DIN Newsletter for December 12, 2016

Stock Of The Day: Buy or Sell?

Cintas (CTAS) is a Buy

Chart for CTAS

Risk levels may be considerably lower than normal.


CHARTS OF THE DAY

Oritani Financial Corp. [ORIT]

Chart for ORIT

ORIT share price is $18.25, which is 4% above its 21-day moving average of $17.60.

ORIT share price is $18.25, which is 11% above its 50-day moving average of $16.47.

ORIT share price is $18.25, which is 11% above its 200-day moving average of $16.46.


Main Street Capital Corporation [MAIN]

Chart for MAIN

MAIN share price is $36.56, which is 1% above its 21-day moving average of $36.27.

MAIN share price is $36.56, which is 5% above its 50-day moving average of $34.86.

MAIN share price is $36.56, which is 13% above its 200-day moving average of $32.48.


iShares U.S. Real Estate ETF [IYR]

Chart for IYR

IYR share price is $77.32, which is 3% above its 21-day moving average of $74.78.

IYR share price is $77.32, which is 2% above its 50-day moving average of $75.92.

IYR share price is $77.32, which is 2% below its 200-day moving average of $78.75.



Economic Indicators

Total Market Cap / GDP

Chart for Total Market Cap / GDP

The ratio of the Total Market Capitalization (Wilshire 5000) to United States GDP is 1.2634. This is 44.4% above the historic median figure of 0.87.

The higher the Market Cap/GDP figure is relative to its median level, the higher the perceived risk in the market. Markets can remain overvalued for extended time periods.


S&P Earnings Growth

Chart for S&P Earnings Growth

The S&P Earnings Growth is -8.42. This is 176.7% below the historic median figure of 10.98.

When the S&P Earnings Growth trends lower, the stock market is perceived to have higher risk.


Sentiment

VIX

Chart for VIX

The VIX figure is 11.75. This is 33.3% below the historic median figure of 17.62.

The CBOE Volatility Index® (VIX®) is a key measure of market expectations of near-term volatility conveyed by S&P 500 stock index option prices. Historically, VIX levels above 50 correlate closely with periods of stock market panic while VIX levels below 20 are more typical during relatively calm periods in the market.

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