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WEEKLY QUOTE
“If
you laugh, you think, and you cry, that’s a full day.”
- Jim Valvano
WEEKLY TIP
Do
you really need weekly housecleaning service, a gardener, or a dog walker?
The money you save by not using these services could go toward debts, an
emergency fund, or investing.
WEEKLY RIDDLE
It
traveled from Kentucky to Texas in three days, and it did so while staying in
a corner. What is it?
Last week’s riddle:
Wilbert was driving a black car. The car’s lights were off, there
was no moonlight – and a cat was in the middle of the road. How did Wilbert
know to stop?
Last week’s answer:
He was driving during the day.
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April 28,
2015
NEW HOME SALES DROP, RESALES CLIMB
March
brought a 6.1% advance for existing home sales according to the National
Association of Realtors. This happened with a 4.6-month inventory of homes
for resale, which is underneath the 6-month level characteristic of a thriving
housing market. New home purchases tumbled 11.4% in March after a great
February; on the bright side, there were more new home sales in the first
quarter than in Q1 2014.1
ORDERS FOR DURABLES INCREASE
The 4.0% March gain noted by the Census Bureau was
welcome. From November through February, overall hard goods orders declined
by 1.4% or more each month (excepting January’s 2.8% increase).2
OIL ADVANCES, GOLD RETREATS
In New York, oil prices rose 2.5% from April 20-24 on
inventory concerns: light sweet crude for July delivery settled Friday at
$57.15 on the NYMEX. Gold lost 2.4% last week to a Friday close of $1,175.00 on
the COMEX.3
TECH EARNINGS GIVE BIG LIFT TO NASDAQ
That benchmark rose 3.25% last week, briefly topping the
5,100 level on the way to a close of 5,092.09 Friday. Five-day gains also
came for the Dow (1.42% to 18,080.14) and S&P 500 (1.75% to 2,117.69).4
THIS WEEK: On Monday,
Apple, Container Store, Hertz Global, MGM Resorts, Universal Health Services
and Barracuda Networks report earnings. Tuesday brings a new Conference Board
consumer confidence survey, February’s S&P/Case-Shiller home price index
and earnings from Aetna, Aflac, Big 5, Bristol-Myers Squibb, UPS, Edison International, Smart & Final,
Ford Motor Co., Buffalo Wild Wings, Panera, Cummins, Coach, Supervalu, Ally,
Akamai, NCR, Genworth, Pfizer, Twitter, GoPro, JetBlue, Revlon, Kraft, Whirlpool,
U.S. Steel, T-Mobile, Merck, Sirius XM, Wynn Resorts, Western Digital and Valero. Wednesday offers
a Federal Reserve policy statement, an estimate of Q1 GDP, March pending home
sales numbers and earnings from Anthem, Baidu, General
Dynamics, Yelp!, Goodyear, Fiat Chrysler, GrubHub, Hilton, Humana, Praxair, Time
Warner, Starwood Hotels & Resorts, Marriott and Northrup Grumman. Thursday
presents March personal spending data, new initial claims figures and
earnings from Avon, Visa, Colgate-Palmolive, Diebold, Coca-Cola, LiveNation, Time
Warner Cable, ExxonMobil, Expedia, Virgin America, Fluor, HealthSouth, Pitney-Bowes,
Public Storage, ConocoPhillips, Blackrock, Magellan Health, Marathon
Petroleum, Nutrisystem and Cigna. Friday offers the University of Michigan’s
final April consumer sentiment index, ISM’s April factory PMI and results
from Berkshire Hathaway, Chevron, Clorox, CVS and Weyerhaeuser.
Sources: online.wsj.com, bigcharts.com, treasury.gov - 4/24/155,6,7,8
Indices
are unmanaged, do not incur fees or expenses, and cannot be invested into
directly. These returns do not include dividends. 10-year TIPS real yield =
projected return at maturity given expected inflation.
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«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 - arkansasonline.com/news/2015/apr/24/u-s-new-home-sales-fall-11-4-20150424/
[4/24/15]
2 - investing.com/economic-calendar/durable-goods-orders-86 [4/24/15]
3 - proactiveinvestors.com/companies/news/61155/gold-drops-16-to-1175-wti-decreases-1-to-5715-61155.html
[4/24/15]
4 - markets.on.nytimes.com/research/markets/usmarkets/usmarkets.asp
[4/24/15]
5 - markets.wsj.com/us [4/24/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F24%2F14&x=0&y=0
[4/24/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F24%2F14&x=0&y=0
[4/24/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F24%2F14&x=0&y=0
[4/24/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F23%2F10&x=0&y=0
[4/24/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F23%2F10&x=0&y=0
[4/24/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F23%2F10&x=0&y=0
[4/24/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F25%2F05&x=0&y=0
[4/24/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F25%2F05&x=0&y=0
[4/24/15]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F25%2F05&x=0&y=0
[4/24/15]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[4/24/15]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[4/24/15]
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Tuesday, April 28, 2015
Economic update for the week of April 28th, 2015
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