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WEEKLY QUOTE
“Freedom
is a possession of inestimable value.”
- Cicero
WEEKLY TIP
Business
owners can waste hours chasing late payments. If you have clients or
customers who constantly pay late, ask yourself whether keeping them is worth
the headache. It may not be.
WEEKLY RIDDLE
After
badly losing an away game, a college football team doesn’t want their coach
to come in and yell at them, so they put 1,000 pounds of weights against a
locker room door to prevent him from opening it. He comes in and yells at
them face-to-face anyway. Why are they unable to keep him from coming through
the doorway?
Last week’s riddle:
Multiply all the numbers on your phone’s keypad. What number do
you get?
Last week’s answer:
Zero.
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July 26,
2017
WILL STOCKS
GET AN EARNINGS BOOST?
While the first full week of the Q2 earnings season saw no
pronounced rallies, there were also no shocks. By Friday’s closing bell, 20%
of S&P 500 member firms had reported calendar Q2 results, and a FactSet
analysis showed 77% had topped sales projections and 73% had beaten earnings-per-share
forecasts – a good sign in an earnings-driven market climate. The Nasdaq
Composite gained 1.19% last week and settled at 6,387.75 Friday; the S&P
500 rose to 2,472.54 after a 5-day gain of 0.54%. As blue chips fell 0.27% across
five trading days, the Dow Jones Industrial Average closed at 21,580.07 Friday.
All three indices hit record highs during the week.1,2
CONSTRUCTION
ACTIVITY SURGED IN JUNE
According to a new Census Bureau report, housing starts
rose 8.3% last month, while building permits were up 7.4%. That counteracts
the 2.8% fall for starts and the 4.9% drop for permits in May.3
GOLD TOPS
$1,250
Settling at $1,254.90 Friday, the yellow metal hit its
highest COMEX close since June 23, up 2.2% in five days. Silver rose 3.3%
last week to a Friday close of $16.46.4
THIS WEEK: On Monday, Alphabet, Anadarko Petroleum, Celanese,
Halliburton, Hasbro, and Stanley Black & Decker present earnings, and
Wall Street also considers June existing home sales numbers. Tuesday offers a
new Conference Board consumer confidence index and earnings from 3M, AT&T,
Ameriprise Financial, Amgen, Biogen, Caterpillar, Chipotle, Chubb, Domino’s,
Eli Lilly, Express Scripts, Freeport-McMoRan, General Motors, JetBlue,
McDonald’s, Mondelez, PulteGroup, Quest Diagnostics, Smart & Final,
Supervalu, Texas Instruments, U.S. Steel, and Universal Health. The Federal
Reserve makes a policy statement Wednesday; investors will also look at June
new home sales data and earnings from Anthem, Boeing, Coca-Cola, Corning, D.R.
Horton, Discover, Facebook, Ford Motor Co., General Dynamics, Gilead Sciences,
Hilton Worldwide, Ingersoll-Rand, O’Reilly, PayPal, Public Storage,
Rent-A-Center, Rockwell Automation, Ryder System, State Street, Waste
Management, West Marine, Whirlpool, and Whole Foods. Data on initial claims and
June hard goods orders appears Thursday, plus earnings from Aflac, Ally
Financial, Altria Group, Amazon, Baidu, Bristol-Myers Squibb, ConocoPhillips,
Dow Chemical, Dr. Pepper Snapple, Dunkin’ Brands, Edison International, Expedia,
Intel, Procter & Gamble, Raytheon, Revlon, Southwest Airlines, Spirit
Airlines, Starbucks, Twitter, UPS, Valero Energy, Verizon, W.R. Grace, and
Xerox. July’s final University of Michigan consumer sentiment index and the first
Q2 GDP estimate appear Friday, plus earnings from American Airlines, Chevron,
ExxonMobil, Magellan Health, and Merck.
Sources: wsj.com, bigcharts.com, treasury.gov - 7/21/172,5,6,7
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. The information herein has been
derived from sources believed to be accurate. Please note - investing
involves risk, and past performance is no guarantee of future results.
Investments will fluctuate and when redeemed may be worth more or less than
when originally invested. 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 market indices discussed
are unmanaged and are not illustrative of any particular investment. Indices
do not incur management fees, costs and expenses, and cannot be invested into
directly. All economic and performance data is historical and not indicative
of future results. The Dow Jones Industrial Average is a price-weighted index
of 30 actively traded blue-chip stocks. The NASDAQ Composite Index is a
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 a market-cap weighted index composed
of the common stocks of 500 leading companies in leading industries of the
U.S. economy. 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. MarketingPro, Inc. is not affiliated with
any person or firm that may be providing this information to you. 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 - cnbc.com/2017/07/21/us-stocks-ge-drops-earnings-season-oil.html
[7/21/17]
2 - markets.wsj.com/us
[7/21/17]
3 - investing.com/economic-calendar/
[7/21/17]
4 - marketwatch.com/story/gold-tries-for-most-robust-weekly-rise-in-two-months-as-dollar-drops-2017-07-21
[7/21/17]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F21%2F16&x=0&y=0
[7/21/17]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F21%2F16&x=0&y=0
[7/21/17]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F21%2F16&x=0&y=0
[7/21/17]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F20%2F12&x=0&y=0
[7/21/17]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F20%2F12&x=0&y=0
[7/21/17]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F20%2F12&x=0&y=0
[7/21/17]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F20%2F07&x=0&y=0
[7/21/17]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F20%2F07&x=0&y=0
[7/21/17]
5 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F20%2F07&x=0&y=0
[7/21/17]
6 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[7/21/17]
7 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[7/21/17]
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Wednesday, July 26, 2017
Economic Update for the week of July 26th, 2017
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