Rover's Weekly Market Brief — 12/6/2019

Printer Friendly Printer Friendly December 6, 2019

Indices

DJIA: 28,015.10 (-0.13%)

NASDAQ: 8,657.00 (-0.10%)

S&P 500: 3,145.91 (+0.16%)

Commodities

Gold: 1,465.10 (-0.03%)

Copper: 275.20 (+4.16%)

Crude Oil: 59.00 (+6.94%)

Building a Better Portfolio

We have written a new blog post that shows you how to build a better portfolio using the tools of Stock Rover. You can read our latest blog post here.

Improvements to Stock Rover

We have added live Canadian stock pricing to Stock Rover, which covers over 2000 stocks. The quotes are slightly delayed from real time prices.

We have also added a number of new Maximum Drawdown metrics to Stock Rover. You can see the new metrics by going to the Stock Rover Metric Browser and typing the word drawdown into the search box. The drawdown statistics include the maximum drawdown for any ticker for the periods of 1 year, 2 years, 5 years and 10 years. We also have the dates of the peak and trough for each drawdown period.

Related to Drawdown, we have also added two additional metrics: Best Monthly Return by % and Worst Monthly Return by % over the last 5 years to help you get a sense of the best and worst case scenarios for a given monthly period for any ticker.

We have added a new View to the Library called Drawdown that includes some of these new metrics into a coherent View for the Table.

Economy

The Institute for Supply Management’s November 2019 Manufacturing Report on Business showed a drop in the PMI index to 48.1% (-0.2%) as manufacturing contraction continued for the fourth consecutive month. Panel comments were described as consistent with October, with overall improving sentiment although sentiment for near term growth was neutral. Global trade continued as the most significant issue across all industries with comments noting global slowdown and uncertainty regarding tariffs.

Imports fell by -1.7% to $254.3 billion (-$4.3 billion) in October, while exports fell -0.2% to $207.1 billion (-$0.4 billion), dropping the trade deficit to $47.2 billion. Exports fell for civilian aircraft engines (-$0.6 billion), pharmaceuticals (-$0.4 billion), and automobiles (-$0.3 billion), but rose for industrial supplies (+$0.6 billion) and services (+$0.3 billion). Imports fell for consumer goods (-$2.4 billion) and automobiles (-$0.5 billion), but rose for services (+$0.1 billion). The largest trade surpluses in October were with South and Central America (+4.7 billion), OPEC (+$1.9 billion), and Hong Kong (+$1.8 billion), and the largest deficits were with China (-$27.8 billion), the European Union (-$14.3 billion), and Mexico (-$7.8 billion).

There were +266,000 new jobs created in November, returning the unemployment rate back to a 50-year low of 3.5%. The strike at GM in October had contributed to a drop in manufacturing employment by -43,000 that month, and workers returning in November added +41,000 automotive workers, helping to boost manufacturing employment by an overall +54,000 jobs. Additional jobs gains occurred for health care (+45,000), professional services (+31,000), and leisure/hospitality (+45,000), while jobs were lost for mining (-7,000), and clothing retailing (-18,000). Wages were up $0.07 for the month to an average hourly wage of $28.29 (+3.1% Y/Y), with nonsupervisory employees also up +$0.07 to $23.83/hour. The U-6 unemployment rate, which includes underemployed and discouraged workers, dropped from 7.0% to 6.9%, down from 7.6% in November 2018.

Upcoming Economic Reports:

Wednesday December 11 – FOMC Meeting Announcement

Friday December 13 – Retail Sales

Earnings Calendar:

 

Monday Tuesday Wednesday Thursday Friday
Chewy
(CHWY)
AutoZone
(AZO)
Lululemon
Athletica
(LULU)
Oracle
(ORCL)
Urstadt Biddle
Properties
(UBA)
Vail
Resorts
(MTN)
HD Supply
Holdings
(HDS)
Nordson
(NDSN)
Adobe
(ADBE)
Virco
Manufacturing
(VIRC)



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