 2.7 dd 8.81 +0.28 .06 176.31 101.98 EagleMaterials EXP .6 14 174.37 +3.95 .25 140.18 77.67 Fabrinet FN ... 19 124.16 –4.84 ... 70.05 40.45 Glaukos GKOS ... dd 67.47 –0.25 ...
6.50 1.41 CheetahMobile CMCM ... dd 2.30 +0.01 ... 158.95 113.21 Credicorp BAP ... 9 144.30 –4.99 ... 17.54 10.65 EarthstoneEner ESTE ... 3 13.05 –0.61 ... 474.13 371.59 FactSet FDS 1.0 30 394.05 –26.86 .98 7.60 3.49 GlobalBlue GB ... dd 4.65 –0.42 ...
30.05 8.72 Chegg CHGG ... 5 8.87 –0.93 ... 18.16 9.17 CrescentEnergy CRGY 6.3 2 9.94 –0.37 .12 20.33 12.27 EasterlyGovtProp DEA 7.6 46 13.89 –0.94 .265 815.64 389.84 FairIsaac FICO ... 52 776.05 –23.91 ... 8.40 4.26 GlblBusTravel GBTG ... dd 7.87 +0.85 ...
570.17 430.16 Chemed CHE .3 34 541.87 –4.79 .38 8.62 5.51 CrescentPoint CPG 4.7 9 6.34 –0.43.0736 180.25 137.47 EastGroup EGP 3.0 43 165.02 –9.62 1.25 12.89 3.64 Farfetch FTCH ... dd 5.35 –0.40 ... 34.29 20.52 GlobalIndemnity GBLI 3.0 31 33.70 –0.04 .25
38.36 23.58 Chemours CC 3.0 11 33.48 –0.42 .25 31.46 22.11 CrestwoodEquity CEQP10.2 dd 25.68 –2.44 .655 102.18 69.91 EastmanChem EMN 4.0 14 78.55 –4.12 .79 15.12 9.44 FarmlandPtrs FPI 2.0 76 11.80 –0.66 .06 37.32 20.52 GlobalIndl GIC 2.9 15 27.17 ... .20
7.34 4.58 CherryHillMtg CHMI12.5 dd 4.81 –0.02 .15 30.40 13.20 CrossTimbers CRT 10.3 9 21.31 –3.48 .077 7.24 2.78 EastmanKodak KODK ... 9 4.46 –0.58 ... 18.28 7.15 Fastly FSLY ... dd 15.48 –1.71 ... 12.33 7.01 GlobalMedREIT GMRE 9.4 52 8.95 –0.58 .21
138.49 105.79 ChesapeakeUtil CPK 2.0 24 120.31 –6.34 .59 184.92 107.62 CrownCastle CCI 5.7 28 109.44 –5.171.565 197.49 122.50 Eaton ETN 1.8 30 194.46 +3.20 .86 4.79 0.31 FathomDigital FATH ... dd .34 –0.03 ... 15.30 8.84 GlobalNetLease GNL 16.8 dd 9.51 –1.25 .40
189.68 132.54 Chevron CVX 4.0 8 151.35 –5.91 1.51 102.68 66.00 CrownHoldings CCK 1.1 17 85.74 –3.07 .24 183.28 131.04 Ecolab ECL 1.2 44 178.15 –3.89 .53 153.54 92.43 FedAgriMtg C AGM 3.1 10 140.97 –7.53 1.10 39.24 22.00 GlobalPtrs GLP 8.8 3 29.82 –0.91 .655
52.88 29.10 ChewyA CHWY ... cc 39.25 –0.39 ... 10.67 9.81 CrownPropA CPTK ... 32 10.24 +0.04 ... 12.35 8.59 Ecopetrol EC 19.9 3 10.26 –0.19.1479 115.08 85.27 FederalRealty FRT 4.8 19 90.10 –5.83 1.08 136.88 92.27 GlobalPayments GPN 1.0 dd 98.84 –1.84 .25
7.31 4.33 Chico'sFas CHS ... 6 5.32 +0.16 ... 51.08 36.82 CubeSmart CUBE 4.5 28 43.38 –1.25 .49 11.75 8.20 Ecovyst ECVT ... 23 10.28 –0.22 ... 63.32 33.99 FederalSignal FSS .6 30 61.99 –0.24 .10 21.15 14.62 GlobalShipLease GSL 8.0 2 18.81 –0.07 .375
10.66 4.48 ChimeraInvt CIM 13.1 dd 5.48 –0.05 .18 160.60 92.55 Cullen/Frost CFR 3.4 10 103.57 –8.14 .87 46.13 33.65 EdgewellPersonal EPC 1.4 23 42.35 –0.69 .15 45.55 29.98 FederatedHermes FHI 3.0 13 36.75 –1.55 .28 240.00 135.41 Globant GLOB ... 51 174.75 –9.15 ...
7.80 2.58 ChinaGreenAg CGA ... dd 2.85 –0.20 ... 5.70 3.95 Culp CULP ... dd 4.72 –0.21 ... 74.92 54.45 EdisonIntl EIX 4.4 31 67.76 –2.42.7375 248.76 141.92 FedEx FDX 2.2 15 232.34 –1.12 1.26 123.85 95.36 GlobeLife GL .8 13 106.28 –1.73 .225
10.19 6.73 ChinaYuchai CYD 4.0 13 10.00 ... .40 261.91 187.92 Cummins CMI 2.7 13 232.02 –3.79 1.57 107.92 67.13 EdwardsLife EW ... 38 90.34 –1.60 ... 153.73 99.16 Ferguson FERG 2.0 17 150.62 –0.45 .75 80.04 50.92 GlobusMedical GMED ... 30 58.43 –0.20 ...
2139.88 1233.61 Chipotle CMG ... 55 2043.68 +10.76 ... 182.55 125.91 Curtiss-Wright CW .5 22 173.00 –3.52 .20 20.97 7.88 ElancoAnimal ELAN ... dd 9.82 –0.55 ... 309.29 176.82 Ferrari RACE ... 54 307.52 –0.50 ... 85.32 64.65 GoDaddy GDDY ... 35 72.35 –2.56 ...
131.64 104.15 ChoiceHotels CHH 1.0 19 111.88 –2.06.2875 17.00 7.16 Cushman&Wkfd CWK ... 24 7.74 –1.03 ... 91.30 46.18 Elastic ESTC ... dd 62.30 –4.09 ... 45.51 31.84 FidNatlFin FNF 5.3 14 33.72 –1.04 .45 11.49 10.01 GoGreenInvtsA GOGN ... cc 10.72 –0.03 ...
231.37 173.78 Chubb CB 1.8 16 193.24 –1.70 .86 7.64 4.76 CustomTruck CTOS ... 29 6.65 –0.44 ... 12.11 5.06 EldoradoGold EGO ... dd 9.85 –0.33 ... 105.16 48.57 FidNatlInfo FIS 3.9 dd 52.75 –2.03 .52 17.78 7.03 GoldFields GFI 2.3 18 14.28 –0.70.2425
43.71 32.90 ChunghwaTel CHT 3.0 26 40.22 –0.661.5291 41.08 6.87 CustomersBancorp CUBI ... 5 28.23 –1.17 ... 21.90 15.31 ElementSolns ESI 1.8 26 18.17 –0.79 .08 2.25 1.19 FinanceofAm FOA ... dd 1.94 +0.22 ... 10.44 9.74 GoldenFalconA GFX ... dd 10.25 +0.06 ...
98.33 70.16 Church&Dwight CHD 1.1 58 97.12 +0.96.2725 D 549.52 428.87 ElevanceHealth ELV 1.3 18 450.40 +7.19 1.48 5.92 3.55 FinVolution FINV 4.4 4 4.48 –0.09 .215 18.16 12.75 GoldmanSachsBDC GSBD13.0 34 13.88 –0.19 .45
11.00 9.80 ChurchillCapV A CCV ... 50 10.16 +0.02 ... 16.38 10.81 EllingtonFin EFC 13.5 dd 13.30 –0.22 .15 64.66 43.54 FirstAmerFin FAF 3.8 28 55.37 –1.79 .52 389.58 277.84 GoldmanSachs GS 3.2 11 314.71 –23.60 2.50
10.38 9.77 ChurchillVI A CCVI ... 33 10.31 +0.03 ... 6.56 3.00 DHI Group DHX ... 57 4.06 +0.04 ... 8.84 5.70 EllingtonResiMtg EARN13.4 dd 7.16 +0.04 .08 16.40 10.18 FirstBanCorp FBP 4.7 8 11.84 –0.85 .14 31.04 22.67 Gorman-Rupp GRC 2.6 70 27.39 –1.06 .175
10.44 9.75 ChurchillVII A CVII ... 35 10.30 +0.03 ... 12.13 5.55 DHT DHT 8.3 12 8.35 –0.39 .23 10.40 9.70 ElliottOppIIA EOCW ... 28 10.34 –0.01 ... 16.53 11.33 FirstCmwlthFin FCF 3.9 9 12.69 –1.20 .125 86.30 56.76 Graco GGG 1.1 29 83.55 –2.57 .235
56.38 38.33 Ciena CIEN ... 30 41.02 –3.29 ... 13.85 4.66 DRDGOLD DRD ... 13 10.90 –1.58 ... 22.45 14.95 ElmeComms ELME 4.6 dd 15.80 ... .18 24.92 8.99 FirstHorizon FHN 5.5 7 11.00 –0.75 .15 12.14 9.68 GrafAcqnIV GFOR ... 76 10.30 ... ...
340.11 240.50 Cigna CI 1.8 13 274.85 +6.02 1.23 136.77 100.64 DTE Energy DTE 3.5 20 110.00 –4.12.9525 13.50 8.28 EmbotellAndinaA AKO.A 6.4 13 12.17 +0.14.2395 55.88 42.91 FirstIndRlty FR 2.6 17 50.09 –2.77 .32 7.95 3.75 GrafTechIntl EAF .9 5 4.66 –0.34 .01
19.76 8.28 Cinemark CNK ... dd 16.20 –0.85 ... 61.12 45.11 DT Midstream DTM 5.9 12 46.58 –1.94 .69 16.36 9.63 EmbotellAndinaB AKO.B 5.6 16 15.26 +0.04.4053 9.81 5.24 FirstMajestic AG .4 dd 5.33 –0.24.0057 14.66 6.51 Graham GHM ... cc 12.87 –0.36 ...
48.13 13.26 CircorIntl CIR ... 24 47.94 +0.24 ... 13.23 0.40 D-WaveQuantum QBTS ... dd 1.63 –0.25 ... 17.14 7.91 Embraer ERJ ... dd 14.43 –2.19 ... 43.31 35.60 FirstEnergy FE 4.1 54 38.49 –0.58 .39 681.70 525.58 GrahamHoldings GHC 1.2 cc 567.90 –3.06 1.65
54.56 40.01 Citigroup C 4.4 6 46.02 –2.17 .51 33.12 22.11 DXC Tech DXC ... dd 25.85 –1.59 ... 4.55 3.01 EmeraldHldg EEX ... 14 3.95 –0.21 ... 12.30 1.31 FiscalNote NOTE ... dd 3.23 +0.23 ... 748.76 441.63 Grainger GWW 1.0 23 737.90 +5.47 1.86
44.82 23.37 CitizensFin CFG 6.6 6 25.47 –1.79 .42 19.30 11.17 Dana DAN 2.5 dd 15.76 –1.05 .10 7.50 3.06 Emeren SOL ... 7 3.68 –0.07 ... 122.39 87.80 Fiserv FI ... 32 120.49 +0.53 ... 44.15 25.35 GraniteConstr GVA 1.3 23 39.28 –0.50 .13
June 26, 2023 BARRON’S 47

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
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.
–0.09 .20
NYSE Cumulative Daily Breadth vs DJIA
10.83 3.97 GranitePointMtg GPMT17.4 dd 5.18 41.94 28.77 Leggett&Platt LEG 6.4 14 28.87 –2.33 .46 94.26 68.01 McCormickVtg MKC.V 1.7 38 93.25 +1.70 .39
14.00 4.82 GraniteRidge GRNT 5.9 5 6.79 +0.21 .11 110.91 76.58 Leidos LDOS 1.7 17 84.72 –1.17 .36 94.39 70.60 McCormick MKC 1.7 38 93.79 +1.14 .39
27.56 19.46 GraphicPkg GPK 1.7 12 23.60 –2.41 .10 9.84 1.03 Leju LEJU ... dd 3.28 –0.45 ... 298.86 230.58 McDonald's MCD 2.1 31 289.91 –3.79 1.52
29.99 10.30 GravitasEduc GEHI ... ... 14.98 +1.23 ... 32.97 10.29 Lemonade LMND ... dd 16.87 –2.83 ... 10.00 2.81 McEwenMining MUX ... dd 7.05 –0.24 ...
20.83 6.50 GrayTelevision GTN 4.5 2 7.19 –0.27 .08 Out of Steam: NYSE Composite breadth fell for the first time in four 15.79 6.31 LendingClub LC ... 4 9.37 –0.50 ... 419.33 310.37 McKesson MCK .5 17 415.76 +9.56 .54
19.50 7.40 GrayTelevision A GTN.A 3.5 3 9.12 +0.43 .08 123.06 67.78 Lennar A LEN 1.2 8 122.30 +2.28 .375 17.01 5.08 MediaAlpha MAX ... dd 9.30 –0.26 ...
11.21 5.15 GreatAjax AJX 14.3 dd 5.61 –0.29 .20 weeks, as the S&P 500 ended a five-week winning streak. Losing 109.54 56.84 Lennar B LEN.B 1.4 7 109.41 +3.69 .375 17.36 7.10 MedicalProp MPW13.4 17 8.68 –0.50 .29
57.18 18.73 GreenBrickPtrs GRBK ... 9 54.63 +0.30 ... 315.25 197.92 LennoxIntl LII 1.4 22 311.71 +0.67 1.10 191.99 77.67 Medifast MED 7.5 7 88.28 +5.95 1.65
28.91 14.96 GreenDot GDOT ... 16 18.16 –1.28 ... NYSE stocks outpaced winners by more than 2 to 1. 10.97 9.83 LeoHldgsII A LHC ... 47 10.60 +0.01 ... 95.60 75.77 Medtronic MDT 3.2 31 87.48 –1.67 .69
39.52 23.80 Greenbrier GBX 3.4 27 31.41 –0.37 .27 Breadth DJIA 20.49 12.80 LeviStrauss LEVI 3.3 12 14.41 –0.66 .12 119.65 84.52 Merck MRK 2.5 22 114.60 +5.28 .73
14.97 5.65 Greenhill GHL 2.7 dd 14.62 ... .10 8.15 4.30 Li-Cycle LICY ... dd 5.44 –0.20 ... 46.39 26.15 MercuryGeneral MCY 4.1 dd 30.61 –0.01.3175
5.40 2.32 GreenTree GHG ... dd 5.34 +0.90 ... 594,500 34,600 18.36 10.71 LibertyEnergy LBRT 1.6 4 12.48 –1.26 .05 21.04 12.49 MeridianLink MLNK ... dd 19.75 –0.80 ...
84.87 58.77 Greif B GEF.B 4.0 7 75.58 –4.53 .75 146.66 94.02 LifeStorage LSI 3.8 29 126.63 –3.15 1.20 138.00 65.41 MeritageHomes MTH .8 6 137.06 +6.73 .27
74.22 57.38 Greif A GEF 3.0 9 66.55 –3.60 .50 21.75 8.75 LifeTime LTH ... 60 19.00 –0.86 ... 29.50 8.76 MesaRoyalty MTR 8.9 12 24.21 +1.10.1362
589,000 33,400
19.54 15.07 GreystoneHousing GHI 9.1 7 16.24 +0.08 .37 1.88 0.73 LightInTheBox LITB ... dd 1.22 –0.13 ... 29.95 16.56 MesabiTrust MSB 9.1 dd 20.65 –0.80 .84
43.74 25.59 Griffon GFF 1.3 dd 37.45 +0.04 .125 86.80 2.91 Lightng eMotors ZEV ... 3 3.64 ... ... 1.81 0.70 MetaData AIU ... dd 1.05 –0.05 ...
71.51 4.50 Grindr GRND ... dd 5.62 –0.25 ... 583,500 32,200 25.93 12.45 Lightspeed LSPD ... dd 15.00 –1.37 ... 12.19 8.49 MetalsAcqn MTAL ... dd 10.14 +0.54 ...
248.50 136.16 Group1Auto GPI .7 5 246.31 +8.72 .45 462.26 296.32 EliLilly LLY 1.0 74 458.84 +11.13 1.13 51.38 32.25 MethodeElec MEI 1.7 16 32.77 –5.39 .14
40.25 0.91 GroveCollab GROV ... dd 1.70 –0.33 ... 578,000 31,000 54.59 18.50 LincolnNational LNC 7.6 dd 23.78 –0.59 .45 77.36 48.95 MetLife MET 3.9 24 53.33 –2.17 .52
200.85 126.01 GpoAeroportuar PAC 2.9 ... 178.76 –14.242.0894 Breadth 585,523 378.50 262.47 Linde LIN 1.4 41 370.59 –4.701.275 80.37 13.98 MetropolitanBk MCB ... 5 31.96 –6.43 ...
314.48 179.01 GpoAeroportSur ASR 1.8 16 278.49 –18.695.6528 183.08 116.16 Lindsay LNN 1.1 17 124.99 –2.28 .34 1615.97 1065.55 Mettler-Toledo MTD ... 33 1288.25 –33.72 ...
3.79 1.96 GpoAvalAcc AVAL 3.5 14 2.35 –0.03.0161 572,500 29,800 5.66 1.68 LionElectric LEV ... cc 1.93 +0.02 ... 190.17 138.68 MidAmApt MAA 3.8 26 145.64 –9.65 1.40
3.23 1.20 GpoSupervielle SUPV ... dd 2.96 –0.05 ... 12.09 5.46 LionsGate A LGF.A ... dd 8.71 –0.74 ... 37.51 21.00 MillerIndustries MLR 2.1 15 35.07 –1.21 .18
8.94 4.38 GrupoTelevisa TV 1.6 dd 5.01 –0.31.0985 567,000 28,600 11.33 5.19 LionsGate B LGF.B ... dd 8.19 –0.66 ... 73.57 49.38 MineralsTechs MTX .4 15 54.19 –2.76 .05
37.89 22.12 GuarantyBcshrs GNTY 3.4 9 27.02 –0.77 .23 299.29 180.00 LithiaMotors LAD .7 7 283.43 +11.64 .50 9.53 5.40 MirionTech MIR ... dd 8.24 +0.04 ...
24.15 14.27 Guess GES 6.1 10 19.70 –0.87 .30
J A S O N D J F M A M J 33.10 17.58 LithiumAmericas LAC ... dd 20.12 –0.75 ... 12.58 7.80 MisterCarWash MCW ... 28 8.48 –0.33 ...
83.51 52.08 Guidewire GWRE ... dd 70.48 –2.24 ... In generating this chart, we subtract each day's NYSE composite declines from that day's advances. The resultant total is 99.66 64.25 LiveNationEnt LYV ... cc 87.76 –2.42 ... 8.31 3.38 MistrasGroup MG ... 31 7.12 –0.35 ...
12.91 8.30 GuildHldgs GHLD ... 9 11.95 +0.01 ... added to the next day's total, and so on. When all five days' numbers are added together, this produces the weekly figure we 43.73 17.31 LiveOakBcshs LOB .5 8 25.06 –0.34 .03 7.71 4.31 MitsubishiUFJ MUFG 2.6 10 7.02 +0.09.1021
plot. Dec. 31, 1985 =1000.
109.94 60.15 GulfportEnergy GPOR ... 2 97.27 –7.10 ... 10.63 9.61 LiveOakCrestA LOCC ... 97 10.27 +0.05 ... 9.17 6.06 MiX Telematics MIXT 2.9 30 6.08 –0.70.0576
10.44 9.64 LiveOakCrestview LOCC.UT ... ... 10.26 +0.02 ... 3.30 2.10 MizuhoFin MFG 3.1 9 2.97 –0.01.0541
H 36.38 18.26 Livent LTHM ... 16 25.86 –0.92 ... 33.91 0.87 Moatable MTBL .0 dd 1.58 +0.0231.5585
–52-Week– Tick Div –52-Week– Tick Div 30.74 15.37 LiveRamp RAMP ... dd 27.03 +1.01 ... 43.18 24.20 ModelN MODN ... dd 34.23 +0.27 ...
296.98 164.47 HCA Healthcare HCA .8 15 295.40 +5.32 .60 High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt.
73.16 27.65 HCI Group HCI 2.7 dd 58.92 +1.20 .40 12.27 4.20 LiveWire LVWR ... dd 11.27 +1.27 ... 34.01 9.94 ModineMfg MOD ... 11 31.58 +0.58 ...
69.60 45.52 JohnsonControls JCI 2.3 32 64.99 –0.48 .37 2.63 1.70 LloydsBanking LYG 5.4 ... 2.10 –0.17.0792 18.30 9.61 Modiv MDV 8.8 dd 13.01 –1.07.0958
71.76 53.65 HDFC Bank HDB .9 22 68.69 +2.24.5935 I 191.79 123.00 JonesLang JLL ... 14 146.03 –4.99 ...
66.19 37.12 HF Sinclair DINO 4.2 3 42.50 –3.50 .45 3.02 1.25 loanDepot LDI ... dd 1.94 –0.03 ... 50.23 33.12 Moelis MC 5.7 33 42.28 –3.10 .60
23.75 17.57 ICICI Bank IBN .5 19 22.82 –0.05.1124 10.08 2.55 JumiaTech JMIA ... dd 3.25 –0.42 ... 62.66 3.16 LocalBounti LOCL ... dd 3.17 –1.36 ... 137.41 87.02 MohawkInds MHK ... dd 97.82 –3.08 ...
10.68 9.80 HH&L Acqn HHLA ... 55 10.49 +0.02 ... 10.78 9.90 JuniperII A JUN ... 28 10.33 –0.03 ...
37.10 24.61 HNI HNI 4.7 10 27.50 +0.70 .32 11.03 4.96 ICL Group ICL 2.7 4 5.73 –0.22.1132 508.10 373.67 LockheedMartin LMT 2.6 21 459.36 +0.193.00 374.00 256.19 MolinaHealthcare MOH ... 20 287.94 +9.92 ...
115.92 93.53 IDACORP IDA 3.1 19 102.32 –3.44 .79 34.53 25.18 JuniperNetworks JNPR 2.9 20 29.91 –2.56 .22 63.24 49.36 Loews L .4 13 57.90 –0.67.0625 68.13 46.69 MolsonCoorsB TAP 2.5 dd 66.18 –0.10 .41
35.75 24.08 HP HPQ 3.5 11 29.61 –1.39.2625
39.63 24.77 HSBC HSBC 5.5 7 38.23 –0.95 .50 35.18 23.07 IDT IDT ... 13 25.93 –0.02 ... K 7.95 4.45 LomaNegra LOMA 3.8 cc 6.65 +0.12.4011 81.90 7.50 MoneyLion ML ... dd 10.51 –0.71 ...
6.50 1.64 HUYA HUYA ... dd 3.57 –0.46 ... 11.24 4.91 IHS Holding IHS ... dd 8.54 +0.17 ... 73.04 48.20 LouisianaPacific LPX 1.4 11 67.85 +4.21 .24 55.00 28.64 MontroseEnvl MEG ... dd 40.03 –1.96 ...
91.39 62.69 Haemonetics HAE ... 38 84.33 +0.47 ... 14.72 8.14 ING Groep ING 4.6 ... 12.64 –0.76.1737 48.28 30.14 KB Financial KB 5.0 4 35.64 –2.33.3829 223.31 170.76 Lowe's LOW 2.0 21 215.22 –1.86 1.10 351.06 230.16 Moody's MCO .9 45 337.28 –4.57 .77
13.58 7.72 Hagerty HGTY ... dd 9.47 –0.16 ... 3.53 0.64 INNOVATE VATE ... dd 1.75 +0.29 ... 52.40 25.31 KB Home KBH 1.2 6 52.02 +1.25 .15 6.57 1.23 LufaxHolding LU 14.3 5 1.37 –0.19 .05 111.01 70.25 Moog A MOG.A 1.0 20 105.63 –1.51 .27
9.05 5.59 Haleon HLN .7 29 8.42 ....0577 20.56 13.20 Invesco IVZ 5.0 12 16.01 –0.77 .20 65.62 41.96 KBR KBR .9 27 62.62 –2.95 .135 11.61 1.74 LumenTech LUMN .0 dd 1.82 –0.43 .25 110.00 69.94 Moog B MOG.B 1.0 21 108.22 –0.07 .27
43.42 23.30 Halliburton HAL 2.1 14 30.89 –1.69 .16 249.11 165.75 IQVIA IQV ... 38 214.06 –1.96 ... 21.08 9.09 KE Holdings BEKE ... 67 14.94 –2.04 ... 2.72 1.53 LumentFinance LFT 12.3 13 1.95 +0.02 .06 100.99 72.05 MorganStanley MS 3.7 14 83.58 –4.51 .775
14.93 9.21 HamiltonBeach HBB 4.3 11 10.33 +1.12 .11 8.58 3.16 IRSA IRS ... dd 7.79 +0.64 ... 60.53 41.77 KKR KKR 1.2 dd 53.59 –3.61 .165 17.83 12.71 Luxfer LXFR 3.5 21 15.06 –1.05 .13 63.16 31.44 Mosaic MOS 2.3 4 34.21 –1.61 .20
11.77 3.85 Hanesbrands HBI .0 dd 4.26 –0.43 .15 95.18 63.77 ITT ITT 1.3 18 87.07 –2.14 .29 19.99 9.94 KKR RealEstFin KREF14.4 dd 11.91 –0.50 .43 101.30 71.46 LyondellBasell LYB 5.7 10 88.33 –3.91 1.25 299.43 204.55 MotorolaSol MSI 1.3 35 278.61 –1.64 .88
46.24 21.56 HannonArmstrong HASI 6.7 cc 23.74 –3.40 .395 3.34 0.92 IamGold IAG ... dd 2.58 –0.33 ... 4.86 0.12 KoreGroup KORE ... dd 1.29 –0.04 ... 37.31 24.25 Movado MOV 5.2 7 26.71 +0.35 .35
M 86.23 51.07 MuellerIndustries MLI 1.4 7 83.75 +2.46 .30
149.64 110.00 HanoverIns THG 2.9 dd 110.41 –4.89 .81 10.78 9.99 IconicSportsA ICNC ... 39 10.63 +0.03 ... 14.93 11.12 KT KT 5.3 6 11.57 –0.48.7482
51.77 30.62 HarleyDavidson HOG 2.0 6 33.41 –0.94 .165 246.23 177.26 IDEX IEX 1.3 26 203.04 –6.71 .64 229.90 154.19 Kadant KAI .6 23 209.39 –14.36 .29 193.42 109.36 M&T Bank MTB 4.5 9 115.87 –7.29 1.30 15.95 9.90 MuellerWater MWA 1.6 31 15.35 –0.30 .061
5.43 1.94 HarmonyGold HMY ... 25 4.23 –0.28 ... 4.26 1.34 iHuman IH ... 7 2.86 –0.03 ... 10.85 1.57 Kaleyra KLR ... dd 4.03 –0.37 ... 14.00 7.33 MBIA MBI ... dd 8.48 –0.21 ... 6.19 0.61 MultiPlan MPLN ... dd 2.06 +0.19 ...
79.44 60.17 HartfordFinl HIG 2.4 12 70.47 –1.41 .425 253.37 173.52 IllinoisToolWks ITW 2.2 24 242.25 –5.74 1.31 35.31 18.88 Kaman KAMN 3.4 dd 23.30 +0.96 .20 45.89 27.04 MDC Holdings MDC 4.5 7 44.63 –0.33 .50 51.29 25.97 MurphyOil MUR 2.9 5 37.46 –1.44 .275
38.85 22.77 HavertyFurn HVT 4.2 6 28.43 –0.25 .30 21.82 12.13 Imax IMAX ... dd 17.26 –0.70 ... 77.17 63.74 Kellogg K 3.6 27 65.16 –1.13 .59 22.32 17.82 MDU Rscs MDU 4.5 11 19.92 –0.69.2225 323.00 226.09 MurphyUSA MUSA .5 11 292.49 +3.26 .38
37.62 24.68 HavertyFurn A HVT.A 4.0 6 28.19 –0.60 .28 5.25 2.49 IndependenceContr ICD ... dd 2.54 –0.15 ... 68.15 40.65 Kemper KMPR 2.6 dd 48.23 +2.40 .31 13.21 7.15 MFA Financial MFA 12.8 dd 10.92 –0.60 .35 26.49 16.08 MyersIndustries MYE 2.8 13 19.04 –1.03 .135
44.01 33.18 HawaiianElec HE 4.0 17 36.11 –1.50 .36 22.64 14.55 IndepRealty IRT 3.7 76 17.33 –1.18 .16 30.60 20.21 Kennametal KMT 2.9 18 27.34 –1.45 .20 16.07 12.13 MGIC Investment MTG 2.6 5 15.22 –0.08 .10 N
15.58 7.97 Hayward HAYW ... 23 11.56 +0.13 ... 10.77 9.85 InfiniteAcqnA NFNT ... 66 10.55 +0.02 ... 20.94 13.97 Kennedy-Wilson KW 6.2 dd 15.50 –1.37 .24 46.37 27.44 MGM Resorts MGM .0 9 41.38 –1.26.0025
30.07 17.67 HealthcareRealty HR 5.7 dd 18.13 –1.33 .31 23.87 13.29 Informatica INFA ... dd 17.91 –0.63 ... 48.20 24.00 KenonHoldings KEN 11.3 dd 24.63 –1.49 2.79 82.81 35.37 M/I Homes MHO ... 5 81.55 +3.22 ... 61.51 29.37 NACCO Inds NC 2.5 4 34.62 +0.89.2175
28.43 19.09 HealthpeakProp PEAK 6.2 19 19.27 –1.40 .30 20.60 14.71 Infosys INFY 1.6 21 15.20 –0.63.2133 10.91 9.98 KensingtonCapAcqnV KCGI.UT ... ... 10.62 +0.01 ... 19.49 4.45 MinisoGroup MNSO .0 23 15.59 –1.96 .152 15.44 8.43 N-able NABL ... cc 14.26 –0.27 ...
10.86 9.91 HeartlandMediaA HMA ... 63 10.53 +0.01 ... 65.24 39.28 IngersollRand IR .1 39 63.37 –1.15 .02 10.57 9.86 KensingtonCapV A KCGI ... 24 10.55 ... ... 3.44 1.75 MOGU MOGU ... dd 2.39 –0.25 ... 35.42 18.06 NCR NCR ... 40 24.37 –0.75 ...
7.00 3.41 HeclaMining HL .3 dd 4.98 –0.31.0025 90.81 46.52 Ingevity NGVT ... 10 51.92 –2.47 ... 27.80 24.75 Kenvue KVUE ... ... 26.48 +0.23 ... 35.37 27.50 MPLX MPLX 9.3 9 33.23 –0.84 .775 17.19 9.35 NetPower NPWR ... dd 12.27 +0.34 ...
180.59 127.45 Heico HEI .1 64 173.74 +7.85 .10 113.46 78.81 Ingredion INGR 2.7 13 104.14 –2.55 .71 20.30 8.54 KeyCorp KEY 8.8 5 9.35 –0.58 .205 40.12 20.21 MP Materials MP ... 17 21.45 –1.32 ... 4.25 1.00 NGL Energy NGL ... dd 3.78 –0.40 ...
143.43 102.80 Heico A HEI.A .1 51 139.26 +6.72 .10 125.38 63.36 InnovativeIndProp IIPR 10.2 13 70.59 –4.08 1.80 189.45 133.34 KeysightTech KEYS ... 24 157.98 –6.88 ... 13.90 7.03 MRC Global MRC ... 13 10.26 +0.32 ... 24.43 7.00 NIO NIO ... dd 8.43 –0.97 ...
3.63 0.19 Heliogen HLGN ... dd .22 –0.02 ... 4.40 0.75 Innovid CTV ... dd 1.03 +0.03 ... 55.85 25.99 KilroyRealty KRC 7.7 14 28.01 –2.76 .54 168.12 108.75 MSA Safety MSA 1.2 dd 162.32 +0.57 .47 10.71 5.39 NL Industries NL 5.1 32 5.54 –0.40 .07
72.61 48.27 HeliosTech HLIO .6 25 62.66 –0.27 .09 131.09 94.34 Insperity NSP 2.0 22 116.38 –3.39 .57 147.87 108.74 KimberlyClark KMB 3.4 23 136.97 –0.71 1.18 572.50 385.00 MSCI MSCI 1.2 43 465.15 –12.58 1.38 48.42 38.05 NNN REIT NNN 5.3 21 41.25 –1.39 .55
9.16 2.47 HelixEnergy HLX ... dd 6.93 +0.18 ... 323.23 159.62 InspireMedical INSP ... dd 315.08 +3.68 ... 23.89 17.34 KimcoRealty KIM 5.0 77 18.42 –1.03 .23 98.37 71.33 MSC Industrial MSM 3.3 15 96.13 –1.53 .79 24.83 13.98 NOV NOV 1.3 18 15.20 –0.39 .05
54.45 30.41 Helm&Payne HP 3.0 11 33.60 –1.01 .235 134.18 74.69 InstalledBldg IBP 1.0 16 132.74 +5.98 .33 19.36 15.92 KinderMorgan KMI 6.9 14 16.32 –0.72.2825 10.56 9.44 M3-Brigade II A MBAC ... 48 10.21 ... ... 14.86 8.83 NOW DNOW ... 9 10.37 +0.39 ...
30.65 11.14 Herbalife HLF ... 5 12.63 +0.18 ... 41.01 24.00 InsteelInds IIIN .4 7 30.13 –1.12 .03 41.15 26.32 Kinetik KNTK 9.0 26 33.20 –0.74 .75 10.60 9.92 M3-BrigadeIII A MBSC ... cc 10.46 +0.01 ... 45.80 30.25 NRG Energy NRG 4.4 dd 34.69 +0.57.3775
162.47 86.00 HercHoldings HRI 2.0 11 125.43 –1.66.6325 31.47 20.33 Instructure INST ... dd 24.17 –0.63 ... 10.60 5.31 KingswayFin KFS ... 3 8.39 –0.35 ... 16.41 8.38 MV Oil MVO 17.7 5 12.10 –0.40 .345 6169.37 3816.56 NVR NVR ... 13 6160.21 +169.83 ...
16.28 10.94 HerculesCapital HTGC 11.1 10 14.11 –0.66 .08 86.81 50.05 IntegerHoldings ITGR ... 43 86.07 +0.48 ... 5.57 3.00 KinrossGold KGC 2.6 cc 4.61 –0.27 .03 15.90 3.60 Mytheresa MYTE ... dd 3.61 –0.24 ... 10.95 9.99 NaborsEnerA NETC ... cc 10.63 +0.02 ...
5.23 1.12 HeritageInsurance HRTG ... dd 4.03 –0.11 ... 10.98 9.96 IntegratedRailA IRRX ... cc 10.71 ... ... 365.14 217.19 KinsaleCapital KNSL .2 45 358.31 +2.76 .14 14.51 7.40 Macerich MAC 6.5 dd 10.43 –0.89 .17 190.90 83.05 NaborsIndustries NBR ... dd 93.83 –7.72 ...
12.11 5.64 HershaHospitality HT 3.5 2 5.69 –0.37 .05 11.68 9.97 IntegratedWellA WEL ... cc 10.74 –0.02 ... 76.66 55.03 Kirby KEX ... 30 72.85 –1.70 ... 25.12 12.80 Macy's M 4.4 4 15.00 –0.85.1654 50.00 26.48 NatlBankHoldings NBHC 3.6 11 28.91 –2.79 .26
276.88 211.49 Hershey HSY 1.6 31 259.09 –1.631.036 113.15 88.60 ICE ICE 1.5 43 111.09 –0.59 .42 23.10 16.42 KiteRealty KRG 4.5 cc 20.70 –0.72 .24 40.81 28.09 MSG Ent MSGE ... ... 32.35 –6.67 ... 74.62 49.27 NationalFuelGas NFG 4.0 8 49.61 –2.31 .495
160.52 90.34 Hess HES 1.3 19 131.61 –3.95.4375 72.10 47.06 InterContinentl IHG 2.0 32 67.75 –3.48 .945 49.19 33.67 KnifeRiver KNF ... ... 45.57 –0.34 ... 209.82 136.61 MSG Sports MSGS .0 53 179.29 –0.80 7.00 74.48 47.22 NationalGrid NGG 5.0 5 66.57 –1.362.3458
32.20 24.33 HessMidstream HESM 8.0 15 29.31 –0.70.5851 29.50 19.65 IntercorpFinSvcs IFS 5.0 6 23.78 –0.49 1.18 64.35 44.89 Knight-Swift KNX 1.0 13 54.00 –0.97 .14 64.42 44.79 MagellanMid MMP 7.0 11 59.48 –0.621.0475 67.16 47.54 NatlHealthInv NHI 7.0 25 51.34 –2.75 .90
17.74 11.90 HewlettPackard HPE 2.9 21 16.52 –1.05 .12 153.21 115.55 IBM IBM 5.1 66 129.43 –8.05 1.66 11.52 9.87 KnightSwanA KNSW ... cc 10.54 +0.01 ... 68.92 45.58 MagnaIntl MGA 3.5 34 52.03 –4.96 .46 82.59 63.06 NatlPrestoInds NPK 1.4 19 72.72 –4.953.00
75.47 49.80 Hexcel HXL .7 40 71.66 –0.45 .125 129.20 75.18 IntlFlavors IFF 4.3 dd 75.28 –5.07 .81 18.70 4.28 KnotOffshore KNOP 2.0 3 5.16 –0.15 .026 16.98 8.18 Magnachip MX ... dd 11.20 +0.07 ... 58.31 33.80 NatlStorage NSA 6.6 34 33.82 –1.69 .56
35.78 19.45 HighwoodsProp HIW 9.4 14 21.23 –1.66 .50 32.23 15.01 IntlGameTech IGT 2.6 28 30.39 –0.34 .20 20.25 11.57 Knowles KN ... dd 17.18 –0.70 ... 27.57 18.01 MagnoliaOil MGY 2.2 5 19.66 –1.07 .115 7.41 3.61 Natura&Co NTCO ... dd 7.28 +0.57 ...
53.76 36.16 Hillenbrand HI 1.8 20 49.32 –3.25 .22 45.18 29.01 IntlPaper IP 6.0 6 30.60 –1.38.4625 39.74 17.89 Kohl's KSS 9.3 dd 21.45 –1.62 .50 10.82 9.77 MagnumOpusA OPA ... 17 10.45 +0.06 ... 12.73 9.11 NaturalGasSvcs NGS ... dd 9.81 +0.08 ...
34.87 24.18 Hilltop HTH 2.1 18 30.44 –1.01 .16 53.25 17.89 IntlSeaways INSW 1.3 3 37.46 –0.19 1.50 21.38 11.25 Philips PHG .0 dd 20.33 –0.08.9387 45.67 31.66 MainStreetCap MAIN 7.2 12 38.20 –1.00 .23 17.63 8.00 NaturalGrocers NGVC 3.3 17 12.11 +0.31 .10
51.81 32.12 HiltonGrandVac HGV ... 14 44.48 –1.16 ... 40.95 25.14 Interpublic IPG 3.2 17 38.48 –1.56 .31 53.83 31.46 KontoorBrands KTB 4.8 10 40.40 –1.81 .48 27.34 10.41 ManchesterUnited MANU ... dd 22.60 –1.05 ... 65.72 36.21 NaturalResPtrs NRP 6.0 4 50.11 +2.12 .75
152.89 108.41 Hilton HLT .4 30 137.11 –3.70 .15 56.66 17.23 IntrepidPotash IPI ... 6 21.02 –0.63 ... 38.42 20.11 Koppers KOP .7 10 32.36 –1.81 .06 20.20 7.53 Manitowoc MTW ... dd 17.53 –0.22 ... 10.74 4.40 Natuzzi NTZ ... dd 6.75 +0.10 ...
6.61 4.85 HimalayaShipping HSHP ... ... 6.34 +0.40 ... 30.18 20.76 InvenTrust IVT 3.8 35 22.87 –0.56.2155 8.93 5.76 KoreaElecPwr KEP ... dd 6.95 –0.46 ... 92.43 64.00 Manpower MAN 3.8 11 76.59 +0.03 1.47 7.80 4.71 NatWest NWG 5.7 6 5.79 –0.80.3958
12.34 4.01 Hims&HersHealth HIMS ... dd 8.42 –0.23 ... 18.00 9.48 InvescoMtg IVR 14.4 dd 11.10 –0.17 .40 66.65 44.69 KornFerry KFY 1.2 10 49.70 –1.28 .15 20.40 14.92 ManulifeFinl MFC 4.9 8 18.19 –0.80.2703 2.60 1.12 Nautilus NLS ... dd 1.15 –0.14 ...
27.25 11.30 Hippo HIPO ... dd 16.91 +1.10 ... 9.00 1.02 Invitae NVTA ... dd 1.11 –0.13 ... 8.55 4.64 KosmosEnergy KOS ... 9 5.47 –0.74 ... 33.42 19.42 MarathonOil MRO 1.7 5 21.95 –1.55 .10 15.21 9.81 NavigatorHldgs NVGS ... 22 12.82 +0.01 ...
18.66 6.88 HireRight HRT ... 7 11.04 –0.18 ... 40.20 28.52 InvitatHomes INVH 3.2 65 32.74 –1.66 .26 52.00 41.82 Kroger KR 2.5 13 46.14 –0.03 .29 138.83 77.62 MarathonPetrol MPC 2.7 3 111.64 –1.65 .75 2.97 1.53 NaviosMaritime NM ... dd 1.69 +0.04 ...
12.68 1.88 Holley HLLY ... 7 3.67 +0.11 ... 11.65 3.04 IonQ IONQ ... dd 9.37 –0.33 ... 19.46 7.76 KronosWorldwide KRO 8.8 31 8.62 –0.29 .19 41.51 27.49 Marcus&Millichap MMI 1.6 19 30.97 –1.59 .25 101.60 78.41 Nelnet NNI 1.1 15 96.11 –3.64 .26
19.85 15.12 HollyEnergy HEP 8.1 10 17.35 –0.99 .35 57.53 43.33 IronMountain IRM 4.6 27 53.97 –2.79.6185 2.18 0.33 KukeMusic KUKE ... ... .69 ... ... 18.23 13.62 Marcus MCS 1.4 dd 14.56 –0.64 .05 4.44 1.80 NerdyA NRDY ... dd 4.00 –0.12 ...
26.20 19.77 HomeBancShares HOMB 3.3 13 22.10 –1.30 .18 3.06 0.14 IronNet IRNT ... dd .21 ... ... 17.21 7.93 Kyndryl KD ... dd 12.84 –0.66 ... 14.45 0.84 MariaDB MRDB ... 4 .89 –0.16 ... 21.48 17.07 Netstreit NTST 4.6 cc 17.26 –1.26 .20
347.25 265.61 HomeDepot HD 2.8 18 300.81 +0.43 2.09 6.08 3.90 ItauUnibanco ITUB ... 10 5.94 +0.04 ... 16.89 7.75 MarineProducts MPX 3.4 13 16.30 +0.12 .14 53.34 22.12 Nevro NVRO ... dd 24.90 –0.28 ...
L
32.62 21.44 HondaMotor HMC 2.3 11 30.15 –1.17.4421 J 44.03 25.60 MarineMax HZO ... 4 30.06 –1.11 ... 55.84 38.07 NewJerseyRscs NJR 3.4 15 45.98 –1.51 .39
40.13 28.90 HoraceMannEdu HMN 4.5 dd 29.07 –1.38 .33 139.89 89.28 LCI Inds LCII 3.6 15 116.96 –4.13 1.05 1458.56 1064.09 Markel MKL ... 64 1324.05 –19.64 ... 46.74 17.01 NewOrientalEduc EDU ... dd 36.60 –5.70 ...
51.69 37.78 HormelFoods HRL 2.7 24 40.47 –0.80 .275 25.68 13.37 JBG SMITH Prop JBGS 6.6 16 13.58 –1.77 .225 6.69 4.08 LG Display LPL .0 dd 6.34 –0.25 .231 3.24 0.71 Markforged MKFG ... dd 1.14 +0.04 ... 86.00 47.85 NewRelic NEWR ... dd 65.66 –1.27 ...
120.96 64.39 DR Horton DHI .8 8 120.40 +4.00 .25 18.02 8.38 JELD-WEN JELD ... 23 16.19 +0.47 ... 11.00 2.75 LL Flooring LL ... dd 4.29 –0.42 ... 165.85 112.70 MarriottVacations VAC 2.4 13 120.22 –6.78 .72 11.21 5.81 NY CmntyBcp NYCB 6.5 3 10.47 –0.18 .17
102.36 74.18 HoulihanLokey HLI 2.3 24 93.86 –0.62 .55 30.36 15.45 J.Jill JILL ... 9 20.37 +0.05 ... 18.47 8.15 LSB Inds LXU ... 4 9.90 –0.43 ... 184.34 146.82 Marsh&McLen MMC 1.3 29 183.73 +2.58 .59 42.40 27.59 NYTimes A NYT 1.2 33 37.59 –0.03 .11
103.00 33.20 Hovnanian HOV ... 4 92.33 –5.49 ... 144.34 101.28 JPMorganChase JPM 2.9 10 138.85 –4.41 1.00 45.49 30.87 LTC Properties LTC 7.1 11 32.31 –1.71 .19 443.26 284.99 MartinMarietta MLM .6 29 442.38 +15.84 .66 411.55 280.28 NewMarket NEU 2.3 12 399.92 –6.39 2.25
89.58 50.90 HowardHughes HHC ... 23 75.25 –0.85 ... 107.30 48.80 Jabil JBL .3 15 103.04 –2.32 .08 255.10 174.55 L3HarrisTech LHX 2.4 40 191.90 –3.67 1.14 57.25 42.33 Masco MAS 2.1 16 55.26 –0.24 .285 64.40 37.45 Newmont NEM 3.8 dd 41.58 –2.25 .40
47.31 30.05 HowmetAerospace HWM .3 40 46.35 +0.37 .04 49.60 23.56 JacksonFinl JXN 8.6 1 28.93 –1.05 .62 11.92 8.81 LXP Industrial LXP 5.4 24 9.32 –1.00 .125 104.17 65.71 MasoniteIntl DOOR ... 12 98.17 –0.54 ... 5.01 2.38 NewparkResources NR ... dd 4.78 +0.24 ...
326.62 174.93 Hubbell HUBB 1.4 31 317.07 –3.31 1.12 138.05 106.78 JacobsSolns J .9 19 114.50 –2.07 .26 33.06 21.92 La-Z-Boy LZB 2.6 8 27.49 +0.30.1815 113.97 62.36 MasTec MTZ ... dd 110.54 +0.50 ... 7.70 4.27 NexaResources NEXA .0 dd 4.86 +0.02.1888
535.12 245.03 HubSpot HUBS ... dd 512.21 –7.11 ... 27.81 17.25 JamesHardie JHX ... 23 25.99 –1.52 ... 263.13 200.32 LabCorp.ofAmerica LH 1.2 21 234.83 +0.56 .72 15.00 7.08 MasterBrand MBC ... ... 11.06 –0.05 ... 5.11 3.39 NexGenEnergy NXE ... dd 4.55 –0.19 ...
6.34 3.08 HudbayMinerals HBM .3 cc 4.65 –0.53.0076 31.30 19.09 JanusHenderson JHG 5.9 12 26.39 –1.67 .39 ... ... LabAmericaWi LH.WI ... ... 200.00 ... ... 392.20 276.87 Mastercard MA .6 38 379.81 +3.28 .57 22.86 12.53 NexPointRealEst NREF13.2 dd 15.18 +0.68 .185
16.31 4.05 HudsonPacProp HPP 12.3 dd 4.08 –0.77 .125 12.24 7.97 JanusIntl JBI ... 12 9.48 –0.14 ... 12.18 8.67 LadderCapital LADR 8.9 9 10.31 –0.37 .23 73.78 41.17 MatadorRscs MTDR 1.2 5 49.64 –0.31 .15 66.98 38.67 NexPointResidentl NXRT 4.0 dd 42.48 –4.24 .42
571.30 435.00 Humana HUM .8 18 445.95 +0.30 .885 40.68 25.56 JefferiesFinl JEF 3.8 13 31.42 –1.54 .30 116.00 69.70 LambWeston LW 1.0 31 114.69 +0.35 .28 121.29 64.89 Materion MTRN .5 23 107.19 –2.29 .13 4.03 1.82 Nextdoor KIND ... dd 3.02 +0.12 ...
260.02 188.51 HuntingIngalls HII 2.3 15 216.96 –4.22 1.24 2.22 0.91 JianpuTech JT ... dd 1.12 –0.07 ... 22.81 4.19 Lanvin LANV ... dd 5.62 –0.21 ... 28.99 14.59 Mativ MATV10.8 dd 14.75 –1.57 .40 91.35 69.64 NextEraEnergy NEE 2.5 22 74.17 –1.42.4675
33.46 23.53 Huntsman HUN 3.7 13 25.40 –0.04.2375 76.92 38.43 JinkoSolar JKS ... 16 42.11 –5.28 ... 65.58 30.93 LasVegasSands LVS ... dd 57.28 –1.17 ... 92.10 56.51 Matson MATX 1.7 4 74.04 +0.54 .32 11.36 6.66 NexTierOilfield NEX ... 4 8.40 –0.44 ...
125.07 71.67 HyattHotels H .6 20 107.54 –5.63 .15 8.04 3.15 JobyAviation JOBY ... dd 6.32 –1.08 ... 43.44 27.71 Lazard LAZ 6.5 14 30.58 –1.52 .50 15.40 8.27 MauiLand MLP ... cc 14.49 +0.65 ... 86.48 51.76 NicoletBankshares NIC 1.5 16 67.94 –5.10 .25
4.71 1.22 Hyliion HYLN ... dd 1.65 –0.19 ... 123.12 81.59 JohnBeanTech JBT .3 29 116.39 –3.03 .10 158.44 114.67 Lear LEA 2.3 19 136.39 –6.67 .77 86.73 54.46 Maximus MMS 1.3 30 83.54 –2.15 .28 131.31 82.22 Nike NKE 1.2 32 109.52 –4.07 .34
57.61 20.99 HysterYaleMatls HY 2.5 dd 51.02 –0.73 .325 183.35 150.11 J&J JNJ 2.9 35 165.48 +1.25 1.19 10.78 9.82 LearnCWInvtA LCW ... 31 10.46 ... ... 16.66 5.95 MayvilleEngg MEC ... 16 13.52 –0.51 ... 17.10 2.03 NineEnergy NINE ... 7 3.31 +0.06 ...
48 BARRON’S June 26, 2023

