Foreclosures | Mortgages | Financing
Real estate investment trusts are saying so long to being bundled with “financials” in their industry classification, getting their own new category called, no shocker here, “real estate.” Investors demand is expected to surge. Ready. Set. Go. …read more
From:: Real Estate Wire
The number of homes in some stage of foreclosure and the number of seriously delinquent mortgages are now at levels not seen since late 2007, according to a new report from CoreLogic. What’s behind the drop? Read on to find out. …read more
From:: Real Estate Wire
The U.S. Energy Information Administration on Tuesday raised its 2017 estimate for U.S. crude-oil production and forecast for West Texas Intermediate crude prices. In its monthly energy outlook report, the government agency forecast an average U.S. crude output of 8.19 million barrels a day for 2017, up from a prior estimate of 8.04 million. The EIA left its estimate for 2016 at 8.6 million barrels a day. WTI prices are seen at $50.65 a barrel next year, up nearly 25% from the previous estimate of $40.58, the EIA said. WTI prices were trading at $44.48 a barrel Tuesday, up $1.04, or 2.4%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Appraisal volume continues to struggle to lift-off this spring. With more than half the season already over, volume fell for the week of May 1. Kevin Golden, director of analytics with a la mode, attributes the tough spring season to these factors. …read more
From:: Real Estate Wire
Stonegate Mortgage didn’t get away from the financial impact of the first quarter’s historically low interest rates, which already dented the performance of most other lenders. But the results weren’t fully marred by bad news. Here’s one area where the lender performed better. …read more
From:: Real Estate Wire
Bats Global Markets Inc. , an exchange operator that went public on April 15, was initiated Tuesday at equal weight at Barclays and neutral weight at Citigroup. Barclays analysts gave the company a $25 price target and said that the company has a big positive of diverse revenue avenues with ETFs, options and currencies. But the Citi analysts say the company already has a high valuation, which the company has to grow into by executing at a high level. Citi analysts gave the company a $29 price target and also spoke to the diverse growth revenues, as well as the expectation that shares would pull back after the IPO bounce. Shares of Bats have gained 7% in the past month-to-date, compared to the S&P 500’s gain of less than 1%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Hasbro Inc. was downgraded Tuesday to neutral from overweight at Piper Jaffray on the analyst’s belief that the company’s shares are fairly valued on a seasonal basis. The price target remains at $88. “Among consumer product sectors, trading seasonality is highly pronounced in the toy industry, with stocks outperforming from January to May, volatile from June to September and typically vacillating postive/negatively surrounding the holidays based on product level catalysts and category drivers,” the bank wrote in a note. Analysts say there’s a “rally” around the third quarter, with December usually one of the worst performing months. Piper Jaffray analysts believe Hasbro is in a good position going into the second half of the year with Star Wars and Disney Princess businesses working in its favor, and said the multi-year view is positive. But they “are reluctant to further stretch expectations.” Hasbro shares are down 0.2% in Tuesday trading, but up 27.5% for the year to date. The S&P 500 is up 1.5% for the year so far.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Hasbro Inc. was downgraded Tuesday to neutral from overweight at Piper Jaffray on the analyst’s belief that the company’s shares are fairly valued on a seasonal basis. The price target remains at $88. “Among consumer product sectors, trading seasonality is highly pronounced in the toy industry, with stocks outperforming from January to May, volatile from June to September and typically vacillating postive/negatively surrounding the holidays based on product level catalysts and category drivers,” the bank wrote in a note. Analysts say there’s a “rally” around the third quarter, with December usually one of the worst performing months. Piper Jaffray analysts believe Hasbro is in a good position going into the second half of the year with Star Wars and Disney Princess businesses working in its favor, and said the multi-year view is positive. But they “are reluctant to further stretch expectations.” Hasbro shares are down 0.2% in Tuesday trading, but up 27.5% for the year to date. The S&P 500 is up 1.5% for the year so far.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
OPEC member Kuwait is targeting an almost 50% increase in oil production over the next four years in a bid to secure future economic growth for the oil-dependent nation, a Kuwaiti oil official said on Tuesday. Speaking at the Platts Crude Oil Summit in London, Abdulaziz Al Attar, head of research at state-owned Kuwait Petroleum Corp., said the country aims at producing 4 million a barrels a day by 2020 and maintaining that level through 2030, reiterating its goal of ramping up production. Such an increase would mark a 44% jump on Kuwait’s output of 2.77 million barrels a day in March, according to the latest monthly report from OPEC. It would also be the country’s highest output level ever, according to Bloomberg data. “We also intend to provide fuel stock capabilities to counter for seasonality and domestic energy demand,” Al Attar said at the conference. The comments come after a three-day strike in Kuwait sent its oil production tumbling to 1.5 million a day in April. However, Al Attar brushed off concerns that similar events would significantly impact production in the future. “I don’t think there will be any future risks of strikes,” he said. The oil representative said Kuwait plans to grow domestic refining capacity to 1.4 million barrels a day and boost international cooperation.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
U.S. stocks opened higher Tuesday as rising oil prices boosted energy shares. The Dow industrials gained 90 points, or 0.5%, to 17,789. The S&P 500 rose 8 points, or 0.4%, to 2,067. The Nasdaq Composite climbed 15 points, or 0.3%, to 4,766.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News