Market Direction: BULLISH alert
issued 9/21/2017
Stock on the Radar (STAR)© was launched 6/19/2017 Sunday evening. When there is a new stock recommendations for the week it is typically made available late Sunday, so investors can prepare to take a position when the market opens Monday for trading.
Last Week Review: U.S. large-cap stocks fell, snapping a streak of eight straight weekly gains. Weighing on investor sentiment was the outsized focus on tax reform. Most notably, investors focused on the differences between the respective U.S. House of Representatives and Senate plans and the difficulties associated with reconciling them. Although changes in government policies can have a sizable effect on investment returns, the timing and impact are harder to predict than you might think.
One Year After the Election: An Annual Review of the Market
Stock on the Radar (STAR)© was launched 6/19/2017 Sunday evening. When there is a new stock recommendations for the week it is typically made available late Sunday, so investors can prepare to take a position when the market opens Monday for trading.
Last Week Review: U.S. large-cap stocks fell, snapping a streak of eight straight weekly gains. Weighing on investor sentiment was the outsized focus on tax reform. Most notably, investors focused on the differences between the respective U.S. House of Representatives and Senate plans and the difficulties associated with reconciling them. Although changes in government policies can have a sizable effect on investment returns, the timing and impact are harder to predict than you might think.
One Year After the Election: An Annual Review of the Market
- U.S. stock market sets new highs – The S&P 500 returned 23.7%
- The economy has gained some traction – U.S. GDP growth has averaged 2.4%
- Rates move higher – The Fed has raised rates three times over the past year.
- Global diversification rewarded – International investments that led the way.
- Sector performance reflects cyclical optimism - The four sectors that performed the best since the election have been technology (+41.7%), financials (+33.5%), materials (+26.7%) and industrials (+23.5%).
Roughly
85% of the S&P 500 companies have released their Q3 earnings reports and so
far 74% have beat analyst’s EPS estimates while 67% have beat on the top line.
How
the market finished last week, the S&P 500 down 0.2%, the Nasdaq down 0.2%,
and the Dow down 0.54%.
This Week: Next week we will be getting
a larger spectrum of data compared to this week. Global economic data has been
robust recently and so the expectation is that the reports will continue to
convey that strength. Many investors will mostly be focusing on the PPI and CPI
reports to see how inflation is faring and the Retail Sales report. Just a
reminder that multiple retail stocks will be reporting next week so this sector
will likely be in focus.
Consumer
price index (CPI) from the UK, US and Canada, plus UK unemployment and retail
sales, dominate the coming week.
Earnings
season in the US is all but over, but we have Cisco still to come. Half-year
earnings from Vodafone and REITs British Land and Land Securities are ones to
watch for UK investors.
Economic
Calendar: PPI-FD (11/13), Consumer Price Index (11/15), Retail Sales (11/15), Philadelphia
Fed Business Outlook Survey (11/16)
Some of the major earnings announcements on deck: HD, WMT, NTES, BZH, CSCO.
$tockMarketDirection proprietary model is currently BULLISH. We strongly encourage you to monitor positions closely, exercise proper money management strategies and follow us at $tockMarketDirection for ALERTS we may issue advising a change in the current market direction. Stay tuned and follow us. If you have a testimonial or comment of how this website has helped you we would like to know, write us. Share with a friend. Cha-ching.
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