Daily Data Flow: Stocks up as Reports Beat Estimates; Sequester Layoffs Could Draw Litigation; Euro Continues Fall after Italy Election

Daily Data Flow

Stocks up as Reports Beat Estimates (Bloomberg)
Following the largest drop in benchmark indices in three months, U.S. stocks rose today, thanks to estimate-beating housing and consumer confidence data. “The economic numbers have been holding up really well,” said Brad Sorensen, director of market and sector analysis at San Francisco-based Charles Schwab Corp. “The home data show that the housing market is rebounding and should continue to contribute to growth. It helps to feed into consumer confidence as well. They’re related. In a time when we see more uncertainty rising, decent economic data helps to calm things down a little bit.”

Sequester Layoffs Could Draw Litigation (CNBC)
If Friday’s sequester comes to pass, the government will look to make a portion of its required spending reductions by laying off contractors. “Given the scope of program cutbacks, the risk of litigation is high,” Connie Bertram, a labor and employment lawyer at Proskauer, said. “Contractor employees often work in highly specialized fields, so if entire programs are eliminated or substantially reduced, it will be difficult for former employees to find comparable employment. This is a recipe for workers to sue the firm.”

Euro Continues Fall after Italy Election (Reuters)
In the aftermath of Italy’s messy election, the euro has continued its decline against both the U.S. dollar and the Japanese yen. Fears of a politically deadlocked Italian parliament led investors to worry that Italy’s economic reforms could stagnate and that the euro zone debt could become an issue again. As a result, investors sought shelter in the aforementioned non-euro currencies.

Exclusive  Chris Versace is Featured on the Front Page of Forbes.com

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE


img
previous article

As Ernest Hemingway famously wrote in The Snows of Kilimanjaro: "The rich are different from you and me. They have more money." As it turns out, the rich also invest differently as well. The Financial Times recently reported that property consultancy Knight Frank is set to publish a study on what "High Net Worth Individuals" -- that is, individuals with more than $30 million in net assets -- like to invest in. Here's a hint... They aren't worried about whether Apple

PREMIUM SERVICES FOR INVESTORS

Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

LEARN MORE HERE

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

LEARN MORE HERE

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

LEARN MORE HERE

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

LEARN MORE HERE

Mike Turner

Mike Turner’s financial, mathematical, computer science and engineering background serves as the foundation for his disciplined, rules-based approach to trading. Mike’s three services include:

Product Details

LEARN MORE HERE

Hilary Kramer

Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers:

Product Details

LEARN MORE HERE

DividendInvestor.com

Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

LEARN MORE HERE