Wall Street rallied, buoyed by the first interest rate cut since 2020 to address slowing economic growth. The S&P 500 and the Dow Jones hit new all-time highs and topped 5,700 and 42,000 milestones, respectively,...
For investors seeking momentum, iShares U.S. Home Construction ETF ITB is probably on the radar. The fund just hit a 52-week high and is up 77.45% from its 52-week low price of $71.22/share.But are more...
According to Freddie Mac, for the week ending Sept. 12, the 30-year fixed-rate mortgage slipped to its lowest level since February 2023. The rate on the 30-year loan averaged 6.2%, down from the four-week...
The Fed is likely to deliver the first interest rate cut since 2020 in its meeting, scheduled to start on Tuesday. Markets are pricing in 50% chances of a 50-bps rate cut and 50% odds of a 25-bps rate...
Democratic Kamala Harris could be victorious, per the so-called “misery index” that has successfully predicted presidential elections for four decades, if trends hold good, as quoted on CNBC. This...
The latest data on job openings renewed concerns over the economy's health, bolstering expectations of a supersized rate cut from the Fed this month. Traders are now pricing in a nearly 50% chance of the...
There’s increasing hope and optimism that rate cuts could be around the corner. And when that ...
U.S. existing home sales rose (XHB) more than expected in July, marking a modest rebound after four consecutive months of decline, according to data from the National Association of Realtors. Home sales...
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Lennar has significantly outperformed the broader market over the past year, yet analysts are moderately bullish on the stock's outlook.
How do average annual gains in the 20%-plus range sound?