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☆ A 'pause and pop' rally will push stocks higher throughout 2023 as the Fed backs off aggressive policy, CFRA says
▼ + stars: | 2023-01-30 | by ( Carla Mozée | ) www.businessinsider.com time to read: +2 min

Stocks look ready for a 'pause and pop' between when the Fed pauses rate hikes and starts cutting, CFRA said. CFRA said the Fed may make its final rate hike of this cycle at the upcoming February 1 meeting. "Historically, the FOMC has started a new rate-easing cycle an average of nine months after the last rate hike. The nine-month gap between a Fed pause in rate hikes and the first interest rate cut usually results in a gain for the S&P 1500 index, he said. Stovall said CFRA apparently not alone in thinking the Fed is on the verge of pausing rate hikes, outpointing the S&P 500's nearly 5% rise since the start of 2023.

☆ Here's why the housing market could see more action this year - and what it means for affordability
▼ + stars: | 2023-01-30 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Now — into the housing market we go. Nadia Evangelou, senior economist for the NAR, told me recently the housing market could turn around in 2023, but unaffordability would remain a prevailing theme. In other news:People sit outside the New York Stock Exchange (NYSE) in New York City, U.S., September 15, 2016. Elon Musk said he's worried about the Fed "crushing" the value of the entire stock market. The current uncertainty in the housing market can be paralyzing for investors, but there's still opportunities to make money, he explained.

☆ Lumber soars 13% as the housing market shows signs of a rebound for the first time in a year
▼ + stars: | 2023-01-27 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Lumber futures soared 13% on Friday as the housing market finally shows some signs of life. The essential building commodity is up 21% since encouraging housing market data was released earlier this week, and is up 37% year-to-date. Lumber had been pummeled throughout 2022, falling 67% as soaring mortgage rates weighed on the housing market considerably. And that decline in mortgage rates has helped breathe some life into the housing market, with mortgage application volume jumping 7% last week. While we do expect a near-term slowdown in housing (a primary driver of lumber demand), in our opinion long-term fundamentals remain strong for housing demand," Domain's Scott Reaves told Insider in an email.

☆ 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.

☆ Here are Wednesday's biggest analyst calls: Tesla, Amazon, Robinhood, Microsoft, Sunrun, Block & more
▼ + stars: | 2023-01-25 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Wednesday's biggest calls on Wall Street: BMO downgrades Microsoft to market perform from outperform BMO downgraded the stock after Microsoft's earnings report, noting it has concerns about Azure growth. Bank of America initiates Papa John's as buy Bank of America said the pizza chain stock is attractive and that it sees a return to growth. " Bank of America downgrades Booking Holdings to neutral from buy Bank of America said it sees "less valuation upside" for the online travel booking company. Bank of America downgrades Union Pacific to neutral from buy Bank of America it's concerned about "service and cost pressures" for Union Pacific. Bank of America reiterates Amazon as buy Bank of America said it's standing by its buy rating heading into Amazon earnings, but it's concerned about Amazon Web Services following Microsoft's disappointing quarterly results.

☆ U.S. homebuilder D.R. Horton beats quarterly profit estimates
▼ + stars: | 2023-01-24 | by ( ) www.reuters.com time to read: +1 min

Jan 24 (Reuters) - U.S. homebuilder D.R. Horton Inc (DHI.N) beat estimates for first-quarter profit on Tuesday, helped by higher home prices as demand outpaced supply due to raw material and labor shortages. While home prices remain elevated, the pace of increase is cooling following a 40% rise in average house prices over the last two years. "The supply of both new and existing homes at affordable price points remains limited, and demographics supporting housing demand remain favorable," Chairman Donald Horton said. Reporting by Kannaki Deka in Bengaluru; Editing by Sherry Jacob-Phillips and Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

☆ 16 breakout stocks are forming the bullish golden cross chart pattern
▼ + stars: | 2023-01-23 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

The names are forming a "golden cross" pattern, which is when the 50-day moving average crosses above the 200-day moving average. Its 50-day moving average is 6% above its 200-day moving average. Another solar company, First Solar , also made the list, with its 50-day moving average 18% higher than its 200-day moving average. Its 50-day moving average is 10% above its 200-day moving average. The company's 50-day moving average is 9% above its 200-day moving average.

