Our PureVest Weekly Roundup took a look at the state of the U.S. consumer. Retail Sales were the strongest in 10 months; Walmart, Lowes, and Home Depot had solid earnings reports, while Target disappointed investors. Home Sales struggled as mortgage rates continued to price buyers out of the market. At their investor day, General Motors had a lot of positive things to say about the future of the E.V. market; they expect electric vehicle sales to be profitable much sooner than initially expected. We also looked at Warren Buffet’s favorite metric of stock valuations and why it suggests that stocks are currently fairly valued. We wrapped it up with 60 Thanksgiving recipes and some turkey cooking DOS and DONT’S. Enjoy the light reading, and have a great weekend!
Markets & Economy:
U.S. retail sales rise solidly; fourth-quarter GDP estimates raised
source:www.reuters.com
Walmart and Target’s quarterly results lay bare the retailers’ stark differences
source:www.cnbc.com
Home sales fell for the ninth straight month in October, as higher mortgage rates scared off potential buyers
source:www.cnbc.com
GM expects EV profits to be comparable to gas vehicles by 2025, years ahead of schedule
source:www.cnbc.com
Lowe’s, Home Depot Beat Earnings Amid Housing Slump
source: www.investors.com
Education:
The Buffet Indicator suggests that the U.S. stock market is Fairly Valued
source: www.currentmarketvaluation.com
Just For Fun:
source: www.allrecipes.com
10 Mistakes You’re Probably Making When Cooking a Turkey
source: www.tasteofhome.com