Louis Navellier 
Existing Home Sales Up in July
Posted by Louis Navellier on 8/25/08 2:40 pm
Existing home sales were up in July, but so were inventories. There’s now 11.2 months of supply. In other words, more homes were put up for sale than…
Commodities Having Best Week in 33 Years
Posted by Louis Navellier on 8/21/08 12:34 pm
If the Reuters/Jefferies CRB Index stays flat tomorrow, it will ring up its best weekly gain since 1975. The index of 19 commodities surged more than 3.3% today…
Fannie Mae and Freddie Mac Shares Continue to Plummet
Posted by Louis Navellier on 8/20/08 12:27 pm
Shares of Fannie Mae and Freddie Mac continued to free fall today, down about 26% and 22%, respectively. Bloomberg reported that both GSEs could fail to pay off…
Economic Recession Looms
Posted by Louis Navellier on 8/7/08 9:43 am
Now that the government’s stimulus checks have been exhausted, retailers are getting a dose of reality. Of the 36 retailers that have reported July sales figures, 22 announced…
CRB Commodities Index Suffers Biggest Loss Since March
Posted by Louis Navellier on 8/4/08 1:17 pm
The Reuters/Jeffries CRB Index of 19 commodities today suffered its biggest one-day loss since March. One of my traders reported to me there was a rumor that a…
No End in Sight for the Credit Crisis
Posted by Louis Navellier on 8/4/08 11:49 am
On Friday, the Federal Deposit Insurance Corporation (FDIC) announced the eighth bank failure of the year, and the fourth in less than a month. The latest casualty was…
The Fed Will Not Raise Interest Rates Tomorrow
Posted by Louis Navellier on 8/4/08 11:35 am
The fed funds futures contract is pricing about a 30% chance the Fed will raise key interest rates tomorrow, which I agree with, since market rates, based on…
Fed Pushes Lending Date for Investment Banks to January 30
Posted by Louis Navellier on 7/30/08 10:47 am
The Fed announced today that it extended the period for which primary dealers can borrow from its discount window to January 30, 2009. This is a clear sign…
Bureau of Land Management to Sell Oil Leases in National Petroleum Reserve of Alaska
Posted by Louis Navellier on 7/28/08 12:47 pm
The BLM will sell oil leases for more than 2.6 million acres in the NPR-A this October. The NPR-A is estimated to hold about 8.4 billion barrels of…
Assets at Two National Banks Seized by Regulators
Posted by Louis Navellier on 7/25/08 7:43 pm
We knew bank failures were coming, but we didn’t expect one of the first to be in our backyard! Fed regulators shut two national banks today, one of…
Chrysler Kills Leasing Programs
Posted by Louis Navellier on 7/25/08 7:36 pm
This is very bad news for economic growth. The U.S. auto industry is a half a trillion dollar per year business that is driven substantially by auto loans. …
Potash Corporation Beats Estimates
Posted by Louis Navellier on 7/24/08 8:36 am
My big bet on fertilizer stocks was hopefully vindicated today after Potash, a top-10 holding in my new Vantage portfolio, announced that its second-quarter sales rose 94.1% and…
Existing Home Sales Tumbled in June
Posted by Louis Navellier on 7/24/08 8:12 am
11.1 months’ inventory of unsold homes is scary. I’m in Southern California right now, and folks here are freaked about how fast home prices are falling, and their…
Beige Book Underscores Dilemma for Fed Officials
Posted by Louis Navellier on 7/23/08 11:42 am
The Fed’s Beige Book report today is a bad sign and indicative that the Fed may not raise key interest rates, despite the fact that the internal disagreement…
SEC Announces Emergency Action to Reduce Short Selling
Posted by Louis Navellier on 7/15/08 10:31 am
This is absolutely HUGE news, especially if the SEC restricts shorting on a wide variety of stocks... The Wall Street Journal The Securities and Exchange Commission announced an…
Job Losses Are Increasing
Posted by Louis Navellier on 7/7/08 7:20 am
The slow, but steady deterioration in the job market is taking its toll on the economy. Unemployment is headed to 6%. Congress, Obama etc. are talking about another…
Montana and North Dakota Have 3B to 4.3B Barrels of Oil
Posted by Louis Navellier on 6/30/08 1:16 pm
The Bakken Formation has received glowing press recently. Some sources are calling it the most significant opportunity for U.S. energy independence. Is this also a significant investment opportunity?…
Morgan Stanley’s Second-Quarter Profit Dropped 60%
Posted by Louis Navellier on 6/18/08 12:05 pm
U.S. stocks had another rough session today after Morgan Stanley announced a substantial decline in profits. The Wall Street powerhouse suffered from challenging credit-market conditions during the quarter.…
White House Sending Energy Secretary to Saudi Arabia on Sunday for Oil Meeting
Posted by Louis Navellier on 6/18/08 10:47 am
This meeting in Saudi Arabia on Sunday is a very positive development. I suspect that crude oil prices will remain high leading up to the meeting, especially since…
Fed’s Beige Book Confirms Inflation
Posted by Louis Navellier on 6/11/08 1:47 pm