[1/3] People with their dogs enjoy the sun in front of the sea during unseasonably warm temperatures in Malaga, southern Spain, January 4, 2023. Property purchases by foreigners increased by 62% from a year earlier in the region of Andalusia, which includes Malaga, in the first half of 2022, according to the Centre for Statistical Information of Notaries. The local government last year eliminated a wealth tax that obliges residents and non-residents to pay income tax on money held abroad. Citigroup (C.N) announced in March 2022 plans to open a hub for junior investment bankers in the city, offering what it said was "a better equilibrium between work and private life to attract young talent". Additional reporting by Jesus Aguado; Writing by Charlie Devereux; Editing by Andrei Khalip and Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.

Average 30-year fixed mortgage rates fell to 6.15% this week, according to Freddie Mac. See more mortgage rates on Zillow Real Estate on ZillowMortgage calculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 30-year fixed mortgage ratesThe current average 30-year fixed mortgage rate is 6.15%, according to Freddie Mac. 15-year fixed mortgage ratesThe average 15-year fixed mortgage rate is 5.28%, a decrease from the prior week, according to Freddie Mac data. Inflation remains elevated, but has started to slow, which is a good sign for mortgage rates and the broader economy.

☆ These companies reporting next week have a history of beating analysts' estimates
▼ + stars: | 2023-01-20 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Investors navigating a tough earnings season in the week ahead can stick to several stocks with a history of beating earnings expectations, according to Bespoke Investment Group. Of the 56 S & P 500 companies that have reported so far, about 69% have surprised to the upside, while 31% missed expectations, according to FactSet data. cookie maker posted positive earnings per share surprises 83% of the time out of 41 prior reports, and positive sales surprises 56% of the time. Meanwhile, computer peripherals maker Logitech has surpassed earnings expectations 75% of the time, and sales expectations 67% of the time, in 69 prior reports. Logitech has raised guidance just 1% of the time, however.

☆ Here are Thursday's biggest analyst calls: Netflix, Meta, Apple, Tesla, Charles Schwab, Roblox, Amazon & more
▼ + stars: | 2023-01-19 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Thursday's biggest calls on Wall Street: Bank of America downgrades Charles Schwab to underperform from buy Bank of America said in its double downgrade of Schwab that the Fed will stop hiking this summer, "removing a powerful near-term profit driver." Wells Fargo names Meta, Amazon and Alphabet top 2023 picks Wells says Meta, Amazon and Alphabet have "solid fundamentals" and should outperform in 2023. Deutsche Bank reiterates Tesla as buy Deutsche said the automaker could be a top performer in 2023. JPMorgan names Meta a top pick into earnings JPMorgan said Meta is well positioned into earnings next week. Bank of America reiterates Disney as buy Bank of America said the return of Bob Iger has been a boost to investor sentiment and that selling ESPN is not a slam dunk.

☆ Homebuilder confidence rises for the first time in a year
▼ + stars: | 2023-01-18 | by ( Anna Bahney | ) edition.cnn.com time to read: +2 min

Washington, DC CNN —A modest drop in mortgage rates over the past month has helped home builder confidence improve in January, after 12 consecutive months of falling, according to a survey released Wednesday. Experts say that could mean new home building is set for a pivot as construction prospects improve. All three metrics rose in January, marking the first improvement in builder sentiment since December 2021. The survey found home builders’ confidence rose this month from its December level, which was the lowest sentiment level since 2012 — aside from the immediate onset of the pandemic. “In the coming quarters, single-family home building will rise off of cycle lows as mortgage rates are expected to trend lower and boost housing affordability,” he said.

