Planters Bank donates over $1,800 to Rossview Schools
Clarksville, TN – Planters Bank Vice President Stacey Wenzler presented a check to Rossview Elementary School Principal Paula Ford Thursday, May 17th, 2012. The bank donated more than $1,800 to Rossview Elementary School, Rossview Middle School, and Rossview High school during the school year.
The donation was based on the number of accounts opened at the bank’s Rossview Branch, which opened last August at 495 Dunlop Lane.
Planters Bank Vice President Stacey Wenzler (left) and Rossview Elementary School Principal Paula Ford.
Restore Performance Massage offers Therapeutic Massage in Clarksville
Offers Sports Massage and other Therapeutic Services
Clarksville, TN – A veteran triathlete who is now a licensed massage therapist will lead a new massage therapy practice dedicated to sports massage treatment, therapeutic, Swedish and deep tissue massage.
Restore Performance Massage, also called RPM Massage, is located inside the Clarksville Chiropractic Center building on Madison Street next to Chick-Fil-A. The new business opened Monday, May 7th.
Russ Shemberger, whose athletic background is in the sport of swimming and triathlon, is the practice’s newly licensed massage therapist.
Russ Shemberger, a licensed massage therapist with Restore Performance Massage.
Harris One Hour Heating and Air Conditioning gets Green Certified
Clarksville, TN – Harris One Hour Heating and Air Conditioning owners Mike and Suzanne Harris announced that their business has received it’s Green Certification from Montgomery County Mayor Carolyn Bowers, leading their industry in Clarksville Tennessee with efforts to protect their environment.
Known for their “Always on time or you don’t pay a dime”. tagline, Harris One Hour Heating and Air Conditioning offers heating and air conditioning maintenance, installation and other services. Megan Vargas, daughter of owners Mike and Suzanne Harris, attended the CMC Green Certification Workshops and took the lead in the green initiatives.
Harris One Hour Heating and Air Conditioning Green Ribbon Cutting Ceremony.
Agero to open call center in Clarksville-Montgomery County Tennessee bringing with it 500 new Jobs
Operations to Begin October 29th
Clarksville, TN – The Medford, Massachusetts based company, Agero, a global leader in driver assistance services and vehicle connectivity innovation, announced today that they have selected Clarksville, Tennessee as the next site for its sixth North American driver assistance call and data response center.
“I am excited to welcome Agero to our state and look forward to watching the company grow in Tennessee,” Tennessee Governor Bill Haslam said. “In creating our economic development strategies last year, we found Tennessee held a unique advantage in the ‘business services’ cluster, which includes call centers, and this announcement exemplifies a promising future for our state’s economic growth.” [Read more]
The Weekly Market Snapshot from Frazier Allen for the week of May 13th, 2012
Market Commentary by Scott J. Brown, Ph.D., Chief Economist
Scott J. Brown Ph.D., Chief Economist Raymond James Investment Services
Europe, again. Election results in France and Greece were not a surprise, but they added to concerns about the European crisis. The important aspect, for U.S. investors, is the uncertainty. Nobody knows exactly what will happen in Europe, but few doubt that the situation will be resolved anytime soon.
The second bailout agreement for Greece was only a few months ago, but at the time many felt that Greece would never be able to live up to the requirements.
Elsewhere in Europe, there has been some backsliding on austerity. Tighter budgets have weakened the troubled economies in Europe and have done nothing to resolve financial difficulties. Austerity is needed in the long term, but what’s needed in the short term is economic growth.
The economic calendar was thin. The trade deficit widened more than most analysts expected, but figures were only slightly wider than what was assumed in the advance GDP report.
Jobless claims appear to have settled down (at nearly the same pace as in March) after seasonal adjustment quirks lifted the figures in the first three weeks of April. Consumer sentiment improved in the mid-May assessment.
Next week, Europe is expected to be an ongoing concern for U.S. investors, but the arrival of mid-month economic data will provide a distraction. The focus is likely to be on the retail sales and residential construction reports. April’s retail sales are likely to have been moderate. April building permits and housing starts are expected to reflect an unwinding of the multi-family noise from March (single-family construction appears to have turned the corner, but a full recovery in housing is years away). The FOMC policy meeting minutes could include some market-moving quotes.
