22 STOCK PICKS FROM OUR ROUNDTABLE • PAGE 14

VOL. CV NO. 4 JANUARY 27, 2025 $5.00

Market volatility will

get worse. Stocks could
climb anyway. Page 5
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The Trump
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Effect
Bond prices could
fall further. Why that’s bad
for borrowers. Page 9
>
63142
 C O NT EN TS 01.2 7.25 VOL.CV NO.4

COVER STORY P. 14 P. 26
P. 9
Income: Muni Bonds
Rising Bond Yields Are Roundtable, Part III: 22 Picks and Climate Risk
a Risk for Investors The final installment of our stock-picking series features a fresh round of top ideas. California wildfires are a wake-up
Many of the political promises that Among them: Dollar Tree, Salesforce, Becton Dickinson, and Applied Materials. call for having a well-diversified
got Donald Trump elected could By LAUREN R. RUBLIN municipal bond portfolio.
push elevated interest rates even By AMEY STONE
higher. That would compound the
pain for borrowers, bondholders— P. 28
and especially the U.S. Treasury.
By RANDALL W. FORSYTH
Trader: Tech Earnings
on Tap—and the Fed
Quarterly reports from Apple,
Microsoft, Meta, and Tesla could
P. 11 stoke the market rally this coming
week—assuming Fed Chair Powell
Banks Grapple With keeps hawkish talk in check.
Tepid Loan Growth By PAUL R. LA MONICA
For now, investors seem to be
overlooking the danger posed by P. 31
weak demand for loans, a key
driver of bank earnings.
International: Where
to Find Value in India
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By REBECCA UNGARINO
Two attractive industries: big
P. 12 banks and electric vehicles.
A Report Card That By CRAIG MELLOW

Won’t Go on the Fridge P. 32

Carnival, GE Aerospace, and
PayPal were bright spots in what
Striking Price: Bet on
Tech Going Higher
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

was a disappointing showing

overall for our 2024 stock picks. Trump’s coziness with tech leaders
By JACOB SONENSHINE suggests more gains for the sector.
Here’s how to use options to cost-
Panelist David Giroux is bullish about Thermo Fisher Scientific, given its growth and talented CEO.
effectively trade that possibility.
By STEVEN M. SEARS

Barron’s Roundtable P. 55
on Fox Business
Watch our TV show Saturdays
22 STOCK PICKS FROM OUR ROUNDTABLE • PAGE 14

P. 5 P. 24
Retirement: Social
and Sundays at 9:30 a.m. and Security Cuts Afoot
Up & Down Wall Street: Funds: ‘Dr. Doom’ on
VOL. CV NO. 4 JANUARY 27, 2025 $5.00

10:30 a.m. ET. This week, None of the proposed changes

Market volatility will
get worse. Stocks could

A Taste of Trump 2.0 Why 60/40 Is Dead

climb anyway. Page 5

Meb Faber of Cambria Investment The Trump affect the math on when to claim.
Management makes the case for Effect While the president’s policies create Nouriel Roubini, who predicted By ELIZABETH O’BRIEN
Bond prices could

value stocks and T-bills. fall further. Why that’s bad

for borrowers. Page 9 land mines for investors to dodge, the 2008-09 financial crisis, has a
they also have the potential to new ETF. The portfolio is heavy on P. 54
power stocks to new heights. Treasuries, gold, and REITs.
By BEN LEVISOHN By LEWIS BRAHAM
Deregulation Could
Index P. 4 Winners & Losers P. 34
Send Us Back to 2008
Review & Preview P. 8 Research Reports P. 35 P. 7 P. 25 Other Voices: If deregulation is
Inside Scoop P. 33 Market Data P. 36 mishandled, it risks destabilizing
13Ds P. 33 Mailbag P. 55 Streetwise: A Season Tech Trader: Scant the financial system and triggering

Illustration by Blake Cale

© 2025 Dow Jones & Company, Inc. All Rights Reserved.
of Earnings Thrills Details About Stargate another global crisis. Getting it
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 January 27, 2025 BARRON’S 3

THE TECHNOLOGY SECTOR OF THE S&P 500 IN ONE ETF

Sector SPDRs allow you to invest in pieces of the S&P 500. Like Technology. While adding diversification and reducing single stock risk. These ETFs

combine the diversification of a mutual fund and the tracking of an index with transparency and liquidity.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

XLK TECHNOLOGY SECTOR SPDR ETF TOP 10 HOLDINGS*

Company Name

Apple
Symbol

AAPL
Weight

15.45%
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Nvidia NVDA 13.45%

Microsoft MSFT 12.79%
Broadcom AVGO 5.86%
Salesforce CRM 3.43%
Oracle ORCL 2.88%
Cisco Systems CSCO 2.53%
Accenture A ACN 2.36%
*Components and weightings as
of 12/31/24. Please see website for ServiceNow NOW 2.34%
daily updates. Holdings subject
Intl Business Machines IBM 2.18%
to change.

Aninvestorshouldconsiderinvestmentobjectives,risks,chargesandexpensescarefullybeforeinvesting.Toobtainaprospectus,whichcontainsthisandotherinformation,call1-866-SECTOR-ETFor
visit www.sectorspdrs.com. Read the prospectus carefully before investing.
The S&P 500, SPDRs®, and Select Sector SPDRs® are registered trademarks of Standard & Poor’s Financial Services LLC. and have been licensed for use. The stocks included in each Select Sector Index were selected by the compilation agent.
Their composition and weighting can be expected to differ to that in any similar indexes that are published by S&P. The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S.
stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. Investors cannot invest directly in an index.
The S&P 500 Index figures do not reflect any fees, expenses or taxes. Ordinary brokerage commissions apply. ETFs are considered transparent because their portfolio holdings are disclosed daily. Liquidity is characterized by a high level
of trading activity.
Select Sector SPDRs are subject to risks similar to those of stocks, including those regarding short-selling and margin account maintenance. All ETFs are subject to risk, including possible loss of principal. Funds focusing on a single sector
generally experience greater volatility. Diversification does not eliminate the risk of experiencing investment losses.
ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust.
 4 BARRON’S January 27, 2025

I N D EX
Our index lists significant companies mentioned in stories and columns, For Customer Service, call 1 (800) 544-0422, or go to
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A AbbVie . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Kilroy Realty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 Mastercard . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

Accolade . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 iShares Core S&P Mid-Cap . . . . . . . . . . . . . . . . . 8
iShares MSCI India . . . . . . . . . . . . . . . . . . . . . . . 31 KLA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 Mediobanca . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
Advanced Micro Devices . . . . . . . . . . . . . . . . . . . 13 Meta Platforms . . . . . . . . . . . . . . . . . . . . . 8,12,28,32
AerCap Holdings . . . . . . . . . . . . . . . . . . . . . . . . . . 18 iShares S&P 500 Value . . . . . . . . . . . . . . . . . . . . . 12
Kotak Mahindra Bank . . . . . . . . . . . . . . . . . . . . . 31 Mettler-Toledo International . . . . . . . . . . . . . . . 30
Affirm Holdings . . . . . . . . . . . . . . . . . . . . . . . . . . . 35
Airbus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 J J.B. Hunt Transport Services . . . . . . . . . . . . . . . 7
JBT Marel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 L Lamb Weston Holdings . . . . . . . . . . . . . . . . . . . . . 7 Microsoft . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,12,25,28
Alphabet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,32 Linde . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 Moderna . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,30
Amazon.com . . . . . . . . . . . . . . . . . . . . . . . . . . 12,32,35 JPMorgan Chase . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Lockheed Martin . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Morgan Stanley . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
American Tower . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
Americold Realty Trust . . . . . . . . . . . . . . . . . . . . 29 K KeyCorp . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
M Mahindra & Mahindra . . . . . . . . . . . . . . . . . . . . . 31 N Netflix . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,8,28,35
Amphenol . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Nike . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Apple . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,28,32 Novartis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
Applied Materials . . . . . . . . . . . . . . . . . . . . . . . . . . 21 Nuveen California Municipal Bond . . . . . . . . . 26
Arista Networks . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Nvidia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,12,25,35
Arm Holdings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
ARS Pharmaceuticals . . . . . . . . . . . . . . . . . . . . . . 15 O O-I Glass . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
ASML Holding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Oracle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,8,25,32
AstraZeneca . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
Atlas America . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 Lachlan Murdoch, Executive Chairman, News Corp P Parnassus Growth Equity . . . . . . . . . . . . . . . . . . 30
AT&T . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,29 Rupert Murdoch, Chairman Emeritus, News Corp PayPal Holdings . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Auna . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 Robert Thomson, CEO, News Corp Almar Latour, CEO, Dow Jones Pfizer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
AutoZone . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 Pinnacle Financial Partners . . . . . . . . . . . . . . . . 11
Axis Bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 EXECUTIVE VICE PRESIDENT AND GENERAL MANAGER Dan Shar Prologis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
David Cho
PTC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
B Banca Monte dei Paschi . . . . . . . . . . . . . . . . . . . . . 8 EDITOR IN CHIEF
Bank of America . . . . . . . . . . . . . . . . . . . . . . . . . 5,11 EXECUTIVE EDITOR Bob Rose SENIOR MANAGING EDITOR Lauren R. Rublin R Real Estate Select Sector SPDR . . . . . . . . . . . 29
Barrick Gold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
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Realty Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
Becton Dickinson . . . . . . . . . . . . . . . . . . . . . . . . . . 20 DEPUTY EDITORSAlex Eule, Ben Levisohn Regions Financial . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Bio-Techne . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 EDITORIAL DIRECTOR, MAGAZINE Phil Roosevelt Revvity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
Blackstone . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 EDITOR AT LARGE Andy Serwer Roper Technologies . . . . . . . . . . . . . . . . . . . . . . . . 20
Boeing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Roundhill Magnificent Seven . . . . . . . . . . . . . . . 28
Broadcom . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 MANAGING EDITORS Matt Bemer, Daren Fonda, Amey Stone, Joe Woelfel
Royal Caribbean Group . . . . . . . . . . . . . . . . . . 7,35
ASSISTANT MANAGING EDITORS Henry Cutter, Mel Gray, Mary Romano, RTX . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
C Carnival . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,12,35
Robert Sabat, Rupert Steiner (London bureau chief)
Caterpillar . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 S Salesforce . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
Chefs’ Warehouse . . . . . . . . . . . . . . . . . . . . . . . . . . 12 ASSOCIATE EDITORS Andrew Bary, Randall W. Forsyth, Jack Hough, Reshma Kapadia, Al Root Samsara . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
Chevron . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Schwartz Value Focused . . . . . . . . . . . . . . . . . . . . 8
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Citizens Financial Group . . . . . . . . . . . . . . . . . . . 11 SENIOR WRITERS Bill Alpert, Nicholas Jasinski, Tae Kim, Paul R. La Monica, Megan Leonhardt, Adam Levine,
Seagate Technology Holdings . . . . . . . . . . . . . . 35
Constellation Brands . . . . . . . . . . . . . . . . . . . . . 7,33 Joe Light, Elizabeth O’Brien, Teresa Rivas, Ian Salisbury, Avi Salzman, Laura Sanicola, Rebecca Ungarino ServiceNow . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
Crown Castle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 SoftBank Group . . . . . . . . . . . . . . . . . . . . . 5,8,25,32
REPORTERS Jacob Adelman, Janet H. Cho, Adam Clark, Emily Dattilo, Catherine Dunn, Sabrina Escobar,
George Glover, Anita Hamilton, Callum Keown, Evie Liu, Shaina Mishkin, Josh Nathan-Kazis, SPDR S&P 500 ETF Trust . . . . . . . . . . . . . . . . 29
D Danaher . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 SPDR S&P Oil & Gas Exploration & Prod . . 6
Deere . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 Angela Palumbo, Abby Schultz, Connor Smith, Jacob Sonenshine, Brian Swint,
Starbucks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
Dell Technologies . . . . . . . . . . . . . . . . . . . . . . . . . . 33 Mackenzie Tatananni, Karishma Vanjani, Andrew Welsch Sun Communities . . . . . . . . . . . . . . . . . . . . . . . . . . 29
Delta Air Lines . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Synopsys . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
DigitalBridge Group . . . . . . . . . . . . . . . . . . . . . . . 13 STORY EDITORS Ed Lin, Erin McCarthy, Liz Moyer, Patrick O’Donnell, Stacy Ozol,
Digital Realty Trust . . . . . . . . . . . . . . . . . . . . . . . 29 Ross Snel, Neal Templin, J.J. Thompson
T Tata Motors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
Direxion Daily 20 Yr Treasury Bear 3X . . . . 24 COPY DESK Michael J. Burlingham, Robert Teitelman Technology Select Sector SPDR . . . . . . . . . . . 32
Dole . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Tesla . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,28
Dollar Tree . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 IDEAS EDITOR Matt Peterson Thermo Fisher Scientific . . . . . . . . . . . . . . . . 20,30
DEPUTY DIGITAL MANAGING EDITOR Zoe Szathmary
E Enterprise Products Partners . . . . . . . . . . . . . . 16 U Uber Technologies . . . . . . . . . . . . . . . . . . . . . . . . . 14
Equinix . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 DIGITAL PRODUCERS Robert Cushing, Nick Devor, Clare McKeen
Exxon Mobil . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 V VanEck Oil Services . . . . . . . . . . . . . . . . . . . . . . . . 6
Chelsea Schiff
HEAD OF VISUALS
Verizon Communications . . . . . . . . . . . . . . . . . . . 29
F Fortive . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 ART DIRECTORS Shayanne Gal, Sue Ng, Lynne Tuttle
Visa . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
DATA GRAPHICS EDITOR Molly Cook Escobar
G Gamco Investors . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 DIRECTOR OF PHOTOGRAPHY Sarina Finkelstein PHOTO EDITORS Alis Atwell, Nicole Silver W Webster Financial . . . . . . . . . . . . . . . . . . . . . . . . . 11
GATX . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 Wells Fargo . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
GE Aerospace . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,12 RESEARCHER Dan Lam
Workday . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
GE HealthCare Technologies . . . . . . . . . . . . . . 12 STATISTICS MANAGER Michael T. Kokoszka STATISTICIAN Darren Chima
General Motors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Y YETI Holdings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
GE Vernova . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 James H. Balmer
ADVERTISING SERVICES MANAGER
NEWS editors@barrons.com STATISTICS barronsstats@barrons.com CUSTOMER SERVICE 800-544-0422 Z Zymeworks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
H HDFC Bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
Health Care Select Sector SPDR . . . . . . . . . . 30 GLOBAL HEAD, WEALTH & ASSET MANAGEMENT Jack Otter
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 January 27, 2025 BARRON’S 5

UP & D OWN WALL STREET

Don’t be surprised if the wild mood swings
continue. Investors should favor the companies
that benefit from major policy goals.

Trump Will Take

like Trump in the mix. “Anyone not as the president rolls out policy and
plugged directly into the new adminis- riffs on all things Econ, Political, and
tration will have difficulty assessing Markets,” writes Evercore ISI strate-
the macro outlook, because policy gist Julian Emanuel.

Investors on a Bumpy,
shocks are likely to be dominant here,”

I
writes Gerard MacDonell, an econo- f those moves and comments were
mist at 22V Research. an amuse-bouche, then the main
Investors got a taste of Trump’s course is still to come. They range

If Prosperous, Ride
potential impact on the market this from proposed tariffs of 10% on
past week—when he did the unex- Mexico and Canada that could arrive as
pected. On Tuesday, for instance, early as Feb. 1 to a crackdown on illegal
stocks soared after the president re- immigrants that has just begun. Some
frained from placing tariffs on China, of Trump’s goals, like the promise to
Mexico, Canada, and other U.S. trad- lower corporate tax rates to 15%, de-

S
ing partners or deporting millions of pend on congressional approval—and
ometimes the planets ing administration’s new policies, but immigrants during his first day on the that approval doesn’t seem like a sure
quite literally align. For these are the four main areas whereby job. Tech shares got a big boost on thing, given the deficit hawks in the
investors, this isn’t one those policies could impact the markets Wednesday, when Trump touted Star- Republican party and disagreements
of those times—but it and the economy,” writes Sevens Re- gate, a $500 billion joint venture be- over strategy. If the moves don’t materi-
might just work out OK port’s Tom Essaye. tween Oracle, SoftBank Group, and alize, expect the market to be very, very
anyway. Market volatility is often a reflection OpenAI to build AI infrastructure disappointed.
If you looked up into of what investors think they know. across the country. While Trump’s policies create land
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

the night sky this past week, you might BY BEN When the path ahead looks relatively By Thursday, he was helping boost mines for investors to dodge, they also
have seen a “planetary parade” as Ve- LEVISOHN certain, investors get comfortable— Bitcoin with talk of a national reserve have the potential to act as fuel for the
nus, Saturn, Jupiter, Mars, Uranus, some would even say complacent—and and accusing Bank of America CEO stock market’s rally. The market
and Neptune lined up in a way that don’t feel the need to make big changes Brian Moynihan of “debanking” con- should get a lift from Trump’s artifi-
isn’t uncommon, but also not pedes- to their positions. But when something servatives. (Its shares rose 1.3%.) He cial-intelligence policies, writes John
trian. It’s the kind of sight that inspired unexpected happens, it results in a also caused oil prices to sink after Higgins, chief markets economist at
ancient civilizations like the Babylo- mad dash to reflect the new informa- saying he would press OPEC to let Capital Economics. While the efficacy
nians and Mayans to seek omens about tion in trades and portfolios. Too many them fall to hasten the end of the war of Stargate remains to be seen, there is
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the future, both good and bad. Today, scares, and volatility rises. Between the in Ukraine, even as the S&P 500 in- little doubt that Trump intends to en-
it’s a phenomenon that might open our economy, inflation, and the Fed, inves- dex rose to a new all-time high. “The sure the U.S. remains the leader in AI.
eyes to the wonders of the universe, if tors are already dealing with plenty of intraday swings in oil (lower) and That will be good news for Big
only for a fleeting moment. known unknowns. Making sense of it stocks (higher) underscore market Tech, whose earnings should continue
If only the drivers of the financial all will be complicated with a wild card volatility accompanying Trump v2.0 to get a lift from AI spending, but also
markets were in similar sync. In the for a market on the whole as nontech
best of times, the government, mone- companies begin to see the benefits
tary policy, and the economy pull in the President Donald the new technologies provide, some-
Trump signs execu-
same direction, helping corporate prof- tive orders in the thing that could lift the entire S&P
its rise and stock valuations increase. Oval Office of the 500. “Trump’s attitude toward AI
White House this
This isn’t one of those times. The econ- past week.
reinforces our view, and we are stick-
omy, though strong, still has an infla- ing to our forecast that the index will
tion problem, one that has forced the end 2025 at 7000,” Higgins writes.
Federal Reserve to back away from It won’t be a straight line, however.
what promised to be a steady series of Over the past five weeks, investors got
rate cuts in 2025. The reelection of a preview of what the stock market
Donald Trump has introduced an ele- could look like under Trump. Two
ment of chaos that has the potential to weeks ago, the mood was bleak. Eco-
shake markets or lift them higher. nomic data was coming in too hot, in-

Jim Watson/Pool/AFP/Getty Images

The stock market, then, is left not to vestors were worrying that inflation
climb the proverbial wall of worry but was about to roar back to life, and the
to navigate a swamp of uncertainty. Fed suggested that it might have
How Trump decides to attack taxes, reached the end of its rate-cutting cycle.
tariffs, the national debt, and immigra- Trump had yet to take office, and his
tion will result in wilder gyrations than promised tariffs and deportations had
we’ve been used to during the past cou- the potential to shake investor confi-
ple of years. “Expect increased noise dence. With the market priced to per-
and volatility surrounding the incom- fection, the S&P 500 dropped 4% from
 6 BARRON’S January 27, 2025

Up & Down Wall Street (continued)

Dec. 18 through Jan. 10. approval from Congress. Manufacturing,

What a difference two weeks makes. which has seen productivity decline since
The economy remains strong—it’s ex- the financial crisis, could also get a boost if
Enhanced Equity Income pected to have grown at a 3% clip in the
fourth quarter, according to the Atlanta
it starts to close the gap with the services
economy, according to Société Générale’s
Fed’s GDPNow tool—but December’s con- Manish Kabra. He also recommends re-
ETF (NYSE: DIVP) sumer price index contained nothing to
suggest that inflation was set to reacceler-
gional banks—the “risker the better”—and
small-cap stocks, whose size makes regula-
Mutual Fund: ENHNX ate. Fed Chair Jerome Powell seems un-
likely to disrupt a good situation when the
tions feel particularly onerous.
Trump’s energy push might not be great
central bank meets on Jan. 28-29. Fourth- news for oil explorers—it could boost sup-
Separately Managed Account quarter earnings season has also started ply and lower prices—but it will be great
off strong, with companies beating esti- news for companies that benefit from in-
mates by an average of 8.7% through creased spending on production, Kabra
Thursday. No wonder the S&P 500 gained writes. For retail investors, that could mean
“We focus on delivering dividends 1.7% this past week after closing at a re- favoring the VanEck Oil Services ex-
cord high on Thursday. change-traded fund (ticker: OIH) over the
and covered-call premiums through SPDR S&P Oil & Gas Exploration &

T
he shift in mood from optimism Production ETF (XOP).
a portfolio of large-cap value, to misery and back again was The Stargate announcement is a signal
abrupt. SentimenTrader’s Jason that the AI trade should continue to pay off.
dividend-paying companies.” Goepfert noted that the ratio of Investors have been worrying companies
bullish respondents in the American Asso- will start spending less on AI infrastruc-
ciation of Individual Investors survey ture, but the announcement should be seen
plunged below 40% for the week ended Jan. as a sign that demand is very much alive
15, only the second time that has occurred and well. Nvidia should be a big benefi-
since May 2023. The S&P 500 has been ciary, says Melius analyst Ben Reitzes. He
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higher 72% of the time in the six months notes that, on the high side, Nvidia could
following such declines and 79% of the time receive more than half of the $100 billion to
Timothy Cordle in 12 months later, according to Sentimen- be spent during the first year of the pro-
Portfolio Manager Trader data. Investors were feeling much gram. He also argues that Broadcom and
better in the survey released on Jan. 23—the Arista Networks should get a boost from
percentage of bullish investors rose to the spending on networking, while Oracle
43.4% from 25.4%. could benefit as well.
But even quick recoveries in optimism “We certainly don’t have this kind of
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

have typically been followed by stock mar- spending for capex, nor have this kind of
www.cullenfunds.com ket rallies. Compare the change in the Cboe cloud revenue in our current model for buy-
Volatility index, or VIX—which reflects how rated Oracle, who is a big beneficiary,” Re-
wild the next 30 days of trading are ex- itzes writes. Oracle stock gained 14% this
212-644-1800
pected to be—to historical volatility, or the past week.
size of the swings of the previous 30 days. In a volatile world, gold also looks like a
info@cullenfunds.com On Dec. 18, the day the Fed hinted at the good bet. The precious metal has gotten a
possible end of rate cuts, the VIX surged to boost from central-bank buying as coun-
27.6 from 15.9. By Jan. 17, it had fallen to 16. tries, particularly those with adversarial
Over the same period, realized volatility relationships with the U.S., look to expand
An investor should consider the investment objectives, risks, charges and expenses ticked up just a few points. their reserves out of the dollar. But gold also
of the fund carefully before investing. To obtain a prospectus containing this and other That kind of drop in the VIX relative to benefits from a lack of fiscal discipline in
information, please visit www.cullenfunds.com or call 646-200-1800. Read the prospectus
carefully before investing. actual volatility doesn’t happen very often, the U.S. and elsewhere.
but when it does, it has historically been While the U.S. deficit hasn’t been an
Investing involves risk, including loss of principal. Each product has unique risks and investors good news for the stock market. The S&P issue yet, the continued expansion of debt-
should review and understand these risks before investing. Investing in these products may 500 has gained a median of 3.8% over the to-gross domestic product should be an-
not be suitable for all investors. There is no guarantee dividends will be paid.
following three months, 7.2% over six other tailwind. Macro Intelligence 2 Part-
Cullen Capital Management, LLC. (CCM) is an independent investment advisor registered months, and 13.5% over 12 months after ners also notes that gold’s recent slumber
under the Investment Advisers Act of 1940 and is doing business as Schafer Cullen Capital similar events since 1990. —it has dipped 0.2% since peaking on Oct.
Management, Inc. (SCCM). The Cullen Funds Trust (CFT), SCCM and CCM are affiliates. This In other words, the odds favor the bulls. 30—likely caused investors to sell in favor
information should not be used as the primary basis for any investment decision nor should Don’t be surprised if the wild mood of other assets. “With the price starting to
it be considered as advice to meet your particular investment needs.
swings continue. In this kind of environ- show signs of life again...if these sellers
The ETF is distributed by SEI Investments Distribution Co. (SIDCO). The Mutual Fund is ment, investors should continue to favor the want their positions back, they are going to
distributed by Paralel Distributors LLC (Paralel). Paralel and SIDCO and CCM are unaffiliated companies that benefit from policy goals have to chase the price,” the firm writes.
entities. that are unlikely to change. Maybe the planets have aligned after
Timothy Cordle is a registered representative of Paralel Distribution LLC. Trump’s deregulatory push could see the all. B
industries that operate under the tightest
restrictions get a boost—and it doesn’t need email: ben.levisohn@barrons.com
 January 27, 2025 BARRON’S 7

ST R E E T W I S E
A surprise is only a surprise if it comes with a big
price move. Recently, many stocks have done that,
with those beating on earnings and sales up 3.6%.

A Surprise in Earnings
progress on deliveries, with J.P. Mor- here. Adjusted net income came in at
gan predicting a 19% rise there in 2025. triple management’s guidance, for ex-
Amphenol makes connectors, sen- ample. For 2025, Carnival predicts
sors, cables, antennas, and other doo- 20% earnings growth, and says that

Surprises. We Look at
dads. On Wednesday, shares rose 7% two-thirds of business is already
when the company reported 30% booked. The company will soon open a
fourth-quarter revenue growth in U.S. private Caribbean island—something
dollars, or 20% not counting acquisi- that has paid off richly in recent years

5 Beats and 3 Misses.

tions, driven by strong demand from for rival Royal Caribbean.
data centers, commercial aviation, and There have been some earnings
industrial customers. Truist Securities flops. Wild swings in consumer de-
analyst William Stein wrote that he mand around the Covid-19 pandemic
needed to “get out the magnifying left the freight industry in a long
glass” to find weak points; they were slump. On Jan. 16, trucker J.B. Hunt

I
largely in Europe. Transport Services missed earnings
t’s too late for an earnings sea- Recently, many companies have deliv- Netflix was the talk of Wall Street estimates and gave rare guidance that
son preview, and way too early ered just that. on Tuesday, reporting record fourth- was well short of expectations. Shares
for a review, so consider this a In cases where companies have quarter subscriber growth, sending its fell 7%. Susquehanna Financial ana-
prereview: The numbers look beaten both earnings and sales esti- shares up 10% the next day. Growth lyst Bascome Majors, who is bullish
good. Maybe even surprisingly mates, their shares have gained an initiatives include advertising, cloud on the stock, wrote that the outlook
good—and that’s not a word I average of 3.6% in response—more gaming, and live events. The com- “could come close to clearing the decks
throw around willy-nilly. than usual. Misses are getting pun- pany’s advantages over legacy media after a facing off versus optimistic
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The classic definition of an upside BY JACK ished more than normal, too. look likely to grow from here. At a time ‘the recovery’s just around the corner’
earnings surprise is when a company HOUGH Overall growth is solid. The when rivals are cutting costs, Netflix forecasts.”
beats Wall Street’s consensus estimate. blended fourth-quarter growth esti- plans to increase content spending in On Jan. 10, brewer Constellation
But in recent years that has happened mate for the S&P 500—actual results 2025 by $1 billion, to $18 billion, and Brands reported an earnings shortfall
around three-quarters of the time. plus remaining estimates—has been still turn out about $8 billion in free that sent its shares 17% lower. The
Most of these “surprises” reflect com- nudging higher, thanks to widespread cash flow, up from $6.9 billion. company, which distributes Corona
panies and analysts carefully manag- and large upside surprises, and is Evercore ISI calls the recent mix of and Modelo in the U.S., has been a rare
ing investor expectations to beatable approaching 13%. With the index earnings beating estimates “surpris- grower among big beer brands, and its
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

levels, not business results wowing. trading at 25 times earnings, peppy ingly broad.” Big banks mostly thrived stock has traded at a premium to the
That’s reflected in stock reactions. growth seems like a box that needs to during the fourth quarter on higher group, so high expectations might have
Over the past five years, in cases be checked right now, and so far, com- interest rates and rising fees on invest- played a role. On the earnings call,
where companies beat both earnings panies are checking it. ment deals. Blowout results for Delta management dismissed concerns that a
and sales estimates, their shares rose Let’s run through a handful of re- Air Lines came from both leisure and broad, downward trend in alcohol con-
in response by an average of less than cent earnings thrills and spills. GE corporate travelers, with momentum sumption is hurting business. Two
1%. And it’s unlikely that investors are Aerospace on Thursday gained 7% picking up throughout the fourth analysts downgraded the stock.
underreacting. There used to be a after reporting a 16% rise in revenue, quarter; November and December had The biggest miss of late came from
trading phenomenon referred to as excluding results from a legacy insur- four of the top 10 revenue days in Lamb Weston, which makes french
post-earnings-announcement drift, or ance business that the company is run- company history. fries. Back on Dec. 19, it missed Wall
PEAD, first documented in the 1960s. ning off. Orders jumped 46% and earn- Carnival has an odd fiscal year that Street sales and profit estimates by
After upside earnings surprises, ings per share more than doubled. GE runs through November, so it reported large margins, sending shares down
stocks would tend to continue beating has more demand for its LEAP engines results in late December, but they were 20%. The company replaced its CEO
the market for many months. But than it can handle, and there has been strong enough to warrant calling out with its former COO. Activist investor
PEAD has vanished as upside sur- Jana Partners called the financial re-
prises have turned ordinary. sults “disastrous” and the manage-
Just over a decade ago, a study ment change to another insider “a
found that the combination of earn- BARRONS.COM/PODCASTS stick in the eye.” Lamb said on the
ings surprises and immediate price earnings call that hamburger chain
jumps was a solid predictor of hand-
some returns over the following
months. Ordinary investors would
Barron’s Streetwise traffic dipped during the quarter.
Asked if obesity drugs were playing a
role, management said it wasn’t seeing
find it difficult to turn that into a buy- In a weekly podcast by Barron’s, columnist Jack Hough looks that. It blamed inflation, and promo-
ing strategy, and algorithmic traders at the companies, people, and trends you should be watching. tional deals that include small-size
might have already exploited it into This is Wall Street like you’ve never heard before. Subscribe fries. Too many customers, it said, are
oblivion. But I take the finding to to Barron’s Streetwise on Spotify, Apple Podcasts, trading down from medium. B
mean that a surprise is only a sur- or your favorite listening app.
prise if it comes with a big price move. email: jack.hough@barrons.com
 8 BARRON’S January 27, 2025

R E VIEW & PREVIEW 44,424.25 654.78

Sign up for the Review &
Preview daily newsletter at
barrons.com/reviewpreview.
Dow Industrials: + 936.42 Dow Global Index: + 12.82

LAST WEEK TH IS WEEK

Markets: The Trump inauguration Monday 1/27

moved inside the Capitol with Wash-
ington gripped by cold. A ceasefire A crowded earnings calendar is
began in Gaza, with the first hostage headlined by Big Tech reporting
and prisoner exchanges. President midweek. AT&T announces quar-
Trump, who the weekend before terly results on Monday, followed by
launched his own meme coin (followed General Motors, Lockheed Martin,
by the first lady) that sent crypto fall- RTX, and Starbucks on Tuesday.
ing, signed executive orders, including ASML Holding, Meta Platforms,
a 75-day TikTok reprieve, tariff threats, Microsoft, and Tesla release earn-
pardons for Jan. 6 participants, ending ings on Wednesday, while Apple,
AI regulation, demanding lower prices, Caterpillar, Mastercard, and Visa
and sending troops to the Mexican follow suit on Thursday. AbbVie,
border. The dollar fell, then rebounded. Chevron, Exxon Mobil, and Novar-
Markets rose after the MLK break. The tis close out the week on Friday.
S&P 500 hit its first record high of
2025 on Thursday; shares fell on Fri-
day. On the week, the Dow industrials Wednesday 1/29

Mid-Capsin
Laggard to Leader? rose 2.2%, and the S&P 500 and Nas-
Mid-caps have fallen behind over the daq Composite gained 1.7%. The Federal Open Market Commit-
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last few years against tech-driven tee announces its monetary-policy

large-caps. Companies: Apple fourth-quarter decision. The FOMC is widely ex-

ASweetSpot S&P 500 Index

iShares Core S&P Mid-Cap ETF

100%
iPhone sales fell 18% in China. Trump
presided over the announcement of a
$500 billion AI infrastructure venture
led by OpenAI, SoftBank Group,
pected to keep the federal-funds rate
unchanged at 4.25% to 4.5%. With the
economy and labor market still resil-
ient, and inflation stubbornly above the
With uncertainty over interest rates and stock val- Oracle, and UAE-based MGX called Federal Reserve’s 2% target, the central
uations, 2025 could be the year of the market’s 50 Stargate; Elon Musk scoffed at the bank is in wait-and-see mode as it
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

forgotten middle child: mid-cap stocks. While mid- plan. The Financial Times reported assesses incoming economic data.
caps don’t get much attention, the sector—compa- that TikTok parent ByteDance would
nies with market values between $2 billion and 0 spend $12 billion on AI infrastructure
$10 billion—may be in the sweet spot. this year. Moderna received $590 mil- Friday 1/31
The large-cap S&P 500 index trades at nearly 22 lion in federal funds to develop a bird-
times 2025 earnings, near a 20-year high; the -50 flu vaccine. Netflix added 19 million The Bureau of Economic Analysis
iShares Core S&P Mid-Cap exchange-traded fund 2020 '25 subscribers in the fourth quarter. releases the personal consumption
at 16 times. Analysts forecast 13% 2025 earnings- Source: FactSet expenditures price index for Decem-
per-share growth for the ETF to the S&P 500’s 14%. Deals: Saudi Arabia’s investment ber. Economists forecast a 2.5% year-
It’s “mid-cap’s time to shine,” wrote BofA Securities mining fund is set to buy 10% to 20% over-increase, one-tenth of a percent-
recently, noting that mid-caps, with comparatively Time to Shine of Barrick Gold’s $9 billion Pakistan age point more than in November.
strong balance sheets, should weather rising rates Two mid-cap stocks, Yeti and Dole, copper-gold mine Reko Diq, from the The core PCE index, which excludes
better than alternatives like small-caps. J.P. Morgan have struggled over the past few Pakistani government….Italian bank volatile food and energy prices, is
saw President Trump’s tariffs lifting domestically years. Analysts are hopeful for 2025. Monte dei Paschi made a $13.9 bil- expected to rise 2.8%, matching the
focused companies, advantaging small- and mid- YETI Holdings Dole lion offer for rival Mediobanca. November figure.
cap stocks relative to multinationals.
One stock highlighted by J.P. Morgan is fruit 200%
company Dole, which trades at nine times 2025
earnings and, FactSet says, should grow earnings by THE NUMBERS
some 15% this year. JPM cites the stock’s 12% free- 100
cash-flow yield and “rapidly deleveraging balance
sheet.” Timothy Schwartz, co-manager of the $1.5 T $4.15 $30 B $1.8 T
Illustration by Elias Stein

0
Schwartz Value Focused fund—Morningstar’s top Global net inflows The average retail Redemptions made Amount of fees
mid-cap blend fund in 2024, with a 39% return— of exchange- price of a dozen from climate-fo- hedge funds
likes mid-cap outdoor-products maker Yeti Hold- traded funds in large eggs in De- cused mutual charged investors
-100
ings, which had a big run after going public in 2018, 2024, beating the cember, up 14% funds last year, since the industry
2020 '25
then struggled. At 13 times 2025 earnings, it’s “over- previous high in from November, ending four years began, 49% of
looked by the market,” he says. — Ian Salisbury Source: FactSet 2021 of $1.2 trillion. 37% for the year. of increases. total gains.
 January 27, 2025 BARRON’S * 9

F
or both bondholders and
borrowers, the pain of

High Interest
higher interest rates may
Rising rates would be bad have only begun.
news for bondholders and President Donald
Trump will have to decide if he wants

Rates Loom
borrowers of all stripes,
to be part of the problem—or part of
particularly the U.S. the solution. Many of the political
government. They cast a promises that got him elected, includ-
shadow over stocks, too. ing tariffs, tax cuts, and heavy govern-

Large
ment spending, could push interest
rates higher.
BY RANDALL W. FORSYTH The bond market has gone through
one of its most wrenching periods in
history, capped by plummeting prices
late last year and in early January. be
Housing has suffered a double
whammy as new homes have become
unaffordable for many buyers facing
7% interest rates on mortgages, which
take their cue from bonds. And pro-
spective sellers are frozen in place
rather than trading their old 3% loans
for much costlier ones.
The U.S. Treasury, the world’s big-
gest borrower, has felt the pressure of
higher bond yields most acutely. Af-
ter running budget deficits previ-
ously only seen during wars or reces-
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sions, the U.S. government’s total

debt has grown larger than the U.S.
economy. When it could borrow at
rates under 1%, this debt appeared
manageable. At current borrowing
costs, the government’s interest tab is
the fastest-growing part of its budget,
surpassing defense expenditures in
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2024.
To bond investors, who are Uncle
Sam’s lenders, this burgeoning debt
points to still higher interest yields
and lower bond prices in the years
ahead. That growth is driven by on-
going deficits totaling 6% of gross
domestic product, which in turn are
boosted by surging interest expense
on existing and new debt.
High rates are hammering borrow-
ers. Lower-quality companies, espe-
cially those that rely on bank loans
and private credit, are seeing in-
creased credit stress. Commercial
real estate is in a tightening vise as
old, low-cost loans have to be refi-
nanced at higher rates while sectors
NYSE Group/Sipa USA/Alamy Live News

such as office buildings remain de-

pressed.
Then there’s the stock market.
Equities will suffer if bond yields
Donald Trump rang keep heading higher. Late last year
the opening bell at
the New York Stock
and into early January, stocks stum-
.Exchange on Dec. bled as the yield on the benchmark
12. Scott Bessent, 10-year Treasury note shot up from
Trump’s nominee for
Treasury secretary, 3.6% to 4.8%. Then equities rallied as
is to the far right. the Treasury yield fell back by a quar-
 10 ** BARRON’S January 27, 2025

ter of a point on better-than-expected over four decades, starting in 1980, quidity, known as quantitative easing. the $6.75 trillion in federal spending
inflation news. The S&P 500 index hit with staunchly anti-inflationary mon- That bond buying accommodated def- went for Medicare, Medicaid, and So-
another record this past week. etary policies, smaller government icit spending by governments while cial Security; while 13% went for inter-
Interest rates are also front and cen- and deregulation, and broad globaliza- lifting asset prices. est on the national debt, and about the
ter for President Trump. In a Thursday tion that saw the fall of the Soviet At the same time, Hartnett says, same amount for defense expenditures.
video address to the World Economic Union, China’s emergence in the populism took hold internationally, Discretionary nondefense spending,
Forum in Davos, Switzerland, Trump world economy, and the North Ameri- culminating with Donald Trump’s first the likely target for cuts, accounted for
said he would “demand that interest can Free Trade Agreement, or Nafta, presidential victory in 2016 and his only 13% of expenditures.
rates drop immediately,” in a public Hartnett says. reelection last year. Fiscal policies The Congressional Budget Office
signal to the Federal Reserve. After the financial crisis, that free- turned to “extreme excess,” with the projects the deficit to total 6.2% of
The problem is that the bond mar- market orthodoxy was flipped, with U.S. budget deficit exceeding 6% of GDP in 2025, shrink to 5.2% by 2027,
ket may not follow the central bank’s interventionist fiscal and monetary GDP in fiscal 2024. At $36 trillion, the then climb again to 6.1% by 2033.
lead this time. When the Fed cut its policies. Central banks drove policy national debt exceeds the size of the “Since the Great Depression, deficits
federal-funds target by 100 basis rates to zero (or below, in Europe and U.S. economy. have exceeded that level only during
points late last year, the 10-year Trea- Japan), which was augmented by mas- All this makes one wonder what- and shortly after World War II, the
sury yield did the exact opposite, ris- sive purchases of bonds to inject li- ever happened to the “bond vigilan- 2007-09 financial crisis, and the coro-
ing to its recent peak. tes” of a previous era, says Martin navirus pandemic,” the CBO said.
Regardless of Trump’s dictates to Barnes, a former chief economist at The CBO’s outlook embodies opti-
the Fed, the bond market “is likely to Debt Nation BCA Research. In the 1980s and mistic assumptions. It assumes no
price in more uncertainty because of The yield on the 10-year Treasury note jumped recently 1990s, these bond investors would recessions in the coming decade. It is
the inherent contradictions among amid fears of inflation. rebel when fiscal and monetary poli- based on current law, notably the
many of Trump’s policies, the volatil- 17.5% cies diverged from practices that had expiration of the Tax Cuts and Jobs
ity around their application (for exam- brought interest rates down from the Act of 2017, the signature tax mea-
ple tariffs), and still-too-large budget stagflationary 1970s. They would sure of the first Trump administra-
15.0
deficits,” writes Steven Blitz, chief U.S. drive bond prices down and yields up. tion. Renewal of the tax law, a major
economist of TS Lombard. objective of Trump’s, would add

S
Blitz thinks 10-year Treasury yields 12.5 ome hint of the vigilantes about another $4 trillion to the debt
could climb to 6%, a level not seen came with the abnormal rise over the next decade. And that is be-
since mid-2000. That is especially 10.0 in bond yields after the Fed fore adding goodies like exempting
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true if the Fed ends its rate cuts and cut last year. Sylla sees that tips and taxes from overtime pay, as
lifts the fed-funds rate to 5% to 5.25% as reaction to easing monetary policy he promised on the campaign trail.
7.5
in two years, from the current target while inflation still ran close to 3%, No one knows how much tariffs
range of 4.25% to 4.5%. above the central bank’s 2% target. will offset the shortfall at this point.
A 6% Treasury yield could translate 5.0 Eventually, Barnes expects bond The CBO also assumes bond yields
into a 7% yield on corporate bonds. vigilantes to return, forcing the gov- will be lower over the course of the
“This yield level can be problematic for 2.5
ernment to pay a fiscal risk premium. next decade. It forecasts a 4% average
the equity market,” Blitz concludes. It’s unknown when they will exact 10-year Treasury yield for 2025, fall-
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

“Institutional equity market investors that price. He notes that economists ing to 3.9% in 2026-29, then 3.8% for
0
will likely reassess allocations, and 7% Carmen Reinhart and Kenneth Rog- 2030-35.
yields could accelerate the natural bias 1965 '70 '75 '80 '85 '90 '95 '00 '05 '10 '15 '20 off posited after the financial crisis Some form of fiscal discipline may
for a net outflow from the equity mar- that a debt-to-GDP ratio of 90% be the path to fiscal sustainability. The
Source: Bloomberg
ket among aging baby boomers.” The would cause economic problems. Yet key is for interest rates to be lower
current near-5% Treasury yields only U.S. total government debt exceeds than the growth of nominal GDP. The
Government debt has soared as a percentage of GDP.
look high compared with the 1.5% to 120% of GDP and hasn’t set off alarm federal debt was pared from a peak of
That could push bond yields up still further.
2.5% yields levels that prevailed in the bells. 106% of GDP in 1946 after World War
decade following the financial crisis of 140% Hartnett thinks the new adminis- II to just 23% by 1974, in large part
2008-09, notes Richard Sylla, who tration could surprise with its spend- because of the strong growth in post-
literally wrote the book on the subject, 120 ing curbs. He sees both a “devilish war America but also because rates
A History of Interest Rates. Trump and an angelic Trump,” with were suppressed artificially.
One of the lessons of this history is the latter slowing the deficit’s path. More likely, interest rates will stay
100
that long-term interest-rate cycles Treasury Secretary-designate Scott high. Bond investors are apt to de-
typically run for 20 to 40 years, Sylla Bessent has set an ambitious “3-3-3” mand a higher yield premium to com-
tells Barron’s. Yields bottomed 80 plan, consisting of halving the deficit pensate for the risk of persistent defi-
around 0.3% during the Covid-19 Shaded to 3% of GDP, real economic growth cits, and the resulting inflation they
area is
market panic of March 2020, says 60 projection of 3% annually, and boosting U.S. could produce. The big warning flag
Michael Hartnett, chief investment domestic oil production by three mil- for BofA’s Hartnett would be investors
strategist at BofA Global Re- lion barrels a day. But BTIG Wash- fleeing both Treasuries and the U.S.
40
search. Although Hartnett predicts ington analyst Isaac Boltansky is dollar in a global vote of no-confi-
that bond and stock markets will skeptical, saying “deficit hawks are dence in America.
rally later this year as the 10-year 20 the most endangered species in Nobody knows if, or when, that
yield dips under 4%, he sees rising Washington.” so-called riot point comes. But it is the
bond yields as the No. 1 long-term 0 The Department of Government major long-term risk facing investors
risk faced by investors. 1965 '70 '75 '80 '85 '90 '95 '00 '05 '10 '15 '20 '25 '30 '35
Efficiency, or DOGE, led by Elon Musk in both bonds and stocks, with major
Until the post-Covid updraft, yields is unlikely to make a dent in the deficit. consequences for anybody needing to
had been tumbling. Interest rates fell Source: Congressional Budget Office Consider that in 2024 almost 60% of borrow money. B
 January 27, 2025 BARRON’S 11

This Trend
most other banks, more a hope than
a reality. Terry Turner, the CEO of
Nashville-based Pinnacle Financial
Partners, said the primary growth

Could Spell driver for his firm, which has $53

billion in assets and caters to markets
in the Southeast, would be revved-up

Trouble for loan requests in response to an im-

proving economic picture.
“Essentially, all our loan growth

Bank Stocks
came from new revenue-producer
hires, which is just another way of
saying it’s all market share move-
ment,” Turner said on Pinnacle’s
earnings call on Wednesday. “To the
extent you really get a pickup in eco-
Shares of U.S. financial institutions nomic loan demand, I think that’s
have rallied since the start of your opportunity for upside.”
earnings season, but lack of loan Further north, CEO John Ciulla
of Stamford, Conn.–based Webster
demand could pose a problem. Financial said he anticipates mid-
single digit loan growth and is hop-
ing for more. He said on Webster’s
earnings call on Jan. 17 that the
BY REBECCA UNGARINO bank would prioritize using its ex-

N
cess capital to fund loan growth if
ew loans are a bank’s life- loan demand were to pick up.
blood, but investors seem Investor focus on borrower activity
willing to look through levels was magnified on Tuesday,
Investor focus on
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sluggish loan growth this pays back to customers. NII is a borrower activity Fargo, weak loan demand led to when KeyCorp reported guidance
earnings season. That significant, closely tracked bank levels was magnified declines across assets such as auto that disappointed investors. The bank
might not stay the case revenue source. on Tuesday, when loans, which even credit-card bal- forecast that average loan balances
KeyCorp reported
if demand doesn’t pick Investors are aware of the need to guidance that disap- ance growth didn’t offset. Commer- would drop 2% to 5% this year, while
up soon. boost lending. A recent Morgan Stan- pointed investors. cial clients’ demand for loans was NII would rise 20%, falling short of
Most of the largest banks have ley survey of 201 institutional inves- also subdued. expectations, notes Raymond James
reported earnings, and on the sur- tors suggests the issue is top of mind. “As you look at the consumer side analyst David Long.
face, it has been a success. On the Loan growth drew the largest share of the picture, mortgages will likely KeyCorp shares fell 3.6% for their
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

first day of big bank earnings in mid- of votes as the top mid-cap bank continue to decline slightly, given the worst day in a month. The bank said
January, the KBW Nasdaq Bank In- stock driver in 2025. For large lend- rate environment we’re in,” Wells that “tepid client loan demand” drove
dex notched its largest gain since the ers, it was viewed as the second-most Fargo Chief Financial Officer Michael loans down 8% from a year ago,
day after the presidential election. Of effective driver, behind interest rates, Santomassimo told analysts earlier though CEO Chris Gorman told ana-
the first 17 financials to report, just more important than even the much- this month. “We did see a little bit of lysts that he was “confident in our
one failed to beat estimates, accord- hyped prospect of revived mergers incremental refinance activity in the ability to drive commercial loan
ing to LSEG IBES. and acquisitions. fourth quarter….But now, with rates growth this year.”
One area of caution has been loan Yet loan growth has been, for the back up, that seems to be back down Some confidence is warranted. That
growth, which can only be described as most part, disappointing. At Wells again.” Still, the stock gained 6.7% banks can beat earnings forecasts de-
sluggish. According to Morgan Stan- after the release as earnings topped spite slower loan growth is an impres-
ley analyst Betsy Graseck, a basket of expectations despite a 7% drop in sive indication of a healthy economy,
25 banks, including Wells Fargo, JP- Earning Up NII from the year prior. strong consumer spending, and active
Morgan Chase, Citizens Financial Banks are beating earnings expectations, but there’s some capital markets. Investors are also hop-

N
Group, and Regions Financial, have concern beneath the surface. ot every bank reported slug- ing that changes yet to be initiated by
reported a median increase in loan 1-Day gish growth. Bank of Amer- President Donald Trump will reduce
growth of 1.13% from a year ago. While Recent Q4 2024 Postearnings ica, the second-largest U.S. the regulatory burden that banks oper-
Bank / Ticker Price EPS Surprise Price Change
Graseck sees large-cap banks’ 2025 lender, stood out for its loan ate under, boost mergers and acquisi-
Bank of America / BAC $45.79 6.6% -1.0%
loan growth rising to 2.6%, that re- book. The bank said consumer loans tions, and accelerate economic growth.
mains below 2023’s 3.7%. Citigroup / C 81.69 11.4 6.5 grew across the board from the prior That optimism has helped offset con-
Consumer and commercial loans JPMorgan Chase / JPM 262.84 17.3 2.0 quarter, and on the commercial side, cerns about the prospect that fewer
are helpful as a mirror of economic KeyCorp / KEY 17.30 17.3 -3.6 loan demand grew 5% from a year Federal Reserve interest-rate cuts may
health, as well as borrowers’ confi- PNC Financial Services Group /
earlier. That was a “much faster an- eat into banks’ profits.
dence, willingness, and ability to take 196.30 17.4 -1.9 nualized pace” in the fourth quarter Still, bank stocks reflect a lot of
PNC
Kim Raff/Bloomberg

on debt. They are also integral to Truist Financial / TFC 47.01 3.6 5.9
than the third quarter, BofA CEO good news already, and much is rid-
banks’ bottom lines and feed into net Brian Moynihan told analysts on the ing on Trump instituting the policy
U.S. Bancorp / USB 48.63 1.7 -5.6
interest income, or NII—the differ- earnings call. mix that bankers are looking for. But
ence between what the bank makes Wells Fargo / WFC 77.54 5.3 6.7 But for now, the “upside risk” of if loan growth can’t recover, the bank
on interest payments and what it Source: Bloomberg greater loan demand appears, for rally could be short-lived. B
 12 BARRON’S January 27, 2025

phase of its breakup, and we recog-

nized that the remaining two compa-
nies—GE Aerospace and GE Ver-
nova—would be worth more as
separate entities. We recommended
buying the stock before the split and
holding both pieces when the split
occurred in April 2024. Our thesis:
The two companies would be worth
more apart than together. Both have
thrived.
GE Aerospace, which makes jet
engines for Boeing and Airbus as
well as providing parts and services
for existing units, has gained 60%
since we picked it in March, benefiting
from increased travel spending and
intense demand for parts and mainte-
nance. Vernova was the real surprise.
Initially considered the least attractive
of the three GE pieces—GE Health-
Care Technologies being the third—
the stock has more than tripled amid
growing energy demand from artifi-
cial intelligence. The two companies
finished the year worth a combined
$271 billion, up about $100 billion
from when we made our call.
Barron’s contrarian streak can also
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lead us to stocks that look like any-

thing but a value. That was the case
with Vertiv Holdings, the $57 billion
maker of cooling and power equip-
ment for data centers, whose stock
trades for 41 times earnings. The
stock tumbled 14% after a disap-
pointing earnings report in August
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

suggested that sales growth was

Our Stock Picks Had

While our overall report card is disappointing, our about to decelerate amid concerns
best picks revealed our strength in digging into that Big Tech might reduce its invest-
complicated situations. ments in AI and data centers. That
provided a perfect buying opportu-

A Tough Year
nity for Vertiv. Instead of pulling
back, companies like Amazon and
BY JACOB SONENSHINE
Microsoft are spending rapidly to
support AI—and Vertiv is expected to
benefit. Analysts have lifted 2025
sales estimates by a few hundred

Y
million to $9.2 billion, and earnings-
ou can’t will ’em all—but them—trounced the major indexes. was particularly problematic for Bar- per-share expectations by 10%.
we still can’t help but be Part of the problem was how diffi- ron’s, which tends to be value-oriented Shares are up 86% since we recom-
disappointed with how cult it was to find winning stocks. As and contrarian in stock-picking. Nei- mended the stock in August.
Barron’s stock picks per- in 2023, a handful of Big Tech compa- ther paid off in 2024. The Invesco

A
formed in 2024. nies—including Nvidia, Ama- S&P 500 Momentum exchange- s value investors, we enjoy
There’s no sugarcoating zon.com, and Meta Platforms— traded fund gained 46% in 2024, a nothing more than finding
it. Last year, Barron’s picks soared, helping the S&P 500 index sign that past winners continued to value in out-of-favor sectors.
gained 1.8% on average from when gain 23% in 2024. Unfortunately, just outperform, while the iShares S&P Wells Fargo, which gained
they were published through the end 142 stocks in the S&P 500, or less 500 Value ETF rose just 12%, as 40% since we recommended it in

Illustration by Ryan Olbrysh

of 2024, underperforming their than a third, outperformed the index, cheap stocks once again lagged behind early October, fits the bill. While the
benchmarks by 7.1 percentage points. reducing the odds of picking winners their more expensive growth counter- banking sector got a boost from Don-
It’s not the kind of performance we outside the Magnificent Seven. The parts. ald Trump’s victory, Wells has also
expect, especially in such a strong equal-weighted S&P 500, a better Our best picks revealed our outperformed as it takes steps to get
year for the stock market, even if some gauge of the average stock, rose just strength in digging into complicated out from under an asset cap imposed
of our picks—Carnival, Chefs’ Ware- 11%. situations. At the beginning of 2024, as punishment for fraudulently creat-
house, and PayPal Holdings among The outsize importance of Big Tech General Electric was entering the last ing accounts. In September, the bank
 January 27, 2025 BARRON’S 13

filed an analysis of its overhaul of risk panies’ equity or debt through various Publication Pre-Story 12/31/24 Total Benchmark
and control processes to the Federal types of investment vehicles. Our the- Company / Ticker Date Price Price Return Return
Reserve. The stock now reflects a lift sis was that recent changes, including Chipotle Mexican Grill / CMG 7/31 $54.32 $60.30 11.0% 7.1%
to earnings on the expectation that the debt reduction and a greater focus on
cap will indeed be lifted this year. asset management fees, would help WD-40 / WDFC 5/30 224.43 242.68 8.9 10.4
We expect to beat the market every close the valuation gap with large Honeywell International / HON 6/27 213.43 225.89 6.9 8.1
year, and we try to understand where peers such as Blackstone. That didn’t
Simply Good Foods / SMPL 11/14 36.47 38.98 6.9 -5.7
we went wrong when we don’t. In the happen. DigitalBridge’s revenue badly
case of Nike, which dropped 25% af- missed expectations several times last Lockheed Martin / LMT 6/6 465.23 485.94 5.7 10.7
ter we recommended it in June, we year, and while the company blamed it BP / BP 1/19 33.85 35.10 3.7 23.1
underestimated the damage that had on timing, the market needs more
been done to a good brand. While the convincing. After watching it drop L3Harris Technologies / LHX 2/15 210.18 210.28 2.1 19.0
company’s problems were known, we 45% after our pick, so do we. Schneider Electric / SU.France4 10/24 €240.10 €240.90 0.3 1.7
bet that the Summer Olympics, with

I
Ferrari / RACE 11/27 431.70 424.84 -1.6 -2.2
its new products and ads, would reig- n some cases, we just weren’t con-
nite sales growth. That didn’t hap- trarian enough. When we picked Domino’s Pizza / DPZ 12/24 426.54 419.76 -1.6 -1.5
pen—Nike’s bet on break dancing ap- Advanced Micro Devices, we SLB / SLB 9/13 39.96 38.34 -3.4 4.9
pears tragically misplaced—and the argued that it was an undervalued
company experienced year-over-year AI chip play. The numbers hadn’t sup- Caterpillar / CAT 9/26 378.25 362.76 -3.7 3.1
sales declines in the second and third ported the thesis yet, but we figured it Everest Group / EG 8/22 382.17 362.46 -4.2 6.1
quarters. was just a matter of time before those
Gap / GAP 12/3 25.79 23.63 -8.4 -2.7
Today, the brand remains out of sales started to accelerate. It took too
favor with consumers, who have long and was too little—AMD finally Thales / HO.France(4) 5/2 €157.95 €138.65 -10.3 18.3
turned to upstarts like On and Hoka. raised its AI chip guidance to $5 bil- Hershey / HSY 3/28 193.71 169.35 -10.7 13.2
Maybe new CEO Elliott Hill will get lion from $4.5 billion, but even that
the turnaround started in 2025, but it was below the $8 billion guidance at United Parcel Service / UPS 3/1 148.06 126.10 -11.7 15.8
will take more than a “just do it” atti- the start of the year. Like 80% of Wall Adobe / ADBE 9/19 508.13 444.68 -12.5 5.0
tude. Street, we believed that AMD could be
ON Semiconductor / ON 11/7 72.27 63.05 -12.8 -0.6
DigitalBridge Group was a case a big player in AI chips. Instead, the
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of confusing a good story with a good stock dropped 25% from the day of Alibaba Group Holding / BABA 10/31 98.70 84.79 -14.1 1.4
stock. The asset manager, which our pick and we’re still waiting. United States Steel / X 4/17 40.30 33.99 -15.3 17.5
sports a $2.1 billion market value and We won some and lost some—and
manages $88 billion, invests in cut- we’ll be back at it in 2025. May it be a Mondelez International / MDLZ 2/8 74.62 59.73 -17.8 19.2
ting-edge digital infrastructure com- better year for stockpickers every- Timken / TKR 4/10 88.49 71.37 -18.3 5.0
panies and real estate by buying com- where.
Celsius Holdings / CELH 9/5 32.39 26.34 -18.7 4.5

D.R. Horton / DHI 8/15 174.21 139.82 -19.5 8.4

For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Bullish Stock Picks Nike / NKE 6/20 95.57 75.67 -20.1 8.2

Publication Pre-Story 12/31/24 Total Benchmark Bright Horizon Family Solutions / BFAM 8/30 139.07 110.85 -20.3 2.3
Company / Ticker Date Price Price Return Return
Ford Motor / F 7/5 12.87 9.90 -20.8 6.9
Carnival / CCL 4/4 $15.34 $24.92 62.5% 14.0%
Nestle / NSRGY 5/17 105.47 81.70 -22.5 11.9
GE Aerospace / GE1 3/1 156.89 166.79 59.52 16.7
Nu Holdings / NU 10/11 13.43 10.36 -22.9 2.0
Chef’s Warehouse / CHEF 2/2 33.05 49.32 49.2 15.1
Albemarle / ALB 4/24 114.21 86.08 -23.7 17.1
Vertiv Holdings / VRT 8/28 80.21 113.61 41.7 5.0
Fomento Economico Mexicano / FMX 7/18 117.60 85.49 -26.6 5.8
Casey’s General Stores / CASY 1/11 282.98 396.23 40.8 15.7
Advanced Micro Devices / AMD 5/23 165.52 120.79 -27.0 11.7
PayPal Holdings / PYPL 3/14 62.45 85.35 36.7 15.1
DigitalBridge Group / DBRG 2/16 20.55 11.28 -45.0 10.8
3M / MMM 5/10 97.33 129.09 35.0 13.8
Bloomin’ Brands / BLMN 2/23 27.37 12.21 -53.2 11.9
Expand Energy / EXE3 1/26 77.35 99.55 32.4 21.7
AVERAGE 1.8% 8.9%
Wells Fargo / WFC 10/1 56.49 70.24 25.1 2.4

Expedia Group / EXPE 10/17 150.84 186.33 23.5 0.9

Bearish Stock Picks
Anglo American / NGLOY 3/22 12.21 14.75 22.6 13.5
Publication Pre-Story 12/31/24 Total Benchmark
ResMed / RMD 7/11 192.23 228.69 19.4 5.0 Company / Ticker Date Price Price Return Return

Starbucks / SBUX 6/14 80.24 91.25 15.1 9.0 MicroStrategy / MSTR 12/6 $395.01 $289.62 -26.7% -3.4%

Airbnb / ABNB 8/8 114.64 131.41 14.6 10.7 Costco Wholesale / COST 12/20 954.80 916.27 -4.0 0.3

Alphabet / GOOGL 11/22 167.63 189.30 13.1 -1.0 1

Barron’s recommended General Electric, which subsequently split into GE Aerospace (GE) and GE Vernova (GEV) on April 2.
Shareholders received one share of GE Aerospace for each share of Generical Electric held and one share GE Vernova for every four
Parker-Hannifin / PH 8/8 568.08 636.03 12.5 11.2 shares of General Electric owned.2Total return includes GE Aerospace and GE Vernova price appreciations and dividends. 3Barron’s
recommened Chesapapeake Energy, which merged with Southwestern Energy in October. The new company, Expand Energy,
MercadoLibre / MELI 3/6 1,527.29 1,700.44 11.3 17.1 changed its ticker from CHK to EXE. 4Total return in local currency.
 14 BARRON’S January 27, 2025

the 2025 barron's roundtable part Iii

Our final four

P
People, products, profits, prices.
In a market whipsawed by global

panelists highlight events, economic upheaval, and pol-

icy inflections, successful equity in-
good companies that vestors stay laser-focused on what
makes companies run and their stock
keep getting better. prices rally.
That is true of all the stockpickers
on the Barron’s Roundtable, but espe-
BY LAUREN R. RUBLIN cially so of the four featured in this
week’s third and final 2025 Roundtable
installment: Eagle Capital Partners’
Meryl Witmer, TD Epoch’s William
Priest, T. Rowe Price’s David Giroux,
and Todd Ahlsten, chief investment
officer at Parnassus Investments.
It would be hard to find a more
analytical quartet. Meryl, David, Bill,
and Todd study their companies’ cor-
porate leaders, and understand their
products. They work the math be-
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hind margin expansion and prospec-

tive profit growth, and trace the im-
pact of both on present and future
valuations. Whether or not you em-
brace their 22 picks, from Alphabet
to Uber Technologies, their pro-
cesses offer a master class in the
rigors of active investing.
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

The 2025 Barron’s Roundtable was

held on Jan. 6 in New York, and fea-
tured a panel of 11 investors in conver-
sation with Barron’s. Here is an edited
update on the final four.

From
Barron’s: Meryl, what has piqued
your interest in this market?
Meryl Witmer: My first recommen-
dation is JBT Marel. It is trading for
$127 a share. It has a market capital-
ization of $6.6 billion and a total enter-
prise value of $8.8 billion [$8.5 billion

amazon
as of Jan. 22].
It is the world’s leading supplier
of equipment for food and beverage
processing, with a robust aftermarket
parts and service business. It was
formed by the Jan. 3 merger of John
Bean Technologies, based in Chicago,
and Marel, based in Iceland. We are

to UBER
excited about Marel’s best-in-class
technology and research-and-develop-
ment platform, combined with JBT’s
operational prowess.
Marel’s largest end market is poul-
try, which accounts for 37% of reve-
nue and a much greater percentage of
 January 27, 2025 BARRON’S 15

profits. Its equipment is the gold stan- a public-company leveraged buyout. MERYL WITMER
dard in the front end of chicken pro- O-I became “investible” by finally General partner,
cessing, and JBT is strong in forming, obtaining freedom from its asbestos Eagle Capital
Partners,
cooking, coating, and packaging the liabilities a couple of years ago. It
New York
meat. Chicken processors will benefit caught our attention when Gordon
from having one company that is able Hardie became CEO in May 2024. JBT Marel
to provide the full line of equipment Hardie has been a board member JBTM
and servicing. since 2015, and previously had a suc- $127.62
Another star is JBT Marel’s AGV cessful run as an executive at Bunge.
O-I Glass
warehouse automation business, He has targeted $300 million to $500
OI
which grew by 30% in 2024. Cus- million of growth in Ebitda [earnings
10.57
tomers who installed the products before interest, taxes, depreciation,
ARS
at one or two warehouses are now and amortization] by 2027, by closing
Pharmaceuticals
rolling them out across their systems. redundant capacity, transferring the SPRY
The combined company’s other end profitable volume into the remaining 11.19
markets include seafood, beverage, network, removing layers of manage-
nutraceuticals, pet food, and ment, and giving more power to local Dollar Tree
DLTR
pharmaceuticals. management.
73.36
The Marel business struggled in The setup here is somewhat like
the past few years with some chal- Sylvamo, the paper company I recom- Enterprise
lenging end markets in beef and fish, mended in the past, which has been Products
and its management, while talented, a great performer. O-I, too, is in some- Partners
EPD
was slow to reduce expenses. That what of a commodity industry, with
31.83
is evident in operating margins of higher-cost plants and excess capacity
just 12%. coming out of the system. Sylvamo Price as of 1/3/25
Source: FactSet
also had too much debt. Paying it
How has the John Bean business down benefited equity holders.
fared? Hardie has set a goal of $1.5 billion
Witmer: Under the leadership of of Ebitda in 2027. Haircutting that
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CEO Brian Deck, margins have and using $1.375 billion, and assum-
consistently improved and were ing the company uses free cash flow with a son who is at risk, I’m de- FDA will approve it, so the risk is
up about three percentage points to pay down debt, O-I could earn 2025 lighted by Neffy and believe it to be hard to quantify. But if all works out,
in the past two years. $3.15 a share in 2027, growing to BARRON'S a superior product. It can fit in a Neffy could trade for $30 to $40 a
As for the combined company’s $3.70 in 2030. O-I has depreciation ROUNDTABLE pocket, remains stable up to 120 share. The patent runs out in 2038.
financials, JBT Marel will generate and amortization of about $490 mil- PANELISTS degrees Fahrenheit, and has a 30- About 15% of the stock has been
half its revenue from the sale of origi- lion and capital spending needs of month shelf life. sold short. [Short sellers sell bor-
nal equipment and half from recur- $450 million. We see the potential for TODD AHLSTEN rowed stock in the expectation they
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

ring aftermarket servicing and parts. the stock to triple in a few years. CIO and lead How much does a Neffy cost? can buy it back more cheaply.] De-
Cost synergies are anticipated to My next pick is part stock recom- portfolio Witmer: Right now, you can buy a cent-size short interest has often
manager,
exceed $125 million, and should be mendation, part public-service Parnassus two-pack for $200. Broad insurance been helpful when things go right
achieved within three years. We think announcement. Core Equity coverage likely will come soon. If [and short sellers have to buy the
the combined company could generate fund and ARS were to get three million Neffy shares].
$4.5 billion in sales in 2027, and $9 to Bring it on. Parnassus prescriptions filled a year at an aver- Moving on, we have been involved
Core Select
$10 a share in after-tax free cash flow. Witmer: ARS Pharmaceuticals is ETF,
age price of $300, it would have with Dollar Tree on and off over the
Capital spending is well below depre- a single-product company with a Parnassus $900 million in revenue. Assuming years. The stock has traded down
ciation and amortization, so free cash Food and Drug Administration–ap- Investments, 50% margins, we get after-tax earn- from a high above $150 and currently
flow per share is about $1.50 higher proved product, Neffy, a replacement San Francisco ings of $337 million, or more than $3 trades for $74. There are about 215
than earnings. We value the business for the EpiPen auto injector [used to a share—and that doesn’t include million shares outstanding. Net debt
at 18 to 20 times free cash flow for combat allergic reactions and pre- SCOTT BLACK royalties and milestone payments on was $2.73 billion at the end of Octo-
Photograph by Guerin Blask; Hair and Makeup by Stacy Skinner

Founder and
now, and have a target price of $160 vent anaphylactic shock]. It is a nasal president,
sales in the rest of the world. ber. The market cap is $16 billion,
to $200 a share. spray. The spray is an epinephrine Delphi One risk is lack of coverage by and the enterprise value, $18.7 bil-
Henry Ellenbogen: What is the solution absorbed by the nasal mu- Management, insurance companies and pharmacy- lion. The company operates the Dol-
margin differential between the two cosa. As with the EpiPen, a repeat Boston benefit managers, although Express lar Tree and Family Dollar stores.
companies? dose is required about 10% of the Scripts has Neffy on its formularies The Dollar Tree stores used to sell
ABBY JOSEPH
Witmer: It is about five percentage time. The FDA doesn’t require an [covered drug lists] and United everything for $1, although it has
points. emergency-room visit after using
COHEN Health/Optum and CVS might have moved to multiprice stores. The cus-
Professor of
O-I Glass is a $10.50 stock. The Neffy, when symptoms resolve Business, it on their lists in this year’s first tomer base seems to like the concept.
company, formerly called Owens- promptly. The spray is currently ap- Graduate half. Dollar Tree management an-
Illinois, makes glass bottles and con- proved for people over 66 pounds, School of The other risk is a competitive nounced last year that it is doing a
tainers for beer, wine, hard liquor, and and a lower-dose product for chil- Business, product from Aquestive Therapeutics strategic review of Family Dollar. I
Columbia
nonalcoholic beverages. It has plants dren between 33 and 66 pounds is up University, called Anaphylm. It is a film with an am not sure how that will play out.
in the Americas and Europe. O-I has for approval in early March. In 2023, New York epinephrine pro-drug [a biologically We had high hopes for former CEO
154 million shares outstanding, for 5.1 million epinephrine prescriptions inactive compound that can be me- Richard Dreiling to make a success
an equity capitalization of $1.6 billion, were filled. (continued on tabolized in the body] that you hold of Family Dollar, as he did years ago
page 16)
and $4.8 billion of debt. It is basically While I’m not a doctor, as a parent against your gum. I don’t know if the at Dollar General, but that didn’t
 16 BARRON’S January 27, 2025

tunities came up. The regulatory environment has

2025 been hostile. Do you foresee a
BARRON'S Thanks, Meryl. You made a good change?
ROUNDTABLE case for your picks, and for own- Priest: A potential change under the
PANELISTS ing a dog. Now, let’s turn to Bill. new administration could provide a
(continued from
page 15)
Priest: First, I have three books to path for Alphabet to amicably resolve
recommend. Victor Davis Hanson’s its legal challenges, which would clear
The End of Everything: How Wars De- the way for further multiple expan-
SONAL DESAI scend into Annihilation is impressive. sion. We expect cash flow to grow
CIO and
portfolio Hanson has four case studies of civi- from roughly $6 a share this year to
manager, lizations that literally went to zero. $9.50 in 2026. At 25 times cash flow,
Franklin Defeats turned into annihilations. It that implies a $240 share price, or
Templeton isn’t a forecast but a commentary on more than 20% upside from the
Fixed Income,
the conditions required for that out- current price.
San Mateo,
Calif. come. Next, there is Ruchir Sharma’s My next recommendation is Uber
What Went Wrong with Capitalism. It Technologies, the biggest mobility
HENRY isn’t a good book; it is a great book, ride-share and food-delivery company
ELLENBOGEN as Sharma explains how the rise of in the world, outside of China. It also
CIO and bailouts and “too big to fail” doc- operates a freight business that con-
managing
trines prevented Schumpeter’s prin- nects goods producers with shippers.
partner,
Durable Capital ciple of “creative destruction” from On-demand transportation is enjoying
Partners, occurring, leaving us with “zombie”- secular growth around the world.
Chevy Chase, like entities and inefficient capital- Uber is at the helm.
Md. allocation models. My third recom- The business has a strong leader
MARIO J. mendation is Machine, Platform, in Dara Khosrowshahi. Under his
GABELLI Crowd: Harnessing Our Digital Future, guidance, Uber has turned profitable
Chairman by Andrew McAfee and Erik Bryn- and generates free cash flow. He is
and CEO, jolfsson. It was published in 2017 de-risking the model through partner-
Gabelli Funds, and explains how the compounding ships with a range of autonomous
Greenwich,
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of semiconductor power per dollar vehicle providers around the world.

Conn.
over time has combined with the evo- Uber has seen high-teens to
DAVID GIROUX lution of SaaS [software as a service] low-20% growth in bookings across
CIO, models and the role of the crowd to both platforms. Margins are expand-
T. Rowe Price produce today’s tech world. ing as the company gains further le-
Investment
Management, As for my stock picks, the first is verage on insurance costs. Manage-
T. Rowe Price, Alphabet, which owns Google, You- ment will accelerate share buybacks
happen before he retired for health A-minus credit rating. Enterprise is Baltimore Tube, Google Cloud, the Android next year as free-cash-flow growth
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issues. a midstream energy company with operating system, and “Other Bets,” accelerates, and it realizes gains from
Both concepts have headwinds fa- 50,000 miles of pipeline, 300 million RAJIV JAIN notably including the autonomous the sale of other equity stakes in busi-
Chairman
miliar to many retailers, including barrels of liquids storage, 42 natural- and CIO, vehicle ride-share platform Waymo. nesses Uber owns. Regulatory risks
shoplifting and inflation. The tide may gas processing facilities, and 20 deep- GQG Partners, The company is positioned defen- still linger but all have diminished.
turn with tougher laws around theft water docks. Insiders own about 30%. Fort sively and offensively to win in the Uber trades for around $64 a share,
and hopefully a more benign inflation Management has kept the share count Lauderdale, new era of artificial intelligence, or just 15 times enterprise value to
Fla.
environment. If Family Dollar just level, while growing cash flow from given its deep bench of AI tools, cash flow. With cash flow likely to
limps along, contributing $200 million operations per unit from $1 in 2006 to WILLIAM developed over the past decade; its grow at a 30% compound annual rate
of profit, earnings could grow from an $3.80 in the 12 months ended last Sep- PRIEST scale advantages; and its ecosystem over the next three years, we think the
estimated $5.31 to $5.51 a share for the tember. Distributable cash flow is 1.7 Chairman, integration. Alphabet is working gen- stock could command 20 times our
fiscal year ending this month to $6.23 times the dividend. portfolio erative AI into all its user products. 2026 cash-flow estimate of $5 a share,
manager,
in fiscal 2026 and $7.15 in fiscal 2027. Enterprise expects capital spending It has a clear data advantage. which would yield a stock price of
TD Epoch,
We assume 5% growth in annual sales to total $7 billion in 2024 and 2025. New York Google’s search share remains $100.
and continued stock buybacks of $500 The company typically generates a 13% durable and transforming, and AI Uber is one of my favorite exam-
million a year. return on invested capital. If it distrib- JOHN W. overviews in search should increase ples of the flywheel effect of a SaaS
utes some of that return, the dividend ROGERS JR. frequency and produce higher- model. The concept comes right out
And if Family Dollar is sold? will increase in coming years. Founder, quality clicks. Google Cloud main- of Machine, Platform, Crowd.
chairman,
Witmer: If it is sold and the proceeds Enterprise is based in Texas. On a tains a solid No. 3 behind Amazon
co-CEO
are used to buy back stock, earnings recent call, the company mentioned and CIO, Web Service and Microsoft’s Azure How about another name?
could be far higher, maybe $8 to $10 that it has been inundated with calls Ariel and will continue to benefit as work- Priest: AstraZeneca is a global
a share. Assuming no sale, at 15 to 17 to help supply power to data centers. Investments, loads move to the cloud. With recent pharmaceutical company. It has high-
times estimated earnings, the stock It is well positioned and well man- Chicago wins—with a quantum computing quality franchises in oncology, car-

Illustration by Blake Cale

could trade at $100 to $120 in a year. aged. I learned about it from a neigh- MERYL WITMER breakthrough, the launch of Gemini diovascular, renal, and metabolic
Assuming a sale, the stock could trade bor while walking my dog. General 2.0 AI, the new Trillium AI chip, and treatments, and a highly regarded
much higher. We like the optionality. Ellenbogen: You usually don’t have partner, other innovations—Alphabet is reas- CEO, Pascal Soriot. The existing
My last pick is Enterprise Prod- so many picks. Eagle Capital serting its technological leadership, portfolio and late-stage pipeline as-
Partners,
ucts Partners, a limited partnership. Witmer: I was surprised, too, but which will be better appreciated sets should deliver growth well above
New York
It yields just under 7% and has an some stocks tanked recently. Oppor- this year. the industry average. The pipeline
 January 27, 2025 BARRON’S 17

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 18 BARRON’S January 27, 2025

opportunities aren’t reflected in the the world’s largest jet lessor. It has a
current valuation. $70 billion portfolio of assets, includ-
AstraZeneca has multiple late-stage ing 1,700 aircraft, 1,000 engines, and
clinical trial readouts in 2025 for 300 helicopters. It serves 300 cus-
drugs that potentially could total $25 tomers in 80 countries.
billion in sales. The company is on AerCap is well positioned to capi-
track to deliver more than 20 block- talize on the supply/demand imbal-
buster medications by 2030. ance in commercial aircraft. Demand
We estimate AstraZeneca could is strengthening as global air traffic
generate earnings of $4.10 a share for continues to recover from the Covid
2024, $4.70 in 2025, and $5.40 in pandemic, and it is likely to grow for
2026. The stock trades in the U.S. via decades, driven by increasing global
American depositary receipts. We GDP, an expanding middle class, and
think they are worth about $90, rep- the growth of e-commerce. Demand
resenting 35% upside and implying for assets in a supply-constrained
a multiple of 17 times 2026 estimated market gives AerCap pricing power, as
earnings. leases are repriced on expiration. Sup-
Scott Black: The problem with ply constraints also increase the value
AstraZeneca is that revenue hasn’t of older aircraft.
been growing. The company is grow- All these dynamics should drive
ing organically by less than nominal higher returns, solid earnings, and
GDP, and with acquisitions it should growth in book value. We look for Aer-
grow revenue this year by about 6%. Cap to deliver $12 a share in earnings in
Nominal gross domestic product is 2025 and $13 in 2026. The stock sells
growing by 5%. for seven times ’26 estimates and could My last name is Salesforce. It is lows relative to the S&P 500, and they
Priest: That low growth rate is trade up to $115 in the next 12 months, a leading provider of enterprise soft- are trading at a 15% discount to the
reflected in the current multiple. implying 20% upside from a recent ware, providing SaaS solutions for market based on price to estimated
My next idea, AerCap Holdings, is price of around $95. sales force management, marketing, 2026 cash flow. We’ll feel better about
analytics, and other applications. The all these companies in 12 months. All
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company hosts and manages these have good management teams and
applications in its own data centers. good or improving capital allocation.
The shift to cloud is in the early in- Revvity, which I recommended in
WILLIAM PRIEST nings in Salesforce’s large and grow- the Midyear Roundtable, is a life sci-
Chairman, ing markets, and the company is con- ences tools and diagnostics company.
portfolio tinuing to gain share. It also has a It has $2.8 billion in annual sales, 28%
manager,
track record of integrating and grow- operating margins, and a $14 billion
TD Epoch,
ing acquired assets, increasing mar- market cap. It is probably my favorite
New York
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

gins, and accelerating cash flows. life science tools company right now.
Alphabet It is trading for a little more than 20
GOOGL What do the financials look like? times 2025 expected earnings.
$191.79 Priest: Salesforce reported strong There is a lot of optionality at Rev-
third-quarter results, indicating the vity that could provide for more up-

Photograph by Guerin Blask; Hair and Makeup by Stacy Skinner; Illustration by Blake Cale
Uber
core business is firing on all cylin- side. The company has three A-plus
Technologies
UBER ders. Revenue growth was broad- businesses that account for 62% of
64.59 based, margins expanded, and free- revenue and more than 75% of profits.
cash-flow generation was robust. The Within the immunodiagnostics busi-
AstraZeneca sales pipeline is full, and initial de- ness, Euroimmun, the largest compo-
AZN
mand for Agentforce, the company’s nent, is the market leader in autoim-
66.25
AI platform, should create upside mune detection. It has low-double
AerCap Holdings optionality for the shares. digit organic growth. Autoimmune
AER We expect free cash flow to grow diseases continue to be underdiag-
95.93 from $12.50 a share in fiscal 2025 nosed. The business, acquired in 2017,
Salesforce [ending on Jan. 31] to $14.50 or $15 in has dominant positions in Europe and
CRM fiscal ’26, and $16.25 in fiscal ’27. The China, and the U.S. business, now 15%
332.90 shares could be worth at least $400 of revenue, has been growing rapidly.
Price as of 1/3/25
in the next 12 to 18 months, implying Revvity also has a profitable soft-
Source: FactSet a multiple of 25 times estimated fiscal ware business growing by double
2027 estimates. digits, with high retention rates and
40% margins.
Thanks, Bill. David, you’re next.
Giroux: The six companies I am What sort of software does the
going to recommend have about 7% company sell?
organic revenue growth and 12% to Giroux: It has many software prod-
13% growth in earnings per share. ucts. The biggest is ELN, electronic
Their valuations are at or near 10-year laboratory notebook software for lab
 January 27, 2025 BARRON’S 19

technicians. It is still early in convert- continued low-double digit growth DAVID GIROUX
ing to software as a service. even without a robust economy, al- CIO, T. Rowe
The third A-plus asset is a collec- though growth could accelerate if the Price Investment
Management,
tion of high-end custom reagents that economy strengthens.
T. Rowe Price,
scientists use to conduct experiments. PTC is early in transitioning to the
Baltimore
Long-term growth should be in the cloud. We think 70% of the business
high-single to low-double digits, could become cloud-based, versus a Revvity
driven by pricing power, the growth of quarter to a third today. If the rest of RVTY
biotech, proteomics, and other factors. the business converts to the cloud $113.60
Revvity’s largest reagent competitor over the next 10 years, organic reve-
PTC
trades for 36 times earnings. There is nue growth could accelerate by as
PTC
no reason this business couldn’t trade much as two points a year. 184.54
for 30 times. PTC is a “Rule of 50” company.
Together, these three businesses Fortive
could be worth $137 a share in a year, Meaning what? FTV
75.90
implying that, at the current stock Giroux: It has 10% to 12% organic
price of $113 [as of Jan. 3], you’re get- revenue growth and 40% operating Roper
Technologies
ting the other 38% of Revvity for margins. Earnings are growing by
ROP
about negative $25. The rest of the four percentage points more than rev-
514.64
businesses have 4% to 5% organic enue, due to buybacks and acquisi-
growth and are probably worth at tions. The big deals are behind it, but Becton Dickinson
least 20 times earnings. Based on a PTC can make tuck-in acquisitions. BDX
sum-of-the-parts analysis, Revvity The company announced plans to buy 228.46
could be worth $158 a share. back $2 billion of stock in the next Thermo Fisher
Revvity has a unique licensing three years. Scientific
business that helps drug companies PTC is targeting about $1 billion, TMO
reduce the time it takes to bring new or $8.25 a share in free cash flow, in 532.02
drugs to market and increases the fiscal 2026, which starts in October. Price as of 1/3/25
Source: FactSet
odds of success. The company earns The stock is in the low $180s and
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milestone payments as drugs progress sells for 22 times estimated free cash,
through trials, and royalties on drugs versus other vertical software compa-
that get approved. It has about 150 nies, which trade closer to a multiple
different licenses. This licensing and of 30 times free cash. We expect the
royalty business could be transforma- stock to trade up to $240 to $250 in
tive for Revvity over time. less than a year.
Another plus: Margins are about Next, Fortive is trading for $75 and
28% now, and could expand to 35% has a $26 billion market cap and $6.3
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in five to seven years. Third, with the billion in annual sales. It is trading for
exception of Danaher, we expect Rev- 18 times 2025 estimated earnings, and and healthcare businesses. than its high-quality peers over the
vity to have the highest rate of free- 17 times free cash flow. The stock is The good news is, Fortive has an- next five years. Olumide has done an
cash-flow conversion [to earnings] trading at about a six- to seven-multi- nounced it will split into two entities amazing job running the IOS [Intelli-
in the industry, which will support a ple point discount to high-quality in- in the second half of 2025. We think gent Operating Solutions] division of
higher multiple. By the end of the de- dustrial stocks such as Ametek and that is a catalyst for a rerating of the Fortive, the rock star of the company’s
cade, Revvity could earn almost $10 a Ingersoll Rand, and a four-multiple stock. Olumide Soroye will be the portfolio.
share and trade for 30 times earnings. point discount to the industrial con- CEO of the new Fortive, which will
glomerate index. Yet, Fortive has more include software, healthcare, and What is the outlook for the com-
What else do you like? software, recurring revenue, and free- Fluke, the market leader in profes- pany that Fortive will spin off?
Giroux: Last year was tough for soft- cash conversion [to earnings], higher sional test and measurement tools Giroux: The new spin-co will include
ware stocks. As a result, valuations gross margins, and less cyclicality that has mid-single digit organic the more cyclical Tektronix test and
Photograph by Guerin Blask; Hair and Makeup by Stacy Skinner

look compelling. PTC is one of our than peers. Gross margins are in the growth and 40% operating margins. measurement assets, and the sensors
favorites. The company has a $22 bil- 60% range, versus 40% for peers. The new Fortive will have the highest business. The best comparable for
lion market capitalization. It focuses Earnings have grown at a compound gross margins in industrials, the best Tektronix is Keysight Technologies,
on software for product and service annual growth rate of 14% over the free-cash-flow conversion, one of the which trades for 20 times Ebitda.
life-cycle management, and computer- past five years. best organic growth rates, and most Tami Newcombe, CEO of the new
aided design. It is growing revenue important, a vastly improved capital- company, is a great operator; she
organically by low-double digits, and So, why the discount? allocation strategy that will empha- turned around Fortive’s healthcare
earnings per share at a midteens rate. Giroux: Partly, Fortive had poor capi- size high-return bolt-on acquisitions business in her spare time over the
PTC is a market-share gainer, with a tal allocation in recent years on larger and share buybacks. This is what has past 18 months. We expect capital
new CEO who came from the invest- deals. Its purchase of EA Elektro- made Ametek and Ingersoll Rand allocation to focus mostly on share
ment firm Silver Lake. Management Automatik last year didn’t turn out such amazing stocks. repurchase and bolt-on acquisitions.
is refocusing the company on its com- well. Its bid for National Instruments We expect Fortive to generate Earnings could grow 9% to 11%
petitive advantages. luckily failed. Also, earnings guidance double-digit returns on capital within through a cycle. We think Fortive is
Unlike heavy cyclicals, many of was too aggressive. And, there is a lot three years from acquisitions, and buy worth $90 to $100 a share on conser-
which are expensive, PTC isn’t pricing of complexity in mixing heavy cyclical back stock. The new Fortive will grow vative sum-of-the-parts basis. Over
in an economic recovery. We expect assets like Tektronix with software earnings and free cash flow faster a five-year period, low-double digit
 20 BARRON’S January 27, 2025

earnings growth plus multiple expan- past five years, and that’s despite a
sion should lead to midteens returns. disruptive product recall, headwinds
Next, Roper Technologies is a in China, and more recently, a slow-
collection of high-market-share soft- down in the life sciences and diagnos-
ware assets and high-growth health- tics business. In addition, the company
care assets with about $7 billion of an- has made a series of acquisitions—
nual sales, a 41% Ebitda margin, and a including a pharmacy automation
$55 billion market cap. I have watched business—that should accelerate or-
its evolution for about 25 years. I am ganic growth. China was once 10%
excited about what Roper looks like of revenue but has fallen to 5%-6%.
today, but more important, what it will Becton is the dominant player in
look like in four to five years. prefilled syringes, at six times the
capacity of the industry’s No. 2. This
Give us a sneak preview. business should accelerate from the
Giroux: Roper sold a majority stake growth of GLP-1s, other biologics, and
in its industrial assets in 2022 to be- emerging on-body products that could
come faster-growing and less cyclical. make infusion centers less necessary.
It essentially increased organic This could be a $500 million to $1
growth from 4%-5% to 7%. billion opportunity by the end of the
The company has altered its acqui- decade.
sition strategy to focus on faster- If Becton does nothing in the next
growth assets, and has been doing five years, it is on a path to 6% or 7%
more high-return bolt-on deals in the organic revenue growth just because
past four to five years. This improved of the product mix, growth of the
capital allocation should drive better pharmaceutical systems business,
returns on capital, faster earnings fewer China headwinds, and acquisi-
growth, and price/earnings multiple tions. That would support a P/E mul-
expansion. In the next five years, tiple in the low 20s, versus a current
Roper’s organic growth rate could multiple of 15.5 times 2025 estimated
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increase to 8%-9%, and maybe even earnings.

10%. The increase in organic growth We like the setup for the next few
could drive midteens earnings growth. years for a couple of reasons. First, the
Roper is trading for about 20 times company isn’t guiding for a recovery
estimated 2026 free cash flow. Peers in life sciences and diagnostics, which possibility of a breakup? has compressed as a result.
tend to trade for 25 to 30 times free will likely prove too conservative. Sec- Giroux: No, but in my experience, Adjusting for Covid-related reve-
cash flow. This should be a recipe for ond, Becton is trading at a discount of sum-of-the-parts discounts don’t last nue, Thermo has been and will likely
high-teens total shareholder returns. at least 30% to the sum of the parts, forever, especially if there is no con- continue to be outgrowing the life
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Roper’s earnings and free cash which is unsustainable. The discount trolling shareholder. Management is sciences end market by two to three
flow are higher quality than many owes partly to the fact that the com- aware of the opportunity. percentage points a year. Covid will
software peers, as stock-based com- pany is covered by medical-device My last name is Thermo Fisher be completely out of the numbers by
pensation is only 2% of sales versus analysts, who don’t understand the Scientific. The company has $42 bil- 2026, and the life sciences end market
8% to 15% for peers. Also, Roper diagnostics and life science busi- lion in sales, mid-20% Ebitda mar- will probably grow at a more normal
tends to serve low-cyclical end mar- nesses. Those businesses contribute a gins, and a $200 billion market cap. rate of 4% to 5%. Thermo will show
kets such as education, insurance quarter to a third of profits. Diagnos- The stock has been going sideways 7% to 8% organic revenue growth,
brokerage, utilities, and healthcare. tics deserves a multiple in the low 20s; for four years. I really like the setup. and low- to midteens growth in earn-
It is a defensive stock from a trading pharma systems, in the mid-30s; and Like Revvity, Thermo is trading ings per share, starting in 2026.
and fundamentals perspective. bioscience, in the mid-20s. If Becton around a market multiple for the Catalent, which was acquired by
There is also hidden value here. were to separate these businesses, it first time in a decade, excluding Novo Nordisk, is Thermo’s chief com-
Roper still owns more than 40% of its would become less complex, and free- pandemic-related profits in 2020-21. petitor in its pharmaceutical manu-
legacy industrial assets, with private cash conversion would go from 90% It offers the opportunity to invest facturing outsourcing division. It will
equity owning the rest. I would expect to 95%-100%. alongside one of the best CEOs not be a less viable competitor over time
Roper’s legacy industrial business to Even if revenue growth doesn’t only in healthcare but the whole because Novo will bring a lot of that
come public sometime in the next accelerate and the multiple stays stuck market—Marc Caspar. Thermo has capacity in-house to support its own
three years. Roper’s ownership could in the midteens, the stock could gain been a market-share gainer in almost GLP-1 production. That has positive
be worth an incremental $2 billion about 10%. With a yield of just under every one of its businesses. It has the implications for Thermo’s growth,
and $3 billion. 2%, this should drive low-teens re- fastest-growing CRO, or contract margins, and pricing in this large
turns from here. If revenue growth research organization, and is growing division.
What are your last two names? accelerates, as I expect, the multiple faster than the market in bioprocess- On the CRO side, Big Pharma is
Giroux: I have recommended Becton will expand. And if management ing. The business is still rolling off reducing its exposure to China’s

Illustration by Blake Cale

Dickinson in the past. There are mul- separates the company into multiple Covid-related revenue, and this has WuXi Biologics due to regulations
tiple ways to win here. The company pieces, the stock could accrete value made it appear as though Thermo is and regulatory threats. That will ben-
has $21 billion in revenue, 30% Ebitda at a high-teens rate through the end no longer outgrowing its peers, most efit Thermo. The company’s exposure
margins, and a $66 billion market cap. of the decade. of which had the impact of Covid to China accounts for only 7% to 8%
Becton has grown organically by 5% mostly out of their numbers by the of revenue, one of the lowest levels
to 6% a year almost every year for the Has management discussed the end of 2023. The company’s multiple among life sciences names.
 January 27, 2025 BARRON’S 21

On-demand transportation is narization, doping, and rapid thermal

processing. They’re everywhere, and
on the Upper East Side. If KLA doesn’t
find it, the chip doesn’t work.
enjoying secular growth around the science is only becoming more As chips get smaller, these defects
important. get harder and harder to find. As
the world. Uber is at the helm. We also like that about a quarter chips become more complex, the
—william priest of their sales come from recurring amount of process control required
services and consumables. They’re increases. That’s what makes the com-
in their customers’ fabs every day, pany so valuable. We have a four-year
installing parts and performing price target of $1,120, based on 22
maintenance. You won’t find a much times forward earnings. The stock
We think Thermo is approaching and a cyclical slowdown in invest- wider moat. closed on Friday [Jan. 3] at $657.
an inflection point by the end of this ment in China could further contrib- We see earnings reaching $12 a
year, when absolute organic growth ute to that decline. We believe most of share by 2027, and $17 a share by the What’s your third semiconductor-
will accelerate and its growth versus this potential drop is priced into the end of the decade. At 20 times earn- industry pick?
peers will start to accelerate. If it stocks now. ings, the stock could rise to $240 in Ahlsten: Synopsys is in electronic
trades for 25 times 2026 estimated There has also been some recent two years and $340 by 2030, up from design automation, or EDA, as part
earnings of $26 a share, the stock weakness in memory and non-AI $170 now. of a near-duopoly with Cadence De-
would be priced at $654. chips, and there are concerns about sign Systems. While Applied Materi-
spending at Samsung and Intel, which What is the case for KLA? als and KLA enable their customers
Thanks, David. Todd, let’s close have fallen behind and may need to Ahlsten: While Applied Materials is to build chips, Synopsys helps cus-
with a look at your best ideas. cut back. more focused on building the chips, tomers design them. A lot of the
Ahlsten: I have six picks; three are KLA specializes in process control same themes apply.
linked to the semiconductor industry. What is the case for Applied Mate- and inspection. That’s about 12% of Today, the semi industry spends
The first two companies are in the rials? the wafer-fab equipment market. about $80 billion a year on research
wafer-fabrication equipment business: Ahlsten: Applied Materials has the KLA’s machinery finds the smallest and development, with about 10% of
Applied Materials and KLA. Semi- broadest portfolio of wafer-fab equip- defects in a wafer, with almost un- that going to the EDA companies. But
conductor industry revenue is more ment, selling tools that cover about imaginable precision. It would be like as chips become more complex and
than $600 billion a year today, and we 60% of the market. That includes flying in an airplane 30,000 feet harder to design—custom silicon,
think it will grow to at least $1 trillion things like deposition, etch, removing above Manhattan and finding a typo new thermal structures, and so on—
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

by 2030. The wafer-fab equipment materials, chemical processes, pla- on the menu at an Italian restaurant R&D spending is going up. That is a
providers are about $100 billion to-
day, going to at least $150 billion by
the end of the decade. That’s about
16% of industry revenue invested into
wafer-fab equipment today. TODD AHLSTEN
Applied Materials and KLA are CIO and lead
the key enablers of everything in portfolio
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

manager,
semiconductors. These companies
Parnassus Core
are bending the laws of physics.
Equity fund and
Making semiconductors is incredibly Parnassus Core
complex, with more than 2,000 steps Select ETF,
to build a chip. The equipment com- Parnassus
panies are intimately locked into the Investments,
design plans of their customers years San Francisco
in advance, which widens their com-
petitive moats. Applied Materials
We expect to see $2 trillion in AI- AMAT
related capital expenditures in the $170.06
next four or five years, with 40% of
Photograph by Guerin Blask; Hair and Makeup by Stacy Skinner

KLA
that likely to go to semiconductors. KLAC
That includes GPUs [graphics pro- 657.01
cessing units], memory chips, custom
Synopsys
silicon, networking chips, and more—
SNPS
all of which are produced using wafer- 493.71
fab equipment.
Workday
Why are the stocks 25% to 30% WDAY
252.84
off their highs?
Ahlsten: The biggest concern is Linde
China, which has seen dramatic LIN
growth in spending on wafer-fab 413.50
equipment in recent years and made Deere
up roughly 40% of industry revenue DE
in 2024. But that revenue will fall 422.22
next year due to export restrictions,
 22 BARRON’S January 27, 2025

tailwind for Synopsys. better than Salesforce, another of our

About 55% of the company’s reve- large holdings. We don’t think Work-
nue comes from designing chips for day should trade at a discount.
traditional semi companies. The Workday is growing market share
other 45% is custom silicon, a gold in a $160 billion market, especially
mine. That refers to companies such among medium-size enterprises. The
as Meta Platforms, Amazon.com, company has an AI story that isn’t
Alphabet’s Google, and Microsoft reflected in the stock. In the third
designing their own silicon for their quarter, Workday saw a 30% increase
custom workloads. Both businesses in customers using one or more of its
are growing fast, as chips get harder AI solutions, which include things
to design and more companies get like recruiter agents and talent opti-
involved. Synopsys also has an at- mization. AI is helping Workday cus-
tractive intellectual-property licens- tomers reduce employee turnover and
ing business, similar to ARM, which recruit more productively.
has high profit margins. With strong revenue growth, mar-
The kicker is Synopsys’ deal to buy gin expansion, and underappreciated
a company called Ansys, which hope- AI products, we think the business
fully can close in the first half of the will accelerate. It sets up a nice beat-
year. Ansys is a provider of simula- and-raise story [beat earnings esti-
tion software, which allows chip mates and raise profit guidance] in
companies to model their systems 2025. We have a two-year price target
and processes. Putting that together of $365 for the stock, implying a multi-
with Synopsys’ software integrates ple of 25 times forward free cash flow.
a lot of chip design under one vendor The stock is $250 now.
and expands the moat. Giroux: Workday has a roughly 25%
We have a $700 three-year price operating profit margin, while peers
target for Synopsys, compared with have at least 35%. It should have much
today’s price of $493, with more up- higher operating margins. Stock-based
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side long term from the Ansys deal. compensation expense is 15% of reve- big premium to the market, but right tations, but farm equipment still
That should help to expand profit nue. It should be much lower. now it is trading for much closer to needs to be upgraded, and we think
margins and grow earnings. Ahlsten: My fifth recommendation the market’s average multiple. That the cycle is near a bottom.
is Linde, the industrial gas titan. It is is because the industrial economy Beyond the current ag cycle, the
Let’s shift to another industry. a defensive, quality compounder of a has been weak lately, and Linde’s long-term story revolves around
Ahlsten: My next pick is Workday, company that we think can generate volumes have been flat to down for Deere’s so-called precision agricul-
the global leader in human-capital solid double-digit returns. Linde’s eight straight quarters. But over that ture technology, which has seen
management and enterprise resource stock has outperformed in eight of same period, Linde has increased its rapid customer adoption. The num-
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

planning cloud software. It serves the past 10 market corrections. operating profit margin to 39% from ber of “engaged acres”—acres in
some 70 million users at 11,000 One of the things we love about the 31%. That is all thanks to its ability which one of Deere’s machines is
customers, including 60% of the company is that more than 60% of its to control prices and costs. active and sending data back to the
Fortune 500. sales are basically recurring revenue. The moment the industrial econ- John Deere Operations Center—has
Workday stock lagged behind last It has hooked up its gas lines to cus- omy sees a cyclical improvement, we increased at an 18% annual rate since
year, underperforming the industry tomers that may have a 15-year take- think Linde will be a big beneficiary. 2020. It has gone from 230 million
by 30%. It is currently at an all-time or-pay agreement. Linde is one of the The stock should enjoy some multiple acres then to 455 million today, on
low relative valuation versus the top three global industrial gas compa- expansion. We have a $553 price tar- which Deere is using digital tools to
index—a discount of 20% to 30%. nies; they are essentially unregulated get in three years, implying a high- enhance planting, tilling, irrigation,
We still think earnings can grow more utilities that operate in a favorable 20s multiple of earnings. The stock chemical application, and much
than 20% a year from 2024 to 2028, market. Why Linde over the others? closed on Friday at $413.50. more. According to Goldman Sachs,
on a combination of 15% annual sales We like its leading network density, Deere’s annual precision ag revenue
growth and profit-margin expansion. tremendous capital discipline, and And your last pick? has gone from $1.6 billion to $5 bil-
Workday is one of the stickiest relentless focus on operational excel- Ahlsten: It is one of my favorites: lion in that span. Those are high-
software companies out there, with lence and innovation. Deere. The stock was $175 when I profit-margin sales. We expect this
98% revenue retention. That’s even Linde stock typically trades at a first picked it in 2020. Now it is $422, growth to continue. Deere spent al-
and could go to $600 in the next most $10 billion on R&D since 2020,
three years. Gains will be driven by widening its moat.
continued earnings growth. It is an We see earnings rising to $35 a
attractive setup. Agricultural-equip- share by 2028. At 17 times earnings,
ment volumes are in a cyclical trough you get a $600 stock, up from $422.
There are risks to farmers right now, and Deere is trading for a Nothing runs like a Deere.

