The Spokesman-Review (Spokane) : 2021-02-17

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THE SPOKESMAN-REVIEW • • A11 FEBRUARY 17, 2021 WEDNESDAY MONEY + MARKETS Interest Rates 3,960 14,200 S&P 500 Nasdaq composite Today NET CHG 1YR AGO TREASURIES LAST PVS Close: 3,932.59 Change: -2.24 (-0.1%) Close: 14,047.50 Change: -47.97 (-0.3%) 3,860 13,860 Homebuildi­ng bellwether 3-month T-bill 6-month T-bill 52-wk T-bill 2-year T-note 5-year T-note 10-year T-note 30-year T-bond .04 .04 ... 1.57 3,760 13,520 10 DAYS 10 DAYS A key measure of U.S. homebuilde­rs’ confidence in the housing market is due out today. The National Associatio­n of Home Builders/Wells Fargo Housing Market Index fell to 83 last month, its second drop in a row. Readings above 50 indicate positive sentiment about the housing market. Demand for new U.S. homes has been strong amid ultra-low mortgage rates and a tight supply of resale houses on the market. Economists expect this month’s builder sentiment index will be little changed at 82.5. .06 .05 +0.01 1.55 4,000 15,000 .08 .06 +0.02 1.47 14,000 .13 .11 +0.02 1.43 3,800 .57 .50 +0.07 1.41 The yield on the 10-year Treasury note rose to 1.29% Tuesday. Yields affect rates on mortgages and other consumer loans. 13,000 1.29 1.20 +0.09 1.58 3,600 2.09 2.01 +0.08 2.05 12,000 3,400 11,000 3,200 10,000 AS O N D JF AS O N D JF ••••••••••••••••••••••••••••••••••••••••• • • •• ••••••• • ••••• • • •••• • • • • • • • • • • • •• • • • • ••••••••••••• • • ••••• • • ••••• • • ••• • • • Stocks Recap 48 month new car loan Money market account 1 year CD $30K Home equity loan 30 year fixed mortgage 15 year fixed mortgage 4.02 4.02 4.02 4.26 HIGH LOW CLOSE CHG %CHG WK MO QTR YTD r 0.10 0.10 0.24 0.09 t DOW 31,608.63 DOW Trans. 13,272.76 DOW Util. 858.19 NYSE Comp. 15,483.20 NASDAQ 14,175.12 S&P 500 3,950.43 S&P 400 2,563.15 Wilshire 5000 42,290.82 Russell 2000 2,310.09 31,443.48 13,137.29 849.70 15,370.22 13,995.45 3,923.85 2,532.90 41,909.84 2,266.27 31,522.75 +64.35 13,180.74 +5.65 851.20 -5.90 15,423.02 +53.42 14,047.50 -47.97 3,932.59 -2.24 2,539.23 -5.32 42,030.02 -69.84 2,272.89 -16.47 +0.20% +0.04% -0.69% +0.35% -0.34% -0.06% -0.21% -0.17% -0.72% +2.99% +5.39% -1.55% +6.18% +8.99% +4.70% +10.08% +6.52% +15.09% s s s s s s t t t s s s s s s s s s s s s s s s t s s PRIME RATE FED FUNDS 0.36 0.34 0.45 0.35 t NYSE NASD 4.75 4.75 5.27 4.75 r .13 .13 1.63 3.25 3.25 4.75 LAST 6 MO AGO 1 YR AGO 6,651 6,469 1754 1554 514 6 Vol. (in mil.) Pvs. Volume Advanced Declined New Highs New Lows 4,355 3,473 1149 1366 304 1 2.82 2.90 3.06 2.94 s 2.34 2.38 2.64 2.39 s Commoditie­s FUELS CLOSE PVS %CHG %YTD Crude Oil (bbl) Ethanol (gal) Heating Oil (gal) Natural Gas (mm btu) Unleaded Gas (gal) 60.05 1.69 1.81 3.13 1.77 59.47 1.69 1.77 2.91 1.69 +0.98 ... +2.43 +7.45 +4.75 +23.8 +17.9 +22.3 +23.2 +24.5 Energy prices surged, with natural gas leaping over 7% and U.S. crude oil up 1%. The price of silver was flat and gold fell 1.3%. Classic toy bulwark METALS CLOSE PVS %CHG %YTD Gold (oz) Silver (oz) Platinum (oz) Copper (lb) Aluminum (lb) 1797.20 1821.60 27.32 27.32 1279.60 1259.00 3.85 3.80 $0.9430 $0.9414 -1.34 -0.01 +1.64 +1.21 -5.1 +3.8 +19.0 +9.5 Spotlight on retail Economists project that U.S. retailers’ sales improved in January after three monthly declines. They expect the Commerce Department will report today that retail sales rose 1% last month, the biggest gain since September. That would follow drops 0.7% in December, 1.4% in November and 0.1% in October. The string of monthly sales declines came about even as retailers rolled out holiday season sales months earlier than usual due to the coronaviru­s pandemic. After the pandemic-induced lockdowns boosted toy sales last year, key toymakers say they’re optimistic about another strong year. The toy business has been among the bright spots during the pandemic as parents look to keep their kids occupied. But they’re turning to classic toys like Barbies to get their kids — stuck on Zoom calls all day — using their imaginatio­n again. “Screen-free play has become really important for parents,” said Ali Mierzejews­ki, an editor at toy review site The Toy Insider. Still, not everyone is doing well. Toys R Us said last month it was closing its only two stores that opened in malls in November 2019 as part of a small U.S. comeback. And many other mall-based toy stores have suffered as shoppers shift more of their buying online. They’re getting further squeezed by discounter­s like Walmart, whose curbside pickup services have been popular. Overall, U.S. toy sales soared 16% to $25.1 billion last year compared to the previous year, when that figure fell 4.5%, says the NPD Group. Mattel Inc. and Hasbro Inc. said they’re poised for strong growth this year after reporting better-than-expected fourth-quarter sales. Mattel’s 10% increase to $1.63 billion in sales was fueled by dolls including Barbies. At Hasbro, board games helped to drive revenue up 4% to $1.72 billion for the quarter. AGRICULTUR­E CLOSE PVS %CHG %YTD Cattle (lb) 1.16 1.17 -0.90 +2.8 Coffee (lb) 1.26 1.23 +2.56 -1.6 Corn (bu) 5.52 5.39 +2.51 +14.1 Cotton (lb) 0.88 0.87 +0.97 +12.8 Lumber (1,000 bd ft) 994.00 988.30 +1.20 +13.6 Orange Juice (lb) 1.14 1.13 +0.84 -7.6 Soybeans (bu) 13.85 13.72 +0.93 +5.3 Wheat (bu) 6.58 6.37 +3.26 +2.7 (Previous and change figures reflect current contract.) Retail sales Northwest wheat seasonally adjusted percent change 2.0% 1.7 Portland exporter bids for wheat delivered to the Northwest coast in unit trains or barges. Prices in dollars per bushel. 1.4 1.5 est. 1.0 1.0 Soft white 0.5 U.S. annual toy sales figures in billions Building Games/ Outdoor/ puzzles sports Cash bid 7.2-7.4 7.2-7.4 Change unchanged unchanged -0.7 -1.4 -0.1 0.0 Total Action figures Feb. March Electronic­s -0.5 Change -4.5% 16.1% $2.5 Hard red winter (ordinary percent protein) -2.5 25.5 -0.7 32.2 $6 -1.9 28.6 $0.8 -27.9 1.8 9.2 -3.2 -1.0 Cash bid 7.38-7.48 Change up 0.21 $25 $2.0 $3 -1.5 Feb. A S O N D J 20 2.0 Hard red winter (11.5 percent protein) ’21 ’20 1.5 0.6 2 4 Cash bid 7.68-7.78 7.68-7.78 Change up 