It is now four weeks since the S&P 500 hit its recent closing high of 946.21 on June 12. The benchmark index is down 6.7% since then and some components have been hit harder than others bringing dividend yields back up again. Here is a screen for companies that have been beaten up but might have good value in the longer term. Read More
The NAHB home buying survey for May is out, and is again showing some improvement, but not much. Present and Future expectations of sales-essentially a survey of builder sentiment-rose. But traffic in prospective buyers, which is what counts, was unchanged. Read More
The stress test results gave banks 30 days to come up with a plan for raising capital and then six months to execute on the plan. Well, no offense to Big Brother, but the banks are tripping over themselves to sell equity to be in the position to repay the double-dealing government overlords. Read More