Chuck Burton/AP WASHINGTON -- Sales of new U.S. single-family homes recorded their biggest increase in nearly 33½ years in October, suggesting the housing market recovery remains intact despite higher mortgage rates. The Commerce Department said Wednesday sales jumped 25.4 percent to a seasonally adjusted annual rate of 444,000 units. It also said new home sales fell 6.6 percent in September. The release of both the September and October reports was delayed because of a 16-day partial shutdown of the government last month. Economists polled by Reuters had expected new home sales to set a 428,000-unit pace last month. Compared with October last year, new home sales were up 21.6 percent. The strong rise in new home sales, which are measured when contracts are signed, suggested higher mortgage rate had not derailed the housing market recovery. Higher mortgage rates have slowed the pace of home sales, but demand for accommodation as household formation continues to recover from multidecade lows is keeping demand supported. Home resales fell in October for a second straight month and confidence among single-family home builders has ebbed somewhat since nearing an eight-year high in August. Strong new home sales in October saw the stock of houses on the market falling 3.7 percent after touching their highest level in nearly three years in September. Despite the tight supply of properties, the median price of a new home slipped 0.6 percent from a year-ago. At October's sales pace it would take 4.9 months to clear the houses on the market, down from 6.4 months in September. A supply of 6.0 months is normally considered as a healthy balance between supply and demand.
5 Best Prefered Stocks To Buy For 2016: Massive Dynamics Inc (MSSD)
Massive Dynamics, Inc., incorporated on March 15, 2011, is a development-stage company. The Company is providing services to communication tower operators. On August 20, 2012, Kylemore Corp. (Kylemore) approximately 90% of the Company. On April 16, 2013, the Company entered into an Asset Purchase Agreement with Real-View 3D (RV3D). With the Company's acquisition of the assets of RV3D, the Company is providing engineering and compliance to communications tower operators to three dimension (3D) imaging. RV3D is an image capture product company that has developed and is committed to design, patent, manufacture and market 3D imaging Z-axis capture products for the consumer computer peripherals market.
The Company has developed technology around an imaging technology known as structured light, which allows for the rapid capture and processing of the digital signal capture 3D images of objects or real time 3D video of a desired target. A structured light image is a calibrated grid of lines that is projected on the subject. These projected lines deviate as they fall over the subject. An image of these lines is captured. Real View 3D software can extract Z-axis data from these line deviations and a topographical map is created. To image a complete subject, the subject is rotated 360 degrees for the image and then another 360 degree rotation for capturing the structured light for the Z axis map information. The resulting Z axis map and the image are then fused into a 360 degree renderable image. This image can then be exported into many other formats for viewing. The Company's primary business will be to develop and market 3D scanning, capture, rendering, and printing products to four markets: consumer, commercial, industrial, and medical.
Advisors' Opinion:- [By Rich Smith]
The problem with that, of course, is that competition is beginning to emerge in machine selling, as small companies with names such as ExOne (NASDAQ: XONE ) and Massive Dynamics (NASDAQOTH: MSSD ) begin to horn in on the printer biz. Competition will probably arise even faster in the selling of printing composites, as Hewlett-Packard discovered to its detriment, when printer ink cartridge "refillers" began stealing away its lucrative ink business.
5 Best Gas Utility Stocks To Own For 2015: Cogent Communications Group Inc.(CCOI)
Cogent Communications Group, Inc. provides high-speed Internet access, Internet Protocol, and communications services primarily to small and medium-sized businesses, communications service providers, and other bandwidth-intensive organizations in North America, Europe, and Japan. It offers on-net services to bandwidth-intensive users, such as universities, other Internet service providers, telephone companies, cable television companies, and commercial content providers; and multi-tenant office buildings, including law firms, financial services firms, advertising and marketing firms, and other professional services businesses. The company also provides its on-net services in carrier-neutral colocation facilities, Cogent controlled data centers, and single-tenant office buildings. In addition, it offers off-net services to businesses that are connected to its network primarily by means of last mile access service lines obtained from other carriers primarily in the form of p oint-to-point TDM, POS, SDH, and/or carrier ethernet circuits. Further, the company provides voice services; and Internet connectivity to customers that are not located in buildings directly connected to the company?s network. Additionally, it operates 43 data centers that allow customers to co-locate their equipment and access its network. Cogent Communications Group, Inc. was founded in 1999 and is headquartered in Washington, D.C.
Advisors' Opinion:- [By James O'Toole]
Netflix (NFLX) relies heavily on third parties -- primarily Cogent Communications (CCOI) -- to deliver content from its servers to Internet service providers. Traditionally, broadband companies and bandwidth providers like Cogent haven't charged one another, on the assumption that traffic that flows back and forth over their networks will even out over time.
