Subject: Decoding the Earnings Report

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Indices

DJIA: 19,963.80 (+1.02%)

NASDAQ: 5,521.06 (+2.56%)

S&P 500: 2,276.98 (+1.70%)

Commodities

Gold: 1,175.80 (+2.09%)

Copper: 253.90 (+1.66%)

Crude Oil: 54.54 (+1.53%)

Economy

The ISM (Institute for Supply Management) Manufacturing Index for December rose to a 2-year high of 54.7, up 1.5 points from December and beating most economists’ expectations. New orders were the standout of the composite index, rising 7.2 points to 60.2, followed by production, which was up 4.3 points to 60.3. Employment was also up 0.8 points to 53.1, and new export orders were up 4.0 points to 56.0, reaching a 2.5 year high. Survey respondents indicated increases in demand and projections for growth, with concerns about a tight labor market and increasing raw material prices.


The FOMC (Federal Open Market Committee) meeting on Dec. 12-13, 2016, approved raising the federal fund rate by .25% to a range of .50% - .75%, and projected that future increases would be gradual, but did not commit to a timetable. The FOMC statement noted that near-term risks appeared balanced, and that future adjustments to the federal fund rate will be based on carefully monitored economic indicators.


The December jobs report showed 156,000 jobs created, which was fewer than the expected 175,000, and an increase in the unemployment rate to 4.7%. However, hourly wages were up by .4%, and the workforce participation rate increased to 62.7%. Overall, the report indicated a tightening of the labor market and leant support to speculation that the FOMC could increase interest rates on a more frequent basis in 2017.

Upcoming Events:

Fri January 13 — PPI-FD (Producer Price Index - Final Demand)

Fri January 13 — Retail Sales

Earnings Calendar

Mon
AA
GPN
Tues
LW
BRCD
Wed
ASHTY
MSM
Thurs
INFY
SJR
Fri
JPM
WFC
 
 

Decoding the Earnings Report

 

As we head into earnings season, it’s important to be able to read an earnings report with clarity. Sometimes the market reacts in a counterintuitive way to quarterly earnings reports. What's the reason for this? And how can a long-term investor see past hype or hysteria to make independent judgments about an earnings report? In this article, we answer these questions.

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Ideas with Momentum

 

This week in Ideas, we feature screeners to find stocks that have strong price momentum, as well as other factors such as earnings growth. Check it out to see what stocks have been breaking away from the market.

Go to Ideas

20 Momentum Stocks with Growth

 

For a little investing inspiration, we posted a watchlist in our Library with 20 stocks that have both momentum and growth. Check out the picks, why we like them, and how we found them on our blog.

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Wishing you a productive week,

The Stock Rover Team

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