Market Commentary and Intraday News
News Summary: US wholesale stockpiles rise
690 days agoMy #1 Trade For 2015
This sector has been heating up lately and now it looks ready to explode higher. The last time these signals flashed across my screen, this stock returned 700% for well positioned investors. Get the name of this stock before the opportunity passes you by.
Download this report right now
By The Associated Press
STOCKING UP: U.S. wholesalers boosted their stockpiles by 1.2 percent in January, the largest amount in 13 months even though their sales dropped 0.8 percent.
LUMBER JACK: The rise in stockpiles was led by a 3.4 percent gain in lumber inventories, a sign that building supply stores are expecting increased home construction. Stockpiles of furniture rose 0.9 percent in January. But farm inventories slipped 1.5 percent.
THE TAKEAWAY: Increased stockpiling supports economic growth by triggering greater factory production. Many economists believe improved inventory building will help lift economic growth to a faster pace of around 2 percent in the January-March period.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.