Illustration by Blake Cale

from both tariffs and deportations, lower-than-average earnings multiple
in the low 20s. Farm incomes are Although we are running on time
but farm equipment still needs down 31% since 2022, as prices of for dinner. Thank you, Todd, and
corn and soybeans and other crops everyone. B
to be upgraded. have declined. There are risks to —Additional editing by Nicholas
—todd ahlsten farmers from both tariffs and depor- Jasinski
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January 27, 2025

picked regularly by our team.

mansionglobal.com/boutique
BARRON’S

Discover your unique style with high-end home goods

You Shop.
We curate.

SCAN TO SHOP iStock.com/FollowTheFlow © 2024 Dow Jones & Company, Inc. All rights reserved. 4E6174
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 24 BARRON’S January 27, 2025

F UN DS
Scoreboard: Enter Trump
U.S. stocks rallied as Donald Trump was inaugurated, with the S&P 500 rising 3.05%, fueled by

Dr. Doom Is Now ‘Dr. global science and tech funds, up 4.89%. Indian stocks fell for the third week on earnings worries.

U.S. STOCK FUNDS

One Week
2.54%
Year-to-Date
4.75%

Realist.’ He Has an ETF.

TOP SECTOR / Global Science/Technology Fds 4.89 6.60
BOTTOM SECTOR / India Region Funds – 0.70 – 4.55
S&P 500 3.05 4.03
U.S. BOND FUNDS 0.08 0.28
Bloomberg Barclays AGG Bond – 0.09 – 0.08

The Week's Top 25

Fund Investment Objective One Week Year-to-Date
Catalyst Insidr Buying A / INSAX Multi-Cap Growth 11.16% 5.3%
Upright Growth Fund / UPUPX Global Multi-Cap Core 10.95% 12.9%
BY LEWIS BRAHAM Roubini thinks the 10-year Treasury note Upright Growth & Income / UPDDX Equity Income 10.20 14.0
could fall as much as 30% and 30-year

E
Upright Assets Alloc + / UPAAX Mix Tgt All Gro 9.98 14.1
Quantified STF Inv / QSTFX Flexible Portfolio 7.48 3.6
conomist Nouriel Roubini is best Treasuries even more if inflation hits his 5% MF&Var Rtnl St All A / RHSAX Mix Tgt All Mod 7.00 7.0
known for predicting the 2008-09 target. (The longer a bond’s duration, the Am Beacon ARK TI Y / ADNYX GL Science/Tech 6.67 10.4
One Rock Fund / ONERX Multi-Cap Growth 6.01 13.4
financial crisis. For this—and his more sensitive it is to rates.) Stocks also fall Firsthand Tech Opptys / TEFQX Science & Tech 5.99 7.4
Berkshire Focus / BFOCX Multi-Cap Growth 5.96 9.3
often bearish outlook—he earned in this scenario: The 2022 inflationary mar- T Rowe Price Sci&Tch / PRSCX Science & Tech 5.81 6.4
the nickname “Dr. Doom.” Both he and his ket, when both stocks and bonds lost double Fidelity Sel Semicnd / FSELX Science & Tech 5.79 8.5
Fidelity Adv Semicnd A / FELAX Science & Tech 5.76 8.7
partner in his new ETF venture would pre- digits, was a preview. “In our scenario, that Victory RS Sci & Tech A / RSIFX Science & Tech 5.75 6.7
fer he not be called that. defensive asset [bonds] is going to lose a lot Alger AI Enblrs&Adptrs Z / AAIZX GL Science/Tech 5.73 9.1
Marsico Inv Fd Glbl Inv / MGLBX Global Large-Cap Growth 5.60 9.1
“I think we’re more realists than doom- of money, at a time when higher bond yields Tarkio / TARKX Multi-Cap Core 5.60 10.1
sayers,” says Reza Bundy, CEO of Atlas lead to a correction in equities,” he says. Artisan Focus Adv / APDTX Large-Cap Core 5.42 10.4
Nationwide Loomis ACG R6 / NWZMX Large-Cap Growth 5.41 5.2
Capital Team. Indeed, Roubini now calls Two assets to combat inflation are gold Gabelli Growth I / GGCIX Large-Cap Growth 5.35 6.5
Catalyst Systmtc Alpha I / ATRFX Alt Multi-Strategy 5.34 4.3
himself “Dr. Realist.” and commodities. The fund recently had Red Oak Technology Slct / ROGSX Science & Tech 5.30 6.6
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

The exchange-traded fund, Atlas Amer- 16.8% of its portfolio in gold bullion ETFs Eventide Hlthcare & LS I / ETIHX Health/Biotech 5.29 7.2
Alger Capital Apprec A / ACAAX Large-Cap Growth 5.27 7.5
ica (ticker: USAF), launched in November, and 7.5% in the Invesco Agriculture Com- Alger Inst Cap App I / ALARX Large-Cap Growth 5.26 7.5
with Roubini as one of three co-managers. modity Strategy ETF (PDBA). “We chose
A “moderate allocation” fund by Morning- agriculture primarily because of the impact The Week's Bottom 10
star’s definition, it has an 0.86% expense of climate change and supply-chain disrup- Fund Investment
Fidelity Adv Srs Sm Cp / FSSFX
Objective
Small-Cap Growth
One Week
– 2.51
Year-to-Date
0.5
ratio and clearly bears Roubini’s imprint. tions around agriculture,” Bundy says. Why Invenomic Instl / BIVIX Alt Long/Short Eq – 2.18% – 4.1%
Fidelity SAI Infltn Foc / FIFGX Commodities General – 1.95 4.8
While many allocation funds have a tradi- not oil? Roubini thinks food security is a PIMCO TRENDS MFS Inst / PQTIX Alt Mgd Futures – 1.54 – 1.9
tional 60% stock/40% bond portfolio, Atlas bigger problem, as the U.S. already produces Ecofin Glbl Rwb Inf Inst / ECOIX Glb Infrastructure – 1.48 – 1.8
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Rydex Energy Fund Inv / RYEIX Natural Resources – 1.43 6.9

holds mainly Treasuries, gold, real estate more oil and gas than it consumes. “Energy ICON Util&Inc Inst / ICTUX Utility – 1.35 0.7
investment trusts, agricultural commodi- also tends to be more volatile,” he adds. Rydex Energy Svcs Inv / RYVIX Natural Resources – 1.30 6.8
NAA Oppurtunity I / SAOIX Alt Long/Short Eq – 1.18 1.3
ties, and other alternative assets. The team employs a nuanced approach Hennessy Ener Trans Inst / HNRIX Natural Resources – 1.17 7.2
Roubini doesn’t think the classic 60/40 with REITs. “We have [REIT property]
portfolio will work anymore. “60/40 is data literally at the ZIP Code level, and The Largest 25
Assets 3-Year* 1-Week YTD
based on the assumption that there is a cor- we know exactly for each REIT in North Fund Investment (billions) Objective Return Return Return

relation that is negative between the price America if there is a risk of rising sea American Funds Gro A / AGTHX $150.9 Large-Cap Growth 12.1% 3.72% 6.0%
Fidelity SA US Tot Stk / FCTDX $142.1 Multi-Cap Core 12.2% 3.12% 4.7%
of equities and the price of bonds,” he says. levels, hurricanes, flooding, wildfires, and Fidelity Contrafund / FCNTX Large-Cap Core 15.9 4.15 6.1
140.4
Historically, if stocks went down, bonds crop failures,” Roubini says. There are American Funds Bal A / ABALX 109.6 Mix Tgt All Gro 7.0 2.04 3.4
went up, and vice versa, smoothing out already parts of Florida, Louisiana, and PIMCO Income Inst / PIMIX 103.9 Multi-Sector Inc 2.5 0.11 0.5
Vanguard Tgt Ret2035 Inv / VTTHX 102.3 Mixed-Asset Target 2035 4.9 1.91 2.5
returns. “That negative correlation assumes California where homeowners can’t get
Vanguard Wellington Adm / VWENX 98.8 Mix Tgt All Gro 6.4 2.20 3.0
that inflation is low and stable,” he says. insurance because of flood and fire risk, Vanguard Tgt Ret2030 Inv / VTHRX 96.8 Mix-Asst Targ 2030 4.2 1.71 2.2
But since the pandemic, the stock/bond and he believes that climate change will American Funds ICA A / AIVSX 93.1 Large-Cap Core 14.0 3.29 4.7
relationship has changed. “The era of great ultimately force mass migrations to other Vanguard Tgt Ret2040 Inv / VFORX 91.6 Mixed-Asset Target 2040 5.6 2.09 2.8
Vanguard Tgt Ret2045 Inv / VTIVX 89.8 Mixed-Asset Target 2045 6.3 2.31 3.1
moderation, when growth was stable and states. The ZIP Code data should help ana- American Funds Wash A / AWSHX 87.3 Large-Cap Value 11.4 2.78 4.4
inflation was 2%, is over,” Roubini says. lyze the risks of REITs with widespread Vanguard Tgt Ret2050 Inv / VFIFX 76.7 Mix-Asst Targ 2050 6.8 2.49 3.4
He expects inflation to be 5% going for- property portfolios. One of the fund’s larg- Fidelity SA US Total Stk / FSAKX 76.6 Multi-Cap Core 0 3.06 4.5
American Funds Inc A / AMECX 76.0 Mix Tgt All Mod 5.1 1.65 3.2
ward. Among the causes are what he calls est REIT holdings, Realty Income, owns Vanguard Tgt Ret2025 Inv / VTTVX 75.3 Mixed-Asset Target 2025 3.5 1.44 1.9
“supply-side shocks” that include deglobal- some 15,400 properties in 49 states. REITs American Funds FInv A / ANCFX 75.1 Large-Cap Core 12.7 3.34 5.7
ization, protectionism, climate change, ag- are currently 12.9% of the fund’s portfolio. Dodge & Cox Income I / DODIX 72.8 Core Bond – 0.1 – 0.16 – 0.2
Vanguard PRIMECAP Adm / VPMAX Large-Cap Core 10.4 2.93 5.3
ing demographics in the U.S., high debt, Yet the lion’s share of the portfolio, 69.7
Fidelity SA Core Inc / FIWGX 69.5 General Bond – 1.2 – 0.04 0.0
reshoring of manufacturing, and a greater some 50%, is in Treasuries. Roubini points JPMorgan LgCp Gro R6 / JLGMX 67.1 Large-Cap Growth 16.0 4.20 5.3
likelihood of pandemics. President Trump’s out they’re mainly short-term ones that Fidelity Blue Chip Gr / FBGRX 67.0 Large-Cap Growth 16.1 4.31 4.8
threatened tariffs and restrictive immigra- won’t be hurt much by rising rates. The Dodge & Cox Stck I / DODGX 65.9 Multi-Cap Value 9.1 2.81 5.8
American Funds EuPc R6 / RERGX 62.3 Intl Large-Cap Growth 1.3 3.09 4.9
tion policies could make things worse. ETF also hedges long-term Treasuries by American Funds CIB A / CAIBX Global Equity Income 4.7 1.77 2.7
61.2
The Federal Reserve normally raises holding the Direxion Daily 20+ Year
*Annualized 01/19/2022 to 01/23/2025. Through Thursday. Source: Lipper
interest rates to combat inflation. Since Treasury Bear 3X ETF (TMV), which
bond prices move inversely with rates, rises when 20-year Treasuries fall. B
 January 27, 2025 BARRON’S 25

T ECH T RADER
There are several unanswered questions about
the AI buildout venture, the most important being
where the money is going to come from.

Stargate Project: Big

Stargate’s funding in a social-media More AI Spending
post: “Wrong, as you surely know,” he The Stargate Project promised $500
said in a reply to Musk on X. “This is billion in new AI spending over the next
great for the country.” four years. Here’s how some big tech

Ambition, Few Details

On Wednesday, Arm CEO Rene companies spent over the past 12 months.
Haas didn’t provide details on financ- Capital Expenditures*
ing, but told CNBC, “I would say, rest $0 billion 50 100
assured that you would not have the
Amazon
individuals you saw yesterday and the
president all together with such an Microsoft
announcement if there wasn’t a lot of

T
ech leaders gath- has three current investments, accord- backing from a financial standpoint.” Alphabet

ered at the White ing to FactSet: OpenAI, Elon Musk’s The debate and questions about Meta Platforms
House this week xAI, and another richly valued start- funding highlight the significance of
to announce an up, Databricks. the expenditures and the complex Source: FactSet

ambitious new Mubadala, the U.A.E. sovereign- nature of AI model building and
joint venture wealth fund, is an MGX investor. Ac- deployment, and the infrastructure
named the Star- cording to its website, Mubadala has needed to support it. Stargate news was not forced on
gate Project, aimed at building new BY ADAM about $300 billion of assets under For a sense of Stargate’s proposed Microsoft, but that Microsoft viewed
artificial-intelligence data centers in LEVINE management. scale, Microsoft offers a good compari- exclusively financing OpenAI no lon-
the U.S. The effort promises invest- Among other partners listed by son. Microsoft is projecting $80 bil- ger made sense from a risk and capital
ments of $100 billion in the first year, MGX are BlackRock, Silver Lake, Bain lion in capital expenditures in fiscal allocation standpoint,” said UBS ana-
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and $500 billion over four years. Capital, and Vista Equity Partners. 2025, ending in June—an 80% in- lyst Karl Keirstead in a note to clients.
But details remain sparse. Those are rich pockets, but $500 crease from 2024, which was a 58% “Put another way, OpenAI’s massive
SoftBank CEO Masayoshi Son billion rich? We don’t really know, and rise from the year before that. Stargate scale ambitions…may have been run-
will handle the financing, CEO Sam the Stargate partners aren’t providing wants to ramp from nothing to $100 ning up against Microsoft’s desire to
Altman of OpenAI will contribute information. billion, 25% larger than Microsoft’s exclusively serve them.”
his overall AI expertise, and Oracle SoftBank wouldn’t comment to planned outlay, all in one year. It’s a Microsoft referred Barron’s to a
executive chairman Larry Ellison will Barron’s on the sources of Stargate big ask, considering that Microsoft Tuesday blog post that briefly alluded
oversee the buildout. All three joined funding. Nvidia and Arm offered gen- had $73 billion in annual free cash to Stargate, but went on to redefine its
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

President Donald Trump on Tuesday eral support for the initiative in their flow and Stargate currently has none. close relationship with OpenAI. Most
for the Stargate announcement. replies, but didn’t clarify their roles in Microsoft, Nvidia, and Arm were of their agreement through 2030 re-
MGX, a new AI investment firm in the partnership. OpenAI’s own press left out of the equity discussion, sug- mains, the blog post said, but Micro-
the United Arab Emirates with ties to release announcing the project didn’t gesting that their balance sheets won’t soft’s Azure cloud platform will no
the government there, will be a financ- offer financing details. contribute to the effort. longer have exclusivity on new Open-
ing partner. Microsoft, Nvidia, and Musk quickly cast doubt on the Microsoft has been OpenAI’s biggest AI computing demand, though it re-
SoftBank-owned Arm Holdings were whole initiative. “They don’t actually investor. Its Azure cloud is the home to tains the right of first refusal on new
named as technology partners. have the money,” Musk, a key Trump OpenAI’s signature ChatGPT service. cloud business.
There are several unanswered ques- ally, wrote on X. “SoftBank has well The new dynamic suggests bigger AI While the partnership remains,
tions about the project, the most impor- under $10B secured. I have that on ambitions for both Microsoft and there are cracks forming. They’re
tant being where the money is going good authority.” OpenAI. likely to reverberate across the tech
to come from. SoftBank has about $38 OpenAI CEO Sam Altman defended “It is entirely plausible that the landscape. B
billion in cash and short-term invest-
ments on its books, and $80 billion in
long-term debt. The firm raised $100
billion for its Vision venture capital
fund, but struggled with a follow-up Stargate’s $500 billion price tag
Vision Fund 2. SoftBank’s stake in
Arm was worth over $140 billion as highlights the costly and complex
of Wednesday, and it could choose to
sell shares to help finance Stargate. nature of AI model building—and
Andrew Harnik/Getty Images

Oracle has about $11 billion in cash

and $80 billion in debt. OpenAI is a the widespread infrastructure
start-up, still dependent on investor
cash. It raised $6.6 billion in October. needed to support it.
MGX may shoulder much of the
financial burden, but it isn’t clear SoftBank CEO Masayoshi Son, standing next to President Trump,
what resources it can muster. MGX will handle the financing for the new Stargate Project.
 26 BARRON’S January 27, 2025

I N C O M E I N V E ST I N G

Muni Investors Wake Up

To Perils of Climate Risk
BY AMEY STONE watch for a credit downgrade.
Spreads of widely held LADWP issues

J
ust as Los Angeles seemed to be have widened the most, mainly over con-
regaining control after two weeks cerns about risk of lawsuits if the utility
of devastating fires and was prepar- is found to blame for the blaze. “Even
ing for long overdue rain, a new fire though there hasn’t been any finding of
sprang up on Wednesday. The Hughes fire fault, they are trading like some fault was
near Castaic quickly covered 3,400 acres, assigned to them,” says Jeff Timlin, who
triggering evacuations and road closures. manages the tax-exempt fixed-income
No, the Los Angeles fires, already con- strategies at Sage Advisory Services. He
sidered the biggest natural disaster in U.S. estimates that spreads widened about 50
history, aren’t over. Loss of life is now at basis points, so that a 10-year issue trad-
28, and the financial damage is estimated ing at 3.2% would now be closer to 3.7%.
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at a staggering $275 billion, most of it un- Spreads for City of Los Angeles and
insured. “We have made no assumptions school bonds have risen more like 20 to
about when this is done,” says Dan Close, 30 basis points to yield roughly 3.5% by
who leads municipal bond strategy at the same measure, Timlin estimates.
Nuveen. “That would be foolish of us.” Concerns relate to lost tax revenue, given
For residents, this is a nightmare, but that homes and schools will take years to
for investors in California’s muni bond rebuild. Still, with yields at these levels,
market, it’s a wake-up call. Yes, some some buyers are swooping in when
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

munis have fallen in price, but those bonds become available, he says.
bonds aren’t at risk of default and should The city’s size, the state’s economic
recover when aid and insurance payments strength, and confidence that federal aid
start flowing. The difference is that longer is coming lead investors to believe these
term, more strategists are incorporating credits will meet their obligations. “Will
weather-related risk into their forecasts. we have a rash of defaults? Using history
“The municipal market is not going as a guide; we don’t think so,” says Close.
to forget what happened in January 2025 Federal aid is key. President Donald
in California,” says Tom Kozlik, head of Trump suggested on Jan. 22 that he could
municipal strategy at Hilltop Securities. place conditions on California receiving
“Folks weren’t factoring the increased aid, yet strategists don’t expect a major
magnitude of weather-related risk into departure from past practices. “We hear it;
their decision-making process. Now, we’re aware it’s out there,” says Jennifer
some have started.” Johnston, director of muni bond research
Given the generally stable nature at Franklin Templeton. “We think it will
of muni bonds, the wake-up call didn’t get resolved, and we’ll see traditional sup-
register in a major selloff. The Nuveen port at the federal level that we’ve seen in
California Municipal Bond fund, for past natural disasters.”
example, is down just 0.27%, or 27 basis Could there be opportunity for inves-
points, this year through Jan. 22. tors? Perhaps, but the most important
The declines mostly involve specific takeaway is the benefit of national diver-
downgraded credits. On Jan. 13, S&P sification, says Timlin. In high-tax states,
Global Ratings downgraded the L.A. De- many investors want to stick with state
partment of Water and Power, or LADWP, issues, but “you’re concentrating your
two notches to single-A (still a high rat- risk profile,” he says. “Unfortunately,
ing). And on Jan. 15, it put double-A-rated as beautiful and wonderful as California
City of Los Angeles and double-A-minus- is, environmental risks are heightened.”
rated Altadena Public Library District on A national fund may make more sense. B
 January 27, 2025 BARRON’S 27
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

ALERIAN ENERGY INFRASTRUCTURE ETF (ENFR)

For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Key Catalyst: ENFR’s holdings provide natural gas infrastructure to power the global economy
and the AI revolution while generating potential income and total return for investors.

LE A RN MORE | alpsfunds.com | 1-866-759 - 5 679

Investment Objective: The Fund seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of its underlying index, the Alerian Midstream Energy Select Index (CME:
AMEI), a composite of North American energy infrastructure companies that engage in the transportation, storage, and processing of energy commodities.
An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1.877.398.8461 or visit
www.alpsfunds.com.Readtheprospectuscarefullybeforeinvesting.Sharesarenotindividuallyredeemable.Investorsbuyandsellsharesonasecondarymarket.Onlymarketmakersor“authorizedparticipants”
may trade directly with the Fund, typically in blocks of 25,000 shares.
An investment in the Fund involves risk, including loss of principal.
Investments in securities of MLPs involve risks that differ from an investment in common stock. MLPs are controlled by their general partners, which generally have conflicts of interest and limited fiduciary duties to the MLP,
which may permit the general partner to favor its own interests over the MLPs. A portion of the benefits from the Fund’s investment in MLPs depends largely on the MLPs being treated as partnerships for federal income tax
purposes. As a partnership, an MLP has no federal income tax liability at the entity level. Therefore, treatment of one or more MLPs as a corporation for federal income tax purposes could affect the Fund’s ability to meet its
investment objective and would reduce the amount of cash available to pay or distribute to you. Legislative, judicial, or administrative changes and differing interpretations, possibly on a retroactive basis, could negatively
impact the value of an investment in MLPs and therefore the value of your investment in the Fund. The fund invests primarily in a particular sector and could experience greater volatility than a fund investing in a broader
range of industries. The Fund may be subject to risks relating to its investment in Canadian securities. Because the Fund will invest in securities denominated in foreign currencies and the
income received by the Fund will generally be in foreign currency, changes in currency exchange rates may negatively impact the Fund’s return.
ALPS Portfolio Solutions Distributor, Inc. is the distributor for the Alerian Energy Infrastructure ETF.
 28 BARRON’S January 27, 2025

MARKET WEEK
January 20 through January 24, 2025

International Trader P. 31 Winners & Losers P. 34

Striking Price P. 32 Research Reports P. 35
Inside Scoop P. 33 Statistics P. 36
13D Filings P. 33

MARKET PERFORMANCE DASHBOARD

Dow Jones Industrials S&P 500 Nasdaq Composite Roundhill Magnificent Seven ETF

44,424.25
52-wk: +16.57% YTD: +4.42% Wkly: +2.15%
6101.24
52-wk: +24.74% YTD: +3.73% Wkly: +1.74%
19,954.30
52-wk: +29.11% YTD: +3.33 Wkly: +1.65%
$56.32
52-wk: +61.75% YTD: +3.49% Wkly: +1.59%

5%

Trump 2.0 Stargazing

Stocks rose on Tuesday, the first full day of A blockbuster earnings report from Netflix— 4
Donald Trump’s second term. There were and the announcement of $500 billion in AI
no major surprises in the new president’s spending as part of the Stargate Project—
initial wave of executive actions. boosted the Nasdaq Composite on Wednesday. 3
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Fever Pitch Cashing Out 0

Solid earnings boosted stock indexes Stock indexes slid on Friday, dragged lower
on Thursday. The S&P 500 rose 0.5% to by Big Tech stocks and tariff talk. Investors
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

finish at an all-time high—its first record sold ahead of a busy week of earnings -1
close since early December. reports and a Federal Reserve meeting.

-2
Tuesday Wednesday Thursday Friday Close
Note: Markets were closed on Monday for Martin Luther King Jr. Day. Source: Barron’s Statistics

I
f the stock market were a part of the Magnificent Seven, surged times earnings estimates for this year.

THE TRADER boxing ring, you’d have the

Magnificent Seven in one
corner and the Federal Re-
after it reported stellar fourth-quarter
numbers, and investors should be
pretty pleased if the four tech titans
That leaves the Fed primed for a
knockout. The central bank is no lon-
ger expected to cut interest rates on
serve in the other. Investors can do the same. Jan. 29. And investors aren’t pricing in
could be the winner. The results should be “excep- high odds of an ease at the Fed’s March
They were this past week tional,” says Nanette Abuhoff Jacob- meeting either. Still, many on Wall

The Stock as earnings trickled in and President

Donald Trump’s policies were, so far,
BY PAUL R.
LA MONICA
son, global investment strategist at
Hartford Funds. Meta’s profits are
Street believe it could deliver one or
two more rate cuts this year.

Market Is at benign. The S&P 500 closed at a re-

cord high on Thursday and rose 1.7%
for the week, while the Dow Jones
expected to climb more than 25%, for
example. Unfortunately, solid growth
may already be priced into the Mag 7
“The Fed probably thinks it’s in a
pretty good place with regards to pol-
icy,” says Tracey Manzi, senior invest-
The Mercy Industrial Average gained 2.2% and
the Nasdaq Composite was up 1.7%.
stocks. Phil Blancato, chief market
strategist at Osaic, thinks investors
ment strategist at Raymond James. “It
has room to be patient and see how
Of Big Tech Now viewers are turning to the
main event. Apple, Microsoft, Meta
shouldn’t chase that momentum. “If
you are already in tech, enjoy it. But
data unfold.” She thinks the 10-year
Treasury yield may not move much
And the Fed Platforms, and Tesla all report earn-
ings the week of Jan. 27, and they
don’t buy now,” he says. His chief
worry? Valuations. The Roundhill
from current levels of around 4.63%,
staying in a range of 4.4% to 4.8%.
might seem like a good bet to jolt the Magnificent Seven exchange-traded But don’t forget Trumponomics.
markets higher. Netflix, though not fund (ticker: MAGS) is trading at 31 The potential for resurgent inflation
 January 27, 2025 BARRON’S 29

due to possible tariffs—and any crackdown stock market since Trump’s election in No-
on immigration that reduces the workforce vember. The Real Estate SPDR ETF has
and pushes wages higher—could lead Fed warehouse giant Prologis, wireless infra-
Chair Jerome Powell to start sounding structure company American Tower, and Will the year-over-year change
more hawkish and spook a market that data center leaders Digital Realty and
only recently moved past his heel turn at
the December meeting.
Equinix as top holdings.
Prologis President Dan Letter said during in the US Consumer Price Index
If only it were that simple. While Law- the company’s fourth-quarter earnings con-
rence Werther, chief U.S. economist at
Daiwa Capital Markets America, isn’t ex-
ference call earlier this month that there has
been a “boom” in demand since November,
exceed 2.8% in January 2025?
pecting big moves from the Fed, he thinks it with “previously stalled deals” now being
will ease in March and June—and then wait signed. The stock gained 8.6% this past Right or wrong, you get $3 if you sign up
to see what Trump’s fiscal policies do to week.
consumer prices. “The Fed is going to Other logistics and infrastructure REITs to trade Forecast contracts.
front-load rate cuts and then prepare for also stand out. Morningstar analysts re-
some inflation pressure,” he says. cently identified American Tower competi-
If inflation doesn’t come roaring back, tor Crown Castle, which has a dividend
then the market should be able to focus yield of 7%, as well as Americold, a leader
more on strong earnings and longer-term in cold storage warehouses for perishables,
bond yields should start to retreat. That pharmaceuticals, and chemicals, which
will likely keep investors happy, as well as yields more than 4%, as top picks for this

Yes No
Trump, who has already begun to “de- year. The analysts noted that Crown Castle
mand” lower interest rates. should benefit from more spending by big
It might be a long shot, but if it works carriers like Verizon Communications
out, it would be a victory by unanimous and AT&T. And Morningstar argues that
decision for Wall Street. Americold stands to gain “as food manu-
facturers continue to ramp up production (47%) (51%)
9 Promising REITs and supply-chain issues and labor short-
It’s been dark times for real estate invest- ages abate.”
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

ment trusts in recent months. Rising mort- But residential real estate is enticing de-
gage rates have wreaked havoc on the resi- spite rising mortgage rates. Fund managers
dential market, while commercial real estate at Pimco said in a report in December that
remains a quagmire as people continue to they like single-family rental properties as
work from home. The Real Estate Select well as student housing, due in large part to
Sector SPDR ETF (XLRE) returned just housing shortages throughout the U.S.
5.1% in 2024, while the SPDR S&P 500 Morningstar likes Sun Communities,
Trade your opinion on Yes or No
ETF (SPY) gained 25%. which is a big owner of second homes and
questions on economic and climate
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

But the sector may have finally bottomed. vacation properties in Florida and Michigan,
Valuations seem reasonable, and if long- two markets that are attracting more retir-
term bond yields continue to slide as infla- ees. The stock yields 3%. indicators at Interactive Brokers and
tion worries subside, real estate stocks may Investors should tread cautiously in other
regain their appeal as bond proxies thanks parts of the sector, particularly office REITs. receive 3.83% APY* as an interest-like
to their generous dividends. The yield for The Morningstar analysts suggested that if
the Real Estate SPDR ETF is 3.4%. investors do want to bet on offices, they incentive coupon on the daily closing
But REITs aren’t just for dividend inves- should look at companies catering to the
tors. Some may also benefit from the ani- life-sciences sector because biotech compa- value of your contracts.
mal spirits that have boosted the overall nies looking to develop new drugs will need

Vital Signs
Friday’s Week’s Week’s Friday’s Week’s Week’s
Close Change % Chg. Close Change % Chg.
DJ Industrials 44424.25 +936.42 +2.15 Barron’s Future Focus 1245.09 +21.54 +1.76
DJ Transportation 16605.95 +174.69 +1.06 Barron’s Next 50 3932.46 +66.76 +1.73
DJ Utilities 1012.94 +0.40 +0.04 Barron’s 400 1314.40 +16.24 +1.25
DJ 65 Stocks 13963.09 +225.74 +1.64 Last Week Week Earlier
DJ US Market
NYSE Comp.
1491.12
19997.47
+25.39
+390.10
+1.73
+1.99
NYSE Advances
Declines
1,854
985
2,347
494
ibkr.com/forecast
NYSE Amer Comp. 5087.55 +106.47 +2.14 Unchanged 31 28
S&P 500 6101.24 +104.58 +1.74 New Highs 262 138
S&P MidCap 3275.64 +35.88 +1.11 New Lows 52 285 Member - NYSE, FINRA, SIPC. *Incentive coupon subject to variation with benchmark rates. Restrictions apply. Forecast
S&P SmallCap 1455.30 +13.31 +0.92 Av Daily Vol (mil) 4,418.1 4,352.1 contracts not suitable for all investors. Interactive Brokers LLC is a CFTC-registered Futures Commission Merchant and
Nasdaq 19954.30 +324.10 +1.65 Dollar (Finex spot index) 107.47 109.35 a clearing member and affiliate of ForecastEx LLC (“ForecastEx”). ForecastEx is a CFTC-registered Designated Contract
Value Line (arith.) 11508.45 +163.82 +1.44 T-Bond (CBT nearby futures) 113-06 113-03 Market and Derivatives Clearing Organization. Interactive Brokers LLC provides access to ForecastEx forecast contracts for
Crude Oil (NYM light sweet crude) 74.66 77.88
eligible customers. Interactive Brokers LLC does not make recommendations with respect to any products available on its
Russell 2000 2307.74 +31.86 +1.40
platform, including those offered by ForecastEx. Displayed outcomes and prices are examples only and do not reflect market
DJ US TSM Float 60720.67 +1029.42 +1.72 Inflation KR-CRB (Futures Price Index) 309.84 311.08
sentiment or expected outcomes. For more info see ibkr.com/staticfex 01-IB24-1716-HP
Gold (CMX nearby futures) 2777.30 2744.30
 30 BARRON’S January 27, 2025

Monitor the Movement of the 11 Sectors Industry Action

and 500 Components of the S&P 500 Performance of the Dow Jones U.S. Industrials, ranked by weekly percent change.*

SPDRs SECTOR TRACKER

1 DAY 5 DAY 1 MONTH 3 MONTH 6 MONTH YTD 1 YEAR 5 YEAR
Health Care
Consumer Services
Industrials
Technology
2.41
2.10
2.96%
2.80

S&P 500 INDEX XLV HEALTH CARE Telecommunications 1.40

XLC COMMUNICATION SERVICES XLI INDUSTRIALS

Financials 1.37
Utilities 0.79
XLY CONSUMER DISCRETIONARY XLB MATERIALS
Basic Materials 0.21
XLP CONSUMER STAPLES XLRE REAL ESTATE
–1.06 Consumer Goods
XLE ENERGY XLK TECHNOLOGY –3.16 Oil & Gas

XLF FINANCIAL XLU UTILITIES Source: S&P Dow Jones Indices

space, and there is growing demand for Shams Afzal, a portfolio manager at Carne-
Visit www.sectorspdrs.com or call 1-866-SECTOR-ETF
medical offices, as well. Kilroy Realty and gie Investment Counsel, which owns
Healthpeak Properties, which both yield Thermo Fisher stock. “There’s stability in
An investor should consider investment objectives, risks, charges and expenses carefully before nearly 6%, could benefit. biotech funding.”
investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF or visit
www.sectorspdrs.com. Read the prospectus carefully before investing. Just continue to keep an eye on Treasury While the specter of RFK Jr. looms large,
All ETFs are subject to risk, including possible loss of principal. Sector ETF products are also subject to sector risks and non-diversification yields. “Investors in REITs should closely the need for major healthcare companies to
risks, which generally results in greater price fluctuations than the overall stock market. Ordinary brokerage commissions apply. monitor the bond market and be prepared develop new blockbuster drugs is more im-
TheS&P500isanindexof500commonstocksthatisgenerallyconsideredrepresentativeoftheU.S.stockmarket.Youcannotinvestdirectly for potential volatility in the REIT sector,” portant. That should benefit Thermo Fisher,
in an index. said Kevin Flanagan, head of fixed-income which sells just about anything a drugmaker
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. strategy at WisdomTree, in a recent report. needs for diagnostics, says Shivani Vohra, a
The good news, though, is that these wor- portfolio manager at the Parnassus
ries may already be priced into the stocks. Growth Equity fund (PFGEX), which owns
REITs are trading at about 18 times earnings the stock.
estimates for 2025, below their five-year The company itself seems unperturbed
average. They also trade at a discount to the by the changes in the political landscape. At
S&P 500’s 22 times, when they’ve histori- the J.P. Morgan Healthcare Conference ear-
cally traded at a market multiple. lier in January, Thermo Fisher CEO Marc
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

And, oh yeah, the juicy dividend yields Casper said that “there’s quite a bit of en-
don’t hurt either. thusiasm” among its pharma and biotech
customers, despite questions about poten-
Connect with the An RFK Jr.-Proof Healthcare Stock
Healthcare stocks have been running
tial tariffs and new regulations from Health
and Human Services.

Barron’s newsroom
om
scared since the election due to concerns Investors should find out if such opti-
about what could happen if Robert F. Ken- mism is warranted when Thermo Fisher
nedy Jr. is confirmed as Trump’s Health reports its fourth-quarter results on Jan. 30
and Human Services secretary. Thermo and potentially updates its outlook for
Every Monday | 12PM ET Fisher Scientific never got the memo. 2025. Analysts are forecasting earnings to
RFK Jr.’s skeptical comments about vac- increase by 5% from a year ago, and are
Sign Up cines have raised worries about a possible predicting momentum to accelerate going
slowdown in drug development in the life- forward following post-Covid declines in
barrons.com/live sciences industry. The Health Care Select 2022 and 2023, with growth hitting 7% in
Sector SPDR ETF (XLV) is down nearly this year and 11% in 2026.
Or Scan the QR code 3% since Election Day, compared with a 3% At just under 25 times forecast earnings
gain for the S&P 500. for 2025, the stock is trading roughly in line
Not Thermo Fisher, a medical instru- with its historical averages but at a discount
ments and equipment giant that makes to rivals such as Danaher, Mettler-Toledo
things like fluorescent dyes, cell counters, International, and Bio-Techne, which all
beakers, test tubes, and electron micro- trade at multiples in the low-to-mid 30s.
scopes. Its stock, at $574.82, is up about Wall Street is fairly bullish as well, with 27
2.5% since early November and more than analyst Buys versus only five Holds. The
10% in January. The reason: RFK Jr. may consensus price target of about $650 is some
disrupt parts of the pharmaceutical indus- 13% higher than current levels.
try, but he’s unlikely to cause research to Let investors in Pfizer and Moderna
© 2024 Dow Jones & Company, Inc. All rights reserved. 4E6210 grind to a halt. worry about Trump 2.0 and RFK Jr. Thermo
“We’re optimistic on medtech,” says Fisher stock should have a healthy year. B
January 27, 2025 BARRON’S 31
INTERNATIONAL TRADER
India’s Stocks Are Value
Plays as Market Cools
BY CRAIG MELLOW Advisors. The government is aiming for
I
30% of the car market and 80% of two-
ndia’s future still looks bright. Its wheelers to be electric by 2030, which
present has gone a bit cloudy. The would mean two-thirds annual growth When you are named
iShares MSCI India exchange- until then. Internal-combustion mainstay #1 for Rivers… #1 for Oceans…
traded fund has dropped 14% from Tata Motors is leading the way so far,
a peak in late September. but Orton favors Mahindra & Mahin-
The law of gravity is partly to blame. dra. “They’re a more premium group
The ETF climbed by half over the previous that can keep pricing power,” the strate- and #1 for Expeditions, two years in a row…
18 months. So is the flight to the dollar and gist explains.
U.S. securities since President Donald Two events loom on India’s political Where do you go next?
Trump’s election. calendar. Modi unveils a federal budget
Indian fundamentals are also at play. on Feb. 1, looking to thread the needle
The central bank has held its key interest between his transformative infrastructure
rate at 6.5% since early 2023, and Prime ambitions and rising deficits.
Minister Narendra Modi’s government
dialed back spending since a pre-election
splurge early last year. That is showing

The Reserve Bank of India meets on

Feb. 6, with new Gov. Sanjay Malhotra
balancing a stimulative interest-rate cut
Onwards.
Now it is time for us to work even harder.
up in corporate profits. against a rupee that fall 3% against the
“Earnings have slowed down a bit from dollar over the past four months.
20% growth annually to midteens,” notes India has room to cut by at least 0.25%,
James Thom, head of India equity strat- believes Ning Sun, senior emerging mar-
egy for asset manager abrdn. kets strategist at State Street Global Mar-
Things will get worse before they get kets. With the consumer price basket an-
better on an index basis, predicts Matt chored by domestically produced food,
Orton, head of market strategy at Ray- central bankers need to worry less than
mond James Investment Management. peers elsewhere about importing inflation
“India is still my biggest country over- with a weaker currency. They also have
weight outside the U.S.,” Orton observes. more than $600 billion in foreign re-
“But the correction needs to get to 20% serves to smooth the rupee’s path.
to be more attractive to foreign investors.” “With the least volatile currency in
Now could be a good time for stock- emerging markets, they can afford to let
picking before the next turnaround, depreciation help growth,” she says.
though. Orton is focusing on financials, Others aren’t so sure. “The new Re-
particularly the two dominant private serve Bank of India governor might want
sector banks, HDFC Bank and ICICI to see how the dust settles in the U.S. A Viking Longship in Budapest,
Bank. Both offer “stable return on equity before moving,” suggests abrdn’s Thom. Hungary; the Viking Sky in the
Westman Islands, Iceland;
and exposure to the growing wealth man- “India’s rate path will be dictated by the the Viking Polaris in Antarctica
agement segment.” Fed.”
Banks are “trading below historical Economic slowdown in India is a
averages, and asset quality is holding up,” relative term. Gross-domestic-product
notes Venkat Pasupuleti, portfolio co- growth will cool to 7% for the fiscal year Visit viking.com, call 1-800-2-Viking or see your Travel Advisor
manager for India at Dalton Investments. ending this March, from 8.3% a year ear-
He favors smaller rivals Axis Bank and lier, Moody’s predicts. “India is where
Kotak Mahindra Bank, whose current China was in the early- to mid-2000s,”
prices are “very compelling.” Raymond James’ Orton says.
Indian electric vehicles are an infant The market’s problem is that valua-
industry to watch, notes Ajit Dayal, tions outran even this robust expansion. CST# 2052644-40
founder of Mumbai-based Quantum Right-sizing is under way. B To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.
 32 BARRON’S January 27, 2025

T H E ST RIKING PRIC E
If President Trump communicate clearly and con-
sistently, the stock market’s fear gauge should
remain subdued. The opposite is also true.

Tech Is Vying for Trump’s Equity Options

Favor. How to Play It.

CBOE Volatility Index The Equity-Only Put-Call Ratio
VIX Close VIX Futures Put-Call Ratio S&P 500 Index
40 146

35 132

118
30
104
BY STEVEN M. SEARS cate clearly and consistently, the stock 25
market’s fear gauge—as the Cboe Volatility 90

M
ajor technology leaders were Index, or VIX, is known—should remain 20
76
honored guests at President subdued and stocks should rise. The oppo-
15
Donald Trump’s inauguration site is also true. 62
on Monday. Meta Platforms’ Sophisticated investors are far from 10 48
Mark Zuckerberg, Amazon.com’s Jeff sanguine. Futures on the VIX are elevated, F M A M J J A S O N D J F M A M J J A S O N D J
Bezos, Apple’s Tim Cook, and Alphabet’s which suggests such investors are hedging Daily Values Source: CBOE Source: McMillan Analysis Corp.
Sundar Pichai all sat near Trump’s family. against a stock decline even though
On Tuesday, Trump and OpenAI, Soft- Trump’s policies are expected to benefit
Bank Group, and Oracle announced an stock investors. SPX Skew NDX Skew
investment of as much as $500 billion in The activity doesn’t indicate active Implied volatility % Implied volatility %
artificial-intelligence infrastructure. preparations for a sharp stock decline, as 16% 12%
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

The news came amid a buoyant week in such investors always try to balance risk 11
the markets, with investors reversing a and reward. The trading is seemingly 14
10
bearish bent that had been the predomi- devoid of panic. Instead, think of the VIX
nant market trend since Christmas. The futures curve as a way to express Presi- 12 9
yield on 10-year Treasury bills declined dent Ronald Reagan’s dictum: Trust, but 8
from the equity-adverse level of 4.7% to verify. VIX futures are a natural offset to 10 7
about 4.6%. The U.S. dollar also declined, potential stock declines.
6
which should boost the earnings of Amer- Presidents have historically tried ex- 8
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

5
ica’s multinational corporations. panding their power over the legislative
The question is whether these favorable and judicial branches. Trump’s domina- 6 4
conditions will persist. Trump threatened tion of the Republican Party, coupled with F M A M J J A S O N D J F M A M J J A S O N D J
to levy tariffs of 25% on Mexican and Cana- an electorate that appears to be tilting Source: Credit Suisse Equity Derivatives Strategy Source: Credit Suisse Equity Derivatives Strategy

dian goods on Feb. 1, as well as raise exist- right, might enable him to achieve that. 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.
ing tariffs on Chinese goods. The adminis- We recently suggested that investors
tration could be threatening tariffs to hedge, and that remains relevant. But op-
compel Canada and Mexico to negotiate. portunity may exist in the technology sec- Week’s Most Active
The same is true of China. tor. To embrace that thought, investors can Company Symbol Tot Vol Calls Puts Avg Tot Vol IV %ile Ratio

Tariffs may or may not drive stock consider a bullish strategy on the Technol- GSI Technology GSIT 12073 10025 2048 544 72 22.2
CNH Iundustrial CNH 32171 20115 12056 1844 34 17.4
prices lower. Long-term investors, of ogy Select Sector SPDR exchange-traded Verve Therapeutics VERV 2756 2675 81 172 64 16.0
course, should carry on and add to posi- fund (ticker: XLK). Progress Software PRGS 7220 5330 1890 488 21 14.8
tions on weakness, but professional inves- With the ETF at $239.30, investors Clearway Energy CWEN 3649 3375 274 288 77 12.7
Ericsson ERIC 33089 28399 4690 2608 97 12.7
tors who live and die by quarterly results could buy the June $240 call option and Electronic Arts EA 117141 36343 80798 10092 95 11.6
face uncertainties that are hard to forecast. sell the June $255 call for about $7.10. If the Praxis Precision Medicines PRAX 13880 11166 2714 1232 88 11.3
The U.S. stock market has awaited ETF is at $255 at expiration, the bull Houston American Energy HUSA 9262 7504 1758 844 85 11.0
Dana DAN 10834 7486 3348 1004 93 10.8
Trump with great anticipation. Analysts spread is worth a maximum profit of $15.
Industrials SPDR XLI 263216 112744 150472 26444 9 10.0
have focused on the corporations they The strategy, which entails buying a call Tempus AI TEM 294545 202369 92176 31896 93 9.2
cover, while fund managers have generally and selling another with a higher strike Middleby MIDD 11204 10722 482 1280 65 8.8

tried to remain focused on core issues like and similar expiration, is used when inves- GRAIL GRAL 7394 6348 1046 932 67 7.9
Parsons PSN 8804 7836 968 1108 68 7.9
earnings, inflation, and interest-rate cuts. tors want to cost-effectively harness an New Oriental Education EDU 18065 6206 11859 2304 14 7.8
But Trump looms over everything, and it asset that is expected to rally. (A call op- Corsair Gaming CRSR 13109 12478 631 1820 100 7.2
is hard to know how to reflect his value. tion gives the holder the right to sell an Mhimax Technologies HIMX 97110 88850 8260 14720 100 6.6
Akebia Therapeutics AKBA 11026 10364 662 1720 5 6.4
Trump unusually represents the three asset at a set price within a set period.) Kopin KOPN 48080 43541 4539 7552 98 6.4
states of risk and opportunity that influence The trade anticipates that the ETF sets
stock prices and options volatility. He is at a record high. That might seem ambitious, 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
once a known known, a known unknown, but remember who sat near Trump when 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
and an unknown unknown. If he communi- he retook the oath of office. B
 January 27, 2025 BARRON’S 33

I N S I DE SC OOP
Constellation Brands Original Filings through the purchase of 554,062
Auna shares from Dec. 2, 2024,
through Jan. 14, 2025, at per share
Accolade (ACCD) prices ranging from $6.51 to $7.70.
Magnetar Financial disclosed Following the latest purchases,

Director Bought the Dip a new position in the healthcare

technology company of 5,135,671
shares. Magnetar Financial pur-
chased those shares from Jan. 8
through Jan. 17, 2025, at per share
Grupo Ángeles owns 24.1%
of Auna’s outstanding stock.
Shares of Auna have lost nearly a
fifth in value since the company
began trading in March 2024.
BY ED LIN or unvested restricted stock units, or prices ranging from $6.83 to $6.89.

C
RSUs, valued at five times the Magnetar Financial is probably
onstellation Brands
stock tumbled earlier this
$100,000 annual cash retainer after
five years of joining. It seems possible
making an arbitrage play. On Jan.
8, Accolade announced that it has Decreases in
month after a disappoint-
ing quarterly report, and a
director just made the first
to fulfill the requirement by retaining
the grants of RSUs gleaned from di-
rector service. B
entered into a definitive agreement
to be acquired by Transcarent for
$7.03 per share in cash, valuing the
Holdings
insider stock purchase of deal at $621 million. Accolade’s Dell Technologies (DELL)
the beer, wine, and liquor board of directors unanimously Silver Lake reduced its stake in
maker in years.
Constellation said on Jan. 10 that
Big Foundation Exits approved the merger agreement
and has resolved to recommend
the computer maker to 62,513,399
shares. Silver Lake and its affili-
sales and earnings for the fiscal third Instacart, Sells that the company’s stockholders ates did so through the sale of
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

quarter ended Nov. 30 missed Wall

Street estimates. “[G]iven near-term Samsara, ServiceNow approve the merger at its next
annual meeting.
2,958,810 Dell Technologies shares
from Dec. 5, 2024, through Jan. 8,
uncertainty on when consumers will Following the purchases, Mag- 2025, at per share prices ranging

O
revert to more-normalized spending, ne of the largest foundations netar Financial owns an initial from $118.01 to $124.
we have prudently lowered our in the world recently made big 6.3% stake of Accolade’s outstand- Following the sales, Silver Lake
growth outlook,” the company said in changes in its U.S.-traded in- ing stock. owns 14.8% of Dell Technologies’
a release. Shares dropped 17% to close vestment portfolio. outstanding stock. Shares of Dell
at $181.81 the day of the report. The Wellcome Trust of London sold all Technologies have surged to gain
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

next day, Constellation stock sank as

low as $176.51, the lowest the stock has
of its shares of grocery delivery and
pickup services firm Maplebear,
Constellation
Brands stock fell Increases in roughly 55.7% since the beginning
of 2024.
traded since November 2020. Shares
continue to languish.
Director William T. Giles paid
known by its business name of
Instacart.
Wellcome also halved a position in
after a disappoint-
ing earnings
report. Director
Holdings GATX (GATX)
Gamco Investors reduced its
$186,400 on Jan. 17 for 1,000 Constel- shares of tech platform Samsara and William T. Giles Zymeworks (ZYME) stake in the car-leasing company
lation shares, an average price of trimmed a position in shares of cloud bought $186,400 EcoR1 Capital raised its stake in to 2,329,615 shares. Gamco Inves-
$186.39 each. Giles now owns 1,460 company ServiceNow in the fourth of the alcohol the oncology-focused biopharma- tors sold a net of 34,190 GATX
shares, according to a form he filed quarter. The trust disclosed the stock maker’s shares. ceutical company to 15,411,078 shares from Nov. 15, 2024, through
with the Securities and Exchange trades, among others, in a form it filed shares. EcoR1 Capital purchased Jan. 15, 2025, at per share prices
Commission. with the Securities and Exchange 718,797 Zymeworks shares from ranging from $150.05 to $167.06.
Constellation didn’t make Giles, a Commission. Dec. 24, 2024, through Jan. 10, Following the latest sales,
former chief financial officer of Auto- Wellcome declined to comment. As 2025, at per share prices ranging Gamco Investors continues to own
Zone, available for comment. Not only of Sept. 30, 2024, it had total funds of from $13.13 to $14.78. 6.6% of GATX’s outstanding stock.
was it his first stock purchase on the $41.4 billion. Following the latest purchases, Shares of GATX have gained more
open market, but it was the first by Maplebear stock soared 76% in EcoR1 continues to own 22.4% of than a quarter in value since the
any Constellation insider since Janu- 2024, nearly tripling the 23% rise in Zymeworks’ outstanding stock. beginning of 2024.
ary 2017. The other shares that Giles the S&P 500 index. Shares of Zymeworks have gained
owns were gleaned from his service as Wellcome owned 3.6 million Ma- more than a third in value since
a director. plebear shares at the end of 2024’s the beginning of 2024. These disclosures are from 13Ds filed with
the Securities and Exchange Commission.
Giles was named to Constellation’s third quarter, and sold them all by the 13Ds are filed within 10 days of an entity’s
board in July 2023 as part of a coop- end of the year. Auna (AUNA) attaining more than 5% in any class of a
company’s securities. Subsequent changes
eration agreement with Elliott Man- The trust sold 432,600 Samsara Grupo Ángeles Servicios de in holdings or intentions must be reported in
agement. shares to end 2024 with 425,900 Salud increased its stake in the amended filings. This material is from Jan. 16
There was no administrative need shares. healthcare provider to 7,214,062 through Jan. 22, 2025. Source: VerityData
(verityplatform.com)
for Giles to buy the dip. Constellation Wellcome sold 75,000 ServiceNow shares. Grupo Ángeles did so
has stock-ownership guidelines for shares to end the fourth quarter with
nonemployee directors to own stock 425,000 shares. B
 34 BARRON’S January 27, 2025

W I N N E R S & LO S E R S
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Market Lab Newsletter every Saturday
at Barrons.com/newsletters

NYSE Biggest % Movers NYSE Most Active NYSE American Most Active Nasdaq Most Active
Winners Volume Percentage Leaders Volume Percentage Leaders Volume Percentage Leaders
Name (Sym) Volume Close Change %Chg. Name (Sym) Volume %Chg. Close Change Name (Sym) Volume %Chg. Close Change Name (Sym) Volume %Chg. Close Change
AllurionTech(ALUR) 75704 8.69 +5.76 +196.6 INNOVATE(VATE) 33720 16346.6 10.59 +5.48 ExodusMovement(EXOD) 419 1094.0 61.25 +22.74 GoldenStarAcqn(GODN) 896 1697.8 2.91 –9.79
INNOVATE(VATE) 33720 10.59 +5.48 +107.2 VerticalAerospace(EVTL) 7420 837.8 5.65 –3.64 AdamsRscs(AE) 150 143.0 37.90 +0.49 TempusAI(TEM) 96285 819.4 51.40 +16.25
Oklo(OKLO) 116897 41.82 +15.77 +60.5 Redwire(RDW) 18380 435.5 21.24 +6.49 InfuSystems(INFU) 540 89.9 8.12 +0.14 HimaxTechs(HIMX) 45410 591.1 12.85 +4.00
Redwire(RDW) 18380 21.24 +6.49 +44.0 BauschHealth(BHC) 33515 412.7 7.72 +0.28 MexcoEnergy(MXC) 94 86.7 11.94 +0.08 CriticalMetals(CRML) 804 487.8 7.11 –1.39
PlanetLabs(PL) 35645 5.44 +1.62 +42.4 Guidewire(GWRE) 18739 384.2 205.96 +27.38 IssuerDirect(ISDR) 59 65.0 9.65 +0.35 XOMARoyalty(XOMA) 738 487.8 26.70 –0.06
FivePoint(FPH) 4888 5.75 +1.67 +40.9 NewOrientalEduc(EDU) 25967 322.1 46.72 –14.12 GranTierraEner(GTE) 2107 56.6 6.28 –1.12 LakelandInds(LAKE) 1010 429.9 22.73 –3.31
WNS(WNS) 3598 62.41 +15.83 +34.0 Workiva(WK) 6526 288.8 97.00 –15.03 FriedmanInds(FRD) 65 53.6 14.27 +0.32 FTAI Aviation(FTAI) 38535 425.9 90.98 –21.40
SuperGroup(SGHC) 3964 7.90 +1.98 +33.4 Endeavor(EDR) 26484 288.5 31.61 +0.58 EnergyFuels(UUUU) 26324 43.7 5.71 +0.50 ArrowheadPharm(ARWR) 29829 394.7 20.76 +1.20
Oracle(ORCL) 107708 243.3 183.60 +22.57 RadiantLogistics(RLGT) 555 43.0 7.04 +0.09 ElectronicArts(EA) 32577 311.3 116.56 –25.44
Losers CACI Intl(CACI) 3170 237.7 406.42 –45.97 EVI Industries(EVI) 78 39.9 17.49 +0.48 LSI Inds(LYTS) 1840 305.5 22.08 +2.85
Name (Sym) Volume Close Change %Chg.
MercuryGeneral(MCY) 5260 217.9 49.38 +1.19 EquinoxGold(EQX) 25973 33.8 5.87 +0.03 Agilysys(AGYS) 3588 294.8 92.24 –29.57
VerticalAerospace(EVTL) 7420 5.65 –3.64 –39.2 LithiaMotors(LAD) 3498 205.0 345.69 –6.66 Myomo(MYO) 1571 31.6 6.04 –0.06 ProgressSoftware(PRGS) 6933 284.0 53.00 –9.94
NewOrientalEduc(EDU) 25967 46.72 –14.12 –23.2 SunlandsTech(STG) 91 201.0 7.10 +1.21 IvanhoeElectric(IE) 2737 24.8 6.38 –0.33 AtaraBiotherap(ATRA) 2589 281.6 8.22 +1.65
FreyrBattery(FREY) 8485 1.99 –0.50 –20.1 Hexcel(HXL) 10578 198.9 67.60 +1.25 HiRollerTech(ROLR) 195 23.6 4.86 –1.03 InnovSolSuprt(ISSC) 1634 260.5 11.14 +0.85
ValensSemicon(VLN) 2380 2.81 –0.54 –16.1 TamboranRscs(TBN) 179 190.3 25.49 +4.05 NatlHealthcare(NHC) 241 19.8 95.99 –2.66 DynamixA(DYNX) 1129 259.2 9.83 +0.03
Offerpad(OPAD) 148 2.33 –0.42 –15.3 EmbotellAndinaB(AKO.B) 120 185.1 18.70 –0.17 TrioTech(TRT) 52 19.6 6.04 +0.19 Prenetics(PRE) 158 242.0 5.52 –0.14
LiveOakBcshs(LOB) 1198 35.02 –5.64 –13.9 ArdentHealth(ARDT) 2950 182.8 14.25 +0.15 SeaportEnt(SEG) 398 16.3 25.93 –0.58 DiscMedicine(IRON) 4103 218.7 57.45 –0.80
Workiva(WK) 6526 97.00 –15.03 –13.4 Parsons(PSN) 9691 178.0 83.79 –11.44 BarHarborBkshs(BHB) 179 12.0 31.10 0.00 Intra-Cellular(ITCI) 21763 218.0 127.35 +1.15
elfBeauty(ELF) 9020 110.55 –16.40 –12.9 RLI(RLI) 3967 177.2 72.48 –5.15 BrazilPotash(GRO) 290 11.4 5.72 –0.93 AtlIntl(ATLN) 149 215.9 4.31 –1.34
NaturalGasSvcs(NGS) 725 171.1 28.18 +0.19 LGL Group(LGL) 23 9.6 6.96 +0.41 EnlightRenewableEn(ENLT) 208 202.9 16.39 –0.71

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. D-WaveQuantum(QBTS) 485660 6.09 +0.82 +15.6 B2Gold(BTG) 199428 2.40 +0.01 +0.4 NVIDIA(NVDA) 824391 142.62 +4.91 +3.6
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ExodusMovement(EXOD) 419 61.25 +22.74 +59.0 SES AI(SES) 341816 1.13 +0.20 +21.5 EONResources(EONR) 148462 1.11 +0.09 +8.8 ImmunoPrecise(IPA) 344107 0.58 +0.05 +8.8
AXILBrands(AXIL) 128 6.60 +2.22 +50.7 FordMotor(F) 229674 10.12 –0.06 –0.6 DenisonMines(DNN) 146768 2.03 +0.15 +8.0 Lucid(LCID) 321484 2.79 –0.28 –9.1
RegionalHealth(RHE) 424 2.80 +0.51 +22.3 Ambev(ABEV) 168745 1.79 +0.01 +0.6 FoxoTech(FOXO) 134279 0.27 +0.04 +18.9 Intel(INTC) 279017 20.83 –0.66 –3.1
flyExclusive(FLYX) 208 3.56 +0.63 +21.6 Vale(VALE) 164101 8.98 +0.04 +0.4 KulrTech(KULR) 79647 2.46 +0.18 +7.9 Apple(AAPL) 276274 222.78 –7.20 –3.1
CentrusEnergy(LEU) 4562 92.00 +14.17 +18.2 NuHoldings(NU) 163323 12.34 +0.81 +7.0 Senseonics(SENS) 70325 1.13 +0.28 +33.3 SoundHoundAI(SOUN) 274981 15.84 +2.20 +16.1
PerspectiveTherap(CATX) 4553 4.01 +0.58 +16.9 Pfizer(PFE) 153814 26.09 –0.21 –0.8 OceanPwrTech(OPTT) 70001 0.85 –0.07 –7.8 PalantirTech(PLTR) 256585 78.98 +7.21 +10.0
CPI Aero(CVU) 670 5.67 +0.68 +13.6 BankofAmerica(BAC) 152335 46.52 –0.01 –0.0 TrioPetroleum(TPET) 53495 1.58 –0.20 –11.2 Tesla(TSLA) 254884 406.58 –19.92 –4.7
UraniumEner(UEC) 35797 8.01 +0.93 +13.1 NIO(NIO) 151660 4.29 –0.07 –1.6 AeonBiopharma(AEON) 44810 0.14 –0.02 –10.2 AmerAirlines(AAL) 221647 16.96 –1.31 –7.2
AT&T(T) 144217 22.72 +0.43 +1.9 NewGold(NGD) 44693 2.91 +0.16 +5.8 SoFiTech(SOFI) 217634 17.92 +1.42 +8.6
Losers VinceHolding(VNCE) 141238 3.27 –0.13 –3.8 HoustonAmEner(HUSA) 44473 1.65 –0.02 –1.2 Bitfarms(BITF) 193347 1.63 –0.05 –3.0
Name (Sym) Volume Close Change %Chg.
BigBear.ai(BBAI) 137282 4.13 +0.21 +5.4 Globalstar(GSAT) 39845 1.98 +0.09 +4.8 TilrayBrands(TLRY) 169054 1.14 –0.06 –5.0
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

HiRollerTech(ROLR) 195 4.86 –1.03 –17.4 ChargePoint(CHPT) 123917 1.00 –0.08 –7.4 UraniumEner(UEC) 35797 8.01 +0.93 +13.1 ConduitPharm(CDT) 165222 0.05 –0.03 –37.2
SigningDaySports(SGN) 1279 1.90 –0.35 –15.6 Verizon(VZ) 119175 39.54 +0.76 +2.0 Comstock(LODE) 34235 0.38 +0.08 +27.0 Rivian(RIVN) 150603 12.77 –1.44 –10.1
GranTierraEner(GTE) 2107 6.28 –1.12 –15.1 ArcherAviation(ACHR) 118566 9.97 +1.15 +13.0 ChannelTherap(CHRO) 34092 2.44 +0.54 +28.4 SuperMicroComp(SMCI) 139699 33.27 +2.45 +7.9
BrazilPotash(GRO) 290 5.72 –0.93 –14.0 Oklo(OKLO) 116897 41.82 +15.77 +60.5 NorthernDynasty(NAK) 28757 0.72 +0.09 +14.3 Amazon.com(AMZN) 133516 234.85 +8.91 +3.9
AtlasClear(ATCH) 226 5.70 –0.81 –12.4 BaytexEnergy(BTE) 116366 2.53 –0.11 –4.2 EnergyFuels(UUUU) 26324 5.71 +0.50 +9.6 DefDlyTarget2xSh(SMST) 128207 4.58 +0.87 +23.5
AgEagleAerial(UAVS) 2145 2.48 –0.35 –12.4 fuboTV(FUBO) 113123 4.04 +0.22 +5.8 EquinoxGold(EQX) 25973 5.87 +0.03 +0.5 OpendoorTech(OPEN) 127486 1.40 –0.04 –2.8
OS Therapies(OSTX) 1401 2.69 –0.26 –8.8 Oracle(ORCL) 107708 183.60 +22.57 +14.0 GoldResource(GORO) 22310 0.48 +0.12 +35.0 Nikola(NKLA) 124018 0.91 –0.43 –31.9
NovaGoldRscs(NG) 11449 3.00 –0.28 –8.5 IonQ(IONQ) 98367 40.76 +1.87 +4.8 SilvercorpMetals(SVM) 18891 3.12 +0.04 +1.3 AdvMicroDevices(AMD) 122649 122.84 +1.38 +1.1

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 B2Gold(BTG) 461291 2.40 +0.01 +0.4 NVIDIA(NVDA) 117568152 142.62 +4.91 +3.6
Oracle(ORCL) 19157186 183.60 +22.57 +14.0
Name (Sym) Volume Close Change %Chg.
TaiwanSemi(TSM) 12889752 221.88 +10.38 +4.9 CentrusEnergy(LEU) 414454 92.00 +14.17 +18.2 Tesla(TSLA) 105360426 406.58 –19.92 –4.7
GRAIL(GRAL) 7704 28.61 +11.19 +64.2 DenisonMines(DNN) 290164 2.03 +0.15 +8.0 Apple(AAPL) 61301871 222.78 –7.20 –3.1
EliLilly(LLY) 12192053 785.41 +59.69 +8.2
TempusAI(TEM) 96285 51.40 +16.25 +46.2 UraniumEner(UEC) 281905 8.01 +0.93 +13.1 Microsoft(MSFT) 38231914 444.06 +15.03 +3.5
JPMorganChase(JPM) 10803110 264.84 +5.68 +2.2
HimaxTechs(HIMX) 45410 12.85 +4.00 +45.2 EONResources(EONR) 246746 1.11 +0.09 +8.8 Netflix(NFLX) 33870860 977.59 +119.49 +13.9
UnitedHealth(UNH) 9289439 532.51 +22.75 +4.5
NeuphoriaTherap(NEUP) 25364 4.39 +1.24 +39.4 KulrTech(KULR) 193505 2.46 +0.18 +7.9 MicroStrategy(MSTR) 33280261 353.67 –42.83 –10.8
GoldmanSachs(GS) 8626946 636.90 +10.96 +1.8
Absci(ABSI) 38676 4.00 +1.10 +37.9 EquinoxGold(EQX) 150293 5.87 +0.03 +0.5 MetaPlatforms(META) 33277869 647.49 +34.72 +5.7
BerkHathwy B(BRK.B) 8075309 463.19 –4.76 –1.0
Evolus(EOLS) 5948 14.23 +3.72 +35.4 EnergyFuels(UUUU) 149171 5.71 +0.50 +9.6 Amazon.com(AMZN) 30973545 234.85 +8.91 +3.9
GE Vernova(GEV) 7508511 420.49 +19.08 +4.8
SophiaGenetics(SOPH) 663 4.20 +1.08 +34.6 TrioPetroleum(TPET) 139382 1.58 –0.20 –11.2 Broadcom(AVGO) 24474651 244.70 +7.26 +3.1
GE Aerospace(GE) 7251984 196.75 +13.90 +7.6
Replimune(REPL) 5609 13.59 +3.45 +34.0 ImperialOil(IMO) 127269 70.30 +1.88 +2.7 Alphabet A(GOOGL) 21124490 200.21 +4.21 +2.1
BankofAmerica(BAC) 7076275 46.52 –0.01 –0.0
Losers ExxonMobil(XOM) 7065368 108.66 –3.66 –3.3 NewGold(NGD) 127188 2.91 +0.16 +5.8 PalantirTech(PLTR) 19575825 78.98 +7.21 +10.0
Name (Sym) Volume Close Change %Chg. J&J(JNJ) 7035962 146.82 –0.21 –0.1 HoustonAmEner(HUSA) 111959 1.65 –0.02 –1.2 AdvMicroDevices(AMD) 14673163 122.84 +1.38 +1.1
Salesforce(CRM) 7011359 333.88 +9.32 +2.9 ChannelTherap(CHRO) 104837 2.44 +0.54 +28.4 Alphabet C(GOOG) 12453923 201.90 +4.35 +2.2
GoldenStarAcqn(GODN) 896 2.91 –9.79 –77.1
Procter&Gamble(PG) 6789619 164.12 +2.99 +1.9 UnusualMachines(UMAC) 80337 13.68 +0.73 +5.6 CoinbaseGlbl(COIN) 12064759 298.00 +2.52 +0.9
RF Acqn(RFACU) 45 6.40 –6.02 –48.5
Visa(V) 6611802 330.20 +10.58 +3.3 Globalstar(GSAT) 75394 1.98 +0.09 +4.8 Arm(ARM) 9601130 162.52 +13.26 +8.9
StardustPower(SDST) 8485 1.20 –0.84 –41.2
Vistra(VST) 6591001 191.11 +20.25 +11.9 Senseonics(SENS) 69250 1.13 +0.28 +33.3 MicronTech(MU) 9029490 103.19 –2.56 –2.4
RF Acqn A(RFAC) 126 6.93 –4.52 –39.5
Walmart(WMT) 6348879 94.76 +2.82 +3.1 OceanPwrTech(OPTT) 62775 0.85 –0.07 –7.8 TexasInstruments(TXN) 8479330 185.52 –6.90 –3.6
BigTreeCloud(DSY) 527 2.28 –1.17 –33.9
HomeDepot(HD) 5500212 414.50 +5.12 +1.3 SilvercorpMetals(SVM) 58619 3.12 +0.04 +1.3 Costco(COST) 6689262 939.68 –3.51 –0.4
Falcon'sBeyondGlbl(FBYD) 196 4.03 –1.52 –27.3
ServiceNow(NOW) 5429276 1124.98 +53.50 +5.0 SilverCrestMetals(SILV) 56775 10.07 +0.21 +2.1 Booking(BKNG) 6688970 4764.89 –161.91 –3.3
AlphaModusA(AMOD) 538 1.74 –0.56 –24.5
Citigroup(C) 5413995 81.48 +1.49 +1.9 FoxoTech(FOXO) 40453 0.27 +0.04 +18.9 IntuitiveSurgical(ISRG) 6384572 584.05 –8.59 –1.4
Agilysys(AGYS) 3588 92.24 –29.57 –24.3

Includes Common shares only. All figures reflect activity for the most-recent five-day trading week. Share volume figures are expressed in thousands. Volume percentage leaders exclude stocks with average daily volume of fewer than 5,000 shares or priced under $5.
Average volume is based on 65 trading days. Volume figures do not reflect extended trading hours. a-Stock has not been in existence or not been traded for 65 consecutive sessions. S-Stock split or stock dividend amounting to 10% or more. X-Ex-dividend
 January 27, 2025 BARRON’S 35

R E S EA RCH REPORTS
For a look back at more analyst
research and reports, go online to
barrons.com/researchreports

How Analysts Size

Up Companies
Amazon.com • AMZN-Nasdaq story today in our view is Carnival’s Insider Transactions
Buy • $224.94 on Jan. 21 increasing leverage to private destina- Purchases Sales
These reports, by BofA Securities tions. Celebration Key [a new private $ Val $ Val
Company Symbol Insiders Shares (000's) Company Symbol Insiders Shares (000's)
excerpted and beach development in the Bahamas] Flowco FLOC 5 76,600 1,838 Priority Technology PRTH 3 5,122,431 38,111
edited by Barron’s,
Amazon.com outperformed the Nas- opens in July 2025, and will represent Ardelyx
Neogen
ARDX
NEOG 2
1 199,000
37,835
993
419
Tempus Ai
Airbnb
TEM
ABNB 2
1 946,084 33,137
214,985 27,723
were issued recently
by investment and daq and e-commerce sector in 2024 4% to 5% capacity in 2025, and 14% Cme Group CME 1 1,429 326 Reddit RDDT 2 157,742 27,290
Constellation Brands STZ 1 1,000 186 Rh RH 3 55,880 24,551
research firms. (44% versus 25% for Nasdaq), aided by to 15% in 2026, with a path materially Rxsight RXST 1 3,210 100 Roblox RBLX 3 334,879 21,624
Caleres CAL 1 5,000 100 C3.Ai AI 1 665,432 20,883
The reports are a multiple expansion with forward-year higher in the future. Said differently, Fidelity National Information Services FIS 1 701 56 Onto Innovation ONTO 2 85,827 18,182
sampling of analysts’ Townebank TOWN 2 1,535 50 Datadog DDOG 2 126,476 17,449
price/sales growing to 3.1 times (vs. 2.3 we believe that about two million peo- Vyne Therapeutics VYNE 1 15,000 44 Coinbase Global COIN 2 57,897 17,097
thinking; they should Anixa Biosciences ANIX 1 16,000 41 Atlassian TEAM 3 65,104 16,520
not be considered
times at start of 2024). While Amazon ple will visit Celebration Key in 2025, Avadel Pharmaceuticals Plc AVDL 1 5,000 40 Rubrik RBRK 3 239,105 15,521
the views or recom- Web Services growth and retail-mar- with Carnival pointing to an ability to Mackenzie Realty Capital
Gee Group
MKZR
JOB
1
1
15,000
131,779
38
32
Credo Technology
Schlumberger Ltd
CRDO
SLB
2
6
210,000 15,078
256,826 11,302
mendations of gin expectations have increased, we bring future capacity closer to seven Arena Group AREN 1 25,000 31 Neurocrine Biosciences NBIX 1 65,000 9,198
Chemung Financial CHMG 1 592 28 Cloudflare NET 1 65,000 7,783
Barron’s. Some of think artificial-intelligence-driven million-plus over time. For context, Invizyne Technologies IZTC 1 1,888 20 Gitlab GTLB 3 99,751 6,304
the reports’ issuers York Water YORW 6 405 13 Samsara IOT 2 129,022 6,075
cloud growth remains a top sector Royal Caribbean’s CocoCay is 3.5 Mdb Capital MDBH 1 1,000 6 J.P. Morgan Chase & Co JPM 5 23,426 5,949
have provided, or Fitlife Brands FTLF 1 150 5 Chewy CHWY 1 125,358 4,723
hope to provide, opportunity, while retail margin ex- million. The second pier timeline has
An insider is any officer, director or owner of 10% or more of a class of a company's securities. In most cases, an insider must report any
investment-banking pansion can continue to drive outsize been pulled forward, which theoreti- trade to the SEC within two business days. The tables highlight companies that filed with the SEC through last Wednesday. The tables
or other services to profit growth versus peers. Amazon is cally allows Carnival to meet the cur- do not include pension-plan or employee stock-option activity, trades by beneficial owners of 10% or more, trades under $2 per share or
trades under 100 shares. The "Purchases" column includes only open-market and private purchases; the "Sales" column includes only
the companies being also relatively well positioned for rent land capacity of 13,000 to 14,000 open-market and private sales, and excludes trades preceded by option exercise in the 12 months prior to the reported event. Source:
analyzed. LSEG Data and Analytics
impact of U.S. dollar appreciation, per day, or four million to five million
which aids cloud margins. guests (prior to any further expansion, Insider Transactions Ratio
Key positives for 2025 include: which it sounds like is already being
80
1) strong AI-demand cycle for AWS contemplated). Price target: $32.
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drives upside; 2) further retail margin

efficiencies drive outsize profit Seagate Technology Holdings 60

growth; 3) a robotics play, which • STX-Nasdaq Bearish Ratio = 79

should drive a multiyear productivity Overweight • $97.67 on Jan. 17 40

cycle and reduce labor dependence; by Morgan Stanley
4) ramp in Prime Video ad dollars; 20
5) further head-count cost savings Seagate Technology Holdings shares
Bullish
from midlevel manager cuts; and 6) have underperformed the S&P 500 0
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

online retail normalization, as data index by 18 points and our information- F M A M J J A S O N D J

points suggest a meet/beat fourth- technology hardware coverage by 14 Ratio of Insiders Sales to Buys. Readings under 12:1 are Bullish. Those over 20:1 are Bearish. The total top 20 sales and buys are
quarter/holiday season. Price points since fiscal first-quarter earnings 344,497,784 and 4,364,136 respectively; Source: LSEG Data and Analytics
objective: $255. in October 2024, primarily due to cycle-
related concerns, which has been exac-
Nvidia • NVDA-Nasdaq erbated by a supply issue disclosed in Netflix • NFLX-Nasdaq we laid out during our initiation, we
Buy • $137.71 on Jan. 17 an early-December 2024 8-K. However, Buy • $869.69 on Jan. 21 believe that buy now, pay later, or
by UBS our recent industry checks give us by Seaport Research Partners BNPL, is growing in usage similar to
greater confidence that: 1) even after six the early days of debit. If this is the
Nvidia has essentially tread water quarters of quarter-over-quarter capac- Increasing our Netflix price target case, the future looks bright with a
since last earnings, in part due to ity growth, hard disk drive, or HDD, to $1,025 on the much-better-than- long journey ahead. However, we
supply-chain noise and concerns nearline storage demand remains ro- expected net adds of 18.9 million- have valuation parameters that we
around the ramp of Blackwell server bust, cloud service provider HDD in- plus members, the flow-through to adhere to and honor, and the shares
racks. We remain confident that ventory remains in-check, and HDD a higher 2025 revenue guide, and the have reached our price target. At the
Nvidia will deliver strong fiscal- pricing continues to grow Q/Q; and 2) increased 2025 estimated operating same time, data on U.S. online spend-
fourth-quarter (January) results and the supply issue negatively impacting income margin guide to 29% from ing during the holiday season suggest
fiscal-first-quarter (April) guidance, March-quarter results should be transi- 28%. Netflix continues to prove that that BNPL share of spending didn’t
and that investor concerns around tory. At the same time, our updated it is the best house on the streaming increase much year over year, which
a near-term “air pocket” are over- heat-assisted magnetic recording, or block, and is priced accordingly at may imply that Affirm gross mer-
blown....Net, our estimates are largely HAMR, volume and margin analysis 32.4 times estimated 2025 enterprise chandise volume could come in
unchanged and our price target points to consensus gross margins esti- value/operating income before depre- below consensus. While we remain
remains $185. mates that remain too conservative in ciation and amortization. confident in Affirm’s long-term abil-
the near to medium term....With short ity to gain share from debit and credit
Carnival • CCL-NYSE interest close to a 12-month high and Affirm Holdings • AFRM-Nasdaq fueled by its expansion offline and
Outperform • $25.60 on Jan. 22 low expectations heading into calendar Neutral • $57.99 on Jan. 21 internationally, we are trimming
by Mizuho first-half 2025, we are taking the con- by Susquehanna Financial Group estimates modestly and moving to
trarian view and elevating Seagate to Neutral while maintaining our $57
The most incremental aspect of the our Top Pick. Price target: $129. Consistent with the investment thesis price target.
 36 BARRON’S January 27, 2025

Barron's 50-Stock Average 52 Dow Jones Per Share Values 50 Mutual Funds 46 Week In Stocks 50

DATA
Cash Track 46 Exchange Traded Portfolios 45 N.Y. Stock Exchange 36 Weekly Bond Statistics 52
Coming Earnings 51 Federal Reserve Data Bank 52 Nasdaq National Market 40 Winners & Losers Stocks 34
Conference Call Calendar 53 Foreign Exchange 49 New Corporate Listings 50
Consensus Estimate 51 Gold & Silver Prices 52 New Highs & Lows 53
Delta Tactical Sentiment 51 Gold Mining Index 52 NYSE Half-Hourly Volume 50
Distributions & Offerings 50 Indexes P/Es & Yields 50 Other Market Indexes 49
Dividend Boosts - Reductions 52 Initial Public Offerings 50 Pulse of the Economy 51
Dividend Ex-Payment Dates 52 Investor Sentiment Readings 50 Stock Splits - Special Dividends 52
DJ Averages 49 Key Foreign Market Indexes 44 Stock Volume 50
DJ U.S. Total Market Industry Groups 51 Market Lab 49 Trading Diary 49
Contact Us
Dow Jones Averages 49 Money Rates, U.S. & Foreign 51 Vital Signs 29 For queries, email us at
Statistics from January 21-24, 2025 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.
18.45 10.12 AmbacFin AMBC ... dd 11.22 –0.20 ... 88.89 51.47 Aptiv APTV ... 7 63.43 +2.27 ... 28.00 19.59 Avantor AVTR ... 49 22.06 –0.05 ... 387.99 262.12 Bio-RadLab A BIO ... dd 354.79 +12.38 ...
A
2.72 1.76 Ambev ABEV 5.7 10 1.79 +0.01.0352 42.49 28.39 Aramark ARMK ... 40 39.00 –0.16 ... 233.48 181.99 AveryDennison AVY 1.8 23 191.52 +0.20 .88 357.05 279.91 Bio-RadLab B BIO.B ... dd 357.05 +16.05 ...
10.18 9.96 AAMissionAcqnA AAM ... ... 10.13 +0.01 ... 11.48 8.78 Amcor AMCR 5.2 18 9.76 +0.06.1275 15.94 11.92 ArborRealty ABR 12.8 10 13.39 –0.41 .43 54.68 35.58 Avient AVNT 2.5 26 42.66 +0.22 .27 64.78 41.00 Birkenstock BIRK ... 54 59.84 –0.09 ...
76.34 54.71 AAR AIR ... cc 70.53 +0.32 ... 34.50 18.38 Amentum AMTM ... ... 21.59 –1.20 ... 5.76 2.19 ArcadiumLithium ALTM ... 41 5.75 +0.03 ... 39.99 31.91 Avista AVA 5.3 14 35.98 –1.23 .475 65.59 49.34 BlackHills BKH 4.5 15 57.56 –2.02 .65
59.78 39.64 ABMIndustries ABM 2.0 41 52.63 –0.46 .265 31.60 10.11 AmerSports AS ... dd 30.58 +0.82 ... 28.95 20.52 ArcelorMittal MT 1.7 dd 24.90 +1.64 .25 41.66 30.40 AxaltaCoating AXTA ... 25 36.76 +0.48 ... 4.35 2.01 BlackBerry BB ... dd 4.17 +0.18 ...
6.62 4.37 ACCO Brands ACCO 5.7 dd 5.24 +0.04 .075 27.00 18.54 AmerantBncp AMTB 1.5 dd 23.23 +1.02 .09 12.48 2.82 ArcherAviation ACHR ... dd 9.97 +1.15 ... 88.46 44.10 AxosFinancial AX ... 9 71.84 –0.22 ... 1082.45 745.55 BlackRock BLK 2.0 24 1020.45 +15.49 5.10
18.15 9.47 AcresCmclRlty ACR ... 21 17.63 –0.05 ... 96.74 67.03 Ameren AEE 2.8 22 94.12 –0.05 .67 66.08 48.40 ADM ADM 4.0 14 50.51 –0.78 .50 8.73 1.57 Azul AZUL ... dd 2.30 –0.03 ... 15.25 3.86 BlackSkyTech BKSY ... dd 14.96 +3.23 ...
6.04 1.66 ADC Therap ADCT ... dd 1.77 –0.06 ... 39.68 17.55 Ameresco AMRC ... 23 22.65 –0.40 ... 30.44 15.65 Archrock AROC 2.4 33 29.70 –0.03 .175 200.96 115.82 Blackstone BX .8 64 186.74 +6.79 .86
B
8.25 6.10 ADT ADT 2.9 8 7.48 +0.21 .055 20.31 13.63 AmericaMovil AMX 3.6 21 14.13 +0.46 .245 13.20 7.02 ArcosDorados ARCO 3.3 11 7.33 +0.18 .06 21.50 16.53 BlackstoneMtg BXMT10.6 dd 17.78 –0.65 .47
118.56 82.23 AECOM ACM .8 37 109.15 +0.22 .26 29.15 20.03 AmericanAssets AAT 5.5 25 24.29 –0.52 .335 113.43 72.75 Arcosa ACA .2 38 100.24 +2.29 .05 2.56 0.87 Bark BARK ... dd 1.93 –0.07 ... 5.53 2.08 BlendLabs BLND ... dd 3.70 +0.10 ...
22.21 11.08 AES AES 6.1 8 11.60 –0.22 .176 8.98 5.41 AmericanAxle AXL ... 25 5.86 –0.03 ... 20.31 12.88 ArcusBiosci RCUS ... dd 13.16 –0.87 ... 11.97 6.12 B&G Foods BGS 11.5 dd 6.63 +0.14 .19 68.45 42.28 BlockHR HRB 2.8 13 52.91 –2.27 .375
115.50 75.08 Aflac AFL 2.2 16 104.91 –1.58 .58 26.44 15.36 AmerEagle AEO 2.9 15 17.29 +1.26 .125 4.26 2.66 ArdaghMetalPkg AMBP14.3 dd 2.79 –0.01 .10 35.22 18.71 BBB Foods TBBB ... dd 30.82 +1.31 ... 99.26 55.00 Block XYZ ... 50 88.67 +1.71 ...
130.26 84.35 AGCO AGCO 1.1 46 104.98 +3.29 .29 326.27 192.26 AmerExpress AXP .9 24 321.34 +8.78 .70 20.72 13.63 ArdentHealth ARDT ... 22 14.25 +0.15 ... 41.15 21.87 BCE BCE 12.5 cc 23.53 +0.38.7252 29.83 8.41 BloomEnergy BE ... dd 29.81 +5.89 ...
7.95 5.44 AG Mortgage MITT11.5 3 6.50 –0.03 .19 150.19 115.64 AmericanFin AFG 2.4 13 135.09 –0.04 .80 23.44 10.86 ArdmoreShipping ASC 9.8 3 11.07 –1.17 .18 2.77 1.85 BEST BEST ... dd 2.73 +0.02 ... 16.91 13.98 BlueOwlCapital OBDC 9.9 9 14.88 +0.04 .37
33.73 7.22 a.k.a.Brands AKA ... dd 15.91 –2.28 ... 29.99 12.63 AmerHlthcrREIT AHR 3.5 dd 28.90 +1.00 .25 11.04 10.48 AresAcqnII A AACT ... 26 11.00 +0.01 ... 10.74 5.03 BGSF BGSF .0 dd 5.18 –0.05 .15 26.73 15.18 BlueOwlCapital OWL 2.7 cc 26.68 +2.40 .18
11.88 2.38 AMC Ent AMC ... dd 3.42 –0.08 ... 41.41 33.75 AmHomes4Rent AMH 3.0 36 34.60 –0.59 .26 10.53 5.33 AresCommRealEst ACRE17.4 dd 5.75 –0.18 .25 63.21 48.06 BHP Group BHP 5.8 16 49.87 –0.22 1.44 134.79 87.67 BlueLinx BXC ... 32 109.45 +2.73 ...
79.74 22.47 AMN Healthcare AMN ... 20 27.68 +1.79 ... 80.83 67.53 AIG AIG 2.2 20 73.78 –1.31 .40 197.53 119.76 AresMgmt ARES 1.9 89 197.32 +6.00 .93 97.86 43.11 BILL BILL ... dd 93.88 +4.98 ... 214.63 137.03 Boeing BA ... dd 176.06 +4.97 ...
5.80 2.55 AMTD Digital HKD ... ... 2.73 +0.02 ... 23.44 12.51 AmRltyInv ARL ... dd 15.55 –0.23 ... 191.46 43.97 Argan AGX .9 35 168.54 –9.35 .375 4.88 1.79 BitMining BTCM ... dd 2.84 –0.06 ... 155.42 113.38 BoiseCascade BCC .7 12 127.11 –0.86 .21
2.00 0.98 AMTD IDEA AMTD ... ... 1.04 +0.01 ... 87.50 66.03 AmerStWater AWR 2.6 24 71.50 –3.38.4655 30.40 8.31 ArisWater ARIS 1.4 37 29.72 –0.08 .105 100.74 64.06 BJ'sWholesale BJ ... 23 97.05 +2.00 ... 170.77 71.54 BootBarn BOOT ... 34 168.76 +8.06 ...
12.86 8.10 ASE Tech ASX ... 24 10.86 +0.34 ... 10.91 5.46 AmerStratInvt NYC ... dd 9.15 +0.35 ... 133.57 60.08 AristaNetworks ANET ... 62 129.17 +9.22 ... 26.78 17.39 BKV BKV ... dd 26.49 +2.11 ... 190.59 127.09 BoozAllen BAH 1.5 21 133.44 –2.62 .51
106.42 82.04 ASGN ASGN ... 23 92.27 +3.82 ... 243.56 170.46 AmerTowerREIT AMT 3.5 78 185.08 –5.31 1.62 17.64 8.38 ArloTech ARLO ... dd 11.84 +0.01 ... 40.40 27.82 BP BP 6.0 33 31.45 –0.24 .48 38.23 29.51 BorgWarner BWA ... 8 32.65 +0.36 ...
24.03 15.94 AT&T T 4.9 18 22.72 +0.43.2775 14.28 4.26 AmerVanguard AVD 2.1 dd 5.66 +0.58 .03 12.46 9.26 ArmadaHoffler AHH 8.3 dd 9.85 +0.09 .205 3.20 0.40 BP Prudhoe BPT ... ... .58 +0.11 ... 7.42 3.26 BorrDrilling BORR .0 12 3.51 +0.04 .02
68.92 38.04 ATI ATI ... 22 58.56 +1.38 ... 150.68 113.34 AmerWaterWorks AWK 2.5 24 121.63 –4.97 .765 21.93 17.35 ArmourResREIT ARR 15.6 8 18.51 –0.15 .24 7.14 2.78 BRC BRCC ... dd 2.85 –0.13 ... 371.65 243.20 BostonBeer SAM ... 36 248.42 –4.01 ...
29.00 5.00 AmericanWell AMWL ... dd 11.00 +1.45 ... 164.40 97.77 ArmstrongWorld AWI .8 27 150.20 +1.52 .308 16.99 12.41 BostonOmaha BOC ... dd 14.58 –0.20 ...
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44.70 24.82 ATS ATS ... 29 28.16 +1.66 ... 4.87 2.67 BRF BRFS 2.4 10 3.70 –0.05.0217
19.63 12.27 A10Networks ATEN 1.2 29 19.27 +0.31 .06 30.45 20.41 AmericoldRealty COLD 4.1 dd 21.68 +0.28 .22 137.80 108.51 ArrowElec ARW ... 13 119.20 +2.55 ... 20.22 15.21 BRT Apartments BRT 5.9 dd 16.98 –0.58 .25 102.15 60.72 BostonSci BSX ... 84 101.94 +3.28 ...
94.89 55.56 AXIS Capital AXS 2.0 12 88.17 –2.06 .44 577.00 378.06 Ameriprise AMP 1.1 22 563.58 +11.39 1.48 49.54 37.89 ArtisanPtrsAsset APAM 6.4 13 44.15 +1.28 .82 22.31 9.95 BW LPG BWLP27.2 3 11.62 –0.65 .42 37.81 22.14 Bowhead BOW ... 34 31.78 –1.25 ...
54.91 35.48 AZEK AZEK ... 49 50.54 +0.57 ... 74.56 44.23 AmerisBancorp ABCB 1.2 13 64.41 –0.42 .20 32.33 16.48 Artivion AORT ... dd 30.66 –0.06 ... 136.31 81.38 BWX Tech BWXT .8 42 127.65 +5.22 .24 35.74 24.56 Box BOX ... 39 31.55 +0.02 ...
97.98 61.68 AZZ AZZ .8 82 86.54 –1.10 .17 198.33 149.03 Ametek AME .6 33 187.98 +7.25 .28 27.77 11.05 Asana ASAN ... dd 19.65 +0.31 ... 90.11 56.46 BXP BXP 5.3 32 73.56 +0.37 .98 76.73 49.34 BoydGaming BYD .9 14 75.43 +0.54 .17
125.67 99.71 AbbottLabs ABT 1.9 16 125.03 +11.55 .59 2.79 0.74 Ampco-Pitt AP ... dd 2.68 +0.07 ... 277.13 195.09 AsburyAutomotive ABG ... 15 261.08 +16.30 ... 2.99 0.75 Babcock&Wilcox BW ... dd 1.46 –0.15 ... 77.68 56.09 Brady BRC 1.3 18 74.50 +0.99 .24
207.32 153.58 AbbVie ABBV 3.9 59 170.30 –1.26 1.64 79.39 49.98 Amphenol APH .9 40 77.19 +7.77 .165 20.79 5.20 AshfordHosp AHT ... dd 8.44 –0.35 ... 239.11 139.50 BadgerMeter BMI .6 52 210.43 –4.74 .34 3.95 1.79 BraemarHtls BHR 8.0 dd 2.51 –0.04 .05
196.99 101.14 Abercrombie&Fitch ANF ... 12 123.42 –6.93 ... 8.15 3.56 AmplifyEnergy AMPY ... 4 5.49 –0.37 ... 102.50 68.15 Ashland ASH 2.3 20 71.07 –0.36.405 39.75 5.57 Bakkt BKKT ... dd 29.44 +0.58 ... 6.54 3.85 BrandywineRealty BDN 11.2 dd 5.35 ... .15
26.29 16.10 AcadiaRealty AKR 3.3 cc 22.96 +0.31 .19 4.70 0.61 AmpriusTech AMPX ... dd 3.64 +0.28 ... 33.15 10.75 AspenAerogels ASPN ... cc 11.53 –1.19 ... 71.32 51.96 Ball BALL 1.5 dd 55.00 +0.71 .20 5.20 3.52 BrasilAgro LND 6.5 7 3.84 +0.10.2561
31.52 20.18 AcadianAsset AAMI .2 16 25.80 +0.83 .01 39.67 15.88 Amrep AXR ... 13 30.32 –2.46 ... 28.18 19.40 AssociatedBanc ASB 3.7 21 25.12 –0.05 .23 23.20 16.04 Bally's BALY.T ... dd 17.75 –1.23 ... 10.98 3.69 Braskem BAK ... dd 4.84 +0.67 ...
12.96 9.37 AccelEnt ACEL ... 22 11.15 +0.43 ... 13.32 8.88 AngelOakMtgREIT AOMR12.6 3 10.14 +0.06 .32 43.85 28.58 AssocCapital AC .6 14 35.75 –0.43 .10 18.15 9.74 Bally's BALY ... dd 18.13 +0.03 ... 66.71 32.10 BreadFinancial BFH 1.3 10 64.49 +2.96 .21
387.51 278.69 Accenture ACN 1.6 30 362.41 +9.82 1.48 32.57 16.49 AngloGoldAsh AU 1.5 cc 28.23 +0.94 .22 230.55 160.12 Assurant AIZ 1.5 15 210.90 –0.69 .80 18.08 11.88 BancCalifornia BANC 2.5 31 15.99 –0.19 .10 11.69 6.18 BridgeInvt BRDG 5.0 dd 7.98 +0.11 .10
345.30 217.64 AcuityBrands AYI .2 25 335.01 +4.65 .17 67.49 45.94 AB InBev BUD ... 17 48.87 +0.87 ... 96.60 72.57 AssuredGuaranty AGO 1.3 7 92.26 +0.53 .31 25.01 5.01 BancoBBVA BBAR .0 10 22.54 +0.65.4713 141.90 94.83 BrightHorizons BFAM ... 58 115.19 –2.35 ...
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

