Decent retail sales in April point to likely rebound in consumer spending from first quarter weakness
Not great numbers but strong enough. For April it looks like a strong job market and higher take-home pay more than balanced out higher gasoline prices. Gas prices are now at their highest level since 2014.
Notes You Need for December 4: Auto sales, restaurant stocks, CVS, Macao gaming, U.S. oil rig count
In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don’t justify a full post. I’ve decided to start compiling these notes here each day in a kind of running mini blog that I’m calling Notes You Need. A typical blog post resembles this one from today: “11:20 a.m.: Wall Street isn’t nearly so positive on CVS Health’s  (CVS) $69 billion bid to acquire Aetna (AET) now that it has seen how the company plans to pay for the buy. CVS plans to issue $44.8 billion in new debt and $21 billion in new equity in addition to using $4.1 billion of cash on hand. Shares of CVS are down 5.2%.”
Notes You Need for August 1: Inflation, London after Brexit, auto sales, F, GM, ISM manufacturing
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Atlanta Fed raises Q2 GDP forecast; auto sales beg to differ
On July 3 the Atlanta Federal Reserve’s GDP forecast for second quarter GDP growth climbed to 3% year over year. That’s up from a forecast on June 30 Â for 2.7% growth. If the forecast proves accurate that would be good news for incomes, the economy, and a stock market that has lately been searching for an upward trend. The problem for the forecast, however, is easily summed up in one word: autos.
Big declines in car sales argue for top in auto cycle
Even big sales incentives weren’t enough to prop up U.S. auto sales in March. Sales trailed estimates with sales at Ford Motor (F) and Fiat Chrysler Automobiles (FCAU) showing big drops of 7.2% and 4.6%, respectively. General Motors (GM) saw a smaller than expected 1.6% increase in sales.
Trick or trend: March auto sales come up short
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Auto sales growth stagnates in September
Auto sales looked great in September if you compared them to a horrible September 2009. But they failed to build on the August recovery. And the weakness included U.S. and Asian automakers
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