#Ferrari #250GTO #PinkFloyd #AC/DC $RACE After founding-member Roger Waters left the band, Pink Floyd decided to go on tour with its 13th studio album, “A Momentary Lapse of Reason.” In order to fund the tour, Mason used this Ferrari as collateral. It turned out to be a good decision, though, because it was the highest-grossing […]
#Armani #Ferrari $RACE Giorgio Armani, 86 anni, may consider a joint venture with another Italian company, the founder of the Milanese fashion house said Wednesday. Thus, opening the door for the 1st time to a potential business partner. Ferrari (NYSE:RACE) seems the choice since Mr. Armani already has an exclusive working agreement with the iconic […]
#Ferrari #Testarossa #Bonham’s $RACE On 10 April 132 20th Century high-performance automobiles, mostly, will be presented through Bonham’s at its Supercars on Sunset auction, with many of the lots likely to become even more collectible in the yrs ahead. It can be assumed that the 1993 Ferrari 512 TR crossing the block, estimated to fetch as much as […]
#Ferrari #Purosangue #Thoroughbred $RACE The Ferrari (NYSE:RACE)Purosangue development is moving forward on the track and European roads. The exterior design has a few tweaks from the existing Maserati Levante. The headlights appear to be different pieces, or the shape is at least distinct because of the tape covering the lamps. The hood is rounder. The engineers fit […]
#Ferrari #stock #buyback $RACE Ferrari NV (NYSE:RACE) announced that the Company has purchased, under the 4th Tranche of the common share buyback program announced on 11 March 2021, additional common shares reported in aggregate form, on a daily basis on the Italian Stock Exchange (MTA) as follows: TradingDate(dd/mm/yyyy) Stock Exchange Number of common shares purchased […]
#Ferrari $RACE Designed by the Ferrari Style Center, the F8 Spider continues that approach begun with the F8 Tributo, which tends to represent a new design language, always strongly oriented towards sportsmanship and functional to aerodynamic performance. With what may be the sexiest body Ferrari created in its own design studio, the F8 Spider draws inspiration […]
#Ferrari #share #buyback $RACE Ferrari N.V. (NYSE:RACE) announces that the Company has purchased, under the 4th tranche of the common share buyback program announced on 11 March 11, 2021, that common shares reported in aggregate form, have been reported on a daily basis on the Italian Stock Exchange (MTA) as follows: TradingDate(dd/mm/yyyy) Stock Exchange Number […]
#Ferrari $RACE “Win on Sunday, sell on Monday has been the most famous mantras for why automobile manufacturers get involved in motorsports, but things have changed and Ferrari is on Top of that curve” — Paul Ebeling Now building a successful brand is not about getting F1’s fans to immediately dig into their pockets and buy reall […]
#Ferrari #SF21 #F1 $RACE Charles Leclerc says Ferrari (NYSE:RACE) has blown off the “strange” atmosphere at the team from early Y 2020 when it came to terms with its F1 struggles. Ferrari heads into this season looking to recover from its worst campaign in 40 yrs as only got 6th in the constructors’ championship last […]
#Ferrari #Scuderia #LeMans #racing $RACE “Ferrari racing fans around the world cannot wait to watch exciting wheel-to-wheel action between the world’s biggest manufacturers“– Paul Ebeling Ferrari (NYSE:RACE) once was the last word in the world of endurance racing. But, Enzo Ferrari decided to step away from prototype sports car racing in the 1970s and focused […]
#Ferrari #F1 $RACE “Ferrari is the F1 team to watch this season even though Mercedes and Red Bull Racing are very strong competitors“– Paul Ebeling The testing last week in Bahrain offered glimpses of a better future for Ferrari following Y 2020, their worst season in 40 yrs. Carlos Sainz recorded the 3rd-fastest time last […]
#Ferrari #SF21 #F1 $RACE Mattia Binotto believes Ferrari’s straight-line speed is “not any more a disadvantage” after giving its new F1 power unit a 1st extended run-out in testing last wk. In Y 2020 the Scuderia struggled with both a draggy car and a poor performing power unit, making its straight-line speed a particular weakness. […]
