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Proprietary Data Insights Top Mega And Large Cap Stock Searches This Month
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Housing (Un)Affordability In Once Chart The Juice regularly reads the CalculatedRisk Newsletter, which follows the housing market. Bill McBride, who publishes the newsletter, has been producing the index you see here since 1976. His metrics: median income; 15% down payment; 2% for property tax, insurance, and maintenance; housing prices via Case-Shiller; and 30-year mortgage rates from Freddie Mac. In a post this week, McBride estimates that, excluding the bubble, housing hasn’t been this unaffordable in a long, long time: During the housing bubble, houses were also less affordable using 30-year mortgage rates, however, during the bubble, there were many “affordability products” that allowed borrowers to be qualified at the teaser rate (usually around 1%) that made houses seem more affordable. In general, this would suggest houses are the least affordable since the housing bubble. And excluding the bubble – with all the “affordability products” – this is the worst affordability since 1989. While we’re seeing signs of a cooldown, the CalculatedRisk analysis suggests it’ll take a long, long time to return to true affordability for a significant chunk of the population. Cooldown, you say? Show us proof. Hot off the Realtor.com presses. June 2022 housing statistics. Source: Realtor.com While the median list price of a home in June hit a record $450,000 – up 16.9% annually – the month over month pace slowed slightly. Plus, we’re seeing more price reductions. Nearly 15% of sellers decreased prices this month compared to just 7.6% this time last year. That’s still 3.2% below 2017-2019 levels, however it is a glimmer of hope. Additionally, weekly inventory increased 25% year-over-year. We’re trying to be optimistic, however, at this juncture, there’s little immediate hope for the millions of aspiring homeowners priced out of the market over the last year. Scroll with us, cuz we’re about to talk about the man who could probably afford to buy a house for every single one of these priced-out people. |
I Will Prove To You Crypto’s Going Back Up
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Charlie Shrem is the “Godfather of Cryptocurrencies.” He discovered Bitcoin when it was trading for just $5. Ethereum at $109. Binance at $6. Cardano for 5 CENTS. And his next prediction is set to drop on July 30th… |
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Investing |
Once Again, Tesla Takes The Lead
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Key Takeaways:
Source: Google Finance That’s a year-to-date look at the performance of the mega and large cap stocks generating the most search interest among professional and individual investors in The Juice’s proprietary Trackstar database. Of course, Tesla’s (TSLA) out in front. Why? In large part, because of love him or hate him CEO Elon Musk. Not since Steve Jobs have we seen a corporate leader who sparks so much passion and loyalty among followers and shareholders. Sure, Musk’s considerably more polarizing, however he’s got something even Bezos doesn’t have. He keeps you on the edge of your seat awaiting the next big thing. Apple no longer owns the next big thing space. Musk took it over. It’s this wow factor and Musk’s genius and charisma (again, love him or hate him) that keeps Tesla investors excited and buying the dips (or outright crashes) even amid seemingly constant headline hysteria. The latest: Tesla embarking on Musk’s plan to cut 10% of its workforce, including recent hires and rescinding offers to people who haven’t even officially started yet. What’s Up With Visa? While it comes as no surprise that Tesla blows everyone away in Trackstar, Visa (V) isn’t necessarily a name you’d expect to see in the top five. Here’s why the stock has generated so much interest. First, Visa beat revenue and profit estimates in its most recent earnings report. But, bigger and broader than that, investors see payment processors – Visa and Mastercard (MA) specifically – as hedges against inflation. As the cost of goods and services rise, so does spending volume. Visa and Mastercard make money by collecting on a percentage of that spending. Not too fast on the buy button, because there’s a downside. If the economy goes south (and lots of people are predicting it will, if it hasn’t started already), we might see decreases in consumer and corporate spending, which would put a dent in Visa and Mastercard’s revenue. The Bottom Line: It’s easy to look in the rearview mirror. Having a crystal ball. That’s not quite so simple for investors. While Visa stock, for example, hasn’t necessarily crushed it over the last year, it has held up relatively well against its most searched-for counterparts. Going long Visa – or short for that matter – pretty much hinges on your assessment of the economy. If you see a recession coming that will lead to pullbacks in spending, Visa might actually be a stock you decide to bet against.
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