76.65 58.54 Acushnet GOLF 1.3 23 67.12 –6.61 .215 21.11 17.67 AnnalyCap NLY 13.3 dd 19.48 +0.16 .65 194.98 76.01 Atkore ATKR 1.5 7 84.90 –0.27 .32 12.20 8.65 BBVA BBVA 5.3 6 11.21 +0.52.3244 3.23 1.35 BrightScholar BEDU ... dd 1.95 +0.26 ...
12.08 8.72 Adecoagro AGRO 3.6 6 9.46 –0.20 .174 20.00 4.21 AnnovisBio ANVS ... dd 4.92 –0.09 ... 44.54 30.43 AtlUnionBkshs AUB 3.7 16 36.56 –1.31 .34 2.96 1.71 BancoBradesco BBDO 7.5 7 1.82 –0.02.0028 7.71 5.07 BrightSpire BRSP11.4 dd 5.59 –0.20 .16
36.04 16.28 Adient ADNT ... 75 17.14 ... ... 16.86 11.58 AnteroMidstream AM 5.5 20 16.39 –0.10 .225 25.38 16.42 AtlasEnergy AESI 4.0 31 23.92 –0.28 .24 25.97 20.93 BancodeChile BCH 5.0 9 24.72 +1.221.6924 18.89 8.12 BrightView BV ... cc 15.60 –0.38 ...
100.54 43.78 AdtalemGlbEduc ATGE ... 23 99.62 +1.45 ... 41.53 20.56 AnteroResources AR ... cc 40.15 –0.31 ... 152.65 110.46 AtmosEnergy ATO 2.5 20 139.51 –5.86 .87 39.40 22.93 Bladex BLX 5.3 7 37.64 –1.16 .50 115.91 79.03 Brink's BCO 1.0 35 93.35 +0.69.2425
88.56 35.59 AdvanceAuto AAP 2.1 66 48.44 +2.53 .25 7.89 2.71 AnywhereRealEst HOUS ... dd 3.79 +0.41 ... 45.43 21.09 AtmusFiltration ATMU .5 20 43.05 +0.84 .05 118.42 28.68 BancoMacro BMA 6.0 5 104.36 –0.091.7446 155.13 39.17 BrinkerIntl EAT ... 37 149.50 +5.38 ...
184.27 110.75 AdvDrainageSys WMS .5 20 125.08 –0.41 .16 395.33 268.06 Aon AON .7 31 369.16 +2.99 .675 3.70 1.01 ATRenew RERE ... dd 2.61 –0.03 ... 6.02 3.75 BancSanBrasil BSBR 5.1 ... 4.25 +0.05 .066 61.08 39.35 BristolMyers BMY 4.2 dd 59.67 +3.38 .62
33.00 20.86 AdvanSix ASIX 2.0 22 31.63 +0.05 .16 9.49 7.06 ApartmtInv AIV 18.4 dd 8.93 –0.08 .60 10.85 6.17 Auna AUNA ... dd 8.23 –0.21 ... 21.43 17.73 BcoSantChile BSAC 2.8 11 20.36 +1.31.7557 0.16 0.03 BristolMyersRt CELG.RT44.2 ... .04 ....0199
6.96 5.53 Aegon AEG 4.6 dd 6.50 +0.13.1723 40.89 31.44 APi Group APG ... dd 38.18 +0.73 ... 34.70 21.89 Autohome ATHM 6.1 14 27.66 +0.01 1.15 5.27 3.83 BancoSantander SAN 3.0 6 5.08 +0.19.1116 41.50 24.33 Bristow VTOL ... 19 35.17 –1.35 ...
100.81 75.83 AerCap AER 1.1 8 94.99 –0.71 .25 11.97 8.44 ApolloComRlEst ARI 11.2 dd 8.93 –0.09 .25 129.38 89.51 Autoliv ALV 2.7 13 102.70 +4.58 .70 37.85 30.25 BanColombia CIB 9.6 11 35.67 +3.52 .801 39.54 28.25 BritishAmTob BTI 7.7 dd 37.91 +1.61.7431
7.25 2.20 AevaTech AEVA ... dd 4.31 –0.14 ... 189.49 95.11 ApolloGlblMgmt APO 1.1 18 172.06 +5.07.4625 197.18 136.35 AutoNation AN ... 11 182.70 –2.55 ... 48.08 32.35 BankofAmerica BAC 2.2 14 46.52 –0.01 .26 30.67 20.80 BrixmorProp BRX 4.3 24 26.47 +0.16.2875
199.52 147.13 AffiliatedMgrs AMG .0 12 186.69 –0.31 .01 16.99 13.60 AppleHospREIT APLE 6.3 18 15.16 +0.12 .08 3416.71 2672.31 AutoZone AZO ... 22 3332.53 +104.13 ... 40.55 28.73 BankofButterfield NTB 4.9 8 36.03 –0.99 .44 237.96 188.30 BroadridgeFinl BR 1.5 41 237.35 +6.95 .88
155.35 124.16 AgilentTechs A .7 34 151.44 +4.08.248 282.98 176.32 AppliedIndlTechs AIT .6 27 260.66 +3.27 .37 239.29 169.37 Avalonbay AVB 3.2 29 214.75 –3.39 1.70 82.70 54.50 BankofHawaii BOH 3.9 21 71.11 –0.11 .70 19.15 14.21 Broadstone BNL 7.2 21 16.04 +0.29 .29
7.73 1.50 agilon health AGL ... dd 3.61 +0.52 ... 178.03 128.05 Aptargroup ATR 1.1 32 158.30 +2.21 .45 25.36 14.98 AvanosMedical AVNS ... 47 15.81 –0.11 ... 104.63 76.98 BankMontreal BMO 4.5 14 100.97 +1.901.1142 8.12 4.71 BrookdaleSrLiving BKD ... dd 4.92 –0.04 ...
90.49 44.37 AgnicoEagleMines AEM 1.8 45 89.94 +4.91 .40 86.34 52.64 BankNY Mellon BK 2.2 15 85.79 +2.50 .47 60.11 37.29 BrookfieldAsset BAM 2.5 55 59.96 +4.39 .38
78.39 54.28 AgreeRealty ADC 4.2 40 71.83 –0.61 .253 57.07 43.68 BankNovaScotia BNS 5.8 12 51.92 +1.04.7535 28.29 18.21 BrookfieldBus BBUC 1.1 dd 23.36 +0.03.0625
52.31 39.35 AirLease AL 1.9 11 46.96 +0.30 .22 44.45 24.34 BankUnited BKU 2.8 13 40.83 +1.01 .29 62.44 38.18 Brookfield BN .5 cc 61.07 +2.89 .08

Five-Day Dow Composite

337.00 212.24 AirProducts APD 2.2 19 329.26 +11.46 1.79 14.92 7.07 Barclays BCS 2.8 10 14.62 +0.36.1528 45.29 28.47 BrookfieldInfr BIPC 3.8 dd 42.80 +3.14.405
231.40 163.74 AlamoGroup ALG .6 19 185.53 +3.18 .30 10.38 8.67 BaringsBDC BBDC10.5 9 9.90 +0.20 .26 36.50 24.84 BrookfieldInfr BIP 4.9 dd 33.36 +2.14.405
21.45 11.24 AlamosGold AGI .5 34 20.60 +1.06 .025 135.00 6.05 Barnes&NobleEduc BNED ... dd 11.29 +0.13 ... 35.14 21.35 BrookfieldRenew BEPC 5.6 dd 25.57 +0.22 .355
71.70 32.62 AlaskaAir ALK ... 23 69.95 +3.61 ... 47.50 32.23 BarnesGroup B 1.3 dd 47.48 +0.17 .16 62.26 38.25 BrookWealth BNT .0 ... 61.05 +2.94 .08
98.73 67.39 AlbanyIntl AIN 1.3 25 80.94 –0.39 .27 Up, Up, and Away: The Dow gained 2.2% this week, when Trump didn’t 21.35 13.76 BarrickGold GOLD 2.5 17 16.13 +0.13 .10 114.15 75.79 Brown&Brown BRO .6 29 106.00 +0.45 .15
61.32 32.61 Brown-Forman A BF.A 2.7 16 33.46 –0.53.2265
143.19 71.97 Albemarle ALB 1.8 dd 88.76 –8.73.405 immediately institute tariffs. 3M gained 6%, after reporting better-than- 52.99 26.21 Bath&BodyWks BBWI 2.2 9 36.99 +0.24 .20
60.97 32.75 Brown-Forman B BF.B 2.7 16 33.92 –0.37.2265
21.92 17.00 Albertsons ACI 3.0 11 19.91 +0.27 .15 21.69 13.16 Bausch+Lomb BLCO ... dd 17.19 –0.17 ...
47.77 24.86 Alcoa AA 1.1 dd 37.43 –2.10 .10 expected earnings, while Chevron fell 3.6%. 11.46 3.96 BauschHealth BHC ... dd 7.72 +0.28 ... 96.65 62.64 Brunswick BC 2.5 17 68.21 +0.76 .42
101.10 74.30 Alcon ALC ... 38 88.96 +4.59 ... 44.01 28.34 BaxterIntl BAX 2.1 cc 32.45 +1.47 .17 54.25 34.87 Buckle BKE 2.9 12 47.83 –0.58 2.50
20.30 15.53 Alexander&Baldwin ALEX 5.1 29 17.64 +0.09 .225 Monday Tuesday Wednesday Thursday Friday 4.08 2.19 BaytexEnergy BTE 2.6 dd 2.53 –0.11 .016 18.84 11.50 Buenaventura BVN ... 9 13.00 +0.11 ...
251.63 184.76 Alexander's ALX 9.4 21 192.12 +0.064.50 12.13 5.14 Beachbody BODI ... dd 7.33 +0.82 ... 48.23 21.60 Build-A-Bear BBW 1.9 11 42.71 +3.61 .20
130.14 94.35 AlexandriaRlEst ARE 5.2 62 101.63 –0.16 1.32 44,600 38.22 25.39 BeazerHomes BZH ... 6 27.52 –0.73 ... 214.70 130.75 BuildersFirst BLDR ... 16 166.76 +2.64 ...
114.92 75.75 BungeGlobal BG 3.5 10 77.19 –2.35 .68
117.82
10.38
68.36
6.15
Alibaba
Alight
BABA 1.1
ALIT 2.3
18
dd
89.14
6.93
+4.02 .66
+0.14 .04
H 248.42
131.82
218.75
72.91
BectonDicknsn
Belden
BDX 1.7
BDC .2
41
28
243.45
120.94
+6.07 1.04
+3.60 .05 16.77 12.07 BurfordCapital BUR 1.8 12 13.98 +0.89.0625
156.10 113.27 Allegion ALLE 1.4 20 132.53 –1.06 .48 O 44,315 79.90 48.06 BellRing BRBR ... 41 76.00 +3.61 ... 298.89
4.45
174.64
0.67
BurlingtonStrs
ButterflyNtwk
BURL ...
BFLY ...
40
dd
291.90
3.90
+1.34 ...
+0.23 ...
65.95 55.86 Allete ALE 4.3 21 65.60 –0.13 .705 52.57 26.41 BenchmarkElec BHE 1.4 27 46.91 –1.17 .17
40.86 30.57 AllianceBernstein AB 7.3 12 40.73 +2.43 .77 L 65.49 50.73 Berkley WRB .6 15 57.52 –1.98 .50 32.89 19.70 BylineBancorp BY 1.4 11 29.16 +0.65 .10
122.53 59.31 AllisonTransm ALSN .8 15 119.60 +0.09 .25 741971 572375 BerkHathwy A BRK.A ... 9 694601 –8158.50 ...
209.88 153.42 Allstate ALL 2.0 12 186.07 –2.83 .92 I 44,030 491.67 379.17 BerkHathwy B BRK.B ... 9 463.19 –4.76 ...
C

98.75
45.46
2.37
31.95
AllurionTech
AllyFinancial
ALUR ...
ALLY 3.1
dd
15
8.69
39.01
+5.76 ...
+2.08 .30
D 32.36
73.31
20.50
49.63
BerkshireHills
BerryGlobal
BHLB 2.5
BERY 1.8
30
16
28.32
68.28
–0.18 .18
+0.63 .31
588.26
172.43
337.11
44.80
CACI Intl
CAVA
CACI
CAVA
...
...
19
cc
406.42
124.88
–45.97 ...
+6.65 ...
452.00 173.55 AlphaMetal AMR ... 7 193.84 +1.19 ... A 43,745 103.71 69.29 BestBuy BBY 4.4 14 84.73 +2.83 .94 86.36 62.66 CBIZ CBZ ... 35 83.95 –0.55 ...
19.42 14.33 AlpineIncmProp PINE 6.8 67 16.26 –0.72 .28 21.28 10.05 BetterwaredeMexico BWMX11.7 8 11.49 +0.64.3775 32.20 20.97 CBL&Assoc CBL 5.7 28 28.23 +0.09 .40
13.67 5.40 AltaEquipment ALTG 3.2 dd 7.20 –0.09 .057 Y +537.98 +130.92 +408.34 -140.82 37.10 4.45 Beyond BYON ... dd 7.71 +1.83 ... 142.00 82.75 CBRE Group CBRE ... 45 141.13 +4.22 ...
3.18 1.52 AlticeUSA ATUS ... dd 3.11 +0.35 ... (Previous Friday Close) 5.20 1.17 BigBear.ai BBAI ... dd 4.13 +0.21 ... 98.25 69.13 CF Industries CF 2.3 14 88.10 –8.91 .50
43,460
24.00 3.56 AltoNeurosci ANRO ... dd 4.70 +0.06 ... 1330.66 750.00 BiglariA BH.A ... 13 1053.51 –0.49 ... 118.89 96.92 CGI A GIB .4 21 111.97 +3.48.1083
58.04 39.25 Altria MO 7.8 9 52.05 +0.19 1.02
10 12 2 4 10 12 2 4 10 12 2 4 10 12 2 4 10 12 2 4 271.35 145.95 BiglariB BH ... 14 225.24 +6.90 ... 8.04 3.34 CI&T CINT ... 40 6.78 +0.40 ...
7.28 2.71 AltusPower AMPS ... 18 3.74 –0.07 ... 62.21 26.80 Biohaven BHVN ... dd 39.33 +1.74 ... 21.26 8.59 CMB.TECH CMBT 9.6 2 11.21 +0.10 .81
 January 27, 2025 BARRON’S 37

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.
72.40 55.10 CMS Energy CMS 3.1 19 65.82 –2.26 .515 267.11 167.35 CleanHarbors CLH ... 31 239.74 –1.30 ... 30.85 13.62 DaqoNewEnergy DQ ... dd 18.11 –0.96 ... 51.69 13.78 EmpresaDisCom EDN ... dd 36.20 +3.22 ... 135.67 89.06 Floor&Decor FND ... 58 104.23 +4.44 ...
52.36 42.33 CNA Fin CNA 3.6 10 48.71 –0.15 .44 2.06 1.29 ClearChannelOutdr CCO ... dd 1.43 –0.06 ... 189.18 135.87 Darden DRI 2.9 22 187.61 +5.86 1.40 45.78 32.85 Enbridge ENB 5.9 21 45.06 +0.55.6499 10.35 2.64 FlotekIndustries FTK ... 33 8.74 –0.10 ...
13.30 9.28 CNH Indl CNH 3.6 10 12.96 +0.69 .47 38.88 16.05 ClearSecure YOU 2.1 28 24.19 –1.85 .125 48.39 32.55 DarlingIngred DAR ... 22 36.05 –0.59 ... 104.55 70.74 EncompassHealth EHC .7 23 95.65 +0.91 .17 30.50 28.25 Flowco FLOC ... ... 28.29 –1.71 ...
40.91 24.92 CNO Financial CNO 1.6 16 38.86 +0.08 .16 35.71 15.62 ClearwaterAnalytic CWAN ... cc 28.25 +0.27 ... 170.80 105.83 DaVita DVA ... 18 170.28 +4.04 ... 76.35 23.28 Endava DAVA ... cc 32.20 +0.65 ... 26.12 18.90 FlowersFoods FLO 4.8 18 19.99 +0.60 .24
41.93 19.07 CNX Resources CNX ... 9 28.65 –1.49 ... 57.13 23.97 ClearwaterPaper CLW ... 36 31.33 +1.09 ... 82.69 47.08 Dayforce DAY ... cc 71.02 +1.40 ... 31.76 23.14 Endeavor EDR .8 dd 31.61 +0.58 .06 65.08 39.69 Flowserve FLS 1.3 32 64.08 +0.58 .21
34.22 22.20 COPTDefenseProp CDP 4.0 25 29.82 +0.25 .295 28.71 19.33 ClearwayEnergyA CWEN.A 6.8 23 24.40 –0.45.424 218.92 125.15 DeckersOutdoor DECK ... 38 217.16 +7.25 ... 5.67 1.42 EndeavourSilver EXK ... dd 3.67 +0.16 ... 60.10 35.04 Fluor FLR ... 37 54.57 +4.18 ...
104.23 69.72 CRH CRH 1.4 20 101.26 +3.51 .35 30.92 20.63 ClearwayEnergyC CWEN 6.4 25 25.85 –0.50.424 479.48 340.20 Deere DE 1.4 19 478.77 +23.33 1.62 3.24 2.51 EnelChile ENIC 7.7 5 2.99 +0.10.2093 284.79 174.03 FlutterEnt FLUT ... ... 267.27 +4.17 ...
8.69 4.67 CS Disco LAW ... dd 4.90 –0.03 ... 22.97 8.99 Cleveland-Cliffs CLF ... dd 10.01 –0.26 ... 47.67 37.02 DelekLogistics DKL 10.0 16 44.19 –1.13 1.10 10.61 4.60 Enerflex EFXT ... dd 10.44 ... ... 143.43 81.08 FomentoEconMex FMX 2.5 23 85.33 +2.83.4218
21.15 16.16 CTO Realty CTO 7.8 52 19.41 –0.36 .38 7.12 3.38 ClipperRealty CLPR 9.5 dd 4.02 +0.05 .095 33.60 15.36 DelekUS DK 5.6 dd 18.13 –1.68 .255 39.52 26.92 Energizer ENR 3.5 67 34.41 –0.85 .30 35.60 19.33 FootLocker FL ... dd 20.84 +0.39 ...
59.68 40.92 CTS CTS .3 27 52.25 +0.61 .04 171.37 127.60 Clorox CLX 3.1 56 159.27 –1.01 1.22 179.70 80.49 DellTechC DELL 1.6 20 113.73 +4.09.445 21.45 13.79 EnergyTransfer ET 6.1 15 21.05 +0.76.3225 14.85 9.49 FordMotor F 5.9 12 10.12 –0.06 .15
45.08 18.85 C3.ai AI ... dd 32.81 +0.80 ... 125.71 66.24 Cloudflare NET ... dd 125.12 +7.96 ... 69.98 37.29 DeltaAir DAL .9 13 67.18 +1.36 .15 2.70 0.78 EnergyVault NRGV ... dd 2.10 +0.07 ... 40.92 23.38 Forestar FOR ... 7 23.48 –3.31 ...
38.07 15.60 CVR Energy CVI 9.7 30 20.69 –0.39 .50 2.84 0.81 CN Finance CNF ... 3 1.12 –0.06 ... 24.87 18.48 Deluxe DLX 5.4 18 22.10 –0.41 .30 51.91 30.43 EnerpacTool EPAC .1 27 44.16 –0.12 .04 3.56 0.70 ForgeGlobal FRGE ... dd .74 –0.03 ...
88.94 61.62 CVR Partners UAN 8.1 17 82.34 –1.60 1.19 73.53 57.93 Coca-Cola KO 3.1 26 61.92 –0.79 .485 11.57 4.36 DesignerBrands DBI 3.5 dd 5.66 –0.06 .05 112.53 86.41 EnerSys ENS 1.0 14 99.63 +1.37 .24 46.06 36.86 Fortis FTS 4.1 18 42.42 +0.47.4378
80.75 43.56 CVS Health CVS 4.9 14 54.55 +1.93 .665 104.38 72.68 Coca-Cola Femsa KOF 3.8 13 76.36 +0.14 .781 11.80 2.10 DesktopMetal DM ... dd 2.19 ... ... 11.38 7.52 Enfusion ENFN ... cc 11.09 +0.02 ... 87.10 66.15 Fortive FTV .4 32 80.52 +1.61 .08
573.03 311.28 CableOne CABO 3.5 10 334.69 +2.37 2.95 7.72 2.42 CoeurMining CDE ... dd 6.33 +0.15 ... 19.55 8.06 Despegar.com DESP ... cc 19.20 +0.02 ... 11.74 6.85 Enhabit EHAB ... dd 8.13 +0.14 ... 6.36 2.63 FortunaMining FSM ... 61 4.47 +0.22 ...
117.46 70.63 Cabot CBT 1.9 13 88.31 –2.96 .43 110.67 64.13 Cohen&Steers CNS 2.7 30 88.82 +0.60 .59 105.00 8.25 DestinyTech100 DXYZ ... cc 62.91 +6.37 ... 3.32 0.71 Enlightify ENFY ... dd 1.33 +0.53 ... 90.54 62.54 FortuneBrands FBIN 1.4 20 72.48 –2.09 .25
70.01 40.28 Cactus WHD .8 22 63.35 –0.28 .13 113.60 47.14 Coherent COHR ... dd 100.33 +2.04 ... 20.08 12.43 DeutscheBank DB 2.4 10 20.00 +0.92.486 25.75 18.88 Ennis EBF 4.8 13 20.75 +0.05 .25 21.51 12.83 ForumEnergyTech FET ... dd 18.54 –0.55 ...
28.75 16.29 Cadeler CDLR ... ... 20.43 –0.35 ... 109.30 81.08 ColgatePalm CL 2.3 25 87.88 –0.81 .50 55.09 30.39 DevonEnergy DVN 3.4 7 35.96 –1.99 .22 113.08 53.17 EnovaIntl ENVA ... 18 111.65 +4.03 ... 30.93 22.38 FourCornersProp FCPT 5.1 26 27.64 +0.08 .355
40.20 24.99 CadenceBank CADE 3.1 13 35.17 –0.48 .275 12.28 10.09 ColombierAcqnIIA CLBR ... 45 10.90 –0.20 ... 154.71 113.99 Diageo DEO 3.3 18 124.45 +5.662.5192 65.03 38.27 Enovis ENOV ... dd 47.79 +1.16 ... 22.70 7.41 FourSeasonsEduc FEDU22.4 78 10.18 –0.318.40
40.28 29.19 Cadre CDRE .9 48 39.50 +1.31 .095 18.49 10.33 ColonyBankcorp CBAN 2.7 12 16.87 +1.03 .115 10.00 7.74 Diamondrock DRH 1.4 31 8.87 –0.05 .20 197.94 136.68 Enpro NPO .7 88 179.34 +5.94 .30 137.60 103.64 Franco-Nevada FNV 1.1 dd 130.02 +4.24 .36
25.53 15.95 CAE CAE ... dd 24.31 +0.15 ... 73.45 45.32 Comerica CMA 4.5 13 63.27 –2.83 .71 3.22 1.73 DianaShipping DSX 13.2 27 1.78 –0.07 .01 84.26 48.08 Entergy ETR 2.9 20 82.52 +0.53 .60 14.12 11.96 FrankBSPRealty FBRT11.4 15 12.44 –0.21 .355
44.51 19.21 Caleres CAL 1.4 4 20.04 +0.29 .07 553.09 205.77 ComfortSystems FIX .3 42 544.16 +40.38 .35 254.60 148.95 Dick's DKS 1.8 18 249.57 +21.54 1.10 34.63 26.12 EnterpriseProd EPD 6.4 13 33.57 ... .535 44.46 28.99 FranklinCovey FC ... 24 35.12 +1.96 ...
60.41 43.09 CaliforniaRscs CRC 3.0 8 52.51 –1.11.3875 64.53 45.50 CommercialMetals CMC 1.4 45 49.91 –0.69 .18 51.81 30.01 DieboldNixdorf DBD ... 1 44.98 +0.49 ... 4.41 1.33 Entravision EVC 8.7 dd 2.29 –0.07 .05 28.61 18.83 FranklinRscs BEN 6.4 23 20.09 +0.53 .32
56.25 41.64 CalWtrSvc CWT 2.6 12 42.91 –1.57 .28 73.39 41.50 CommunityFinSys CBU 2.8 19 65.65 +2.39 .46 198.00 131.42 DigitalRealty DLR 2.7 cc 180.50 +2.07 1.22 12.79 6.57 Enviri NVRI ... dd 9.37 +0.75 ... 55.24 36.26 FreeportMcM FCX 1.6 29 37.81 –2.41 .075
44.54 26.76 Calix CALX ... dd 39.08 +1.17 ... 6.29 2.51 CommunityHlthSys CYH ... dd 3.40 +0.34 ... 20.99 10.25 DigitalBridge DBRG .3 15 11.60 +0.32 .01 24.79 15.15 Envista NVST ... dd 21.45 +1.62 ... 24.67 17.93 FreseniusMedCare FMS 1.8 20 24.63 +1.56.6342
127.69 90.50 CamdenProperty CPT 3.7 35 110.64 –1.96 1.03 28.10 15.06 CommunityHlthcr CHCT 9.2 dd 20.10 +0.59 .465 44.80 26.63 DigitalOcean DOCN ... 47 40.18 +4.05 ... 1.40 0.63 EnzoBiochem ENZ .0 dd .65 ... .10 35.27 21.23 FreshDelMonte FDP 3.2 99 31.34 –0.34 .25
62.55 35.43 Cameco CCJ ... cc 56.00 +4.37 ... 18.36 13.10 SABESP SBS 1.4 6 15.67 +0.39.2808 484.08 328.00 Dillard's DDS .2 12 466.04 –0.94 .25 309.63 213.02 Equifax EFX .6 60 268.82 +5.95 .39 29.39 13.17 Frontline FRO 12.2 7 16.00 –1.36 .34
28.72 17.29 CampingWorld CWH 2.2 dd 22.94 +0.02 .125 2.76 1.99 EngGr-Cmg C CIG.C 9.0 5 2.44 +0.09.0275 51.35 25.68 DineBrands DIN 6.6 5 30.87 +4.23 .51 29.49 21.85 Equinor EQNR 4.6 7 23.83 –1.09 .35 19.76 15.30 FrontViewREIT FVR 5.1 ... 16.84 –0.15 .215
14.75 9.23 CanadaGoose GOOS ... 24 10.45 +0.24 ... 2.19 1.68 EngGr-Cmg CIG 12.2 3 1.78 +0.07.0275 4.79 1.08 Dingdong DDL ... 27 3.42 +0.05 ... 53.99 31.76 Equitable EQH 1.8 dd 53.25 +1.57 .24 6.45 1.10 fuboTV FUBO ... dd 4.04 +0.22 ...
67.45 43.86 CIBC CM 4.0 12 63.60 +0.94.6912 8.51 5.72 COPEL ELP 3.5 ... 6.25 +0.21.0705 204.93 103.91 DiscoverFinSvcs DFS 1.4 13 202.10 +14.92 .70 50.85 30.44 EquityBcshs EQBK 1.2 11 43.35 +0.22 .15 12.47 5.70 FullTruck YMM 1.1 28 11.51 +0.25.1264
134.02 98.96 CanNtlRlwy CNI 2.2 17 105.54 +4.02.6007 7.74 5.04 COPEL ELPC 3.6 7 5.61 +0.18.0641 123.74 83.91 Disney DIS .9 41 112.16 +5.14 .50 21.00 1.40 EquityCommnwlth EQC .0 5 1.74 +0.0619.00 87.67 60.96 FullerHB FUL 1.4 27 62.77 +0.68.2225
41.29 29.23 CanadianNatRscs CNQ 5.0 12 31.32 +0.20.3897 3.84 1.27 CiaSiderurgica SID 14.2 dd 1.47 +0.07.0919 17.70 10.54 DiversifiedEnergy DEC 7.4 5 15.77 –0.50 .29 76.60 59.82 EquityLife ELS 2.8 36 67.23 +0.77.4775 8.36 4.15 FutureFuel FF 4.3 7 5.53 +0.18 .06
91.58 70.89 CdnPacKC CP ... 29 79.79 +4.97 ... 13.74 10.00 CerveceriasUnid CCU 2.1 16 12.03 +0.37.1498 85.30 66.35 DolbyLab DLB 1.7 30 79.71 –1.56 .33 78.83 57.33 EquityResdntl EQR 4.0 29 68.25 –1.52 .675
9.66 1.11 Cango CANG ... 11 5.11 +0.59 ... G
25.07 19.76 CompassDiversif CODI 4.7 dd 21.24 –0.25 .25 17.12 10.71 Dole DOLE 2.4 7 13.52 +0.29 .08 1.95 1.01 EquusTotReturn EQS ... dd 1.22 –0.03 ...
22.99 16.94 Cannae CNNE 2.5 dd 19.22 +0.16 .12 7.69 2.89 Compass COMP ... dd 6.99 +0.23 ... 168.07 66.43 DollarGeneral DG 3.3 12 71.78 +3.34 .59 15.26 7.13 ErmenegildoZegna ZGN 1.4 21 9.03 +0.72.1289 167.83 120.15 GATX GATX 1.4 22 167.38 +12.69 .58
207.24 128.23 CapitalOne COF 1.2 18 203.53 +12.56 .60 23.99 7.51 CompassMinerals CMP 4.5 dd 13.42 –0.79 .15 61.97 43.53 DominionEner D 5.0 19 53.48 –1.80.6675 24.34 12.78 EroCopper ERO ... 80 14.20 +0.05 ... 56.00 2.12 GCT Semiconductor GCTS ... dd 2.40 –0.12 ...
49.43 18.70 Capri CPRI ... dd 24.93 +1.11 ... 22.06 7.07 ComstockRscs CRK ... dd 20.51 –0.86 ... 78.95 64.06 Donaldson DCI 1.5 21 72.28 +1.23 .27 65.33 50.66 EssentGroup ESNT 1.9 8 57.56 –0.15 .28 207.65 103.43 GE Aerospace GE ... 33 196.75 +13.90 ...
129.68 93.17 CardinalHealth CAH 1.5 25 128.83 +2.56.5056 33.24 25.06 ConagraBrands CAG 5.4 25 25.78 –0.04 .35 71.01 56.02 DonnelleyFin DFIN ... 21 66.94 +4.86 ... 34.88 23.58 EssentialProp EPRT 3.8 27 31.41 –0.29 .295 36.46 11.01 GEO Group GEO ... cc 33.07 –2.28 ...
33.15 20.10 CareTrustREIT CTRE 4.3 38 26.91 +0.18 .29 24.81 18.89 Concentra CON 1.1 ... 23.52 +2.39.0625 51.66 22.46 DorianLPG LPG .0 4 23.64 –1.56 1.00 41.78 33.18 EssentialUtil WTRG 3.9 17 33.49 –1.52.3255 447.50 115.00 GE Vernova GEV .2 76 420.49 +19.08 .25
481.26 308.20 Carlisle CSL 1.0 11 402.81 +2.96 1.00 26.70 3.82 ConcordMed CCM ... dd 4.78 +0.08 ... 43.00 16.11 DoubleVerify DV ... 53 20.02 +0.55 ... 317.73 223.06 EssexProp ESS 3.5 32 277.93 –5.48 2.45 48.87 30.57 GFLEnvironmental GFL .1 dd 42.29 +0.35 .014
91.25 65.83 CarMax KMX ... 28 82.73 +3.79 ... 97.08 61.05 Conmed CNMD 1.2 16 68.77 +1.08 .20 30.98 21.31 DouglasDynamics PLOW 4.6 11 25.78 +1.05 .295 159.75 62.29 EsteeLauder EL 1.7 cc 82.48 +4.62 .35 105.54 77.29 GMS GMS ... 15 83.18 –1.14 ...
27.17 13.78 Carnival CCL ... 18 25.42 –0.43 ... 135.18 94.23 ConocoPhillips COP 3.1 12 101.83 –4.02 .78 2.98 1.00 DouglasElliman DOUG ... dd 1.72 –0.07 ... 35.62 26.53 EthanAllen ETD 5.4 12 28.77 +0.10 .39 45.93 31.72 GSK GSK 4.5 22 34.27 +0.84.3928
24.66 12.50 Carnival CUK ... 17 23.14 –0.25 ... 107.75 85.85 ConEd ED 3.8 17 90.60 –3.05 .85 20.50 12.36 DouglasEmmett DEI 4.4 dd 17.24 –0.26 .19 6.90 2.33 EveHolding EVEX ... dd 4.81 +0.18 ...
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213.65 58.87 CarpenterTech CRS .4 47 210.57 +3.99 .20 63.33 41.38 GXO Logistics GXO ... 51 45.22 +1.27 ...
274.87 176.51 ConstBrands A STZ 2.2 49 183.10 –1.21 1.01 208.26 148.45 Dover DOV 1.0 18 198.71 +3.63 .515 9.20 2.51 Eventbrite EB ... dd 3.36 –0.18 ... 316.72 227.08 Gallagher AJG .8 55 289.51 –5.31 .60
42.13 22.96 CarriageSvcs CSV 1.1 18 39.63 –0.49.1125 23.20 9.95 Constellium CSTM ... 14 10.21 –0.53 ... 60.69 38.33 Dow DOW 6.8 28 41.37 +0.33 .70 324.06 168.04 EvercoreA EVR 1.1 37 285.96 +3.36 .80
83.32 53.13 CarrierGlobal CARR 1.3 18 70.12 +0.46 .225 64.83 9.95 GameStop GME ... cc 27.77 +0.26 ...
9.57 5.15 Volaris VLRS ... 5 8.93 +0.69 ... 61.75 22.96 Doximity DOCS ... 65 56.56 +2.84 ... 407.30 343.76 Everest EG 2.2 6 365.14 +2.972.00 5.93 1.95 Gannett GCI ... dd 4.75 –0.23 ...
21.24 15.05 Cars.com CARS ... 30 17.59 –0.05 ... 13.68 6.92 Cool CLCO16.0 5 8.65 +0.08 .15 16.89 13.61 DrReddy'sLab RDY .6 18 14.01 –0.89.4068 13.65 6.37 Everi EVRI ... 92 13.62 +0.05 ...
88.03 50.25 Carter's CRI 5.9 9 54.13 +0.57 .80 8.44 1.87 GaotuTechedu GOTU ... dd 2.20 +0.11 ...
19.52 11.24 Cooper-Standard CPS ... dd 16.76 +1.10 ... 44.38 21.42 DreamFinders DFH ... 8 24.48 +0.35 ... 69.01 52.71 EversourceEner ES 5.1 dd 56.32 –1.55 .715 30.75 18.61 Gap GAP 2.4 11 24.69 +1.23 .15
268.34 40.21 Carvana CVNA ... cc 240.47 +9.98 ... 114.00 80.01 Copa CPA 7.0 ... 91.96 +1.65 1.61 70.50 47.53 Ducommun DCO ... 35 69.51 +0.97 ... 42.21 28.76 Evertec EVTC .6 25 32.39 –0.22 .05
418.50 297.45 Caterpillar CAT 1.4 19 407.63 +21.61 1.41 222.97 119.15 Garmin GRMN 1.4 27 214.23 –1.47 .75
62.15 37.22 Core&Main CNM ... 27 56.44 +1.22 ... 121.25 90.09 DukeEnergy DUK 3.8 20 109.86 +0.601.045 77.93 40.05 EverusConstrn ECG ... 27 76.76 +7.08 ... 559.00 411.15 Gartner IT ... 39 528.53 +12.83 ...
7.20 3.02 Cato CATO18.9 dd 3.60 –0.18 .17 25.13 13.82 CoreLabs CLB .2 31 19.50 –0.19 .01 12.95 8.78 Dun&Bradstreet DNB 1.7 dd 11.50 +0.17 .05 35.00 9.74 EvolentHealth EVH ... dd 10.10 +0.10 ...
172.16 64.05 Celanese CE 3.8 7 74.01 +1.40 .70 23.34 12.41 GatesIndustrial GTES ... 25 20.78 +0.29 ...
134.59 75.43 CoreNaturalRscs CNR .5 7 96.73 –0.13 .25 90.06 61.14 DuPont DD 2.0 41 77.36 –0.11 .38 32.99 13.38 ExcelerateEner EE .4 31 31.06 –1.27 .06 23.43 13.51 GencoShipping GNK 11.1 9 14.37 –0.01 .40
131.23 31.50 Celestica CLS ... 38 121.69 +8.41 ... 34.66 23.01 CorebridgeFin CRBG 2.8 dd 33.26 +1.31 .23 61.33 25.46 DutchBros BROS ... cc 60.20 +0.50 ... 131.59 108.36 ExpeditorsIntl EXPD 1.3 22 112.99 +2.64 .73
6.65 5.00 CementosPacasm CPAC 8.7 10 5.78 +0.08.5421 195.94 108.89 Generac GNRC ... 33 157.43 –3.81 ...
24.97 10.02 CoreCard CCRD ... 45 22.06 –0.69 ... 207.20 111.19 DycomInds DY ... 25 192.84 +2.30 ... 24.50 10.71 Expro XPRO ... cc 13.91 –0.92 ... 316.90 257.26 GeneralDynamics GD 2.1 20 266.43 –0.24 1.42
9.27 5.00 Cemex CX 1.0 20 5.98 +0.62 .349 24.99 10.74 CoreCivic CXW ... 31 21.24 –1.81 ... 5.65 2.27 DynagasLNG DLNG 3.9 4 5.00 –0.10.049 184.87 131.02 ExtraSpaceSt EXR 4.3 40 152.03 +1.43 1.62
253.27 214.77 Cencora COR .9 33 248.48 +6.43 .55 75.90 57.94 GeneralMills GIS 4.0 13 60.38 +0.75 .60
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

54.53 30.72 Corning GLW 2.1 cc 54.25 +4.41 .28 61.41 39.42 Dynatrace DT ... cc 55.64 +4.34 ... 126.34 100.42 ExxonMobil XOM 3.6 14 108.66 –3.66 .99 61.24 34.93 GeneralMotors GM .9 6 53.91 +2.94 .12
21.90 14.20 CenovusEnergy CVE 2.2 10 14.81 –0.25.1324 41.44 23.22 Vesta VTMX 2.5 6 25.28 +1.28.1894 13.13 11.36 DynexCapital DX 14.3 10 12.63 –0.12 .15
81.42 55.03 Centene CNC ... 11 64.58 +2.33 ... F 44.80 23.21 Genesco GCO ... dd 42.78 +2.44 ...
385.30 247.10 Corpay CPAY ... 27 379.29 +8.50 ... 15.17 9.86 GenesisEnergy GEL 6.2 dd 10.58 –0.24 .165
33.12 25.41 CenterPointEner CNP 2.7 21 32.36 –0.20 .22 E
20.79 13.74 CorpAmAirports CAAP ... 9 19.71 +1.38 ... 50.75 34.90 F&GAnnuities FG 2.0 dd 43.00 –0.90 .22 20.16 14.00 GenieEnergy GNE 2.1 cc 14.20 –0.58 .075
7.82 4.47 CenterraGold CGAU ... 13 6.12 +0.30 ...
64.32 45.25 Corteva CTVA 1.1 65 63.96 +1.64 .17 221.83 98.50 elfBeauty ELF ... 60 110.55 –16.40 ... 58.88 33.35 FB Financial FBK 1.3 21 52.77 +0.37 .17 10.33 4.91 GeniusSports GENI ... dd 8.82 +0.12 ...
76.16 52.26 Centerspace CSR 4.9 dd 61.09 +0.11 .75
15.25 5.01 Cosan CSAN ... 5 5.14 –0.38 ... 545.29 220.53 EMCOR EME .2 27 531.65 +25.18 .25 7.06 4.30 Figs FIGS ... 98 5.81 –0.13 ... 47.98 30.23 Genpact G 1.3 13 46.36 +1.25.1525
9.11 5.45 CentraisElBras EBR 3.4 7 5.92 +0.13.1414
17.58 10.14 Costamare CMRE 3.9 4 11.81 –0.48 .115 33.78 26.12 ENI E 5.2 17 28.07 –0.88.3793 68.72 47.71 FMC FMC 4.2 5 55.56 +2.13 .58 164.45 112.74 GenuineParts GPC 3.4 15 117.23 –1.29 1.00
33.25 18.00 CentralPacFin CPF 3.6 14 28.51 –0.01 .26
29.95 22.30 CoterraEnergy CTRA 2.9 18 29.02 –0.45 .21 139.67 108.94 EOG Rscs EOG 3.0 11 131.82 –4.76 .975 17.70 12.49 FNB FNB 3.1 12 15.56 –0.05 .12 7.90 5.67 GenworthFin GNW ... 34 7.02 +0.02 ...
16.60 7.07 CentralPuerto CEPU ... 5 13.76 +0.56 ...
13.30 6.59 Coty COTY ... 44 7.45 +0.31 ... 317.50 169.43 EPAM Systems EPAM ... 33 252.43 +23.35 ... 3.36 0.91 FreyrBattery FREY ... dd 1.99 –0.50 ... 11.72 7.24 GeoPark GPRK 6.3 5 9.29 –1.16 .147
28.65 14.47 Centuri CTRI ... ... 24.43 +2.57 ...
26.91 13.51 Coupang CPNG ... 40 22.56 +0.50 ... 50.26 39.66 EPR Prop EPR 7.2 21 47.67 +0.82 .285 22.67 18.31 FS KKR Cap FSK 11.3 12 22.65 +0.39 .06 4.04 2.67 Gerdau GGB 4.8 7 2.93 +0.10 .022
108.42 68.49 CenturyComm CCS 1.4 8 76.72 +0.67 .26
20.73 6.29 Coursera COUR ... dd 8.65 +0.14 ... 54.85 30.02 EQT EQT 1.2 64 53.68 +0.72.1575 243.60 185.93 FTI Consulting FCN ... 22 191.22 +0.69 ... 5.77 2.06 GettyImages GETY ... 20 2.59 –0.16 ...
27.56 20.10 ChainBridgeBncp CBNA ... ... 24.54 +0.18 ...
32.55 21.58 CousinsProperties CUZ 4.2 91 30.60 –0.03 .32 10.05 9.88 EQVVenturesA EQV ... ... 10.00 ... ... 281.79 159.69 Fabrinet FN ... 31 258.73 +16.84 ... 33.85 25.70 GettyRealty GTY 6.2 26 30.53 –0.26 .47
116.49 64.82 ChampionHomes SKY ... 34 88.91 –1.70 ...
30.77 21.52 CovenantLogist CVLG .8 24 28.12 +0.51 .055 135.97 85.79 ESAB ESAB .3 29 124.00 +0.09 .08 499.87 391.84 FactSet FDS .9 33 467.12 +4.13 1.04 51.26 32.23 Gildan GIL 1.6 20 51.16 +1.41 .205
2.44 0.92 ChargePoint CHPT ... dd 1.00 –0.08 ...
188.52 110.49 Crane CR .5 36 161.68 +5.68 .205 154.00 96.69 ESCO Tech ESE .2 34 132.05 –2.01 .08 2402.52 1105.65 FairIsaac FICO ... 89 1814.85 –85.69 ... 64.40 5.26 GinkgoBioworks DNA ... dd 12.82 +1.99 ...
275.00 160.85 CharlesRiverLabs CRL ... 20 164.97 +1.47 ...
67.01 52.89 CraneNXT CXT 1.0 21 63.70 –0.02 .16 17.56 4.35 ESSTech GWH ... dd 5.53 –0.17 ... 12.85 9.70 FarmlandPtrs FPI 2.1 50 11.51 –0.20 .06 60.67 34.35 GlacierBancorp GBCI 2.6 30 50.60 –0.59 .33
220.03 101.60 ChartIndustries GTLS ... 61 218.28 +4.04 ...
13.61 7.55 CrawfordA CRD.A 2.4 29 11.72 –0.36 .07 5.08 2.49 E2open ETWO ... dd 2.70 +0.15 ... 25.87 5.52 Fastly FSLY ... dd 10.28 +0.99 ... 163.71 83.90 Glaukos GKOS ... dd 160.22 +3.83 ...
11.02 7.60 ChathamLodging CLDT 3.2 dd 8.68 –0.15 .07
12.99 7.37 Crawford B CRD.B 2.4 29 11.71 –0.23 .07 321.93 211.44 EagleMaterials EXP .4 19 262.13 +5.28 .25 167.50 122.23 FedAgriMtg A AGM.A 3.7 10 150.17 +3.57 1.40 8.00 4.10 GlobalBlue GB ... 30 7.33 –0.06 ...
6.78 1.99 CheetahMobile CMCM ... ... 4.73 +0.12 ...
200.00 147.00 Credicorp BAP 5.1 10 181.61 –0.532.9268 14.53 10.76 EasterlyGovtProp DEA 9.2 66 11.53 +0.01 .265 217.60 169.17 FedAgriMtg C AGM 2.9 13 196.04 +0.42 1.40 9.60 4.49 GlblBusTravel GBTG ... dd 8.95 –0.05 ...
10.50 1.34 Chegg CHGG ... dd 1.47 –0.01 ...
16.94 9.88 CrescentEnergy CRGY 3.0 26 15.99 –0.63 .12 192.61 155.10 EastGroup EGP 3.3 35 169.71 +8.30 1.40 118.34 95.98 FederalRealty FRT 4.1 31 106.54 +1.15 1.10 37.00 27.47 GlobalIndemnity GBLI 3.8 13 37.00 +2.24 .35
654.62 512.12 Chemed CHE .4 28 550.97 –3.76 .50
18.49 8.88 CrossTimbers CRT 8.5 10 11.07 +0.79 .095 114.50 80.71 EastmanChem EMN 3.6 12 92.13 –1.08 .83 102.18 76.03 FederalSignal FSS .5 29 99.29 +2.09 .12 46.97 23.09 GlobalIndl GIC 4.0 15 25.31 +0.35 .25
32.25 15.10 Chemours CC 5.1 43 19.67 +0.27 .25
120.92 84.20 CrownCastle CCI 7.1 31 88.49 –2.571.565 7.80 3.35 EastmanKodak KODK ... 10 7.15 –0.13 ... 43.92 31.24 FederatedHermes FHI 3.2 12 38.65 +0.46 .31 10.46 7.33 GlobalMedREIT GMRE10.6 dd 7.94 –0.03 .21
257.65 152.31 CheniereEnergy LNG .9 15 231.86 –20.90 .50
98.46 69.61 Crown Holdings CCK 1.1 cc 87.96 +2.40 .25 379.99 244.35 Eaton ETN 1.0 39 368.98 +22.70 .94 313.84 234.45 FedEx FDX 2.0 18 273.29 –1.81 1.38 9.11 6.52 GlobalNetLease GNL 15.3 dd 7.20 –0.02 .275
63.01 45.51 CheniereEnerPtrs CQP 5.0 16 61.70 –0.44 .035
55.14 39.80 CubeSmart CUBE 5.0 24 41.70 +0.34 .52 262.61 195.49 Ecolab ECL 1.1 34 242.06 +4.64 .65 225.63 167.28 FergusonEnts FERG 1.8 22 180.66 +3.11 .83 58.77 37.00 GlobalPtrs GLP 5.7 16 51.42 –1.44 .73
3.99 2.50 CherryHillMtg CHMI19.4 dd 3.10 +0.10 .15
147.64 94.09 Cullen/Frost CFR 2.7 17 139.33 –3.86 .95 12.90 7.21 Ecopetrol EC ... 5 8.43 –0.02 ... 498.23 337.95 Ferrari RACE ... 50 432.37 –3.50 ... 141.78 91.60 GlobalPayments GPN .9 21 109.05 +0.63 .25
134.20 98.25 ChesapeakeUtil CPK 2.1 25 121.15 –2.68 .64
6.85 4.25 Culp CULP ... dd 5.32 –0.15 ... 11.35 6.02 Ecovyst ECVT ... 17 7.76 –0.12 ... 21.32 12.43 FidelisInsurance FIHL 2.4 4 16.48 –0.15 .10 30.32 18.75 GlobalShipLease GSL 8.5 2 21.14 –0.25 .45
167.11 135.37 Chevron CVX 4.2 17 155.65 –5.82 1.63
387.90 236.00 Cummins CMI 2.0 24 367.62 +1.28 1.82 41.50 31.20 EdgewellPersonal EPC 1.8 17 33.82 +0.10 .15 64.83 46.85 FidNatlFinl FNF 3.5 21 57.70 –0.34 .50 251.50 151.68 Globant GLOB ... 53 204.07 –9.45 ...
39.60 14.69 Chewy CHWY ... 42 39.27 +2.26 ...
25.35 18.80 CurblineProp CURB .0 84 24.52 +0.98 .25 88.77 55.27 EdisonIntl EIX 5.6 17 58.87 –3.83.8275 91.98 60.39 FidNatlInfo FIS 1.8 59 79.23 +0.45 .36 132.00 38.95 GlobeLife GL .8 10 119.34 +1.04 .24
16.89 11.29 ChimeraInvt CIM 10.3 4 14.32 +0.02 .37
393.40 220.90 Curtiss-Wright CW .2 36 383.84 +16.92 .21 96.12 58.93 EdwardsLife EW ... 10 68.99 –0.79 ... 32.40 4.10 FinanceofAm FOA ... 5 26.57 –1.06 ... 93.67 49.33 GlobusMedical GMED ... cc 92.84 +2.04 ...
13.05 7.95 ChinaYuchai CYD 3.2 10 12.00 +1.62 .38
16.11 9.24 Cushman&Wkfd CWK ... 35 13.51 +0.19 ... 18.80 11.11 ElancoAnimal ELAN ... 30 12.08 +0.06 ... 7.68 4.45 FinVolution FINV ... 7 7.66 +0.64 ... 211.11 106.42 GoDaddy GDDY ... 16 207.30 +6.39 ...
69.26 46.15 Chipotle CMG ... 53 56.70 –0.82 ...
7.00 3.03 CustomTruck CTOS ... dd 5.25 +0.49 ... 136.06 69.00 Elastic ESTC ... cc 104.36 +3.97 ... 70.92 51.60 FirstAmerFin FAF 3.5 70 61.82 –0.15 .54 18.97 12.28 GoldFields GFI 1.9 24 16.76 +1.47.1692
153.81 108.91 ChoiceHotels CHH .8 28 145.94 +4.20.2875
302.05 238.85 Chubb CB 1.4 11 266.70 –2.78 .91 68.49 42.31 CustomersBancorp CUBI ... 9 57.35 +7.35 ... 19.06 9.72 EldoradoGold EGO ... 12 15.53 +1.02 ... 22.40 15.96 FirstBanCorp FBP 3.1 11 20.53 +0.86 .18 15.94 11.72 GoldmanSachsBDC GSBD14.2 18 12.72 +0.46 .45
40.62 35.92 ChunghwaTel CHT ... 27 38.93 +1.11 ... D 29.78 21.42 ElementSolns ESI 1.2 24 26.08 +0.13 .08 39.08 22.96 FirstBancshares FBMS 2.8 16 35.95 +0.29 .25 645.54 374.24 GoldmanSachs GS 1.9 16 636.90 +10.963.00
113.50 96.09 Church&Dwight CHD 1.1 48 106.25 –0.22.2837 567.26 362.21 ElevanceHealth ELV 1.7 16 400.96 +15.67 1.71 19.96 12.41 FirstCmwlthFin FCF 3.2 11 16.48 –0.07 .13 43.79 30.47 Gorman-Rupp GRC 2.0 26 37.87 +0.23 .185
101.44 43.30 Ciena CIEN ... cc 96.62 +11.86 ... 2.98 1.45 DHI Group DHX ... 84 2.56 +0.29 ... 13.46 10.88 EllingtonFin EFC 12.5 10 12.52 –0.03 .13 10.72 4.84 FirstFoundation FFWM .6 dd 6.25 –0.04 .01 94.77 77.49 Graco GGG 1.3 30 85.86 +0.72 .275
370.83 262.03 Cigna CI 1.9 28 293.64 +9.65 1.40 12.80 8.67 DHT DHT 9.3 11 10.80 +0.04 .22 18.49 12.74 ElmeComms ELME 4.9 dd 14.61 –0.21 .18 21.82 13.45 FirstHorizon FHN 2.8 16 21.08 –0.48 .15 2.53 0.52 GrafTechIntl EAF ... dd 1.63 –0.19 ...
36.28 13.45 Cinemark CNK ... 19 29.09 +0.42 ... 15.65 9.44 DNOW DNOW ... 8 15.07 +1.35 ... 17.00 11.58 EmbotellAndinaA AKO.A 7.2 12 14.91 +0.32.2125 57.35 45.10 FirstIndRlty FR 2.8 23 53.37 +2.59 .37 49.28 18.90 Graham GHM ... 66 46.71 +1.96 ...
82.77 52.24 Citigroup C 2.7 14 81.48 +1.49 .56 12.70 6.48 DRDGOLD DRD 1.6 13 10.31 +1.01.1126 20.38 13.74 EmbotellAndinaB AKO.B 6.4 13 18.70 –0.17.2338 8.44 4.17 FirstMajSilver AG .3 dd 5.62 –0.22.0048 974.00 683.00 GrahamHoldings GHC .8 18 907.16 +1.66 1.80
49.25 30.24 CitizensFin CFG 3.5 16 47.46 –0.08 .42 131.67 102.78 DTE Energy DTE 3.7 16 119.10 –4.56 1.09 41.90 17.19 Embraer ERJ ... 15 41.19 +1.81 ... 44.97 35.41 FirstEnergy FE 4.3 25 39.21 –0.68 .425 1227.66 874.40 Grainger GWW .7 30 1121.57 +7.97 2.05
5.95 1.78 Citizens CIA ... 11 4.69 +0.07 ... 114.50 51.17 DT Midstream DTM 2.6 27 111.41 –1.07 .735 7.05 3.92 EmeraldHldg EEX .0 dd 4.59 –0.07 .015 2.27 0.75 FiscalNote NOTE ... dd 1.37 +0.10 ... 105.20 43.92 GraniteConstr GVA .6 45 91.49 –0.88 .13
6.50 4.02 CityOfficeREIT CIO 7.9 dd 5.04 –0.11 .10 11.41 0.73 D-WaveQuantum QBTS ... dd 6.09 +0.82 ... 3.00 1.41 Emeren SOL ... dd 1.97 –0.07 ... 223.23 137.13 Fiserv FI ... 40 208.84 +0.26 ... 6.13 2.46 GranitePointMtg GPMT 6.9 dd 2.90 –0.07 .05
28.92 21.15 Civeo CVEO 4.1 17 24.34 +0.62 .25 24.83 14.79 DXC Tech DXC ... cc 21.09 +0.61 ... 15.10 1.42 EmergentBiosol EBS ... dd 11.66 +1.78 ... 5.76 2.83 FivePoint FPH ... 11 5.75 +1.67 ... 7.10 5.29 GraniteRidge GRNT 7.0 17 6.32 –0.51 .11
78.63 42.32 CivitasRscs CIVI 3.9 5 51.17 –2.34 .50 16.11 7.58 Dana DAN 2.6 dd 15.20 +2.28 .10 134.85 91.65 EmersonElec EMR 1.6 38 130.60 +6.07.5275 36.11 18.83 FiverrIntl FVRR ... cc 31.20 –2.77 ... 30.70 23.47 GraphicPkg GPK 1.5 12 27.36 –0.57 .10
9.61 4.25 Clarivate CLVT .0 dd 5.50 +0.41 .00 281.70 225.42 Danaher DHR ... 47 245.80 +7.44 ... 11.62 8.78 EmpireStateRealty ESRT 1.5 35 9.61 –0.02 .035 31.56 5.10 FlagstarFinl FLG .4 dd 9.51 +0.07 .01 10.07 2.91 GrayMedia GTN 8.6 2 3.73 +0.41 .08
12.80 3.36 ClarosMtg CMTG .0 dd 3.52 –0.34 .10 98.25 69.33 Danaos DAC 4.4 3 77.46 ... .85 54.44 38.67 EmployersHldgs EIG 2.4 9 49.11 –0.70 .30 30.67 20.85 FlexLNG FLNG11.9 15 25.21 +0.12 .75 10.90 5.00 GrayMediaA GTN.A 4.3 5 7.45 +0.33 .08
 38 BARRON’S January 27, 2025

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.

NYSE Cumulative Daily Breadth vs DJIA

84.66 50.47 GreenBrickPtrs GRBK ... 8 60.77 +0.93 ... 186.23 123.39 Lennar A LEN 1.5 9 132.36 –3.65 .50 57.41 14.94 Medifast MED ... 24 15.76 +0.24 ...
13.58 7.70 GreenDot GDOT ... dd 8.72 –0.16 ... 168.22 117.08 Lennar B LEN.B 1.6 9 126.35 –2.45 .50 92.68 75.96 Medtronic MDT 3.1 28 90.19 +2.11 .70
71.06 41.40 Greenbrier GBX 1.7 12 70.70 +3.85 .30 682.50 412.09 LennoxIntl LII .7 31 662.63 +15.17 1.15 134.63 94.48 Merck MRK 3.4 20 95.55 –2.37 .81
8.16 4.68 GreenfireResources GFR ... 19 6.79 –0.11 ... 24.34 15.16 LeviStrauss LEVI 2.9 46 17.54 +0.17 .13 80.72 37.89 MercuryGeneral MCY 2.6 5 49.38 +1.19.3175
3.48 2.31 GreenTree GHG 3.2 10 2.65 +0.18 .10 Living Large: NYSE Composite breadth rose for a second week, as 15.36 0.92 Li-Cycle LICY ... dd 1.10 –0.03 ... 25.33 16.49 MeridianLink MLNK ... dd 20.32 +0.68 ...
77.21 60.25 Greif B GEF.B 5.0 9 64.26 –0.12 .80 24.75 16.57 LibertyEnergy LBRT 1.4 11 22.20 –0.43 .08 106.99 73.05 MeritageHomes MTH 1.9 7 80.98 +0.40 .375
73.16 55.95 Greif A GEF 3.5 14 61.78 +0.34 .54
the S&P 500 hit a record high, three days after Trump took office. 28.92 11.89 LifeTime LTH ... 42 28.65 +0.98 ... 11.99 5.60 MesaRoyalty MTR 2.6 25 7.27 +0.52.0005
17.31 10.12 GreystoneHousing GHI 12.5 19 11.86 +0.03 .37 Winning NYSE stocks outpaced losers by nearly 2 to 1. 9.51 4.52 LifezoneMetals LZM ... dd 6.34 –0.20 ... 32.04 15.93 MesabiTrust MSB 22.1 4 31.35 +2.43 5.95
86.73 55.01 Griffon GFF .9 18 77.00 +0.38 .18 6.48 1.06 LightInTheBox LITB ... dd 1.25 –0.01 ... 24.31 13.09 Metallus MTUS ... 30 15.29 +0.28 ...
Breadth DJIA 20.09 11.01 Lightspeed LSPD ... dd 14.66 +0.05 ... 22.20 8.54 MethodeElec MEI 4.3 dd 13.17 +1.31 .14
18.43 7.93 Grindr GRND ... dd 18.08 +1.01 ...
456.68 255.73 Group1Auto GPI .4 12 449.57 +1.91 .47 635,000 45,050 972.53 630.50 EliLilly LLY .8 86 785.41 +59.69 1.50 89.05 64.61 MetLife MET 2.5 17 86.03 –0.75 .545
2.44 1.19 GroveCollab GROV ... dd 1.42 +0.09 ... 36.98 25.10 LincolnNational LNC 5.4 24 33.25 +0.12 .45 69.56 32.46 MetropolitanBk MCB ... 12 65.79 +4.79 ...
Breadth 630,451 139.23 109.27 Lindsay LNN 1.0 22 138.45 +5.41 .36 1546.93 1133.46 Mettler-Toledo MTD ... 36 1331.10 +35.67 ...
200.00 139.64 GpoAeroportuar PAC .0 19 189.40 –0.923.3806
627,800 43,600 11.30 7.27 LionsGate A LGF.A ... dd 8.27 +0.72 ... 167.39 121.51 MidAmApt MAA 4.1 33 148.41 –2.111.515
357.90 248.88 GpoAeroportSur ASR ... 12 276.85 +4.12 ...
2.65 1.94 GpoAvalAcc AVAL 3.9 14 2.39 +0.14.0076 10.55 6.48 LionsGate B LGF.B ... dd 7.37 +0.64 ... 78.25 39.92 MillerIndustries MLR 1.1 11 66.89 –1.01 .19
19.75 3.71 GpoSupervielle SUPV ... 9 16.67 –0.12 ... 620,600 42,150 405.68 243.00 LithiaMotors LAD .6 12 345.69 –6.66 .53 90.30 64.91 MineralsTechs MTX .6 16 75.91 –0.25 .11
3.65 1.66 GrupoTelevisa TV 4.3 dd 1.85 +0.14.1056 5.79 2.07 LithiumAmArg LAAC ... 0 2.74 –0.26 ... 18.81 9.11 MirionTech MIR ... dd 18.11 +1.56 ...
42.15 27.01 GuarantyBcshrs GNTY 2.3 15 41.26 +5.94 .24 613,400 40,700 7.71 2.02 LithiumAmericas LAC ... dd 3.15 –0.34 ... 12.44 7.45 MistrasGroup MG ... 28 10.06 +0.45 ...
25.74 14.16 GuardianPharm GRDN ... ... 21.58 +0.89 ... 141.18 86.67 LiveNationEnt LYV ... cc 140.74 +5.13 ... 12.56 8.75 MitsubishiUFJ MUFG 1.9 12 12.30 +0.25.1624
33.50 12.42 Guess? GES 8.9 10 13.43 +0.84 .30 606,200 39,250 50.57 31.03 LiveOakBcshs LOB .3 21 35.02 –5.64 .03 5.31 3.45 MizuhoFin MFG 2.3 12 5.15 +0.07.0867
212.00 107.00 Guidewire GWRE ... cc 205.96 +27.38 ... 42.10 21.45 LiveRamp RAMP ... cc 33.56 +1.36 ... 146.84 60.00 ModineMfg MOD ... 43 132.24 –0.56 ...
18.26 11.21 GuildHldgs GHLD .0 dd 12.78 +0.04 .50 11.50 3.52 LiveWire LVWR ... dd 3.54 –0.50 ... 18.11 13.69 ModivIndl MDV 7.9 dd 14.52 –0.41.0975
599,000 37,800 3.24 2.00 LloydsBanking LYG 4.8 8 3.05 +0.20.0546 81.60 46.24 Moelis MC 3.1 cc 78.04 +0.70 .60
201.18 120.98 GulfportEnergy GPOR ... 17 190.14 –5.28 ...
F M A M J J A S O N D J 3.23 1.52 loanDepot LDI ... dd 1.74 –0.04 ... 164.29 99.48 MohawkInds MHK ... 14 125.30 –3.97 ...
H In generating this chart, we subtract each day's NYSE composite declines from that day's advances. The resultant total is 96.99 42.57 Loar LOAR ... cc 79.75 +0.85 ... 423.92 272.69 MolinaHealthcare MOH ... 15 304.33 +18.12 ...
added to the next day's total, and so on. When all five days' numbers are added together, this produces the weekly figure we 3.33 1.18 LocalBounti LOCL ... dd 2.28 +0.14 ... 68.60 53.86 MolsonCoorsA TAP.A 3.0 13 58.11 +3.11 .44
36.56 22.59 HASustInfrCap HASI 6.1 15 27.32 –0.60 .415 plot. Dec. 31, 1985 =1000. 618.95 413.92 LockheedMartin LMT 2.7 18 496.96 +6.64 3.30 69.18 49.19 MolsonCoorsB TAP 3.2 12 55.16 –0.07 .44
417.14 281.61 HCA Healthcare HCA .8 14 313.07 +2.62 .66
87.45 71.45 Loews L .3 11 84.88 –1.37.0625 106.82 36.65 MoneyLion ML ... cc 86.61 –0.14 ...
126.50 83.65 HCI Group HCI 1.3 10 122.56 +0.81 .40
13.79 5.70 LomaNegra LOMA ... 14 11.59 +0.82 ... 49.97 15.21 MontroseEnvl MEG ... dd 23.52 +0.89 ...
68.50 52.16 HDFC Bank HDB 1.0 18 58.33 –0.07.7008 –52-Week– Tick Div –52-Week– Tick Div 122.87 63.76 LouisianaPacific LPX .9 20 115.06 +0.15 .26 503.95 360.05 Moody's MCO .7 45 489.65 +13.80 .85
64.16 33.47 HF Sinclair DINO 5.6 22 35.82 –0.51 .50 High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt.
287.01 209.81 Lowe's LOW 1.8 22 262.20 +1.14 1.15 227.92 137.19 Moog A MOG.A .6 30 194.71 –13.86 .28
58.42 40.22 HNI HNI 2.6 20 50.65 –0.20 .33 6.18 3.79 ICL Group ICL 3.3 19 5.96 +0.05.0133 72.89 40.25 KB Financial KB 3.7 7 62.12 +0.86.5662
15.47 9.61 LuckyStrike LUCK 2.2 dd 10.18 +0.21 .055 222.00 139.71 Moog B MOG.B .6 31 197.56 –7.78 .28
39.80 27.43 HP HPQ 3.5 12 32.73 +0.22.2894 120.42 86.43 IDACORP IDA 3.2 20 109.05 –1.27 .86 89.70 58.15 KB Home KBH 1.5 8 66.85 –1.04 .25
4.94 2.00 LufaxHolding LU .0 dd 2.89 +0.37 .156 139.04 83.09 MorganStanley MS 2.7 17 137.82 –0.05 .925
51.60 36.93 HSBC HSBC 5.9 8 51.29 +0.66 .50 58.77 33.84 IDT IDT ... 16 47.46 –0.61 ... 72.60 51.95 KBR KBR 1.1 24 56.30 –3.06 .15
10.33 0.97 LumenTech LUMN ... dd 5.92 +0.26 ... 33.44 23.56 Mosaic MOS 3.1 25 28.21 +1.07 .22
6.84 2.82 HUYA HUYA .0 dd 3.79 +0.49 1.06 4.19 2.18 IHS Holding IHS ... dd 3.74 +0.53 ... 26.05 12.44 KE Holdings BEKE 1.8 35 17.11 +0.01.3089
2.79 2.16 LumentFinance LFT 12.3 7 2.60 +0.02 .09 507.82 314.84 MotorolaSol MSI .9 53 479.18 +14.32 1.09
97.97 69.29 Haemonetics HAE ... 29 70.82 –2.67 ... 18.72 12.78 ING Groep ING 6.1 ... 16.75 +0.44.1417 165.83 84.68 KKR KKR .4 51 165.53 +7.96 .175 15.64 7.55 Luxfer LXFR 3.6 42 14.31 +0.58 .13 29.45 17.86 Movado MOV 7.2 19 19.49 +0.37 .35
8.99 4.99 Hafnia HAFN29.4 3 5.11 –0.32 .379 11.21 3.25 INNOVATE VATE ... dd 10.59 +5.48 ... 13.19 8.71 KKR RealEstFin KREF 9.9 dd 10.08 –0.53 .25 107.02 72.21 LyondellBasell LYB 6.9 12 77.36 +0.06 1.34 96.81 47.46 MuellerIndustries MLI 1.0 16 80.85 –1.27 .20
12.35 7.82 Hagerty HGTY ... 76 9.80 +0.14 ... 18.94 14.16 Invesco IVZ 4.7 dd 17.63 +0.43 .205 5.45 1.10 KoreGroup KORE ... dd 2.34 +0.32 ... 26.28 13.49 MuellerWater MWA 1.2 31 23.17 +0.23 .067
10.80 7.89 Haleon HLN 1.7 32 9.39 +0.15.0514 261.73 187.62 IQVIA IQV ... 27 204.33 +6.97 ... 18.45 12.10 KT KT 5.1 10 17.66 +0.92.1484 M
53.60 4.80 MultiPlan MPLN ... dd 16.01 –0.06 ...
41.56 25.51 Halliburton HAL 2.4 10 27.80 –2.10 .17 17.67 7.06 IRSA IRS .0 dd 15.75 +1.04.9652 429.95 249.51 Kadant KAI .3 39 377.85 +10.82 .32
15.26 9.89 MAC Copper MTAL ... ... 10.84 –0.29 ... 49.14 27.75 MurphyOil MUR 4.0 10 29.74 –2.50 .30
31.78 14.34 HamiltonBeach HBB 2.6 10 18.02 +0.57 .115 161.13 118.58 ITT ITT .8 26 151.33 +0.15 .319 81.91 52.46 Kellanova K ... 28 81.87 +0.09 ...
225.70 128.31 M&T Bank MTB 2.7 14 198.95 +2.19 1.35 561.08 350.55 MurphyUSA MUSA .4 20 476.92 +0.63 .48
20.71 12.44 HamiltonIns HG ... 4 19.03 –0.36 ... 6.37 2.32 IamGold IAG ... 5 6.04 +0.46 ... 73.01 54.11 Kemper KMPR 1.9 16 65.40 +0.14 .31
7.16 3.22 MBIA MBI ... dd 5.98 –0.07 ... 23.63 10.35 MyersIndustries MYE 4.4 29 12.21 +0.48 .135
9.10 4.06 Hanesbrands HBI ... dd 8.35 +0.06 ... 117.59 41.87 Ibotta IBTA ... cc 74.63 +2.32 ... 32.18 22.50 Kennametal KMT 3.3 19 23.93 –0.32 .20
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

166.13 119.66 HanoverIns THG 2.3 15 153.65 –2.63 .90 246.36 189.51 IDEX IEX 1.3 34 219.97 +4.28 .69 11.88 7.85 Kennedy-Wilson KW 5.3 dd 9.12 –0.08 .12 20.39 10.49 MDU Rscs MDU ... 9 18.10 –0.31 ... N
44.16 27.37 HarleyDavidson HOG 2.4 6 28.39 –0.65.1725 2.82 1.47 iHuman IH .0 6 1.67 ... .10 34.33 19.63 KenonHoldings KEN 11.9 10 31.90 –1.47 3.80 13.45 9.36 MFA Financial MFA 13.8 6 10.18 +0.08 .35
12.29 5.41 HarmonyGold HMY 1.0 15 10.87 +1.10.0525 279.13 232.77 IllinoisToolWks ITW 2.3 22 259.90 +3.52 1.50 24.46 17.67 Kenvue KVUE 3.9 37 20.78 –0.32 .205 26.56 18.68 MGIC Investment MTG 2.1 9 24.75 +0.29 .13 37.45 25.19 NACCO Inds NC 2.8 dd 32.34 +1.10.2275
124.90 85.34 HartfordFinl HIG 1.9 11 111.49 –0.44 .52 26.84 13.20 Imax IMAX ... 55 23.55 +0.36 ... 20.04 13.11 KeyCorp KEY 4.6 dd 17.68 –0.62 .205 48.25 31.61 MGM Resorts MGM ... 12 32.89 +0.04 ... 15.49 8.91 N-able NABL ... 49 9.65 +0.41 ...
37.05 21.05 HavertyFurn HVT 5.6 14 22.91 +0.57 .32 22.26 14.08 IndepRealty IRT 3.4 ... 18.77 –0.23 .16 175.39 119.72 KeysightTech KEYS ... 49 172.88 +7.19 ... 176.18 109.92 M/I Homes MHO ... 7 135.50 –2.18 ... 35.50 18.42 NCR Atleos NATL ... dd 32.52 –0.45 ...
18.19 7.61 HawaiianElec HE ... dd 8.94 –0.20 ... 39.80 22.08 Informatica INFA ... cc 24.76 +0.38 ... 74.79 52.96 Kforce KFRC 2.7 19 55.70 –0.58 .38 27.71 12.51 MinisoGroup MNSO 1.1 19 23.19 –0.36.2744 15.98 10.87 NCR Voyix VYX ... dd 12.62 –0.49 ...
11.20 10.31 HaymakerAcqnCorp.4 HYAC ... 25 10.81 +0.01 ... 3.58 1.62 MOGU MOGU ... dd 2.61 +0.06 ... 14.28 6.57 NetPower NPWR ... 92 9.97 +0.67 ...
23.63 16.04 Infosys INFY 1.9 27 21.68 +0.49.2126 43.78 30.71 KilroyRealty KRC 5.6 23 38.85 –0.11 .54
16.87 11.96 Hayward HAYW ... 35 15.08 –0.02 ... 53.15 37.04 MPLX MPLX 7.4 12 51.88 +0.73.9565 6.20 3.84 NGL Energy NGL ... dd 5.37 +0.11 ...
106.03 79.03 IngersollRand IR .1 45 93.11 +1.23 .02 149.31 117.67 KimberlyClark KMB 3.8 17 128.41 +1.19 1.22
18.90 12.77 HealthcareRealty HR 7.4 dd 16.79 +0.31 .31 24.01 10.02 MP Materials MP ... dd 21.57 +0.63 ... 7.71 3.61 NIO NIO ... dd 4.29 –0.07 ...
56.30 30.90 Ingevity NGVT ... dd 46.91 –0.29 ... 25.83 17.57 KimcoRealty KIM 4.4 43 22.92 +0.63 .25
23.26 16.02 HealthpeakProp DOC 5.8 44 20.83 +0.05 .30 15.31 10.19 MRC Global MRC ... 18 15.27 +0.84 ... 9.42 5.00 NL Industries NL 3.9 7 8.13 +0.74 .08
25.69 18.90 IngramMicro INGM ... 17 23.33 +1.48 ... 31.48 16.47 KinderMorgan KMI 3.8 26 30.27 –0.04.2875
7.68 3.33 HeclaMining HL .3 dd 5.49 +0.11 .01 200.61 153.79 MSA Safety MSA 1.2 24 163.77 –0.08 .51 49.57 37.55 NNN REIT NNN 5.8 18 39.69 –0.38 .58
155.44 107.40 Ingredion INGR 2.4 13 135.76 +0.65 .80 29.89 17.05 KinderCareLearning KLC ... 43 20.55 +0.45 ...
642.45 439.95 MSCI MSCI 1.0 41 620.72 +8.70 1.60 21.20 13.95 NOV NOV 1.9 5 14.85 –0.77 .075
283.60 178.20 Heico HEI .1 64 235.54 –1.52 .11 138.35 62.45 InnovativeIndProp IIPR 11.2 12 67.97 –0.14 1.90 67.60 31.73 Kinetik KNTK 4.7 24 66.25 +1.08 .78
219.22 140.27 Heico A HEI.A .1 52 189.00 +0.97 .11 104.76 72.79 MSC Industrial MSM 4.1 20 82.89 +1.11 .85 8.65 5.61 NPKInternational NPKI ... 18 7.67 –0.02 ...
25.19 12.54 InnovexIntl INVX ... dd 16.81 –0.48 ... 9.58 7.60 KingswayFin KFS ... dd 7.99 –0.17 ...
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

12.25 7.02 MV Oil MVO18.0 5 7.28 –0.20 .24 115.38 51.26 NRG Energy NRG 1.5 27 112.37 +7.86 .44
57.29 39.08 HeliosTech HLIO .8 39 43.94 +0.05 .09 3.40 1.37 Innovid CTV ... dd 3.10 +0.02 ... 10.82 4.75 KinrossGold KGC 1.1 18 10.69 +0.38 .03
10.89 2.41 Mytheresa MYTE ... dd 9.29 –0.10 ... 9964.77 6980.00 NVR NVR ... 17 8200.56 –162.30 ...
13.05 8.46 HelixEnergy HLX ... cc 8.54 –0.56 ... 116.45 71.69 Insperity NSP 3.1 25 78.34 +1.51 .60 548.47 355.12 KinsaleCapital KNSL .1 25 432.64 –3.70 .15
22.27 12.99 Macerich MAC 3.3 dd 20.52 +0.72 .17 105.96 50.15 NaborsIndustries NBR ... dd 62.60 –4.11 ...
44.11 29.46 Helm&Payne HP 2.9 10 34.72 –1.66 .25 257.40 123.00 InspireMedical INSP ... cc 188.47 +10.79 ... 132.21 78.55 Kirby KEX ... 21 109.09 –2.85 ...
21.19 14.46 MachNaturalRscs MNR 17.6 dd 18.17 +0.52 .60 51.76 32.13 NatlBankHoldings NBHC 2.7 14 42.45 –1.64 .29
12.90 6.05 Herbalife HLF ... 8 6.45 –0.12 ... 281.04 169.02 InstalledBldg IBP .7 23 204.94 +8.94 .35 28.24 19.64 KiteRealty KRG 4.3 dd 23.81 +0.50 .27
22.10 13.66 Macy's M 4.5 26 15.36 +1.37.1737 70.12 45.32 NationalFuelGas NFG 3.0 86 69.52 +1.26 .515
246.88 124.70 HercHoldings HRI 1.3 17 211.06 +5.23 .665 38.40 23.60 InsteelInds IIIN .4 29 28.80 +1.81 1.00 44.77 21.26 Klaviyo KVYO ... dd 43.67 +3.49 ...
44.14 32.40 MSG Ent MSGE ... 10 36.31 +0.35 ... 73.40 55.13 NationalGrid NGG 5.8 22 60.28 +0.752.4939
21.78 16.72 HerculesCapital HTGC 7.6 11 21.08 +0.33 .08 144.22 94.56 IntegerHoldings ITGR ... 44 142.44 +1.44 ... 108.83 64.72 KnifeRiver KNF ... 30 104.44 –0.44 ...
237.99 178.35 MSG Sports MSGS ... 76 219.58 +2.58 ... 86.13 51.59 NatlHealthInv NHI 5.2 24 69.62 +0.30 .90
16.90 5.51 HeritageInsurance HRTG ... 4 11.19 +0.06 ... 167.99 124.34 ICE ICE 1.1 37 157.47 +8.36 .45 61.51 45.55 Knight-Swift KNX 1.1 79 57.24 +2.39 .16
59.37 38.01 MagnaIntl MGA 4.6 11 41.17 +0.82 .475 99.39 69.58 NatlPrestoInds NPK 1.0 21 97.99 +0.52 3.50
211.92 147.60 Hershey HSY 3.6 17 150.71 –2.16 1.37 132.89 91.57 InterContHtls IHG 1.2 34 131.08 +4.26 .532 9.11 4.94 KnotOffshore KNOP 1.8 dd 5.76 –0.15 .026
6.93 3.56 Magnachip MX ... dd 4.13 –0.03 ... 49.44 34.50 NatlStorage NSA 6.2 22 36.73 +0.12 .57
163.98 123.79 Hess HES 1.4 17 144.40 –6.95 .50 30.59 20.56 IntercorpFinSvcs IFS 3.4 12 29.34 +0.18 1.00 20.86 14.97 Knowles KN ... dd 19.95 –0.42 ...
35.23 15.80 Magnera MAGN ... dd 17.90 –0.17 ... 29.74 14.09 NaturalGasSvcs NGS ... 22 28.18 +0.19 ...
41.61 32.15 HessMidstream HESM 6.6 17 41.28 ....6846 239.35 162.62 IBM IBM 3.0 33 224.80 +0.01 1.67 49.72 22.64 KodiakGasSvcs KGS 3.2 cc 49.61 +2.23 .41
29.02 19.53 MagnoliaOil MGY 2.1 13 25.36 –1.17 .13 47.57 14.31 NaturalGrocers NGVC 1.2 28 41.50 +1.17 .12
24.66 14.47 HewlettPackard HPE 2.1 13 24.37 +1.23 .13 106.77 72.94 IntlFlavors IFF 1.9 dd 85.85 +0.96 .40 29.60 12.62 Kohl's KSS 14.7 6 13.60 +0.60 .50
61.37 43.90 MainStreetCap MAIN 4.9 11 61.17 +1.13 .25 113.04 81.74 NaturalResPtrs NRP 2.8 9 107.84 +0.62 .75
77.09 57.50 Hexcel HXL 1.0 42 67.60 +1.25 .17 27.27 16.83 IntlGameTech IGT 4.7 28 17.15 –0.02 .20 32.91 18.90 Philips PHG .0 dd 26.87 +1.07.9154
22.00 13.50 ManchesterUnited MANU ... dd 16.22 +0.21 ... 6.50 3.80 Natuzzi NTZ ... dd 5.02 +0.11 ...
36.78 21.46 HighwoodsProp HIW 6.8 22 29.41 –0.81 .50 60.36 32.70 IntlPaper IP 3.1 51 60.09 +3.16.4625 94.82 52.95 KontoorBrands KTB 2.3 21 91.25 +5.27 .52
17.65 8.30 Manitowoc MTW ... dd 9.97 +0.69 ... 10.75 5.16 NatWest NWG 4.2 8 10.57 +0.36.1543
50.58 25.11 Hillenbrand HI 2.6 dd 35.03 +1.08 .225 65.94 32.11 IntlSeaways INSW 1.3 3 35.78 –2.67 .12 58.23 29.26 Koppers KOP .9 9 31.34 –0.44 .07
78.87 53.70 Manpower MAN 5.1 76 60.39 +0.85 1.54 18.18 14.55 Navigator NVGS 1.2 15 16.36 –0.32 .05
35.32 26.67 Hilltop HTH 2.4 18 28.90 ... .17 35.17 26.30 Interpublic IPG 4.6 13 28.54 +0.71 .33 9.55 6.68 KoreaElecPwr KEP ... 3 7.34 +0.18 ...
33.07 21.54 ManulifeFinl MFC 2.9 15 30.56 –0.05.2847 127.32 83.75 Nelnet NNI 1.0 37 110.75 +2.01 .28
49.02 33.21 HiltonGrandVac HGV ... 47 41.23 +0.82 ... 29.75 17.52 IntrepidPotash IPI ... dd 27.13 +0.62 ... 80.64 57.80 KornFerry KFY 2.1 15 70.70 –0.04 .37
221.11 130.54 MarathonPetrol MPC 2.4 12 151.61 –1.09 .91 3.60 0.73 NerdyA NRDY ... dd 1.76 +0.10 ...
259.01 186.83 Hilton HLT .2 53 247.73 +1.12 .15 31.65 23.53 InvenTrust IVT 3.0 cc 29.77 +0.80.2263 6.58 2.62 KosmosEnergy KOS ... 8 3.43 –0.16 ...
42.80 29.93 Marcus&Millichap MMI 1.3 dd 37.39 +0.76 .25 33.06 22.16 NetLeaseOffice NLOP ... dd 31.19 –0.50 ...
9.76 4.54 HimalayaShipping HSHP ... 8 4.76 –0.20.005 9.97 7.48 InvescoMtg IVR 19.7 7 8.12 –0.01 .40 63.59 44.48 Kroger KR 2.2 16 58.70 +0.34 .32
23.16 9.56 Marcus MCS 1.4 dd 20.22 +0.40 .07 18.97 13.42 Netstreit NTST 5.8 dd 14.38 –0.19 .21
35.02 8.51 Hims&HersHealth HIMS ... 71 30.87 +3.02 ... 37.80 30.13 InvitatHomes INVH 3.8 75 30.51 –0.81 .29 14.50 8.26 KronosWorldwide KRO 2.0 12 9.92 +0.39 .05
12.47 8.67 MarineProducts MPX 6.1 17 9.13 –0.01 .14 16.59 3.79 NeueHealth NEUE ... dd 7.40 –0.05 ...
34.24 8.68 Hippo HIPO ... dd 25.99 –1.31 ... 54.74 6.22 IonQ IONQ ... dd 40.76 +1.87 ... 4.07 0.23 KukeMusic KUKE ... dd .46 –0.03 ...
38.20 22.51 MarineMax HZO ... 13 30.62 +2.61 ... 18.48 3.17 Nevro NVRO ... dd 5.16 +0.59 ...
5.23 2.29 Holley HLLY ... 24 3.14 +0.02 ... 130.24 66.20 IronMountain IRM 2.6 cc 111.05 +1.83 .715 39.54 19.24 Kyndryl KD ... dd 39.33 +1.07 ...
1817.81 1342.66 Markel MKL ... 8 1811.06 +36.99 ... 51.95 39.44 NewJerseyRscs NJR 3.8 16 46.87 –0.46 .45
32.91 22.38 HomeBancShares HOMB 2.6 15 30.06 –0.34 .195 7.27 4.86 ItauUnibanco ITUB 1.9 7 5.47 +0.15.0485
L 8.80 1.57 Markforged MKFG ... dd 3.44 +0.01 ... 98.20 44.46 NewOrientalEduc EDU .0 20 46.72 –14.12 .58
439.37 323.77 HomeDepot HD 2.2 28 414.50 +5.12 2.25
JK 108.57 67.28 MarriottVacations VAC 3.6 16 86.75 +1.71 .79 58.16 41.55 NYTimes A NYT 1.0 32 53.68 +1.82 .13
37.90 23.41 HondaMotor HMC 4.0 7 28.66 +0.42.6732 29.13 21.83 LatamAirlines LTM ... 11 28.27 +1.01 ... 235.50 189.63 Marsh&McLen MMC 1.5 27 218.96 +3.73 .815 650.00 480.00 NewMarket NEU 2.0 11 497.22 +1.63 2.50
43.26 31.81 HoraceMann HMN 3.6 15 38.02 –0.15 .34 18.86 13.65 JBG SMITH Prop JBGS 4.6 dd 15.20 –0.22 .175 129.38 96.19 LCI Inds LCII 4.3 21 105.88 –1.40 1.15 633.23 490.05 MartinMarietta MLM .6 17 548.56 +6.00 .79 58.72 29.42 Newmont NEM 2.4 dd 42.04 +0.37 .25
36.86 28.51 HormelFoods HRL 3.8 21 30.88 +0.95 .29 132.69 82.64 JBT Marel JBTM .3 24 131.22 +7.37 .10 4.86 3.05 LG Display LPL ... dd 3.25 +0.01 ... 86.70 63.81 Masco MAS 1.5 21 79.25 +1.05 .29 9.61 5.10 NexaResources NEXA ... dd 6.37 –0.04 ...
199.85 133.02 DR Horton DHI 1.1 10 142.92 –4.73 .40 21.75 7.44 JELD-WEN JELD ... dd 9.60 +0.10 ... 10.40 6.74 LSB Inds LXU ... dd 8.73 –0.34 ... 166.95 64.39 MasTec MTZ ... cc 159.75 +4.75 ... 8.96 4.95 NexGenEnergy NXE ... 42 7.24 +0.37 ...
192.10 119.28 HoulihanLokey HLI 1.2 38 185.98 +4.78 .57 40.61 23.06 J.Jill JILL 1.0 10 27.82 +0.53 .07 39.89 30.30 LTC Properties LTC 6.6 15 34.38 –0.55 .19 20.67 13.37 MasterBrand MBC ... 15 17.38 +0.31 ... 18.09 12.63 NexPointRealEst NREF13.2 14 15.15 –0.52 .50
240.34 115.90 Hovnanian HOV ... 4 135.27 –4.05 ... 267.10 171.30 JPMorganChase JPM 1.9 13 264.84 +5.68 1.25 265.74 200.18 L3HarrisTech LHX 2.1 35 218.65 +0.49 1.16 537.70 428.86 Mastercard MA .6 40 533.49 +8.79 .76 48.37 28.20 NexPointResidentl NXRT 5.3 22 38.70 –0.55 .51
87.77 56.22 HowardHughes HHH ... 50 75.76 –0.89 ... 174.80 95.85 Jabil JBL .2 17 173.33 +10.43 .08 10.57 7.65 LXP Industrial LXP 6.4 cc 8.42 +0.27 .135 71.08 47.15 MatadorRscs MTDR 1.6 8 61.12 –2.65 .25 3.00 1.52 Nextdoor KIND ... dd 2.50 +0.08 ...
129.10 55.00 HowmetAerospace HWM .3 49 127.03 +1.73 .08 115.22 48.00 JacksonFinl JXN 3.0 dd 93.06 +0.48 .70 46.47 32.00 La-Z-Boy LZB 1.9 16 45.52 +0.66 .22 145.08 93.20 Materion MTRN .5 29 102.36 +1.28 .135 86.10 53.95 NextEraEnergy NEE 2.8 22 72.83 +2.07 .515
481.35 326.13 Hubbell HUBB 1.2 33 455.26 +17.88 1.32 150.54 111.17 JacobsSolns J .8 22 141.02 +1.76 .29 247.99 191.97 Labcorp LH ... 48 246.00 +7.44 ... 19.96 9.41 Mativ MATV 4.1 5 9.69 +0.13 .10 116.17 73.00 NicoletBankshares NIC 1.0 14 109.49 +2.69 .28
762.47 434.84 HubSpot HUBS ... dd 726.61 +22.17 ... 43.57 29.88 JamesHardie JHX ... 34 34.20 +0.37 ... 12.48 10.10 LadderCapital LADR 8.3 14 11.06 –0.11 .23 169.12 100.50 Matson MATX 1.0 11 136.32 –1.30 .34 107.43 70.32 Nike NKE 2.2 23 73.57 +2.73 .40
10.49 4.94 HudbayMinerals HBM .2 37 8.59 ....0074 45.74 28.52 JanusHenderson JHG 3.6 17 43.51 +0.65 .39 107.50 52.99 LambWeston LW 2.4 24 60.59 +0.51 .37 26.46 18.50 MauiLand MLP ... dd 19.70 –0.04 ... 3.26 0.75 NineEnergy NINE ... dd 1.48 +0.30 ...
8.99 2.39 HudsonPacProp HPP .0 dd 3.16 +0.02 .05 15.86 6.68 JanusIntl JBI ... 11 7.87 +0.27 ... 84.70 18.75 LandBridge LB .5 dd 77.69 +2.94 .10 93.97 69.72 Maximus MMS 1.6 15 76.36 –2.02 .30 38.83 24.80 NiSource NI 2.8 23 37.76 –0.35 .28
406.46 213.31 Humana HUM 1.2 26 294.63 +12.00 .885 82.68 39.59 JefferiesFinl JEF 2.1 26 76.16 +0.41 .40 3.78 0.91 Lanvin LANV ... dd 2.26 +0.27 ... 23.02 11.07 MayvilleEngg MEC ... 28 16.25 +0.48 ... 15.44 7.14 NoahHoldings NOAH ... 2 10.97 +0.02 ...
299.50 184.29 HuntingIngalls HII 2.7 11 202.72 +0.17 1.35 37.36 16.70 JinkoSolar JKS 14.1 36 20.97 –0.27 1.50 56.61 36.62 LasVegasSands LVS 1.8 22 43.50 –0.90 .20 85.02 64.00 McCormickVtg MKC.V 2.4 26 74.91 +1.68 .45 52.16 28.40 Noble NE 6.0 10 33.25 –0.29 .50
27.01 15.95 Huntsman HUN 5.8 dd 17.20 –0.67 .25 10.72 4.50 JobyAviation JOBY ... dd 8.76 +0.59 ... 61.14 35.56 Lazard LAZ 3.7 21 53.90 +2.75 .50 85.49 64.33 McCormick MKC 2.4 26 74.89 +1.58 .45 4.95 3.29 Nokia NOK 2.1 55 4.51 ....0324
168.20 125.45 HyattHotels H .4 12 154.77 –1.22 .15 168.85 140.68 J&J JNJ 3.4 25 146.82 –0.21 1.24 147.11 90.03 Lear LEA 3.2 10 96.29 +1.97 .77 317.90 243.53 McDonald's MCD 2.5 25 285.46 +4.51 1.77 20.05 15.43 NomadFoods NOMD 3.6 12 16.51 –0.46 .15
84.44 48.73 Hyster-Yale HY 2.6 6 53.43 –0.44 .35 87.16 52.02 JohnsonControls JCI 1.8 32 81.60 +0.46 .37 24.30 9.18 Leggett&Platt LEG 1.9 dd 10.69 +0.05 .05 12.50 5.92 McEwenMining MUX ... 4 8.37 –0.02 ... 6.62 4.66 Nomura NMR 3.4 11 6.26 +0.28.1531
I 288.50 168.36 JonesLang JLL ... 28 276.14 +14.46 ... 202.90 108.97 Leidos LDOS 1.1 17 145.59 –9.59 .40 637.51 464.42 McKesson MCK .5 31 591.58 –0.99 .71 4.55 2.41 NordicAmTankers NAT 15.3 9 2.62 –0.12 .04
15.04 2.89 JumiaTech JMIA ... dd 3.98 +0.28 ... 53.85 14.03 Lemonade LMND ... dd 32.11 –0.72 ... 25.78 10.21 MediaAlpha MAX ... 66 10.98 –0.16 ... 24.99 16.79 Nordstrom JWN 3.1 15 24.17 +0.07 .19
32.14 23.54 ICICI Bank IBN .7 18 27.96 –0.21.2028 39.79 34.30 JuniperNetworks JNPR 2.3 51 39.03 +0.60 .22 18.75 7.48 LendingClub LC ... 37 17.04 +0.39 ... 6.55 3.08 MedicalProp MPW 6.8 dd 4.69 +0.60 .08 277.60 206.71 NorfolkSouthern NSC 2.1 24 254.67 +9.33 1.35
 January 27, 2025 BARRON’S 39

