Rover's Weekly Market Brief — 2/14/2020

Printer Friendly Printer Friendly February 14, 2020

Indices

DJIA: 29,398.10 (+1.02%)

NASDAQ: 9,731.00 (+2.21%)

S&P 500: 3,880.16 (+1.58%)

Commodities

Gold: 1,585.80 (+0.79%)

Copper: 260.15 (+1.90%)

Crude Oil: 52.09 (+3.52%)

Ratio Charts

Stock Rover has a powerful built in facility called Ratio Charts that can help you to see time series data relationships in a whole new way. To learn more about this cool feature of Stock Rover, check out our Blog Post, or watch our 6 minute video that demonstrates what Ratio Charts can do for you.

Economy

The Consumer Price Index (CPI) slowed to a +0.1% increase in January after three consecutive months of +0.2% increases, but on a yearly basis prices increased by +0.2% to +2.5%, the highest level since October 2018. Most of the increase was due to a +0.4% increase in the cost of shelter, with rent up +0.4% (+3.8% Y/Y), and owner’s equivalent rent up +0.3% (+3.3% Y/Y), and additional increases for food (+0.2%, +1.8% Y/Y) and medical services (+0.3%, +5.1% Y/Y). Energy costs were down -1.7% for the month, largely due to a -1.6% drop in the price of gasoline, although on a yearly basis energy costs were up as a +12.8% increase in gasoline helped push energy up +6.2% overall. The core index, which removes the volatile food and energy components, was up +0.2% for the month and +2.3% for the year.

Retail sales for January were up +0.3% to $529.8 billion, while sales for November and December were revised downward by -0.1% each to +0.2% gains. Sales were up +2.1% (-1.3% Y/Y) at building supply stores, and up +2.3% (+9.5% Y/Y) at “miscellaneous store” retailers (NAICS code 453), but dropped -3.1% (0.0% Y/Y) at clothing stores and -0.5% (-3.2% Y/Y) at electronics stores. The retail sale numbers are not adjusted for inflation, and January’s drop in gasoline prices pushed down gas station sales by -0.5%, although yearly sales were up +10.4%. In addition to strong yearly gains at gasoline stations and miscellaneous stores, restaurants were up +7.5% Y/Y, and nonstore (i.e. online) stores were up +8.4% Y/Y. General merchandise stores were up +0.5% (+2.1% Y/Y), with department stores up +0.1% for the month and -5.5% for the year.

Industrial production was down -0.3% (-0.8% Y/Y) as unseasonably warm weather dropped utilities production -4.0% (-6.2% Y/Y) and Boeing’s slowdown in aircraft production pulled the manufacturing production index down to -0.1%. Excluding the drop in civilian aircraft production, manufacturing output was up +0.3% for the month, but December’s previously reported +0.2% manufacturing gain was downwardly revised to +0.1%, and manufacturing was down -0.8% for the year. Automotive products rebounded to a +2.8% gain after falling -5.4% in December, and were up +5.3% for the year. Over the previous 12 months, capacity grew +5.1% for mining, +2.5% for utilities, and +1.3% for manufacturing, and while capacity usage grew for mining (+0.8% to 90.7%), it fell for manufacturing (-0.1% to 75.1%) and utilities (-3.2% to 70.6%).

Upcoming Economic Reports:

Wednesday February 19 – Producer Price Index

Wednesday February 19 – Housing Starts

Earnings Calendar:

 

Monday Tuesday Wednesday Thursday Friday
Service
Corp Intl
(SCI)
Walmart
(WMT)
Analog
Devices
(ADI)
Southern
(SO)
Deere
(DE)
Gardner Denver
Holdings
(GDI)
Ecolab
(ECL)
Energy
Transfer
(ET)
American
Electric Power
(AEP)
W.P.
Carey
(WPC)



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