The Federal Reserve’s Beige Book noted that “economic activity remained generally weak in late-April and May,” but there was little indication that the economy had deteriorated further. However,…
Wall Street Cheers Shopping and Jobless Claims Results
Posted by Louis Navellier on 6/5/08 10:43 am
U.S. stocks got a big boost today when several retailers announced solid same-store sales results for May. Most of the strength was at the discounter and bulk chains,…
Consumer Confidence Lowest in Nearly 16 Years
Posted by Louis Navellier on 5/27/08 12:40 pm
The Conference Board’s Consumer Confidence Index fell to 57.2 in May from 62.8 in April. The drop was significantly more than expected (60.0), and the index is now…
Fertilizer Prices are Soaring
Posted by Louis Navellier on 5/27/08 11:12 am
This post contains two fertilizer stocks that are top-ten holdings. If you thought food and energy prices were skyrocketing, take a look at what is happening in the…
Oil Prices Will Likely Remain High This Summer
Posted by Louis Navellier on 5/21/08 10:09 am
This post contains energy stocks that are in our top-ten holdings. We are now entering the peak season for worldwide oil demand. As such, you will not likely…
April 2008 Wholesale Inflation Results are Old News
Posted by Louis Navellier on 5/20/08 9:29 am
The April Producer Price Index (PPI) report should be taken with a grain of salt. It showed that wholesale inflation rose just 0.2% last month, half as much…
April Housing Starts Result is Deceiving
Posted by Louis Navellier on 5/16/08 9:57 am
Judging by all the commotion on television this morning about a “rebound” in the housing market, I think it’s safe to say that a lot of people failed…
Stocks Surge on CPI Data
Posted by Louis Navellier on 5/14/08 11:46 am
U.S. stocks rebounded today after a key consumer prices report revealed that inflation was less than expected in April. The Consumer Price Index (CPI) rose 0.2% in April,…
Sell in May and Go Away? I Don’t Think So
Posted by Louis Navellier on 5/8/08 3:49 pm
Yahoo Finance’s Tech Ticker today featured a video interview (watch below) of a gentleman who listed 5 reasons why investors will “sell in May and go away” this…
First-Quarter Productivity Surprises Economists, Lifts Oil Prices
Posted by Louis Navellier on 5/7/08 9:50 am
First-quarter productivity rose at a 2.2% annual rate, well above the 1.5% consensus. And unit labor costs rose less than expected, also up 2.2% (2.6% consensus). As a…
‘Iron Man’ has Blockbuster Weekend
Posted by Louis Navellier on 5/5/08 11:57 am
Marvel Enterprises’ “Iron Man” (Watch Trailer; More) dominated movie theatres over the weekend with a whopping $201 million in worldwide box office sales. As a result, the Movie…
April Employment Report Surprises Market
Posted by Louis Navellier on 5/2/08 10:18 am
April payrolls were down only 20K, much better than the -75K consensus, and the unemployment rate fell to 5.0% from 5.1% (5.2% consensus), according to the Bureau of…
Stocks Surge on Consumer Spending
Posted by Louis Navellier on 5/1/08 10:45 am
Stock prices got a bump from personal income data this morning when they revealed that consumer spending, or personal consumption expenditures (PCE), rose 0.4% in March, double the…
Fed Cuts Rates to 2.0%, $ Strengthens, Commodities Sell Off
Posted by Louis Navellier on 4/30/08 12:09 pm
As widely expected, the Fed lowered the fed funds target rate by a quarter percent to 2.00% today, and indicated the cut could be its last in this…
10K Gain in ADP Employment Report
Posted by Louis Navellier on 4/30/08 11:09 am
The ADP survey indicates that payrolls increased by 10,000 in April, much better than the -60,000 consensus. The ADP report is always a wildcard though...the Bureau of Labor…
Employment Costs Index Rose 0.7%
Posted by Louis Navellier on 4/30/08 10:42 am
The Employment Costs Index rose 0.7% in the three months to March, one tenth less than expected. Bad headline, but good components ... the lack of wage inflation…
First-Quarter GDP Rises 0.6 Percent
Posted by Louis Navellier on 4/30/08 10:21 am
The U.S. economy grew at a 0.6% rate in the first quarter, according to the Bureau of Economic Analysis’ advance estimate. The BEA will release two more estimates…
Weekly Jobless Claims Fell by 33,000
Posted by Louis Navellier on 4/24/08 11:20 am
If you’re looking for good news, jobless claims fell to a two-month low for the week ended April 19. The stock market celebrated this report and the main…
Orders for Durable Goods Drop Again
Posted by Louis Navellier on 4/24/08 11:01 am
Orders for durable goods dropped for the third straight month in March, something that hasn’t occurred since 2001. However, some analysts were encouraged by the fact that core…
Ford Surprises Wall Street with a $100 Million Profit
Posted by Louis Navellier on 4/24/08 10:41 am
Ford shocked (today’s chart) Wall Street this morning with a $100 million first-quarter profit. This is surprising. It is obviously good news and should help the overall stock…
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