Tag: durable

Stocks terrible week ends on a positive note, Last-ditch stimulus bubble pops, Business investment looks durable

US stocks are bouncing back as investors jump back on the mega-cap tech trade and after a couple battered cruise companies got upgraded.  Optimism that stemmed from the restart of negotiations between Democrats and Republicans is quickly fading.  It seems the last-ditch stimulus bubble is already popping because they are not any closer to a deal.  Democrats have restarted negotiations with a $2.4 trillion stimulus proposal, almost a trillion more than what President Trump hinted with what he would be willing to support. 

It was a bad week for stocks and Friday’s buying does bring much confidence. 

Durable Goods

US orders for durable goods rose at a slower pace confirming the leveling off with the economic recovery.  A better-than-expected business investment reading was a bright spot in today’s report.  Capital goods rose 1.8%, better than the 1.0% consensus estimate and lower than upward revised 2.5% prior reading. 

Sales of computers,

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Home sales, Costco earns, durable goods orders

A look at some of the key business events and economic indicators upcoming this week:

U.S. home sales have surged this summer, fueled by ultra-low mortgage rates and competition for a limited supply of properties.

Sales of previously occupied U.S. homes jumped by a record 24.7% in July to a seasonally adjusted annual rate of 5.86 million homes. That was the second straight month of accelerating home purchases. Economists expect the trend continued last month. The National Association of Realtors issues its August home sales tally Tuesday.

Existing home sales, in millions, seasonally adjusted annual rate:


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March 5.27

April 4.33

May 3.91

June 4.70

July 5.86

Aug. (est.) 5.95

Source: FactSet

SPOTLIGHT ON COSTCO

Wall Street expects that Costco Wholesale’s latest quarterly report card will show solid results.

Analysts predict

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