Rover's Weekly Market Brief — 12/27/2019

Printer Friendly Printer Friendly December 27, 2019

Indices

DJIA: 28,646.00 (+0.67%)

NASDAQ: 9,007.00 (+0.92%)

S&P 500: 3,240.00 (+0.58%)

Commodities

Gold: 1,515.30 (+2.32%)

Copper: 282.35 (+0.75%)

Crude Oil: 61.64 (+1.99%)

Value Investing with Stock Rover

We have written a blog post that we think you will find interesting, especially if you are a value investor. The post shows you how to use Stock Rover to find and then vet value stocks. You can read the post here…

New Ranked Value Screener with Momentum Available from the Library

Value stocks seem to be waking up. We have added a new screener to the Stock Rover library to help you find promising value stock candidates that are also exhibiting price momentum. The screener can be downloaded from the Stock Rover Investor’s Library if you have a Premium Plus subscription or trial. The new screener is called the Ranked Value Screener with Momentum.

Keyboard Shortcuts

We have added a handy option to the user account menu called Keyboard Shortcut that makes it easy to see the very useful keyboard shortcuts built into Stock Rover. You can check it out here.

Economy

New orders for defense aircraft fell -72.7% in November, dragging overall new durable goods orders down by -2.0%, their biggest decline since May. Overall transportation orders were down -5.9%, with the end of the GM strike bringing motor vehicle orders up +1.9% to somewhat offset the drop in defense aircraft orders and an additional -1.8% drop in civilian aircraft orders. Orders excluding transportation were unchanged at $163.4 billion, while orders excluding defense were up +0.8% to $231.7 billion. Orders increased for electrical equipment/appliances (+2.0%), fabricated metal products (+0.4%), and computers and electronic products (+0.2%), and fell for manufacturing (-3.2%), machinery (-1.6%), and primary metals (-0.3%).

New home sales for November were up +1.3% at a seasonally adjusted annual rate of 719,000 after October’s sales were revised downward from 738,000 to 710,000. Sales were up +16.9% annually, with the largest gains in the West (+47.9%), followed by the South (+9.0%), and the Northeast (+6.7%), and falling -1.4% in the Midwest. The supply of homes available for sale dropped to 5.4 months compared to 6.5 months in November 2018, and the median sale price was $330,800. The percent of sales for homes priced $400,000 or more rose from 30% in October to 36%, and sales of homes priced $200,000 – $399,999 dropped from 60% to 55%.

Crude oil supplies fell a larger than expected -5.47 million barrels over the past week, ending at the same level they were a year previously. The unexpected drop pushed crude prices to their highest level since September, with the average futures price up +$0.37 to $60.44/barrel for the week, and up +$14.85/barrel for the year. Gasoline futures ticked up +$0.043 for the week, and were up +$0.388 over the year, while prices at the pump dropped -$0.004 to an average $2.532, with a yearly gain of +$0.211.

Upcoming Economic Reports:

Thursday January 2 – FOMC Meeting Minutes

Friday January 3 – ISM Manufacturing PMI

Earnings Calendar:

 

Monday Tuesday Wednesday Thursday Friday
Therapix
Biosciences
(TRPX)
Citius
Pharmaceuticals
(CTXR)
NeuBase
Therapeutics
(NBSE)
II-VI
(IIVI)
Lamb Weston
Holdings
(LW)
Atlas Financial
Holdings
(AFH)
Asta
Funding
(ASFI)
Patriot
Transportation
(PATI)
Chase
(CCF)
Hurco
Companies
(HURC)



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