Pending home sales jump 6.1% in May
Pending home sales, the number of contracts to purchase previously owned U.S. homes, jumped in May. The pending home sales indexed climbed 6.1% in May, according to the National Association of Realtors. That’s the biggest jump since April 2010. It follows on an anemic 0.5% increase in April that raised fears that the U.S. housing sector had stalled.
Trick or trend: What are the best sectors for an aging bull market?
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Schlumberger’s investors day explains why this oil services company should be valued as a global technology leader
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Monday will bring market-shaping reports on this year’s U.S. grain crop
Monday reports from the USDA will give the latest number of acres planted to specific crops and existing stocks of grain. Crop conditions in the Midwest are now close to ideal with more moisture in soils and very few areas reporting drought conditions. The USDA has rated almost 75% of the corn crop “good” or “excellent.” That’s the best condition at this time of year since 1999
Winners and losers as U.S. ban on crude oil exports continues to erode
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Bigger than expected drop in first quarter GDP on 3rd revision leaves market yawning
A huge downward revision in first quarter GDP growth today—and the market has decided it doesn’t care. On the third estimate, the Bureau of Economic Analysis revised first quarter GDP growth down to a negative 2.9%.
New high reversal suggests market ready for a short breather
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Upping my target price for Hi-Crush Partners as demand for fracking sand continues to rise
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Good news for the U.S. economy: New home sales soar in May from April
Sales of new homes rose 18.6% in May to an annualized rate of 504,000 from a revised 425,000 rate in April. That was well above the 440,000 annualized rate expected by economists surveyed by Briefing.com. This was the first time that annualized sales broke above 500,000 since May 2008. Supply fell to 4.5 months at the current sales pace from 5.3 months in April.