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New Home Listings Growth Outpaces Sales For First Time in 2026, Zillow Says

New for-sale home listings in the US grew at a faster rate annually than sales for the first time this year as elevated mortgage rates stalled recovery, Zillow Group (Z, ZG) said Wednesday.New listings rose 2.1% year over year to 426,356 units in April, while sales eased 0.4% to 323,631 units, according to the real estate marketplace. Active inventory increased 3.7% last month, putting the total number of for-sale homes at 1.3 million."The spring rebound we anticipated at the start of the year and that produced the stronger sales figures in March was put on pause in April by higher rates," Zillow Chief Economist Mischa Fisher said. "Still, someone who held off in 2025 hoping conditions would improve has seen that improvement."Last week, the average interest rate for 30-year fixed mortgages with conforming loan balances of $832,750 or less increased to 6.45% from 6.37% sequentially, a report by the Mortgage Bankers Association showed Wednesday.The monthly mortgage payment on a typical home in the US dropped 3.4% annually to $1,829 last month, while home values rose 0.7% to $366,712, Zillow said.The share of listings with a price reduction was 23.5% in April, down one percentage point from a year earlier, but up 0.9 percentage point sequentially.Despite the recent rise in mortgage rates, buyers who waited out the market of 2025 are entering on slightly better terms this spring, with more options, improved affordability and a little more decision time, according to Zillow."With more homes to choose from and lower monthly costs than a year ago, the math has shifted in favor of buyers even if the moment may not feel like it," Fisher said. "There's still plenty of reason for optimism that we will see a quick rebound if rates cooperate."On Tuesday, government data showed that new-home sales in the US grew past Wall Street's estimates for March, driven by a demand surge in the Northeast region.Price: $44.82, Change: $+1.28, Percent Change: +2.94%

$Z$ZG

Sectors55d ago

Sector Update: Consumer

Consumer stocks were higher late Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 1.9%.In corporate news, Restaurant Brands International's (QSR) Q1 earnings and revenue topped Wall Street's estimates Wednesday, while the restaurant operator's comparable sales growth was in line with consensus. Its shares were down 5.9%.

$QSR

Research55d ago

Research Alert: CFRA Maintains Buy Opinion On Shares Of Johnson Controls International Plc

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target to $160 from $153. This is based on an average of a forward P/E of 27.1x our FY 27 EPS view of $5.60 ($152), above the five-year average of 18x on promising sales growth due to favorable demand trends and robust EBIT expansion, and our DCF model, using a terminal growth rate of 2.5%, WACC of 7.9%, and 10-year FCFF CAGR of 12.0% ($168). We increase our adjusted EPS estimates to $4.85 from $4.64 for FY 26 and to $5.60 from $5.51 for FY 27. JCI shares were down slightly following the release, and we think guidance for in-line FQ3 earnings wasn't positive enough considering the company's streak of nine consecutive earnings beats. However, we note JCI's history of conservative guidance and see significant upside longer term from data center spend and customer investments in cooling infrastructure. In our view, this remains a key growth driver. Therefore, we would use any weakness as a buying opportunity. In our opinion, JCI's risk/reward potential remains compelling at current levels.

$JCI

Wire55d ago

Kemper Keeps Quarterly Dividend at $0.32 a Share, Payable June 2 to Holders of Record May 18

$KMPR

Insider Trading55d ago

Monolithic Power Systems Insider Sold Shares Worth $601,848, According to a Recent SEC Filing

Maurice Sciammas, Executive Vice President, Worldwide Sales & Marketing, on May 05, 2026, sold 380 shares in Monolithic Power Systems (MPWR) for $601,848. Following the Form 4 filing with the SEC, Sciammas has control over a total of 274,004 common shares of the company, with 178,644 shares held directly and 95,360 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1280452/000121465926005668/xslF345X05/marketforms-73064.xmlPrice: $1660.20, Change: $+71.48, Percent Change: +4.50%

$MPWR

Oil & Energy55d ago

Market Chatter: Second Adnoc LNG Cargo Appears to Exit Persian Gulf During Iran War