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.
31.87 23.78 NiSource NI 3.7 18 26.72 –0.66 .25 47.03 20.37 ParTechnology PAR ... dd 33.69 –2.63 ... 128.94 82.23 RalphLauren RL 2.5 16 119.62 –3.56 .75 576.68 337.00 ServiceNow NOW ... cc 542.99 –22.49 ... 11.09 7.46 Suzano SUZ ... 4 9.55 –0.46 ...
21.98 11.78 NoahHoldings NOAH 2.6 7 14.46 –1.99 .38 21.49 14.92 Paragon28 FNA ... dd 17.96 –0.54 ... 36.38 22.61 RangeResources RRC 1.1 3 28.10 –0.39 .08 93.83 39.66 ServisFirst SFBS 2.7 9 40.73 –4.52 .28 21.66 6.10 Sweetgreen SG ... dd 10.88 +0.58 ...
45.50 22.64 Noble NE ... 15 36.52 –2.14 ... 7.95 3.90 ParamountGroup PGRE 3.4 dd 4.17 –0.34 .035 12.51 8.50 RangerEnergySvcs RNGR ... 9 9.75 –0.85 ... 76.14 37.79 ShakeShack SHAK ... dd 73.95 +2.82 ... 57.38 28.37 Sylvamo SLVM 2.5 9 40.71 –3.46 .25
5.28 3.93 Nokia NOK 1.7 5 3.98 –0.30.0329 16.92 10.08 ParkAerospace PKE 3.6 27 13.94 +0.02 .125 8.24 2.66 Ranpak PACK ... dd 4.06 –0.22 ... 10.80 2.13 Shapeways SHPW ... dd 3.18 –0.32 ... 40.89 26.59 SynchronyFinl SYF 2.8 6 32.70 –0.20 .23
20.32 12.50 NomadFoods NOMD ... 12 17.50 –0.53 ... 16.15 10.70 ParkHotels PK 4.5 11 12.31 –0.75 .15 126.00 82.00 RaymondJames RJF 1.7 13 97.19 –2.90 .42 62.75 44.90 Shell SHEL 3.6 5 59.60 –0.75 .575 44.91 25.19 SynovusFinl SNV 5.2 6 29.04 –2.22 .38
4.23 3.00 Nomura NMR 2.8 18 3.80 –0.16.0862 377.48 235.69 ParkerHannifin PH 1.6 32 370.12 +1.02 1.48 9.84 2.44 RayonierAdvMatls RYAM ... dd 4.15 –0.03 ... 265.64 195.24 SherwinWilliams SHW 1.0 30 247.04 –0.85 .605 88.84 69.22 Sysco SYY 2.8 24 72.45 –0.94 .50
4.65 1.80 NordicAmTankers NAT 10.3 9 3.68 –0.11 .15 50.15 38.47 Parsons PSN ... 53 47.28 –0.51 ... 38.62 27.81 Rayonier RYN 4.0 49 28.42 –2.36 .285 76.40 29.39 Shift4Paymts FOUR ... 45 61.74 –1.76 ... 12.00 2.69 System1 SST ... dd 4.85 +0.37 ...
27.43 14.03 Nordstrom JWN 4.2 cc 18.17 –0.89 .19 402.78 262.12 PaycomSoftware PAYC .5 58 306.20 –13.72 .375 104.91 80.27 RaytheonTech RTX 2.4 26 96.91 –0.83 .59 36.64 22.98 ShinhanFin SHG 4.9 4 26.05 –1.28.3936
18.25 6.75 Paymentus PAY ... dd 10.48 –0.05 ... 14.19 9.36 ReadyCapital RC 5.2 8 10.69 –0.45 .40 T
264.22 196.33 NorfolkSouthern NSC 2.4 17 218.00 –6.14 1.35 67.36 23.63 Shopify SHOP ... dd 63.79 –0.92 ...
20.23 9.20 NorthAmConstr NOA 1.5 11 19.87 +0.33.0588 30.54 9.34 Paysafe PSFE ... dd 10.63 –0.11 ... 75.11 55.50 RealtyIncome O 5.2 41 58.76 –2.63.2555 10.98 9.89 ShoulderUpTechA SUAC ... 92 10.48 –0.02 ... 10.45 2.81 TAL Education TAL ... dd 5.59 –0.93 ...
18.49 10.03 NoEuroOil NRT 25.4 4 12.82 –0.47 1.05 32.89 17.42 PeabodyEnergy BTU 1.4 2 20.69 +0.14 .075 4.58 1.67 Redwire RDW ... dd 2.59 –0.23 ... 81.23 44.61 Shutterstock SSTK 2.3 21 47.09 –2.04 .27 55.50 36.79 TC Energy TRP 7.0 31 39.26 –1.33.6846
39.02 21.45 NorthernOil&Gas NOG 4.6 2 32.07 –1.23 .37 47.00 8.00 PeakstoneRealty PKST 2.7 dd 33.40 –6.25 .225 8.97 5.47 RedwoodTrust RWT13.9 dd 6.11 –0.36 .16 12.44 6.33 Sibanye-Stillwater SBSW 7.2 4 6.38 –1.00.2675 15.38 6.52 TDCX TDCX ... 15 8.14 –0.51 ...
11.55 9.79 NorthernStrIII A NSTC ... 36 10.40 –1.15 ... 12.03 8.84 Pearson PSO 2.5 26 10.34 –0.21.1815 162.89 108.82 RegalRexnord RRX .9 28 148.38 –2.86 .35 83.42 50.84 SignetJewelers SIG 1.5 7 62.32 +1.96 .23 111.57 78.86 TD Synnex SNX 1.5 13 96.21 –0.56 .35
556.27 429.10 NorthropGrum NOC 1.6 15 454.05 –4.30 1.87 20.54 12.37 PebblebrookHotel PEB .3 dd 12.91 –0.33 .01 41.87 24.38 RegionalMgmt RM 4.0 9 29.72 –0.41 .30 55.41 38.59 SilganHoldings SLGN 1.6 15 45.75 –1.89 .18 138.24 104.76 TE Connectivity TEL 1.8 20 133.11 –2.54 .59
54.72 41.75 NorthwestNat NWN 4.6 15 42.04 –0.46 .485 23.95 12.84 PediatrixMedical MD ... 11 13.64 –0.23 ... 24.33 13.94 RegionsFinl RF 4.7 7 16.95 –1.17 .20 49.91 19.13 SilverBowRscs SBOW ... 1 25.45 –1.68 ... 22.29 15.09 Tegna TGNA 2.5 6 15.29 –0.72 .095
19.77 10.47 NorwegCruise NCLH ... dd 19.40 +0.27 ... 10.77 9.91 PegasusDigA PGSS ... 32 10.65 +0.02 ... 1.85 0.69 Regis RGS ... dd 1.04 –0.08 ... 10.11 9.95 SilverBoxIIIA SBXC ... ... 10.08 ... ... 23.68 18.85 Telus TU 5.7 25 19.22 –0.28.2676
6.99 3.00 NouveauMonde NMG ... dd 3.12 –0.15 ... 38.29 29.59 PembinaPipeline PBA 6.6 8 30.16 –1.07.4967 153.35 112.23 ReinsGrp RGA 2.3 10 139.41 –3.62 .80 10.82 4.37 Similarweb SMWB ... dd 6.33 –0.46 ... 31.52 14.33 TelusIntl TIXT ... 24 14.61 –0.83 ...
105.56 74.09 Novartis NVS 2.3 31 100.69 –1.143.4694 6.82 4.70 PennantPark PNNT14.2 dd 5.65 –0.20 .20 264.42 162.50 RelianceSteel RS 1.5 9 258.26 +2.19 1.00 133.08 86.02 SimonProperty SPG 6.9 16 107.74 –5.05 1.85 45.81 26.01 Ternium TX 6.8 4 40.00 –0.93 1.80
172.97 95.02 NovoNordisk NVO .8 42 159.07 –2.221.1887 73.79 41.77 PennyMacFin PFSI 1.2 11 67.68 –0.70 .20 223.80 124.18 RenaissanceRe RNR .8 dd 187.79 –4.04 .38 136.22 75.25 SimpsonMfg SSD .8 17 132.23 +2.12 .27 128.93 75.83 TFI Intl TFII 1.3 12 105.65 –0.60 .35
7.76 3.39 NuHoldings NU ... dd 7.56 +0.02 ... 15.78 10.78 PennyMacMtg PMT 12.5 dd 12.78 –0.51 .40 41.27 25.35 RentokilInit RTO 1.0 55 39.31 –1.34.3169 9.98 4.07 SiriusPoint SPNT ... dd 8.98 –0.72 ... 15.75 10.20 TIM TIMB 4.6 24 15.20 –0.27.0745
47.31 29.96 NuSkinEnts NUS 4.9 21 32.11 –1.41 .39 159.72 94.49 PenskeAuto PAG 1.5 9 158.48 +4.76 .66 149.30 120.58 RepublicSvcs RSG 1.4 31 146.53 +0.80 .495 165.32 97.36 SiteOneLandscape SITE ... 35 157.88 –0.91 ... 83.13 54.55 TJX TJX 1.6 25 82.06 +0.80.3325
182.68 100.13 Nucor NUE 1.3 6 153.79 +2.38 .51 61.76 38.55 Pentair PNR 1.5 20 60.12 –0.69 .22 23.94 14.95 ResideoTech REZI ... 10 17.21 –0.41 ... 33.65 19.31 SitioRoyalties STR 8.1 11 24.56 –2.16 .50 10.65 9.79 TLGAcqnOneA TLGA ... cc 10.58 –0.08 ...
15.85 7.23 NuScalePower SMR ... dd 7.27 –0.90 ... 344.81 118.65 Penumbra PEN ... cc 334.10 –3.27 ... 247.65 202.04 ResMed RMD .8 37 215.27 –3.77 .44 31.29 16.83 SixFlags SIX ... 21 26.37 –1.80 ... 11.03 5.14 TPG RE Fin TRTX12.8 dd 7.52 –0.26 .24
17.75 12.80 NuSTAREnergy NS 9.5 14 16.79 –0.46 .40 21.03 4.00 Perfect PERF ... dd 4.84 –0.16 ... 77.56 48.71 RestaurantBrands QSR 2.9 23 75.35 –1.08 .55 54.77 31.28 SkechersUSA SKX ... 19 50.78 –1.00 ... 25.00 20.25 TXO Partners TXO 9.2 5 21.78 +0.91 .50
102.73 52.23 Nutrien NTR 3.6 5 58.76 –1.31 .53 63.22 42.77 PerformanceFood PFGC ... 28 57.77 +1.46 ... 32.59 14.95 Revolve RVLV ... 23 15.42 –0.81 ... 7.65 4.10 SkeenaRscs SKE ... dd 4.71 –0.42 ... 110.69 59.43 TaiwanSemi TSM 1.4 16 101.91 –2.66.489
4.31 1.52 NuvationBio NUVB ... dd 1.76 ... ... 12.21 5.36 PerimeterSolns PRM ... 36 5.77 –0.37 ... 170.00 110.75 Revvity RVTY .2 15 115.97 –3.29 .07 4.93 1.03 Skillsoft SKIL ... dd 1.29 –0.05 ... 17.15 12.28 TakedaPharm TAK 3.6 21 15.92 –0.17.3012
48.85 29.19 nVentElectric NVT 1.5 19 48.19 +0.55 .175 27.77 14.06 PermianBasin PBT 5.2 19 22.58 –1.99.0524 36.31 26.05 RexAmerRscs REX ... 21 32.93 –0.89 ... 2.18 0.45 Skillz SKLZ ... dd .47 –0.23 ... 22.63 10.69 TalosEnergy TALO ... 2 13.34 –0.87 ...
12.05 5.08 PermianRscs PR 1.9 6 10.29 –0.21 .05 68.68 48.74 RexfordIndlRealty REXR 3.0 53 50.23 –3.49 .38 76.82 44.68 SkylineChamp SKY ... 9 62.56 +0.23 ... 22.37 13.26 Tanger SKT 4.8 26 20.48 –1.03 .245
O 4.33 2.02 PermianvilleRT PVL 17.7 5 2.47 +0.02.0125 11.10 9.93 RigelResourceA RRAC ... 33 10.69 –0.01 ... 5.92 2.03 SmartRent SMRT ... dd 3.35 +0.10 ... 47.48 27.53 Tapestry TPR 2.8 12 42.91 –0.46 .30
9.35 4.10 PermRock PRT 19.1 5 5.00 +0.15.0408 62.51 25.32 RingCentral RNG ... dd 32.07 –2.91 ... 52.81 25.09 Smartsheet SMAR ... dd 38.26 –3.75 ... 79.70 55.56 TargaResources TRGP 2.9 18 69.92 –1.87 .50
30.52 22.34 OFGBancorp OFG 3.5 7 25.47 –1.37 .22
43.90 30.78 Perrigo PRGO 3.3 dd 33.52 –0.88 .273 80.52 50.92 RioTinto RIO 7.7 8 63.50 –4.05 2.25 71.87 46.58 SmithAO AOS 1.7 45 69.49 –1.51 .30 183.89 125.08 Target TGT 3.3 22 131.83 –1.98 1.10
42.91 33.28 OGE Energy OGE 4.6 17 35.68 –1.12.4141
16.32 8.88 PetroleoBrasil PBR 40.2 3 14.09 +0.19.1706 6.73 3.43 Riskified RSKD ... dd 4.88 –0.08 ... 33.09 21.78 Smith&Nephew SNN 2.3 61 31.34 –0.82 .462 42.22 22.89 TaroPharm TARO ... 57 38.77 –1.87 ...
23.52 11.60 O-I Glass OI ... 5 20.16 –0.78 ...
14.93 7.86 PetroleoBrasilA PBR.A45.0 2 12.60 +0.231.1019 11.61 1.67 RiteAid RAD ... dd 1.90 +0.06 ... 163.07 125.55 Smucker SJM 2.7 dd 150.32 –2.78 1.02 48.10 22.38 TaylorMorrison TMHC ... 5 47.13 +0.33 ...
89.01 68.86 ONE Gas OGS 3.4 19 76.39 –1.86 .65 54.93 36.17 Pfizer PFE 4.3 8 38.30 –1.76 .41 11.04 6.86 RithmCapital RITM11.0 16 9.10 –0.20 .25 16.55 7.33 Snap SNAP ... dd 10.82 +0.14 ... 16.40 3.53 Team TISI ... 0 6.48 +0.05 ...
71.57 50.50 ONEOK OKE 6.6 11 57.69 –3.26 .955 105.62 82.85 PhilipMorris PM 5.3 17 96.30 +1.41 1.27 89.78 64.65 RobertHalf RHI 2.7 13 70.53 –2.89 .48 275.68 192.25 Snap-On SNA 2.4 16 273.62 –0.25 1.62 16.03 5.48 TechnipFMC FTI ... dd 14.77 +0.05 ...
12.40 6.87 ON24 ONTF .0 dd 8.51 –0.04 1.09 113.53 74.02 Phillips66 PSX 4.6 4 90.86 –6.27 1.05 53.88 25.32 Roblox RBLX ... dd 37.85 –3.95 ... 205.66 119.27 Snowflake SNOW ... dd 178.25 –5.93 ... 49.34 24.72 TeckResourcesB TECK .9 10 39.53 –2.43.094
17.66 11.15 Openlane KAR ... dd 15.10 –0.29 ... 5.80 2.00 PhoenixNewMedia FENG ... dd 2.05 –0.09 ... 11.38 5.97 RocketCos. RKT ... dd 8.61 –0.58 ... 115.72 60.21 SOQUIMICH SQM 8.2 5 69.65 –2.513.2237 49.72 16.47 Tecnoglass TGLS .7 13 48.28 +0.72 .09
77.13 55.51 OccidentalPetrol OXY 1.3 6 56.07 –2.08 .18 40.00 21.67 Phreesia PHR ... dd 30.37 –1.42 ... 321.94 192.90 Rockwell ROK 1.5 28 313.27 –2.53 1.18 8.19 3.08 SohoHouse SHCO ... dd 6.05 +0.55 ... 6.75 2.54 Teekay TK ... 5 5.99 –0.04 ...
22.26 7.25 OceaneeringIntl OII ... 35 17.13 –0.84 ... 18.30 13.28 PhysiciansRealty DOC 6.8 30 13.48 –0.98 .23 50.16 36.23 RogersComm B RCI 3.4 17 44.41 +0.44 .367 13.75 7.15 SolarisOilfield SOI 5.6 10 7.88 –0.40 .11 48.05 14.90 TeekayTankers TNK 2.6 3 37.79 –0.09 .25
37.17 22.50 OcwenFinancial OCN ... dd 28.72 –0.72 ... 13.95 5.99 PiedmontOfficeA PDM 12.6 10 6.65 –0.45 .21 271.12 98.45 Rogers ROG ... 31 157.21 –0.08 ... 11.67 7.51 SolarWinds SWI ... dd 9.92 –0.39 ... 20.65 14.31 TejonRanch TRC ... 34 16.97 –0.93 ...
48.90 5.63 Offerpad OPAD ... dd 9.99 +1.23 ... 84.59 59.03 PinnacleWest PNW 4.3 20 80.81 –2.44 .865 43.06 33.38 Rollins ROL 1.3 54 41.39 +0.30 .13 8.86 3.39 SoloBrands DTC ... dd 5.10 +0.07 ... 44.66 21.60 TeladocHealth TDOC ... dd 23.74 –1.16 ...
58.34 22.14 Oil-Dri ODC 2.2 16 53.95 –0.96 .29 29.27 16.77 Pinterest PINS ... dd 26.24 +0.88 ... 465.45 356.22 RoperTech ROP .6 42 460.81 +2.03.6825 2.95 0.86 Sonendo SONX ... dd 1.25 +0.17 ... 6.88 3.72 TelecomArgentina TEO 19.6 dd 6.34 +0.30.208
10.47 3.51 OilStatesIntl OIS ... cc 6.94 –0.02 ... 274.70 177.27 PioneerNatRscs PXD 11.7 7 198.66 –8.14 2.09 10.96 9.79 RossAcqnIIA ROSS ... 93 10.50 +0.08 ... 62.26 34.17 SonicAutomotive SAH 2.5 74 46.93 +2.12 .29 448.71 325.00 TeledyneTech TDY ... 25 399.09 –7.34 ...
26.72 20.27 OldRepublic ORI 4.0 12 24.22 –0.69 .245 162.20 102.60 PiperSandler PIPR 1.8 22 130.07 –7.60 .60 104.72 83.63 RoyalBkCanada RY 4.2 12 92.76 –2.69.9935 23.90 6.00 SonidaSrLiving SNDA ... dd 9.00 +0.55 ... 276.43 182.65 Teleflex TFX .6 31 237.30 –15.10 .34
64.70 41.33 Olin OLN 1.7 6 48.24 –4.12 .20 4.85 2.30 PitneyBowes PBI 6.1 71 3.29 –0.35 .05 98.35 31.09 RoyalCaribbean RCL ... dd 97.92 +2.62 ... 65.97 53.78 SonocoProducts SON 3.6 11 57.34 –3.31 .51 9.26 6.49 TelefonicaBras VIV 4.6 19 8.93 –0.06.0281
14.08 5.74 Olo OLO ... dd 6.50 –0.63 ... 85.91 54.15 PlanetFitness PLNT ... 53 65.70 –4.96 ... 10.50 0.25 RubiconTech RBT ... dd .38 –0.03 ... 100.94 61.72 Sony SONY .4 16 91.14 –6.43.2861 5.15 3.10 Telefonica TEF 6.0 14 3.92 +0.06.1646
33.71 25.61 OmegaHealthcare OHI 8.9 27 30.09 –0.97 .67 7.52 3.01 PlanetLabs PL ... dd 3.07 –0.29 ... 6.52 2.77 RushStreetInt RSI ... dd 3.01 –0.11 ... 80.57 60.71 Southern SO 4.0 23 70.45 –1.31 .70 31.95 23.03 TelekmIndonesia TLK 3.3 19 26.31 –0.401.1296
96.78 61.31 Omnicom OMC 3.0 14 93.18 –1.97 .70 8.40 4.21 PlayAGS AGS ... 48 5.38 +0.09 ... 46.40 32.13 RyanSpecialty RYAN ... 75 43.14 +0.17 ... 82.05 42.42 SoCopper SCCO 4.6 21 71.25 –3.19 1.00 17.42 6.44 Telephone&Data TDS 10.2 dd 7.28 –0.25 .185
34.88 15.44 OnHolding ONON ... cc 29.76 –0.17 ... 23.66 15.59 PlymouthIndREIT PLYM 4.1 dd 22.15 –1.11 .225 102.36 65.69 RyderSystem R 3.0 5 82.02 –0.24 .62 10.90 9.86 SouthportAcqnA PORT ... 17 10.44 –0.03 ... 44.28 20.50 TempurSealy TPX 1.2 16 37.66 –0.77 .11
28.32 19.35 OneLiberty OLP 8.9 11 20.29 –0.89 .45 123.87 91.86 Polaris PII 2.3 11 115.36 –5.92 .65 41.89 18.68 RyersonHolding RYI 1.9 5 38.76 +0.01 .18 41.76 28.40 SouthwestAir LUV 2.1 34 33.93 –0.32 .18 11.16 9.71 10XCapIII A VCXB ... 63 10.49 +0.02 ...
23.00 3.17 OneConnectFin OCFT ... dd 4.10 –1.70 ... 56.37 41.58 PortlandGenElec POR 4.1 17 46.05 –2.62 .475 98.60 71.63 RymanHospitality RHP 2.3 24 89.51 –3.97 1.00 89.97 53.79 SouthwestGas SWX 4.1 dd 60.92 –3.19 .62 38.00 22.24 Tenaris TS .0 5 28.05 –0.20 .68
46.99 28.77 OneMain OMF 9.6 7 41.67 –1.40 1.00 98.84 77.59 PostHoldings POST ... 14 85.09 –2.25 ...
S 8.39 4.57 SouthwesternEner SWN ... 1 5.50 –0.05 ... 9.29 3.14 TencentMusic TME ... 19 7.45 –0.58 ...
113.87 56.02 OntoInnovation ONTO ... 26 105.45 +0.95 ... 17.28 14.13 PostalRealty PSTL 6.6 cc 14.43 –0.37.2375 85.53 38.93 SpectrumBrands SPB 2.3 dd 74.53 –0.60 .42 85.40 36.69 TenetHealthcare THC ... 20 78.20 –0.23 ...
16.77 11.01 Ooma OOMA ... dd 14.57 +0.19 ... 26.05 11.65 PowerSchool PWSC ... dd 19.06 –0.25 ... 139.25 78.22 SAP SAP 1.2 74 133.47 –3.812.1864 32.30 18.00 SphereEnt SPHR ... dd 27.52 –1.77 ... 82.07 56.04 Tennant TNC 1.3 18 79.37 –1.77 .265
49.32 28.41 Oppenheimer A OPY 1.5 13 39.46 –0.59 .15 87.36 41.56 PrecisionDrilling PDS ... 10 45.81 –1.25 ... 402.92 279.32 S&P Global SPGI .9 46 390.36 –4.85 .90 1.71 0.35 SpireGlobal SPIR ... dd .46 –0.23 ... 52.20 28.65 Teradata TDC ... cc 51.31 –0.57 ...
3.70 1.70 OppFi OPFI ... dd 2.18 +0.03 ... 67.45 48.51 PrestigeCnsHlth PBH ... dd 57.21 –0.50 ... 10.51 9.73 SDCLEDGEAcqn SEDA ... 80 10.42 +0.01 ... 77.68 61.52 Spire SR 4.6 13 62.71 –0.78 .72 60.85 26.64 Terex TEX 1.1 11 55.78 –2.32 .15
127.54 60.78 Oracle ORCL 1.3 39 118.64 –6.82 .40 10.69 9.92 PrimeImpactI A PIAI ... cc 10.69 +0.05 ... 11.60 4.90 SeacorMarine SMHI ... dd 11.21 +0.79 ... 38.55 21.14 SpiritAeroSys SPR .1 dd 28.10 –2.82 .01 6.68 1.11 TerranOrbital LLAP ... dd 1.30 –0.05 ...
13.08 8.81 Orange ORAN 5.1 15 11.24 –0.04.3142 196.66 115.03 Primerica PRI 1.4 17 188.93 –5.08 .65 6.42 1.33 SES AI SES ... dd 1.99 +0.09 ... 25.68 14.41 SpiritAirlines SAVE .0 dd 16.18 –0.78 .10 67.03 50.36 TerrenoRealty TRNO 2.8 21 56.62 –2.43 .40
16.40 7.95 OrchidIsland ORC 19.3 dd 9.97 –0.30 .16 16.47 12.15 PrimoWater PRMW 2.5 48 12.57 –0.64 .08 11.51 8.43 SFL SFL 10.6 ... 9.08 –0.11 .24 44.93 34.31 SpiritRealtyCap SRC 6.9 17 38.18 –1.90 .663 5.06 2.43 TetraTech TTI ... 67 2.71 –0.15 ...
36.08 18.87 Organon OGN 5.5 7 20.24 –0.67 .28 30.50 15.90 PrimorisSvcs PRIM .8 11 28.57 –0.94 .06 7.49 2.80 SignaSports SSU ... dd 2.84 –0.21 ... 160.80 69.29 Spotify SPOT ... dd 157.49 –2.50 ... 11.45 6.78 TevaPharm TEVA ... dd 7.62 +0.08 ...
47.28 25.59 OriginBancorp OBK 2.0 9 29.65 –1.44 .15 24.50 11.87 ProAssurance PRA 1.4 dd 14.69 –0.07 .05 15.61 10.42 SITE Centers SITC 4.2 17 12.37 –0.99 .13 11.23 9.96 SpreeAcqn1 A SHAP ... 36 10.57 –0.04 ... 2739.00 1266.21 TexasPacLand TPL 1.0 23 1282.66 –75.94 3.25
3.35 2.10 OrionGroup ORN ... dd 2.42 –0.19 ... 68.68 41.80 ProcoreTech PCOR ... dd 63.08 –3.47 ... 83.88 57.51 SJW Group SJW 2.2 26 68.77 –3.10 .38 15.00 7.25 Sprinklr CXM ... dd 13.46 –1.12 ... 40.50 25.47 Textainer TGH 3.0 7 39.36 –0.85 .30
11.97 5.27 OrionOffice ONL 6.3 dd 6.36 –0.29 .10 158.11 122.18 Procter&Gamble PG 2.5 26 148.46 –1.08.9407 23.72 18.26 SK Telecom SKM ... 10 19.77 –0.64 ... 41.96 29.76 Sprott SII 3.1 44 31.78 –1.59 .25 76.11 57.96 Textron TXT .1 16 64.91 –1.73 .02
26.91 12.87 Orion OEC .4 11 21.05 –1.74.0207 149.87 109.42 Progressive PGR .3 94 132.77 +2.78 .10 51.69 19.06 SLGreenRealty SLG 13.8 dd 23.55 –3.03.2708 1.55 0.55 SprucePower SPRU ... dd .84 +0.03 ... 611.06 475.77 ThermoFisher TMO .3 34 524.21 –13.09 .35
91.98 68.78 Orix IX 2.9 10 89.07 –0.261.5303 138.86 98.03 Prologis PLD 3.0 36 116.90 –5.73 .87 48.55 24.66 SM Energy SM 1.0 3 29.09 +0.17 .15 34.38 16.86 Squarespace SQSP ... dd 28.90 –3.86 ... 27.85 13.26 Thermon THR ... 26 25.51 +0.56 ...
101.81 70.29 OrmatTech ORA .6 60 81.58 –3.85 .12 5.94 4.03 PropertyGuru PGRU ... dd 4.60 +0.07 ... 10.80 2.54 SOS SOS ... dd 4.05 +0.02 ... 48.03 31.11 St.Joe JOE .9 38 44.51 –0.98 .10 138.55 101.24 ThomsonReuters TRI 1.5 55 133.60 –1.04 4.67
9.89 2.05 OscarHealth OSCR ... dd 8.52 –0.33 ... 12.58 6.33 ProPetro PUMP ... 52 7.55 –0.32 ... 85.61 49.67 SPX Tech SPXC ... 84 81.88 –1.61 ... 48.24 31.61 StandardMotor SMP 3.2 12 36.09 –0.86 .29 105.36 67.09 ThorIndustries THO 1.9 9 94.36 –1.11 .45
106.66 69.30 Oshkosh OSK 2.0 21 80.83 –2.78 .41 78.76 55.12 ProsperityBcshs PB 4.0 10 55.49 –3.90 .55 3.73 0.40 SQZ Biotech SQZ ... dd .40 –0.16 ... 147.40 79.02 StandexIntl SXI .8 12 135.54 –1.93 .28 13.52 7.02 3D Systems DDD ... dd 8.93 –0.51 ...
10.30 9.63 OsirisAcqn OSI ... dd 10.05 +0.04 ... 53.00 22.04 ProtoLabs PRLB ... dd 33.33 –1.32 ... 37.15 26.56 STAG Indl STAG 4.3 35 34.28 –2.31.1225 118.37 70.24 StanleyBlackDck SWK 3.6 19 87.81 –3.09 .80 152.30 92.38 3M MMM 6.0 10 100.72 –3.82 1.50
7.67 3.84 OsiskoDevelopment ODV ... dd 4.42 –0.05 ... 25.61 14.54 ProvidentFinSvcs PFS 5.8 7 16.51 –1.43 .24 91.10 54.29 SabineRoyalty SBR 13.6 7 63.92 –5.00.3259 64.23 42.61 Stantec STN .9 35 62.86 –0.87.1459 51.88 17.51 Tidewater TDW ... dd 46.72 +3.21 ...
17.96 9.20 OsiskoGold OR 1.2 88 15.06 –0.57.0405 110.96 75.37 PrudentialFinl PRU 6.0 cc 83.89 –3.14 1.25 4.11 2.35 SafeBulkers SB 6.2 3 3.25 –0.10 .05 12.60 6.65 Starrett A SCX ... 4 10.07 –0.19 ... 10.35 6.05 Tilly's TLYS ... dd 6.75 –0.01 ...
89.30 62.49 OtisWorldwide OTIS 1.6 29 86.37 –2.25 .34 34.37 18.20 Prudential PUK ... 36 27.55 –1.34 ... 49.11 22.00 Safehold SAFE14.0 dd 22.32 –1.53 .177 4.53 2.60 Startek SRT ... dd 2.96 +0.01 ... 89.40 50.85 Timken TKR 1.6 15 84.91 –0.10 .33
20.85 3.21 Ouster OUST ... dd 5.42 –0.05 ... 69.94 52.51 PublicServiceEnt PEG 3.7 13 61.50 –1.04 .57 225.00 126.34 Salesforce CRM ... cc 210.09 –1.67 ... 24.44 16.06 StarwoodProp STWD10.4 10 18.43 –0.99 .48 20.95 14.09 TimkenSteel TMST ... 29 19.48 +0.27 ...
21.65 13.82 OutfrontMedia OUT 8.4 22 14.23 –1.54 .30 357.13 270.13 PublicStorage PSA 4.2 12 283.58 –3.523.00 18.42 10.80 SallyBeauty SBH ... 8 11.92 –0.46 ... 94.74 58.62 StateStreet STT 3.5 10 71.07 –2.70 .63 17.29 9.23 TItanIntl TWI ... 4 11.23 –0.31 ...
4.51 1.90 OverseasShip OSG ... 9 3.96 +0.11 ... 76.52 35.99 PulteGroup PHM .8 7 76.27 +2.76 .16 30.91 8.42 Samsara IOT ... dd 26.11 –2.79 ... 47.62 38.00 SteelPartners SPLP ... 5 43.50 –0.04 ... 26.04 12.15 Toast TOST ... dd 21.54 –0.17 ...
59.11 32.07 Ovintiv OVV 3.4 2 34.97 –2.93 .30 38.36 22.14 PureStorage PSTG ... cc 35.85 –1.89 ... 15.43 6.64 SanJuanBasin SJT 31.1 3 6.91 –1.51 .017 12.38 6.20 Steelcase SCS 5.5 18 7.30 –0.06 .10 76.55 39.53 Toll Bros TOL 1.1 6 76.10 +2.61 .21
37.03 11.79 Owens&Minor OMI ... dd 18.64 –0.70 ... 10.85 9.98 PyrophyteAcqn PHYT ... 25 10.67 +0.05 ... 22.95 12.62 SandRidgeEnergy SD .0 2 13.51 –0.652.00 18.97 11.37 Stellantis STLA ... 3 16.46 –0.88 ... 46.11 32.04 TootsieRoll TR 1.0 33 36.91 –1.22 .09
126.00 73.27 OwensCorning OC 1.7 9 124.06 +1.90 .52 49.99 18.91 Q2Holdings QTWO ... dd 29.57 –0.22 ... 6.72 4.51 SandstormGold SAND 1.2 13 4.96 –0.34 .015 36.09 20.24 StellarBancorp STEL 2.3 13 22.69 –2.21 .13 252.89 140.66 TopBuild BLD ... 14 250.87 +7.59 ...
13.88 10.18 OwlRock ORCC10.0 8 13.25 –0.53 .33 51.18 40.38 Qiagen QGEN ... 30 45.26 –1.50 ... 28.87 20.16 SaratogaInvt SAR 10.1 12 25.85 –0.83 .70 18.02 3.72 Stem STEM ... dd 5.13 –0.82 ... 25.96 16.13 TopgolfCallaway MODG ... 43 19.20 –0.26 ...
2.69 0.18 Owlet OWLT ... dd .34 +0.09 ... 5.39 2.12 QuadGraphics QUAD ... dd 3.63 ... ... 24.01 11.56 Sasol SSL 8.0 3 12.46 –1.85.3871 116.72 87.11 Stepan SCL 1.6 18 92.17 –4.53 .365 117.66 74.67 Toro TTC 1.4 20 97.41 –0.02 .34
123.37 82.47 OxfordIndustries OXM 2.8 9 93.37 –5.64 .65 216.45 129.06 QuakerHoughton KWR .9 dd 187.67 –4.51 .435 52.94 32.13 SaulCenters BFS 6.6 22 35.60 –1.93 .59 227.36 159.21 Steris STE .9 cc 210.81 –2.80 .47 70.67 55.43 TorontoDomBk TD 4.7 10 59.13 –2.03.7065
27.32 18.00 QuanexBldg NX 1.3 11 25.27 –1.02 .08 33.56 13.71 Stevanato STVN .2 57 32.08 –0.29.0578
PQ 59.45 30.65 Schlumberger SLB 2.1 17 46.59 –1.19 .25 8.29 2.05 Torrid CURV ... 7 2.66 –0.27 ...
191.84 117.53 QuantaServices PWR .2 55 186.61 +0.66 .08 30.93 20.26 SchneiderNatl SNDR 1.3 10 27.13 +0.08 .09 55.81 35.96 StewartInfo STC 4.4 12 41.19 –2.04 .45 10.40 9.66 TortoiseEcoIII A TRTL ... 34 10.35 +0.02 ...
49.00 24.63 PBF Energy PBF 2.0 2 39.67 –0.98 .20 10.95 9.83 QuantumFin QFTA ... 26 10.34 –0.05 ... 86.63 45.00 SchwabC SCHW 1.9 15 53.17 –1.23 .25 68.77 49.31 StifelFinancial SF 2.5 11 57.16 –2.41 .36 65.05 44.61 TotalEnergies TTE ... 7 56.66 –1.38 ...
17.68 9.66 PG&E PCG ... 19 16.89 –0.51 ... 13.86 5.11 QuantumScape QS ... dd 6.84 –0.78 ... 117.94 87.93 ScienceApplicat SAIC 1.4 18 107.40 –1.52 .37 53.53 28.35 STMicroelec STM .4 9 46.47 –3.52 .06 12.55 7.05 TownsquareMedia TSQ 6.6 27 11.30 +0.15.1875
29.16 15.94 PGT Innovations PGTI ... 16 28.06 +0.26 ... 2.18 0.69 Qudian QD ... 15 1.93 +0.02 ... 64.20 28.50 ScorpioTankers STNG 2.3 3 44.06 –2.04 .25 25.87 14.18 Stoneridge SRI ... dd 17.15 –0.62 ... 169.07 130.07 ToyotaMotor TM 2.5 12 153.38 –10.972.4959
4.39 2.33 PHX Minerals PHX 3.0 5 2.98 –0.44.0225 158.34 120.40 QuestDiag DGX 2.0 21 141.49 +2.89 .71 90.01 39.06 ScottsMiracleGro SMG 4.6 dd 57.40 –4.97 .66 47.35 30.66 Stride LRN ... 14 37.54 –2.26 ... 5.45 2.48 Traeger COOK ... dd 4.13 +0.03 ...
83.17 59.61 PJT Partners PJT 1.4 22 70.48 –1.28 .25 4.25 1.68 QuotientTech QUOT ... dd 3.88 +0.53 ... 9.83 6.11 ScullyRoyalty SRL 10.7 dd 7.36 +0.73 .17 306.56 188.84 Stryker SYK 1.0 43 297.88 +3.53 .75 10.78 9.80 TrajectoryAlphaA TCOA ... cc 10.33 +0.03 ...
32.42 20.20 PLDT PHI 5.0 25 23.56 +0.82.2567 R 11.40 7.90 SculptorCapMgmt SCU 4.6 dd 8.63 –0.47 .06 9.57 1.52 StudioCity MSC ... dd 7.05 +0.61 ... 196.22 125.26 TraneTech TT 1.6 24 186.16 –0.90 .75
176.34 110.31 PNC Finl PNC 4.9 8 123.03 –5.44 1.50 93.70 40.67 Sea SE ... dd 58.91 –3.17 ... 67.24 49.50 SturmRuger RGR 3.1 13 52.38 +0.71 .32 11.85 7.55 Transalta TAC 1.7 31 9.29 –0.45.0405
49.60 44.35 PNM Resources PNM 3.3 19 44.98 –1.18.3675 264.94 173.55 RBC Bearings RBC ... 42 209.04 –0.01 ... 16.18 10.03 SeabridgeGold SA ... dd 12.05 –0.50 ... 17.06 14.44 SuburbanPropane SPH 8.8 10 14.82 –0.07 .325 47.76 34.96 TrancntlRlty TCI ... 1 36.93 –1.05 ...
80.03 36.53 POSCO PKX 2.2 12 74.61 –1.37.4722 72.73 48.72 RB Global RBA 1.9 56 55.40 –1.69 .27 45.48 22.00 SeaDrill SDRL ... 8 38.00 –0.62 ... 9.18 5.39 SumitomoMits SMFG 3.3 10 8.24 –0.02.1407 858.67 499.63 TransDigm TDG .0 51 850.26 +34.3718.50
145.51 107.40 PPG Ind PPG 1.8 26 138.89 –4.19 .62 10.79 9.93 RCF Acqn A RCFA ... 30 10.70 +0.05 ... 62.14 37.34 SealedAir SEE 2.1 14 38.06 –2.37 .20 9.09 6.03 SummitHotelProp INN 3.9 dd 6.08 –0.41 .06 7.74 2.32 Transocean RIG ... dd 5.99 –0.24 ...
31.74 23.47 PPL PPL 3.6 27 26.38 –0.61 .24 34.07 23.39 RELX RELX 2.0 32 33.01 –1.03.4661 68.19 40.01 SeaWorldEnt SEAS ... 14 55.50 –3.12 ... 34.98 21.62 SummitMaterials SUM ... 15 34.95 +1.06 ... 14.06 4.58 TransportadGas TGS ... 14 13.19 –0.13 ...
35.11 12.11 ProgHoldings PRG ... 13 31.76 –1.34 ... 28.25 16.78 RE/MAX RMAX 5.2 cc 17.85 –0.53 .23 32.31 18.86 SelectMedical SEM 1.7 21 29.45 +0.24 .125 21.49 11.52 SummitMidstream SMLP ... dd 15.75 –1.49 ... 90.08 50.32 TransUnion TRU .6 54 74.22 –1.25 .105
11.26 9.88 ProofAcqnIA PACI ... 90 10.53 +0.02 ... 16.38 9.85 REV REVG 1.6 41 12.87 –0.10 .05 9.84 5.52 SelectWater WTTR 2.7 14 7.46 –0.57 .05 172.67 117.63 SunComms SUI 3.0 73 125.13 –9.74 .93 48.12 33.57 Travel+Leisure TNL 4.7 9 38.40 –2.79 .45
31.44 18.09 PROS PRO ... dd 28.56 –0.51 ... 351.53 207.37 RH RH ... 20 290.89 +8.29 ... 3.24 0.51 SelectQuote SLQT ... dd 1.71 –0.02 ... 51.63 37.96 SunLifeFinancial SLF 4.4 13 50.34 –0.57.5543 194.51 149.65 Travelers TRV 2.3 15 173.72 –3.03 1.00
13.78 8.75 P10 PX 1.2 60 10.90 –0.59.0325 149.65 100.96 RLI RLI .8 9 131.32 –0.90 .27 176.47 136.54 Sempra SRE 3.3 19 143.75 –4.45 1.19 10.43 5.72 SunCokeEnergy SXC 4.1 8 7.83 +0.06 .08 12.51 5.85 Tredegar TG 7.8 20 6.63 +0.63 .13
94.51 43.49 PVH PVH .2 26 80.85 –3.49.0375 13.49 9.27 RLJ Lodging RLJ 3.3 38 9.75 –0.37 .08 15.00 7.16 Semrush SEMR ... dd 8.58 –0.18 ... 37.45 26.43 SuncorEnergy SU 5.4 6 28.43 –1.71 .385 55.30 39.51 TreeHouseFoods THS ... cc 51.86 –0.40 ...
146.26 110.56 PackagingCpAm PKG 3.9 12 128.82 –3.60 1.25 3.06 0.90 RLX Tech RLX ... 22 1.73 –0.21 ... 20.98 10.44 SendasDistrib ASAI 1.3 19 15.00 +1.02.0358 15.40 2.97 SunlandsTech STG .0 1 3.64 +0.21 .63 66.65 38.68 Trex TREX ... 44 60.59 +2.16 ...
35.33 19.51 PagerDuty PD ... dd 21.39 –1.01 ... 11.40 5.70 RPC RES 1.7 6 7.01 –0.35 .04 54.34 36.64 SensataTech ST 1.1 18 43.12 –2.22 .12 4.73 0.25 SunlightFinl SUNL ... dd .33 –0.04 ... 33.56 14.59 TriPointe TPH ... 6 31.85 +0.12 ...
19.49 7.51 PagSeguroDig PAGS ... 11 10.08 –0.13 ... 106.50 77.36 RPM RPM 2.0 20 82.17 –3.05 .42 89.34 63.17 SensientTech SXT 2.4 21 69.56 –5.03 .41 31.47 12.46 SunnovaEnergy NOVA ... dd 18.20 –0.56 ... 12.19 7.19 TriconRes TCN 2.8 4 8.40 –0.43 .058
17.16 5.92 PalantirTech PLTR ... dd 14.03 –2.27 ... 11.39 7.28 RPT Realty RPT 5.9 12 9.48 –0.74 .14 30.00 12.43 SentinelOne S ... dd 15.45 –0.64 ... 48.59 34.62 Sunoco SUN 7.8 11 43.22 –1.76.842 111.85 60.61 TriNet TNET ... 17 94.35 –3.68 ...
44.04 18.71 PampaEnergia PAM ... 6 42.04 +1.13 ... 25.50 14.75 RXO RXO ... 46 21.06 –1.29 ... 4.17 1.86 SequansComms SQNS ... ... 2.16 –0.12 ... 12.33 8.60 SunstoneHotel SHO 2.1 25 9.62 –0.41 .05 31.68 20.07 TrinityIndustries TRN 4.4 28 23.49 –0.40 .26
21.58 13.40 PanAmerSilver PAAS 2.8 dd 14.44 –0.93 .10 26.74 17.84 RadianGroup RDN 3.6 6 25.03 –0.10 .225 14.52 4.90 SeritageGrowth SRG ... dd 8.24 –0.19 ... 5.67 2.57 SuperGroup SGHC ... ... 3.82 +0.07 ... 43.99 11.79 Trinseo TSE .3 dd 12.26 –3.00 .01
30.49 13.72 ParPacific PARR ... 2 24.45 +0.27 ... 2.74 1.55 Rafael RFL ... dd 2.13 –0.06 ... 75.11 56.85 ServiceCorp SCI 1.7 20 63.57 –2.64 .27 7.38 2.88 SuperiorIndsIntl SUP ... dd 3.62 +0.09 ... 17.33 10.36 TripleFlagPrecMtl TFPM 1.5 40 13.35 –0.30 .05
June 26, 2023 BARRON’S 49

D ATA NYSE NASDAQ ISSUES 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.

Five-Day Nasdaq Composite

14.90 9.41 TriplePtVent TPVG14.2 dd 11.25 –0.35 .40 28.10 16.73 Vishay VSH 1.4 9 27.78 ... .10 A
10.84 9.76 TristarAcqnI TRIS ... 28 10.48 ... ... 45.69 27.03 VishayPrecision VPG ... 14 36.37 –1.49 ...
104.32 51.34 AAON AAON .5 44 95.34 –0.46 .12
83.82 49.78 TritonIntl TRTN 3.4 8 83.00 –0.16 .70 25.31 5.91 VistaEnergy VIST ... 6 23.33 –0.63 ...
26.04 13.73 AcadiaPharm ACAD ... dd 24.51 +0.44 ...
16.87 7.84 TriumphGroup TGI ... 9 12.21 +0.06 ... 32.60 22.97 VistaOutdoor VSTO ... dd 27.03 –0.70 ...
25.84 16.60 ACELYRIN SLRN ... ... 17.65 –2.02 ...
17.61 10.58 Tronox TROX 4.2 4 11.99 –0.88 .125 27.29 20.76 Vistra VST 3.3 dd 25.10 +0.04.204 29.35 19.68 ACI Worldwide ACIW ... 26 21.65 –1.26 ... Big Money: Crypto stocks jumped, as Wall Street biggies like Schwab
22.75 14.20 TrueBlue TBI ... 12 17.69 –0.12 ... 90.45 39.74 VitalEnergy VTLE ... 1 41.90 –1.02 ... 3.90 1.68 AC Immune ACIU ... dd 1.90 –0.10 ...
52.22 25.56 TruistFinl TFC 6.9 7 30.00 –1.90 .52 27.39 13.90 VitesseEnergy VTS 9.5 ... 21.01 –2.88 .50 20.24 5.46 ACM Research ACMR ... 15 11.77 +0.13 ... and Citadel Securities announced a crypto exchange. The Nasdaq Com-
24.78 8.40 TsakosEnergy TNP 3.4 2 17.56 –1.10 .30 143.91 103.55 VMware VMW ... 46 137.83 –3.53 ... 18.59 6.10 ACV Auctions ACVA ... dd 17.17 –0.55 ...
12.86 0.66 Tupperware TUP ... dd .79 –0.12 ... 31.96 16.55 Vontier VNT .3 21 30.62 –0.91 .025 4.30 1.90 ADMA Biologics ADMA ... dd 3.87 –0.06 ...
posite Index ended Friday at 13,493—down 1.4% for the four-day week.
5.44 2.33 TurkcellIletism TKC 3.4 4 3.62 –0.26.0826 30.90 12.31 VornadoRealty VNO 10.3 dd 14.53 –1.23 .375 25.47 7.90 Adtran ADTN 3.6 dd 9.99 –0.75 .09
30.84 18.81 TurningPoint TPB 1.1 60 22.96 +0.28 .065 78.11 56.20 VoyaFinancial VOYA 1.1 15 69.59 –2.32 .20 18.00 0.39 AerwinsTech AWIN ... 1 .40 –0.03 ... Monday Tuesday Wednesday Thursday Friday
9.60 4.90 TutorPerini TPC ... dd 6.60 +0.01 ... 214.94 137.54 VulcanMatls VMC .8 47 214.43 +7.12 .43 19.00 9.91 AFC Gamma AFCG16.9 7 12.81 –0.25 .48
3.12 0.77 Tuya TUYA ... dd 1.79 –0.29 ... 12.89 7.30 AGNC Invt AGNC14.5 dd 9.94 –0.27 .12 (Previous Friday Close)
13,700
W
11.15 9.93 AIBAcqnA AIB ... cc 10.88 +0.05 ...
101.93
11.00
41.00
9.79
Twilio
TwinRidgeCapA
TWLO ...
TRCA ...
dd
cc
64.03
10.64
–3.62 ...
+0.04 ... 9.16 3.57 W&T Offshore WTI ... 2 3.69 –0.37 ... 11.57 9.95 ALSPOrchidI A ALOR ... cc 10.58 +0.03 ... H
15.39 4.23 AlxOncology ALXO ... dd 7.75 –1.68 ...
11.00
21.84
9.76
11.57
twoA
TwoHarbors
TWOA ...
TWO17.7
88
dd
10.25
13.17
+0.05 ...
–0.88 .45
108.20 80.82 WEC Energy WEC 3.5 21 87.90 –3.53 .78
33.35 10.30 AMC Networks AMCX ... cc 10.63 –0.86 ... O 13,625
204.06 125.00 WEX WEX ... 52 172.22 –4.31 ...
425.81 281.11 TylerTech TYL ... cc 396.93 +3.13 ... 94.96 67.45 WNS WNS ... 25 67.59 –4.04 ...
60.49
40.93
44.72
23.71
Amerisafe
A-MarkPrecMet
AMSF 2.6
AMRK 2.2
18
6
52.19
36.04
–1.06 .34
+0.06 .20 L
88.76 47.11 TysonFoods TSN 3.9 12 49.50 –0.89 .48 89.63 66.10 W.P.Carey WPC 6.5 19 66.29 –4.051.069
U 64.07 39.67 WPP WPP 4.3 14 53.52 –2.79.9052
52.80
339.55
26.99
194.23
ANI Pham
Ansys
ANIP ...
ANSS ...
dd
50
51.73
319.54
+0.38 ...
–14.83 ...
I 13,550
30.10 12.97 WabashNational WNC 1.2 9 26.56 –0.26 .08
22.30 13.80 UBS Group UBS 2.8 10 19.76 –0.65 .55 107.86 78.26 Wabtec WAB .7 28 102.32 –1.32 .17
22.49
50.58
4.87
30.15
AN2 Therap
APA
ANTX ...
APA 3.1
dd
5
7.45
32.58
+0.45 ...
–1.80 .25
D
50.65
43.75
37.18
26.44
UDR
UGI
UDR 4.2
UGI 5.5
cc
dd
40.23
26.45
–3.19 .42
–1.35 .375
115.19
11.25
61.06
2.44
Walker&Dunlop
Wallbox
WD 3.4
WBX ...
15
...
74.20
2.86
–5.35 .63
–0.33 ...
22.45
9.65
15.50
3.68
ARKRestaurants
ARS Pharm
ARKR 4.1
SPRY ... dd
9 18.50
6.28
–0.25.1875
+0.06 ...
A 13,475
70.57 46.00 U-Haul UHAL .0 1 53.11 –0.95 .05 158.23
18.99
119.89
9.50
Walmart
WarbyParker
WMT 1.5
WRBY ...
37
dd
155.46
11.19
–0.07 .57
–0.50 ...
747.13
10.58
363.15
9.82
ASML
A SPAC II
ASML .7
ASCB ...
39
60
697.89
10.53
–23.991.8386
... ...
Y -22.28 -165.09 +128.41 -138.09
68.29 43.62 U-Haul N UHAL.B .3 ... 46.74 –2.53 .04
21.46 13.73 UMH Prop UMH 5.4 dd 15.26 –1.03 .205 42.95 26.11 WarriorMetCoal HCC .8 3 36.70 +0.81 .07 14.27 3.55 AST Space ASTS ... dd 6.85 +0.93 ... 13,400
61.10 44.67 Unitil UTL 3.2 19 51.21 –2.35.405 148.20 121.20 WasteConnections WCN .7 41 136.10 –1.44 .255 2.64 1.04 ATA Creativity AACG ... dd 1.36 –0.05 ... 10 12 2 4 10 12 2 4 10 12 2 4 10 12 2 4 10 12 2 4
21.95 15.40 USA Compression USAC10.8 dd 19.38 –0.50 .525 175.98 147.55 WasteMgt WM 1.7 30 165.59 +0.56 .70 4.96 1.14 ATAI Life ATAI ... dd 1.55 –0.28 ...
76.58 48.61 UsanaHealth USNA ... 18 61.03 –0.12 ... 3.36 0.97 Waterdrop WDH ... 12 2.43 –0.12 ... 50.45 34.74 ATN Intl ATNI 2.3 dd 36.13 –3.47 .21
369.00 248.18 Waters WAT ... 23 259.84 –9.36 ... 1.93 0.56 AVROBIO AVRO ... dd .92 –0.23 ... 52-Week Tick Div 52-Week Tick Div
32.41 13.79 US Cellular USM ... dd 16.11 –0.06 ... High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt.
370.06 228.61 Watsco WSO 2.7 24 365.27 –1.31 2.45 9.94 2.47 AXT AXTI ... 15 3.28 –0.31 ...
42.49 25.49 US Foods USFD ... 31 41.94 +0.29 ... 242.97 135.46 AlnylamPharm ALNY ... dd 192.69 –8.88 ... 48.92 15.63 Arcellx ACLX ... dd 33.28 –2.52 ...
378.66 232.59 Watsco B WSO.B 2.7 24 364.81 –2.29 2.45 23.25 12.48 Abcam ABCM ... dd 22.97 +0.66 ...
131.50 73.30 US PhysTherapy USPH 1.5 53 113.66 –1.41 .43 14.97 5.53 AbCelleraBio ABCL ... dd 7.31 –0.27 ... 45.89 20.64 Alpha&Omega AOSL ... 32 29.91 +0.58 ... 78.30 41.05 ArchCapital ACGL ... 14 72.41 +1.25 ...
15.83 9.47 US Silica SLCA ... 7 11.58 –0.87 ... 181.40 118.48 WattsWater WTS .8 22 175.12 –4.03 .36
7.04 1.13 Absci ABSI ... dd 1.77 +0.02 ... 10.72 9.93 AlphaStarAcqn ALSA ... 65 10.70 ... ... 81.80 1.24 Arcimoto FUV ... dd 1.44 –0.20 ...
6.14 1.34 US Xpress USX ... dd 6.14 +0.01 ... 10.70 9.65 WaverleyCap1 A WAVC ... 66 10.34 +0.01 ...
12.59 7.39 AbsoluteSftwr ABST 2.1 dd 11.36 ....0597 0.21 0.05 AlphaStarRt ALSAR ... ... .08 –0.01 ... 17.54 7.85 ArcoPlatform ARCE ... cc 12.25 –0.18 ...
6.35 2.84 UWM UWMC 7.0 67 5.69 –0.03 .10 76.35 28.11 Wayfair W ... dd 57.34 +2.06 ...
5.30 3.43 AcaciaResearch ACTG ... dd 4.14 –0.40 ... 10.91 1.62 AlphaTeknova TKNO ... dd 3.01 –0.80 ... 33.80 13.02 ArcturusTherap ARCT ... 6 23.94 –2.25 ...
43.87 19.90 Uber UBER ... dd 43.34 –0.18 ... 9.13 2.91 WeaveComms WEAV ... dd 9.13 +0.91 ...
69.02 33.82 AcademySports ASO .7 7 49.76 +1.18 .09 129.04 83.34 Alphabet A GOOGL ... 27 122.34 –1.19 ... 27.40 7.25 ArcutisBiotherap ARQT ... dd 8.78 –0.81 ...
350.63 160.49 Ubiquiti UI 1.4 26 171.05 –15.25 .60 56.46 31.03 WebsterFin WBS 4.4 7 36.51 –2.27 .40 129.55 83.45 Alphabet C GOOG ... 27 123.02 –1.04 ... 5.13 0.56 Ardelyx ARDX ... dd 3.60 –0.13 ...
89.85 66.87 AcadiaHealthcare ACHC ... 25 75.73 +2.58 ...
22.30 10.40 UiPath PATH ... dd 15.73 –2.37 ... 95.57 58.75 WeisMarkets WMK 2.1 15 64.63 –2.14 .34 17.13 5.73 Alphatec ATEC ... dd 16.25 +0.90 ... 20.75 16.53 AresCapital ARCC10.7 14 18.02 –0.66 .48
17.01 6.83 Accolade ACCD ... dd 12.66 –0.96 ...
3.83 2.13 UltraparPart UGP ... 13 3.75 +0.13 ... 48.84 35.25 WellsFargo WFC 3.0 12 40.61 –1.57 .30 10.91 9.83 AccretionAcqn ENER ... 91 10.38 +0.02 ... 11.48 10.05 AlphaTimeAcqn ATMC ... cc 10.38 +0.01 ... 423.99 333.07 argenx ARGX ... dd 396.39 –3.55 ...
13.05 6.38 UnderArmour A UAA ... 8 7.14 –0.69 ... 86.83 56.50 Welltower WELL 3.2 cc 76.28 –4.13 .61 0.29 0.01 AccretionAcqnRt ENERR ... ... .14 +0.03 ... 0.25 0.06 AlphaTimeRt ATMCR ... ... .13 –0.03 ... 6.95 0.36 ArgoBlockchain ARBK ... dd 1.61 +0.58 ...
11.42 5.74 UnderArmour C UA ... 8 6.56 –0.64 ... 175.00 99.00 WescoIntl WCC .9 11 167.90 –0.15 .375 4.03 1.81 Accuray ARAY ... dd 3.65 –0.22 ... 10.72 10.10 AlphaVestAcqn ATMV ... cc 10.35 +0.03 ... 15.27 4.23 Arhaus ARHS ... 8 9.24 +0.32 ...
14.79 6.33 Unifi UFI ... dd 7.53 +0.03 ... 102.96 67.41 WestFraserTimber WFG 1.5 10 81.13 +1.58 .30 7.60 0.55 AcelRxPharm ACRX ... 0 1.10 –0.08 ... 0.57 0.11 AlphaVestAcqnRt ATMVR ... ... .12 ... ... 11.53 9.87 AriszAcqnA ARIZ ... cc 10.53 –0.07 ...
205.59 158.40 Unifirst UNF .7 30 165.73 –7.95 .31 376.72 206.19 WestPharmSvcs WST .2 50 367.00 +4.96 .19 10.79 9.95 AchariVenturesI AVHI ... dd 10.75 +0.01 ... 12.04 4.82 AlpineImmune ALPN ... dd 11.16 –0.12 ... 0.21 0.01 AriszAcqnRt ARIZR ... ... .10 –0.01 ...
55.99 42.44 Unilever UL 3.5 17 51.76 –0.17.4702 86.87 7.46 WestAllianceBcp WAL 4.1 4 35.06 –2.36 .36 3.45 0.75 AchillesTherap ACHL ... dd .96 –0.02 ... 6.70 0.52 AlpineSummit ALPS57.3 1 .64 –0.02.0315 12.20 8.56 ArmadaAcqnI AACI ... dd 10.25 +0.05 ...
15.84 7.00 WstAstMtgCap WMC15.6 dd 8.98 –0.35 .35 18.96 5.77 AclarisTherap ACRS ... dd 10.25 +0.03 ... 10.90 9.83 AlsetCapAcqnA ACAX ... cc 10.90 +0.50 ... 10.61 9.91 ArogoCapA AOGO ... 51 10.54 +0.03 ...
242.36 183.69 UnionPacific UNP 2.6 18 199.89 –4.78 1.30
29.18 22.51 WesternMidstrm WES 7.6 10 26.41 –0.74 .50 24.80 5.22 AcordaTherap ACOR ... dd 12.58 –0.33 ... 0.44 0.06 AlsetCapAcqnRt ACAXR ... ... .21 ... ... 24.99 9.24 ArrayTech ARRY ... cc 20.83 –0.38 ...
14.62 3.05 Unisys UIS ... dd 4.05 –0.30 ...
17.42 10.07 WesternUnion WU 8.3 6 11.35 –0.20 .235 10.93 9.97 AcriCapitalA ACAC ... cc 10.81 +0.01 ... 78.49 43.17 AltairEngg ALTR ... dd 71.73 –2.71 ... 96.00 1.62 Arrival ARVL ... ... 2.14 –0.27 ...
8.97 5.36 UnitedMicro UMC 5.4 8 8.46 –0.29 .586
126.32 81.29 Westlake WLK 1.3 8 112.80 –1.90 .357 25.47 8.06 AcrivonTherap ACRV ... dd 13.65 +1.15 ... 10.80 9.93 AltEnergyA AEAE ... 45 10.33 +0.05 ... 36.51 17.63 ArrowFinancial AROW 5.1 7 21.17 –0.14 .27
48.26 19.62 UnitedNatFoods UNFI ... 9 20.24 –0.70 ...
43.37 26.84 WestRock WRK 4.0 dd 27.23 –2.25 .275 87.01 70.94 ActivisionBliz ATVI ... 35 81.90 –0.07 ... 23.49 3.82 Altimmune ALT ... dd 3.91 –0.09 ... 48.48 23.09 ArrowheadPharm ARWR ... dd 35.24 –0.16 ...
209.39 154.87 UPS B UPS 3.8 14 169.29 –9.29 1.62 17.67 3.52 AltisourcePortf ASPS ... dd 5.50 –0.37 ...
15.56 9.45 Westwood WHG 4.8 dd 12.56 –0.69 .15 10.97 3.44 AcumenPharm ABOS ... dd 5.42 –0.42 ... 11.50 9.90 ArtemisStratInvt ARTE ... 36 10.44 –0.04 ...
481.99 235.39 UnitedRentals URI 1.5 13 404.38 +1.29 1.48 2.15 0.54 AcutusMedical AFIB ... dd .89 +0.08 ... 14.60 5.20 Alvotech ALVO ... dd 7.55 –0.35 ... 9.07 3.27 Arteris AIP ... dd 6.54 –0.36 ...
6.39 0.16 WeWork WE ... dd .21 –0.04 ...
49.95 27.27 US Bancorp USB 6.0 9 31.88 –1.57 .48 2.30 0.90 Adagene ADAG ... dd 1.35 +0.07 ... 27.33 14.05 AmalgamFin AMAL 2.5 6 15.97 –0.30 .10 63.00 45.44 ArtesianRscs A ARTNA 2.4 26 47.95 –1.37.284
37.37 27.37 Weyerhaeuser WY 2.5 18 30.41 –0.59 .19
31.55 16.41 US Steel X .9 3 23.33 –0.08 .05 2.65 0.91 AdaptimmuneTher ADAP ... dd .95 –0.07 ... 2.23 1.04 Amarin AMRN ... dd 1.14 –0.05 ... 58.58 21.21 Arvinas ARVN ... dd 25.47 –3.75 ...
52.76 28.62 WheatonPrecMet WPM 1.4 31 42.60 –2.27 .15
558.10 445.68 UnitedHealth UNH 1.6 22 477.00 +18.51 1.88 13.21 5.96 AdaptiveBiotech ADPT ... dd 6.94 –1.45 ... 146.57 81.43 Amazon.com AMZN ... cc 129.33 +3.84 ... 134.53 64.33 AscendisPharma ASND ... dd 88.19 –4.16 ...
28.80 1.01 WheelsUp UP ... dd 1.13 –1.99 ...
58.63 21.22 UnitySoftware U ... dd 37.47 –5.09 ... 114.99 77.30 AddusHomeCare ADUS ... 29 91.21 –0.60 ... 99.86 49.02 Ambarella AMBA ... dd 78.40 –7.34 ... 18.00 8.12 AscentIndustries ACNT ... 15 9.00 –0.39 ...
178.05 124.10 Whirlpool WHR 5.0 dd 140.59 –5.92 1.75
35.86 21.49 Univar UNVR ... 13 35.74 +0.03 ... 11.85 6.52 Adeia ADEA 1.9 dd 10.37 –0.28 .05 16.42 0.38 AmbrxBio AMAM ... dd 15.39 +0.38 ... 263.59 161.40 AspenTech AZPN ... dd 162.60 –4.73 ...
1560.21 1172.00 WhiteMtnIns WTM .1 54 1352.31 –22.75 1.00
62.15 43.64 Universal UVV 6.4 10 50.39 –0.23 .80 21.87 4.18 AdicetBio ACET ... dd 4.73 +0.33 ... 97.71 78.02 Amdocs DOX 1.8 22 95.85 –1.75 .435 2.42 0.77 AssemblyBiosci ASMB ... dd 1.09 ... ...
11.40 8.15 WhitestoneREIT WSR 5.1 15 9.38 –0.44 .04
57.52 40.92 UniversalHealth UHT 6.2 32 46.14 –2.33 .72 518.74 274.73 Adobe ADBE ... 46 484.72 –10.46 ... 131.32 69.36 Amedisys AMED ... 27 91.21 –0.14 ... 49.56 31.04 AstecIndustries ASTE 1.2 cc 42.96 –1.00 .13
20.96 7.26 WideOpenWest WOW ... dd 7.65 –0.19 ...
154.65 82.50 UniversalHealthB UHS .5 16 151.43 +2.81 .20 6.43 1.17 AdvEmissions ADES ... dd 1.90 +0.56 ... 31.09 15.79 AmerantBncpA AMTB 2.0 9 18.28 –1.40 .09 76.56 52.65 AstraZeneca AZN 2.0 48 72.12 –3.10 .985
54.15 30.05 Wiley A WLY 4.5 cc 30.79 –2.67.3475
20.15 8.39 UnivInsurance UVE 4.1 dd 15.59 –0.95 .16 109.22 67.55 AdvEnergyInds AEIS .4 20 105.10 –2.49 .10 17.64 11.65 AmerAirlines AAL ... 6 16.26 –0.22 ... 16.28 2.80 AstriaTherap ATXS ... dd 10.03 +0.22 ...
52.11 29.61 Wiley B WLYB 4.3 cc 32.66 –0.60.3475 105.60 80.30 AEP AEP 4.0 22 83.49 –1.44 .83
8.31 5.27 UnvlTechInst UTI ... 84 6.75 +0.33 ... 132.83 54.57 AdvMicroDevices AMD ... cc 110.01 –10.07 ... 20.19 7.46 Astronics ATRO ... dd 18.44 +0.56 ...
35.79 27.80 Williams WMB 5.9 14 30.59 +0.06.4475 4.64 1.13 AdvantageSolns ADV ... dd 2.24 +0.09 ... 38.83 25.26 AmNtlBcsh AMNB 4.1 9 29.44 –1.26 .30
46.99 31.12 UnumGroup UNM 2.9 6 45.78 +0.38 .33 17.21 10.97 AstroNova ALOT ... 36 14.90 –0.50 ...
176.89 106.66 Williams-Sonoma WSM 3.0 8 120.16 –4.48 .90 1.56 0.11 AegleaBioTherap AGLE ... dd .40 +0.26 ... 11.60 6.97 AmOutdoorBrands AOUT ... dd 7.65 –0.10 ...
9.50 1.25 UpHealth UPH ... dd 1.65 +0.13 ... 9.34 1.45 AtaraBiotherap ATRA ... dd 1.76 –0.25 ...
70.53 47.80 Winnebago WGO 1.8 8 60.84 –3.58 .27 11.50 1.16 Aemetis AMTX ... dd 5.61 –0.81 ... 16.79 3.76 AmericanPubEdu APEI ... dd 4.49 +0.41 ... 9.79 2.94 AteaPharm AVIR ... dd 3.96 –0.16 ...
17.54 12.91 UrbanEdgeProp UE 4.5 96 14.27 –1.00 .16 5.54 4.32 Wipro WIT 1.5 18 4.57 –0.10.1225
22.80 14.76 UrstadtBiddle UBP 3.8 30 19.91 –0.99.1875 30.79 13.10 AerovateTherap AVTE ... dd 16.00 –0.50 ... 19.34 10.11 AmerSoftware AMSWA 4.2 34 10.42 –0.14 .11 4.41 2.22 AthiraPharma ATHA ... dd 2.94 –0.01 ...
7.49 4.60 WisdomTree WT 1.8 16 6.82 –0.15 .03 112.39 70.08 AeroVironment AVAV ... dd 90.89 –2.99 ... 7.58 3.20 AmerSupercond AMSC ... dd 5.87 –0.85 ... 3.20 2.03 AtlanticAmerican AAME ... 18 2.11 –0.13 ...
21.10 15.07 UrstadtBiddleA UBA 4.2 30 20.02 –0.98.2083 125.48 39.02 Wolfspeed WOLF ... dd 49.45 –3.62 ... 10.82 9.88 AetheriumAcqnA GMFI ... dd 10.54 –0.02 ... 73.00 41.05 AmericanWoodmark AMWD ... 12 69.85 –0.71 ... 11.12 9.79 AtlCoastal II A ACAB ... 99 10.50 +0.11 ...
19.98 13.30 UtzBrands UTZ 1.4 cc 16.24 –0.06 .057 24.08 9.60 WolverineWwide WWW 3.0 dd 13.43 –0.71 .10 3.40 0.55 Affimed AFMD ... dd .65 –0.07 ... 127.05 52.24 AmerCarMart CRMT ... 31 94.58 –0.82 ... 36.35 23.12 AtlanticaSust AY 7.7 dd 23.12 –0.83.445
V 26.93 19.11 WoodsideEnergy WDS11.0 6 22.63 –2.10 1.44 40.97 8.62 AffirmHldgs AFRM ... dd 14.81 –1.86 ... 54.24 28.33 AmerisBancorp ABCB 1.8 7 33.30 –2.02 .15 43.00 21.65 Atlanticus ATLC ... 8 40.19 +1.39 ...
33.09 22.18 WooriFin WF 7.9 3 27.21 –1.031.7502 17.02 8.73 Afya AFYA ... 18 13.80 +0.55 ... 4.12 2.48 AmeriServFin ASRV 4.8 7 2.51 –0.21 .03 300.29 113.86 Atlassian TEAM ... dd 162.41 –15.39 ...
48.63 16.77 VF VFC 6.6 60 18.23 –1.28 .30 106.99 59.43 Workiva WK ... dd 100.71 –1.10 ... 88.16 38.32 Agilysys AGYS ... cc 64.83 –6.21 ... 296.67 211.71 Amgen AMGN 3.8 15 227.11 –2.55 2.13 29.40 11.02 AtourLifestyle ATAT ... cc 15.73 –1.53 ...
4.00 1.25 ViaOptronics VIAO ... dd 2.50 +0.05 ... 30.65 19.41 WorldKinect WKC 2.5 13 22.63 –0.85 .14 34.76 19.43 AgiosPharm AGIO ... dd 26.80 +1.02 ... 13.84 9.10 AmicusTherap FOLD ... dd 12.28 –0.81 ... 2.80 0.76 Atreca BCEL ... dd .93 –0.22 ...
35.69 29.28 VICI Prop VICI 5.1 22 30.63 –1.71 .39 110.24 59.79 WW Ent WWE .5 52 100.81 –1.91 .12 7.60 2.38 Agora API ... dd 3.24 –0.22 ... 31.38 14.89 AmkorTech AMKR 1.2 10 25.90 –0.49 .075 52.96 32.51 AtriCure ATRC ... dd 47.87 –0.24 ...
13.84 6.32 Vizio VZIO ... cc 6.53 –0.69 ... 65.17 38.01 WorthingtonInds WOR 2.0 15 60.70 –0.22 .31 28.95 14.01 AirT AIRT ... 71 26.60 +1.59 ... 58.70 26.76 AmphastarPharm AMPH ... 32 57.16 +2.13 ... 705.74 500.00 Atrion ATRI 1.4 35 595.20 +49.08 2.15
13.70 5.75 VOC Energy VOC 15.5 6 7.75 –0.02 .23 81.00 58.82 WyndhamHtls WH 2.1 19 66.43 –2.44 .35 34.00 14.39 AirTransportSvcs ATSG ... 10 18.62 –0.63 ... 13.45 6.66 AmtechSystems ASYS ... 9 9.01 –0.26 ... 30.30 18.80 AuburnNatlBncp AUBN 5.4 7 20.17 +1.37 .27
5.48 2.66 VTEX VTEX ... ... 4.56 +0.18 ... 144.63 81.91 Airbnb ABNB ... 42 124.73 –3.95 ... 41.93 15.80 AmylyxPharm AMLX ... dd 23.06 –0.81 ... 24.58 8.05 AudioCodes AUDC 3.9 15 9.24 –0.44 .18
XYZ 11.75 2.69 AirSculptTech AIRS .0 dd 7.80 –0.06 .41 4.86 0.55 Amyris AMRS ... dd 1.10 –0.04 ... 24.83 8.13 AuraBiosciences AURA ... dd 12.60 –0.09 ...
51.00 29.55 V2X VVX ... dd 47.80 +1.93 ...
98.81 70.65 AkamaiTech AKAM ... 31 88.63 –2.87 ... 198.25 133.48 AnalogDevices ADI 1.9 26 185.94 –2.42 .86 10.86 9.86 AuraFatProjectsA AFAR ... 84 10.60 +0.01 ...
8.46 3.51 VaalcoEnergy EGY 5.1 7 3.71 –0.33.0625 4.83 1.62 XFinancial XYF ... 2 4.71 +0.55 ... 58.38 9.26 AkeroTherap AKRO ... dd 50.83 –3.77 ... 32.44 18.01 AnaptysBio ANAB ... dd 20.24 +1.49 ... 12.60 4.07 AuriniaPharm AUPH ... dd 9.23 –0.40 ...
269.50 201.91 VailResorts MTN 3.4 34 243.63 –4.84 2.06 54.13 24.75 XPO XPO ... 31 51.44 –0.16 ... 16.57 4.28 Akoya AKYA ... dd 6.96 –1.37 ... 15.24 7.44 AnavexLifeSci AVXL ... dd 8.16 –0.41 ... 1.94 0.49 AuroraCannabis ACB ... dd .55 +0.01 ...
80.00 37.17 Valaris VAL ... 16 56.56 –1.45 ... 18.46 11.48 XeniaHotels XHR 3.4 20 11.74 –0.56 .10 46.48 29.35 Andersons ANDE 1.6 14 45.24 +0.29 .185
78.99 44.92 Alarm.com ALRM ... 42 48.50 –2.30 ... 3.27 1.10 AuroraInnov AUR ... dd 2.38 +0.14 ...
19.31 11.72 Vale VALE 7.6 4 13.70 –0.74 .347 9.20 2.95 XinyuanRealEst XIN ... dd 3.59 –0.05 ... 4.01 0.45 AlaunosTherap TCRT ... dd .45 –0.07 ... 8.50 0.72 Anghami ANGH ... dd 1.19 ... ...
5.99 2.23 ValensSemicon VLN ... dd 2.41 +0.03 ... 1.14 0.21 AuroraMobile JG ... dd .23 +0.01 ...
35.35 6.18 XPeng XPEV ... dd 9.90 –1.48 ... 13.50 5.76 Alector ALEC ... dd 7.18 –0.29 ... 6.31 1.81 Angi ANGI ... dd 3.28 +0.03 ... 11.57 9.90 AuroraTechA ATAK ... 91 10.59 +0.05 ...
150.39 96.93 ValeroEnergy VLO 3.7 3 111.30 –2.91 1.02 26.00 8.15 Xperi XPER ... dd 12.96 +0.10 ... 9.94 5.64 AlgomaSteel ASTL 2.9 8 6.96 –0.82 .05 24.74 8.18 AngioDynamics ANGO ... dd 10.86 –0.22 ... 0.17 0.05 AuroraTechRt ATAKR ... ... .12 –0.02 ...
53.73 12.13 Valhi VHI 2.2 10 14.25 +0.20 .08 33.58 11.82 XponentialFit XPOF ... dd 25.60 –2.48 ... 37.84 22.58 Alico ALCO .8 dd 25.46 +0.13 .05 32.51 21.44 AnikaTherap ANIK ... dd 26.64 +0.07 ... 235.01 166.94 Autodesk ADSK ... 52 202.00 –11.50 ...
353.36 213.27 ValmontInds VMI .8 24 296.59 +10.16 .60 118.58 73.80 Xylem XYL 1.2 54 111.03 –2.41 .33 368.87 172.05 AlignTech ALGN ... 81 328.83 –1.46 ... 7.65 2.07 Annexon ANNX ... dd 3.48 +0.48 ... 3.79 1.60 AutolusTherap AUTL ... dd 2.55 –0.34 ...
39.67 24.40 Valvoline VVV 1.4 dd 36.06 –0.39 .125 55.15 27.86 Yeti YETI ... 42 35.90 +0.81 ... 19.17 4.88 AlignmentHlthcr ALHC ... dd 6.10 –0.10 ... 94.75 42.15 ApellisPharm APLS ... dd 85.29 –3.98 ... 274.92 201.46 ADP ADP 2.3 27 213.83 –7.49 1.25
3.54 0.41 Vapotherm VAPO ... dd .42 –0.17 ... 15.47 2.82 YPF YPF ... 3 14.79 +0.24 ... 2.41 0.84 AligosTherap ALGS ... dd .97 –0.13 ... 49.65 36.42 ApogeeEnt APOG 2.0 10 46.89 +3.74 .24 15.82 2.26 AvadelPharm AVDL ... dd 13.51 –0.98 ...
14.39 8.64 VectorGroup VGR 6.3 12 12.62 +0.14 .20 5.57 3.00 Yalla YALA ... 9 4.12 –0.24 ... 7.92 1.30 AlimeraSciences ALIM ... dd 2.73 –0.17 ... 49.00 3.71 ApollomicsA APLM ... dd 5.13 +0.01 ... 30.23 16.89 Avantax AVTA ... dd 22.39 –0.34 ...
232.26 151.02 VeevaSystems VEEV ... 63 200.76 +0.71 ... 2.20 0.82 YatsenHolding YSG ... dd .99 –0.01 ... 17.71 10.70 AlkamiTech ALKT ... dd 15.61 +0.01 ... 178.10 86.72 AppFolio APPF ... dd 166.02 –7.22 ... 2.81 0.67 AveannaHealth AVAH ... dd 1.85 +0.27 ...
5.96 1.28 Velo3D VLD ... 14 2.09 +0.17 ... 39.27 25.30 Yelp YELP ... 72 35.91 –0.50 ... 33.67 21.75 Alkermes ALKS ... dd 33.34 +1.15 ... 4.84 0.32 AppHarvest APPH ... dd .36 –0.05 ... 6.93 3.40 AvePoint AVPT ... dd 6.06 –0.12 ...
13.60 7.81 VelocityFinl VEL ... 11 12.50 +0.85 ... 14.35 4.00 Yext YEXT ... dd 11.37 –1.57 ... 8.73 2.92 Allakos ALLK ... dd 4.24 –0.42 ... 57.47 29.80 Appian APPN ... dd 47.29 –5.28 ... 39.80 21.15 AviatNetworks AVNW ... 29 31.08 –1.65 ...
54.11 35.33 Ventas VTR 4.0 dd 44.47 –1.61 .45 3.85 0.67 YirenDigital YRD ... ... 2.44 –0.22 ... 81.90 0.17 AllarityTherap ALLR ... dd .18 –0.01 ... 187.56 124.17 Apple AAPL .5 32 186.68 +1.76 .24 33.41 19.78 AvidTechnology AVID ... 24 24.34 +0.17 ...
17.69 10.22 VerisResidential VRE ... dd 16.34 –0.70 ... 10.00 3.03 Youdao DAO ... dd 4.62 –0.60 ... 5.74 1.03 Allbirds BIRD ... dd 1.30 –0.03 ... 11.62 0.85 AppliedDigital APLD ... dd 8.09 –0.86 ... 25.74 9.83 AvidityBio RNA ... dd 11.40 –0.72 ...
161.84 94.50 Veritiv VRTV 2.1 5 121.87 –1.08 .63 125.74 62.94 AllegiantTravel ALGT ... 33 119.12 +0.23 ... 142.53 71.12 ApplMaterials AMAT .9 18 136.07 –2.86 .32 11.86 5.86 AvidXchange AVDX ... dd 10.16 –0.56 ...
143.25 103.97 Yum!Brands YUM 1.8 32 135.60 –2.98 .605
52.15 33.72 Verizon VZ 7.4 7 35.51 –0.95.6525 48.72 19.20 AllegroMicro ALGM ... 43 41.25 +1.09 ... 3.95 0.21 AppliedMolecular AMTI ... dd .26 –0.02 ... 251.26 131.83 AvisBudget CAR ... 4 223.81 +19.52 ...
64.70 38.59 YumChina YUMC .9 38 56.28 –3.12 .13
30.17 10.75 VermilionEnergy VET 2.3 2 11.64 –0.75.0734 27.63 17.05 AllianceResource ARLP15.6 3 17.93 +0.10 .70 5.67 1.48 AppliedOptoelec AAOI ... dd 4.34 –0.51 ... 49.16 35.45 Avnet AVT 2.5 5 47.23 –0.78 .29
53.59 11.92 ZimIntShipping ZIM 139.2 1 12.18 –0.826.40
64.62 47.19 AlliantEnergy LNT 3.5 20 51.83 –1.91.4525 2.18 0.50 AppliedTherap APLT ... dd 1.42 –0.09 ... 2.50 1.32 Aware AWRE ... dd 1.61 –0.10 ...
11.58 1.41 VerticalAerospace EVTL ... dd 1.82 +0.05 ... 30.05 16.27 ZTO Express ZTO .0 19 25.27 –2.19 .37 44.88 22.38 AlliedMotionTech AMOT .3 30 38.94 +0.83 .03 40.56 9.14 Applovin APP ... dd 23.39 –0.58 ... 184.41 46.41 AxcelisTechs ACLS ... 30 168.47 –0.61 ...
23.73 7.76 Vertiv VRT .0 78 23.64 +1.10 .01 2.19 1.05 ZeppHealth ZEPP ... dd 1.12 –0.05 ... 17.49 4.30 AllogeneTherap ALLO ... dd 4.75 –0.10 ... 13.40 0.20 Appreciate SFR ... dd .37 +0.03 ... 2.74 0.16 AxcellaHealth AXLA ... dd .25 –0.03 ...
44.25 17.10 Viad VVI ... 42 23.48 –0.85 ... 11.28 4.09 ZetaGlobal ZETA ... dd 8.48 –0.57 ... 5.86 2.43 Allot ALLT ... dd 3.18 +0.13 ... 25.80 2.96 ApreaTherap APRE ... dd 3.15 –0.41 ...
4.76 1.36 VicariousSurgical RBOT ... dd 1.95 –0.14 ... 5.49 2.50 ZeviaPBC ZVIA ... dd 4.43 –0.27 ... 229.95 88.61 AxonEnterprise AXON ... cc 188.71 –13.65 ...
10.29 2.99 AlloVir ALVR ... dd 3.28 –2.02 ... 17.30 2.30 Aptorum APM ... dd 2.80 –0.02 ... 79.92 47.59 Axonics AXNX ... dd 49.62 –1.95 ...
48.16 16.85 Victoria'sSecret VSCO ... 5 16.96 –2.64 ... 2.13 0.89 Zhihu ZH ... dd 1.04 –0.10 ... 10.75 9.96 APxAcqnI A APXI ... 43 10.70 ... ...
8.50 3.00 VinceHolding VNCE ... dd 3.05 –0.66 ... 91.29 23.85 AxsomeTherap AXSM ... dd 88.11 +3.11 ...
149.25 100.39 ZimmerBiomet ZBH .7 67 143.99 –0.11 .24 11.16 1.31 ApyxMedical APYX ... dd 7.30 +0.34 ...
Nasdaq Issues includes stocks traded on the Nasdaq 78.15 36.01 Azenta AZTA ... dd 43.67 –2.35 ...
18.48 6.36 Vipshop VIPS ... 10 16.38 –1.41 ... 24.05 13.68 ZipRecruiter ZIP ... 34 16.65 +0.27 ... 2.69 0.62 AquestiveTherap AQST ... dd 1.83 –0.33 ...
8.56 2.98 VirginGalactic SPCE ... dd 4.34 –0.39 ... 187.82 124.15 Zoetis ZTS .9 38 168.37 –2.37 .375 Global Select and Nasdaq Global Market tiers. They are 2.46 0.58 Aravive ARAV ... dd 1.46 –0.07 ... B
eligible for inclusion on the basis of SEC-approved
2.68 0.35 VirnetX VHC .0 dd .46 –0.07 1.00 12.12 5.45 Zuora ZUO ... dd 10.92 –0.46 ... market value of publicly-held shares, trading volume, 3.15 1.85 ArbutusBiopharma ABUS ... dd 2.41 –0.08 ... 20.28 9.97 BCB Bancorp BCBP 5.3 5 11.97 –0.44 .16
235.57 174.60 Visa V .8 31 229.55 +0.64 .45 32.86 19.29 ZurnElkayWater ZWS 1.1 71 25.48 –0.15 .07 price and number of market-makers. 104.87 67.40 ArcBest ARCB .6 9 85.37 –2.86 .12 14.75 6.38 BELLUS Health BLU ... dd 14.73 ... ...
50 BARRON’S June 26, 2023

