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10:35
11/21/19
11/21
10:35
11/21/19
10:35

U.S. existing home sales tracked estimates

U.S. existing home sales tracked estimates with a 1.9% October bounce to a firm 5.46 M pace, after a small downward revision that exacerbated the September pull-back from a lofty 5.50 M August level. The median price continued to post a seasonal unwind of the all-time high in June, leaving a firm 6.2% y/y climb. Inventories fell for a fourth consecutive month to a 1.77 M level that translated to a 3.9 month supply, though analysts still have a big 15.7% 10-month climb from a particularly weak late-2018 level. The home sales data will likely remain strong through Q4, following the September pull-back for the major sales measures from solid rates in July and August. Today's strength accompanies Tuesday's robust set of October starts and permits figures. More generally, the home sales data have strengthened substantially since the beginning of 2019 with lower mortgage rates, and this recovery should continue as long as Fed policy remains accommodative. Existing home sales are poised for a 7% Q4 pace, after rates of 11.0% (was 11.6%) in Q3, 6.3% in Q2 and 5.0% in Q1. The annual growth rate for 2019 should be nearly flat despite quarterly gains through the year thanks to the weak close for 2018. Analysts still expect a Q3 GDP growth boost to 2.1% (was 1.9%), and 2.0% growth in Q4.

TODAY'S FREE FLY STORIES

PLMR

Palomar

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ASAZY

Assa Abloy

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Rexel

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Tate & Lyle

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AUO

AU Optronics

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20:20
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LPL

LG Display

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0.115 (1.89%)

20:17
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ETNB

89bio

$28.38

0.86 (3.13%)

20:16
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ANIOY

Acerinox

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BPMC

Blueprint Medicines

$78.50

3.92 (5.26%)

20:15
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20:15
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TLSNY

Telia

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ARWR

Arrowhead

$67.25

1.705 (2.60%)

20:13
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ARGX

Argenx

$147.31

-2.56 (-1.71%)

20:08
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STC

Stewart

$43.16

0.28 (0.65%)

19:56
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FAF

First American

$63.05

(0.00%)

19:55
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PFSI

PennyMac Financial

$33.91

0.12 (0.36%)

19:54
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AGIO

Agios Pharmaceuticals

$40.93

0.81 (2.02%)

18:40
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18:40
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18:40
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  • 09

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BPMC

Blueprint Medicines

$78.50

3.92 (5.26%)

18:34
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18:34
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18:34
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Blueprint Medicines analyst commentary at Piper Jaffray »

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  • 08

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FATE

Fate Therapeutics

$13.64

0.07 (0.52%)

18:29
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Fate Therapeutics analyst commentary at Piper Jaffray »

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RCKT

Rocket Pharmaceuticals

$22.37

2.61 (13.21%)

18:05
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Rocket says Phase 1 trial establishes feasibility of commercial Process B for FA »

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ARGX

Argenx

$147.31

-2.56 (-1.71%)

, JNJ

Johnson & Johnson

$140.36

0.79 (0.57%)

18:03
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18:03
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18:03
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$147.31

-2.56 (-1.71%)

JNJ

Johnson & Johnson

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0.79 (0.57%)

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BLUE

Bluebird Bio

$79.51

-1.24 (-1.54%)

, JNJ

Johnson & Johnson

$140.36

0.79 (0.57%)

17:58
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17:58
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17:58
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Bluebird Bio, Johnson & Johnson, Amgen, Bristol-Myers, Regeneron analyst commentary at Piper Jaffray »

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BLUE

Bluebird Bio

$79.51

-1.24 (-1.54%)

JNJ

Johnson & Johnson

$140.36

0.79 (0.57%)

AMGN

Amgen

$233.74

0.3 (0.13%)

BMY

Bristol-Myers

$59.94

0.435 (0.73%)

REGN

Regeneron

$372.26

4.02 (1.09%)

03/08/13
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BGNE

BeiGene

$186.89

-2.3 (-1.22%)

17:50
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BeiGene announces data from two clinical trials of Brukinsa at ASH meeting »

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LLY

Eli Lilly

$119.59

-0.175 (-0.15%)

16:34
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Eli Lilly presents interim clinical data from LOXO-305 dose escalation trial »

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BMY

Bristol-Myers

$59.94

0.435 (0.73%)

16:32
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Bristol-Myers announces data from multiple liso-cel studies at ASH meeting »

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QURE

uniQure

$66.06

1.5 (2.32%)

16:26
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uniQure reports 1-year follow-up data from etranacogene dezaparvovec study »

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