Subject: Ratio Charts Are Here!

Job Openings and Labor Turnover, Producer Prices, Retail Sales | View this email in your browser

 
           
 

 
Rover's Weekly Market Brief
Rover

Indices

DJIA: 24,100.50 (-1.18%)

NASDAQ: 6,911.00 (-0.84%)

S&P 500: 2,600.00 (-1.26%)

Commodities

Gold: 1,242.30 (-0.82%)

Copper: 276.45 (+0.24%)

Crude Oil: 51.20 (-2.68%)

 

Ratio Charts Are Here!

 

We are excited to announce Ratio Charts, a brand new feature added to the Stock Rover charting facility. Ratio Charts allow you to see time series data relationships in a whole new way. To learn more, click here.

 

Economy

There were 7.1 million job openings on the last day of October, second only to a high of 7.3 million in August, and the ratio of unemployed per job opening hit a low of 0.9. Separations remained steady at at 5.6 million, while hires edged up by +196,000 to 5.9 million. Job openings increased for information (+45,000), real estate (+38,000), and education, including government education (+37,000), and hires increased for transportation/warehousing/utilities (+90,000), and durable goods manufacturing (+43,000). Job openings decreased for non-education government jobs (-38,000) and transportation/warehousing/utilities (-33,000), and hires decreased for mining and logging (-11,000). The total number of separations was also relatively stable at 5.6 million, with 3.5 million quits, 1.7 million layoffs/discharges, and 351,000 other separations.

 

Wholesale inflation edged up by +0.1% in November as increases in service and food prices offset a sharp decline in energy prices, with overall yearly wholesale prices dropping -0.4% to +2.5%, prices excluding food and energy increasing +0.1% to +2.7%, and prices excluding food, energy and trade services holding steady at +2.8%. The increase in service prices was primarily due to a +0.3% increase in final demand trade services, which measures the change in margins received by wholesalers and retailers. Goods prices dropped by -0.4%, for the largest decrease since a -0.5% drop in May 2017, with a -14.0% drop in gasoline prices dragging overall energy prices down by -5.0%, which was partially balanced out by +1.3% increases in food prices and +1.5% increases in pharmaceutical preparations.

 

Falling energy prices also affected retail sales, with a -2.3% drop in gasoline sales pushing down overall sales to a +0.2% gain for November after an upwardly revised +1.1% for October. Sales also fell for building supplies (-0.3%) and restaurants (-0.5%) but increased for online retailers (+2.3%), electronics (+1.4%), furniture (+1.2%), and health and personal care (+0.9%). Excluding motor vehicle and gasoline sales, retail sales were up +0.5% compared to a +0.7% gain in the previous month. On a yearly basis, sales were up +4.2% overall, with gains of +10.8% for online retailers, +8.2% for gasoline stations, +5.6% for restaurants, +4.1% for clothing, and +4.0% for electronics, and sales falling -8.8% for sporting goods/hobby/book stores and -0.2% for department stores.

Upcoming Events:

Wednesday December 19 - FOMC Meeting Announcement

Friday December 21 - Durable Goods Orders

Earnings Calendar

Monday Tuesday Wednesday Thursday Friday
Red Hat
(RHT)
FedEx
(FDX)
Paychex
(PAYX)
Nike
(NKE)
CarMax
(KMX)
MediciNova
(MNOV)
Micron
Technology
(MU)
General
Mills
(GIS)
Cintas
(CTAS)
Lakeland
Industries
(LAKE)

 

 

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 a rising interest rate environment.

 

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

Go to Ideas
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Wishing you a productive week,

The Stock Rover Team
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