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Slow Pace In Home Price Growth Has Some Analysts Concerned

Joe Samuel

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There has been a consistent halt in the growth of home prices year after year. Standard & Poor’s S&P CoreLogic Case-Shiller national home price index reported a drop of 4.2% from the previous month on Tuesday and suggested an annual gain of a mere 4% in February. Whereas, the 20-City Composite posted a 3% year-over-year gain, down from 3.5% in January. These results prove the industry could be at an impasse as analysts estimated 3.9% annual gain and 2.95% annual gain for national and 20-City, respectively. This is the 11th straight month of hard-hitting deceleration.

David M. Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices, said in a press release, “The pace of increases for home prices continues to slow. Homes began their climb in 2012 and accelerated until late 2013 when annual increases reached double digits. Subsequently, increases slowed until now when the National Index is up 4% in the last 12 months.”

Economists Are Tense

The deceleration has made economists and realtors tense as they are struggling hard to find the core reason behind the decline. According to a renowned economist at National Association of Realtors, Lawerence Yun, pending home sales, which is a key component to calculate how the housing market will fare, has been fluid over the past few months. He further went on to say that the numbers will rise.

Going by the reports of the National Association of Realtors, pending home sales saw an upswing of 3.8% in March in comparison to the previous month but has witnessed a fall of 1.2% from a year ago.

Another chief economist, Mike Fratantoni said in a statement at the Mortgage Bankers Association, “The increase in pending home sales in March aligns with the rise in purchase applications we reported for the month. The strengthening job market, combined with lower mortgage rates and increased housing supply in many markets, helped more prospective buyers find a home last month. In short, conditions are ripe for further sales increases in the coming months.”

U.S. Home Sales Jump 4.50%

However, according to the data released by the U.S. Commerce Department, the sales of new U.S. homes increased by 4.5% in March. This was the third straight monthly gain and the strongest since November 2017. This appears to be a positive sign of recovery for the housing market from a home-buying slump. The sale of the New- Home was 1.7% higher in the first three months of 2019 in comparison to the same period a year ago. “Sales of existing single-family homes have recovered since 2010 and reached their peak one year ago in February 2018,” said Blitzer. “Home sales drifted down over the last year except for a one-month pop in February 2019.”

With an annual growth of 9.7% in the 20-City Composite, Las Vegas has recorded the fastest annual price growth since June 2018. This overtook Seattle. Despite this, the price growth has stagnated. Putting it in the words of Blitzer, “Last year, the largest gain was 12.7% in Seattle. Regional patterns are shifting. The three California cities of Los Angeles, San Francisco, and San Diego have the three slowest price increases over the last year. Prices generally rose faster in inland cities than on either the coasts or the Great Lakes. Aside from Las Vegas, Phoenix, and Tampa, which saw the fastest gains, Atlanta, Denver, and Minneapolis all saw prices rise more than 4% — twice the rate of inflation.”

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Blackberry Stock Price Corrects 23% In A Month, A Value Buy?

Jon Phillip

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There was a time when BlackBerry Limited (BB) used to be one of the leaders of the telecommunication industry by virtue of its smartphones. However, the company’s glory days are well in the past and the stock declined by more than 15% recently after it released its results for Q1 2019. The stock is now trading less than $8 but at the same time, it is important to note that the company has managed to deliver as far as its top-line figures are concerned.

Poor Earnings Lower Blackberry Stock Price

The software and services division is now the company’s most important division. It has emerged as the biggest revenue generator for the Canadian company. Overall sales for Blackberry rose 16% year over year in the latest reported quarter.

Special Report | On-Demand Tech Companies Hit Billion-Dollar Valuations; Here’s How Investors Can Capitalize In The Market

However, in the software and services, it was a far more pleasing picture. Its GAAP revenues rose 27% year over year. The company seems to be on the right track in terms of its plan to turn around. But the market doesn’t seem to take a fancy to it. The reasons behind this might have something to do with allegations made by certain parties.

They say that the company uses non-GAAP methods to report earnings. If there is any kind of accounting cloud over a company, growth may be far away.

Where Does This Leave Blackberry Stock Price?

However, Blackberry has been quick to defend itself against these allegations. Financial disclosures of the company are fully SEC compliant. It remains to be seen whether the SEC takes an interest in the matter.

