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Market Snapshot: U.S. stocks futures struggle as oil gives back gains; ADP data ahead

2015-02-04 14:29:11| Appliances - Topix.net

U.S. stock futures failed to gather momentum as investors struck a more cautious investing tone Wednesday, a day after the Dow industrials enjoyed a monster rally fueled, in part, by a sharp rebound in crude-oil futures. Investors are awaiting a private-sector payrolls survey and data that will gauge the health of the U.S. services sector.

Tags: back data market oil

 

Above Average Stock Gains Are Likely For Griffon

2015-02-02 12:27:19| Industrial Machines - Topix.net

Griffon just reported excellent results for FQ1, exceeding estimates for the top and bottom lines. The stock rose nearly 8% higher on the news.

Tags: for average stock gains

 
 

NYC real estate market posted record gains in 2014

2015-01-31 11:32:37| Real Estate - Topix.net

More properties were sold in the five boroughs than ever before, while the value of those deals soared by an average of 20%, according to a new report by commercial brokerage Cushman & Wakefield. "This was the best investment sales market we have seen in the past 30 years," said Bob Knakal, chairman of New York investment sales for Cushman.

Tags: real posted estate market

 

Why Home Builders' Gains Might Not Mean A Robust Market

2015-01-30 08:32:10| Auto Dealers - Topix.net

Home builders have painted a relatively optimistic picture this week of the trajectory of the new-home market going into the spring selling season, but mild concerns linger about whether those results truly mirror the broader market. Five large, publicly traded builders have reported quarterly results so far this week, with most posting heady gains in sales contracts for their latest quarter in comparison to a year earlier.

Tags: home market gains robust

 

Gentex Q4 sales gains lag forecasts; stock drops

2015-01-29 11:34:16| Automakers - Topix.net

Gentex Corp., a mirror, camera and electronic component supplier, said its fourth quarter net income rose a disappointing 2 percent while overall revenue jumped 7 percent from a year earlier. "The increase was behind the forecast provided at the beginning of the quarter primarily due to end of year inventory adjustments at certain tier-one automotive customers, that are not expected to continue," Automotive revenue for the quarter jumped 7 percent to $342.4 million, with mirror unit shipments increasing 9 percent from a year earlier.

Tags: sales stock gains lag

 

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