#Ferrari $RACE “Ferrari, the Tier 1 motorsport’s most successful team is powering back from its worst F1 season in 40 yrs and the fans are as excited as they have ever been.” — Paul Ebeling “2020 is behind us but it will not be forgotten and it will have made us stronger. All of us […]
#Ferrari $RACE We really do not need science and math to decide which car is the most beautiful in the world, but the automotive publication Carwow did just that recently. Using the 2,500 anni mathematic Golden Ratio, Carwow analyzed 197 of the world’s most powerful performance cars from the last 70 yrs to decide which car was the most […]
#Ferrari $RACE Ferrari (NYSE:RACE) has announced is its intention to restart its multi-year share repurchase program announced on 28 December 2018 with a 4th tranche of up to EUR150-M to start on 12 March 2021, and to end no later than 30 September 2021, of which up to EUR120-M to be executed on the MTA […]
#luxury #Exor #Agnelli #Louboutin #Ferrari $Hermes $EXXRF $RACE $STLA “Ferrari’s owner, Exor is paying $643-M for a 24% stake in Louboutin, my favorite ladies shoe brand“– Paul Ebeling Following the news Monday that the iconic Italian Agnelli family’s holding company was investing in the Christian Louboutin brand, after its investment in Hermès International’s China project Shang Xia last […]
#F1 #Ferrari #RichardMille $RACE Richard Mille’s partnership with Ferrari (NYSE:RACE) will help increase the Swiss luxury watchmaker’s brand value when it comes to wearable timepieces. Both companies will have their own respective teams responsible for researching and designing products which will foster the development of an exclusive range of limited edition watches. With the 2 teams […]
#F1 #Ferrari #Champagne $RACE “Ferrari are guaranteed to be on the podium after every F1 race this season” –Paul Ebeling F1 management has struck a deal with Italian sparkling wine producer Ferrari Trento, its Ferrari Brut is now the “official toast of Formula One celebrations“. Now Ferrari, not Champagne, will be served on the podium at […]
#Ferrari $RACE Ferrari (NYSE:RACE) announced this wk that it has published the agenda and the explanatory notes for the 2021 Annual General Meeting of Shareholders (AGM), which will be held virtually on April 15, 2021, beginning at 12:00 Noon CEST. To protect the health and safety of all participants in connection with the Covid-19 outbreak, […]
#Ferrari $RACE “Be fearful when others are greedy, and be greedy when others are fearful” — Warren Buffett A Key way to measure the level of fear in a stock is through we technical analysts call the RSI (Relative Strength Index), which measures momentum on a scale of Zero to 100. A stock is considered […]
#Ferrari #612 #Scaglietti $RACE “From early 2008 the 612 Scaglietti was a Ferrari’s OTO, aka One To One model whereby invited clienti hand-picked colors, materials and options in order to fully personalize their Supercar” — Paul Ebeling The 612 became the basis for 3 Special Edition models. The most notable being the Sessanta built in […]
#Ferrari $RACE Ferrari (NYSE/MTA: RACE) announced Friday that it has published its Y 2020 Annual Report and filed its annual report on Form 20-F, including financial statements for the fiscal year ended 31 December 2020, with the United States Securities and Exchange Commission. Ferrari’s Y 2020 Annual Report and annual report on Form 20-F are […]
#Ferrari #812VS $RACE I am told that he V12-powered 812 Versione Speciale could debut as early as next wk. Ferrari (NYSE:RACE) is known to be quietly serious in regards to new vehicle launches as the Maranello Outfit does not release teasers or even talk about upcoming products. This modus operandi extends to its most faithful […]
#Ferrari #fast $RACE Ferrari has made some fantastic front-engined V12 cars. And 1 of the most important cars in this generation of Supercars is the 550 Maranello. At its time of launch in Y 1996, the 550 was the 1st flagship Ferrari that had a V12 at the front in 23 yrs, with its predecessor being the Daytona, the […]
#Ferrari #F1 #Ecclestone $RACE “F1 Supremo sat under the learning tree of Enzo Ferrari“– Paul Ebeling The former F1 boss, Bernie Ecclestone, 90 anni, says “Ferrari are Formula One“. Mr. Ecclestone, often referred to as the F1 Supremo in his days running F1, served as Chief Executive of the Tier 1 motor sport for 40 […]
