Subject: Ratio Charts

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Rover's Weekly Market Brief
Rover

Indices

DJIA: 25,409.40 (-12.36%)

NASDAQ: 8,567.00 (-10.54%)

S&P 500: 2,954.22 (-11.49%)

Commodities

Gold: 1,578.70 (-4.25%)

Copper: 253.85 (-2.66%)

Crude Oil: 45.09 (-15.53%)

 

Ratio Charts

 

Stock Rover has a powerful built in facility called Ratio Charts that can help you to see time series data relationships in a whole new way. To learn more about this cool feature of Stock Rover, check out our Blog Post, or watch our 6 minute video that demonstrates what Ratio Charts can do for you.

 
 

Economy

New home sales rose +7.9% in January to a seasonally adjusted annual rate of 764,000, and December’s sales were revised upward to a 706,000 rate, but November was adjusted downward to 692,000. Overall sales vs January 2019 were up +18.6%, with increases of +49.1% in the West, +47.8% in the Midwest, and +46.7% in the Northeast, but a -2.4% drop in the South. The median sales price was $348,200, and the average price was $402,300, and homes priced higher than $300,000 made up 59% of the market in January vs 57% in December. Housing inventory for sale was relatively unchanged from December at 324,000, which is a 5.1 month supply at the current sales rate.

 

A -2.2% drop in orders for transportation equipment pulled down overall new orders for durable goods by -0.2% in January, and excluding transportation new orders were up +0.9%. Orders for defense had risen strongly in December, but pulled back in January, with defense aircraft down -19.6 in January after a +166.8% increase, and defense capital goods down ‑39.8% after a +87.4% increase. New orders for nondefense core capital goods, which act as a gauge for business investment, were up +12.4%, largely due to a +346.2% surge in civilian aircraft orders, and were up +1.1% when excluding aircraft as well.

 

A +0.5% increase in disposable personal income in January, vs a +0.1% increase for December, was attributed primarily to employee pay increases, yearly cost of living adjustments to social security, and Affordable Care Act refundable tax credits. Spending grew by $12.9 billion in January, but slowed to a +0.2% growth rate vs +0.4% in December, and the savings rate rose from 7.5% to 7.9%. Spending on new motor vehicles was the largest contributor to a $2.2 billion increase in goods spending, and spending on food services and accommodations were the largest components of a $10.3 billion increase in services spending. Yearly inflation was up +0.2% to a 1.7% annual rate, although core inflation, which excludes food and energy only nudged up to 1.6% (+0.1%).

Upcoming Events:

Monday March 2 - Institute for Supply Management (ISM) Manufacturing PMI

Friday March 6 - Employment Situation

Earnings Calendar

Monday Tuesday Wednesday Thursday Friday
Evergy
(EVRG)
Target
(TGT)
Zoom Video
Communications
(ZM)
Costco
Wholesale
(COST)
Pattern
Energy Group
(PEGI)
Dentsply
Sirona
(XRAY)
Ross
Stores
(ROST)
Brown-Forman
(BF.B)
Kroger
(KR)
Astec
Industries
(ASTE)

 

 

Ideas This Week

 

In this week's Ideas panel, we're looking for stocks with improving Altman Z scores and for Piotroski high F-Score stocks. Both measure a company’s financial strength which is an important consideration in an unsteady market.

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
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