Key regional Fed reports for homebuilder and REIT investors
Overall increases in business activity and consumption are starting to drive more business for homebuilders, like Lennar (LEN), D.R. Horton (DHI), Toll Brothers (TOL), and PulteGroup (PHM).
Corporate borrowers issue debt in the primary capital market. The debt can be privately-placed to individuals or institutions. It’s usually marketed to investors through underwriters or investment banks.
Sector ETF Analysis
The U.S. total rig count decreased by 17 rigs—from 1,913 to 1,896—during the week ending August 22. This marked the first rig count decline in the past five weeks. The decline was also the largest since late September 2013.
Investment in a cyclical industry like steel has never been for the fainthearted. It’s a high beta industry, which means that the shares of steel companies fall or rise more than the broader market indices.
A 12.9-inch iPad would be even bigger than the 12-inch Surface Pro 3 tablet that Microsoft (MSFT) introduced earlier this year. So what made Apple think about launching such a big iPad? Let’s find out.
The Case-Shiller Index is the most widely quoted index of real estate values. Real estate values are big drivers of consumer confidence and spending, so they have an enormous effect on the economy.
BHP’s work is organized into five business units—petroleum and potash, copper, iron ore, coal and aluminium, and manganese and nickel. It’s headquartered in Melbourne, Australia. BHP operates through 100 locations in 25 countries. It was created when BHP and Billiton merged in June 2001.
On Monday, August 26, Burger King closed 19.5% up at $32.40 from the previous close of $27.11 on August 22. Tim Hortons jumped 19%, closing at $74.72 from the previous close of $62.84.
The price-book value ratio is the ratio of the market value of equity to the book value of equity. Price stands for the current market price of a stock. Book value is the total assets minus liabilities, or net worth, which is the accounting measure of shareholders’ equity in the balance sheet.
Macro ETF Analysis
The purpose of Treasury auctions is to obtain financing from markets at the most competitive cost. The yield on these securities is determined through a public auction process. These yields affect the secondary market for U.S. Treasuries. Yields and bond prices move in opposite directions.
With the Fed likely to begin raising rates in the first half of 2015, you may be wondering how to position your portfolio for the coming period of rate normalization.
When Russell Indexes issued its annual fund reconstitution for 2014, it made some key changes that investors might want to think about. Of particular note is the increased market capitalization threshold between the large-cap Russell 1000 (or IWB) and small-cap Russell 2000 (IWM) benchmarks.
Income ETF Analysis
Mortgage REITs like Annaly (NLY), American Capital Agency (AGNC), and PennyMac (PMT) will use the survey data to help forecast prepayment speeds and also to gauge consumer sentiment and its expected effects on the economy.
Williams Companies Inc. (WMB) is in the business of energy transport and processing infrastructure. Its diversified operations include interstate gas pipelines, local midstream operations, and olefins production.