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☆ Europe's STOXX 600 falls for seventh day; U.S. CPI data eyed
▼ + stars: | 2022-10-13 | by ( Devik Jain | ) www.reuters.com time to read: +3 min

SummarySummary Companies U.S. CPI data due at 1230 GMTAroundtown slumps after Citi downgradeOct 13 (Reuters) - Europe's STOXX 600 index fell for a seventh day on Thursday, dragged by technology and real estate stocks, with investors focussed solely on U.S. inflation data due later in the day to gauge the Federal Reserve's rate-hike trajectory. The region-wide (.STOXX) index was down 0.5% by 0810 GMT, and on pace for its longest losing streak since early February 2018, if losses hold. All eyes are on U.S. CPI data due at 1230 GMT. "The effects of inflation and expected economic contractions on shoppers caution are expected to continue to weigh on consumer discretionary stocks, particularly retail, travel and hospitality," Streeter said. Norwegian aluminium producer Norsk Hydro (NHY.OL) jumped 5.6% after reports that the United States was weighing restricting imports of Russian aluminium.

☆ A view from Greenwich: Big investors from Bridgewater, Apollo, and Ares are preparing for when, not if, a recession hits
▼ + stars: | 2022-10-13 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +5 min

At the Greenwich Economic Forum on Tuesday, big investors said they expected a downturn. Many big investors anticipate a lighter recession than in the past as the Fed hikes interest rates. And while it's held in the hedge fund capital of the world, private credit dominated discussions. Some investors, like Lawrence Golub, chief executive of $55 billion credit asset manager Golub Capital, expect a period of low growth but no severe recession. It's going to be one where there's some economic growth in various parts of high-end consumer, or other areas," he said.

"The chancellor will come to the despatch box," he said when asked by Sky News whether the corporation tax plan would definitely stay. Newspapers reported that some lawmakers who never wanted Truss to replace Boris Johnson as leader in the first place already wanted her out. "I think that changing the leadership would be a disastrously bad idea, not just politically but also economically, and we are absolutely going to stay focused on growing the economy," Cleverly said of Truss. But a fire-sale in the government bond market has driven up borrowing costs and mortgage rates and forced the Bank of England to intervene to protect pension funds. read moreMeanwhile, as Truss battled with the turmoil, she met King Charles for a weekly audience at Buckingham Palace between monarch and prime minister on Wednesday.

☆ 44% of UBS survey respondents plan to buy residential property in next 12 months
▼ + stars: | 2022-10-03 | 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 Email44% of UBS survey respondents plan to buy residential property in next 12 monthsJohn Lovallo, UBS senior research analyst, joins 'Power Lunch' to discuss a recent housing survey from UBS, who the company surveyed and how investors should view the homebuilder sector.

☆ Now is the time to invest in homebuilder stocks, says KeyBanc's Zener
▼ + stars: | 2022-09-28 | 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 EmailNow is the time to invest in homebuilder stocks, says KeyBanc's ZenerKen Zener, homebuilder analyst at KeyBanc, joins 'Squawk on the Street' to discuss whether it's a good time to invest in homebuilder stocks and more.

☆ Cooling demand means raising prices becomes a test of how well companies know their customers
▼ + stars: | 2022-09-28 | by ( Robert Hum | ) www.cnbc.com time to read: +6 min

As the country reopened after pandemic closures, price hikes were essentially a sure bet. Will those price hikes be as big in magnitude as previous ones? Or do companies attempt to stimulate sales by cutting prices — but at the risk of eroding margins? On Thursday afternoon, it will be worth keeping a close eye on Micron and Nike to see what they have to say about pricing, margins and demand dynamics. Given the current situation, don't rule out future price hikes too from the food maker.

☆ What Cramer is watching Tuesday — market extremely oversold, new signs of housing slowdown
▼ + stars: | 2022-09-27 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Counterintuitive: Raymond James says buy homebuilder Lennar (LEN), raises price target to $90 per share from $75, despite surging mortgage rates. Morgan Stanley slashes price target on FedEx (FDX) in half to $125 per share. Citi put Dow stock McDonald's (MCD) on a "negative catalyst watch" and lowers price target to $246 per share from $275. Deutsche Bank raises PepsiCo (PEP) price target to $181 per from $179; keeps hold rating ahead of third-quarter results next month. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Stifel's stock chief shares 4 places to put your money now as an 'immediate window' for returns opens up while stocks hit a near-term bottom
▼ + stars: | 2022-09-26 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

He said the S&P 500 would climb back to 4,400 by early next year. He said he thinks the S&P 500 will rally back to 4,400, which is about 19% upside from where it closed on Friday. StifelProvided that inflation continues to meaningfully drop, so too will yields on 10-year Treasury Inflation-Protected Securities, or TIPS, Bannister said. When 10-year TIPS yields and 36-month fed funds futures fall, the S&P 500 tend to rise. Longer-term, the S&P 500 is likely to remain range-bound below 4,800 through the rest of the decade, he said.