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.
5.51 3.14 BGC Partners BGCP .9 40 4.34 –0.46 .01 164.89 97.21 CSW Industrials CSWI .5 26 159.74 –1.16 .19 18.07 8.62 CogentBio COGT ... dd 12.09 –0.05 ... 134.14 72.41 DexCom DXCM ... cc 126.75 –3.35 ... 14.29 6.51 Evolus EOLS ... dd 7.81 +0.02 ...
36.14 20.15 BJsRestaurants BJRI ... cc 30.37 –0.27 ... 34.71 25.80 CSX CSX 1.3 16 32.74 –0.47 .11 75.00 46.75 CogentComm CCOI 5.7 cc 64.47 –1.00 .935 197.00 154.24 DiamondHillInvt DHIL 3.6 12 168.50 –9.68 1.50 15.04 7.80 Evotec EVO ... dd 11.65 ... ...
110.85 70.21 BOK Fin BOKF 2.7 9 81.19 –6.38 .54 29.25 10.66 CVB Fin CVBF 6.2 7 12.97 –1.83 .20 58.12 40.21 Cognex CGNX .5 53 53.35 –2.40 .07 168.95 103.71 DiamondbkEner FANG 2.6 5 125.40 –3.34 .03 8.96 2.04 Exagen XGN ... dd 3.11 –0.14 ...
33.34 19.26 BRP Group BRP ... dd 24.96 +0.64 ... 13.82 0.59 CabalettaBio CABA ... dd 12.61 –0.51 ... 6.27 1.07 CognitionTherap CGTX ... dd 2.75 –0.63 ... 43.68 22.64 DigiIntl DGII ... 52 38.25 +0.25 ... 11.10 9.91 ExcelFinAcqnA XFIN ... cc 10.41 +0.03 ...
90.42 58.71 BRP DOOO .7 9 78.57 –4.28.1333 11.17 9.94 CactusAcqn1 A CCTS ... cc 10.59 +0.01 ... 70.86 51.33 CognizantTech CTSH 1.9 14 62.04 –3.04 .29 32.94 12.45 Digimarc DMRC ... dd 28.09 +0.24 ... 22.47 14.87 Exelixis EXEL ... 42 19.86 +0.77 ...
59.09 24.95 B RileyFin RILY 9.5 dd 41.93 +0.56 1.00 242.65 138.76 CadenceDesign CDNS ... 72 225.32 –10.52 ... 6.94 2.31 CognyteSoftware CGNT ... dd 5.76 –0.05 ... 11.50 10.00 DigitalHealth DHAC ... dd 11.43 ... ... 47.23 35.19 Exelon EXC 3.6 18 39.87 –1.34 .36
8.20 3.82 Backblaze BLZE ... dd 4.29 –0.35 ... 56.75 31.31 CaesarsEnt CZR ... dd 45.21 –3.63 ... 14.11 3.60 CoherusBioSci CHRS ... dd 3.99 –0.14 ... 33.63 12.34 DigitalWorldA DWAC ... dd 12.46 –0.30 ... 191.18 138.83 ExlService EXLS ... 31 147.00 –4.67 ...
160.88 73.58 Baidu BIDU ... 24 139.29 –5.82 ... 10.67 3.51 Caesarstone CSTE18.9 dd 5.30 +0.60 .25 41.00 24.06 Cohu COHU ... 21 39.46 –1.31 ... 36.51 15.57 DimeCommBcshs DCOM 5.7 5 17.61 –0.87 .25 21.61 9.96 eXpWorld EXPI 1.0 cc 18.44 –1.21.045
33.12 20.42 BakerHughes BKR 2.6 dd 29.77 –0.80 .19 65.32 44.01 Cal-MaineFoods CALM19.8 3 44.42 –3.30 2.20 116.30 31.55 CoinbaseGlbl COIN ... dd 61.47 +5.88 ... 97.45 58.52 Diodes DIOD ... 12 85.63 –7.25 ... 124.95 82.39 Expedia EXPE ... 53 104.79 –1.08 ...
143.88 116.68 Balchem BCPC .6 42 128.98 –7.66 .71 6.46 1.61 CalAmp CAMP ... dd 1.71 –0.20 ... 30.22 15.40 CollegiumPharm COLL ... dd 22.73 –0.23 ... 57.70 11.80 DiscMedicine IRON ... dd 52.47 +3.05 ... 120.44 86.08 ExpeditorsIntl EXPD 1.2 15 114.45 –4.38 .69
9.28 3.98 BallardPower BLDP ... dd 4.30 –0.28 ... 45.50 22.64 CalavoGrowers CVGW 1.2 dd 32.08 +0.72 .10 133.03 84.16 ColliersIntl CIGI .3 cc 93.41 –2.90 .15 11.17 10.15 DistokenAcqn DIST ... ... 10.32 +0.03 ... 25.39 5.67 Expensify EXFY ... dd 7.61 +0.21 ...
118.07 68.44 BancFirst BANF 1.8 14 88.51 –5.15 .40 26.17 12.78 CaliforniaBncp CALB ... 5 14.21 –0.81 ... 13.97 4.27 Collplant CLGN ... dd 7.97 +0.43 ... 0.49 0.10 DistokenAcqnRt DISTR ... ... .14 +0.02 ... 112.75 85.27 Exponent EXPO 1.1 48 94.16 –6.86 .26
29.07 9.20 Bandwidth BAND ... dd 12.66 –1.09 ... 25.64 10.82 CalliditasTherap CALT ... dd 17.94 –0.51 ... 16.18 8.59 ColonyBankcorp CBAN 4.6 9 9.60 –0.24 .11 55.49 25.66 DistributionSoln DSGR ... 63 49.88 –0.11 ... 13.82 4.09 Exscientia EXAI ... dd 6.38 –0.77 ...
49.52 30.72 BankOZK OZK 3.7 8 37.58 –2.28 .35 20.50 8.40 CalumetSpecialty CLMT ... dd 15.91 +0.32 ... 35.53 17.54 ColumbiaBanking COLB 7.0 9 20.48 –2.12 .36 8.41 3.95 Diversey DSEY ... dd 8.37 +0.01 ... 25.13 8.58 ExtremeNetworks EXTR ... 54 23.30 –1.59 ...
30.86 21.08 Bank7 BSVN 2.8 6 22.50 –2.20 .16 24.19 12.65 CambiumNtwks CMBM ... 16 14.50 –1.34 ... 22.86 14.11 ColumbiaFin CLBK ... 22 17.41 –1.22 ... 3.30 0.61 DiversifiedHlthcr DHC 2.0 dd 1.98 –0.59 .01 11.44 2.19 EyePointPharm EYPT ... dd 6.77 +0.23 ...
10.60 7.17 BankFinancial BFIN 5.1 9 7.90 +0.11 .10 49.10 28.23 CamdenNational CAC 5.1 8 32.78 –0.15 .42 98.32 65.02 ColumbiaSportswr COLM 1.6 16 74.33 –2.59 .30 1.83 0.67 DixieGroup DXYN ... dd 1.16 –0.17 ... 10.68 7.05 Ezcorp EZPW ... 26 8.68 +0.34 ...
34.40 21.22 BankwellFinl BWFG 3.2 5 24.68 –0.53 .20 33.40 20.83 Camtek CAMT ... 19 31.81 –0.82 ... 42.22 23.54 ColumbusMcKinn CMCO .7 24 40.28 –0.99 .07 33.63 9.03 dLocal DLO ... ... 12.14 –0.68 ... F
75.72 41.57 Banner BANR 4.4 7 43.70 –2.74 .48 4.54 1.83 Canaan CAN ... dd 2.04 –0.11 ... 43.72 28.39 Comcast A CMCSA 2.9 30 40.09 –1.11 .29 41.48 23.40 Docebo DCBO ... 83 36.91 –0.88 ...
11.45 3.41 Baozun BZUN ... dd 3.95 –0.55 ... 47.69 26.86 CanadianSolar CSIQ ... 8 36.94 –4.38 ... 72.60 45.55 CommerceBcshrs CBSH 2.4 12 45.69 –3.95 .27 77.24 39.57 DocuSign DOCU ... dd 50.08 –3.77 ... 39.71 10.30 FARO Tech FARO ... dd 14.96 –0.46 ...
100.85 69.17 BarrettBus BBSI 1.4 13 85.57 –3.08 .30 4.25 1.15 CandelTherap CADL ... dd 1.40 –0.01 ... 10.83 4.03 CommVehicle CVGI ... dd 9.77 ... ... 2.34 0.63 Dogness DOGZ ... dd .80 –0.03 ... 174.38 127.05 F5 FFIV ... 27 144.45 –7.53 ...
24.12 13.30 BassettFurniture BSET 4.6 14 14.05 +0.04 .16 10.87 10.00 Canna-GlobalA CNGL ... cc 10.72 +0.02 ... 13.73 3.97 CommScope COMM ... dd 4.70 –0.22 ... 175.68 128.85 DollarTree DLTR ... 23 143.67 +7.45 ... 3.18 1.31 FGFinancial FGF ... 7 1.77 –0.08 ...
21.51 15.02 BayCom BCML 2.3 8 17.41 –1.12 .10 5.00 0.49 Canoo GOEV ... dd .50 –0.16 ... 48.05 32.68 CmntyTrBcp CTBI 4.8 8 36.59 –1.25 .44 35.43 11.35 Domo DOMO ... dd 14.57 –0.78 ... 11.48 9.60 FG Merger FGMC ... dd 10.57 +0.02 ...
81.23 49.62 BeaconRoof BECN ... 15 79.90 +0.46 ... 4.77 0.50 CanopyGrowth CGC ... dd .52 –0.11 ... 15.23 10.38 CommWestBcshs CWBC 2.6 9 12.35 +0.09 .08 17.13 13.05 DonegalGroup A DGICA 4.6 dd 14.63 –0.65 .17 4.06 0.28 FLJ FLJ ... 0 .32 –0.01 ...
73.27 28.62 BeamTherap BEAM ... dd 31.81 –1.88 ... 7.80 2.77 Cantaloupe CTLP ... dd 7.71 +0.21 ... 72.44 50.26 CommVaultSys CVLT ... dd 71.35 –0.73 ... 20.18 12.69 DonegalGroup B DGICB 4.4 dd 13.74 –0.17.1525 63.52 52.45 FRP Holdings FRPH ... cc 55.99 –2.81 ...
1.45 0.74 BeasleyBroadcast BBGI ... dd .93 –0.07 ... 31.60 19.61 CanterburyPark CPHC 1.2 13 23.04 –0.77 .07 11.32 9.62 CompassDigitalAcqn CDAQ ... 36 10.34 –0.06 ... 32.10 22.51 DorchesterMnls DMLP13.7 9 29.01 –0.09.9897 10.66 9.78 FTACEmeraldA EMLD ... ... 10.35 +0.01 ...
280.62 124.46 BeiGene BGNE ... dd 179.28 –20.93 ... 27.49 15.32 CapitalBancorp CBNK 1.3 6 17.90 –1.01 .06 7.90 4.26 CompoSecure CMPO ... 12 6.98 –0.02 ... 119.04 73.32 DormanProducts DORM ... 26 76.80 –6.75 ... 10.94 9.85 FTACZeusAcqnA ZING ... cc 10.40 +0.01 ...
60.64 21.50 BelFuse A BELFA .4 13 55.33 –3.17 .06 36.86 26.34 CapitalCityBank CCBG 2.3 11 31.00 –1.20 .18 34.47 22.06 ComputerPrograms CPSI ... 33 24.75 –0.06 ... 11.59 7.41 DoubleDown DDI ... dd 9.10 –0.25 ... 30.26 14.29 FTAI Aviation FTAI 4.2 93 28.81 –0.75 .33
60.39 14.91 BelFuse B BELFB .5 11 55.48 –2.84 .07 16.17 11.93 CapitalProduct CPLP 4.3 3 13.86 +0.04 .15 9.55 6.05 ComputerTask CTG ... 24 7.35 –0.02 ... 2.12 0.90 DouYuIntl DOYU ... 96 1.01 –0.10 ... 4.25 2.22 FTAI Infra FIP 3.6 dd 3.35 +0.08 .03
16.50 3.80 Beneficient BENF ... 20 3.87 –1.25 ... 21.23 16.28 CapitalSouthwest CSWC 11.1 18 18.86 –0.21 .05 2.40 0.73 comScore SCOR ... dd .89 –0.02 ... 26.65 10.69 DraftKings DKNG ... dd 25.03 +0.52 ... 5.66 1.78 FTC Solar FTCI ... dd 2.54 –0.04 ...
54.24 30.51 BentleySystems BSY .4 cc 51.72 –1.57 .05 10.85 9.90 CapitalworksEMA CMCA ... 27 10.59 +0.08 ... 16.87 8.31 ComtechTel CMTL 4.4 dd 9.12 +0.71 .10 28.75 1.38 DragonflyEnergy DFLI ... dd 1.50 –1.29 ... 4.16 0.60 FangddNetwork DUO ... ... .82 –0.11 ...
2.95 0.51 BerkshireGrey BGRY ... dd 1.42 +0.03 ... 10.12 5.25 CapitolFedFin CFFN 5.6 12 6.09 –0.49 .085 151.82 79.37 Concentrix CNXC 1.3 10 81.59 –1.48 .275 35.45 23.35 DrivenBrands DRVN ... cc 25.85 –0.73 ... 9.54 4.31 Fanhua FANH ... 14 7.56 –0.71 ...
0.46 0.04 BerkshireGreyWt BGRYW ... ... .33 +0.02 ... 22.00 11.22 CapStarFin CSTR 3.4 8 12.99 –0.95 .11 4.95 2.70 Conduent CNDT ... dd 3.17 –0.19 ... 26.59 18.71 Dropbox DBX ... 17 26.33 +0.36 ... 6.83 1.75 FarmerBros FARM ... dd 2.79 +0.06 ...
10.74 6.23 Berry(bry) BRY 7.1 2 6.72 –0.42 .12 12.98 2.94 CaraTherap CARA ... dd 3.48 +0.28 ... 37.51 16.60 Confluent CFLT ... dd 33.13 –1.56 ... 11.29 5.11 DuluthHoldings DLTH ... dd 6.12 +0.33 ... 57.82 43.73 Fastenal FAST 2.5 29 56.89 +0.31 .35
44.59 9.82 BeyondMeat BYND ... dd 12.91 +0.05 ... 27.58 2.57 Cardlytics CDLX ... dd 5.78 –0.83 ... 2.49 1.29 Conifer CNFR ... dd 1.62 –0.09 ... 168.40 64.73 Duolingo DUOL ... dd 140.03 –12.76 ... 12.27 9.90 FatProjectsAcqn FATP ... dd 10.84 +0.04 ...
33.49 15.55 BicycleTherap BCYC ... dd 25.30 –1.94 ... 5.35 2.50 Carecloud CCLD ... dd 3.16 +0.14 ... 2.08 0.62 ConnectBiopharma CNTB ... dd 1.22 +0.02 ... 17.48 9.42 DynavaxTechs DVAX ... 8 12.98 +0.01 ... 37.13 4.02 FateTherap FATE ... dd 5.01 –0.57 ...
15.60 6.88 Big5SportingGds BGFV11.8 11 8.49 +0.28 .25 27.33 6.22 CareDx CDNA ... dd 7.88 –0.08 ... 28.68 13.11 ConnectOneBncp CNOB 4.1 6 16.64 –0.43 .17 15.63 6.35 DyneTherap DYN ... dd 10.50 –0.45 ... 11.82 9.91 FeutuneLightA FLFV ... cc 10.49 –0.03 ...
21.80 6.81 BigCommerce BIGC ... dd 9.09 –0.47 ... 8.47 2.14 CareMax CMAX ... dd 3.40 –0.06 ... 12.79 3.07 Conn's CONN ... dd 3.96 –0.11 ... 0.53 0.01 FeutuneLightRt FLFVR ... ... .10 ... ...
E 25.69 10.46 FibroGen FGEN ... dd 16.05 –0.67 ...
29.46 8.23 Bilibili BILI ... dd 14.94 –2.53 ... 26.43 9.14 CarGurus CARG ... 9 20.61 –1.36 ... 65.68 29.35 ConsensusCloud CCSI ... 9 29.57 –2.12 ...
99.34 68.00 Bio-Techne TECH .4 46 76.62 –1.87 .08 13.19 3.99 CaribouBio CRBU ... dd 4.33 –0.01 ... 10.60 9.78 Consilium I A CSLM ... 64 10.48 ... ... 11.32 3.02 ECARX ECX ... dd 8.75 +0.45 ... 52.90 35.51 FidelityD&D FDBC 2.9 9 49.31 –0.05 .36
12.15 2.24 BioAtla BCAB ... dd 3.50 –0.28 ... 19.30 2.75 CarismaTherap CARM ... dd 8.59 +0.99 ... 0.15 0.02 Consilium I Rt CSLMR ... ... .09 –0.01 ... 12.65 6.21 EDAP TMS EDAP ... dd 8.90 –0.29 ... 9.28 5.89 FiestaRestaurant FRGI ... dd 8.15 –0.50 ...
15.47 9.27 BioceresCrop BIOX ... 67 13.74 +0.98 ... 39.38 24.59 Carlyle CG 4.7 15 30.00 –1.38 .35 7.66 2.10 ConsldComm CNSL ... dd 3.54 –0.16 ... 0.22 0.03 EFHuttonAcqnIRt EFHTR ... ... .12 ... ... 38.06 22.11 FifthThirdBncp FITB 5.2 7 25.54 –1.00 .33
15.43 6.87 BioCryst BCRX ... dd 7.01 –0.40 ... 15.89 11.23 CarlyleSecured CGBD10.2 10 14.52 –0.06 .07 24.44 13.38 ConsldWater CWCO 1.5 45 23.00 +0.55 .085 11.37 9.98 EFHuttonAcqnI EFHT ... cc 10.32 +0.01 ... 28.46 13.84 FinInstitutions FISI 7.3 5 16.38 –0.11 .30
3.00 0.96 Biodesix BDSX ... dd 1.19 –0.35 ... 9.24 3.82 CarParts.com PRTS ... dd 4.15 +0.03 ... 97.89 52.64 ConstellationEner CEG 1.2 dd 90.36 –2.53 .282 21.80 12.79 ESSA Bancorp ESSA 3.8 8 15.85 +0.14 .15 0.20 0.05 FinStrategiesRt FXCOR ... ... .12 +0.01 ...
319.76 193.65 Biogen BIIB ... 13 284.52 –12.96 ... 6.06 1.31 CarrolsRestr TAST ... dd 4.61 –0.58 ... 34.44 18.89 ConstructionPtrs ROAD ... 78 32.40 –0.48 ... 19.98 11.51 EagleBncpMT EBMT 4.2 9 13.07 –1.18.1375 88.20 7.36 FinchTherap FNCH ... dd 8.08 –0.18 ...
117.77 80.53 BioMarinPharm BMRN ... cc 93.50 –2.79 ... 18.84 12.35 CarterBkshrs CARE ... 6 15.20 –0.24 ... 14.38 4.64 ConsumerPtfo CPSS ... 4 11.62 –0.71 ... 47.71 17.68 EaglePharm EGRX ... dd 20.57 +1.70 ... 10.94 9.93 FinnovateAcqnA FNVT ... 80 10.58 +0.02 ...
43.69 6.04 BiomeaFusion BMEA ... dd 30.67 –4.28 ... 11.65 9.90 CartesianGrwIIA RENE ... 37 10.73 +0.11 ... 63.60 6.36 ContextLogic WISH ... dd 7.13 –0.99 ... 68.80 3.92 Eargo EAR ... dd 4.70 –0.31 ... 11.00 9.97 FintechEcoA FEXD ... 48 10.56 –0.02 ...
10.90 1.80 Bionomics BNOX ... dd 2.06 –0.69 ... 11.60 9.99 CarticaAcqnA CITE ... 39 10.67 +0.07 ... 89.88 52.29 Copart CPRT ... 37 89.19 +1.91 ... 80.98 33.86 EastWestBncp EWBC 3.9 6 49.38 –4.05 .48 0.30 0.07 FintechEcoRt FEXDR ... ... .14 +0.01 ...
188.99 100.08 BioNTech BNTX ... 4 107.14 –5.41 ... 4.88 1.00 CasaSystems CASA ... dd 1.42 +0.32 ... 8.03 2.71 CorMedix CRMD ... dd 5.48 +0.36 ... 21.54 9.93 EasternBankshares EBC 3.5 dd 11.58 –1.26 .10 11.24 7.61 FinWiseBancorp FINW ... 6 9.00 ... ...
11.24 9.92 BioPlusAcqnA BIOS ... 68 10.59 +0.03 ... 14.00 9.76 CascadiaAcqnA CCAI ... 75 10.97 –0.03 ... 20.72 10.96 CorsairGaming CRSR ... dd 17.20 –0.54 ... 24.35 15.30 Eastern EML 2.5 12 17.90 –1.77 .11 15.89 10.07 FirstAdvantage FA ... 40 14.15 +0.02 ...
28.75 1.95 BioraTherap BIOR ... dd 3.81 –0.48 ... 95.78 69.18 CasellaWaste CWST ... 85 85.63 –1.19 ... 221.82 132.48 Corvel CRVL ... 53 200.24 +8.33 ... 19.02 2.52 EbangIntl EBON ... dd 7.35 +0.24 ... 49.00 26.26 FirstBancorpNC FBNC 2.9 9 30.19 –3.85 .22
7.12 2.00 Biote BTMD ... dd 6.56 +0.61 ... 249.90 182.69 CaseysGenStores CASY .8 19 224.66 +5.04 .43 4.19 0.61 CorvusPharm CRVS ... dd 2.19 –0.05 ... 52.23 35.92 eBay EBAY 2.3 36 43.37 –1.69 .25 32.05 22.50 FirstBancorp FNLC 5.4 7 25.19 –0.89 .34
9.31 0.80 Bioventus BVS ... dd 2.99 –0.18 ... 51.48 32.51 CassInfoSys CASS 2.9 16 40.02 –1.09 .29 88.09 57.54 CoStar CSGP ... 95 86.75 +2.61 ... 30.44 11.75 Ebix EBIX 1.3 13 22.85 +0.20 .075 35.90 22.82 FirstBancshares FBMS 3.4 10 26.04 –1.51 .22
2.33 0.38 Bitfarms BITF ... dd 1.52 +0.35 ... 36.10 9.26 CastleBiosci CSTL ... dd 12.72 –0.46 ... 564.75 447.90 Costco COST .8 39 524.44 +0.79 1.02 21.06 14.67 EchoStar SATS ... 12 17.02 –0.18 ... 16.76 8.59 FirstBank FRBA 2.3 6 10.45 –0.71 .06
4.08 1.18 BlackDiamond BDTX ... dd 1.82 –0.18 ... 47.30 27.24 CathayGenBncp CATY 4.3 6 31.49 –2.53 .34 22.50 10.19 Couchbase BASE ... dd 14.63 –0.81 ... 14.33 5.53 EdgewiseTherap EWTX ... dd 7.60 –0.70 ... 27.98 16.26 FirstBusey BUSE 4.8 8 19.80 –0.98 .24
75.50 43.54 Blackbaud BLKB ... dd 69.30 –3.13 ... 318.00 189.42 CavcoIndustries CVCO ... 10 276.50 +2.36 ... 43.06 23.00 CovenantLogist CVLG .9 6 41.65 +1.80 .11 3.88 0.45 Edgio EGIO ... dd .64 +0.12 ... 39.88 24.57 FirstBusFinSvcs FBIZ 3.1 6 29.29 –0.68.2275
77.90 48.73 BlackLine BL ... dd 53.88 +0.40 ... 16.73 5.70 CECO Env CECO ... 27 12.78 –0.39 ... 121.17 81.87 CrackerBarrel CBRL 5.7 21 90.46 –4.55 1.30 19.97 6.33 EditasMedicine EDIT ... dd 8.07 –0.75 ... 1345.44 505.84 FirstCitizBcshA FCNCA .2 2 1208.38 –74.61 .75
4.03 3.03 BlackRockCapInvt BKCC12.5 36 3.21 –0.01 .10 6.56 3.80 CellebriteDI CLBT ... 53 6.34 –0.09 ... 7.59 3.89 CreativeMedia CMCT 6.8 dd 5.00 +0.15 .085 4.61 1.00 EducDev EDUC ... dd 1.18 –0.01 ... 39.39 22.55 FirstCommBkshs FCBC 4.0 10 28.88 –1.58 .29
14.33 9.60 BlkRkTCPCap TCPC12.9 cc 10.56 –0.42 .34 4.10 1.68 Cellectis CLLS ... dd 1.83 –0.27 ... 617.44 358.00 CreditAcceptance CACC ... 16 501.40 +6.85 ... 17.84 3.32 EHang EH ... dd 12.78 –2.52 ... 26.72 17.99 FirstFinBncpOH FFBC 4.5 8 20.39 –1.34 .23
0.15 0.01 bleuacaciaRt BLEUR ... ... .08 +0.02 ... 7.20 3.00 CentessaPharm CNTA ... dd 6.60 +0.92 ... 19.46 7.20 CredoTech CRDO ... dd 17.44 –0.59 ... 11.07 2.67 eHealth EHTH ... dd 8.40 –0.46 ... 47.26 25.01 FirstFinBkshs FFIN 2.7 17 27.06 –2.96 .18
12.80 9.92 BlockchainCoinIA BCSA ... cc 10.64 –0.01 ... 2.83 0.61 Centogene CNTG ... ... .80 +0.02 ... 18.20 12.55 CrescentCapBDC CCAP11.3 66 14.47 –0.03 .41 9.89 0.75 EigerBioPharma EIGR ... dd .86 –0.10 ... 49.90 31.00 FirstFinIN THFF 3.4 6 32.09 –2.21 .54
28.46 16.16 BloominBrands BLMN 3.7 22 25.76 –0.75 .24 45.89 35.60 CentralGarden CENT ... 18 37.74 –1.05 ... 17.15 9.93 CresceraCapA CREC ... cc 11.58 +0.28 ... 6.49 2.50 8x8 EGHT ... dd 3.66 –0.25 ... 15.89 9.70 FirstFinNW FFNW 4.7 8 11.16 +0.16 .13
28.80 7.14 BlueBird BLBD ... dd 21.14 –1.04 ... 43.17 33.69 CentralGardenA CENTA ... 17 35.48 –0.97 ... 9.59 4.09 Cresud CRESY .0 12 8.33 +0.85.1326 22.93 2.97 89bio ETNB ... dd 19.10 –0.91 ... 22.01 3.76 FirstFoundation FFWM 1.8 3 4.37 –0.52 .02
13.17 8.14 BlueFoundryBncp BLFY ... cc 10.13 –0.33 ... 12.97 5.27 CenturyAluminum CENX ... dd 8.78 –0.96 ... 17.89 5.91 Cricut CRCT .0 75 15.75 ... 1.00 13.00 8.15 ElPolloLoco LOCO .0 14 9.29 –0.64 1.50 26.27 11.37 FirstGuarBcshs FGBI 5.2 6 12.40 –0.27 .16
10.94 9.91 BlueOceanA BOCN ... 30 10.57 +0.02 ... 14.00 2.81 CenturyTherap IPSC ... dd 3.40 +0.20 ... 24.58 15.23 CrineticsPharm CRNX ... dd 18.51 –1.81 ... 244.80 162.01 ElbitSystems ESLT .9 33 210.61 +4.56 .50 28.28 15.08 FirstHawaiian FHB 5.9 8 17.66 –1.55 .26
10.85 9.90 BlueWorldA BWAQ ... 79 10.62 +0.02 ... 2.87 1.55 Ceragon CRNT ... dd 1.97 –0.05 ... 36.76 20.56 Criteo CRTO ... dd 33.13 –0.72 ... 135.85 108.53 ElectronicArts EA .6 44 125.25 –3.41 .19 40.12 9.68 FirstInternetBncp INBK 1.6 7 14.82 +0.14 .06
0.73 0.06 BlueWorldRt BWAQR ... ... .12 +0.02 ... 36.79 12.82 Cerence CRNC ... dd 28.25 –6.85 ... 10.82 9.83 CrixusBH3 A BHAC ... 38 10.36 +0.03 ... 5.89 0.72 ElevationOnc ELEV ... dd 1.52 +0.05 ... 46.34 21.03 FirstInterBanc FIBK 8.0 8 23.40 –2.12 .47
8.58 2.78 bluebirdbio BLUE ... dd 3.38 –0.43 ... 24.96 10.60 Certara CERT ... cc 17.51 +0.16 ... 151.32 46.08 Crocs CROX ... 11 106.01 –3.94 ... 24.39 4.60 ElicioTherap ELTX ... dd 10.13 –1.81 ... 45.04 24.52 FirstMerchants FRME 4.9 7 27.62 –1.13 .34
79.40 37.82 BlueprintMed BPMC ... dd 63.82 +2.51 ... 5.95 1.76 Cerus CERS ... dd 2.40 –0.17 ... 3.62 1.66 Cronos CRON ... dd 1.81 +0.10 ... 4.75 2.21 EliemTherap ELYM ... dd 2.34 –0.44 ... 39.60 21.77 FirstMidBcshs FMBH 3.6 7 25.33 +0.09 .23
2.72 1.18 BoltBiotherap BOLT ... dd 1.39 –0.29 ... 10.99 9.65 ChainBridgeIA CBRG ... 27 10.47 +0.07 ... 40.12 18.76 CrossCtyHlthcr CCRN ... 6 26.50 –1.56 ... 26.20 2.02 EmbarkTech EMBK ... dd 2.80 –0.03 ... 17.25 9.94 FirstNWBncp FNWB 2.6 6 10.98 –0.12 .07
2786.85 1616.85 Booking BKNG ... 26 2623.93 –17.06 ... 33.65 16.64 ChampionX CHX 1.2 32 28.35 +0.03 .085 14.79 9.29 CrossFirstBkshs CFB ... 8 10.22 –0.76 ... 36.64 22.30 Embecta EMBC 2.5 15 23.97 –1.02 .15 232.00 60.96 FirstSolar FSLR ... cc 184.52 –4.47 ...
34.46 10.76 BowmanConsult BWMN ... cc 30.56 –2.48 ... 5.73 0.77 ChargeEnt CRGE ... dd .95 +0.01 ... 205.73 92.25 CrowdStrike CRWD ... dd 143.65 –11.49 ... 11.69 9.96 EmbraceChange EMCG ... 93 10.57 +0.03 ... 59.94 38.77 1stSource SRCE 3.1 8 41.88 –3.38 .32
7.08 2.89 BraggGaming BRAG ... dd 3.10 –0.20 ... 496.37 297.66 CharterComms CHTR ... 11 326.28 –14.96 ... 5.10 0.40 CueHealth HLTH ... dd .44 –0.02 ... 0.92 0.08 EmbraceChangeRt EMCGR ... ... .16 +0.01 ... 20.94 12.56 FirstUnited FUNC 5.2 4 15.43 +0.13 .20
7.00 1.38 Brainsway BWAY ... dd 2.30 +0.07 ... 135.93 107.54 CheckPoint CHKP ... 19 126.06 –4.85 ... 15.89 7.78 CullinanOncology CGEM ... 10 12.42 –0.63 ... 3.65 0.64 Emcore EMKR ... dd .71 ... ... 18.95 12.75 FirstWatchRest FWRG ... 84 16.10 –0.39 ...
50.97 22.54 Braze BRZE ... dd 40.14 –2.29 ... 41.28 26.05 Cheesecake CAKE 3.3 34 32.35 –1.40 .27 2.91 1.50 CumberlandPharm CPIX ... dd 1.53 –0.15 ... 28.37 20.26 Enact ACT 2.6 6 24.83 –0.11 .14 30.70 13.00 FirstWesternFin MYFW ... 9 18.75 +0.25 ...
19.95 6.55 BridgeBioPharma BBIO ... dd 15.66 +0.65 ... 42.16 28.70 ChefsWarehouse CHEF ... 51 33.19 –0.15 ... 10.18 2.57 CumulusMedia CMLS ... dd 3.40 +0.30 ... 76.36 21.45 EnantaPharma ENTA ... dd 22.24 –1.88 ... 105.68 63.43 FirstCash FCFS 1.4 16 92.74 –1.08 .33
25.90 3.26 BridgerAerospace BAER ... dd 5.90 –0.82 ... 53.43 33.72 ChemungFinl CHMG 3.2 6 38.40 –0.95 .31 15.62 5.63 CureVac CVAC ... dd 12.25 +2.01 ... 72.73 42.50 EncoreCapital ECPG ... 41 46.91 –1.90 ... 2.02 0.63 FirsthandTechVal SVVC ... dd .66 –0.09 ...
15.50 10.71 BridgfordFoods BRID ... 2 11.75 +0.03 ... 10.89 9.98 ChengheAcqnA CHEA ... 78 10.65 ... ... 54.04 13.21 Cutera CUTR ... dd 14.74 –1.72 ... 206.74 94.39 EncoreWire WIRE .0 5 172.22 –1.85 .02 151.38 112.44 FirstService FSV .6 53 145.48 +0.99 .225
7.39 3.28 Brightcove BCOV ... dd 3.93 –0.19 ... 107.31 69.68 ChesapeakeEner CHK 2.7 2 80.59 –1.77 .63 19.94 5.75 CVRx CVRX ... dd 14.25 –0.69 ... 11.36 9.98 EnergemA ENCP ... cc 10.81 +0.02 ... 220.19 109.49 FiveBelow FIVE ... 42 198.44 +8.01 ...
60.54 38.38 BrighthouseFin BHF ... dd 44.11 –0.93 ... 16.80 12.91 ChicagoAtlRealEst REFI 12.5 8 15.05 –0.85 .47 165.18 113.19 CyberArkSoftware CYBR ... dd 153.17 +3.65 ... 27.66 17.32 EnergyRecovery ERII ... cc 26.79 –0.60 ... 21.12 2.47 5EAdvMatls FEAM ... dd 4.60 +0.28 ...
9.45 3.25 BrilliantEarthA BRLT ... cc 4.05 +0.04 ... 15.89 1.05 ChickenSoupA CSSE ... dd 1.12 –0.17 ... 11.22 2.33 CymaBayTherap CBAY ... dd 7.95 –0.22 ... 20.44 15.33 EnlightRenewableEn ENLT ... 77 18.31 –1.63 ... 120.39 46.61 Five9 FIVN ... dd 77.27 +0.65 ...
10.90 9.88 BroadCapital BRAC ... dd 10.70 –0.19 ... 13.02 2.42 ChijetMotor CJET ... 62 3.30 +0.46 ... 4.22 1.13 CyteirTherap CYT ... dd 1.90 –0.30 ... 25.34 4.28 EnlivenTherap ELVN ... 93 21.08 +0.51 ... 31.35 17.74 FiveStarBncp FSBC 3.0 8 21.83 –1.43 .20
0.33 0.06 BroadCapitalRt BRACR ... ... .11 ... ... 57.00 14.27 Children'sPlace PLCE ... dd 21.04 +0.89 ... 16.05 6.45 CytekBiosci CTKB ... dd 8.03 –0.32 ... 26.30 6.50 Enovix ENVX ... dd 13.79 –1.33 ... 27.32 13.63 Flex FLEX ... 15 26.39 –0.38 ...
921.78 415.07 Broadcom AVGO 2.2 26 822.15 –45.964.60 2.90 1.09 Chimerix CMRX ... 1 1.31 –0.11 ... 55.80 32.96 Cytokinetics CYTK ... dd 35.22 +0.38 ... 339.92 152.15 EnphaseEnergy ENPH ... 47 158.69 –23.12 ... 22.63 13.46 Flexsteel FLXS 3.2 23 18.85 +0.15 .15
15.50 7.00 BrooklineBcp BRKL 6.1 7 8.79 –0.57 .135 9.21 4.86 Chindata CD ... 22 7.23 –0.06 ... 3.02 1.17 CytomXTherap CTMX ... dd 1.54 –0.01 ... 102.26 71.72 EnsignGroup ENSG .3 22 90.91 –3.64.0575 29.55 8.11 FluenceEnergy FLNC ... dd 23.88 –2.15 ...
84.84 48.42 Bruker BRKR .3 35 72.83 –2.65 .05 38.48 17.00 ChinookTherap KDNY ... dd 38.30 +0.26 ... 271.39 169.04 Enstar ESGR ... dd 251.21 –7.76 ... 1.81 0.56 Fluent FLNT ... dd .60 –0.08 ...
D 114.47 61.75 Entegris ENTG .4 cc 103.54 –2.97 .10 23.20 9.28 FlushingFin FFIC 6.7 6 13.16 –1.08 .22
39.33 14.74 Bumble BMBL ... dd 17.18 –0.70 ... 32.42 17.50 ChipMOSTechs IMOS 4.6 12 25.41 –0.431.5007
3.60 0.95 BurgerFiIntl BFI ... dd 1.58 –0.23 ... 164.80 93.35 ChordEnergy CHRD 3.4 3 146.75 –4.92 1.97 2.94 1.08 DBV Tech DBVT ... dd 2.03 +0.06 ... 37.23 26.27 EnterpriseBncp EBTC 3.2 8 29.00 –1.76 .23 32.60 16.86 Flywire FLYW ... dd 31.26 +0.52 ...
4.24 1.70 BurningRockBio BNR ... dd 2.22 –0.28 ... 150.45 89.17 ChurchillDowns CHDN .3 18 130.63 –5.76 .357 46.75 14.42 DiceTherap DICE ... dd 46.70 +12.85 ... 56.35 36.16 EnterpriseFinSvcs EFSC 2.6 7 38.97 –3.14 .25 52.62 30.27 FocusFinPtrs FOCS ... 72 52.43 +0.04 ...
11.47 9.90 BurTechAcqnA BRKH ... cc 10.42 +0.02 ... 43.17 18.98 Chuy's CHUY ... 31 39.86 –0.22 ... 20.35 5.91 DISH Network DISH ... 2 6.02 –0.45 ... 10.65 9.95 Ent4.0TechAcqnA ENTF ... 54 10.64 +0.02 ... 10.60 9.94 FocusImpact FIAC ... 38 10.52 ... ...
25.03 13.05 BusFirstBcshs BFST 3.1 6 15.73 –1.42 .12 55.74 18.00 Cimpress CMPR ... dd 53.17 –0.76 ... 28.01 13.95 DMC Global BOOM ... 14 16.37 +0.50 ... 24.38 6.65 EntradaTherap TRDA ... dd 14.74 –0.11 ... 11.00 1.45 FocusUniversal FCUV ... dd 1.45 –0.15 ...
4.25 0.49 BuzzFeed BZFD ... dd .50 –0.14 ... 130.66 88.66 CincinnatiFinl CINF 3.1 cc 95.71 –5.19 .75 1.75 0.59 D-MarketElec HEPS ... dd 1.69 +0.27 ... 59.58 40.37 ePlus PLUS ... 12 53.69 –2.12 ... 18.12 4.51 FoghornTherap FHTX ... dd 8.65 –0.19 ...
11.63 9.91 byNordicAcqnA BYNO ... cc 10.59 ... ... 497.70 363.59 Cintas CTAS 1.0 39 482.59 –8.77 1.15 10.87 9.93 DPCapAcqnIA DPCS ... 64 10.52 +0.09 ... 7.66 4.76 EpsilonEnergy EPSN 4.9 4 5.12 –0.10.0625 10.90 9.99 ForbionEuroA FRBN ... cc 10.73 +0.04 ...
3.32 0.38 CipherMining CIFR ... dd 2.90 –0.15 ... 10.65 9.85 DuetAcqnA DUET ... cc 10.51 +0.01 ... 6.05 1.58 EQRx EQRX ... dd 1.89 +0.14 ... 41.00 18.15 FormFactor FORM ... cc 29.93 –0.37 ...
C 111.15 61.94 CirrusLogic CRUS ... 24 73.81 –3.33 ... 36.99 22.06 DXP Ents DXPE ... 13 36.20 +0.25 ... 3.20 0.48 Equillium EQ ... dd .71 –0.02 ... 110.42 60.29 FormulaSys FORTY 1.2 15 76.45 +0.45.6215
5.80 1.48 Cadiz CDZI ... dd 3.93 –0.37 ... 52.56 38.60 CiscoSystems CSCO 3.1 18 50.33 –1.74 .39 15.59 2.98 DadaNexus DADA ... dd 5.56 –1.01 ... 792.03 494.89 Equinix EQIX 1.8 84 746.11 –32.50 3.41 51.04 22.62 ForresterRes FORR ... 41 28.89 –0.90 ...
63.77 43.10 C&F Fin CFFI 3.3 6 53.65 –2.13 .44 35.24 14.21 CitiTrends CTRN ... 7 17.63 –0.57 ... 7.15 1.46 Daktronics DAKT ... dd 6.03 –0.70 ... 10.74 2.49 Erasca ERAS ... dd 2.68 –0.16 ... 74.77 42.61 Fortinet FTNT ... 59 71.59 –1.19 ...
24.98 17.20 CB FinSvcs CBFV 4.9 8 20.34 +0.89 .25 14.55 7.61 CtznCmntyBcp CZWI 3.3 5 8.75 –0.14 .29 8.49 3.73 DallasNews DALN17.0 dd 3.76 –0.21 .16 286.50 185.06 ErieIndemnity ERIE 2.3 35 211.10 –5.89 1.19 35.47 30.10 Fortrea FTREV ... ... 33.75 +3.65 ...
11.40 8.20 CCC Intelligent CCCS ... cc 10.86 –0.04 ... 18.38 11.85 CitizensHolding CIZN 5.3 8 12.17 –0.33 .16 120.75 61.34 Datadog DDOG ... dd 93.67 –2.08 ... 15.83 9.25 Escalade ESCA 4.3 18 13.80 +0.42 .15 11.80 10.09 FortuneRiseA FRLA ... cc 10.77 +0.01 ...
215.00 147.91 CDW CDW 1.3 22 177.40 –0.75 .59 103.00 77.38 CityHolding CHCO 2.9 13 90.28 –7.64 .65 47.29 29.60 Dave&Buster's PLAY ... 15 42.69 +2.54 ... 8.87 1.12 EsperionTherap ESPR ... dd 1.33 –0.09 ... 117.57 84.85 ForwardAir FWRD 1.0 14 99.47 –5.07 .24
39.20 20.52 CEVA CEVA ... dd 23.23 –2.54 ... 29.32 6.86 Clarus CLAR 1.2 dd 8.03 +0.01 .025 31.36 4.47 Dave DAVE ... dd 4.93 –0.77 ... 4.28 1.95 EtonPharm ETON ... dd 3.96 –0.01 ... 7.18 1.89 Fossil FOSL ... dd 2.50 +0.16 ...
11.52 9.88 CFAcqnVII A CFFS ... cc 10.54 +0.04 ... 11.36 9.80 CleanEarthA CLIN ... cc 10.43 +0.03 ... 2.28 1.08 DawsonGeophys DWSN ... dd 1.85 –0.04 ... 149.91 70.46 Etsy ETSY ... dd 88.93 –5.67 ... 15.96 9.00 FosterLB FSTR ... dd 13.60 +0.22 ...
13.24 2.76 C4 Therap CCCC ... dd 2.89 –0.48 ... 8.58 3.84 CleanEnerFuels CLNE ... dd 4.56 +0.15 ... 28.35 10.84 DayOneBiopharm DAWN ... dd 12.43 –0.82 ... 121.55 71.60 EuronetWorldwide EEFT ... 19 112.05 +0.19 ... 26.49 6.58 4D Molecular FDMT ... dd 18.20 –2.33 ...
121.23 86.60 CH Robinson CHRW 2.7 15 90.45 –4.17 .61 134.90 30.00 Clearfield CLFD ... 12 45.85 –3.79 ... 5.78 1.61 DecibelTherap DBTX ... dd 3.98 –0.27 ... 23.52 12.02 EuropeanWax EWCZ ... cc 18.00 +0.82 ... 37.26 28.02 FoxA FOXA 1.5 15 32.67 –0.97 .25
2.40 1.03 CLPS CLPS .0 dd 1.33 ... .05 1.86 0.90 ClearsideBiomed CLSD ... dd 1.25 –0.23 ... 22.76 12.14 DecipheraPharm DCPH ... dd 14.73 +0.30 ... 3.29 0.02 EveloBiosci EVLO ... dd .17 +0.05 ... 34.42 26.35 FoxB FOX 1.6 14 30.63 –0.87 .25
212.09 166.55 CME Group CME 2.4 23 181.67 –2.44 1.10 11.50 9.89 ClimateRockA CLRC ... dd 10.64 +0.04 ... 30.11 8.71 DefinitiveHlthcr DH ... dd 9.86 –0.94 ... 42.90 22.50 Everbridge EVBG ... dd 26.44 –0.57 ... 127.54 73.05 FoxFactory FOXF ... 21 97.51 +1.03 ...
28.50 16.43 CNB FinPA CCNE 3.9 6 17.77 –0.87 .175 55.70 24.65 ClimbGlbl CLMB 1.4 16 47.15 –0.09 .17 11.42 9.82 DenaliCapAcqnA DECA ... dd 10.69 +0.03 ... 13.47 5.87 EverCommerce EVCM ... dd 11.16 –0.13 ... 39.42 22.45 Franchise FRG 8.7 dd 28.80 –0.10 .625
21.50 6.97 CompassPath CMPS ... dd 7.86 +0.17 ... 3.55 0.71 CloverHealth CLOV ... dd .89 –0.02 ... 39.43 21.74 DenaliTherap DNLI ... dd 28.92 –2.12 ... 12.55 9.98 Evergreen EVGRU ... ... 10.00 –0.69 ... 102.01 69.00 FranklinElec FELE .9 24 97.90 –2.63 .225
45.95 14.95 CPI Card PMTS ... 7 23.93 –1.40 ... 54.53 29.91 CoastalFinl CCB ... 11 37.50 –2.49 ... 43.24 26.48 DentsplySirona XRAY 1.5 dd 38.44 –1.29 .14 11.47 9.95 EvergreenA EVGR ... 81 10.77 +0.07 ... 5.45 2.63 FreightCarAmer RAIL ... dd 2.70 –0.04 ...
128.10 81.69 CRA Intl CRAI 1.5 18 99.28 –1.41 .36 694.20 405.03 CocaColaCon COKE .3 14 654.07 –2.41 .50 82.02 60.68 DescartesSystems DSGX ... 61 76.50 –2.03 ... 71.58 54.12 Evergy EVRG 4.3 17 57.31 –2.00.6125 7.71 4.92 FrequencyElec FEIM .0 dd 6.45 –0.39 1.00
86.95 38.94 CRISPR Therap CRSP ... dd 56.03 –1.72 ... 66.79 41.80 Coca-ColaEuro CCEP 2.8 19 65.04 –0.31 .74 26.30 4.90 DesignTherap DSGN ... dd 5.68 +0.26 ... 18.86 5.23 EverQuote EVER ... dd 6.50 –0.72 ... 5.59 0.33 FrequencyTherap FREQ ... dd .34 –0.03 ...
66.58 47.04 CSG Systems CSGS 2.2 27 51.23 +0.55 .28 13.03 2.19 Codexis CDXS ... dd 2.80 –0.08 ... 7.57 3.27 DestinationXL DXLG ... 4 4.86 –0.15 ... 9.41 4.71 EverspinTech MRAM ... 34 8.19 –0.53 ... 73.48 36.02 Freshpet FRPT ... dd 61.85 –2.04 ...
14.98 6.68 CSP CSPI 1.2 18 13.65 –0.09 .04 25.95 16.00 CodorusValleyBncp CVLY 3.2 8 19.70 –0.41 .16 3.40 2.56 Deswell DSWL 7.5 21 2.68 ... .10 12.65 3.45 EVgo EVGO ... dd 3.68 –0.71 ... 18.14 11.47 FreshworksA FRSH ... dd 16.21 –0.51 ...
June 26, 2023 BARRON’S 51

