Subject: Rover's Weekly Market Brief

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Rover's Weekly Market Brief
Rover

Indices

DIJA: 18,516.60 (+2.04%)

NASDAQ: 5,029.59 (+1.47%)

S&P 500: 2,161.74 (+1.49%)

Commodities

Gold: 1,327.20 (-2.30%)

Copper: 223.25 (+5.36%)

Crude Oil: 45.96 (+1.21%)

Economy

Former UK prime minister David Cameron resigned on Wednesday and Theresa May was named as his replacement. With several pro-Brexit cabinet appointments, she signaled plans for a swift exit from the EU. The leadership change has allayed fears in the financial markets, causing an outflow from the bond market into the stock market.


The Retail Sales report showed June with strong, expectations-beating retail sales—a 0.6% increase from the previous month and 0.7% when excluding flat vehicle sales. Online retailers continued a strong growth streak with a 1.1% gain. Department stores, especially sporting goods and hobbies, were also strong with 0.9% growth. The overall report sends positive signals about the domestic economic outlook: the job market is healthy and consumers are spending.


The Consumer Price Index (CPI) rose 0.2% compared with last month, suggesting that the price pressures higher in the supply chain observed in the last few months have not yet made their way into retail pricing. The Y/Y increase of 1.0% is a slight decline from the 1.1% Y/Y rate of the prior 3 months. Service prices rose 0.3% for the third straight month, offsetting weak commodity pricing gains of only 0.1%. Energy prices rose 1.3% M/M following similar gains in the past 4 months.

Upcoming Economic Reports:

Tues July 19 — Housing Starts (broad economic indicator)

Thurs July 21 — Existing Home Sales (gauge of economic momentum)

Earnings Calendar

Mon
IBM
BAC
Tues
MSFT
JNJ
Wed
INTC
AXP
Thurs
T
V
Fri
GE
HON
 
 

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17 Dividend Paying Picks for this Crazy Market

 

Given the challenging macroeconomic climate right now, we’ve put together a watchlist of 17 quality, dividend-paying stocks we like for investors looking for total return with income on the side. Get the watchlist for free from our Library, and read about what we picked and why on our blog.

See the Picks

Ideas: Quality Stocks

 

This week in Ideas, we are screening for quality stocks. “Quality” is subjective and not perfectly quantifiable, but there are a number of profitability indicators that can give you a good start. We showcase the popular Novy-Marx Quality screener, a Top Grades screener, and two efficiency-oriented screeners.

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Wishing you a productive week,

The Stock Rover Team

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