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A Breakout Trade Setting Up In REITS

Wed, 02 Dec 2009 21:42:00 GMT

Part of my idea this week of watching the "high risk" assets included the REITS. My history with them to date this year has been multiple bearish strikes with no better than 50/50 success. The hype surrounding the commercial real estate market points to it as being the "next shoe to drop," however, price action in many of these names this week looks to me like it supports a totally different outcome.[More...]

Sweeping Earnings For Economic Landmines

Sun, 01 Nov 2009 15:13:55 GMT

We scour third-quarter earnings from REITs and oil firms for signs of upcoming economic stumbling blocks.[More...]

Is The FHA Going Broke?

Fri, 09 Oct 2009 18:45:47 GMT

This morning’s New York Times has an important article on the Federal Housing Administration. The FHA has stepped in to back up mortgage loans as the private sector has stopped making them.[More...]

An Easy Promise To Keep

Sun, 16 Aug 2009 16:49:15 GMT

In its statement on Wednesday, the Fed said: “In these circumstances, the Federal Reserve will employ all available tools to promote economic recovery and to preserve price stability. The Committee will maintain the target range for the federal funds rate at 0 to 1/4 percent, and continues to anticipate that economic conditions are likely to warrant exceptionally low levels of the federal funds rate for an extended period." With the release of the July Consumer Price Index numbers, that looks to be an easy promise to keep.?The headline CPI was unchanged, and if one strips out volatile food and energy costs, the index was only up 0.1%. On a year-over-year basis, headline consumer prices were down 2.1%, the biggest decline since 1950. Of course, much of that decline was due to the collapse in oil prices last fall.?However, year-over-year core inflation was just 1.5%.[More...]

Apartment Rental Rates Set To Spike Upward (As Of 08-12-2009)

Fri, 14 Aug 2009 14:14:14 GMT

Many apartment owners can't wait until 2012. If the economy recovers, they will be looking at a perfect storm of events - a shortage of available entry-level housing units, a boom in demand driven largely by Millenials (real-estate jargon for those just about ready to strike out on their own), and the ability to push rents significantly higher due to a shortage of suitable apartments. Tom Bozzuto, CEO of the Bozzuto Group, a Greenbelt, MD.-based multifamily manager overseeing 28,500 units in the Mid-Atlantic states, told Multifamily Executive Magazine recently that "It's not a lot of fun right now to be in the apartment business. But, you take pleasure in knowing that this is the trough in the wave." Other pros in the field feel exactly the same way. Ron Terwillinger, chairman of the country's largest multifamily builder, Trammell Crow Residential based in Dallas, TX expects rents to increase 5% in 2010 and another 10%[More...]

Short Ideas

Tue, 21 Apr 2009 15:36:16 GMT

It appears a lot of traders are switching to the short side quickly, so we may get a short squeeze soon. However, I will be adding short into strength. I added some short exposure in the REIT sector today, and will be looking for opportunities to short the financial sector as well, although I am still a bit nervous in the latter case. Here are a few to consider: - PSB: REIT, business parks. [More...]

Market Report For Friday: Apr 17, 2009

Fri, 17 Apr 2009 13:00:45 GMT

(7:11am ET) There was plenty of economic data released in the US during the day; however the equity market sidetracked until 2pm ET, when with prices at modest losing levels on the week until that point, suddenly, and for no discernable reason, there was a rally that left the indexes with small gains through Thursday. Perhaps traders were anticipating a positive quarterly report from Google (GOOG +2.4% on +151% of average daily trading volume)? After the close, the company did not disappoint, beating both revenue and EPS estimates. The company posted net income of $1.42 billion ($5.16/share), up +8% from the $1.31 billion ($4.84/share) recorded during the same period a year ago. Revenue for 1Q2009 increased +10% to $4.07 billion, from $3.7 billion, excluding traffic acquisition costs. On average, analysts had expected earnings per share of $4.93 and revenue of $4.08 billion, according to Yahoo Finance. For the first[More...]

Daily Report For Thursday, Apr 16, 2009

Thu, 16 Apr 2009 13:36:24 GMT

(8:25am ET) The main focus of traders today will be the 1Q2009 earnings report from JP Morgan (JPM), and the close scrutiny of the data and hype that will follow. After hitting a low of $14.93 in early March, JPM has rallied +118.1% to yesterday’s close of $32.56. There was a high of $34.15 on Tuesday. http://tinyurl.com/da6dcv JP Morgan reported Q1 net income of $2.14 billion, or $0.40/share, down -10% from a year earlier, but beat analysts' expectations. Revenue increased +48% to $25.03 billion. WSJ reported that CEO Jamie Dimon said the firm extended about $150 billion in new credit to consumer and corporate customers during the quarter. With a last hour rally spurred by the real estate investment trusts (REITS) ($DJR +8.7%) and Banks ($BKX +5.1%) in the Financial sector (XLF +4.8%), the US equity[More...]

