About The times. (Gainesville, Ga.) 1972-current | View Entire Issue (Feb. 19, 2020)
Nate McCullough | News Editor 770-718-3431 | news@gainesvilletimes.com The Times, Gainesville, Georgia Wednesday, February 19, 2020 BUSINESS Good news for small shops AIMEE DILGER I Associated Press Tony Bonczewski repairs a heel on a customer’s shoe at his cobbler shop, Jan. 29, in Wilkes-Barre, Pa. Small business owners have received some upbeat news on the economy this month. Retail sales figures released Friday showed that consumers were inspired by unseasonably warm weather to spend on their homes in January, but that overall sales growth was modest. Customers inspired by warm weather to spend on homes BY JOYCE M. ROSENBERG Associated Press RICHARD DREW I Associated Press Trader Edward Curran works on the floor of the New York Stock Exchange, Tuesday, Feb. 18. Stocks fall over Apple’s Q2 warning BY ALEX VEIGA Associated Press U.S. stock indexes closed with mostly modest losses Tuesday as the market gave up some of its solid gains from the past two weeks. Banks and technology stocks accounted for most of the decline. The Nasdaq eked out a tiny gain that was good enough to nudge it to another record high. The selling, which lost some of its momentum in the final hour of trading, came as investors weighed the impact of the virus outbreak in China on Apple and other major companies. The tech giant said revenue will fall short of previous forecasts in the fiscal second quarter because production has been curtailed and con sumer demand for iPhones has slowed in China. Apple’s stores there are either closed or operat ing on reduced hours. The iPhone maker is among the most notable companies to warn investors that the virus will hurt its financial performance. Medical device maker Medtronic also warned Tuesday that the virus outbreak will impact its quarterly results. “The longer this goes on, the greater the focus is going to be on how much is this going to impact companies like Apple, which is considered not only a bellwether in tech, but a bellwether for the market overall,” said Randy Frederick, vice president of trading & derivatives at Charles Schwab. The S&P 500 index fell 9.87 points, or 0.3%, to 3,370.29. The benchmark index remains just below its all-time high set on Friday. The Dow Jones Industrial Average slid 165.89 points, or 0.6%, to 29,232.19. It had been down as many as 281 points. The Nasdaq recovered from an early slide, inching up 1.57 points, or less than 0.1%, to 9,732.74. The Russell 2000 index of smaller company stocks fell 4.06 points, or 0.2%, to 1,683.52. European and Asian markets declined. Bond prices rose. The yield on the 10-year Treasury fell to 1.56% from 1.58% late Friday. Stocks opened lower Tuesday as U.S. markets reopened following the President’s Day holiday. As in recent weeks, traders reacted to the latest developments in the viral outbreak that began in China and has since infected more than 73,000 people. Businesses worldwide are increasingly caught in the economic fallout from the out break. The Beijing auto show, the industry’s big gest global