- [By The GeoTeam]
We will get more into the plain English version of what GTT does later. GTT's closest comparative publicly traded company is Cogent Communications Group, Inc. (CCOI). Cogent and Global Telecom are forecast to reach revenues of $400 million and $200 million in 2014, respectively.
5 Best Gas Utility Stocks To Own For 2015: Pinnacle West Capital Corporation(PNW)
Pinnacle West Capital Corporation, through its subsidiaries, provides retail and wholesale electric services primarily in the State of Arizona. The company involves in the generation, transmission, and distribution of electricity through coal, nuclear, gas and oil, and solar resources. It also offers energy-related products and services, such as energy master planning, energy use consultation and facility audits, cogeneration analysis and installation, and project management with a focus on energy efficiency and renewable energy to commercial and industrial retail customers in the western United States. In addition, the company owns minority interests in various energy-related investments and Arizona community-based ventures; and develops residential, commercial, and industrial real estate projects in Arizona, Idaho, New Mexico, and Utah. As of December 31, 2010, it owned or leased approximately 6,290 mega watts of regulated generation capacity; and serviced approximately 1.1 million customers. Pinnacle West Capital Corporation was founded in 1920 and is based in Phoenix, Arizona.
Advisors' Opinion:- [By Marc Bastow]
Phoenix-based bank holding company Pinnacle West (PNW) raised its quarterly dividend 4% to 56.75 cents per share, payable on Dec. 2 to shareholders of record as of Nov. 1.
PNW Dividend Yield:�3.91% - [By David Dittman]
Pinnacle West Capital Corp (NYSE: PNW) is one of the few US utilities that didn�� benefit from colder winter weather, as heating-degree days for its Arizona Public Service unit declined by 51 percent due to warmer temperatures and transmission revenue dipped, leading to a 36.4 percent drop in first-quarter earnings per share to $0.14.
- [By David Dittman]
Early solar movers have subtracted rate-payers, which eats at revenue. Utilities must continue to invest in infrastructure, and that requires rate increases. But higher electricity rates make solar installation seem less expensive, raising incentives to go solar and further eroding the rate-payer base. It’s a potentially vicious cycle for utilities.
Arizona regulators recently ruled that Pinnacle West Capital Corp (NYSE: PNW) can charge customers who install solar panels a fee based on their continued reliance on the grid, a trend that could have legs around the US. - [By Ben Levisohn]
Now don’t misunderstand. Gordon isn’t telling investors to avoid all regulated utilities. He has some favorites, including American Electric Power (AEP), Dominion Resources (D), ITC Holdings (ITC), Pinnacle West Capital (PNW) and Westar Energy (WR).
5 Best Gas Utility Stocks To Own For 2015: Scholastic Corporation(SCHL)
Scholastic Corporation, together with its subsidiaries, operates as a children?s publishing, education, and media company primarily in the United States. The company?s Children?s Book Publishing and Distribution segment publishes and distributes children?s books through school-based book clubs and book fairs, ecommerce, and the trade channel in the United States. Its Educational Publishing segment publishes and distributes educational technology products and services, curriculum materials, children?s books and collections, classroom magazines, and print and online reference and non-fiction products for grades pre-K to 12 to schools and libraries in the United States. The company?s Media, Licensing, and Advertising segment creates and produces programming and digital content for various platforms, including television, DVDs, audio, movies, interactive games, applications, and Websites. This segment produces and sells a television library consisting of approximately 50 0 half-hour productions; produces television programming, including the animated series; creates audiovisual adaptations of classic children?s picture books; produces young adult and children?s audio recordings; and creates original and licensed consumer software, including handheld and console products with accessories and mobile applications for grades pre-K to 8. This segment also develops sponsored educational materials and supplementary classroom programs in partnership with government agencies, nonprofit organizations, and business organizations; and operates a direct-to-home catalog business specializing in children?s toys. Its International segment publishes and distributes products and services in Canada, the United Kingdom, Australia, New Zealand, Ireland, India, China, Singapore, and other parts of Asia, as well as includes its export and foreign rights businesses. Scholastic Corporation was founded in 1920 and is headquartered in New York, New York.
Advisors' Opinion:- [By Jon C. Ogg]
Teradyne will replace Scholastic Corp. (NASDAQ: SCHL) in the S&P MidCap 400, and Scholastic will replace Lincoln Education Services Corp. (NASDAQ: LINC) in the S&P SmallCap 600. Lincoln Education Services currently ranks 600th in the S&P SmallCap 600 and is no longer representative of the small cap market space.
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