Home Prices Reach Their Bubble-Year Highs
The FHFA’s House Price Index differs from other house price indexes in that it only looks at houses with mortgages guaranteed by Fannie Mae and Freddie Mac.
Sarepta Therapeutics closed at $37.4 and was trading 15.2% above the 100-day moving average price of $32.5. It has a weight of 0.8% in XBI.
Sector ETF Analysis
On Monday, November 30, 2015, natural gas prices rallied due to lower natural gas prices. Lower natural gas prices boosted bargain buying, and short covering supported natural gas prices.
SKYY closed at $43.9 with a positive return of 0.23% on November 27, 2015, generating a profit of 0.07% for the week.
Thanksgiving and Black Friday mark the beginning of the holiday season for retailers. The consumer discretionary sector fell on November 30, 2015.
After Golar LNG’s fiscal 3Q15 earnings report, GLNG rose by 2.3% to close at $27.35 per share on November 30, 2015.
On Monday, November 30, 2015, base metals recovered from their fall on the last trading day. All base metals in LME, except aluminum, ended the day in gains.
The investment-grade bond market lost traction in the week ended November 27 due to the Thanksgiving holiday and the Black Friday shopping weekend.
Teva Pharmaceutical (TEVA) entered into a drug development and licensing agreement with Heptares Therapeutics on November 25, 2015.
Housing is steadily becoming a bright spot for the US economy. The iShares US Home Construction ETF (ITB) has risen 3.9% over the past month, as of November 23.
Wall Street analysts predicted a 13.3% YoY rise in Kroger’s earnings in 3Q16, going to $0.39 from $0.35 in 3Q15. Sales for fiscal 1H16 stood at $58.5 billion.
Global ETF Analysis
With household spending gathering pace, it could be an important growth driver for the United Kingdom’s economic growth.
Income ETF Analysis
While high yield bonds could be an avenue for higher yields, they seem risky given the slowing global economy and low oil prices. In such a scenario, preferred stocks could offer some value.
Headquartered in Atlanta, Georgia, Post Properties is structured as an REIT and completed its initial public offering in 1993.
NYMEX near-month Henry Hub natural gas futures contracts rose last week. Natural gas prices closed at $2.21 per MMBtu on November 27.