Global Review is a new report that has been created at the request of several subscribers. This report is the combination of three daily reports covering the economy, fair value changes and stock consideration changes. Now in a single report you will be able to see country specific economic data that has an influence on markets, revised fair value estimates and revised stock consideration changes. The regular monthly reports on the economy, fair value and considerations will released as they have been previously. The Global Review will only highlight changes between reports. The current review, May 8th, covers the global economy, and USA stocks. Future reviews will begin to add each respective market as we move forward. Canada is next; watch for it!
Inflation remains well contained throughout the world especially in Switzerland and Japan. Global economic growth is still moving forward. Russia is enjoying excellent trade conditions. Europe and UK struggle with declining production. USA is enjoying one of the best employment environments in decades.
Consumer confidence is increasing in most of the globe, except Japan, while inflation remains under control. USA housing market has softened slightly but remains healthy. Earnings and dividend rankings continue to move downward for most, but there are still some exceptional stocks with increasing rankings.
European PMI soft while French and German PMI moves up. Russia sees some welcome relief in PPI, and USA enjoys some of the best employment numbers in the counry’s history. Twelve stocks receive changes in Fair Value, 11 down, 1 up. Mostly due to lower earnings and dividend ratings. CBS, CE and DAL become BUY considerations while APEI and NFLX move in to SELL category.