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☆ Here are 5 sectors of the market that are working and the stocks that stand out in each
▼ + stars: | 2024-04-28 | by ( Jim Cramer | ) www.cnbc.com time to read: +10 min

Federal Reserve Chairman Jerome Powell met with the press after the March Federal Open Market Committee (FOMC) meeting, which was pretty fraught. Data centers If there is the whiff of a data center or anything in one, the stock goes higher. It's why Meta stock is a buy a tad lower as stocks tend to revisit those kinds of declines. I worry about Club stock Stanley Black & Decker for this reason, but the dividend will keep it propped up for now. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: what's, Jerome Powell, Powell, Powell isn't, Voltaire, Vertiv, Eaton, Meta, It's, jetsam, Darius Adamczyk, Vimal, Stanley Black, Decker, Azek, Morgan Stanley, Wells, Charlie Scharf, Wells Fargo, Chipotle, that's, Johnson, Jensen Huang, Jim Cramer's, Jim Cramer, Jim, Scott Mlyn Organizations: Federal, Market, Broadcom, Google, Microsoft, Nvidia, Travel American Express, Raytheon, GE Aerospace, Royal, AAR, Honeywell, Southwest Airlines, Housing, Stanley, JPMorgan, Procter, Gamble, Colgate, Merck, Bristol, Myers, PepsiCo, Energy, Coterra Energy, Diamondback, drillers, CNBC Locations: California, Royal Caribbean, Delta, Devon

☆ People are forking out record $2,800 a month on average just to cover their mortgage payments
▼ + stars: | 2024-04-19 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Mortgage holders are shelling out a record $2,800 on average to cover their monthly payments. The median monthly mortgage payment has jumped 11% over the past year to hit $2,775 for the four weeks ended April 14, Redfin data shows. The average 30-year fixed mortgage rate spiked to a five-month high of 7.4% this week, per Mortgage News Daily. That has driven 30-year mortgage rates from about 3% at the start of 2022 to more than 7%, which has caused monthly mortgage payments to spike. The result is that consumers face a double-whammy of painful price increases and steeper monthly interest payments.

Persons: —, Barbara Corcoran, Bill Pulte Organizations: Service, Mortgage

☆ The average US home price could spike 20% to a record $500,000 if the Fed cuts interest rates too soon, expert says
▼ + stars: | 2024-04-15 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

The median US home price could surpass $500,000 for the first time, one expert says. Housing guru Bill Pulte said prices could jump 20% if the Fed cuts rates before crushing inflation. AdvertisementThe average price of a home could soar to over $500,000 if the Federal Reserve cuts interest rates without crushing inflation first, a housing expert says. "I predict if rates go down, housing prices will go through the roof," Bill Pulte recently told Fox Business. This story is available exclusively to Business Insider subscribers.

Persons: Bill Pulte, —, Louis Organizations: Service, Federal Reserve, Fox Business, Louis Fed, Business Locations: St

☆ Here are Monday's biggest analyst calls: Nvidia, Tesla, Dollar Tree, Mondelez, Teva, Ulta, Carnival & more
▼ + stars: | 2023-11-27 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Monday's biggest calls on Wall Street: Deutsche Bank reiterates Saia as buy Deutsche said the transports company has "earnings power." JMP downgrades Okta to market perform from market outperform JMP downgraded the stock after a recent security incident. "We downgrade our rating to Market Perform from Under Review (Market Outperform prior) on Okta, Inc. in the wake of the most recent security incident announced on October 20." Wells Fargo reiterates Dollar Tree as overweight Wells said it's standing by its overweight rating on the stock heading into earnings next week. Melius upgrades Carnival to buy from hold Melius said it's "hard to not become incrementally bullish" on the stock.

