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WEEKLY QUOTE
“I
have found the best way to give advice to your children is to find out what
they want and then advise them to do it.”
- Harry S. Truman
WEEKLY TIP
You
may know a young adult who is so unsure about the investment world that they
refrain from investing at all. Share what you know, or introduce them to a
financial professional who can provide knowledge.
WEEKLY RIDDLE
Wherever
you notice me, I’ll be in a row. My name has no letters, but my initials are
MNO. What am I?
Last week’s riddle:
I am heartless and spineless, and spend most of my time in the
dark. When you encounter me, I may try to sting you. What am I?
Last week’s answer:
A jellyfish.
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November 15,
2017
CONSUMER
SENTIMENT INDEX DECLINES
The University of Michigan’s monthly gauge of U.S.
household sentiment fell to 97.8 in its initial November edition; analysts
polled by Bloomberg estimated it would tick up to 100.8. While the 2.9-point
dip from its final October level was the largest drop in a year, the index
remained near a 13-year peak. Sixty percent of the consumers surveyed felt that
stocks would rise in 2018.1
Q3 Earnings: A
LOOK AT THE SCORECARD
As of Friday, 87% of S&P 500 companies had reported
third-quarter earnings. An analysis from Zacks Investment Research reveals
that 73% have topped earnings forecasts; 67% have surpassed revenue
estimates. So far, the earnings growth rate for S&P 500 firms in the
third quarter is 6.8%, with revenues rising 6.2%. Zacks expects total
earnings for the quarter to be 6.2% higher than Q3 2016, with year-over-year
income growth at 5.7%.2
OIL CAPS OFF A
STRONG WEEK
Light sweet crude rose to its highest level in 28 months
last week before settling slightly lower: $56.67 was the NYMEX price at
Friday’s NYSE closing bell. At that time, WTI crude was up 1.8% from its
November 3 close.3
A SLIGHT
PULLBACK ON WALL STREET
Uncertainty about the potential for tax code reform led to
some weakness in stocks over the past five trading days. The S&P 500 fell
0.21% for the week to 2,582.30; the Nasdaq Composite retreated 0.20% to
6,750.94. Blue chips took a deeper loss: the Dow Jones Industrial Average
declined 0.50% to 23,422.21. The week was much rougher for the Russell 2000,
which gave back 1.31% on the way to a Friday settlement of 1,475.27. The CBOE
VIX ended the week at 11.29, rising 23.52% in five days.4
THIS WEEK: Monday, Tyson Foods presents Q3 results.
On Tuesday, the October Producer Price Index arrives as well as earnings from
Aramark and Beazer Homes. Wall Street looks at last month’s retail sales
figures and Consumer Price Index on Wednesday, plus earnings from Cisco, L
Brands, NetEase, and Target. Thursday, reports on initial jobless claims and
October industrial output complement earnings from Best Buy, Gap, Viacom, and
Walmart. Friday, the Census Bureau issues a report on October housing starts
and building permits.
Sources: wsj.com, bigcharts.com, treasury.gov - 11/10/174,5,6,7
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 - bloomberg.com/news/articles/2017-11-10/u-s-consumer-sentiment-unexpectedly-drops-amid-price-concerns
[11/10/17]
2 - nasdaq.com/article/7-retail-stocks-to-steal-the-show-with-q3-earnings-beat-cm875644
[11/10/17]
3 - marketwatch.com/story/oil-steadies-after-climb-toward-2-year-highs-2017-11-10
[11/10/17]
4 - markets.wsj.com/us
[11/10/17]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=11%2F10%2F16&x=0&y=0
[11/10/17]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=11%2F10%2F16&x=0&y=0
[11/10/17]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=11%2F10%2F16&x=0&y=0
[11/10/17]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=11%2F9%2F12&x=0&y=0
[11/10/17]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=11%2F9%2F12&x=0&y=0
[11/10/17]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=11%2F9%2F12&x=0&y=0
[11/10/17]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=11%2F9%2F07&x=0&y=0
[11/10/17]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=11%2F9%2F07&x=0&y=0
[11/10/17]
5 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=11%2F9%2F07&x=0&y=0
[11/10/17]
6 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[11/10/17]
7 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[11/10/17]
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Wednesday, November 15, 2017
Economic Update for the week of November 15th, 2017
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