Thursday, September 12, 2019

Jobless Claims: Huge Decline -- Well Below Forecasts -- September 12, 2019

Jobless claims, link here:
  • prior: 217K
  • prior revised: 219K
  • forecast: 215K
  • actual: 204K
Comment: I no longer track the "unemployment" data, as such, but it is interesting to periodically compare these numbers with the numbers we saw back in 2012 and going forward a couple of years. Unemployment claims then were running upwards of 400,000 vs the 200,000 now.

Market:
  • Dow futures: up slightly; about 70 points on the upside
  • AAPL: up about half a percent; pre-market trading at $225; 52-week high: $233; one-year target: $224
  • T: down a bit, pre-market
  • D: up a bit
  • F: down about 3/4ths of a percent
  • BA: up almost 4% yesterday; holding those gains today
  • TSLA: surged yesterday by 5%; holding those gains today
TSLA: "Model S -- fastest four-door sedan ever"; shares pop 5%. From MarketWatch:
.... share price "hovered at their best in seven weeks and extended their gains to a third straight session. The stock is up more than 8% in September, a contrast with losses of nearly 7% in August. Chief Executive Elon Musk late Tuesday tweeted the Model S, Tesla's luxury sedan, had just set a record for the fastest four-door sedan "ever," promising a video of the alleged feat later today [September 11, 2019]. Tesla shares have lost 26% this year, in contrast with gains of more than 19% for the S&P 500 index."
Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.

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