The numbers: U.S. new home sales rose 5.8% to a seasonally-adjusted rate of 640,000 in November, from a revised 605,000 in the prior month, the Commerce Department reported Friday. The Read more
Tag: Metal Products
Builder sentiment fell every single month in 2022. Builders say there’s a silver lining.
The numbers: The National Association of Home Builders’ monthly confidence index fell two points to 31 in December, the trade group said on Monday. It’s the 12th month in a Read more
Microsoft to buy stake in London Stock Exchange, which commits to spending billions on cloud services
Microsoft on Monday said it was investing in the London Stock Exchange in a deal that will see the stock exchange use the software giant’s data and cloud infrastructure. Microsoft Read more
This fund beats the S&P 500 by using 75 of its stocks. Here’s how it works.
What worked well during the years-long bull market through 2021 — a focus on growth, regardless of price — has ground to a halt this year. The rebirth of the Read more
These 20 stocks, including Amazon, are up as much as 14% as investors cheer latest inflation data
What a difference a day can make, especially when there’s a surprising economic report that soothes investors’ fears. Stocks that had been among the worst performers of 2022 are rising Read more
These 20 stocks, including Amazon, are up as much as 14% as investors cheer latest inflation data
What a difference a day can make, especially when there’s a surprising economic report that soothes investors’ fears. Stocks that had been among the worst performers of 2022 are rising Read more
U.S. stocks slip as control of Congress remains unsettled
U.S. equity indexes slipped on Wednesday, following a three day rally, after some poor earnings reports and a slide in major technology stocks, while the results of the mid-term elections Read more
Investors are getting good at expecting the worst. Here’s what the smart worriers should be doing now, says this strategist.
Investors are waking up to political uncertainty (again) as Democrats put up a better-than-expected midterm fight, casting doubt on a Republican “wave.” A market-preferred split government remains a solid possibility Read more
U.S. new home sales retreat in September, partially reversing surprising gain in prior month
The numbers: U.S. new home sales fell 10.9% to a seasonally-adjusted annual rate of 603,000 in September, from a revised 677,000 in the prior month, the Commerce Department reported Tuesday. Read more
Raymond James ‘tapping out’ of home-builder stocks as a housing recession is now a given
Raymond James analyst Buck Horne lowered ratings on all of the home-builder stocks he covers, as he believes the recent “relentless” climb in mortgage rates has ensured a housing recession. Read more