Enjoying your free trial? Only 9 days left! Upgrade Now
Brand-New
Dashboard lnterface
ln the Making
We are proud to announce that we are developing a fresh new dashboard interface to improve user experience.
We invite you to preview our new dashboard and have a try. Some features will become unavailable, but they will be added in the future.
Don't hesitate to try it out as it's easy to switch back to the interface you're used to.
No, try later
Go to new dashboard
Published on Jul 19,2023
Like
Share
Download
Create a Flipbook Now
Read more
Publications
Read Text Version
More from mark.chen.im
P:01

VOL. CII NO. 40 OCTOBER 3, 2022 $5.00

BEHIND THE MESS IN THE U.K. • PAGE 13

BEST

MOVES

NOW

Stocks are

hammered,

but bargains

emerge.

PAGES 5 ,7,22 ,23

Where to find

hefty yields.

PAGE 10

A playbook for

the next decade.

PULLOUT SECTION

>

63142

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:02

© 2022 Dow Jones & Company,

Inc. All Rights Reserved.

Our newspapers are 100% sourced

from sustainable certified mills.

BARRON’S (USPS 044-700) (ISSN

1077-8039) Published every

Monday. Editorial and Publication

Headquarters: 1211 Avenue of

the Americas, New York, N.Y.

10036. Periodicals postage paid at

Chicopee, MA and other mailing

offices. Postmaster: Send

address changes to Barron’s, 200

Burnett Rd., Chicopee, MA 01020

CONTENTS 10.03.22 VOL.CII NO.40

Index P.4

Review&Preview P.8

Mailbag P.51

InsideScoop P.29

Illustration by Kyle

Ellingson

P. 13

A Gloomy Outlook in London

The U.K. faces multiple crises, triggered by the radical economic approach of new Prime

Minister Liz Truss, below. Stocks, real estate, and other assets look cheap—but investors

must weigh that against a host of uncertainties. By BRIAN SWINT

P. 5

Up & Down Wall Street:

Fed Walks a Tightrope

By RANDALL W. FORSYTH

P. 7

Streetwise: A Reality

Check on Home Prices

By JACK HOUGH

P. 10

What to Buy as Yield

Plays Bounce Back

More than a dozen investment

ideas for income seekers, from

dividend stocks and corporate debt

to municipal bonds and REITs.

By LAWRENCE C. STRAUSS

P. 15

Snagging Olaplex at a

Bargain Price

Cut through the market noise and

you’ll find a hair-care innovator

with hefty profits, healthy growth,

and a cultlike following.

By KARISHMA VANJANI

P. 16

These Six SPACs Are

Not Like the Others

What sets stocks like ChargePoint

and Vacasa apart from the many

that went public through specialpurpose acquisition companies.

By AL ROOT

P. 17

Where a Muni-Fund

Pro Hunts for Winners

Profile: Karl Zeile of American

Funds Tax-Exempt Bond is using

rising interest rates as a chance to

double down on his positions.

By DEBBIE CARLSON

P. 20

Stay Patient as the

Market Recalibrates

Q&A: BlackRock’s Rick Rieder

discusses Fed policy, the outlook

for the economy and inflation, and

his favorite investments now.

By NICHOLAS JASINSKI

P. 50

A European Downturn

Won't Be Contained

Other Voices: The U.S.’s fortunes

are closely linked to Europe’s

economic and geopolitical heft.

By JOSEPH QUINLAN and

LAUREN SANFILIPPO

SPECIAL PULLOUT:

GUIDE TOWEALTH

P. S2

A New Portfolio for

the Next Decade

Cover Story: We look beyond the

short-term turmoil to identify

strategies for long-term success.

By NICHOLAS JASINSKI

P. S4

Five Stocks to Own

Over the Long Haul

By STEVE GARMHAUSEN

P. S6

Building a Bond

Ladder, Step by Step

By DAVID STERMAN

P. S8

How to Diversify Your

Portfolio With Alts

By LEWIS BRAHAM

Charting theMarket P.30

WinnersandLosers P.31

MarketView P.32

Statistics P.33

P. 19

Economy: The Elusive

Federal Reserve Pivot

Things will probably have to get

a lot worse to revive the “Fed put”

that rescues investors.

By LISA BEILFUSS

P. 22

Tech Trader: Picking

Through the Rubble

The trick is to buy stocks tied to

still-powerful trends like cloud

computing and high-tech autos.

By ERIC J. SAVITZ

P. 23

Trader: This Bear Isn’t

Ready to Hibernate

By BEN LEVISOHN

P. 26

Euro Trader: A FedEx

Rival Worth Buying

By CALLUM KEOWN

P. 26

Emerging Markets:

India’s iPhone Future

By CRAIG MELLOW

P. 27

Striking Price: Cozy

Up to Market Chaos

By STEVEN M. SEARS

P. 28

Commodities: Lithium

Demand Crimps Supply

By MYRA P. SAEFONG

Barron’s Roundtable

on Fox Business

Watch our TV show Saturday or

Sunday at 10 a.m. or 11:30 a.m. ET.

This week, insights from Charles

Schwab’s Liz Ann Sonders.

James Veysey/Shutterstock

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:03

October 3, 2022 BARRON’S 3

Visit www.iShares.com to view a prospectus, which includes investment objectives, risks, fees, expenses and other information that

you should read and consider carefully before investing. Investing involves risk, including possible loss of principal. Fixed income risks

include interest-rate and credit risk. Typically, when interest rates rise, there is a corresponding decline in bond values. Credit risk refers to the possibility that the bond issuer

will not be able to make principal and interest payments. The strategies discussed are strictly for illustrative and educational purposes and are not a recommendation, offer or

solicitation to buy or sell any securities or to adopt any investment strategy. There is no guarantee that any strategies discussed will be effective. Buying and selling shares of

ETFs may result in brokerage commissions. Prepared by BlackRockInvestments, LLC, member FINRA. ©2022 BlackRock, Inc. All rights reserved. iSHARES and BLACKROCK

are trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. All other marks are the property of their respective owners. iCRMH0522U/S2197943

Get your share of progress.

In today’s low-rate world, consider a different

approach to help offset equity risk, preserve

capital and seek income. Barbell your bonds by

anchoring your portfolio with low cost iShares

bond ETFs and allocating your fee budget to

flexible and alternative active strategies.

GET YOUR

SHARE OF

BONDS.

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:04

4 BARRON’S October 3, 2022

INDEX Our index lists significant companies mentioned in stories and columns,

plus Research Reports, and Corrections & Amplifications. The

references are to the first page of the item in which the company is

mentioned.

For Customer Service, call 1 (800) 544-0422, or go to

customercenter.barrons.com. For reprints of articles,

call 1 (800) 843-0008, or go to djreprints.com.

A Abbott Laboratories . . . . . . . . . . . . . . . . . . . . . . . 12

Adobe . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29

Affirm Holdings . . . . . . . . . . . . . . . . . . . . . . . . . . . 22

Airbnb . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16

Alexandria Real Estate Equities . . . . . . . . . . . 12

Alphabet. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .22

Amazon.com ............................ 22,S4

American Electric Power....................9

American Homes 4 Rent . . . . . . . . . . . . . . . . . . . 12

Anheuser-Busch InBev . . . . . . . . . . . . . . . . . . . . 12

Apple . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26

Ares Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S9

Atlassian . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22

AT&T . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

B BAE Systems . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

Bank of America ........................10,S3

Biogen ................................... 8,30

BlackRock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20

Blackstone . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

Booking Holdings . . . . . . . . . . . . . . . . . . . . . . . . 9,16

BP. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .13

Brightcove . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29

Bristol Myers Squibb . . . . . . . . . . . . . . . . . . . . . . 12

C Canadian Pacific Railway . . . . . . . . . . . . . . . . . . S5

Carmax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30

Carnival . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30

Cavco Industries ............................7

Century Communities .......................7

ChannelAdvisor . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29

Chegg . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30

Chevron . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S5

Chipotle Mexican Grill . . . . . . . . . . . . . . . . . . . . . S3

Circor International . . . . . . . . . . . . . . . . . . . . . . . 29

Cloudflare . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22

Coca-Cola. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .12

Cohen & Steers Ltd Duration Pref & Inc . . 30

Coinbase Global . . . . . . . . . . . . . . . . . . . . . . . . . . . 30

Colgate-Palmolive . . . . . . . . . . . . . . . . . . . . . . . . . . 29

Conagra Brands ............................9

Constellation Brands ........................9

Costco Wholesale ...........................9

CrowdStrike Holdings . . . . . . . . . . . . . . . . . . . . . 22

CVS Health . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S3

D Datadog . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22

Deere . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S3

Deutsche Post . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26

D.R. Horton ................................7

Duke Energy ...............................9

E Eisai........................................8

Eli Lilly .................................... 8

Energy Select Sector SPDR . . . . . . . . . . . . . . . 30

Estée Lauder . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15

F FedEx . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26

First Trust Intermed Duration Pref & Inc . 30

Franklin Resources .........................6

Freshpet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29

G Gamco Investors . . . . . . . . . . . . . . . . . . . . . . . . . . . 29

General Dynamics . . . . . . . . . . . . . . . . . . . . . . . . . 24

General Mills . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29

Goldman Sachs Group . . . . . . . . . . . . . . . . . . . . . 12

Golub Capital BDC . . . . . . . . . . . . . . . . . . . . . . . . S9

Guggenheim Active Allocation...............6

Guggenheim Strategic Opportunities ........6

H Hasbro .....................................9

Hon Hai Precision Industry. . . . . . . . . . . . . . . . 26

HubSpot. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22

I Illumina ....................................9

Infineon Technologies . . . . . . . . . . . . . . . . . . . . . . 22

Intel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26

Intuit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22

iShares MSCI Brazil. . . . . . . . . . . . . . . . . . . . . . . 30

J J.M. Smucker . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29

Johnson & Johnson . . . . . . . . . . . . . . . . . . . . . . . . 12

JPMorgan Chase . . . . . . . . . . . . . . . . . . . . . . . . . . S3

K Kimberly-Clark . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

L L3Harris Technologies . . . . . . . . . . . . . . . . . . . . . 24

Lamar Advertising . . . . . . . . . . . . . . . . . . . . . . . . S5

Lamb Weston Holdings .....................9

Lam Research ..............................9

Las Vegas Sands. . . . . . . . . . . . . . . . . . . . . . . . . . .30

Leidos Holdings . . . . . . . . . . . . . . . . . . . . . . . . . . . 30

Live Nation Entertainment . . . . . . . . . . . . . . . . 16

Lockheed Martin . . . . . . . . . . . . . . . . . . . . . . . . . . 24

Lordstown Motors . . . . . . . . . . . . . . . . . . . . . . . . . 16

L'Oreal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15

M Masimo . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29

McCormick .................................9

Meritage Homes............................7

Microsoft ............................12,22,S5

MidCap Financial Investment . . . . . . . . . . . . . S9

MM Forgings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26

Mondelez International .....................9

Munich Re . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

N National Storage Affiliates Trust. . . . . . . . . . . 12

Nestlé . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29

Netflix . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30

Nike ....................................... 30

NIO . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30

Northrop Grumman . . . . . . . . . . . . . . . . . . . . . . . . 24

Nuveen Municipal Credit Income ...........6

Nuveen Municipal Credit Opportunities .....6

NXP Semiconductors . . . . . . . . . . . . . . . . . . . . . . 22

O Olaplex Holdings . . . . . . . . . . . . . . . . . . . . . . . . . . 15

ON Semiconductor . . . . . . . . . . . . . . . . . . . . . . . . . 22

P Palo Alto Networks . . . . . . . . . . . . . . . . . . . . . . . . 22

Paramount Global . . . . . . . . . . . . . . . . . . . . . . . . . . 29

Peloton Interactive ...................... 22,30

Petrobras . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25

Philip Morris International..................9

Porsche .....................................8

Prothena . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30

Q Qualcomm . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26

R Rent-A-Center . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30

RingCentral . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22

Roche Holding ..............................8

S Samsara . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22

Samsung Electronics . . . . . . . . . . . . . . . . . . . . . . .26

Sansera Engineering . . . . . . . . . . . . . . . . . . . . . . 26

Sempra Energy . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

Shell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

Shopify . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22

Skyline Champion...........................7

Smartsheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22

Snap. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22

Snowflake . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22

STMicroelectronics . . . . . . . . . . . . . . . . . . . . . . . . 22

T TCW Strategic Income . . . . . . . . . . . . . . . . . . . . 30

Thornburg Income Builder Opport Trust....6

Thornburg Investment Income Builder ......6

T-Mobile US. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27

U UnitedHealth Group . . . . . . . . . . . . . . . . . . . . . . . S3

V Virgin Galactic Holdings . . . . . . . . . . . . . . . . . . . 16

Voyager Digital .............................8

W Wingstop . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S3

Wolfspeed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22

Z Zoom Video Communications . . . . . . . . . . . . . . .22

Zscaler . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22

EDITOR IN CHIEF David Cho

EXECUTIVE EDITOR Bob Rose SENIOR MANAGING EDITOR Lauren R. Rublin

DEPUTY EDITORS Alex Eule, Ben Levisohn

EDITORIAL DIRECTOR, MAGAZINE Phil Roosevelt

MANAGING EDITORS Kristen Bellstrom, Matt Bemer, Daren Fonda, JoeWoelfel

ASSISTANT MANAGING EDITORS Henry Cutter, Mel Gray, Anita Hamilton, Mary Romano,

Robert Sabat, Rupert Steiner (London bureau chief )

ASSOCIATE EDITORS Andrew Bary, RandallW. Forsyth, Jack Hough, Reshma Kapadia, Eric J. Savitz

SENIOR WRITERS Bill Alpert, Lisa Beilfuss, Lauren Foster, Nicholas Jasinski, Tae Kim, Joe Light,

Elizabeth O’Brien, Al Root, Avi Salzman, Lawrence C. Strauss

REPORTERS Jacob Adelman, Luisa Beltran,Megan Cassella, Janet H. Cho, Adam Clark, Jack Denton,

Carleton English, Sabrina Escobar, Callum Keown,Marc Lajoie, Evie Liu, Shaina Mishkin, Josh Nathan-Kazis,

Angela Palumbo, Teresa Rivas, Connor Smith, Jacob Sonenshine, Karishma Vanjani

STORY EDITORS Ed Lin, Erin McCarthy, Stacy Ozol

COPY DESK Michael J. Burlingham, Richard Rescigno, Robert Teitelman

IDEAS EDITOR Matt Peterson

DEPUTY DIGITAL MANAGING EDITOR Zoe Szathmary

SENIOR AUDIO MANAGER Mette Lützhøft DIGITAL PRODUCERS Robert Cushing, Nick Devor, Clare McKeen

DIRECTOR, DESIGN & VISUALS Kristin Lenz DESIGN DIRECTOR Chelsea Schiff

ART DIRECTORS Robert Connolly, Nick Hallam, Sue Ng

DIRECTOR OF PHOTOGRAPHY Sarina Finkelstein PHOTO EDITORS Halie Chavez, Nicole Silver

RESEARCH DIRECTOR Pauline Yuelys RESEARCHER Dan Lam

STATISTICS MANAGER Michael T. Kokoszka STATISTICIAN Darren Chima

ADVERTISING SERVICES MANAGERS James H. Balmer,Ward S. McGuiness

NEWS [email protected] STATISTICS [email protected] CUSTOMER SERVICE 800-544-0422

GLOBAL HEAD, WEALTH & ASSET MANAGEMENT Jack Otter

Barron’s is a trademark of Dow Jones and its affiliates. Barron’s (USPS 044-700) (ISSN 1077-8039) Published every Monday. Editorial and Publication

Headquarters: 1211 Avenue of the Americas, New York, N.Y. 10036. Periodicals postage paid at Chicopee, MA and other mailing offices. Regular U.S.

subscription rate: one year, $223. Entire editorial content of this publication copyrighted by Dow Jones & Co., Inc. and must not be reproduced in whole

or in part without special permission. Unsolicited manuscripts should be accompanied by self-addressed envelope with proper postage. All advertising

published in Barron’s is subject to the applicable rate card, copies of which are available from the Advertising Director, 1211 Avenue of the Americas, New

York, N.Y. 10036. Barron’s reserves the right not to accept an advertiser’s order. Only publication of an advertisement shall constitute acceptance of the advertiser's

order. Postmaster: Send address changes to Barron’s, 200 Burnett Rd., Chicopee, MA 01020.

Rupert Murdoch Executive Chairman, News Corp

Robert Thomson CEO, News Corp Almar Latour CEO, Dow Jones

SENIOR VICE PRESIDENT, BARRON’S GROUP Mae M. Cheng

ASSOCIATE PUBLISHER, BARRON’S GROUP Dan Shar

MANAGING EDITOR, BARRON’S GROUP Dave Pettit

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:05

October 3, 2022 BARRON’S 5

UP & DOWN WALL STREET Italy is the likeliest crisis candidate. Its finances

are uglier than the U.K.’s, and its new leader has

promised relief fromsoaring energy costs.

The U.K.’s Sudden

BondBuying Is Setting

OffGlobal AlarmBells

ments in order to meet return requirements. As market volatility rose, however, margin calls erupted, and were

met by sales of gilts.

Away from Blighty, the question is:

Can it happen here? Bond market crises have been seen before, not just in

the peripheral European markets, but

even in the biggest, deepest market of

all: U.S. Treasuries.

Even if European governments don’t

wind up in fiscal straits, as happened

to Greece in the past decade, euro-zone

markets may succumb to turmoil, according to Franziska Palmas, senior

Europe economist at Capital Economics. And despite its reluctance to do so,

the ECB might have to follow the BOE

in restarting its bond buying.

It’s no surprise that Italy is the

most likely crisis candidate. Its public

finances are uglier than the U.K.’s,

and its new prime minister, Giorgia

Meloni, has promised relief for Italians squeezed by soaring energy costs.

ECB President Christine Lagarde

has said the bank’s new TPI facility,

which allows it to directly buy a particular euro-zone government’s bonds,

isn’t supposed to bail out “policy mistakes.” While the acronym stands for

the Transmission Protection Instrument, wags have dubbed it the facility

“to protect Italy.”

Since January, the yield spread of

Italian 10-year bonds over German

Bundshas nearly doubled, to 2.403

percentage points, from its recent low

in January of 1.263 points, according

to Tradeweb. Palmas thinks that a

further sharp widening ultimately

would force the ECB to resume bond

buying. The BOE’s precedent might

have lowered the bar for ECB interventions, notwithstanding Lagarde’s

protestations and some ECB members’ push to reduce bond holdings.

On this side of the pond, the Fed

also could follow the BOE’s lead in the

event of an extreme Treasury market

breakdown, writes Bank of America’s

rates team in a research note. That’s

even while the U.S. central bank is in

the midst of QT, shrinking its Treasury

and agency mortgage-backed securities

holdings by $95 billion a month.

QT would most likely end with the

onset of recession, but the rising risk of

a Treasury market malfunction would

probably elicit a Fed response, as in

March 2020 during the pandemic

meltdown across multiple markets,

they add. The common complaint

among bond pros is the poor liquidity

in what’s supposed to be the world’s

deepest market. Trading anything but

the most recent issue of a particular

maturity has become difficult.

To counter that, the BofA analysts

think, the Fed could revive “Operation

Twist,” buying longer-dated bonds,

offset by sales of shorter maturities,

while continuing QT. This would alleviate the acute mismatch of supply and

demand in the Treasury market, where

investors want more short maturities

and are avoiding longer ones as yields

rise. While such a twist isn’t their base

case, it’s a growing risk, they add.

Apart from such contortions, the

Fed appears headed toward truly tight

monetary policy, according to the October issue of the Bank Credit Analyst. Based on the central bank’s recently released Summary of Economic

Projections, the federal-funds rate is

expected to reach 4.4% by year end

and 4.6% by the end of 2023, from the

current 3% to 3.25% target range. That

would be the most restrictive policy in

the past three decades, BCA says.

This risks another error, contends

J.P. Morgan’s global markets strategist,

Marko Kolanovic. Just as central banks

continued easing into what he calls

“the crypto/NFT/innovation bubble”

in 2021, now they are proceeding with

“unprecedented tightening” as the economy slows and war in Ukraine rages.

At the same time, the apparent sabotage of the Nord Stream pipelines significantly increases “tail risks,” even if

they’re hard to assess. Indeed, to many,

the current situation recalls the Cuban

missile crisis, Kolanovic adds. That’s

enough to temper even this staunch

bull’s near-term optimism.

Prices down, yields up. The

first part of that ineluctable

equation is readily apparent

to fixed-income investors,

who are living through a historic

By Randall W.

Forsyth

Central banking has

come a long way

since Walter Bagehot laid out its principles in the Victorian era. In a crisis,

he counseled, central bankers should lend freely, albeit at

a penalty interest rate and against

sound collateral. Long before the passing of the second Elizabethan era, those

guidelines had withered, replaced in

favor of the modern expediency of purchasing billions and even trillions

worth of government securities to flood

the financial system with liquidity.

The Bank of England this past week

entered the market for British government bonds, or gilts, to purchase 65

billion pounds of the securities to

stanch a meltdown in the market. That

marked a stunning reversal from its

policy of reducing its bond holdings,

a process dubbed quantitative tightening, which is being followed by most

of its counterparts, notably the Federal

Reserve and European Central Bank.

As detailed on page 13, the new

government’s huge debt-funded tax

cuts sent the pound plunging to a record low, just a few pennies above parity with the dollar, and pushed prices

of supposedly risk-free gilts into a freefall. But by week’s end, the BOE’s actions had steadied sterling and gilts.

The crisis might have been rooted

in some peculiarly British features. As

one bond pro notes, instead of trying

to fund long-term liabilities with longdated gilts, the plans appear to have

been to construct synthetic positions

with cheaper derivatives, deploying

Richard Baker/In Pictures/Getty Images

the cash saved into riskier investStrollers near the

Bank of England

building in London’s

financial district. It

was a volatile week

for investors,

spurred in part by

the bank’s abrupt

resumption of bond

buying to calm the

financial markets.

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:06

6 BARRON’S October 3, 2022

bear market, comparable only to those

following the two world wars and the

Great Depression, as noted here a week

ago.

To put a number on their pain,

the Vanguard Total Bond Market exchange-traded fund (ticker: BND) had

suffered a 14.3% negative return since the

end of 2021 through Wednesday, according to Morningstar. The good news is that

the ETF, which tracks the U.S. taxable investment-grade debt market, now yields

nearly 4%.

The carnage in credit markets has provided substantially increased income opportunities in various sectors, readily available to individual investors in securities and

funds listed in the feature on page 10.

Even-steeper losses have come in that

less-traveled sector of the investment

world, closed-end funds. To review, CEFs

issue a set number of shares, which then

trade like stocks, above or below their

portfolios’ net asset values. When markets

decline, as they have this year, their prices

tend to drop more than their NAVs, often

resulting in wide discounts.

Closed-end funds have been hit by a

double whammy. Most use borrowed

money to leverage their portfolios; that

magnifies returns when interest rates are

stable or declining but does the opposite

when rates rise. Higher borrowing costs

squeeze CEFs’ dividends, which typically

are their main attraction, leading to still

more price haircuts.

Markdowns may produce bargains,

and double-digit discounts and yields

have become common in the CEF marketplace. But that doesn’t mean they can’t get

still cheaper. We turned to a couple of

closed-end fund mavens for some lowerrisk examples.

Both found attractive picks among municipal-bond funds, which offer higher

tax-free yields for long-term, top-grade

credits than funds dealing in taxable Treasuries. But they emphasize stability over

the highest absolute yields.

Sangeeta Marfatia, senior CEF strategist

at UBS Global Wealth Management, selects two funds from longtime muni manager Nuveen: Nuveen Municipal Credit

Income (NZF) and Nuveen Municipal

Credit Opportunities (NMCO). Both

yield over 6%. The former has already

seen its monthly distribution reduced,

which she says has been reflected in its

price. The latter has more high-yield bonds

in its portfolio, she adds.

A lower yield is a worthy trade-off for

less leverage, in the view of David Tepper,

who heads San Francisco–based Tepper

Capital Management, an independent advisor specializing in closed-ends. That points

him to Western Asset Intermediate

Muni (SBI) and Western Asset Municipal High Income (MHF) from the venerable fixed-income management unit of

Franklin Resources.

Preferred stocks have been battered

along with bonds this year but now also

offer opportunities for value investors.

Marfatia and Tepper both like Cohen &

Steers Limited Duration Preferred &

Income (LDP), while Tepper also favors

First Trust Intermediate Duration Preferred & Income (FPF). The former fund

yields in the high 8% range; the latter,

about 8%, which still is more than the

mid-7% from popular junk-bond ETFs.

At the other end of the quality spectrum

is another Tepper pick, TCW Strategic

Income (TSI), an unleveraged government

and mortgage-backed fund, which yields

over 5% and trades at a 7.5% discount. He

notes that one of its co-managers, bondmarket veteran Laird Landmann, has been

an active buyer of the CEF.

In addition, Tepper points out a couple

of closed-end funds that sell at lower valuations than their respective corporate

cousins.

Just over a month ago, Barron’s spotlighted the $9.5 billion Thornburg Investment Income Builder (TIBIX), an openend mutual fund that emphasizes European

equities offering significantly higher dividend yields and less-demanding valuations

than their U.S. counterparts. The closedend Thornburg Income Builder Opportunities Trust (TBLD) has the same management team but trades at a 15.8%

discount, as its share price has lagged behind its NAV’s performance since the fund’s

initial public offering in July 2021.

Finally, Tepper contrasts Guggenheim

Active Allocation (GUG) with Guggenheim Strategic Opportunities (GOF).

Both include the estimable market veteran

Scott Minerd on the management team.

But the former fund, which had its IPO

less than a year ago, trades at a 15.7% discount, while the more established Strategic

Opportunities fetches a steep premium of

more than 20%.

All of which demonstrates the

persistent inefficiency of this sector of the

investment market, which tends to be

worse when stocks and bonds are under

pressure. That also can make for bargains

at times like today. B

email: [email protected]

Up & Down Wall Street (continued)

Concerned

About Rising

Rates?

IRHG

Interest Rate

Hedge ETF

Investing involves risk, including the possible loss of principal. The Fund engages

in options trading. An option is a contract sold by one party to another that gives

the buyer the right, but not the obligation, to buy (call) or sell (put) a stock at an

agreed upon price within a certain period or on a specific date. In an interest

rate swap option, the Fund has the right, but not the obligation, to enter a swap

contract at a future date, where the Fund pays a fixed interest rate and receives

a floating interest rate. The Fund is expected to benefit from the options it holds

if long-term U.S. interest rates rise during the time period in which the Fund holds

the options. However, if long-term rates decrease, the Fund will lose money on

the options, up to the amount invested in option premiums, and underperform

an otherwise identical bond fund that had not used such options. Options may

subject the Fund to greater volatility than investments in traditional securities

and may magnify the Fund’s gains or losses.

Carefully consider the Fund’s investment objectives, risk

factors, charges and expenses before investing. This and

additional information can be found in the Fund’s full or

summary prospectus, which are available at globalxetfs.com. Read the prospectus carefully before investing.

Shares of ETFs are bought and sold at market price (not NAV) and

are not individually redeemed from the Fund. Brokerage commissions

will reduce returns. Distributed by SEI Investments Distribution Co.

Beyond Ordinary Income®

1 (888) 493-8631

GLOBALXETFS.COM

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:07

October 3, 2022 BARRON’S 7

STREETWISE A first-time home buyer who balked at a $500,000

listing last year now finds that an identical house

means a $4,000, not a $2,000, monthly outlay.

Real Estate Goes From

Hot to Not.WhyWe’re

Not Due for Kablooey.

U.S. house prices just

fell for the first time

in a decade, you may

have heard. One

report called it a

record cooldown.

Yikes—I considered

panic-selling my house to myself, but

when I learned how much I was asking, I had to walk away.

There are reasons to believe we’re

not headed for anything like the epic

housing bust of 15 years ago. Home

buyers might not face easy choices, but

there are opportunities for stock investors. More on those in a moment.

House prices fell fractionally from

June to July, we learned this past

week. That’s based on a benchmark

whose name has experienced some

outward sprawl over the years: S&P

CoreLogic Case-Shiller U.S. National

Home Price Index. The reason for the

big delay in data is that house transactions take so long to close.

Year-over-year numbers tell a different story: Prices rose 15.8% in July. In

June, they were up 18.1%. One reading

is that the difference between them, 2.3

points, represents the biggest onemonth cooldown in the index’s history.

It’s a nuanced view, because there’s

some arithmetical hopscotch happening between scaled and unscaled numbers, and because I might own gym

shorts older than the index, but OK.

Another reading is that prices just

shot up 39% over two years, so it’s

early to call a decline of less than 1%

from the peak The Big One. But I get

why a plunge now would make sense.

That runup was the sharpest in the

history of most of my wardrobe. And

the average 30-year mortgage rate has

jumped from 3.1% to 6.7% this year,

according to Freddie Mac.

Pity the first-time home buyer who

balked at a $500,000 listing at the

beginning of last year, and now finds

that a low down payment loan on an

identical house brings monthly principal and interest payments of over

$4,000, versus under $2,000. And

pity all of us if prices plunge. The two

researchers for whom that Case-Shiller

index is named once co-authored a

study that found that house price

changes are a much more powerful

predictor than stock market swings of

consumer spending.

I asked around about how big of a

kablooey we’re headed for. “I think

some of this doom and gloom about

20% median declines, it seems a little

too far afield for me, especially on a

national basis,” says Wedbush Securities home-builder analyst Jay McCanless. Supply is likely to stay much

tighter than during the prior housing

downturn, because back then Gen

Xers were buyers, and now the much

larger millennial cohort is shopping.

To McCanless, recent price declines

look like a return to normal pricing

patterns. “Two years ago, three years

ago, when we had normal seasonality,

you would see prices typically move

down sequentially from, call it, July to

about November, just because the

higher-price, bigger homes, typically,

would sell in the summer,” he says.

Skylar Olsen, chief economist at the

house data website Zillow, predicts that

prices will decline slightly in the

months ahead but sit just over 1%

higher a year from now. She’s more

cautious on hot markets. “Think places

like Austin, Phoenix, Seattle,” says

Olsen. “Those are places where the

price correction will be a little bit more

significant. People need that in order to

return more in those markets.”

Morgan Stanley’s strategy team

took down its house price forecast

from plus 3% next year to negative 3%

after seeing the July decline. “We were

going to need these monthly declines

in home prices,” they wrote in a note.

“We just expected them to start in

September, maybe August.”

Economist Laurie Goodman, who

studies housing policy for the Urban

Institute, a think tank, has found

something surprising about the oftcited inverse relationship between

mortgage rates and prices—it’s not

inverse. “It’s very, very weak, but it’s

positive,” she says. “You have to sort

of scratch your head.” Rates tend to

rise when the economy is strong, and

a strong economy begets housing demand, she says. She expects prices to

flatten in the years ahead while inflation and wages catch up.

Prices will get support from a supply shortage that estimates put from a

million houses to more than five million, she says. “We have no viable way

to mitigate that easily.” One thing that

would help is a more efficient market

for renovation loans. The denial rate is

38%, triple the rate for ordinary mortgages. The median U.S. house was built

in 1978, which makes obsolescence a

rising issue. If we assume 0.4% of

houses become obsolete per year, that’s

a 560,000-house hit to supply—versus

1.34 million completed houses last year.

The most important factor is local

restrictions that keep out lower-cost

homes. “Most people are too politically

correct to say it exactly that way,” says

Goodman. “What they will say is, ‘Well,

I would obviously welcome this development. The problem is that we just

don’t have the infrastructure to support

it.’ That’s what you hear over and over.”

Wedbush’s McCanless has favorable ratings on home builders D.R.

Horton (ticker: DHI), Meritage

Homes (MTH), and Century Communities (CCS), which he says are

better positioned than others now to

deliver houses without big delays. He

also expects market-share gains for

what are called manufactured houses,

which are assembled in whole or part

at factories and then delivered. Those

are much cheaper to own than traditional houses, and monthly payments

can compare favorably with renting.

Some manufactured designs were

shoddy in the 1960s and early 1970s,

but they’ve improved, including over

the past decade. “If you can make the

curb appeal of those homes good

enough to where it looks like a site-built

home, which is where the industry’s

moving pretty quickly, then I think that

stigma may start to lessen,” he says.

Deliveries of manufactured homes

are up 14% so far this year, and typical

buyers include blue-collar workers

and retirees, who supply their own

land, often in exurban and rural markets, and operators of rental parks,

which are keen to upgrade their fleets.

McCanless likes shares of two manufactured-house specialists: Cavco

Industries (CVCO), at eight times

forward earnings estimates, and Skyline Champion (SKY), at 10 times. B

email: [email protected]

Barron’s Streetwise

In a weekly podcast by Barron’s, columnist Jack Hough looks

at the companies, people, and trends you should be watching.

This is Wall Street like you’ve never heard before. Subscribe

to Barron’s Streetwise on Spotify, Apple Podcasts,

or your favorite listening app.

BARRONS.COM/PODCASTS

By Jack Hough

w007_p2bw276000_0_w00700_1________xa2022_01.pdf 1 01-Oct-22 03:32:42

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:08

8 BARRON’S October 3, 2022

REVIEW

HOPE AGAINST ALZHEIMER’S

Recession, the Reality Show

Stocks fell on fears of a global

recession, which Ned Davis Research

pegged at a 98% probability. The Dow

industrials slid 1.1% on Monday, into

bear-market territory, then further on

Tuesday. Case-Shiller said that house

prices fell 0.44% in August, the most

since 2012, but sales of new homes

surged. Ten-year yields hit 4%, and

jobless claims saw five-month lows. A

midweek rally crumbled. On the

week, the Dow industrials lost 2.9%,

to 28,725.51; the S&P 500 fell 2.91%, to

3585.62; and the Nasdaq Composite

was down 2.69%, to 10,575.62.

Pounding the Pound

The U.K.’s pound sterling took a

beating after the new Tory

government announced a debtfinanced tax cut. The currency

momentarily hit record lows, nearing

parity with the dollar and euro, before

the Bank of England said it would buy

as many long-term bonds as it took to

stabilize crashing gilts. The BoE move

stabilized the situation, for now.

Unhappy in Russia

Russia annexed four regions in

eastern Ukraine, even as Ukrainian

forces moved to encircle Russian

troops at Lyman in Donetsk. Protests

flared across Russia in response to the

mobilization, and some draftable men

fled by plane and cars. Europe

considered new sanctions. The

Kremlin continued to threaten the use

of nuclear arms, despite U.S. warnings

of “catastrophic consequences” if it did

employ them. Europe said methane

leaks in the Nord Stream 1 and 2

pipelines in the Baltic were caused by

sabotage. Vladimir Putin granted

citizenship to NSA whistleblower

Edward Snowden, who fled to

Moscow to avoid U.S. charges.

Asteroid Bull’s-Eye

A robotic NASA spacecraft, DART, hit

an asteroid at 14,000 miles per hour in

a defense-of-earth experiment. The

asteroid, Dimorphos, circles a larger

asteroid millions of miles from earth.

Result: livestreamed imagery of the

impact and, of course, speculation on

Twitter that it was fake. It will take

Biogen’sWin:

The Day After

Until this past week, there seemed to be no answers to the

Alzheimer’s puzzle. The leading theory of the disease,

that it was caused by a buildup of beta amyloid plaque in

the brain, had been disproved by the failure of earlier

drugs. But, in a surprise on Tuesday evening, Biogen and

partner Eisai released positive results from a new therapy

they were testing, lecanemab.

This bombshell sent shares of Biogen up 35% and

Eisai 32% on the week. Eisai said the drug slowed cognitive decline in early-stage Alzheimer’s patients by 27%

after 18 months, a better result than that achieved by Biogen’s approved, if controversial, Alzheimer’s drug,

Aduhelm. “This appears to be basically a near-best-case

scenario and should lead to full FDA approval,” Jefferies’

Michael Yee wrote; other analysts remained cautious.

For Biogen, a failure would have revived talk of breaking up the biotech, while positive results may lead to a

megablockbuster drug—and make it easier to hire a new

CEO to replace exiting Michel Vounatsos. Mizuho analyst

Salim Syed wrote that he is modeling $8 billion in peak

annual worldwide lecanemab sales. Lecanemab profits

will be split 50/50 between Biogen and Eisai.

The data also stir hope that drugs from Eli Lilly and

Roche Holding in trials will also show efficacy. UBS’

Michael Leuchten wrote that Roche’s Alzheimer’s drug,

gantenerumab, could see sales of $500 million to $10.5

billion, depending on results expected in the fourth

quarter. Data on Lilly’s donanemab come in 2023’s first

half. Roche shares were up 4.57% for the week; Lilly’s

gained 3.28%. — Josh Nathan-Kazis

0.1%

Decline in rents in August, the

first since December 2020.

$140 B

Amount of ongoing IMF bailouts

of countries undergoing distress or insolvency, a record.

$411

Price per thousand feet of lumber, down 70% from March

when the Federal Reserve first

raised interest rates, and the

lowest in two years.

$1.5 T

The estimated total cost of the

U.S. opioid epidemic in 2020, up

almost 50% from 2019. The

reason: Covid.

To get Numbers by Barron’s

daily, sign up wherever

you listen to podcasts or at

Barrons.com/podcasts

THE NUMBERS

HE SAID

“The first step in

regaining credibility is

not saying incredible

things.”

Former Treasury Secretary Larry

Summers on the U.K. government’s

defense of its tax-cut plan

weeks to determine how much effect

DART had on the asteroid’s path.

In the Wake of Ian

Back on Earth, Tampa and the

southwest coast of Florida took a fierce

hit from slow-moving Hurricane Ian,

leaving more than 2.4 million people

without power. Ian roared ashore near

Fort Myers as a Category 4 hurricane,

producing a massive storm surge, rain,

and wind, plowed through central

Florida, and then headed for South

Carolina.

Annals of Deal Making

Crypto Exchange FTX won the rights to

assets of bankrupt Voyager Digital for

$1.42 billion…Investors snapped up

shares in Porsche, as the German auto

maker went public at the top end of its

expected range at 82.5 euros ($80.27) a

share, for a market value of €75 billion.

The shares rose but ended flat, in firstday trading...Eleven Wall Street firms

agreed to pay $1.8 billion in fines over

SEC charges of “pervasive off-channel

communication”...Global M&A shrank

for the third straight quarter.

Illustrations by Elias Stein; Nicholas Kamm/AFP/Getty Images

28,725.51

Dow Industrials: - 864.90

420.44

Dow Global Index: - 11.19

3.80%

10-year Treasury Note: + 0.11

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:09

October 3, 2022 BARRON’S 9

PREVIEW

STOCKS WITH OVERSEAS EXPOSURE

Sign up for the Review &

Preview daily newsletter at

Barrons.com/reviewpreview

Monday 10/3

Illumina holds its 2022 investor day.

The Institute for Supply Management releases its Manufacturing Purchasing Managers’ Index for September. Consensus estimate is for a 52.3

reading, roughly even with the August

data. The prices-paid component of the

index has fallen for five consecutive

months through August, for a total of

nearly 25 points. That indicates that

manufacturers are paying less for raw

materials and gives hope that some of

the cost savings will be passed on to the

consumers in the near future, partially

relieving inflationary pressures.

The Census Bureau reports construction statistics for August. Total

construction spending is expected to

decline 0.15% month over month to a

seasonally adjusted annual rate of

$1.76 trillion.

Tuesday 10/4

American Electric Power holds an

analyst day in New York.

Duke Energy hosts a virtual presentation to discuss the company’s cleanenergy transition. Members of the

executive team, including CEO Lynn

Good, will also provide an update on

the company’s long-term strategy and

other business initiatives.

Hasbro hosts its 2022 investor day.

The Bureau of Labor Statistics

releases the Job Openings and Labor

Turnover Survey. Economists forecast

11.2 million job openings on the last

business day of August, similar to the

July total. Job openings continue to

outpace the number of unemployed

by nearly a 2-1 margin, which Federal

Reserve Chairman Jerome Powell has

stressed must come into better balance.

Wednesday 10/5

Lamb Weston Holdings releases

first-quarter fiscal-2023 results.

Costco Wholesale reports sales data

for September.

ISM releases its Services PMI for

September. The forecast is for a 56

reading, about one point fewer than

in August.

Thursday 10/6

Conagra Brands, Constellation

Brands, and McCormick hold conference calls to discuss earnings.

The Department of Labor reports

initial jobless claims for the week ending on Oct. 1. In September, claims averaged 207,000 a week, higher than the

multidecade lows reached in March but

well below the previous three months.

With the holiday season approaching,

employers might be trying to hold on

to their workers, after struggling to fill

positions over the past 18 months.

Friday 10/7

The BLS releases the jobs report

for September. The consensus estimate is for an increase of 250,000

in nonfarm payrolls, after a gain of

315,000 in August. The unemployment rate is expected to remain

unchanged at 3.7%.

Victims of the

Mighty Dollar

The dollar has soared as the Federal Reserve has raised

rates. U.S. Treasury yields now provide the best return over

expected inflation in more than a decade, incentivizing investors to buy dollars to invest in the bonds. Global uncertainties add to the appeal of U.S. assets. As a result, the U.S

Dollar Index, which tracks the greenback against a basket

of currencies, is up over 18% for 2022—hitting some 23

multidecade highs this year, says Dow Jones Market Data.

One downside: A robust buck erodes overseas revenue

for U.S. companies. Analysts’ consensus forecast for 2023

S&P 500 earnings per share from FactSet has fallen 4% in

three months. Blame weak economic growth and the dollar.

Some stocks are deeply exposed. Nearly all of Philip

Morris’ sales come from abroad, versus the S&P 500’s 40%,

notes FactSet. Analysts’ consensus for PM’s 2023 EPS has

slid by 23% since late February, while the stock is down 22%

since its peak that month. CEO Jacek Olczak tells Barron’s

that PM can manage costs to protect earnings from a rising

dollar, but that a stronger one remains a risk to profits.

Mondelez International is in a similar situation, with

three-fourths of its sales coming from abroad. Its 2023 EPS

consensus has fallen by 9% since the end of February, and

the stock is down 15% from its 2022 peak. Booking Holdings gets 86% of sales outside the U.S. Estimates for its 2023

EPS have been stable this year, but the stock is off 30%.

Lam Research gets more than 90% of its sales from abroad.

Analysts have cut its EPS estimates for next year by 16%

since the end of February; the stock has dropped 48% this

year. Mondelez, Booking, and Lam didn’t immediately respond to requests for comment. — Jacob Sonenshine

The Mighty Greenback

The Dollar Index has steadily

strengthened since the Federal Reserve

began raising rates.

Dollar Index, 2023, Year to Date

Source: Trading Economics

90

95

100

105

110

115

Jan. 2 Mar. 1 May 1 July 1 Sept.

28

The Dollar Effect

A surging greenback has hurt the

shares of companies with large

overseas revenues.

Philip Morris International

Mondelez International

Booking Holdings

Lam Research

Source: FactSet

2022 Sept.

-75

-50

-25

0

25%

Coming EarningsConsensus Estimate Year ago

T

Acuity Brands (Q4) $3.61 $3.27

Saratoga Investment (Q2) 0.51 0.63

W

Lamb Weston (Q1) 0.79 0.49

More Earnings on Page 47.

Consensus Estimate

Day Consensus Est Last Period

M August Construction Spending -0.15% -0.40%

T August Factory Orders 0.2% -1.0%

August JOLTS Job Openings 11,175,000 11,239,000

W August Trade Balance -$67.7 bil -$70.7 bil

F September Nonfarm Payrolls 250,000 315,000

September Unemployment Rate 3.7% 3.7%

August Consumer Credit $25.0 bil $23.8 bil

Unless otherwise indicated, times are Eastern. a-Advanced;

f-Final; p-Preliminary; r-Revised Source: FactSet

For more information about coming economic reports

- and what they mean - go to Barron’s free Economic

Calendar at www.barrons.com

ADP releases its National Employment Survey

for September. The economy is forecast to add

200,000 private-sector jobs, after a rise of

132,000 in August. Job growth has slowed from the rapid pace of the past year.

Wednesday

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:10

10 BARRON’S October 3, 2022

spectrum and you can get 7% in

quality preferred stocks with fixedinterest payments.

Granted, it has been an annus

horribilis across income markets. As

Deutsche Bank notes, this is the first

global bond bear market in 70 years.

Bond prices and yields move in

opposite directions, and prices have

been in free-fall, pushing up yields

and depressing total returns.

Including interest, the bond market

is down 15% in the U.S. this year, on

average. Some bizarre anomalies have

emerged; long-term Treasuries are off

29%, performing even worse than the

24% decline in emerging market debt.

The good news is that the Federal

Reserve’s interest-rate hiking cycle

should wind down in the next six

months, stabilizing bond prices and

yields. Fed officials are projecting that

the federal-funds rate will top out at

4.6% in 2023, up from a target of 4.4%

at the end of 2022. From there, the

fed-funds rate is expected to plateau

and then decline modestly in 2024.

The fed-funds rate is now about

3.25%, implying a few more hikes in

the next six months.

“Cash rates north of 4% are a

really attractive starting point for

fixed income,” says Erin Browne, a

managing director at Pimco who

focuses on multi-asset strategies. “It’s

making it attractive to look at highquality fixed income.”

A smoother ride for bonds is far

from assured. Fed officials have

repeatedly raised their rate forecasts

in the face of stubbornly high

inflation. And the global macro

climate isn’t looking stable; the Bank

of England, for one, was forced to

intervene this past week to keep

British bonds and the pound from

crashing even further.

“A lot it depends on your time

horizon and whether you have the

ability to withstand the volatility in

the nearer term,” says Iain Stealey,

international chief investment officer

for fixed income at J.P. Morgan Asset

Management.

Higher yields embedded in bonds

and equities reflect steeper risk

premiums—investors are simply

demanding more compensation amid a

more uncertain global economic

outlook. Inflation is also running at the

fastest pace in 40 years. And major

central banks, including the Fed and

Bank of England, are raising rates at

the fastest pace since the early 1980s.

Central banks rarely act in such

coordinated fashion, but they are all

now grappling with the same

challenges: global supply-chain

problems, a surge in energy costs,

war in Ukraine, and tight labor

markets, all pushing up prices for

goods and services worldwide. As

Fed Chairman Jerome Powell has

framed it, swallowing some bitter

medicine now will be better than the

consequences of runaway inflation

causing even greater economic

damage in the future.

Investors should consider a variety

of income-producing assets, including

high-quality equities, given the wide

range of outcomes. Here’s a look at

four fixed-income sectors and two

equity categories worth considering.

Treasury Bonds

While Treasuries have posted heavy

losses, the big moves down are

Welcome Back, Yields.

Whatto Buy Now.

A bear market in bonds not seen in 70 years could be over soon. Here’s

where to find value in fixed income and some dividend-paying stocks.

I

t has taken a historic selloff, but

the bond rout may finally be

winding down. Yields are also

looking plump enough to be

attractive again.

A two-year Treasury now

gets you 4.1%, a yield not seen

since 2007 until very recently. Highquality bonds issued by companies

like AT&T (ticker: T) and Bank of

America (BAC) yield upward of 5%.

Head out a little further on the risk

BY LAWRENCE C. STRAUSS

Illustration by Eva Vazquez

Bond Yields Bounce

The benchmark 10-year Treasury yield

has surged as the Fed raised rates.

Source: Bloomberg

2022 May Sept.

1.0

1.5

2.0

2.5

3.0

3.5

4.0

4.5%

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:11

October 3, 2022 BARRON’S 11

When you want a leader by your side.

A suite of powerful retirement solutions. A commitment to strength and stability.

Learn why New York Life continues to be:

#1 in Guaranteed Income Annuities1

#1 in Variable Annuities with Principal Protection1

#1 in Fixed Deferred Annuities1

Helping investors achieve their retirement potential, today and for a lifetime. Explore more today.

Call the New York Life Annuities Sales Desk at 888-546-2219 or visit www.nylannuities.com/barrons

1

LIMRA as of 12/31/2021, derived from cumulative sales 1/1/20-12/31/21, based on premium. “Principal

protection” is provided by the Investment Preservation Rider–FP Series, an optional rider for an additional fee.

Variable annuities are long-term financial products used for retirement purposes. Variable annuities contain

certain fees and charges and there are risks, restrictions, and limitations to consider. Variable annuities are

subject to market risk including possible loss of principal. Withdrawals or surrenders may be subject to

ordinary income taxes and, if made prior to age 59½, may be subject to a 10% IRS penalty.

This material is general in nature and is being provided for informational purposes only. It was not prepared,

and is not intended, to address the needs, circumstances and/or objectives of any specific individual or

group of individuals. New York Life and its affiliates are not making a recommendation to purchase any

specific products. For advice regarding your personal circumstances, you should consult with your own

independent financial and tax advisors.

New York Life Variable Annuities are issued by New York Life Insurance and Annuity Corporation (“NYLIAC”),

a Delaware Corporation. NYLIFE Distributors LLC, Member FINRA/SIPC, is the wholesale distributor and

underwriter for these products. Both NYLIAC and NYLIFE Distributors LLC are wholly owned subsidiaries

of New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010. Variable annuities offered

through properly licensed registered representatives of a third party registered broker dealer.

Please consider the charges, risks, expenses, and investment objectives carefully before purchasing

a variable annuity. The product and fund prospectuses contain this and other information and can be

obtained from a financial professional. Read the prospectuses carefully before you invest or send money.

Investments and insurance products are:

Not FDIC/NCUA Insured | Not Insured by Any Federal Government Agency | Not a Deposit or Other Obligation

of, or Guarantee by, the Bank or Any of Its Affiliates | May Lose Value

SMRU1932970 1240.0722

w011_p2bw276000_0_w01100_1________xa2022_01.pdf 1 01-Oct-22 03:31:50

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:12

12 BARRON’S October 3, 2022

probably behind us. Yields, especially

at the short end of the curve, should

be high enough to absorb a few more

rate hikes and still leave investors

with a positive total return. The bonds

are available at TreasuryDirect.gov or

through a brokerage for a small slice

of yield or a fee. Owning a two-year

Treasury will get you upward of 4%.

Or consider an exchange-traded fund

like the iShares 1-3 Year Treasury

Bond (SHY), yielding 3.6%.

Some strategists see value in 10-

year Treasuries, which reflect the

longer-term outlook for economic

growth and inflation. “What you

want to own in a growth slowdown

are long bonds,” says Stealey, noting

that the bonds could rally if a recession settles in, prompting the Fed to

cut rates again.

Two ways to get exposure: The

iShares 7-10 Year Treasury Bond

ETF (IEF) and Vanguard Intermediate-Term Treasuries ETF (VGIT).

Both yield about 3.5%. One caveat:

Taking more duration risk, or sensitivity to interest rates, could backfire if

the Fed raises rates to a terminal point

beyond the market’s current forecasts.

Investment-Grade

Corporate Debt

High-quality companies such as

Microsoft (MSFT), Goldman Sachs

Group (GS), and Anheuser-Busch

InBev (BUD) have strong cash flows

and balance sheets, enabling them to

make good on both interest payments

and principal. Corporate bonds were

recently priced around 170 basis

points, or 1.7 percentage points, on

average, above the roughly 4% yield in

short-term Treasuries, an attractive

spread, observes Pimco’s Browne.

“You are locking in nearly 6%,” she

says. “On a risk-adjusted return, that

is probably better than what you

could expect from equities over the

next several years.”

Lower-rated bonds yield more, with

“junk” at about 9%. But Mark Freeman, head of Socorro Asset Management, worries that credit quality could

deteriorate quickly if a downturn

comes next year. “This is not the part of

the cycle where you want to be moving

down in quality,” he says. Freeman’s

holdings include a bond issued by

medical-products company Abbott

Laboratories (ABT) that matures in

2025 with a yield to maturity of 4.65%.

For broader exposure, the Vanguard Short-Term Corporate Bond

ETF (VCSH) yields 4.7%. The iShares

iBoxx $ Investment Grade Corporate Bond ETF (LQD) pays a bit

more, at 5.1%.

Municipal Bonds

There has been a sea of red in municipal bonds, down 11.6% this year, on

average. Investors have fled. Muni

funds had net outflows of $77.6 billion

through August this year, compared

with a net inflow of $85.6 billion over

the same period a year earlier, according to Morningstar. “The selloff has

been historic,” says Brian Pytlewski,

director of municipal fixed income at

Genter Capital Management.

This could be a good time to dip

back in. Some AAA-rated five-year

munis yield 3%, versus 0.60% at the

start of 2022, notes Pytlewski. For an

investor in the top federal tax bracket

of 37%, with a 6% state income tax,

that’s equivalent to a 5.26% after-tax

yield.

State and local governments are

generally benefiting from healthy tax

revenue and pandemic-era stimulus

transfers from the federal

government. Short-term munis,

moreover, now provide both

attractive yields and relatively low

volatility, says John Miller, head of

munis at Nuveen. “They used to yield

almost nothing,” he says. “That’s a

nice new benefit.”

One area he likes is bonds issued

by airport authorities in Los Angeles,

Chicago, and New York. Yields on

those bonds range from about 4% for

LAX to 5% for LaGuardia and O’Hare,

Miller says. For an ETF, consider the

iShares National Muni Bond ETF

(MUB), yielding 3.2%.

Preferred Stocks

Preferreds haven’t escaped the wrath

of bond vigilantes. The iShares Preferred & Income Securities ETF

(PFF) is down about 17% this year,

including dividends.

But income investors shouldn’t

overlook these securities. Typically

issued at a $25 par value, with a fixed

interest rate, many now trade below

par, pushing yields into the 6%-

to-7% range. Issuers are usually

banks and other financial firms, carrying investment-grade ratings, notes

Anders Persson, chief investment

officer for global fixed income at Nuveen. “We are quite comfortable with

the fundamental outlook for banks

and financials,” he says.

He points to securities like a preferred issued by BofA, yielding 6.1%,

and one from German insurer Munich

Re (MURGY), also with a 7.1% yield to

maturity. Issued in 2019, the bond has

a fixed coupon until 2024 and will

then reset. The iShares ETF doesn’t

yield as much, at 5.6%, but it’s broadly

diversified and easily accessible.

Dividend Stocks

The bear market in equities hasn’t

spared dividend payers, but their

income streams have provided some

ballast. The S&P Dividend Aristocrats

Index, whose constituents have raised

dividends for at least 25 straight

years, is down 16% this year,

outperforming the S&P 500 index.

Moreover, dividend payers in the

index were off by 17% through Sept.

27, compared with a decline of 30%

for nonpayers, according to FactSet.

“In a downturn, stocks are going to

perform poorly across the board, but

we think dividend stocks will outperform,” says Pimco’s Browne. She

favors stocks with the potential for

dividend growth over stocks with

higher yields and weaker outlooks.

One way to play this theme is the

ProShares S&P 500 Dividend

Aristocrats ETF (NOBL). Constituents include Johnson & Johnson

(JNJ), Coca-Cola (KO), and Kimberly-Clark (KMB)—all defensive

plays on an economic downturn.

Freeman is gravitating to “the

highest-quality companies that are

profitable, have solid balance sheets,

and trade at reasonable valuations,”

he says. Stocks he owns for clients

include Sempra Energy (SRE) and

Bristol Myers Squibb (BMY), both

yielding about 3%.

Real Estate Investment

Trusts, or REITs

Rising rates have been a headwind for

REITs—companies that own real estate and are required to pay out at least

90% of taxable income as dividends.

The FTSE Nareit All Equity REITs

Index is down 27% this year, including

dividends.

The case for REITs is that rate

hikes will soon subside. And while a

recession would sting, some REITs

have solid rental income and balance

sheets, and the potential for asset

growth.

One REIT that Freeman likes is

Alexandria Real Estate Equities

(ARE), which yields 3.4%. The

company focuses on technology and

life-sciences properties in tier one

markets like Boston, New York, and

San Francisco. It has a “high-quality

portfolio of medical-related

properties” that should weather a

downturn, he says.

Adrian Helfert, chief investment

officer, multi-asset, at Westwood

Management, sees value in selfstorage REITs. The business “tends to

outperform broader peers in a lower

growth/recessionary scenario,” he

says. And storage REITs can reprice

their leases quickly due to their short

terms.

One example is National Storage

Affiliates Trust (NSA), a holding in

the Westwood Quality MidCap fund

(WWMCX). It yields 5.4%.

BofA Securities analyst Jeffrey Spector likes the single-family rental space,

favoring stocks like American Homes

4 Rent (AMH). It’s down 24% this

year, including dividends. But Spector

sees tailwinds in a limited supply outlook for housing and “structural demographic tailwinds with aging millennials.” He thinks the stock can get to $45

in the next year, up from a recent $33.

That would be a win of 36%, not including a 2.2% yield. B

Income Opportunities

Most income-generating assets have had big losses this year

amid rising rates. Here are some options to consider with

attractive yields.

Fund / Ticker Recent Price Yield

Treasury ETF

iShares 1-3 Year Treasury Bond / SHY $81.01 3.6%

IShares 7-10 Year Treasury Bond / IEF 94.54 3.3

Vanguard Intermediate-Term 57.72 3.7

Treasury / VGIT

Investment Grade Corporate Debt ETF

Vanguard Short-Term Corporate $74.13 4.7%

Bond / VCSH

iShares iBoxx $ Investment Grade -21.9 5.1

Corporate Bond / LQD

Municipal Bond ETF

iShares National Muni Bond / MUB $103.37 3.2%

Preferred Stock ETF

iShares Preferred & Income $31.56 5.6%

Securities / PFF

Dividend Stock ETF

ProShares S&P 500 Dividend $80.95 1.9%

Aristocrats / NOBL

Company

Bristol Myers Squibb / BMY $70.36 3.1%

Sempra Energy / SRE 154.15 3.0

REIT

Alexandria Real Estate Equities/ARE $137.93 3.4%

National Storage Affiliates Trust/NSA 40.36 5.4

American Homes 4 Rent/AMH 32.52 2.2

Note: SEC yields and NAVs are used for the ETFs. Data as of Sept. 27.

Sources: FactSet; Morningstar; Bloomberg

Rick Rieder,

BlackRock’s chief

investment officer

of global fixed

income, says he’s

“a bit giddy”

about the new

yields. See our

interview on page

20.

w012_p2bw276000_0_w01200_1________xa2022_01.pdf 1 01-Oct-22 03:33:04

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:13

October 3, 2022 BARRON’S 13

And those are just the immediate

economic problems. The Truss government also faces restiveness in Scotland and Northern Ireland, tough negotiations on trade with the European

Union, chronic productivity shortcomings, and decades of economic

stagnation. Not to mention the war

in Ukraine and an energy crisis.

Which raises the question: Is it

time to buy U.K. yet?

The answer isn’t an easy one. Investible assets, from blue-chip companies to prime real estate, have grown

relatively cheaper in the U.K., particularly if you’re paying in dollars, which

have strengthened as the pound has

weakened. Blackstone (ticker: BX)

CEO Steve Schwarzman recently paid

$85.5 million for a 2,500-acre historic

property in Wiltshire. As Bloomberg

noted, the property would have cost

$110 million last year, purely on a

currency-exchange basis.

Jefferies global equity strategist Sean

Darby thinks many U.K. companies are

healthy, and a weaker pound makes

them likelier to attract attention as

investments or acquisition targets.

In fact, some U.K. stocks, many of

which have large international interests, have held up despite the turmoil.

The best performer on the blue-chip

FTSE 100 index this year has been

defense contractor BAE Systems

(BA.UK), up about 44% in local terms.

Not surprisingly, Shell (SHEL.UK) and

BP (BP.UK) have benefited from higher

energy costs. They dodged a bullet

when Truss ruled out a windfall profits

tax on energy companies.

The FTSE 100 is down 6.65% this

year in local currency and 23% in dollar terms. The only time in the past 20

years that the iShares MSCI United

Kingdom exchange-traded fund’s

(EWU) price/earnings ratio—8.5—was

lower on a monthly basis was during

the financial crisis of 2008-09.

“Sterling and many British corporate

assets may now be cheap enough to

discount all but the most catastrophic

outcomes,” wrote Anatole Kaletsky, an

analyst at Gavekal, in a note. “Modest

speculative investments on British assets may therefore be worthwhile.”

But the recent moves by the government threaten to worsen an already fragile fiscal and macroeconomic situation. Contradictory forces

have been unleashed, making uncertainties greater. The government plans

a strongly inflationary program but

hasn’t said how it would be funded,

and initially resisted an independent

cost analysis by the Office of Budget

Responsibility. On Friday, Truss and

Chancellor of the Exchequer Kwasi

Kwarteng met with the head of the

OBR, which will conduct the analysis.

Meanwhile, to deal with inflation,

the Bank of England will have to raise

interest rates, a contractionary policy

that might crash a housing market

ultrasensitive to mortgage rates, and

send the rest of the economy spiraling

down. And a rare rate hike between

BOE policy meetings might spook the

markets or leave them wanting more.

“We’d caution against fighting fire

with fire,” says Nomura economist

George Buckley. “Raising rates by more

than is warranted by the inflation outlook to deal with higher market yields

and lower sterling is likely to backfire.”

This is not a pretty picture. “The

U.K. had an excellent reputation, and

it’s in danger of losing that extremely

quickly,” says Campbell Leith, professor of macroeconomics at the University of Glasgow. “It’s unprecedented.”

Of course, the government could

backtrack on tax cuts, but that might

be political suicide for Truss, after

having campaigned for the prime

minister’s job on promises to ditch

economic orthodoxy and seek radical

solutions. Despite being scolded by

everyone from the International Monetary Fund to former U.S. Treasury

Secretary Lawrence Summers, Truss

will hold fast, early signs indicate. She

insists that she’s making difficult decisions to strengthen growth.

If Truss does stick to her guns, she

and Kwarteng may be able to placate

markets by announcing fiscal rules for

the years ahead, says Nomura’s Buckley. This would mean detailing how the

government will pay for tax cuts and

U.K. May Look Cheap, but

It’s Hardly a Bargain Yet

An ill-fated tax-cut proposal has sent the pound and stocks reeling

and unleashed contradictory policies. Caution should be the byword.

I

t was a strange way to launch

a new monarchy and a new

government.

The immediate antecedents to

the multiple crises now gripping

the United Kingdom go back

years—to the 2008-09 financial

crisis, the weakening of the pound sterling, austerity budgets, Brexit, the pandemic, and the fall of Boris Johnson.

So, it was never going to be easy for

a new Tory government led by Prime

Minister Liz Truss. But her decision

to provide a massive subsidy to help

consumers pay for spiking energy

costs, and then to offer the largest tax

cuts since 1972, threatened to drive

inflation higher and resulted in the

pound plunging, government debt

yields rising, and the Bank of England

intervening in the bond markets to save

a pension system stuffed with gilts.

BY BRIAN SWINT

Chris J Ratcliffe/Getty Images

Continuing its slide against the dollar. the pound dipped to a record low of 1.03 this past Monday.

The Pound: Not What It Used to Be

The U.K.’s currency has fallen nearly in half since just before the 2008-09 financial crisis.

British Pound to U.S. Dollar

Source: Bloomberg

Rising

Interest

Rates

Covid-19

Financial Crisis Brexit Vote Pandemic

2006 ’10 ’15 ’20

1.00

1.25

1.50

1.75

2.00

2.25

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:14

14 BARRON’S October 3, 2022

how it will reduce debt in the long term. But

Truss might find it difficult to push through

more reforms. Not only would she risk another market backlash, but also she could

face opposition from her own MPs, worried

about their chances for re-election if the

economy melts down. One poll last week

showed Labour with a 33% favorability lead

over the Tories.

The least likely scenario is a currency

intervention to prop up the pound, which

has dipped to a record low of $1.03; it was

$2 in 2007. Duncan Weldon, an economist

and the author of the book Two Hundred

Years of Muddling Through, an economic

history of Britain, says that the U.K. not

only lacks the reserves to get far with such

an effort, but also the experience of being

forced to withdraw from the European

Exchange Rate Mechanism in 1992—the

last time the government tried to boost the

currency with purchases—has left scars.

That was the notorious Black Wednesday, when currency traders, including

George Soros, made billions by shorting

sterling at the government’s expense. Ironically, getting booted from the ERM ultimately helped the U.K. economy, which

went on to experience 16 years of economic

expansion that ended only in 2008.

The standoff can end in only one of two

ways, says Leith. The first is that the government convinces markets that Truss’ policies

are sustainable. While she’s politically unable to backtrack, she might opt to raise

other taxes to cover shortfalls and reduce the

need for more borrowing. That might ease

the need for more BOE rate rises. The second is that the BOE allows inflation to run

hot, sacrificing its independence. “If the

Bank of England helps out by softening

monetary policy, then that’s going to be

painful,” he says. “That’s not the best way

of resolving this, but it would resolve it.”

In an interview with Barron’s this past

week, Raghuram Rajan, a finance professor

at the University of Chicago and former head

of the Reserve Bank of India, noted the

buildup of stresses in institutions and politics of countries like the U.K. “The differences between industrialized and emerging

markets was that politics was much worse

in emerging markets, with more conflicts

and less consensus on direction,” he said.

“Now we have industrial countries that have

more conflicts of policy direction.”

Stephen Cucchiaro, CEO and chief investment officer of 3EDGE Asset Management,

a global investment firm based in Boston,

thinks it’s too early to get in. “At some point,

we expect the U.K. market to outperform the

U.S.,” based on the former’s low valuation.

“We’d first want to see a sustainable recovery in the bond and currency markets.”

Reshma Kapadia contributed to this story.

Derivatives are not suitable for all investors and involve the risk of losing more than the amount originally deposited and profit you might have

made. This communication is not a recommendation or offer to buy, sell or retain any specific investment or service. Copyright ©2021 CME Group Inc.

All rights reserved.

WHEN OPPORTUNITY STRIKES

TAKE ACTION

Capturing opportunities can be like catching lightning

in a bottle. With groundbreaking technology, unique

data insights and 24-hour access to innovative products

across all major asset classes, CME Group can help

you seize opportunities at precisely the right moment.

VISIT CMEGROUP.COM/OPPORTUNITY

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:15

October 3, 2022 BARRON’S 15

the tangle of market forces and focus on

the hair-care specialist’s profitability,

innovation, and potential for growth,

they’ll find a lot to like.

Olaplex products contain a patented

“bond building” ingredient call “bisamino” that the company says strengthens the internal structure of hair and

improves quality—especially for those

with the dry, brittle, and bleached kind.

Before 2018, that compound was

accessible only to hairstylists, who

offered Olaplex treatments in their

salons and sold the product to happy

customers. Olaplex then expanded into

direct-to-consumer, and specialty retail

channels, such as Sephora. But the

professional channel remains its biggest growth driver, having generated

46% of sales in 2022’s first six months.

“Olaplex was able to explain a quite

complex scientific story in a very clear

manner to consumers who were able

to receive it,” says Nicole Fourgoux,

operating partner for private-equity

firm Stride Consumer Partners’ portfolio of beauty brands.

In the U.S., Olaplex was number 4

by retail sales last year in the prestige

hair category, according to Euromonitor. But Olaplex has said in filings and

on earnings calls that its international

sales are expected to expand through

the professional channel—about 35%

of customers purchase Olaplex after a

stylist recommends it. Barclays’ analyst Lauren Lieberman estimates that

international sales should account for

75% of next year’s sales growth. The

company sells products in the United

Kingdom, Europe, China, and other

Southeast Asian countries.

Olaplex doesn’t report third-quarter

earnings until November, but Wall

Street expects a profit of 13 cents a

share, about 20% above the year-earlier figure, on sales of $210 million, a

30% increase from the total in the

same quarter of 2021. What stands out

is Olaplex’s profit margin. Earnings

before interest, taxes, depreciation, and

amortization, or Ebitda, margins

clocked in at 68.3% in 2021. They are

expected to dip to 63.6% in 2022, as

Olaplex continues to drive sales in

stores, where margins are lower than

sales through hair salons.

While the deceleration is worrisome, these margins are still much

higher than competitors’. L’Oréal

(OR.France) which sells Kérastase luxury hair-care products, is expected to

have a 24% margin this year. Olaplex is

keeping costs low and prices high—an

8.5-ounce bottle of its “hair perfector”

treatment is $60. Plus, Olaplex doesn’t

own property—it has more than 100

employees who always have worked

remotely.

Olaplex hasn’t changed its guidance

of up to $826 million in sales for 2022,

but, of course, it’s not immune to

broader market weakness, and its skyhigh margins could come back to earth.

And despite its popularity on TikTok—

the hashtag #Olaplex has garnered 1.3

billion views—some detractors say its

promises are too good to be true. Olaplex declined to comment.

That said, Olaplex stock is still

cheaper than its larger competitors

despite faster growth and better margins. It trades at 17.4 times trailing enterprise value to Ebitda, a discount to

L’Oréal’s 20.3 times and 19.7 times for

Estée Lauder (EL), a luxury brand

that sells natural ingredient-based haircare line Aveda.

Olaplex’s products might not be a

bargain, but its stock is—and it should

be a head turner for investors. B

ThisHair-Care Stock Looks

Like aBeautyof aBargain

Despite Olaplex’s fat margins and avid following among consumers, the

market has given a haircut to its shares. That looks like a mistake.

J

ordan Goldstein always wanted

to pull off that wavy, fresh-offthe-beach look, but his long,

dry hair made it implausible.

That was until last year,

when a barber in Santa Cruz,

Calif., recommended a new

hair-care line that promised to

bring his tresses back to life. Although

the 33-year-old environmental scientist went in just for a trim, Goldstein

left with two hair products made by

Olaplex Holdings (ticker: OLPX), an

emerging growth company with astonishingly high profit margins that

made its market debut a year ago.

Olaplex, launched in 2014, scaled

quickly from a maker of three items

developed by two scientists in a garage

littered with surfboards and lawn

chairs into a 13-product prestige haircare line. With recommendations

from professionals, it has built a cultlike following among millennials and

Gen-Z for its shampoos, conditioners,

oil, and hair masks that are said to

repair damaged strands. Goldstein—

who nowadays sports wavy, dense

long hair—swears by the efficacy.

The promise of “good hair” days,

however, hasn’t been enough to excite

investors. Shares of Olaplex have

dropped 54% since being priced on

Sept. 29, 2021; they closed on Friday at

$9.55. Investor aversion to IPOs generally—the Renaissance U.S. IPO exchange-traded fund (IPO), which tracks

recent debuts, is down 51% this year—

has weighed on the stock. Advent International, the private-equity firm that

brought Olaplex to market, still owns

76% of the company, and could sell

more shares in the future.

But given the size of its drop and the

company’s expected growth—earnings

and sales are expected to rise by more

than 20% in 2023—Olaplex stock looks

intriguing. If investors can look beyond

BY KARISHMA VANJANI

Olaplex Holdings

(OLPX / Nasdaq)

Source: FactSet

Oct. 2021 ’22

5

10

15

20

25

$30

Photograph by Maggie DiMarco and Scott Semler

w015_p2bw276000_0_w01500_1________xa2022_01.pdf 1 01-Oct-22 03:32:53

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:16

16 BARRON’S October 3, 2022

SPACsWent Pop.6Worth a Look.

In 2021, record numbers of special-purpose acquisition companies came to the market. Reality has since intervened, and the SPAC boom ended with a whimper.

But that doesn’t mean that all SPAC-financed companies were failures. We found some of the best.

O

ne year ago, investors

couldn’t get enough of special-purpose acquisition

companies. Now, they can’t

dump SPACs fast enough.

In 2021, some 613 SPACs

came to market, two-and-ahalf times as many as in 2020, and raised

$163 billion, about twice that of the previous year. New technologies, new capital,

and optimistic business projections had

investors dreaming of big gains from these

blank-check companies, like the 250%

pop in 2020. It inflated what, in hindsight,

looks to have been a financial bubble.

Now that bubble has popped. Just 76

SPACs have come to market in 2022, the

fewest since 2019, and the average initialpublic-offering size has been just $166

million, the lowest since 2014. The S&P

U.S. SPAC index has dropped 16.3% this

year, its worst performance since tracking

began in late 2017. The companies that

went public through SPACs have fared

even worse. Barron’s looked at 150 of the

largest companies by market capitalization

in the Next Gen SPAC Derived exchangetraded fund, which liquidated in August.

At its peak, that group had a combined

market capitalization of almost $1.3 trillion. Now it’s roughly $300 billion.

Many of the stocks got what they deserved after offering financial guidance

that has proven wildly off the mark. Virgin Galactic (ticker: SPCE), whose stock

has fallen 64% this year, planned to generate $590 million in 2023 sales, but now

looks like it will have $19 million, if Wall

Street’s estimates are correct. Lordstown

Motors (RIDE), whose shares have

dropped 46%, said it would sell 65,000

trucks in 2023, enough to generate $3.5

billion in sales. Wall Street projects sales

of $88 million on just a handful of trucks.

Not every company has failed so spectacularly. Some 20% of the stocks Barron’s

looked at closely were able to meet or beat

their projections, though the group is

down 30% in 2022. Many look like solid

companies that made the bad choice of

coming to market via a SPAC—and they

could provide opportunity for investors

willing to wade into the wreckage.

BY AL ROOT Blue Owl Capital (OWL / NYSE)

$18

16

14

12

10

8

Oct. 2021 ’22

Recent Price: $9.28

YTD Change: -37.8%

2023E Price/Sales: 10.6

Market Value (bil): $13.2

ChargePoint Holdings (CHPT / NYSE)

$30

25

20

15

10

5

Oct. 2021 ’22

Recent Price: $14.93

YTD Change: -21.6%

2023E Price/Sales: 6.9*

Market Value (bil): $5.2

Luminar Technologies (LAZR / Nasdaq)

$25

20

15

10

5

Oct. 2021 ’22

Recent Price: $7.37

YTD Change: -56.4%

2023E Price / Sales: 22.1

Market Value (bil): $2.6

Rocket Lab USA (RKLB / Nasdaq)

$18

14

10

6

2

Oct. 2021 ’22

Recent Price: $4.16

YTD Change: -66.1%

2023E Price/Sales: 4.8

Market Value (bil): $2.0

Vacasa (VCSA / Nasdaq)

$11

9

7

5

1

3

Oct. 2021 ’22

Recent Price: $3.10

YTD Change: -62.7%

2023E Price/Sales: 1.1

Market Value (bil): $1.3

Vivid Seats (SEAT / Nasdaq)

$14

12

10

8

6

Oct. 2021 ’22

Recent Price: $7.59

YTD Change: -30.2%

2023E Price/Sales: 2.5

Market Value (bil): $1.5

E=estimate; *For fiscal year ending Jan. 2024

n Blue Owl Capital (OWL)

Blue Owl Capital isn’t a bank, but it lends directly

to businesses, private-equity firms, and real

estate companies. At the time of its SPAC merger,

the company predicted that it would have sales of

$1.3 billion in 2023. Now, revenue is expected to

hit $1.8 billion. Analysts expect Blue Owl to earn

53 cents a share this year, and 68 cents in 2023.

Still, the stock is down some 48% from November’s all-time high. That might have more to do

with valuation—Blue Owl was trading at 36 times

earnings—than fundamentals. Now, its shares

fetch a more palatable 14 times 2023 earnings, a

discount to the S&P 500’s 15 times.

n ChargePoint Holdings (CHPT)

Electric vehicles are the future, but the present is

better than what ChargePoint projected in 2020.

Revenue this year for the operator of EV charging

stations should top $482 million, and is estimated

to hit $732 million in 2023, more than the $346

million and $602 million ChargePoint thought it

would generate. The strong growth isn’t surprising

given the proliferation of EVs and U.S. government

support for EVs and charging stations. ChargePoint is far from profitable, and the stock is off

almost 70% from its all-time high reached in December 2020. The company, however, has $471

million in cash on hand, which should be enough to

get it safely to profitability.

n Luminar Technologies (LAZR)

Luminar makes laser imaging, detection, and

ranging, or lidar, systems, the laser-based radar

that many car companies are adopting to enhance safety and enable autonomous driving. It

isn’t the only lidar maker to come to the market

via a SPAC, but it might be the one best poised to

succeed. Luminar’s lidar will be used in the Volvo

EX90, which is set to be released in November,

and Wall Street expects it to generate $120 million

in sales in 2023, right in line with what Luminar

projected in 2020. Five other lidar makers forecast combined sales of more than $900 million,

but the actual figure looks to be closer to $275

million.

n Rocket Lab USA (RKLB)

You can’t buy stock in privately held SpaceX, but

you can pick up shares of Rocket Lab USA, which

may be the next best thing. In 2021, Rocket Lab,

which offers everything from launch services to

spacecraft to satellite components, projected

2022 sales of $176 million and another $267 million

in 2023, but analysts now expect revenue of $228

million and $323, respectively. The stock has

dropped 80% from its peak in September 2021,

despite achieving everything it promised. Profits

are the big problem—they’re still years away. Still,

Rocket Lab could generate positive free cash flow

in 2024, says Cowen analyst Cai von Rumohr, who

upgraded the shares to Outperform in late August.

n Vacasa (VCSA)

When Airbnb (ABNB) competitor Vacasa announced its SPAC merger in July 2021, it thought

it could generate $1 billion in revenue in 2022 and

$1.3 billion in 2023. Now, it’s expected to report

$1.2 billion and $1.5 billion, respectively. Despite

the business momentum, shares are down 63%

this year. It’s an industry issue, with Booking

Holdings (BKNG) off about 30% over the same

period. Vacasa isn’t profitable yet, which explains its relative weakness. Vacasa shares

trade at 1.1 times estimated 2023 sales, a valuation that J.P. Morgan Securities analyst Doug

Anmuth calls “undemanding.”

n Vivid Seats (SEAT)

Vivid Seats, a player in the ticket-resale industry

that includes Ticketmaster parent Live Nation

Entertainment (LYV), StubHub, and SeatGeek,

is the rare SPAC company that actually turns a

profit. Vivid is also expected to generate sales of

$609 million in 2023, more than the $525 million

predicted when Vivid announced its SPAC

merger in April 2021. Still, the stock has been cut

almost in half, to $7.59, from an all-time closing

high of $14.35, reached in October 2021. Now

Vivid Seats shares trade at just 14 times 2023

earnings, a discount to the S&P 500 multiple of

about 15 times.

Sources: Bloomberg; FactSet

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:17

October 3, 2022 BARRON’S 17

FUND PROFILE Talking With Karl Zeile, Principal Investment Officer

American Funds Tax-Exempt Bond Fund of America

Buying

Munis at

a Discount

Photograph by SHAYAN ASGHARNIA

Karl Zeile planned to work for a nonprofit

after getting a master’s degree in public

policy from Harvard University.

He changed his mind after meeting municipal-bond analysts during an internship. “It was very clear to me that that’s

exactly what I wanted to do, because to me,

it was the perfect combination of investment analysis, research, and public policy,” says the 55-year-old Zeile.

He is now the principal investment officer at Capital

Group’s $22.9 billion American Funds Tax-Exempt Bond

Fund of America (ticker: AFTEX). The fund seeks value in

under-trafficked parts of the muni market, such as singlefamily housing bonds in Illinois, affordable-housing bonds

in California, and medical-center bonds in Wisconsin.

Tax-Exempt Bond’s 15-year record boasts a 3% annualized return, putting it in the top 14% of its peers. It is a

four-star Morningstar bronze medalist, with annual fees

of 0.50%. It has a 3.75% initial load.

This year has been tough for bond managers, as interest rates have soared, pushing down bond prices. Tax-Exempt Bond has sunk 11.5% in 2022, lagging behind its

competitors, which are down 10.7%. Zeile says his fund

has longer bond duration than peers and has been more

affected by rising rates.

Some of his favorite recent investments are securities

from the Illinois Housing Development Authority. These

are structured AAA-collateral bonds with a five-year average life, and a 4% coupon for 2048 maturity. Interestrate volatility has led to wider spreads and cheaper

prices, and the fund bought these bonds with yields significantly above U.S. Treasury five-year rates. Like virtually all bond investments in a year of rising rates, they

have dropped in value since Tax-Exempt purchased them.

But Zeile says their credit spreads have tightened, meaning they have fallen less than other bonds.

BY DEBBIE CARLSON

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:18

18 BARRON’S October 3, 2022

“As long-term investors, we view the

near-term price declines as a result of a

macro rates move as an opportunity to

build larger positions in these names,”

Zeile says of his investments this year.

Investors may be surprised to see a conservative bond fund like Tax-Exempt owning Illinois securities, given the state’s financial troubles and BBB+ credit rating.

Zeile notes that the fund is underweight

Illinois general-obligation bonds, but overweight other types of bonds, such as those

from the housing agency and the Illinois

State Toll Highway Authority. “We see it as

kind of an attractive place to take advantage

of the ‘Illinois taint’ and still own structures that we think are very, very strong

fundamentally,” he says.

Other housing bond purchases in 2021

and 2022 were a California multifamily

affordable-housing development, Westgate

Apartments, Pasadena, specifically its 2057

bonds, with a 3.125% coupon. Normally, the

fund doesn’t buy non-investment-grade

paper, but Zeile says the bonds fell to deep

discounts because of the low coupons, not

because of credit concerns, providing a

compelling reason to step into the secondary market to purchase them.

By buying the asset-backed issuance at a

meaningful discount to the original issuance

dollar prices, Zeile says, “it significantly improves both the long-term return potential

and the credit profile” of the investment.

Tax-Exempt Bond also took an unusual

way to get healthcare exposure, with two

separate purchases of Milwaukee Regional

Medical Center 2052 bonds with a 5% coupon. The center is a heating-cooling distribution facility adjacent to three AA-rated

hospitals in the Milwaukee area. It delivers

essential services to the hospitals, and because payments to it are operating expenses,

the bonds are higher in seniority in repayment terms versus a hospital general-obligation bond. The fund first bought the bond as

a new issue in 2018, and when the facility

refinanced this year, it purchased more on

the secondary market.

“We continue to think it represents a

compelling long term-investment,” Zeile

says.

Zeile manages Tax-Exempt Bond with

Chad Rach and Courtney Wolf, each of

whom takes responsibility for investing

25% of the fund’s holdings. The fund’s

team of 10 analysts invest the other 25% of

the portfolio, alongside the managers.

It’s a highly diversified fund, with nearly

5,300 holdings and low annual turnover.

Zeile says the team finds investment opportunities through bottom-up, fundamental

research in order to understand both creditworthiness and valuation.

Tax-Exempt Bond is a core bond fund,

comprised primarily of investment-grade

issues with only a handful of non-investment-grade bonds. Below-investment-grade

bonds can account for no more than 10% of

its holdings; the figure is currently about 4%.

It also doesn’t use leverage to juice returns.

“We buy bonds the old-fashioned way,

and generate tax-exempt income for our

shareholders. We think, over the long term,

that that is the right approach,” Zeile says.

This year’s uncertainty about the direction of rates caused the managers to increase Tax-Exempt Bond’s liquidity, with a

higher-than-usual 10% cash position. It

also bulked up on short-term muni instruments, including commercial paper and

other short-term notes.

Zeile says it’s important to have extra

liquidity to be able to pay shareholders

who might need to withdraw funds, and it

allows the managers to buy advantageously during volatile times.

Right now, Zeile says, he’d rather take

advantage of some of the gyrations at the

short-end of the curve than at the long

end. He adds that it isn’t clear whether

inflation has peaked yet, and that it’s too

early to extend the fund’s duration. But he

says the managers won’t be afraid to buy

ideas from their analysts.

“Volatile markets are often the best time

to get invested in high-conviction ideas,”

Zeile says. “We know we’re sowing the

seeds of long-term success by continuing

to do our bottom-up credit work.” B

American Funds Tax-Exempt

Bond Fund of America

Total Return

1-Yr 5-Yr 15-Yr

AFTEX -11.5% 0.5% 3.0%

National Muni

Intermediate Category -10.7 0.4 2.6

Top 10 Fixed-Income Issuers % of Net Assets

NY State Personal 2.2%

Income Tax Bonds

NY City Transitional 1.8

Finance Authority

Metropolitan Transportation 1.6

Authority (NY City)

NY City 1.4

Chicago Board of Education 1.2

Santee Cooper (South Carolina) 1.2

NY City Municipal Water 1.0

Finance Authority

Pennsylvania Turnpike Commission 1.0

New Jersey Transportation 0.8

Trust Fund Authority

Illinois State Toll Highway Authority 0.7

Total 12.9%

Note: Top 10 issuers as of June 30. Returns through

Sept. 26; five- and 15-year returns are annualized.

Sources: Morningstar; Capital Group

Scoreboard: A Sea of Red

The S&P 500 shed 3.13%,whichwas better than Latin American funds,which lost 7.69% as investors

took refuge in the dollar. U.S. bond fundswere off 1.37%.Only the hedged alt fundswere up.

One Week Year-to-Date

U.S. STOCK FUNDS – 2.68% – 24.28%

TOP SECTOR / Alternative Managed Futures Fds 1.04 21.54

BOTTOM SECTOR / Latin American Funds – 7.69 – 0.94

S&P 500 – 3.13 – 23.62

U.S. BOND FUNDS – 1.37 – 11.43

Bloomberg Barclays AGG Bond – 0.75 – 13.55

TheWeek's Top 25

Fund Investment Objective One Week Year-to-Date

PIMCO TRENDS MFS Inst / PQTIX Alt Mgd Futures 3.39% 23.4%

Am Beacon AHL MFS Y / AHLYX Alt Mgd Futures 2.95 23.8

Gotham Short Strat Inst / GSSFX Alt Long/Short Eq 2.87 44.5

Quantified STF Inv / QSTFX Flexible Portfolio 2.76 – 40.1

GPS II Mgd Fut Str Svc / GPMFX Flexible Portfolio 2.75 47.8

Natixis AlphaSmplx MFS Y / ASFYX Alt Mgd Futures 2.72 47.3

AQR Mgd Fut Str HV I / QMHIX Alt Mgd Futures 2.70 62.2

Jacob Small Cap Gro Inst / JSIGX Small-Cap Growth 2.68 – 48.7

Crdt Suis Mgd Fut Str I / CSAIX Alt Mgd Futures 2.62 28.5

Hussman Inv Strat Gro / HSGFX Alt Long/Short Eq 2.33 15.3

Delaware Sm Cap Gro Inst / DSGGX Small-Cap Growth 2.10 – 42.9

FS Managed Futures I / FMGFX Alt Mgd Futures 1.94 17.6

Virtus FORT Trend A / VAPAX Multi-Cap Core 1.82 – 6.4

AQR Mgd Futures Strat I / AQMIX Alt Mgd Futures 1.79 41.3

Vanguard Mkt Neut Inv / VMNFX Equity Mkt Neutral 1.79 8.6

Delaware Smd Cp G Inst / DFDIX Mid-Cap Growth 1.76 – 43.3

Fidelity Sel Bio Tech / FBIOX Health/Biotech 1.70 – 19.6

RBB Abbey Cap Fut Str I / ABYIX Alt Mgd Futures 1.63 24.4

Absolute Strat Inst / ASFIX Abs Return 1.61 10.5

abrdn China A Sh Eqty In / GOPIX China Region 1.56 – 28.8

Arrow Mgd Fut Str Inst / MFTNX Alt Mgd Futures 1.49 64.3

Astor Macro Alt I / GBLMX Alt Multi-Strategy 1.49 – 1.6

Federated Hrms MDT MN IS / QQMNX Alt Long/Short Eq 1.47 1.6

AXS Mkt Neutral I / COGIX Equity Mkt Neutral 1.46 6.8

RQSI GAA Sys Gl Mac Inst / RQSGX Alt Long/Short Eq 1.40 10.2

TheWeek's Bottom 10

Fund Investment Objective One Week Year-to-Date

DFA LTIP Portfolio Inst / DRXIX Infl Protected – 11.28% – 43.3%

DFA UK Sm Company I / DFUKX European Region – 10.54 – 40.5

Catalyst Int Rt Opp I / IOXIX US Mortgage – 9.65 – 19.9

Ecofin Glbl Rwb Inf Inst / ECOIX Glb Infrastructure – 8.95 – 13.2

DFA Emg Mkts Value I / DFEVX Emerging Markets – 8.87 – 21.7

Virtus KAR Intl SMC I / VIISX Intl Sm/Mid-Cap Growth – 8.55 – 45.0

New Alternatives A / NALFX Specialty & Misc – 8.48 – 21.2

Global Clean Equity I / CGCNX Industrials – 8.39 – 28.5

Brookfield Gl R&S Infr I / GRSIX Glb Infrastructure – 8.24 NA

CB Global Infra Inc I / RGIVX Glb Infrastructure – 8.23 – 13.0

The Largest 25 Assets 3-Year* 1-Week YTD

Fund Investment (billions) Objective Return Return Return

American Funds Gro A / AGTHX $104.7 Large-Cap Growth 7.5% – 2.71% – 31.4%

Vanguard Wellington Adm / VWENX 92.7 Mix Tgt All Gro 3.8 – 2.61 – 19.5

American Funds Bal A / ABALX 92.1 Mix Tgt All Gro 3.7 – 2.60 – 17.9

Fidelity Contrafund / FCNTX 90.1 Large-Cap Growth 8.0 – 2.19 – 30.1

Dodge & Cox Stck I / DODGX 80.1 Multi-Cap Value 8.7 – 2.65 – 16.9

Vanguard Tgt Ret2030 Inv / VTHRX 78.0 Mix-Asst Targ 2030 2.0 – 2.76 – 21.1

Vanguard Tgt Ret2035 Inv / VTTHX 76.2 Mixed-Asset Target 2035 2.6 – 2.97 – 21.9

American Funds Inc A / AMECX 76.1 Mix Tgt All Mod 3.6 – 3.39 – 14.5

Vanguard Tgt Ret2025 Inv / VTTVX 75.1 Mixed-Asset Target 2025 1.6 – 2.51 – 19.9

American Funds Wash A / AWSHX 69.5 Large-Cap Value 7.1 – 2.95 – 17.3

PIMCO Income Inst / PIMIX 69.0 Multi-Sector Inc – 0.2 – 1.79 – 10.7

Fidelity SA US Tot Stk / FCTDX 66.1 Multi-Cap Core 8.6 – 2.78 – 23.3

Vanguard Tgt Ret2040 Inv / VFORX 65.7 Mixed-Asset Target 2040 3.1 – 3.13 – 22.7

American Funds ICA A / AIVSX 65.6 Large-Cap Core 6.4 – 3.33 – 23.0

American Funds EuPc R6 / RERGX 65.4 Intl Large-Cap Growth – 1.3 – 3.56 – 32.2

Vanguard Tgt Ret2045 Inv / VTIVX 61.0 Mixed-Asset Target 2045 3.6 – 3.29 – 23.5

American Funds CIB A / CAIBX 60.5 Global Equity Income 1.8 – 3.73 – 15.9

Dodge & Cox Income I / DODIX 58.0 Core Bond – 1.6 – 1.40 – 13.0

American Funds FInv A / ANCFX 56.3 Large-Cap Core 5.7 – 3.09 – 24.0

Vanguard PRIMECAP Adm / VPMAX 56.1 Large-Cap Core 7.5 – 0.76 – 21.8

Fidelity SA Core Inc / FIWGX 54.3 General Bond – 1.8 – 1.26 – 14.4

Fidelity Str Adv LgCp / FALCX 51.7 Large-Cap Core 0 – 2.75 – 22.4

Vanguard Div Gro Inv / VDIGX 51.6 Equity Income 7.8 – 2.50 – 14.7

American Funds NPer A / ANWPX 49.4 Global Large-Cap Growth 5.9 – 3.11 – 31.0

Vanguard Tgt Ret2050 Inv / VFIFX 48.8 Mix-Asst Targ 2050 3.6 – 3.43 – 23.8

*Annualized 09/25/2019 to 09/29/2022. Through Thursday. Source: Lipper

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:19

October 3, 2022 BARRON’S 19

THE ECONOMY One market strategist pegs some version of a Fed

put at “north of 4.5%” on the 10-year Treasury,

well above the current 3.73% yield.

The Fed Put Isn’t

Dead. But It’s Still

A LongWay Off

Carnage across

global financial

markets, and in

bond markets

especially, has

reignited debate

about whether the

so-called Fed put might still be alive.

The notion that the central bank will

rescue investors from serious downturns isn’t as dead as many strategists

have declared, but neither is the prospect as simple as it seemed in past

episodes of market upheaval.

As volatility explodes upward in

bond markets, including in the U.S.,

where Treasuries are considered riskfree, market strategists are growing

alarmed. “This is the equivalent of

2008 for bonds,” says George Goncalves, head of U.S. macro strategy at

MUFG’s institutional client group,

pointing to the leverage that financial

institutions have layered on their bond

portfolios, much as they levered up in

the years preceding the financial crisis.

Banks purchased a lot of government bonds because of regulatory

requirements, and “under the notion

that they’re sleepy and you don’t get

these big moves,” he says. But the

addition of leverage can turn volatile

markets into violent ones.

Goncalves says that recent market

swings are only the start of an ugly

stretch, as global demand for dollars

remains fierce, the Federal Reserve

outhawks major central banks, and

other central banks then hike interest

rates to defend their currencies. At the

same time, the Fed is extricating itself

from the Treasury market, a third of

which it grew to own.

For more than a decade, quantitative easing—or the massive asset purchases made by global central banks—

has been the glue holding everything

together, says Goncalves. But high

inflation across the globe now has

central banks in retreat, as they try

to unwind trillions of dollars in QE

while simultaneously raising interest

rates. “If they are truly looking to get

out for good, this is what it looks like

when there’s a buyers’ strike,” he says.

The problem in the U.S. is that while

the Fed has stopped buying Treasuries,

so have other central banks, says Jurrien Timmer, director of global macro

at Fidelity Investments. And as some

central banks, such as the Bank of

Japan, intervene in their currency markets, they are presumably depleting

their dollar-denominated reserves.

The Merrill Lynch Option Volatility

Estimate, or MOVE, index, shows how

violent the action has been in the U.S.

Treasury market. Jim Bianco, president

of Bianco Research, notes that the index, which captures bond-market volatility much like the Cboe Volatility Index, or VIX, does with the stock

market, hit about 159 during the past

week. That is the highest level since

2009, with a lone exception in March

2020, early in the pandemic. Bianco

says that every time the MOVE index

has gotten above 155, the Fed has panicked and eased policy.

For investors conditioned to expect

the Fed to backstop markets, this

would suggest that at least a pivot

away from aggressive tightening is in

sight—and a return to rate cuts and

QE might not be far behind that.

Don’t bet on it just yet. Not only

is the current turbulence the consequence of the Fed waiting too long

to address inflation; it is also the result of some policy makers and investors missing the point that the economy has fundamentally changed since

the pandemic, Bianco says.

Some changes, including the rise

of work-from-home and chronic labor

shortages, mean inflation will prove

more persistent than many still appreciate. And that means the Fed’s hands

are tied, even if conditions in the bond

market and elsewhere worsen, he says.

Underscoring the point: Data released on Friday showed that the personal consumption expenditure index,

the Fed’s favored inflation metric,

unexpectedly accelerated in August.

The Fed is playing a game of chicken

with the markets and has to bury the

Fed put that has existed since the

1980s, Goncalves says. Otherwise, belief in a backstop effectively undoes its

efforts to tighten financial conditions.

Officials will get rates as high as

they can—and as close to the 4.5%-5%

they have signaled—before cutting

anew, Goncalves says. “But if they

turn around and do QE,” as the Bank

of England did, “their credibility goes

out the window.”

That doesn’t mean the Fed can’t and

won’t step in to assist troubled markets. Goncalves says that instead of

printing money, the central bank

would more likely use targeted and

less dramatic means, such as its repo

facility, and encourage banks to borrow from its discount window, which

provides liquidity when banks can’t

borrow from other banks. Some strategists say capital-requirement regulation could be used to get banks to buy

more Treasuries and stabilize markets.

As for the elusive pivot, the Fed

will eventually blink—just not

imminently, says Richard

Farr, chief market strategist

at Merion Capital Group. Any hint

now of a Fed pivot would undo recent

declines in commodity prices and

threaten to push overall inflation

higher, he says. Also, officials want to

bring labor supply and demand back

into balance. Initial claims for unemployment insurance in the latest week

fell for the sixth time in seven weeks, to

the lowest level since April and too low

for the Fed to back off.

But it is only a matter of time before

we get a systemic event, or one that

risks the financial system and economy, Farr says. He pegs some version

of a Fed put “north of 4.5%” on the

10-year Treasury, a considerable distance from the current 3.73% yield.

A Fed put limited to protecting the

financial system might not resemble

the Fed put that investors have come

to know. This time, the bar will be

higher, and there will be more pain

along the way. B

By Lisa Beilfuss

On the MOVE

The Merrill Lynch Option Volatility Estimate, or MOVE, index reflects a sharp rise in bond market volatility.

ICE BofA MOVE Index

Source: Bloomberg

2003 ’05 ’10 ’15 '20

0

50

100

150

200

250

300

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:20

20 BARRON’S October 3, 2022

Q&A

Howto Navigate

The Storm in Fixed

Income Markets

I

t is an exciting time for fixed

income—and a terrifying one,

too. Central banks are in the

midst of the most dramatic

tightening of monetary policy in

a generation, which has helped

push yields on some risk-free

U.S. Treasuries to 15-year highs. No

wonder fixed income is back in vogue

as a competitive alternative to equities.

Yet, because bond prices move inversely to yields, price loss has been as

ugly as yield growth has been alluring.

The iShares U.S. Treasury Bond

(ticker: GOVT) and iShares Core U.S.

Aggregate Bond (AGG) exchangetraded funds are both down more

than 14% in 2022.

For Rick Rieder, who oversees some

$2.4 trillion in assets as BlackRock’s

(BLK) chief investment officer of global

fixed income, the winning formula

today is to focus on shorter-dated

bonds and avoid taking too much risk.

Rieder also serves as chairman of the

BlackRock Investment Council and

manages the $41 billion Strategic

Income Opportunities Portfolio

(BSIIX), among other mutual funds.

Rieder joined BlackRock when the

asset manager bought his R3 Capital

Management hedge fund in 2009.

Before that, he spent more than two

decades at Lehman Brothers, eventually rising to become the firm’s head

of global principal strategies and

credit businesses.

In a recent interview in BlackRock’s

Manhattan headquarters, Rieder discussed the outlook for the economy and

inflation, Federal Reserve policy, and

where to put money to work in fixed

income today. An edited version of the

conversation follows.

Barron’s: What is top of mind for

you as a fixed-income investor?

Rick Rieder: At the core of investing

today is the fact that financial conditions are tightening. Everything you

do has to take that into account until

proven otherwise. The U.S. economy

is in good shape, and the employment

market is in really good shape. It’s

tougher in continental Europe and the

United Kingdom, where growth looks

like it will slow precipitously and

they’re tightening into it. We haven’t

seen that dynamic in a generation.

The Fed is doing what it needs to

do. Its mistake was doing quantitative

easing for too long. But it deserves

an “A” this year for moving quickly

and decisively and leaving no ambiguity in its communication. The Fed

knows it needs to deal with inflation.

That will require it to get to a place

where rates are restrictive. Then, it

can pause and let the system adjust.

It has been a wild week for bonds

and currencies across the globe,

but especially in the U.K., where

the Bank of England bought bonds

to stabilize the market. What do

you make of this volatility?

The speed with which central banks

are working to rein in inflation alongside slowing economic conditions is

creating extraordinary uncertainty,

lack of conviction, volatility, and lower

levels of market liquidity. When the

Bank of England is buying bonds at

the same time that it’s raising interest

rates, it exacerbates the uncertainty

and lack of conviction across markets.

The BOE was reacting to pressure in

the pension system, not changing its

overall policy. Yet, it created a good deal

of belief that the central bank “put”

might still live and that central banks

will be sensitive to broader conditions

as they present themselves.

The strong dollar is increasingly

exporting inflation to all overseas destinations, especially net importers of

food and energy priced in dollars—just

as their economies are slowing. That

increases the need for procyclical tightPhotograph by KRISTA

SCHLUETER

BY NICHOLAS JASINSKI

An Interview With Rick Rieder

CIO of Global Fixed Income, BlackRock

P:21

October 3, 2022 BARRON’S 21

ening in these places, leading to more

outflows and still-weaker currencies.

How do you position for continued

tightening?

The overriding theme is to keep your

beta down and your risk down. For

the first time in a long time, you get

paid to wait—and particularly in the

front end of the yield curve. Until recently, I hadn’t bought one-year commercial paper in years. But now you

can get close to 5% from good-quality

names without taking much duration

risk. It raises the hurdle rate for everything else.

The run-up in yields is distressing to

many, but you seem excited. Why?

Frankly, I’m a bit giddy. We’ve been

in the penalty box for two years with

negative or near-zero interest rates.

There was a scramble to get highyield credit at a 3.5% yield last year.

Now, people are hesitating to buy

high-yield bonds even at 9%.

These yields are attractive, and it’s

natural to want to not miss out. July

was one of the greatest rallies I’ve ever

seen in bonds and equities. But I don’t

see an end to the market’s decline for

at least another 60 days. If we start to

see employment softening and inflation easing more—plus, once we get

through China’s 20th Party Congress

and have a better idea of how Europe

will handle energy this winter—then it

could be time to put some more dry

powder to work. Markets should have

priced in by then the terminal rate

[peak federal-funds rate] from the Fed,

and it could be time to start buying

more long-dated bonds then.

The premium on riskier bonds

over Treasuries isn’t screaming

“recession.” Is that a fair reading?

I don’t think the market should be

screaming recession because companies are in good shape. Their cash-flow

numbers are good; they’ve built up

a tremendous amount of cash and

pushed out their debt maturities. I don’t

think we’re going into a deep recession.

I’m pretty sanguine about the U.S.

What areas of fixed income or

credit are you worried about?

I worry about the housing market.

Mortgage payments are up, putting

extra pressure on lower-income borrowers who are also facing higher

prices for food and energy. I’m comfortable in AAA-rated commercial

mortgages, if I can get good quality

and earn more than 5% yields, but

more concerned about some of the

downtown, class-B offices or retail.

We’re also cautious about emerging

“ ‘Buy the dip’ doesn’t work during QT; you just keep getting new dips.”

RIck Rieder

markets. While the dollar is strong

and the Fed is tightening, the fundamentals are tough. EM is going to

have a renaissance at some point in

the next few years, but for now we’d

rather take U.S. credit risk.

You have about 5,000 individual

positions in the Strategic Income

Opportunities fund. What are

some of your favorites?

Getting paid to wait is my favorite

trade: Short-term Treasury yields are

already attractive, and you can get a

premium over that from AAA-rated

borrowers without taking on much

more risk. High-quality one-year U.S.

credit, AAA-rated commercial mortgages, and AAA-rated collateralized

loan obligations are my favorite

positions.

We like the U.S. dollar as a hedge

against developments in Europe and

China. As the Fed gets closer to the

end of rate hikes, we will probably

reduce that position over the next

couple of months.

In equities, people are buying a lot

of insurance through options. They

are paying the highest price in years

for puts [an option to sell a stock at a

given price]. Instead of being long

equities, we’ve been selling downside

puts to buy upside calls [an option to

buy a stock at a given price]. That’s

attractive because it means you get

paid today. If, for some reason, the

stock market runs higher, we’ll still

get that performance.

The Fed hasn’t just been increasing interest rates; it is also reducing its holdings of Treasuries

and mortgage-backed securities

through quantitative tightening. Its

balance-sheet runoff accelerated

to $95 billion a month in September. What is the impact of QT?

U.S. bank reserves have contracted by

$1 trillion in just 38 weeks. That’s five

times faster than in the previous cycle.

Commercial bank reserves as a percentage of liabilities are down a lot.

And banks’ holdings of Treasuries

and MBS are falling. So, liquidity is

definitely draining from the system

due to the Fed.

Historically, liquidity tracks closely

to the S&P 500 or other financial assets, so it’s no surprise that both the

debt and equity markets had a tough

time in September when the Fed accelerated QT.

What is your view of the equity

market?

If I were running a long-term portfolio, I would still own a lot of equities.

But for my marginal dollar, I’d be patiently waiting for the equity market

to reprice to where other markets are.

Debt markets adjust to macro conditions much faster than the equity

market. Bond folks have this maniacal

focus on economic conditions, inflation, real rates…whereas the equity

folks tend to focus on individual companies and earnings, and can sometimes be myopic. And it has been such

a great run for such a long time that

people don’t like to sell when they’re

down as much as they are now. But, at

the margin, there is no way that equities can be fair value if the credit markets are at fair value today. I expect

equity markets to drift down to trade a

bit more like credit, and the credit markets will stabilize, particularly if the

risk-free rate is more stable from here.

You launched your career in the

1980s. Any lessons?

Most of the people in our industry have

operated only in an environment of easy

monetary policy and expect the central

bank to intervene whenever there’s a

problem. People who have been in the

business only for a short time tend to

think it’s all about mean reversion:

When it gets cheap, you’ve gotta buy it.

Truth is, it can also get cheaper and

cheaper. “Buy the dip” doesn’t work

during QT; you just keep getting new

dips. The Fed isn’t your friend in financial markets. They’ve got a bigger issue

in inflation they’re dealing with now.

Is there a bright side to this year’s

market declines?

It is healthy. Markets have a rhythm

to them. Every few years, they recalibrate, and then you can count on a

good three or four years. But you need

to have that recalibration, even if the

process is unpleasant. Just know that

it’s going to be a tough year, get your

portfolio to a place that’s reasonably

stable, and be patient.

Thanks, Rick. B

P:22

22 BARRON’S October 3, 2022

TECH TRADER The bear market in software stocks has already

lasted 10 months, far longer than the typical

decline, according to MoffettNathanson.

It’s Time toWade Back

Into Tech—Just Don’t

Expect Instant Gains

impact from macroeconomic weakness. But cloud-computing services

generally operate on a consumption

model, and it’s possible that customers in slowing businesses—video

streaming, online retailing, and social

media, to name a few—could moderate their cloud spending in the quarter. If that happens, I’d expect a brief

market freakout. But it would be

shortsighted.

In a research note this past week,

Redburn analyst Alex Haissl wrote that

in 2022 the three large cloud players

hoovered up a third of all incremental

global information technology spending. And the numbers get even more

impressive from here. He estimates that

Amazon Web Services, Microsoft

Azure, and Google Cloud will together

generate about $160 billion in revenue

this year, or less than 4% of Gartner’s

2022 estimate for $4.5 trillion in total

IT spending. But Haissl predicts that

by 2030 the hyperscalers will account

for more than 30% of total IT spending.

All three of those companies have

other important businesses, but over

time, they will start to look more and

more like pure-play bets on the cloud.

Could their stocks go lower from here?

Of course. But if you stash them for

2030, the rewards should be rich.

There are other ways to play the

cloud-computing trend. In a recent

note launching coverage of the enterprise-software sector, MoffettNathanson analyst Sterling Auty wrote

that the time had come to start moving back into the group. He reports

that the average bear market in software stocks lasts three months, and

that we’re already 10 months into this

one, “making it the longest software

bear market on record.” His view is

that demand is likely to remain robust, as companies continue their

“digital transformations,” particularly

with tight labor markets driving up

wages and boosting the urgency for

increased productivity.

Auty concedes that estimates and

guidance could ratchet lower for a few

more quarters, but he thinks valuations have come down enough to make

software stocks interesting. “We will

not claim we are able to pinpoint a

bottom or a top in software, but our

years of experience tell us that when

things are this far from ‘typical,’ it is

best to start moving in the opposite

direction,” he writes. “We are not suggesting the macro environment is suddenly going to turn for the better, in

fact the headwinds are likely to persist

and could impact estimates for a few

more quarters, but we believe that

sentiment is already being factored

into stock prices and investors seeing

the high growth in software relative to

other sectors could start coming in,

helping software sector performance.”

Auty set Outperform ratings on a

slew of software stocks, including

CrowdStrike (CRWD), Datadog

(DDOG), Intuit (INTU), Samsara

(IOT), Cloudflare (NET), RingCentral (RNG), Smartsheet (SMRT),

Snowflake (SNOW), and Zscaler (ZS).

He isn’t the only one on Wall Street

who thinks it’s time to nibble. Goldman Sachs portfolio manager Sung

Cho, who helps run two of the firm’s

technology funds, recently told me

that his funds have taken stakes in a

handful of software-as-a-service companies that continue to grow more

than 20% a year—and that have seen

huge valuation drops. Among his

funds’ picks: Atlassian (TEAM), Palo

Alto Networks (PANW), HubSpot

(HUBS), and Snowflake (SNOW).

Cho is also a big believer in another

secular trend—the increasing importance of the auto industry to the semiconductor sector. Cho has been avoiding chip stocks with any exposure to

PCs or other consumer end markets,

but he has built positions in a range of

semiconductor firms that supply car

companies, including ON Semiconductor (ON)—his favorite—as well as

NXP Semiconductor (NXPI), Infineon (IFNNY), Wolfspeed (WOLF),

and STMicroelectronics (STM).

“We own every chip name levered

to automotive,” he says. “Demand is

exploding.” Chips play a huge role not

only in electric vehicles and autonomous driving, but also in digital cockpit displays and connecting cars to the

web. Have these stocks hit bottom? I

have no idea. Will they be higher in 10

years? I’m confident they will be. B

By Eric J. Savitz

“We own every chip name levered

to automotive,” says Sung Cho, a

Goldman Sachs portfolio manager who

helps run two of the firm’s technology

funds. “Demand is exploding.”

One cruel truth the

stock market confirmed this past

week is that trying to pick the

bottom for technology stocks is a

fool’s errand. The Nasdaq Composite’s

terrible September—it was down 10.5%

on the month—has made the bottomfishing that took place over the summer look ill-advised. As I’ve noted before, the first downturn in tech earlier

this year was all about valuations. This

new phase of the decline is all about

softening earnings. When it comes to

price-to-earnings ratios, the market is

running into a denominator problem.

The market downturn, the weaker

economy, and the reversal of some pandemic-era trends have exposed weaknesses in the business models of companies such as Peloton Interactive

(ticker: PTON), Zoom Video Communications (ZM), Shopify (SHOP), Affirm Holdings (AFRM), and Snap

(SNAP), and investors have adjusted

valuations accordingly. But there are

still some powerful underlying secular

trends that should eventually drive

tech stocks higher. Investors with long

time horizons and strong stomachs

might consider inching into the market.

I have a few ideas on where to look.

Let’s start with the cloud. One thing

to watch in the coming wave of thirdquarter earnings reports is any sign of

a slowdown in the big three cloud-computing services from Amazon.com

(AMZN), Microsoft (MSFT), and

Alphabet (GOOGL). All three public

cloud services posted strong growth

Courtesy NXP

in the June quarter, with little obvious

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:23

October 3, 2022 BARRON’S 23

MARKET WEEK September 26 through September 30, 2022

Euro Trader P. 27

Emerging Markets P. 27

Striking Price P. 28

Commodities P. 29

Inside Scoop P. 30

13D Filings P. 30

Power Play P. 30

Charting the Market P. 31

Winners & Losers P. 32

Market View P. 33

Statistics P. 34

Dow Jones Industrials S&P 500 Nasdaq Composite Guest Index

Tuesday Wednesday Thursday

Source: Barron’s Statistics

Friday

Russell 2000

52-wk: -25.74% YTD: -25.86% Wkly: -0.89%

10,575.62 1664.72

52-wk: -16.32% YTD: -20.95% Wkly: -2.92% 52-wk: -17.71% YTD: -24.77% Wkly: -2.91% 52-wk: -27.40% YTD: -32.40% Wkly: -2.69%

28,725.51 3585.62

-4

-3

-2

3

2

1

-1

0

MARKET PERFORMANCE DASHBOARD

Second Thoughts

Major large-cap indexes couldn’t

hold on to early gains on Tuesday.

Small-caps bucked the trend,

with the Russell 2000 closing

up 0.4%.

Growling

The Dow Jones industrials fell

into a bear market on Monday,

down more than 20% from

their January record close.

Treasury yields continued

to rise.

Rally Time

Stock and bond prices surged

on Wednesday after the Bank

of England said it would buy

long-dated U.K. issues.

The Mighty Fall

Apple stock dropped 5% on

Thursday after BofA saw

softening demand for new

iPhones. Nike shares tumbled

13% on Friday on growing

inventory levels.

Monday Close

THE TRADER

It’s Still

ABear

Market.

Best to Act

Accordingly.

The stock market

desperately wants

to put in a low. The

Federal Reserve

won’t let it.

You wouldn’t

know that from

looking at the market this past week.

On the one hand, U.S. economic data

remains strong, as jobless claims fell

below 200,000 for the first time since

May, a sign that the Fed will have to

keep raising interest rates to slow down

inflation. On the other hand, the rest of

the world seems on the verge of imploding, with the mess in the United

Kingdom serving as Exhibit A.

The stock market didn’t take it all

that well. The Dow Jones Industrial

Average and the S&P 500 index both

dropped 2.9% for the week, while the

Nasdaq Composite fell 2.7%. All three

indexes finished the week at new 52-

week lows.

Given the amount of selling going

on, there might not be all that much left

to do, at least in the short term. Frank

Gretz of Wellington Shields notes that

at the end of trading on Monday, just

12% of the stocks in the Nasdaq 100

were above their 200-day moving averages, and just 4% were above their 50-

day moving averages.

“Of course these numbers could go

still lower, but the point is these are

numbers seen at lows,” Gretz writes.

“Even bear markets become temporarily washed out.”

If we’re lucky, the recent volatility

could be pointing to a near-term low.

After the index rose 2% on Wednesday,

Frank Cappelleri, founder of technicalanalysis firm CappThesis, noted that

the 10 days following 2% rises after big

drops have been among the best periods for the S&P 500 this year. That

was true even when it made new lows

immediately after the big move. The

index has just dropped more than 15%

in six weeks, he notes.

But it’s still a bear market, and likely

to stay that way. The situation in the

U.K., where pension funds almost blew

up thanks to some shortsighted financial engineering in the gilt market, is a

sign of just how fragile the financial

markets have become as the Fed raises

interest rates at the fastest pace in years.

It also raises the odds that another

blowup, perhaps a bigger one, is just

By Ben Levisohn

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:24

24 BARRON’S October 3, 2022

waiting to happen. “The U.K. has ‘averted’ a

financial crisis this week originated by the

most vanilla of investors in its deepest and

most important market,” writes Mike

O’Rourke of JonesTrading. “Imagine what

else is lurking out there.”

We might not have to imagine for long.

BofA Securities credit strategist Oleg Melentyev notes that the firm’s Credit Stress

Indicator hit the 74th percentile of readings

this past week, just a hair below the “critical

zone” level that signals real distress. “The

Fed will have to balance the objective to

[slow] the economy against the risk of unintended consequences from disrupting the

flow of credit,” he explains.

And even at S&P 500 3585.62, the market

doesn’t seem to be fully reflecting the potential chaos, says Richard Farr, chief market

strategist at Merion Capital Group. The index still trades at 15 times 2023 earnings,

down from its early-year peak but still near

its long-term average.

Maintaining that level could be difficult.

Earnings will have to increase by 8%, to

more than $240.01 per share, in 2023 for the

S&P 500 to justify current trading levels—

and that’s from estimates for $221.82 in 2022.

If 2023 turns out to be more like 2022, then

the index would trade at around 3300, down

8% from Friday’s close. And if 2022’s earnings come in closer to 2021’s $206.06, the

S&P 500 would project to 3090. “There are

so many potential land mines,” Farr says.

