Money Talks – November 7, 2015

This week on “Money Talks,” hosts Matt Hames, CTFA and Troy Harmon, CFA, CVA are joined by Shawna Theriault, CFP®, CPA, and D.J. Barker, CWS®, to discuss the week’s market action, the ISM Manufacturing and Services indices, factory orders and earnings from Facebook Inc. The experts also delve into a case study on a family with a son entering college in the fall and why he needs to fill out the FAFSA as soon as possible. They also address listener questions on ETF investing, TASER International, and Pitney Bowes.

Market Roundup: Markets Post Gains for the Week

The week began with positive results, with the Energy sector leading the way up. The rally pushed the Dow Jones Industrial Average back into positive territory for 2015 for the first time since July. The rally in Energy continued on Tuesday, bolstered by rising crude costs. Additionally, monthly auto sales increased. The markets did a turnabout mid-week on a variety of economic news. Services industry activity ticked up in October, with the Institute for Supply Management’s non-manufacturing index rising from 56.9 to 59.1. The results exceeded consensus expectations. On another note, the U.S. trade gap contracted to $40.8 billion in September, from a revised $48 billion in August. Thursday’s trading session closed slightly lower in the wake of mixed earnings reports. Stronger-than-expected jobs numbers led to mixed moves on Friday. The Dow and NASDAQ tacked on some points while the S&P 500 traded fractionally into the red. October employment data exceeded expectations, with the U.S. economy adding 271,000 jobs last month versus expectations of 180,000. The unemployment rate slipped to five percent. Additionally, August’s numbers were upwardly revised by 17,000, while September’s results were revised down by 5,000.

Money Talks – October 31, 2015

This week on “Money Talks,” Senior Associate Ben Crowe, CFP®, CFA, C.P.A., joins Matt Hames, CTFA, and Troy Harmon, CFA, CVA, to discuss several economic reports that all came in lower for the week, despite an increase in advance estimate of GDP for the third quarter. The hosts review new home sales, the Conference Board Consumer Confidence Index and mortgage applications. They also summarize how earnings have been by sector.  The hosts also explore a case study of a sole proprietor who has been using an independent contractor but is considering hiring the contractor as an employee. The experts also answer listeners’ questions on Tyson Foods, U-Haul’s parent company AMERCO, charitable business donations and how to invest $50,000 into individual stocks.

Market Roundup: Markets Mixed for the Week, but Positive for October

Stocks dipped Monday as investors looked ahead to a big week of quarterly reports and the Federal Open Market Committee meeting. The dip continued Tuesday as energy stocks weighed on the market because of a dip in crude oil. Healthcare stocks in the S&P 500 rose the most on Tuesday, up 1.7%. Treasury prices rose as well, pushing the 10-year note’s yield down to 2.03%. When the Federal Reserve decided to keep interest rates on hold and toned down its concerns about global financial markets, investors reacted kindly, pushing the markets higher for the day. Crude Oil also moved higher, bolstering Energy stocks. Trading ended slightly in the red zone on Thursday, as the Commerce Department showed real GDP increased 1.5% in the third quarter, which was well shy of the 3.9% advance during the second quarter. Indices traded into red territory on Friday. Stocks may have dipped for the day, but the markets ended the month well in the green.