|
|||||||||||||||||||||||||||||||
|
WEEKLY QUOTE
“Every
great mistake has a halfway moment, a split second when it can be recalled
and perhaps remedied.”
-
Pearl S. Buck
WEEKLY TIP
Sometimes
a radio commercial or cable TV ad will pitch a vaguely described investment
that you “must know about” offering impressive returns with virtually no
risk. These claims are red flags.
WEEKLY RIDDLE
James
has two kids. If the eldest is a girl, what are the chances that the youngest
is also a girl?
Last week’s riddle:
It has dozens of fine teeth, but you can hold it in your hand and
it will never bite you. What is it?
Last week’s answer:
A comb.
|
May 13, 2014
ISM: SERVICE SECTOR VERY HEALTHY
At 55.2, the Institute for Supply Management’s April
non-manufacturing PMI climbed 2.1 points above the March reading. The
nation’s service sector expanded for a 51st straight month, and the survey
saw big monthly leaps in its new orders index (up 4.8 points to 58.2) and its
business activity index (which rose 7.5 points to 60.9).1
THE S&P EARNINGS SCORECARD (SO FAR)
As last week ended on Wall Street, 451 members of the
S&P 500 had announced results in the Q1 earnings season. According to
Bloomberg’s tally, 76% of those firms exceeded profit projections and 53%
beat revenue forecasts. Analysts surveyed by Bloomberg estimate that earnings
for S&P constituents improved 5.5% in Q1 while sales rose 3.0%.2
GAS AT $3.66 A GALLON, OIL JUST UNDER
$100
The Memorial Day weekend arrives May 24-26; will prices
fall slightly by then? The national average for regular unleaded on May 9 was
$0.11 higher than a year ago, according to AAA’s Daily Fuel Gauge Report. NYMEX
crude rose 0.2% across five days to settle at $99.99 as the week ended; gold
pulled back 1.2% last week, finishing at $1,287.60 on the COMEX Friday.3,4
A RECORD CLOSE FOR THE DOW
A
small Friday advance left the index at 16,583.34 at Friday’s closing bell. While
the blue chips rose 0.43% for the week, the S&P 500 retreated 0.14% and
the Nasdaq declined 1.26%. The S&P settled at 1,878.48 Friday, the Nasdaq
at 4,071.87.5
THIS WEEK: Monday,
Wall Street will react to the weekend independence vote held by pro-Russian
separatists in eastern Ukraine, who have vowed to form their own republic; no
major news is scheduled stateside. April retail sales numbers are out Tuesday
along with Q1 results from Hertz Global; additionally, investors will
consider China’s April industrial output and retail sales. Wednesday marks
the release of April’s PPI plus earnings from Cisco, Jack in the Box, Macy’s,
Abercrombie & Fitch, RE/MAX, SodaStream and Valero. Thursday, Federal
Reserve chair Janet Yellen speaks on small businesses and the economy in the
nation’s capital; April’s CPI and industrial production report arrive, the latest
initial claims figures are released and Wal-Mart, Kohl’s, Nordstrom and J.C.
Penney announce quarterly results. Friday sees the release of the University
of Michigan’s initial May consumer sentiment index and data on April building
permits and housing starts.
Sources: USATODAY.com, bigcharts.com, treasury.gov - 5/9/146,7,8,9
Indices are unmanaged, do not
incur fees or expenses, and cannot be invested into directly.
These returns do not include
dividends.
|
||||||||||||||||||||||||||||||
|
Please feel
free to forward this article to family, friends or colleagues.
If you would like us to add them to our distribution list, please reply with their address. We will contact them first and request their permission to add them to our list. |
|||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||
|
«RepresentativeDisclosure»
This material was prepared by MarketingPro,
Inc., and does not necessarily represent the views of the presenting party,
nor their affiliates. This information has been derived from sources believed
to be accurate. Please note - investing involves risk, and past performance
is no guarantee of future results. The publisher is not engaged in rendering
legal, accounting or other professional services. If assistance is needed,
the reader is advised to engage the services of a competent professional.
This information should not be construed as investment, tax or legal advice
and may not be relied on for the purpose of avoiding any Federal tax penalty.
This is neither a solicitation nor recommendation to purchase or sell any
investment or insurance product or service, and should not be relied upon as
such. All indices are unmanaged and are not illustrative of any particular
investment. The Dow Jones Industrial Average is a price-weighted index of 30
actively traded blue-chip stocks. The NASDAQ Composite Index is an unmanaged,
market-weighted index of all over-the-counter common stocks traded on the
National Association of Securities Dealers Automated Quotation System. The
Standard & Poor's 500 (S&P 500) is an unmanaged group of securities
considered to be representative of the stock market in general. It is not
possible to invest directly in an index. NYSE Group, Inc. (NYSE:NYX) operates
two securities exchanges: the New York Stock Exchange (the “NYSE”) and NYSE
Arca (formerly known as the Archipelago Exchange, or ArcaEx®, and the Pacific
Exchange). NYSE Group is a leading provider of securities listing, trading
and market data products and services. The New York Mercantile Exchange, Inc.
(NYMEX) is the world's largest physical commodity futures exchange and the
preeminent trading forum for energy and precious metals, with trading
conducted through two divisions – the NYMEX Division, home to the energy,
platinum, and palladium markets, and the COMEX Division, on which all other
metals trade. Additional risks are associated with international investing,
such as currency fluctuations, political and economic instability and
differences in accounting standards. This material represents an assessment
of the market environment at a specific point in time and is not intended to
be a forecast of future events, or a guarantee of future results. Past
performance is no guarantee of future results. Investments will fluctuate and when
redeemed may be worth more or less than when originally invested. All
economic and performance data is historical and not indicative of future
results. Market indices discussed are unmanaged. Investors cannot invest in
unmanaged indices. The publisher is not engaged in rendering legal,
accounting or other professional services. If assistance is needed, the
reader is advised to engage the services of a competent professional.
Citations.
1 - ism.ws/ISMReport/NonMfgROB.cfm [5/5/14]
2 - bloomberg.com/news/2014-05-09/u-s-stock-futures-retreat-as-investors-assess-earnings.html
[5/9/14]
3 - fuelgaugereport.aaa.com
[5/9/14]
4 - proactiveinvestors.com/companies/news/54023/gold-loses-12-on-week-oil-settles-at-9999-54023.html
[5/9/14]
5 - thestreet.com/story/12702814/1/market-hustle-stocks-lower-amid-deal-news-markets-eye-ukraine-vote.html
[5/9/14]
6 - usatoday.com/money/markets/overview/ [5/9/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F9%2F13&x=0&y=0
[5/9/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F9%2F13&x=0&y=0
[5/9/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F9%2F13&x=0&y=0
[5/9/14]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F8%2F09&x=0&y=0
[5/9/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F8%2F09&x=0&y=0
[5/9/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F8%2F09&x=0&y=0
[5/9/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F10%2F04&x=0&y=0
[5/9/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F10%2F04&x=0&y=0
[5/9/14]
7 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F10%2F04&x=0&y=0
[5/9/14]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[5/9/14]
9 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[5/9/14]
|
|||||||||||||||||||||||||||||||
Tuesday, May 13, 2014
Economic Update for the week of May 13th, 2014
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment