Louis Federal Reserve. Although we are certainly well below the peaks we saw in 2006, all of those data points have rebounded significantly from the lows seen during the great recession. In all of this, it also must be noted that we are unlikely to see the incredible run seen in the early part of the 2000s, as the percentage of Americans owning homes has fallen from 69% in 2005 to 65% in 2012 as the overall demand for housing has waned. However, the rebound presents encouraging developments in the vitally important housing sector, which, in 2005, contributed to almost 19% of the U.S.’s Gross Domestic Product, and as of the most recent quarter has fallen to under 16% according to the National Association of Home Builders. While we can see that housing is beginning to mend — the question becomes: Will that tell us if that will be a boon to home builders and their investors? The stocks When we look at the stock performance of four of the largest public homebuilders over the last 20 years we see they have all performed well when compared to the S&P 500 even after accounting for their tremendous falls in from 2005 to 2010: Total return 1/1/1993-9/17/2013 D.R.
Tech stocks: Take-Two surging off ‘GTA V’ sales
EDT September 19, 2013 A scene from ‘Grand Theft Auto V.’ (Photo: Rockstar Games) SHARE 1 CONNECT 10 TWEET COMMENTEMAILMORE Wall Street seems pleased with the early sales results of Take-Two Interactive’s blockbuster video game Grand Theft Auto V. Let’s take a look at the tech stocks to watch Thursday. Take-Two shares surging. The video game publisher’s stock price jumped 5% in early morning trading before settling down to a 2.3% gain. The jump is linked to new details on action title Grand Theft Auto V, which raked in $800 million in retail sales on its first day of availability. top stocks “We are incredibly proud of Rockstar Games’ creative achievement and could not be more pleased with the success of this launch,” says Take-Two CEO Strauss Zelnick in a statement.
Stocks to gain another 20 percent: Strategist
“The Fed is continuing to put liquidity into the markets,” he said. “The economy is continuing to grow, and equities still represent good value, not as good as they did two years ago but good value.” Ezrati said that he preferred cyclical stocks. “We prefer growth to value in this environment,” he said. By CNBC’s Bruno J. Navarro .
Cramer: ‘Cult’ and international stocks the places to be
Total value turnover was high at P15.96 billion with advancers outpacing decliners, 133 to 36. Some of the most actively traded stocks were Alliance Global Group Inc., BDO Unibank Inc., Metropolitan Bank and Trust Co., SM Investments Corp., Ayala Land Inc., SM Prime Holdings Inc., Megaworld Corp., Manila Electric Co., Ayala Corp. and Bank of the Philippine Islands. On Wednesday, Philippine shares snapped out of its two-day winning momentum ahead of the announcement of the results of the two-day US Federal Reserve policy meeting.
CANADA STOCKS-Fed surprise propels TSX to two-year high
All life-support systems remain for the time being,” said Matt Skipp, president of SW8 Asset Management, a Toronto-based hedge fund. “Obviously the markets are taking a big leg up as a result,” he added. “But there might be moments of introspection when you realize they don’t have enough confidence in the economy to begin to taper.” Skipp said he doubled his exposure to gold-mining stocks to 10 percent of his portfolio after the Fed statement. The Toronto Stock Exchange’s S&P/TSX composite index closed up 97.29 points, or 0.76 percent, at 12,931.40, after rising as high as 12,958.88, its highest level since August 2011. About 382 million shares changed hands, compared with an average daily volume of about 291 million shares in August, according to market operator TMX Group.
Stocks up on good news from US Fed [The Manila Times, Philippines]
(Related: Cramer: Buying these stocks is like trading ‘on quicksand’ ) “Those are the cult stocks of the growth momentum players. Do not get in front of a growth stock between here and year-end,” he advised. Cramer also said that international stocks are a good bet to weather the uncertainty generated by events such as the debt ceiling debate and a potentially overbought U.S. market.