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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Jun 23, 2015
Page
11
The Commerce Department reports May durable goods orders show a slight April dip after March surge, with investment-related orders rising for a second month. Meanwhile new home sales accelerate this year, up 23.7 percent year over year. April at a 517,000 annual pace after 484,000 in March.
A market note shows Light Sweet Crude trading near 56,39 per barrel with yesterday's sales at 593,099 and open interest at 1,616,903. The page cites a brief price tick and trading activity.
Investors eye abroad for better returns after three years of double digit US advances. In 2015 the S&P 500 rose 3.1 percent and the Dow 1.7, while Europe and Japan see ongoing stimulus and weaker currencies boosting their markets. MSCI Japan up 12.5 percent, MSCI Europe up 4.9 percent. Russia rebounds but remains 29 percent below a year earlier.
Keith Kinsey, president since 2012 and COO since 2007, will leave Noodles & Co. effective July 1 to become CEO of another casual dining firm. His duties will be reassigned within the management team. Crain's Chicago Business links him to Portillo's Restaurant Group. Noodles trades at $16.00, well below its IPO level.
FundFocus Schwab Small Cap index provides broad exposure to small cap stocks at low cost. Morningstar assigns a neutral rating citing poor tax efficiency as the key concern impacting overall attractiveness.
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