Housing Numbers Shrink as Q1 Earnings Heat Up: BAC, JNJ, UNH

Zacks04-16

Tuesday, April 16th, 2024New housing data has hit the tape this morning. Housing Starts for March came in -14.7% to 1.3 million seasonally adjusted, annualized units. The previous month’s tally has ...

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The previous month’s tally has ...</p>\n\n<a href=\"https://finance.yahoo.com/news/housing-numbers-shrink-q1-earnings-142600307.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Housing Numbers Shrink as Q1 Earnings Heat Up: BAC, JNJ, UNH</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHousing Numbers Shrink as Q1 Earnings Heat Up: BAC, JNJ, UNH\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-16 22:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/housing-numbers-shrink-q1-earnings-142600307.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tuesday, April 16th, 2024New housing data has hit the tape this morning. Housing Starts for March came in -14.7% to 1.3 million seasonally adjusted, annualized units. The previous month’s tally has ...</p>\n\n<a href=\"https://finance.yahoo.com/news/housing-numbers-shrink-q1-earnings-142600307.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UNH","symbol_name":"联合健康","start_time":0,"source_url":"https://finance.yahoo.com/news/housing-numbers-shrink-q1-earnings-142600307.html","article_id":"2428872961","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/laO94mjohk7Kr7UiwK3jaw--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/e040feebde4f089c05a1488f57240568"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428872961","pubTimestamp":1713277560,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Tuesday, April 16th, 2024New housing data has hit the tape this morning. Housing Starts for March came in -14.7% to 1.3 million seasonally adjusted, annualized units. The previous month’s tally has been downwardly revised to 1.45 million from 1.52 million initially reported. Both single-family and multi-family units were lower than expected: 1.1 million and 299K, respectively.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"UNH":"联合健康","SDA":"盛大科技","MSC":"新濠影汇","BAC":"美国银行","JNJ":"强生","SDAWW":"SUNCAR TECHNOLOGY GROUP INC C/WTS 08/05/2028 (TO PUR ORD)"},"translate_title":"随着Q1收入升温，住房数量减少：BAC，JNJ，UNH","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JNJ":1,"UNH":1,"BAC":0.9,"MSC":0.9,"SDA":0.9,"SDAWW":0.9},"content_text":"Tuesday, April 16th, 2024New housing data has hit the tape this morning. Housing Starts for March came in -14.7% to 1.3 million seasonally adjusted, annualized units. The previous month’s tally has been downwardly revised to 1.45 million from 1.52 million initially reported. Both single-family and multi-family units were lower than expected: 1.1 million and 299K, respectively.\nOnly the West posted a positive number: +7.1%, compared with the -36% result in the Northeast and -23% in the Midwest. Mortgage rates all around the country — still up near 7% — are keeping a real damper on the new housing market.Building Permits — a proxy for future Starts — also fell, though not as precipitously. Coming in -4.3% from estimates, permits reached 1.46 million, below the 1.51 million anticipated and the lowest monthly figure since July. The last year and a half has brought some real flatlining to these numbers: the trailing 12-month high came in August of last year, 1.54 million, and the low came from April ’23: 1.42 million.Pre-market futures took a positive message from this. Futures ahead of the print were +185 points on the Dow, +2 on the S&P 500 and the Nasdaq +5; immediately afterward they were +215 Dow, +8 S&P and +30 Nasdaq. A cooling housing market is part of what the Fed needs to see before pulling the trigger on lowering interest rate levels.\nBy the same token, lowering rates in the near term may constitute a heating up in housing, which would increase inflation. While generational homeownership trends look to have hit a snag — not only from high mortgage rates, but “work from home” culture as well — in the near-term it’s probably a “good problem” to have.Bank of America BAC posted Q1 earnings results ahead of today’s opening bell. The banking major outperformed the Zacks consensus by 6 cents to 83 cents per share, though was still down from the 94 cents reported in the year-ago quarter. Revenues of $25.82 billion outpaced estimates by +2.4%. Unsurprisingly, interest rate income came in hotter for the quarter, as did its investment banking business. Shares were up +2% on the news in early trading. For more on BAC’s earnings, click here.Johnson & Johnson JNJ also released Q1 earnings this morning. The diversified pharma and medical devices giant beat expectations on its bottom line — $2.71 per share versus $2.64 consensus, for a +2.65% positive surprise — on revenues which came in a smidge light of estimates, -0.09% to $21.38 billion. Shares have sold off another -1% from the -7% year to date. Shares are close to near-term lows from late October last year. The company brought a Zacks Rank #3 into the earnings release. For more on JNJ’s earnings, click here.UnitedHealthcare UNH, on the other hand, is +7% on its Q1 report. Earnings of $6.91 per share sped past the $6.63 anticipated, for a +4.22% positive surprise, on $99.8 billion in quarterly sales, which narrowly beat consensus by +0.55%. Shares had taken a hit on news reports about a cyber hack having hit a recently acquired outpost — Change Healthcare, acquired in 2022 by UNH unit Optum — but shares have blossomed +7.5% in pre-market activity on the strong earnings report. For more on UNH’s earnings, click here.Questions or comments about this article and/or author? Click here>>\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nBank of America Corporation (BAC) : Free Stock Analysis Report\nUnitedHealth Group Incorporated (UNH) : Free Stock Analysis Report\nJohnson & Johnson (JNJ) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2428872961"}