Market Weekly: Aug 28-Sep-01-2017

Viewing 15 posts - 16 through 30 (of 32 total)
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  • #11523
    Assistanc3
    Participant

    GDP Q2: +3.0% vs. +2.8% consensus and +2.6% prior estimate.
    Q2 Corporate Profits: +1.3% Q/Q, -2.1% prior.
    Aug. ADP Jobs Report: +237K vs.185K consensus, 178K prior.

    #11524
    Assistanc3
    Participant

    Early Wednesday, Motiva, the largest oil refinery in America said it started closing its Port Arthur refinery “in response to increasing local flood conditions.” The plant won’t open until flood waters recede.

    Motiva had been steadily reducing production at the plant for days.
    Late Tuesday it was running at only 40% capacity.

    #11525
    Assistanc3
    Participant

    At the close

    Dow +0.11% to 21,889.96. S&P +0.46% to 2,457.38. Nasdaq +1.05% to 6,368.39.
    Treasurys: 30-year -0.08%. 10-yr -0.12%. 5-yr -0.08%.
    Commodities: Crude -1.08% to $45.94. Gold -0.4% to $1,313.61.
    Currencies: Euro -0.7% vs. dollar. Yen +0.57%. Pound +0.01%.

    #11526
    Assistanc3
    Participant

    DryShips ($DRYS): Q2 EPS of -$37.12
    Revenue of $16.38M (+4.0% Y/Y)
    Shares -25% AH

    #11529

    ^^^ +3 … thank you, YES – “Dry Ships” = SELL ON THE NEWS

    #11531
    Assistanc3
    Participant

    July Pending Home Sales: -0.8% to 109.1 vs. +0.5% expected, +1.3% prior (revised)
    Aug. Chicago PMI: 58.9 vs. 58.6 consensus, 58.9 prior.

    Initial Jobless Claims +1K to 236K vs. 237K consensus, 235K prior (revised).
    Continuous Claims:-12K at 1.942M vs. 1.954M.

    July Personal Income and Outlays: Income +0.4% M/M vs. +0.4% consensus, +0.0% prior.
    Consumer spending +0.3%vs. +0.4% consensus, +0.2% prior.
    Core PCE Price Index +0.1% M/M in-line with consensus, +0.1% prior.

    The 30-year fixed-rate mortgage averaged 3.82% for the week ending Aug. 31, down from last week’s 3.86%, while the average 15-year fixed-rate mortgage remained averaged 3.12% vs. 3.16% a week ago, according to the latest weekly survey from Freddie Mac

    Bloomberg Consumer Comfort Index edges up to 53.3 from 52.8 last week.
    State of the Economy index improves to 54.4 from 53.2.
    Personal Finance index moves up to 59.3 from 59.0.
    Buying Climate index trickles up to 46.1 from 46.0.

    #11532
    Assistanc3
    Participant

    At the close

    Dow +0.27% to 21,951.74. S&P +0.56% to 2,471.62. Nasdaq +0.95% to 6,428.53.
    Treasurys: 30-year +0.16%. 10-yr +0.09%. 5-yr +0.03%.
    Commodities: Crude +2.46% to $47.09. Gold +1.09% to $1,328.47.
    Currencies: Euro +0.16% vs. dollar. Yen -0.26%. Pound -0.03%.

    #11534
    Assistanc3
    Participant

    Tesla’s ($TSLA) Gigafactory in Buffalo has started making solar cells for roofs, according to Bloomberg.

    “Like the vehicle production ramp, this starts off extremely slowly, but ramps up exponentially over time,” says a Tesla spokesperson.

    Tesla aims to reach 2 gigawatts of cell production annually at the Buffalo plant, up from an original target of 1 gigawatt by 2019. The Buffalo factory is operated as part of a partnership with Panasonic.

    #11536
    Assistanc3
    Participant

    Sen. Jeff Flake is one Republican willing to take on President Trump …
    Los Angeles Times – Aug 1, 2017

    Incumbent Sen. Jeff Flake (R-AZ) is underwater badly in his home state, with just 21 percent of Arizona Republicans supporting him for reelection against challenger Dr. Kelli Ward—who gets 47 percent support
    new poll from JMC Analytics Aug 29, 2017

    #11538

    it is amazing that markets have held in midst of major storm impacts … the folks in Texas are at top of my list to remember — and believe that major infrastructure project will be targeted there

    #11542
    Assistanc3
    Participant

    Hurricanes, North Korea Missiles, Federal investigations, Congress gridlocked
    has little long term power over the Federal Reserves printing press

    #11544

    [size=5][color=teal]Employment growth slowed a little more than expected last month

    U.S. adds 156,000 jobs in August as unemployment rate edges higher
    [/color]http://www.marketwatch.com/story/us-gains-156000-jobs-in-august-but-unemployment-rate-edges-up-to-44-2017-09-01[/size]

    #11545
    Assistanc3
    Participant

    August Nonfarm Payrolls: +156K vs. consensus +180K, +189K previous (revised from +209K).
    Unemployment rate: 4.4% vs. 4.3% consensus, 4.3% previous.

    Aug Consumer Sentiment: 96.8 vs. 97.4 expected and 97.6 prior.
    Current economic conditions 110.9 vs. 113.4 prior.
    Index of consumer expectations 87.7 vs. 80.5 prior.

    July Construction Spending: -0.6% M/M to $1,211.51B vs. +0.6% expected, -1.4% (revised) prior.
    Private construction -0.4%.
    Public construction -1.4%.

    ISM Manufacturing Index: 58.8 vs. 56.6 consensus and 56.3 prior.
    Employment 59.9 vs. 55.2 prior.
    Prices 62.0 vs. 62.0
    New Orders 60.3 vs. 60.4
    Production 61.0 vs. 60.6

    US PMI Manufacturing Index 52.8 vs. 52.5 consensus, 53.3 prior.

    Atlanta Fed tracker sees 3.2% GDP growth this quarter

    #11546
    Assistanc3
    Participant

    At the close

    Dow +0.17% to 21,986.45. S&P +0.19% to 2,476.38. Nasdaq +0.1% to 6,435.12.
    Treasurys: 30-year -0.64%. 10-yr -0.25%. 5-yr -0.14%.
    Commodities: Crude +0.21% to $47.33. Gold +0.64% to $1,330.64.
    Currencies: Euro -0.38% vs. dollar. Yen +0.27%. Pound -0.17%.

    #11547
    Assistanc3
    Participant

    Canadian and US markets will be closed Monday in observance of Labour Day

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