Be careful not to step on one.

A Call to Arms

Russia’s war on Ukraine appears to be entering a new, more dangerous phase, but

you wouldn’t know that from looking at

defense stocks in recent months. Their underperformance has created a buying opportunity for anyone who was reluctant to

buy the stocks after their early-year rip.

And what a rip it was. A basket of five—

Northrop Grumman (ticker: NOC), Lockheed Martin (LMT), General Dynamics

(GD), L3Harris Technologies (LHX), and

Leidos Holdings (LDOS)—has gained 5.8%

in 2022, far better than the S&P 500 index’s

24% drop. But over the past three months,

the stocks have started to act as if peace will

suddenly break out. The five have dropped

6.1% in that period, underperforming the

S&P 500’s 4.7% decline.

Of course, peace has done no such thing.

Russia just annexed four breakaway regions of Ukraine and is planning to call up

300,000 new troops to try to turn the tide

of the war, which has recently gone against

it. Ukraine President Volodymyr Zelensky

said he would defend all Ukrainians in

those territories, while President Joe Biden

called the annexations “fraudulent.” And

it’s not as if Ukraine is the only hot spot in

the world right now. Tensions between the

U.S. and China continue to ratchet up, with

Taiwan emerging as a point of contention.

It’s a dangerous world, and one that should

continue benefiting defense stocks.

Not everyone sees it that way. On

Wednesday, Wells Fargo analyst Matthew

Akers downgraded Lockheed Martin to Underweight from Equal Weight and L3Harris

to Equal Weight from Overweight. He argues that defense stocks, which are slightly

more expensive than the S&P 500, have

priced in much of the potential “good” news

that geopolitics could bring for the companies. Congress, meanwhile, could decide to

spend less on defense next year, limiting

their upside. If budget cuts are introduced,

as they were in 2011 with the Budget Control

Act, the stocks could fall as much as 40%.

“The bull case for defense seems clear—

geopolitical tensions are high and politicians

have discussed higher defense spending,”

Akers writes. “On the other hand, we think

2023 sets up as a difficult U.S. budget environment, with significant downside potential if tensions ease.”

But tensions look to be heating up, not

easing. And that could mean that the U.S.

defense budget could rise along with geopoVital Signs

Friday’s Week’s Week’s

Close Change % Chg.

DJ Industrials 28725.51 -864.90 -2.92

DJ Transportation 12058.26 -71.04 -0.59

DJ Utilities 888.47 -90.05 -9.20

DJ 65 Stocks 9679.49 -334.56 -3.34

DJ US Market 878.61 -24.66 -2.73

NYSE Comp. 13472.18 -324.81 -2.35

NYSE Amer Comp. 4071.89 +152.36 +3.89

S&P 500 3585.62 -107.61 -2.91

S&P MidCap 2203.53 -35.76 -1.60

S&P SmallCap 1064.95 -15.97 -1.48

Nasdaq 10575.62 -292.31 -2.69

Value Line (arith.) 7679.59 -148.72 -1.90

Russell 2000 1664.72 -14.87 -0.89

DJ US TSM Float 36097.99 -977.06 -2.64

Friday’s Week’s Week’s

Close Change % Chg.

Barron’s Future Focus 760.10 -15.40 -1.99

Barron’s Next 50 2063.78 -35.68 -1.70

Barron’s 400 836.84 -1.72 -0.21

LastWeek Week Earlier

NYSEAdvances 1,184 392

Declines 2,336 3,088

Unchanged 68 84

New Highs 52 63

New Lows 1,575 1,241

Av Daily Vol (mil) 4,895.2 4,266.4

Dollar (Finex spot index) 112.17 113.19

T-Bond (CBT nearby futures) 126-13 128-25

Crude Oil (NYM light sweet crude) 79.49 78.74

Inflation KR-CRB (Futures Price Index) 268.29 268.47

Gold (CMX nearby futures) 1662.40 1645.30

100%

50%

YES

Will the S&P 500 Index close

above 3,900.00 today?

$13.0065% Buy Yes $7.50

38% Buy No

65%

09-IB22-1568-HP

ibkr.com/etrader

A New Way to

Trade the Future

Member - NYSE, FINRA, SIPC. Options and Futures are not suitable for all investors. The amount you

may lose may be greater than your initial investment. Before trading options read the “Characteristics and

Risks of Standardized Options”. Before trading futures, please read the “CFTC Risk Disclosure”. For a

copy see ibkr.com/disclosures

IBKR EventTrader lets investors use event contracts

to trade their opinion on yes-or-no questions in key

markets.

Event contracts are a new streamlined way to access

key futures markets, and let you trade your view on

whether prices will move up or down by the end of

each day’s trading session. Markets include Equity

indexes, Energy, Metals and Foreign currencies.

To trade, just choose Yes or No on a given

event contract.

Put your market knowledge to work and start trading

event contracts today!

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:25

October 3, 2022 BARRON’S 25

Industry Action

Performance of the Dow Jones U.S. Industrials, ranked by weekly percent change.*

Oil & Gas 1.89%

–0.47 Basic Materials

–1.26 Health Care

–1.31 Consumer Services

–2.15 Industrials

–2.74 Telecommunications

–2.83 Financials

–3.82 Technology

–4.85 Consumer Goods

–8.60 Utilities

Source: S&P Dow Jones Indices

Visit www.sectorspdrs.com or call 1-866-SECTOR-ETF

FINANCIAL SECTOR OF

THE S&P 500 IN ONE ETF

An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a

prospectus, which contains this and other information, call 1-866-SECTOR-ETF or visit www.sectorspdrs.com. Read the

prospectus carefully before investing.

AllETFs aresubject to risk, including possible loss of principal. SectorETF products are alsosubject tosector risks and non-diversification risks, which generally

results in greater price fluctuations than the overallstock market. Ordinary brokeragecommissions apply.

The S&P 500 is an index of 500commonstocks that is generallyconsideredrepresentative of the U.S.stock market. Youcannot invest directly in an index.

ALPS Portfolio Solutions Distributor, Inc., aregistered broker-dealer, is distributor for the Select Sector SPDR Trust.



  

Join over 6,375 shareholders in exploring the

  

  

 



    

   discover your

  









An Investment

 

litical risks in 2024 and 2025, even if it

doesn’t rise much this coming year, explains

Bernstein analyst Douglas Harned.

In the past, rising defense budgets helped

defense stocks maintain higher valuations

and even outperform during recessions in

the 1970s, 1980s, 1990s, and right after the

attacks on the World Trade Center and the

Pentagon. They underperformed during the

2007-09 financial crisis, when military

spending had already peaked. Defense

stocks have also proven themselves to be

“uncorrelated with inflation, and can be an

attractive place to be in a high inflation environment,” Harned writes. “A perfect storm

[is] driving defense stocks higher.”

Harned rates both Northrop Grumman

and L3Harris Outperform, but prefers the

latter, which trades at 14.8 times 12-month

forward earnings to Northrop’s 17.8 times,

due to problems caused by supply-chain

issues and rising prices. “While we see that

exposure as temporary, it has put

[L3Harris’] 2022 guidance at risk,” writes

Harned, who has a $275 price target on the

stock, up 31% from Thursday’s close of

$209.35. “We expect any revenue and earnings shortfall would be pushed into 2023,

making this a buying opportunity.”

At least until peace breaks out.

Petrobras Stock Is a Steal

Chocolate and peanut butter go together;

falling oil prices and Brazilian political uncertainty most certainly do not. Yet Petrobras stock (PBR) may still be worth buying.

Yes, that sounds like a terrible idea, at

least at first glance. Petróleo Brasileiro, or

Petrobras, as it is more commonly known,

is the Brazilian national oil company, and

right now both factors are working against

it. The price of Brent crude, the global oil

benchmark, fell 8.8% in September, and

that caused the Energy Select Sector

SPDR exchange-traded fund (XLE) to

slump 11%.

Brazil, meanwhile, is staging its presidential election on Oct. 2, one that pits current

far-right President Jair Bolsonaro against

far-left former president “Lula” da Silva,

with Lula expected to win. A leftist government would be bad news for Petrobras,

which would likely become a tool of government policy rather than a vehicle for shareholder returns. Its stock slumped 14% in

September, more than five times the iShares

MSCI Brazil ETF’s (EWZ) 2.9% decline.

Yet J.P. Morgan analyst Rodolfo Angele

argues that Petrobras is still worth owning.

It’s not that the fears aren’t real. He notes

that Petrobras could be forced to sell oil at a

discount to international prices; could be

forced to buy more international crude and

mark it down for locals; and could be compelled to spend money on capital projects

that won’t deliver a solid return.

But at current levels, Petrobras stock,

which trades at just three times 12-month

forward earnings, might reflect those risks.

Price freezes wouldn’t cause Petrobras to

burn cash unless Brent rose above $100 a

barrel, though it would leave “money on the

table,” Angele says. Capital spending, which

has averaged around $12 billion a year over

the past five years, could spike to perhaps as

high as $17 billion, the peak in 2011, with

every $4 billion increase shaving 50 cents a

share off the target price, he adds.

Still, the upside potential is meaningful.

Even if a Lula government would force

Petrobras to take shareholder-unfriendly

actions, the stock could still gain more than

50% based on a 4% discount rate and $80

Brent crude. “We believe that, despite the

political noise that has been weighing on the

stock, Petrobras still provides decent cash

flows…and attractive upside even in a more

interventionist scenario,” Angele writes.

Right now, the stock looks too cheap to

pass up. B

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:26

26 BARRON’S October 3, 2022

F

edEx’s unexpected profit warning

may have delivered a buying opportunity for shares in Deutsche

Post DHL Group.

The global package-delivery and

supply-chain company’s stock (ticker:

DPW.Germany) was caught up in its

peer’s gloomy economic outlook, slipping

to 30.51 euros ($29.29), 15% below where

it was before FedEx’s warning in midSeptember. Those fears may have been

overdone, however, as Deutsche Post said

in August that it would meet its full-year

earnings-forecast range under a span of

economic scenarios.

CEO Frank Appel reiterated that

stance in an emailed statement to Barron’s: “While much remains uncertain

in the coming months, we have reconfirmed our Ebit [earnings before interest

and taxes] guidance for 2022 of €8 billion

(+/-5%).” He added that even if the global

economy falls sharply in the coming

months, the company still expects €7.6

billion to €8 billion.

In contrast, FedEx (FDX) withdrew its

full-year guidance entirely as it warned

that “macroeconomic trends significantly

worsened” later in the June quarter.

So, despite looming concerns over the

global economy, Deutsche Post’s recent

decline—down 45.5% this year—means

that the shares are worth another look.

The stock is cheap, for starters, trading at

eight times forward earnings, compared

with an average of more than 11 times

among its competitors.

There’s also the chance of an upside

surprise for full-year earnings. If business

performance is maintained at current

levels in the second half, Deutsche Post

said earnings would top €8.4 billion

($8.15 billion), beating its own forecasts.

Stifel analyst Johannes Braun described that tidbit as a “guidance raise

in disguise.” He has a Buy rating on the

stock with a target price of €70, implying

By Callum Keown of the market, says Tarun Pathak, research director at Indian consultant

Counterpoint Technology.

Modi has rolled out measures to support import substitution over the past

few years. Delhi slashed taxes to as low

as 17% for new manufacturing ventures.

It’s offering $30 billion in so-called production-linked incentives, which encourage companies to achieve scale. Late last

year it added $10 billion in subsidies for

semiconductor makers.

Structural change still takes a while.

India could ramp up quickly in low-margin assembly for Apple, Hosseini says.

Stealing the more lucrative components

business from China, not to mention Taiwan or South Korea, is more challenging.

“Companies still don’t get the feeling that

they can move out of China and stay costcompetitive,” he says.

India wants to have its cake and eat it

too policy-wise, Pathak adds, morphing

into an export power while maintaining

protective import tariffs. That could be

the biggest obstacle to Apple’s expansion

there. Hon Hai can most clearly benefit

from Apple’s shift to India. The firm’s

iPhone output now depends precariously

on two massive complexes in China.

Picking Indian manufacturers is less

straightforward. Dalton’s enthusiasm for

the sector is largely verbal so far. Investments are limited to two small-cap autoparts makers, Pasupuleti says: Sansera

Engineering (SANSERA.India) and MM

Forgings (MMFL.India).

The geopolitical wind is plainly at India’s back, however. U.S.-China tensions

have outlived Donald Trump’s presidency,

and arguably intensified under Joe Biden.

Beijing has flummoxed investors with

disruptive Covid-19 lockdowns, which

show no signs of letup. India has grabbed

the global growth mantle from China,

which may struggle to get back to 5%.

“India needs to grab this opportunity

with both hands,” Pasupuleti says. Judging by Apple’s move, it has a shot. B

EUROPEAN TRADER

Deutsche Post DHL

IsWorth Another Look

a 129% gain from here. Analysts covering

the stock don’t see that earnings scenario

as being far-fetched, forecasting Ebit of

€8.5 billion, per the FactSet consensus.

It’s worth noting that Deutsche Post

expects business-to-consumer, or B2C,

volumes to slow in the second half as

trends normalize. In another of its scenarios for a gradual economic slowdown,

earnings would still be in the upper half

of its range. That wouldn’t be a disaster

and doesn’t justify the stock’s recent dips.

The company also has an ace in the

pack—its DHL Express unit. The business

has about a 40% share of the premium

cross-border deliveries market. DHL Express has a presence in more than 220

countries and territories worldwide and

operates more than 320 dedicated aircraft

across its network.

The Express segment’s revenue grew

17%, to €13.4 billion, in the first half of

2022, accounting for close to 30% of total

revenue. Analysts see Express’ full-year

revenue reaching €24.5 billion, or 13%

annual growth. The company’s air, ocean,

and land freight division was the biggest

revenue driver in the first half, and although the high freight rates of earlier in

the year are likely to normalize, it is still

on track for a strong year.

“Deutsche Post DHL remains the most

structurally attractive business among the

larger names,” wrote J.P. Morgan analyst

Samuel Bland in a note. That’s mainly

down to the Express business, he added.

While the B2C part of Express will probably struggle in the next year, the long-run

outlook is still positive, he said. He has a

Buy rating and a target price of €52.50.

Deutsche Post is popular among analysts who cover the stock, with about 83%

rating it as Buy. The average target price of

€56.39 is an 85% jump from recent prices.

Deutsche Bank raised its target to €43

from €40 in September, saying the stock

is “one for the long term—buy any dips.”

A dip has come around and investors

should take a closer look. B

EMERGING MARKETS

India Continues to Lure

Manufacturing Ventures

For Apple investors, the big recent news was the company

trimming its iPhone production

targets to a mere 90 million for

the second half of 2022.

For India watchers, it was something

else. Apple (ticker: APPL) launched production of its spanking new iPhone 14 in

the Indian city of Chennai, just weeks

after its flagship factories in China.

That could be the start of a dramatic

trend. A quarter of the world’s iPhones

will be assembled in India by 2025, up

from 3% now, analysts at J.P. Morgan

predict. “For iPhone, India appears to be

the ideal location to diversify the supply

chain away from mainland China,” they

write. They expect other Apple products

to gravitate toward Vietnam.

It isn’t just phones. Prime Minister Narendra Modi’s long-promised Make in India

initiative is finally gaining traction in industries from auto components to pharmaceutical chemicals, says Venkat Pasupuleti,

portfolio co-manager for India at Dalton

Investments. “There’s a structural change

going on right in front of our eyes.”

Vietnam is way ahead of India in precision manufacturing. Apple rival Samsung Electronics (005930.Korea) already makes half its phones there. India’s

strengths are in high-level engineering.

Microchip designers like Qualcomm

(QCOM) and Intel (INTC) employ tens of

thousands of brains there.

More to the point probably for Apple

and its Taiwan-based production partner

Hon Hai Precision Industry (2354.Taiwan), better known as Foxconn, is a population of 1.4 billion, whose appetite for prestige products may burgeon as the economy

grows an expected 6%-plus annually.

“For Apple, India is the last great untapped geography,” says Mehdi Hosseini,

senior tech analyst at Susquehanna International Group. Premium handsets like

the iPhone currently account for just 7%

By Craig Mellow

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:27

October 3, 2022 BARRON’S 27

THE STRIKING PRICE Many institutional investors have long feared that

central banks overplayed their hands by cutting

interest rates to historically low levels.

The nightmare is here.

More than two decades of

seductively lower interest rates

have created an inflationary

maelstrom that the world’s central banks

are struggling to contain. The lower-forlonger mind-set helped the global economy

avoid one major crisis after another, but it

created an inflationary monster that will be

painful to kill.

Everyone knows that central banks are

raising rates to regain mastery of the situation, but no one knows if the global economy will enter a recession, or worse.

Many institutional investors have long

feared—and often discussed among themselves while stock prices surged to record

highs—that the Federal Reserve and other

central banks overplayed their hands since

2000 or so by cutting interest rates to historically low levels. The fear was, and is,

that low rates were backing central banks

into the ropes and would make it hard to

battle mighty economic forces.

Many pundits and strategists are as dour

today as they were bullish during the summer. Analysts are cutting corporate earnings estimates. Investor sentiment is sour.

Almost everywhere one turns, predictions

about the future are unnerving.

What almost no one publicly admits is

that the real money is often made during

market chaos and extreme investor anxiety.

If that interests you, learn to be comfortable

being uncomfortable. Think of ways to benefit from fear.

Elevated options volatility may be a tool

you can use to achieve your ends. When

volatility is high and stocks are low, investors can sell high in the options market to

buy low in the stock market. Just make sure

you understand the risks.

The Cboe Volatility Index, or VIX, is

back above 30. We have previously suggested that investors view VIX at 30 as

a potentially enticing level to sell puts on

blue-chip stock that can be warehoused for

By Steven M. Sears

Times Like These Are

Made for a Stairway to Hell

three to five years. Since it now seems that

the VIX might trade even higher, long-term

investors can think about what might be

called a Stairway to Hell strategy.

What will you do if VIX hits 40? What

will you do at VIX 50? At those levels, the

fear premium in bearish put options will be

stratospheric because stocks will probably

be trading sharply lower.

If you do nothing, it’s OK. You can watch

stocks burn like oil on water, which is what

will happen if the VIX surges.

If you have time and money—and you

can afford to be illiquid while waiting for

the markets to recover—think about what

you might buy and how you might buy it.

In times of duress, money and time are rare,

and that makes it a powerful combination

when the market mob is mad with fear.

Consider T-Mobile US (ticker: TMUS),

a provider of cellular service that has

emerged as a heavyweight in the category.

Goldman Sachs has listed the company as

one of its High Quality Stock constituents

the bank has recommended to clients during the current troubles.

With T-Mobile stock at $134.17, the November $120 put could be sold for about

$2.25. If the stock is above the strike price at

expiration, investors can keep the put premium. If the stock is below the strike at

expiration, investors are obligated to buy

the stock at an effective price of $117.75.

The great risk is that the stock—up some

16% so far this year—is dragged down with

everything else. Still, the company said in

early September that it planned to spend

$14 billion to buy back stock through September 2023. The company earlier said it

would spend about $60 billion on stock

buybacks from 2023 to 2025. That means a

massive buyer exists that is ready to buy the

stock—especially if it weakens. B

Steven M. Sears is the president and chief operating officer of Options Solutions, a specialized

asset-management firm. Neither he nor the firm

has a position in the options or underlying securities mentioned in this column.

Equity Options

CBOE Volatility Index

VIX Close VIX Futures

14

22

30

38

N D J F M A M J J A S

Daily Values Source: CBOE

The Equity-Only Put-Call Ratio

Put-Call Ratio S&P 500 Index

40

90

140

190

240

290

N D J F M A M J J A S

Source: McMillan Analysis Corp.

SPX Skew

Implied volatility %

7

8

9

10

11

12

13

14

15%

N D J F M A M J J A S

Source: Credit Suisse Equity Derivatives Strategy

NDX Skew

Implied volatility %

7

8

9

10

11

12

13%

N D J F M A M J J A S

Source: Credit Suisse Equity Derivatives Strategy

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.

Week’s Most Active

Company Symbol Tot Vol Calls Puts Avg Tot Vol IV %ile Ratio

Acumen Pharmaceuticals ABOS 21909 10291 11618 132 93 166.0

Equillium EQ 5200 3037 2163 52 94 100.0

American Axle AXL 40041 30463 9578 1060 70 37.8

Immunovant IMVT 3150 2396 754 120 93 26.3

Endeavor EDR 15264 14758 506 1260 67 12.1

Altus Power AMPS 8747 5048 3699 736 93 11.9

Biogen BIIB 151250 77740 73510 12724 75 11.9

Prothena PRTA 10519 3618 6901 1012 85 10.4

Starwood Property Trust STWD 129489 8245 121244 13708 88 9.4

Universal Insurance UVE 4184 722 3462 524 99 8.0

RealReal REAL 35209 34109 1100 4468 99 7.9

Spirit Airlines SAVE 199047 134538 64509 29604 15 6.7

Grove Collaborative GROV 10057 7897 2160 1592 80 6.3

Nano-X Imaging NNOX 25579 23352 2227 4052 21 6.3

CarMax KMX 79069 38700 40369 12776 92 6.2

Sunnova Energy NOVA 38932 11538 27394 7352 51 5.3

Worthington Industries WOR 5932 3719 2213 1192 69 5.0

Canadian National Railway CNI 15257 5480 9777 3168 93 4.8

Safe Bulkers SB 16554 13099 3455 3416 58 4.8

Cracker Barrel CBRL 7620 3056 4564 1836 62 4.2

This table of the most active options this week, as compared to average weekly activity – not just raw volume. The idea is that the unusually heavy trading in these options might be a predictor of

corporate activity – takeovers, earnings surprises, earnings pre-announcements, biotech FDA hearings or drug trial result announcements, and so forth. Dividend arbitrage has been eliminated. In

short, 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

Ratio is the Tot Vol divided by Avg Tot Vol. IV %ile is how expensive the options are on a scale from 0 to 100. Source: McMillan Analysis

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:28

28 BARRON’S October 3, 2022

COMMODITIES

Lithium Shortages

Will Keep Prices High

Lithium prices have tripled in a

year, and the chemical element,

which is used in batteries for

electric vehicles, faces a longterm supply shortage.

The problem “is largely due to increasing

demand for electric vehicles and the inelastic nature of supplies,” says Alec Lucas, a

research analyst at Global X. Bringing new

production capacity online can take three to

five years or more “for studies, permitting,

capital raising, and capital expenditure before any lithium is produced.”

The August reading for the lithium

price index, which is tied to the global

weighted average price for lithium carbonate and hydroxide—two primary lithium

chemicals—stood at 1,024.9, up 307% year

over year and 122% this year, according to

Benchmark Mineral Intelligence.

Cameron Perks, senior lithium analyst

at Benchmark, believes that “we are already in a supply shortage, as evidenced

by current and sustained high prices.”

Benchmark’s battery-grade lithium carbonate price within China has climbed to

just over $70 per kilogram from a bit

below $19 a year ago, he says. “It’s fairly

simple, really. There just isn’t enough

lithium available.”

“Considering that it can take over a

decade from mine to discovery, there is

naturally a lag,” Perks adds. “Eventually,

investment will allow supply to catch up,

but this will take time.”

For 2022, supply and demand appear to

be balanced. The lithium chemical supply

is forecast at 671,782 metric tons of lithium

carbonate equivalent this year, with demand forecast at 670,406 metric tons, according to an August report by Alice Yu, a

senior analyst at S&P Global Commodity

Insights. That points to a surplus of 1,376

metric tons, and compares to an estimated

deficit of 4,429 in 2021, the report says.

Battery applications are driving about

75% of lithium demand in 2022, primarily for electric vehicles and grid energy

storage, says Tony Fusco, president of

Blue Horizon Capital, the firm behind the

Blue Horizon BNE exchange-traded

fund (ticker: BNE), which provides exposure to the new energy economy, a term

that refers to a transition from fossil fuels

to renewable-energy sources.

Whether supply can keep up with demand next year isn’t the issue, says

Fusco. “The gap widens as we approach

2030,” he warns.

The Biden administration has set a goal

for half of all new cars and trucks sold in

2030 to be zero-emissions vehicles. “Clean

energy is at an inflection point, creating

long-term investment opportunities,” says

Charl Malan, senior analyst for the VanEck Natural Resources Equity Strategy.

Globally, sales of electric cars doubled in

2021 to a record of 6.6 million, according to

the International Energy Agency.

China and Europe are set to drive

global EV demand in the near term, says

Malan, while Australia and Chile are “in

the front row” regarding lithium supply

and reserves.

China’s electric-vehicle market is the

largest in the world. And that nation

maintains “dominant market shares in

lithium chemical processing, cathode and

anode production, and lithium-ion cell

manufacturing—industries that all contribute to demand for raw lithium, says

Global X’s Lucas.

For the “next several years, the inelastic

nature of lithium supply simply will not be

able to keep up with the projected increases in demand for EVs,” he says, although supply dynamics may stabilize

around 2025 or 2026, as new capacity has

a chance to enter the market.

Lucas believes it is a “good time to invest in the lithium market, given that the

long-term growth prospects for [electric

cars and trucks] and energy storage remain strong, and both technologies will

likely require lithium for the foreseeable

future.” B

By Myra P. Saefong

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:29

October 3, 2022 BARRON’S 29

INSIDE SCOOP

Adobe’s Chief Financial

Officer Boughtthe Dip

the stock since joining the company in

October 2021. Most of his other shares

were gleaned through grants of restricted stock units.

Adobe didn’t respond to a request

to make Durn available for comment.

Durn is the first Adobe insider to

buy stock on the open market since

director Laura Desmond paid

$500,000 on Jan. 6 and 7 for 973

shares, at an average price of $513.64.

Desmond is the founder and CEO of

strategic advisory and investment firm

Eagle Vista Partners.

At least one analyst thinks that

Adobe is a buy after the slump. Bernstein’s Mark Moerdler writes in a report that the selloff “is overblown,

given the quality of the business, the

drivers of the acquisition, and opportunities Figma presents to Adobe.”

Positive “sentiments will return” once

the deal closes, he adds. Moerdler

rates the stock Outperform. B

Adobe stock

tumbled after the

company agreed

to acquire Figma.

Adobe Chief

Financial Officer

Dan Durn bought

up nearly $1

million of stock.

14 at prices ranging from $22.75 to

$22.86. Magnetar is probably making an arbitrage play, as earlier in

September, ChannelAdvisor announced that it had agreed to be

acquired by CommerceHub for

$23.10 per share in cash. That valued ChannelAdvisor at about $665

million. The deal is expected to

close by the end of this year. B.

Riley analyst Zach Cummins

wrote in early September that “it is

unlikely that a meaningfully

higher offer is forthcoming.”

Increases

In Holdings

Circor (CIR)

Gamco Investors (GBL) boosted

its stake in the provider of flowcontrol products and services for

the industrial and aerospace and

defense markets. Gamco

subsidiaries bought a net 205,949

Circor shares for $3.7 million from

Aug. 12 through Sept. 21, lifting

Gamco’s Circor holdings to

2,229,605 shares, a 10.95% position. Circor on Sept. 30 reported

second-quarter earnings of 19

cents a share, compared with a

loss of 93 cents a year earlier.

Brightcove (BCOV)

Edenbrook Capital has increased

its holding in the cloud-based

video-services firm to 5,116,189

shares. Edenbrook purchased

296,022 shares at prices ranging

from $5.85 to $6.77 apiece from

July 25 through Sept. 23. Following

the fresh investment, Edenbrook

holds 12.2% of Brightcove’s tradable stock.

Brightcove CEO Marc DeBevoise started his tenure on March

28 of this year, succeeding Jeff

Ray, who retired. DeBevoise previously served as the chief digital

officer of ViacomCBS, the predecessor of Paramount Global

(PARA). In early September,

Rosenblatt Securities analyst

Steve Frankel initiated coverage of

Brightcove stock at Neutral with

an $8 price target. Frankel wrote

that “there is much to like at

Brightcove,” but that “there is a lot

of hard work to be done.”

Freshpet

Pressured

By Activist

POWER PLAY

A

dobe stock tumbled after

the software giant announced an acquisition.

Soon thereafter, Chief Financial Officer Dan Durn

bought nearly $1 million of

shares.

Adobe (ticker: ADBE) announced

on Sept. 15 that it had agreed to buy

collaboration-software firm Figma for

$20 billion. Investors didn’t like the

deal, and Adobe stock tumbled 17%

that day, to close at $309.13. The shares

continued to fall in the following days,

hitting a 2½-year intraday low of

$274.73 on Sept. 27.

Durn paid $936,360 on Sept. 22 for

3,250 shares, an average price of

$288.11, according to a filing with the

Securities and Exchange Commission.

He now owns 8,948 Adobe shares. It

was his first open-market purchase of

BY ED LIN U

nder pressure from

an activist investor,

pet-food maker Freshpet has hired bankers

to explore a potential

sale of itself, according

to two people familiar

with the situation.

Activist hedge fund Jana Partners recently took a 10% stake in

Freshpet (ticker: FRPT), saying

that it wanted to talk with the company’s board and management

team about operational improvements and a potential sale, according to a regulatory filing. Freshpet,

known for selling upscale pet food

and treats, is undervalued and represents an attractive investment

opportunity, Jana said in the filing.

“We welcome new investors in

Freshpet and look forward to hearing Jana’s perspectives,” Freshpet

said in a statement. A spokesman

declined further comment.

Freshpet has hit bumps recently.

In August, it posted a second-quarter loss that was bigger than Wall

Street expected, and cut guidance.

Freshpet CEO Billy Cyr blamed inflation and short-term operating

challenges that affected the company’s bottom line.

Freshpet’s stock has plunged

about 73% from a 52-week high

of $184.82 on April 30, 2021.

Despite these issues, Freshpet,

which has a market value of about

$2.4 billion, could generate acquisition interest. One good comp is

Mars’ recent acquisition of Nom

Nom, a direct-to-consumer petfood company, that was said to be

valued at $1 billion. Potential bidders for Freshpet could include

strategic acquirers such as Mars,

Nestlé (NSRGY), General Mills

(GIS), Colgate-Palmolive (CL),

and J.M. Smucker (SJM), as well

as private-equity firms. B

BY LUISA BELTRAN

Activist Holdings

Masimo (MASI)

Politan Capital exercised physically settled swaps on Sept. 23 that

resulted in the delivery of 4,294,369

shares of the noninvasive medicalsensor maker. Politan now holds

4,648,869 Masimo shares, equal

to 8.8% of its outstanding stock.

Politan also disclosed that on Sept.

2, its managing partner and chief

investment officer, Quentin Koffey,

had met with Masimo management

and expressed interest in joining

Masimo’s board. Politan noted that

on Sept. 9, the board had adopted a

“poison pill” and amended corporate

bylaws requiring additional conditions

for board nominations and/or elections. In response, Politan communicated to Masimo on Sept. 20 its concerns with the changes and requested

that the amendments be removed.

Original Filings

ChannelAdvisor (ECOM)

Magnetar Capital disclosed a stake

in the e-commerce-services company

of 1,738,756 shares, or 6% of the outstanding stock. All of those shares

were purchased from Sept. 6 through

These disclosures are

from 13Ds filed with

the Securities and

Exchange Commission.

13Ds are filed within

10 days of an entity’s

attaining more than

5% in any class of a

company’s securities.

Subsequent changes

in holdings or intentions must be reported in amended

filings. This material is

from Sept. 22 through

Sept. 28, 2022.

Source: VerityData

(verityplatform-

.com)

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:30

30 BARRON’S October 3, 2022

CHARTING THE MARKET A graphic look at selected stock activity

for the week ended September 30, 2022.

Edited by Bill Alpert

The charts record the net change in share price, the high, low and closing trades, and share volume for companies with noteworthy stock activity last week. In addition, the graphs depict last week’s daily price activity in detail. The dotted line on some graphs denotes the stock’s 200-day moving average; lack of a moving average means the shares have traded for less than

that time period. If the close from the current week is lower than a year ago the graph will be presented in red. If the close from the current week is higher than a year ago then the graph will be presented in green.

Carnival

CCL (NYSE) • $7.03 • -1.92

5

10

15

20

25

30

Stock Price $

0

240

O N D J F M A M J J A S

480

Volume in Millions

The cruise line’s August-quarter results improved

markedly over a year ago, but the company’s 65

cents a share loss exceeded forecasts 0f 11 cents.

Nike

NKE (NYSE) • $83.12 • -13.90

82

102

122

142

162

182

Stock Price $

0

48

O N D J F M A M J J A S

96

Volume in Millions

August-quarter sales and earnings beat forecasts,

but inventory pileups pinched gross margins. The

athletic-gear maker expects a further margin drop.

Coinbase Global

COIN (NASD) • $64.49 • 2.61

40

106

172

238

304

370

Stock Price $

0

107

O N D J F M A M J J A S

214

Volume in Millions

Wells Fargo launched coverage of the cyrpto trading

platform with a Sell rating and $57 price target,

citing competition, falling fees, and political pressure.

Biogen

BIIB (NASD) • $267.00 • 69.22

187

210

233

256

279

302

Stock Price $

0

15

O N D J F M A M J J A S

30

Volume in Millions

The experimental drug lecanemab slowed cognitive

decline in patients with early-stage Alzheimer’s,

Investors rallied around Biogen and its partner Eisai.

Netflix

NFLX (NASD) • $235.44 • 9.03

162

270

378

486

594

702

Stock Price $

0

126

O N D J F M A M J J A S

252

Volume in Millions

Liking the prospects for the streaming service’s new

ad-supported offerings, an analyst at Atlantic Equities raised his rating from Neutral to Overweight.

Las Vegas Sands

LVS (NYSE) • $37.52 • 2.05

28

34

40

46

52

58

Stock Price $

0

46

O N D J F M A M J J A S

92

Volume in Millions

As Covid subsides, China will let tour groups return

to the casinos on the island of Macau in November.

Las Vegas Sands and Wynn Resorts could win.

Rent-A-Center

RCII (NASD) • $17.51 • -5.33

17

26

35

44

53

62

Stock Price $

0

6

O N D J F M A M J J A S

12

Volume in Millions

The home furnishings rental chain warned that

inflation is hurting its customers. Septemberquarter results will be dented. Its CFO left.

Prothena

PRTA (NASD) • $60.63 • 29.89

21

33

45

57

69

81

Stock Price $

0

9

O N D J F M A M J J A S

18

Volume in Millions

With the success of an Alzheimer’s drug trial by

Biogen and Eisai, investors lifted Prothena, which is

developing similar drugs.

CarMax

KMX (NYSE) • $66.02 • -13.47

63

82

101

120

139

158

Stock Price $

0

15

O N D J F M A M J J A S

30

Volume in Millions

Blaming the economy, the used-car dealer reported

August-quarter earnings of 79 cents a share. Wall

Street had forecast $1.39. Comp-store sales fell 8%.

Peloton Interactive

PTON (NASD) • $6.93 • -1.58

6

29

52

75

98

121

Stock Price $

0

247

O N D J F M A M J J A S

494

Volume in Millions

The maker of networked home-exercise gear will

make its products available at Dick’s Sporting Goods

stores. Peloton’s marketing chief left the company.

NIO

NIO (NYSE) • $15.77 • -1.87

11

18

25

32

39

46

Stock Price $

0

323

O N D J F M A M J J A S

646

Volume in Millions

The electric car maker began deliveries in China of

a model that’s competitive with Tesla’s Model 3. Nio

plans to enter Europe, but tariffs will be high.

Chegg

CHGG (NYSE) • $21.07 • 2.12

15

30

45

60

75

90

Stock Price $

0

67

O N D J F M A M J J A S

134

Volume in Millions

Needham raised its rating to a Buy, with a $28

price target, saying the online education service

will recover from its post-Covid slump.

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:31

October 3, 2022 BARRON’S 31

WINNERS & LOSERS Saturday Inbox: Sign up for the

Market Lab Newsletter every Saturday

at Barrons.com/newsletters

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

NYSE Biggest % Movers

Winners

Name (Sym) Volume Close Change %Chg.

F45Training(FXLV) 38802 3.09 +0.93 +43.1

BlueApron(APRN) 48179 5.78 +1.34 +30.2

Innovid(CTV) 2822 2.71 +0.61 +29.0

LocalBounti(LOCL) 1029 2.84 +0.58 +25.7

PeabodyEnergy(BTU) 30902 24.82 +4.92 +24.7

CoeurMining(CDE) 34233 3.42 +0.64 +23.0

Workiva(WK) 4435 77.80 +14.34 +22.6

D-WaveQuantum(QBTS) 569 7.87 +1.44 +22.4

Losers

Name (Sym) Volume Close Change %Chg.

SunlightFinl(SUNL) 27397 1.24 –1.62 –56.6

TerranOrbital(LLAP) 6045 1.77 –0.82 –31.7

RiteAid(RAD) 21982 4.95 –2.06 –29.4

AmpriusTech(AMPX) 5073 9.22 –3.72 –28.7

RubiconTech(RBT) 323 2.13 –0.77 –26.6

AMTD Digital(HKD) 2047 46.80 –16.79 –26.4

GroveCollab(GROV) 10380 2.24 –0.73 –24.6

Allego(ALLG) 1801 4.36 –1.36 –23.8

NYSE American Biggest % Movers

Winners

Name (Sym) Volume Close Change %Chg.

EVI Industries(EVI) 102 18.14 +3.96 +27.9

BK Tech(BKTI) 105 2.41 +0.36 +17.6

IndonesiaEnergy(INDO) 8697 6.46 +0.86 +15.4

EquinoxGold(EQX) 16398 3.65 +0.46 +14.4

DecisionPointSys(DPSI) 195 6.37 +0.76 +13.5

SilverCrestMetals(SILV) 5823 5.53 +0.61 +12.4

CentrusEnergy(LEU) 1380 40.98 +4.33 +11.8

RileyExpln(REPX) 488 18.98 +1.83 +10.7

Losers

Name (Sym) Volume Close Change %Chg.

AirspanNetworks(MIMO) 152 2.02 –0.58 –22.3

1847Holdings(EFSH) 138 1.61 –0.43 –21.1

FreshVineWine(VINE) 34 1.77 –0.31 –14.9

ArmataPharm(ARMP) 14 4.22 –0.70 –14.2

RegionalHealth(RHE) 43 2.43 –0.35 –12.6

AcmeUnited(ACU) 37 23.02 –3.30 –12.5

LairdSuperfood(LSF) 296 1.82 –0.25 –12.0

Cel-Sci(CVM) 699 3.09 –0.41 –11.7

Nasdaq Biggest % Movers

Winners

Name (Sym) Volume Close Change %Chg.

AcumenPharm(ABOS) 78530 10.03 +5.40 +116.6

Prothena(PRTA) 17593 60.63 +29.89 +97.2

LavaTherap(LVTX) 50023 4.57 +2.17 +90.4

PepGen(PEPG) 12086 9.08 +4.10 +82.3

BTRS(BTRS) 90195 9.26 +3.49 +60.5

KLX Energy(KLXE) 2148 8.23 +3.01 +57.7

AN2 Therap(ANTX) 247 17.38 +6.18 +55.2

Akouos(AKUS) 697 6.76 +2.32 +52.3

Losers

Name (Sym) Volume Close Change %Chg.

NanoLabs(NA) 2617 1.61 –2.36 –59.4

FLJ(FLJ) 14 1.85 –0.89 –32.6

5EAdvMatls(FEAM) 3268 10.16 –4.76 –31.9

PrestoTechnologies(PRST) 1686 2.05 –0.95 –31.7

Mondee(MOND) 182 7.81 –2.98 –27.6

HomePtCap(HMPT) 395 1.54 –0.55 –26.3

RainTherap(RAIN) 170 4.88 –1.72 –26.1

AirT(AIRT) 88 17.12 –5.38 –23.9

NYSE Most Active

Volume Percentage Leaders

Name (Sym) Volume %Chg. Close Change

ExecutiveNtwkA(ENPC) 3215 1083.9 9.98 +0.05

AcropolisInfrA(ACRO) 4589 1054.1 9.70 +0.01

AngelPondA(POND) 665 1006.1 9.83 –0.02

NorthernStrIII A(NSTC) 1821 935.0 9.85 +0.04

VyGlblGrowthA(VYGG) 10237 885.0 10.03 +0.02

MetalsAcqn(MTAL) 629 761.9 9.79 +0.02

PG&E(PCG) 521314 711.7 12.50 –0.11

FirstLightAcqnA(FLAG) 1817 709.9 9.85 –0.11

Natuzzi(NTZ) 292 709.5 6.20 –0.78

LiveWire(LVWR) 5742 530.6 7.18 –0.60

Canon(CAJ) 6938 471.9 21.80 –0.62

AltusPower(AMPS) 18137 428.8 11.01 –0.82

DirectSellingA(DSAQ) 370 398.8 10.13 +0.02

RCF Acqn A(RCFA) 434 381.5 10.09 +0.02

RocketInternetA(RKTA) 954 374.6 9.91 +0.02

AP Acqn A(APCA) 512 373.8 10.17 +0.02

CarMax(KMX) 29106 350.5 66.02 –13.47

MisterCarWash(MCW) 34006 344.8 8.58 –0.05

ProvidentFinSvcs(PFS) 5828 336.0 19.50 –3.79

Supernova III A(STRE) 959 315.0 9.90 +0.01

By Share Volume

Name (Sym) Volume Close Change %Chg.

PG&E(PCG) 521314 12.50 –0.11 –0.9

Carnival(CCL) 479565 7.03 –1.92 –21.5

FordMotor(F) 404653 11.20 –1.11 –9.0

ItauUnibanco(ITUB) 275004 5.17 –0.20 –3.7

AT&T(T) 245193 15.34 –0.67 –4.2

Vale(VALE) 226010 13.32 +0.28 +2.1

PalantirTech(PLTR) 214369 8.13 +0.73 +9.9

NIO(NIO) 210864 15.77 –1.87 –10.6

BankofAmerica(BAC) 199081 30.20 –1.53 –4.8

Ambev(ABEV) 182773 2.83 –0.05 –1.7

PetroleoBrasil(PBR) 175134 12.34 –0.21 –1.7

SouthwesternEner(SWN) 160721 6.12 –0.16 –2.5

Transocean(RIG) 159247 2.47 +0.11 +4.7

AMC Ent(AMC) 139954 6.97 –1.02 –12.8

EQT(EQT) 137414 40.75 –0.51 –1.2

KinderMorgan(KMI) 137082 16.64 +0.11 +0.7

GinkgoBioworks(DNA) 137058 3.12 +0.32 +11.4

NuHoldings(NU) 135081 4.40 –0.32 –6.8

XPeng(XPEV) 134873 11.95 –1.76 –12.8

EnergyTransfer(ET) 132944 11.03 +0.49 +4.6

By Dollar Volume

Name (Sym) $ Volume Close Change %Chg.

Visa(V) 8623810 177.65 –6.31 –3.4

ExxonMobil(XOM) 8484581 87.31 +1.56 +1.8

Nike(NKE) 8372983 83.12 –13.90 –14.3

EliLilly(LLY) 7928562 323.35 +11.89 +3.8

OccidentalPetrol(OXY) 7520592 61.45 +2.72 +4.6

BerkHathwy B(BRK.B) 7456348 267.02 –0.75 –0.3

JPMorganChase(JPM) 7444932 104.50 –4.64 –4.3

Alibaba(BABA) 7175319 79.99 +1.19 +1.5

UnitedHealth(UNH) 7121298 505.04 –8.57 –1.7

J&J(JNJ) 6950317 163.36 –3.36 –2.0

PG&E(PCG) 6537368 12.50 –0.11 –0.9

Chevron(CVX) 6496299 143.67 –1.10 –0.8

HomeDepot(HD) 6319426 275.94 +5.00 +1.8

BankofAmerica(BAC) 6137546 30.20 –1.53 –4.8

Mastercard(MA) 5918298 284.34 –9.24 –3.1

BerkHathwy A(BRK.A) 5853793406470.00+1984.80 +0.5

Salesforce(CRM) 5728795 143.84 –3.17 –2.2

Disney(DIS) 5585370 94.33 –5.17 –5.2

EQT(EQT) 5557430 40.75 –0.51 –1.2

Procter&Gamble(PG) 5520962 126.25 –9.33 –6.9

NYSE American Most Active

Volume Percentage Leaders

Name (Sym) Volume %Chg. Close Change

Ashford(AINC) 139 280.8 13.48 +0.48

RileyExpln(REPX) 488 109.6 18.98 +1.83

DecisionPointSys(DPSI) 195 86.6 6.37 +0.76

MAG Silver(MAG) 4025 66.4 12.48 +0.71

Electromed(ELMD) 93 65.3 10.25 +0.14

CompX Intl(CIX) 47 53.0 16.24 –0.70

DeltaApparel(DLA) 155 52.2 13.99 –1.39

CentrusEnergy(LEU) 1380 37.1 40.98 +4.33

EvolutionPetrol(EPM) 1661 35.3 6.96 +0.13

CheniereEnergy(LNG) 17397 34.2 165.91 +10.73

BM Tech(BMTX) 317 33.1 6.69 +0.29

MastechDigital(MHH) 60 31.9 14.77 –0.53

ParkNational(PRK) 202 29.8 124.48 –3.12

AcmeUnited(ACU) 37 27.9 23.02 –3.30

CheniereEnerPtrs(CQP) 1464 17.5 53.36 +1.60

AdamsRes(AE) 70 17.0 29.80 +0.80

TompkinsFin(TMP) 196 5.1 72.62 –2.40

NatlHealthcare(NHC) 175 5.1 63.34 –4.48

EnergyFuels(UUUU) 15729 2.9 6.12 +0.53

Chase(CCF) 116 –2.7 83.57 –0.18

By Share Volume

Name (Sym) Volume Close Change %Chg.

CamberEnergy(CEI) 131422 0.19 –0.00 –1.8

Tellurian(TELL) 89324 2.39 +0.05 +2.1

RaMedicalSys(RMED) 76930 0.12 –0.01 –7.1

B2Gold(BTG) 50025 3.22 +0.24 +8.1

UraniumEner(UEC) 43211 3.50 +0.22 +6.7

GranTierraEner(GTE) 35123 1.21 +0.06 +5.2

DenisonMines(DNN) 34120 1.19 +0.11 +10.2

Zomedica(ZOM) 29843 0.21 +0.00 +0.9

BitNile(NILE) 29190 0.18 –0.01 –4.6

AmpioPharm(AMPE) 26170 0.06 –0.01 –19.5

Globalstar(GSAT) 25333 1.59 –0.01 –0.6

iBio(IBIO) 23590 0.17 –0.17 –50.6

TimberPharm(TMBR) 20112 0.12 +0.01 +7.2

CheniereEnergy(LNG) 17397 165.91 +10.73 +6.9

EquinoxGold(EQX) 16398 3.65 +0.46 +14.4

EnergyFuels(UUUU) 15729 6.12 +0.53 +9.5

NewGold(NGD) 15559 0.88 +0.09 +11.4

Senseonics(SENS) 13299 1.32 0.00 0.0

NovaGoldRscs(NG) 9551 4.69 +0.38 +8.8

IndonesiaEnergy(INDO) 8697 6.46 +0.86 +15.4

By Dollar Volume

Name (Sym) $ Volume Close Change %Chg.

CheniereEnergy(LNG) 2766321 165.91 +10.73 +6.9

Tellurian(TELL) 210979 2.39 +0.05 +2.1

UraniumEner(UEC) 150646 3.50 +0.22 +6.7

B2Gold(BTG) 150018 3.22 +0.24 +8.1

ImperialOil(IMO) 113436 43.27 +1.28 +3.0

EnergyFuels(UUUU) 93290 6.12 +0.53 +9.5

CheniereEnerPtrs(CQP) 77247 53.36 +1.60 +3.1

IndonesiaEnergy(INDO) 56828 6.46 +0.86 +15.4

CentrusEnergy(LEU) 55867 40.98 +4.33 +11.8

EquinoxGold(EQX) 54809 3.65 +0.46 +14.4

MAG Silver(MAG) 45880 12.48 +0.71 +6.0

NovaGoldRscs(NG) 42558 4.69 +0.38 +8.8

GranTierraEner(GTE) 41311 1.21 +0.06 +5.2

Globalstar(GSAT) 40899 1.59 –0.01 –0.6

DenisonMines(DNN) 38947 1.19 +0.11 +10.2

SilverCrestMetals(SILV) 29292 5.53 +0.61 +12.4

ParkNational(PRK) 25605 124.48 –3.12 –2.4

CamberEnergy(CEI) 25335 0.19 –0.00 –1.8

HoustonAmEner(HUSA) 18753 3.46 +0.29 +9.1

Senseonics(SENS) 18151 1.32 0.00 0.0

Nasdaq Most Active

Volume Percentage Leaders

Name (Sym) Volume %Chg. Close Change

BTRS(BTRS) 90195 2103.7 9.26 +3.49

CBTX(CBTX) 7756 1316.2 29.25 –1.71

PatriaLatAm(PLAO) 771 988.3 10.18 +0.02

HarrowHealth(HROW) 3753 980.3 12.07 +4.08

LakelandBcp(LBAI) 8116 904.3 16.01 –0.37

ExlService(EXLS) 11120 897.0 147.36 –20.58

EvergreenA(EVGR) 562 882.8 10.08 +0.01

Prothena(PRTA) 17593 834.8 60.63 +29.89

FrontierComms(FYBR) 52755 771.6 23.43 +0.86

McLarenTechA(MLAI) 973 709.7 10.02 +0.01

Leslie's(LESL) 67498 695.7 14.71 +1.26

PepperLimeA(PEPL) 353 636.2 9.99 0.00

AlpineSummit(ALPS) 398 610.8 5.10 0.00

LibertyRscsA(LIBY) 801 550.9 10.09 +0.02

Nayax(NYAX) 234 535.3 23.65 –2.86

ChangeHlthcr(CHNG) 119551 530.6 27.49 +0.17

Crypto1AcqnA(DAOO) 966 521.7 10.03 –0.00

AllegianceBcshs(ABTX) 2229 518.3 41.63 –2.27

Biogen(BIIB) 28033 498.3 267.00 +69.22

AlphaStarAcqn(ALSA) 221 486.2 10.08 +0.01

By Share Volume

Name (Sym) Volume Close Change %Chg.

Apple(AAPL) 576689 138.20 –12.23 –8.1

AdvMicroDevices(AMD) 432553 63.36 –4.60 –6.8

Tesla(TSLA) 319354 265.25 –10.08 –3.7

Amazon.com(AMZN) 296685 113.00 –0.78 –0.7

NVIDIA(NVDA) 274049 121.39 –3.77 –3.0

FaradayFuture(FFIE) 225065 0.64 –0.13 –17.1

SoFiTech(SOFI) 221373 4.88 –0.43 –8.1

Intel(INTC) 214683 25.77 –1.75 –6.4

AmerAirlines(AAL) 180644 12.04 –0.17 –1.4

MetaPlatforms(META) 166060 135.68 –4.73 –3.4

Comcast A(CMCSA) 154735 29.33 –2.51 –7.9

Alphabet A(GOOGL) 153387 95.65 –3.09 –3.1

Microsoft(MSFT) 146818 232.90 –5.02 –2.1

ContextLogic(WISH) 134027 0.73 –0.10 –11.5

ChangeHlthcr(CHNG) 119551 27.49 +0.17 +0.6

Alphabet C(GOOG) 119422 96.15 –3.02 –3.0

MicronTech(MU) 118784 50.10 0.00 0.0

WarnerBrosA(WBD) 109920 11.50 –0.29 –2.5

CiscoSystems(CSCO) 108394 40.00 –0.66 –1.6

HuntingtonBcshs(HBAN) 96703 13.18 –0.01 –0.1

By Dollar Volume

Name (Sym) $ Volume Close Change %Chg.

Tesla(TSLA) 87945021 265.25 –10.08 –3.7

Apple(AAPL) 84213001 138.20 –12.23 –8.1

Microsoft(MSFT) 34788349 232.90 –5.02 –2.1

Amazon.com(AMZN) 34121513 113.00 –0.78 –0.7

NVIDIA(NVDA) 33914312 121.39 –3.77 –3.0

AdvMicroDevices(AMD) 28513112 63.36 –4.60 –6.8

MetaPlatforms(META) 22808339 135.68 –4.73 –3.4

Netflix(NFLX) 15195733 235.44 +9.03 +4.0

Alphabet A(GOOGL) 14968722 95.65 –3.09 –3.1

Alphabet C(GOOG) 11738595 96.15 –3.02 –3.0

Adobe(ADBE) 7748355 275.20 –9.36 –3.3

Biogen(BIIB) 7448440 267.00 +69.22 +35.0

Costco(COST) 6337847 472.27 +5.87 +1.3

Broadcom(AVGO) 6007664 444.01 –24.67 –5.3

MicronTech(MU) 5911490 50.10 0.00 0.0

Intel(INTC) 5727443 25.77 –1.75 –6.4

PayPal(PYPL) 5651289 86.07 –0.90 –1.0

Qualcomm(QCOM) 5040128 112.98 –8.21 –6.8

Comcast A(CMCSA) 4723578 29.33 –2.51 –7.9

EnphaseEnergy(ENPH) 4651582 277.47 –2.02 –0.7

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:32

32 BARRON’S October 3, 2022

source investors who run with the herd may

choose to take their profits, if any, and exit

the market. The fearful will stay in cash,

while the hopeful will look for opportunities.

It may seem illogical to even consider

commodities during current market conditions. Both the energy and materials sectors are considered economically sensitive.

Industrial metals copper, aluminum, zinc,

and lead have all seen year-to-date declines.

Another reason metals have been selling

off is investors looking back at the Great

Recession of 2007-09 as a guide. The recession was notoriously bad for commodities.

Materials and energy were two of the worst

sectors in the S&P 500, crumbling 60%

between May 2008 and March 2009.

When investors first heard calls for recession a few months ago, these areas were

once again targeted for liquidation.

It’s a decision investors may live to regret. Using the 2008 playbook risks selling

commodities at the bottom of a cycle, missing huge potential returns over the coming

decade. That’s because, when investing in

natural-resource equities, the commodity

capital cycle is more important than the

broader economic cycle.

—Richard Mills

“A Great Buying Opportunity”

Monday Morning Observations

Capital Wealth Planning

capitalwealthplanning.com

Sept. 26: Where do we go from here? The

Fed’s policy has had some impact on select

areas of our economy, but others have been

slow to react, if at all. The Fed recognizes this

and has committed to continue policy adjustments until inflation is brought under control. This likely includes further rate hikes,

balance-sheet reduction, and hard times for

both our economy and us as individuals.

Right now, many strategists have 2023

S&P 500 earnings at $240. That’s too high.

We learned from Dow and FedEx that estimates have to come down. So, let’s drop it to

$220 or even $200. Then you have to pick a

multiple. And whether you pick 15, 16, 17, or

even 18, you get an S&P 500 fairly valued at

somewhere between 3000 and 4000.

We’re going to be in a range-bound market for the next six to nine months. It’s basic

math. The good news is that we are in the

midst of a great buying opportunity. It’s impossible to pick the exact bottom, but we’re

likely much closer to a bottom than a top.

—Kevin Simpson

Trouble in Chip Stocks

Daily Insights

BCA Research

bcaresearch.com

Sept. 30: The global semiconductor equity

index is breaking below its technical support. The implication is that these share

prices are in an air pocket and investors

shouldn’t chase a declining market.

Based on previous cycles, the [BCA Research] team expects global semiconductor

stocks to bottom late this year or early next

year, and semi sales to trough in the second

quarter of 2023. There are several reasons

for the retrenchment worldwide.

First, the lockdowns around the world in

2020 and 2021 generated an unprecedented

increase in online activities and a corresponding surge in demand for smartphones/PCs/tablets/game consoles/electronic gadgets. This was the main driving

force for the boom in global semiconductor

sales from 2020Q3 to 2022Q1. The excessive demand for consumer goods and electronics has run its course and global demand will sag in the next six months.

Second, automobiles, servers, and industrial electronics, which together account for

about 30% of global semi sales, will have

positive single-digit growth going forward.

Yet, that increase won’t be enough to offset

lost demand from the consumer electronicgoods sector in the next six-to-nine months.

Third, with semiconductor inventories

having surged, new orders for chips, and

hence their production, will plummet. The

team expects Taiwanese and Korean semiconductor stock prices to continue to fall in

absolute terms.

—Roukaya Ibrahim

Multiple Policy Errors

Market and Volatility Commentary

J.P. Morgan

jpmorgan.com

Sept. 30: Most of the risks in 2022 are a

result of policies: escalation of geopolitical

tensions and violence, mismanagement of

the energy crisis, damaging (instead of nurturing) of global trade relationships and

supply chains, fanning internal political divisions, and more. It all amounts to throwing

rocks in glass houses. Instead, the world

needs leadership to guide us through these

difficult times with a calm and steady hand.

The most recent increase of geopolitical and

monetary-policy risks puts our 2022 price

targets at risk. While we remain above-consensus positive, these targets may not be realized until 2023 or when the above risks ease.

—Marko Kolanovic, Bram Kaplan

Don’t Fight the Dollar’s Rise

FX Daily

ING Economics

think.ing.com

Sept. 28: Whether it be U.S. data surprising

on the upside, the U.S. administration showing no concern at all with the strong dollar,

or new chapters in the energy war in Europe, it looks like all systems are go for the

dollar rally. Trying to pick a dollar top in the

current climate is an exercise in futility. The

dollar is clearly in the midst of a very powerful rally and one akin to the macro settings in the early 1980s, when U.S. authorities were also trying to tame inflation.

As far as Washington is concerned, the

strong dollar is someone else’s problem—an

adviser to President Biden said overnight

that we were not headed toward another

Plaza Accord, the 1985 agreement to reverse dollar strength.

This all leaves the dollar in the ascendancy. DXY [U.S. Dollar Index] is close to

115 and, in reality, there isn’t much resistance until 120. Favor shallow consolidations and further gains in this powerful

stage of the rally.

—Chris Turner

The Case for Commodities

Ahead of the Herd

aheadoftheherd.com

Sept. 28: Making a successful investment

in the resource sector involves a number of

factors, including having an experienced

management team, the right metal(s), favorable geology, and a low-risk jurisdiction.

Unfortunately, even if all these aspects line

up in a quality company, you also need to

time your buy-in.

Lately there have been a lot of negative

headlines about a coming recession. ReMARKET VIEW This commentary was issued recently by

money managers, research firms, and market

newsletter writers. Edited by Barron’s Staff

To be considered for this section, material, with

the author’s name and address, should be sent

to [email protected].

“As far as Washington is concerned, the strong

dollar is someone else’s problem—an adviser

to President Biden said that we were not

headed toward another Plaza Accord, the

1985 agreement to reverse dollar strength.”

Chris Turner

Market Sentiment

Citigroup Panic/Euphoria Model Last –0.23 Euphoria Neutral Panic

-1.2

-0.8

-0.4

0

0.4

0.8

1.2

S O N D J F M A M J J A S

The panic/euphoria model is a gauge of investor sentiment. It identifies \"Panic\" and \"Euphoria\" levels which are statistically driven buy and sell

signals for the broader market. Historically, a reading below panic supports a better than 95% likelihood that stock prices will be higher one year

later, while euphoria levels generate a better than 80% probability of stock prices being lower one year later.

Source: Citigroup Investment Research - US Equity Strategy

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:33

October 3, 2022 BARRON’S 33

AB

52.83 31.89 AAR AIR ... 14 35.82 +0.51 ...

39.11 25.20 ABB ABB 2.7 12 25.66 –0.10.7066

54.00 37.68 ABMIndustries ABM 2.0 12 38.23 –0.03 .195

9.50 4.90 ACCO Brands ACCO 6.1 4 4.90 –0.24 .075

16.45 7.78 AcresCmclRlty ACR ... dd 8.15 –0.55 ...

32.00 4.58 ADC Therap ADCT ... dd 4.82 –0.07 ...

10.39 6.00 ADT ADT 1.9 dd 7.49 –0.21 .035

79.97 60.74 AECOM ACM .9 33 68.37 –0.03 .15

27.79 18.62 AES AES 2.8 dd 22.60 –1.69 .158

67.20 52.07 Aflac AFL 2.8 8 56.20 –1.59 .40

150.28 88.55 AGCO AGCO 1.0 9 96.17 –0.95 .24

13.49 4.05 AG Mortgage MITT20.4 dd 4.11 –1.08 .21

15.23 1.33 a.k.a.Brands AKA ... dd 1.45 –0.09 ...

28.23 5.96 AMC Ent AMC ... dd 6.97 –1.02 ...

129.12 82.76 AMN Healthcare AMN ... 11 105.96 +2.01 ...

2555.30 12.05 AMTD Digital HKD ... ... 46.80 –16.79 ...

12.90 1.01 AMTD IDEA AMTD ... 2 1.19 –0.25 ...

10.18 9.86 AP Acqn A APCA ... ... 10.17 +0.02 ...

4.18 2.22 ARC Document ARC 8.8 9 2.26 –0.30 .05

8.15 4.88 ASETech ASX 11.4 4 4.99 –0.30.4794

131.89 78.26 ASGN ASGN ... 11 90.37 +0.94 ...

21.53 15.34 AT&T T 7.2 6 15.34 –0.67.2775

33.31 13.85 ATI ATI ... cc 26.61 –1.25 ...

4.57 0.85 ATI PhysTherapy ATIP ... dd 1.00 –0.01 ...

19.05 12.27 A10Networks ATEN 1.5 10 13.27 +0.27 .05

10.14 9.94 AxiosSustGrwA AXAC ... ... 10.11 –0.02 ...

0.16 0.04 AxiosSustGrwRt AXAC.RT ... ... .11 ... ...

61.39 44.72 AXIS Capital AXS 3.5 10 49.15 –1.76 .43

46.56 15.52 AZEK AZEK ... 22 16.62 +0.27 ...

58.59 35.58 AZZ AZZ 1.9 11 36.51 –0.69 .17

31.69 9.71 Aaron's AAN 4.6 6 9.72 –1.08.1125

142.60 96.67 AbbottLabs ABT 1.9 20 96.76 –3.92 .47

175.91 106.86 AbbVie ABBV 4.2 19 134.21 –8.85 1.41

48.97 14.02 Abercrombie&Fitch ANF ... 13 15.55 –0.33 ...

23.33 12.30 AcadiaRealty AKR 5.7 38 12.62 –1.13 .18

14.10 7.65 AccelEnt ACEL ... 13 7.81 –0.09 ...

9.92 9.68 AccelerateA AAQC ... 23 9.81 ... ...

417.37 254.27 Accenture ACN 1.7 24 257.30 –2.68 1.12

9.81 9.60 AcropolisInfrA ACRO ... dd 9.71 +0.01 ...

224.59 142.71 AcuityBrands AYI .3 15 157.47 –0.62 .13

57.87 37.46 Acushnet GOLF 1.7 20 43.49 –1.05 .18

13.55 6.78 Adecoagro AGRO 3.8 5 8.29 +0.64.1571

50.96 27.15 Adient ADNT ... 3 27.75 –1.33 ...

10.24 9.69 AditEdTechA ADEX ... cc 9.89 +0.03 ...

41.40 19.14 AdtalemGlbEduc ATGE ... dd 36.45 +0.98 ...

244.55 154.46 AdvanceAuto AAP 3.8 18 156.34 –4.16 1.50

153.36 80.81 AdvDrainageSys WMS .4 28 124.37 +2.06 .12

10.19 9.66 AdvMergerPtrsA AMPI ... 42 9.84 +0.01 ...

57.10 30.86 AdvanSix ASIX 1.8 5 32.10 +0.16 .145

6.22 3.90 Aegon AEG 4.4 15 3.96 –0.22.1096

2.19 0.70 Aenza AENZ ... ... .72 –0.21 ...

71.38 37.20 AerCap AER ... dd 42.33 +1.10 ...

47.35 35.47 AerojetRocket AJRD ... 27 39.99 –1.21 ...

10.75 1.85 AevaTech AEVA ... dd 1.87 –0.16 ...

191.62 109.57 AffiliatedMgrs AMG .0 8 111.85 –3.78 .01

9.91 9.66 AfricanGoldA AGAC ... 48 9.90 +0.01 ...

10.00 9.57 AfterNextA AFTR ... 20 9.77 –0.01 ...

165.68 112.52 AgilentTechs A .7 28 121.55 –1.93 .21

26.34 14.29 Agiliti AGTI ... 45 14.31 –2.02 ...

28.36 14.36 agilon health AGL ... dd 23.42 +0.99 ...

67.14 36.69 AgnicoEagle AEM 3.8 24 42.23 +3.16 .40

80.44 61.62 AgreeRealty ADC 4.2 36 67.58 –3.58 .234

50.99 29.75 AirLease AL 2.4 dd 31.01 –0.53 .185

316.39 216.24 AirProducts APD 2.8 23 232.73 –4.34 1.62

160.71 108.35 AlamoGroup ALG .6 17 122.27 +1.45 .18

9.22 6.35 AlamosGold AGI 1.3 56 7.41 +0.68 .025

63.76 38.19 AlaskaAir ALK ... 24 39.15 –1.63 ...

97.73 75.24 AlbanyIntl AIN 1.1 20 78.83 +0.21 .21

308.24 169.93 Albemarle ALB .6 cc 264.44 –5.01 .395

37.99 24.34 Albertsons ACI 1.9 9 24.86 +0.03 .12

98.09 33.55 Alcoa AA 1.2 7 33.66 –1.85 .10

88.78 56.18 Alcon ALC .4 63 58.18 –1.84 .20

26.57 15.80 Alexander&Baldwin ALEX 4.8 45 16.58 +0.31 .22

299.99 205.00 Alexanders ALX 8.6 9 208.96 –8.63 4.50

224.95 130.00 AlexandriaRlEst ARE 3.4 76 140.19 –2.86 1.18

182.09 73.28 Alibaba BABA ... 44 79.99 +1.19 ...

12.00 6.31 Alight ALIT ... dd 7.33 +0.24 ...

862.87 585.10 Alleghany Y ... 33 839.37 –2.61 ...

137.64 88.29 Allegion ALLE 1.8 17 89.68 –2.36 .41

28.44 3.35 Allego ALLG ... dd 4.36 –1.36 ...

68.61 49.89 Allete ALE 5.2 14 50.05 –6.16 .65

57.54 34.90 AllianceBernstein AB 10.8 9 35.06 –3.18 .71

42.00 32.55 AllisonTransm ALSN 2.5 7 33.76 +0.32 .21

144.46 106.11 Allstate ALL 2.7 38 124.53 –3.09 .85

56.28 27.77 AllyFinancial ALLY 4.3 4 27.83 –2.02 .30

186.98 43.00 AlphaMetal AMR 1.1 2 136.84 +17.44 .392

21.07 15.75 AlpineIncmProp PINE 6.7 9 16.22 –1.05 .275

17.38 8.65 AltaEquipment ALTG 2.1 cc 11.01 –0.22 .057

10.16 9.60 AltC Acqn ALCC ... dd 9.76 +0.04 ...

81.30 43.45 Alteryx AYX ... dd 55.84 –2.49 ...

21.15 5.52 AlticeUSA ATUS ... 3 5.83 –0.95 ...

9.93 9.69 AltimarAcqnIIIA ATAQ ... 28 9.92 +0.01 ...

10.54 9.70 AltimeterGrw2 AGCB ... cc 9.91 +0.01 ...

57.05 40.35 Altria MO 9.3 42 40.38 –1.30 .94

14.72 4.26 AltusPower AMPS ... 31 11.01 –0.82 ...

17.86 7.24 AmbacFin AMBC ... cc 12.75 –0.01 ...

3.32 2.42 Ambev ABEV 3.6 17 2.83 –0.05.0839

14.82 1.01 AmbrxBio AMAM ... dd 1.08 +0.02 ...

13.61 10.56 Amcor AMCR 4.5 20 10.73 –0.25 .12

99.20 80.27 Ameren AEE 2.9 21 80.55 –8.53 .59

–52-Week– Tick Div

High Low Name Sym Yld P/E Last Chg. Amt.

101.86 40.73 Ameresco AMRC ... 37 66.48 +1.46 ...

21.62 15.67 AmericaMovil AMX 2.1 13 16.47 –0.22.4414

21.53 15.75 AmericaMovil A AMOV 3.9 13 16.37 –0.14.4414

40.83 24.01 AmericanAssets AAT 5.0 39 25.72 +0.26 .32

11.96 6.36 AmericanAxle AXL ... dd 6.83 –0.35 ...

29.19 9.63 AmerEagle AEO 7.4 11 9.73 –0.51 .18

44.49 29.46 AmEqtyLf AEL .9 3 37.29 +1.19 .34

199.55 134.12 AmerExpress AXP 1.5 14 134.91 –5.35 .52

152.29 119.01 AmericanFin AFG 1.8 10 122.93 –0.48 .56

44.07 32.19 AmHomes4Rent AMH 2.2 57 32.81 –1.28 .18

65.73 47.05 AIG AIG 2.7 3 47.48 –2.29 .32

23.02 11.04 AmRltyInv ARL ... 6 15.92 +1.12 ...

103.77 71.22 AmerStWater AWR 2.0 35 77.95 –5.32.3975

294.40 211.38 AmerTowerREIT AMT 2.7 35 214.70 –14.11 1.47

25.99 13.82 AmerVanguard AVD .5 21 18.70 +0.06 .025

189.65 129.45 AmerWaterWorks AWK 2.0 18 130.16 –10.75 .655

9.70 2.52 AmericanWell AMWL ... dd 3.59 +0.05 ...

11.55 10.02 AmericasTechA ATA ... cc 10.40 ... ...

33.52 23.96 AmericoldRealty COLD 3.6 dd 24.60 –2.26 .22

332.37 219.99 Ameriprise AMP 2.0 9 251.95 –5.41 1.25

167.19 113.68 AmerisourceBrgn ABC 1.4 16 135.33 –1.87 .46

148.07 106.17 Ametek AME .8 24 113.41 –1.02 .22

5.99 2.00 AmnealPharm AMRX ... dd 2.02 –0.08 ...

6.67 3.06 Ampco-Pitt AP ... dd 3.68 +0.05 ...

88.45 61.67 Amphenol APH 1.2 23 66.96 –1.87 .20

9.86 2.60 AmplifyEnergy AMPY ... cc 6.57 +0.58 ...

26.01 5.64 AmpriusTech AMPX ... ... 9.22 –3.72 ...

18.80 9.88 Amrep AXR ... 5 11.28 –0.34 ...

10.31 9.84 AndrettiAcqnA WNNR ... dd 10.06 ... ...

18.73 11.31 AngelOakMtg AOMR15.0 dd 11.98 –0.46 .45

10.08 9.60 AngelPondA POND ... 52 9.83 –0.02 ...

26.96 11.94 AngloGoldAsh AU 3.0 10 13.82 +1.66.2935

67.91 44.68 AB InBev BUD .9 24 45.16 –1.48.3998

35.16 17.16 AnnalyCap NLY 20.5 2 17.16 –5.44 .88

39.72 8.39 AnnovisBio ANVS ... dd 13.70 +0.36 ...

11.71 8.56 AnteroMidstream AM 9.8 13 9.18 +0.11 .225

48.80 15.38 AnteroResources AR ... 11 30.53 –0.20 ...

21.03 7.98 AnywhereRealEst HOUS ... 4 8.11 –0.21 ...

341.98 246.21 Aon AON .8 38 267.87 –6.05 .56

55.82 37.44 AptIncmREIT AIRC 4.7 6 38.62 –1.02 .45

9.79 5.22 ApartmtInv AIV 22.5 5 7.30 –0.56 .02

10.44 9.75 ApeironCapA APN ... 31 10.02 –0.04 ...

26.84 13.26 APi Group APG ... dd 13.27 –0.69 ...

15.98 8.20 ApolloComRlEst ARI 16.9 7 8.30 –1.95 .35

81.07 45.97 ApolloGlbMgmt APO 3.4 dd 46.50 –3.10 .40

9.92 9.66 ApolloStratII A APGB ... 43 9.87 ... ...

18.69 13.79 AppleHospREIT APLE 6.0 25 14.06 –0.20 .07

121.20 88.09 AppliedIndlTechs AIT 1.3 16 102.78 +2.92 .34

135.81 94.03 Aptargroup ATR 1.6 28 95.03 –3.05 .38

180.81 78.08 Aptiv APTV ... cc 78.21 –5.34 ...

39.95 28.74 Aramark ARMK 1.4 52 31.20 –2.38 .11

20.74 11.44 ArborRealty ABR 13.0 6 11.50 –1.41 .39

37.87 19.25 ArcelorMittal MT 1.6 1 19.91 –0.42 .38

183.53 73.54 ArchResources ARCH .8 2 118.60 +3.73 5.75

23.75 12.59 ArchaeaEnergy LFG ... dd 18.01 +0.63 ...

8.95 2.61 ArcherAviation ACHR ... dd 2.61 –0.19 ...

98.88 59.42 ArcherDaniels ADM 2.0 13 80.45 –1.20 .40

10.44 6.28 Archrock AROC 9.0 30 6.42 –0.14 .145

35.74 16.33 Arconic ARNC ... 14 17.04 –1.05 ...

8.44 4.33 ArcosDorados ARCO 2.1 14 7.29 +0.29 .03

65.80 43.42 Arcosa ACA .3 30 57.18 +2.65 .05

9.92 9.67 ArctosNorthA ANAC ... 36 9.91 +0.02 ...

–52-Week– Tick Div

High Low Name Sym Yld P/E Last Chg. Amt.

49.10 16.74 ArcusBiosci RCUS ... 37 26.16 +0.95 ...

10.38 4.56 ArdaghMetalPkg AMBP 8.3 dd 4.84 +0.03 .10

10.60 3.09 ArdmoreShipping ASC ... dd 9.13 –0.02 ...

9.95 9.70 AresAcqnA AAC ... 38 9.93 +0.01 ...

16.48 9.99 AresCommRealEst ACRE12.6 9 10.45 –1.27 .02

90.08 53.15 AresMgmt ARES 3.9 40 61.95 –3.27 .61

46.24 31.26 Argan AGX 3.1 19 32.17 +0.21 .25

61.30 19.21 ArgoGroup ARGO 6.4 dd 19.26 –1.32 .31

23.58 10.06 ArisWater ARIS 2.7 dd 12.76 –0.06 .09

148.57 85.18 AristaNetworks ANET ... 35 112.89 +2.92 ...

4.04 2.65 ArlingtonAsset AAIC ... dd 2.72 –0.17 ...

11.79 4.58 ArloTech ARLO ... dd 4.64 –0.17 ...

15.80 10.04 ArmadaHoffler AHH 7.3 28 10.38 –0.92 .19

11.18 4.72 ArmourResREIT ARR 24.6 dd 4.87 –1.14 .10

118.14 73.25 ArmstrongWorld AWI 1.2 20 79.23 +0.58 .231

137.95 91.17 ArrowElec ARW ... 5 92.19 –1.09 ...

52.42 26.47 ArtisanPtrsAsset APAM12.8 7 26.93 –2.58 .60

23.43 12.90 Artivion AORT ... dd 13.84 +0.53 ...

145.79 16.19 Asana ASAN ... dd 22.23 +1.57 ...

230.97 140.70 AsburyAutomotive ABG ... 5 151.10 +3.42 ...

10.40 9.80 AscendantDigA ACDI ... 31 10.14 +0.02 ...

16.41 4.61 AshfordHosp AHT ... dd 6.81 –0.56 ...

112.91 83.29 Ashland ASH 1.4 28 94.97 –2.15 .335

65.99 7.93 AspenAerogels ASPN ... dd 9.22 –0.97 ...

29.54 16.88 AssetMarkFin AMK ... 19 18.29 –0.26 ...

25.78 17.45 AssociatedBanc ASB 4.0 10 20.08 –0.31 .20

47.50 33.69 AssocCapital AC .5 dd 36.76 +0.86 .10

194.12 144.18 Assurant AIZ 1.9 29 145.27 –2.63 .68

65.68 44.94 AssuredGuaranty AGO 2.1 12 48.45 +0.25 .25

32.00 3.96 Atento ATTO ... dd 4.04 –0.08 ...

10.26 9.85 AthenaCnsmrA ACAQ ... dd 10.06 +0.01 ...

9.97 9.55 AthenaTechII A ATEK ... dd 9.87 +0.01 ...

123.53 70.50 Atkore ATKR ... 4 77.81 +5.07 ...

10.51 9.78 AtlStreetAcqn ASAQ ... 23 10.03 +0.01 ...

16.23 10.13 Atlas ATCO 3.6 8 13.90 +0.38 .125

9.91 9.65 AtlasCrestII A ACII ... 31 9.85 –0.01 ...

122.96 87.80 AtmosEnergy ATO 2.7 18 101.85 –9.68 .68

10.22 2.20 ATRenew RERE ... dd 2.30 –0.31 ...

4.00 0.35 Audacy AUD ... 11 .39 –0.02 ...

10.16 9.69 AusterlitzI A AUS ... 20 9.81 +0.01 ...

9.88 9.66 AusterlitzII A ASZ ... 31 9.81 +0.01 ...

52.34 20.49 Autohome ATHM 1.8 16 28.76 –1.80 .53

110.59 65.74 Autoliv ALV 3.8 17 66.63 –0.01 .64

135.57 96.56 AutoNation AN ... 4 101.87 –5.09 ...

2362.24 1634.34 AutoZone AZO ... 18 2141.93 +45.09 ...

188.43 66.39 Avalara AVLR ... dd 91.80 –0.30 ...

259.05 180.01 Avalonbay AVB 3.5 32 184.19 –4.63 1.59

53.95 41.60 Avangrid AGR 4.2 18 41.70 –3.58 .44

36.44 21.39 AvanosMedical AVNS ... dd 21.78 –0.10 ...

10.03 9.76 AvantiAcqnA AVAN ... 17 10.02 +0.01 ...

42.48 19.59 Avantor AVTR ... 22 19.60 –1.00 ...

22.47 0.60 Avaya AVYA ... dd 1.59 +0.12 ...

229.24 151.62 AveryDennison AVY 1.8 18 162.70 –2.92 .75

61.46 29.80 Avient AVNT 3.1 11 30.30 –3.69.2375

46.90 37.03 Avista AVA 4.8 18 37.05 –4.37 .44

34.12 20.95 AxaltaCoating AXTA ... 23 21.06 –1.24 ...

62.44 34.11 AxosFinancial AX ... 9 34.23 –2.57 ...

21.84 6.13 Azul AZUL ... dd 8.14 –1.07 ...

24.61 3.26 AzurePowerGlbl AZRE ... dd 5.54 –0.27 ...

7.60 1.25 Bark BARK ... dd 1.82 –0.01 ...

34.27 16.49 B&G Foods BGS 11.5 28 16.49 –1.47 .475

59.34 41.89 BCE BCE 6.7 17 41.94 –3.30.7017

–52-Week– Tick Div

High Low Name Sym Yld P/E Last Chg. Amt.

12.35 0.65 BEST BEST ... 1 .69 –0.13 ...

15.65 11.11 BGSF BGSF 5.4 10 11.11 –0.78 .15

71.04 46.27 BHP Group BHP 13.0 6 50.04 +1.17 3.50

10.60 0.26 BitMining BTCM ... dd .28 ... ...

79.69 51.45 BJ'sWholesale BJ ... 20 72.81 –0.30 ...

10.04 9.66 BoaAcqnA BOAS ... 32 9.94 +0.09 ...

34.30 25.33 BP BP 4.6 dd 28.55 +0.47.3604

26.08 3.41 BP Prudhoe BPT 26.3 7 11.94 +0.371.405

34.00 6.62 BRC BRCC ... dd 7.73 +0.26 ...

5.19 2.30 BRF BRFS ... dd 2.34 –0.22 ...

25.67 18.35 BRT Apartments BRT 4.9 5 20.31 –0.86 .25

62.53 42.58 BWX Tech BWXT 1.7 15 50.37 –0.25 .22

10.37 5.19 Babcock&Wilcox BW ... 31 6.38 –0.39 ...

16.00 0.47 Babylon BBLN ... dd .47 –0.06 ...

112.36 73.20 BadgerMeter BMI 1.0 42 92.39 +0.01 .225

50.80 1.98 Bakkt BKKT ... dd 2.28 +0.07 ...

97.99 46.96 Ball BALL 1.7 21 48.32 –0.82 .20

55.03 17.54 Bally's BALY ... dd 19.76 –0.60 ...

22.09 15.91 BancCalifornia BANC 1.5 10 15.97 –0.60 .06

4.48 2.03 BancoBBVA BBAR .0 2 3.01 –0.01.0191

7.26 3.93 BancoBilbaoViz BBVA 6.7 5 4.45 –0.14.1168

3.55 2.45 BancoBradesco BBDO 2.8 7 3.01 –0.09.0032

22.74 15.60 BancodeChile BCH 5.8 6 17.67 +0.24 .855

19.33 12.58 Bladex BLX 7.7 7 13.06 –1.43 .25

18.52 9.72 BancoMacro BMA 4.8 3 14.27 –1.51 .082

7.98 4.87 BancSanBrasil BSBR 7.1 ... 5.64 –0.26.0365

22.95 13.37 BcoSantChile BSAC ... 6 14.01 –0.45 ...

6.48 4.52 BcoSantMex BSMX11.9 6 5.10 –0.02.3272

4.01 2.26 BancoSantander SAN 3.2 4 2.32 –0.10.0571

45.98 23.97 BanColombia CIB 4.5 7 24.37 –2.46.8246

50.11 29.67 BankofAmerica BAC 2.9 9 30.20 –1.53 .22

41.69 28.67 BankofButterfield NTB 5.4 9 32.46 –0.53 .44

92.38 70.89 BankofHawaii BOH 3.7 13 76.12 –1.59 .70

122.77 87.28 BankofMontreal BMO 3.9 7 87.64 –1.751.0671

64.63 38.30 BankNY Mellon BK 3.8 10 38.52 –1.65 .37

74.86 47.53 BkNovaScotia BNS 6.7 7 47.57 –3.37.7883

46.75 33.54 BankUnited BKU 2.9 9 34.17 –1.26 .25

10.03 9.86 BanyanAcqnA BYN ... 29 9.99 +0.01 ...

12.20 6.32 Barclays BCS 4.8 ... 6.40 –0.68 .104

11.55 8.23 BaringsBDC BBDC11.2 19 8.27 –0.53 .24

12.01 1.90 Barnes&NobleEduc BNED ... dd 2.40 +0.10 ...

48.79 27.93 BarnesGroup B 2.2 40 28.88 +0.49 .16

26.07 13.97 BarrickGold GOLD 3.8 14 15.50 +1.02 .20

82.00 25.75 Bath&BodyWks BBWI 2.5 9 32.60 –3.11 .20

10.41 9.75 BatteryFutureA BFAC ... 22 10.09 +0.04 ...

20.20 12.20 Bausch+Lomb BLCO ... ... 15.34 –0.61 ...

29.31 4.00 BauschHealth BHC ... 60 6.89 –0.15 ...

89.70 53.78 BaxterIntl BAX 2.2 27 53.86 –1.55 .29

5.70 0.91 Beachbody BODY ... dd 1.01 –0.13 ...

10.39 9.75 BeardEnerA BRD ... dd 10.02 +0.02 ...

23.97 9.65 BeazerHomes BZH ... 2 9.67 –1.30 ...

277.29 222.61 BectonDicknsn BDX 1.6 38 222.83 –11.09 .87

70.97 47.89 Belden BDC .3 31 60.02 –0.10 .05

31.23 20.20 BellRing BRBR ... 27 20.61 –1.08 ...

29.11 21.11 BenchmarkElec BHE 2.7 18 24.78 –0.04 .165

7.95 2.33 BensonHill BHIL ... dd 2.74 +0.27 ...

9.86 9.65 BerensonAcqnI BACA ... 23 9.84 +0.02 ...

72.32 48.26 Berkley WRB .5 14 64.58 +0.74 .10

544389 395202 BerkHathwy A BRK.A ... 54 406470 +1984.80 ...

362.10 261.55 BerkHathwy B BRK.B ... 53 267.02 –0.75 ...

31.78 23.62 BerkshireHills BHLB 1.8 10 27.30 –1.10 .12

74.73 45.52 BerryGlobal BERY ... 8 46.53 –0.96 ...

141.97 62.42 BestBuy BBY 5.6 8 63.34 –5.44 .88

52.09 15.52 BigLots BIG 7.7 dd 15.61 –3.07 .30

16.12 1.19 BigBear.ai BBAI ... dd 1.57 +0.24 ...

176.72 110.56 BiglariB BH ... dd 115.60 –3.41 ...

348.50 89.87 Bill.com BILL ... dd 132.37 +6.63 ...

8.84 6.00 BiohavenWi BHVN.WI ... ... 6.30 –1.00 ...

152.56 79.01 BiohavenPharm BHVN ... dd 151.17 –0.59 ...

798.97 406.24 Bio-RadLab A BIO ... dd 417.14 –4.79 ...

11.25 0.31 BirdGlobal BRDS ... dd .35 +0.04 ...

9.90 9.64 BiteAcqn BITE ... dd 9.84 +0.01 ...

80.95 62.48 BlackHills BKH 3.5 16 67.73 –5.55 .595

84.27 52.00 BlackKnight BKI ... 19 64.73 –1.49 ...

10.07 9.76 BlackMountainA BMAC ... dd 10.03 ... ...

9.87 9.39 BlackSpadeA BSAQ ... 38 9.79 –0.02 ...

12.39 4.68 BlackBerry BB ... dd 4.70 –0.37 ...

0.07 ... BlkRkCorpHYFdRt HYT.RT ... ... ... –0.01 ...

973.16 549.56 BlackRock BLK 3.5 15 550.28 –41.11 4.88

11.48 1.00 BlackSkyTech BKSY ... dd 1.50 –0.08 ...

149.78 81.66 Blackstone BX 6.1 15 83.70 +0.20 1.27

34.04 23.33 BlackstoneMtg BXMT10.6 10 23.34 –3.68 .62

16.26 2.10 BlendLabs BLND ... dd 2.21 +0.03 ...

48.76 21.08 BlockHR HRB 2.7 12 42.54 –1.28 .29

270.16 53.90 Block SQ ... dd 54.99 –1.28 ...

37.01 11.47 BloomEnergy BE ... dd 19.99 –1.37 ...

12.76 2.27 BlueApron APRN ... dd 5.78 +1.34 ...

17.89 9.18 BlueOwlCapital OWL 4.8 dd 9.23 –0.54 .11

36.10 16.47 BluegreenVac BVH 3.6 5 16.52 –0.99 .15

100.01 45.86 BlueLinx BXC ... 2 62.10 +0.53 ...

9.93 9.70 BlueRiverA BLUA ... 55 9.90 ... ...

10.51 9.76 BluescapeOppsAcqn BOAC ... 15 9.95 +0.07 ...

233.94 113.02 Boeing BA ... dd 121.08 –10.18 ...

85.17 53.52 BoiseCascade BCC .8 3 59.46 +2.55 .12

134.50 54.73 BootBarn BOOT ... 9 58.46 +1.43 ...

99.32 69.68 BoozAllen BAH 1.9 24 92.35 –0.94 .43

15.54 1.07 BoqiiHolding BQ ... dd 1.18 ... ...

50.09 31.14 BorgWarner BWA 2.2 12 31.40 –1.57 .17

6.96 1.45 BorrDrilling BORR ... dd 3.32 –0.03 ...

556.68 287.00 BostonBeer SAM ... dd 323.65 +6.01 ...

40.28 18.68 BostonOmaha BOC ... dd 23.04 +0.49 ...

133.11 73.18 BostonProps BXP 5.2 18 74.97 –2.14 .98

47.50 34.98 BostonSci BSX ... 67 38.73 –0.17 ...

–52-Week– Tick Div

High Low Name Sym Yld P/E Last Chg. Amt.

14.31 6.96 Bowlero BOWL ... dd 12.31 –0.35 ...

33.04 22.31 Box BOX ... dd 24.39 –0.04 ...

17.05 0.87 Boxed BOXD ... dd .92 –0.02 ...

72.72 46.10 BoydGaming BYD .0 10 47.65 +0.63 .15

55.95 40.73 Brady BRC 2.2 14 41.73 –0.33 .23

6.64 4.06 BraemarHtls BHR .9 72 4.30 –0.23 .01

14.88 6.69 BrandywineRealty BDN 11.3 74 6.75 –0.75 .19

9.82 4.11 BrasilAgro LND 15.1 6 5.60 –0.40.4586

24.41 9.42 Braskem BAK 33.1 3 9.74 –1.18 .708

84.27 30.90 BreadFinancial BFH 2.7 2 31.45 –1.72 .21

25.61 13.74 BridgeInvt BRDG 8.3 11 14.50 –0.46 .30

33.64 19.17 BrighamMin MNRL 2.4 12 24.67 +0.38 .61

9.58 1.04 BrightHealth BHG ... dd 1.05 –0.01 ...

171.91 56.15 BrightHorizons BFAM ... 39 57.65 –0.76 ...

12.76 2.04 BrightScholar BEDU ... ... 2.95 –0.24 ...

31.17 14.90 BrightSphere BSIG .3 6 14.91 –0.59 .01

10.42 6.23 BrightSpire BRSP12.7 11 6.31 –1.12 .20

17.53 7.62 BrightView BV ... 32 7.94 –0.13 ...

52.42 21.47 BrinkerIntl EAT ... 10 24.98 –0.55 ...

73.42 48.38 Brink's BCO 1.7 13 48.44 –3.26 .20

80.59 53.22 BristolMyers BMY 3.0 24 71.09 +0.38 .54

0.25 0.07 BristolMyersRt CELG.RT75.0 ... .14 +0.01.1046

40.10 21.61 Bristow VTOL ... cc 23.49 +0.14 ...

47.24 33.62 BritishAmTob BTI 7.9 11 35.50 –1.29.7354

27.19 17.62 BrixmorProp BRX 5.2 19 18.47 –0.66 .24

10.49 5.05 BroadmarkRealty BRMK16.4 9 5.11 –0.75 .07

185.40 132.40 BroadridgeFinl BR 2.0 32 144.32 –10.12 .725

27.25 15.00 Broadstone BNL 7.0 21 15.53 –1.75 .27

7.70 4.02 BrookdaleSrLiving BKD ... dd 4.27 –0.22 ...

62.47 40.25 BrookfieldMgt BAM 1.4 18 40.89 –2.92 .14

64.09 40.35 BrookfieldReins BAMR .0 ... 40.90 –3.06 .14

36.79 21.00 BrookfieldBus BBUC 1.1 2 22.10 –0.87.0625

53.64 38.46 BrookfieldInfr BIPC 3.5 27 40.70 –6.38 .36

46.01 35.03 BrookfieldInfr BIP 4.0 39 35.90 –3.71 .36

44.41 31.10 BrookfieldRenew BEPC 3.9 29 32.68 –3.41 .32

74.00 52.91 Brown&Brown BRO .7 28 60.48 +1.56.1025

76.60 56.97 Brown-Forman A BF.A 1.1 36 67.56 –1.76.1885

78.15 60.23 Brown-Forman B BF.B 1.1 36 66.57 –1.99.1885

103.93 61.89 Brunswick BC 2.2 8 65.45 –1.47 .365

57.10 26.50 Buckle BKE 4.4 6 31.66 –0.58 .35

12.35 5.09 Buenaventura BVN 1.2 6 6.73 +0.86 .073

23.50 12.47 Build-A-Bear BBW .0 4 13.33 +0.21 1.25

9.84 9.65 BuildAcqnA BGSX ... 34 9.83 +0.03 ...

86.48 48.91 BuildersFirst BLDR ... 4 58.92 +4.78 ...

128.40 80.41 Bunge BG 3.0 7 82.57 –0.62 .625

11.71 6.96 BurfordCapital BUR 3.3 ... 7.50 +0.08.0625

304.18 106.47 BurlingtonStrs BURL ... 46 111.89 –9.11 ...

11.53 2.31 ButterflyNtwk BFLY ... dd 4.70 –0.10 ...

29.15 20.25 BylineBancorp BY 1.8 9 20.25 –1.02 .09

C

313.52 238.29 CACI Intl CACI ... 17 261.06 –10.30 ...

6.02 2.73 CBD Pao CBD 1.7 3 3.54 –0.43.0713

48.47 32.17 CBIZ CBZ ... 22 42.78 –0.71 ...

43.50 21.66 CBL&Assoc CBL 3.9 dd 25.61 +0.71 .25

111.00 66.74 CBRE Group CBRE ... 11 67.51 –3.15 ...

13.46 7.41 CCC Intelligent CCCS ... dd 9.10 +0.62 ...

9.96 9.72 CCNeubergerIII A PRPC ... 23 9.93 ... ...

119.60 55.29 CF Industries CF 1.7 8 96.25 +2.46 .40

10.25 9.87 C5AcqnA CXAC ... ... 10.03 +0.01 ...

93.93 73.76 CGI GIB ... 16 75.24 +0.42 ...

22.50 7.77 CI&T CINT ... 68 9.39 +0.31 ...

24.52 9.34 CI Financial CIXX 5.5 5 9.57 –0.32.1411

73.76 58.04 CMS Energy CMS 3.2 13 58.24 –7.02 .46

50.33 35.90 CNA Fin CNA 4.3 10 36.90 –0.20 .40

17.13 10.60 CNH Indl CNHI 2.5 10 11.17 +0.01.3072

26.74 16.56 CNO Financial CNO 3.1 5 17.97 –0.03 .14

24.21 12.35 CNX Resources CNX ... dd 15.53 +0.75 ...

79.17 19.11 CONSOL Energy CEIX .0 18 64.32 +5.32 1.00

54.54 31.22 CRH CRH 3.7 6 32.23 +0.02 .24

58.52 9.27 CS Disco LAW ... dd 10.00 –1.28 ...

23.07 17.57 CTO Realty CTO 8.1 15 18.74 –0.67.3733

43.99 28.72 CTS CTS .4 dd 41.65 +0.56 .04

53.82 12.14 C3.ai AI ... dd 12.50 –0.65 ...

20.10 4.01 Curo CURO11.0 dd 4.01 –1.02 .11

43.61 14.51 CVR Energy CVI 5.5 9 28.98 +2.50 2.60

179.74 69.80 CVR Partners UAN .0 4 114.43 +6.6210.05

111.25 81.78 CVS Health CVS 2.3 15 95.37 –2.98 .55

1875.00 850.44 CableOne CABO 1.3 15 853.05 –84.12 2.85

78.62 49.59 Cabot CBT 2.3 25 63.89 –1.75 .37

64.18 34.70 Cactus WHD 1.1 31 38.43 +2.44 .11

34.24 22.04 CadenceBank CADE 3.5 15 25.41 –0.54 .22

28.52 14.16 Cadre CDRE 1.3 dd 24.06 +0.02 .08

34.19 15.23 CAE CAE ... 64 15.33 –0.23 ...

31.13 17.82 Caleres CAL 1.2 5 24.22 –0.73 .07

51.46 35.95 CaliforniaRscs CRC 1.8 4 38.43 +0.81 .17

72.08 48.46 CalWtrSvc CWT 1.9 32 52.69 –3.77 .25

80.95 31.59 Calix CALX ... 20 61.14 +3.71 ...

66.48 31.23 CallonPetrol CPE ... 2 35.01 +1.83 ...

180.37 116.77 CamdenProperty CPT 3.1 16 119.45 –2.50 .94

32.49 18.03 Cameco CCJ .4 cc 26.51 +1.22.0625

51.94 39.76 CampbellSoup CPB 3.1 19 47.12 –1.48 .37

46.77 20.85 CampingWorld CWH 9.9 5 25.32 +2.00 .625

53.64 15.08 CanadaGoose GOOS ... 23 15.24 –1.34 ...

66.24 43.17 CIBC CM 5.9 8 43.76 –1.04.6423

137.19 106.61 CanNtlRlwy CNI 2.1 19 107.99 –3.11.5555

70.60 36.37 CanNaturalRes CNQ 4.9 6 46.57 –0.33.5822

84.22 65.03 CanPacRlwy CP .9 29 66.72 –3.30.1478

4.64 1.95 Cango CANG .0 dd 2.30 +0.12 1.00

36.50 17.11 Cannae CNNE ... dd 20.66 +0.93 ...

13.64 3.81 CanoHealth CANO ... dd 8.67 –0.20 ...

25.79 21.00 Canon CAJ 3.4 12 21.80 –0.62.4395

–52-Week– Tick Div

High Low Name Sym Yld P/E Last Chg. Amt.

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

Five-Day Dow Composite

Monday Tuesday Wednesday Thursday Friday

29,800

29,600

29,400

29,200

29,000

28,800

28,600

10 12 2 4 10 12 2 4 10 12 2 4 10 12 2 4 10 12 2 4

-329.60 -125.82 +548.75 -458.13 -500.10

(Previous Friday Close)

Hit Me With Your Best Shot: The Dow dropped 2.9% this week, amid

concerns about the health of the global financial system. Home Depot rose

1.9%, while Nike slumped 14% after an inventory glut hit gross margins.

DATA

Statistics from September 26-30, 2022

Barron's 50-Stock Average 46

Cash Track 42

Charting the Market 30

Coming Earnings 46

Conference Call Calendar 46

Delta Tactical Sentiment 46

Distributions & Offerings 46

Dividend Boosts - Reductions 47

Dividend Ex-Payment Dates 47

DJ Averages 44

DJ U.S. Total Market Industry Groups 46

Dow Jones Averages 44

Dow Jones Per Share Values 45

Exchange Traded Portfolios 41

Federal Reserve Data Bank 47

Foreign Exchange 46

Gold & Silver Prices 47

Gold Mining Index 47

Indexes P/Es & Yields 45

Initial Public Offerings 45

Investor Sentiment Readings 45

Key Foreign Market Indexes 40

Market Lab 44

Money Rates, U.S. & Foreign 46

Mutual Funds 42

N.Y. Stock Exchange 33

Nasdaq National Market 37

New Corporate Listings 45

New Highs & Lows 48

NYSE Half-Hourly Volume 45

Other Market Indexes 44

Pulse of the Economy 46

Stock Splits - Special Dividends 47

Stock Volume 45

Trading Diary 44

Vital Signs 24

Week In Stocks 45

Weekly Bond Statistics 47

Winners & Losers Stocks 31

Contact Us

For queries, email us at

[email protected]

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:34

34 BARRON’S October 3, 2022

DATA NEW YORK STOCK EXCHANGE COMPOSITE LIST BARRONS.COM/DATA

–52-Week– Tick Div

High Low Name Sym Yld P/E Last Chg. Amt.

174.65 90.27 CapitalOne COF 2.6 4 92.17 –1.61 .60

72.37 36.90 Capri CPRI ... 7 38.44 –1.75 ...

72.28 45.85 CardinalHealth CAH 3.0 dd 66.68 +0.63.4957

23.59 15.90 CareTrustREIT CTRE 6.1 cc 18.11 –0.65 .275

318.71 197.66 Carlisle CSL 1.1 20 280.41 +7.00 .75

155.98 63.61 CarMax KMX ... 13 66.02 –13.47 ...

26.57 7.01 Carnival CCL ... dd 7.03 –1.92 ...

24.16 6.19 Carnival CUK ... dd 6.19 –1.67 ...

44.96 24.76 CarpenterTech CRS 2.6 dd 31.14 –2.19 .20

66.33 30.45 CarriageSvcs CSV 1.4 10 32.16 +1.17.1125

57.97 34.12 CarrierGlobal CARR 1.7 11 35.56 –0.55 .15

19.09 8.75 Cars.com CARS ... cc 11.50 +0.11 ...

111.17 62.66 Carter's CRI 4.6 10 65.53 –3.21 .75

309.50 19.45 Carvana CVNA ... dd 20.30 –5.90 ...

140.56 72.32 Catalent CTLT ... 26 72.36 –3.71 ...

9.95 9.69 CatchaInvtA CHAA ... ... 9.90 –0.01 ...

237.90 160.60 Caterpillar CAT 2.9 13 164.08 –0.16 1.20

19.89 9.07 Cato CATO 7.1 21 9.54 –0.06 .17

10.13 0.45 Cazoo CZOO ... ... .46 –0.02 ...

62.56 37.78 CedarFairRec FUN 2.9 28 41.15 +0.67 .30

176.50 86.71 Celanese CE 3.0 5 90.34 –0.66 .68

13.40 8.21 Celestica CLS ... 8 8.41 –0.14 ...

7.00 4.39 CementosPacasm CPAC ... 8 4.67 +0.11 ...

7.30 3.22 Cemex CX ... 15 3.43 –0.01 ...

24.91 9.99 CenovusEnergy CVE ... 10 15.37 –0.08 ...

98.53 60.81 Centene CNC ... 25 77.81 –0.90 ...

33.50 24.72 CenterPointEner CNP 2.6 12 28.18 –3.38 .18

10.57 3.77 CenterraGold CGAU 4.9 3 4.41 +0.30 .054

112.27 65.33 Centerspace CSR 4.3 dd 67.32 –1.86 .73

9.80 5.17 CentraisElBras EBR 3.7 10 8.03 –0.73.1306

30.97 20.19 CentralPacFin CPF 5.0 7 20.69 –0.93 .26

5.10 2.73 CentralPuerto CEPU ... 15 4.40 +0.14 ...

86.07 39.00 CenturyComm CCS 1.9 3 42.78 –1.42 .20

130.37 43.23 CeridianHCM CDAY ... dd 55.88 +1.09 ...

28.64 11.89 ChannelAdvisor ECOM ... 18 22.66 –0.06 ...

5.81 1.69 CharahSolutions CHRA ... dd 1.83 –0.30 ...

28.72 8.50 ChargePoint CHPT ... dd 14.76 +0.01 ...

449.34 181.36 CharlesRiverLabs CRL ... 23 196.80 +9.29 ...

218.95 108.29 ChartIndustries GTLS ... cc 184.35 +8.28 ...

15.12 9.59 ChathamLodging CLDT ... dd 9.87 –0.65 ...

9.15 1.97 CheetahMobile CMCM ... dd 2.01 –0.56 ...

71.31 15.66 Chegg CHGG ... 72 21.07 +2.12 ...

539.87 403.00 Chemed CHE .3 24 436.56 –15.39 .38

44.95 22.56 Chemours CC 4.1 5 24.65 –0.58 .25

9.25 4.90 CherryHillMtg CHMI22.0 14 4.91 –1.26 .27

146.30 114.49 ChesapeakeUtil CPK 1.9 23 115.39 –10.44 .535

182.40 101.88 Chevron CVX 4.0 10 143.67 –1.10 1.42

80.58 22.22 ChewyA CHWY ... dd 30.72 –1.04 ...

7.19 3.80 Chico'sFas CHS ... 6 4.84 +0.03 ...

16.85 4.94 ChimeraInvt CIM 17.6 dd 5.22 –1.34 .23

21.63 15.77 ChinaEastrnAir CEA ... dd 16.73 +0.35 ...

12.48 4.29 ChinaGreenAg CGA ... dd 5.74 –1.19 ...

3.17 0.76 ChinaOnlineEduc COE ... dd 1.92 +0.08 ...

35.15 23.50 ChinaSoAirlines ZNH ... dd 26.64 +0.69 ...

15.35 6.90 ChinaYuchai CYD 5.5 17 7.29 +0.11 .40

1895.99 1196.28 Chipotle CMG ... 56 1502.76 –54.76 ...

157.46 104.15 ChoiceHotels CHH .9 17 109.52 +3.30.2375

218.99 171.96 Chubb CB 1.8 11 181.88 +1.59 .83

45.87 35.52 ChunghwaTel CHT 6.7 21 35.53 –0.521.237

105.28 71.37 Church&Dwight CHD 1.5 23 71.44 –3.78.2625

10.08 9.71 ChurchillCapV A CCV ... 15 9.90 ... ...

10.31 9.71 ChurchillVI A CCVI ... 26 9.83 ... ...

9.88 9.68 ChurchillVII A CVII ... 26 9.83 +0.03 ...

78.28 39.44 Ciena CIEN ... 32 40.43 –0.17 ...

296.29 191.74 Cigna CI 1.6 17 277.47 –0.30 1.12

23.15 11.77 Cinemark CNK ... dd 12.11 ... ...

36.48 13.26 CircorIntl CIR ... dd 16.49 +2.05 ...

73.72 41.61 Citigroup C 4.9 5 41.67 –2.59 .51

57.00 32.66 CitizensFin CFG 4.9 9 34.36 –0.07 .42

6.99 2.45 Citizens CIA ... 5 3.34 –0.05 ...

21.70 9.74 CityOfficeREIT CIO 8.0 1 9.97 –0.67 .20

32.06 17.69 Civeo CVEO ... 18 25.13 –0.21 ...

84.76 44.17 CivitasRsrcs CIVI 3.2 6 57.39 +2.91 1.30

25.63 9.06 Clarivate CLVT ... dd 9.39 –0.84 ...

21.09 11.66 ClarosMtg CMTG12.6 10 11.74 –2.18 .37

9.90 9.66 ClassAccelA CLAS ... 23 9.88 +0.01 ...

124.49 81.56 CleanHarbors CLH ... 20 109.98 +0.36 ...

4.10 0.91 ClearChannelOutdr CCO ... dd 1.37 +0.01 ...

54.19 18.79 ClearSecure YOU ... dd 22.86 –0.15 ...

26.60 11.23 ClearwaterAnalytic CWAN ... dd 16.79 +1.00 ...

46.48 25.07 ClearwaterPaper CLW ... 15 37.60 –0.77 ...

38.65 27.83 ClearwayEnergyA CWEN.A 4.4 6 29.10 –2.60.3604

41.79 29.61 ClearwayEnergyC CWEN 4.4 7 31.85 –2.77.3604

34.04 12.90 Cleveland-Cliffs CLF ... 2 13.47 +0.20 ...

9.97 9.71 ClimateReal II A CLIM ... 42 9.86 –0.01 ...

10.41 6.86 ClipperRealty CLPR 5.5 dd 6.97 –0.63 .095

5.00 0.55 CloopenGroup RAAS ... ... .70 –0.15 ...

186.86 120.50 Clorox CLX 3.7 34 128.39 –13.19 1.18

221.64 38.96 Cloudflare NET ... dd 55.31 +0.88 ...

5.96 2.11 CN Finance CNF ... dd 2.52 –0.14 ...

67.20 52.28 Coca-Cola KO 3.1 25 56.02 –2.58 .44

65.18 46.91 Coca-Cola Femsa KOF 4.3 15 58.39 +0.581.3528

7.64 2.54 CoeurMining CDE ... dd 3.42 +0.64 ...

101.22 62.01 Cohen&Steers CNS 3.5 15 62.63 –5.99 .55

10.05 7.85 CohnRobbinsA CRHC ... 86 9.94 +0.77 ...

85.61 70.16 ColgatePalm CL 2.7 30 70.25 –5.28 .47

9.90 9.59 ColombierAcqnA CLBR ... 23 9.76 +0.04 ...

9.92 9.65 Colonnade II A CLAA ... 77 9.92 +0.01 ...

102.09 70.71 Comerica CMA 3.8 10 71.10 –3.21 .68

109.00 71.04 ComfortSystems FIX .6 17 97.33 –0.82 .14

46.68 29.96 CommercialMetals CMC 1.6 4 35.48 –0.38 .14

78.00 60.01 CommBkSys CBU 2.9 19 60.08 –3.84 .44

15.29 2.14 CommunityHlthSys CYH ... dd 2.15 –0.23 ...

49.20 30.38 CommunityHlthcr CHCT 5.4 39 32.75 –0.54.4425

11.22 5.88 SABESP SBS 1.5 13 9.11 +0.36.2004

4.00 2.22 EngGr-Cmg C CIG.C 7.5 13 3.22 –0.39.0351

2.62 1.65 EngGr-Cmg CIG 11.7 8 2.02 –0.26.0351

8.15 5.01 COPEL ELP 17.1 26 5.93 –0.40.5373

5.97 2.20 CiaSiderurgica SID 15.8 5 2.38 –0.11.2433

19.49 9.31 CerveceriasUnid CCU 13.2 9 10.78 +1.27.3084

33.31 17.88 CompassDiversif CODI 5.5 cc 18.06 –0.86 .25

13.54 2.23 Compass COMP ... dd 2.32 –0.03 ...

75.44 30.67 CompassMnlInt CMP 1.6 dd 38.53 +1.65 .15

9.88 9.67 ComputeHlthA CPUH ... 24 9.87 +0.03 ...

22.11 6.88 ComstockRscs CRK ... 20 17.29 +1.07 ...

36.97 30.06 ConagraBrands CAG 4.0 18 32.63 –1.72 .33

13.48 9.83 ConcordAcqnA CND ... dd 10.05 ... ...

10.70 9.60 ConcordAcqnIIA CNDA ... 24 9.69 –0.01 ...

10.40 9.72 ConcordAcqnIII A CNDB ... 17 10.03 +0.03 ...

3.15 1.15 ConcordMed CCM ... dd 1.85 +0.06 ...

159.11 77.09 Conmed CNMD 1.0 dd 80.17 –1.93 .20

124.08 66.06 ConocoPhillips COP 1.8 8 102.34 +1.75 1.40

102.21 71.52 ConEd ED 3.7 19 85.76 –9.71 .79

9.99 9.71 ConstellationI A CSTA ... 37 9.93 +0.02 ...

261.52 207.59 ConstBrands A STZ 1.4 37 229.68 –1.58 .80

20.85 9.82 Constellium CSTM ... 5 10.14 –0.27 ...

14.25 4.81 ContainerStore TCS ... 3 4.90 –0.38 ...

–52-Week– Tick Div

High Low Name Sym Yld P/E Last Chg. Amt.

30.02 14.62 GlobalShipLease GSL 9.5 2 15.78 +0.01 .375

354.62 159.56 Globant GLOB ... 62 187.08 –3.01 ...

108.61 85.25 GlobeLife GL .8 14 99.70 –0.25.2075

81.78 52.60 GlobusMedical GMED ... 40 59.57 +1.28 ...

88.32 64.81 GoDaddy GDDY ... 34 70.88 +0.38 ...

11.01 9.86 GoGreenInvtsA GOGN ... dd 10.14 ... ...

17.20 7.03 GoldFields GFI 3.4 8 8.09 +0.94.1688

9.95 9.67 GoldenFalconA GFX ... 20 9.95 +0.01 ...

20.60 14.45 GoldmanSachsBDC GSBD12.5 11 14.45 –1.85 .45

426.16 277.84 GoldmanSachs GS 3.4 7 293.05 –8.92 2.50

47.12 23.68 Gorman-Rupp GRC 2.9 28 23.79 –0.60 .17

81.09 56.48 Graco GGG 1.4 24 59.95 –1.26 .21

10.01 9.63 GrafAcqnIV GFOR ... 21 9.75 –0.03 ...

13.38 4.07 GrafTechIntl EAF .9 2 4.31 –0.09 .01

13.97 6.51 Graham GHM 5.0 dd 8.79 –0.03 .11

675.00 525.58 GrahamHoldings GHC 1.2 18 537.98 +2.64 1.58

588.62 391.16 Grainger GWW 1.4 19 489.19 –5.66 1.72

43.98 25.35 GraniteConstr GVA 2.0 47 25.39 –1.57 .13

14.10 6.44 GranitePointMtg GPMT15.5 44 6.44 –1.66 .25

24.07 17.63 GraphicPkg GPK 2.0 21 19.74 –0.56 .10

3.13 0.52 GravitasEduc GEHI ... 2 .56 –0.06 ...

25.24 14.18 GrayTelevision GTN 2.2 11 14.32 –1.80 .08

23.75 12.97 GrayTelevision A GTN.A 2.5 10 12.98 –1.36 .08

14.74 7.46 GreatAjax AJX 14.4 17 7.51 –1.00 .27

32.25 16.80 GreenBrickPtrs GRBK ... 4 21.38 –0.40 ...

52.13 18.09 GreenDot GDOT ... 21 18.98 +0.23 ...

53.46 24.24 Greenbrier GBX 4.4 14 24.27 –1.79 .27

20.32 5.86 Greenhill GHL 6.7 16 5.94 –0.13 .10

9.18 3.27 GreenTree GHG 15.6 11 3.39 –0.35 .53

72.80 53.65 Greif A GEF 3.4 9 59.57 –1.43 .50

71.62 53.45 Greif B GEF.B 4.9 6 60.80 –0.65 .75

34.92 17.56 Griffon GFF 1.2 12 29.52 +0.66 .09

212.23 136.16 Group1Auto GPI 1.0 4 142.87 –5.33 .38

12.50 1.92 GroveCollab GROV ... dd 2.24 –0.73 ...

167.24 112.88 GpoAeroportuar PAC 2.5 22 126.78 –6.213.1501

230.80 177.31 GpoAeroportSur ASR 3.9 14 196.17 –5.244.5984

6.15 2.43 GpoAvalAcc AVAL78.5 3 2.46 –0.24.2855

2.54 1.20 GpoSupervielle SUPV 1.7 dd 1.75 –0.02.0151

12.08 5.36 GrupoTelevisa TV ... 11 5.38 –0.28 ...

25.27 14.27 Guess GES 6.1 8 14.67 –0.40 .225

128.98 59.43 Guidewire GWRE ... dd 61.58 –0.36 ...

16.07 7.18 GuildHldgs GHLD .0 1 9.24 –0.31 1.00

108.10 60.46 GulfportEnergy GPOR ... dd 88.29 +4.51 ...

H

279.02 164.47 HCA Healthcare HCA 1.2 9 183.79 –7.71 .56

139.80 39.13 HCI Group HCI 4.1 dd 39.20 –5.25 .40

78.43 50.61 HDFC Bank HDB .8 21 58.42 –0.55.5805

58.50 29.14 HF Sinclair DINO 3.0 7 53.84 +4.64 .40

9.95 9.67 HH&L Acqn HHLA ... 26 9.94 +0.01 ...

10.03 9.75 H.I.G.AcqnA HIGA ... 26 10.03 +0.02 ...

44.50 26.51 HNI HNI 4.8 16 26.51 –1.01 .32

41.47 24.74 HP HPQ 4.0 4 24.92 –0.43 .25

10.20 9.79 HPX A HPX ... 26 9.92 +0.01 ...

38.61 25.63 HSBC HSBC 5.1 8 26.07 –2.09 .45

10.23 2.21 HUYA HUYA ... 19 2.22 –0.44 ...

79.45 43.50 Haemonetic HAE ... 56 74.03 +0.29 ...

19.97 7.23 Hagerty HGTY ... dd 8.99 –0.56 ...

8.50 5.59 Haleon HLN ... ... 6.09 +0.16 ...

43.99 20.77 Halliburton HAL 1.9 15 24.62 +0.04 .12

20.36 9.18 HamiltonBeach HBB 3.6 5 11.67 –0.20 .105

18.60 6.91 Hanesbrands HBI 8.6 6 6.96 –0.68 .15

22.67 13.42 Hanger HNGR ... 20 18.72 +0.03 ...

65.74 28.67 HannonArmstrong HASI 5.0 30 29.93 –1.73 .375

155.55 121.69 HanoverIns THG 2.3 14 128.14 –4.05 .75

44.46 29.80 HarleyDavidson HOG 1.8 9 34.88 –2.66.1575

5.50 1.94 HarmonyGold HMY 1.3 17 2.43 +0.43.0274

18.28 3.73 Harsco HSC ... dd 3.74 –0.48 ...

