Those new worries for the fed on the labor front. September nonfarm payrolls weaker, rising by 142,000 in august. Revised sharply lower to show 136,000 added. The rates stay steady at 5. 1. Average Hourly Earnings come in flat, but we were looking for something in the 0. 2 0. 3 range. Maybe the most biggest disappointment of the year so far. Coupled with the august revision lower. The 2015 average goes to 198,000 jobs created per month. Thats a sharp slowdown. Last year we were averaging 260,000 jobs. Its more than that. If you take the three month average, youre down 267. Which begs the question, whether we like it or not, where are we in the Business Cycle . Regardless of what fed is doing. The whole discussion as to whether rates this low and the fed Balance Sheet this big are able to stimulate the labor market like they think it does. Clearly there are diminishing returns here. The Market Reaction has not been good. Dow futures down 161 points. The treasury note yield slipped below
Point72 Asset Management L.P. grew its stake in shares of Performance Food Group (NYSE:PFGC – Free Report) by 414.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,198,282 shares of the food distribution company’s stock after acquiring an additional 1,770,683 shares during the period. Point72 Asset Management […]
Capital World Investors lifted its position in Performance Food Group (NYSE:PFGC – Free Report) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,426,852 shares of the food distribution company’s stock after acquiring an additional 78,481 shares […]
Capital World Investors lifted its stake in shares of Performance Food Group (NYSE:PFGC – Free Report) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,426,852 shares of the food distribution company’s stock after acquiring an additional 78,481 shares during the quarter. Capital […]
Performance Food Group (NYSE:PFGC – Get Free Report) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Monday. A number of other research analysts have also recently issued reports on PFGC. BMO Capital Markets lifted their price target on shares of Performance Food Group from […]