Subject: Weekly Market Brief

Spring Sale: 25% off Premium Plans | View this email in your browser

 
           
 

 
Rover's Weekly Market Brief
Rover

Indices

DJIA: 24,946.50 (-1.54%)

NASDAQ: 7,482.00 (-1.04%)

S&P 500: 2,752.00 (-1.24%)

Commodities

Gold: 1,313.60 (-0.79%)

Copper: 312.75 (-0.27%)

Crude Oil: 62.21 (+0.27%)

Economy

The Consumer Price Index (CPI) rose +0.2% (+2.2% Y/Y) in February, down from January’s +0.5%   (+2.1% Y/Y)   increase.   Overall energy costs were up +0.1% with drops in gasoline (-0.9%) and fuel oil (-3.6%) balanced by increasing prices for piped gas (+4.7%) and electricity (+0.4%). Similarly, a -0.2% drop in prices for food at home balanced a +0.2% increase in food away from home to keep overall food prices unchanged for the month. Stripping out food and energy, core CPI was up +0.2% (+1.8% Y/Y), with drops in the prices for new vehicles (-0.5%), used vehicles (-0.3%), and medical care commodities (-0.3%), and increases for apparel (+1.5%), transportation services (+1.0%), and shelter (+0.2%).

 

Retail sales dropped -0.1% in February, widely missing an expected +0.3% increase, and marking the third consecutive monthly decline, although despite the recent slowdown yearly sales were up +4.0%. Sales dropped significantly for motor vehicles (-0.9%) and gas stations (-1.2%), and stripping out those components brought sales up +0.3%, with gains for building materials (+1.9%), sporting goods/hobbies (+2.2%), and nonstore (i.e. online) retailers (+1.0%), more than offsetting sales losses at department stores (-0.9%) and furniture stores (-0.8%). On a yearly basis, sales increased notably at nonstore retailers (+10.1%), gasoline stations (+7.9%), miscellaneous retailers (+7.5%), and dropped only at sporting goods/hobbies retailers (-3.5%).

 

Industrial production was up +1.1% (+4.4% Y/Y) in February after January’s downwardly revised -0.3% slowdown. Increases in oil and gas extraction pushed mining activity up +4.3% and manufacturing rose +1.2% with increases in motor vehicles (+3.9%), computers (+1.5%), and furniture (+1.9%), and decreases in petroleum and coal products (-2.8%) and electrical equipment and appliances (-0.8%). Warming temperatures contributed to a -4.7% fall in production for utilities with electricity dropping -3.3% and natural gas down -13.8%. Industrial capacity utilization rose from 77.5% to 78.1%, it’s highest rate since January 2015, but is still -1.7% below long run capacity utilization average.

Upcoming Events:

Wednesday March 21 - Federal Open Market Committee (FOMC) Meeting Announcement

Friday March 23 - Durable Goods Orders

Earnings Calendar

Mon
ORCL
DB
Tues
VLKAY
FDX
Wed
GIS
FIVE
Thurs
NKE
ACN
Fri
FINL
DXLG

 

Spring Sale: 25% off Premium

Reinvigorate your stock research this spring with Stock Rover Premium. Get 25% off your first year or first quarter, now through Monday, March 26th!

Upgrade to Premium

Coupon Code: Spring18

 

 

Try Out Guru Strategies

 

This week our Ideas panel features screeners based on the strategies of three investing pros: James O’Shaughnessy (author of “What Works on Wall Street”), Benjamin Graham (the father of value investing), and Warren Buffett (you might have heard of him?). Enjoy!

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

Go to Ideas

Guru Portfolio Updates

 

Wondering which stocks the stock market Gurus are investing in? Visit Stock Rover's Library and import Guru inspired portfolios. Our latest updates include:

  • Bill Ackman - Pershing Square
  • Bruce Berkowitz - Fairholme Fund
  • Bill Gates Like
  • Bill Nygren - Oakmark Select
  • Carl Icahn - Icahn Capital Management
  • Daniel Loeb - Third Point
  • David Einhorn - Greenlight Capital Top 25
  • David Katz - Matrix Advisors Value Top 25
  • David Rolfe Top 25 - Wedgewood Partners
  • David Tepper Top 25
  • Dodge & Cox Top 25
  • Goldfarb & Poppe - Sequoia
  • Seth Klarman - Baupost Group
  • Tweedy Browne Value Top 25
  • Warren Buffett Top 25
  • Weitz Value
  • Yacktman Focused - Top 25
Import Portfolios
 
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