The KUIK Market Update for Monday, January 25:
Markets are down.
Index Direction Change Units Time
Dow Down (85) points 16,009 7:57 AM
S&P500 Down -0.6% percent 1,895
Nasdaq Composite Down -0.4% percent 4,574
30 Year Treasury Down (2) Basis Points 2.80 Annual Yield
Intel was upgraded today by Macquarie Research analyst Deepon Nag. He raised his rating to outperform from neutral, while keeping the price target at $35, which is 17% above Friday’s closing price of $29.93. Nag wrote in a note to clients that his research suggests Intel has been undershipping end-demand for all of 2015, “which we believe adds potential upside to estimates as the PC supply chain replenishes processor inventories.”
Under the heading of things could be worse here in the US, Russia’s gross domestic product contracted 3.7% in 2015 due to falling oil prices and Western sanctions, according to the Federal Statistics Service. Retail sales fell 10% last year, while capital investment shrank 8.4%. Russians’ real disposable incomes declined for the second year in a row, falling 4% in 2015 due to inflation that hovered above 15% for several months.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
http://www.marketwatch.com/story/intel-upgraded-as-analyst-sees-a-bounce-back-this-year-as-clients-restock-2016-01-25
http://www.marketwatch.com/story/crude-prices-continue-to-gain-on-hopes-for-stimulus-from-europe-2016-01-25
For today’s Market Update Report click to listen->