Subject: The Dogs of the Dow

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

Indices

DJIA: 21,394.80 (+0.05%)

NASDAQ: 6,265.25 (+1.84%)

S&P 500: 2,438.30 (+0.21%)

Commodities

Gold: 1,256.60 (+0.01%)

Copper: 262.30 (+2.30%)

Crude Oil: 43.09 (-3.69%)

Economy

Existing home sales rebounded to a stronger than expected 5.62 million annual rate in May, which is a +1.1% increase from a downwardly revised 5.56 million (-2.5%) annual rate in April. Total existing inventory of homes for sale rose to 1.96 million (+2.1%), but that is down from 2.14 million one year previously, and inventories have been falling for 24 consecutive months. Yearly gains in home prices have increased for the last 63 consecutive months, with a +5.8% increase over the last year.

 

The annual sales rate for new homes also recorded a larger than expected gain for May to 610,000. This is a +8.9% Y/Y increase, and a +2.9% increase from April, which was itself upwardly revised from 569,000 to a 593,000 annual rate. The median sales price rose from $310,200 in April to $345,800 in May (+11.5%), with a +16.8% Y/Y increase from May 2016’s $296,000 median. Sales rates were highest in the South (360,000, +6.2%) and the West (162,000, +13.3%), and fell in the Northeast (33,000, -10.8%) and Midwest (55,000, -25.7%).

 

For June, Markit’s Flash US PMI indicated slowing but continued growth, with the Composite and Services indexes both falling to 3 month lows of 53.0, and the Manufacturing and Manufacturing Output indexes falling to 9 month lows of 52.1 and 52.9, respectively. Respondents in the Service sector indicated a rise in new orders, increases in hiring, and a rise in input costs that were reflected in solid increases in output prices. In Manufacturing, respondents indicated slowdowns in both business growth and input price inflation, which were partially offset by job creation and inventory building. Markit’s analysis found business optimism for the year ahead, resilient hiring, improved pricing power, and healthy demand.

Upcoming Events:

Monday June 26 — Durable Goods Orders

Thursday June 29 — GDP, Q1 revision

Earnings Calendar

Mon
DKILY
GZPFY
Tues
PNGAY
SFTBY
Wed
MON
FANUY
Thurs
NKE
WBA
Fri
SDCJF
DPSI
 
 

Digging into the Dogs of the Dow

 

The popular Dogs of the Dow investment strategy finds the top 10 dividend yielders on the Dow each year and buys them equally. It's about as simple as a strategy gets and it has been shown to beat the Dow, but is it really something you should seriously consider? We test its premise and look for ways to tailor it to different investing goals.

Read the Article
 
 

This Week in Ideas: Dogtown

 

In this week's Ideas panel, we bring you multiple variations on the original Dogs of the Dow screener, several of which were presented in the above article. See Value Dogs, Dividend Growth Dogs, Out of Favor Dogs, and more. We also have a Large, Low-Risk Dividend Payers screener to help you find blue chips. See if there's a dog waiting for you!

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

Go to Ideas

Seamless Portfolio Tracking

 

To get the most out of Stock Rover’s portfolio tracking and analytics, link your SR account to your brokerage house. This free perk only takes a few minutes to set up and will keep your portfolios securely and effortlessly up to date from here on out. Log in and get it done today!

How to Sync
 
All Recent SR News
 

 
 

 

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

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