#China #LunarNewYear #Ox #gold $XAU $GLD China’s economic recovery from its virus casedemic may offer some encouragement to gold bulls, as expectations are building that jewelry demand will rebound. Jewelry retailers on the Mainland are reporting strong sales recently as consumer are buying online. The slow start to Y 2020 saw demand in China, the world’s biggest […]
#Ferrari $RACE The 1954 Ferrari 750 Monza (pictured above) has been crowned the Winner of The Peninsula Classics 2020 Best of the Best Award. This vintage Ferrari won Best of Show at the Cavallino Classic in Florida in January 2020, it was shortlisted along with a 1929 Duesenberg Model J Town Limousine owned by The Lehrman Collection that was Best of Show at […]
#Ferrari $RACE Tuesday, Ferrari (NYSE:RACE) released its FY 2020 result to the market. The the 1s responders was not positive, shares sold down to 194.24 intraday, or 3.5% to 200 on Tuesday. Citi even turned Bearish! Overall the result was good, even though the factory was shuttered for 7 wks during the virus chaos. Statutory […]
#US #Housing US single family home prices spiked in November at the fastest rate in more than 6+ yrs, driven by demand for more living space as Americans move to and stay close to home during The China Virus chaos. Home prices spiked 9.1% in November compared with 12 months ago, according to Tuesday’s report […]
#economic #growth #housing #emplyment #mega-cap #stocks $DIA $SPY $QQQ $RUTX $VXX Thursday’s action drew support from a better-than-expected housing starts and building permits report for December. The NAS Comp (+0.6%) and S&P 500 (+0.03%) finished at fresh record highs Thursday on the strength in several Mega-caps Apple (NASDAQ:AAPL) 136.87, +4.84, or +3.7% was the most influential mover […]
#Biden #economy #retail #sales #consumer #confidence #spending #aid $DIA $SPY $QQQ $RUTX $VXX “This past Holiday season, consumers stayed home and gauged the prospects of a Biden economy, retail sales sank on the cracks!”— Paul Ebeling US retail sales declined at the close of the Holiday shopping season, wrapping up a difficult year for the […]
#Fed #money $DIA $SPY $QQQ $RUTX $VXX Thursday, Fed Chairman Powell said “now is not the time” to be discussing an exit from ultra-easy monetary policy and promised to give plenty of notice before it begins to debate scaling back its huge bond-buying campaign. “We know we need to be very careful in communicating about […]
#PaulEbeling #WallStreet $DIA $SPY $QQQ $RUTX $SOX $VXX “The Bulls are still running, despite the chaos” — Paul Ebeling Last Week’s Action Stocks ran higher, and the NAS Comp and PHLX Semiconductor Sector (SOX) led the run North The financial market is ignoring any and all bad news and is focused on more stimulus in Y 2021. With some caveats, […]
#NFIB #SmallBusiness #Index “As President Trump fights election fraud, America’s small business men and women remain optimistic”— Paul Ebeling Tuesday’s US economic data review, as follows: The NFIB Small Business Optimism Index came in at 101.4 well above it’s 47 yr average of 98. Productivity in Q-3 increased at a annual rate of 4.6% Unit […]
#cash #RealEstate #residential #sales #service $RLGY Realogy Holdings Corp. (NYSE:RLGY) broke out on 29 October at 11.95 and confirmed on 6 November at 12.24, garnering a Cash Pile Buy rating with a target price of 33.20 into Y 2021. The Key support is at 10.42 and the resistance is Nil as of the 12.24 close […]
#PresidentTrump #VPPence #voters #economy $DIA $SPY $QQQ $RUTX $VXX “The US economy did not recover on its own!”– Paul Ebeling Voters say the economy is the most important issue they are weighing during this Presidential election. The data from the Commerce Department showed that the economy grew by an annualized rate of 33.1% in Q-3, […]
#Fed #states #economises $DIA $SPY $QQQ $RUTX $VXX In September the output strengthened in 39 US states up from August with some of the best gainers concentrated in northeastern territories including Massachusetts, New York, and New Jersey, a Fed proxy showed. Readings weakened in 8 states, with the steepest fall in tourism-dependent Hawaii, and remained […]
