1.4.17

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MARKET WATCH

01.04.2017 • WEdnEsday • M 1

sT. LOUIs POsT-dIsPaTCH • A11

TRACK YOUR STOCKS AND GET THE LATEST NEWS • STLTODAY.COM /BUSINESS U.S. stocks broke a three-day losing streak Tuesday and ushered in the New Year with broad gains. Energy companies, banks and technology companies made some of the largest gains and lower-risk investments like utility companies lagged the rest of the market.

Southwestern Energy

Ford

FCAU

Close: $9.55 0.43 or 4.7% The automaker is partnering with Google to develop a connected car system.

15

8

10 5

O N 52-week range

20,000

Dow Jones industrials

19,840

Close: 19,881.76 Change: 119.16 (0.6%)

D

D $9.64

130 120

$11.02

$14.22

S&P 500

2,240

Close: 2,257.83 Change: 19.00 (0.8%)

CHICAGO BOT

Corn Soybeans

10 DAYS

Wheat

CLOSE

CHG

Mar 17 Jan 17 Mar 17

355.75 986.75 406.50

+3.75 -9.75 -1.50

CHICAGO MERC

DATE

CLOSE

CHG

2,250

Feeder cattle

19,000

2,200

Live cattle

2,150

Milk

18,000

2,100

130.20 114.87 63.50 17.39 248.10

-.25 -1.18 -2.65

18,500

Jan 17 Feb 17 Feb 17 Dec 16 Jan 17

Copper ICE

A

S

N

2,050

D

J

A

S

O

N

DATE

CLOSE

CHG

71.78 137.40 29.00

+1.13 +.35 -.25

NEW YORK

DATE

CLOSE

CHG

Crude oil

Feb 17 Feb 17 Feb 17 Feb 17

52.33 1.6218 167.67 3.327

-1.39 -.0491 -5.15 -.397

Cotton

NYSE

NASD

3,633 2,587 2283 735 149 7

1,819 1,483 1822 1024 130 26

DOW DOW Trans. DOW Util. NYSE Comp. NASDAQ S&P 500 S&P 400 Wilshire 5000 Russell 2000

HIGH 19938.53 9170.17 660.03 11176.91 5452.57 2263.88 1680.29 23692.34 1375.08

LOW 19775.93 8980.34 653.04 11094.29 5397.99 2245.26 1659.04 23479.42 1355.39

CLOSE 19881.76 9023.86 657.32 11154.35 5429.08 2257.83 1669.90 23614.73 1365.49

CHG. +119.16 -20.04 -2.29 +97.46 +45.96 +19.00 +9.32 +188.87 +8.36

%CHG. WK +0.60% t -0.22% t -0.35% t +0.88% s +0.85% t +0.85% t +0.56% t +0.81% t +0.62% t

YTD +0.60% -0.22% -0.35% +0.88% +0.85% +0.85% +0.56% +0.81% +0.62%

Sugar

MO QTR s s t s s s s s s s s s s s s s s s

Gas blend Heating oil Natural gas

52-WK LO HI

YTD% 1YR% CLOSE CHG %CHG CHG RTN P/E DIV NAME

TKR

AT&T Inc Aegion Corp Amdocs Ameren Corp American Railcar ABInBev Arch Coal Bank of America Belden Inc Boeing Build-A-Bear Wkshp Caleres Inc. Cass Info. Systems Centene Corp. Charter Citigroup Commerce Banc. Edgewell Emerson Energizer Holdings Enterprise Financial Esco Technologies Express Scripts Foresight Energy FutureFuel General Motors Home Depot Huttig Building Prod Isle of Capri LMI Aerospace Lee Ent