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.
33.88 19.06 Frontdoor FTDR ... 28 30.93 –0.26 ... 24.23 17.31 HMN Fin HMNF 1.4 10 18.56 –0.44 .08 69.06 34.37 Immunocore IMCR ... dd 59.58 –0.84 ... 17.06 4.12 KalVistaPharm KALV ... dd 9.18 –0.47 ... 25.00 14.43 LoganRidgeFin LRFC 4.0 dd 20.10 +0.33 .22
30.83 14.50 FrontierComms FYBR ... 10 15.51 –2.06 ... 2.05 0.68 Hookipa HOOK ... dd .88 –0.16 ... 20.29 3.61 Immunogen IMGN ... dd 20.05 +1.61 ... 5.72 3.72 Kamada KMDA ... dd 5.40 +0.07 ... 68.17 41.81 LogitechIntl LOGI 1.7 25 55.80 –1.11.9781
15.25 7.61 Frontier ULCC ... 29 9.11 –0.59 ... 21.28 7.39 Hutchmed HCM ... dd 10.78 –3.13 ... 6.50 2.35 ImmunoPrecise IPA ... dd 3.18 +0.24 ... 4.27 2.00 KandiTech KNDI ... dd 4.00 –0.18 ... 10.29 2.70 LongboardPharm LBPH ... dd 8.18 –0.18 ...
5.50 1.77 FuelCell FCEL ... dd 2.18 –0.38 ... 53.52 24.38 H World HTHT ... dd 38.39 –4.61 ... 24.18 3.85 Immunovant IMVT ... dd 19.93 –0.16 ... 28.99 9.74 Kanzhun BZ ... cc 14.75 –2.48 ... 7.23 1.85 LoopIndustries LOOP ... dd 3.18 +0.05 ...
15.00 2.25 FulcrumTherap FULC ... dd 3.14 +0.14 ... 23.42 17.10 HackettGroup HCKT 2.1 17 21.05 –0.41 .11 3.90 1.47 Immutep IMMP ... dd 1.96 –0.14 ... 19.59 12.50 KaratPkg KRT .0 14 17.76 –0.53 .35 55.95 2.90 LordstownMotors RIDE ... 1 2.98 –1.21 ...
65.17 28.27 FulgentGenetics FLGT ... dd 37.04 –0.44 ... 25.48 11.73 HainCelestial HAIN ... dd 12.58 +0.29 ... 10.75 0.93 ImpelPharm IMPL ... dd 1.23 –0.11 ... 278.25 112.74 KarunaTherap KRTX ... dd 227.29 –10.13 ... 1.38 0.08 Lottery.com LTRY ... dd .22 –0.01 ...
18.91 9.64 FultonFin FULT 5.3 7 12.00 –0.87 .16 0.78 0.06 HainanManasRt HMACR ... ... .30 ... ... 144.90 52.30 Impinj PI ... dd 86.99 –12.00 ... 6.01 1.92 KaryopharmTherap KPTI ... dd 1.99 –0.05 ... 39.81 17.60 Lovesac LOVE ... 19 25.91 +2.11 ...
27.79 7.14 Funko FNKO ... dd 10.25 –2.30 ... 26.20 2.56 HallmarkFin HALL ... dd 4.85 +0.50 ... 86.94 52.59 InariMedical NARI ... dd 58.50 +0.16 ... 1.73 0.40 Katapult KPLT ... dd .82 –0.05 ... 3.64 1.11 LucidDiag LUCD ... dd 1.37 –0.22 ...
9.20 2.13 FusionFuelGreen HTOO ... dd 2.21 –0.03 ... 59.46 29.85 HalozymeTherap HALO ... 26 34.14 –0.84 ... 6.00 1.77 Incannex IXHL ... dd 1.89 +0.03 ... 12.51 6.58 KearnyFinancial KRNY 6.1 12 7.19 –0.34 .11 21.78 5.46 Lucid LCID ... dd 5.47 –1.01 ...
5.63 1.98 FusionPharm FUSN ... dd 4.49 +0.04 ... 81.23 55.81 HamiltonLane HLNE 2.4 25 75.61 –2.26.445 10.71 9.86 InceptionGrowth IGTA ... cc 10.36 +0.02 ... 22.56 13.41 KellyServices A KELYA 1.8 dd 16.63 –0.71 .075 13.50 1.90 Lulu'sFashion LVLU ... dd 3.14 +0.79 ...
72.20 28.00 Futu FUTU ... 12 38.99 –3.04 ... 57.00 31.02 HancockWhitney HWC 3.2 6 37.41 –2.78 .30 0.18 0.07 InceptionGrowthRt IGTAR ... ... .13 –0.01 ... 26.64 13.64 KellyServices B KELYB 1.8 dd 16.91 –1.29 .075 389.06 258.79 lululemon LULU ... 50 374.25 –8.77 ...
12.12 9.98 FutureTechIIA FTII ... cc 10.69 +0.04 ... 27.35 13.35 HanmiFinancial HAFC 6.6 5 15.21 –0.98 .25 86.29 60.61 Incyte INCY ... 43 62.45 –0.78 ... 8.15 5.48 KY FirstFedBncp KFFB 6.2 48 6.43 ... .10 96.46 42.00 Lumentum LITE ... dd 55.29 –2.51 ...
G 21.22 17.37 HanoverBancorp HNVR 2.2 7 18.00 +0.56 .10 91.65 43.28 IndependentBank INDB 4.8 8 45.41 –3.88 .55 59.96 25.30 KerosTherap KROS ... dd 41.48 +3.69 ... 11.35 3.91 LuminarTech LAZR ... dd 6.27 –0.60 ...
15.57 7.51 HarborOneBncp HONE 3.3 10 9.13 –0.14 .075 24.97 14.90 IndepBankMI IBCP 5.2 6 17.81 –0.10 .23 41.31 30.70 KeurigDrPepper KDP 2.6 34 31.18 –0.99 .20 3.18 0.33 LumiraDx LMDX ... dd .51 +0.14 ...
9.48 6.56 GCM Grosvenor GCMG 5.9 65 7.33 +0.23 .11 18.43 8.29 Harmonic HLIT ... 54 16.65 –1.34 ... 76.00 28.81 IndependentBank IBTX 4.3 14 35.25 –3.55 .38 20.48 13.78 KewauneeSci KEQU ... dd 16.94 +0.03 ... 9.56 2.95 LumosPharma LUMO ... dd 3.76 –0.62 ...
8.50 3.10 GDEV GDEV ... 13 6.93 +0.01 ... 62.09 29.81 HarmonyBio HRMY ... 12 36.03 –0.24 ... 26.50 15.00 Indivior INDV ... dd 22.80 +0.12 ... 7.53 4.00 KeyTronic KTCC ... 12 5.56 –0.06 ... 13.82 7.82 LutherBurbank LBC 5.3 7 9.07 –0.45 .12
35.62 8.41 GDS Holdings GDS ... dd 11.38 –1.96 ... 3.35 0.54 HarpoonTherap HARP ... dd .64 –0.07 ... 14.60 1.65 IndLogistics ILPT 1.4 dd 2.86 –0.01 .01 10.84 9.75 KeyarchAcqn KYCH ... 73 10.44 ... ... 8.74 1.77 LyellImmuno LYEL ... dd 3.26 +0.07 ...
87.83 53.00 GE HealthCare GEHC .2 ... 79.82 +1.17 .03 28.25 6.45 HarrowHealth HROW ... dd 18.52 –0.16 ... 7.80 4.26 Infinera INFN ... dd 4.52 –0.55 ... 0.18 ... KeyarchAcqnRt KYCHR ... ... .10 ... ... 21.52 7.85 Lyft LYFT ... dd 10.10 –0.16 ...
17.41 5.70 GH Research GHRS ... dd 11.99 +0.46 ... 17.88 5.00 Harte-Hanks HHS ... 1 5.54 –0.56 ... 1.76 0.12 InfinityPharm INFI ... dd .22 –0.02 ... 11.02 2.25 KezarLifeSci KZR ... dd 2.38 –0.14 ... 6.99 1.86 LyraTherap LYRA ... dd 4.33 +1.30 ...
25.23 11.60 G-IIIApparel GIII ... dd 19.37 –0.17 ... 6.29 1.98 HarvardBioSci HBIO ... dd 5.94 +0.55 ... 7.25 0.78 InflaRx IFRX ... dd 4.57 –0.08 ... 67.18 49.35 Kforce KFRC 2.4 17 59.46 –1.84 .36
17.49 2.38 G1Therapeutics GTHX ... dd 2.58 –0.23 ... M
86.50 45.75 Hasbro HAS 4.7 70 60.00 –1.45 .70 7.76 4.15 InfoSvcs III 3.2 15 5.61 –0.24.045 28.18 17.10 KimballElec KE ... 14 26.26 –1.01 ...
68.30 36.08 GRAVITY GRVY ... 7 68.01 +4.33 ... 44.34 21.50 HashiCorp HCP ... dd 26.27 –2.29 ... 102.99 78.32 InglesMarkets IMKTA .8 6 83.61 –0.89 .165 10.13 1.77 KingsoftCloud KC ... dd 5.53 –0.76 ... 76.56 42.85 Macom Tech MTSI ... 13 59.28 –1.62 ...
9.80 1.45 GSI Tech GSIT ... dd 6.59 –1.96 ... 17.39 7.34 HawaiianHoldings HA ... dd 9.71 –0.12 ... 34.72 10.33 Inhibrx INBX ... dd 26.22 +0.02 ... 17.20 9.58 KiniksaPharm KNSA ... 6 15.46 –0.10 ... 86.27 61.67 MGE Energy MGEE 2.1 26 75.87 –3.10.4075
11.15 6.61 GSRIIMeteoraA GSRM ... dd 6.95 –3.42 ... 52.03 33.31 Hawkins HWKN 1.3 16 46.57 –2.35 .15 41.84 21.81 InMode INMD ... 18 35.97 –1.02 ... 15.86 2.32 KinnateBio KNTE ... dd 3.17 –0.23 ... 125.74 90.69 MGP Ingredients MGPI .5 21 98.23 –4.40 .12
3.18 0.50 GSRIIMeteoraRt GSRMR ... ... 2.93 +1.28 ... 25.58 16.70 HawthornBcsh HWBK 3.6 7 18.35 +0.08 .17 3.97 1.90 InnatePharma IPHA ... dd 3.17 –0.31 ... 7.19 2.55 Kirkland's KIRK ... dd 2.82 –0.14 ... 123.93 64.77 MKS Instrum MKSI .9 39 101.19 –3.99 .22
4.67 2.05 Gaia GAIA ... dd 2.44 –0.03 ... 60.85 29.00 HaynesIntl HAYN 1.9 11 46.71 –4.84 .22 14.22 2.78 Innodata INOD ... dd 10.50 –1.44 ... 3.90 0.36 Knightscope KSCP ... dd .39 –0.13 ... 3.02 0.33 MSP Recovery LIFW ... dd .42 –0.06 ...
6.19 2.80 GainTherap GANX ... dd 4.50 –0.55 ... 18.30 6.40 HealthCatalyst HCAT ... dd 11.56 –0.61 ... 116.00 83.13 Innospec IOSP 1.4 19 97.05 –4.02 .69 12.80 4.25 KodiakSciences KOD ... dd 7.24 –1.76 ... 140.14 76.97 MYR Group MYRG ... 26 132.99 –0.11 ...
58.04 36.17 Galapagos GLPG ... dd 41.00 –1.40 ... 11.05 9.89 HealthcareAI A HAIA ... 59 10.57 –0.05 ... 8.15 3.39 InnovAge INNV ... dd 7.39 +0.17 ... 37.53 16.19 KornitDigital KRNT ... dd 29.67 –1.46 ... 11.84 6.96 Macatawa MCBC 3.5 8 9.25 –0.32 .08
2.95 1.04 Galecto GLTO ... dd 2.56 –0.28 ... 18.74 11.55 HealthcareSvcs HCSG .0 30 14.40 –0.13 .215 11.78 10.01 InnovativeIntlA IOAC ... dd 10.90 –0.03 ... 42.80 32.73 KraftHeinz KHC 4.5 18 35.91 –1.08 .40 7.90 2.90 Macrogenics MGNX ... dd 5.74 –0.38 ...
3.59 1.12 GaleraTherap GRTX ... dd 2.74 –0.32 ... 79.20 48.86 HealthEquity HQY ... dd 59.89 –2.60 ... 9.60 5.77 InnovSolSuprt ISSC ... 24 7.00 –0.29 ... 16.23 8.90 KratosDefense KTOS ... dd 13.87 +0.15 ... 322.67 57.21 MadrigalPharm MDGL ... dd 237.67 –6.42 ...
11.49 6.62 Gambling.com GAMB ... 86 9.87 +0.15 ... 27.69 20.51 HealthStream HSTM .4 62 23.93 –0.77 .025 16.06 10.21 KrispyKreme DNUT 1.0 dd 14.28 –0.13 .035 2.24 0.32 MagentaTherap MGTA ... dd .65 ... ...
15.44 10.64 Innoviva INVA ... 6 12.63 –0.43 ...
3.66 0.56 GamidaCell GMDA ... dd 1.85 –0.10 ... 18.17 13.43 HeartlandExp HTLD .5 10 15.70 –0.59 .02 5.74 1.20 KronosBio KRON ... dd 1.55 –0.09 ... 20.24 11.20 MagicSoftware MGIC 4.5 17 13.46 –0.60 .30
32.01 9.88 Inogen INGN ... dd 11.60 +0.98 ...
55.13 43.46 Gaming&Leisure GLPI 6.1 16 47.22 –2.61 .72 51.61 26.10 HeartlandFinUSA HTLF 4.3 6 27.93 –2.59 .30 131.80 61.11 KrystalBiotech KRYS ... dd 119.50 –1.94 ... 14.21 5.59 Magnite MGNI ... dd 13.30 –0.45 ...
2.82 0.43 InovioPharm INO ... dd .43 –0.05 ...
12.02 9.92 GardinerHlthcr GDNR ... dd 10.90 +0.10 ... 35.15 22.79 Heidrick&Strug HSII 2.3 7 26.36 –0.06 .15 59.41 35.95 Kulicke&Soffa KLIC 1.4 15 55.75 –2.39 .19 13.45 9.64 MagyarBancorp MGYR 1.2 8 10.34 –0.67 .03
7.24 0.99 InozymePharma INZY ... dd 5.51 –0.04 ...
8.68 5.57 GarrettMotion GTX ... 10 7.36 –0.24 ... 172.45 81.14 HelenofTroy HELE ... 16 98.14 +0.46 ... 19.93 9.49 KuraOncology KURA ... dd 10.91 +0.15 ... 34.68 22.50 MakeMyTrip MMYT ... dd 27.05 +0.33 ...
3.22 0.47 Inseego INSG ... dd .66 –0.17 ...
26.83 15.45 GenDigital GEN 2.8 8 17.71 –0.92 .125 11.54 4.10 HelloGroup MOMO .0 8 9.28 –0.51 .70 96.60 37.97 KuraSushiUSA KRUS ... dd 86.43 +1.97 ... 70.87 46.30 MalibuBoats MBUU ... 7 56.25 –1.57 ...
10.71 9.81 InsightAcqnA INAQ ... 32 10.38 –0.02 ...
81.84 5.73 GeneDx WGS ... dd 6.13 –0.58 ... 10.93 6.75 HennessyAdvsrs HNNA 7.6 11 7.26 +0.14.1375 39.85 18.37 KymeraTherap KYMR ... dd 22.97 –2.89 ... 18.45 14.06 MalvernBancorp MLVF ... 17 15.55 –0.80 ...
147.15 81.11 InsightEnt NSIT ... 19 142.34 –1.67 ...
8.72 3.15 GenerationBio GBIO ... dd 5.67 +0.58 ... 10.60 9.60 HennessyCapVI HCVI ... 47 10.25 +0.01 ... 8.79 2.02 MammothEnergy TUSK ... 10 4.69 +0.23 ...
28.94 16.04 Insmed INSM ... dd 19.96 –0.04 ... L
27.37 10.00 GenesisGrowthA GGAA ... cc 11.81 +0.20 ... 89.72 64.75 HenrySchein HSIC ... 23 78.90 +0.88 ... 194.80 106.02 ManhattanAssoc MANH ... 86 187.93 –3.88 ...
5.69 0.69 Inspirato ISPO ... dd .97 –0.08 ...
11.42 9.98 GenesisUnicorn GENQU ... ... 10.84 +0.04 ... 14.87 6.69 HeritageCommerce HTBK 6.3 7 8.26 –0.18 .13 11.47 9.41 LamfGlbI A LGVC ... 75 10.50 +0.03 ... 27.99 11.91 Mannatech MTEX 6.3 dd 12.79 +0.14 .20
7.71 0.47 InstilBio TIL ... dd .53 –0.02 ...
11.49 9.92 GenesisUnicornA GENQ ... dd 10.72 ... ... 38.85 25.01 HeritageCrystal HCCI ... 10 36.07 –0.72 ... 7.38 1.37 LavaTherap LVTX ... dd 2.15 +0.09 ... 5.73 2.91 MannKind MNKD ... dd 3.93 –0.16 ...
335.91 208.54 Insulet PODD ... cc 287.85 +3.35 ...
1.75 0.73 Genetron GTH ... ... .95 +0.01 ... 34.34 14.85 HeritageFin HFWA 5.5 7 16.10 –1.34 .22 10.70 9.97 LFCapAcqnIIA LFAC ... cc 10.65 –0.02 ... 30.44 11.59 MaravaiLifeSci MRVI ... 11 13.07 –0.71 ...
50.46 13.54 Intapp INTA ... dd 47.23 –0.84 ...
5.05 3.11 Genfit GNFT ... dd 4.20 –0.37 ... 22.46 14.49 HertzGlobal HTZ ... 6 17.45 –0.37 ... 134.53 74.61 LGI Homes LGIH ... 11 128.78 –1.79 ... 11.01 9.88 MarblegateAcqn GATE ... dd 10.38 +0.02 ...
60.69 37.36 IntegraLifeSci IART ... 19 39.55 –1.89 ...
47.50 31.03 Genmab GMAB ... 33 38.38 –0.39 ... 30.36 7.35 Hesai HSAI ... dd 9.98 –0.45 ... 59.33 46.20 LKQ LKQ 2.0 13 54.42 +0.19 .275 2.30 1.23 Marchex MCHX ... dd 2.17 +0.05 ...
11.12 9.88 IntegralAcqn1 INTE ... cc 10.50 +0.08 ...
30.41 23.28 Gentex GNTX 1.7 20 27.54 –0.58 .12 75.38 34.86 Hibbett HIBB 2.8 4 36.29 –1.95 .25 271.56 169.68 LPL Financial LPLA .6 16 208.24 –0.74 .30 2.38 0.56 MarinSoftware MRIN ... dd .64 –0.06 ...
19.66 6.63 IntegralAd IAS ... cc 18.16 +0.52 ...
76.13 49.45 Gentherm THRM ... 90 55.37 –3.72 ... 30.15 11.96 HighPeakEner HPK .8 5 12.29 –1.86 .025 16.00 5.50 LSI Inds LYTS 1.6 16 12.35 +0.39 .05 11.15 3.47 MarinusPharm MRNS ... dd 10.02 +0.37 ...
40.73 24.59 Intel INTC 1.5 dd 33.00 –3.37 .125
9.16 3.76 GeospaceTech GEOS ... dd 7.12 –0.70 ... 24.42 9.59 HilleVax HLVX ... dd 16.54 –0.20 ... 14.45 9.61 LakeShoreBancorp LSBK 6.8 10 10.55 –0.54 .18 399.78 217.44 MarketAxess MKTX 1.1 38 263.00 –14.15 .72
76.45 32.44 IntelliaTherap NTLA ... dd 40.98 –3.93 ...
40.70 26.03 GermanAmBncp GABC 3.6 9 27.76 –1.54 .25 10.65 6.60 HillmanSolns HLMN ... dd 8.29 –0.73 ... 20.02 11.89 LakelandBcp LBAI 4.2 8 13.68 –1.05 .145 4.17 1.45 MarketWise MKTW 1.6 5 2.54 +0.09 .01
3.37 1.76 Intellicheck IDN ... dd 2.61 +0.05 ...
3.84 1.33 Geron GERN ... dd 3.16 +0.16 ... 9.66 4.81 HimaxTechs HIMX 6.7 9 7.03 –0.49 .48 83.57 43.05 LakelandFin LKFN 3.7 12 49.56 –4.43 .46 11.28 3.46 Marqeta MQ ... dd 4.86 –0.05 ...
4.63 1.37 Inter INTR ... ... 3.27 +0.10 ...
60.54 36.58 GibraltarInds ROCK ... 21 58.10 –0.02 ... 335.53 173.51 HinghamSvg HIFS 1.2 13 202.09 –13.75 .63 16.46 10.60 LakelandInd LAKE .8 53 14.52 +0.52 .03 183.33 133.07 Marriott MAR 1.2 20 171.45 –4.91 .52
161.17 68.86 InterParfums IPAR 1.9 31 134.00 –3.79 .625
62.00 4.14 GigaCloudTech GCT ... 9 7.79 –0.29 ... 20.43 13.70 HollysysAuto HOLI ... 10 16.78 –0.26 ... 11.76 9.89 LakeshoreAcqnII LBBB ... 86 10.59 –0.01 ... 11.00 10.15 MarsAcqn MARX ... ... 10.40 ... ...
90.19 52.43 InteractiveBrkrs IBKR .5 18 80.01 –0.27 .10
11.25 10.01 GigCapital5 GIA ... dd 10.63 +0.04 ... 87.88 59.78 Hologic HOLX ... 27 81.46 +0.26 ... 0.35 0.05 LakeshoreII Rt LBBBR ... ... .21 –0.05 ... 23.43 16.13 MartenTransport MRTN 1.2 16 20.84 –0.83 .06
8.50 3.07 InteractStrength TRNR ... ... 3.37 –0.52 ...
7.33 4.51 GilatSatellite GILT ... cc 5.71 –0.24 ... 43.45 27.75 HomeBancorp HBCP 2.9 7 34.07 +0.58 .25 644.60 299.59 LamResearch LRCX 1.1 17 608.76 –3.891.725 4.75 1.95 MartinMidstream MMLP 1.0 dd 2.05 –0.20.005
21.86 8.82 InterceptPharm ICPT ... 2 11.74 –0.06 ...
89.74 59.27 GileadSciences GILD 3.9 18 77.47 –1.39 .75 4.10 0.99 HomePtCap HMPT ... dd 2.31 ... ... 111.49 81.10 LamarAdv LAMR 5.4 22 92.41 –4.09 1.25 67.99 33.75 MarvellTech MRVL .4 dd 57.82 –3.30 .06
6.57 1.73 Intercure INCR ... 9 1.92 –0.21 ...
70.96 26.24 GitLab GTLB ... dd 48.66 –2.58 ... 39.70 4.76 HomeStreet HMST 6.6 2 6.03 –0.53 .10 220.65 126.82 LancasterColony LANC 1.7 42 200.33 +14.29 .85 198.00 108.89 Masimo MASI ... 74 162.00 +0.53 ...
93.32 40.23 InterDigital IDCC 1.5 15 91.07 –0.55 .35
11.19 8.21 GladstoneCap GLAD10.2 20 9.43 –0.35 .08 30.79 18.02 HomeTrustBcshs HTBI 1.9 9 21.44 –0.91 .10 25.90 19.15 LandmarkBncp LARK 3.8 11 21.95 –0.40 .21 35.29 18.49 MasterCraftBoat MCFT ... 9 28.78 –0.82 ...
14.85 6.51 Interface TILE .5 cc 8.31 –0.12 .01
21.15 10.84 GladstoneComm GOOD10.1 dd 11.84 –1.22 .10 3.30 0.86 HomologyMed FIXX ... dd .89 –0.19 ... 189.90 137.51 LandstarSystem LSTR .6 18 185.99 –1.99 .30 79.37 30.73 MatchGroup MTCH ... 40 41.24 –1.01 ...
53.71 38.58 IntlBcshs IBOC 2.9 8 43.20 –3.12 .63
15.86 11.40 GladstoneInvt GAIN 7.6 12 12.61 –0.48 .08 4.51 1.40 Honest HNST ... dd 1.73 +0.04 ... 100.85 47.46 Lantheus LNTH ... dd 92.52 +4.25 ... 15.07 7.30 Materialise MTLS ... cc 8.39 +0.72 ...
7.54 3.57 Intevac IVAC ... dd 3.60 –0.11 ...
27.45 14.95 GladstoneLand LAND 3.5 dd 15.94 –1.30.046 220.96 166.63 Honeywell HON 2.1 26 200.09 –2.88 1.03 10.80 2.63 LanzaTechGlobal LNZA ... dd 6.40 +1.10 ... 9.52 3.31 MatrixService MTRX ... dd 5.56 +0.01 ...
67.05 42.01 Intra-Cellular ITCI ... dd 63.79 –0.16 ...
11.19 9.78 GlblBlockchain GBBK ... 94 10.44 +0.01 ... 22.10 12.90 HookerFurnishings HOFT 4.9 dd 17.82 –0.10 .22 7.91 3.60 Largo LGO ... dd 4.02 –0.56 ... 24.38 15.36 Mattel MAT ... 25 18.07 –0.19 ...
490.83 352.63 Intuit INTU .7 57 452.69 –2.34 .78
0.55 0.04 GlbBlockchainRt GBBKR ... ... .12 +0.03 ... 15.73 7.42 HopeBancorp HOPE 6.8 5 8.20 –0.68 .14 6.85 1.53 LarimarTherap LRMR ... dd 3.31 +0.01 ... 7.45 2.20 Matterport MTTR ... dd 2.87 –0.39 ...
136.00 6.60 IntuitiveMachinesA LUNR ... dd 8.46 –1.37 ...
39.00 18.14 Global-EOnline GLBE ... dd 37.02 –1.07 ... 20.64 7.69 HorizonBancorp HBNC 6.1 5 10.46 –0.63 .16 11.42 9.97 LatAmGrowthA LATG ... 35 10.65 +0.03 ... 42.15 22.12 MatthewsIntl MATW 2.3 dd 39.80 –1.71 .23
333.14 180.07 IntuitiveSurgical ISRG ... 90 327.26 –2.10 ...
11.00 10.00 GlobalStarA GLST ... cc 10.46 ... ... 10.84 10.10 HorizonSpaceI HSPO ... ... 10.39 +0.02 ... 1.47 0.49 Latch LTCH ... dd 1.34 +0.30 ... 7.50 3.57 MaxCyte MXCT ... dd 4.68 –0.21 ...
11.75 2.22 Inventiva IVA ... dd 4.25 –0.63 ...
0.38 0.08 GlobalStarRt GLSTR ... ... .13 –0.03 ... 13.96 9.67 HorizonTechFin HRZN11.3 13 11.66 –0.17 .11 8.15 2.12 Latham SWIM ... dd 3.21 –0.14 ... 38.91 10.01 MaxeonSolar MAXN ... dd 26.11 –1.78 ...
23.72 10.71 Investar ISTR 3.4 4 11.71 +0.40 .10
15.00 10.44 GlobalWaterRscs GWRS 2.3 43 12.96 +0.54.0248 113.83 57.84 HorizonTherap HZNP ... 65 102.56 +0.93 ... 96.82 43.41 LatticeSemi LSCC ... 60 85.35 –3.31 ... 43.66 23.05 MaxLinear MXL ... 23 28.94 –1.70 ...
5.00 3.18 InvestcpCredit ICMB14.1 dd 3.68 –0.09 .05 13.07 9.24 LaureateEduc LAUR .0 24 11.62 –0.14 .68 111.70 73.49 McGrathRent MGRC 2.0 21 91.81 –2.83 .465
72.50 36.81 GlobalFoundries GFS ... 21 57.69 –4.77 ... 19.76 14.51 HostHotels HST 3.7 14 16.24 –0.81 .15 11.39 9.98 InvestcorpEur I A IVCB ... 24 10.65 +0.01 ...
11.59 9.91 GlobalinkInvt GLLI ... cc 10.56 ... ... 3.10 0.35 HubCyberSecurity HUBC ... ... .51 –0.04 ... 15.82 4.72 Lavoro LVRO ... 25 5.96 –0.06 ... 9.35 5.42 MedallionFin MFIN 4.3 3 7.36 –0.23 .08
11.11 9.95 InvestcorpIndiaA IVCA ... 39 10.67 +0.04 ... 23.51 10.09 LeeEnterprises LEE ... dd 13.47 –0.19 ... 2.73 1.89 MediciNova MNOV ... dd 2.33 –0.02 ...
0.26 0.01 GlobalinkInvtRt GLLIR ... ... .08 –0.05 ... 104.67 67.36 HubGroup HUBG ... 8 76.54 –3.62 ... 168.98 125.80 InvestorsTitle ITIC 1.4 13 131.99 –5.01 .46
4.16 0.53 GlycoMimetics GLYC ... dd 1.87 –0.01 ... 11.70 10.01 HudsonAcqnI HUDA ... dd 10.34 –0.01 ... 23.33 11.96 LegacyHousing LEGH ... 8 22.27 +1.24 ... 15.72 8.05 MediWound MDWD ... dd 10.40 +0.28 ...
4.90 0.98 Invivyd IVVD ... dd 1.07 –0.16 ... 13.94 6.89 LegalZoom LZ ... dd 12.16 –0.29 ... 241.48 141.30 Medpace MEDP ... 28 223.39 +1.57 ...
19.29 11.57 Gogo GOGO ... 24 16.59 –0.05 ... 1.35 0.14 HudsonAcqnIRt HUDAR ... ... .18 +0.02 ... 48.82 32.69 IonisPharm IONS ... dd 39.64 –1.38 ...
7.90 2.83 Gogoro GGR ... dd 3.19 +0.01 ... 38.00 17.88 HudsonGlobal HSON ... 15 20.78 –1.40 ... 75.45 37.30 LegendBiotech LEGN ... ... 74.28 +4.21 ... 45.49 2.60 MeihuaIntlMed MHUA ... 10 2.79 +0.08 ...
13.44 5.28 IovanceBiotherap IOVA ... dd 8.07 –0.05 ... 68.67 41.78 LeMaitreVascular LMAT .8 73 68.21 +1.35 .14 11.58 4.77 MeiraGTx MGTX ... dd 7.04 –0.47 ...
30.66 19.80 GolarLNG GLNG 4.9 ... 20.28 –1.32 .25 2.08 0.45 HuizeHolding HUIZ ... dd 1.29 +0.10 ... 7.99 1.65 iQIYI IQ ... cc 5.00 –0.50 ...
46.15 32.53 GoldenEnt GDEN ... 22 40.65 –1.97 ... 5.60 1.96 Humacyte HUMA ... dd 2.98 –0.24 ... 53.69 16.02 LendingTree TREE ... dd 21.68 +0.05 ... 14.46 4.70 MelcoResorts MLCO ... dd 12.86 +0.34 ...
164.69 85.74 iRhythmTechs IRTC ... dd 98.91 –2.64 ... 17.50 7.51 LeonardoDRS DRS ... 7 16.47 –0.47 ... 1365.64 611.46 MercadoLibre MELI ... cc 1226.49 +31.75 ...
12.26 6.99 GoldenOcean GOGL16.2 5 7.70 –0.14 .10 200.64 154.04 JBHunt JBHT 1.0 20 175.18 –1.50 .42 3.49 1.76 Iridex IRIX ... dd 2.23 +0.22 ...
14.42 11.94 GolubCapital GBDC10.0 21 13.16 –0.25 .33 15.74 9.13 HuntingtonBcshs HBAN 6.1 7 10.21 –0.71 .155 5.99 3.02 LesakaTech LSAK ... dd 3.66 –0.05 ... 39.03 23.89 MercantileBank MBWM 4.8 6 27.57 –1.89 .33
68.34 36.42 IridiumComm IRDM .8 cc 61.71 +1.40 .13 17.13 9.03 Leslie's LESL ... 15 9.39 –0.65 ... 11.16 9.91 MercatoPtrsA MPRA ... cc 10.51 ... ...
10.37 3.82 GoodRx GDRX ... dd 5.46 –0.26 ... 30.41 20.93 Hurco HURC 3.0 32 21.09 –0.66 .16 6.94 1.02 IrisEnergy IREN ... ... 4.60 +1.18 ...
15.69 9.66 Goodyear GT ... cc 13.10 –0.47 ... 87.44 59.05 HuronConsulting HURN ... 28 83.98 –0.69 ... 3.79 1.71 LexiconPharm LXRX ... dd 2.37 –0.05 ... 17.50 8.02 MercerIntl MERC 3.7 4 8.08 –1.09 .075
60.25 31.37 iRobot IRBT ... dd 43.37 –7.63 ... 3.86 1.26 LexinFintech LX ... 3 2.25 –0.20 ... 65.42 34.13 MercurySystems MRCY ... dd 34.87 –3.79 ...
71.04 29.23 GooseheadIns GSHD ... cc 61.20 –0.55 ... 3.70 0.78 Hut8Mining HUT ... dd 2.93 +0.63 ... 12.66 9.73 IronwoodPharm IRWD ... 11 10.93 –0.05 ...
6.91 3.81 GoPro GPRO ... dd 4.12 –0.08 ... 5.01 0.87 Hydrofarm HYFM ... dd .94 –0.09 ... 41.49 12.52 LiAuto LI ... dd 33.22 –1.19 ... 17.38 7.80 Meridian MRBK 5.1 6 9.72 –0.40 .125
11.25 10.13 IsraelAcqns ISRL ... ... 10.41 –0.04 ... 3.25 1.07 LianBio LIAN ... dd 2.41 –0.08 ... 85.62 50.46 MeritMedical MMSI ... 56 82.17 –1.11 ...
10.76 9.61 GoresIX A GHIX ... 65 10.22 +0.01 ... 2.78 0.68 Hyperfine HYPR ... dd 2.22 +0.12 ... 28.05 12.52 iTeosTherap ITOS ... 49 13.73 –0.43 ...
15.20 0.91 GossamerBio GOSS ... dd 1.35 –0.09 ... 7.80 4.93 Hywin HYW ... 5 6.67 +0.24 ... 123.74 68.15 LibertyBroadbandA LBRDA ... 11 70.34 –5.93 ... 13.66 3.00 MerrimackPharm MACK ... dd 12.36 –0.10 ...
73.67 39.38 Itron ITRI ... dd 68.13 –4.08 ... 124.81 68.67 LibertyBroadbandC LBRDK ... 11 70.76 –5.84 ... 9.62 2.98 MersanaTherap MRSN ... dd 3.08 –0.39 ...
4.03 2.19 Grab GRAB ... dd 3.20 –0.22 ... 4.53 0.45 HyzonMotors HYZN ... dd .89 +0.19 ... 27.52 20.35 IturanLocation ITRN 2.4 12 23.99 –1.42 .15
6.99 1.40 GracellBiotech GRCL ... dd 4.22 –0.69 ... 22.82 15.22 LibertyGlobal A LBTYA ... dd 16.59 –0.64 ... 30.81 12.03 Merus MRUS ... dd 25.75 –0.40 ...
I J 23.91 16.16 LibertyGlobal C LBTYK ... dd 17.39 –0.71 ... 3.82 1.03 MesaAir MESA ... dd 2.24 –0.33 ...
124.53 78.37 GrandCanyonEduc LOPE ... 17 101.11 –1.86 ...
4.48 1.59 GraphiteBio GRPH ... dd 2.66 –0.11 ... 85.04 41.52 IAC IAC ... dd 61.22 –1.73 ... 27.87 11.97 JakksPacific JAKK ... 2 19.92 –1.43 ... 10.01 5.90 LibertyLatAmA LILA ... dd 8.17 –0.25 ... 216.41 114.21 MesaLab MLAB .5 cc 127.10 –8.45 .16
14.50 7.51 GreatElmCap GECC18.4 dd 7.61 +0.03 .35 31.40 14.85 IBEX IBEX ... 17 20.90 –0.58 ... 165.90 127.80 J&JSnackFoods JJSF 1.8 65 156.12 +0.44 .70 9.98 5.88 LibertyLatAmC LILAK ... dd 8.08 –0.24 ... 4.62 2.14 Mesoblast MESO ... dd 4.03 +0.04 ...
2.49 1.82 GreatElm GEG ... 3 2.06 +0.01 ... 128.70 89.60 ICF Intl ICFI .5 37 121.89 –2.21 .14 68.29 31.57 JD.com JD 1.7 19 34.87 –4.98 .62 72.09 45.01 LibertyFormOne A FWONA ... 37 67.65 –2.67 ... 289.67 88.09 MetaPlatforms META ... 36 288.73 +7.73 ...
13.87 4.75 GreatLakesDredge GLDD ... dd 7.59 +0.11 ... 212.43 128.90 ICU Medical ICUI ... dd 176.31 –12.63 ... 11.55 0.91 Joann JOAN48.3 dd .91 –0.11 .11 80.13 50.00 LibertyFormOne C FWONK ... 42 75.56 –2.53 ... 11.00 9.85 MetalSkyStar MSSA ... ... 10.70 –0.01 ...
64.16 45.39 GreatSouthernBncp GSBC 3.2 8 50.72 –2.75 .40 26.35 9.00 IDEAYA Bio IDYA ... dd 24.48 +0.41 ... 39.50 21.38 Joyy YY 7.0 21 29.18 –1.48 .51 41.75 24.60 LibertyBraves A BATRA ... 36 40.16 –1.17 ... 54.83 28.73 Methanex MEOH 1.9 10 38.98 –3.33 .185
41.25 26.33 GreenPlains GPRE ... dd 30.19 –2.00 ... 515.79 317.06 IdexxLab IDXX ... 59 487.78 +4.75 ... 212.62 139.28 JackHenry JKHY 1.3 34 162.80 –0.74 .52 40.46 23.46 LibertyBraves C BATRK ... 34 38.61 –1.12 ... 24.34 13.10 MetroCityBkshs MCBS 4.0 7 18.12 –0.48 .18
14.40 11.34 GreenPlainsPtrs GPP 14.8 7 12.29 –0.83 .455 54.88 25.22 IES Holdings IESC ... 17 52.74 –0.53 ... 97.99 54.80 JackintheBox JACK 1.9 13 90.70 –0.02 .44 45.26 25.05 LibertySirius A LSXMA ... 11 29.79 –1.11 ... 87.76 54.33 MicrochipTech MCHP 1.9 20 81.97 –3.52 .383
48.90 1.55 GreenidgeGen GREE ... dd 2.94 +0.05 ... 28.20 8.51 IGM Biosci IGMS ... dd 9.48 –0.18 ... 0.56 ... JaguarGlbGrwI Rt JGGCR ... ... .13 –0.01 ... 45.20 25.02 LibertySirius C LSXMK ... 11 29.72 –1.19 ... 74.77 48.43 MicronTech MU .7 47 65.28 –2.38 .115
83.86 1.93 Greenlane GNLN ... dd 1.96 –0.12 ... 12.76 2.73 I-Mab IMAB ... ... 3.05 –0.01 ... 12.38 9.97 JaguarGlblGrowthI JGGCU ... ... 10.57 –0.07 ... 10.85 9.95 LibertyRscsA LIBY ... cc 10.82 +0.01 ... 351.47 213.43 Microsoft MSFT .8 36 335.02 –7.31 .68
5.90 0.18 GreenLightBio GRNA ... dd .29 +0.01 ... 67.07 48.33 IndusRealty INDT 1.1 dd 66.96 +0.01 .18 11.68 9.86 JaguarGlbGrwI A JGGC ... 51 10.56 ... ... 93.67 8.43 LibertyTripAdvB LTRPB ... cc 40.88 +5.88 ... 361.97 132.56 MicroStrategy MSTR ... dd 329.11 +35.72 ...
10.69 6.96 GreenlightCapRe GLRE ... 11 9.82 –0.03 ... 3.95 1.02 IN8bio INAB ... dd 1.90 –0.05 ... 26.60 18.63 JamesRiver JRVR 1.1 36 18.77 –1.27 .05 1.68 0.57 LibertyTripAdvA LTRPA ... 2 .66 –0.02 ... 3.50 0.88 Microvast MVST ... dd 1.56 –0.18 ...
13.10 5.71 Grifols GRFS ... 27 8.93 –0.15 ... 5.77 1.56 IO Biotech IOBT ... dd 1.86 –0.14 ... 28.38 16.53 JamfHolding JAMF ... dd 18.41 –1.02 ... 11.96 1.52 LifecoreBiomed LFCR ... dd 8.91 +0.63 ... 8.20 1.82 MicroVision MVIS ... dd 4.10 –0.40 ...
26.29 6.80 GrindrodShipping GRIN 1.3 3 9.18 +0.65 .03 137.33 79.88 IPG Photonics IPGP ... 69 133.39 –1.36 ... 23.64 10.00 JanuxTherap JANX ... dd 12.50 –0.07 ... 4.20 1.14 LifeMD LFMD ... dd 3.90 +0.53 ... 34.99 18.25 MidPennBancorp MPB 3.5 7 23.06 –1.07 .20
5.85 1.64 Gritstone GRTS ... dd 2.30 +0.11 ... 30.84 18.59 i3Verticals IIIV ... dd 21.83 –0.93 ... 163.31 124.12 JazzPharm JAZZ ... dd 124.86 –3.84 ... 10.50 4.22 LifeStanceHealth LFST ... dd 8.99 +0.03 ... 13.69 10.06 MidCapFin MFIC12.7 15 11.96 –0.26 .38
46.37 25.71 GroceryOutlet GO ... 43 29.05 +0.33 ... 39.11 8.95 IVERICbio ISEE ... dd 38.86 +0.17 ... 9.35 6.18 JetBlue JBLU ... dd 7.94 –0.12 ... 12.14 4.31 LifetimeBrands LCUT 3.3 dd 5.11 +0.26.0425 162.02 120.30 Middleby MIDD ... 17 140.29 –4.27 ...
16.09 2.89 Groupon GRPN ... dd 5.49 +0.56 ... 10.92 9.80 IXAcqnA IXAQ ... 43 10.56 +0.06 ... 27.96 17.11 JFrog FROG ... dd 26.54 –0.81 ... 8.10 4.55 LifewayFoods LWAY ... 41 6.98 +0.09 ... 96.19 66.51 MiddlesexWater MSEX 1.6 38 78.26 –4.25.3125
10.76 9.70 GrowthforGoodA GFGD ... cc 10.43 +0.02 ... 55.16 18.03 IcahnEnterprises IEP 29.2 dd 27.43 –0.512.00 186.01 0.69 JianzhiEduc JZ ... ... 1.00 –0.01 ... 85.70 49.43 LigandPharm LGND ... 58 73.09 –4.94 ... 28.88 17.98 MidlandStBncp MSBI 5.9 5 20.26 –1.03 .30
0.18 ... GrowthforGoodRt GFGDR ... ... .18 ... ... 39.73 21.04 Ichor ICHR ... 16 35.60 –1.61 ... 8.19 1.86 Jiayin JFIN ... 2 5.88 +0.16 ... 68.55 40.10 Light&Wonder LNW ... dd 66.12 +1.13 ... 35.58 17.80 MidWestOneFin MOFG 4.5 7 21.63 +0.09.2425
92.80 46.53 GrAeroportuario OMAB 4.5 19 83.69 –5.57.4944 7.23 1.58 iClickInteract ICLK ... dd 1.68 –0.51 ... 73.43 46.30 JohnsonOutdoors JOUT 2.1 14 59.07 +0.23 .31 3.25 0.37 Lilium LILM ... ... 1.26 –0.01 ... 9.85 3.10 MilestonePharm MIST ... dd 3.15 –0.35 ...
62.75 20.67 GuardantHealth GH ... dd 35.53 –1.56 ... 249.62 171.43 Icon ICLR ... 37 226.33 –7.79 ... 17.90 11.00 Limoneira LMNR 1.9 16 15.68 +0.10 .075 33.46 13.20 MillerKnoll MLKN 5.2 16 14.39 –0.23.1875
16.45 2.28 Icosavax ICVX ... dd 9.24 –0.40 ... K 7.93 4.59 LincolnEduc LINC ... 18 6.25 –0.40 ... 21.15 10.22 MillicomIntl TIGO ... 67 16.29 –0.56 ...
5.74 3.13 GulfIslandFab GIFI ... 22 3.24 ... ...
4.95 2.34 Gulf Resources GURE ... 3 2.47 –0.27 ... 10.85 2.21 iHeartMedia IHRT ... dd 3.37 –0.16 ... 482.20 250.20 KLA KLAC 1.1 19 456.95 –7.94 1.30 197.26 118.17 LincolnElectric LECO 1.4 24 189.59 –6.34 .64 2.65 1.89 Mind CTI MNDO12.3 8 1.95 –0.06 .24
7.64 1.94 IkenaOncology IKNA ... dd 6.90 –0.10 ... 18.63 3.64 KLX Energy KLXE ... 4 9.01 –0.03 ... 22.59 11.97 LiquiditySvcs LQDT ... 16 15.53 –0.08 ... 21.98 12.62 MineralysTherap MLYS ... ... 15.95 +0.20 ...
H 248.87 173.45 Illumina ILMN ... dd 201.67 –4.20 ... 12.10 7.90 KVH Inds KVHI ... 6 9.14 –0.47 ... 281.78 192.19 Littelfuse LFUS .9 20 270.15 –1.63 .60 101.30 35.55 MiratiTherap MRTX ... dd 37.23 –0.24 ...
56.47 26.12 H&E Equipment HEES 2.6 11 42.38 –1.50 .275 9.25 4.85 Immersion IMMR 1.8 6 6.66 –0.61 .03 11.00 9.92 KairousAcqn KACL ... cc 11.00 ... ... 66.73 40.26 LivaNova LIVN ... dd 48.63 –1.13 ... 30.55 17.32 MirumPharm MIRM ... dd 27.35 –0.20 ...
23.49 16.33 HBT Finl HBT 3.8 9 17.95 –1.38 .17 16.17 3.70 Immuneering IMRX ... dd 10.28 –0.93 ... 0.55 0.06 KairousAcqnRt KACLR ... ... .09 +0.01 ... 18.17 3.19 LivePerson LPSN ... dd 4.38 +0.72 ... 13.32 0.45 Missfresh MF ... ... .51 –0.09 ...
10.90 9.96 HCM Acqn A HCMA ... 48 10.65 –0.20 ... 11.76 1.11 Immunic IMUX ... dd 1.50 –0.13 ... 97.58 56.79 KaiserAlum KALU 4.5 dd 68.51 –2.71 .77 3.41 1.40 LiveVox LVOX ... dd 2.93 +0.20 ... 16.96 9.81 MissionProduce AVO ... dd 12.10 +0.06 ...
2.79 1.08 HCW Biologics HCWB ... dd 2.30 +0.19 ... 7.80 1.21 ImmunityBio IBRX ... dd 2.69 –0.05 ... 2.80 1.53 Kaltura KLTR ... dd 2.14 +0.11 ... 4.93 0.43 LixiangEduc LXEH ... dd .67 –0.05 ... 48.11 24.85 Mobileye MBLY ... dd 37.16 –2.00 ...
52 BARRON’S June 26, 2023

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.
11.75 9.96 MobivAcqn MOBV ... cc 10.56 +0.01 ... 9.90 2.29 Novonix NVX ... dd 2.75 –0.51 ... 276.88 160.00 Paylocity PCTY ... 84 176.75 –8.23 ... 18.18 6.79 QuinStreet QNST ... dd 8.44 +0.03 ... 2.66 0.90 SalemMedia SALM ... dd .94 –0.02 ...
217.25 115.03 Moderna MRNA ... 10 118.50 –10.23 ... 11.61 9.96 NubiaBrandA NUBI ... cc 10.60 +0.07 ... 8.04 3.78 Payoneer PAYO ... dd 4.71 +0.08 ... 21.93 3.04 QurateRetailB QRTEB ... dd 8.00 +1.38 ... 9.55 2.99 SanaBiotech SANA ... dd 5.71 –0.48 ...
121.54 43.32 ModivCare MODV ... dd 47.21 –0.03 ... 2.24 0.62 NuCana NCNA ... dd .90 +0.17 ... 103.03 58.95 PayPal PYPL ... 28 66.94 +0.51 ... 4.23 0.67 QurateRetailA QRTEA ... dd .87 –0.07 ... 42.54 19.47 SandySpringBncp SASR 5.9 6 23.00 –1.88 .34
7.65 5.50 MolecularPtrs MOLN ... dd 6.55 –0.23 ... 19.91 8.34 NurixTherap NRIX ... dd 10.01 –0.88 ... 42.19 22.88 PeapackGladFin PGC .7 6 27.35 –2.06 .05 R 127.26 69.58 Sanfilippo JBSS .6 22 124.25 –0.77 1.50
2.80 0.26 Momentus MNTS ... dd .26 –0.05 ... 33.73 13.98 Nutanix NTNX ... dd 27.37 –1.82 ... 10.73 9.88 PearlHldgsAcqnA PRLH ... 63 10.54 +0.03 ... 6.42 1.07 SangamoTherap SGMO ... dd 1.19 +0.06 ...
85.67 54.01 MonarchCasino MCRI 1.7 16 69.04 –1.16 .30 45.25 12.00 Nuvalent NUVL ... dd 43.85 +0.59 ... 53.31 29.05 Pegasystems PEGA .2 dd 49.11 –1.09 .03 32.45 15.59 RaptTherap RAPT ... dd 20.86 +0.70 ... 9.80 3.15 SangomaTechs SANG ... dd 3.95 +0.31 ...
187.00 73.58 monday.com MNDY ... dd 169.52 –9.29 ... 54.62 35.17 Nuvasive NUVA ... cc 41.05 –0.30 ... 17.83 6.62 Peloton PTON ... dd 7.31 –1.33 ... 23.76 8.62 RBB Bancorp RBB 5.2 4 12.33 –0.56 .16 69.28 39.21 Sanmina SANM ... 11 56.81 –1.69 ...
16.98 6.74 Mondee MOND ... dd 8.85 +0.35 ... 43.81 23.71 Nuvei NVEI ... 90 27.15 –1.64 ... 17.80 8.68 Pennant PNTG ... 50 12.18 –0.60 ... 97.45 46.71 RCI Hospitality RICK .3 16 72.94 –3.61 .06 57.82 36.91 Sanofi SNY ... 15 53.30 +1.26 ...
78.59 54.72 Mondelez MDLZ 2.1 26 73.10 –0.47 .385 439.90 108.13 NVIDIA NVDA .0 cc 422.09 –4.83 .04 28.00 21.50 PennsWoodsBncp PWOD 4.9 10 25.99 –0.86 .32 24.44 10.11 RCM Tech RCMT ... 10 17.95 +0.11 ... 27.52 16.18 SapiensInt SPNS ... 28 26.20 –1.22 ...
398.89 135.15 MongoDB MDB ... dd 389.99 +10.09 ... 10.91 4.36 Nyxoah NYXH ... dd 7.96 +0.04 ... 32.24 23.05 PeoplesBncpOH PEBO 5.9 7 26.37 –1.61 .39 35.73 17.02 REGENXBIO RGNX ... dd 18.90 –0.98 ... 4.08 0.33 SarcosTech&Robotic STRC ... dd .38 –0.10 ...
553.64 301.69 MonolithicPower MPWR .8 52 506.00 –11.61 1.00 34.88 16.35 PeoplesBncpNC PEBK 4.3 6 17.87 –1.79 .19 10.91 9.83 RF Acqn A RFAC ... cc 10.48 +0.06 ... 159.89 70.33 SareptaTherap SRPT ... dd 114.09 –16.35 ...
O 0.28 0.03 RF Acqn Rt RFACR ... ... .11 –0.03 ...
55.70 39.18 Monro MNRO 2.8 34 39.67 +0.17 .28 59.99 30.60 PeoplesFinSvcs PFIS 3.8 9 43.03 –0.52 .41 3.40 1.08 Savara SVRA ... dd 2.86 –0.21 ...
60.47 42.81 MonsterBev MNST ... 49 59.11 +0.66 ... 53.59 28.97 ODP ODP ... 11 45.43 +3.68 ... 20.00 4.32 PepGen PEPG ... dd 10.07 –2.15 ... 7.42 3.78 RF Industries RFIL ... 69 4.24 –0.21 ... 35.50 25.75 ScanSource SCSC ... 8 28.66 –1.15 ...
12.62 4.40 MonteRosaTherap GLUE ... dd 6.80 –0.82 ... 93.44 44.76 ON Semi ON ... 21 87.52 –2.63 ... 10.73 9.85 PepperLimeA PEPL ... cc 10.45 +0.01 ... 24.55 18.01 RGC Resources RGCO 3.8 dd 20.77 –0.59.1975 37.67 25.96 SchnitzerSteel SCHN 2.4 13 31.18 –1.15.1875
10.44 9.80 MontereyCapA MCAC ... dd 10.43 +0.02 ... 13.00 7.50 OP Bancorp OPBK 5.8 4 8.32 –0.16 .12 196.88 160.98 PepsiCo PEP 2.7 39 186.07 +0.031.265 27.07 6.71 R1 RCM RCM ... dd 17.53 +0.25 ... 13.00 5.01 ScholarRock SRRK ... dd 8.98 +0.51 ...
0.30 0.02 MontereyCapRt MCACR ... ... .13 +0.03 ... 2.86 1.00 OPKO Health OPK ... dd 1.60 +0.05 ... 15.65 9.97 PerdoceoEduc PRDO ... 9 12.18 –0.37 ... 2.99 0.68 RVL Pharm RVLP ... dd .72 –0.11 ... 48.28 28.22 Scholastic SCHL 2.2 22 37.14 –2.09 .20
11.01 10.01 MontereyInnov MTRY ... dd 10.91 –0.03 ... 11.02 9.80 OPYAcqnIA OHAA ... dd 10.25 +0.02 ... 12.00 5.47 PerellaWeinberg PWP 3.5 dd 8.02 –0.48 .07 7.61 1.05 RackspaceTech RXT ... dd 1.91 –0.22 ... 48.76 15.85 Schrodinger SDGR ... cc 42.37 –3.61 ...
261.16 163.28 Morningstar MORN .8 cc 193.65 –12.38 .375 964.58 624.85 OReillyAuto ORLY ... 27 924.76 +5.74 ... 110.28 59.79 Perficient PRFT ... 27 77.56 –1.11 ... 16.00 7.97 RadiusGlbInfr RADI ... dd 14.89 +0.03 ... 11.24 9.80 SchultzeSpecII A SAMA ... cc 10.44 +0.03 ...
63.08 20.41 Morphic MORF ... dd 59.76 +1.26 ... 127.07 69.31 OSI Systems OSIS ... 24 116.94 –5.39 ... 3.97 1.72 PerformantFin PFMT ... dd 3.01 –0.28 ... 34.05 12.03 RadNet RDNT ... dd 33.44 +2.06 ... 3.21 0.19 Science37 SNCE ... dd .24 –0.02 ...
7.90 3.17 MorphoSys MOR ... dd 7.55 –0.17 ... 21.74 17.59 OaktreeSpec OCSL11.5 cc 18.67 –0.56 .55 42.75 17.50 PerionNetwork PERI ... 15 32.71 –0.93 ... 24.48 17.42 Radware RDWR ... dd 19.24 –0.49 ... 19.87 10.60 SciPlay SCPL ... 20 19.55 +0.03 ...
19.93 4.26 MotorcarParts MPAA ... dd 6.99 +0.31 ... 4.34 1.28 Oatly OTLY ... dd 1.81 –0.06 ... 11.49 7.69 Perma-PipeIntl PPIH ... 15 10.14 +0.33 ... 14.48 0.94 RainOncology RAIN ... dd 1.31 –0.04 ... 12.75 3.68 scPharm SCPH ... dd 10.27 –0.43 ...
11.20 10.10 MountainI A MCAA ... 90 10.86 +0.01 ... 24.93 12.81 OceanFirstFin OCFC 5.2 6 15.37 –1.17 .20 5.58 1.73 Personalis PSNL ... dd 1.98 –0.11 ... 15.89 4.15 Rallybio RLYB ... dd 8.14 +0.58 ... 11.50 9.58 ScreamingEagleA SCRM ... 47 10.32 +0.04 ...
0.38 0.03 MountainCrestVRt MCAGR ... ... .08 –0.04 ... 7.96 2.57 OcularTherapeutix OCUL ... dd 4.87 +0.06 ... 17.17 7.29 PetcoHealth WOOF ... 36 8.76 +0.15 ... 12.27 5.94 RamacoRscsA METC 5.8 4 8.57 +1.20 .125 16.44 7.32 ScrippsEW SSP ... 7 7.88 –0.40 ...
11.40 9.69 MountainCrestV MCAG ... cc 10.35 –0.02 ... 14.10 6.26 Oculis OCS ... cc 12.43 –0.13 ... 18.42 6.66 PetIQ PETQ ... dd 14.72 –0.37 ... 19.80 8.50 RamacoRscsB METCB ... ... 11.50 +1.50 ... 36.92 17.93 SeacoastBkgFL SBCF 3.4 14 20.99 –1.85 .18
10.76 1.25 Movella MVLA ... 8 2.57 +0.11 ... 20.94 5.86 OfficePropIncm OPI 14.0 52 7.15 –1.07 .25 24.01 13.27 PetMedExpress PETS 8.7 cc 13.74 –0.34 .30 68.54 20.00 Rambus RMBS ... cc 59.27 –1.11 ... 83.78 47.47 Seagate STX 4.6 dd 60.32 –3.98 .70
17.75 0.88 MultiMetaVerse MMV ... dd 1.26 –0.23 ... 32.49 21.96 OhioValleyBanc OVBC 3.5 9 24.93 +0.13 .15 17.81 6.85 Pharming PHAR ... dd 10.99 –1.06 ... 12.93 3.65 RaniTherap RANI ... dd 4.31 –0.11 ... 207.17 116.08 Seagen SGEN ... dd 198.22 –0.10 ...
10.76 9.98 MurphyCanyonA MURF ... cc 10.65 ... ... 110.94 44.12 Okta OKTA ... dd 69.25 –6.50 ... 26.00 1.77 Pharvaris PHVS ... dd 11.60 –0.02 ... 4.87 0.83 RapidMicro RPID ... dd .99 –0.02 ... 10.92 9.76 SeaportGlblAcqnII SGII ... 49 10.41 +0.02 ...
9.71 3.37 Mynaric MYNA ... dd 6.30 –0.06 ... 18.23 3.05 Olaplex OLPX ... 12 3.46 –0.20 ... 14.45 5.84 PhathomPharm PHAT ... dd 13.15 +1.05 ... 74.88 26.49 Rapid7 RPD ... dd 42.58 –3.41 ... 12.32 5.28 SecureWorks SCWX ... dd 7.02 –0.27 ...
28.18 13.92 MyriadGenetics MYGN ... dd 22.75 –0.16 ... 381.81 240.00 OldDomFreight ODFL .5 27 326.63 +1.17 .40 39.37 30.53 Phenixfin PFX .0 dd 37.75 –1.25 .121 7.93 3.11 RealGoodFood RGF ... dd 3.20 –0.09 ... 8.90 5.77 SecurityNatFin SNFCA ... 8 8.66 +0.10 ...
20.19 11.66 OldNatlBncp ONB 4.2 7 13.39 –0.46 .14 6.11 0.50 PhenomeX CELL ... dd .55 –0.01 ... 3.75 1.00 RealReal REAL ... dd 1.39 –0.21 ... 13.40 3.07 Seer SEER ... dd 4.42 –0.01 ...
N
17.80 10.79 Old2ndBcp OSBC 1.5 8 13.12 –0.83 .05 20.54 11.75 PhibroAnimal PAHC 3.6 19 13.47 –0.35 .12 106.69 18.47 ReataPharm RETA ... dd 93.79 +0.41 ... 2.73 0.90 SelectaBiosci SELB ... dd 1.18 ... ...
41.25 19.74 Napco Security NSSC .7 39 35.45 –0.82.0625 9.87 2.19 OlemaPharm OLMA ... dd 7.87 +0.03 ... 35.41 27.07 PhillipsEdison PECO 3.5 69 32.20 –1.89.0933 14.18 4.54 RecursionPharm RXRX ... dd 7.36 –1.56 ... 104.37 66.81 SelectiveIns SIGI 1.2 23 96.23 –2.33 .30
48.68 27.53 NBT Bancorp NBTB 3.7 9 32.09 –1.94 .30 26.47 11.39 OlinkHolding OLK ... dd 17.20 –0.61 ... 11.83 10.01 PhoenixBiotech PBAX ... dd 10.85 –0.15 ... 60.57 43.50 RedRiverBcshs RRBI .6 10 53.36 –0.27 .08 49.49 0.77 SelinaHosp SLNA ... ... 1.15 +0.11 ...
18.25 2.84 NGM Biopharm NGM ... dd 3.26 –0.08 ... 72.27 44.72 Ollie'sBargain OLLI ... 31 59.32 –0.37 ... 25.81 13.86 Photronics PLAB ... 12 23.04 –0.34 ... 16.50 5.35 RedRobin RRGB ... dd 12.84 +0.30 ... 11.34 0.55 Semantix STIX ... dd 2.30 +0.29 ...
235.11 164.65 NICE NICE ... 49 209.00 –14.60 ... 58.84 22.62 OlympicSteel ZEUS 1.1 8 45.83 +0.39 .125 33.96 20.59 Pilgrim'sPride PPC ... 11 20.85 –0.81 ... 50.66 30.98 RedRockResorts RRR 2.3 13 44.32 –3.04 .25 12.03 10.01 SemperParatusA LGST ... 78 10.60 +0.08 ...
26.72 16.14 NMI Holdings NMIH ... 7 24.86 –0.48 ... 128.51 77.28 OmegaFlex OFLX 1.3 44 104.50 –2.50 .33 89.00 43.31 PinnacleFinPtrs PNFP 1.6 7 54.12 –3.81 .22 13.03 3.08 Redfin RDFN ... dd 10.32 –0.53 ... 65.51 17.82 Semtech SMTC ... dd 24.12 +1.52 ...
2.97 0.97 NN NNBR ... dd 2.19 +0.07 ... 11.98 3.25 OmegaTherap OMGA ... dd 7.02 –0.47 ... 2.17 0.25 PintecTech PT ... dd .90 –0.18 ... 49.20 1.64 RedHillBio RDHL ... dd 1.70 –0.29 ... 68.74 37.85 SenecaFoods A SENEA ... 9 38.34 –4.35 ...
1.54 0.49 NRX Pharm NRXP ... dd .50 –0.02 ... 7.80 1.74 Omeros OMER ... 7 5.49 –0.48 ... 2.51 1.34 Pixelworks PXLW ... dd 1.65 –0.17 ... 11.23 9.86 RedwoodsAcqn RWOD ... 66 10.46 –0.02 ... 69.83 43.01 SenecaFoods B SENEB ... 10 43.01 –0.99 ...
154.97 89.30 NV5Global NVEE ... 34 106.04 +2.18 ... 10.50 1.91 OmniAb OABI ... dd 4.81 –0.07 ... 13.95 9.10 PlainsAllAmPipe PAA 8.0 9 13.30 –0.06.2675 0.22 0.03 RedwoodsAcqnRt RWODR ... ... .18 ... ... 2.39 1.25 SenseiBiotherap SNSE ... dd 1.31 –0.03 ...
199.55 132.08 NXP Semi NXPI 2.1 18 188.69 –9.161.014 125.17 46.11 Omnicell OMCL ... dd 70.11 –1.58 ... 14.66 9.39 PlainsGP PAGP 7.7 15 13.82 –0.20.2675 68.56 51.97 RegencyCtrs REG 4.5 26 58.00 –3.14 .65 2.38 1.19 SenstarTech SNT ... 9 1.19 –0.09 ...
13.95 0.92 NanoLabs NA ... ... 1.84 –0.33 ... 11.55 9.79 OmniLitAcqnA OLIT ... cc 10.50 +0.08 ... 9.77 5.35 PlayaHotels PLYA ... 25 8.58 –0.42 ... 837.55 563.82 RegenPharm REGN ... 21 779.73 –3.32 ... 8.77 0.86 SentiBiosciences SNTI ... dd .97 –0.02 ...
22.69 5.31 NanoXImaging NNOX ... dd 15.83 –3.40 ... 13.29 5.82 1-800-FLOWERS FLWS ... dd 7.59 –0.32 ... 5.99 3.24 Playstudios MYPS ... cc 4.69 +0.01 ... 33.06 9.67 RelayTherap RLAY ... dd 11.87 –0.44 ... 4.25 1.10 SeraPrognostics SERA ... dd 3.98 +0.41 ...
7.76 1.75 Nanobiotix NBTX ... dd 5.49 +0.27 ... 6.34 4.40 180DegreeCap TURN ... dd 4.51 +0.04 ... 15.61 7.81 Playtika PLTK ... 16 11.69 +0.31 ... 38.68 1.81 RelmadaTherap RLMD ... dd 2.47 –0.13 ... 9.49 3.08 SeresTherap MCRB ... dd 5.30 –0.08 ...
18.51 3.88 NanoStringTech NSTG ... dd 4.03 –0.99 ... 4.00 1.93 111 YI ... dd 2.54 –0.31 ... 115.36 74.53 Plexus PLXS ... 15 93.15 –3.01 ... 20.03 7.56 RemitlyGlobal RELY ... dd 18.87 +0.11 ... 11.57 4.84 ServiceProperties SVC 9.7 cc 8.26 –0.56 .20
69.22 48.95 Nasdaq NDAQ 1.8 22 49.64 –1.58 .22 7.47 3.45 1stdibs.com DIBS ... dd 3.78 +0.17 ... 36.64 7.36 PliantTherap PLRX ... dd 20.84 –1.42 ... 5.00 1.05 Renalytix RNLX ... dd 2.01 –0.19 ... 2.37 0.61 17Educ&Tech YQ ... dd .95 –0.04 ...
59.75 34.00 Natera NTRA ... dd 51.37 +1.12 ... 43.96 23.68 OneWaterMarine ONEW ... 5 33.81 +0.16 ... 13.36 3.14 PolestarAuto PSNY ... 21 3.53 –0.50 ... 41.77 23.47 Renasant RNST 3.2 9 27.25 –2.23 .22 2.71 1.31 Sharecare SHCR ... dd 1.70 +0.01 ...
83.00 53.38 Nathan's NATH 2.6 16 76.29 –3.35 .50 11.10 10.00 OnyxAcqnIA ONYX ... cc 10.70 +0.04 ... 10.04 6.51 PonceFinl PDLB ... dd 8.51 –0.47 ... 11.30 1.79 ReneoPharm RPHM ... dd 7.05 –0.15 ... 5.82 1.85 ShattuckLabs STTK ... dd 3.29 +0.14 ...
57.65 38.40 NationalBeverage FIZZ ... 33 49.17 –0.44 ... 11.99 5.35 OpenLending LPRO ... 23 10.12 –0.38 ... 10.88 10.16 PonoCapitalThree PTHR ... cc 10.38 –0.06 ... 7.70 4.04 ReNewEnergy RNW ... ... 5.49 –0.42 ... 25.93 15.62 ShenandoahTel SHEN .4 dd 18.70 –1.42 .08
1.85 0.10 NatlCineMedia NCMI44.4 dd .27 –0.08 .03 43.25 24.91 OpenText OTEX 2.4 36 40.09 –1.40 .243 10.88 9.95 PonoCapTwoA PTWO ... cc 10.29 +0.02 ... 5.74 1.10 RenttheRunway RENT ... dd 2.06 –0.17 ... 32.43 13.92 ShoalsTech SHLS ... 28 24.08 –0.66 ...
58.30 29.81 NatlInstruments NATI 2.0 47 57.10 –0.40 .28 6.39 0.92 OpendoorTech OPEN ... dd 2.93 –0.08 ... 423.97 278.10 Pool POOL 1.2 21 352.34 –5.61 1.10 18.68 8.53 RepareTherap RPTX ... dd 11.42 –0.71 ... 320.54 172.50 ShockwaveMed SWAV ... 46 292.63 –1.74 ...
47.60 33.10 NatlResearch NRC 1.1 37 44.56 –0.64 .12 21.75 3.92 Opera OPRA 2.3 41 17.26 –3.54 .80 83.22 49.34 Popular BPOP 3.8 4 58.52 –3.03 .55 262.26 144.20 Repligen RGEN ... 51 149.57 –7.89 ... 29.47 19.24 ShoeCarnival SCVL 1.8 6 22.36 +0.36 .10
43.82 17.25 NationalVision EYE ... 85 23.92 –1.79 ... 10.86 2.19 OportunFin OPRT ... dd 5.53 –0.03 ... 28.93 15.80 Portillo's PTLO ... 80 19.98 –0.78 ... 29.52 15.07 Replimune REPL ... dd 23.83 –0.02 ... 20.85 10.65 ShoreBancshares SHBI 4.0 7 12.08 –0.78 .12
427.96 166.94 NatlWesternLife NWLI .1 17 373.78 –8.33 .36 7.99 2.66 Opthea OPT ... ... 2.80 –0.29 ... 24.49 18.00 PortmanRidge PTMN14.5 dd 19.10 –0.88 .69 50.16 37.23 RepublicBcpKYA RBCAA 3.5 9 42.63 –3.00 .374 34.10 17.66 Shyft SHYF .9 18 21.37 –2.22 .05
12.60 7.00 NaturalAlt NAII ... 12 7.30 –0.30 ... 4.85 3.28 OpticalCable OCC ... 8 4.15 +0.03 ... 8.82 2.07 PoseidaTherap PSTX ... dd 2.35 ... ... 4.17 0.62 RepublicFirstBncp FRBK ... 5 .94 –0.12 ... 16.50 1.25 Sientra SIEN ... dd 2.55 +0.24 ...
4.65 1.50 NautilusBiotech NAUT ... dd 3.67 –0.31 ... 4.30 1.07 Optinose OPTN ... dd 1.19 +0.03 ... 11.14 4.31 Potbelly PBPB ... 21 7.91 –0.19 ... 7.91 4.42 ReservoirMedia RSVR ... cc 6.05 –0.19 ... 22.99 15.01 SierraBancorp BSRR 5.2 8 17.60 –0.72 .23
19.40 12.88 Navient NAVI 3.6 5 17.97 –0.43 .16 35.87 24.23 OptionCare OPCH ... 35 30.30 –0.39 ... 52.10 39.10 PotlatchDelt PCH 3.6 19 50.23 –1.67 .45 23.18 14.03 ResourcesConnect RGP 3.5 9 15.89 –0.12 .14 15.30 5.35 SightSciences SGHT ... dd 7.85 –0.63 ...
10.12 3.11 NavitasSemi NVTS ... dd 8.77 –0.61 ... 7.82 2.65 OraSureTechs OSUR ... 13 5.11 –0.36 ... 64.76 20.17 PowellIndustries POWL 1.8 26 59.24 +2.55.2625 18.78 11.97 RetailOppor ROIC 4.6 33 12.94 –0.65 .15 20.93 3.77 SigilonTherap SGTX ... dd 3.91 –1.75 ...
39.83 19.58 nCino NCNO ... dd 30.01 –1.68 ... 23.39 7.49 OrchestraBioMed OBIO ... dd 8.36 –0.77 ... 11.24 9.80 Pwr&Digital II A XPDB ... 99 10.41 –0.40 ... 7.62 0.63 ReunionNeuro REUN .0 dd 1.10 ... .017 17.99 4.55 SilenceTherap SLN ... dd 6.65 +0.01 ...
18.65 1.55 NearIntelligence NIR ... dd 1.78 –0.19 ... 1.27 0.37 OrganiGram OGI ... dd .40 –0.04 ... 94.90 59.16 PowerIntegrations POWI .9 38 86.85 –3.73 .19 37.98 13.51 RevanceTherap RVNC ... dd 26.74 –2.62 ... 50.00 32.30 Silicom SILC ... 12 35.04 –1.32 ...
8.19 4.45 NecessityRetail RTL 13.6 dd 6.25 –0.79.2125 6.85 2.36 OricPharm ORIC ... dd 6.49 +0.28 ... 3.97 2.06 PowerFleet PWFL ... dd 3.24 –0.04 ... 10.80 9.66 RevelstoneCapA RCAC ... cc 10.33 –0.05 ... 194.68 109.44 SiliconLab SLAB ... 61 144.70 –14.34 ...
5.18 0.52 NektarTherap NKTR ... dd .58 +0.01 ... 26.35 13.76 OrthofixMed OFIX ... dd 18.39 –1.29 ... 10.60 9.96 PowerUpAcqn PWUP ... 59 10.42 –0.03 ... 31.37 17.01 RevolutionMed RVMD ... dd 25.52 +0.90 ... 88.65 51.53 SiliconMotion SIMO 1.4 19 72.13 +2.14 .50
27.77 10.85 NeoGames NGMS ... dd 26.77 –0.62 ... 60.75 35.67 OrthoPediatrics KIDS ... cc 44.04 –2.28 ... 5.25 0.79 PraxisPrecision PRAX ... dd 1.14 +0.07 ... 32.50 25.90 ReynoldsCnsmr REYN 3.3 26 28.17 –0.07 .23 58.04 28.98 SilkRoadMed SILK ... dd 32.75 +0.79 ...
25.00 10.49 Neogen NEOG ... cc 21.69 +0.92 ... 82.46 52.60 OtterTail OTTR 2.4 11 73.90 –1.84.4375 2.90 0.81 Precigen PGEN ... dd 1.13 –0.09 ... 34.99 4.08 RhythmPharm RYTM ... dd 17.44 –0.98 ... 11.24 7.82 SilverSpikeInvt SSIC ... 12 8.14 +0.02 ...
21.74 7.80 NerdWallet NRDS ... cc 10.32 –0.35 ... 6.92 3.33 Outbrain OB ... dd 4.95 +0.09 ... 2.13 0.57 PrecisionBio DTIL ... dd .58 –0.08 ... 4.84 2.19 RibbonComms RBBN ... dd 2.78 –0.06 ... 21.30 14.94 SilvercrestAsset SAMG 3.6 14 20.13 –0.77 .18
79.09 58.08 NetApp NTAP 2.7 13 73.21 –1.16 .50 30.55 11.41 OutsetMedical OM ... dd 21.54 –0.60 ... 77.75 42.42 PreferredBankLA PFBC 4.1 6 53.64 –2.77 .55 27.24 13.72 RichardsonElec RELL 1.4 9 16.74 –1.35 .06 25.73 14.68 SimmonsFirstNat SFNC 4.7 9 17.12 –1.16 .20
101.92 53.09 NetEase NTES 1.6 18 93.07 –5.38 .465 35.20 17.05 Overstock OSTK ... dd 23.91 +1.98 ... 177.00 59.00 PreformedLine PLPC .5 13 162.26 –8.07 .20 2.04 0.67 RigelPharm RIGL ... dd 1.68 +0.08 ... 67.59 32.58 SimulationsPlus SLP .5 90 45.41 –1.28 .06
448.65 169.70 Netflix NFLX ... 46 424.02 –7.94 ... 3.98 1.41 OvidTherap OVID ... dd 3.73 +0.04 ... 8.90 4.42 PreludeTherap PRLD ... dd 4.70 –0.86 ... 7.25 3.46 RiminiStreet RMNI ... cc 4.41 –0.10 ... 25.79 12.27 Sinclair SBGI 8.0 3 12.45 –1.50 .25
26.79 13.30 Netgear NTGR ... dd 13.93 –1.00 ... 6.79 4.76 OxfordLane OXLC20.0 dd 4.80 –0.15 .08 30.80 13.60 PremierFinl PFC 7.6 6 16.42 –0.16 .31 8.00 4.17 RiverviewBncp RVSB 4.8 6 5.02 –0.17 .06 4.80 0.76 SingularGenomics OMIC ... dd .78 –0.09 ...
38.02 25.90 NetScout NTCT ... 36 29.36 –0.15 ... 4.05 2.62 OxfordSquare OXSQ15.9 dd 2.64 –0.08 .035 38.98 24.88 Premier PINC 3.1 18 27.17 –0.82 .21 40.86 11.68 Rivian RIVN ... dd 13.53 –1.35 ... 6.85 3.32 SiriusXM SIRI 2.5 13 3.83 –0.11.0242
129.29 89.04 Neurocrine NBIX ... cc 96.39 –1.21 ... 4.35 0.70 Prenetics PRE ... dd .90 +0.02 ... 12.76 7.57 Robinhood HOOD ... dd 9.49 –0.54 ... 209.66 73.10 SiTime SITM ... dd 114.80 –3.09 ...
PQ
6.95 2.01 Neuronetics STIM ... dd 2.09 –0.11 ... 10.40 1.23 PrestoAutomation PRST ... 7 4.50 +0.58 ... 24.53 11.78 RocketPharm RCKT ... dd 20.69 –1.21 ... 10.70 9.99 SizzleAcqn SZZL ... cc 10.68 +0.01 ...
6.20 1.22 NeuroPace NPCE ... dd 4.48 –0.22 ... 37.45 21.56 PAM Transport PTSI ... 8 26.46 –0.49 ... 79.55 56.29 PriceSmart PSMT 1.2 22 74.09 –0.90 .46 37.65 18.00 RockyBrands RCKY 3.1 12 20.03 –0.73 .155 26.05 17.50 SkywardSpecIns SKWD ... 37 25.26 +0.60 ...
63.06 25.06 NewFortressEner NFE .4 54 27.44 –2.52 .10 6.65 4.90 P&FIndustries PFIN 3.1 dd 6.43 –0.12 .05 21.73 11.07 PrimeMedicine PRME ... dd 15.00 +0.09 ... 7.35 4.77 RockyMtnChoc RMCF ... dd 5.50 +0.10 ... 40.02 14.76 SkyWest SKYW ... 61 39.57 +0.88 ...
13.59 11.17 NewMtnFin NMFC10.6 15 12.03 –0.23 .03 20.42 12.86 PCB Bancorp PCB 4.6 7 15.63 +0.09 .18 11.05 9.88 PrimeNumberI A PNAC ... cc 10.55 –0.01 ... 10.83 2.87 RoivantSciences ROIV ... dd 9.80 +0.15 ... 123.69 76.16 Skyworks SWKS 2.4 15 102.02 –7.24 .62
11.67 9.87 NewProvidenceII A NPAB ... 86 10.70 +0.07 ... 56.68 37.76 PCConnection CNXN .7 14 44.22 –1.51 .08 0.31 0.08 PrimeNumberI Rt PNACR ... ... .23 –0.01 ... 101.42 38.26 Roku ROKU ... dd 62.57 –8.12 ... 50.61 17.50 SleepNumber SNBR ... 11 22.41 +0.77 ...
12.96 8.28 NY Mortgage NYMT12.4 dd 9.65 –0.29 .30 5.68 3.94 PCTEL PCTI 4.6 15 4.75 +0.02 .055 14.41 7.01 PrimisFinl FRST 4.6 11 8.67 –0.43 .10 27.36 3.31 Root ROOT ... dd 10.98 +4.63 ... 2.65 1.37 SmartSand SND ... 46 1.62 –0.07 ...
32.88 7.52 NewAmstPharma NAMS ... dd 12.20 +0.20 ... 82.24 51.72 PDC Energy PDCE 2.3 3 68.34 –2.86 .40 37.60 23.49 PrincetonBncp BPRN 4.4 7 27.20 –1.43 .30 122.45 69.24 RossStores ROST 1.2 24 108.66 +0.82 .335 1.51 0.60 SmartShareGlbl EM ... dd .95 ... ...
10.89 10.01 NewcourtAcqnA NCAC ... 66 10.88 –0.01 ... 106.38 38.80 PDD PDD ... 19 69.80 –10.07 ... 96.17 61.05 PrincipalFinl PFG 3.5 4 72.40 –2.38 .64 11.36 9.84 RothCHAcqnV ROCL ... cc 10.33 –0.16 ... 2.26 0.31 SmileDirectClub SDC ... dd .45 –0.03 ...
21.55 7.80 NewellBrands NWL 3.6 dd 7.85 –0.66 .07 45.66 19.53 PDF Solutions PDFS ... cc 43.63 –0.18 ... 44.64 20.64 PriviaHealth PRVA ... cc 24.36 –0.84 ... 5.26 3.14 Rover ROVR ... dd 4.89 –0.09 ... 16.72 8.21 Smith&Wesson SWBI 3.0 17 13.51 +1.58 .10
11.93 5.07 Newmark NMRK 2.0 15 5.89 –0.43 .03 39.35 22.98 PENN Entmt PENN ... 6 23.03 –1.81 ... 9.41 3.68 Procaps PROC ... 14 4.26 ... ... 147.82 84.54 RoyalGold RGLD 1.3 32 114.01 –3.60 .375 13.26 7.02 SnapOne SNPO ... dd 9.67 +0.90 ...
21.69 14.87 NewsCorp A NWSA 1.1 41 18.76 –0.81 .10 7.88 1.43 PLBY Group PLBY ... dd 1.53 –0.33 ... 27.00 9.01 ProFrac ACDC ... 8 11.69 –1.83 ... 44.66 30.68 RoyaltyPharma RPRX 2.6 41 30.95 –0.95 .20 3.07 0.50 SoYoungIntl SY ... dd 1.99 –0.13 ...
21.86 15.15 NewsCorp B NWS 1.1 42 19.00 –0.80 .10 17.77 3.84 PMV Pharm PMVP ... dd 5.85 –0.11 ... 61.79 40.33 ProgressSoftware PRGS 1.3 25 55.08 –3.42 .175 62.20 42.72 RushEnt A RUSHA 1.4 9 59.51 –0.02 .21 10.58 9.79 SocialLvgI A SLAC ... 52 10.20 +0.10 ...
23.11 10.75 NewtekOne NEWT14.6 ... 15.66 –0.92 .18 43.34 17.74 PRA Group PRAA ... 50 22.60 –0.60 ... 46.50 28.03 Progyny PGNY ... 85 36.59 –2.35 ... 68.20 46.88 RushEnt B RUSHB 1.3 10 66.26 –0.10 .21 10.23 4.24 SoFiTech SOFI ... dd 8.28 –0.32 ...
217.76 148.00 NexstarMedia NXST 3.4 7 158.17 –6.86 1.35 52.40 25.29 ProceptBio PRCT ... dd 33.25 –1.40 ... 10.74 9.74 ProjectEnReimag PEGR ... 23 10.34 +0.02 ... 27.53 9.78 RxSight RXST ... dd 26.02 +0.43 ... 18.30 10.93 Sohu.com SOHU ... dd 11.09 –0.67 ...
5.27 1.16 NextCure NXTC ... dd 1.61 –0.03 ... 144.56 97.97 PTC PTC ... 53 140.86 –2.29 ... 11.30 3.99 ProSomnus OSA ... dd 3.99 –0.28 ... 109.20 55.90 Ryanair RYAAY ... 18 104.68 –3.21 ... 6.89 3.00 SolGelTech SLGL ... dd 3.16 –0.12 ...
21.99 15.23 NextGenHlthcr NXGN ... dd 15.82 –0.48 ... 59.84 33.25 PTC Therap PTCT ... dd 41.48 –1.55 ... 8.19 5.92 ProspectCapital PSEC11.8 dd 6.10 –0.13 .06 375.90 190.15 SolarEdgeTech SEDG ... 72 243.65 –33.05 ...
80.15 51.33 Paccar PCAR 1.3 13 78.44 –0.19 .25 S
43.97 28.24 Nextracker NXT ... 19 38.63 –2.80 ... 30.10 7.24 ProtagonistTherap PTGX ... dd 27.61 –0.10 ... 14.25 3.40 SolidBiosci SLDB ... dd 5.49 –1.52 ...
10.16 4.37 NicholasFin NICK ... dd 5.26 –0.04 ... 14.30 3.89 PacBiosciCA PACB ... dd 12.50 –0.25 ... 4.60 2.38 ProtaraTherap TARA ... dd 2.52 –0.29 ... 38.43 24.93 S&T Bancorp STBA 4.7 7 27.11 –2.28 .32 7.77 1.83 SolidPower SLDP ... dd 2.24 –0.12 ...
8.97 0.52 Nikola NKLA ... dd 1.29 +0.10 ... 37.50 17.53 PacificPremBncp PPBI 6.6 7 20.00 –1.67 .33 7.71 0.91 Proterra PTRA ... dd 1.14 –0.16 ... 356.59 215.11 SBA Comm SBAC 1.5 65 223.08 –7.49 .85 5.60 1.98 SomaLogic SLGC ... dd 2.15 –0.22 ...
20.40 1.49 9F JFU ... dd 3.38 –0.50 ... 59.33 35.35 PaciraBioSci PCRX ... dd 40.06 –1.03 ... 79.65 25.02 Prothena PRTA ... dd 69.78 +1.35 ... 3.84 1.15 SCYNEXIS SCYX ... dd 2.85 +0.16 ... 2.77 0.27 Sonder SOND ... dd .54 –0.07 ...
26.00 5.69 908Devices MASS ... dd 7.23 –1.25 ... 12.46 6.85 PactivEvergreen PTVE 5.4 9 7.35 –0.13 .10 15.18 11.61 ProvidentFin PROV 4.6 10 12.27 –0.23 .14 28.50 8.50 SEALSQ LAES ... ... 16.05 –1.70 ... 3.98 0.16 Sono SEV ... ... .28 –0.04 ...
9.60 2.57 NiuTech NIU ... dd 3.89 –0.40 ... 30.43 2.48 PacWestBancorp PACW .6 dd 7.23 –0.90 .01 23.60 11.73 PubMatic PUBM ... 60 18.43 –0.65 ... 64.69 46.30 SEI Investments SEIC 1.5 20 56.98 –2.35 .43 24.56 13.65 Sonos SONO ... dd 15.20 –1.02 ...
18.48 3.12 Nkarta NKTX ... dd 4.62 –0.25 ... 249.26 132.22 PaloAltoNtwks PANW ... cc 243.94 –2.59 ... 24.49 4.07 Pulmonx LUNG ... dd 12.88 +0.26 ... 29.51 11.14 SI-BONE SIBN ... dd 28.86 +0.68 ... 5.77 1.69 SophiaGenetics SOPH ... dd 3.84 –0.51 ...
15.91 8.22 nLIGHT LASR ... dd 15.12 –0.17 ... 95.20 43.64 Palomar PLMR ... 28 60.14 +4.03 ... 5.16 2.08 PumaBiotech PBYI ... 33 3.55 +0.03 ... 26.99 5.11 SIGA Tech SIGA .0 11 5.16 –0.64 .45 20.96 5.78 SoteraHealth SHC ... dd 17.99 +2.97 ...
230.20 1.10 Nogin NOGN ... dd 1.48 +0.22 ... 97.78 66.74 PapaJohn's PZZA 2.4 31 70.87 –3.60 .42 38.90 19.50 PureTechHealth PRTC ... dd 29.70 +1.22 ... 12.50 9.87 SKGrowthOppsA SKGR ... 67 10.59 +0.03 ... 3.11 1.57 SotherlyHotels SOHO ... 1 1.94 –0.07 ...
6.55 3.12 Noodles NDLS ... ... 3.37 +0.02 ... 11.09 9.96 PapayaGrowthI A PPYA ... 43 10.56 +0.04 ... 6.76 2.20 PurpleInnovation PRPL ... dd 2.59 –0.25 ... 17.93 10.81 SLM SLM 2.8 9 15.90 –0.62 .11 31.96 18.75 SouthPlainsFin SPFI 2.3 8 22.65 –1.26 .13
251.26 195.28 Nordson NDSN 1.1 26 235.74 –1.37 .65 30.83 16.06 ParamountA PARAA 1.1 dd 17.73 –1.04 .05 9.63 4.44 Puyi PUYI ... dd 5.10 +0.40 ... 16.09 12.08 SLR Invt SLRC11.7 32 14.01 –0.37.1367 91.74 59.51 SouthState SSB 3.1 9 64.33 –6.54 .50
48.50 33.15 NortheastBank NBN .1 7 40.93 –2.10 .01 27.49 13.80 ParamountB PARA 1.3 dd 15.36 –0.92 .05 6.92 1.10 PyxisOncology PYXS ... dd 2.66 –0.25 ... 27.32 12.04 SMART Global SGH ... cc 25.80 –1.22 ... 49.96 20.75 SouthernFirstBcsh SFST ... 9 26.48 –0.07 ...
15.00 9.25 NorthernTechsIntl NTIC 2.6 34 10.75 –0.49 .07 3.65 1.29 ParatekPharm PRTK ... dd 2.21 +0.03 ... 62.85 35.14 QCR Holdings QCRH .6 7 40.88 –2.16 .06 4.76 0.17 SMXSecurityMatters SMX ... dd .18 –0.46 ... 56.04 30.28 SoMO Bancorp SMBC 2.1 10 39.20 –3.18 .21
104.57 69.54 NorthernTrust NTRS 4.2 12 71.28 –3.43 .75 4.57 0.75 PardesBiosci PRDS ... dd 1.88 –0.01 ... 25.49 9.47 QifuTechnology QFIN 4.2 5 16.30 +0.17 .16 2.37 0.73 SPI Energy SPI ... dd 1.29 –0.14 ... 31.00 19.61 SouthernStBcsh SSBK 1.7 6 21.38 –0.62 .09
16.13 9.13 NorthfieldBanc NFBK 4.7 9 10.97 –0.36 .13 21.36 10.30 Park-Ohio PKOH 2.8 dd 17.63 +0.01 .125 2.14 0.70 QilianIntl QLI .0 30 .91 –0.01 .05 40.13 28.75 SP Plus SP ... 18 36.76 –0.75 ... 42.01 25.44 SouthsideBcshs SBSI 5.4 8 25.74 –1.94 .35
56.77 33.29 NorthrimBanCorp NRIM 5.9 8 37.00 –4.02 .60 2.84 0.80 PassageBio PASG ... dd .83 –0.13 ... 114.59 75.38 Qorvo QRVO ... cc 97.32 –5.30 ... 185.99 100.06 SPS Commerce SPSC ... cc 182.79 –1.91 ... 20.58 12.74 SovosBrands SOVO ... dd 19.44 +0.92 ...
10.75 9.83 NorthViewAcqn NVAC ... 64 10.40 +0.01 ... 52.71 31.16 PathwardFinl CASH .4 10 44.94 –3.36 .05 156.66 101.47 Qualcomm QCOM 2.8 12 113.43 –9.25 .80 64.52 45.25 SS&C Tech SSNC 1.4 25 58.49 –1.63 .20 37.75 20.61 SpartanNash SPTN 4.0 52 21.71 +0.39 .215
0.20 0.06 NorthViewRt NVACR ... ... .16 ... ... 17.46 12.25 PatriaInvts PAX 5.8 24 15.00 +0.46 .226 18.14 9.32 QualtricsIntl XM ... dd 18.05 –0.02 ... 18.92 12.78 SSR Mining SSRM 2.0 19 13.86 –0.57 .07 3.18 0.68 SperoTherap SPRO ... dd 1.60 +0.04 ...
15.35 9.91 NorthwestBcshs NWBI 7.6 10 10.51 –1.08 .20 11.05 10.02 PatriaLatAm PLAO ... 25 10.73 +0.03 ... 162.36 101.10 Qualys QLYS ... 43 124.55 –6.46 ... 16.60 10.08 SabraHealthcare SBRA10.5 dd 11.43 –0.47 .30 116.84 65.00 Splunk SPLK ... dd 100.98 –7.04 ...
40.60 25.58 NorthwestPipe NWPX ... 10 28.83 –1.96 ... 81.49 41.75 PatrickIndustries PATK 2.4 7 74.56 –3.67 .45 28.99 6.66 QuantaSing QSG ... dd 8.55 –0.54 ... 8.31 2.99 Sabre SABR ... dd 3.09 –0.26 ... 13.84 6.13 SpokHoldings SPOK 9.5 8 13.15 +0.46.3125
61.24 48.68 Northwestern NWE 4.6 18 56.13 –2.60 .64 14.17 6.53 PatriotNatBncp PNBK ... 6 7.96 –0.92 ... 24.00 6.31 Quanterix QTRX ... dd 22.43 –0.14 ... 99.75 67.71 SafetyInsurance SAFT 5.1 40 70.70 –2.63 .90 14.56 7.10 Sportradar SRAD ... cc 11.99 +0.43 ...
34.75 23.00 NorwoodFin NWFL 3.8 9 30.73 –0.95 .29 9.80 6.95 PatriotTransport PATI ... 14 8.69 –0.12 ... 2.00 0.86 Quantum QMCO ... dd 1.08 –0.05 ... 29.75 19.07 SagaComm SGA 4.8 14 20.90 –0.19 .25 11.11 4.18 SportsmansWrhs SPWH ... 9 5.11 +0.28 ...
119.61 67.40 Nova NVMI ... 26 112.68 –0.31 ... 32.97 23.87 Patterson PDCO 3.3 15 31.14 +2.64 .26 4.43 1.36 Quantum-Si QSI ... dd 1.55 +0.09 ... 11.72 9.89 SagaliamAcqnA SAGA ... dd 11.72 +0.82 ... 10.79 10.00 SpringValleyII A SVII ... 86 10.53 +0.03 ...
176.43 111.02 Novanta NOVT ... 83 168.73 –0.89 ... 19.81 9.70 PattersonUTIEn PTEN 2.8 9 11.42 –0.29 .08 7.30 1.07 Quhuo QH ... ... 2.13 –0.31 ... 0.28 0.05 SagaliamAcqnRt SAGAR ... ... .13 –0.06 ... 0.29 0.10 SpringValleyII Rt SVIIR ... ... .15 ... ...
76.77 5.61 Novavax NVAX ... dd 6.70 –1.34 ... 139.47 104.09 Paychex PAYX 3.3 26 108.38 –5.21 .89 108.35 66.88 QuidelOrtho QDEL ... 46 84.37 –3.25 ... 59.99 31.42 SageTherap SAGE ... dd 49.76 –5.47 ... 39.78 21.04 SpringWorks SWTX ... dd 26.10 –1.37 ...
120.03 41.50 Novocure NVCR ... dd 41.77 –2.44 ... 34.95 20.50 PaycorHCM PYCR ... dd 22.46 –0.89 ... 2.72 0.54 QuinceTherap QNCX ... dd 1.54 –0.01 ... 330.87 175.48 Saia SAIA ... 24 312.77 –3.10 ... 39.99 24.95 SproutsFarmers SFM ... 15 34.49 +0.69 ...
June 26, 2023 BARRON’S 53