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.
25.92 16.46 NorthAmConstr NOA 1.6 15 20.32 –0.17.0732 38.94 14.77 Paymentus PAY ... 96 30.39 +0.25 ... 64.88 50.65 RealtyIncome O 5.8 52 54.34 –0.28 .264 54.41 27.30 Shutterstock SSTK 4.1 29 29.26 –1.70 .30
T
8.62 3.88 NoEuroOil NRT 10.6 8 4.53 –0.45 .02 26.25 11.94 Paysafe PSFE ... dd 18.15 +0.13 ... 191.00 37.35 Reddit RDDT ... dd 182.40 +7.07 ... 5.93 3.08 Sibanye-Stillwater SBSW ... dd 3.76 +0.26 ...
44.31 31.13 NorthernOil&Gas NOG 4.4 5 37.94 –4.09 .42 29.94 17.73 PeabodyEnergy BTU 1.6 5 19.35 +0.05 .075 23.35 2.76 Redwire RDW ... dd 21.24 +6.49 ... 112.06 54.44 SignetJewelers SIG 1.9 7 60.45 +2.97 .29 15.52 7.35 TAL Education TAL ... 60 11.69 +1.82 ...
555.57 418.60 NorthropGrum NOC 1.7 31 497.02 +14.64 2.06 16.86 9.89 PeakstoneRealty PKST 8.3 dd 10.81 –0.46 .225 8.15 5.46 RedwoodTrust RWT10.6 12 6.33 –0.17 .18 26.75 ... SilaRealty SILA 6.6 62 24.30 +0.09.1333 50.37 31.84 TC Energy TRP ... 13 47.55 +0.15 ...
44.25 34.82 NorthwestNat NWN 4.9 19 39.88 –0.53 .49 16.43 11.69 Pearson PSO 1.8 26 15.96 +0.21.1967 185.28 130.94 RegalRexnord RRX .8 52 165.44 +8.94 .35 58.14 41.14 SilganHoldings SLGN 1.4 19 52.54 –0.07 .19 143.77 98.70 TD Synnex SNX 1.2 18 142.50 +5.40 .44
28.64 14.69 NorwegCruise NCLH ... 25 25.68 –1.49 ... 16.65 11.65 PebblebrookHotel PEB .3 dd 13.92 +0.17 .01 36.80 20.50 RegionalMgmt RM 3.3 15 36.33 +0.64 .30 11.50 9.95 SilverBoxIVA SBXD ... ... 10.09 –0.01 ... 159.98 137.61 TE Connectivity TEL 1.7 25 154.69 +8.97 .65
3.07 1.22 NouveauMonde NMG ... dd 2.23 –0.03 ... 16.41 6.62 PediatrixMedical MD ... dd 14.32 +0.48 ... 27.96 17.42 RegionsFinl RF 4.1 13 24.47 +0.27 .25 16.67 5.71 Similarweb SMWB ... dd 16.67 +1.03 ... 19.62 12.35 Tegna TGNA 2.7 6 18.23 +0.26 .125
120.92 92.35 Novartis NVS 3.2 12 99.97 +2.443.7772 43.44 32.81 PembinaPipeline PBA 5.2 15 37.11 –0.37.5076 233.81 163.81 ReinsGrp RGA 1.6 21 224.84 +1.86 .89 186.00 135.15 SimonProperty SPG 4.8 23 174.25 +0.11 2.10 18.35 13.24 Telus TU 7.9 31 14.15 +0.20 .286
148.15 78.17 NovoNordisk NVO 1.2 29 87.97 +9.28.5126 8.04 6.43 PennantPark PNNT13.7 42 6.99 +0.21 .08 342.20 256.98 Reliance RS 1.5 16 290.72 +2.66 1.10 218.38 155.73 SimpsonMfg SSD .7 22 166.00 –2.79 .28 11.51 2.83 TelusIntl TIXT ... 57 3.96 +0.41 ...
16.15 8.51 NuHoldings NU ... 34 12.34 +0.81 ... 119.13 83.03 PennyMacFin PFSI 1.1 35 109.36 +1.74 .30 300.00 208.98 RenaissanceRe RNR .6 4 256.02 –1.44 .39 16.50 11.27 SiriusPoint SPNT ... 9 14.54 –0.45 ... 44.44 28.37 Ternium TX 10.6 69 29.38 +0.45 .90
19.30 5.95 NuSkinEnts NUS 3.5 dd 6.89 –0.12 .06 15.22 11.77 PennyMacMtg PMT 12.7 9 12.61 –0.10 .40 39.47 27.98 Renasant RNST 2.4 12 36.57 +0.26 .22 188.01 114.60 SiteOneLandscape SITE ... 48 147.58 +4.77 ... 162.13 126.00 TFI Intl TFII 1.3 25 135.59 +1.36 .45
203.00 112.25 Nucor NUE 1.8 12 122.17 –2.36 .55 179.72 142.32 PenskeAuto PAG 2.5 12 160.97 +0.47 1.19 34.07 22.40 RentokilInit RTO 2.1 25 24.17 +0.31.2034 25.95 18.40 SitioRoyalties STR 7.1 dd 21.17 –0.76 .28 19.14 11.32 TIM TIMB 5.4 10 12.73 +0.57.1723
32.30 2.46 NuScalePower SMR ... dd 27.97 +6.00 ... 110.71 71.40 Pentair PNR 1.0 26 103.01 –0.01 .25 25.01 11.35 ReposiTrak TRAK .3 71 21.46 +0.03.0181 58.70 35.93 SixFlags FUN 2.7 dd 43.77 –0.61 .30 128.00 92.35 TJX TJX 1.2 29 122.73 +0.88 .375
60.87 43.70 Nutrien NTR 4.1 36 52.77 +1.15 .54 277.89 148.00 Penumbra PEN ... cc 274.06 +10.37 ... 220.58 169.83 RepublicSvcs RSG 1.1 34 211.83 –1.90 .58 76.67 55.67 SkechersUSA SKX ... 19 75.94 +5.98 ... 154.25 78.69 TKO TKO ... dd 153.08 +10.88 ...
4.16 1.52 NuvationBio NUVB ... dd 2.52 +0.01 ... 3.77 1.70 Perfect PERF ... 47 2.38 –0.21 ... 28.28 16.53 ResideoTech REZI ... 20 23.16 +0.20 ... 10.33 3.29 SkeenaRscs SKE ... dd 9.92 +0.49 ...
9.66 5.12 TPG RE Fin TRTX11.5 12 8.37 –0.14 .24
0.09 0.02 NuvFRIncmFdRt JFR.RT ... ... .03 –0.04 ... 92.44 61.60 PerformanceFood PFGC ... 33 88.85 +1.12 ... 260.49 170.56 ResMed RMD .8 33 250.51 +10.73 .53 34.42 5.09 Skillsoft SKIL ... dd 30.30 –1.16 ...
50.28 34.63 TXNM Energy TXNM 3.5 25 47.18 –1.27.4075
86.57 56.44 nVentElectric NVT 1.1 22 74.83 +2.51 .20 14.44 4.44 PerimeterSolutions PRM ... dd 13.41 –0.45 ... 83.29 59.86 RestaurantBrands QSR 3.7 16 62.08 +1.60 .58 7.48 4.33 Skillz SKLZ ... dd 6.62 +0.36 ...
23.56 15.22 TXO Partners TXO 12.1 dd 19.15 –0.24 .58
15.42 10.14 PermianBasin PBT 4.7 15 11.68 –0.08.0205 39.58 14.04 Revolve RVLV ... 55 31.51 +1.49 ... 37.72 19.00 SmartFinancial SMBK .9 17 35.54 +3.96 .08
O 226.40 112.61 TaiwanSemi TSM .9 32 221.88 +10.38.5484
18.28 12.59 PermianRscs PR 3.9 9 15.22 –0.78 .15 129.50 97.32 Revvity RVTY .2 50 123.15 +4.76 .07 3.17 1.17 SmartRent SMRT ... dd 1.58 ... ...
15.08 12.58 TakedaPharm TAK 4.1 22 12.99 +0.07 .333
47.66 33.19 OFGBancorp OFG 2.3 10 43.25 –0.99 .25 1.96 1.03 PermianvilleRT PVL 5.7 7 1.51 –0.07.0105 60.79 39.02 RexAmerRscs REX ... 11 41.04 –0.70 ... 92.45 67.17 SmithAO AOS 1.9 19 70.57 –1.24 .34
14.67 8.89 TalosEnergy TALO ... 19 10.19 –0.71 ...
44.41 32.06 OGE Energy OGE 3.9 22 43.20 +0.63.4212 4.76 3.26 PermRock PRT 10.1 10 4.19 +0.10.0403 54.60 36.92 RexfordIndlRealty REXR 4.1 33 40.88 +1.88.4175 31.72 23.65 Smith&Nephew SNN 2.9 36 25.08 –0.21 .288
34.50 15.75 TamboranRscs TBN ... dd 25.49 +4.05 ...
33.51 23.14 Perrigo PRGO 4.5 dd 24.71 +0.87 .276 42.19 26.98 RingCentral RNG ... dd 34.65 +0.84 ... 39.50 20.55 SmithDouglas SDHC ... 13 24.31 –0.76 ...
17.58 9.85 O-I Glass OI ... dd 11.12 +0.70 ... 37.57 25.67 Tanger SKT 3.4 38 32.81 –0.38 .275
78.89 57.74 ONE Gas OGS 3.8 18 68.85 –3.90 .67 17.91 12.55 PetroleoBrasil PBR 19.4 5 13.73 +0.01.2034 74.24 57.85 RioTinto RIO 7.0 9 62.09 +0.99 1.77 134.62 99.81 Smucker SJM 4.2 21 103.71 +1.57 1.08
75.78 35.23 Tapestry TPR 1.9 22 74.65 +3.26 .35
–4.43 1.03 17.32 11.52 PetroleoBrasilA PBR.A21.6 5 12.37 +0.12 .193 6.65 4.14 Riskified RSKD ... dd 5.25 +0.22 ... 56.99 38.55 SmurfitWestrock SW 2.2 23 56.02 +3.06.3025
118.07 67.05 ONEOK OKE 3.9 22 104.53 218.51 84.33 TargaResources TRGP 1.4 38 209.07 –6.65 .75
31.54 24.48 Pfizer PFE 6.6 35 26.09 –0.21 .43 12.02 9.97 RithmCapital RITM 8.8 11 11.30 –0.05 .25 17.50 8.29 Snap SNAP ... dd 10.89 +0.03 ...
8.35 5.37 ON24 ONTF ... dd 6.60 +0.16 ... 181.86 120.21 Target TGT 3.2 15 137.89 +4.28 1.12
134.15 87.82 PhilipMorris PM 4.2 20 127.28 +5.69 1.35 6.01 2.65 RithmProperty RPT 8.6 dd 2.80 –0.09 .06 373.90 252.98 Snap-On SNA 2.4 18 350.48 +1.98 2.14
20.85 12.86 Openlane KAR ... cc 20.65 +0.55 ... 75.49 51.18 TaylorMorrison TMHC ... 9 65.53 –0.14 ...
174.08 108.91 Phillips66 PSX 3.8 16 121.86 +1.33 1.15 83.25 57.05 RobertHalf RHI 3.0 25 69.88 –1.04 .53 237.72 107.13 Snowflake SNOW ... dd 174.12 +3.33 ...
19.98 12.57 OutfrontMedia OUT 6.6 13 18.70 –0.21.7684 26.77 5.05 Team TISI ... dd 17.20 +1.20 ...
4.15 1.20 PhoenixNewMedia FENG ... dd 2.23 –0.26 ... 67.43 29.55 Roblox RBLX ... dd 67.07 +1.54 ... 51.90 32.24 SOQUIMICH SQM ... dd 39.21 –0.95 ...
71.19 45.17 OccidentalPetrol OXY 1.8 13 49.29 –2.68 .22 33.45 18.54 TechnipFMC FTI .6 21 31.39 –1.18 .05
29.16 17.07 Phreesia PHR ... dd 27.89 +0.68 ... 21.38 10.06 RocketCos. RKT ... dd 12.02 +0.15 ... 8.09 4.35 SohoHouse SHCO ... dd 7.68 +0.15 ...
30.98 19.68 OceaneeringIntl OII ... 20 26.45 –0.23 ... 55.13 36.50 TeckResourcesB TECK .8 69 43.36 +0.20.089
11.12 5.93 PiedmontOfficeA PDM 5.8 dd 8.64 –0.18 .125 307.71 242.81 Rockwell ROK 1.8 35 288.43 +1.83 1.31 36.52 7.15 SolarisEnergy SEI 1.4 79 34.98 +3.66 .12
9.93 2.25 Offerpad OPAD ... dd 2.33 –0.42 ... 86.99 40.94 Tecnoglass TGLS .7 26 84.47 +0.42 .15
95.42 65.20 PinnacleWest PNW 4.2 16 85.74 –0.90 .895 48.09 27.63 RogersComm B RCI 5.2 14 28.47 +0.26.3686 14.94 10.14 SolarWinds SWI ... 65 14.50 +0.45 ...
46.50 29.47 Oil-Dri ODC 1.5 15 42.71 +0.10 .155 9.95 5.98 Teekay TK ... 5 6.85 –0.57 ...
4.26 0.34 Pinstripes PNST ... dd .38 +0.03 ... 134.07 93.81 Rogers ROG ... 37 99.86 +4.09 ... 3.03 1.03 SoloBrands DTC ... dd 1.04 –0.01 ...
6.57 3.91 OilStatesIntl OIS ... dd 5.54 –0.20 ... 74.20 36.04 TeekayTankers TNK 2.5 3 40.04 –3.56 .25
45.19 27.00 Pinterest PINS ... cc 32.90 +2.37 ... 52.16 40.41 Rollins ROL 1.4 50 48.37 –0.06 .165 96.05 47.16 Solventum SOLV ... 14 74.99 +1.48 ...
36.69 18.79 OkeanisEcoTankers ECO .0 6 22.84 –0.76 .45 19.82 14.71 TejonRanch TRC ... dd 15.66 –0.44 ...
351.80 171.70 PiperSandler PIPR .8 33 306.29 +1.93 .65 128.05 93.97 RoyalBkCanada RY 3.4 15 122.61 +2.071.0545 71.18 47.82 SonicAutomotive SAH 2.0 13 71.10 +2.79 .35
43.70 5.35 Oklo OKLO ... dd 41.82 +15.77 ... 21.74 6.76 TeladocHealth TDOC ... dd 10.09 +1.00 ...
8.80 3.68 PitneyBowes PBI 2.4 dd 8.48 +1.23 .05 258.70 113.10 RoyalCaribbean RCL .8 24 232.10 –9.71 .55 34.26 8.84 SonidaSrLiving SNDA ... dd 23.50 +1.02 ...
39.27 27.20 OldRepublic ORI 2.9 11 36.22 +0.182.00 15.54 5.52 TelecomArgentina TEO .0 69 12.33 +0.26.2944
108.41 54.35 PlanetFitness PLNT ... 56 104.89 +0.43 ... 75.79 28.34 Rubrik RBRK ... dd 70.99 +3.09 ... 61.73 45.93 SonocoProducts SON 4.3 17 48.46 +0.71 .52
60.60 30.69 Olin OLN 2.4 27 32.73 –1.04 .20 518.85 355.41 TeledyneTech TDY ... 30 514.41 +40.52 ...
5.55 1.67 PlanetLabs PL ... dd 5.44 +1.62 ... 15.98 5.11 RushStreetInt RSI ... dd 13.90 –1.12 ... 22.71 15.02 Sony SONY .4 17 20.83 +0.19.0631
8.35 4.20 Olo OLO ... dd 7.28 –0.46 ... 256.85 171.69 Teleflex TFX .8 36 180.98 –0.29 .34
11.94 8.23 PlayAGS AGS ... 65 11.94 +0.08 ... 75.97 42.21 RyanSpecialty RYAN .7 82 63.23 –3.37 .11 27.30 21.12 SouthBow SOBO 8.2 ... 24.34 +0.22 .50
44.42 27.53 OmegaHealthcare OHI 7.2 28 37.20 –0.16 .67 11.43 7.47 TelefonicaBras VIV 3.2 13 8.50 +0.44.0373
24.71 16.37 PlymouthIndREIT PLYM 5.8 cc 16.62 –0.03 .24 171.78 106.62 RyderSystem R 2.0 15 163.95 –1.46 .81 114.27 70.68 SouthState SSB 2.1 16 103.67 +3.95 .54
107.00 81.42 Omnicom OMC 3.2 12 86.56 +1.18 .70 4.93 3.82 Telefonica TEF 5.9 dd 3.91 –0.12.1628
100.91 52.62 Polaris PII 4.9 15 53.83 –1.66 .66 36.15 17.18 RyersonHolding RYI 3.5 36 21.65 +0.89.1875 94.45 65.80 Southern SO 3.4 19 83.48 –0.42 .72
60.99 26.10 OnHolding ONON ... cc 60.15 +2.17 ... 26.85 15.35 TelekmIndonesia TLK 9.9 12 17.05 +0.571.1116
49.85 39.14 PortlandGenElec POR 4.9 12 41.22 –0.60 .50 122.91 93.76 RymanHospitality RHP 4.3 18 103.66 +0.70 1.15 128.27 76.51 SoCopper SCCO 2.2 25 96.50 –1.62 .70
30.45 19.25 OneLiberty OLP 7.1 16 25.52 –0.23 .45 36.53 13.69 Telephone&Data TDS .4 dd 35.90 –0.21 .04
125.84 92.54 PostHoldings POST ... 19 106.72 –1.16 ... 38.00 25.30 SouthsideBcshs SBSI 4.5 12 32.08 ... .36
4.98 0.87 OneConnectFin OCFT ... 22 2.95 +0.09 ... S 61.60 45.04 TempurSealy TPX .9 27 60.07 +0.47 .13
15.15 12.43 PostalRealty PSTL 7.4 cc 12.99 –0.06 .24 36.12 23.58 SouthwestAir LUV 2.2 dd 32.17 +0.07 .18
58.22 41.70 OneMain OMF 7.2 13 57.61 +2.86 1.04
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

40.73 27.24 Tenaris TS .0 8 38.54 –0.13 .54

79.07 55.33 PrecisionDrilling PDS ... 5 63.30 –2.07 ... 80.29 57.55 SouthwestGas SWX 3.4 30 73.67 +1.40 .62
36.91 22.40 Onity ONIT ... 23 35.37 +1.42 ... 277.36 173.05 SAP SAP .6 cc 276.29 +13.462.3852 15.77 8.71 TencentMusic TME 1.1 22 11.59 +0.81 .137
86.36 60.00 PrestigeCnsHlth PBH ... 19 76.68 –1.90 ... 96.74 77.73 SpectrumBrands SPB 2.2 22 84.02 –1.51 .47
238.93 145.15 OntoInnovation ONTO ... 58 213.59 –3.00 ... 533.29 407.69 S&P Global SPGI .7 45 513.75 +11.89 .91 171.20 82.15 TenetHealthcare THC ... 4 135.58 +4.72 ...
307.91 184.76 Primerica PRI 1.2 22 290.21 –1.93 .90 51.83 32.10 SphereEnt SPHR ... dd 42.93 +1.54 ...
17.00 6.50 Ooma OOMA ... dd 14.41 +0.24 ... 15.36 5.80 SeacorMarine SMHI ... dd 6.76 –0.27 ... 124.11 78.57 Tennant TNC 1.4 15 86.66 +1.48 .295
33.65 14.10 PrimoBrands PRMB 1.1 ... 32.72 –0.07 .09 20.89 6.26 SpireGlobal SPIR ... dd 18.82 +0.84 ...
72.88 36.93 Oppenheimer A OPY 1.0 11 72.76 +3.83 .18 2.53 0.20 SES AI SES ... dd 1.13 +0.20 ... 49.44 24.02 Teradata TDC ... 38 31.95 +1.36 ...
90.86 32.39 PrimorisSvcs PRIM .4 29 86.43 +1.57 .08 73.64 56.36 Spire SR 4.5 16 69.65 +0.05 .785
12.85 2.35 OppFi OPFI .0 79 12.64 +1.62 .12 14.62 9.64 SFL SFL 10.4 ... 10.40 –0.44 .27 68.08 43.50 Terex TEX 1.4 7 48.84 +1.63 .17
17.79 10.76 ProAssurance PRA ... 18 14.77 –0.50 ... 37.08 25.16 SpiritAeroSys SPR ... dd 34.17 +0.25 ...
198.31 106.51 Oracle ORCL .9 45 183.60 +22.57 .40 18.15 10.19 SITE Centers SITC 13.4 1 15.52 +0.12.1014 71.63 53.78 TerrenoRealty TRNO 3.0 36 64.99 +3.78 .49
86.67 49.46 ProcoreTech PCOR ... dd 77.99 +1.01 ... 512.01 211.77 Spotify SPOT ... cc 510.43 +24.90 ...
9.08 7.41 OrchidIsland ORC 18.2 8 7.93 –0.08 .12 24.58 19.88 SK Telecom SKM 5.3 10 21.42 +0.04.3273 5.12 2.68 TetraTech TTI ... cc 4.60 –0.32 ...
180.43 153.52 Procter&Gamble PG 2.5 26 164.12 +2.991.0065 14.32 6.91 Sprinklr CXM ... 55 8.73 +0.17 ...
23.10 13.87 Organon OGN 7.0 3 15.97 +0.23 .28 82.81 41.88 SLGreenRealty SLG 4.7 cc 65.99 +0.16.2575 22.80 11.48 TevaPharm TEVA ... dd 21.68 –0.24 ...
270.62 175.50 Progressive PGR .2 17 238.82 –4.864.50 48.00 34.51 Sprott SII 2.8 24 43.33 +1.37 .30
38.76 27.69 OriginBancorp OBK 1.6 15 37.87 +2.74 .15 53.26 34.90 SM Energy SM 2.0 6 40.09 –3.12 .20 1769.14 467.62 TexasPacLand TPL .5 70 1360.06 –52.74 1.60
135.76 100.82 Prologis PLD 3.2 30 118.93 +9.45 .96 4.89 2.17 SprucePower SPRU ... dd 2.77 –0.06 ...
12.12 5.23 OrionGroup ORN ... dd 8.19 +0.21 ... 62.85 5.95 SOS SOS ... dd 7.58 +0.01 ... 97.34 74.89 Textron TXT .1 18 77.20 –1.96 .02
11.17 6.54 ProPetro PUMP ... dd 10.51 –0.39 ... 64.69 42.94 St.Joe JOE 1.2 41 47.78 –0.35 .14
5.48 3.01 OrionOffice ONL 10.4 dd 3.86 –0.07 .10 183.83 100.59 SPX Tech SPXC ... 40 152.02 +3.52 ... 627.88 493.30 ThermoFisher TMO .3 36 574.82 +15.17 .39
86.76 57.16 ProsperityBcshs PB 2.9 17 79.25 +0.38 .58 41.71 26.09 StandardMotor SMP 3.7 11 31.52 +0.31 .29
26.05 14.07 Orion OEC .6 27 14.57 +0.07.0207 41.63 32.27 STAG Indl STAG 4.3 35 34.41 +0.46.1242 35.93 23.76 Thermon THR ... 23 29.51 +0.17 ...
34.38 22.50 StandardAero SARO ... cc 26.04 +1.40 ...
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

125.84 90.57 Orix IX 3.1 9 105.74 +2.19.4115 45.15 25.76 ProtoLabs PRLB ... 44 40.95 +2.41 ... 69.50 57.73 SabineRoyalty SBR 8.3 10 65.61 –1.04.4483 176.03 148.16 ThomsonReuters TRI 1.3 32 163.20 +3.95 .54
22.24 13.07 ProvidentFinSvcs PFS 5.1 18 18.96 –0.36 .24 212.66 141.90 StandexIntl SXI .7 31 190.83 +0.20 .32
84.30 59.41 OrmatTech ORA .7 33 65.28 –1.82 .12 29.80 10.11 SableOffshoreA SOC ... dd 27.83 +3.33 ... 129.31 88.37 ThorIndustries THO 2.0 26 100.46 –1.27 .50
110.88 77.70 StanleyBlackDck SWK 3.7 dd 88.16 +3.89 .82
23.79 11.91 OscarHealth OSCR ... dd 16.65 +0.75 ... 130.55 100.60 PrudentialFinl PRU 4.4 10 117.31 –1.70 1.30 6.33 3.31 SafeBulkers SB 5.9 4 3.38 –0.04 .05 5.75 1.72 3D Systems DDD ... dd 3.85 +0.77 ...
88.42 74.98 Stantec STN ... 37 81.31 +3.85 ...
127.98 89.08 Oshkosh OSK 1.9 9 97.50 +1.63 .46 22.07 14.39 Prudential PUK ... 26 16.29 +0.45 ... 28.80 15.55 Safehold SAFE 4.4 10 16.21 –0.79 .177 152.08 75.65 3M MMM 1.9 20 149.43 +8.40 1.51
21.19 18.12 StarwoodProp STWD10.0 16 19.20 –0.17 .48
2.75 1.34 OsiskoDevelopment ODV ... dd 1.57 –0.01 ... 95.22 57.24 PublicServiceEnt PEG 2.7 22 88.05 –0.09 .60 369.00 212.00 Salesforce CRM .5 55 333.88 +9.32 .40 111.42 46.50 Tidewater TDW ... 16 55.28 –0.42 ...
101.91 70.20 StateStreet STT 3.1 12 99.06 +1.43 .76
21.29 12.77 OsiskoGold OR 1.0 dd 18.76 +0.06.0481 369.99 256.31 PublicStorage PSA 4.1 30 292.19 –3.883.00 14.79 9.06 SallyBeauty SBH ... 8 11.01 –0.25 ... 7.79 3.22 Tilly's TLYS ... dd 4.28 +0.13 ...
48.45 33.12 SteelPartners SPLP ... 4 40.20 –1.10 ...
106.33 87.57 OtisWorldwide OTIS 1.6 24 96.67 +1.90 .39 149.47 100.24 PulteGroup PHM .8 9 115.69 –1.34 .22 57.51 27.14 Samsara IOT ... dd 48.19 +1.32 ... 94.71 69.35 Timken TKR 1.8 16 76.71 +0.03 .34
14.74 10.90 Steelcase SCS 3.5 12 11.53 –0.17 .10
55.95 36.91 Ovintiv OVV 2.7 6 44.89 –0.85 .30 73.67 38.78 PureStorage PSTG ... cc 72.15 +5.85 ... 5.81 3.21 SanJuanBasin SJT 7.9 23 4.35 –0.09.0229 15.33 6.34 TItanIntl TWI ... dd 8.32 +0.80 ...
29.51 12.12 Stellantis STLA12.3 3 13.41 +0.53 1.65
28.35 11.42 Owens&Minor OMI ... dd 14.94 +0.36 ... 47.49 29.46 PursuitAttract PRSU ... 76 38.76 –1.13 ... 15.31 10.31 SandRidgeEnergy SD 3.6 10 12.28 –0.20 .11 44.12 16.56 Toast TOST ... dd 39.33 +1.45 ...
32.36 21.27 StellarBancorp STEL 2.0 13 28.24 +0.04 .14
214.53 138.70 OwensCorning OC 1.5 16 187.92 +5.24 .69 112.82 40.60 Q2 QTWO ... dd 94.14 +0.23 ... 6.50 3.96 SandstormGold SAND 1.0 49 5.76 +0.05.0146 169.52 97.38 TollBros TOL .7 9 135.06 –0.10 .23
3.58 0.30 Stem STEM ... dd .78 +0.08 ...
6.25 3.20 Owlet OWLT ... dd 4.53 +0.27 ... 290.00 10.61 QXO QXO .0 dd 13.73 –0.2626.16 26.49 21.56 SaratogaInvt SAR 11.6 10 25.40 +0.50 .35 34.00 27.58 TootsieRoll TR 1.2 24 31.27 +0.03 .09
94.77 59.70 Stepan SCL 2.5 31 62.80 –1.07 .385
113.88 72.24 OxfordIndustries OXM 3.3 93 82.22 –3.06 .67 47.93 39.03 Qiagen QGEN .0 cc 45.63 –0.371.3166 9.33 4.29 Sasol SSL ... dd 4.77 –0.63 ... 495.68 302.70 TopBuild BLD ... 18 353.19 +7.01 ...
248.24 197.82 Steris STE 1.1 50 217.01 +7.39 .57
9.13 4.06 QuadGraphics QUAD 2.9 dd 6.81 +0.05 .05 42.39 34.87 SaulCenters BFS 6.4 20 36.62 –0.26 .59 16.89 7.22 TopgolfCallaway MODG ... dd 8.02 –0.04 ...
PQ 34.73 16.56 Stevanato STVN .3 47 21.54 –1.31.0573
207.83 124.66 QuakerHoughton KWR 1.4 20 138.37 +2.00 .485 21.33 7.78 SaversValue SVV ... 25 11.15 –0.07 ... 100.93 76.95 Toro TTC 1.8 21 86.06 +2.66 .38
78.44 56.16 StewartInfo STC 3.1 30 64.23 –0.85 .50
43.92 12.54 PACS Group PACS ... ... 14.25 +0.43 ... 39.31 21.48 QuanexBldg NX 1.4 20 22.70 –1.48 .08 55.69 36.52 Schlumberger SLB 2.7 14 42.25 –1.33 .285 64.91 51.25 TorontoDomBk TD 5.2 16 57.28 –0.23.7279
119.12 71.36 StifelFinancial SF 1.5 21 114.28 +0.40 .42
62.88 24.21 PBF Energy PBF 3.4 dd 29.92 –1.09 .275 365.88 193.52 QuantaServices PWR .1 66 358.03 +20.57 .10 33.90 20.50 SchneiderNatl SNDR 1.3 46 29.39 –0.33 .095 9.14 2.18 Torrid CURV ... 45 6.52 +0.25 ...
49.05 23.66 STMicroelec STM 1.2 10 25.36 –0.01 .09
21.72 15.94 PG&E PCG .3 13 16.54 –0.47 .025 9.52 4.65 QuantumScape QS ... dd 5.16 –0.06 ... 83.35 61.01 SchwabC SCHW 1.2 27 81.83 +5.42 .25 74.97 53.29 TotalEnergies TTE ... 8 58.73 –0.76 ...
19.34 5.23 Stoneridge SRI ... dd 5.52 –0.33 ...
57.23 29.11 PHINIA PHIN 2.0 22 50.70 –0.71 .25 3.20 1.52 Qudian QD ... 73 2.93 +0.07 ... 84.67 45.43 ScorpioTankers STNG 3.4 3 46.47 –6.35 .40 13.57 8.70 TownsquareMedia TSQ 8.6 dd 9.18 –0.21.1975
120.60 54.81 Stride LRN ... 22 119.38 +5.22 ...
4.15 2.95 PHX Minerals PHX 4.0 31 4.01 –0.04 .04 165.32 123.04 QuestDiag DGX 1.9 21 155.28 +4.08 .75 93.90 53.43 ScottsMiracleGro SMG 3.6 dd 73.73 +3.50 .66 255.23 159.04 ToyotaMotor TM 2.6 9 186.61 +5.832.6008
398.20 310.60 Stryker SYK .9 42 394.31 +10.89 .84
168.92 88.51 PJT Partners PJT .6 40 164.49 +5.34 .25 R 9.99 5.74 ScullyRoyalty SRL .0 dd 8.00 –0.02 .26 9.30 4.12 StudioCity MSC ... dd 4.64 +0.14 ... 3.97 1.97 Traeger COOK ... dd 2.44 –0.12 ...
30.39 21.00 PLDT PHI 5.5 10 22.62 +0.17.8233 119.47 38.10 Sea SE ... cc 117.79 +2.71 ... 48.20 34.11 SturmRuger RGR 1.9 21 36.11 +0.44 .11 422.00 250.06 TraneTech TT .8 37 400.86 +11.67 .84
216.26 139.69 PNC Finl PNC 3.2 15 199.53 +0.99 1.60 346.78 240.36 RBC Bearings RBC ... 46 314.23 +2.14 ... 20.55 9.31 SeabridgeGold SA ... dd 12.26 +0.37 ... 21.55 15.20 SuburbanPropane SPH 6.7 17 19.49 –0.23 .325 14.64 5.94 Transalta TAC 1.2 35 13.47 –0.82.0426
86.52 42.35 POSCO PKX 3.4 17 45.61 +0.57.4465 99.79 61.93 RB Global RBA .9 49 90.39 +1.14 .29 56.46 34.74 Seadrill SDRL ... 7 37.75 +0.23 ... 15.56 10.05 SumitomoMits SMFG 2.3 12 14.59 –0.10.2407 43.40 26.29 TrancntlRlty TCI ... 78 28.74 –0.02 ...
145.60 113.00 PPG Ind PPG 2.2 19 122.78 +2.54 .68 49.57 40.25 RELX RELX ... 39 48.85 +0.68 ... 41.14 30.87 SealedAir SEE 2.3 13 35.44 +0.92 .20 7.22 5.66 SummitHotelProp INN 4.8 cc 6.66 –0.01 .08 1451.32 1070.03 TransDigm TDG .0 52 1341.82 +1.8075.00
35.15 25.35 PPL PPL 3.1 30 32.88 –0.37.2575 14.31 6.94 RE/MAX RMAX ... dd 10.20 +0.21 ... 22.07 13.83 SelectMedical SEM 2.5 9 19.67 +0.60.0673 53.49 34.64 SummitMaterials SUM ... 63 52.16 –0.03 ... 6.88 3.40 Transocean RIG ... dd 3.85 –0.21 ...
50.28 27.84 ProgHoldings PRG 1.1 12 42.26 –0.85 .12 36.00 16.00 REV REVG .7 8 34.77 +0.32 .06 15.14 7.40 SelectWater WTTR 1.9 24 13.87 –0.18 .07 43.99 15.56 SummitMidstream SMC ... 7 42.88 +1.31 ... 34.37 11.81 TransportadGas TGS ... 26 28.52 +0.24 ...
38.71 16.64 PROS PRO ... dd 24.24 +1.89 ... 457.26 212.43 RH RH ... cc 418.74 –28.49 ... 4.64 1.08 SelectQuote SLQT ... dd 4.47 +0.23 ... 147.83 110.98 SunComms SUI 3.0 69 127.38 +1.50 .94 113.17 66.07 TransUnion TRU .4 83 95.37 +0.05 .105
7.77 2.00 PSQ PSQH ... dd 4.18 –0.46 ... 91.15 67.04 RLI RLI .8 21 72.48 –5.152.00 95.77 66.40 Sempra SRE 3.0 18 82.71 –2.47 .62 62.85 46.41 SunLifeFinancial SLF 4.0 13 58.58 –0.33 .602 56.91 39.66 Travel+Leisure TNL 3.8 10 53.17 +0.94 .50
14.28 7.08 P10 PX 1.0 cc 13.77 +0.38 .035 12.39 8.74 RLJ Lodging RLJ 6.1 34 9.78 –0.13 .15 16.95 9.64 Semrush SEMR ... cc 16.42 +0.76 ... 12.82 7.47 SunCokeEnergy SXC 4.7 10 10.20 –0.11 .12 269.56 200.21 Travelers TRV 1.7 11 241.86 +2.34 1.05
141.15 88.60 PVH PVH .2 7 90.30 –2.48.0375 2.37 1.50 RLX Tech RLX .4 32 2.17 –0.10 .01 43.14 26.65 SensataTech ST 1.7 dd 28.60 +0.18 .12 41.95 31.25 SuncorEnergy SU ... 9 38.95 –0.08 ... 9.22 3.98 Tredegar TG ... dd 7.85 –0.09 ...
250.82 159.57 PackagingCpAm PKG 2.1 28 240.27 +2.40 1.25 8.19 5.54 RPC RES 2.4 12 6.77 –0.24 .04 82.99 55.02 SensientTech SXT 2.2 36 76.06 +2.34 .41 12.55 4.25 SunlandsTech STG ... 2 7.10 +1.21 ... 43.84 28.04 TreeHouseFoods THS ... dd 34.82 –0.20 ...
25.47 16.46 PagerDuty PD ... dd 18.88 +0.58 ... 141.79 103.63 RPM RPM 1.6 25 126.45 –0.07 .51 30.76 14.33 SentinelOne S ... dd 23.16 +0.83 ... 13.00 2.64 SunnovaEnergy NOVA ... dd 3.24 +0.10 ... 101.91 58.68 Trex TREX ... 34 73.72 +2.09 ...
14.98 6.11 PagSeguroDig PAGS ... 6 6.70 –0.02 ... 128.70 88.90 RTX RTX 2.0 36 125.31 +4.20 .63 7.43 0.85 SequansComms SQNS ... ... 3.43 +0.42 ... 64.89 49.45 Sunoco SUN 6.3 13 55.81 +1.22.8756 47.78 33.24 TriPointe TPH ... 8 37.33 +0.09 ...
97.55 38.15 PampaEnergia PAM ... 14 85.64 –0.37 ... 32.82 18.75 RXO RXO ... dd 25.86 +0.65 ... 9.87 3.63 SeritageGrowth SRG ... dd 3.90 –0.03 ... 12.41 9.39 SunstoneHotel SHO 3.0 15 11.47 –0.25 .09 134.67 74.32 TriNet TNET 1.1 18 93.76 +3.39 .25
26.05 12.16 PanAmerSilver PAAS 1.8 dd 22.42 +0.99 .10 37.86 26.11 RadianGroup RDN 2.9 9 33.38 +0.44 .245 89.37 64.10 ServiceIntl SCI 1.5 23 77.82 +0.89 .30 7.97 2.90 SuperGroup SGHC 5.1 cc 7.90 +1.98 .15 39.83 23.67 TrinityIndustries TRN 3.0 19 39.45 +1.27 .30
40.70 14.84 ParPacific PARR ... 3 17.50 –0.61 ... 2.50 1.29 Rafael RFL ... dd 2.10 +0.09 ... 1157.90 637.99 ServiceNow NOW ... cc 1124.98 +53.50 ... 4.57 1.86 SuperiorIndsIntl SUP ... dd 2.22 +0.16 ... 7.05 1.94 Trinseo TSE 1.0 dd 4.21 –0.14 .01
82.24 37.74 ParTechnology PAR ... dd 71.80 –1.40 ... 257.41 141.52 RalphLauren RL 1.3 24 256.00 +15.54 .825 101.37 58.05 ServisFirst SFBS 1.5 24 88.34 –0.68 .335 9.66 0.90 SurfAirMobility SRFM ... dd 4.59 +0.77 ... 18.88 11.75 TripleFlagPrecMtl TFPM 1.4 dd 15.95 +0.19 .055
14.79 4.65 Paragon28 FNA ... dd 11.62 +0.74 ... 41.95 27.29 RangeResources RRC .8 20 40.17 –0.90 .08 139.89 72.90 ShakeShack SHAK ... cc 119.19 +3.78 ... 12.98 8.78 Suzano SUZ 2.5 17 10.68 +0.37.3366 11.58 6.44 TriplePtVent TPVG15.2 37 7.87 +0.26 .30
5.47 4.21 ParamountGroup PGRE .0 dd 4.60 +0.04 .035 18.10 9.27 RangerEnergySvcs RNGR 1.1 27 17.68 +0.09 .05 112.93 45.85 SharkNinja SN ... 43 110.62 +1.30 ... 45.12 10.35 Sweetgreen SG ... dd 30.03 –3.47 ... 19.71 11.01 TriumphGroup TGI ... dd 18.89 –0.16 ...
16.96 11.96 ParkAerospace PKE 3.4 41 14.87 +0.20 .125 9.04 3.85 Ranpak PACK ... dd 6.09 –0.28 ... 74.61 60.15 Shell SHEL 4.2 13 65.39 –1.33 .688 98.02 44.94 Sylvamo SLVM 2.2 13 81.13 +2.98 .45 20.70 8.73 Tronox TROX 4.9 dd 10.25 +0.28 .125
18.05 13.22 ParkHotels PK 7.4 9 13.48 –0.14 .40 173.15 104.24 RaymondJames RJF 1.2 18 172.64 +5.63 .50 400.42 282.09 SherwinWilliams SHW .8 36 360.15 +6.17 .715 70.93 37.91 SynchronyFinl SYF 1.4 9 70.63 +1.88 .25 14.69 6.63 TrueBlue TBI ... dd 7.87 +0.04 ...
712.42 463.16 ParkerHannifin PH 1.0 31 679.34 +9.88 1.63 10.28 3.15 RayonierAdvMatls RYAM ... dd 8.08 +0.55 ... 119.28 55.87 Shift4Paymts FOUR ... 63 116.76 +2.52 ... 59.92 33.44 SynovusFinl SNV 2.7 18 55.32 +0.71 .38 49.06 34.23 TruistFinl TFC 4.4 14 47.00 –0.65 .52
114.68 64.33 Parsons PSN ... cc 83.79 –11.44 ... 35.29 24.88 Rayonier RYN 4.3 25 26.30 –0.22 .285 46.05 29.25 ShinhanFin SHG 3.5 5 35.16 +0.62 .374 82.89 69.03 Sysco SYY 2.7 19 74.77 +1.70 .51 31.48 15.88 TsakosEnergy TEN 10.5 3 17.21 –1.49 .90
242.74 139.50 PaycomSoftware PAYC .7 25 207.50 –1.68 .375 9.96 6.45 ReadyCapital RC 14.7 dd 6.81 –0.24 .25 120.72 48.56 Shopify SHOP ... cc 107.68 +4.33 ... 2.73 0.60 System1 SST ... dd .77 +0.16 ... 8.47 4.76 TurkcellIletism TKC ... 17 7.47 +0.43 ...
 40 BARRON’S January 27, 2025

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

66.18 21.98 TurningPoint TPB .5 23 57.46 –0.12 .07 298.31 222.00 VulcanMatls VMC .7 44 277.54 +7.44 .46 A
34.55 8.45 TutorPerini TPC ... dd 26.00 +0.60 ...
W 144.07 69.54 AAON AAON .2 58 132.71 +2.53 .08
2.30 1.28 Tuya TUYA .0 dd 2.28 +0.41.0589
27.94 14.15 AcadiaPharm ACAD ... 24 18.67 +1.10 ...
141.40 52.51 Twilio TWLO ... dd 136.23 +24.29 ... 3.28 1.33 W&T Offshore WTI 2.3 dd 1.73 –0.12 .01 8.89 1.91 ACELYRIN SLRN ... dd 1.98 –0.01 ... Open AI: Trump inaugurated a big AI project with Oracle, Softbank,
14.27 10.84 TwoHarbors TWO15.2 dd 11.82 –0.12 .45 102.79 75.13 WEC Energy WEC 3.6 24 98.01 –1.02.8925 59.71 28.79 ACI Worldwide ACIW ... 25 52.19 –1.65 ...
638.56 397.80 TylerTech TYL ... cc 591.93 +22.60 ...
66.88 51.16 TysonFoods TSN 3.5 25 56.44 +0.73 .49
244.04 165.51 WEX WEX ... 23 181.50 –2.29 ... 4.98 2.25 AC Immune ACIU ... dd 2.73 +0.05 ... Nvidia and Arm. Netflix added 19 million subscribers. The Nasdaq Com-
24.63 12.32 WKKellogg KLG 3.8 22 16.98 +1.05 .16 34.40 13.87 ACM Research ACMR ... 14 18.60 +0.96 ...
U 72.40 39.85 WNS WNS ... 22 62.41 +15.83 ... 23.46 12.84 ACV Auctions ACVA ... dd 21.39 –0.14 ...
posite Index ended Friday at 19,954—up 1.7% for the week.
64.26 52.91 W.P.Carey WPC 6.4 22 55.26 –0.53 .88 23.64 5.02 ADMA Biologics ADMA ... 58 16.08 +0.06 ...
35.42 26.01 UBS Group UBS 2.0 41 35.37 +1.33 .70 57.37 43.02 WPP WPP 5.5 39 45.93 +0.82.9542 11.23 4.34 Adtran ADTN ... dd 10.31 +0.12 ... Monday Tuesday Wednesday Thursday Friday
47.55 34.19 UDR UDR 4.2 cc 40.64 –0.56 .425 30.07 15.35 WabashNational WNC 2.1 dd 15.59 –0.64 .08 10.85 8.92 AGNC Invt AGNC14.9 7 9.68 +0.07 .12
30.66 22.01 UGI UGI 4.9 24 30.32 +0.23 .375 209.92 129.34 Wabtec WAB .4 35 208.86 +7.17 .20 20,100
6.59 0.33 AIX AIFU ... ... .43 +0.04 ...
79.04
73.97
59.70
57.03
U-Haul
U-Haul N
UHAL ...
UHAL.B .3
32
29
72.79
65.62
+1.16 ...
+0.66 .05
118.19
1.73
85.63
0.41
Walker&Dunlop
Wallbox
WD 2.7
WBX ...
34
dd
95.10
.49
–0.24 .65
–0.09 ...
17.83 1.19 AlxOncology ALXO ... dd 1.52 –0.23 ... H
19.27 7.08 AMC Networks AMCX ... 16 10.01 +1.12 ...
59.23 33.15 UL Solutions ULS .9 35 53.27 +1.32 .125 96.18 54.22 Walmart WMT .9 39 94.76 +2.82.2075 60.24 41.97 Amerisafe AMSF 2.9 16 50.26 –0.833.00 O 19,980
20.64 14.09 UMH Prop UMH 4.8 cc 17.97 –0.31 .215 27.10 11.35 WarbyParker WRBY ... dd 25.99 +1.41 ...
63.52 45.26 Unitil UTL 3.3 18 52.30 –2.54 .425 75.53 49.97 WarriorMetCoal HCC .6 8 54.69 –1.37 .08
47.39
70.81
24.22
52.50
A-MarkPrecMet
ANI Pharm
AMRK 2.9
ANIP ...
12
dd
27.27
58.64
–0.01 .20
+0.18 ...
L
+0.38 .525
28.47
52.75
21.06
31.44
USA Compression
UsanaHealth
USAC 8.0
USNA ...
47
12
26.20
34.34 +0.32 ...
194.83
230.39
152.86
184.72
WasteConnections
WasteMgt
WCN .7
WM 1.4
49
32
177.71
209.43
–0.53 .315
–2.28 .75
363.03 289.82 Ansys ANSS ... 55 357.37 +7.44 ... I 19,860
21.40 0.87 AN2 Therap ANTX ... dd 1.25 –0.02 ...
68.31 32.01 US Cellular USM ... dd 63.08 –0.97 ... 1.53 0.94 Waterdrop WDH .0 10 1.19 –0.01 .016 36.05 20.32 APA APA 4.3 3 23.32 –1.08 .25 D
72.84 45.00 US Foods USFD ... 30 69.52 +1.21 ... 416.24 279.24 Waters WAT ... 39 411.30 +7.30 ... 17.76 9.75 ARKRestaurants ARKR 5.5 dd 13.75 –0.16.1875
113.63 76.18 US PhysTherapy USPH 2.0 96 89.29 +0.74 .44 571.42 373.33 Watsco WSO 2.2 39 495.12 –1.16 2.70 18.51 6.13 ARS Pharm SPRY ... dd 14.08 +1.51 ... A 19,740
9.74 5.31 UWM UWMC 6.5 dd 6.15 +0.01 .10 222.70 175.37 WattsWater WTS .8 25 210.56 +3.11 .43
87.00 54.84 Uber UBER ... 34 68.56 +1.22 ... 76.18 37.35 Wayfair W ... dd 48.55 +3.56 ...
1110.09
39.08
645.45
1.97
ASML
AST Space
ASML .8
ASTS ...
38
dd
732.25
20.35
–24.081.6554
–0.43 ...
Y +126.58 +252.56 +44.34 -99.38
(Previous Friday Close)
438.12 104.24 Ubiquiti UI .6 67 430.60 +23.99 .60 16.56 8.10 WeaveComms WEAV ... dd 16.20 +0.45 ... 1.65 0.50 ATA Creativity AACG ... dd .84 –0.11 ... 19,620
27.87 10.37 UiPath PATH ... dd 13.92 +0.90 ... 63.99 39.34 WebsterFin WBS 2.7 13 58.97 –0.70 .40 2.85 1.03 ATAI Life ATAI ... dd 1.58 +0.12 ... 10 12 2 4 10 12 2 4 10 12 2 4 10 12 2 4 10 12 2 4
6.35 2.53 UltraparPart UGP 4.1 6 2.75 +0.08.0446 76.62 58.87 WeisMarkets WMK 2.1 18 64.27 –2.30 .34 38.96 14.74 ATN Intl ATNI 6.0 dd 15.94 +0.62 .24
11.89 6.17 UnderArmour A UAA ... dd 8.42 +0.22 ... 78.30 47.45 WellsFargo WFC 2.1 14 77.32 +0.24 .40 5.64 1.73 AXT AXTI ... dd 2.30 +0.04 ...
140.75 85.40 Welltower WELL 2.0 cc 136.75 +7.41 .67 52-Week Tick Div 52-Week Tick Div
10.62 6.02 UnderArmour C UA ... dd 7.57 +0.23 ... 5.62 2.34 AbCelleraBio ABCL ... dd 3.48 +0.51 ... High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt.
7.91 5.41 Unifi UFI ... dd 6.18 –0.08 ... 216.17 132.37 WescoIntl WCC .8 16 197.98 +6.37.4125 17.02 5.54 Abivax ABVX ... dd 6.09 –0.07 ... 8.74 3.27 Armlogi BTOC ... cc 3.81 –0.59 ...
13.49 1.55 AlphaModusA AMOD ... dd 1.74 –0.56 ...
243.70 149.58 Unifirst UNF .6 28 220.28 –2.18 .35 102.40 73.91 WestFraserTimber WFG 1.4 dd 91.62 +1.65 .32 13.50 0.34 AboveFood ABVE ... dd .46 –0.14 ... 8.26 2.70 Arq ARQ ... dd 6.42 –0.27 ...
9.72 1.16 AlphaTeknova TKNO ... dd 8.04 –0.03 ...
65.87 46.46 Unilever UL 3.3 20 56.50 +0.84.4755 413.70 265.00 WestPharmSvcs WST .2 51 345.00 +8.66 .21 13.00 0.95 Abpro ABP ... dd 1.29 –0.01 ... 16.22 5.15 ArrayTech ARRY ... dd 7.09 –0.06 ...
202.29 130.67 Alphabet A GOOGL .4 27 200.21 +4.21 .20
258.66 218.55 UnionPacific UNP 2.2 22 248.78 +14.52 1.34 98.10 53.75 WestAllianceBcp WAL 1.6 14 92.15 +2.42 .38 6.72 2.45 Absci ABSI ... dd 4.00 +1.10 ... 36.37 14.35 ArriVentBio AVBP ... dd 27.30 +2.89 ...
203.84 131.55 Alphabet C GOOG .4 27 201.90 +4.35 .20
8.93 3.32 Unisys UIS ... dd 6.72 –0.05 ... 43.33 27.84 WesternMidstrm WES 8.3 11 42.35 +0.84 .875 5.74 3.78 AcaciaResearch ACTG ... 9 4.35 –0.04 ... 34.63 21.50 ArrowFinancial AROW 4.1 14 27.21 –0.18 .28
17.34 4.88 Alphatec ATEC ... dd 11.01 –0.56 ...
35.38 24.04 UtdCmtyBks UCB 2.9 16 32.97 +0.36 .24 14.19 10.19 WesternUnion WU 9.2 5 10.26 –0.17 .235 75.73 44.73 AcademySports ASO .8 9 56.34 +3.76 .11 36.72 17.05 ArrowheadPharm ARWR ... dd 20.76 +1.20 ...
11.86 10.77 AlphaTimeAcqn ATMC ... 49 11.34 +0.02 ...
9.00 5.67 UnitedMicro UMC ... 9 5.69 –0.59 ... 162.64 108.95 Westlake WLK 1.8 cc 117.66 –0.30 .525 87.77 36.50 AcadiaHlthcr ACHC ... 14 44.18 +0.40 ... 12.64 5.76 Arteris AIP ... dd 12.04 +0.56 ...
0.30 0.10 AlphaTimeRt ATMCR ... ... .14 ... ...
32.20 8.58 UnitedNatFoods UNFI ... dd 28.97 +0.39 ... 18.03 11.01 Westwood WHG 3.8 48 15.87 +0.47 .15 13.93 3.08 Accolade ACCD ... dd 6.89 ... ... 41.29 29.45 ArtesianRscs A ARTNA 4.0 15 29.99 –0.79.3014
113.12 75.71 AltairEngg ALTR ... cc 110.38 –0.03 ...
161.35 121.56 UPS B UPS 4.9 20 133.03 +3.30 1.63 36.27 26.73 Weyerhaeuser WY 2.7 41 29.99 –0.21 .20 2.95 1.40 Accuray ARAY ... dd 2.28 +0.04 ... 17.31 5.92 ArtivaBiotherap ARTV ... dd 5.93 –0.60 ...
14.84 5.28 Altimmune ALT ... dd 6.98 +0.12 ...
60.83 44.72 UtdParks&Resorts PRKS ... 13 51.81 –0.42 ... 68.64 38.57 WheatonPrecMtls WPM 1.0 45 60.00 +2.23 .155 5.17 0.95 AclarisTherap ACRS ... dd 2.51 –0.06 ... 53.08 17.08 Arvinas ARVN ... dd 18.14 +0.09 ...
3.26 0.43 AltisourcePortf ASPS ... dd .72 +0.07 ...
896.98 596.48 UnitedRentals URI .8 21 789.56 +18.56 1.63 4.59 1.52 WheelsUp UP ... dd 1.62 –0.01 ... 11.90 3.19 AcrivonTherap ACRV ... dd 5.45 –0.33 ... 161.00 111.09 AscendisPharma ASND ... dd 128.20 +0.07 ...
13.53 6.40 Alumis ALMS ... dd 6.68 –0.98 ...
53.98 37.81 US Bancorp USB 4.1 13 49.07 +0.71 .50 134.54 84.18 Whirlpool WHR 5.3 13 132.07 +2.06 1.75 11.73 5.51 ActuateTherap ACTU ... dd 10.11 +1.49 ... 12.38 8.16 AscentIndustries ACNT ... dd 11.11 +0.02 ...
18.00 9.15 Alvotech ALVO ... dd 12.99 –0.28 ...
48.61 26.92 US Steel X .5 24 37.41 +1.37 .05 2023.00 1574.99 WhiteMtnIns WTM .1 8 1906.63 +54.31 1.00 5.09 1.53 AcumenPharm ABOS ... dd 1.65 ... ... 18.00 16.50 AscentagePharma AAPGV ... ... 17.38 ... ...
38.19 21.33 AmalgamFin AMAL 1.6 10 35.31 –0.79 .14
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

630.73 436.38 UnitedHealth UNH 1.6 34 532.51 +22.75 2.10 15.36 10.77 WhitestoneREIT WSR 4.0 32 13.39 –0.02.045 4.38 1.74 Adagene ADAG ... dd 1.93 +0.09 ... 259.85 171.25 AspenTech AZPN ... dd 255.16 +3.64 ...
236.40 151.61 Amazon.com AMZN ... 50 234.85 +8.91 ...
35.56 13.90 UnitySoftware U ... dd 22.32 +0.55 ... 5.80 2.31 WideOpenWest WOW ... dd 4.46 –0.03 ... 2.05 0.53 Adaptimmune ADAP ... dd .59 +0.01 ... 19.93 9.84 AssemblyBiosci ASMB ... dd 14.77 +0.28 ...
85.15 39.69 Ambarella AMBA ... dd 79.92 –0.87 ...
59.91 45.19 Universal UVV 6.4 10 50.71 –0.32 .81 53.96 32.50 Wiley A WLY 3.4 dd 41.94 –2.07.3525 8.33 2.28 AdaptiveBiotech ADPT ... dd 7.99 +1.18 ... 44.74 28.46 AstecIndustries ASTE 1.4 dd 35.99 +2.14 .13
94.04 74.41 Amdocs DOX 2.2 20 85.28 +0.39 .479
47.30 32.27 UniversalHealth UHT 7.7 29 38.20 +0.93 .735 52.90 32.60 Wiley B WLYB 3.2 dd 43.70 ....3525 136.72 85.94 AddusHomeCare ADUS ... 30 130.62 –3.25 ... 147.39 36.22 AsteraLabs ALAB ... dd 115.55 –17.75 ...
98.95 82.15 Amedisys AMED ... 37 92.80 +0.89 ...
243.25 152.69 UniversalHealthB UHS .4 12 185.77 +0.97 .20 61.46 32.65 Williams WMB 3.2 25 59.57 +0.43 .475 14.75 9.68 Adeia ADEA 1.5 36 13.28 +0.36 .05 87.68 60.47 AstraZeneca AZN 2.1 33 69.06 +2.46 .50
19.10 9.07 AmerAirlines AAL ... 15 16.96 –1.31 ...
23.39 15.78 UnivInsurance UVE 3.3 8 19.50 +0.06 .13 214.42 95.77 Williams-Sonoma WSM 1.1 25 213.60 +10.77 .57 3.62 0.81 AdicetBio ACET ... dd .92 +0.01 ... 16.90 7.16 AstriaTherap ATXS ... dd 7.41 –0.09 ...
105.18 75.22 AEP AEP 3.8 20 98.18 +0.93 .93
27.29 13.23 UnvlTechInst UTI ... 36 26.46 –0.12 ... 74.10 45.44 Winnebago WGO 2.9 dd 46.98 –0.77 .34 17.48 1.85 AdlaiNortye ANL ... ... 2.06 +0.01 ... 23.74 14.13 Astronics ATRO ... dd 17.12 +0.21 ...
17.08 7.45 AmOutdoorBrands AOUT ... dd 16.74 +0.05 ...
77.63 46.39 UnumGroup UNM 2.2 8 75.01 +0.03 .42 3.79 2.55 Wipro WIT ... 42 3.77 +0.33 ... 638.25 403.75 Adobe ADBE ... 35 435.38 +5.39 ... 18.25 11.00 AstroNova ALOT ... 24 12.31 +0.25 ...
23.84 10.15 AmerPubEduc APEI ... 38 21.49 –0.02 ...
23.85 15.81 UrbanEdgeProp UE 3.4 9 20.26 +0.07 .17 12.45 6.67 WisdomTree WT 1.2 40 9.94 +0.32 .03 130.50 89.12 AdvEnergyInds AEIS .3 cc 125.36 +4.20 .10 39.50 5.40 AtaraBiotherap ATRA ... dd 8.22 +1.65 ...
38.02 10.19 AmerSupercond AMSC ... dd 29.04 +1.23 ...
20.04 13.20 UtzBrands UTZ 1.8 dd 13.25 –0.99 .061 35.41 4.66 Wolfspeed WOLF ... dd 6.67 +0.39 ... 10.88 7.45 AdvFlowerCap AFCG19.9 21 8.13 –0.49 .33 4.60 2.75 AteaPharm AVIR ... dd 3.16 –0.21 ...
106.57 73.24 AmericanWoodmark AMWD ... 12 81.19 +0.18 ...
24.64 8.05 WolverineWwide WWW 1.7 dd 23.09 +0.30 .10 227.30 114.41 AdvMicroDevices AMD ... cc 122.84 +1.38 ... 4.30 0.41 AthiraPharma ATHA ... dd .56 +0.02 ...
V 74.10 37.98 AmerCarMart CRMT ... dd 49.78 +3.55 ...
21.38 14.34 WoodsideEnergy WDS 8.1 16 15.51 –0.42 .69 4.95 2.22 AdvantageSolns ADV ... dd 2.65 +0.13 ... 44.43 35.81 AtlantaBravesC BATRK ... dd 37.91 +0.33 ...
3.20 2.20 AmeriServFin ASRV 4.4 13 2.71 –0.04 .03
38.05 28.49 WooriFinl WF 6.4 4 32.93 +0.80.3912
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

26.48 11.00 VF VFC 1.4 dd 26.33 +2.66 .09 7.03 2.04 Aemetis AMTX ... dd 2.18 –0.66 ... 346.85 253.30 Amgen AMGN 3.5 35 275.42 +3.31 2.38 46.65 38.90 AtlantaBravesA BATRA ... dd 41.16 +0.88 ...
116.83 65.47 Workiva WK ... dd 97.00 –15.03 ... 32.42 1.25 AerovateTherap AVTE ... dd 2.59 +0.01 ... 3.00 1.26 AtlanticAmerican AAME 1.3 dd 1.52 +0.04 .02
34.29 27.08 VICI Prop VICI 5.8 11 29.60 +0.25.4325 14.03 8.79 AmicusTherap FOLD ... dd 9.61 +0.20 ...
31.71 21.38 WorldKinect WKC 2.4 13 28.78 +0.71 .17 236.60 119.47 AeroVironment AVAV ... cc 180.36 +11.62 ... 8.98 1.30 AtlIntl ATLN ... dd 4.31 –1.34 ...
7.47 3.70 VOC Energy VOC 14.7 5 4.26 –0.83 .085 44.86 24.10 AmkorTech AMKR 1.3 17 25.69 –0.22.4055
69.96 37.88 WorthingtonEnts WOR ... 50 41.79 –0.22 ... 8.95 1.03 Affimed AFMD ... dd 1.10 –0.05 ... 64.70 23.10 Atlanticus ATLC ... 13 57.10 –1.51 ...
9.59 5.60 VTEX VTEX ... cc 6.27 +0.27 ... 9.48 5.01 AmnealPharm AMRX ... dd 8.68 +0.42 ...
47.19 28.20 WorthingtonSteel WS 2.1 10 29.79 –0.54 .16 73.34 22.25 AffirmA AFRM ... dd 55.73 –2.26 ... 287.97 135.29 Atlassian TEAM ... dd 264.81 +12.45 ...
69.75 37.04 V2X VVX ... cc 53.12 +0.19 ... 56.45 34.60 AmphastarPharm AMPH ... 12 36.50 +0.80 ...
106.16 67.67 WyndhamHtls WH 1.5 33 104.82 +1.57 .38 22.24 14.52 Afya AFYA ... 14 16.37 +0.63 ... 29.90 15.22 AtourLifestyle ATAT ... 23 27.31 +1.46 ...
7.51 4.03 VaalcoEnergy EGY 5.8 5 4.31 –0.22.0625 6.96 3.37 AmtechSystems ASYS ... dd 5.30 +0.05 ...
236.92 165.00 VailResorts MTN 5.3 28 166.70 –10.51 2.22 XYZ 142.64 74.03 Agilysys AGYS ... cc 92.24 –29.57 ... 19.95 1.58 AmylyxPharm AMLX ... dd 3.60 ... ... 41.05 18.94 AtriCure ATRC ... dd 40.58 +2.11 ...
84.20 39.90 Valaris VAL ... 3 48.99 +0.95 ... 62.58 22.23 AgiosPharm AGIO ... 3 34.46 +2.04 ... 244.14 182.57 AnalogDevices ADI 1.7 66 217.37 –1.79 .92 25.40 16.48 AuburnNatlBncp AUBN 4.8 91 22.27 –0.20 .27
14.21 8.38 Vale VALE10.2 4 8.98 +0.04.3698 8.59 3.48 XFinancial XYF ... 2 7.91 +0.48 ... 6.64 1.65 Agora API ... dd 5.24 +0.43 ... 41.31 12.51 AnaptysBio ANAB ... dd 16.85 +1.00 ... 14.45 7.70 AudioCodes AUDC 3.3 27 10.86 +0.12 .18
3.50 1.67 ValensSemicon VLN ... dd 2.81 –0.54 ... 161.00 82.78 XPO XPO ... 45 139.10 +1.52 ... 10.54 10.12 Agric&NatSolnsA ANSC ... 55 10.51 ... ... 14.44 3.25 AnavexLifeSci AVXL ... dd 10.49 +1.28 ... 12.38 6.63 AuraBiosciences AURA ... dd 7.89 +0.12 ...
184.79 116.84 ValeroEnergy VLO 3.2 13 139.63 –1.42 1.13 16.50 12.34 XeniaHotels XHR 3.2 64 14.80 –0.04 .12 10.85 10.15 AimeiHlthTech AFJK ... 43 10.79 +0.04 ... 61.46 39.25 Andersons ANDE 1.8 12 42.56 –1.84 .195 10.67 4.71 AuriniaPharm AUPH ... dd 8.00 –0.01 ...
41.75 12.12 Valhi VHI 1.3 8 24.22 +0.15 .08 7.05 2.24 XinyuanRealEst XIN ... 0 2.84 +0.02 ... 0.30 0.15 AimeiHlthTechRt AFJKR ... ... .20 +0.04 ... 11.16 9.94 AndrettiAcqnIIA POLE ... ... 10.03 +0.01 ... 9.83 2.10 AuroraInnov AUR ... dd 6.88 +0.08 ...
354.13 202.01 ValmontInds VMI .7 23 342.48 +6.13 .60 15.68 6.55 XPeng XPEV ... dd 14.68 +0.55 ... 22.33 11.62 AirTransportSvcs ATSG ... dd 22.27 +0.16 ... 2.27 0.62 Anghami ANGH ... dd .72 +0.02 ... 11.96 0.61 AustralianOilseeds COOT ... ... 1.30 +0.12 ...
48.27 33.86 Valvoline VVV ... 23 36.99 +0.77 ... 12.29 6.89 Xperi XPER ... dd 8.95 –0.06 ... 170.10 110.38 Airbnb ABNB ... 45 127.09 –8.03 ... 3.10 1.49 Angi ANGI ... 30 1.88 +0.05 ... 326.62 195.32 Autodesk ADSK ... 60 300.83 +9.38 ...
258.93 170.25 VeevaSystems VEEV ... 55 223.40 +6.81 ... 18.95 7.40 XponentialFit XPOF ... dd 15.81 +0.14 ... 9.20 2.92 AirSculptTech AIRS ... dd 5.11 –0.22 ... 13.13 5.26 AngioDynamics ANGO ... dd 12.19 –0.24 ... 7.37 2.07 AutolusTherap AUTL ... dd 2.37 +0.15 ...
20.85 14.51 VelocityFinl VEL ... 10 18.41 –0.52 ... 146.08 111.88 Xylem XYL 1.2 36 121.57 +1.91 .36 14.32 1.34 AirshipAI AISP ... dd 4.93 –0.14 ... 29.12 15.40 AnikaTherap ANIK ... dd 16.31 +0.24 ... 309.63 231.27 ADP ADP 2.1 32 297.10 +0.92 1.54
67.61 41.45 Ventas VTR 3.0 dd 60.82 +1.92 .45 49.01 33.41 Yeti YETI ... 16 37.57 +0.27 ... 129.17 84.70 AkamaiTech AKAM ... 29 97.70 +6.69 ... 8.40 3.86 Annexon ANNX ... dd 4.13 –0.07 ... 4.05 0.72 AutoziInternet AZI ... dd .75 –0.08 ...
25.50 23.76 VentureGlobal VG ... ... 24.00 ... ... 47.43 14.94 YPF YPF ... dd 40.96 –1.75 ... 37.00 15.32 AkeroTherap AKRO ... dd 26.18 +1.04 ... 6.10 5.10 AnterisTech AVR ... dd 5.99 ... ... 19.09 7.39 AvadelPharm AVDL ... dd 7.85 +0.10 ...
115.00 75.05 Veralto VLTO .4 31 101.75 –1.19 .11 5.54 3.71 Yalla YALA ... 6 4.04 +0.06 ... 6.31 1.88 Akoya AKYA ... dd 3.07 +0.25 ... 71.90 24.34 ApellisPharm APLS ... dd 30.00 +0.07 ... 6.19 2.00 AveannaHealth AVAH ... dd 4.85 +0.20 ...
9.28 4.39 Veren VRN 5.6 4 5.27 –0.18.0817 5.22 1.99 YatsenHolding YSG ... dd 3.28 –0.09 ... 77.29 51.87 Alarm.com ALRM ... 27 61.46 +0.10 ... 87.93 49.58 ApogeeEnt APOG 1.9 12 55.04 –0.65 .26 19.16 7.08 AvePoint AVPT ... dd 18.04 +0.83 ...
18.85 13.84 VerisResidential VRE 2.0 dd 15.71 –0.32 .08 45.91 32.56 Yelp YELP ... 23 38.80 –1.90 ... 10.69 9.90 AldelFinII A ALDF ... ... 9.98 +0.03 ... 72.29 32.78 ApogeeTherap APGE ... dd 40.28 +3.22 ... 38.85 12.96 AviatNetworks AVNW ... dd 19.47 +0.37 ...
45.36 37.59 Verizon VZ 6.9 17 39.54 +0.76.6775 8.75 4.29 Yext YEXT ... dd 6.33 ... ... 7.58 1.60 Alector ALEC ... dd 1.79 +0.08 ... 85.00 6.50 ApollomicsA APLM ... dd 9.32 –0.24 ... 56.00 10.30 AvidityBio RNA ... dd 29.67 +0.75 ...
12.79 8.22 VermilionEnergy VET 3.5 dd 9.76 –0.36.0852 9.20 4.01 YirenDigital YRD 3.3 2 5.53 +0.61 .20 12.14 6.67 AlgomaSteel ASTL 2.3 dd 8.85 +0.53 .05 13.56 7.38 AvidXchange AVDX ... dd 10.51 +0.13 ...
274.56 189.01 AppFolio APPF ... 70 250.03 –1.89 ...
8.01 2.86 Youdao DAO ... cc 7.08 ... ... 34.08 24.14 Alico ALCO .6 34 31.09 –1.49 .05 176.79 65.73 AvisBudget CAR ... 8 90.02 –0.17 ...
15.99 3.55 VerticalAerospace EVTL ... dd 5.65 –3.64 ... 43.33 26.28 Appian APPN ... dd 33.52 +0.72 ...
143.20 122.13 Yum!Brands YUM 2.1 24 128.26 +2.94 .67 335.40 196.09 AlignTech ALGN ... 40 233.30 +9.07 ... 59.24 43.62 Avnet AVT 2.4 14 54.10 +0.54 .33
155.84 52.40 Vertiv VRT .1 97 146.32 +10.44.0375 260.10 164.08 Apple AAPL .4 37 222.78 –7.20 .25
52.00 28.50 YumChina YUMC 1.4 20 45.97 +1.32 .16 15.05 4.46 AlignmentHlthcr ALHC ... dd 14.97 +0.39 ... 2.97 1.35 Aware AWRE ... dd 1.65 –0.01 ...
22.37 8.92 Vestis VSTS .9 cc 16.10 –0.11 .035 11.25 2.36 AppliedDigital APLD ... dd 8.96 +0.06 ...
32.76 13.00 Zeekr ZK ... dd 25.95 +0.46 ... 42.29 22.65 AlkamiTech ALKT ... dd 35.19 –0.33 ... 158.61 66.75 AxcelisTechs ACLS ... 10 70.82 –0.79 ...
19.00 4.27 VicariousSurgical RBOT ... dd 14.39 –1.46 ... 255.89 158.96 ApplMaterials AMAT .9 22 186.75 –5.30 .40
30.15 9.08 ZimIntShipping ZIM 23.5 1 16.87 +0.27 .84 32.88 22.90 Alkermes ALKS ... 16 31.19 +1.72 ... 698.67 247.04 AxonEnterprise AXON ... cc 610.32 +16.43 ...
48.73 15.12 Victoria'sSecret VSCO ... 20 37.75 +0.65 ... 44.50 6.70 AppliedOptoelec AAOI ... dd 30.69 –0.34 ...
21.91 2.62 ZKH ZKH ... dd 3.61 –0.02 ... 1.69 0.54 Allakos ALLK ... dd 1.21 +0.35 ... 105.00 64.11 AxsomeTherap AXSM ... dd 103.11 +11.18 ...
49.91 25.71 Viking VIK ... dd 49.01 +1.30 ... 10.62 0.60 AppliedTherap APLT ... dd .64 –0.01 ...
27.50 15.90 ZTO Express ZTO ... 13 18.68 –0.41 ... 21.60 6.11 Allbirds BIRD ... dd 6.45 –0.50 ... 67.86 38.82 Azenta AZTA ... dd 54.16 +1.53 ...
6.89 1.27 VinceHolding VNCE ... 9 3.27 –0.13 ... 417.64 40.71 AppLovin APP ... cc 363.10 +20.76 ...
20.19 11.50 Vipshop VIPS 2.8 7 14.71 +1.25 .41 5.92 2.06 ZeppHealth ZEPP ... dd 2.98 –0.04 ... 106.87 36.09 AllegiantTravel ALGT 2.3 dd 102.73 –0.26 .60 2.80 0.97 ApyxMedical APYX ... dd 1.49 +0.10 ... B
41.00 5.06 VirginGalactic SPCE ... dd 5.36 +0.21 ... 38.20 9.35 ZetaGlobal ZETA ... dd 18.57 –0.01 ... 33.26 18.59 AllegroMicro ALGM ... dd 24.35 –0.49 ... 6.23 2.24 AquestiveTherap AQST ... dd 3.09 –0.01 ... 14.04 9.19 BCB Bancorp BCBP 5.5 10 11.54 –0.07 .16
9.69 3.55 VirnetX VHC ... dd 9.32 +0.04 ... 4.99 0.62 ZeviaPBC ZVIA ... dd 4.19 –0.61 ... 30.56 18.32 AllianceResource ARLP 9.6 8 29.24 +1.38 .70 4.72 2.27 ArbutusBiopharma ABUS ... dd 3.32 +0.12 ... 11.79 6.70 BGC BGC .8 39 9.48 +0.16 .02
263.39 190.42 VirtusInvtPtrs VRTS 4.3 13 208.84 –1.24 2.25 5.28 2.55 Zhihu ZH ... dd 3.50 +0.15 ... 64.19 46.80 AlliantEnergy LNT 3.3 23 58.77 –1.78.5075 153.60 91.01 ArcBest ARCB .5 12 98.49 –1.70 .12 38.87 27.61 BJsRestaurants BJRI ... 28 35.48 +1.18 ...
331.09 252.70 Visa V .7 34 330.20 +10.58 .59 133.90 100.67 ZimmerBiomet ZBH .9 21 110.81 +1.25 .24 36.33 16.91 Allient ALNT .5 30 26.62 +0.82 .03 107.37 47.88 Arcellx ACLX ... dd 63.00 –3.49 ... 121.58 78.99 BOK Fin BOKF 2.1 13 109.91 –3.08 .57
24.69 14.95 Vishay VSH 2.4 27 16.86 +0.36 .10 15.35 6.51 ZipRecruiter ZIP ... cc 6.99 +0.09 ... 5.78 1.78 AllogeneTherap ALLO ... dd 1.94 +0.12 ... 116.47 79.00 ArchCapital ACGL .0 6 92.76 –2.755.00 75.59 46.85 BRP DOOO 1.1 28 52.91 +0.92.1557
35.98 20.83 VishayPrecision VPG ... 24 23.49 +0.76 ... 200.53 144.80 Zoetis ZTS 1.2 32 168.61 +2.72 .50 8.71 1.70 Allot ALLT ... dd 8.32 +0.78 ... 45.00 14.30 ArcturusTherap ARCT ... dd 17.12 +0.33 ... 40.09 3.94 B RileyFin RILY 42.8 dd 4.67 –0.33 .50
61.67 30.46 VistaEnergy VIST ... 11 56.98 +0.25 ... 10.85 7.70 Zuora ZUO ... dd 9.98 +0.01 ... 304.39 141.98 AlnylamPharm ALNY ... dd 278.76 +32.49 ... 16.20 4.83 ArcutisBiotherap ARQT ... dd 13.85 +1.17 ... 12.65 4.91 Backblaze BLZE ... dd 6.41 +0.30 ...
199.84 40.31 Vistra VST .5 36 191.11 +20.25.2215 41.15 28.25 ZurnElkayWater ZWS .9 49 38.79 +0.61 .09 53.29 19.38 Alpha&Omega AOSL ... dd 40.70 –0.90 ... 10.13 4.32 Ardelyx ARDX ... dd 5.52 +0.51 ... 116.25 77.19 Baidu BIDU ... 11 86.40 +3.48 ...
58.30 25.85 VitalEnergy VTLE ... 2 33.94 –2.00 ... NYSE ARCA 23.53 19.32 AresCapital ARCC 8.2 9 23.43 +0.25 .48 40.00 1.35 Baijiayun RTC ... dd 1.57 –0.37 ...
28.41 19.63 VitesseEnergy VTS 7.8 19 26.46 –0.89 .525 Nasdaq Issues includes stocks traded on the Nasdaq 678.21 349.86 argenx ARGX ... dd 648.94 +8.42 ... 47.47 28.32 BakerHughes BKR 1.8 20 45.55 –0.99 .21
45.62 31.22 Vontier VNT .3 15 38.62 +1.16 .025 36.00 20.31 DefDlyTgt2XLgRIOT RIOX ... ... 31.64 +0.44 ... Global Select and Nasdaq Global Market tiers. They are 2.92 0.49 ArgoBlockchain ARBK ... dd .51 –0.08 ... 186.03 137.69 Balchem BCPC .5 43 160.23 +0.08 .87
46.63 22.42 VornadoRealty VNO 1.8 dd 42.00 +0.64 .74 14.50 12.71 FT WCM DevWld WCME 1.0 ... 13.27 +0.29.0676 eligible for inclusion on the basis of SEC-approved 19.81 8.30 Arhaus ARHS .0 22 12.35 +0.71 .50 55.82 21.70 BaldwinInsurance BWIN ... dd 40.48 –0.75 ...
market value of publicly-held shares, trading volume,
84.30 63.11 VoyaFinancial VOYA 2.6 11 69.99 +0.32 .45 33.16 23.76 KraneCnAlpha KCAI ... ... 27.37 +0.63 ... price and number of market-makers. 188.75 69.32 Arm ARM ... cc 162.52 +13.26 ... 3.66 1.23 BallardPower BLDP ... dd 1.46 –0.12 ...
 January 27, 2025 BARRON’S 41

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.
132.29 81.21 BancFirst BANF 1.6 19 118.63 –1.12 .46 29.29 17.74 CNB Fin PA CCNE 2.9 11 25.25 +0.94 .18 3.37 2.17 CleanEnerFuels CLNE ... dd 3.15 +0.27 ... 7.86 2.98 DallasNews DALN 9.4 dd 6.84 +0.05 .16 15.96 4.80 EuropeanWax EWCZ ... 29 6.71 +0.35 ...
25.02 11.90 Bandwidth BAND ... dd 17.21 +1.53 ... 12.75 3.17 CompassPath CMPS ... dd 3.89 +0.40 ... 44.83 24.99 Clearfield CLFD ... dd 40.49 +2.12 ... 4.95 0.51 Damon DMN ... ... .61 –0.12 ... 12.35 6.22 EverCommerce EVCM ... dd 10.33 +0.06 ...
51.50 37.43 BankOZK OZK 3.3 8 50.93 +1.19 .42 10.78 9.78 CO2EnTransition NOEM ... dd 9.87 +0.07 ... 2.12 0.80 ClearsideBiomed CLSD ... dd .93 ... ... 170.08 98.80 Datadog DDOG ... cc 140.99 +2.59 ... 14.21 10.20 Evergreen EVGRU ... ... 12.15 –0.05 ...
50.26 24.64 Bank7 BSVN 2.2 9 43.40 –1.00 .24 0.18 0.16 CO2EnTransitionRt NOEMR ... ... .16 –0.01 ... 12.35 11.12 ClimateRockA CLRC ... dd 11.84 –0.06 ... 69.82 22.83 Dave&Buster's PLAY ... 14 27.50 +3.43 ... 11.95 11.24 EvergreenA EVGR ... 41 11.90 +0.03 ...
13.97 9.60 BankFinancial BFIN 3.1 20 12.85 +0.47 .10 35.19 15.00 CPI Card PMTS ... 22 28.94 –1.18 ... 11.55 1.73 ClimbBio CLYM ... dd 1.81 –0.14 ... 108.50 11.80 Dave DAVE ... 29 89.89 +2.04 ... 65.47 48.04 Evergy EVRG 4.2 17 63.52 +0.36.6675
35.25 22.47 BankwellFinl BWFG 2.7 25 30.06 +0.01 .20 210.70 104.23 CRA Intl CRAI 1.0 31 188.46 +5.71 .49 142.50 49.70 ClimbGlbl CLMB .5 36 132.69 +2.52 .17 2.22 1.21 DawsonGeophys DWSN ... dd 1.39 ... ... 28.09 12.48 EverQuote EVER ... 50 17.57 –0.90 ...
78.05 42.00 Banner BANR 2.8 14 69.51 –0.60 .48 91.10 36.52 CrisprTherap CRSP ... dd 43.42 +2.89 ... 4.87 0.61 CloverHealth CLOV ... dd 4.82 +0.74 ... 18.07 11.13 DayOneBiopharm DAWN ... dd 12.21 –0.33 ... 9.39 4.89 EverspinTech MRAM ... 91 6.49 +0.17 ...
4.38 2.08 Baozun BZUN ... dd 3.05 +0.17 ... 57.16 39.56 CSG Systems CSGS 2.2 24 54.57 +1.72 .30 88.60 35.67 CoastalFinl CCB ... 28 84.38 +0.16 ... 118.40 3.47 DefDlyTarget2xSh SMST ... ... 4.58 +0.87 ... 9.07 1.65 EVgo EVGO ... dd 3.44 +0.03 ...
4.16 0.80 BarinthusBio BRNS ... dd 1.01 –0.03 ... 29.93 10.06 CSP CSPI .7 dd 16.96 +0.71 .03 1438.50 800.76 CocaColaCon COKE .2 25 1292.00 –94.37 2.50 10.62 3.19 DefinitiveHlthcr DH ... dd 4.83 +0.89 ... 17.82 9.25 Evolus EOLS ... dd 14.23 +3.72 ...
44.97 27.06 BarrettBus BBSI .7 23 43.54 –0.32 .08 436.50 203.83 CSW Industrials CSWI .3 50 367.00 –23.21 .24 82.32 65.77 Coca-ColaEuro CCEP 2.8 20 76.78 –0.29 1.34 13.20 4.05 DenaliCapAcqnA DECA ... 82 11.97 –0.19 ... 7.98 2.85 Evotec EVO ... dd 4.30 +0.19 ...
16.49 12.11 BassettFurniture BSET 5.7 dd 13.95 +0.09 .20 40.12 31.43 CSX CSX 1.5 18 32.69 –0.04 .12 6.08 2.53 Codexis CDXS ... dd 4.91 –0.09 ... 33.33 14.56 DenaliTherap DNLI ... dd 22.22 +0.29 ... 6.22 1.30 Exagen XGN ... dd 4.00 +0.01 ...
30.13 18.54 BayCom BCML 1.6 13 27.43 +0.84 .15 24.58 15.71 CVB Fin CVBF 3.9 14 20.69 +0.16 .20 12.61 4.28 CogentBio COGT ... dd 8.35 +0.32 ... 35.68 17.21 DentsplySirona XRAY 3.3 dd 19.53 +0.76 .16 37.59 20.02 Exelixis EXEL ... 21 32.38 –3.82 ...
10.82 10.03 BayviewAcqnA BAYA ... 45 10.76 +0.01 ... 26.35 1.76 CabalettaBio CABA ... dd 2.50 –0.24 ... 86.76 50.80 CogentComm CCOI 5.2 97 75.70 +3.10 .995 122.88 84.12 DescartesSystems DSGX ... 75 119.13 +3.28 ... 41.19 33.35 Exelon EXC 3.9 16 39.38 –0.04 .38
0.25 0.11 BayviewAcqnRt BAYAR ... ... .19 –0.01 ... 328.99 241.29 CadenceDesign CDNS ... 84 320.48 +14.88 ... 53.13 34.79 Cognex CGNX .8 79 40.55 +0.82 .08 7.77 2.25 DesignTherap DSGN ... dd 4.97 –0.09 ... 50.11 28.16 ExlService EXLS ... 43 49.14 +1.99 ...
121.22 77.54 BeaconRoofing BECN ... 20 118.42 +2.50 ... 45.93 30.78 CaesarsEnt CZR ... dd 34.59 +0.54 ... 2.95 0.34 CognitionTherap CGTX ... dd .75 +0.07 ... 4.51 2.15 DestinationXL DXLG ... 18 2.80 +0.04 ... 15.39 8.91 eXpWorld EXPI 1.8 dd 11.10 –0.13 .05
49.50 20.84 BeamTherap BEAM ... dd 25.98 +2.54 ... 6.81 3.76 Caesarstone CSTE ... dd 4.02 –0.18 ... 82.46 63.79 CognizantTech CTSH 1.5 18 80.05 +2.24 .30 2.74 2.14 Deswell DSWL 8.3 4 2.41 +0.05 .10 109.47 69.12 ExpandEnergy EXE 2.2 65 106.00 –0.36 .575
248.16 126.97 BeiGene ONC ... dd 222.08 +12.00 ... 116.41 54.53 Cal-MaineFoods CALM 5.6 8 106.70 –6.931.489 9.97 6.21 CognyteSoftware CGNT ... dd 9.34 –0.32 ... 142.00 62.34 DexCom DXCM ... 53 88.75 +4.37 ... 192.34 107.25 Expedia EXPE ... 22 171.23 –16.05 ...
106.93 51.00 BelFuse A BELFA .3 23 87.30 –2.09 .06 31.26 20.30 CalavoGrowers CVGW 3.3 dd 23.98 –0.71 .20 11.48 9.92 CohenCircleI A CCIR ... ... 10.32 +0.09 ... 173.25 135.44 DiamondHillInvt DHIL 4.0 9 149.80 –0.21 1.50 4.13 1.24 Expensify EXFY ... dd 3.50 +0.10 ...
92.61 45.75 BelFuse B BELFB .3 18 81.22 +1.23 .07 25.29 9.97 Calumet CLMT ... dd 16.68 –1.72 ... 2.87 0.66 CoherusBioSci CHRS ... dd 1.24 –0.15 ... 214.50 147.93 DiamondbkEner FANG 2.1 10 173.26 –6.92 .90 115.75 68.70 Exponent EXPO 1.2 45 92.09 –0.25 .28
57.19 43.82 BentleySystems BSY .5 41 46.10 +0.66 .06 4.92 0.64 CambiumNtwks CMBM ... dd 1.17 +0.14 ... 36.60 22.80 Cohu COHU ... dd 23.95 –0.45 ... 34.82 20.17 DigiIntl DGII ... 53 32.02 +1.53 ... 19.24 10.50 ExtremeNetworks EXTR ... dd 17.00 –0.32 ...
8.88 3.72 Berry(bry) BRY 2.6 4 4.69 –0.31 .03 50.07 28.62 CamdenNational CAC 3.8 14 43.80 –0.25 .42 349.75 114.51 CoinbaseGlbl COIN ... 51 298.00 +2.52 ... 48.32 21.00 Digimarc DMRC ... dd 40.11 –1.17 ... 30.99 6.90 EyePointPharm EYPT ... dd 8.53 +1.05 ...
32.50 7.71 BetterHome&Fin BETR ... dd 10.90 +0.95 ... 52.81 37.61 Campbell's CPB 4.0 21 38.98 ... .39 14.99 6.55 Coincheck CNCK ... dd 9.55 –0.27 ... 37.60 17.29 DimeCommBcshs DCOM 3.2 53 30.81 –1.15 .25 12.85 8.20 Ezcorp EZPW ... 11 12.46 +0.16 ...
12.12 3.30 BeyondMeat BYND ... dd 4.07 –0.01 ... 140.50 69.83 Camtek CAMT .0 46 100.75 –2.87 1.33 42.29 28.39 CollegiumPharm COLL ... 14 32.59 –0.76 ... 86.74 52.71 Diodes DIOD ... 46 60.66 –0.25 ... F
28.09 11.51 BicaraTherap BCAX ... ... 11.61 –0.50 ... 3.27 0.72 Canaan CAN ... dd 2.09 +0.08 ... 156.96 101.01 ColliersIntl CIGI .2 45 141.35 +3.44 .15 28.63 21.35 DirexMUBear1X MUD ... ... 22.79 +0.48 ...
9.93 9.85 FACTIIAcqn FACT ... ... 9.93 +0.01 ...
28.67 12.17 BicycleTherap BCYC ... dd 12.98 –0.36 ... 24.32 10.22 CanadianSolar CSIQ ... cc 10.96 –0.09 ... 6.75 3.24 Collplant CLGN ... dd 3.71 –0.32 ... 77.60 25.60 DiscMedicine IRON ... dd 57.45 –0.79 ...
32.50 13.52 FARO Tech FARO ... dd 32.31 +1.47 ...
5.63 1.45 Big5SportingGds BGFV .0 dd 1.65 –0.03 .05 14.60 1.16 CandelTherap CADL ... dd 6.89 +0.23 ... 32.85 17.08 ColumbiaBanking COLB 5.2 12 27.96 –0.62 .36 0.17 0.08 DistokenAcqnRt DISTR ... ... .14 +0.04 ...
274.64 159.01 F5 FFIV ... 29 272.99 +9.04 ...
13.47 0.75 BigTreeCloud DSY ... dd 2.28 –1.17 ... 14.92 2.15 CanopyGrowth CGC ... dd 2.22 +0.04 ... 20.46 13.79 ColumbiaFinl CLBK ... 97 15.42 –0.58 ... 41.47 28.01 DistributionSoln DSGR ... cc 33.89 –0.41 ...
33.00 26.99 FRP Holdings FRPH ... 76 30.57 +0.13 ...
8.99 5.13 BigCommerce BIGC ... dd 6.16 +0.03 ... 10.48 5.75 Cantaloupe CTLP ... 47 8.23 +0.08 ... 91.30 73.04 ColumbiaSportswr COLM 1.3 25 89.35 +5.73 .30 4.24 2.01 DiversifiedHlthcr DHC 1.8 dd 2.18 +0.13 .01
15.48 5.24 FST KBSX ... dd 6.60 +0.20 ...
31.77 8.82 Bilibili BILI ... dd 16.89 –0.58 ... 30.25 17.10 CanterburyPark CPHC 1.4 22 20.50 +0.08 .07 45.84 29.26 ColumbusMcKinn CMCO .7 72 37.39 +1.09 .07 18.27 6.57 dLocal DLO ... 27 12.08 +0.27 ...
181.64 51.54 FTAI Aviation FTAI ... dd 90.98 –21.40 ...
16.61 1.85 BinahCapital BCG ... dd 2.48 –0.07 ... 10.07 10.04 CantorEqPtrsI CEPO ... ... 10.07 ... ... 47.11 36.15 Comcast A CMCSA 3.3 10 37.62 +1.04 .31 56.41 33.81 Docebo DCBO ... 75 43.21 +1.07 ...
10.46 4.15 FTAI Infra FIP 1.7 dd 7.10 –0.34 .03
21.95 6.50 BingEx FLX ... cc 8.28 +0.32 ... 10.95 9.99 CantorEqPtrs CEP ... cc 10.40 ... ... 72.75 47.09 CommerceBcshrs CBSH 1.6 17 66.00 +1.15 .27 107.86 48.70 DocuSign DOCU ... 19 91.60 +2.00 ...
13.25 3.95 Falcon'sBeyondGlbl FBYD ... 2 4.03 –1.52 ...
85.57 61.16 Bio-Techne TECH .4 82 77.05 +1.22 .08 31.22 19.02 CapitalBancorp CBNK 1.2 12 28.96 –0.11 .10 6.97 2.02 CommVehicle CVGI ... 2 2.19 –0.04 ... 151.22 60.49 DollarTree DLTR ... dd 72.48 +0.41 ...
4.04 1.60 FarmerBros FARM ... dd 1.70 +0.01 ...
26.62 3.85 BioAgeLabs BIOA ... dd 5.40 +0.26 ... 40.86 25.45 CapitalCityBank CCBG 2.5 12 36.38 +0.38 .23 7.19 0.86 CommScope COMM ... dd 5.53 +0.17 ... 542.75 396.06 Domino's DPZ 1.4 27 434.23 +6.88 1.51
84.88 61.36 Fastenal FAST 2.3 38 75.53 –0.55 .43
4.02 0.45 BioAtla BCAB ... dd .50 +0.01 ... 20.26 14.45 CapCleanEn CCEC 3.3 14 18.23 –0.52 .15 61.67 38.44 CmntyTrBcp CTBI 3.5 12 53.83 +0.03 .47 12.23 6.11 Domo DOMO ... dd 7.69 +0.43 ...
8.83 1.04 FateTherap FATE ... dd 1.33 +0.06 ...
14.05 5.71 BioceresCrop BIOX ... cc 7.18 +0.29 ... 27.23 20.68 CapitalSouthwest CSWC10.3 14 22.38 –0.11 .05 178.72 79.39 CommvaultSys CVLT ... 41 159.88 –1.40 ... 17.00 12.26 DonegalGroup A DGICA 4.7 19 14.65 +0.06.1725
48.29 35.30 Ferrovial FER .0 39 43.46 +1.86.4936
8.88 4.03 BioCryst BCRX ... dd 7.64 +0.19 ... 7.20 4.76 CapitolFedFin CFFN 6.0 19 5.65 –0.07 .085 3.37 0.20 CompleteSolaria CSLR ... dd 1.83 +0.22 ... 16.81 10.75 DonegalGroup B DGICB 4.3 21 14.50 –0.38 .155
55.00 1.08 FibroBiologics FBLG ... dd 1.68 –0.07 ...
2.21 0.86 Biodesix BDSX ... dd 1.03 –0.12 ... 7.92 0.43 Captivision CAPT ... ... .46 –0.05 ... 17.03 4.61 CompoSecure CMPO .0 dd 15.82 +1.06 .30 184.26 99.32 DoorDash DASH ... dd 183.32 +8.84 ...
2.93 0.18 FibroGen FGEN ... dd .51 –0.06 ...
251.99 139.71 Biogen BIIB ... 13 146.20 +5.65 ... 22.34 2.00 CarbonRevolution CREV ... ... 4.48 –0.57 ... 20.55 4.89 comScore SCOR ... dd 7.15 +0.67 ... 35.74 28.41 DorchesterMnls DMLP10.8 12 32.31 –0.80.7394
61.21 41.00 FidelityD&D FDBC 3.7 16 43.18 –0.33 .40
7.70 ... BioHarvestSci BHST ... dd 5.43 –0.40 ... 20.52 2.76 Cardlytics CDLX ... dd 3.88 +0.72 ... 7.46 1.53 ComtechTel CMTL ... dd 2.45 –0.18 ... 146.60 79.43 DormanProducts DORM ... 22 133.02 +3.42 ...
49.07 32.29 FifthThirdBncp FITB 3.3 14 44.18 –0.16 .37
94.85 60.63 BioMarinPharm BMRN ... 37 61.73 +0.20 ... 4.84 1.01 Carecloud CCLD ... dd 3.46 +0.67 ... 93.79 36.28 Concentrix CNXC 2.4 14 52.54 +3.58.3327 18.21 8.28 DoubleDown DDI ... 5 10.40 –0.08 ...
29.34 16.29 FinInstitutions FISI 4.4 9 27.08 +0.11 .30
20.21 3.61 BiomeaFusion BMEA ... dd 4.41 +0.44 ... 34.84 7.42 CareDx CDNA ... dd 22.34 +0.90 ... 4.59 2.96 Conduent CNDT ... 2 3.98 –0.06 ... 20.17 6.29 DouYuIntl DOYU .0 dd 15.75 –0.17 9.94
20.50 8.72 FinWiseBancorp FINW ... 15 16.37 –0.04 ...
131.49 76.53 BioNTech BNTX ... dd 118.14 +6.21 ... 39.62 21.18 CarGurus CARG ... dd 38.93 +1.14 ... 3.92 0.04 ConduitPharm CDT ... dd .05 –0.03 ... 49.57 28.69 DraftKings DKNG ... dd 41.34 +2.05 ...
20.79 14.01 FirstAdvantage FA ... cc 18.48 –0.12 ...
8.44 3.79 Biote BTMD ... 27 5.51 –0.13 ... 8.33 1.47 CaribouBio CRBU ... dd 1.51 –0.02 ... 35.07 17.79 Confluent CFLT ... dd 28.74 +2.04 ... 17.45 10.59 DrivenBrands DRVN ... cc 16.43 +0.53 ...
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50.34 29.53 FirstBancorpNC FBNC 2.0 18 43.94 –0.20 .22

14.38 3.90 Bioventus BVS ... dd 10.03 –0.01 ... 2.77 0.38 CarismaTherap CARM ... dd .48 +0.04 ... 2.66 0.90 ConnectBiopharma CNTB ... ... .99 –0.07 ... 33.43 20.68 Dropbox DBX ... 18 31.48 +0.89 ...
31.05 21.77 FirstBancorp FNLC 5.7 10 25.21 –0.93 .36
3.91 1.47 Bitfarms BITF ... dd 1.63 –0.05 ... 57.34 36.65 Carlyle CG 2.5 cc 56.83 +1.59 .35 12.47 0.67 ConnectMTech CNTM ... dd 1.21 +0.01 ... 5.08 2.80 DuluthHoldings DLTH ... dd 3.10 +0.06 ...
15.87 11.20 FirstBank FRBA 1.7 9 14.44 +0.62 .06
7.66 1.91 BlackDiamond BDTX ... dd 2.48 +0.28 ... 18.74 14.76 CarlyleSecured CGBD 8.7 11 18.31 –0.15 .05 29.31 17.07 ConnectOneBncp CNOB 3.1 13 23.22 +0.24 .18 378.48 145.05 Duolingo DUOL ... cc 328.60 –22.53 ...
28.97 21.59 FirstBusey BUSE 4.4 12 22.88 –0.25 .25
12.21 10.08 BlackHawkAcqn BKHAU ... ... 10.58 ... ... 2.93 0.68 CarParts.com PRTS ... dd 1.33 +0.03 ... 27.79 11.62 ConsensusCloud CCSI ... 6 26.36 +1.29 ... 10.48 9.78 DynamixA DYNX ... ... 9.83 +0.03 ...
52.22 32.56 FirstBusFinSvcs FBIZ 2.1 10 47.50 +1.55 .25
10.46 10.09 BlackHawkAcqn BKHA ... 82 10.46 +0.06 ... 20.40 10.95 CarterBkshrs CARE ... 17 17.79 +0.43 ... 33.58 23.55 ConsldWater CWCO 1.7 11 25.78 –0.61 .11 13.89 9.74 DynavaxTechs DVAX ... 98 12.74 +0.29 ...
2412.93 1383.00 FirstCitizBcshA FCNCA .4 13 2225.00 +36.06 1.95
4.20 0.75 BlackHawkAcqnRt BKHAR ... ... 1.40 +0.20 ... 11.78 11.01 CartesianGrwIIA RENE ... 27 11.75 +0.09 ... 352.00 120.01 ConstellationEner CEG .4 38 347.44 +31.08.3525 47.45 13.45 DyneTherap DYN ... dd 13.72 –0.41 ...
49.02 31.00 FirstCommBkshs FCBC 3.0 15 41.86 +0.67 .31
10.05 9.85 BlackSpadeII BSII ... ... 9.93 –0.02 ... 41.87 11.67 CartesianTherap RNAC ... dd 19.20 –0.09 ... 103.69 43.06 ConstructionPtrs ROAD ... 64 84.46 –5.77 ... E 31.18 20.59 FirstFinBncpOH FFBC 3.5 12 27.73 –0.22 .24
88.95 66.47 Blackbaud BLKB ... 75 76.26 –1.81 ... 114.88 84.45 CasellaWaste CWST ... cc 105.03 –6.46 ... 12.04 7.03 ConsumerPtf CPSS ... 14 11.72 +0.34 ...
3.09 0.96 ECARX ECX ... dd 1.82 –0.09 ... 44.66 27.62 FirstFinBkshs FFIN 1.9 26 37.79 +0.77 .18
69.31 43.37 BlackLine BL ... 35 60.46 +0.81 ... 439.68 268.07 CaseysGenStores CASY .5 29 411.25 +19.74 .50 8.24 4.13 ContextLogic LOGC ... dd 7.07 +0.20 ...
8.50 2.00 EDAP TMS EDAP ... dd 2.17 ... ... 51.87 34.58 FirstFinIN THFF 4.3 13 47.67 +1.23 .51
11.77 7.71 BlkRkTCPCap TCPC14.5 dd 9.36 +0.41 .10 50.25 37.99 CassInfoSys CASS 3.0 30 41.10 +1.07 .31 22.00 11.08 ContineumTherap CTNM ... dd 11.18 –1.26 ...
0.16 0.06 ESH Acqn Rt ESHAR ... ... .10 ... ... 23.50 20.10 FirstFinNW FFNW 2.5 cc 20.92 –0.15 .13
29.61 6.20 Blaize BZAI ... dd 6.53 –1.76 ... 35.84 16.97 CastleBiosci CSTL ... cc 26.44 +1.50 ... 112.38 84.76 Cooper COO ... 50 97.70 +4.43 ...
21.50 15.29 ESSA Bancorp ESSA 2.9 12 20.85 +0.80 .15 15.25 8.39 FirstGuarBcshs FGBI .4 13 10.50 –0.32 .01
0.20 0.16 BleichroederI Rt BACQR ... ... .20 +0.02 ... 55.29 33.88 CathayGenBncp CATY 2.9 12 46.81 –1.52 .34 64.38 47.73 Copart CPRT ... 40 57.70 +0.80 ...
17.62 12.32 EagleBncpMT EBMT 3.8 14 15.02 –0.23.1425 28.80 19.48 FirstHawaiian FHB 3.9 15 26.36 +0.27 .26
9.97 9.80 BleichroederI A BACQ ... ... 9.91 +0.02 ... 18.63 2.61 CoreScientific CORZ ... dd 15.98 +0.98 ...
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

