Tag Archives: correction

Mass layoffs at Google, eBay: a market correction not an economic alarm, experts say | KMPHPlease ensure Javascript is enabled for purposes ofwebsite accessibility Thu, 25 Jan 2024 02:09:53 GMT (1706148593829) a9269422ad81594ce3a51838ebc32a9751a7681b 95ab5c147d0b70d4c47b4658fa1b755d849ed77e Fallback Presentation. Using deprecated PresentationRouter. Source link

Analysts at Bank of America raised their rating on shares of three homebuilder stocks in a note out on Wednesday amid expectations mortgage rates will drop, materials costs will fall, and home prices will avoid a crash in 2023. In a new note to clients, Rafe Jadrosich at Bank of America Global Research upgraded shares of Lennar (LEN) to Neutral from Underperform with a price target of $102, up from $92, while raising shares of PulteGroup (PHM) to Buy from Neutral with a price target of $60,… Source link

Real estate investors have largely done well for the past few years. But with higher interest rates, things could be about to change. The U.S. Federal Reserve raised its benchmark interest rates by 0.75 basis points on Wednesday, marking the third such hike in a row. Higher interest rates translate to bigger mortgage payments — not good news for the housing market. But cooling down housing prices is part of what needs to be done to bring inflation under control. Don’t miss “For the longer… Source link

Housing correction is ‘dead ahead,’ warns Moody’s chief economist Mark Zandi — here’s how he sees things playing out over the next several months Existing home sales showed a 5.4% decline in June from May, but prices remain elevated, according to the National Association of Realtors. The median sale price of existing homes in the U.S. set a new record high of $416,000 in June, marking a 13.4% increase from a year ago. Yet for those continuing to watch these rising home prices, chief… Source link

“The housing market is looking increasingly vulnerable with a price correction possible,” says one economist. ING’s chief international economist James Knightley points to the rapid rise in home prices making it more challenging for prospective buyers to save for a deposit at a time when inflation is shrinking real incomes and confidence is suffering. “On top of this, the latest housing data shows that this sector is the most vulnerable to the rising rates environment with the growing… Source link

(Bloomberg) — Don’t be fooled by the stock market’s rapid-fire reaction to the news. It’s just the beginning of the first real slog in years, one that will hand a comeuppance to passive investors who once thought the only way for prices to go was up. Most Read from Bloomberg That’s the view of James Abate, whose Centre American Select Equity Fund (DHAMX) has beaten 97% of its peers during the past three years according to data compiled by Bloomberg. He says shares are getting less… Source link

Stocks experienced a brutal correction in January before bouncing to end the month down roughly 5%. That may be just the start of the pain for passive “buy-and-hold” investors, according to Barry Bannister, the chief equity strategist at Stifel, a St. Louis–based investment bank. In fact, the strategist is predicting an entire decade of suffering ahead for markets as the Fed raises interest rates, with 0% returns for investors. “Buy and hold is the ideal strategy in the bull phases…but… Source link

History shows we could be nearing the end of the stock market’s 2022 correction. “The current correction in stocks is overdue: we have not had a 10%+ S&P 500 correction since the quick bear market of March 2020. 10%+ corrections have occurred once per year on average since 1930, and have lasted on average 54 trading days before lifting more than 10% from the trough (since January 3, the market has dropped 13% as of Wednesday’s low and Thursday is the 45th trading day),” pointed out Bank of… Source link

U.S. equity futures ticked lower in post-market trading Monday after a sell-off in the earlier session that saw the Dow Jones Industrial Average fall into correction territory and the Nasdaq enter a bear market. Investors continued to jettison stocks and stockpile safe-haven assets as concerns over the economic consequences of Russia’s war in Ukraine intensified. Futures tied to Wall Street’s main benchmarks dipped slightly heading into overnight trading. Contracts on the Dow, S&P 500 and… Source link

This headline-only article is meant to show you why a stock is moving, the most difficult aspect of stock trading. Every day we publish hundreds of headlines on any catalyst that could move the stocks you care about on Benzinga Pro, our flagship platform for fast, actionable information that promotes faster, smarter trading. Benzinga Pro has an intuitively designed workspace that delivers powerful market insight, and is the solution of choice for thousands of professional and… Source link