Sticker Shock? Unpacking September's FHFA Home Price Index
Rising home prices make it possible for companies to raise their prices and increase their gross margins. That said, it appears that buyers are beginning to experience sticker shock.
AES Corporation (AES) released its 3Q14 financial results on November 6, 2014. The company reported adjusted earnings of $0.37 per share, down from $0.39 per share in 3Q13.
Sector ETF Analysis
The US rig count has increased this year. There were occasional declines, but nothing significant. This week’s increase reinforces an upward trend.
Alaska’s share price increased to $55.86 on November 18, 2014, ~53% higher than $36.59 in the beginning of the year.
NVIDIA’s business focuses on visual computing. It ensures and enforces connectivity through computer graphics. Its graphics chips cater to all of the major computing platforms.
The National Association of Realtors, NAR, put out its Pending Home Sales Index. It tracks the number of home sales under contract. This tends to lead the actual home sales data by a few months.
Alcoa (AA) is the largest aluminum company in the US. It’s among the top three aluminum producers globally. The company was founded in 1888.
Caesars Entertainment has grown through the development, expansion, and acquisition of resorts. The company now operates 50 casinos in 13 US states and five countries.
Investor interest in these funds is strong. Unconstrained bond funds offer options for managing fixed income risks, without being shackled by index constraints.
Community Health Systems (CYH) has grown its hospital count rapidly in the last three decades. Today, it has the largest hospital network in the US.
Macro ETF Analysis
Due to the Fed’s bond buying program, the Fed’s holdings have continued to rise. The quantitative easing (or QE) program ended last month.
Emerging market bonds have been one beneficiary of today’s low yield environment. Is it too late to allocate to this asset class?
Stocks advanced again last week, driven by an improving economic picture and an encouraging earnings season by U.S. companies. But a stronger economy comes with a flip side: less need for monetary stimulus.
Gold isn’t a traditional consumable, which impacts its supply dynamics. Gold’s price depends on the valuation of assets like equities, bonds, and real estate.
Income ETF Analysis
Last week, 291,000 people filed for first-time unemployment claims. This was our 13th sub-300,000 print on initial jobless claims this year, and the tenth in a row.
EPD is a leading midstream service provider in the natural gas, natural gas liquids (or NGLs), crude oil, petrochemicals, and refined products sectors.