Persons: Saia, Key, Wells, DLTR, Raymond James downgrades Weyerhaeuser, Raymond James, Redburn, Bernstein, Tesla, underperform Bernstein, Needham, Aston Martin, Jefferies, Pulte, Melius Organizations: Deutsche Bank, Deutsche, Bloom Energy, Clean Tech, Citi, New, Ulta Citi, Inc, Dominion, Weyerhaeuser, UBS, Waste Management, Novartis, EV, Pulte Group, RBC, GE Healthcare, Nvidia

☆ Cramer is optimistic coming out of earnings season, says most sectors performed well overall
▼ + stars: | 2023-11-14 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Tuesday gave his take on earnings as the season draws to a close, saying that sectors as a whole managed to perform fairly well. "When you look at all the groups, this was not a disappointing earnings season at all," he said. He argued that Alphabet also reported positive results, he said, adding the stock may have "roared" if management had better explained issues with the company's cloud business. He also said that companies in the utilities sector reported positive figures, but were hurt primarily because of the bond market. "Aside from Whirlpool and drug company Pfizer, I've been very impressed with pretty much every company that's reported so far," Cramer said.

Persons: CNBC's Jim Cramer, Cramer, industrials, DR, Toll, I've Organizations: Microsoft, Apple, Intel, Whirlpool, Pfizer Locations: Pulte, DR Horton

☆ As the market enters correction territory, don't blame the American consumer
▼ + stars: | 2023-10-29 | by ( Tim Mullaney | ) www.cnbc.com time to read: +14 min

Amazon.com Inc | ReutersThe initial third-quarter report on gross domestic product showed consumer spending zooming higher by 4% percent a year, after inflation, the best in almost two years. How is this possible with interest rates on everything from credit cards to cars and homes soaring? But they were below expectations at electric-vehicle leader Tesla , which blamed high interest rates, and at Ford . "And as interest rates rise, the proportion of that monthly payment that is interest increases." At American Express , which saw U.S. consumer spending rise 9%, the mild surprise was the company's disclosure that young consumers are adding Amex cards faster than any other group.

Persons: Bill Ackman, CFRA, Sam Stovall, Ryan Marshall, Wells, Jackie Benson, Tesla, Elon Musk, GM, Mary Barra, Paul Jacobson, John Lawler, Musk, Brian Moynihan, Jeremy Barnum, Sachin Mehra, Zers, Guess they're, Stovall, chargeoffs, John Greene, Morgan Stanley, Ravi Shanker, Spirit, Sundaram, Ethan Allen, they've, Marc Bitzer, Arun Sundaram, Amanda Agati, there's Organizations: Amazon.com Inc, Delta Air Lines, United Airlines, Coldwell, Ford, General Motors, GM, United Auto Workers, UAW, Cox Automotive, Bank of America, JPMorgan Chase, MasterCard, American Express, Discover Financial Services, JetBlue, Whirlpool, Amazon, PNC, Federal, Asset Management Locations: Shakopee , Minnesota, U.S, Covid, PulteGroup, Vermont

☆ Earnings aren't bad, but fourth-quarter forecasts are slipping. Here's what that means for the market
▼ + stars: | 2023-10-26 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

Results haven't been bad, but the macro is overwhelming everything, and fourth-quarter guidance is slipping. Here's a general rule for the stock market: earnings are the main determinant of stock prices in the long run, but in rare cases macro trends can overwhelm their message. Earnings are OK, but the trend is down On the surface, this looks like a good earnings season. With earnings, however, it's the trend in the forward quarter that matters: is the trend up or down? If Treasury yields stabilize or even move lower, that will be a more important factor than a slightly lower earnings environment.

Persons: Here's, CNBC's Robert Hum, Sellers, Chubb, Sherwin, Williams, Kimberly Clark, Campbell, Swift, FactSet's John Butters, what's Organizations: Microsoft, Waste, Norfolk, Procter, Gamble, Pepsi, Soft, Nvidia, Express, Visa, Southwest Airlines Locations: Meta, Winnebago, Corning, Big Tech, Treasurys

☆ See the 19-page pitch deck used to raise $5.5 million for NewHomeMate, a Zillow-like platform for newly constructed homes
▼ + stars: | 2023-09-27 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +3 min

But finding the right fit isn't always easy, thanks in part to the old-school practices of most homebuilders. Vyshnevska and Hnatkovskyy launched NewHomeMate (formerly PropertyMate) in 2020, as the housing market was beginning to reach a fever pitch. Earlier this year, the company announced that it had raised a $5.5 million seed round from funders to expand and grow its vision. "Many people realized that now is the best moment to buy homes, even with high interest rates, if you see where rent is going across much of the United States, and their only real option is new construction," Hnatkovskyy said. Vyshnevska and Hnatkovsky walked Insider through the pitch deck they used to raise their $5.5 million seed round with some confidential financial information redacted.