T 33.43 43.89 43.02 +.49 +1.2 AEGN 16.00 26.14 24.04 +.34 +1.4 DOX 50.06 61.33 58.19 -.06 -0.1 AEE 41.50 54.08 52.38 -.08 -0.2 ARII 35.43 51.10 45.80 +.51 +1.1 BUD 98.28 136.08 104.54 -.90 -0.9 ARCH 59.05 86.47 74.99 -3.06 -3.9 BAC 10.99 23.39 22.53 +.43 +1.9 BDC 36.51 81.33 76.73 +1.96 +2.6 BA 102.10 160.07 156.97 +1.29 +0.8 BBW 10.01 15.85 14.35 +.60 +4.4 CAL 21.27 36.61 32.61 -.21 -0.6 CASS 45.05 74.83 73.12 -.45 -0.6 CNC 47.36 75.57 58.31 +1.80 +3.2 CHTR 214.06 294.87 285.77 -2.15 -0.7 C 34.52 61.30 60.59 +1.16 +2.0 CBSH 35.66 59.22 57.65 -.16 -0.3 EPC 67.94 88.00 75.00 +2.01 +2.8 EMR 41.25 58.28 56.95 +1.20 +2.2 ENR 28.86 53.41 46.01 +1.40 +3.1 EFSC 25.01 43.65 42.65 -.35 -0.8 ESE 31.50 58.75 57.35 +.70 +1.2 ESRX 64.46 87.87 69.40 +.61 +0.9 FELP 1.07 8.33 6.75 +.28 +4.3 FF 9.77 16.58 13.95 +.05 +0.4 GM 26.69 37.74 35.15 +.31 +0.9 HD 109.62 139.00 134.31 +.23 +0.2 HBP 3.01 7.00 6.48 -.13 -2.0 ISLE 10.62 24.79 24.83 +.14 +0.6 LMIA 7.01 10.21 8.80 +.18 +2.1 LEE 1.15 3.92 2.85 -.05 -1.7

+1.2 +28.0 17 +1.4 +20.4 29 -0.1 +6.8 16 -0.2 +23.1 20 +1.1 +0.3 10 -0.9 -13.2 -3.9+8318.7 +1.9 +31.1 18 +2.6 +54.7 14 +0.8 +9.3 21 +4.4 +11.3 21 -0.6 +21.8 17 -0.6 +41.8 35 +3.2 -14.8 14 -0.7 +41.3 +2.0 +14.4 17 -0.3 +42.9 22 +2.8 -7.6 28 +2.2 +18.8 22 +3.1 +30.9 21 -0.8 +49.5 20 +1.2 +54.4 28 +0.9 -21.7 14 +4.3+122.3 dd +0.4 +20.0 9 +0.9 +5.9 6 +0.2 +2.6 22 -2.0 +88.3 5 +0.6 +78.8 15 +2.1 -15.2 dd -1.7 +80.1 8

1.96f ... 0.78 1.70 1.60 3.19e ... 0.30f 0.20 5.68f ... 0.28 0.92f ... ... 0.64 0.90b ... 1.92f 1.10f 0.44 0.32 ... 0.68m 0.24a 1.52 2.76 ... ... ... ...

TKR

52-WK LO HI

83.65 70.95

Mallinckrodt plc

MNK

48.61

85.83 51.73 +1.91 +3.8

MasterCard

MA

78.52 108.93 105.39 +2.14 +2.1

McDonald’s

MCD

110.33 131.96 119.62 -2.10 -1.7

Monsanto Co

MON

83.73 114.26 105.31 +.10 +0.1

+0.1 +8.6 23

2.16

Olin

OLN

12.29

26.93 25.98 +.37 +1.4

+1.4 +50.1 37

0.80

Panera Bread

PNRA 178.99 224.15 203.55 -1.54 -0.8

-0.8 +5.1 34

...

Peak Resorts

SKIS

2.60

Perficient

PRFT

Post Holdings

POST RGA

-0.2

-5.8 19

+3.8 -34.3

-1.7 +4.9 23 3.76f

-2.7

-7.0 dd

0.55

14.15

22.66 17.70 +.21 +1.2

+1.2

-0.4 22

...

50.93

89.00 81.95 +1.56 +1.9

+1.9 +29.6 74

...

76.96 129.28 124.50 -1.33 -1.1 3.84

55.37

4.43

-.21 -4.5

71.21 64.35

-.20 -0.3

Stifel Financial

SF

25.00

52.88 49.93

-.02

Supervalu Inc.

SVU

3.94

Target Corp.

