In a research note published on October 15, the analysts mention that essential information on the state of the customer, manufacturing, housing and inflation will be provided by data docket of the present week. In addition to this, an augmentation in both the headline (estimate of +0.5 percent in opposition to +0.9 percent earlier) and ex auto (+0.4 percent in opposition to +0.8 percent) is supposed to be demonstrated by retail sales of the September month via which, morning of October 15 was started.
The headline should be buoyed by strong sales of vehicle in September i.e. 14.9 million. As a matter of fact, after March 2008 (15.1 million), sales of vehicle were the maximum. On the other hand, as compared to strong expansion in the months of July and August (+8.5 percent and +7.2 percent, respectively), the chain store sales tracking indicator demonstrated just moderate gains in the last month (+4.0 percent year-on-year).
For this reason, to the estimate for ex-auto and ex-gas sales, there may possibly be moderate downside risk. Furthermore, pointing that increasing prices of gas and economic uncertainty may have weighed on retail sales in the month, the weakness would confirm Beige Book anecdotes of past week.
Moreover, headline CPI should be improved (+0.4 percent in opposition to +0.6 percent) on October 16 by the unusual spike in costs of gas in regard to the previous one. Nevertheless, an additional reasonable gain in core prices (+0.1 percent against +0.1 percent) is foreseen, the analysts add further.
In a...Stocks Mount on Chairman Ben’s remarks - February 28, 2013
New York, February 28 (FinanceEnquiry.com) – Seeing that Federal Reserve Chairman Ben Bernanke stayed unwavering in supporting the stimulus policy of Fed and data signaled to economic development, stocks...Deutsche Bank Securities Reiterates BUY Rating on American International Group (NYSE: AIG), Target Price Raised - February 27, 2013
New York, February 27 (FinanceEnquiry.com) – Analyst Joshua Shanker at Deutsche Bank Securities reiterates BUY rating on the shares of American International Group, Inc (NYSE: AIG). The 12-month target price has...Deutsche Bank Securities Reiterates BUY Rating on Portland General Electric Company (NYSE: POR) - February 26, 2013
In a...Deutsche Bank Securities Reiterates BUY Rating on TripAdvisor (NASDAQ: TRIP) - December 25, 2012
New York, December 24 (FinanceEnquiry.com) – Analysts at JP Morgan reiterate their OVERWEIGHT rating on the shares of The Carlyle Group (NASDAQ: CG). The 12-month target price has been raised to some...Taglich Brothers Reiterates SPECULATIVE BUY Rating on Sonic Foundry (NASDAQ: SOFO), Target Price Reduced - December 24, 2012
New York, December 24 (FinanceEnquiry.com) – Analysts at Taglich Brothers reiterate their SPECULATIVE BUY rating on the shares of Sonic Foundry (NASDAQ: SOFO). The 12-month target price has been reduced...Deutsche Bank Securities Reports on Retailing/Hardlines – Hardline Headlines - December 20, 2012
In a research note published on December 17, the analysts mention that...