Retail rivals join Prime Day deals ahead of July event
Amazon Prime Day runs for 24 hours with new deals every five minutes. Competitors including The Limited Gap Express Old Navy and Banana Republic plan pre sale offers to lure shoppers away from Amazon’s online show. Centene and WellCare bid for Aetna Medicare Advantage plans affecting about 350000 enrollees amid Humana merger talks. CBS plans an IPO to spin off its radio network of 117 stations operating in major markets.
MENTIONED IN THIS ARTICLE
Amazon
Target
Sears
Banana Republic
Amazon Prime Day
Limited
Gap
Express
Old Navy
Centene
Wellcare
AETNA
Humana Inc
Reuters
Well- Care
CBS
CBS Radio
Securities and Exchange Commission
Brexit Fallout Could Boost U S Real Estate Uptick
UK property volatility after the Brexit vote is unlikely to mirror in the United States. Analysts cite potential benefits as capital from London shifts to US markets, with UBS forecasting price declines in London and UK sectors while US investor demand remains strong. Industry officials note a yeild of capital from sovereign funds could pivot toward U S real estate.
MENTIONED IN THIS ARTICLE
United Kingdom
U.K
U.S
European Union
UBS
London
Jim Costello
Real Capital Analytics
Sovereign Wealth Funds
U.S. REITs Outperform S&P 500 Since Brexit Vote
Green Street Advisors notes U.S. publicly traded REITs have run about 2.5 percent ahead of the S&P 500 since the Brexit vote. Michael Grupe cites long-term Europe exposure as underperformance risk for ~10 REITs. Freddie Mac reports 30-year fixed rates at 3.41 percent for the week ending July 7, with lower mortgage costs aiding buyers.
MENTIONED IN THIS ARTICLE
Green Street Advisors
Freddie Mac
Costello
Cedrik Lachance
U.S
Europe
U.K
Michael Grupe
Earnings season opens with grim profits forecasts
Investors anticipate a weak second quarter with S&P 500 profits seen down about 5.2 percent from a year earlier and revenue down 0.8 percent. Alcoa kicks off earnings Monday as analysts warn the downturn could extend past a trough in the recession. Despite gloom, pockets show growth in consumer discretionary health care industrials and utilities amid hopes for a late 2020s rebound.
MENTIONED IN THIS ARTICLE
Alcoa
United Kingdom
European Union
Standard & Poor
S&p Global Market Intelligence
Lindsey Bell
S&p Global
U.S
Burt White
LPL Financial
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