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.
3.57 0.95 SpruceBio SPRB ... dd 2.32 –0.06 ... 47.87 21.50 TitanMachinery TITN ... 6 28.94 +1.43 ... 10.99 2.98 Veritone VERI ... dd 4.18 –0.31 ... 7.12 2.32 WaveLifeSci WVE ... dd 3.74 –0.24 ... 147.31 58.44 WorldAcceptance WRLD ... 39 128.63 +2.43 ...
112.27 46.36 StaarSurgical STAA ... 79 50.96 –1.65 ... 36.60 11.00 Torm TRMD25.8 3 23.61 –1.95 1.46 26.44 4.14 VeronaPharma VRNA ... dd 21.52 +0.29 ... 209.64 145.16 WD-40 WDFC 1.8 42 184.12 –16.99 .83 117.86 50.81 WynnResorts WYNN .0 dd 104.20 +0.47 .25
9.23 4.80 Stagwell STGW ... cc 7.21 –0.38 ... 47.98 37.60 TowerSemi TSEM ... 15 38.55 –2.63 ... 8.70 1.79 VerricaPharm VRCA ... dd 5.99 +0.05 ... 51.77 29.59 WSFS Financial WSFS 1.7 8 35.17 –3.24 .15 XYZ
2.65 0.92 StdBioTools LAB ... dd 2.00 –0.14 ... 33.42 21.22 TowneBank TOWN 4.3 9 23.46 –1.81 .25 8.01 6.37 VersaBank VBNK 1.0 9 7.46 –0.39.0188 10.02 3.28 WW Intl WW ... dd 6.24 –0.46 ...
27.82 16.85 StarBulkCarriers SBLK21.1 4 18.03 –0.38 .35 251.17 181.40 TractorSupply TSCO 1.9 23 218.70 –0.23 1.03 23.77 9.62 Vertex VERX ... dd 18.95 –1.60 ... 13.13 1.58 Wag! PET ... dd 2.28 +0.01 ... 8.00 4.30 XIAO-I AIXI ... ... 5.40 –0.13 ...
1.59 0.65 StarEquity STRR ... dd 1.34 –0.01 ... 78.60 39.00 TradeDesk TTD ... cc 76.24 –0.19 ... 354.46 271.61 VertexPharm VRTX ... 28 347.00 –0.89 ... 42.74 29.48 WalgreensBoots WBA 6.1 dd 31.40 –1.27 .48 32.09 15.68 XOMA XOMA ... dd 18.51 +1.41 ...
20.79 13.15 StarWi STHO ... ... 13.34 –0.69 ... 79.98 51.47 Tradeweb TW .5 46 69.38 –1.41 .09 25.30 10.30 XP XP ... 20 23.45 +1.32 ...
43.00 13.01 VerveTherap VERV ... dd 18.55 –1.35 ... 14.80 6.87 WalkMe WKME ... dd 8.48 –0.69 ...
115.48 74.87 Starbucks SBUX 2.2 32 98.34 –3.53 .53 0.20 0.09 TrailblazerI Rt TBMCR ... ... .15 +0.02 ... 6.69 3.00 XBiotech XBIT ... dd 6.04 –0.15 ...
45.45 9.29 ViaRenewables VIA 38.4 dd 9.45 –1.25.9063 17.65 8.82 WarnerBrosA WBD ... dd 11.79 –1.01 ...
3.97 2.37 StealthGas GASS ... 3 3.84 +0.45 ... 10.17 10.08 TrailblazerI A TBMC ... dd 10.16 –0.01 ... 77.66 56.89 XcelEnergy XEL 3.3 19 62.10 –1.82 .52
6.31 3.15 ViantTech DSP ... dd 4.37 –0.19 ... 38.76 21.57 WarnerMusic WMG 2.5 32 26.07 –1.09 .16
136.46 62.44 SteelDynamics STLD 1.7 5 102.68 +0.15 .425 9.44 3.60 TransActTechs TACT ... 59 8.91 +0.19 ... 38.20 24.46 Xencor XNCR ... dd 25.55 –0.94 ...
47.35 25.38 ViaSat VSAT ... dd 38.74 –1.23 ... 39.17 23.90 WashingtonFederal WAFD 3.8 6 26.30 –2.53 .25
32.12 19.83 StepStone STEP 3.5 dd 23.05 –1.77 .25 43.75 28.98 XenonPharm XENE ... dd 40.01 –0.78 ...
94.10 50.32 Transcat TRNS ... 63 87.24 –1.51 ... 12.40 8.42 Viatris VTRS 4.9 6 9.76 –0.53 .12 55.93 22.26 WashTrBcp WASH 8.3 7 26.91 –1.14 .56
56.12 39.63 Stericycle SRCL ... 50 43.77 –2.51 ... 90.15 30.00 TransMedics TMDX ... dd 80.07 +1.44 ... 3.07 0.97 XerisBiopharma XERS ... dd 2.93 +0.16 ...
16.00 8.52 ViaviSolutions VIAV ... 57 10.40 –0.25 ... 18.93 12.93 WaterstoneFinl WSBF 5.5 19 14.56 –0.39 .20
23.36 10.58 SterlingCheck STER ... 90 12.12 +0.23 ... 19.40 11.80 Xerox XRX 7.0 dd 14.19 –0.80 .25
10.86 4.10 Travelzoo TZOO ... 16 9.03 –0.26 ... 82.40 38.71 Vicor VICR ... 75 53.07 –1.81 ... 70.18 16.96 WeatherfordIntl WFRD ... 26 62.64 +1.97 ...
54.44 20.46 SterlingInfr STRL ... 18 52.59 +0.73 ... 4.92 1.95 XilioTherap XLO ... dd 2.74 –0.26 ...
29.14 14.51 TravereTherap TVTX ... dd 16.14 –1.16 ... 34.01 22.22 VictoryCapital VCTR 3.7 9 30.66 –1.02 .32 25.57 10.02 Weibo WB .0 13 13.35 –1.90 .85
37.85 26.36 StevenMadden SHOO 2.7 13 30.87 –3.25 .21 64.35 12.45 Xometry XMTR ... dd 20.78 –1.89 ...
27.97 14.06 TreaceMed TMCI ... dd 25.55 +0.31 ... 2.54 0.13 View VIEW ... dd .13 ... ... 10.57 9.89 WelsbachTech WTMA ... dd 10.57 +0.04 ...
8.85 2.63 StitchFix SFIX ... dd 3.69 –0.33 ... 2.46 0.32 Xos XOS ... dd .32 –0.09 ...
11.27 5.06 TremorIntl TRMR ... dd 6.87 –0.23 ... 4.96 0.34 ViewRay VRAY ... dd .38 –0.09 ... 0.27 0.02 WelsbachTechRt WTMAR ... ... .07 +0.02 ...
78.71 41.61 StockYardsBncp SYBT 2.6 11 44.50 –3.51 .29 2.23 0.85 Xunlei XNET ... 7 1.83 –0.03 ...
4.68 1.43 TreviTherap TRVI ... dd 2.74 +0.28 ... 16.77 2.26 VigilNeurosci VIGL ... dd 9.60 –0.76 ... 23.90 18.34 Wendy's WEN 4.7 26 21.41 –1.06 .25
22.87 6.88 StokeTherap STOK ... dd 11.11 –1.89 ... 20.48 2.70 Y-mAbsTherap YMAB ... dd 7.15 –0.43 ...
58.62 28.66 TriCoBancshares TCBK 3.6 8 33.41 –4.07 .30 25.72 2.53 VikingTherap VKTX ... dd 20.40 –0.68 ... 7.51 1.39 WerewolfTherap HOWL ... dd 2.82 –0.37 ...
14.60 7.20 StoneCo STNE ... dd 13.55 +0.03 ... 8.51 1.23 Yellow YELL ... dd 1.28 –0.45 ...
31.89 21.41 TriMas TRS .6 19 25.73 –1.25 .04 24.28 19.09 VillageSuper A VLGEA 4.5 7 21.99 –0.24 .25 50.31 35.84 WernerEnterprises WERN 1.3 13 43.68 –0.65 .14 47.23 36.85 YorkWater YORW 1.9 31 41.91 –1.84.2027
106.35 72.16 StoneX SNEX ... 8 84.22 –5.73 ... 72.24 45.43 Trimble TRMB ... 26 49.55 –3.12 ... 7.74 3.07 Vimeo VMEO ... dd 4.10 –0.28 ... 41.37 19.84 WesBanco WSBC 5.7 8 24.74 –1.81 .35 10.47 9.80 YottaAcqn YOTA ... cc 10.42 –0.05 ...
21.44 11.04 Stratasys SSYS ... dd 16.33 –1.06 ... 1.50 0.80 TrinityBiotech TRIB ... dd 1.00 –0.04 ... 11.98 7.70 VinciPartners VINP 7.7 13 9.15 –0.01 .16 26.26 15.04 WestBancorp WTBA 5.3 8 18.72 –1.24 .25 11.90 1.50 Yunji YJ ... dd 1.72 –0.24 ...
98.22 59.92 StrategicEd STRA 3.4 45 70.00 –4.97 .60 16.43 10.23 TrinityCapital TRIN13.9 dd 13.40 –0.17 .05 9.91 0.96 VintageWineEstates VWE ... dd .97 –0.16 ... 63.86 35.52 WestamericaBncp WABC 4.3 7 38.94 –2.79 .42 53.95 20.98 ZaiLab ZLAB ... dd 25.30 –3.78 ...
34.82 16.06 Strattec STRT ... dd 17.50 –1.11 ... 40.17 19.25 Trip.com TCOM ... 27 34.28 –1.72 ... 1.90 0.70 ViomiTech VIOT ... dd .91 –0.02 ... 12.67 9.80 WesternAcqn WAVS ... dd 10.41 –0.04 ... 10.91 2.00 ZappEV ZAPP ... dd 2.00 –0.08 ...
38.01 18.51 StratusProp STRS .0 3 26.87 +0.67 4.67 28.05 14.39 Tripadvisor TRIP ... dd 16.30 –0.48 ... 31.78 18.05 VirBiotech VIR ... dd 24.56 –0.67 ... 50.95 29.73 WesternDigital WDC ... dd 37.86 –2.61 ... 365.97 224.87 ZebraTech ZBRA ... 34 264.33 –18.07 ...
37.90 3.58 StrongholdDig SDIG ... dd 4.25 +0.25 ... 9.23 0.82 TritiumDCFC DCFC ... ... 1.15 +0.04 ... 5.75 0.88 ViractaTherap VIRX ... dd 1.58 ... ... 10.25 5.58 WestNewEngBncp WNEB 4.9 5 5.77 –0.12 .07 32.34 15.55 ZentalisPharm ZNTL ... dd 29.00 +1.38 ...
36.00 20.80 StructureTherap GPCR ... ... 29.32 –2.66 ... 76.49 45.08 TriumphFinl TFIN ... 17 59.23 –1.28 ... 5.07 3.16 VircoMfg VIRC ... 3 3.88 ... ... 16.00 6.40 WestportFuelSys WPRT ... dd 7.99 –0.55 ... 15.73 0.75 ZeroFox ZFOX ... dd 1.08 –0.11 ...
30.83 17.06 SummitFin SMMF 3.7 5 21.36 +0.11 .20 2.03 0.93 trivago TRVG ... dd 1.22 +0.08 ... 25.71 16.26 VirtuFinancial VIRT 5.4 9 17.74 –0.82 .24 14.71 9.34 WestrockCoffee WEST ... dd 11.20 –0.52 ... 6.92 4.05 ZevraTherapeutics ZVRA ... dd 5.53 –0.28 ...
17.92 12.36 SummitStateBk SSBI 3.2 6 14.95 –1.84 .12 3.49 1.30 TrueCar TRUE ... dd 2.15 –0.12 ... 248.23 141.80 VirtusInvtPtrs VRTS 3.4 12 196.77 –14.89 1.65 32.03 19.89 WeycoGroup WEYS 3.8 8 26.45 –2.33 .25 94.59 58.08 ZiffDavis ZD ... cc 64.86 –2.29 ...
5.78 0.66 SummitTherap SMMT ... dd 2.65 +0.57 ... 82.49 19.51 Trupanion TRUP ... dd 22.60 –3.49 ... 10.55 9.83 ViscogliosiBros VBOC ... cc 10.48 –0.01 ... 29.71 10.98 Willdan WLDN ... dd 17.59 –0.71 ... 48.48 26.21 Zillow A ZG ... dd 46.96 +1.20 ...
23.55 13.25 SunCountryAir SNCY ... 23 19.98 –0.01 ... 39.36 27.18 TrustcoBank TRST 5.0 7 28.75 –1.79 .36 11.23 10.01 VisionSensingA VSAC ... cc 10.66 –0.57 ... 65.19 32.56 WillisLease WLFC ... 9 40.06 –3.48 ... 49.39 26.14 Zillow C Z ... dd 48.07 +1.39 ...
11.67 6.33 SunOpta STKL ... dd 6.98 –0.01 ... 38.47 20.28 Trustmark TRMK 4.2 14 21.68 –0.49 .23 171.66 97.25 Visteon VC ... 30 142.57 –7.17 ... 258.93 188.99 WillisTowers WTW 1.4 23 232.52 –2.48 .84 20.33 5.05 ZimVie ZIMV ... dd 10.52 –1.15 ...
28.42 9.37 SunPower SPWR ... 88 10.09 –0.91 ... 6.03 1.45 TScanTherap TCRX ... dd 2.70 –0.01 ... 29.70 7.39 VitaCoco COCO ... cc 28.26 –0.58 ... 2.38 0.56 WiMiHologram WIMI ... dd 1.13 +0.12 ... 59.75 18.26 ZionsBancorp ZION 6.2 5 26.60 –2.03 .41
39.13 14.55 SunRun RUN ... cc 17.21 –2.13 ... 2.90 0.49 Tuniu TOUR ... dd 1.63 –0.14 ... 18.18 7.89 VitalFarms VITL ... 58 13.18 –0.05 ... 223.77 72.11 Wingstop WING .4 94 187.32 –0.85 .19 124.05 60.45 ZoomVideo ZM ... cc 66.62 –3.44 ...
270.18 37.01 SuperMicroComp SMCI ... 20 216.06 –14.71 ... 14.74 6.17 TurtleBeach HEAR ... dd 11.02 ... ... 23.99 11.65 Vitru VTRU ... 22 16.00 +0.30 ... 373.02 190.81 Winmark WINA .9 31 339.94 –18.52 .80 51.86 20.33 ZoomInfoTech ZI ... 95 23.99 –2.83 ...
19.09 7.14 SuperiorGroup SGC 5.8 dd 9.61 +0.75 .14 10.85 0.75 TuSimple TSP ... dd 2.01 –0.14 ... 9.89 6.29 VividSeats SEAT ... 19 7.49 –0.04 ... 97.81 57.48 WintrustFinl WTFC 2.3 8 68.77 –1.34 .40 194.21 84.93 Zscaler ZS ... dd 142.70 –11.31 ...
42.09 27.73 SupernusPharms SUPN ... 37 32.63 –1.14 ... 6.31 1.57 23andMe ME ... dd 1.64 –0.17 ... 15.90 9.00 Vodafone VOD 10.2 2 9.23 –0.24.4707 3.20 0.81 WISeKey WKEY ... dd 1.89 –0.28 ... 31.21 13.19 Zumiez ZUMZ ... cc 16.87 +2.31 ...
2.15 0.56 SurfaceOncol SURF ... dd .83 +0.04 ... 14.46 7.91 TwinDisc TWIN ... 16 11.36 –0.71 ... 7.57 3.48 VorBiopharma VOR ... dd 4.31 –0.76 ... 101.55 56.17 Wix.com WIX ... dd 77.59 –7.43 ... 10.80 4.11 Zymeworks ZYME ... 3 8.11 –0.01 ...
6.77 0.17 Surgalign SRGA ... dd .28 –0.94 ... 58.76 11.46 TwistBiosci TWST ... dd 17.28 –1.03 ... 14.34 4.77 VoyagerTherap VYGR ... 5 11.93 –1.04 ... 117.23 79.26 Woodward WWD .8 44 114.15 –0.09 .22 17.25 7.09 Zynex ZYXI ... 21 9.47 –0.16 ...
44.59 20.46 SurgeryPartners SGRY ... dd 40.46 –0.56 ... 18.88 8.25 2seventybio TSVT ... dd 10.00 –0.21 ... 2.76 0.73 Vroom VRM ... dd 1.28 +0.02 ... 226.06 128.72 Workday WDAY ... dd 222.25 –0.15 ... 25.00 0.24 ZyVersaTherap ZVSA ... dd .26 –0.07 ...
39.53 16.00 Surmodics SRDX ... dd 30.00 +4.92 ... 13.15 3.37 2U TWOU ... dd 3.63 –0.55 ...
8.72 4.01 SutroBioph STRO ... dd 5.11 +0.01 ... 19.74 5.50 TyraBiosciences TYRA ... dd 17.51 +0.51 ...
184.75 1.04 Swvl SWVL ... ... 1.16 +0.02 ... U
53.83 8.75 Symbotic SYM ... dd 39.51 –11.71 ...
149.96
1.87
67.73
0.51
Synaptics
Synchronoss
SYNA ...
SNCR ...
18
dd
81.16
.89
–3.37 ...
–0.09 ...
99.40
99.19
5.79
66.00
50.68
2.31
UFP Inds
UMB Fin
UPFintech
UFPI 1.1
UMBF 2.6
TIGR ... 38
9
7
90.13
57.40
2.76
+0.86 .25
–5.76 .38
–0.31 ...
Europe Asia
29.86 18.05 SyndaxPharm SNDX ... dd 20.92 –0.03 ...
79.77 22.89 SyneosHealth SYNH ... 29 41.83 +0.03 ... 14.97 8.56 USCB Financial USCB ... ... 10.78 +0.33 ... Ill Wind: Germany’s Siemens Energy cut its outlook because Endangered Doves: A Japan inflation measure hit a 42-
468.03 267.00 Synopsys SNPS ... 71 419.56 –21.63 ... 196.80 102.12 US Lime&Min USLM .4 20 192.29 –1.71 .20 of problems with its wind turbines. England’s bank hiked rates. year high in May—pressuring the central bank’s loose ways.
2.45 1.71 SyprisSolutions SYPR ... dd 1.89 ... ... 11.45 9.90 UTA Acqn A UTAA ... 60 10.58 +0.01 ...
11.00 2.42 SyrosPharm SYRS ... dd 2.88 –0.30 ... 6.60 0.46 uCloudlink UCL ... dd 3.16 –0.07 ...
T
17.26 8.17 Udemy UDMY ... dd 10.02 –0.59 ... -2.99% S&P Europe -2.42% S&P Pan Asia
556.60 360.58 UltaBeauty ULTA ... 18 453.45 +5.54 ...
13.18 6.40 TelaBio TELA ... dd 10.43 –0.73 ... 39.10 23.32 UltraClean UCTT ... cc 36.19 –1.86 ... -1.33 Greece -0.27 Malaysia
6.73 0.43 TFF Pharm TFFP ... dd .48 +0.01 ... 68.68 33.36 UltragenyxPharm RARE ... dd 50.20 +1.92 ... -1.63 Switzerland -0.55 Taiwan
15.70 11.05 TFS Finl TFSL 9.2 43 12.24 –0.50.2825 5.77 3.67 Ultralife ULBI ... dd 4.75 –0.20 ...
10.84 9.92 TGVentureAcqn TGVC ... dd 10.49 +0.01 ... 28.84 20.07 UnionBankshares UNB 6.3 8 22.98 –0.16 .36 -2.37 Denmark -1.01 Indonesia
11.42 10.02 TKBCriticalTech1 USCT ... dd 10.59 +0.04 ... 28.26 10.51 uniQure QURE ... dd 11.45 –8.00 ...
11.35 9.97 TLGY Acqn A TLGY ... 50 10.80 +0.12 ...
-2.38 Spain -1.06 India
55.04 31.58 UnitedAirlines UAL ... 9 52.65 –0.85 ...
1.70 0.51 TMCthemetals TMC ... dd 1.43 +0.06 ... 44.15 27.68 UnitedBkshrsWV UBSI 4.9 10 29.54 –2.22 .36 -2.41 Italy -1.27 New Zealand
10.28 10.10 TMT Acqn TMTC ... dd 10.22 ... ... 39.50 20.37 UtdCmtyBks UCBI 3.8 9 24.12 –2.25 .23
154.38 124.92 T-MobileUS TMUS ... 43 132.80 +1.87 ... 37.26 20.85 UnitedFire UFCS 2.9 dd 22.17 –0.90 .16
-2.63 U.K. -1.62 Japan
44.43 23.09 TPG TPG 5.0 dd 27.25 –2.64 .20 17.45 8.29 UnitedGuardian UG 7.3 16 8.45 –0.17 .31 -3.09 Belgium -1.71 Philippines
25.05 8.46 TPIComposites TPIC ... dd 9.00 –1.99 ... 8.38 5.50 UnitedSecBcshrs UBFO 6.8 6 6.51 –0.18 .11
134.64 93.53 T.RowePrice TROW 4.6 17 106.33 –7.85 1.22 283.09 201.65 UnitedTherap UTHR ... 15 222.36 –7.90 ... -3.11 France -1.99 South Korea
77.11 30.77 TTEC TTEC 3.2 18 32.77 –2.20 .52 10.44 2.94 Uniti UNIT14.5 dd 4.14 –0.41 .15
17.49 11.13 TTM Tech TTMI ... 19 13.38 –0.28 ...
-3.15 Netherlands -2.14 Australia
29.88 20.01 UnityBancorp UNTY 2.0 6 23.56 –0.34 .12
4.45 1.52 Taboola TBLA ... dd 3.19 +0.22 ... 18.50 1.46 UnityBiotech UBX ... dd 3.25 +0.05 ... -3.19 Germany -2.54 Singapore
8.16 2.33 TabulaRasaHlth TRHC ... dd 6.83 –0.50 ... 157.50 89.41 UnivDisplay OLED 1.0 32 135.95 –7.42 .35
25.38 6.29 TactileSystems TCMD ... dd 23.53 –0.89 ...
-4.05 Sweden -3.63 Thailand
29.28 7.59 UnvlElectronics UEIC ... dd 9.14 +1.16 ...
142.17 90.00 TakeTwoSoftware TTWO ... dd 141.85 +3.21 ... 45.00 24.10 UnivLogistics ULH 1.5 5 27.78 –1.49 .105 -4.07 Norway -3.81 Hong Kong
8.45 0.89 TalarisTherap TALS ... dd 3.06 +0.62 ... 13.27 6.52 UnvlStainless USAP ... dd 12.30 +0.30 ...
70.81 23.60 TandemDiabetes TNDM ... dd 25.01 –2.09 ... 2.08 0.44 UniversePharm UPC ... dd .46 –0.06 ...
-5.74 Finland -6.13 China
8.56 2.47 TangoTherap TNGX ... dd 3.74 +0.23 ... 29.06 16.11 UnivestFin UVSP 4.5 7 18.51 –1.35 .21
8.25 2.73 TarenaIntl TEDU ... 36 2.88 –0.27 ... Indexes based on S&P Global Broad Market Indices Source: S&P DJ Indices
35.00 16.82 Upbound UPBD 4.5 27 30.49 –1.78 .34
11.29 9.88 TargetGlbl I A TGAA ... 64 10.67 +0.05 ... 16.33 2.73 UplandSoftware UPLD ... dd 3.23 –0.30 ...
20.09
24.37
7.72
11.33
10.37
4.97
TarsusPharm
TaskUs
TatTechnologies
TARS ...
TASK ...
TATT ...
dd
29
cc
18.25
11.12
7.67
–0.26 ...
–0.24 ...
–0.05 ...
41.30
25.05
34.48
11.93
6.56
18.20
Upstart
Upwork
UrbanOutfitters
UPST ...
UPWK ...
URBN ...
dd
dd
16
30.12
8.93
31.34
–7.12 ...
–0.43 ...
–0.96 ...
Key Foreign Stock Market Indexes
Most Recent Week’s Year-to-Date Most Recent Week’s Year-to-Date
5.09 0.61 TayshaGene TSHA ... dd .66 –0.11 ... 16.11 6.87 UroGenPharma URGN ... dd 11.46 –0.54 ... Close %Chg. Chg. % Chg. Close %Chg. Chg. % Chg.
11.15 9.95 Tech&TelecomA TETE ... 96 10.80 +0.07 ... 2.60 1.22 Usio USIO ... dd 1.73 –0.18 ...
72.79 28.25 TechTarget TTGT ... 28 31.31 –3.12 ... Amsterdam AEX 756.60 –2.09 +67.59 +9.81 Milan FTSE All Share 29479 –1.77 +3760.02 +14.62
109.50 80.10 UtahMedProducts UTMD 1.3 19 87.76 –6.37 .295
8.05 5.01 Ericsson ERIC 3.2 10 5.04 –0.39.0873 5.03 3.05 UTStarcom UTSI ... dd 3.57 –0.08 ... Athens General 1268.71 –0.69 +338.92 +36.45 Oslo Composite 1366.45 –3.77 +3.77 +0.28
14.21 6.00 Telesat TSAT ... dd 8.94 –0.16 ... 10.70 0.80 Uxin UXIN ... 0 1.42 +0.04 ... Bangkok SET 1505.52 –3.45 –163.14 –9.78 Paris CAC 7163.42 –3.05 +689.66 +10.65
3.32 1.08 TelesisBio TBIO ... dd 1.62 –0.50 ...
VW Bombay Sensex 62979 –0.64 +2138.63 +3.52 Santiago Selective 3209.76 –1.05 +37.19 +1.17
12.51 1.53 Telos TLS ... dd 2.46 –0.24 ...
15.15 0.23 TempoAutomation TMPO ... dd .39 –0.01 ... 6.83 2.53 VNET VNET ... dd 2.88 –0.43 ... Brussels Bel-20 3523.37 –3.69 –177.80 –4.80 Sao Paulo Bovespa 118977 +0.18 +9242.50 +8.42
59.56 23.81 10xGenomics TXG ... dd 54.62 –3.49 ... 14.75 6.01 VOXX Intl VOXX ... dd 11.27 –0.38 ...
52.55 28.80 Tenable TENB ... dd 40.73 –1.11 ... 59.15 31.85 VSE VSEC .8 22 51.93 –3.44 .10 Buenos Aires Merval 420736 +2.76 +218651 +108.20 Seoul Composite 2570.10 –2.12 +333.70 +14.92
8.09 1.64 TenayaTherap TNYA ... dd 5.74 –0.97 ... 5.70 0.58 Vacasa VCSA ... dd .62 –0.05 ... Copenhagen OMX 20 2011.63 –2.24 +176.34 +9.61 Shanghai Composite 3197.90 –2.30 +108.64 +3.52
10.58 10.09 TenXKeaneAcqn TENK ... ... 10.53 +0.05 ... 7.45 2.02 Vaccitech VACC ... dd 2.28 –0.02 ... Dublin ISEQ 8580.63 –2.18 +1471.81 +20.70 Shenzhen B Share Idx 1132.45 –0.68 –24.88 –2.15
112.17 67.81 Teradyne TER .4 28 105.16 –5.90 .11 10.86 9.94 VahannaTechI A VHNA ... cc 10.62 +0.03 ...
14.04 1.79 TernsPharm TERN ... dd 10.94 +0.02 ... 13.07 6.39 ValleyNatlBncp VLY 5.9 7 7.51 –0.81 .11 EURO STOXX SXXE 448.64 –3.09 +38.67 +9.43 Singapore FTSE STI 3191.60 –2.10 –59.72 –1.84
25.50 9.57 TerritorialBncp TBNK 7.7 8 11.94 –0.50 .23 29.67 9.07 Valneva VALN ... dd 15.75 +1.09 ... EURO STOXX 50 SXSE 4271.61 –2.80 +477.99 +12.60 Stockholm OMXS 825.16 –3.97 +43.30 +5.54
314.67 101.81 Tesla TSLA ... 75 256.60 –3.94 ... 11.36 10.00 ValuenceI A VMCA ... cc 10.71 –0.01 ...
Frankfurt DAX 15829 –3.23 +1906.35 +13.69 STOXX Europe 50 SXSP 3945.54 –2.18 +293.71 +8.04
8.96 4.03 TesscoTech TESS ... dd 8.94 –0.01 ... 11.90 5.75 VandaPharm VNDA ... 23 6.52 +0.18 ...
169.67 122.86 TetraTech TTEK .7 28 158.92 –3.40 .26 23.78 17.11 VarexImaging VREX ... 32 22.72 –0.22 ... Helsinki OMHX 9835.67 –5.84 –972.11 –8.99 STOXX Europe 600 SXXP 453.14 –2.93 +28.25 +6.65
69.27 42.79 TexasCapBcshs TCBI ... 8 48.94 –4.51 ... 35.09 15.61 VaronisSystems VRNS ... dd 25.00 –1.48 ... Hong Kong Hang Seng 18889 –5.74 –891.44 –4.51 Sydney S&P/ASX 200 7099.20 –2.10 +60.51 +0.86
186.30 144.46 TexasInstruments TXN 3.0 19 167.68 –9.08 1.24 5.65 3.05 VastaPlatform VSTA ... dd 3.62 +0.25 ...
116.72 71.95 TexasRoadhouse TXRH 2.0 26 108.81 –1.16 .55 54.97 19.36 Vaxcyte PCVX ... dd 54.06 +2.91 ... Istanbul IMKB 5582.75 +1.96 +73.59 +1.34 Taipel Weighted 17202 –0.50 +3064.71 +21.68
37.58 18.12 TheBancorp TBBK ... 12 31.74 –3.11 ... 4.47 1.24 Vaxxinity VAXX ... dd 2.51 +0.16 ... Jakarta Composite 6650.76 –0.46 –199.86 –2.92 Tel Aviv 125 Index 1807.71 –1.84 –5.64 –0.31
11.69 3.25 TherapeuticsMD TXMD ... dd 4.06 +0.21 ... 16.94 4.25 VectivBio VECT ... dd 16.85 –0.05 ... Johannesburg All Share 74402 –5.26 +1354.33 +1.85 Tokyo Nikkei-225 32781 –2.74 +6687.04 +25.63
12.03 7.53 TheravanceBio TBPH ... dd 10.72 +0.15 ... 25.87 16.11 VeecoInstr VECO ... 9 24.21 –0.62 ...
14.77 4.01 TheseusPharm THRX ... dd 9.52 –0.57 ... 47.25 11.07 VentyxBiosciences VTYX ... dd 32.78 +0.79 ... Kuala Lumpur Composite 1390.89 +0.16 –104.60 –6.99 Toronto S&P/TSX 19418 –2.79 +33.31 +0.17
23.71 12.31 ThirdCoastBcshs TCBX ... 11 16.93 –0.13 ... 6.57 2.84 VeraBradley VRA ... dd 6.14 +0.08 ... LISBON PSI 4543.10 –3.02 +122.67 +2.78 Vienna ATX 3056.30 –4.04 –70.09 –2.24
24.60 3.75 ThirdHarmonic THRD ... dd 5.00 +0.05 ... 23.39 5.20 VeraTherap VERA ... dd 17.27 +4.40 ...
London FTSE - 100 7461.87 –2.37 +10.13 +0.14 Wellington S&P/NZX 50 11737 –0.53 +264.31 +2.30
2.39 0.85 36Kr KRKR ... dd .90 –0.05 ... 32.40 14.92 Veracyte VCYT ... dd 25.53 –0.56 ...
6.45 3.41 ThorneHealthtech THRN ... 24 4.75 +0.06 ... 19.77 11.30 Veradigm MDRX ... 30 11.36 –0.27 ... Madrid IBEX 35 9265.78 –2.41 +1036.70 +12.60 Zurich Swiss 11221 –1.45 +491.82 +4.58
17.44 5.93 Thoughtworks TWKS ... dd 7.09 –0.62 ... 36.69 17.30 Vericel VCEL ... dd 36.48 +2.81 ... Manila Composite 6393.55 –1.76 –172.84 –2.63
3.72 0.73 ThredUp TDUP ... dd 2.48 –0.03 ... 51.01 31.63 VerintSystems VRNT ... dd 34.36 –2.02 ...
10.99 9.70 ThunderBridgeIV A THCP ... 65 10.13 +0.06 ... 229.72 162.85 VeriSign VRSN ... 34 221.33 –2.36 ... Mexico City IPC 53341 –2.74 +4878.05 +10.07 Indexes are based on local currencies. Because of various holidays and other market closings, the most
recent close is not necessarily that of the week of publication.
5.12 1.50 TilrayBrands TLRY ... dd 1.52 –0.04 ... 228.43 162.94 VeriskAnalytics VRSK .6 70 224.35 –0.17 .34
35.62 22.11 TimberlandBncp TSBK 3.7 8 24.80 –0.65 .23 33.94 14.88 Veritex VBTX 4.4 7 18.37 –1.63 .20
54 BARRON’S June 26, 2023

D ATA TOP 500 EXCHANGE-TRADED PORTFOLIOS B A R R ON S .C OM / 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 iShESGAwareEM ESGE 2.4 31.35 –1.27 .2272 DirexRealEstBr3 DRV 2.3 52.70 +5.41 .5768 InvscDBOilFund DBO .7 13.91 –0.33 .1002 iShMSCIHongKong EWH 3.1 19.12 –0.84 .3131 SPDREuroStx50 FEZ 3.2 44.37 –2.34 .9444
volume. iShESGAwareUSA ESGU 1.6 95.22 –1.51 .2981 DirexRealEstBl3 DRN 3.3 8.26 –1.15 .0726 InvscDBUSDBull UUP .9 28.35 +0.20 .2466 iShMSCIIndonesia EIDO 3.1 22.92 –0.29 .4814 SPDRGoldMini GLDM ... 38.08 –0.72 ...
iShESGUSDCorpBd SUSC 3.4 22.67 +0.01 .0729 DirexRegBksBl3x DPST 5.0 49.70 –13.46 .4605 InvscEMSovDebt PCY 6.5 19.29 –0.04 .1102 iShMSCIIntlQual IQLT 2.3 34.80 –1.22 .4842 SPDR Gold GLD ... 178.20 –3.43 ...
Tick Div
Name Sym Yld Last Chg. Amt. iShFallAngelsUSDBd FALN 5.3 25.02 –0.15 .1119 DirexRetailBull3 RETL 1.7 6.44 –0.24 .0461 InvscNatAMTFrMuni PZA 2.8 23.62 –0.01 .0587 iShMSCIIntlValue IVLU 3.7 24.92 –0.72 .6309 SPDR ICE Pfd PSK 6.5 33.23 –0.09 .18
iSh5-10YIGCorpBd IGIB 3.4 50.47 +0.02 .1646 DirexS&P500Br3 SPXS 2.6 14.94 +0.50 .1581 InvscPreferred PGX 7.3 11.19 –0.12 .0613 iShMSCIJapan EWJ .9 60.91 –2.19 .4306 SPDRNuvBBHYMuni HYMB 3.9 25.04 +0.04 .0847
Bats iShGlbCleanEner ICLN .9 17.78 –0.98 .1246 DirexS&P500Bl3 SPXL .8 84.32 –4.14 .2585 InvscRuss1000EW EQAL 1.9 40.30 –1.50 .1875 iShMSCIMalaysia EWM 2.9 20.03 –0.32 .3652 SPDRNuveenMuniBd TFI 2.1 46.27 +0.12 .0864
ARKGenomicRev ARKG ... 32.79 –1.82 ... iShGlbInfr IGF 2.6 45.99 –1.40 .6754 DirexS&PBiotechBr3 LABD 3.0 13.47 +0.99 .0998 InvscS&P500EW RSP 1.8 144.77 –4.06 .6421 iShMSCIMexico EWW 2.1 61.66 –2.44 .4584 SPDRNuveenSTMuni SHM .8 47.04 +0.12 .0383
BlkRkShMaturityBd NEAR 3.0 49.69 +0.07 .1751 iShiBdsDec25Trea IBTF 3.1 23.20 +0.02 .0781 DirexS&PBiotechBl3 LABU .1 6.37 –0.58 .0087 InvscS&P500GARP SPGP 1.2 87.32 –2.21 .216 iShMSCIPacxJpn EPP 3.7 41.59 –2.01 .8146 SPDRPtfAggBd SPAB 2.9 25.42 +0.02 .0694
BlkRkUltShBd ICSH 3.2 50.27 +0.06 .1856 iShiBdsDec24Trea IBTE 3.3 23.80 +0.02 .0856 DirexS&P500Br1 SPDN 3.5 14.59 –0.04 .2654 InvscS&P500HiBeta SPHB .6 73.06 –2.34 .1344 iShMSCIPoland EPOL 1.4 18.88 –0.45 .2684 SPDRPtfDevxUS SPDW 2.9 31.88 –1.68 .584
DimenIntlCore2 DFIC 2.2 23.74 –1.07 .2633 iShiBdsDec26Trea IBTG 3.0 22.72 +0.02 .0727 DirexHiBetaBear3X HIBS 2.5 4.19 +0.33 .0366 InvscS&P500HiDiv SPHD 4.3 40.12 –1.53 .1551 iShMSCISaudiArabia KSA 2.2 40.75 –1.17 .4889 SPDRPtfEM SPEM 3.2 33.91 –1.74 .446
DimenIntlHiProf DIHP 2.1 23.96 –0.98 .1887 iShiBdsDec23Trea IBTD 3.2 24.78 ... .0931 DirexS&POil&GasBr2 DRIP 2.6 15.14 +1.06 .1225 InvscS&P500LowVol SPLV 2.3 61.95 –0.84 .1209 iShMSCISingapore EWS 4.8 18.37 –0.76 .6803 SPDR PtfHYBd SPHY 7.0 22.56 –0.21 .1421
FTCboeVestBf BUFR ... 24.62 –0.23 ... iShJPMUSDEmBd EMB 4.9 86.05 +0.26 .3526 DirexS&POilBl2 GUSH 2.4 108.80 –10.68 .9324 InvscS&P500PrVal RPV 2.7 74.90 –2.76 .4979 iShMSCISouthAfrica EZA 3.4 39.11 –3.14 .6807 SPDRPtfIntermCpBd SPIB 3.3 32.08 ... .0994
FTCboeVstN100Jun QJUN ... 21.89 –0.25 ... iShMBS MBB 2.8 93.64 +0.07 .2693 DirexSemiBr3x SOXS 3.3 11.39 +1.29 .1193 InvscS&P500Qual SPHQ 1.7 49.25 –0.86 .1907 iShMSCISthKorea EWY 1.1 63.31 –3.17 .6974 SPDR PtfIntTrea SPTI 2.1 28.43 +0.03 .067
FTCboeVstN100Mar QMAR ... 23.77 –0.09 ... iShMSCIACWI ACWI 1.7 93.91 –2.17 .9529 DirexSemiBl3 SOXL .6 21.89 –3.35 .038 InvscSrLoan BKLN 7.2 20.80 –0.19 .1607 iShMSCISwitz EWL 2.2 45.64 –0.83 1.0215 SPDRPtfLTCorpBd SPLB 4.5 23.12 +0.01 .0926
FTCboeUSBuffJun FJUN ... 40.81 –0.37 ... iShMSCIACWIxUS ACWX 2.4 48.32 –1.75 .7978 DirexScBear3 TZA 2.4 29.38 +2.35 .2357 InvscSolar TAN ... 68.04 –4.75 ... iShMSCITaiwan EWT 5.0 47.14 –1.31 7.5576 SPDRPtfLgTermTrea SPTL 2.9 30.04 +0.19 .0784
FTCboeUSDeepAug DAUG ... 33.26 –0.46 ... iShMSCIACxJpn AAXJ 1.5 65.80 –3.16 .3966 DirexSCBull3 TNA 1.1 31.66 –3.32 .2275 InvscTaxMuniBd BAB 3.5 26.57 –0.04 .0806 iShMSCIUK EWU 3.4 31.99 –0.98 .6224 SPDRPtfMtgBkdBd SPMB 3.0 21.96 +0.01 .0571
FTCboeUSEqJun XJUN ... 33.00 –0.23 ... iShMSCIChina MCHI 1.8 44.18 –3.46 .4292 DirexTechBear3 TECS 3.1 15.02 +0.90 .1974 InvscUltShDur GSY 3.4 49.63 –0.11 .1841 iShMSCIWorldETF URTH 1.6 121.79 –2.50 1.1697 SPDRS&P500Value SPYV 2.0 42.08 –1.06 .2049
FTCboeVestUSEqJu GJUN ... 29.73 ... ... iShMSCIEAFESC SCZ 1.7 57.94 –2.44 .9993 DirexTechBull3 TECL .3 49.49 –4.01 .0399 InvscVarRtPfd VRP 5.9 22.09 –0.19 .1213 iShNatlMuniBd MUB 2.4 106.95 +0.21 .2307 SPDRPtfS&P1500 SPTM 1.5 53.17 –0.98 .2131
GlbXUSInfrDevt PAVE .7 30.04 –0.15 .1407 iShMSCIEMxChina EMXC 2.4 51.57 –1.44 .376 Direx20+YrTrBull TMF 2.1 7.91 +0.06 .0476 InvscWildClnEngy PBW 4.7 36.74 –3.12 .2587 iShRuss2000Val IWN 2.3 135.79 –4.77 .6279 SPDRPtfS&P500 SPLG 1.5 50.95 –0.93 .2025
GS PhysGold AAAU ... 19.02 –0.36 ... iShMSCIEurFinls EUFN 4.3 18.51 –0.61 .7288 ETFMGAltHarvest MJ 4.6 2.96 –0.11 .03 iShAAA-ACpBd QLTA 3.1 47.12 +0.02 .136 iShRussMC IWR 1.6 70.26 –1.76 .1876 SPDRS&P500Growth SPYG 1.1 59.79 –0.71 .1862
InvscRuss1000Dyn OMFL 1.6 47.83 –0.54 .1678 iSh1-5YIGCorpBd IGSB 2.6 50.12 –0.01 .1341 ETFMGPrmJrSilv SILJ .1 9.20 –0.45 .0057 iShChinaLC FXI 2.2 26.87 –2.04 .1544 iShRussMCGrowth IWP .7 93.14 –2.21 .0852 SPDRS&P500HiDiv SPYD 5.0 35.76 –1.44 .4654
iPathS&P500VIX VXX ... 26.48 –0.82 ... iSh1-3YTreaBd SHY 2.1 81.22 +0.01 .1971 EnSelSectorSPDR XLE 4.1 77.36 –3.50 .7058 iShCoreDivGrowth DGRO 2.4 50.33 –1.05 .2597 iShRuss1000 IWB 1.4 237.76 –3.67 .6331 SPDRPtfS&P400MC SPMD 1.6 43.98 –1.35 .1928
iShBrdUSDHYCpBd USHY 6.5 34.85 –0.36 .2007 iShPfd&Incm PFF 6.9 30.45 –0.14 .1651 FidelityMSCIEn FENY 3.9 21.11 –0.75 .189 iShCoreHiDiv HDV 4.3 98.46 –3.02 .7964 iShRuss1000Grw IWF .8 269.25 –3.03 .3908 SPDRPtfS&P600SC SPSM 1.6 37.22 –1.24 .0275
iShCoreMSCIEAFE IEFA 2.4 66.16 –2.32 1.284 iShSelectDiv DVY 3.8 110.50 –3.75 .8164 FidelityRealEst FREL 4.0 23.81 –1.13 .231 iShCoreMSCIEM IEMG 2.3 48.73 –1.97 .4832 iShRuss1000Val IWD 2.1 153.48 –3.15 .6269 SPDRPtfSTCpBd SPSB 2.9 29.42 +0.01 .0919
iShCurrMSCIEAFE HEFA 3.0 30.33 –0.75 .1133 iShSemiconductor SOXX .9 484.72 –22.78 .6507 FidelityTotalBd FBND 3.7 45.56 +0.01 .151 iShCoreMSCIEur IEUR 3.0 51.33 –1.70 1.1748 iShRussell2000 IWM 1.6 180.57 –5.37 .5087 SPDRShtTermTrea SPTS 2.4 28.86 +0.02 .0865
iShIntlSelDiv IDV 7.4 25.86 –0.95 .7274 iSh7-10YTreaBd IEF 2.4 97.10 +0.23 .2316 FinSelSectorSPDR XLF ... 32.74 –0.84 ... iShMSCIIntlDev IDEV 2.4 59.78 –2.05 1.0833 iShRuss2000Gw IWO .8 233.78 –6.23 .3494 SPDR PtfTIPS SPIP 5.1 25.92 +0.05 .0826
iShUSAero&Def ITA 1.0 113.65 –2.23 .2368 iShShortTreaBd SHV 3.0 110.32 +0.06 .4818 FT DJ GlbSelDiv FGD 5.9 21.53 –0.75 .1088 iShCoreS&P500 IVV 1.5 435.46 –6.17 1.3386 iShS&PMC400Growth IJK 1.1 72.01 –1.46 .1675 SPDRS&PBank KBE 3.7 34.81 –2.55 .3008
iShUSHomeConstrn ITB .6 82.23 +1.50 .0995 iSh3-7YTreaBd IEI 1.8 115.79 +0.06 .2197 FT DJ Internet FDN ... 159.58 –3.13 ... iShCoreS&P MC IJH 1.6 250.62 –6.47 .7563 iShS&P500Grw IVW .9 69.03 –0.65 .1476 SPDR S&P 500 SPY 1.5 433.21 –6.25 1.6384
iShEdgeMSCIMinVlEM EEMV 2.3 54.54 –1.27 .4731 iSh20+YTreaBd TLT 2.9 103.33 +0.73 .273 FT EnergyAlpDx FXN 3.9 14.91 –0.65 .2393 iShCoreS&P SC IJR 1.6 95.54 –3.10 .3512 iShS&P500Value IVE 1.9 156.96 –3.18 .545 SPDR S&P Home XHB .9 76.86 +0.39 .1787
iShEdgeMSCIMinUSA USMV 1.8 72.81 –1.09 .2803 iSh0-5YIGCpBd SLQD 2.5 48.17 –0.01 .1201 FTInstPfdSecs FPEI 5.9 16.76 –0.11 .0946 iShCoreS&PTotUS ITOT 1.5 95.36 –1.62 .2827 iShS&PGSCIComm GSG ... 19.53 –0.50 ... SPDRS&PInsurance KIE 1.8 39.54 –0.83 .1512
iShEdgeMSCIUSAMom MTUM 2.3 140.86 –1.68 .5405 JPMNasdEqPrem JEPQ 11.8 47.77 +0.07 .3628 FT LtdDurIG FSIG 3.5 18.69 +0.01 .07 iShCoreUSAggBd AGG 2.8 98.26 +0.12 .2577 iShS&PSC600Value IJS 1.6 90.90 –3.20 .3943 SPDR S&P Metals XME 1.8 48.69 –1.02 .1635
iShEdgeMSCIUSAQual QUAL 1.3 132.05 –1.45 .3845 ProShUltPrQQQ TQQQ 1.0 38.95 –1.85 .1276 FT MngstrDiv FDL 4.0 33.68 –1.19 .3097 iShUSMedDevices IHI .5 55.58 –0.40 .0531 iShShtNatlMuniBd SUB 1.3 104.00 +0.14 .142 SPDRS&PRegionalBkg KRE 3.9 39.58 –3.49 .3993
iShEdgeMSCIUSAVal VLUE 3.1 91.16 –2.97 .5649 ProShUltShQQQ SQQQ 3.1 20.02 +0.53 .2662 FT NaturalGas FCG 3.7 22.25 –1.01 .2044 iShESGUSAggBd EAGG 2.6 47.33 +0.02 .1291 iShSilver SLV ... 20.58 –1.60 ... SchwabEM Equity SCHE 3.0 24.33 –1.12 .1273
iShExpTechSftwr IGV .0 336.71 –10.58 .0255 USTrea3mBill TBIL 3.0 50.05 +0.04 .2092 FT PfdSecs FPE 6.4 15.89 –0.08 .1038 iShEurope IEV 2.6 49.32 –1.50 1.1033 iShTIPSBondETF TIP 4.3 107.89 +0.12 .3126 SchwabFundEmgLrg FNDE 5.2 26.51 –1.13 .2676
iShFRBd FLOT 4.0 50.73 +0.02 .243 ValkyrieBitcoin BTF 1.0 11.90 +1.70 .1158 FT ValLineDiv FVD 2.2 39.53 –1.01 .2076 iShGlobalEnergy IXC 5.0 35.83 –1.24 .7129 iSh10-20YTreasBd TLH 3.3 111.21 +0.71 .3403 SchwabFundIntLrgCo FNDF 3.2 31.59 –1.38 .3811
iShMSCIEurozone EZU 2.3 44.31 –1.49 .8619 VanEckGlFallAnglHY ANGL 5.0 27.40 –0.15 .1307 FlexGlbUpstmNatRsc GUNR 3.9 39.28 –1.71 .5332 iShGlobalREIT REET 2.6 22.00 –1.14 .1311 iSh10+YIGCpBd IGLB 4.5 51.30 +0.06 .1943 SchwabFundUSLrgCo FNDX 2.0 56.06 –1.39 .277
iShMSCIEAFEGrowth EFG 1.2 93.35 –3.55 .9188 VanEckSemicon SMH ... 147.53 –5.85 ... FlexiBx3YDurTIPS TDTT 4.9 23.58 ... .0895 iShGlobalTech IXN .6 60.48 –1.45 .1657 iShTreaFRBd TFLO 3.5 50.60 +0.03 .2193 SchwabIntmUSTrsr SCHR 2.7 49.52 +0.04 .1256
iShMSCIIndia INDA .2 42.58 –0.55 .0801 VangdIntrCorpBd VCIT 3.3 78.88 +0.02 .251 FrankFTSEIndia FLIN .7 30.09 –0.35 .2121 iShGoldTr IAU ... 36.35 –0.71 ... iShUS Energy IYE 3.7 40.84 –1.54 .251 SchwabIntEquity SCHF 2.9 34.90 –1.58 .3926
iShMSCIEAFEValue EFV 3.9 47.90 –1.49 1.3156 VangdIntermTrea VGIT 2.2 58.92 +0.04 .129 FrankFTSEJapan FLJP 2.1 26.65 –0.93 .361 iShGoldTrMicro IAUM ... 19.17 –0.36 ... iShUSRealEst IYR 3.1 82.24 –3.57 .3959 SchwabIntlSC SCHC 2.2 32.97 –1.53 .165
iShMtgRealEst REM 10.8 22.32 –0.85 .5477 VangdIntlHiDiv VYMI 4.6 61.96 –3.08 1.1866 FrankFTSE UK FLGB 4.0 24.14 –0.70 .481 iShiBdsDec30Cp IBDV 3.5 21.15 ... .0736 iShUSRegBks IAT 4.3 32.61 –1.98 .3101 SchwabSrtTRmUSTrsr SCHO 2.5 48.16 +0.02 .1454
iSh20+YTrBdBuy TLTW 18.4 33.45 +0.19 .3506 VangdLTCorpBd VCLT 4.5 77.98 +0.01 .3145 GlbXCopperMiners COPX 3.0 37.39 –2.17 .3955 iShiBdsDec28Cp IBDT 3.7 24.50 –0.02 .0852 iShUSTech IYW .4 106.29 –2.19 .0675 SchwabUS AggrBd SCHZ 2.8 46.26 +0.06 .122
iShUSTelecom IYZ 2.6 21.03 –1.12 .1239 VangdLongTrea VGLT 2.9 63.77 +0.38 .1694 GlbXLithium LIT .9 62.46 –3.85 .5166 iShiBdsDec25Cp IBDQ 2.7 24.40 +0.01 .0664 iSh0-5YHYCorpBd SHYG 6.2 41.05 –0.30 .2286 SchwabUS BrdMkt SCHB 1.5 50.42 –1.02 .1855
SchwabUS Div SCHD 3.7 70.71 –2.63 .6647
iShUSTreasuryBd GOVT 2.2 22.99 +0.03 .0503 VangdMBS VMBS 2.8 46.11 +0.03 .1254 GlbXRuss2000Cvr RYLD 13.0 17.62 –0.44 .1829 iShiBdsDec24Cp IBDP 2.5 24.58 +0.02 .0613 iSh0-5YTIPSBd STIP 4.1 97.67 –0.01 .2922
.1298 SchwabUS LC SCHX 1.5 51.16 –0.97 .1895
JPMBetaCanada BBCA 2.7 59.18 –1.94 .4343 VangdRuss1000Grw VONG .8 69.32 –0.88 GlbXS&P500Cv XYLD 11.5 40.50 –0.55 .3274 iShiBdsDec27Cp IBDS 3.4 23.48 –0.02 .0747 iSh0-3MTreaBd SGOV 3.2 100.54 +0.10 .432
SchwabUS LC Grw SCHG .5 73.39 –0.67 .0892
JPMBetaDevAPxJP BBAX 4.3 47.11 –2.95 .6388 VangdRuss2000 VTWO 1.6 72.85 –2.39 .2348 GlbXSilverMiners SIL .5 25.58 –1.48 .0632 iShiBdsDec26Cp IBDR 2.9 23.52 +0.06 .0646 JPM AlerianMLP AMJ 6.9 22.29 –0.57 .4165
SchwabUS LC Val SCHV 2.5 65.27 –1.93 .4048
JPMBetaEurope BBEU 3.2 52.81 –2.68 1.0055 VangdSTCpBd VCSH 2.5 75.62 ... .1952 GlbX US Pfd PFFD 6.6 19.18 –0.08 .105 iShiBdsDec23Cp IBDO 2.5 25.28 +0.04 .0725 JanusHendersonAAA JAAA 4.6 49.76 +0.08 .248
SchwabUS REIT SCHH 3.3 18.56 –1.08 .1861
JPMBetaIntl BBIN 2.5 53.80 –2.65 .8493 VangdShtTmInfltn VTIP 5.8 47.50 ... .0287 GlbX Uranium URA .7 21.31 –1.24 .0492 iShiBoxx$HYCpBd HYG 5.6 74.19 –0.74 .3531 JanusHenShrtDur VNLA 5.3 47.78 +0.06 .1593
SchwabUS SC SCHA 1.5 42.09 –1.41 .1497
JPMBetaJapan BBJP 1.3 50.69 –1.81 .6803 VangdShortTrea VGSH 2.1 57.84 +0.02 .1523 GSTreasury0-1Y GBIL 3.1 99.99 +0.08 .3873 iShiBoxx$InvGrCpBd LQD 3.7 107.70 +0.01 .3487 JPMBetaUSAggBd BBAG 2.7 46.34 +0.09 .1294
Schwab US TIPs SCHP 5.0 52.57 +0.06 .1667
JPMBetaUSEquity BBUS 1.5 77.92 –1.30 .2794 VangdTotalBd BND 2.8 72.81 +0.08 .187 GSActiveBetaIntlEq GSIE 2.9 31.15 –0.97 .2002 iShLatinAmer40 ILF 8.4 27.15 –0.25 .4787 JPMEquityPrem JEPI 11.0 54.64 –0.21 .3654
SimplifySTTrea TUA 4.6 23.23 –0.05 .10
JPMUltShMuni JMST 2.1 50.60 ... .129 VangdTotIntlBd BNDX 1.8 48.83 +0.19 .0726 GSActiveBetaUSLC GSLC 1.4 85.46 –1.20 .2819 iShMSCIAustralia EWA 3.8 22.16 –1.17 .4168 JPM UltShIncm JPST 2.2 50.12 +0.04 .2023
SimplifyVolPrem SVOL 16.8 23.02 +0.10 .32
-1xShVIXFutures SVIX ... 26.46 +0.72 ... VangdTotIntlStk VXUS 3.0 55.05 –2.57 .618 GraniteGold BAR ... 19.00 –0.35 ... iShMSCIBrazil EWZ 8.5 32.69 +0.37 .7562 KraneCSIChInt KWEB ... 26.76 –2.76 ...
SPDR S&PMdCpTr MDY 1.4 458.63 –11.91 1.5133
PacerGlCashCows GCOW 4.9 32.41 –1.69 .5796 WisdTrUSQltyDiv DGRW 2.0 65.10 –0.94 .125 HartfordDiscUS HDUS 1.3 42.90 –0.77 .1486 iShMSCICda EWC 2.5 33.81 –0.92 .346 MatlsSelSector XLB 2.1 79.67 –2.08 .3987
SPDR S&P Biotch XBI .0 85.12 –2.55 .0026
PacerUSCashCows100 COWZ 2.1 46.15 –1.28 .1911 HealthCareSelSect XLV 1.6 132.00 –0.21 .5424 iShMSCI EAFE EFA 2.2 70.96 –2.43 1.3113 MicroFang-3xInv BERZ ... 7.75 +0.54 ...
NYSE ARCA SPDR S&P Div SDY 2.7 119.25 –3.94 .8139
PacerUSSCCash100 CALF 1.1 38.78 –0.75 .1233 IndSelSectorSPDR XLI 1.7 103.28 –2.17 .4198 iSh MSCI EM EEM 2.3 39.17 –1.71 .3101 MicroFang3xLvg BULZ ... 69.24 –6.17 ...
SPDRS&POil&Gas XOP 3.2 121.68 –6.06 .8317
ProShS&P500Arist NOBL 2.0 91.62 –2.32 .463 AGF USMktNeut BTAL 1.1 19.28 +0.17 .2132 InvscDBComm DBC .6 22.91 –0.56 .1447 iShMSCIFrance EWQ 2.5 37.08 –1.21 .8174 MicroFANG-3XInvr FNGD ... 9.34 +0.32 ...
SPDR S&P Retail XRT 2.3 61.83 –0.83 .3097
ProShShtVIXST SVXY ... 82.06 +1.22 ... ARK Innovation ARKK ... 42.14 –2.17 ... InvscDBAgriFd DBA .4 21.53 –0.46 .0964 iShMSCIGermany EWG 2.7 27.93 –0.98 .7587 MicroFang+3x FNGU ... 182.62 –8.08 ...
SprottUranium URNM ... 32.86 –2.01 ...
ProShUltVIXST UVXY ... 20.35 –0.85 ... ARK NextGen ARKW ... 55.89 –1.41 ... MicroGold3XInvr GDXD ... 6.17 +0.82 ...
TechSelectSector XLK .8 168.65 –4.54 .3616
ProShVIXSTFut VIXY ... 26.56 –0.74 ... abrdnBbgAllCmdK1 BCI 21.6 20.36 –0.52 4.4075 MicroGold3xLvgd GDXU ... 35.96 –6.62 ...
TeucriumWheatFd WEAT ... 7.23 +0.37 ...
2xLongVIXFut UVIX ... 5.13 –0.28 ... abrdnPhysGold SGOL ... 18.36 –0.35 ... MicroUSBigBk3X BNKU ... 14.21 –2.23 ...
USGlobalJets JETS ... 20.21 –0.36 ...
VanEckHYMuni HYD 3.9 51.62 +0.14 .1736 abrdnPhysSilver SIVR ... 21.50 –1.67 ... PGIMUltraShBd PULS 4.0 49.36 +0.08 .2251