☆ People and businesses are turning more skittish on real estate, including house hunters wary of buyers' remorse and a big US homebuilder that just walked away from 8,800 contracts
▼ + stars: | 2022-09-23 | by ( Dan Latu | ) www.businessinsider.com time to read: +4 min

KB Home CEO Jeff Mezger said 35% of buyers canceled purchases last quarter. Relatively high mortgage rates and high prices may make prospective buyers rethink their decisions. One of the largest homebuilders in the US this week blamed a market slowdown on prospective buyers, including itself, getting cold feet. And we really can't control that," Mezger told analysts on the call, according to a Seeking Alpha transcript. Prospective buyers might also be taking their cues from homeowners who have recently taken the plunge.

☆ FTSE slides as UK's mini budget fails to soothe recession worries
▼ + stars: | 2022-09-23 | by ( Sruthi Shankar | ) www.reuters.com time to read: +3 min

The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. read moreThe internationally focussed FTSE 100 (.FTSE) extended losses, falling 1.6% to its lowest since July 15, while the domestically focussed FTSE 250 index (.FTMC) dropped 1.1% to hit near two-year lows. It is among UK's worst performing sectors this year as rising rates sparked worries about affordability. read moreOil (.FTNMX601010) and mining (.FTNMX551020) majors were the biggest drags on the FTSE 100 as commodity prices weakened against a strong dollar. read moreSmiths Group (SMIN.L) rose 4.1% after the industrial technology group provided upbeat full-year 2023 forecast.

☆ The Fed is embracing a possible housing-market correction as a way to get ‘red-hot’ prices back to a more sustainable level
▼ + stars: | 2022-09-22 | by ( Ben Winck | ) www.businessinsider.com time to read: +4 min

The housing market is in a slump. "We probably in the housing market have to go through a correction to get back to that place." The National Association of Home Builders and Wells Fargo Housing Market Index — a popular gauge of homebuilder confidence — tumbled further into recession territory in September. As the Fed's benchmark rate creeps higher still and lifts mortgage rates, demand for homes is likely to crumble even further. "From a sort of business cycle standpoint, this difficult correction should put the housing market back into better balance."

☆ Lumber falls after mortgage rates solidify their move above 6% amid hawkish Fed rate hikes
▼ + stars: | 2022-09-22 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Lumber prices extended their 2-day decline to 10% after the Fed hiked interest rates by 75 basis points on Wednesday. The aggressive interest rate hike from the Fed helped solidify the recent surge in mortgage rates to above 6%. "The lumber market continues to be in a state of overall malaise as buyers anticipate lower overall demand going forward," Sherwood Lumber told Insider. The surge in mortgage rates have taken a significant bite out of home sales, which has in-turn led to price cuts and has dented homebuilder sentiment. "The lumber market continues to be in a state of overall malaise as buyers anticipate lower overall demand going forward.

☆ Stocks making the biggest moves midday: Novavax, Darden Restaurants, Eli Lilly and more
▼ + stars: | 2022-09-22 | by ( Jesse Pound | ) www.cnbc.com time to read: +4 min

Darden Restaurants — Shares of Olive Garden's parent company fell more than 4% after Darden's fiscal first-quarter results showed lighter-than-expected revenue. The company reported $1.56 in earnings per share on $2.45 billion of revenue. Eli Lilly — The pharmaceutical stock climbed 4.2% after UBS upgraded Eli Lilly to buy from neutral. KB Home – Shares of homebuilder KB Home slipped 4% after the company reported earnings that disappointed Wall Street's revenue expectations. The company reported $3.13 in adjusted earnings per share, below the $3.20 anticipated by analysts, according to Refinitiv.

☆ What Cramer is watching Thursday — 2-year yield says Fed going much higher; job market remains tight
▼ + stars: | 2022-09-22 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

An inflation target from the Fed of 2%, does that mean we need the nation's unemployment rate to double? Weekly jobless claims up slightly to 213,000, but that's fewer than expected and suggesting the labor market remains tight. UBS upgrades Club holding Eli Lilly (LLY) to buy from neutral (hold), raises price target to $363 per share from $335. Barclays lowers price target on United Parcel Service (UPS) to $180 per share from $200, keeps equal weight (hold) rating. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

The Federal Reserve on Wednesday hiked its key interest rate by 0.75% for the third time in a row as it races to get ahead of the galloping inflation that is sapping the earnings of American consumers. This month, the Bureau of Labor Statistics reported inflation had climbed by 8.3% year on year and 0.1% month on month. By raising interest rates, the Fed hopes to rein in consumption and borrowing, which in turn should put downward pressure on prices. One area in which higher interest rates are taking a significant bite is housing. Bankrate's McBride laid out some financial advice Americans should keep in mind as interest rates climb.

