The preliminary University of Michigan Consumer Sentiment Index for September jumped 4.8% to a reading of 100.8 after posting a final reading of 96.2 in August. The preliminary reading is 6% higher than the preliminary index reading of 95.1 in September of 2017.
The September index and subindex readings came in higher in every case when compared to August of last year. The preliminary August reading represents the second-highest reading since March of 2004. U.S. consumers have been buoyed lately by abundant jobs and rising wages.
Economists polled by Bloomberg were expecting a preliminary September reading of 97.
The month-over-month consumer expectations subindex rose 4.6% to 91.1, and the current conditions subindex rose from 110.3 to 116.1. (up 5.3%).
Year over year, the current conditions subindex is up 3.9% and the consumer expectations subindex is up 7.9%.
The survey's chief economist, Richard Curtin, said:
Consumer sentiment posted a robust rise in early September, reaching 100.8, the second highest level since 2004-only behind the March 2018 reading of 101.4. Importantly, the gains were widespread across all major socioeconomic subgroups. The Expectations Index reached its highest level since July 2004, largely due to more favorable prospects for jobs and incomes. Despite a lessening of expected gains in nominal incomes in September, inflation expectations also declined, acting to offset concerns about declining living standards. Consumers anticipated continued growth in the economy that would produce more jobs and an even lower unemployment rate during the year ahead. While consumers were somewhat more likely to anticipate that the economic expansion would continue uninterrupted over the next five years, nearly as many expected another downturn sometime in the next five years. The largest problem cited on the economic horizon involved the anticipated negative impact from tariffs. Concerns about the negative impact of tariffs on the domestic economy were spontaneously mentioned by nearly one-third of all consumers in the past three months, up from one-in-five in the prior four months.
Hot Heal Care Stocks To Buy For 2019: Crown Media Holdings, Inc.(CRWN)
Advisors' Opinion:- [By Max Byerly]
Acumen Capital reissued their buy rating on shares of Crown Capital Partners (TSE:CRWN) in a research report report published on Tuesday. Acumen Capital currently has a C$11.80 target price on the stock.
Hot Heal Care Stocks To Buy For 2019: Southern Company (SO)
Advisors' Opinion:- [By Jon C. Ogg]
Southern Co. (NYSE: SO) took a beating on Wednesday, and the gap down of 2% more to $46.09 on Thursday’s opening bell had seen shares recover to a loss of just 0.4% at $46.72 shortly before noon. Barclays downgraded the shares to Equal Weight from Overweight and cut its target price to $48 from $51. Guggenheim lowered its rating to Neutral from Buy and lowered its price target from $50 to $47. Credit Suisse downgraded it to Underperform from Neutral with a $43 price target. Other target cuts were seen as follows:
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And while it's imperative that you don't risk money you're going to count on in the next several years in investments that can quickly lose a lot of value and be very slow to -- if ever -- recover, high-quality dividend stocks can still serve an important part in providing the best mix of income for today and long-term capital appreciation for down the road. To help you find the best dividend stocks for your retirement, three Motley Fool investors did some research and came back with Hasbro, Inc. (NASDAQ:HAS), Southern Co. (NYSE:SO), and Kinder Morgan Inc. (NYSE:KMI).
- [By Ethan Ryder]
Flagship Harbor Advisors LLC increased its position in Southern Co (NYSE:SO) by 82.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,923 shares of the utilities provider’s stock after acquiring an additional 6,309 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Southern were worth $644,000 at the end of the most recent quarter.
Hot Heal Care Stocks To Buy For 2019: Rex Energy Corporation(REXX)
Advisors' Opinion:- [By Stephan Byrd]
News stories about Rex Energy (NASDAQ:REXX) have trended somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Rex Energy earned a news impact score of 0.07 on Accern’s scale. Accern also gave news articles about the oil and gas exploration company an impact score of 45.4610840717308 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
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