housingstarts
In his podcast addressing the markets today, Louis Navellier offered the following commentary. Priced for PerfectionThe current market is priced for perfection. When a company comes out, beats, and guides higher, it still can go down if there are any concerns or worries. The best case study was probably Tesla Inc (NASDAQ:TSLA). Tesla announced its second-quarter results on Wednesday and its sales, earnings, and operating margins were all impressive. However, Elon Musk cautioned investors that further price cuts may be necessary, despite price cuts of 14% to 28% this year on its EVs. Furthermor...
ValueWalk
SummaryHome builders are cyclical companies. As such they should be screened based on their performance over the Housing Starts cycle. But Housing Starts cycles differ in duration and peak-to-trough magnitude. One way to screen for such companies is to estimate the expected ROE and Margin of Safety. This takes into account the probabilities and values of the metrics over the pessimistic and optimistic cycles. Q2 2022 hedge fund letters, conferences and more At the same time, there is no long-term growth in the average annual Housing Starts. As such the Margin of Safety should be based on the E...
ValueWalk
In his podcast addressing the markets today, while commenting on housing starts, Louis Navellier offered the following commentary. Market’s Air PocketThe stock market’s “capitulation” selling on Monday was essentially a “retest” of recent lows for the NASDAQ Composite and S&P 500. Then the stock market made new lows on Thursday after the other central banks, like Britain and Switzerland, followed the Fed and raised key interest rates, which raised concerns about more central bank actions and higher interest rates. The best way to describe Thursday’s market action is that many stocks hit an “ai...
ValueWalk
Decent retail earnings were unable to send US stocks back into a record setting mode as cost pressures remain elevated for the foreseeable future. The S&P 500 index looks like it is going to be stuck in a range until investors feel confident that the Fed didn’t make a policy mistake and won’t be forced to raise rates sooner. Q3 2021 hedge fund letters, conferences and more Another round of Fed speak from Williams, Waller, and Mester did not provide any shifts over where the board stands on inflation. It wasn't pretty, but the 20-year auction performed better than last week's disappointing 30-y...
ValueWalk
Commenting on the strong inflows of the tech sector giants and today’s trading so far, Gorilla Trades strategist Ken Berman said: Q4 2020 hedge fund letters, conferences and more The major indices are mixed and flat midday following another active but two-faced morning session on Wall Street. The giants of the tech sector have been enjoying strong inflows for the second day in a row, with a few names, such as Apple (AAPL, +3.2%) Amazon (AMZN, +2.5%), and Facebook (FB, +2%) propping up the broader market in the face of the weakness among cyclical issues and small-caps. The new administration's ...
ValueWalk
Commenting on the key economic releases, th Philly Fed Index and today’s trading Gorilla Trades strategist Ken Berman said:Q2 2020 hedge fund letters, conferences and moreThe major indices are all trading in the red at midday following a bearish overnight session and an encouraging morning bounce on Wall Street. The technically weak tech sector has been weighing on the broader market this morning, and the Nasdaq got close to its correction low from last week at the open, but bulls stepped in to buy the dip yet again. The large-cap benchmarks are all trading near their 50-day moving averages, a...
ValueWalk
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