Housing Starts Slip
Construction on new U.S. homes moderated over the past two months after stronger gains earlier in the summer. Housing starts fell 3% to an annual rate of 1.13 million units in August. Keep in mind: starts are up 16.6% from August 2014. Meanwhile, permits for new construction, a potential sign of future demand, rebounded 3.5% to an annual rate of 1.17 million units; they dropped 15.5% in July.Market Ripples
A deadly 8.3 magnitude earthquake off the coast of Chile is a reminder of the uncertainty that can hit markets at any time. Because Chile is the world's largest copper producer, copper prices rose to two-month highs in overnight trading as traders worried about potential supply disruptions.Deal News: French Connection
In what's at least the second big global deal this week, French media giant Altice has confirmed it will buy Cablevision (CVC) for around $10 billion, or $34.90 per share, in a cash transaction, pending approvals. The deal price marks a 22% premium to Wednesday's closing price for CVC. The combination now represents the fourth-largest cable operation in the U.S. market, according to the companies. Good trading, JJ @TDAJJKinahan FIGURE 1: PRE-FED POSITIONING. The S&P 500 (SPX), charted above, has held 1950, and in Wednesday's session, made a charge near the psychologically significant 2000 line. Data source: Standard & Poor's. Chart source: TD Ameritrade's thinkorswim® platform. For illustrative purposes only. Past performance does not guarantee future results. This piece was originally posted here by JJ Kinahan on September 17, 2015.Market volatility, volume, and system availability may delay account access and trade executions.
Past performance of a security or strategy does not guarantee future results or success.
Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. Options trading subject to TD Ameritrade review and approval. Please read Characteristics and Risks of Standardized Options before investing in options.
Supporting documentation for any claims, comparisons, statistics, or other technical data will be supplied upon request.
The information is not intended to be investment advice or construed as a recommendation or endorsement of any particular investment or investment strategy, and is for illustrative purposes only. Be sure to understand all risks involved with each strategy, including commission costs, before attempting to place any trade. Clients must consider all relevant risk factors, including their own personal financial situations, before trading.
TD Ameritrade, Inc., member FINRA/SIPC. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. © 2015 TD Ameritrade IP Company, Inc. All rights reserved. Used with permission.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.