The US markets ended sharply higher on Monday as traders looked to pick up stocks at somewhat reduced levels following the steep drop seen last week, which dragged the Nasdaq down to its lowest levels in nearly a month. Optimism the Federal Reserve will lower interest rates later this month has also contributed to the strength on markets despite lingering concerns about the outlook for the U.S. economy. Meanwhile, traders continued to look ahead to the release of closely watched reports on consumer and producer price inflation later this week.
The reports are expected to show a slowdown by the annual rate of consumer price growth but an acceleration by the annual rate of producer price growth. on the sectoral front, airline stocks saw substantial strength on the day, with the NYSE Arca Airline Index soaring by 2.3 percent to its best closing level in over a month. JetBlue (JBLU) helped lead the sector higher, spiking by 7.2 percent after Bank of America upgraded its rating on the airline's stock to Neutral from Underperform. Networking, banking and computer hardware stocks also saw notable strength on the day, moving higher along with most of the other major sectors.
Dow Jones Industrial Average surged 484.18 points or 1.2 percent to 40,829.59, Nasdaq rose 193.77 points or 1.16 percent to 16,884.6 and S&P 500 was down by 62.63 points or 1.16 percent to 5,471.05.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Claim your FREE 15-day access to the most practical investing handbook.
Hurry, limited to the first 10 users today!
FREE Become a savvy and confident
stock investor.
Hurry, limited to the first 10 users today!
Download APP
