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April new home sales disappoint

April new home sales disappoint

New home sales in April were at a seasonally adjusted annual rate of 569,000. That was well below the consensus among economists surveyed by Briefing.com for annualized sales of 605,000. The April annualized rate was down 11.4% from March. The housing market...

Sell Rayonier (RYN)

I’ve already sold Rayonier (RYN) out of the Jubak Dividend Income Portfolio today, May 28. And now I’m selling it out of Jubak Picks as well. Nothing wrong with the stock—when the real estate market does finally turn, this timber and real estate REIT will do quite...

Could it be? Housing stocks actually leading the market?

Bounce or trend? That’s the question. The dollar took a break yesterday as it met some resistance after moving up so strongly in January. Commodities hit support that then rallied. At least that’s one way to look at it. From a purely technical point of view all we’ve...

Update Cemex (CX)

Certainly Mexican cement producer Cemex (CX) isn’t out of the woods yet, but the trees sure look a lot less menacing. The company wound up buried under cord upon cord of debt, thanks to an aggressive acquisition strategy that culminated in the 2007 purchase...