78.17 60.17 HartfordFinl HIG 2.5 10 61.94 +0.02 .385

35.92 22.77 HavertyFurn HVT 4.5 5 24.90 –0.86 .28

36.03 24.55 HavertyFurn A HVT.A 4.1 5 25.19 –0.80 .26

44.72 34.60 HawaiianElec HE 4.0 16 34.66 –2.84 .35

10.23 9.65 HawksAcqnA HWKZ ... dd 9.84 +0.03 ...

28.65 8.74 Hayward HAYW ... 9 8.87 –0.35 ...

34.83 20.41 HealthcareRealty HR 2.1 73 20.85 –1.06 .109

36.85 22.45 HealthpeakProp PEAK 5.2 67 22.92 –1.36 .30

10.10 9.78 HeartlandMediaA HMA ... 35 9.96 ... ...

7.66 3.41 HeclaMining HL .4 cc 3.94 +0.31.0062

165.61 126.95 Heico HEI .1 58 143.98 –1.68 .09

139.65 102.33 Heico A HEI.A .2 46 114.62 –0.76 .09

16.35 1.29 Heliogen HLGN ... dd 1.86 +0.48 ...

114.89 48.27 HeliosTech HLIO .7 15 50.60 +1.27 .09

5.78 2.47 HelixEnergy HLX ... dd 3.86 +0.13 ...

54.59 20.93 Helm&Payne HP 2.7 dd 36.97 +1.49 .25

47.86 19.30 Herbalife HLF ... 6 19.89 –1.70 ...

203.14 83.43 HercHoldings HRI 2.2 11 103.88 +1.89 .575

19.09 11.41 HerculesCapital HTGC12.1 cc 11.58 –1.22 .15

7.37 2.08 HeritageInsurance HRTG10.6 dd 2.26 –0.17 .06

12.15 7.60 HershaHospitality HT .0 dd 7.98 –0.06 .05

234.56 168.72 Hershey HSY 1.9 28 220.47 –3.471.036

131.44 68.32 Hess HES 1.4 23 108.99 +4.39 .375

35.71 23.35 HessMidstream HESM 8.7 13 25.52 +0.47.5559

17.76 11.90 HewlettPackard HPE 4.0 4 11.98 –0.18 .12

65.82 46.77 Hexcel HXL .8 49 51.72 –1.94 .10

10.51 9.31 HighlandTransI HTPA ... 38 9.96 +0.01 ...

47.66 26.11 HighwoodsProp HIW 7.4 10 26.96 –0.55 .50

3.39 1.18 HillIntl HIL ... ... 3.32 –0.04 ...

54.15 36.16 Hillenbrand HI 2.4 13 36.72 –1.02.2175

38.47 24.18 Hilltop HTH 2.4 9 24.85 –0.28 .15

56.33 32.85 HiltonGrandVac HGV ... 13 32.89 –1.08 ...

167.99 108.41 Hilton HLT .5 35 120.62 +2.29 .15

9.19 2.72 Hims&HersHealth HIMS ... dd 5.58 +0.23 ...

117.50 18.19 Hippo HIPO ... dd 18.53 –1.14 ...

19.46 10.66 HireRight HRT ... 40 15.26 +0.06 ...

14.68 4.05 Holley HLLY ... 78 4.05 –0.45 ...

20.49 15.12 HollyEnergy HEP 8.5 9 16.41 –0.28 .35

26.64 19.83 HomeBancShares HOMB 2.9 16 22.51 –0.53 .165

420.61 264.51 HomeDepot HD 2.8 17 275.94 +5.00 1.90

32.15 21.53 HondaMotor HMC 3.8 7 21.59 –1.93.4961

42.95 32.60 HoraceMannEdu HMN 3.6 25 35.29 –1.03 .32

10.15 9.77 HorizonII A HZON ... 28 10.00 +0.02 ...

8.75 1.21 HorizonGlobal HZN ... dd 1.23 –0.23 ...

55.11 40.48 HormelFoods HRL 2.3 25 45.44 –1.43 .26

110.45 59.25 DR Horton DHI 1.3 4 67.35 –4.07 .225

122.62 74.18 HoulihanLokey HLI 2.8 12 75.38 –1.54 .53

133.99 35.34 Hovnanian HOV ... 1 35.70 –1.98 ...

105.51 53.19 HowardHughes HHC ... 21 55.39 –3.02 ...

38.99 27.41 HowmetAerospace HWM .3 44 30.93 –0.90 .02

232.47 170.21 Hubbell HUBB 1.9 22 223.00 +3.00 1.05

866.00 257.21 HubSpot HUBS ... dd 270.12 –2.69 ...

8.75 3.08 HudbayMinerals HBM .4 dd 4.03 +0.11.0076

28.66 10.69 HudsonPacProp HPP 9.1 dd 10.95 –0.79 .25

514.98 351.20 Humana HUM .6 20 485.19 –1.71.7875

10.43 9.80 HuntCosI A HTAQ ... 16 10.15 +0.01 ...

243.46 175.50 HuntingIngalls HII 2.1 15 221.50 –8.77 1.18

41.65 23.54 Huntsman HUN 3.5 4 24.54 +0.59.2125

–52-Week– Tick Div

High Low Name Sym Yld P/E Last Chg. Amt.

16.43 10.62 FarmlandPtrs FPI 1.9 dd 12.67 –1.25 .06

58.62 8.12 Fastly FSLY ... dd 9.16 +0.77 ...

11.50 1.88 FathomDigital FATH ... 3 2.03 –0.05 ...

124.37 87.50 FedAgriMtg A AGM.A 4.0 8 95.75 –1.83 .95

137.01 90.38 FedAgriMtg C AGM 3.8 8 99.14 –4.41 .95

140.51 86.43 FederalRealty FRT 4.8 26 90.12 –0.30 1.08

48.88 31.86 FederalSignal FSS 1.0 22 37.32 –1.19 .09

39.82 27.88 FederatedHermes FHI 3.3 12 33.12 –0.72 .27

266.79 141.92 FedEx FDX 3.1 10 148.47 –0.86 1.15

183.67 102.01 Ferguson FERG 2.7 11 102.93 –5.56 1.91

278.78 167.45 Ferrari RACE ... 33 185.00 –1.25 ...

56.44 34.51 FidNatlFin FNF 4.9 5 36.20 –0.31 .44

126.20 75.54 FidNatlInfo FIS 2.5 55 75.57 –4.72 .47

9.95 9.71 FigureAcqnI A FACA ... 29 9.85 +0.01 ...

5.99 1.20 FinanceofAm FOA ... dd 1.48 +0.13 ...

10.29 9.64 FinTechEvolA FTEV ... 28 9.92 +0.01 ...

7.33 2.68 FinVolution FINV 4.3 3 4.28 ... .205

81.54 44.34 FirstAmerFin FAF 4.5 6 46.10 –0.80 .52

16.62 11.94 FirstBanCorp FBP 3.5 9 13.68 –0.19 .12

17.63 12.78 FirstCmwlthFin FCF 3.7 10 12.84 –0.42 .12

3.36 0.57 First HS Educ FHS ... 2 .60 –0.14 ...

24.24 15.00 FirstHorizon FHN 2.6 16 22.90 –0.47 .15

66.74 43.70 FirstIndRlty FR 2.6 19 44.81 –3.08 .295

10.55 9.73 FirstLightAcqnA FLAG ... 31 9.85 –0.11 ...

14.67 6.31 FirstMajestic AG .3 dd 7.62 +0.89.0061

222.86 130.35 FirstRepBank FRC .8 16 130.55 –4.64 .27

48.85 35.32 FirstEnergy FE 4.2 16 37.00 –3.05 .39

12.30 5.55 FiscalNote NOTE ... dd 6.37 –0.58 ...

23.75 7.54 Fisker FSR ... dd 7.55 –0.44 ...

8.20 2.50 FivePoint FPH ... dd 2.60 –0.19 ...

199.69 29.04 FiverrIntl FVRR ... dd 30.59 –0.18 ...

56.77 32.71 Flagstar FBC .7 5 33.40 –1.54 .06

10.05 9.65 FlameAcqnA FLME ... 19 9.83 +0.02 ...

282.02 173.34 FleetCorTech FLT ... 15 176.17 –8.03 ...

36.99 16.65 FlexLNG FLNG 9.5 8 31.67 +3.24 .50

145.89 59.91 Floor&Decor FND ... 27 70.26 +0.08 ...

1.97 0.53 FlotekIndustries FTK ... dd 1.00 –0.01 ...

29.73 23.53 FlowersFoods FLO 3.6 24 24.69 –0.75 .22

38.39 23.92 Flowserve FLS 3.3 33 24.30 –0.44 .20

31.32 15.71 Fluor FLR ... dd 24.89 +0.14 ...

87.09 58.73 FomentoEconMex FMX 2.2 24 62.75 +1.14.5677

57.76 23.85 FootLocker FL 5.1 6 31.13 –3.71 .40

25.87 10.61 FordMotor F 5.4 4 11.20 –1.11 .15

9.95 9.67 ForestRoadII A FRXB ... 36 9.83 ... ...

22.60 11.17 Forestar FOR ... 3 11.19 –0.42 ...

47.50 1.72 ForgeGlobal FRGE ... dd 1.75 –0.15 ...

38.19 11.94 ForgeRock FORG ... dd 14.53 –0.34 ...

51.66 37.93 Fortis FTS 4.4 18 37.99 –3.36.4116

79.87 52.47 Fortive FTV .5 32 58.30 –1.57 .07

9.98 9.71 FortressCapA FCAX ... 26 9.95 +0.01 ...

9.91 9.72 FortressVal III A FVT ... 25 9.90 +0.01 ...

9.96 9.66 FortressValueIV A FVIV ... 38 9.84 +0.02 ...

5.52 2.05 FortunaSilver FSM ... 17 2.52 +0.37 ...

109.23 53.42 FortBrandsHome FBHS 2.1 10 53.69 –1.92 .28

30.99 14.71 ForumEnergyTech FET ... dd 21.24 –0.02 ...

30.13 23.34 FourCornersProp FCPT 5.5 20 24.19 –1.57.3325

29.40 6.41 FourSeasonsEduc FEDU ... dd 13.96 +0.36 ...

169.32 109.70 Franco-Nevada FNV 1.1 30 119.48 +5.35 .32

17.74 10.34 FrankBSPRealty FBRT12.5 dd 10.77 –1.11 .355

54.10 34.00 FranklinCovey FC ... 44 45.39 +1.06 ...

38.27 21.46 FranklinRscs BEN 5.4 6 21.52 –1.89 .29

9.95 9.68 FreedomI A FACT ... 54 9.90 –0.01 ...

51.99 24.80 FreeportMcM FCX 2.2 8 27.33 +0.65 .075

36.08 13.69 FreseniusMed FMS 3.5 9 14.04 –0.35.7085

34.00 22.63 FreshDelMonte FDP 2.6 30 23.24 –1.16 .15

13.85 6.10 Frontline FRO 5.5 35 10.93 –1.18 .15

35.10 2.32 fuboTV FUBO ... dd 3.55 –0.68 ...

17.55 4.12 FullTruck YMM ... dd 6.55 –0.02 ...

81.73 57.36 FullerHB FUL 1.3 17 60.10 –0.79 .19

9.87 9.65 FusionAcqnIIA FSNB ... 30 9.84 +0.01 ...

10.63 5.77 FutureFuel FF 4.0 16 6.04 +0.16 .06

G

29.80 15.05 GAMCO Investors GBL .9 6 17.05 +1.64 .04

127.58 84.96 GATX GATX 2.4 17 85.15 –5.64 .52

10.16 9.77 G&P Acqn A GAPA ... 23 9.99 –0.01 ...

9.81 5.21 GEO Group GEO ... 15 7.70 +0.09 ...

43.71 24.00 GFLEnvironmental GFL .2 dd 25.29 –0.91 .012

61.79 36.10 GMS GMS ... 6 40.01 +0.56 ...

8.21 2.74 GOL Linhas GOL .0 dd 3.29 –0.36.0023

47.82 28.47 GSK GSK 6.8 10 29.43 +0.07.3421

9.94 9.70 GSquaredIIA GSQB ... 24 9.92 +0.01 ...

10.02 9.79 GSquaredI A GSQD ... 33 9.93 +0.02 ...

105.92 34.67 GXO Logistics GXO ... 19 35.06 –1.66 ...

192.00 147.32 Gallagher AJG 1.2 35 171.22 –0.61 .51

63.92 19.40 GameStop GME ... dd 25.13 +0.09 ...

6.97 1.52 Gannett GCI ... dd 1.53 –0.39 ...

4.58 1.13 GaotuTechedu GOTU ... dd 1.21 +0.05 ...

25.65 7.79 Gap GPS 7.3 dd 8.21 –0.26 .15

165.84 80.22 Garmin GRMN 3.6 15 80.31 –2.46 .73

369.00 221.39 Gartner IT ... 31 276.69 +0.63 ...

18.18 9.63 GatesIndustrial GTES ... 13 9.76 –0.13 ...

14.63 2.20 GatosSilver GATO ... dd 2.68 +0.33 ...

12.23 1.01 Gelesis GLS ... dd 1.08 –0.03 ...

27.15 11.92 GencoShipping GNK 16.0 2 12.53 –0.08 .50

524.31 167.11 Generac GNRC ... 23 178.14 +1.57 ...

254.99 188.64 GeneralDynamics GD 2.4 18 212.17 –9.73 1.26

116.17 59.93 GeneralElec GE .5 dd 61.91 –2.64 .08

81.24 59.90 GeneralMills GIS 2.8 16 76.61 –2.56 .54

67.21 30.33 GeneralMotors GM 1.1 6 32.09 –3.39 .09

10.44 9.66 GenAsia I A GAQ ... 70 9.97 +0.02 ...

73.72 37.54 Genesco GCO ... 5 39.32 –2.38 ...

13.48 7.61 GenesisEnergy GEL 6.5 dd 9.20 –0.71 .15

11.38 4.74 GenieEnergy GNE 3.2 3 9.35 –0.01 .075

19.86 2.20 GeniusSports GENI ... dd 3.67 –0.05 ...

54.03 37.68 Genpact G 1.1 24 43.77 +0.22 .125

164.99 115.63 GenuineParts GPC 2.4 19 149.32 –1.72 .895

4.61 3.43 GenworthFin GNW ... 2 3.50 –0.08 ...

18.52 10.13 GeoPark GPRK 4.3 4 11.73 –0.24 .127

6.62 3.94 Gerdau GGB .5 2 4.52 –0.13.1373

37.88 6.50 GettyImages GETY ... 28 6.79 –1.46 ...

33.35 24.66 GettyRealty GTY 6.1 16 26.89 –0.83 .41

10.34 9.80 GigCapital5 GIA ... dd 10.12 –0.01 ...

43.63 25.67 Gildan GIL 2.4 8 28.27 –0.34 .169

15.86 2.09 GinkgoBioworks DNA ... dd 3.12 +0.32 ...

60.69 44.43 GlacierBancorp GBCI 2.7 19 49.13 –1.30 .33

18.74 3.10 Glatfelter GLT .0 dd 3.11 –0.94 .14

64.49 33.33 Glaukos GKOS ... dd 53.24 +2.85 ...

9.99 3.96 GlobalBlue GB ... dd 4.63 +0.18 ...

10.02 5.16 GlblBusTravel GBTG ... dd 5.66 –0.24 ...

27.66 21.91 GlobalIndemnity GBLI 4.5 dd 22.07 –0.21 .25

45.21 26.19 GlobalIndl GIC 2.7 9 26.83 +0.04 .18

18.51 8.22 GlobalMedREIT GMRE 9.9 44 8.52 –0.66 .21

16.68 10.19 GlobalNetLease GNL 15.0 dd 10.65 –1.51 .40

30.26 20.23 GlobalPtnrs GLP 9.8 4 24.75 –0.64 .605

163.03 105.52 GlobalPayments GPN .9 cc 108.05 –6.99 .25

–52-Week– Tick Div

High Low Name Sym Yld P/E Last Chg. Amt.

75.49 40.75 ContinentalRscs CLR 1.5 8 66.81 +2.76 .28

22.55 6.98 Volaris VLRS ... dd 6.99 –0.79 ...

10.73 3.75 ConveyHealth CNVY ... dd 10.51 –0.02 ...

435.79 262.91 Cooper COO .0 30 263.90 –11.78 .03

28.06 3.53 Cooper-Standard CPS ... dd 5.84 –0.88 ...

97.63 55.25 Copa CPA ... 10 67.01 +0.16 ...

32.54 20.00 Core&Main CNM ... 12 22.74 +0.60 ...

35.83 13.19 CoreLabs CLB .3 73 13.48 –0.43 .01

22.00 19.14 CorebridgeFin CRBG ... ... 19.69 –0.56 ...

49.14 20.45 CoreCard CCRD ... 11 21.77 +0.10 ...

14.24 8.23 CoreCivic CXW ... 12 8.84 –0.35 ...

5.49 1.56 CorEnergyInfr CORR12.6 dd 1.59 –0.34 .05

43.47 28.98 Corning GLW 3.7 12 29.02 –1.29 .27

7.15 5.00 CorpAmAirports CAAP ... ... 6.64 +0.15 ...

29.64 22.55 CorpOfficeProp OFC 4.7 25 23.23 –0.92 .275

9.96 9.60 CorsairPtrA CORS ... 30 9.79 +0.01 ...

64.30 41.37 Corteva CTVA 1.0 24 57.15 –0.77 .15

20.97 11.95 Cosan CSAN 4.7 7 12.88 –1.01.2635

18.01 8.72 Costamare CMRE 5.1 2 8.95 –0.50 .115

36.55 18.39 CoterraEnergy CTRA10.0 7 26.12 –0.24 .50

11.12 5.90 Coty COTY ... 86 6.32 –1.06 ...

30.94 8.98 Coupang CPNG ... dd 16.67 +0.59 ...

37.75 9.81 Coursera COUR ... dd 10.78 +0.53 ...

42.41 22.71 CousinsProperties CUZ 5.5 12 23.35 –1.03 .32

114.87 82.14 Crane CR 2.1 9 87.54 +1.14 .47

9.37 5.22 Crawford A CRD.A 4.2 13 5.74 +0.40 .06

9.20 5.20 Crawford B CRD.B 4.6 12 5.25 –0.06 .06

182.11 108.05 Credicorp BAP 4.2 9 122.80 –0.133.9936

11.04 3.83 CreditSuisse CS 1.0 dd 3.92 –0.22.0528

19.65 10.86 CrescentEnergy CRGY 4.6 ... 13.47 –0.10 .17

10.96 4.06 CrescentPoint CPG 4.0 3 6.16 +0.29.0613

32.96 22.88 CrestwoodEquity CEQP 9.4 dd 27.77 +1.04 .655

25.33 9.73 CrossTimbers CRT 9.2 13 19.30 +1.65.2306

209.87 143.18 CrownCastle CCI 4.1 41 144.55 –9.11 1.47

130.42 78.91 CrownHoldings CCK 1.1 dd 81.03 –1.74 .22

9.99 9.68 CrownPropA CPTK ... cc 9.92 ... ...

9.97 9.70 CrucibleAcqnA CRU ... 27 9.96 +0.05 ...

57.34 38.67 CubeSmart CUBE 4.3 37 40.06 –0.19 .43

147.39 112.67 Cullen/Frost CFR 2.6 20 132.22 –3.98 .87

14.31 4.04 Culp CULP10.6 dd 4.36 –0.08 .115

247.48 184.28 Cummins CMI 3.1 14 203.51 –0.49 1.57

162.98 123.84 CurtissWright CW .5 21 139.16 +0.46 .19

23.54 10.94 Cushman&Wkfd CWK ... 7 11.45 –0.76 ...

11.36 4.54 CustomTruck CTOS ... dd 5.83 –0.32 ...

76.13 29.27 CustomersBancorp CUBI ... 3 29.48 –1.02 ...

DE

9.92 9.68 D&ZMediaA DNZ ... 34 9.87 +0.01 ...

39.54 23.58 DCP Midstream DCP 4.6 10 37.57 +1.05 .43

7.57 4.17 DHI Group DHX ... cc 5.38 +0.07 ...

9.31 4.55 DHT DHT 1.3 dd 7.56 –0.80 .04

10.96 4.66 DRDGOLD DRD ... 7 5.46 +0.62 ...

140.23 108.22 DTE Energy DTE 3.1 29 115.05 –10.61 .885

59.36 44.70 DT Midstream DTM 4.9 15 51.89 +0.64 .64

13.23 5.40 D-WaveQuantum QBTS ... cc 7.87 +1.44 ...

39.65 22.65 DXC Tech DXC ... 11 24.48 +0.63 ...

25.59 11.17 Dana DAN 3.5 17 11.43 –0.63 .10

331.69 233.71 Danaher DHR .4 30 258.29 –6.98 .25

107.47 53.54 Danaos DAC 5.4 2 55.68 –1.68 .75

20.40 2.84 DanimerScientific DNMR ... dd 2.95 –0.16 ...

81.10 32.20 DaqoNewEnergy DQ ... 3 53.08 +1.31 ...

158.39 110.96 Darden DRI 3.7 18 126.32 +3.93 1.21

87.59 55.71 DarlingIngred DAR ... 16 66.15 –1.19 ...

124.81 74.97 DaVita DVA ... 10 82.77 –3.54 ...

448.07 212.93 DeckersOutdoor DECK ... 19 312.61 –7.37 ...

446.76 283.81 Deere DE 1.4 17 333.89 –0.33 1.13

64.47 39.00 DelekLogistics DKL 7.7 14 50.94 +0.82 .985

35.23 14.07 DelekUS DK .0 6 27.14 +2.52 .20

61.54 33.81 DellTechC DELL ... 5 34.17 –1.35 ...

46.27 27.80 DeltaAir DAL ... 30 28.06 –0.96 ...

38.71 16.47 Deluxe DLX 7.2 13 16.65 –0.35 .30

93.95 56.59 Denbury DEN ... 13 86.26 +11.18 ...

19.38 11.24 DesignerBrands DBI 1.3 7 15.31 –0.08 .05

9.69 1.26 DesktopMetal DM ... dd 2.59 +0.10 ...

13.37 5.50 Despegar.com DESP ... dd 5.70 –0.47 ...

16.70 7.26 DeutscheBank DB 2.8 5 7.40 –0.94.1559

79.40 35.55 DevonEnergy DVN 7.7 8 60.13 +2.44 1.37

223.14 163.50 Diageo DEO 2.2 23 169.81 +2.922.2775

12.04 5.17 DiamondOffshore DO ... dd 6.63 +0.30 ...

11.15 7.18 Diamondrock DRH .0 33 7.51 +0.01 .03

6.89 3.31 DianaShipping DSX 22.9 3 3.61 –0.61 .275

142.78 63.45 Dick's DKS 1.9 9 104.64 +0.18.4875

11.29 2.12 DieboldNixdorf DBD ... dd 2.44 –0.31 ...

7.42 1.05 DigitalMedia DMS ... dd 1.92 +0.06 ...

178.22 96.08 DigitalRealty DLR 4.9 22 99.18 –4.16 1.22

34.20 12.42 DigitalBridge DBRG ... dd 12.51 –1.50 ...

133.40 30.05 DigitalOcean DOCN ... dd 36.17 –0.62 ...

416.71 167.03 Dillard's DDS .3 6 272.76 –7.24 .20

95.00 61.03 DineBrands DIN 3.2 12 63.56 +0.64 .51

37.37 2.51 Dingdong DDL ... dd 3.56 –0.33 ...

10.14 9.78 DirectSellingA DSAQ ... 21 10.13 +0.02 ...

133.40 88.02 DiscoverFinSvcs DFS 2.6 6 90.92 –2.81 .60

179.63 90.23 Disney DIS ... 55 94.33 –5.17 ...

10.45 9.69 dMYTechVI A DMYS ... cc 9.96 +0.04 ...

96.85 65.04 DolbyLab DLB 1.5 34 65.15 –2.86 .25

17.16 7.21 Dole DOLE 4.4 dd 7.30 –0.61 .08

262.21 183.25 DollarGeneral DG .9 24 239.86 –1.76 .55

8.04 0.41 Doma DOMA ... dd .44 –0.01 ...

88.78 69.01 DominionEner D 3.9 26 69.11 –8.64.6675

567.57 310.07 Domino's DPZ 1.4 24 310.20 –19.80 1.10

63.15 46.00 Donaldson DCI 1.9 18 49.01 –0.65 .23

52.33 24.60 DonnelleyFin DFIN ... 9 36.97 +1.37 ...

257.25 48.94 DoorDash DASH ... dd 49.45 –2.56 ...

18.50 10.77 DorianLPG LPG .0 6 13.57 +0.50 1.00

40.79 17.22 DoubleVerify DV ... 88 27.35 +1.14 ...

45.66 27.76 DouglasDynamics PLOW 4.1 22 28.02 –0.46 .29

12.66 3.98 DouglasElliman DOUG 4.9 5 4.10 –0.04 .05

36.97 17.54 DouglasEmmett DEI 6.2 36 17.93 –1.28 .28

184.05 115.02 Dover DOV 1.7 15 116.58 –3.17 .505

71.86 43.04 Dow DOW 6.4 5 43.93 +0.03 .70

91.25 27.06 Doximity DOCS ... 39 30.22 –0.30 ...

67.40 47.88 DrReddy'sLab RDY .6 22 52.34 +1.69.3171

41.23 18.17 Dril-Quip DRQ ... dd 19.52 –0.12 ...

2.92 0.60 DriveShack DS ... dd .62 –0.11 ...

25.25 12.64 DuckhornPtf NAPA ... 28 14.43 –0.17 ...

58.18 38.89 Ducommun DCO ... 4 39.66 –0.21 ...

116.33 92.80 DukeEnergy DUK 4.3 19 93.02 –10.691.005

66.22 47.12 DukeRealty DRE 2.3 19 48.20 –3.23 .28

21.15 12.33 Dun&Bradstreet DNB 1.6 dd 12.39 –0.65 .05

85.16 49.52 DuPont DD 2.6 14 50.40 –0.34 .33

81.40 20.05 DutchBros BROS ... dd 31.15 –1.04 ...

120.45 67.74 DycomInds DY ... 31 95.53 –3.10 ...

4.49 2.55 DynagasLNG DLNG ... 2 2.88 –0.15 ...

80.13 29.41 Dynatrace DT ... cc 34.81 +1.60 ...

18.15 11.50 DynexCapital DX 13.4 3 11.65 –1.97 .13

9.94 9.62 EG Acqn A EGGF ... 36 9.78 +0.02 ...

–52-Week– Tick Div

High Low Name Sym Yld P/E Last Chg. Amt.

41.31 20.49 elfBeauty ELF ... 72 37.62 –1.04 ...

135.98 95.64 EMCOR EME .5 16 115.48 +0.32 .15

32.56 20.38 ENI E 6.0 3 21.14 +0.29.3107

147.99 80.67 EOG Rscs EOG 2.7 11 111.73 +2.61 1.50

725.40 168.59 EPAM Systems EPAM ... 58 362.19 –1.93 ...

56.38 34.58 EPR Prop EPR 9.2 20 35.86 –2.49 .275

9.88 9.67 EQ Health A EQHA ... 28 9.88 +0.02 ...

51.97 17.95 EQT EQT 1.5 dd 40.75 –0.51 .15

58.08 32.36 ESAB ESAB .6 ... 33.36 –1.43 .05

96.01 60.03 ESCO Tech ESE .4 27 73.44 –1.63 .08

9.94 9.67 ESM Acqn A ESM ... 41 9.92 ... ...

28.92 2.59 ESSTech GWH ... dd 4.09 –0.05 ...

13.32 5.90 E2open ETWO ... dd 6.07 –0.06 ...

169.15 101.98 EagleMaterials EXP .9 11 107.18 +1.52 .25

22.25 9.14 EarthstoneEner ESTE ... 7 12.32 +1.08 ...

23.65 15.32 EasterlyGovtProp DEA 6.7 48 15.77 –0.88 .265

229.84 139.08 EastGroup EGP 3.5 28 144.34 –7.09 1.25

129.48 69.91 EastmanChem EMN 4.3 8 71.05 –1.64 .76

7.83 3.46 EastmanKodak KODK ... 77 4.59 –0.25 ...

175.72 122.50 Eaton ETN 2.4 23 133.36 –0.78 .81

238.93 143.34 Ecolab ECL 1.4 38 144.42 –4.84 .51

19.81 8.59 Ecopetrol EC 16.3 3 8.93 –0.26.7966

13.79 8.24 Ecovyst ECVT ... 13 8.44 –0.36 ...

51.86 32.00 EdgewellPersonal EPC 1.6 19 37.40 –0.86 .15

73.32 54.98 EdisonInt EIX 4.9 43 56.58 –8.28 .70

131.73 81.87 EdwardsLife EW ... 36 82.63 –2.11 ...

24.81 3.40 8x8 EGHT ... dd 3.45 –0.26 ...

35.00 12.39 ElancoAnimal ELAN ... dd 12.41 –0.81 ...

189.84 50.74 Elastic ESTC ... dd 71.74 +3.64 ...

12.49 5.06 EldoradoGold EGO ... dd 6.03 +0.68 ...

26.92 16.07 ElementSolns ESI 2.0 25 16.27 –0.55 .08

533.68 363.37 ElevanceHealth ELV 1.1 18 454.24 +0.39 1.28

4.26 1.05 ElevateCredit ELVT ... dd 1.10 –0.04 ...

18.95 11.28 EllingtonFin EFC 15.8 dd 11.37 –1.91 .15

12.44 5.90 EllingtonResiMtg EARN15.6 dd 6.17 –1.00 .08

9.91 9.63 ElliottOppIIA EOCW ... 31 9.84 +0.01 ...

11.88 8.28 EmbotellAndinaA AKO.A14.4 7 8.79 +0.31.1281

14.14 9.63 EmbotellAndinaB AKO.B13.8 7 10.13 –0.33.1409

19.40 7.91 Embraer ERJ ... cc 8.60 –1.08 ...

5.10 2.42 EmeraldHldg EEX ... dd 3.38 +0.05 ...

55.35 20.06 EmergentBiosol EBS ... 12 20.99 +0.13 ...

100.47 72.41 EmersonElec EMR 2.8 14 73.22 –0.62 .515

11.07 6.38 EmpireStateRealty ESRT 2.1 dd 6.56 –0.27 .035

43.46 33.78 EmployersHldgs EIG 3.0 19 34.49 –1.32 .26

9.91 9.69 Empower&IncA EPWR ... 24 9.88 +0.01 ...

7.89 3.88 EmpresaDisCom EDN ... dd 6.70 +0.73 ...

47.67 36.21 Enbridge ENB 7.2 19 37.10 –0.93.6748

60.14 42.17 EncompassHealth EHC 1.3 14 45.23 –2.49 .28

172.41 73.20 Endava DAVA ... 42 80.63 +3.69 ...

35.28 17.42 Endeavor EDR ... 15 20.26 +0.55 ...

5.95 2.47 EndeavourSilver EXK ... dd 3.02 +0.37 ...

2.44 0.98 EnelChile ENIC 1.1 22 1.38 –0.10.0154

41.62 24.81 Energizer ENR 4.8 9 25.14 –1.89 .30

12.49 7.96 EnergyTransfer ET 8.3 9 11.03 +0.49 .23

22.10 3.97 EnergyVault NRGV ... dd 5.28 +0.84 ...

23.66 16.09 EnerpacTool EPAC .2 63 17.83 +1.47 .04

18.58 7.90 Enerplus ERF 1.1 7 14.17 +0.82 .05

86.82 55.60 EnerSys ENS 1.2 19 58.17 –0.80 .175

17.95 4.81 Eneti NETI .6 17 6.67 –0.72 .01

23.21 7.80 Enfusion ENFN ... dd 12.34 +0.38 ...

35.94 15.64 EngageSmart ESMT ... dd 20.69 +2.19 ...

25.25 11.65 Enhabit EHAB ... ... 14.04 –0.64 ...

22.67 16.55 Ennis EBF 5.0 14 20.13 –0.53 .25

47.88 25.80 EnovaIntl ENVA ... 5 29.27 –1.14 ...

94.03 45.40 Enovis ENOV ... 22 46.07 –1.99 ...

10.05 9.57 EnphysAcqnA NFYS ... 47 9.76 +0.02 ...

117.63 76.14 EnPro NPO 1.3 10 84.98 –1.48 .28

126.82 99.09 Entergy ETR 4.0 17 100.63 –10.96 1.01

28.65 20.42 EnterpriseProd EPD 8.0 11 23.78 +0.16 .475

9.34 3.96 Entravision EVC 2.5 13 3.97 –0.25 .025

85.99 44.33 Envestnet ENV ... dd 44.40 –2.26 ...

52.03 32.62 Envista NVST ... 21 32.81 –1.86 ...

91.06 52.77 Enviva EVA 5.9 dd 60.06 –3.96 .905

4.15 1.98 EnzoBiochem ENZ ... dd 2.23 +0.08 ...

300.11 165.63 Equifax EFX .9 28 171.43 –3.48 .39

42.53 24.17 Equinor EQNR 1.8 7 33.11 +0.96 .40

37.13 24.61 Equitable EQH 3.0 3 26.35 –1.13 .20

11.52 5.87 EquitransMdstm ETRN 8.0 dd 7.48 –0.64 .15

28.84 23.88 EquityCommnwlth EQC .0 dd 24.36 –1.19 1.00

88.70 61.63 EquityLife ELS 2.6 41 62.84 –5.35 .41

94.32 65.58 EquityResdntl EQR 3.7 20 67.22 –1.17 .625

2.72 1.34 EquusTotReturn EQS ... 9 1.64 –0.10 ...

12.65 8.89 ErmenegildoZegna ZGN .9 ... 10.75 +0.82.0947

20.95 8.07 EroCopper ERO ... 6 11.00 +1.56 ...

50.17 34.27 EssentGroup ESNT 2.5 4 34.87 –1.13 .22

31.23 18.95 EssentialProp EPRT 5.6 20 19.45 –1.34 .27

53.93 40.97 EssentialUtil WTRG 2.8 24 41.38 –2.96 .287

363.36 236.01 EssexProp ESS 3.6 41 242.23 –5.85 2.20

374.20 215.86 EsteeLauder EL 1.1 33 215.90 –13.12 .60

28.04 19.60 EthanAllen ETD 6.1 5 21.14 –0.63 .50

19.16 7.91 Euronav EURN .8 dd 15.39 –1.34 .03

13.34 5.30 EveHolding EVEX ... 31 9.24 –2.54 ...

10.25 9.70 EVeMobilityA EVE ... dd 10.09 +0.03 ...

22.52 6.00 Eventbrite EB ... dd 6.08 –0.24 ...

164.63 78.67 EvercoreA EVR 3.5 5 82.25 +0.56 .72

10.07 9.80 EverestConsolA MNTN ... dd 10.05 +0.01 ...

308.20 244.58 EverestRe RE 2.5 13 262.44 +7.32 1.65

73.13 59.26 Evergy EVRG 3.9 17 59.40 –5.55.5725

26.61 15.05 Everi EVRI ... 10 16.22 +0.20 ...

94.63 77.07 EversourceEner ES 3.3 20 77.96 –8.89.6375

51.06 30.72 Evertec EVTC .6 15 31.35 –0.59 .05

39.78 21.36 EvolentHealth EVH ... dd 35.93 +0.88 ...

49.38 30.44 EvoquaWater AQUA ... 70 33.07 –1.09 ...

30.82 18.31 ExcelerateEner EE .4 ... 23.40 +0.88 .025

10.24 9.75 ExecutiveNtwkA ENPC ... dd 9.98 +0.05 ...

4.93 1.07 Express EXPR ... 5 1.09 –0.01 ...

21.36 8.82 Expro XPRO ... dd 12.74 +1.07 ...

7.70 2.67 Exterran EXTN ... dd 4.16 –0.01 ...

228.84 156.70 ExtraSpaceSt EXR 3.5 26 172.71 –0.02 1.50

105.57 57.96 ExxonMobil XOM 4.0 10 87.31 +1.56 .88

F

9.94 9.63 FastAcqnII A FZT ... 31 9.82 +0.01 ...

48.04 37.00 FB Financial FBK 1.4 12 38.21 –1.29 .13

16.44 0.79 F45Training FXLV ... dd 3.09 +0.93 ...

43.48 6.93 Figs FIGS ... 43 8.25 –0.77 ...

140.99 87.42 FMC FMC 2.0 20 105.70 +0.90 .53

14.11 10.48 FNB FNB 4.1 11 11.60 –0.18 .12

16.57 6.42 FreyrBattery FREY ... dd 14.24 +0.36 ...

23.44 16.70 FS KKR Cap FSK 15.8 8 16.95 –1.51 .06

190.43 132.36 FTI Consulting FCN ... 27 165.71 +6.13 ...

126.28 74.57 Fabrinet FN ... 18 95.45 +3.24 ...

495.40 345.92 FactSet FDS .9 39 400.11 +7.44 .89

531.03 340.48 FairIsaac FICO ... 30 412.01 –15.90 ...

11.30 9.76 FarPeakAcqnA FPAC ... 17 9.89 ... ...

47.30 6.52 Farfetch FTCH ... 2 7.45 –1.12 ...

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:35

October 3, 2022 BARRON’S 35

DATA NEW YORK STOCK EXCHANGE COMPOSITE LIST BARRONS.COM/DATA

–52-Week– Tick Div

High Low Name Sym Yld P/E Last Chg. Amt.

–52-Week– Tick Div

High Low Name Sym Yld P/E Last Chg. Amt.

–52-Week– Tick Div

High Low Name Sym Yld P/E Last Chg. Amt.

–52-Week– Tick Div

High Low Name Sym Yld P/E Last Chg. Amt.

–52-Week– Tick Div

High Low Name Sym Yld P/E Last Chg. Amt.

108.10 70.12 HyattHotels H ... 39 80.96 +2.16 ...

9.12 2.69 Hyliion HYLN ... dd 2.87 –0.09 ...

52.20 21.43 HysterYaleMatls HY 6.0 dd 21.51 –4.82.3225

I

61.17 31.32 IAA IAA ... 14 31.85 –0.35 ...

23.49 16.36 ICICI Bank IBN .5 20 20.97 –0.52.1124

12.96 7.29 ICL Group ICL 1.9 6 8.18 +0.02.2918

118.92 95.26 IDACORP IDA 3.0 21 99.01 –9.40 .75

67.30 21.68 IDT IDT ... 14 24.83 +1.07 ...

18.48 5.47 IHS Holding IHS ... dd 5.58 –0.38 ...

15.97 8.14 ING Groep ING 11.6 ... 8.50 –0.44.1737

4.83 0.70 INNOVATE VATE ... dd .70 –0.17 ...

26.82 13.70 Invesco IVZ 5.5 6 13.70 –1.52.1875

9.89 9.65 IonAcqn3 IACC ... dd 9.87 –0.01 ...

285.61 180.16 IQVIA IQV ... 30 181.14 –8.29 ...

5.77 3.16 IRSA IRS ... dd 4.07 +0.30 ...

105.54 63.77 ITT ITT 1.6 16 65.34 –1.56 .264

3.77 0.92 IamGold IAG ... dd 1.07 +0.06 ...

9.94 9.68 IberePharmA IBER ... 24 9.91 –0.03 ...

10.18 9.83 IconicSportsA ICNC ... 16 10.14 +0.02 ...

240.33 172.19 IDEX IEX 1.2 30 199.85 +0.54 .60

5.47 1.10 iHuman IH ... dd 2.20 +0.30 ...

249.81 173.52 IllinoisToolWks ITW 2.9 21 180.65 –7.08 1.31

22.10 13.44 Imax IMAX ... dd 14.12 +0.25 ...

7.40 2.42 IndependenceContr ICD ... dd 3.00 +0.04 ...

28.42 15.97 IndepRealty IRT 3.3 26 16.73 –0.74 .14

10.15 9.80 IndlHumanCap AXH ... dd 10.15 +0.01 ...

48.44 36.98 IndustrsBachoco IBA 2.0 7 46.04 –1.00.4887

10.11 9.72 InfiniteAcqnA NFNT ... dd 9.97 +0.02 ...

10.16 9.83 InFinTAcqnA IFIN ... dd 10.14 ... ...

40.13 16.20 Informatica INFA ... dd 20.07 +0.10 ...

26.39 16.39 Infosys INFY 1.4 24 16.97 +0.36.2104

62.64 39.28 IngersollRand IR .2 29 43.26 –0.81 .02

83.65 56.31 Ingevity NGVT ... 16 60.63 –0.73 ...

101.89 78.81 Ingredion INGR 3.5 12 80.52 +0.42 .71

288.02 87.47 InnovativeIndProp IIPR 8.1 17 88.50 –3.57 1.80

10.00 1.62 Innovid CTV ... dd 2.71 +0.61 ...

10.00 9.69 InsightAcqnA INAQ ... 41 9.86 –0.03 ...

129.32 83.94 Insperity NSP 2.0 28 102.09 –0.96 .52

286.29 142.74 InspireMedical INSP ... dd 177.37 +5.78 ...

141.43 69.44 InstalledBldg IBP 1.6 15 80.99 +1.80 .315

47.70 26.02 InsteelInds IIIN .5 4 26.53 –0.08 .03

29.59 15.68 Instructure INST ... dd 22.28 –0.04 ...

95.73 59.18 IntegerHoldings ITGR ... 28 62.23 +0.31 ...

10.09 9.80 IntegratedRailA IRRX ... 76 10.06 +0.02 ...

10.13 9.80 IntegratedWellA WEL ... dd 10.11 +0.01 ...

139.79 90.05 ICE ICE 1.7 15 90.35 –2.89 .38

73.40 47.06 InterContinentl IHG 2.7 21 48.61 +0.91 .439

37.64 19.65 IntercorpFinSvcs IFS 8.7 6 20.06 –0.97 .65

144.73 114.56 IBM IBM 5.6 19 118.81 –3.90 1.65

155.00 89.96 IntlFlavors IFF 3.6 36 90.83 –5.90 .81

32.95 15.01 IntlGameTech IGT 5.1 20 15.80 +0.37 .20

56.57 31.13 IntlPaper IP ... 7 31.70 –1.40 ...

36.72 13.05 IntlSeaways INSW 1.4 dd 35.13 +1.45 .12

9.86 9.52 InterPrivateII A IPVA ... ... 9.84 ... ...

9.97 9.75 InterPrivateII A IPVF ... dd 9.79 –0.06 ...

39.98 25.14 Interpublic IPG 4.5 10 25.60 –0.21 .29

121.72 30.56 IntrepidPotash IPI ... 2 39.57 +1.26 ...

5.36 0.76 Invacare IVC ... dd .78 –0.09 ...

32.93 1.10 InvenTrust IVT 3.8 32 21.33 –2.03.2052

34.00 9.63 InvescoMtg IVR 23.4 dd 11.10 –2.38 .65

29.15 1.83 Invitae NVTA ... dd 2.46 +0.02 ...

45.80 33.15 InvitatHomes INVH 2.6 74 33.77 –1.26 .22

35.90 4.16 IonQ IONQ ... dd 5.07 +0.30 ...

58.61 41.67 IronMountain IRM 5.6 35 43.97 –2.63.6185

17.00 0.69 IronNet IRNT ... dd .69 –0.17 ...

13.14 2.20 ironSource IS ... 53 3.44 –0.12 ...

27.75 8.64 iStar STAR 5.4 dd 9.26 –1.37 .125

3.94 2.50 ItauCorpBanca ITCB 3.9 4 2.87 –0.08 .165

5.89 3.60 ItauUnibanco ITUB 2.6 10 5.17 –0.20.0029

J

10.06 9.79 JattAcqnA JATT ... 19 10.05 ... ...

31.09 18.38 JBG SMITH Prop JBGS 4.8 33 18.58 –1.11 .225

28.30 8.63 JELD-WEN JELD ... 6 8.75 –0.53 ...

20.89 12.47 J.Jill JILL ... 5 16.61 –0.02 ...

172.96 104.40 JPMorganChase JPM 3.8 8 104.50 –4.64 1.00

72.11 48.80 Jabil JBL .6 8 57.71 +1.47 .08

9.99 9.70 JacksonAcqnA RJAC ... 14 9.96 +0.02 ...

47.76 23.56 JacksonFinl JXN 7.9 0 27.75 –1.40 .55

150.32 107.76 JacobsSolns J .8 30 108.49 –5.42 .23

41.85 19.23 JamesHardie JHX 2.6 18 19.78 +0.10 .30

48.55 20.27 JanusHenderson JHG 7.7 7 20.31 –1.52 .39

14.63 7.95 JanusIntl JBI ... 18 8.92 –0.09 ...

9.95 9.66 JawsMustangA JWSM ... 38 9.94 –0.01 ...

44.47 25.88 JefferiesFin JEF 4.1 7 29.50 –0.48 .30

2.22 0.73 JianpuTech JT ... dd 1.62 –0.08 ...

76.92 35.41 JinkoSolar JKS ... dd 55.39 +1.74 ...

10.22 3.61 JobyAviation JOBY ... dd 4.33 –0.62 ...

177.56 81.59 JohnBeanTech JBT .5 23 86.00 +2.76 .10

186.69 155.72 J&J JNJ 2.8 24 163.36 –3.36 1.13

81.77 45.52 JohnsonControls JCI 2.8 33 49.22 –1.45 .35

275.77 147.23 JonesLang JLL ... 8 151.07 –2.27 ...

20.64 4.47 JumiaTech JMIA ... dd 5.81 –0.19 ...

10.12 9.72 JuniperII A JUN ... 33 9.99 +0.02 ...

38.14 25.73 JuniperNetworks JNPR 3.2 22 26.12 –0.26 .21

K

22.10 11.15 KAR Auction KAR ... dd 11.17 –0.96 ...

55.31 30.14 KB Financial KB 6.9 3 30.14 –3.87.3829

50.20 24.78 KB Home KBH 2.3 3 25.92 –1.28 .15

56.94 39.24 KBR KBR 1.1 45 43.22 –1.49 .12

25.98 7.31 KE Holdings BEKE ... dd 17.52 +1.22 ...

9.90 9.70 KKR AcqnI A KAHC ... 38 9.84 +0.02 ...

83.90 42.73 KKR KKR 1.4 34 43.00 –0.89 .155

23.40 15.99 KKR RealEstFin KREF10.6 9 16.25 –1.84 .43

9.50 1.91 KoreGroup KORE ... dd 1.91 –0.18 ...

15.30 12.18 KT KT 5.2 5 12.22 –0.48.5639

240.47 165.37 Kadant KAI .6 17 166.81 –2.24 .26

14.23 0.97 Kaleyra KLR ... dd .97 –0.40 ...

46.50 27.73 Kaman KAMN 2.9 24 27.93 –0.76 .20

76.99 59.54 Kellogg K 3.4 16 69.66 –3.38 .59

70.65 40.90 Kemper KMPR 3.0 dd 41.26 –2.91 .31

41.22 20.21 Kennametal KMT 3.9 12 20.58 –0.19 .20

25.30 15.10 KennedyWilson KW 6.2 17 15.46 –0.88 .24

72.90 33.88 KenonHoldings KEN ... 1 34.27 –0.66 ...

10.97 9.98 KensingtonCapAcqnV KCGI.UT ... ... 10.11 –0.10 ...

10.38 9.71 KensingtonCapV A KCGI ... 22 9.97 ... ...

27.17 15.74 KeyCorp KEY 4.9 7 16.02 –0.40 .195

209.08 127.93 KeysightTechs KEYS ... 26 157.36 +0.51 ...

79.06 40.74 KilroyRealty KRC 5.1 25 42.11 –1.31 .54

10.76 9.94 KimbellTigerA TGR ... dd 10.13 +0.03 ...

145.79 112.38 KimberlyClark KMB 4.1 21 112.54 –7.75 1.16

26.57 17.71 KimcoRealty KIM 4.8 15 18.41 –0.40 .22

20.20 15.01 KinderMorgan KMI 6.7 16 16.64 +0.11.2775

8.18 4.85 KingswayFin KFS ... dd 6.94 –0.38 ...

7.13 3.00 KinrossGold KGC 3.2 dd 3.76 +0.45 .03

285.26 158.57 KinsaleCapital KNSL .2 41 255.42 +9.67 .13

75.08 47.58 Kirby KEX ... dd 60.77 +1.34 ...

23.35 16.42 KiteRealty KRG 4.8 dd 17.22 –0.49 .22

62.29 42.50 Knight-Swift KNX 1.0 9 48.93 +1.02 .12

10.88 9.84 KnightSwanA KNSW ... dd 10.03 +0.01 ...

20.30 12.34 KnotOffshore KNOP14.9 ... 13.98 –0.72 .52

23.81 12.05 Knowles KN ... dd 12.17 –0.45 ...

64.38 24.61 Kohl's KSS 8.0 5 25.15 –1.15 .50

48.31 14.79 KoninklijkePhil PHG 5.0 4 15.39 –0.47.9641

61.25 30.98 KontoorBrands KTB 5.5 8 33.61 –1.58 .46

37.44 20.11 Koppers KOP 1.0 7 20.78 –0.35 .05

10.18 6.65 KoreaElcPwr KEP .0 dd 6.80 –0.07.4875

84.68 46.47 KornFerry KFY 1.3 8 46.95 –0.38 .15

8.49 2.86 KosmosEnergy KOS ... 13 5.17 +0.25 ...

62.78 38.22 Kroger KR 2.4 13 43.75 –1.11 .26

19.78 8.71 KronosWorldwide KRO 8.1 6 9.34 –1.65 .19

6.25 0.47 KukeMusic KUKE ... dd .47 –0.20 ...

40.00 8.17 Kyndryl KD ... dd 8.27 –1.05 ...

L

163.33 96.32 LCI Inds LCII 4.1 5 101.46 –1.34 1.05

10.78 4.08 LG Display LPL 4.9 23 4.08 –0.51.2739

19.25 6.80 LL Flooring LL ... 8 6.93 –0.09 ...

27.45 7.92 LSB Inds LXU ... dd 14.25 +1.61 ...

45.49 31.36 LTC Properties LTC 6.1 16 37.45 –1.06 .19

279.71 200.71 L3HarrisTech LHX 2.2 21 207.83 –12.56 1.12

16.11 8.81 LXP Industrial LXP 5.2 8 9.16 –0.45 .12

39.99 22.21 La-Z-Boy LZB 2.9 6 22.57 –0.60 .165

317.17 204.59 LabCorp.ofAmerica LH 1.4 10 204.81 –6.85 .72

12.70 8.69 LadderCapital LADR10.3 11 8.96 –1.40 .23

83.29 49.71 LambWeston LW 1.3 56 77.38 –0.17 .245

3.03 0.43 Lannett LCI ... dd .45 –0.02 ...

120.86 51.23 LaredoPetrol LPI ... 2 62.85 +6.55 ...

48.27 28.88 LasVegasSands LVS ... dd 37.52 +2.05 ...

53.00 30.72 Lazard LAZ 6.3 7 31.83 –1.64 .50

195.43 118.38 Lear LEA 2.6 64 119.69 –3.57 .77

10.18 9.61 LearnCWInvtA LCW ... 17 9.87 –0.05 ...

48.37 32.97 Leggett&Platt LEG 5.3 12 33.22 –0.86 .44

111.12 81.07 Leidos LDOS 1.6 17 87.47 –1.22 .36

19.00 1.77 LejuHoldings LEJU ... dd 1.79 –0.04 ...

79.54 15.99 Lemonade LMND ... dd 21.18 –0.31 ...

49.21 10.91 LendingClub LC ... 4 11.05 –0.34 ...

117.54 62.54 Lennar A LEN 2.0 5 74.55 –2.52 .375

96.42 52.67 Lennar B LEN.B 2.5 4 59.51 –0.97 .375

334.78 182.85 LennoxIntl LII 1.9 17 222.67 –1.55 1.06

9.97 9.69 LeoHldgsII A LHC ... 35 9.96 +0.02 ...

28.62 14.43 LeviStrauss LEVI 2.8 10 14.47 –2.02 .12

14.28 5.32 Li-Cycle LICY ... dd 5.32 –0.47 ...

20.05 8.50 LibertyEnergy LBRT ... ... 12.68 +1.12 ...

154.45 100.66 LifeStorage LSI 3.9 29 110.76 –0.50 1.08

23.37 9.53 LifeTime LTH ... dd 9.75 –0.99 ...

1.83 0.87 LightInTheBox LITB ... dd 1.07 +0.06 ...

9.71 1.51 Lightng eMotors ZEV ... dd 1.55 –0.15 ...

102.34 15.03 Lightspeed LSPD ... dd 17.58 +0.75 ...

341.70 224.22 EliLilly LLY 1.2 52 323.35 +11.89 .98

77.57 43.01 LincolnNational LNC 4.1 9 43.91 –0.73 .45

352.18 262.47 Linde LIN 1.7 39 269.59 +0.44 1.17

171.69 116.77 Lindsay LNN .9 30 143.28 –0.67 .34

14.77 2.82 LionElectric LEV ... 3 2.86 –0.15 ...

18.84 6.90 LionsGate A LGF.A ... dd 7.43 –1.41 ...

17.29 6.54 LionsGate B LGF.B ... dd 6.95 –1.44 ...

366.36 209.00 LithiaMotors LAD .8 5 214.55 –14.39 .42

41.56 18.89 LithiumAmericas LAC ... dd 26.23 +0.24 ...

127.75 73.35 LiveNationEnt LYV ... dd 76.04 +0.77 ...

10.00 9.55 LiveOakCrestA LOCC ... dd 9.70 +0.01 ...

10.30 9.64 LiveOakCrestview LOCC.UT ... ... 9.77 +0.05 ...

9.88 9.67 LiveOakMobilityA LOKM ... 25 9.84 –0.01 ...

36.38 19.35 Livent LTHM ... 56 30.65 +0.08 ...

58.74 18.13 LiveRamp RAMP ... dd 18.16 –0.22 ...

12.27 6.75 LiveWire LVWR ... 41 7.18 –0.60 ...

3.00 1.73 LloydsBanking LYG 5.6 6 1.79 –0.17.0385

8.89 1.25 loanDepot LDI 24.2 dd 1.32 +0.03 .08

12.87 2.22 LocalBounti LOCL ... dd 2.84 +0.58 ...

479.99 324.23 LockheedMartin LMT 2.9 22 386.29 –26.78 2.80

68.20 49.36 Loews L .5 12 49.84 –1.16.0625

7.44 4.45 LomaNegra LOMA 4.1 14 6.23 +0.14.3895

9.97 9.68 LongviewII A LGV ... 30 9.82 –0.01 ...

79.77 48.20 LouisianaPacific LPX 1.7 3 51.19 +1.51 .22

263.31 170.12 Lowe's LOW 2.2 15 187.81 –0.32 1.05

7.80 2.47 LufaxHolding LU 18.5 3 2.54 –0.60 .17

14.50 7.27 LumenTech LUMN13.7 4 7.28 –0.85 .25

4.10 2.14 LumentFinance LFT 11.1 9 2.16 –0.11 .06

23.71 14.09 Luxfer LXFR 3.6 18 14.50 –0.04 .13

117.22 71.46 LyondellBasell LYB 6.3 5 75.28 +2.20 1.19

M

193.42 141.49 M&T Bank MTB 2.7 16 176.32 –2.59 1.20

17.90 8.91 MBIA MBI ... dd 9.20 –0.21 ...

56.53 27.26 MDC Holdings MDC 7.3 3 27.42 –1.05 .50

9.90 9.68 MDH Acqn A MDH ... 26 9.85 +0.01 ...

32.19 24.92 MDU Rscs MDU 3.2 17 27.35 –0.90.2175

19.06 7.74 MFA Financial MFA 22.6 dd 7.78 –1.96 .44

16.85 11.38 MGIC Investment MTG 3.1 6 12.82 –0.37 .10

51.17 26.41 MGM Resorts MGM .0 4 29.72 –0.33.0025

64.92 34.33 MI Homes MHO ... 2 36.23 –1.53 ...

17.39 4.45 MinisoGroup MNSO .0 17 5.49 +0.89 .152

13.92 1.41 MOGU MOGU ... ... 2.35 +0.02 ...

35.49 27.47 MPLX MPLX 9.4 10 30.01 +0.68 .705

60.19 26.19 MP Materials MP ... 21 27.30 –1.59 ...

13.45 6.38 MRC Global MRC ... dd 7.19 –0.03 ...

157.29 108.75 MSA Safety MSA 1.7 cc 109.28 –2.11 .46

679.85 376.41 MSCI MSCI 1.2 43 421.79 –0.54 1.25

87.99 71.33 MSC Industrial MSM 4.1 14 72.81 +0.70 .75

10.05 9.27 M3-Brigade II A MBAC ... 22 9.81 ... ...

10.17 9.65 M3-BrigadeIII A MBSC ... dd 10.08 +0.02 ...

15.14 7.53 MV Oil MVO 15.2 8 12.46 +1.14 .70

31.20 9.06 Mytheresa MYTE ... dd 11.52 –0.94 ...

22.88 7.40 Macerich MAC 7.6 dd 7.94 +0.09 .15

37.95 15.10 Macy's M 4.0 3 15.67 –0.05.1575

85.60 44.00 MSG Entertainment MSGE ... dd 44.09 –5.36 ...

203.37 136.61 MSG Sports MSGS ... 66 136.66 –6.53 ...

53.75 43.58 MagellanMid MMP 8.7 10 47.51 +1.061.0375

90.15 47.04 MagnaIntl MGA 3.8 21 47.42 –2.69 .45

22.28 10.11 Magnachip MX ... 7 10.24 –0.25 ...

30.31 17.23 MagnoliaOil MGY 3.0 5 19.81 +0.84 .10

10.04 9.74 MagnumOpusA OPA ... 63 9.93 +0.04 ...

47.13 32.95 MainStreetCap MAIN 7.8 9 33.64 –2.78 .22

20.08 10.41 ManchesterUnited MANU 1.4 dd 13.27 +0.20 .09

23.26 7.75 Manitowoc MTW ... 19 7.75 –0.58 ...

12.91 7.25 Manning&Napier MN 1.6 16 12.27 +0.45 .05

115.54 64.00 Manpower MAN 4.2 8 64.69 –0.65 1.36

22.19 15.48 ManulifeFin MFC 5.6 5 15.67 –0.15.2587

33.24 13.77 MarathonOil MRO 1.3 5 22.58 +0.68 .08

114.35 59.55 MarathonPetrol MPC 2.3 7 99.33 +7.88 .58

58.33 31.11 Marcus&Millichap MMI 1.5 8 32.78 –1.01 .25

22.32 13.41 Marcus MCS .0 dd 13.89 –0.42 .05

13.79 8.26 MarineProducts MPX 5.7 9 8.46 –0.14 .12

61.06 28.86 MarineMax HZO ... 3 29.79 –0.21 ...

1519.25 1064.09 Markel MKL ... cc 1084.22 –17.35 ...

7.69 1.72 Markforged MKFG ... 10 1.98 –0.02 ...

174.74 110.08 MarriottVacations VAC 2.0 21 121.86 –0.60 .62

183.14 142.80 Marsh&McLen MMC 1.6 23 149.29 –2.09 .59

446.46 284.99 MartinMarietta MLM .8 25 322.09 +2.04 .66

71.06 45.27 Masco MAS 2.4 13 46.69 –0.06 .28

9.85 9.65 MasonIndlTechA MIT ... 34 9.80 +0.02 ...

128.87 66.34 MasoniteIntl DOOR ... 12 71.29 +2.15 ...

104.21 62.64 MasTec MTZ ... 28 63.50 –9.44 ...

399.92 281.69 Mastercard MA .7 29 284.34 –9.24 .49

67.78 33.49 MatadorRscs MTDR .8 6 48.92 –0.47 .10

97.89 68.09 Materion MTRN .6 22 80.00 +3.33 .125

38.63 19.08 Mativ MATV 7.2 9 22.08 –1.96 .40

125.34 60.35 Matson MATX 2.0 2 61.52 –2.05 .31

12.36 8.51 MauiLand MLP ... 32 9.21 +0.18 ...

40.48 17.51 MaxarTech MAXR .2 28 18.72 –0.59 .01

88.13 56.50 Maximus MMS 1.9 19 57.87 –0.84 .28

19.90 6.36 MayvilleEngg MEC ... dd 6.51 –0.28 ...

107.35 71.19 McCormick MKC 2.1 28 71.27 –4.76 .37

107.02 71.92 McCormickVtg MKC.V 2.0 29 73.18 –2.34 .37

271.15 217.68 McDonald's MCD 2.4 28 230.74 –15.21 1.38

12.20 2.81 McEwenMining MUX ... dd 3.26 –0.02 ...

375.23 193.89 McKesson MCK .6 36 339.87 –3.40 .54

19.87 7.59 MediaAlpha MAX ... dd 8.75 +0.48 ...

24.13 11.35 MedicalProp MPW 9.8 6 11.86 –0.62 .29

235.71 107.00 Medifast MED 6.1 8 108.36 –4.03 1.64

128.85 80.39 Medtronic MDT 3.4 21 80.75 –1.91 .68

14.00 4.72 MemberCollect MCG ... dd 4.72 –0.34 ...

95.72 71.50 Merck MRK 3.2 13 86.12 –0.66 .69

57.17 28.38 MercuryGeneral MCY 4.5 dd 28.42 –1.68.3175

26.40 13.81 MeridianLink MLNK ... dd 16.28 +0.42 ...

125.01 62.51 MeritageHomes MTH ... 3 70.27 –3.07 ...

28.00 5.20 MesaRoyalty MTR 5.9 13 12.62 –0.33.1866

37.36 20.00 MesabiTrust MSB 23.5 7 21.51 +0.90 .84

12.00 0.70 MetaData AIU ... ... 1.03 ... ...

10.15 9.57 MetalsAcqn MTAL ... 37 9.79 +0.02 ...

49.94 33.91 MethodeElec MEI 1.5 15 37.15 +0.40 .14

73.18 57.05 MetLife MET 3.3 15 60.78 –1.08 .50

115.78 60.51 MetropolitanBk MCB ... 9 64.36 –1.94 ...

1714.75 1081.67 MettlerToledo MTD ... 31 1084.12 –47.89 ...

6.58 3.03 MicroFocus MFGP 4.3 dd 5.70 +0.10 .08

231.63 151.05 MidAmApt MAA 3.2 30 155.07 –3.10 1.25

37.99 21.00 MillerIndustries MLR 3.4 20 21.29 –0.47 .18

79.03 49.38 MineralsTechs MTX .4 10 49.41 –2.45 .05

11.95 5.40 MirionTech MIR ... dd 7.47 +0.52 ...

9.88 9.63 MissionAdvA MACC ... 37 9.82 ... ...

19.82 8.32 MisterCarWash MCW ... 20 8.58 –0.05 ...

11.29 4.39 MistrasGroup MG ... 55 4.46 –0.36 ...

6.78 4.50 MitsubishiUFJ MUFG 4.1 8 4.50 –0.35.1064

13.18 6.75 MiXTelematics MIXT 2.5 19 7.60 –0.01.0629

2.94 2.15 MizuhoFin MFG 4.5 8 2.21 –0.07.0611

37.25 20.95 ModelN MODN ... dd 34.23 +2.39 ...

17.52 7.67 ModineMfg MOD ... 7 12.94 –0.86 ...

89.99 14.31 Modiv MDV 7.9 dd 14.60 –0.60.0958

77.49 33.12 Moelis MC 7.1 7 33.81 –1.15 .60

199.37 88.85 MohawkInds MHK ... 6 91.19 –1.88 ...

361.25 249.78 MolinaHealthcare MOH ... 26 329.84 +1.10 ...

70.00 52.30 MolsonCoorsA TAP.A 2.5 18 61.40 +2.38 .38

60.12 42.46 MolsonCoorsB TAP 3.2 14 47.99 +0.31 .38

7.60 0.78 MoneyLion ML ... dd .89 –0.24 ...

80.42 28.36 MontroseEnvl MEG ... dd 33.65 –1.06 ...

407.94 242.70 Moody's MCO 1.2 26 243.11 –11.58 .70

90.01 67.77 Moog A MOG.A 1.5 14 70.35 –2.18 .26

90.13 68.48 Moog B MOG.B 1.5 14 71.40 –5.40 .26

109.73 72.05 MorganStanley MS 3.9 11 79.01 –2.50 .775

79.28 33.59 Mosaic MOS 1.2 6 48.33 –0.20 .15

10.40 9.75 MotiveCapII A MTVC ... dd 9.99 –0.03 ...

273.65 195.18 MotorolaSol MSI 1.4 32 223.97 –4.79 .79

48.66 27.72 Movado MOV 5.0 6 28.18 –0.67 .35

70.38 41.10 MuellerIndustries MLI 1.7 5 59.44 +1.45 .25

17.37 9.90 MuellerWater MWA 2.3 18 10.27 +0.23 .058

6.19 2.83 MultiPlan MPLN ... 11 2.86 –0.10 ...

45.79 23.50 MurphyOil MUR 2.8 11 35.17 +1.83 .25

303.09 159.97 MurphyUSA MUSA .5 13 274.91 +8.98 .32

9.90 9.65 MusicAcqnA TMAC ... 22 9.84 –0.02 ...

25.55 15.82 MyersIndustries MYE 3.3 12 16.47 –0.34 .135

24.09 7.67 MyovantSciences MYOV ... dd 17.96 +1.14 ...

N

63.19 28.32 NACCO Inds NC 1.8 4 47.03 +0.84.2075

14.41 8.12 N-able NABL ... cc 9.23 +0.22 ...

45.92 18.98 NCR NCR ... 41 19.01 –1.84 ...

2.91 1.21 NGL Energy NGL ... dd 1.30 –0.05 ...

44.27 11.67 NIO NIO ... dd 15.77 –1.87 ...

10.71 5.51 NL Industries NL 3.6 5 7.73 –0.05 .07

24.06 11.46 NOV NOV 1.2 dd 16.18 +1.00 .05

13.40 7.00 NOW DNOW ... 15 10.05 +0.74 ...

47.82 34.70 NRG Energy NRG 3.7 3 38.27 –2.36 .35

5982.45 3576.01 NVR NVR ... 10 3987.08 –70.59 ...

10.08 9.86 NaborsEnerA NETC ... dd 10.05 –0.01 ...

207.67 72.46 NaborsIndustries NBR ... dd 101.45 +7.05 ...

48.24 36.04 NatlBankHoldings NBHC 2.5 14 36.99 –1.21 .23

75.97 52.38 NationalFuelGas NFG 3.1 11 61.55 –3.00 .475

80.20 51.12 NationalGrid NGG 6.2 12 51.53 –4.792.0929

67.16 50.22 NatlHealthInv NHI 6.4 38 56.53 –2.71 .90

89.50 59.99 NatlPrestoInds NPK 1.5 27 65.05 –0.44 3.50

48.90 38.91 NatlRetailProp NNN 5.5 23 39.86 –1.70 .55

70.04 40.02 NatlStorage NSA 5.3 42 41.58 –0.72 .55

17.11 4.67 Natura&Co NTCO .9 dd 5.46 –0.43.0492

15.00 9.11 NaturalGasSvcs NGS ... dd 10.04 –0.08 ...

24.25 10.50 NaturalGrocers NGVC 3.7 9 10.79 –0.63 .10

50.82 23.69 NaturalResPtrs NRP 6.8 4 44.25 +2.70 .75

19.50 5.77 Natuzzi NTZ ... dd 6.20 –0.78 ...

7.53 4.79 NatWest NWG 5.8 6 4.99 –0.37.3958

11.40 1.56 Nautilus NLS ... dd 1.63 –0.10 ...

15.21 7.89 NavigatorHldgs NVGS ... cc 11.45 +0.47 ...

6.69 1.90 NaviosMaritime NM ... 0 1.90 –0.14 ...

99.79 72.94 Nelnet NNI 1.2 7 79.19 –0.65 .24

10.40 1.59 NerdyA NRDY ... 40 2.11 –0.01 ...

25.60 17.07 Netstreit NTST 4.5 87 17.81 –0.63 .20

121.78 39.41 Nevro NVRO ... dd 46.60 +2.87 ...

47.50 34.84 NewJerseyRscs NJR 4.0 17 38.70 –4.07 .39

29.80 8.40 NewOrientalEduc EDU ... ... 23.97 +1.93 ...

129.70 41.66 NewRelic NEWR ... dd 57.38 +3.04 ...

13.75 2.73 NewYorkCityReit NYC 12.4 dd 3.23 –0.16 .10

14.33 8.49 NY CmntyBcp NYCB 8.0 7 8.53 –0.38 .17

56.19 27.59 NYTimes A NYT 1.3 25 28.75 +0.78 .09

378.63 280.28 NewMarket NEU 2.8 16 300.83 +7.88 2.10

86.37 40.00 Newmont NEM 5.2 42 42.03 +0.78 .55

4.81 2.38 NewparkResources NR ... dd 2.52 +0.01 ...

12.86 4.82 NexaResources NEXA 6.4 4 5.16 –0.02.3775

6.56 3.39 NexGenEnergy NXE ... dd 3.67 +0.13 ...

25.98 14.91 NexPointRealEst NREF13.4 5 14.98 –3.20 .50

95.04 43.91 NexPointResidentl NXRT 3.3 75 46.21 –2.46 .38

18.59 2.47 Nextdoor KIND ... dd 2.79 –0.05 ...

93.73 67.22 NextEraEnergy NEE 2.2 60 78.41 –4.11 .425

12.50 3.21 NexTierOilfield NEX ... 47 7.40 +0.52 ...

98.20 69.46 NicoletBankshares NIC ... 13 70.44 –2.65 ...

27.92 16.02 NielsenHoldings NLSN .9 17 27.72 –0.08 .06

179.10 82.50 Nike NKE 1.5 24 83.12 –13.90 .305

8.10 0.79 NineEnergy NINE ... dd 2.64 +0.29 ...

32.59 24.02 NiSource NI 3.7 17 25.19 –2.85 .235

47.92 12.85 NoahHoldings NOAH ... 5 13.21 –0.74 ...

6.40 4.19 Nokia NOK .7 13 4.27 +0.01.0205

28.92 14.10 NomadFoods NOMD ... 11 14.20 –2.22 ...

4.99 3.26 NomuraHoldings NMR 4.8 12 3.30 –0.07.1081

3.60 1.40 NordicAmTankers NAT 2.6 dd 2.67 –0.37 .03

36.43 16.14 Nordstrom JWN 4.5 7 16.73 –1.23 .19

299.20 209.59 NorfolkSouthern NSC 2.3 17 209.65 –8.00 1.24

17.79 9.20 NorthAmConstr NOA 2.6 8 9.57 –0.10.0625

20.72 7.61 NoEuroOil NRT 8.5 12 14.45 +0.07 .46

9.95 9.62 NorthernGenIII NGC ... 31 9.81 +0.02 ...

39.10 17.52 NorthernOil&Gas NOG 3.6 13 27.41 +1.64 .25

9.97 9.67 NorthernStrII A NSTB ... 12 9.87 +0.01 ...

9.88 9.65 NorthernStrIII A NSTC ... 30 9.85 +0.04 ...

9.85 9.67 NorthernStrIV A NSTD ... 24 9.82 +0.01 ...

515.49 345.90 NorthropGrum NOC 1.5 13 470.32 –8.50 1.73

57.63 43.07 NorthwestNat NWN 4.4 17 43.38 –3.51.4825

29.45 10.31 NorwegCruise NCLH ... dd 11.36 –2.19 ...

9.57 3.38 NouveauMonde NMG ... dd 5.40 +0.16 ...

94.26 74.09 Novartis NVS 2.8 7 76.01 ...2.1823

122.16 91.51 NovoNordisk NVO 1.1 30 99.63 +1.70.5836

12.24 3.26 NuHoldings NU ... dd 4.40 –0.32 ...

56.76 33.29 NuSkinEnts NUS 4.6 15 33.37 –3.06 .385

187.90 88.50 Nucor NUE 1.9 3 106.99 +1.12 .50

15.85 8.56 NuScalePower SMR ... dd 11.68 –0.89 ...

18.05 12.80 NuSTAREnergy NS 11.9 dd 13.50 –0.04 .40

117.25 65.18 Nutrien NTR 2.3 7 83.38 +0.44 .48

10.45 1.92 NuvationBio NUVB ... dd 2.24 +0.19 ...

39.53 29.19 nVentElectric NVT 2.2 18 31.61 +0.12 .175

O

30.93 22.23 OFGBancorp OFG 3.2 8 25.13 –1.00 .20

42.91 32.49 OGE Energy OGE 4.5 8 36.46 –3.46.4141

17.94 10.64 O-I Glass OI ... 4 12.95 +0.55 ...

92.26 63.23 ONE Gas OGS 3.5 18 70.39 –8.21 .62

75.07 50.50 ONEOK OKE 7.3 15 51.24 –1.52 .935

20.70 8.32 ON24 ONTF ... dd 8.80 ... ...

48.87 13.29 OakStreetHealth OSH ... dd 24.52 –0.23 ...

77.13 26.05 OccidentalPetrol OXY .8 6 61.45 +2.72 .13

55.04 10.50 OccidentalPetrolWt OXY.WT ... ... 39.62 +2.74 ...

18.20 7.25 OceaneeringIntl OII ... dd 7.96 +0.33 ...

41.92 17.76 OcwenFinancial OCN ... 3 23.27 –3.45 ...

9.20 1.07 Offerpad OPAD ... 10 1.21 –0.01 ...

37.20 22.80 OilDriAmerica ODC 4.6 cc 24.20 –0.55 .28

9.02 3.51 OilStatesIntl OIS ... dd 3.89 +0.23 ...

27.19 20.27 OldRepublic ORI 4.4 6 20.93 –0.04 1.00

67.25 41.33 Olin OLN 1.9 5 42.88 –1.21 .20

32.76 7.16 Olo OLO ... dd 7.90 –0.03 ...

33.71 24.81 OmegaHealthcare OHI 9.1 16 29.49 –0.60 .67

91.61 61.31 Omnicom OMC 4.4 10 63.09 –0.15 .70

55.87 15.90 OnHolding ONON ... dd 16.05 –1.11 ...

36.60 20.45 OneLiberty OLP 8.6 12 21.02 –2.48 .45

4.13 0.70 OneConnectFinTech OCFT ... dd .72 –0.13 ...

60.38 28.77 OneMain OMF 12.9 4 29.52 –1.45 .95

10.89 0.32 OnionGlobal OG ... dd .34 –0.04 ...

106.09 59.95 OntoInnovation ONTO ... 17 64.05 –2.03 ...

24.28 10.82 Ooma OOMA ... dd 12.30 ... ...

54.98 28.88 Oppenheimer A OPY 1.9 4 30.98 –0.63 .15

8.43 2.03 OppFi OPFI ... 1 2.30 –0.01 ...

106.34 60.78 Oracle ORCL 2.1 29 61.07 –3.48 .32

12.71 8.94 Orange ORAN ... 5 8.99 –0.38 ...

25.30 8.10 OrchidIsland ORC 23.4 dd 8.20 –2.02 .16

39.48 23.33 Organon OGN 4.8 5 23.40 –2.35 .28

20.99 13.19 OrionEngCarbons OEC .6 10 13.35 –1.25.0207

5.50 2.10 OrionGroup ORN ... dd 2.64 +0.25 ...

32.25 8.42 OrionOffice ONL 4.6 dd 8.75 –0.36 .10

112.91 70.59 Orix IX 4.2 6 70.67 –4.731.7813

98.47 60.32 OrmatTech ORA .6 77 86.20 –4.58 .12

18.89 3.89 OscarHealth OSCR ... dd 4.99 +0.07 ...

125.16 69.30 Oshkosh OSK 2.1 15 70.29 –1.65 .37

10.00 9.63 OsirisAcqn OSI ... 28 9.80 +0.03 ...

13.83 3.84 OsiskoDevelopment ODV ... dd 4.55 –0.06 ...

14.57 9.20 OsiskoGoldRoyal OR 1.6 dd 10.18 +0.72.0427

88.22 63.74 OtisWorldwide OTIS 1.8 22 63.80 –1.98 .29

7.95 0.91 Ouster OUST ... dd .96 –0.03 ...

29.36 14.97 OutfrontMedia OUT 7.9 19 15.19 –0.80 .30

3.39 1.64 OverseasShip OSG ... dd 2.97 +0.20 ...

63.30 29.52 Ovintiv OVV 2.2 5 46.00 +3.38 .25

49.11 24.09 Owens&Minor OMI .0 12 24.10 –1.58.0025

101.12 72.97 OwensCorning OC 1.8 7 78.61 +1.61 .35

15.33 10.28 OwlRock ORCC12.0 13 10.37 –1.12 .31

5.78 1.03 Owlet OWLT ... dd 1.07 +0.03 ...

119.50 76.21 OxfordIndustries OXM 2.5 9 89.78 +1.94 .55

P Q

44.12 10.58 PBF Energy PBF ... 3 35.16 +5.28 ...

19.65 10.65 PBF Logistics PBFX 6.4 8 18.89 +1.46 .30

13.54 9.53 PG&E PCG ... cc 12.50 –0.11 ...

23.36 15.42 PGT Innovations PGTI ... 19 20.96 +1.56 ...

4.98 2.07 PHX Minerals PHX 2.5 16 3.24 +0.30 .02

89.50 54.48 PJT Partners PJT 1.5 17 66.82 +0.89 .25

39.00 24.66 PLDT PHI 4.7 9 25.30 –1.34.8451

10.02 9.78 PMV Consumer PMVC ... 19 9.90 –0.10 ...

228.14 146.39 PNC Fin PNC 4.0 12 149.42 –2.50 1.50

50.11 43.43 PNM Resources PNM 3.0 25 45.73 –1.02.3475

69.94 36.53 POSCO PKX 8.2 2 36.61 –4.00.7382

177.32 107.06 PPG Ind PPG 2.2 24 110.69 –1.63 .62

30.99 24.98 PPL PPL 3.6 26 25.35 –2.80 .225

50.79 14.52 ProgHoldings PRG ... 6 14.98 –2.28 ...

10.05 9.79 ProofAcqnIA PACI ... dd 10.01 +0.02 ...

39.60 18.09 PROS PRO ... dd 24.70 +1.87 ...

17.14 10.09 P10 PX 1.1 50 10.52 –0.09 .03

125.42 43.49 PVH PVH .3 3 44.80 –3.71.0375

168.50 110.73 PackagingCpAm PKG 4.5 10 112.29 –1.68 1.25

44.93 21.72 PagerDuty PD ... dd 23.07 +0.56 ...

53.05 9.45 PagSeguroDig PAGS ... 17 13.23 –0.47 ...

27.11 6.44 PalantirTech PLTR ... dd 8.13 +0.73 ...

27.95 16.35 PampaEnergia PAM ... 4 22.77 –0.95 ...

21.10 11.66 ParPacific PARR ... 10 16.41 +1.61 ...

73.45 28.87 ParTechnology PAR ... dd 29.53 –0.52 ...

10.05 9.73 ParabellumAcqn PRBM ... 22 9.89 ... ...

25.41 12.35 Paragon28 FNA ... dd 17.82 +0.33 ...

11.54 6.00 ParamountGroup PGRE 5.0 cc 6.23 –0.20.0775

14.53 10.61 ParkAerospace PKE 3.6 30 11.04 –0.37 .10

21.62 10.98 ParkHotels PK .4 dd 11.26 –0.64 .01

340.00 230.44 ParkerHannifin PH 2.2 24 242.31 –2.31 1.33

43.84 29.25 Parsons PSN ... 51 39.20 –0.15 ...

9.21 1.04 PartyCity PRTY ... 2 1.58 –0.19 ...

558.97 255.82 PaycomSoftware PAYC ... 84 329.99 +4.24 ...

36.79 9.21 Paymentus PAY ... cc 9.72 +0.04 ...

8.46 1.33 Paysafe PSFE ... dd 1.38 –0.06 ...

33.29 8.58 PeabodyEnergy BTU ... 5 24.82 +4.92 ...

11.07 7.68 Pearson PSO 2.6 20 9.55 +0.21.8062

26.45 14.24 PebblebrookHotel PEB .3 dd 14.51 –0.63 .01

29.07 16.33 PediatrixMedical MD ... 17 16.51 –0.30 ...

10.17 9.70 PegasusDigA PGSS ... 64 10.03 –0.02 ...

42.74 28.89 PembinaPipeline PBA 6.3 15 30.37 –0.90.1676

8.02 5.45 PennantPark PNNT11.0 10 5.46 –0.38 .15

30.75 2.90 PA Reit PEI ... dd 2.91 –1.01 ...

71.52 38.53 PennyMacFin PFSI 1.9 4 42.90 –5.40 .20

20.72 11.64 PennyMacMtg PMT 16.0 dd 11.78 –1.96 .47

126.93 88.58 PenskeAuto PAG 2.0 5 98.43 –1.94 .53

80.10 39.99 Pentair PNR 2.1 12 40.63 –0.62 .21

290.36 114.87 Penumbra PEN ... dd 189.60 +4.66 ...

58.13 38.23 PerformanceFood PFGC ... 59 42.95 –1.88 ...

10.00 9.67 PeridotAcqnIIA PDOT ... 31 9.91 –0.01 ...

15.14 7.88 PerimeterSolns PRM ... dd 8.01 –0.40 ...

24.78 24.25 PeriphasCapA PCPC ... 65 24.74 –0.01 ...

203.16 116.18 PerkinElmer PKI .2 23 120.33 –1.98 .07

23.08 5.64 PermianBasin PBT 5.5 44 16.33 +0.63.2236

9.70 5.08 PermianRscs PR ... 5 6.80 +0.44 ...

5.79 1.90 PermianvilleRT PVL 11.1 13 3.32 +0.13.0505

10.88 6.37 PermRock PRT 13.0 9 7.18 –0.09.0931

49.39 31.32 Perrigo PRGO 2.9 dd 35.66 –2.43 .26

16.30 9.36 PetroleoBrasil PBR 50.0 3 12.34 –0.21.1643

15.04 8.98 PetroleoBrasilA PBR.A55.7 2 11.08 –0.30.1643

61.71 40.94 Pfizer PFE 3.7 9 43.76 –0.32 .40

112.48 82.85 PhilipMorris PM 6.1 14 83.01 –8.78 1.27

111.28 67.08 Phillips66 PSX 4.8 7 80.72 +4.73 .97

9.66 2.10 PhoenixNewMedia FENG ... dd 4.71 –0.11 ...

76.10 13.19 Phreesia PHR ... dd 25.48 +0.79 ...

19.30 14.66 PhysiciansRealty DOC 6.1 43 15.04 –0.43 .23

19.84 10.15 PiedmontOfficeA PDM 8.0 28 10.56 –0.65 .21

11.01 9.72 PineIslandA PIPP ... 29 9.98 +0.01 ...

30.40 15.85 PingIdentity PING ... dd 28.07 –0.07 ...

80.51 62.78 PinnacleWest PNW 5.3 13 64.51 –6.76 .85

66.00 16.14 Pinterest PINS ... 74 23.30 +0.71 ...

288.46 166.97 PioneerNatRscs PXD 10.8 9 216.53 +7.54 7.47

193.60 102.60 PiperSandler PIPR 2.2 8 104.74 –3.58 .60

8.20 2.32 PitneyBowes PBI 8.6 12 2.33 –0.32 .05

10.25 9.66 PivotalInvtIII A PICC ... 29 9.86 +0.01 ...

99.60 54.15 PlanetFitness PLNT ... 79 57.66 +1.78 ...

12.15 3.70 PlanetLabs PL ... dd 5.43 –0.11 ...

10.45 4.21 PlayAGS AGS ... dd 5.30 –0.21 ...

36,600

35,000

33,400

31,800

30,200

28,600

607,500

600,000

592,500

585,000

577,500

570,000

Breadth DJIA

N D J F M A M J J A S

NYSE Cumulative Daily Breadth vs DJIA

In generating this chart, we subtract each day's NYSE composite declines from that day's advances. The resultant total is

added to the next day's total, and so on. When all five days' numbers are added together, this produces the weekly figure we

plot. Dec. 31, 1985 =1000.

Breadth 571,411

Gilt Trip: NYSE Composite breadth fell for a third week and the S&P

500 fell 2.9%. The Bank of England had to intervene in the U.K. government bond market. Losing NYSE stocks outpaced winners by 4 to 3.

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:36

36 BARRON’S October 3, 2022

DATA NEW YORK STOCK EXCHANGE COMPOSITE LIST BARRONS.COM/DATA

–52-Week– Tick Div

High Low Name Sym Yld P/E Last Chg. Amt.

–52-Week– Tick Div

High Low Name Sym Yld P/E Last Chg. Amt.

–52-Week– Tick Div

High Low Name Sym Yld P/E Last Chg. Amt.

–52-Week– Tick Div

High Low Name Sym Yld P/E Last Chg. Amt.

–52-Week– Tick Div

High Low Name Sym Yld P/E Last Chg. Amt.

32.37 16.21 PlymouthIndREIT PLYM 5.2 dd 16.81 –2.07 .22

132.50 94.24 Polaris PII 2.7 14 95.65 –2.78 .64

9.95 9.71 PontemA PNTM ... 34 9.94 ... ...

57.03 43.36 PortlandGenElec POR 4.2 16 43.46 –5.62.4525

91.48 61.67 PostHoldings POST ... 7 81.91 –2.02 ...

10.07 9.60 PostHldgsA PSPC ... 25 9.69 –0.01 ...

20.75 14.14 PostalRealty PSTL 6.3 cc 14.67 –0.16.2325

26.49 10.60 PowerSchool PWSC ... dd 16.69 –0.13 ...

87.19 29.26 PrecisionDrilling PDS ... dd 50.63 +0.57 ...

63.83 48.51 PrestigeCnsHlth PBH ... 12 49.83 –0.49 ...

9.96 9.70 PrimaveraCapA PV ... 28 9.95 +0.01 ...

10.17 9.79 PrimeImpactI A PIAI ... 27 10.06 –0.01 ...

179.51 110.22 Primerica PRI 1.8 14 123.45 –0.63 .55

20.12 12.15 PrimoWater PRMW 2.2 dd 12.55 –0.10 .07

27.55 18.35 ProAssurance PRA 1.0 27 19.51 –0.60 .05

105.29 40.00 ProcoreTech PCOR ... dd 49.48 –1.30 ...

165.35 126.21 Procter&Gamble PG 2.9 22 126.25 –9.33.9133

129.76 89.35 Progressive PGR .3 83 116.21 –5.32 .10

174.54 100.73 Prologis PLD 3.1 20 101.60 –7.00 .79

10.12 4.11 PropertyGuru PGRU ... dd 4.48 +0.25 ...

16.93 7.25 ProPetro PUMP ... dd 8.05 +0.61 ...

80.46 64.69 ProsperityBcshs PB 3.1 12 66.68 –1.72 .52

79.27 34.99 ProtoLabs PRLB ... 41 36.43 +0.32 ...

26.20 19.44 ProvidentFinSvcs PFS 4.9 9 19.50 –3.79 .24

124.22 85.46 PrudentialFin PRU 5.6 16 85.78 –2.90 1.20

42.46 18.92 Prudential PUK ... 13 19.92 –0.52 ...

75.61 56.05 PublicServiceEnt PEG 3.8 dd 56.23 –6.71 .54

421.76 284.01 PublicStorage PSA 2.7 25 292.81 –2.26 2.00

58.09 35.03 PulteGroup PHM 1.6 4 37.50 –1.65 .15

36.71 21.90 PureStorage PSTG ... dd 27.37 +1.11 ...

10.48 9.85 PyrophyteAcqn PHYT ... 35 10.15 +0.02 ...

11.75 6.07 PzenaInvtMgmt PZN 1.3 12 9.48 –0.10 .03

90.85 31.32 Q2Holdings QTWO ... dd 32.20 –0.95 ...

58.00 40.49 Qiagen QGEN ... 19 41.28 –0.04 ...

7.55 2.55 QuadGraphics QUAD ... dd 2.56 –0.41 ...

276.60 129.79 QuakerHoughton KWR 1.2 31 144.38 –3.68 .435

10.10 0.20 QuanergySystems QNGY ... dd .21 ... ...

25.94 18.00 QuanexBldg NX 1.8 7 18.16 –0.55 .08

149.33 93.91 QuantaServices PWR .2 41 127.39 –1.37 .07

10.22 9.77 QuantumFin QFTA ... 53 9.86 –0.01 ...

43.08 8.22 QuantumScape QS ... dd 8.41 –0.64 ...

2.18 0.63 Qudian QD ... dd .90 –0.01 ...

174.16 120.40 QuestDiag DGX 2.2 10 122.69 +0.34 .66

7.92 1.68 QuotientTech QUOT ... dd 2.31 +0.21 ...

R

264.94 152.90 RBC Bearings RBC ... cc 207.81 –4.57 ...

10.31 9.73 RCF Acqn A RCFA ... 19 10.09 +0.02 ...

32.71 23.39 RELX RELX 2.6 23 24.31 +0.45.1802

33.05 17.97 RE/MAX RMAX 4.9 dd 18.91 +0.47 .23

18.11 9.50 REV REVG 1.8 cc 11.03 –0.36 .05

699.14 207.37 RH RH ... 11 246.07 –0.37 ...

121.93 96.22 RLI RLI 1.0 28 102.38 –1.21 .26

16.22 9.84 RLJ Lodging RLJ 2.0 dd 10.12 –0.50 .05

6.47 1.00 RLX Tech RLX ... 3 1.05 –0.03 ...

12.91 3.82 RPC RES 1.2 19 6.93 +0.56 .02

101.48 74.56 RPM RPM 1.9 22 83.31 –2.22 .40

14.99 7.28 RPTRealty RPT 6.9 41 7.56 –0.55 .13

24.84 17.97 RadianGroup RDN 4.1 5 19.29 –0.34 .20

37.09 1.60 Rafael RFL ... dd 1.80 –0.15 ...

135.99 82.23 RalphLauren RL 3.5 11 84.93 –0.50 .75

37.44 16.71 RangeResources RRC 1.3 12 25.26 +0.26 .08

11.87 8.40 RangerEnergySvcs RNGR ... 63 9.78 +0.79 ...

42.97 3.29 Ranpak PACK ... dd 3.42 –0.46 ...

117.37 84.86 RaymondJames RJF 1.4 14 98.82 –3.15 .34

8.32 2.44 RayonierAdvMatls RYAM ... dd 3.15 –0.56 ...

45.87 29.51 Rayonier RYN 3.8 31 29.97 –1.50 .285

106.02 79.00 RaytheonTech RTX 2.7 27 81.86 –0.17 .55

16.56 9.69 ReadyCapital RC 16.6 4 10.14 –1.44 .42

75.40 57.61 RealtyIncome O 5.1 55 58.20 –3.61 .236

16.98 2.29 Redwire RDW ... ... 2.38 –0.02 ...

14.17 5.60 RedwoodTrust RWT 16.0 15 5.74 –0.77 .23

176.91 108.28 RegalRexnord RRX 1.0 25 140.36 +2.66 .35

67.60 27.72 RegionalMgmt RM 4.3 3 28.04 –1.21 .30

25.57 18.01 RegionsFin RF 4.0 9 20.07 –0.81 .20

3.75 0.50 Regis RGS ... dd 1.01 +0.03 ...

132.80 94.32 ReinsGrp RGA 2.5 32 125.81 +2.60 .80

211.66 139.02 RelianceSteel RS 2.0 6 174.41 +3.42 .875

174.55 124.18 RenaissanceRe RNR 1.1 dd 140.39 +2.68 .37

9.72 3.46 ReneSola SOL ... dd 5.04 –0.08 ...

30.73 9.69 Renren RENN ... dd 29.61 –0.01 ...

149.17 113.57 RepublicSvcs RSG 1.5 31 136.04 –4.47 .495

28.35 18.36 ResideoTech REZI ... 9 19.06 –0.21 ...

275.66 189.40 ResMed RMD .8 41 218.30 +3.79 .44

20.73 10.64 ResoluteForest RFP ... 4 20.00 –0.20 ...

62.70 46.68 RestaurantBrands QSR 4.1 20 53.18 –2.21 .54

17.65 1.08 Revlon REV ... dd 5.18 –0.72 ...

89.60 21.68 Revolve RVLV ... 19 21.69 –1.95 ...

37.81 26.03 RexAmerRes REX ... 9 27.92 +0.98 ...

84.68 50.08 RexfordIndlRealty REXR 2.4 55 52.00 –4.57 .315

10.75 9.71 RiceAcqnII A RONI ... 22 9.85 ... ...

10.46 9.75 RigelResourceA RRAC ... 15 10.09 ... ...

315.00 39.54 RingCentral RNG ... dd 39.96 –0.84 ...

84.69 50.92 RioTinto RIO 12.4 5 55.06 +2.90 2.67

23.41 3.76 Riskified RSKD ... dd 3.94 –0.10 ...

76.18 48.65 RitchieBros RBA 1.7 24 62.48 –0.22 .27

15.65 4.68 RiteAid RAD ... dd 4.95 –2.06 ...

11.81 7.11 RithmCapital RITM13.7 4 7.32 –0.85 .25

125.77 71.96 RobertHalf RHI 2.2 12 76.50 +2.87 .43

141.60 21.65 Roblox RBLX ... dd 35.84 +0.30 ...

18.13 6.23 RocketCos. RKT .0 5 6.32 –0.68 1.01

9.94 9.66 RocketInternetA RKTA ... 26 9.91 +0.02 ...

8.09 0.71 RockleyPhotonics RKLY ... dd .71 –0.17 ...

354.99 190.08 Rockwell ROK 2.1 38 215.11 –4.65 1.12

64.55 38.42 RogersComm B RCI 4.0 15 38.54 –2.16.3808

274.51 180.42 Rogers ROG ... 55 241.88 –2.37 ...

39.70 28.51 Rollins ROL 1.2 51 34.68 –0.10 .10

5.55 0.40 RomeoPower RMO ... dd .40 –0.04 ...

505.00 359.22 RoperTech ROP .7 35 359.64 –18.36 .62

10.57 9.66 RossAcqnIIA ROSS ... 43 9.91 +0.01 ...

119.41 89.18 RoyalBkCanada RY 4.3 10 90.04 –0.74.9723

98.27 31.09 RoyalCaribbean RCL ... dd 37.90 –6.52 ...

10.50 2.13 RubiconTech RBT ... dd 2.13 –0.77 ...

21.83 3.66 RushStreetInt RSI ... dd 3.68 –0.39 ...

46.40 32.15 RyanSpecialty RYAN ... cc 40.62 +1.50 ...

93.05 61.71 RyderSystem R 3.3 5 75.49 +8.61 .62

44.09 17.90 RyersonHolding RYI 2.3 2 25.74 +1.56 .15

101.19 70.47 RymanHospitality RHP .5 cc 73.59 –2.35 .10

S

149.92 78.22 SAP SAP 1.8 21 81.25 +1.78 2.66

484.21 305.08 S&P Global SPGI 1.1 23 305.35 –12.51 .85

9.92 8.74 SDCLEDGEAcqn SEDA ... 27 9.89 +0.09 ...

9.78 3.08 SeacorMarine SMHI ... dd 5.62 +0.09 ...

11.47 3.61 SES AI SES ... dd 4.88 +0.42 ...

11.60 7.64 SFL SFL 10.1 7 9.11 –0.35 .23

10.56 4.42 SignaSports SSU ... dd 5.74 +0.15 ...

17.61 10.42 SITE Centers SITC 4.9 15 10.71 –0.59 .13

73.69 55.74 SJW Group SJW 2.5 33 57.60 –3.43 .36

51.70 18.85 SK Telecom SKM ... 6 19.26 –1.15 ...

85.15 38.67 SLGreenRealty SLG 9.3 9 40.16 –1.50.3108

54.97 25.23 SM Energy SM .8 5 37.61 +1.67 .15

10.40 9.95 SoarTechAcqnA FLYA ... 31 10.30 +0.01 ...

141.05 4.08 SOS SOS ... dd 4.13 –0.80 ...

68.24 41.66 SPX Tech SPXC ... cc 55.22 +1.08 ...

15.27 2.00 SQZ Biotech SQZ ... dd 2.28 –0.03 ...

48.27 27.71 STAG Indl STAG 5.1 22 28.43 –1.15.1217

10.03 9.69 ST Ener I A STET ... 25 10.03 +0.01 ...

36.13 24.48 StoreCapital STOR 5.2 26 31.33 –0.25 .41

90.73 38.83 SabineRoyalty SBR 5.8 12 71.08 +4.57 .836

5.44 2.35 SafeBulkers SB 8.1 2 2.47 –0.30 .05

8.98 3.32 SafeguardSci SFE ... dd 3.73 –0.10 ...

80.66 24.88 Safehold SAFE 2.7 17 26.46 –3.86 .177

311.75 143.75 Salesforce CRM ... cc 143.84 –3.17 ...

21.86 11.28 SallyBeauty SBH ... 6 12.60 –0.77 ...

31.41 8.72 Samsara IOT ... dd 12.07 +0.41 ...

15.43 5.08 SanJuanBasin SJT 9.0 9 9.40 –0.44.1243

10.15 9.80 SandbridgeX2 SBII.UT ... ... 9.81 ... ...

9.87 9.61 SandbridgeX2 A SBII ... 30 9.83 +0.01 ...

29.28 9.07 SandRidgeEnergy SD ... 4 16.31 +1.15 ...

9.18 4.92 SandstormGold SAND 1.1 16 5.17 –0.42.0146

30.25 20.77 SaratogaInvt SAR 10.3 10 20.77 –1.98 .54

28.37 15.01 Sasol SSL 4.4 4 15.75 –0.59.8578

56.22 36.70 SaulCenters BFS 6.3 22 37.50 –1.14 .59

49.83 27.65 Schlumberger SLB 1.9 20 35.90 +0.90 .175

27.50 20.26 SchneiderNatl SNDR 1.6 8 20.30 –0.51 .08

96.24 59.35 SchwabC SCHW 1.2 24 71.87 +0.98 .22

97.82 78.10 ScienceApplicat SAIC 1.7 19 88.43 –0.81 .37

46.30 11.02 ScorpioTankers STNG 1.0 dd 42.04 +2.44 .10

180.43 42.68 ScottsMiracleGro SMG 6.2 dd 42.75 –7.20 .66

11.06 7.15 ScullyRoyalty SRL 14.3 18 7.40 –0.01 .26

10.30 9.80 SculptorAcqnIA SCUA ... 15 10.08 +0.04 ...

28.78 7.90 SculptorCapMgmt SCU 7.8 dd 8.84 –0.18 .13

372.70 52.38 Sea SE ... dd 56.05 +2.24 ...

22.22 10.35 SeabridgeGold SA ... cc 11.87 +0.81 ...

70.72 43.62 SealedAir SEE 1.8 12 44.51 –0.89 .20

76.57 40.01 SeaWorldEnt SEAS ... 12 45.51 –2.39 ...

10.43 5.20 SelectEnergySvcs WTTR ... 41 6.97 +0.67 ...

37.03 21.40 SelectMedical SEM 2.3 13 22.10 –0.92 .125

14.40 0.70 SelectQuote SLQT ... dd .73 –0.33 ...

176.47 119.56 Sempra SRE 3.1 42 149.94 –11.841.145

27.12 7.41 Semrush SEMR ... dd 11.21 +0.35 ...

18.62 9.73 SendasDistrib ASAI 1.0 14 16.13 –0.76.1245

65.58 36.94 SensataTechs ST 1.2 23 37.28 –0.37 .11

106.32 69.13 SensientTech SXT 2.4 21 69.34 –1.66 .41

78.53 18.64 SentinelOne S ... dd 25.56 +0.77 ...

6.20 2.28 SequansComms SQNS ... ... 3.57 –0.19 ...

17.12 4.90 SeritageGrowth SRG ... dd 9.02 –0.15 ...

75.11 56.85 ServiceCorp SCI 1.7 12 57.74 –0.21 .25

707.60 367.71 ServiceNow NOW ... cc 377.61 +0.57 ...

97.25 72.80 ServisFirst SFBS 1.2 19 80.00 –1.78 .23

100.85 37.72 ShakeShack SHAK ... dd 44.98 +0.16 ...

12.81 0.62 Shapeways SHPW ... dd .62 –0.05 ...

31.60 24.17 ShawComm B SJR 3.7 18 24.32 –0.35.0767

61.68 41.23 Shell SHEL 3.8 5 49.76 +1.65 .50

354.15 204.57 SherwinWilliams SHW 1.2 31 204.75 –6.47 .60

82.84 29.39 Shift4Paymts FOUR ... dd 44.61 +0.63 ...

34.92 22.98 ShinhanFin SHG 6.9 4 23.00 –2.37.2999

176.29 26.38 Shopify SHOP ... dd 26.94 –1.82 ...

10.26 9.80 ShoulderUpTechA SUAC ... dd 10.03 +0.03 ...

128.36 48.64 Shutterstock SSTK 1.9 24 50.17 +0.34 .24

20.64 8.00 Sibanye-Stillwater SBSW 7.0 5 9.32 +1.14.3246

111.92 48.31 SignetJewelers SIG 1.4 8 57.19 +3.57 .20

29.88 10.70 SignifyHealth SGFY ... dd 29.15 +0.07 ...

48.61 37.10 SilganHoldings SLGN 1.5 13 42.04 –0.53 .16

49.91 19.00 SilverBowRscs SBOW ... 5 26.88 +1.78 ...

239.26 50.65 SilvergateCapital SI ... 22 75.35 +1.37 ...

21.41 5.86 Similarweb SMWB ... dd 5.86 –0.58 ...

9.88 9.68 SimonPropA SPGS ... 28 9.85 ... ...

171.12 86.02 SimonProperty SPG 7.8 14 89.75 –0.43 1.75

141.26 76.96 SimpsonMfg SSD 1.3 10 78.40 –0.56 .26

10.00 4.07 SiriusPoint SPNT ... dd 4.95 +0.34 ...

260.00 100.36 SiteOneLandscape SITE ... 17 104.14 –2.27 ...

31.60 17.04 SitioRoyalties STR 12.8 20 22.11 +0.29 .72

47.24 17.61 SixFlags SIX ... 11 17.70 –0.83 ...

50.81 31.28 SkechersUSA SKX ... 7 31.72 –2.20 ...

13.39 4.10 SkeenaRscs SKE ... dd 4.68 +0.20 ...

12.88 1.77 Skillsoft SKIL ... dd 1.83 +0.01 ...

13.13 0.95 Skillz SKLZ ... dd 1.02 +0.01 ...

85.92 43.04 SkylineChamp SKY ... 9 52.87 +0.66 ...

14.74 2.19 SmartRent SMRT ... dd 2.27 –0.06 ...

80.89 27.05 Smartsheet SMAR ... dd 34.36 +1.78 ...

86.74 48.10 SmithAO AOS 2.3 15 48.58 –1.25 .28

37.28 21.78 Smith&Nephew SNN 3.1 20 23.22 +0.67 .288

146.74 119.31 Smucker SJM 3.0 25 137.41 –3.24 1.02

79.30 9.34 Snap SNAP ... dd 9.82 –0.50 ...

235.36 190.08 SnapOn SNA 2.8 13 201.35 –5.10 1.42

405.00 110.27 Snowflake SNOW ... dd 169.96 –2.17 ...

10.61 9.77 SocialCapHedIV A IPOD ... 18 10.01 +0.01 ...

10.99 9.80 SocialCapHedVI A IPOF ... 23 10.00 ... ...

9.91 9.68 SocialLvgI A SLAC ... 39 9.83 –0.01 ...

115.76 46.13 SOQUIMICH SQM 3.9 12 90.75 –3.201.2019

14.61 6.11 SolarisOilfield SOI 4.5 29 9.36 +0.24 .105

20.55 7.51 SolarWinds SWI ... dd 7.75 +0.07 ...

23.39 3.66 SoloBrands DTC ... dd 3.80 –0.31 ...

12.24 0.86 Sonendo SONX ... dd 1.07 –0.11 ...

59.19 34.17 SonicAutomotive SAH 2.3 5 43.30 –0.43 .25

36.47 13.94 SonidaSrLiving SNDA ... 2 16.24 –3.55 ...

67.06 51.52 SonocoProducts SON 3.5 13 56.73 –0.09 .49

133.75 63.93 Sony SONY .6 11 64.05 –4.38.2672

35.32 20.75 SoJerseyInd SJI 3.7 24 33.42 –0.18 .31

80.57 60.99 Southern SO 4.0 24 68.00 –6.99 .68

79.32 42.42 SoCopper SCCO 8.9 12 44.84 +1.39 .75

10.41 9.76 SouthportAcqnA PORT ... 18 10.05 +0.05 ...

56.33 30.79 SouthwestAir LUV ... 20 30.84 –1.21 ...

95.62 62.58 SouthwestGas SWX 3.6 29 69.75 –6.95 .62

9.87 3.81 SouthwesternEner SWN ... dd 6.12 –0.16 ...

107.22 38.93 SpectrumBrands SPB 4.3 15 39.03 –3.83 .42

9.70 1.04 SpireGlobal SPIR ... dd 1.08 +0.01 ...

79.24 59.60 Spire SR 4.4 16 62.33 –5.61 .685

53.31 21.61 SpiritAeroSys SPR .2 dd 21.92 –2.08 .01

28.30 15.92 SpiritAirlines SAVE ... dd 18.82 –2.66 ...

51.00 35.37 SpiritRealtyCap SRC 7.3 22 36.16 –2.18 .663

305.60 85.92 Spotify SPOT ... dd 86.30 –3.04 ...

10.41 9.65 SpreeAcqn1 A SHAP ... ... 10.11 +0.02 ...

20.29 8.87 Sprinklr CXM ... dd 9.22 –0.12 ...

57.00 30.60 Sprott SII 3.0 33 33.51 +1.43 .25

48.89 14.43 Squarespace SQSP ... dd 21.36 +0.18 ...

62.21 31.19 St.Joe JOE 1.2 24 32.03 –0.32 .10

55.09 31.61 StandardMotor SMP 3.3 9 32.50 –0.01 .27

121.45 79.02 StandexInt SXI 1.3 16 81.65 –0.88 .26

199.20 75.13 StanleyBlackDck SWK 4.3 12 75.21 –3.77 .80

58.50 40.92 Stantec STN 1.3 32 43.83 +0.14.1411

13.50 6.26 Starrett A SCX ... 4 8.83 +0.08 ...

10.90 1.35 StarryGroup STRY ... dd 1.49 –0.38 ...

7.16 2.60 Startek SRT ... 17 3.00 –0.12 ...

26.36 18.18 StarwoodProp STWD10.5 7 18.22 –3.19 .48

104.87 58.80 StateStreet STT 4.1 8 60.81 –2.82 .63

47.62 27.76 SteelPartners SPLP ... 7 41.50 +0.56 ...

12.93 6.52 Steelcase SCS 6.1 49 6.52 –0.81 .10

21.92 11.37 Stellantis STLA ... 2 11.84 –0.32 ...

27.50 5.72 Stem STEM ... dd 13.34 –0.60 ...

129.35 93.41 Stepan SCL 1.4 14 93.67 –2.18 .335

255.93 160.08 Steris STE 1.1 44 166.28 –1.01 .47

27.20 13.36 Stevanato STVN .3 33 16.94 +0.21.0546

81.00 42.03 StewartInfo STC 4.1 4 43.64 –0.27 .45

83.28 51.73 StifelFinancial SF 2.3 8 51.91 –2.52 .30

52.15 28.35 STMicroelec STM .7 10 30.94 –2.33 .06

3.50 2.08 StoneMor STON ... dd 3.43 –0.02 ...

23.46 13.64 Stoneridge SRI ... dd 16.95 –0.63 ...

44.93 25.65 Stride LRN ... 17 42.03 +1.02 ...

280.43 188.84 Stryker SYK 1.4 37 202.54 –4.39 .695

9.46 1.52 StudioCity MSC ... dd 2.19 +0.40 ...

81.72 49.65 SturmRuger RGR 5.5 7 50.79 –0.37 .47

17.75 13.83 SuburbanPropane SPH 8.6 5 15.05 –0.80 .325

7.74 5.50 SumitomoMits SMFG 5.1 6 5.50 –0.29.1542

10.94 6.58 SummitHotelProp INN .0 dd 6.72 –0.24 .04

41.46 21.99 SummitMaterials SUM ... 10 23.96 –0.93 ...

39.35 11.52 SummitMidstream SMLP ... dd 15.02 +1.42 ...

211.79 133.63 SunComms SUI 2.6 50 135.33 –11.45 .88

58.49 39.38 SunLifeFinancial SLF 5.4 8 39.76 –0.90.5455

9.82 5.72 SunCokeEnergy SXC 5.5 6 5.81 –0.04 .08

42.72 20.73 SuncorEnergy SU 4.9 5 28.15 +0.95.3589

7.00 2.16 SunlandsTech STG .0 1 4.19 +0.13 .63

6.36 0.96 SunlightFinl SUNL ... dd 1.24 –1.62 ...

46.40 12.47 SunnovaEnergy NOVA ... dd 22.08 –2.65 ...

46.95 34.26 Sunoco SUN 8.5 7 38.97 +0.15.8255

13.91 9.24 SunstoneHotelInv SHO .0 14 9.42 –0.38 .05

12.48 3.68 SuperGroup SGHC ... dd 4.08 +0.35 ...

7.19 2.99 SuperiorIndsIntl SUP ... dd 3.02 –0.38 ...

9.90 9.67 Supernova III A STRE ... 39 9.90 +0.01 ...

12.83 7.71 Suzano SUZ 1.5 5 8.25 +0.16 .116

56.20 10.78 Sweetgreen SG ... dd 18.50 +1.70 ...

34.10 23.00 Switch SWCH .6 22 33.69 –0.23.0525

53.00 23.10 Sylvamo SLVM 1.3 12 33.90 –1.07.1125

52.49 27.22 SynchronyFin SYF 3.3 4 28.19 –1.08 .23

54.40 34.15 SynovusFin SNV 3.6 8 37.51 –0.17 .34

91.53 68.05 Sysco SYY 2.8 27 70.71 –4.21 .49

37.10 6.20 System1 SST ... dd 6.29 –0.20 ...

T

6.72 1.60 TAL Education TAL ... dd 4.94 +0.16 ...

59.38 40.26 TC Energy TRP 6.5 16 40.29 –3.31.7001

9.85 9.63 TCW Spac A TSPQ ... 38 9.81 +0.01 ...

30.00 6.52 TDCX TDCX ... 17 9.37 –0.32 ...

119.30 81.06 TD Synnex SNX 1.5 14 81.19 –4.42 .30

166.44 107.12 TE Connectivity TEL 2.0 14 110.36 –4.22 .56

23.04 17.94 Tegna TGNA 1.8 9 20.68 –0.87 .095

27.50 19.84 Telus TU 5.2 19 19.86 –1.03 .26

39.91 20.73 TelusIntl TIXT ... 47 26.16 –1.09 ...

50.36 26.50 Ternium TX 9.5 1 27.39 –0.49 1.80

120.50 71.63 TFI Intl TFII 1.2 12 90.48 –0.52 .27

15.61 9.81 TIM TIMB 4.0 11 11.18 –0.32.1535

77.35 53.69 TJX TJX 1.9 22 62.12 +0.85 .295

9.90 9.68 TLGAcqnOneA TLGA ... 31 9.86 +0.02 ...

12.62 9.80 TPGPaceBenA TPGY ... 5 10.02 ... ...

10.05 9.70 TPGPaceBenII YTPG ... dd 9.78 +0.02 ...

13.63 6.75 TPG RE Fin TRTX13.7 7 7.00 –1.31 .24

10.18 9.75 TailwindAcqnA TWND ... 13 10.07 +0.03 ...

9.93 9.66 TailwindIntlA TWNI ... 35 9.92 +0.01 ...

145.00 67.74 TaiwanSemi TSM 2.1 13 68.56 –5.31 .458

16.43 12.75 TakedaPharm TAK 4.9 25 12.97 –0.03.3301

25.49 8.57 TalosEnergy TALO ... 7 16.65 +0.96 ...

22.51 13.26 Tanger SKT 5.8 34 13.68 –0.43 .20

47.05 26.39 Tapestry TPR 4.2 9 28.43 –1.23 .30

81.50 47.57 TargaResources TRGP 2.3 78 60.34 +0.59 .35

268.98 137.16 Target TGT 2.9 17 148.39 –4.22 1.08

65.21 28.46 TaroPharm TARO ... 12 29.98 –0.95 ...

35.38 22.11 TataMotors TTM ... dd 24.26 –1.21 ...

35.51 20.05 TaylorMorrison TMHC ... 3 23.32 –0.14 ...

3.67 0.52 Team TISI ... dd 1.06 –0.04 ...

9.49 5.48 TechnipFMC FTI ... dd 8.46 +0.11 ...

45.90 24.11 TeckRscsB TECK 1.2 4 30.41 +1.26.0953

34.90 16.05 Tecnoglass TGLS 1.4 11 20.99 +1.69 .075

4.01 2.54 Teekay TK ... dd 3.59 +0.07 ...

31.98 9.89 TeekayTankers TNK ... dd 27.54 –0.71 ...

21.69 14.38 TejonRanch TRC ... 53 14.40 –0.70 ...

156.82 25.33 TeladocHealth TDOC ... dd 25.35 –1.62 ...

6.59 3.72 TelecomArgentina TEO 31.0 11 4.01 –0.09.3139

493.97 337.06 TeledyneTech TDY ... 24 337.47 –13.93 ...

384.71 199.92 Teleflex TFX .7 19 201.46 –6.02 .34

11.78 7.39 TelefonicaBras VIV 8.8 12 7.52 –0.48.0296

5.39 3.19 Telefonica TEF .0 54 3.24 –0.25 .103

33.21 25.00 TelekmIndonesia TLK 2.6 16 28.85 +0.141.0389

21.47 13.89 Telephone&Data TDS 5.2 16 13.90 –0.77 .18

48.97 20.03 TempurSealy TPX 1.7 8 24.14 –0.69 .10

10.10 9.87 10XCapIII A VCXB ... dd 10.10 +0.01 ...

34.76 19.40 Tenaris TS .0 8 25.84 +1.55 .56

9.10 2.95 TencentMusic TME ... 16 4.06 –0.09 ...

92.65 49.45 TenetHealthcare THC ... 6 51.58 –1.31 ...

85.33 54.90 Tennant TNC 1.8 19 56.56 –1.90 .25

19.60 9.51 Tenneco TEN ... dd 17.39 –0.29 ...

59.38 30.18 Teradata TDC ... 42 31.06 +0.41 ...

51.45 26.64 Terex TEX 1.7 9 29.74 –0.07 .13

48.69 36.30 Terminix TMX ... 72 38.29 –1.29 ...

12.69 1.74 TerranOrbital LLAP ... dd 1.77 –0.82 ...

86.00 51.84 TerrenoRealty TRNO 3.0 23 52.99 –4.36 .40

5.82 2.32 TetraTech TTI ... 41 3.59 +0.12 ...

11.34 6.78 TevaPharm TEVA ... dd 8.07 +0.17 ...

1899.01 946.29 TexasPacLand TPL .7 36 1777.23 +137.04 3.00

41.89 25.47 Textainer TGH 3.7 5 26.86 –0.43 .25

79.45 57.11 Textron TXT .1 16 58.26 –1.17 .02

672.34 497.83 ThermoFisherSci TMO .2 27 507.19 –13.60 .30

20.35 13.26 Thermon THR ... 19 15.41 –0.24 ...

