The Denver market felt the December slow this year with homes closed, new listings and inventory all down. Check out below to see how the Denver area housing market performed in December: Data from ReColorado from December 1, 2021 to December 31, 2021. Monthly Sales The monthly sales numbers in the Denver area decreased, landing… Read more »
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What is Carvana? It lets you skip the hassle of the dealership and cruise through the car buying experience online.
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
If youâre in the market to buy a home or refinance an existing mortgage, you know conditions arenât ideal at the moment. Heck, the 30-year fixed was pricing about a percentage point lower just a month ago, so that alone is enough to drastically change the calculus. Today, youâre looking at a 4%+ mortgage rate… Read More »Monthly Mortgage Payments Have Just Hit the Highest Level on Record, Surpassing Housing Bubble Heights
The post Monthly Mortgage Payments Have Just Hit the Highest Level on Record, Surpassing Housing Bubble Heights appeared first on The Truth About Mortgage.
Walmart (WMT, $137.09) will headline this week’s busy earnings calendar, with the discount mega-retailer set to unveil its fourth-quarter results ahead of Thursday’s open.Â
“Fourth-quarter earnings season has continued to show that corporate sentiment is focused on labor shortages, supply chain related issues and ability to manage inflation,” says Gargi Chaudhuri, head of iShares Investment Strategy, Americas. And all three themes are likely to be front and center in WMT’s 4Q report.
Yes, higher supply chain costs and inflation will likely be drags on Walmart’s quarterly results, says UBS analyst Michael Lasser (Buy). “That said, we believe that WMT benefited from fewer markdowns and increased contributions from ad revenues.”
Lasser also believes the Dow Jones stock picked up some additional market share in Q4.Â
Why?Â
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WMT was “well-positioned to capture holiday demand, and its everyday low prices strategy likely attracted incremental consumers as inflation remained elevated,” the analyst writes in a note. “Its gross margin was likely impacted by supply chain costs and not fully passing along inflation, though our expectation for a strong top line and a reduction in COVID costs should have provided meaningful SG&A [selling, general & administrative] leverage.”
Elsewhere, BofA analysts (Buy) project a solid fourth quarter for Walmart too, especially on the heels of an impressive third quarter which saw the retailer post U.S. same-store sales growth above 9%.Â
Also helping WMT is its “strong inventory positioning (supported by more favorable port access, long-term container shipping agreements and chartered vessel capacity) that likely supported share gains vs. smaller competitors this holiday,” they write.Â
Analysts, on average, are expecting Walmart to report fourth-quarter earnings of $1.49 per share, +7.2% year-over-year (YoY) and revenue of $151.5 billion, a marginal decrease from the year-ago period.
Shopify (SHOP, $885.83) stock was not immune to the early 2022 selloff, with shares down nearly 36% for the year-to-date.
Can the e-commerce company’s fourth-quarter earnings report â due out before the Feb. 16 open â spark some much-needed upside in the shares?
Analyst earnings per share (EPS) estimates are broad, coming in at 74 cents per share on the low end and $2.64 per share on the high end. The consensus estimate is for SHOP to report fourth-quarter EPS of $1.58, unchanged from the year prior. Revenue is expected to arrive at $1.69 billion (+72.9% YoY).
“We expect Shopify will report a solid end to calendar year 2021 as the company continues to benefit from new merchant growth and the shift to online commerce,” says Deutsche Bank analyst Bhavin Shah (Hold).
However, the analyst will be watching for any commentary related to a potential shift in the company’s Shopify Fulfillment (SFN) strategy, which has been key to SHOP’s investment thesis, according to Shah.
Wedbush analyst Ygal Arounian will also be watching for SFN updates, as it is expected to be a bigger contributor in 2022. As for SHOP’s Q4, he expects the company to post solid results, “with stronger growth earlier in the quarter offsetting slower overall Black Friday/Cyber Monday and December spend.”
What’s more, even with the stock’s early 2022 slump, “Shopify continues to take share of e-commerce and is the best operator in the space,” Arounian writes. He has an Outperform (Buy) rating on SHOP.
DraftKings (DKNG, $23.64) stock has been trending lower since its mid-March peak near $74. All told, shares are off about 68%, but Morgan Stanley analyst Thomas Allen sees this as a buying opportunity.
Certainly there are some near- and medium-term profit concerns, but investors “should not ignore that DKNG is a leading market share player in what will be a very large profitable market,” Allen says.
Needham analysts Bernie McTernan and Chris Pierce seem to agree. “We see DKNG as a leader in the emerging North America online gambling market, a $35B market opportunity,” they write in a note. “We are bullish on the potential for near-term market access gains, per capita spending continues to ramp in existing states and DKNG maintains its first or second place position in all states.”
The sports betting company will report its fourth-quarter results ahead of the Feb. 18 open. Analysts, on average, expect DraftKings to report a per-share loss of 78 cents, a dime wider than the 68 cents per-share loss it recorded in the year-ago period. On the top line, Wall Street pros are targeting $445.1 million (+38.1% YoY).