This problem has been the biggest reason behind the underperformance of Blackberry stock price. That’s despite the company’s decent performance. The acquisition of machine learning company Cyclane is also a positive development. But it remains to be seen how it affects Blackberry’s future growth.

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Uber Technologies (UBER) Stock Price Hits $45 Mark Again; Are Delivery Stocks Set To Fly?

A. Lawrence

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Uber Technologies (UBER) stock price hit its IPO level of $45 again. Since its IPO, this becomes the fourth time that the company has hit its $45 mark. Each time it has been a real challenge for the company to rise above the IPO price.

Uber has made its name through its market dominance however it’s growth continues to be slow-paced and also has continuous losses, making Uber less attractive to many. However, the thing that Uber has done is bring more attention to the on-demand and delivery stock arena.

Special Delivery: Small-Cap Delivery Stocks Are Gaining Ground In Cannabis

Driven Deliveries Inc. (OTC: DRVD) is one of the only publicly traded cannabis delivery service operating in the United States. Now that’s what we call first-mover advantage. Driven Deliveries provides on-demand marijuana delivery in select cities where allowed by law. The service provides the legal cannabis consumer the ability to purchase and receive their marijuana in a fast and convenient manner.

>>Read More>> Two Massive Growth Industries, One Choice for Investors

Consumers are growing increasingly lazy with most of all purchases from retail to food shopping being done online. And now you can add weed to that list. Driven Deliveries (OTC: DRVD) is quickly gaining steam in legal US markets as the new delivery option for customers is resulting in increased revenue and transactions for dispensaries.

Food delivery apps and services such as GrubHub and Uber Eats have already expanded revenue generated in the food-service industry by 22% or more. Consumers love getting what they want without having to leave their house to get it, plain and simple.  

In Spite Of Being A Broken IPO, Still Worth An Investment

Cannabis is just one small niche expanding into the on-demand technology market. Uber has always managed to capture the headlines. This week it did that by launching itself in the sixth German city, Hamburg. The company further has plans to acquire Postmates which gives UberEats a heavy competition provided the price is right.

McDonald’s exclusivity with Uber also came to an end this year with the former getting into a contract with DoorDash. The company is set to report its financial results for Q2 on August 8. Uber had given accounts of its earlier performance through the prospectus issued during the IPO.

UBER stock price has been trading at $40 range since June. But, the figure is likely to change in the coming future for better. Uber has been able to disrupt various markets like those of food delivery, personal mobility, and freight logistics. In Q1 results, the company had reported 93 million monthly active platform consumers.

The revenue of the company has been on a slow rise especially on a net basis. The company sends a major portion of the money received to its drivers to keep them encouraged and active. This is a move that is not going away anytime soon. The deep deficits could also prove to be advantageous for the company.

Even though Uber looks like a broken IPO, it still leads in its industry. The concerns with the valuation persist still for good reasons. Uber continues to ride at a market cap which is five times the current year’s revenue. But, one would have to wait till 2025 to see a positive earning in the growing market.

Uber stock price
Disclaimer: Pursuant to an agreement between MIDAM VENTURES, LLC and a third party, Data Marketing Solutions Inc., Midam was hired for a period from 04/22/2019 – 5/22/2019 to publicly disseminate information about Driven Deliveries Inc. including on the Website and other media including Facebook and Twitter. We were paid $50,000 (CASH) for & were paid “0” shares of restricted common shares. Midam has been paid an additional $50,000 and extended its contract to 6/15/2019. Midam has been paid an additional $50,000 and extended its contract to 7/15/2019. We may buy or sell additional shares of Driven Deliveries Inc. Inc. in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information.

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Stock Price Friday Update – July 19, 2019

Joe Samuel

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stock market news July

ROKU Stock Price Hits Another Life Time High: Good News For Tech Stocks?

In 2019 alone, ROKU stock has risen by as much as 271% as the company continued to add new customers and boosted revenues from advertising. However, could the latest surge be a signal for the next bull market in tech?

See For Yourself


3 Biotech Stocks To Watch After Big News This Month

Here is a look at 3 biotechnology stocks that proved to be winners recently.

Click Here To Read More


IPO News: Medallia Goes Public On Friday, July 19

Over 14 million shares of the company will be available to be traded at $16 to $18 per share on NYSE. And of course, investors will be watching MDAL stock price closely. Bank of America Merrill Lynch, Citigroup, and Wells Fargo Securities will oversee the IPO.

Click Here For Full Article

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