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Good morning!
The all-important jobs report hits this Friday, with November numbers a crucial component of the Fed's decision about a final rate cut for the year. Here's what's happening...
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Have cash or cash equivalents earning nothing or next-to nothing? It's a great time to invest in U.S. Treasury Bills, a short-term investment with little risk and easy liquidity. We'll post current rates of return here each Tuesday. Want to put your money to work? Call me today! | | |
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Earnings reports are on the light side this week. This morning, numbers are due from Salesforce, Marvell Technologies, and Box, followed Wednesday by Hormel, Dollar Tree, Chewy, and The Campbell's Company. On Thursday, expect earnings from Kroger, lululemon, Ulta Beauty, and Hewlett Packard Enterprises, followed Friday by a quiet Friday. *
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Job openings surged unexpectedly in October, prompting investors to analyze the labor market’s deceleration and speculate on the Federal Reserve’s potential interest rate cuts next year. According to new data from the Bureau of Labor Statistics released this morning, there were 7.74 million job openings at the end of October, up from 7.37 million in September. September’s openings had been the lowest since January 2021. The November jobs report, set to be released on Friday morning, is anticipated to show a significant rebound from October’s disappointing figures, which were largely attributed to hurricanes and worker strikes. Economists predict the report will reveal that the U.S. labor market added 220,000 jobs in November, a substantial increase from the 12,000 jobs added in October. The unemployment rate is expected to remain steady at 4.1%. **
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Amazon.com Inc. announced on Tuesday that its Black Friday week and Cyber Monday sales events were the largest Thanksgiving holiday shopping events in its history, achieving record sales and a record number of items sold. The company highlighted that customers purchased millions of Echo and Fire TV devices, with the latest Echo Dot and Fire TV Stick 4K being among the top sellers. In the U.S., the most popular product categories included electronics, toys, and beauty. ***
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Primary Advisors diligently keeps up with anything that can impact your finances with more than 175 years of combined investment experience. We're doing our all to keep your money protected and growing. If you have a friend or family member you think might benefit from our financial oversight, do them a favor and send them our way. Until next week... | |
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Martin Lombrano
Primary Advisors
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Investment Advisory Services offered through Miramontes Capital, LLC. dba Primary Advisors. This newsletter is solely for informational purposes. Advisory services are only offered to clients or prospective clients where Miramontes Capital, LLC and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Miramontes Capital, LLC unless a client service agreement is in place. | | | | |