0.21 up 0.21 Source: FactSet 15 1.5 Feb. March 1.0 0.4 10 1.0 Manufactur­ing bellwether 1 2 Dark northern spring (14 percent protein) 0.5 0.2 5 0.5 The Federal Reserve delivers data today showing how industrial production fared last month. Economists expect industrial production rose 0.4% in January for a fourth-straight monthly gain. That would follow a gain of 1.6% in December, which saw monthly increases in manufactur­ing, mining production and utilities output, and a decline in production of motor vehicles. U.S. industry operated at 74.5% of capacity in December, still below the pre-pandemic rate of 76.9% a year ago. Cash bid 7.36-7.41 7.36-7.41 Change up 0.15 up 0.15 0 Feb. March 0.0 0 0.0 0 0.0 ’18 ’19 ’20 ’18 ’19 ’20 ’18 ’19 ’20 ’18 ’19 ’20 ’18 ’19 ’20 ’18 ’19 ’20 Source: USDA Market News, Portland Sources: The NPD Group/Retail Tracking Service Anne D’Innocenzio; J. Paschke • AP Commoditie­s Futures Pacific Northwest Stocks WHEAT Hard Red Spring Minneapoli­s Grain Exchange 5,000 bu minimum- cents per bushel Open High Low LUMBER Chicago Mercantile Exchange 110,000 bd. ft.- $ per 1,000 bd. ft. Open High Low 52-WK RANGE TICKER LO YTD 1YR CLOSE CHG %CHG WK MO QTR %CHG %RTN VOL CLOSE NAME HI P/E DIV (Thous) Settle Settle Mar 21 May 21 Jul 21 Sep 21 Dec 21 Mar 22 622.50 631.75 642.25 645.50 660 660 633.25 643 650.50 657.25 663 664 621 631 638.75 645.25 653 654.50 631.25 641.25 649 655.75 662.50 663.25 Mar 21 May 21 Jul 21 Sep 21 Nov 21 979.0 830.1 768.7 729.0 695.0 994.0 851.1 777.4 730.0 695.0 968.3 825.8 761.0 720.0 695.0 994.0 849.1 776.0 730.0 695.0 Agilent Tech Alaska Air Group Amazon.com Inc Avista Corp Bank of America Banner Corporatio­n Boeing Co Clearwater Paper Coeur Mining Costco Wholesale F5 Networks Inc Gen Dynamics Glacier Bcp HP Inc Hecla Mng Honeywell Intl Idacorp Inc Itron Inc Kaiser Aluminum Key Tronic Lithia Motors Inc LA Pacific Micron Tech Microsoft Corp Nordstrom Inc Paccar Inc PotlatchDe­ltic Corp Red Lion Hotels Starbucks Cp True Blue Inc Umpqua Holdings US Bancorp Washington Fedl Wells Fargo & Co Weyerhaeus­er 127.95 -.03 A 61.13 129.34 ... +8.0 +50.1 2129 cc 0.78f r s s 59.94 +2.38 66.31 +4.1 +15.3 -10.1 1647 17 1.50f ALK 20.02 s s s Industrial production 3268.95 -8.76 3552.25 -0.3 +0.4 +51.7 2562 96 ... AMZN1626.03 t s s seasonally adjusted, percent change GOLD N.Y. Commoditie­s Exchange 100 troy oz.- dollars per troy oz. Open High Low 38.49 -.30 53.00 -0.8 -4.1 -19.8 287 19 1.70f AVA 32.09 t t t WHEAT Soft Red Chicago Board of Trade 5,000 bu minimum- cents per bushel Open High Low 2.0% 34.27 +.90 35.08 +2.7 +13.1 -3.4 52640 18 0.72 BAC 17.95 s s s Settle 1.6 Settle Feb 21 Mar 21 Apr 21 Jun 21 Aug 21 Oct 21 1820.90 1825.00 1826.00 1828.00 1826.60 1830.00 1823.40 1787.30 1825.20 1787.60 1827.10 1788.10 1829.90 1791.60 1831.00 1793.50 1833.00 1798.80 1797.20 1797.90 1799.00 1801.90 1803.90 1805.40 1.5 51.02 +.62 54.47 +1.2 +9.5 -5.2 149 13 1.64 BANR 27.12 s t s Mar 21 May 21 Jul 21 Sep 21 Dec 21 Mar 22 648 651.50 639 637.25 643.25 647.50 660.25 664.25 649.25 646.75 651.50 655.50 640.50 644.50 633.75 633.25 638.25 643.25 657.50 661.50 646.75 644.75 649.75 654.25 1.0 217.18 +6.20 341.47 +2.9 +1.5 -38.2 10143 ... BA 89.00 s s s 1.0 0.7 est. 0.4 42.99 -1.16 45.81 -2.6 +13.9 +56.7 272 23 0.05p CLW 11.88 t s s 0.5 0.5 8.97 -.13 12.60 -1.4 -13.3 +46.4 4356 82 ... CDE 1.98 t s t SILVER N.Y. Commoditie­s Exchange 5,000 troy oz.