Subject: Unlock the Power of Custom Financial Metrics

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Rover's Weekly Market Brief
Rover

Indices

DJIA: 35,369.40 (-0.24%)

NASDAQ: 15,363.50 (+1.55%)

S&P 500: 4,535.54 (+0.58%)

Commodities

Gold: 1,831.90 (+0.81%)

Copper: 433.40 (+0.36%)

Crude Oil: 69.27 (+0.77%)

 

Unlock the Power of Custom Financial Metrics

 

Learn how to create your own financial metrics and have them integrated into Stock Rover as if they were built-in from day one. Custom Metrics are easy to create and are quite powerful, as they can source current or historical data from any of the over 600 existing metrics in Stock Rover.

 

You can learn more about creating create custom financial metrics from our blog post.

 
 
 

Economy

The National Association of Realtors (NAR) reported that its Pending Home Sales Index, based on contracts signed in July, fell 1.8% after dropping a revised 2.0% in June. Signings are down 8.5% year-over-year. Lawrence Yun, NAR's chief economist stated that "The market may be starting to cool slightly, but at the moment there is not enough supply to match the demand from would-be buyers". Signings declined month-over-month in three of four U.S. regions led by the Northeast (-6.6%), Midwest (-3.3%), and the South (-0.9%). Contract signings increased in the West (+1.9%). All regions experienced year-over-year declines led by the Northeast (-16.9%), Midwest (-8.5), South (-6.7%), and West (-5.7%). Contract signings are seen as a precursor to housing market health as they convert to existing home sales a month or two later

 

The Conference Board’s Consumer Confidence Index declined in August to a six-month low 113.8 and follows a downwardly revised 125.1 for July. The Present Situation Index, which is based on consumers’ sentiment of current business conditions and the labor market, declined to 147.3, down from 157.2 in July. The proportion of consumers planning to purchase homes, automobiles, and major appliances all showed cooling. The Expectations Index, which measures consumers’ short-term outlook for income, business, and the job market dropped to 91.4 as compared to last month’s 103.8 reading. The share of consumers that indicated jobs were plentiful decreased to 54.6%, down slightly from June’s 55.2%. The share of consumers who said jobs were hard to get increased to 11.8%, up from 11.1% last month. The percentage of consumers who said business conditions are “good” dropped to 19.9%, down from 24.6% in July.

 

The U.S. Bureau of Labor Statistics reported the unemployment rate dropped slightly in August to 5.2% as only 235,000 jobs were added, this follows July’s upwardly revised 5.4% and 1.053 million jobs.  The report represents the smallest job count since January 2021. The number of unemployed decreased to 8.4M in August. Leisure and hospitality which has been a primary contributor to job growth came in flat after increasing by an average of 350K per month over the last 6 months Leisure and hospitality is down some 1.7M jobs since February 2020. Professional Services reported (+74K) for August, (-468K) since February 2020. Manufacturing came in at (+37K), helped by gains in motor vehicle and parts (+24K), and is down (-378K) over February 2020. Transportation and warehousing reported (+53K), showing a slight increase (+22K) over February 2020. Education showed mixed job results for August with private (+40K), state (-21K), and local (-6K). Overall education jobs are down with private (-159K), state (-186K), and local (-220K) as compared to their pre-pandemic levels.  The labor force participation rate was little changed at 61.7%, still down from 63.3% in February 2020. The number of persons not in the labor force who currently want a job dropped 835K to 5.7M, the figure is up 700K over February 2020.

Upcoming Events:

Wednesday September 6 - JOLTs Job Openings (July)

Friday September 10 - Producer Price Index (MoM) (August)

Earnings Calendar

Monday Tuesday Wednesday Thursday Friday
Fortescue
Metals Group
(FSUGY)
Coupa
Software
(COUP)
AeroVironment
(AVAV)
Oracle
(ORCL)
Kroger
(KR)
Chorus
(CHRYY)
H&R Block
(HRB)
Lululemon
Athletica
(LULU)
Zscaler
(ZS)
Keyence
(KYCCF)

 

 

Magical Thinking

 

On the Ideas panel this week, you’ll find three versions of ranked screeners based on the Magic Formula. Although similar in concept to each other, the screeners each net a slightly different population of stocks. Here’s hoping they offer more than magical thinking!

 

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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