Market Weekly: Mar 17 – Mar 23 2019

Viewing 15 posts - 1 through 15 (of 43 total)
  • Author
  • #20179

    [size=5][color=purple]Where have we been and where are we 🙂
    Hope it is a good week for all — as we forge ahead into SPRING[/color][/size] 8)

    [color=limegreen][size=5][b]HAPPY ST. PATRICK’S DAY
    someone in church shared the story of how he brought gospel to England around 400 AD


    Happy St Patrick’s Day

    Keeping up with CI tradition here’s my songs that will be blasting out in the Blarney household until they can’t anymore:

    ”I’m Shipping Up to Boston” by Dropkick Murphys

    On the US I think of Chicago’s green river and Boston on St. Patrick’s Day so I am banging off with. “I’m Shipping Up to Boston”.


    Next off the rank:

    “Dirty Old Town” by The Pogues

    Can’t get further into the day without the Pogues … the harmonica here will stick with you all day!


    So many great tunes:

    Love thin Lizzy’s version but here’s The Dubliners – great for early – Lizzy later …

    The Dubliners – Whiskey in the Jar (best version!!!)


    Great theme 🙂

    Something a little bit different

    “Fisherman’s Blues” by The Waterboys


    Ok one more ;;;;;

    “Seven Drunken Nights” by The Dubliners

    Huge chance of this being sung tonight ….


    ^^^^ +1s … more CELTIC works of art below 8)


    [color=green][size=5][b]WOW – This link has 25 BEST of all time CELTIC with U-TUBE links 8)
    and sharing a few more good ones below


    Great music shares by all – lets keep the Irish theme going all week gang 🙂


    Brexit Update via UK PM spokesman James Slack:

    Government prefers short, technical Brexit extension
    If vote fails this week, will seek longer extension
    UK will then have to take part in European parliament elections
    Brexit date can be changed with secondary legislation
    Brexit talks ongoing between government and DUP
    Doesn’t rule out a Brexit vote next week
    Government is still preparing for no-deal Brexit


    NAHB US Housing Market Index 62 v 63 expected
    Prior was 62

    Single family homes 68 vs 66 prior
    Sales over the next six months 71 vs 68 prior
    Prospective buyers 44 vs 48 prior

    The Report’s Importance

    The report is formulated based on responses from homebuilders, which relate to their perspective on the condition of the housing market. and seen as a useful sentiment gauge for helping to determine the outlook for housing.

    The report asks for opinions on current conditions for new home sales, the six-month outlook for new home sales, and new home buyer traffic.

    Housing is an important industry for the U.S. economy given its multiplier effect (i.e. helps to create jobs, demand for appliances, flooring, and furniture, home services, remodeling activity, etc.), so the ebb and flow of the NAHB Index can influence expectations for the broader economic outlook.

    It’s a current report in that it covers the month in which it is released, offering a more current view of homebuilder sentiment as opposed to a more dated view of activity that one gets with other economic releases.

    This report was released today during a typically strong period for the housing market, so it would be a disappointment if there was a notable deterioration in homebuilder sentiment.

    The December 2017 reading (74.0) was the highest reading since July 1999.

    Related ETFs
    iShares US Home Construction (ITB)
    SPDR S&P Homebuilders ETF (XHB)

    Individual homebuilding stocks
    DR Horton (DHI)
    Lennar Corp (LEN)
    PulteGroup (PHM)
    NVR, Inc. (NVR)
    Toll Brothers (TOL)
    KB Home (KBH)
    Beazer Homes (BZH)
    CalAtlantic Group (CAA)
    Hovnanian Enterprises (HOV)
    TRI Pointe Group (TPH)

    Related housing stocks
    Home Depot (HD)
    Lowe’s (LOW)
    Sherwin-Williams (SHW)
    Fortune Brands Home & Security (FBHS)
    Mohawk Industries (MHK)
    Owens Corning (OC)
    Masco (MAS)
    Bed Bath & Beyond (BBBY)


    Lumber Liquidators Holdings Crushed Again After Earnings

    Seems every earnings it gives up 10%

    [color=red]NYSE: LL · March 18, 10:38 AM EDT
    9.12 ▼ 1.08 (10.59%)[/color]

    Reported a loss of $56.9 million, or $1.99 a share, after reporting a profit of $3 million, or 10 cents a shares, a year ago. On an adjusted basis, the company reported earnings of 17 cents per share, topping analysts’ expectations by a nickel.

    BUT Revenue of $268.9 million was below Wall Street’s $273.2 million expectations and Chief Financial Officer (CFO) Martin Agard announced that he is leaving the company effective April 5.

    The company reported paying $61 million in accruals from legal settlements with local and federal regulators for misleading investors about selling laminate flooring with excessive amounts of formaldehyde. The company’s settlement agreement didn’t force it to admit fault or liability.

    “2018 was a year of transformation for Lumber Liquidators, during which we executed on our growth initiatives, put significant legacy legal issues behind us, and laid the groundwork to position us for long-term success,” CEO Dennis Knowles said

    Just last week LL agreed to pay $33 million to the Securities and Exchange Commission and federal prosecutors in relation to the formaldehyde settlement agreement.

    The company was accused on knowing that its largest Chinese supplier had failed third-party formaldehyde emissions testing and was unable to produce documentation showing regulatory compliance.


    [b][i][color=brown][size=4]ST PADDY’s GREEN at CLOSE 8) 8) 8)

    P.S. Check out RIVERDANCE for ultimate in music & Irish dancing – Find of century for me) 🙂
    My better 1/2 is horse lover so more CELTIC from a favorite artist[/size][/color][/i][/b]

    [size=6][color=limegreen][b]Dow 25,914.10 65.23 0.25%
    S&P 500 2,832.94 10.46 0.37%
    Nasdaq 7,714.48 25.95 0.34%
    GlobalDow 3,040.82 18.26 0.60%
    Gold 1,302.70 -0.20 -0.02%
    Oil 58.95 0.43 0.73%[/b][/color][/size]


    EU expects May to ask for an Article 50 extension to June 30 – FT

    FT says a letter from May expected today to ask for a Brexit extension to June 30.

    BBC also says the UK will ask for an option on a possible two-year delay as well. via Laura Kuenssberg:

    “One source says there was no agreement in the room, another source furious that it seems PM avoiding making an actual decision again about the option she would like to take but wants option of short delay to try to find way of having another go with her deal.”


    [size=5][color=green][b]US January factory orders +0.1% v +0.3% expected
    Prior +0.1%

    Factory orders ex transportation-0.2% v -0.6% prior (revised to -0.5%)

    Orders for transportation equipment led the rise again (1.2 percent compared to 3.2 percent in December), namely motor vehicle bodies, parts and trailers (0.4 percent compared to 1.5 percent) and nondefense aircraft and parts (15.6 percent compared to 35.7 percent).

    Increases were seen in orders for machinery (1.5 percent compared to -0.4 percent) and electrical equipment, appliances and components (1.4 percent compared to -0.3 percent).

    Orders fell for fabricated metal products (-0.6 percent compared to +1.3 percent); computers and electronic products (-0.9 percent compared to -0.4 percent) and non-durables (-0.2 percent compared to -1.1 percent).

    Factory Orders in the United States averaged 0.28 percent from 1991 until 2019, reaching an all time high of 10.60 percent in July of 2014 and a record low of -10 percent in August of 2014.

Viewing 15 posts - 1 through 15 (of 43 total)
  • You must be logged in to reply to this topic.