- cents per troy oz. Open High Low -0.1 WHEAT Hard Red Winter Kansas City Board of Trade 5,000 bu minimum- cents per bushel Open High Low 354.00 +1.25 393.15 +0.4 -6.0 +17.5 1827 50 2.80f COST 271.28 0.0 s t t Settle 208.35 -2.27 211.01 -1.1 +18.4 +63.6 669 43 ... FFIV 79.78 t s s Settle Feb 21 Mar 21 Apr 21 May 21 Jul 21 Sep 21 2751.0 2749.0 2752.0 2750.5 2759.5 2769.5 2751.0 2807.5 2800.5 2810.5 2809.5 2807.0 2706.0 2687.0 2690.0 2691.0 2698.0 2723.5 2731.9 2732.5 2734.1 2736.8 2737.4 2736.9 -0.5 A S O N D J Mar 21 May 21 Jul 21 Sep 21 Dec 21 Mar 22 628.75 634.25 636.50 640.75 646.75 660 639.50 645.25 647.25 650.25 656 660 625 630.75 633.50 637.75 644.50 653.25 637.50 643.25 645.25 649 654.75 659.50 163.32 -1.51 188.73 -0.9 +9.7 -10.2 1361 15 4.40 GD 100.55 t s s ’20 ’21 51.76 +.37 52.93 +0.7 +12.5 +20.1 164 25 1.20f GBCI 26.66 s s s Source: FactSet 27.16 -.33 27.55 -1.2 +10.5 +26.4 6381 8 0.78f HPQ 12.54 t s s AP 6.13 -.04 8.45 -0.6 -5.4 +92.9 7863 dd 0.01e HL 1.40 t s t 1YR AGO 203.44 -.13 216.70 -0.1 -4.4 +14.9 2283 30 3.72 HON 101.08 t t t Foreign MAJORS CLOSE CHG %CHG 86.68 +.19 113.58 +0.2 -9.7 -19.0 219 21 2.84f IDA 69.05 s t t Exchange Fund Focus g USD per British Pound Canadian Dollar USD per Euro Japanese Yen Mexican Peso 1.3910 1.2679 1.2115 105.90 20.1658 +.0002 +.01% +.0042 +.33% -.0016 -.13% +.54 +.51% +.2133 +1.06% 1.3031 1.3252 1.0842 109.76 18.5701 103.90 +.22 108.89 +0.2 +8.3 +20.6 342 93 ... ITRI 40.48 s s s Since this fund abandoned its corporate credit bias for a multisecto­r style it’s “demonstrat­ed strength and discipline,” though its portfolio is riskier than peers, Morningsta­r says. The U.S. dollar weakened versus the British pound, but strengthen­ed against the Japanese yen and the euro. The dollar also gained versus the Mexican 110.90 +2.28 112.00 +2.1 +12.1 +4.0 94 19 2.88f KALU 50.49 s s s 7.84 +.03 10.48 +0.4 +13.6 +32.8 149 15 ... KTCC 2.51 s s s 373.38 -9.20 392.60 -2.4 +27.6 +167.7 210 46 1.24f LAD 55.74 t s s EUROPE/AFRICA/MIDDLE EAST 43.84 +.32 43.59 +0.7 +17.9 +29.8 1414 18 0.58f LPX 12.97 s s s Israeli Shekel Norwegian Krone South African Rand Swedish Krona Swiss Franc 3.2388 8.4286 14.6579 8.2883 .8919 -.0041 -.13% +.0366 +.43% +.1931 +1.32% +.0068 +.08% +.0015 +.17% 3.4271 9.2548 14.9161 9.7143 .9819 87.74 -.27 88.32 -0.3 +16.7 +51.1 10302 ... MU 31.13 t s s 243.70 -1.29 Columbia Total Return Bond (SRBFX) 245.92 -0.5 +9.6 +33.7 26483 39 2.24 MSFT 132.52 t s s 36.08 +1.23 42.22 +3.5 +15.6 -9.4 3451 15 ... JWN 11.72 s t s ASIA/PACIFIC 97.13 -.87 103.19 -0.9 +12.6 +32.9 1569 14 1.28a PCAR 49.11 t s s Australian Dollar Chinese Yuan Hong Kong Dollar Indian Rupee Singapore Dollar South Korean Won Taiwan Dollar 1.2883 6.4581 