Persons: homebuyers, Sofia Vyshnevska, Dan Hnatkovskyy, Vyshnevska, Hnatkovskyy, DR, Hnatkovsky Organizations: DR Horton Locations: homebuilders, United States

☆ Cramer says don't get too caught up in top-down analysis
▼ + stars: | 2023-07-31 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer told investors on Monday not to solely rely on analysts' top-down, broad market assessments. According to Cramer, it's imperative to also pay attention to micro-analysis of a company's performance when buying individual stocks. "After all these years, I've come to know one immutable truth: There's no monopoly on stock market knowledge," Cramer said. Top-down analysts, Cramer said, might fixate on how the Federal Reserve's rate hikes might affect the company. Cramer stressed that he is not just "cherry-picking" names and instead said there are many companies that often defy macro expectations.

Persons: CNBC's Jim Cramer, Cramer, I've, G, Procter, DR, Lennar Organizations: Procter & Gamble, homebuilders, Boeing

☆ Here are Friday's biggest analyst calls: Apple, Nvidia, AT&T, Tesla, Disney, Amazon, Microsoft & more
▼ + stars: | 2023-07-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

JPMorgan downgrades AT & T to neutral from overweight JPMorgan downgraded the telecommunications due to "slowing growth drivers." Wells Fargo downgrades Progressive to equal weight from overweight Wells said it has concerns about the insurance company gaining share. UBS upgrades Microsoft to buy from neutral UBS said in its upgrade of the stock that shares are too attractive to ignore. Bank of America reiterates Amazon as buy Bank of America said it's standing by its buy rating after the company's Prime Day. JPMorgan reiterates Apple as overweight JPMorgan said recent checks show that Apple has "strong market share" in a variety of markets.

Persons: LOE, Wells, it's, Tesla, Morgan Stanley, Goldman Sachs, Goldman, Raymond James, Robert Iger, Mills, Argus Organizations: HSBC, Pfizer, ADC, JPMorgan downgrades, Verizon, Mobile, Consumer, JPMorgan, Alcoa, UBS, Microsoft, Citi, Applied Materials Citi, Bank of America, Texas Roadhouse Citi, Texas, Barclays, Apple, Sands, Macau, Northland, Nvidia, Pulte, KB, Disney, CNBC, DIS, Argus, TNT, Tidewater Locations: Wells Fargo, China, Northland

☆ Cramer foresees a broadening market: 'The strength away from tech is undeniable'
▼ + stars: | 2023-06-12 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer told investors on Monday the market is ripe with untapped potential. "When you look underneath, this market's not all that concentrated," Cramer said. "Much of the gains in this market are, indeed, in aggregate concentrated in a handful of huge tech companies. "Here's the bottom line: the strength away from tech is undeniable," Cramer said. "It's time to open our eyes to what's really happening rather than being blinded by the big cap tech light."

Persons: CNBC's Jim Cramer, Cramer, We've, DR, Eaton, Emerson, you'll Organizations: Apple, Facebook, Boeing, General Electric Locations: Pulte

☆ Homebuilder PulteGroup's quarterly profit beats estimates on higher house prices
▼ + stars: | 2023-01-31 | by ( ) www.reuters.com time to read: +1 min

Jan 31 (Reuters) - U.S. homebuilder PulteGroup Inc (PHM.N) on Tuesday beat Wall Street estimates for quarterly profit on the back of higher house prices in a tightening market. Higher prices have helped U.S. homebuilders offset the impact from rising prices of commodities, labor shortages and ongoing supply chain disruptions over the past year. Pulte's sales rose nearly 19% to $5.17 billion for its fourth quarter ended December 31, 2022. The homebuilder's quarterly net income rose to $882 million, or $3.85 per share from $663 million, or $2.61 per share, a year earlier. Analysts, on average, had expected PulteGroup's quarterly net income to be $2.93 per share on a revenue of $4.59 billion, according to Refinitiv.