#home #sales #existing US existing home sales rose to a more than 14-yr highs in September, boosted by historically low mortgage rates. The National Association of Realtors (NAR) reported Thursday that existing home sales jumped 9.4% to a seasonally adjusted annual rate of 6.54-M units last month, the highest mark since May 2006. Economists polled had forecast sales […]
#Home #loans #economic #recovery #Covid19 “Home loans to reach $3.2-T in 2020, Most in 17 yrs“– Paul Ebeling US home mortgage originations are forecast to total $3.18-T this year, the most since Y 2003, as low rates drive a spike in refinancing and purchases, according to the Mortgage Bankers Association (MBA). Housing activity has soared […]
#PresidentTrump #punters #bettors #risk #markets $DIA $SPY $QQQ $RUTX $VXX “Bookies have seen a flurry of bets over the last few days on the tycoon being re-elected into the White House in the Y 2020 elections“– Paul Ebeling Analysts at JPM (NYSE:JPM) said in a note Tuesday that risk markets in the 1st 2 wks […]
#NewYork #NewYorkers #recover #coronavirus $Z “The impact of The China Act of War Virus continues to weigh heavily on the people in New York”–Paul Ebeling New Yorkers who did not flee the city are hunkering down for the Winter. Prices for apartments in New York City have fallen, and were declining for three consecutive years […]
#Americans #Guns #NICS $SWBI $RGR “The Good Guys will protect themselves from the Bad Guys with Guns“– Paul Ebeling Legions of 1st-time buyers are contributing to record sales for the US gun industry this year driven by disturbing news about the coronavirus chaos, social unrest and the coming Presidential election that they fear could spark […]
#home #sales #NAR US home sales rose at a record pace for a 2nd month running in July and home prices hit a record as historically low interest rates boosted demand for homes even as the C-19 coronavirus chaos put millions of out of work. The National Association of Realtors (NAR) said Friday existing home […]
#gun #sales #C19cronavirus Gun sales in America have spiked in the wake of the coronavirus chaos. Thousands of people, including women and 1st-time gun buyers, have literally cleared the shelves of certain types of firearms and most ammo. With the exception of law enforcement and military, anyone who plans to purchase a firearm can expect to pay […]
#WallStreet #Bullishishness #VIX #coronavirus $DIA $SPY $QQQ $RUTX $VXX The fear on Wall Street is fading, as stocks continue their unprecedented Bull run in the midst of the global coronavirus chaos. The Cboe Volatility Index (VIX), or “fear gauge,” is near its lowest mark since late February and options markets are showing diminishing concerns of […]
#PresidentTrump #economy #comback $QQQ $SPY $GM $F $MMM We are seeing the fastest economic recovery in US history Under President Trump, America built the strongest economy the world has ever seen. The stock market broke and continues to break records, the unemployment rate dropped to its lowest marks in 50 yrs, and income inequality fell as […]
#housing #automobiles #consumers #recovery $DIA $SPY $QQQ $RUTX $VXX Clearly, record low interest rates has helped revive the US markets for housing and autos standouts in the economy as it gains traction. Sales of new homes in June ran at their fastest pace in 13 yrs, leaving builders and the construction workers they employ with […]
#gold #stocks #money #investors #goldbugs #centralbanks #inflation #virus $DIA $SPY $QQQ $RUTX $XAU $GLD #VXX Gold is up 25% this year and traded above 1,897oz, just shy the Y 2011 record high at 1,921. Global stocks measured by the MSCI World index, have recovered almost all of the losses they suffered on the instant recession sell-off brought on […]
#home #sales #prices #inventory #FHFA #NAR #work #C19coronavirus Existing home sales rose by 20.7% M-M in June to a seasonally adjusted annual rate of 4.72-M That is the largest monthly increase on record, although the seasonally adjusted annual rate of existing home sales is still 18% lower than where it stood in February. The Key […]
$DIA $SPY $QQQ $RUTX $$GLD $XAU $VXX The Bulls are clearly in control on Wall Street, but the US stock market sentiment data picture is confusing for many participants now, as there is lots of professional of pessimism about current stock pricing Vs retail optimism. It is a tug-of-war scenario. This shows up in the […]