Selected ETF Leaders

UtilitiesSelSector XLU 3.2 65.03 –2.27 .5366
VanEckMstrWdMoat MOAT 1.0 77.92 –1.89 .8119 AdvShPureUSCan MSOS ... 5.51 +0.03 ... PimcoEnhShMat MINT 3.3 99.65 +0.13 .41
VanEckBDCIncm BIZD 11.3 14.78 –0.43 .435
VanEckVietnam VNM .8 13.54 +0.41 .0034 AlerianMLPETF AMLP 8.2 37.95 –1.04 .86 PimcoMultiBd PYLD ... 25.04 ... ...
VanEckEMHYBd HYEM 6.4 18.26 +0.09 .1125
VangdESGIntlStk VSGX 2.5 52.13 –1.84 .6461 AmpCWPEnhDiv DIVO 4.8 35.41 –0.35 .1393 ProShBitcoin BITO 9.0 17.41 +2.63 .4277 VanEckGoldMin GDX 1.6 29.79 –1.60 .4762
VangdESGUSStk ESGV 1.2 76.47 –1.18 .2081 ArkFinInnov ARKF ... 20.00 –0.50 ... ProShShBitcoin BITI .9 18.41 –3.44 .0664
Vanguard Total Bond VanEck IG FR FLTR 4.3 25.19 ... .1285
VangdUltShrtBd VUSB 2.9 49.11 +0.05 .1792 AvantisEM AVEM 2.7 53.10 –2.68 .5818 0.11% ProShShtDow30 DOG 2.1 32.92 +0.27 .3467 VanEckJPMEMLCBd EMLC 5.7 25.47 –0.11 .1293
AvantisIntlSCValue AVDV 3.4 56.29 –3.38 1.1645 Market (BND) ProShShortHY SJB 1.9 18.53 +0.04 .1684 VanEckJrGoldMin GDXJ .5 35.21 –1.97 .1825
NASDAQ AvantisUSEquity AVUS 1.6 73.02 –1.62 .2765 ProShShrtQQQ PSQ .5 10.75 ... .1447 VanEckMerkGoldTr OUNZ ... 18.59 –0.35 ...
AXS1.25XNVDABrDly NVDS 3.2 8.49 +0.11 2.2591 AvantisUSSCValue AVUV 2.0 74.33 –2.39 .3711 Vanguard Dividend ProShShRuss2000 RWM .4 23.66 +0.48 .2414 VanEckOilSvcs OIH 1.1 267.40 –8.91 2.8887
AXSShInnovDly SARK .0 37.88 +1.86 13.748 CapGrpCorePlus CGCP 4.0 22.38 –0.02 .1007 -1.40 ProShShrtS&P500 SH 2.5 14.17 +0.04 .1752 VanEckPfdxFin PFXF 6.7 17.28 –0.07 .141
AXSTSLABrDly TSLQ 1.4 33.17 +0.30 2.0285 CapitalGrpDivVal CGDV 1.4 26.47 –0.41 .0913 Appreciation (VIG) ProShSh20+Tr TBF 2.6 21.60 –0.40 .2844 VangdExtMkt VXF 1.3 143.73 –4.40 .4336
DirexTSLABr1x TSLS 2.6 20.13 +0.01 .1859 CapGrpGlbGrw CGGO .5 23.89 –0.47 .081 ProShUltBlmCrude UCO ... 22.88 –1.35 ... VangdInfoTech VGT .7 428.80 –10.76 .7716
DirexTSLABl1.5x TSLL 1.1 16.90 –0.55 .0833 CapitalGrpGrw CGGR .3 24.72 –0.24 .0469 SPDR S&P 500 ETF ProshUltBlmNatGas BOIL ... 71.70 +5.50 ... VangdSC Val VBR 2.3 158.35 –5.84 .8874
FT CapStrength FTCS 1.4 73.84 –0.53 .2921 CapGrpIntlFocus CGXU .9 23.26 –0.88 .1215 -1.42 ProShUltEnergy DIG .8 32.24 –2.44 .257
Trust (SPY) VangdDivApp VIG 1.9 159.00 –2.25 .7489
FT EnhShtMat FTSM 3.2 59.61 +0.03 .229 CommSvsSPDR XLC .8 64.06 –0.70 .1049 ProShUltraQQQ QLD .2 62.14 –1.74 .1092 VangdEnergy VDE 4.3 108.41 –3.83 1.0099
FT GlTactCommod FTGC 11.7 23.11 –0.71 .1604 CnsmrDiscSelSector XLY .9 165.45 –0.93 .3344 ProShUltRus2000 UWM .4 31.99 –2.04 .1259 VangdFTSEAWxUS VEU 3.0 53.36 –2.50 .6054
FT LowDurOpp LMBS 2.8 47.82 –0.04 .135 CnsStapleSelSector XLP 2.5 73.78 –0.89 .526 Invesco QQQ Trust ProShUltraS&P SSO .3 55.62 –1.68 .1815 VangdFTSEDevMk VEA 2.7 45.18 –2.01 .4319
-1.46
FT NasdCybersec CIBR .2 43.97 –1.77 .0954 DefianceHotel CRUZ .1 20.16 –0.57 .0207 (QQQ) ProShUltSilver AGQ ... 26.14 –4.36 ... VangdFTSE EM VWO 3.5 40.15 –1.79 .2267
FTRisingDivAch RDVY 2.2 45.84 –1.16 .2114 DimenCoreFxIncm DFCF 3.7 41.80 –0.12 .1503 ProShUltDow30 UDOW 1.0 56.45 –3.33 .207 VangdFTSE Europe VGK 3.2 60.20 –3.08 1.099
FT TCW Opp FIXD 3.7 44.43 ... .125 DimenEmgCore DFAE 2.8 23.16 –1.05 .1764 ProShUltRus2000 URTY .3 37.39 –3.66 .0846 VangdFTSE Pac VPL 2.7 68.75 –3.30 .5213
GlbXAI&Tech AIQ .4 27.43 –0.88 .0558 DimenEMCore2 DFEM 2.4 23.71 –1.04 .1553 SPDR Gold Shares ProShUltS&P500 UPRO .8 44.41 –2.21 .1455
-1.89 VangdGrowth VUG .6 276.67 –3.23 .4122
GlbXNasd100Cv QYLD 11.7 17.48 –0.27 .1768 DimenGlbRealEstate DFGR 1.9 23.41 –1.29 .1134 (GLD) ProShUltShDow30 SDOW .4 25.25 +1.08 .2584 VangdHiDiv VYM 3.2 103.54 –3.56 .8767
GlbX Robotics&AI BOTZ .2 27.94 –1.65 .0466 DimenIntlCore DFAI 2.7 26.75 –1.25 .3548 ProShShtRus2000 SRTY 1.6 45.29 +3.63 .3547 VangdIntermBd BIV 2.6 75.42 +0.09 .1926
Granite1.5xLgCoin CONL ... 8.22 +1.12 ... DimenIntlValue DFIV 3.6 32.02 –1.65 .5869 ProShUltSh&P500 SPXU 2.8 11.37 +0.36 .1367 VangdLongTermBd BLV 3.9 74.85 +0.24 .2562
Vanguard Total Stock
GrShr1.5xLgNVDADly NVDL ... 84.26 –1.79 ... DimenUSCore DFAU 1.4 30.17 –0.60 .1031 -1.97 ProShUltBloomCrd SCO ... 26.62 +1.29 ... VangdMC VO 1.6 212.14 –5.53 .8135
InvscActMgdETC PDBC 14.0 13.74 –0.36 1.9283 DimenUSCoreEq2 DFAC 1.4 26.35 –0.57 .0922 Market (VTI) ProShUltShBlmGas KOLD ... 54.31 –6.48 ... VangdMC Val VOE 2.4 133.57 –3.99 .7644
InvscBS25CpBd BSCP 2.9 20.13 –0.06 .0581 DimenUSHiProf DUHP 1.4 25.73 –0.52 .0917 ProShUltDow30 DXD .3 41.79 +1.17 .3398 VangdRealEst VNQ 4.3 80.13 –3.79 .77
InvscBS25HYCpBd BSJP 6.0 22.35 –0.19 .1179 DimenUSLCVal DFLV 1.1 24.62 –0.68 .0973 iShares Core S&P ProShUltShQQQ QID .3 13.71 +0.23 .1327 VangdS&P500ETF VOO 1.5 399.61 –5.64 1.4874
InvscBS24CpBd BSCO 2.7 20.56 –0.05 .0496 DimenUSMktVal DFUV 1.8 33.40 –1.01 .1705 -3.14 ProShUltShRus2000 TWM 1.5 15.00 +0.77 .1178 VangdST Bond BSV 1.9 75.67 ... .1463
InvscBS24HYCpBd BSJO 5.7 22.31 –0.23 .1181 DimenUSSCValue DFSV 1.3 24.63 –0.83 .0996
Small Cap (IJR) ProShUltShS&P500 SDS 2.3 35.81 +0.69 .3753 VangdSC VB 1.7 190.61 –6.53 .7587
InvscBS26CpBd BSCQ 3.2 18.93 –0.07 .0559 DimenUSTargVal DFAT 1.5 44.43 –1.40 .1971 ProShUltShSilver ZSL ... 21.23 +2.91 ... VangdTaxExemptBd VTEB 2.5 50.24 +0.08 .1147
InvscBS23CpBd BSCN 2.2 21.15 –0.05 .0651 DimenWorldexUS DFAX 3.3 22.85 –1.12 .3019 iShares Core MSCI ProShUltraSh20+ TBT 2.8 29.18 –0.70 .3429 VangdTotalStk VTI 1.6 214.94 –4.32 .8265
InvscBS23HYCpBd BSJN 4.8 23.49 –0.07 .0989 DirexCSIChinaInt CWEB .7 35.51 –8.13 .1707 -3.39 RealEstSectorSPDR XLRE 3.9 35.86 –1.83 .3588
EAFE (IEFA) VangdTotWrldStk VT 2.1 94.78 –3.00 .6504
InvscHYEquDivAch PEY 4.7 18.66 –0.81 .0713 DirexDJBear3X WEBS 3.2 14.59 +0.63 .2059 RoundBallMeta METV .1 10.09 –0.42 .0063 VangdValue VTV 2.6 138.74 –3.64 .9208
InvscKBWBank KBWB 4.0 39.64 –2.53 .4455 DirexDJBull3X WEBL .0 10.76 –0.70 .0001 RoundSportsBet BETZ .6 16.91 –0.49 .0949 WisdTrEMxSOE XSOE 2.2 27.77 –1.27 .225
InvscNasd100 QQQM .7 149.12 –2.20 .2167 DirexEnergyBr2 ERY 2.3 33.95 +2.01 .3241 Vanguard FTSE SPDRBlackSrLoan SRLN 6.8 41.52 +0.02 .29 WT EM HiDiv DEM 7.2 38.85 –1.11 .10
-4.26
InvscQQQI QQQ .6 362.54 –5.39 .504 DirexEnergyBl2 ERX 3.4 49.83 –4.34 .4692 Developed Markets SPDRBlmCvSecs CWB 2.1 68.79 –0.64 .1397 WisdTrFRTrea USFR 3.6 50.50 +0.06 .219
iShBiotech IBB .3 128.50 –2.80 .0062 DirexChinaBr3 YANG 2.1 11.36 +2.09 .0797 (VEA) SPDR Blm HY Bd JNK 6.5 90.90 –1.01 .5236 WisdTrIndiaEarn EPI 5.4 34.02 –0.51 .0002
iShBrdUSDInvCpBd USIG 3.5 49.98 +0.05 .167 DirexChinaBl3 YINN 2.6 33.21 –8.79 .2364 SPDRBlmInvGrdFR FLRN 3.9 30.64 +0.02 .1439 WT IntlHdgQual IHDG 3.3 39.77 –0.90 .165
iShCoreMSCITotInt IXUS 2.4 61.47 –2.22 .9815 DirexFinlBear3 FAZ 2.1 20.60 +1.14 .1686
Vanguard FTSE SPDRBB1-10YTIPS TIPX 4.6 18.50 ... .0543 WT JapanHdg DXJ 3.1 82.17 –1.39 .625
-4.27
iShCore1-5YUSDBd ISTB 2.4 46.71 –0.02 .1123 DirexFinlBull3 FAS 2.3 58.51 –4.53 .6205 Emerging Markets SPDRBbg1-3MTB BIL 3.1 91.72 +0.07 .3707 XtrksHarvCSI300 ASHR 1.2 26.69 –1.22 .3162
iShCoreS&PUSGrw IUSG 1.0 95.68 –0.90 .2197 DirexGoldMinBr2 DUST 1.3 12.37 +1.10 .0982 (VWO) SPDRBlmSTHYBd SJNK 6.8 24.45 –0.20 .1533 XtrrsLowBetHYBd HYDW 5.1 44.81 –0.32 .2072
iShCoreS&PUSValue IUSV 2.0 76.16 –1.60 .2769 DirexGoldMinBl2 NUGT .7 34.28 –3.83 .0868 Source: Barron’s Statistics SPDR 3-12MT-Bill BILS 3.5 99.36 +0.05 .4018 XtrksMSCIEAFE DBEF 1.9 34.56 –2.57 1.6133
iShCoreTotalUSDBd IUSB 3.0 45.51 +0.02 .136 DirexJrGoldMinBr2 JDST 1.5 7.25 +0.68 .0518 SPDRDoubleTRTact TOTL 4.9 40.57 +0.12 .1545 XtrksUSDHYCpBd HYLB 5.8 34.05 –0.37 .184
iShESGAwareMSCI ESGD 2.3 71.31 –2.44 1.3665 DirexJrGoldMnBl2 JNUG .9 32.02 –3.82 .1281 SPDR DJIA Tr DIA 2.0 337.16 –5.79 .7757 YieldMaxTSLAOpt TSLY 50.2 16.65 –0.09 .8033
June 26, 2023 BARRON’S 55

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. Slow Money: Money-market fund cash flows slowed—reducing their past month’s average weekly inflow to
Association of Securities Dealers.
Total returns reflect both price $5 billion. Cash left equity funds, expanding their weekly outflow to $7.1 billion. Exiting cash reduced the
changes and dividends; these Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. average weekly inflow at taxable-bond funds to $1.7 billion. Modest injections at muni-bond funds trimmed
figures assume that all distribu- NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret.
tions are reinvested in the fund. IntlGrIncA 33.96 -1.30 8.1 23.3 CorePlusBond 8.81 0.00 2.3 -7.4 GlEqInst 28.51 -0.64 8.5 42.7
their average outflow to $350 million.
Because Lipper is constantly up-
dating its database, these returns LtdTEBdA 15.09 0.02 1.1 -1.8 Intl Eq 11.85 -0.36 10.5 22.2 GlRESec 9.39 -0.47 -3.3 7.7
may differ from those previously N PerA 54.28 -1.17 14.7 30.3 LargeCapGrowth 20.15 -0.24 17.9 31.8 InfProtSec 11.08 0.01 2.5 -0.2 Equity Funds Municipal Bond Funds
published or calculated by others. NEcoA 50.12 -0.89 15.2 14.3 LargeCapValue 15.43 -0.28 3.3 53.9 IntGvFxdInc 11.02 0.01 2.3 -13.9
3 year returns are cumulative. The NwWrldA 73.02 -1.85 9.9 13.5 MunicipalBond 9.81 0.02 2.0 -0.2 IntlCoreEq 14.49 -0.50 7.4 30.4 -1300 120
NAV is the last reported closing SmCpA 61.15 -1.61 9.0 12.0 IntlREst 3.51 -0.19 -5.4 -1.7
price for the week. Footnotes: NA: S/MCapGrowth 12.94 -0.25 10.1 17.2
not available. NE: performance STBFA 9.41 -0.01 0.9 -3.3 S/MCapValue 12.53 -0.33 1.3 51.4 IntlSustCore1 11.54 -0.40 8.7 23.3 -3600 -210
excluded by Lipper editor. NN: fund STTxExBdA 9.81 0.01 0.7 -1.5 Brown Advisory Funds: IntlVal 19.10 -0.60 7.7 50.1
not tracked. NS: fund not in TECAA 16.39 0.03 2.4 -1.9 GrwthEquityInst 26.10 -0.37 20.5 13.5 IntlVectorEq 12.61 -0.43 6.7 33.7 -5900 -540
existence for whole period. e: ex TxExA 12.22 0.03 2.8 -1.4 IntSmCo 18.24 -0.66 4.8 26.1
capital gains distributions. f:
previous day’s quote. n: no front- WshA 52.98 -0.94 5.3 44.8 C IntSmVa 19.79 -0.66 5.3 37.6 -8200 -870
or back-end sales charge. p: fund AMG Managers Funds: IntTermMuni 9.92 0.02 1.0 -2.3
assets are used to pay marketing YachtmanFocFd I 18.89 -0.51 4.7 42.7 Calamos Funds: IntVaIII 16.43 -0.52 7.6 50.4 -10500 -1200
and distribution costs (12b-1 fees). MktNeutI 14.43 -0.01 5.3 10.5 ITExQual 9.33 0.03 3.5 -11.7
r: fund levies redemption fee or YacktFocFd N n 18.95 -0.51 4.6 41.9 Apr May Jun Apr May Jun
back-end load. s: stock dividend or YacktmanFd I 21.85 -0.53 3.4 43.8 Calvert Investments: LgCo 29.74 -0.42 14.2 45.3
split of 25% or more. t: fund charges Angel Oak Funds Trst: Eq A 70.61 -0.93 6.7 34.9 LgCpIntl 25.12 -0.83 8.8 27.9
12b-1 fees (for marketing and
AglOkMtiStFdClIn 8.39 NA NA NA Carillon Reams: SclCrEqInst 13.34 -0.48 7.9 27.0 Money Market Funds Taxable Bond Funds
distribution) and a back-end load.
v: capital-gains distribution may be AQR Funds: CorePlBd I 30.06 0.01 3.5 -7.4
STExQual 10.29 0.01 2.1 -2.7 79200 4400
a return of capital. x: ex cash
STGov 9.93 0.00 2.2 -3.5
LgCapDefStyle I 25.72 -0.26 2.9 28.4 UnconstrndBd I 12.04 -0.02 4.1 3.3
dividend. STMuniBd 10.10 0.00 1.1 0.7 60400 3100
MgdFutStrI 8.80 0.13 1.0 34.8 Carillon Scout:
US CoreEq1 32.71 -0.55 10.2 49.3
Net YTD 3-Yr. Artisan Funds: MidCap I 20.07 -0.45 3.6 31.1
NAV Chg. % Ret. % Ret.
US CoreEq2 29.51 -0.50 9.1 51.6 41600 1800
GblOppInst 29.94 -0.88 13.4 12.7 CausewayInst : US Micro 23.53 -0.66 3.1 62.7
A Intl Inv n 25.66 -0.57 7.3 8.4 CausewayInst 18.79 -0.39 18.0 50.1 US Small 39.97 -1.03 3.6 56.9
IntlInst 25.81 -0.58 7.4 9.1 CIBC Atlas: US SmCpVal 39.20 -0.97 0.2 85.0
22800 500
AAM: IntlVal Inst 43.50 -0.83 12.7 53.5 DispEq Inst 26.26 -0.27 9.0 32.8 US TgdVal 27.67 -0.72 1.4 84.5
IntlVal Inv n 43.32 -0.83 12.6 52.4 USLCpGr 28.46 -0.36 11.8 43.7
4000 -800
B&GIncGroClI 21.99 -0.46 -0.2 33.2 ClearBridge:
AB Funds: MidCapInst 38.13 -0.75 14.0 3.7
AggressGrowthA106.15 -2.97 10.1 10.3 USLgVa 41.54 -0.92 0.7 49.2 Apr May Jun Apr May Jun
MidCapInv n 31.93 -0.63 13.8 3.0 USLgVaIII 27.20 -0.60 0.7 49.6
CapFdInc.LCapGow 83.76 -0.72 20.0 31.7 AllCapValueA 12.53 -0.29 2.9 47.0
USSoCoreEq2 21.38 -0.40 11.4 48.3 A red chart indicates a lower value than the starting period. Green means it's higher than the starting period.
MuniIncmShares 11.01 0.04 3.8 6.7 B AppreciationA 29.66 -0.28 10.3 43.3
USSustCoreI 33.65 -0.48 11.9 47.5 The charts above show four-week moving averages of net cash flow in millions of dollars. BARRON'S • Lipper FMI
AB Funds - A: DividendStrat1 n 28.16 -0.50 5.8 45.5
Baird Funds: USVectorEq 21.97 -0.51 3.4 56.8
LgCpGrA 74.46 -0.64 19.8 30.4 DividendStratA 28.12 -0.50 5.6 44.3
Dodge & Cox:
RelatValA 5.91 -0.09 0.9 49.4 AggBdInst 9.73 0.02 2.7 -10.3 LargeCapGrowthA n 50.78 -0.42 29.7 28.2 Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr.
AB Funds - ADV: CorBdInst 10.01 0.02 2.8 -8.6 LargeCapGrowthI 59.38 -0.49 29.9 29.3 Balanced n 95.97 -1.20 3.9 34.0
NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret.
IntBdInst 10.16 0.01 2.0 -6.4 SmallCapGrowthIS 38.22 -0.79 2.4 11.6 Dodge & Cox n 10.54 -0.02 5.1 3.5
GlbBd 6.75 0.01 2.1 -8.1 GblStock n 13.61 -0.33 7.9 53.0 InflPrBdIndInsPr n 9.23 0.02 2.4 -0.3 StkSelAllCap 62.92 -0.96 13.9 39.6 DivGth n 30.52 -0.54 5.3 43.7 SrsCommStrt 97.64 -2.47 -7.3 63.6
HiIncmAdv 6.59 -0.04 4.6 9.1 ShtTBdInst 9.26 0.01 1.7 -1.1 Cohen & Steers: IntlIdxInstPrem n 45.26 -1.52 9.9 24.8 Fidelity Freedom: DivIntl n 40.55 -1.25 11.2 14.2 SrsEmrgMkt 16.77 -0.66 7.4 2.3
Baron Funds: Income n 12.47 0.01 3.2 -5.2
IntlStraEquPtADV 11.24 -0.38 7.0 13.5 GlbRltyI 47.99 -2.45 -0.8 10.1 IntlIndex n 10.62 -0.37 8.3 19.8 FF2010 n 13.34 -0.08 4.9 6.3 DivIntl K6 13.03 -0.41 11.1 15.5 SrsGlobal 13.33 -0.47 7.9 19.1
Intl Stk n 46.74 -1.19 8.4 36.5
LgCpGrAdv 83.84 -0.72 19.9 31.4 Asset n 91.68 -1.62 5.6 10.5 InstlRlty 42.35 -2.01 0.3 19.6 IntrTresBdIxPrem n 9.69 0.01 2.1 -13.6 FF2015 n 10.88 -0.09 5.8 9.1 DivIntlK 40.48 -1.24 11.3 14.6 SrsIntlGrw 16.06 -0.44 12.6 20.8
Stock n 222.11 -4.33 4.1 57.2
NationalPtf 9.58 0.02 2.8 0.1 Growth n 91.10 -2.02 7.2 32.0 PrefSecIncnI 11.23 -0.05 -2.1 -2.3 LgCpGwId InstPre n 26.24 -0.34 26.0 42.5 FF2020 n 13.60 -0.14 6.7 11.9 DivStkO n 29.74 -0.35 15.5 44.0 SrsGroCoRetail 17.99 -0.20 30.6 48.3
DoubleLine Funds:
SelectUSLgShrt 12.87 -0.08 4.7 24.9 Partners n 154.69 -1.00 38.7 122.2 RltyIncI 15.12 -0.71 0.5 19.3 LgCpVlIdxIstPrem n 15.04 -0.39 1.6 42.6 FF2025 n 12.58 -0.15 7.4 14.5 EmrMkt n 34.53 -1.28 9.9 5.6 SrsIntlSmCp 16.01 -0.58 7.9 19.6
SmMidCpValAdv 20.73 -0.62 2.3 55.0 Baron Instl Shares: RltyShs n 58.18 -2.75 0.2 19.0 CoreFxdIncmI 9.31 0.01 3.2 -7.0 LTTrsBdIdxInstPr n 10.47 0.06 4.7 -30.8 Eq Inc n 64.39 -1.05 1.5 43.7 SrsIntlVal 10.83 -0.38 8.0 41.3
FF2030 n 15.80 -0.22 8.0 18.1
Aberdeen Fds: Colorado BondShares: LowDurBdI 9.46 0.01 2.6 2.9 MidCpInxInstPrem n 27.10 -0.77 4.6 35.6 EqDivIncm n 26.00 -0.52 1.8 44.6 STBF n 8.25 0.00 1.7 -1.7
AssetInst 96.92 -1.71 5.7 11.3 FF2035 n 13.70 -0.24 9.2 24.8
ShillerEnhCAPEI 13.12 -0.18 13.4 36.7 OTCK6Port 18.02 -0.19 28.2 40.1 Fidel n 68.29 -0.56 17.1 35.8 StkSelSmCp n 29.65 -0.57 5.8 46.2
EmMktEqty Inst 13.07 -0.51 4.6 2.5 EmergingMktsInst 13.89 -0.48 6.5 0.4 ColoradoBdShs 8.69 0.03 3.7 8.4 FF2040 n 9.78 -0.20 10.4 29.7
TotRetBdI 8.88 0.03 2.9 -8.2 RealEstIdxInst n 14.19 -0.68 -1.8 15.8 FltRateHi n 9.12 -0.01 5.5 18.2 StkSlcACap n 63.34 -0.97 13.9 39.2
Advisers Inv Trst: GrowthInst 96.03 -2.13 7.3 33.0 Columbia Class A: FF2045 n 11.23 -0.24 10.6 30.1
TotRetBdN n 8.87 0.02 2.7 -8.9 SAIUSLgCpIndxFd 19.19 -0.27 14.2 45.5 FocsdStk n 27.77 -0.28 17.5 32.8 StratDivInc n 15.62 -0.24 2.1 28.7
Balanced n 83.04 -1.52 5.7 30.2 PartnersInst 160.85 -1.04 38.8 123.9 BalancedA 44.93 -0.28 11.7 23.2 FF2050 n 11.37 -0.24 10.6 30.1
Growth n 103.52 -2.06 8.5 48.1 SmallCapInst 29.48 -0.48 11.3 18.9 SeriesBondFd 8.97 0.01 2.5 -11.1 Free2055 n 13.16 -0.28 10.7 30.2 FournOne n 51.75 -1.06 10.0 26.1 TaxFrB n 10.83 0.03 3.4 -0.2
ContCoreA 28.68 -0.29 18.1 46.0 E
Bernstein Fds: SeriesOverseas 12.24 -0.43 12.7 23.6 Free2060InstPrem 15.17 -0.31 10.4 26.4 GNMA n 10.14 0.00 2.3 -9.6 TotalBond n 9.45 0.00 3.3 -6.9
Akre Funds: DisplCoreA 12.38 -0.17 13.2 40.9
Eaton Vance Class A: SerLTTreBdIdx 6.05 0.03 4.7 -30.7 Freedom2015 K 10.87 -0.09 5.8 9.3 GovtInc n 9.22 0.01 2.1 -13.0 TotalBond K6 8.79 0.00 3.1 -6.4
AkreFocusInst 53.45 -0.63 11.2 17.8 DivrMuni n 13.75 0.02 2.1 0.6 DivIncA 28.96 -0.65 1.1 41.8
SmCpIdxInstPrem n 22.55 -0.75 3.9 31.2 Freedom2020 K 13.59 -0.15 6.8 12.1 GroCo n 29.79 -0.34 32.3 44.4 Trend n 139.04 -1.95 29.1 35.4
AkreFocusRtl 51.47 -0.60 11.1 16.9 IntmDur n 11.32 0.01 2.3 -10.4 LgCpGrowA 53.13 -0.57 28.1 35.5 TMG1.1 86.44 NA NA NA
STBdIdx InstPrem n 9.54 0.00 1.5 -4.5 Freedom2020K6 13.53 -0.15 6.8 12.4 GroInc n 51.02 -1.12 7.6 53.9 Value n 12.67 -0.40 1.4 70.7
AmanaGrowth n: NY Mun n 13.30 0.02 2.2 0.9 LgCpVl A 14.70 -0.38 -0.1 43.6 Eaton Vance Class I:
STTreIdx InstPre n 9.92 0.00 1.4 -5.2 Freedom2025 K 12.56 -0.16 7.5 14.7 GrowCoK 29.94 -0.34 32.4 44.8 ValueDisc n 34.57 -0.64 -1.7 44.9
AmanaGrowth n 64.70 -0.97 13.1 50.2 BlackRock Funds: LiGoBalA 10.70 -0.13 9.3 17.0 AtlCpSMID 34.46 -0.67 0.9 39.6 TMktIdxInstPrem n 119.88 -1.95 13.3 42.2 Freedom2025K6 12.52 -0.16 7.5 15.1 GrStrt n 51.34 -0.80 10.0 21.2 Wrldw n 28.86 -0.53 14.8 25.1
Amer Beacon Insti: CoreBd Inst 8.31 NA NA NA SelgComuInfoA 102.44 -2.96 25.3 63.3 FltgRt 8.30 -0.01 5.4 14.1 TotalMarketIndex n 15.14 -0.24 13.4 43.2 Freedom2030 K 15.80 -0.22 8.1 18.5 GwthDiscovery n 49.35 -0.70 20.9 40.2 Fidelity SAI:
HiYBlk 6.76 NA NA NA TaxEA 11.74 0.04 3.6 -2.2 GblMacAbR 8.32 NA NA NA TtlIntIdxInstPr n 12.60 -0.45 7.6 19.6
SmCpInst 22.83 -0.82 1.8 65.6 Freedom2030K6 15.74 -0.22 8.1 18.9 HighInc n 7.36 -0.07 3.7 2.3 FidSAIEmgMktIndx 12.74 -0.51 4.5 3.7
HiYldBd Inst 6.75 NA NA NA Columbia Class Adv: IncBos 4.95 -0.03 4.5 10.4 USBdIdxInstPrem n 10.30 0.01 2.5 -11.1
American Century G: Freedom2035 K 13.69 -0.24 9.2 25.3 IntBd n 9.93 0.00 2.0 -6.1 FidSAIIntlIndxFd 12.92 -0.43 10.0 24.8
InflProtBdInst 9.82 NA NA NA DivIncom 29.54 -0.68 1.2 42.8 NatlMuniInc 9.22 0.02 3.9 -0.9 USSusIdx n 19.18 -0.32 15.1 45.2 Freedom2035K6 13.65 -0.24 9.4 25.8 IntlDisc n 43.18 -1.41 8.9 12.4
GlBond 8.61 0.02 3.1 -6.6 IntlValIdx 9.11 -0.29 9.5 35.6
LowDurI Inst 8.85 NA NA NA Columbia Class C: Edgewood Growth Instituti: Fidelity Adv Focus A: Freedom2040 K 9.79 -0.20 10.4 30.2 IntlEnhIdx n 10.34 -0.35 10.5 25.7
Sustain Equity 43.72 -0.60 12.8 43.4 LowDurationInc 9.98 0.01 2.4 NS
BlackRock Funds A: DivInc 27.97 -0.58 0.7 38.7 EdgewoodGrInst 39.14 -0.72 25.0 12.8 HthCarA 59.19 -0.30 2.4 10.2 Freedom2040K6 9.74 -0.21 10.5 30.7 IntlGrRet n 17.84 -0.49 12.1 17.5
American Century I: Muni Inc 9.77 0.02 3.4 -0.6
AdvLgCapCore 17.25 -0.22 13.3 40.4 Columbia Class I: TechA 88.41 -1.85 42.3 56.3 Freedom2045 K 11.23 -0.24 10.7 30.5 IntlSmCap n 29.05 -0.99 8.7 30.3 SAIEmgMktLoVolIx 10.38 -0.22 6.1 20.8
EqInc 8.76 -0.20 1.2 31.3 F
CapAppr 29.02 -0.23 30.4 19.4 Acorn I 10.10 -0.23 12.6 3.6 Fidelity Advisor: Freedom2045K6 11.18 -0.24 10.8 31.1 IntMu n 9.99 0.01 2.1 -0.2 SAIInflaFocFd 9.01 -0.25 -8.0 63.8
Growth 46.32 -0.45 26.6 34.3
EqtyDivd 18.82 -0.38 3.8 41.0 Balanced I 44.80 -0.29 11.8 24.1 SrsAdvIntlCapApp27.04 -0.72 15.7 17.0 Freedom2050 K 11.37 -0.24 10.7 30.6 InvGB n 7.15 0.00 2.9 -9.6 ShortTermBd 9.51 0.00 1.6 NS
IntTF 10.72 0.02 2.3 0.2 FAM Value:
GlblAlloc 17.41 -0.23 5.8 12.8 ContCore I 29.03 -0.30 18.2 47.1 StragInc n 11.05 -0.03 3.5 3.0 Freedom2050K6 11.35 -0.24 10.9 31.1 InvGrBd 9.98 0.01 3.2 -7.0 TotalBd 8.94 0.00 3.3 -6.0
MdCapVal 15.32 -0.48 0.0 46.8 FAMValue n 85.12 -1.20 3.2 33.4
HlthScOp 66.37 0.01 1.1 21.2 DivIncom I 28.98 -0.67 1.2 42.8 TotBdFdClZ 9.44 0.01 3.3 -6.5 Freedom2055 K 13.16 -0.29 10.7 30.5 LargeCap n 41.30 -0.85 10.6 55.8 TxFreeBd 9.88 0.02 3.2 -0.2
SmCapVal 9.29 -0.40 2.2 66.3 Federated Hermes A:
MdCpGrA 28.92 -0.50 13.3 6.3 LgCpIdx I 49.35 -2.34 14.1 44.8 Fidelity Advisor A: Freedom2055K6 13.14 -0.28 10.8 31.1 LCapCrEIdx n 20.27 -0.24 13.5 49.3 U.S.TreBdIdx 8.76 0.01 2.2 -13.1
American Century Inv:
MultiAstIncome 9.67 NA NA NA SelComunInfo 118.72 -3.42 25.5 64.6 StrValDivA p 5.31 -0.13 -6.7 34.0 Freedom2060 n 12.09 -0.25 10.6 30.1 LCapGrEIdx n 28.39 -0.29 23.9 45.0 Fidelity Selects:
DiscCoreVal n 30.11 -0.60 -1.2 27.2 BalancA 24.70 -0.19 12.2 28.1
NatlMuni 10.09 0.02 3.0 -2.4 SelLCVal 30.84 -0.64 -1.3 54.6 Federated Hermes Int: Idx2020InsPre 15.03 -0.15 6.8 9.2 LevCoSt n 34.92 -0.59 11.9 47.5
EqGro n 24.33 -0.32 11.1 26.4 EqGrA p/r 15.33 -0.21 20.7 39.2 Biotech n 16.83 -0.34 3.4 -10.2
ScTechOppA 44.90 -1.09 31.4 14.4 StratInc I 20.85 0.00 3.8 1.1 InsHiYld 8.42 -0.08 4.3 4.9 Idx2025InsPre 17.06 -0.20 7.4 11.6 LgCpVHIdx n 14.56 -0.27 1.6 49.5
EqInc n 8.75 -0.20 1.1 30.5 GrOppA 112.14 -1.94 26.8 19.0 DfAero n 15.89 -0.26 3.0 38.4
TotRet 10.02 0.01 3.2 -9.3 TotReBd I 30.06 0.01 3.0 -10.0 TtlRtnBdI 9.50 0.00 2.1 -7.0 Idx2030InsPre 18.11 -0.24 8.0 15.1 LmtTrmMuniIncm n 10.19 0.02 1.2 -1.1
Grwth n 44.93 -0.44 26.5 33.5 NwInsghtA 30.32 -0.19 20.6 30.1 Energy n 50.84 -1.74 -9.4 140.0
BlackRock Funds III: Columbia Class I2: Federated Hermes IS: Idx2035InsPre 20.39 -0.34 9.0 21.4 LowP n 46.82 -1.00 1.4 49.5
Heritage n 20.34 -0.45 11.3 19.7 StrInA 10.90 -0.02 3.4 2.1 Gold n 21.90 -0.93 -2.0 -20.5
iShS&P500IdxK511.60 -7.12 14.2 45.4 KaufmnSCI 45.11 -0.90 8.5 0.5 Fidelity Advisor Fun: Idx2040InsPre 20.87 -0.43 10.1 26.2 LowPriStkK 46.77 -1.00 1.4 49.8
MdCapVal n 15.31 -0.47 0.0 46.0 DivIncom 29.50 -0.69 1.2 43.1 Health n 28.35 -0.12 2.6 12.7
iShUSAggBdIdxK 9.00 0.01 2.6 -11.0 StraValDivIS 5.35 -0.13 -6.6 35.0 Idx2045InsPre 21.73 -0.46 10.4 26.4 LowPriStkK6 14.29 -0.29 1.7 50.9
OneChMod n 13.66 -0.20 6.5 16.2 Columbia Class I3: InterDiscZ 42.97 -1.41 8.9 12.8 HlthCareSrvPt r n 125.67 2.17 -4.8 35.7
BlackRock Funds Inst: UltraShortI 9.04 0.00 2.3 3.4 Idx2050InsPre 21.77 -0.45 10.4 26.5 LtdTmBdFd n 10.90 0.01 2.0 -3.3
Select n 95.56 -0.80 26.9 37.1 ContCore I3 29.81 -0.30 18.3 47.6 IntlGrwZ 17.83 -0.49 12.1 18.0 ITSvs n 56.43 -1.13 7.4 -3.8
AdvLgCapCore 18.26 -0.22 13.4 41.5 Federated Hermes R: Idx2055InsPre 17.91 -0.38 10.4 26.5 Magin n 10.99 -0.11 15.0 26.6
Ultra n 71.14 -0.57 29.0 38.4 DivIncom 29.55 -0.69 1.2 43.3 Fidelity Advisor I: MdTchDevis n 64.50 -0.94 4.7 21.5
CAInsMun 11.86 0.03 2.4 2.9 Idx2020 Premier 15.02 -0.15 6.8 NS MAMun n 11.26 0.02 2.2 -2.6
American Century R6: Credit Suisse Common: KaufmnR 4.94 -0.08 5.8 -13.0 BalancI 25.36 -0.19 12.3 29.1 Retail n 17.73 0.10 11.9 19.7
EmgMkts 23.76 -0.84 6.7 4.2 Idx2025 Premier 17.05 -0.20 7.4 NS Manager40 n 12.00 -0.11 5.7 9.7
AmCentUltraFdR6 75.86 -0.60 29.2 39.9 ComdtyRet 22.92 -0.62 -8.0 65.3 Federated Hermes R6: ConsvIncmMuni I 9.99 0.00 1.4 2.2 Semiconductors r n 23.16 -0.88 58.9 126.5
EqtyDivd 18.92 -0.38 4.0 42.1 Idx2030 Premier 18.10 -0.25 7.9 NS Manager60 n 13.94 -0.21 7.5 16.4
MdCapVal 15.32 -0.49 0.1 47.5 FedInstHYBondL 8.42 -0.08 4.3 5.0 EqGrI 17.74 -0.25 20.8 40.2 Idx2035 Premier20.39 -0.34 9.0 NS Softwr n 25.00 -0.61 27.2 29.8
FloRateIncPorIns 9.55 NA NA NA MidCap n 37.56 -0.77 0.6 54.0
SmCpVal 9.29 -0.40 2.3 67.0 D StrValL 5.35 -0.13 -6.6 35.1 FAEmgMktI 27.82 -1.19 4.0 10.0 Idx2040 Premier 20.87 -0.42 10.2 NS Tech n 25.55 -0.52 43.2 48.8
GlblAlloc 17.61 -0.22 5.9 13.6 MidCapEnIdx n 16.09 -0.33 4.1 40.5
American Funds Cl A: TtlRtnBdL 9.49 0.00 2.0 -7.0 FAInvGrdI 7.16 0.01 2.9 -9.7 Idx2045 Premier 21.73 -0.45 10.4 NS UtilGr n 99.67 -2.42 -4.0 36.7
HiEqInc 27.06 -0.59 3.0 45.6 MuniInc n 12.08 0.03 3.2 -0.4
2020TarRetA 12.62 -0.11 3.7 11.6 Davis Funds A: Fidelity: FltRatel 9.11 -0.01 5.4 18.0 Idx2050 Premier 21.76 -0.46 10.4 NS Fidelity Series:
HlthScOp 70.89 0.02 1.3 22.1 NASDAQ n 170.80 -2.48 29.5 36.6
2025TarRetA 14.10 -0.13 4.8 13.4 NYVen A 25.25 -0.59 13.8 31.3 500IdxInstPrem n 151.43 -2.11 14.2 45.6 GrOppI 124.24 -2.13 27.0 19.9 Idx 2055 Premier 17.90 -0.38 10.4 NS NewInsights Z 31.83 -0.19 20.9 31.6 Canada 13.81 -0.33 5.2 54.5
MdCpGrEq 34.05 -0.59 13.4 7.1 HthCarI 65.76 -0.33 2.5 11.1 IntMuni Z 10.01 0.01 2.1 0.0
2030TarRetA 15.44 -0.17 6.3 16.9 Davis Funds C & Y: BalancedK6 13.24 -0.10 12.5 30.9 Income n 10.26 -0.04 3.9 1.9 NewMill n 44.54 -0.62 12.6 69.0
MultiAstIncome 9.68 NA NA NA IntlGr 17.80 -0.48 12.1 17.5 FidelityAdviAsset:
2035TarRetA 16.64 -0.22 7.6 21.6 NatlMuni 10.09 0.03 3.2 -1.7 NYVenY 26.24 -0.61 14.0 32.3 Contrafund K6 20.52 -0.09 22.0 31.3 Fidelity Invest: NewMkt n 11.61 0.06 3.3 -6.7
2040TarRetA 17.35 -0.26 9.0 24.4 Del Invest Instl: EmgMktIdxInstPre n 9.86 -0.40 4.6 3.9 MuniIncI 10.01 0.02 2.1 -0.3 AggrInt n 24.14 -0.64 15.7 17.2 OTC n 16.34 -0.18 27.4 38.7 ADVAssetMan60 13.94 -0.20 7.5 16.7
ScTechOppInst 49.44 -1.19 31.6 15.3 NwInsghtI 31.68 -0.19 20.8 31.1
2045TarRetA 17.74 -0.29 9.4 24.8 StratIncOpptyIns 9.19 NA NA NA Value 17.62 -0.41 -3.5 34.2 ExtMktIdxInstPre n 68.28 -2.07 8.5 25.2 AilSectEq 10.10 -0.13 16.6 51.8 OTC K 16.72 -0.18 27.5 39.1 First Eagle Funds:
2050TarRetA 17.40 -0.29 9.8 24.6 FidAdAsset 13.05 -0.06 3.6 3.2 REIncmInst 11.21 -0.12 2.1 16.7 AMgr20% n 13.06 -0.06 3.6 3.2 Ovrse n 56.68 -2.02 12.1 19.8
StratMuniOppI 10.48 0.03 2.8 1.7 Deutsche DWS: GlbA 62.30 -1.18 7.5 31.0
AmcpA 35.05 -0.32 16.8 21.4 FidAdEm 34.50 -1.29 9.9 NS StrInI 11.05 -0.03 3.5 2.8 AMgr50% n 18.80 -0.24 6.5 12.9 PuritanK 22.60 -0.17 10.8 26.1
TotRet 10.02 0.01 3.4 -8.5 CoreEq n 28.95 -0.57 11.8 44.3 OverseasA 23.90 -0.56 6.4 16.6
AMutlA 48.68 -0.80 1.4 36.7 FidSAI 8.58 -0.08 3.8 NS Total Bd 9.44 0.01 3.2 -6.9 AMgr70% n 24.40 -0.42 8.4 20.9 Puritn n 22.62 -0.17 10.8 25.8
BNY Mellon Funds: Diamond Hill Funds: FPA Funds:
BondA 11.39 0.00 1.7 -9.7 FidSAIEmerg 11.73 -0.36 8.1 19.3 Fidelity Advisor M: AMgr85% n 22.69 -0.48 9.8 26.6 RealE n 36.77 -1.69 -1.2 15.7
Aprec n 39.45 -0.48 11.5 40.3 LgCapI 29.77 -0.51 2.5 39.0 NwInc n 9.54 0.01 2.3 1.5
BalA 30.10 -0.29 5.4 19.6 FidSer5 7.94 0.03 3.1 NS Balanced 25.09 -0.19 12.1 27.2 AstMgr30R n 11.17 -0.08 4.7 6.2 RealEstInc n 11.26 -0.12 2.1 16.7
Dr500In n 49.70 -0.69 13.9 43.5 LgCapY 29.80 -0.51 2.5 39.5 FPA Funds Trust:
CapIBA 63.47 -1.10 2.2 20.7 FidSer0-5 9.45 0.01 1.8 NS EqGr 14.77 -0.21 20.5 38.1 Balanc n 25.66 -0.19 12.4 29.5 SAIIntlMinVolInd 10.56 -0.20 7.4 10.5
CapWA 16.18 0.02 1.5 -15.0 Dreyf n 15.29 -0.17 17.0 48.6 LongShortI 25.53 -0.34 2.3 26.6 FIDSerEmgMkt 8.25 -0.32 6.6 2.0 GrOppM 110.28 -1.90 26.7 18.1 FPACres Inst n 36.64 -0.54 9.9 39.0
BalancedK 25.66 -0.20 12.4 29.7 SAILTTreBdIdx 7.86 0.04 4.9 -32.4
CapWGrA 56.25 -1.24 10.2 26.1 GlFxIncI 19.35 0.05 3.1 -4.3 Dimensional Fds: FidSerInt 8.59 0.04 3.6 NS NwInsghtM 28.29 -0.18 20.5 29.2 SAISm-MidCap500I 5.59 -0.15 4.9 39.0 Franklin A1:
BluCh n 152.96 -1.48 36.0 38.4
EupacA 53.75 -1.87 9.9 11.5 InstS&PStkIdx I 60.13 -0.84 14.1 44.7 2TGlFxd 9.70 0.00 2.0 -0.9 FidSerToMarket 14.28 -0.23 13.4 42.3 Fidelity Advisor Z: SAIUSMinVolIndFd 17.56 -0.21 6.1 32.6 CA TF A1 6.80 0.01 2.8 -2.7
BluChpGr K6 23.52 -0.23 36.0 40.5
FdInvA 66.21 -0.99 11.6 37.1 IntlStkI 23.43 -0.77 14.2 16.7 5GlbFxdInc 10.04 0.01 2.1 -5.2 FIDSerTresIndxFd 9.94 0.00 2.2 3.7 SAIUSQtyIdx 17.70 -0.20 15.6 41.3 Fed TF A1 10.71 0.03 3.5 -2.7
AssetManager50% 18.75 -0.23 6.6 13.1 BluChpGrK 153.72 -1.48 36.1 38.8
GBalA 34.26 -0.66 6.4 11.7 IntlStkY 23.14 -0.76 14.3 16.9 DFARlEst 35.76 -1.73 -2.1 13.3 FIDZroExtMktIx n 11.01 -0.33 4.7 39.3 SmCapDisc n 23.80 -0.74 5.0 53.2 HiInc A1 1.65 -0.01 5.2 9.2
AsstMngr70 24.37 -0.42 8.4 21.2 CAMun n 12.00 0.03 2.6 -1.8
GovtA 12.19 0.00 0.9 -10.2 SmMidCpGrI 24.42 -0.67 7.3 -7.4 EmgMkt 26.85 -0.97 6.6 17.2 FIDZroLgCpIx n 15.37 -0.22 14.7 43.6 SmlCapO n 12.40 -0.25 6.3 43.5 HY TF A1 8.78 0.04 3.7 -0.6
EmMkt Z 27.76 -1.19 4.1 10.4 CapAp n 36.79 -0.69 15.4 40.9
GwthA 59.44 -0.75 20.1 26.4 StrgVal I 39.47 -0.74 2.0 77.7 EmgMktSoCoEq 13.58 -0.45 7.9 19.0 Flex 500 Index 18.61 -0.26 14.2 45.6 SmlCpGrth n 25.49 -0.40 7.7 22.9 IncomeA1 2.26 -0.03 2.4 29.0
FloatRateHighInc 9.12 0.00 5.6 18.5 CapDevO n 19.14 -0.40 10.8 55.1
HI TrA 9.09 -0.07 3.4 13.2 BNY Mellon Funds Tru: EmgMktVa 28.33 -0.84 7.4 34.6 FlexIntIdx 12.11 -0.42 7.9 19.2 GovtIncome 9.24 0.01 2.1 -12.7 SmlCpGrth K6 13.63 -0.22 7.9 23.8 NY TF A1 9.92 0.03 3.9 -3.9
CnvSc n 31.35 -0.29 5.8 32.4
HiInMuniA 14.71 0.07 3.9 3.0 MCMultiStrM 16.81 -0.35 6.1 31.6 EmMktCorEq 21.65 -0.72 7.6 23.9 FlexUSBdIdx 9.07 0.01 2.5 -11.3 GrOpp 125.92 -2.17 27.1 20.3 Contra n 14.68 -0.05 23.2 31.4 SmlCpGrth Z 25.76 -0.40 7.8 23.3 US Gov A1 5.11 0.00 1.8 -10.4
ICAA 46.36 -0.68 13.2 40.2 NtlIntmMuni 12.86 0.02 2.3 -0.9 EmMktSmCp 21.70 -0.62 7.3 35.8 Freedom2060K 12.09 -0.26 10.6 30.5 InvestGradeBd 7.17 0.01 3.1 -9.3 ContraK 14.74 -0.05 23.3 31.7 SmlCpVal n 18.02 -0.68 1.5 68.5 Utils A1 20.26 -0.68 -5.0 26.0
IncoA 22.47 -0.38 0.8 25.2 Bridge Builder Trust: Fixd 10.16 0.00 2.1 0.7 GlexUSIdxInstPre n 13.55 -0.47 8.0 19.2 NewMktsIncFdZ 11.61 0.06 3.4 -6.5 CpInc n 9.23 -0.08 4.8 20.1 Srs1000ValIndRet 14.06 -0.29 2.2 43.5 Franklin Templeton:
IntBdA 12.39 -0.01 1.1 -6.0 CoreBond 8.92 0.01 2.0 -9.8 GblAll60 40Inst 19.63 -0.26 6.0 22.4 GrowthCompanyK6 20.11 -0.26 30.7 45.4 RE Income 11.21 -0.11 2.3 17.2 DisEq n 54.07 -0.43 18.3 32.1 SrsBlChGroRetail n 13.65 -0.14 36.8 42.4 TgtModA 13.66 -0.13 7.0 13.9
56 BARRON’S June 26, 2023

