Median home sales increased 7.8 percent from a year ago in January, sporting the biggest rise sin January 2016. The median home price in the United States also hit $274,500.
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| |  Good morning. Median home sales increased 7.8 percent from a year ago in January, sporting the biggest rise sin January 2016. The median home price in the United States also hit $274,500.
In a year that saw just about everything rise substantially, this news should come as no surprise. But with many touting declining inventory levels—now down for seven months in a row—this is one area where price improvements are likely to continue.
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| | |  | DOW 29,186.27 | -0.03% | | |  | S&P 3,321.75 | +0.03% | | | | NASDAQ 9,383.77 | +0.14% | | | | | *As of market close | | | • | Stocks closed nearly unchanged yesterday, as traders digested earnings and virus fears for a second day. | | | • | Oil dropped 2.9 percent, closing at $56.60 per barrel. | | | • | Gold traded flat, staying at $1,558 per ounce. | | | • | Cryptocurrencies generally declined, with Bitcoin sliding 0.8 percent to $8,666. | | | | | | | | |
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| Two Value Stocks Worth Buying Now | |
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As the stock market continues with its melt-up boom, most stocks are at 52-week highs.
Many growth names have gotten in on the trend in recent weeks, but there are still a few value plays out there.
These plays offer investors better upside going forward, and are companies that tend to hold their own when markets sell off. By buying these value plays now, investors can get in on great companies under all-time highs.
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| Insider Trading Reports: Parker Drilling Co. (PKD) | |
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Highbridge Capital, a major owner in Parker Drilling Co. (PKD), added another 43,029 shares. The buy increased the fund's stake by nearly 2.9 percent. The purchase price came to just over $760,000.
This marks the first insider activity at the company this year.
Last year saw only sales by insiders, dominated by repeat sales from another fund with a major stake. A few corporate employees sold off shares as well.
» FULL STORY |
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| Unusual Options Activity: Virgin Galactic Holdings (SPCE) | |
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January 2021 calls with a $25 strike on Virgin Galactic Holdings (SPEC) saw a 12-fold rise in volume, going from 295 contracts to over 10,300.
The bet, expiring in 358 days, is that shares will hit at least $28.25, adjusting for the $3.25 that the option buyer paid in premiums.
The $25 strike price is currently about 35 percent higher than where shares currently trade near $18.50. For the buyer to profit at expiration, shares need to rally another 53 percent from here.
» FULL STORY |
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| TOP | | | COF | 4.472% | | | | BLL | 3.74% | | | | INTC | 3.6% | | | | IBM | 3.392% | | | | ETN | 2.793% | | | BOTTOM | | | MOS | 5.296% | | | | ZION | 4.128% | | | | FTI | 3.814% | | | | NFLX | 3.582% | | | | CF | 3.48% | | | |
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| There is so much frustration out there because would-be homebuyers are motivated, but they're thwarted by shortages. Fewer homes are on the market, but sales are rising, which means that buyers already face competition from other buyers long before the beginning of the traditional homebuying season. |
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- Holden Lewis, home and mortgage expert at NerdWallet, on why housing prices rose so much last year and why prices are likely to continue moving at an above-average rate this year.  |
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