Notes You Need for February 26: Internet taxes, EuroZone inflation, new home sales, Apple after iPhone X, Samsung Galaxy S9
In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don’t justify a full post. I’ve decided to start compiling these notes here each day in a kind of running mini blog that I’m calling Notes You Need. The typical item resembles this from today: “11: 40: Bloomberg is reporting that Apple (AAPL) is planning to release three new smartphones this year as it tries to rebound from disappointing sales of the iPhone X. The new models, tentatively set for a fall introduction, include the largest iPhone even (as Apple tries to grow in the phablet market), an ungraded handset the same size as the current iPhone X, and a less expensive model with some of the key features of the iPhone X.”
Saturday Night Quarterback says (on a Sunday), For the week ahead expect…
Reports on home sales this week will get more attention than usual given the cuts to the mortgage deduction in the tax bill that moved out of the Senate/House conference committee last week. Worries about the pace of home sales manage to combine uncertainty about the effects of the Republican tax plan and the impact of higher interest rates from the Federal Reserve. Investors are watching the housing numbers as an early indicator of any weakness in the general economy.
Notes You Need for July 26: Amazon in India, fintech, China corporate debt, weak dollar earnings, Facebook smart speaker, UK diesel and gas vehicle ban, new home sales, U.S.farmland
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New home sales slightly lower than forecast in January; weakness at lower end of market
Sales of new homes climbed in January from December’s disappointment–climbing 3.7% to a 555,000 annualized rate–but still fell short, modestly, of forecasts. Economists surveyed by Bloomberg were looking for an annualized rate of 571,000. I don’t think there’s anything in these numbers to cause a revision in thinking about interest rates at the Federal Reserve.
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