New Week, New Records

Posted on September 19, 2014 | Stock Superstars Report

Don’t fight the Fed. The value of those words was proven again as Fed complacency, indicated by the statement they released on Wednesday, removed any obstacle to higher equity prices. Once it became clear that the Fed would not be aggressive in hiking interest rates, the markets resumed their inexorable march higher. Market participants felt comfortable with what were perceived to be ‘dovish’ comments from the Federal Reserve. Additionally, instability across the globe was good for any dollar-based assets as investors abroad looked to the U.S. for safety.

Industrial production last month was slightly worse than expected, but it did little to dampen the mood. The August consumer price index came in lighter than expected, supporting the Fed’s case that they have room to maneuver. The September Philadelphia Fed Survey dipped, but still was strong. No data from this week counters the idea that the economy is slowly strengthening.

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Buckle Up, It’s FOMC Time

Posted on September 12, 2014 | Stock Superstars Report

The first full week of work in the fall added little to the big picture as the market hovered near all-time highs. Stocks fell for the week, snapping a five-week advance. Treasuries fell for the seventh straight day.

Jobless claims were slightly worse than expected, but this tends to be a volatile number so investors shouldn’t put too much stock into it. Consumer sentiment hit its strongest level in more than a year, while retail sales were in line with expectations. The data continued to point to an economy that is improving, albeit at an unhurried pace.

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Jobs Report Causes Market Uncertainty

Posted on September 5, 2014 | Stock Superstars Report

A short week did nothing to stop the indexes from hitting new highs, although the range was quite tight. On each of the four days of the week, new highs were reached. The jobs report released on Friday morning was a negative surprise, with only 142,000 jobs created versus expectations of 228,000 jobs created.

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Heading Into September, Plus the September Monthly Report

Posted on August 29, 2014 | Stock Superstars Report

The September SSR Monthly Report is now available. There is one new portfolio deletion and one new portfolio addition to announce.

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SSR August Appears to Be Better Than Expected

Posted on August 22, 2014 | Stock Superstars Report

On Monday, the NASDAQ hit a 14-year high and the Dow Jones industrial average is well on its way to having its best month of performance since February. The S&P 500 index hit a new all-time high of just over 1,992 on Thursday, which marks the 28th record close this year for the index.

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August Appears to Be Better Than Expected

Posted on August 22, 2014 | Stock Superstars Report

On Monday, the NASDAQ hit a 14-year high and the Dow Jones industrial average is well on its way to having its best month of performance since February. The S&P 500 index hit a new all-time high of just over 1,992 on Thursday, which marks the 28th record close this year for the index. August’s impressive performance comes as a surprise; many analysts were warning of an impending correction.

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SSR Portfolio Beats the Market

Posted on August 15, 2014 | Stock Superstars Report

According to a report from Merrill Lynch, health care and technology stocks have turned in the most second-quarter earnings and revenue numbers that beat consensus estimates, while the telecom sector has lagged.

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Volatile Trends Trip Markets

Posted on August 9, 2014 | Stock Superstars Report

The August SSR Monthly Report is now available at the SSR website. There is one new portfolio deletion and one new portfolio addition to announce.

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Erasing July’s Gains

Posted on August 1, 2014 | Stock Superstars Report

The August SSR Monthly Report is now available at the SSR website. There is one new portfolio deletion and one new portfolio addition to announce.

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Politics Take the Backseat, for Now

Posted on July 25, 2014 | Stock Superstars Report

As earnings season gets into full swing, several SSR holdings reported earnings this week, so we are keeping the introduction short and sweet. Markets were shaken up on Monday on concerns of violence in Gaza and Ukraine, but investors were soothed after President Obama issued statements calling for a ceasefire in Gaza. He also said that Russia will be closely watched as investigators seek to get to the bottom of what happened to Malaysia Airlines Flight 17, which was shot down last week.

Macroeconomic events were on the back burner throughout the rest of the week, allowing investors to focus on improving company earnings and pushing the Dow Jones industrial average and S&P 500 index toward record highs. The S&P 500 finished Wednesday at an all-time high, the 26th record close for the year. According to FactSet, approximately one-third of the S&P 500 companies have reported earnings for the quarter and remain on track to increase earnings 6.6% from a year earlier. Analysts projected a 4.9% gain before the unofficial start of reporting season.

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