Last week was tough, as all major indexes lost about three percent of their value. But the Yonder 40 is besting other measures of economic performance.

"> Yonder 40 Continues to Lead Stock Indexes - Daily Yonder

Yonder 40 Continues to Lead Stock Indexes

Last week was tough, as all major indexes lost about three percent of their value. But the Yonder 40 is besting other measures of economic performance.

Share This:

The Yonder 40, a stock index that reflects the rural economy, continues to do considerably better than the other major measures of corporate well-being. The Yonder 40 is down 2 percent since July 1 of last year. The Dow Industrials are off by nearly 7 percent.

The Yonder 40 has gained 7.7 percent since the beginning of January. The Dow is off 2.5%; the Standard and Poor 500 index is down 2.4 percent and the NASDAQ is off by 2.5 percent.

Within the Yonder 40, however, there are wild variations. In the last week, for example, Cabela's, the outdoor outfitter, dropped 11 percent and Skywest followed the rest of the airline industry down, dropping 15 percent in the last week. Retail outlets fell, too, as Family Dollar, Stage Stores and Cato all dropped in the last week.

Last week was a generally bad week for stocks across the board. The Yonder 40 continues to be bouyed by energy companies, transportation firms and companies that serve agriculture.

(See the next page for how the full Yonder 40 fared last week.)

Here is the week's news for individual members of the Yonder 40:

“¢ Transportation stocks have risen of late. Burlington Northern, a Yonder 40 member, has risen 22 percent in the last three months. Gains for transportation stocks "are being driven by the same forces pushing oil higher," according to the Wall Street Journal. "Increased global demand for energy, metals and food have pushed up the prices of goods shipped by these companies, while the weakness in the dollar is helping U.S. manufacturers overseas."

“¢ Hormel Foods, the maker of Spam, reported that sales rose 6 percent in the quarter that ended the end of April. The company said sales were led by deli meats. (More people are eating cold cuts for dinner, perhaps??)

“¢ Why are rural retail stocks doing poorly? Stage Stores reported that net income dropped 75 percent due to a "challenging" economic and retail environment. Same store sales decreased 5.4 percent from last year.

“¢ The news business continues losing revenue. Newspaper owner Lee Enterprises revised its second quarter books to show lower value for the company. Earnings were less than half of that from the same quarter last year. Circulation revenue dropped almost 2 percent. Below are the results for the full Yonder 40 for the week ending May 23, 2008:

Yonder 40 Ticker Price May 23 Price Change 5/16 to 5/23 Percent Change 5/16 to 5/23
Alico Inc. ALCO 38.68 -$0.03 -0.1%
Andersons Inc. ANDE 41.25 $0.72 1.8%
Burlington Northern Santa Fe Corp. BNI 106.14 -$2.42 -2.2%
Berkshire Hathaway BRKB 4,130.00 $53.10 1.3%
Bassett Furniture BSET 12.17 $0.20 1.7%
Peabody Energy Corp. BTU 73.2 -$5.63 -7.1%
Cabela's Inc. CAB 13.34 -$1.66 -11.1%
ConAgra Foods Inc. CAG 23.38 -$0.38 -1.6%
Cato Corp. Cl A CTR 15.26 -$0.33 -2.1%
Citizens Communications CZN 11.02 $0.00 0.0%
Deere & Co. DE 80.42 -$3.11 -3.7%
Dean Foods Co. DF 22.22 -$1.08 -4.6%
DIRECTV Group DTV 27.39 -$0.20 -0.7%
Family Dollar Stores Inc. FDO 19.5 -$2.15 -9.9%
Fleetwood Enterprises Inc. FLE 3.8 -$0.06 -1.6%
FairPoint Communications FRP 8.57 -$0.53 -5.8%
Gaylord Entertainment Co. GET 28.72 -$1.14 -3.8%
Hormel Foods HRL 38.5 -$3.27 -7.8%
International Speedway Corp. ISCA 43.42 -$0.16 -0.4%
Lee Enterprises LEE 6.69 -$0.42 -5.9%
Mohawk Industries Inc. MHK 73.06 -$4.55 -5.9%
Monsanto Co. MON 121.45 -$3.66 -2.9%
Mine Safety Appliances Co. MSA 39.92 -$0.96 -2.3%
Southwest Bancorp OKSB 16.75 -$0.58 -3.3%
Plum Creek Timber REIT PCL 42.47 -$1.11 -2.5%
Penn Virginia Corp. PVA 53.74 -$2.77 -4.9%
Ralcorp Holdings RAH 58.23 -$1.06 -1.8%
Regions Financial Corp. RF 18.66 -$1.51 -7.5%
Sturm Ruger & Co. RGR 7.66 $0.02 0.3%
Smithfield Foods SFD 30.22 $0.29 1.0%
Skywest Inc. SKYW 14.87 -$2.62 -15.0%
Southern Co. SO 36 -$0.74 -2.0%
Stage Stores Inc. SSI 12.68 -$1.16 -8.4%
Tractor Supply Co. TSCO 32.47 -$1.43 -4.2%
Tyson Foods TSN 17.82 -$0.44 -2.4%
UST Inc. UST 54.06 $0.34 0.6%
Waddell & Reed Financial Inc. WDR 32.86 -$1.60 -4.6%
Walter Industries WLT 88.78 -$2.85 -3.1%
Wal-Mart Stores WMT 55.75 -$1.29 -2.3%
Cimarex Energy XEC 69.21 -$1.04 -1.5%

 

x

News Briefs