☆ Homebuilder sentiment rises in January for the first time in a year, thanks to lower mortgage rates
▼ + stars: | 2023-01-18 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

Sales of new U.S. homes retreated in January after a flurry of purchases at the end of 2021, indicating a jump in mortgage rates may be starting to restrain demand. Builder sentiment in the single-family housing market posted an unexpected gain in January, rising for the first time in 12 straight months. Sentiment rose four points to 35 on the National Association of Home Builders/Wells Fargo Housing Market Index. Both builders and consumers are likely responding to the recent drop in mortgage rates. "In the coming quarters, single-family home building will rise off of cycle lows as mortgage rates are expected to trend lower and boost housing affordability."

☆ One of America's largest homebuilders just opened its first community in the metaverse as more homebuyers in the real world cancel their orders
▼ + stars: | 2023-01-18 | by ( Robert Davis | ) www.businessinsider.com time to read: +5 min

The LA-based builder KB Home opened a first-of-its-kind community in the metaverse on January 17. KB Home's virtual community allows customers to personalize some of the company's model homes to their preferences, from changing the architectural style to customizing the interior design. Different customizable home types offered in KB Homes' metaverse community Courtesy of KB Homes"We know consumers are increasingly immersing themselves and spending more time in virtual spaces," KB Home's CEO Jeffrey Mezger said in the announcement. To combat these issues, Rob McGibney, KB Home's chief operating officer, told investors that the company is focusing on moving homes "as efficiently as possible through the construction cycle." The metaverse community can help alleviate some of these issues by allowing customers to design their new home online before KB begins building it in the real world.

☆ Homebuilders may finally be turning a corner as inflation stabilizes and lower mortgage rates bring buyers back into the market
▼ + stars: | 2023-01-18 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +4 min

This led to a downturn in the US housing market as housing activity dramatically faded. But, as inflation slows and interest rates fall, an economist says that the US housing market may get back on track in 2023. Sam Khater, the chief economist at Freddie Mac, also expects lower inflation to entice more Americans to return to the housing market — especially millennials. "While mortgage market activity has significantly shrunk over the last year, inflationary pressures are easing and should lead to lower mortgage rates in 2023," Khater said in a January mortgage report. Indeed, lower mortgage rates are already reviving interest from potential home buyers.

☆ Here are Friday's biggest analyst calls: Tesla, Apple, Amazon, AMC, Netflix, Caterpillar & more
▼ + stars: | 2023-01-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Friday's biggest calls on Wall Street: Bank of America upgrades Caterpillar to buy from neutral Bank of America said in it sees a multiyear growth story for the industrial giant. Guggenheim downgrades Tesla to sell from neutral Guggenheim said numbers are too optimistic ahead of Tesla 's earnings later this month. Deutsche Bank downgrades Logitech to hold from buy Deutsche said it's concerned about weakening PC demand trends. Bank of America reiterates Alphabet as buy Bank of America said it's standing by its buy rating on the stock, but that it sees further headcount reductions this year. Bank of America names Netflix a top pick Bank of America said Netflix is one of the best positioned media company's for the permanent shift to streaming.

☆ Stocks making the biggest moves premarket: Disney, American Airlines, Bed Bath & Beyond, Logitech and more
▼ + stars: | 2023-01-12 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Bed Bath & Beyond — The retailer advanced 16% premarket, continuing to rally after a handful of meme stocks surged Wednesday. American Airlines — The airline gained 5% after lifting its fourth quarter guidance, citing strong demand and high fares. Logitech — The maker of mice and keyboards plummeted 16% after it missed earnings expectations for the recent quarter and slashed its sales outlook. KB Home — Shares dipped 3.4% after the homebuilder missed estimates for the recent quarter on the top and bottom lines. Cinemark – Shares gained 1.9% following an upgrade by analysts at JPMorgan to an overweight rating.

☆ Stocks making the biggest moves midday: Cognizant, American Airlines, Logitech and more
▼ + stars: | 2023-01-12 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Cognizant — Shares of Cognizant rose 8% after the IT company raised its fourth-quarter revenue guidance. American Airlines — Shares rose more than 7% after the airline boosted its revenue and profit estimates for the fourth quarter. Caterpillar — Shares rose 2.4%, notching a 52-week high, after JPMorgan added the manufacturer to its focus list, saying its margin upside potential is currently underappreciated. Bed Bath & Beyond — Bed Bath & Beyond rallied 18%, building on gains after a handful of meme stocks surged Wednesday. The stock surged almost 69% in Wednesday's session.

