Join        Login             Stock Quote

Tuesday February 14, 2012 ETF To Watch: Consumer Discretionary SPDR (XLY, AMZN, DIS, MCD)

 February 14, 2012 11:27 AM

After a dismal end to last week, stocks rallied at the market open yesterday as news of strict fiscal cuts in Greece gave hope to a number of investors and analysts alike. "There was some apprehension about it, but the fact of the matter is it was done, and it's given some very real clarity to markets in terms of what kind of risk Greece represents to the market," said Peter Kenny, managing director at Knight Capital in Jersey City, New Jersey. This good news will hopefully keep Greece on the back-burner for the time being, as a slew of key economicdata is slated to be released this week [see also Doomsday Special: 7 Hard Asset Investments You Can Hold in Your Hand].

[Related -Netflix, Inc. (NASDAQ:NFLX): Can Netflix Trump Amazon.com, Inc. With New Plans?]

[Related -Teradata Corporation (NYSE:TDC): Lower Cost Platforms Could Curtail Growth Rates]

One of the most significant reports will come from U.S. advance retail sales, which will be detailed during today's trading session. This report is a monthly measure of the sales of goods to consumers around the country. As such, this statement comments on the consumer spending sector and how willing citizens are to part with their discretionary income. A higher figure is a good sign, as it means that people are willing to spend money believing the economy to either be strong or stable. A lower-than-expected figure could point to increased saving and a lack of overall confidence in our economy.

Today's report is predicted to come in at 0.7%, a nice jump from December's 0.1%.

Next Page >>12
iOnTheMarket Premium


Comments Closed

rss feed

Latest Stories

article imageEmerging-Markets Stocks Took The Lead Last Week

Emerging-markets equities enjoyed a solid rise last week among the major asset classes, based on a set of read on...

article imageDoes Your Latest Investment Pass This Test?

On Wednesday, I sounded the alarm about the problems looming for some consumer staples stocks. In short, read on...

article imageIs The Slump In US Manufacturing Easing?

Yesterday’s November survey data from the Philadelphia Fed hints at the possibility that a stronger trend read on...

article imageMarket Potentially Facing Near Term Technical Headwinds

After the S&P 500 Index pullback on Thursday and Friday last week, the market's advance on Monday and read on...

Popular Articles

Daily Sector Scan
Partner Center

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.