☆ Lennar quarterly profit rises on strong demand for homes
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterSignage is seen at The Collection at Morristown, a housing development by Lennar Corporation, in Morristown, New Jersey, U.S., November 13, 2021. REUTERS/Andrew KellySept 21 (Reuters) - Homebuilder Lennar Corp (LEN.N) on Wednesday reported a 4.3% rise in quarterly profit, benefiting from record-high property prices as demand far outpaced supply that was crippled by raw material and labor shortages. Existing home prices for all housing types in July touched $403,800, up 10.8% from a year ago, according to a report from the National Association of Realtors. Miami-Florida based Lennar posted an about 29% rise in quarterly revenue to $8.93 billion. Register now for FREE unlimited access to Reuters.com RegisterReporting by Nathan Gomes and Priyamvada C in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

☆ Stocks making the biggest moves after hours: H.B. Fuller, KB Home, Lennar and more
▼ + stars: | 2022-09-21 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

KB Home — Shares dipped 21% in extended trading after the homebuilder disappointed on revenue expectations in its earnings results. KB Home reported earnings of $2.86 per share on revenue of $1.85 billion. The company reported earnings of 21 cents per share on revenue of $863.3 million. Lennar — Lennar dipped 1% after the home construction company reported its latest quarterly results. The company reported earnings of $5.03 per share on revenue of $8.93 billion.

☆ We're quite cautious on policy conditions, fundamentals in homebuilder stocks, says KeyBanc's Zener
▼ + stars: | 2022-09-19 | 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 EmailWe're quite cautious on policy conditions, fundamentals in homebuilder stocks, says KeyBanc's ZenerKen Zener, homebuilder analyst at KeyBanc, joins 'Power Lunch' to discuss why the homebuilder sector is about to turn, which homebuilder has the most pricing power in today's environment and how Wednesday's Fed announcement could affect homebuilder stocks.

☆ More homebuilders lower prices as sentiment falls for ninth straight month
▼ + stars: | 2022-09-19 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

More builders are lowering prices for homes as their confidence in the market continues to tumble. Homebuilder sentiment in September fell 3 points to 46 in the National Association of Home Builders/Wells Fargo Housing Market Index. Indeed, builders blame rising rates for their falling sentiment. On a three-month moving average, sentiment in the Northeast fell 5 points to 51 and also dropped 5 points to 44 in the Midwest. In the South, it slipped 7 points to 56, and in the West, where home prices are highest, sentiment declined 10 points to 41.

☆ Investment strategies for housing stocks
▼ + stars: | 2022-09-19 | 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 EmailInvestment strategies for housing stocksVenture Capitalist Kevin O'Leary and SVB CIO Shannon Saccocia join 'Halftime Report' to discuss demand in housing markets, mortgage rate hikes and homebuilder stocks.

☆ Stocks making the biggest moves midday: Lennar, Coinbase, Array Technologies and more
▼ + stars: | 2022-09-19 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Check out the companies making the biggest moves midday Monday:D.R. Horton, Lennar, PulteGroup — Homebuilder stocks moved higher on Monday after KeyBanc double upgraded the sector to overweight from underweight. Array Technologies — The solar stock jumped over 3% after Piper Sandler upgraded Array Technologies to overweight from neutral, saying the company has more upside ahead on an improved forward outlook. AutoZone — AutoZone shares fell more than 2% as traders pored over a mixed quarterly earnings report. Wix — Shares of Wix soared 11% after activist investor Starboard Value revealed a 9% stake in the web development platform company.

☆ Confused about the housing market? Here's what's happening now – and what could happen next
▼ + stars: | 2022-09-09 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +5 min

The U.S. housing market surged during the pandemic as homebound people sought new places to live, boosted by record-low interest rates. Here are the major factors behind the topsy-turvy housing market. Mortgage ratesThe main driver of the slowdown is rising mortgage rates. In the five years before interest rates began to rise, that income-to-payment ratio held steady around 20%. "Given the large role affordability challenges appear to be playing in shifting housing market dynamics, the recent pullback in home prices is likely to continue," Walden said.

☆ Homeowners still want space to quarantine and take Zoom calls, even though the worst of the pandemic is over. 3 real-estate experts explain the trends they're seeing.
▼ + stars: | 2022-09-02 | by ( Abigail Bassett | ) www.businessinsider.com time to read: +6 min

Quarantine spaces, flexible rooms, and accessory dwelling units (ADUs), are hot trends right now. The lower level matched exactly the kind of space Trevett was looking to build out. Additional data from the NAHB shows that demand for things like flexible living spaces, dedicated office or Zoom spaces, outdoor spaces, laundry rooms, and home technology has risen during the pandemic. Adding more living space separate from the main home has also become more important for families considering the needs of aging parents and boomerang kids. "Having a dedicated quarantine space gives me a sense of relief," Trevett said.

☆ If you don't want a recession, stop talking about it
▼ + stars: | 2022-08-20 | by ( Paul Constant | ) www.businessinsider.com time to read: +6 min

Every recession in the 20th and 21st century has followed predictable metrics — spending drops, unemployment rises, and manufacturing slows down. If you examine the economy with rising prices in mind, it looks like we're in a recession. Since the word is on everyone's lips, it's important that we hammer down the meaning of a recession. That said, we live in uncertain times, and nobody can predict whether or not a recession is imminent. Are Americans spending enough money to ensure that the service economy continues to add jobs?

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