Going for Nine in a Row

The S&P 500 is going for its ninth-straight rally in a row, but the market is down a bit right now. JoS. A Bank ($JOSB) is having a very rough morning. The shares are down about 16%.

On our Buy List, Bed Bath & Beyond ($BBBY) is getting clipped by 2.6% thanks to a downgrade at Goldman Sachs.

The good economic news today was that orders for durable goods rose by 4.6% last month.

The gains were led by a 56.4 percent increase in military aircraft orders and a 10.1 percent increase in commercial aircraft orders.

Orders for machinery, communications equipment and primary metals such as steel also showed increases.

Still, demand for core capital goods, a measure of business investment plans, rose just 0.2 percent. That followed two straight monthly gains of 3 percent.

Orders for durable goods, which are expected to last at least three years, can fluctuate from month to month. For all of 2012, durable goods orders rose 4.1 percent. But demand for core capital goods fell 0.3 percent for the year.

Posted by on January 28th, 2013 at 10:08 am


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