7.7525 72.897 1.3268 1107.42 28.02 +.0036 -.0001 -.0004 +.262 +.0040 +4.28 -.00 +.28% -.00% -.01% +.36% +.30% +.39% -.00% 1.4903 6.9871 7.7676 71.585 1.3926 1184.12 30.03 53.66 -.21 54.30 -0.4 +7.3 +36.1 479 46 1.64f PCH 22.40 t s s 3.43 +.01 3.48 +0.3 -0.9 +25.7 93 dd ... RLH 1.16 s t t 106.15 +.85 107.75 +0.8 -0.8 +22.4 4925 47 1.64f SBUX 50.02 s s t 19.65 +.09 21.74 +0.5 +5.1 +18.8 225 ... TBI 12.02 s s s 16.49 +.33 18.12 +2.0 +8.9 -4.1 1541 11 0.84 UMPQ 8.88 s t s 48.65 +1.01 55.23 +2.1 +4.4 -10.9 5602 11 1.68 USB 28.36 s s s Global Markets 29.89 +.06 35.18 +0.2 +16.1 -10.8 1331 12 0.92f WAFD 20.01 s s s 34.79 +1.26 48.12 +3.8 +15.3 -30.1 36308 85 0.40m WFC 20.76 s s s INDEX LAST CHG CHG WK MO QTR YTD 34.89 -.15 35.23 -0.4 +4.1 +20.3 4276 33 0.68 WY 13.10 S&P 500 Frankfurt DAX London FTSE 100 Hong Kong Hang Seng Paris CAC-40 Tokyo Nikkei 225 3932.59 -2.24 14064.60 -44.88 6748.86 -7.25 30746.66 +573.09 5786.53 +0.28 30467.75 +947.68 -0.06% -0.32% -0.11% +1.90% ...% +3.21% +4.70% +2.52% +4.46% +12.91% +4.24% +11.02% t s s s s s s s s s s s s s s s s s s s s Dividend Footnotes: a - Extra dividends were paid, but are not included. b - Annual rate plus stock. c - Liquidatin­g dividend. e - Amount declared or paid in last 12 months. f - Current annual rate, which was increased by most recent dividend announceme­nt. i - Sum of dividends paid after stock split, no regular rate. j - Sum of dividends paid this year. Most recent dividend was omitted or deferred. k - Declared or paid this year, a cumulative issue with dividends in arrears. m - Current annual rate, which was decreased by most recent dividend announceme­nt. p - Initial dividend, annual rate not known, yield not shown. r - Declared or paid in preceding 12 months plus stock dividend. t - Paid in stock, approximat­e cash value on ex-distributi­on date. q - Stock is a closed-end fund - no P/E ratio shown. cc - P/E exceeds 99. dd - Loss in last 12 months. PE Footnotes: CATEGORY: INT. CORE-PLUS BOND Mining optimism SOUTH AMERICA/CANADA MORNINGSTA­R RATING™ ASSETS EXP RATIO MIN. INIT. INVEST. PERCENT LOAD Company Spotlight +0.47% +1.43% -0.14% +6.08% Buenos Aires Merval Mexico S&P/BMV IPC Sao Paolo Bovespa Toronto S&P/TSX 51466.22 44698.59 119105.98 18492.50 -188.36 +541.10 -82.18 +32.29 -0.36% +1.23% -0.07% +0.17% t s s t t s t t s s s s $912 million .49% $2,000 N/L the previous year. The company said it expects similar revenue growth this year. Palantir Technologi­es CEO Alexander Karp said the company was more focused on long-term growth than “the day-to-day, quarter-to-quarter, near-term focus that quite frankly destroys businesses.” Palantir, founded in 2003 by investors including Peter Thiel, the PayPal co-founder, went public in 2020 without ever having turned a profit. Palantir shares fell 12.75% on Monday. Shares in Palantir had their worst day of the year after the data mining software company reported an unexpected fourth-quarter loss. Denver-based Palantir lost $156.6 million in the period, or 8 cents per share, despite a 40% increase in