Released On 11/23/2016 8:30:00 AM For Oct, 2016 Prior Consensus Consensus Range Actual New Orders – M/M change -0.1 % 1.5 % -0.5 % to 4.5 % 4.8 % New Orders – Yr/Yr Change 1.6 % Ex-transportation – M/M 0.2 % 0.2 % 0.0 % to 0.8 % 1.0 % Ex-transportation – Yr/Yr 0.0 % Core capital goods – M/M change -1.2 % Core capital goods – Yr/Yr -4.1 % Source: Bloomberg/Econoday
Mortgage applications up 5.5%, as fear of rising rates triggers homebuying surge
http://www.foxbusiness.com/markets/2016/11/22/madison-square-garden-says-customer-card-data-may-have-been-hacked.html
Eli Lilly (LLY) tanked 12% in pre-market trading after its solanezumab drug did not meet the primary endpoint in a Phase 3 study in people with mild dementia due to Alzheimer’s disease. GameStop (GME) lost almost 1% in after-hours trading after it reported Q3 revenue of $1.96 billion, less than consensus of $1.99 billion. Urban…
http://www.foxbusiness.com/features/2016/11/22/carl-icahn-sets-record-straight-on-role-with-trump.html
Market Update: Stock futures are relatively quiet ahead of Wednesday’s open one day after the major indices hit fresh record highs and topped psychologically important levels. The stock market will be closed all day on Thursday (in observance of Thanksgiving) and close at 1pm EST on Friday. Gary’s Thoughts: Futures down…nah, that can’t be. Market never…
http://www.reuters.com/article/us-gamestop-results-idUSKBN13H2FE
Stocks rallied on Tuesday helping the Dow trade above 19,000 and the S&P 500 top 2,200 for the first time ever. These are “round” numbers and important psychological levels to watch going forward. Existing home sales jumped to a 9.5 year high. Steel stocks continued to surge and act very well. Gary’s Thoughts: 19,000 dow…most…
http://www.reuters.com/article/us-internet-itu-idUSKBN13H0XG
