One of the biggest themes in 2023 was the struggle in the housing market. High mortgage rates made it more difficult for people to buy homes and people who had homes didn’t want to sell them in fear of losing their low mortgage rate. A lack of existing home inventory plagued the market, though homebuilders were able to take advantage. Meredith Whitney LLC Founder Meredith Whitney, who is known for correctly predicting the 2008 financial crisis, tells Yahoo Finance’s Brad Smith and Brian Sozzi that as more baby boomers retire and look to downsize, more inventory should come onto the market. Whitney says that since most home mortgages are originated […]
2023 — and the month of December — has been a year for record gains across various sectors and stocks, such as homebuilders and tech companies. Yahoo Finance’s Jared Blikre highlights several stocks and industries that have reached new highs year-to-date. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. #stockmarket #youtube #yahoofinance About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. – Get the latest news and data at finance.yahoo.com – Download the Yahoo Finance app on […]
CFRA’s Chief Investment Strategist Sam Stovall joined Yahoo Finance Live to share his optimistic 2024 market outlook, stating “next year will be a surprisingly good year.” He notes multiple supportive factors, including 2024 being an election year with consistently positive historical returns. While overbought conditions near-term could spur pullbacks, Stovall sees no real fear of a bear market now. He expects any dips to follow “a continued advance”, rather than precede declines. Stovall also observes that an anticipated Fed pause on hikes could lift valuations across assets – “lifting all boats” in size, style, sector and industry. During past Fed reprieves, areas like financials and real estate tended to outperform. […]
The Magnificent Seven stole the show in 2023—leading the rally and pulling the S&P (^GSPC) higher by more than 23%. This rally could continue, but the other 493 would have to catch up says Evans May Wealth Managing Partner Brooke May. May states “we think there is some opportunity there, as we’ve seen the breadth of the market improve, meaning more names participating, we think that’s going to give the market another leg up.” May sees “really good deals and values,” including Charles Schwab (SCHW). #stockmarket #youtube #yahoofinance About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more […]
Tesla CEO Elon Musk (TSLA) has come under fire for his comments on X (formerly Twitter). But Canaccord Genuity Managing Director George Gianarikas isn’t concerned about what sort of impact it could have on the EV maker. Gianarikas argues that Musk’s antics are not new and that “he’s who you have to take in to invest in Tesla’s stock.” Tesla has missed some targets recently, but Gianarikas argues that when Musk is giving his goals, he’s not just trying to please investors and Wall Street, but that “he’s trying to inspire the three, four, five companies that he’s the CEO of and he navigates.” Gianarikas points to Tesla’s full-self driving […]
As mortgage rates ease, Redfin Head of Economic Research Chen Zhao joined Yahoo Finance Live to discuss the 2024 housing outlook after a “largely frozen” 2023 market. Zhao expects next year’s homebuying season to be “better” than 2023 when inventory was low, rates were high, and prices sidelined buyers. As those headwinds abate, she anticipates a “transactions increase” in housing sales. After a rapid acceleration in prices during the pandemic, Zhao predicts a 1% decline in prices for 2024. Zhao argues given high mortgage rates and high prices, housing has “hit a ceiling for affordability,” and, as a result, prices can’t really move much higher. #realestate #mortgages #youtube About Yahoo […]
After a volatile 2023, the housing market enters 2024 with some relief as two major headwinds — high mortgage rates and inflation — show signs of easing. This backdrop has sparked cautious optimism for a rebound after affordability challenges crushed demand. Yahoo Finance’s Brad Smith and Brian Sozzi discuss the improving outlook for housing in 2024 now that rates and consumer prices are moderating, providing insights into homebuilder strategies. #youtube #stocks #REALESTATE About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. – Get the latest news and data at […]
After paring back on Tesla (TSLA) shares in the Ark Innovation ETF (ARKK), the firm has recently started to add to its position again. Ark Invest CEO Cathie Wood tells Yahoo Finance’s Julie Hyman that the decisions by General Motors (GM) and Ford (F) to delay some of their EV investments was a “telltale” sign that Tesla is in position to gain market share, calling the automakers’ decisions “puzzling.” The move comes as Tesla CEO Elon Musk’s X platform (formerly Twitter) is suffering from a decline in ad revenue, raising concerns he may have to sell Tesla shares. Wood, however, doesn’t seemed to be concerned, claiming that the platform’s traffic […]
China’s Xiaomi (1810.HK, XIACY) is entering the electric vehicle market after investing over $1.5 billion into developing its first EV model, the Xiaomi SU7. The consumer tech manufacturer, known for smartphones and electronics, aims to become a top automaker within 15 to 20 years per CEO Lei Jun’s recent statements. Yahoo Finance Autos Reporter Pras Subramanian analyzes Xiaomi’s goal, discussing the SU7’s positioning and its similarities to luxury EVs currently on the market. About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. – Get the latest news and data […]
2023 was full of economic headwinds to new and ongoing geopolitical conflicts, chaos in Congress, a banking crisis, and more. 2024 will bring new headwinds the for the markets, with looming deadlines to avoid a government shutdown, escalating geopolitical conflicts and more. HSBC Global Private Banking and Wealth Chief Investment Officer, Americas Jose Rasco joins Yahoo Finance to give insight into the outlook for 2024 and what investors should expect when it comes to economic headwinds and potential volatility in the market. Rasco points out there are two potential headwinds coming out of Washington at the beginning of the year: the 2024 election process begins and another scramble to avert […]
