In the ongoing bad-news-is-good-news saga, last week’s surprisingly weak jobs report led to speculation that the Fed would delay hiking interest rates, which is perceived as a positive for equity investors. So, bulls are getting a boost for the moment, although those previously hard-won round-number price levels for the major indexes are now serving as ominous overhead resistance that will likely require a strong new catalyst to break through. Whether stocks are destined for downside or upside from here, Q1 earnings season starts this week and will likely provide the catalyst. Read more about Sector Detector: Stocks grind into neutral, hoping to find a new catalyst in earnings season

Stocks are hitting new highs across the board, even though earnings reports have been somewhat disappointing. Actually, to be more precise, Q4 results have been pretty good, but it is forward guidance that has been cautious and/or cloudy as sales into overseas markets are expected to suffer due to strength in the US dollar. Read more about Sector Detector: Sector rankings stay neutral with few bullish catalysts on horizon

Today brought three better than expected economic releases from Construction Spending, ISM Manufacturing, and Personal Income. The ISM figure was quite unexpected and Personal Income was well above expectations.  If we ignore for a moment that the Final GDP reading for Q4 was lowered on Friday (which may or may not have been primarily caused by severe weather), we have had a week of better than expected economic numbers. Read more about What the Market Wants: War Drums Trump Solid Economic Numbers

david / Tag: ARRS, BX, DAL / 0 Comments

The S&P 500 seemed to hit a wall at 1800, retreating after the all-time, but rebounded to close only 0.38% down. It could be just a pause or it could be a bit more serious due the plethora of earnings reports this week from the Consumer Discretionary sector.  Today, URBN began what will be a veritable deluge of retail sector earnings reports this week Read more about Turning point for Consumer Discretionary Sector?

david / Tag: BX, ACT, NUS / 0 Comments

The market had a very rough opening this morning with the Dow down over 100 points and the S&P and Nasdaq looking weak.  Yet, the market rebounded a little, cutting some of the losses. Did you hear or read anything over the weekend that made you feel good about anybody solving the budget and debt issues soon?  We have 10 days!  Read more about What the Market Wants: Where is the Leadership?

david / Tag: BX, THO, CTSH, VZ, T, telecom / 0 Comments

After a long weekend, the market got a decent start to the new week from favorable European economic reports this morning and our own political “calm before the storm.” Last week was frankly more upbeat than many expected as the market continued its advance to new highs, albeit slowly. And it was a quiet one ahead of the President’s Day weekend with a less partisan State of The Union speech from the President. Read more about What the Market Wants: Equities are the Best Game in Town

david / Tag: BX, APO, KKR, CLMT / 0 Comments

On December 31, 2012, we announced 4 bonus stocks for Baker’s Dozen, stocks that didn’t qualify for the Baker’s Dozen UIT because they were partnerships, rather than corporations. These four stocks have gained an average of +18.22% for the first 6 weeks of 2013 (as of 2/15/13 market close)!  These figures, by the way, do not include dividends, and all four stocks have healthy dividend yields.

The Blackstone Group LP (BX), +20.46% 

Apollo Global Management LLC (APO), +24.93%

Kohlberg Kravis Roberts & Co. (KKR), +14.77%  Read more about 4 Bonus Stocks up +18.22% YTD

walter / Tag: BX, APO, KKR, CLMT / 0 Comments

Editor’s Note: Walter Gault is this week’s author. David Brown will be back next week. Read more about What the Market Wants: Avoid Big Banks, Consider Asset Managment

walter / Tag: STX, JBLU, UTHR, CELG, KKR, APO, BX / 0 Comments