Rover's Weekly Market Brief - 12/31/2015

December 31, 2015 Printer Friendly Printer Friendly


Dow Jones: 17,425.03 (-1.0%)

NASDAQ: 5007.41 (-1.2)

S&P 500: 2043.94 (-0.9%)


Gold: 1079.70 (-0.1%)

Copper: 213.40 (+2.4%)

Coffee: 126.70 (+5.8%)


Nike (NYSE: NKE) recorded a 4.1% increase in revenue and a 19.8% increase in net income YoY for Q2 2016. Diluted EPS rose 21.6% to $0.90 from $0.74 same quarter last year. Footwear and apparel sales drove the growth with 8% and 3% increases respectively while equipment sales fell 9% YoY.

Cal-Maine Foods (NASDAQ: CALM) reported a revenue increase of 44.2% while net income increased 198.4% YoY. Diluted earnings per share for Q2 2016 rose 197.4% to $2.26 from $0.76 the same quarter last year. The revenue growth was driven by a rise in egg prices caused by higher demand related to thanksgiving.

Cintas (NASDAQ: CTAS) revenue for Q2 2016 grew 16.3% while net income increased 17.1%. Diluted earnings per share increased 14.3% to $0.24 from $0.21 YoY. Growth in uniform rental and facility services slowed to 5.2% affected by the downturn in commodities while growth in first aid and safety services accelerated 46.4%.

Paychex (NASDAQ: PAYX) reported a 6.8% rise in total revenue for Q2 2016. Net income rose 9.4% whereas diluted EPS increased 10.6% to $0.52 from $0.47 same quarter last year. Payroll services revenue rose 3.9% while human resource services income grew 11.5%.


Crude Oil fell 2.7% this week to close at $37.06 per barrel. Commercial crude oil inventories (excluding the SPR) increased 0.54% to 487.4 million barrels from 484.8 million the past week. The national average retail regular gasoline price rose 0.4% to $2.034 from $2.026 per gallon the preceding week. Generally, commercial crude inventories are up 26.4% while the regular gasoline price is down 11.5% this year.

Consumer confidence rebounded in December according to The Consumer Confidence Index by The Conference Board. The index rose 4.2% to 96.5 in December from 92.6 in November. Consumers’ assessment of the state of the economy was positive mainly as a result of improved claims about the state of the labor market.

Initial unemployment claims rose 7.5% last week to 287,000 from 267,000 the previous week while continuing claims rose by 3,000 to 2,198,000. Overall this year, continued claims have fallen 9% from 2,415,000 in January to 2,198,000 in December whereas initial claims have declined 2.7% from 295,000 in January to 287,000 in December.

Looking Ahead

There will be few American companies reporting their results in early January as earnings season draws to a close. Nonetheless, major international firms will be announcing their earnings.

Monday Tuesday Wednesday Thursday Friday
Deutsche Boerse (DBOEY) SoftBank (SFTBY) Monsanto (MON) Walgreens (WBA) Infosys (INFY)
Anhui Conch (AHCHY) Gazprom (GZPFY) JBS (JBSAY) Bed Bath & Beyond (BBBY) Acuity Brands (AYI)