Insightful analysis and commentary for the US and global equity investor
Contributors: Douglas McIntyre Jon C. Ogg

Previous Posts

Thursday, August 10, 2006

The Goods on Capital Goods

By William Trent, CFA of Stock Market Beat

Durable goods orders for capital goods remain strong, although rising inventories and some signs of stabilization/weakness merit watching.

Residential investment is another thing altogether, as consensus has quickly built on the slowing housing market. The second-quarter GDP report had some interesting data showing just how fast builders are adjusting to the new market. While the Q1 decline to 6.1% could have been a temporary pause like that of late 2004, the second quarter data shows an actual year/year decline.Watch List news:

The Brazilian aircraft manufacturer Embraer (ERJ) has sold 30 E-175 regional jets to Republic Airlines Inc., its first sale of the jet to the US market, Embraer said in a statement. Meanwhile their business jet backlog has increased to $1.25 billion. All the positive news makes the Motley Fool think Embraer can fly.

Other News:
We had some good things to say about Rockwell Automation.

Powered by Blogger