The U.S. housing market may have bottomed, according to some real-estate analysts, citing multiple data points. What Happened: Housing demand was beginning to grow while the supply of homes for sale remains limited, said Altos Research CEO Mike Simonsen. This week, available inventory dropped to 457,000, with new listings volume lower than last year at just 52,000.
Spirit Airlines Incorporated shares are trading marginally lower by 0.96% to $19.55 Monday afternoon. Traders and investors are watching for the company's fourth-quarter earnings report, confirmed for after the market close. According to analyst consensus estimates, Spirit Airlines is expected to report revenue of $1.38 billion on EPS of 4 cents.
Apple Hospitality REIT Inc. is a hotel and motel real estate investment trust hitting new highs this week. On Feb. 2, following the Federal Reserve's announcement that the funds rate would go up by 0.25% rather than 0.5%), the markets rallied, REITs rallied and so did Apple Hospitality.
An extremely tight labor market, coupled with historically low unemployment and high demand for workers put upward pressure on wages and prices, with inflation reaching 6.2%. Despite those conditions, a recession was on the horizon as the Federal Reserve tightened monetary policy to curb inflation and slow down the economy.
In a turnaround from 2022, analysts have again begun to show improved regard for real estate investment trusts. Analysts have also been increasing their price targets on REITs in subsectors across the board. Take a look at three REITs that are benefitting from recent price target hikes: SL Green Realty Corp. is an office REIT -- and the largest office landlord in New York City.
The most recent NFIB is sending a strong signal of an economic recession. As in 2019, we see many of the same warning signals from the NFIB survey again combined with a high percentage of yield curve inversions. A surge of analysis suggests the economy may have a "soft landing," or rather, avoid a recession, due to the solid monthly employment reports.
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. Apollo Comml Real Est's earnings per share for Q3 sits at $0.37, whereas in Q2, they were at 0.35. Its most recent dividend yield is at 12.01%, which has decreased by 0.04% from 12.05% in the previous quarter.
It was hardly a slow-news weekend as the U.S. took some coercive action on the Chinese spy balloon hovering in its airspace, and Turkey and Syria suffered a horrendous earthquake that claimed hundreds of lives.
Prominent market commentator Jim Cramer reportedly said the January jobs report shows the economy will remain resilient, despite the Federal Reserve's interest rate hikes. What Happened: "If the Fed Chief wants to raise interest rates quarter after quarter, this economy can actually handle it.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
Log In Required
Line of Credit Log In Required