event of the year, is being postponed indefinitely from its April date. Small business owners have received some upbeat news on the economy this month. Retail sales figures released Friday showed that consumers were inspired by unseasonably warm weather to spend on their homes in January, but that over all sales growth was modest. The Com merce Department reported a 0.3% gain last month following a 0.2% gain in December. Although economists called the report disappointing, they noted that more con sumers are working, a good omen for higher retail sales in the coming months. January employment reports from the Labor Department and payroll processor ADP showed strong job growth at compa nies of all sizes. The ADP report also showed that small businesses are joining larger companies in stepping up their hiring. ADP’s busi ness customers with up to 49 staffers added 94,000 jobs in January after cre ating 66,000 positions in December. The two-month showing was a big improve ment over the nearly 31,600 new jobs ADP counted on average each month in 2019. In 2018, the monthly average was 52,000. Nearly a third of the new jobs in the January count were at manufacturers, ADP said. Business owners may be ready to take more risks after curtailing their hiring last year, and manufacturers who were being squeezed by the Trump administration’s trade tariffs are likely feeling more optimistic after the U.S. and China signed a truce agreement. Owners held back amid uncertainty about the economy last year, and a tight labor mar ket made it hard for many owners to find qualified job candidates. The coronavirus that has infected more than 73,000 people globally could hurt many small businesses if the outbreak is prolonged. Some small companies have reported they’ve lost business because of the outbreak. And others are struggling to find components for manufacturing and merchandise for stores because factories in China were shut, first because of the weeks-long Lunar New Year holiday and then due to the virus. Meet community business owners at Thursday’s expo The Greater Hall Chamber of Commerce will highlight local businesses Thursday, Feb. 20 at its annual Business Expo. The day at Lanier Technical College will start at 11:30 a.m. with a luncheon, where attend ees will hear from Bobby Shoemaker, franchisee opera tor of Gainesville’s Chick-fil-A locations. Shoemaker, who began his Chick-fil-A career as a teenager, will speak about how the company reaches out to its guests and community and develops leaders. The lun cheon is sold out, according to the Chamber website. Then, from 1 to 6 p.m., more than 60 local businesses will be at the expo to network and dis cuss their products. The expo is free and open to the public. The final event, which is from 4 to 6 p.m. and also at Lanier Tech, is A Taste of Gainesville, a networking event with several local res taurants serving special menu items. For a $5 entry fee, peo ple can try food from 2 Dog Restaurant, Chicken Salad Chick, DoubleCakes by Chris, Fajitas Mexican Restaurant, Gainesville Seafood Market, Mountain Fresh Creamery, Panera