Economics – Median Household Income, Useful?
Just when we thought that political controversy would not enter statistics, we are proven wrong. The rhetoric surrounding median household income this week should receive an award for how to report a simple number, in the most complex manner. The amount of information provided has been overwhelming, but in each case very selective and possibly, misleading.
Inspire Acquires Sonic
Inspire has agreed to pay $43.50/share cash for the company. Did the shareholders get enough?
USA Model Stock Portfolio
VF Corporation, Ciena, C.H. Robinson and Nordstrom all move out as Expedia, Starbucks and Goodyear move in.
Investment Strategy Today
S&P makes changes to new Communication Services sector (old Telecommunication Services), 23 stocks move, changes sector from value to growth, dividend yield from 1.1% to 6%, Comm sector becomes 5th largest, Abercrombie & Fitch, Chesapeake Energy, Cloud Peak and Lam Research earn Buy consideration while Cable One, FutureFuel, UnitedContinental and Viad become Sell considerations. Micron Tech drops in fair value but remains a Sell consideration.
Consumer Credit – Update September
Historically, consumer credit started 1987 at $653 billion. It is now at a $3,918 billion level. The quality of the credit is much better than historically and has remained stable at a combined default rate of 0.87%.