Daily Report For Tuesday, Apr 14, 2009

Tue, 14 Apr 2009 14:18:59 GMT

(9:30am ET) Stocks in NY sank at the open following various negative reports from TV talking heads, though trade volume was weak on the Easter Monday. After the close, Goldman Sachs surprised with unusually positive revenue and earnings. Today, President Obama will be making a speech on the state of the economy. Traders are confused. Yesterday was pretty much a lost day in the market. Very little of consequence happened. By the close, the DJIA’s small loss (-25.57 -0.32% to 8057.81) offset the small gain in the S&P (+2.17 +0.25% to 858.73), while the NASDAQ (+0.77 +0.05% to 1653.31) was flat. The Toronto Composite (+98.50 +1.07% to 9285.6) and the Toronto Venture Board (+11.89 +1.23% to 980.86) were stronger as the metal miners and goldminers enjoyed a good day. Except for Japan’s Nikkei 225 index (-0.92% to 8842.7), prices today were strong in the major international equity markets: Australia (+2.22% to[More...]

Daily Report For Tuesday: Apr 7, 2009

Tue, 07 Apr 2009 13:31:58 GMT

(8:05am ET) Stocks closed Monday's session in NY lower on a lightly-traded day, but much higher Week over Week. Through Friday, the major market indexes saw their largest four-week gains in seventy-six years. Now the market is preparing for 1Q2009 earnings season, which gets underway today with Alcoa (AA). On Monday, the DJIA (-41.74 -0.52% to 7975.85), S&P (-7.02 -0.83% to 835.48), and NASDAQ (-15.16 -0.93% to 1606.71) could not make headway against concerns the major banks may be preparing to release negative quarterly reports. The Toronto Composite (-49.59 -0.55% to 9016.17), and Venture Board (-12.42 -1.27% to 963.17) were also down on the day, but higher Week over Week. In international equity markets today, the closing prices showed losses except for Shanghai China (+0.80% to 2439.2): Australia -1.30% to 3648.5; Hong Kong -0.46% to 14929.0; India -1.80% to 10534.9; and Japan -0.28% to 8832.9. At 7:30am ET,[More...]

REITs Prepare for Commercial Real Estate Bust

Thu, 10 Sep 2009 18:49:00 GMT

With the worst of the recession subsiding, people are looking for deals.
But taking advantage of recession-induced fire sales isn't quite as simple as hearing about them.
That's especially true in commercial real estate, where the investment equivalent of a death watch is under way for highly leveraged properties.

: iStockAnalyst.com Symbols Feed

A Breakout Trade Setting Up In REITS

Sweeping Earnings For Economic Landmines

Is The FHA Going Broke?

An Easy Promise To Keep

Apartment Rental Rates Set To Spike Upward (As Of 08-12-2009)

Short Ideas

Market Report For Friday: Apr 17, 2009

Daily Report For Thursday, Apr 16, 2009

Daily Report For Tuesday, Apr 14, 2009

Daily Report For Tuesday: Apr 7, 2009

REITs Prepare for Commercial Real Estate Bust

Chicago Tribune Greg Burns Column: REITs Prepare for Commercial Real Estate Bust

Pletschet: Dividends on REITS Will Take Hit

Morning Briefs - Oct 22 2008 7:36PM

Equity Residential Announces Tender Offer by ERP Operating Limited Partnership for Any and All of Certain of its Outstanding Notes

Wall St Sense Undertakes Financial Research on Stocks Trading on Basic Materials, Financial & Services Sectors

Equity Residential Reports Third Quarter 2009 Results

Equity Residential Announces Creation of ATM Share Offering Program

BenchmarkJournal.Com Free Analyst Review for ABK, EQR, KMB, BBD, FIG and MRK

Equity Residential Reports Second Quarter 2009 Results

StreetInvesting.Com Free Research on WMB, ANN, LDK, GVA, EQR and OEH

Equity Residential to Host Second Quarter 2009 Earnings Conference Call Thursday, July 30, 2009

Equity Residential Presentation at NAREIT Investor Conference to be Web Cast

Equity Residential Declares Second Quarter Dividends

Form 4 EQUITY RESIDENTIAL For: Nov 16 Filed by: WHITE B JOSEPH (10K)

Form 4 EQUITY RESIDENTIAL For: Nov 16 Filed by: ROSENBERG SHELI Z (10K)

Form 4 EQUITY RESIDENTIAL For: Nov 16 Filed by: NEAL JOHN E (10K)

Form 4 EQUITY RESIDENTIAL For: Nov 16 Filed by: Kaufman Ian (10K)

Form 4 EQUITY RESIDENTIAL For: Nov 11 Filed by: STROHM BRUCE C (10K)

Form 4 EQUITY RESIDENTIAL For: Nov 11 Filed by: NEITHERCUT DAVID J (10K)

Form 4 EQUITY RESIDENTIAL For: Sep 11 Filed by: STROHM BRUCE C (10K)

Form 4 EQUITY RESIDENTIAL For: Sep 10 Filed by: NEITHERCUT DAVID J (10K)

Form 4 ROSENBERG SHELI Z For: Aug 14 (10K)

Form 4 EQUITY RESIDENTIAL For: Aug 14 Filed by: NEAL JOHN E (10K)