Bread and RLM Affairs. Events will be held at Lanier Tech’s Ramsey Confer ence Center, 2535 Lanier Tech Drive in Gainesville. Megan Reed Bezos commits BY JOSEPH PISANI Associated Press NEW YORK - Amazon founder Jeff Bezos said Mon day that he plans to spend $10 billion of his own fortune to help fight climate change. Bezos, the world’s richest person, said in an Instagram $10B of own funds to fight climate change post that he’ll start giving grants this summer to scientists, activ ists and nonprofits working to protect Earth. “I want to work alongside oth ers both to amplify known ways and to explore new ways of fighting the devastating impact of climate change,” Bezos said. Amazon, the company Bezos runs, has an enormous carbon footprint. Last year, Amazon officials said the company would work to have 100% of its energy use come from solar panels and other renewable energy by 2030. The online retailer relies on fossil fuels to power planes, trucks and vans in order to ship items all around the world. Amazon workers in its Seattle headquarters have been vocal in criticizing the company’s practices, pushing it to do more to combat climate change. Bezos said he will call his new initiative the Bezos Earth Fund. An Amazon spokesman con firmed that Bezos will be using his own money for the fund. Despite being among the rich est people in the world, Bezos only recently became active in donating money to causes. In 2018, Bezos committed $2 billion of his money to open preschools in low-income neighborhoods and give money to nonprofits that help homeless families. Stock Exchange Highlights ■ NYSE 14,039.01 -58.32 A Nasdaq 9,732.74 +1.57 Gainers <52 or more) Gainers ($2 or more) Name Last Chg %Chg Name Last Chg %Chg Intelsat 3.90 +.80 +25.8 Bellero hrs 9.21 +5.78+168.4 Losers (52 or more) Name Last Chg %Chg LeggMason 50.66 ChOnlEd 20.40 ArcusBio 12.43 BlueApr rs 4.37 GoldFLtd ' “ HeclaM EldrGId g HarmonyG 3.45 GSXTchn 37.86 6.79 3.23 7.37 +9.94 +24.4 +3.54 +21.0 +1.40 +12.7 +.46 +11.8 +.69 +11.3 +.31 +10.6 +.70 +10.5 +.32 +10.2 +3.36 +9.7 Fluor Koppers Acornlnt CONSOL 14.79 -4.75 28.21 -6.33 16.68 -2.29 6.21 -.83 JeldWen 22.30 -2.96 ArdmoreSh 6.15 -.58 UnivTInst 8.53 -.77 NEurO 4.53 -.36 SandRidge 2.27 -.18 WestlkChm 60.25 -4.59 ■24.3 18.3 12.1 ■11.8 ■11.7 -8.6 -8.3 -7.4 -7.3 -7.1 Most Active ($1 OR MORE) Name Vol (00) Last Chg VirgnGal FordM Sprint GenElec BkofAm AuroraC Yamana g Snaplnc A Intelsat BarrickGId 1035313 650544 482797 439599 403156 394760 329366 297097 288103 279599 30.30 +1 8.06 - 9.17 + 12.75 - 34.27 - 1.64 + 4.37 + 17.17 - 3.90 + 20.58 + Diary Advanced Declined Unchanged Total issues New Highs New Lows Volume 1,090 1,552 87 2,729 229 70 3,601,086,576 WandaSp n 4.35 Zovio InflaRx Brainstorm FulcrThr n VielaBio n Schrodin n 31.90 FuelCell rs 2.46 MarinusPh 2.70 2.14 4.19 6.33 18.50 44.84 +1.36 +45.5 +.50 +30.5 +.80 +23.6 +1.17 +22.7 +3.30 +21.7 +7.33 +19.5 +5.00 +18.6 +.38 +18.3 +.40 +17.4 Losers ($2 Name Last OR more) Chg %Chg TKK Sym 6.90 NeuroBo rs 18.86 TrnWEnt rs 3.45 Canaan n 5.75 WestwtR rs 2.18 Tizianas 2.10 CoDiagn 2.92 Veecolnst 16.16 SmthM h 5.55 TKK