Rover's Weekly Market Brief - 10/16/2020

New Investment Research Now Available in Stock Rover

We are pleased to announce that we have enhanced Stock Rover to include Analyst Research reports from Left Brain Investment Research, an investment research firm that is both a Stock Rover partner and a Stock Rover user. The Left Brain analysts user Stock Rover as an integral part of their research process.

Left Brain does deep research on select stocks that they find promising from an investment point of view. Left Brain are long term investors with a focus on growth. Their research is now available to all Stock Rover users.

To access the research from Stock Rover, you can select Markets from our grey selector panel on the left and then click on Analyst Research in the blue header bar. You can also get the Left Brain research by selecting Ideas from the grey selector panel.

Economy

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2% in September on a seasonally adjusted basis, the increase was driven primarily by a 6.7% increase in the index for used cars and trucks (the largest monthly increase since February 1969). The energy index rose by 0.8%, while the natural gas index increased by 4.2% for the month. The index for all items less food and energy rose 1.7% YoY.  The food index increased by 3.9% over the last 12 months, while the energy index declined by 7.7%.

The IMF’s October 2020 Global Financial Stability Report expressed concerns stating that –  “The COVID-19 pandemic could be a major resilience test for the global financial system”.  The report went on to say that while fiscal support and monetary easing have delivered near term global financial stability – that rising stock market valuations despite weak performance, as well as the solvency risks associated with all the pandemic related borrowing could pose significant challenges. Going forward credit availability and targeted solvency support will be essential to a sustained recovery.

The U.S. Commerce Department reported retail sales rose 1.9% in September, exceeding the 0.7% Dow Jones consensus estimates. Retail sales were up from August’s increase of 0.6%. Auto sales showed particular strength as excluding autos, the gain amounted to 1.5%. Clothing and accessories faired nicely rising 11%, while sales in the sporting goods sector increased by 5.7%. Electronics and appliances dropped by 1.6% over the August levels, representing a decline of 6.4% from the pace of a year ago.

Upcoming Economic Reports:

Wednesday October 21 – Beige Book

Thursday October 22 – Index of Leading Economic Indicators

Earnings Calendar:

 

Monday	Tuesday	Wednesday	Thursday	Friday
IBM (IBM)	Procter & Gamble (PG)	Verizon Communications (VZ)	Coca- Cola (KO)	American Express (AXP)
PPG Industries (PPG)	Netflix (NFLX)	Tesla (TSLA)	Intel (INTC)	ABB (ABB)