☆ Market rally since October is broadening out — listen to 'The Homestretch'
▼ + stars: | 2023-01-31 | by ( ) www.cnbc.com time to read: +8 min

WE ARE IN A BULL MARKET AND IWANT TO BUY. A LOT OF PEOPLE SAY IT IS NOTREAL, BUT PUB POWER IS NOT REAL,BUT LINDY IS REAL. >> AND YES, I WAS UPSET THAT WECOULDN'T BUY IT BECAUSE OF THEWAY THAT THE -->> THE WAY THAT RESTRICTIONSWERE. AND YOU CAN BUY IT FROM NOW TOTEND OF THE DAY, BECAUSE THIS ISTHE HOMESTRETCH, AND THEANALYSTS WILL BE COMING UP HARDABOUT IT, AND IT DOES MATTER. >> AND THIS A NEW MARKET SINCEOCTOBER, AND BROADENING, ANDWHEN YOU GET THE SELL-OFFS LIKEYESTERDAY, YOU HAVE TO LISTEN TOWHAT WE ARE THINKING OF BUYINGAND CATERPILLAR TODAY, AND PUTTHE MONEY TO WORK.

☆ Stocks making the biggest moves midday: GM, McDonald's, UPS, Pulte, International Paper and more
▼ + stars: | 2023-01-31 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

The company reported an adjusted $2.12 per share on $43.11 billion in revenue. Analysts surveyed by Refinitiv were looking for $1.69 in earnings per share on $40.65 billion in revenue. Smith — Shares skyrocketed 13.7% after the manufacturing company reported earnings of $0.86 per share, beating consensus estimates. UPS also raised its dividend and sanctioned a new $5 billion stock repurchase plan. Pentair — Shares of Pentair surged 9.2% after the water treatment company reported earnings that topped Wall Street estimates for earnings and revenue.

☆ January Barometer looks like it will be positive, giving bulls a psychological boost
▼ + stars: | 2023-01-31 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

The so-called January Barometer starts 2023 positive with the S & P 500 up 4.6% to start the final trading day of the month. As for the S & P 500 , bulls want to keep the momentum going. To maintain that, the S & P has to stay well above the 4,000 range. Several companies (UPS, Exxon Mobil, Whirlpool) reported revenues that were lower than expectations. 2023 S & P earnings estimates: (year over year) Q1: down 1.7% Q2: down 2.2% Q3: up 3.8% Q4: up 10.1% Source: Refinitiv Want a good example?

☆ Inside homebuilding heir Bill Pulte's battle against a Twitter troll who turned out to be an executive at his former company
▼ + stars: | 2023-01-27 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +6 min

Bill Pulte, the grandson of one of the homebuilding industry's most successful founders, has built a Twitter following of 3.2 million. He's such a believer in Twitter that the Pulte family office participated in Tesla CEO Elon Musk's bid for control, with an investment he says in the "millions of dollars." Pulte alleges that Jones used Twitter bots to harass him and the larger Pulte family with damaging, incendiary accusations, including that his father, Mark Pulte, was an arsonist. Additionally, he said Sheldon's account appeared to have interacted with at least one of Jones' Twitter accounts. With his suspicion that multiple executives were involved in the Twitter harassment, Pulte's digging in his heels.

☆ Oppenheimer initiates homebuilders Pulte, Toll as outperform
▼ + stars: | 2023-01-19 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOppenheimer initiates homebuilders Pulte, Toll as outperformCNBC's Diana Olick joins 'Closing Bell' to discuss homebuilders and whether the stocks are getting closer to a bottom.

☆ Here are Wednesday's biggest analyst calls: Apple, Tesla, Netflix, Amazon, Salesforce, Levi's & more
▼ + stars: | 2023-01-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Bank of America downgrades Coinbase to underperform from neutral Bank of America said it sees too many headwinds for the crypto exchange. Goldman Sachs downgrades Jefferies to neutral from buy Goldman said it sees a "backlog decline" for the investment bank company. Bank of America upgrades Toll Brothers and Pulte Group to buy from neutral Bank of America upgraded several homebuilders, citing compelling valuations. "We upgrade PulteGroup to Buy (from Neutral), Toll Brothers to Buy (from Neutral), and Lennar to Neutral (from Underperform). Bank of America upgrades Dow to neutral from underperform Bank of America said it's taking a more "offensive" approach to the stock.

