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Core U.S. inflation rate accelerates to normal

Two ways to look at this morning’s U.S. inflation data. First, the Consumer Price Index (CPI) came in above expectations with a 0.4% increase in January. Economists had expected a 0.3% increase, according to Briefing.com. That puts the headline inflation rate at an...

Update Cummins (CMI)

I’m starting to see a new pattern in third quarter earnings reports.  Now to see if it continues through the end of earnings season. What’s the potential pattern? Companies that announce great earnings but that still don’t measure up to Wall Street expectations. The...

Update Cummins (CMI)

Right now, for this point in the economic recovery, I’d much, much rather own capital equipment stocks than consumer stocks. As I noted in my post on September 24, report on orders for durable goods, corporate customer are buying capital goods to expand and upgrade...

Buy Gerdau (GGB)

Brazilian steel maker Gerdau (ADR: GGB) is on the march in the U.S. steel market and back home in Brazil. In the United States:  in August, the company acquired the remainder of the shares of its 66% owned U.S. subsidiary Gerdau Ameristeel. That gives Gerdau a wholly...

Is the economy stronger than the numbers say?

There’s good reason to suspect that the early September rally that began on September 1 is going to peter out. From 1049 at the close on August 31, the Standard & Poor’s 500 stock index had climbed 7% by September 13. That’s 7% in just seven trading sessions. It’s...