Though trading on Wall Street has been somewhat subdued this week, investors digested a slew of earnings reports and economic data. On the home front, retail sales greatly missed the mark in June, while industrial production and the National Association of Homebuilders’ housing market index beat analyst expectations. In corporate news, beverage giant Coca-Cola (KO) reported weaker-than-expected sales, while Goldman Sachs (GS) posted earnings per share of $3.70, well past the $2.82 estimate. Meanwhile, investors remain cautious ahead of Fed Chairman Ben Bernanke’s semiannual testimony on monetary policy to Congress [see 25 Wild ETF Charts From 1H 2013].
Below, we highlight seven insightful articles circulating around the financial space this week:
- Bullish divergences between U.S. and emerging market stocks (All Star Charts)
- Interest rates are on the rise - where to invest (Horan Capital Advisors)
- Is the S&P 500 near an inflection point ? (Charts etc.)
- Small and mid-cap stocks charging ahead (The Reformed Broker)
- Russia planning floating nuclear power plants (OilPrice.com)
- Is it time to be long the dollar ? (Trader Kingdom)
- A closer look a the U.S and European auto markets (Marc to Market)
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Disclosure: No positions at time of writing.
- Goldman Sachs