Subject: Guru Portfolio Updates

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Rover's Weekly Market Brief
Rover

Indices

DJIA: 27,174.00 (-1.75%)

NASDAQ: 10,914.00 (+1.12%)

S&P 500: 3,298.46 (-0.63%)

Commodities

Gold: 1,867.00 (-4.41%)

Copper: 297.95 (-4.38%)

Crude Oil: 40.10 (-2.46%)

 

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

Existing home sales were up +2.4% to a seasonally adjusted annual rate of 6 million in August, marking the third consecutive monthly increase and up +10.5% from one year previously. Prices increased for the 102nd straight month, with the median home price gaining +11.4% for the year at $310,600. Single family homes, which comprise nearly 90% of the market, saw prices increase +11.7% to a median price of $315,000, and condominium and co-op prices were up +7.8% for the year to $273,000. Available inventory for sale was down -18.6% over the year to a 3.0 month supply, and the National Association of Realtors cited lack of available inventory as a driver for increased prices.

 

The IHS Markit Composite PMI index slipped by -0.2 in September to 54.4, reflecting a slowing in he pace of the current expansion, as a drop of -0.4 in Services to 54.6 countered an increase of +0.4 to 53.5 for manufacturing. Survey respondents reported a strong expansion in new orders linked to accelerating new business for service providers, although growth in manufacturers' new orders for foreign sales eased after a record high in August. Both service and manufacturing sectors reported increases in demand, cost burdens, and selling prices. A spokesman from IHS Markit commented that the third quarter was a solid rebound from the second quarter slump, but noted cooling business optimism as "businesses await clarity with respect to both the path of the pandemic and the election."

 

Durable goods new order growth slowed to +0.4% (+$1 billion) in August after a +11.7% increase in July and a +7.7% increase in June. New machinery orders led the increase with a +$0.5 billion gain (+1.5%) to $31.2 billion with additional increases for computers and electronics (+$0.3 billion), “other” durable goods (+$0.27 billion), and primary metals (+$0.22 billion). Transportation equipment orders edged up +0.5%, but fell -4.0% (-$2.6 billion) for motor vehicles and -6.4% (-$0.3 billion) for defense aircraft, while civilian aircraft orders continue to remain in negative territory with a -137.8% drop in orders for the year. Excluding transportation, orders were up +0.4% ( -3.0% Y/Y), and core capital goods, which exclude transportation and defense and serve as a measure of business investment, were up +1.8% (-1.4% Y/Y), slowing from +2.5% growth in July and +4.3% growth in June.

Upcoming Events:

Thursday October 1 - PCE Price Index

Friday October 2 - Employment Situation Report

Earnings Calendar

Monday Tuesday Wednesday Thursday Friday
Thor
Industries
(THO)
Micron
Technologies
(MU)
Novagold
Resources
(NG)
PepsiCo
(PEP)
No
Earnings
Reports
Cal-Maine
Foods
(CALM)
McCormick
& Co
(MKC)
Enerpac Tool
Group
(EPAC)
Constellation
Brands
(STZ)

 

 

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 Katz - Matrix Advisors Value 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
  • Yacktman Focused - Top 25
 
 

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
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