Adnoc appears to have exported a second liquefied natural gas cargo through Hormuz since the war began in late February, according to multiple media reports.Ship-tracking data showed Adnoc-owned tanker Mraweh carrying cargo near northern Indonesia on Wednesday.After remaining idle near Hormuz's eastern passage on Apr. 19, the vessel disappeared from tracking systems for more than two weeks before reappearing.Only one other LNG shipment has exited the Persian Gulf since the conflict began, with the Mubaraz tanker resurfacing near southern India after disappearing in late March, according to media reports.Satellite imagery captured Tuesday showed another tanker berthed at Das Island, signaling Adnoc continues loading LNG cargoes, according to a Bloomberg report.Risks across Hormuz remain elevated as Washington and Tehran continue struggling to secure a peace agreement while maintaining separate blockade measures.Adnoc did not immediately respond to' request for a comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Wire55d ago

Bumble Q1 Earnings Rise, Revenue Declines; Shares Fall

Bumble (BMBL) shares were down more than 21% in Wednesday trading, a day after the company reported a year-over-year decline in Q1 revenue.The company reported Q1 earnings Tuesday of $0.34 per diluted share, up from $0.13 a year earlier.Analysts polled by FactSet expected earnings of $0.28.Revenue for the three months ended March 31 was $212.4 million, down from $247.1 million a year earlier.Analysts surveyed by FactSet expected $211.6 million.For Q2, the company expects revenue of $205 million to $213 million. Analysts polled by FactSet expect $211 million.Price: $3.39, Change: $-0.91, Percent Change: -21.10%

$BMBL

Oil & Energy55d ago

US Biofuels Update: Peace Agreement Talks Sink Soybean, Soybean Oil Futures

Biofuels feedstock futures closed sharply lower on Wednesday, as a rumor that the US and Iran were near a peace agreement pressured broad markets.The Chicago Board of Trade July soybean futures contract closed 1.38% lower at $11.94 per bushel, while the CBOT July soybean oil futures contract settled 2.46% lower at 75.02 cents per pound.On Tuesday, the June ethanol futures contract on the Nymex ended 0.98% lower at $2.03 per gallon.US President Donald Trump warned of higher intensity bombings if Iran does not agree to a deal. He said the US is also pausing efforts to escort ships through the Strait of Hormuz.Broadly, US officials played down Iran's strikes on US warships.Rhett Montgomery, DTN analyst, said the soybean market fell for a second straight session."Soybean prices were primarily pressured by a sharply lower soybean oil market (by way of lower energy futures), albeit the first lower session for that market in ten sessions," Montgomery said in a daily note."Now with the President Trump visit to China appearing to be on schedule to occur regardless, rumors of de-escalation have become bearish given the weight on energy futures and soybean oil's sensitivity to those markets, particularly diesel," Montgomery said.On Wednesday, the Energy Information Administration reported that for the week ending May 1, US ethanol production averaged 1.02 million barrels per day, above 1 mmb/d last week and unchanged from 1.02 mmb/d a year ago.Domestic ethanol inventories ended the week at 26 million barrels, above 25.9 mmbbls a week ago, and 25.2 mmbbls a year ago.

Wire55d ago

Market Chatter: Flutter Unit FanDuel's CEO Ousted After Five Years at Company

Flutter Entertainment (FLUT) unit FanDuel's chief executive officer Amy Howe has been ousted from the post after five years with the company, CNBC reported Wednesday, citing people familiar with the matter.FanDuel's president Christian Genetski is expected to take up the CEO role, the people said, according to the news outlet.Flutter Entertainment declined to comment formally, but said it is not challenging the CNBC piece, while FanDuel did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $99.41, Change: $-3.92, Percent Change: -3.79%

$FLUT

Wire55d ago

Update: DaVita Shares Rise After Deutsche Bank Upgrade

(Updates with the stock price movement and upgrade in the headline and first paragraph.)DaVita (DVA) shares rose 22% in Wednesday trading after Deutsche Bank upgraded the stock to buy from hold and boosted its price target to $220 from $126, a day after the company reported better-than-expected Q1 results.DaVita's adjusted earnings rose to $2.87 per diluted share from $2 a year earlier.Analysts polled by FactSet expected $2.33.Revenue in the three months ended March 31 rose to $3.42 billion from $3.22 billion a year earlier.Analysts surveyed by FactSet expected $3.36 billion.The company boosted full-year guidance for adjusted EPS from continuing operations to the range of $14.10 to $15.20 from the prior forecast of $13.60 to $15.Price: $191.63, Change: $+34.59, Percent Change: +22.02%

