Random Notes

Here are a few scattered points I wanted to pass along today.

The industrial production report for June wasn’t bad. It was up 0.3%. Consensus was for +0.2%. The last few reports have been pretty weak. IP is still lower than where it was seven months ago.

The stock market is holding on to gains at the moment. This could be our fifth up day in a row.

After the Wells Fargo (WFC) earnings report, the stock fell in the after-hours market. But since real world trading started, WFC has done quite well. It’s very close to a new 52-week high. In addition to Wells, BCR, EBAY, FISV, ROST, SBNY, SNA and SYK are at or very near new highs today.

While the S&P 500 is still below its all-time high, both the Consumer Discretionary and Healthcare sectors have made new highs. The Financials are very close as well.

Posted by on July 15th, 2015 at 1:22 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.