JHVEPhoto/iStock Editorial via Getty Images Freddie Mac’s (OTCQB:FMCC) total mortgage portfolio advanced at an annualized rate of 2.1% in May, bringing its balance to $3.512T, the government-sponsored enterprise said on Tuesday. That compares with the 3.5% annualized growth rate in April. Single-family refinance loan purchases and guarantee volume was $3.8BContinue Reading
ra2studio KKR (NYSE:KKR) has acquired more than 5,200 apartment units across the U.S. for $2.1B in its biggest purchase of apartment buildings ever, according to a media report. The transaction indicates that KKR is confident that the sector will rebound after a building boom weighed on rent growth in theContinue Reading
Wasan Tita Evercore ISI analysts said the “alchemy of portfolio construction” in 2024 should have four pillars, according to an Equity and Derivates Strategy macro note. First, it should have stocks that are “artificial intelligence revolutionaries.” — In other words, companies that are enabling the AI transition or using AIContinue Reading
Dilok Klaisataporn Value stocks have continued to underperform as appetite for growth remains high. But this “underperformance should not prompt investors to stay away from all value stocks entirely … as more pointed, valuation-based strategies can still deliver favorable price returns for investors,” BMO strategist Brian Belski wrote in aContinue Reading
