Long-term mortgage rates rebound

Long-term U.S. mortgage rates rose this week as the benchmark 30-year rate rebounded from a seven-month low, according to mortgage firm Freddie Mac.

ETFs

Technology

US mortgage rates blip higher

Long-term U.S. mortgage rates edged up this week as the benchmark 30-year rate bounced back from a seven-month low.

Analyzing Earnings, Trump Trades & Emerging Markets

By Innealta Capital Throughout April and May, the Q1 2017 corporate earnings were the market’s focal point as results exceeded expectations. As of this writing, 98% of S&P 500 companies reported corporate results with 75% beating mean EPS and 64% beating mean sales estimates. Growth compared to last year also improved. The blended earnings growth…

Stocks

Hotter Temps Don’t Always Heat Up Nat Gas ETFs

Summer is here and that means warmer temperatures, but that is not yet stoking higher natural gas prices. For example, the United States Natural Gas Fund (NYSEArca: UNG) is down 2.6% over the past week, extending its year-to-date loss to about 26.5%. Around half of U.S. homes utilize natural gas for heat, driving up prices…

Nike to slash 1,400 jobs, cut sneaker styles in shakeup

Nike wants to be more nimble on its feet and sell more shoes directly to customers online as part of a restructuring in which it plans to cut about 1,400 jobs and reduce the number of sneaker styles it offers by a quarter.

Retirement

Traders Got Bearish on Homebuilder ETFs Ahead of Fed Rate Hike

The SPDR S&P Homebuilders ETF (NYSEArca: XHB) is up 14.3% year-to-date and the popular homebuilders exchange traded fund jumped more than 2% ahead of this week’s Federal Reserve meeting, but some traders took bearish options positions in XHB ahead of the Fed meeting. On Tuesday, puts options in XHB were “crossing at 22 times the…