U.S. Economic News

U.S. Factory Orders Rise to Highest Level since July 2015

Decemer 6, 2016

Data released today by the U.S. Department of Commerce indicate that new orders for goods produced by U.S. factories rose for the fourth consecutive month during October, the latest month for which data are available, and to the highest level since July 2015.

The recent increases in new orders for factory-produced goods are a very positive development because ... continue reading >

 
US factory orders
International Economic News

Eurozone Economy Rises at a Faster Pace than Estimated Initially

December 6, 2016

Eurostat reported today that the Eurozone economy expanded by 1.7% for the quarter ended September 30, 2016, as compared to the same period a year ago. That’s a slightly faster year-over-year pace of economic growth in the Eurozone that Eurostat had estimated on November 15.
 
Earnings News

Goldman Sachs, Intel, Kansas City Southern and Domino’s Pizza Report Q3 2016 Earnings

October 18, 2016

Goldman (GS) reported today that its net income rose by 46.8 (or 68.3 per diluted share) on a 19% increase in the company’s revenues for the quarter September 30, 2016, as compared to the same quarter a year ago.

Intel (INTC) reported that its net income, excluding restructuring charges and non-recurring gains, rose by 5.6 (or 5.5% per diluted share) on a 9.1% increase in the company’s revenues for the quarter September 30, 2016, as compared to the same quarter a year ago.

Kansas City Southern (KSU) reported that its net income declined by 8.3% (or 6.7% per diluted share) on a 4.3% decline in the company’s revenues for the quarter September 30, 2016, as compared to the same quarter a year ago.

Domino’s Pizza ( (DPZ) reported that its net income rose by 24. 8% (or 43.3% per diluted share) on a 16.9% increase in the company’s revenues for the quarter September 30, 2016, as compared to the same quarter a year ago..

Click Here for Calendar Q2 Earnings Tables

Geopolitical News

Iran Threatens to Shoot Down U.S. Reconnaissance Planes

September 13, 2016

Fox News reported today that the Iranian government threatened this past weekend to shoot down two U.S. reconnaissance planes that were flying purposefully close to Iran’s borders in the Persian Gulf but that were still in international airspace.

According to Fox, the Iranian military warned the two aircraft to change course or risk getting shot down. Fox reported that the U.S. military planes ignored the warning and continued flying in international airspace, although close to Iranian territory.

 
Trading Action

Stocks Trading in Overbought Territory, Due for a Temporary Pullback

November 20, 2016 (Updated every Sunday)

U.S. stock prices, in general, as measured by the major U.S. stock market indices, continued to move higher last week, as stock market participants continued to respond positively to the election of Donald Trump as the next U.S. President.

Specifically, the Dow Jones Industrial Average rose by 20 points (0.1%), while the S&P 500 Index advanced by 0.8% and the Nasdaq Composite Index increased by 1.6%, as compared to their closes on Friday, November 11.

Continue reading >

U.S. Services Sector Expands at Fastest Pace Since October 2015

12/05/16: The Institute of Supply Management (“ISM”) reported today that its latest survey of purchasing managers at U.S. non-manufacturing companies indicates that economic activity in the services sector of the U.S. economy expanded during November at the fastest pace since October 2015.

Read more...

178,000 New Jobs Created in the United States during November

12/02/16: Data released today by the U.S. Department of Labor indicate that 178,000 new jobs were created in non-farm sectors of the U.S. economy, on a seasonally-adjusted basis, during November, up from 142,000 during the prior month.

Read more...