$TOL $LEN $KB Sales of new homes rose a strong 16.6% in May with the reopening of major parts of the country fueling healthy activity in the US housing market. The Commerce Department reported Tuesday that sales of new single-family homes rose to a seasonally adjusted annual rate of 676,000 last month. That was a much better […]
The US housing market will be in focus this week. Leading up to the C-19 coronavirus chos, the United States housing market was showing incredible resilience, and even promised to be the strongest year since the Great Recession, as home sales at the beginning of Y 2020 reached the highest mark since Y 2008. The […]
$RACE $F $GM $TSLA $JPM The US auto market is back on track as fast as it fell, making the V-shaped recovery real. New vehicle sales and used vehicle prices are recovering in May and June almost as fast as they declined in March and April, according to JPMorgan. “We didn’t call it, nor did […]
$DIA $SPY $QQQ $RUTX $VXX … recently released figures indicate that retail sales in May increased by 17.7%, and that is the biggest monthly gainer ever. This number re-enforces the forecast that a V shaped recovery from the instant recession has begun. This means that as construction reopens we seeing the positives. Housing starts rose […]
$DIA $SPY $QQQ $RUTX $VXX April had a record decline in Americans signing contracts to buy homes, a reflection of the broader shutdown of economic activity in response to the C-19 coronavirus chaos outbreak. The National Association of Realtors (NAR) said Thursday that pending home sales index dove 21.8% from the prior month to a level of […]
$BA Friday, RBC rated Boeing (NYSE:BA) with an “outperform” rating and a $164 price target. But, when the real opportunity presented itself during the C-19 Coronavirus chaos crash the experts were silent. Below 90, BA stock was a blind Super buy. Most of Wall Street missed it, but the Saudi sovereign wealth fund and others bought […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The DJIA is up about 30% from its 23 March low at 18.591.93, the S&P 500 SPX is up about the same per cent from its low at 2,237.40, and the NAS Comp has climbed by 32.5% from its lows of 6,850.67. My work shows the US market will continue rising well […]
American businesses are set up to come back stronger than before this C-19 coronavirus chaps hit. Company executives and strategic planners are/have reimagined business model as they return to full speed. Those who step up their game in this moment will be better off and ready to confront the challenges and opportunities of the next […]
US Faces Down Threat of Coronavirus Americans face down the coronavirus, buy more than 2.5-M guns in March. Gun sales spiked across the United States as the coronavirus pandemic spread, with retailers seeing the highest sales volume in recorded history. The FBI’s firearm background check system conducted a record number of checks last month, 3.7-M, […]
$DIA $SPY $QQQ $RUTX $VXX The US economy grew moderately in Q-4, the government confirmed, and may be facing a rocky road in early Y 2020 on the notion that coronavirus will hobble it, and bring on a recession. The economy grew by an unrevised 2.3% in Y 2019, the slowest annual growth in 3 […]
$XAU $GLD Gold prices ended higher Wednesday following the Fed’s decision to keep interest rates unchanged. The Fed said that job gains have been solid, but inflation remains below the Fed’s 2% objective. The Fed said that household spending is rising at a moderate rate. The Fed will continue to assess the appropriate path of […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Wall Street’s indexes set new records again, The Trump Policies are working President Trump is the main reason for the recent strength in the stock market, more so than the impartial evaluations of how the economy is performing, Nobel-prize winning economist Robert Shiller said during a appearance Sunday. Dr. Shiller […]
US homebuilder sentiment advanced in December to the highest mark since Y 1999 amid stronger sales and a surge in prospective buyer foot traffic. The National Association of Home Builders/Wells Fargo Housing Market Index jumped 5 pts to 76, the biggest monthly increase since the end of Y 2017, and the November figure was revised higher, […]