123.60 91.55 ThomsonReuters TRI 1.7 cc 102.62 –1.86 .445

128.87 66.26 ThorIndustries THO 2.5 3 69.98 +0.45 .43

34.97 7.80 3D Systems DDD ... 4 7.98 –0.02 ...

186.30 110.39 3M MMM 5.4 15 110.50 –2.49 1.49

28.79 9.75 Tidewater TDW ... dd 21.70 +0.29 ...

10.38 10.05 TigaAcqnA TINV ... 28 10.38 +0.02 ...

17.80 6.65 Tilly's TLYS .0 6 6.92 –0.14 1.00

78.52 50.85 Timken TKR 2.1 12 59.04 –0.81 .31

26.23 12.46 TimkenSteel TMST ... 4 14.99 +0.55 ...

19.81 6.69 TItanIntl TWI ... 6 12.14 +0.15 ...

69.93 11.91 Toast TOST ... dd 16.72 –0.94 ...

75.61 40.20 Toll Bros TOL 1.9 5 42.00 –0.42 .20

38.09 29.31 TootsieRoll TR 1.1 33 33.28 –1.45 .09

284.07 150.72 TopBuild BLD ... 13 164.78 +4.71 ...

31.39 17.78 TopgolfCallaway MODG ... 26 19.26 –0.45 ...

106.31 71.86 Toro TTC 1.4 24 86.48 +0.47 .30

86.02 58.64 TorontoDomBk TD 4.5 10 61.33 –0.75.6833

20.95 3.71 Torrid CURV ... dd 4.17 –0.29 ...

9.85 9.61 TortoiseEcoIII A TRTL ... 24 9.82 +0.04 ...

61.15 44.61 TotalEnergies TTE ... 6 46.52 +1.58 ...

15.33 7.14 TownsquareMedia TSQ ... 7 7.26 –0.44 ...

213.74 130.07 ToyotaMotor TM 2.9 8 130.29 –6.992.2028

22.31 2.52 Traeger COOK ... dd 2.82 –0.13 ...

9.99 9.62 TrajectoryAlphaA TCOA ... dd 9.91 +0.02 ...

204.23 120.64 TraneTech TT 1.9 23 144.81 –2.77 .67

12.13 8.82 Transalta TAC 1.7 dd 8.83 –0.57.0382

47.76 37.01 TrancntlRlty TCI ... 7 40.35 +0.95 ...

686.06 500.08 TransDigm TDG .0 40 524.82 –15.6918.50

5.56 2.32 Transocean RIG ... dd 2.47 +0.11 ...

8.29 4.05 TransportadGas TGS ... 5 7.38 +0.20 ...

120.91 59.01 TransUnion TRU .7 39 59.49 –3.68 .105

63.19 34.08 Travel+Leisure TNL 4.7 8 34.12 –1.54 .40

187.98 145.40 Travelers TRV 2.4 11 153.20 –2.28 .93

13.19 9.43 Tredegar TG 5.5 5 9.44 –0.16 .13

50.39 29.47 TreeHouseFoods THS ... dd 42.42 –0.92 ...

140.98 42.81 Trex TREX ... 19 43.94 –1.48 ...

28.29 14.87 TriPointe TPH ... 3 15.11 –0.53 ...

17.23 8.44 TriconRes TCN 2.7 3 8.65 –0.54 .058

10.10 9.72 TrineIIAcqnA TRAQ ... 25 10.03 –0.04 ...

109.40 69.16 TriNet TNET ... 12 71.22 –1.59 ...

35.35 20.94 TrinityIndustries TRN 4.3 47 21.35 –0.85 .23

61.63 17.88 Trinseo TSE 7.0 3 18.32 –2.27 .32

16.60 8.68 TripleFlagPrecMtl TFPM 1.5 44 12.65 +0.56 .05

19.25 10.41 TriplePtVent TPVG13.3 8 10.86 –0.09 .36

10.00 9.69 TristarAcqnI TRIS ... 22 9.91 +0.03 ...

72.34 48.64 TritonIntl TRTN 4.8 5 54.73 –0.91 .65

27.85 8.58 TriumphGroup TGI ... dd 8.59 –0.28 ...

26.33 11.14 Tronox TROX 4.1 3 12.25 +0.76 .125

32.91 15.77 TrueBlue TBI ... 9 19.08 –0.43 ...

68.95 42.56 TruistFinl TFC 4.8 10 43.54 –0.80 .52

19.20 6.95 TsakosEnergy TNP 1.3 dd 15.27 –1.22 .10

24.71 5.54 Tupperware TUP ... dd 6.55 –1.10 ...

4.46 2.33 TurkcellIletism TKC 4.6 5 2.66 –0.28.0826

49.46 20.09 TurningPoint TPB 1.1 10 21.23 +0.72 .06

32.09 9.75 TurquoiseHill TRQ ... 11 29.57 –0.34 ...

15.67 5.40 TutorPerini TPC ... dd 5.52 –0.75 ...

9.66 0.89 Tuya TUYA ... dd .93 –0.08 ...

373.00 64.29 Twilio TWLO ... dd 69.14 +1.01 ...

10.00 9.67 TwinRidgeCapA TRCA ... 33 9.92 ... ...

68.41 31.30 Twitter TWTR ... dd 43.84 +2.26 ...

9.92 9.65 twoA TWOA ... dd 9.89 –0.01 ...

6.81 3.31 TwoHarbors TWO20.5 6 3.32 –0.88 .17

557.55 300.85 TylerTech TYL ... 82 347.50 +6.38 ...

100.72 65.85 TysonFoods TSN 2.8 6 65.93 –4.01 .46

U

21.49 0.92 UBS Group UBS 3.4 7 14.51 –0.40 .50

61.06 40.42 UDR UDR 3.6 88 41.71 –0.66 .38

47.04 32.28 UGI UGI 4.4 5 32.33 –1.76 .36

27.50 15.74 UMH Prop UMH 5.0 dd 16.15 –1.11 .20

61.10 40.53 Unitil UTL 3.4 18 46.45 –2.52 .39

20.14 14.21 USA Compression USAC12.1 dd 17.40 +0.71 .525

33.67 25.44 US Cellular USM ... 17 26.03 –0.14 ...

39.73 26.09 US Foods USFD ... 38 26.44 –0.44 ...

10.94 9.68 USHG Acqn A HUGS ... 76 9.85 +0.01 ...

131.50 73.30 US PhysTherapy USPH 2.2 26 76.02 +1.08 .41

21.54 8.02 US Silica SLCA ... dd 10.95 +0.38 ...

9.40 2.13 US Xpress USX ... dd 2.46 –0.13 ...

7.51 2.84 UWM UWMC13.7 5 2.93 –0.47 .10

48.88 19.90 Uber UBER ... dd 26.50 –1.32 ...

333.26 218.15 Ubiquiti UI .8 48 293.56 +6.35 .60

59.57 12.12 UiPath PATH ... dd 12.61 –0.26 ...

3.21 2.13 UltraparPart UGP 5.8 15 2.19 –0.24.0613

27.28 6.38 UnderArmour A UAA ... 11 6.65 –0.95 ...

23.00 5.74 UnderArmour C UA ... 10 5.96 –0.69 ...

25.70 9.18 Unifi UFI ... 12 9.51 –0.48 ...

227.07 154.72 Unifirst UNF .7 29 168.23 –2.78 .30

54.47 42.54 Unilever UL 4.2 17 43.84 –0.01.4555

278.94 194.73 UnionPacific UNP 2.7 18 194.82 –9.15 1.30

27.30 7.23 Unisys UIS ... dd 7.55 –0.47 ...

12.68 5.55 UnitedMicro UMC ... 5 5.57 –0.34 ...

57.89 32.90 UnitedNatFoods UNFI ... 8 34.37 –4.57 ...

233.72 160.11 UPS B UPS 3.8 13 161.54 –2.79 1.52

414.99 230.54 UnitedRentals URI ... 11 270.12 +6.75 ...

63.57 40.27 US Bancorp USB 4.8 9 40.32 –1.80 .48

39.25 16.41 US Steel X 1.1 1 18.12 –0.47 .05

553.29 383.12 UnitedHealth UNH 1.3 26 505.04 –8.57 1.65

210.00 29.09 UnitySoftware U ... dd 31.86 –1.39 ...

34.00 21.49 Univar UNVR ... 7 22.74 +0.22 ...

64.13 45.96 Universal UVV 6.9 13 46.04 –1.13 .79

61.32 40.92 UniversalHealth UHT 6.6 6 43.21 –0.68 .71

158.28 87.57 UniversalHealthB UHS .9 9 88.18 –3.57 .20

19.64 8.48 UnivInsurance UVE 6.5 dd 9.85 –0.49 .16

11.45 5.27 UnvlTechInst UTI ... 10 5.44 –0.15 ...

41.13 22.25 UnumGroup UNM 3.4 7 38.80 –0.11 .33

3.62 0.44 UpHealth UPH ... dd .53 ... ...

19.96 12.96 UrbanEdgeProp UE 4.8 17 13.34 –0.59 .16

19.97 14.76 UrstadtBiddle UBP 5.4 25 15.78 –0.41.2145

21.66 15.07 UrstadtProp A UBA 6.1 24 15.51 –0.35.2375

103.95 55.70 UsanaHealth USNA ... 12 56.05 –2.30 ...

15.98 3.31 UserTesting USER ... dd 3.92 +0.19 ...

19.98 12.06 UtzBrands UTZ 1.4 cc 15.10 –0.50 .054

V

78.91 29.32 VF VFC 6.7 12 29.91 –5.87 .50

10.69 1.51 ViaOptronics VIAO ... dd 1.60 +0.04 ...

35.69 26.23 VICI Prop VICI 5.2 30 29.85 –1.03 .39

22.17 6.47 Vizio VZIO ... dd 8.74 –1.14 ...

8.86 4.25 VOC Energy VOC 16.4 8 6.77 +0.24 .38

21.27 2.66 VTEX VTEX ... dd 3.70 –0.20 ...

52.67 29.55 V2X VVX ... 14 35.40 –0.35 ...

8.77 2.82 VaalcoEnergy EGY 3.0 3 4.36 +0.24.0325

376.24 201.91 VailResorts MTN 3.5 25 215.64 +7.47 1.91

63.45 29.46 Valaris VAL ... 79 48.94 +1.55 ...

21.29 11.16 Vale VALE21.6 3 13.32 +0.28.2959

12.19 2.71 ValensSemicon VLN ... dd 4.19 +0.26 ...

146.81 65.13 ValeroEnergy VLO 3.7 6 106.85 +6.28 .98

54.06 22.15 Valhi VHI 1.3 4 25.16 +0.60 .08

289.98 203.31 ValmontInds VMI .8 27 268.62 +11.96 .55

37.97 25.26 Valvoline VVV 2.0 11 25.34 –0.95 .125

25.80 1.39 Vapotherm VAPO ... dd 1.57 +0.13 ...

13.38 8.64 VectorGroup VGR 9.1 8 8.81 –0.08 .20

327.78 152.04 VeevaSystems VEEV ... 68 164.88 +2.31 ...

13.18 1.28 Velo3D VLD ... dd 3.94 –0.17 ...

14.00 9.11 VelocityFinl VEL ... 12 10.84 –0.54 ...

3.47 0.87 VenatorMaterials VNTR ... 2 .88 –0.29 ...

64.02 38.70 Ventas VTR 4.5 cc 40.17 –3.26 .45

19.90 10.94 VerisResidential VRE ... dd 11.37 –0.79 ...

161.10 85.57 Veritiv VRTV ... 6 97.77 –0.44 ...

55.51 37.95 Verizon VZ 6.9 8 37.97 –1.55.6525

30.17 8.71 VermilionEnergy VET 1.1 5 21.42 +1.79.0628

18.44 2.72 VerticalAerospace EVTL ... ... 9.36 +1.08 ...

27.97 7.76 Vertiv VRT .1 cc 9.72 –0.23 .01

52.73 25.18 Viad VVI ... dd 31.58 –1.50 ...

15.02 2.82 VicariousSurgical RBOT ... 18 3.35 –0.26 ...

65.20 26.14 Victoria'sSecret VSCO ... 5 29.12 –0.89 ...

11.57 5.88 VinceHolding VNCE ... dd 6.25 –0.08 ...

13.32 5.75 Vipshop VIPS ... 8 8.41 –0.77 ...

25.52 4.71 VirginGalactic SPCE ... dd 4.71 –0.16 ...

4.45 0.99 VirnetX VHC ... dd 1.17 +0.03 ...

236.96 174.83 Visa V .8 28 177.65 –6.31 .375

22.71 16.73 Vishay VSH 2.2 7 17.79 –0.39 .10

38.86 27.03 VishayPrecision VPG ... 14 29.59 –0.96 ...

10.82 4.81 VistaEnergy VIST ... 6 9.42 +0.86 ...

52.69 23.80 VistaOutdoor VSTO ... 3 24.32 –0.49 ...

27.39 16.69 Vistra VST 3.5 dd 21.00 –2.37 .184

13.29 3.26 VivintSmartHome VVNT ... dd 6.58 +0.28 ...

167.83 91.53 VMware VMW ... 29 106.46 –3.14 ...

12.98 1.21 Volta VLTA ... dd 1.21 –0.72 ...

34.64 16.55 Vontier VNT .6 5 16.71 –1.40 .025

47.26 22.83 VornadoRealty VNO 9.2 35 23.16 –1.28 .53

74.97 56.20 VoyaFinancial VOYA 1.3 11 60.50 +0.03 .20

213.65 137.54 VulcanMatls VMC 1.0 35 157.71 +2.08 .40

10.05 9.77 VyGlblGrowthA VYGG ... 21 10.03 +0.02 ...

W

9.01 2.97 W&T Offshore WTI ... 6 5.86 +0.67 ...

108.39 86.84 WEC Energy WEC 3.3 21 89.43 –10.14.7275

197.70 123.01 WEX WEX ... 30 126.94 –4.55 ...

91.48 67.07 WNS WNS ... 30 81.84 +1.73 ...

89.63 67.77 W.P.Carey WPC 6.1 25 69.80 –8.671.061

83.70 39.67 WPP WPP 5.0 11 41.19 –0.31.9052

21.63 12.23 WabashNational WNC 2.1 38 15.56 +0.24 .08

100.05 78.26 Wabtec WAB .7 24 81.35 –1.38 .15

156.77 82.43 Walker&Dunlop WD 2.9 10 83.73 –5.50 .60

27.50 7.55 Wallbox WBX ... ... 7.88 –0.01 ...

160.77 117.27 Walmart WMT 1.7 26 129.70 –0.36 .56

10.79 9.66 WarburgPincusI-A WPCA ... 38 9.92 +0.01 ...

9.94 9.68 WarburgPincusI-B A WPCB ... 42 9.92 +0.01 ...

60.30 10.86 WarbyParker WRBY ... dd 13.34 –0.20 ...

42.95 20.25 WarriorMetCoal HCC .8 2 28.44 +1.44 .80

26.79 17.14 WashingtonREIT WRE 3.9 cc 17.56 –1.24 .17

148.20 113.50 WasteConnections WCN .7 51 135.13 –4.59 .23

175.98 138.58 WasteMgt WM 1.6 31 160.21 –5.53 .65

2.64 0.90 Waterdrop WDH ... dd 1.09 –0.08 ...

375.24 269.37 Waters WAT ... 23 269.53 –5.97 ...

318.98 220.68 Watsco WSO 3.4 19 257.46 +4.53 2.20

212.00 116.31 WattsWater WTS 1.0 20 125.73 +3.25 .30

10.00 9.50 WaverleyCap1 A WAVC ... dd 9.77 ... ...

298.00 32.47 Wayfair W ... dd 32.55 –5.21 ...

22.40 2.91 WeaveComms WEAV ... dd 5.05 +0.04 ...

18.43 5.72 Weber WEBR .0 dd 6.57 +0.03 .04

65.00 40.72 WebsterFin WBS 3.5 15 45.20 +0.10 .40

86.76 52.39 WeisMarkets WMK 1.8 16 71.24 –1.12 .32

60.30 36.54 WellsFargo WFC 3.0 10 40.22 –0.19 .30

99.43 62.65 Welltower WELL 3.8 cc 64.32 –2.39 .61

147.05 99.00 WescoIntl WCC ... 10 119.38 +3.47 ...

102.96 69.60 WestFraserTimber WFG 1.7 3 72.49 +1.34 .30

475.00 244.71 WestPharmSvcs WST .3 27 246.08 –8.16 .18

124.93 64.71 WestAllianceBcp WAL 2.2 7 65.74 –2.87 .36

26.50 11.00 WstAstMtgCap WMC14.3 dd 11.19 –1.30 .40

29.50 18.95 WesternMidstrm WES 7.9 9 25.16 +1.23 .50

21.40 13.30 WesternUnion WU 7.0 6 13.50 –0.52 .235

141.19 81.29 Westlake WLK 1.6 4 86.88 +3.93 .357

54.78 30.78 WestRock WRK 3.2 9 30.89 –1.21 .25

20.00 9.55 Westwood WHG 6.2 17 9.63 –0.55 .15

14.97 2.63 WeWork WE ... dd 2.65 –0.47 ...

43.04 27.37 Weyerhaeuser WY 2.5 9 28.56 –0.43 .18

51.91 28.62 WheatonPrecMet WPM 1.9 20 32.36 +2.32 .15

8.10 1.13 WheelsUp UP ... dd 1.15 –0.21 ...

245.44 134.68 Whirlpool WHR 5.2 12 134.81 –5.98 1.75

1393.48 978.51 WhiteMtnIns WTM .1 dd 1303.02 +81.26 1.00

13.66 8.20 WhitestoneREIT WSR 5.7 25 8.46 –0.64 .04

22.94 12.08 WideOpenWest WOW ... 1 12.27 –1.46 ...

58.20 37.48 Wiley A WLY 3.7 18 37.56 –2.65.3475

58.65 38.13 Wiley B WLYB 3.6 19 38.24 –4.44.3475

37.97 24.86 Williams WMB 5.9 22 28.63 –0.52 .425

10.15 9.85 WilliamsRowland WRAC ... dd 10.08 +0.01 ...

223.32 101.58 Williams-Sonoma WSM 2.6 7 117.85 –7.64 .78

80.30 43.05 Winnebago WGO 2.0 5 53.21 +1.69 .27

9.96 4.68 Wipro WIT 1.5 17 4.71 –0.07.0585

142.33 58.07 Wolfspeed WOLF ... dd 103.36 –6.83 ...

38.07 15.07 WolverineWwide WWW 2.6 10 15.39 –1.92 .10

25.87 14.97 WoodsideEnergy WDS 10.4 6 20.16 +0.14 1.05

39.71 22.18 WooriFin WF 8.1 2 22.32 –2.22 .345

173.24 59.43 Workiva WK ... dd 77.80 +14.34 ...

34.16 19.29 WorldFuelSvcs INT 2.4 17 23.44 –0.16 .14

10.20 9.76 WorldQuantumA WQGA ... 13 10.03 +0.01 ...

75.23 46.91 WW Ent WWE .7 27 70.17 +2.21 .12

62.83 38.01 WorthingtonInds WOR 3.3 6 38.14 –10.02 .31

93.86 58.82 WyndhamHtls WH 2.1 16 61.35 +1.65 .32

XYZ

7.30 1.84 XFinancial XYF ... 1 2.23 +0.05 ...

6.38 0.87 XL Fleet XL ... dd .89 –0.03 ...

88.00 41.67 XPO Logistics XPO ... 7 44.52 +1.57 ...

20.41 13.18 XeniaHotels XHR .0 dd 13.79 –0.33 .10

1.79 0.30 XinyuanRealEst XIN ... dd .53 –0.03 ...

56.45 11.32 XPeng XPEV ... dd 11.95 –1.76 ...

26.00 18.00 XperiWi XPER.WI ... ... 26.00 +3.00 ...

26.90 11.20 XponentialFit XPOF ... dd 18.26 +0.92 ...

134.29 72.08 Xylem XYL 1.4 38 87.36 –2.50 .30

108.82 27.86 Yeti YETI ... 13 28.52 –2.52 ...

7.37 2.82 YPF YPF ... 2 6.21 –0.02 ...

10.40 3.10 Yalla YALA ... 7 3.24 –0.14 ...

6.40 3.70 YamanaGold AUY 2.6 16 4.53 +0.49 .03

4.23 0.39 YatsenHolding YSG ... dd 1.09 +0.06 ...

41.28 26.28 Yelp YELP ... 53 33.91 +1.30 ...

13.13 4.00 Yext YEXT ... dd 4.46 ... ...

4.47 0.67 YirenDigital YRD ... 1 1.07 –0.11 ...

17.77 3.93 Youdao DAO ... dd 3.93 –0.33 ...

139.85 106.30 YumBrands YUM 2.1 21 106.34 –4.31 .57

61.29 33.55 YumChina YUMC 1.0 27 47.33 +0.73 .12

91.23 22.79 ZimIntShipping ZIM 115.3 0 23.50 –1.37 4.75

34.82 19.72 ZTO Express ZTO .0 22 24.03 –0.17 .25

136.30 54.16 Zendesk ZEN ... dd 76.10 +0.20 ...

9.73 1.31 ZeppHealth ZEPP .0 dd 1.37 –0.11 .08

13.46 4.09 ZetaGlobal ZETA ... dd 6.61 +0.53 ...

13.92 1.86 ZeviaPBC ZVIA ... dd 4.32 –0.06 ...

10.71 1.02 Zhihu ZH ... dd 1.06 –0.07 ...

142.91 100.39 ZimmerBiomet ZBH .9 96 104.55 –1.66 .24

32.90 13.78 ZipRecruiter ZIP ... 31 16.50 +0.69 ...

249.27 147.77 Zoetis ZTS .9 34 148.29 –1.76 .325

23.25 7.10 Zuora ZUO ... dd 7.38 +0.04 ...

38.32 24.13 ZurnElkayWater ZWS 1.1 23 24.50 –0.38 .07

29.62 4.11 Zymeworks ZYME ... dd 6.15 +0.88 ...

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:37

October 3, 2022 BARRON’S 37

DATA NASDAQ ISSUES - NEW HIGHS - NEW LOWS BARRONS.COM/DATA

A

83.79 47.50 AAON AAON .7 52 53.88 –0.19 .19 28.06 12.24 AcadiaPharm ACAD ... dd 16.36 –0.39 ... 36.01 20.19 ACI Worldwide ACIW ... 16 20.90 +0.12 ... 8.14 2.06 AC Immune ACIU ... dd 3.16 +0.76 ... 39.71 11.23 ACM Research ACMR ... 26 12.46 –1.33 ... 22.82 6.10 ACV Auctions ACVA ... dd 7.19 –1.06 ... 2.92 1.01 ADMA Biologics ADMA ... dd 2.43 +0.08 ... 25.47 16.30 Adtran ADTN 1.8 dd 19.58 +1.47 .09 25.50 14.90 AFC Gamma AFCG14.2 8 15.30 –1.22 .56 16.75 8.39 AGNC Invt AGNC 17.1 dd 8.42 –2.00 .12 10.54 9.77 AIBAcqnA AIB ... dd 10.05 +0.01 ... 0.26 0.07 AIBAcqnRt AIBBR ... ... .07 –0.03 ... 10.69 9.47 ALSPOrchidI A ALOR ... dd 10.03 –0.04 ... 76.15 5.82 AlxOncology ALXO ... dd 9.57 –0.22 ... 51.51 19.91 AMC Networks AMCX ... 3 20.30 –1.08 ... 64.90 44.06 Amerisafe AMSF 2.7 20 46.73 –0.11 .31 44.60 23.71 A-MarkPrecMet AMRK 2.8 5 28.39 +1.90 .20 60.23 22.31 ANI Pham ANIP ... dd 32.14 +0.43 ... 413.89 221.44 Ansys ANSS ... 43 221.70 –7.84 ... 23.58 6.88 AN2 Therap ANTX ... ... 17.38 +6.18 ... 51.95 21.34 APA APA 2.9 4 34.19 +1.32 .25

22.45 15.31 ARKRestaurants ARKR 2.7 4 18.59 +0.69 .125 881.12 412.67 ASML ASML 1.5 26 415.35 –20.792.0843 10.48 9.81 A SPAC II ASCB ... ... 9.95 –0.01 ... 0.13 0.05 A SPAC II Rt ASCBR ... ... .07 ... ... 14.27 4.84 AST Space ASTS ... dd 7.22 +0.11 ... 2.94 0.88 ATA Creativity AACG ... dd 1.71 –0.03 ... 17.81 2.95 ATAI Life ATAI ... dd 3.31 +0.09 ... 50.45 32.07 ATN Intl ATNI 1.8 dd 38.57 –1.61 .17

9.37 3.06 AveoPharma AVEO ... dd 8.23 +0.48 ... 6.62 0.64 AVROBIO AVRO ... dd .64 –0.04 ... 9.94 4.97 AXT AXTI ... 19 6.70 –0.05 ... 24.00 12.54 Abcam ABCM ... cc 14.99 +0.36 ... 19.41 5.42 AbCelleraBio ABCL ... 16 9.89 +0.69 ... 379.30 219.85 Abiomed ABMD ... 52 245.66 +0.13 ... 18.12 2.90 Absci ABSI ... dd 3.13 +0.02 ... 12.41 6.79 AbsoluteSftwr ABST 2.1 dd 11.61 +0.92.0622 7.05 3.30 AcaciaResearch ACTG ... 4 4.04 ... ... 51.51 25.10 AcademySports ASO .7 6 42.18 –2.11 .075

86.75 50.07 AcadiaHealthcare ACHC ... 26 78.18 +0.39 ... 43.10 4.61 Accolade ACCD ... dd 11.42 –0.35 ... 9.95 9.69 AccretionAcqn ENER ... dd 9.94 +0.06 ... 0.37 0.06 AccretionAcqnRt ENERR ... ... .09 +0.02 ... 5.93 1.70 Accuray ARAY ... dd 2.08 +0.03 ... 1.05 0.16 AcelRxPharm ACRX ... 1 .21 –0.03 ... 10.04 9.82 AchariVenturesI AVHI ... 34 10.02 –0.02 ... 9.00 1.84 AchillesTherap ACHL ... dd 2.26 –0.58 ... 18.75 9.26 AclarisTherap ACRS ... dd 15.74 +2.67 ... 4.90 0.26 AcordaTherap ACOR ... dd .30 +0.01 ... 86.90 56.40 ActivisionBliz ATVI .6 31 74.34 –0.61 .47 15.64 3.02 AcumenPharm ABOS ... dd 10.03 +5.40 ... 9.15 0.48 AcutusMedical AFIB ... dd .88 +0.01 ... 14.50 1.22 Adagene ADAG ... ... 1.28 –0.08 ... 5.95 1.01 AdaptimmuneTher ADAP ... dd 1.08 –0.10 ... 37.55 5.96 AdaptiveBiotech ADPT ... dd 7.12 +0.62 ... 108.11 68.57 AddusHomeCare ADUS ... 35 95.24 +5.89 ... ... ... AdeiaWi ADEAV ... ... 16.00 ... ... 21.17 7.13 AdicetBio ACET ... dd 14.22 +0.32 ... 699.54 274.73 Adobe ADBE ... 27 275.20 –9.36 ... 8.00 2.73 AdvEmissions ADES ... 2 2.73 –0.37 ... 98.07 67.55 AdvEnergyInds AEIS .5 21 77.41 –2.51 .10

164.46 62.83 AdvMicroDevices AMD ... 27 63.36 –4.60 ... 9.49 1.95 AdvantageSolns ADV ... 10 2.13 –0.27 ... 2.52 0.80 AdverumBiotech ADVM ... dd .95 –0.02 ... 8.50 0.37 AegleaBioTherap AGLE ... dd .53 +0.08 ... 23.33 4.45 Aemetis AMTX ... dd 6.12 –0.35 ... 15.37 4.81 AeriePharm AERI ... dd 15.13 +0.01 ... 27.83 7.74 AerovateTherap AVTE ... dd 16.58 +1.81 ... 114.11 52.03 AeroVironment AVAV ... cc 83.36 –5.29 ... 10.60 9.95 AestherHlthcrA AEHA ... dd 10.19 ... ... 4.64 1.17 AestheticMed AIH ... ... 1.77 +0.12 ... 9.97 9.72 AetheriumAcqnA GMFI ... dd 9.96 ... ...

7.35 1.93 Affimed AFMD ... dd 2.06 +0.06 ... 176.65 13.64 AffirmHldgs AFRM ... dd 18.76 –0.52 ... 20.56 8.73 Afya AFYA ... 20 13.56 –0.58 ... 55.75 31.49 Agilysys AGYS ... cc 55.35 +7.95 ... 50.98 16.75 AgiosPharm AGIO ... dd 28.28 –0.71 ...

29.01 3.61 Agora API ... dd 3.63 –0.42 ... 2.33 1.46 AgroFresh AGFS ... dd 1.50 –0.11 ... 10.06 9.76 AhrenAcqnA AHRN ... 45 10.05 –0.01 ... 32.99 14.01 AirT AIRT ... 5 17.12 –5.38 ... 34.54 23.32 AirTransport ATSG ... 9 24.09 +0.48 ... 212.58 86.71 Airbnb ABNB ... 57 105.04 +3.29 ... 18.48 5.79 AirSculptTech AIRS .0 dd 6.43 –0.30 .41 123.25 79.80 AkamaiTech AKAM ... 23 80.32 –0.79 ... 3.35 0.30 AkebiaTherap AKBA ... dd .32 ... ... 35.38 7.52 AkeroTherap AKRO ... dd 34.05 +8.14 ... 11.62 2.32 Akouos AKUS ... dd 6.76 +2.32 ...

16.57 8.02 Akoya AKYA ... dd 11.75 +0.84 ... 22.39 0.74 AksoHealth AHG ... ... .91 +0.02 ... 90.69 54.99 Alarm.com ALRM ... 79 64.86 +1.28 ... 4.01 0.41 AlaunosTherap TCRT ... dd 1.72 –0.01 ... 27.00 7.50 Alector ALEC ... 25 9.46 +1.03 ... 13.65 6.21 AlgomaSteel ASTL 3.1 1 6.44 –1.06 .05 43.65 27.80 Alico ALCO 7.1 7 28.24 –2.82 .50 713.33 204.32 AlignTech ALGN ... 27 207.11 –15.32 ... 23.35 6.14 AlignmentHlthcr ALHC ... dd 11.84 –0.05 ... 17.97 0.98 AligosTherap ALGS ... dd 1.10 +0.04 ... 7.92 3.94 AlimeraSciences ALIM ... dd 5.08 –0.22 ... 32.50 9.23 AlkamiTech ALKT ... dd 15.05 +1.18 ... 33.00 21.24 Alkermes ALKS ... dd 22.33 +0.01 ... 112.87 2.54 Allakos ALLK ... dd 6.12 +0.87 ... 18.20 1.01 AllarityTherap ALLR ... dd 1.10 –0.04 ... 32.44 2.83 Allbirds BIRD ... dd 3.04 –0.15 ... 46.96 37.04 AllegianceBcshs ABTX 1.3 11 41.63 –2.27 .14 206.40 72.97 AllegiantTravel ALGT ... 28 72.98 –7.30 ... 38.28 19.20 AllegroMicro ALGM ... 41 21.85 +0.25 ... 27.63 9.66 AllianceResource ARLP 7.0 10 22.90 +1.42 .40 65.37 52.81 AlliantEnergy LNT 3.2 19 52.99 –6.53.4275 44.70 21.14 AlliedMotionTech AMOT .3 30 28.62 –0.46 .025 25.66 6.43 AllogeneTherap ALLO ... dd 10.80 +0.18 ... 16.26 3.73 Allot ALLT ... dd 3.92 –0.05 ... 26.41 3.17 AlloVir ALVR ... dd 7.89 +0.50 ... 23.25 13.05 AllscriptsHlthcr MDRX ... 36 15.23 –1.44 ... 236.80 117.58 AlnylamPharm ALNY ... dd 200.16 –0.62 ... 69.99 28.74 Alpha&Omega AOSL ... 2 30.76 –0.41 ... 10.08 9.77 AlphaStarAcqn ALSA ... dd 10.08 +0.01 ... 0.33 0.05 AlphaStarRt ALSAR ... ... .15 –0.02 ... 28.00 3.28 AlphaTeknova TKNO ... dd 3.34 –0.21 ... 151.55 95.56 Alphabet A GOOGL ... 18 95.65 –3.09 ... 152.10 96.03 Alphabet C GOOG ... 18 96.15 –3.02 ... 14.00 5.73 Alphatec ATEC ... dd 8.74 +0.69 ... 14.40 6.00 AlpineImmune ALPN ... dd 7.20 +0.31 ... 7.25 2.91 AlpineSummit ALPS 7.1 ... 5.10 ... .03

0.30 0.05 AlsetCapAcqnRt ACAXR ... ... .09 –0.07 ... 82.96 44.15 AltairEngg ALTR ... dd 44.22 –1.49 ... 10.78 3.85 AltEnergyA AEAE ... 12 10.03 +0.02 ... 23.49 3.83 Altimmune ALT ... dd 12.77 +0.40 ... 14.58 8.68 AltisourcePortf ASPS ... 9 13.11 +1.98 ... 62.25 32.18 AltraIndlMotion AIMC 1.1 cc 33.62 –0.08 .09 14.04 5.20 Alvotech ALVO ... cc 6.76 –0.07 ... 25.03 15.23 AmalgamFin AMAL 1.8 11 22.55 –0.42 .10 5.24 1.04 Amarin AMRN ... dd 1.09 ... ... 188.11 101.26 Amazon.com AMZN ... cc 113.00 –0.78 ... 227.59 56.05 Ambarella AMBA ... dd 56.18 –2.29 ... 90.77 68.33 Amdocs DOX 2.0 18 79.45 +0.08 .395 188.88 96.45 Amedisys AMED ... 23 96.79 –9.32 ... 36.72 23.68 AmerantBncpA AMTB 1.4 9 24.84 –0.45 .09 769.90 447.92 Amerco UHAL .0 9 509.22 +8.56 .50 20.63 16.36 AmerFirstMultifam ATAX 8.6 6 17.28 –0.89 .20 22.35 11.85 AmerAirlines AAL ... dd 12.04 –0.17 ...

105.60 80.22 AEP AEP 3.6 17 86.45 –11.29 .78 40.34 31.62 AmNtlBcsh AMNB 3.5 9 31.95 –0.75 .28 25.45 7.10 AmOutdoorBrands AOUT ... dd 8.77 +0.34 ... 26.66 7.83 AmericanPubEdu APEI ... dd 9.14 –0.28 ... 33.27 14.52 AmerSoftware AMSWA 2.9 44 15.32 +0.58 .11 19.36 4.23 AmerSupercond AMSC ... dd 4.38 –0.07 ... 76.36 40.70 AmericanWoodmark AMWD ... dd 43.86 –2.02 ... 129.50 60.16 AmerCarMart CRMT ... 5 61.02 –6.30 ... 56.64 38.22 AmerisBancorp ABCB 1.3 9 44.71 –1.87 .15 4.52 3.68 AmeriServFin ASRV 3.2 8 3.80 –0.01 .03 258.45 198.64 Amgen AMGN 3.4 19 225.40 –1.57 1.94 12.96 5.91 AmicusTherap FOLD ... dd 10.44 +0.35 ... 26.64 14.89 AmkorTech AMKR 1.2 6 17.05 –0.02 .05 44.46 18.12 AmphastarPharm AMPH ... 16 28.10 +0.54 ... 12.45 5.61 AmrytPharma AMYT ... dd 6.92 –0.18 ... 15.78 6.66 AmtechSystems ASYS ... 9 8.50 –0.74 ... 33.41 6.51 AmylyxPharm AMLX ... dd 28.15 +0.28 ... 15.12 1.47 Amyris AMRS ... dd 2.92 –0.12 ... 191.95 138.50 AnalogDevices ADI 2.2 39 139.34 –2.58 .76 37.89 18.20 AnaptysBio ANAB ... dd 25.51 +0.10 ... 23.73 7.13 AnavexLifeSci AVXL ... dd 10.32 +1.14 ... 59.00 29.35 Andersons ANDE 2.3 8 31.03 +0.63 .18 33.13 2.29 Anghami ANGH ... dd 2.61 +0.06 ... 13.30 2.88 Angi ANGI ... dd 2.95 –0.04 ... 32.00 17.56 AngioDynamics ANGO ... dd 20.46 +0.58 ... 10.11 0.87 AngionBiomed ANGN ... dd .92 –0.08 ... 45.81 19.95 AnikaTherap ANIK ... dd 23.80 +0.33 ... 22.34 2.06 Annexon ANNX ... dd 6.18 +0.19 ... 10.11 6.97 AnthemisDigA ADAL ... cc 10.11 +0.03 ... 70.00 30.17 ApellisPharm APLS ... dd 68.30 +9.98 ... 50.45 35.96 ApogeeEnt APOG 2.3 16 38.22 –0.57 .22 10.39 3.49 ApolloEnd APEN ... dd 5.51 +0.36 ... 139.99 79.92 AppFolio APPF ... dd 104.72 +4.94 ... 7.11 1.82 AppHarvest APPH ... dd 1.97 +0.05 ... 104.45 38.78 Appian APPN ... dd 40.83 –0.66 ... 182.94 129.04 Apple AAPL .7 23 138.20 –12.23 .23 34.20 0.85 AppliedBlockchn APLD ... dd 1.70 +0.11 ... 3.18 0.27 AppliedGenetic AGTC ... dd .27 –0.02 ... 167.06 81.53 ApplMaterials AMAT 1.3 11 81.93 –2.36 .26 26.44 0.85 AppliedMolecular AMTI ... dd .97 –0.15 ... 8.86 1.48 AppliedOptoelec AAOI ... dd 2.72 –0.13 ... 19.14 0.73 AppliedTherap APLT ... dd .93 –0.03 ... 116.09 19.34 Applovin APP ... dd 19.49 –0.72 ... 5.67 0.62 ApreaTherap APRE ... dd .65 –0.06 ...

3.76 0.33 Aptinyx APTX ... dd .37 –0.05 ... 2.72 0.86 Aptorum APM ... dd 1.15 –0.02 ... 10.53 9.80 APxAcqnI A APXI ... 18 10.12 +0.01 ... 17.50 3.01 ApyxMedical APYX ... dd 4.49 –0.31 ... 6.40 0.62 AquestiveTherap AQST ... dd 1.17 +0.08 ... 4.25 0.58 Aravive ARAV ... dd .82 –0.10 ... 10.61 9.84 ArborRaphaCapBioI ARCK ... dd 10.12 +0.01 ... 6.50 1.85 ArbutusBiopharma ABUS ... dd 1.91 –0.01 ... 125.00 65.16 ArcBest ARCB .7 6 72.73 +2.50 .12 26.91 6.04 Arcellx ACLX ... ... 18.77 +1.31 ...

50.73 37.44 ArchCapital ACGL ... 11 45.54 +2.44 ... 13.26 1.35 Arcimoto FUV ... dd 1.38 –0.14 ... 23.18 10.55 ArcoPlatform ARCE ... dd 10.79 –0.95 ... 48.75 11.70 ArcturusTherap ARCT ... dd 14.82 +1.20 ... 27.40 13.59 ArcutisBiotherap ARQT ... dd 19.11 +0.92 ... 1.92 0.49 Ardelyx ARDX ... dd 1.19 +0.06 ... 10.81 9.55 ArenaFortifyA AFAC ... 16 10.09 –0.01 ... 23.00 16.71 AresCapital ARCC10.2 8 16.88 –0.66 .03 403.77 249.50 arGEN-X ARGX ... dd 353.05 +9.85 ... 21.00 3.66 ArgoBlockchain ARBK ... dd 3.87 +0.02 ... 10.50 9.82 ArgusCapitalA ARGU ... 10 10.05 +0.03 ... 14.95 4.23 Arhaus ARHS ... 13 7.05 –0.83 ... 9.94 9.70 AriszAcqnA ARIZ ... dd 9.93 +0.01 ... 0.21 0.01 AriszAcqnRt ARIZR ... ... .06 –0.02 ... 10.10 9.34 ArmadaAcqnI AACI ... dd 9.92 +0.01 ... 10.00 9.80 ArogoCapA AOGO ... dd 9.93 ... ... 27.67 5.45 ArrayTech ARRY ... dd 16.58 –0.14 ... 17.99 0.76 Arrival ARVL ... dd .81 –0.05 ... 37.13 28.68 ArrowFinancial AROW 3.6 10 28.82 –2.13.2621 84.83 26.81 ArrowheadPharm ARWR ... dd 33.05 +2.12 ... 10.17 9.70 ArtemisStratInvt ARTE ... 70 9.95 –0.07 ... 27.57 6.14 Arteris AIP ... dd 6.66 –0.30 ... 60.36 37.60 ArtesianRscs A ARTNA 2.3 26 48.12 –3.26.2729 97.33 34.90 Arvinas ARVN ... dd 44.49 +2.43 ... 172.65 61.58 AscendisPharma ASND ... dd 103.26 +2.61 ... 19.20 10.16 AscentIndustries ACNT ... 4 14.01 –0.49 ... 6.04 0.33 AspenGroup ASPU ... dd .38 –0.03 ... 240.56 173.81 AspenTech AZPN ... ... 238.20 +16.05 ... 3.51 1.32 AssemblyBiosci ASMB ... dd 1.64 –0.06 ... 75.00 31.04 AstecIndustries ASTE 1.5 cc 31.19 –1.98 .12 13.58 0.60 AstraSpace ASTR ... dd .61 –0.04 ... 71.70 52.65 AstraZeneca AZN 2.6 dd 54.84 +0.26 .465 10.70 2.36 AstriaTherap ATXS ... dd 9.04 –0.15 ... 14.96 7.84 Astronics ATRO ... dd 7.86 –0.47 ... 18.52 10.97 AstroNova ALOT ... dd 11.70 +0.05 ... 20.04 2.83 AtaraBiotherap ATRA ... dd 3.78 +0.47 ... 46.91 5.31 AteaPharm AVIR ... 47 5.69 –0.11 ...

3.03 0.23 Athenex ATNX ... dd .27 +0.03 ... 16.65 2.53 AthiraPharma ATHA ... dd 2.97 –0.15 ... 4.59 2.12 AtlanticAmerican AAME .7 26 2.86 –0.09 .02 10.07 9.87 AtlCoastal II A ACAB ... dd 10.02 +0.02 ... 42.67 30.26 AtlUnionBkshs AUB 3.9 11 30.38 –2.10 .30 41.32 26.11 AtlanticaSust AY 6.7 dd 26.30 –2.85 .445 91.98 24.33 Atlanticus ATLC ... 3 26.23 +0.36 ... 101.62 58.70 AtlasAir AAWW ... 7 95.57 –2.32 ... 13.57 4.71 AtlasTech ATCX ... dd 6.65 –0.63 ... 483.13 159.54 Atlassian TEAM ... dd 210.59 –6.97 ... 243.99 20.00 AtlisMotor AMV ... ... 20.40 ... ... 6.51 1.50 Atreca BCEL ... dd 1.57 –0.02 ... 89.18 32.84 AtriCure ATRC ... 34 39.10 +0.54 ... 805.62 542.10 Atrion ATRI 1.5 30 565.00 +19.57 2.15 37.11 22.95 AuburnNatlBncp AUBN 4.6 11 23.02 –1.03 .265 37.35 19.62 AudioCodes AUDC 1.7 23 21.81 +0.31 .18 26.16 11.98 AuraBiosciences AURA ... dd 18.12 +3.26 ... 10.19 9.83 AuraFatProjectsA AFAR ... ... 10.07 +0.02 ... 33.97 6.28 AuriniaPharm AUPH ... dd 7.52 +0.49 ... 8.69 1.12 AuroraCannabis ACB ... dd 1.22 +0.02 ... 17.77 1.84 AuroraInnov AUR ... dd 2.21 –0.14 ... 1.81 0.75 AuroraMobile JG ... dd .99 –0.04 ... 10.05 9.54 AuroraTechA ATAK ... ... 10.02 –0.01 ... 0.25 0.06 AuroraTechRt ATAKR ... ... .06 –0.01 ... 335.48 163.20 Autodesk ADSK ... 74 186.80 +2.24 ... 7.90 1.96 AutolusTherap AUTL ... dd 2.14 +0.10 ... 261.59 192.26 ADP ADP 1.8 32 226.19 –4.09 1.04 11.59 1.05 AvadelPharm AVDL ... dd 5.01 +0.19 ... 10.50 9.83 AvalonAcqn AVAC ... 24 10.05 +0.05 ... 9.04 1.48 AveannaHealth AVAH ... dd 1.50 –0.19 ... 9.58 3.88 AvePoint AVPT ... dd 4.01 –0.08 ... 36.63 23.88 AviatNetworks AVNW ... 15 27.38 –1.41 ... 37.31 20.83 AvidTechnology AVID ... 22 23.26 +1.20 ... 29.25 10.89 AvidityBio RNA ... dd 16.33 –2.21 ...

27.44 5.86 AvidXchange AVDX ... dd 8.42 +0.93 ... 545.11 117.21 AvisBudget CAR ... 3 148.46 +10.21 ... 50.19 35.45 Avnet AVT 3.2 5 36.12 –0.17 .29

4.16 1.78 Aware AWRE ... dd 1.78 –0.10 ... 83.74 45.14 AxcelisTechs ACLS ... 14 60.56 +3.22 ... 4.40 1.35 AxcellaHealth AXLA ... dd 1.71 +0.09 ... 209.00 82.49 AxonEnterprise AXON ... 60 115.75 +2.29 ... 79.92 38.41 Axonics AXNX ... dd 70.44 +5.20 ... 71.98 20.63 AxsomeTherap AXSM ... dd 44.62 –5.64 ... 14.50 0.70 AyalaPharm AYLA ... dd 1.00 +0.01 ... 124.79 42.41 Azenta AZTA .9 dd 42.86 –2.60 .10

B

20.71 14.25 BCB Bancorp BCBP 3.8 8 16.83 –0.76 .16 12.69 4.98 BELLUS Health BLU ... dd 10.56 +0.33 ... 5.64 3.00 BGC Partners BGCP 1.3 11 3.14 –0.51 .01 44.89 20.15 BJsRestaurants BJRI ... dd 23.85 –0.04 ... 120.20 70.21 BOK Fin BOKF 2.4 12 88.86 +1.03 .53 45.36 17.08 BRP Group BRP ... dd 26.35 +0.01 ... 95.94 57.38 BRP DOOO .8 9 61.56 –1.37.1217 91.24 41.20 B RileyFin RILY 9.0 dd 44.52 –3.97 1.00 11.01 3.95 BTRS BTRS ... dd 9.26 +3.49 ... 36.50 4.81 Backblaze BLZE ... dd 4.97 –0.07 ... 182.60 101.62 Baidu BIDU ... dd 117.49 –1.26 ... 39.78 20.42 BakerHughes BKR 3.4 dd 20.96 –0.77 .18 174.29 110.15 Balchem BCPC .5 36 121.58 +0.48 .64 19.66 5.75 BallardPower BLDP ... dd 6.12 –0.31 ... 118.07 60.25 BancFirst BANF 1.8 19 89.47 –4.04 .40 92.63 11.28 Bandwidth BAND ... dd 11.90 –0.06 ... 51.39 34.79 BankOZK OZK 3.2 9 39.56 +0.04 .32 32.05 26.57 BankofPrinceton BPRN 3.5 8 28.35 +0.50 .25 27.28 20.94 Bank7 BSVN 2.2 8 22.18 –0.62 .12 11.81 9.18 BankFinancial BFIN 4.2 16 9.46 –0.10 .10 36.87 29.05 BankwellFin BWFG 2.7 7 29.11 –0.71 .20 66.79 52.35 Banner BANR 3.0 11 59.08 –1.07 .44 20.73 5.41 Baozun BZUN ... dd 6.28 –0.05 ... 86.82 57.76 BarrettBus BBSI 1.5 13 78.00 +0.22 .30 24.12 13.16 BassettFurniture BSET 3.7 20 15.68 –0.85 .16 23.54 17.56 BayCom BCML 1.1 9 17.58 –0.73 .05 65.30 45.71 BeaconRoof BECN ... 11 54.72 +2.49 ... 100.06 27.77 BeamTherap BEAM ... dd 47.64 +0.55 ... 2.88 1.05 BeasleyBroadcast BBGI ... dd 1.08 –0.05 ... 30.06 4.38 BedBath BBBY ... dd 6.09 –0.58 ... 392.30 118.18 BeiGene BGNE ... dd 134.82 –3.82 ... 32.46 13.14 BelFuse A BELFA .9 11 27.95 +0.52 .06 29.61 11.58 BelFuse B BELFB 1.1 9 25.25 +0.78 .07 13.06 5.97 Benefitfocus BNFT ... dd 6.35 +0.21 ... 62.37 26.32 BentleySystems BSY .4 99 30.59 –0.50 .03 26.75 2.81 BerkeleyLights BLI ... dd 2.86 –0.14 ... 7.37 1.40 BerkshireGrey BGRY ... dd 1.70 –0.07 ... 1.62 0.18 BerkshireGreyWt BGRYW ... ... .18 –0.06 ... 12.85 6.78 Berry(bry) BRY 3.2 cc 7.50 +0.12 .56 109.95 14.12 BeyondMeat BYND ... dd 14.17 –1.52 ... 62.08 12.08 BicycleTherap BCYC ... dd 23.26 +0.34 ... 47.65 10.30 Big5SportingGds BGFV 9.3 4 10.74 +0.03 .25 64.14 12.71 BigCommerce BIGC ... dd 14.80 +0.30 ... 89.80 14.90 Bilibili BILI ... dd 15.32 –0.86 ... 531.80 281.42 Bio-Techne TECH .5 43 284.00 –7.06 .32 31.65 2.01 BioAtla BCAB ... dd 7.70 –0.31 ... 16.43 9.27 BioceresCrop BIOX ... dd 13.02 +0.82 ...

19.99 7.61 BioCryst BCRX ... dd 12.60 +0.24 ... 8.75 1.23 Biodesix BDSX ... dd 1.27 –0.01 ... 290.76 187.16 Biogen BIIB ... 19 267.00 +69.22 ... 97.76 70.73 BioMarinPharm BMRN ... cc 84.77 –0.07 ... 14.20 2.84 BiomeaFusion BMEA ... dd 9.78 –0.73 ... 22.00 5.30 Bionomics BNOX ... dd 6.27 –0.95 ... 374.58 117.08 BioNTech BNTX .0 3 134.88 +6.531.5342 10.14 9.78 BioPlusAcqnA BIOS ... dd 10.05 +0.02 ... 6.20 0.48 BioraTherap BIOR ... dd .48 –0.05 ... 10.53 2.00 Biote BTMD ... 2 4.28 +0.08 ... 17.53 6.30 Bioventus BVS ... dd 7.00 +0.02 ... 9.36 1.01 Bitfarms BITF ... dd 1.05 –0.02 ... 8.71 1.46 BlackDiamond BDTX ... dd 1.69 –0.27 ... 86.96 43.54 Blackbaud BLKB ... dd 44.06 –1.51 ...

135.00 49.66 BlackLine BL ... dd 59.90 +1.75 ... 4.38 3.35 BlackRockCapInvt BKCC 11.8 12 3.39 –0.18 .10 14.52 10.86 BlkRkTCPCap TCPC 11.0 11 10.93 –0.77 .30 9.95 9.61 bleuacaciaA BLEU ... dd 9.86 +0.01 ... 0.25 0.05 bleuacaciaRt BLEUR ... ... .10 –0.03 ... 10.58 4.09 BlockchainCoinIA BCSA ... 56 10.08 +0.01 ... 10.40 9.70 BlockchainMoonA BMAQ ... dd 9.99 +0.01 ... 0.41 0.04 BlockchainMoonRt BMAQR ... ... .06 ... ... 26.88 15.89 BloominBrands BLMN 3.1 29 18.33 –0.09 .14 23.36 15.10 Blucora BCOR ... 43 19.34 +0.25 ... 25.75 8.02 BlueBird BLBD ... dd 8.35 –0.30 ... 15.47 11.01 BlueFoundryBncp BLFY ... dd 11.15 –0.44 ... 10.45 9.80 BlueOceanA BOCN ... 21 10.03 +0.01 ... 10.38 9.84 BlueWorldA BWAQ ... dd 10.03 –0.01 ... 0.25 0.06 BlueWorldRt BWAQR ... ... .08 –0.02 ... 17.85 2.87 bluebirdbio BLUE ... dd 6.33 +0.71 ...

117.86 43.46 BlueprintMed BPMC ... dd 65.89 +0.32 ... 14.18 1.39 BoltBiotherap BOLT ... dd 1.48 –0.24 ... 2715.66 1641.87 BookingHldgs BKNG ... 44 1643.21 –26.67 ... 22.82 10.76 BowmanConsult BWMN ... cc 14.60 –1.60 ... 11.00 2.30 BraggGaming BRAG ... dd 4.06 –0.50 ... 9.18 3.43 Brainsway BWAY ... dd 3.61 +0.08 ... 98.78 27.09 Braze BRZE ... dd 34.83 +0.52 ... 53.57 4.98 BridgeBioPharma BBIO ... dd 9.94 +0.19 ... 15.50 10.26 BridgfordFoods BRID ... 3 14.15 –0.55 ... 12.46 5.84 Brightcove BCOV ... dd 6.30 –0.13 ... 62.33 38.38 BrighthouseFin BHF ... 2 43.42 –1.26 ...

20.39 3.60 BrilliantEarthA BRLT ... cc 5.73 –0.47 ... 10.63 9.91 BroadCapital BRACU ... ... 10.07 +0.01 ... 10.13 9.82 BroadCapital BRAC ... dd 9.98 +0.01 ... 0.30 0.02 BroadCapitalRt BRACR ... ... .10 ... ... 677.76 443.64 Broadcom AVGO 3.7 19 444.01 –24.67 4.10 17.74 11.65 BrooklineBcp BRKL 4.5 8 11.65 –1.03 .13 10.10 0.21 BrooklynImmuno BTX ... dd .25 +0.02 ... 87.22 48.42 Bruker BRKR .4 29 53.06 +3.54 .05 10.55 9.80 BullpenParlayA BPAC ... 28 10.08 +0.03 ... 60.50 15.41 Bumble BMBL ... dd 21.49 +0.26 ... 9.21 2.51 BurgerFiIntl BFI ... dd 2.60 –0.31 ... 17.90 1.74 BurningRockBio BNR ... dd 2.39 –0.36 ... 10.02 9.80 BurTechAcqnA BRKH ... ... 10.01 +0.03 ... 29.50 20.19 BusFirstBcshs BFST 2.2 10 21.53 –0.69 .12 14.77 1.44 BuzzFeed BZFD ... dd 1.56 +0.04 ... 10.59 9.89 byNordicAcqnA BYNO ... ... 10.05 +0.06 ...

C

7.62 1.66 Cadiz CDZI ... dd 1.90 –0.54 ... 56.18 43.10 C&F Fin CFFI 3.1 7 53.50 +3.76 .42 26.80 20.49 CB FinSvcs CBFV 4.4 10 21.76 –1.00 .24 33.10 26.06 CBTX CBTX 1.8 20 29.25 –1.71 .13 208.71 152.15 CDW CDW 1.3 21 156.08 –3.83 .50 50.85 25.99 CEVA CEVA ... cc 26.23 –0.31 ... 10.45 9.80 CFAcqnVII A CFFS ... dd 10.00 +0.03 ... 48.75 4.84 C4 Therap CCCC ... dd 8.77 +0.21 ... 121.23 85.80 CH Robinson CHRW 2.3 12 96.31 –1.37 .55 10.98 9.75 CIIGCapPtrsII CIIG ... dd 9.92 ... ...

3.86 1.28 CLPS CLPS ... 3 1.32 –0.14 ... 256.94 175.08 CME Group CME 2.3 22 177.13 –3.95 1.00 28.59 23.05 CNB FinPA CCNE 3.0 7 23.57 –0.86 .175 49.52 6.54 CompassPath CMPS ... dd 10.73 –1.07 ... 34.84 10.18 CPI Card PMTS ... 10 15.76 –1.82 ... 116.71 78.35 CRA Intl CRAI 1.4 16 88.74 +3.56 .31 112.39 42.51 CRISPR Therap CRSP ... dd 65.35 +2.19 ...

66.58 48.22 CSG Systems CSGS 2.0 38 52.88 –0.82 .265 9.98 6.61 CSP CSPI .0 42 7.19 –0.70 .03 145.50 96.03 CSW Industrials CSWI .6 25 119.80 –0.70 .17 38.63 26.61 CSX CSX 1.5 15 26.64 –1.04 .10 28.14 19.00 CVB Fin CVBF 3.2 17 25.32 –0.98 .20 14.95 0.59 CabalettaBio CABA ... dd .65 +0.02 ... 10.76 9.81 CactusAcqn1 A CCTS ... dd 10.05 –0.02 ... 194.97 132.32 CadenceDesign CDNS ... 58 163.43 +2.46 ... 119.81 31.38 CaesarsEnt CZR ... dd 32.26 –3.11 ...

13.67 8.20 Caesarstone CSTE10.7 16 9.31 +0.46 .25 62.64 34.29 Cal-MaineFoods CALM 6.1 10 55.59 –4.98 .85 10.68 3.82 CalAmp CAMP ... dd 3.84 –0.21 ... 45.50 28.76 CalavoGrowers CVGW 3.6 dd 31.75 –1.20 1.15 24.00 17.10 CaliforniaBncp CALB ... 12 20.22 –0.27 ... 43.80 2.30 CalitheraBiosci CALA ... dd 2.94 +0.17 ... 27.50 12.55 CalliditasTherap CALT ... dd 15.17 +0.82 ... 18.47 7.71 CalumetSpecialty CLMT ... dd 12.81 –1.63 ... 4.08 0.16 Calyxt CLXT ... dd .17 +0.01 ... 38.53 12.40 CambiumNtwks CMBM ... 71 16.92 +0.15 ... 52.16 41.48 CamdenNational CAC 3.8 10 42.60 –1.32 .40 49.60 22.89 Camtek CAMT ... 16 23.17 –0.55 ... 11.19 2.56 Canaan CAN ... 1 3.28 +0.22 ... 47.69 22.15 CanadianSolar CSIQ ... 18 37.25 +0.41 ... 11.98 2.81 CandelTherap CADL ... dd 3.14 –0.19 ... 10.11 9.78 Canna-GlobalA CNGL ... dd 10.11 +0.01 ... 13.35 1.75 Canoo GOEV ... dd 1.88 –0.35 ... 15.96 2.13 CanopyGrowth CGC ... dd 2.73 –0.11 ...

13.25 3.45 Cantaloupe CTLP ... dd 3.48 –0.41 ... 32.92 15.14 CanterburyPark CPHC 1.3 8 22.27 +0.05 .07 28.16 20.94 CapitalBancorp CBNK .9 8 23.10 –0.39 .06 33.93 24.43 CapitalCityBank CCBG 2.2 16 31.11 –0.75 .17 19.65 12.13 CapitalProduct CPLP 4.5 3 13.39 –0.78 .15 28.41 16.70 CapitalSouthwest CSWC 11.7 14 16.94 –0.58 .52 10.50 9.80 CapitalworksEMA CMCA ... ... 10.11 +0.02 ... 12.79 8.28 CapitolFedFin CFFN 4.1 13 8.30 –0.58 .085 22.74 18.51 CapStarFin CSTR 2.2 9 18.53 –0.47 .10 18.93 7.40 CaraTherap CARA ... dd 9.36 +0.88 ... 36.97 12.51 CardiovascularSys CSII ... dd 13.86 +0.93 ... 97.21 8.68 Cardlytics CDLX ... dd 9.40 –0.15 ... 8.61 2.92 Carecloud MTBC ... dd 4.18 –0.24 ... 75.92 15.66 CareDx CDNA ... dd 17.02 +0.89 ... 10.27 3.45 CareMax CMAX ... dd 7.09 –0.16 ... 50.03 13.66 CarGurus CARG ... dd 14.17 –0.71 ... 24.00 4.89 CaribouBio CRBU ... dd 10.55 +0.61 ... 4.75 0.29 CarLotz LOTZ ... dd .30 –0.03 ... 60.62 25.79 Carlyle CG 5.0 5 25.84 –1.11 .325

14.96 11.43 CarlyleSecured CGBD11.9 6 11.44 –1.22 .06 17.46 5.16 CarParts.com PRTS ... dd 5.17 –0.24 ... 4.43 1.28 CarrolsRestr TAST ... dd 1.63 +0.04 ... 17.99 12.58 CarterBkshrs CARE ... 11 16.10 –0.25 ... 11.20 9.90 CartesianGrwIIA RENE ... ... 10.06 +0.06 ... 10.14 9.80 CarticaAcqnA CITE ... ... 10.09 ... ...

7.18 3.12 CasaSystems CASA ... dd 3.13 –0.08 ... 9.95 9.63 CascadiaAcqnA CCAI ... 29 9.83 ... ...

92.75 63.90 CasellaWaste CWST ... 84 76.39 –2.00 ... 223.90 170.82 CaseysGenStores CASY .8 20 202.52 –0.02 .38 46.26 31.85 CassInfoSys CASS 3.2 15 34.69 +0.78 .28 68.65 15.58 CastleBiosci CSTL ... dd 26.08 +1.43 ... 48.88 37.37 CathayGenBncp CATY 3.5 9 38.46 –2.02 .34 327.24 179.47 CavcoIndustries CVCO ... 8 205.76 –2.42 ... 10.80 4.09 CECO Env CECE ... 44 8.85 –0.24 ... 11.40 3.91 CellebriteDI CLBT ... 5 3.92 –0.38 ... 13.08 2.25 Cellectis CLLS ... dd 2.29 –0.15 ... 5.32 1.24 CelyadOncology CYAD ... dd 1.38 –0.26 ... 17.73 2.89 CentessaPharm CNTA ... dd 4.02 –0.32 ...

11.00 1.09 Centogene CNTG ... dd 1.12 –0.14 ... 57.32 35.62 CentralGarden CENT ... 13 36.04 –1.60 ... 52.04 33.69 CentralGardenA CENTA ... 12 34.16 –1.35 ... 30.36 5.27 CenturyAluminum CENX ... 9 5.28 –0.67 ... 25.52 7.32 CenturyTherap IPSC ... dd 9.89 +0.37 ... 3.54 1.53 Ceragon CRNT ... dd 1.83 –0.08 ... 114.85 15.73 Cerence CRNC ... dd 15.75 –0.60 ... 45.48 12.58 Certara CERT ... dd 13.28 +0.36 ... 8.06 3.39 Cerus CERS ... dd 3.60 +0.11 ...

10.12 9.81 ChainBridgeIA CBRG ... 27 10.09 +0.02 ... 28.08 16.64 ChampionX CHX 1.5 25 19.57 +0.58 .075 27.59 18.97 ChangeHlthcr CHNG ... dd 27.49 +0.17 ... 8.46 1.54 ChargeEnt CRGE ... dd 1.76 +0.07 ... 753.69 302.94 CharterComms CHTR ... 10 303.35 –18.31 ... 149.62 107.85 CheckPoint CHKP ... 19 112.02 +0.62 ... 50.04 26.05 Cheesecake CAKE 3.7 18 29.28 +0.85 .27 42.16 26.28 ChefsWarehouse CHEF ... 39 28.97 –1.30 ... 51.85 14.95 ChemoCentryx CCXI ... dd 51.66 +0.02 ... 49.50 40.74 ChemungFinl CHMG 3.0 7 41.87 –0.31 .31 10.12 9.98 ChengheAcqnA CHEA ... dd 10.07 –0.05 ... 105.93 56.75 ChesapeakeEner CHK 2.0 9 94.21 +1.28 1.77 20.29 13.87 ChicagoAtlRealEst REFI 13.0 11 14.41 –0.41 .47 24.53 4.35 ChickenSoupA CSSE ... dd 6.88 +0.14 ... 113.50 29.20 Children'sPlace PLCE ... 4 30.89 –3.12 ... 7.42 1.27 Chimerix CMRX ... dd 1.93 +0.11 ... 1.58 0.61 ChinaIndex CIH ... ... .90 –0.07 ... 10.69 3.75 Chindata CD ... 39 8.08 +0.18 ... 23.86 10.48 ChinookTherap KDNY ... dd 19.66 +0.67 ... 37.76 18.18 ChipMOSTechs IMOS18.8 4 18.53 –1.032.9194 181.34 93.35 ChordEnergy CHRD 3.7 3 136.77 +12.12 1.25 262.20 172.75 ChurchillDowns CHDN .4 15 184.15 +1.54 .667 34.87 18.64 Chuy's CHUY ... 18 23.18 +0.48 ... 97.91 23.24 Cimpress CMPR ... dd 24.48 –0.76 ... 143.22 88.66 CincinnatiFin CINF 3.1 28 89.57 –2.43 .69 43.15 13.00 CinCorPharma CINC ... ... 32.82 +4.88 ... 2.95 0.39 Cinedigm CIDM ... dd .39 –0.08 ... 461.44 343.86 Cintas CTAS 1.2 33 388.19 –1.70 1.15 10.99 1.20 CipherMining CIFR ... dd 1.26 –0.03 ... 95.84 67.03 CirrusLogic CRUS ... 12 68.80 –6.72 ... 64.29 39.96 CiscoSystems CSCO 3.8 14 40.00 –0.66 .38 97.46 15.48 CitiTrends CTRN ... 3 15.51 –2.20 ... 16.49 12.05 CtznCmntyBcp CZWI 2.1 6 12.17 –0.23 .26 21.75 15.02 CitizensHolding CIZN 6.3 10 15.30 +0.03 .24 108.84 78.07 CitrixSystems CTXS 1.4 40 103.90 +0.15 .37 90.96 73.40 CityHolding CHCO 2.9 15 88.69 +1.61 .65 31.20 11.93 Clarus CLAR .7 19 13.47 +1.10 .025

9.94 9.79 CleanEarthA CLIN ... ... 9.88 +0.01 ... 0.49 0.08 CleanEarthRt CLINR ... ... .22 +0.07 ... 9.69 4.02 CleanEnerFuels CLNE ... dd 5.34 +0.01 ... 130.01 43.11 Clearfield CLFD ... 37 104.64 +13.92 ... 6.22 1.00 ClearsideBiomed CLSD ... dd 1.13 ... ...

10.18 9.43 ClimateRockA CLRC ... ... 9.99 –0.01 ... 0.15 0.06 ClimateRockRt CLRCR ... ... .13 +0.01 ... 8.58 1.69 CloverHealth CLOV ... dd 1.70 –0.32 ... 4.76 0.58 ClovisOncology CLVS ... dd 1.19 +0.07 ... 54.41 31.00 CoastalFinl CCB ... 17 39.74 –1.82 ... 656.11 387.35 CocaColaCon COKE .2 14 411.73 –1.79 .25 59.86 41.80 Coca-ColaEuro CCEP 5.2 12 42.62 –1.95 .59

12.07 1.65 CodexDNA DNAY ... dd 1.66 –0.18 ... 42.01 6.04 Codexis CDXS ... dd 6.06 –0.09 ... 17.15 0.75 CodiakBioSci CDAK ... dd .78 –0.06 ... 24.48 18.70 CodorusValleyBncp CVLY 3.2 15 18.84 –0.82 .15 18.07 3.79 CogentBio COGT ... dd 14.92 +0.90 ... 80.50 49.02 CogentComm CCOI 6.7 56 52.16 +0.01 .905 92.17 40.55 Cognex CGNX .6 29 41.45 –1.09 .065 13.80 1.50 CognitionTherap CGTX ... dd 1.90 +0.23 ... 93.47 57.42 CognizantTech CTSH 1.9 13 57.44 –1.41 .27 24.24 3.91 CognyteSoftware CGNT ... dd 4.04 –0.84 ... 75.05 34.50 Coherent COHR ... 24 34.85 –2.45 ... 19.32 5.60 CoherusBioSci CHRS ... dd 9.61 +0.51 ... 39.86 24.06 Cohu COHU ... 13 25.78 –0.25 ... 368.90 40.83 CoinbaseGlbl COIN ... dd 64.49 +2.61 ... 22.89 14.04 CollegiumPharm COLL ... dd 16.02 –0.03 ... 158.42 89.50 ColliersIntl CIGI .3 61 91.66 –7.65 .15 23.00 6.18 Collplant CLGN ... dd 6.80 –0.25 ... 19.59 12.89 ColonyBankcorp CBAN 3.3 10 13.03 –0.39.1075 40.78 26.97 ColumbiaBanking COLB 4.2 10 28.89 –0.88 .30 22.86 18.02 ColumbiaFin CLBK ... 25 21.13 –0.35 ... 107.50 65.02 ColumbiaSportswr COLM 1.8 13 67.30 –0.16 .30 54.20 25.38 ColumbusMcKinn CMCO 1.1 17 26.16 –0.48 .07 57.96 29.28 Comcast A CMCSA 3.7 10 29.33 –2.51 .27 74.72 62.80 CommerceBcshrs CBSH 1.6 17 66.16 –2.31 .265 10.58 4.27 CommVehicle CVGI ... 9 4.50 –0.39 ... 13.75 5.56 CommScope COMM ... dd 9.21 –0.80 ... 46.30 39.10 CmntyTrBcp CTBI 4.3 9 40.55 –0.95 .44 16.55 12.75 CommWestBcshs CWBC 2.2 9 13.95 –0.34 .075 78.06 50.26 CommVaultSys CVLT ... cc 53.04 +1.50 ... 9.78 9.59 CompassDigitalAcqn CDAQ ... 68 9.77 +0.04 ... 10.69 4.72 CompoSecure CMPO ... 3 5.01 +0.17 ... 7.48 0.66 Compugen CGEN ... dd .66 –0.11 ... 37.62 26.11 ComputerPrograms CPSI ... 21 27.88 +0.13 ... 10.38 6.42 ComputerTask CTG ... 7 6.70 +0.16 ... 4.07 1.52 comScore SCOR ... dd 1.65 –0.20 ... 27.70 8.42 ComtechTel CMTL 4.0 dd 10.01 +0.07 .10 208.48 108.57 Concentrix CNXC .9 13 111.63 –2.79 .275 7.37 2.57 ConcertPharm CNCE ... dd 6.70 +0.59 ... 7.21 3.34 Conduent CNDT ... 8 3.34 –0.15 ... 94.97 16.48 Confluent CFLT ... dd 23.77 +1.87 ...

3.07 1.28 Conifer CNFR ... dd 1.61 ... ... 24.70 0.56 ConnectBiopharma CNTB ... dd 1.29 +0.11 ... 37.00 23.01 ConnectOneBncp CNOB 2.7 7 23.06 –1.03 .155 26.92 7.01 Conn's CONN ... 6 7.08 –0.95 ... 69.31 37.00 ConsensusCloud CCSI ... 10 47.30 –2.63 ... 10.50 9.69 Consilium I A CSLM ... dd 9.90 ... ... 0.30 0.07 Consilium I Rt CSLMR ... ... .09 –0.03 ... 9.70 4.15 ConsldComm CNSL ... dd 4.16 –0.79 ... 20.58 9.01 ConsldWater CWCO 2.2 43 15.38 –1.38 .085 90.18 38.00 ConstellationEner CEG .7 dd 83.19 –0.66 .141 44.99 18.89 ConstructionPtrs ROAD ... 84 26.23 +0.11 ... 15.47 5.69 ConsumerPtfo CPSS ... 3 7.27 –2.07 ... 6.31 0.72 ContextLogic WISH ... dd .73 –0.10 ... 161.12 102.21 Copart CPRT ... 24 106.40 +0.26 ... 14.98 1.26 CoreScientific CORZ ... dd 1.30 –0.13 ... 8.03 2.65 CorMedix CRMD ... dd 2.83 –0.05 ... 27.11 11.23 CorsairGaming CRSR ... dd 11.35 –0.58 ... 213.38 129.19 Corvel CRVL ... 38 138.43 –3.15 ... 5.50 0.70 CorvusPharm CRVS ... dd .82 +0.08 ... 101.05 49.00 CoStar CSGP ... 83 69.65 +0.08 ... 612.27 406.51 Costco COST .8 36 472.27 +5.87 .90 47.38 11.68 Couchbase BASE ... dd 14.27 +0.57 ... 10.08 9.91 CounterPressA CPAQ ... dd 10.08 +0.03 ... 259.90 50.54 CoupaSoftware COUP ... dd 58.80 –3.34 ... 34.80 17.23 CovenantLogist CVLG 1.0 6 28.70 +0.75 .08 21.20 13.39 Covetrus CVET ... dd 20.88 +0.01 ... 39.93 21.36 Cowen COWN 1.2 8 38.64 +0.19 .12 149.36 81.87 CrackerBarrel CBRL 5.6 16 92.58 –5.64 1.30 9.39 6.15 CreativeMedia CMCT 5.3 dd 6.39 –0.26 .085 703.27 423.39 CreditAcceptance CACC ... 8 438.00 –24.28 ... 18.00 8.61 CredoTech CRDO ... dd 11.00 –0.65 ... 21.48 14.89 CrescentCapBDC CCAP10.9 10 15.02 –1.52 .41 10.06 9.79 CresceraCapA CREC ... 23 10.02 –0.01 ... 9.80 4.18 Cresud CRESY ... 2 5.47 +0.01 ... 30.50 5.88 Cricut CRCT ... 26 9.26 +0.85 ... 28.95 15.91 CrineticsPharm CRNX ... dd 19.64 +1.48 ... 43.49 20.56 Criteo CRTO ... 21 27.03 +0.24 ... 10.40 9.71 CrixusBH3 A BHAC ... 16 9.93 +0.03 ... 183.88 46.08 Crocs CROX ... 8 68.66 +1.95 ... 6.79 2.57 Cronos CRON ... dd 2.82 –0.04 ... 30.51 15.26 CrossCtyHlthcr CCRN ... 5 28.37 +1.20 ... 16.50 12.27 CrossFirstBkshs CFB ... 9 13.05 –0.45 ...

52-Week Tick Div

High Low Name Sym Yld P/E Last Chg. Amt.

52-Week Tick Div

High Low Name Sym Yld P/E Last Chg. Amt.

52-Week Tick Div

High Low Name Sym Yld P/E Last Chg. Amt.

52-Week Tick Div

High Low Name Sym Yld P/E Last Chg. Amt.

52-Week Tick Div

High Low Name Sym Yld P/E Last Chg. Amt.

Five-Day Nasdaq Composite

Monday Tuesday Wednesday Thursday Friday

11,135

11,050

10,965

10,880

10,795

10,710

10,625

10,540

10 12 2 4 10 12 2 4 10 12 2 4 10 12 2 4 10 12 2 4

-65.00 +26.58 +222.13 -314.13 -161.89

(Previous Friday Close)

September Song: Biogen’s successful drug study brightened prospects for Alzheimer’s patients. The Nasdaq Composite Index finished

Friday at 10,576—down 2.7% for the week and 10% for the month.

Nasdaq Issues includes stocks traded on the Nasdaq

Global Select and Nasdaq Global Market tiers. They are

eligible for inclusion on the basis of SEC-approved

market value of publicly-held shares, trading volume,

price and number of market-makers.

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:38

38 BARRON’S October 3, 2022

DATA NASDAQ ISSUES BARRONS.COM/DATA

298.48 130.00 CrowdStrike CRWD ... dd 164.81 +4.42 ... 11.15 9.49 Crypto1Acqn DAOOU ... ... 10.06 –0.02 ... 10.40 9.75 Crypto1AcqnA DAOO ... dd 10.04 ... ... 16.20 2.75 CueHealth HLTH ... dd 3.01 –0.03 ... 25.05 7.30 CullinanOncology CGEM ... 5 12.82 +1.00 ... 7.51 1.89 CumberlandPharm CPIX ... dd 2.41 –0.17 ... 15.67 6.46 CumulusMedia CMLS ... 3 7.03 –0.33 ... 52.11 6.99 CureVac CVAC ... dd 7.88 +0.40 ... 8.20 0.68 Curis CRIS ... dd .70 –0.04 ... 74.38 31.62 Cutera CUTR ... dd 45.60 +4.05 ... 10.96 3.30 Cvent CVT ... dd 5.25 –0.31 ... 19.49 4.60 CVRx CVRX ... dd 9.33 +1.13 ... 201.68 100.35 CyberArkSoftware CYBR ... dd 149.94 +3.82 ... 53.84 30.98 CyberOptics CYBE ... 25 53.78 +0.20 ... 3.11 0.46 CyclerionTherap CYCN ... dd .86 +0.02 ... 4.74 1.67 CymaBayTherap CBAY ... dd 3.50 +0.10 ... 19.50 1.56 CyteirTherap CYT ... dd 1.92 –0.07 ... 26.50 7.38 CytekBiosci CTKB ... dd 14.72 +2.14 ... 55.80 29.26 Cytokinetics CYTK ... dd 48.45 –2.34 ... 7.53 1.19 CytomXTherap CTMX ... dd 1.45 +0.02 ... 15.42 3.93 CyxteraTech CYXT ... dd 4.08 –0.32 ...

D

5.60 1.15 DBV Tech DBVT ... dd 1.77 –0.10 ... 38.18 12.64 DiceTherap DICE ... dd 20.28 +1.72 ...

3.34 0.30 DIRTT Envl DRTT ... dd .44 +0.13 ... 46.31 13.81 DISH Network DISH ... 4 13.83 –1.37 ...

47.46 13.95 DMC Global BOOM ... dd 15.98 –0.30 ... 6.89 0.59 D-MarketElec HEPS ... dd .96 +0.02 ... 10.15 9.73 DPCapAcqnIA DPCS ... dd 10.09 +0.02 ... 10.45 9.78 DuetAcqnA DUET ... ... 9.90 –0.01 ... 36.26 22.09 DXP Ents DXPE ... 13 23.68 –0.51 ... 24.83 4.43 DadaNexus DADA ... dd 4.73 –0.01 ... 6.00 2.65 Daktronics DAKT ... dd 2.71 –0.10 ... 8.49 4.51 DallasNews DALN13.8 dd 4.64 +0.02 .16 199.68 81.12 Datadog DDOG ... cc 88.78 +1.50 ... 52.54 29.60 Dave&Buster's PLAY ... 12 31.03 –1.21 ...

15.35 0.32 Dave DAVE ... dd .36 –0.06 ... 4.69 0.67 DAVIDsTEA DTEA ... dd .73 –0.05 ... 2.69 1.08 DawsonGeophys DWSN ... dd 1.59 –0.31 ... 28.35 5.44 DayOneBiopharm DAWN ... dd 20.03 +1.74 ... 8.66 1.83 DecibelTherap DBTX ... dd 3.46 –0.36 ... 37.99 6.51 DecipheraPharm DCPH ... dd 18.50 +0.40 ... 11.00 9.70 DeepMedicineAcqn DMAQ ... dd 10.07 ... ... 0.37 0.02 DeepMedicineAcqnRt DMAQR ... ... .04 –0.08 ... 45.69 14.76 DefinitiveHlthcr DH ... dd 15.54 –1.23 ...

10.13 9.92 DenaliCapAcqnA DECA ... ... 10.07 –0.02 ... 56.08 20.24 DenaliTherap DNLI ... dd 30.69 +3.50 ... 59.78 28.28 DentsplySirona XRAY 1.8 17 28.35 –1.63 .125 91.39 56.19 Descartes DSGX ... 60 63.53 +1.31 ... 26.30 9.61 DesignTherap DSGN ... dd 16.72 +2.63 ... 8.99 3.27 DestinationXL DXLG ... 4 5.42 +0.12 ... 5.20 3.00 Deswell DSWL 6.4 6 3.10 +0.07 .10 164.86 66.89 DexCom DXCM ... cc 80.54 –0.12 ... 234.84 162.67 DiamondHillInvt DHIL 3.6 9 165.00 –2.46 1.50 162.24 94.81 DiamondbkEner FANG 6.0 6 120.46 +5.26 2.30 37.44 18.54 DigiIntl DGII ... 97 34.57 +2.65 ... 53.74 12.90 Digimarc DMRC ... dd 13.55 –0.25 ... 11.00 9.81 DigitalHealth DHAC ... dd 10.13 ... ... 175.00 9.84 DigitalWorldA DWAC ... dd 16.81 +0.31 ... 38.35 28.36 DimeCommBcshs DCOM 3.3 8 29.28 –1.62 .24 113.98 58.52 Diodes DIOD ... 10 64.91 +1.67 ... 57.80 27.02 DistributionSoln DSGR ... 27 28.17 –1.56 ... 18.00 4.76 Diversey DSEY ... dd 4.86 –0.10 ... 3.98 0.96 DiversifiedHlthcr DHC 4.0 1 .99 –0.16 .01 6.98 1.05 DixieGroup DXYN ... dd 1.08 –0.11 ... 62.10 15.19 dLocal DLO ... 70 20.52 –2.10 ... 83.21 25.09 Docebo DCBO ... dd 27.01 +0.81 ... 288.50 51.12 DocuSign DOCU ... dd 53.47 +1.08 ... 8.98 1.08 Dogness DOGZ ... 20 1.17 +0.08 ... 177.19 93.70 DollarTree DLTR ... 20 136.10 –5.19 ... 95.50 16.41 Domo DOMO ... dd 17.99 +1.19 ... 17.13 13.09 DonegalGroup A DGICA 4.9 cc 13.49 –0.36 .165 17.80 12.00 DonegalGroup B DGICB 4.2 cc 14.10 –0.17.1475 32.61 17.10 DorchesterMnls DMLP 7.7 9 24.98 +1.48.7539 122.96 81.81 DormanProducts DORM ... 19 82.12 –0.90 ... 17.88 8.11 DoubleDown DDI ... 21 9.23 +0.25 ... 4.00 1.00 DouYuIntl DOYU ... dd 1.00 –0.17 ... 51.30 9.77 DraftKings DKNG ... dd 15.14 +0.16 ... 23.09 9.60 DreamFinders DFH ... 6 10.60 +0.39 ... 35.45 24.62 DrivenBrands DRVN ... dd 27.98 –1.86 ... 31.47 19.07 Dropbox DBX ... 23 20.72 +0.61 ... 46.75 11.30 DuckCreekTech DCT ... dd 11.85 +0.22 ... 17.25 6.80 DuluthHoldings DLTH ... 11 7.04 –0.16 ... 191.82 60.50 Duolingo DUOL ... dd 95.23 +6.02 ... 16.48 4.30 DyneTherap DYN ... dd 12.70 +0.29 ...

E

8.99 5.00 EDAP TMS EDAP ... cc 8.25 +0.54 ... 10.75 9.85 EsgenAcqnA ESAC ... 21 10.13 –0.01 ... 21.61 14.79 ESSA Bancorp ESSA 3.1 10 19.39 –1.11 .15 33.86 20.07 EVO Payments EVOP ... cc 33.30 –0.03 ... 24.74 18.36 EagleBncpMT EBMT 2.9 12 19.00 +0.24.1375 78.75 36.21 EagleBulkShip EGLE20.4 2 43.18 +0.11 2.20 58.25 26.21 EaglePharm EGRX ... 15 26.42 –0.57 ... 10.63 0.67 Eargo EAR ... dd 1.05 –0.18 ... 93.51 61.65 EastWestBncp EWBC 2.4 10 67.14 –0.48 .40 22.35 17.98 EasternBankshares EBC 2.0 19 19.64 –0.74 .10 28.32 17.25 Eastern EML 2.5 7 17.35 –0.15 .11 2.43 0.37 EbangIntl EBON ... 19 .41 +0.02 ... 81.19 36.76 eBay EBAY 2.4 dd 36.81 –1.38 .22 44.42 12.50 Ebix EBIX 1.6 8 18.97 –0.69 .075 30.90 15.26 EchoStar SATS ... 23 16.47 +0.99 ... 22.98 5.41 EdgewiseTherap EWTX ... dd 9.84 +0.71 ... 5.55 1.95 Edgio EGIO ... dd 2.78 +0.09 ... 42.11 9.59 EditasMedicine EDIT ... dd 12.24 –0.48 ... 10.32 2.39 EducDev EDUC16.6 4 2.41 –0.11 .10 27.57 4.05 EHang EH ... dd 4.21 –0.69 ... 47.21 3.79 eHealth EHTH ... dd 3.91 –0.82 ... 10.02 3.53 EigerBioPharma EIGR ... dd 7.53 +0.28 ... 10.40 9.65 8iAcqn2 LAX ... dd 10.02 ... ...

0.60 0.12 8iAcqn2Rt LAXXR ... ... .48 –0.03 ... 20.69 2.00 89bio ETNB ... dd 5.79 +0.84 ... 17.13 8.15 ElPolloLoco LOCO ... 13 8.92 +0.27 ... 244.80 142.20 ElbitSystems ESLT 1.1 36 190.17 –10.80 .50 146.72 109.24 ElectronicArts EA .7 37 115.71 +0.07 .19 8.99 0.98 ElevationOnc ELEV ... dd 1.13 +0.05 ... 20.91 2.52 EliemTherap ELYM ... dd 3.23 +0.09 ... 209.80 7.01 EmbarkTech EMBK ... dd 7.43 –0.45 ... 63.00 23.62 Embecta EMBC 2.1 5 28.79 –0.48 .15 ... ... EmbraceChange EMCG ... ... 9.98 ... ... ... ... EmbraceChangeRt EMCGR ... ... .08 ... ... 8.73 1.67 Emcore EMKR ... dd 1.67 –0.12 ... 10.04 9.75 EM Horizon A HORI ... ... 10.00 ... ...

27.68 18.76 Enact ACT 2.5 5 22.17 –0.36 .14 102.00 37.59 EnantaPharma ENTA ... dd 51.87 +0.93 ... 72.73 45.12 EncoreCapital ECPG ... 3 45.48 –3.29 ... 151.64 92.15 EncoreWire WIRE .1 3 115.54 +2.11 .02 10.15 9.87 EnergemA ENCP ... ... 10.15 –0.01 ... 26.20 16.92 EnergyRecovery ERII ... cc 21.74 –1.93 ...

39.48 7.26 Enovix ENVX ... dd 18.34 –0.18 ... 324.84 113.40 EnphaseEnergy ENPH ... cc 277.47 –2.02 ... 94.25 68.29 EnsignGroup ENSG .3 22 79.50 –0.14 .055 286.89 169.10 EnstarGroup ESGR ... dd 169.59 –18.83 ... 158.00 82.50 Entegris ENTG .5 25 83.02 –4.21 .10 46.48 29.38 EnterpriseBncp EBTC 2.7 9 29.91 –0.29 .205 51.50 39.64 EnterpriseFinSvcs EFSC 2.1 11 44.04 –1.48 .23 10.95 9.80 Ent4.0TechAcqnA ENTF ... ... 10.09 +0.01 ... 4.74 0.78 EnthusiastGaming EGLX ... dd .87 –0.10 ... 36.85 5.12 EntradaTherap TRDA ... dd 15.76 +0.67 ... 69.74 40.37 ePlus PLUS ... 11 41.54 +0.37 ...

7.99 5.01 EpsilonEnergy EPSN 4.0 6 6.32 +0.10.0625 9.99 2.63 EQRx EQRX ... dd 4.95 +0.43 ... 7.12 1.66 Equillium EQ ... dd 2.22 +0.21 ... 853.42 558.63 Equinix EQIX 2.2 81 568.84 –24.29 3.10 36.00 28.06 EquityBcshs EQBK 1.1 9 29.63 –0.34 .10 22.94 4.51 Erasca ERAS ... dd 7.80 +0.22 ... 234.96 158.46 ErieIndemnity A ERIE 2.0 40 222.31 +3.84 1.11 6.44 0.50 ErytechPharma ERYP ... dd .55 –0.05 ... 20.60 9.86 Escalade ESCA 6.0 6 9.95 –0.11 .15 12.15 3.28 EsperionTherap ESPR ... dd 6.70 ... ...

6.72 1.95 EtonPharm ETON ... dd 2.10 +0.03 ... 307.75 67.01 Etsy ETSY ... 35 100.13 +3.66 ... 149.92 75.64 EuronetWorldwide EEFT ... 30 75.76 –4.24 ... 34.67 16.30 EuropeanWax EWCZ .0 cc 18.45 +1.60 3.30 12.74 1.42 EveloBiosci EVLO ... dd 2.09 +0.23 ... 3.58 0.83 Ever-Glory EVK ... 80 .86 –0.09 ... 164.00 24.10 Everbridge EVBG ... dd 30.88 +1.86 ... 21.69 7.73 EverCommerce EVCM ... dd 10.93 +0.30 ... 10.09 9.93 EvergreenA EVGR ... cc 10.08 +0.01 ... 19.15 6.45 EverQuote EVER ... dd 6.82 +0.09 ... 14.36 4.71 EverspinTech MRAM ... 14 5.79 –0.35 ... 19.59 5.28 EVgo EVGO ... dd 7.91 –0.23 ... 2.93 0.68 Evogene EVGN ... dd .83 +0.05 ... 14.34 5.06 Evolus EOLS ... dd 8.05 –0.27 ... 26.57 8.37 Evotec EVO ... cc 8.79 +0.21 ... 14.85 2.65 Exagen XGN ... dd 2.71 –0.72 ... 10.50 9.67 ExcelFinAcqnA XFIN ... dd 10.02 +0.02 ... 23.40 15.50 Exelixis EXEL ... 19 15.68 –0.60 ... 50.71 33.87 Exelon EXC 3.6 14 37.46 –4.21.3375 179.81 112.14 ExlService EXLS ... 39 147.36 –20.58 ... 55.43 10.46 eXpWorld EXPI 1.6 31 11.21 +0.36 .045 217.72 88.70 Expedia EXPE ... 47 93.69 +2.43 ... 137.80 86.08 ExpeditorsIntl EXPD 1.5 10 88.31 +0.65 .67 51.06 13.58 Expensify EXFY ... dd 14.88 +0.61 ... 127.61 80.97 Exponent EXPO 1.1 46 87.67 –0.99 .24 30.38 6.56 Exscientia EXAI ... dd 8.21 +0.85 ... 16.61 8.49 ExtremeNetworks EXTR ... 39 13.07 +0.73 ... 21.50 6.91 EyePointPharm EYPT ... dd 7.91 +0.71 ...

9.62 5.51 Ezcorp EZPW ... 14 7.71 –0.35 ...

F

83.39 26.60 FARO Tech FARO ... dd 27.44 –0.99 ... 249.00 141.91 F5 FFIV ... 26 144.73 +0.62 ... 7.24 1.31 FGFinancial FGF ... dd 1.62 –0.01 ... 10.50 9.89 FG Merger FGMC ... ... 10.02 +0.01 ... 5.10 0.60 FLJ FLJ ... dd 1.85 –0.89 ... 65.00 53.08 FRP Holdings FRPH ... cc 54.36 +0.64 ... 9.87 9.55 FTACEmeraldA EMLD ... dd 9.81 –0.02 ... 10.36 9.72 FTACZeusAcqnA ZING ... dd 10.05 +0.16 ... 4.25 2.22 FTAI Infra FIP ... ... 2.40 –0.05 ... 11.20 2.12 FTC Solar FTCI ... dd 2.96 –0.21 ... 22.95 0.80 FangddNetwork DUO ... dd .91 –0.13 ... 14.77 4.31 Fanhua FANH11.6 46 5.02 –0.15.1453 9.71 0.63 FaradayFuture FFIE ... dd .64 –0.13 ... 9.14 4.33 FarmerBros FARM ... dd 4.69 –0.29 ... 10.01 0.36 FastRadius FSRD ... dd .40 –0.01 ... 64.75 45.68 Fastenal FAST 2.7 26 46.04 –1.68 .31 9.99 9.70 FatProjectsAcqn FATP ... dd 9.95 –0.01 ... 66.56 17.10 FateTherap FATE ... dd 22.41 +0.44 ... 2.89 0.10 FedNat FNHC ... dd .12 –0.15 ... 9.98 9.91 FeutuneLightA FLFV ... ... 9.98 +0.03 ... 0.10 0.06 FeutuneLightRt FLFVR ... ... .06 –0.01 ... 16.91 7.81 FibroGen FGEN ... dd 13.01 +0.83 ... 59.65 34.20 FidelityD&D FDBC 3.3 8 40.35 +0.16 .33 12.19 5.89 FiestaRestaurant FRGI ... dd 6.34 +0.18 ... 50.64 31.18 FifthThirdBncp FITB 4.1 10 31.96 –0.84 .33 34.43 23.69 FinInstitutions FISI 4.8 6 24.07 –0.42 .29 10.03 9.75 FinStrategiesA FXCO ... 14 10.03 ... ... 0.28 0.05 FinStrategiesRt FXCOR ... ... .05 –0.02 ... 17.39 1.58 FinchTherap FNCH ... dd 1.67 –0.08 ... 10.67 9.75 FinnovateAcqnA FNVT ... dd 10.09 +0.02 ... 10.55 9.82 FintechEcoA FEXD ... cc 10.06 ... ...

0.28 0.07 FintechEcoRt FEXDR ... ... .13 –0.02 ... 21.86 8.60 FinWiseBancorp FINW ... ... 9.03 +0.23 ... 24.60 11.68 FirstAdvantage FA ... 33 12.83 –0.55 ... 50.92 32.90 FirstBancorpNC FBNC 2.4 11 36.58 –1.64 .22 36.80 27.52 FirstBancorp FNLC 4.9 8 27.55 –0.57 .34 42.89 26.95 FirstBancshares FBMS 2.5 10 29.87 –0.59 .19 16.76 13.02 FirstBank FRBA 1.8 8 13.67 –0.48 .06 29.73 21.66 FirstBusey BUSE 4.2 11 21.98 –1.14 .23 36.58 28.00 FirstBusFinSvcs FBIZ 2.4 7 32.31 –1.01.1975 947.71 598.01 FirstCitizBcshA FCNCA .2 14 797.43 –11.65 .47 36.73 26.51 FstCmntyBcsh FCBC 3.6 12 32.03 –0.43 .29 4.89 2.74 FirstEagleAltCap FCRD15.4 dd 2.86 –0.17 .11 26.83 18.75 FirstFinBncpOH FFBC 4.4 10 21.08 –0.74 .23 55.00 37.47 FirstFinBkshs FFIN 1.6 26 41.83 –0.69 .17 49.00 41.50 FirstFinIN THFF 2.4 9 45.19 –0.92 .54 17.95 14.62 FirstFinNW FFNW 3.2 11 14.84 –0.04 .12 29.41 17.98 FirstFoundation FFWM 2.4 7 18.14 –0.93 .11 29.65 18.14 FirstGuarBcshs FGBI 2.9 8 21.88 +0.49 .16 31.16 21.21 FirstHawaiian FHB 4.2 13 24.63 –0.64 .26 53.56 30.57 FirstInternetBncp INBK .7 7 33.86 –1.29 .06 45.33 32.40 FirstInterBanc FIBK 4.1 22 40.35 –1.14 .41

46.12 34.07 FirstMerchants FRME 3.3 11 38.68 –1.22 .32 45.84 31.95 FirstMidBcshs FMBH 2.9 9 31.97 –1.60 .23 23.77 14.50 FirstNWBncp FNWB 1.7 10 16.10 –0.34 .07 140.64 59.60 FirstSolar FSLR ... 75 132.27 +2.42 ... 52.70 42.29 1stSource SRCE 2.8 10 46.30 –1.53 .32

24.50 16.18 FirstUnited FUNC 3.6 5 16.55 –0.05 .15 25.46 11.57 FirstWatchRest FWRG ... cc 14.48 –0.03 ... 34.20 24.64 FirstWesternFin MYFW ... 12 24.65 –1.22 ... 97.04 58.30 FirstCash FCFS 1.8 19 73.35 –4.47 .33 4.95 1.24 FirsthandTechVal SVVC ... dd 1.34 +0.01 ... 202.78 112.44 FirstService FSV .7 42 119.01 +4.37.2025 111.84 87.03 Fiserv FISV ... 30 93.57 –4.38 ... 221.00 109.49 FiveBelow FIVE ... 32 137.67 +4.68 ... 49.50 9.43 5EAdvMatls FEAM ... ... 10.16 –4.76 ... 170.73 74.48 Five9 FIVN ... dd 74.98 –0.85 ... 33.98 23.57 FiveStarBncp FSBC 2.1 12 28.36 –0.26 .15 19.63 13.63 Flex FLEX ... 9 16.66 –0.23 ... 31.65 14.88 Flexsteel FLXS 3.8 62 15.70 +0.13 .15 39.40 4.96 FluenceEnergy FLNC ... dd 14.59 –0.06 ... 2.73 1.05 Fluent FLNT ... dd 1.35 +0.05 ... 25.95 19.33 FlushingFin FFIC 4.5 7 19.37 –1.03 .22 57.41 14.56 Flywire FLYW ... dd 22.96 –0.08 ... 69.13 30.86 FocusFinPtrs FOCS ... 29 31.51 –0.74 ... 10.44 9.68 FocusImpact FIAC ... 25 10.02 +0.03 ... 16.50 5.90 FocusUniversal FCUV ... dd 9.38 –0.29 ... 24.34 7.35 FoghornTherap FHTX ... dd 8.58 +1.06 ... 10.13 9.86 ForbionEuroA FRBN ... dd 10.10 –0.01 ... 24.99 4.95 FormaTherap FMTX ... dd 19.95 +0.03 ... 47.48 24.86 FormFactor FORM ... 19 25.05 –1.14 ... 142.00 73.98 FormulaSys FORTY 1.4 16 82.34 –2.16.7908 60.90 34.08 ForresterRes FORR ... 23 36.01 +0.76 ... 74.35 47.37 Fortinet FTNT ... 60 49.13 +0.54 ... 25.77 14.29 FortressTransport FTAI 8.8 dd 15.00 +0.08 .33 10.64 9.88 FortuneRiseA FRLA ... dd 10.16 ... ...

125.71 81.15 ForwardAir FWRD 1.1 15 90.26 +0.73 .24 20.00 3.28 Fossil FOSL ... 19 3.42 –0.45 ... 17.48 9.50 FosterLB FSTR ... 43 9.76 –0.20 ... 34.00 5.32 4D Molecular FDMT ... dd 8.04 –0.02 ... 44.95 30.31 FoxA FOXA 1.6 15 30.68 –1.03 .25 40.91 28.13 FoxB FOX 1.8 13 28.50 –0.97 .25 190.29 69.28 FoxFactory FOXF ... 18 79.08 –0.51 ... 55.10 22.93 Franchise FRG 10.3 3 24.30 –3.49 .625 96.95 68.27 FranklinElec FELE 1.0 22 81.71 –0.07 .195 3.54 0.65 FreelineTherap FRLN ... dd .70 –0.07 ... 6.90 3.06 FreightCarAmer RAIL ... dd 3.73 –0.10 ... 10.47 5.30 FrequencyElec FEIM ... dd 5.75 +0.03 ... 7.88 1.00 FrequencyTherap FREQ ... dd 1.79 –0.10 ... 159.67 36.02 Freshpet FRPT ... dd 50.09 +4.72 ...

53.36 10.51 FreshworksA FRSH ... dd 12.97 –0.30 ... 44.60 20.10 Frontdoor FTDR ... 15 20.39 –0.13 ... 35.15 21.06 FrontierComms FYBR ... 12 23.43 +0.86 ... 17.50 8.19 Frontier ULCC ... dd 9.70 –0.61 ... 11.63 2.87 FuelCell FCEL ... dd 3.41 –0.17 ...

28.88 3.21 FulcrumTherap FULC ... dd 8.09 +0.14 ... 109.55 37.34 FulgentGenetics FLGT ... 3 38.12 +0.08 ... 19.17 13.72 FultonFin FULT 3.8 10 15.80 –0.38 .15 27.79 15.28 Funko FNKO ... 19 20.22 –0.46 ... 13.98 4.48 FusionFuelGreen HTOO ... ... 4.99 –0.36 ... 8.73 1.99 FusionPharm FUSN ... dd 3.01 –0.03 ... 93.50 21.23 Futu FUTU ... 19 37.29 –0.77 ... 10.50 9.95 FutureTechIIA FTII ... ... 10.06 +0.03 ...

G

12.38 6.26 GCM Grosvenor GCMG 5.1 16 7.89 +0.22 .10 65.84 16.56 GDS Holdings GDS ... dd 17.66 –2.92 ... 30.43 8.72 GH Research GHRS ... dd 11.62 +0.42 ... 17.49 3.84 G1Therapeutics GTHX ... dd 12.49 +0.06 ... 116.00 41.20 GRAVITY GRVY ... 6 46.82 +1.50 ... 6.21 2.57 GSI Tech GSIT ... dd 2.85 +0.25 ... 10.00 9.78 GSRIIMeteoraA GSRM ... ... 9.94 +0.02 ... 2.95 0.35 GSRIIMeteoraRt GSRMR ... ... 1.30 –0.60 ... 11.06 2.43 Gaia GAIA ... 17 2.43 –0.26 ... 9.70 2.33 GainTherap GANX ... dd 3.26 –0.07 ... 72.11 41.65 Galapagos GLPG ... dd 42.64 –0.91 ... 3.67 1.17 Galecto GLTO ... dd 1.89 –0.11 ... 8.50 1.12 GaleraTherap GRTX ... dd 1.74 +0.20 ... 16.97 6.71 Gambling.com GAMB ... 27 7.60 –0.12 ... 12.73 9.80 Games&EsportsA GEEX ... 16 10.15 +0.02 ... 4.72 1.47 GamidaCell GMDA ... dd 1.59 –0.34 ... 52.87 41.81 Gaming&Leisure GLPI 6.4 20 44.24 –1.45 .705 10.00 9.77 GardinerHlthcr GDNR ... cc 9.99 ... ... 8.59 5.61 GarrettMotion GTX ... 3 5.65 –0.30 ... 4.16 1.16 GeminiTherap GMTX ... dd 1.64 +0.33 ... 25.38 3.96 GenerationBio GBIO ... dd 5.31 +0.53 ... 10.50 9.86 GenesisGrowthA GGAA ... ... 10.12 +0.01 ... 10.81 9.97 GenesisUnicorn GENQU ... ... 10.01 +0.01 ... 10.00 9.88 GenesisUnicornA GENQ ... dd 9.97 ... ... 14.60 0.73 Genetron GTH ... dd .78 –0.13 ... 6.38 3.01 Genfit GNFT ... 4 3.65 –0.18 ... 47.28 26.19 Genmab GMAB ... 36 32.13 +0.30 ... 37.90 23.70 Gentex GNTX 2.0 18 23.84 –0.73 .12 99.00 49.45 Gentherm THRM ... 31 49.73 –4.41 ... 10.27 4.10 GeospaceTech GEOS ... dd 4.41 –0.04 ... 43.79 32.76 GermanAmerBncp GABC 2.6 13 35.71 –1.39 .23 3.06 0.99 Geron GERN ... dd 2.34 +0.04 ... 10.50 9.70 GesherIAcqnA GIAC ... dd 10.00 +0.03 ... 4.32 1.14 GetnetAdquirencia GET 7.1 ... 1.73 –0.02.1238 79.40 36.58 GibraltarInds ROCK ... 16 40.93 +2.75 ... 62.00 10.10 GigaCloudTech GCT ... ... 10.11 –2.71 ...

33.40 14.37 GIIIApparel GIII ... 3 14.95 –0.73 ... 9.11 5.15 GilatSatellite GILT ... cc 5.33 +0.02 ... 74.12 57.17 GileadSciences GILD 4.7 19 61.69 –1.17 .73

137.00 30.74 GitLab GTLB ... dd 51.22 +3.32 ... 12.78 8.21 GladstoneCap GLAD 9.5 6 8.49 –0.35.0675 26.13 15.09 GladstoneComm GOOD 9.7 cc 15.50 –1.19.1254 17.15 11.77 GladstoneInvt GAIN 7.4 6 12.10 –0.73 .075 42.10 17.31 GladstoneLand LAND 3.0 dd 18.10 –1.23.0456 9.88 9.75 GlblBlockchain GBBK ... ... 9.87 +0.02 ... 0.11 0.06 GlbBlockchainRt GBBKR ... ... .07 ... ... 73.02 21.65 GlbBloodTherap GBT ... dd 68.10 +0.11 ...

74.73 15.63 Global-EOnline GLBE ... dd 26.76 –0.32 ... 10.00 9.96 GlobalStarAcqn GLSTU ... ... 10.00 +0.03 ... 10.30 9.69 GlblTechAcqnI GTAC ... 20 10.09 –0.01 ... 19.98 11.73 GlobalWaterRscs GWRS 2.5 56 11.73 –0.65.0246 79.49 36.81 GlobalFoundries GFS ... 54 48.35 –4.90 ... 10.00 9.77 GlobalinkInvt GLLI ... dd 9.96 ... ...

2.26 0.51 GlycoMimetics GLYC ... dd .55 –0.01 ... 23.69 11.57 Gogo GOGO ... 6 12.12 +0.19 ... 17.59 3.73 Gogoro GGR ... dd 3.77 –0.68 ... 6.21 0.33 GoHealth GOCO ... dd .36 ... ... 30.66 10.79 GolarLNG GLNG ... 6 24.92 +1.44 ... 59.96 32.53 GoldenEnt GDEN ... 11 34.89 +1.60 ... 16.46 7.24 GoldenOcean GOGL38.2 2 7.47 –0.81 .60 16.23 11.94 GolubCapital GBDC 9.7 10 12.39 –0.26 .30 47.54 4.66 GoodRx GDRX ... dd 4.67 –0.48 ... 24.89 10.07 Goodyear GT ... 3 10.09 –1.16 ...

181.30 35.18 GooseheadIns GSHD ... cc 35.64 –1.14 ... 12.14 4.90 GoPro GPRO ... 2 4.93 –0.10 ... 9.90 9.60 GoresIX A GHIX ... ... 9.68 +0.01 ... 15.20 5.64 GossamerBio GOSS ... dd 11.98 –0.16 ... 17.15 2.26 Grab GRAB ... 10 2.63 –0.12 ... 15.00 1.68 GracellBiotech GRCL ... dd 3.22 +0.71 ...

102.04 70.00 GrandCanyonEduc LOPE ... 14 82.25 +2.51 ... 17.10 2.07 GraphiteBio GRPH ... dd 3.17 +0.10 ... 3.77 0.72 GraybugVision GRAY ... dd .94 –0.05 ... 21.30 7.98 GreatElmCap GECC19.4 dd 9.30 +0.36 .45 2.63 1.40 GreatElm GEG ... dd 2.00 –0.05 ... 16.27 7.57 GreatLakesDredge GLDD ... 11 7.58 –0.64 ... 63.95 50.30 GreatSouthernBncp GSBC 2.8 11 57.07 –2.46 .40 44.27 26.09 GreenPlains GPRE ... dd 29.07 +1.42 ... 16.02 11.05 GreenPlainsPtrs GPP 14.8 7 12.20 –0.08 .45 10.14 9.78 GreenVisorI A GVCI ... 19 10.13 –0.01 ... 30.79 1.87 GreenidgeGen GREE ... dd 2.00 +0.06 ... 50.60 1.63 Greenlane GNLN ... dd 1.63 –0.14 ... 15.80 1.55 GreenLightBio GRNA ... dd 2.32 +0.40 ... 8.35 6.51 GreenlightCapRe GLRE ... 15 7.44 –0.09 ... 15.36 5.82 Grifols GRFS ... ... 6.16 –0.87 ... 28.98 12.83 GrindrodShipping GRIN14.0 6 23.93 +1.28 .84 14.42 1.71 Gritstone GRTS ... dd 2.57 –0.07 ... 46.37 21.07 GroceryOutlet GO ... 60 33.29 –2.12 ...

31.15 7.93 Groupon GRPN ... dd 7.96 –1.30 ... 10.30 9.60 GrowthforGoodA GFGD ... dd 9.87 ... ... 0.25 0.07 GrowthforGoodRt GFGDR ... ... .10 ... ... 63.06 44.86 GrAeroportuario OMAB 7.5 14 50.14 –3.31.4944 44.60 33.78 GuarantyBcshrs GNTY 2.5 11 34.59 –0.01 .22 121.26 27.65 GuardantHealth GH ... dd 53.83 +4.87 ... 4.62 3.10 GulfIslandFab GIFI ... dd 4.17 +0.25 ... 6.76 3.12 Gulf Resources GURE ... 4 3.36 –0.19 ...

H

50.69 26.12 H&E Equipment HEES 3.9 12 28.34 +0.26 .275 19.99 15.64 HBT Finl HBT 3.5 9 18.15 +0.10 .16 10.55 9.87 HCM Acqn A HCMA ... 33 10.10 +0.03 ... 7.05 1.76 HCW Biologics HCWB ... dd 2.29 +0.05 ... 25.98 21.87 HMN Fin HMNF 1.1 11 22.40 +0.02 .06 6.05 1.23 Hookipa HOOK ... dd 1.34 –0.13 ... 36.81 8.37 HUTCHMED(China) HCM ... ... 8.86 –0.01 ... 51.15 21.98 H World HTHT .0 dd 33.54 +0.29 .21 24.78 16.92 HackettGroup HCKT 2.5 13 17.72 –0.06 .11 48.88 16.03 HainCelestial HAIN ... 20 16.88 –0.15 ... 4.72 1.01 HallmarkFin HALL ... dd 1.05 ... ...

52.98 31.36 HalozymeTherap HALO ... 16 39.54 +0.72 ... 116.00 59.52 HamiltonLane HLNE 2.7 14 59.61 –4.87 .40 59.82 41.62 HancockWhitney HWC 2.4 8 45.81 –0.97 .27 28.84 19.48 HanmiFinancial HAFC 4.2 7 23.68 –0.15 .25 24.68 19.07 HanoverBancorp HNVR 2.1 5 19.12 –0.19 .10 15.45 13.25 HarborOneBncp HONE 2.1 14 13.42 –0.60 .07 13.32 8.25 Harmonic HLIT ... 41 13.07 +2.00 ... 57.13 31.54 HarmonyBio HRMY ... 47 44.29 +1.82 ... 8.20 0.83 HarpoonTherap HARP ... dd .97 +0.03 ... 13.11 5.40 HarrowHealth HROW ... dd 12.07 +4.08 ... 17.88 5.15 Harte-Hanks HHS ... 7 11.15 +0.70 ... 8.23 2.27 HarvardBioSci HBIO ... dd 2.56 –0.02 ... 105.73 66.92 Hasbro HAS 4.2 17 67.42 –3.57 .70 102.95 25.51 HashiCorp HCP ... dd 32.19 +4.43 ... 24.27 12.76 HawaiianHoldings HA ... dd 13.15 –0.21 ... 48.12 32.77 Hawkins HWKN 1.4 15 38.99 +1.31 .14 26.60 21.81 HawthornBcsh HWBK 3.1 7 21.86 –0.64 .17 49.76 29.00 HaynesIntl HAYN 2.5 14 35.12 –0.66 .22

54.27 9.03 HealthCatalyst HCAT ... dd 9.70 +0.36 ... 10.82 9.82 HealthcareAI A HAIA ... 14 10.09 +0.06 ... 25.67 11.97 HealthcareSvcs HCSG 6.8 30 12.09 –0.78.2138 74.04 36.81 HealthEquity HQY ... dd 67.17 –4.56 ... 29.60 18.51 HealthStream HSTM ... 93 21.26 +0.01 ... 17.88 12.78 HeartlandExp HTLD .6 8 14.31 +0.10 .02 54.00 39.27 HeartlandFinUSA HTLF 2.5 10 43.36 –0.89 .27 50.03 25.15 Heidrick&Strug HSII 2.3 7 25.99 +0.39 .15 256.26 96.39 HelenofTroy HELE ... 12 96.44 –11.98 ... 14.00 4.14 HelloGroup MOMO .0 dd 4.62 +0.18 .62 11.69 8.32 HennessyAdvsrs HNNA 6.3 10 8.67 –0.13.1375 11.03 9.56 HennessyCapVI HCVI ... 35 9.70 +0.04 ... 92.68 65.52 HenrySchein HSIC ... 14 65.77 –1.57 ...

12.94 10.42 HeritageCommerce HTBK 4.6 12 11.34 –0.16 .13 36.29 24.00 HeritageCrystal HCCI ... 10 29.57 –0.22 ... 28.41 20.95 HeritageFin HFWA 3.2 12 26.47 –0.83 .21 46.00 15.00 HertzGlobal HTZ ... 10 16.28 –0.23 ... 101.65 39.58 Hibbett HIBB 2.0 6 49.81 –0.54 .25 38.21 8.95 HighPeakEner HPK .5 23 21.66 +1.54 .025 24.42 7.90 HilleVax HLVX ... dd 17.09 –0.02 ... 12.45 7.15 HillmanSolns HLMN ... dd 7.54 +0.11 ... 16.50 4.81 HimaxTechs HIMX25.6 2 4.84 –0.29 1.25 432.19 250.00 HinghamSvg HIFS .9 12 251.11 –21.77 .59 20.87 11.05 HollysysAuto HOLI .0 13 17.10 –1.42 .32 80.49 61.57 Hologic HOLX ... 11 64.52 +1.54 ... 45.73 33.16 HomeBancorp HBCP 2.4 9 38.99 +0.24 .23 10.30 9.65 HomePlateAcqn HPLT ... 24 9.84 +0.02 ... 5.85 1.50 HomePtCap HMPT10.4 4 1.54 –0.55 .04 57.40 28.57 HomeStreet HMST 4.9 6 28.81 –2.38 .35 32.60 22.08 HomeTrustBcshs HTBI 1.6 10 22.10 –1.31 .09

7.88 1.30 HomologyMed FIXX ... dd 1.61 +0.06 ... 10.60 2.54 Honest HNST ... dd 3.50 –0.10 ... 228.26 166.63 Honeywell HON 2.3 23 166.97 –4.41 .98 27.73 13.27 HookerFurnishings HOFT 5.9 48 13.49 –0.72 .20 17.68 12.48 HopeBancorp HOPE 4.4 7 12.64 –1.32 .14 23.80 16.53 HorizonBancorp HBNC 3.6 8 17.96 –0.85 .16 19.08 9.78 HorizonTechFin HRZN12.0 8 10.01 –0.57 .10 120.54 57.84 HorizonTherap HZNP ... 19 61.89 –1.08 ... 21.63 15.10 HostHotels HST 3.0 20 15.88 +0.06 .12 89.62 60.81 HubGroup HUBG ... 7 68.98 +0.67 ... 44.00 15.55 HudsonGlobal HSON ... 11 33.62 –0.28 ... 2.50 0.61 HuizeHolding HUIZ ... dd .85 +0.01 ... 12.25 3.07 Humacyte HUMA ... dd 3.26 –0.23 ... 218.18 153.92 JBHunt JBHT 1.0 18 156.42 –4.74 .40 17.79 11.67 HuntingtonBcshs HBAN 4.7 12 13.18 –0.01 .155 35.15 21.75 Hurco HURC 2.7 17 22.48 –0.75 .15 72.67 42.66 HuronConsulting HURN ... 17 66.25 +1.11 ... 16.57 1.27 Hut8Mining HUT ... dd 1.78 +0.09 ... 45.01 1.94 Hydrofarm HYFM ... dd 1.94 –0.25 ... 16.61 0.81 Hyperfine HYPR ... dd .81 –0.36 ... 7.90 5.15 Hywin HYW ... ... 6.54 +0.31 ... 8.74 1.68 HyzonMotors HYZN ... dd 1.70 –0.08 ...

