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Economy

“Oil jumps more than 10% for the week following OPEC meeting, decline in U.S. inventory”

“Oil prices were mixed on Friday after a Libyan commander said a blockade on the country’s oil exports would be lifted for a month, while a declining U.S. equities market also weighed on futures… Brent fell 55 cents to $42.75 a… Continue Reading…

Stocks

“7 Nasdaq Stocks You Need To Buy Before They Bounce Back Up”

“With the sector finally in a correction, it’s time to start loading up on these seven Nasdaq stocks to buy: Avalara (NASDAQ:AVLR) Duck Creek Technologies (NASDAQ:DCT) ZoomInfo (NASDAQ:ZI) Cisco (NASDAQ:CSCO) Datadog (NASDAQ:DDOG) Costco (NASDAQ:COST) Nasdaq (NASDAQ:NDAQ) While there will be some slowdown in this trend as the… Continue Reading…

Stocks

“Wells Fargo: 3 Stocks That Could Climb Over 50%”

“Houghton Mifflin (HMHC)… Based on all of the above, Warmington rates HMHC an Overweight along with a $5 price target. Should his thesis play out, a potential twelve-month gain of 121% could be in the cards… Gap (GPS)… It should… Continue Reading…

Stocks

“Buy General Electric at $6.50 Before It Jumps 150%”

“After a disappointing summer, General Electric (NYSE:GE) finally looks set to recover… The QSR scores have been quick to spot GE’s comeback. Over 60% of the firm’s revenues now come from its high-margin aviation and medical businesses. Its loss-making renewable energy segment… Continue Reading…

Stocks

“Kodak jumps 40% after D.E. Shaw discloses stake in the company”

“Eastman Kodak’s recent roller-coaster ride continued on Tuesday as shares surged 40% on the back of D.E. Shaw establishing a position in the company. A filing with the Securities and Exchange Commission on Monday night showed that the hedge fund has… Continue Reading…

Real Estate

“July pending home sales jump over 15% annually, as properties go under contract in record time”

“Pending home sales, which measure signed contracts to purchase existing homes, increased 5.9% in July compared with June, according to the National Association of Realtors. Sales were 15.5% higher annually “We are witnessing a true V-shaped sales recovery as homebuyers… Continue Reading…

Economy

“U.S. durable-goods orders leap 11.2% in July on strong demand for cars and trucks”

“Orders for durable goods lasting at least three years surged 11.2% in July largely because of strong consumer demand for new cars and trucks, but business spending outside the auto industry was softer and investment grew more slowly. The increase… Continue Reading…

Real Estate

“U.S. home construction jumps 17.3% in June”

“Construction of U.S. homes jumped 17.3% in June as some states reopened… The Commerce Department reported Friday that new homes were started at a seasonally adjusted annual rate of 1,186,000 in June after a modest recovery in May followed steep… Continue Reading…

Stocks

“Twitter stock jumps on potential subscription platform”

“Shares of Twitter jumped more than 8% in morning trading Wednesday after the company posted a job listing saying it was building a subscription platform under the code name “Gryphon.”  The company revealed little about the new platform, though it said it will work… Continue Reading…

Economy, Real Estate

“Mortgage delinquencies surge by 1.6M in April, the biggest monthly jump ever”

“Delinquencies among borrowers for past-due mortgages are soaring, a sign that Americans are struggling to pay their bills amid a wave of layoffs and lost income from the coronavirus pandemic. Mortgage delinquencies surged by 1.6 million in April, the largest… Continue Reading…