Company Overview and News
Author's note: This article was released to members of the Cambridge Income Laboratory one month ago.
Chicago, IL – November 15, 2017 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog includeGuggenheim Solar ETF (TAN - Free Report) , First Trust Nasdaq Semiconductor ETF (FTXL - Free Report) , iShares U.S. Home Construction ETF (ITB - Free Report) , SPDR S&P Oil & Gas Exploration & Production ETF (XOP - Free Report) and iShares Dow Jones US Technology ETF (IYW - Free Report) . (227-0)
The Q3 earnings season has reached its tail end, with 90.3% of the S&P 500 index market capitalization that has reported so far up 6.8% on 6.2% revenue growth. The beat is impressive with 73.4% surpassing EPS estimates and 67% coming ahead of top-line expectations. Revenue growth represents acceleration and is widespread. However, the auto and utility sector posted a revenue decline, and an earnings growth rate is lower than the historical periods. (439-1)
Chicago, IL – November 9, 2017 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include SPDR S&P Aerospace & Defense ETF (XAR - Free Report) , First Trust RBA American Industrial Renaissance ETF (AIRR - Free Report) and iShares U. (30-0)
Trump no doubt has fueled strong optimism in the economy in his one-year of victory with his proposed pro-growth agenda aimed at accelerating economic growth, reducing regulation, increasing spending, slashing taxes, and boosting jobs and corporate profits. However, many of his policies are in a political gridlock, which is the biggest drag in his administration. Trump’s Achievements to the Economy The U. (58-0)
The U.S. economy has been on a solid growth path since spring. This is especially true given that U.S. GDP growth expanded 3% annually in the third quarter following 3.1% growth in the second quarter. This represents the best back-to-back quarters of at least 3% growth since 2014. The growth was driven by increase in consumer spending, inventory investment and business investment amid two devastating hurricanes Harvey and Irma that dampened activities across Houston area in late August and Florida in early September.
Chicago, IL – Oct 25, 2017 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include iShares U.S. Home Construction ETF (ITB - Free Report) , PowerShares Dynamic Semiconductors Fund (PSI - Free Report) , PowerShares S&P SmallCap Quality Portfolio (XSHQ - Free Report) , Innovator IBD 50 ETF (FFTY - Free Report) and First Trust NASDAQ-100-Technology Sector Index Fund (QTEC - Free Report) . (42-0)
Shares of Caterpillar (CAT - Free Report) soared to a new all-time high on Tuesday after the company reported better than expected third-quarter results and upbeat fourth-quarter guidance, pulling much of the construction and equipment industry—including Thor Industries (THO - Free Report) and United Rentals (URI - Free Report) —up as well. (90-0)
After fizzling out in summer, Trump trade resurfaced with the long-awaited tax cut talks last month. In fact, the President proposed the biggest U.S. tax overhaul in three decades that would make America more competitive (read: 6 ETFs Set to Win on Trump's Tax Reform). The plan calls for lowering corporate income tax rates from 35% to 20% and reducing the number of income tax brackets from seven to three.
Throughout the bust and the ensuing recovery in residential housing, the performance of homebuilder stocks has closely tracked the trend in Housing Starts and Building Permits. Below, we highlight this relationship by comparing the iShares U.S. Home Construction ETF (NYSEARCA:ITB) to the three-month moving average of Housing Starts and Building Permits. The relationship between the two is so strong that the correlation coefficient between monthly Housing Starts and the closing prices of ITB is 0.
The Q3 earnings season is underway with major banks set to report this week. Earnings for the S&P 500 index are expected to grow 2.3% from the same period last year on 5% higher revenues, as per the latest Earnings Trends. However, earnings growth is on track to be the lowest this year after double-digit growth in each of the first two quarters and with high single-digit expected earnings growth in the last quarter. (247-0)
Chicago, IL – October 10, 2017 – Today, Zacks Equity Research discusses the Industry: Homebuilding, Part 1, including SPDR S&P Homebuilders ETF (NYSEARCA:(XHB - Free Report) – Free Report), iShares U.S. Home Construction ETF (BATS:(ITB - Free Report) – Free Report), KB Home (NYSE:(KBH - Free Report) – Free Report), Lennar Corporation (NYSE:(LEN - Free Report) – Free Report) and PulteGroup, Inc. (142-0)
2017 has been a banner year for some U.S. metropolitan housing markets. And while there have been a few laggards among major cities, nationwide housing prices remain buoyant as the real estate recovery continues.
The U.S. housing market lost momentum after Hurricanes Harvey and Irma damaged properties in Texas and Florida. Though rebuilding efforts will definitely raise demand for construction and remodeling, it would worsen the already-existing labor shortage and push up cost of materials thereby impacting profitability of homebuilders (read: What Investors Need to Know About Homebuilding ETFs Post Irma). Downbeat Data As a result, homebuilder confidence slipped to 64 in September from 68 in August as indicated by the National Association of Home Builders/Wells Fargo sentiment index, suggesting a less optimistic view for future sales. (72-0)
In the trade-off between Risk and Reward, these are the best two ETFS in the category of Narrow Industry funds (36 alternatives).
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