☆ Zoning is a bigger headwind to housing than inventory, says Pulte Capital CEO Bill Pulte
▼ + stars: | 2022-12-15 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailZoning is a bigger headwind to housing than inventory, says Pulte Capital CEO Bill PultePulte Capital CEO Bill Pulte joins 'Closing Bell: Overtime' to discuss the housing industry as homebuilder stocks hold up.

☆ Mortgage rates fall sharply to under 7% after inflation eases
▼ + stars: | 2022-11-10 | by ( Diana Olick | ) www.nbcnews.com time to read: +1 min

Mortgage rates fell sharply Thursday after a government report showed that inflation had cooled in October, prompting a decline in bond yields. The average rate on the 30-year fixed plunged 60 basis points from 7.22% to 6.62%, according to Mortgage News Daily. Those stocks have been hammered by the sharp increase in rates over the past six months. As a result, bond yields dropped sharply, and mortgage rates followed, as they follow loosely the yield on the 10-year Treasury. “This was always about needing two consecutive reports of this nature combined with acknowledgement from the Fed that the inflation narrative is shifting.”But Graham said rates are not out of the woods yet.

☆ Mortgage demand from homebuyers is now nearly half what it was a year ago
▼ + stars: | 2022-10-26 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

Mortgage demand fell last week to nearly half what it was a year ago, according to the Mortgage Bankers Association, as rates hit their highest level in 21 years. Mortgage applications to purchase a home dropped 2% from the prior week and were 42% lower than the same week in 2021. Mortgage rates declined slightly to start this week, but are still well over 7% after beginning the year at around 3%. ARMs offer lower rates but are considered a riskier product. Pulte Group reported a 24% cancellation rate in its latest quarterly earnings report Tuesday and said it expected an even higher rate for the next quarter.

☆ Reactions to earnings reports tell investors a lot of bad news is already priced into the market
▼ + stars: | 2022-10-25 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

Several companies have reported earnings below expectations or are providing weak guidance. JetBlue reported earnings lower than expected, but sales were in-line. General Electric was trading up premarket Tuesday, even though earnings were short of forecasts and it cut its full year outlook. Corning was in-line but provided weak guidance. The homebuilder posted earnings and revenues below expectations, yet the numbers were still strong: revenues up 13%, earnings up 44%.

Organizations: & $

☆ Homebuilding sector historically outperforms following early declines, KeyBanc says in upgrade to overweight
▼ + stars: | 2022-09-19 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Horton, Lennar and other homebuilders as the housing market is due for a comeback, according to KeyBanc Capital Markets. Analyst Kenneth Zener double upgraded the homebuilding sector to overweight from underweight, saying history points to higher prices after declines this year, which came amid slowing demand and rising mortgage rates. The analyst pointed to data going back to 1963 showing that the relationship between homebuilders and the S & P 500 now offers relative risk to reward. Over the past 19 economic cycles, "Builders fell 41% (28% vs. the S & P) with those same cycles' recoveries offering 194% upside (up 141% vs. the S & P)," Zener wrote in a Friday note. "On balance, we see fundamental and rate pressure persisting, but positive relative performance, supporting our upgrades," Zener wrote.

☆ Earnings at the half: reports of their death are greatly exaggerated, so far
▼ + stars: | 2022-07-29 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

S & P 500 2022 earnings: No recession in earnings Q2: +7.6% Q3: +9.0% Q4: +8.6% 2022: +8.8% 2023: +8.3% Source: Refinitiv Earnings are reflecting a slowdown, but not a recession Recessions almost always produce a decline in earnings. Amazon alone is expected to see an earnings decline of 90% this year (it has posted losses for two straight quarters). Consumer Discretionary earnings 2022 April 1: +6.9% Today: +0.7% Source: Refinitiv Communication Services are also seeing a decline in earnings expectations, led by Netflix and Meta (Facebook). Meta alone is expected to see total earnings decline 25% this year. However, other stocks in the sector, such as Walt Disney, are seeing earnings estimates move higher.

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