TGT

65.50

UPS B

UPS

87.30 120.44 115.08 +.44 +0.4

US Bancorp

USB

37.07

52.68 51.46 +.09 +0.2

+0.2 +21.9 16 1.12f

US Steel

X

6.15

39.14 34.71 +1.70 +5.1

+5.1+308.0 dd

6.17

4.65

-.02 -0.4

84.14 72.75 +.52 +0.7

-0.3 +9.1 19 2.10f ... +15.4 20 -0.4 -31.0

7

...

Tesla stores closed, at least temporarily • Embroiled in a legal dispute over its direct-toconsumer business model, Tesla closed all three of its Missouri stores over the holiday weekend after its licenses to sell cars in the state expired. Tesla’s irst Missouri location, in University City, opened in 2013, followed by two stores in the Kansas City area. All three stores, which employ between 10 and 25 people each, closed Sunday, a Tesla spokesperson said. The closures may be temporary, however. The Palo Alto, Calif.-based electric automaker has requested that the Missouri Court of Appeals allow it to continue to sell cars in Missouri while it appeals a lower court’s ruling. The Court of Appeals may rule on granting Tesla’s request for a stay on Wednesday, the company said. The Missouri Auto Dealers Association sued the Missouri Department of Revenue in 2015, alleging Tesla’s direct-toconsumer model violates state law. A Cole County judge sided with the trade association in August, ruling that Tesla is not a franchisee and its motor vehicle dealer licenses should not be renewed by the state.

+0.4 +21.3 20

3.12

0.20

VZ

43.79

56.95 54.58 +1.20 +2.2

WMT

60.20

75.19 68.66

Walgreen Boots

WBA

71.50

88.00 82.96 +.20 +0.2

+0.2

-2.5 19

1.50

Wells Fargo

WFC

43.55

58.02 56.00 +.89 +1.6

+1.6 +3.2 14

1.52

World Point Term.

WPT

11.80

17.65 16.61 +.06 +0.4

+0.4 +29.7 16

1.20

Delek acquires rest of Alon USA • Reiner Delek U.S. Holdings Inc. said Tuesday it has agreed to buy the shares of Alon USA Energy Inc. that it does not already own for $464 million. The combined company, with an enterprise value of about $2.8 billion, will focus on the Permian Basin in Texas with its reining system having access to about 207,000 barrels per day or 69 percent of Permian crude. Delek is ofering 0.504 of its shares for each outstanding share of Alon USA, valuing the company at roughly $868 million. The deal is expected to close in the irst half of 2017. From staf and wire reports

3.75 3.50 3.50

NET CHG

1YR AGO

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

.52 .64 .88 1.22 1.94 2.45 3.05

+0.02 +0.03 +0.07 +0.02 +0.02 +0.02 -0.02

.14 .48 .61 1.05 1.76 2.27 3.02

NET 1YR LAST CHG AGO

.63 .38 .38

AP Muni Bond Idx

2.69 -0.04

...

Barclays Glob Agg Bd

1.61

...

...

Barclays USAggregate

2.65

... 2.62

Barclays US High Yield 6.10

... 8.76

Moodys AAA Corp Idx

4.00 -0.01 4.03

Barclays US Corp

3.40

10-Yr. TIPS

... 3.70

.46 -0.01

.72

+0.7 +1.3 13 2.40f

Verizon

-.46 -0.7

YEST 6 MO AGO 1 YR AGO

LAST

...

WalMart

Seat belt failures prompt probe • U.S. safety regulators are investigating complaints that the front passenger seat belts can fail in about 313,000 Hyundai midsize cars. The investigation posted Tuesday by the National Highway Traic Safety Administration covers the Hyundai Sonata from the 2013 model year. The agency says it has two complaints that the seat belts detached. One injury was reported due to the problem. The investigation will determine whether a recall is needed.

+10.40 +.42 +37.70

TREASURIES

BONDS

PRIME FED RATE FUNDS

...

57.10

...

The yield on the 10-year Treasury rose to 2.45 percent on Tuesday. Yields affect rates on mortgages and other consumer loans.