I

158.81 52.28 IAC IAC ... dd 55.38 +0.91 ... 20.69 10.77 IBEX IBEX ... 15 18.57 +1.87 ...

111.10 84.68 ICF Intl ICFI .5 30 109.02 +1.01 .14 251.77 148.21 ICU Medical ICUI ... cc 150.60 –4.00 ... 27.26 8.14 IDEAYA Bio IDYA ... dd 14.92 +2.82 ... 672.93 318.50 IdexxLab IDXX ... 42 325.80 –8.40 ... 55.98 24.94 IES Holdings IESC ... 15 27.62 +1.69 ... 67.74 12.67 IGM Biosci IGMS ... dd 22.74 +3.54 ... 76.81 3.92 I-Mab IMAB ... dd 4.01 –0.58 ... 82.94 49.98 IndusRealty INDT 1.2 30 52.37 –4.25 .16 9.42 1.71 IN8bio INAB ... dd 2.02 +0.03 ... 17.88 2.46 IO Biotech IOBT ... dd 2.71 +0.14 ... 180.54 82.68 IPG Photonics IPGP ... 17 84.35 –0.62 ... 30.26 17.80 i3Verticals IIIV ... dd 20.03 –0.44 ... 20.99 8.85 IVERICbio ISEE ... dd 17.94 +2.78 ... 9.95 9.68 IXAcqnA IXAQ ... 19 9.94 +0.01 ... 58.50 47.17 IcahnEnterprises IEP 16.1 dd 49.67 –0.47 2.00 51.98 21.08 Ichor ICHR ... 11 24.21 –1.55 ...

7.63 0.29 iClickInteract ICLK ... dd .35 +0.05 ... 313.00 179.95 Icon ICLR ... 73 183.78 –7.06 ... 35.78 2.96 Icosavax ICVX ... dd 3.16 –0.05 ... 27.02 6.43 iHeartMedia IHRT ... 13 7.33 –0.66 ... 17.50 2.83 IkenaOncology IKNA ... dd 3.55 ... ...

428.00 173.45 Illumina ILMN ... dd 190.79 +0.41 ... 30.21 11.56 ImagoBioSci IMGO ... dd 15.05 +0.28 ... 4.36 0.97 Imara IMRA ... dd 2.28 +0.03 ... 8.17 0.60 iMediaBrands IMBI ... dd .64 –0.06 ... 9.78 4.28 Immersion IMMR ... 22 5.49 +0.22 ... 31.89 3.74 Immuneering IMRX ... dd 14.32 +4.07 ... 14.50 2.52 Immunic IMUX ... dd 3.16 –0.05 ... 10.37 2.60 ImmunityBio IBRX ... dd 4.97 +0.14 ... 61.32 18.43 Immunocore IMCR ... dd 46.94 +3.44 ... 7.77 3.10 Immunogen IMGN ... dd 4.78 +0.20 ... 6.88 3.51 ImmunoPrecise IPA ... dd 3.99 –0.01 ... 9.54 3.15 Immunovant IMVT ... dd 5.58 +0.70 ... 5.00 1.47 Immutep IMMP ... dd 1.56 –0.15 ... 12.56 4.80 ImpelPharm IMPL ... dd 4.87 –0.91 ... 99.00 39.74 Impinj PI ... dd 80.03 +0.86 ... 100.00 50.50 InariMedical NARI ... dd 72.64 +5.56 ... 90.00 3.26 Incannex IXHL ... dd 4.34 –0.47 ... 10.35 9.71 InceptionGrowth IGTA ... dd 9.93 ... ...

0.27 0.08 InceptionGrowthRt IGTAR ... ... .09 ... ... 84.86 61.91 Incyte INCY ... 16 66.64 –0.25 ... 93.52 74.42 IndependentBank INDB 2.7 20 74.53 –3.12 .51

26.00 17.87 IndepBankMI IBCP 4.6 7 19.10 –0.57 .22 79.66 61.16 IndependentBank IBTX 2.5 13 61.39 –4.15 .38 28.66 5.46 IndLogistics ILPT .7 dd 5.50 –1.57 .01

10.06 9.83 IndlTechII A ITAQ ... 68 10.00 ... ...

9.86 4.51 Infinera INFN ... dd 4.84 +0.26 ... 3.42 0.46 InfinityPharm INFI ... dd 1.19 –0.01 ... 5.69 0.78 InflaRx IFRX ... dd 2.64 +0.52 ... 9.70 4.67 InfoSvcsGrp III 3.4 14 4.76 –0.09 .04 102.88 64.44 InglesMarkets IMKTA .8 5 79.21 –2.57 .165 47.90 7.67 Inhibrx INBX ... dd 17.95 +3.19 ...

99.27 20.60 InMode INMD ... 14 29.11 +1.59 ... 6.50 1.98 InnatePharma IPHA ... dd 2.00 –0.33 ... 11.25 2.78 Innodata INOD ... dd 3.02 +0.15 ... 106.87 81.00 Innospec IOSP 1.5 18 85.67 –3.38 .63 9.21 3.39 InnovAge INNV ... dd 5.88 –0.12 ... 10.61 9.87 InnovativeIntlA IOAC ... dd 10.14 +0.01 ... 9.90 5.77 InnovSolSuprt ISSC ... 27 8.63 –0.40 ... 20.71 11.57 Innoviva INVA ... 9 11.61 –0.19 ... 44.30 22.28 Inogen INGN ... dd 24.28 +1.36 ...

7.77 1.38 InovioPharma INO ... dd 1.73 +0.02 ... 11.85 2.30 InozymePharma INZY ... dd 2.68 +0.06 ... 7.98 1.74 Inseego INSG ... dd 2.07 –0.04 ... 111.02 81.11 InsightEnt NSIT ... 12 82.41 –0.67 ... 34.44 16.41 Insmed INSM ... dd 21.54 ... ... 108.00 2.02 Inspirato ISPO ... dd 2.36 +0.07 ... 23.22 3.90 InstilBio TIL ... dd 4.84 –0.04 ... 324.81 181.00 Insulet PODD ... cc 229.40 –4.79 ... 32.91 13.52 Intapp INTA ... dd 18.67 +1.21 ...

74.98 41.87 IntegraLifeSci IART ... 22 42.36 –1.23 ...

10.77 9.71 IntegralAcqnCorp.1 INTE ... dd 9.90 –0.03 ... 29.68 7.00 IntegralAd IAS ... dd 7.24 –0.10 ... 56.28 25.74 Intel INTC 5.7 6 25.77 –1.75 .365

143.92 37.08 IntelliaTherap NTLA ... dd 55.96 +2.04 ... 9.68 1.33 Intellicheck IDN ... dd 2.52 +0.34 ... 10.93 9.86 IntelligentMedA IQMD ... ... 10.07 +0.03 ... 4.63 2.10 Inter INTR ... ... 3.26 –0.93 ... 108.35 64.52 InterParfums IPAR 2.7 24 75.46 –1.86 .50 82.83 52.18 InteractiveBrkrs IBKR .6 25 63.91 –0.74 .10 21.25 10.81 InterceptPharm ICPT ... dd 13.95 –1.29 ...

8.77 4.14 Intercure INCR ... 28 4.50 +0.27 ... 74.27 40.23 InterDigital IDCC 3.5 14 40.42 –2.12 .35

18.03 8.90 Interface TILE .4 9 8.99 –0.32 .01 46.67 38.00 IntlBcshs IBOC 2.8 12 42.50 –0.95 .60

5.98 3.93 Intevac IVAC ... dd 4.65 –0.02 ... 66.00 34.43 Intra-Cellular ITCI ... dd 46.53 +3.02 ... 716.86 339.36 Intuit INTU .8 53 387.32 –6.65 .78 369.69 184.94 IntuitiveSurgical ISRG ... 48 187.44 –3.08 ... 15.78 3.49 Inventiva IVA ... dd 3.93 +0.01 ... 23.72 17.08 Investar ISTR 1.9 12 19.90 –0.36 .095 5.73 3.48 InvestcpCredit ICMB16.7 19 3.58 –0.82 .15 11.02 9.85 InvestcorpEur I A IVCB ... ... 10.11 +0.01 ... 10.13 9.95 InvestcorpIndiaA IVCA ... ... 10.08 +0.01 ... 248.00 133.52 InvestorsTitle ITIC 1.3 6 141.00 –2.20 .46 78.82 2.41 Invivyd IVVD ... dd 3.13 +0.16 ... 48.82 25.04 IonisPharma IONS ... dd 44.23 +1.00 ... 27.96 6.18 IovanceBiotherap IOVA ... dd 9.58 –0.21 ... 10.37 1.86 iQIYI IQ ... dd 2.71 –0.26 ... 169.54 56.52 iRhythmTechs IRTC ... dd 125.28 +2.55 ... 9.46 2.33 Iridex IRIX ... dd 2.41 –0.11 ...

47.32 31.73 IridiumComm IRDM ... ... 44.37 +0.96 ... 28.25 2.89 IrisEnergy IREN ... ... 4.13 +0.46 ... 98.86 35.41 iRobot IRBT ... dd 56.33 –1.48 ... 14.21 10.01 IronwoodPharm IRWD ... 10 10.36 +0.18 ... 16.95 1.62 IsoPlexis ISO ... dd 1.72 –0.03 ... 52.43 16.21 iTeosTherap ITOS ... 2 19.05 –0.04 ... 81.36 42.07 Itron ITRI ... dd 42.11 –1.82 ... 29.85 19.73 IturanLocation ITRN 2.4 14 23.34 +0.38 .14

J

27.87 7.50 JakksPacific JAKK ... 3 19.33 –0.24 ... 165.78 117.45 J&JSnackFoods JJSF 2.2 51 129.47 –7.13 .70 92.69 41.56 JD.com JD .0 dd 50.30 –2.01 1.26 13.55 6.23 Joann JOAN 6.6 dd 6.62 –1.01 .11 59.10 23.14 Joyy YY 7.8 38 26.00 +0.14.5075 212.62 147.50 JackHenry JKHY 1.1 37 182.27 –2.71 .49 105.98 54.80 JackintheBox JACK 2.4 15 74.07 –1.13 .44 0.25 ... JaguarGlbGrwI Rt JGGCR ... ... .14 ... ... 11.18 9.97 JaguarGlblGrowthI JGGCU ... ... 10.01 –0.10 ... 10.87 9.82 JaguarGlbGrwI A JGGC ... cc 9.98 –0.01 ... 39.60 19.76 JamesRiver JRVR .9 dd 22.81 –0.74 .05 49.27 19.68 JamfHolding JAMF ... dd 22.16 –0.02 ... 29.51 9.39 JanuxTherap JANX ... dd 13.54 +1.03 ... 169.98 117.64 JazzPharm JAZZ ... dd 133.29 +5.62 ... 16.65 6.52 JetBlue JBLU ... dd 6.63 –0.28 ... 42.33 16.36 JFrog FROG ... dd 22.11 +2.83 ... 186.01 2.51 JianzhiEduc JZ ... ... 2.56 –0.26 ... 4.88 1.57 Jiayin JFIN ... 1 2.17 –0.23 ... 117.99 48.31 JohnsonOutdoors JOUT 2.4 12 51.31 +0.57 .31 9.81 2.12 JounceTherap JNCE ... dd 2.34 –0.39 ... 10.04 9.82 JupiterWellnessA JWAC ... dd 10.03 +0.02 ... 0.36 0.06 JupiterWellnessRt JWACR ... ... .08 ... ...

K

457.12 282.83 KLA KLAC 1.7 14 302.63 –4.97 1.30 13.36 2.94 KLX Energy KLXE ... dd 8.23 +3.01 ... 11.99 6.89 KVH Inds KVHI ... dd 9.22 +0.03 ... 10.08 9.80 KairousAcqn KACL ... ... 10.07 +0.01 ... 0.28 0.07 KairousAcqnRt KACLR ... ... .07 –0.03 ... 119.31 59.24 KaiserAlum KALU 5.0 dd 61.35 –1.95 .77 2.86 0.21 KalaPharm KALA ... dd .22 –0.03 ... 10.80 1.32 Kaltura KLTR ... dd 2.20 –0.06 ... 18.53 8.00 KalVistaPharm KALV ... dd 14.51 +1.25 ... 6.96 4.22 Kamada KMDA ... dd 4.51 +0.01 ... 5.20 2.00 KandiTech KNDI ... dd 2.11 +0.10 ... 43.22 13.46 Kanzhun BZ ... 82 16.88 –1.37 ...

25.57 14.70 KaratPkg KRT ... 14 15.99 –0.28 ... 278.25 92.26 KarunaTherap KRTX ... dd 224.93 –1.19 ... 14.73 4.00 KaryopharmTherap KPTI ... dd 5.46 +1.06 ... 6.05 0.85 Katapult KPLT ... 22 .96 –0.06 ... 13.89 10.59 KearnyFinancial KRNY 4.1 11 10.62 –0.60 .11 23.00 13.41 KellyServices A KELYA 2.2 9 13.59 –0.13 .075 26.64 13.64 KellyServices B KELYB 2.2 9 13.66 –0.43 .075 10.80 4.00 KemPharm KMPH ... dd 6.24 +0.41 ... 8.69 6.95 KY FirstFedBncp KFFB 5.6 37 7.20 –0.22 .10 68.29 24.38 KerosTherap KROS ... dd 37.62 +2.58 ... 41.31 32.44 KeurigDrPepper KDP 2.2 24 35.82 –1.26 .20

20.48 12.07 KewauneeSci KEQU ... dd 17.60 –0.04 ... 6.73 4.00 KeyTronic KTCC ... 9 4.04 –0.31 ... 10.30 9.64 KeyarchAcqn KYCH ... ... 9.97 +0.02 ... 0.64 0.08 KeyarchAcqnRt KYCHR ... ... .14 ... ... 18.55 4.31 KezarLifeSci KZR ... dd 8.61 +0.59 ... 81.47 54.34 Kforce KFRC 2.0 14 58.65 +0.66 .30 30.61 16.66 KimballElec KE ... 14 17.15 –0.35 ... 11.80 6.29 KimballIntl B KBAL 5.7 dd 6.29 –0.13 .09 45.50 29.05 Kinetik KNTK 9.2 dd 32.58 +0.51 .75 31.99 1.77 KingsoftCloud KC ... dd 1.99 +0.07 ... 15.25 7.36 KiniksaPharm KNSA ... dd 12.84 +1.91 ... 26.05 7.18 KinnateBio KNTE ... dd 11.95 +0.35 ... 27.22 2.98 Kirkland's KIRK ... dd 3.01 –0.34 ... 27.50 2.39 Knightscope KSCP ... ... 2.42 –0.35 ... 29.50 13.78 KnowBe4 KNBE ... cc 20.81 –0.63 ... 131.97 4.90 KodiakSciences KOD ... dd 7.74 –0.24 ... 181.38 20.40 KornitDigital KRNT ... dd 26.61 +0.75 ... 44.87 32.73 KraftHeinz KHC 4.8 27 33.35 –0.57 .40 23.51 10.13 KratosDefense KTOS ... dd 10.16 –1.09 ... 19.55 11.25 KrispyKreme DNUT 1.2 dd 11.53 –0.14 .035 21.58 2.96 KronosBio KRON ... dd 3.35 –0.23 ... 102.99 38.86 KrystalBiotech KRYS ... dd 69.70 +2.01 ... 73.45 37.35 Kulicke&Soffa KLIC 1.8 5 38.53 –1.30 .17 19.93 10.41 KuraOncology KURA ... dd 13.66 +1.12 ... 96.60 30.95 KuraSushiUSA KRUS ... dd 73.58 +8.66 ... 69.12 13.15 KymeraTherap KYMR ... dd 21.77 +0.08 ...

L

10.19 9.72 LamfGlbI A LGVC ... dd 10.09 +0.02 ... 10.07 9.83 LavaMedtech LVAC ... 7 10.03 –0.01 ... 8.38 2.28 LavaTherap LVTX ... ... 4.57 +2.17 ...

10.09 9.86 LFCapAcqnIIA LFAC ... dd 10.06 +0.01 ... 160.59 71.73 LGI Homes LGIH ... 5 81.37 –2.34 ... 169.84 108.42 LHC Group LHCG ... 69 163.66 –1.00 ... 10.31 9.85 LIVCapAcqnII A LIVB ... ... 10.05 –0.03 ... 60.43 42.36 LKQ LKQ 2.1 11 47.15 +0.04 .25 236.58 140.65 LPL Financial LPLA .5 35 218.48 –2.86 .25 8.93 5.41 LSI Inds LYTS 2.6 14 7.69 +0.49 .05 15.25 12.98 LakeShoreBancorp LSBK 5.5 12 13.18 –0.02 .18 20.69 13.91 LakelandBcp LBAI 3.6 10 16.01 –0.37 .145 85.71 64.05 LakelandFin LKFN 2.2 19 72.81 –3.76 .40 22.21 11.13 LakelandInd LAKE ... 21 11.53 –0.19 ... 10.05 9.89 LakeshoreAcqnII LBBB ... ... 10.05 +0.02 ... 0.35 0.05 LakeshoreII Rt LBBBR ... ... .19 +0.02 ... 731.85 358.00 LamResearch LRCX 1.9 11 366.00 –14.561.725 124.32 81.59 LamarAdv LAMR 5.8 18 82.49 –1.71 1.20 177.07 116.85 LancasterColony LANC 2.1 46 150.28 –9.05 .80 12.04 7.65 Landec LNDC ... dd 8.89 +0.12 ... 30.00 24.16 LandmarkBncp LARK 3.3 9 25.57 –0.40 .21 15.73 0.55 LandosBio LABP ... dd .65 –0.02 ... 188.63 137.15 LandstarSystem LSTR .8 12 144.37 +1.63 .30 87.47 22.20 Lantheus LNTH ... cc 70.33 +1.97 ... 14.27 5.07 Largo LGO ... 13 5.27 ... ...

13.69 1.53 LarimarTherap LRMR ... dd 3.20 –0.26 ... 10.30 9.80 LarkspurHlthA LSPR ... dd 9.99 –0.02 ... 10.51 9.88 LatAmGrowthA LATG ... 15 10.09 +0.01 ... 11.50 0.81 Latch LTCH ... dd .95 +0.11 ...

27.25 3.58 Latham SWIM ... dd 3.59 –0.50 ... 85.45 43.41 LatticeSemi LSCC ... 51 49.21 +0.62 ... 19.02 9.41 LaureateEduc LAUR .0 dd 10.55 –0.73 .83 11.58 0.68 Leafly LFLY ... dd .68 –0.12 ... 4.09 0.85 LeapTherap LPTX ... dd .88 –0.04 ... 44.43 16.85 LeeEnterprises LEE ... 11 17.60 +0.59 ... 28.84 11.96 LegacyHousing LEGH ... 7 17.15 –0.02 ... 28.35 8.07 LegalZoom LZ ... dd 8.57 –0.16 ... 10.15 9.73 LegatoMergerII LGTO ... dd 9.94 ... ... 58.00 30.76 LegendBiotech LEGN ... dd 40.80 +2.00 ... 56.47 38.32 LeMaitreVascular LMAT 1.0 50 50.68 +1.80 .125

52-Week Tick Div

High Low Name Sym Yld P/E Last Chg. Amt.

52-Week Tick Div

High Low Name Sym Yld P/E Last Chg. Amt.

52-Week Tick Div

High Low Name Sym Yld P/E Last Chg. Amt.

52-Week Tick Div

High Low Name Sym Yld P/E Last Chg. Amt.

52-Week Tick Div

High Low Name Sym Yld P/E Last Chg. Amt.

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:39

October 3, 2022 BARRON’S 39

DATA NASDAQ ISSUES BARRONS.COM/DATA

164.69 23.80 LendingTree TREE ... 14 23.86 –2.05 ... 6.97 3.02 LesakaTech LSAK ... dd 3.52 +0.38 ... 24.40 13.01 Leslie's LESL ... 19 14.71 +1.26 ...

6.33 1.31 LexiconPharm LXRX ... dd 2.40 +0.07 ... 6.48 1.64 LexinFintech LX ... 2 1.69 –0.13 ... 41.49 16.86 LiAuto LI ... dd 23.01 –1.99 ...

16.37 1.81 LianBio LIAN ... dd 2.00 –0.04 ... 177.20 74.52 LibertyBroadbandA LBRDA ... 9 74.60 –6.48 ... 179.27 73.63 LibertyBroadbandC LBRDK ... 9 73.80 –6.63 ... 30.42 15.58 LibertyGlobal A LBTYA ... 2 15.59 –0.92 ... 30.85 16.62 LibertyGlobal B LBTYB ... 2 17.25 –1.00 ... 30.49 16.48 LibertyGlobal C LBTYK ... 2 16.50 –0.96 ... 14.03 5.90 LibertyLatAmA LILA ... dd 6.19 –0.10 ... 13.88 5.88 LibertyLatAmC LILAK ... dd 6.15 –0.13 ... 64.70 46.35 LibertyFormOne A FWONA ... dd 52.52 +0.31 ... 71.17 51.45 LibertyFormOne C FWONK ... dd 58.50 +0.59 ... 32.69 24.50 LibertyBraves A BATRA ... 56 28.15 +0.54 ... 31.27 23.34 LibertyBraves C BATRK ... 55 27.50 +0.68 ... 56.26 34.40 LibertySirius A LSXMA ... 14 38.07 +0.21 ... 58.13 36.50 LibertySirius B LSXMB ... 15 39.10 –1.55 ... 56.19 34.34 LibertySirius C LSXMK ... 14 37.71 +0.14 ... 10.11 9.78 LibertyRscsA LIBY ... dd 10.09 +0.02 ... 93.67 8.43 LibertyTripAdvB LTRPB ... 14 29.30 +1.20 ... 3.75 0.61 LibertyTripAdvA LTRPA ... 1 1.09 –0.08 ... 6.47 1.80 LifeMD LFMD ... dd 1.97 +0.04 ... 14.60 4.77 LifeStanceHealth LFST ... dd 6.62 –0.83 ... 19.60 6.74 LifetimeBrands LCUT 2.5 17 6.77 –0.79.0425 9.00 4.55 LifewayFoods LWAY ... dd 5.72 –0.05 ... 169.98 72.57 LigandPharm LGND ... dd 86.11 +4.99 ... 90.20 40.10 Light&Wonder LNW ... dd 42.88 +1.65 ...

10.60 1.81 Lilium LILM ... ... 2.28 +0.31 ... 16.71 10.44 Limoneira LMNR 2.3 dd 13.18 +0.23 .075 8.20 4.94 LincolnEduc LINC ... 6 5.44 –0.05 ... 148.54 118.17 LincolnElectric LECO ... 21 125.72 –1.83 ... 11.06 9.79 LionheartIII A LION ... dd 10.09 +0.01 ... 28.73 11.39 LiquiditySvcs LQDT ... 9 16.26 +0.67 ... 334.84 194.72 Littelfuse LFUS 1.2 14 198.69 –1.40 .60 93.89 47.09 LivaNova LIVN ... dd 50.77 +0.45 ... 99.89 30.24 LiveOakBcshs LOB .4 7 30.60 –1.71 .03

61.70 8.65 LivePerson LPSN ... dd 9.42 +0.56 ... 7.06 1.40 LiveVox LVOX ... dd 2.95 +0.39 ... 10.20 1.82 LixiangEduc LXEH ... ... 3.14 –0.12 ... 3.64 0.58 Lizhi LIZI ... 31 .59 –0.10 ... 26.50 14.43 LoganRidgeFin LRFC ... dd 17.96 –1.09 ... 4.69 0.26 LogicBioTherap LOGC ... dd .27 –0.02 ... 9.85 9.61 LogisticsInnovA LITT ... 30 9.77 +0.02 ... 91.13 44.51 LogitechIntl LOGI 2.1 14 46.00 –0.09.9781 9.55 2.84 LongboardPharm LBPH ... dd 3.72 +0.28 ... 17.94 3.61 LoopIndustries LOOP ... dd 4.33 –0.30 ... 8.81 1.49 LordstownMotors RIDE ... dd 1.83 +0.06 ... 17.50 0.20 Lottery.com LTRY ... dd .23 –0.03 ... 87.12 20.01 Lovesac LOVE ... 7 20.38 –0.20 ... 98.95 1.20 LoyaltyVentures LYLT ... dd 1.21 –0.34 ... 13.52 1.53 LucidDiag LUCD ... dd 1.53 –0.15 ... 57.75 13.25 Lucid LCID ... dd 13.97 –0.06 ... 9.63 1.03 LuciraHealth LHDX ... dd 1.06 –0.21 ... 21.29 4.57 Lulu'sFashion LVLU ... dd 4.66 –0.32 ... 485.83 251.51 lululemon LULU ... 33 279.56 –13.64 ... 108.90 68.00 Lumentum LITE ... 26 68.57 –1.83 ... 23.90 5.61 LuminarTech LAZR ... dd 7.29 –0.09 ... 11.09 0.93 LumiraDx LMDX ... dd 1.02 –0.14 ... 10.58 6.15 LumosPharma LUMO ... dd 8.85 –0.15 ... 15.37 11.59 LutherBurbank LBC 4.1 6 11.62 –0.67 .12 15.50 3.57 LyellImmuno LYEL ... dd 7.33 +0.95 ... 57.68 11.96 Lyft LYFT ... dd 13.17 –0.82 ... 9.59 3.30 LyraTherap LYRA ... dd 5.01 –0.38 ...

M

80.30 42.85 Macom Tech MTSI ... 17 51.79 –0.74 ... 14.70 9.85 MeliKaszek MEKA ... dd 9.87 –0.05 ... 86.27 65.51 MGE Energy MGEE 2.5 23 65.63 –8.10.4075 117.01 62.60 MGP Ingredients MGPI .5 20 106.16 +3.27 .12 1.90 0.58 MindTech MIND ... dd .64 +0.03 ... 181.03 81.50 MKS Instrum MKSI 1.1 8 82.64 –2.18 .22 11.70 0.94 MSP Recovery MSPR ... dd 1.20 –0.01 ... 121.22 74.77 MYR Group MYRG ... 17 84.73 –1.14 ... 10.28 7.96 Macatawa MCBC 3.5 12 9.26 –0.21 .08 22.68 2.13 Macrogenics MGNX ... dd 3.46 +0.42 ... 105.93 52.33 MadrigalPharm MDGL ... dd 64.99 –0.15 ... 8.49 0.92 MagentaTherap MGTA ... dd 1.41 ... ... 25.49 15.08 MagicSoftware MGIC 3.7 28 15.56 –0.46 .29 31.55 6.30 Magnite MGNI ... dd 6.57 +0.04 ... 13.23 11.12 MagyarBancorp MGYR 1.0 12 12.43 –0.04 .03 36.28 20.06 MakeMyTrip MMYT ... dd 30.70 +0.08 ... 78.10 47.89 MalibuBoats MBUU ... 6 47.99 –1.55 ... 17.89 14.36 MalvernBancorp MLVF ... dd 14.37 –0.94 ... 5.29 1.35 MammothEnergy TUSK ... dd 3.41 +0.23 ... 10.12 9.75 ManaCapAcqn MAAQ ... dd 10.04 ... ... 0.43 0.10 ManaCapAcqnRt MAAQR ... ... .28 –0.02 ... 188.52 106.02 ManhattanAssoc MANH ... 72 133.03 +3.40 ... 43.10 15.49 Mannatech MTEX 3.8 7 20.80 +1.57 .20 5.44 2.49 MannKind MNKD ... dd 3.09 +0.02 ... 46.43 19.83 MaravaiLifeSci MRVI ... 13 25.53 –0.29 ... 10.29 9.76 MarblegateAcqn GATE ... dd 9.95 +0.01 ... 3.63 1.23 Marchex MCHX ... dd 1.68 –0.15 ... 8.99 1.25 MarinSoftware MRIN ... dd 1.28 –0.15 ... 13.15 3.97 MarinusPharma MRNS ... dd 6.65 –0.41 ... 434.14 217.44 MarketAxess MKTX 1.3 35 222.49 –4.99 .70 8.28 2.20 MarketWise MKTW ... dd 2.28 –0.03 ... 37.90 6.05 Marqeta MQ ... dd 7.12 +0.38 ... 195.90 131.01 Marriott MAR .9 27 140.14 +2.66 .30 23.43 14.87 MartenTransport MRTN 1.3 15 19.16 –0.23 .06 5.98 2.52 MartinMidstream MMLP .6 6 3.40 ... .005 93.85 41.07 MarvellTech MRVL .6 dd 42.91 –0.38 .06 305.21 112.07 Masimo MASI ... 42 141.16 –1.12 ... 29.69 18.49 MasterCraftBoat MCFT ... 6 18.85 –0.66 ... 182.00 46.00 MatchGroup MTCH ... cc 47.75 +0.45 ... 27.55 10.52 Materialise MTLS ... 38 10.71 +0.01 ... 11.76 3.31 MatrixService MTRX ... dd 4.14 +0.36 ... 26.99 17.95 Mattel MAT ... 6 18.94 –0.96 ... 37.60 3.51 Matterport MTTR ... dd 3.79 +0.05 ... 39.76 22.12 MatthewsIntl MATW 3.9 dd 22.41 –0.75 .22 12.99 3.36 MaxCyte MXCT ... dd 6.50 +0.72 ... 27.99 7.48 MaxeonSolar MAXN ... dd 23.77 +1.08 ... 77.89 30.17 MaxLinear MXL ... 26 32.62 –0.32 ... 10.50 9.85 MaxproCapA JMAC ... dd 10.09 ... ... 91.37 70.09 McGrathRent MGRC 2.2 21 83.86 –0.01 .455 10.55 9.80 McLarenTechA MLAI ... dd 10.02 +0.01 ... 10.05 3.50 MedallionFin MFIN 4.6 3 7.02 +0.02 .08 4.65 2.08 MediciNova MNOV ... dd 2.17 +0.01 ... 4.01 1.21 MediWound MDWD ... dd 1.39 ... ... 231.00 126.95 Medpace MEDP ... 27 157.17 +11.79 ... 14.80 2.60 MeihuaIntlMed MHUA ... ... 6.00 –0.03 ... 24.89 6.59 MeiraGTx MGTX ... dd 8.41 +0.86 ... 12.40 4.06 MelcoResorts MLCO ... dd 6.63 +1.33 ... 1711.02 600.68 MercadoLibre MELI ... cc 827.78 +12.77 ... 40.01 29.26 MercantileBank MBWM 4.3 9 29.71 –1.00 .32 10.50 9.60 MercatoPtrsA MPRA ... ... 10.05 ... ... 17.50 9.51 MercerIntl MERC 2.4 3 12.30 +0.36 .075 72.28 40.48 MercurySystems MRCY ... cc 40.60 –2.80 ... 2.59 0.30 MereoBioPharma MREO ... 5 .86 +0.02 ... 34.38 17.20 MeridianBiosci VIVO ... 32 31.53 –0.43 ... 39.78 27.87 Meridian MRBK 2.7 6 29.17 –0.53 .20 73.44 50.46 MeritMedical MMSI ... 56 56.51 +2.51 ... 7.41 3.53 MerrimackPharm MACK ... dd 3.75 +0.05 ... 10.01 2.68 MersanaTherap MRSN ... dd 6.76 +0.61 ... 33.09 13.47 Merus MRUS ... dd 20.03 +1.35 ... 9.18 1.60 MesaAir MESA ... dd 1.65 –0.15 ... 333.42 136.11 MesaLab MLAB .5 dd 140.83 –0.06 .16 7.28 2.14 Mesoblast MESO ... dd 2.55 –0.26 ...

353.83 134.12 MetaPlatforms META ... 11 135.68 –4.73 ... 10.45 9.80 MetalSkyStar MSSA ... ... 9.95 –0.01 ... 0.20 0.06 MetalSkyStarRt MSSAR ... ... .07 –0.01 ... 56.79 28.73 Methanex MEOH 2.2 5 31.87 +2.90 .175 29.82 18.61 MetroCityBkshs MCBS 3.1 7 19.64 –0.16 .15 90.00 54.33 MicrochipTech MCHP 2.0 22 61.03 –1.15 .301 98.45 48.45 MicronTech MU .8 6 50.10 ... .115

349.67 232.73 Microsoft MSFT 1.2 24 232.90 –5.02 .68 891.38 134.09 MicroStrategy MSTR ... dd 212.26 +20.81 ... 10.25 1.80 Microvast MVST ... dd 1.81 –0.09 ... 11.17 2.50 MicroVision MVIS ... dd 3.61 +0.06 ... 33.89 24.81 MidPennBancorp MPB 2.8 12 28.73 –0.27 .20 13.99 10.01 MidCapFin MFIC 12.5 12 10.22 –0.90 .32 201.34 120.30 Middleby MIDD ... 15 128.17 +1.32 ... 121.43 75.77 MiddlesexWater MSEX 1.5 34 77.20 –6.99 .29 30.60 23.48 MidlandStBncp MSBI 4.9 6 23.57 –1.15 .29

34.65 27.27 MidWestOneFin MOFG 3.5 8 27.29 –1.30.2375 9.85 3.98 MilestonePharm MIST ... dd 9.19 +1.28 ... 42.84 15.54 MillerKnoll MLKN 4.8 20 15.60 –4.30.1875 37.25 11.33 MillicomIntl TIGO ... 2 11.41 –0.56 ... 3.41 2.08 Mind CTI MNDO12.4 8 2.10 –0.15 .26 10.37 0.60 MinervaSurgical UTRS ... dd .80 –0.05 ... 195.99 32.96 MiratiTherap MRTX ... dd 69.84 +1.66 ... 30.55 12.82 MirumPharm MIRM ... dd 21.01 –1.39 ... 5.50 0.08 Missfresh MF ... dd .09 ... ...

20.79 11.04 MissionProduce AVO ... 42 14.46 –0.41 ... 10.05 9.96 MobivAcqn MOBV ... ... 10.02 ... ... 376.65 115.03 Moderna MRNA ... 4 118.25 –5.39 ... 189.41 80.55 ModivCare MODV ... dd 99.68 +0.72 ... 32.04 5.50 MolecularPtrs MOLN ... 2 6.69 +0.57 ... 6.98 0.63 MolecularTemp MTEM ... dd .75 +0.04 ... 25.00 5.30 Momentive MNTV ... dd 5.81 +0.17 ... 11.79 1.35 Momentus MNTS ... dd 1.37 –0.14 ... 94.26 54.01 MonarchCasino MCRI ... 14 56.14 +1.37 ...

450.00 85.75 monday.com MNDY ... dd 113.34 –6.09 ... 16.98 6.80 Mondee MOND ... dd 7.81 –2.98 ... 69.47 54.72 Mondelez MDLZ 2.8 20 54.83 –4.12 .385 10.87 5.06 MoneyGram MGI ... dd 10.40 +0.01 ... 590.00 188.17 MongoDB MDB ... dd 198.56 +3.83 ... 580.00 348.02 MonolithicPower MPWR .8 52 363.40 –7.84 .75 64.72 37.49 Monro MNRO 2.6 26 43.46 –0.20 .28 99.81 71.78 MonsterBev MNST ... 38 86.96 –0.13 ... 27.57 6.05 MonteRosaTherap GLUE ... dd 8.17 +0.88 ... 10.25 9.85 MontereyBioAcqn MTRY ... dd 10.11 ... ... 10.16 9.80 MontereyCapA MCAC ... ... 9.89 +0.02 ... 0.22 0.09 MontereyCapRt MCACR ... ... .09 ... ... 350.21 208.48 Morningstar MORN .7 51 212.32 –3.50 .36 68.75 19.23 Morphic MORF ... dd 28.30 +2.32 ... 12.45 4.07 MorphoSys MOR ... dd 5.03 +0.57 ... 21.10 12.59 MotorcarParts MPAA ... 47 15.22 +1.10 ... 10.10 9.84 MountRainier RNER ... dd 10.10 +0.03 ... 10.60 9.96 MountainI A MCAA ... dd 10.23 +0.01 ... 0.40 0.03 MountainCrestVRt MCAGR ... ... .18 +0.14 ... 9.96 9.71 MountainCrestV MCAG ... dd 9.95 ... ... 10.55 9.93 MurphyCanyonA MURF ... ... 10.10 ... ... 2.72 0.42 MustangBio MBIO ... dd .47 +0.01 ... 22.00 4.51 Mynaric MYNA ... dd 4.86 –0.23 ... 33.09 16.02 MyriadGenetics MYGN ... dd 19.08 +0.39 ...

N

31.30 15.39 Napco Security NSSC ... 55 29.08 +0.09 ... 42.63 34.58 NBT Bancorp NBTB 3.2 11 37.95 –1.18 .30 22.15 10.49 NGM Biopharm NGM ... dd 13.08 +0.49 ... 319.88 179.13 NICE NICE ... 57 188.24 –1.15 ... 27.25 15.33 NMI Holdings NMIH ... 7 20.37 +0.77 ... 6.13 1.68 NN NNBR ... dd 1.71 –0.46 ... 13.49 0.49 NRX Pharm NRXP ... dd .74 +0.06 ... 239.91 140.33 NXP Semi NXPI 2.3 16 147.51 –5.43 .845 13.95 1.55 NanoLabs NA ... ... 1.61 –2.36 ... 28.60 8.23 NanoXImaging NNOX ... dd 11.47 +1.16 ... 13.37 2.32 Nanobiotix NBTX ... dd 3.54 –0.42 ... 51.20 11.12 NanoStringTech NSTG ... dd 12.77 –0.24 ... 1.91 0.17 NantHealth NH ... dd .25 –0.13 ... 71.65 46.77 Nasdaq NDAQ 1.4 25 56.68 –0.25 .20 121.05 26.10 Natera NTRA ... dd 43.82 +0.18 ... 69.00 45.50 Nathan's NATH 2.8 17 63.67 –0.17 .45 64.67 38.10 NationalBeverage FIZZ .0 26 38.54 –2.02 3.00 3.97 0.65 NatlCineMedia NCMI18.4 dd .65 –0.24 .03 45.98 29.81 NatlInstruments NATI 3.0 48 37.74 –1.24 .28 52.36 30.93 NatlResearch NRC 2.4 28 39.80 +0.56 .24 65.92 22.59 NationalVision EYE ... 33 32.65 +0.22 ... 236.97 166.94 NatlWesternLife NWLI .2 4 170.80 +0.09 .36 15.00 8.38 NaturalAlt NAII ... 5 9.27 +0.09 ... 6.33 1.86 NautilusBiotech NAUT ... dd 2.12 +0.12 ... 22.59 12.45 Navient NAVI 4.4 4 14.69 +1.50 .16 22.19 3.51 NavitasSemi NVTS ... dd 4.85 +0.08 ... 325.00 22.60 Nayax NYAX ... dd 23.65 –2.86 ... 77.36 23.94 nCino NCNO ... dd 34.11 +0.13 ... 9.48 5.50 NecessityRetail RTL 14.5 dd 5.88 –0.68.2125 18.69 2.96 NektarTherap NKTR ... dd 3.20 +0.06 ... 42.47 10.69 NeoGames NGMS ... dd 12.90 –0.18 ... 47.80 13.92 Neogen NEOG ... 41 13.97 –0.82 ... 8.01 0.62 NeoleukinTherap NLTX ... dd .64 –0.05 ... 34.44 7.07 NerdWallet NRDS ... dd 8.87 –0.70 ... 96.82 61.26 NetApp NTAP 3.2 15 61.85 –1.62 .50 118.19 68.62 NetEase NTES 1.7 17 75.60 –1.95 .36 700.99 162.71 Netflix NFLX ... 21 235.44 +9.03 ... 34.14 17.40 Netgear NTGR ... dd 20.04 –1.77 ... 37.68 26.61 NetScout NTCT ... 57 31.32 –0.30 ... 109.26 71.88 Neurocrine NBIX ... cc 106.21 +2.71 ... 6.68 1.98 Neuronetics STIM ... dd 3.18 +0.83 ... 17.80 3.10 NeuroPace NPCE ... dd 3.75 +0.65 ... 63.06 19.17 NewFortressEner NFE .9 44 43.71 +0.54 .10 14.11 11.09 NewMtnFin NMFC10.4 9 11.53 –0.37 .30 10.74 9.55 NewProvidenceII A NPAB ... dd 10.03 –0.02 ... 4.50 2.07 NY Mortgage NYMT 17.1 dd 2.34 –0.03 .10 10.55 9.87 NewcourtAcqnA NCAC ... 24 10.14 +0.01 ... 26.45 13.73 NewellBrands NWL 6.6 8 13.89 –0.74 .23 11.20 9.70 NewHoldInvtIIA NHIC ... dd 9.85 +0.02 ... 19.10 7.80 Newmark NMRK 1.5 5 8.06 –0.65 .03 25.87 14.87 NewsCorp A NWSA 1.3 14 15.11 –0.22 .10 24.75 15.17 NewsCorp B NWS 1.3 15 15.42 –0.25 .10 32.38 15.65 NewtekBusSvcs NEWT19.0 ... 16.32 –1.16 .65 16.46 0.51 NexImmune NEXI ... dd .55 –0.07 ... 204.62 139.69 NexstarMedia NXST 2.2 8 166.85 –9.03 .90 9.18 2.66 NextCure NXTC ... dd 2.75 –0.22 ... 21.87 13.64 NextGenHlthcr NXGN ... ... 17.70 +0.79 ... 12.50 5.54 NicholasFin NICK ... dd 5.69 –0.06 ... 15.56 3.51 Nikola NKLA ... dd 3.52 –0.37 ... 1.79 0.20 9F JFU ... dd .22 –0.08 ... 39.34 12.60 908Devices MASS ... dd 16.45 +1.27 ... 27.81 4.05 NiuTech NIU ... 17 4.10 –0.45 ... 27.82 7.55 Nkarta NKTX ... dd 13.16 +0.82 ... 34.19 9.41 nLIGHT LASR ... dd 9.45 –0.36 ... 11.51 1.19 Nogin NOGN ... dd 1.35 –0.05 ... 13.44 4.25 Noodles NDLS ... dd 4.70 +0.16 ... 272.28 194.89 Nordson NDSN 1.2 26 212.27 –0.73 .65 43.27 30.09 NortheastBank NBN .1 7 36.67 –1.17 .01

18.00 9.05 NorthernTechsIntl NTIC 2.1 18 13.31 +1.77 .07 135.15 84.07 NorthernTrust NTRS 3.5 12 85.56 –2.91 .75 18.41 11.87 NorthfieldBanc NFBK 3.6 11 14.31 –0.45 .13 47.34 38.42 NorthrimBanCorp NRIM 4.1 9 41.56 –0.44 .50 9.95 9.69 NorthViewAcqn NVAC ... 46 9.94 +0.01 ... 0.25 0.07 NorthViewRt NVACR ... ... .08 –0.02 ... 15.22 12.04 NorthwestBcshs NWBI 5.9 14 13.51 –0.53 .20 34.94 23.11 NorthwestPipe NWPX ... 14 28.10 +1.44 ... 63.06 49.05 Northwestern NWE 5.1 15 49.28 –3.42 .63 30.92 20.12 NortonLifeLock NLOK 2.5 14 20.14 –0.53 .125 29.00 23.00 NorwoodFin NWFL 4.2 8 26.58 –0.04 .28 149.15 81.63 Nova NVMI ... 22 85.30 –2.19 ... 184.44 110.84 Novanta NOVT ... 65 115.65 –4.33 ...

236.50 17.85 Novavax NVAX ... dd 18.20 –2.80 ... 124.35 56.39 Novocure NVCR ... dd 75.98 +2.76 ... 24.00 4.53 Novonix NVX ... dd 4.70 –0.20 ... 10.14 9.94 NubiaBrandA NUBI ... dd 10.05 +0.02 ... 3.32 0.52 NuCana NCNA ... dd 1.05 +0.06 ... 36.24 7.52 NurixTherap NRIX ... dd 13.03 +0.50 ... 39.34 13.44 Nutanix NTNX ... dd 20.83 +0.27 ... 31.43 7.09 Nuvalent NUVL ... dd 19.44 +2.67 ... 63.46 41.33 Nuvasive NUVA ... dd 43.81 +0.19 ... 140.23 26.53 Nuvei NVEI ... 53 27.05 –0.66 ... 346.47 119.46 NVIDIA NVDA .1 40 121.39 –3.77 .04 30.25 6.00 Nyxoah NYXH ... ... 6.30 –0.09 ...

O

48.00 28.85 ODP ODP ... dd 35.15 +0.03 ... 14.86 10.17 OP Bancorp OPBK 4.3 5 11.12 +0.04 .12 5.25 1.78 OPKO Health OPK ... dd 1.89 +0.01 ... 9.94 9.70 OPYAcqnIA OHAA ... dd 9.93 +0.03 ... 750.88 562.90 OReillyAuto ORLY ... 22 703.35 +15.12 ... 103.17 72.02 OSI Systems OSIS ... 11 72.06 –2.43 ... 6.75 2.85 O2MicroIntl OIIM ... 4 4.23 +0.85 ... 7.81 5.87 OaktreeSpec OCSL10.8 20 6.00 –0.08 .17 16.13 2.48 Oatly OTLY ... dd 2.63 –0.06 ... 3.16 0.13 ObsEva OBSV ... dd .14 ... ... 24.25 18.24 OceanFirstFin OCFC 4.3 11 18.64 –0.88 .20 12.50 2.91 OcularTherapeutix OCUL ... dd 4.15 –1.14 ... 28.49 13.48 OfficePropIncm OPI 15.7 dd 14.05 –1.77 .55

32.49 26.29 OhioValleyBanc OVBC 3.0 12 27.82 –0.56 .21 272.27 52.75 Okta OKTA ... dd 56.87 +2.69 ... 30.41 9.24 Olaplex OLPX ... 24 9.55 –2.01 ... 373.58 231.31 OldDomFreight ODFL .5 23 248.77 +0.74 .30 20.81 14.22 OldNatlBncp ONB 3.4 16 16.47 –0.34 .14 15.68 11.95 Old2ndBcp OSBC 1.5 23 13.05 –0.49 .05 32.19 2.00 OlemaPharm OLMA ... dd 2.76 –0.10 ... 35.00 8.39 OlinkHolding OLK ... dd 12.14 –1.05 ... 75.27 37.67 Ollie'sBargain OLLI ... 35 51.60 –6.48 ... 43.18 19.92 OlympicSteel ZEUS 1.6 2 22.81 –0.24 .09 161.39 91.58 OmegaFlex OFLX 1.4 38 92.62 –1.73 .32

31.41 1.98 OmegaTherap OMGA ... dd 5.42 –1.05 ... 9.78 1.86 Omeros OMER ... dd 3.15 –0.35 ... 187.29 83.78 Omnicell OMCL ... 69 87.03 +0.47 ... 10.07 9.84 OmniLitAcqnA OLIT ... dd 10.06 ... ...

76.78 41.88 ON Semi ON ... 16 62.33 –0.98 ... 3.73 0.68 Oncocyte OCX ... dd .73 –0.07 ... 11.81 0.78 Oncorus ONCR ... dd .85 ... ... 35.72 5.83 1-800-FLOWERS FLWS ... 15 6.49 +0.34 ... 7.90 5.11 180DegreeCap TURN ... dd 5.49 –0.09 ... 24.59 5.94 1LifeHealthcare ONEM ... dd 17.15 +0.05 ... 6.20 1.37 111 YI ... dd 2.68 –0.23 ... 19.00 4.77 1stdibs.com DIBS ... dd 6.29 +0.21 ... 62.79 29.86 OneWaterMarine ONEW ... 3 30.11 –1.82 ... 14.79 0.46 Ontrak OTRK ... dd .47 –0.02 ... 10.50 9.81 OnyxAcqnIA ONYX ... dd 10.12 –0.01 ... 36.52 7.90 OpenLending LPRO ... 10 8.04 –0.43 ... 52.70 26.40 OpenText OTEX 3.7 18 26.44 –0.67 .243 25.33 2.85 OpendoorTech OPEN ... dd 3.11 –0.08 ... 9.87 3.96 Opera OPRA ... dd 4.34 +0.26 ... 27.95 4.16 OportunFin OPRT ... 2 4.37 –0.17 ... 8.50 4.73 Opthea OPT ... ... 6.20 +0.26 ... 6.85 3.26 OpticalCable OCC ... dd 3.45 +0.13 ... 4.30 1.46 Optinose OPTN ... dd 3.66 +0.17 ... 35.57 21.32 OptionCare OPCH ... 32 31.47 +1.73 ... 11.59 2.62 OraSureTechs OSUR ... dd 3.79 +0.13 ... 2.55 0.87 OrganiGram OGI ... dd .87 –0.02 ... 21.18 2.62 OricPharm ORIC ... dd 3.20 –0.20 ... 47.58 36.80 OriginBancorp OBNK 1.6 9 38.47 –1.44 .15 39.98 18.97 OrthofixIntl OFIX ... dd 19.11 –0.87 ... 73.91 36.71 OrthoPediatrics KIDS ... dd 46.14 +0.80 ... 6.99 0.27 OtonomoTech OTMO ... ... .28 –0.02 ... 2.59 0.24 Otonomy OTIC ... dd .30 +0.02 ... 82.46 55.36 OtterTail OTTR 2.7 10 61.52 –3.63.4125 17.74 3.42 Outbrain OB ... dd 3.65 –0.01 ... 60.33 13.25 OutsetMedical OM ... dd 15.93 +1.21 ...

111.28 23.02 Overstock OSTK ... 15 24.35 +0.50 ... 3.78 1.65 OvidTherap OVID ... dd 1.84 –0.01 ... 8.53 4.83 OxfordLane OXLC17.4 4 5.17 +0.05 .075 4.47 2.94 OxfordSquare OXSQ14.0 dd 3.01 –0.11 .035 19.98 3.46 OysterPtPharma OYST ... dd 5.62 –1.04 ...

P Q

40.89 20.23 PAM Transport PTSI ... 7 30.96 +1.61 ...

7.29 5.14 P&FIndustries PFIN .0 dd 5.33 –0.04 .05 26.04 17.96 PCB Bancorp PCB 3.3 7 18.07 –0.70 .15 54.79 40.08 PCConnection CNXN .0 13 45.09 +0.44 1.00 6.19 3.90 PCTEL PCTI 4.7 dd 4.72 +0.14 .055 89.22 43.22 PDC Energy PDCE 2.4 5 57.79 +3.85 .35 33.78 19.34 PDF Solutions PDFS ... dd 24.53 +1.03 ... 81.66 25.49 PENN Entmt PENN ... 23 27.51 +0.89 ... 43.25 3.68 PLBY Group PLBY ... dd 4.03 +0.01 ... 30.40 8.99 PMV Pharm PMVP ... dd 11.90 +0.12 ... 51.00 32.01 PRA Group PRAA ... 10 32.86 –1.62 ... 52.40 15.38 ProceptBio PRCT ... dd 41.46 +3.62 ... 136.00 96.55 PTC PTC ... 25 104.60 –1.44 ... 55.58 25.01 PTC Therap PTCT ... dd 50.20 +1.04 ... 97.56 77.00 Paccar PCAR 1.8 13 83.69 –0.12 .37 31.10 3.85 PacBiosciCA PACB ... dd 5.81 +0.54 ... 45.25 27.92 PacificPremBncp PPBI 4.3 9 30.96 –1.30 .33 82.16 45.05 PaciraBioSci PCRX ... 67 53.19 +0.33 ... 15.53 8.31 PactivEvergreen PTVE 4.6 11 8.73 –0.25 .10 51.81 22.26 PacWestBancorp PACW 4.4 5 22.60 –1.14 .25 213.63 140.52 PaloAltoNtwks PANW ... dd 163.79 +2.22 ... 97.18 44.01 Palomar PLMR ... 47 83.72 +0.40 ... 30.56 14.40 PanAmerSilver PAAS 2.8 dd 15.88 +1.04 .12 140.68 69.94 PapaJohn's PZZA 2.4 29 70.01 –5.14 .42 10.11 9.86 PapayaGrowthI A PPYA ... ... 10.03 +0.01 ... 43.96 21.33 ParamountA PARAA 4.5 4 21.54 –1.21 .24 41.08 18.80 ParamountB PARA 5.0 4 19.04 –1.13 .24 5.41 1.60 ParatekPharma PRTK ... dd 2.57 +0.28 ... 17.76 1.83 PardesBiosci PRDS ... dd 1.85 –0.32 ... 26.91 9.23 Park-Ohio PKOH 4.4 dd 11.31 –1.23 .125 10.52 9.84 ParsecCapA PCX ... dd 10.12 +0.01 ... 9.27 4.00 PartnerComms PTNR ... 23 7.23 –0.13 ... 10.37 1.20 PassageBio PASG ... dd 1.25 –0.03 ... 65.96 31.16 PathwardFinl CASH .6 7 32.96 +0.76 .05 19.49 12.43 PatriaInvts PAX 5.1 14 13.05 –0.10 .169 10.60 9.95 PatriaLatAm PLAO ... ... 10.18 +0.02 ... 88.79 42.31 PatrickIndustries PATK 3.0 3 43.84 +0.24 .33 18.00 9.40 PatriotNatBncp PNBK ... 8 11.07 –0.24 ... 16.29 7.06 PatriotTransport PATI .0 4 7.86 +0.07 3.75 35.29 23.87 Patterson PDCO 4.3 12 24.02 –1.26 .26 20.53 6.71 PattersonUTIEn PTEN 1.4 dd 11.68 +0.82 .04 141.92 109.87 Paychex PAYX 2.8 28 112.21 –2.81 .79 37.42 20.14 PaycorHCM PYCR ... dd 29.56 +1.55 ...

314.50 152.01 Paylocity PCTY ... cc 241.58 +5.00 ... 9.29 3.33 Payoneer PAYO ... cc 6.05 +0.31 ... 273.51 67.58 PayPal PYPL ... 50 86.07 –0.90 ... 38.60 27.71 PeapackGladFinl PGC .6 10 33.65 +0.66 .05 10.58 9.75 PearlHldgsAcqnA PRLH ... dd 9.95 –0.03 ... 131.76 31.71 Pegasystems PEGA .4 dd 32.14 –0.13 .03 99.36 6.82 Peloton PTON ... dd 6.93 –1.58 ... 28.60 10.07 Pennant PNTG ... dd 10.41 –2.22 ... 25.00 21.60 PennsWoodsBncp PWOD 5.6 10 22.91 –0.43 .32 34.63 25.63 PeoplesBncpOH PEBO 5.3 12 28.93 –0.29 .38 30.00 24.73 PeoplesBncpNC PEBK 2.9 11 24.80 –0.48 .18 59.99 45.27 PeoplesFinSvcs PFIS 3.4 8 46.84 –1.62 .40

16.99 4.32 PepGen PEPG ... dd 9.08 +4.10 ... 15.00 9.60 PepperLimeA PEPL ... dd 9.99 ... ...

181.07 149.48 PepsiCo PEP 2.8 25 163.26 –5.26 1.15 10.18 9.82 PerceptionCapII PCCT ... dd 10.16 ... ...

10.50 10.01 PerceptionCapII PCCTU ... ... 10.17 +0.01 ... 13.89 9.65 PerdoceoEduc PRDO ... 7 10.30 +0.17 ...

14.45 5.47 PerellaWeinberg PWP 4.4 23 6.33 –1.02 .07 153.28 59.79 Perficient PRFT ... 31 65.02 +4.09 ... 4.00 1.72 PerformantFin PFMT ... dd 1.85 +0.01 ... 33.09 16.41 PerionNetwork PERI ... 13 19.29 –0.49 ... 15.70 7.05 Perma-PipeIntl PPIH ... 18 9.45 +0.03 ... 21.69 2.84 Personalis PSNL ... dd 2.97 –0.11 ...

26.21 10.63 PetcoHealth WOOF ... 25 11.16 –0.81 ... 27.09 6.85 PetIQ PETQ ... dd 6.90 –1.43 ... 32.67 19.09 PetMedExpress PETS 6.1 20 19.52 +0.07 .30 12.98 6.10 Pharming PHAR ... 34 9.84 –1.02 ... 27.50 7.00 Pharvaris PHVS ... ... 7.67 –0.31 ... 4.10 0.17 PhaseBioPharm PHAS ... dd .18 –0.62 ... 34.36 6.10 PhathomPharm PHAT ... dd 11.08 +1.49 ... 43.50 32.61 Phenixfin PFX .0 dd 34.88 –0.60 .121 22.96 12.71 PhibroAnimal PAHC 3.6 11 13.29 +0.27 .12 36.35 27.07 PhillipsEdison PECO 4.0 cc 28.05 –1.43.0933 11.76 9.71 PhoenixBiotech PBAX ... dd 10.09 ... ... 25.81 12.18 Photronics PLAB ... 9 14.62 –0.04 ... 34.66 20.23 PilgrimPride PPC ... 8 23.02 –1.04 ... 104.30 23.21 Pinduoduo PDD ... 29 62.58 +2.53 ... 111.31 67.86 PinnacleFinPtrs PNFP 1.1 12 81.10 –0.14 .22 7.10 0.25 PintecTech PT ... dd .27 –0.12 ... 5.95 1.54 Pixelworks PXLW ... dd 1.61 –0.02 ... 12.57 8.64 PlainsAllAmPipe PAA 8.3 13 10.52 –0.13.2175 13.02 9.24 PlainsGP PAGP 8.0 19 10.91 –0.10.2175 9.81 5.71 PlayaHotels PLYA ... 16 5.82 +0.02 ... 6.60 3.24 Playstudios MYPS ... dd 3.49 –0.07 ... 30.00 9.38 Playtika PLTK ... 13 9.39 –0.93 ... 99.12 72.88 Plexus PLXS ... 21 87.56 +0.16 ... 24.81 3.97 PliantTherap PLRX ... dd 20.89 +1.06 ... 16.41 5.04 PolestarAuto PSNY ... dd 5.06 –0.94 ... 8.57 1.03 PolyPid PYPD ... dd 1.17 +0.11 ... 11.29 9.05 PonceFinl PDLB ... 18 9.16 –0.17 ...

10.02 9.95 PonoCapTwoA PTWO ... ... 10.02 ... ... 582.27 308.74 Pool POOL 1.3 17 318.21 +5.69 1.00 4.33 0.72 PopCulture CPOP ... 10 1.04 +0.04 ... 99.49 70.69 Popular BPOP 3.1 6 72.06 –1.25 .55 57.73 14.84 Portillo's PTLO ... dd 19.69 –1.34 ...

25.97 19.47 PortmanRidge PTMN12.0 62 21.00 –0.15 .63 7.84 1.82 PoseidaTherap PSTX ... dd 3.53 +0.51 ... 27.34 8.97 Poshmark POSH ... dd 15.67 +1.29 ... 7.15 4.31 Potbelly PBPB ... dd 4.53 ... ... 61.51 39.10 PotlatchDelt PCH 4.3 7 41.04 +0.63 .44 31.81 18.81 PowellIndustries POWL 4.9 30 21.08 –0.64 .26 10.47 9.70 Pwr&Digital II A XPDB ... dd 9.92 +0.04 ... 110.43 63.75 PowerIntegrations POWI 1.1 21 64.32 –1.13 .18 7.24 2.06 PowerFleet PWFL ... dd 3.08 +0.04 ... 10.60 9.94 PowerUpAcqn PWUP ... ... 10.14 +0.03 ... 23.56 1.63 PraxisPrecision PRAX ... dd 2.27 –0.23 ... 5.60 1.12 Precigen PGEN ... dd 2.12 –0.06 ... 11.73 1.11 PrecisionBio DTIL ... dd 1.30 +0.08 ... 81.97 62.02 PreferredBankLA PFBC 2.6 9 65.23 –1.39 .43 87.19 54.97 PreformedLine PLPC 1.1 8 71.15 –0.96 .20 32.77 3.87 PreludeTherap PRLD ... dd 6.61 –0.02 ... 34.00 24.35 PremierFinl PFC 4.7 9 25.70 –0.96 .30 42.15 33.01 Premier PINC 2.5 16 33.94 +0.48 .21 8.75 3.33 Prenetics PRE ... dd 3.78 +0.18 ... 10.70 1.88 PrestoTechnologies PRST ... dd 2.05 –0.95 ... 88.30 57.37 PriceSmart PSMT 1.5 18 57.59 –1.00 .43 10.40 9.88 PrimeNumberI A PNAC ... ... 9.98 +0.04 ... 16.54 12.12 PrimisFinl FRST 3.3 14 12.13 –0.42 .10 29.38 15.90 PrimorisSvcs PRIM 1.5 7 16.25 –1.41 .06

80.36 61.05 PrincipalFin PFG 3.5 4 72.15 –0.26 .64 44.64 17.99 PriviaHealth PRVA ... dd 34.06 –0.35 ... 11.98 5.86 Procaps PROC ... dd 7.00 +0.21 ... 31.25 17.86 ProfessionalHldg PFHD ... 18 25.94 –1.22 ... 23.62 13.18 ProFrac PFHC ... dd 15.21 –0.80 ... 53.99 40.33 ProgressSoftware PRGS 1.6 22 42.55 +0.47 .175 68.32 25.67 Progyny PGNY ... 81 37.06 +0.77 ... 9.96 9.23 ProjectEnReimag PEGR ... 21 9.84 –0.03 ... 63.13 21.50 PrometheusBio RXDX ... dd 59.01 +8.17 ... 8.67 0.53 ProQR Therap PRQR ... dd .74 –0.02 ... 9.06 6.09 ProspectCapital PSEC 11.6 5 6.20 –0.57 .06 38.11 6.91 ProtagonistTherap PTGX ... dd 8.43 +0.11 ... 7.97 2.72 ProtaraTherap TARA ... dd 2.96 –0.44 ... 13.22 4.26 Proterra PTRA ... dd 4.98 +0.15 ... 74.32 21.06 Prothena PRTA ... dd 60.63 +29.89 ... 8.04 3.19 ProventionBio PRVB ... dd 4.50 +0.32 ... 17.37 13.76 ProvidentFin PROV 3.9 12 14.20 –0.62 .14 43.65 14.73 PubMatic PUBM ... 17 16.63 +0.38 ... 45.49 13.79 Pulmonx LUNG ... dd 16.66 +0.29 ... 7.11 1.60 PumaBiotech PBYI ... dd 2.37 +0.02 ... 54.25 18.15 PureTechHealth PRTC ... dd 27.00 +4.89 ... 22.85 2.65 PurpleInnovation PRPL ... dd 4.05 +0.05 ... 8.50 4.10 Puyi PUYI ... dd 7.34 +0.16 ... 19.00 1.71 PyxisOncology PYXS ... dd 1.97 +0.04 ... 62.85 50.28 QCR Holdings QCRH .5 8 50.94 –0.75 .06 4.05 1.01 QilianIntl QLI ... 13 1.19 +0.01 ... 178.50 79.36 Qorvo QRVO ... 11 79.41 –2.91 ... 193.58 112.92 Qualcomm QCOM 2.7 10 112.98 –8.21 .75 48.28 9.66 QualtricsIntl XM ... dd 10.18 +0.05 ... 162.36 106.48 Qualys QLYS ... 55 139.39 –2.03 ... 60.92 6.31 Quanterix QTRX ... dd 11.02 +2.55 ... 7.45 1.08 Quantum QMCO ... dd 1.08 –0.18 ... 9.10 2.22 Quantum-Si QSI ... dd 2.75 +0.10 ... 28.00 1.51 Quhuo QH ... dd 1.76 +0.08 ... 180.06 68.43 QuidelOrtho QDEL ... 3 71.48 –1.10 ... 98.50 1.20 QuinceTherap QNCX ... dd 1.33 +0.04 ... 18.76 8.28 QuinStreet QNST ... dd 10.50 +0.01 ... 3.19 0.14 Quotient QTNT ... dd .15 –0.02 ... 21.93 3.04 QurateRetailB QRTEB .0 24 6.77 –1.34 1.25 11.47 1.90 QurateRetailA QRTEA .0 7 2.01 –0.31 1.25 13.10 0.51 Qutoutiao QTT ... dd .51 –0.16 ...

R

40.74 9.86 RaptTherap RAPT ... dd 24.06 +1.36 ... 29.09 19.50 RBB Bancorp RBB 2.7 7 20.78 –0.18 .14 94.33 46.49 RCI Hospitality RICK .3 16 65.34 +2.33 .05 28.82 5.22 RCM Tech RCMT ... 8 16.69 +2.63 ... 7.49 0.60 REE Automotive REE ... dd .68 –0.07 ... 44.35 18.69 REGENXBIO RGNX ... 14 26.43 +3.57 ... 11.54 9.65 RF Acqn RFACU ... ... 9.97 –0.03 ... 9.94 9.80 RF Acqn A RFAC ... dd 9.87 –0.06 ... 0.20 0.03 RF Acqn Rt RFACR ... ... .08 ... ... 8.71 5.17 RF Industries RFIL ... 33 5.75 –0.07 ... 25.00 18.01 RGC Resources RGCO 3.7 dd 21.06 –0.15 .195 10.08 9.82 ROC Energy ROC ... dd 10.02 –0.02 ... 0.35 0.06 ROC Energy Rt ROCAR ... ... .06 –0.01 ... 27.86 18.28 R1 RCM RCM ... 99 18.53 –0.28 ... 3.29 0.98 RVL Pharm RVLP ... dd 2.10 –0.12 ... 18.50 4.07 RackspaceTech RXT ... dd 4.08 –0.90 ... 18.79 9.38 RadiusGlbInfr RADI ... dd 9.42 –2.12 ...

34.69 16.44 RadNet RDNT ... 48 20.35 +3.15 ... 42.19 20.51 Radware RDWR ... cc 21.79 –0.13 ... 17.31 2.15 RainTherap RAIN ... dd 4.88 –1.72 ...

21.00 5.90 Rallybio RLYB ... dd 14.47 +0.87 ... 21.73 8.43 RamacoRscs METC 4.9 4 9.20 +0.58.1133 33.75 20.00 Rambus RMBS ... dd 25.42 +0.79 ... 27.40 18.18 RandolphBancorp RNDB 2.2 35 26.96 +0.35 2.00 53.59 23.32 RangerOil ROCC 1.0 7 31.45 +2.12 .075 36.27 8.00 RaniTherap RANI ... dd 9.58 +0.40 ... 22.71 2.49 RapidMicro RPID ... dd 3.23 –0.26 ... 145.00 42.56 Rapid7 RPD ... dd 42.90 –2.91 ... 12.75 4.56 RealGoodFood RGF ... dd 6.46 –0.39 ... 17.09 1.47 RealReal REAL ... dd 1.50 –0.09 ... 114.80 18.47 ReataPharm RETA ... dd 25.13 +3.01 ... 23.86 4.92 RecursionPharm RXRX ... dd 10.64 –0.15 ... 57.80 47.09 RedRiverBcshs RRBI .6 11 49.43 +0.42 .07 24.69 5.95 RedRobin RRGB ... dd 6.73 +0.27 ... 58.74 30.98 RedRockResorts RRR 2.9 9 34.26 –0.42 .25

53.94 5.74 Redfin RDFN ... dd 5.84 –0.35 ... 6.50 0.47 RedHillBio RDHL ... dd .50 +0.01 ... 10.03 9.78 RedwoodsAcqn RWOD ... ... 9.93 ... ... 78.78 51.97 RegencyCtrs REG 4.6 19 53.85 –0.87 .625 754.67 538.01 RegenPharm REGN ... 14 688.87 –8.46 ... 10.08 9.94 RelativityAcqnA RACY ... 65 10.03 +0.01 ... 37.67 12.65 RelayTherap RLAY ... dd 22.37 –0.08 ... 38.68 15.74 RelmadaTherap RLMD ... dd 37.02 +5.12 ... 41.40 6.66 RemitlyGlobal RELY ... dd 11.12 +1.12 ...

27.83 1.24 Renalytix RNLX ... dd 1.28 –0.05 ... 40.79 27.61 Renasant RNST 2.8 12 31.28 –1.65 .22 10.00 1.92 ReneoPharm RPHM ... dd 3.35 –0.05 ... 10.85 5.06 ReNewEnergy RNW ... dd 6.02 –0.29 ... 58.79 17.50 Rent-A-Center RCII 7.8 25 17.51 –5.33 .34 24.77 2.12 RenttheRunway RENT ... dd 2.20 –0.18 ... 28.25 8.07 RepareTherap RPTX ... dd 12.13 +0.13 ... 306.98 137.21 Repligen RGEN ... 68 187.11 +5.87 ... 35.93 13.05 Replimune REPL ... dd 17.27 +1.39 ...

57.62 38.23 RepublicBcpKYA RBCAA 3.6 8 38.30 –1.35 .341 5.67 2.58 RepublicFirstBncp FRBK ... 9 2.83 –0.14 ... 10.84 4.80 ReservoirMedia RSVR ... 21 4.88 –0.56 ... 23.18 15.65 ResourcesConnect RGP 3.1 9 18.07 +0.54 .14 20.09 13.35 RetailOppor ROIC 4.4 32 13.76 –0.71 .15

31.40 1.32 ReunionNeuro REUN .0 dd 1.43 –0.32 .017 29.51 11.27 RevanceTherap RVNC ... dd 27.00 +1.98 ... 10.35 9.70 RevelstoneCapA RCAC ... ... 9.90 –0.01 ... 34.16 14.08 RevolutionMed RVMD ... dd 19.72 +1.29 ... 32.29 24.54 ReynoldsCnsmr REYN 3.5 20 26.01 –1.54 .23 30.98 3.04 RhythmPharm RYTM ... dd 24.50 +2.94 ... 6.46 2.22 RibbonComms RBBN ... dd 2.22 –0.23 ... 18.11 9.30 RichardsonElec RELL 1.6 12 15.10 +1.14 .06

3.62 0.64 RigelPharm RIGL ... dd 1.18 +0.08 ... 11.52 4.19 RiminiStreet RMNI ... 7 4.66 –0.10 ... 8.22 6.08 RiverviewBncp RVSB 3.8 7 6.35 –0.05 .06 179.47 19.25 Rivian RIVN ... dd 32.91 –0.65 ... 43.36 6.81 Robinhood HOOD ... dd 10.10 +0.66 ... 36.87 7.57 RocketPharm RCKT ... dd 15.96 +3.59 ... 56.96 20.06 RockyBrands RCKY 3.1 7 20.06 –1.69 .155 10.36 5.48 RockyMtnChoc RMCF ... dd 6.01 –0.09 ... 16.76 2.52 RoivantSciences ROIV ... dd 3.22 +0.23 ... 350.60 55.17 Roku ROKU ... dd 56.40 –3.48 ... 116.73 7.75 Root ROOT ... dd 7.88 –0.65 ... 10.61 9.77 RoseHillAcqn ROSE ... 24 10.15 +0.01 ... 123.36 69.24 RossStores ROST 1.5 20 84.27 –0.17 .31 10.64 9.67 RothCHAcqnV ROCL ... dd 9.97 +0.04 ... 14.50 3.14 Rover ROVR ... dd 3.34 +0.14 ... 147.70 84.54 RoyalGold RGLD 1.5 22 93.82 +5.62 .35 44.75 34.86 RoyaltyPharma RPRX 1.9 37 40.18 –0.15 .19 18.39 0.43 RubiusTherap RUBY ... dd .43 –0.05 ... 14.92 10.76 RunwayGrowthFin RWAY11.6 13 11.37 –0.14 .33 60.89 42.72 RushEnt A RUSHA 1.9 7 43.86 –0.12 .21 60.01 44.18 RushEnt B RUSHB 1.8 8 47.91 +0.54 .21 24.93 15.16 RuthsHospitality RUTH 3.3 14 16.86 +0.50 .14 16.99 8.80 RxSight RXST ... dd 12.00 +0.62 ... 127.25 56.95 Ryanair RYAAY ... 54 58.42 –4.08 ...

S

34.20 26.51 S&T Bancorp STBA 4.1 11 29.31 –1.16 .30 391.15 280.92 SBA Comm SBAC 1.0 88 284.65 –10.12 .71 8.10 1.70 SCYNEXIS SCYX ... dd 2.40 +0.04 ... 65.22 48.90 SEI Investments SEIC 1.6 12 49.05 –2.47 .40 10.13 9.93 ShuaaPtrsI A SHUA ... ... 10.13 +0.01 ... 25.00 11.89 SI-BONE SIBN ... dd 17.46 +0.90 ... 26.99 5.84 SIGA Tech SIGA .0 11 10.30 +0.02 .45 12.50 9.87 SKGrowthOppsA SKGR ... ... 9.95 +0.04 ... 20.88 13.72 SLM SLM 3.1 5 13.99 –0.21 .11 20.05 12.32 SLR Invt SLRC 13.3 59 12.32 –1.09.1367 37.25 15.10 SMART Global SGH ... cc 15.87 –0.40 ... 7.69 1.30 SPI Energy SPI ... dd 1.31 –0.21 ... 37.17 25.29 SP Plus SP ... 14 31.32 +0.23 ... 174.42 96.41 SPS Commerce SPSC ... 97 124.23 +6.78 ... 6.50 1.54 SRAX SRAX ... dd 1.71 –0.10 ... 84.85 47.57 SS&C Tech SSNC 1.7 18 47.75 –1.73 .20 24.58 12.86 SSR Mining SSRM 1.8 11 14.71 +1.11 .07 763.22 328.27 SVB Fin SIVB ... 13 335.78 –5.05 ... 16.60 11.44 SabraHealthcare SBRA 9.1 70 13.12 –0.25 .30 12.65 5.03 Sabre SABR ... dd 5.15 –0.27 ... 99.75 76.50 SafetyInsurance SAFT 4.4 17 81.56 –0.90 .90 29.75 21.50 SagaComm SGA 3.8 13 26.15 –1.42 2.00 10.45 9.60 SagaliamAcqnA SAGA ... dd 9.99 +0.02 ... 47.75 27.36 SageTherap SAGE ... dd 39.16 +0.66 ... 365.50 168.03 Saia SAIA ... 15 190.00 +6.46 ... 6.82 1.73 SalemMedia SALM ... 1 1.74 –0.12 ... 23.50 3.93 SanaBiotech SANA ... dd 6.00 +0.07 ... 10.55 9.87 SanabyHlthIA SANB ... 52 10.13 –0.01 ... 52.04 35.15 SandySpringBncp SASR 3.9 8 35.26 –2.56 .34 92.10 67.02 Sanfilippo JBSS 1.0 14 75.73 –0.47 1.50 11.49 3.12 SangamoTherap SGMO ... dd 4.90 –0.05 ... 23.10 5.24 SangomaTechs SANG ... dd 5.25 –0.66 ... 52.14 35.36 Sanmina SANM ... 12 46.08 +0.74 ... 58.10 36.91 Sanofi SNY 3.3 13 38.02 –0.38.2972 38.32 19.15 SapiensInt SPNS 3.6 20 19.18 –0.71 .47 10.50 2.19 SarcosTech&Robotic STRC ... dd 2.22 –0.21 ... 120.23 61.28 SareptaTherap SRPT ... dd 110.54 +2.35 ... 8.08 2.51 SatsumaPharm STSA ... dd 6.00 –1.32 ... 1.91 1.02 Savara SVRA ... dd 1.55 +0.13 ... 41.01 25.75 ScanSource SCSC ... 8 26.41 +0.29 ... 59.70 28.29 SchnitzerSteel SCHN 2.6 4 28.46 –0.31.1875 36.43 4.33 ScholarRock SRRK ... dd 6.93 +0.48 ... 48.28 28.22 Scholastic SCHL 2.6 19 30.76 –2.66 .20 59.87 20.71 Schrodinger SDGR ... dd 24.98 +0.86 ... 16.80 9.67 SchultzeSpecII A SAMA ... dd 9.94 +0.03 ... 15.10 1.43 Science37 SNCE ... dd 1.61 ... ... 22.29 10.60 SciPlay SCPL ... 16 11.76 +0.87 ... 6.90 3.48 scPharm SCPH ... dd 6.52 +1.96 ... 9.88 9.45 ScreamingEagleA SCRM ... ... 9.67 –0.04 ... 23.61 11.23 ScrippsEW SSP ... 8 11.27 –1.29 ...

3.44 0.38 SeaChange SEAC ... dd .43 –0.01 ... 39.31 30.12 SeacoastBkgFL SBCF 2.2 16 30.23 –1.21 .17

117.67 53.04 Seagate STX 5.3 7 53.23 –4.55 .70 192.79 105.43 Seagen SGEN ... dd 136.83 –2.37 ... 10.14 9.72 SeaportCalibre SCMA ... 30 10.01 –0.01 ... 11.00 9.67 SeaportGlblAcqnII SGII ... 29 10.00 +0.02 ... 10.62 9.90 SeaportGlblAcqnII SGIIU ... ... 10.05 –0.13 ... 16.65 5.50 SeaSpine SPNE ... dd 5.68 –0.12 ... 23.76 7.72 SecureWorks SCWX ... dd 8.05 –0.05 ... 9.49 6.06 SecurityNatFin SNFCA ... 6 6.35 +0.10 ... 38.83 6.44 Seer SEER ... dd 7.74 –0.11 ...

4.51 0.65 SelectaBiosci SELB ... 7 1.64 +0.14 ... 94.35 66.81 SelectiveIns SIGI 1.4 19 81.40 +0.43 .28 9.18 0.83 Sema4 SMFR ... dd .88 +0.01 ... 11.34 2.21 Semantix STIX ... 5 2.59 –0.36 ... 10.38 9.75 SemperParatusA LGST ... cc 10.15 ... ...

94.92 29.19 Semtech SMTC ... 12 29.41 –0.44 ... 63.56 41.54 SenecaFoods A SENEA ... 10 50.44 +0.90 ... 64.13 44.00 SenecaFoods B SENEB ... 11 52.95 –0.84 ... 10.70 1.45 SenseiBiotherap SNSE ... dd 1.55 –0.15 ... 4.24 1.72 SenstarTech SNT ... dd 1.73 –0.10 ... 10.35 1.20 SentiBiosciences SNTI ... dd 2.17 +0.84 ... 11.41 1.15 SeraPrognostics SERA ... dd 1.60 –0.09 ... 11.69 2.50 SeresTherap MCRB ... dd 6.42 +0.53 ... 12.23 4.65 ServiceProperties SVC .8 dd 5.19 –0.32 .01 10.11 9.80 7AcqnA SVNA ... 17 10.11 +0.03 ... 4.28 0.88 17Educ&Tech YQ ... dd 1.35 –0.24 ... 8.54 1.38 Sharecare SHCR ... dd 1.90 +0.04 ... 21.42 2.55 ShattuckLabs STTK ... dd 2.70 ... ... 32.71 16.97 ShenandoahTel SHEN .4 1 17.02 –0.82 .07 36.86 9.58 ShoalsTech SHLS ... cc 21.55 +1.29 ...

314.90 113.36 ShockwaveMed SWAV ... cc 278.07 +25.99 ... 46.21 19.43 ShoeCarnival SCVL 1.7 5 21.44 +0.58 .09 23.19 17.29 ShoreBancshares SHBI 2.8 14 17.32 –0.76 .12

52-Week Tick Div

High Low Name Sym Yld P/E Last Chg. Amt.

52-Week Tick Div

High Low Name Sym Yld P/E Last Chg. Amt.

52-Week Tick Div

High Low Name Sym Yld P/E Last Chg. Amt.

52-Week Tick Div

High Low Name Sym Yld P/E Last Chg. Amt.

52-Week Tick Div

High Low Name Sym Yld P/E Last Chg. Amt.

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:40

40 BARRON’S October 3, 2022

54.50 17.66 Shyft SHYF 1.0 17 20.43 +0.08 .05 6.14 0.48 Sientra SIEN ... dd .64 +0.11 ...

28.92 19.62 SierraBancorp BSRR 4.7 8 19.75 –0.32 .23 30.97 13.44 SierraWireless SWIR ... dd 30.44 –0.20 ... 27.70 5.98 SightSciences SGHT ... dd 6.35 –0.26 ... 6.25 0.47 SigilonTherap SGTX ... dd .51 +0.02 ... 11.02 9.75 SignalHillA SGHL ... cc 9.96 ... ... 374.76 146.00 SignatureBank SBNY 1.5 8 151.00 –5.14 .56 26.84 7.80 SilenceTherap SLN ... dd 10.04 –0.69 ... 52.75 31.30 Silicom SILC ... 19 35.34 +0.62 ... 211.98 113.48 SiliconLab SLAB ... dd 123.44 +0.50 ... 98.65 64.41 SiliconMotion SIMO 3.1 10 65.19 –3.65 .50 63.22 27.21 SilkRoadMed SILK ... dd 45.00 +4.96 ... 15.40 7.70 SilverSpikeInvt SSIC ... dd 10.00 +0.45 ... 11.85 2.80 SilverbackTherap SBTX ... dd 5.28 +0.62 ... 22.68 15.04 SilvercrestAsset SAMG 4.4 7 16.35 –0.96 .18 32.76 19.87 SimmonsFirstNat SFNC 3.5 11 21.79 –1.01 .19 67.59 35.18 SimulationsPlus SLP .5 85 48.54 +0.12 .06 32.95 17.44 SinclairBroadcast SBGI 5.5 1 18.09 –2.09 .25 17.77 2.38 SingularGenomics OMIC ... dd 2.50 –0.13 ... 6.88 5.69 SiriusXM SIRI 1.5 18 5.71 –0.10 .022 341.77 77.47 SiTime SITM ... 33 78.73 –2.61 ... 10.70 9.75 SizzleAcqn SZZL ... dd 10.07 –0.01 ... 53.05 15.83 SkyWest SKYW ... 10 16.26 –0.25 ... 174.14 85.18 Skyworks SWKS 2.9 11 85.27 –9.07 .62 97.94 29.68 SleepNumber SNBR ... 8 33.81 –1.39 ... 4.95 1.37 SmartSand SND ... dd 1.56 +0.12 ... 3.78 0.60 SmartShareGlbl EM ... dd .70 +0.05 ... 7.09 0.91 SmileDirectClub SDC ... dd .91 –0.15 ... 24.26 9.93 Smith&Wesson SWBI 3.9 4 10.37 +0.02 .10 24.50 8.90 SnapOne SNPO ... dd 10.14 +0.03 ... 5.00 0.70 SoYoungIntl SY ... dd .72 –0.02 ... 24.65 4.79 SoFiTech SOFI ... dd 4.88 –0.43 ... 22.71 12.87 Sohu.com SOHU ... 1 16.07 –1.07 ... 10.00 3.94 SolGelTech SLGL ... 12 5.02 +0.02 ... 389.71 200.86 SolarEdgeTech SEDG ... 91 231.46 –27.34 ... 2.51 0.42 SolidBiosci SLDB ... dd .47 –0.05 ... 14.85 5.17 SolidPower SLDP ... 16 5.26 –0.24 ... 14.72 2.85 SomaLogic SLGC ... dd 2.90 –0.10 ... 10.88 0.90 Sonder SOND ... dd 1.66 +0.13 ... 47.49 2.50 Sono SEV ... dd 2.54 –0.04 ... 35.46 13.69 Sonos SONO ... 16 13.90 –0.24 ... 19.19 2.16 SophiaGenetics SOPH ... dd 2.63 –0.34 ... 27.38 6.80 SoteraHealth SHC ... 16 6.82 –0.52 ... 3.11 1.48 SotherlyHotels SOHO ... dd 1.88 +0.06 ... 10.65 9.96 SoundPointA SPCM ... ... 10.20 +0.04 ... 29.89 22.47 SouthPlainsFin SPFI 1.7 8 27.56 +0.14 .12 93.34 72.26 SouthState SSB 2.5 13 79.12 +0.38 .50 65.59 41.65 SouthernFirstBcsh SFST ... 8 41.66 –0.88 ... 61.93 41.79 SoMO Bancorp SMBC 1.6 10 51.03 –0.08 .21 29.35 18.90 SouthernStBcsh SSBK 1.3 13 27.25 +0.10 .09 45.36 35.30 SouthsideBcshs SBSI 3.8 11 35.36 –1.51 .34

17.41 9.52 SovosBrands SOVO ... dd 14.24 +0.14 ... 37.48 21.80 SpartanNash SPTN 2.9 17 29.02 –0.16 .21 2.45 0.42 SpectrumPharm SPPI ... dd .43 ... ...

18.84 0.68 SperoTherap SPRO ... dd 2.00 +0.03 ... 10.87 9.55 SpindletopHlth SHCA ... 19 10.07 +0.02 ... 176.66 75.16 Splunk SPLK ... dd 75.20 –5.83 ... 11.46 6.13 SpokHoldings SPOK16.4 dd 7.64 +0.38.3125 24.96 7.10 Sportradar SRAD ... 95 8.80 ... ... 17.95 7.75 SportsmansWrhs SPWH ... 4 8.30 –0.13 ... 10.88 9.79 SportsMapTech SMAP ... dd 10.02 +0.05 ... 5.44 0.69 SpringBig SBIG ... 13 .94 +0.12 ... 77.70 13.60 SpringWorks SWTX ... dd 28.53 +3.53 ... 35.34 21.18 SproutsFarmers SFM ... 12 27.75 –0.02 ... 5.98 1.16 SpruceBio SPRB ... dd 1.37 ... ... 129.43 49.03 StaarSurgical STAA ... cc 70.55 –2.70 ... 11.04 4.80 Stagwell STGW ... cc 6.95 +0.33 ... 6.65 1.08 StdBioTools LAB ... dd 1.10 –0.13 ... 33.99 16.85 StarBulkCarriers SBLK37.5 2 17.48 –1.58 1.65 3.10 0.72 StarEquity STRR ... dd 1.00 –0.02 ... 117.80 68.39 Starbucks SBUX 2.5 24 84.26 +0.09 .53 1.50 0.16 StealthBioTher MITO ... dd .31 ... ... 4.18 1.91 StealthGas GASS ... dd 2.56 +0.06 ... 100.37 50.54 SteelDynamics STLD 1.9 3 70.95 +0.76 .34 55.19 22.39 StepStone STEP 3.3 9 24.51 –1.38 .20

70.91 40.35 Stericycle SRCL ... dd 42.11 –2.49 ... 28.76 14.65 SterlingCheck STER ... dd 17.64 –1.84 ... 32.14 20.46 SterlingInfr STRL ... 8 21.47 –0.35 ... 51.56 26.36 StevenMadden SHOO 3.1 8 26.67 –1.08 .21 41.68 3.72 StitchFix SFIX ... dd 3.95 –0.32 ... 72.77 50.83 StockYardsBncp SYBT 1.7 23 68.01 –0.17 .29 33.06 9.55 StokeTherap STOK ... dd 12.84 –0.19 ... 40.04 6.81 StoneCo STNE ... dd 9.53 +0.26 ... 98.13 52.31 StoneX SNEX ... 11 82.94 +2.69 ... 42.83 13.97 Stratasys SSYS ... dd 14.41 +0.18 ... 75.03 48.01 StrategicEd STRA 3.9 31 61.41 –0.88 .60 45.21 20.65 Strattec STRT ... 12 20.80 –1.10 ... 46.44 22.96 StratusProp STRS .0 2 23.30 –0.76 4.67 35.80 1.00 StrongholdDig SDIG ... dd 1.04 –0.06 ... 30.83 24.18 SummitFin SMMF 3.0 7 26.94 –0.66 .20 18.87 14.05 SummitStateBk SSBI 3.3 6 14.51 –0.65 .12 5.79 0.88 SummitTherap SMMT ... dd 1.19 –0.03 ... 17.80 6.57 SumoLogic SUMO ... dd 7.50 +0.38 ... 36.68 13.61 SunCountryAir SNCY ... 61 13.61 –1.06 ... 11.47 4.22 SunOpta STKL ... dd 9.10 +0.22 ... 34.61 12.78 SunPower SPWR ... dd 23.04 –1.65 ... 60.60 16.80 SunRun RUN ... dd 27.59 –3.28 ... 74.93 34.11 SuperMicroComp SMCI ... 10 55.07 +1.64 ... 27.26 8.68 SuperiorGroup SGC 6.3 dd 8.88 –0.77 .14 36.08 24.95 SupernusPharms SUPN ... 34 33.85 +0.77 ... 8.32 1.00 SurfaceOncol SURF ... dd 1.04 –0.06 ... 35.10 2.95 Surgalign SRGA ... dd 3.48 +0.07 ... 63.87 23.33 SurgeryPartners SGRY ... dd 23.40 –1.40 ... 58.95 28.28 Surmodics SRDX ... dd 30.40 +1.11 ... 23.70 3.33 SutroBioph STRO ... dd 5.55 +0.38 ... 10.20 9.03 SwiftmergeAcqn IVCPU ... ... 9.95 +0.01 ... 11.37 9.67 SwiftmergeA IVCP ... dd 9.92 +0.03 ... 11.40 0.70 Swvl SWVL ... dd .84 +0.07 ... 28.48 9.01 Symbotic SYM ... dd 11.50 +0.96 ... 299.39 98.50 Synaptics SYNA ... 16 99.01 –1.94 ... 3.09 1.06 Synchronoss SNCR ... dd 1.14 –0.02 ... 25.71 13.27 SyndaxPharm SNDX ... cc 24.03 +1.09 ... 104.18 46.24 SyneosHealth SYNH ... 18 47.15 –0.87 ... 3.09 0.83 Synlogic SYBX ... dd .95 –0.01 ... 391.17 255.02 Synopsys SNPS ... 46 305.51 +2.23 ... 4.37 1.71 SyprisSolutions SYPR ... cc 1.86 +0.11 ... 48.00 5.25 SyrosPharm SYRS ... dd 6.44 +0.87 ...

T

8.82 1.60 TCR2 Therap TCRR ... dd 1.80 –0.06 ... 14.00 5.15 TelaBio TELA ... dd 8.52 +0.45 ... 9.96 3.60 TFF Pharm TFFP ... dd 4.06 –0.70 ... 20.50 12.81 TFS Fin TFSL 8.7 56 13.00 –0.53.2825 10.42 9.78 TGVentureAcqn TGVC ... dd 9.95 +0.01 ... 11.04 9.77 TKBCriticalTech1 USCT ... 19 10.13 –0.01 ... 10.50 9.67 TLGY Acqn A TLGY ... 30 10.11 +0.03 ... 5.30 0.79 TMCthemetals TMC ... dd 1.05 –0.04 ... 148.04 101.51 T-MobileUS TMUS ... 98 134.17 +1.84 ... 35.40 23.09 TPG TPG 6.0 dd 27.84 +0.12 .39 36.66 9.23 TPIComposites TPIC ... dd 11.28 –1.15 ...

223.36 104.72 TRowePrice TROW 4.6 10 105.01 –2.32 1.20 103.65 43.98 TTEC TTEC 2.3 21 44.31 –1.65 .52 17.49 9.76 TTM Tech TTMI ... 19 13.18 –0.29 ... 10.27 1.79 Taboola TBLA ... 27 1.81 –0.10 ... 31.63 2.09 TabulaRasaHlth TRHC ... dd 4.80 +0.39 ... 46.41 6.28 TactileSystems TCMD ... dd 7.79 +0.26 ... 195.83 101.85 TakeTwoSoftware TTWO ... 72 109.00 –1.36 ... 17.48 2.04 TalarisTherap TALS ... dd 2.63 +0.20 ... 6.45 0.67 TalisBiomed TLIS ... dd .68 –0.02 ...

4.04 0.82 Talkspace TALK ... dd 1.03 +0.01 ... 10.19 9.87 Talon1AcqnA TOAC ... 45 10.19 ... ... 155.86 42.90 TandemDiabetes TNDM ... dd 47.85 +0.43 ... 8.66 3.50 TandyLeather TLF ... cc 3.63 –0.39 ... 14.96 3.18 TangoTherap TNGX ... dd 3.62 +0.20 ... 8.25 1.46 TarenaIntl TEDU ... dd 6.15 –0.19 ... 10.07 9.73 TargetGlbl I A TGAA ... dd 10.02 –0.05 ... 31.00 10.80 TarsusPharm TARS ... dd 17.12 +1.11 ... 74.21 13.60 TaskUs TASK ... 32 16.10 +0.57 ... 7.00 5.25 TatTechnologies TATT ... dd 5.97 –0.11 ... 19.54 1.68 TayshaGene TSHA ... dd 1.93 +0.04 ... 10.17 9.89 Tech&TelecomA TETE ... cc 10.10 –0.04 ... 111.44 56.13 TechTarget TTGT ... cc 59.20 +0.36 ... 12.78 5.65 Ericsson ERIC 2.9 7 5.74 –0.21.0759 48.35 7.35 Telesat TSAT ... ... 7.81 –0.19 ... 28.94 6.54 Telos TLS ... dd 8.89 –0.75 ... 187.85 28.21 10xGenomics TXG ... dd 28.48 –0.43 ... 63.61 33.73 Tenable TENB ... dd 34.80 +0.10 ... 32.00 2.84 TenayaTherap TNYA ... dd 2.90 –0.28 ... 168.91 75.01 Teradyne TER .6 16 75.15 –4.04 .11 10.79 1.45 TernsPharm TERN ... dd 5.89 +0.73 ... 26.81 18.50 TerritBanc TBNK 5.0 10 18.54 –0.93 .23 414.50 206.86 Tesla TSLA ... 96 265.25 –10.08 ... 8.32 4.04 TesscoTech TESS ... dd 4.14 –0.02 ... 192.91 118.55 TetraTech TTEK .7 26 128.53 +1.37 .23 71.60 48.79 TexasCapBcshs TCBI ... 18 59.03 –1.71 ...

202.26 144.46 TexasInstruments TXN 3.2 17 154.78 –6.51 1.24 96.41 68.58 TexasRoadhouse TXRH 2.1 24 87.26 +2.88 .46 33.36 16.59 TheBancorp TBBK ... 11 21.98 –0.51 ... 40.90 1.99 TherapeuticsMD TXMD ... dd 6.64 +0.42 ... 13.17 7.30 TheravanceBio TBPH ... dd 10.14 +0.15 ... 24.54 4.86 TheseusPharm THRX ... dd 5.80 –0.24 ... 30.50 17.01 ThirdCoastBcshs TCBX ... 17 17.11 –0.82 ... 21.49 16.00 ThirdHarmonic THRD ... ... 18.97 +1.97 ... 2.39 0.50 36Kr KRKR ... 10 .93 +0.02 ... 10.13 4.00 ThorneHealthtech THRN ... 90 4.73 –0.21 ... 33.69 10.49 Thoughtworks TWKS ... dd 10.49 –0.63 ... 23.70 1.81 ThredUp TDUP ... dd 1.84 –0.23 ... 28.49 11.15 360DigiTech QFIN 7.0 3 12.82 –0.38 .18 12.97 9.83 ThriveAcqnA THAC ... 24 10.14 +0.01 ... 10.30 9.60 ThunderBridgeIV A THCP ... cc 9.73 ... ... 13.95 2.65 TilrayBrands TLRY ... dd 2.75 +0.03 ... 29.90 24.05 TimberlandBncp TSBK 3.2 10 27.65 +0.13 .22 38.58 21.50 TitanMachinery TITN ... 7 28.26 +1.74 ...

1.70 0.53 TizianaLife TLSA ... ... .78 ... ...

23.00 6.17 Torm TRMD .0 18 20.29 +1.40 .58 49.13 28.42 TowerSemi TSEM ... 24 43.94 +0.27 ... 34.79 26.18 TowneBank TOWN 3.4 11 26.83 –1.23 .23 241.54 166.49 TractorSupply TSCO 2.0 21 185.88 +0.29 .92 114.09 39.00 TradeDesk TTD ... cc 59.75 +2.05 ... 102.33 56.21 Tradeweb TW .6 46 56.42 –3.20 .08 14.95 3.60 TransActTechs TACT ... dd 3.65 –0.57 ... 101.05 50.32 Transcat TRNS ... 54 75.69 +7.71 ... 3.46 0.98 TransCodeTherap RNAZ ... dd 1.10 +0.07 ... 56.41 10.00 TransMedics TMDX ... dd 41.74 +0.06 ... 64.58 31.19 TravelCenters TA ... 7 53.93 +0.77 ... 13.90 4.43 Travelzoo TZOO ... 19 4.43 –0.66 ... 31.65 20.80 TravereTherap TVTX ... dd 24.64 –0.13 ... 27.25 12.48 TreaceMed TMCI ... dd 22.07 –0.59 ... 10.87 3.19 TreanInsurance TIG ... 7 3.40 –0.19 ... 22.25 6.49 TremorIntl TRMR ... 10 6.93 –0.06 ... 4.68 0.46 TreviTherap TRVI ... dd 1.54 –0.21 ... 13.85 4.10 Tricida TCDA ... dd 10.48 +1.97 ... 49.89 37.41 TriCoBancshares TCBK 2.7 13 44.65 –1.33 .30 38.72 23.85 TriMas TRS .6 16 25.07 –0.66 .04 91.96 54.18 Trimble TRMB ... 27 54.27 –2.11 ... 2.50 0.86 TrinityBiotech TRIB ... dd 1.07 –0.01 ... 20.26 11.86 TrinityCapital TRIN13.0 5 12.53 –1.50 .15 33.27 14.29 Trip.com TCOM ... dd 27.31 +1.32 ... 39.04 16.87 TripAdvisor TRIP ... dd 22.08 +0.02 ... 19.75 3.16 TritiumDCFC DCFC ... ... 3.19 –0.60 ... 136.01 53.96 TriumphBancorp TBK ... 12 54.35 –3.57 ... 3.20 1.16 trivago TRVG ... dd 1.16 –0.15 ... 4.64 1.50 TrueCar TRUE ... dd 1.51 –0.13 ... 158.25 50.81 Trupanion TRUP ... dd 59.43 +0.14 ... 37.10 29.50 TrustcoBank TRST 4.5 9 31.42 –1.64 .35 35.30 26.67 Trustmark TRMK 3.0 17 30.63 –1.00 .23 9.35 1.60 TScanTherap TCRX ... dd 3.05 +0.17 ... 1.64 0.46 Tuniu TOUR ... dd .66 +0.07 ... 32.15 6.57 TurtleBeach HEAR ... dd 6.82 –0.37 ... 43.79 5.99 TuSimple TSP ... dd 7.60 +0.44 ... 13.68 2.12 23andMe ME ... dd 2.86 +0.09 ... 18.20 7.91 TwinDisc TWIN ... 19 11.47 +0.66 ... 139.99 25.07 TwistBiosci TWST ... dd 35.24 +1.80 ... 64.00 9.91 2seventybio TSVT ... dd 14.55 +0.97 ... 34.91 5.66 2U TWOU ... dd 6.25 +0.47 ... 31.36 4.93 TyraBiosciences TYRA ... dd 8.79 +1.47 ...

U

94.80 64.13 UFP Inds UFPI 1.4 7 72.16 +2.56 .25 112.24 81.57 UMB Fin UMBF 1.8 10 84.29 –3.22 .37 18.75 11.00 USCB Financial USCB ... ... 13.11 –0.50 ... 138.95 102.12 US Lime&Min USLM .8 15 102.20 –1.30 .20 10.31 9.72 UTA Acqn A UTAA ... dd 10.02 +0.05 ... 6.97 0.52 uCloudlink UCL ... dd .56 –0.04 ... 32.62 9.47 Udemy UDMY ... dd 12.09 +0.10 ... 451.30 330.80 UltaBeauty ULTA ... 19 401.19 +8.89 ... 60.84 25.19 UltraClean UCTT ... 15 25.75 –0.48 ... 89.72 39.55 UltragenyxPharm RARE ... dd 41.41 –0.09 ... 7.32 4.16 Ultralife ULBI ... dd 4.81 +0.03 ... 22.06 15.77 Umpqua UMPQ 4.9 10 17.09 –0.47 .21 4.06 1.13 UnicoAmerican UNAM ... dd 1.19 –0.07 ... 33.45 21.29 UnionBankshares UNB 6.2 8 22.62 +0.50 .35 36.55 12.52 uniQure QURE ... dd 18.76 +1.46 ... 54.52 30.54 UnitedAirlines UAL ... dd 32.53 –0.54 ... 40.85 33.11 UnitedBkshrsWV UBSI 4.0 14 35.75 –0.81 .36 39.32 27.85 UtdCmtyBks UCBI 2.7 14 33.10 +0.25 .22 37.26 19.85 UnitedFire UFCS 2.2 11 28.73 –0.45 .16 26.09 11.32 UnitedGuardian UG 6.5 14 11.36 –0.88 .37 8.74 6.50 UnitedSecBcshrs UBFO 6.7 9 6.52 –0.18 .11 245.48 158.38 UnitedTherap UTHR ... 16 209.38 +1.76 ... 14.60 6.66 Uniti UNIT 8.6 9 6.95 –0.35 .15 31.37 23.00 UnityBancorp UNTY 1.8 7 25.11 –0.69 .11 3.64 0.39 UnityBiotech UBX ... dd .40 –0.01 ... 188.57 94.12 UnivDisplay OLED 1.3 25 94.35 –3.24 .30 50.53 18.18 UnivElectro UEIC ... dd 19.67 +0.41 ... 40.76 15.86 UnivLogistics ULH 1.3 7 31.72 +0.97 .105 10.79 6.52 UnivStainless USAP ... 21 7.12 +0.10 ... 2.55 0.50 UniversePharm UPC ... 2 .56 –0.02 ... 31.93 23.48 UnivestFin UVSP 3.6 10 23.48 –0.70 .21 11.44 2.68 UpFintech TIGR ... 70 3.29 +0.07 ... 34.70 7.88 UplandSoftware UPLD ... dd 8.13 +0.01 ... 401.49 20.22 Upstart UPST ... 23 20.79 –0.71 ... 61.90 13.29 Upwork UPWK ... dd 13.62 –0.10 ... 38.17 17.81 UrbanOutfitters URBN ... 9 19.65 –1.35 ... 19.66 4.85 UroGenPharma URGN ... dd 8.32 +0.39 ... 8.62 1.22 Usio USIO ... dd 1.30 +0.01 ... 133.87 80.10 UtahMedProducts UTMD 1.4 20 85.31 –0.04 .29 5.36 2.44 UTStarcom UTSI ... dd 3.64 +0.52 ... 2.84 0.36 Uxin UXIN ... dd .60 +0.02 ...

V

2.38 0.24 VEON VEON ... 1 .32 –0.05 ... 10.29 9.82 VMGConsumerA VMGA ... ... 10.03 +0.04 ... 19.66 3.51 VNET VNET ... dd 5.50 –0.30 ... 13.41 5.85 VOXX Intl VOXX ... dd 7.61 +0.84 ... 65.42 31.85 VSE VSEC 1.1 16 35.40 +1.10 .10

11.00 2.38 Vacasa VCSA ... dd 3.07 –0.01 ... 15.79 2.76 Vaccitech VACC ... ... 3.20 +0.13 ... 10.49 9.85 VahannaTechI A VHNA ... dd 10.06 –0.03 ... 15.10 10.01 ValleyNatlBncp VLY 4.1 11 10.80 –0.44 .11

67.84 9.77 Valneva VALN ... ... 10.10 –0.91 ... 10.65 9.97 ValuenceI A VMCA ... ... 10.17 –0.01 ... 21.44 9.24 VandaPharm VNDA ... 52 9.88 +0.21 ... 32.65 18.90 VarexImaging VREX ... 34 21.14 –0.26 ... 67.76 24.58 VaronisSystems VRNS ... dd 26.52 +0.15 ... 2.54 0.15 VascularBiogenics VBLT ... dd .16 ... ... 6.53 2.20 VastaPlatform VSTA ... dd 5.25 –0.25 ... 29.73 16.78 Vaxcyte PCVX ... dd 24.00 –0.84 ... 22.77 1.51 Vaxxinity VAXX ... dd 1.98 –0.13 ... 7.92 2.74 VectivBio VECT ... dd 6.00 +1.10 ...

32.40 17.23 VeecoInstr VECO ... 26 18.32 –0.26 ... 7.83 0.83 VelodyneLidar VLDR ... dd .95 –0.02 ... 41.29 9.50 VentyxBiosciences VTYX ... dd 34.91 +1.30 ... 2.55 0.29 VenusConcept VERO ... dd .44 +0.01 ... 11.13 2.88 VeraBradley VRA ... dd 3.01 –0.03 ... 37.11 12.29 VeraTherap VERA ... dd 21.31 –0.68 ... 54.13 14.85 Veracyte VCYT ... dd 16.60 +0.02 ... 3.30 0.85 Verastem VSTM ... dd .85 –0.07 ... 56.39 33.48 VerintSystems VRNT ... dd 33.58 –1.32 ... 257.03 155.25 VeriSign VRSN ... 24 173.70 ... ... 231.57 156.05 VeriskAnalytics VRSK .7 26 170.53 –4.67 .31 45.36 26.50 Veritex VBTX 3.0 10 26.59 –1.22 .20 37.14 5.34 Veritone VERI ... dd 5.63 –0.04 ... 14.69 3.41 VeronaPharma VRNA ... dd 10.22 +1.59 ... 13.64 1.77 VerricaPharm VRCA ... dd 2.92 +0.04 ... 13.32 6.98 VersaBank VBNK 1.1 11 6.98 –0.31.0191 22.28 9.44 Vertex VERX ... dd 13.67 +0.49 ... 305.95 176.36 VertexPharm VRTX ... 23 289.54 +6.09 ... 56.18 10.70 VerveTherap VERV ... dd 34.35 –0.74 ... 12.28 6.90 ViaRenewables VIA 10.5 9 6.91 –0.24.1813 13.93 4.09 ViantTech DSP ... dd 4.21 –0.02 ... 68.76 25.38 ViaSat VSAT ... dd 30.23 +0.67 ... 15.60 8.42 Viatris VTRS 5.6 14 8.52 –0.17 .12 18.14 12.65 ViaviSolutions VIAV ... cc 13.05 –0.19 ... 164.76 50.22 Vicor VICR ... 70 59.14 +0.39 ... 43.09 22.22 VictoryCapital VCTR 3.9 6 23.31 –1.26 .25 6.80 0.37 View VIEW ... dd 1.34 –0.04 ... 8.25 2.39 ViewRay VRAY ... dd 3.64 –0.05 ... 18.27 2.18 VigilNeurosci VIGL ... dd 9.10 +0.10 ... 7.05 2.02 VikingTherap VKTX ... dd 2.72 +0.06 ... 25.09 19.09 VillageSuper A VLGEA 5.2 12 19.33 –1.19 .25 35.62 3.86 Vimeo VMEO ... dd 4.00 –0.39 ... 14.57 8.75 VinciPartners VINP 6.8 15 10.27 –0.23 .17 12.38 2.68 VintageWineEstates VWE ... dd 2.77 –0.24 ... 5.39 1.09 ViomiTech VIOT ... dd 1.24 +0.10 ... 58.00 18.05 VirBiotech VIR ... 2 19.28 +0.69 ... 8.04 1.82 ViractaTherap VIRX ... dd 4.27 +0.22 ... 5.00 2.63 VircoMfg VIRC ... dd 4.26 –0.08 ... 11.28 2.59 VirginOrbit VORB ... dd 3.07 –0.21 ... 38.63 20.43 VirtuFinancial VIRT 4.6 6 20.77 –1.94 .24

338.80 158.99 VirtusInvtPtrs VRTS 4.1 8 159.52 –11.83 1.65 9.95 9.78 ViscogliosiBros VBOC ... dd 9.87 –0.06 ... 140.44 88.82 Visteon VC ... 37 106.06 –7.25 ... 18.61 7.51 VitaCoco COCO ... 49 11.39 –0.87 ... 20.17 7.89 VitalFarms VITL ... dd 11.97 +0.29 ... 21.69 11.30 Vitru VTRU ... 36 20.97 +1.63 ... 14.35 7.02 VividSeats SEAT .0 cc 7.66 +0.26 .23 19.05 11.18 Vodafone VOD 8.2 13 11.33 –0.64.4725 18.52 3.73 VorBiopharma VOR ... dd 3.98 –0.38 ... 10.60 2.46 VoyagerTherap VYGR ... dd 5.92 +0.35 ... 23.30 1.03 Vroom VRM ... dd 1.16 –0.11 ...

W

5.22 1.16 WaveLifeSci WVE ... dd 3.61 –0.30 ... 255.31 163.61 WD-40 WDFC 1.8 40 175.74 –6.17 .78 56.30 37.03 WSFS Financial WSFS 1.3 14 46.46 –1.91 .15 21.97 3.82 WW Intl WW ... 4 3.93 –0.47 ... 13.13 1.96 Wag! PET ... dd 2.05 –0.40 ... 55.00 31.23 WalgreensBoots WBA 6.1 5 31.40 –1.43 .48

30.99 7.60 WalkMe WKME ... dd 8.50 +0.07 ... 31.55 11.20 WarnerBrosA WBD ... dd 11.50 –0.29 ... 50.23 22.75 WarnerMusic WMG 2.8 28 23.21 –1.83 .16 38.06 29.46 WashingtonFederal WAFD 3.2 10 29.98 –0.57 .24 60.96 45.60 WashTrBcp WASH 4.6 11 46.48 –2.72 .54 22.74 15.70 WaterstoneFinl WSBF 5.0 9 16.16 –0.84 .20 39.45 24.65 WaysideTech WSTG 2.5 10 26.88 –0.12 .17 40.16 16.96 WeatherfordIntl WFRD ... dd 32.29 +3.44 ... 52.05 16.00 Weibo WB ... 16 17.10 –0.38 ... 19.90 0.96 Wejo WEJO ... dd 1.09 +0.07 ... 10.01 9.72 WelsbachTech WTMA ... ... 9.99 ... ... 0.30 0.02 WelsbachTechRt WTMAR ... ... .03 –0.01 ... 24.48 15.77 Wendy's WEN 2.6 23 18.69 –0.38 .125 18.22 3.42 WerewolfTherap HOWL ... dd 4.51 –0.51 ... 48.79 36.29 WernerEnterprises WERN 1.4 9 37.60 –0.66 .13 38.37 29.50 WesBanco WSBC 4.1 12 33.37 –1.53 .34 34.50 20.39 WestBancorp WTBA 4.8 7 20.81 +0.06 .25 63.43 52.27 WestamericaBncp WABC 3.2 15 52.29 –3.00 .42 10.00 9.87 WesternAcqn WAVS ... dd 9.96 –0.02 ... 69.36 31.56 WesternDigital WDC ... 7 32.55 –1.29 ...

9.98 7.13 WestNewEngBncp WNEB 3.0 8 8.13 –0.02 .06 3.97 0.87 WestportFuelSys WPRT ... dd .87 –0.06 ... 14.40 9.52 WestrockCoffee WEST ... dd 10.33 +0.16 ... 32.45 20.22 WeycoGroup WEYS 4.7 8 20.34 –0.61 .24 43.22 14.30 Willdan WLDN ... dd 14.81 –1.71 ... 43.38 30.22 WillisLease WLFC ... dd 32.74 –1.42 ... 249.70 187.89 WillisTowers WTW 1.6 7 200.94 +0.60 .82 5.78 1.51 WiMiHologram WIMI ... dd 1.54 –0.14 ... 178.68 67.67 Wingstop WING .6 94 125.42 +0.17 .19 277.99 183.94 Winmark WINA 1.3 20 216.34 –1.84 .70

105.56 76.13 WintrustFin WTFC 1.7 12 81.55 –0.91 .34 6.92 4.68 WisdomTreeInvs WETF 2.6 73 4.68 –0.08 .03 13.70 1.41 WISeKey WKEY ... dd 1.55 +0.05 ... 207.00 53.12 Wix.com WIX ... dd 78.23 +5.56 ... 129.12 79.26 Woodward WWD .9 31 80.26 –2.64 .19 307.81 134.10 Workday WDAY ... dd 152.22 +0.98 ... 265.75 89.25 WorldAcceptance WRLD ... 22 96.82 +0.60 ... 10.00 9.70 WorldwideWebbA WWAC ... 41 10.00 +0.03 ... 99.00 50.20 WynnResorts WYNN ... dd 63.03 +3.38 ...

XYZ

32.09 15.68 XOMA XOMA ... 59 17.91 +0.91 ... 42.80 16.97 XP XP ... 16 19.01 –0.12 ... 16.47 3.55 XBiotech XBIT ... dd 3.62 –0.10 ... 2.25 0.89 XcelBrands XELB ... dd .95 –0.06 ... 77.66 61.61 XcelEnergy XEL 3.0 21 64.00 –7.56.4875 43.61 19.36 Xencor XNCR ... 77 25.98 +1.02 ... 41.39 15.29 XenonPharms XENE ... dd 36.10 +0.57 ... 3.17 1.25 XerisBiopharma XERS ... dd 1.56 +0.02 ... 24.14 13.06 Xerox XRX 7.6 dd 13.08 –1.25 .25

27.95 2.01 XilioTherap XLO ... dd 2.91 –0.09 ... 64.35 26.61 Xometry XMTR ... dd 56.79 –3.26 ... 5.67 1.20 Xos XOS ... 10 1.20 –0.16 ... 20.72 13.39 Xperi XPER 1.4 dd 14.14 –0.22 .05 3.40 1.08 Xunlei XNET ... 16 1.39 –0.04 ... 29.53 6.50 Y-mAbsTherap YMAB ... dd 14.42 +0.46 ... 15.24 2.82 Yellow YELL ... dd 5.07 +0.22 ... 49.89 37.52 YorkWater YORW 2.0 29 38.43 –3.33.1949 9.90 9.80 YottaAcqn YOTA ... ... 9.89 ... ... 0.12 0.06 YottaAcqnRt YOTAR ... ... .06 –0.01 ... 1.42 0.50 Yunji YJ ... 20 .82 –0.03 ... 107.98 22.51 ZaiLab ZLAB ... dd 34.20 –2.80 ... 32.94 9.93 ZealandPharma ZEAL ... dd 17.59 +0.97 ... 615.00 261.63 ZebraTech ZBRA ... 28 262.01 –6.03 ... 87.19 17.33 ZentalisPharm ZNTL ... dd 21.66 +0.95 ... 15.73 3.26 ZeroFox ZFOX ... 12 6.10 –1.34 ... 135.00 67.76 ZiffDavis ZD ... 9 68.48 –2.84 ... 105.85 28.46 Zillow A ZG ... dd 28.63 –0.91 ... 104.05 28.42 Zillow C Z ... dd 28.61 –0.90 ... 10.26 9.63 ZimmerEnerA ZT ... 17 9.76 +0.01 ... 50.40 9.09 ZimVie ZIMV ... ... 9.87 –0.43 ... 75.44 47.92 ZionsBancorp ZION 3.2 10 50.86 –3.66 .41 291.31 72.96 ZoomVideo ZM ... 23 73.59 –0.86 ... 79.17 30.31 ZoomInfoTech ZI ... cc 41.66 +1.62 ...