544.08 324.77 CavcoIndustries CVCO ... 27 471.39 –5.45 ... 113.95 67.27 EastWestBncp EWBC 2.1 13 102.93 +2.13 .55 43.26 24.18 FirstInternetBncp INBK .7 12 33.58 –1.90 .06
30.13 11.03 Bloomin'Brands BLMN 7.8 dd 12.33 +1.04 .24 10.47 9.95 CaysonAcqn CAPN ... ... 10.06 ... ... 13.85 2.89 CorMedix CRMD ... dd 12.42 +0.25 ...
19.40 12.22 EasternBankshares EBC 2.7 8 17.85 +0.35 .12 36.77 24.16 FirstInterBanc FIBK 5.8 14 32.59 +0.05 .47
59.40 27.68 BlueBird BLBD ... 12 37.50 –3.46 ... 35.16 18.50 CecoEnvl CECO ... 89 29.55 –0.05 ... 14.13 5.60 CorsairGaming CRSR ... dd 9.15 +0.83 ...
35.78 22.63 Eastern EML 1.6 10 27.29 –0.41 .11 46.13 30.55 FirstMerchants FRME 3.5 13 40.35 +0.08 .35
11.48 7.90 BlueFoundryBncp BLFY ... dd 9.59 +0.18 ... 24.18 8.91 CellebriteDI CLBT ... dd 23.70 +0.92 ... 127.24 74.71 Corvel CRVL ... 73 114.11 +5.26 ...
14.19 5.34 EbangIntl EBON ... dd 6.28 –0.05 ... 43.86 28.86 FirstMidBcshs FMBH 2.5 11 37.84 +1.14 .24
38.40 5.80 bluebirdbio BLUE ... dd 7.80 –0.55 ... 3.38 1.41 Cellectis CLLS ... dd 1.67 +0.19 ... 10.00 1.30 CorvusPharm CRVS ... dd 5.28 +0.27 ...
71.52 40.74 eBay EBAY 1.7 16 64.81 –1.38 .27 16.00 8.91 FirstNWBncp FNWB 2.6 dd 10.64 –0.36 .07
121.90 72.24 BlueprintMed BPMC ... dd 114.91 +4.86 ... 18.97 7.38 CentessaPharm CNTA ... dd 16.46 +1.30 ... 100.38 68.26 CoStar CSGP ... cc 74.16 +0.31 ...
30.08 11.83 EchoStar SATS ... dd 27.66 +0.66 ... 306.77 135.88 FirstSolar FSLR ... 14 168.25 –24.63 ...
9.95 9.84 BoldEagleAcqnA BEAG ... ... 9.91 ... ... 47.48 32.17 CentralGarden CENT ... 23 36.49 +0.23 ... 1008.25 679.50 Costco COST .5 55 939.68 –3.51 1.16
38.12 14.90 EdgewiseTherap EWTX ... dd 28.30 +2.04 ... 68.13 47.30 1stSource SRCE 2.5 11 57.53 –0.32 .36
0.30 0.18 BoldEagleAcqnRt BEAGR ... ... .22 ... ... 41.03 27.70 CentralGardenA CENTA ... 19 30.96 +0.27 ... 32.00 13.53 Couchbase BASE ... dd 17.29 +0.84 ...
11.58 1.12 EditasMedicine EDIT ... dd 1.38 +0.16 ... 36.49 19.17 FirstUnited FUNC 2.7 13 32.52 –0.43 .22
17.02 0.23 BoltProjects BSLK ... dd .32 –0.07 ... 10.25 9.96 CenturionAcqnA ALF ... ... 10.15 +0.01 ... 82.98 34.88 CrackerBarrel CBRL 1.7 33 60.11 +5.38 .25
2.95 1.36 EducDev EDUC ... dd 1.63 –0.02 ... 25.98 12.90 FirstWatchRest FWRG ... 57 19.15 +1.37 ...
5337.24 3180.00 Booking BKNG .7 32 4764.89 –161.91 8.75 25.39 9.65 CenturyAluminum CENX ... 6 19.64 –1.09 ... 44.01 0.69 CreativeMedia CMCT38.6 dd .88 +0.13.8332
22.98 9.51 EHang EH ... dd 16.59 +1.04 ... 22.32 12.84 FirstWesternFin MYFW ... 33 20.05 +2.37 ...
15.24 2.19 BoundlessBio BOLD ... dd 2.41 –0.12 ... 5.51 0.86 CenturyTherap IPSC ... dd .90 –0.01 ... 616.66 409.22 CreditAcceptance CACC ... 35 523.55 +38.73 ...
10.68 3.58 eHealth EHTH ... dd 10.18 +0.13 ... 133.64 100.24 FirstCash FCFS 1.3 21 113.42 +1.28 .38
11.00 5.84 BowenAcqn BOWN ... 20 7.21 –0.14 ... 5.73 2.33 Ceragon CRNT ... 23 4.92 +0.43 ... 86.69 16.82 CredoTech CRDO ... dd 80.47 +0.45 ...
3.76 1.51 8x8 EGHT ... dd 2.84 +0.26 ... 197.84 141.26 FirstService FSV .5 78 185.45 +3.09 .25
0.46 0.09 BowenAcqnRt BOWNR ... ... .22 –0.04 ... 27.50 2.34 Cerence CRNC ... dd 14.04 +1.46 ... 20.03 15.91 CrescentCapBDC CCAP 8.6 8 19.49 +0.15 .42
16.63 5.99 89bio ETNB ... dd 7.13 +0.82 ... 44.37 33.31 FirstSunCapBncp FSUN ... 13 41.09 +1.60 ...
42.90 19.93 BowmanConsult BWMN ... dd 26.25 +0.28 ... 14.23 6.56 Cresud CRESY ... dd 13.29 +1.20 ...
32.75 18.69 CeriBell CBLL ... ... 22.96 +1.92 ... 14.25 8.17 ElPolloLoco LOCO ... 15 11.75 +0.30 ... 212.01 64.87 FiveBelow FIVE ... 20 95.75 +5.11 ...
7.00 2.86 BraggGaming BRAG ... dd 4.48 +0.31 ... 8.40 4.43 Cricut CRCT 3.5 20 5.79 +0.06 .10
1280.00 2.04 CERoTherap CERO ... dd 2.48 +0.14 ... 308.96 175.30 ElbitSystems ESLT .7 51 301.07 +3.25 .50 2.48 0.38 5EAdvMatls FEAM ... dd .45 –0.03 ...
11.25 4.61 Brainsway BWAY ... cc 10.69 +0.46 ... 62.53 35.51 CrineticsPharm CRNX ... dd 38.79 +1.44 ...
19.87 9.41 Certara CERT ... dd 13.26 +1.60 ... 168.50 115.21 ElectronicArts EA .7 30 116.56 –25.44 .19 79.81 26.60 Five9 FIVN ... dd 39.74 +2.35 ...
61.53 29.18 Braze BRZE ... dd 45.69 +1.58 ... 49.93 25.27 Criteo CRTO ... 22 37.76 +0.08 ...
2.59 1.38 Cerus CERS ... dd 1.97 +0.18 ... 5.83 0.50 ElevationOnc ELEV ... dd .66 –0.05 ... 35.13 21.10 FiveStarBncp FSBC 2.7 13 29.86 –0.41 .20
41.04 21.62 BridgeBioPharma BBIO ... dd 37.59 +3.80 ... 22.50 5.32 CriticalMetals CRML ... dd 7.11 –1.39 ...
39.95 25.57 ChampionX CHX 1.3 19 30.05 –1.16 .095 12.60 0.90 ElongPower ELPW ... 5 1.18 +0.09 ... 10.20 9.99 FlagShipAcqn FSHP ... ... 10.19 +0.02 ...
6.61 1.71 BridgerAerospace BAER ... dd 3.07 +0.09 ... 165.32 94.50 Crocs CROX ... 8 103.59 +3.62 ...
10.01 9.88 CharltonAriaA CHAR ... ... 9.98 –0.03 ... 21.48 9.93 Embecta EMBC 3.2 14 18.96 +0.28 .15 45.10 22.57 Flex FLEX ... 20 44.27 +1.55 ...
14.69 7.77 BridgfordFoods BRID ... dd 10.51 +0.10 ... 3.14 1.86 Cronos CRON ... dd 1.90 –0.09 ...
0.19 0.14 CharltonAriaRt CHARR ... ... .15 ... ... 0.30 0.08 EmbraceChangeRt EMCGR ... ... .08 ... ... 65.87 26.62 Flexsteel FLXS 1.4 20 49.88 –0.76 .17
4.44 1.55 Brightcove BCOV ... dd 4.43 +0.01 ... 22.37 9.58 CrossCtyHlthcr CCRN ... dd 18.20 +0.02 ...
415.27 236.08 CharterComms CHTR ... 12 367.58 +16.21 ... 37.42 26.13 Enact ACT 2.2 8 33.20 +0.67 .185 26.12 12.74 FluenceEnergy FLNC ... cc 14.19 –0.25 ...
54.73 40.00 BrighthouseFin BHF ... dd 50.68 +0.12 ... 19.22 10.64 CrossFirstBkshs CFB ... 10 15.19 –0.05 ...
210.70 145.75 CheckPoint CHKP ... 27 194.48 +6.61 ... 17.80 4.71 EnantaPharma ENTA ... dd 5.53 +0.28 ... 18.59 10.74 FlushingFinl FFIC 6.1 16 14.38 –0.38 .22
22.97 7.85 BrightSpring BTSG ... dd 22.82 +4.27 ... 398.33 200.81 CrowdStrike CRWD ... cc 374.92 +17.92 ...
52.90 33.05 CheesecakeFct CAKE 2.1 20 51.47 +2.71 .27 54.55 39.64 EncoreCapital ECPG ... dd 49.97 +1.12 ... 31.54 15.19 Flywire FLYW ... cc 19.17 –0.86 ...
3.40 1.52 BrilliantEarthA BRLT ... dd 2.19 +0.33 ... 30.19 9.50 CullinanTherap CGEM ... dd 10.55 +0.29 ...
54.63 31.51 ChefsWarehouse CHEF ... 47 53.70 +0.75 ... 20.27 12.26 EnergyRecovery ERII ... 43 14.40 –0.37 ... 10.25 2.70 FoghornTherap FHTX ... dd 4.06 –0.25 ...
251.88 117.43 Broadcom AVGO 1.0 cc 244.70 +7.26 .59 3.93 1.04 CumberlandPharm CPIX ... dd 2.59 +0.06 ...
55.73 39.00 ChemungFinl CHMG 2.7 10 46.56 –0.54 .31 18.48 14.09 EnlightRenewableEn ENLT ... 42 16.39 –0.71 ... 63.63 37.25 FormFactor FORM ... 24 41.67 –1.79 ...
13.15 8.01 BrooklineBncp BRKL 4.5 14 11.96 –0.04 .135 4.96 0.63 CumulusMedia CMLS ... dd .88 +0.04 ...
13.38 7.62 ChicagoAtlantic LIEN 9.9 16 11.00 ... .34 30.03 10.90 EnlivenTherap ELVN ... dd 21.86 +0.39 ... 96.50 65.83 FormulaSys FORTY 1.0 18 86.98 –2.39.6111
94.86 48.07 Bruker BRKR .3 28 57.29 +0.41 .05 5.28 2.22 CureVac CVAC ... 7 3.85 –0.25 ...
16.49 14.82 ChicagoAtlRealEst REFI 12.4 8 15.21 –0.45 .18 18.68 5.70 Enovix ENVX ... dd 12.32 +1.60 ... 27.11 13.96 ForresterRes FORR ... dd 15.15 –0.04 ...
14.65 4.80 Bumble BMBL ... dd 7.50 –0.20 ... 13.59 1.19 Currenc CURR ... dd 1.83 –0.39 ...
23.95 1.59 ChijetMotor CJET ... dd 1.63 –0.13 ... 141.63 58.33 EnphaseEnergy ENPH ... cc 63.36 –0.33 ... 101.00 54.57 Fortinet FTNT ... 49 96.90 +2.67 ...
9.50 2.62 BurningRockBio BNR ... dd 7.32 +0.79 ... 3.18 0.28 Cutera CUTR ... dd .47 –0.01 ...
38.03 4.77 Children'sPlace PLCE ... dd 10.38 +0.03 ... 158.45 110.71 EnsignGroup ENSG .2 34 138.65 +1.86.0625 41.02 16.53 Fortrea FTRE ... dd 17.78 +0.09 ...
30.30 18.97 BusFirstBcshs BFST 2.0 12 27.69 +2.11 .14 29.10 6.40 CVRx CVRX ... dd 17.77 +0.15 ...
4.07 0.75 Chimerix CMRX ... dd 3.96 +0.41 ... 348.48 262.54 Enstar ESGR ... 5 327.00 ... ... 47.50 11.21 ForwardAir FWRD ... dd 33.51 –0.38 ...
C 366.48 223.09 CyberArkSoftware CYBR ... cc 359.72 +7.50 ...
32.19 17.70 ChipMOSTechs IMOS ... 14 20.54 +2.30 ... 147.57 94.92 Entegris ENTG .4 69 104.19 –2.19 .10 2.61 0.75 Fossil FOSL ... dd 1.73 –0.04 ...
9.33 4.66 CytekBiosci CTKB ... dd 5.74 +0.28 ...
5.68 2.12 Cadiz CDZI ... dd 4.54 –0.63 ... 190.23 109.59 ChordEnergy CHRD 4.3 6 117.46 –8.85 .19 44.08 22.60 EnterpriseBncp EBTC 2.4 14 41.74 +0.29 .25 30.77 14.23 FosterLB FSTR ... 7 28.36 +0.54 ...
84.05 44.49 Cytokinetics CYTK ... dd 50.75 +5.01 ...
12.30 3.50 CAMP4Therapeutics CAMP ... ... 5.11 +0.49 ... 11.17 9.99 ChurchillCapIX CCIX ... 69 10.35 –0.09 ... 63.13 37.28 EnterpriseFinSvcs EFSC 2.0 12 56.43 –1.33 .28 36.25 4.43 4D Molecular FDMT ... dd 4.66 +0.08 ...
5.85 0.79 CytomXTherap CTMX ... 5 .89 +0.05 ...
33.92 10.91 CARGOTherapeutics CRGX ... dd 13.46 +1.07 ... 150.21 111.10 ChurchillDowns CHDN .3 23 125.02 –0.98.409 21.79 11.35 EntradaTherap TRDA ... 8 12.84 +0.15 ... 50.63 28.29 FoxA FOXA 1.1 12 49.07 +1.07 .27
80.87 33.51 C&F Fin CFFI 2.4 13 73.10 –1.02 .44 104.92 58.05 Cimpress CMPR ... 12 72.18 –1.63 ... D 106.98 56.33 ePlus PLUS ... 20 81.32 +1.26 ... 47.80 25.82 FoxB FOX 1.2 11 46.55 +0.89 .27
33.72 20.75 CB FinSvcs CBFV 3.4 7 29.50 +1.22 .25 161.75 104.78 CincinnatiFinl CINF 2.4 7 137.24 –3.42 .81 3.67 0.72 DIH US DHAI ... ... 1.04 –0.19 ... 6.75 4.70 EpsilonEnergy EPSN 3.8 28 6.60 –0.01.0625 69.47 26.76 FoxFactory FOXF ... cc 29.18 +0.56 ...
12.88 9.79 CCC Intelligent CCCS ... cc 11.36 +0.16 ... 228.12 148.75 Cintas CTAS .8 48 197.39 –0.92 .39 19.72 6.65 DMC Global BOOM ... dd 7.31 –0.14 ... 994.03 684.14 Equinix EQIX 1.8 85 940.85 +25.26 4.26 14.50 1.74 FractylHealth GUTS ... dd 2.09 +0.29 ...
263.37 168.43 CDW CDW 1.3 24 195.13 +6.40 .625 7.99 2.40 CipherMining CIFR ... dd 5.90 +0.47 ... 4.05 1.25 D-MarketElec HEPS ... dd 3.12 –0.02 ... 3.45 1.64 Erasca ERAS ... dd 1.95 +0.10 ... 111.94 91.67 FranklinElec FELE 1.0 25 98.57 –0.32 .25
34.71 16.02 CEVA CEVA ... dd 33.58 –0.60 ... 147.46 75.92 CirrusLogic CRUS ... 17 101.41 +0.41 ... 10.49 10.07 DTCloudAcqn DYCQ ... 74 10.49 +0.01 ... 547.00 337.58 ErieIndemnity ERIE 1.4 36 386.98 –18.591.365 16.10 2.66 FreightCarAmer RAIL ... dd 13.15 +0.78 ...
11.88 3.38 C4 Therap CCCC ... dd 3.63 –0.31 ... 62.32 44.50 CiscoSystems CSCO 2.6 27 62.23 +2.00 .40 10.12 9.96 DT CloudStar DTSQ ... cc 10.12 +0.01 ... 18.12 12.34 Escalade ESCA 4.0 16 15.15 +0.15 .15 20.33 8.62 FrequencyElec FEIM .0 22 18.06 +1.07 1.00
50.23 25.77 CG Oncology CGON ... dd 30.79 +1.71 ... 32.90 13.66 CitiTrends CTRN ... dd 26.91 +0.21 ... 0.15 0.12 DT CloudStarRt DTSQR ... ... .14 ... ... 3.94 1.58 EsperionTherap ESPR ... dd 2.10 –0.11 ... 160.91 84.02 Freshpet FRPT ... cc 158.36 +1.40 ...
114.82 65.00 CH Robinson CHRW 2.3 37 108.16 +4.58 .62 17.04 10.14 CtznCmntyBcp CZWI 2.0 11 16.00 –0.06 .32 107.06 31.56 DXP Ents DXPE ... 27 106.25 +3.58 ... 17.01 3.03 EtonPharm ETON ... dd 16.67 +2.26 ... 23.30 10.81 Freshworks FRSH ... dd 18.30 +0.86 ...
1.70 0.68 CLPS CLPS .0 dd 1.23 +0.02 .13 137.28 97.50 CityHolding CHCO 2.7 15 115.84 –3.84 .79 2.83 1.04 DadaNexus DADA ... dd 1.41 +0.08 ... 80.30 47.10 Etsy ETSY ... 27 52.23 –0.89 ... 60.42 29.41 Frontdoor FTDR ... 19 58.45 –0.08 ...
249.02 190.70 CME Group CME 2.0 25 234.68 +1.97 5.80 7.55 3.89 Clarus CLAR 2.1 37 4.78 +0.17 .025 19.89 7.20 Daktronics DAKT ... 45 17.07 +0.43 ... 117.66 91.07 EuronetWorldwide EEFT ... 14 98.34 –1.18 ... 39.21 20.51 FrontierComms FYBR ... dd 35.80 +0.16 ...
 42 BARRON’S January 27, 2025

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.
8.85 2.79 Frontier ULCC ... dd 8.42 –0.16 ... 65.53 33.15 HalozymeTherap HALO ... 18 55.77 +0.97 ... 6.92 4.41 Infinera INFN ... dd 6.61 +0.02 ... 25.22 16.64 KimballElec KE ... 38 19.39 +0.22 ... 6.79 0.16 LyraTherap LYRA ... dd .19 ... ...
45.60 5.45 FuelCell FCEL ... dd 8.41 –1.18 ... 203.72 103.42 HamiltonLane HLNE 1.2 35 160.99 +10.73 .49 2.82 1.17 InflaRx IFRX ... dd 2.34 –0.20 ... 12.84 2.02 KingsoftCloud KC ... dd 10.79 +0.82 ... M
13.70 2.86 FulcrumTherap FULC ... dd 4.16 +0.20 ... 62.40 41.19 HancockWhitney HWC 2.7 11 58.97 –0.13 .40 15.18 10.37 InflectionPtIIA IPXX ... 35 11.85 –1.20 ... 28.15 16.56 KiniksaPharm KNSA ... dd 20.03 +1.49 ...
27.59 14.45 HanmiFinancial HAFC 4.4 11 22.98 +0.24 .25 3.30 1.39 Kirkland's KIRK ... dd 1.60 +0.03 ... 152.50 79.25 Macom Tech MTSI ... cc 144.17 –1.24 ...
26.51 16.36 FulgentGenetics FLGT ... dd 17.21 +0.11 ... 4.82 2.92 InfoSvcs III 5.6 dd 3.24 +0.04.045
27.14 13.62 HanoverBancorp HNVR 1.5 17 25.96 +1.51 .10 13.10 0.26 KlothoNeuroscience KLTO ... dd .42 +0.01 ... 27.50 9.42 MBX Biosci MBX ... dd 10.75 +0.86 ...
22.49 13.87 FultonFin FULT 3.5 13 20.56 –0.30 .18 85.87 59.73 InglesMarkets IMKTA 1.0 12 65.63 +2.56 .165
14.00 9.15 HarborOneBncp HONE 2.7 44 12.01 +0.09 .08 11.60 2.19 KodiakSciences KOD ... dd 8.01 +0.84 ... 109.22 61.94 MGE Energy MGEE 2.1 26 85.70 –8.10 .45
38.50 14.21 FundamentalGlbl FGF ... 16 23.80 +1.22 ... 18.95 10.80 InhibrxBiosci INBX ... ... 13.15 –0.34 ...
14.65 5.36 Funko FNKO ... dd 13.08 –0.10 ... 15.46 9.10 Harmonic HLIT ... 16 11.84 –0.56 ... 26.80 14.87 InMode INMD ... 9 17.25 +0.46 ... 34.28 13.59 KornitDigital KRNT ... dd 30.19 +0.49 ... 92.91 34.02 MGP Ingredients MGPI 1.3 8 36.19 +0.14 .12
4.65 0.28 FusionFuelGreen HTOO ... ... .50 –0.03 ... 41.61 28.14 HarmonyBio HRMY ... 18 38.01 –1.04 ... 3.51 1.29 InnatePharma IPHA ... dd 1.77 +0.08 ... 38.96 28.37 KraftHeinz KHC 5.5 26 29.31 +0.04 .40 16.00 0.47 MkdwellTech MKDW ... ... .51 –0.03 ...
130.50 45.15 Futu FUTU .0 24 97.12 +9.592.00 59.23 9.13 Harrow HROW ... dd 33.37 –0.48 ... 55.17 5.46 Innodata INOD ... 68 40.28 +3.50 ... 35.66 16.71 KratosDefense KTOS ... cc 34.13 +0.51 ... 147.40 97.54 MKS Instrum MKSI .7 cc 117.50 –2.61 .22
8.87 4.85 Harte-Hanks HHS ... dd 5.31 +0.12 ... 133.71 103.65 Innospec IOSP 1.4 20 114.43 –0.04 .79 17.84 8.44 KrispyKreme DNUT 1.6 55 8.94 +0.36 .035 10.53 9.97 M3-BrigadeAcqnV MBAV ... ... 10.10 +0.02 ...
G 181.02 86.60 MYR Group MYRG ... 68 156.75 +9.03 ...
4.93 1.73 HarvardBioSci HBIO ... dd 1.74 –0.19 ... 6.69 3.50 InnovAge INNV ... dd 3.73 +0.16 ... 1.60 0.69 KronosBio KRON ... dd 1.04 +0.05 ...
13.56 8.05 GCM Grosvenor GCMG 3.3 dd 13.44 +0.45 .11 73.46 46.09 Hasbro HAS 4.9 dd 57.42 +0.08 .70 55.13 38.20 Kulicke&Soffa KLIC 1.8 dd 45.15 –2.18 .205 21.88 2.91 Macrogenics MGNX ... dd 3.23 +0.23 ...
11.50 4.91 InnovSolSuprt ISSC ... 28 11.14 +0.85 ...
42.76 16.44 GDEV GDEV ... 8 16.52 –2.13 ... 34.47 21.50 HashiCorp HCP ... dd 34.25 –0.08 ... 24.17 6.98 KuraOncology KURA ... dd 7.98 +0.72 ... 368.29 168.25 MadrigalPharm MDGL ... dd 328.14 +34.50 ...
21.28 14.33 Innoviva INVA ... 27 18.70 +0.12 ...
29.17 5.01 GDS Holdings GDS ... dd 22.79 –0.73 ... 139.55 54.44 Hawkins HWKN .6 30 115.68 +1.36 .18 122.81 48.66 KuraSushiUSA KRUS ... dd 76.43 +2.91 ... 13.40 9.51 MagicSoftware MGIC 3.7 18 12.85 +0.25 .236
18.75 8.55 Innventure INV ... dd 12.43 –0.17 ...
94.55 72.47 GE HealthCare GEHC .2 24 88.67 +3.93 .035 34.00 17.86 HawthornBcsh HWBK 2.4 12 32.30 +2.75 .19 53.27 29.24 KymeraTherap KYMR ... dd 44.36 +3.75 ... 18.38 8.38 Magnite MGNI ... cc 17.04 +1.60 ...
13.33 5.61 Inogen INGN ... dd 11.44 +0.97 ...
14.46 5.61 GEN Restaurant GENK ... 38 6.72 –0.39 ... 10.99 5.35 HealthCatalyst HCAT ... dd 5.77 +0.28 ... 7.80 1.24 InozymePharma INZY ... dd 1.41 +0.05 ... 35.06 3.15 KyvernaTherap KYTX ... dd 3.60 +0.27 ... 14.74 10.30 MagyarBancorp MGYR 1.4 12 14.36 –0.10 .06
14.99 6.00 GH Research GHRS ... dd 8.83 –0.05 ... 13.00 8.98 HealthcareSvcs HCSG ... 17 11.29 –0.41 ... 123.00 47.65 MakeMyTrip MMYT ... 59 109.07 +2.27 ...
20.67 2.04 Inseego INSG ... dd 12.28 +0.90 ... L
36.18 20.66 G-IIIApparel GIII ... 8 31.89 +0.98 ... 107.87 65.01 HealthEquity HQY ... 98 106.88 +4.46 ... 51.95 30.20 MalibuBoats MBUU ... dd 38.12 +2.62 ...
228.07 146.56 InsightEnt NSIT ... 22 173.80 +7.75 ...
10.25 9.98 GP-ActIIIAcqnA GPAT ... 68 10.18 +0.01 ... 6.47 0.88 LavaTherap LVTX ... dd .95 +0.01 ... 4.94 2.50 MammothEnergy TUSK ... dd 3.26 –0.08 ...
33.52 23.92 HealthStream HSTM .4 50 32.20 +0.32.028 80.53 21.92 Insmed INSM ... dd 78.48 +5.97 ...
29.79 12.33 GRAIL GRAL ... dd 28.61 +11.19 ... 130.75 82.94 LGI Homes LGIH ... 11 90.39 –2.08 ... 312.60 205.12 ManhattanAssoc MANH ... 82 289.38 +15.95 ...
13.67 9.63 HeartlandExp HTLD .7 dd 11.56 +0.34 .02 9.31 3.11 Inspirato ISPO ... dd 5.46 –1.53 ...
88.85 57.37 GRAVITY GRVY ... 7 62.30 +2.10 ... 53.68 35.56 LKQ LKQ 3.1 14 38.34 –0.12 .30 7.63 3.17 MannKind MNKD ... 86 6.03 +0.02 ...
70.27 32.03 HeartlandFinUSA HTLF 1.8 37 66.60 +0.82 .30 282.86 160.19 Insulet PODD ... 48 280.35 +4.54 ...
6.02 1.88 GSI Tech GSIT ... dd 3.21 –0.74 ... 361.63 187.19 LPL Financial LPLA .3 27 360.29 +11.36 .30 50.01 23.59 Maplebear CART ... 29 45.99 –0.33 ...
49.02 28.52 Heidrick&Strug HSII 1.3 25 46.12 +0.03 .15 72.82 30.36 Intapp INTA ... dd 69.20 +1.72 ...
9.92 9.86 GSRIIIAcqn GSRT ... ... 9.91 +0.01 ... 25.50 13.35 LSI Inds LYTS .9 29 22.08 +2.85 .05 11.56 4.28 MaravaiLifeSci MRVI ... dd 5.62 +0.85 ...
127.83 48.05 HelenofTroy HELE ... 13 66.75 +2.31 ... 45.42 16.81 IntegraLifeSci IART ... dd 26.05 +1.95 ...
1.68 1.10 GSRIIIAcqnRt GSRTR ... ... 1.50 –0.02 ... 14.21 10.30 LakeShoreBancorp LSBK 5.2 19 13.73 ... .18 2.40 1.11 Marchex MCHX ... dd 1.96 +0.04 ...
11.59 10.03 HelixAcqnIIA HLXB ... 45 10.70 +0.19 ... 17.53 7.98 IntegralAd IAS ... 52 10.26 +0.22 ...
6.53 2.78 Gaia GAIA ... dd 5.87 +0.61 ... 78.61 57.45 LakelandFin LKFN 2.9 18 69.22 +0.83 .50 35.96 18.13 Marex MRX 1.6 ... 35.87 +2.12 .14
8.19 4.79 HelloGroup MOMO .0 8 7.33 +0.10 .52 46.63 18.51 Intel INTC .0 dd 20.83 –0.66 .125
5.33 0.89 GainTherap GANX ... dd 2.20 –0.08 ... 27.28 15.10 LakelandInds LAKE .5 dd 22.73 –3.31 .03 10.50 0.22 MarinusPharm MRNS ... dd .54 ... ...
13.88 6.38 HennessyAdvsrs HNNA 4.4 13 12.36 –0.08.1375 34.87 9.25 IntelliaTherap NTLA ... dd 10.99 +1.49 ...
40.34 23.45 Galapagos GLPG ... 19 23.70 –0.06 ... 113.00 68.87 LamResearch LRCX 1.2 26 79.68 –0.62 .23 296.68 192.42 MarketAxess MKTX 1.3 30 224.43 +3.93 .74
13.43 10.34 HennessyCapVI HCVI ... dd 10.72 +0.10 ... 4.46 1.67 Intellicheck IDN ... dd 2.89 +0.08 ...
16.09 7.52 Gambling.com GAMB ... 19 14.61 +0.53 ... 139.88 102.10 LamarAdv LAMR 4.4 26 128.10 +2.85 .25 2.69 0.46 MarketWise MKTW 6.4 5 .62 +0.02 .03
82.63 63.67 HenrySchein HSIC ... 31 74.97 +1.75 ... 7.84 3.88 Inter INTR .6 14 4.97 +0.24 .03
52.60 41.80 Gaming&Leisure GLPI 6.3 17 48.11 +0.06 .76 215.31 163.20 LancasterColony LANC 2.2 30 172.00 +0.90 .95 7.36 3.37 Marqeta MQ ... cc 3.77 +0.02 ...
11.27 7.66 HeritageCommerce HTBK 5.5 14 9.54 +0.32 .13 220.66 88.22 InteractiveBrkrs IBKR .5 32 218.99 +28.90 .25
10.16 7.13 GarrettMotion GTX 2.5 9 9.60 +0.21 .06 25.25 17.05 LandmarkBncp LARK 3.2 12 24.97 +0.97 .20 295.45 204.55 Marriott MAR .9 30 284.11 +6.93 .63
27.58 16.55 HeritageFin HFWA 3.9 20 24.65 +0.10 .24 3.72 1.17 Intercure INCR ... ... 1.74 +0.04 ...
17.10 6.78 Gauzy GAUZ ... dd 11.88 +1.04 ... 199.90 164.04 LandstarSystem LSTR .8 30 173.04 –1.192.00 20.71 14.96 MartenTransport MRTN 1.5 39 15.94 –0.11 .06
9.07 2.47 HertzGlobal HTZ ... dd 4.18 +0.15 ... 207.08 95.33 InterDigital IDCC 1.0 19 176.87 +5.18 .45
31.72 19.08 GenDigital GEN 1.8 28 27.44 –0.08 .125 126.89 51.02 Lantheus LNTH ... 16 97.50 +6.03 ... 4.13 2.04 MartinMidstream MMLP .6 33 3.56 ....005
16.43 3.28 Hesai HSAI ... dd 15.50 –0.09 ... 27.34 12.02 Interface TILE .2 17 24.47 +0.46 .01
98.87 2.98 GeneDx WGS ... dd 79.27 +9.79 ... 5.01 0.84 LanzaTechGlobal LNZA ... dd 1.16 –0.37 ... 127.48 53.19 MarvellTech MRVL .2 dd 124.02 –0.74 .06
10.06 0.22 HighestPerf HPH ... dd .27 ... ... 76.91 48.85 IntlBcshs IBOC 2.0 10 65.70 –0.28 .66
4.65 0.75 GenerationBio GBIO ... dd .94 –0.01 ... 2.84 1.38 Largo LGO ... dd 1.79 +0.06 ... 180.97 101.61 Masimo MASI ... cc 170.24 –2.05 ...
17.48 12.47 HighPeakEner HPK 1.1 11 14.12 –0.64 .04 156.75 108.39 Interparfums IPAR 2.1 30 140.91 +2.32 .75
6.42 3.35 Genfit GNFT ... 10 3.60 +0.13 ... 13.68 3.01 LarimarTherap LRMR ... dd 3.58 +0.24 ... 24.05 16.12 MasterCraftBoat MCFT ... dd 18.59 +0.23 ...
20.22 1.55 HilleVax HLVX ... dd 1.97 +0.07 ... 4.51 2.46 Intevac IVAC ... dd 3.48 –0.01 ...
31.88 19.85 Genmab GMAB ... 20 21.13 +0.33 ... 8.41 2.31 Latham SWIM ... 73 7.04 +0.30 ... 39.91 27.66 MatchGroup MTCH 2.2 15 34.06 +1.32 .19
12.08 8.43 HillmanSolns HLMN ... cc 10.28 +0.28 ... 128.00 62.78 Intra-Cellular ITCI ... dd 127.35 +1.15 ...
37.58 26.58 Gentex GNTX 1.7 15 27.73 –0.24 .12 85.69 40.65 LatticeSemi LSCC ... 55 57.26 –1.06 ... 8.50 4.70 Materialise MTLS ... 45 8.20 +0.60 ...
13.91 4.80 HimaxTechs HIMX 2.2 29 12.85 +4.00 .29 714.78 557.29 Intuit INTU .7 58 597.95 –6.18 1.04
62.93 37.95 Gentherm THRM ... 19 39.67 –0.47 ... 10.12 9.66 LaunchOneAcqnA LPAA ... ... 10.08 +0.01 ... 15.45 8.61 MatrixService MTRX ... dd 15.05 +0.17 ...
300.00 150.11 HinghamSvg HIFS 1.0 20 257.31 +15.51 .63 24.95 2.53 IntuitiveMachinesA LUNR ... dd 23.07 +4.56 ...
17.09 8.09 GeospaceTech GEOS ... dd 9.60 –0.14 ... 11.06 9.89 LaunchTwoAcqnA LPBB ... ... 9.98 +0.02 ... 20.60 15.87 Mattel MAT ... 11 18.18 +0.25 ...
84.67 68.61 Hologic HOLX ... 21 71.02 +1.29 ... 616.00 364.17 IntuitiveSurgical ISRG ... 91 584.05 –8.59 ...
47.08 30.66 GermanAmBncp GABC 2.8 14 39.23 –0.52 .27 19.98 12.52 LaureateEduc LAUR ... 12 18.84 +0.10 ... 5.24 1.73 Matterport MTTR ... dd 5.21 +0.07 ...
52.39 33.30 HomeBancorp HBCP 2.2 11 47.57 +1.06 .26 4.50 1.53 Inventiva IVA ... dd 2.33 +0.17 ...
5.34 1.64 Geron GERN ... dd 3.01 +0.12 ... 8.26 3.06 Lavoro LVRO ... dd 3.87 +0.55 ...
16.10 8.09 HomeStreet HMST ... dd 10.17 –0.67 ... 26.16 24.88 InvscBS32HYCpBd BSJW 7.3 ... 25.23 –0.06.1387 35.19 21.09 MatthewsIntl MATW 3.5 dd 28.97 –2.05 .25
87.40 55.31 GibraltarInds ROCK ... 17 62.32 –0.19 ... 13.76 1.19 LeadRealEstate LRE ... 6 1.68 –0.09 ...
38.99 23.55 HomeTrustBcshs HTBI 1.3 11 36.72 +2.49 .12 24.81 14.60 Investar ISTR 2.2 11 19.47 –0.65 .105 5.29 3.17 MaxCyte MXCT ... dd 4.66 –0.28 ...
45.18 15.61 GigaCloudTech GCT ... 7 21.09 +1.26 ... 4.35 0.22 LeddarTech LDTC ... dd 1.05 –0.12 ...
8.97 2.40 Honest HNST ... dd 6.13 –0.45 ... 3.77 2.91 InvestcpCredit ICMB15.5 11 3.09 +0.01 .12 602.00 4.98 MaxeonSolar MAXN ... dd 6.49 –0.19 ...
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10.10 9.89 GigCapital7A GIG ... ... 10.08 +0.03 ... 19.63 7.57 LeeEnterprises LEE ... dd 13.64 +1.49 ...
242.77 189.66 Honeywell HON 2.0 26 221.51 –1.07 1.13 290.40 146.41 InvestorsTitle ITIC .8 15 227.50 –0.5514.00 26.59 11.08 MaxLinear MXL ... dd 23.17 –0.88 ...
7.51 4.04 GilatSatellite GILT ... 25 7.29 +0.62 ... 29.31 19.42 LegacyHousing LEGH ... 12 25.50 +0.45 ...
25.80 12.75 HookerFurnishings HOFT 6.8 dd 13.56 +0.31 .23 5.20 0.38 Invivyd IVVD ... dd .47 +0.07 ... 130.86 95.50 McGrathRent MGRC 1.5 13 122.66 +4.38 .475
98.90 62.07 GileadSciences GILD 3.3 cc 93.07 +1.23 .77 13.74 5.33 LegalZoom LZ ... 64 8.43 +0.23 ...
14.54 9.80 HopeBancorp HOPE 4.6 14 12.12 +0.03 .14 52.49 31.40 IonisPharm IONS ... dd 34.75 +3.32 ... 10.50 6.48 MedallionFinl MFIN 4.9 5 9.02 –0.30 .11
78.53 40.72 GitLab GTLB ... dd 64.79 +1.77 ... 70.13 30.17 LegendBiotech LEGN ... dd 36.91 +4.25 ...
19.18 11.18 HorizonBancorp HBNC 3.9 21 16.57 +0.74 .16 18.33 5.57 IovanceBiotherap IOVA ... dd 6.25 +0.34 ... 2.55 1.12 MediciNova MNOV ... dd 1.89 +0.06 ...
30.37 19.20 GladstoneCap GLAD 6.6 7 30.12 +0.32 .165 109.58 56.04 LeMaitreVascular LMAT .7 53 96.89 –2.17 .16
13.42 8.46 HorizonTechFin HRZN14.1 dd 9.37 +0.14 .11 5.80 1.82 iQIYI IQ ... 11 2.23 +0.29 ... 24.00 11.04 MediWound MDWD ... dd 19.83 +2.19 ...
17.88 11.89 GladstoneComm GOOD 7.5 81 16.04 –0.27 .10 62.49 28.50 LendingTree TREE ... dd 41.45 +0.81 ...
21.31 15.71 HostHotels HST 4.7 17 16.94 –0.12 .10 61.00 40.18 iRadimed IRMD 1.0 41 60.48 +1.31 .15 459.77 286.76 Medpace MEDP ... 30 344.07 +6.72 ...
14.85 12.46 GladstoneInvt GAIN 7.2 13 13.37 +0.12 .08 37.99 18.73 LeonardoDRS DRS ... 50 36.81 +1.20 ...
2.17 0.37 HubCyberSecurity HUBC ... dd .68 –0.13 ... 124.12 55.92 iRhythmTechs IRTC ... dd 110.65 +2.32 ... 1.47 0.25 MeihuaIntlMed MHUA ... 1 .32 –0.01 ...
15.36 10.27 GladstoneLand LAND 5.3 dd 10.52 –0.25.0467 5.60 3.16 LesakaTech LSAK ... dd 5.11 –0.17 ...
53.21 38.07 HubGroup HUBG 1.1 26 45.22 +0.39 .125 37.13 24.14 IridiumComm IRDM 1.8 33 31.02 +2.86 .14 7.37 3.85 MeiraGTx MGTX ... dd 6.21 –0.05 ...
0.14 0.01 GlbBlockchainRt GBBKR ... ... .11 –0.04 ... 8.21 2.02 Leslie's LESL ... dd 2.13 –0.03 ...
19.70 11.73 HudsonGlobal HSON ... dd 13.28 +0.70 ... 17.37 5.83 iRobot IRBT ... dd 8.42 –0.43 ... 10.20 9.95 MelarAcqnIA MACI ... ... 10.20 +0.09 ...
58.90 28.11 Global-EOnline GLBE ... dd 56.78 +0.68 ... 19.50 4.67 LexeoTherap LXEO ... dd 5.58 +0.51 ...
10.58 2.15 HuizeHolding HUIZ ... 11 3.05 +0.12 ... 11.11 9.97 IronHorseAcqns IROH ... 65 10.35 +0.02 ... 9.39 4.78 MelcoResorts MLCO ... dd 5.60 +0.06 ...
10.95 10.14 GlobalLightsAcqn GLAC ... dd 10.74 +0.04 ... 3.73 0.62 LexiconPharm LXRX ... dd .99 +0.30 ...
9.97 2.80 Humacyte HUMA ... dd 4.61 +0.20 ... 0.48 0.11 IronHorseAcqnsRt IROHR ... ... .30 –0.05 ... 2161.73 1324.99 MercadoLibre MELI ... 65 1843.45 +7.45 ...
17.43 10.65 GlobalStarAcqn GLSTU ... ... 11.90 –0.29 ... 7.63 1.56 LexinFintech LX 1.6 12 7.63 +0.84 .072
219.51 153.12 JBHunt JBHT 1.0 31 169.96 –2.49 .44 15.70 3.06 IronwoodPharm IRWD ... dd 3.71 +0.05 ... 52.98 33.46 MercantileBank MBWM 2.9 10 49.20 +4.99 .37
12.67 10.57 GlobalStarA GLST ... dd 11.60 +0.19 ... 46.44 17.44 LiAuto LI ... 18 23.21 +0.62 ...
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

18.45 12.05 HuntingtonBcshs HBAN 3.6 14 17.20 +0.19 .155 11.50 10.70 IsraelAcqns ISRL ... 45 11.36 ... ... 11.20 5.33 MercerIntl MERC 4.5 dd 6.69 +0.24 .075
0.24 0.05 GlobalStarRt GLSTR ... ... .21 +0.01 ... 100.44 47.17 LibertyBroadbandA LBRDA ... 15 80.55 +5.02 ...
28.20 14.83 Hurco HURC .0 dd 21.63 +1.61 .16 18.75 7.09 iTeosTherap ITOS ... dd 7.64 –0.36 ... 44.63 25.31 MercurySystems MRCY ... dd 42.71 –0.21 ...
13.98 11.05 GlobalWaterRscs GWRS 2.5 45 12.02 +0.06.0253 101.50 46.46 LibertyBroadbandC LBRDK ... 15 81.19 +4.69 ...
131.06 84.26 HuronConsulting HURN ... 27 125.07 –1.96 ... 124.90 71.00 Itron ITRI ... 22 106.86 +1.50 ... 17.33 8.26 Meridian MRBK 3.1 16 15.90 +0.59 .125
61.98 35.85 GlobalFoundries GFS ... 31 41.67 –1.43 ... 14.30 8.09 LibertyGlobalA LBTYA ... dd 11.88 +0.19 ...
31.95 6.34 Hut8 HUT ... 13 26.04 –0.88 ... 34.35 24.12 IturanLocation ITRN 4.6 13 33.85 +0.76 .39 108.08 70.70 MeritMedical MMSI ... 51 104.64 +1.74 ...
11.17 6.17 Gogo GOGO ... 21 8.96 +1.11 ... 14.83 8.39 LibertyGlobalC LBTYK ... dd 12.10 +0.09 ...
1.39 0.76 Hyperfine HYPR ... dd .99 +0.01 ... 6.28 0.49 MersanaTherap MRSN ... dd .64 +0.02 ...
2.24 0.40 Gogoro GGR ... dd .45 –0.02 ... J 10.82 5.90 LibertyLatAmA LILA ... dd 6.89 +0.19 ...
I 10.93 5.95 LibertyLatAmC LILAK ... dd 6.84 +0.18 ... 61.61 33.73 Merus MRUS ... dd 41.30 +1.85 ...
44.36 19.94 GolarLNG GLNG 2.5 53 40.14 –1.68 .25 36.35 17.06 JakksPacific JAKK ... 10 28.45 +0.75 ... 149.50 83.68 MesaLabs MLAB .5 dd 140.47 +0.86 .16
39.92 27.42 GoldenEnt GDEN 3.0 27 33.03 +0.80 .25 58.29 39.61 IAC IAC ... dd 42.59 +0.29 ... 180.80 133.23 J&JSnackFoods JJSF 2.3 31 137.48 –6.50 .78 87.42 57.43 LibertyFormOne A FWONA ... dd 84.67 +1.39 ...
0.59 0.04 IB Acqn Rt IBACR ... ... .07 –0.02 ... 72.88 32.55 LibertyLiveA LLYVA ... dd 70.38 +2.15 ... 22.00 1.75 Mesoblast MESO ... dd 18.27 +0.97 ...
15.77 8.52 GoldenOcean GOGL13.5 7 8.89 +0.03 .30 47.82 21.18 JD.com JD 1.8 13 40.72 +1.72 .76 652.00 387.10 MetaPlatforms META .3 30 647.49 +34.72 .50
17.49 2.57 GoldenStarAcqn GODN ... 11 2.91 –9.79 ... 22.52 13.00 IBEX IBEX ... 12 22.29 +0.16 ... 299.50 2.33 J-Long JL .0 cc 6.45 +1.14 1.90 96.90 64.37 LibertyFormOne C FWONK ... dd 92.84 +1.64 ...
179.67 114.99 ICF Intl ICFI .5 22 123.41 –6.03 .14 73.89 33.50 LibertyLiveC LLYVK ... dd 72.02 +1.73 ... 12.74 1.61 Metagenomi MGX ... dd 2.97 +0.36 ...
0.60 0.15 GoldenStarAcqnRt GODNR ... ... .52 +0.12 ... 47.01 27.88 Joyy YY ... 14 46.38 +3.44 ... 14.48 10.96 MetalSkyStar MSSA ... 63 11.86 +0.05 ...
17.72 14.05 GolubCapital GBDC10.0 11 15.58 +0.18 .39 196.26 86.80 ICU Medical ICUI ... dd 172.30 +8.43 ... 189.63 157.00 JackHenry JKHY 1.3 32 173.88 +0.72 .55 52.77 26.00 Life360 LIF ... dd 47.43 +4.06 ...
47.74 22.10 IDEAYA Bio IDYA ... dd 23.62 +1.44 ... 8.90 3.68 LifecoreBiomed LFCR ... dd 6.32 –0.16 ... 0.27 0.04 MetalSkyStarRt MSSAR ... ... .05 ... ...
9.26 4.09 GoodRx GDRX ... dd 4.95 +0.38 ... 80.99 36.36 JackintheBox JACK 4.4 dd 39.62 +0.96 .44 56.43 36.13 Methanex MEOH 1.5 23 50.78 +1.46 .185
14.97 7.27 Goodyear GT ... dd 9.40 +0.02 ... 583.39 398.50 IdexxLab IDXX ... 42 435.33 +16.07 ... 11.49 4.35 JamesRiver JRVR .8 dd 4.90 +0.11 .01 12.88 3.99 LifeMD LFMD ... dd 5.13 +0.23 ...
320.08 81.54 IES Holdings IESC ... 29 285.04 +28.35 ... 9.20 4.64 LifeStanceHealth LFST ... dd 7.97 –0.02 ... 36.15 21.89 MetroCityBkshs MCBS 2.9 12 31.27 –0.47 .23
130.39 50.47 GooseheadIns GSHD .0 cc 100.87 –9.48 5.91 21.41 13.41 JamfHolding JAMF ... dd 14.75 +0.35 ...
22.50 1.59 IGM Biosci IGMS ... dd 1.69 –0.08 ... 11.68 5.25 LifetimeBrands LCUT 2.8 dd 6.00 –0.12.0425 100.57 54.47 MicrochipTech MCHP 3.2 39 56.39 –1.58 .455
3.32 1.03 GoPro GPRO ... dd 1.04 –0.01 ... 71.71 7.79 JanuxTherap JANX ... dd 44.11 +3.39 ...
2.08 0.84 I-Mab IMAB ... dd 1.08 +0.01 ... 28.61 9.93 LifewayFoods LWAY ... 27 23.36 +0.91 ... 157.54 79.15 MicronTech MU .4 30 103.19 –2.56 .115
1.60 0.50 GossamerBio GOSS ... dd .93 –0.03 ... 134.17 99.06 JazzPharm JAZZ ... 18 122.04 +0.86 ...
1.74 0.22 IN8bio INAB ... dd .28 –0.02 ... 129.90 67.72 LigandPharm LGND ... 46 115.03 +3.14 ... 468.35 385.58 Microsoft MSFT .7 37 444.06 +15.03 .83
5.72 2.98 Grab GRAB ... dd 4.57 +0.07 ... 8.31 4.50 JetBlue JBLU ... dd 8.07 +0.43 ...
1.89 0.66 IO Biotech IOBT ... dd .95 +0.11 ... 115.00 79.22 Light&Wonder LNW ... 27 87.10 –2.94 ... 543.00 46.48 MicroStrategy MSTR ... dd 353.67 –42.83 ...
176.77 118.48 GrandCanyonEduc LOPE ... 23 171.59 +1.60 ... 48.81 22.91 JFrog FROG ... dd 34.81 +2.06 ...
104.19 61.86 IPG Photonics IPGP ... dd 74.06 –0.34 ... 29.22 17.37 Limoneira LMNR 1.3 60 22.95 –0.10 .075 2.70 0.80 MicroVision MVIS ... dd 1.72 +0.28 ...
14.00 0.19 GraphjetTech GTI ... dd .35 –0.09 ... 8.58 4.00 Jiayin JFIN 10.4 3 8.43 +1.13 .50
15.92 3.56 IREN IREN ... dd 13.32 +1.33 ... 18.74 8.91 LincolnEduc LINC ... 50 16.03 +0.15 ... 33.87 19.20 MidPennBancorp MPB 2.7 10 29.79 +0.77 .20
11.31 9.55 GreatElmCap GECC13.8 15 10.71 +0.02 .37 49.52 29.98 JohnsonOutdoors JOUT 4.0 dd 32.92 –0.04 .33
26.66 17.54 i3Verticals IIIV ... 5 24.31 +0.60 ... 261.13 169.51 LincolnElectric LECO 1.5 24 197.27 +2.95 .75 16.36 12.26 MidCapFin MFIC11.0 9 13.80 +0.31 .38
2.12 1.70 GreatElm GEG ... dd 1.80 ... ... K
22.59 8.53 IcahnEnterprises IEP 20.4 dd 9.80 +0.41 .50 487.49 396.07 Linde LIN 1.3 33 439.25 +3.25 1.39 169.92 118.41 Middleby MIDD ... 23 169.72 +27.69 ...
12.89 6.55 GreatLakesDredge GLDD ... 13 11.77 –0.25 ...
46.43 26.40 Ichor ICHR ... dd 29.29 –1.55 ... 896.32 581.70 KLA KLAC .9 34 749.82 –7.65 1.70 89.85 52.75 Lineage LINE 3.0 ... 59.96 +1.78.5275 70.73 45.42 MiddlesexWater MSEX 2.8 21 48.68 –2.38 .34
68.02 48.19 GreatSouthernBncp GSBC 2.7 11 58.66 –1.76 .40
11.38 1.03 iClickInteract ICLK ... dd 8.72 –0.27 ... 10.58 4.18 KLX Energy KLXE ... dd 6.00 –0.65 ... 10.55 9.96 LionheartA CUB ... ... 10.12 ... ... 28.10 19.75 MidlandStBncp MSBI 6.2 10 20.00 –4.61 .31
25.24 8.81 GreenPlains GPRE ... dd 9.37 –0.89 ...
347.72 183.38 Icon ICLR ... 22 200.48 +2.37 ... 6.15 4.17 KVH Inds KVHI ... dd 6.12 +0.19 ... 12.84 6.13 LionsgateStudios LION ... dd 7.45 +0.64 ... 34.56 19.43 MidWestOneFin MOFG 3.1 dd 30.99 +0.76.2425
5.45 1.51 GreenidgeGen GREE ... dd 1.71 –0.20 ...
3.04 0.81 iHeartMedia IHRT ... dd 2.42 +0.09 ... 102.42 60.71 KaiserAlum KALU 4.3 25 72.44 –1.24 .77 36.92 13.99 LiquiditySvcs LQDT ... 58 36.81 +2.25 ... 2.75 1.12 MilestonePharm MIST ... dd 2.05 +0.07 ...
15.82 11.08 GreenlightCapRe GLRE ... 5 13.62 –0.50 ...
1.94 1.22 IkenaOncology IKNA ... dd 1.50 ... ... 2.82 0.76 Kaltura KLTR ... dd 2.28 ... ... 275.58 222.91 Littelfuse LFUS 1.2 30 235.01 +1.84 .70 31.73 20.89 MillerKnoll MLKN 3.3 25 22.50 +0.65.1875
9.96 5.30 Grifols GRFS ... 25 7.35 +0.08 ...
156.66 97.27 Illumina ILMN ... dd 136.22 –0.45 ... 16.88 7.30 KalVistaPharm KALV ... dd 8.61 +0.31 ... 64.47 43.15 LivaNova LIVN ... cc 48.15 –0.15 ... 28.75 15.55 MillicomIntl TIGO 3.6 30 27.44 +0.43 1.00
29.19 13.60 GroceryOutlet GO ... 32 16.32 +0.37 ...
13.94 6.54 Immersion IMMR 2.1 4 8.47 –0.16 .245 8.00 4.74 Kamada KMDA ... 26 7.19 +0.03 ... 3.22 0.45 LivePerson LPSN ... dd 1.32 –0.01 ... 2.28 1.70 Mind CTI MNDO11.5 9 2.10 +0.01 .24
19.56 7.75 Groupon GRPN ... 22 10.61 –0.04 ...
7.68 1.00 Immuneering IMRX ... dd 2.06 +0.04 ... 2.98 0.89 KandiTech KNDI ... dd 1.26 +0.11 ... 65.06 1.95 LixiangEduc LXEH ... dd 5.10 +0.18 ... 12.22 3.64 MindMed MNMD ... dd 6.99 –0.17 ...
90.53 59.08 GrAeroportuario OMAB ... 14 79.94 +3.30 ...
2.11 0.92 Immunic IMUX ... dd 1.02 +0.07 ... 22.74 10.57 Kanzhun BZ ... 33 14.84 +0.15 ... 26.00 20.65 LoganRidgeFin LRFC 5.6 dd 24.00 +0.08 .36 16.91 8.58 MineralysTherap MLYS ... dd 9.97 +0.73 ...
49.86 15.81 GuardantHealth GH ... dd 47.21 +10.55 ...
10.53 2.28 ImmunityBio IBRX ... dd 3.17 +0.23 ... 33.14 23.10 KaratPkg KRT 4.5 22 31.42 +1.84 .40 12.30 8.41 LogilitySupply LGTY 3.9 38 11.32 +0.30 .11 49.27 23.14 MirumPharm MIRM ... dd 47.53 +0.58 ...
7.93 4.18 GulfIslandFab GIFI ... 7 7.22 +0.19 ...
76.98 27.69 Immunocore IMCR ... dd 33.00 +3.98 ... 1.95 0.58 KaryopharmTherap KPTI ... dd .70 +0.04 ... 102.59 74.72 LogitechIntl LOGI 1.3 20 91.18 +3.961.3714 15.25 9.54 MissionProduce AVO ... 23 12.08 –0.41 ...
1.79 0.50 GulfResources GURE ... dd .70 +0.04 ...
2.60 0.32 ImmunoPrecise IPA ... dd .58 +0.05 ... 143.72 85.02 Kaspi.kz KSPI 5.7 9 94.74 +1.871.7565 3.65 0.96 LoopIndustries LOOP ... dd 1.20 +0.17 ... 9.45 5.84 MisterCarWash MCW ... 35 7.77 +0.65 ...
H 39.55 22.41 Immunovant IMVT ... dd 23.05 –0.81 ... 23.54 5.08 Katapult KPLT ... dd 9.11 –0.13 ... 3.56 0.22 Lottery.com LTRY ... dd .33 –0.04 ... 34.00 10.48 Mobileye MBLY ... dd 16.54 +0.52 ...
90.66 40.92 H&E Equipment HEES 1.2 22 88.50 +0.38 .275 3.34 1.66 Immutep IMMP ... dd 1.97 +0.04 ... 8.59 5.28 KearnyFinancial KRNY 6.2 dd 7.08 –0.15 .11 17.99 3.05 LotusTech LOT ... dd 3.19 –0.28 ... 3.62 0.55 MobixLabs MOBX ... dd 1.37 +0.11 ...
25.35 17.75 HBT Finl HBT 3.3 10 23.32 +1.07 .21 239.88 95.96 Impinj PI ... cc 136.21 +4.27 ... 11.06 10.37 KeenVisionAcqn KVAC ... 26 11.06 +0.04 ... 39.49 18.21 Lovesac LOVE ... 75 25.85 –0.29 ... 170.47 31.94 Moderna MRNA ... dd 41.41 +7.35 ...
10.48 9.90 HCMIIAcqn HOND ... ... 10.10 +0.05 ... 79.76 36.73 InariMedical NARI ... dd 79.74 +0.19 ... 25.27 12.68 KellyServices A KELYA 2.1 12 14.40 +0.34 .075 4.43 1.93 Lucid LCID ... dd 2.79 –0.28 ... 52.33 4.90 ModivCare MODV ... dd 5.23 –1.26 ...
2.52 0.28 HCW Biologics HCWB ... dd .34 –0.03 ... 8.47 1.50 IncannexHealthcare IXHL ... dd 1.75 –0.18 ... 25.00 13.58 KellyServicesB KELYB 2.1 12 14.20 +0.40 .075 2.13 0.83 Lulu'sFashion LVLU ... dd .88 –0.05 ... 12.70 3.32 MolecularPtrs MOLN ... dd 5.33 –0.23 ...
21.92 11.93 Hutchmed HCM ... dd 13.56 –0.64 ... 83.95 50.35 Incyte INCY ... cc 72.59 +0.66 ... 4.15 2.50 KY FirstFedBncp KFFB ... dd 3.00 –0.04 ... 491.30 226.01 lululemon LULU ... 29 400.03 +26.33 ... 89.06 64.50 MonarchCasino MCRI 1.4 19 84.03 –0.02 .30
3.15 0.27 HWH Intl HWH ... dd .29 –0.11 ... 77.23 45.11 IndependentBank INDB 3.4 15 66.58 –0.46 .57 73.00 9.78 KerosTherap KROS ... dd 11.84 +0.98 ... 104.00 38.28 Lumentum LITE ... dd 95.65 +1.24 ... 324.99 174.75 monday.com MNDY ... cc 248.13 +6.08 ...
42.98 27.03 H World HTHT 3.7 20 32.58 +0.78 .63 40.32 22.53 IndepBankMI IBCP 2.9 11 35.60 +1.18 .26 38.28 28.62 KeurigDrPepper KDP 3.0 19 31.15 –0.47 .23 45.68 4.93 LuminarTech LAZR ... dd 6.42 –0.30 ... 77.20 55.97 Mondelez MDLZ 3.3 20 57.42 –0.44 .47
32.83 20.23 HackettGroup HCKT 1.4 25 30.71 +0.54 .11 23.22 7.33 Indivior INDV ... dd 11.99 +0.34 ... 67.20 27.00 KewauneeSci KEQU ... 10 60.94 –1.06 ... 3.26 0.55 LyellImmuno LYEL ... dd .61 +0.03 ... 3.46 0.85 MoneyHero MNY ... dd 1.10 –0.01 ...
11.68 4.47 HainCelestial HAIN ... dd 5.32 +0.63 ... 5.45 3.15 IndlLogistics ILPT 1.0 dd 3.88 +0.30 .01 6.14 3.60 KeyTronic KTCC ... dd 3.85 –0.10 ... 20.82 8.93 Lyft LYFT ... dd 13.80 +0.39 ... 509.62 212.74 MongoDB MDB ... dd 261.86 +8.75 ...
 January 27, 2025 BARRON’S 43

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.
959.64 546.71 MonolithicPower MPWR .7 76 678.43 +52.61 1.25 18.57 8.91 OP Bancorp OPBK 3.4 10 14.19 –1.50 .12 37.13 14.84 Pennant PNTG ... 40 27.64 +0.18 ... 30.30 17.11 RCM Tech RCMT ... 10 19.11 –0.34 ... 108.96 79.07 Sanfilippo JBSS 1.0 19 89.18 –0.25 1.25
33.98 21.00 Monro MNRO 5.1 27 22.00 +0.36 .28 1.76 0.86 OPKO Health OPK ... dd 1.48 +0.01 ... 34.56 17.01 PennsWoodsBncp PWOD 4.1 12 30.99 +0.32 .32 28.80 6.56 REGENXBIO RGNX ... dd 7.88 +0.51 ... 7.99 2.70 SangomaTechs SANG ... dd 7.60 +0.23 ...
61.23 43.32 MonsterBev MNST ... 31 48.28 –1.14 ... 1283.96 947.49 O'ReillyAuto ORLY ... 31 1254.00 +37.21 ... 37.07 26.74 PeoplesBncpOH PEBO 4.9 10 32.68 +1.38 .40 14.90 6.40 RF Acqn RFACU ... ... 6.40 –6.02 ... 86.05 49.57 Sanmina SANM ... 22 84.01 +1.04 ...
12.40 3.21 MonteRosaTherap GLUE ... dd 5.52 –0.14 ... 200.14 126.57 OSI Systems OSIS ... 26 199.87 +33.31 ... 33.31 23.74 PeoplesBncpNC PEBK 2.7 10 28.56 –0.62 .16 12.90 5.57 RF Acqn A RFAC ... dd 6.93 –4.52 ... 58.97 45.22 Sanofi SNY ... 29 52.48 +1.74 ...
365.00 269.51 Morningstar MORN .6 43 328.77 +1.60 .455 10.04 9.95 OaktreeAcqIIILife OACC ... ... 9.98 ... ... 59.70 36.26 PeoplesFinSvcs PFIS 4.9 50 50.85 +0.42.6175 0.34 0.01 RF Acqn Rt RFACR ... ... .26 –0.02 ... 41.22 25.01 SapiensIntl SPNS 2.2 21 26.35 +0.83 .28
10.40 4.36 MotorcarParts MPAA ... dd 7.12 –0.08 ... 21.56 14.89 OaktreeSpec OCSL14.0 22 15.67 –0.01 .55 19.30 1.87 PepGen PEPG ... dd 1.94 –0.36 ... 10.27 10.00 RFAcqnII RFAI ... ... 10.26 +0.01 ... 173.25 102.16 SareptaTherap SRPT ... 97 116.46 –1.54 ...
5.62 2.87 MuralOncology MURA ... dd 3.95 –0.05 ... 1.40 0.60 Oatly OTLY ... dd .69 ... ... 183.41 141.51 PepsiCo PEP 3.6 22 149.12 +0.871.355 0.11 0.05 RFAcqnIIRt RFAIR ... ... .06 ... ... 5.70 2.60 Savara SVRA ... dd 2.75 –0.18 ...
5.89 0.33 Mynaric MYNA ... dd .58 +0.13 ... 21.87 14.03 OceanFirstFin OCFC 4.3 11 18.81 +0.05 .20 10.25 10.02 PerceptiveCap PCSC ... ... 10.25 +0.05 ... 4.65 2.84 RF Industries RFIL ... dd 4.39 +0.24 ... 53.90 31.01 ScanSource SCSC ... 16 51.02 +0.56 ...
29.30 12.04 MyriadGenetics MYGN ... dd 12.82 +0.43 ... 11.78 4.06 OcularTherapeutix OCUL ... dd 7.97 –0.04 ... 29.47 16.12 PerdoceoEduc PRDO 1.8 14 28.31 +0.64 .13 24.20 17.90 RGC Resources RGCO 4.0 18 20.84 –0.02.2075 12.19 1.41 ScanTechAI STAI ... 9 1.71 –0.04 ...
N 23.08 10.55 Oculis OCS ... dd 22.51 –0.23 ... 27.03 11.12 PerellaWeinberg PWP 1.1 dd 26.07 +0.31 .07 3.41 1.45 RackspaceTech RXT ... dd 2.67 +0.20 ... 46.98 6.76 ScholarRock SRRK ... dd 43.75 +0.62 ...
4.06 0.86 OfficePropIncm OPI 4.4 dd .92 ... .01 4.35 2.29 PerformantHlthcr PHLT ... dd 2.43 +0.12 ... 27.70 10.57 RadiusRecycling RDUS 6.0 dd 12.49 –0.25.1875 40.74 18.57 Scholastic SCHL 3.9 dd 20.44 +0.44 .20
58.09 31.77 Napco Security NSSC 1.4 27 36.54 +1.58 .125 28.00 19.35 OhioValleyBanc OVBC 4.0 9 22.10 –1.30 .22 93.65 35.16 RadNet RDNT ... dd 64.08 +4.22 ...
31.38 7.47 PerionNetwork PERI ... 10 8.95 +0.08 ... 33.63 16.67 Schrodinger SDGR ... dd 24.67 +5.67 ...
52.44 32.79 NBT Bancorp NBTB 2.8 17 48.02 +0.16 .34 114.50 70.56 Okta OKTA ... dd 88.86 +1.57 ... 24.76 16.12 Radware RDWR ... dd 22.01 +0.18 ...
17.58 6.83 Perma-PipeIntl PPIH ... 8 16.07 +1.39 ... 156.34 107.59 ScienceApplicat SAIC 1.4 18 108.96 –6.91 .37
270.73 151.52 NICE NICE ... 25 161.88 –0.52 ... 2.77 1.19 Olaplex OLPX ... 26 1.63 +0.05 ... 13.70 3.80 RainEnhTech RAIN ... dd 3.90 –0.23 ...
7.20 1.12 Personalis PSNL ... dd 6.12 +1.23 ... 6.54 3.08 scPharm SCPH ... dd 3.29 +0.01 ...
17.76 5.40 NIP NIPG ... ... 5.70 –1.44 ... 233.26 165.49 OldDomFreight ODFL .5 33 190.81 +1.26 .26 3.46 0.84 Rallybio RLYB ... dd .88 ... ...
6.29 1.41 PetcoHealth WOOF ... dd 3.85 +0.20 ... 9.35 1.68 ScrippsEW SSP ... dd 2.24 –0.04 ...
42.49 28.73 NMI Holdings NMIH ... 9 38.05 +0.33 ... 7.55 5.29 OldMarketCap OMCC ... dd 6.16 –0.44 ... 7.05 2.90 PetMedExpress PETS ... dd 4.94 –0.17 ... 20.70 8.87 RamacoRscsA METC ... 15 10.14 +0.56 ... 31.68 21.90 SeacoastBkgFL SBCF 2.7 20 26.73 –0.35 .18
5.40 2.38 NN NNBR ... dd 3.11 +0.46 ... 24.17 15.36 OldNatlBncp ONB 2.4 14 23.07 +0.14 .14 13.05 8.83 RamacoRscsB METCB 9.8 13 9.21 +0.10.2364
13.20 6.65 Pharming PHAR ... dd 9.10 –0.91 ... 115.32 82.31 Seagate STX 2.7 20 108.19 +10.52 .72
28.29 17.92 NV5Global NVEE ... 34 18.99 +0.58 ... 19.37 13.00 Old2ndBcp OSBC 1.3 10 18.42 +0.22 .06 73.62 37.42 Rambus RMBS ... 39 62.97 +1.05 ...
33.00 15.21 Pharvaris PHVS ... dd 18.74 +0.38 ... 9.76 5.61 SecureWorks SCWX ... dd 8.47 +0.02 ...
296.08 202.25 NXP Semicon NXPI 1.9 20 213.43 –1.931.014 16.77 4.60 OlemaPharm OLMA ... dd 5.95 +0.29 ... 10.03 9.91 RangeCapAcqn RANG ... ... 9.95 +0.01 ...
19.71 6.07 PhathomPharm PHAT ... dd 6.90 –0.06 ... 13.59 6.19 SecurityNatFin SNFCA ... 11 12.76 +0.43 ...
10.87 10.38 NaborsEnerIIA NETD ... 27 10.84 +0.03 ... 120.03 68.05 Ollie'sBargain OLLI ... 34 112.91 +6.05 ... 0.20 0.14 RangeCapAcqnRt RANGR ... ... .17 –0.01 ...
51.50 42.50 Phenixfin PFX .0 5 48.94 –0.93 1.31 2.63 1.51 Seer SEER ... dd 2.39 +0.10 ...
14.28 5.26 NanoXImaging NNOX ... dd 8.24 –0.17 ... 73.49 30.29 OlympicSteel ZEUS 1.7 16 35.40 +1.68 .15 8.75 1.24 RaniTherap RANI ... dd 1.50 +0.19 ...
25.98 10.04 PhibroAnimal PAHC 2.2 51 21.91 +1.09 .12 109.58 81.00 SelectiveIns SIGI 1.6 25 93.26 –0.02 .38
8.43 2.76 Nanobiotix NBTX ... dd 3.45 +0.42 ... 75.28 37.27 OmegaFlex OFLX 3.3 23 41.60 +0.83 .34 61.88 32.95 Rapid7 RPD ... 61 38.90 +0.06 ...
40.12 30.62 PhillipsEdison PECO 3.4 79 36.62 +0.83.1025 79.52 18.72 Semtech SMTC ... dd 73.02 –1.98 ...
83.77 54.90 Nasdaq NDAQ 1.2 48 81.15 +2.32 .24 4.46 0.45 OmegaTherap OMGA ... dd .51 –0.04 ... 29.74 12.09 RapportTherap RAPP ... ... 13.90 +1.21 ...
34.16 20.25 Photronics PLAB ... 11 23.31 –1.26 ... 81.39 43.89 SenecaFoods A SENEA ... 13 74.41 +1.01 ...
183.00 62.96 Natera NTRA ... dd 167.61 +9.25 ... 13.60 2.61 Omeros OMER ... dd 8.37 –0.96 ... 11.38 1.52 RealReal REAL ... dd 9.47 –0.05 ...
55.50 26.52 Pilgrim'sPride PPC ... 11 45.57 +0.27 ... 79.80 45.00 SenecaFoods B SENEB ... 12 71.70 +0.23 ...
94.97 63.01 Nathan's NATH 2.5 15 79.78 +1.70 .50 6.55 3.11 OmniAb OABI ... dd 3.20 –0.01 ... 15.74 5.60 RecursionPharm RXRX ... dd 7.33 +0.80 ...
131.91 73.62 PinnacleFinPtrs PNFP .8 21 123.28 +3.37 .24 3.89 1.08 SenstarTech SNT ... 73 3.89 +0.53 ...
53.48 41.63 NationalBeverage FIZZ .0 21 42.25 –0.25 3.25 55.75 25.12 Omnicell OMCL ... dd 43.63 +1.06 ... 62.13 42.78 RedRiverBcshs RRBI .7 11 54.15 +1.41 .09
1.27 0.71 PintecTech PT ... dd .95 –0.05 ... 28.99 15.86 Septerna SEPN ... ... 18.48 +1.59 ...
7.60 3.66 NatlCineMedia NCMI ... dd 6.90 +0.10 ... 11.42 7.01 1-800-FLOWERS FLWS ... dd 8.95 +0.81 ... 11.03 2.97 RedRobin RRGB ... dd 6.32 +0.76 ...
3.08 0.61 Pixelworks PXLW ... dd .88 +0.07 ... 12.36 4.98 SeraPrognostics SERA ... dd 6.55 +0.13 ...
42.00 16.50 NatlResearch NRC 2.7 16 17.96 +0.55 .12 4.47 3.12 180DegreeCap TURN ... dd 3.78 –0.19 ... 63.29 42.46 RedRockResorts RRR 2.2 20 46.32 –0.41 .25
21.00 15.03 PlainsAllAmPipe PAA 7.5 18 20.39 +0.33 .38 1.53 0.54 SeresTherap MCRB ... dd .86 +0.09 ...
24.11 9.56 NationalVision EYE ... dd 11.30 +0.50 ... 15.80 4.14 111 YI ... dd 5.28 +1.02 ... 15.29 5.10 Redfin RDFN ... dd 7.90 +0.21 ...
22.31 15.79 PlainsGP PAGP 7.0 26 21.76 +0.33 .38 8.01 2.29 ServiceProperties SVC 1.5 dd 2.74 +0.14 .01
7.26 4.02 NaturalAlt NAII ... dd 4.23 +0.02 ... 6.30 3.37 1stdibs.com DIBS ... dd 3.62 ... ... 76.53 56.51 RegencyCtrs REG 3.9 34 71.77 +0.55 .705
12.81 6.95 PlayaHotels PLYA ... 26 12.25 –0.25 ... 112.00 91.04 ServiceTitan TTAN ... dd 97.94 –0.18 ...
3.10 1.61 NautilusBiotech NAUT ... dd 1.92 –0.01 ... 35.39 24.50 OneStream OS ... dd 30.37 +1.73 ... 1211.20 666.25 RegenPharm REGN ... 17 675.79 –5.79 ...
3.04 1.20 Playstudios MYPS ... dd 1.87 +0.10 ... 3.20 1.50 17Educ&Tech YQ ... dd 1.92 +0.26 ...
18.36 12.73 Navient NAVI 4.4 21 14.57 +0.65 .16 31.36 14.29 OneWaterMarine ONEW ... dd 17.07 +1.17 ... 35.50 3.87 Regis RGS ... 1 24.76 +0.26 ...
9.15 6.25 Playtika PLTK 5.6 12 7.12 +0.12 .10 11.76 0.94 ShattuckLabs STTK ... dd 1.16 +0.05 ...
7.40 1.75 NavitasSemi NVTS ... dd 3.45 +0.19 ... 20.00 5.05 OnKureTherap OKUR ... dd 5.66 –0.13 ... 11.16 3.50 RelayTherap RLAY ... dd 4.85 +0.39 ...
172.89 90.18 Plexus PLXS ... 35 152.49 –14.87 ... 22.27 11.07 ShenandoahTel SHEN .9 dd 11.52 –0.16 .10
37.19 20.31 Nayax NYAX ... dd 33.08 –2.60 ... 8.43 4.57 OpenLending LPRO ... cc 5.16 +0.02 ... 7.22 0.34 RelmadaTherap RLMD ... dd .39 +0.02 ...
18.92 10.22 PliantTherap PLRX ... dd 10.92 –0.29 ... 17.50 4.07 ShoalsTech SHLS ... 24 4.73 +0.10 ...
43.20 28.09 nCino NCNO ... dd 32.57 –0.67 ... 45.47 26.84 OpenText OTEX 3.6 17 28.84 +1.06.2625 23.74 11.60 RemitlyGlobal RELY ... dd 23.02 –0.24 ...
2.33 0.61 PolestarAuto PSNY ... dd 1.04 –0.05 ... 46.92 25.38 ShoeCarnival SCVL 1.8 11 29.25 –0.70 .135
43.66 14.09 NebiusA NBIS ... dd 41.69 +5.65 ... 3.78 1.33 OpendoorTech OPEN ... dd 1.40 –0.04 ... 7.49 5.15 ReNewEnergy RNW ... 76 6.72 –0.06 ...
13.43 7.89 PonceFinl PDLB ... 36 13.07 –0.04 ... 17.61 10.06 ShoreBancshares SHBI 3.1 13 15.57 +0.08 .12
18.58 10.72 Neogen NEOG ... dd 11.47 –0.09 ... 20.70 10.11 Opera OPRA 4.3 9 18.16 –0.12 .40 41.81 4.46 RenttheRunway RENT ... dd 8.50 –0.06 ...
16.32 11.90 PonyAI PONY ... dd 13.19 –0.45 ... 17.56 9.81 Shyft SHYF 1.6 dd 12.13 –0.29 .05
17.30 10.10 NerdWallet NRDS ... dd 13.75 –0.47 ... 4.60 2.05 OportunFin OPRT ... dd 3.83 –0.10 ... 8.49 1.16 RepareTherap RPTX ... dd 1.22 –0.06 ...
422.73 293.51 Pool POOL 1.4 30 353.74 +3.48 1.20 35.13 17.69 SierraBancorp BSRR 3.2 12 29.75 +0.38 .24
135.45 83.80 NetApp NTAP 1.7 23 126.00 +3.91 .52 5.45 1.79 Opthea OPT ... dd 4.89 +1.00 ... 211.13 113.50 Repligen RGEN ... dd 165.89 +5.38 ...
105.01 80.60 Popular BPOP 2.8 14 101.58 +1.94 .70 8.45 2.68 SightSciences SGHT ... dd 2.93 +0.10 ...
114.50 75.85 NetEase NTES 2.4 18 103.18 +3.42 .435 7.00 2.02 OpticalCable OCC ... dd 6.13 +1.27 ... 17.00 4.92 Replimune REPL ... dd 13.59 +3.45 ...
16.17 8.38 Portillo's PTLO ... 30 12.49 +0.75 ... 27.72 4.82 SilenceTherap SLN ... dd 5.69 +0.57 ...
999.00 542.01 Netflix NFLX ... 49 977.59 +119.49 ... 31.50 4.82 Optinose OPTN ... dd 6.55 +0.17 ... 80.68 46.55 RepublicBcpKYA RBCAA 2.7 13 66.99 –1.44 .451
20.84 15.94 PortmanRidge PTMN16.5 44 16.68 +0.26 .69 122.02 0.65 SilexionTherap SLXN ... dd .66 –0.22 ...
31.55 10.48 Netgear NTGR ... 43 27.85 +0.68 ... 34.63 21.39 OptionCare OPCH ... 25 30.33 +1.17 ... 9.83 5.95 ReservoirMedia RSVR ... dd 8.15 +0.24 ...
14.36 6.28 Potbelly PBPB ... 10 12.35 +1.86 ... 18.24 11.35 Silicom SILC ... dd 17.38 +0.49 ...
24.32 17.10 NetScout NTCT ... dd 22.93 +0.78 ... 8.04 3.52 OraSureTechs OSUR ... 27 4.01 +0.36 ... 14.29 7.90 ResourcesConnect RGP 6.5 dd 8.62 +0.12 .14 154.91 94.00 SiliconLabs SLAB ... dd 135.53 +0.78 ...
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

21.00 1.83 NeumoraTherap NMRA ... dd 2.12 +0.07 ... 47.65 37.06 PotlatchDelt PCH 4.3 cc 41.71 –0.61 .45
8.87 3.96 OrchestraBioMed OBIO ... dd 5.33 +0.05 ... 17.52 11.87 RetailOppor ROIC 3.4 38 17.44 –0.01 .15 85.87 48.81 SiliconMotion SIMO 3.8 20 52.81 +0.85 .50
16.08 2.12 NeuphoriaTherap NEUP ... dd 4.39 +1.24 ... 364.98 76.29 PowellIndustries POWL .4 24 290.80 +29.46 .265
2.91 1.31 OrganiGram OGI ... dd 1.58 +0.03 ... 7.56 2.30 RevanceTherap RVNC ... dd 3.65 –0.03 ... 21.59 6.14 Silvaco SVCO ... dd 9.80 +1.59 ...
157.98 110.95 Neurocrine NBIX ... 40 148.73 +5.47 ... 85.00 56.63 PowerIntegrations POWI 1.4 95 61.93 –0.29 .21
16.65 6.33 OricPharm ORIC ... dd 10.33 +0.75 ... 62.40 26.95 RevolutionMed RVMD ... dd 40.99 +0.70 ... 19.20 13.93 SilvercrestAsset SAMG 4.4 23 18.12 +0.13 .20
74.49 14.42 Neurogene NGNE ... dd 15.06 –1.54 ... 7.38 2.85 PowerFleet AIOT ... dd 6.35 +0.31 ...
20.73 12.08 OrthofixMed OFIX ... dd 18.35 +0.22 ... 32.65 25.88 ReynoldsCnsmr REYN 3.3 16 27.50 +0.41 .23 25.95 16.03 SimmonsFirstNat SFNC 3.7 19 22.53 –0.19 .21
5.07 0.52 Neuronetics STIM ... dd 2.44 –0.02 ... 14.47 10.91 PowerUpAcqn PWUP ... dd 12.11 +0.64 ...
35.99 21.02 OrthoPediatrics KIDS ... dd 26.39 –0.77 ... 14.50 1.57 RezolveAI RZLV ... dd 2.87 +0.03 ... 51.22 24.00 SimulationsPlus SLP .0 84 33.78 +3.86 .06
18.15 5.45 NeuroPace NPCE ... dd 14.69 +2.72 ... 86.93 33.01 PraxisPrecision PRAX ... dd 77.11 +6.57 ...
53.88 11.95 OrukaTherap ORKA .0 dd 12.19 –0.06 1.59 68.58 35.17 RhythmPharm RYTM ... dd 57.78 +3.24 ... 18.45 11.13 Sinclair SBGI 6.7 dd 15.02 +0.27 .25
12.29 2.21 NewEraHelium NEHC ... dd 2.94 –0.05 ... 1.93 0.65 Precigen PGEN ... dd 1.39 +0.28 ...
100.84 71.66 OtterTail OTTR 2.4 11 77.58 –1.85.4675 4.39 2.47 RibbonComms RBBN ... dd 4.11 +0.08 ... 54.20 20.47 SiriusXM SIRI 4.8 dd 21.96 –0.31 .27
35.58 7.82 NewFortressEner NFE 2.6 17 15.36 –0.93 .10 99.78 66.88 PreferredBkLA PFBC 3.5 9 86.04 –1.14 .75
16.88 4.65 Ouster OUST ... dd 10.46 –0.14 ... 15.51 8.08 RichardsonElec RELL 1.8 cc 13.12 –0.44 .06 268.18 72.39 SiTime SITM ... dd 247.61 –3.36 ...
13.09 10.62 NewMtnFin NMFC 11.1 11 11.54 +0.27 .01 145.28 109.01 PreformedLine PLPC .6 21 141.80 +15.90 .20
7.87 3.42 Outbrain OB ... dd 6.34 –0.13 ... 29.82 7.48 RigelPharm RIGL ... cc 22.17 +2.04 ... 19.41 2.26 SkyeBioscience SKYE ... dd 2.78 +0.12 ...
8.51 5.14 NY Mortgage NYMT13.5 dd 5.92 –0.05 .20 6.80 0.80 PreludeTherap PRLD ... dd 1.22 +0.17 ...
5.22 0.44 OutsetMedical OM ... dd .85 +0.06 ... 3.43 1.53 RiminiStreet RMNI ... dd 2.99 +0.17 ... 55.62 29.40 SkywardSpecIns SKWD ... 13 42.15 –2.75 ...
27.29 15.19 NewAmstPharma NAMS ... ... 23.60 +0.05 ... 29.63 18.63 PremierFinl PFC 4.5 14 27.30 +2.16 .31
4.10 0.68 OvidTherap OVID ... dd .73 –0.01 ... 5.89 3.30 RiverviewBncp RVSB 1.4 cc 5.67 +0.03 .02 117.51 52.78 SkyWest SKYW ... 19 114.11 +4.82 ...
9.97 9.88 NewburyStII A NTWO ... ... 9.94 ... ... 23.56 17.95 Premier PINC 3.8 16 22.39 –0.04 .21
5.78 4.95 OxfordLane OXLC21.1 6 5.12 +0.04 .09 18.86 8.26 Rivian RIVN ... dd 12.77 –1.44 ... 120.86 82.13 Skyworks SWKS 3.1 25 91.20 –2.44 .70
11.78 5.39 NewellBrands NWL 2.6 dd 10.66 +0.54 .07 7.84 2.85 Prenetics PRE ... dd 5.52 –0.14 ...
3.29 2.40 OxfordSquare OXSQ15.7 dd 2.67 +0.06 .035 7.17 0.71 Roadzen RDZN ... dd 1.66 +0.14 ...
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

99.23 74.74 PriceSmart PSMT 1.3 22 90.79 +3.49 .58 20.75 8.13 SleepNumber SNBR ... dd 18.82 +2.47 ...
17.24 0.24 NewGenIvf NIVF ... ... .26 –0.08 ... 52.06 10.51 Robinhood HOOD ... 87 51.12 +2.97 ...
PQ 9.77 2.56 PrimeMedicine PRME ... dd 3.15 +0.26 ... 2.80 1.70 SmartSand SND .0 dd 2.63 +0.19 .10
16.10 9.44 Newmark NMRK .9 46 13.85 +0.56 .03 31.47 10.07 RocketPharm RCKT ... dd 10.71 +0.40 ...
23.70 13.51 PAMT PAMT ... dd 16.38 –0.26 ... 13.69 9.52 PrimisFinl FRST 3.5 dd 11.36 +0.05 .10 18.05 9.68 Smith&Wesson SWBI 4.9 14 10.59 +0.26 .13
30.04 22.65 NewsCorp A NWSA .7 45 28.08 +0.65 .10 40.14 19.65 RockyBrands RCKY 2.4 14 25.55 +1.38 .155
22.20 14.50 PCB Bancorp PCB 3.8 11 18.91 –0.56 .18 39.35 29.02 PrincetonBncp BPRN 3.7 20 32.65 –0.48 .30 1.42 0.66 SoYoungIntl SY .0 19 .93 ... .06
32.87 23.99 NewsCorp B NWS .6 51 31.58 +1.18 .10 4.74 1.50 RockyMtnChoc RMCF ... dd 2.01 +0.04 ...
77.19 57.47 PCConnection CNXN .5 21 72.85 +1.63 .10 91.98 72.21 PrincipalFinl PFG 3.6 dd 81.83 +0.17 .73 18.42 6.01 SoFiTech SOFI ... cc 17.92 +1.42 ...
15.49 10.07 NewtekOne NEWT 5.8 7 13.18 +0.16 .19 13.06 9.69 RoivantSciences ROIV ... 2 11.17 +0.02 ...
164.69 88.01 PDD PDD ... 11 111.34 +5.77 ... 23.49 15.92 PriviaHealth PRVA ... cc 22.58 +0.34 ... 17.24 8.79 Sohu.com SOHU ... dd 12.84 –0.07 ...
191.86 147.25 NexstarMedia NXST 4.3 9 157.72 +4.86 1.69 99.80 48.33 Roku ROKU ... dd 81.29 +5.40 ...
39.70 26.60 PDF Solutions PDFS ... cc 27.55 –0.33 ... 4.28 0.50 Procaps PROC ... ... 1.65 –0.06 ... 7.50 1.95 SolarBank SUUN ... dd 2.45 +0.22 ...
2.57 0.76 NextCure NXTC ... dd .82 +0.03 ... 118.15 7.22 Root ROOT ... dd 83.32 –1.99 ...
24.07 13.50 PENN Entmt PENN ... dd 20.20 +0.18 ... 21.01 7.24 ProficientAuto PAL ... ... 10.31 +0.09 ... 87.98 10.24 SolarEdgeTech SEDG ... dd 14.68 +0.77 ...
62.31 30.93 Nextracker NXT ... 11 41.00 –3.19 ... 580.09 499.47 RoperTech ROP .6 39 531.37 +9.05 .825
1.99 0.52 PLBY Group PLBY ... dd 1.82 ... ... 9.75 5.16 ProFrac ACDC ... dd 8.50 –0.41 ... 15.88 0.60 SolarmaxTech SMXT ... dd 1.78 +0.20 ...
10.94 4.61 NexxenIntl NEXN ... 50 9.37 –0.89 ... 163.60 127.53 RossStores ROST 1.0 23 149.28 +0.13.3675
2.26 1.32 PMV Pharm PMVP ... dd 1.37 ... ... 70.56 48.00 ProgressSoftware PRGS 1.3 34 53.00 –9.94 .175 15.05 2.97 SolidBiosci SLDB ... dd 3.21 –0.06 ...
34.50 0.76 Nikola NKLA ... dd .91 –0.43 ... 155.10 100.55 RoyalGold RGLD 1.3 32 139.44 +0.90 .45
31.43 18.64 PRA Group PRAA ... 20 21.72 +0.41 ... 42.08 13.39 Progyny PGNY ... 38 22.09 +1.09 ... 2.70 1.00 SolidPower SLDP ... dd 1.54 –0.12 ...
3.75 1.13 9F JFU ... 16 1.51 –0.01 ... 31.66 24.05 RoyaltyPharma RPRX 2.8 12 31.06 +0.31 .22
103.81 45.20 ProceptBio PRCT ... dd 73.46 –2.56 ... 6.22 4.09 ProspectCapital PSEC12.3 dd 4.38 +0.05.045 10.74 0.27 SolidionTech STI ... dd .47 +0.03 ...
7.91 1.81 908Devices MASS ... dd 2.61 –0.37 ... 65.15 40.99 RushEnt A RUSHA 1.2 16 61.14 +1.01 .18
203.09 163.30 PTC PTC ... 61 188.96 +1.17 ... 48.89 24.22 ProtagonistTherap PTGX ... 14 37.69 +0.87 ... 10.50 0.88 Sonder SOND ... dd 3.40 –0.03 ...
3.50 1.57 NiuTech NIU ... dd 1.99 +0.09 ... 58.61 37.85 RushEnt B RUSHB 1.3 15 57.01 +1.90 .18
54.16 23.58 PTC Therap PTCT ... dd 46.45 +2.61 ... 10.48 1.60 ProtaraTherap TARA ... dd 4.53 –0.02 ... 19.76 10.23 Sonos SONO ... dd 13.93 –0.07 ...
16.24 2.08 Nkarta NKTX ... dd 2.49 +0.02 ... 66.54 26.29 RxSight RXST ... dd 32.48 +2.09 ...
125.50 90.04 Paccar PCAR 1.2 12 109.90 –0.43 .33 33.84 11.70 Prothena PRTA ... dd 15.62 +1.85 ... 7.37 2.70 SophiaGenetics SOPH ... dd 4.20 +1.08 ...
4.06 0.20 NKGenBiotech NKGN ... dd .52 +0.08 ... 60.29 36.96 Ryanair RYAAY ... 6 46.14 +4.49 ...
7.50 1.16 PacBiosciCA PACB ... dd 1.69 +0.05 ... 16.70 12.01 ProvidentFin PROV 3.5 15 15.80 +0.93 .14 17.44 10.71 SoteraHealth SHC ... 55 13.65 +0.67 ...
14.75 9.15 nLIGHT LASR ... dd 11.85 +0.75 ... S
30.28 20.52 PacificPremBncp PPBI 5.3 15 24.97 +0.39 .33 25.36 13.18 PubMatic PUBM ... 49 14.97 +0.45 ... 1.54 0.81 SotherlyHotels SOHO ... dd .85 –0.03 ...
2.81 0.55 Noodles NDLS ... dd 1.39 +0.53 ...
34.01 11.16 PaciraBioSci PCRX ... dd 24.52 +2.16 ... 14.84 5.46 Pulmonx LUNG ... dd 6.11 –0.15 ... 45.79 28.83 S&T Bancorp STBA 3.6 11 37.37 –0.01 .34 24.98 1.62 SoundHoundAI SOUN ... dd 15.84 +2.20 ...
279.38 196.83 Nordson NDSN 1.4 27 218.07 +1.69 .78
17.81 8.83 PactivEvergreen PTVE 2.3 dd 17.77 +0.21 .10 7.73 2.23 PumaBiotech PBYI ... 6 2.96 –0.01 ... 252.64 183.64 SBA Comm SBAC 2.0 31 196.83 –6.78 .98 40.91 24.05 SouthPlainsFin SPFI 1.6 14 36.75 +1.75 .15
105.44 49.07 NortheastBank NBN .0 13 101.42 +0.52 .01
84.80 16.03 PalantirTech PLTR ... cc 78.98 +7.21 ... 34.00 17.00 PureTechHealth PRTC ... dd 18.50 +1.00 ... 36.52 4.95 SBCMedical SBC ... dd 5.00 –0.03 ... 45.91 24.98 SouthernFirstBcsh SFST ... 21 36.58 –0.40 ...
19.63 11.70 NorthernTechsIntl NTIC 2.3 23 12.06 –0.84 .07
14.95 0.45 PalladyneAI PDYN ... dd 9.86 +2.17 ... 2.33 0.75 PurpleInnovation PRPL ... dd 1.25 +0.30 ... 11.50 1.98 Schmid SHMD ... ... 2.16 –0.31 ... 68.69 39.00 SoMO Bancorp SMBC 1.6 13 57.21 +0.80 .23
111.87 76.67 NorthernTrust NTRS 2.7 11 110.92 +4.05 .75
207.24 130.04 PaloAltoNtwks PANW ... 49 187.70 +10.59 ... 6.85 1.39 PyxisOncology PYXS ... dd 1.60 +0.10 ... 3.07 0.90 SCYNEXIS SCYX ... dd 1.07 –0.05 ... 39.16 22.13 SouthernStBcsh SSBK 1.1 9 32.90 –1.21 .09
14.39 6.98 NorthfieldBanc NFBK 4.5 16 11.66 +0.14 .13
112.90 57.55 Palomar PLMR ... 25 103.49 –6.88 ... 96.08 54.37 QCR Holdings QCRH .3 12 78.75 –1.95 .06 87.25 62.38 SEI Investments SEIC 1.1 20 84.88 +1.40 .49 11.95 10.19 SparkIAcqnA SPKL ... 57 10.69 +0.02 ...
91.72 43.92 NorthrimBanCorp NRIM 3.1 14 80.17 +1.73 .62
78.29 35.28 PapaJohn's PZZA 4.7 14 38.97 +2.96 .46 14.40 0.35 QT Imaging QTI ... dd .51 +0.04 ... 21.64 11.70 SI-BONE SIBN ... dd 16.25 –0.44 ... 23.00 17.30 SpartanNash SPTN 4.9 13 17.92 –0.09.2175
15.42 10.45 NorthwestBcshs NWBI 6.1 17 13.19 +0.03 .20
26.34 16.59 ParamountA PARAA .9 dd 22.71 +0.07 .05 53.79 2.99 Q32Bio QTTB ... dd 3.52 +0.24 ... 12.83 4.26 SIGA Tech SIGA .0 5 6.45 +0.23 .60 1.89 0.83 SperoTherap SPRO ... 11 .87 –0.04 ...
57.76 28.50 NorthwestPipe NWPX ... 17 49.44 –0.34 ...
15.70 9.54 ParamountB PARA 1.8 dd 11.07 +0.80 .05 40.31 13.71 QifuTechnology QFIN 2.9 8 39.93 +1.56 .60 10.11 9.95 SIMAcqnIA SIMA ... ... 10.08 +0.01 ... 18.14 13.24 SpokHoldings SPOK 7.6 23 16.38 +0.46.3125
57.49 46.15 NorthWesternEner NWE 4.8 15 54.13 –0.27 .65
34.50 22.74 Park-Ohio PKOH 2.0 20 24.70 –0.25 .125 130.99 64.54 Qorvo QRVO ... dd 88.94 +4.73 ... 62.18 44.91 SJW Group SJW 3.5 17 46.07 –1.96 .40 20.92 9.17 Sportradar SRAD ... cc 20.75 +0.71 ...
34.50 23.50 NorwoodFin NWFL 4.8 16 26.01 –0.24 .31
1.79 0.45 PassageBio PASG ... dd .61 +0.01 ... 230.63 139.26 Qualcomm QCOM 2.0 19 172.11 +7.55 .85 12.32 10.80 SKGrowthOppsA SKGR ... 52 11.62 ... ... 4.44 1.81 SportsmansWrhs SPWH ... dd 2.25 +0.08 ...
266.13 142.53 Nova NVMI ... 47 252.38 +7.47 ...
187.12 143.18 Novanta NOVT ... 89 148.85 –0.78 ... 86.00 46.68 PathwardFinl CASH .3 12 79.77 +2.03 .05 193.50 119.17 Qualys QLYS ... 32 143.14 +6.17 ... 31.49 18.84 SLM SLM 1.8 10 29.01 +1.03 .13 11.70 10.87 SpringValleyII A SVII ... 32 11.35 +0.08 ...
16.16 10.63 PatriaInvts PAX 7.2 22 12.13 +0.48 .15 6.22 1.47 QuantaSing QSG .0 3 2.51 +0.39 .201 16.91 14.41 SLR Invt SLRC 9.8 9 16.69 –0.06 .41 0.16 0.05 SpringValleyII Rt SVIIR ... ... .09 ... ...
23.86 3.53 Novavax NVAX ... dd 9.22 +0.82 ...
12.06 11.14 PatriaLatAm PLAO ... 31 11.69 +0.05 ... 29.70 8.21 Quanterix QTRX ... dd 9.57 +0.70 ... 218.74 160.58 SPS Commerce SPSC ... 92 191.56 +0.56 ... 53.92 28.21 SpringWorks SWTX ... dd 36.16 +1.53 ...
34.13 11.70 Novocure NVCR ... dd 26.33 +0.16 ...
98.90 66.29 PatrickIndustries PATK 1.7 20 94.59 +1.87.6667 90.64 2.22 Quantum QMCO ... dd 32.57 –0.03 ... 80.67 59.53 SS&C Tech SSNC 1.3 29 79.98 +1.48 .25 155.64 49.49 SproutsFarmers SFM ... 42 146.75 +7.50 ...
3.10 1.40 Novonix NVX ... dd 1.61 –0.18 ...
4.70 1.38 PatriotNatBncp PNBK ... dd 1.61 –0.19 ... 5.77 0.61 Quantum-Si QSI ... dd 2.30 +0.06 ... 9.85 3.76 SSR Mining SSRM ... dd 8.02 +0.40 ... 47.97 20.07 SpyreTherapeutics SYRE ... 2 21.60 +0.98 ...
78.32 1.30 Nukkleus NUKK ... ... 29.14 –0.36 ...
31.79 19.45 Patterson PDCO 3.4 18 30.93 +0.03 .26 11.55 10.15 QuettaAcqn QETA ... 41 10.56 –0.01 ... 18.49 15.14 SWK Holdings SWKH ... 18 16.31 –0.08 ... 52.68 21.13 StaarSurgical STAA ... 56 24.45 +2.16 ...
29.56 7.65 NurixTherap NRIX ... dd 19.93 +0.79 ...
12.65 7.15 PattersonUTIEn PTEN 3.7 dd 8.75 –0.54 .08 2.04 1.00 QuettaAcqnRt QETAR ... ... 1.99 +0.14 ... 26.72 24.75 SWPGrowth&Incm SWP ... ... 26.43 +0.67 ... 8.18 4.88 Stagwell STGW ... cc 6.51 –0.02 ...
75.80 43.35 Nutanix NTNX ... dd 64.69 –0.45 ...
150.71 114.72 Paychex PAYX 2.7 31 146.11 –0.18 .98 2.27 0.25 Quhuo QH ... dd 1.36 +0.04 ... 20.03 12.83 SabraHealthcare SBRA 7.1 41 16.92 –0.02 .30 3.04 1.21 StdBioTools LAB ... dd 1.65 –0.12 ...
113.51 61.80 Nuvalent NUVL ... dd 82.23 +6.39 ...
23.49 10.92 PaycorHCM PYCR ... dd 22.22 +0.12 ... 4.60 1.81 Sabre SABR ... dd 3.42 +0.08 ... 27.47 14.30 StarBulkCarriers SBLK16.9 5 14.81 +0.13 .60
26.15 24.99 NuvPfd&Incm NPFI 4.9 ... 25.70 +0.09.2078 71.57 29.74 QuidelOrtho QDEL ... dd 44.24 +2.50 ...
215.68 129.94 Paylocity PCTY ... 53 206.50 +9.50 ... 90.00 73.38 SafetyInsurance SAFT 4.6 15 77.47 –1.89 .90 5.35 2.06 StarEquity STRR ... dd 2.19 –0.10 ...
153.13 60.57 NVIDIA NVDA .0 56 142.62 +4.91 .01 2.45 0.51 QuinceTherap QNCX ... dd 1.59 –0.07 ...
11.29 4.22 Payoneer PAYO ... 29 10.19 –0.63 ... 24.70 10.75 SagaComm SGA 8.0 17 12.53 +0.58 .25 14.50 8.26 Star STHO ... 1 8.89 –0.14 ...
20.00 6.76 Nyxoah NYXH ... dd 10.81 –0.10 ... 26.27 12.19 QuinStreet QNST ... dd 21.59 –0.91 ...
93.66 55.77 PayPal PYPL ... 21 89.11 –2.70 ... 27.39 4.62 SageTherap SAGE ... dd 7.10 +0.02 ... 103.32 71.55 Starbucks SBUX 2.5 30 98.81 +3.68 .61
O 37.88 20.30 PeapackGladFin PGC .6 18 32.14 +0.33 .05 R 13.24 2.39 Sagimet SGMT ... dd 4.20 –0.19 ... 28.38 1.11 StardustPower SDST ... dd 1.20 –0.84 ...
51.00 30.34 OddityTech ODD ... 27 44.31 –0.56 ... 109.88 47.82 Pegasystems PEGA .1 79 108.11 +4.82 .03 27.35 0.79 RaptTherap RAPT ... dd 1.18 –0.02 ... 628.34 358.90 Saia SAIA ... 35 494.30 +7.41 ... 8.84 4.82 StealthGas GASS ... 3 5.73 –0.13 ...
58.13 21.52 ODP ODP ... dd 22.49 –2.29 ... 10.90 2.70 Peloton PTON ... dd 8.40 +0.13 ... 25.30 16.49 RBB Bancorp RBB 3.3 11 19.55 –0.54 .16 12.00 1.52 SanaBiotech SANA ... dd 3.38 +0.22 ... 155.56 104.60 SteelDynamics STLD 1.5 12 122.35 –3.48 .46
85.16 53.10 ON Semi ON ... 14 54.50 –0.13 ... 29.81 14.87 PenguinSolutions PENG ... ... 20.62 +0.11 ... 63.64 37.61 RCI Hospitality RICK .5 cc 57.13 +4.81 .07 39.55 19.52 SandySpringBncp SASR 4.2 17 32.75 –1.12 .34 70.38 32.33 StepStone STEP 1.5 cc 64.41 +2.84 .24
 44 BARRON’S January 27, 2025