Sy un 9.45 -3.10 -31.0 -4.91 -20.7 -.79 -18.6 -1.03 -15.2 -.39 -15.2 -.29 -12.1 -.40 -12.0 -1.92 -10.6 -.65 -10.5 -1.05 -10.0 Most Active ($1 0R more) 1 Vol (00) Last Chg Name AMD 700754 FuelCell rs 444914 Apple Inc 381207 PlugPowr h 311606 Microsoft 277718 Genprex 246163 Bellero hrs 237360 Zynga 219054 MicronT 215040 Roku 194189 56.89 2.46 319.00 4.85 187.23 4.90 9.21 7.09 57.75 127.15 +1.58 +.38 -5.95 +.43 +1.88 +.62 +5.78 +.16 -.75 -3.10 Diary Advanced Declined Unchanged Total issues New Highs New Lows Volume 1,332 1,617 175 3,124 183 57 2,207,581,935 Stocks of Local Interest Name Ex Div Yld PE Last YTD Chg %Chg AFLAC 1.12 2.2 16 51.88 -.65 -1.9 Intel 1.32 2.0 23 66.14 -1.13 +10.5 AT&T Inc 2.08 5.4 17 38.26 +.01 -2.1 Intelsat 3.90 +.80 -44.5 AbbottLab 1.44 1.6 47 88.88 -.78 +2.3 IBM 6.48 4.3 16 151.10 +.40 +12.7 AMD 56.89 +1.58 +24.1 JohnJn 3.80 2.5 25 149.14 -.99 +2.2 Altria 3.36 7.4 14 45.22 +.05 -9.4 LilisEn .35 +.07 -8.7 Apple Inc 3.08 1.0 29 319.00 -5.95 +8.6 Lowes 2.20 1.8 27 123.23 -2.19 +2.9 ATMOS 2.30 1.9 22 120.57 +.12 +7.8 McDnlds 5.00 2.3 33 216.15 -.94 +9.4 AuroraC 1.64 +.06 -24.1 Merck 2.44 3.0 31 82.46 -.19 -9.3 AutoZone 191073.85+20.64 -9.9 MicronT 7 57.75 -.75 +7.4 AveryD 2.32 1.7 39 135.98 -2.15 +3.9 Microsoft 2.04 1.1 37 187.23 +1.88 +18.7 BP PLC 2.46 6.8 11 36.09 +.09 -4.4 NorflkSo 3.76 1.8 22 208.02 -1.33 +7.2 BkofAm .72 2.1 12 34.27 -.58 -2.7 OfficeDpt .10 4.1 7 2.42 -.03 -11.7 BarrickGId 2.82 10 20.58 +.86 +10.7 Penney .71 +.00 -36.3 Bellero hrs 9.21 +5.78 +75.3 PepsiCo 3.82 2.6 16 145.60 -1.39 +6.5 Boeing 8.22 2.4 32 338.88 -1.61 +4.0 Pfizer 1.52 4.2 15 36.32 -.19 -7.3 BrMySq 1.80 2.7 22 66.07 -.31 +2.9 PhilipMor 4.68 5.4 18 87.44 -1.06 +2.8 CSX 1.04 1.3 19 79.51 -.08 +9.9 PlugPowr h 4.85 +.43 +53.5 CampSp 1.40 2.9 18 48.20 -.44 -2.5 Primerica 1.60 1.2 16 135.62 -1.22 +3.9 Caterpillar 4.12 3.0 12 136.58 -1.41 -7.5 ProctGam 2.98 2.4 29 124.87 -1.27 0.0 CntryLink 1.00 7.5 5 13.34 -.56 +1.0 RegionsFn .62 3.8 12 16.31 -.23 -5.0 ChesEng 1 .44 -.01 -47.1 Snaplnc A 17.17 -.39 +5.1 Chevron 5.16 4.7 15 110.24 +.16 -8.5 SouthnCo 2.48 3.6 33 69.40 +.38 +8.9 Cisco 1.44 3.1 18 46.59 -.38 -2.1 Sprint 5 9.17 +.48 +76.0 Citigroup 2.04 2.6 11 77.58 -1.21 -2.9 SynovusFn 1.20 3.4 10 35.75 -.88 -8.8 CocaCola 1.60 2.7 36 59.53 -.42 +7.6 3M Co 5.88 3.7 22 158.88 -2.13 -9.9 ConAgra .85 2.8 20 30.68 -2.01 -10.4 Transocn 4.41 -.11 -35.9 Cummins 5.24 3.2 46 166.06 -.72 -7.2 TruistFn 1.80 3.3 14 54.01 -.93 -4.1 Disney 1.76 1.3 19 139.14 -.40 -3.8 Tyson 1.68 2.1 15 80.15 -.36 -12.0 Dupont rs 1.20 2.2 6 53.44 +.34 -16.8 Uber Tch n 40.18 +.52 +35.1 Equifax 1.56 1.0 27 159.63 -3.33 +13.9 UtdCmBks .72 2.5 16 28.39 -.42 -8.1 ExxonMbl 3.48 5.8 14 59.88 -.77 -14.2 UPS B 4.04 3.8 18 106.42 +.47 -9.1 FordM .60 7.4 6 8.06 -.04 -13.3 VerizonCm 2.46 4.2 15 57.91 -.60 -5.7 FuelCell rs 2.46 +.38 -2.0 VirgnGal 30.30 +1.62 +162.3 GenElec .04 .3 12.75 -.08 +14.2 Vodafone .96 4.8 20.20 +.74 +4.5 Genprex 4.90 +.62+1,431.3 WalMart 2.16 1.8 69 119.63 +1.74 +.7 GenuPrt 3.05 3.2 18 96.76 +.29 -8.9 WeisMk 1.24 3.3 9 37.61 +.18 -7.1 GlbeLife .69 .6 9 110.33 -.62 +5.0 WellsFargo 2.04 4.3 10 