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CFA

CFA: Acronym for Chartered Financial Analyst. An individual who has passed tests in economics, accounting, security analysis and money management, administered by the Institute of Chartered Financial Analysts of the Association for Investment Management and Research. CFAs are also expected to have at least three years of investments-related experience and meet certain standards of professional conduct. CFAs have an extensive economic and investing background and are competent at a high level of analysis. Individuals or corporations utilize their services as security analysts, portfolio managers or investment advisors.

Source: InvestorWords.com, CFA Institute

The Cloud

The Cloud: A model for delivering information technology services in which resources are retrieved from the internet through web-based tools and applications, rather than a direct connection to a server. These services are offered from data centers all over the world, which are collectively referred to as the “cloud.”

Sources: Investopedia, Tech Terms.com, TechnoBuffalo.com

Commerce Department

Commerce Department: The department was originally created as the United States Department of Commerce and Labor in 1903 and was renamed the Department of Commerce in 1913 when its bureaus and agencies specializing in labor were transferred to the new Department of Labor. Its mission today is to “promote job creation and improved living standards for all Americans by creating an infrastructure that promotes economic growth, technological competitiveness and sustainable development.” The department is tasked with gathering economic and demographic data for business and government decision-making, issuing patents and trademarks and helping set industrial standards.

Sources: Investopedia, Wikipedia

Consumer Discretionary Sector

Consumer Discretionary Sector: One of 10 economic sectors that comprises the S&P 500 Index and serves as a gauge for the general health and performance of the underlying industries. The consumer discretionary sector includes the following industries: advertising, autos and auto parts, broadcasting and cable, general merchandise, hotels, movies and entertainment, publishing and printers, restaurants and retail.

Sources: Ferguson Wellman Glossary of Investment Terms, Investopedia

Consumer Price Index (CPI)

Consumer Price Index (CPI): measures prices of a fixed basket of goods bought by a typical consumer. It is widely used as a cost-of-living benchmark to adjust Social Security payments and other payment schedules, and to measure and gauge inflation. Economists also look at the CPI excluding volatile food and energy components that they call the “core” CPI.

Source: Ferguson Wellman Glossary of Investment Terms

Cyclical Sector

Cyclical Sector: A sector that is sensitive to economic fluctuations and tends to exhibit more radical swings, correlated with the overall business cycle, such that revenues are generally higher in periods of economic prosperity and expansion, lower in periods of economic downturn and contraction. There are nine sectors considered cyclical: basic materials, capital goods, communications, consumer cyclical, energy, financial, health care, technology and transportation.

Sources: Investopedia, About.com, Mindxpansion