Subject: Finding Your Perfect ETFs in Stock Rover

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Rover's Weekly Market Brief
Rover

Indices

DJIA: 23,533.20 (-5.67%)

NASDAQ: 6,993.00 (-6.54%)

S&P 500: 2,588.00 (-5.96%)

Commodities

Gold: 1,353.20 (+3.12%)

Copper: 302.00 (-2.82%)

Crude Oil: 65.96 (+5.81%)

Economy

Noting that job gains have been strong in recent months and that economic activity has been rising at a moderate pace, the Federal Reserve Open Market Committee (FOMC) voted unanimously to raise the prime interest rate 0.25% to 1.5% - 1.75%, despite that fact that yearly inflation remains below their 2% target rate. The FOMC also updated their near term economic projections to show increases in expected GDP for 2018 (+0.2% to 2.7%) and 2019 (+0.3% to 2.4%), with longer run GDP unchanged at 1.8%. The unemployment rate was expected to drop further, with projections for 2020 down -0.4% to 3.6% and eventual stabilizing at a new longer run rate of 4.5% (-0.1%). Core PCE inflation expectations were increased +0.1% to 2.1% in 2019 and 2020, but overall PCE inflation was projected to remain at 2.0% over the longer run. Based on these projections, the FOMC forecast rate increases to 2.1% in 2018, 2.9% (+0.2%) in 2019, and 3.4% (+0.3%) in 2020, stabilizing at 2.9% (+0.1%) in the longer run.

 

New home sales were revised significantly upward for January by 29,000 to a seasonally adjusted annual rate (SAAR) of 622,000, with February’s sales falling only slightly behind at 618,000, up +0.5% from February 2017. The median sales price was $326,800, up 9.7% Y/Y, and the supply of houses on the market rose from 5.8 months to 5.9 months. Home sales rose +19.4% in the Northeast (+6,000, SAAR) and +9.0% in the South (+28,000 SAAR), but fell -3.7% in the Midwest (-3,000 SAAR) and -17.6% in the West (-35,000 SAAR). Sales of homes that had not yet been started jumped +24.6%, while sales fell for homes under construction (-6.7%) and completed homes (-10.4%).

 

Durable goods orders jumped +3.1% for February, after January’s upwardly revised -3.5% drop. The increase was led by a +7.1% increase in orders for transportation equipment, with automobile orders up +1.6%, a +25.5% increase in nondefense aircraft orders (vs -27.9% drop in January), and a +37.7% increase for defense aircraft orders (vs -48.9% drop in January). Stripping out transportation, orders were up +1.2%, with increases for primary metals (+2.7%), electrical equipment and appliances (+2.6%), and machinery (+1.6%), while orders fell for computers and electronic products (-0.2%). On a yearly basis, overall orders were up 9.1%, orders excluding transportation were up 8.5%, and orders rose in all categories except computers (-7.0%), and communications equipment (-4.5%).

Upcoming Events:

Wednesday March 28 - GDP, 2017 Q4 Final Revision

Thursday March 29 - Personal Income and Outlays

Earnings Calendar

Mon
RHT
PAYX
Tues
MKGAF
MGDDY
Wed
TCEHY
CKHUY
Thurs
STZ
SAIC
Fri
BACHY
CNTE

 

 

Finding Your Perfect ETFs In Stock Rover

 

Stock Rover's V7 Beta includes much more data on ETFs and Mutual Funds - find out about the new metrics available for these funds and how to screen for ETFs with Stock Rover Premium.

Read the Article
 

Find Stocks that Outperform Peers

 

This week in the Ideas panel, we’re featuring screeners that find stocks that have an edge over their industry peers, whether that be in profitability, price performance, or value. See what we’re catching!

You can download any of our featured screeners directly into your account by clicking the “Add to Account” link.

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