Subject: What Can Alerts Do For You?

Existing Home Sales, Federal Reserve Manufacturing Surveys, PMI Composite Flash | View this email in your browser

 
           
 

 
Rover's Weekly Market Brief
Rover

Indices

DJIA: 24,737.20 (+0.12%)

NASDAQ: 7,165.00 (+0.11%)

S&P 500: 2,665.00 (-0.21%)

Commodities

Gold: 1,308.20 (+2.00%)

Copper: 264.45 (-2.74%)

Crude Oil: 53.59 (-0.39%)

 

What Alerts Can Do For You

 

One of the best features of Stock Rover that you may not be using is Alerts. Alerts are great for letting the software do the work and taking the emotion out of investing. Read more about alerts in our latest blog post.

 

Economy

Existing home sales dropped -6.4% in December to an annualized rate of 4.99 million, the lowest rate of sales in more than three years. Other than a small increase in February, year over year sales fell every month in 2018 with December’s drop the steepest at -10.3%. The median sales price fell -1.4% to $253,600 (+2.9% Y/Y), and the number of sales fell the most for homes in the < $100,000 range (-19.6%) followed by sales for homes priced > $1 million (‑13.3%). Sales for condominiums fell more steeply at -12.9% to 540,000 (-11.5% Y/Y) as compared to a -5.5% drop for single family homes to 4.45 million (-10.1% Y/Y).

 

The Federal Reserve Banks of both Richmond and Kansas City issued their regional surveys of manufacturing activity for January, with the Richmond survey’s results pointing to weak growth while the Kansas City survey’s results showed continued modest growth. New orders dropped to -11, their lowest reading since June 2016, in the Richmond survey, and remained relatively flat at +1 in the Kansas City survey. Both reports cited growth in employment along with difficulties in finding skilled workers, and selected comments in the Kansas City report included business uncertainties due to tariffs and the federal government shutdown.

 

The IHS Markit Flash US Purchasing Managers’ Index (PMI) for January showed more robust growth for private sector companies than was seen in either of the Federal Reserve manufacturing surveys, with a rebound in new orders from a 14 month low the previous month and a marginal increase in backlogs of work. The report also showed that hiring slowed with some respondents citing efforts to improve productivity and streamline costs. Manufacturing production hit an 8-month high, with domestic demand making up for a slowdown in export sales, but supply chains were stretched as a result of lengthening vendor lead times and trade tariffs helped contribute to higher costs for imported raw materials.

Upcoming Events:

Wednesday January 30 - FOMC Meeting Announcement

Friday February 1 - Employment Situation

Earnings Calendar

Monday Tuesday Wednesday Thursday Friday
Caterpillar
(CAT)
Apple
(AAPL)
Microsoft
(MSFT)
Amazon
(AMZN)
Chevron
(CVX)
Celanese
(CE)
Pfizer
(PFE)
Facebook
(FB)
Mastercard
(MA)
Merck & Co
(MRK)

 

 

Rover's Investment Inspiration

 

This week we feature three screeners that use varying criteria to look for quality stocks:

  • Benjamin Graham Enterprising Screener - intinsic value based on earnings, dividends, assets and financial strength
  • Novy-Marx Quality - profits, momentum and value
  • Buffetology Inspired - criteria based on the best-selling Buffettology book
 

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

Go to Ideas
Sponsored Content
How to Make Money in Volatile Markets Like This [Free Webinar]

You're invited to join stock market expert Marc Chaikin (creator of Chaikin Money Flow) for a special event this Tuesday! He'll share what he's learned about making money in times like these from 40 years of trading. Plus, he'll be joined by OptionsPlay's Tony Zhang.

This event is filling up quickly so click here to register now.
 
 

 
 

 

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

Wishing you a productive week,

The Stock Rover Team
www.stockrover.com
Investing Ideas Our Blog
Getting Started Link Your Brokerage

 

Change your email preferences