Year: 2019

Economic Data

Blockbuster Jobs Numbers Don’t Scare the Market!

January 4, 2019 0

Friday, January 4, 2019 For those of us who may have concluded yesterday’s private-sector payroll report from Automatic Data Processing ADP represented an outlier number at 271K (well above the 180K or so expected), we see an even bigger December jobs number from the non-farm payroll figures this morning from the Bureau of Labor Statistics (BLS). A whopping 312K new jobs were reportedly generated in December, way — way! — above the 182K consensus estimate, and more than double the originally reported November headline number of 155K. Not only that, but look beneath the headline and see every other major metric in this BLS report putting up a significant positive surprise, as well: Average Hourly Earnings rose 11 cents per hour, or +0.4% month over month, above the +0.3% expected and the +0.2% originally reported for November; revisions to the past two months — November from 155K to 176K, and October from 237K to 274K — pushing jobs gains to an average of 254K over the past three months; and, importantly, the Labor Force Participation Rate rose to 63.1% from 62.9% last time around. […]

Economic Data

Stupendous Jobs Report Keeps Hopes Alive

January 4, 2019 0

For those of us who may have concluded yesterday’s private-sector payroll report from Automatic Data Processing ADP represented an outlier number at 271K (well above the 180K or so expected), we see an even bigger December jobs number from the non-farm payroll figures this morning from the Bureau of Labor Statistics (BLS). A whopping 312K new jobs were reportedly generated in December, way — way! — above the 182K consensus estimate, and more than double the originally reported November headline number of 155K. Not only that, but look beneath the headline and see every other major metric in this BLS report putting up a significant positive surprise, as well: Average Hourly Earnings rose 11 cents per hour, or +0.4% month over month, above the +0.3% expected and the +0.2% originally reported for November; revisions to the past two months — November from 155K to 176K, and October from 237K to 274K — pushing jobs gains to an average of 254K over the past three months; and, importantly, the Labor Force Participation Rate rose to 63.1% from 62.9% last time around. […]

Technicals

Should Value Investors Buy Gulfport Energy (GPOR) Stock?

January 4, 2019 0

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments […]

Technicals

Is Knot Offshore (KNOP) a Great Value Stock Right Now?

January 4, 2019 0

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments […]

Technicals

Is JetBlue Airways (JBLU) a Great Value Stock Right Now?

January 4, 2019 0

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments […]

Technicals

Is Foot Locker (FL) Stock Undervalued Right Now?

January 4, 2019 0

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments […]

Technicals

Apple (AAPL) is a Top Dividend Stock Right Now: Should You Buy?

January 4, 2019 0

Whether it’s through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus. Cash flow can come from bond interest, interest from other types of investments, and of course, dividends […]

Technicals

Is Atkore International Group (ATKR) Stock Outpacing Its Industrial Products Peers This Year?

January 4, 2019 0

For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Atkore International Group (ATKR) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company’s year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question […]

Stock Analysts

Lennar to Open Sterling Heights in San Diego, Boost Revenues

January 4, 2019 0

Lennar Corporation LEN announced the opening of Sterling Heights at The Lakes above Rancho Santa Fe in San Diego. Sterling Heights will be the first-ever opportunity for the homebuyers of San Diego to experience Lennar Next Gen Home design. Lennar's The Lakes master-planned community is part of the Poway School District and is close to the Design 39 charter school. […]

Stock Analysts

Fulton Financial’s Subsidiary to Buy Wealth Management Firm

January 4, 2019 0

Fulton Financial Corporation ’s FULT subsidiary, Fulton Bank, N.A., has agreed to buy Forney Financial Solutions, LLC, a wealth management business based in Altoona, PA. While the terms of the deal have not been disclosed yet, the transaction is expected to be completed by first-quarter 2019. Fulton Financial’s president and COO, Curtis J. […]