-1.1 +46.6 13 1.64f -4.5 +22.8

SR

Factory activity hits 2016 high in December • U.S. manufacturing activity expanded for the fourth straight month in December, as new orders and production jumped in a positive sign for economic growth. The Institute for Supply Management says its manufacturing index came in at 54.7 last month, up from 53.2 in November and the highest reading of 2016. Anything over 50 signals growth. U.S. factories are steadily rebounding from a rough patch hit in late 2015 and early 2016. The decline in energy prices caused cutbacks in orders for equipment and pipelines, while a stronger dollar and slower economic growth abroad hurt exports. The ISM manufacturing index has topped 50 for nine of the last 10 months.

Silver

...

+2.1 +5.2 31 0.88f

+2.2 +19.0 15 2.31f -0.7 +15.3 15 2.00f

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. PE Footnotes: q - Stock is a closed-end fund - no P/E ratio shown. cc - P/E exceeds 99. dd - Loss in last 12 months.

Construction spending up in November • U.S. builders boosted spending on construction projects for a second straight month in November, pushing activity to the highest level in more than a decade. Construction spending rose 0.9 percent in November after a 0.6 percent increase in October, the Commerce Department reported Tuesday. The increase relected solid gains in home construction, nonresidential building and government construction activity. The gains in all three categories pushed total construction to a seasonally adjusted annual rate of $1.18 trillion, the highest point since April 2006 when a housing boom fueled building. Economists believe construction will continue to show gains in 2017, relecting a strong job market with unemployment at the lowest point in nine years.

CHG

CLOSE

1160.40 16.36 939.30

Gold

1.40

-.15 -2.7

6.20

5.40

-.17 -0.2

Spire Inc

BUSINESS DIGEST

PreciousMetals NEW YORK

YTD% 1YR% CLOSE CHG %CHG CHG RTN P/E DIV

62.62

RELV

.0631 .7185 .3062 1.2286 .7443 .1439 1.0460 .0147 .2595 .008503 .048207 .0163 .0730 .000835 .9769

Interestrates Interestrates

LOW

ReinsGrp

PREV

.0627 .7220 .3065 1.2236 .7446 .1438 1.0410 .0146 .2587 .008498 .047381 .0164 .0723 .000828 .9735

Platinum

Lowes

Reliv

Argentina Australia Brazil Britain Canada China Euro India Israel Japan Mexico Russia So. Africa So. Korea Switzerland

Chicago BOT is in cents.

Stocks of Local Interest NAME

FOREIGN CURRENCY IN DOLLARS CLOSE

-1.65

Mar 17 Mar 17 Mar 17

D

Coffee

StocksRecap Vol. (in mil.) Pvs. Volume Advanced Declined New Highs New Lows

O

PE: 45.1 Yield: ...

ExchangeRates

DATE

19,500

Hogs

D $133.50

Vol.: 20.6m (0.9x avg.) Mkt. Cap: $273.55 b

Futures

2,280

O N 52-week range

$89.37

Vol.: 40.5m (1.2x avg.) PE: 7.0 Mkt. Cap: $49.14 b Yield: 4.8%

2,300

J

110

D

20,000

17,500

$140

12 O N 52-week range

FB

Close: $116.86 1.81 or 1.6% Technology stocks did better than the rest of the market on Tuesday.

13 11

Vol.: 8.8m (0.9x avg.) PE: ... Mkt. Cap: $14.59 b Yield: 0.1%

PE: ... Yield: ...

2,200

10 DAYS

O N 52-week range

$5.45

$15.59

Vol.: 23.4m (1.4x avg.) Mkt. Cap: $4.94 b

Charts show stocks that made the news yesterday.

6

Facebook

F

Close: $12.59 0.46 or 3.8% The car maker said it cancelled plans for a $1.6 billion factory in Mexico and will instead invest in a U.S. factory. $14

$10

$20

$5.30

19,680

Fiat Chrysler

SWN

Close: $9.97 -0.85 or -7.9% Natural gas companies fell as futures for that fuel plunged.