2.48 0.14 Zovio ZVO ... dd .14 –0.01 ... 376.11 125.12 Zscaler ZS ... dd 164.37 +5.68 ... 55.10 20.78 Zumiez ZUMZ ... 7 21.53 –0.35 ... 14.43 1.10 Zymergen ZY ... dd 2.78 +0.32 ... 4.36 0.73 ZynerbaPharma ZYNE ... dd .73 –0.14 ... 14.24 4.97 Zynex ZYXI .0 19 9.07 +0.68 .10

Amsterdam AEX 640.62 +0.21 –157.31 –19.71

Athens General 792.90 –0.65 –100.44 –11.24

Bangkok SET 1589.51 –2.59 –68.11 –4.11

Bombay Sensex 57426 –1.16 –826.90 –1.42

Brussels Bel-20 3370.21 –1.48 –939.94 –21.81

Buenos Aires Merval 139115 –2.67 +55614 +66.60

Copenhagen OMX 20 1526.61 –0.14 –337.37 –18.10

Dublin ISEQ 6172.22 –4.21 –2272.30 –26.91

EURO STOXX SXXE 364.62 –0.98 –114.22 –23.85

EURO STOXX 50 SXSE 3318.20 –0.91 –980.21 –22.80

Frankfurt DAX 12114 –1.38 –3770.50 –23.74

Helsinki OMHX 9934.81 –0.33 –2927.61 –22.76

Hong Kong Hang Seng 17222 –3.96 –6174.84 –26.39

Istanbul IMKB 3179.99 –3.10 +1322.34 +71.18

Jakarta Composite 7040.80 –1.92 +459.32 +6.98

Johannesburg All Share 63726 +0.49 –9983.02 –13.54

Kuala Lumpur Composite 1394.63 –2.13 –172.89 –11.03

LISBON PSI 4159.09 –4.83 –25.09 –0.60

London FTSE - 100 6893.81 –1.78 –490.73 –6.65

Madrid IBEX 35 7366.81 –2.86 –1346.99 –15.46

Manila Composite 5741.07 –8.28 –1381.56 –19.40

Mexico City IPC 44626 –1.69 –8645.64 –16.23

Milan FTSE All Share 22114 –3.30 –7827.54 –26.14

Moscow RTS 1055.72 –7.54 –540.04 –33.84

Oslo Composite 1274.14 –0.09 –33.55 –2.57

Paris CAC 5762.34 –0.36 –1390.69 –19.44

Santiago Selective 3140.31 –1.79 +334.14 +11.91

Sao Paulo Bovespa 110036 –1.50 +5214.35 +4.97

Seoul Composite 2155.49 –5.87 –822.16 –27.61

Shanghai Composite 3024.39 –2.07 –615.38 –16.91

Shenzhen B Share Idx 1136.38 –2.59 –37.42 –3.19

Singapore FTSE STI 3130.24 –3.00 +6.56 +0.21

Stockholm OMXS 706.20 +0.54 –330.93 –31.91

STOXX Europe 50 SXSP 3331.81 –0.14 –486.65 –12.74

STOXX Europe 600 SXXP 387.85 –0.65 –99.95 –20.49

Sydney S&P/ASX 200 6474.20 –1.53 –970.44 –13.04

Taipel Weighted 13424 –4.91 –4794.26 –26.31

Tel Aviv 125 Index 1918.26 –3.75 –138.25 –6.72

Tokyo Nikkei-225 25937 –4.48 –2854.50 –9.91

Toronto S&P/TSX 18444 –0.20 –2778.62 –13.09

Vienna ATX 2691.95 –1.45 –1169.11 –30.28

Wellington S&P/NZX 50 11065 –3.23 –1968.06 –15.10

Zurich Swiss 10267 +1.28 –2608.11 –20.26

Europe

-0.73% S&P Europe BMI

Switzerland 1.17

Sweden 0.81

-0.25 France

-0.39 Denmark

-0.43 Netherlands

-0.49 Finland

-1.04 Norway

-1.36 Germany

-1.51 Belgium

-1.56 Greece

-1.74 Italy

-2.21 U.K.

-3.01 Spain

Indexes based on S&P Global Broad Market Indices

Asia

-3.48% S&P Pan Asia BMI

-1.45 India

-1.69 Australia

-1.99 Indonesia

Malaysia -2.08

-2.41 Singapore

-2.58 Thailand

-2.61 China

-3.37 New Zealand

-4.19 Japan

-5.26 Taiwan

-5.43 Hong Kong

-5.69 South Korea

-7.95 Philippines

Source: S&P DJ Indices

Indexes are based on local currencies. Because of various holidays and other market closings, the most

recent close is not necessarily that of the week of publication.

Key Foreign Stock Market Indexes Most Recent Week’s Year-to-Date

Close %Chg. Chg. % Chg.

Most Recent Week’s Year-to-Date

Close %Chg. Chg. % Chg.

Uneasy Street: The Bank of England’s bond market intervention Wednesday halted a local panic, but soured world markets.

In the Red: A strong dollar and weak global economy made

September the worst month for Asian stocks since Covid’s start.

52-Week Tick Div

High Low Name Sym Yld P/E Last Chg. Amt.

52-Week Tick Div

High Low Name Sym Yld P/E Last Chg. Amt.

52-Week Tick Div

High Low Name Sym Yld P/E Last Chg. Amt.

52-Week Tick Div

High Low Name Sym Yld P/E Last Chg. Amt.

52-Week Tick Div

High Low Name Sym Yld P/E Last Chg. Amt.

DATA NASDAQ ISSUES FOREIGN MARKETS

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:41

October 3, 2022 BARRON’S 41

DATA TOP 500 EXCHANGE-TRADED PORTFOLIOS BARRONS.COM/DATA

Tick Div

Name Sym Yld Last Chg. Amt.

DirexS&P500Br1 SPDN .1 17.88 +0.52 .0251

DirexHiBetaBear3X HIBS ... 11.81 +0.83 ...

DirexHiBetaBull3X HIBL ... 20.65 –2.01 ...

DirexS&POil&GasBr2 DRIP ... 19.02 –2.48 ...

DirexS&POilBl2 GUSH .5 128.17 +12.10 .5792

DirexSemiBr3x SOXS ... 70.73 +7.73 ...

DirexSemiBl3 SOXL .9 8.86 –1.17 .0399

DirexScBear3 TZA ... 46.02 +0.71 ...

DirexSCBull3 TNA .2 28.81 –0.91 .0504

DirexTechBear3 TECS ... 55.58 +6.26 ...

DirexTechBull3 TECL ... 21.48 –2.93 ...

Direx20+TreaBr3 TMV ... 133.65 +10.31 ...

Direx20+YrTrBull TMF .9 8.57 –0.93 .0357

DoubleLineShill CAPE 1.3 20.00 –0.71 .0638

ETFMGAltHarvest MJ 4.0 4.59 –0.15 .04

ETFMGPrmJrSilv SILJ .5 9.12 +0.80 .0449

EnSelSectorSPDR XLE 4.2 72.02 +1.54 .8462

FidelityMSCIEn FENY 3.7 19.86 +0.48 .229

FidelityRealEst FREL 4.0 23.92 –0.97 .283

FidelityMSCIUtils FUTY 3.0 42.22 –3.91 .346

FidelityTotalBd FBND 2.6 44.43 –0.63 .129

FinSelSectorSPDR XLF ... 30.36 –0.69 ...

FT DJ Internet FDN ... 126.22 –0.20 ...

FT EnergyAlpDx FXN 2.1 15.61 +0.46 .1033

FTInstPfdSecs FPEI 5.3 17.15 –0.65 .0826

FT MngstrDiv FDL 4.2 32.13 –0.93 .4022

FT NaturalGas FCG 2.8 22.84 +0.82 .2178

FT NA Energy Infra EMLP 3.3 24.88 –0.91 .2449

FT PfdSecs FPE 5.5 16.70 –0.37 .0842

FT ShDurMgMun FSMB 1.3 19.50 –0.06 .025

FT TCWUnPlBd UCON 2.3 23.82 –0.34 .085

FT ValDivFd FVD 2.2 35.79 –1.38 .2022

FlexGlbUpstmNatRsc GUNR 5.2 37.59 +0.31 .583

FlexiBx3YDurTIPS TDTT 7.6 23.38 –0.24 .305

FrankFTSE UK FLGB 4.1 19.57 –0.04 .4867

FrankUSEquity USPX 3.7 31.21 –0.83 .0145

GlbXCopperMiners COPX 3.9 28.26 +0.75 .7179

GlbXLithium&Batt LIT .3 66.09 –3.04 .0622

GlbXRuss2000Cvr RYLD 13.3 18.43 –0.12 .1955

GlbXS&P500Cv XYLD 13.5 38.11 –0.89 .4046

GlbXSilverMiners SIL 2.0 24.11 +1.89 .0717

GlblX SuperDiv SDIV 16.0 7.54 –0.54 .095

GlbX US Pfd PFFD 6.3 20.51 +0.15 .105

GlbX Uranium URA 7.1 19.82 +0.54 .1031

GSTreasury0-1Y GBIL .4 99.85 +0.06 .1459

GSActiveBetaIntlEq GSIE 3.4 24.75 –0.46 .1118

GSActiveBetaUSLC GSLC 1.7 71.02 –2.21 .2846

GraniteGold BAR ... 16.47 +0.18 ...

HealthCareSelSect XLV 1.6 121.11 –1.62 .5058

iMGPDBiMgdFutures DBMF 4.4 33.94 +0.10 2.6772

IndSelSectorSPDR XLI 1.8 82.84 –1.91 .425

InvscCA AMT-Fr PWZ 2.5 23.17 –0.28 .0508

InvscDBComm DBC ... 23.91 –0.10 ...

InvscDBAgriFd DBA ... 20.02 –0.24 ...

InvscDBOilFund DBO ... 15.18 +0.01 ...

InvscDBUSDBull UUP ... 30.15 –0.17 ...

Tick Div

Name Sym Yld Last Chg. Amt.

SPDRPtfAggBd SPAB 2.5 24.95 –0.25 .0532

SPDRPtfDevxUS SPDW 4.6 25.80 –0.43 .5851

SPDRPtfEM SPEM 4.5 31.04 –0.82 .4585

SPDR PtfHYBd SPHY 6.2 21.82 –0.18 .1286

SPDRPtfIntermCpBd SPIB 2.2 31.32 –0.31 .0787

SPDR PtfIntTrea SPTI 1.0 28.13 –0.13 .0354

SPDRPtfLTCorpBd SPLB 4.5 21.75 –0.79 .0853

SPDRPtfLgTermTrea SPTL 2.5 29.64 –0.91 .0696

SPDRPtfMtgBkdBd SPMB 3.0 21.45 –0.15 .0531

SPDRS&P500Value SPYV 2.6 34.49 –0.95 .2216

SPDRPtfS&P1500 SPTM 1.8 44.11 –1.20 .2028

SPDRPtfS&P500 SPLG 1.8 41.99 –1.24 .1934

SPDRS&P500Growth SPYG 1.0 50.10 –1.57 .1343

SPDRS&P500HiDiv SPYD 4.5 35.47 –1.46 .4184

SPDRPtfS&P400MC SPMD 1.6 38.56 –0.59 .1969

SPDRPtfS&P600SC SPSM 1.9 34.06 –0.40 .147

SPDRPtfSTCpBd SPSB 1.3 29.22 –0.08 .0532

SPDRShtTermTrea SPTS .6 28.91 ... .031

SPDR PtfTIPS SPIP 8.3 25.36 –0.65 .3502

SPDR S&P500MidGr MDYG .9 60.35 –0.21 .2062

SPDR S&P400 MCV MDYV 2.2 57.82 –1.42 .3202

SPDRS&PBank KBE 2.9 44.29 –1.20 .2965

SPDRS&PInsurance KIE 2.0 36.17 –0.12 .1748

SPDRS&PRegionalBkg KRE 2.5 58.88 –1.42 .3683

SchwabEM Equity SCHE 3.2 22.40 –0.62 .0754

SchwabFundEmgLrg FNDE 6.0 23.44 –0.93 1.1302

SchwabFundIntLrgCo FNDF 4.6 25.15 –0.62 .2833

SchwabFundIntlSmCo FNDC 3.3 27.19 –0.59 .1287

SchwabFundUSLrgCo FNDX 2.3 47.76 –1.39 .277

SchwabFundUSSmCo FNDA 1.7 42.52 –0.88 .1731

SchwabIntmUSTrsr SCHR 1.5 49.14 –0.22 .1061

SchwabIntEquity SCHF 4.2 28.13 –0.48 .276

SchwabIntlSC SCHC 3.7 27.75 –0.57 1.0061

SchwabSrtTRmUSTrsr SCHO .7 48.26 +0.01 .07

SchwabUS AggrBd SCHZ 2.5 45.31 –0.44 .1004

SchwabUS BrdMkt SCHB 1.7 41.99 –1.12 .1869

SchwabUS Div SCHD 3.7 66.43 –1.64 .6367

SchwabUS LC SCHX 1.8 42.35 –1.17 .1889

SchwabUS LC Grw SCHG .6 55.81 –1.55 .0786

SchwabUS LC Val SCHV 2.6 58.51 –1.70 .4005

SchwabUS MC SCHM 1.8 60.53 –1.06 .2805

SchwabUS REIT SCHH 2.6 18.69 –0.73 .1467

SchwabUS SC SCHA 1.6 37.80 –0.46 .1307

Schwab US TIPs SCHP 7.3 51.80 –1.31 .3018

SPDR DJIA Tr DIA 2.2 287.30 –8.56 .8231

SPDR EurSTOXX FEZ 5.2 30.76 –0.42 .1674

SPDR MSCI exUS CWI 4.1 21.21 –0.37 .4136

SPDR S&PMdCpTr MDY 1.5 401.66 –6.21 1.8283

SPDR S&P 500 SPY 1.7 357.18 –10.77 1.5964

SPDR S&P Biotch XBI ... 79.32 +2.67 ...

SPDR S&P Div SDY 2.9 111.50 –4.00 .7706

SPDR S&P Home XHB 1.1 54.69 –0.67 .149

SPDR S&P MtlMng XME 1.3 42.49 +0.90 .1997

SPDRS&POilGasExpl XOP 2.3 124.72 +6.11 1.1547

SPDR S&P Retail XRT 3.0 56.44 –1.94 .3428

TechSelectSector XLK 1.0 118.78 –4.96 .3167

TeucriumWheatFd WEAT ... 9.15 +0.33 ...

U.S.GlobalJetsETF JETS .0 15.01 –0.45 .1414

UtilitiesSelSector XLU 3.1 65.51 –6.25 .5014

VanEckGoldMin GDX 2.2 24.12 +1.68 .5348

VanEck IG FR FLTR 1.1 24.84 –0.16 .0658

VanEckJPMEMLCBd EMLC 6.1 22.80 –0.48 .1212

VanEckJrGoldMin GDXJ 2.5 29.46 +2.45 .7454

VanEckMerkGoldTr OUNZ ... 16.13 +0.18 ...

VanEckOilSvcs OIH .9 211.21 +7.24 1.8075

VangdCnsmrStpls VDC 2.5 171.79 –7.62 1.1485

VangdExtMkt VXF 1.3 127.11 –1.40 .4543

VangdInfoTech VGT .9 307.37 –11.95 .7639

VangdSC Val VBR 2.3 143.40 –3.07 .7714

VangdDivApp VIG 2.1 135.16 –3.89 .715

VangdEnergy VDE 3.9 101.58 +1.28 1.2365

VangdExDurTreas EDV 3.1 86.71 –3.91 .7059

VangdAWxUSSC VSS 3.3 92.81 –2.25 .1596

VangdFTSEDevMk VEA 4.1 36.36 –0.64 .1196

VangdFTSE EM VWO 4.0 36.49 –1.03 .5294

VangdFTSE Europe VGK 4.5 46.15 –0.36 .2176

VangdFTSE Pac VPL 3.9 57.44 –1.72 .149

VangdFinls VFH 2.4 74.44 –2.33 .4709

VangdFTSEAWxUS VEU 4.0 44.36 –0.84 .2613

VangdGrowth VUG .7 213.95 –6.45 .4296

VangdHiDiv VYM 3.4 94.88 –2.88 .7672

VangdIntermBd BIV 2.3 73.48 –0.79 .1482

VangdLC VV 1.7 163.56 –4.67 .718

VangdLT Bond BLV 4.0 71.95 –2.36 .2442

VangdMC VO 1.6 187.98 –4.30 .8051

VangdMC Val VOE 2.3 121.77 –4.02 .7041

VangdRealEst VNQ 3.9 80.17 –3.27 .9164

VangdS&P500ETF VOO 1.8 328.30 –11.33 1.4692

VangdST Bond BSV 1.3 74.82 –0.16 .0976

VangdSC VB 1.7 170.91 –2.36 .6654

VangdTaxExemptBd VTEB 1.9 48.14 –0.35 .0931

VangdTotalStk VTI 1.7 179.47 –4.79 .7955

VangdTotWrldStk VT 2.6 78.88 –1.95 .4026

VangdUtilities VPU 3.1 142.26 –14.53 1.2829

VangdValue VTV 2.7 123.48 –3.27 .864

WisdTrUSDBull USDU ... 29.78 –0.09 ...

WisdTrEMxSOE XSOE 2.9 24.62 –1.00 .225

WisdTrEM HiDiv DEM 10.4 32.53 –2.55 1.51

WisdTrFRTrea USFR .8 50.28 –0.10 .12

WisdTrUSLCDivFd DLN 2.8 55.26 –1.88 .175

XtrkrsHarvCSI300 ASHR 1.3 27.09 –0.20 .3453

XtrkIntlRealEst HAUZ 3.3 19.46 –0.59 .1682

XtrkrsMSCIHiDiv HDEF 6.8 18.18 –0.35 .2491

XtrkrsMSCIEAFE DBEF 2.2 33.48 –0.52 .50

XtrkrsUSDHYCpBd HYLB 5.4 32.74 –0.33 .1787

Tick Div

Name Sym Yld Last Chg. Amt.

Bats

ARKGenomicRev ARKG .0 32.87 +0.73 .3824

BlkRkShMaturityBd NEAR 1.0 49.26 –0.01 .0825

BlkRkUltShtBd ICSH .8 50.01 +0.01 .0922

CambriaTailRisk TAIL 1.1 16.85 +0.31 .0739

DimenIntlCore2 DFIC 2.1 19.16 –0.32 .0964

DimenIntlHiProf DIHP 2.8 19.07 –0.18 .1418

DimenIntlSCValue DISV 1.7 18.56 –0.39 .085

GlbXUSInfrDevt PAVE .7 23.06 –0.20 .0806

GS PhysGold AAAU ... 16.50 +0.19 ...

InnovS&P500BuffO BOCT ... 29.90 –0.73 ...

InnovS&P500PwrO POCT ... 28.63 –0.15 ...

iPathS&P500VIX VXX ... 21.21 +1.39 ...

iShBrdUSDHYCpBd USHY 6.1 33.62 –0.38 .1932

iShCoreMSCIEAFE IEFA 5.2 52.67 –0.84 1.3319

iShCurrHdgMSCIEAFE HEFA 4.6 29.89 –0.50 .7843

iShIntlSelDiv IDV 8.5 22.53 –1.37 .6098

iShUSHomeConstrn ITB .9 52.04 –1.13 .1489

iShUSTelecomm IYZ 2.4 20.88 –0.91 .0979

iShEdgeMSCIMinEAFE EFAV 3.1 57.01 –0.71 1.1093

iShEdgeMSCIMinVlEM EEMV 2.2 50.68 –0.78 .2704

iShEdgeMSCIMinUSA USMV 1.6 66.10 –2.16 .3325

iShEdgeMSCIUSAMom MTUM 1.7 131.18 –3.41 1.0275

iShEdgeMSCIUSAQual QUAL 1.7 103.94 –3.35 .5296

iShEdgeMSCIUSAVal VLUE 3.6 81.86 –3.14 .7638

iShExpTechSftwr IGV .0 250.13 –2.15 .0234

iShFloatingRateBd FLOT .8 50.27 –0.18 .1075

iShMSCIChileCap ECH 7.9 24.00 –0.53 1.1345

iShMSCIEurozone EZU 5.2 31.98 –0.42 .9278

iShMSCIEAFEGrowth EFG 2.3 72.56 –0.49 .882

iShMSCIIndiaETF INDA 7.1 40.78 –0.80 .0301

iShMSCIEAFEValue EFV 6.6 38.53 –0.99 1.3785

iShMtgRealEst REM 12.5 20.94 –4.13 .6818

iShNorthAmNatRscs IGE 3.2 34.76 +0.27 .4174

iShUSTreasuryBd GOVT 1.4 22.76 –0.17 .0356

JPMBetaEurope BBEU 6.4 40.31 –0.35 .3547

JPMBetaIntl BBIN 5.1 42.31 –0.59 .1659

JPMBetaJapan BBJP 3.9 40.83 –1.05 1.5902

JPMUltShMuni JMST .6 50.30 –0.03 .0636

-1xShVIXFutures SVIX ... 10.31 –0.53 ...

PacerUSCashCows100 COWZ 2.1 41.02 +0.19 .2244

ProShS&P500Arist NOBL 2.2 79.96 –2.54 .4032

ProShShtVIXST SVXY ... 48.59 –1.44 ...

ProShUltVIXST UVXY ... 12.85 +1.02 ...

ProShsVIXSTFut VIXY ... 17.10 +0.95 ...

2xLongVIXFut UVIX ... 13.97 +1.45 ...

VanEckAMTFrIntMuni ITM 1.9 43.54 –0.55 .0736

VanEckHYMuni HYD 4.1 49.93 –0.76 .1579

VanEckMstrWdMoat MOAT 1.4 59.99 –0.76 .8227

VanEckVietnam VNM .8 13.30 –0.75 .1031

VangdUltShrtBd VUSB .8 48.95 –0.01 .0765

NASDAQ

AXSShInnovDly SARK ... 61.87 –0.22 ...

AXSTSLABrDly TSLQ ... 42.43 +1.33 ...

AXS2XInnovation TARK ... 13.81 –0.09 ...

DirexTSLABl1.5x TSLL .1 21.39 –1.31 .0147

FidelityNasdaq ONEQ .9 41.44 –1.13 .10

FT CapStrength FTCS 1.4 66.42 –1.37 .2563

FT CloudComp SKYY 1.3 60.41 –0.27 .0113

FT MultAsstDiv MDIV 6.9 14.44 –0.32 .1173

FT EnhShtMat FTSM .7 59.32 –0.12 .11

FT GlTactCommod FTGC 6.6 25.34 –0.22 .0073

FT LowDurOpp LMBS 2.0 47.35 –0.34 .0775

FT NasdCybersec CIBR .8 38.51 –0.08 .0033

FTRisingDivAch RDVY 2.0 38.88 –0.87 .2178

FT SrLoanFd FTSL 4.1 44.07 –0.42 .21

FT TCW Opp FIXD 2.4 43.54 –0.48 .16

FT TacticalHY HYLS 7.6 38.32 –0.63 .225

GlbXNasd100Cv QYLD 13.5 15.66 –0.26 .1653

GlbX Robotics&AI BOTZ .3 18.08 –0.24 .0466

InvscActMgdETC PDBC 44.2 16.18 –0.04 1.7574

InvscBS25CpBd BSCP 2.0 19.95 –0.07 .041

InvscBS24CpBd BSCO 2.0 20.39 –0.04 .0401

InvscBS26CpBd BSCQ 2.3 18.64 –0.13 .0423

InvscBS23CpBd BSCN 1.4 20.87 +0.01 .0265

InvscBS22CpBd BSCM 1.5 21.18 –0.01 .0301

InvscBS22HYCpBd BSJM 2.7 21.97 –0.05 .046

InvscHYEquDivAch PEY 4.5 18.59 –0.89 .0672

InvscKBWBank KBWB 3.4 49.12 –1.51 .3808

InvscNasd100 QQQM .7 109.95 –3.45 .2454

InvscQQQI QQQ .7 267.26 –8.25 .5186

iSh3-7YTreasuryBd IEI 1.0 114.28 –0.38 .1523

iShBiotech IBB .3 116.96 +1.64 .1586

iShBrdUSDInvCpBd USIG 3.0 48.05 –0.93 .134

iShCoreMSCITotInt IXUS 4.5 50.92 –1.02 .9481

iShCore1-5YUSDBd ISTB 1.8 46.10 –0.14 .0803

iShCoreS&PUSGrowth IUSG 1.0 80.18 –2.66 .2521

iShCoreS&PUSValue IUSV 2.4 62.61 –2.16 .4617

iShCoreTotalUSDBd IUSB 2.2 44.50 –0.42 .0994

iShSelectDividend DVY 3.7 107.22 –6.02 1.3458

iShESGAwareMSCI ESGD 4.5 56.13 –0.83 1.396

iShESGAwareEM ESGE 4.0 27.67 –0.98 .2762

iShESGAwareUSA ESGU 1.6 79.41 –2.70 .3948

iShESGUSDCorpBd SUSC 2.8 21.78 –0.43 .0584

iShFallAngelsUSDBd FALN 4.7 23.90 –0.27 .1026

iSh5-10YIGCorpBd IGIB 2.9 48.28 –0.77 .1287

iShGSCICmDynRoll COMT 15.4 35.72 –0.14 5.4941

iShGlbCleanEner ICLN 1.4 19.09 –0.93 .1403

NOTICE TO READERS: Listed are

the top 500 ETF’s based on weekly

volume.

Tick Div

Name Sym Yld Last Chg. Amt.

InvscEMSovDebt PCY 7.7 16.94 –0.78 .0918

InvscFinlPfd PGF 5.7 15.04 +0.09 .0708

InvscFTSERAFIEM PXH 7.9 16.18 –0.53 .3887

InvscNatAMTFrMuni PZA 2.8 22.08 –0.33 .0518

InvscPreferred PGX 6.9 11.88 +0.08 .0593

InvscS&PEMLowVol EELV 5.6 20.99 –0.67 .3136

InvscS&P500EW RSP 1.9 127.28 –3.20 .6302

InvscS&P500HiBeta SPHB .9 57.39 –1.65 .0712

InvscS&P500HiDiv SPHD 4.3 39.11 –1.73 .1413

InvscS&P500LowVol SPLV 2.2 57.83 –2.83 .114

InvscS&P500PrVal RPV 2.4 69.84 –1.52 .5128

InvscS&P500Qual SPHQ 1.9 39.74 –0.93 .2067

InvscSrLoan BKLN 3.8 20.19 –0.20 .0866

InvscSolar TAN ... 73.61 –2.09 ...

InvscTaxMuniBd BAB 3.4 25.65 –0.47 .0741

InvscUltShtDur GSY .9 49.39 –0.03 .0938

InvscVarRtPfd VRP 5.3 21.90 –0.37 .0896

iSh0-5YTIPSBd STIP 6.9 96.11 –0.88 1.2508

iShCalifMuniBd CMF 1.9 54.22 –0.72 .089

iShChinaLC FXI 2.2 25.86 –0.75 .1459

iShCoreDivGrowth DGRO 2.6 44.47 –1.77 .3423

iShCoreHiDividend HDV 4.0 91.29 –3.86 1.2312

iShCoreMSCIEM IEMG 4.6 42.98 –1.39 .6044

iShCoreMSCIEurope IEUR 4.8 39.54 –0.27 1.1109

iShMSCIIntlDev IDEV 4.9 48.31 –0.69 1.1738

iShCoreS&P500 IVV 1.7 358.65 –12.77 1.9059

iShCoreS&P MC IJH 1.8 219.26 –4.87 1.3504

iShCoreS&P SC IJR 1.9 87.19 –1.66 .4547

iShCoreS&PTotUS ITOT 1.7 79.54 –2.47 .405

iShCoreUSAggBd AGG 2.2 96.34 –0.86 .2045

iShCoreUS REIT USRT 3.7 47.50 –2.43 .636

iShUSRealEstate IYR 3.4 81.42 –4.38 .8926

iShUS Energy IYE 3.6 39.31 +0.31 .484

iShUSOilEquip&Svcs IEZ .9 14.40 +0.40 .0355

iShUSMedDevices IHI .5 47.18 –0.89 .1097

iShEuropeETF IEV 4.9 37.76 –0.24 1.184

iShGlobalEnergy IXC 4.3 33.33 +0.54 .7607

iShGlbHlthcr IXJ 1.4 75.35 –0.63 .5506

iShGlobalREITETF REET 4.2 21.27 –0.98 .2813

iShGlobalTech IXN .8 42.18 –1.82 .1754

iShGoldTr IAU ... 31.53 +0.35 ...

iShiBdsDec25Cp IBDQ 2.0 24.13 –0.09 .0463

iShiBdsDec24Cp IBDP 1.9 24.35 –0.05 .0436

iShiBdsDec26Cp IBDR 2.3 23.10 –0.11 .047

iShiBdsDec23Cp IBDO 1.7 24.95 –0.02 .0394

iShiBdsDec22Cp IBDN 1.5 25.03 +0.02 .0384

iShiBoxx$HYCpBd HYG 5.2 71.39 –0.74 .366

iShiBoxx$InvGrCpBd LQD 3.1 102.45 –2.36 .3043

iShIntlEquity INTF 6.7 20.94 –0.40 .5326

iShLatinAmer40 ILF 11.4 23.72 –0.67 1.0981

iShMSCIAustralia EWA 8.3 19.62 –0.33 .7434

iShMSCIBrazil EWZ 12.3 29.63 –1.11 1.4991

iShMSCICanada EWC 2.5 30.76 –0.54 .276

iShMSCI EAFE EFA 5.4 56.01 –0.75 1.4976

iShMSCIEmgMarkets EEM 3.1 34.88 –1.10 .3619

iShMSCIFrance EWQ 7.4 26.80 –0.20 .9483

Tick Div

Name Sym Yld Last Chg. Amt.

iShMSCIGermany EWG 4.2 19.74 –0.32 .7919

iShMSCIHongKong EWH 3.3 18.24 –1.07 .3303

iShMSCIIndonesia EIDO 2.1 23.32 –0.62 .3354

iShMSCIIntlQual IQLT 4.0 27.78 –0.16 .7128

iShMSCIIntlValue IVLU 5.4 19.75 –0.53 .5335

iShMSCIItaly EWI 5.9 21.50 –0.42 .8162

iShMSCIJapan EWJ 2.9 48.85 –1.19 .5459

iShMSCIMexico EWW 3.2 44.23 –0.69 .7535

iShMSCIPacificxJp EPP 7.3 37.52 –1.04 1.1597

iShMSCISaudiArabia KSA 1.5 41.00 +0.35 .3292

iShMSCISthKorea EWY 3.5 47.36 –3.21 1.6785

iShMSCISpain EWP 4.1 19.82 –0.76 .3723

iShMSCISweden EWD 8.8 27.25 +0.32 .9925

iShMSCISwitz EWL 2.3 37.45 –0.21 .8573

iShMSCITaiwan EWT 3.2 43.10 –1.97 1.7603

iShMSCIUK EWU 5.6 26.21 –0.04 .5803

iShNatlMuniBd MUB 2.0 102.58 –0.78 .1985

iShRussell1000Gwth IWF .8 210.40 –6.82 .5826

iShRussell1000Val IWD 2.2 135.99 –4.34 .9327

iShRussell2000Gwth IWO .7 206.59 +0.76 .6314

iShRussell2000 IWM 1.5 164.92 –2.39 .8614

iShRussell2000Val IWN 2.3 128.93 –4.05 .9077

iShRussellMid-Cap IWR 1.6 62.15 –1.47 .3179

iShRussellMCValue IWS 2.0 96.05 –2.98 .6064

iShRussell1000 IWB 1.6 197.33 –6.29 .9691

iShS&PMC400Growth IJK 1.1 63.02 –0.51 .2482

iShS&P500Growth IVW .8 57.85 –1.95 .1527

iShS&P500Value IVE 2.3 128.52 –4.54 .9132

iShS&PGSCIComm GSG ... 20.58 +0.05 ...

iShS&P100 OEF 1.6 162.50 –6.01 .7251

iShS&PSC600Value IJS 1.9 82.45 –2.15 .5106

iShShtNatlMuniBd SUB .7 102.66 –0.29 .0811

iShSilver SLV ... 17.50 +0.14 ...

iShTIPSBondETF TIP 8.1 104.90 –2.64 1.4384

iSh10+YIGCpBd IGLB 4.6 48.23 –1.72 .1878

iShTreaFRBd TFLO .5 50.50 +0.02 .0952

iShRussellMCGrowth IWP .7 78.43 –0.78 .1817

iShUSTech IYW .5 73.37 –2.84 .1137

iSh0-5YHYCorpBd SHYG 5.4 39.94 –0.26 .1945

iSh0-3MTreaBd SGOV .5 100.27 +0.05 .168

JanusHenShrtDur VNLA 1.9 48.49 –0.15 .0655

JPMEquityPrem JEPI 11.0 51.23 –1.30 .5589

JPM UltShtIncm JPST .9 50.16 +0.01 .0824

KraneCSIChInt KWEB .0 24.64 –0.29 2.5804

MatlsSelSector XLB 2.5 68.01 –0.42 .4099

MicroFang-3xInv BERZ ... 44.24 +3.92 ...

MicroFang3xLvg BULZ ... 2.61 –0.31 ...

MicroFANG-3XInvr FNGD ... 64.47 +3.08 ...

MicroFang+3x FNGU ... 5.91 –0.42 ...

MicroGold3xLvgd GDXU ... 2.94 +0.56 ...

MicroOil&Gas-3 OILD ... 4.86 –0.52 ...

MicrUSBigOil3InLv NRGD ... 60.04 –9.48 ...

NuvGrowthOpps NUGO .0 17.10 –0.32 .0012

PGIMUltraShBd PULS 1.5 49.08 –0.04 .1267

PimcoEnhShMat MINT 1.0 98.86 –0.16 .19

Pimco0-5YHyCpBd HYS 4.3 87.35 –0.71 .42

ProShBitcoin BITO ... 11.99 +0.44 ...

ProShOnlRetail ONLN ... 29.84 –0.58 ...

ProShShBitcoin BITI ... 38.27 –1.62 ...

ProShShtDow30 DOG ... 38.62 +1.14 ...

ProShShortHY SJB ... 20.01 +0.22 ...

ProShShtMSCI EM EUM ... 16.96 +0.50 ...

ProShShortQQQ PSQ ... 14.92 +0.45 ...

ProShShtRus2000 RWM ... 26.36 +0.18 ...

ProShShrtS&P500 SH ... 17.28 +0.49 ...

ProShSh20+Tr TBF ... 22.30 +0.67 ...

ProShUltBlmCrude UCO ... 26.26 –0.59 ...

ProshUltBlmNatGas BOIL ... 53.66 –3.50 ...

ProShUltDow30 DDM .8 48.82 –3.07 .0811

ProShUltraQQQ QLD ... 36.66 –2.42 ...

ProShUltRus2000 UWM ... 28.76 –0.57 ...

ProShUltraS&P SSO .2 39.72 –2.51 .0402

ProShUltSilver AGQ ... 20.76 +0.32 ...

ProShUltDow30 UDOW 1.0 38.61 –3.83 .2456

ProShUltRus2000 URTY ... 34.21 –1.11 ...

ProShUltS&P500 UPRO .2 28.41 –2.79 .0354

ProShUltShtDow30 SDOW ... 43.52 +3.53 ...

ProShShtRus2000 SRTY ... 70.99 +0.92 ...

ProShUltS&P500 SPXU ... 22.42 +1.82 ...

ProShUltBloomCrd SCO ... 30.28 +0.37 ...

ProShUltShBlmGas KOLD ... 17.21 +0.88 ...

ProShUltDow30 DXD ... 58.72 +3.28 ...

ProShUltShEur EPV .0 19.72 +0.25 .0006

ProShUltShtQQQ QID ... 27.43 +1.55 ...

ProShUltRlEst SRS ... 20.76 +1.52 ...

ProShUltShRus2000 TWM ... 19.48 +0.22 ...

ProShUltShtS&P500 SDS ... 54.57 +3.05 ...

ProShUltraSh20+ TBT ... 31.81 +1.74 ...

QuadIntRtVol IVOL 4.4 22.16 –0.06 .0674

RealEstSectorSPDR XLRE 3.8 36.01 –1.45 .3638

SPDRBlackSrLoan SRLN 5.1 40.87 –0.55 .20

SPDRBlmCvSecs CWB 2.6 63.30 –0.49 .1439

SPDRBlmEMLocBd EBND 4.9 18.97 –0.41 .0907

SPDR Blm HY Bd JNK 5.6 87.85 –0.96 .4997

SPDRBlmIntTrBd BWX 1.2 20.83 –0.27 .0231

SPDRBlmInvGrdFR FLRN .9 30.30 –0.14 .0753

SPDRBB1-10YTIPS TIPX 7.3 18.21 –0.29 .2347

SPDRBlm1-3MTB BIL .3 91.60 +0.04 .1385

SPDRBlmSTHYBd SJNK 5.4 23.78 –0.21 .1432

SPDRDoubleTRTact TOTL 4.3 40.18 –0.55 .1557

SPDRGoldMini GLDM ... 32.98 +0.36 ...

SPDR Gold GLD ... 154.67 +1.66 ...

SPDRNuvBBHYMuni HYMB 3.8 47.92 –0.84 .1565

SPDRNuveenMuniBd TFI 1.9 43.99 –0.40 .0713

SPDRNuveenSTMuni SHM .7 46.09 –0.16 .0265

Tick Div

Name Sym Yld Last Chg. Amt.

iShiBdsDec24Trea IBTE 1.1 23.95 +0.01 .0496

iShiBdsDec23Trea IBTD .8 24.77 +0.01 .0465

iShIntlTreasuryBd IGOV .5 36.61 –0.20 .1968

iShJPMUSDEmgBd EMB 5.4 79.40 –2.52 .3456

iShMBSETF MBB 1.4 91.58 –0.78 .1841

iShMSCI ACWI ACWI 2.5 77.83 –1.98 .8468

iShMSCIACWIxUS ACWX 4.4 40.01 –0.70 .8374

iShMSCIACxJpn AAXJ 3.0 58.53 –2.17 .1305

iShMSCIChina MCHI 1.4 42.56 –1.02 .312

iShMSCI EAFE SC SCZ 5.3 48.78 –1.02 1.125

iShMSCIEMxChina EMXC 3.0 44.28 –1.51 .5071

iShMSCIEurFinls EUFN 7.8 13.91 –0.59 .6705

iSh1-5YIGCorpBd IGSB 1.8 49.28 –0.22 .089

iShPfd&Incm PFF 5.1 31.67 +0.04 .1509

iShGlobalInfra IGF 2.8 41.83 –2.08 .705

iShSemiconductor SOXX 1.4 318.73 –15.03 1.8018

iShShortTreaBd SHV .4 110.00 +0.02 .1612

iSh1-3YTreasuryBd SHY .6 81.21 –0.01 .1005

iSh7-10YTreaBd IEF 1.5 95.99 –0.83 .179

iSh20+YTreasuryBd TLT 2.3 102.45 –3.25 .2361

iSh0-5YInvGrdCpBd SLQD 1.6 47.40 –0.22 .0956

JPMNasdEqPrem JEPQ 12.0 41.65 –1.11 .5463

ProShUltPrQQQ TQQQ ... 19.32 –1.99 ...

ProShUltShtQQQ SQQQ ... 61.32 +5.06 ...

VanEckGlFallAnglHY ANGL 4.7 26.23 –0.30 .1097

VanEckSemicon SMH ... 185.12 –7.25 ...

VangdEM GovBd VWOB 5.5 57.49 –1.66 .2691

VangdGlblxUS RE VNQI 7.6 38.16 –1.19 2.8949

VangdIntrCorpBd VCIT 2.9 75.68 –1.09 .2067

VangdIntermTrea VGIT 1.4 58.31 –0.25 .0907

VangdIntlHiDiv VYMI 6.0 52.04 –1.36 .7059

VangdLTCorpBd VCLT 4.5 73.24 –2.81 .2849

VangdLongTrea VGLT 2.7 62.94 –1.90 .1524

VangdMBS VMBS 1.8 45.09 –0.25 .0984

VangdRuss1000 VONE 1.7 163.38 –4.89 .7568

VangdRuss1000Grw VONG 1.0 54.21 –1.56 .1508

VangdRuss1000Val VONV 2.4 59.69 –1.82 .3826

VangdRuss2000 VTWO 1.7 66.63 –0.90 .2855

VangdSTCpBd VCSH 1.8 74.28 –0.41 .1362

VangdShtTmInfltn VTIP 6.2 48.11 –0.42 .6849

VangdShortTrea VGSH .6 57.79 ... .0603

VangdTotalBd BND 2.4 71.33 –0.67 .1565

VangdTotIntlBd BNDX 3.6 47.73 –0.33 .0484

VangdTotIntlStk VXUS 4.2 45.77 –0.92 .2804

WisdTrUSQltyDiv DGRW 2.4 53.91 –1.75 .185

NYSE ARCA

ARKInnovationETF ARKK .0 37.73 –0.10 .7826

ARK NextGen ARKW .0 45.64 –0.48 3.3143

abrdnPhysGold SGOL ... 15.92 +0.17 ...

abrdnPhysSilver SIVR ... 18.27 +0.14 ...

AdvShPureUSCan MSOS .0 8.91 –0.51 .07

AGFiQ US NeutAB BTAL ... 20.33 –0.16 ...

AlerianMLPETF AMLP 8.0 36.56 +0.74 .74

AmpCWPEnhDiv DIVO 5.4 32.01 –0.89 .1298

ArkFinInnov ARKF ... 15.39 –0.09 ...

AvantisEM AVEM 3.8 45.93 –1.70 .5232

AvantisIntlEquity AVDE 4.0 45.62 –0.82 .9549

AvantisIntlSCValue AVDV 4.0 47.50 –1.03 .9936

AvantisUSEquity AVUS 1.7 62.35 –1.24 .2846

AvantisUSSCValue AVUV 2.1 66.14 –0.29 .3532

CapitalGrpDivVal CGDV 1.2 20.42 –0.87 .0966

CapGrpGlbGrw CGGO .5 18.70 –0.41 .0432

CapitalGrpGrw CGGR .2 19.52 –0.38 .0198

CapGrpIntlFocus CGXU .8 18.71 –0.07 .0771

CommSvsSPDR XLC 1.2 47.89 –1.22 .1095

CnsmrDiscSelSector XLY .9 142.45 –3.97 .33

CnsStapleSelSector XLP 2.7 66.73 –2.65 .4605

DimenCoreFxIncm DFCF 2.0 40.94 –0.48 .1007

DimenEmgCore DFAE 3.1 20.09 –0.70 .2765

DimenEMCore2 DFEM 2.9 20.44 –0.77 .2274

DimenIntlCore DFAI 3.4 21.57 –0.32 .1463

DimenIntlValue DFIV 5.6 25.76 –0.66 .1385

DimenUSCore DFAU 1.5 25.15 –0.62 .1044

DimenUSCoreEq2 DFAC 1.6 22.24 –0.50 .0883

DimenUSEquity DFUS 1.6 38.82 –1.01 .1583

DimenUSHiProf DUHP .9 21.34 –0.58 .0785

DimenUSMktVal DFUV 2.1 29.61 –0.54 .161

DimenUSSCETF DFAS 1.2 46.52 –0.49 .1345

DimenUSSCValue DFSV .7 21.79 –0.29 .0697

DimenUSTargVal DFAT 1.8 38.97 –0.44 .1532

DimenWorldexUS DFAX 4.1 18.89 –0.49 .2272

DirexAeroBl3 DFEN .4 11.49 –1.19 .04

DirexDJBear3X WEBS .0 43.47 –0.11 .0126

DirexDJBull3X WEBL ... 7.11 –0.06 ...

DirexEM Bear3 EDZ ... 20.33 +1.88 ...

DirexEnergyBr2 ERY ... 46.50 –2.22 ...

DirexEnergyBl2 ERX 2.9 46.17 +1.73 .4163

DirexChinaBr3 YANG ... 22.73 +1.82 ...

DirexChinaBl3 YINN .9 40.66 –4.13 .0674

DirexFinlBear3 FAZ ... 29.96 +1.89 ...

DirexFinlBull3 FAS 1.3 54.21 –4.39 .2226

DirexGoldMinBr2 DUST ... 24.72 –4.16 ...

DirexGoldMinBl2 NUGT ... 25.32 +3.16 ...

DirexHmbldrBull3 NAIL ... 21.81 –1.57 ...

DirexJrGoldMinBr2 JDST ... 14.26 –2.99 ...

DirexJrGoldMnBl2 JNUG ... 26.41 +3.76 ...

DirexRealEstBr3 DRV ... 67.47 +6.96 ...

DirexRealEstBl3 DRN 2.6 9.55 –1.29 .0876

DirexRetailBull3 RETL 1.7 6.14 –0.75 .0192

DirexS&P500Br3 SPXS ... 29.54 +2.40 ...

DirexS&P500Bl3 SPXL .4 53.58 –5.31 .0776

DirexS&PBiotechBr3 LABD ... 23.94 –3.50 ...

DirexS&PBiotechBl3 LABU ... 7.01 +0.59 ...

Selected ETF Leaders

SPDR Gold Shares

(GLD) 1.08%

Vanguard Total Bond

Market (BND) -0.93

iShares Core MSCI

EAFE (IEFA) -1.57

Vanguard FTSE

Developed Markets

(VEA)

-1.73

iShares Core S&P

Small Cap (IJR) -1.87

Vanguard Total Stock

Market (VTI) -2.60

Vanguard FTSE

Emerging Markets

(VWO)

-2.75

Vanguard Dividend

Appreciation (VIG) -2.80

SPDR S&P 500 ETF

Trust (SPY) -2.93

Invesco QQQ Trust

(QQQ) -2.99

Source: Barron’s Statistics

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:42

42 BARRON’S October 3, 2022

DATA MUTUAL FUNDS DATA PROVIDED BY LIPPER BARRONS.COM/DATA

About Our Funds

The listings include the top 1250

open-end funds by assets. These

funds value their portfolios daily

and report net asset values (the

dollar amount of their holdings

divided by the number of shares

outstanding) to the National

Association of Securities Dealers.

Total returns reflect both price

changes and dividends; these

figures assume that all distributions are reinvested in the fund.

Because Lipper is constantly updating its database, these returns

may differ from those previously

published or calculated by others.

3 year returns are cumulative. The

NAV is the last reported closing

price for the week. Footnotes: NA:

not available. NE: performance

excluded by Lipper editor. NN: fund

not tracked. NS: fund not in

existence for whole period. e: ex

capital gains distributions. f:

previous day’s quote. n: no frontor back-end sales charge. p: fund

assets are used to pay marketing

and distribution costs (12b-1 fees).

r: fund levies redemption fee or

back-end load. s: stock dividend or

split of 25% or more. t: fund charges

12b-1 fees (for marketing and

distribution) and a back-end load.

v: capital-gains distribution may be

a return of capital. x: ex cash

dividend.

Net YTD 3-Yr.

NAV Chg. % Ret. % Ret.

Net YTD 3-Yr.

NAV Chg. % Ret. % Ret.

Net YTD 3-Yr.

NAV Chg. % Ret. % Ret.

Net YTD 3-Yr.

NAV Chg. % Ret. % Ret.

Net YTD 3-Yr.

NAV Chg. % Ret. % Ret.

Net YTD 3-Yr.

NAV Chg. % Ret. % Ret.

Net YTD 3-Yr.

NAV Chg. % Ret. % Ret.

Net YTD 3-Yr.

NAV Chg. % Ret. % Ret.

A

AAM:

B&GIncGroClI 20.35 -0.80 -19.2 12.6

AB Funds:

CapFdInc.LCapGow67.08 -1.21 -32.1 29.7

IntlStraEquPtZ 9.62 -0.30 -27.6 -9.4

MuniIncmShares 10.53 -0.18 -15.9 -3.0

AB Funds - A:

LgCpGrA 59.83 -1.08 -32.3 28.5

RelatValA 5.57 -0.06 -15.6 18.2

AB Funds - ADV:

GlbBd 7.09 -0.08 -13.0 -9.5

HiIncmAdv 6.38 -0.14 -15.7 -5.7

IntlStraEquPtADV 9.61 -0.29 -27.5 -9.3

LgCpGrAdv 67.18 -1.21 -32.1 29.5

SelectUSLgShrt 12.89 -0.09 -11.2 21.4

SmMidCpValAdv 20.01 -0.39 -22.9 15.0

Aberdeen Fds:

EmMktEqty Inst 11.59 -0.29 -32.8 -10.6

Advisers Inv Trst:

Balanced n 74.40 -1.53 -16.1 19.2

Growth n 87.91 -2.54 -19.0 28.5

Akre Funds:

AkreFocusInst 46.78 -1.71 -29.3 9.9

AkreFocusRtl 45.23 -1.66 -29.5 9.0

Alger Funds Inst:

CapApprI 26.31 -0.50 -36.2 17.7

AmanaGrowth n:

AmanaGrowth n 53.18 -1.43 -27.7 37.2

Amer Beacon Insti:

SmCpInst 23.26 -0.42 -18.9 18.2

American Century G:

GlBond 8.76 NA NA NA

Sustain Equity 36.00 -0.99 -25.7 27.2

American Century I:

EqInc 8.55 -0.19 -11.8 9.6

Growth 36.46 -1.12 -32.9 27.9

IntTF 10.40 NA NA NA

MdCapVal 14.51 -0.38 -13.1 16.5

SmCapVal 8.52 -0.22 -22.7 25.0

American Century Inv:

DiscCoreVal n 27.82 -0.45 -21.3 16.8

EqGro n 22.62 -0.54 -26.8 14.0

EqInc n 8.53 -0.20 -12.0 8.8

Grwth n 35.39 -1.09 -33.0 27.2

Heritage n 17.39 -0.12 -31.6 15.7

MdCapVal n 14.49 -0.38 -13.3 15.8

OneChMod n 13.13 -0.27 -22.0 6.7

Select n 83.84 -2.21 -28.2 33.5

Ultra n 59.10 -1.91 -32.5 39.2

American Century R6:

MdCapVal 14.51 -0.37 -13.0 17.0

SmCpVal 8.53 -0.21 -22.5 25.7

American Funds Cl A:

2020TarRetA 11.84 -0.22 -17.0 5.7

2025TarRetA 13.07 -0.24 -18.8 7.8

2030TarRetA 14.11 -0.27 -20.7 9.2

2035TarRetA 15.07 -0.29 -22.8 12.4

2040TarRetA 15.57 -0.31 -24.5 13.0

2045TarRetA 15.89 -0.31 -25.1 12.8

2050TarRetA 15.58 -0.29 -25.7 12.5

AmcpA 28.53 -0.51 -32.4 12.7

AMutlA 45.09 -1.36 -14.1 18.8

BondA 11.23 -0.13 -14.4 -5.8

BalA 26.79 -0.53 -18.6 10.6

CapIBA 57.41 -1.50 -16.5 4.5

CapWA 15.31 -0.17 -22.0 -18.1

CapWGrA 45.87 -0.92 -26.9 5.8

EupacA 43.63 -0.39 -32.3 -4.7

FdInvA 55.53 -1.12 -24.8 17.5

GBalA 29.68 -0.52 -21.9 0.4

GovtA 12.17 -0.11 -12.0 -4.6

GwthA 50.37 -0.91 -32.2 24.0

HI TrA 8.86 -0.11 -12.6 4.1

HiInMuniA 14.07 -0.21 -14.7 -5.4

ICAA 38.40 -1.04 -24.0 19.1

IncoA 21.49 -0.50 -15.1 10.4

IntBdA 12.34 -0.06 -8.8 -2.6

IntlGrIncA 27.50 -0.41 -28.2 -6.3

LtdTEBdA 14.73 -0.08 -7.2 -2.8

N PerA 45.43 -0.80 -31.6 18.2

NEcoA 41.27 -0.56 -33.3 9.9

NwWrldA 61.01 -1.10 -29.1 1.0

SmCpA 51.99 -0.45 -35.0 9.3

STBFA 9.42 -0.01 -4.6 -1.6

STTxExBdA 9.70 -0.03 -4.7 -1.7

TECAA 15.67 -0.18 -12.9 -6.8

TxExA 11.70 -0.13 -12.3 -5.8

WshA 47.44 -1.17 -18.3 21.7

AMG Managers Funds:

YachtmanFocFd I 17.08 -0.28 -19.2 18.5

YacktFocFd N n 17.11 -0.29 -19.3 17.8

YacktmanFd I 20.21 -0.31 -17.5 21.1

Angel Oak Funds Trst:

AglOkMtiStFdClIn 8.92 NA NA NA

AQR Funds:

LgCapDefStyle I24.99 -0.61 -21.9 15.0

MgdFutStrI 10.23 0.04 40.9 35.2

ArbitrageI :

ArbitrageI 13.03 -0.06 -2.0 6.2

Artisan Funds:

GblOppInst 25.16 NA NA NA

Intl Inv n 20.99 NA NA NA

IntlInst 21.14 NA NA NA

IntlVal Inst 33.11 NA NA NA

IntlVal Inv n 33.03 NA NA NA

MidCapInst 34.34 NA NA NA

MidCapInv n 28.75 NA NA NA

B

Baird Funds:

AggBdInst 9.48 -0.11 -15.2 -8.9

CorBdInst 9.72 -0.12 -15.0 -8.0

IntBdInst 9.99 -0.06 -10.1 -4.4

ShtTBdInst 9.18 -0.01 -4.8 -0.5

Baron Funds:

Asset n 77.43 -0.76 -34.1 6.6

Growth n 80.38 0.12 -30.8 19.5

Partners n 139.43 -6.27 -28.2 175.8

Baron Instl Shares:

AssetInst 81.71 -0.80 -33.9 7.4

EmergingMktsInst 12.01 -0.32 -31.7 -9.2

GrowthInst 84.34 0.12 -30.7 20.4

PartnersInst 144.71 -6.37 -28.1 178.0

SmallCapInst 26.74 -0.08 -33.9 18.0

Bernstein Fds:

DivrMuni n 13.37 -0.10 -8.2 -2.5

IntmDur n 11.13 -0.15 -15.4 -10.1

NY Mun n 12.88 -0.09 -8.4 -3.6

BlackRock Funds:

CoreBd Inst 8.12 -0.10 -15.6 -9.5

CreStraInc Inst 8.50 -0.10 -12.7 -5.1

HiYBlk 6.47 -0.11 -14.1 -0.9

HiYldBd Inst 6.46 -0.11 -14.3 -1.3

InflProtBdInst 9.58 -0.27 -13.4 3.6

LowDurI Inst 8.91 -0.03 -6.0 -2.4

BlackRock Funds A:

CapAppr 22.84 -0.16 -37.4 15.8

EqtyDivd 17.01 -0.41 -14.5 15.3

GlblAlloc 15.60 -0.11 -20.4 8.3

HlthScOp 58.62 -0.44 -16.2 28.7

MdCpGrA 24.53 -0.05 -40.0 5.3

MultiAstIncome 9.20 -0.20 -16.1 -2.5

NatlMuni 9.57 -0.12 -14.4 -8.6

ScTechOppA 35.39 -0.54 -41.1 34.7

TotRet 9.80 -0.10 -15.9 -9.1

BlackRock Funds III:

iShS&P500IdxK420.41-14.38 -23.9 26.5

iShUSAggBdIdxK 8.82 -0.11 -14.4 -9.4

BlackRock Funds Inst:

AdvLgCapCore 15.05 -0.41 -25.8 24.1

CAInsMun 11.37 -0.13 -11.7 -5.4

EmgMkts 20.69 -0.47 -30.7 -3.4

EqtyDivd 17.10 -0.40 -14.3 16.1

FloRateIncPorIns 9.27 -0.10 -3.6 4.7

GlblAlloc 15.75 -0.11 -20.3 9.2

HlthScOp 62.57 -0.46 -16.0 29.7

MdCpGrEq 28.84 -0.04 -39.8 6.2

MultiAstIncome 9.21 -0.20 -16.0 -1.7

NatlMuni 9.56 -0.12 -14.3 -7.9

ScTechOppInst 38.90 -0.59 -41.0 35.8

StratIncOpptyIns 9.23 -0.09 -7.2 2.1

StratMuniOppI 10.05 -0.14 -14.6 -8.0

TotRet 9.80 -0.09 -15.6 -8.2

BNY Mellon Funds:

Aprec n 34.88 -1.13 -26.7 26.7

Dr500In n 45.41 -1.36 -24.2 24.6

Dreyf n 12.54 -0.35 -24.1 32.5

DreyMid r Inv n 27.90 -0.43 -21.8 17.4

GlFxIncI 19.05 NA NA NA

InstS&PStkIdx I 57.86 -1.72 -24.0 25.8

IntlStkI 18.19 -0.14 -32.5 -2.8

IntlStkY 17.97 -0.14 -32.5 -2.7

SmMidCpGrI 21.51 NA NA NA

BNY Mellon Funds Tru:

MCMultiStrM 16.30 -0.28 -25.7 17.2

NtlIntmMuni 12.33 NA NA NA

Bridge Builder Trust:

CoreBond 8.74 -0.10 -14.7 -8.2

CorePlusBond 8.64 -0.11 -15.2 -7.1

Intl Eq 9.39 -0.19 -29.8 -10.8

LargeCapGrowth 16.41 -0.39 -30.2 26.7

LargeCapValue 14.21 -0.43 -17.1 22.2

MunicipalBond 9.44 -0.10 -10.9 -4.7

S/MCapGrowth 11.38 -0.05 -32.2 13.7

S/MCapValue 11.93 -0.25 -19.1 15.9

Brown Advisory Funds:

GrwthEquityInst 21.86 -0.49 -37.4 7.4

C

Calamos Funds:

MktNeutA 13.60 -0.11 -7.4 3.1

MktNeutI 13.44 -0.10 -7.2 3.9

Calvert Investments:

Eq A 62.23 -1.43 -25.0 26.6

Carillon Scout:

MidCap I 18.99 -0.20 -22.2 20.4

CausewayInst :

CausewayInst 13.21 -0.22 -24.0 -2.8

CIBC Atlas:

DispEq Inst 23.52 -0.55 -24.0 23.4

ClearBridge:

AggressGrowthA n 107.15 -1.27 -27.9 3.9

AllCapValueA 11.78 -0.29 -16.8 10.1

AppreciationA 26.64 -0.64 -20.2 21.8

DividendStrat1 n 24.60 -0.93 -18.3 18.8

DividendStratA 24.59 -0.90 -18.5 17.9

LargeCapGrowthA 41.67 -1.04 -35.9 11.1

LargeCapGrowthI47.92 -1.20 -35.7 12.1

SmallCapGrowthIS 35.57 NA NA NA

Cohen & Steers:

GlbRltyI 46.12 -1.58 -29.7 -11.3

InstlRlty 41.95 -1.91 -28.0 0.4

PrefSecIncnI 11.65 -0.35 -14.7 -3.4

RltyIncI 15.04 -0.75 -29.7 -0.7

RltyShs n 58.47 -2.73 -28.2 -0.3

Colorado BondShares:

ColoradoBdShs 8.50 -0.07 -6.7 3.6

Columbia Class A:

BalancedA 40.48 -0.95 -20.3 13.6

ContCoreA 25.18 -0.75 -23.6 26.1

DisplCoreA 11.00 -0.28 -24.1 23.8

DivIncA 26.03 -0.75 -16.6 20.4

DivOpptyA 32.47 -0.94 -13.2 16.3

LgCpGrowA 40.60 -1.23 -33.6 27.5

LgCpVl A 14.10 -0.34 -16.5 17.5

LiGoBalA 9.29 -0.22 -23.1 4.3

SelgComuInfoA 84.93 -2.42 -34.4 52.7

TaxEA 11.21 -0.16 -15.5 -9.6

Columbia Class Adv:

DivIncom 26.54 -0.76 -16.4 21.3

Columbia Class I:

Acorn I 8.66 -0.01 -36.1 -2.1

Balanced I 40.37 -0.95 -20.2 14.4

ContCore I 25.48 -0.76 -23.4 27.0

DivIncom I 26.05 -0.75 -16.4 21.2

LgCpIdx I 44.66 -1.32 -24.0 25.8

MdCpIdx I 12.66 -0.19 -21.6 18.4

SelComunInfo 97.15 -2.76 -34.3 53.8

SmCpIdx I 21.95 -0.31 -23.3 16.6

StratInc I 20.33 -0.47 -13.2 -3.2

TotReBd I 29.59 -0.63 -18.6 -8.0

Columbia Class I2:

DivIncom 26.51 -0.76 -16.4 21.5

Columbia Class I3:

ContCore I3 26.11 -0.78 -23.4 27.5

DivIncom 26.55 -0.76 -16.4 21.7

Columbia Funds:

UltShortBd Inst3 8.95 0.00 -0.1 2.5

Credit Suisse Common:

ComdtyRet 27.02 -0.25 14.1 51.1

D

Davis Funds A:

NYVen A 20.26 -0.37 -26.2 1.0

Davis Funds C & Y:

NYVenY 21.03 -0.38 -26.0 1.7

Del Invest Instl:

Value 17.74 -0.47 -15.1 10.5

Deutsche DWS:

CoreEq n 25.92 -0.70 -22.3 22.8

MgdMuniS n 7.70 -0.11 -14.8 -8.6

Diamond Hill Funds:

LgCapI 27.85 -0.76 -22.0 15.5

LgCapY 27.90 -0.76 -21.9 15.9

LongShortI 24.74 -0.50 -13.7 7.2

Dimensional Fds:

2TGlFxd 9.55 0.00 -3.3 -2.3

5GlbFxdInc 9.88 -0.04 -7.3 -6.7

DFARlEst 37.21 -1.64 -27.8 -2.8

EmgMkt 23.15 -1.22 -24.5 -2.3

EmgMktSoCoEq 11.51 -0.60 -26.4 -4.0

EmgMktVa 24.29 -1.59 -19.0 2.6

EmMktCorEq 18.37 -1.07 -24.4 0.8

EmMktSmCp 18.84 -1.04 -23.1 10.3

Fixd 10.02 -0.02 -2.0 -1.1

GblAll60 40Inst 17.86 -0.39 -18.1 9.5

GlEqInst 24.46 -0.73 -23.4 16.9

GlRESec 9.58 -0.36 -28.8 -11.6

InfProtSec 10.68 -0.65 -13.9 2.0

IntGvFxdInc 10.81 -0.12 -13.6 -9.5

IntlCoreEq 11.53 -0.33 -26.5 -1.3

IntlREst 3.29 -0.11 -30.6 -25.2

IntlSustCore1 9.09 -0.20 -29.9 -4.0

IntlVal 15.06 -0.51 -19.1 1.4

IntlVectorEq 10.07 -0.31 -26.0 -0.5

IntSmCo 15.13 -0.39 -29.5 -1.3

IntSmVa 15.92 -0.47 -24.4 -1.2

IntTermMuni 9.66 -0.07 -6.3 -2.8

IntVaIII 12.95 -0.43 -19.0 1.7

ITExQual 8.91 -0.20 -19.1 -11.9

LgCo 25.49 -0.88 -23.9 26.3

LgCpIntl 19.84 -0.49 -25.8 -2.2

STExQual 10.10 -0.04 -6.5 -4.5

STGov 9.77 -0.06 -5.0 -5.4

STMuniBd 9.97 -0.03 -1.5 -0.5

US CoreEq1 28.02 -0.79 -22.2 26.1

US CoreEq2 25.47 -0.68 -22.0 26.8

US Micro 21.72 -0.24 -20.4 23.5

US Small 36.66 -0.54 -21.5 23.7

US SmCpVal 36.64 -0.67 -15.0 32.7

US TgdVal 25.32 -0.42 -15.3 32.4

USLCpGr 24.42 -0.81 -24.5 26.3

USLgVa 37.44 -0.84 -17.4 14.7

USLgVaIII 24.78 -0.55 -17.3 15.1

USSoCoreEq2 18.23 -0.50 -24.9 21.2

USSustCoreI 27.74 -0.78 -24.7 27.4

USVectorEq 19.90 -0.34 -19.0 22.8

Dodge & Cox:

Balanced n 90.92 -1.83 -15.1 16.9

Dodge & Cox n 9.80 -0.27 -13.4 -1.3

GblStock n 12.01 -0.16 -16.8 18.0

Income n 11.96 -0.25 -13.3 -5.1

Intl Stk n 38.00 -0.64 -19.6 0.8

Stock n 198.04 -3.83 -17.9 27.6

DoubleLine Funds:

CoreFxdIncmI 9.19 -0.15 -14.1 -9.3

LowDurBdI 9.37 -0.06 -3.7 -0.4

ShillerEnhCAPEI 12.78 -0.57 -26.8 14.9

TotRetBdI 8.87 -0.12 -12.7 -9.1

TotRetBdN n 8.87 -0.11 -12.9 -9.8

E

Eaton Vance Class A:

FltgRtAdvg 9.56 -0.17 -6.0 2.4

TMG1.1 69.94 -1.75 -25.4 24.7

Eaton Vance Class I:

AtlCpSMID 33.69 -0.49 -18.3 15.1

FloatRtHiInc 7.95 NA NA NA

FltgRt 8.11 -0.12 -4.9 3.2

GblMacAbR 7.88 NA NA NA

IncBos 4.73 NA NA NA

NatlMuniInc 8.78 -0.12 -13.2 -5.9

Edgewood Growth Instituti:

EdgewoodGrInst33.04 -0.98 -45.4 5.1

F

FAM Value:

FAMValue n 77.90 -1.41 -21.8 11.9

Federated Hermes A:

StrValDivA p 5.37 -0.23 -5.9 10.0

Federated Hermes Int:

InsHiYld 8.10 -0.12 -15.0 -2.9

TtlRtnBdI 9.42 -0.10 -13.8 -4.6

Federated Hermes IS:

KaufmnLCIS 23.29 -0.42 -34.0 4.8

KaufmnSCI 39.35 0.18 -34.8 7.5

StraValDivIS 5.41 -0.23 -5.5 10.9

UltraShortI 8.96 -0.01 -1.5 1.7

FedMuniUl A 9.85 -0.01 -1.2 0.6

Federated Hermes R:

KaufmnR 4.50 0.00 -32.8 -4.2

Federated Hermes R6:

FedInstHYBondL 8.11 -0.11 -14.9 -2.8

StrValL 5.40 -0.24 -5.7 10.8

TtlRtnBdL 9.41 -0.10 -13.8 -4.7

Fidelity:

500IdxInstPrem n 124.93 -3.71 -23.9 26.5

Contrafund K6 16.18 -0.24 -30.4 25.1

EmgMktIdxInstPre n 8.80 -0.25 -27.2 -7.0

ExtMktIdxInstPre n 60.76 -0.65 -30.0 13.2

FidAdAsset 12.82 -0.14 -12.7 1.1

FidAdEm 29.04 -0.44 -33.4 NS

FidSAI 8.27 -0.20 -14.5 NS

FidSAIEmerg 10.25 -0.33 -25.2 NS

FidSer5 7.99 -0.32 -21.1 NS

FidSer0-5 9.65 -0.08 -4.0 NS

FIDSerEmgMkt 7.24 -0.17 -31.1 -15.6

FidSerInt 8.52 -0.06 -13.2 NS

FidSerToMarket 11.94 -0.32 -24.9 24.3

FIDZroLgCpIx n 12.69 -0.37 -24.8 26.0

Flex 500 Index 15.35 -0.46 -23.9 26.5

FlexIntIdx 10.01 -0.19 -26.7 -4.9

FlexUSBdIdx 8.87 -0.09 -14.5 -9.6

Freedom2060K 10.33 -0.19 -25.7 12.4

GlexUSIdxInstPre n 11.20 -0.21 -26.7 -5.0

GrowthCompanyK6 14.87 -0.30 -35.0 53.3

InflPrBdIndInsPr n 9.63 -0.24 -13.7 1.9

IntlIdxInstPrem n 35.74 -0.50 -27.5 -5.7

IntlIndex n 8.74 -0.17 -27.1 -4.7

IntrTresBdIxPrem n 9.54 -0.06 -13.5 -9.3

LgCpGwId InstPre n 20.51 -0.60 -30.7 35.4

LgCpVlIdxIstPrem n 13.37 -0.35 -17.8 13.6

LTTrsBdIdxInstPr n 10.35 -0.30 -28.5 -23.5

MidCpInxInstPrem n 24.04 -0.45 -24.3 16.4

OTCK6Port 13.66 -0.33 -34.3 38.6

RealEstIdxInst n 14.12 -0.58 -29.2 -12.8

SAIUSLgCpIndxFd 16.17 -0.48 -23.9 26.4

SeriesBondFd 8.78 -0.09 -14.4 -9.6

SeriesOverseas 9.53 -0.04 -33.8 0.5

SerLTTreBdIdx 5.97 -0.18 -28.6 -23.8

SmCpIdxInstPrem n 20.68 -0.17 -25.0 13.6

STBdIdx InstPrem n 9.40 -0.02 -6.5 -2.9

STTreIdx InstPre n 9.81 -0.01 -6.4 -3.2

TMktIdxInstPrem n 100.32 -2.68 -24.9 24.3

TotalMarketIndex n 12.64 -0.34 -24.7 24.8

TtlIntIdxInstPr n 10.46 -0.20 -27.1 -4.2

USBdIdxInstPrem n 10.08 -0.10 -14.5 -9.4

USSusIdx n 15.70 -0.39 -25.9 25.6

Fidelity Adv Focus A:

HthCarA 54.46 0.11 -18.1 33.7

TechA 62.71 -2.49 -37.7 49.9

Fidelity Advisor:

SrsAdvIntlCapApp20.69 -0.23 -35.0 -3.5

StragInc n 10.66 -0.15 -14.0 -2.1

TotBdFdClZ 9.22 -0.14 -14.8 -6.1

Fidelity Advisor A:

BalancA 22.13 -0.46 -22.4 19.7

EqGrA p/r 12.58 -0.21 -27.0 42.8

GrOppA 88.87 -1.71 -38.1 33.5

NwInsghtA 27.41 -0.37 -30.8 15.6

StrInA 10.50 -0.16 -14.2 -3.1

Fidelity Advisor Fun:

InterDiscZ 35.03 -0.37 -33.5 -0.6

Fidelity Advisor I:

BalancI 22.69 -0.46 -22.2 20.7

ConsvIncmMuni I 9.94 0.00 -0.5 0.8

FltRatel 8.89 -0.09 -3.3 5.4

GrOppI 98.27 -1.89 -38.0 34.5

HthCarI 60.39 0.13 -17.9 34.8

IntlGr 13.99 -0.12 -33.4 -0.5

NwInsghtI 28.51 -0.38 -30.7 16.5

REIncmInst 11.10 -0.26 -16.1 0.2

StrInI 10.66 -0.15 -14.0 -2.3

Total Bd 9.22 -0.14 -14.8 -6.5

Fidelity Advisor M:

Balanced 22.45 -0.47 -22.5 18.8

EqGr 12.15 -0.21 -27.2 41.7

GrOppM 87.54 -1.69 -38.2 32.6

NwInsghtM 25.78 -0.35 -31.0 14.8

Fidelity Advisor Z:

AssetManager50% 17.79 -0.28 -19.3 7.2

AsstMngr70 22.39 -0.40 -22.4 11.4

CorporateBond 9.84 -0.19 -18.9 -10.3

FloatRateHighInc 8.90 -0.08 -3.1 5.7

GovtIncome 9.12 -0.06 -13.4 -9.9

GrOpp 99.51 -1.91 -37.9 35.0

InvestGradeBd 7.02 -0.09 -14.7 -6.5

NewMktsIncFdZ 10.73 -0.38 -22.0 -17.2

RE Income 11.09 -0.26 -16.0 0.5

StkSelAllCap 51.94 -1.20 -24.6 28.1

Fidelity Freedom:

FF2010 n 12.61 -0.17 -16.8 1.4

FF2015 n 10.11 -0.16 -18.9 2.6

FF2020 n 12.46 -0.21 -20.9 3.5

FF2025 n 11.36 -0.21 -22.0 4.7

FF2030 n 14.13 -0.25 -22.6 7.1

FF2035 n 12.02 -0.21 -24.2 10.5

FF2040 n 8.41 -0.15 -25.5 12.3

FF2045 n 9.62 -0.18 -25.7 12.0

FF2050 n 9.73 -0.18 -25.7 12.1

Free2055 n 11.26 -0.21 -25.7 12.1

Free2060InstPrem 12.81 -0.30 -25.2 9.0

Freedom2015 K 10.10 -0.16 -18.8 2.8

Freedom2020 K 12.45 -0.22 -20.9 3.8

Freedom2020K6 12.40 -0.22 -20.8 4.0

Freedom2025 K 11.35 -0.21 -21.9 5.0

Freedom2025K6 11.32 -0.21 -21.9 5.3

Freedom2030 K 14.13 -0.24 -22.5 7.4

Freedom2030K6 14.08 -0.25 -22.5 7.7

Freedom2035 K 12.01 -0.21 -24.1 10.8

Freedom2035K6 11.99 -0.21 -24.0 11.4

Freedom2040 K 8.41 -0.16 -25.5 12.5

Freedom2040K6 8.38 -0.15 -25.4 13.1

Freedom2045 K 9.62 -0.18 -25.6 12.4

Freedom2045K6 9.59 -0.17 -25.6 13.0

Freedom2050 K 9.73 -0.18 -25.6 12.4

Freedom2050K6 9.71 -0.18 -25.6 12.9

Freedom2055 K 11.26 -0.21 -25.7 12.4

Freedom2055K6 11.25 -0.20 -25.5 12.9

Idx2020InsPre 13.67 -0.27 -20.4 1.7

Idx2025InsPre 15.32 -0.31 -21.5 2.7

Idx2030InsPre 16.07 -0.32 -22.1 4.7

Idx2035InsPre 17.66 -0.38 -23.7 7.6

Idx2040InsPre 17.71 -0.41 -25.0 9.2

Idx2045InsPre 18.37 -0.43 -25.2 9.0

Idx2050InsPre 18.40 -0.43 -25.2 9.1

Idx2055InsPre 15.14 -0.35 -25.1 9.1

Idx2020 Premier 13.67 -0.26 -20.4 NS

Idx2025 Premier 15.32 -0.31 -21.5 NS

Idx2030 Premier16.06 -0.33 -22.1 NS

Idx2035 Premier 17.66 -0.38 -23.7 NS

Idx2040 Premier 17.71 -0.40 -25.0 NS

Idx2045 Premier 18.37 -0.43 -25.1 NS

Idx2050 Premier18.40 -0.43 -25.1 NS

Income n 9.90 -0.12 -14.2 -1.3

Fidelity Invest:

AggrInt n 18.47 -0.20 -35.0 -3.4

AilSectEq 8.58 -0.20 -24.0 34.0

AMgr20% n 12.83 -0.14 -12.6 1.0

AMgr50% n 17.84 -0.28 -19.4 7.0

AMgr70% n 22.42 -0.40 -22.4 11.2

AMgr85% n 20.05 -0.39 -24.9 14.2

AstMgr30R n 10.79 -0.14 -15.4 3.0

Balanc n 23.52 -0.49 -22.2 20.9

BalancedK 23.53 -0.48 -22.1 21.2

BluCh n 114.13 -2.94 -37.5 41.5

BluChpGr K6 17.47 -0.42 -37.3 43.4

BluChpGrK 114.61 -2.96 -37.5 41.9

CAMun n 11.50 -0.13 -12.2 -6.2

CapAp n 32.86 -0.60 -25.6 35.6

CapDevO n 16.18 -0.29 -18.4 24.8

CnvSc n 29.60 -0.41 -18.4 39.4

Contra n 12.79 -0.20 -30.9 25.6

ContraK 12.84 -0.20 -30.9 25.8

CpInc n 8.85 -0.13 -14.2 9.9

DisEq n 44.66 -0.98 -31.6 24.4

DivGth n 26.69 -0.71 -20.1 17.6

DivIntl n 32.17 -0.32 -33.7 -2.1

DivIntl K6 10.30 -0.11 -33.2 -0.6

DivIntlK 32.12 -0.33 -33.6 -1.8

DivStkO n 26.24 -0.54 -25.1 34.3

EmrMkt n 29.05 -0.44 -33.4 0.2

Eq Inc n 58.68 -1.29 -15.7 20.4

EqDivIncm n 24.20 -0.60 -12.3 18.5

Fidel n 55.76 -1.34 -29.4 30.4

FltRateHi n 8.90 -0.09 -3.1 5.6

FocsdStk n 24.38 -0.61 -29.8 31.2

FournOne n 44.51 -0.96 -24.9 9.8

GNMA n 9.97 -0.06 -12.9 -9.9

GovtInc n 9.10 -0.06 -13.5 -10.2

GroCo n 23.69 -0.57 -35.0 53.0

GroInc n 42.42 -0.77 -16.1 26.6

GrowCoK 23.79 -0.57 -35.0 53.4

GrStrt n 43.66 -0.12 -31.3 17.8

GwthDiscovery n 39.47 -0.69 -27.0 43.3

HighInc n 7.11 -0.15 -15.3 -7.5

IntBd n 9.79 -0.06 -10.0 -4.5

IntlDisc n 35.18 -0.38 -33.5 -0.9

IntlEnhIdx n 8.18 -0.10 -26.6 -4.6

IntMu n 9.65 -0.08 -9.2 -3.4

InvGB n 7.00 -0.10 -14.9 -6.9

InvGrBd 9.76 -0.12 -14.3 -5.6

LargeCap n 33.61 -0.61 -18.4 25.3

LCapCrEIdx n 16.81 -0.46 -22.1 30.9

LCapGrEIdx n 22.47 -0.56 -28.4 38.7

LevCoSt n 30.67 -0.48 -27.1 30.7

LgCpVHIdx n 13.35 -0.31 -16.7 19.7

LmtTrmMuniIncm n 9.98 -0.05 -6.4 -2.2

LowP n 41.33 -0.59 -17.4 26.4

LowPriStkK 41.27 -0.59 -17.4 26.7

LowPriStkK6 12.47 -0.16 -16.4 27.8

LtdTmBdFd n 10.70 -0.04 -7.3 -3.1

Magin n 10.24 -0.27 -30.7 21.1

MAMun n 10.84 -0.11 -12.0 -6.3

Manager40 n 11.47 -0.15 -17.4 5.3

Manager60 n 12.75 -0.22 -21.2 8.8

MidCap n 34.44 -0.25 -14.5 30.3

MidCapEnIdx n 14.55 -0.15 -21.9 20.4

MidCapStkK 34.48 -0.25 -14.5 30.7

MuniInc n 11.49 -0.15 -13.7 -6.6

NASDAQ n 134.14 -3.68 -31.8 35.2

NewInsights Z 28.64 -0.39 -30.6 16.9

NewMill n 36.61 -0.43 -12.6 23.5

NewMkt n 10.73 -0.38 -22.1 -17.4

OTC n 12.46 -0.29 -34.1 37.2

OTC K 12.73 -0.30 -34.1 37.5

Ovrse n 43.98 -0.20 -35.1 -2.4

PuritanK 21.18 -0.38 -21.5 20.3

Puritn n 21.20 -0.38 -21.5 20.1

RealE n 37.52 -1.49 -27.4 -5.8

RealEstInc n 11.15 -0.26 -16.0 0.2

SAIIntlMinVolInd 9.03 -0.11 -22.1 -12.0

SAILTTreBdIdx 7.82 -0.24 -30.0 -24.6

SAIUSMinVolIndFd 15.70 -0.49 -18.8 14.4

SAIUSQtyIdx 14.23 -0.40 -24.3 28.6

SmCapDisc n 21.31 -0.54 -24.9 16.7

SmlCapO n 10.78 -0.07 -24.6 19.3

SmlCpGrth n 22.47 -0.10 -29.1 18.5

SmlCpGrth K6 12.00 -0.04 -28.8 20.2

SmlCpGrth Z 22.69 -0.10 -29.0 19.0

SmlCpVal n 16.05 -0.45 -21.6 27.3

Srs1000ValIndRet 12.72 -0.34 -17.8 13.7

SrsBlChGroRetail n 10.04 -0.25 -37.1 43.8

SrsCommStrt 2.09 -0.02 12.7 44.9

SrsEmrgMkt 14.52 -0.36 -30.9 -6.9

SrsGlobal 11.04 -0.21 -26.7 -4.9

SrsIntlGrw 12.82 -0.10 -32.9 2.9

SrsGroCoRetail 13.42 -0.29 -34.2 59.3

SrsIntlSmCp 13.68 -0.09 -36.0 1.3

SrsIntlVal 8.59 -0.15 -23.1 1.8

STBF n 8.16 -0.02 -4.6 -1.2

StkSelSmCp n 25.78 -0.17 -24.9 25.8

StkSlcACap n 52.31 -1.22 -24.6 27.8

StratDivInc n 14.66 -0.36 -16.7 15.9

TaxFrB n 10.30 -0.13 -13.5 -6.2

TotalBond n 9.24 -0.13 -14.7 -6.3

TotalBond K6 8.62 -0.11 -14.3 -5.6

Trend n 110.04 -2.41 -35.5 29.5

Value n 11.77 -0.21 -19.9 30.2

ValueDisc n 31.32 -0.76 -14.7 24.5

Wrldw n 24.78 -0.50 -31.0 18.0

Fidelity SAI:

FidSAIEmgMktIndx 11.38 -0.33 -27.3 -7.5

FidSAIIntlIndxFd 10.25 -0.14 -27.6 -6.0

IntlValIdx 7.14 -0.18 -22.9 -8.0

LowDurationInc 9.89 -0.01 -0.3 NS

SAIEmgMktLoVolIx 9.44 -0.11 -17.6 1.9

SAIInflaFocFd 9.76 -0.16 7.2 51.8

ShortTermBd 9.42 -0.02 -4.5 NS

TotalBd 8.76 -0.12 -14.3 -5.9

TxFreeBd 9.38 -0.11 -12.9 -6.9

U.S.TreBdIdx 8.65 -0.07 -13.1 -9.2

USMomentumIdx 12.65 -0.21 -24.4 26.1

USValueIndex 9.52 -0.21 -14.6 17.9

Fidelity Selects:

Biotech n 15.49 0.46 -19.9 22.8

DfAero n 12.44 -0.51 -14.8 -16.8

Energy n 47.57 1.35 35.0 51.0

Health n 25.99 0.05 -18.0 39.0

HlthCareSrvPt r n 128.52 -1.63 -2.5 75.3

ITSvs n 48.69 -1.29 -34.1 -4.6

MdTchDevis n 56.21 -0.39 -31.4 23.4

Retail n 15.31 -0.15 -32.3 19.8

Semiconductors r n 13.60 -0.48 -40.7 63.9

Softwr n 19.47 -0.31 -32.7 26.8

Tech n 17.40 -0.69 -38.4 41.9

UtilGr n 98.80 -8.31 -3.6 14.7

Fidelity Series:

Canada 12.40 -0.14 -14.7 19.7

IntMuni Z 9.67 -0.08 -9.1 -3.2

FidelityAdviAsset:

ADVAssetMan60 12.75 -0.21 -21.2 9.0

First Eagle Funds:

GlbA 53.25 -0.70 -17.5 4.9

OverseasA 20.67 -0.20 -18.3 -4.8

FPA Funds:

NwInc n 9.48 -0.05 -3.7 0.0

FPA Funds Trust:

FPACres Inst n 30.75 -0.45 -16.3 14.3

Franklin A1:

CA TF A1 6.49 -0.09 -14.3 -7.7

Fed TF A1 10.23 -0.15 -14.9 -7.5

HiInc A1 1.56 -0.03 -13.5 -0.7

HY TF A1 8.47 -0.15 -16.7 -7.3

IncomeA1 2.15 -0.04 -11.5 11.2

NY TF A1 9.37 -0.14 -15.6 -9.7

US Gov A1 5.03 -0.04 -11.9 -10.6

Utils A1 20.27 -1.79 -6.4 8.6

Franklin Templeton:

TgtModA 12.37 NA NA NA

FrankTemp/Frank Adv:

CA TF Adv 6.48 -0.08 -14.2 -7.5

CvtScAdv 19.86 -0.15 -19.6 34.3

Dynat Adv 96.64 -1.51 -40.1 15.3

Growth Adv 106.25 -2.58 -29.8 21.4

IncomeAdv 2.12 -0.05 -11.9 11.2

RisDv Adv 76.27 -1.98 -20.8 23.7

Utils Adv 20.47 -1.81 -6.3 9.0

Cash Track

The charts above show four-week moving averages of net cash flow in millions of dollars. BARRON'S • Lipper FMI

A red chart indicates a lower value than the starting period. Green means it's higher than the starting period.

5200

1000

-3200

-7400

-11600

Aug Sep

Equity Funds

300

-300

-900

-1500

-2100

Aug Sep

Municipal Bond Funds

12200

7900

3600

-700

-5000

Aug Sep

Money Market Funds

4200

900

-2400

-5700

-9000

Aug Sep

Taxable Bond Funds

Cashing Out: Investors pulled cash from the fund industry, increasing the past month’s average weekly

outflow from equity funds to $10.6 billion. The weekly average at taxable-bond funds went from positive to a

negative flow of $2.3 billion. Muni-bond funds saw outflows increase to $2 billion. Only money-market funds

enjoyed inflows, which grew to a $3.6 billion weekly average.

NOTICE TO READERS: Closed End Fund listings have moved to

barrons.com/cefund. They will no longer appear in print. The

Herzfeld chart has moved to the Market Lab Newsletter. To sign

up for the newsletter, go to barrons.com/newletters.

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:43

October 3, 2022 BARRON’S 43

DATA MUTUAL FUNDS DATA PROVIDED BY LIPPER BARRONS.COM/DATA

Net YTD 3-Yr.

NAV Chg. % Ret. % Ret.

Net YTD 3-Yr.

NAV Chg. % Ret. % Ret.

Net YTD 3-Yr.

NAV Chg. % Ret. % Ret.

Net YTD 3-Yr.

NAV Chg. % Ret. % Ret.

FrankTemp/Franklin A:

BAL A 11.25 -0.33 -14.6 7.5

DynaTech A 92.78 -1.46 -40.2 14.5

EqIn A 25.72 -0.77 -17.8 16.1

FoundFAlA 12.00 -0.23 -17.7 -1.0

GrOp A 36.26 -0.74 -37.3 16.6

Growth A 105.41 -2.57 -29.9 20.5

LwDuToRt A 8.76 -0.03 -5.6 -1.1

RisDv A 76.32 -1.98 -20.9 22.7

SmMCpGrA 28.17 -0.31 -36.6 17.9

StrInc A 7.90 -0.13 -13.4 -7.9

TtlRtn A 8.09 -0.12 -16.6 -11.3

FrankTemp/Franklin C:

Income C 2.18 -0.05 -12.4 8.8

FrankTemp/Franklin R:

FrkDynTchR6 97.96 -1.53 -40.0 15.7

FrkGrthR6 106.22 -2.58 -29.8 21.7

FrkRisDivR6 76.27 -1.98 -20.7 23.9

FrkSmCpGrR6 17.80 -0.02 -32.9 5.3

FrankTemp/Mutual A&B:

Shares A 21.77 -0.57 -18.6 -1.2

FrankTemp/Temp A:

Frgn A 5.61 -0.12 -22.1 -11.0

GlBond A 7.35 -0.15 -13.5 -20.3

Growth A 18.83 -0.31 -22.9 -7.4

World A 10.68 -0.18 -28.9 -15.2

FrankTemp/Temp Adv:

GlBondAdv 7.31 -0.15 -13.4 -19.7

Frost Family of Fund:

FrTRInst 9.33 -0.11 -6.6 0.6

G

GE Elfun/S&S:

Trusts n 59.80 -1.49 -25.0 31.7

GMO Trust Class III:

Quality 22.72 -0.41 -23.0 27.0

GMO Trust Class IV:

EmgCntrDt 17.42 NA NA NA

GMO Trust Class VI:

Quality 22.72 -0.42 -22.9 27.3

Goldman Sachs Inst:

EmgMktEq 19.03 NA NA NA

HYMuni 8.66 -0.16 -16.7 -6.3

Muni 14.48 -0.17 -12.0 -4.4

ShDuTF 10.10 -0.06 -5.3 -2.1

SmCapVa 45.41 NA NA NA

Guggenheim Funds Tru:

MacOppFdClInstl23.40 -0.35 -10.8 2.3

TotRtnBdFdClInst 23.14 -0.42 -16.8 -4.8

GuideStone Funds:

EqindxGS2 38.32 NA NA NA

MedDurGS2 12.44 NA NA NA

H

Harbor Funds:

CapApInst 63.71 -1.44 -36.8 26.9

IntlInst 34.08 -0.51 -27.8 -3.7

SmCpValInst 34.63 -0.69 -18.6 13.1

Harding Loevner:

EmgMktsAdv n 38.91 NA NA NA

IntlEq 20.86 NA NA NA

Hartford Funds A:

BalIncA 13.22 -0.40 -15.9 2.7

CapAppA 32.09 NA NA NA

DiscpEqA 37.54 -1.14 -24.1 21.2

DivGth A 27.64 -0.88 -18.2 23.9

EqInc 19.87 -0.59 -11.9 22.8

GrOppty 29.22 NA NA NA

MidCap A 22.81 -0.15 -30.4 1.4

Hartford Funds C:

Bal IncC 13.01 -0.36 -16.3 0.4

Hartford Funds I:

BalIncI 13.22 -0.41 -15.7 3.4

DivGthI 27.47 -0.89 -18.1 24.9

EmrgMktEqInv 13.42 -0.37 -29.6 -8.2

EqIncI 19.72 -0.60 -11.7 23.7

IntlAlphaInv 12.45 -0.12 -30.8 7.7

MidCap 24.05 -0.16 -30.3 2.2

Hartford HLS Fds IA:

Balanced 25.14 -0.42 -18.4 16.0

CapApp 36.29 NA NA NA

DiscEqui 14.91 -0.46 -24.2 22.7

Div&Grwth 20.14 -0.59 -18.4 25.0

TotRetBd 9.06 NA NA NA

I

IFP US Equity Fund:

IFP US EquityFd 17.47 -0.41 -18.8 25.8

INVESCO A Shares:

AmValA 31.96 -0.37 -18.8 13.3

Invesco Fds Investor:

DivrsDiv n 17.29 -0.40 -12.1 10.3

Invesco Funds A:

500InxA 38.06 -1.13 -24.2 24.6

ActiveAllA 11.52 -0.23 -25.3 3.6

CapApprA p 47.81 -0.88 -31.2 27.3

Chart 14.26 -0.36 -26.1 15.5

CmstA 25.69 -0.49 -12.2 26.7

DevMktA 32.16 -0.70 -32.7 -18.5

DiscFdA p 69.88 0.54 -32.9 27.0

DisMdCpGrA 20.42 -0.04 -32.5 21.3

DivIncm p 22.48 -0.58 -11.0 9.6

DivrsDiv p 17.30 -0.40 -12.1 10.0

EqIncA 9.54 -0.15 -15.0 16.4

EqWtdA p 62.15 -1.63 -21.0 23.0

GblStrIncmA p 2.87 -0.07 -17.8 -15.6

GlbOppA p 39.80 -0.48 -46.3 -13.1

GrIncA 20.23 -0.41 -16.3 18.6

HYMuA 8.37 -0.15 -16.8 -7.9

IntTMIA p 9.97 -0.11 -11.9 -5.9

InvGloblFdA 76.67 -1.78 -38.3 2.6

LmtdTrmMunInc p 10.79 -0.06 -5.0 -0.8

MnStFndA 42.13 -1.08 -26.0 16.6

MnStSmCpA p 22.33 -0.37 -21.1 14.1

ModInvA 9.38 -0.18 -22.8 0.8

MunInA 11.41 -0.18 -15.5 -7.8

RchHiYldMuniA 6.51 -0.12 -17.5 -5.9

RisingDivA 19.97 -0.60 -21.7 21.3

RochAMTFrMuni 6.58 -0.10 -14.8 -3.7

RochLmtTrNYMuni p 2.72 -0.02 -9.4 -3.8

RoMu A p 14.08 -0.27 -18.6 -8.3

SenFltRtA 6.70 0.02 -1.9 2.0

ShortTerm p 7.90 -0.05 -6.2 -2.7

SP IncomeA 4.23 0.07 12.1 25.1

Invesco Funds P:

Summit P pn 17.95 -0.36 -33.9 16.6

Invesco Funds Y:

DevMktY 31.68 -0.68 -32.6 -17.9

DiscovY 86.12 0.66 -32.8 27.9

EqWtdY 63.02 -1.64 -20.9 23.9

GloblY 77.41 -1.79 -38.2 3.4

IntGrowY 28.95 -0.03 -36.2 -2.9

IntlSmCoY 33.59 -0.20 -40.7 -8.3

Ivy Funds:

AssetStrA p 18.99 -0.34 -21.5 7.8

CoreEqA t 14.74 -0.30 -23.4 29.7

LgCpGwthA p 23.80 -0.71 -30.6 27.8

LgCpGwthl r 25.75 -0.77 -30.4 29.0

MidCapI 27.74 -0.24 -34.4 23.9

MdCpGwthA p 24.64 -0.21 -34.6 22.5

ScTechA p 46.60 -0.76 -34.6 18.1

ScTechI r 56.35 -0.92 -34.5 18.8

J

Janus Henderson:

Balanced C 35.47 -0.81 -21.6 8.5

Balanced T n 35.99 -0.89 -21.3 10.9

Enterprise T n 119.78 -2.64 -23.4 14.2

Grw&Inc T n 59.91 -2.26 -23.5 16.3

Resh T n 45.23 -1.23 -33.5 16.9

Jensen I :

Jensen I 51.34 -1.63 -23.3 28.3

JensenQualGrJ n:

JensenQualGrJ n 51.40 -1.63 -23.4 27.5

JHF III DispVal:

DispVal I 19.88 -0.31 -15.2 20.4

DispValMCI 22.70 -0.41 -18.0 17.2

DispValMdCp 21.61 -0.39 -18.1 16.3

DispValMdCpR6 22.71 -0.40 -17.9 17.6

DispValR6 19.94 -0.31 -15.1 20.8

JHITFunLgCpCorFd:

FunLgCpCorA 52.74 NA NA NA

John Hancock:

500Index1 39.83 -1.19 -24.0 25.4

BondI 13.16 -0.21 -16.2 -8.4

BondR6 13.19 -0.21 -16.1 -8.1

ClassicVal I 32.75 -0.96 -18.3 13.2

IntlGrwI 22.82 NA NA NA

John Hancock Class 1:

BlueChipGrw 35.36 -0.98 -36.9 8.3

LSAggr 12.57 -0.24 -25.5 12.9

LSBalncd 12.00 -0.28 -21.6 6.4

LSGwth 12.49 -0.22 -23.5 10.3

LSModer 11.20 -0.28 -18.8 2.0

John Hancock Funds A:

BalA 21.56 NA NA NA

BondA p 13.16 -0.21 -16.4 -9.2

LifeBal 12.11 -0.27 -21.8 5.3

LifeGrw 12.53 -0.23 -23.8 9.0

John Hancock Instl:

StratIncmOppI 9.43 -0.14 -13.1 -3.5

JPMorgan A Class:

CoreBond 10.09 NA NA NA

CorePlusBd p 7.11 NA NA NA

EqInc p 20.33 NA NA NA

GwthAdv p 22.09 NA NA NA

Inv Bal p 13.91 NA NA NA

InvCon p 11.55 NA NA NA

InvG&I p 16.16 NA NA NA

InvGrwt p 19.82 NA NA NA

LgCpGwth p 44.11 NA NA NA

USEquity 16.94 NA NA NA

JPMorgan I Class:

CoreBond 10.08 NA NA NA

CorePlusBd 7.10 NA NA NA

EmMktEq I 25.19 NA NA NA

EqInc 20.72 NA NA NA

GrAdv r 23.33 NA NA NA

LgCpGwth 45.34 NA NA NA

MdCpGrw 36.34 NA NA NA

MdCpVal 34.27 NA NA NA

MtgBckd 9.94 NA NA NA

ShtDurBnd 10.43 NA NA NA

SmCap 51.60 NA NA NA

USEquity 17.00 NA NA NA

ValAdv 34.84 NA NA NA

JPMorgan Inst Class:

ValAdv L 34.89 NA NA NA

JPMorgan L Class:

Fl EmMktEq L 25.40 NA NA NA

MdCpVal L 34.88 NA NA NA

JPMorgan R Class:

CoreBond 10.09 NA NA NA

CorePlusBd 7.11 NA NA NA

HighYld r 6.02 NA NA NA

MtgBckd 9.94 NA NA NA

ShtDurBnd 10.43 NA NA NA

USRechEnhEq 28.20 NA NA NA

JPMorgan R5 Class:

SR2030 R5 16.10 NA NA NA

JPMorgPrm:

USEquity L 17.04 NA NA NA

L

Laudus Funds:

USLgCpGr nr 18.92 -0.46 -38.7 12.0

Lazard Instl:

EmgMktEq 13.73 -0.57 -24.2 -11.3

GlbLstInfr 14.26 -0.71 -10.0 6.9

IntStrtEq r 11.89 -0.11 -27.4 -9.0

USEQ Concen Inst 14.57 -0.43 -24.6 8.5

Legg Mason I:

IntlGrTrI 47.14 -0.24 -31.7 -3.5

Longleaf Partners:

Partners n 17.53 -0.62 -29.3 5.2

Sm-Cap n 20.27 -0.42 -22.9 -2.4

Loomis Sayles Fds:

LSBondI 11.30 -0.20 -14.9 -8.1

Lord Abbett A:

Affiltd p 14.79 -0.39 -19.2 7.6

BdDeb p 6.88 -0.11 -14.9 -3.7

CalibrDivGr 16.08 -0.46 -21.9 18.3

FloatRt p 7.80 -0.08 -4.1 0.6

HYMuniBd p 10.22 -0.18 -19.3 -10.3

IntrTxFr 9.72 -0.11 -12.9 -6.9

MultiAstBalOppty 9.62 -0.13 -20.1 11.4

ShtDurIncmA p 3.83 -0.02 -5.9 -1.3

TaxFr p 9.83 -0.15 -17.3 -9.6

Lord Abbett C:

ShtDurIncmC t 3.86 -0.01 -6.1 -3.1

Lord Abbett F:

BdDeb 6.87 -0.11 -14.9 -3.5

ShtDurIncm 3.83 -0.02 -5.6 -1.0

Lord Abbett I:

BdDebentr 6.84 -0.11 -14.8 -3.1

FloatRt 7.81 -0.08 -4.0 1.2

HiYld 6.01 -0.09 -16.6 -4.5

ShtDurInc p 3.83 -0.01 -5.6 -0.7

M N

MainStay Fds A:

HiYldBdA 4.79 -0.07 -11.9 -0.5

TxFrBdA 8.98 -0.11 -14.0 -6.4

Mairs&Power:

MairsPwrGr n 120.97 -2.31 -25.3 22.4

Mass Mutual:

SelBluChipGroClI 18.74 -0.43 -35.2 11.7

MassMutual Select:

MCGrEqIII 18.55 -0.23 -29.5 9.4

Matthews Asian Funds:

PacTigerInv nr 19.96 NA NA NA

Metropolitan West:

LowDurBdI 8.20 NA NA NA

TotRetBd n 9.00 NA NA NA

TotRetBdI 9.00 NA NA NA

TRBdPlan 8.44 NA NA NA

UnconstrBdI 10.24 NA NA NA

MFS Funds:

IIE 24.52 -0.10 -26.7 2.3

MFS Funds Class A:

AgGrAIA 23.49 -0.43 -24.8 11.1

CoEqyA 36.73 -0.88 -22.8 24.2

GrowthA 119.30 -2.89 -33.8 16.3

IntlVA 36.22 0.20 -31.6 -2.7

MCapA 20.64 -0.17 -33.2 9.2

MCapValA 25.61 -0.64 -18.7 18.1

MIGA 31.42 -1.09 -26.2 24.6

MITA 31.28 -0.75 -23.1 19.7

MuHiA 7.05 -0.12 -16.6 -8.6

MuInA 7.74 -0.11 -14.2 -7.6

MuLtdA 7.67 -0.05 -7.3 -3.0

ResBdA 9.23 -0.12 -15.5 -9.0

RschA 46.50 -1.03 -23.1 20.4

TotRA 17.77 -0.34 -16.6 9.3

UtilA 22.03 -1.72 -8.8 12.0

ValueA 44.40 -1.21 -17.3 14.8

MFS Funds Class I:

GrowthI 129.03 -3.13 -33.7 17.2

MCapI 22.21 -0.18 -33.1 10.1

MCapValI 26.38 -0.66 -18.6 18.9

MIGI 32.71 -1.13 -26.1 25.5

ResBdI 9.23 -0.12 -15.5 -8.5

RschI 48.01 -1.07 -22.9 21.3

ValueI 44.67 -1.22 -17.1 15.6

Morgan Stanley Inst:

CapGrI 33.08 -0.01 -55.5 3.9

CapGrP p 30.17 -0.01 -55.6 3.1

GloFranI t 27.60 -0.71 -25.4 10.2

MorganStanleyPathway:

CoreFxIcm n 6.74 -0.09 -16.7 -10.5

LgCapEq n 18.94 -0.51 -26.0 17.7

Munder Funds:

MndrIntlSmCpInv r 11.12 -0.21 -34.0 -5.9

Mutual Series:

BeacnZ 13.61 -0.32 -24.2 -0.4

GlbDiscA 25.51 -0.49 -17.2 1.3

GlbDiscz 26.20 -0.51 -17.0 2.1

QuestZ 12.19 -0.33 -15.7 -4.1

SharesZ 22.10 -0.57 -18.4 -0.5

Net YTD 3-Yr.

NAV Chg. % Ret. % Ret.

Natixis Funds:

InvGradeBdY 9.54 -0.14 -13.0 -2.2

LSGrowthY 17.86 -0.33 -31.9 16.9

Neuberger Berman Fds:

GenesInst 56.77 -0.36 -24.1 19.1

LCVal Inst 38.22 -0.78 -13.6 36.2

LgShInst 16.19 -0.21 -9.6 17.5

StrIncInst 9.18 -0.20 -14.4 -3.3

Neuberger Berman Inv:

Genes n 56.67 -0.36 -24.1 18.6

Guard n 19.84 -0.49 -26.5 37.3

LCVal n 38.23 -0.78 -13.7 35.6

Neuberger Berman Tr:

GenesisFdR6 56.80 -0.36 -24.0 19.5

Nicholas Group:

Nich n 64.24 -1.28 -24.4 23.2

Northern Funds:

BdIdx n 9.02 NA NA NA

EmMktsEqIdx nr 9.48 NA NA NA

HiYFxInc n 5.50 NA NA NA

IntlEqIdx nr 10.54 NA NA NA

IntTxExpt n 9.41 NA NA NA

MidCpIdx n 18.60 NA NA NA

SmCapIdx n 11.72 NA NA NA

SmCpVal n 17.44 NA NA NA

StkIdx n 39.88 NA NA NA

Nuveen Cl A:

AAMunBd p 9.71 NA NA NA

HiYldMuBd p 14.44 NA NA NA

LtdMnBd p 10.54 NA NA NA

Nuveen Cl I:

HYMunBd 14.44 NA NA NA

Nuveen Cl R:

IntDMunBd 8.44 NA NA NA

LmtTrmR 10.50 NA NA NA

O

Oakmark Funds Invest:

EqtyInc nr 27.85 -0.51 -18.8 13.6

Oakmark n 93.61 -1.98 -21.4 32.5

OakmrkInt n 19.18 NA NA NA

Select n 47.43 -1.23 -26.2 22.2

Old Westbury Fds:

AlCpCore n 19.00 -0.44 -27.4 22.0

CreditIncomeFd n 8.15 -0.10 -16.1 NS

FixInc pn 9.95 -0.04 -9.6 -6.0

LrgCpStr n 13.38 -0.33 -29.0 3.3

MuniBd pn 11.13 -0.07 -8.2 -4.6

Sm&MdCapStrategi n 12.63 -0.16 -30.0 -2.4

Optimum Funds Inst:

Fixed Inc 8.09 -0.11 -15.8 -9.5

LgCpGrwth 16.20 -0.46 -36.4 9.8

LgCpVal 17.52 -0.45 -17.0 16.1

Osterweis Strat Income:

OsterweisStrInc n 10.05 -0.10 -9.7 4.4

P Q

Parnassus Fds:

ParnEqFd n 46.94 -1.56 -25.9 21.8

Pax World Fds:

SustAll Inv n 22.66 -0.48 -21.1 11.5

Pear Tree:

ForeignVal I r 16.92 -0.44 -29.3 -13.3

Perm Port Funds:

Permanent n 43.42 0.17 -13.0 20.3

PGIM Funds Cl A:

HighYield 4.47 NA NA NA

JennGrowth 37.93 NA NA NA

JennUtility 14.91 NA NA NA

ShrtTermCorpBond 10.04 -0.05 -8.4 -3.4

TotalReturnBond p 11.81 NA NA NA

PGIM Funds Cl Z:

HighYield 4.48 NA NA NA

JennGrowth 42.75 NA NA NA

TotalReturnBond 11.77 NA NA NA

PIMCO Fds Instl:

AllAsset 10.23 NA NA NA

AllAssetAuth r 6.24 NA NA NA

CommodtyRR 5.24 NA NA NA

DivInc 8.83 -0.15 -17.7 -10.7

EmMktsBd 7.65 -0.24 -22.5 -16.7

HiYld 7.45 -0.10 -14.4 -3.8

IntlBdUSH 9.46 -0.12 -10.6 -7.3

InvGrdCrBd 8.49 NA NA NA

LgTrmCrdtBd 8.49 -0.29 -29.4 -19.8

LngDurTotRtrn 7.10 -0.23 -28.6 -18.4

LowDur 9.12 -0.02 -5.8 -3.0

LowDurInc r 7.81 NA NA NA

ModDur 9.19 -0.06 -10.0 -4.0

MortgOppBd 9.68 NA NA NA

RealRtnI 9.97 NA NA NA

ShortT 9.58 -0.02 -1.0 2.2

ShtAssetInv 9.82 -0.01 -0.4 1.1

StksPLS 9.66 NA NA NA

TotRetESG 7.57 -0.12 -17.0 -10.6

TotRt 8.50 -0.11 -15.6 -9.2

TrndsMgdFutStrgy 13.73 NA NA NA

PIMCO Funds A:

IncomeFd 10.29 NA NA NA

LowDurInc 7.81 NA NA NA

RealRtnA 9.97 NA NA NA

TotRetA 8.50 -0.11 -15.8 -10.1

PIMCO Funds C:

IncomeFd 10.29 NA NA NA

PIMCO Funds I2:

CommdtyRR 5.20 NA NA NA

Net YTD 3-Yr.

NAV Chg. % Ret. % Ret.

ComPLUSStrtgyFd 7.04 NA NA NA

Income 10.29 NA NA NA

IntlBdUSH 9.46 -0.12 -10.7 -7.6

InvstGrCrBd 8.49 NA NA NA

LowDurInc 7.81 NA NA NA

RealRtn 9.97 NA NA NA

ShtTm 9.58 -0.02 -1.1 1.8

TotRt 8.50 -0.11 -15.7 -9.4

PIMCO Funds Instl:

ComPLUSStrtgyFd 7.14 NA NA NA

DynamicBd 9.58 -0.08 -8.5 -1.2

IncomeFd 10.29 NA NA NA

InflRespMulAsset 7.60 NA NA NA

Pioneer Funds A:

CoreEqA 17.40 -0.40 -25.6 23.2

DiscGrA 12.55 -0.23 -27.5 33.4

PioFdA 27.98 -0.57 -25.8 26.8

Pioneer Funds Y:

BondY 8.05 -0.14 -14.9 -6.0

StratIncY p p 9.05 -0.19 -13.9 -3.1

Price Funds:

2050RetFd n 14.48 -0.31 -25.7 11.2

Balnanced n 21.61 -0.52 -22.4 6.3

BlChip n 111.28 -3.12 -37.4 8.5

Communica&Tech n 111.10 -2.53 -39.2 11.8

DivGro n 59.58 -1.85 -18.9 24.1

EmMktS n 31.42 -0.82 -30.6 -18.0

EqInc n 30.42 -1.12 -14.3 16.7

EqIndex n 94.26 -3.19 -24.0 25.9

GlbStk n 42.35 -0.60 -33.3 25.1

GlbTech n 11.11 -0.14 -52.3 2.2

Growth n 65.11 -1.64 -38.8 10.8

HelSci n 83.98 0.14 -19.3 41.5

InstFLRfd r 9.08 -0.11 -3.5 5.2

InstHiYld 7.17 -0.13 -15.2 -3.9

LgCapGow I 47.74 -1.11 -35.1 22.8

InstLCCoreGr 44.20 -1.24 -37.3 8.9

LgCpVal 23.59 -0.74 -15.1 17.6

InstSmCap 24.17 -0.26 -26.4 15.4

IntDis n 52.25 -0.63 -37.9 2.7

IntlStk n 14.75 -0.13 -25.8 -4.4

MCapVal n 28.35 -0.52 -15.7 24.4

MCEqGr 52.37 -0.62 -29.2 8.4

MidCap n 83.97 -0.98 -28.4 9.0

N Asia n 14.62 -0.30 -30.5 -4.0

NAmer n 50.16 -0.73 -26.5 42.2

New Era n 37.09 0.17 -7.4 22.1

NHoriz n 48.15 -0.27 -37.3 18.2

OverS SF nr 9.61 -0.15 -27.6 -2.6

QMUSSmCpGrEq n 33.50 0.07 -27.7 8.2

SpectModerGwAllo n 31.96 -0.70 -24.8 6.5

R2010 n 14.37 -0.25 -18.1 3.8

R2015 n 11.99 -0.21 -18.4 5.1

R2020 n 17.97 -0.32 -19.1 6.5

R2025 n 15.53 -0.29 -20.4 8.0

R2030 n 22.92 -0.45 -22.3 8.8

R2035 n 17.39 -0.36 -23.9 9.5

R2040 n 24.54 -0.52 -25.1 10.3

Ret2045 n 17.13 -0.37 -25.6 11.3

Ret2055 n 14.97 -0.33 -25.8 11.0

RetBal Inc n 12.53 -0.22 -16.8 4.9

SciTec n 27.26 -0.38 -37.2 9.3

Sht-Bd n 4.47 -0.02 -5.4 -0.7

SmCap n 48.12 -0.92 -22.1 17.1

SmCapStk n 51.24 -0.55 -26.5 15.6

SpecGr n 20.53 -0.49 -25.1 15.9

SpecInc n 10.75 -0.20 -14.3 -4.9

SuMuInt n 10.84 -0.11 -10.6 -4.7

TF Incom n 10.41 -0.18 -15.7 -6.9

TotIndex n 38.81 -1.06 -25.1 22.6

U.S.EqResch n 34.32 -0.96 -24.1 27.2

USLrgCpCore n 27.94 -0.71 -22.0 22.2

Value n 38.17 -1.31 -20.1 19.8

Price Funds - Adv Cl:

BlChip p 108.49 -3.05 -37.5 7.6

Growth p 63.08 -1.59 -38.9 9.8

R2030A p 22.62 -0.44 -22.4 8.0

Price Funds - R Cl:

R2030R p 22.32 -0.44 -22.6 7.2

PRIMECAP Odyssey Fds:

AggGrowth nr 37.04 -0.05 -29.7 11.6

Growth nr 34.01 -0.24 -22.9 20.4

Stock nr 31.52 -0.30 -21.5 18.9

Principal Investors:

HiYld IN 7.72 -0.16 -14.0 -2.3

InfPro IN 8.00 -0.21 -13.8 1.6

LgIndxI 18.45 -0.54 -23.9 25.8

LT2020 In 11.74 -0.19 -18.5 4.4

LT2030In 12.62 -0.24 -21.9 6.8

LT2040I 13.49 -0.28 -24.3 8.2

LT2050I 13.84 -0.31 -25.8 8.9

MidCpBldA 28.68 -0.63 -29.0 11.0

PreSecI 8.63 -0.26 -13.4 -3.4

PtrLGI In 14.18 -0.34 -36.2 15.8

PtrLV In 16.56 -0.38 -15.6 14.8

RealEstSecI 25.05 -0.93 -26.9 -0.7

SAMBalA p 13.65 -0.34 -21.6 3.3

SAMGrA p 15.79 -0.38 -23.9 6.6

Putnam Funds Class A:

DynAAGthA 14.82 -0.25 -22.6 9.5

PutLargCap p 26.72 -0.64 -13.5 26.4

GlbHlthCare p 53.05 -0.18 -16.4 36.0

GrOpp p 40.23 -1.04 -31.4 27.0

StDurInc 9.98 -0.01 0.0 1.9

SustainLdrsFd p 90.33 -2.24 -27.1 26.2

Putnam Funds Class Y:

GrOpp Y 42.81 -1.10 -31.2 27.9

Incm 5.68 -0.09 -15.3 -11.8

PutLargCap 26.72 -0.64 -13.3 27.3

StDurInc 9.99 -0.01 0.1 2.2

Net YTD 3-Yr.

NAV Chg. % Ret. % Ret.

R

RiverNorth Funds:

RNDLIncomeI 8.53 NA NA NA

Russell Funds S:

StratBd 9.16 NA NA NA

TaxExBd 21.00 NA NA NA

TxMngUSLgCp 53.48 NA NA NA

S

Schwab Funds:

1000 Inv nr 77.80 -2.15 -24.9 24.6

CoreEq n 18.30 -0.53 -23.1 19.4

FunIntlLgInst nr 7.88 -0.19 -22.1 0.0

FunUSLgInst nr 19.00 -0.53 -17.2 29.4

InflProSel n 10.31 -0.48 -15.4 0.1

IntI Sel nr 17.16 -0.24 -27.5 -5.8

S&P Sel n 55.53 -1.64 -23.9 26.5

SmCp Sel nr 26.91 -0.22 -25.1 13.6

TSM Sel nr 61.78 -1.65 -24.9 24.2

USSmCoIdx nr 13.51 -0.29 -22.9 17.3

SEI Portfolios:

CoreFxIn F 9.37 -0.11 -16.6 -10.3

IntlEmg F 9.18 -0.31 -28.8 -8.7

IntlEq F 8.66 -0.13 -28.7 -4.5

IntMuni F 10.60 -0.11 -11.2 -4.9

TaxMgdLC F 28.89 NA NA NA

Sequoia:

SequoiaFd n 114.63 -2.68 -36.1 4.7

SmeadFds:

SmeadValueInstl 59.29 -0.42 -14.3 34.9

SSgA Funds:

SP500 n 204.63 -6.09 -24.0 26.4

T

TCW Funds:

EmMktInc n 5.70 NA NA NA

TotRetBondI n 8.29 NA NA NA

Thompson IM Fds,Inc:

Bond n 10.00 -0.18 -6.1 -1.1

Thornburg Fds:

IncBuildA t 19.22 -0.57 -18.3 2.6

IntVal I 18.97 -0.31 -29.8 0.5

LtdTIncI 12.38 -0.08 -8.3 -1.7

LtdTMu I 13.26 -0.07 -7.0 -3.5

Thrivent Funds A:

LgCpStk 21.35 NA NA NA

MidCapStk 25.17 NA NA NA

Thrivent Funds S:

LgCpVal n 24.40 NA NA NA

MidCapStk n 29.60 NA NA NA

TIAA-CREF/Instl Cl:

CoreBond Inst 8.88 -0.13 -15.0 -8.9

CorePlsBd 8.88 -0.15 -15.1 -8.3

TIAA-CREF/Retail Cl:

Gro&Inc n 18.95 -0.52 -26.7 19.5

TIAA/CREF Funds:

BdIdxInst 9.36 -0.10 -14.6 -9.9

EqIdxInst 25.79 -0.68 -24.6 24.9

Gr&IncInst 12.54 -0.35 -26.7 20.5

HgYldInst 7.95 -0.13 -13.8 -4.6

IntlEqIdxInst 16.62 -0.23 -27.4 -5.7

IntlEqInst 9.94 -0.09 -29.7 -0.5

LC2040Inst 8.90 -0.15 -23.1 10.1

LCIdx2020Inst 16.58 -0.27 -18.9 4.3

LCIdx2025Inst 17.97 -0.31 -19.9 5.8

LCIdx2035Inst 20.50 -0.40 -22.3 8.5

LCIdx2040Inst 21.44 -0.45 -23.2 10.2

LCIdx2045Inst 22.01 -0.49 -24.1 12.0

LrgCpGrIdxInst 40.09 -1.18 -30.7 35.3

LrgCpGrInst 15.74 -0.39 -34.5 20.0

LrgCpVl IdxInst 20.21 -0.53 -17.7 13.6

LrgCpVl Inst 17.66 -0.39 -18.7 16.6

QuantSmCpEqInst14.90 -0.02 -21.8 18.7

RealSecInst 16.11 -0.64 -31.4 -2.5

S&P500IdxInst 39.66 -1.18 -23.9 26.4

S&P500IdxRet 39.32 -1.17 -24.0 25.5

SmCpBl IdxInst 19.22 -0.16 -25.0 13.8

SocChEqInst 21.27 -0.46 -25.1 24.3

Tortoise Capital:

TorMLPPipInsCl 12.15 0.04 11.6 11.9

Touchstone Funds Gro:

MdCpY 39.51 -0.84 -20.4 8.5

Touchstone Strategic:

LagCapFoc A p 44.87 -1.05 -23.6 30.0

Transamerica A:

AsAlModGr p 10.34 -0.18 -23.2 5.7

Trust for Professional Ma:

PrfTrtStrtBd Ins 19.03 -0.26 -14.2 -7.8

Tweedy Browne Fds:

GblValue n 24.44 -0.18 -16.0 -0.9

U

UM Funds:

BehavVal 72.90 NA NA NA

USAA Group:

500Indx Reward n 46.52 -1.36 -24.5 27.6

CrnstModAggr n 22.79 -0.41 -19.6 2.0

Gr&Inc n 19.30 -0.48 -23.8 17.5

Grwth n 23.76 -0.48 -34.5 15.0

Inco n 11.03 NA NA NA

IncStk n 16.71 -0.44 -15.0 13.8

IntmTerm n 12.06 NA NA NA

LgTerm n 11.44 NA NA NA

Nasdaq100 n 29.10 -0.91 -32.6 43.3

Net YTD 3-Yr.

