Subject: Guru Portfolio Updates

Guru Portfolio Updates | View this email in your browser

 
   
 

 
Rover's Weekly Market Brief
Rover

Indices

DJIA: 25,864.80 (+1.79%)

NASDAQ: 8,576.00 (+0.10%)

S&P 500: 2,972.37 (+0.61%)

Commodities

Gold: 1,669.40 (+6.56%)

Copper: 255.60 (+0.39%)

Crude Oil: 41.42 (-7.46%)

 

Guru Portfolio Updates

 

We’ve updated our Guru Portfolios! You can see a full list of all our portfolios here and download the latest updates from the Stock Rover Library.

 
 

Economy

Citing the evolving risk to economic activity posed by the coronavirus, the Federal Reserve voted to lower the target range for the funds rate in an out of cycle adjustment by 1/2 percent to 1 - 1-1/4 percent. The February Beige Book summary of current economic conditions noted that the coronavirus was causing negative impacts on travel and tourism, and causing delays in some supply chains. Overall, the summary found that economic activity expanded at a modest to moderate pace, but that some districts fared better than others. The near term economic outlook was described as mostly modest growth with both the coronavirus and upcoming presidential election listed as potential risks.

 

The Institute for Supply Management’s (ISM) February 2020 report on Manufacturing showed continued but slowing growth as the Purchasing Managers’ Index (PMI) fell from 50.9 in January to 50.1, with GDP estimated to be at 2.1% growth. A contraction in new orders and low inventories contributed to a slump in demand, while consumption slowed as production growth dropped -4.0 points to 50.3, indicating slower growth, and employment rose +0.3 points to 46.9, indicating that employment contraction was slowing. Selected comments from respondents noted the potential impact of the coronavirus on supply chains, although some sectors (plastics & rubber products, furniture, and primary metals) noted increasing sales.

 

The unemployment rate ticked down from 3.6% to 3.5% in February as 273,000 new jobs were created, and the number of jobs created for both December and January were revised upward to 184,000 (+39,000) and 273,000 (+48,000), respectively. Jobs were created primarily in healthcare (+57,000), restaurants (+53,000), construction (+42,000), professional services (+32,000), and financial activities (+26,000). Government hiring added 45,000 jobs, led by 16,000 education jobs for state governments, and including 7,000 federal census workers. Average hourly pay was up $0.09 to $28.52 for all employees, up +3.0% Y/Y, and up $0.08 to $23.96 for nonsupervisory employees, up +3.3% Y/Y. The U-6 unemployment rate, which is a more comprehensive rate that includes part time and marginally attached workers, ticked up to +0.1% to 7.0%, up from a low of 6.7% in December.

Upcoming Events:

Wednesday March 11 - Consumer Price Index

Thursday March 12 - Producer Price Index

Earnings Calendar

Monday Tuesday Wednesday Thursday Friday
Chewy
(CHWY)
Southern
Copper
(SCCO)
Semtech
(SMTC)
Adobe
(ADBE)
Urstadt Biddle
Properties
(UBA)
Vail
Resorts
(MTN)
Vir
Biotechnologies
(VIR)
Five Point
Holdings
(FPH)
Broadcom
(AVGO)
FutureFuel
(FF)

 

 

Guru Strategies

 

Wondering which stocks the stock market Gurus are investing in? Visit Stock Rover's Library and import Guru inspired portfolios. Our latest updates include:

  • Bill Ackman - Pershing Square
  • Bill Gates Like
  • Bill Nygren - Oakmark Select
  • Bruce Berkowitz - Fairholme Fund
  • Carl Icahn - Icahn Capital Management
  • Daniel Loeb - Third Point
  • David Einhorn - Greenlight Capital Top 25
  • David Rolfe Top 25 - Wedgewood Partners
  • David Tepper Top 25
  • Dodge & Cox Top 25
  • Goldfarb & Poppe - Sequoia
  • Seth Klarman - Baupost Group
  • Tweedy Browne Value Top 25
  • Warren Buffett Top 25
  • Weitz Value

 

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

Go to Ideas
 
 

 
 

 

Thank you, as always,
for being a Stock Rover member.

Wishing you a productive week,

The Stock Rover Team
www.stockrover.com
Investing Ideas Our Blog
Getting Started Link Your Brokerage

 

Change your email preferences