US Housing Starts Hit Nine Month High, up 1.4% as Building Permits Rise 9.1% in December

US housing starts rose in December 1.4% to a seasonally adjusted annualized rate of 1.702 mln units versus a consensus 1.650 mln from a revised 1.678 mln units in November (from 1.679 mln). Housing demand remains strong although high prices for building materials, lumber, supply constraints and labor shortages. Building permits rose 9.1% to a seasonally adjusted 1.873 mln in December up from a consensus 1.702 mln and a revised 1.717 mln in November (from 1.712 mln). The move suggests … Continue reading “US Housing Starts Hit Nine Month High, up 1.4% as Building Permits Rise 9.1% in December”

J.B. Hunt Transport Delivers Robust Earnings Despite Labor and Disruption Headwinds

J.B. Hunt Transportreorted better than expected Q3 earnings before the bell Friday.  $JBHT grew it’s revenues across all its segments despite labor challenges. With companies desperate to return to normal from the supply crunch freight demand has been accelerating.

US Housing Starts Rose 3.9% in August Surging in The Northeast 167.2%

US housing starts rose in August 3.9% m/m vs -7% prior, or 1615K v July’s revised 1554K. Starts surged the most in the Northeast (167.2% to the highest level since January). Building permits rose 6.0% m/m ighest level since April.

Ag Tech Giant Deere Crushes Earnings Despite Supply Chain Pressures

Iconic farming, forestry and construction equipment maker Deere is now seen as a rare hybrid of industrials and tech or Ag Tech. $DE beat second quarter earnings before the open Friday.  Supply cain issues are in focus. ARK Invest sees it as a tech company adding it to ARKQ. 

Zillow Earnings Beat as Housing Market Outlook Brightens

Real Estate firm Zillow returned a profit for the first quarter versus a loss a year ago. $Z is benefiting from the housing boom where US March housing starts soared in March 19.4%, the highest reading since June of 2006. The median existing home price was the highest on record. 

Deere Earnings Beat as U.S. Farm Sector Stabilizes

Iconic farming, forestry and construction equipment maker Deere beat first quarter earnings before the open Friday. $DE maintained guidance despite global risks, higher US dollar and higher raw materials and freight costs fueling higher expenses and uncertainty.

Deere Warns on Trade Tensions and Difficult Agriculture Conditions

Iconic farming, forestry and construction equipment maker Deere beat third quarter earnings reported before the open Wedneday but $DE also cut guidance citing global risks, higher US dollar and higher raw materials and freight costs fueling higher expenses and uncertainty.

Caterpillar Earnings Miss as Dealers Decrease Inventories, Lower China Demand

Global industrial equipment manufacturer Caterpillar reported worse than expected third quarter 2019 EPS before the market open Wednesday and again warned that China demand was falling. $CAT fell 2.5% but reversed to close up 1.2% on the day. Caterpillar also lowered full-year earnings guidance.