NAV Chg. % Ret. % Ret.

ntTerBd n 8.90 NA NA NA

S&PIdx n 46.49 -1.36 -24.6 27.2

TarRet2040 n 10.97 NA NA NA

V

VALIC:

IntlEq 5.94 -0.08 -27.7 -7.2

MidCpIdx 23.22 -0.36 -21.7 17.9

SciTech 19.67 -0.33 -38.1 21.1

StckIdx 41.41 -1.23 -24.0 25.5

VANGUARD ADMIRAL:

400MCpIdxInst296.24 -6.35 -21.6 18.9

500Adml n 330.83 -11.31 -23.9 26.4

BalAdml n 38.16 -0.76 -20.8 11.0

CAITAdml n 10.78 -0.10 -10.1 -4.4

CALTAdml n 10.64 -0.15 -14.4 -7.3

CapOpAdml nr 146.60 -0.57 -24.3 27.3

DivAppIdxAdm n 36.66 -1.10 -20.2 19.4

EMAdmr n 30.44 -0.83 -24.0 -1.7

EnergyAd nr 50.68 0.56 34.7 48.8

EnergyAdml nr 77.88 -0.88 7.6 0.9

EqIncAdml n 79.28 -2.09 -12.2 21.3

EuropeAdml n 57.78 -0.39 -30.7 -5.8

ExplrAdml n 85.59 -0.54 -28.1 20.5

ExtndAdml n 96.43 -1.04 -30.0 13.3

GNMAAdml n 9.07 -0.06 -12.6 -9.8

GroIncAdml n 80.01 -2.05 -22.7 28.2

GrwthAdml n 110.10 -3.35 -33.0 31.3

HltClxAd nr 111.74 -1.60 -15.3 38.7

HlthCareAdml nr 81.84 1.14 -11.5 33.3

HYCorAdml nr 4.98 -0.07 -13.2 -2.7

InfProAd n 23.33 -1.01 -15.0 0.2

InfTechIdx n 157.29 -6.31 -32.5 46.4

IntlGrAdml n 85.60 -1.15 -38.5 11.4

ITBondAdml n 9.96 -0.10 -14.9 -8.8

ITIGradeAdml n 8.11 -0.12 -16.7 -8.5

ITsryAdml n 9.91 -0.04 -11.2 -6.4

ITTresIdx n 19.65 -0.12 -11.7 -7.8

LarCapAd n 82.55 -2.40 -25.0 25.7

LTGradeAdml n 7.59 -0.29 -28.4 -19.5

LTsryAdml n 8.95 -0.27 -28.6 -23.0

LTTresIdx n 21.11 -0.66 -28.7 -23.9

MidCpAdml n 232.85 -5.23 -25.4 17.3

MuHYAdml n 9.95 -0.14 -15.1 -6.2

MuIntAdml n 12.96 -0.12 -10.2 -3.8

MuLTAdml n 10.17 -0.13 -14.4 -6.3

MuLtdAdml n 10.51 -0.05 -4.9 -0.5

MuShtAdml n 15.46 -0.03 -1.9 0.7

NJLTAdml n 10.61 -0.15 -14.3 -5.5

NYLTAdml n 10.11 -0.13 -14.8 -7.3

PacifAdml n 70.91 -2.34 -25.9 -6.0

PALTAdml n 10.19 -0.12 -13.8 -6.0

PrmcpAdml nr 130.87 -0.34 -22.8 23.8

RealEstatAdml n 113.62 -4.65 -29.3 -4.7

S&PSC600Idx 324.40 -4.61 -23.2 17.4

SmCapAdml n 81.89 -1.11 -23.7 15.7

SmGthAdml n 68.60 -0.13 -30.5 8.7

STBondAdml n 9.81 -0.01 -6.5 -2.9

STCorpIx n 20.21 -0.13 -7.6 -2.5

STFedAdml n 10.08 -0.02 -5.6 -1.5

STIGradeAdml n 9.84 -0.04 -7.4 -2.2

STIPSIxAdm n 23.69 -0.65 -4.0 7.2

STsryAdml n 9.95 -0.01 -5.1 -1.7

STTresIdx n 19.24 -0.03 -4.7 -2.0

TotBdAdml n 9.39 -0.10 -14.6 -9.5

TotIntBdIdxAdm n 19.08 -0.17 -12.9 -12.1

TotIntlAdmIdx nr 24.59 -0.50 -26.8 -3.5

TotStAdml n 87.31 -2.34 -24.9 24.5

TxMBal nr 34.69 -0.59 -17.2 11.0

TxMCapAdml n 185.35 -4.94 -24.5 26.2

TxMIn nr 11.68 -0.21 -27.7 -3.7

TxMSC nr 71.02 -1.02 -23.2 17.2

USGroAdml n 102.45 -2.14 -39.2 20.0

UtilIxAd nr 71.32 -7.31 -7.0 8.6

ValAdml n 48.11 -1.33 -14.6 19.6

WdsrllAdml n 63.61 -1.70 -21.7 26.6

WellsIAdml n 58.52 -1.17 -14.7 2.9

WelltnAdml n 65.89 -1.53 -20.2 10.7

WndsrAdml n 69.06 -1.60 -14.7 30.1

VANGUARD FDS:

CAIT n 10.78 -0.10 -10.2 -4.6

DivdGro n 31.97 -0.89 -15.9 23.0

DivrEq n 38.32 -0.81 -27.2 25.4

Energy nr 41.50 -0.47 7.5 0.7

EqInc n 37.83 -1.00 -12.3 21.0

Explr n 91.98 -0.58 -28.2 20.1

FTAlWldInAdml n 27.53 -0.55 -26.4 -3.6

GlbCapCyl Inv nr 9.95 -0.01 -9.9 35.0

GlbEq n 27.07 -0.50 -29.6 7.0

GloMinVolFdAdm n 25.80 -0.64 -12.7 -3.0

GNMA n 9.07 -0.06 -12.7 -10.0

GroInc n 49.02 -1.25 -22.7 27.8

HlthCare nr 194.06 2.71 -11.5 33.1

HYCor nr 4.98 -0.07 -13.3 -3.0

InflaPro n 11.88 -0.51 -15.1 -0.1

IntlExplr n 13.32 -0.20 -37.4 -11.9

IntlGr n 26.90 -0.36 -38.6 11.0

IntlVal n 31.73 -0.47 -23.7 -2.3

ITIGrade n 8.11 -0.12 -16.8 -8.8

LifeCon n 18.50 -0.37 -18.8 -0.7

LifeGro n 33.74 -0.71 -23.4 8.3

LifeInc n 14.01 -0.23 -16.3 -5.5

LifeMod n 26.24 -0.47 -21.1 3.8

LTIGrade n 7.59 -0.29 -28.5 -19.7

MATxEx n 9.53 -0.13 -14.5 -6.7

MidCpGro pn 17.99 -0.18 -33.3 4.1

MuHY n 9.95 -0.14 -15.1 -6.4

MuInt n 12.96 -0.12 -10.3 -4.1

OHLTte n 10.90 -0.15 -15.3 -6.9

Primcp nr 126.26 -0.33 -22.8 23.5

PrmcpCor n 26.49 -0.19 -21.2 21.2

SelValu nr 24.42 -0.49 -20.3 15.4

STAR n 24.34 -0.41 -23.3 8.9

STIGrade n 9.84 -0.04 -7.4 -2.5

StratgcEq n 30.70 -0.33 -20.8 23.4

StrSmCpEqInv n 30.44 -0.17 -22.0 23.5

TgtRe2020 n 25.37 -0.38 -18.2 3.5

TgtRe2025 n 16.20 -0.28 -20.4 4.2

TgtRe2030 n 30.12 -0.56 -21.6 5.6

TgtRe2035 n 18.50 -0.36 -22.4 7.3

TgtRe2040 n 32.25 -0.68 -23.3 9.0

TgtRe2045 n 21.54 -0.47 -24.1 10.7

TgtRe2050 n 35.44 -0.80 -24.4 10.6

TgtRe2060 n 36.30 -0.82 -24.4 10.6

TgtRet2055 n 39.46 -0.89 -24.4 10.6

TgtRetInc n 12.00 -0.22 -15.9 -0.1

USGro n 39.52 -0.83 -39.2 19.6

WellsI n 24.16 -0.48 -14.7 2.7

Welltn n 38.16 -0.89 -20.2 10.5

Wndsr n 20.48 -0.48 -14.7 29.7

WndsrII n 35.86 -0.96 -21.7 26.3

VANGUARD INDEX FDS:

500 330.89-11.22 -23.9 26.0

EmgMktInstPl 77.00 -2.09 -24.0 -1.5

ExtndIstPl 237.95 -2.56 -30.0 13.3

FTAIWdInPl 92.42 -1.85 -26.4 -3.4

IdxIntl 14.70 -0.30 -26.8 -3.7

ITTresIdx Inst 24.39 -0.14 -11.7 -7.8

LTTresIdx Inst 26.79 -0.84 -28.7 -23.8

MdCpGrAdml n 73.37 -0.79 -32.7 17.2

MdCpVlAdml n 63.03 -2.09 -17.8 15.3

SmValAdml n 61.58 -1.36 -18.7 18.1

TotBd2 9.28 -0.09 -14.6 -9.9

TotIntlInstIdx r 98.31 -2.00 -26.8 -3.4

TotItlInstPlId r 98.34 -2.00 -26.7 -3.4

TotSt 87.30 -2.34 -24.9 24.1

VANGUARD INSTL FDS:

BalInst 38.17 -0.76 -20.7 11.0

DevMktsIndInst 11.69 -0.21 -27.7 -3.7

DevMktsInxInst 18.28 -0.32 -27.7 -3.7

EmMkInst r 23.15 -0.62 -24.0 -1.6

ExtndInst 96.42 -1.04 -30.0 13.3

FTAlWldIst r 87.27 -1.75 -26.4 -3.5

FTScinst 23.89 -0.71 -27.9 24.9

GrwthInst 110.11 -3.34 -33.0 31.3

InPrSeIn 9.50 -0.41 -15.0 0.3

InstIdx 303.59 -9.01 -23.9 26.5

InstPlus 303.58 -9.01 -23.9 26.5

InstTStPlus 63.53 -1.70 -24.9 24.6

ITBdInst 9.96 -0.10 -14.9 -8.8

ITBdInstPI 9.96 -0.10 -14.9 -8.7

LaCapInst 339.77 -9.86 -25.0 25.8

MidCpInst 51.44 -1.15 -25.4 17.4

MidCpIstPl 253.68 -5.70 -25.4 17.4

RealEstaInstl 17.58 -0.72 -29.3 -4.7

Rs1000GrwIdxInst415.86-13.37 -30.7 35.3

Rs1000Vl IdxInst232.61 -7.64 -17.8 13.5

Russ1000IdxInst315.80-10.28 -24.6 25.6

Russ3000Idx 311.28 -9.57 -24.7 24.7

SmCapInst 81.89 -1.11 -23.7 15.7

SmCapIstPl 236.35 -3.21 -23.7 15.8

SmGthInst 54.93 -0.11 -30.5 8.7

SmValInst 34.42 -0.76 -18.7 18.1

STBdIdxInstPl 9.81 -0.01 -6.5 -2.8

STBDInst 9.81 -0.01 -6.5 -2.8

STCorpIxInst p 24.74 -0.16 -7.6 -2.5

STIGradeInst 9.84 -0.04 -7.3 -2.1

STIPSIxins 23.70 -0.66 -4.0 7.2

TotBdInst 9.39 -0.10 -14.6 -9.5

TotBdInst2 9.28 -0.09 -14.6 -9.7

TotBdInstPl 9.39 -0.10 -14.6 -9.5

TotIntBdIdxInst 28.63 -0.26 -12.8 -12.0

TotStInst 87.32 -2.34 -24.9 24.6

TtlWrldIxInst p 161.04 -3.93 -25.6 12.0

TxMCaInst r 92.09 -2.45 -24.5 26.3

ValueInst 48.11 -1.33 -14.6 19.7

Victory Funds:

EstValA 42.30 -0.83 -13.9 29.0

EstValI 42.33 -0.83 -13.7 30.3

SmCoOppI 43.69 -0.79 -16.8 16.7

Virtus Equity Trust:

SmCapSusI 33.50 -0.39 -31.3 11.3

VirtusFunds:

CeredexMdCpVlEqI 9.66 -0.38 -23.3 5.8

VirtusFunds Cl I:

EmMktI 7.40 -0.12 -26.4 -14.9

MulSStI 4.32 NA NA NA

Vivaldi Merger:

Arbitrage Fund 10.61 0.01 0.7 11.6

Voya Fds:

InmdBdI 8.50 NA NA NA

WXYZ

Wasatch:

CoreGr n 61.04 -0.65 -35.2 16.5

WCM:

FcusEmgMk Inst 11.76 -0.36 -37.0 -3.7

WCM Focus Funds:

WCMFocIntlGrwIns 17.36 -0.19 -37.3 6.9

Western Asset:

CoreBondI 10.47 NA NA NA

CoreBondIS 10.48 NA NA NA

CorePlusBdA 9.17 NA NA NA

CorePlusBdI 9.18 NA NA NA

CorePlusBdIS 9.18 NA NA NA

ManagedMuniA 14.30 NA NA NA

SMAShCrPlCp n 5.96 NA NA NA

SmashSerC n 8.41 NA NA NA

SmashSerM n 7.97 NA NA NA

Wm Blair Funds Cl I:

SmMidI r 24.56 -0.09 -29.3 5.9

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:44

44 BARRON’S October 3, 2022

DATA MARKET LABORATORY BARRONS.COM/DATA

Trading Diary

Market Advance/Decline Volumes

Daily Sep 26 27 28 29 30

NY Up 125,388 485,246 941,774 127,360 652,334

NY Off 916,847 493,051 80,499 875,141 888,450

NY Up - Comp. 647,321 2,337,814 4,179,014 738,567 2,256,281

NY Off - Comp. 4,159,648 2,134,342 474,460 3,919,790 3,304,771

NYSE Amer UP 3,291 7,167 10,800 3,373 13,738

NYSE Amer Off 9,599 3,301 2,519 8,909 11,120

NASD Up 1,315,524 2,597,659 3,866,894 706,867 1,377,576

NASD Off 3,334,926 1,727,392 658,007 3,781,795 3,217,667

NYSE Arca UP 67,349 143,550 337,426 59,980 108,783

NYSE Arca Off 298,769 233,938 53,831 290,145 266,017

% (QCHA) –1.69 –.30 +2.15 –2.01 –.18

% (QACH) –2.19 +.42 +2.85 –.76 +.85

% (QCHAQ) –1.07 –.08 +5.35 –1.11 +.23

Market Advance/Decline Totals

NYSE NYSE Weekly Comp. NYSE Amer Nasdaq Arca

Total Issues 3,588 314 5,578 1,945

Advances 1,184 142 2,173 320

Declines 2,336 158 3,142 1,612

Unchanged 68 14 263 13

New Highs 52 3 146 53

New Lows 1,575 123 1,767 1,341

Week ended last Friday compared to previous Friday

NYSE Composite Daily Breadth

Daily Sep 26 27 28 29 30

Issues Traded 3,437 3,431 3,425 3,396 3,360

Advances 572 1,579 2,854 558 1,380

Declines 2,715 1,687 438 2,702 1,817

Unchanged 150 165 133 136 163

New Highs 11 15 12 8 4

New Lows 1,083 893 294 820 485

Blocks - primary 4,964 4,750 5,007 4,950 5,671

Total (000) - primary 1,056,661 995,583 1,030,534 1,006,017 1,564,737

Total (000) 4,886,141 4,577,745 4,684,850 4,681,818 5,645,365

NYSE American Composite

Daily Sep 26 27 28 29 30

Issues Traded 295 290 290 288 299

Advances 73 137 213 105 138

Declines 210 142 69 176 148

Unchanged 12 11 8 7 13

New Highs ... 1 ... ... ...

New Lows 95 57 16 35 26

Blocks - primary 134 134 128 123 183

Total (000) - primary 13,208 11,220 13,328 12,308 25,134

Total (000) 189,001 184,647 197,434 181,400 178,830

Nasdaq

Daily Sep 26 27 28 29 30

Issues Traded 5,073 5,050 4,926 4,926 4,870

Advances 1,433 2,376 3,674 1,147 1,935

Declines 3,312 2,312 1,003 3,520 2,668

Unchanged 328 362 249 259 267

New Highs 24 31 31 19 38

New Lows 982 893 365 759 555

Blocks - primary 26,743 22,089 21,987 21,877 24,018

Total (000) 4,697,735 4,445,053 4,556,109 4,516,636 4,649,718

NYSE Arca Composite

Daily Sep 26 27 28 29 30

Issues Traded 1,769 1,746 1,743 1,727 1,733

Advances 180 639 1,553 200 376

Declines 1,580 1,084 184 1,506 1,334

Unchanged 9 23 6 21 23

New Highs 39 42 9 10 10

New Lows 1,027 949 204 465 441

Blocks - primary 1,554 1,650 1,438 1,440 1,584

Total (000) - primary 366,603 381,721 391,618 356,704 379,922

Total (000) 2,108,375 2,298,146 2,179,610 2,024,294 2,072,159

DJ Half-Hourly Averages

Dow Jones 30 Industrial (divisor: 0.15172752595384)

Daily Sep 26 27 28 29 30

Open (t) 29469.01 29490.36 29244.86 29490.89 29122.20

Open (a) 29536.84 29419.88 29198.92 29513.73 29123.03

10:00 29519.70 29523.71 29230.05 29204.42 29222.61

10:30 29613.22 29430.71 29368.51 29127.32 29153.04

11:00 29557.51 29528.63 29395.30 29181.16 29235.43

11:30 29385.72 29291.66 29431.62 29215.93 29312.63

12:00 29460.93 29212.78 29495.86 29319.82 29135.11

12:30 29313.67 29075.91 29527.01 29229.66 29096.14

1:00 29378.98 29108.08 29596.68 29183.77 29119.90

1:30 29224.83 29034.27 29606.16 29131.41 29131.04

2:00 29183.83 29014.12 29568.99 29045.01 28985.92

2:30 29212.17 29066.37 29572.92 29070.03 28967.37

3:00 29344.88 29190.81 29610.65 29018.25 28866.60

3:30 29330.54 29126.72 29714.75 29127.98 28935.80

Close 29260.81 29134.99 29683.74 29225.61 28725.51

High (t) 29781.71 29744.17 29833.38 29602.74 29426.47

Low (t) 29059.26 28914.60 29005.19 28898.41 28685.86

High (a) 29630.77 29659.12 29811.78 29513.73 29355.78

Low (a) 29161.12 28958.22 29114.97 28997.34 28715.85

Change –329.60 –125.82 +548.75 –458.13 –500.10

Theoretical (t): High 29833.38 Low 28685.86

Actual (a): High 29811.78 Low 28715.85

Dow Jones 20 Transport (divisor: 0.16343894576034)

Open (t) 12077.48 12092.41 12158.97 12315.00 12207.37

Open (a) 12101.46 12061.67 12153.96 12326.63 12210.07

10:00 12141.90 12179.52 12237.27 12220.43 12216.90

10:30 12187.79 12124.21 12236.95 12206.05 12294.28

11:00 12159.60 12216.58 12341.38 12220.04 12308.48

11:30 12100.28 12178.22 12366.05 12258.19 12325.88

12:00 12072.78 12090.37 12393.52 12229.52 12282.75

12:30 12075.65 12014.52 12461.04 12228.69 12235.00

1:00 12004.67 11993.14 12435.19 12223.75 12241.41

1:30 11984.98 11981.66 12459.05 12200.49 12233.43

2:00 11978.76 11956.69 12432.04 12183.01 12181.55

2:30 12011.52 11978.25 12448.20 12154.14 12180.97

3:00 11994.72 12061.85 12439.91 12172.65 12153.53

3:30 12044.46 12147.77 12475.19 12202.12 12124.79

Close 11999.40 12153.35 12457.13 12257.91 12058.26

High (t) 12281.25 12341.03 12553.22 12394.41 12396.98

Low (t) 11908.42 11927.39 12092.16 12098.86 11990.32

High (a) 12227.96 12229.37 12526.85 12337.79 12357.72

Low (a) 11946.21 11953.30 12150.17 12134.30 12051.56

Change –129.90 +153.95 +303.78 –199.22 –199.65

Theoretical (t): High 12553.22 Low 11908.42

Actual (a): High 12526.85 Low 11946.21

Dow Jones 15 Utilities (divisor: 1.27924906167720)

Open (t) 975.03 959.13 946.33 939.36 911.29

Open (a) 975.64 959.55 942.99 939.90 910.96

10:00 967.18 959.42 939.46 927.12 902.06

10:30 967.45 949.71 944.08 920.43 899.55

11:00 969.11 952.30 944.67 921.07 902.96

11:30 963.88 948.56 943.19 922.23 901.39

12:00 959.09 940.91 941.63 919.50 898.54

12:30 956.97 935.72 946.78 917.79 893.14

1:00 951.68 936.18 947.45 915.60 896.68

1:30 946.56 936.58 949.33 912.83 895.37

2:00 947.83 932.34 946.00 909.89 894.77

2:30 952.26 933.23 943.35 906.25 894.40

3:00 950.70 937.96 944.72 910.16 890.61

3:30 953.51 937.60 947.67 910.57 890.72

Close 953.48 934.23 944.84 906.00 888.47

High (t) 977.47 961.49 951.98 941.08 914.00

Low (t) 944.64 930.16 932.64 903.59 885.69

High (a) 977.46 959.71 950.35 940.66 913.72

Low (a) 944.69 930.70 933.45 905.05 887.07

Change –25.04 –19.25 +10.61 –38.84 –17.53

Theoretical (t): High 977.47 Low 885.69

Actual (a): High 977.46 Low 887.07

Dow Jones 65 Composite (divisor: 0.77130165331605)

Open (t) 9973.39 9954.38 9898.97 9968.86 9826.99

Open (a) 9992.84 9934.70 9883.33 9976.72 9827.16

10:00 9988.36 9969.43 9909.30 9871.97 9862.20

10:30 10019.23 9934.38 9948.54 9849.50 9826.47

11:00 9994.53 9970.42 9959.15 9858.60 9849.45

11:30 9931.19 9887.04 9981.24 9868.74 9873.28

12:00 9950.76 9858.20 10002.46 9889.54 9816.29

12:30 9894.00 9811.03 10011.81 9854.34 9797.50

1:00 9913.39 9828.42 10029.49 9844.10 9807.58

1:30 9855.72 9802.01 10030.58 9825.74 9810.79

2:00 9848.30 9794.59 10019.42 9792.78 9766.82

2:30 9859.97 9813.08 10016.24 9804.48 9754.42

3:00 9902.99 9878.07 10029.95 9786.12 9722.11

3:30 9901.64 9863.05 10060.27 9824.73 9746.52

Close 9880.16 9856.09 10046.00 9849.26 9679.49

High (t) 10082.14 10060.91 10107.66 10010.55 9931.52

Low (t) 9806.57 9758.11 9814.95 9747.20 9652.69

High (a) 10027.10 10012.22 10094.95 9976.72 9885.57

Low (a) 9835.35 9774.68 9855.22 9780.04 9675.57

Change –133.89 –24.07 +189.91 –196.74 –169.77

Theoretical (t): High 10107.66 Low 9652.69

Actual (a): High 10094.95 Low 9675.57

Other Market Indexes

Daily 9/26 9/27 9/28 9/29 9/30

NYSE Amer Comp 3791.97 3871.03 4078.59 4082.86 4071.89

AmMajorMkt 2567.80 2546.65 2589.69 2552.59 2510.61

BNY ADR Idx 120.20 120.14 122.27 120.65 120.20

Europe 111.51 111.55 113.95 113.33 112.76

Latin Am 171.89 172.68 174.76 172.48 174.48

Asia 146.45 145.97 147.79 143.99 143.35

Emerg M 252.34 251.70 254.56 247.87 248.89

DJ US TSM Float36658.65 36621.23 37402.71 36597.98 36097.99

Nasdaq Cmp 10802.92 10829.50 11051.64 10737.51 10575.62

100 Index 11254.11 11271.75 11493.83 11164.78 10971.22

Indus. 8230.31 8251.86 8478.24 8204.30 8098.19

Insur. 9875.18 9924.41 10137.06 10069.85 10001.98

Banks 4064.17 4012.26 4078.84 4017.81 3992.13

Computer 8091.12 8112.45 8214.23 7963.71 7807.35

Telecom 337.02 335.95 345.00 338.53 333.05

NYSE Comp.-z 13580.39 13541.76 13833.18 13608.29 13472.18

Financial-z 7842.24 7782.15 7921.90 7788.39 7747.27

Health Care-z20997.13 20939.16 21367.10 21215.49 20936.55

Energy-z 10534.69 10692.12 11112.19 11078.92 11004.62

Russell 1000 2005.46 2002.63 2044.06 2000.55 1972.29

2000 1655.88 1662.51 1715.24 1674.93 1664.72

3000 2109.75 2107.46 2152.45 2106.34 2077.61

Value-v 1354.28 1348.94 1379.78 1355.10 1339.62

Growth-v 2165.44 2167.69 2208.01 2153.76 2117.70

MidCap 2492.56 2491.09 2558.31 2503.95 2484.49

S&P 100 Index 1667.92 1664.62 1694.11 1655.25 1625.76

500 3655.04 3647.29 3719.04 3640.47 3585.62

Ind. 5093.27 5087.40 5189.65 5078.22 4996.32

MidCap 2204.32 2206.14 2265.96 2218.67 2203.53

SmallCap 1064.45 1065.33 1094.79 1071.95 1064.95

Value Line(A) 7707.61 7716.12 7925.21 7755.82 7679.59

Value Line(G) 493.79 494.24 507.53 496.54 491.56

DJ US Small TSM11195.10 11231.83 11576.61 11303.03 11230.01

(A)-Arithmetic Index. (G)-Geometric Index.

(v)-Value 1000 and Growth 1000. (y)-Dec. 31,1965=50. (z)-Dec. 31,2002=5000.

The Dow Jones Averages

Industrials

28000

29125

30250

31375

32500

33625

34750

35875

April May June July August September

Transportation

11400

11950

12500

13050

13600

14150

14700

15250

15800

16350

16900

April May June July August September

Utilities

850

900

950

1000

1050

1100

April May June July August September

Components

Week's

Change

3M -2.49

American Express -5.35

Amgen -1.57

Apple -12.23

Boeing -10.18

Caterpillar -0.16

Chevron -1.10

Cisco Systems -0.66

Coca-Cola -2.58

Disney -5.17

Dow 0.03

Goldman Sachs -8.92

Home Depot 5.00

Honeywell Intl -4.41

IBM -3.90

Intel -1.75

Johnson & Johnson -3.36

JPMorgan Chase -4.64

McDonald's -15.21

Merck -0.66

Microsoft -5.02

Nike Cl B -13.90

Procter & Gamble -9.33

Salesforce -3.17

Travelers Cos -2.28

UnitedHealth Group -8.57

Verizon Communications -1.55

Visa Cl A -6.31

Walgreens Boots Alliance -1.43

Walmart -0.36

Components Week's

Change

Alaska Air Group -1.63

American Airlines Group -0.17

Avis Budget Group 10.21

CH Robinson Worldwide -1.37

CSX -1.04

Delta Air -0.96

Expeditors Intl of Wash 0.65

FedEx -0.86

JB Hunt Transport -4.74

JetBlue Airways -0.28

Kirby Corp 1.34

Landstar System 1.63

Matson -2.05

Norfolk Southern -8.00

Old Dominion Freight 0.74

Ryder System 8.61

Southwest Airlines -1.21

Union Pacific -9.15

United Airlines -0.54

United Parcel Service B -2.79

Components

Week's

Change

AES -1.69

American Elec Power -11.29

American Water Works -10.75

Atmos Energy -9.68

Consolidated Edison -9.71

Dominion Energy -8.64

Duke Energy -10.69

Edison Intl -8.28

Exelon -4.21

FirstEnergy -3.05

NextEra Energy -4.11

Public Svc Enterprise -6.71

Sempra -11.84

Southern -6.99

Xcel Energy -7.56

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.

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:45

October 3, 2022 BARRON’S 45

DATA MARKET LABORATORY BARRONS.COM/DATA

The Week In Stocks For the Major Indexes 12-Month Weekly Friday Weekly 12-Month Change From

High Low High Low Close Chg. % Chg. Chg. % Chg. 12/31 % Chg.

Dow Jones Indexes

36799.65 28725.51 30 Indus 29683.74 28725.51 28725.51 –864.90 –2.92 –5600.95 –16.32 –7612.79 –20.95

17039.38 11999.40 20 Transp 12457.13 11999.40 12058.26 –71.04 –0.59 –2192.45 –15.38 –4420.00 –26.82

1071.75 872.82 15 Utilities 953.48 888.47 888.47 –90.05 –9.20 15.65 1.79 –92.31 –9.41

12360.33 9679.49 65 Comp 10046.00 9679.49 9679.49 –334.56 –3.34 –1544.81 –13.76 –2587.36 –21.09

Dow Jones Indexes

48918.18 36097.99 US TSM Float 37402.71 36097.99 36097.99 –977.06 –2.64 –9134.38 –20.19 –12536.32 –25.78

1188.95 878.61 US Market 910.63 878.61 878.61 –24.66 –2.73 –215.67 –19.71 –303.70 –25.69

1137.37 555.93 Internet 594.60 569.06 574.49 –1.05 –0.18 –509.27 –46.99 –451.99 –44.03

New York Stock Exchange

17353.76 13472.18 Comp-z 13833.18 13472.18 13472.18 –324.81 –2.35 –2851.56 –17.47 –3691.95 –21.51

10670.71 7747.27 Financial-z 7921.90 7747.27 7747.27 –258.98 –3.23 –2338.52 –23.19 –2428.10 –23.86

24968.12 20936.55 Health Care-z 21367.10 20936.55 20936.55 –296.51 –1.40 –1025.11 –4.67 –3409.10 –14.00

14030.84 8731.04 Energy-z 11112.19 10534.69 11004.62 192.91 1.78 2006.97 22.31 1858.44 20.32

NYSE American Stock Exchange

4472.10 3265.09 NYSE Amer Comp 4082.86 3791.97 4071.89 152.36 3.89 806.80 24.71 644.66 18.81

3198.39 2510.61 Major Mkt 2589.69 2510.61 2510.61 -84.99 –3.27 –559.51 –18.22 –623.34 –19.89

Standard & Poor's Indexes

2219.44 1625.76 100 Index 1694.11 1625.76 1625.76 –55.76 –3.32 –376.11 –18.79 –568.82 –25.92

4796.56 3585.62 500 Index 3719.04 3585.62 3585.62 –107.61 –2.91 –771.42 –17.71 –1180.56 –24.77

6735.36 4996.32 Indus 5189.65 4996.32 4996.32 –139.14 –2.71 –1086.77 –17.87 –1692.99 –25.31

2910.70 2200.75 MidCap 2265.96 2203.53 2203.53 –35.76 –1.60 –480.11 –17.89 –638.47 –22.47

1466.02 1064.45 SmallCap 1094.79 1064.45 1064.95 –15.97 –1.48 –292.42 –21.54 –336.76 –24.02

Nasdaq Stock Market

16057.44 10575.62 Comp 11051.64 10575.62 10575.62 –292.31 –2.69 –3991.08 –27.40 –5069.35 –32.40

16573.34 10971.22 100 Index 11493.83 10971.22 10971.22 –340.02 –3.01 –3820.65 –25.83 –5348.86 –32.77

12147.21 7627.45 Indus 8478.24 8098.19 8098.19 –147.39 –1.79 –2772.32 –25.50 –3214.68 –28.42

11694.54 9622.71 Insur 10137.06 9875.18 10001.98 15.96 0.16 –928.18 –8.49 –1414.42 –12.39

5408.36 3886.15 Banks 4078.84 3992.13 3992.13 –105.97 –2.59 –831.66 –17.24 –962.53 –19.43

12408.55 7807.35 Computer 8214.23 7807.35 7807.35 –330.82 –4.07 –2873.46 –26.90 –4348.18 –35.77

519.52 333.05 Telecom 345.00 333.05 333.05 –9.13 –2.67 –186.47 –35.89 –163.75 –32.96

Russell Indexes

2660.78 1972.29 1000 2044.06 1972.29 1972.29 –55.52 –2.74 –473.43 –19.36 –673.62 –25.46

2442.74 1649.84 2000 1715.24 1655.88 1664.72 –14.87 –0.89 –576.92 –25.74 –580.60 –25.86

2804.93 2077.61 3000 2152.45 2077.61 2077.61 –56.06 –2.63 –512.22 –19.78 –710.53 –25.48

1680.11 1339.62 Value-v 1379.78 1339.62 1339.62 –36.04 –2.62 –223.76 –14.31 –316.11 –19.09

3114.73 2110.82 Growth-v 2208.01 2117.70 2117.70 –62.19 –2.85 –670.12 –24.04 –957.29 –31.13

3406.42 2484.49 MidCap 2558.31 2484.49 2484.49 –48.32 –1.91 –684.26 –21.59 –835.56 –25.17

Others

10202.83 7679.59 Value Line-a 7925.21 7679.59 7679.59 –148.72 –1.90 –1849.72 –19.41 –2241.34 –22.59

696.40 491.56 Value Line-g 507.53 491.56 491.56 –10.05 –2.00 –163.10 –24.91 –180.38 –26.84

16368.58 11195.10 DJ US Small TSM 11576.61 11195.10 11230.01 –144.76 –1.27 –3905.98 –25.81 –4024.04 –26.38

1096.30 760.10 Barron's Future Focus 789.88 760.10 760.10 –15.40 –1.99 –272.80 –26.41 –300.77 –28.35

1127.20 825.73 Barron's 400 857.50 825.73 836.84 –1.72 –0.21 –179.44 –17.66 –269.42 –24.35

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

Yearly High/Lows Gold Prices

The yearly Gold price; with a high/low range based on the daily close.

Year High Date Low Date

2022 2039.05 Mar. 08 1634.30 Sept 27

2021 1943.20 Jan. 04 1683.95 Mar. 30

2020 2067.15 Aug. 06 1474.25 Mar. 19

144 Filings

SEC Form 144 must be filed by holders of restricted securities (also called letter stock) who intend to

sell shares. Shares Indicated: the number to be sold. Sales Date: the approximate date of the sale.

(Sometimes shares aren't sold, even though their owner has filed a Form144.) Source: Thomson

Reuters

Shares Sale

Company Sym Indicated $ Value Date Seller Title

Purecycle Technologies PCT 2,200,000 22,154,000 9/19/22 Otworth, Michael AF

Privia Health PRVA 279,826 9,579,338 9/23/22 Mehrotra, Parth P

Privia Health PRVA 272,203 9,451,173 9/22/22 Mehrotra, Parth P

Vertex Energy VTNR 213,399 1,626,100 10/19/22 Cowart, Benjamin CEO

Knowbe4 KNBE 150,000 2,595,000 9/19/22 Letonoff, Lars AF

Privia Health PRVA 140,000 4,881,167 9/22/22 Butler, Jeffrey D

Privia Health PRVA 138,547 5,242,671 9/19/22 Mehrotra, Parth P

Sentinelone S 132,370 3,650,753 9/21/22 Bernhardt, David CFO

Knowbe4 KNBE 132,071 2,284,828 9/19/22 Venkataraman, Shrikrishna AF

Privia Health PRVA 122,783 4,585,565 9/21/22 Mehrotra, Parth P

Indexes’ P/Es & Yields

DJ latest 52-week earnings and dividends adjusted by Dow Divisors

at Friday's close. S&P Dec. 4-quarter's GAAP earnings as reported

and indicated dividends based on Friday close.S&P 500 P/E ratios

based on GAAP earnings as reported. For additional earnings

series, please refer to www.spglobal.com. DJ latest available book

values for FY 2021 and 2020, and S&P latest for 2021 and 2020. rRevised data

Last Week Prev. Week Last Year

DJ Ind Avg 28725.51 29590.41 34326.46

P/E Ratio 17.08 17.58 23.26

Earns Yield % 5.85 5.69 4.30

Earns $ 1681.63 1683.15 1475.79

Divs Yield % 2.35 2.28 1.79

Divs $ 673.85 673.85 615.36

Mkt to Book 3.86 3.98 5.25

Book Value $ 7439.45 7439.45 6543.35

DJ Trans Avg 12058.26 12129.30 14250.71

P/E Ratio 10.80 10.86 58.10

Earns Yield % 9.26 9.21 1.72

Earns $ 1116.93 1116.93 245.28

Divs Yield % 1.53 1.52 1.14

Divs $ 184.86 184.86 162.19

Mkt to Book 3.75 3.77 4.82

Book Value $ 3214.72 3214.72 2957.33

DJ Utility Avg 888.47 978.52 872.82

P/E Ratio 24.72 27.22 24.47

Earns Yield % 4.05 3.67 4.09

Earns $ 35.94 35.94 35.67

Divs Yield % 3.29 2.98 3.17

Divs $ 29.23 29.20 27.65

Mkt to Book 2.04 2.25 2.22

Book Value $ 435.47 435.47 392.45

S&P 500 Index 3585.62 3693.23 4357.04

P/E Ratio 18.12 18.66 33.99

Earns Yield % 5.52 5.36 2.94

Earns $ 197.91 197.91 128.20

Divs Yield % 1.88 1.82 1.39

Divs $ 67.41 67.22 60.56

Mkt to Book 3.56 3.66 4.70

Book Value $ 1008.02 1008.02 927.52

S&P Ind Index 4996.32 5135.46 6083.09

P/E Ratio 20.33 20.90 40.67

Earns Yield % 4.92 4.79 2.46

Earns $ 245.77 245.77 149.59

Divs Yield % 1.69 1.63 1.25

Divs $ 84.44 83.71 76.04

Mkt to Book 4.79 4.93 6.49

Book Value $ 1042.07 1042.07 936.72

Investor Sentiment Readings

High bullish readings in the Consensus stock index or in the Market

Vane stock index usually are signs of Market tops; low ones, market

bottoms.

Last Week 2 Weeks Ago 3 Weeks Ago

Consensus Index

Consensus Bullish Sentiment 29% 36% 40%

AAII Index

Bullish 20.0% 17.7% 26.1%

Bearish 60.8 60.9 46.0

Neutral 19.2 21.4 27.9

Market Vane

Bullish Consensus 33% 35% 37%

TIM Group Market Sentiment

Indicator 44.0% 41.3% 45.5%

Sources: Consensus Inc.; American Association of

Individual Investors; Market Vane; TIM Group

Arms Index

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

advancing stocks divided by the number of declining stocks.

As of 3/14/11, the denominator in the index is now the

composite volume of advancing stocks divided by the

composite volume of declining stocks.

Daily 9/26 9/27 9/28 9/29 9/30

NYSE 1.35 .85 .74 1.10 1.11

NYSE American 1.11 .55 .50 .92 .96

Nasdaq 1.10 .68 .62 1.74 1.69

New Listings

NYSE

RBC Bearings (RBC)

NYSE American

Bluerock Homes (BHM)

Nasdaq

Alpine Summit Energy (ALPS)

Atlis Motor Vehicles (AMV)

Laser Photonics (LASE)

Pono Capital Two (PTWO)

Silo Pharma (SILO)

Trading

Suspended

NYSE

GCP Applied Tech (GCP)

Hoegh LNG Partners (HMLP)

Nasdaq

BBQ (BBQ)

Hailiang Education (HLG)

RBC Bearings (ROLL)

Zealand Pharma (ZEAL)

Name

Changes

NYSE

LiveWire Group (LVWR),

formerly AEA-Bridges Impact

(IMPX)

Nasdaq

FLJ Group (FLJ), formerly Q&K

International Group (QK)

SHF (SHFS), formerly

Northern Lights (NLIT)

TH International (THCH),

formerly Silver Crest (SLCR)

Selected IPOs

Ticker Initial Offer Price IPO Date Recent Price %Chg

Laser Photonics LASE 5.00 9/30 2.58 -48.4%

U.S. Dollar Index vs Euro and Yen

-25

-20

-15

-10

-5

0

5

10

15

20

25

O N D J F M A M J J A S

EURO in $

s

YEN in $

s

DXY (112.17)

s

Source: Tullett Prebon

Home Safe: Although the ICE U.S. Dollar Index eased about 1% on the week, the benchmark finished the third

quarter up some 7%—it’s strongest quarterly rise since 2015, as the world seeks safety. The British pound has

taken a pounding. The euro has sagged. Japan’s central bank hasn’t matched the Fed’s hawkish rate rises.

Per Share Values of Stocks

In the Dow Jones Averages

This is a list of the Dow Jones trailing 52-week diluted share

earnings, dividends and book values as reported by the company.

Bolded numbers indicate new values. Sources Barron's Stats and

FactSet.

Industrial Stocks

Book

Earns Divs. Value

Am Exp 9.75 1.90 29.14

Amgen 11.80 7.44 12.00

Apple 6.06 0.90 3.84

Boeing (9.27) Suspended (25.47)

Caterpillar 12.50 4.53 30.76

Chevron Corp 12.78 5.60 72.06

Cisco Sys 2.82 1.50 9.79

Coca Cola 2.21 1.74 5.32

Disney Walt 1.72 0.00 48.71

Dow 8.92 2.80 24.71

Goldman Sachs 44.23 8.50 297.50

Home Depot 16.27 7.35 (1.64)

Honeywell 7.53 3.92 27.12

IBM 6.16 6.58 21.05

Intel 6.02 1.4425 23.44

Book

Earns Divs. Value

Johnson&John 6.87 4.38 28.16

JPMorgChase 12.46 4.00 88.07

McDonalds 9.47 5.52 (6.17)

Merck Co 5.59 2.76 15.11

Microsoft 9.64 2.48 22.31

Nike Inc 3.53 1.22 9.73

Proc Gam 5.81 3.5662 19.11

3M Co 7.16 5.95 26.31

Salesforce.com 0.54 0.00 58.78

Travelers Cos 14.41 3.62 119.76

UnitedHealth Grp 19.15 6.20 76.26

Verizon 4.99 2.56 19.48

Visa 6.78 1.50 16.32

Walgreens 6.20 1.9125 27.06

Wal-mart 5.01 2.23 30.15

Transportation Stocks

Alaska Air Group 1.62 Suspended 30.19

American Airlines (3.03) Suspended (11.33)

Avis Budget Grp 42.50 Nil (3.93)

C.H. Robinson 7.11 2.20 15.65

CSX Corp 1.78 0.393 6.13

Delta Air Lines 0.92 Suspended 6.07

Expeditors Int'l 9.07 1.16 20.90

FedEx 13.54 3.80 95.98

Hunt (JB) 8.87 1.50 29.67

JetBlue Air (0.58) Nil 12.03

Kirby Corp (3.84) Nil 48.02

Landstar Sys 11.96 1.05 22.87

Matson Inc 33.55 1.21 40.67

Norf Southern 12.56 4.81 56.80

Old Dominion 9.79 1.10 32.00

Ryder Sys 13.97 2.36 52.02

Southwest Air 0.94 Nil 17.59

Un Pacific 10.73 4.96 22.17

UPS 12.45 5.58 16.38

United Airlines (3.79) Nil 15.53

Utility Stocks

AES Corp. (0.58) 0.6245 2.96

Am Elec 5.09 3.12 44.49

American Water Works 7.09 2.515 40.18

Atmos Energy 5.52 2.72 59.71

Con Ed 4.57 3.145 56.60

Dominion Energy 2.67 2.6325 31.51

Duke Energy 4.94 3.96 61.55

Edison Int'l 1.54 2.80 36.57

Exelon 2.71 1.395 35.13

FirstEnergy 2.46 1.56 15.21

NextEra Energy 1.31 1.66 18.95

Xcel Energy 2.99 1.92 28.70

Pub Sv Ent (0.62) 2.13 28.65

Sempra Energy 3.57 4.535 79.17

Southn Co. 2.16 2.68 25.36

Coming U.S. Auctions

Yields (%)

Monday When Issued* Last Auction

$54.0 bil 3-month 3.240 3.270

$42.0 bil 6-month 3.798 3.850

Tuesday

$34.0 bil 1-year 3.835 3.460

* As of Friday afternoon.

Stock Volume

Last Week Prev. Week Year Ago YOY % Chg

NYSE(a) 5,653,532 4,687,354 4,743,796 19.18

30 Dow Inds (b) 1,878,578 1,696,935 1,749,434 7.38

20 Dow Trans (b) 592,496 623,533 504,950 17.34

15 Dow Utils (b) 311,283 207,315 244,124 27.51

65 Dow Stks (b) 2,925,642 2,527,782 2,498,507 17.10

NYSE American (a) 75,199 70,890 212,325 -64.58

Nasdaq(d) 22,865,251 22,718,617 25,257,059 -9.47

NYSE 15 Most Active

Average Price 12.68 12.41 28.54 -55.57

% Tot Vol 15.24 14.71 14.71 3.60

Stock Offerings $(z,v) 135,500 r399,500 7,507,500 -98.20

Daily Stock Volume 9/26 9/27 9/28 9/29 9/30

NYSE(a) 1,056,661 995,583 1,030,534 1,006,017 1,564,737

30 Inds (b) 369,451.5 356,591.2 439,139.8 392,423.8 320,971.2

20 Trans (b) 120,718.1 134,360.1 117,816.9 106,600.4 113,000.5

15 Utils (b) 50,043.8 56,628.1 55,621.3 64,141.9 84,848.3

65 Stks (b) 540,213.4 547,579.4 612,578.0 563,166.2 662,104.7

NYSE Amer(a) 13,208 11,220 13,328 12,308 25,134

Nasd(d) 4,697,735 4,445,053 4,556,109 4,516,636 4,649,718

NYSE 15 Most Active

Avg. Price 10.91 14.13 10.34 12.15 21.28

% Tot Vol 14.50 14.09 13.40 15.14 22.38

Numbers in thousands save price and percentages. (a) Primary volume. (b) Composite volume. (d) as of 4:10 pm. (r) Revised. (v) W/E Thursday. (z) Source: Refinitiv.

NYSE HALF-HOURLY VOLUME

Daily 9/26 9/27 9/28 9/29 9/30

9:30-10:00 123,020 114,122 118,456 118,066 114,486

10:00-10:30 54,947 59,087 60,596 61,013 59,560

10:30-11:00 47,515 48,844 53,898 50,471 49,009

11:00-11:30 42,907 46,375 45,220 46,772 44,436

11:30-12:00 41,335 38,649 40,458 38,736 35,850

12:00-12:30 36,149 45,343 39,481 33,072 32,323

12:30-1:00 35,046 36,166 32,868 30,582 26,375

1:00-1:30 39,415 36,279 35,080 30,788 29,912

1:30-2:00 39,576 33,126 31,008 33,037 32,571

2:00-2:30 35,848 33,767 31,372 37,251 36,570

2:30-3:00 40,122 40,276 33,161 34,938 40,248

3:00-3:30 50,699 44,633 45,670 47,001 48,227

3:30-4:00 470,080 418,916 463,265 444,290 1,015,169

w008_p2bw276000_0_w00800_1________xa2022_02.pdf 1 01-Oct-22 03:32:25

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:46

46 BARRON’S October 3, 2022

DATA MARKET LABORATORY BARRONS.COM/DATA

Dow Jones U.S. Total Market Industry Groups

Net Change % Change and Ranking 52 Week

Top 20 Weekly Ranked IG-Sym Close Wkly YTD Week Rank Yr Ago Rank YTD Rank 3 Yr High Low

Exploration & Production DJUSOS 908.31 + 33.07 239.07 +3.78 [1] +45.35 [3] +35.72 [3] +16.23 1,136.46 631.73

Gold Mining DJUSPM 96.16 + 2.40 –40.43 +2.56 [2] –19.95 [78] –29.60 [88] +1.23 187.88 91.62

Nonferrous Metals DJUSNF 365.59 + 8.69 –192.63 +2.44 [3] –15.99 [61] –34.51 [109] +41.88 694.66 335.63

Oil & Gas Producers DJUSOG 730.84 + 16.84 195.32 +2.36 [4] +47.17 [2] +36.47 [2] +11.09 898.63 511.64

Media Agencies DJUSAV 445.91 + 9.90 –194.46 +2.27 [5] –37.03 [122] –30.37 [98] –8.16 797.80 387.09

Marine Transportation DJUSMT 199.48 + 4.40 4.43 +2.25 [6] +26.71 [4] +2.27 [7] –9.56 245.86 160.09

Hotels DJUSLG 2256.32 + 45.87 –641.33 +2.08 [7] –12.00 [50] –22.13 [55] +4.73 3,024.19 2,146.14

Mining DJUSMG 89.23 + 1.79 –38.73 +2.04 [8] –19.83 [77] –30.27 [96] +.48 173.47 85.37

Business Training DJUSBE 141.29 + 2.27 –69.48 +1.63 [9] –32.98 [117] –32.96 [105] +1.37 233.69 138.61

Basic Resources DJUSBS 240.81 + 3.16 –74.67 +1.33 [10] –10.02 [45] –23.67 [61] +16.36 424.80 234.11

Home Improvement Rtlrs DJUSHI 607.49 + 7.21 –290.61 +1.20 [11] –15.29 [60] –32.36 [104] +9.28 902.51 581.87

Gambling DJUSCA 451.26 + 5.36 –257.91 +1.20 [12] –44.62 [134] –36.37 [115] –16.07 864.14 420.78

Industrial Metals & Mining DJUSIM 331.33 + 3.49 –89.45 +1.06 [13] –5.97 [37] –21.26 [51] +26.74 567.58 323.28

Integrated Oil & Gas DJUSOL 636.69 + 6.24 172.57 +.99 [14] +48.90 [1] +37.18 [1] +7.21 774.93 442.02

Brewers DJUSDB 525.36 + 5.01 –60.57 +.96 [15] –10.66 [47] –10.34 [30] –5.21 644.83 519.86

Oil Equipment & Svcs DJUSOI 199.95 + 1.86 17.81 +.94 [16] +10.35 [6] +9.78 [4] –2.61 304.14 171.81

Steel DJUSST 374.90 + 3.26 –28.08 +.88 [17] +4.91 [15] –6.97 [20] +20.11 582.15 334.31

Hotel & Lodging REITs DJUSHL 82.39 + .31 –7.83 +.38 [18] –2.76 [30] –8.68 [28] –9.29 110.21 79.70

Publishing DJUSPB 417.64 + .48 –285.74 +.12 [19] –35.49 [120] –40.62 [126] +1.31 710.16 411.89

Trucking DJUSTK 1181.75 + .60 –451.73 +.05 [20] –12.18 [52] –27.65 [74] +12.22 1,637.72 1,143.64

Net Change % Change and Ranking 52 Week

Top 20 Yr Ago Ranked IG-Sym Close Wkly YTD Week Rank Yr Ago Rank YTD Rank 3 Yr High Low

Integrated Oil & Gas DJUSOL 636.69 + 6.24 172.57 +.99 [14] +48.90 [1] +37.18 [1] +7.21 774.93 442.02

Oil & Gas Producers DJUSOG 730.84 + 16.84 195.32 +2.36 [4] +47.17 [2] +36.47 [2] +11.09 898.63 511.64

Exploration & Production DJUSOS 908.31 + 33.07 239.07 +3.78 [1] +45.35 [3] +35.72 [3] +16.23 1,136.46 631.73

Marine Transportation DJUSMT 199.48 + 4.40 4.43 +2.25 [6] +26.71 [4] +2.27 [7] –9.56 245.86 160.09

Health Care Providers DJUSHP 3082.61 – 45.65 –177.06 –1.46 [50] +12.33 [5] –5.43 [12] +20.97 3,455.10 2,711.82

Oil Equipment & Svcs DJUSOI 199.95 + 1.86 17.81 +.94 [16] +10.35 [6] +9.78 [4] –2.61 304.14 171.81

Defense DJUSDN 518.11 – 23.84 32.85 –4.40 [112] +9.93 [7] +6.77 [5] +1.04 599.78 449.65

Heavy Construction DJUSHV 796.68 – 7.76 –26.54 –.96 [41] +7.87 [8] –3.22 [10] +21.67 903.00 701.03

Distillers & Vintners DJUSVN 503.90 – 6.36 –46.97 –1.25 [45] +6.88 [9] –8.53 [25] +3.23 570.79 467.83

Soft Drinks DJUSSD 854.83 – 30.70 –53.39 –3.47 [99] +6.70 [10] –5.88 [14] +4.20 964.99 802.12

Pharmaceuticals DJUSPR 749.30 – 2.51 –49.98 –.33 [31] +6.39 [11] –6.25 [16] +10.62 838.15 700.21

Property & Casualty DJUSIP 1095.07 – 10.26 –19.54 –.93 [40] +6.36 [12] –1.75 [9] +4.90 1,252.23 1,032.58

Beverages DJUSBV 914.86 – 30.17 –60.65 –3.19 [90] +6.28 [13] –6.22 [15] +3.87 1,032.11 862.67

Oil Equip, Svcs & Distri DJUSOQ 292.82 – 1.38 13.75 –.47 [33] +5.25 [14] +4.93 [6] –3.54 405.59 267.78

Steel DJUSST 374.90 + 3.26 –28.08 +.88 [17] +4.91 [15] –6.97 [20] +20.11 582.15 334.31

Waste & Disposal Svcs DJUSPC 452.09 – 13.57 –28.13 –2.91 [85] +4.24 [16] –5.86 [13] +11.55 497.83 399.04

Food & Beverage DJUSFB 724.83 – 25.33 –48.41 –3.38 [98] +4.09 [17] –6.26 [17] +3.78 828.83 697.20

Gas Distribution DJUSGU 273.93 – 24.84 –27.65 –8.31 [131] +3.88 [18] –9.17 [29] –6.36 341.25 266.81

Conventional Electricity DJUSVE 310.89 – 28.66 –29.50 –8.44 [133] +3.39 [19] –8.67 [26] +.39 367.66 300.47

Electricity DJUSEU 310.45 – 28.62 –29.52 –8.44 [132] +3.38 [20] –8.68 [27] +.39 367.22 300.10

Groups are weighted by capitalization. 52-week highs and lows are based on daily closes. Dec. 31, 1991=100. In the U.S. listings, % vol chg column shows the change from previous 65-day moving

average. Volume figures do not reflect extended trading hours.

Delta Market

Sentiment

Indicator

The Delta MSI measures the

position of a representative set

of stocks relative to an

intermediate-term moving

average crossover (MAC) point.

When greater than 50% of the

stocks followed are above this

MAC point, the market is

bullish. When the indicator is

below 50%, risk is elevated and

stock exposures should be

reduced. Manager uses

discretion on asset allocation

when MSI is at 50% +/- 3%.

Bearish

Current Sentiment

14.3%

LastWeek

34.8%

2Weeks ago

56.7%

3Weeks ago

Current Market Exposure: 0%

Equities, 0% Bonds, 100% Cash

Source: Delta Investment

Management

www.deltaim.com, (415)

249-6337

American Debt and Deficits

Latest Preceding Year Ago Yr over Yr

Report Report Report % Chg

Federal Budget Deficit (bil. $)-a 1,359FY'24 1,372FY'23 1,837FY'22 ….

Budget Surplus/Deficit (bil. $)-b, August –219.60 –211.05 –170.64 28.69

Trade Deficit (bil. $, sa)-c, July –70.65 r-80.88 –69.38 1.83

Treasury Gross Public Debt. (bil. $)-d 30,887.3 30,886.3 28,427.1 8.65

Treasury Statutory Debt Limit (bil. $)-d 31,381.5 31,381.5 …. ….

Consumer Installment Debt (bil. $)-e, July 4,644.1 r4,620.3 4,332.4 7.19

Sources: a-Office of Management and Budget, b-Monthly Treasury Statement, c-Monthly Commerce Dept.

Report, d-Daily Treasury Statement, e-Monthly Federal Reserve Release.

Adjustable Mortgage Rates

Sep 30 Sep 23 Yr. Ago YOY % Chg

1 Year Treas Bills 4.08 3.91 0.08 5000.00

2 Year Treas Notes 4.05 3.77 0.25 1520.00

3 Year Treas Notes 4.03 3.76 0.49 722.45

5 Year Treas Notes 3.81 3.59 0.89 328.09

10 Year Treas Notes 3.59 3.42 1.37 162.04

20 Year Treas Bds 3.82 3.76 1.84 107.61

11th District % Aug Discontinued .... 0.238 ....

FHFA PMMS+ 5.50 5.22 2.87 91.64

Fed annualized yields adjusted for constant maturity.

Foreign Exchange Foreign Foreign U.S. $ in U.S. $ in

Currency Currency Foreign Foreign

in U.S.$ in U.S.$ Currency Currency

Country Fri. Last Fri. Fri. Last Fri.

Argentina (Peso)-y .0068 .0069 147.3443 145.4801

Australia (Dollar) .6401 .6533 1.5623 1.5307

Bahrain (Dinar) 2.6497 2.6518 .3774 .3771

Brazil (Real) .1847 .1900 5.4129 5.2630

Bulgaria (Lev) .5011 .4956 1.9956 2.0179

Canada (Dollar) .7229 .7359 1.3832 1.3589

Chile (Peso) .001033 .001030 968.01 970.55

China (Renminbi) .1405 .1403 7.1160 7.1284

Colombia (Peso) .0002169 .0002253 4610.01 4438.51

Croatia (Kuna) .1303186 .1289058 7.67 7.76

Czech. Rep. (Koruna) …… .. …… .. …… .. …… ..

Commercial rate .03988 .03937 25.078 25.402

Denmark (Krone) .1319 .1303 7.5835 7.6737

EcuadorUS Dollar 1.0000 1.0000 1.0000 1.0000

Egypt (Pound)-y .0512 .0513 19.5348 19.4884

Hong Kong (Dollar) .1274 .1274 7.8499 7.8496

Hungary (Forint) .002317 .002387 431.58 418.95

Iceland (Krona) .006937 .006941 144.16 144.08

India (Rupee) .01226 .01231 81.561 81.249

Indonesia (Rupiah) .0000657 .0000665 15228 15038

Israel (Shekel) .2807 .2851 3.5626 3.5075

Japan (Yen) .006910 .006976 144.72 143.34

Kazakhstan (Tenge) .002098 .002074 476.66 482.11

Kuwait (Dinar) 3.2261 3.2255 .3100 .3100

Macau (Pataca) .1236 .1236 8.0910 8.0900

Malaysia (Ringgit)-b .2157 .2184 4.6370 4.5785

Mexico (Peso) …… .. …… .. …… .. …… ..

Floating rate .0496 .0495 20.1471 20.2006

New Zealand (Dollar) .5590 .5745 1.7889 1.7406

Norway (Krone) .0918 .0942 10.8881 10.6117

Oman (Rial) 2.5974 2.5974 .3850 .3850

Pakistan (Rupee) .00438 .00417 228.100 239.850

Philippines (Peso) .01702 .01701 58.741 58.804

Poland (Zloty) .2019 .2037 4.9531 4.9102

Qatar (Rial) .2746 .2746 3.6421 3.6418

Russia (Ruble)-a .01661 .01728 60.200 57.875

Saudi Arabia (Riyal) .2662 .2658 3.7569 3.7626

Singapore (Dollar) .6965 .6990 1.4357 1.4306

South Africa (Rand) .0553 .0557 18.0899 17.9481

South Korea (Won) .0006943 .0007028 1440.23 1422.90

Sri Lanka (Rupee) .0027 .0027 365.5000 364.0000

Sweden (Krona) .0901 .0885 11.1042 11.2989

Switzerland (Franc) 1.0131 1.0185 .9871 .9818

Taiwan (Dollar) .03143 .03144 31.817 31.809

Thailand (Baht) .02643 .02658 37.840 37.620

Turkey (New Lira)-d .0540 .0543 18.5020 18.4139

Ukraine (Hryvnia) .0271 .0271 36.9500 36.8500

U.K. (Pound) 1.1168 1.0850 .8954 .9217

Uruguay (Peso) …… .. …… .. …… .. …… ..

Financial .02398 .02460 41.695 40.645

Euro .9801 .9689 1.0203 1.0320

Special Drawing Rights (SDR) are based on exchange rates for the U.S.,

British, and Japanese currencies. Source: International Monetary Fund.

a-Russian Central Bank rate. b-government rate. d-rebased as of Jan. 1,

2005. y-floating rate.

Money Rates

Latest Week Prev. Week Yr Ago

Discount Rate (NY) 3.25 3.25 0.25

Prime Rate (base) 6.25 6.25 3.25

Fed Funds Rate

Avg effective offer 3.09 3.09 0.08

Avg weekly auction-c 2.63 2.33 0.08

T-Bills Rate

13 weeks, Coupon Yield 3.343 3.343 0.035

13 weeks, Auction Rate 3.270 3.270 0.035

26 weeks, Coupon Yield 3.981 3.907 0.051

26 weeks, Auction Rate 3.850 3.780 0.050

Avg weekly auction-c 3.21 3.13 0.03

Broker Call Rate 5.00 5.00 2.00

Bankers Acceptances

1 month 3.08 3.08 0.12

2 months 3.33 3.33 0.13

3 months 3.55 3.55 0.15

6 months 4.20 4.20 0.20

Libor Interbank Rate

1 month 3.13 3.08 0.08

3 months 3.74 3.63 0.13

6 months 4.21 4.20 0.16

12 months 4.79 4.83 0.23

Foreign Prime Rates

Canada 5.45 5.45 2.45

Germany 1.25 1.25 0.00

Japan 1.475 1.475 1.475

Switzerland 1.00 1.00 0.00

Britain 2.25 2.25 0.10

Other Money Rates

Fannie Mae Home Loan:

30-Year Fixed Conv 6.20 6.18 2.51

Bank money market-z 0.14 0.13 0.07

Interest Checking-z 0.04 0.04 0.03

6-Month Certif-z 0.48 0.48 0.10

12-Month Certif-z 0.82 0.78 0.15

30 Month Accounts-z 0.80 0.78 0.16

5-Year Certificates-z 0.87 0.84 0.28

U.S. Savings EE Bonds:

Long-Term (5yrs+) 0.10 0.10 0.10

c-Annualized yields, adjusted for constant maturity, reported by the Federal

Reserve on a weekly average basis. Sources: Tullett Prebon information, Ltd.

Factset. z-Bankrate.com.

Conference Call Calendar

EarningsRelated

Company Date Time Period

Conagra Brands October 6 9:30AM Q1

Lamb Weston Holdings October 5 10:00AM Q1

McCormick & Company October 6 8:00AM Q3

Source: CCBN, www.ccbn.com

0.35

0.45

0.55

0.65

0.75

0.85

0.65

2.10

3.55

5.00

6.45

7.90

S&P 100 CBOE

O N D J F M A M J J A S

CBOE Put / Call Ratio

vs. S&P 100

Source: CBOE

Readings in the CBOE equity put-call ratio of 60:100 and in the

S&P 100 of 125:100 are considered bullish, for instance. Bearish

signals flash when the equity put-call level reaches the vicinity of 30:100 and the index ratio hits 75:100.

Coming Earnings

Day Consensus Year

Estimate Ago

Continued from page 9.

W

RPM International (Q1) 1.34 1.08

TH

Conagra Brands (Q1) 0.52 0.50 Constellation Brands (Q2) 2.78 2.38

Levi Strauss (Q3) 0.37 0.48

(Earnings are diluted and report dates are tentative. All forecasts and historical numbers exclude extraordinary items by

accounting definitions.)

Source: FactSet

Pulse of the Economy

Only includes new reports. Latest Latest Preceding Year YroYr

Economic Growth and Investment Date Data Period Ago % Chg

Gross domestic product 2nd Qtr –0.6 –1.6 7.0 1.80

Personal income, (bil. $) Aug 21,895.5 r21,823.9 21,082.7 3.86

Personal Savings Rate, St.Louis Fed Aug 3.5 r3.5 9.5 –63.16

All fixed investment, (bil. $) 2nd Qtr 3,581.9 r3,628.6 3,590.9 –0.25

Non–residential investment, (bil. $) 2nd Qtr 2,915.5 r2,915.0 2,847.7 2.38

Residential investment, (bil. $) 2nd Qtr 671.0 704.7 723.0 –7.19

Gross Output, (bil. $) All Industries 2nd Qtr 36,013.3 r35,862.8 34,988.5 2.93

Production

Electric power, (mil. kw hrs) (EEI) Sept 24 79,329 78,471 75,786 4.68

Petroleum, related capacity, % Sept 23 90.6 93.6 88.1 2.84

Rotary rigs running, U.S. & Can., (Hughes) Sept 30 978 979 693 41.13

Steel, (thous. tons) Sept 24 1,683 1,694 1,880 –10.48

Steel, rated capacity, % (AISI) Sept 24 76.4 76.9 85.2 –10.33

Consumption and Distribution

Consumer spending, (bil. $) Aug 17,470.1 r17,402.6 16,146.0 8.20

Durable goods (bil. $) Aug 272.1 r270.1 255.9 6.33

Instinet Research Redbook Avg. (monthly %) Sept 24 –0.67 –1.10 10.00 ….

Baltic Dry Index Sept 30 1,760 1,816 5,202 –66.17

New home sales, (thous. units) Aug 685 532 686 –0.15

Personal consumption, (bil. $) 2nd Qtr 14,099.5 r14,028.4 13,773.7 2.37

Inventories

Domestic crude oil, (thous. bbls) Comm. (Excl. Lease Stck) Sept 23 430,559 430,774 418,542 2.87

Gasoline, (thous. bbls) Sept 23 212,188 214,610 221,809 –4.34

Orders

Durable goods, (bil. $) Aug 272.7 r273.3 262.3 3.96

Trade

Exports, (bil. $) 2nd Qtr 2,516.9 2,436.9 2,345.1 7.33

Imports, (bil. $) 2nd Qtr 3,947.5 r3,925.6 3,549.0 11.23

Inflation

JOC–ECRI Industrial Price Index f Sept 30 124.42 127.81 143.24 –13.14

Gross domestic product deflator 2nd Qtr 9.0 r8.3 6.3 42.86

Employment

Initial jobless claims (thous.) Sept 24 193 r209 376 –48.67

Continuing claims (mil.) Sept 17 1.347 r1.376 2.720 –50.48

Construction

Home Price Index S&P Case–Shiller – Comp. 10 (SA) July 327.54 r330.31 285.00 14.93

Other Indicators

Consumer confidence (Conference Board) Sept 108.0 r103.6 109.8 –1.64

Citi Research Panic–Euphoria Reading Sept 30 –0.23 –0.21 0.59 ….

a-1997 equals 100. b-1982-84 equals 100. c-1982 equals 100. f-1996 equals 100. hbenchmark revision, 2016 equals 100. r-Revised.

Latest Latest Preceding Year YroYr

Date Data Period Ago % Chg

Barron’s 50-Stock Average

Thisindexis aweighted averageof50leadingissues.Usefulin security valuation. Source: Barron's Stats

Sep 29 Sep 22 Sept Yr-to-Yr

2022 2022 2021 % Chg

S&P 500 Index 3640.47 3757.99 4488.24 –18.89

Barron’s 50 Index 10088.9710426.46 10851 –7.03

Projected quarterly earn 180.68 180.68 137.58 31.33

Annualized projected earn 722.73 722.73 550.32 31.33

Annualized projected P/E 13.96 14.43 19.7 –29.20

Five-year average earn 432.34 432.34 391.95 10.30

Five-year average P/E 23.34 24.12 27.7 –15.75

Year-end earn 603.41 603.41 363.95 65.79

Year-end P/E 16.72 17.28 30.0 –44.18

Year-end earns yield, % 5.98 5.79 3.4 78.06

Best grade bond yields, % 4.63 4.60 1.44 220.64

Bond yields/stock ylds, % 0.77 0.79 0.43 79.24

Actual year-end divs 235.31 235.19 218.34 7.77

Actual yr-end divs yld, % 2.33 2.26 2.01 15.87

Distributions & Offerings

Secondary Distributions of common stocks

Agree Realty 5,000,000 $66.85 $334,233,288

Altus Power 7,000,000 $11.50 $80,500,000

Gamida Cell Ltd 12,905,000 $1.55 $20,002,750

Mind Medicine (MindMed) 7,058,823 $4.25 $29,999,998

Nano Labs Ltd 4,166,668 $2.40 $5,000,002

Sandstorm Gold Ltd 15,700,000 $5.10 $80,070,000

Silo Pharma 1,150,000 $5.00 $5,750,000

Twin Vee PowerCats Co 2,500,000 $2.75 $6,874,656

Valneva SE 21,000,000 $9.51 $99,057,362

Source: Dealogic LLC, New York City; (212) 577-4400.

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:47

October 3, 2022 BARRON’S 47

DATA MARKET LABORATORY BARRONS.COM/DATA

Federal Reserve Data Bank

One week ended Sep 28:

Member Bank Latest Prev. Week Year Ago

Reserve Chgs. (Mil. $) Week Change Change

U.S. Gov't securities:

Bought outright 8,382,845 -10,258 +442,463

Federal agency secur:

Bought outright 2,347 .... ....

Reserve bank credit:

Primary Credit 6,457 -201 +5,952

Secondary Credit .... .... ....

Seasonal Credit 49 +7 +19

Float -215 -63 +63

Other F.R. Assets 38,196 +767 +1,693

Total Fed Credit # 8,772,923 -10,846 +347,605

Gold stock 11,041 .... ....

SDR Certif. Accounts 5,200 .... ....

Treas. Curr. Outst. 51,328 +14 +659

Total 8,857,434 -11,145 +344,166

Currency in circ 2,276,843 -1,278 +80,978

Treas. Cash Hldgs 103 +3 +55

Treas. Fed Deposits 689,569 -2,927 +491,825

Foreign Fed Deposits 7,436 .... +639

Other Fed Deposits 229,992 +10,596 -61,917

Other FR liab/cap 45,229 -2,750 -2,429

Total factors 5,896,836 +132,289 +1,508,916

Reserves F.R. banks 2,960,598 -143,434 -1,164,750

Fgn hold U.S. debt 3,366,401 -18,287 -118,179

Reserve Aggr (Mil. $) Latest Prev. Month % Year

Month Ended August: Month Month Chg. Ago

Total Reserves: 3,305,900 3,258,700 1.45 4,140,100

Nonborrowed Res 3,287,200 3,239,100 1.48 4,059,300

Borrowed Reserves 18,755 19,541 -4.02 80,767

Monetary Base 5,582,300 5,537,200 0.81 6,328,700

Weekly Bond Statistics

New Offerings, (mil $) (v) Last Week Prev. Week Yr Ago

Corporate (z) 2,698 r14,307 17,999

Municipal (z) 7,284 r3,083 13,070

Best Grade Bonds-y

(Barron's index of 10 high-grade corporate bonds.)

4.63 4.60 1.50

Interm-Grade Bonds-y

(Barron's index of 10 medium-grade corporate bonds.)

5.51 5.23 2.67

Confidence Index

(High-grade index divided by intermediate-grade index; decline in

latter vs. former generally indicates rising confidence, pointing to

higher stocks.)

83.9 88.0 56.3

Other Confidence Indicators:

Bloomberg Barclays US Long Treasury*

(This index measures the performance of fixed-rate, nominal US

Treasuries with at least 10 years to maturity. Jan. 1, 1973=100.)

3173.88 3267.70 4395.22

Bloomberg Barclays US Credit

(This index includes all publicly issued, fixed-rate, non-convertible,

investment-grade, dollar-denominated, SEC-registered corporate

debt.)

2726.91 2782.49 3341.33

Ryan Labs Treasury Index

(Index of total return from active Treasury notes and bonds. Dec.

31, 1996=100.)

264.66 266.08 317.57

Bond Buyer 20 Bond Index

(Index of yields of 20 general obligation municipal bonds.)

4.02 3.89 2.26

Bond Buyer Municipal Bond Index

(Index of 40 actively-traded tax-exempt bonds; component issues

are changed regularly to keep the index a current picture of the

market. Source: The Bond Buyer

5.01 4.82 3.48

Stock/Bond Yield Gap-s

(Difference between yield on highest-grade corporate bonds and

yield on stocks on the DJIA.)

-2.28 -2.32 0.29

Yield on DJ Equal Weight US Corp Bond Idx:

Corp Bonds, (y) 5.76 5.46 2.33

v-Week ended Thursday. y-Yield to maturity, week ended Thursday. zSource: Refinitiv.*Barclays T-Bond Index discontinued by firm.

Dividend Payment Boosts

Adjusted % Record Ex-Div Payment

Company Name-Ticker Symbol (Exchange) Yield Period To From Increase Date Date Date

Cal-Maine Foods-CALM (Nasdaq) 5.8 Q .85 .749 13.5 % 10-26 10-25 11-10

City Holding Co.-CHCO (Nasdaq) 2.9 Q .65 .60 8.3 10-14 10-13 10-31

Concentrix-CNXC (Nasdaq) 0.9 Q .275 .25 10.0 10-28 10-27 11-08

Ferguson-FERG (NYSE) 2.6 S 1.91 .84 127.4 10-28 10-27 12-08

Grupo Fin Galicia ADR-GGAL (NCM ) 4.0 A .089542 .064185 39.5 10-03 9-30 10-11

Ingredion-INGR (NYSE) 3.5 Q .71 .65 9.2 10-06 10-05 10-25

Johnson Outdoors Cl A-JOUT (Nasdaq) 2.4 Q .31 .30 3.3 10-13 10-12 10-27

OGE Energy-OGE (NYSE) 4.4 Q .4141 .41 1.0 10-11 10-07 10-28

Starbucks-SBUX (Nasdaq) 2.4 Q .53 .49 8.2 11-11 11-09 11-25

TTEC Holdings-TTEC (Nasdaq) 2.3 S .52 .50 4.0 10-11 10-07 10-26

Dividend Payment Reductions

Adjusted % Record Ex-Div Payment

Company Name-Ticker Symbol (Exchange) Yield Period To From Decrease Date Date Date

Cadiz Pfd. A-CDZIP (Nasdaq) 14.8 Q .55 .56 -1.8 % 10-04 10-03 10-14

Fortis-FTS (NYSE) 4.3 Q .4116 .413943 -0.6 % 11-17 11-16 12-01

Invesco Mortgage Cap-IVR (NYSE) 23.6 Q .65 .90 -27.8 % 10-11 10-07 10-27

Ramaco Resources-METC (Nasdaq) 4.9 Q .1133 .1134 -0.1 % 12-01 11-30 12-15

Sandstorm Gold-SAND (NYSE) 1.2 Q .0146 .015357 -4.9 % 10-18 10-17 10-28

Tortoise Pipeline & Engy-TTP (NYSE) 9.4 Q .145 .59 -75.4 % 9-29 9-28 10-06

Stock Splits/Dividends

Record Ex-Div Pay

Company Name-Ticker Symbol (Exchange) Amount Date Date Date

NONE

Special Dividends

Record Ex-Div Pay

Company Name-Ticker Symbol (Exchange) Amount Date Date Date

NONE

Top 5 Insider Purchases by

Company in 2022 Number of Number of Avg. Company Sym Insiders Shares $ Value Price

Rocket Companies RKT 23 1,130,600 9,270,079 $8.20

B Riley Financial RILY 18 430,878 22,678,927 $52.63

Simon Property SPG 18 5,276 592,529 $112.31

York Water YORW 16 1,093 45,694 $41.79

Modiv MDV 15 20,421 361,266 $17.69

Top 5 Insider Sales by Company in 2022

Moderna MRNA 49 1,612,896246,387,782 $152.76

Mongodb MDB 34 537,460192,579,147 $358.31

Chevron CVX 33 2,049,912318,831,647 $155.53

Workday WDAY 30 451,604 83,144,474 $184.11

Salesforce CRM 29 165,860 32,283,139 $194.64

Barron’s Gold Mining Index 12-Month Year Week % High Low 9/29 9/22 Ago Chg.

1228.34 684.61 Gold mining 684.61 700.71 883.49 –2.30

Gold & Silver Prices

Handy & Harman 9/30 9/23 Year Ago

Gold, troy ounce 1671.75 1643.55 1757.05

Silver, troy ounce 19.22 18.84 22.57

Base for pricing gold and silver contents of shipments and for making

refining settlement.

Coins Price Premium $ Premium %

Krugerrand 1738.78 74.88 4.50

Maple Leaf 1780.37 116.47 7.00

Mexican Peso 2146.60 140.43 7.00

Austria Crown 1633.95 48.93 3.00

Austria Phil 1747.10 83.20 5.00

U.S. Eagles 1780.37 116.47 7.00

Premium is the amount over the value of the gold content in the coin.

Source Manfra, Tordella & Brookes, Inc. Bullion spot gold price 1663.9

Baxter International .29

Brown-Forman Cl A .189

Brown-Forman Cl B .189

Cadence Bank .22

Coca-Cola .44

Crescent Point Energy .061

FedEx 1.15

First Horizon .15

Frontline .15

Genuine Parts .895

H & R Block .29

ITT .264

Macy's .157

McKesson .54

New Jersey Resources .39

NewMarket 2.10

Nike Cl B .305

PPL Corp .225

Prosperity Bancshares .52

Regions Financial .20

Rogers Commun .381

Spirit AeroSystems Cl A .01

Synovus Financial .34

TEGNA .095

TELUS Corp. .26

TELUS Corp. .258

WR Berkley .10

Tuesday (October 4)

Aaron's .112

ADT .035

Hartford Financial .385

Kimberly-Clark 1.16

Myers Industries .135

Orion Engineered Carbons .021

PulteGroup .15

South Jersey Indus .31

Spire .685

Wednesday (October 5)

Broadridge Finl Solutions .725

Canadian Natural Res .582

Canadian Natural Res .571

Chesapeake Utilities .535

CONMED .20

Edgewell Personal Care .15

Graphic Packaging .075

HP .25

Intl Flavors & Fragrances .81

Restaurant Brands Intl .54

Thursday (October 6)

Avient .237

Belden .05

Designer Brands .05

DRDGOLD ADR .18

InterContinental Htl ADR .439

Kennedy-Wilson Holdings .24

Marcus & Millichap .25

Marriott Vacations .62

Utz Brands .054

VICI Properties .39

Woodside Energy ADR 1.09

Friday (October 7)

Air Lease .185

Albany Intl .21

American Vanguard .025

Chubb .83

Dole .08

Eastman Chemical .76

Hewlett Packard Ent .12

Merck .69

ServisFirst Bancshares .23

Turning Point Brands .06

West Fraser Timber .30

World Fuel Services .14

Saturday & Sun (October 8 & 9)

NONE

Week’s

Dividend

Payment

This list includes payouts on

common stocks.

NASDAQ

Monday (October 3)

CH Robinson Worldwide .55

Chemung Financial .31

Financial Institutions .29

First Fincl Bankshares .17

Huntington Bancshares .155

Paramount Global Cl A .24

Paramount Global Cl B .24

Pathward Financial .05

Phillips Edison .093

Popular Inc. .55

Simmons First Natl Cl A .19

Stock Yards Bancorp .29

Trustco Bank .35

UMB Financial .37

United Bankshares WV .36

Universal Logistics .105

Valley National Bancorp .11

Tuesday (October 4)

Altra Industrial Motion .09

Wednesday (October 5)

Lam Research 1.725

Mercer International .075

QCR Holdings .06

Seagate Technology .70

Utah Medical Products .29

Utd Community Banks .22

Thursday (October 6)

Hamilton Lane Cl A .40

JOYY ADR .507

NXP Semiconductors .845

Smith & Wesson Brands .10

Friday (October 7)

ATN International .17

Bank7 .12

FirstService .203

Hackett Group .11

Heartland Express .02

Independent Bank .51

Washington Trust Bancorp .54

Saturday (October 8)

NONE

Sunday (October 9)

Kulicke & Soffa Inds .17

Week’s

Dividend

Payment

This list includes payouts on

common stocks.

NYSE American

Monday (October 3)

NONE

Tuesday (October 4)

Evans Bancorp .64

Wednesday (October 5)

NONE

Thursday (October 6)

NONE

Friday (October 7)

NONE

Saturday (October 8)

NONE

Sunday (October 9)

NONE

Week’s ExDividend

Dates

This list includes payouts on

common stocks.

NYSE

Tuesday (October 4)

AECOM .15

Gap Inc .15

Helios Technologies .09

Steelcase .10

Toro Co .30

Wednesday (October 5)

ABM Industries .195

Campbell Soup .37

Ingredion .71

JPMorgan Chase 1.00

Roper Technologies .62

Simpson Manufacturing .26

Trinseo .32

Wabash National .08

Thursday (October 6)

Brady Cl A .23

Bristol Myers Squibb .54

Darden Restaurants 1.21

Enerpac Tool Group .04

Ennis .25

General Mills .54

Genl Dynamics 1.26

Globe Life .207

Lincoln National .45

Marsh & McLennan .59

Mastercard .49

Progressive Corp .10

Sysco .49

Toll Brothers .20

Toronto-Dominion Bank .683

Universal Corp .79

Verizon Communications .652

Friday (October 7)

Tootsie Roll Indus .09

Saturday & Sun (October 8 & 9)

NONE

Monday (October 10)

NONE

Week’s

Dividend

Payment

This list includes payouts on

common stocks.

NYSE

Monday (October 3)

Albemarle .395

Allstate .85

Alpha Metallurgical Rscs .392

Avangrid .44

Banc of California .06

Banco BBVA Argntina ADR.019

Banco Macro ADR .082

Week’s ExDividend

Dates

This list includes payouts on

common stocks.

NASDAQ

Tuesday (October 4)

Cisco Systems .38

Comcast Cl A .27

CVB Financial .20

Erie Indemnity Cl A 1.11

First Bancorp .34

Wednesday (October 5)

Elbit Systems .50

Ingles Markets Cl A .165

Village Super Market A .25

Thursday (October 6)

A-Mark Precious Metals .20

ChampionX .075

Encore Wire .02

Gentex .12

Horizon Bancorp .16

Intuit .78

Marvell Technology .06

NetApp .50

Preferred Bank LA .43

Royal Gold .35

VersaBank .019

Waterstone Fincl .20

Friday (October 7)

TTEC Holdings .52

Saturday & Sun (October 8 & 9)

NONE

Monday (October 10)

NONE

Week’s ExDividend

Dates

This list includes payouts on

common stocks.

NYSE American

Tuesday (October 4)

NONE

Wednesday (October 5)

NONE

Thursday (October 6)

NONE

Friday (October 7)

NONE

Saturday (October 8)

NONE

Sunday (October 9)

NONE

Monday (October 10)

NONE

Gold Performance

-30

-20

-10

0

10

20

30

40

O N D J F M A M J J A S

Barron's Gold Mining Index (684.61)

Handy & Harman Gold Price

Gold Standard: As the dollar settled down,

gold inched up 1.7%, to $1,672 an ounce.

Yearly Hi/Lo Barron's Gold

Mining Index

The yearly Barron's Gold Mining Index price; with a high/low range

based on the weekly close.

Year High Date Low Date

2022 1228.34 Mar 24 684.61 Sept 29

2021 1147.72 May 27 894.65 Mar 04

2020 931.99 Dec 17 391.56 Mar 19

2019 597.01 Dec 26 400.31 Jan 24

2018 540.76 Jan 25 382.52 Oct. 25

2017 567.38 Feb 16 456.65 Dec 07

2016 634.16 Aug 11 245.05 Jan 21

2015 557.39 Jan 22 265.74 Dec 17

2014 815.69 July 17 499.10 Dec 24

2013 1035.18 Jan. 10 619.44 June 28

2012 1370.44 Feb 02 963.93 Jul 12

2011 1635.01 Apr 07 1179.98 Dec 29

2010 1624.69 Dec 30 1027.10 Feb. 04

2009 1314.69 Dec 03 677.00 Jan. 15

2008 1528.87 Mar 13 464.11 Nov 20

2007 1469.94 Nov 08 920.13 Jan. 11

2006 1175.33 May 11 866.06 Mar 09

2005 892.22 Dec 29 547.82 May 12

2004 708.59 Nov 24 518.90 May 13

2003 716.04 Dec. 04 404.45 Mar 27

2002 523.52 May 23 324.28 Jan 03

2001 355.14 May 17 241.92 Jan 11

2000 365.43 Feb. 10 224.55 Nov 16

1999 433.68 Oct. 14 297.75 Apr 08

1998 487.85 Apr. 23 281.93 Aug 27

1997 709.58 Feb 27 353.74 Dec 11

1996 901.36 Feb 01 649.54 Dec 26

1995 771.42 Jun 15 652.37 Oct. 26

1994 928.85 Jan 13 687.51 Apr 21

Yearly High/Lows Silver Prices

TheyearlyHandy&HarmanSilverprice;withahigh/low rangebased

on the daily close.

Year High Date Low Date

2022 26.87 Mar 08 17.80 Sept 01

2021 28.65 Feb 01 21.55 Sept 29

2020 28.99 Aug 10 12.13 Mar 18

2019 19.40 Sept 04 14.36 May 28

2018 17.57 Jan 25 14.07 Nov 14

2017 18.52 Apr 17 15.39 July 07

2016 20.69 Aug 02 13.78 Jan 12

2015 18.41 Jan 22 13.72 Dec 17

2014 22.12 Feb 24 15.42 Nov 06

2013 32.31 Jan 23 18.70 June 26

2012 36.88 Feb 28 26.39 June 28

2011 48.55 Apr 29 26.77 Jan 25

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:48

48 BARRON’S October 3, 2022

DATA MARKET LABORATORY BARRONS.COM/DATA

Only includes COMMON and REIT stocks

ParamountA

ParamountB

PardesBiosci

PassageBio

PatriaInvts

Patterson

PaxMedica

PB Bankshares

Pegasystems

Peloton

PeoplesBncpNC

Perficient

PerformantFin

PerformShipping

PerpetuaRscs

Personalis

PetcoHealth

PetIQ

Pharvaris

PhaseBioPharm

PhibroAnimal

PhillipsEdison

PhioPharm

PhoenixMotor

PierisPharm

PineappleEner

PintecTech

Pixelworks

PlayaHotels

Playtika

PLBY Group

Pluri

PLxPharma

PoetTech

PolarityTE

PolestarAuto

PonoCapTwoA

Popular

Potbelly

PotlatchDelt

PRA Group

Premier

PresidioProperty

PrestoTechnologies

PriceSmart

PrimisFinl

PrimorisSvcs

ProfireEnergy

ProgressSoftware

Pulmatrix

PureCycle

PyrogenesisCda

Qorvo

Qualcomm

QualigenTherap

QualtricsIntl

Quantum

QuidelOrtho

QuinceTherap

QuiptHomeMed

QuoinPharm

Quotient

QurateRetailA

Qutoutiao

R1 RCM

RackspaceTech

RadiusGlbInfr

RailVision

Rapid7

Reading A

RealReal

RebornCoffee

Redfin

RedRobin

REE Automotive

Reed's

RegencyCtrs

RekorSystems

Remark

Renalytix

Rent-A-Center

RenttheRunway

Repay

RepublicBcpKYA

ReservoirMedia

ReShapeLife

RetailOppor

ReToEcoSol

ReunionNeuro

ReWalkRobotics

RF Industries

RibbonComms

RigettiComp

RMR Group

RockyBrands

Roku

Root

RoyalGold

RubiconTech

RubiusTherap

RushEnt A

Ryanair

Sabre

Safe-T

Sai.TechGlobal

SalemMedia

SandySpringBncp

MidWestOneFin

MillerKnoll

MillicomIntl

MiMedx

Mind CTI

MindMed

MindTech

Minim

Missfresh

MKS Instrum

MobileGlbEsports

Mobilicom

MobivAcqn

Moderna

MolecularTemp

MoleculinBiotech

Momentus

Mondelez

MongoDB

Morningstar

MotusGI

MSD Acqn Wt

MullenAuto

MustangBio

MVB Financial

Mynaric

NabrivaTherap

NanoLabs

NantHealth

NatlCineMedia

NatlEnerSvs

NatlWesternLife

NaturalAlt

NaturalHlthTrends

NatureSunshine

NauticusRobot

Nayax

NCS Multistage

NecessityRetail

NektarTherap

Neogen

NeoleukinTherap

Nephros

Netcapital

NeuBaseTherap

NewellBrands

Newmark

NewsCorpA

NewsCorp B

NewtekBusSvcs

NexalinTechnology

NexImmune

NextCure

NI

NicholasFin

Nikola

NiSunIntlEntDevt

NiuTech

NN

Nocera

NorthernTrust

Northwestern

NortonLifeLock

Novavax

Novonix

Nuvei

NuvveHolding

NuZee

NVIDIA

NY Mortgage

Nyxoah

Oatly

Oblong

OceanPal

OfficePropIncm

Okta

Olaplex

OmegaFlex

Omnicell

OnconovaTherap

Oncorus

OncoSecMedical

Ondas

OneSpan

OneStopSystems

Onfolio

Ontrak

OpenLending

OpenText

OpGen

OPKO Health

OportunFin

OrbitalInfr

OrganiGram

Orgenesis

OrientalCulture

OrthofixIntl

OSI Systems

OstinTech

Overstock

OxbridgeRe

PactivEvergreen

PacWestBancorp

PagayaTech

PainReform

PalisadeBio

PapaJohn's

Jeffs'Brands

JerashHldgs

JetBlue

JianzhiEduc

Jiuzi

JohnsonOutdoors

JounceTherap

JourneyMed

JupiterWellness

KaiserAlum

KalaPharm

KandiTech

Kaspien

Katapult

KellyServices A

KellyServices B

KeyTronic

KimballIntl B

Kingstone

KintaraTherap

Kirkland's

Knightscope

Kopin

KraftHeinz

KratosDefense

KrispyKreme

LamarAdv

LamResearch

Lands'End

LandseaHomes

LanternPharma

Lantronix

Largo

LaserPhotonics

Latch

Latham

Leafly

LeapTherap

LendingTree

LesakaTech

LexinFintech

LianBio

LibertyBroadbandA

LibertyBroadbandC

LibertyGlobal A

LibertyGlobal B

LibertyGlobal C

LibertyLatAmA

LibertyLatAmC

LifetimeBrands

LightpathTech

LINKBANCORP

Lipocine

LiqTechIntl

LiquidMedia

LisataTherap

Littelfuse

LivaNova

Lizhi

LogicBioTherap

LogicMark

LogitechIntl

Lottery.com

Lovesac

LoyaltyVentures

LucidDiag

LuciraHealth

Lulu'sFashion

Lumentum

LumiraDx

LunaInnov

LuokungTech

LutherBurbank

LytusTech

MagicEmpireGlobal

Magnite

MalibuBoats

MalvernBancorp

Manitex

MarinSoftware

MarketAxess

MarketWise

MasterCraftBoat

MatchGroup

Materialise

MatrixService

MatthewsIntl

MawsonInfr

mCloudTech

MDxHealth

MedAvail

Medigus

MEI Pharma

MercantileBank

MercurySystems

MerrimackPharm

MesaAir

MesaLab

MetaMaterials

MetaPlatforms

MetenHolding

MGE Energy

MicroCloudHologram

Microsoft

Microvast

MidatechPharma

MidlandStBncp

GladstoneLand

GlenBurnieBncp

GlobalStarAcqn

GlobalWaterRscs

GlobusMaritime

Gogo

Gogoro

GoHealth

GoldenMatrix

GoldenOcean

GoodRx

GoodTimesRest

Goodyear

GooseheadIns

GoPro

GreatLakesDredge

GreenlandTech

Greenlane

GreenPowerMotor

GreenwaveTech

Grifols

GromSocialEnts

Groupon

GSE Systems

GSI Tech

Gulf Resources

HainCelestial

HallmarkFin

HamiltonLane

HarborCustom

HarborCustomWt

HarpoonTherap

HarvardBioSci

Hasbro

HawthornBcsh

HealthcareSvcs

HealthcrTriangle

Heidrick&Strug

Helbiz

HelenofTroy

HeliusMedical

HennessyAdvsrs

HenrySchein

HepionPharm

Heska

HEXO

HF Foods

HighTide

HimaxTechs

HinghamSvg

Histogen

HomePtCap

HomeStreet

HomeTrustBcshs

Honeywell

HookerFurnishings

HopeBancorp

Hurco

HUTCHMED(China)

Hydrofarm

Hyperfine

HyzonMotors

I-Mab

IAC

icad

IceCureMedical

Icon

Icosavax

ICU Medical

Ideanomics

IdexBiometrics

IMAC

Immuron

Immutep

ImpelPharm

ImperialPetrol

Imunon

IN8bio

IndependentBank

IndependentBank

IndLogistics

IndusRealty

InfoSvcsGrp

InMedPharm

InnatePharma

InnovativeEyewr

Innoviva

InozymePharma

InsightEnt

InspireMD

IntegralAd

IntegraLifeSci

Intel

Intercure

InterDigital

Interface

InterlinkElec

IntuitiveSurgical

Inventiva

IO Biotech

iPower

iRadimed

Itron

IZEA

JaguarHealth

JasperTherap

JE Cleantech

DiversifiedHlthcr

DixieGroup

DLH Holdings

DMC Global

DolphinEnt

DouYuIntl

Draganfly

DyadicInt

DZS

E-HomeHousehold

EagleBancorp

EagleBncpMT

EastsideDistilling

EbangIntl

eBay

EBET

Ecoark

EdesaBiotech

EdibleGarden

EducDev

eGain

EHang

eHealth

EksoBionics

ElectraVehicles

Emcore

EncoreCapital

EnergyFocus

EngineGaming

EnstarGroup

Entegris

EnteraBio

EnthusiastGaming

EnvericBiosci

ePlus

Equinix

Ericsson

ErytechPharma

Escalade

EsportsEnt

EuronetWorldwide

Ever-Glory

EverQuote

EvokePharma

Evotec

ExactSciences

Exagen

ExelaTech

Exicure

ExpeditorsIntl

EyePointPharm

EzgoTech

FangddNetwork

FaradayFuture

FarmersNatlBanc

Farmmi

FAROTech

Fathom

FedNat

Femasys

FifthThirdBncp

FinchTherap

FinInstitutions

FinwardBancorp

FirstCapital

FirstFoundation

FirstMidBcshs

FirstUnited

FirstWesternFin

FlushingFin

FocusFinPtrs

Fonar

FormFactor

FormulaSys

ForresterRes

FortressBiotech

FortressTransport

ForwardPharma

ForzaX1

FosterLB

FoxA

FoxB

Franchise

FranklinWireless

FreelineTherap

FreshTracks

Frontdoor

FrontierComms

FRP Holdings

FS Bancorp

FTAI Infra

Gaia

Galapagos

GalmedPharm

Gambling.com

GamidaCell

GAN

GDS Holdings

Genetron

Gentex

Gentherm

Gevo

GibraltarInds

GigaCloudTech

GigaMedia

GIIIApparel

GladstoneComm

CarParts.com

CarverBancorp

CellebriteDI

CellectarBiosci

Cellectis

CelyadOncology

Centogene

CentralGarden

CentralGardenA

CenturyAluminum

Cerence

Cerus

CFSB Bancorp

ChargeEnt

Charles&Colvard

CharterComms

ChembioDiagn

ChemomabTherap

Children'sPlace

ChinaNaturalRscs

ChinaSXTPharm

ChipMOSTechs

ChromaDex

CincinnatiFin

Cinedigm

Cingulate

CipherMining

CiscoSystems

CitiTrends

CitizensHolding

ClearsideBiomed

CleverLeaves

CloverHealth

CLPS

CME Group

Coca-ColaEuro

CocrystalPharma

CodeChainNew

CodexDNA

CodorusValleyBncp

CoffeeHolding

CognizantTech

Cohbar

Coherent

ColliersIntl

Collplant

ColonyBankcorp

ColorStarTech

ColumbiaSportswr

ColumbusMcKinn

Comcast A

CommVehicle

Compugen

ComputerTask

ComSovereign

Comstock

Concentrix

Conduent

Conformis

Conn's

ConnectOneBncp

ConnexaSports

ConsldComm

ContextLogic

ContextTherap

ContraFect

CorbusPharm

CoreScientific

Corphousing

CorsairGaming

CorvusPharm

CosmosHoldings

CreativeMedTech

CreditAcceptance

CrownElectrokin

Cryptyde

CSX

CtznCmntyBcp

CueBiopharma

Cuentas

CullmanBancorp

CuriosityStream

Curis

Cyanotech

Cytosorbents

CyxteraTech

DadaNexus

DailyJournal

Daktronics

DallasNews

Daseke

DataIO

DataStorage

DatChat

Dave

DAVIDsTEA

DelcathSystems

DentsplySirona

DermTech

DiamondHillInvt

Digimarc

DigitalBrands

DigitalTurbine

DIRTT Envl

DISH Network

DistributionSoln

Diversey

Week’s

New Highs and

Lows

NYSE

52 1575

New Highs New Lows

Nasdaq

146 1767

New Highs New Lows

NYSE American

3 123

New Highs New Lows

AmericanRebel

Amesite

Ammo

Anghami

AngionBiomed

Ansys

AntelopeEnterprise

Anterix

Apexigen

AppHarvest

AppliedGenetic

AppliedMolecular

ApplMaterials

AptevoTherap

AptoseBiosci

AquaBountyTech

Arcimoto

ArcoPlatform

ArgoBlockchain

AridisPharm

Arrival

ArrowFinancial

Arteris

ArtWayMfg

AscentSolar

AspenGroup

AstecIndustries

AstraZeneca

Astronics

Aterian

AtlanticaSust

Atlanticus

AtlisMotor

AtlUnionBkshs

AtossaTherap

Atreca

Atrion

AuburnNatlBncp

AutoscopeTech

AveannaHealth

Avnet

AVROBIO

Aware

Ayro

AytuBioPharma

Azenta

BakerHughes

Bandwidth

BaoshengMedia

BarfreshFood

BaudaxBio

BayCom

BeasleyBroadcast

BerkeleyLights

BerkshireGreyWt

BetterwaredeMexico

BeyondMeat

BeyondSpring

Big5SportingGds

Bilibili

BIMI Intl

Bio-key

Bio-Techne

bioAffinityTech

Biocept

Biofrontera

Biolase

BioLineRX

BiondVaxPharm

Bionomics

Biophytis

BioraTherap

BioRestorativeTher

Biotricity

BitBrother

BitDigital

Bitfarms

Blackbaud

Blackboxstocks

BladeAir

BlueBird

BluejayDiag

BlueStarFoods

BlueWaterVac

BoneBiologics

BookingHldgs

BorqsTechs

Broadcom

BrooklineBcp

BrooklynImmuno

Bruker

BruushOralCare

BTCS

BurgerFiIntl

BuzzFeed

ByndCannasoft

ByrnaTech

CaesarsEnt

CalAmp

Cantaloupe

CapitolFedFin

CapStarFin

CardiolTherap

Cardlytics

CarGurus

CarLotz

Carlyle

KismetTwoA

LakeshoreAcqnII

LaserPhotonics

LazardGrowthI

LefterisAcqnA

LibertyRscsA

MarlinTechA

MobivAcqn

MontereyBioAcqn

MoringaAcqnA

MountainCrestV

MountRainier

NatrlOrderAcqn

NocturneAcqnA

OceanTechI A

OmegaAlpha

OPYAcqnIA

OysterEntsA

PerceptionCapII

PonoCapTwoA

PrimeNumberI A

ProgressAcqnA

PrometheusBio

PropTechInvII A

ProspectorCapA

PWP Forward I A

RechargeAcqnA

RelmadaTherap

RMGAcqnIII A

SagaComm

ScionTechI A

SeniorConnectI A

ShuaaPtrsI A

Talon1AcqnA

TargetGlbl I A

TC Bancshares

Tech&TelecomA

TZP Strategies A

ValuenceI A

VenusAcqn

VickersVantageI

Vitru

WelsbachTech

WorldwideWebbA

YottaAcqn

NEW LOWS

22ndCentury

5EAdvMatls

A2ZSmartTech

AbeonaTherap

Absci

AcastiPharma

AceGlblBusWt

AchieveLifeSci

ACI Worldwide

Aclarion

AcordaTherap

ActelisNtwks

AdaptimmuneTher

Addentax

AddexTherap

ADialPharm

Adobe

AdTheorent

AdvantageSolns

AdvEmissions

AdvMicroDevices

AEternaZentaris

AethlonMedical

Affimed

AgileThought

AGNC Invt

Agora

AirNetTech

AirTransport

AkamaiTech

Akanda

AkariTherap

Akerna

Akili

AkoustisTechs

AksoHealth

AlerisLife

Alfi

AlgomaSteel

Alico

AlignTech

AligosTherap

Alithya

Allbirds

AllegiantTravel

AlliantEnergy

AlliedEsports

AlliedHealthcare

Alphabet A

Alphabet C

AlphaTeknova

Alpine4

AlsetEHome

AltairEngg

AltamiraTherap

Ambarella

AMC Networks

Amedisys

AmerAirlines

AmerCarMart

NYSE American

NEW HIGHS

AultDisruptive

BluerockHomes

NEW LOWS

AcmeUnited

AgEagleAerial

AmbowEduc

AmerGold&Silver

AmpioPharm

Ashford

AustinGold

AvinoSilver

B2Gold

BallantyneStrong

BetterChoice

BiomX

BitNile

BluerockHomes

CaledoniaMining

CamberEnergy

cbdMD

ChinaPharma

CompX Intl

DSS

DakotaGold

DeltaApparel

DunxinFinl

EMX Royalty

1847Holdings

EllomayCapital

EmersonRadio

EquinoxGold

ExcellonRes

FOXOTechnologies

FlexSolInt

FranklinStProp

FriedmanInds

FuryGoldMines

GencorInds

Goldmining

Graphex

IMPAC Mortgage

ITTechPkg

iBio

InfuSystems

InnSuitesHosp

IntegraResources

Intellinetics

IntlTowerHill

IsoRay

KelsoTechs

LairdSuperfood

MaiaBiotech

MaverixMetals

MetallaRoyalty

MilestoneSci

Myomo

NewFoundGold

NewPacificMetals

NorthernDynasty

NovaBayPharm

Polished.com

PowerREIT

RetractableTechs

SachemCapital

Seaboard

SifcoInd

SilvercorpMetals

SilverCrestMetals

SkyHarbour

SyntheticBio

TakungArt

TrinityPlace

UniqueFabricating

VolitionRX

WesternCopper

WidePoint

Zedge

Nasdaq

NEW HIGHS

7AcqnA

7GC A

AccretionAcqn

AceConvergence

AequiAcqnA

AF Acqn A

AGBAAcquisition

AIBAcqnA

AkeroTherap

AlphaStarAcqn

AnthemisDigA

ArmadaAcqnI

AryaSciencesV

AspenTech

AthlonAcqnA

AtlCoastal II A

AtlisMotor

AuroraTechA

AuthenticEquityA

AvistaPubII A

BullpenParlayA

ByteAcqnA

C&F Fin

Cal-MaineFoods

Canna-GlobalA

CarneyTechII A

ChangeHlthcr

CONX

CorazonV838 A

CounterPressA

CovaAcqna

CyberOptics

DataKnightsA

DilaCapitalA

Disruptive I A

EdifyAcqnA

FinStrategiesA

ForbionEuroA

FortistarSustA

FrontierInvtA

FtacHeraA

Gaming&HospA

GardinerHlthcr

GenesisUnicornA

GlblBlockchain

GlbPtrII A

GlobalStarAcqn

GoodWorksII A

GreencityAcqn

GreeneCnty

GreenVisorI A

HainanManaslu

Harmonic

HarrowHealth

HCM Acqn A

IgnyteAcqn

ItiquiraAcqnA

IXAcqnA

JoffFintechA

JupiterWellnessA

KairousAcqn

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:49

October 3, 2022 BARRON’S 49

SangomaTechs

Sanofi

SapiensInt

SarcosTech&Robotic

SaveFoods

SaverOne2014

SBA Comm

SchmittIndustries

SchnitzerSteel

Scholastic

Scienjoy

SciPlay

ScopusBio

ScrippsEW

SeacoastBkgFL

Seagate

SeanergyMaritime

SeaSpine

SecureWorks

SEI Investments

SellasLifeSci

SenesTech

SenmiaoTech

SenstarTech

Sentage

SentiBiosciences

SesenBio

SevenHillsRlty

ShattuckLabs

ShenandoahTel

SHF

ShoeCarnival

ShoreBancshares

ShuttlePharm

Sientra

SierraBancorp

SifyTech

SigilonTherap

SigmaAdditive

Sigmatron

SignatureBank

SiloPharma

SinclairBroadcast

SiNtxTech

SiTime

SiyataMobile

SKGrowthOppsA

SkyWest

Skyworks

SLM

SmartSand

SmileDirectClub

SnowLakeRscs

SocietyPass

SocketMobile

SoFiTech

SolenoTherap

SolidPower

SomaLogic

SonicFoundry

Sono

SonomaPharm

Sonos

SoteraHealth

SouthernFirstBcsh

SouthsideBcshs

SoYoungIntl

Sphere3D

SPI Energy

Splunk

SpringBig

SpruceBio

SRAX

SS&C Tech

SSR Mining

StarBulkCarriers

StateraBio

StdBioTools

SteakholderFds

SterlingInfr

StevenMadden

StitchFix

StrataSkinSci

Stratasys

Strattec

StrongholdDig

SummitStateBk

SunCountryAir

SuperiorGroup

SuperLeagueGam

SurgeryPartners

SVB Fin

Swvl

Synaptics

SyneosHealth

Taboola

TalisBiomed

TandyLeather

Tantech

Taoping

TattooedChef

TayshaGene

TCBioPharm

TCR2 Therap

TechTarget

Telesat

TempestTherap

Tenable

TenaxTherap

TenayaTherap

TenonMedical

Teradyne

TeraWulf

TerritBanc

TesscoTech

TH Intl

The9

ThirdCoastBcshs

Thoughtworks

ThredUp

TianRuixiang

TivicHealth

TonixPharm

Tradeweb

Travelzoo

TreasureGlobal

TremorIntl

Trevena

Trimble

TrinityCapital

TritiumDCFC

TriumphBancorp

trivago

TrueCar

TTEC

Tucows

TuesdayMorning

TurtleBeach

uCloudlink

UcommuneIntl

UltraClean

UltragenyxPharm

UnicoAmerican

UnionBankshares

UnitedGuardian

UnitedInsurance

UnitedSecBcshrs

Uniti

UnivDisplay

UnivestFin

UnivStainless

Upexi

UplandSoftware

Upstart

Upwork

urban-gro

US Energy

US GlobalInv

US Gold

US Lime&Min

Usio

Vaccinex

Valneva

VascularBiogenics

VeraBradley

Verastem

VerifyMe

VerintSystems

Veritex

VeryGoodFood

ViaRenewables

Viatris

VicinityMotor

VillageFarms

VillageSuper A

Vimeo

VincerxPharma

VintageWineEstates

ViomiTech

VIQSolutions

ViriosTherap

VirpaxPharm

VirtuFinancial

VirtusInvtPtrs

VisionaryEduc

VislinkTech

Vivakor

VivaniMedical

VivosTherap

Vodafone

VorBiopharma

voxeljet

VyantBio

VyneTherap

Wag!

