I have not been a fan of the
technology sector for the past month and even penned a missive calling
"tech leadership an illusion." While superstars such as Google (NASDAQ: GOOGL) were soaring, the rank-and-file tech stocks were actually lagging the market.
Semiconductors have been some of the worst offenders. The benchmark
PHLX Semiconductor (SOX) index actually started to fall in late May and
has already sunk back to levels last seen in October.
There is an old bit of Wall Street wisdom that says to buy the
strongest stocks in the strongest groups. This is based on the concept
of relative strength. Research has shown that outperforming stocks tend
to continue doing so. Conversely, the weakest stocks in the weakest
sectors are likely to keep falling. (more)
Monday, August 24, 2015
This Week On Wall Street: Seadrill Ltd (SDRL), Sarepta Therapeutics Inc (SRPT), Amgen, Inc. (AMGN)
Many investors were on edge this weekend after the stock market
plummeted on Thursday due to China’s faltering stock market and concerns
that the Fed will raise interest rates. Consequently, the Dow fell by
500 points, undoing the progress it had made all year. Despite the
volatility, activity on Wall Street must go on. Although earnings season
is coming to a close, there are still a handful of companies reporting
earnings this week along with several biotechnology companies awaiting
drug approvals. Here is what to look for in Seadrill Ltd (NYSE:SDRL), Sarepta Therapeutics Inc (NASDAQ:SRPT), and Amgen, Inc. (NASDAQ:AMGN)
Seadrill Ltd
Oil giant Seadrill Ltd is slated to announce second quarter 2015 earnings results on Thursday, August 27, after market close. The Street expects the company to post earnings of $0.63 per share on $1.18 billion in revenue, falling from $0.70 earnings per share on $1.22 billion in revenue year-over-year. (more)
Seadrill Ltd
Oil giant Seadrill Ltd is slated to announce second quarter 2015 earnings results on Thursday, August 27, after market close. The Street expects the company to post earnings of $0.63 per share on $1.18 billion in revenue, falling from $0.70 earnings per share on $1.22 billion in revenue year-over-year. (more)
Government Properties Trust (NYSE: GOV) : Rent To Uncle Sam And Collect A 10% Yield
If you're going to be a landlord, then it's crucial to find good
tenants -- ones that will never bounce a check, always pay on time and
stick around for the long-term.
I've found a company that rents to the absolute most dependable tenant you can find: The U.S. Government.
You see, although Uncle Sam owns nearly 10,000 buildings, he's also the nation's largest renter.
And as it turns out, renting to the government is quite profitable.
Think about it... Government tenants tend to stay in the same office for decades without moving around, and they don't bounce rent checks. (more)
I've found a company that rents to the absolute most dependable tenant you can find: The U.S. Government.
You see, although Uncle Sam owns nearly 10,000 buildings, he's also the nation's largest renter.
And as it turns out, renting to the government is quite profitable.
Think about it... Government tenants tend to stay in the same office for decades without moving around, and they don't bounce rent checks. (more)
US Weekly Economic Calendar
time (et) | report | period | ACTUAL | forecast | previous |
---|---|---|---|---|---|
MONDAY, AUG. 24 | |||||
8:30 am | Chicago Fed national activity index | July | -- | 0.08 | |
TUESDAY, AUG. 25 | |||||
9 am | Case-Shiller home price index | June | -- | -0.2% | |
9 am | FHFA house price index | June | -- | 0.4% | |
10 am | New home sales | July | 520,000 | 482,000 | |
10 am | Consumer confidence | Aug. | 93.4 | 90.9 | |
WEDNESDAY, AUG. 26 | |||||
8:30 am | Durable goods orders | July | -1.0% | 3.4% | |
THURSDAY, AUG. 27 | |||||
8:30 am | Weekly jobless claims | Aug. 22 | 274,000 | 277,000 | |
8:30 am | GDP | 2Q | 3.4% | 2.3% | |
10 am | Pending home sales | July | -- | -1.8% | |
FRIDAY, AUG. 28 | |||||
8:30 am | Personal income | July | 0.5% | 0.4% | |
8:30 am | Consumer spending | July | 0.4% | 0.2% | |
8:30 am | Core inflation | July | 0.1% | 0.1% | |
8:30 am | Trade in goods | July | -$61.8 bln | -$62.3 bln | |
10 am | Consumer sentiment | Aug. | 93.1 | 92.9 | |
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