|Bid||0.00 x 900|
|Ask||0.00 x 1300|
|Day's Range||34.32 - 35.00|
|52 Week Range||28.25 - 41.48|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.32|
|Expense Ratio (net)||0.43%|
Sales of previously-owned homes surged back, leaving forecasts in the dust, reaffirming strong demand for housing amid familiar headwinds.
Investors could make a near-term bet on rate sensitive sectors in the basket form as these will continue to trade smoothly if interest rates remain steady.
Now that we're seeing some downside follow-through for the first time since December, I wanted to outline a few more potential short setups on an absolute and relative basis. The S&P Midcap 400 Consumer Discretionary Index is one of the cleanest charts I see out there on an absolute basis, with well-defined risk and reward/risk clearly skewed in favor of the bulls. Since there's no exchange-traded fund (ETF) to trade this, I had to look through some of the individual components to see how we can best express this thesis in the market.
Investors seeking to tap the solid trend in the homebuilder space could look at the three ETFs that make for a more compelling choice rather than a single stock.
The share of new-home sales that were for houses not even started yet reached a one-year high, but one economist who cheered that measurement earlier in the housing cycle now thinks it shows something very different.
The numbers: A measure of pending home-sales jumped 4.6% in January, the National Association of Realtors said Wednesday. What happened: NAR’s pending home-sales index, which tracks home contract signings, registered at a reading of 103.2 in January after it touched a nearly five-year low in December. Big picture: With a broad array of headwinds and tailwinds buffeting the housing market, sales patterns have been choppy.
A Fed that has adopted a less-aggressive stance in lifting borrowing costs has helped to quell a jittery stock market, but arguably few sectors have benefited more from that policy shift than housing shares. Housing shares are poised for their second-best yearly return of the past seven years, according to FactSet data, even as popular home-building exchange-traded funds were sliding on the day after a barrage of weaker housing data.
Uh Oh…Two Nuclear Powers Start Bombing Each Other India and Pakistan have never been close friends ever since the countries were divided into two separate states in August 1947, but now that they both possess nuclear weapons, one would really hope that they keep calm. Unfortunately, Pakistan just downed two Indian aircraft after India bombed […]The post Market Morning: India Pakistan Unease, Goldman $1.9B Down, AT&T Warner Approved, Housing Blues appeared first on Market Exclusive.
Consumer confidence surged in February and rose for the first time in four months, a sign that Americans have regained optimism after the recovery in the U.S. stock market, the end of the government shutdown and diminished worries about recession. The consumer confidence index climbed to 131.4.
Construction on new houses sank 11% in December to a more than two-year low, but builders applied for more permits in a sign that a rebound is near. Housing starts tumbled to an annual rate of 1.08 million in the final month of 2018.
Fortunately for homeowners, the housing market recovered relatively quickly. Bubbles are notoriously hard to recognize in real-time, but there are certainly telltale signals to watch in the housing market. During that same stretch, housing prices nearly doubled that gain, rising 48 percent.
Home improvement companies and homebuilder-related ETFs could find support from homeowners whom are willing to reinvest in their own homes. Alvaro Lacayo, vice president of equity research at G.research, ...
Last month saw existing home sales fall to a three-year low while growth in housing prices slipped to its lowest level in more than six-years, putting homebuilder ETFs in focus.
The Zacks Analyst Blog Highlights: Energy Select Sector SPDR, iShares U.S. Home Construction, iShares Dow Jones Transportation and Financial Select Sector
Heading into 2019, there are few bets more contrarian than U.S. housing. Homebuilder stocks have been halved in many cases. Building products suppliers and distributors have performed just as poorly — if not worse.