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.
FrankTemp/Frank Adv: DiscFdA p 77.42 -1.38 8.2 15.1 JPMorgan Inst Class: Natixis Funds: ShtTm 9.52 0.01 2.6 3.5 Rydex Investor Class: CALTAdml n 11.29 0.03 3.1 -2.1 USGro n 50.23 -0.67 28.4 14.7
CA TF Adv 6.79 0.01 2.8 -2.4 DisMdCpGrA 22.14 -0.27 6.3 11.7 ValAdv L 34.28 -0.72 -1.4 48.3 InvGradeBdY 9.75 0.01 2.7 -3.4 TotRt 8.52 0.00 2.5 -10.5 NasdaqInv n 62.81 -0.81 36.0 43.7 CapOpAdml nr 164.26 -3.43 12.4 41.7 WellsI n 24.32 -0.23 1.1 7.5
CvtScAdv 19.83 -0.22 3.5 19.0 DivIncm p 24.03 -0.46 -0.3 33.8 JPMorgan L Class: LSGrowthY 22.27 -0.37 36.8 38.9 PIMCO Funds Instl: CoStIxAd nr 95.90 -0.50 2.0 38.7 Welltn n 40.45 -0.36 6.4 23.3
Dynat Adv 124.61 -1.78 29.1 12.7 DivrsDiv p 17.45 -0.37 0.6 36.7 Fl EmMktEq L 29.67 -0.97 5.4 -3.7 Neuberger Berman Fds: ComPLUSStrtgyFd 6.43 -0.18 -5.2 107.4 S DivAppIdxAdm n 43.14 -0.59 5.2 42.2 Wndsr n 20.75 -0.53 3.2 60.1
Growth Adv 119.41 -1.59 15.9 33.3 EqIncA 9.87 -0.16 1.5 31.6 GenesInst 58.46 -1.31 7.3 31.2 DynamicBd 9.57 0.00 2.3 -0.1 EMAdmr n 33.42 -1.23 3.7 8.1 WndsrII n 40.11 -0.73 8.4 52.4
MdCpVal L 34.21 -0.88 -0.3 47.0 Schwab Funds:
IncomeAdv 2.24 -0.03 2.5 29.8 EqWtdA p 65.94 -1.53 3.3 46.2 IncomeFd 10.44 0.01 3.9 5.5 EnergyAd nr 54.16 -1.90 -9.8 132.9 VANGUARD INDEX FDS:
JPMorgan R Class: LCVal Inst 42.01 -0.80 -2.4 59.1
RisDv Adv 87.04 -1.11 5.9 46.9 GblStrIncmA p 3.09 -0.02 3.5 -4.3 LgShInst 16.68 -0.01 7.1 20.4 InflRespMulAsset 7.57 -0.10 0.4 21.8 1000 Inv nr 94.21 NA NA NA EnergyAdml nr 83.42 -2.11 -2.4 50.6 500 402.62 -5.62 14.1 45.0
GlbOppA p 49.23 -1.88 13.7 -9.7 CoreBond 10.25 0.02 2.9 -8.3 EqIncAdml n 82.02 -1.96 -1.7 45.5
SmCpValAdv 53.77 -2.11 0.9 48.8 StrIncInst 9.58 -0.03 4.2 3.5 Pioneer Funds A: CoreEq n 19.02 NA NA NA EmgMktInstPl 84.54 -3.09 3.8 8.3
GrIncA 20.64 -0.45 1.4 53.7 CorePlusBd 7.21 0.01 2.9 -7.4 EuropeAdml n 75.39 -2.43 10.8 29.3
Utils Adv 20.47 -0.69 -4.9 26.7 Neuberger Berman Inv: CoreEqA 19.79 -0.37 9.5 39.6 FunIntlLgInst nr 10.08 NA NA NA ExtndIstPl 269.13 -8.15 8.5 25.2
HYMuA 8.68 0.05 3.9 2.4 HighYld r 6.18 -0.06 3.6 8.1 ExplrAdml n 93.64 -2.04 7.8 29.6
FrankTemp/Franklin A: DiscGrA 14.70 -0.22 15.8 42.0 FunUSLgInst nr 22.33 NA NA NA FTAIWdInPl 111.52 -3.85 7.8 20.3
MtgBckd 10.07 0.02 2.8 -6.0 Genes n 58.33 -1.31 7.3 30.6 ExtndAdml n 109.06 -3.30 8.5 25.1
BAL A 12.10 -0.11 1.9 19.8 IntTMIA p 10.34 0.02 2.7 0.5 PioFdA 32.33 -0.66 10.8 38.9 InflProSel n 10.35 NA NA NA IdxIntl 17.68 -0.62 7.5 19.9
ShtDurBnd 10.52 0.00 1.7 -0.6 Guard n 23.21 -0.13 21.1 46.0 GNMAAdml n 9.26 0.01 2.3 -9.3
DynaTech A 119.42 -1.70 29.0 11.8 InvGloblFdA 89.94 -2.37 20.9 20.4 Pioneer Funds Y: IntI Sel nr 22.02 NA NA NA ITTresIdx Inst 24.69 0.02 1.9 -11.3
USRechEnhEq 33.55 -0.44 15.3 50.2 LCVal n 42.04 -0.81 -2.5 58.4 GroIncAdml n 88.05 -1.72 12.7 46.1
EqIn A 28.24 -0.87 1.9 40.8 LmtdTrmMunInc p 10.98 0.01 1.5 1.1 S&P Sel n 67.61 NA NA NA LTTresIdx Inst 27.18 0.16 4.8 -30.8
JPMorgPrm: Neuberger Berman Tr: BondY 8.16 0.01 3.1 -5.6 GrwthAdml n 142.39 -1.67 30.2 38.3
FoundFAlA 13.22 -0.32 5.8 22.2 MnStFndA 49.68 -0.74 14.5 39.2 SmCp Sel nr 29.85 NA NA NA MdCpGrAdml n 85.22 -1.96 10.5 21.5
USEquity L 19.56 -0.27 14.6 47.4 GenesisFdR6 58.45 -1.30 7.4 31.6 StratIncY p p 9.26 0.00 3.8 1.4 HltClxAd nr 122.35 -0.01 -1.1 31.1
GrOp A 42.73 -0.36 22.8 13.0 MnStSmCpA p 24.80 -0.41 6.3 36.0 TSM Sel nr 74.48 NA NA NA MdCpVlAdml n 69.20 -2.02 -0.2 47.7
Nicholas Group: Price Funds: HlthCareAdml nr 89.89 -0.87 3.4 25.9
Growth A 118.33 -1.58 15.8 32.3 ModInvA 10.14 -0.13 5.8 11.9 USSmCoIdx nr 14.74 NA NA NA SmValAdml n 68.06 -2.48 0.9 56.9
MunInA 11.95 0.05 3.9 -0.8 L Nich n 79.24 -0.72 18.6 48.0 2050RetFd n 16.11 -0.31 10.2 27.9 HYCorAdml nr 5.18 -0.05 3.4 5.2
LwDuToRt A 8.78 0.00 1.8 1.6 SEI Portfolios: TotBd2 9.47 0.01 2.5 -11.2
RchHiYldMuniA 6.88 0.03 5.3 3.7 Northern Funds: Balnanced n 24.19 -0.28 9.4 18.3 InfProAd n 23.60 0.04 2.2 -0.3 TotIntlInstIdx r 118.26 -4.12 7.5 20.2
RisDv A 87.11 -1.11 5.8 45.9 Laudus Funds: BlChip n 137.05 -0.56 32.4 14.5 CoreFxIn F 9.57 0.02 2.8 -11.7
RisingDivA 23.09 -0.38 9.7 44.9 BdIdx n 9.16 NA NA NA IntlEmg F 10.52 -0.41 6.0 5.3 InfTechIdx n 219.62 -5.52 34.6 57.2 TotItlInstPlId r 118.29 -4.11 7.5 20.2
SmMCpGrA 30.75 -0.58 11.4 7.1 USLgCpGr nr 22.39 NA NA NA Communica&Tech n 113.13 -1.59 22.2 -2.3
RochAMTFrMuni 6.92 0.03 4.1 0.6 EmMktsEqIdx nr 10.79 NA NA NA IntlEq F 11.13 -0.29 11.1 24.5 IntlGrAdml n 100.59 -3.62 11.3 8.2 TotSt 104.61 -2.07 13.2 41.8
StrInc A 8.14 -0.02 3.3 0.1 Lazard Instl: DivGro n 66.45 -0.94 4.0 41.2
RochLmtTrNYMuni p 2.80 0.01 2.5 0.8 HiYFxInc n 5.72 NA NA NA ITBondAdml n 10.20 0.01 2.6 -11.4 VANGUARD INSTL FDS:
TtlRtn A 8.29 0.01 2.9 -9.5 EqInc n 32.45 -0.81 -0.3 49.2 IntMuni F 10.99 0.02 2.3 -1.1
RoMu A p 15.14 0.07 5.4 1.5 EmgMktEq 16.38 -0.46 12.4 26.1 IntlEqIdx nr 13.49 NA NA NA ITIGradeAdml n 8.43 0.00 3.2 -9.0 BalInst 42.59 -0.60 8.9 18.7
FrankTemp/Franklin C: EqIndex n 114.75 -1.60 14.1 44.8 LgCapGr F 41.08 -0.32 23.5 34.5
SenFltRtA 6.57 -0.02 4.5 20.7 GlbLstInfr 14.72 -0.43 5.2 27.2 IntTxExpt n 9.77 NA NA NA ITsryAdml n 9.95 0.01 1.7 -10.3 DevMktsIndInst 14.55 -0.50 8.9 24.8
Income C 2.31 -0.02 2.5 27.6 GlbStk n 52.43 -1.08 14.7 23.4 TaxMgdLC F 32.17 -0.42 7.2 42.7
SP IncomeA 4.63 -0.12 4.5 110.2 IntStrtEq r 14.70 -0.50 9.5 18.1 MidCpIdx n 19.32 -0.50 4.3 46.1 ITTresIdx n 19.90 0.02 1.9 -11.3 DevMktsInxInst 22.74 -0.78 8.9 24.8
FrankTemp/Franklin R: GlbTech n 13.94 -0.34 38.7 -5.5 Sequoia:
Invesco Funds P: Legg Mason I: SmCpVal n 18.33 NA NA NA LarCapAd n 100.03 -1.80 14.6 43.3 EmMkInst r 25.41 -0.93 3.7 8.2
FrkDynTchR6 126.42 -1.80 29.2 13.0 Growth n 79.72 -0.64 29.4 14.9 SequoiaFd n 138.89 -1.58 11.4 17.8 LTGradeAdml n 7.98 0.01 4.6 -20.0
Summit P pn 20.60 -0.25 24.5 16.5 IntlGrTrI 59.48 -1.87 10.1 11.7 StkIdx n 46.23 -0.82 13.7 44.6 ExtndInst 109.05 -3.31 8.5 25.2
FrkGrthR6 119.34 -1.59 16.0 33.6 HelSci n 90.41 -0.56 0.7 20.0 SmeadFds: LTsryAdml n 9.03 0.04 4.5 -30.5
Invesco Funds Y: Longleaf Partners: Nuveen Cl A: FTAlWldIst r 105.31 -3.64 7.7 20.2
FrkIncR6 2.25 -0.03 2.5 30.5 InstFLRfd r 9.28 0.00 5.2 15.4 SmeadValueInstl 66.14 -1.38 0.0 69.1 MidCpAdml n 262.71 -6.91 4.8 34.2
DevMktY 38.56 -1.51 10.3 -3.9 Partners n 20.43 -0.60 11.9 37.8 AAMunBd p 10.11 0.03 3.2 -5.7 FTScinst 29.36 -0.40 18.0 40.9
FrkRisDivR6 87.03 -1.11 5.9 47.3 InstHiYld 7.47 -0.07 4.7 6.6 SSgA Funds: MrgBkdIdx n 18.44 0.03 2.2 -10.4
DiscovY 95.57 -1.70 8.3 15.9 Loomis Sayles Fds: HiYldMuBd p 15.14 -0.02 4.2 3.7 GrwthInst 142.39 -1.68 30.2 38.4
FrkSmCpGrR6 20.93 -0.38 13.5 4.8 LgCapGow I 58.77 -0.22 28.0 26.8 SP500 n 227.94 -4.04 13.7 44.5 MuHYAdml n 10.48 0.03 4.0 0.7
EqWtdY 67.00 -1.56 3.4 47.3 LSBondI 11.40 -0.02 2.3 -0.2 Nuveen Cl I: InPrSeIn 9.61 0.01 2.2 -0.3
FrankTemp/Mutual A&B: InstLCCoreGr 55.04 -0.23 32.5 14.9 MuIntAdml n 13.49 0.02 2.3 -0.6
GloblY 91.09 -2.40 21.1 21.3 Lord Abbett A: HYMunBd 15.15 -0.02 4.4 4.5 InstIdx 364.30 -5.07 14.2 45.5
Shares A 23.17 -0.31 2.8 35.0 LgCpVal 22.08 -0.49 -0.5 48.4 T MuLTAdml n 10.75 0.02 3.3 -1.3 InstPlus 364.30 -5.07 14.2 45.5
IntGrowY 37.25 -1.34 12.6 13.5 Affiltd p 15.25 -0.22 -1.3 32.3 Nuveen Cl R: InstSmCap 25.23 -0.63 5.6 26.8 MuLtdAdml n 10.71 0.02 1.5 0.6
FrankTemp/Temp A: IntlSmCoY 41.24 -1.98 6.2 5.0 InstTStIdx 75.24 -1.50 13.3 42.4
BdDeb p 6.91 -0.03 1.4 0.4 IntDMunBd 8.76 0.02 2.5 -1.1 IntDis n 59.71 -2.23 5.0 4.5 TCW Funds: MuShtAdml n 15.61 0.01 1.3 1.6
Frgn A 7.59 -0.24 10.6 34.2 Ivy Funds: InstTStPlus 75.21 -1.50 13.3 42.4
CalibrDivGr 17.89 -0.20 5.9 38.5 LmtTrmR 10.76 0.01 1.4 0.0 IntlStk n 18.14 -0.56 9.3 12.0 EmMktInc n 6.13 0.02 3.5 -9.7 NJLTAdml n 11.27 0.03 3.9 2.0
GlBond A 7.70 -0.09 -1.0 -12.1 ITBdInst 10.20 0.01 2.6 -11.4
AssetStrA p 18.81 -0.38 5.9 23.9 FloatRt p 7.98 0.00 5.6 16.7 MCapVal n 29.67 -0.80 4.7 55.9 TotRetBondI n 8.22 0.01 2.9 -13.8 NYLTAdml n 10.74 0.03 3.9 -1.2
Growth A n 23.65 -0.46 10.7 22.8 O ITBdInstPI 10.20 0.01 2.6 -11.3
CoreEqA t 15.42 -0.16 11.4 44.5 HYMuniBd p 10.68 0.07 4.2 -0.4 MCEqGr 61.26 -1.20 9.6 22.8 Thompson IM: PacifAdml n 85.00 -3.29 7.5 14.8
World A 13.48 -0.24 18.1 14.3 LaCapInst 411.69 -7.41 14.6 43.3
LgCpGwthA p 27.84 -0.14 24.8 40.9 IntrTxFr 10.12 0.02 2.8 -1.7 MidCap n 97.03 -1.89 9.4 22.6 Bond n 9.74 0.02 1.3 5.1 PALTAdml n 10.70 0.03 3.1 -1.5
FrankTemp/Temp Adv: Oakmark Funds Invest: MidCpInst 58.03 -1.53 4.8 34.3
LgCpGwthl r 30.46 -0.16 24.9 42.1 MultiAstBalOppty 10.32 -0.10 3.9 15.3 NAmer n 60.07 -0.49 15.3 39.3 Thornburg Fds: PrmcpAdml nr 150.01 -3.29 14.6 47.4
GlBondAdv 7.66 -0.09 -0.9 -11.5 MidCpIstPl 286.21 -7.54 4.8 34.3
MidCapI 30.41 -0.57 13.4 22.0 ShtDurIncmA p 3.82 0.00 1.6 0.6 EqtyInc nr 31.27 -0.52 6.3 34.8 NHoriz n 52.00 -0.95 12.2 0.8 RealEstatAdml n 113.57 -5.40 -1.8 12.1
Frost Family of Fund: IncBuildA t 22.29 -0.50 7.2 35.9 RealEstaInstl 17.58 -0.83 -1.8 12.2
MdCpGwthA p 26.62 -0.50 13.3 20.8 TaxFr p 10.39 0.04 4.0 -2.3 Oakmark n 116.29 -3.15 13.7 70.8 OverS SF nr 11.95 -0.38 8.9 24.5 S&PSC600Idx 354.27-11.66 1.6 47.0
IntVal I 24.20 -0.80 9.6 24.1 Rs1000GrwIdxInst532.91 -6.73 26.2 42.7
FrTRInst 9.39 0.01 3.0 6.1 ScTechA p 44.81 -0.76 22.1 22.3 Lord Abbett C: OakmrkInt n 26.50 -1.10 15.2 40.2 QMUSSmCpGrEq n 38.09 -0.70 9.8 23.7 SmCapAdml n 91.36 -3.09 4.7 35.8
LtdTIncI 12.58 0.00 2.5 -3.0 Rs1000Vl IdxInst262.76 -6.80 2.2 43.1
ScTechI r 57.23 -0.97 22.3 23.0 ShtDurIncmC t 3.84 0.00 1.3 -1.5 Select n 59.54 -1.59 20.3 61.3 SpectModerGwAllo n 34.60 -0.49 9.0 19.8 SmGthAdml n 77.48 -2.35 10.2 11.2
G LtdTMu I 13.48 0.01 1.2 -2.3 Russ1000IdxInst380.98 -7.19 13.8 43.3
Lord Abbett F: Old Westbury Fds: R2010 n 14.28 -0.12 5.8 10.8 STBondAdml n 9.91 0.00 1.4 -4.5
J Thrivent Funds A: Russ3000Idx 372.98 -7.64 13.2 42.5
AlCpCore n 22.60 NA 13.7 33.9 R2015 n 11.91 -0.11 6.1 12.7 STCorpIx n 20.58 0.01 1.8 -2.5
GE Elfun/S&S: ShtDurIncm 3.82 0.00 1.9 0.9 LgCpStk 24.78 -0.53 10.6 30.7 SmCapInst 91.35 -3.09 4.7 35.8
CreditIncomeFd n 8.10 NA 1.9 NS R2020 n 17.80 -0.18 6.3 14.6 STFedAdml n 9.99 0.00 0.9 -3.9
Trusts n 69.15 -0.30 18.0 41.4 Janus Henderson: Lord Abbett I: MidCapStk 27.04 -0.50 4.7 46.3 SmCapIstPl 263.68 -8.92 4.7 35.8
FixInc pn 10.07 NA 1.1 -8.6 R2025 n 15.64 -0.17 7.0 17.4 STIGradeAdml n 9.99 -0.01 1.8 -2.5
GMO Trust Class III: BdDebentr 6.87 -0.03 1.4 1.1 Thrivent Funds S: SmGthInst 62.05 -1.88 10.3 11.3
Balanced C 39.46 -0.30 7.3 17.0 LrgCpStr n 16.10 NA 10.4 21.9 R2030 n 23.58 -0.32 7.9 20.1 STIPSIxAdm n 23.81 0.01 1.7 7.1
FloatRt 7.99 0.00 5.8 17.6 SmValInst 38.04 -1.39 0.9 56.9
EmgCntryDt 18.19 NA NA NA Balanced T n 40.13 -0.30 7.7 19.8 MuniBd pn 11.47 NA 0.8 -4.0 R2035 n 18.59 -0.29 8.8 23.0 LgCpVal n 26.07 -0.51 2.4 57.1 STsryAdml n 9.83 0.00 0.8 -4.0
HiYld 6.13 -0.06 3.1 5.7 STBdIdxInstPl 9.91 0.00 1.4 -4.4
Quality 27.53 -0.22 19.4 53.7 Enterprise T n 129.21 -2.72 9.1 35.6 Sm&MdCapStrategi n 14.44 NA 3.8 10.6 R2040 n 26.76 -0.47 9.6 25.5 MidCapStk n 31.94 -0.59 4.8 47.2 STTresIdx n 19.28 0.00 1.2 -3.2
ShtDurInc p 3.81 -0.01 1.7 1.0 STBDInst 9.91 0.00 1.4 -4.5
GMO Trust Class VI: GlLifeSci T nr 69.05 -0.68 3.3 27.0 Optimum Funds Inst: Ret2045 n 19.00 -0.36 10.0 27.6 TIAA-CREF/Instl Cl: TotBdAdml n 9.58 0.01 2.5 -11.1 STCorpIxInst p 25.20 0.02 1.8 -2.4
Quality 27.54 -0.22 19.4 54.2 GlTech T nr 45.48 -0.83 35.3 26.5 Ret2055 n 16.78 -0.33 10.2 27.7 CoreBond Inst 9.07 0.01 2.8 -8.8 TotIntBdIdxAdm n 19.51 0.06 3.7 -9.7
MN Fixed Inc 8.19 0.00 2.4 -10.4 STIGradeInst 9.99 -0.01 1.8 -2.4
Goldman Sachs Inst: Grw&Inc T n 68.42 -1.19 8.6 45.4 RetBal Inc n 12.48 -0.09 5.2 10.7 CorePlsBd 9.07 0.00 3.0 -7.2 TotIntlAdmIdx nr 29.57 -1.03 7.5 20.1
LgCpGrwth 20.13 -0.16 26.7 19.4 STIPSIxins 23.83 0.01 1.7 7.2
Resh T n 59.70 -0.64 25.8 29.2 SciTec n 36.03 -0.95 37.9 23.7 TIAA-CREF/Retail Cl: TotStAdml n 104.62 -2.09 13.3 42.2
EmgMktEq 21.51 NA NA NA MainStay Fds A: LgCpVal 18.90 -0.31 1.3 44.0 STTresIdx 24.23 0.01 1.2 -3.2
Jensen I : Sht-Bd n 4.49 0.00 1.6 -1.3 TxMBal nr 38.83 -0.42 7.8 19.9
HYMuni 9.07 0.04 4.6 2.7 HiYldBdA 5.00 -0.03 4.2 8.9 Osterweis Strat Income: EqIdx n 31.31 -0.51 13.1 41.5 TotBdInst 9.58 0.01 2.5 -11.1
Jensen I 59.05 -0.77 8.6 43.9 SmCap n 48.10 -1.43 0.4 38.6 TxMCapAdml n 223.90 -4.01 14.0 44.1 TotBdInst2 9.47 0.01 2.5 -11.0
Muni 15.09 0.04 3.2 2.1 TxFrBdA 9.38 0.02 2.8 -2.3 OsterweisStrInc n 10.50 -0.04 4.7 12.8 Gro&Inc n 22.78 -0.28 19.6 44.4
JensenQualGrJ n: SmCapStk n 54.11 -1.38 5.4 26.7 TxMIn nr 14.53 -0.50 8.9 24.7 TotBdInstPl 9.58 0.01 2.5 -11.0
Guggenheim Funds Tru: Mairs&Power: TIAA/CREF Funds:
JensenQualGrJ n 59.13 -0.77 8.5 43.0 PQ SpecGr n 22.12 -0.40 9.6 32.5 TxMSC nr 77.97 -2.55 1.6 47.1 TotIntBdIdxInst29.28 0.09 3.7 -9.6
MacOppFdClInstl 23.81 -0.10 3.4 8.7 MairsPwrGr n 136.12 -1.59 15.4 43.0 SpecInc n 11.03 -0.04 2.7 1.4 BdIdxInst 9.56 0.01 2.6 -11.3 USGroAdml n 130.15 -1.75 28.5 15.1
TotRtnBdFdClInst 23.53 0.02 3.5 -7.4 JHF III DispVal: EqIdxInst 30.74 -0.49 13.2 42.7 TotStInst 104.64 -2.09 13.3 42.3
Mass Mutual: Parnassus Fds: SuMuInt n 11.26 0.02 2.3 -1.1 UtilIxAd nr 71.36 -1.98 -6.5 24.2
GuideStone Funds: DispVal I 21.12 -0.33 1.1 52.9 Gr&IncInst 14.63 -0.18 19.7 45.5 TtlWrldIxInst p 193.60 -4.55 11.0 32.7
SelBluChipGroClI 21.87 -0.21 34.5 24.6 ParnEqFd n 53.18 -0.79 13.5 45.2 TF Incom n 10.82 0.05 4.2 2.3 ValAdml n 54.12 -1.40 0.1 48.4 TxMCaInst r 111.24 -2.00 14.0 44.2
EqindxGS2 45.76 NA NA NA DispValMCI 25.23 -0.52 3.3 54.0 HgYldInst 8.26 -0.08 3.9 6.0
MassMutual Select: Pear Tree: TotIndex n 46.54 -0.74 13.4 41.2 WdsrllAdml n 71.14 -1.30 8.4 52.7 ValueInst 54.12 -1.40 0.1 48.5
MedDurGS2 12.64 NA NA NA DispValMdCp 23.97 -0.50 3.2 52.8 IntlEqIdxInst 20.98 -0.69 9.8 24.6
MCGrEqIII 19.10 -0.37 9.3 20.9 U.S.EqResch n 42.12 -0.52 16.1 47.6 WellsIAdml n 58.92 -0.53 1.1 7.8 Victory Funds:
DispValMdCpR6 25.23 -0.52 3.4 54.5 ForeignVal I r 21.08 -0.81 7.9 24.1 IntlEqInst 12.59 -0.42 10.1 26.1
Metropolitan West: USLrgCpCore n 31.97 -0.26 9.4 41.5 WelltnAdml n 69.84 -0.63 6.5 23.6
H DispValR6 21.17 -0.34 1.1 53.3 Perm Port Funds: LC2040Inst 9.64 -0.16 9.4 25.1 EstValA 44.66 -1.27 0.4 61.3
Value n 39.21 -0.54 1.7 48.5 WndsrAdml n 69.96 -1.76 3.3 60.6
JHITFunLgCpCorFd: LowDurBdI 8.20 0.00 1.9 -1.6 Permanent n 47.48 -0.97 2.3 24.0 LCIdx2020Inst 18.08 -0.18 6.6 11.4 EstValI 44.69 -1.31 0.5 62.8
Price Funds - Adv Cl: VANGUARD FDS:
Harbor Funds: FunLgCpCorA 59.07 -1.01 17.2 38.2 TotRetBd n 9.12 0.01 2.5 -11.8 PGIM Funds Cl A: LCIdx2025Inst 19.86 -0.23 7.2 14.4 SmCoOppI 46.16 -1.47 -0.5 53.3
TotRetBdI 9.11 0.00 2.6 -11.3 BlChip p 133.19 -0.56 32.2 13.6 CAIT n 11.23 0.01 2.1 -1.4 Victory Portfolios I:
CapApInst 84.31 -0.97 34.3 25.3 John Hancock: HighYield 4.57 -0.03 3.9 6.1 LCIdx2035Inst 23.41 -0.37 8.9 21.1
TRBdPlan 8.54 0.00 2.6 -11.1 Growth p 77.01 -0.62 29.2 14.0 DivdGro n 35.75 -0.37 1.6 43.5
IntlInst 42.73 -1.45 8.6 28.9 500Index1 46.41 -0.65 14.0 44.2 JennGrowth 48.26 -0.61 34.0 24.9 LCIdx2040Inst 24.90 -0.46 9.8 25.2 500Indx Reward n 55.60 -0.99 14.5 44.1
UnconstrBdI 10.27 -0.02 3.2 0.2 R2030A p 23.27 -0.31 7.8 19.2 DivrEq n 41.15 -0.72 14.1 37.4
SmCpValInst 37.14 -1.19 3.6 45.6 BondI 13.44 0.00 2.9 -8.3 JennUtility 13.95 -0.37 -4.7 23.0 LCIdx2045Inst 25.85 -0.50 10.4 28.9 CrnstModAggr n 24.62 -0.41 4.8 14.2
MFS Funds: R2040A p 26.42 -0.46 9.5 24.6 Energy nr 44.45 -1.13 -2.5 50.3
Harding Loevner: BondR6 13.47 0.00 3.0 -8.0 TotalReturnBond p 11.89 0.01 3.1 -10.3 LrgCpGrIdxInst 46.77 -0.50 26.2 42.7 Gr&Inc n 20.95 -0.32 13.6 37.5
Price Funds - R Cl: EqInc n 39.14 -0.94 -1.8 45.1
IntlEq 25.55 -0.78 9.1 17.4 IntlGrwI 24.16 -1.02 7.7 8.0 IIE 31.49 -1.04 11.9 30.3 PGIM Funds Cl Z: LrgCpGrInst 20.91 -0.22 29.9 29.0 Grwth n 30.61 -0.35 33.2 28.4
R2030R p 22.94 -0.31 7.6 18.4 Explr n 100.69 -2.18 7.7 29.2
Hartford Funds A: John Hancock Class 1: MFS Funds Class A: LrgCpVl IdxInst 22.21 -0.45 2.2 43.3 Inco n 11.23 -0.03 2.7 -6.5
HighYield 4.58 -0.04 4.0 6.9 PRIMECAP Odyssey Fds: FTAlWldInAdml n 33.22 -1.15 7.7 20.2
AgGrAIA 26.52 -0.62 6.9 27.6 LrgCpVl IdxRet 22.64 -0.47 2.0 42.2 IncStk n 17.22 -0.48 0.3 41.2
BalIncA 13.77 -0.15 1.1 10.8 BlueChipGrw 43.56 -0.17 32.5 14.5 JennGrowth 54.70 -0.68 34.2 26.0 AggGrowth r nr 41.64 -1.13 14.9 21.7 GlbCapCyl Inv nr 11.81 -0.47 2.8 66.2
CoEqyA 42.01 -0.71 10.7 37.8 LrgCpVl Inst 19.73 -0.33 3.6 49.9 IntmTerm n 12.44 0.02 2.2 -0.4
CapAppA 36.11 -0.56 9.5 28.8 LSAggr 12.75 -0.32 8.0 27.5 TotalReturnBond 11.85 0.01 3.2 -9.5 Growth r nr 37.29 -0.98 10.7 37.7 GlbEq n 30.43 -0.73 13.8 25.5
GrowthA 148.69 -1.16 21.5 21.9 QuantSmCpEqInst 15.93 -0.42 5.1 52.1 LgTerm n 11.92 0.04 2.9 -2.2
DiscpEqA 42.70 -0.48 10.4 35.7 LSBalncd 12.23 -0.18 6.5 16.3 PIMCO Fds Instl: Stock r nr 34.88 -0.77 9.3 52.8 GloMinVolFdAdm n 27.53 -0.37 2.3 19.1
IntlVA 39.21 -1.30 10.3 10.4 RealSecInst 15.72 -0.73 -1.4 8.2 Nasdaq100 n 38.15 -0.49 36.4 47.4
DivGth A 30.35 -0.59 4.0 48.0 LSGwth 12.64 -0.25 7.4 22.5 AllAsset 10.73 -0.12 3.1 20.5 Principal Investors: GNMA n 9.26 0.01 2.3 -9.6
MCapA 24.13 -0.37 9.2 13.6 S&P500IdxInst 47.80 -0.67 14.2 45.4 ntTerBd n 9.10 -0.01 3.4 -4.0
EqInc 19.83 -0.49 -1.0 45.4 LSModer 11.51 -0.11 5.2 9.8 AllAssetAuth r 6.38 -0.07 1.8 13.3 GroInc n 53.96 -1.03 12.7 45.6
MCapValA 27.72 -0.74 1.7 50.3 HiYld IN 7.99 -0.05 5.0 7.6 S&P500IdxRet 47.41 -0.67 14.0 44.3 S&PIdx n 55.57 -0.97 14.5 43.7
GrOppty 37.73 -0.46 26.3 13.2 John Hancock Funds A: CommodtyRR 13.03 NA NA NA HlthCare nr 213.16 -2.06 3.4 25.7
MIGA 37.56 -0.60 13.7 41.9 InfPro IN 7.86 0.02 2.5 -0.4 SmCpBl IdxInst 20.90 -0.61 4.2 31.9 TarRet2040 n 11.54 -0.21 7.7 23.5
MidCap A 23.76 -0.60 5.0 13.7 BalA 24.29 -0.29 8.8 18.6 DivInc 9.17 0.00 3.2 -4.6 HYCor nr 5.18 -0.05 3.4 4.9
MITA 34.76 -0.49 8.7 37.0 LgIndxI 21.98 -0.30 14.1 44.8 SocChEqInst 24.41 -0.45 9.7 40.5 Virtus Equity Trust:
Hartford Funds C: BondA p 13.44 0.00 2.8 -9.1 EmMktsBd 8.06 0.05 4.2 -6.9 InflaPro n 12.02 0.02 2.2 -0.6
MuHiA 7.30 0.03 3.5 0.2 LT2020 In 11.87 -0.10 5.6 11.1 Tortoise Capital: SmCapSusI 31.83 -0.94 9.5 2.2
Bal IncC 13.51 -0.15 0.7 8.4 LifeBal 12.35 -0.18 6.3 15.0 HiYld 7.62 -0.07 4.2 4.7 IntlExplr n 16.44 -0.67 8.5 10.2
MuInA 8.09 0.03 3.2 -1.0 LT2030In 13.05 -0.17 6.9 17.0 TorMLPPipInsCl 12.82 -0.33 0.1 78.3 VirtusFunds:
Hartford Funds I: LifeGrw 12.71 -0.26 7.2 21.2 HiYldMuniBd 8.35 0.03 4.5 2.2 IntlGr n 31.62 -1.14 11.2 7.8
ResBdA 9.41 0.00 3.1 -9.1 LT2040I 14.58 -0.25 8.6 22.8 Touchstone Funds Gro: CeredexMdCpVlEqI 10.76 -0.25 0.0 37.9
BalIncI 13.78 -0.15 1.2 11.7 John Hancock Instl: IntlBdUSH 9.50 0.02 3.6 -4.1 IntlVal n 39.40 -1.28 10.2 32.1
RschA 51.35 -0.69 10.3 34.5 LT2050I 15.15 -0.30 9.5 26.7 VirtusFunds Cl I:
DivGthI 30.16 -0.59 4.1 49.1 StratIncmOppI 9.78 -0.02 3.2 1.3 InvGrdCrBd 8.78 0.00 3.6 -9.0 MdCpY 46.38 -0.56 12.4 33.7 ITIGrade n 8.43 0.00 3.1 -9.2
TotRA 18.76 -0.24 2.6 19.9 MidCpBldA 33.48 -0.12 11.6 30.9
EmrgMktEqInv 15.46 -0.62 6.3 4.0 JPMorgan A Class: LgTrmCrdtBd 8.94 0.01 4.9 -16.9 Touchstone Strategic: LifeCon n 20.15 -0.17 6.1 5.3 EmMktI 7.85 -0.22 1.7 -7.8
UtilA 21.92 -0.69 -2.1 29.7 PreSecI 8.51 -0.04 -0.7 -0.5
EqIncI 19.67 -0.49 -0.9 46.5 LngDurTotRtrn 7.37 0.03 5.1 -21.2 LagCapFoc A p 55.38 -0.55 16.1 48.1 LifeGro n 39.37 -0.74 9.3 23.1 MulSStI 4.38 NA NA NA
CoreBond 10.24 0.02 2.7 -9.4 ValueA 46.88 -1.02 -0.5 37.6 PtrLGI In 16.36 -0.14 24.6 22.0
InterValue 16.45 -0.40 8.8 53.1 LowDur 9.04 0.00 1.3 -3.4 Transamerica A: LifeInc n 14.87 -0.05 4.4 -3.0 Vivaldi Merger:
CorePlusBd p 7.20 0.00 2.6 -8.4 MFS Funds Class I: PtrLV In 16.99 -0.31 0.5 43.0
IntlAlphaInv 16.06 -0.48 11.5 27.4 LowDurInc r 7.84 0.02 3.6 7.2 LifeMod n 29.54 -0.40 7.7 13.9 Arbitrage Fund 10.77 0.01 0.6 14.1
EqInc p 21.33 -0.40 -2.9 41.5 RealEstSecI 24.94 -1.40 0.0 16.5 AsAlModGr p 11.56 -0.17 7.6 17.3
GrowthI 161.24 -1.26 21.6 22.8 ModDur 9.10 0.00 1.8 -6.4 LTIGrade n 7.98 0.01 4.5 -20.2 Voya Fds:
MidCap 25.22 -0.65 5.2 14.5 GwthAdv p 27.55 -0.29 24.9 39.7 SAMBalA p 14.42 -0.14 7.1 16.4 Trust for Professional Ma:
MCapI 26.01 -0.40 9.3 14.5 MortgOppBd 9.41 -0.02 3.1 2.4 MATxEx n 10.04 0.02 3.1 -2.6 InmdBdI 8.61 NA NA NA
WorldBond 9.96 0.01 0.5 -2.9 Inv Bal p 14.53 -0.15 6.4 15.3 SAMGrA p 16.54 -0.23 8.8 24.0 PrfTrtStrtBd Ins 19.37 0.05 3.1 -4.3
MCapValI 28.58 -0.77 1.8 51.4 RealRtnI 10.02 0.00 1.8 0.2 MidCpGro pn 21.17 -0.44 12.5 10.5
Hartford HLS Fds IA: InvCon p 11.80 -0.07 4.5 6.1 Putnam Funds Class A: Tweedy Browne Fds:
MIGI 39.13 -0.63 13.8 43.0 ShortT 9.52 0.01 2.6 3.8 MuHY n 10.48 0.03 4.0 0.5 WXYZ
Balanced 27.74 -0.39 5.6 24.5 InvG&I p 17.16 -0.22 7.7 23.1 ResBdI 9.41 0.00 3.1 -8.7 DynAAGthA 17.32 NA NA NA GblValue n 27.33 -0.49 7.3 28.8 MuInt n 13.49 0.02 2.3 -0.9
CapApp 43.15 -0.72 9.6 32.9 InvGrwt p 21.51 -0.36 9.4 32.3 ShtAssetInv 9.87 0.00 2.4 3.6
RschI 53.11 -0.70 10.4 35.6 PutLargCap p 29.29 -0.48 4.5 52.2 OHLTte n 11.53 0.03 3.0 -3.0 Wasatch:
DiscEqui 17.42 -0.20 10.4 37.0 LgCpGwth p 52.75 -0.45 21.0 37.2 StksPLS 10.63 -0.15 14.0 40.0
ValueI 47.18 -1.06 -0.4 38.6 GlbHlthCare p 57.13 -0.08 2.1 29.7 U Primcp nr 144.78 -3.18 14.6 47.1
TotRetESG 7.55 -0.01 2.1 -12.0 CoreGr n 71.24 -1.37 10.2 24.6
Div&Grwth 22.95 -0.45 4.1 50.0 USEquity 19.41 -0.27 14.4 45.6 Morgan Stanley Inst: GrOpp p p 48.73 -0.41 28.3 31.4 PrmcpCor n 30.01 -0.62 10.4 48.5
TotRt 8.52 0.00 2.5 -10.2 UM Funds: WCM:
TotRetBd 9.55 0.01 3.0 -9.4 JPMorgan I Class: StDurInc 10.02 NA NA NA SelValu nr 26.63 -0.66 6.6 68.8
CapGrI 32.99 -0.91 29.0 -27.7 TrndsMgdFutStrgy 11.00 NA NA NA FcusEmgMk Inst 12.92 -0.55 0.3 -8.1
CoreBond 10.24 0.02 2.9 -8.7 SustainLdrsFd p 99.56 -1.04 12.6 31.4 BehavVal 73.38 -3.27 -3.0 84.3 STAR n 26.33 -0.37 9.0 16.5
I CapGrP p 29.59 -0.82 28.9 -28.2 PIMCO Funds A: WCM Focus Funds:
CorePlusBd 7.20 0.01 2.8 -7.6 Putnam Funds Class Y: STIGrade n 9.99 -0.01 1.7 -2.8
GloFranI t 33.01 -0.48 9.7 24.1 IncomeFd 10.44 0.01 3.7 4.3 V WCMFocIntlGrwIns 21.89 -0.55 11.3 17.5
IFP US Equity Fund: EmMktEq I 29.44 -0.97 5.4 -4.0 MorganStanleyPathway: GrOpp Y 52.18 -0.43 28.4 32.4 StratgcEq n 32.21 -0.76 5.3 56.6
EqInc 21.77 -0.41 -2.7 42.6 LowDurInc 7.84 0.02 3.4 5.9 PutLargCap 29.29 -0.48 4.6 53.3 Western Asset:
StrSmCpEqInv n 33.10 -0.87 4.6 60.5
IFP US EquityFd 18.97 -0.24 14.8 42.1 GrAdv r 29.17 -0.31 25.0 40.8 CoreFxIcm n 6.89 0.00 2.6 -11.5 RealRtnA 10.02 0.00 1.6 -1.0 VALIC: CoreBondI 10.69 0.01 2.7 -13.2
StDurInc 10.03 NA NA NA TgtRe2020 n 26.91 -0.24 6.1 10.5
Invesco Fds Investor: LgCapVal 18.08 -0.33 1.5 64.6 LgCapEq n 21.18 -0.30 13.3 37.7 TotRetA 8.52 0.00 2.4 -11.1 IntlEq 7.47 -0.26 9.2 22.6 CoreBondIS 10.70 0.01 2.7 -13.1
TgtRe2025 n 17.88 -0.22 7.2 13.6
DivrsDiv n 17.44 -0.38 0.6 37.1 LgCpGwth 54.20 -0.46 21.2 38.2 Munder Funds: PIMCO Funds C: R MidCpIdx 23.24 -0.60 4.1 45.2 CorePlusBdA 9.50 0.06 3.3 -14.5
TgtRe2030 n 33.87 -0.48 8.0 16.8
Invesco Funds A: MdCpGrw 42.21 -0.69 11.5 18.6 MndrIntlSmCpInv r 13.77 -0.52 7.6 16.5 IncomeFd 10.44 0.01 3.4 2.0 SciTech 21.34 -0.48 34.8 21.5 TgtRe2035 n 21.01 -0.34 8.6 20.3 CorePlusBdI 9.51 0.06 3.5 -13.5
500InxA 46.08 -0.64 13.9 43.3 MdCpVal 33.57 -0.87 -0.4 46.2 Mutual Series: PIMCO Funds I2: RiverNorth Funds: StckIdx 46.37 -0.65 14.0 44.3 TgtRe2040 n 37.13 -0.66 9.2 23.9 CorePlusBdIS 9.50 0.05 3.5 -13.5
ActiveAllA 12.66 -0.19 6.5 17.9 MtgBckd 10.07 0.02 2.7 -6.4 BeacnZ 15.15 -0.20 5.4 33.6 ComPLUSStrtgyFd 6.33 -0.17 -5.2 106.8 RNDLIncomeI 8.51 NA NA NA VANGUARD ADMIRAL: TgtRe2045 n 25.06 -0.50 9.8 27.6 ManagedMuniA 14.92 0.04 3.6 1.0
CapApprA p 57.87 -0.33 22.0 26.3 ShtDurBnd 10.52 0.00 1.7 -0.8 GlbDiscA 28.74 -0.30 8.7 47.8 Income 10.44 0.01 3.9 5.2 Russell Funds S: 400MCpIdxInst339.57 -8.79 4.3 46.5 TgtRe2050 n 41.64 -0.87 10.2 28.2 SMAShCrPlCp n 6.42 0.05 5.7 -17.6
Chart 16.76 -0.22 14.2 37.6 SmCap 50.84 -1.46 1.2 30.1 GlbDiscz 29.59 -0.30 8.9 49.0 IntlBdUSH 9.50 0.02 3.5 -4.4 StratBd 9.23 NA NA NA 500Adml n 402.64 -5.61 14.2 45.5 TgtRe2060 n 42.78 -0.90 10.2 28.2 SmashSerM n 7.82 0.00 0.8 -21.9
CmstA 26.54 -0.70 1.2 67.0 USEquity 19.51 -0.27 14.6 46.7 QuestZ 12.88 -0.12 -0.7 18.1 InvstGrCrBd 8.78 0.00 3.5 -9.2 TaxExBd 21.83 NA NA NA BalAdml n 42.58 -0.60 8.9 18.6 TgtRet2055 n 46.45 -0.98 10.1 28.2 Wm Blair Funds Cl I:
DevMktA 39.22 -1.53 10.2 -4.6 ValAdv 34.24 -0.72 -1.4 47.7 SharesZ 23.53 -0.32 2.9 36.1 LowDurInc 7.84 0.02 3.5 6.8 TxMngUSLgCp 64.41 NA NA NA CAITAdml n 11.23 0.01 2.1 -1.2 TgtRetInc n 12.82 -0.07 5.1 4.4 SmMidI r 27.89 -0.51 7.6 16.9
June 26, 2023 BARRON’S 57

D ATA MARKET LABORATORY B A R R ON S .C OM / 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
Jun 19
…
…
…
20
34100.24
34206.66
34114.11
21
33973.93
33990.56
33935.08
22
33892.66
33900.47
33925.97
23
33746.94
33835.66
33774.00
Market Advance/Decline Volumes
Daily
NY Up
NY Off
NY Up - Comp.
Jun 19 20 21
... 218,214 396,803 232,165 520,036
... 798,374 514,809 598,840 2,037,748
... 999,867 1,484,568 1,013,979 1,181,948
22 23

NY Off - Comp. ... 3,016,165 2,151,008 2,472,138 4,770,104

10:30 … 33922.99 33967.64 33954.53 33775.43
NYSE Amer UP ... 4,859 5,807 3,881 35,116
Industrials 11:00
11:30
…
…
33989.27
33982.26
34034.05
34066.04
33884.27
33900.57
33752.78
33746.42
NYSE Amer Off
NASD Up
... 6,122 2,977 5,220 135,014
... 2,190,294 2,143,955 2,178,861 2,162,331
35200 12:00 … 33988.56 34038.48 33920.96 33789.26 NASD Off ... 3,013,952 2,977,729 2,272,572 5,491,249
12:30 … 34062.20 34077.73 33911.99 33809.47 NYSE Arca UP ... 68,229 101,828 71,745 62,037
Week's
Components Change 1:00 … 34125.77 34024.39 33910.98 33808.70 NYSE Arca Off ... 215,586 155,909 167,127 195,475
1:30 … 34137.24 34016.44 33881.54 33812.21 % (QCHA) –.51 +.04 –.29 –.76
3M -3.82 2:00 … 34091.11 34041.14 33930.59 33800.24 % (QACH) +1.05 +.42 –.71 –.70
American Express -4.14 34600 2:30 … 34132.27 34077.80 33948.10 33764.05 % (QCHAQ) –.13 –.30 –.23 –.70
Amgen -2.55 3:00 … 34105.41 34060.46 33967.66 33688.24 Market Advance/Decline Totals
Apple 1.76 3:30 … 34082.60 33997.09 33906.81 33720.09 NYSE NYSE
Boeing -14.58 Close … 34053.87 33951.52 33946.71 33727.43 Weekly Comp. NYSE Amer Nasdaq Arca
Caterpillar -10.83 34000 High (t) … 34410.20 34280.96 34163.25 33965.43 Total Issues 3,152 343 4,972 1,982
Chevron -5.91 Low (t) … 33772.94 33662.15 33648.81 33505.00 Advances 920 109 1,554 310
Cisco Systems -1.74 Declines 2,168 224 3,302 1,639
High (a) … 34206.66 34097.93 34003.56 33835.66
Coca-Cola -0.47 Unchanged 64 10 116 33
Low (a) … 33915.93 33876.17 33835.39 33646.49 New Highs 153 9 216 48
Disney -3.22 Change … –245.25 –102.35 –4.81 –219.28
Dow -1.80 33400 New Lows 80 27 295 36
Goldman Sachs -23.60 Week ended last Friday compared to previous Friday
Theoretical (t): High 34410.20 Low 33505.00
Home Depot 0.43 Actual (a): High 34206.66 Low 33646.49 NYSE Composite Daily Breadth
Honeywell International -2.88 Daily Jun 19 20 21 22 23
IBM -8.05 32800 Issues Traded ... 3,077 3,072 3,033 3,025
Intel -3.37 Dow Jones 20 Transport (divisor: 0.16343894576034) Advances ... 954 1,508 982 909
Johnson & Johnson 1.25 Open (t) … 14784.30 14599.15 14705.74 14648.96 Declines ... 2,025 1,418 1,947 2,024
JPMorgan Chase -4.41 Open (a) … 14835.51 14674.10 14716.44 14685.30 Unchanged ... 98 146 104 92
McDonald's -3.79 New Highs ... 69 92 50 52
Merck 5.28 32200 10:00 … 14820.67 14707.18 14729.40 14695.64
New Lows ... 19 29 37 47
10:30 … 14790.87 14730.91 14807.88 14702.19
Microsoft -7.31 Blocks - primary ... 4,355 4,080 4,232 4,603
11:00 … 14724.18 14669.40 14831.27 14745.51
Nike Cl B -4.07 Total (000) - primary ... 1,024,248 926,381 837,016 2,603,730
11:30 … 14702.73 14713.33 14806.26 14732.60 Total (000) ... 4,055,797 3,709,332 3,511,003 6,053,627
Procter & Gamble -1.08
12:00 … 14682.89 14754.84 14819.62 14735.55
Salesforce -1.67 31600 12:30 … 14680.25 14744.09 14794.10 14734.31
NYSE American Composite
Travelers -3.03 Daily Jun 19 20 21 22 23
1:00 … 14730.23 14745.67 14807.29 14745.68
UnitedHealth Group 18.51
1:30 … 14738.09 14706.62 14805.61 14748.99 Issues Traded ... 314 314 318 315
Verizon Communications -0.95 Advances ... 117 146 116 116
2:00 … 14756.68 14722.78 14810.51 14761.06
Visa Cl A 0.64 Declines ... 185 141 177 186
Walgreens Boots Alliance -1.27 31000 2:30 … 14755.80 14728.99 14789.17 14714.42
Unchanged ... 12 27 25 13
Walmart -0.07 January February March April May June 3:00 … 14751.61 14749.05 14805.53 14672.08
New Highs ... 1 2 3 2
3:30 … 14747.23 14720.70 14809.38 14662.13 New Lows ... 11 9 15 13
Close … 14735.47 14739.08 14797.82 14687.87 Blocks - primary ... 153 141 149 168
High (t) … 14911.47 14894.52 14911.99 14831.53 Total (000) - primary ... 11,062 9,233 9,487 170,200
Transportation Low (t)
High (a)
… 14601.78 14524.02 14620.81
… 14845.07 14784.16 14863.04
14574.74
14770.71
Total (000)
Nasdaq
... 180,909 125,072 146,435 349,013

15975 Low (a) … 14668.29 14596.41 14671.78 14632.07

Daily Jun 19 20 21 22 23
Week's Change … –57.39 +3.61 +58.74 –109.95
Components Change Issues Traded ... 4,627 4,585 4,567 4,557
15650 Theoretical (t): High 14911.99 Low 14524.02 Advances ... 1,700 1,809 1,669 1,447
Alaska Air Group -1.17 Actual (a): High 14863.04 Low 14596.41 Declines ... 2,770 2,571 2,698 2,932
American Airlines Group -0.22 Unchanged ... 157 205 200 178
Avis Budget Group 19.52
15325 New Highs ... 91 92 67 49
CH Robinson Worldwide -4.17 Dow Jones 15 Utilities (divisor: 1.27924906167720) New Lows ... 100 132 125 153
Blocks - primary ... 36,443 36,368 29,080 33,058
CSX -0.47 15000 Open (t) … 922.75 913.50 926.65 919.70 Total (000) ... 5,237,719 5,194,644 4,499,554 7,734,506
Delta Air 0.07
Open (a) … 924.16 913.79 925.85 918.84
Expeditors Intl of Wash -4.38 NYSE Arca Composite
FedEx -1.12 14675 10:00 … 915.94 907.93 920.62 921.52
Daily Jun 19 20 21 22 23
10:30 … 918.97 912.10 918.62 917.99
JB Hunt Transport -1.50 Issues Traded ... 1,763 1,769 1,734 1,748
11:00 … 921.06 915.90 917.22 917.16
JetBlue Airways -0.12 14350 11:30 … 923.55 920.46 916.23 914.53 Advances ... 402 670 502 349
Kirby Corp -1.70 Declines ... 1,348 1,059 1,217 1,387
Landstar System -1.99 12:00 … 923.06 921.51 914.89 912.06
Unchanged ... 13 40 15 12
Matson 0.54 14025 12:30 … 921.19 923.36 916.46 909.54 New Highs ... 14 18 3 8
Norfolk Southern -6.14 1:00 … 921.65 923.44 916.34 907.92 New Lows ... 8 11 8 15
Old Dominion Freight 1.17 1:30 … 922.52 922.57 915.69 905.56 Blocks - primary ... 1,208 1,210 1,105 1,159
13700 2:00 … 921.52 921.89 916.07 907.08 Total (000) - primary ... 285,173 259,022 239,581 259,284
Ryder System -0.24
Southwest Airlines -0.32 2:30 … 922.25 922.13 915.96 906.21 Total (000) ... 1,461,033 1,400,587 1,262,499 1,356,843
13375 3:00 … 920.64 922.53 916.74 903.76
Union Pacific
United Airlines
-4.78
-0.85 3:30
Close
…
…
920.22
916.26
921.32
923.91
916.13
917.06
903.02
902.46
Other Market Indexes
United Parcel Service B -9.29
13050 High (t) … 927.11 925.59 928.04 922.89
Daily 6/19 6/20 6/21 6/22 6/23

January February March April May June Low (t) … 911.93 904.66 912.54 900.49 NYSE Amer Comp ... 4083.78 4125.89 4077.84 4038.65
High (a) … 925.21 924.76 927.78 922.15 AmMajorMkt ... 3137.99 3134.19 3129.51 3112.44

Utilities Low (a)

Change
…
…
913.36
–8.66
904.32
+7.65
913.58
–6.85
901.49
–14.60
BNY ADR Idx
Europe
...
...
155.06 154.71
149.83 149.68
154.44
149.12
152.30
147.54
1040 Latin Am ... 209.08 211.62 208.86 206.43
Theoretical (t): High 928.04 Low 900.49 Asia ... 178.41 177.25 177.91 174.44
Week's
Change Actual (a): High 927.78 Low 901.49 Emerg M ... 299.83 297.75 298.32 293.75
Components
DJ US TSM Float ... 43795.76 43564.38 43672.10 43304.80
AES -0.91 Nasdaq Cmp ... 13667.29 13502.20 13630.61 13492.52
American Elec Power -1.44 1000 Dow Jones 65 Composite (divisor: 0.77130165331605)
100 Index ... 15070.15 14867.45 15042.32 14891.48
American Water Works -3.22 Indus. ... 9084.45 8991.15 9094.78 8980.14
Open (t) … 11371.30 11291.89 11320.29 11268.06 Insur. ... 11424.12 11430.74 11446.51 11358.24
Atmos Energy -2.58
Open (a) … 11405.43 11311.51 11322.76 11291.78 Banks ... 3086.34 3045.44 2965.70 2937.74
Consolidated Edison -2.23
10:00 … 11368.83 11313.23 11325.15 11285.44 Computer ... 11507.31 11331.09 11468.94 11366.05
Dominion Energy -1.51
Duke Energy -2.46 960 10:30 … 11316.81 11318.28 11345.47 11289.46 Telecom ... 389.15 386.98 387.94 383.39
11:00 … 11342.53 11336.50 11322.96 11284.16 NYSE Comp.-z ... 15648.92 15657.00 15600.70 15469.35
Edison International -2.42
11:30 … 11322.98 11350.69 11328.30 11274.50 Financial-z ... 8761.53 8749.69 8675.14 8603.79
Exelon -1.34 Health Care-z ... 23107.79 23133.43 23251.31 23204.83
FirstEnergy -0.58 12:00 … 11335.71 11347.78 11326.05 11281.08
Energy-z ... 12225.91 12366.21 12187.51 12035.52
12:30 … 11345.11 11363.17 11329.05 11283.70
NextEra Energy -1.42 920 1:00 … 11369.91 11339.66 11329.59 11283.51
Russell 1000 ... 2402.29 2389.32 2396.83 2377.85
Public Svc Enterprise -1.04 2000 ... 1866.70 1863.02 1848.18 1821.63
Sempra -4.45 1:30 … 11369.81 11337.14 11322.12 11281.45 3000 ... 2518.54 2505.42 2511.76 2490.98
Southern -1.31 2:00 … 11359.65 11345.96 11329.93 11282.21 Value-v ... 1531.18 1528.69 1523.29 1512.75
Xcel Energy -1.82 2:30 … 11370.88 11360.81 11336.03 11259.71 Growth-v ... 2734.78 2711.10 2735.39 2711.37
880 3:00 … 11361.63 11353.58 11339.62 11230.90 MidCap ... 2856.07 2851.02 2837.46 2810.91
3:30 … 11352.59 11334.90 11319.92 11236.21 S&P 100 Index ... 2053.87 2037.81 2051.18 2035.84
Close … 11341.08 11334.39 11334.53 11243.88 500 ... 4388.71 4365.69 4381.89 4348.33
High (t) … 11466.45 11434.92 11419.53 11355.02 Ind. ... 6294.73 6255.09 6295.32 6246.35
Low (t) … 11250.29 11199.96 11230.91 11172.87 MidCap ... 2561.26 2558.21 2544.07 2514.94
840 High (a) … 11405.43 11368.60 11354.50 11299.47 SmallCap ... 1199.60 1197.96 1185.83 1166.32
January February March April May June Low (a) … 11311.90 11279.24 11299.51 11221.52 Value Line(A) ... 9200.37 9184.31 9134.70 9027.65
Value Line(G) ... 562.13 561.05 557.95 551.32
Note: Theoretical highs and lows are shown. A red chart indicates a lower price than the starting period. Green means it's higher than the starting period. Change … –74.75 –6.69 +.14 –90.65
DJ US Small TSM ... 12812.82 12781.07 12691.92 12513.31
Theoretical (t): High 11466.45 Low 11172.87 (A)-Arithmetic Index. (G)-Geometric Index.
Actual (a): High 11405.43 Low 11221.52 (v)-Value 1000 and Growth 1000. (y)-Dec. 31,1965=50. (z)-Dec. 31,2002=5000.
58 BARRON’S June 26, 2023

D ATA MARKET LABORATORY B A R R ON S .C OM / 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. 12/30 % 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) 5,391,374 6,865,330 6,760,284 -20.25
Dow Jones Indexes series, please refer to www.spglobal.com. DJ latest available book 30 Dow Inds (b) 1,332,108 1,947,107 1,558,460 -14.52
34589.77 28725.51 30 Indus 34053.87 33727.43 33727.43 –571.69 –1.67 2226.75 7.07 580.18 1.75 values for FY 2021 and 2020, and S&P latest for 2022 and 2021. r- 20 Dow Trans (b) 372,548 493,959 486,445 -23.41
15640.70 11999.40 20 Transp 14797.82 14687.87 14687.87 –104.99 –0.71 1139.57 8.41 1295.96 9.68 Revised data 15 Dow Utils (b) 209,207 311,943 229,883 -8.99
1061.77 838.99 15 Utilities 923.91 902.46 902.46 –22.46 –2.43 –51.17 –5.37 –64.94 –6.71 65 Dow Stks (b) 1,913,863 2,753,009 2,274,788 -15.87
NYSE American (a) 199,981 124,057 203,829 -1.89
11689.14 9679.49 65 Comp 11341.08 11243.88 11243.88 –171.95 –1.51 594.65 5.58 281.05 2.56 Last Week Prev. Week Last Year Nasdaq(d) 22,666,423 29,761,414 25,261,857 -10.27
Dow Jones Indexes
44194.00 36056.21 US TSM Float 43795.76 43304.81 43304.81 –711.03 –1.62 3989.35 10.15 4784.21 12.42 DJ Ind Avg 33727.43 34299.12 31500.68 NYSE 15 Most Active
1079.81 876.95 US Market 1070.22 1059.07 1059.07 –16.58 –1.54 101.03 10.55 121.24 12.93 P/E Ratio 21.99 22.36 18.08 Average Price 12.95 23.97 17.04 -24.00
Earns Yield % 4.55 4.47 5.53 % Tot Vol 14.96 15.11 13.96 7.16
749.88 528.30 Internet 740.62 725.98 727.52 –14.19 –1.91 97.51 15.48 166.79 29.75 Stock Offerings $(z,v) 123,700 r2,295,000 290,500 -57.42
New York Stock Exchange Earns $ 1533.93 1533.93 1742.22
Divs Yield % 2.11 2.08 2.10
16122.58 13472.18 Comp-z 15657.00 15469.35 15469.35 –325.77 –2.06 657.80 4.44 285.04 1.88 Daily Stock Volume 6/19 6/20 6/21 6/22 6/23
Divs $ 712.65 712.65 660.20
9504.73 7655.99 Financial-z 8761.53 8603.79 8603.79 –234.78 –2.66 49.77 0.58 –64.99 –0.75 NYSE(a) ... 1,024,248 926,381 837,016 2,603,730
Mkt to Book 4.53 4.61 4.81
23941.25 20936.55 Health Care-z 23251.31 23107.79 23204.83 77.20 0.33 430.77 1.89 –235.00 –1.00 30 Inds (b) ... 344,616.7 326,237.3 278,546.4 382,708.0
Book Value $ 7439.45 7439.45 6543.35 20 Trans (b) ... 79,362.8 78,538.4 60,199.5 154,447.6
13795.63 10452.57 Energy-z 12366.21 12035.52 12035.52 –391.80 –3.15 871.81 7.81 –1016.37 –7.79
DJ Trans Avg 14687.87 14792.86 13548.30 15 Utils (b) ... 47,924.2 44,460.2 49,144.3 67,677.8
NYSE American Stock Exchange
P/E Ratio 11.70 12.01 13.88 65 Stks (b) ... 471,903.8 449,235.9 387,890.2 604,833.5
4688.00 3582.25 NYSE Amer Comp 4125.89 4038.65 4038.65 –68.19 –1.66 200.38 5.22 –96.69 –2.34 Earns Yield % 8.55 8.32 7.21 NYSE Amer(a) ... 11,062 9,233 9,487 170,200
3184.96 2510.61 Major Mkt 3137.99 3112.44 3112.44 -65.55 –2.06 334.07 12.02 174.41 5.94 Earns $ 1255.21 1231.22 976.39 Nasd(d) .... 5,237,719 5,194,644 4,499,554 7,734,506
Standard & Poor's Indexes Divs Yield % 1.39 1.38 1.29 NYSE 15 Most Active
2069.78 1615.09 100 Index 2053.87 2035.84 2035.84 –24.17 –1.17 246.64 13.79 326.67 19.11 Divs $ 204.60 204.60 174.90 Avg. Price .... 19.22 15.40 13.22 10.40
4425.84 3577.03 500 Index 4388.71 4348.33 4348.33 –61.26 –1.39 436.59 11.16 508.83 13.25 Mkt to Book 4.57 4.60 4.58 % Tot Vol .... 15.46 16.48 16.79 16.37
6345.98 4996.32 Indus 6295.32 6246.35 6246.35 –72.70 –1.15 791.32 14.51 934.04 17.58 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.
2726.61 2203.53 MidCap 2561.26 2514.94 2514.94 –65.13 –2.52 180.54 7.73 84.56 3.48 DJ Utility Avg 902.46 924.92 953.63 (r) Revised. (v) W/E Thursday. (z) Source: Refinitiv.
1315.82 1064.45 SmallCap 1199.60 1166.32 1166.32 –38.48 –3.19 14.00 1.21 8.79 0.76 P/E Ratio 21.87 22.41 27.55
Nasdaq Stock Market Earns Yield % 4.57 4.46 3.63
13782.82 10213.29 Comp 13667.29 13492.52 13492.52 –197.06 –1.44 1884.90 16.24 3026.03 28.91 Earns $ 41.27 41.27 34.62
15185.48 10679.34
9741.81 7178.71
100 Index
Indus
15070.15
9094.78
14867.45
8980.14
14891.48
8980.14
–192.44
–68.29
–1.28
–0.75
2785.63
668.41
23.01
8.04
3951.72
1632.47
36.12
22.22
Divs Yield %
Divs $
3.34
30.17
3.26
30.17
3.03
28.87
NYSE HALF-HOURLY VOLUME
12643.69 9747.36 Insur 11446.51 11358.24 11358.24 –201.11 –1.74 1016.89 9.83 –283.65 –2.44 Mkt to Book 2.07 2.12 2.43 Daily 6/19 6/20 6/21 6/22 6/23
4613.89 2658.90 Banks 3086.34 2937.74 2937.74 –190.96 –6.10 –1140.14 –27.96 –1107.21 –27.37 Book Value $ 435.47 435.47 392.45
11649.81 7416.59 Computer 11507.31 11331.09 11366.05 –176.91 –1.53 2412.39 26.94 3559.09 45.59 S&P 500 Index 4348.33 4409.59 3911.74 9:30-10:00 ... 115,981 86,181 91,409 89,494
416.94 329.24 Telecom 389.15 383.39 383.39 –9.62 –2.45 –12.62 –3.19 11.93 3.21 P/E Ratio 25.17 25.53 19.77 10:00-10:30 ... 46,462 39,564 37,067 36,425
Russell Indexes Earns Yield % 3.97 3.92 5.06 10:30-11:00 ... 40,544 36,990 32,457 32,692
2423.97 1969.25 1000 2402.29 2377.85 2377.85 –36.75 –1.52 228.14 10.61 271.95 12.91 Earns $ 172.75 172.75 197.87
11:00-11:30 ... 31,134 35,737 30,317 30,746
2021.35 1655.88 2000 1866.70 1821.63 1821.63 –53.83 –2.87 55.90 3.17 60.39 3.43 Divs Yield % 1.61 1.58 1.68
Divs $ 70.01 69.67 65.72 11:30-12:00 ... 28,053 27,622 26,551 25,788
2541.70 2076.07 3000 2518.54 2490.98 2490.98 –40.41 –1.60 230.21 10.18 273.84 12.35
1592.73 1339.62 Value-v 1531.18 1512.75 1512.75 –31.53 –2.04 49.24 3.36 15.64 1.04 Mkt to Book 4.24 4.30 3.88 12:00-12:30 ... 27,722 22,874 23,154 22,869
2757.15 2082.30 Growth-v 2735.39 2711.10 2711.37 –29.31 –1.07 408.42 17.73 553.18 25.63 Book Value $ 1024.56 1024.56 1008.02 12:30-1:00 ... 23,771 23,388 21,088 20,494
3001.83 2481.47 MidCap 2856.07 2810.91 2810.91 –70.59 –2.45 136.42 5.10 110.24 4.08 S&P Ind Index 6246.35 6319.05 5455.03
1:00-1:30 ... 23,099 21,494 22,330 21,425
Others P/E Ratio 26.90 27.22 22.70
Earns Yield % 3.72 3.67 4.40 1:30-2:00 ... 21,726 20,811 19,863 20,287
9697.62 7679.59 Value Line-a 9274.15 9027.65 9027.65 –246.50 –2.66 706.85 8.49 497.62 5.83
Earns $ 232.18 232.18 240.29 2:00-2:30 ... 24,464 22,940 22,248 28,500
606.49 491.56 Value Line-g 566.74 551.32 551.32 –15.42 –2.72 8.88 1.64 14.97 2.79
13782.03 11195.10 DJ US Small TSM 12812.82 12513.31 12513.31 –373.51 –2.90 508.85 4.24 462.20 3.84 Divs Yield % 1.42 1.41 1.51 2:30-3:00 ... 24,988 22,715 23,394 30,661
936.63 760.10 Barron's Future Focus 928.14 914.61 914.61 –19.40 –2.08 80.51 9.65 102.44 12.61 Divs $ 88.70 89.10 82.37 3:00-3:30 ... 30,491 29,585 30,340 35,947
Mkt to Book 5.70 5.77 5.23
1023.20 825.73 Barron's 400 959.63 943.95 943.95 –21.62 –2.24 59.12 6.68 23.56 2.56 3:30-4:00 ... 585,812 536,480 456,797 2,208,402
Book Value $ 1095.83 1095.83 1042.07
High/Low's are based upon the daily closing index. a-Arithmetic Index. G-Geometric Index. V-Value 1000 and Growth 1000 y-Dec. 31,1965=50 z-Dec. 31,2002=5000

U.S. Dollar Index vs Euro and Yen Selected IPOs

Per Share Values of Stocks Ticker Initial Offer Price IPO Date Recent Price %Chg
Big Bucks: Fed Chair Powell told Congress that the central bank may yet raise rates a couple of more
times in its inflation fight. He said the dollar must remain the world’s dominant currency. Measuring the In the Dow Jones Averages None

dollar against six other currencies, the ICE U.S. Dollar Index edged up 0.6% on the week. This is a list of the Dow Jones trailing 52-week diluted share
earnings, dividends and book values as reported by the company.
10 Bolded numbers indicate new values. Sources Barron's Stats and
FactSet.
Industrial Stocks
s
5
Book Book
Investor Sentiment Readings New Listings
Earns Divs. Value Earns Divs. Value
DXY (102.87) NYSE
Am Exp 9.51 2.16 29.14 Johnson&John 4.78 4.58 28.16 High bullish readings in the Consensus stock index or in the Market
Vane stock index usually are signs of Market tops; low ones, market None
Amgen 14.71 8.14 12.00 JPMorgChase 13.55 4.00 88.07 bottoms.
Apple 5.89 0.93 3.84 McDonalds 9.44 5.94 (6.17) NYSE American
0 Boeing (6.92) Nil (25.47) Merck Co 5.12 2.88 15.11
Last Week 2 Weeks Ago 3 Weeks Ago

Caterpillar 13.53 4.80 30.76 Microsoft 9.23 2.66 22.31 Consensus Index None
Chevron Corp 18.52 5.86 72.06 Nike Inc 3.47 1.325 9.73 Nasdaq
s Cisco Sys 2.78 1.53 9.79 Proc Gam 5.11 3.6806 19.11 Consensus Bullish Sentiment 59% 56% 51%
-5 Coca Cola 2.28 1.80 5.32 3M Co 9.65 5.98 26.31 None
s YEN in $ Disney Walt 1.82 Nil 48.71 Salesforce.com 0.38 0.00 58.78 AAII Index
EURO in $ Dow
Goldman Sachs
4.00 2.80 24.71
28.09 10.00 297.50
Travelers Cos 11.73
UnitedHealthGrp 21.87
3.79 119.76
6.83 76.26 Bullish 42.9% 45.2% 44.5% Trading
Home Depot 16.41 7.98 (1.64) Verizon 5.14 2.5975 19.48

J A S O N D J F M A M J
-10
Honeywell
IBM
7.70 4.07 27.12
7.15 6.61 21.05
Visa
Walgreens (3.65)
7.54 1.725 16.32
1.98 27.06
Bearish
Neutral
27.8
29.4
22.7
32.1
24.3
31.2
Suspended
NYSE
Intel (0.68) 1.22 23.44 Wal-mart 4.16 2.26 30.15
Source: Tullett Prebon Market Vane None
Transportation Stocks NYSE American
Bullish Consensus 47% 47% 44% None
AlaskaAirGroup 0.46 Nil 30.19 Kirby Corp 2.42 Nil 48.02 Nasdaq
TIM Group Market Sentiment
Coming U.S. Auctions 144 Filings AmericanAirlines 2.53
AvisBudgetGrp 55.20
Nil (11.33)
Nil (3.93)
Landstar Sys
Matson Inc
10.58
19.42
1.20 22.87
1.24 40.67 Indicator 37.7% 44.9% 42.6%
HV Bancorp (HVBC)
Oncorus (ONCR)
C.H. Robinson 6.21 2.33 15.65 Norf Southern 13.01 5.18 56.80 Prometheus Biosci (RXDX)
SEC Form 144 must be filed by holders of restricted securities (also called letter stock) who intend to Sources: Consensus Inc.; American Association of Ranger Oil (ROCC)
Yields (%) CSX Corp 2.03 0.42 6.13 Old Dominion 12.16 1.40 32.00
sell shares. Shares Indicated: the number to be sold. Sales Date: the approximate date of the sale.
(Sometimes shares aren't sold, even though their owner has filed a Form144.) Source: Thomson Delta Air Lines 2.95 Nil 6.07 Ryder Sys 16.65 2.48 52.02 Individual Investors; Market Vane; TIM Group
Monday

$65.0 bil 3-month

When Issued*

5.294
Last Auction

5.130
Reuters Expeditors Int'l 7.64
FedEx 15.50
1.36 20.90
4.71 95.98
Southwest Air
Un Pacific
1.00
11.32
Nil 17.59
5.20 22.17
Name
$58.0 bil 6-month 5.410 5.170 Company Sym
Shares
Indicated $ Value
Sale
Date Seller Title
Hunt (JB) 8.80 1.64 29.67 UPS 12.36 6.28 16.38
Changes
$42.0 bil 2-year 4.750 4.300
Vertex VERX 1,997,500 40,289,575 6/20/23 Westphal, Jeffery B
JetBlue Air (0.91) Nil 12.03 United Airlines 5.82 Nil 15.53
Arms Index NYSE
The Arms index, also known as the short term trading index, Enviri (NVRI), formerly Harsco
Tuesday Ziprecruiter ZIP 611,501 10,016,386 6/16/23 Travers, David P Utility Stocks (HSC)
is a number derived by dividing one quotient into another
Repay RPAY 600,000 4,557,261 6/15/23 Alias, Shaler D quotient. The numerator in the index is the number of Moatable (MTBL), formerly
$43.0 bil 5-year 3.993 3.749 AES Corp. (0.29) 0.6478 2.96 Exelon 2.25 1.395 35.13 advancing stocks divided by the number of declining stocks. Renren (RENN)
Dropbox DBX 515,226 12,818,823 6/14/23 Houston, Andrew H As of 3/14/11, the denominator in the index is now the
Am Elec 3.87 3.27 44.49 FirstEnergy 0.57 1.56 15.21 composite volume of advancing stocks divided by the NYSE American
Wednesday Oracle ORCL 354,837 43,783,045 6/20/23 Screven, Edward O composite volume of declining stocks.
AmericanWaterWorks 4.55 2.6725 40.18 NextEra Energy 3.36 1.785 18.95 None
Asana ASAN 300,000 7,485,000 6/15/23 Rosenstein, Justin DO Atmos Energy 5.82 2.90 59.71 Xcel Energy 3.23 2.015 28.70 Daily 6/19 6/20 6/21 6/22 6/23 Nasdaq
$35.0 bil 7-year 3.878 3.827 Toast TOST 257,733 5,830,571 6/15/23 Fredette, Stephen OD Con Ed 7.04 3.20 56.60 Pub Sv Ent 4.64 2.22 28.65
Drilling Tools International
Oracle ORCL 220,740 27,904,984 6/16/23 Screven, Edward O DominionEnergy 1.43 2.67 31.51 Sempra Energy 7.76 4.625 79.17 (DTI), formerly ROC Energy
* As of Friday afternoon. NYSE ... 1.42 1.54 1.23 1.81
Duke Energy 3.25 4.02 61.55 Southn Co. 3.11 2.74 25.36 Acquisition (ROC)
Sei Investments SEIC 213,000 12,556,350 6/20/23 West, Alfred AF NYSE American ... .43 .55 .57 1.54
Edison Int'l 2.20 2.875 36.57 GDEV (GDEV), formerly
Ss&C Technologies SSNC 200,000 12,005,020 6/16/23 Pedonti, Patrick O Nasdaq ... .84 .98 .65 1.25 Nexters
June 26, 2023 BARRON’S 59