$DVA

Wire55d ago

IQVIA's Growth Setup Looks Positive After Q1 Beat, RBC Says

IQVIA (IQV) posted better-than-expected Q1 revenue and EPS, reinforcing contract research organization recovery thesis, RBC Capital Markets said in a note Tuesday."We believe the setup is positive," the report said, pointing toaccelerated organic growth, AI tailwind, and mid-to-high single digits growth in forward-looking demand indicators.The note pointed to improving growth in Commercial, driven in part by strength in Patient Solutions and analytics & consulting.The report said it reflects large pharma deploying capital towards late-stage assets with the highest probability of success.AI-enabled offerings are also gaining traction, with clients selecting IQVIA to build AI-ready data foundations and record pipelines in analytics & consulting, the report added.RBC kept its outperform rating and $221 price target.Price: $177.38, Change: $+0.96, Percent Change: +0.54%

$IQV

Wire55d ago

Blaize Shares Fall After Pricing Public Offering of Common Shares

Blaize (BZAI) shares fell 21.3% on Wednesday after the company said it priced a public offering of over 18.9 million common shares at $1.85 apiece for gross proceeds of $35 million.The company will grant the underwriters a 30-day overallotment option to buy up to an additional 2.8 million common shares, according to a statement.Net proceeds will be used for general corporate purposes, the company said.The offering is expected to be completed on May 7, subject to closing conditions, according to the company.Price: $1.81, Change: $-0.50, Percent Change: -21.65%

$BZAI

Wire55d ago

Update: Oscar Health Shares Rise After Higher Q1 Results

(Updates with the latest stock movement in the first paragraph and headline.)Oscar Health (OSCR) shares were up past 10% in Wednesday afternoon trading after the company reported higher Q1 results.The company reported Q1 adjusted earnings Wednesday of $2.07 per diluted share, up from $0.92 a year earlier.Analysts polled by FactSet expected $1.11.Revenue for the quarter ended March 31 was $4.65 billion, up from $3.05 billion a year earlier.Analysts surveyed by FactSet expected $4.90 billion.The company reaffirmed its full-year 2026 guidance across all metrics.Price: $19.79, Change: $+1.85, Percent Change: +10.32%

$OSCR

Research55d ago

Research Alert: CFRA Keeps Hold Rating On Shares Of Neurocrine Biosciences Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our target price to $175 from $167, based on 16.0x our 2027 EPS estimate, a discount to NBIX's five-year historical forward P/E average of 21.1x. We raise our 2026 EPS view to $8.94 from $8.86 and our 2027 EPS estimate to $10.92 from $9.42. We continue to be bullish on shares of NBIX after the company announced a robust Q1 2026, with net product sales surpassing $800 million for the first time in the company's history, a 44% increase Y/Y. This performance was largely due to the continued growth of Ingrezza and the successful launch of Crenessity. We are also encouraged by the proposed $2.9 billion acquisition of Soleno Therapeutics, expected to close during Q2 2026, which will add Vykat XR to NBIX's commercial portfolio and strengthen the growth outlook. In our view, the company is advancing a deep pipeline successfully, with six new Phase I and four new Phase II programs that it plans to initiate during the year.

$NBIX

Wire55d ago

Update: Vermilion Energy Shares Fall After Q1 Swings to Loss

(Updates with the latest stock movement in the headline and the first paragraph.)Vermilion Energy (VET) shares were down more than 13% in Wednesday trading after the company reported a Q1 loss, missing analyst expectations and swinging from a profit a year earlier.The company reported a Q1 loss of 0.95 Canadian dollar ($0.70) per diluted share, swinging from earnings of CA$0.10 a year earlier.A single analyst polled by FactSet expected earnings of CA$0.27.Sales for the quarter ended March 31 were CA$513.3 million, up from CA$468.7 million a year earlier.A single analyst surveyed by FactSet expected CA$512.8 million.Price: $11.81, Change: $-1.82, Percent Change: -13.35%

$VET

Wire55d ago

Update: TransMedics Shares Drop After Oppenheimer Downgrade Following Q1 Miss

(Updates with the latest stock price movement and Oppenheimer downgrade in the headline and the first paragraph.)TransMedics (TMDX) shares fell past 25% in afternoon trading on Wednesday after Oppenheimer downgraded the stock to market perform from outperform, a day after the company posted lower-than-expected Q1 results.The company reported Q1 adjusted net income late Tuesday of $0.30 per diluted share, down from $0.74 a year earlier.Analysts polled by FactSet expected $0.60.Revenue in the three months ended March 31 rose to $173.9 million from $143.5 million a year earlier.Analysts surveyed by FactSet expected $174.5 million.The company reiterated its 2026 revenue guidance of $727 million to $757 million. Analysts expect $740.2 million.Price: $71.15, Change: $-23.78, Percent Change: -25.05%