$DIA, $SPY, $QQQ, $RUTX, $TGT, $VXX Target Corp. (NYSE:TGT) reached a record high after raising its F-Y (full-year) outlook again on strong sales and profitability, providing a safe haven after several retailers unnerved investors. The stock, the best performer in the S&P 500 Index Wednesday, had already soared 68% this year through Tuesday. Target raised […]
$SPY, $USO, $TLT, $JJC The basic argument is that the threat of a possible confluence of easing central banks and simultaneous Dovish trade rhetoric leading to a breakout in the equities market would force a performance chasing FOMO bid among money managers into year end. But part of that thesis was that it would have […]
The US housing market is still benefiting from lower mortgage rates, as more Americans signed contracts to buy homes in September. The National Association of Realtors said Tuesday that its pending home sales index rose 1.5% from August to September to 108.7, its highest level since December 2017. Measured Y-Y, pending home sales have risen 3.9%. Home […]
FLASH: Homeowners enjoy a $9.7-T gain in equity in last 10 years, up from $6.1-T in Q-1 of Y 2009.. “We are lifting up forgotten communities, creating exciting new opportunities, and helping every American find their path to the American Dream, the Dream of a great job, a safe home, and a better life for […]
US new home sales rose in June, but remained below sales marked earlier this year, suggesting low mortgage rates and a healthy job market are not encouraging many more purchases. The Commerce Department said Wednesday that new home sales increased 7% to a seasonally adjusted annual rate of 646,000. That is up from 604,000 in […]
$SPY The US stock market finished lower last week on relatively low volume and volatility. Perhaps it was the pre-conceived negative earnings expectations due to reports released before the results season started that fueled the lackluster price action. Perhaps it was options expiration. Uncertainty over the size of the expected Fed rate cut at the […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The gauge of equities finished flat to unchanged Tuesday, as US Treasury yields moved higher on a stronger-than-anticipated report on US retail sales raised the possibility the Fed might adopt a less Dovish stance. The S&P 500 lost 0.3% Tuesday, led lower by shares of energy and technology companies, while […]
US retail sales increased more than expected in June, pointing to strong consumer spending. The Key takeaway from the report is that it was a solid report overall The report from the Commerce Department on Tuesday did not change market expectations that the FOMC will cut interest rates this month for the 1 st time in a […]
$GS Goldman Sachs (NYSE:GS) economists are skeptical that trade policy uncertainty is a major drag on business investment now. Instead, they are pointing to other economic indicators, which they say are still okay. “The link between economic policy uncertainty and Capex weakens sharply when taking into account financial conditions and company investment spending expectations, which […]
$SPY, $SPX The FOMC meeting next week is shaping up as pivotal for Wall Street, with stocks primed for a selloff should the Fed fail to take an even more Dovish tilt after policymakers raised expectations for a rate cut in recent weeks. The benchmark S&P 500 has rallied more than 5% so far this […]
$TSLA, FCAU, GM FLASH: Tesla’s (NASDAQ:TSLA) stock is at 3 year lows Bernstein analyst Max Warburton says that while there may be some tepid interest in Tesla’s assets, it’s unlikely a European carmaker would buy the company. “What assets are attractive? Tesla no longer has genuinely differentiated tech. The production plant is sub-par. The Gigafactory […]
FLASH: This year’s dive in mortgage rates is giving Americans an incentive to upgrade to pricier houses. One result of falling borrowing costs is that buyers are able to afford bigger mortgages. Those seeking pricier properties are acting now because their choices are increasing, and profits from selling their current home can fund the down […]
