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10:45
11/26/19
11/26
10:45
11/26/19
10:45

U.S. new home sales sharply exceeded estimates

U.S. new home sales sharply exceeded estimates with a -0.7% October pull-back to 733k after 32k in net upward revisions, as new home sales fluctuate just below what is now a lofty 738k (was 701k) September pace that marks a 12-year high. Indeed, three of the last five monthly sales figures were stronger than any figure seen since 2007. Analysts saw the expected 2.1% bounce in the median price after small net upward revisions, and a 0.3% uptick in inventories that leaves a -3.3% y/y drop. The housing sector is poised for rapid Q4 growth given today's robust sales data, and strength in last week's solid October figures for housing starts, permits, and existing home sales. 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. Analysts expect a sturdy 723k Q4 pace for new home sales that marks a new cycle-high, following a prior cycle-high pace of 701k (was 691k) in Q3. Analysts still expect a Q3 GDP growth boost to 2.0% from 1.9%, despite a -$1 B revision in residential investment that leaves an estimated 4.4% (was 5.1%) Q3 clip. Analysts expect GDP growth of 2.4% in Q4 with a 6.4% growth pace for residential investment. The Q3 and Q4 residential component gains follow declines in each of the six quarters through Q2.

TODAY'S FREE FLY STORIES

09:58
12/09/19
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09:58
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09:58
Conference/Events
JPMorgan oil services/equip analyst to hold an analyst/industry conference call »

Oil Services &…

PCG

PG&E

$11.30

1.65 (17.10%)

, SIG

Signet Jewelers

$21.05

0.48 (2.33%)

09:55
12/09/19
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09:55
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09:55
Options
Early notable gainers among liquid option names on December 9th »

Notable gainers among…

PCG

PG&E

$11.30

1.65 (17.10%)

SIG

Signet Jewelers

$21.05

0.48 (2.33%)

SWKS

Skyworks

$104.20

2.8 (2.76%)

FCX

Freeport McMoRan

$11.97

0.33 (2.84%)

FTV

Fortive

$75.51

2.65 (3.64%)

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09:55
12/09/19
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Conference/Events
JPMorgan homebuilding analyst to hold an analyst/industry conference call »

Homebuilding &…

09:55
12/09/19
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09:55
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09:55
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JPMorgan business services analyst to hold analyst/industry conference call »

Business &…

FTSV

Forty Seven

$17.61

3.21 (22.29%)

09:53
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Breaking Hot Stocks news story on Forty Seven »

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TTWO

Take-Two

$119.55

-4.21 (-3.40%)

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Recommendations
Take-Two analyst commentary  »

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HY

Hyster-Yale Materials

$60.47

0.66 (1.10%)

09:52
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Conference/Events
Hyster-Yale Materials management to meet with Sidoti »

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ZS

Zscaler

$47.38

0.66 (1.41%)

09:50
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Options
Funky call sale in ZScaler at market-open »

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RTRX

Retrophin

$13.31

0.05 (0.38%)

09:50
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09:50
Conference/Events
Retrophin management to meet with JMP Securities »

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    Dec

ARQL

ArQule

$19.61

9.94 (102.79%)

, LLY

Eli Lilly

$119.52

-0.07 (-0.06%)

09:49
12/09/19
12/09
09:49
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09:49
Conference/Events
Wolfe Research biotech analyst to hold an analyst/industry webcast »

Biotech Analyst Tewari…

ARQL

ArQule

$19.61

9.94 (102.79%)

LLY

Eli Lilly

$119.52

-0.07 (-0.06%)

MRK

Merck

$88.76

-0.08 (-0.09%)

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XFOR

X4 Pharmaceuticals

$10.60

(0.00%)

09:48
12/09/19
12/09
09:48
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09:48
Upgrade
X4 Pharmaceuticals rating change  »

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FTSV

Forty Seven

$15.86

1.46 (10.14%)

09:48
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Hot Stocks
Breaking Hot Stocks news story on Forty Seven »

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  • 09

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KOS

Kosmos

$5.41

-0.62 (-10.28%)

09:47
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Hot Stocks
Kosmos falls -10.6% »

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UGAZ

VelocityShares 3x Long Natural Gas ETN

$7.93

-1.42 (-15.19%)

09:47
12/09/19
12/09
09:47
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09:47
Hot Stocks
VelocityShares 3x Long Natural Gas ETN falls -15.2% »

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DPLO

Diplomat Pharmacy

$3.97

-1.855 (-31.87%)

09:47
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Hot Stocks
Diplomat Pharmacy falls -31.7% »

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SPCE

Virgin Galactic

$8.04

0.76 (10.44%)

09:47
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Hot Stocks
Virgin Galactic rises 10.4% »

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  • 10

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PCG

PG&E

$11.05

1.4 (14.51%)

09:47
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Hot Stocks
PG&E rises 14.7% »

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  • 07

    Jan

DGAZ

VelocityShares 3x Inv Natural Gas ETN

$180.50

24.71 (15.86%)

09:47
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Hot Stocks
VelocityShares 3x Inv Natural Gas ETN rises 16.0% »

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RBB

RBB Bancorp

$20.42

(0.00%)

09:45
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Conference/Events
RBB Bancorp management to meet with Sandler O'Neill »

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09:45
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General news
Treasury 3-year auction outlook: the $38 B sale leads off »

Treasury 3-year auction…

TTWO

Take-Two

$123.76

(0.00%)

09:44
12/09/19
12/09
09:44
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09:44
Hot Stocks
Take-Two says newly-formed 'Cloud Chamber' studio developing next BioShock game »

2K, a publishing label of…

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  • 13

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ALPN

Alpine Immune Sciences

$3.02

(0.00%)

09:40
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09:40
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09:40
Hot Stocks
Alpine Immune Sciences presents ALPN-101 Phase 1 healthy volunteer study data »

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JBLU

JetBlue

$19.03

(0.00%)

, SPCE

Virgin Galactic

$7.28

(0.00%)

09:40
12/09/19
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09:40
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09:40
Options
Unusually active option classes on open December 9th »

Unusual total active…

JBLU

JetBlue

$19.03

(0.00%)

SPCE

Virgin Galactic

$7.28

(0.00%)

CHWY

Chewy

$24.93

(0.00%)

VLO

Valero

$93.62

(0.00%)

DELL

Dell Technologies

$47.09

(0.00%)

CRWD

Crowdstrike

$50.89

(0.00%)

ZS

Zscaler

$46.72

(0.00%)

LULU

Lululemon

$229.50

(0.00%)

CGC

Canopy Growth

$18.65

(0.00%)

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KALV

KalVista

$14.36

0.25 (1.77%)

, MRK

Merck

$88.84

0.09 (0.10%)

09:37
12/09/19
12/09
09:37
12/09/19
09:37
Recommendations
KalVista, Merck analyst commentary  »

Roth says KalVista trial…

KALV

KalVista

$14.36

0.25 (1.77%)

MRK

Merck

$88.84

0.09 (0.10%)

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PSTL

Postal Realty Trust

$15.85

0.15 (0.96%)

09:34
12/09/19
12/09
09:34
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09:34
Conference/Events
Postal Realty Trust management to meet with DA Davidson »

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