Market Weekly: July 17-21-2017

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
+1.3% w/w
+1.0% m/m
+7.8% YoY Real M1

Initial jobless claims
247,000 -1,000

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
-0.2% w/w
+0.1% m/m
+3.7% YoY Real M2

0.291 TED spread -0.005 w/w
1.1226 LIBOR +0.0002 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
Harpex -4 to 436
Baltic Dry +41 to 888

NYSE ^TRIN
1.07

 


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
Baltic Dry Index

P/Es & Yields on Major U.S. Indexes
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

18 thoughts on “Market Weekly: July 17-21-2017”

  1. Assistanc3 says:

    8) three of my favorite stocks report this week MSFT V and GE
    GE sure has slumped this year (-17.93%)

  2. TradersCom says:

    Big Week for earnings with more banks and Netflix on Monday starting the wild swings off.

  3. Assistanc3 says:

    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

  4. Assistanc3 says:

    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

  5. TradersCom says:

    China is back – or just their statistic department 🙂

    1. Assistanc3 says:

      Good question
      but every govt/business fudge the data one way or another till they can’t hide it anymore

  6. ThePitBoss says:

    Very true who do we believe, it’s now a game of who can tell the biggest lies.

  7. ThePitBoss says:

    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

    1. Assistanc3 says:

      Gold, Silver, NatGas, Copper, CAD = TSX UP

  8. Assistanc3 says:

    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]

    1. ThePitBoss says:

      [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 …

  9. 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]

  10. ThePitBoss says:

    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

  11. ThePitBoss says:

    [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%

  12. ThePitBoss says:

    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.

  13. CautiousInvestor says:

    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)

    1. Assistanc3 says:

      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

  14. CautiousInvestor says:

    [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]

Leave a Reply

Your email address will not be published.