5.75k followers • 13 symbols Watchlist by Yahoo Finance
Follow this list to discover and track stocks that have been oversold as indicated by the RSI momentum indicator within the last week. A stock is oversold when the RSI is below 30. This list is generated daily, ranked based on market cap and limited to the top 30 stocks that meet the criteria.
Wells Fargo & Company
Mid-America Apartment Communities, Inc.
Algonquin Power & Utilities Corp.
The Stars Group Inc.
Wintrust Financial Corporation
Sibanye Gold Limited
Meritage Homes Corporation
M.D.C. Holdings, Inc.
Granite Real Estate Investment Trust
NVR's third-quarter 2019 earnings and revenues are likely to have improved from the prior-year period owing to strength of the homebuilding segment.
Earnings season for banks begins Oct. 15, when J.P. Morgan Chase, Citigroup and Wells Fargo are scheduled to announce their Q3 results. However one CIO says earnings are not the focus in the market.
The coming week’s docket of economic reports and earnings releases comes just following the Trump administration’s announcement of a partial trade deal with China late last week.
Earnings season kicks off next week with the big banks reporting first. Analysts say the key for earnings at the large financial institutions will be expense control.
On Thursday, Barclays CEO Jes Staley called pressure on the stock “deeply frustrating,” citing three causes for its poor performance: Brexit, low interest rates, and lingering regulatory measures that stemmed from the financial crisis.
The stock market may be on a trade-talk induced high, but market analysts say a sustainable rally can’t be supported without fundamental strength in earnings.
The biggest U.S. banks are expected to kick off the earnings season on a sour note next week due to falling interest rates, which may have pressured net interest margins enough to cause the sector's first year-over-year earnings per share decline in three years. While strength in mortgage banking and cheap valuations could provide support to the S&P 500 bank index, its performance depends on what reassurance executives provide on credit conditions, the outlook for loan growth and their ability to reduce deposit costs during their conference calls. The biggest U.S. banks will report a 1.2% decline in third-quarter earnings, while revenue is seen rising 0.9%, according to data aggregated by Refinitiv analyst David Aurelio.
The about-face comes as banks brace for a surge in mortgage activity fuelled by lower interest rates. Refinancing activity, which accounts for a majority of mortgage applications, has more than doubled from a year ago, according to data released by the Mortgage Bankers Association on Wednesday. Indeed, business could boom further if mortgage rates drop even more, with U.S. monetary policymakers expected to cut the benchmark interest rate a third time this year at the end of October.
The Zacks Analyst Blog Highlights: Mid-America Apartment, Essex Property Trust, Equity Residential, Equity LifeStyle and Agree Realty
Yahoo Finance Premium members have access to the full 30-stock Argus Focus List. Activision creates video games. The company’s top game franchises include “Call of Duty,” “Diablo,” and “World of Warcraft.” Activision acquired King Digital Entertainment, the producer of the “Candy Crush” mobile puzzle game, in February 2016.
The trade war intensifies with blacklisting of 28 Chinese companies and imposition of visa restrictions. Thus, investing in REITs seems to be a safer option as of now.
Mizuho Bank Ltd. and Societe Generale SA are defying consensus by predicting the Monetary Authority of Singapore will adjust the slope of its nominal-effective-exchange-rate policy band to zero, from 1%, to counter slowing economic growth.