The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 0.5% in the group’s seasonally adjusted composite index for the week ending June 29. Mortgage loan rate movements were mixed last week.
Bank of America’s (NYSE:BAC) shares suddenly dropped last week, slumping ~6 percent on Tuesday as investors rushed to sell financials and take profits in stocks that have soared since the U.S. election. Republicans also don’t appear to be able to score legislative victories as easily as investors thought, which raises concerns over the sustainability of the Trump rally.
The tax bill passed by the House and Senate still hasn’t been signed by President Trump. But one blue chip company, FedEx, is already touting the potential for a nearly $1.5 billion increase in annual profits due to lower corporate taxes.
FedEx reported its latest quarterly results after the closing bell Tuesday, before the Senate voted to approve the bill.
Despite facing a $400 million budget hole, Delaware is the latest state to repeal its estate tax—as of Jan. 1, 2018. Democratic Governor John Carney Jr. signed a stand-alone estate tax repeal bill today, just two days after signing the 2018 state budget, which includes tax hikes on real estate transfers, tobacco and alcohol.
“The very wealthy don’t have to move down to Florida,”....More>>>
Amazon Inc. (NASDAQ: AMZN) released its most recent quarterly financial results after markets closed Thursday. The e-commerce giant absolutely whiffed on the bottom line, but as we all know historically thats a number that has never really concerned Jeff Bezos.
The company said that it had $0.40 in earnings per share (EPS) and $38.0 billion in revenue, compared with consensus estimates from....More>>>
National Western Life (NASDAQ: NWLI) and Brighthouse Financial (NASDAQ:BHF) are both finance companies, but which is the superior investment? We will contrast the two companies based on the strength of their valuation, earnings, analyst recommendations, institutional ownership, risk, profitability and dividends.
Since the presidential elections in November 2016 we have observed strong impact on the financial markets. The equity markets have risen strongly (SPY +6.3%), especially the financial stocks have done well (XLF +18%). There have been numerous articles on the large US banks and their current financial position and their potential for the future. One group that is a bit overlooked....More>>>
Related Watch These 8 Huge Call Purchases In Thursday Trade Benzinga's Option Alert Recap From July 26 Blue Chips, Tech Stocks Advance With Verizon, Facebook Pushing The Pace (Investor’s Business Daily)
Related INTC Regulators Eyeing Amazon's Whole Foods Acquisition Cryptocurrency Mining....More>>>
Last week, I explained “Why I’m Loading Up On The Most Hated Sector In The Stock Market” – natural gas producers.
With Q1 earnings reports on the books for the SCARE companies – Southwestern (SWN), Cabot (COG), Antero (AR), Range (RRC) and (EQT) – there’s plenty of news to follow up on. In this article, I’ll review the notable highlights from....More>>>
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In late July, I published Volaris: Entering Bumpier Airspace. Since then, shares of Mexican discount carrier Volaris Aviation (NYSE:VLRS) are down 22%, falling from $19 to $14.80. It's time to take profits on that short position, if still involved, and consider switching to the bullish side of th
Italian stock and bond prices finished lower Tuesday, weighing on the broader European equity bourses, as the countrys new prime minister outlined the coalition governments vision for the eurozones third-largest economy.
However, European tech stocks overall were pushed to a multiyear hig
Q2 (NYSE: QTWO) and Mobileye (OTCMKTS:MBBYF) are both computer and technology companies, but which is the superior stock? We will compare the two businesses based on the strength of their analyst recommendations, profitability, institutional ownership, dividends, earnings, valuation and risk.