The much-awaited consumer price index (CPI) reading for January more than lived up to its billing, jumping by the fastest annual rate in four decades. Wall Street ultimately sold off on the news, but only after a few hours of waffling.
The Labor Department said Thursday that consumer prices rose by a whopping 7.5% annually in January, easily exceeding economists’ estimates of 7.2% â the sharpest such increase since February 1982.
The headline number was driven by steeply higher prices for food and energy, but even “core” CPI, which backs out groceries and gasoline, was up 6.0% annually.
That in turn heightened expectations of a more aggressive approach from the Federal Reserve to tamp down inflation.
“The odds of a 50-basis point hike jumped to around 50/50 and the yield on the 10-year Treasury is now trading around 2%,” says Brian Price, head of investment management for independent broker-dealer Commonwealth Financial Network. “Investors may want to buckle up. It could be a rough ride for risk assets until inflationary data starts to abate, and I expect that it will, as we move through the year.”
However, Bill Adams, chief economist for Comerica Bank, notes that while price gains continued to overshoot the Fed’s target last month, fundamental drivers of inflation are beginning to improve.
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“Remember, a big part of the surge in prices was from shortages, and the economy is making big strides to reduce shortages,” he says. “Businesses made a huge inventory build in the fourth quarter of last year, and surveys (ISM, NFIB) show that businesses continued to grow inventories, worked through order backlogs, and see less supplier delivery delays in January.Â
“Over time this will show up in inflation, but it wasn’t enough to help in January.”
A little more encouraging was the latest unemployment-benefits data, which showed 223,000 filings for the week ended Feb. 5, below 230,000 expected.
Stocks finished lower but hardly got there in a straight line; they opened well in the red, then flirted with gains an hour later before their legs gave out for the rest of the day. The Nasdaq Composite (-2.1% to 14,185) led the way lower, helped by sizable declines in its largest components, Apple (AAPL, -2.4%) and Microsoft (MSFT, -2.8%). The S&P 500 was off 1.8% to 4,504, and the Dow declined 1.5% to 35,241.
YCharts
Other news in the stock market today:
It was hard to find much that “worked” today: Every equity sector was lower, bonds turned tail, and popular gold and oil funds even managed to close in the red.
So it’s natural, given 2022’s market moves, to be worried about inflation’s effect on your investments â and you’d hardly be alone.
Charles Schwab today released its latest Trader Sentiment Survey, based on answers collected from Charles Schwab and TD Ameritrade traders in early to mid-January. And it showed that while overall, market optimism is prevailing, consumer prices are on nearly everyone’s mind.
“Bulls outnumber bears among active traders, with 46% reporting a bullish outlook for the U.S. stock market for the first three months of the year compared with 39% who are bearish,” Charles Schwab says. “But nearly nine out of 10 (88%) traders are concerned about inflation, and many are taking action to hedge against it.”
If there’s any good news, it’s that no matter how you prefer to invest, you have plenty of hedges against the two predominant worries of the day â inflation and resultant rising Fed rates â at your disposal.
These five mutual funds, for instance, are designed to protect against the market impact of climbing consumer prices. And these seven ETFs feature equities and bonds that can mitigate the effects of (or even benefit from) steadily rising interest rates.
We have stock investors covered, too. These five stocks represent five different sectors that traditionally have managed to weather inflation better than their peers, combining to form a protective mini-portfolio of sorts.
Did you vow to to read more books in 2022, possibly shamed into it by all those people on social media claiming to have read a book a week in 2021? Book lovers, you can always save your dollars by using your local library and apps like Libby, but thereâs something satisfying about having a [â¦]
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
Take this quiz and figure where you should live in Phoenix.
The post Where To Live in Phoenix [Quiz] appeared first on The Rent.com Blog : A Renterâs Guide for Tips & Advice.
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
The cloud computing market is growing at a massive pace â with the ongoing pandemic only spurring demand for cloud solutions and services. This, in turn, has investors turning to cloud stocks as a potential source for profits.
Cloud computing as an industry is only 15 years old, and can be traced back to when Eric Schmidt, then-CEO of Google, introduced the term at an industry conference.
Of course, a lot has changed since 2006.Â
Today, cloud computing is a $445.3 billion industry, according to market data firm ReportLinker. And it’s expected to grow to $947.3 billion by 2026. That works out to a compound annual growth rate (CAGR) of 16.3%. And when it comes to an industry of that size, it’s no surprise many investors are looking to get exposure to it via cloud stocks.
Additionally, many of these cloud computing companies are innovating â bypassing a global semiconductor shortage by making their own chips, according to The Wall Street Journal. This means, of course, that cloud stocks might have even more to offer investors as the years go on.
With plenty to look forward to in this high-growth industry, here are seven of the best cloud stocks to buy for 2022. Included on this list are some of the biggest users and providers of cloud services, as well as some relative newcomers. And all of the names featured here are well-liked by the analyst community.