August 20, 2009
– Comments (2)
These numbers gotta be manipulated, there is no way the economy improved 300% more than the consensus expected.
Well if this is true stocks to put on radars to buy on dips are:
TDG, NDSN, LANC, and other manufacturing related stocks.
the Philly Fed's Business Outlook showed an end to the contraction in the manufacturing sector... The diffusion index jumped to 4.2 in August from -7.5 in July with 26.7% of firms reporting an increase in general business activity. The future also looks bright as 61% of firms believe general business activity will increase six months from now. New orders also posted a positive reading of 4.2% as 28.8% of firms reported an increase... The labor market remains subdued but the rate of contraction weakened. The number of employees index read -12.9 as only 10.5% of firms reported an increase in employment. Likewise, only 14% of firms showed an increase in the average workweek. However, the future looks slightly stronger as 28.8% of firms believe they will hire more workers in six months.
Another thing to put on your radar is Natural Gas which is now at All time lows this decade. If Manufacturing is picking up like the Philly Fed. number indicates then so too will Natural Gas and its Ticker is UNG