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Beazer Homes, Hovnania Enterprises Leading The Homebuilding Sector Sharply Higher
Friday, December 9, 2016 - 10:46am | 520Read More...Homebuilding stocks have been on a strong run up in the past month, with the major names in the space recording double-digit gains. Beazer Homes USA, Inc. (NYSE: BZH) are up 45 percent since November 10 and Hovnanian Enterprises, Inc. (NYSE: HOV) has rallied about 49 percent. Meanwhile, luxury...
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Existing Home Sales Rebounded In September
Thursday, October 20, 2016 - 10:45am | 463Read More...The National Association of Realtors reported on Thursday that existing home sales rose in September, marking a reversal from the previous two months, which saw a decline. Total existing home sales for September rose 3.2 percent to a seasonally adjusted annual rate of 5.47 million after reading 5....
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Existing Home Sales Data Shows A 'Strong Appetite' For Homebuying
Thursday, July 21, 2016 - 11:57am | 372Read More...Existing home sales in the U.S. rose in June and received a strong boost from first-time buyers. According to the National Association of Realtors, existing home sales rose 1.1 percent in June to a seasonally adjusted annual rate of 5.57 million. Sales are now higher by 3 percent compared to...
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Housing Data Presents Conflicting Information
Wednesday, February 25, 2015 - 1:16pm | 427Read More...January housing data in the U.S. has been uneven, with reports from the National Association of Realtors showing that existing home sales declined in January but home builders claiming that new home purchases were on the rise. Housing market data so far has been disappointing in comparison to...
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Bank Of America's Top 10 Economic Themes Of The Week
Friday, November 21, 2014 - 2:53pm | 278Read More...As the trading week comes to an end, a group of analysts at Bank of America recapped the top 10 economic themes of the week. FOMC: Inflation on my mind. The October FOMC minutes revealed “more concern” over downside risks to growth an inflation than the actual statement itself...
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Dow, S&P 500 Close At Record Highs In Another Quiet Trading Session
Thursday, November 20, 2014 - 5:52pm | 1021Read More...U.S. stocks brushed off early morning losses and ended the day slightly positive. U.S. economic data showed existing home sales and leading indicators both being higher than expected for October, while U.S. preliminary PMI fell from October's reading as analysts were expecting a rise. On...
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Buckingham Initiates Coverage On Several Homebuilders
Monday, October 20, 2014 - 1:23pm | 354Read More...Traders and investors may want to pay attention to the Homebuilding sector ahead of a busy week for the group going in to the seasonal "hope trade" period where shares of Homebuilder stocks are expected to outperform the broader index. Buckingham's housing analyst Mark Weintraub...
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Treasury Auctions And Fed Speak Give First Hint Of The Post-QE Bond Market
Friday, September 26, 2014 - 11:16am | 629Read More...With this week's note auctions coming on the heels of so many statements by Federal Reserve Board Members, the market is showing investors what the bond landscape will look like once the Fed begins to tighten next year. The results so far suggest that the very short end and the long end of the...
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Bond Market Focuses On Data Releases And Full Calendar Of Fed Speakers
Tuesday, September 23, 2014 - 9:37am | 693Read More...The Federal Reserve statement and Chair Janet Yellen made it clear last week that the timing and pace of eventual Fed rate tightening will be data dependent. All key U.S. data will now have a larger than normal impact on bond market volatility. The market will also pay close attention to...
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Markets Continue To Rally Ahead Of Yellen's Speech At Jackson Hole
Thursday, August 21, 2014 - 5:16pm | 2993Read More...U.S. stocks rose as the S&P 500 toppled to a new all-time high of 1,994.76 while the Dow rose above the 17,000 mark following positive economic reports. Speaking from Jackson Hole, San Francisco's Federal Reserve President John Williams stated that raising the benchmark interest rate...
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Earnings Season Boosts Confidence; S&P Trades At Record Highs
Tuesday, July 22, 2014 - 4:40pm | 2810Read More...U.S. stocks rose as earnings season continues to impress with companies like Comcast, Chipotle Mexican Grill and Verizon reported positive results. The National Association of Realtors reported existing home sales rose better than expected. helping propel stocks higher despite global...
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4 Stocks To Trade In The Wake Of Tuesday's Economic Data
Wednesday, June 25, 2014 - 9:07am | 1366Read More...A number of key economic reports were released on Tuesday, including the Case-Schiller 20-city Index, new home sales, and consumer confidence data. Many of the stocks that moved based on these reports will likely continue to be attractive names to trade throughout the rest of the week. The...
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Bulls Take A Break As Dow's Winning Streak Ends At 7 Days
Monday, June 23, 2014 - 4:40pm | 2213Read More...U.S. stocks were slightly lower as positive housing data proved to be not enough to boost the Dow's winning streak to eight days. The National Association of Realtors reported that previously-owned home sale posted strong growth in May compared to April. U.S. Secretary of State John Kerry...
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3 Stocks To Watch Ahead Of Next Week's Consumer Confidence Report
Friday, May 23, 2014 - 10:02am | 1016Read More...Retail stocks have had an up and down week thus far. Nonetheless at least three are worth watching this week. Stocks in the sector fell sharply on Tuesday in the wake of disappointing results from a string of retailers, including Staples (NASDAQ: SPLS), Urban Outfitters (NASDAQ: URBN), and Dick's...
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Market Wrap For May 22: Markets Barely Positive
Thursday, May 22, 2014 - 4:35pm | 2710Read More...U.S. stocks picked up right where they left off following Wednesday's rally. Investors were given a mixed bag of economic data covering U.S. manufacturing, initial purchasing managers' index in China, existing home sales, Fed activity among others. Investors are likely focusing more on...
