Next Sector to Move (Steel, Aerospace, Airlines) $SLX, $MT, $X, $RTN
Investors to Focus on Private Sector Hiring This Morning
Let’s take a look at today’s U.S. Non-Farm Payrolls Report. The big picture still suggests we are in a jobless recovery. The focus of today’s report will be on the private sector. An anemic jobs number is likely to cause companies to continue to conserve cash and refrain from hiring.
One key factor that remains a major concern is the high level of the weekly jobless claims number.
ADP Data shows Private Sector Employment Rose 42,000 in July
U.S. stock futures indices are showing a slight rebound following a private employment report which showed a rise of 42,000 jobs in July. The U.S. Dollar strengthened slightly on the news, reversing the short-term trend. Treasury markets touched a new high for the session and December Gold briefly touched 1200.00.
Fly-By of the XLV Health Care Sector Now that the Votes Are In
With 2009 racing to a quick close, I thought it would be good to step back and take a reference at both the percentage performance of the S&P 500 and top AMEX Sector SPDRs beginning with January 1st and then the July 2009 lows to early December. It's a picture of sector strength for sure - but let's look a bit closer.
The price action in the financial markets indicate that despite red flags like Friday's weak non-farm payrolls report, investors still want to be long risk. This sentiment was reinforced by the stronger than expected service sector ISM index which rose from 48.4 to 50.9 in September. For the first time in 12 months, activity in the service sector expanded which shows the long way that the U.S.
Is Now the Time to Invest in Solar while Stock Prices are Cheap?
Solar stocks have had an interesting history the last two years. Take First Solar Inc. (FSLR) for instance. From January 2007 to April 2008, the stock boomed more than 900% as demand for renewable energy prices surged along with rising oil prices. However, this growth did come to an end as with most rapid-growth stories and the stock fell from over $300 a share to just $140.