46.99 -1.23 -12.7 HP Inc .70 3.2 7 22.24 -.13 +8.2 Yamana g .05 1.1 4.37 +.27 +10.6 Haverty .80 3.9 21 20.26 +.06 +.5 YumBrnds 1.88 1.8 37 104.03 -1.25 +3.3 Hershey 3.09 1.9 35 160.06 -.28 +8.9 Zomedica .13 +.01 -59.5 HomeDp 5.44 2.2 25 243.94 -1.09 +11.7 Zynga 7.09 +.16 +15.8 Name Ex Div Yld PE Last YTD Chg %Chg Stock Footnotes: g = Dividends and earnings in Canadian dollars, h = Does not meet continued-listing standards. If = Late filing with SEC. n = New in past 52 weeks, pf = Preferred, rs = Stock has undergone a reverse stock split of at least 50 percent within the past year, rt = Right to buy security at a specified price, s = Stock has split by at least 20 percent within the last year, un = Units, vj = In bankruptcy or receivership, wd = When distributed, wi = When issued, wt = Warrants. Fund Footnotes: m - Multiple fees are charged, usually a marketing fee and either a sales or redemption fee. Source: The Associated Press. Sales figures are unofficial. Stock Market Indexes Dow Jones industrials Close: 29,232.19 Change:-165.89 (-0.6%) 29,600 29,140 28,680 10 DAYS A S O N D J F 52-Week Net YTD 12-mo High Low Name Last Chg %Chg %Chg %Chg 29,568.57 24,680.57 Dow Industrials 29,232.19 -165.89 -.56 +2.43 +12.90 11,359.49 9,676.06 Dow Transportation 10,865.58 +2.66 +.02 -.33 +2.33 956.35 732.82 Dow Utilities 960.89 +5.54 +.58 +9.30 +29.29 14,183.26 12,238.40 NYSE Composite 14,039.01 -58.32 -.41 +.91 +11.17 9,748.32 7,290.03 Nasdaq Composite 9,732.74 +1.57 +.02 +8.47 +30.00 1,518.94 1,187.11 S&P 100 1,511.12 -4.41 -.29 +4.78 +23.87 3,385.09 2,703.79 S&P 500 3,370.29 -9.87 -.29 +4.32 +21.24 2,106.30 1,802.58 S&P MidCap 2,089.19 -7.42 -.35 +1.27 +9.02 34,474.00 28,036.97 Wilshire 5000 34,363.17 -65.17 -.19 +4.49 +19.06 1,715.08 1,450.32 Russell 2000 1,683.52 -4.06 -.24 +.90 +6.93 Mutual Funds Name Total Assets Obj (SMIns) NAV Total Return/Rank 4-wk 12-mo 5-year Pet Load Min Init Invt Vanguard 500ldxAdmrl LB 319,196 311.75 +1.4 +23.8/A +12.2/A NL 3,000 Vanguard TtlSMIdxAdmrl LB 251,491 83.38 +1.5+22.3/C +11.6/B NL 3,000 Fidelity 500ldxlnsPrm LB 236,283 117.14 +1.4 +23.8/A +12.2/A NL 0 Vanguard TtlSMIdxIns LB 154,922 83.39 +1.4 +22.3/C +11.7/B NL 5,000,000 Vanguard TtlnSIdxInv FB 153,621 17.67 -2.8+11.1/C +4.6/B NL 0 Vanguard TtlSMIdxInv LB 139,212 83.34 +1.4+22.2/C +11.5/B NL 3,000 Vanguard InsidxInsPlus LB 125,310 303.51 +1.4 +23.8/A +12.2/A NL 100,000,000 Vanguard TtlnSIdxInsPlus FB 120,120 118.21 -2.7+11.2/C +4.7/B NL 100,000,000 Vanguard Insldxlns LB 114,787 303.48 +1.4 +23.8/A +12.2/A NL 5,000,000 Vanguard TtBMIdxAdmrl Cl 110,568 11.25 +1.6 +9.8/B +3.3/B NL 3,000 Fidelity Contrafund LG 98,204 14.76 +3.3+26.2/C +14.2/B NL 0 Vanguard WlngtnAdmrl MA 95,354 76.85 +0.7+17.9/A +8.9/A NL 50,000 Cl -Intermediate-Term Bond, FB -Foreign Large Blend, IH -World Allocation, LB -Large Blend, LG -Large Growth, LV -Large Value, MA-Moderate Allocation, WS -World Stock, Total Return: Chng in NAV with dividends reinvest ed. Rank: How fund performed vs. others with same objective: A is in top 20%, E in bottom 20%. Min Init Invt: Minimum $ needed to invest in fund. Source: Morningstar.
