The Market Implies the Fed's Ready to Raise: What Does This Mean?
Following Friday’s jobs numbers, not only did the implied probability of a Fed rate hike rise to 70%, but the degree of the expected hike also increased from 0.125% to 0.375%.
Monster Beverage’s sales in 3Q15 came in ahead of the consensus Wall Street analyst estimate of $735.1 million.
Sector ETF Analysis
Energy and Power
Rowan’s 3Q15 revenue came in 5% higher than analyst estimates of $521 million, and its EBITDA was 21% higher than the estimate of $221 million.
Tech, Media, and Telecom
The Walt Disney Company (DIS) announced its 4Q15 and fiscal 2015 results on November 5, 2015. It saw record revenues of $52.5 billion in fiscal 2015.
Industrials
Navios Partners’ 3Q15 results were slightly below market expectations. However, the biggest surprise for the market came in the form of a 52% distribution cut.
Consumer Discretionary and Retail
Fragrances and beauty products company Coty reported its 1Q16 results on November 5, 2015. It reported varying results across its businesses.
Basic Materials
Goldcorp (GG), a Canada-based gold producer, underperformed the Market Vectors Gold Miners Index ETF (GDX) year-to-date.
Financials
Ares Capital reported its 3Q15 earnings on November 4. The company beat Wall Street analysts’ earnings per share estimates of $0.38, instead posting EPS of $0.41.
Real Estate
According to the National Association of Realtors, existing home sales grew 4.7% to 5.5 million in September. That’s above the consensus estimate of 5.4 million.
Healthcare
Wright Medical Group (WMGI) rose 6.5% on better-than-expected sales. The company announced 3Q15 net sales of $80.1 million.
Consumer Staples
On November 9, 2015, the Dean Foods Company will report its third quarter results for fiscal 2015. The company is part of the dairy products industry.
Global ETF Analysis
Country ETFs
A quiet revolution is taking place in China. Few people will have heard of Shenzhen Everwin Precision Technology but this company is making history.
Emerging Markets
First Trust Value Line Dividend Index Fund is a smart beta fund by First Trust that seeks to replicate the performance of the Value Line Dividend Index.
Income ETF Analysis
Fixed Income ETFs
While high yield bonds could be an avenue for higher yields, they seem risky given the slowing global economy and low oil prices. In such a scenario, preferred stocks could offer some value.
Real Estate Investment Trusts
Albemarle has a market capitalization of $6.1 billion. After its 3Q15 earnings report, it fell by 0.82% to close at $54.22 per share as of November 4, 2015.
Master Limited Partnerships
Rice Midstream Partners (RMP) was the top gainer among midstream MLPs at the end of trading on Thursday, November 5.
