Jobs Report: What To Watch For Next
Week…
The Dynamic Wealth Report
July 1, 2011
by Justin Bennett, Editor
Here it is…
Today’s the start of the third quarter. And that means the markets have
been subjected to the ‘window dressing’ effect in recent weeks.
What’s that mean?
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Mutual fund and portfolio managers use the final days of each quarter to
buy into top performing stocks. You know, the ones they didn’t have in
their portfolios the past three months.
It’s a sneaky little trick many professional money managers use…
In a nutshell, they dump their biggest losers and purchase the quarter’s
high flyers. The idea is to trick investors into believing the fund
owned many of the quarter’s best performing stocks.
Like it or not, it’s a common practice. The good news is the window
dressing effect usually gives the markets a boost at the end of each
quarter.
Just like what happened this past week…
Last Friday I mentioned we had a great opportunity to buy select stocks
at multi-month lows. I specifically highlighted Caterpillar (CAT),
Home
Depot (HD), and Intel (INTC). And as I expected, all three have all
performed very nicely this week.
So what’s the plan for next week?
The markets are closed Monday for the Fourth of July. I hope all you
have a great and enjoyable holiday. I know I’m looking forward to
spending a long weekend with my family.
As far as the markets go, the holiday shortened trading week is likely
to be a little choppy. Since portfolio managers are done “dressing up”
their portfolios, we’ll likely see some indecision for stocks next week.
Investors will be waiting for very important economic news…
The ADP Employment Report hits the wires on Wednesday. Investors will be
watching this report for a hint of what the Bureau of Labor and
Statistics (BLS) Monthly Employment Situation report holds for Friday.
The Friday jobs number is extremely important…
Maybe you remember last month’s disappointing jobs numbers set off the
“June Swoon”. The broad markets dropped quickly on the discouraging news
of May’s weak job growth.
Now June’s jobs number will set the tone for July…
So what should you do next week?
If you’re already long the market, consider holding tight through this
week. See if the basket of stocks you bought last week can get a little
more upside.
But when Friday rolls around… be ready to take action.
If June’s jobs numbers are wildly disappointing, we’ll see a big
sell-off in stocks… just like last month. But if the number comes in as
expected (or better than expected), the markets will likely rally to
close out the week.
If we get a rally, consider adding to some of your profitable positions.
If the jobs number is a big miss, lock in your profits from last week.
Now keep in mind…
These trading plans are meant to help you decipher the markets from week
to week. If you’re a long-term investor committed to holding stocks for
the long run… do just that.
But if you like taking money out of the markets on a short-term basis,
knowing how to decipher important market information is an essential key
to profits!
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• Nike (NKE) was upgraded by
Capstone this week. They now have a buy rating on the stock. The shoe
company reported surging revenues in Monday earnings report.
• Raymond James upped International Rectifier (IRF) to “strong
buy”. I would have to agree… the semiconductor manufacturer looks
under-valued at these levels.
• Northern Oil and Gas (NOG) was upgraded to “strong
buy” rating at CapitalOne Southcoast. The company has exposure to the Bakken shale in North Dakota and Montana.
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