Rover's Weekly Market Brief — 12/20/2019

Printer Friendly Printer Friendly December 20, 2019

Indices

DJIA: 28,455.10 (+1.14%)

NASDAQ: 8,925.00 (+2.18%)

S&P 500: 3,221.23 (+1.65%)

Commodities

Gold: 1,481.20 (+0.00%)

Copper: 280.00 (+0.94%)

Crude Oil: 60.33 (+0.43%)

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.

Guru Portfolios

We’ve updated our Guru Portfolios! You can see a full list of the portfolios here and download the latest updates from the Stock Rover Library.

Economy

Existing home sales fell -1.7% in November to a seasonally adjusted annual rate (SAAR) of 5.35 million, but were up +2.7% over the year. Housing prices rose for the 93rd straight month to a median price of $271,300 (+5.4% Y/Y), but inventory fell to a 3.7 month supply, down from 4.0 months a year previously. While the Commerce Department reported that housing starts were up 3.2% to a 1.365 million SAAR and at a 10-month high, the National Association of Realtors report noted that there were not enough new homes being built at affordable prices to alleviate the inventory shortage.

Personal income was up +0.5% in November, with tax and inflation adjusted real disposable income up +0.4% and the savings rate increasing +0.1% to 7.9%. Consumer spending increased by $64.9 billion (+0.4%), including a $22.6 billion increase in spending on goods led by a $12.6 billion increase in the motor vehicle purchase SAAR, and a $17.1 billion increase in service spending led by a $9.2 billion increase in the health care spending SAAR. Overall annual PCE inflation was up +0.1% to 1.5%, but core PCE inflation, which excludes the volatile food and energy components, was down -0.1% to 1.6%.

The final estimate of Q3 GDP was unchanged at 2.1% as upward revisions to consumer spending and nonresidential fixed investment were offset by downward revisions to inventories. Compared to Q2, exports and residential fixed investment grew more quickly, private inventories slowed their rate of decrease, consumer and government spending slowed, and nonresidential fixed investment decreased at a faster rate. Corporate profits from current production, which are adjusted for inventory valuation and capital consumption, fell -$4.7 billion compared to a +$75.8 billion increase in Q2. Domestic financial corporation profits were down -$4.7 billion, and domestic nonfinancial corporations were down -$5.5 billion, while rest of the world profits were up $5.5 billion.

Upcoming Economic Reports:

Monday December 23 – New Home Sales

Tuesday December 24 – Durable Goods Orders

Earnings Calendar:

Monday Tuesday Wednesday Thursday Friday
Franchise
Group
(FRG)
Pivotal
Software
(PVTL)
XBiotech
(XBIT)
Flanigan’S
Enterprises
(BDL)
Ellomay
Capital
(ELLO)
ALJ Regional
Holdings
(ALJJ)
Broadmark
Realty Capital
(BRMK)
ESSA
Bancorp
(ESSA)
Live
Ventures
(LIVE)
Bridgeline
Digital
(BLIN)



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