Costco earned $5.89 per share

The S&P 500 Index hasn’t had a single month of negative returns in 2017. That’s NEVER happened through a full calendar year. If history tells us anything, this probably won’t keep up. (Hartford) For fiscal 2017 Costco earned $5.89 per share on sales of $129 billion, up almost 9% year over year. Same-store sales rose…

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The economy lost 33,000 jobs

Labor Department says the economy lost 33,000 jobs in September. Unemployment rate fell to 4.2%. The S&P 500 has closed at record highs six straight days, its longest run since 1997. It is also on an eight-session win streak, its longest in more than four years. If it rises for a ninth straight day, it…

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Q4 is historically a strong time for equities

Here comes the fourth quarter. Q4, is historically a strong time for equities. Going back to 1950, this quarter has been up 3.9% on average and higher nearly 80% of the time–both are far and away the best out of the four quarters. (LPL Research) United Parcel Service (UPS) and FedEx stock prices are sharply…

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First positive September since 2013

Wall Street looks to post its first positive September since 2013. On the final trading day of the month and the quarter, the Dow, S&P 500, and Nasdaq look to post a third straight week of gains. The S&P 500 is at a record high. (CNBC) The shuttered Hynix memory chip factory in Eugene sold…

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The least volatile September ever?

The least volatile September ever? This month has been calm by historical standards, which is similar to what we’ve been seeing all year in 2017. The average daily intraday closing range on the S&P 500 (from high to low) has been less than 0.4%. Should this average hold over the next couple days, it would…

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Nike had its slowest quarterly sales growth

The S&P CoreLogic Case-Shiller U.S. National Home Price reported a 5.9% annual gain through July. Seattle, Portland, and Las Vegas reported the highest year-over-year gains. Seattle led the way with a 13.5% year-over-year price increase, followed by Portland with a 7.6% increase, and Las Vegas with a 7.4% increase. The National Index posted a month-over-month…

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