SGP – Algo Buy Signal

has switched to Algo Engine buy conditions and has now been added to our ASX 100 model portfolio.

Stockland, has formed a joint venture partnership with JP Morgan Asset Management to acquire a portfolio of industrial properties that they will expand over the next three years. The focus will be the faster growth opportunities within logistics and fulfillment centers.

S&P500 Earnings – Q4 Update

For the 43 companies that have reported Q4 earnings, total earnings are up 7.4% on the same time last year. Revenues are up 3.3%.

At completion total S&P500 earnings are expected to be down -6.4% which would follow the -7% in the Q3.

We expect to see the strongest earnings growth in construction and autos for Q4.

A break below 3,780 in the index will be a negative sign.