Wednesday August 3, 2016

// August 3rd, 2016 // Daily News

After seven down days for the Dow, worst may still be ahead

CNBC.com

The Dow Jones industrial average closed lower on Tuesday, logging the seventh straight losing session for the mega-cap index, and two experts say the worst could still be ahead for the Dow.
Erin Gibbs, equity chief investment officer at S&P Global, says the next two quarters may be difficult for the index; the Dow, trading at what Gibbs calls “rich” valuations, does not have as high a level of exposure to higher-growth sectors like consumer discretionary, financials and materials.
Those sectors, said Gibbs, are what she is expecting to drive for the second half of the year.
When looking at the average upside from the target price to the current prices, “we are only looking at a 6 percent increase over the next year, and that’s pretty dismal,” said Gibbs on Tuesday on CNBC’s “Trading Nation.”
Though Gibbs sees second-quarter earnings as having enjoyed a “massive” increase in analysts’ expectations, she is more positive about where the S&P 500 is headed as compared to the Dow.
Gina Sanchez, chairwoman and CEO of Chantico Global, says many investors are “focused on the fact that we are seeing a reacceleration in GDP,” which is largely pinned to expectations around earnings.
“We’ve seen some downward revisions and we’ve seen negative forward guidance, but on the whole, we finally see sales coming up out of negative territory,” Sanchez said Tuesday on CNBC’s “Trading Nation.”
“Now the question is, can we meet the expectation already baked into the valuation? And that is where I think the challenge is,” she said.
Sanchez also added that political uncertainty, coming up on the presidential election, could add to market uncertainty.

Today’s Inspiration

God’s Construction Crew

by Joyce Meyer – posted August 03, 2016

We know that we have passed over out of death into Life by the fact that we love the brethren (our fellow Christians). He who does not love abides (remains, is held and kept continually) in [spiritual death]…
– 1 John 3:14

Life in this verse is the life of God, or “life as God has it.” I don’t want to be one of what I call “the walking dead”—someone who lives and breathes, but never truly lives as God desires. Loving others is the only way to keep the God kind of life flowing through you. It has been given to us as a gift; it’s in us, but we need to release it to others through words and actions. Left dormant, it will stagnate like a pool of water with no outlet.

Are you a part of God’s construction crew, or part of Satan’s destruc¬tion crew? Do you build people up with your words and action, or tear them down? Do you strengthen or weaken them? If you ask these ques¬tions and get the wrong answers, it is easy to fix. Just simply begin today by making a plan to be a blessing to others. Use your words, facial expressions, and voice tones to lift up others. Smile at people; it will be a sign of approval to them. Live to put smiles on others’ faces, and you will always have a smile on yours.

Love Others Today: Look for the needs around you and let God use you to meet those needs. Make sure you’re part of God’s construction crew!

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