Market Leading Housing Sector Has Important News This Week
Will housing stocks continue their epic run? The next few sessions may answer that question.
Statisticians at the Commerce Department release the industry's most important numbers at 8:30 a.m. ET today: housing starts and building...
Housing Shows Strength, Even With More Bad Economic News Today
More bad economic news is expected today, but the real story could a rebound in the housing market.
Mortgage data for the last four weeks have shown strong demand for home buying. Refinancing normally dominates...
The Economy Is Showing Signs of a Rebound, With More Help From the Fed
The economy is showing more signs of recovery, even as coronavirus cases rise in parts of the U.S.
The New York Federal Reserve reported yesterday that its Empire State Manufacturing Survey was -0.2. That was...
Stocks Are Drifting as Uncertainty Increases
Stocks advanced last week, but uncertainties about the coronavirus pandemic and stimulus are increasing.
The S&P 500 was up as much as 2.1 percent last Monday, only to stall and end the week with a...
Market Pulse: Strongest Housing Numbers Since the Last Boom
Housing is running at its strongest levels since the summer of 2006, according to numbers today. Here's today's report from the Commerce Department:
December housing starts totaled 1.669 million (annualized). That beat the 1.56 million...
American Tower: Old Resistance, New Support at Key Line?
American Tower is the largest owner of wireless towers, and the largest member of the real-estate sector.
It’s been in a long-term uptrend thanks to the spread of wireless communications, having doubled between early 2017...
Traders Think Mega Bank Is Boxed In: Options Recap
The country's No. 2 lender was met with shrugs after raising its dividend last week, and now traders are looking for the stock to remain under pressure.
Check out this giant transaction in Bank of...
Options Recap: Can a Megabank Keep Running?
Bank of America (BAC) had a monster rally this week, and options traders are looking for the lender to keep running higher.
Here's a breakdown of a big transaction detected late yesterday morning in BAC:
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Another Financial Jumps as Earnings Improve
A forgotten financial stock exploded higher yesterday, the latest positive surprise in the sector.
Synchrony Financial (SYF) surged 11 percent to its highest level in almost three months. It was the sharpest rally in the...
Financial ETF Soaring as Sentiment Quickly Turns Positive
Financial stocks are on the move as changing sentiment draws money back to a forgotten corner of the market.
The SPDR Financial ETF (XLF) closed at a six-month high yesterday, and has risen 3.5 percent...
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