Strategy: U.S. markets continued to develop excellent last week as investors continued to ignore the geopolitical tensions in the Middle East and the rate tightening in China and received the same. Sales-retail for previous month and some other economic indicators supported the increase. The market is hoping to put more weight than here.
Commentary the u.s. stocks closed for a week and a half years in fresh highs at the close of the week, extend streak to a third-straight week as the market has absorbed another round of tightening in China and some unrest in the Middle East.The average height of the Dow Jones industrial rose 0.96% this week, or another 118 points 12391.25. The S & P 500 provided from 1,0% to close 13.86 points 1343.01. Tech heavy Nasdaq composite closed 24.51 points higher with a gain of 0.9% to approximately 365.95.
Eight of the ten sectors advanced. Energy (+ 3.7%) led the way as oil gained 0.7%.
Between the revenue released this week, ConocoPhilips has 7% after increasing quarterly dividend 20% to $ 0.66 per share, adding $ 10 billion for share repurchase program and approving 13.5 billion dollars into forecasts.
FedEx issued a profit warning. But the stock managed to win the company mentioned in rough weather.
Dell brought together on the back of better than expected earnings results and guidance.Retail sales rose 0.3% in January against an anticipated consensus between + 0,5%. Excluding autos, also rose 0.3%, which was less than expected. However, the fact that retail sales rose now seven months in a row under the mantle of emotion.
The producer price index rose 0.8% in January against forecast a economists + 0,7% after a revised increase of 0.9% in December.
The figures for January left total PPI up 3.6% on-year and core PPI to 1,6%.
Year-on-year basis, total CPI moved up 1.6% and core CPI from 1.0% to 1.5% and 0.8%, respectively, in December.
Elsewhere, initial claims for 25,000 last week jumped to 410,000 against consensus estimate of 408,000.
The market moves in a shortened week activity next week, since Monday is a holiday.
In commodities, silver provided a 30 year high, well above $ 32 per gram. Gold also moved up in tandem.
The dollar index was at 77.05.
The week aheadMonday MAS holiday consumer confidence level Tuesday February Wednesday existing home sales for January Thursday the jobless claims for the last week of new home sales for manufacture in January consumer sentiment for February GDP projection for Q4.. . thanks for the confidence you have shown in me and my business.
from Larry Swing
Larry@mrswing.com
May be the swing with you ...
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