Summer is peaking. The lousiest start for stocks in a New Year on record has reversed. The S&P500 finally broke out of a tight mid-2016 range. The S&P500 passed (in mid-July) its all-time high seen in June 2015.
This index technical is very important to bulls.
The 12-month forward look on earnings growth matters in mid-Summer. Consensus sees +0.8% in annual S&P500 EPS growth for 2016 and a hockey stick +13.4% for 2017. In 2015, the S&P500 saw -1.1%. In 2014, it saw +4.8%.
The latest June ISM surveys say it all. The U.S. economy has stayed on track.
(1) U.S. manufacturers grew in June at the fastest pace in 15 months, signaling a clear if modest uptrend after a bout of extended weakness.
(2) On top of that, economic activity in the non-manufacturing sector grew in June for the 77th consecutive month.
(3) If it is my guess, the U.K. Brexit event will be a non-event for U.S. consumers.
(4) However, for firms and banks, Brexit will delay any inward investment into the U.K. by U.S. and non-U.S. groups alike.
Yes, the U.S. remains in expansion. Recent monthly labor market evidence emerged conclusive. The U.S. created +287K jobs in June, bouncing back, after adding just +11K new jobs in May. June was the biggest job addition this year.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Summer is peaking. The lousiest start for stocks in a New Year on record has reversed. The S&P500 finally broke out of a tight mid-2016 range. The S&P500 passed (in mid-July) its all-time high seen in June 2015.
This index technical is very important to bulls.
The 12-month forward look on earnings growth matters in mid-Summer. Consensus sees +0.8% in annual S&P500 EPS growth for 2016 and a hockey stick +13.4% for 2017. In 2015, the S&P500 saw -1.1%. In 2014, it saw +4.8%.
The latest June ISM surveys say it all. The U.S. economy has stayed on track.
(1) U.S. manufacturers grew in June at the fastest pace in 15 months, signaling a clear if modest uptrend after a bout of extended weakness.
(2) On top of that, economic activity in the non-manufacturing sector grew in June for the 77th consecutive month.
(3) If it is my guess, the U.K. Brexit event will be a non-event for U.S. consumers.
(4) However, for firms and banks, Brexit will delay any inward investment into the U.K. by U.S. and non-U.S. groups alike.
Yes, the U.S. remains in expansion. Recent monthly labor market evidence emerged conclusive. The U.S. created +287K jobs in June, bouncing back, after adding just +11K new jobs in May. June was the biggest job addition this year.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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