Penn Wealth Publishing

2018.07.15 Penn Wealth Report Vol 6 Issue 02

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15 Jul 2018 Penn Wealth RePoRt volume 6 issue 02 5 Penn Wealth RePoRt Copyright 2018. All Rights Reserved. Charts tell the story. Here are some of our favorites from recent days. For the top business and economics stories of the week, visit Penn...After Hours at www.penneconomics.com. the Week in ChaRts Sales are down because... Trading versus Investing Soybeans new King Crop? Soybeans appear ready to take over the man- tle as America's most planted crop, replacing corn. For farmers, it is a matter of economics: soybean prices have held up (a lot) better than corn and wheat prices. We delve into the details later in this issue. Oftentimes, even if you don't like a compa- ny's long-term prospects, you will be given a nice chance to make some short-term profit. On the 2nd of April, after Tesla was pounded for Elon Musk's solvency joke/tweet, we made the comment that $252 might be a great place to pick some shares up, assum- ing Musk's bold tweet was backed by his information on production numbers due out. Indeed, production was stronger than antic- ipated, and the share price of his company moved up 16% in three trading days. Rising home values and interest rates cer- tainly played a part in April's sluggish existing-home sales number, but the real culprit was the dearth of existing homes available for sale—less than half the amount that were on the market in July of 2007.

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