This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Wells Fargo Securities: "An Uneven Thaw: Nonfarm Payrolls Surprise To The Upside Amid Growing Fears Of A Slowdown In China"

Wall Street Webcasting presents exclusive video of Rich Gordon, the highly regarded Fixed Income Market Strategist of Wells Fargo Securities (NYSE: WFC). This week, Gordon discusses the current standing of the U.S.’s economy, based on recent data results releases.

The Nonfarm Payrolls report for the month of February came in at 175,000, which exceeded the expectations of the Wells Fargo economic analysts by almost 25,000. This came as somewhat of a relief, being that it broke a long streak of more disappointing results. However, there is no sign of a turn around in China’s mediocre economic data. The decline of exports in China is the lowest that it has been in the last 5 years, and it seems that their goal of reaching a 7 ½% GDP by the end of this year is out of reach, which is considered to be a risk to investors.

A slow down in China’s market has had a profound effect on emerging markets within the last few weeks. For instance, Brazil’s emerging market has already had a shaky initiation into the year, being down almost 10% year to date. Also, key commodities such as copper have already seen significant losses.

On the up side, stocks have held their ground and traded well again last week, with the S&P at another all time high. There is only one area of concern for investors, and that is that the S&P had reached a short-term overbought level, with an RSI of 70.

To hear a more in depth analysis of the current state of the U.S. economy and emerging markets, please tune into Wells Fargo Securities latest video.

Please visit the following link to view the video:

http://www.wsw.com/webcast/wav/

Copyright Business Wire 2010

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,751.39 +121.12 0.69%
S&P 500 2,108.57 +15.32 0.73%
NASDAQ 5,111.7330 +22.5270 0.44%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs