1 Stock-Split ETF That Could Turn $500 Per Month Into $1 Million, With Nvidia's Help
This exchange-traded fund is beating the S&P 500 thanks to its high exposure to stocks like Nvidia.
This exchange-traded fund is beating the S&P 500 thanks to its high exposure to stocks like Nvidia.
Investors will be hard pressed to find an ETF with a better performance history.
Housing stocks are rising following Federal Reserve Chair Jerome Powell's dovish comments at the Jackson Hole Economic Symposium on Friday, which signaled interest rate cuts to come that could feed into mortgage rates. This comes alongside surprisingly strong new home sales data for the month of July. With the US housing market in need of relief, HousingWire lead analyst Logan Mohtashami joins Market Domination to discuss the potential impact of a rate cut on the housing market. Mohtashami distinguishes between two segments of the housing market: new homes from builders and existing homes sales. He explains that when rates fall, homebuilders can "sell homes like a commodity," while existing homes "do not have that ability." Existing homes are struggling to sell because the market hasn't seen mortgage rates under 6% for quite some time, Mohtashami explains. "I think the builders will always have a rate advantage until mortgage rates get well below 6% for the existing home market," Mohtashami tells Yahoo Finance. "If mortgage rates fell 2% and actually stayed lower below 6%, the existing home sales market could get some traction." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
US mortgage rates have fallen lower this week, with the 30-year fixed-rate mortgage now below 6.5% and the 15-year fixed-rate mortgage below 5.65%. This gives some relief to potential homebuyers but adds more competition to homebuilders (XHB). Yahoo Finance housing reporter Dani Romero joins Wealth! to break down what lower rates mean for potential home buyers and major homebuilder stocks. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino
– Morocco stocks were higher after the close on Friday, as gains in the Telecoms, Construction&Building Materials and Banking sectors led shares higher.
US new home sales jumped by over 10% month-over-month in July, according to the US Census Bureau. The National Association of Realtors reported existing home sales to have risen by 1.3% month-over-month in July. National Association of Realtors (NAR) Chief Economist Lawrence Yun sits down with Brad Smith on Wealth! to talk about what this data is signaling about the US housing market, especially after Federal Reserve Chair Jerome Powell communicated plans to cut interest rates in September in his Jackson Hole speech. "Definitely, we are in a downward trend in mortgage rates. Housing sector [is] always one of the most sensitive to the mortgage rate changes, and consequently mortgage rate today at one-year-low level at under 6.5%, we have not seen this for the past 12 months," Yun tells Yahoo Finance. "Very good news. Moreover, more inventory means more choices for consumers." Yun believes falling mortgage rates — the 30-year fixed-rate mortgage now sitting at 6.46% — will open up new opportunities for homeowners, especially for those moving on into new life stages and wishing to sell. "So all [these] pent-up potential sellers, I think, will steadily move into the market as mortgage rates decline. Of course, it's not a 3%, 4% mortgage rate, but it is a positive development for the real estate [market]," Yun explains. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Luke Carberry Mogan.
About 25% of index-tracking funds change their benchmark at least once, Morningstar finds.
Expectations that the Fed will start cutting interest rates at its next meeting in September have buoyed the housing market in recent weeks.
-- Gold prices rose in Asian trade on Friday but were nursing a tumble from record highs in the prior session as caution before an address by Federal Reserve Chair Jerome Powell lent some support to the dollar.
The real estate ETF (REZ) hit a 52-week high lately. Can it soar higher?