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.
206.07 73.23 SterlingInfr STRL ... 32 187.30 +4.79 ... 15.98 3.92 TreaceMed TMCI ... dd 9.22 +0.51 ... 13.62 9.93 Viatris VTRS 4.3 dd 11.20 –0.10 .12 40.59 24.11 WashTrBcp WASH 6.9 12 32.47 –0.36 .56 35.00 19.50 XOMARoyalty XOMA ... dd 26.70 –0.06 ...
50.01 37.99 StevenMadden SHOO 2.0 18 41.50 +0.38 .21 4.68 1.34 TreviTherap TRVI ... dd 3.91 +0.15 ... 11.49 6.60 ViaviSolutions VIAV ... dd 10.49 +0.27 ... 16.86 10.60 WaterstoneFinl WSBF 4.5 18 13.26 +0.06 .15 26.51 10.82 XP XP 20.6 8 12.79 +0.80 .65
6.99 2.06 StitchFix SFIX ... dd 4.80 –0.25 ... 51.06 31.73 TriCoBancshares TCBK 3.0 13 43.69 +0.74 .33 62.00 30.90 Vicor VICR ... cc 57.30 +5.76 ... 40.20 20.26 Waystar WAY ... dd 39.05 +1.58 ... 9.96 3.51 XBiotech XBIT ... dd 3.65 –0.17 ...
79.79 42.35 StockYardsBncp SYBT 1.7 19 75.00 +1.88 .31 28.51 22.24 TriMas TRS .6 39 25.40 +1.16 .04 73.42 33.39 VictoryCapital VCTR 2.3 16 66.25 +0.07 .44 135.00 66.23 WeatherfordIntl WFRD 1.4 10 70.23 –3.76 .25 73.38 46.79 XcelEnergy XEL 3.3 20 66.61 –0.11.5475
17.58 4.09 StokeTherap STOK ... dd 10.62 +1.26 ... 77.78 48.65 Trimble TRMB ... 13 77.42 +2.50 ... 6.06 1.49 VigilNeurosci VIGL ... dd 2.20 +0.27 ... 12.40 7.03 Weibo WB .0 7 9.79 +0.06 .80 27.24 15.31 Xencor XNCR ... dd 19.65 +0.41 ...
19.46 7.72 StoneCo STNE ... 7 8.69 +0.13 ... 3.55 0.75 TrinityBiotech TRIB ... dd .78 –0.05 ... 99.41 20.92 VikingTherap VKTX ... dd 34.50 +1.85 ... 20.65 13.98 Wendy's WEN 7.0 15 14.30 –0.30 .25 50.99 35.53 XenonPharm XENE ... dd 39.95 +1.43 ...
110.96 61.68 StoneX SNEX ... 14 109.08 +4.07 ... 15.26 13.05 TrinityCapital TRIN13.7 9 14.92 +0.31 .51 33.99 24.57 VillageSuper A VLGEA 3.0 9 33.27 +1.22 .25 8.19 1.31 WerewolfTherap HOWL ... dd 1.38 +0.05 ... 3.87 1.69 XerisBiopharma XERS ... dd 3.45 +0.25 ...
14.01 6.05 Stratasys SSYS ... dd 9.85 +0.87 ... 77.18 35.90 Trip.com TCOM ... 22 71.52 +4.36 ... 7.90 3.43 Vimeo VMEO ... 33 6.52 +0.26 ... 22.69 12.22 WeRide WRD ... dd 15.32 +2.07 ... 19.78 8.02 Xerox XRX 10.3 dd 9.68 +0.34 .25
123.62 85.11 StrategicEd STRA 2.5 18 96.44 –0.54 .60 28.76 12.93 Tripadvisor TRIP ... 76 17.66 +1.63 ... 11.85 9.01 VinciPartners VINP 6.9 16 10.10 +0.34 .16 42.48 33.12 WernerEnterprises WERN 1.5 51 37.12 +0.62 .14 1.93 0.50 XilioTherap XLO ... dd .82 –0.32 ...
44.27 21.05 Strattec STRT ... 10 39.48 –0.51 ... 10.42 3.50 TriSalusLifeSci TLSI ... dd 5.18 +0.25 ... 10.09 9.96 VineHillCapA VCIC ... ... 10.07 +0.02 ... 37.36 25.56 WesBanco WSBC 4.3 15 34.16 +2.22 .37 45.33 11.08 Xometry XMTR ... dd 32.66 –0.57 ...
30.66 18.28 StratusProp STRS ... cc 19.27 –0.48 ... 110.58 66.85 TriumphFinl TFIN ... cc 78.56 –12.19 ... 6.42 2.26 VinFastAuto VFS ... dd 4.01 –0.11 ... 24.85 15.80 WestBancorp WTBA 4.7 15 21.46 +0.12 .25 28.58 23.11 XtrkRreefGlbNat NRES 2.1 ... 25.23 +0.24.1543
6.70 1.65 StrongholdDig SDIG ... dd 3.96 –0.07 ... 3.29 1.60 trivago TRVG ... dd 2.93 +0.38 ... 1.94 0.50 ViomiTech VIOT ... dd 1.44 +0.04 ... 59.97 43.82 WestamericaBncp WABC 3.4 10 51.81 –0.60 .44 2.41 1.45 Xunlei XNET ... 10 2.35 +0.23 ...
62.74 23.50 StructureTherap GPCR ... dd 28.22 +1.16 ... 23.64 7.55 TruBridge TBRG ... dd 23.31 +0.38 ... 14.45 6.56 VirBiotech VIR ... dd 10.63 +0.52 ... 81.55 52.77 WesternDigital WDC ... 41 67.41 +2.37 ... 10.08 9.99 YHNAcqnI YHNA ... ... 10.08 +0.01 ...
12.35 5.68 SummitStateBk SSBI 2.1 10 7.51 +0.04 .04 4.62 2.56 TrueCar TRUE ... dd 3.62 +0.17 ... 18.50 8.75 VircoMfg VIRC .9 7 11.27 +1.22 .025 10.08 6.00 WestNewEngBncp WNEB 3.1 17 8.92 –0.17 .07 0.25 0.11 YHNAcqnIRt YHNAR ... ... .25 +0.10 ...
33.89 2.10 SummitTherap SMMT ... dd 23.76 +4.73 ... 8.39 0.35 TruGolf TRUG ... ... .56 –0.01 ... 7.41 3.26 WestportFuelSys WPRT ... dd 4.42 +0.60 ... 20.90 6.01 Y-mAbsTherap YMAB ... dd 6.25 +0.09 ...
39.60 16.02 VirtuFinancial VIRT 2.4 20 39.52 +2.26 .24
17.51 9.22 SunCountryAir SNCY ... 21 16.76 +0.58 ... 79.38 11.75 TrumpMedia&Tech DJT ... dd 32.71 –7.32 ... 11.21 5.28 WestrockCoffee WEST ... dd 6.87 +0.55 ... 11.00 1.82 YXT.COM YXT ... 6 1.92 –0.06 ...
123.73 81.74 Visteon VC ... 5 85.64 +1.61 ...
8.11 4.88 SunOpta STKL ... dd 7.38 +0.08 ... 57.90 19.69 Trupanion TRUP ... dd 48.90 +1.27 ... 41.05 27.05 WeycoGroup WEYS 2.9 12 36.09 +0.812.00 41.96 29.86 YorkWater YORW 2.9 20 30.20 –1.11.2192
38.91 19.41 VitaCoco COCO ... 39 38.65 +4.05 ...
50.67 42.35 SunriseComms SNRE ... ... 47.80 +1.20 ... 38.89 25.83 TrustcoBank TRST 4.4 13 32.38 +0.16 .36 50.00 18.37 Willdan WLDN ... 23 38.23 +0.14 ... 36.60 13.48 ZaiLab ZLAB ... dd 26.27 +0.22 ...
48.41 14.37 VitalFarms VITL ... 38 43.14 –1.87 ...
40.73 25.24 Trustmark TRMK 2.6 dd 35.69 +0.43 .23 235.43 46.70 WillisLease WLFC .5 14 192.48 –5.53 .25 427.76 233.95 ZebraTech ZBRA ... 56 414.61 +8.90 ...
22.26 8.22 SunRun RUN ... dd 10.23 +0.79 ... 6.41 3.24 VividSeats SEAT ... dd 4.70 –0.08 ...
9.69 2.31 TScanTherap TCRX ... dd 2.52 +0.12 ... 334.99 242.54 WillisTowers WTW 1.1 dd 322.37 +1.72 .88 26.25 7.50 ZenasBioPharma ZBIO ... dd 7.73 –0.12 ...
30.00 13.94 SuperHiIntl HDL ... ... 24.50 +1.21 ... 10.39 8.02 Vodafone VOD ... 8 8.37 –0.11 ...
1.76 0.59 Tuniu TOUR ... dd 1.01 +0.01 ... 10.00 9.80 WillowLaneA WLAC ... ... 9.93 +0.02 ... 18.07 2.13 ZentalisPharm ZNTL ... dd 2.22 –0.02 ...
122.90 17.25 SuperMicroComp SMCI ... 17 33.27 +2.45 ... 2.50 0.63 VorBiopharma VOR ... dd 1.47 +0.14 ...
5.75 0.40 TurnstoneBiologics TSBX ... dd .46 +0.02 ... 2.92 0.61 WiMiHologram WIMI ... dd 1.03 –0.08 ... 9.76 4.20 ZevraTherap ZVRA ... dd 8.04 –0.01 ...
21.80 11.66 SuperiorGroup SGC 3.6 19 15.61 –0.17 .14 11.20 9.95 VoyagerAcqnA VACH ... ... 10.08 –0.03 ...
19.00 9.85 TurtleBeach TBCH ... 66 18.34 +0.06 ... 433.86 266.45 Wingstop WING .4 82 279.83 +6.91 .27 70.90 37.76 ZiffDavis ZD ... 47 53.05 –1.88 ...
39.37 25.53 SupernusPharm SUPN ... 36 38.55 +0.81 ... 10.66 4.99 VoyagerTherap VYGR ... 8 5.62 +0.55 ...
18.00 10.22 TwinDisc TWIN 1.4 17 11.35 +0.13 .04 431.67 330.25 Winmark WINA .9 36 391.70 –0.70 7.50 83.67 38.06 Zillow A ZG ... dd 76.83 +2.00 ...
35.30 19.50 SurgeryPartners SGRY ... dd 20.32 +0.13 ...
W 142.04 89.68 WintrustFinl WTFC 1.4 13 131.79 –3.26 .50
42.44 25.17 Surmodics SRDX ... dd 38.15 +1.27 ... 60.90 27.41 TwistBiosci TWST ... dd 54.07 +6.51 ... 86.88 38.45 Zillow C Z ... dd 80.00 +2.14 ...
16.74 3.50 WaveLifeSci WVE ... dd 12.01 +1.02 ... 14.00 1.61 WISeKey WKEY ... dd 8.37 +1.01 ...
6.13 1.67 SutroBioph STRO ... dd 2.04 +0.03 ... 6.40 2.35 2seventybio TSVT ... dd 2.60 –0.01 ... 22.40 13.01 ZimVie ZIMV ... dd 14.36 +0.07 ...
292.36 211.03 WD-40 WDFC 1.6 45 233.09 +1.31 .94 246.83 117.58 Wix.com WIX ... cc 235.01 –5.88 ...
52.20 17.11 Symbotic SYM ... dd 31.38 +1.62 ... 29.60 12.49 TyraBiosciences TYRA ... dd 15.88 –0.31 ... 63.22 37.76 ZionsBancorp ZION 2.9 12 58.64 +0.60 .43
25.66 10.05 Webtoon WBTN ... dd 13.36 +0.51 ... 201.64 133.56 Woodward WWD .5 31 187.95 –1.17 .25
115.85 67.83 Synaptics SYNA ... 21 83.36 +0.22 ... U 92.80 55.06 ZoomComms ZM ... 27 80.17 +2.10 ...
62.75 40.20 WSFS Financial WSFS 1.1 12 53.84 –0.28 .15 311.28 199.81 Workday WDAY ... 43 258.28 +8.64 ...
25.34 12.06 SyndaxPharm SNDX ... dd 14.25 +1.17 ... 345.00 1.25 Zoomcar ZCAR ... 0 1.90 –0.09 ...
141.33 107.25 UFP Inds UFPI 1.1 16 116.75 –0.01 .33 149.31 101.85 WorldAcceptance WRLD ... 9 129.66 +2.32 ...
629.38 457.52 Synopsys SNPS ... 38 546.19 +19.49 ... 5.22 0.67 WW Intl WW ... dd 1.15 –0.06 ... 18.70 7.65 ZoomInfoTech ZI ... cc 9.98 –0.12 ...
129.94 76.00 UMB Fin UMBF 1.3 15 121.04 +1.46 .40 110.38 71.63 WynnResorts WYNN 1.2 10 84.99 +0.32 .25
3.72 1.27 SyprisSolutions SYPR ... dd 2.13 +0.19 ... 38.62 25.79 WaFd WAFD 3.5 14 29.58 –0.67 .26 259.61 153.45 Zscaler ZS ... dd 193.47 +5.89 ...
14.48 3.10 UPFintech TIGR ... 38 7.07 +0.30 ... XYZ
7.96 0.18 SyrosPharm SYRS ... dd .21 –0.01 ... 2.47 0.14 Wag! PET ... dd .26 ... ... 32.69 5.25 zSpace ZSPC ... dd 14.90 +1.29 ...
21.86 10.25 USCB Financial USCB 1.1 18 18.75 +0.55 .10
23.77 8.08 WalgreensBoots WBA 8.4 dd 11.87 –0.65 .25 4.33 0.79 XBPEurope XBP ... dd 1.07 –0.03 ... 31.37 12.90 Zumiez ZUMZ ... dd 16.59 +1.12 ...
T 159.53 48.38 US Lime&Min USLM .2 34 116.15 –4.65 .05
12.70 6.64 WarnerBrosA WBD ... dd 10.25 +0.73 ... 30.47 1.05 XCHG XCH ... dd 1.13 –0.20 ... 17.70 7.97 Zymeworks ZYME ... dd 14.59 +0.71 ...
7.84 2.30 TelaBio TELA ... dd 2.67 –0.02 ... 3.30 0.97 uCloudlink UCL ... 13 1.45 –0.10 ...
38.05 27.06 WarnerMusic WMG 2.4 36 29.80 –0.44 .18 22.05 2.06 XIAO-I AIXI ... dd 5.06 –0.79 ... 13.77 7.15 Zynex ZYXI ... 56 8.36 +0.68 ...
15.00 11.70 TFS Finl TFSL 8.9 45 12.67 +0.10.2825 14.74 6.67 Udemy UDMY ... dd 7.54 –0.91 ...
2.07 0.72 TMCthemetals TMC ... dd 1.57 –0.02 ... 574.76 318.17 UltaBeauty ULTA ... 17 417.83 +12.82 ...
248.15 158.84 T-MobileUS TMUS 1.4 25 218.57 –0.40 .88 56.47 32.08 UltraClean UCTT ... cc 36.96 –1.68 ...
60.37 37.02 UltragenyxPharm RARE ... dd 44.05 +4.05 ...
72.98
5.75
125.81
39.18
1.10
100.49
TPG
TPIComposites
T.RowePrice
TPG 2.4
TPIC ...
TROW 4.3
dd
dd
13
69.30
1.68
114.21
+2.27 .38
+0.12 ...
+1.00 1.24
13.39
37.70
6.63
21.00
Ultralife
UnionBankshares
ULBI ...
UNB 4.7
15
16
8.02
30.93
+0.20 ...
+0.93 .36
Europe Asia
21.98 3.67 TTEC TTEC14.6 dd 3.98 +0.01 .06 19.18 3.73 uniQure QURE ... dd 15.67 +1.62 ... Posh: Smart earnings at the U.K.’s Burberry lifted luxury Cost Basis: After inflation spiked, Japan raised rates to a
28.00 13.43 TTM Tech TTMI ... 39 25.87 +0.33 ... 116.00 37.02 UnitedAirlines UAL ... 11 105.00 –2.38 ... stocks across Europe. Are Trump’s tariffs just bargaining talk? level unseen since ’08. The yen rose, but exporters’ shares fell.
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

36.50 21.31 TWFG TWFG ... 22 29.54 –1.16 ... 44.43 30.68 UnitedBkshrsWV UBSI 3.9 15 38.40 –0.13 .37
5.00 2.87 Taboola TBLA ... dd 3.64 +0.06 ... 31.70 18.04 UnitedFire UFCS 2.5 13 25.27 –1.39 .16
16.25 7.02 UnitedGuardian UG 6.4 14 10.90 +0.18 .35 S&P Europe BMI 1.18% S&P Pan Asia BMI 1.45%
21.10 11.12 TactileSystems TCMD ... 27 17.39 –0.01 ...
192.14 135.24 TakeTwoSoftware TTWO ... dd 185.49 –0.92 ... 10.49 7.02 UnitedSecBcshrs UBFO 4.8 10 10.04 +0.08 .12 Denmark 4.34 Japan 2.66
258.03 64.51 TalenEnergy TLN ... 13 245.06 +10.11 ... 417.82 208.62 UnitedTherap UTHR ... 16 370.83 +11.90 ...
6.71 2.57 Uniti UNIT .0 14 5.77 –0.21 .15
France 2.63 China 2.51
1.61 0.50 Talphera TLPH ... dd .68 +0.01 ...
53.69 21.85 TandemDiabetes TNDM ... dd 36.50 +1.35 ... 48.45 25.33 UnityBancorp UNTY 1.1 12 48.04 +0.89 .13 Switzerland 2.47 Taiwan 1.74

12.99 2.59 TangoTherap TNGX ... dd 3.04 +0.19 ... 3.10 0.94 UnityBiotech UBX ... dd 2.38 +0.65 ... Sweden 2.35 Australia 1.16
57.14 20.08 TarsusPharm TARS ... dd 48.78 +2.26 ... 237.00 143.25 UnivDisplay OLED 1.1 30 150.70 +1.46 .40
14.20 7.53 UnvlElectronics UEIC ... dd 10.35 –0.21 ... Germany 2.06 Thailand 1.08
19.60 10.56 TaskUs TASK ... 29 16.64 –0.13 ...
31.79 10.51 TatTechnologies TATT ... 40 29.93 +1.06 ... 53.29 28.00 UnivLogistics ULH .9 9 45.39 +1.54 .105 Finland 1.56 South Korea 0.71
9.96 9.89 TaviaAcqn TAVI ... ... 9.96 +0.03 ... 32.75 18.41 UnivestFin UVSP 2.8 12 30.28 +0.59 .21
38.72 26.50 Upbound UPBD 5.3 20 29.57 +0.03 .39
Greece 0.89 Hong Kong 0.40
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

0.18 0.12 TaviaAcqnRt TAVIR ... ... .15 +0.01 ...

4.32 1.19 TayshaGene TSHA ... dd 1.52 –0.01 ... 5.64 1.79 UplandSoftware UPLD ... dd 4.30 +0.46 ... Spain 0.57 Singapore 0.26

33.08 17.18 TechTarget TTGT ... ... 18.08 +0.69 ... 88.95 20.60 Upstart UPST ... dd 67.44 +4.48 ... -0.02 U.K. Malaysia 0.20
53.41 12.12 TectonicTherap TECX ... dd 46.74 +5.84 ... 29.46 10.24 UpstreamBio UPB ... ... 10.39 –0.61 ...
18.14 8.43 Upwork UPWK ... 26 16.27 –0.63 ...
-0.04 Belgium -0.09 New Zealand
8.90 4.77 Ericsson ERIC 2.2 dd 7.62 –0.92.1326
19.37 6.93 Telesat TSAT ... 8 17.72 +1.47 ... 60.90 33.86 UrbanOutfitters URBN ... 17 58.14 +3.13 ... -0.11 Italy -0.59 Indonesia
20.70 9.78 UroGenPharma URGN ... dd 10.24 –0.03 ...
19.99 14.01 TelixPharm TLX ... cc 18.24 +1.46 ...
2.92 1.24 Usio USIO ... 25 2.43 ... ...
-0.28 Norway -0.76 Philippines
5.03 1.89 Telos TLS ... dd 3.22 –0.09 ...
79.49 22.89 TempusAI TEM ... dd 51.40 +16.25 ... 83.99 60.08 UtahMedProducts UTMD 1.9 15 62.92 +0.76 .305 -2.21 Netherlands -1.88 India
51.22 12.95 10xGenomics TXG ... dd 14.81 –0.27 ... 3.30 2.20 UTStarcom UTSI ... dd 2.87 +0.13 ...
Indexes based on S&P Global Broad Market Indices Source: S&P DJ Indices
53.50 35.25 Tenable TENB ... dd 43.39 +2.56 ... 7.84 1.41 Uxin UXIN ... dd 4.26 –0.27 ...
7.01 0.99 TenayaTherap TNYA ... dd 1.21 –0.19 ... V
163.21
11.40
92.29
4.32
Teradyne
TernsPharm
TER .4
TERN ...
41
dd
129.92
4.50
–8.48 .12
+0.07 ...
7.19
9.24
1.39
2.27
VNET
VOXX Intl
VNET
VOXX
...
...
dd
dd
6.99
7.35
+1.39 ...
+0.03 ...
Key Foreign Stock Market Indexes
Most Recent Week’s Year-to-Date Most Recent Week’s Year-to-Date
11.60 6.92 TerritorialBncp TBNK .4 dd 9.09 +0.11 .01 123.92 59.18 VSE VSEC .4 cc 106.12 +2.74 .10 Close %Chg. Chg. % Chg. Close %Chg. Chg. % Chg.
488.54 138.80 Tesla TSLA ... cc 406.58 –19.92 ... 11.70 2.07 Vacasa VCSA ... dd 5.00 –0.01 ... Amsterdam AEX 901.33 –1.41 +22.70 +2.58 Milan FTSE All Share 38337 –0.34 +1946.40 +5.35
51.20 31.61 TetraTech TTEK .6 31 38.37 –4.21 .058 11.10 6.47 ValleyNatlBncp VLY 4.3 15 10.17 +0.58 .11
21.09 0.26 TevogenBio TVGN ... dd 1.35 +0.07 ... Athens General 1544.13 +1.28 +74.46 +5.07 Oslo Composite 1707.43 –0.70 +62.60 +3.81
9.50 3.62 Valneva VALN ... dd 4.90 +0.53 ...
91.80 54.68 TexasCapBcshs TCBI ... 61 77.45 –3.29 ... 11.75 11.01 ValuenceI A VMCA ... 84 11.56 –0.08 ... Bangkok SET 1354.07 +1.00 –46.14 –3.30 Paris CAC 7927.62 +2.83 +546.88 +7.41
220.39 155.46 TexasInstruments TXN 2.9 36 185.52 –6.90 1.36 6.75 3.46 VandaPharm VNDA ... dd 4.40 +0.04 ... Bombay Sensex 76190 –0.56 –1948.55 –2.49 Santiago Selective 3801.88 +1.53 +187.24 +5.18
206.04 122.16 TexasRoadhouse TXRH 1.4 31 178.55 –0.40 .61 19.96 10.19 VarexImaging VREX ... dd 14.23 +0.71 ... Brussels Bel-20 4258.02 –0.05 –6.51 –0.15 Sao Paulo Bovespa 122446 +0.08 +2163.54 +1.80
61.17 29.92 TheBancorp TBBK ... 14 55.56 –0.31 ... 60.58 41.13 VaronisSystems VRNS ... dd 44.31 +0.12 ... Buenos Aires Merval 2566082 +2.20 +32447 +1.28 Seoul Composite 2536.80 +0.53 +137.31 +5.72
2.75 0.70 TherapeuticsMD TXMD ... dd 1.15 +0.09 ... 4.26 1.60 VastaPlatform VSTA ... dd 2.65 +0.22 ...
10.90 7.44 TheravanceBio TBPH ... dd 10.47 +1.89 ... Copenhagen OMX 20 2092.27 +4.86 –10.11 –0.48 Shanghai Composite 3252.63 +0.33 –99.14 –2.96
121.06 58.10 Vaxcyte PCVX ... dd 89.64 +4.34 ...
37.65 18.00 ThirdCoastBcshs TCBX ... 14 36.69 +3.59 ... 18.56 2.13 Veea VEEA ... dd 3.43 –0.23 ... Dublin ISEQ 10065 +4.93 +308.32 +3.16 Shenzhen B Share Idx 1198.59 +0.64 –14.44 –1.19
16.94 5.39 ThirdHarmonic THRD ... dd 5.42 –0.37 ... 49.25 25.52 VeecoInstr VECO ... 19 25.91 –1.50 ... EURO STOXX SXXE 534.24 +1.31 +29.02 +5.74 Singapore FTSE STI 3804.26 –0.17 +16.66 +0.44
2.45 0.50 ThredUp TDUP ... dd 2.17 –0.09 ... 11.48 1.67 VentyxBiosciences VTYX ... dd 2.25 +0.23 ... EURO STOXX 50 SXSE 5219.37 +1.38 +323.39 +6.61 Stockholm OMXS 1017.04 +2.26 +62.45 +6.54
12.12 0.22 ThunderPower AIEV ... dd .27 –0.03 ... 8.32 3.27 VeraBradley VRA ... dd 3.68 –0.10 ...
Frankfurt DAX 21394 +2.35 +1485.79 +7.46 STOXX Europe 50 SXSP 4526.70 +1.24 +218.07 +5.06
2.97 1.11 TilrayBrands TLRY ... dd 1.14 –0.06 ... 51.61 26.90 VeraTherap VERA ... dd 33.92 +0.55 ...
33.98 23.93 TimberlandBncp TSBK 3.4 10 29.39 +0.01 .25 46.00 18.61 Veracyte VCYT ... dd 43.81 +3.23 ... Helsinki OMHX 9926.69 +1.56 +452.14 +4.77 STOXX Europe 600 SXXP 530.07 +1.23 +22.45 +4.42
28.29 12.30 TitanMachinery TITN ... 12 15.75 +0.54 ... 61.49 39.12 Vericel VCEL ... cc 57.43 –1.64 ... Hong Kong Hang Seng 20066 +2.46 +6.24 +0.03 Sydney S&P/ASX 200 8408.90 +1.19 +249.76 +3.06
40.47 17.77 Torm TRMD30.6 2 19.16 –1.23 1.20 38.17 21.28 VerintSystems VRNT ... 27 25.18 +0.75 ... Istanbul IMKB 10104 +1.27 +274.29 +2.79 Taipel Weighted 23525 +1.63 +490.31 +2.13
55.31 28.11 TowerSemi TSEM ... 30 54.74 +2.16 ... 213.68 167.05 VeriSign VRSN ... 25 210.73 +1.01 ...
Jakarta Composite 7166.06 +0.16 +86.15 +1.22 Tel Aviv 125 Index 2557.90 +5.40 +131.00 +5.40
38.28 25.70 TowneBank TOWN 2.9 16 34.87 +0.58 .25 296.58 217.34 VeriskAnalytics VRSK .6 43 278.93 +0.38 .39
61.53 44.35 TractorSupply TSCO 1.5 28 57.94 +4.28 .22 31.62 18.08 Veritex VBTX 3.0 17 26.49 +0.14 .20 Johannesburg All Share 84290 –0.48 +195.85 +0.23 Tokyo Nikkei-225 39931 +3.85 +37.44 +0.09
141.53 66.56 TradeDesk TTD ... cc 119.96 –4.46 ... 7.76 1.65 Veritone VERI ... dd 2.98 +0.27 ... Kuala Lumpur Composite 1573.73 +0.45 –68.60 –4.18 Toronto S&P/TSX 25468 +1.60 +740.55 +2.99
141.69 91.19 Tradeweb TW .3 63 131.00 +1.98 .10 55.91 11.39 VeronaPharma VRNA ... dd 55.00 +3.11 ... LISBON PSI 4132.75 –2.77 –13.31 –0.32 Vienna ATX 3845.21 +1.71 +182.20 +4.97
0.32 0.06 TrailblazerI Rt TBMCR ... ... .22 ... ... 11.41 0.61 VerricaPharm VRCA ... dd .72 +0.05 ... London FTSE - 100 8502.35 –0.03 +329.33 +4.03 Wellington S&P/NZX 50 13024 –0.81 –86.04 –0.66
11.61 10.47 TrailblazerI A TBMC ... 71 11.12 +0.01 ... 18.38 9.48 VersaBank VBNK .5 12 13.27 –0.04.0185
Madrid IBEX 35 11982 +0.56 +387.60 +3.34 Zurich Swiss 12287 +2.48 +686.38 +5.92
7.86 3.32 TransActTechs TACT ... dd 4.43 –0.08 ... 58.35 24.17 Vertex VERX ... cc 57.44 +1.04 ...
147.12 94.29 Transcat TRNS ... 50 99.50 –0.84 ... 519.88 377.85 VertexPharm VRTX ... dd 439.62 +17.62 ... Manila Composite 6296.20 –0.88 –232.59 –3.56
177.37 55.00 TransMedics TMDX ... 65 60.82 +3.62 ... 19.34 4.31 VerveTherap VERV ... dd 7.91 +1.77 ... Mexico City IPC 51357 +2.84 +1844.04 +3.72 Indexes are based on local currencies. Because of various holidays and other market closings, the most
22.44 7.12 Travelzoo TZOO ... 20 20.83 –0.15 ... 21.74 7.77 ViantTech DSP ... cc 20.52 +1.35 ... recent close is not necessarily that of the week of publication.
21.56 5.12 TravereTherap TVTX ... dd 20.31 +1.94 ... 26.70 6.69 ViaSat VSAT ... dd 11.50 +2.61 ...
 January 27, 2025 BARRON’S 45

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 GlbX Robotics&AI BOTZ ... 34.49 +1.46 ... DimenEmgCore DFAE 2.3 25.84 +0.44 .1789 FrankFTSEJapan FLJP 4.5 29.13 +0.92 1.0265 iShGoldTrMicro IAUM ... 27.65 +0.70 ... SPDRPtfAggBd SPAB 3.8 25.04 +0.02 .0815
volume. GrShr2xLongAMDDly AMDL ... 7.80 +0.17 ... DimenEMCore2 DFEM 2.5 26.50 +0.44 .2561 FundGrannyUSLC GRNY ... 21.19 +0.56 ... iShiBdsDec28Cp IBDT 4.6 24.99 +0.04 .0956 SPDRPtfDevxUS SPDW 3.1 35.69 +1.03 .6182
GrShr2xLongCOINDly CONL .2 48.96 +0.79 .1086 DimenIntlCore DFAI 2.6 30.41 +0.85 .3819 FutureFdActive FFND ... 26.78 +0.62 ... iShiBdsDec25Cp IBDQ 3.8 25.14 +0.02 .0787 SPDRPtfEM SPEM 2.7 38.92 +0.66 .4514
Tick Div
Name Sym Yld Last Chg. Amt. GrShr2xLgMeta FBL ... 39.79 +4.04 ... DimenIntlValue DFIV 3.7 37.13 +0.82 .2352 GlbXCopperMiners COPX 1.7 39.94 +0.11 .5303 iShiBdsDec29Cp IBDU 4.7 22.85 +0.03 .0896 SPDR PtfHYBd SPHY 7.7 23.80 +0.08 .1552
GrShr2xLgNVDA NVDL ... 73.11 +4.53 ... DimenShDurFix DFSD 4.8 47.02 +0.06 .2681 GlbX MLP&Energy MLPX 4.0 65.74 –0.31 .0534 iShiBdsDec27Cp IBDS 4.3 24.03 +0.03 .0854 SPDRPtfIntermCpBd SPIB 4.4 32.85 +0.08 .1227
Bats GrShr2xLgPLTRDly PTIR ... 138.82 +23.51 ... DimenUSCore DFAU 1.1 42.09 +0.67 .1089 GlbXRuss2000Cvr RYLD 11.8 16.63 –0.03 .1682 iShiBdsDec26Cp IBDR 4.1 24.14 +0.03 .0812 SPDR PtfIntTrea SPTI 3.8 27.93 +0.02 .0873
ARKGenomicRev ARKG ... 27.08 +2.97 ... GrShr2xLgTSLA TSLR ... 42.63 –4.42 ... DimenUSCoreEq2 DFAC 1.0 35.99 +0.52 .094 GlbXS&P500Cv XYLD 9.3 42.49 +0.01 .373 iShiBoxx$HYCpBd HYG 5.9 79.75 +0.29 .3998 SPDRPtfLTCorpBd SPLB 5.2 22.30 +0.09 .0971
ARK21ShrsBitcoin ARKB ... 104.74 +0.12 ... GrShr2xShNVDA NVD 10.2 25.63 –2.11 2.608 DimenUSHiProf DUHP 1.1 35.02 +0.60 .0766 GlbXSilverMiners SIL 2.3 33.79 +0.78 .7577 iShiBoxx$IGCpBd LQD 4.4 107.12 +0.34 .415 SPDRPtfLtTrea SPTL 4.0 26.12 +0.02 .0877
AlphaArch1-3M BOXX .0 110.67 +0.09 .2906 GrShr2xShTSLA TSDD ... 31.19 +2.83 ... DimenUSLCVal DFLV 1.6 31.51 +0.28 .1235 GlbX US Pfd PFFD 6.3 19.99 +0.18 .1025 iShLatinAmer40 ILF ... 22.46 +0.82 ... SPDRPtfMtgBkdBd SPMB 3.8 21.52 +0.01 .0655
DimenIntlCore2 DFIC 2.8 26.81 +0.70 .1304 InvscActMgdETC PDBC ... 13.51 –0.09 ... DimenUSSCETF DFAS .9 67.69 +0.57 .1624 GlbX Uranium URA 2.5 30.53 +2.50 .7414 iShMSCIAustralia EWA ... 24.91 +0.67 ... SPDRS&P500Value SPYV 2.2 52.56 +0.55 .2878
DimenIntlHiProf DIHP 2.2 26.31 +0.72 .1036 InvscBS30CpBd BSCU 4.7 16.34 –0.04 .0601 DimenUSSCValue DFSV 1.3 31.88 +0.18 .1136 GSTreasury0-1Y GBIL 4.9 100.12 +0.08 .3992 iShMSCIBrazil EWZ ... 24.34 +0.79 ... SPDRPtfS&P1500 SPTM 1.2 74.11 +1.18 .226
DimenIntlSC DFIS 2.1 25.16 +0.60 .0821 InvscBS28CpBd BSCS 4.5 20.14 –0.04 .0754 DimenWorldexUS DFAX 2.9 25.61 +0.59 .1815 GrShrGold BAR ... 27.34 +0.67 ... iShMSCICda EWC ... 41.65 +1.10 ... SPDRPtfS&P500 SPLG 1.2 71.51 +1.22 .2386
FTVestLadBuffer BUFR ... 31.10 +0.28 ... InvscBS25CpBd BSCP 4.0 20.66 –0.04 .0703 DirexCSIChinaInt CWEB 4.2 34.48 +2.39 1.0841 GrayscaleBTCMini BTC ... 46.51 +0.08 ... iShMSCI EAFE EFA ... 79.23 +2.45 ... SPDRS&P500Growth SPYG .6 92.02 +2.13 .1295
FTVestRising RDVI 7.6 25.37 –0.08 .1809 InvscBS27CpBd BSCR 4.3 19.46 –0.05 .0696 DirexChinaBr3 YANG 10.3 63.76 –5.92 .7355 GrayscaleBitcoin GBTC ... 83.17 +0.12 ... iSh MSCI EM EEM ... 42.95 +0.86 ... SPDRS&P500HiDiv SPYD 4.2 43.99 +0.08 .4869
FTS&P500Div KNG 8.2 50.93 –0.02 .378 InvscBS26CpBd BSCQ 4.0 19.44 –0.03 .0672 DirexChinaBl3 YINN 1.7 29.79 +2.43 .307 GrayscaleEtherMini ETH ... 31.40 –1.79 ... iShMSCIGermany EWG 2.2 34.56 +1.41 .7585 SPDRPtfS&P400MC SPMD 1.4 57.37 +0.58 .1973
FTUSBuffJan FJAN ... 46.63 +0.50 ... InvscBS29CpBd BSCT 4.5 18.31 –0.03 .068 DirexFinlBear3 FAZ 8.5 5.48 –0.19 .0419 GrayscaleEthereum ETHE ... 27.88 –1.61 ... iShMSCIHongKong EWH ... 16.43 +0.03 ... SPDRPtfS&P600SC SPSM 1.8 46.47 +0.41 .198
FidBlueChipGr FBCG ... 48.42 +1.13 ... InvscKBWBank KBWB 2.3 70.61 +0.70 .4241 DirexFinlBull3 FAS .7 173.03 +5.62 .1911 HealthCrSelSect XLV 1.6 144.31 +4.13 .6217 iShMSCIIntlQual IQLT ... 38.94 +1.11 ... SPDRPtfSTCpBd SPSB 4.8 29.96 +0.04 .1227
FidelityEthereum FETH ... 33.33 –1.89 ... InvscNasd100 QQQM .6 218.05 +3.27 .2999 DirexGoldMinBr2 DUST .7 54.70 –3.50 .3721 iMGPDBiMgdFut DBMF 5.7 26.38 –0.35 .8409 iShMSCIJapan EWJ ... 68.48 +2.30 ... SPDRShtTermTrea SPTS 4.2 29.03 +0.01 .0956
FidWiseBTC FBTC ... 91.67 +0.01 ... InvscQQQI QQQ .5 529.63 +7.89 .6769 DirexGoldMinBl2 NUGT 1.7 43.46 +2.46 .2458 IndSelSectorSPDR XLI 1.3 141.07 +3.32 .6701 iShMSCIMexico EWW 4.1 50.06 +2.59 .4756 SPDRS&PBank KBE 2.2 58.08 +0.22 .3245
FrankIntlLoVolHi LVHI 3.4 30.99 +0.05 .752 iShAAACLOActive CLOA 6.0 51.95 –0.01 .2832 DirexJrGoldMinBr2 JDST 8.1 24.65 –1.84 .1878 InvscDBComm DBC .0 22.27 –0.20 1.1158 iShMSCISthKorea EWY ... 55.90 +1.07 ... SPDR S&P 500 SPY 1.2 607.97 +10.39 1.9655
GlbXUSInfrDevt PAVE ... 43.69 +0.80 ... iShBiotech IBB .3 137.30 +4.65 .126 DirexJrGoldMnBl2 JNUG 1.7 43.72 +1.97 .0325 InvscDBUSDBull UUP .0 29.20 –0.52 1.3171 iShMSCITaiwan EWT ... 53.43 +1.40 ... SPDR S&P Home XHB .6 111.17 +0.50 .1264
GS PhysGold AAAU ... 27.40 +0.70 ... iShBitcoin IBIT ... 59.70 +0.08 ... DirexRealEstBl3 DRN 2.1 10.33 +0.28 .0435 InvscNatAMTFrMuni PZA 3.2 23.44 –0.03 .065 iShMSCIUK EWU ... 35.17 +0.79 ... SPDRS&PInsurance KIE 1.5 56.84 –0.45 .1784
InvscRuss1000Dyn OMFL 1.2 56.25 +1.04 .0768 iShBrdUSDInvCpBd USIG 4.5 50.41 +0.14 .1913 DirexRegBksBl3x DPST 1.4 124.21 +0.97 .2128 InvscPreferred PGX 7.0 11.68 +0.05 .0588 iShNatlMuniBd MUB 3.0 106.29 +0.06 .2614 SPDR S&P Metals XME .6 60.69 +0.36 .1056
iPathS&P500VIX VXX ... 41.74 –2.22 ... iShCoreMSCITotInt IXUS ... 68.56 +1.77 ... DirexS&P500Br3 SPXS 6.9 5.65 –0.29 .0496 InvscS&P500EW RSP 1.5 182.19 +2.15 .6197 iShRuss2000Val IWN 1.8 168.28 +1.33 .8619 SPDRS&PRegBkg KRE 2.5 63.33 +0.26 .3818
iShBrdUSDHYCpBd USHY 6.7 37.29 +0.10 .2103 iShCoreTotUSDBd IUSB 4.0 45.27 +0.07 .1498 DirexS&PBiotBr3 LABD 5.1 6.63 –1.11 .1264 InvscS&P500EWTech RSPT .5 39.52 +1.01 .0376 iShRussMC IWR 1.2 92.63 +1.03 .218 SchwabEM Equity SCHE ... 27.08 +0.48 ...
iShCoreMSCIEAFE IEFA 3.3 73.54 +2.18 1.3096 iShESGAwareEM ESGE ... 34.44 +0.75 ... DirexS&PBiotBl3 LABU .3 95.33 +12.73 .1606 InvscS&P500LowVol SPLV 1.8 71.08 +0.18 .1017 iShRussMCGrw IWP .4 135.70 +3.40 .1652 Schwab5-10YCpBd SCHI 5.1 22.11 +0.04 .0945
iShCurrMSCIEAFE HEFA 3.0 36.14 +0.58 .6036 iShESGAwareUSA ESGU 1.1 133.88 +2.22 .3842 DirexS&P500Br1 SPDN 5.5 10.66 –0.16 .1374 InvscS&P500Mom SPMO .5 101.33 +2.68 .1927 iShRuss1000 IWB 1.1 335.17 +5.78 .8692 SchwabFdEMEq FNDE ... 29.58 +0.62 ...
iShIntlSelDiv IDV 6.3 28.21 +0.40 .236 iShEthereum ETHA ... 25.25 –1.44 ... DirexS&P500Bl3 SPXL .7 185.99 +8.88 .3207 InvscS&P500PrVal RPV 2.1 93.88 +1.05 .5025 iShRuss1000Grw IWF .4 415.49 +8.51 .5575 SchwabFdIntlEq FNDF ... 34.57 +0.91 ...
iShUSAero&Def ITA .8 156.72 +5.10 .2661 iShFallAngelUSDBd FALN 6.1 27.10 +0.11 .133 DirexS&POilBr2 DRIP 4.9 9.68 +0.64 .0338 InvscS&P500Qual SPHQ 1.1 69.41 +1.30 .1917 iShRuss1000Val IWD 1.8 193.79 +2.31 1.023 SchwabFdUSLgCo FNDX ... 24.68 +0.31 ...
iShUSHomeConstrn ITB .4 108.76 –0.48 .1435 iSh5-10YIGCpBd IGIB 4.4 51.61 +0.11 .192 DirexS&POilBl2 GUSH 2.6 31.26 –2.21 .1804 InvscS&P500Rev RWL 1.4 102.96 +1.34 .36 iShRussTop200Gr IWY .4 242.25 +5.12 .3033 SchwabFdUSSmCo FNDA 1.5 30.71 +0.21 .0778
iShEdgeMSCIMinUSA USMV 1.6 90.94 +1.09 .3603 iShGlbCleanEner ICLN ... 11.17 –0.27 ... DirexSemiBr3x SOXS 6.8 18.09 –0.24 .302 InvscS&P500Top50 XLG .7 51.47 +0.99 .0898 iShRuss2000 IWM 1.1 228.69 +3.23 .5221 SchwabIntmUSTrsr SCHR 3.8 24.31 +0.01 .0746
iShEdgeMSCIUSAMom MTUM .7 223.01 +5.66 .1623 iShGlbInfr IGF ... 54.51 +0.28 ... DirexSemiBl3 SOXL 1.0 32.65 +0.16 .0768 InvscS&PMCMom XMMO .3 132.36 +2.67 .1464 iShS&P500Grw IVW .4 106.26 +2.43 .0836 SchwabIntlDiv SCHY 4.5 23.69 +0.28 .1598
iShEdgeMSCIUSAQual QUAL 1.0 184.10 +3.41 .375 iShJPMUSDEmBd EMB 5.1 90.34 +0.49 .3606 DirexScBear3 TZA 6.0 11.72 –0.52 .0839 InvscS&PMCQual XMHQ .7 103.87 +1.55 .1911 iShS&P500Value IVE 2.0 196.15 +2.06 1.1377 SchwabIntEquity SCHF ... 19.35 +0.54 ...
iShExpTechSftwr IGV ... 103.85 +3.53 ... iShMBS MBB 3.9 91.65 +0.06 .2823 DirexSCBull3 TNA .8 45.79 +1.78 .1757 InvscSrLoan BKLN 8.4 21.06 –0.09 .1237 iShSilver SLV ... 27.91 +0.30 ... SchwabST USTr SCHO 4.3 24.20 +0.03 .0835
iShFRBd FLOT 5.8 51.03 +0.03 .2486 iShMSCIACWI ACWI 1.6 122.06 +2.46 .9354 DirexKRBull3 KORU 3.2 4.47 +0.24 .7536 InvscSolar TAN .5 33.65 –0.74 .165 iShTIPSBond TIP 2.4 107.43 +0.25 .0648 SchwabUS AggrBd SCHZ 4.0 22.74 +0.02 .0707
iShiBds26TermHY IBHF 7.1 23.39 +0.07 .1488 iShMSCIACWIxUS ACWX ... 54.12 +1.38 ... DirexTechBear3 TECS 5.7 43.57 –2.98 .4722 InvscUltShDur GSY 5.3 50.07 –0.15 .2088 iSh10-20YTreaBd TLH 4.3 99.39 +0.15 .359 SchwabUS BrdMkt SCHB ... 23.60 +0.39 ...
iShIntlAggBd IAGG ... 49.94 +0.07 ... iShMSCIChina MCHI 1.7 47.39 +1.18 .1905 DirexTechBull3 TECL .2 97.22 +5.84 .0154 InvscVarRtPfd VRP 5.8 24.27 –0.06 .1123 iSh10+YIGCpBd IGLB 5.1 49.54 +0.19 .2061 SchwabUS Div SCHD 3.5 28.07 +0.08 .2515
iShMSCIEAFEGrw EFG ... 102.43 +3.84 ... iShMSCIEAFESC SCZ ... 62.37 +1.51 ... Direx20+TreaBr3 TMV 3.4 40.26 +0.02 .1495 iShAAA-ACpBd QLTA 4.1 46.91 +0.13 .1606 iShTreaFRBd TFLO 5.3 50.63 +0.04 .2709 SchwabUS LC SCHX 1.2 24.13 +0.42 .0653
iShMSCIEurozone EZU 2.7 50.67 +1.62 1.0429 iShMSCIEMxChina EMXC 2.6 57.20 +0.99 .491 Direx20+YrTrBull TMF 4.4 39.34 –0.04 .5243 iShChinaLC FXI 1.7 31.32 +0.91 .0848 iShUSCnsmrDisc IYC .5 99.39 +1.43 .1307 SchwabUS LC Grw SCHG ... 28.90 +0.61 ...
iShMSCIIndia INDA ... 50.68 –0.50 ... iShMSCIEurFinls EUFN ... 25.22 +0.90 ... DoubleLineShill CAPE 1.2 30.53 +0.56 .1335 iShCoreDivGrowth DGRO 2.2 63.33 +0.74 .4031 iShUSEqFactRotat DYNF .6 53.16 +0.95 .0437 SchwabUS LC Val SCHV 2.2 27.21 +0.33 .1446
iShMSCIEAFEValue EFV 4.5 54.50 +1.24 1.5357 iSh1-5YIGCpBd IGSB 4.0 51.88 +0.09 .1782 EldridgeBBB-BCLO CLOZ 8.9 27.16 +0.06 .2087 iShGrwthAlloc AOR ... 58.45 +0.72 ... iShUSRealEst IYR 2.5 94.94 +1.08 .7126 SchwabUS MC SCHM ... 29.20 +0.38 ...
iSh20+YTrBdBuy TLTW 15.1 23.59 +0.08 .3314 iSh1-3YTreaBd SHY 3.9 82.14 +0.06 .2616 EnSelSectorSPDR XLE 3.1 91.31 –2.65 .70 iShCoreHiDiv HDV 3.6 114.44 –0.46 .9283 iShUSTech IYW .2 164.69 +3.40 .1071 SchwabUS REIT SCHH ... 21.33 +0.21 ...
iShUSTelecom IYZ 1.8 28.34 +1.05 .1464 iShPfd&Incm PFF 6.2 32.08 +0.33 .1596 SchwabUS SC SCHA ... 26.92 +0.37 ...
FidEnhLCCore FELC 1.0 34.09 +0.51 .079 iShCoreMSCIEM IEMG 3.1 53.35 +0.97 .5095 iSh0-5YHYCpBd SHYG 6.8 43.21 +0.16 .2367
iShSelectDiv DVY 3.5 135.10 +0.30 .9304 Schwab US TIPs SCHP 3.0 26.00 +0.05 .1041
iShUSTreasuryBd GOVT 3.2 22.48 +0.03 .0596 FidEnhLCGrw FELG .4 36.47 +0.60 .046 iShCoreMSCIEur IEUR 3.3 57.23 +1.87 1.1922 iSh0-3MTreaBd SGOV 4.1 100.61 +0.07 .4276
SimplifyMgdFut CTA 4.2 28.88 +0.19 .7382
iShUltShBd ICSH 5.2 50.61 +0.06 .2206 iShSemiconductor SOXX .6 230.64 +0.90 .2249 FidEnhMC FMDE 1.1 34.53 +0.40 .098 iShMSCIIntlDev IDEV ... 67.35 +1.99 ... JanusHendersonAAA JAAA 6.3 50.99 +0.07 .2619
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

SimplifyVolPrem SVOL 16.1 21.70 +0.46 .26

JanusB-BBBCLO JBBB 7.6 49.30 +0.07 .3357 iSh7-10YTreaBd IEF 3.6 92.47 +0.02 .2709 FidHiDiv FDVV 2.9 51.41 +0.53 .319 iShCoreS&P500 IVV 1.3 610.89 +10.63 1.6111 JanusHendMtg JMBS 5.5 44.22 ... .2091
SoFiNext500 SFYX 1.2 15.32 +0.20 .099
JPMBetaEurope BBEU 3.9 58.96 +1.95 .7896 iShShortTreaBd SHV 5.0 110.42 +0.08 .4723 FidMSCIEn FENY 2.9 25.37 –0.79 .184 iShCoreS&P MC IJH 1.3 65.40 +0.70 .16 JPMActiveGrw JGRO ... 84.97 +2.15 ...
SoFiSelect500 SFY .9 114.02 +2.67 .5521
JPMBetaJapan BBJP 2.7 55.92 +1.83 1.5347 iSh3-7YTreaBd IEI 3.2 115.65 +0.09 .2955 FidTotalBd FBND 4.7 45.01 +0.09 .238 iShCoreS&P SC IJR 2.0 119.07 +1.08 .3263 JPM EqPrem JEPI 7.1 59.10 +0.60 .3948
SPDR S&PMdCpTr MDY 1.1 597.49 +6.38 1.6495
JPMCorePlusBd JCPB 5.1 46.20 +0.08 .1962 iSh20+YTreaBd TLT 4.3 87.22 +0.03 .3083 FinSelSectorSPDR XLF ... 50.85 +0.62 ... iShCoreS&PTotUS ITOT 1.2 133.78 +2.31 .4656 JPM Income JPIE 6.1 45.85 +0.04 .2263
SPDR S&P Biotch XBI .1 92.46 +4.49 .0152
JPMUltShMuni JMST 3.3 50.86 +0.04 .1224 JPMNasdEqPrem JEPQ 9.4 58.07 +0.80 .4558 FT InstPfdSecs FPEI 5.6 18.66 –0.07 .087 iShCoreUSAggBd AGG 3.7 97.01 +0.09 .2948 JPMUSDEMSovBd JPMB 6.2 38.49 +0.20 .2185
SPDRS&POil&Gas XOP 2.3 140.74 –4.71 .8959
NeosS&P500Hi SPYI 11.9 51.75 +0.07 .5167 PacerUSLCCash COWG .4 33.88 +0.63 .0502 FT MstarDiv FDL 4.1 41.25 +0.13 .4898 iShUSMedDevices IHI .4 63.87 +2.03 .0314 JPM USQualFactor JQUA 1.2 59.42 +0.93 .2402
SPDR S&P Retail XRT 1.5 80.33 +1.90 .1242
-1xShVIXFutures SVIX ... 27.09 +1.19 ... ProShUltPrQQQ TQQQ 1.2 86.75 +3.61 .2754 FT PfdSecs FPE 5.7 17.72 –0.04 .0931 iShFlexibleIncmAct BINC 6.1 52.38 +0.12 .2376 JPM UltShIncm JPST 5.1 50.53 +0.04 .2068
SprottUranium URNM 2.9 43.79 +1.96 1.2782
PacerUSCashCows COWZ 1.8 58.67 +0.25 .2376 ProShUltShQQQ SQQQ 11.4 27.93 –1.26 .8168 FT TCWUnPlBd UCON 4.9 24.61 –0.07 .095 iShFutureAI ARTY ... 40.58 +1.67 ... KraneCSICnInt KWEB 3.4 30.54 +1.16 1.0249
TRoweCapAppr TCAF .4 34.54 +0.73 .1446
PacerUSSCCash100 CALF 1.0 45.25 +0.07 .142 RoundMagSeven MAGS ... 56.32 +0.88 ... FT ValLineDiv FVD 2.2 44.43 +0.35 .2752 iShGlobalEnergy IXC ... 40.26 –0.86 ... MatlsSelSector XLB 1.8 89.00 +0.67 .4443
TechSelectSector XLK .6 239.30 +5.19 .386
ProShS&P500Arist NOBL 2.0 101.85 +0.72 .5863 Tradr1.5XShNVDA NVDS 15.8 22.67 –1.36 3.5859 FlexiBx3YDurTIPS TDTT 3.7 23.78 +0.02 .0601 iShGlobalREIT REET 3.6 24.37 +0.35 .2527 MicroFANG-3XInvr FNGD ... 11.51 –1.61 ...
TeucriumWheatFd WEAT ... 4.84 +0.09 ...
ProShShtVIXST SVXY ... 52.11 +1.23 ... Tradr2XShTSLADly TSLQ 5.3 24.82 +2.27 1.3242 FrankDynMuniBd FLMI 4.1 24.48 +0.04 .0904 iShGoldTr IAU ... 52.31 +1.32 ... MicroFang+3x FNGU ... 672.80 +75.80 ...
USGlobalJets JETS ... 26.25 +0.06 ...
ProShUltVIXST UVXY ... 17.82 –1.49 ... USTrea3mBill TBIL 5.0 50.00 +0.04 .1812 MicroGold3XInvr GDXD ... 12.00 –1.29 ...
UtilitiesSelect XLU 2.8 79.49 +0.65 .628
ProShVIXSTFut VIXY ... 41.06 –2.08 ... VanEckGlFallAngHY ANGL 6.2 29.03 +0.13 .1511 MicroGold3xLvgd GDXU ... 36.98 +3.32 ...
VanEckBDCIncm BIZD ... 17.26 +0.20 ...
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

RoundN-1000DTE QDTE 34.2 40.65 +0.35 .3643 VanEckSemicon SMH ... 261.53 +3.28 ... PGIM AAA CLO PAAA 5.8 51.45 +0.06 .2492
VanEckGoldMin GDX ... 37.95 +1.20 ...
T-Rex2XInvrBTC BTCZ ... 4.52 –0.02 ... VangdEM GovBd VWOB 6.0 63.96 +0.31 .325 PGIMUltraShBd PULS 5.6 49.73 +0.06 .2504

Selected ETF Leaders

VanEck IG FR FLTR 5.9 25.53 +0.02 .1257
T-Rex2XInvrMSTRDly MSTZ ... 15.52 +3.05 ... VangdIntrCorpBd VCIT 4.4 80.42 +0.19 .3119 PimcoEnhShMat MINT 5.2 100.67 +0.09 .40
VanEckJPMEMLCBd EMLC 6.4 23.81 +0.68 .1156
T-Rex2XInvrNVIDIA NVDQ ... 2.83 –0.23 ... VangdIntermTrea VGIT 3.7 58.06 +0.05 .1901 PimcoMultiBd PYLD 5.9 26.08 +0.07 .13
VanEckJrGoldMin GDXJ ... 47.63 +1.61 ...
T-Rex2XInvrTesla TSLZ ... 2.30 +0.20 ... VangdLTCorpBd VCLT 5.2 74.97 +0.30 .3563 ProShBitcoin BITO 51.4 25.44 –0.05 1.1131 VanEckMerkGold OUNZ ... 26.72 +0.66 ...
T-Rex2XLgMSTRDly MSTU ... 10.45 –2.68 ... VangdLongTrea VGLT 4.3 55.20 +0.04 .2075 ProShShBitcoin BITI 4.4 21.23 +0.02 .0513
iShares Core MSCI VanEckOilSvcs OIH ... 290.18 –9.33 ...
T-Rex2XLgNVIDIA NVDX ... 15.40 +0.93 ... VangdMBS VMBS 3.9 45.32 +0.01 .1522 3.05% ProShShtDow30 DOG 5.9 25.54 –0.51 .4329 VanEckUranium NLR ... 95.64 +8.38 ...
T-Rex2XLgTesla TSLT ... 37.15 –3.81 ... VangdRuss1000Grw VONG .5 106.97 +2.25 .1378 EAFE (IEFA) ProShShrtQQQ PSQ 8.1 36.22 –0.50 .6991 VangdDivApp VIG 1.7 202.27 +3.12 .8756
2xBitcoinStrategy BITX 8.7 63.57 –0.35 .5768 VangdRuss1000Val VONV 1.9 85.10 +1.04 .437 ProShShRuss2000 RWM 6.2 18.17 –0.24 .298 VangdEnergy VDE 3.0 128.86 –3.90 .966
2xEther ETHU .7 7.37 –0.92 .0029 VangdRuss2000 VTWO 1.2 92.48 +1.33 .3314 ProShShrtS&P500 SH 6.4 41.02 –0.66 .7039
Vanguard FTSE VangdExtDuratn EDV 4.7 66.96 –0.01 .8377
2xLongVIXFut UVIX ... 27.42 –2.98 ... VangdSTCpBd VCSH 3.9 78.26 +0.13 .2798 2.99 ProShUltBitcoin BITU .1 60.94 –0.19 .0045 VangdFTSEAWxUS VEU 3.1 59.53 +1.59 .9403
VanEckHYMuni HYD 4.3 51.77 +0.08 .2133 VangdShtTmInfltn VTIP 2.7 48.71 +0.01 .529 Developed Markets ProShUltBlmCrude UCO ... 29.23 –1.19 ... VangdFTSEDevMk VEA 3.2 50.02 +1.45 .7126
VanEckIntermMuni ITM 2.7 45.89 +0.06 .0999 VangdShortTrea VGSH 4.2 58.31 +0.05 .2006 (VEA) ProshUltBbgNtGas BOIL ... 65.54 –1.85 ... VangdFTSE EM VWO 3.2 44.58 +0.78 1.0656
VanEckMstrWd MOAT ... 95.81 +1.69 ... VangdTotalBd BND 3.7 72.04 +0.09 .2334 SPDR Gold Shares ProShUltraEther ETHT .0 20.67 –2.65 .0026 VangdFTSE Europe VGK 3.4 67.21 +2.14 .7194
VangdUltShrtBd VUSB 5.1 49.77 +0.06 .2095 VangdTotIntlBd BNDX 4.2 48.88 –0.02 1.0139 2.56 ProShUltraQQQ QLD .2 115.49 +3.30 .0614
(GLD) VangdGrowth VUG .5 424.02 +8.11 .5344
VangdTotIntlStk VXUS 3.2 61.08 +1.58 1.0049 ProShUltraS&P SSO .8 99.05 +3.27 .2446 VangdHiDiv VYM 2.6 133.06 +1.37 .9642
NASDAQ VicShFreeCashFlow VFLO 1.1 35.88 +0.09 .0062 ProShUltSemi USD .1 72.82 +3.09 .0658 VangdInfoTech VGT .6 640.13 +12.66 .7766
CoinValkyrieBTC BRRR ... 29.69 +0.03 ... WT USQltyDiv DGRW 1.5 83.83 +1.43 .1552 Vanguard FTSE ProShUltSilver AGQ ... 37.89 +0.19 ... VangdIntermBd BIV 3.8 74.79 +0.09 .2533
1.78
CoinValkBTCMin WGMI .2 26.22 +0.85 .0493
NYSE ARCA
Emerging Markets ProShUltDow30 UDOW .8 106.48 +6.35 .1485 VangdLongTermBd BLV 4.7 68.46 +0.16 .2752
DefDlyTarget2XLg AVGX ... 35.46 +1.92 ... ProShUltRus2000 URTY .4 53.85 +2.08 .2466
(VWO) VangdMC VO 1.4 277.33 +3.51 1.0928
DefDlyTgt2xLg MSTX ... 48.85 –13.06 ... AGF USMktNeut BTAL 1.2 17.78 –0.15 .6449 ProShUltS&P500 UPRO .8 97.84 +4.74 .2546 VangdRealEst VNQ 3.8 90.71 +1.06 .8555
DefDlyTarget2XLg SMCX ... 44.48 +5.96 ... ARK Innovation ARKK ... 62.33 +2.72 ... SPDR S&P 500 ETF ProShUltShDow30 SDOW 2.3 44.70 –2.94 1.1659
1.75 VangdS&P500ETF VOO 1.2 559.01 +9.55 1.7385
DefianceQuantum QTUM .6 84.20 +2.32 .0751 abrdnBbgAllCmdK1 BCI 3.2 20.64 –0.06 .6507 Trust (SPY) ProShShtRus2000 SRTY 10.4 16.94 –0.73 .4496 VangdST Bond BSV 3.4 77.39 +0.07 .2404
DirexAAPLBear1X AAPD 4.0 17.17 +0.55 .1606 abrdnPhysGold SGOL ... 26.45 +0.68 ... ProShUltSh&P500 SPXU 10.6 20.29 –1.03 .4817 VangdSC VB 1.2 251.81 +3.29 .9036
DirexAAPLBull2X AAPU 2.9 29.46 –2.04 .2953 AdvShPureUSCan MSOS ... 3.54 –0.05 ... ProShUltShBitcoin SBIT 1.8 9.01 –0.03 .0007 VangdTaxExemptBd VTEB 3.1 50.00 +0.06 .1345
Vanguard Total Stock ProShUltShBbgCrd SCO ... 15.85 +0.65 ...
DirexAmznBl2X AMZU 2.2 47.59 +3.40 .2818 AlerianMLPETF AMLP 7.1 52.10 +0.39 .95 1.72 VangdTotalStk VTI 1.2 301.30 +5.10 .9412
DirexGooglBl2x GGLL 2.2 50.57 +2.02 .3403 AmplifyAltHarvest MJ 8.1 2.12 –0.02 .0242 Market (VTI) ProShUltShBlmGas KOLD ... 32.68 +0.38 ... VangdTotWrldStk VT 1.9 121.90 +2.42 .8774
DirexMETABull2X METU 1.2 40.13 +4.10 .2572 AmplifyJrSilver SILJ 6.7 10.74 +0.17 .7206 ProShUltShQQQ QID 11.0 30.50 –0.90 .5139 VangdValue VTV 2.2 177.25 +2.57 .9802
DirexNFLXBull2X NFXL 1.5 43.70 +9.55 .1591 AvantisEM AVEM 3.1 59.84 +1.02 1.2961 Vanguard Dividend ProShUltShS&P500 SDS 8.5 18.36 –0.61 .4232 VirtusInfrUSPfd PFFA 9.1 22.18 –0.08 .17
DirexNVDABear1X NVDD 5.3 6.04 –0.21 .0793 AvantisIntlSCVal AVDV 4.2 66.47 +1.51 1.6205 1.57 ProShUltShSilver ZSL ... 36.95 –0.41 ... WT Bbg USD Bull USDU 1.0 27.39 –0.45 1.0985
DirexNVDABull2X NVDU 1.8 103.27 +6.44 .6505 AvantisUSSCValue AVUV 1.6 99.82 +0.50 .4345
Appreciation (VIG) RealEstSectorSPDR XLRE 3.4 41.55 +0.47 .4336 WT FRTrea USFR 5.2 50.48 +0.03 .2026
DirexPLTRBl2X PLTU .5 29.41 +4.95 .0335 BitwiseBitcoin BITB ... 57.08 ... ... SPDRBlackSrLoan SRLN 8.7 41.99 +0.05 .304 WT IndiaEarn EPI .3 43.55 –0.48 .1206
DirexTSLABr1x TSLS 7.8 7.85 +0.37 .0665 BreakwDryBulk BDRY ... 5.14 –0.58 ... Invesco QQQ Trust SPDRBBCpBd SPBO 5.3 28.72 +0.09 .1258 XtrkHarvCSI300 ASHR 1.1 26.42 +0.49 .2995
DirexTSLABl2x TSLL 1.4 27.09 –2.82 .1399 CapitalGrpCoreBal CGBL 1.9 32.28 +0.56 .2058 1.51 SPDRBlmCvSecs CWB 1.8 80.54 +0.64 .0712
(QQQ) XtrkMSCIEAFE DBEF 1.2 43.22 +0.74 .2971
DirexTSMBull2X TSMX ... 36.62 +3.20 ... CapitalGrpCoreBd CGCB 4.0 25.80 +0.02 .084 SPDR Blm HY Bd JNK 6.5 96.81 +0.36 .5279 XtrkMSCIEMClimt EMCS 2.1 27.06 +0.63 .0882
ER Private-Pub XOVR ... 19.23 +0.51 ... CapGrpCore CGUS 1.0 36.30 +0.79 .1074 SPDRBlmInvGrdFR FLRN 5.8 30.84 +0.01 .1453 XtrkUSDHYCpBd HYLB 6.2 36.58 +0.11 .2191
FT BuyWrite FTHI 8.5 23.60 +0.06 .172 CapGrpCorePlus CGCP 5.2 22.27 +0.05 .0859 iShares Core S&P SPDRBbg1-3MTB BIL 5.0 91.69 +0.06 .3713 YieldAIOptIncmStr AIYY 109.0 7.70 ... .3763
0.92
FT EnhShtMat FTSM 4.9 59.95 +0.04 .23 CapGrpDivVal CGDV 1.5 36.64 +0.82 .1849 Small Cap (IJR) SPDRBlmSTHYBd SJNK 7.4 25.58 +0.08 .1579 YieldBitcoinOpt YBIT 87.4 12.74 –0.70 .7893
FT GlTactCommod FTGC 2.9 24.94 –0.08 .1846 CapGrpGlbGrw CGGO 1.0 30.84 +0.97 .1259 SPDR DJIA Tr DIA 1.5 444.12 +9.40 .1624 YieldCoinOpt CONY 132.6 13.91 +0.29 .8339
FT NasdCybersec CIBR .3 66.77 +2.03 .0812 CapitalGrpGrw CGGR .3 39.50 +1.00 .0654 SPDREuroStx50 FEZ 2.7 52.16 +1.73 .0845 YieldMRNAOptIncm MRNY 151.2 4.62 +0.52 .2509
FT RBA AmerInd AIRR .2 83.22 +1.04 .0561 CapGrpIntlFocus CGXU 1.0 25.94 +0.81 .0952
Vanguard Total Bond SPDRGoldMini GLDM ... 54.91 +1.38 ... YieldMSTROpt MSTY 177.3 27.94 –1.93 2.2792
0.13
FT RisingDivAch RDVY 1.6 62.52 +0.34 .2956 CapGrpUSMult CGMS 5.9 27.50 +0.11 .127 Market (BND) SPDR Gold GLD ... 255.65 +6.38 ... YieldMagn7Fd YMAG 38.5 18.93 +0.14 .1979
FT SMID CapRising SDVY 1.5 37.80 +0.30 .1821 CommSvsSPDR XLC 1.0 100.41 +3.02 .2544 SPDR MSCI exUS CWI 2.8 28.92 +0.73 .4159 YieldNVDAOpt NVDY 85.8 23.07 +0.38 .8983
FT TCW Opp FIXD 4.3 42.85 –0.10 .145 CnsmrDiscSel XLY .7 230.01 +0.79 .4331 Source: Barron’s Statistics SPDRNuvBBHYMuni HYMB 4.3 25.68 +0.15 .0925 YieldTSLAOpt TSLY 79.9 13.31 –1.18 .717
GlbXAI&Tech AIQ ... 40.76 +1.30 ... ConsStaplesSPDR XLP 2.8 77.90 +0.66 .6024 SPDRNuveenMuniBd TFI 3.0 45.50 +0.10 .1173 YieldUltOptIncm ULTY 131.4 8.79 +0.13 .5715
GlbXNasd100Cv QYLD 11.5 18.54 –0.04 .1877 DimenCoreFxIncm DFCF 4.6 41.30 +0.03 .1859 SPDRNuveenSTMuni SHM 2.1 47.52 +0.04 .0925 YieldUnivFdOpt YMAX 46.9 16.89 +0.12 .227
 46 BARRON’S January 27, 2025

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 Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr.
The listings include the top 2000 NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret.

Cash Track
open-end funds by assets. These Avantis US Eq 19.28 0.27 4.4 40.1 Ave Maria Funds: StrgVal I 46.92 0.67 5.6 47.2
funds value their portfolios daily Avantis US SCV 17.71 0.08 3.8 35.2
and report net asset values (the Bond n 12.17 -0.03 0.8 10.2 BNY Mellon Funds Tru:
dollar amount of their holdings CAIntTf 11.12 0.01 -0.3 0.9 Growth n 49.21 0.83 3.8 36.7 BondFd 10.77 0.01 0.0 -6.0
divided by the number of shares American Century Inv: RisingDivd n 23.67 0.00 4.1 35.2 MCMultiStrM 15.09 0.24 5.2 24.8
outstanding) to the National
Balanced n 20.16 0.23 2.3 16.6 NtlIntmMuni 12.88 0.02 0.0 0.6
Stocks to Bonds: Investors pulled back from stocks, turning equity fund inflows into an outflow that
Association of Securities Dealers.
Total returns reflect both price CaHYMu n 9.71 0.01 -0.4 -1.8 B BrandesInstIE I : averaged $2.6 billion a week in the last month. Taxable-bond funds gained share, as their weekly inflow rose
changes and dividends; these DiscCoreVal n 38.03 0.38 4.0 17.2
Baird Funds: BrandesInstIE I 21.66 NA NA NA 150%, to $6.6 billion. Muni-bond funds flipped from outflows, to inflows that average $560 million a week. At
figures assume that all distribu- EqGro n 34.84 0.61 3.7 35.1
tions are reinvested in the fund. AggBdInst 9.67 0.02 0.2 -4.0
Brown Advisory Funds: money-market funds, inflows ticked down, to a weekly average of $20.8 billion.
Because Lipper is constantly up- EqInc n 8.62 0.06 3.2 17.3
CorBdInst 10.02 0.01 0.1 -2.6 SmallCapFndInst29.00 0.17 1.9 25.7
dating its database, these returns FocusDynamGrowth n 72.91 2.16 5.1 52.0
IntBdInst 10.30 0.01 0.3 1.4 SmCapGrInv n 23.50 0.45 5.1 9.2
may differ from those previously Grwth n 60.14 1.32 3.7 46.2 Equity Funds Municipal Bond Funds
published or calculated by others. Heritage n 25.61 0.68 7.7 38.4 QualIntMunBdInst 11.00 0.02 0.1 1.1
3 year returns are cumulative. The ShtTBdInst 9.49 0.01 0.3 7.7
C 18200 1100
NAV is the last reported closing InfAdjBd n 10.42 0.02 0.8 -5.2
price for the week. Footnotes: NA: Intl Gr n 12.97 0.49 5.5 0.7 Baron Funds: Calamos Funds:
not available. NE: performance
11600 680
MdCapVal n 15.98 0.12 2.9 17.9 Asset n 95.38 2.09 4.5 16.7 Gr&IncA 50.38 0.85 3.5 31.9
excluded by Lipper editor. NN: fund Growth n 91.33 0.78 1.9 9.9
not tracked. NS: fund not in OneChAgg n 16.70 0.27 3.3 17.6 Gr&IncI 47.68 0.82 3.6 32.9 5000 260
existence for whole period. e: ex OneChCon n 13.35 0.12 2.0 8.3 Opportunity n 49.62 1.04 5.3 53.3 GrowthA 46.39 1.22 4.6 45.4
capital gains distributions. f: OneChMod n 15.68 0.22 2.8 12.7 Partners n 214.07 -3.65 1.7 26.9
previous day’s quote. n: no front-
MktNeutA 15.23 0.03 0.7 14.0 -1600 -160
OneChoiceRet n 12.62 0.12 2.0 9.8 SmallCap n 32.35 0.81 7.1 23.9 MktNeutI 15.03 0.03 0.7 14.8
or back-end sales charge. p: fund
Select n 125.75 2.27 3.1 44.0 Baron Instl Shares:
assets are used to pay marketing Calvert Group: -8200 -580
and distribution costs (12b-1 fees). SmCapGrowth n 22.82 0.25 6.5 21.4 AssetInst 102.58 2.25 4.5 17.6 CalLngTrmInFdClI 15.53 0.00 0.1 -4.0
r: fund levies redemption fee or SmCpVal n 10.78 -0.02 3.6 14.9 DiscoveryInst 35.03 0.91 7.6 23.0 Nov Dec Jan Nov Dec Jan
back-end load. s: stock dividend or Calvert Investments:
Sustain Equity n 54.92 1.00 3.7 35.1 EmergingMktsInst 15.19 0.11 1.2 -8.5
split of 25% or more. t: fund charges Bal A 45.55 0.61 2.6 27.9
12b-1 fees (for marketing and Ultra n 96.01 1.75 2.9 47.3 FocGrowthInst 50.84 0.70 2.8 37.9
Eq A 79.64 1.48 3.9 22.0
Money Market Funds Taxable Bond Funds
distribution) and a back-end load. Value n 7.98 0.07 3.6 22.6 GrowthInst 97.41 0.84 1.9 10.8 46200 9200
v: capital-gains distribution may be American Century R6: LCCoreReIdxA 51.49 0.97 4.0 40.1
OpptortunityInst 53.14 1.12 5.3 54.5
a return of capital. x: ex cash Carillon Reams:
dividend. AmCentUltraFdR6103.59 1.89 2.9 48.9 PartnersInst 223.56 -3.80 1.7 27.8 38400 7100
Growth 62.74 1.39 3.8 47.8 RealEstateInst 41.12 0.53 2.7 14.2 CorePlBd I 29.13 0.04 0.1 -3.5
Net YTD 3-Yr. UnconstrndBd I 12.19 0.03 0.2 8.6
NAV Chg. % Ret. % Ret. MdCapVal 16.00 0.12 3.0 19.2 SmallCapInst 35.41 0.89 7.1 24.9 30600 5000
SmCapGrowth 24.54 0.28 6.5 22.8 Bernstein Fds: Carillon Scout:
A SmCpVal 10.93 -0.02 3.5 16.1 MidCap I 24.50 0.34 5.7 30.7
Ca Mu n 13.78 0.01 -0.1 3.2 22800 2900
American Century Y: DivrMuni n 13.82 0.01 0.0 2.3 CausewayInst :
AAM: EmMkts n 27.85 0.50 3.1 -1.3 CausewayInst 19.42 0.61 4.6 28.6
EqInc 8.65 0.07 3.3 18.6 15000 800
B&GIncGroClI 25.59 0.34 3.0 24.7 IntTF 10.68 0.02 0.0 0.7 IntDurInstl 12.73 0.01 0.1 -5.3 CIBC Atlas:
AB Funds: American Funds Cl A: IntmDur n 11.07 0.00 0.1 -6.2 DispEq Inst 32.25 0.71 3.7 31.2
Nov Dec Jan Nov Dec Jan
AlBeGblBndFdClZ 6.85 0.00 -0.1 -2.1 2015TarRetA 12.48 0.13 2.1 11.0 NY Mun n 13.41 0.01 0.1 2.3 ClearBridge: A red chart indicates a lower value than the starting period. Green means it's higher than the starting period.
CapFdInc.LCapGow115.67 3.67 5.8 45.5 2020TarRetA 13.72 0.16 2.4 12.1 BlackRock Funds: AggressGrowthA103.58 2.85 5.7 21.0 The charts above show four-week moving averages of net cash flow in millions of dollars. BARRON'S • Lipper FMI
IntlStraEquPtZ 13.39 0.39 5.2 14.8 2025TarRetA 15.47 0.19 2.5 12.9 CoreBd Inst 8.11 0.01 0.1 -5.9 AppreciationA 36.04 0.76 3.9 41.8
MuniIncmShares 11.13 0.02 -0.1 0.0 2030TarRetA 17.70 0.26 2.9 16.3 CoreBd K 8.13 0.00 0.0 -5.8 AppreciationI 35.69 0.76 4.0 43.0
SmCapGrwPortZCl 78.58 1.36 6.3 10.1 2035TarRetA 19.58 0.33 3.4 20.4 CreStraInc Inst 8.95 0.01 0.3 6.6 DividendStrat1 n 30.68 0.47 3.4 33.7 Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr.
AB Funds - A: 2040TarRetA 21.26 0.44 4.1 25.1 HiYBlk 7.15 0.01 1.1 14.2 DividendStratA 30.65 0.47 3.4 32.6 NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret.
GrowthA 116.37 3.72 5.9 53.8 2045TarRetA 21.96 0.48 4.3 26.1 HiYInvA 7.15 0.02 1.2 12.8 DividendStratI 31.98 0.49 3.4 33.7 STBd I 9.77 0.00 0.4 9.5 DFARlEst 40.73 0.41 1.3 -2.2 AtlCpSMID 35.75 0.21 3.1 29.5 BalancedK6 16.40 0.21 2.8 27.3
HighIncomeA 7.04 0.02 1.0 12.3 2050TarRetA 21.65 0.48 4.3 26.4 HiYldBd Inst 7.15 0.01 1.1 13.9 LargeCapGrowthA 65.14 1.83 4.5 46.6 StratInc I 21.29 0.05 0.4 3.9 EmgMkt 29.09 0.47 1.8 3.1 DivBldrA 16.50 0.28 4.3 26.8 Contrafund K6 33.00 1.03 6.1 61.8
LgCpGrA 101.50 3.22 5.8 44.1 AmcpA 44.71 1.09 4.7 35.4 InflProtBdInst 9.66 0.02 0.7 -3.7 LargeCapGrowthI 78.34 2.21 4.5 48.0 Thermostat I 16.15 0.10 1.3 8.6 EmgMktSoCoEq 14.71 0.23 1.2 2.7 FltgRtAdvg 10.03 NA NA NA EmgMktIdxInstPre n 10.69 0.18 2.2 -3.6
RelatValA 6.45 0.04 4.0 28.0 AMutlA 57.48 1.11 4.2 29.4 LDurBlk 9.06 0.01 0.4 7.2 LargeCapValueA 41.30 0.52 4.5 25.6 TotReBd I 29.77 0.02 0.1 -7.3 EmgMktVa 30.12 0.40 0.7 10.4 NatlMuniInc 9.16 0.01 -0.3 0.0 ExtMktIdxInstPre n 96.02 1.51 5.7 28.1
SustGlblThemGrA150.25 3.71 4.9 7.4 BondA 11.12 0.00 0.1 -5.8 LowDurI Inst 9.07 0.01 0.4 7.0 LargeCapValueI 41.20 0.52 4.5 26.4 Columbia Class I2: EmMktCorEq 23.50 0.33 0.9 5.8 ShDurStratIncFd 6.64 NA NA NA FidAdAsset 13.70 0.08 1.2 6.0
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

AB Funds - ADV: BalA 35.58 0.57 3.6 24.7 BlackRock Funds A: MidCapA 36.00 0.77 6.3 10.0 ContCore I2 37.86 0.71 3.9 46.6 EmMktSmCp 23.04 0.21 -0.7 6.3 TMG1.0 n 2694.78 58.59 4.1 46.9 FidAdAsset 13.20 0.14 2.1 9.8
CapIBA 71.09 1.14 3.1 17.1 AdvLCGrwA 24.48 0.63 4.5 50.8 SmallCapGrowthA 37.05 NA NA NA DivIncom 35.03 0.39 4.1 32.3 Fixd 10.26 0.01 0.3 9.9 TMG1.1 121.15 2.63 4.1 45.8 FidFreeBlend 11.19 0.14 2.5 9.5
BdFdTxAwFxInOpp 10.56 0.02 0.1 1.8
CapWA 15.73 0.15 0.6 -14.0 AdvLgCapCore 21.55 0.44 4.6 42.1 SmallCapGrowthIS 43.01 NA NA NA SelComunInfo 159.41 4.81 6.5 52.2 GblAll60 40Inst 21.41 0.22 2.3 19.3 TMG1.2 54.73 1.19 4.1 45.1 FidFreeBlend 11.56 0.16 2.8 12.0
CAPtf 10.43 0.01 -0.4 1.2
CapWGrA 66.72 1.85 5.0 27.3 BalCapFd 26.45 0.34 2.7 20.4 SmallCapGrowthI 41.91 NA NA NA SmCapIndx 24.63 0.23 3.4 16.3 GlAll25 75Inst 13.87 0.07 1.2 11.1 WW Hlth Science 13.62 0.50 5.3 16.7 FidFreeBlend 12.24 0.19 3.2 16.3
ConGroAdv 54.79 1.48 3.7 15.4 FidFreeBlend 13.11 0.26 4.1 23.1
EupacA 56.70 1.90 5.5 6.8 BasicVal 18.97 0.21 4.2 26.7 Clipper: Columbia Class I3: GlEqInst 35.31 0.59 3.8 30.5 Eaton Vance Class I:
GlbBd 6.85 0.01 -0.1 -2.2 FidFreeBlend 12.93 0.24 3.9 21.4
FdInvA 85.50 2.12 5.9 47.9 CapAppr 38.89 1.25 5.1 49.0 GlRESec 10.27 0.12 1.7 -6.5 AtlCpSMID 42.86 0.25 3.1 30.5
HiIncmAdv 7.05 0.01 1.0 13.1 ClipperFd n 144.68 3.34 6.2 36.9 Balanced I3 53.24 0.66 2.5 24.5
GBalA 37.81 0.66 3.1 11.0 EqtyDivd 19.72 0.24 4.5 23.4 InfProtSec 10.84 0.03 0.7 -4.0 FidFreeBlend 13.08 0.26 4.1 23.1
IntlSmCapPtADV 11.87 0.22 1.5 4.5 Cohen & Steers: Bond I3 29.13 0.00 0.1 -5.2 FloatRtHiInc 8.31 NA NA NA
GovtA 11.72 -0.01 0.0 -6.8 GlblAlloc 19.16 0.37 3.4 11.7 IntGvFxdInc 10.82 0.01 0.2 -7.0 FidFreeBlend 13.16 0.27 4.2 23.1
IntlStraEquPtADV 13.36 0.38 5.1 14.7 GblInfrI 23.29 0.00 1.3 15.7 ContCore I3 37.90 0.71 3.9 46.8 FltgRt 8.39 0.00 0.6 18.7
GwthA 78.81 1.83 5.8 46.7 HlthScOp 66.11 2.06 5.9 18.8 IntlCoreEq 15.98 0.41 3.6 13.6 FidFreedoK 13.80 0.31 4.4 24.2
LgCpGrAdv 115.77 3.68 5.8 45.2 GlbRltyI 52.07 0.77 2.0 -9.3 DivIncom 35.10 0.40 4.1 32.5 GblMacAbR 8.49 NA NA NA
HI TrA 9.85 0.03 1.3 14.7 LgCp Focus Gr 8.14 0.26 5.2 52.1 IntlREst 3.34 0.05 2.8 -16.5 FidSAI 9.23 0.02 1.1 11.6
NationalPtf 9.60 0.01 -0.2 -0.4 InstlRlty 48.76 0.40 1.8 0.1 Commerce Funds: IncBos 5.22 0.01 0.9 14.0
HiInMuniA 15.24 0.03 -0.1 2.3 MdCpGrA 39.73 1.17 8.4 15.9 IntlSustCore1 13.00 0.41 4.2 12.8 FidSAIEmerg 13.39 0.25 2.4 11.3
SelectUSLgShrt 15.33 0.18 3.0 26.0 PrefSecIncmA 12.33 0.06 0.5 4.0 LgCpVal 26.59 0.38 4.2 25.3
ICAA 60.44 1.48 4.8 52.7 MultiAstIncome 10.24 0.07 1.8 9.2 Bond n 17.60 0.01 0.1 -3.5 IntlVal 21.57 0.48 4.8 24.3 FidSAIIntern 12.85 0.44 4.8 12.4
SmCapCorePortADV 12.50 0.13 4.3 19.7 PrefSecIncnI 12.37 0.06 0.6 4.9 NatlMuniInc 9.16 0.01 -0.3 0.7
IncoA 25.24 0.34 3.4 18.3 NatlMuni 10.01 0.01 -0.3 -2.5 Community Capital Tr: IntlVectorEq 13.98 0.34 3.6 14.4 FidSer5 7.43 0.04 0.8 -13.3
SmMdCpGr 14.28 0.26 7.0 16.1 RltyIncA 16.33 0.15 1.7 -1.7 Edgewood Growth Instituti:
CRAQualInvFd 9.37 0.01 0.1 -3.7 IntrLrgCpGroPor 16.70 0.56 4.8 10.1 FidSer0-5 9.71 0.00 0.5 7.7
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

