Join us in our weekly market thread as we talk about USA Housing starts and building permits, MBA mortgage applications, Initial jobless claims and Canada Existing home sales, Consumer Price Index, Retail and manufacturing sales and of course, Trump.
comment section below data
Last Weeks recap
| Mortgage applications w/w purchase -3% YoY purchase +3% w/w refinance -13% M1 Initial jobless claims | Oil prices and usage Oil +$2.30 to $46.68 w/w Gas prices +$0.04 to $2.30 w/w Usage 4 wk avg -0.3% YoY M2 0.291 TED spread -0.005 w/w | Railroad transport Carloads +1.1% YoY loads ex-coal -1.0% YoY Intermodal units +3.7% YoY Total loads +2.4% YoY Shipping transport NYSE ^TRIN |
| Week Dow Jones 1.0% Nasdaq 2.6% S&P 500 1.4% Russell 2000 0.9% | YTD Dow Jones 9.5% Nasdaq 17.3% S&P 500 9.8% Russell 2000 5.3% |
Baltic Dry Index
P/Es & Yields on Major U.S. Indexes
Earnings report this week – here is a ticker list of notables
MegaCaps: MSFT JNJ BAC GE V NVS
LargeCaps: PM UNH UL UN IBM SAP HON SLB GS UNP USB ABT MS QCOM LMT VOD AXP BLK NFLX CL DHR ASML AMX BK ABB TMUS CSX BX COF EBAY BBT CCI ISRG TRV SHW PLD PPG STI PGR MTB RCI UAL ERIC CP SYF AMTD MCO NTRS KEY KB WIT FITB NUE SWKS CHKP OMC CFG RF IBKR HBAN ADS AGR TXT CTAS FNF CMA MXIM DOV GPC KSU ETFC SLG ALV
MidCaps: GWW URI CHRW ECA HOG SNA STLD EWBC CCK SBNY ELS WBC PTC ASR AA BKFS PBCT BRO PII ATHN PACW SNV GNTX WAL SON NCR SLM WBS POOL MDSO NAVI FNB SKX WTFC MTG HBHC IBKC UMPQ TCBI ASB MBFI SXT HOMB LHO VMI MANH FULT PNFP CATY BDN WAFD BXS GBCI NEOG SSB CVBF GATX HAWK RLI EGBN DGI
8) three of my favorite stocks report this week MSFT V and GE
GE sure has slumped this year (-17.93%)
Big Week for earnings with more banks and Netflix on Monday starting the wild swings off.
Visa will probably report a boat load of money
Just wondering about the consumer being tapped out, Visa earnings call will be a good indicator into that info
China Q2 GDP Y/Y, 6.9% vs. 6.8% expected
China June Industrial Production Y/Y, 7.6% vs. 6.5% expected
China June Retail Sales Y/Y, 11% vs. 10.6% expected
China is back – or just their statistic department 🙂
Good question
but every govt/business fudge the data one way or another till they can’t hide it anymore
Very true who do we believe, it’s now a game of who can tell the biggest lies.
Slow opening for US stocks S&P up 0.06% at 2460
Dow down -0.01% Nasdaq the leader, up 14 points or 0.22%
[b]Earnings I am watching today:[/b]
Charles Schwab Corp.
BlackRock Inc
Netflix
Gold, Silver, NatGas, Copper, CAD = TSX UP
Amazon could explode higher by 60% to $1,600 in just 12 months, rivaling Apple’s size, UBS says
[img]http://finviz.com/publish/071717/AMZNc1dl1011.png[/img]
[quote name=”Assistanc3″]Amazon could explode higher by 60% to $1,600 in just 12 months, rivaling Apple’s size, UBS says[/quote]
Much of these reminds me of Harry Blodget’s calls back in yr 2000 …
I did not realize that Boeing is the #1 stock of the DOW currently
[url]https://www.thestreet.com/story/14230247/1/how-boeing-became-the-no-1-dow-stock-and-why-it-could-stay-there.html[/url]
[quote]Two months ago, on May 17, the U.S. government said it would investigate a claim by Boeing Co. (BA) that Canada illegally subsidized sales of its C-Series aircraft to Delta Air Lines Inc (DAL) . Immediately, Canada warned that it could cancel its planned purchase of 18 Super Hornet fighter jets. Investors dumped Boeing stock. Shares closed May 16 at $182.70. The next day they traded as low as $175.40, down 4%.
That turned out to be a major buying opportunity because Boeing shares have been on a tear ever since. While the Dow Jones Industrial Average has gained 3.1% since the May 16 close, Boeing shares have gained 14%. Year to date, the Dow has risen 9.49% while shares in [b]Boeing, the No. 1 performer on the Dow, have jumped 34%[/b].[/quote]
Indeed Boeing has been on a tear since Trump got it and defense orders etc – remember thought they had been sold off heavily prior – so perhaps a little distorted
[b]Major European stockmarket Closes[/b]
France CAC unchanged
German DAX -0.3%
Italy FTSE MIB unchanged
Portugal PSI20 -0.2%
Spain’s IBEX -0.1%
WTI crude oil futures settled $46.02 down -$0.52 or 1.2% on the day. High was $46.88, low $45.97.The 50 DMA was 46.56 so that tested and failed today which was also monthly option expiration.
BHP Billiton PLC (BHP) , Rio Tinto PLC (RIO) both up big on the Chinese Steel record production overnight. The AUD rallied on that also.
CLOSE was a relatively “flat” day … ([i]that may even be bullish consolidation where some backing & filling is needed — even at record levels[/i]) … [b]NETFLIX[/b] is “great again” with record # of subscribers & was [b]up 8% after the BELL[/b] 8)
Toronto Stock Exchange’s S&P/TSX composite index pulled back 9.45 points to 15,165.36. Metals and materials stocks were the index’s biggest gainer
[b]Hoping things improve down the road with the new theme of week … and actually we should NOT be 100% made in USA … [u]but in some sectors we are near 0%[/u] – so where we can revive things is indeed a positive step to economic improvement [/b] 8)
[img]https://www.brandsoftheworld.com/sites/default/files/styles/logo-thumbnail/public/0019/0662/brand.gif[/img]