Subject: Tools and Tricks in Stock Rover V7

2018 Q1 GDP revision, Personal Income and Outlays, Employment Situation | View this email in your browser

 
           
 

 
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Indices

DJIA: 24,635.20 (-0.48%)

NASDAQ: 7,554.00 (+1.62%)

S&P 500: 2,735.00 (+0.50%)

Commodities

Gold: 1,297.70 (-0.46%)

Copper: 306.50 (-0.41%)

Crude Oil: 65.55 (-3.43%)

Economy

The second estimate of GDP for 2018 Q1 was revised downward by -0.1% to 2.2% from the advance estimate due to downward revisions to private inventory investment (-0.3%), residential fixed investment (-0.08%) and exports (-0.6%), which were partly offset by upward revisions to nonresidential fixed investment (+0.37%). The first estimate for Gross Domestic Income (GDI) growth was +2.8% compared to an upwardly revised +1.0% (+0.1%) for Q4, and the price index for gross domestic purchases was +2.7% Y/Y. Corporate profits from current production, adjusted for inventory and capital consumption, were down -$12.4 billion (vs. -$1.1 billion for Q4).

 

A +0.3% increase in employee compensation pushed personal income up +0.3% in April, while March’s increase was revised downward by -0.1% to +0.2%. The personal savings rate dropped to +2.8% (-0.2%), helping to finance a +0.6% increase in personal consumption expenditures (PCE), which included a +0.9 increase in expenditures for nondurable goods and a +0.5% increase in service spending. The PCE price index increased +0.2% (+2.0% Y/Y), and core PCE inflation, excluding food and energy, was up +0.2% (+1.8% Y/Y). March's yearly core PCE inflation was revised downward -0.1% to +1.8%, leaving yearly core PCE inflation unchanged in April, and below the Federal Reserve's target 2.0% rate.

 

Employment increased by 223,000 in May, pushing the unemployment rate down to 3.8%, while the workforce participation rate ticked down from 62.8% to 62.7%. Employment increased in retail (+31,000 M/M), health care (+29,000), construction (+25.000), professional services (+23,000), transportation and warehousing (+19,000), and manufacturing (+18,000), with average hourly earnings up +0.3% (2.7% Y/Y), and the workweek remaining steady at 34.5 hours. The more comprehensive U-6 unemployment rate, which also includes part time workers seeking full time employment, dropped -0.2% to 7.6%.

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Tools and Tricks in Stock Rover V7

 

In our last few posts we’ve been showing off Stock Rover V7's cool new capabilities - this week's post will show you how to view historical data for table columns, use V7's expanded search function, and more.

Read the Article
 

Find Profitable Companies

 

In ideas this week you'll find screeners using several profitability metrics described in our blog post "Know Your Profitability Metrics", with the goal of bringing you quality, efficient companies. Check it out!

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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