US home prices rose at the slowest pace in 6.5 yrs in March, a sign weaker sales are keeping a lid on price increases. The S&P CoreLogic Case-Shiller 20-city home price index rose 2.7% from a year earlier, down from an annual gainer of 3% in February. Price gains in formerly Red-hot cities such as Seattle […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX Stocks drop sharply amid trade tensions, growth concerns, Crude Oil prices drop; weakness in the S&P 500 energy sector, Flight to safety in US Treasuries; 10-yr yield hits lowest mark YTD. US factory activity took a hit this month as the tariff war with China and an overhang of […]
$DIS, $LGF, $TWX MGM’s ‘The Hustle’, pulled in $13.5-M, and eOne and STX’s ‘Poms’, disappointed with $5.1-M. Avengers: Endgame has retained its #1 spotat the domestic box office for a 3rd week running. Marvel’s Endgame earning $61.3-M in NA. The movie’s cumulative global box office is now $2.485-B, now 2nd to James Cameron’s all-time earner, […]
FLASH: More on The Trump Policies ‘working’; Contracts to buy previously owned homes rose to 8-month highs in March, the National Association of Realtors said Tuesday. The NAR’s pending home sales index increased to a reading of 105.8, +3.8% from the previous month and the highest since July. February’s index was unrevised at 101.9. Economists polled […]
Source: Thompson Reuters US home sales fell more than expected in March as rising demand stoked by declining mortgage rates and slowing house price inflation continued to be frustrated by a lack of properties, especially in the lower-priced segment of the market. The report from the National Association of Realtors (NAR) on Monday could temper expectations of […]
Sentiment among US home-builders climbed to a 6-month high in April, another indication that the housing market is gathering momentum during the Key Spring season. The National Association of Home Builders/Wells Fargo Housing Market Index rose 1 point to 63, matching the median estimate in Bloomberg’s survey of economists, on improvements in present sales and buyer traffic, […]
$DIA, $SPY,$QQQ, $RUTX, $VXX FLASH: S&P 500 marks its Best Quarter since 2009 Friday the US stock market liked what it heard: The US and China held “constructive” trade talks in Beijing this week, according to Treasury Secretary Steven Mnuchin and the White House. Trade talks will continue next week in Washington with China’s Vice […]
Sales of new US single-family homes fell in January, suggesting the housing market weakness persisted early in Q-1. The Commerce Department said on Thursday new home sales declined 6.9 percent to a seasonally adjusted annual rate of 607,000 units. December’s sales pace was revised higher to 652,000 units from the previously reported 621,000 units. Economists polled […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Small businesses see bright future ahead Most S&P 500 sectors finish with gains Softening Consumer Price Index for February reinforced notion Fed will be patient US Treasury yields even lower Optimism among small companies in the US improved in February, snapping a 5-month losing streak that was the longest […]
US retail sales ex-automobiles rose slightly in January after a sharp drop in December, reflecting cautious optimism taken by consumers after athe 35 day partial government shutdown. The Commerce Department said Monday that retail sales increased just 0.2%, after a sharp fall of 1.6% in December, the biggest US decliner in 9 years. The economy has […]
FLASH: Sales of new US single-family homes rose 7-month highs in December Other data Tuesday showed an acceleration in growth in the vast services sector in February, powered by a surge in new orders. The moderation in the pace of hiring fits in with expectations of slower economic growth as the stimulus from a $1.5-T […]
More Americans signed contracts to buy homes in January as lower mortgage rates gave the real estate market a boost. The National Association of Realtors (NAR) said Wednesday its pending home sales index rose 4.6% last month to 103.2. The rebound has come as average 30-year mortgage rates have fallen since peaking at nearly 5% in early […]