☆ Stocks making the biggest moves premarket: CarMax, Salesforce, Coinbase and more
▼ + stars: | 2023-01-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

CarMax fell 53% in 2022 but has risen 18% since its disappointing quarterly results in December. Coinbase shares dropped 86% in 2022 as macro conditions and scandal dragged down the crypto market. Tesla — Tesla shares rose 2% after the EV maker registered with the state of Texas to expand its electric vehicle factory in Austin this year. Levi Strauss & Co — Shares of the clothing company slipped 2.2% after Citi downgraded the stock to neutral from buy. Shares were higher by less than 1% premarket.

☆ Bank of America upgrades Toll Brothers, cites favorable setup for homebuilder stocks as rates decline
▼ + stars: | 2023-01-11 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Bank of America is getting more bullish on shares of Toll Brothers as mortgage rates decline from their peak. Analyst Rafe Jadrosich upgraded he homebuilding stock to buy from neutral, saying that the valuation looks compelling on a price-to-book basis. Toll Brothers' long build cycle also means it has yet to see the full impact of price hikes. Toll Brothers also bought about three-fourths of the land it owns before the pandemic, which should offer a "long runway for health margins," he added. He also upgraded shares of Pultegroup to a buy from a neutral rating, saying that its valuation looks attractive and he sees limited write-down risk.

☆ KB Home scheduled to report Q4 earnings
▼ + stars: | 2023-01-11 | 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 EmailKB Home scheduled to report Q4 earningsKen Zener, KeyBanc analyst, joins 'The Exchange' to discuss the homebuilder outlook for 2023, expectations for KB Home's Q4 earnings and the influence of Fed policy on housing markets.

☆ Charts are 'screaming' that it's not too late to buy homebuilder stocks, Jim Cramer says
▼ + stars: | 2023-01-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCharts are 'screaming' that it's not too late to buy homebuilder stocks, Jim Cramer saysCramer broke down fresh charts analysis from Dan Fitzpatrick, founder of Stock Market Mentor.

☆ Charts are ‘screaming’ that it’s not too late to buy homebuilder stocks, Jim Cramer says
▼ + stars: | 2023-01-10 | by ( Krystal Hur | ) www.cnbc.com time to read: 1 min

CNBC's Jim Cramer on Tuesday said that investors still have a chance to buy homebuilder stocks before a possible run-up. "The charts, as interpreted by Dan Fitzpatrick, suggest that we're looking at a truly counterintuitive bull market in the homebuilders, and even though that's not supposed to happen at this point in the business cycle, the bulls keep running anyway," he said. The Federal Reserve has raised interest rates over the last year to tamp down inflation, hammering stocks of every industry from tech to retail to financials. However, the action in homebuilder stocks from recent months suggests that they're going against the tide, according to Cramer. To explain Fitzpatrick's analysis, he examined the daily chart of the Dow Jones U.S. Home Construction index.

☆ Cramer: This market is split in two and only one part is worth owning right now
▼ + stars: | 2023-01-08 | by ( Jim Cramer | ) www.cnbc.com time to read: +10 min

Why didn't those who think Powell is a doofus speak up and say maybe he's gotten it right? Its market cap looks too big, but it might actually be right because of its service revenue. The rest of the market, including stocks like Micron, will trade as it has in any recession. But the bottoming process for high-growth tech is pretty unfathomable because it was never valued right in the first place. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Jim Cramer reminds investors that market pain is needed to prevent endless price hikes
▼ + stars: | 2023-01-05 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Thursday reminded investors that pain in the stock market is unfortunately necessary for the Federal Reserve to win against inflation. "Nobody wants to root for layoffs or lower stock prices. But the alternative is persistently high inflation — endless price increases for everything — and nobody wants that either," he said. Stocks fell on Thursday after fresh data indicated that the labor market remains strong, despite the Fed's aggressive interest rate hikes to tamp down rising prices. "If it doesn't show higher unemployment with no wage growth, the Fed will need to keep aggressively raising interest rates," Cramer said.

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