NEW YORK (TheStreet) -- Barack Obama may be overhyping his successes on manufacturing data.
The Institute for Supply Management manufacturing survey, which surveys more than 300 manufacturing firms for employment, inventories, production and other factors, for April came in at 54.8, much higher than the consensus 53 expectation according to economists polled by Thomson Reuters. But some are skeptical of long-term strength.
"The accelerated depreciation on new equipment expires at the end of this year. So, then at that point the incentive to kind of move your new purchases up, or things that you've been postponing and putting it into this year expires, and the big tax incentives
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV