Update Economic USA Housing
Housing has returned to the upper ranges of our forecast coming in at 1,127 while new home sales continued on a growth path reaching 667,000. Existing home sales (gold line) started moving back up again after several months of lower levels. Existing homes are struggling under low inventory and increasing prices.
Stock Fair Value Change Report
COGNEX, Calloway, FirstSolar, Intel, LabCorp of America, Landstar, Power INtegrations, Reinsurance Group, and ResMed all received increases in fair value while Aaron’s, Biogen, Cincinnati Financial, and US Ecology moved downward.
Stock Fair Value Change Report
Ameriprise, Avery Dennison, Caterpillar, Cabot Micro, EMCOR, Group1 Automotive, IDEX, InterParfums, John Bean Tech, 3M, Materion, Northrup-Grumman, PolyOne, Praxair, Silicon Labs, Transdigm, ThermoFisher, VISA, Winnebago, Waste management, Watsco, and West Pharmaceuticals all received higher fair values. Agree Realty, Anika Therapeutics, Anixter, Carisle Cos, Integra LifeSciences, Insteel, Ingersoll-Rand, Lockheed martin, Oceaneering Intn’l, Raytheon, The Travelers, Textron, Universal Health Services, and Whirlpool moved lower.
Stock Fair Value Change Report
Ameren, Delta Timber, Baker-Hughes, Kaiser Aluminum, Lennox, LAM Research, Manpower, PetMedExpress, and Universal Forest receive higher fair values while Arconic, Bank Mutual Corp., Facebook, Hasbro, McDonald’s, Sherwin-Williams, UnitedContinental, and UniFirst moved downward.
USA Stock Consideration Report (October 2017)
Selling pressure appears to have stabilized after last month’s drop. Midcap has moved well into fair value territory after spending most of 2017 in cautionary levels. Even smallcap lowered the overvalued stress from earlier in 2017 and is now comfortably in fair value range. Both of these market capitalization areas experiencing lower overvalue stress is comforting given the strong total return performance of the most recent 90 days. Smallcap advanced from a loss of 2.44% to a gain of 8.52% while midcap advanced nearly 8 percentage points reaching 10.00% for the year to date.