The “Barbie” movie could drive material upside for Mattel stock, according to Goldman Sachs.The bank increased its Mattel price target to $24 as estimates suggest more than $150 million in ticket sales this weekend.These are the three reasons why Goldman expects the movie to drive financial upside for Mattel. Loading Something is loading. Thanks for… Continue reading 3 ways the Barbie movie could drive more upside for Mattel stock as weekend box-office projections top $150 million
Robert Shiller says decade-long rally in home prices could end when the Fed wraps its hiking cycle
The decade-long rally in home prices could end when the Fed wraps up its tightening cycle, Robert Shiller said. He told CNBC that earlier rate hikes pushed people to buy homes before borrowing costs rose even further. “So that’s been a positive influence on the market, but it’s coming to an end.” Loading Something is… Continue reading Robert Shiller says decade-long rally in home prices could end when the Fed wraps its hiking cycle
Housing is still unaffordable – but one corner of the market says things may soon get better
The housing market may still feel unaffordable, but recent data suggests reason for optimism. Industry sentiment is ticking higher, construction is ramping up, and residential investments are climbing. Home builder DR Horton reported that it expects to close on more homes than previously expected. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading Housing is still unaffordable – but one corner of the market says things may soon get better
The stock market may feel stretched after its 30% rally, but these 3 indicators say it’s not
The S&P 500 appears stretched after its 30% rally, and some investors are calling for a correction.But according to Fundstrat’s Tom Lee, there are still bullish fundamental catalysts on the horizon.These are the three indicators he highlighted that suggest the stock market isn’t as stretched as some may think. Loading Something is loading. Thanks for… Continue reading The stock market may feel stretched after its 30% rally, but these 3 indicators say it’s not
Russia-China ties deepen as Beijing buys a record amount of oil from the warring nation in the first half of 2023
China imported 2.13 million barrels per day of Russian crude in the first half of 2023. Russia so far this year has been the top oil supplier to China, peaking at 2.57 million barrels a day in June. Chinese customs data implies that Russian imports have been cheaper than crude from other OPEC+ countries, per… Continue reading Russia-China ties deepen as Beijing buys a record amount of oil from the warring nation in the first half of 2023
Tesla’s Full Self-Driving feature could add $20 billion a year in revenue, Gene Munster says
Tesla’s FSD software could bring major gains to the company’s revenue, Gene Munster said. If Tesla licenses out the technology and lowers the price, that could add up to $20 billion a year. Shares slid 8% on Thursday as investors digested the firm’s lower profit margins for the second quarter. Loading Something is loading. Thanks… Continue reading Tesla’s Full Self-Driving feature could add $20 billion a year in revenue, Gene Munster says
David Rubenstein says there’s only one solution to US debt – inflation
The US won’t cut spending, raise taxes much, seek a bailout, or default on its debt, David Rubenstein said. “The only alternative is to inflate your way out,” he told Bloomberg TV. But that will exacerbate income inequality, Rubenstein warned. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading David Rubenstein says there’s only one solution to US debt – inflation
US homes sales are the lowest in 14 years as inventory dries up across the country
Home sales just dropped to a 14-year-low as buyers face a shortage of inventory. Just 4.16 million units were sold in June, down 19% from June of last year. Home prices rose to their second-highest level ever, as the dearth in inventory hurts affordability. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading US homes sales are the lowest in 14 years as inventory dries up across the country
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