Indices
| Last | Last Week | YTD return % | |
| DJIA | 12855.04 | 13206.59 | 5.22% |
| NASDAQ | 2933.64 | 3024.30 | 12.61% |
| S&P 500 | 1357.99 | 1391.57 | 7.98% |
| MSCI EAFE | 1446.19 | 1503.67 | 2.38% |
| Russell 2000 | 791.75 | 806.59 | 6.86% |
Consumer Money Rates
| Last | 1-year ago | |
| Prime Rate | 3.25 | 3.25 |
| Fed Funds | 0.16 | 0.08 |
| 30-year mortgage | 3.78 | 4.59 |
Currencies
| Last | 1-year ago | |
| Dollars per British Pound | 1.616 | 1.633 |
| Dollars per Euro | 1.296 | 1.436 |
| Japanese Yen per Dollar | 79.960 | 80.720 |
| Canadian Dollars per Dollar | 1.000 | 0.961 |
| Mexican Peso per Dollar | 13.446 | 11.593 |
[470center]
Commodities
| Last | 1-year ago | |
| Crude Oil | 97.08 | 103.88 |
| Gold | 1596.25 | 1516.05 |
Bond Rates
| Last | 1-month ago | |
| 2-year treasury | 0.26 | 0.27 |
| 10-year treasury | 1.85 | 1.99 |
| 10-year municipal (TEY) | 1.76 | 1.97 |
Treasury Yield Curve – 5/11/2012
[320center]
S&P Sector Performance (YTD) – 5/11/2012
Economic Calendar
| May 15th |
— |
Consumer Price Index (April) Retail Sales (April) Empire State Manufacturing Index (May) Business Inventories (March) Homebuilder Sentiment (May) |
| May 16th |
— |
Building Permits, Housing Starts (April) Industrial Production (April) FOMC Minutes (April 24-25) |
| May 17th |
— |
Jobless Claims (week ending May 12th) Philadelphia Fed Index (May) Leading Economic Indicators (April) |
| May 22nd |
— |
Existing Home Sales (April) |
| May 23rd |
— |
New Home Sales (April) |
| May 24th |
— |
Durable Goods Orders (April) |
| May 28th |
— |
Memorial Day Holiday (markets closed) |
| June 1st |
— |
Employment Report (May) |
| June 20th |
— |
FOMC Policy Decision Bernanke Press Briefing |
Important Disclosures
[320left]Past performance is not a guarantee of future results. There are special risks involved with global investing related to market and currency fluctuations, economic and political instability, and different financial accounting standards. The above material has been obtained from sources considered reliable, but we do not guarantee that it is accurate or complete. There is no assurance that any trends mentioned will continue in the future. While interest on municipal bonds is generally exempt from federal income tax, it may be subject to the federal alternative minimum tax, state or local taxes. In addition, certain municipal bonds (such as Build America Bonds) are issued without a federal tax exemption, which subjects the related interest income to federal income tax. Investing involves risk and investors may incur a profit or a loss.
US government bonds and treasury bills are guaranteed by the US government and, if held to maturity, offer a fixed rate of return and guaranteed principal value. US government bonds are issued and guaranteed as to the timely payment of principal and interest by the federal government. Treasury bills are certificates reflecting short-term (less than one year) obligations of the US government.
Commodities trading is generally considered speculative because of the significant potential for investment loss. Markets for commodities are likely to be volatile and there may be sharp price fluctuations even during periods when prices overall are rising. Specific sector investing can be subject to different and greater risks than more diversified investments.
Tax Equiv Muni yields (TEY) assume a 35% tax rate on triple-A rated, tax-exempt insured revenue bonds.
Material prepared by Raymond James for use by its financial advisors.
The information contained herein has been obtained from sources considered reliable, but we do not guarantee that the foregoing material is accurate or complete. Data source: Bloomberg, as of close of business April 26th, 2012.
©2012 Raymond James Financial Services, Inc. member FINRA / SIPC.
Frazier Allen achieves recognition as Raymond James Financial Services 2012 Rising Star
Clarksville, TN – Frazier Allen, Financial Advisor, located at F&M Bank, 50 Franklin Street, was recently named a “Rising Star” in recognition of his personal accomplishments in 2011.
Reserved for those who have been with the firm for at least two full fiscal-year periods, this award recognizes advisors who have achieved exceptional growth in personal production. [Read more]
Cumberland Bank and Trust announces promotion
Clarksville, TN – Cumberland Bank and Trust is proud to announce and welcome Geoff Livingston as VP/Commercial Lending Officer.
Geoff has over 12 years of banking experience, and specializes in all aspects of commercial lending, including commercial mortgages, equipment and construction loans as well as revolving lines of credit.
Geoff Livingston
Cumberland Bank and Trust announces promotions
Clarksville, TN – Cumberland Bank & Trust has announced some promotions within it’s bank. Crystal Dennis and Brian Grasty have been promoted to new positions, as announced by Ron Sleigh, President of Cumberland Bank & Trust.
Crystal Dennis works at the main office on Madison Street. Brian Grasty out of the Dover Road branch.
Tennessee Crossroads to feature Clarksville Foundry May 10th
Clarksville, TN – Clarksville Foundry, one of Clarksville’s oldest businesses and one of the oldest operating foundries in the United States, will be featured on Nashville Public Television’s “Tennessee Crossroads” program.
The program will air on WNPT Channel 8 on Thursday, May 10th at 7:00pm and Sunday, May 13th at 10:00am.
Charlie Foust, president of Clarksville Foundry, will appear on a segment of Tennessee Crossroads airing on May 10th at 7:00pm and May 13th at 10:00am on WNPT Channel 8.
The Weekly Market Snapshot from Frazier Allen for the week of April 29th, 2012
Market Commentary by Scott J. Brown, Ph.D., Chief Economist
Scott J. Brown Ph.D., Chief Economist Raymond James Investment Services
As expected, the Federal Open Market Committee left short-term interest rates unchanged and refrained from additional asset purchases. The Fed still expects that “economic conditions – including low rates of resource utilization and a subdued outlook for inflation over the medium run – are likely to warrant exceptionally low levels for the federal funds rate at least through late 2014.”However, officials were still divided on when they thought it would be appropriate to start tightening. Officials revised higher their projections for 2012 GDP growth, but slightly lower their growth expectations for 2013 and 2014.
Real GDP rose at a 2.2% annual rate in the advance estimate for 1Q12, below the +2.5% median forecast. The details were a mixed bag. Consumer spending rose at a 2.9% annual rate, led by a sharp increase in motor vehicles. Business fixed investment fell at a 2.1% pace (structures down 12.0%, equipment and software up 1.7%). [Read more]
