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Stocks keep rising as lower inflation spurs hope the Federal Reserve is almost done hiking interest rates. The S&P 500 rose 2.4 between Friday, July 7, and Friday, July 14. The index touched its highest level since April 2022, with 82 percent of its members...
Stocks have stopped moving as investors wait for more news on corporate earnings and interest rates. The S&P 500 slid 0.1 percent between Friday, April 14, and Friday, April 21. If that percentage change sounds small, consider that the index fluctuated less than...
Housing stocks are down sharply this year as investors worry about higher interest rates. However activity on the ground continues to accelerate. The Commerce Department reported that February housing starts rose almost 7 percent to 1.77 million. It beat forecasts by...
Homebuilder stocks are holding their ground, despite enduring a lot of bad news this week. First, Home Depot (HD) crashed after reporting unexpectedly weak same-store sales. The National Association of Homebuilders next announced that business conditions had fallen to...
Housing stocks rallied in early 2021 as Americans scrambled for new homes. Now they pulled back dramatically as lumber prices tumble and mortgages get more affordable. The chart below the Philadelphia Housing Index ($HGX) with the Stochastic Slow Indicator, a common...
Homebuilders have struggled lately as interest rates rose, but the longer-term prospects remain favorable. Today’s chart considers the pullback in DR Horton, the biggest name in the space. DHI hit a new all-time high of $84.41 on February 11 and pulled back. It’s now...
Bullish news continues for the U.S. housing sector, even with interest rates spiking to pre-coronavirus levels. Home prices rose 10.4 percent in December, according to S&P CoreLogic Case-Shiller yesterday. It was the biggest in seven years, accelerating from...
Stocks broke out to new highs last week, but something changed. For the first time in months, Tesla didn't lead the charge. Traditional Nasdaq companies like Netflix (NFLX), Alphabet (GOOGL) and Apple (AAPL) outperformed the electric-car maker by a wide margin. The...
Several companies reported earnings this week, but few broke out. Walt Disney (DIS), Cisco Systems (CSCO) and Applied Materials (AMAT) beat analyst forecasts but remained below recent highs. Less prominent companies including Chinese e-commerce firm Pinduoduo (PDD)...