Below is the usual Sunday night weekly summary, the chief positive being the scheduling of the resumption of trade talks which provided the key boost to the markets this past week, the chief negative being the continuing problems with bonds and the fears that this might be a harbinger to recession. The bonus this weekend is an article from Thursday's U.S. News Invested about the best new ETFs, and since that's what most of us invest in, I thought the info might be useful. Hope everyone had a great weekend.
Succinct Summations for the week ending September 6th, 2019
Positives:
1. Despite numerous false starts, it appears Trade War talks are back on later this month.
2. Over the past 12 months, average hourly earnings have increased by 3.2%.
3. Same store sales rose 6.5% w/o/w, above the previous increase of 5.7%.
4. Non-farm productivity rose 2.3% q/o/q, meeting expectations.
5. International trade deficit came in at $-54.0B for July, higher than the previous $-55.5B.
6. Unemployment rate remains unchanged at 3.7%.
7. PMI Manufacturing index came in at 50.3 for August, above the expected 49.9.
Negatives:
1. Bond markets continue to raise concerns of slowing global economy and increased possibility of recession.
2. Non-farm payrolls rose 130k m/o/m, below the expected increase of 163k.
3. Of that 130k, 25,000 are temporary Census workers.
4. Layoffs totaled 53,480 in August, higher than the previous 38,845.
5. Despite lower rates, Home mortgage refinance apps fell 7.0% for the second straight week.
6. ISM Manufacturing index came in at 49.1 for August, below the expected 51.3.
7. Construction spending rose 0.1% m/o/m, below the expected increase of 0.3%.
|
|
Invested
|
Advice, rankings and stock market news for investors.
|
Sept. 5, 2019
|
|
|
TODAY'S BIG IDEA
10 of the Best New ETFs to Buy
There are more than 5,000 exchange traded products in the U.S., with more being created each year. ETFs allow investors to access a variety of asset classes and easily invest with a specific strategy in mind.
These recent entrants in the ETF field are interesting examples of opportunities some fund managers see beyond the old universe of exchange traded products.
1. Innovator S&P 500 Buffer ETF (ticker: BJAN). The debut of BJAN brought a "defined outcome" flavor to a family of ETFs that are benchmarked in some way to the popular S&P 500. The Innovator ETF seeks to track the S&P 500’s return – but only to a predetermined cap. The fund then shields investors against the first 9% of losses during a yearlong period.
2. Direxion MSCI Developed Over Emerging Markets ETF (RWDE). RWDE offers a "pair trade" that allows for 150% long exposure to developed world markets index across Europe, Australia and the Far East and 50% short exposure to emerging markets like Brazil and China. – Jeff Reeves
Click here to continue.
Recommended reading on this topic:
The Ultimate Guide to ETFs
10 Best Cheap ETFs for the Rest of 2019
9 Smart ETFs for Low-Risk Investors
9 Global Growth ETFs to Diversify Your Portfolio
20 of the Best ETFs to Buy for 2019 |
|
|
MARKETS
Global stocks are higher today. Global shares were mostly higher amid encouraging developments, including British lawmakers seeking a less chaotic exit from the European Union and the potential easing of political tensions in Hong Kong. U.S. shares were set to drift higher with Dow futures rising 0.7% to 26,566. S&P 500 futures were also higher, rising 0.6% to 2,957.10.
After a delay, Samsung is set to launch folding screen phone. Samsung Electronics Co. (SSNLF) says it will start selling its highly anticipated folding phone on Friday, after the original launch date was delayed by months because of embarrassing problems with the screen. The South Korean tech giant said today that the Galaxy Fold is going on sale after it spent the past several months "refining" the device to improve its "design and construction."
China says trade talks with U.S. will be in October. U.S. and Chinese envoys will meet in early October for more talks aimed at ending a tariff war that threatens global economic growth. Stock markets rose on today's announcement but there has been no sign of progress since Presidents Donald Trump and Xi Jinping agreed in June to resume deadlocked negotiations about trade and technology.
Yahoo experiences an outage. Yahoo said it suffered an outage today across its services, including Yahoo Mail. The company announced the outage in a tweet. Yahoo is owned by Verizon Communications ( VZ).
Tech companies meet with U.S. intelligence agencies. U.S. technology companies including Facebook ( FB), Alphabet's Google ( GOOG, GOOGL), Microsoft Corp. ( MSFT) and Twitter ( TWTR) met with U.S. intelligence agencies on Wednesday to discuss security strategies ahead of the November 2020 election.
|
|
|
EARNINGS
Athletic wear is in the spotlight. Lululemon Athletica ( LULU), with a $23 billion market cap, headlines companies scheduled to report quarterly earnings today. Analysts are expecting LULU to report earnings of 89 cents per share when it makes its announcement after the closing bell. Other notable companies reporting earnings today include Ciana Corp. ( CIEN), Donaldson Co. ( DCI), Guidewire Software ( GWRE) and Zoom Video Communications ( ZM).
|
|
|
EXPLORE STOCK AND FUND RANKINGS
Top Hotel, Resort and Cruiseline Stocks to Buy
Data as of September 5th, 2019
|
|
No comments:
Post a Comment