FLASH: This a Special Report, looking ahead at this leg of the longest Bull run in market history The US Stock Market: The Bulls Vs The Bears Russell 2000 +16.4% YTD NAS Comp +12.6% YTD DJIA +11.0% YTD S&P 500 +10.7% YTD US stocks rallied late last week into options expiration, even as some analysts felt like they should […]
The world’s Top diamond producer by output, Alrosa, (MCX:ALRS) has unearthed a rough diamond weighing nearly 200 carats from its Udachnaya pipe, its largest find in more than 2 years. The 191.46-carat stone, which is white with a slight yellowish tinge, measures 40 mm by 31 mm by 20 mm. It was found earlier this month at the processing […]
The National Retail Federation, the nation’s largest retail trade group, forecasts that retail sales should grow between 3.8 and 4.4% to more than $3.8-T this year as shoppers remain in the mood to spend in a strong US economy and job market. The forecast, released Tuesday, is in line with the 4.6% gain the group preliminarily estimated […]
$BAC US real estate brokers are trying to figure out why sales of existing homes dove in December. US home sales fell to their lowest mark in 3 years in December and house price increases slowed sharply, suggesting a further loss of momentum in the housing market. The weak report from the National Association of Realtors […]
$RACE Ferrari’s (NYSE:RACE) sales mix trended toward its “entry-level” Portofino Supercar in the Q-3 rather than its high-margin Limited-Edition models. The iconic Italian Supercar maker has had a run of record earnings, helped by its higher-margin Special Edition models and a “customisations programme’. Investors have been looking for reassurance that new CEO Louis Camilleri can […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Stocks finished higher Monday, and wrapped up the month and year. Buying conviction was reserved during the session with no news catalysts or economic data to drive investors, that until the last minute buyers came in to drive the indices to near session highs. The trading session is over and so […]
$DIA, $SPY, $QQQ, $RUTX Stocks finished higher on the week, and wrapped up a disappointing month and year. The S&P 500 is off 7% in Y 2018 after peaking with a 10% YTD gainer in late September prior to the consolidation. The Fed’s tightening and heightened uncertainty into Y 2019 have brought valuations on the […]
US consumer spending gathered momentum in November as households bought furniture, electronics and a range of other goods, which could further allay fears of a significant slowdown in the economy. The upbeat data from the Commerce Department on Friday bolstered expectations that the Fed will raise interest rates at its 18-19 December policy meeting, despite moderating inflation […]
Tesla (NASDAQ:TSLA): China is Key to Its Future $TSLA, $GM, $F, $VLKAY, $HMC, $TM China is Key to Tesla’s future, and so it is not surprising that the US-China trade dispute is hitting the company hard. China is Tesla’s largest market outside the US, accounting for about 10% of total revenue in the 1st 3-Q’s […]
‘Black Friday’ Merging with ‘Cyber Monday’ for Record Sales The buying and selling pace that was set Thanksgiving Day carried over into Black Friday as consumers continued to open their wallets at a record-setting rate, according to the latest data. We learned that Friday evening that consumers had spent $4.1-B as of 8:00p ET, which […]
The Chinese will Account for 50% of Luxury Sales by 2025 Chinese consumers remain the focus of luxury goods makers, as a new study by Bain consultancy shows they will fuel nearly half of global high-end sales by Y 2025. Bain said Thursday that Chinese shoppers will account for 46 – 50% of global luxury […]
Now is it is Tesla (NASDAQ:TSLA) Vs the Automotive World $TSLA, $VLKAY, $GM, $F The world’s giant automakers are planning big pushes into EV production, and none bigger than Volkswagen (OTCMKT:VLKAY) is coming up to challenge fledgling Tesla in its tiny 1 plant niche market. Ok, Tesla has sold about 500,000 cars worldwide, which accounts […]
Michigan’s Goal: Build a Lucrative Marijuana Industry from the Ground Up Michigan’s is planning to build a lucrative cannabis industry from the ‘ground up’ with passage of a ballot initiative to legalize recreational marijuana on Tuesday. It could do so by serving as a model for the rest of the Midwest, and possibly beyond. Michigan […]