year-over-year revenue. Wall Street analysts were expecting earnings of 2 cents per share. Palantir, whose clients include U.S. government intelligen­ce and military agencies as well as commercial businesses, reported revenue of $1.1 billion for 2020, up 47% over EUROPE/AFRICA Amsterdam Brussels Madrid Zurich Milan Johannesbu­rg Stockholm 687.43 +2.25 3855.51 -7.90 817.72 -4.54 10907.60 -33.39 23440.81 -163.50 67227.07 +102.23 2038.07 -1.22 +0.33% -0.20% -0.55% -0.31% -0.69% +0.15% -0.06% +10.06% +6.47% +1.58% +1.91% +5.43% +13.16% +8.71% s s s s s s s t s s s s s s s s s s s s s HISTORICAL RETURNS Return/Rank YEAR-TO-DATE 1-YEAR 3-YEAR 5-YEAR +0.1 +10.4/A +7.8/A +5.9/A Alexander Karp ASIA 3 and 5-year returns are annualized. Rank: Palantir (PLTR) Seoul Composite Singapore Straits Times Sydney All Ordinaries Taipei Taiex Shanghai Composite 3163.25 2935.34 7189.30 15824.24 3655.09 +16.25 +3.82 ... +118.02 +51.60 +0.52% +0.13% ...% +0.75% +1.43% +10.08% +3.22% +4.94% +7.55% +5.24% Total return PLTR YTD 3-mo 6-mo $27.84, -4.07 s s s r t s s s s r t s s s s Monday’s close: Fund’s letter grade compared with others in the same group; an A indicates fund performed in the top 20 percent; an E, in the bottom 20 percent. 18.2% 74.8 193.1 52- WEEK RANGE Lost money Price-earnings ratio: $9 $45 Market value: $55.6 billion (Based on past 12-month results) AP Source: FactSet BUFFETT WASH to its relatively new holdings in drugmakers Bristol Myers Squibb, Abbvie and Merck. Those were all first disclosed last fall. Berkshire also increased its investment in Kroger, so its stake in the grocery giant is now worth just over $1 billion. Buffett’s company slashed its holdings in Wells Fargo even further in the fourth quarter, down to 52 million shares from what was once a 10% stake in the bank. four additional buildings. Mister Car Wash acquired seven Bush Car Wash stores last year in Kennewick, Walla Walla, Pasco, Richland and West Richland, bringing its total to 14 locations in the Washington. Mister Car Wash operates 343 locations nationwide. Berkshire also eliminated investment­s in JP Morgan Chase, M&T Bank and Barrick Gold. In addition to investment­s, the Omaha, Nebraska-based Berkshire owns more than 90 companies outright, including BNSF railroad, Geico insurance and several major utilities. The conglomera­te also owns manufactur­ing, furniture, shoe, jewelry, chocolate, underwear and brick companies. Continued from 10 Continued from 10 velopment was the project contractor. Bush Car Wash owner Tim Bush filed an applicatio­n with the city in 2019 to divide the more than 4-acre site in Airway Heights into seven parcels of land for commercial developmen­t that will include For the second quarter in a row, Berkshire reduced its giant investment in Apple, but the tech giant remains Berkshire’s largest holding worth roughly $109 billion. Berkshire still holds 944 million shares of the iPhone maker. In addition to the three new investment­s, Berkshire also added Amy Edelen can be reached at (509) 459-5581 or at amye@ spokesman.com.