George Noorey


George Noorey

12:00am - 5:00am

Business News

It is a quiet week ahead for economic data and policy. With only some data from China. (LPL Research)

We will call fourth quarter earnings season good but not great. Earnings growth for the S&P 500 for the quarter are now tracking to 7.9%. Results have been driven by improvement in the energy sector, which is now tracking toward a 1% year-over-year increase. (LPL Research)

We have had time to dig into Fridays jobs report. It showed the economy is performing well enough to create lots of jobs, but not enough to cause wages to rise. Average hourly earnings-a timely but imperfect proxy for wage inflation-decelerated to a 2.5% year-over-year gain in January from the 2.8% reading in December. (LPL Research)

Hasbro posted sales that were up 11.2% to $1.63 billion, helped by strong demand for its Disney Princess and Frozen dolls. Hasbro said revenue from toys in the girl’s category jumped 52%. Global sales of its gaming products also rose 11%. That pushed profits upward to $192.7 million, or $1.52 per share, in the quarter, from $175.8 million, or $1.39 per share, a year earlier. (Reuters)

With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.

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