WalgreensBoots

WarnerBrosA

WarnerMusic

WearableDevices

Weibo

WestamericaBncp

WesternDigital

WestportFuelSys

WestrockCoffee

WeycoGroup

WheelerREIT

WholeEarthBrds

Willdan

WiMiHologram

WisdomTreeInvs

WISeKey

WM Tech

Woodward

WorldAcceptance

WW Intl

XBiotech

XcelBrands

Xerox

Xos

XTL Biopharm

YoshiharuGlbl

YunhongCTI

ZebraTech

Zenvia

ZiffDavis

Zillow A

Zillow C

ZimVie

ZK Intl

ZoomVideo

Zovio

Zumiez

ZynerbaPharma

NYSE

NEW HIGHS

AP Acqn A

AfricanGoldA

AltusPower

ArctosNorthA

AtlStreetAcqn

AvantiAcqnA

BerensonAcqnI

BiohavenWi

BiohavenPharm

BlackSpadeA

BlueRiverA

BuildAcqnA

CorsairPtrA

CrucibleAcqnA

D&ZMediaA

DirectSellingA

FortressCapA

FortressVal III A

GSquaredIIA

GigCapital5

GoldenFalconA

H.I.G.AcqnA

IberePharmA

IconicSportsA

InFinTAcqnA

IntegratedRailA

IntegratedWellA

JattAcqnA

JawsMustangA

LeoHldgsII A

EliLilly

PeriphasCapA

PontemA

Renren

SoarTechAcqnA

ST Ener I A

Supernova III A

TLGAcqnOneA

10XCapIII A

TigaAcqnA

TortoiseEcoIII A

TrineIIAcqnA

twoA

VyGlblGrowthA

WarburgPincusI-B A

XperiWi

NEW LOWS

ABB

ABMIndustries

ACCO Brands

ADC Therap

AG Mortgage

ARC Document

AT&T

AZZ

Aaron's

AbbottLabs

AcadiaRealty

AccelEnt

Accenture

AdvanceAuto

Aenza

AevaTech

Agiliti

AgnicoEagle

AlamosGold

Albertsons

Alcoa

Alcon

Alexander&Baldwin

Alexanders

Allegion

Allete

AllianceBernstein

AllyFinancial

AlpineIncmProp

AlticeUSA

Altria

Amcor

AmericanAssets

AmerEagle

AmericanFin

AmHomes4Rent

AIG

AmerTowerREIT

AngelOakMtg

AB InBev

AnnalyCap

AnywhereRealEst

AptIncmREIT

APi Group

ApolloComRlEst

AppleHospREIT

Aptiv

ArborRealty

ArcelorMittal

Archrock

Arconic

ArdaghMetalPkg

AresCommRealEst

Argan

ArgoGroup

ArlingtonAsset

ArloTech

ArmadaHoffler

ArmourResREIT

ArrowElec

ArtisanPtrsAsset

AsburyAutomotive

Atento

Atkore

Avalonbay

Avangrid

AvanosMedical

Avantor

Avient

Avista

AxaltaCoating

B&G Foods

BCE

BEST

BGSF

BitMining

Babylon

Ball

BancCalifornia

BcoSantChile

BancoSantander

BanColombia

BankofMontreal

BankNY Mellon

BkNovaScotia

BankUnited

Barclays

BarnesGroup

BarrickGold

BaxterIntl

BeazerHomes

BectonDicknsn

BellRing

BensonHill

BerkHathwy A

BerkHathwy B

BerryGlobal

BestBuy

BigLots

BigBear.ai

BirdGlobal

BlackBerry

BlackRock

Blackstone

BlackstoneMtg

Block

BlueOwlCapital

BluegreenVac

BootBarn

BoqiiHolding

BorgWarner

BostonProps

BoydGaming

Brady

BrandywineRealty

Braskem

BreadFinancial

BrightHorizons

BrightSphere

BrightSpire

BrightView

Brink's

BrixmorProp

BroadmarkRealty

Broadstone

BrookfieldMgt

BrookfieldReins

BrookfieldInfr

Bunge

BurfordCapital

BurlingtonStrs

BylineBancorp

CBRE Group

CGI

CI Financial

CMS Energy

CNA Fin

CRH

CS Disco

C3.ai

Curo

CableOne

Cactus

CAE

CallonPetrol

CamdenProperty

CanadaGoose

CIBC

CapitalOne

CarMax

Carnival

Carnival

Carter's

Catalent

Caterpillar

Celanese

Celestica

CenterraGold

Centerspace

CentralPacFin

CharahSolutions

CharlesRiverLabs

CheetahMobile

CherryHillMtg

ChesapeakeUtil

ChimeraInvt

ChoiceHotels

ChunghwaTel

Church&Dwight

Ciena

Cinemark

Citigroup

CitizensFin

CityOfficeREIT

Clarivate

ClarosMtg

ClipperRealty

ColgatePalm

CommBkSys

CommunityHlthSys

CommunityHlthcr

CiaSiderurgica

CerveceriasUnid

CompassDiversif

Conmed

Constellium

ContainerStore

Volaris

Cooper

CoreLabs

CorebridgeFin

CorEnergyInfr

Corning

CorpOfficeProp

Costamare

CousinsProperties

CrawfordA

Crawford B

CreditSuisse

CrownCastle

CrownHoldings

Cushman&Wkfd

CustomersBancorp

DRDGOLD

DXC Tech

Dana

Danaos

DanimerScientific

DellTechC

DeltaAir

Deluxe

Despegar.com

DeutscheBank

Diageo

Diamondrock

DigitalRealty

DigitalBridge

DineBrands

DolbyLab

Dole

DominionEner

Domino's

DoorDash

DouglasDynamics

DouglasElliman

DouglasEmmett

Dover

DriveShack

DuckhornPtf

DukeEnergy

Dun&Bradstreet

DuPont

DynexCapital

ENI

EPR Prop

ESAB

EagleMaterials

EasterlyGovtProp

EastGroup

EastmanChem

Ecolab

Ecopetrol

EdwardsLife

8x8

ElancoAnimal

EldoradoGold

ElementSolns

ElevateCredit

EllingtonFin

EllingtonResiMtg

EmbotellAndinaA

EmergentBiosol

EmersonElec

EmpireStateRealty

EmployersHldgs

EndeavourSilver

Energizer

Enovis

Entravision

Envestnet

Envista

Equifax

EquityCommnwlth

EquityLife

EquityResdntl

EssentGroup

EssentialProp

EssexProp

EsteeLauder

Eventbrite

EvercoreA

EverestRe

Evergy

Evertec

Express

FathomDigital

FederalRealty

FedEx

Ferguson

FidNatlFin

FidNatlInfo

FirstAmerFin

FirstCmwlthFin

First HS Educ

FirstIndRlty

FirstRepBank

Fisker

FivePoint

FleetCorTech

Flowserve

Forestar

ForgeGlobal

Fortis

FortunaSilver

FortBrandsHome

FourCornersProp

Franco-Nevada

FrankBSPRealty

FranklinRscs

FreseniusMed

FutureFuel

GATX

GSK

GXO Logistics

Gannett

Garmin

GatesIndustrial

GatosSilver

GencoShipping

Genesco

GettyImages

Glatfelter

GlobalIndemnity

GlobalIndl

GlobalMedREIT

GlobalNetLease

GoldFields

Gorman-Rupp

GrafTechIntl

GrahamHoldings

GraniteConstr

GranitePointMtg

GrayTelevisionA

GrayTelevision

GreatAjax

GreenDot

Greenbrier

Greenhill

Group1Auto

GroveCollab

GpoAvalAcc

GrupoTelevisa

Guess

HCI Group

HNI

HP

HSBC

HUYA

Hanesbrands

HannonArmstrong

Harsco

HartfordFinl

HawaiianElec

Hayward

HealthcareRealty

HealthpeakProp

HeclaMining

HeritageInsurance

HershaHospitality

HighwoodsProp

Hillenbrand

Hilltop

HiltonGrandVac

Holley

HondaMotor

HorizonGlobal

HoulihanLokey

Hovnanian

HowardHughes

HudsonPacProp

HysterYaleMatls

IHS Holding

ING Groep

INNOVATE

Invesco

IQVIA

IamGold

IndepRealty

Ingredion

InsteelInds

InterContinentl

IntercorpFinSvcs

IntlFlavors

IntlPaper

Interpublic

Invacare

IronNet

iStar

JBG SMITH Prop

JELD-WEN

JPMorganChase

JacobsSolns

JamesHardie

JanusHenderson

JohnBeanTech

JonesLang

JuniperNetworks

KAR Auction

KB Financial

KKR

KKR RealEstFin

KoreGroup

KT

Kaleyra

Kaman

Kemper

KennedyWilson

KeyCorp

KilroyRealty

KimberlyClark

KimcoRealty

KiteRealty

Knowles

Kohl's

KoninklijkePhil

Koppers

KoreaElcPwr

KronosWorldwide

KukeMusic

Kyndryl

LG Display

LL Flooring

LXP Industrial

LabCorp.ofAmerica

LadderCapital

Leggett&Platt

LendingClub

LeviStrauss

Li-Cycle

LifeTime

Lightng eMotors

LincolnNational

Linde

LionElectric

LionsGate A

LionsGate B

LithiaMotors

LiveWire

LloydsBanking

loanDepot

Loews

LouisianaPacific

LufaxHolding

LumenTech

LumentFinance

Luxfer

MBIA

MDC Holdings

MFA Financial

MinisoGroup

MP Materials

MSA Safety

MSC Industrial

Macerich

Macy's

MSG Entertainment

MSG Sports

MagnaIntl

Magnachip

Manitowoc

Manpower

ManulifeFin

Marcus&Millichap

MarineProducts

Markel

Masco

MasoniteIntl

Mastercard

Matson

MaxarTech

MayvilleEngg

McCormick

McCormickVtg

MedicalProp

Medifast

Medtronic

MemberCollect

MercuryGeneral

MettlerToledo

MidAmApt

MillerIndustries

MineralsTechs

MistrasGroup

MitsubishiUFJ

MohawkInds

MoneyLion

Moody's

Movado

MultiPlan

NCR

NGL Energy

NationalGrid

NatlRetailProp

NatlStorage

NaturalGrocers

Natuzzi

NatWest

Nautilus

NaviosMaritime

Netstreit

NY CmntyBcp

NYTimes A

Newmont

NewparkResources

NexaResources

NexPointRealEst

NexPointResidentl

Nike

NoahHoldings

Nokia

NomadFoods

NomuraHoldings

Nordstrom

NorfolkSouthern

NorthAmConstr

Novartis

NuSkinEnts

NuSTAREnergy

ONEOK

OceaneeringIntl

OilStatesIntl

OldRepublic

Olin

OnHolding

OneLiberty

OneConnectFinTech

OneMain

OppFi

Oracle

Orange

OrchidIsland

Organon

OrionEngCarbons

OrionOffice

Orix

Oshkosh

OtisWorldwide

OutfrontMedia

Owens&Minor

Owlet

PLDT

POSCO

ProgHoldings

PVH

PackagingCpAm

ParamountGroup

ParkHotels

Paymentus

Paysafe

PebblebrookHotel

PA Reit

Pentair

PerimeterSolns

PerkinElmer

PhilipMorris

PhysiciansRealty

PiedmontOfficeA

PitneyBowes

PlymouthIndREIT

PortlandGenElec

PrestigeCnsHlth

ProAssurance

Procter&Gamble

Prologis

PropertyGuru

ProPetro

ProtoLabs

ProvidentFinSvcs

PrudentialFin

Prudential

PublicServiceEnt

PublicStorage

Q2Holdings

Qiagen

QuanergySystems

QuanexBldg

RELX

RLJ Lodging

RLX Tech

RPTRealty

RalphLauren

Ranpak

Rayonier

ReadyCapital

RealtyIncome

Redwire

RedwoodTrust

RegionalMgmt

Revolve

RexfordIndlRealty

RingCentral

RioTinto

RithmCapital

RocketCos.

RockleyPhotonics

RogersComm B

RomeoPower

RoperTech

RoyalBkCanada

RubiconTech

RushStreetInt

S&P Global

SITE Centers

SK Telecom

SLGreenRealty

SOS

SQZ Biotech

STAG Indl

SafeBulkers

Safehold

Salesforce

SandstormGold

SaulCenters

SchneiderNatl

ScottsMiracleGro

SeabridgeGold

SealedAir

SelectQuote

SensataTechs

SensientTech

ServiceCorp

ServiceNow

Shapeways

ShawComm B

SherwinWilliams

ShinhanFin

Shopify

Shutterstock

Similarweb

SimonProperty

SimpsonMfg

SiteOneLandscape

SixFlags

SkechersUSA

SkeenaRscs

Skillsoft

SmartRent

SmithAO

Smith&Nephew

SolarWinds

SonidaSrLiving

Sony

SoCopper

SouthwestAir

SpectrumBrands

SpiritAeroSys

SpiritRealtyCap

Spotify

Sprinklr

Sprott

St.Joe

StandardMotor

StanleyBlackDck

StarryGroup

StarwoodProp

Steelcase

Stepan

Steris

StewartInfo

StifelFinancial

SumitomoMits

SummitHotelProp

SunComms

SunLifeFinancial

SunCokeEnergy

SunlightFinl

SunstoneHotelInv

SuperGroup

SuperiorIndsIntl

Suzano

System1

TC Energy

TD Synnex

Telus

Ternium

TPG RE Fin

TaiwanSemi

TakedaPharm

Tanger

TaroPharm

TejonRanch

TeladocHealth

TeledyneTech

Teleflex

TelefonicaBras

Telefonica

Telephone&Data

TenetHealthcare

TerranOrbital

TerrenoRealty

3M

TotalEnergies

TownsquareMedia

ToyotaMotor

Transalta

TransUnion

Travel+Leisure

Tredegar

Trex

TriPointe

TriconRes

Trinseo

TriumphGroup

Tronox

TruistFinl

TurningPoint

TutorPerini

Tuya

TwoHarbors

TysonFoods

UDR

UGI

UMH Prop

US Foods

US PhysTherapy

UWM

UiPath

UltraparPart

UnderArmour A

UnderArmour C

Unifi

UnionPacific

Unisys

UnitedMicro

UnitedNatFoods

UPS B

US Bancorp

Univar

Universal

UniversalHealth

UniversalHealthB

UnivInsurance

UnvlTechInst

UrbanEdgeProp

UrstadtProp A

UsanaHealth

VF

ViaOptronics

VailResorts

Valvoline

Vapotherm

VectorGroup

VenatorMaterials

Ventas

VerisResidential

Verizon

VinceHolding

VirginGalactic

Visa

VistaOutdoor

Volta

Vontier

VornadoRealty

W.P.Carey

WPP

Walker&Dunlop

Wallbox

WashingtonREIT

Waters

Wayfair

Welltower

WestFraserTimber

WestPharmSvcs

WestAllianceBcp

WesternUnion

WestRock

Westwood

WeWork

Weyerhaeuser

WheatonPrecMet

WheelsUp

Whirlpool

WhitestoneREIT

WideOpenWest

Wiley A

Wiley B

Wipro

WolverineWwide

WooriFin

WorthingtonInds

WyndhamHtls

XPeng

XperiWi

Yeti

Youdao

YumBrands

ZimIntShipping

ZeppHealth

Zhihu

Zoetis

Zuora

ZurnElkayWater

DATA MARKET LABORATORY BARRONS.COM/DATA

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:50

50 BARRON’S October 3, 2022

OTHER VOICES Falling European demand juxtaposed with a

strong U.S. dollar represent a one-two punch

to the bottom line of many U.S. firms.

The U.S.Won’t Be

Spared Europe’s

Pain in a Recession

The odds of recession in Europe are

rising, and as they

do, the ripple effects will be felt far

and wide. The U.S.

will not be spared.

Europe’s downturn will affect U.S.

corporate earnings, bilateral trade,

and the U.S. dollar, among other economic variables. But it will also have

a direct bearing on geopolitics, especially on Europe’s ability to stand

shoulder-to-shoulder with the U.S.

in defending Ukraine in its historydefining conflict with Russia.

In a world fixated on the U.S.-

China great-power rivalry, it’s easy to

overlook Europe’s place in the global

economic hierarchy. Including the

27-member European Union plus the

United Kingdom, Norway, Switzerland, and Iceland, Europe is home to

over 500 million people, with a nominal gross domestic product equal to

25% of world output in 2021. That’s

slightly ahead of the U.S. share of

global output (24%) and greater than

China’s (18%).

Europe is not only large. It’s also

wealthy. Fourteen of the 25 wealthiest

nations in the world are European,

with the per capita income of the EU

($38,234 in 2021) significantly higher

than both China ($12,556) and India

($2,277), according to the World

Bank.

Wealth drives consumption. Europe accounted for roughly 21% of

global personal consumption expenditure in 2020, the last year of available

data. That’s a lower share than that of

the U.S. (30%) but well above that of

China (12%) and India (3.4%).

All of the above underscores the

global economic heft of Europe and

the fact that a downturn in Europe

will not be contained to the continent.

For many large-cap U.S. multinationals, the pain will be transmitted

primarily via deteriorating U.S.

foreign-affiliate sales and earnings

in Europe. At last count, over 19,000

U.S. affiliates were sprinkled across

the region, generating some $3.3 trillion in affiliate sales in 2019, the last

year of available data. That figure

accounts for roughly half of total

global affiliate sales.

By the same token, Europe contributes 56% to total U.S. foreign affiliate

income, a proxy for U.S. global earnings. U.S. affiliates booked record

income of $305 billion in Europe last

year, a number more than three times

that of income earned in the entire

Asia-Pacific region ($98 billion). The

regional difference in income underscores the depth of U.S. corporations’

trans-Atlantic commercial ties. As

Europe goes, so goes the near-term

outlook for U.S. global earnings.

Compounding matters is the recent

U.S. dollar strength versus the euro

and pound sterling. The former has

declined by roughly 16% against the

U.S. dollar this year, while the pound

is off 20% and plumbing record lows

against the greenback. The U.K. currency, as well as government bonds,

have been hammered by the market’s

lack of confidence in the new government’s economic growth plan. The last

thing that jittery global investors need

right now is emerging-market-like

chaos and volatility from one of

Europe’s largest economies.

While the dollar’s strength reflects

in part the U.S. Federal Reserve’s aggressive move to boost U.S. interest

rates relative to other central banks, it

also mirrors the crumbling economic

prospects of Europe and the region’s

deteriorating terms of trade as a net

By Joseph Quinlan

and Lauren

Sanfilippo

oil importer. The upshot: Falling

European demand juxtaposed with a

strong U.S. dollar represent a one-two

punch to the bottom line of many U.S.

firms. Investors should not be surprised if more U.S. companies warn

of lower earnings and guidance in

the upcoming earnings season as a

consequence.

One exception could be U.S. energy leaders that have benefited from

Europe’s mad scramble to wean itself

off Russian energy. Helping to fill the

void, U.S. energy exports to Europe

surged to $43 billion in the first half

of 2022, an increase of 190% from a

year ago.

Finally, geopolitics is harder to

quantify but no less important to consider as Europe slides into recession.

A downturn will test the resolve of

European leaders to stick together and

cooperate in the face of an epic energy

crisis and a Russian-led war right at

their doorstep.

More than six months into the war,

Europe remains resolute in backing

Ukraine and steadfast in assisting the

U.S. in defending the integrity of

Ukrainian sovereignty. However, this

determination will be tested in the

months ahead. The risk is that, as the

war drags on and the recession unfolds, European solidarity cracks.

This scenario would place a further

drag on consumer and business confidence, the euro, and overall growth

prospects.

It would also undermine U.S. efforts to maintain a united Western

front not only against Russian but also

against the Russian-Chinese partnership that has morphed into a strategic

challenge to the U.S. and the Western

liberal order.

Heading into the fall, the stakes

in Europe could not be higher. How

events unfold in the coming months

will not only affect asset prices across

the region, but also globally, the U.S.

included. U.S. investors fixated on the

Fed should also be keenly focused on

Europe. B

Joseph Quinlan is the chief market strategist

for Bank of America’s Merrill and Private

Bank units. Lauren Sanfilippo is a senior

investment strategist at Bank of America.

Illustration by Alex Merto

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:51

October 3, 2022 BARRON’S 51

MAILBAG Send letters to [email protected]. To be considered for

publication, correspondence must bear the writer’s name,

address, and phone number. Letters are subject to editing.

Numbers by Barron’s, which breaks

down the markets, is available

wherever you listen to podcasts.

Navigating the

Healthcare

Market

To the Editor:

Great read for “stay at home” investors trying to buy

healthcare stocks (“How to Invest in Medicine Now,”

Cover Story, Sept. 23). I love Neal Kaufman’s pick of

Inspire Medical Systems. His fundamental analysis

and Barron’s reporting remind me of the good old days

when Peter Lynch, Mario Gabelli, John Neff, et al.

offered their ideas, which is why I started buying

Barron’s in the late 1970s. Great ideas from real analysts and portfolio managers, not marketing guys

trying to make a living.

Louis Acevedo

On Barrons.com

To the Editor:

I’ll stick with Amgen. It raises its dividend by 10%

each year, which means that your cash payout doubles

every seven years. While the dividend is, of course,

taxable, a yearly 10% boost should stay ahead of

inflation.

Ray Noack

On Barrons.com

To the Editor:

Why bother with any of the mutual

funds when there numerous

exchange-traded funds across the

healthcare sectors, including biotechs? Biotechs were darlings last

year. Everyone piled into them. Now

it’s a different story. I use long and

short ETFs with a swing trading

technique and am doing fine.

Cheap and best choices in general

are the Health Care Select Sector

SPDR and Vanguard Health Care

Index.

Sundar Nilavar

On Barrons.com

Fed Bludgeoning

To the Editor:

Randall W. Forsyth’s Up & Down

Wall Street column was packed with

facts pulled together into a meaningful perspective (“The Fed Wants to

Beat Back Inflation. It’s Bad News for

Investors,” Sept. 23).

This time really is different. The

government must adopt policies to

quickly repair the supply chain, and

fiscal policies must be tighter in order to get inflation under control.

The Federal Reserve’s bludgeoning of

the working class with aggressive

moves, by itself will result only in

catastrophe.

George Powell

Carmel Valley, Calif.

Happy Hour?

To the Editor:

Thanks, Nicholas Jasinski, for

scaring me before the weekend

(“September Was Bad for Investors.

October Could Be Worse,” The

Trader, Sept. 23). I’ll go have a gin

and tonic and forget about it until

Monday morning.

Peter Lobo

On Barrons.com

Junk CEFs

To the Editor:

You cannot be a pedestrian investor

in closed-end funds and hope to do

well (“Junk-Bond Yields Top 8%. It

Could Be a Good Time to Buy,” Sept.

23). However, if you are willing to do

some research and wait for selloffs

such as this one, you can score some

really good deals and a nice yield. I

would recommend picking CEFs

with leverage ratios at about 30% or

less. Regarding BlackRock Corporate

High Yield, the fund is doing a rights

offering to raise capital in order to

take advantage of the dislocation in

the high-yield market. The CEF also

has the ability to repurchase shares

in order to manage the discount to its

net asset value.

I also like its willingness to use

return of capital to help keep the

payout level, as it did in 2020, 2021,

and 2022. I last purchased the CEF

during the Covid selloff and sold it

early last year when it was close to

the peak. The current selloff is offering the same opportunity,

Brent D. Peterson

On Barrons.com

Revenge of the Boomer

To the Editor:

In Jack Hough’s Streetwise column

(“Stocks Are Sinking and Rates Are

Rising. It’s Painful, but We’re Heading

for Normal,” Sept. 23), he writes, “I

haven’t heard a word about nonfungible cartoon monkey tokens in maybe

three months.” This reminds me of a

quote in Barron’s from February 2021.

“The boomer says to the millennial,

‘What are you, growth or value?’ And

he goes, ‘I’m a meme investor, and I’m

kicking your ass.’ ” Today’s boomer

response: “Not anymore, and you may

never again.” At the time, this boomer

would have humbly smiled, thinking

that one simply needs to learn some

lessons on one’s own.

Tom Verdi

Providence, R.I.

Storm Stock

To the Editor:

I read with interest “More Power

Outages Make ‘Storm Stock’ Generac

a Buy. Shares Could Surge 50%,”

Sept. 22). I’ve held the stock for about

four years now, and it “generates” a

consistent profit. And what a moat!

No competitor comes close. With extreme weather occurrences increasing, Generac has a charged future.

I’ll be buying more.

Patty Duffy

Grand Blanc, Mich.

Ford Goes Electric

To the Editor:

Al Root acknowledges that his earlier

story was far too optimistic and then

says that Ford Motor’s most recent

report “also contains slivers of good

news.” I would say that “slivers” is

about right (“Ford Stock Is Still a

Buy, Despite Supply Issues. Here’s

Why,” Follow-Up, Sept. 23).

But if an investor is in a position

to invest for the longer term, I agree

that Ford’s commitment to electric

vehicles makes it an attractive stock.

Not sure I would buy it today, but I’ll

be keeping an eye on it.

Everything depends on how well

Ford does in competing in the global

EV market.

Margaret Mahar

On Barrons.com

“Biotechs were darlings last year.

Everyone piled into them. Now it’s

a different story.”

Sundar Nilavar, on Barrons.com

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:52

52 M W L C 10 11 12 H G R P BARRON’S 483F2D6790AI October 3, 2022

Gold Sponsors Bronze Sponsors Thought Leaders Media Partner Powered by

LEARN HOW TO

RECESSION-PROOF

YOUR WEALTH

OCTOBER 30 – NOVEMBER 1

Omni Orlando Resort at ChampionsGate

ORLANDO

REGISTER NOW TO ATTEND www.Barrons.MoneyShow.com or Call 800-970-4355!

Mention

Priority Code:

057892

Discover the specific moves you should make to protect your

capital and your profits during these uncertain times with

IN-PERSON guidance from 75+ world-class financial experts!

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:53

BARRON ’S WEA LTH & ASSET MANAGEMENT GROUP

How to Invest

For the Next

10 Years

The coming decade won’t be like

the last. Stock-picking, bonds,

and cash-generating businesses

should make a comeback.

PAGES S2

GUIDE TO WEALTH

OCTOBER 3, 2022

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:54

S2 BARRON’S October 3, 2022

This year, investors have

endured a near-daily

onslaught of marketmoving news sketching a picture of slowing economic growth,

elevated inflation, and flagging fiscal

and monetary stimulus. In response,

the S&P 500 index has tumbled more

than 22% from its record high, and

bonds have lost about 14% since

January. Amid the torrent of reports—

everything from monthly inflation and

jobs numbers to seemingly every utterance of Federal Reserve officials—

it’s easy for investors to get caught up in

the here and now.

Yet investing success is most dependably achieved with a long-term perspective. That’s why this Guide to Wealth is

all about taking a long view. In this and

related stories, we identify strategies

and trends—as well as stock, bond, and

fund picks—that we expect to work for

the next 10 years.

With stock and bond indexes projected to have low-single digit returns

for the next market cycle, a long-term

portfolio should look very different

going forward than it did in the past 10

years. We suggest engaging in active

stock-picking (see page S4), or buying

funds that do so, rather than deploying

passive indexes; adding alternatives

(page S8); and, yes, adding to fixed income (page S6). In fact, the 60/40 stock/

bond split looks appealing again after

the portfolio’s worst start to a year ever

in 2022. For investors who want to spice

things up with alternative asset classes

that tend not to correlate with stocks

and bonds (private equity or nontraditional credit strategies are popular

themes), something like a 55/35/10

portfolio makes sense.

“We’re superexcited about what the

next decade looks like for investors,”

says Lisa Shalett, chief investment officer of Morgan Stanley Wealth Management. “It looks very different from the

past 14 years. The opportunities are

much more diversified and broader.”

Buying low. Truth is, no matter

how you divvy up your portfolio

among asset classes, the market downturn makes this a much more compelling starting point for investors looking

to put new money to work. A punishing nine months of returns has left

many stock sectors considerably

cheaper than they have been for years,

while fixed income is actually providing meaningful income for the first

time in almost a decade and a half.

“Across asset classes, one of the best

predictors of future performance is

starting valuations,” says Jason Draho,

head of asset allocation for the Americas

at UBS Global Wealth Management.

“Fixed income is looking very interesting for the first time in years. And there

are areas of equities that are becoming

interesting, as well, especially with a

10-year horizon.”

A look back. To understand the

market drivers of the next decade, it’s

important to look at the past cycle. After

the 2008-09 financial crisis, the U.S.

A New Portfolio for

The Next Decade

The investment landscape is now shifting.

Here’s how to build a plan for long-term success.

BY NICHOLAS JASINSKI

ILLUSTRATIONS BY KYLE ELLINGSON

P:55

October 3, 2022 BARRON’S S3

economy was characterized by slow

economic growth, low inflation, rockbottom interest rates, and quantitative

easing by central banks across the

globe. It was a Goldilocks environment, particularly for financial assets

with longer duration—essentially

those with a greater share of their cash

flows occurring far off in the future.

That includes long-dated government

and corporate bonds, but also shares

of growth-oriented companies.

That environment favored a relatively narrow group of stocks that

trounced the market for most of the

past cycle and came to dominate major

market indexes, namely the Big Tech

giants and other fast-growing, but not

necessarily profitable, businesses.

The S&P 500 returned 16% a year

from the start of 2009 through the end

of 2021. The technology and consumerdiscretionary sectors rose more than

20% annually over that period, while

energy stocks returned 4% annually;

financials, 13%; and industrials, 14%.

The safer end of the bond spectrum

yielded little to nothing.

“The formula that worked over the

past decade was passive, U.S., growth,

megacap,” says Shalett. “That formula

will fail over the next decade.”

Where we are. Cash-generating

investments are back in vogue for the

next decade. Higher volatility adds

greater uncertainty to future predictions, while higher interest rates mean

that far-off cash flows are worth less

when discounted back to the present,

and securing financing is more expensive. That dynamic expands the universe of potentially winning stocks to

value-oriented sectors, and makes

bonds a real alternative again.

Don’t expect smooth sailing, however. Strategists and fund managers

see an environment of structurally

higher inflation and interest rates over

the next decade. That doesn’t mean

the 8% annual inflation we’ve seen

in 2022, but something around 3%

seems likely for years. The Federal

Reserve will remain laser-focused on

holding down inflation, and investors

won’t be able to count on a so-called

“Fed put” as a floor under the market,

or on the distorting effects of central

bank asset-buying programs, known

as quantitative easing, or QE, which

flooded financial markets with liquidity and pushed investors up the risk

spectrum.

“It’s like a family lounging on inflatable floaties in a pool,” says Robert

Phipps, director at Per Stirling Capital

Management. “It doesn’t matter who

the strongest swimmer is; when the

water drains from the pool, everybody

goes down together.”

Time will tell whether monetary

policy will remain an outright drag on

stocks over the next decade. as it has

been in 2022. But it certainly won’t

provide as much of a boost as it did

in the past cycle. “The overwhelming

majority of the return that investors

enjoyed from equities [in the past cycle] was from valuation expansion,”

says Jack Ablin, chief investment officer at Cresset Capital. “In an environment where that QE tailwind is disappearing and may even become a headwind, we now have to pay much more

attention to earnings growth and dividend yields.”

Choose wisely. Value stocks and

businesses throwing off the most cash

with higher shareholder returns are

likely to be competitive. The S&P 500

remains overweight the last cycle’s

winners; the average stock in the index could beat the index’s overall performance, which is overwhelmingly

influenced by its largest-market-cap

components.

There will be opportunities for

stockpickers in innovative new frontiers. Labor shortages and a potential

shift in supply chains closer to home

will spur investments in factories that

rely more on robots and automation.

Renewable-energy generation will

take share from fossil fuels. Genomics,

telehealth, and Big Data will transform the way more people receive

healthcare. Applications of artificial

intelligence—whether predictive analytics, natural language processing,

computer vision, or another area—will

become more widespread across companies and sectors.

Success won’t go only to the companies making the technology, but

also to those using it to become more

productive, efficient, and competitive.

“That’s a contrast to the past 14 years,

which was singularly about one ecosystem,” says Shalett. “That was the

smartphone-centric ecosystem of ecommerce and social media....Moving

forward, we think the new winners

are not necessarily going to be about

the tech makers, but the tech takers.”

Old-school companies such as

banks—including JPMorgan Chase

(ticker: JPM) and Bank of America

(BAC)—could fit that rubric. AI will

reduce time spent on labor-intensive

tasks, just as automated-teller machines did in the 1980s, reducing

the need for back-office employees.

More-advanced mobile apps will

mean fewer physical bank branches,

reducing real estate expenses.

Healthcare will go paperless, benefiting CVS Health (CVS) and UnitedHealth Group (UNH); farming will

be increasingly automated—think

Deere (DE); and the ordering and

delivery aspects of the restaurant

business will be more digital, benefiting Chipotle Mexican Grill (CMG)

and Wingstop (WING). Further out,

the space economy, autonomous vehicles, and advancements in genetics

have the potential to be transformative

investments, although many companies tied to these areas remain private

today.

There are also several clear megatrends that will unfold or accelerate

over the next decade. Strategists are

bullish on opportunities to invest in

the transition to green energy, using

vehicles such as the iShares Global

Clean Energy exchange-traded fund

(ICLN), which includes shares of utilities and energy companies that use

solar, wind, or other renewables.

But don’t count out fossil fuels just

yet, experts say. “There’s a scarcity

element,” says Spenser Lerner, head

of the multi-asset solutions team at

Harbor Capital Advisors. “In the last

cycle, we had excess energy commodities, primarily as a result of fracking

and shale production in the U.S. Going forward, energy executives teams

are focused on capital returns as opposed to growing production volumes.

It’s a massive shift in mind-set.”

Geopolitical tensions, notably Russia’s war in Ukraine, will continue to

serve as potential drivers of higher oil

and gas prices. The Energy Select

Sector SPDR ETF (XLE) includes

energy stocks in the S&P 500, while

the iShares U.S. Oil & Gas Exploration & Production ETF (IEO) provides more-targeted exposure to

upstream oil-and-gas companies.

A barbell strategy of both clean and

dirty energy may be the way to go for

the next decade.

Venture overseas. Another megatrend for the next decade is “deglobalization.” The rethinking of vulnerable,

globe-spanning supply chains is

already under way, while industries

such as semiconductors deemed to be

of national importance are receiving

government support to bring production back home.

“Globalization was a tailwind to

multinationals and to lower inflation

across the globe for the past 30 years,”

says Jim Besaw, chief investment officer at GenTrust. “We’re not in that

world anymore. We’re moving toward

regionalization of supply chains into

blocs.”

That’s a long-term opportunity for

countries like Mexico, Vietnam, and

the Philippines, which could see more

economic activity, higher wages, and

greater consumer purchasing power

as a result. But there’s a case to be

made for non-U.S. markets to outperform in general once the Fed is past its

current interest-rate-hiking cycle.

Stock valuations are cheaper in

most non-U.S. regions, and the dollar

can’t appreciate forever. Emerging

markets other than China could be

a good bet, because they enjoy morefavorable demographic trends than

the developed world and often are

commodity exporters. The iShares

MSCI Emerging Markets ex China

ETF (EMXC) is an option.

There is always the potential that

Ukraine, Taiwan, or other geopolitical

flashpoints will turn into something

much more dangerous for the world.

But if that happens, we’ll all have bigger problems than our portfolios.

Amid those risks, bonds are back

in vogue. With yields on low-risk

short-term Treasuries approaching or

exceeding 4%, having a chunk of your

portfolio in the safety of U.S. government bonds makes sense. B

“The formula that

worked over the past

decade was passive,

U.S., growth, megacap.

That formula will fail

over the next decade.”

—LISA SHALETT, Morgan Stanley Wealth Management

P:56

S4 BARRON’S October 3, 2022

Thinking

Ahead:

5 Stocks

ToOwn for

10 Years

Savvy investors know to take advantage ofmarket turmoil to scoop up

solid names at discounted prices. Here’s a handful to consider.

For most of 2022, the market has been a grim place, with stocks

swept up in the Federal Reserve’s war on stubbornly high

inflation. But while the long-term outlook for markets might

seem gloomy, individual stocks can shine. Wise investors give

their holdings years, not months, to pay off. With that in mind, Barron’s

asked five investing professionals to look far ahead—a full decade—and

recommend a single stock that they think investors should buy and hold

for the duration.

BY STEVE GARMHAUSEN

THE BIG QUESTION

Nancy Tengler

CEO and Chief Investment Officer

Laffer Tengler Investments

10-year pick: Amazon.com (AMZN)

Even though it seems like an

obvious name, it’s one we think

is attractively valued. We are

GARP (growth at a reasonable price)

managers, and buy stocks based on

relative valuation. With companies

that don’t pay a dividend, we look at

the relative price-to-sales ratio: What

am I paying for a unit of sales today

compared with what I paid historically or what I would pay if I just

bought the index? Amazon is cheap

compared with its history, and well

into our buy range.

While the stock has underperformed recently, the company has a

lot of levers to pull in all of its businesses. The first is pricing power.

Amazon raised the price of its Prime

service by 17% and received nary a

pushback. That’s about $2 billion that

goes basically straight to the margin.

Then you have Amazon Web Services [which provides on-demand

cloud-computing platforms]. I think

people feared its growth would slow.

But CIOs are still increasing their software budgets, and the majority of that

spend is going into cloud and enterprise. The cloud narrative is still in

its early innings and has a strong tailwind. One reason is that it’s a solution

for companies that want to improve

productivity in the face of worker

shortages and rising wages. So, we

expect to see AWS continue to do

heavy lifting for the company.

Also, advertising for the company

has really hung in there. Yes, advertising is economically sensitive, but the

advertising for e-commerce on their

site is pretty high-margin.

Lastly, CEO Andy Jassy has done a

great job of taking costs out. Amazon

was overheadcounted and had too

much warehousing capacity. He has

basically taken all of that out.

Photographs from left: Courtesy of Laffer Tengler Investments; David Beyda Studio; courtesy of Treasury Partners; Trevon Baker; Andrea Chalon.

P:57

October 3, 2022 BARRON’S S5

“Historically,

the best

returns have

come from

stocks in

market

segments

that have

largely been

forgotten by

the average

investor.”

—ZACH JONSON,

Stack Financial

Management

Patrick Fruzzetti

Managing Director

Rose Advisors (Hightower)

10-year pick: Canadian Pacific Railway (CP)

I

like railroads because they’re a

scarce asset—there’s only so much

railway in North America. Canadian

Pacific is a Class 1 railroad, and consolidation has diminished the number of

Class 1 rails over the years. Canadian

Pacific, which is in the U.S. and Canada, recently merged with Kansas City

Southern, which is in the U.S. and

Mexico. So, this is the only rail line that

goes from Mexico through the U.S. all

the way up to Canada.

I believe we’re in an era of deglobalization. And when you think about the

beneficiaries of this shift, you look to

places like Mexico. It’s an area where

you can produce relatively cheaply for

North America in several sectors.

Grain, energy products, agriculture,

hardgoods, automotive—it can all be

shipped via rail. So this is an onshoring play. And in an inflationary environment, Canadian Pacific has a lot of

pricing power, because there are only

so many rails, and their costs are fixed.

Whatever inflation they’re facing,

they’re pricing above it, and that’s

good for margins.

Operating ratios are an important

metric for the railroad industry—the

lower the better. Canadian Pacific’s

operating ratio was in the high 50%

range last year. By the second half, it

will be in the mid-50% range. If it can

continue to get that operating ratio

down—and it will—that will be very

beneficial to the valuation of the company over time. I like to buy companies that I think are trading at a

significant discount to their future

intrinsic value. And I think Canadian

Pacific definitely is there.

Richard Saperstein

Founder, Chief Investment Officer

Treasury Partners

10-year pick: Microsoft (MSFT)

When you look at Microsoft

from 30,000 feet, you see

multiple drivers of revenue

that all have secular growth characteristics, whether it’s software in Windows, the cloud in Azure, games

through Xbox and Minecraft, and,

of course, LinkedIn.

Unlike other large tech companies,

Microsoft has very low levels of economic, regulatory, and geopolitical

risk. It has superstrong financials.

It’s one of only two companies rated

triple-A by credit-rating agencies.

Cash exceeds debt. In the trailing 12

months, it returned roughly $50 billion of capital to shareholders. We

anticipate that will continue.

I think Microsoft has one of the

most resilient earnings stories in technology. What are there, 350 million

users now of Microsoft Office? It has

a superstrong presence across all

parts of the cloud. This theme of cloud

migration is going to be very secular.

Microsoft has a large moat around its

business. If you poll CIOs, they view

Microsoft as their most indispensable

IT vendor.

The price is about 23 times forward

earnings, so it isn’t cheap. But the

company has tremendous growth

drivers—its free cash flow was up 18%

in 2020, up 24% in 2021, and up 16%

for the fiscal year that ended in June.

This isn’t like a lot of companies that

benefited only from work-from-home

during Covid. This is a secular growing company with large elements of

free-cash-flow growth that I expect to

continue. I’m willing to pay up for a

name like this.

Zach Jonson

Chief Investment Officer

Stack Financial Management

10-year pick: Chevron (CVX)

When you’re looking 10 years

down the road, you need an

excellent management team

that’s able to consistently show discipline and the ability to navigate different types of environments. Going back

to the huge downturn in oil prices in

2014, 2015, Chevron was one of the

first energy companies to say, “We’re

going to focus not on getting as much

oil out of the ground as we can, but on

becoming very shareholder friendly.”

It became focused on the dividend,

reducing costs, and navigating the

lower-for-longer oil-price environment from 2015 until 2021.

You also need a company that is an

integral part of a larger growth cycle.

The spike in European energy prices

highlights the danger of trying to transition away from fossil-fuel sources

prior to having a viable substitute.

But we also believe the transition to

renewable-energy sources will not

exclude companies like Chevron;

instead, it will be an integral part of

ensuring the process is successful.

Chevron recently completed the

acquisition of a group that produces

a complete line of renewable fuel

sources, and it is expected to spend

about $10 billion in low-carbon investments through 2028.

A stock you pick for a 10-year cycle

also has to be unloved and underowned. Historically, the best returns

have come from stocks in market segments that have largely been forgotten

by the average investor. The energy

sector as a whole now makes up about

4.7% of the S&P 500 index; in 2008,

it was 16%. The energy sector will

experience substantial changes, and

companies like Chevron will go

through a reinvention of themselves,

but we view this as an opportunity for

growth, not a reason to avoid them.

Jenny Van Leeuwen Harrington

CEO and Portfolio Manager

Gilman Hill Asset Management

10-year pick: Lamar Advertising (LAMR)

Lamar is the largest owner of

billboards in the country. Just

3% of the portfolio is digital,

but those billboards make up 27% of

revenue. And the price of digital billboards is about a third of what it was

in 2005, when Lamar started doing

them in a meaningful way. So, it has

this part of its business that is a serious grower.

When the internet started to explode, everyone felt that all the old

forms of advertising would die off.

But billboard advertising has actually

held on and become a very stable

part of advertisers’ total portfolios.

This is probably the only form of

advertising where you have a captive,

diverse audience. And driving miles,

even though they plunged for a short

time in 2020, continue to increase.

One of the reasons I’m comfortable

holding this for 10 years is that you

can now look at two terrible periods of

stress tests. During the great financial

crisis, revenue dropped by 13% and

Ebitda [earnings before interest, taxes,

depreciation, and amortization]

dropped by 19%, and the recovery

time was four years. In 2020, revenue

dropped by only 10.5%, and Ebitda by

14%. The recovery time was one year.

If I’m recommending a stock for 10

years, I want to know that it can make

it through whatever nastiness comes

our way. And when I look at Lamar’s

history, I think, “This is a company

where bankruptcy has never been

in the cards.”

Over the past 10 years, revenue

CAGR [compound annual growth

rate] has been about 4.7%. And

Ebitda CAGR has been 5.2%. I think

mid-single digit growth is reasonable

to expect over the next 10 years. And

Lamar is currently paying a 5.2%

dividend. B

P:58

S6 BARRON’S October 3, 2022

Bond Ladders

AreMaking

A Comeback

Pairing payout dateswith future spending needs has rarely been this easy

While stock prices

typically rise and

fall from year to

year, bond prices

have historically

been quite stable.

Yet 2022 is shaping up to be a year of

infamy for fixed income. Since bond

prices move inversely to interest rates,

which have been rising rapidly, bond

prices have tanked. The iShares Core

U.S. Aggregate Bond exchangetraded fund (ticker: AGG), which

tracks an index of U.S. bonds, is down

14% year to date.

However, the surge in interest rates

has a silver lining: Investors have a

chance to secure much higher yields.

Trouble is, any further increase in

interest rates, which the Federal

Reserve is telegraphing, could lead to

another tumble in the market value of

bonds, offsetting any yield you lock in.

Fortunately, there is a good way

to take advantage of juicier payouts

while sidestepping interest-rate risk:

Build a bond ladder. Just like it

sounds, a bond ladder is a series of

fixed-income securities with staggered

maturities. For example, investors

who want to take advantage of surprisingly high short-term yields could

set up a ladder using Treasuries maturing in one to five years. When the

first bill matures, just roll the principal into a new five-year note. (This can

be done through TreasuryDirect.gov.)

Such a portfolio right now would

have an average annual yield just over

4%, much more enticing than the average money-market fund. Plus, the

charm of staggering Treasuries is that

the return of principal is guaranteed,

and you can reinvest at higher yields

if rates continue to rise, as expected.

The same cool trick can be done

with other kinds of bonds maturing in

consecutive years—and it’s even easier

with target-date bond exchangetraded funds. These can be set up to

provide cash for a needed goal a few

years out. For example, have a child

headed to college? Set up a ladder that

staggers maturity dates to line up with

four years’ worth of tuition payments.

To be clear, manually building

a bond ladder can be a challenge for

some investors, as it requires leg work

to identify specific bonds that sync up

with ideal maturity dates. It can get

even trickier if you want to build a

ladder of corporate bonds, high-yield

bonds, or municipal bonds, all of

which add a measure of credit risk

to the equation.

To simplify matters, more investors

are turning to bond ladder ETFs. “In

this volatile market environment, investors appreciate the visibility of a

fixed maturity date for an investment,”

says Jason Bloom, head of fixed-income

strategy at Invesco. Net inflows for his

firm’s investment-grade bond ladder

ETFs have already surpassed the previous peak of inflows, set in 2017, by

about 40%. BlackRock’s iShares family

of bond ladder ETFs has seen roughly

$2 billion in net inflows this year, far

surpassing the $958 million in inflows

posted in 2021.

Invesco’s Bloom says that more

investors are also using bond ladders

within their retirement accounts to

line up with projected required minimum distributions, or RMDs, that will

begin at age 72. Buying four or five

distinct bond ladder ETFs to match

successive years’ RMDs removes the

question of what will need to be sold

from retirement accounts each year to

satisfy an RMD. “The mid-December

maturity date for funds lines up very

well with RMD timing,” adds Bloom.

Bond ladders do have their drawbacks. A laddered strategy doesn’t

make as much sense for long-term goals

right now, since long rates are lower

than short-term rates these days—a

rare event in the bond market known

as an “inverted yield curve.” Such inversions usually only last for a short

time. For goals 10 to 15 years out, it may

make sense to use a short-term ladder

now, and by the time those bonds mature, reinvest the proceeds in longerterm bond ladder funds.

There are a lot of options. At last

count, investors can now select from

among 77 different bond ladder ETFs,

a figure that is bound to grow as more

investors discover the merits of these

smartly constructed investment

vehicles. B

BY DAVID STERMAN

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:59

October 3, 2022 BARRON’S S7

Do you have a

head start toward

what’s next?

Backed by industry-leading technology and global insights,

your Bank of America Private Bank team is invested in the

future that matters most: yours.

What would you like the power to do?®

PRIVATE BANK bankofamerica.com/privatebank

Bank of America Private Bank is a division of Bank of America, N.A., Member FDIC and a wholly owned subsidiary of Bank of America Corporation. © 2022 Bank of America Corporation. All rights reserved. 4692750

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:60

S8 BARRON’S October 3, 2022

How to Diversify

Your Portfolio

WithAlts

Investors need to figure out the strategy tomeet their goals, the

kind of alts they are qualified to buy, andwhich funds are best

With public markets down in

2022, investors’

interest in alternative investments, or alts,

such as hedge funds and private

equity, has spiked.

Alts can perform in a fashion uncorrelated to stocks and bonds, offering diversification and the potential

to inject positive performance into a

plain-vanilla portfolio during times of

market strain. Simple 60%-stock/

40%-bond portfolios have suffered

a brutal pummeling in 2022, as

evidenced by the 20% year-to-date

decline of the Vanguard Balanced

Index fund (ticker: VBIAX), which

tracks a 60/40 composite index of the

stock and bond markets.

Yet investing in alternatives requires far more research than simply

examining a stock fund’s fees and returns. For one, investors have to decide whether to invest in “liquid alts,”

which operate like a traditional mutual or exchange-traded fund, provide

daily redemptions, and are more accessible to broad swaths of the investing public. Or, do they invest in private or semiliquid public vehicles that

may allow only quarterly—or even

less-frequent—redemptions and often

require investors to be “accredited.”

An accredited investor must have an

annual income of at least $200,000

or a net worth of at least $1 million.

Those considering liquid alts should

know they have a spotty reputation.

Over the past 10 years through June

BY LEWIS BRAHAM 30, the average liquid alt mutual fund

P:61

October 3, 2022 BARRON’S S9

in the Wilshire Liquid Alternative

Index has delivered only a 1.7% annualized return versus the Vanguard

Balanced Index’s 8.2%. The returns

“per annum that these [liquid alt]

funds have earned are probably less

than the fees on average that were

paid to their managers,” says Andrew

Beer, founder and portfolio manager

at Dynamic Beta Investments. He believes that most, albeit not all, liquid

alts “have no diversification benefits.”

Beer should know. He worked as a

portfolio manager at legendary hedge

fund firm Baupost Group in the 1990s,

started three hedge funds himself, and

now co-manages two liquid alt ETFs at

Dynamic Beta: the iMGP DBi Managed Futures Strategy (DBMF) and

iMGP DBi Hedge Strategy (DBEH).

Rather than building a new alts strategy, Beer tries to replicate benchmarks

of top-performing managed-futures

funds and hedge funds in his ETFs for

less. The ETFs’ 0.95% and 0.85% expense ratios are less than half what

typical private hedge funds charge—2%

of assets plus 20% of profits annually.

Both ETFs have trounced their liquid

alts peers, and the managed-futures

one especially has provided strong

diversification. It’s up 33% in 2022.

Beer would be the first to say that

there are certain private hedge fund

managers—such as Millennium Management, Citadel, and D.E. Shaw—that

no liquid alt can match, in part because

of their structure. Private funds can

invest in illiquid securities that public

funds can’t. They can also employ significant amounts of leverage to amplify

their returns, concentrate their portfolios in just a few companies, and

aggressively pursue activist campaigns

at companies they’re invested in to

improve returns. Liquid alts, typically

registered with the Securities and Exchange Commission, are limited in

what they can do with such strategies.

Alt caveats. Aside from higher

fees, the major problem with private

alts is access—both getting in and getting out. For instance, Millennium

Management has a minimum holding

period of five years. There can also be

a wide variance in returns between

the best and worst private alts. This is

especially true in the case of privateequity funds. According to J.P. Morgan Asset Management, annualized

returns for private-equity funds

ranged from 6.5% to 26.4% in 2005

through 2019. For long/short hedge

funds, the five-year annualized returns ranged from 5.2% to 15.5%

through June 30, 2021.

Yet private equity and debt seem

particularly attractive to high-networth investors right now. Tiger 21, an

investing networking group, surveys

its 1,200 wealthy entrepreneur members about their allocations. In this

year’s second quarter, they had an

average of 27% of their portfolios in

private equity, equal to their publicequity weighting and a significant

increase over their lowest 8% historical weighting during the 2008 crash.

“There’s not another cohort of wealth,

with perhaps the exception of some of

the large family offices, that has such

a high concentration,” says Michael

Sonnenfeldt, Tiger 21’s founder.

Assuming you can access a good alt

strategy, how do you figure out which

ones are right for you? J.P. Morgan has

created a useful framework for making that decision. The first question:

Are you primarily seeking diversification, income, or investment gains?

To achieve these objectives, J.P. Morgan has identified nine alt categories:

core private credit, core real assets,

low-vol core equity, subordinated

credit, hedge funds, noncore real assets, distressed credit, special situations, and private equity. Core real

assets, for instance, are physical assets

like real estate or infrastructure that

can help achieve income goals (by, say,

generating cash from rental income)

and/or diversification goals, as they can

be an inflation hedge. These could be

public or private real estate investment

trusts, or REITs, or infrastructure

funds such as Vanguard Real Estate

(VNQ) and Lazard Global Listed

Infrastructure Portfolio (GLIFX).

Alt choices. Depending on your

wealth, age, investment time horizon,

and risk profile, you might emphasize

one of the alt categories in your portfolio. Very generally, the wealthiest

investors with the longest time horizons and highest risk tolerance might

emphasize “appreciation driven” alts—

private equity and distressed debt (for

example, the debt of bankrupt companies undergoing restructuring). Meanwhile, the mass affluent, defined by

J.P. Morgan as having $500,000 to

$1.5 million in assets, might want

more-liquid alt diversification in

their equity portfolios.

Special-situation funds such

as NexPoint Merger Arbitrage

(HMEZX), which invests in companies

being acquired, and low-volatility core

equity funds like JPMorgan Equity

Premium Income (JEPI), which

writes options on stocks to generate

income and reduce risk, could be useful diversifiers. And retirees might

prize the high income potential of

other alts, like private debt.

BlackRock employs an approach

similar to J.P. Morgan’s for clients’ alts

allocations. Scott Reeder, head of alternative investments at BlackRock’s U.S.

Wealth Advisory, sees two goals for alt

clients: “One is how to diversify the

returns in their portfolios. The other

component is around helping clients

amplify returns in their portfolio.”

The latter can be done with private

investments—equity, debt, and real

estate—that can produce better returns than their public counterparts.

Founder Avy Stein of Cresset Capital, which manages $27 billion for highnet-worth investors, calls private credit

a “fabulous asset class” right now: “Private credit provides high-single digit to

low-teens kind of returns if done correctly, with largely senior debt risk.”

Individuals can tap into this asset

class through business development

companies, or BDCs—public-market

vehicles that can access privatemarket debt. Many currently yield

more than 9%, similar to privatecredit alt funds. But unlike the moreglacial price moves of the loans BDCs

issue to private borrowers, the publicly traded shares of BDCs like MidCap Financial Investment (MFIC),

Golub Capital BDC (GBDC), and

Ares Capital (ARCC) can be extraordinarily volatile. That said, the loans

inside their portfolios could be just

fine, leading to BDCs trading at a premium or discount to their underlying

loan portfolios’ net asset values. You

want to buy at a discount, if possible.

“Within our membership, there’s

a lot of interest in BDCs,” Tiger 21’s

Sonnenfeldt says, because of the opportunities to buy those that are run

by top private lenders at discounts

to net asset value, or NAV.

Alt critics. Not everyone thinks

private alts are a panacea. Financial

advisors Isaiah Douglass of Vincere

Wealth Management and Stephen

Craffen of Atlas Fiduciary Financial

employ private alts for clients but are

wary of the industry’s claims of stability during downturns like the current

one. Both say that prices of private alts

often don’t reflect economic realities

when public markets are down because

the private alts’ assets can be illiquid.

“Private equity gets to mark [the

prices of] their investments every quarter,” Douglass says, instead of every

day for mutual funds that hold publicly

traded securities. “But at the end of the

day, these are just businesses that are

in the marketplace doing very similar

things as publicly traded companies.”

Craffen, for his part, owns an unusual

private-equity alt that provides morefrequent monthly assessments of

valuation. Both advisors scrutinize

every alt to see whether managers are

trustworthy—as should you. B

Which Alt Is Right for You?

If You Need... Risk Profile Alt Type Publicly Traded Example: Investment / Ticker 3-Year Return

Income Moderate Infrastructure Lazard Global Listed Infrastructure Portfolio / GLIFX 3.1%

Low Options Writing JPMorgan Equity Premium Income / JEPI N/A

Moderate Private Credit Golub Capital BDC / GBDC -5.1%

Moderate Real Estate Vanguard Real Estate / VNQ -1.4

Diversification/Downside Protection Moderate Commodities Vanguard Commodity Strategy / VCMDX 17.2

Moderate Long-Short Equity Invesco S&P 500 Downside Hedged / PHDG 8.7

Moderate Macro Trading iMGP DBi Managed Futures Strategy / DBMF 14.7

Low Merger Arbitrage NexPoint Merger Arbitrage / HMEZX 5.6

Return Enhancement High Distressed Debt N/A* N/A*

High Private Equity N/A* N/A*

*High quality, fully liquid funds for investing in private equity and distressed debt are not available. Three-year returns are through Sept. 26 and are annualized. N/A=not applicable

Sources: Morningstar; Bloomberg

“Private credit

provides

high-single

digit to lowteens kind

of returns

if done

correctly, with

largely senior

debt risk.”

—AVY STEIN,

Cresset Capital

P:62

S10 BARRON’S October 3, 2022

©2022 Dow Jones & Company, Inc. All rights reserved. 4E270

Barrons.com/advisorfinder

Helping you find the

right financial advisor.

TAP INTO

years of experience

ANSWER

simple questions

simple goal

ACHIEVE

Find your advisor

for free at

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:63

MAGENTA BLACK CYN YELLOW Composite

Composite

C

M

Y

K

S10 BARRON’S October 3, 2022

©2022 Dow Jones & Company, Inc. All rights reserved. 4E270

Barrons.com/advisorfinder

Helping you find the

right financial advisor.

T A P I N T O

years of experience

A N S W E R

simple questions

simple goal

A C H I E V E

Find your advisor

for free at

October 3, 2022 BARRON’S S11

SPECIAL ADVERTISING SECTION

This section is a reprint of select advisors from our

annual financial advisor rankings. For more

information, visit barrons.com/guide.

About this section

This guide provides readers with expanded details on Barron’s-ranked advisors. Barron’s publishes four individual

advisor rankings each year along with three team- or firm-based rankings. All advisors appearing here are eligible

because they have appeared in a Barron’s wealth-management ranking in the past twelve months. Advisors pay a fee to

be listed in this special section, but their participation has no bearing on future rankings.

How are advisors ranked?

Advisors who wish to be ranked fill out a comprehensive application about their practice. We verify that data with the

advisors’ firms and with regulatory databases and then we apply our rankings formula to the data to generate a ranking.

The formula features three major categories of calculations: assets, revenue and quality of practice. In each of those

categories we do multiple subcalculations. We have spent more than 15 years perfecting the balance of these factors to

create a consistent and clear benchmark that accounts for the wide range of practice models in the wealth management

industry. This benchmark minimizes bias and human error in our process.

How do I find an advisor?

Barron’s rankings are meant as a starting point for clients looking for an advisor—a first-pass vetting that can help

investors narrow a search. Every advisor will have his or her own approach to investing, financial planning and other

services. Clients are encouraged to approach the search for an advisor the way they would a search for a doctor—

interviewing multiple professionals and getting opinions from multiple third parties.

TOP ADVISOR

GUIDE

ARIZONA

Robert Bancroft

Morgan Stanley Private Wealth

Management

Scottsdale

robert.bancroft@

morganstanleypwm.com

(480) 624-5714

advisor.morganstanley.com/

bbsg

$1,842m Total Assets

$28m Typical Account Size

Michael Butt

Morgan Stanley Wealth

Management

Scottsdale

[email protected]

(480) 368-6565

morganstanleyfa.com/

michaelwbutt

$2,431m Total Assets

$3m Typical Account Size

Brian Crawford

Wells Fargo Advisors

Tucson

[email protected]

(520) 615-8463

home.wellsfargoadvisors.com/

brian.crawford

$1,400m Total Assets

$2m Typical Account Size

Joe Di Vito

RBC Wealth Management

Phoenix

[email protected]

(602) 381-5340

thedivitoconsultinggroup.com

$564m Total Assets

$3m Typical Account Size

Eddie Dulin

Mariner Wealth Advisors

Scottsdale

eddie.dulin@

marinerwealthadvisors.com

(480) 569-6620

marinerwealthadvisors.com

$833m Total Assets

$2m Typical Account Size

James Marten

Merrill Lynch Wealth

Management

Phoenix

[email protected]

(602) 954-5016

fa.ml.com/martengroup

$2,834m Total Assets

$4m Typical Account Size

David Stahle

Merrill Lynch Wealth

Management

Gilbert

[email protected]

(480) 752-6435

fa.ml.com/sbgroupaz

$2,418m Total Assets

$5m Typical Account Size

Ruth Transue

Wells Fargo Advisors

Tucson

[email protected]

(520) 529-5932

fa.wellsfargoadvisors.com/

ruth-transue

$670m Total Assets

$2m Typical Account Size

Trevor Wilde

Wilde Wealth Management

Group

Scottsdale

[email protected]

(480) 361-6203

wildewealth.com

$2,210m Total Assets

$750k Typical Account Size

CALIFORNIA

Matthew Babrick

First Republic Investment

Management

Los Angeles

[email protected]

(310) 788-3739

firstrepublic.com/all-profiles/

matthew-babrick

$5,460m Total Assets

$50m Typical Account Size

Emily Bach

Morgan Stanley Wealth

Management

Orinda

[email protected]

(925) 253-5322

fa.morganstanley.com/

thebachgroup

$1,350m Total Assets

$3m Typical Account Size

Jim Berliner

Westmount Asset Management

Los Angeles

[email protected]

(310) 556-2502

westmount.com

$4,505m Total Assets

$4m Typical Account Size

Steven Check

Check Capital Management

Costa Mesa

[email protected]

(714) 641-3579

checkcapital.com

$1,543m Total Assets

$1m Typical Account Size

Lisa Detanna

Raymond James

Beverly Hills

[email protected]

(310) 285-4506

raymondjames.com/

globalwealthsolutionsgroup

$6,035m Total Assets

$17m Typical Account Size

Tracey Gluck

J.P. Morgan Wealth Management

Los Angeles

[email protected]

(310) 201-2610

wealthpartners.jpmorgan.com/

los-angeles/the-gluck-group

$2,000m Total Assets

$10m Typical Account Size

Seth Haye

Morgan Stanley Wealth

Management

Westlake Village

[email protected]

(805) 494-0215

advisor.morganstanley.com/

the-oaks-group

$1,575m Total Assets

$3m Typical Account Size

Richard Jones

Merrill Private Wealth

Management

Los Angeles

[email protected]

(310) 407-4925

pwa.ml.com/joneszafarigroup

$24,808m Total Assets

$50m Typical Account Size

Elaine Meyers

J.P. Morgan Wealth Management

San Francisco

[email protected]

(415) 315-7801

wealthpartners.jpmorgan.com/

san-francisco/the-meyers-group

$5,500m Total Assets

$45m Typical Account Size

Greg Onken

J.P. Morgan Wealth Management

San Francisco

[email protected]

(415) 772-3123

wealthpartners.jpmorgan.com/

san-francisco/the-os-group

$9,773m Total Assets

$20m Typical Account Size

George Papadoyannis

Ameriprise Financial

San Mateo

george.x.papadoyannis@

ampf.com

(650) 593-9170

papadoyannisandassociates.com

$12,400m Total Assets

$3m Typical Account Size

Laila Pence

Pence Wealth Management

Newport Beach

[email protected]

(949) 660-8777

pencewealthmanagement.com

$3,575m Total Assets

$3m Typical Account Size

Spuds Powell

Kayne Anderson Rudnick

Los Angeles

[email protected]

(310) 282-7945

kayne.com

$61,972m Total Assets

$10m Typical Account Size

Frank Reilly

Reilly Financial Advisors

La Mesa

[email protected]

(800) 682-3237

rfadvisors.com

$2,647m Total Assets

$3m Typical Account Size

Carolyn Taylor

Weatherly Asset Management

Del Mar

[email protected]

(858) 259-4507

weatherlyassetmgt.com

$1,150m Total Assets

$3m Typical Account Size

P2BW276000-0-S01000-1--------XA CL,CN,CX,DL,DM,DX,EE,EU,FL,HO,KC,MW,NC,NE,NY,PH,PN,RM,SA,SC,SL,SW,TU,WB,WE

BG,BM,BP,CC,CH,CK,CP,CT,DN,DR,FW,HL,HO,LA,LD,LG,LK,MI,ML,PI,PV,RO,TD,WO

P2BW276000-0-S01000-1--------XA

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:64

S12 BARRON’S October 3, 2022

SPECIAL ADVERTISING SECTION

CALIFORNIA (CONT.)

Alan Whitman

Morgan Stanley Wealth

Management

Pasadena

alan.whitman@

morganstanley.com

(626) 405-9313

fa.morganstanley.com/wz

$3,531m Total Assets

$5m Typical Account Size

Benjamin Wong

Viewpoint Financial Network

Pleasanton

ben.wong@

marinerwealthadvisors.com

(925) 420-7623

marinerwealthadvisors.com

$1,425m Total Assets

$710k Typical Account Size

Cheryl L. Young

Morgan Stanley Wealth

Management

Los Gatos

[email protected]

(408) 358-0976

fa.morganstanley.com/

youngandassociates

$3,603m Total Assets

$10m Typical Account Size

Reza Zafari

Merrill Private Wealth

Management

Los Angeles

[email protected]

(310) 407-4923

pwa.ml.com/joneszafarigroup

$23,872m Total Assets

$50m Typical Account Size

COLORADO

Mark Brown

Brown & Company

Denver

[email protected]

(303) 863-7112

brownandco.com

$695m Total Assets

$7m Typical Account Size

Melissa Corrado-Harrison

UBS Private Wealth

Management

Denver

[email protected]

(303) 820-5770

financialservicesinc.ubs.com/

team/corrado-harrison

$1,559m Total Assets

$35m Typical Account Size

Ali Flynn Phillips

Obermeyer Wood Investment

Counsel

Aspen

[email protected]

(970) 925-8747

obermeyerwood.com

$2,450m Total Assets

$5m Typical Account Size

Shawn Fowler

Morgan Stanley Private Wealth

Management

Denver

shawn.fowler@morganstanley.

com

(303) 446-3306

pwm.morganstanley.com/

fowlerbull

$8,561m Total Assets

$42m Typical Account Size

Joseph Janiczek

Janiczek Wealth Management

Denver

[email protected]

(303) 721-7000

janiczek.com

$935m Total Assets

$4m Typical Account Size

Wally Obermeyer

Obermeyer Wood Investment

Counsel

Aspen

[email protected]

(970) 925-8747

obermeyerwood.com

$2,450m Total Assets

$7m Typical Account Size

Scott Sparks

Sparks Financial

Denver

[email protected]

(303) 512-2168

sparks-financial.com

$1,078m Total Assets

$3m Typical Account Size

Scott Thisted

Merrill Private Wealth

Management

Denver

[email protected]

(720) 941-2034

pwa.ml.com/thehtteam

$5,200m Total Assets

$15m Typical Account Size

CONNECTICUT

Peter Chieco

Morgan Stanley Wealth

Management

Greenwich

[email protected]

(203) 625-4897

morganstanleyfa.com/

thesoundshoregroup

$2,578m Total Assets

$7m Typical Account Size

Brian Hetherington

Merrill Private Wealth

Management

New Canaan

[email protected]

(203) 972-2523

pwa.ml.com/hetheringtongroup

$4,240m Total Assets

$30m Typical Account Size

Vincent Mancuso

Morgan Stanley Wealth

Management

Greenwich

vincent.j.mancuso.jr@

morganstanley.com

(203) 625-4889

advisor.morganstanley.com/

the-sound-shore-wealthmanagement-group

$2,556m Total Assets

$7m Typical Account Size

Charles J. Noble III

Janney Montgomery Scott

New Haven

[email protected]

(203) 784-7401

advisor.janney.com/

noblewealthadvisors

$1,441m Total Assets

$6m Typical Account Size

Matthew Somberg

Gottfried & Somberg Wealth

Management

Glastonbury

[email protected]

(860) 430-9104

gottfriedsomberg.com

$1,700m Total Assets

$3m Typical Account Size

Harold Trischman

Morgan Stanley Wealth

Management

Greenwich

harold.j.trischman@

morganstanley.com

(203) 625-4824

fa.morganstanley.com/

trischmangroup

$2,907m Total Assets

$5m Typical Account Size

WASHINGTON, DC

Michael Freiman

Morgan Stanley Wealth

Management

Washington

michael.j.freiman@

morganstanley.com

(202) 778-1382

teamfreiman.com

$2,128m Total Assets

$2m Typical Account Size

Marvin McIntyre

Morgan Stanley Private Wealth

Management

Washington

marvin.mcintyre@

morganstanleypwm.com

(202) 778-1381

advisor.morganstanley.com/cwmg

$5,518m Total Assets

$8m Typical Account Size

John McKnight

Merrill Lynch Wealth

Management

Washington

[email protected]

(202) 429-4677

fa.ml.com/district-of-columbia/

washington/mkb

$2,909m Total Assets

$5m Typical Account Size

Rick Schultz

J.P. Morgan Wealth Management

Washington

[email protected]

(202) 916-3143

wealthpartners.jpmorgan.com/

washington/the-washingtoniangroup

$2,400m Total Assets

$15m Typical Account Size

DELAWARE

Kimberlee Orth

Ameriprise Financial

Wilmington

[email protected]

(302) 475-5105

kimberleeorth.com

$2,179m Total Assets

$7m Typical Account Size

Peni Warren

Merrill Lynch Wealth

Management

Dover

[email protected]

(302) 736-7710

fa.ml.com/townsendwarren

$822m Total Assets

$2m Typical Account Size

FLORIDA

Roy Apple

J.P. Morgan Wealth Management

Palm Beach Gardens

[email protected]

(561) 694-5675

wealthpartners.jpmorgan.com/

palm-beach-gardens/the-rizzoapple-schneider-and-langbertgroup

$3,013m Total Assets

$9m Typical Account Size

Louise Armour

J.P. Morgan Wealth Management

Palm Beach Gardens

[email protected]

(212) 272-6604

wealthpartners.jpmorgan.com/

palm-beach-gardens/thearmour-group

$1,190m Total Assets

$8m Typical Account Size

Peter Bermont

Raymond James

Coral Gables

peter.bermont@

raymondjames.com

(305) 446-6600

bermontgoldwealth.com

$3,160m Total Assets

$12m Typical Account Size

Jose Cabrera

Raymond James

Coral Gables

[email protected]

(305) 461-6670

raymondjames.com/

theamericasgroup

$6,394m Total Assets

$5m Typical Account Size

Adam Carlin

Morgan Stanley Private Wealth

Management

Coral Gables

adam.e.carlin@

morganstanleypwm.com

(305) 476-3302

fa.morganstanley.com/

adam.e.carlin

$4,426m Total Assets

$20m Typical Account Size

Louis Chiavacci

Merrill Private Wealth

Management

Coral Gables

[email protected]

(305) 774-0501

pwa.ml.com/chiavacciteam

$3,670m Total Assets

$35m Typical Account Size

Aimee Cogan

Morgan Stanley Wealth

Management

Sarasota

[email protected]

(941) 363-8513

advisor.morganstanley.com/

the-bellwether-group

$1,379m Total Assets

$10m Typical Account Size

Don d’Adesky

Raymond James

Boca Raton

[email protected]

(561) 981-3690

raymondjames.com/

theamericasgroup

$6,394m Total Assets

$5m Typical Account Size

Participation in this section is only open to advisors who have been listed in our editorial rankings. Advisors pay a fee to be included in this reprint. Participation in this section has no bearing on the outcome of our rankings.

Assets are tied to the most recent ranking. For more information, visit barrons.com/guide.

s009_p2bw276000_0_s00900_1________xa2022_02.pdf 1 01-Oct-22 03:31:09

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:65

October 3, 2022 BARRON’S S13

SPECIAL ADVERTISING SECTION

Janet Franco Gordon

Morgan Stanley Wealth

Management

Coral Gables

janet.franco.gordon@

morganstanley.com

(305) 476-3304

advisor.morganstanley.com/

janet.franco.gordon

$1,037m Total Assets

$9m Typical Account Size

Trevor Fried

Morgan Stanley Wealth

Management

Fort Lauderdale

[email protected]

(954) 713-8436

advisor.morganstanley.com/

the-las-olas-group

$1,175m Total Assets

$2m Typical Account Size

Eric Glasband

RBC Wealth Management

Boca Raton

[email protected]

(561) 322-4678

us.rbcwealthmanagement.com/

glasbandstempelwmg

$1,240m Total Assets

$5m Typical Account Size

Kevin Johnson

Morgan Stanley Private Wealth

Management

Naples

kevin.johnson@

morganstanleypwm.com

(239) 449-7877

advisor.morganstanley.com/

naples-pwm-group-familyoffice-services

$1,300m Total Assets

$35m Typical Account Size

Clarke Lemons

Eaton Vance WaterOak Advisors

Winter Park

[email protected]

(407) 567-2956

evwateroak.com

$2,930m Total Assets

$4m Typical Account Size

Trent Leyda

Morgan Stanley Wealth

Management

Vero Beach

[email protected]

(772) 234-1805

advisor.morganstanley.com/

the-leyda-group

$1,702m Total Assets

$8m Typical Account Size

Matthew Lytell

Riverwalk Wealth Advisors |

Northwestern Mutual

Tampa

[email protected]

(813) 426-1058

riverwalkwealthadvisors.nm.com

$1,225m Total Assets

$3m Typical Account Size

Michael McCain

Wells Fargo Advisors

Naples

michael.mccain@

wfadvisors.com

(239) 254-2206

jacobynealonmccainwmg.com

$2,854m Total Assets

$10m Typical Account Size

William Merriam

Merrill Lynch Wealth

Management

Jacksonville

[email protected]

(904) 218-5931

fa.ml.com/bill_merriam

$1,365m Total Assets

$2m Typical Account Size

Deborah Montaperto

Morgan Stanley Private Wealth

Management

Palm Beach

mercy.sierra.short@

morganstanleypwm.com

(212) 761-0867

advisor.morganstanley.com/thepolk-wealth-management-group

$37,729m Total Assets

$100m Typical Account Size

Thomas Moran

Moran Wealth Management

Naples

[email protected]

(239) 920-4440

moranwm.com

$4,631m Total Assets

$5m Typical Account Size

Adam Palmer

Graystone Consulting |

Morgan Stanley

Tampa

[email protected]

(813) 227-2033

graystone.morganstanley.com/

adam.h.palmer

$5,609m Total Assets

$5m Typical Account Size

Daryn Pingleton

Merrill Lynch Wealth

Management

West Palm Beach

[email protected]

(561) 514-4817

fa.ml.com/florida/west-palmbeach/pingleton_group

$1,321m Total Assets

$5m Typical Account Size

Andrew Schultz

Morgan Stanley Private Wealth

Management

Miami Beach

andrew.schultz@

morganstanley.com

(305) 695-6116

fa.morganstanley.com/

theschultzgroup

$954m Total Assets

$13m Typical Account Size

Kurt Sylvia

J.P. Morgan Wealth Management

Palm Beach Gardens

[email protected]

(561) 694-5652

wealthpartners.jpmorgan.com/

palm-beach-gardens/the-sylviawealth-management-group

$1,346m Total Assets

$15m Typical Account Size

Michael Silver

Baron Silver Stevens Financial

Advisors

Boca Raton

[email protected]

(561) 447-1997

bssfa.com

$902m Total Assets

$1m Typical Account Size

Mark Thorndyke

Merrill Lynch Wealth

Management

Naples

[email protected]

(312) 696-7645

fa.ml.com/

thorndykesheppardgroup

$2,111m Total Assets

$8m Typical Account Size

GEORGIA

Michael Hines

Consolidated Planning

Corporation | Raymond James

Atlanta

[email protected]

(404) 892-1995

cpcadvisors.com

$1,073m Total Assets

$3m Typical Account Size

IDAHO

Bruce A. Davidson

Wells Fargo Advisors

Boise

[email protected]

(208) 519-3363

fa.wellsfargoadvisors.com/

bruce-a-davidson

$943m Total Assets

$5m Typical Account Size

ILLINOIS

Raj Bhatia

Merrill Private Wealth

Management

Chicago

[email protected]

(312) 325-2676

pwa.ml.com/bhatiagroup

$2,718m Total Assets

$15m Typical Account Size

Brad DeHond

Morgan Stanley Private Wealth

Management

Chicago

brad.dehond@

morganstanleypwm.com

(312) 453-9111

advisor.morganstanley.com/

moriarity-dehond-mulka

$3,190m Total Assets

$53m Typical Account Size

Daniel Fries

Merrill Lynch Wealth

Management

Chicago

[email protected]

(312) 696-2121

fa.ml.com/illinois/chicago/

frieswealthmanagement

$1,615m Total Assets

$3m Typical Account Size

Tom Kilborn

Merrill Lynch Wealth

Management

Northbrook

[email protected]

(847) 564-7201

fa.ml.com/kilborngroup

$1,323m Total Assets

$1-50m Typical Account Size

Benjamin Klein

Merrill Lynch Wealth

Management

Northbrook

[email protected]

(847) 564-7139

fa.ml.com/illinois/northbrook/

klein.group

$1,301m Total Assets

$8m Typical Account Size

Kathleen Roeser

Morgan Stanley Wealth

Management

Chicago

[email protected]

(312) 443-6500

advisor.morganstanley.com/

the-roeser-barbanente-group

$1,975m Total Assets

$8m Typical Account Size

James Whitney

Graystone Consulting |

Morgan Stanley

Chicago

[email protected]

(312) 453-9180

advisor.morganstanley.com/

graystone-consulting-chicago

$4,912m Total Assets

$40m Typical Account Size

David Wright

Merrill Private Wealth

Management

Chicago

[email protected]

(312) 325-2620

pwa.ml.com/wrighthudakzabel

$3,163m Total Assets

$25m Typical Account Size

INDIANA

Martin Gregor

Merrill Private Wealth

Management

Indianapolis

[email protected]

(317) 706-2051

pwa.ml.com/gregorgroup

$2,831m Total Assets

$50m Typical Account Size

IOWA

Matt Fryar

Wells Fargo Advisors

Clive

[email protected]

(515) 245-3120

fa.wellsfargoadvisors.com/

matthew-fryar

$1,040m Total Assets

$5m Typical Account Size

KANSAS

Trey Barnes

Mariner Wealth Advisors

Overland Park

trey.barnes@

marinerwealthadvisors.com

(913) 387-2734

marinerwealthadvisors.com/

why-us/people/trey-barnes

$2,796m Total Assets

$2m Typical Account Size

Tom Freeman

FCS Private Wealth

Management & Family Office

Leawood

[email protected]

(913) 578-9001

fcsfamilyoffice.com

$1,851m Total Assets

$20m Typical Account Size

Tim Werth

Werth Wealth Management |

Raymond James

Hays

[email protected]

(785) 628-1712

werthfinancial.com

$1,242m Total Assets

$2m Typical Account Size

KENTUCKY

Barry Barlow

Merrill Lynch Wealth

Management

Louisville

[email protected]

(502) 329-5097

fa.ml.com/kentucky/louisville/

b_barlow

$1,290m Total Assets

$6m Typical Account Size

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:66

S14 BARRON’S October 3, 2022

SPECIAL ADVERTISING SECTION

KENTUCKY (CONT.)

Travis Musgrave

Merrill Lynch Wealth

Management

Lexington

[email protected]

(859) 231-5258

fa.ml.com/musgrave

$1,116m Total Assets

$6m Typical Account Size

MAINE

Jeremiah Burns

Morgan Stanley Wealth

Management

Portland

jeremiah.burns@

morganstanley.com

(207) 871-7373

advisor.morganstanley.com/

jeremiah.burns

$609m Total Assets

$5m Typical Account Size

Todd Doolan

Morgan Stanley Wealth

Management

Portland

todd.h.doolan@

morganstanley.com

(207) 771-0812

advisor.morganstanley.com/

the-doolan-eldredge-group

$503m Total Assets

$2m Typical Account Size

MARYLAND

Barry Garber

Alex. Brown | Raymond James

Baltimore

[email protected]

(410) 525-6210

alexbrown.com/

garberwealthmanagementteam

$4,356m Total Assets

$15m Typical Account Size

Bradley Hill

Morgan Stanley Wealth

Management

Easton

[email protected]

(410) 770-6125

advisor.morganstanley.com/

the-easton-group

$1,722m Total Assets

$1m Typical Account Size

Kent Pearce

Merrill Lynch Wealth

Management

Towson

[email protected]

(410) 321-4340

fa.ml.com/pearce_group

$2,580m Total Assets

$10m Typical Account Size

Robert Scherer

Graystone Consulting |

Morgan Stanley

Potomac

robert.s.scherer@

msgraystone.com

(301) 279-6403

graystone.morganstanley.com/

graystone-consultingmetropolitan-washington-d-c

$15,233m Total Assets

$25m Typical Account Size

E. Geoffrey Sella

SPC Financial | Raymond James

Rockville

[email protected]

(301) 770-6800

spcfinancial.com

$1,219m Total Assets

$1m Typical Account Size

MASSACHUSETTS

Charles S. Bean III

Heritage Financial Services

Westwood

[email protected]

(781) 619-1302

heritagefinancial.net

$2,100m Total Assets

$3m Typical Account Size

Debra Brede

D.K. Brede Investment

Management

Needham

[email protected]

(781) 444-9367

bredeinvestment.com

$1,494m Total Assets

$3m Typical Account Size

Carl Cafaro

Merrill Lynch Wealth

Management

Newton

[email protected]

(617) 243-8046

fa.ml.com/cafarogroup

$4,516m Total Assets

$15m Typical Account Size

Susan Kaplan

Kaplan Financial Services

Newton

[email protected]

(617) 527-1557

kaplan-financial.com

$2,898m Total Assets

$4m Typical Account Size

Peter Noonan

J.P. Morgan Wealth Management

Boston

[email protected]

(617) 654-2318

wealthpartners.jpmorgan.com/

boston/peter-c-noonan-group

$2,641m Total Assets

$15m Typical Account Size

Raju Pathak

Morgan Stanley Wealth

Management

Boston

[email protected]

(617) 589-3373

fa.morganstanley.com/

pathakgroup

$2,290m Total Assets

$8m Typical Account Size

Peter Princi

Graystone Consulting |

Morgan Stanley

Boston

[email protected]

(617) 589-3229

fa.morganstanley.com/

theprincigroup

$7,735m Total Assets

$10m Typical Account Size

Ira Rapaport

New England Private Wealth

Advisors

Wellesley

[email protected]

(781) 416-1700

nepwealth.com

$2,435m Total Assets

$8m Typical Account Size

Raj Sharma

Merrill Private Wealth

Management

Boston

[email protected]

(617) 946-8030

pwa.ml.com/sharma_group

$6,670m Total Assets

$10m Typical Account Size

Jason Traino

Morgan Stanley Wealth

Management

Middleton

[email protected]

(978) 739-3918

advisor.morganstanley.com/

the-bonheur-scott-traino-group

$2,412m Total Assets

$3m Typical Account Size

Mark Winthrop

Winthrop Wealth

Westborough

mark.winthrop@

winthropwealth.com

(508) 836-5500

winthropwealth.com

$1,621m Total Assets

$3m Typical Account Size

MICHIGAN

Jeffrey Fratarcangeli

Fratarcangeli Wealth

Management

Bloomfield Hills

jeffrey.fratarcangeli@

wfafinet.com

(248) 385-5050

fratarcangeliwealth.com

$3,400m Total Assets

$8m Typical Account Size

James Kruzan

Kaydan Wealth Management

Fenton

[email protected]

(810) 593-1624

kaydanwealthmanagement.com

$662m Total Assets

$2m Typical Account Size

David Kudla

Mainstay Capital Management

Grand Blanc

[email protected]

(866) 444-6246

mainstaycapital.com

$3,770m Total Assets

$2m Typical Account Size

Leo Stevenson

Merrill Lynch Wealth

Management

Wyandotte

[email protected]

(734) 324-3826

fa.ml.com/wyandottegroup

$1,150m Total Assets

$2m Typical Account Size

Charles C. Zhang

Zhang Financial

Portage

charles.zhang@

zhangfinancial.com

(269) 385-5888

zhangfinancial.com

$4,778m Total Assets

$5m Typical Account Size

MINNESOTA

Ben Marks

Marks Group Wealth

Management

Minnetonka

[email protected]

(952) 582-6100

marksgroup.com

$1,781m Total Assets

$2m Typical Account Size

David A. Olson

Morgan Stanley Wealth

Management

Rochester

david.a.olson@

morganstanley.com

(507) 269-7542

fa.morganstanley.com/

blackridgegroup

$867m Total Assets

$4m Typical Account Size

Michelle Young

Ameriprise Financial

Edina

[email protected]

(952) 857-1487

ameripriseadvisors.com/team/

confetti-wealth

$1,148m Total Assets

$1m Typical Account Size

MISSOURI

Diane Compardo

Moneta Group

Clayton

[email protected]

(314) 244-3222

monetagroup.com/compardowienstroer-conrad-janes

$2,240m Total Assets

$15m Typical Account Size

Michael Moeller

Moeller Investment Group

Chesterfield

mike.moeller@

moellerinvestmentgroup.com

(636) 735-3025

moellerinvestmentgroup.com

$2,180m Total Assets

$3m Typical Account Size

Kathleen Youngerman

Morgan Stanley Private Wealth

Management

Chesterfield

kathleen.l.youngerman@

morganstanleypwm.com

(314) 889-4862

advisor.morganstanley.com/

the-harmony-family-office

$570m Total Assets

$35m Typical Account Size

NEBRASKA

Jason Dworak

UBS Private Wealth

Management

Lincoln

[email protected]

(402) 328-2077

financialservicesinc.ubs.com/

team/dworakgroup

$1,486m Total Assets

$8m Typical Account Size

Jim Siemonsma

Mariner Wealth Advisors

Omaha

jim.siemonsma@

marinerwealthadvisors.com

(402) 829-3650

marinerwealthadvisors.com

$2,092m Total Assets

$1m Typical Account Size

NEVADA

Deborah Danielson

Danielson Financial Group |

LPL Financial

Las Vegas

deborah@

danielsonfinancialgroup.com

(702) 734-7000

danielsonfinancialgroup.com

$646m Total Assets

$2m Typical Account Size

Participation in this section is only open to advisors who have been listed in our editorial rankings. Advisors pay a fee to be included in this reprint. Participation in this section has no bearing on the outcome of our rankings.

Assets are tied to the most recent ranking. For more information, visit barrons.com/guide.

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:67

October 3, 2022 BARRON’S S15

SPECIAL ADVERTISING SECTION

Randy Garcia

Investment Counsel Company

Las Vegas

[email protected]

(702) 871-8510

iccnv.com

$1,713m Total Assets

$6m Typical Account Size

NEW JERSEY

Michael Axelrod

Bleakley Financial Group

Fairfield

[email protected]

(973) 244-4223

bleakley.com

$715m Total Assets

$4m Typical Account Size

Bruce Barth

Merrill Lynch Wealth

Management

Short Hills

[email protected]

(973) 564-7740

fa.ml.com/barthgroup

$2,317m Total Assets

$2m Typical Account Size

Francis Bitterly

Morgan Stanley Wealth

Management

Red Bank

[email protected]

(732) 224-3754

advisor.morganstanley.com/

the-bitterly-wealth-managementgroup

$728m Total Assets

$7m Typical Account Size

David Briegs

Merrill Lynch Wealth

Management

Bridgewater

[email protected]

(908) 685-3203

fa.ml.com/kugelbriegs

$2,245m Total Assets

$3m Typical Account Size

Jack Burke

Merrill Lynch Wealth

Management

Florham Park

[email protected]

(973) 410-2309

fa.ml.com/the_harbor_group

$5,669m Total Assets

$10m Typical Account Size

Christopher Cook

Merrill Lynch Wealth

Management

Florham Park

[email protected]

(973) 301-7622

fa.ml.com/gcca

$2,253m Total Assets

$6m Typical Account Size

Jack Cooney

Bleakley Financial Group

Fairfield

[email protected]

(973) 244-4206

bleakley.com/cooneyteam

$753m Total Assets

$2m Typical Account Size

Mark Cortazzo

Wealth Enhancement Group

Parsippany

[email protected]

(973) 451-9400

wealthenhancement.com

$932m Total Assets

$3m Typical Account Size

Reed Finney

Bleakley Financial Group

Fairfield

[email protected]

(973) 575-4180

bleakley.com/finneyteam

$804m Total Assets

$2m Typical Account Size

Mary Guza

Morgan Stanley Wealth

Management

Florham Park

[email protected]

(973) 236-3593

advisor.morganstanley.com/

the-ricca-group

$4,803m Total Assets

$8m Typical Account Size

Elliott Kugel

Merrill Lynch Wealth

Management

Bridgewater

[email protected]

(908) 685-3252

fa.ml.com/kugelbriegs

$2,245m Total Assets

$3m Typical Account Size

Greg Makowski

CFS Investment Advisory

Services

Totowa

[email protected]

(973) 826-8800

cfsias.com

$1,950m Total Assets

$2m Typical Account Size

Neil McPeak

Wells Fargo Advisors

Linwood

neil.mcpeak@

wellsfargoadvisors.com

(609) 926-7808

fa.wellsfargoadvisors.com/

mcpeak-group

$1,750m Total Assets

$3m Typical Account Size

Harris Nydick

CFS Investment Advisory

Services

Totowa

[email protected]

(973) 826-8800

cfsias.com

$1,950m Total Assets

$2m Typical Account Size

Michael Ricca

Morgan Stanley Wealth

Management

Florham Park

michael.j.ricca@

morganstanley.com

(973) 236-3530

advisor.morganstanley.com/

the-ricca-group

$5,843m Total Assets

$10m Typical Account Size

Ken Schapiro

Condor Capital Management

Martinsville

[email protected]

(732) 356-7323

condorcapital.com

$1,588m Total Assets

$3m Typical Account Size

Andy Schwartz

Bleakley Financial Group

Fairfield

[email protected]

(973) 244-4202

bleakley.com

$2,300m Total Assets

$3m Typical Account Size

Frank Seminara

Morgan Stanley Private Wealth

Management

Florham Park

frank.seminara@

morganstanleypwm.com

(973) 236-3634

advisor.morganstanley.com/

the-seminara-group

$2,870m Total Assets

$10m Typical Account Size

Michael Taggart

J.P. Morgan Wealth Management

Morristown

[email protected]

(212) 272-2044

wealthpartners.jpmorgan.com/

morristown/the-taggart-group

$1,007m Total Assets

$10m Typical Account Size

NEW YORK

Lewis Altfest

Altfest Personal Wealth

Management

New York

[email protected]

(212) 406-0850

altfest.com

$1,612m Total Assets

$2m Typical Account Size

Jay Canell

J.P. Morgan Wealth Management

New York

[email protected]

(212) 272-0888

wealthpartners.jpmorgan.com/

new-york/the-canell-group

$3,928m Total Assets

$20m Typical Account Size

Neil Canell

J.P. Morgan Wealth Management

New York

[email protected]

(212) 272-0777

wealthpartners.jpmorgan.com/

new-york/the-canell-group

$3,928m Total Assets

$15m Typical Account Size

Dennis Cutrone

Morgan Stanley Private Wealth

Management

New York

dennis.cutrone@

morganstanleypwm.cm

(212) 692-2829

advisor.morganstanley.com/

the-bluestone-group-familyoffice-services

$3,659m Total Assets

$15m Typical Account Size

Anthony Dertouzos

Morgan Stanley Private Wealth

Management

New York

anthony.dertouzos@

morganstanleypwm.com

(212) 761-8565

advisor.morganstanley.com/

anthony.dertouzos

$5,715m Total Assets

$20m Typical Account Size

Geri Eisenman Pell

Ameriprise Financial

Rye Brook

[email protected]

(914) 253-8800

ameripriseadvisors.com/team/

pell-wealth-partners

$1,406m Total Assets

$3m Typical Account Size

Marc Fischer

Graystone Consulting |

Morgan Stanley

Rochester

[email protected]

(585) 389-2271

graystone.morganstanley.com/

the-fischer-group-at-graystoneconsulting

$5,028m Total Assets

$60m Typical Account Size

Wendy Holmes

UBS Private Wealth

Management

New York

[email protected]

(212) 713-3121

advisors.ubs.com/

hiddenoakpartners

$2,168m Total Assets

$50m Typical Account Size

Jason Katz

UBS Private Wealth

Management

New York

[email protected]

(212) 713-9201

ubs.com/team/katz

$4,095m Total Assets

$5m Typical Account Size

Gerard Klingman

Klingman & Associates

New York

[email protected]

(212) 867-7647

klingmanria.com

$3,582m Total Assets

$10m Typical Account Size

Jonathan Kuttin

Ameriprise Financial

Hauppauge

[email protected]

(631) 770-0335

ameripriseadvisors.com/team/

kuttin-wealth-management

$7,028m Total Assets

$1m Typical Account Size

Lawrence Liebers

Merrill Lynch Wealth

Management

New York

[email protected]

(212) 415-7479

fa.ml.com/new-york/new-york/

lawrence_c_liebers

$1,888m Total Assets

$13m Typical Account Size

Joshua Malkin

Morgan Stanley Private Wealth

Management

New York

joshua.d.malkin@

morganstanleypwm.com

(212) 893-6530

pwm.morganstanley.com/

themalkingroup

$2,563m Total Assets

$10m Typical Account Size

Ira Mark

Morgan Stanley Wealth

Management

Jericho

[email protected]

(516) 336-0875

advisor.morganstanley.com/

ira.mark

$3,396m Total Assets

$8m Typical Account Size

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:68

S16 BARRON’S October 3, 2022

SPECIAL ADVERTISING SECTION

NEW YORK (CONT.)

Frank Marzano

GM Advisory Group

Melville

[email protected]

(631) 227-3900

gmadvisorygroup.com

$5,744m Total Assets

$20m Typical Account Size

Leo Marzen

Bridgewater Advisors

New York

[email protected]

(212) 221-5300

bridgewateradv.com/team/

leo-marzen

$1,800m Total Assets

$5m Typical Account Size

Jordan Mayer

J.P. Morgan Wealth Management

New York

[email protected]

(212) 272-2736

wealthpartners.jpmorgan.com/

new-york/maybach-partners

$3,443m Total Assets

$15m Typical Account Size

Justin McCarthy

Mariner Wealth Advisors

New York

justin.mccarthy@

marinerwealthadvisors.com

(212) 869-5900

marinerwealthadvisors.com

$2,179m Total Assets

$3m Typical Account Size

Colleen O’Callaghan

J.P. Morgan Wealth Management

New York

colleen.ocallaghan@

jpmorgan.com

(212) 272-0280

wealthpartners.jpmorgan.com/

new-york/the-ocallaghanthomas-group

$4,433m Total Assets

$35m Typical Account Size

Daniel O’Connell

Merrill Lynch Wealth

Management

Garden City

[email protected]

(516) 877-8316

fa.ml.com/daniel_o_connell

$2,389m Total Assets

$8m Typical Account Size

Lyon Polk

Morgan Stanley Private Wealth

Management

New York

mercy.sierra.short@

morganstanleypwm.com

(212) 761-0867

advisor.morganstanley.com/

the-polk-wealth-managementgroup

$37,729m Total Assets

$100m Typical Account Size

Michael Poppo

UBS Financial Services

New York

[email protected]

(212) 626-8721

ubs.com/team/thepoppogroup

$1,785m Total Assets

$8m Typical Account Size

Emily Rubin

UBS Private Wealth

Management

New York

[email protected]

(212) 333-8920

financialservicesinc.ubs.com/

team/entrepreneursgroup

$2,600m Total Assets

$20m Typical Account Size

Shawn Rubin

Morgan Stanley Private Wealth

Management

New York

shawn.rubin@

morganstanleypwm.com

(212) 893-6322

pwm.morganstanley.com/

abacusgroup

$2,329m Total Assets

$10m Typical Account Size

Richard Saperstein

Treasury Partners

New York

rsaperstein@

treasurypartners.com

(917) 286-2777

treasurypartners.com

$22,580m Total Assets

$15m Typical Account Size

Evan Steinberg

Morgan Stanley Private Wealth

Management

New York

evan.steinberg@

morganstanleypwm.com

(212) 893-7501

morganstanleypwa.com/sfgroup

$4,429m Total Assets

$10m Typical Account Size

Robert Stolar

Morgan Stanley Private Wealth

Management

New York

[email protected]

(212) 761-8138

advisor.morganstanley.com/

family-wealth-group

$3,584m Total Assets

$70m Typical Account Size

Ron Vinder

Morgan Stanley Private Wealth

Management

New York

vinder-group@

morganstanley.com

(212) 503-2365

advisor.morganstanley.com/

the-vinder-group

$10,793m Total Assets

$50m Typical Account Size

Elizabeth Weikes

J.P. Morgan Wealth Management

New York

[email protected]

(212) 272-9214

wealthpartners.jpmorgan.com/

new-york/the-weikes-group

$5,650m Total Assets

$25m Typical Account Size

Christopher Wimpfheimer

J.P. Morgan Wealth Management

christopher.wimpfheimer@

jpmorgan.com

(212) 272-7737

wealthpartners.jpmorgan.com/

new-york/the-tbw-group

$35,254m Total Assets

$250m Typical Account Size

Scott Wilson

Morgan Stanley Private Wealth

Management

New York

scott.c.wilson@

morganstanleypwm.com

(212) 603-6234

advisor.morganstanley.com/

atlas-group

$9,830m Total Assets

$25m Typical Account Size

Richard Zinman

Morgan Stanley Private Wealth

Management

New York

richard.zinman@

morganstanleypwm.com

(212) 761-9842

advisor.morganstanley.com/

the-magellan-group

$5,954m Total Assets

$25m Typical Account Size

NORTH CAROLINA

Mike Absher

Absher Wealth Management

Chapel Hill

[email protected]

(919) 283-2340

absherwealth.com

$752m Total Assets

$2m Typical Account Size

Keith Norman

Merrill Lynch Wealth

Management

Winston-Salem

[email protected]

(336) 721-3224

fa.ml.com/norman_young_group

$1,418m Total Assets

$4m Typical Account Size

R. Neil Stikeleather

Merrill Lynch Wealth

Management

Charlotte

[email protected]

(704) 705-3233

fa.ml.com/

stikeleatherandassociates

$591m Total Assets

$750k Typical Account Size

OHIO

Randy Carver

Carver Financial Services |

Raymond James

Mentor

[email protected]

(440) 974-0808

carverfinancialservices.com

$2,268m Total Assets

$1m Typical Account Size

Valerie Newell

Mariner Wealth Advisors

Cincinnati

valerie.newell@

marinerwealthadvisors.com

(513) 618-3040

marinerwealthadvisors.com

$4,765m Total Assets

$3m Typical Account Size

Thomas Robertson

Graystone Consulting |

Morgan Stanley

Columbus

thomas.g.robertson@

morganstanley.com

(614) 460-2754

graystone.morganstanley.com/

graystone-consulting-therobertson-group

$6,129m Total Assets

$2m Typical Account Size

Daniel Roe

Budros, Ruhlin & Roe

Columbus

[email protected]

(614) 481-6900

b-r-r.com

$3,441m Total Assets

$4m Typical Account Size

David Singer

Merrill Private Wealth

Management

Cincinnati

[email protected]

(513) 579-3889

pwa.ml.com/evelosingersullivan

$7,213m Total Assets

$18m Typical Account Size

Linnell Sullivan

Merrill Lynch Wealth

Management

Cincinnati

[email protected]

(513) 579-3890

pwa.ml.com/evelosingersullivan

$2,528m Total Assets

$10m Typical Account Size

OKLAHOMA

Jana Shoulders

Mariner Wealth Advisors

Tulsa

jana.shoulders@

marinerwealthadvisors.com

(918) 991-6910

marinerwealthadvisors.com/

why-us/people/jana-shoulders

$2,268m Total Assets

$3m Typical Account Size

OREGON

Justin Buell

Wells Fargo Advisors

Portland

justin.buell@

wellsfargoadvisors.com

(503) 889-1520

fa.wellsfargoadvisors.com/

justinbuellfinancialgroup

$518m Total Assets

$4m Typical Account Size

PENNSYLVANIA

Patti Brennan

Key Financial

West Chester

[email protected]

(610) 429-9050

keyfinancialinc.com

$1,676m Total Assets

$2m Typical Account Size

Jack Hafner

J.P. Morgan Wealth Management

Philadelphia

[email protected]

(215) 864-5715

wealthpartners.jpmorgan.com/

philadelphia/the-hafner-group

$1,510m Total Assets

$40m Typical Account Size

Michael Henley

Brandywine Oak Private Wealth

Kennett Square

[email protected]

(484) 785-0040

brandywineoak.com

$1,576m Total Assets

$4m Typical Account Size

Participation in this section is only open to advisors who have been listed in our editorial rankings. Advisors pay a fee to be included in this reprint. Participation in this section has no bearing on the outcome of our rankings.

Assets are tied to the most recent ranking. For more information, visit barrons.com/guide.

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:69

October 3, 2022 BARRON’S S17

SPECIAL ADVERTISING SECTION

Michael Hirthler

Jacobi Capital Management

Wilkes-Barre

[email protected]

(570) 826-1801

jacobicapital.com

$1,871m Total Assets

$3m Typical Account Size

Barbara Hudock

Hudock Capital Group

Williamsport

[email protected]

(570) 326-9500

hudockcapital.com

$747m Total Assets

$1m Typical Account Size

Virgil Kahl

Spring Ridge Financial Group

Wyomissing

[email protected]

(610) 743-3484

springridgefg.com

$1,111m Total Assets

$1m Typical Account Size

John J. Parker Sr.

Wells Fargo Advisors

Philadelphia

[email protected]

(215) 564-8487

ppwmg.com

$1,950m Total Assets

$3m Typical Account Size

Peter Rohr

Merrill Private Wealth

Management

Philadelphia

[email protected]

(215) 587-4731

pwa.ml.com/rohrgroup

$6,660m Total Assets

$34m Typical Account Size

Peter Sargent

Janney Montgomery Scott

Yardley

[email protected]

(267) 685-4205

sargentwealthmanagement.com

$887m Total Assets

$3m Typical Account Size

John Solis-Cohen

Wells Fargo Advisors

Jenkintown

john.solis-cohen@

wfadvisors.com

(215) 572-4276

home.wellsfargoadvisors.com/

john.solis-cohen

$1,589m Total Assets

$5m Typical Account Size

Samuel Spanos

Raymond James

Beaver

[email protected]

(412) 389-4874

raymondjames.com/

spanosgroup

$1,005m Total Assets

$750k Typical Account Size

Rob Thomas

Mariner Wealth Advisors

State College

rob.thomas@

marinerwealthadvisors.com

(814) 867-2050

marinerwealthadvisors.com/

why-us/people/rob-thomas

$2,622m Total Assets

$370k Typical Account Size

RHODE ISLAND

Malcolm Makin

Raymond James

Westerly

[email protected]

(401) 596-2800

ppgadvisors.com

$1,731m Total Assets

$2m Typical Account Size

Matthew Young

Richard C. Young & Co.

Newport

[email protected]

(401) 849-2137

younginvestments.com

$1,407m Total Assets

$2m Typical Account Size

SOUTH CAROLINA

Rick Migliore

Merrill Private Wealth

Management

Columbia

[email protected]

(803) 733-2126

fa.ml.com/ek

$4,662m Total Assets

$10m Typical Account Size

TENNESSEE

Christi Edwards

Morgan Stanley Wealth

Management

Nashville

christi.edwards@

morganstanley.com

(615) 298-6554

advisor.morganstanley.com/

the-edwards-pharris-group

$1,342m Total Assets

$4m Typical Account Size

TEXAS

Bonner Barnes

Corda Investment Management

Houston

[email protected]

(713) 439-0665

cordamanagement.com

$1,420m Total Assets

$1m Typical Account Size

Scott Cohen

CD Wealth Management

Dallas

[email protected]

(972) 499-6280

cdwealth.com

$809m Total Assets

$2m Typical Account Size

William Corbellini

Merrill Private Wealth

Management

Dallas

[email protected]

(214) 303-5810

pwa.ml.com/ce_group

$4,592m Total Assets

$30m Typical Account Size

Dwight Emanuelson

Merrill Private Wealth

Management

Dallas

[email protected]

(214) 303-5812

pwa.ml.com/ce_group

$4,592m Total Assets

$30m Typical Account Size

Ira Kravitz

UBS Financial Services

Plano

[email protected]

(469) 440-0547

financialservicesinc.ubs.com/

team/kravitzgroup

$1,104m Total Assets

$5m Typical Account Size

Tommy McBride

Merrill Lynch Wealth

Management

Dallas

[email protected]

(214) 750-2004

fa.ml.com/mcbride

$2,020m Total Assets

$8m Typical Account Size

Darrell Pennington

Ameriprise Financial

Houston

[email protected]

(713) 332-4422

penningtonwealth.com

$1,428m Total Assets

$2m Typical Account Size

R. Scot Smith

Morgan Stanley

Dallas

[email protected]

(214) 696-7064

advisor.morganstanley.com/

scot.smith

$1,221m Total Assets

$4m Typical account size

Scott Tiras

Ameriprise Financial

Houston

[email protected]

(713) 332-4400

tiraswealth.com

$2,328m Total Assets

$4m Typical Account Size

VIRGINIA

Stephan Cassaday

Cassaday & Company

McLean

[email protected]

(703) 506-8200

cassaday.com

$4,940m Total Assets

$2m Typical Account Size

Neil Goetzman

Raymond James

Alexandria

[email protected]

(703) 537-8145

raymondjames.com/

goetzmannaufp

$938m Total Assets

$3m Typical Account Size

Simon Hamilton

Baird

Reston

[email protected]

(571) 203-1611

thewiseinvestorgroup.com

$2,841m Total Assets

$2m Typical Account Size

Susan Kim

Ameriprise Financial

Vienna

[email protected]

(703) 226-2300

ameripriseadvisors.com/

soo.m.kim

$2,029m Total Assets

$2m Typical Account Size

Aashish Matani

Merrill Lynch Wealth

Management

Norfolk

[email protected]

(757) 446-4045

fa.ml.com/theahmgroup

$1,653m Total Assets

$4m Typical Account Size

Joseph Montgomery

The Optimal Service Group of

Wells Fargo Advisors

Williamsburg

joe.montgomery@

wellsfargoadvisors.com

(757) 220-1782

optimalservicegroup.com

$20,095m Total Assets

$7m Typical Account Size

Gregory Smith

Baird

Reston

[email protected]

(571) 203-1623

thewiseinvestorgroup.com

$2,841m Total Assets

$2m Typical Account Size

Ryan Sprowls

Alexandria Wealth Management

Group of Wells Fargo Advisors

Alexandria

ryan.sprowls@

wellsfargoadvisors.com

(703) 739-1439

alexandriawmg.com

$1,558m Total Assets

$4m Typical Account Size

WASHINGTON

Michael Hershey

J.P. Morgan Wealth Management

Bellevue

[email protected]

(425) 462-6810

wealthpartners.jpmorgan.com/

bellevue/the-hhh-group

$1,345m Total Assets

$10m Typical Account Size

Randall Linde

Ameriprise Financial

Renton

[email protected]

(800) 563-1636

agpwealthadvisors.com

$5,336m Total Assets

$1m Typical Account Size

Michael Matthews

UBS Private Wealth

Management

Bellevue

[email protected]

(425) 451-2350

ubs.com/team/

thematthewsgroup

$1,988m Total Assets

$7m Typical Account Size

Erin Scannell

Heritage Wealth Advisors

Mercer Island

[email protected]

(425) 709-2345

heritage-wealth.com

$4,252m Total Assets

$500k Typical Account Size

WISCONSIN

Andrew Burish

UBS Wealth Management

Madison

[email protected]

(608) 831-4282

ubs.com/burishgroup

$4,876m Total Assets

$2m Typical Account Size

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:70

S18 BARRON’S October 3, 2022

SPECIAL ADVERTISING SECTION

Private Advisor Group

Morristown, NJ

startthedialogue@

privateadvisorgroup.com

(973) 538-7010

privateadvisorgroup.com

692 Advisors | 341 Offices

$26.4b Total Assets

$100k Account Minimum

RegentAtlantic

Morristown, NJ

[email protected]

(973) 425-8420

regentatlantic.com

17 Advisors | 2 Offices

$5.2b Total Assets

$1m Account Minimum

Signature Estate & Investment

Advisors

Los Angeles, CA

[email protected]

(310) 712-2326

seia.com

34 Advisors | 10 Offices

$13.6b Total Assets

$500k Account Minimum

Snowden Lane Partners

New York, NY

[email protected]

(646) 218-9760

snowdenlane.com

65 Advisors | 12 Offices

$3.1b Total Assets

No Account Minimum

Wetherby Asset Management

San Francisco, CA

[email protected]

(415) 399-9159

wetherby.com

24 Advisors | 3 Offices

$6.6b Total Assets

$10m Account Minimum

CAPTRUST

Raleigh, NC

[email protected]

(800) 216-0645

captrust.com

384 Advisors | 61 Offices

$450b Total Assets

$500k Account Minimum

Carson Wealth

Omaha, NE

[email protected]

(888) 321-0808

carsonwealth.com

365 Advisors | 126 Offices

$15.2b Total Assets

$100k Account Minimum

Cary Street Partners

Richmond, VA

[email protected]

(804) 340-8100

carystreetpartners.com

42 Advisors | 13 Offices

$3.3b Total Assets

$100k Account Minimum

Chevy Chase Trust

Bethesda, MD

[email protected]

(240) 497-5000

chevychasetrust.com

34 Advisors | 1 Office

$35.9b Total Assets

$3m Account Minimum

Churchill Management Group

Los Angeles, CA

[email protected]

(877) 937-7110

churchillmanagement.com

44 Advisors | 52 Offices

$6.6b Total Assets

$500k Account Minimum

1919 Investment Counsel

Baltimore, MD

[email protected]

(410) 454-5719

1919ic.com

44 Advisors | 9 Offices

$17.6b Total Assets

$1m Account Minimum

Advance Capital Management

Southfield, MI

[email protected]

(248) 350-8543

acadviser.com

24 Advisors | 5 Offices

$3.5b Total Assets

No Account Minimum

BDF LLC

Itasca, IL

[email protected]

(800) 840-4740

bdfllc.com

38 Advisors | 1 Office

$5.4b Total Assets

$1m Account Minimum

Beacon Pointe Advisors

Newport Beach, CA

[email protected]

(949) 718-1600

beaconpointe.com

200 Advisors | 29 Offices

$23.7b Total Assets

$1m Account Minimum

Bradley, Foster and Sargent, Inc.

Hartford, CT

[email protected]

(860) 614-1466

bfsinvest.com

16 Advisors | 3 Offices

$4.9b Total Assets

$500k Account Minimum

CIBC Private Wealth

Atlanta, GA

[email protected]

(866) 517-3400

wealth.us.cibc.com

140 Advisors | 21 Offices

$45.9b Total Assets

$1m Account Minimum

Cresset

Chicago, IL

[email protected]

(312) 429-2456

cressetcapital.com

50 Advisors | 10 Offices

$11.7b Total Assets

$10m Account Minimum

Dowling & Yahnke Wealth

Advisors

San Diego, CA

[email protected]

(858) 509-9500

dywealth.com

20 Advisors | 1 Office

$5.7b Total Assets

$1m Account Minimum

Gofen and Glossberg, LLC

Chicago, IL

[email protected]

(312) 828-1100

gofen.com

12 Advisors | 1 Office

$5.6b Total Assets

$300k Account Minimum

Hightower Advisors

Chicago, IL

businessdevelopment@

hightoweradvisors.com

(312) 962-3800

hightoweradvisors.com

295 Advisors | 1-3 Offices

$74.5b Total Assets

No Account Minimum

Homrich Berg

Atlanta, GA

[email protected]

(404) 264-1400

homrichberg.com

74 Advisors | 5 Offices

$8.9b Total Assets

$1m Account Minimum

IEQ Capital

San Francisco, CA

[email protected]

(650) 581-9807

ieqcapital.com

11 Advisors | 2 Offices

$11.6b Total Assets

$10m Account Minimum

MAI Capital Management

Cleveland, OH

[email protected]

(216) 920-4800

mai.capital

89 Advisors | 11 Offices

$9.2b Total Assets

$1m Account Minimum

Mariner Wealth Advisors

Leawood, KS

[email protected]

(913) 647-9700

marinerwealthadvisors.com

368 Advisors | 46 Offices

$35b Total Assets

$100k Account Minimum

NewEdge Capital Group

Pittsburgh, PA

[email protected]

(800) 693-7800

newedgecapitalgroup.com

120 Advisors | 112 Offices

$16.9b Total Assets

$2m Account Minimum

Below is a reprint of select firms from Barron’s Top 100 RIA Firms ranking.

For more information, visit barrons.com/guide.

Participation in this section is only open to advisors who have been listed in our

editorial rankings. Advisors pay a fee to be included in this reprint. Participation in

this section has no bearing on the outcome of our rankings. Assets are tied to the

most recent ranking. For more information, visit barrons.com/guide.

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:71

October 3, 2022 BARRON’S S19

SPECIAL ADVERTISING SECTION

The Americas Group

Raymond James

Boca Raton, FL / Coral Gables, FL

Team: Don d’Adesky, Jose Cabrera,

Kristopher Lemke

theamericasgroup@

raymondjames.com

(561) 981-3690 | (305) 461-6670

raymondjames.com/theamericasgroup

$6.1b Total Assets

$1m Account Minimum

Bermont Carlin Wealth

Management

Morgan Stanley Private Wealth

Management

Coral Gables, FL

Team: Adam Carlin

adam.e.carlin@

morganstanleypwm.com

(305) 476-3302

fa.morganstanley.com/adam.e.carlin

$4.4b Total Assets

$10m Account Minimum

The Burish Group

UBS Wealth Management

Madison, WI

Team: Andrew Burish, Jason Maas

[email protected],

[email protected]

(608) 831-4282

ubs.com/burishgroup

$5.2b Total Assets

$1m Account Minimum

The Cafaro Group

Merrill Lynch Wealth Management

Newton, MA

Team:Carl Cafaro, Jonathan Greer, Nick

Cafaro, Erik Morland, Steve Vacher

[email protected]

(617) 243-8046

fa.ml.com/cafarogroup

$5.2b Total Assets

$1m Account Minimum

The Capitol Wealth Management

Group

Morgan Stanley Private Wealth

Management

Washington, DC

Team: Marvin McIntyre, A.J. Fechter,

David Gray, Donald Metzger, Arnold

Koonin, Alyson Scott, Joey McLister,

JJ McKoan, Paul Capodanno

[email protected]

(202) 778-1381

advisor.morganstanley.com/thecapitol-wealth-management-group

$5.5b Total Assets

$5m Account Minimum

CEK & Associates

Merrill Private Wealth Management

Dallas, TX

Team: Bill Corbellini, Dwight

Emanuelson, Raj Kalyandurg,

Sami Abboud, Tara Walters

[email protected]

(214) 303-5818

pwa.ml.com/ce_group

$4.8b Total Assets

$5m Account Minimum

Ellison Kibler & Associates

Merrill Private Wealth Management

Charlotte, NC | Columbia, SC

Team: Rick Migliore, John McCardell,

GordonWhittaker, E. Robertson

Kibler, Ronald Dennis, John DaWalt,

Jessica Miles, Andrew Ellison,

Thomas Kibler

[email protected]

(704) 339-2123

fa.ml.com/ek

$8.6b Total Assets

$1m Account Minimum

The Evelo | Singer | Sullivan Group

Merrill Private Wealth Management

Cincinnati, OH

Team: David Singer, Linnell Sullivan,

Kevin Bruegge, Jamie Morgan, Tom

Hurley, Braden Martini

[email protected]

(513) 579-3889

pwa.ml.com/evelosingersullivan

$7.2b Total Assets

$5-20m Account Minimum

The Fowler Bull Group

Morgan Stanley Private Wealth

Management

Denver, CO

Team: Shawn Fowler, Max Bull

[email protected]

(303) 595-2105

pwm.morganstanley.com/fowlerbull

$8.6b Total Assets

$10m Account Minimum

GreenBridge

William Blair

Chicago, IL

Team: Cam McKinney, John Cimaroli,

Lauren Thompson, Candy Vondra, Cathy

Abbott, Jenna Kiernan, Gael Kraven,

Emmett O’Malley, Matt Summers

[email protected]

(312) 364-8169

williamblair.com/teams/greenbridge

$5.9b Total Assets

$10m Account Minimum

Heritage Wealth Advisors

Ameriprise Financial

Mercer Island, WA

Team: Erin J. Scannell

[email protected]

(425) 709-2345

heritage-wealth.com

$4.3b Total Assets

No Account Minimum

The Hetherington Group

Merrill Private Wealth Management

New Canaan, CT

Team: Brian Hetherington

[email protected]

(203) 972-2523

pwa.ml.com/hetheringtongroup

$4.5b Total Assets

$10m Account Minimum

Jones Zafari Group

Merrill Private Wealth Management

Los Angeles, CA

Team:Richard Jones, Reza Zafari, Suzanne

Killea, Jerome Klein, Thomas Tournat

[email protected]

(310) 407-4925

pwa.ml.com/joneszafarigroup

$24.8b Total Assets

$10m Account Minimum

Below is a reprint of select teams from Barron’s Top 100

Private Wealth Management Teams ranking. For more

information, visit barrons.com/guide.

Long & Associates

Merrill Lynch Wealth Management

Grand Rapids, MI

Team: Timothy Long

[email protected]

(616) 774-4220

fa.ml.com/michigan/grand-rapids/

tim-long

$6.7b Total Assets

$3m Account Minimum

The Magellan Group

Morgan Stanley Private Wealth

Management

New York, NY

Team: Richard Zinman, John Moreno,

Griffin McQuilling

[email protected]

(212) 761-8588

advisor.morganstanley.com/themagellan-group

$6b Total Assets

$5m Account Minimum

Moran Wealth Management

Wells Fargo Advisors Financial

Network

Naples, FL

Team: Thomas Moran, Donald Drury,

Michael Mongin, Charles Chesebrough,

Earl Sistrunk, Christina Shaw,

Chelsea Ganey, Corey Grant, Ryan

Frank, Angel Nurse, Ashley Buboltz

[email protected]

(239) 920-4440

moranwm.com

$4.6b Total Assets

$1m Account Minimum

Papadoyannis & Associates

Ameriprise Financial

San Mateo, CA

Team: George Papadoyannis, Joshua

Lelchook, Ryan Lee, Natalia Koritskaya,

Robert Graham, Emmanuel Huereca

[email protected]

650-593-9170 x328

papadoyannisandassociates.com

$12.4b Total Assets

$1m Account Minimum

The Polk Wealth Management Group

Morgan Stanley Private Wealth

Management

New York, NY

Team: Lyon Polk, Deborah

Montaperto, Edmund Agresta,

Tallie Taylor, Sandeep Belani

[email protected]

(212) 761-0867

advisor.morganstanley.com/the-polkwealth-management-group

$37.7b Total Assets

$50m Account Minimum

The Ricca Group

Morgan Stanley Wealth Management

Florham Park, NJ

Team: Michael Ricca, Mary Guza

[email protected]

(973) 236-3530

advisor.morganstanley.com/thericca-group

$5.8b Total Assets

$2m Account Minimum

The Sharma Group

Merrill Private Wealth Management

Boston, MA

Team: Raj Sharma, Christian Kemp

[email protected]

(617) 946-8030

pwa.ml.com/sharma_group

$6.7b Total Assets

$10m Account Minimum

Trailhead Retirement Planning

Group

Morgan Stanley Wealth Management

Chicago, IL

Team: William Easom, Dan Hoffmann,

Sean Lannan, Anthony Severino,

Erin Haley, Michael Haynes, William

Kramer, Kenneth Robson

[email protected]

(312) 648-3471

advisor.morganstanley.com/trailhead

$3.8b Total Assets

$1m Account Minimum

The Vinder Group

Morgan Stanley Private Wealth

Management

New York, NY

Team: Ron Vinder, Amy Wood

[email protected]

(212) 503-2365

advisor.morganstanley.com/thevinder-group

$10.8b Total Assets

$25m Account Minimum

The Wise Investor Group

Baird

Reston, VA

Team: Greg Smith, Simon Hamilton,

Chris Aime, Chase Hinderstein, Ann

Summerson, Matthew Anderson,

David Mount

[email protected]

(866) 758-9473

thewiseinvestorgroup.com

$3b Total Assets

$500k Account Minimum

Participation in this section is only open to advisors who have been listed in our

editorial rankings. Advisors pay a fee to be included in this reprint. Participation in

this section has no bearing on the outcome of our rankings. Assets are tied to the

most recent ranking. For more information, visit barrons.com/guide.

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

P:72

S20 BARRON’S October 3, 2022

© 2022 Dow Jones & Company, Inc. All rights reserved. 4E5405

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

To reprint or license content, please contact Barron's reprints department at 800-843-0008 or www.djreprints.com

Create a Flipbook Now
Explore more