$TMDX

Wire55d ago

Citigroup Should Aim for Return on Tangible Common Equity of 14% to 15% in Medium Term, UBS Says

Citigroup's (C) medium-term target for return on tangible common equity should be between 14% and 15%, based on investor feedback, UBS said in a Wednesday note.Further, investors are expecting an aspirational long-term target of over 15%, especially when the company is compared with its peers, UBS said. Compared with sell-side consensus of 12.8%, taken from only six analyst estimates, the brokerage considers the expectations of buy-side investors as "more critical."In order to boost its return on tangible common equity, Citigroup should reduce its Common Equity Tier 1, which sits at 12.7%, 110 basis points above the regulatory minimum. UBS notes that peers such as Bank of America (BAC) and Goldman Sachs Group (GS) have a buffer range of 50 basis points at the low end.Global Systemically Important Bank recalibration is expected to lower Citigroup's surcharge to 3%. Assuming this, a stress capital buffer range of 2.5% to 3%, and a 50 basis-point management buffer, the company's 2028 consensus net income would imply a return on tangible common equity of 13.1% to 14.4%, according to the note.UBS's rating on the company's stock is neutral with a price target of $134.Price: $128.25, Change: $+0.24, Percent Change: +0.19%

$BAC$C$GS

Wire55d ago

DraftKings Integrating Market-Making Into Predictions a Key Catalyst for Higher Marketing Spend, Oppenheimer Says

DraftKings (DKNG) integrating market-making into Predictions is seen as a key catalyst for increased marketing spend, as it could generate higher lifetime value and customer acquisition cost thresholds, Oppenheimer said in a note emailed Wednesday.The brokerage expects Q1 revenue and earnings before interest, taxes, depreciation and amortization of $1.6 billion and $143 million, respectively, compared with Street consensus of $1.63 billion and $150 million. It forecasts Q2 revenue and EBITDA of $1.67 billion and $284 million, compared with Street estimates of $1.57 billion and $271 million, according to the note.Oppenheimer believes April had strong holds, and anecdotal usage suggests levers around profit-boosts and early wins could support May handle as comparisons ease.The firm said it has yet to see Predictions iterations that command higher marketing spend into the World Cup, but that could change if market-making accelerates.DraftKings is set to report Q1 results Thursday.Oppenheimer maintained an outperform rating on DraftKings with a $35 price target.Price: $24.58, Change: $+0.40, Percent Change: +1.68%

$DKNG

Wire55d ago

Update: Super Micro Computer Shares Rise After Fiscal Q3 Adjusted Earnings Beat

(Updates with the latest stock price movement in the headline and the first paragraph.)Super Micro Computer (SMCI) shares rose more than 22% in Wednesday trading, a day after the company reported a fiscal Q3 adjusted earnings beat.The company reported fiscal Q3 adjusted earnings late Tuesday of $0.84 per diluted share, up from $0.31 a year earlier.Analysts polled by FactSet expected $0.62.Revenue for the three months ended March 31 was $10.24 billion, up from $4.60 billion a year earlier.Analysts surveyed by FactSet expected $12.39 billion.For fiscal Q4, the company expects adjusted EPS of $0.65 to $0.79 and revenue of $11 billion to $12.50 billion. Analysts expect EPS of $0.55 and revenue of $11.06 billion.For the full-year fiscal 2026, the company expects revenue in the range of $38.90 billion to $40.40 billion. Analysts expect $40.89 billion.Price: $34.03, Change: $+6.20, Percent Change: +22.27%

$SMCI

Treasury55d ago

US Treasury Closing Levels

3:00 Tuesday vs 3:00 Monday2yr 99-24 vs 99-20; 3.867% vs 3.934%5yr 99-13 vs 99-04; 4.001% vs 4.069%10yr 98-05 vs 97-23; 4.354% vs 4.413%30yr 97-00 vs 96-13+; 4.941% vs 4.980%2/10 48.437 bps vs 47.739 bps5/30 93.871 bps vs 90.966 bps

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US Markets55d ago

New Home Listings Growth Outpaces Sales For First Time in 2026, Zillow Says

$Z$ZG