IntBdA 12.40 0.00 0.2 0.3 ScTechOppA 70.23 2.55 6.7 45.2
SmMidCpValAdv 22.47 0.33 4.4 17.2 RltyIncI 17.57 0.16 1.8 -1.0 IntSmCo 19.89 0.48 2.5 7.1 EdgewoodGrInst 46.17 1.11 4.2 22.5 FIDSerEmgMkt 8.88 0.14 2.3 -5.7
IntlGrIncA 37.47 1.10 4.5 8.8 StratMuniOpp 10.48 0.02 0.0 -3.5 Congress:
SustGlbThemAdv164.62 4.08 5.0 8.3 RltyShs n 66.92 0.56 1.8 0.0 IntSmVa 22.63 0.53 3.2 21.5 FidSerInt 8.62 -0.01 -0.7 -4.3
LtdTEBdA 15.30 0.03 0.2 2.2 StrtIncOpptyInvA 9.50 0.03 0.6 7.3 SmCapGw Inst 48.28 0.15 4.8 24.9 F
SutblIntlThemat20.66 0.60 5.0 -3.8 Colorado BondShares: IntTermMuni 10.03 0.01 0.1 2.7 FidSerToMarket 19.97 0.34 4.0 42.2
N PerA 65.25 1.86 5.1 24.6 TotRet 9.70 -0.01 0.0 -6.6 Credit Suisse Common:
TxMgdWlthAppAdv 23.20 0.55 4.8 29.8 ColoradoBdShs 8.91 NA NA NA IntVaIII 18.53 0.41 4.7 24.4 FIDSerTresIndxFd 9.95 0.00 0.3 12.5
NEcoA 65.18 2.06 6.6 38.3 BlackRock Funds III: ComdtyRet 23.74 0.01 5.2 11.3 Fairholme:
WlthApprStr 21.82 0.53 5.0 31.0 NwWrldA 79.82 1.93 3.6 7.0 Columbia Class A: ITExQual 9.51 0.02 0.1 -3.0 FIDZroExtMktIx n 14.26 0.21 4.8 23.7
AB Funds - I: iShS&P500IdxK714.28 12.36 3.8 44.8 CrossingBridge: Fairholme n 31.28 -0.14 5.5 10.7
SmCpA 69.69 1.45 3.4 0.8 AMTTEBd 14.65 0.04 -0.2 -2.4 LgCo 40.47 0.70 3.8 44.6 FIDZroLgCpIx n 21.75 0.38 4.0 45.5
iShUSAggBdIdxK 8.89 0.01 0.1 -5.0 LwDurHYld Inst 9.76 NA NA NA FAM Dividend Focus:
LgCpGroI 114.82 3.65 5.8 45.1 STBFA 9.54 0.01 0.4 5.0 BalancedA 52.65 0.65 2.5 23.3 LgCpIntl 27.90 0.78 4.4 16.0 Flex 500 Index 26.04 0.45 3.8 44.9
BlackRock Funds Inst: FAMDivFocFd n 58.22 0.60 4.9 28.3
Advisers Inv Trst: STTxExBdA 9.94 0.01 0.3 3.7 BldrAggrsv 13.43 0.25 3.4 22.4 Cullen Funds: SclCrEqInst 14.94 0.39 3.8 12.3 FlexIntIdx 13.45 0.35 3.9 10.0
AdvIntl Inst 19.43 0.46 4.4 20.3 SelHdgGlFxd 9.22 0.01 0.3 5.9 FAM Value: FlexMuniInc 9.78 0.02 -0.1 1.6
Balanced n 90.05 1.14 2.2 27.5 TECAA 16.62 0.02 -0.3 0.0 BldrMod 10.65 0.14 2.3 11.7 EmrgMktHighDiv I 12.66 0.22 0.6 22.8
AdvLCGrwInst 26.41 0.69 4.6 52.0 STExQual 10.42 0.01 0.4 6.7 FAMValue n 104.23 1.93 5.0 30.3 FlexUSBdIdx 8.96 0.00 0.1 -5.2
Growth n 121.46 1.86 2.9 40.9 TxExA 12.35 0.02 -0.1 0.2 ContCoreA 36.32 0.68 3.9 45.2
AdvLgCapCore 23.00 0.47 4.6 43.2 DE STGov 9.96 0.01 0.3 6.7 Federated Hermes: Freedom2060K 15.13 0.34 4.4 24.1
AdvisorsInnerCir: WshA 64.40 1.39 4.6 41.4 DisplCoreA 15.31 0.26 4.1 41.6
BasicVal 19.53 0.22 4.2 27.7 STMuniBd 10.18 0.00 0.3 5.9 FreeInd2065Prem 15.17 0.28 3.5 23.1
LSVValEq 27.34 0.26 4.3 26.9 AMG Funds: DivIncA 34.31 0.39 4.1 31.1 FedHerMDTGro 38.59 0.92 4.7 71.0
CAInsMun 11.95 0.01 0.0 0.9 Davenport: US CoreEq1 45.05 0.70 4.2 41.5 GlexUSIdxInstPre n 14.99 0.40 4.0 10.0
Akre Funds: RRSmCapValI 16.77 NA NA NA DivOpptyA 38.92 0.40 3.8 25.8 FedHerMortStratP n 8.24 0.00 0.0 -4.4
CapAppr 45.43 1.46 5.1 50.2 Davenport Core n 37.73 0.89 4.5 42.5 US CoreEq2 40.19 0.60 4.1 40.2 GrowthCompanyK6 31.81 0.95 4.6 65.3
AMG Managers Funds: EmgMkts 23.90 0.30 1.4 -13.8 EqValA 12.70 0.21 4.1 22.6 FedHerUltBon 9.27 0.00 0.3 11.8
AkreFocusInst 70.45 1.80 4.3 38.1 EqOpp n 25.59 0.49 3.9 23.9 US Micro 29.84 0.27 2.9 25.6 InflPrBdIndInsPr n 8.95 0.02 0.7 -4.1
GWKMBd I 11.31 NA NA NA EqtyDivd 19.83 0.25 4.5 24.2 FocEqA 17.67 0.45 4.1 34.0 Federated Hermes A:
AkreFocusRtl 67.31 1.71 4.3 37.0 Val&Incm n 19.31 0.36 4.5 14.4 US Small 50.92 0.48 4.1 26.3 InterBondIndexCL n 9.26 -0.01 -0.4 0.3
YachtmanFocFd I 18.74 NA NA NA FloRateIncPorIns 9.70 0.00 0.6 21.4 GlobTech 77.31 2.27 6.5 51.2 EqIncA 23.05 0.32 5.3 22.7
Alger Funds A: Davis Funds A: US SmCpVal 50.21 0.27 3.5 32.8 IntlIdxInstPrem n 49.84 1.53 4.8 15.0
YacktFocFd N n 18.82 NA NA NA LgCpFocusGwth 9.19 0.30 5.1 53.2 LgCpGrowA 73.55 1.76 3.5 49.3 KaufmannA 5.85 0.19 6.0 17.0
CapApr 35.96 1.21 7.0 67.9 LgCpVl A 17.07 0.29 5.2 29.3 NYVen A 27.16 0.55 5.7 34.0 US TgdVal 35.71 0.30 3.9 32.7 IntlIndex n 11.79 0.32 4.1 10.9
YacktmanFd I 22.89 NA NA NA GlblAlloc 19.34 0.37 3.4 12.5 KaufmnSCA 49.65 1.17 5.3 7.5 IntrTresBdIxPrem n 9.44 0.00 0.1 -7.1
SpectraN 30.38 1.01 6.8 62.8 LiGoBalA 12.00 0.18 2.7 17.2 Davis Funds C & Y: USLCpGr 39.90 0.93 4.1 50.2
Angel Oak Funds Trst: GlDnymcEq 14.82 0.46 6.0 33.6 MunStkAdvA 14.98 0.10 1.7 11.7 LgCpGwId InstPre n 40.56 0.86 3.5 57.9
Alger Funds Inst: MidCapGthA 25.07 0.47 6.9 35.7 USLgVa 51.73 0.46 5.0 27.6
HiEqInc 28.77 0.34 3.3 19.8 NYVenY 28.49 0.58 5.7 35.0 StrValDivA p 6.07 0.07 3.4 21.9
CapApprI 47.04 1.59 7.0 67.6 AglOkMtiStFdClIn 8.58 NA NA NA USLgVaIII 33.23 0.30 5.0 28.0 LgCpVlIdxIstPrem n 19.00 0.23 4.7 28.0
HlthScOp 71.21 2.21 5.9 19.7 SelgComuInfoA 132.49 4.00 6.5 50.9 Del Invest Instl: Federated Hermes Int:
Amana Income: AQR Funds: USSmCpGr 30.21 0.32 5.0 32.0 LTTrsBdIdxInstPr n 9.12 0.00 -0.3 -29.3
HYMuni 9.09 0.02 0.1 -2.2 SelMidCpValA 14.27 0.13 4.1 23.7 CorpBdI 15.13 0.03 NA NA
DAFR6 12.17 0.00 0.5 6.7 USSoCoreEq2 29.99 0.48 4.3 41.7 GloFinI 37.07 1.26 5.4 15.1 MidCapK6 16.77 0.30 6.4 34.1
AmanaIncm n 66.54 1.83 3.7 28.5 Interntnl 20.44 0.58 4.7 1.3 SmCpIdxA n 23.43 0.21 3.4 15.3 Value 13.88 0.10 1.8 9.1
DivArbI 12.17 0.00 0.4 6.3 USSustCoreI 47.53 0.84 4.2 43.6 InsHiYld 8.92 0.01 1.0 9.7 MidCpGrwthIndx n 35.22 0.87 7.1 40.3
AmanaGrowth n: iShMSCIIntldx 15.98 0.48 4.8 15.0 StratIncA 21.75 0.05 0.4 3.1 Delaware Invest A:
DivStr I 12.55 0.01 1.9 39.8 USVectorEq 28.40 0.35 3.9 31.9 MDTAllCIS 48.33 0.94 5.2 60.0 MidCpInxInstPrem n 35.40 0.40 4.8 28.0
AmanaGrowth n 82.18 2.04 3.3 33.3 MdCpGrEq 46.97 1.39 8.5 16.8 TaxEA 11.80 0.03 -0.3 -1.8
LgCapDefStyle I20.84 0.18 3.0 20.5 GroInA 15.33 0.20 5.5 41.5 WexUSGov 8.37 0.00 -0.6 -8.9 MDTSmCIS 27.70 0.33 3.3 20.3 MidCpValIndex n 28.25 0.18 4.1 23.0
Amer Beacon Insti: MultiAstIncome 10.25 0.07 1.8 10.1 TechA 90.48 2.07 4.7 60.1
LgCapDefStyle R 20.79 0.18 3.0 20.8 Ntl HYlA 10.12 0.01 -0.1 -1.6 WrdEXUSTARGETVAL 14.61 0.27 1.9 13.6 TtlRtnBdI 9.33 0.01 0.0 -4.4 NewMkt I 12.78 0.08 1.3 7.7
NatlMuni 10.01 0.01 -0.2 -1.6 Columbia Class C:
LgCapinst 27.37 0.22 4.0 31.5 LgCpMultiStyle R 19.56 0.35 4.9 45.8 SmCpValA 67.73 0.05 5.2 15.2 Dodge & Cox: Federated Hermes IS: OTCK6Port 26.97 0.61 4.3 53.6
SmCpInst 25.53 0.18 3.6 24.4 NYMUNIOPP 10.52 0.01 -0.1 1.0 Balanced 52.36 0.65 2.4 20.6 TxUSA 10.44 0.02 -0.4 -3.2 PuritanK6 16.80 0.25 3.9 32.1
LngShrtEq I 16.59 0.16 3.6 82.2 Balanced n 105.30 1.48 3.5 19.4 CorpBondFdIS 8.22 -0.01 -0.1 -2.9
American Century A: ScTechOppInst 77.95 2.84 6.7 46.3 DivInc 33.00 0.36 4.0 28.2 RealEstIdxInst n 16.40 0.18 1.8 -2.9
MgdFutStrI 8.50 -0.11 -0.5 43.6 WealthBuilder p 14.99 NA NA NA Dodge & Cox n 10.60 0.08 0.9 6.2 GovUltra 9.81 0.00 0.3 11.8
StratIncOpptyIns 9.50 0.02 0.6 8.2 Columbia Class I: SAIIntlMon 14.26 0.50 4.5 19.1
EqIncA 8.62 0.07 3.2 16.5 StylePremAlt R 7.93 0.00 1.9 63.1 Deutsche DWS: GblStock n 14.44 0.37 5.3 25.0 IntEq IS 22.28 0.62 4.4 2.0
American Century G: ArbitrageI : StratMuniOppI 10.48 0.02 -0.1 -2.9 Acorn I 13.01 0.12 4.0 15.8 KaufmnLCIS 19.37 0.54 5.3 41.9 SAIIntlSmComplet 12.14 0.38 4.1 -0.2
CapGrth 124.62 3.15 4.5 42.4 Income n 12.38 0.01 0.0 -0.2
TacOpp Inst 15.02 0.04 1.1 25.0 Balanced I 52.51 0.66 2.5 24.2 KaufmnSCI 51.53 1.21 5.3 8.9 SAIUSLgCpIndxFd 24.12 0.42 3.8 44.9
GlBond 8.70 0.01 0.1 -2.1 ArbitrageI 13.64 0.08 1.6 11.6 CapGrth n 128.43 3.25 4.5 43.5 Intl Stk n 52.10 1.28 4.4 16.9
TotRet 9.70 -0.01 0.0 -5.6 ConSec I 22.65 0.28 3.9 12.5 SeriesBondFd 8.85 0.00 0.0 -5.2
InfAdjBd 10.41 0.02 0.8 -3.9 Ariel Investments: CoreEq n 35.69 0.67 4.4 43.9 Stock n 272.45 5.75 5.9 32.8 MDTMrkNIS 20.49 0.08 1.1 37.6
BNY Mellon Funds: ContCore I 36.80 0.69 3.9 46.4 SeriesOverseas 14.30 0.54 6.4 15.4
SDIPB 10.36 0.00 0.7 7.0 ApprecInv n 40.93 0.88 4.4 10.9 EqDivA 55.72 0.30 2.8 24.3 Domini Funds: MidGrStI 66.18 1.45 6.8 59.4
AMTMunBdZ n 13.29 0.02 -0.3 -0.1 CorpIncm I 9.03 0.01 0.2 -1.7 ShtlncIS 8.48 0.01 0.4 8.4 SerLTTreBdIdx 5.28 0.00 -0.3 -29.2
Sustain Equity 55.19 1.02 3.8 38.3 Ariel Inv n 75.15 1.34 3.9 14.4 MgdMuniA 8.06 0.01 -0.3 -1.8 US Equity Inv n 38.89 0.66 3.4 33.7
Aprec n 40.47 0.80 3.3 27.4 DivIncom I 34.35 0.39 4.1 32.2 StraValDivIS 6.11 0.06 3.4 22.6 smallcpvInd n 28.94 0.56 4.4 22.1
American Century I: Aristotle Value: MgdMuniS n 8.07 0.01 -0.2 -1.2 DoubleLine Funds:
Dr500In n 59.79 1.03 3.8 42.8 FlexCap 14.29 0.15 3.2 14.7 UltraShortI 9.27 0.00 0.3 11.8 SmallCapValIndx n 26.24 0.20 2.5 14.9
CaHYMu 9.70 0.01 -0.5 -1.4 Equity Fund 22.03 NA NA NA S&P500S n 49.90 0.86 3.8 43.7 CoreFxdIncmI 9.15 0.02 0.2 -3.0
Dreyf n 20.22 0.46 6.2 60.5 GlbTechGw I 95.79 2.19 4.7 61.3 SmCpIdxInstPrem n 28.65 0.39 3.5 19.1
DivBnd 9.03 0.00 0.1 -6.0 TechA 41.13 1.14 4.7 66.9 FlexibleIncomeI 8.74 0.01 0.5 8.3 FedMuniUl A 10.00 0.00 0.2 7.7
Artisan Funds: DreyMid r Inv n 29.65 0.32 5.0 28.3 LgCpGrow I 79.26 1.89 3.5 50.4 STBdIdx InstPrem n 9.87 0.01 0.2 3.9
EqInc 8.64 0.07 3.3 18.2 Diamond Hill Funds: LowDurBdI 9.61 0.01 0.3 9.9 Federated Hermes R:
GblOppInst 34.86 1.28 6.1 18.8 GlFxIncI 20.08 NA NA NA LgCpIdx I 61.46 1.06 3.8 44.2 STTreIdx InstPre n 10.16 0.01 0.3 2.8
Growth 62.41 1.38 3.8 47.1 LgCapI 33.56 0.41 3.9 19.1 LowDurBdN n 9.60 0.01 0.3 9.0 KaufmnR 5.87 0.19 6.0 17.1 TMktIdxInstPrem n 167.79 2.87 4.0 42.2
GblOppInv n 33.67 1.23 6.1 18.0 InstS&PStkIdx I 52.92 0.91 3.8 44.0 MdCpIdx I 15.22 0.17 5.0 29.5
IntTF 10.69 0.02 0.0 0.6 LgCapY 33.60 0.42 3.9 19.6 ShillerEnhCAPEI 15.62 0.31 2.0 19.2 Federated Hermes R6: TotalMarketIndex n 21.19 0.36 4.0 42.7
Intl Inv n 28.19 0.89 4.5 14.5 IntlStkI 23.88 0.74 4.8 5.6 SelComunInfo 157.94 4.76 6.5 52.1
MdCapVal 16.00 0.12 2.9 18.6 IntlInst 28.34 0.90 4.5 15.3 IntlStkY 23.56 0.73 4.8 5.8 SelLCVal 36.53 0.48 5.2 26.2 LongShortI 28.52 0.65 5.1 19.4 TotRetBdI 8.69 0.02 0.2 -3.8 FedInstHYBondL 8.93 0.02 1.0 9.8 TtlIntIdxInstPr n 13.91 0.35 3.6 9.0
SmCapGrowth 24.00 0.27 6.5 22.2 IntlVal Inst 48.64 1.03 3.4 28.8 ResrchGrA 21.05 0.55 5.7 44.1 SelMdCpVal I p 14.33 0.13 4.1 24.6 Dimensional Fds: TotRetBdN n 8.68 0.01 0.1 -4.6 StrValL 6.12 0.07 3.4 22.9 USBdIdxInstPrem n 10.20 0.00 0.0 -5.3
SmCapVal 10.93 -0.02 3.6 15.6 IntlVal Inv n 48.49 1.02 3.4 27.9 ResrchGrZ n 22.06 0.58 5.8 44.9 SmCapGth I 30.00 0.48 5.2 26.8 2TGlFxd 9.75 0.01 0.3 8.3 Dupree Mutual Fds: TtlRtnBdL 9.33 0.01 0.2 -4.3 USSusIdx n 27.04 0.51 4.2 44.1
Ultra 102.35 1.87 2.9 48.2 MidCapInst 44.58 1.25 7.1 12.9 SmCpStk r Inv n 25.00 0.23 3.4 15.3 SmCapVal I 53.09 0.18 3.4 30.0 5GlbFxdInc 10.05 0.01 0.3 4.8 KYTF n 7.16 0.04 0.1 -1.5 Fidelity: Fidelity Adv Focus A:
American Century Ins: MidCapInv n 36.30 1.02 7.1 12.1 StratValA 46.58 0.67 5.6 46.1 SmCpIdx I 23.72 0.22 3.4 16.2 CASTMuniBd 10.22 0.01 0.3 5.4 Eaton Vance Class A: 500IdxInstPrem n 211.96 3.66 3.8 44.9 HthCarA 58.64 2.00 5.4 15.4
 January 27, 2025 BARRON’S 47

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.
TechA 122.26 1.64 2.5 61.0 Freedom2015 K6 11.55 0.12 1.9 6.8 LowPriStkK6 15.15 0.20 3.6 25.6 IntMuni Z 10.07 0.02 0.1 1.7 Tax Ex n 9.94 0.02 -0.2 -1.2 Inv Mgrs Ser Trst II: DispVal I 23.74 0.39 5.7 34.8 Lazard Instl:
Fidelity Adv Focus M: Freedom2020 K 14.69 0.18 2.3 8.1 LtdTmBdFd n 11.38 0.01 0.4 6.1 FidelityAdviAsset: Trusts n 91.59 1.64 3.8 51.8 Inv Mgrs Ser Trs24.55 -0.04 1.0 13.7 DispValMCI 28.19 0.22 4.6 28.0 EmgMktEq 18.78 0.39 4.8 17.1
Tech 110.05 1.47 2.5 59.9 Freedom2020K6 14.61 0.19 2.3 8.6 MagellanK 15.77 0.47 6.4 49.6 ADVAssetMan60 15.91 0.24 2.8 14.2 GMO Trust Class III: Invesco Fds Investor: DispValMdCp 26.59 0.21 4.6 27.0 GlbLstInfr 15.77 -0.03 0.9 21.2
Fidelity Advisor: Freedom2025 K 13.98 0.20 2.7 10.1 Magin n 15.78 0.47 6.4 49.3 First Eagle Funds: EmgCntryDt 19.98 NA NA NA DispValMdCpR6 28.18 0.22 4.6 28.4 IntlEq 16.57 0.48 5.4 15.7
DivrsDiv n 18.77 0.35 5.3 28.6
FidAdBlncdFnd 30.33 0.38 2.6 NS Freedom2025K6 13.92 0.20 2.7 10.6 MAMun n 11.31 0.02 0.0 -1.2 Quality 34.03 0.92 4.4 44.8 DispValR6 23.81 0.38 5.7 35.3 IntStrtEq r 14.13 0.37 5.0 5.9
GlbA 70.09 1.66 4.6 23.9 Tech n 65.91 1.97 6.8 49.1
FidAdBlncdFnd 30.31 0.37 2.6 NS Freedom2030 K 18.07 0.29 3.0 12.7 Manager40 n 13.20 0.14 2.0 9.7 GMO Trust Class IV: JHITFunLgCpCorFd: Legg Mason I:
Gold 27.83 0.69 10.0 30.6 Invesco Funds A:
FidAdBlncdFnd 30.34 0.38 2.7 NS Freedom2030K6 17.98 0.28 3.0 13.3 Manager60 n 15.93 0.24 2.8 13.9 FunLgCpCorA 69.00 0.77 3.1 34.1
OverseasA 24.74 0.63 3.9 12.6 EmgCntrDt 19.94 NA NA NA 500InxA 64.21 1.11 3.8 42.6 IntlGrTrI 68.38 2.46 5.8 12.3
FidAdBlncdFnd 30.34 0.38 2.7 NS Freedom2035 K 16.18 0.28 3.4 17.1 McpVl n 31.60 0.45 4.8 36.9 FunLgCpCorI 73.95 0.82 3.1 35.1
US Val I 22.19 0.42 4.6 32.6 Quality 34.14 0.92 4.4 45.1 ActiveAllA 14.01 0.19 3.2 11.8 OpporTrl 44.97 1.25 6.1 30.2
FidAdBlncdFnd 30.34 0.38 2.7 NS Freedom2035K6 16.12 0.29 3.4 17.7 MegaCpStk n 27.11 0.57 5.7 56.2 John Hancock:
FMI Funds: GMO Trust Class VI: CapApprA p 89.13 2.69 6.3 53.8 Longleaf Partners:
Freedom2040 K 12.03 0.25 4.1 22.3 MidCap n 45.07 0.79 6.3 32.6 500Index1 63.09 1.08 3.8 43.6
FreedBlnd2020 K 15.13 0.27 3.6 16.3 ComStkInvst n 39.03 0.46 5.7 43.4 Quality 34.03 0.92 4.4 45.2 Chart 20.70 0.47 4.8 38.6 Intl n 15.05 0.28 -0.1 -4.3
Freedom2040K6 11.97 0.25 4.1 22.9 MidCapStkK 45.16 0.79 6.3 32.9 BondI 13.30 0.01 0.2 -4.7
MultiAstIn Retai n 14.61 0.05 3.6 14.8 IntlInvst n 36.83 0.53 1.5 23.2 Goldman Sachs A: CmstA 30.11 0.36 5.3 36.7 Partners n 24.13 0.05 -0.8 5.4
Freedom2045 K 14.06 0.31 4.4 24.1 MuniInc n 12.15 0.02 -0.1 -0.7 BondR6 13.32 0.01 0.1 -4.4
Semiconductors A 87.74 1.09 6.9 105.1 LgCapInvst n 15.05 0.18 3.6 23.1 CoreBdA p 5.58 0.00 0.1 -5.9 Sm-Cap n 27.60 0.33 0.9 11.4
Freedom2045K6 14.01 0.32 4.5 24.9 NASDAQ n 252.97 4.11 3.4 48.2 CapGr 33.80 NA NA NA CapApprNAV 16.08 0.49 4.8 54.3
SrsAdvIntlCapApp 33.70 1.18 5.6 20.6 FPA Funds: CpBdA 6.17 0.01 0.2 -4.5 Loomis Sayles Fds:
Freedom2050 K 14.26 0.33 4.5 24.2 NewInsights Z 46.55 1.35 6.2 60.0 IncBuilder 25.76 0.21 2.3 14.0 IntlGrwI 28.08 0.81 3.7 2.6
StragInc n 11.68 0.03 1.0 6.1 DevMktA 39.81 0.85 2.6 -12.3
Freedom2050K6 14.22 0.32 4.4 24.8 NewMill n 62.57 1.42 5.4 70.6 FPAQueeRoSCap40.52 0.56 4.0 26.4 Muni 15.27 NA NA NA LSBondI 11.84 0.04 0.8 3.9
Tech Z 139.28 1.88 2.5 62.9 DiscFdA p 102.59 1.28 6.4 25.6 MdCpIdxI 22.31 0.24 5.0 28.6
Freedom2055 K 16.51 0.37 4.4 24.2 NewMkt n 12.78 0.08 1.4 7.8 FPAFlexIncFnd 10.10 0.01 0.2 11.9 Goldman Sachs Inst: LSBondR pn 11.76 0.04 0.8 3.1
TotBdFdClZ 9.38 0.00 0.2 -2.3 DisMdCpGrA 29.94 0.59 7.3 24.2 Science&TechI 26.25 0.86 5.6 64.7
Freedom2055K6 16.48 0.38 4.4 24.9 NYMun n 12.25 0.03 -0.2 -0.8 FPANwInc 9.80 0.01 0.3 9.4 EmgMktEq 23.32 NA NA NA LSStrIncA p 12.19 0.07 1.2 4.6
Fidelity Advisor A: DivIncm p 26.64 0.41 4.4 25.6 John Hancock Class 1:
Freedom2060 n 15.19 0.34 4.4 23.8 OTC n 22.38 0.50 4.2 55.0 FPACres Inst 41.41 0.57 3.0 31.5 HYMuni 9.23 NA NA NA SmCpGI 30.41 0.27 4.6 19.3
AdvMdCpIIA 24.59 0.41 6.2 30.9 Idx2015InsPre 14.46 0.12 1.5 6.8 FPACresentFnd 41.46 0.58 3.0 31.7 DivrsDiv p 18.78 0.35 5.3 28.2 BlueChipGrw 63.30 1.65 4.7 52.6
OTC K 22.98 0.51 4.3 55.4 Int 14.54 NA NA NA Lord Abbett A:
AdvStrDivInA 17.20 0.23 3.2 17.3 Idx2020InsPre 16.05 0.15 1.8 8.2 Franklin: EqIncA 10.83 0.12 3.9 20.1 CapAppr 15.88 0.48 4.7 54.1
OverseasK 66.19 2.51 6.4 12.2 Muni 15.26 NA NA NA Affiltd p 19.63 0.37 5.4 30.6
BioTech 26.82 0.73 -1.4 23.0 Idx2025InsPre 18.98 0.23 2.2 10.1 EqInvA 14.72 0.23 3.7 14.5 LSAggr 15.05 0.27 4.0 20.5
Ovrse n 66.58 2.53 6.4 11.9 FrnkGrowFdClA 18.22 NA NA NA ShDuTF 10.34 NA NA NA BdDeb p 7.19 0.02 1.2 3.7
DivGthA 22.98 0.54 6.9 50.4 Idx2030InsPre 20.64 0.26 2.3 12.4 EqWtdA p 74.45 0.88 4.0 23.2 LSBalncd 13.64 0.16 2.6 12.3
PcBas n 31.96 1.07 4.5 5.3 Franklin A1: Gotham: CalibrDivGr 23.55 0.46 4.2 39.5
EqGrA p/r 20.73 0.51 5.0 55.8 Idx2035InsPre 23.96 0.35 2.7 16.5 FltgRate p 6.70 0.01 0.5 17.4 LSConserv 11.85 0.06 1.1 5.8
PuritanK 25.78 0.39 3.9 31.9 CA TF A1 6.77 0.00 -0.5 -1.2 CoreFxdInc p 9.12 0.00 0.1 -5.5
EqInA 33.43 0.31 3.0 26.4 Idx2040InsPre 25.43 0.45 3.3 21.3 AbsRt Inst 20.54 0.30 3.7 44.7 GblAllocA 19.67 0.23 2.2 8.5 LSGwth 14.48 0.22 3.4 17.1
Puritn n 25.81 0.39 3.9 31.6 CAHY A1 9.78 0.01 -0.3 -2.3 DevGt p 23.27 0.19 3.8 8.8
FF2030A 14.68 0.23 3.1 10.9 Idx2045InsPre 26.85 0.51 3.6 23.1 GothamIdxPl Inst 29.41 0.71 6.3 58.6 GblStrIncmA p 3.11 0.01 1.3 1.5 LSModer 12.38 0.10 1.8 8.8
RealE n 39.24 0.65 1.7 -0.5 Fed TF A1 10.76 0.02 -0.2 -1.2 FloatRt p 8.18 0.00 0.7 20.6
FltRateA 9.31 0.01 0.5 20.8 Idx2050InsPre 26.89 0.50 3.5 23.0 Guggenheim Funds Tru: GlbOppA p 49.34 1.36 5.0 -21.4 RetLiv2030 9.96 0.13 2.7 11.1
RealEstInc n 12.03 0.06 0.8 4.7 FedInt A1 11.21 0.02 -0.1 1.0 FundlEq p 15.98 0.24 6.0 37.0
GrOppA 189.38 5.76 6.4 57.1 Idx2055InsPre 22.14 0.42 3.6 23.1 FloRaStraFdInst24.26 -0.01 0.6 20.1 GlHltCr 37.85 1.29 6.7 14.1 RetLiv2035 10.54 0.16 3.1 14.1
SAIIntlMinVolInd 11.01 0.20 1.6 5.9 HiInc A1 1.76 0.00 1.1 14.4 HiYldA t 6.43 0.02 1.2 6.7
IntCpApA 31.29 1.10 5.6 19.7 Idx2055Investor 22.13 0.42 3.6 22.9 MacOppFdClInstl 24.73 0.02 0.6 9.9 GrIncA 22.53 0.35 5.5 32.0 RetLiv2040 10.92 0.19 3.5 17.5
SAILTTreBdIdx 6.67 -0.01 -0.3 -32.6 HY TF A1 8.91 0.02 -0.1 -1.1 HYMuniBd p 10.89 0.00 -0.1 -3.2
LgeCapA 50.53 1.08 6.1 53.7 Idx2020 Premier 16.05 0.16 1.8 8.3 TotRtnBdFdClInst 23.42 0.01 0.2 -4.5 GrowAlloc p 15.54 0.22 3.3 12.2 RetLiv2045 10.90 0.20 3.8 20.7
SAISm-MidCap500I 6.71 0.08 5.2 26.1 IncomeA1 2.39 0.01 1.7 12.9 IncomeA p 2.41 0.00 0.4 -2.9
NwInsghtA 44.01 1.28 6.1 58.2 Idx2025 Premier 18.96 0.22 2.1 10.1 GuideMark Funds: HYMuA 8.49 0.01 -0.1 -3.8 John Hancock Funds A:
SAIUSMinVolIndFd 21.98 0.37 2.5 31.9 NY TF A1 9.88 0.02 -0.3 -2.5 IntrTxFr 10.19 0.01 0.0 -0.7
SmllCapA 28.86 0.44 5.2 22.7 Idx2030 Premier20.63 0.26 2.3 12.5 IntlDivA 15.61 0.46 4.2 -4.6 BalA 29.64 0.40 3.7 23.2
SAIUSQtyIdx 21.87 0.30 2.8 47.2 US Gov A1 4.99 0.00 0.0 -5.0 LgCpCorServ n 34.12 0.64 4.1 39.5 MidCapStk 35.56 0.47 5.4 31.7
StkSelMC 44.40 0.71 6.0 29.4 Idx2035 Premier 23.95 0.34 2.7 16.6 IntlGrow 22.39 0.57 5.0 5.7 BondA p 13.30 0.01 0.2 -5.5
SCValueI 21.50 0.31 5.5 21.9 Utils A1 23.02 0.05 2.4 31.8 GuideStone Funds: MultiAstBalOppty 12.67 0.17 3.3 18.4
StrInA 11.52 0.04 1.0 5.3 Idx2040 Premier 25.41 0.44 3.3 21.4 IntlGrowA p 33.31 1.09 4.7 1.8 LifeBal 13.79 0.17 2.6 11.1
SmallCap n 19.53 0.35 5.7 20.1 Franklin Templeton: AggrAllGS4 n 13.39 NA NA NA MultiAstInc 16.37 0.16 2.2 9.5
TotalBdA 9.40 0.00 0.1 -3.4 Idx2045 Premier26.84 0.50 3.5 23.1 IntTMIA p 10.38 0.02 0.1 0.5 LifeGrw 14.59 0.22 3.3 15.9
SmCapDisc n 25.67 0.43 6.3 16.5 BalAllGS4 n 11.74 NA NA NA ShDurTxFr 15.07 0.01 0.2 2.8
Fidelity Advisor C: Idx2050 Premier26.89 0.51 3.6 23.2 TgtGro A 20.90 NA NA NA InvescoFd p 28.33 0.75 10.4 13.8 LifeMod 12.48 0.10 1.8 7.5
SmlCapO n 15.38 0.26 5.1 32.1 EqindxGS2 60.93 NA NA NA ShtDurIncmA p 3.87 0.01 0.3 6.2
GrOppC 150.62 4.56 6.3 53.6 Idx 2055 Premier 22.13 0.42 3.6 23.2 TgtModA 16.17 NA NA NA InvGloblFdA 98.82 2.88 5.5 24.6 USGlobLdrs 66.49 2.07 4.4 26.3
SmlCpGrth n 35.18 0.65 5.1 30.5 EqIndxGS4 n 60.92 NA NA NA TaxFr p 10.40 0.01 -0.4 -3.4
NwInsghtC 31.69 0.92 6.1 54.7 Idx 2060 Premier 18.76 0.35 3.6 23.1 FrankTemp/Frank Adv: John Hancock Instl:
SmlCpGrth K6 18.74 0.35 5.2 32.2 GrAllGS4 n 13.04 NA NA NA LmtdTrmMunInc p 10.93 0.01 0.1 4.1
Fidelity Advisor Fun: CA HY Adv 9.80 0.01 -0.2 -2.0 TotRet p 8.63 0.00 0.2 -4.6
Idx2065 InstPrem 15.17 0.28 3.5 23.0 SmlCpGrth Z 35.56 0.66 5.1 30.9 MnStFndA 60.76 1.39 4.7 37.6 BalancedI 29.60 0.39 3.7 24.3
CA TF Adv 6.76 0.00 -0.5 -0.8 GrEqGS2 28.48 NA NA NA ValOpps p 19.69 0.25 4.2 17.8
EqGrClZ 24.96 0.62 5.1 57.5 IdxIncInsPre 11.80 0.05 0.9 4.3 SmlCpVal n 21.50 0.32 5.6 22.0 MnStOpA p 28.09 0.65 4.9 46.2 StratIncmOppI 10.01 NA NA NA
CvtScAdv 23.71 0.29 3.0 21.4 GrEqGS4 n 27.62 NA NA NA Lord Abbett C:
InterDiscZ 50.06 1.71 5.1 9.2 Income n 10.68 0.06 1.1 3.2 Srs1000ValIndRet 17.09 0.21 4.8 28.1 MnStSmCpA p 30.40 0.33 5.7 30.6 USGlbLdrsGrwI 76.22 2.38 4.4 27.2
Dynat Adv 193.37 5.54 5.7 45.4 IntEqGS2 14.35 NA NA NA BdDeb 7.21 0.02 1.2 1.8
IntlGrwZ 21.35 0.76 7.3 15.0 Income K 10.66 0.06 1.1 3.3 SrsBlChGroRetail n 20.72 0.47 4.4 67.5 ModInvA 11.41 0.13 2.7 8.8 JPMorgan A Class:
Fed TF Adv 10.77 0.02 -0.3 -0.9 LowDurGS2 12.85 NA NA NA ShtDurIncmC t 3.89 0.00 0.3 4.3
Semiconductors I 95.57 1.19 6.9 106.7 Fidelity Invest: SrsEmrgMkt 18.74 0.30 2.3 -0.9 MunInA 11.89 0.01 -0.3 -2.4 CoreBond 10.12 0.01 0.1 -4.6
FedIntAdv 11.24 0.02 -0.1 1.3 MedDurGS2 12.46 NA NA NA Lord Abbett F:
fedadvcons 10.07 0.00 0.3 NS AdvSrsGroOpport 17.63 0.55 6.5 63.5 SrsGlobal 14.74 0.39 3.9 10.0 RchHiYldMuniA 6.78 0.00 -0.4 -1.7 CorePlusBd p 7.13 0.01 0.1 -3.8
Growth Adv 141.27 3.67 4.8 33.7 ValEqGS2 19.65 NA NA NA ShtDurIncm 3.87 0.01 0.6 6.8
Fidelity Advisor I: AggrInt n 29.09 1.02 5.6 20.7 SrsIntlGrw 18.73 0.67 7.5 17.3 RisingDivA 25.44 0.51 3.8 36.8 EqInc p 24.64 0.40 5.3 23.6
AilSectEq 13.09 0.27 4.6 52.9 SrsGroCoRetail 24.97 0.69 4.2 65.1 HY TF Adv 8.95 0.02 -0.1 -0.9 RochAMTFrMuni 6.81 0.01 -0.3 -2.5 EqIndx p 91.40 1.58 3.8 43.0 Lord Abbett I:
BiotechI 29.46 0.80 -1.4 24.0 HI
ConsvIncmMuni I n 10.05 0.00 0.3 7.8 AMgr20% n 13.71 0.08 1.2 5.8 SrsIntlSmCp 16.61 0.48 2.5 6.1 IncomeAdv 2.36 0.00 1.3 13.0 RochCAMuni 7.99 0.01 -0.6 -1.7 GroInc p 81.40 1.10 4.9 31.2 BdDebentr 7.15 0.02 1.2 4.3
EqGrI 24.52 0.60 5.1 57.0 AMgr50% n 20.94 0.27 2.4 11.7 SrsIntlVal 12.56 0.38 5.4 26.2 RisDv Adv 92.42 1.70 4.0 25.8 Harbor Funds: RochLmtTrNYMuni p 2.79 0.00 0.2 0.8 GwthAdv p 39.74 1.00 5.2 52.0 CalibrDivGr 23.89 0.48 4.3 40.6
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FAEmgMktI 31.74 0.77 3.0 -1.8 AMgr70% n 28.20 0.48 3.3 17.2 SrsSmCapDiscRet 11.59 0.20 6.5 18.1 SmCpValAdv 62.48 0.54 3.5 21.6 RoMu A p 14.94 0.02 -0.7 -3.7 Inv Bal p 16.05 0.17 2.4 14.7 DevlpGro 30.73 0.27 3.9 9.7
Bond 10.02 0.02 0.2 -3.3
FAIntDiscI 50.11 1.71 5.1 8.8 AMgr85% n 27.46 0.56 3.9 21.2 STBF n 8.44 0.00 0.3 7.0 Utils Adv 23.29 0.04 2.3 32.4 SenFltRtA 6.60 0.00 0.4 20.2 InvCon p 12.54 0.09 1.5 7.3 FloatRt 8.19 0.01 0.7 21.5
CapApInst 119.04 3.62 4.7 54.1
FAInvGrdI 7.08 0.00 0.1 -4.7 AstMgr30R n 12.01 0.10 1.5 7.3 StkSelSmCp n 39.18 0.62 5.1 29.6 FrankTemp/Franklin A: ShortTerm p 8.08 0.01 0.4 7.1 InvG&I p 19.96 0.27 3.0 20.3 HiYld 6.46 0.02 1.2 7.4
CapApInv n 108.16 3.28 4.7 52.4
FltRatel 9.29 0.01 0.6 21.7 Balanc n 30.35 0.38 2.7 26.1 StkSlcACap n 82.29 1.58 4.0 38.2 BAL A 12.48 0.02 1.2 8.4 IntlInst 45.92 1.34 3.8 11.9 SmCpValA t 25.04 0.38 6.5 70.2 InvGrwt p 26.25 0.46 3.9 26.3 ShtDurInc p 3.86 0.00 0.3 6.8
GrOppI 210.64 6.42 6.4 58.3 BalancedK 30.35 0.38 2.7 26.4 StratDivInc n 17.37 0.23 3.3 18.4 BalInv 36.19 0.49 4.5 17.2 SmCpGwth 14.61 0.15 4.6 19.4 SP IncomeA 6.35 0.07 7.7 93.5 LgCpGwth p 81.11 2.12 4.8 59.0 TotRet 8.65 0.00 0.2 -3.9
HiIncAdvI 11.26 0.08 2.5 17.9 BluCh n 236.88 5.30 4.3 62.1 TaxFrB n 10.90 0.02 -0.2 -0.3 BioDis A 122.87 4.33 2.0 24.3 SmCpValInst 44.02 -0.12 3.5 25.9 Tech p 65.94 1.96 6.8 48.6 MdCpGrw p 42.14 1.05 7.4 26.9
HthCarI 66.23 2.26 5.5 16.3 BluChpGr K6 38.71 0.96 5.1 63.3 TotalBond n 9.40 0.01 0.3 -2.4 CoreAll A 24.23 0.53 4.8 29.5 Invesco Funds P: MdCpVal p 36.44 0.25 3.5 22.7 M
Harding Loevner:
IntlGr 21.34 0.76 7.3 14.6 BluChpGrK 238.23 5.33 4.3 62.5 TotalBond K6 8.69 0.00 0.2 -2.5 CvtSc A 23.70 0.28 3.0 20.5 Summit P p 31.54 0.87 5.7 47.6 ShrtDurBd p 10.82 0.01 0.3 6.5
BlueChipVal n 24.36 0.15 1.8 17.1 IntlEq 25.44 0.64 3.8 1.7 SR2030 p 18.73 0.23 2.5 12.6 MainStay Fds:
IntlSmCp 31.38 0.69 1.9 5.4 Trend n 193.34 4.72 6.2 64.6 DynaTech A 184.57 5.27 5.7 44.3 Invesco Funds R:
CAMun n 12.11 0.02 -0.2 0.1 EqIn A 33.03 0.65 5.5 32.0 Hartford Funds A: USEquity 25.66 0.43 3.8 42.2 FltgRateA t 8.90 0.00 0.7 19.9
MultiAssetInc 14.61 0.05 3.6 14.8 Utility n 33.85 0.38 2.8 49.5
BalIncA 14.46 0.09 2.0 8.6 Invesco 23.04 0.58 5.0 6.9 MainStay Fds A:
MuniIncI 10.06 0.02 0.1 1.3 Canad n 67.61 1.76 2.9 23.4 ValStra n 56.70 0.77 3.6 31.0 FlRtDA A 7.67 0.01 0.7 22.2 ValAdv t 38.70 0.39 4.0 27.8
CapAp n 44.50 1.00 5.5 49.0 CapAppA 44.10 0.76 3.5 31.7 Invesco Funds Y:
MuniIncome 12.15 0.02 -0.1 -0.9 Value n 14.19 0.21 4.3 29.4 FoundFAlA 16.03 NA NA NA JPMorgan I Class: ConvtA 19.17 0.15 2.8 13.1
CapDevA 24.03 0.52 6.2 55.3 ValueDisc n 37.10 0.36 2.6 15.2 GoldPrM A 19.46 0.83 12.7 7.2 Chks&Bal 10.26 0.10 2.5 17.0 CoreBdY 5.55 0.00 0.1 -5.1 HiYldBdA 5.26 0.02 1.2 12.3
NwInsghtI 46.28 1.34 6.1 59.4 CoreBond 10.12 0.01 0.2 -3.9
CapDevO n 25.42 0.55 6.2 56.6 ValueK 14.23 0.21 4.3 29.7 GrOp A 51.06 1.54 5.1 36.7 DiscpEqA 54.44 1.01 3.5 37.5 DevMktY 39.08 0.83 2.6 -11.6 CorePlusBd 7.13 0.01 0.3 -2.9 IncBldr 20.78 0.29 2.9 12.4
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REIncmInst 11.96 0.06 0.8 4.7

SmCapGrwI 35.28 0.66 5.1 30.4 ChinaReg n 39.93 0.90 2.7 -3.8 Wrldw n 37.11 1.13 6.6 41.2 Growth A 139.88 3.63 4.7 32.7 DivGth A 34.53 0.38 3.8 25.9 DiscovY 128.71 1.61 6.4 26.5 EmMktEq I 31.37 0.73 4.2 -9.7 LgCpGrA p 10.03 0.28 5.0 54.1
StkSelSCp 39.40 0.63 5.1 29.5 CnvSc n 35.82 0.36 4.2 20.1 Fidelity SAI: LwDuToRt A 8.95 0.01 0.4 6.3 EmrgMktEqAdv 17.14 0.35 2.8 -6.0 EqWtdY 75.75 0.90 4.0 24.1 EqInc 25.20 0.41 5.3 24.6 TxFrBdA 9.27 0.02 -0.2 -2.2
StrInI 11.68 0.03 1.0 6.0 Contra n 22.31 0.68 6.1 61.5 RisDv A 92.55 1.70 4.0 24.9 EqInc 20.72 0.21 4.1 24.3 GloblY 100.81 2.95 5.5 25.5 EqIndx 91.55 1.58 3.8 44.1 MainStay Fds I:
FidSaiCndInxFnd 10.92 0.26 3.2 NS
Total Bd 9.38 0.00 0.2 -2.7 ContraK 22.39 0.69 6.1 61.8 SmCpGr A 24.73 0.47 6.5 24.3 GrOppty 62.43 1.83 4.7 50.8 IncomeY 6.88 0.07 7.6 95.1 GrAdv r 42.40 1.06 5.2 53.1
FidSaiInfltnFnd 9.90 0.02 0.7 NS S&P500IdxA 64.91 1.12 3.8 42.7
Fidelity Advisor M: CorpBd n 10.40 0.02 0.2 -3.8 SmCpVal A 57.90 0.49 3.4 20.7 MidCap A 26.78 0.57 6.4 7.8 IntGrowY 33.07 1.09 4.7 2.5 GvBd 9.41 0.00 0.1 -5.5
FidSaiLowIdxFnd 10.01 0.18 1.3 NS Mairs&Power:
CpInc n 10.39 0.07 2.6 18.6 SmMCpGrA 41.59 0.90 6.3 18.4 ShtDur 9.72 0.01 0.4 8.1 IntlSmCoY 37.69 1.38 4.3 -11.2 HighYld 6.56 0.02 1.1 11.8
EqGr 19.80 0.48 5.0 54.6 FidSaiRlEsttFnd 9.55 0.15 1.7 NS MairsPwrBal n 112.18 1.64 2.7 14.9
DisEq n 71.23 2.11 6.1 45.1 StrInc A 8.20 0.01 0.1 1.4 TotRBdA 9.01 0.01 0.1 -4.6 RocMuniY 14.95 0.02 -0.6 -2.9 IntlEq 19.56 0.60 5.3 8.0
GrOppM 185.51 5.64 6.4 55.9 FidSaiTrsIdxFnd 9.49 0.00 0.0 NS MairsPwrGr n 176.59 3.73 4.1 36.9
DivGth n 40.88 0.95 7.0 52.7 TgtCon A 14.19 NA NA NA Hartford Funds C: Sel40Y 10.27 0.03 8.1 103.6 IntmdTFBd 9.92 0.02 0.0 0.1
NwInsghtM 40.66 1.18 6.1 57.0 FidSAICnsrvInc 10.04 0.00 0.2 NS Marsico Funds:
DivIntl n 44.63 1.51 5.9 10.7 TtlRtn A 8.19 0.00 0.0 -6.7 Bal IncC 14.19 0.09 1.9 6.2 Ivy Funds: InvConGw 12.65 0.09 1.5 8.3
Fidelity Advisor Z: FidSAIEmgMktIndx 13.83 0.24 2.3 -4.0
DivIntl K6 14.99 0.51 5.9 11.1 FrankTemp/Franklin C: Hartford Funds I: AssetStrA p 22.09 NA NA NA InvGrwth 27.14 0.48 3.9 27.2 Focus pn 31.07 0.87 5.6 64.6
AdvIntlSmCpZ 31.33 0.69 1.9 5.8 FidSAIIntlIndxFd 14.34 0.44 4.8 15.0
DivIntlK 44.53 1.51 5.9 11.1 BalancedA p 24.41 NA NA NA LgCapVal 20.66 0.25 5.1 34.0 Mass Mutual:
AssetManager50% 20.87 0.27 2.5 12.0 IntlValIdx 9.78 0.24 4.0 19.2 DynaTech C 146.14 4.16 5.6 41.1 BalIncI 14.46 0.08 2.0 9.4
DivStkO n 37.88 0.83 5.7 52.5 LowDurationInc 10.10 0.00 0.4 12.8 Income C 2.43 0.00 1.2 10.4 CoreEqA t 18.01 0.42 5.8 48.5 LgCpGwth 83.60 2.19 4.9 60.2 SelBluChipGroClI24.60 0.73 4.5 59.0
AssetMngr85 27.27 0.55 3.9 21.5 DivGthI 34.28 0.38 3.9 26.8
Emerg Asia n 48.80 0.38 0.3 1.3 RisDv C 90.18 1.64 3.9 22.1 GlGrFundClA p 37.26 1.09 5.8 30.4 MdCpGrw 53.53 1.33 7.4 27.9 MassMutual Premier:
AsstMngr70 28.13 0.48 3.3 17.5 Muni Inc 9.82 0.02 -0.1 0.2 EmrgMktEqInv 17.09 0.35 2.9 -5.3
EmrgMktK 39.42 0.78 3.5 -2.0 FrankTemp/Franklin R: HiIncA p 6.01 0.02 0.4 6.6 MdCpVal 37.22 0.26 3.5 23.6 CoreBdI 8.95 NA NA NA
CorporateBond 10.40 0.02 0.3 -3.6 SAIEmgMktLoVolIx 11.06 0.15 0.2 6.9 EqIncI 20.51 0.20 4.1 25.1
EmrgMktsDebt 7.96 0.04 1.2 7.9 HiIncI r 6.01 0.02 0.4 7.4 MidCapEq 66.55 0.89 4.8 25.7 MassMutual Select:
EmMkt Z 31.65 0.77 3.0 -1.5 SAIInflaFocFd 89.73 -1.09 5.0 2.5 FrkDynTchR6 196.44 5.62 5.7 45.9 GrowOppI 69.52 2.04 4.7 52.0
EmrMkt n 39.42 0.78 3.5 -2.4 IntlCorEqI r 21.60 0.63 4.8 11.8 MtgBckd 10.06 0.01 0.1 -1.5
FloatRateHighInc 9.29 0.00 0.5 22.0 ShortTermBd 9.68 0.00 0.3 7.0 FrkGrthR6 141.09 3.66 4.8 34.0 InterValue 18.39 0.46 4.1 23.9 MCGrEqIII 20.18 0.36 4.4 20.0
Eq Inc n 77.03 1.22 4.6 30.4 LgCpGwthA p 37.49 0.70 3.2 43.8 ShtDurBnd 10.84 0.01 0.3 7.4
GrOpp 213.91 6.53 6.4 58.8 TotalBd 8.90 0.00 0.2 -1.8 FrkIncR6 2.37 0.00 1.3 13.1 IntlAlphaInv 18.51 0.54 5.0 12.2 MCpGrEqIIS 19.65 0.35 4.4 19.6
EqDivIncm n 28.97 0.26 2.9 27.5 LgCpGwthl r 41.36 0.78 3.2 44.9 SmCap 56.53 0.28 3.8 16.0
IntCpAp 33.79 1.18 5.7 21.1 TxFreeBd 9.99 0.02 -0.1 0.9 FrkRisDivR6 92.40 1.70 4.0 26.1 MidCap 28.72 0.62 6.5 8.7 Matthews Asian Funds:
EqIncK 76.95 1.21 4.6 30.7 MidCapI 30.97 0.52 5.6 5.1 SmCapGrw 22.20 0.39 6.6 8.0
InvestGradeBd 7.09 0.00 0.1 -4.3 U.S.TreBdIdx 8.62 0.00 0.0 -6.9 FrkSmCpGrR6 29.18 0.56 6.5 25.8 MunOpptI 8.31 0.02 0.1 0.9 IndiaInv nr 23.79 -0.40 -6.1 18.5
Fidel n 100.04 2.52 5.7 46.2 MdCpGwthA p 26.51 0.44 5.5 4.3 USEquity 25.78 0.43 3.8 43.2
NewMktsIncFdZ 12.78 0.09 1.4 8.1 USMomentumIdx 17.72 0.38 6.0 53.2 FrankTemp/Mutual A&B: StrInc 7.90 0.03 0.9 6.6 Metropolitan West:
FltRateHi n 9.29 0.00 0.4 21.7 ScTechA p 55.54 1.82 8.4 55.5 USLgCpCorPls 21.96 0.38 4.1 55.4
RE Income 11.96 0.06 0.8 5.1 USValueIndex 12.34 0.07 4.3 32.0 Beacn A 16.28 0.26 4.4 15.3 WorldBond 10.00 0.00 0.0 4.6
FocsdStk n 40.71 1.20 7.5 57.4 ScTechI r 76.25 2.50 8.4 56.5 USRechEnhEq 45.01 0.69 3.5 45.8 IntmBdI 9.28 NA NA NA
SmallCapValue 21.51 0.31 5.5 22.4 Fidelity Selects: Shares A 25.66 0.37 4.6 24.0 Hartford Funds Y:
FournOne n 59.76 1.07 3.5 21.1 ValAdv 39.07 0.40 4.0 28.7 LowDurBdI 8.31 NA NA NA
StkSelAllCap 81.71 1.58 4.0 38.6 Biotech n 19.06 0.69 0.8 21.7 FrankTemp/Temp A: IntlValY 18.89 0.47 4.1 24.0
GNMA n 9.96 -0.01 0.0 -4.3 J JPMorgan Inst Class: TotRetBd n 8.85 NA NA NA
StkSelSmCap 39.33 0.63 5.1 30.1 GovtInc n 8.97 0.00 0.0 -7.1 Broker n 195.98 7.20 7.9 66.5 DvMk A 19.33 0.28 3.0 -2.0 IntOppY 20.09 0.52 4.4 9.6 TotRetBdI 8.85 NA NA NA
StrgInc 11.69 0.04 1.0 6.3 Comp n 114.72 4.04 6.3 38.1 ValAdv L 39.10 0.40 4.0 29.3
GroCo n 42.00 1.13 4.1 61.6 Frgn A 7.91 0.14 3.4 14.6 Hartford HLS Fds IA: Janus Henderson: TRBdPlan 8.30 NA NA NA
Fidelity Freedom: ConStap n 87.75 0.44 -2.2 5.8 JPMorgan L Class:
GroInc n 65.22 1.17 5.4 46.9 GlBond A 6.65 0.12 2.5 -13.0 Balanced 30.41 0.49 3.7 19.6 Balanced C 46.09 0.69 2.5 18.0 UnconstrBdI 10.27 NA NA NA
2030 Z 14.60 0.24 3.1 12.1 GrowCoK 42.28 1.14 4.1 61.9 CstHou n 126.91 1.70 6.6 38.9 Fl EmMktEq L 31.59 0.73 4.2 -9.4
GlSmCo A 9.69 0.21 2.8 1.5 CapApp 54.86 0.90 3.1 36.3 Balanced T n 46.86 0.72 2.6 20.9 MFS Funds:
2060 K6 15.13 0.35 4.5 24.9 GrowIncK 65.14 1.18 5.4 47.3 DfAero n 19.58 0.60 7.5 54.8 MdCpVal L 38.04 0.27 3.5 24.1
Growth A 27.35 0.45 4.5 21.4 DiscEqui 23.33 0.44 3.5 37.5 Contrarian T n 29.51 0.92 6.6 31.7 IIE 35.78 1.30 5.8 16.7
FF2010 n 14.13 0.11 1.4 4.4 GrStrt n 72.17 2.00 8.7 44.3 Energy n 60.48 -1.21 6.5 62.1 JPMorgan R Class:
World A 17.47 0.44 5.2 32.6 Div&Grwth 24.29 0.27 3.9 27.0 Enterprise Inst 87.80 1.63 4.3 29.2 MFS Funds Class A:
FF2015 n 11.64 0.12 1.9 6.2 GwthDiscovery n 64.83 1.69 5.2 57.4 Gold n 27.26 0.94 10.9 12.9 CoreBond 10.13 0.01 0.1 -3.5
FrankTemp/Temp Adv: IntlOpp 16.86 0.43 4.3 9.3 Enterprise T n 145.35 2.67 4.3 28.1 AgGrAIA 30.98 0.62 4.4 20.4
FF2020 n 14.71 0.18 2.3 7.8 HighInc n 7.93 0.02 1.1 10.3 Health n 28.73 0.98 5.4 17.2 CorePlusBd 7.14 0.01 0.3 -2.7
GlBondAdv 6.61 0.12 2.5 -12.4 MidCap 30.20 0.64 6.5 8.7 GlbEqIncA 6.25 NA NA NA CoEqyA 52.98 0.94 4.8 39.1
FF2025 n 14.02 0.20 2.6 9.8 IntBd n 10.07 0.00 0.2 0.8 HlthCareSrvPt r n 108.84 3.81 9.3 6.4 HighYld r 6.57 0.02 1.2 12.3
Frost Family of Fund: Stock 102.62 1.77 2.1 19.7 GlbResch T nr 114.65 3.18 5.5 43.4 GlEqA 45.92 1.66 6.4 12.0
FF2025A 12.95 0.19 2.8 8.5 IntlCapiApp K6 17.03 0.60 5.7 21.3 Ind n 44.00 1.04 8.7 59.5 MtgBckd 10.05 0.00 0.1 -1.1
FrTRInst 9.71 0.03 0.3 10.6 TotRetBd 9.46 0.02 0.1 -4.0 GblResh Inst 76.64 2.14 5.6 44.2 GrowthA 193.39 5.37 5.9 48.2
FF2030 n 18.10 0.28 3.0 12.4 IntlDisc n 50.38 1.72 5.2 8.9 Insur n 91.58 -0.16 1.6 59.9 ShtDurBnd 10.84 0.01 0.3 7.6
Heartland Funds: GlbSel T n 18.91 0.46 5.1 34.5 IntlVA 37.82 1.30 6.3 12.8
FF2035 n 16.23 0.29 3.4 16.7 IntlGrRet n 21.40 0.76 7.3 14.7 ITSvs n 62.74 1.29 3.9 20.0 SmCpVal 28.55 0.22 3.5 16.9
G Val Inv n 49.04 0.37 2.6 30.9 GlLifeSci T nr 69.96 2.51 3.7 25.4 LtdMA 5.85 0.01 0.4 7.6
FF2035A 15.16 0.28 3.6 15.1 IntlScOpps n 20.10 0.58 2.7 1.7 Leisr n 20.59 0.08 0.2 43.9 USEqR5 25.87 0.43 3.8 43.8
Hennessy Funds: GlTech T nr 64.24 1.78 4.7 55.0 MCapA 30.34 0.77 6.6 23.6
FF2040 n 12.04 0.26 4.1 22.0 IntlSmCap n 31.16 0.69 1.9 5.4 MdTchDevis n 67.21 1.78 8.1 5.6 Gabelli Funds: USRechEnhEq 44.94 0.69 3.5 46.3
Grw&Inc T n 72.13 1.64 4.4 30.8 MCapValA 31.84 0.25 3.8 25.7
FF2040A 17.29 0.37 4.3 20.0 IntlVal n 10.61 0.33 5.5 22.6 Multimedia n 118.74 4.64 6.7 50.8 CorMidCap30Inst24.89 0.46 4.6 99.7 JPMorgan R5 Class:
GabelliAsstFdClI 47.11 NA NA NA MdCpVal T n 16.18 0.12 3.9 27.7 MIGA 43.79 1.04 3.8 31.3
FF2045 n 14.10 0.32 4.4 23.8 IntMu n 10.05 0.02 0.1 1.5 Pharm n 25.90 1.42 2.1 37.8 CrnrMdCp30Inv 23.62 0.43 4.6 97.5 SR2030 R5 18.88 0.24 2.5 13.8
SmCapG n 45.07 0.75 4.1 30.2 Resh T n 88.30 2.52 4.3 60.1 MITA 37.24 0.58 3.8 33.3
FF2050 n 14.29 0.32 4.4 23.8 InvGB n 7.07 0.00 0.1 -4.6 Retail n 21.63 0.58 5.7 31.8 Homestead Funds: SR2040 R5 22.36 0.38 3.5 21.0
SmCpGrwI 47.16 0.78 4.2 31.2 Venture T n 84.50 1.72 4.1 18.4 MuHiA 7.47 0.01 -0.1 -0.9
FidFree2065 13.84 0.32 4.5 24.8 InvGrBd 9.87 0.01 0.2 -3.0 Semiconductors r n 35.69 0.42 6.6 107.7 Value n 53.61 0.75 5.0 34.1 JPMorgPrm:
Util A p 5.25 0.00 2.5 8.0 Jensen I : MuInA 8.17 0.01 -0.3 -0.8
FrdmBlen2025 K6 11.22 0.15 2.6 9.4 LargeCap n 57.79 1.24 6.0 54.8 Softwr n 28.56 0.98 4.1 36.4 Hotchkis and Wiley:
Gartmore Funds: Jensen I 59.47 0.81 2.3 20.5 USEquity L 25.86 0.43 3.8 43.9
Free2055 n 16.56 0.37 4.4 23.8 LCapCrEIdx n 34.19 NA NA NA Tech n 37.81 0.52 2.5 61.6 MuLtdA 7.96 0.01 0.3 3.1
NationwideInstSv 32.02 0.55 4.0 38.9 HiYldI 10.66 0.02 1.1 12.0 JensenQualGrJ n: NewDA 26.48 0.76 6.3 4.9
Free2060InstPrem 18.75 0.35 3.5 23.1 LevCoSt n 41.89 1.45 9.5 48.3 UtilGr n 126.38 1.44 4.5 47.0 L
Fidelity Series: Gateway: SmCpVal 77.27 0.49 3.9 35.1 JensenQualGrJ n 59.57 0.81 2.3 19.8 ReInA 23.39 0.73 4.4 6.1
Free2060Investor 18.75 0.35 3.5 22.9 LmtTrmMuniIncm n 10.41 0.02 0.3 2.8 IFP US Equity Fund:
Freedom2010 K 14.12 0.11 1.4 4.6 LowP n 42.26 0.58 3.7 23.8 Canada 16.15 0.41 3.0 25.0 GatewayA 47.44 0.51 2.4 23.5 JHF III DispVal: Laudus Funds: ResBdA 9.37 0.01 0.2 -3.9
Freedom2015 K 11.62 0.12 1.9 6.4 LowPriStkK 42.19 0.58 3.7 24.1 FASeriesEqGroFd 16.73 0.43 5.2 61.8 GE Elfun/S&S: IFP US EquityFd 19.47 0.48 4.2 42.3 DispVal 25.04 0.41 5.7 33.8 USLgCpGr nr 26.94 0.59 3.7 46.2 RschA 60.21 1.10 4.2 35.4
 48 BARRON’S January 27, 2025

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.
TechA 65.24 2.12 5.2 61.0 AlCpCore n 26.54 0.51 5.0 37.3 DynamicBd 9.98 NA NA NA EqIncIA p 40.83 0.58 4.7 24.0 Selected Funds: FTAlWldInAdml n 36.99 0.94 3.7 10.2 ValueInst 69.16 1.01 4.7 33.2
TotRA 19.32 0.15 2.2 12.5 CreditIncomeFd n 7.87 0.01 0.4 -6.5 GNMAGvtSec 9.14 NA NA NA FlIncA p 12.17 0.07 1.2 4.6 U GlbCapCyl Inv nr 13.25 0.16 4.9 29.4 Victory Funds:
AmShD n 39.78 0.79 5.8 35.2
UtilA 22.93 0.01 2.1 17.4 FixInc pn 10.01 0.01 0.2 -0.9 IncomeFd 10.53 NA NA NA InfPro IN 7.58 0.02 0.7 -4.7 Shelton Funds: GlbEq n 37.44 1.06 5.3 23.1 EstValA 47.53 NA NA NA
InflRespMulAsset 8.28 NA NA NA Ultimus:
ValueA 50.24 0.49 3.7 23.0 LrgCpStr n 20.62 0.45 4.0 28.2 LgCpStA p 29.38 0.50 3.8 43.2 CoreVal n 17.80 0.29 3.7 35.5 GloMinVolFdAdm n 31.14 0.02 1.2 23.2 EstValI 47.58 NA NA NA
MFS Funds Class I: MuniBd pn 11.42 0.02 0.1 0.2 Pioneer Funds A: LgIndxI 29.39 0.51 3.8 44.3 LyricalUSVlEqI 27.34 0.30 5.9 33.8 GNMA n 9.10 0.00 0.0 -4.0
SmeadFds: EstValR p p 46.49 NA NA NA
Sm&MdCapStrategi n 16.58 0.30 3.6 6.1 CoreEqA 23.65 0.58 NA NA LgIndxJ tn 28.95 0.50 3.8 43.5 UM Funds: GroInc n 65.16 1.30 4.3 45.6
BondI 12.20 0.01 0.2 -3.1 SmeadValueInstl 81.71 -0.39 3.4 27.8 SmCoOppI 48.50 NA NA NA
GrowthI 213.67 5.95 5.9 49.3 Optimum Funds Inst: DiscGrA 19.25 0.53 NA NA LT2020 In 12.23 0.11 2.0 9.6 BehavVal 86.99 0.20 3.4 29.4 HlthCare nr 190.08 7.53 4.2 16.6 Victory Port:
SSgA Funds: BehavValA t 83.95 0.20 3.4 28.1 HYCor nr 5.45 0.00 0.9 10.9
MCapI 33.01 0.83 6.6 24.5 Fixed Inc 8.03 0.01 0.2 -5.6 MdCapVa 24.41 NA NA NA LT2020J tn 12.13 0.11 2.0 9.2 IntegSmCap R6 32.17 NA NA NA
PioFdA 41.29 0.70 NA NA LT2030In 14.22 0.18 2.7 13.0 SP500 n 267.12 4.62 3.8 44.3 InflaPro n 11.55 0.03 0.7 -4.5
MCapValI 32.94 0.26 3.8 26.6 Intl Eqty 13.18 0.36 3.9 9.8 RS Global Fd Y 25.14 NA NA NA
SelMCGrA 51.15 1.60 NA NA LT2030J tn 14.16 0.19 2.7 12.4 State Street Institu: V IntlExplr n 16.86 0.51 2.9 -4.9
MIGI 45.84 1.09 3.9 32.3 LgCpGrwth 25.28 0.54 3.4 44.8 Market Neutral I 8.45 NA NA NA
MITI 35.27 0.55 3.9 34.2 LgCpVal 19.35 0.26 4.3 27.3 Pioneer Funds Y: LT2040I 16.40 0.28 3.5 19.2 SmCapEq (ICL) 17.84 0.09 3.9 20.5 IntlGr n 33.81 1.00 5.8 2.1 SSfnd 48.40 NA NA NA
VALIC:
ResBdI 9.37 0.01 0.2 -3.5 SmCpGrwth 15.04 0.32 5.8 14.5 BondY 8.10 NA NA NA LT2040J tn 16.17 0.27 3.5 18.6 State Street V.I.S.: IntlVal n 39.01 1.08 3.8 8.8 VsycamoreFnd 47.69 0.31 NA NA
LT2050I 17.65 0.35 4.2 23.8 CoreVal 13.02 0.18 4.2 27.3 ITIGrade n 8.55 0.01 0.2 -1.3
RschI 62.57 1.14 4.2 36.4 SmCpVal 14.94 0.12 4.0 12.6 PionFdY 42.44 NA NA NA TR V.I.S. Cl 1 16.04 NA NA NA Victory Portfolios I:
MdValI In 16.13 0.10 3.9 27.2 GlobEq 6.41 NA NA NA ITTsry n 9.71 0.00 0.0 -4.3
TotRI 19.32 0.15 2.2 13.4 Osterweis Strat Income: StratIncY p p 9.43 0.03 NA NA Sterling Capital Fds: 500Indx Reward n 76.45 NA NA NA
MidCpBldA 44.33 0.78 4.0 35.0 IntlEq 8.45 0.25 4.6 13.6 LifeCon n 20.75 0.19 1.5 8.0
ValueI 50.62 0.49 3.8 23.9 OsterweisStrInc n 11.29 0.02 0.7 15.9 ShortTermIncY 8.87 0.00 NA NA TotRetBdI 9.18 0.00 0.0 -4.6 CapGr n 13.03 NA NA NA
PreSecI 9.22 0.03 0.4 6.0 LgCpGro 21.96 0.52 3.8 31.0 LifeGro n 45.51 0.74 3.0 21.0
Mondrian: Price Funds: CorePlusInterR6 9.06 0.00 0.2 -1.5
PtrLGI In 17.18 0.37 4.1 39.8 T MdCpStGr 21.77 0.52 6.3 34.7 LifeInc n 15.14 0.08 0.7 1.7
IntlValEq n 14.50 0.37 3.2 14.3 PQ 2050RetFd n 19.69 0.37 4.0 24.1 CrnrsMod n 15.21 NA NA NA
PtrLV In 19.73 0.19 3.8 27.7 MidCpIdx 29.27 0.32 5.0 28.8 LifeMod n 32.05 0.41 2.3 14.4
Morgan Stanley Inst: Balnanced n 27.09 0.39 3.1 18.4 SciTech 34.64 1.09 5.9 51.8 CrnstModAggr n 26.63 NA NA NA
PACE Funds Cl P: RealEstSecI 28.43 0.31 1.1 -1.6 TCW Funds: LTIGrade n 7.52 0.02 0.2 -17.2
CapGrI 59.93 0.25 6.9 22.2 BlChip n 194.84 5.05 4.6 51.4 SmCpIdx 17.00 0.23 3.5 17.3 ExtMktIn n 21.37 NA NA NA
IntlEqty P 16.54 0.46 3.5 16.4 Communica&Tech n 161.74 5.40 4.9 40.6 SAMBalA p 16.55 0.21 2.7 17.1 EmMktInc n 6.55 NA NA NA MATxEx n 10.06 0.02 -0.3 -1.2
CapGrP p 53.59 0.22 6.9 21.3 StckIdx 61.76 1.06 3.8 43.6 MidCpGro pn 28.63 0.72 6.4 26.3 GovSecFd INSTL 8.71 NA NA NA
lcGEqty P 18.92 0.56 4.6 47.6 DivGro n 79.95 1.14 4.0 28.8 SAMGrA p 19.79 0.32 3.5 23.3 TotRetBondI n 7.71 NA NA NA
GloFranI t 35.07 1.04 4.5 18.2 ValUltra 18.24 0.48 4.6 52.1 MuHY n 10.61 0.01 -0.2 0.0 Gr&Inc n 24.61 NA NA NA
lcVEqty P 21.13 0.26 4.8 33.1 DvsfMCGr n 48.97 1.26 7.4 40.4 SmCpBldIN 30.16 0.36 6.1 16.8 Third Avenue:
InsightA p 40.72 0.23 6.0 22.0 VANGUARD ADMIRAL: MuInt n 13.54 0.02 0.0 1.5 Gr&TxStr n 28.39 NA NA NA
Palmer Square: EmMktS n 34.38 0.41 1.4 -21.3 StrGrw A p 23.20 0.44 4.1 28.3 ValueInst 59.46 1.02 3.1 36.2
MorganStanleyPathway: 400MCpIdxInst441.96 4.85 5.0 30.0 MuLong n 10.78 0.02 -0.2 -0.6 Grwth n 40.34 NA NA NA
Income Plus 10.09 0.01 0.4 15.8 EqInc n 36.29 0.44 4.8 24.3 ProFunds Inv Class: Thompson IM:
CoreFxIcm n 6.70 0.01 0.3 -7.2 500Adml n 563.41 9.74 3.8 44.8 MuLtd n 10.85 0.01 0.3 4.8 HiIncm n 6.90 NA NA NA
Parnassus Fds: EqIndex n 160.47 2.76 3.8 44.1 UltNASDAQ-100 n 122.22 3.52 6.7 63.4 Bond n 10.44 0.03 0.5 11.3 Inco n 11.38 NA NA NA
Munder Funds: BalAdml n 49.69 0.55 2.5 21.6 OHLTte n 11.58 0.03 -0.3 -1.7
ParnEqFd n 62.26 1.39 4.5 35.2 FinSvcs n 45.05 0.73 5.7 40.8 Putnam Funds: Thornburg Fds: IncStk n 18.49 NA NA NA
MndrIntlSmCpInv r 15.37 NA NA NA GlbStk n 66.80 1.69 6.3 22.9 CAITAdml n 11.31 0.02 -0.2 1.8 Primcp nr 168.82 3.38 5.1 37.9
Parnsus n 60.81 1.14 5.8 24.0 GrOpp R6 79.00 2.06 4.0 59.6 IncBuildA t 26.52 0.24 3.9 30.8 CALTAdml n 11.37 0.02 -0.4 0.1 Intl n 26.77 NA NA NA
Mutual Series: GlbTech n 21.71 0.45 4.1 20.2 PrmcpCor n 35.30 0.68 5.6 37.1
Pear Tree: Putnam Funds Class A: IntVal I 27.50 0.84 5.3 18.9 CapOpAdml nr 199.72 3.85 5.5 35.9 SelValu nr 28.12 0.39 3.9 32.1 IntmTerm n 12.49 NA NA NA
BeacnZ 16.52 0.27 4.4 16.1 GMS-fd n 9.93 0.02 0.2 0.3 LgTerm n 12.01 NA NA NA
ForeignVal I r 23.11 0.47 3.4 5.1 CATx p 7.31 0.01 -0.3 -0.3 LtdTIncI 12.89 0.00 0.2 4.8 CoDilxAd n 200.67 1.29 3.2 31.1 STAR n 28.31 0.42 3.0 13.8
GlbDiscA 29.13 0.54 4.9 23.9 Growth n 109.29 2.84 3.6 37.3 Nasdaq100 n 53.87 NA NA NA
Perm Port Funds: DynAABalA 16.32 0.22 2.9 24.4 LtdTMu I 13.48 0.02 0.4 2.4 CoStIxAd nr 104.30 0.98 0.1 16.6 STIGrade n 10.31 0.01 0.3 6.0
GlbDiscz 30.12 0.56 4.9 24.8 HelSci n 83.77 3.06 5.3 12.5 Nasdaq100InINSTL 53.94 NA NA NA
Permanent n 62.48 0.40 4.0 35.3 DynAAGthA 20.14 NA NA NA Thrivent Funds A: DivAppIdxAdm n 54.89 0.85 3.3 33.4 StratgcEq n 38.13 0.47 5.5 39.1
QuestZ 14.75 0.21 4.1 14.0 HiYield n 5.95 0.01 1.1 10.7 ntTerBd n 9.06 0.01 0.2 -2.2
PGIM Funds Cl A: PutLargCap p 36.09 0.62 4.7 43.7 LgCpStk 27.63 0.52 4.3 26.1 EMAdmr n 37.00 0.54 0.6 0.9 StrSmCpEqInv n 41.13 0.43 4.0 36.1
SharesZ 26.10 0.38 4.7 25.0 InstFLRfd r 9.50 0.00 0.5 22.1 S&PIdx n 76.38 NA NA NA
PutFocIntEq p 14.90 0.38 2.3 6.8 MidCapStk 31.85 0.37 4.9 19.6 EnergyAd nr 64.36 -1.98 6.4 64.8 TgtRe2020 n 26.87 0.22 1.5 9.4
Balanced 17.75 NA NA NA InstHiYld 7.88 0.01 1.1 11.1 SciTech n 32.27 NA NA NA
N GeorgePutBal 26.29 0.37 2.8 27.8 MuniBd 10.16 0.01 -0.5 -1.9 EnergyAdml nr 83.66 -1.21 3.5 48.4 TgtRe2025 n 19.05 0.20 1.9 12.6
HighYield 4.80 NA NA NA LgCapGow I 85.19 2.11 3.5 48.4 ShtT n 10.19 NA NA NA
GlbHlthCare p 58.47 1.98 4.9 20.7 Thrivent Funds S: EqIncAdml n 92.16 0.92 4.5 32.2 TgtRe2030 n 38.75 0.49 2.3 15.2
JennBlend 25.12 0.52 3.9 35.2 InstLCCoreGr 75.48 1.96 4.6 52.1 ShtTBdA n 9.08 0.00 0.3 10.3
Nationwide Funds: LgCpVal 24.24 0.30 4.9 23.0 GrOpp p p 72.23 1.88 4.0 57.9 LgCpVal n 30.48 0.39 5.6 31.1 EuropeAdml n 84.20 2.79 5.8 14.6 TgtRe2035 n 24.60 0.35 2.6 17.8
JennFocGrowth 27.90 0.87 4.5 51.0 TarRet2030 n 12.59 0.13 NA NA
S&P500IdxIS 28.59 0.50 3.8 43.1 InstSmCap 25.62 0.25 3.0 15.8 StDurInc 10.12 0.00 0.3 13.3 MidCapStk n 37.99 0.44 4.9 20.3 ExplrAdml n 112.39 2.01 5.2 19.4 TgtRe2040 n 44.45 0.69 2.8 20.4
JennGrowth 62.40 1.90 4.8 52.9 TarRet2040 n 13.34 NA NA NA
Natixis Funds: IntDis n 64.34 1.79 2.4 -6.4 SustainLdrsFd p 127.84 2.48 4.4 38.2 OppIncmPl n 9.04 0.02 0.6 4.8 ExtndAdml n 152.23 2.40 5.7 28.0 TgtRe2045 n 30.60 0.51 3.1 22.9
JennHealthSci 35.36 1.56 4.1 33.2 TarRet2050 n 14.15 NA NA NA
InvGradeBdA p 9.73 0.02 0.2 -1.0 IntEqIdx nr 16.44 0.50 4.8 14.0 Putnam Funds Class Y: TIAA-CREF/Instl Cl: FinIxdAd nr 62.34 0.81 5.4 41.2 TgtRe2050 n 51.54 0.93 3.4 24.7
JennMidCapGrowth 15.91 0.28 6.1 25.8 TarRetIncm n 10.90 NA NA NA
InvGradeBdY 9.74 0.02 0.2 -0.3 JennUtility 15.78 0.10 5.4 37.4 IntlStk n 20.28 0.49 3.8 9.3 FxInAbslRt 8.04 0.01 0.1 6.1 CoreBond Inst 9.02 0.01 0.2 -3.3 GNMAAdml n 9.10 0.00 0.0 -3.7 TgtRe2060 n 52.99 0.96 3.4 24.7
GrOpp Y 77.92 2.03 4.0 59.1 GroIncAdml n 106.32 2.11 4.3 46.0 TgtRet2055 n 57.50 1.04 3.4 24.7 ValueFd n 19.50 NA NA NA
LSGrowthY 30.91 1.07 4.6 67.9 ShrtTermCorpBond 10.59 NA NA NA MCapVal n 33.37 0.59 4.5 40.4 CorePlsBd 9.06 0.00 0.2 -2.5
GrwthAdml n 218.31 4.29 3.4 53.4 TgtRetInc n 13.26 0.09 1.2 7.2 VicAggFnd n 71.03 NA NA NA
USEqOppsA 45.62 1.35 5.5 51.3 TotalReturnBond p 11.83 NA NA NA MCEqGr 62.98 0.94 4.2 19.8 PutLargCap 36.10 0.62 4.7 44.8 TIAA-CREF/Retail Cl:
HltClxAd nr 133.38 4.03 5.1 15.4 USGro n 74.93 2.17 4.9 43.8 SustWld n 30.77 NA NA NA
Neuberger Berman Fds: PGIM Funds Cl Z: MD Bond n 10.04 0.02 -0.2 0.1 ShtDurBd 9.88 0.01 0.3 8.7
EqIdx 43.53 0.74 4.0 41.1 WellsI n 25.19 0.12 1.7 6.9 CorePlus INSTL 9.06 0.00 0.2 -1.9
MidCap n 103.88 1.55 4.2 19.6 SmCapGr 82.58 0.75 5.6 36.6 HlthCareAdml nr 80.14 3.17 4.2 16.8
EqIncInst 14.01 0.24 4.7 22.3 HighYield 4.82 NA NA NA Gro&Inc 27.98 0.52 4.6 51.7 Income Fund INST 11.39 NA NA NA
N Asia n 16.84 0.20 0.6 -14.6 StDurInc 10.13 0.00 0.3 13.6 HYCorAdml nr 5.45 0.00 0.9 11.2 Welltn n 44.06 0.60 2.9 21.8
GenesInst 67.14 0.25 2.7 16.7 JennGrowth 72.76 2.22 4.8 54.2 LrgCpGro 29.73 0.67 4.2 49.8 IncStkFd Instl 18.45 NA NA NA
InfProAd n 22.67 0.05 0.7 -4.3 Wndsr n 21.82 0.26 4.1 29.2
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

IntrinsicValInst 22.52 0.40 4.4 8.8 JennHealthSci 45.32 2.00 4.1 34.4 N Inc n 7.85 0.01 0.1 -7.5
R MgdAlloc 12.77 0.19 2.7 14.8 WndsrII n 46.36 0.78 4.7 31.4 IntlFd INSTL 26.65 NA NA NA
NAmer n 77.15 1.79 4.9 47.3 InfTechIdx n 327.73 6.39 3.0 61.7
LCVal Inst 46.69 0.42 4.1 12.8 JennMidCapGrowth 22.77 0.41 6.1 27.0 SocChEq 22.86 0.42 4.4 34.1 Short-Term INSTL 9.08 0.01 0.4 10.7
New Era n 39.77 -0.22 7.0 21.3 IntlGrAdml n 107.51 3.19 5.8 2.4 VANGUARD INDEX FDS:
LgShInst 19.23 0.28 2.6 19.8 TotalReturnBond 11.79 NA NA NA RBC Funds: TIAA/CREF Funds: Virtus Equity Trust:
NHoriz n 58.64 1.50 5.1 0.2 ITBondAdml n 10.11 0.00 0.1 -4.8 500 563.46 9.73 3.8 44.3
MidCapGroR6 18.64 0.54 8.3 33.1 PIMCO Fds Admin: AccCpCommInvI 7.50 NA NA NA BdIdxInst 9.47 0.00 0.0 -5.4 SmCapSusI 33.29 NA NA NA
OverS SF nr 13.09 0.38 4.4 8.8 ITCorpIx n 21.69 0.04 0.1 -1.1 EmgMktInstPl 93.60 1.38 0.6 1.1
NeubCrBdInst 8.70 0.00 0.1 -4.9 TotRtAd p 8.46 NA NA NA RiverNorth Funds: EqIdxInst 42.68 0.73 4.1 42.3 VirtusFunds:
QMUSSmCpGrEq n 45.19 0.55 4.9 26.0 ITIGradeAdml n 8.55 0.01 0.2 -1.0 ExtndIstPl 375.65 5.92 5.7 28.0
StratIncmR6 9.87 NA NA NA PIMCO Fds Instl: EqIdxRet 43.39 0.74 4.1 41.2
SpectConsAllo n 20.03 0.18 2.0 10.9 RNDLIncomeI 8.81 NA NA NA ITsryAdml n 9.71 0.00 0.1 -4.0 FTAIWdInPl 124.19 3.16 3.7 10.3 CeredexMdCpVlEqI 12.77 NA NA NA
StrIncInst 9.88 NA NA NA Gr&IncInst 15.78 0.29 4.6 52.9
AllAsset 10.94 NA NA NA SpectModerAllo n 24.41 0.30 2.6 13.6 Royce Funds: ITTresIdx n 19.60 0.01 0.1 -4.2 IdxIntl 19.60 0.48 3.4 9.1 RCMGrowthA 90.32 NA NA NA
SustainableEqIns 51.38 1.11 5.5 49.6 Gr&IncRet 16.42 0.30 4.7 51.8
AllAssetAuth r 6.43 NA NA NA SpectModerGwAllo n 40.19 0.63 3.4 17.5 Oppty I nr 16.20 0.20 4.6 22.3 LarCapAd n 141.57 2.48 4.0 44.4 ITTresIdx Inst 24.32 0.01 0.1 -4.2 RCMTechI 95.55 NA NA NA
Neuberger Berman Inv: HgYldInst 8.86 0.02 1.2 13.0
CommodtyRR 13.77 NA NA NA R2010 n 15.47 0.15 2.0 11.1 PAMut I nr 9.36 0.09 3.7 26.5 LTGradeAdml n 7.52 0.02 0.2 -17.0 LTTresIdx Inst 23.55 0.02 -0.4 -29.2 VirtusFunds Cl A:
Focus n 32.27 1.01 6.2 28.0 DivInc 9.65 NA NA NA R2015 n 12.84 0.12 2.1 12.0 IntlEqIdxInst 23.06 0.70 4.8 14.9 LTsryAdml n 7.84 0.00 -0.4 -29.4
PremierI nr 11.28 0.14 3.6 18.7 MdCpGrAdml n 117.39 2.76 7.4 27.4 RCMTech 66.31 NA NA NA
Genes n 66.89 0.25 2.7 16.2 EmMktsBd 8.47 NA NA NA R2020 n 19.03 0.20 2.3 12.6 IntlEqIdxRet 23.68 0.72 4.8 14.0 LTTresIdx n 18.56 0.02 -0.3 -29.2
TotRet I nr 7.76 0.05 2.4 25.4 MdCpVlAdml n 86.38 0.29 3.1 23.3 VirtusFunds Cl I:
Guard n 30.56 0.93 4.7 46.3 GlblBdOppUSH 9.52 NA NA NA R2025 n 16.95 0.19 2.4 13.7 IntlEqInst 13.95 0.50 5.7 12.0 MatIdx nr 101.11 0.81 5.6 14.8
RS Funds: SmValAdml n 88.78 0.87 4.2 29.0 IntSmCapI 19.21 NA NA NA
IntlEqInst r 13.17 0.41 5.0 5.2 HiYld 8.06 NA NA NA R2030 n 26.36 0.35 2.8 15.9 LC2025Ret 14.45 0.17 2.2 12.2 MidCpAdml n 343.44 4.37 5.1 25.4
CoreEqVIP 52.50 0.46 NA NA TotBd2 9.35 0.01 0.1 -5.4 MulSStI 4.53 NA NA NA
LCVal n 46.71 0.41 4.1 12.3
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

HiYldMuniBd 8.44 0.01 -0.1 0.3 R2035 n 21.75 0.33 3.2 18.8 LC2030Ret 15.48 0.21 2.6 14.7 MrgBkdIdx n 18.11 0.01 0.1 -4.5 TotIntlInstIdx r 131.13 3.27 3.5 9.4
Neuberger Berman Tr: Russell Funds S: LC2035Ret 16.75 0.26 3.0 17.7 QualitySmCapI 26.24 NA NA NA
IntlBdUSH 9.89 NA NA NA R2040 n 31.68 0.54 3.6 21.4 MuHYAdml n 10.61 0.01 -0.2 0.3 TotItlInstPlId r 131.16 3.27 3.5 9.4
GblEq 10.43 0.22 4.3 30.0 LC2040Inst 11.38 0.21 3.5 22.5 SmCpCorI 58.73 NA NA NA
Genes n 66.56 0.25 2.7 15.9 InvGrdCrBd 8.86 NA NA NA Ret2025A p 16.81 0.19 2.4 12.8 MuIntAdml n 13.54 0.02 0.0 1.7 TotSt 146.67 2.51 4.0 41.5
IntlDvMkt 42.96 1.26 4.4 11.2 LC2040Ret 18.05 0.34 3.4 21.6 Vivaldi Merger:
GenesisFdR6 67.10 0.25 2.7 17.1 LgTrmCrdtBd 8.63 NA NA NA Ret2045 n 23.13 0.43 3.9 23.5 MuLTAdml n 10.78 0.02 -0.2 -0.3 VANGUARD INSTL FDS:
Nicholas Group: LngDurTotRtrn 6.94 NA NA NA Ret2045R 22.47 0.41 3.9 21.6 InvGrdBd 17.91 0.02 0.2 -7.5 LCIdx2020Inst 19.21 0.18 1.9 11.6 Arbitrage Fund 10.59 0.01 0.4 12.4
MuLtdAdml n 10.85 0.01 0.3 5.0 BalInst 49.70 0.55 2.5 21.6
LowDur 9.25 NA NA NA Ret2055 n 20.69 0.39 4.0 24.1 StratBd 8.99 0.01 0.2 -8.0 LCIdx2025Inst 21.80 0.23 2.1 13.2 Voya Fds:
Nch II I 34.83 0.68 4.6 20.0 MuShtAdml n 15.77 0.01 0.3 7.1 DevMktsIndInst 16.09 0.46 4.6 12.3
Nich n 96.61 1.67 3.6 45.5 LowDurInc r 8.05 NA NA NA RetBal Inc n 13.48 0.11 1.9 10.1 TaxExBd 21.77 0.06 0.2 1.3 LCIdx2035Inst 27.51 0.39 2.8 18.8 NJLTAdml n 11.31 0.02 -0.2 0.4 InmdBdI 8.60 0.00 NA NA
TMUSMdSmCp 42.83 0.51 3.4 13.8 DevMktsInxInst 25.15 0.72 4.6 12.4
Northern Funds: LTUSG 13.61 0.00 -0.3 -28.2 SciTec n 54.68 1.78 5.7 61.7 LCIdx2040Inst 30.21 0.49 3.2 22.7 NYLTAdml n 10.79 0.02 -0.2 -0.2 TRPGrEqI 103.19 NA NA NA
TxMngUSLgCp 87.63 1.45 3.7 36.3 EmMkInst r 28.14 0.42 0.6 1.0
ModDur 9.15 NA NA NA Sht-Bd n 4.60 0.00 0.3 6.1 LCIdx2045Inst 31.95 0.57 3.5 25.1 PacifAdml n 90.42 2.22 3.0 6.2
BdIdx n 9.04 0.00 0.0 -5.3 EuroInst 35.90 1.18 5.8 14.6 WXYZ
MortgOppBd 9.20 NA NA NA SmCap n 54.23 0.18 2.7 12.1 Rydex Dynamic Fds: LifeStkIdx 49.03 0.84 4.1 42.2 PALTAdml n 10.72 0.03 -0.2 -0.5
EmMktsEqIdx nr 11.38 0.22 2.2 -4.2 ExDurTrsInst 20.11 -0.01 -1.0 -44.3
MuniBd 9.36 0.01 -0.1 0.9 SmCapStk n 57.86 0.57 2.9 15.4 NasdaqStratH p 587.32 16.93 6.7 64.1 LrgCpGrIdxInst 69.35 1.48 3.6 57.8 PrmcpAdml nr 174.85 3.51 5.1 38.2
GlbREIdx nr 9.65 0.14 1.3 -8.4 ExtndInst 152.22 2.40 5.7 28.0 Wasatch:
RealRtnI 10.02 NA NA NA SpecGr n 26.57 0.48 4.2 28.7 Rydex Investor Class: LrgCpGrIdxRet 69.99 1.49 3.5 56.6 RealEstatAdml n 128.61 1.47 1.8 -3.1
HiYFxInc n 6.09 0.01 1.1 11.8 FTAlWldIst r 117.28 2.99 3.7 10.3 CoreGr n 95.51 1.81 6.3 26.8
ShortT 9.68 NA NA NA SpecInc n 11.22 0.02 0.6 2.1 NasdaqInv n 85.27 1.29 3.6 48.2 LrgCpGrInst 29.92 0.68 4.2 51.1 S&PSC600Idx 441.13 4.05 3.4 16.7
IntlEqIdx nr 14.49 0.45 4.9 15.1 FTScinst 42.13 0.82 3.8 43.8 SmCapGr n 43.72 0.34 4.6 5.4
ShtAssetInv 9.95 0.00 0.3 12.8 SuMuInc n 11.19 0.01 -0.3 -0.8 LrgCpVl IdxInst 26.81 0.33 4.8 27.9 SmCapAdml n 120.66 1.62 4.8 27.0
IntTxExpt n 9.74 0.02 0.0 -0.7 GrwthInst 218.32 4.28 3.4 53.5 WCM:
MidCpIdx n 21.74 0.24 5.0 29.8 StcksPLUSIntlHdg r 8.67 NA NA NA SuMuInt n 11.27 0.02 0.1 0.3 S LrgCpVl IdxRet 27.41 0.34 4.7 26.9 SmGthAdml n 103.82 1.86 5.5 23.1 InPrSeIn 9.24 0.03 0.8 -4.1
StksPLS 13.34 NA NA NA TF Incom n 11.08 0.02 0.0 -1.0 LrgCpVl Inst 23.19 0.39 5.0 33.5 STBondAdml n 10.13 0.00 0.2 3.6 FcusEmgMk Inst 15.27 0.27 3.5 -12.3
SmCapIdx n 14.41 0.20 3.5 18.3 Schwab Funds: InstIdx 497.12 8.59 3.8 44.8
StPlTRInst r 13.06 NA NA NA TF Incom n 9.36 0.01 -0.3 -0.2 LrgCpVlRet 23.08 0.39 5.0 32.5 STCorpIx n 21.30 0.03 0.3 6.2 FocInterGrFdInv22.80 0.80 6.4 7.5
SmCpVal n 13.43 0.03 3.2 17.7 InstPlus 497.11 8.59 3.8 44.9
TotRetESG 7.54 NA NA NA TFSI n 5.46 0.00 0.2 2.9 1000 Inv nr 131.03 2.24 4.1 43.5 MdCpVl Inst 18.52 0.11 4.8 25.8 STFedAdml n 10.15 0.00 0.2 3.4 WCM Focus Funds:
StkIdx n 61.86 1.07 3.8 44.6 InstTStIdx 103.09 1.76 4.0 42.1
TotRt 8.46 NA NA NA TotIndex n 64.60 1.13 4.1 41.9 Balanced n 17.13 NA NA NA QuantSmCpEqInst 19.20 0.26 4.6 33.1 STIGradeAdml n 10.31 0.01 0.3 6.3 WCMFocIntlGrwIns 23.17 0.81 6.5 8.4
TxExpt n 9.49 0.01 -0.3 -3.0 InstTStPlus 103.07 1.76 4.0 42.1
TrndsMgdFutStrgy 10.24 NA NA NA U.S.EqResch n 60.79 1.12 4.0 49.5 CoreEq n 24.14 0.40 3.6 39.6 RealSecInst 18.30 0.29 1.7 -6.2 STIPSIxAdm n 24.43 0.01 0.6 7.6 Weitz Funds:
Nuveen Cl A: ITBdInst 10.11 0.00 0.1 -4.8
PIMCO Funds: USLrgCpCore n 42.65 0.69 3.5 42.5 FunIntlLgInst nr 10.77 0.26 4.0 17.1 S&P500IdxInst 66.53 1.15 3.8 44.7 STsryAdml n 9.81 0.01 0.3 3.3 CorPluInc Inst 9.50 NA NA NA
AAMunBd p 10.06 0.01 -0.1 -6.9 ITBdInstPI 10.11 0.00 0.1 -4.7
VABond n 11.16 0.02 -0.3 -1.1 FunUSLgInst nr 29.05 0.37 4.3 38.1 S&P500IdxRet 66.01 1.14 3.8 43.7 STTresIdx n 19.44 0.01 0.2 4.8 ShtDurIncInst 11.96 NA NA NA
CAMunBd p 10.01 0.02 -0.4 -2.9 StcksPLUSIntlHdg 8.51 NA NA NA LaCapInst 582.67 10.19 4.0 44.5
Value n 46.91 0.61 5.2 27.4 HlthCare n 24.27 0.75 4.5 10.2 SmCpBl IdxInst 24.67 0.35 3.5 18.9 TotBdAdml n 9.47 0.00 0.1 -5.2 Western Asset:
HiYldMuBd p 14.70 0.03 -0.2 -5.6 PIMCO Funds A: LTBdInst 10.35 0.01 -0.1 -21.8
Price Funds - Adv Cl: InflProSel n 10.15 0.03 0.8 -4.1 SmCpBl IdxRet 24.81 0.34 3.5 18.0 TotIntBdIdxAdm n 19.54 0.00 -0.5 -1.5
IntDMunBd p 8.77 0.02 0.2 -0.2 HiYldMuniBd 8.44 0.01 -0.1 -0.6 MidCpInst 75.87 0.97 5.1 25.4 CoreBondI 10.35 NA NA NA
BlChip p 188.30 4.87 4.6 50.3 IntI Sel nr 23.70 0.72 4.8 14.6 SocChEqInst 27.45 0.50 4.4 35.1 TotIntlAdmIdx nr 32.79 0.82 3.5 9.3
LtdMnBd p 10.87 0.01 0.3 2.0 IncomeFd 10.53 NA NA NA MidCpIstPl 374.17 4.77 5.1 25.4 CoreBondIS 10.37 NA NA NA
CapAppA p 35.13 0.49 3.2 27.1 IntlMstr nr 20.66 0.65 4.7 -2.6 SocChEqRet 28.12 0.52 4.4 34.1 TotStAdml n 146.70 2.51 4.0 41.9
Nuveen Cl I: InvstGrCrBd 8.86 NA NA NA RealEstaInstl 19.91 0.23 1.8 -3.0 CorePlusBdA 9.07 NA NA NA
Growth p 104.73 2.72 3.6 36.3 MT AllEq n 24.11 NA NA NA Tortoise Capital: TxMBal nr 46.15 0.46 2.0 20.9 Rs1000GrwIdxInst822.69 17.50 3.6 57.8
HYMunBd 14.70 0.02 -0.3 -5.0 LowDurInc 8.05 NA NA NA CorePlusBdI 9.08 NA NA NA
R2020A p 18.81 0.20 2.2 11.8 MT Gro n 25.64 NA NA NA TorMLPPipInsCl 20.81 -0.20 8.2 106.8 TxMCapAdml n 314.82 5.29 4.1 43.3 Rs1000Vl IdxInst332.32 4.14 4.8 27.8 CorePlusBdIS 9.07 NA NA NA
Nuveen Cl R: MuniBdA 9.36 0.01 -0.1 0.0
R2030A p 25.98 0.34 2.8 15.0 S&P Sel n 93.71 1.62 3.8 44.8 Touchstone Family Fd: TxMIn nr 16.07 0.46 4.6 12.3 Russ1000IdxInst537.34 9.26 4.1 43.7 IntermTermMuniA 6.01 NA NA NA
RealRtnA 10.02 NA NA NA
CAMunBd 10.01 0.02 -0.4 -2.3 R2035 21.57 0.33 3.2 17.9 SmCp Sel nr 36.97 0.51 3.5 18.8 FlexIncY 10.31 0.01 0.2 5.9 TxMSC nr 97.27 0.90 3.4 16.7 Russ3000Idx 523.12 8.93 4.1 42.2
ShtTmA 9.68 NA NA NA IntermTermMuniI 6.01 NA NA NA
IntDMunBd 8.80 0.02 0.2 0.5 R2040A p 31.25 0.53 3.6 20.5 SmCpEqSel nr 20.34 0.18 4.7 27.8 FocEqY 77.18 1.85 4.1 35.4 USGroAdml n 194.11 5.62 4.9 44.3 SmCapInst 120.65 1.61 4.8 27.0
TotRetA 8.46 NA NA NA ManagedMuniA 14.87 NA NA NA
LmtTrmR 10.82 0.01 0.3 2.6 Ret2045-A p 22.88 0.42 3.9 22.5 Trgt2030 nr 16.49 NA NA NA MdCpGrwY 43.58 1.18 7.1 29.9 UtilIxAd nr 85.95 0.61 4.8 26.9
PIMCO Funds C: SmCapIstPl 348.26 4.67 4.8 27.0 ManagedMuniI 14.90 NA NA NA
Nuveen Fds: Ret2050-A p 19.40 0.36 4.0 23.2 Trgt2040 nr 18.53 NA NA NA ValAdml n 69.17 1.02 4.7 33.2
IncomeFd 10.53 NA NA NA SandsCapGrY 19.20 0.75 7.3 25.4 SmGthInst 83.14 1.49 5.5 23.2 SMAShCrPlCp n 5.81 NA NA NA
RealEst 15.14 0.22 1.3 -1.8 Price Funds - R Cl: TSM Sel nr 103.10 1.77 4.0 42.1 WdsrllAdml n 82.22 1.37 4.7 31.7
PIMCO Funds I2: Touchstone Funds Gro: SmValInst 49.63 0.49 4.2 29.0 SmashSerM n 7.38 NA NA NA
BlChipR p 175.59 4.54 4.6 49.1 USSmCoIdx nr 18.37 0.13 3.6 22.4 WellsIAdml n 61.03 0.30 1.7 7.1 STBdIdxInstPl 10.13 0.00 0.2 3.7 Williamsburg Invst T:
O CommdtyRR 13.65 NA NA NA MdCpY 56.99 0.60 3.2 28.6
ExtIndex nr 34.64 0.55 5.7 28.1 SEI Portfolios: WelltnAdml n 76.08 1.04 2.9 22.1 STBDInst 10.13 0.00 0.2 3.7
ComPLUSStrtgyFd 6.79 NA NA NA Touchstone Strategic: DavPrtSmCapFoFd n 17.88 0.11 1.6 19.1
GrowthR p 98.56 2.56 3.6 35.2 CoreFxIn F 9.36 0.00 0.0 -7.5 WndsrAdml n 73.54 0.86 4.1 29.6 STCorpIxInst p 26.08 0.05 0.3 6.3
Oak Associates Funds: HiYldMuniBd 8.44 0.01 -0.1 0.0 LagCapFoc A p 73.62 1.75 4.0 37.0 Wilmington Funds:
R2030R p 25.60 0.34 2.8 14.2 EMktDbt F 8.62 NA NA NA VANGUARD FDS: STIGradeInst 10.31 0.01 0.3 6.4
RedOakTec n 50.11 1.61 6.3 48.0 Income 10.53 NA NA NA R2040R p 30.87 0.53 3.6 19.6 Transamerica A: BroadMktBdInst 8.60 0.00 0.0 -4.5
HiYld F 5.41 NA NA NA CAIT n 11.31 0.02 -0.2 1.6 STIPSIxins 24.45 0.01 0.6 7.7
Oakmark Funds Invest: IntlBdUSH 9.89 NA NA NA Ret2025-R p 16.49 0.18 2.4 12.0 AsAIGrow p 15.62 0.33 4.7 28.4 RoxSCG Inst 78.24 1.14 5.2 46.1
IntlEmg F 10.99 NA NA NA CALT n 11.37 0.02 -0.4 -0.1 STTresIdx 24.43 0.03 0.2 4.9
EqtyInc nr 36.94 0.46 2.8 16.3 InvstGrCrBd 8.86 NA NA NA Ret2035-R 21.18 0.32 3.2 17.0 AsAlMod p 11.81 0.15 2.6 11.7 Wm Blair Funds Cl I:
IntlEq F 11.51 NA NA NA CapOp nr 86.56 1.67 5.5 35.6 TotBdInst 9.47 0.00 0.1 -5.2
Oakmark n 160.22 2.93 5.3 42.4 LowDurInc 8.05 NA NA NA Ret2050-R 19.13 0.36 4.0 22.3 IntMuni F 11.03 0.02 0.0 -0.2 AsAlModGr p 13.22 0.21 3.4 18.7 DivdGro n 36.99 0.65 2.2 20.8 TotBdInst2 9.35 0.01 0.1 -5.2 IntlGthI r 28.49 0.93 4.3 0.2
OakmrkInt n 26.32 1.07 5.2 0.7 MuniBd 9.36 0.01 -0.1 0.6 PRIMECAP Odyssey Fds: LgCapGr F 45.38 NA NA NA Balanced 34.61 0.34 2.2 21.9 DivrEq n 53.24 1.10 4.7 36.7 TotBdInstPl 9.47 0.00 0.1 -5.1 SmCapValI 30.34 0.08 2.5 8.0
Select n 83.71 1.69 4.5 37.6 RealRtn 10.02 NA NA NA AggGrowth r nr 46.37 0.93 5.2 26.7 LgCVal F 26.54 NA NA NA Trust for Professional Ma: EmgMktSelStk n 21.70 0.31 2.5 -1.3 TotIntBdIdxInst 29.32 0.00 -0.4 -1.4 SmMidI r 29.45 0.45 5.1 22.8
Oberweis Funds Instl: ShtTm 9.68 NA NA NA Growth r nr 36.22 0.72 4.9 34.8 S&P500 F 98.17 NA NA NA PerfTrstMuniInst 22.59 0.05 -0.5 -1.6 Energy nr 44.59 -0.65 3.5 48.0 TotStInst 146.72 2.50 4.0 42.0 Wm Blair Funds Inst:
Oberweis 27.87 0.36 6.7 46.1 TotRt 8.46 NA NA NA Stock r nr 35.49 0.71 5.6 35.9 TaxMgdLC F 36.82 0.63 NA NA PrfTrtStrtBd Ins 19.49 0.02 0.1 -1.6 EqInc n 43.98 0.44 4.5 31.8 TtlWrldIxInst p 249.08 4.94 3.9 28.8 IntlGth 14.31 0.46 4.3 0.1
Old Westbury Fds: PIMCO Funds Instl: Principal Investors: TaxMgdSmMdCp F 23.92 NA NA NA Tweedy Browne Fds: Explr n 120.90 2.16 5.2 19.0 TxMCaInst r 156.42 2.63 4.1 43.4 Wm Blair Funds R6:
ComPLUSStrtgyFd 6.91 NA NA NA CapApprA p 83.03 1.68 4.7 50.0 GblValue n 26.28 0.46 2.9 11.3 EXPValFd n 44.40 0.43 3.3 21.6 TxMSCInst r 97.49 0.90 3.4 16.8 EmgMktGth 13.03 0.21 0.4 -12.2
 January 27, 2025 BARRON’S 49