GlobalMarkets INDEX S&P 500 Frankfurt DAX London FTSE 100 Hong Kong Hang Seng Paris CAC-40 Mexico City Bolsa Tokyo Nikkei 225 Sao Paolo Bovespa Toronto Zurich

LAST 2257.83 11584.24 7177.89 22150.40 4899.33 46123.36 19114.37 61813.83 15403.03 8316.18

CHG

CHG

YTD

+19.00 -14.09 +35.06 +149.84 +16.95 +428.26 -30.77 +2225.13 +115.44 +96.31

+0.85% -0.12% +0.49% +0.68% +0.35% +0.94% -0.16% +3.73% +0.76% +1.17%

+0.85% +0.90% +0.49% +0.68% +0.76% +1.05% ...% +2.63% +0.76% +1.17%

Icahn to give up Trump Taj Mahal casino license, with conditions BY WAYNE PARRY associated Press

ATLANTIC CITY, N.J. • Billionaire investor Carl Icahn plans to surrender the casino license for his shuttered Trump Taj Mahal casino and wants to make sure that anyone who buys it can’t use it as a casino. New Jersey gambling regulators revealed Tuesday that the casino petitioned the state Division of Gaming Enforcement on Dec. 22 for permission to surrender the license. The company also filed a deed restriction last month in state Superior Court prohibiting any future purchaser from using the premises as a casino — unless he or she pays an unspecified fee. The moves seem to undercut a suspicion among former Taj Mahal workers that Icahn plans to reopen the casino in the spring, with or without a union

contract. It closed Oct. 10 after a 3½-month strike by Local 54 of the Unite-HERE casino workers union, which wanted its health insurance and pension benefits that were terminated in bankruptcy court restored. In its request for permission to surrender its casino and liquor licenses, Icahn’s Trump Taj Mahal Associates says it complied with state requirements on securing unopened liquor, gambling equipment and business records; made provisions to pay off unclaimed casino winnings; and reduced its security staffing to “warehouse mode.” The future of the Taj Mahal, which President-elect Donald Trump opened in 1990 but lost control of in a casino bankruptcy, has been a hotly debated topic in Atlantic City, particularly as the seven surviving casinos are slowly seeing their businesses stabilize with less local competi-

tion. Since 2014, five casinos have shut down — The Atlantic Club, the Showboat (which reopened last year as a non-casino hotel), Revel (which plans to reopen this spring under the name Ten), Trump Plaza and the Taj Mahal. The New Jersey legislature last month passed a bill intended to punish Icahn for closing the Taj Mahal. It would strip the casino license for five years from any owner who shut down an Atlantic City casino after January 2016, meaning it would only apply to Icahn at this point. Republican Gov. Chris Christie has not indicated whether he will sign or veto the measure. Deed restrictions applied to each of those casinos, though Showboat purchaser Bart Blatstein was able to work out a deal with Icahn to resolve his company’s deed restriction on the Showboat’s use.

U.S. malls saw more holiday traic in 2016 Stores beneited, but so did cinemas and restaurants CHICAGO TRIBUNE

An overwhelming majority of Americans made at least one trip to the mall this holiday season, but that doesn’t mean they were all shopping. Of the 70 percent of U.S. adults who went to a mall or shopping center during the holidays, slightly more than a quarter of them skipped the stores, according to a survey by the International Council of Shopping Centers. Nearly half of people who went to a mall said they went to a restaurant and 26 percent said they went to a movie, the council said in a news release Tuesday. Online shopping can be more

CRISTINA M. FLETES • P-d

Jane Shields, of St. Louis, inquires about the price of an item at Geranium in West County Center on Dec. 26.

convenient than trekking to the mall, and traditional department-store anchors aren’t the draw they once were. Many malls have been adding entertainment options to keep people coming back, from upscale bowling alleys and movie theaters to high-tech takes on the traditional Christmas photo with Santa, such as a virtual North Pole sleigh ride.

Millennials spent the largest share of their total shoppingcenter holiday spending on experiences, about 25 percent, compared with about 20 percent for consumers overall, the council said. But consumers also spent more on gifts. Shoppers this year spent an average of $711 on gifts and other holiday items such as decorations, up about 16 percent over last year, according to the survey. It was also about 4 percent more than they said they planned to spend in a survey conducted earlier this season. “Consumer confidence continued to improve into December, and we saw this optimism reflected in the holiday spending numbers,” Tom McGee, the council’s president and CEO, said in the news release. “The strong holiday shopping season suggests a positive environment for retail sales overall.”