Housing market to test June sales momentum next week
The housing market remains a key pillar of the economy as housing data for June nears release. Investors expect both new and existing home sales to show ongoing strength with annualized rates near 54 million for existing homes and about 546,000 for new homes, though growth stays modest.
MENTIONED IN THIS ARTICLE
U.S
Wall Street
Paul Ashworth
Capital Economics
Bank of the West
Lindsey Piegza
Stifel
SigFig Investors Boost Wealth Since 2012
Since 2012 SigFig users who invest in Citigroup and General Motors saw median liquid net assets rise by 70 percent, signaling notable wealth growth among these traders.
MENTIONED IN THIS ARTICLE
SigFig
Citigroup
General Motors
How We’re Performing USA Portfolio Allocation by Wealth
Data from SigFig analysis shows how America’s investors allocate their online portfolios. The report notes largest holdings such as AAPL and SIGFIG, with over half a million investors nationwide and total assets around 200 billion managed through SigFig’s tracking service.
MENTIONED IN THIS ARTICLE
USA
America
SigFig
Google and Tesla stocks and products update
Google reports second quarter gains with strong mobile and YouTube growth and tighter cost controls. Tesla Motors unveils Ludicrous Mode for high performance Model S, priced at 10,000 dollars on a 70,000 dollar base.
MENTIONED IN THIS ARTICLE
Google
Internet
Tesla Motors
Honeywell Posts Stronger Quarter as Costs Decline
Honeywell International posted better-than-expected quarterly earnings as sales eased and costs were cut. The maker of aircraft parts and climate control systems raised the low end of its full year earnings guidance, signaling improved profitability amid a softer demand environment.
MENTIONED IN THIS ARTICLE
Honeywell
Google rebound lifts investors as stock surges on earnings
Investors revived by Google earnings, with a Friday rally that added about 50 billion in paper wealth. Analysts peg future price targets from 716 to 780 a share, noting cost controls amid ongoing challenges in social media and legacy search.
MENTIONED IN THIS ARTICLE
Google
Howard Silverblatt
S&p
S&p Capital IQ
Colin Sebastian
Robert W. Baird
Ross Sandler
Deutsche Bank
GE posts stronger industrial profit amid asset sales push
GE reports a 5 percent rise in second quarter industrial operating profit to 4.36 billion with margins improving to 16.2 percent as it continues selling GE Capital assets. Revenue climbs to 32.75 billion while power and water profit jumps 8 percent to 1.22 billion. The company says it will vigorously defend the Electrolux appliance sale against a Justice Department antitrust challenge and aims to close the deal this year.
MENTIONED IN THIS ARTICLE
General Electric
U.S. Justice Department
Electrolux
GE Capital
Jeff Immelt
Jeffrey Bornstein
Justice Department
Bornstein
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Nathan Bomey
NathanBomey
Jushikazu Tsuno
AFP/GETTY IMAGES
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