Service Change: Economic Factor Industrial Production Added to Stock Analysis
Today we are starting to show the influence of the U.S. Industrial Production on U.S. stocks within the database. Each individual stock’s data sheet will now have a notation titled Industrial Production. Figure 1 provides a cutout of the table that is available through the stock search menu option. The Industrial Production index is an economic indicator that measures real output for all facilities located in the U.S. manufacturing, mining, electric and gas utilities. It also includes newspapers, periodical and book publishing. The index is calculated monthly with a base year of 2002.
Steve’s U.S. View
We started the month with markets above fair value by a moderately high, but reasonable level. MidCap and SmallCap were slightly elevated in the teens, but they were not unreasonable. With investor expectations on the positive side, above 100.0% Fv, major events such as a change in central bank policy and the thought of a global trade slowdown pushed markets lower. The direction was unwanted, but rational.
Stock Consideration Change Report: U.S.
1 new Buy, 12 new Buy Watch, 3 new Sell Watch and 13 new Sell considerations
Stock Fair Value Report: U.S. : Update
Micron Technology moves up to $41/share fair value.
Stock Fair Value Report: U.S. : Update
Stock Fair Value ratings remain stable even with current market fluctuations.