D ATA MARKET LABORATORY B A R R ON S .C OM / 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 .0040 .0040 252.9438 249.2105
S&P 100 of 125:100 are considered bullish, for instance. Bearish Australia (Dollar) .6681 .6875 1.4968 1.4545
Home Construction DJUSHB 1884.62 + 54.51 551.24 +2.98 [1] +72.88 [1] +41.34 [9] +26.96 1,884.62 1,069.89 signals flash when the equity put-call level reaches the vicinity of Bahrain (Dinar) 2.6529 2.6532 .3769 .3769
Health Care Providers DJUSHP 2967.89 + 73.74 –329.56 +2.55 [2] –2.82 [114] –9.99 [127] +11.45 3,421.91 2,879.06 30:100 and the index ratio hits 75:100. Brazil (Real) .2089 .2074 4.7871 4.8221
Broadline Retailers DJUSRB 2743.47 + 63.57 789.36 +2.37 [3] +15.14 [55] +40.40 [10] –.44 3,002.82 1,913.05 Bulgaria (Lev) .5569 .5593 1.7956 1.7880
General Retailers DJUSGT 2093.80 + 26.53 372.44 +1.28 [4] +18.85 [42] +21.64 [18] +3.02 2,160.21 1,666.45 S&P 100 CBOE Canada (Dollar) .7585 .7573 1.3183 1.3204
Retail DJUSRT 1893.42 + 20.96 313.70 +1.12 [5] +17.35 [47] +19.86 [21] +4.32 1,956.55 1,548.71 Chile (Peso) .001244 .001260 803.55 793.58
China (Renminbi) .1393 .1403 7.1799 7.1263
Bldg Materials & Fixtures DJUSBD 1600.33 + 15.87 237.70 +1.00 [6] +30.62 [20] +17.44 [22] +19.10 1,606.34 1,206.46 13.25 1.55 Colombia (Peso) .0002413 .0002404 4144.55 4160.00
Steel DJUSST 528.53 + 4.92 55.35 +.94 [7] +42.34 [7] +11.70 [33] +42.82 632.49 364.57 Czech. Rep. (Koruna) …… .. …… .. …… .. …… ..
Medical Supplies DJUSMS 1461.39 + 12.53 207.99 +.86 [8] +23.93 [33] +16.59 [24] +15.53 1,472.11 1,121.27 Commercial rate .04604 .04602 21.722 21.730
Construction & Materials DJUSCN 1282.13 + 10.10 182.91 +.79 [9] +32.69 [17] +16.64 [23] +21.64 1,290.53 972.09 Denmark (Krone) .1463 .1469 6.8355 6.8082
Insurance Brokers DJUSIB 636.37 + 4.92 48.56 +.78 [10] +20.97 [38] +8.26 [47] +17.79 636.83 515.90 10.65 1.35 EcuadorUS Dollar 1.0000 1.0000 1.0000 1.0000
Computer Hardware DJUSCR 9218.17 + 67.58 2,716.02 +.74 [11] +32.92 [15] +41.77 [8] +26.26 9,237.48 6,275.02 Egypt (Pound)-y .0324 .0324 30.8964 30.9024
Health Care Equip & Svcs DJUSMC 2258.99 + 15.31 –13.25 +.68 [12] +6.06 [88] –.58 [88] +10.05 2,357.31 2,067.68 Hong Kong (Dollar) .1277 .1279 7.8302 7.8203
Pharmaceuticals DJUSPR 822.93 + 5.38 –17.86 +.66 [13] +.91 [103] –2.12 [96] +11.79 862.09 737.75 Hungary (Forint) .002944 .002929 339.67 341.42
Apparel Retailers DJUSRA 1132.64 + 7.13 –45.75 +.63 [14] +32.80 [16] –3.88 [107] +10.79 1,246.78 814.48
8.05 1.15 Iceland (Krona) .007315 .007325 136.70 136.52
India (Rupee) .01220 .01220 81.958 81.943
Tobacco DJUSTB 691.00 + 3.13 –35.60 +.46 [15] –2.78 [113] –4.90 [111] +7.39 756.29 611.73
Indonesia (Rupiah) .0000665 .0000668 15045 14970
Real Estate Services DJUSES 244.15 + .87 22.16 +.36 [16] +19.23 [40] +9.98 [40] +4.08 253.64 201.93 Israel (Shekel) .2757 .2811 3.6277 3.5575
Real Estate Investmt & Svcs DJUSRH 515.99 + 1.59 45.06 +.31 [17] +19.18 [41] +9.57 [42] +4.32 538.25 425.59 5.45 0.95 Japan (Yen) .006958 .007049 143.73 141.87
Industrial Suppliers DJUSDS 612.54 + 1.45 114.78 +.24 [18] +34.56 [12] +23.06 [16] +19.68 618.94 442.88 Kazakhstan (Tenge) .002230 .002231 448.45 448.16
Food Retailers & Whlslrs DJUSFD 827.05 + .34 77.40 +.04 [19] +6.43 [86] +10.32 [38] +18.08 892.26 737.24 Kuwait (Dinar) 3.2521 3.2602 .3075 .3067
Food & Drug Retailers DJUSDR 1057.96 + .26 87.90 +.02 [20] +8.15 [79] +9.06 [44] +15.75 1,105.85 931.85 Macau (Pataca) .1239 .1240 8.0690 8.0640
2.85 0.75 Malaysia (Ringgit)-b .2138 .2167 4.6765 4.6145
Net Change % Change and Ranking 52 Week Mexico (Peso) …… .. …… .. …… .. …… ..
Floating rate .0582 .0585 17.1766 17.0866
Top 20 Yr Ago Ranked IG-Sym Close Wkly YTD Week Rank Yr Ago Rank YTD Rank 3 Yr High Low
New Zealand (Dollar) .6147 .6230 1.6268 1.6051
Home Construction DJUSHB 1884.62 + 54.51 551.24 +2.98 [1] +72.88 [1] +41.34 [9] +26.96 1,884.62 1,069.89 0.25 0.55 Norway (Krone) .0924 .0947 10.8256 10.5574
Recreational Svcs DJUSRQ 94.49 – .22 33.81 –.24 [29] +61.33 [2] +55.73 [4] +10.55 95.58 54.07 Oman (Rial) 2.5976 2.5977 .3850 .3850
J A S O N D J F M A M J Pakistan (Rupee) .00349 .00348 286.500 287.450
Semiconductor DJUSSC 9406.92 – 365.79 3,564.98 –3.74 [115] +55.16 [3] +61.02 [3] +26.15 9,909.00 4,942.75
Source: CBOE Philippines (Peso) .01793 .01795 55.765 55.709
Gambling DJUSCA 654.95 – 14.99 126.74 –2.24 [80] +51.44 [4] +23.99 [15] +1.19 705.13 434.04 Poland (Zloty) .2455 .2450 4.0729 4.0816
Travel & Tourism DJUSTT 743.58 – 7.31 220.78 –.97 [39] +46.56 [5] +42.23 [7] +8.46 753.52 468.89 Qatar (Rial) .2747 .2748 3.6404 3.6394
Heavy Construction DJUSHV 1058.56 – 3.33 117.63 –.31 [30] +44.63 [6] +12.50 [32] +39.37 1,081.47 730.93 Russia (Ruble)-a .01195 .01192 83.650 83.875
Steel
Technology Hardware & Equip
DJUSST
DJUSTQ
528.53
4616.24
+ 4.92
– 76.18
55.35
1,472.22
+.94
–1.62
[7]
[56]
+42.34
+40.77
[7]
[8]
+11.70
+46.83
[33]
[6]
+42.82
+24.61
632.49
4,720.30
364.57
2,996.31 Coming Earnings Saudi Arabia (Riyal)
Singapore (Dollar)
South Africa (Rand)
.2666
.7406
.0533
.2667
.7473
3.7508
1.3503
3.7501
1.3381
.0550 18.7451 18.1869
Transportation Svcs DJUSTS 315.53 – 6.22 63.69 –1.93 [66] +37.58 [9] +25.29 [13] +18.32 328.70 203.43
Industrial Machinery DJUSFE 987.78 – 16.20 118.52 –1.61 [55] +36.48 [10] +13.63 [29] +16.37 1,005.82 720.17 Day Consensus Year South Korea (Won) .0007641 .0007835 1308.81 1276.26
Industrial Engineering DJUSIQ 3218.17 – 58.50 189.68 –1.79 [61] +35.45 [11] +6.26 [57] +19.93 3,305.30 2,352.13 Estimate Ago Sri Lanka (Rupee) .0032 .0032 308.0300 309.7400
Sweden (Krona) .0933 .0939 10.7150 10.6540
Industrial Suppliers DJUSDS 612.54 + 1.45 114.78 +.24 [18] +34.56 [12] +23.06 [16] +19.68 618.94 442.88
Switzerland (Franc) 1.1150 1.1073 .8969 .9031
Commercial Vehicles DJUSHR 3616.46 – 72.55 –21.92 –1.97 [69] +34.34 [13] –.60 [89] +24.11 3,898.31 2,650.92 Taiwan (Dollar) .03225 .03263 31.004 30.650
Continued from page 11
Travel & Leisure DJUSCG 1395.67 – 23.27 237.96 –1.64 [57] +33.28 [14] +20.55 [19] +11.68 1,422.12 1,041.65 Thailand (Baht) .02838 .02883 35.240 34.690
Computer Hardware DJUSCR 9218.17 + 67.58 2,716.02 +.74 [11] +32.92 [15] +41.77 [8] +26.26 9,237.48 6,275.02 Turkey (New Lira)-d .0396 .0423 25.2375 23.6204
Apparel Retailers DJUSRA 1132.64 + 7.13 –45.75 +.63 [14] +32.80 [16] –3.88 [107] +10.79 1,246.78 814.48 W Ukraine (Hryvnia) .0271 .0271 36.9500 36.9500
Construction & Materials DJUSCN 1282.13 + 10.10 182.91 +.79 [9] +32.69 [17] +16.64 [23] +21.64 1,290.53 972.09 U.K. (Pound) 1.2714 1.2823 .7865 .7798
General Mills (Q4) 1.07 1.12
Industrial Metals & Mining DJUSIM 458.30 – 5.59 23.63 –1.21 [47] +32.49 [18] +5.44 [61] +45.75 547.77 323.28 Uruguay (Peso) …… .. …… .. …… .. …… ..
H.B. Fuller (Q2) 1.04 1.11 Financial .02647 .02631 37.782 38.005
Diversified Industrials DJUSID 584.90 – 8.45 58.64 –1.42 [53] +30.64 [19] +11.14 [35] +12.89 595.49 424.68
Micron Technology (Q3) -1.60 2.59 Euro 1.0895 1.0944 .9179 .9137
Bldg Materials & Fixtures DJUSBD 1600.33 + 15.87 237.70 +1.00 [6] +30.62 [20] +17.44 [22] +19.10 1,606.34 1,206.46
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 TH a-Russian Central Bank rate. b-government rate. d-rebased as of Jan. 1,
average. Volume figures do not reflect extended trading hours. 2005. y-floating rate.
Acuity Brands (Q3) 3.76 3.52
Greenbrier (Q3) 0.60 0.09
NIKE (Q4) 0.68 0.90 Money Rates
Paychex (Q4) 0.68 0.81
Delta Market Pulse of the Economy Rite Aid (Q1) -1.50 -0.60
Latest Week Prev. Week Yr Ago

Discount Rate (NY) 5.25 5.25 1.75

Sentiment Only includes new reports. Latest Latest Preceding Year YroYr Latest Latest Preceding Year YroYr F Prime Rate (base) 8.25 8.25 4.75
Date Data Period Ago % Chg Constellation Brands (Q1) 2.83 2.66
Indicator Economic Growth and Investment
No Activity for this Week
Date Data Period Ago % Chg
Inflation
(Earnings are diluted and report dates are tentative. All fore-
casts and historical numbers exclude extraordinary items by
Fed Funds Rate

Avg effective offer 5.09 5.09 1.59

The Delta MSI measures the accounting definitions.) Avg weekly auction-c 5.08 5.08 1.28
position of a representative set Production ECRI Industrial Price Index f June 23 112.61 113.08 148.74 –24.29 Source: FactSet
of stocks relative to an T-Bills Rate
intermediate-term moving
average crossover (MAC) point.
When greater than 50% of the
Electric power, (mil. kw hrs) (EEI)
Petroleum, related capacity, %
June 17 79,471
June 16 93.1
76,117 91,360 –13.01
93.7 94.0 –0.96
Employment

Initial jobless claims (thous.) June 17 264 r264 216 22.22

Conference Call Calendar 13 weeks, Coupon Yield
13 weeks, Auction Rate
5.284
5.130
5.305
5.150
1.700
1.670
stocks followed are above this Earnings- 26 weeks, Coupon Yield 5.397 5.381 2.453
Rotary rigs running, U.S. & Can., (Hughes) June 23 851 846 907 –6.17 Continuing claims (mil.) June 10 1.759 r1.772 1.350 30.30 Related
MAC point, the market is 26 weeks, Auction Rate 5.170 5.155 2.390
Company Date Time Period
bullish. When the indicator is Steel, (thous. tons) June 17 1,743 1,739 1,758 –0.85 Avg weekly auction-c 5.09 5.15 1.65
below 50%, risk is elevated and Construction
Broker Call Rate 7.00 7.00 3.50
stock exposures should be Steel, rated capacity, % (AISI) June 17 77.5 77.3 80.5 –3.73 Constellation Brands June 30 10:30AM Q1
reduced. Manager uses Building contracts, F.W. Dodge, (bil. $) May 1,114.88 r1,033.04 984.98 13.19 General Mills June 28 9:00AM Q4 Bankers Acceptances
discretion on asset allocation Consumption and Distribution Micron Technology June 28 4:30PM Q3
when MSI is at 50% +/- 3%. New housing permits, (thous. units) May 1,491 r1,417 1,708 –12.70
Paychex Inc June 29 9:30AM Q4 1 month 5.15 5.15 1.50
New housing starts, (thous. units) May 1,631 r1,340 1,543 5.70 2 months 5.28 5.28 1.70
Instinet Research Redbook Avg. (monthly %) June 17 –2.58 0.65 1.23 ….

Bullish
3 months 5.48 5.48 2.00
Source: CCBN, www.ccbn.com 6 months 5.60 5.60 2.75
Baltic Dry Index June 23 1,240 1,076 2,331 –46.80 Other Indicators

Citi Research Panic–Euphoria Reading June 23 –0.07 –0.18 –0.02 …. Libor Interbank Rate
Inventories
Current Sentiment
Domestic crude oil, (thous. bbls) Comm. (Excl. Lease Stck) June 16 463,293 467,124 418,328 10.75
Index of coincident indicators h
Index of lagging indicators h
May
May
110.2
118.4
r110.0
118.3
108.4
113.0 4.78
1.66
Barron’s 50-Stock Average 1 month
3 months
5.15
5.54
5.16
5.51
1.63
2.23

65.8%
Gasoline, (thous. bbls) June 16 221,402 220,923 218,963 1.11 This index is a weighted average of 50 leading issues. Useful in secu- 6 months 5.69 5.67 2.87
Index of leading indicators h May 106.7 107.5 118.0 –9.58 rity valuation. Source: Barron's Stats 12 months 5.93 5.88 3.54
Orders
Coincident to lagging ratio h May 0.93 0.93 0.96 –3.12
Jun 22 Jun 15 June Yr-to-Yr Foreign Prime Rates
No Activity for this Week a-1997 equals 100. b-1982-84 equals 100. c-1982 equals 100. f-1996 equals 100. h-
Last Week benchmark revision, 2016 equals 100. r-Revised. 2023 2023 2022 % Chg Canada 6.95 6.95 3.70
Trade
S&P 500 Index 4381.89 4425.84 3914.29 11.95 Germany 4.00 3.75 0.00

60.8%
Balance of payments (including services), (bil $) 1st Qtr –219.3 r–216.2 –283.9 –22.75 Japan 1.475 1.475 1.475
Barron’s 50 Index 11529.27 11646.29 10678 7.97 Switzerland 2.25 2.00 0.25
Projected quarterly earn 164.23 161.96 135.25 21.42 Britain 5.00 4.50 1.25
Annualized projected earn 656.90 647.85 541.01 21.42 Other Money Rates
2 Weeks ago Fannie Mae Home Loan:
Annualized projected P/E 17.55 17.98 19.74 –11.07
30-Year Fixed Conv 6.12 6.04 5.14
American Debt and Deficits Adjustable Mortgage Rates
51.2%
Five-year average earn 486.93 486.93 434.2 12.14 Bank money market-z 0.32 0.32 0.09
Interest Checking-z 0.06 0.06 0.04
Five-year average P/E 23.68 23.92 24.59 –3.72
Latest Preceding Year Ago Yr over Yr 6-Month Certif-z 1.38 1.38 0.25
Report Report Report % Chg Jun 23 Jun 16 Yr. Ago YOY % Chg Year-end earn 619.08 619.08 559.6 10.64 12-Month Certif-z 1.70 1.69 0.37
3 Weeks ago 30 Month Accounts-z 1.25 1.25 0.54
1,330FY'25 1,201FY'24 1,154FY'23 …. 1 Year Treas Bills 5.23 5.16 2.94 77.89 Year-end P/E 18.62 18.81 19.08 –2.41
Federal Budget Deficit (bil. $)-a 5-Year Certificates-z 1.22 1.21 0.59
Budget Surplus/Deficit (bil. $)-b, May –240.35 +176.18 –66.22 262.96 2 Year Treas Notes 4.66 4.53 3.27 42.51
Current Market Exposure: Year-end earns yield, % 5.37 5.32 5.2 2.28
Trade Deficit (bil. $, sa)-c, April –74.60 r-60.59 –86.02 -13.28 3 Year Treas Notes 4.28 4.17 3.44 24.42 U.S. Savings EE Bonds:
100% Equities, 0% Bonds, 0% Treasury Gross Public Debt. (bil. $)-d 32,095.7 31,954.4 30,438.4 5.44 5 Year Treas Notes 3.97 3.88 3.45 15.07 Best grade bond yields, % 4.63 4.54 3.7 24.63
Cash Treasury Statutory Debt Limit (bil. $)-d * 31,381.5 …. …. Long-Term (5yrs+) 2.50 2.50 0.10
Consumer Installment Debt (bil. $)-e, April 4,859.9 r4,836.9 4,565.6 6.45 10 Year Treas Notes 3.78 3.73 3.36 12.50 Bond yields/stock ylds, % 0.86 0.85 0.71 21.99
Source: Delta Investment 20 Year Treas Bds 4.06 4.05 3.64 11.54 c-Annualized yields, adjusted for constant maturity, reported by the Federal
Management Sources: a-Office of Management and Budget, b-Monthly Treasury Statement, c-Monthly Commerce Dept. FHFA PMMS+ May 6.72 6.72 3.84 75.00 Actual year-end divs 245.84 245.84 229.40 7.16 Reserve on a weekly average basis. Sources: Tullett Prebon information, Ltd.
www.deltaim.com, (415) Report, d-Daily Treasury Statement, e-Monthly Federal Reserve Release. *Statutory debt limit temporarily Factset. z-Bankrate.com.
249-6337 suspended through January 1, 2025. Fed annualized yields adjusted for constant maturity. Actual yr-end divs yld, % 2.13 2.11 2.15 –0.93
60 BARRON’S June 26, 2023

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

Barron’s Gold Mining Index Dividend Payment Boosts

Teck Resources Cl B .094

12-Month Year Week %

Weekly Bond Statistics Week’s Telephone & Data Sys
Travel + Leisure
Travelers
.185
.45
1.00
High Low
983.45 684.61 Gold mining
6/22
855.64
6/15
869.79
Ago
803.15
Chg.
–1.63
New Offerings, (mil $) (v) Last Week Prev. Week Yr Ago
Company Name-Ticker Symbol (Exchange)
Adjusted
Yield Period To From
%
Increase
Record
Date
Ex-Div
Date
Payment
Date Dividend U-Haul Holding Series N
Union Pacific
.04
1.30
Corporate (z) 8,135 r8,276 17,833 Vistra .204
Municipal (z) 2,193 r5,153 8,102 Blackstone Sec Lending-BXSL (NYSE)
Darden Restaurants-DRI (NYSE)
11.4
3.0
Q
Q
.77
1.31
.70
1.21
10.0
8.3
9-30
7-10
9-28
7-07
10-26
8-01
Payment Vitesse Energy
Wesco International
.50
.375
Best Grade Bonds-y Western Union .235
Fulton Financial-FULT (Nasdaq) 5.3 Q .16 .15 6.7 7-03 6-30 7-14
Gold & Silver Prices (Barron's index of 10 high-grade corporate bonds.)
Granite REIT-GRP.U (NYSE) 4.2 M .2022 .195944 3.2 6-30 6-29 7-14
This list includes payouts on
common stocks.
WR Berkley
Saturday (July 1)
.11

4.63 4.54 3.96 Insight Select Incm Fd-INSI (NYSE) 5.1 Q .20 .18 11.1 7-13 7-12 7-27 NYSE
Handy & Harman 6/23 6/16 Year Ago Comerica .71
Investar Holding-ISTR (Nasdaq) 3.3 Q .10 .095 5.3 7-03 6-30 7-31 Monday (June 26) Greif A .50
Gold, troy ounce 1930.70 1959.75 1825.45 Interm-Grade Bonds-y Kroger Co-KR (NYSE) 2.5 Q .29 .26 11.5 8-15 8-14 9-01 Greif Cl B .75
Silver, troy ounce 22.36 24.02 21.22 Bluegreen Vacations .20
Matson-MATX (NYSE) 1.7 Q .32 .31 3.2 8-03 8-02 9-07 Cato Cl A .17 MDU Resources Group .222
(Barron's index of 10 medium-grade corporate bonds.) Ellington Financial .15 Textron .02
Base for pricing gold and silver contents of shipments and for making 5.20 4.98 4.80 MS Emerging Mkts Debt-MSD (NYSE) 11.1 Q .1875 .1575 19.0 6-30 6-29 7-14 UGI .375
refining settlement. Genpact .138
Permian Basin Royalty Tr-PBT (NYSE) 5.1 M .052371 .044388 18.0 6-30 6-29 7-17 Shell ADR .575 Sunday (July 2)
Confidence Index PermRock Royalty Trust-PRT (NYSE) 19.2 M .040784 .030013 35.9 6-30 6-29 7-17 Suncor Energy .385
Coins Price Premium $ Premium % Tapestry .30 NONE
(High-grade index divided by intermediate-grade index; decline in
Presidio Property Trust-SQFT (NCM ) 9.6 Q .023 .022 4.5 6-27 6-26 6-30 Williams Cos .447
Krugerrand 1996.38 76.78 4.00 latter vs. former generally indicates rising confidence, pointing to World Wrestling .12
Maple Leaf
Mexican Peso
2015.58
2322.46
95.98
8.00
5.00
0.35
higher stocks.)
89.1 91.3 82.6 Dividend Payment Reductions Tuesday (June 27) Week’s
Austria Crown 1884.59 3.00 0.16 Knight-Swift Transport .14
Austria Phil
U.S. Eagles
2015.58
2015.58
95.98
95.98
5.00
5.00 Other Confidence Indicators:
Company Name-Ticker Symbol (Exchange)
Adjusted
Yield Period To From
%
Decrease
Record
Date
Ex-Div
Date
Payment
Date
UnitedHealth Group
Wednesday (June 28)
1.88 Dividend
Premium is the amount over the value of the gold content in the coin.
Source Manfra, Tordella & Brookes, Inc. Bullion spot gold price 1919.6 Bloomberg Barclays US Long Treasury* AFC Gamma-AFCG (Nasdaq)
Cross Timbers Royalty Tr-CRT (NYSE)
16.7
10.1
Q
M
.48
.07704
.56
.185059
-14.3 %
-58.4 %
6-30
6-30
6-29
6-29
7-14
7-17
Arcos Dorados Holdings A
Ardagh Metal Packaging
.05
.10
Payment
(This index measures the performance of fixed-rate, nominal US Caleres .07
Treasuries with at least 10 years to maturity. Jan. 1, 1973=100.) Duff & Phelps Utility-DPG (NYSE) 8.7 Q .21 .35 -40.0 % 9-15 9-14 9-29 This list includes payouts on
Halliburton .16 common stocks.
Great Elm 5.875% Nt 2026-GECCO (Nasdaq) 6.2 Q .367187 .371267 -1.1 % 3-15 3-14 3-31
Gold Performance Bloomberg Barclays US Credit
3289.49 3269.04 3456.30
Great Elm 5.875% Nt 2026-GECCO (Nasdaq)
Great Elm 6.5% Nts 2024-GECCN (Nasdaq)
6.2
6.6
Q
Q
.363108
.40625
.367187
.410764
-1.1 %
-1.1 %
6-15
3-15
6-13
3-14
6-30
3-31
International Seaways
International Seaways
Lear Corp
.12
1.50
.77
NASDAQ

Weak Week: With more rate hikes possible, Great Elm 6.75% Nts 2025-GECCM (Nasdaq) 6.8 Q .421875 .426563 -1.1 % 3-15 3-14 3-31 PVH Corp. .038 Monday (June 26)
(This index includes all publicly issued, fixed-rate, non-convertible, Steris .47
gold slid 1.5% last week, to $1,931 an ounce. Great Elm 6.75% Nts 2025-GECCM (Nasdaq) 6.8 Q .417188 .421875 -1.1 % 6-15 6-13 6-30 Voya Financial .20 Amkor Technology .075
investment-grade, dollar-denominated, SEC-registered corporate
debt.) Great Elm 7.25% Nts 2027-GEGGL (Nasdaq) 8.6 Q .45313 .45816 -1.1 % 3-15 3-14 3-31 Winnebago Industries .27 Auburn National Bancorp .27
2903.37 2910.74 2871.30 Great Elm 7.25% Nts 2027-GEGGL (Nasdaq) 8.6 Q .44809 .45313 -1.1 % 6-15 6-13 6-30 Wyndham Hotels .35 Patrick Industries .45
30 Mesa Royalty Trust-MTR (NYSE) 9.1 M .136163 .487527 -72.1 % 6-30 6-29 7-31 Xylem .33 Victory Capital Cl A .32
Ryan Labs Treasury Index Permianville Royalty Tr-PVL (NYSE) 17.7 M .0125 .0135 -7.4 % 6-30 6-29 7-14 Thursday (June 29)
Barron's Gold Mining Index (855.64) San Juan Basin Royalty-SJT (NYSE) 31.3 M .016987 .052724 -67.8 % 6-30 6-29 7-17 Tuesday (June 27)
Aegon ADR .129
(Index of total return from active Treasury notes and bonds. Dec. Two Harbors Investment-TWO (NYSE) 17.5 Q .45 .60 -25.0 % 7-05 7-03 7-28 Alamos Gold .025 CME Group Cl A 1.10
31, 1996=100.) Aris Water Solutions .09
20 268.97 270.05 277.12 Star Bulk Carriers .35

Bond Buyer 20 Bond Index

Stock Splits/Dividends Special Dividends Assd Capital Cl A
Camping World Cl A
Civitas Resources
.10
.625
1.62
Wednesday (June 28)
Record Ex-Div Pay Record Ex-Div Pay Civitas Resources .50 INDUS Realty Trust .18
Company Name-Ticker Symbol (Exchange) Amount Date Date Date Company Name-Ticker Symbol (Exchange) Amount Date Date Date
(Index of yields of 20 general obligation municipal bonds.) Corning .28 Nathan's Famous .50
10 3.65 3.67 3.54 Spirit Airlines-SAVE (NYSE) 0.10 6-26 6-23 6-30 Franco-Nevada .34
NONE New Fortress Energy .10
Thomson Reuters-TRI (NYSE) 4.67 6-23 6-23 6-23 Goldman Sachs 2.50
Mercury General .317 Phibro Animal Health .12
Bond Buyer Municipal Bond Index
MiX Telematics ADR .058 RCI Hospitality Holdings .06
0 (Index of 40 actively-traded tax-exempt bonds; component issues
are changed regularly to keep the index a current picture of the
Week’s Ex- Week’s Ex- Top 5 Insider Purchases by Unifirst
Vector Group
.31
.20 Thursday (June 29)
Vishay Intertech .10
Handy & Harman Gold Price
market. Source: The Bond Buyer
4.45 4.48 4.66 Dividend Dividend Company in 2023 Worthington Industries
Friday (June 30)
.31
CSG Systems International .28
Gilead Sciences .75
Grupo Aeroportuario ADR2.126
-10 Stock/Bond Yield Gap-s
Dates Dates Company
Number of Number of
Sym Insiders Shares $ Value
Avg.
Price
Allegion
Ameren Corp
.45
.63
Grupo Aeroportuario ADR1.864
Mannatech .20
(Difference between yield on highest-grade corporate bonds and American Intl Group .36
yield on stocks on the DJIA.) This list includes payouts on This list includes payouts on B Riley Financial RILY 15 342,024 12,585,432 $36.80 T. Rowe Price Group 1.22
common stocks. common stocks. Ametek .25
-2.52 -2.46 -1.86 Movano MOVE 11 575,711 686,495 $1.19 Ares Management .77
-20 NASDAQ NYSE American Bank of America .22 Friday (June 30)
Yield on DJ Equal Weight US Corp Bond Idx: Compass Diversified CODI 10 97,648 1,868,239 $19.13 Becton Dickinson .91
J A S O N D J F M A M J AAON .12
Tuesday (June 27) Tuesday (June 27) FidelityNationalInformationServices FIS 10 19,608 1,303,895 $66.50 Booz Allen Hamilton Hldg .47
Corp Bonds, (y) 5.50 5.46 4.80 Atrion 2.15
Flexsteel Industries .15 Keurig Dr Pepper KDP 10 121,560 4,152,509 $34.16 BrightSphere Invt Group .01
NONE Brookfield .07 Broadcom 4.60
v-Week ended Thursday. y-Yield to maturity, week ended Thursday. z- Ituran Location & Ctrl .15 Brookfield Asset Mgmt .32 Citizens Holding .16
Source: Refinitiv.*Barclays T-Bond Index discontinued by firm. Mercer International .075 Wednesday (June 28) Top 5 Insider Sales by Company in 2023 Brookfield Business .062 Covenant Logistics Cl A .11
NONE Brookfield Infrastructure .382
Wednesday (June 28) Atlassian TEAM 36 873,253149,214,257 $170.87 Enterprise Finl Services .25
Brookfield Infrastructure .382
NONE Thursday (June 29) Doordash DASH 22 2,137,424133,124,190 $62.28 Brookfield Reinsurance .07 Epsilon Energy .062
OFG Bancorp .22
Federal Reserve Data Bank Week’s Ex- PermRock Royalty Trust .041
Primoris Services .06
Thursday (June 29)
AFC Gamma .48
National Healthcare
Friday (June 30)
.59 Moderna
Datadog
MRNA
DDOG
22 928,134144,288,369 $155.46
19 1,025,253 86,090,807 $83.97
Brookfield Renewable .338
Canadian National Railway.583
Canadian National Railway .591
ESSA Bancorp
First Guaranty Bcshs
.15
.16
Cenovus Energy .105 Global Water Resources .025
One week ended Jun 21:

Prev. Year
Dividend Ralph Lauren Cl A
Regal Rexnord
REV Group
.75
.35
.05
Alico
Amdocs
ATN International
.05
.435
.21
Acme United
Saturday (July 1)
.14 Palo Alto Networks PANW 18 428,924 82,166,025 $191.56
Devon Energy
Devon Energy
.20
.52
Hooker Furnishings
Icahn Enterprises
.22
2.00
Member Bank
Reserve Chgs. (Mil. $)
Week
Change
Ago
Change Dates Stantec
Stryker Corp
.146
.75
BancFirst
BRP
.40
.133
NONE U.S. Treasury Bills Dick's Sporting Goods
Domino's Pizza
Douglas Dynamics
1.00
1.21
.295
Information Services
Inter Parfums
.045
.625
Sunday (July 2) Wkly Ask
U.S. Gov't securities: This list includes payouts on Tecnoglass .09 Canterbury Park Holding .07 Maturity Bid Chg. Yld.
EnerSys .175 Investors Title .46
Asked
common stocks. TFI International .35 Chicago Atl Real Est Fin .47 NONE Entravision Comms .05 Iridium Communications .13
Bought outright 7,705,009 -15,985 -791,141 July 25 4.97 4.96 0.01 5.06 Eversource Energy .675
Townsquare Media Cl A .188 ChipMOS Technologies 1.501 July 27 5.00 4.99 0.01 5.08 James River Group Hldgs .05
NYSE Tricon Residential .058 Colliers International .15 Monday (July 3) F & G Annuities & Life .20
Federal agency secur: August 01 5.02 5.01 0.02 5.12 Fed Agric Mtg Cl A 1.10 Kforce .36
Tuesday (June 27) U.S. Bancorp .48 Dentsply Sirona .14 NONE August 03 5.05 5.04 0.05 5.14 Fed Agric Mtg Cl C 1.10 Kraft Heinz .40
Bought outright 2,347 .... .... Valmont Industries .60 Ensign Group .058 August 08 5.06 5.05 0.04 5.17
American Vanguard .03 Fidelity Ntl Financial .45 Lancaster Colony .85
August 10 5.07 5.06 0.03 5.16
Reserve bank credit:
Primary Credit 3,248 -69 -316
Banco Bradesco Ord ADR .037
Cdn Imperial Bk Of Comm .638
Vermilion Energy
Xenia Hotels & Resorts
.073
.10
Fifth Third Bancorp
First Bancorp NC
FirstService
.33
.22
.225
Week’s August 15
August 17
5.10
5.07
5.09
5.06
0.04
0.04
5.21
5.17
Frontline
Garmin
GATX
.70
.73
.55
Marriott International
Marten Transport
.52
.06
August 22 5.07 5.06 0.03 5.19
Secondary Credit
Seasonal Credit
....
25
-1
+4
....
+17
Wednesday (June 28)
Friday (June 30)
Agilent Technologies .225
Himax Technologies ADR .48
Keurig Dr Pepper .20
Dividend August 24
August 29
5.06
5.07
5.05
5.06
0.03
0.03
5.16
5.19
Global Indemnity
Global Payments
GrafTech International
.25
.25
.01
Methanex
Nasdaq
.185
.22
Chunghwa Telecom ADR 1.529 Air Products & Chemicals 1.75
Float
Other F.R. Assets
-171
41,370
-6
+3,047
-21
+3,338
Northern Oil & Gas .37 ASE Technology ADR
Cardinal Health
.571
.501
Lincoln Electric
Mondelez Intl Cl A
.64
.385
Monolithic Power Systems1.00
Payment August 31
September 05
September 07
5.09
5.06
5.11
5.08
5.05
5.10
0.04
0.01
0.04
5.21
5.18
5.22
Gray Television
Gray Television Cl A
.08
.08
NorthWestern
NVIDIA
.64
.04
Thursday (June 29) Hanover Insurance Grp .81 PepsiCo 1.265
Total Fed Credit # 8,334,835 -17,922 -565,989 Encompass Health .15 National Research .12 This list includes payouts on September 12 5.07 5.06 0.05 5.20 HCA Healthcare .60
Gold stock 11,041 .... .... AXIS Capital Holdings .44 Grupo Aval Acciones ADR .016 common stocks. September 14 5.12 5.11 0.05 5.25 Power Integrations .19
Opera ADR .80 Hess Corp .438
B & G Foods .19 September 19 5.09 5.08 0.04 5.23 Hillenbrand .22 Principal Financial Group .64
SDR Certif. Accounts 5,200 .... .... Heico Cl A .10 Steel Dynamics .425 NYSE American September 21 5.15 5.14 0.11 5.29
Treas. Curr. Outst. 51,807 +14 +728 BanColombia ADR .852 Heico Corp .10 Towne Bank .25 Hilton .15 Red Rock Resorts Cl A .25
September 26 5.12 5.11 0.07 5.26 Horace Mann Educators .33
Benchmark Electronics .165 Ingredion .71 Trinity Capital .48 Monday (June 26) September 28 5.08 5.07 0.08 5.23 Renasant .22
Total 8,421,346 -17,843 -565,030 Huntsman .237
Cdn Pacific Kansas City .14 Park Aerospace .125 Trinity Capital .05 October 03 5.14 5.13 0.05 5.29 Ross Stores .335
Currency in circ 2,343,012 +1,379 +65,440 Flanigan's Enterp .45 Installed Bldg Products .33
CTS Corp .04 Quanta Services .08 Willis Towers Watson .84 October 05 5.13 5.12 0.04 5.26 Insteel Industries .03 Seacoast Banking of FL .18
Treas. Cash Hldgs 225 -9 +132 Danaher .27 Raymond James .42 Tuesday (June 27) October 10 5.14 5.13 0.03 5.30
Xerox Holdings .25 Intercontinental Exchange .42 SpartanNash .215
Treas. Fed Deposits 276,850 +174,732 -481,433 Deere 1.25 Republic Services .495 October 12 5.16 5.15 0.04 5.32 Leidos Holdings .36
York Water .203 B2Gold .04 October 17 5.19 5.18 0.04 5.35 StepStone Group .25
Foreign Fed Deposits 9,687 +1 +2,252 DigitalBridge Group .01 State Street .63 M & T Bank 1.30
Friday (June 30) October 19 5.19 5.18 0.07 5.35 Martin Marietta .66 StepStone Group .20
Other Fed Deposits 204,423 +810 -50,852 Dillard's .20 Wolverine World Wide .10 Wednesday (June 28) October 24 5.21 5.20 .... 5.38
Consolidated Water .085 Meritage Homes .27 Summit Financial .20
Other FR liab/cap -21,441 -5,327 -70,326 Ellington Financial .15 Saturday (July 1) Espey Mfg & Elec .10 October 26 5.16 5.15 0.05 5.33
Cricut Cl A 1.00 NOV .05 Universal Display .35
Total factors 5,169,788 +55,861 -669,032 ESAB .06 November 02 5.14 5.13 0.02 5.29 Outfront Media .30
FMC .58 NONE Pegasystems .03 Thursday (June 29) November 09 5.13 5.12 .... 5.30 Verisk Analytics .34
Reserves F.R. banks 3,251,558 -73,703 +104,002 Ovintiv .30
Franklin Resources .30 Preformed Line Products .20 November 16 5.12 5.11 0.01 5.30 Pembina Pipeline .497 Weyco Group .25
Fgn hold U.S. debt 3,425,424 +16,346 +22,146 Sunday (July 2) Silvercorp Metals .013 November 24 5.14 5.13 -0.01 5.32
Granite Construction .13 Washington Trust Bancorp .56 Public Svc Enterprise .57
NONE Werner Enterprises .14 November 30 5.16 5.15 0.02 5.34 Quanex Building Products .08 Saturday (July 1)
Greystone Housing Impact .37 Friday (June 30) Dec 07 '23 5.16 5.15 0.03 5.36
Monday (July 3) Range Resources .08 Automatic Data 1.25
Reserve Aggr (Mil. $) Latest Prev. Month % Year Humana .885 Saturday (July 1) Evolution Petroleum .12 Dec 14 '23 5.14 5.13 0.01 5.34 RenaissanceRe Hldgs .38
Month Ended April: Month Month Chg. Ago Illinois Tool Works 1.31 Banco Bradesco Ord ADR .004 Gold Royalty .01 Dec 21 '23 5.19 5.18 .... 5.40 C & F Financial .44
NONE Scorpio Tankers .25
Kennedy-Wilson Holdings .24 Dec 28 '23 5.07 5.06 0.24 5.27 Service Corp Intl .27 Hawthorn Bancshares .17
Bank of Nova Scotia .785 Jan 25 '24 4.87 4.86 0.11 5.05
Total Reserves: 3,269,500 3,258,400 0.34 3,615,400 Ladder Capital Cl A .23 Choice Hotels Intl .287 Sunday (July 2) Saturday (July 1) SFL .24 Northern Trust .75
NonborrowedRes 2,939,800 3,043,100 -3.39 3,591,400 Feb 22 '24 4.88 4.87 0.04 5.07 Spirit Airlines .10
Lennox International 1.10 ESCO Technologies .08 NONE NONE Mar 21 '24 4.98 4.97 0.05 5.21 WesBanco .35
BorrowedReserves 329,662 215,338 53.09 23,960 National Fuel Gas .495 Stellar Bancorp .13
Gap Inc .15 Apr 18 '24 5.02 5.01 0.05 5.25 Stewart Info Svcs .45
Monetary Base 5,592,600 5,571,000 0.39 5,885,100 Nucor .51 Monday (July 3) Sunday (July 2) May 16 '24 5.03 5.02 0.05 5.28 Sunday (July 2)
Helios Technologies .09 Sun Life Financial .554
Nutrien .53 Sempra 1.19 Comcast Cl A .29 NONE Jun 13 '24 4.98 4.97 0.03 5.25 NONE
June 26, 2023 BARRON’S 61

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

Innodata Energous PetMedExpress ATS MeritageHomes MethodeElec SpireGlobal

Week’s InspireMD
Intapp
NEW LOWS
22ndCentury
23andMe
EnergyFocus
EnochianBio
PhioPharm
Phunware
Abercrombie&Fitch
AfricanGoldA
Moog B
NVR
MiX Telematics
NationalFuelGas
SummitHotelProp
TelusIntl

New Highs and

InterlinkElec EnsysceBio PierisPharm AmerisourceBrgn Natura&Co NatlStorage TexasPacLand
Adamis PopCulture NorthwestNat UGI
IntlMediaAcqnA Ericsson Amrep NewparkResources
Intra-Cellular AdaptHealth EsportsEnt PowerbridgeTech APi Group NuScalePower Victoria'sSecret
NorthAmConstr

Lows iPower
iRadimed
AdaptimmuneTher
AdicetBio
Aditxt
EudaHealth
EVgo
Precipio
PrecisionBio
ArcosDorados
Arcosa
NuHoldings
Oil-Dri
PhoenixNewMedia
PlanetLabs
VinceHolding
WNS
IVERICbio Femasys PriveterraAcqnA AresAcqnA Orix ProsperityBcshs W.P.Carey
NYSE AdvEmissions
KairousAcqn FinchTherap ProMISNeurosci AthenaTechII A OverseasShip SQZ Biotech WheelsUp
AdventTech

153 80
LamfGlbI A FocusUniversal ProSomnus Azul OwensCorning Safehold WideOpenWest
LandseaHomes AegleaBioTherap ForwardIndustries Psychemedics BWX Tech Sibanye-Stillwater ZimIntShipping
PGT Innovations
Latch AerwinsTech FreightTech Pulmatrix BancoBBVA
New Highs New Lows PampaEnergia
AgileTherap
Nasdaq
LCattertonA
LegendBiotech AgileThought
FrequencyTherap
GalmedPharm
RamacoRscsB
RealGoodFood
Bladex
BancoMacro
PenskeAuto
PulteGroup
Distributions & Offerings
LeMaitreVascular Akerna GenerationIncm RedHillBio BancSanBrasil QuantaServices Secondary Distributions of common stocks

216
New Highs
295
New Lows
LeonardoDRS
LifeMD
Limbach
Akumin
AllogeneTherap
AlloVir
Greenlane
GreenwaveTech
GRI Bio
ReShapeLife
ReToEcoSol
RoyaltyPharma
BeazerHomes
BoiseCascade
BostonSci
RoperTech
RoyalCaribbean
ShakeShack
Allovir
BEAM Global
Dragonfly Energy Holdings 10,000,000
20,000,000
2,663,044
$3.75
$9.00
$2.00
$75,000,000
$23,967,396
$20,000,000
AMC Networks Gulfport Energy 1,495,000 $95.00 $142,025,000
Liquidia GSRIIMeteoraA RVL Pharm BuildersFirst ShoulderUpTechA IGM Biosciences 10,597,827 $8.00 $84,782,616
NYSE American
Locafy AmericanPubEdu Gulf Resources Sabre CACI Intl SilverBoxIIIA Madison Square Garden Entertainment 5,250,000 $31.00 $162,750,000
MamaMancini's AmeriServFin HanoverBancorp SaveFoods CBIZ MamaMancini's Holdings 6,281,085 $2.50 $15,702,713

9 27
SimpsonMfg
Mesoblast AppliedUV HarborCustom SBA Comm CCNeubergerIII A Source: Dealogic LLC, New York City; (212) 577-4400.
Snap-On
MetaPlatforms ApreaTherap HarborCustomWt SeaStarMedical CardinalHealth
New Highs New Lows
Spotify
MiMedx AptevoTherap HawthornBcsh SenecaFoods A Celestica Stevanato
Only includes COMMON and REIT stocks MontereyCapA ARBIOT Hempacco SenecaFoods B CentralPuerto SummitMaterials Yearly High/Lows Gold Prices
MorphoSys ArcadiaBiosci HubCyberSecurity SenmiaoTech ChurchillVI A TLGAcqnOneA The yearly Gold price; with a high/low range based on the daily close.
NYSE American BeaconRoof NautilusBiotech Assure iClickInteract SenstarTech CleanHarbors TaroPharm Year High Date Low Date
BelFuse A nLIGHT Aterian IGM Biosci ShiftPixy Coherent Tecnoglass
NEW HIGHS AtlanticAmerican 2023 2048.45 Apr 13 1810.95 Feb. 24
BelFuse B Novanta InMedPharm Shineco EngGr-Cmg TelecomArgentina
Azitra AtlanticaSust 2022 2039.05 Mar. 08 1628.75 Nov. 03
BELLUS Health NVIDIA InovioPharm Sinclair COPEL Toll Bros
BiteAcqn 2021 1943.20 Jan. 04 1683.95 Mar. 30
BioCardia OncolyticsBio AvalonGloboCare Inpixon SmartforLife Crane TopBuild 2020 2067.15 Aug. 06 1474.25 Mar. 19
CatchaInvtA BitDigital PaloAltoNtwks BeautyHealth IntegratedMedia SMXSecurityMatters DeckersOutdoor 2019 1546.10 Sept. 04 1269.50 Apr. 23
TownsquareMedia
CoreMoldingTech BowmanConsult PangaeaLogistics BeliteBio InteractStrength SNDL DellTechC 2018 1354.95 Jan. 25 1178.40 Aug. 17
TransDigm
InterPrivateII A Beneficient 2017 1346.25 Sept. 08 1151.00 Jan. 03
BranchOutFood ParkCity Intevac Sohu.com DoubleVerify TransportadGas 2016 1366.25 July 06 1077.00 Jan . 05
NorthernStrII A BreezeHldgs Patterson BeyondAir Invivyd Soligenix DrReddy'sLab US Foods 2015 1295.75 Jan. 22 1049.40 Dec. 17
PerspectiveTherap Cantaloupe PDF Solutions Biocept iSun SouthsideBcshs DreamFinders 2014 1385.00 Mar. 14 1142.00 Nov. 05
US Xpress
WirelessTel CelsiusHldg PioneerPwrSols BioCryst JaguarHealth SparkNetworks elfBeauty 2013 1693.75 Jan. 02 1192.00 June 28
Uber 2012 1791.75 Oct. 04 1540.00 May 30
CentessaPharm PotlatchDelt BiodexaPharm JamesRiver Staffing360 EMCOR
NEW LOWS UltraparPart 2011 1895.00 Sept. 06 1319.00 Jan. 28
Cerence Pwr&Digital II A BitBrother JazzPharm StarWi EagleMaterials
AgEagleAerial Vertiv 2010 1421.00 Nov. 09 1058.00 Feb. 05
ChinookTherap Quanterix BlinkCharging Joann Strattec EmeraldHldg 2009 1212.50 Dec. 02 810.00 Jan. 15
CamberEnergy Vishay
CloverLeafA RadNet BlueStarFoods JX Luxventure StrongholdDig EmpresaDisCom 2008 1011.25 Mar. 17 712.50 Oct. 24
Castellum VistaEnergy 2007 841.10 Nov. 08 608.40 Jan. 10
Cohu RamacoRscsB BoneBiologics KaryopharmTherap SuperCom EnelChile
cbdMD VulcanMatls 2006 725.00 May 12 524.75 Jan. 05
CompassDigitalAcqn ResearchSolutions Bonso KezarLifeSci Surgalign EnerpacTool 2005
1847Holdings WeaveComms 536.50 Dec. 12 411.10 Feb. 08
ConsldWater RoivantSciences Boxlight Kineta TCBioPharm EnPro 2004 454.20 Dec. 02 375.00 May 10
FreshVineWine XFinancial
ConstructionPtrs RoseHillAcqn BranchOutFood KioraPharm TD Holdings FederalSignal 2003 416.25 Dec. 30 319.90 Apr. 07
GoldResource XPO 2002 349.30 Dec. 27 277.75 Jan. 04
Copart Ryanair BuzzFeed Koss TilrayBrands Ferguson
GoldRoyalty YPF 2001 293.25 Sept. 17 255.95 Apr. 02
CoStar SagaliamAcqnA ByrnaTech LifetimeBrands TonixPharm GMS 2000 312.70 Feb. 07 263.80 Oct. 27
GoldenMinerals C3is NEW LOWS
CreativeRealities Sanfilippo Lucid TOP Ships GOL Linhas 1999 325.50 Oct. 05 252.80 July 20
GranTierraEner C4 Therap AlexandriaRlEst 1998 313.15 Apr. 24 273.40 Aug. 28
Cresud Schrodinger LumiraDx TopKingWin GreenTree
HoustonAmEner Cal-MaineFoods AlticeUSA 1997 366.55 Jan. 02 283.00 Dec. 12
Cricut SecurityNatFin LytusTech ToughBuiltInds Group1Auto 1996 414.80 Feb. 05 367.40 Dec. 03
IndonesiaEnergy Canoo ArdaghMetalPkg
CSW Industrials SilverspacA Marpai TraconPharm GpoSupervielle 1995 395.55 Apr. 19 372.40 Jan. 09
IntegraResources CanopyGrowth TransCodeTherap Ashland 1994 396.25 Sept. 28 369.65 Apr. 22
CTI BioPharma SizzleAcqn MercerIntl GulfportEnergy
MaiaBiotech CaravelleIntl TroikaMedia AzurePowerGlbl
D-MarketElec SkywardSpecIns MersanaTherap HCA Healthcare
MatinasBioPharma
PolymetMining
DiamedicaTherap
DiceTherap
SlamA
SonimTech
CaribouBio
CarverBancorp
micromobility.com
MiratiTherap
Trupanion
UcommuneIntl
HimalayaShipping
DR Horton
Babylon
BaytexEnergy
Yearly High/Lows Silver Prices
PowerREIT CastorMaritime uniQure BostonOmaha The yearly Handy & Harman Silver price; with a high/low range based
DiscMedicine SpokHoldings Missfresh HowmetAerospace
RaMedicalSys on the daily close.
DPCapAcqnIA SPS Commerce ChemomabTherap MobileGlbEsports UnitedGuardian Hubbell BrightScholar
Stereotaxis ChickenSoupA UnvlElectronics CalWtrSvc Year High Date Low Date
Dropbox StarEquity MoleculinBiotech IRSA
TrioPetroleum StealthGas ChijetMotor MonogramOrtho Vacasa InspireMedical Cato
DuosTechs 2023 25.92 May 04 20.07 Mar 08
WilliamsIndlSvcs DXP Ents StratimCloudA ChinaJoJoDrug Monro VBI Vaccines InstalledBldg ChargePoint 2022 26.87 Mar 08 17.80 Sept 01
Nasdaq EdifyAcqnA TactileSystems Cineverse MullenAuto VenusConcept ItauUnibanco ChathamLodging 2021 28.65 Feb 01 21.55 Sept 29
Eltek TakeTwoSoftware ClearPtNeuro MySize Veradigm Jabil ClearwaterPaper 2020 28.99 Aug 10 12.13 Mar 18
NEW HIGHS EnergyRecovery TesscoTech Clene NanoStringTech VerbTech JohnBeanTech ClearwayEnergyA 2019 19.40 Sept 04 14.36 May 28
7GC A Ent4.0TechAcqnA TMCthemetals CleverLeaves Nasdaq Vericity KB Home CrownCastle 2018 17.57 Jan 25 14.07 Nov 14
Abcam CoffeeHolding VertexEnergy DigitalMedia 2017 18.52 Apr 17 15.39 July 07
EosEnergy TMT Acqn NektarTherap KinsaleCapital
AbriSPACI 2016 20.69 Aug 02 13.78 Jan 12
ExactSciences TrailblazerI A CommerceBcshrs NeuroBoPharm ViaRenewables LG Display DineBrands
2015 18.41 Jan 22 13.72 Dec 17
Alkermes Fastenal TransActTechs COMSovereign NewellBrands View LambWeston Doma
2014 22.12 Feb 24 15.42 Nov 06
AllegiantTravel FinStrategiesA UFP Tech Concentrix Novan ViewRay Lennar A DouglasElliman 2013 32.31 Jan 23 18.70 June 26
AlphaStarAcqn Flex UnvlStainless ConsensusCloud Novocure VincoVentures Lennar B F45Training 2012 36.88 Feb 28 26.39 June 28
AlpineImmune FocusImpact Vaxcyte CrownCrafts NutexHealth VistaGenTherap LennoxIntl FathomDigital 2011 48.55 Apr 29 26.77 Jan 25
AlsetCapAcqnA Fortrea VectivBio CueHealth Nutriband Volcon EliLilly FirstMajestic 2010 30.64 Dec 29 14.78 Feb. 05
AmbrxBio Genelux VeraBradley CumberlandPharm Nuwellis voxeljet M/I Homes FlowersFoods 2009 19.45 Dec 02 10.45 Jan. 15
AmericanWoodmark GenesisUnicorn Vericel DonegalGroup B OceanPal WillametteValley MSA Safety HanoverIns 2008 20.70 Mar 05 8.81 Oct 28
AmphastarPharm GoalAcqns VeriskAnalytics DragonflyEnergy OconeeFedFinl Workhorse M3-BrigadeIII A HershaHospitality 2007 15.67 Nov 08 11.18 Aug 16
ANI Pham GpoFinGalicia VerraMobility DrillingToolsIntl OncoSecMed Xos Marsh&McLen HoraceMannEdu 2006 14.93 May 11 8.84 Jan 05
Yellow 2005 9.11 Dec 12 6.38 Jan 04
Apple GRAVITY WelsbachTech EastsideDistilling OpGen MartinMarietta HudsonPacProp
2004 8.24 Apr 07 5.57 May 13
AppliedDigital Gyrodyne Woodward EBET Opthea ZappEV MasTec IndependenceContr
2003 5.97 Dec 30 4.40 Mar 24
AppliedOptoelec Harmonic WorldAcceptance EcoWavePower OriginAgritech ZyVersaTherap MauiLand IntlFlavors 2002 5.15 June 04 4.26 Jan 31
ArtemisStratInvt HealthwellAcqnI XcelBrands EdibleGarden PanbelaTherap Maximus Leggett&Platt 2001
NYSE 4.87 Jan 30 4.06 Nov 26
Astronics HireQuest XerisBiopharma Eightco PassageBio McCormickVtg LocalBounti 2000 5.53 Feb. 07 4.60 Dec 15
AuroraAcqnA ICZOOMA YunhongCTI EledonPharm PaxMedica NEW HIGHS McCormick Mytheresa 1999 6.84 Feb 17 4.91 June 04
AxsomeTherap Immunogen Zillow C EnantaPharma PENN Entmt AAR McKesson Mativ 1998 7.31 Feb 06 4.72 Aug 31
62 BARRON’S June 26, 2023

O T H E R VO I C E S
A globally diversified portfolio of stocks and
bonds is likely to earn 4.5% to 6% a year over
the next decade

ing about now? uations have come down, our outlook

Perhaps the biggest change is that,
after a long period of paltry yields
and a historically bad year in 2022,
bonds are back. To state it plainly,
bonds finally offer income again.
Many broadly diversified bond
mutual funds and exchange-traded
funds currently have yields exceed-
ing 4%, at long last delivering
meaningful current income to
investors.
To be clear, the fight against infla-
tion isn’t yet over. The Fed’s campaign
could cause continued volatility in the
short run. But for long-term investors,
today’s yields are a welcome change
from the generally low income offered
by bonds over much of the past two
decades.
for U.S. equities is much more opti-
mistic, with returns likely to range
from 4.1% to 6.1% a year over the
coming decade. Our outlook for non-
U.S. stocks is even higher, largely due
to their even more attractive relative
valuations.
What’s next? The current interest-
rate environment, with short-term
rates likely to stabilize around 5.5%,
lays the foundation for more-robust
investment returns going forward.
Our view is that a globally diversified
portfolio of stocks and bonds is likely
to earn 4.5% to 6% a year over the
next decade, a meaningful improve-
ment over our expectations from just
over a year ago.

There’s also cause for celebration
at the shortest end of the yield curve.
While many bank savings accounts
are still offering less than 1%, yields
on money-market funds have risen
along with the fed-funds rate. Some
money-market fund yields are now
at 5% or more, the highest they have
T
his is welcome news for
long-term investors, whose
savings will do more of the
hard work for them. But
investors must keep in mind that it’s
likely to be a bumpy ride. The markets
probably will remain volatile even
after interest rates plateau, as rate

A Volatile Market
been since the early part of the 21st
century.
The rapid increase in rates has had
an impact on equities, too. There was
changes take a year or more to fully
work their way through the economy.
Ultimately, the Fed’s ongoing fight
against inflation won’t be without

Comes With Good

significant repricing in equities over costs. We continue to expect a modest
the past 18 months, as interest rates recession in the next 12 months, which
rose, among other factors. Valuations could entail higher unemployment,
fell sharply. The cyclically adjusted tighter availability of credit, and

News for Savers

price/earnings ratio, or CAPE, was at
40 in December 2021, about two stan-
dard errors higher than Vanguard’s
fair value range of 25 to 30 at that
time. By May 2023, the CAPE had
continued market volatility.
But that doesn’t change the funda-
mental principles that all investors
should keep top of mind: Save early
and often, keep investment costs low,

A
fallen to just over 29, a decline of build a broadly diversified portfolio of
nearly 27%, yet still above our current stocks and bonds that aligns to your
generation of inves- BY GREGORY an extended period. fair value range of 20 to 26. risk tolerance and investment goals,
tors has little experi- DAVIS Things have changed—and rapidly. Such repricings are invariably pain- and, perhaps most important, stick
ence with investing Davis is chief The Fed is probably nearing the end ful for investors, but the upside is that with your plan.
in a high-interest- investment officer of a rate-hiking cycle that began in they set the stage for stronger expected Investors who abandon their plan
rate environment. at Vanguard. early 2022, with many economists, equity returns going forward. after a challenging year like 2022 and
In the 21st century, including Vanguard’s, anticipating In our view, equity valuations are move too much of their assets to cash
there has been only that the Fed will bring its target short- closer to fair value today than they can permanently impair their savings

Illustration by Risto Avramovski

a little more than a year in which
the federal-funds rate—the Federal
Reserve’s target short-term interest
rate—has been above 5%, from
mid-2006 through the onset of the
2008-09 financial crisis. Not since
1995-2000 has the fed-funds rate been
more than 5%—or even near 5%—for
term rate up to somewhere around
5.5% and keep it there for an extended
period. Higher short-term rates are
the centerpiece of the Fed’s effort
to quash persistently high inflation.
That effort appears to be working.
So, what should investors who are
new to higher interest rates be think-
were before the Fed’s rate-hiking
cycle began. But they still appear
frothy. In late 2021, with valuations
still extremely stretched, we expected
U.S. equity returns over the coming
decade to range from 2.2% to 4.2% a
year—our most pessimistic outlook
in more than a decade. Now that val-
by missing out on a market rebound,
which historically has followed bear
markets. But you can position yourself
for investment success over the long
term by building a strategic portfolio
that capitalizes on the improved out-
look for stocks and bonds, and then
staying the course. B
 June 26, 2023
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.
Is Shein a
Threat to U.S.
Retailers?
To the Editor:
After reading the cover story about Shein (“This App
Wants to Rule Retail,” June 16), I became skeptical about
how a company could sell women’s clothing at discounts
of more than 70% while, at the same time, expanding
into different categories like home and beauty.
With $23 billion in sales and earnings of $800 mil-
lion, and with sales of less than 30% coming from the
U.S., I think that all companies including Amazon.com
should take this as a threat.
I downloaded the Shein app to make sure this wasn’t
a joke, and sure enough, these discounts were true. I
saw women’s tops and pants below $6 a garment with
Illustration by María Jesús Contreras
no shipping charge.
Martin Blumberg
Melville N.Y.
To the Editor:
I checked out the website. Shein sells cheap junk. It isn’t
going to compete with L.L. Bean, Amazon, Eddie Bauer,
Walmart, or anyone else except in the cheap junk, taw-
dry clothing, and ugly jewelry categories.
BARRON’S
Amazon and Walmart sell
expensive items along with cheap
ones. When it comes to quality,
expense comes with it. I try to buy
quality. I have L.L. Bean items that are
decades old. There’s nothing in that
Shein catalog that will be here in five
years, much less decades.
Ernest Montague
On Barrons.com
To the Editor:
Shein doesn’t deal with the bottom
20% of the disposable income custom-
ers, due to the necessity of credit/debit
cards. As such, Shein isn’t as suscepti-
ble to shrink from theft, fraud, and
damage that you get from bricks-and-
mortar operations. Target, Walmart,
and Macy’s all lose billions to shrink,
and it’s a direct hit to earnings. Fraud-
ulent customer returns is the only
weakness I see.
Rory Coriell
On Barrons.com
Treasury and the Fed
To the Editor:
The Federal government will need to
borrow $1 trillion shortly to pay its
bills and restore its cash reserves
(“The Fed Needs to Stop Marching in
Lockstep. A Fight Would Be Good,”
Up & Down Wall Street, June 16).
Perhaps the Fed paused its interest-
rate hikes to help the Treasury restart
our spending spree. The sudden de-
mand for short-term T-bills may in-
crease rates without intervention.
Once the Treasury gets back on track,
the Fed will feel more able to continue
its rate hikes.
Mike Staples
On Barrons.com
The Terminal Rate
To the Editor:
A lot can change in a month (“2 Rea-
sons the Fed Paused. Don’t Ignore the
Politics,” The Economy, June 16). For
instance, it seemed like a few weeks
back, 60% of economists felt that
there would be a June rate hike. When
data rolled in showing inflation slow-
Numbers by Barron’s, which breaks down the markets,
is available wherever you listen to podcasts.
ing and both job growth and wages
leveling, that quickly went to 0% ex-
pecting a hike. For me, I don’t think
that we have reached the terminal rate,
but July is still a question mark now.
Terrence Milan
On Barrons.com
Memo to AI Providers
To the Editor:
Your article regarding the potential
impact of artificial intelligence on the
music industry was quite interesting,
particularly as it comes at the same
time that Paul McCartney announced
that he is going to use AI to pluck
John Lennon’s voice from an old demo
tape and create the last Beatles song
(“AI Crushed Music Label Stocks.
Why ‘Fake Drake’ Won’t Kill Them,”
June 16).
As wonderful as some of these de-
velopments are, we cannot lose sight
of the fact that the bad guys who in-
fected the internet and social media
with malevolent venom are going to
try even worse things with AI. One
can imagine the types of lyrical lar-
ceny that will be attempted with AI.
There needs to be very rigid controls
by the companies offering AI to
closely monitor what gets published
before it gets published. I know that
there are controls that currently exist,
but they have to be regularly reviewed
and strengthened.
Given the widening partisan divide
in our government, there will be ice-
bergs in Death Valley before any
meaningful regulations come from
Washington to control how AI is used.
The burden therefore will fall on the
companies that are providing it, and
they had better understand the poten-
“There’s nothing in that Shein
catalog that will be here in five
years, much less decades.”
Ernest Montague, on Barrons.com
63
tially catastrophic dangers that they
are exposing society to if they fail in
that responsibility.
Arthur M. Shatz
Astoria, N.Y.
Japan’s Stock Market
To the Editor:
Regarding the interview with J.P.
Morgan’s Joyce Chang (“Why This
Research Pro Likes Japan, Defensive
Stocks, and Bonds,” June 16), Japan’s
stock market has been a conundrum
to American investor for decades, and
will continue to be a case study on
how to be right while being wrong.
Japanese stocks notoriously rise when
the yen is weak, as Japanese company
profits are driven by exports. Any yen
recovery will make Japanese exports
less competitive, eating into elusive
stock gains. Sayonara, Japanese stocks.
Joseph L. Andretta
Ocala, Fla.
Political Attack
To the Editor:
Smart investors can make money dur-
ing any regime (“The Trump vs. Biden
Economy: A Comparison in 11
Charts,” June 9). A free-market econ-
omy is usually resilient enough to
withstand political shocks and igno-
rant policy making. Adept managers
can read the tea leaves and move their
investments accordingly. But what
none of us can do is to operate effi-
ciently if our institutions are under
constant political attack by one party
or another.
Jim Kroner
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
64 BARRON’S June 26, 2023

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