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: 0.16268413125742)
Daily
Open (t)
Open (a)
10:00
Jan 20
…
…
…
21
43656.50
43528.65
43770.30
22
44148.31
44178.06
44155.52
23
44183.04
44113.55
44263.86
24
44464.57
44533.75
44446.84
Market Advance/Decline Volumes
Daily
NY Up
NY Off
NY Up - Comp.
Jan 20 21 22
... 797,871 296,921 588,440 524,248
... 251,737 645,439 283,630 397,730
... 3,467,418 1,411,567 2,979,946 2,435,897
23 24

NY Off - Comp. ... 1,150,675 2,820,855 1,375,477 1,704,730

10:30 … 43776.36 44161.81 44228.55 44471.61
NYSE Amer UP ... 17,317 11,326 6,329 12,266
Industrials 11:00
11:30
…
…
43830.02
43909.75
44105.33
44115.98
44336.78
44392.40
44439.60
44516.78
NYSE Amer Off
NASD Up
... 4,195 6,018 31,701 6,922
... 5,050,894 4,089,911 3,940,369 4,738,599
45400 12:00 … 43919.87 44141.90 44407.61 44495.62 NASD Off ... 2,928,376 3,053,055 2,812,857 2,836,104
12:30 … 43930.43 44141.77 44426.21 44506.03 NYSE Arca UP ... 219,883 93,033 140,086 155,678
Week's NYSE Arca Off ... 52,881 146,429 84,914 77,924
Components Change 1:00 … 43933.24 44121.71 44496.55 44473.84
1:30 … 43952.20 44167.78 44506.60 44469.73 % (QCHA) …. +1.33 –.56 +.42 +.28
3M 8.40 2:00 … 43949.16 44135.45 44492.20 44417.69 % (QACH) …. +1.60 –.15 –.23 +4.25
Amazon.com 8.91 2:30 … 43951.31 44137.39 44483.08 44404.12 % (QCHAQ) …. +.97 –.14 +.65 +.20
American Express 8.78
44100
3:00 … 43938.27 44189.34 44488.84 44393.27 Market Advance/Decline Totals
Amgen 3.31 3:30 … 43987.59 44163.40 44485.16 44373.05 NYSE NYSE
Apple -7.20 Close … 44025.81 44156.73 44565.07 44424.25 Weekly Comp. NYSE Amer Nasdaq Arca
Boeing 4.97 High (t) … 44295.99 44509.72 44730.85 44817.04 Total Issues 2,870 312 4,704 2,247
Caterpillar 21.61 Low (t) … 43370.27 43780.30 43959.17 44077.16 Advances 1,854 183 2,881 1,881
Chevron -5.82 42800 Declines 985 122 1,750 354
High (a) … 44050.13 44208.34 44565.26 44545.52
Cisco Systems 2.00 Unchanged 31 7 73 12
Low (a) … 43528.65 44042.11 44113.55 44332.22 New Highs 262 20 369 270
Coca-Cola -0.79 Change … +537.98 +130.92 +408.34 –140.82 New Lows 52 12 236 44
Disney 5.14
Week ended last Friday compared to previous Friday
Goldman Sachs 10.96 Theoretical (t): High 44817.04 Low 43370.27
Home Depot 5.12 41500 Actual (a): High 44565.26 Low 43528.65 NYSE Composite Daily Breadth
Honeywell International -1.07 Daily Jan 20 21 22 23 24
IBM 0.01 Issues Traded ... 2,855 2,847 2,838 2,852
Johnson & Johnson -0.21 Dow Jones 20 Transport (divisor: 0.15395808703479) Advances ... 2,262 928 1,567 1,550
JPMorgan Chase 5.68 Open (t) … 16534.95 16668.95 16747.09 16594.19 Declines ... 549 1,843 1,188 1,205
McDonald's 4.51 40200 Open (a) … 16482.15 16689.77 16572.48 16610.91 Unchanged ... 44 76 83 97
Merck -2.37 10:00 … 16580.82 16631.10 16642.22 16590.16 New Highs ... 152 134 98 112
Microsoft 15.03 10:30 … 16544.42 16597.78 16640.61 16588.27 New Lows ... 17 25 27 11
Nike Cl B 2.73 Blocks - primary ... 4,902 4,746 4,681 4,654
11:00 … 16557.54 16613.03 16618.18 16603.22
NVIDIA 4.91 Total (000) - primary ... 1,059,643 955,071 885,435 935,749
11:30 … 16575.29 16599.38 16667.17 16619.40 Total (000) ... 4,702,926 4,323,042 4,432,250 4,214,257
Procter & Gamble 2.99 38900 12:00 … 16603.13 16605.79 16686.15 16617.97
Salesforce 9.32 12:30 … 16593.68 16614.89 16692.76 16649.57
NYSE American Composite
Sherwin-Williams 6.17 1:00 … 16582.14 16620.72 16669.76 16655.88 Daily Jan 20 21 22 23 24
Travelers 2.34 Issues Traded ... 300 305 301 302
1:30 … 16572.47 16610.56 16687.43 16640.37
UnitedHealth Group 22.75 Advances ... 189 138 147 153
2:00 … 16586.64 16627.73 16666.18 16641.28
Verizon Communications 0.76 Declines ... 102 155 140 128
Visa Cl A 10.58
37600 2:30 … 16566.17 16585.39 16651.64 16628.12
Unchanged ... 9 12 14 21
July August September October November December January 3:00 … 16550.40 16615.29 16667.41 16623.34
Walmart 2.82 New Highs ... 6 10 11 11
3:30 … 16580.15 16626.29 16627.20 16599.82 New Lows ... 2 8 7 6
Close … 16662.46 16555.84 16640.05 16605.95 Blocks - primary ... 186 180 193 200
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

High (t) … 16748.10 16785.74 16847.09 16749.23 Total (000) - primary ... 21,959 17,490 39,459 19,352
Transportation Low (t)
High (a)
… 16417.84 16448.34 16465.91
… 16672.18 16689.77 16724.58
16450.10
16673.01
Total (000)
Nasdaq
... 533,983 428,258 370,377 343,999

18000 Low (a) … 16482.15 16545.88 16572.48 16540.24

Daily Jan 20 21 22 23 24
Week's Change … +231.20 –106.62 +84.21 –34.10
Components Issues Traded ... 4,546 4,520 4,503 4,522
Change
17575 Theoretical (t): High 16847.09 Low 16417.84 Advances ... 3,051 1,817 2,513 2,242
Alaska Air Group 3.61 Actual (a): High 16724.58 Low 16482.15 Declines ... 1,371 2,539 1,823 2,132
American Airlines Group -1.31 Unchanged ... 124 164 167 148
Avis Budget Group -0.17 17150 New Highs ... 165 180 123 178
CH Robinson Worldwide 4.58 Dow Jones 15 Utilities (divisor: 1.31844753190630) New Lows ... 95 99 122 68
CSX -0.04 Blocks - primary ... 62,806 50,295 53,625 68,537
Open (t) … 1023.77 1032.36 1010.66 1004.39 Total (000) ... 8,015,786 7,219,067 6,837,705 7,708,158
Delta Air Lines 1.36 16725 Open (a) … 1015.66 1027.41 1007.86 1006.77
Expeditors Intl of Wash 2.64 NYSE Arca Composite
10:00 … 1026.74 1023.02 1007.83 1014.63
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

FedEx -1.81 Daily Jan 20 21 22 23 24

10:30 … 1026.86 1020.28 1009.36 1010.67
JB Hunt Transport -2.49 16300 Issues Traded ... 2,104 2,094 2,088 2,108
11:00 … 1027.26 1017.68 1011.66 1009.04
Kirby Corp -2.85 Advances ... 1,839 900 1,492 1,210
11:30 … 1026.76 1014.32 1014.76 1012.21
Landstar System -1.19 Declines ... 249 1,176 558 867
15875 12:00 … 1028.38 1013.37 1014.20 1011.28
Matson -1.30 Unchanged ... 16 18 38 31
12:30 … 1028.22 1012.83 1011.80 1012.30 New Highs ... 109 130 130 172
Norfolk Southern 9.33
Old Dominion Freight Line 1.26 1:00 … 1026.82 1012.87 1011.24 1012.31 New Lows ... 17 23 16 21
Ryder System -1.46 15450 1:30 … 1031.49 1013.50 1014.21 1011.79 Blocks - primary ... 1,400 1,274 1,074 1,330
Southwest Airlines 0.07 2:00 … 1030.17 1014.83 1012.27 1012.29 Total (000) - primary ... 274,145 240,096 227,411 234,862
Uber Technologies 1.22 2:30 … 1033.40 1013.66 1012.31 1013.12 Total (000) ... 1,581,608 1,396,471 1,326,275 1,324,183
15025 3:00 … 1033.50 1015.36 1010.09 1013.95
Union Pacific
United Airlines
14.52
-2.38 3:30
Close
… 1033.43 1013.65
… 1029.96 1005.86
1010.12
1007.33
1014.91
1012.94
Other Market Indexes
United Parcel Service B 3.30 Daily 1/20 1/21 1/22 1/23 1/24
14600 High (t) … 1041.44 1035.19 1022.75 1019.61
July August September October November December January Low (t) … 1015.82 1001.56 1000.32 1000.35 NYSE Amer Comp ... 5082.21 5098.86 5126.17 5087.55
High (a) … 1035.79 1033.82 1017.53 1015.08 BNY ADR Idx ... 186.35 186.09 187.23 187.88

Utilities Low (a)

Change
… 1015.66 1005.54
… +17.42 –24.10
1006.50
+1.47
1005.41
+5.61
Europe
Latin Am
... 169.45 168.36 169.82
... 181.02 181.72 181.71
170.50
181.93
1125 Asia ... 243.00 243.92 244.88 245.57
Week's Theoretical (t): High 1041.44 Low 1000.32 Emerg M ... 393.07 397.62 398.44 400.12
Components Change Actual (a): High 1035.79 Low 1005.41 DJ US TSM Float ... 60276.49 60577.76 60885.79 60720.67
Nasdaq Cmp ... 19756.78 20009.34 20053.68 19954.30
American Elec Power 0.93 100 Index ... 21566.51 21853.00 21900.93 21774.01
American Water Works -4.97 Dow Jones 65 Composite (divisor: 0.79633160203387) Indus. ... 12364.89 12407.73 12436.35 12390.60
Atmos Energy -5.86 1080 Insur. ... 15663.55 15482.36 15398.26 15495.95
Open (t) … 13810.45 13951.05 13937.32 13954.89
Consolidated Edison -3.05 Banks ... 4589.20 4543.79 4538.44 4555.80
Open (a) … 13760.75 13952.95 13884.73 13976.20
Dominion Energy -1.80 Computer ... 17946.33 18300.95 18324.33 18208.10
10:00 … 13853.07 13928.86 13945.90 13958.10
Duke Energy 0.60 Telecom ... 468.72 469.82 471.52 473.82
10:30 … 13843.27 13920.12 13922.32 13967.09 NYSE Comp.-z ... 19893.59 19827.62 19978.78 19997.47
Edison International -3.83
11:00 … 13856.00 13909.11 13950.95 13958.96 Financial-z ... 12576.06 12493.90 12570.86 12601.59
Exelon -0.04
FirstEnergy -0.68 1035 11:30 … 13880.60 13903.64 13975.28 13982.60 Health Care-z ... 24932.87 24838.65 25165.80 25364.80
NextEra Energy 2.07 12:00 … 13881.99 13905.65 13970.62 13982.74 Energy-z ... 14102.00 13880.38 13946.86 13822.34
Public Svc Enterprise -0.09 12:30 … 13882.75 13907.41 13977.23 13989.96 Russell 1000 ... 3324.76 3342.76 3359.66 3351.10
Sempra -2.47 1:00 … 13888.58 13897.43 13992.75 13974.13 2000 ... 2317.97 2303.72 2314.60 2307.74
Southern -0.42 1:30 … 13894.89 13915.26 13994.90 13977.16 3000 ... 3466.03 3482.91 3500.46 3491.48
Vistra 20.25 2:00 … 13893.12 13902.67 13984.66 13968.11 Value-v ... 1908.36 1897.80 1910.00 1908.55
Xcel Energy -0.11 990 2:30 … 13890.84 13903.23 13982.30 13960.57 Growth-v ... 4124.93 4185.93 4202.25 4185.25
3:00 … 13890.71 13917.89 13980.11 13959.67 MidCap ... 3711.20 3697.66 3704.99 3703.18
3:30 … 13910.01 13906.91 13972.67 13948.07 S&P 100 Index ... 2945.49 2972.08 2989.86 2980.92
Close … 13920.80 13887.02 13989.16 13963.09 500 ... 6049.24 6086.37 6118.71 6101.24
High (t) … 14011.56 14052.15 14088.58 14082.07 Ind. ... 8657.79 8740.71 8784.45 8746.71
Low (t) … 13716.17 13782.22 13820.10 13841.21 MidCap ... 3292.74 3278.70 3278.42 3275.64
945 High (a) … 13924.76 13962.50 14003.25 13999.08 SmallCap ... 1465.10 1452.88 1458.26 1455.30
July August September October November December January Value Line(A) ... 11517.86 11460.18 11517.94 11508.45
Low (a) … 13760.75 13878.02 13884.73 13933.41
Value Line(G) ... 636.11 632.79 635.86 635.23
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 … +183.45 –33.78 +102.14 –26.07
DJ US Small TSM ... 16088.40 15990.89 16051.23 16011.35
Theoretical (t): High 14088.58 Low 13716.17 (A)-Arithmetic Index. (G)-Geometric Index.
Actual (a): High 14003.25 Low 13760.75 (v)-Value 1000 and Growth 1000. (y)-Dec. 31,1965=50. (z)-Dec. 31,2002=5000.
 50 BARRON’S January 27, 2025

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. 12/31 % Chg. and indicated dividends based on Friday close.S&P 500 P/E ratios
based on GAAP earnings as reported. For additional earnings NYSE(a) 3,835,897 4,988,861 3,788,090 1.26
Dow Jones Indexes series, please refer to www.spglobal.com. DJ latest available book 30 Dow Inds (b) 2,157,069 2,497,194 1,390,113 55.17
45014.04 37735.11 30 Indus 44565.07 44025.81 44424.25 936.42 2.15 6314.82 16.57 1880.03 4.42 values for FY 2023 and 2022, and S&P latest for 2023 and 2022. r-
Revised data 20 Dow Trans (b) 561,466 534,876 626,505 -10.38
17754.38 14781.56 20 Transp 16662.46 16555.84 16605.95 174.69 1.06 704.83 4.43 710.20 4.47 15 Dow Utils (b) 284,343 358,209 251,107 13.24
1079.88 829.38 15 Utilities 1029.96 1005.86 1012.94 0.40 0.04 163.26 19.21 30.20 3.07 65 Dow Stks (b) 3,002,878 3,390,278 2,267,725 32.42
14373.96 12025.72 65 Comp 13989.16 13887.02 13963.09 225.74 1.64 1679.42 13.67 571.38 4.27 Last Week Prev. Week Last Year NYSE American (a) 98,261 104,642 65,563 49.87
Dow Jones Indexes Nasdaq(d) 29,780,716 37,341,507 25,439,254 17.07
DJ Ind Avg 44424.25 43487.83 38109.43
60885.79 48275.32 US TSM Float 60885.79 60276.49 60720.67 1029.42 1.72 11977.67 24.57 2321.42 3.98 NYSE 15 Most Active
P/E Ratio 26.11 25.94 26.23
1495.18 1182.71 US Market 1495.18 1479.46 1491.12 25.39 1.73 297.34 24.91 57.51 4.01 Average Price 13.20 14.17 18.61 -29.07
Earns Yield % 3.83 3.86 3.81
1182.21 838.33 Internet 1182.21 1150.55 1182.21 41.09 3.60 289.84 32.48 69.47 6.24 % Tot Vol 15.82 16.60 16.58 -4.58
Earns $ 1701.21 1676.50 1453.13
New York Stock Exchange Stock Offerings $(z,v) 2,204,900 r2,845,100 4,176,400 -47.21
Divs Yield % 1.59 1.63 1.93
20272.04 16911.13 Comp-z 19997.47 19827.62 19997.47 390.10 1.99 3048.36 17.99 900.37 4.71 Divs $ 708.12 707.02 734.66 Daily Stock Volume 1/20 1/21 1/22 1/23 1/24
12763.92 9834.06 Financial-z 12601.59 12493.90 12601.59 177.67 1.43 2682.95 27.05 558.29 4.64 Mkt to Book 5.58 5.46 4.97 NYSE(a) ... 1,059,643 955,071 885,435 935,749
28478.56 24280.24 Health Care-z 25364.80 24838.65 25364.80 870.67 3.55 670.81 2.72 1032.94 4.25 Book Value $ 7964.47 7964.47 7664.40 30 Inds (b) ... 592,217.4 588,435.3 444,185.3 532,231.0
14932.83 12686.53 Energy-z 14102.00 13822.34 13822.34 –317.76 –2.25 573.69 4.33 695.26 5.30 DJ Trans Avg 16605.95 16431.26 15901.12 20 Trans (b) ... 112,866.1 149,621.3 183,280.0 115,699.1
NYSE American Stock Exchange P/E Ratio 19.54 19.74 15.00 15 Utils (b) ... 70,089.3 73,633.8 70,182.2 70,437.3
5405.73 4410.82 NYSE Amer Comp 5126.17 5082.21 5087.55 106.47 2.14 555.22 12.25 401.27 8.56 Earns Yield % 5.12 5.07 6.67 65 Stks (b) ... 775,172.9 811,690.5 697,647.5 718,367.4
NYSE Amer(a) ... 21,959 17,490 39,459 19,352
Standard & Poor's Indexes Earns $ 849.65 832.43 1060.08 Nasd(d) .... 8,015,786 7,219,067 6,837,705 7,708,158
2989.86 2288.47 100 Index 2989.86 2945.49 2980.92 55.59 1.90 664.60 28.69 90.69 3.14 Divs Yield % 1.44 1.45 1.38 NYSE 15 Most Active
6118.71 4845.65 500 Index 6118.71 6049.24 6101.24 104.58 1.74 1210.27 24.74 219.61 3.73 Divs $ 238.51 238.51 218.98 Avg. Price .... 16.33 26.40 14.41 14.78
8784.45 6949.79 Indus 8784.45 8657.79 8746.71 159.88 1.86 1717.78 24.44 291.92 3.45 Mkt to Book 4.24 4.20 4.52 % Tot Vol .... 14.15 15.77 20.92 17.66
3390.26 2732.18 MidCap 3292.74 3275.64 3275.64 35.88 1.11 511.87 18.52 154.70 4.96 Book Value $ 3914.65 3914.65 3514.52 Numbers in thousands save price and percentages. (a) Primary volume. (b) Composite volume.
1544.66 1241.62 SmallCap 1465.10 1452.88 1455.30 13.31 0.92 165.23 12.81 47.13 3.35 DJ Utility Avg 1012.94 1012.54 849.68 (d) as of 4:10 pm. (r) Revised. (v) W/E Thursday. (z) Source: LSEG.
Nasdaq Stock Market P/E Ratio 20.12 20.11 19.91
Earns Yield % 4.97 4.97 5.02
20173.89 15164.01 Comp 20053.68 19756.78 19954.30 324.10 1.65 4498.94 29.11 643.51 3.33
Earns $ 50.35 50.35 42.68
22096.66 17037.65
12683.06 9170.47
100 Index
Indus
21900.93
12436.35
21566.51
12364.89
21774.01
12390.60
332.86
136.23
1.55
1.11
4353.00
3140.67
24.99
33.95
761.84
484.67
3.63
4.07
Divs Yield %
Divs $
2.94
29.75
2.94
29.75
3.65
31.04
NYSE HALF-HOURLY VOLUME
16820.36 13025.40 Insur 15663.55 15398.26 15495.95 –286.17 –1.81 2359.07 17.96 –145.96 –0.93
Mkt to Book 2.14 2.14 1.89 Daily 1/20 1/21 1/22 1/23 1/24
4952.58 3432.92 Banks 4589.20 4538.44 4555.80 27.41 0.61 816.26 21.83 149.14 3.38 Book Value $ 472.26 472.26 450.45
18397.32 13447.04 Computer 18324.33 17946.33 18208.10 319.25 1.78 4403.13 31.90 486.45 2.74 S&P 500 Index 6101.24 5996.66 4890.97 9:30-10:00 ... 117,851 106,303 85,557 88,727
502.66 377.20 Telecom 473.82 468.72 473.82 9.72 2.09 47.81 11.22 10.21 2.20 P/E Ratio 30.47 29.94 26.55 10:00-10:30 ... 41,511 39,726 37,935 38,471
Russell Indexes Earns Yield % 3.28 3.34 3.77 10:30-11:00 ... 36,249 33,728 28,606 31,980
3359.66 2656.44 1000 3359.66 3324.76 3351.10 57.34 1.74 669.68 24.97 130.05 4.04 Earns $ 200.27 200.27 184.25
2442.03 1937.24 2000 2317.97 2303.72 2307.74 31.86 1.40 329.41 16.65 77.58 3.48 11:00-11:30 ... 31,217 27,175 36,478 28,501
Divs Yield % 1.25 1.27 1.47
3500.46 2776.35 3000 3500.46 3466.03 3491.48 59.20 1.72 688.07 24.54 134.65 4.01 Divs $ 76.27 76.16 71.90 11:30-12:00 ... 30,013 25,646 28,065 27,142
1961.63 1627.37 Value-v 1910.00 1897.80 1908.55 23.27 1.23 274.47 16.80 84.59 4.64 Mkt to Book 5.52 5.42 4.77 12:00-12:30 ... 25,704 22,777 22,681 23,511
4213.29 3126.64 Growth-v 4202.25 4124.93 4185.25 88.98 2.17 1013.19 31.94 142.97 3.54 Book Value $ 1106.21 1106.21 1024.56 12:30-1:00 ... 25,573 22,199 22,545 33,586
3811.57 3065.98 MidCap 3711.20 3697.66 3703.18 42.01 1.15 611.89 19.79 169.63 4.80 S&P Ind Index 8746.71 8586.83 7028.93
1:00-1:30 ... 24,222 24,467 21,806 21,996
Others P/E Ratio 34.67 34.04 30.04
Earns Yield % 2.88 2.94 3.33 1:30-2:00 ... 22,839 22,308 20,634 23,257
11791.23 9745.16 Value Line-a 11517.94 11460.18 11508.45 163.82 1.44 1622.21 16.41 477.25 4.33
656.04 568.94 Value Line-g 636.11 632.79 635.23 8.53 1.36 51.49 8.82 24.28 3.97 Earns $ 252.28 252.28 233.96 2:00-2:30 ... 23,585 24,513 22,737 24,034
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

16768.21 13418.61 DJ US Small TSM 16088.40 15990.89 16011.35 214.15 1.36 2288.68 16.68 628.82 4.09 Divs Yield % 1.11 1.13 1.29 2:30-3:00 ... 22,800 24,060 22,106 24,257
1271.18 1020.39 Barron's Future Focus 1247.67 1238.08 1245.09 21.54 1.76 218.42 21.27 41.30 3.43 Divs $ 97.09 97.03 90.67
3:00-3:30 ... 30,592 29,882 30,225 32,580
1356.99 1063.30 Barron's 400 1317.27 1314.40 1314.40 16.24 1.25 241.92 22.56 62.51 4.99 Mkt to Book 7.32 7.18 6.41
Book Value $ 1195.42 1195.42 1095.83 3:30-4:00 ... 627,486 552,289 506,060 537,709
High/Low's are based upon the daily closing index. a-Arithmetic Index. G-Geometric Index. V-Value 1000 and Growth 1000 y-Dec. 31,1965=50 z-Dec. 31,2002=5000

Selected IPOs
U.S. Dollar Index vs Euro and Yen Per Share Values of Stocks Ticker Initial Offer
Price IPO Date Recent Price %Chg
Cheaper Talk: While Trump tried to talk down interest rates, the Bank of Japan raised its lending rate to
the highest level since 2008. Those combined with a tariff overhang, to weigh down the dollar. Measuring In the Dow Jones Averages Venture Global
Skyline Builders
VG
SKBL
25.00
4.00
1/24
1/23
24.00
4.10
-4.0%
2.5%
the buck against six currencies, the ICE U.S. Dollar Index ended the week down 1.7%, at 107.47. This is a list of the Dow Jones trailing 52-week diluted share CTRL MCTR 4.00 1/22 5.31 32.8%
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

earnings, dividends and book values as reported by the company. Decent DXST 4.00 1/22 2.04 -49.0%
10 Bolded numbers indicate new values. Sources Barron's Stats and
Diginex DGNX 4.10 1/22 8.55 108.5%
FactSet.
Industrial Stocks Toppoint TOPP 4.00 1/22 3.05 -23.8%

Book Book
5 Earns Divs. Value Earns Divs. Value
s
DXY (107.47)
Am Exp 14.01 2.80 38.81 McDonalds 11.39 6.78 (6.44)
Investor Sentiment Readings New Listings
Amgen 7.81 9.00 11.64 Merck Co 4.77 3.12 14.84
NYSE
Apple 6.08 0.99 4.00 Microsoft 12.12 3.08 36.11
0 Boeing (12.90) Nil (28.27) NVIDIA 7.80 0.03 1.74
High bullish readings in the Consensus stock index or in the
Venture Global (VG)
Market Vane stock index usually are signs of Market tops; low
s Caterpillar 21.57 5.53 39.04 Nike Inc 3.24 1.51 9.60
ones, market bottoms. NYSE American
Chevron Corp 9.10 6.52 86.27 Proc Gam 6.28 4.03 21.00
EURO in $ Last Week 2 Weeks Ago 3 Weeks Ago
s Cisco Sys 2.33 1.60 10.91 3M Co 7.55 3.61 8.70 Eason Technology (DXF)
-5 Coca Cola 2.42 1.94 6.02 Salesforce.com 6.08 1.60 61.43 Consensus Index Toppoint (TOPP)
YEN in $ Disney Walt 2.72 1.25 54.25 Sherwin-Williams 10.04 2.86 14.60
Goldman Sachs 40.55 11.50 326.90 Travelers Cos 21.46 4.15 109.21 Consensus Bullish Sentiment 61% 58% 63% Nasdaq
Home Depot 14.72 9.00 1.05 UnitedHealthGrp 15.50 8.18 96.06
AAII Index CTRL (MCTR)
-10 Honeywell 8.66 4.37 24.31 Verizon 4.14 2.69 21.98
IBM 6.87 6.67 24.63 Visa 9.73 2.15 18.31 Bullish 43.4% 25.4% 34.7% Decent (DXST)
F M A M J J A S O N D J Johnson&Johnson 6.65 4.91 28.57 Amazon 0.94 Nil 19.44 Bearish 29.4 40.6 37.4
Diginex (DGNX)
JPMorganChase 19.74 4.80 104.45 Wal-mart 3.79 0.83 10.41 Skyline Builders (SKBL)
Source: Tullett Prebon Neutral 27.1 34.0 28.0
Transportation Stocks Market Vane
Bullish Consensus 70% 67% 69%
Trading
AlaskaAirGroup 3.05 Nil 32.62 Kirby Corp 5.21 Nil 54.33
Distributions & Offerings 144 Filings AmericanAirlines 1.14
AvisBudgetGrp 10.95
Nil (7.95)
Nil (9.97)
Landstar Sys
Matson Inc
5.83
12.02
1.38 27.55
1.32 69.79
TIM Group Market Sentiment Suspended
Secondary Distributions of common stocks NYSE
C.H. Robinson 2.89 2.46 12.15 Norf Southern 10.65 5.40 56.63 Indicator 49.0% 51.8% 46.2%
SEC Form 144 must be filed by holders of restricted securities (also called letter stock) who intend to Smartsheet (SMAR)
Company Shares Offered Offer Price Deal Value USD CSX Corp 1.79 0.48 6.19 Old Dominion 5.72 1.04 19.54
sell shares. Shares Indicated: the number to be sold. Sales Date: the approximate date of the sale. Sources: Consensus Inc.; American Association of NYSE American
Cibus 4,340,000 $2.50 $10,850,000 (Sometimes shares aren't sold, even though their owner has filed a Form144.) Source: LSEG Data and Delta Air Lines 5.33 0.50 17.26 Ryder Sys 10.89 3.04 69.91
Individual Investors; Market Vane; TIM Group None
Disc Medicine 3,918,182 $55.00 $215,500,010 Analytics Expeditors Int'l 5.13 1.46 16.62 Southwest Air (0.07) 0.72 17.63
FedEx 15.70 5.40 112.90 Un Pacific 11.09 5.28 24.25 Nasdaq
Source: LSEG Data & Analytics Shares Sale Hunt (JB) 5.56 1.72 39.76 UPS 6.62 6.52 20.29
Title SRIVARU (SVMH)
Coming U.S. Auctions Company
Robinhood Markets
Sym Indicated $ Value
HOOD 500,000 25,000,000 1/22/25
Date Seller
Tenev, Vladimir OD
UberTechnologies 1.88 Nil 5.43 United Airlines 9.43 Nil 28.43
Arms Index Universal Stainless (USAP)

Monday
Yields (%)
When Issued* Last Auction
Trade Desk
Roblox
TTD 368,370 44,887,522 1/22/25
RBLX 250,000 16,259,275 1/16/25
Green, Jeffrey
Lee, Anthony
H
D
Utility Stocks The Arms index, also known as the short term trading index,
is a number derived by dividing one quotient into another
quotient. The numerator in the index is the number of
Name
advancing stocks divided by the number of declining stocks.
$84.0 bil
$72.0 bil
3-month
6-month
4.307
4.280
4.215
4.165
Axogen
Morgan Stanley
AXGN 220,000 4,050,000 1/21/25
MS 170,421 23,459,303 1/17/25
Zaderej, Karen
Gorman, James
UT
R
AmericanElecPower
AmericanWaterWorks
4.99
5.05
3.57 47.98
3.00 50.31
FirstEnergy
NextEra Energy
1.55
3.37
1.69 18.17
2.06 23.13
As of 3/14/11, the denominator in the index is now the
composite volume of advancing stocks divided by the Changes
$69.0 bil 2-year 4.269 4.335 Atmos Energy 6.87 3.29 73.20 Pub Sv Ent 4.07 2.40 31.08 composite volume of declining stocks. NYSE
$70.0 bil 5-year 4.427 4.478 Snowflake SNOW 127,247 22,426,931 1/22/25 Slootman, Frank D Con Ed 5.32 3.32 61.33 Sempra Energy 4.54 2.48 44.00 None
Daily 1/20 1/21 1/22 1/23 1/24
Chewy CHWY 114,130 4,302,267 1/15/25 Singh, Sumit OD DominionEnergy 2.85 2.67 30.72 Southern Co. 4.31 2.86 28.61 NYSE American
Tuesday Duke Energy 5.44 4.14 61.15 Vistra 8.79 0.87 8.06
Procter & Gamble PG 90,450 14,533,054 1/23/25 Pritchard, Marc O NYSE ... 1.37 1.01 .61 .90 None
$44.0 bil 7-year 4.526 4.532 Edison Int'l 3.43 3.17 36.02 Xcel Energy 3.37 2.19 31.74
Nuvalent NUVL 81,000 5,863,590 1/15/25 Porter, James O NYSE American ... .29 .29 2.16 .60 Nasdaq
* As of Friday afternoon. Exelon 2.43 1.52 25.78
Workiva WK 75,980 8,605,115 1/16/25 Rizai, Matthew B Nasdaq ... 1.29 .53 .98 .63 None
 January 27, 2025 BARRON’S 51

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 .0010 .0010 1046.1605 1041.2483
Specialty Retailers DJUSRS 3981.95 + 333.15 263.68 +9.13 [1] +49.97 [9] +7.09 [27] +18.68 4,004.29 2,707.62 S&P 100 of 125:100 are considered bullish, for instance. Bearish
signals flash when the equity put-call level reaches the vicinity of Australia (Dollar) .6314 .6193 1.5838 1.6147
Electronic Equipment DJUSAI 1323.86 + 87.01 120.30 +7.03 [2] +43.27 [15] +9.99 [9] +9.88 1,339.72 925.88 30:100 and the index ratio hits 75:100. Bahrain (Dinar) 2.6530 2.6529 .3769 .3769
Industrial & Office REITs DJUSIO 107.61 + 6.28 8.26 +6.19 [3] –3.29 [118] +8.31 [16] –9.00 118.47 94.22 Brazil (Real) .1691 .1647 5.9147 6.0710
Clothing & Accessories DJUSCF 360.27 + 20.78 25.14 +6.12 [4] +5.76 [99] +7.50 [24] –.15 360.27 228.08 S&P 100 CBOE Bulgaria (Lev) .5366 .5254 1.8636 1.9032
Electronic & Electrical Equip DJUSEE 982.73 + 51.20 106.47 +5.50 [5] +49.07 [10] +12.15 [6] +14.31 996.33 656.37 Canada (Dollar) .6971 .6908 1.4346 1.4476
Heavy Construction DJUSHV 1806.68 + 88.68 223.66 +5.16 [6] +71.89 [3] +14.13 [1] +34.21 1,811.40 1,071.59
Electrical Comps & Equip DJUSEC 878.07 + 40.84 101.42 +4.88 [7] +51.85 [8] +13.06 [4] +18.91 890.89 573.65
32.50 0.90 Chile (Peso) .001019 .000991 981.80 1008.95
China (Renminbi) .1380 .1365 7.2441 7.3253
Telecom Equipment DJUSCT 2338.97 + 95.83 169.20 +4.27 [8] +41.60 [18] +7.80 [23] +12.69 2,338.97 1,569.28 Colombia (Peso) .0002394 .0002302 4177.75 4343.18
Railroads DJUSRR 3430.62 + 136.94 226.22 +4.16 [9] +1.73 [107] +7.06 [28] –.67 3,640.35 3,102.14 Denmark (Krone) .1406 .1377 7.1111 7.2646
Footwear DJUSFT 1838.31 + 71.99 5.87 +4.08 [10] –10.69 [127] +.32 [112] –11.03 2,199.23 1,634.84 26.00 0.80 EcuadorUS Dollar 1.0000 1.0000 1.0000 1.0000
Brdcst & Entertainment DJUSBC 1205.65 + 46.36 17.21 +4.00 [11] +4.95 [103] +1.45 [95] –9.32 1,288.47 1,026.65 Egypt (Pound)-y .0199 .0199 50.2849 50.3732
Health Care Providers DJUSHP 3061.68 + 115.35 210.17 +3.91 [12] –1.80 [114] +7.37 [25] +.35 3,520.23 2,789.28 Hong Kong (Dollar) .1284 .1284 7.7870 7.7861
Commercial Vehicles DJUSHR 5312.53 + 196.84 510.17 +3.85 [13] +31.04 [33] +10.62 [8] +17.83 5,312.53 4,097.32
Software DJUSSW 7610.78 + 275.13 341.21 +3.75 [14] +15.70 [71] +4.69 [59] +14.18 7,820.45 6,246.02 19.50 0.70 Hungary (Forint) .002573 .002487 388.66 402.09
Iceland (Krona) .007172 .007059 139.43 141.66
Aerospace DJUSAS 2276.20 + 81.76 191.51 +3.73 [15] +29.48 [34] +9.19 [12] +14.75 2,305.57 1,738.17
India (Rupee) .01160 .01155 86.188 86.589
Personal Goods DJUSPG 621.13 + 21.69 14.55 +3.62 [16] –7.88 [125] +2.40 [86] –10.06 718.06 520.80
Indonesia (Rupiah) .0000618 .0000610 16172 16383
Software & Computer Svcs DJUSSV 7373.56 + 257.50 407.22 +3.62 [17] +24.60 [48] +5.85 [44] +15.15 7,414.92 5,818.08 13.00 0.60 Israel (Shekel) .2795 .2807 3.5781 3.5630
Internet DJUSNS 5335.74 + 186.34 391.19 +3.62 [18] +42.31 [16] +7.91 [21] +17.55 5,335.74 3,610.76
Japan (Yen) .006410 .006398 156.02 156.30
General Retailers DJUSGT 3451.11 + 119.16 190.91 +3.58 [19] +41.82 [17] +5.86 [43] +15.07 3,454.54 2,439.98
Kazakhstan (Tenge) .001930 .001884 518.09 530.65
Retail DJUSRT 3079.38 + 104.05 168.92 +3.50 [20] +40.53 [21] +5.80 [46] +15.14 3,081.59 2,201.06
6.50 0.50 Kuwait (Dinar) 3.2468 3.2394 .3080 .3087
Net Change % Change and Ranking 52 Week Macau (Pataca) .1246 .1246 8.0250 8.0240
Malaysia (Ringgit)-b .2284 .2219 4.3775 4.5060
Top 20 Yr Ago Ranked IG-Sym Close Wkly YTD Week Rank Yr Ago Rank YTD Rank 3 Yr High Low
New Zealand (Dollar) .5710 .5589 1.7513 1.7892
Automobiles DJUSAU 1366.48 – 58.94 9.37 –4.14 [134] +83.94 [1] +.69 [109] +5.50 1,587.00 560.40 0.00 0.40 Norway (Krone) .0893 .0873 11.1955 11.4500
Automobiles & Parts DJUSAP 1491.74 – 60.47 11.04 –3.90 [132] +73.65 [2] +.75 [107] +4.02 1,720.28 670.33 F M A M J J A S O N D J Oman (Rial) 2.5978 2.5976 .3849 .3850
Heavy Construction DJUSHV 1806.68 + 88.68 223.66 +5.16 [6] +71.89 [3] +14.13 [1] +34.21 1,811.40 1,071.59 Pakistan (Rupee) .00359 .00359 278.525 278.600
Pipelines DJUSPL 1175.73 – 33.00 102.19 –2.73 [125] +69.84 [4] +9.52 [11] +23.32 1,223.40 678.71 Source: CBOE Philippines (Peso) .01715 .01711 58.320 58.454
Airlines DJUSAR 244.55 + .03 13.46 +.01 [93] +66.21 [5] +5.82 [45] +11.88 253.29 128.37 Poland (Zloty) .2492 .2410 4.0121 4.1494
Semiconductor DJUSSC 20979.70 + 484.10 1,276.17 +2.36 [39] +63.14 [6] +6.48 [34] +37.77 21,440.53 12,414.85 Qatar (Rial) .2743 .2744 3.6458 3.6449
Recreational Svcs
Electrical Comps & Equip
DJUSRQ
DJUSEC
158.97
878.07
– 4.14
+ 40.84
1.72
101.42
–2.54
+4.88
[121]
[7]
+58.44
+51.85
[7]
[8]
+1.10
+13.06
[102]
[4]
+18.06
+18.91
169.99
890.89
93.77
573.65 Coming Earnings Saudi Arabia (Riyal)
Singapore (Dollar)
.2666
.7429
.2665
.7308
3.7510
1.3461
3.7520
1.3683
Specialty Retailers DJUSRS 3981.95 + 333.15 263.68 +9.13 [1] +49.97 [9] +7.09 [27] +18.68 4,004.29 2,707.62 Consensus Estimate Year ago South Africa (Rand) .0544 .0533 18.3986 18.7542
Electronic & Electrical Equip DJUSEE 982.73 + 51.20 106.47 +5.50 [5] +49.07 [10] +12.15 [6] +14.31 996.33 656.37 South Korea (Won) .0006995 .0006857 1429.53 1458.44
Asset Managers DJUSAG 407.71 + 12.17 24.37 +3.08 [27] +46.71 [11] +6.36 [37] +12.80 407.93 279.96 M Sri Lanka (Rupee) .0034 .0034 298.3500 292.5300
Broadline Retailers DJUSRB 4828.34 + 147.05 268.42 +3.14 [26] +46.64 [12] +5.89 [42] +16.74 4,835.11 3,285.03 Sweden (Krona) .0915 .0893 10.9267 11.1950
AT&T (Q4) $0.50 $0.54
Diversified Industrials DJUSID 937.65 + 16.13 34.23 +1.75 [52] +45.74 [13] +3.79 [65] +18.20 949.33 650.63 Switzerland (Franc) 1.1038 1.0933 .9060 .9147
Banks DJUSBK 706.14 + 7.48 55.85 +1.07 [71] +44.02 [14] +8.59 [14] +6.96 706.51 480.86 Taiwan (Dollar) .03054 .03039 32.748 32.906
T
Electronic Equipment DJUSAI 1323.86 + 87.01 120.30 +7.03 [2] +43.27 [15] +9.99 [9] +9.88 1,339.72 925.88 Thailand (Baht) .02977 .02904 33.590 34.430
Internet DJUSNS 5335.74 + 186.34 391.19 +3.62 [18] +42.31 [16] +7.91 [21] +17.55 5,335.74 3,610.76 F5 (Q1) 3.36 3.43
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

Turkey (New Lira)-d .0280 .0282 35.6694 35.4357

General Retailers DJUSGT 3451.11 + 119.16 190.91 +3.58 [19] +41.82 [17] +5.86 [43] +15.07 3,454.54 2,439.98 General Motors (Q4) 1.80 1.24 Ukraine (Hryvnia) .0238 .0237 41.9500 42.1500
Telecom Equipment DJUSCT 2338.97 + 95.83 169.20 +4.27 [8] +41.60 [18] +7.80 [23] +12.69 2,338.97 1,569.28 JetBlue Airways (Q4) -0.29 -0.19 U.K. (Pound) 1.2483 1.2167 .8011 .8219
Technology Hardware & Equip DJUSTQ 7857.65 + 52.27 18.74 +.67 [79] +41.41 [19] +.24 [113] +24.55 8,158.56 5,335.79 Lockheed Martin (Q4) 6.61 7.90 Euro 1.0503 1.0275 .9521 .9732
Marine Transportation DJUSMT 358.09 – 9.36 10.80 –2.55 [122] +40.67 [20] +3.11 [73] +20.06 428.53 258.20 The Boeing Co. (Q4) -1.80 -0.47 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 a-Russian Central Bank rate. b-government rate. d-rebased as of Jan. 1,
previous 65-day moving average. Volume figures do not reflect extended trading hours. W 2005. y-floating rate.
ADP (Q2) 2.30 2.13
C.H. Robinson Worldwide (Q4)
Danaher (Q4)
1.11
2.15
0.50
2.09 Money Rates
Delta Market Pulse of the Economy
General Dynamics (Q4)
IBM (Q4)
4.06
3.79
3.64
3.87
Latest Week Prev. Week Yr Ago

Sentiment Discount Rate (NY) 4.50 4.50 5.50

For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Lam Research (Q2) 0.88 0.75

Latest Latest Preceding Year YroYr
Only includes new reports. Latest Latest Preceding Year YroYr
Meta Platforms (Q4) 6.75 5.33 Prime Rate (base) 7.50 7.50 8.50
Date Data Period Ago % Chg
Indicator Economic Growth and Investment Date Data Period Ago % Chg
Trade
Microsoft (Q2)
Nasdaq (Q4)
3.12
0.75
2.93
0.72
Fed Funds Rate
No Activity for this Week
The Delta MSI measures the Norfolk Southern (Q4) 2.94 2.83 Avg effective offer 4.33 4.33 5.33
position of a representative set No Activity for this Week
of stocks relative to an Production T-Mobile US (Q4) 2.29 1.67 Avg weekly auction-c 4.33 4.33 5.33
intermediate-term moving Inflation Tesla (Q4) 0.76 0.71
average crossover (MAC) point. Electric power, (mil. kw hrs) (EEI) Jan 18 87,343 91,182 94,267 –7.35 T-Bills Rate
When greater than 50% of the ECRI Industrial Price Index f Jan 24 118.48 118.74 116.59 1.62
stocks followed are above this Petroleum, related capacity, % Jan 17 85.9 91.7 85.5 0.47 TH
13 weeks, Coupon Yield 4.320 4.330 5.383
MAC point, the market is Rotary rigs running, U.S. & Can., (Hughes) Jan 24 821 809 851 –3.53 Altria (Q4) 1.28 1.18 13 weeks, Auction Rate 4.215 4.225 5.225
Employment
bullish. When the indicator is
Apple (Q1) 2.35 2.18 26 weeks, Coupon Yield 4.314 4.330 5.237
below 50%, risk is elevated and Steel, (thous. tons) Jan 18 1,644 1,659 1,682 –2.26
stock exposures should be Initial jobless claims (thous.) Jan 18 223 217 221 0.90 Caterpillar (Q4) 5.05 5.23 26 weeks, Auction Rate 4.165 4.180 5.020
reduced. Manager uses Steel, rated capacity, % (AISI) Jan 18 73.8 74.5 75.7 –2.51 Continuing claims (mil.) Jan 11 1.899 r1.853 1.761 7.84 Decker Outdoor (Q3) 2.51 2.52 Avg weekly auction-c 4.21 4.21 5.23
discretion on asset allocation
when MSI is at 50% +/- 3%. Dow (Q4) 0.24 0.43 Broker Call Rate 6.25 6.25 7.25
Consumption and Distribution Construction
Intel (Q4) 0.12 0.54
Bankers Acceptances

Bearish
Instinet Research Redbook Avg. (monthly %) Jan 18 –0.48 3.21 6.32 …. Building contracts, F.W. Dodge, (bil. $) Dec 1,201.35 r1,227.85 1,139.49 5.43 Mastercard (Q4) 3.69 3.18
Baltic Dry Index Jan 24 778 987 1,518 –48.75 Southwest Airlines (Q4) 0.46 -0.27 1 month 4.40 4.40 5.35
Other Indicators 2 months 4.40 4.40 5.38
UPS (Q4) 2.53 2.47
Current Sentiment Inventories Valero Energy (Q4) 0.10 3.55 3 months 4.43 4.43 5.40
Citi Research Panic–Euphoria Reading Jan 24 0.67 0.61 0.22 ….
Visa (Q1) 2.66 2.41 6 months 4.50 4.50 5.30
Domestic crude oil, (thous. bbls) Comm. (Excl. Lease Stck) Jan 17 411,663 412,680 420,678 –2.14 Index of coincident indicators h Dec 114.1 r113.7 111.9 1.97

48.0%
Last Week
Gasoline, (thous. bbls)
Orders
Jan 17 245,898 243,566 252,977 –2.80 Index of lagging indicators h
Index of leading indicators h
Coincident to lagging ratio h
Dec
Dec
Dec
118.5
101.6
0.96
r118.4
r101.7
r0.96
118.1 0.34
103.1 –1.45
0.95 1.05
F
Chevron (Q4)
Exxon Mobil (Q4)
2.13
1.58
3.45
2.48
Foreign Prime Rates

Canada
Germany
5.45
3.15
5.45
3.15
7.20
4.50
No Activity for this Week
Japan 1.625 1.625 1.475
a-1997 equals 100. b-1982-84 equals 100. c-1982 equals 100. f-1996 equals 100. h-

30.3%
benchmark revision, 2016 equals 100. r-Revised. Switzerland 1.00 1.00 2.25
Britain 4.75 4.75 5.25

2 Weeks ago
Consensus Estimate Other Money Rates
Bank money market-z 0.46 0.46 0.60
Day Consensus Est Last Period
Interest Checking-z 0.06 0.06 0.09
American Debt and Deficits Adjustable Mortgage Rates
33.2%
M December New Homes Sales 682,500 664,000 6-Month Certif-z 1.71 1.71 1.75
T December Durable Orders 0.40% -1.2% 12-Month Certif-z 1.92 1.92 1.92
Latest Preceding Year Ago Yr over Yr Jan 24 Jan 17 Yr. Ago YOY % Chg
Report Report Report % Chg January Consumer Confidence 108.3 104.7 30 Month Accounts-z 1.29 1.29 1.47
3 Weeks ago 1 Year Treas Bills 4.21 4.19 4.79 -12.11 5-Year Certificates-z 1.40 1.40 1.40
TH Q4 GDP 2.3% 3.1%
Federal Budget Deficit (bil. $)-a 1,510FY'27 1,547FY'26 1,781FY'25 …. 2 Year Treas Notes 4.31 4.31 4.32 -0.23
Current Market Exposure: 25% Budget Surplus/Deficit (bil. $)-b, December –86.73 –366.76 –129.35 -32.95 F December Personal Income 0.40% 0.30% U.S. Savings EE Bonds:
3 Year Treas Notes 4.38 4.34 4.11 6.57
Equities, 0% Bonds, 75% Trade Deficit (bil. $, sa)-c, November –78.19 r-73.62 –64.75 20.76
Treasury Gross Public Debt. (bil. $)-d 36,217.5 36,174.2 34,088.4 6.25 5 Year Treas Notes 4.49 4.48 4.02 11.69 Unless otherwise indicated, times are Eastern. a-Advanced;
Long-Term (5yrs+) 2.60 2.60 2.70
Hedged Equity, 0% Cash
Treasury Statutory Debt Limit (bil. $)-d 36,104.0 36,104.0 * …. 10 Year Treas Notes 4.69 4.68 4.12 13.83 f-Final; p-Preliminary; r-Revised Source: FactSet
Source: Delta Investment Consumer Installment Debt (bil. $)-e, November 5,102.4 r5,109.9 5,008.7 1.87 20 Year Treas Bds 4.98 4.97 4.45 11.91 c-Annualized yields, adjusted for constant maturity, reported by the Federal
Management For more information about coming economic reports
FHFA PMMS+ Dec 6.31 6.31 7.49 -15.75 Reserve on a weekly average basis. Sources: Tullett Prebon information, Ltd.
www.deltaim.com, (415) Sources: a-Office of Management and Budget, b-Monthly Treasury Statement, c-Monthly Commerce Dept. - and what they mean - go to Barron’s free Economic Factset. z-Bankrate.com.
249-6337 Report, d-Daily Treasury Statement, e-Monthly Federal Reserve Release. Fed annualized yields adjusted for constant maturity. Calendar at www.barrons.com
 52 BARRON’S January 27, 2025

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

Barron’s Gold Mining Index

12-Month Year Week %
Weekly Bond Statistics Dividend Payment Boosts Top 5 Insider Purchases by
High Low
1108.41 751.77 Gold mining
1/23
968.84
1/16
977.34
Ago
825.26
Chg.
–0.87
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 Company in 2025
Corporate (z) 17,137 r61,863 26,833 Acuity Brands-AYI (NYSE) 0.2 Q .17 .15 13.3 % 2-03 2-03 2-14 Number of Number of Avg.
Company Sym Insiders Shares $ Value Price
Municipal (z) 6,597 r12,478 8,875 Air Products & Chemicals-APD (NYSE) 2.2 Q 1.79 1.77 1.1 4-01 4-01 5-12
Alliant Energy-LNT (Nasdaq) 3.3 Q .5075 .48 5.7 1-31 1-31 2-18 Gryphon Digital Mining GRYP 8 629,356 245,449 $0.39
Gold & Silver Prices Best Grade Bonds-y Amalgamated Financial-AMAL (Nasdaq)
Byline Bancorp-BY (NYSE)
1.6
1.4
Q
Q
.14
.10
.12
.09
16.7
11.1
2-11
2-04
2-11
2-04
2-27
2-18
Curtiss-Wright
Acurx Pharmaceuticals
CW
ACXP
7
6
226 68,731 $304.12
167,488 170,000 $1.02
(Barron's index of 10 high-grade corporate bonds.) Cadence Bank-CADE (NYSE) 3.1 Q .275 .25 10.0 3-14 3-14 4-01
Handy & Harman 1/24 1/17 Year Ago 4.90 4.96 3.71 Cadre Holdings-CDRE (NYSE) 0.9 Q .095 .0875 8.6 1-31 1-31 2-14 York Water YORW 6 405 12,645 $31.25
Gold, troy ounce 2776.80 2715.20 2018.45 Civista Bancshares-CIVB (NCM ) 3.0 Q .17 .16 6.3 2-04 2-04 2-18 Flowco FLOC 5 76,600 1,838,400 $24.00
Silver, troy ounce 30.71 30.46 22.80 Interm-Grade Bonds-y Colony Bankcorp-CBAN (NYSE) 2.7 Q .115 .1125 2.2 2-05 2-05 2-19
Cross Timbers Royalty Tr-CRT (NYSE) 8.5 M .095045 .062265 52.6 1-31 1-31 2-14 Top 5 Insider Sales by Company in 2025
Base for pricing gold and silver contents of shipments and for (Barron's index of 10 medium-grade corporate bonds.)
making refining settlement. Elevance Health-ELV (NYSE) 1.7 Q 1.71 1.63 4.9 3-10 3-10 3-25 Samsara IOT 12 965,308 43,199,685 $44.75
5.39 5.43 4.91 Enterprise Bancorp-EBTC (Nasdaq) 2.4 Q .25 .24 4.2 2-10 2-10 3-03
Fastenal-FAST (Nasdaq) 2.3 Q .43 .39 10.3 1-31 1-31 2-28 Credo Technology CRDO 9 799,831 57,178,136 $71.49
Coins Price Premium $ Premium % Confidence Index
First BnCp Puerto Rico-FBP (NYSE) 3.1 Q .18 .16 12.5 2-21 2-21 3-07 Insmed INSM 7 54,562 3,552,730 $65.11
Krugerrand 2883.88 110.92 4.00 (High-grade index divided by intermediate-grade index; FS Bancorp-FSBW (NCM ) 2.6 Q .28 .27 3.7 2-06 2-06 2-20 Airbnb ABNB 6 494,681 65,665,624 $132.74
Maple Leaf 2911.61 138.65 5.00 HBT Financial-HBT (Nasdaq) 3.3 Q .21 .19 10.5 2-04 2-04 2-11
Mexican Peso 3351.36 8.00 0.24 decline in latter vs. former generally indicates rising confi- Coinbase Global COIN 6 140,739 38,729,138 $275.18
Austria Crown 2721.06 3.00 0.11 dence, pointing to higher stocks.) Heritage Financial-HFWA (Nasdaq) 3.9 Q .24 .23 4.3 2-06 2-06 2-20
Austria Phil 2911.61 138.65 5.00 90.8 91.3 75.6 Hexcel-HXL (NYSE) 1.0 Q .17 .15 13.3 2-07 2-07 2-14
U.S. Eagles 2911.61 138.65 5.00 JB Hunt Transport-JBHT (Nasdaq) 1.0 Q .44 .43 2.3 2-07 2-07 2-21
Premium is the amount over the value of the gold content in the
coin. Source Manfra, Tordella & Brookes, Inc. Bullion spot gold
Other Confidence Indicators: Magyar Bancorp-MGYR (Nasdaq)
Mercantile Bank-MBWM (Nasdaq)
1.4
2.9
Q
Q
.06
.37
.05
.36
20.0
2.8
2-06
3-07
2-06
3-07
2-20
3-19 Week’s Week’s
Bloomberg Barclays US Long Treasury* NiSource-NI (NYSE) 2.8 Q .28 .265 5.7 2-03 2-03 2-20
price 2772.96
(This index measures the performance of fixed-rate, nominal
NRG Energy-NRG (NYSE)
ONE Gas-OGS (NYSE)
1.5
3.8
Q
Q
.44
.67
.4075
.66
8.0
1.5
2-03
2-21
2-03
2-21
2-18
3-07
Dividend Dividend
Gold Performance US Treasuries with at least 10 years to maturity. Jan. 1,
1973=100.)
Oneok-OKE (NYSE)
Pinnacle Finl Partners-PNFP (Nasdaq)
3.9
0.8
Q
Q
1.03
.24
.99
.22
4.0
9.1
2-03
2-07
2-03
2-07
2-14
2-28
Payment Payment
Top: Trump’s call for lower rates lifted gold 3025.80 3022.37 3090.39 Republic Bancorp KY Cl A-RBCAA (Nasdaq) 2.7 Q .451 .407 10.8 3-21 3-21 4-18 This list includes payouts on This list includes payouts on
near a record. It ended at $2,777 an ounce. Schlumberger-SLB (NYSE) 2.7 Q .285 .275 3.6 2-05 2-05 4-03 common stocks. common stocks.
Bloomberg Barclays US Credit
45 USCB Financial Holdings-USCB (Nasdaq) 1.1 Q .10 .05 100.0 2-14 2-14 3-05
NYSE NASDAQ
(This index includes all publicly issued, fixed-rate, non-con- Wintrust Financial-WTFC (Nasdaq) 1.4 Q .50 .45 11.1 2-06 2-06 2-20
Handy & Harman Gold Price
40 vertible, investment-grade, dollar-denominated, SEC-regis- Monday (January 27) Monday (January 27)

35
tered corporate debt.)
3127.04 3124.68 3029.97 Dividend Payment Reductions Adjusted % Record Ex-Div Payment
Ellington Financial
TriNet Group
.13
.25
Campbell's
Heartland Financial USA
.39
.30
Bond Buyer 20 Bond Index Shoe Carnival .135
30 Company Name-Ticker Symbol (Exchange) Yield Period To From Decrease Date Date Date Tuesday (January 28)
Tuesday (January 28)
(Index of yields of 20 general obligation municipal bonds.) Dorchester Minerals-DMLP (Nasdaq) 10.7 Q .739412 .995785 -25.7 % 2-03 2-03 2-13 Cdn Imperial Bk Of Comm .691
25 4.19 4.28 3.43 Mesa Royalty Trust-MTR (NYSE) 2.6 M .000453 .022423 -98.0 % 1-31 1-31 4-30 A-Mark Precious Metals .20
Permian Basin Royalty Tr-PBT (NYSE) 4.7 M .02051 .021939 -6.5 % 1-31 1-31 2-14 GE Vernova .25
Wednesday (January 29)
20 Bond Buyer Municipal Bond Index PermRock Royalty Trust-PRT (NYSE) 10.2 M .040276 .050326 -20.0 % 1-31 1-31 2-14
Wednesday (January 29)
VOC Energy Trust-VOC (NYSE) 14.8 Q .085 .18 -52.8 % 1-30 1-30 2-13 Comcast Cl A .31
15 (Index of 40 actively-traded tax-exempt bonds; component Alamo Group .30
issues are changed regularly to keep the index a current Thursday (January 30)
picture of the market. Source: The Bond Buyer Stock Splits/Dividends Special Dividends Bank of Nova Scotia .754
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

10 Marvell Technology .06

Record Ex-Div Pay Buckle .35
4.47 4.55 4.84 Record Ex-Div Pay Company Name-Ticker Symbol (Exchange) Amount Date Date Date
Barron's Gold Mining Index (968.84) Buckle 2.50 Friday (January 31)
Company Name-Ticker Symbol (Exchange) Amount Date Date Date
5 Stock/Bond Yield Gap-s DouYu Intl ADR-DOYU (Nasdaq) 9.94 2-10 2-10 2-20 Gap Inc .15 Amdocs .479
NONE Peoples Bancorp of NC-PEBK (Nasdaq) 0.16 2-03 2-03 2-14
MSC Industrial Direct .85 Bel Fuse A .06
0 (Difference between yield on highest-grade corporate bonds
and yield on stocks on the DJIA.) Quest Diagnostics .75 Bel Fuse Cl B .07
-5 -3.31 -3.33 -1.82 Week’s Ex- Week’s Ex- U.S. Treasury Bills Winnebago Industries .34 Calavo Growers
Camden National
.20
.42
Wkly Ask
Yield on DJ Equal Weight US Corp Bond Idx:
-10
Corp Bonds, (y) 5.46 5.44 5.31
Dividend Dividend Maturity
March 25
Bid
4.23
Asked
4.22
Chg.
0.02
Yld.
4.30
Thursday (January 30)
B & G Foods .19
ChampionX
City Holding Co.
.095
.79
F M A M J J A S O N D J March 27 4.22 4.21 .... 4.29

v-Week ended Thursday. y-Yield to maturity, week ended Dates Dates April 01
April 03
4.21
4.22
4.20
4.21
....
....
4.29
4.30
Commercial Metals
TIM ADR
.18
.172
Consolidated Water
Ensign Group .062
.11

Thursday. z-Source: LSEG.*Barclays T-Bond Index discontin- April 08 4.21 4.20 0.01 4.29 First Busey .25
This list includes payouts on This list includes payouts on
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

ued by firm. April 10 4.21 4.20 .... 4.29 Wabash National .08 Garrett Motion .06
common stocks. common stocks. April 15 4.19 4.18 .... 4.28
April 17 4.20 4.19 -0.01 4.28 Friday (January 31) Global Water Resources .025
NYSE NASDAQ April 22 4.20 4.19 .... 4.29 Goosehead Insurance Cl A 5.91
Tuesday (January 28) Tuesday (January 28) April 24 4.21 4.20 0.02 4.30 Arcosa .05
Federal Reserve Data Bank Carpenter Technology .20
Apogee Enterprises .26 April 29
May 01
4.19
4.20
4.18
4.19
0.01
....
4.28
4.29
Argan .375
Investar Holding
McGrath RentCorp
.105
.475
Wednesday (January 29) May 06 4.20 4.19 0.01 4.30 BankUnited .29 Morningstar .455
One week ended Jan 22: Wednesday (January 29) May 08 4.20 4.19 .... 4.29
Cal-Maine Foods 1.489 Brady Cl A .24 WD-40 .94
Antero Midstream .225 Entegris .10 May 13 4.20 4.19 .... 4.30
Member Bank Latest Prev. Week Year Ago May 15 4.19 4.18 .... 4.29 CTS Corp .04 Xerox Holdings .25
Clorox 1.22 MarketWise .03
Reserve Chgs. (Mil. $) Week Change Change MetroCity Bankshares .23 May 20 4.20 4.19 .... 4.31 Dell Technologies Cl C .445
Greenbrier .30 May 22 4.19 4.18 0.01 4.29 Saturday (February 1)
Northern Technologies .07
U.S. Gov't securities: Lennar Cl A .50 May 27 4.20 4.19 .... 4.31 Edison International .827 Norwood Financial .31
Lennar Cl B .50 Thursday (January 30) May 29 4.18 4.17 .... 4.28
Bought outright 6,509,167 -15,141 -646,094 EMCOR Group .25 RGC Resources .207
NONE June 05 4.16 4.15 .... 4.27
Thursday (January 30) June 12 4.16 4.15 -0.02 4.28 EOG Resources .975
Federal agency secur: Friday (January 31) June 20 4.16 4.15 .... 4.27 Sunday (February 2)
AZZ .17 GFL Environmental .014
Bought outright 2,347 .... .... Alliant Energy .507 June 26 4.15 4.14 -0.02 4.27 NONE
Marsh & McLennan .815 Concentrix .333 July 03 4.16 4.15 .... 4.28 Globe Life .24
Reserve bank credit: Valero Energy 1.13 CSW Industrials .24 Jul 10 '25 4.14 4.13 -0.02 4.27 Greystone Housing Impact .37
Primary Credit
Secondary Credit
2,812
....
+280
....
+285
....
Friday (January 31)
AES .176
Fastenal
Lifetime Brands
Plains All Amer Pipeline
.43
.043
.38
Jul 17 '25
Jul 24 '25
Aug 07 '25
4.15
4.14
4.11
4.14
4.13
4.10
-0.02
....
-0.01
4.28
4.28
4.21
Humana
IDEX Corp
.885
.69
Week’s
Seasonal Credit
Float
....
-284
-1
+38
....
-39
Ally Financial
AO Smith
.30
.34
Plains GP Holdings
RBB Bancorp
Scholastic
.38
.16
.20
Sep 04 '25
Oct 02 '25
Oct 30 '25
4.08
4.04
4.04
4.07
4.03
4.03
-0.02
-0.04
-0.04
4.18
4.16
4.17
JPMorgan Chase
Methode Electronics
1.25
.14
Dividend
Other F.R. Assets
Total Fed Credit #
42,272
6,788,171
+1,725
-16,757
-4,151
-851,080
Citizens Financial Group
Ellington Financial
.42
.13
Texas Instruments
Saturday (February 1)
1.36 Nov 28 '25
Dec 26 '25
4.02
3.99
4.01
3.98
-0.04
-0.04
4.16
4.14 Northern Oil & Gas .42 Payment
Enterprise Pdts Partners .535 Jan 22 '26 3.99 3.98 .... 4.15 OGE Energy .421
Gold stock 11,041 .... .... NONE This list includes payouts on
Genesis Energy .165 Oxford Industries .67 common stocks.
SDR Certif. Accounts 15,200 .... +10,000 Grupo Aval Acciones ADR .009 Sunday (February 2)
Treas. Curr. Outst.
Total
53,145
6,885,064
+14
-16,602
+728
-841,012
Lamb Weston Holdings
Morgan Stanley
.37
.925
NONE
Monday (February 3)
Barron’s 50-Stock Average Quaker Houghton
RPM International
.485
.51
NYSE American
Monday (January 27)
Currency in circ 2,353,811 -6,497 +21,996 Northwest Natural .49 This index is a weighted average of 50 leading issues. Useful in secu- South Bow .50
AmeriServ Financial .03 Acme United .15
PermRock Royalty Trust .04 Casey's General Stores .50 rity valuation. Source: Barron's Stats Stryker .84
Treas. Cash Hldgs 324 +7 -83
Treas. Fed Deposits 677,282 +36,057 -122,076 Targa Resources .75 Five Star Bancorp .20 Jan 23 Jan 16 Jan Yr-to-Yr TD SYNNEX .44 Tuesday (January 28)
TXNM Energy .407 Peoples Bancorp (Ohio) .40
Foreign Fed Deposits 9,688 .... -2 Peoples Bancorp of NC .16 2025 2025 2024 % Chg Tecnoglass .15 NONE
Other Fed Deposits 175,648 +12,275 +12,065 Virtus Invt Partners 2.25 Radius Recycling .188 S&P 500 Index 6118.71 5937.34 4786.01 27.85
Southern States Bcshs .09 Toronto-Dominion Bank .728 Wednesday (January 29)
Other FR liab/cap -165,830 +2,396 -78,478 Saturday (February 1) Barron’s 50 Index 14618.36 14315.89 12305 18.80
Projected quarterly earn 128.64 129.58 152.83 –15.83 Trinity Industries .30 NONE
Total factors 3,552,785 -8,064 -646,608 NONE Annualized projected earn 514.58 518.31 611.32 –15.83 Veralto .11
Reserves F.R. banks
Fgn hold U.S. debt
3,332,278
3,258,621
-8,538
+18,396
-194,405
-98,419
Sunday (February 2) Week’s Ex- Annualized projected P/E
Five-year average earn
28.41 27.62
543.75 544.13
20.13
530.9
41.13
2.42
Watsco 2.70
Thursday (January 30)
NONE
Watsco B 2.70
NONE
Monday (February 3)
Dividend Five-year average P/E
Year-end earn
26.88 26.31
528.13 529.07
23.18 16.00
681.4 –22.49
Zimmer Biomet Holdings .24 Friday (January 31)
Reserve Aggr (Mil. $) Latest Prev. Month % Year Amcon Distributing .28
Month Ended Nov: Month Month Chg. Ago Aon
Assurant
.675
.80
Dates Year-end P/E
Year-end earns yield, %
27.68 27.06
3.61 3.70
18.06 53.27
5.5 –34.76
Saturday (February 1) National Healthcare .61
Total Reserves: 3,256,800 3,211,600 1.41 3,403,500 Brink's .243 Best grade bond yields, % 4.90 4.96 3.7 31.28 Townsquare Media Cl A .198 Saturday (February 1)
Nonborrowed Res 3,221,400 3,142,700 2.50 3,250,100 This list includes payouts on
Carriage Services .112 common stocks. Bond yields/stock ylds, % 1.36 1.34 0.67 101.22 NONE
Sunday (February 2)
Borrowed Reserves 35,457 68,896 -48.54 153,339 Citigroup .56 Actual year-end divs 266.36 265.96 253.42 5.11
Monetary Base 5,616,500 5,567,200 0.89 5,731,400 Graham Holdings 1.80 NYSE American Actual yr-end divs yld, % 1.82 1.86 2.06 –11.53 NONE Sunday (February 2)
Pinnacle West Capital .895 NONE NONE
 January 27, 2025 BARRON’S 53

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

GRAIL SS&C Tech Equillium ProtagenicTherap BrookfieldAsset NiSource Coca-Cola Femsa LuckyStrike

Week’s GuardantHealth
HealthEquity
Hesai
StabilisSolns
SterlingInfr
StoneX
EuroTech
EvaxionBiotech
Expion360
PureTechHealth
QuoinPharm
QurateRetailB
CapitalOne
CardinalHealth
CarpenterTech
Oklo
OnHolding
OneMain
ConagraBrands
Cosan
Mativ
MolsonCoorsA
NewOrientalEduc
CubeSmart
New Highs and HimaxTechs
HorizonSpaceI
SunCountryAir
SuperCom
Eyenovia
EzgoTech
Raytech
RepareTherap
Celestica
CenterPointEner
Oppenheimer A
OppFi
DesktopMetal
E2open
Polaris
RestaurantBrands
SafeBulkers
Lows
IBEX TalenEnergy Falcon'sBeyondGlbl ReToEcoSol CheniereEnerPtrs OriginBancorp Enlightify
IF Bancorp TatTechnologies Fathom RevelationBio Chewy PHX Minerals ScorpioTankers
EvolentHealth
InariMedical TaviaAcqn FemtoTech RF Acqn Ciena Penumbra SoloBrands
Forestar SunnovaEnergy
InnovSolSuprt TexasCommBcshs FulgentGenetics RF Acqn A Citigroup PlanetFitness
NYSE GaotuTechedu Ternium
Insulet TheravanceBio FutureFinTech RocketPharm Cloudflare PlanetLabs
HelixEnergy UnitedMicro

262 52
Intapp TomiEnvl Galapagos SafetyShot ComfortSystems PlayAGS
Hershey UtzBrands
InteractiveBrkrs TowerSemi GDEV ScanTechAI ComstockRscs PrimoBrands
ScienceApplicat LightInTheBox VentureGlobal
InterlinkElec TravereTherap GlbInteractiveTech Corning PrimorisSvcs
New Highs New Lows
IntuitiveMachinesA GoldenStarAcqn SeaStarMedical Corteva LiveWire WesternUnion
Trimble PureStorage
IntuitiveSurgical TruBridge GrowGeneration SharpsTech CraneNXT Qiagen
Nasdaq
iRadimed TSS HarvardBioSci ShenandoahTel DT Midstream QuantaServices Conference Call Calendar
IturanLocation Uni-Fuels HepionPharm Shineco Dana RELX

369 236
Earnings-
JayudGlblLogistics UnitedAirlines HeritageDistilling SilexionTherap DaVita REV Related
SMX Company Date Time Period
JetBlue UnityBancorp HighestPerf DeckersOutdoor RalphLauren
New Highs New Lows Joyy UnityBiotech HK Pharma SolidBiosci Deere RangeResources A O Smith January 30 10:00AM Q4
JVSPAC Acqn A UrbanOutfitters HWH Intl SotherlyHotels DeltaAir RangerEnergySvcs Abbvie January 31 9:00AM Q4
NYSE American KeenVisionAcqn US Energy HyzonMotors Springview DeutscheBank RaymondJames Alexandria Real Estate Equities January 28 3:00PM Q4
KolibriGlblEnergy ValuenceI A IconEnergy Starbox Dick's Reddit Ameriprise Financial January 30 9:00AM Q4

20 12 StarBulkCarriers Aon PLC January 31 8:30AM Q4

KratosDefense VeronaPharma iCoreConnect Dillard's Redwire Apple January 30 5:00PM Q1
KVH Inds Vertex ICZOOMA StardustPower DiscoverFinSvcs Roblox Arthur J. Gallagher & Co. January 30 5:15PM Q4
New Highs New Lows LakelandInds Vicor IMAC StarFashion EMCOR RushStreetInt AT&T January 27 8:30AM Q4
LaunchOneAcqnA VineHillCapA Immatics SUNationEnergy EQT SAP Automatic Data Processing January 29 8:30AM Q2
Only includes COMMON and REIT stocks
LeishenEnergy VirtuFinancial Immunic SunRun EQVVenturesA SableOffshoreA Avery Dennison January 30 11:00AM Q4
Lensar InozymePharma SynergyCHC EastmanKodak Baker Hughes Co January 31 9:30AM Q4
VitaCoco SelectQuote
T2Biosystems Blackstone January 30 9:00AM Q4
NYSE American Axogen LexinFintech VNET InspireVeterinary Embraer Semrush Boeing Co January 28 10:00AM Q4
BayFirstFinancial LiquiditySvcs Wang&Lee IntelligentGrp Taoping Enbridge Shift4Paymts Broadridge Financial Solutions January 31 8:30AM Q2
NEW HIGHS Blackboxstocks TCBioPharm
LPL Financial Waystar InteractStrength Endeavor Similarweb Brown & Brown January 28 8:00AM Q4
AdamsRscs BleichroederI A LSI Inds WillametteValley Intergroup TCTMKidsITEduc Enerflex SkechersUSA BXP January 29 10:00AM Q4
BM Tech BOS BetterOnln Lumentum YHNAcqnI Invivyd ThirdHarmonic EnergyTransfer Skillsoft Cardinal Health January 30 8:30AM Q2
CollectiveMining Brainsway Macom Tech ZebraTech IovanceBiotherap TilrayBrands EnovaIntl SolarisEnergy Caterpillar January 30 8:30AM Q4
CPI Aero Brightcove Marex iSpecimen TNL Mediagene Entergy SonicAutomotive
CH Robinson Worldwide January 29 5:00PM Q4
Electromed BrightSpring MarvellTech NEW LOWS IspireTechnology TransMedics Equitable
Charter Communications January 31 8:30AM Q4
SpireGlobal Chevron January 31 11:00AM Q4
FlexSolInt ByrnaTech MatrixService 4D Molecular JaguarHealth TScanTherap EverusConstrn Spotify Cigna January 30 8:30AM Q4
HoustonAmEner Cal-MaineFoods Matterport ACELYRIN Jet.AI TungrayTech ExcelerateEner Stride Comcast January 30 8:30AM Q4
LGL Group CantorEqPtrsI MelarAcqnIA AchieveLifeSci JinxinTech U-BX Tech Fabrinet Corning January 29 8:30AM Q4
To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

SummitMidstream
MilestoneSci CarGurus MesaLabs AdagioMedical JupiterNeurosci UpstreamBio FinVolution SuperGroup
Danaher January 29 8:00AM Q4
NorthernDynasty Aditxt VCIGlobal Deckers Outdoor January 30 4:30PM Q3
Carlyle MetaPlatforms JX Luxventure FirstHorizon SynchronyFinl
OrlaMining Dover January 30 9:00AM Q4
CaysonAcqn Middleby Aemetis KaziaTherap VincerxPharma FivePoint TD Synnex Dow January 30 8:00AM Q4
ProtalixBio CellebriteDI MindTech Algorhythm KyvernaTherap VirpaxPharm Flowco TKO Eastman Chemical Co January 31 8:00AM Q4
RileyExpln CEVA Mint AllogeneTherap LaRosa Wendy's Flowserve TaiwanSemi Exxon Mobil January 31 9:30AM Q4
Senseonics ChampionsOncology MirumPharm AlphaModusA LexeoTherap WheelerREIT FreseniusMedCare TamboranRscs F5 January 28 4:30PM Q1
TrilogyMetals CheesecakeFct MonoparTherap AlternusCleanEner LichenChina WindtreeTherap GATX Tapestry
Franklin Resources January 31 11:00AM Q1
WestwaterRscs Alumis Workhorse Gen Digital January 30 5:00PM Q3
ChefsWarehouse MrCooper LoboEV GE Aerospace TargaResources General Dynamics January 29 9:00AM Q4
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Amcon AscentagePharma ZentalisPharm
ClearPtNeuro NCS Multistage Macrogenics Gildan Telephone&Data International Business Machines January 29 5:00PM Q4
AtlasClear
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CloverHealth NebiusA AspiraWomenHlth MaidenHoldings ZuraBio Glaukos TempurSealy International Paper Co January 30 10:00AM Q4
Azitra AtaraBiotherap Invesco Ltd January 28 9:00AM Q4
CohenCircleI A NetClassTech MarkerTherap NYSE GlobusMedical 3M
B2Gold ATN Intl Kimberly-Clark January 28 8:00AM Q4
CompassTherap Netflix MBX Biosci GoldmanSachs TrinityIndustries
Birks AutoziInternet
KLA January 30 6:00PM Q2
ConstellationEner NextDecade MediromHlthcr NEW HIGHS Greenbrier Tuya Lam Research January 29 5:00PM Q2
BluerockHomes AvenueTherap
CorceptTherap Nova MeiwuTechnology AcresCmclRlty Group1Auto Twilio Las Vegas Sands January 29 4:30PM Q4
BrazilPotash Baijiayun
CredoTech NutexHealth MersanaTherap A10Networks GuarantyBcshrs UBS Group Lennox International January 29 9:30AM Q4
CalidiBiotherap Beneficient Lockheed Martin January 28 11:00AM Q4
CyberArkSoftware Nutriband MGO Global AbbottLabs Guidewire UGI
IvanhoeElectric BensonHill Marsh & McLennan Companies January 30 8:30AM Q4
DelcathSystems OakWoodsAcqnA MicroAlgo AcuityBrands GulfportEnergy Ubiquiti
KnowLabs BicaraTherap Mastercard January 30 9:00AM Q4
DenaliCapAcqnA OldNatlBncp MidlandStBncp Acushnet HSBC UnvlTechInst Meta Platforms January 29 5:00PM Q4
Scorpius bioAffinityTech
DigihostTech OneSpan MinervaNeurosci AdtalemGlbEduc HessMidstream VF Microsoft January 29 5:30PM Q2
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DocGo OSI Systems ModivCare AgnicoEagleMines HewlettPackard VentureGlobal MSCI January 29 11:00AM Q4
Nasdaq DogwoodTherap OxbridgeRe Biogen MustangBio AlaskaAir HowmetAerospace Vertiv Nasdaq January 29 8:00AM Q4
DoorDash PactivEvergreen BionanoGenom MyriadGenetics Allete ICL Group Viking
Norfolk Southern January 29 8:45AM Q4
NEW HIGHS DT CloudStar Pegasystems BitOrigin NaaSTechnology AllianceBernstein INNOVATE Northrop Grumman January 30 9:00AM Q4
Visa Nucor January 28 10:00AM Q4
ActuateTherap DTCloudAcqn PerceptiveCap BlinkCharging NanoVibronix AmerSports IntegerHoldings VistaEnergy Otis Worldwide January 29 8:30AM Q4
AdaptiveBiotech DXP Ents PerellaWeinberg BlueHatInt NationalBeverage Ameren InterContHtls Vistra Paccar January 28 12:00PM Q4
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NEW LOWS Starbucks January 28 5:00PM Q1
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Amazon.com Freightos SemiLEDS ContextTherap PalisadeBio BankNY Mellon MRC Global ArcusBiosci Thermo Fisher Scientific January 30 8:30AM Q4
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Frontier Semtech ContineumTherap PAVmed Barclays Mytheresa ArdentHealth
Trane Technologies PLC January 30 10:00AM Q4
AmerAirlines G Willi-Food SenstarTech CorbusPharm PepGen BarnesGroup Markel BGSF United Parcel Service January 30 8:30AM Q4
AmOutdoorBrands GAN SIMAcqnIA DermataTherap PhoenixMotor Bio-RadLab B MasTec BorrDrilling Valero Energy January 30 10:00AM Q4
AquaronAcqn GCM Grosvenor SKYX Platforms DigitalAlly PicoCELA BlackSkyTech MitsubishiUFJ BostonBeer Visa January 30 5:00PM Q1
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WW Grainger January 31 11:00AM Q4
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 54 BARRON’S January 27, 2025

O T H E R VO I C E S
Getting deregulation right could encourage
growth. Getting it wrong risks repeating a mistake
that underpinned the 2008 crisis.

have little incentive to act prudently. would only exacerbate the problem. It
In a healthy financial system, inves- would loosen the grip of regulators
tors who stand to lose from a bank’s pulling for prudence without replac-
failures constrain excessive risk-tak- ing it with the steady hands of private
ing. However, when these investors investors duly incentivized by having
believe government bailouts will res- their wealth on the line. A similar
cue them when things go wrong, they mismanagement of the timing of fi-
stop pulling for caution and join the nancial deregulation contributed to
side advocating for more risk. the 2008 crisis and numerous other
Unfortunately, moral hazard has financial crises worldwide.
become entrenched in the U.S. finan- What’s needed is a credible strategy
cial system. Over the years, federal to ensure that decision makers within
regulators, including the Federal Re- financial institutions have genuine
serve, have repeatedly bailed out in- “skin in the game.” This means re-
vestors—sometimes even uninsured forming policies that shield influential
or nondeposit investors in large finan- investors and executives from the con-
cial institutions. The Dodd-Frank Act sequences of their actions, exposing
was passed after 2008 to prevent an- them to potential losses. Such reforms
other similar financial crisis. Instead, would realign incentives, restoring the
the law has unintentionally worsened natural tension that constrains exces-
the risk-taking dynamics in the finan- sive risk-taking.
cial sector. By codifying the Federal Credibility is key. Regulators and
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Reserve’s responsibility for all “sys- policymakers can’t simply promise

temically important” financial institu- not to bail out uninsured investors.
tions, the act has effectively extended Investors won’t believe them because
the protective bailout net, encouraging officials have repeatedly shown that

A Tug of War Over

ever-riskier behavior. they will bail out just about everyone
The collapse of Silicon Valley Bank when things go awry. If investors
in March 2023 underscores this prob- don’t believe they are exposed to po-
lem. Although many of the banks’ tential losses, they won’t pull for pru-

Banks Could Send Us

For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

deposits exceeded the threshold for dence. They will continue to advocate
government guarantees, the authori- excessively high-risk strategies, ex-
ties opted to make all depositors pecting the government to bail them
whole. That decision again signaled out if those gambles fail. Without

Back to 2008
that even uninsured investors can credibility, the tug of war over risk
expect to be bailed out the next time a will remain dangerously imbalanced.
bank fails. This only deepens the By aligning incentives before loos-
moral hazard problem, incentivizing ening restrictions, the administration
banks to take greater risks, knowing can create a robust and dynamic fi-
that others will shoulder the losses. nancial system. Research consistently

T
The current regulatory approach shows that well-executed deregulation
he stakes couldn’t BY ROSS board members pull for high-risk, attempts to counteract the powerful can boost entrepreneurship, drive job
be higher as Presi- LEVINE high-return strategies, enticed by the risk-taking incentives unleashed by creation, and improve living stan-
dent Trump’s nomi- The writer is the large payouts if those investments government bailouts by constructing a dards—especially for the middle class.
nees and advisers Booth Derbas succeed. On the other side, investors vast regulatory and supervisory appa- But the sequencing matters. If deregu-
signal the new ad- Family/Edward with significant exposure to losses ratus. But this comes with enormous lation is rushed without addressing
ministration’s in- Lazear senior fel- pull for prudence. But what happens costs. The apparatus burdens finan- moral hazard, the consequences could
tent to roll back low and co-direc- when those advocating for caution let cial institutions with significant com- be catastrophic.
financial regulations. If done correctly, tor of the Financial go of the rope? The result is excessive pliance costs that are ultimately The choices made in the coming
financial deregulation can spur entre- Regulation Work- risk-taking, with dire consequences passed to the public, and it impedes months regarding the sequencing of
preneurship, boost economic growth, ing Group at Stan- for financial stability. the efficient allocation of credit, slow- financial deregulation will shape the

Illustration by Lars Leetaru

and increase wages. But if mishan- ford University’s Why would influential investors ing economic growth. U.S. economy for decades. Getting it
dled, it risks destabilizing the financial Hoover Institution. with significant exposures stop advo- While deregulation seeks to allevi- right could encourage growth and
system and triggering a crisis on a cating for caution? The reason stems ate these adverse effects, it must be prosperity. Getting it wrong risks re-
scale that could dwarf 2008. from a concept economists call “moral approached cautiously. Rolling back peating a key mistake that under-
To understand the challenge, imag- hazard.” When decision makers share regulatory constraints on risk-taking pinned the 2008 crisis, with devastat-
ine a tug of war over a bank’s risk-tak- the upside of risky bets but are without addressing the root cause of ing consequences for economic and
ing. On one side, some executives and shielded from the downside, they moral hazard—bailout expectations— social stability. B
 January 27, 2025 BARRON’S 55

RETIREMENT MAILBAG
Trump, Social Security, Tariff Alchemy and
And When to Claim Early
Tariff Realism
BY ELIZABETH O’BRIEN taxation of Social Security benefits, ending To the Editor: pons are an attractive 7% and 8% or
taxes on tips and overtime pay, and ex- In the Jan. 17 Up & Down Wall Street higher, and as preferred shareholders,

S
ocial Security is in trouble, and panding deportations of undocumented column (“Tariffs Are a Tax on Consum- they often would need to be refinanced
some of President Donald workers who often pay into the system but ers, According to Most Economists. or paid off at par well before the com-
Trump’s proposals would only collect no benefits. This Trump Adviser Says They’re All mon shareholders are paid a penny.
weaken the program’s finances, Trump would need Congress’ approval Wrong”), the tariff argument being put And many of these issues are trading
according to some budget hawks who to change how Social Security is financed, forth by President Donald Trump’s nomi- at under 40 cents on the dollar, though
have estimated their impact. which is mostly through a dedicated pay- nee to head the Council of Economic Ad- they have more than doubled since
Does that mean you should claim early roll tax. And Congress will put its own visers, Stephen Miran, is true alchemy. Trump’s election.
to avoid benefit cuts? Not necessarily. The stamp on Trump’s proposals, if it chooses On one hand, Miran has stated that It’s a “safer” way than the common
math behind waiting at least to full retire- to advance them at all. For example, a pro- tariffs will result in a further rise in the shares to wait for the companies to go
ment age is still quite compelling, though posal by House Republicans would ex- dollar’s exchange rates, which offsets public again, and if some common hold-
there may be other reasons to get your empt overtime and tip wages from income part of the cost to American consumers ers haven’t factored these billions into
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Social Security paychecks rolling sooner. tax but maintain the payroll taxes to en- and ends up making overseas producing their valuation calculations, all I can say
Despite the urge to pocket your money sure that funding remains unaffected. countries pay the price. On the other is “oops!”
before things get worse, Social Security None of this changes the math on the hand, he wants to hold a “Mar-a-Lago Mark S. Nussbaum
isn’t going away. What’s more, current best time to claim—maximizing your pay- Accord” meeting to bring down the rela- La Jolla, Calif.
beneficiaries and people close to retire- ments for your expected longevity. The tive value of the U.S. dollar so that Amer-
ment are highly unlikely to see any reduc- earliest age when you can claim benefits is ican companies can export competitively.
tion in benefits, says Charles Czajka, 62, considered an “early retirement.” For It seems as though he is trying to sell When the Bubble Bursts
founder of financial consultancy Macro people born in 1960 and later, it results in both sides of an argument while ignoring
For personal non-commercial use only. Do not edit or alter. Reproductions not permitted.

Money Concepts. “It would be a cold day benefits that are permanently reduced by the possibility of retaliatory measures. To the Editor:
in hell before they cut Social Security ben- 30% compared with what you’d receive at The Jan. 9 Other Voices column, “The It’s easy to argue that cryptocurrencies
efits, so they have to find a fix,” he says. your full retirement age of 67, when you Market Reckoning With Tariffs Is Com- don’t deserve a more traditional gover-
Yet the clock is ticking for Congress. receive 100% of your earned benefit. ing Soon,” didn’t require the reader to nance structure, as crypto is unlike tra-
According to the Social Security trustees’ If you can wait three more years until suspend logic and turn lead into gold. ditional investments in that it has no
latest forecast, the retirement trust fund 70, you’ll receive 124% of what you would Robert W. Hutten intrinsic value (“Why Trump’s New
will run dry in 2033. After that, incoming have gotten at full retirement age. “The Fairfax, Va. Crypto Era May Be Less Wild, and More
tax revenue would be sufficient to fund math is very powerful,” says Martha Profitable, Than Investors Think,” Other
only 79% of scheduled benefits. Put an- Shedden, president and co-founder of the Voices, Jan. 17). Putting in place a tradi-
other way, recipients a few years from now National Association of Registered Social Shareholder Satisfaction tional governance structure by itself
would face automatic benefit cuts of 21% if Security Analysts. would legitimize crypto, which will re-
Congress doesn’t act to avert the cuts. Another way to think about it: The To the Editor: sult in even more irrational exuberance.
Recent developments may exacerbate longer you wait, the more you earn on Your article “Trump May Privatize When the bubble bursts, will that struc-
the problems. The Social Security Fairness your Social Security pension, which keeps Fannie Mae and Freddie Mac. What It ture make anyone whole again?
Act, signed into law by Joe Biden, ex- building like a portfolio of stocks and Means for Shareholders and Home- Edward Taussig
panded benefits for certain public servants bonds. “There is no investment out there owners” (Jan. 17) doesn’t account for Brooklyn, N.Y.
without bringing in any new revenue. The that will give you a risk-free 8% return for one very large class of investors that
measure will accelerate the depletion of every year you wait,” says Romina Boccia, sit higher in the capital structure than
the combined retirement and disability director of budget and entitlement policy common shareholders: preferred share- Send letters to Mail@Barrons.com.
trust funds by about six months, accord- at the libertarian-leaning Cato Institute. holders. They need to be satisfied before To be considered for publication,
ing to the Congressional Budget Office. The good deal isn’t likely to disappear the common shareholders get a penny correspondence must bear the writer’s
In addition, Trump proposed policies soon. While lawmakers may not come up of value. name, address, and phone number.
on the campaign trail that would reduce with a sustainable way to shore up Social Many of these issues of $25 and $50 Letters are subject to editing.
revenue coming into Social Security, Security—that would involve a painful par value are noncumulative, so the
speeding the trust fund’s depletion by combination of benefit cuts and tax in- dividends have not been piling up, giv-
three years in total, according to the Com- creases—they probably will do something ing Fannie Mae and Freddie Mac “free The Barron’s Daily is our morning briefing
mittee for a Responsible Federal Budget. to plug the trust fund’s shortfall and push financing” and distorting their true op- for what you need to know for the day.
These proposals include ending the partial changes onto younger generations. B erating profitability. But the stated cou- Sign up at barrons.com/newsletters.
 M W L C 10 11 12 H G R P 4 8 3 F 2 D 6 7 9 0 A I
56 BARRON’S January 27, 2025

Retirement Checklist:
Saving, Spending, Security
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Tuesday, February 11 | 12PM ET

Retirement might come with a gold watch or its digital successor, but it doesn’t
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