Subject: Six Picks for Your Watchlist

Plus, the Weekly Market Brief | View this email in your browser
 
           
 
 
Rover's Weekly Market Brief
Rover

Indices

DJIA: 18,261.40 (+0.76%)

NASDAQ: 5,305.75 (+1.17%)

S&P 500: 2,164.69 (+1.19%)

Commodities

Gold: 1,341.40 (+2.69%)

Copper: 220.00 (+1.85%)

Crude Oil: 44.72 (+3.93%)

Economy

As generally expected, there will be no increase to the federal funds rate this September. However, Federal Reserve Chairwoman Janet Yellen signaled in Wednesday’s FOMC meeting announcement that, thanks to accelerating growth in the second half of the year, a rate increase before the year’s end is possible and even likely.


Housing starts and permits fell in August by a sharp 5.4%, with most of the weakness coming from the multi-family segment. The Y/Y rate for multi-family permits is now negative, although the Y/Y rate for multi-family starts remains positive at 4.7%, despite the August dip. Permit growth for single-family homes, a major component of housing demand, was a bright spot—the number of single-family permits rose a solid 3.7% for the month.


The existing home sales report for August showed a 0.9% monthly drop to 5.33M annualized rate, just a notch over where the rate was last year at this time. Prices are soft, with the median price down M/M 1.3% to $240,200, which may be keeping some potential sellers out of the market. The weakness in the resale market is fairly evenly distributed throughout the country, with the South seeing slightly more resales than other regions.

Upcoming Economic Reports:

Mon September 26 — New Home Sales (indicator of economic momentum)

Thurs September 29 — GDP (primary indicator of economic growth)

Earnings Calendar

Mon
CUK
CALM
Tues
NKE
HDB
Wed
PAYX
CIOXY
Thurs
PEP
ACN
Fri
MCK
--
 
 

Six Stocks for Your Watchlist

 

In the mood for some fresh investing ideas, we hit the screeners this week and came up with six picks with good fundamentals. To keep it diverse, we selected two small caps, two mid caps, and two large caps. On our blog we discuss why we think these picks are worth a deeper look. You can download the watchlist “September 2016” (which includes a bonus pick!) from our Library.

See the Stocks
 
 

Get the Screeners

 

Our Ideas panel this week features the small-, mid-, and large-cap screeners that we used to find the stocks featured on our blog this week. The screeners have a growth focus, with a smattering of other qualities to help find well-rounded companies.

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

Go to Ideas

A Guide for New Investors

 

Just getting started with investing, or know someone who is? Our brand new guide teaches the fundamentals of stock research in short, readable chapters on topics like cash flow, profitability, and valuation. Practical exercises help cement the lessons, with supplemental materials showing where to find the relevant information in Stock Rover.

Read the Guide
 
All Recent SR News
 
 
 
 

Get the most out of Stock Rover's portfolio tracking and analytics by linking your account to your brokerage house. Its free and easy, find out how.

Wishing you a productive week,

The Stock Rover Team

www.stockrover.com

SR Markets Investing Ideas
Our Blog Getting Started
Link Your Brokerage Premium Free Trial
 
Change your email preferences