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Wall Street Week Ahead: Bargain-hunters look to U.S. real estate stocks as S&P nears records

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As the S&P 500 approaches fresh highs, some investors hope to pick up bargains in the battered U.S. real estate sector, where values of some major stocks have been cut in half this year.

Drugmakers will likely have tens of millions of doses of coronavirus vaccines in the early part of next year, Anthony Fauci, the top U.S. infectious diseases official, told Reuters in an interview on Wednesday.

The company, which is expected to report earnings on Aug. 10, is managing the effects of the pandemic by capping its spending until consumers once again feel comfortable congregating in large groups, Creswell said.An extension of unemployment benefits and another stimulus bill would likely provide an outsized lift to retail and residential REITs that have lagged hot sectors such as data centers, said Michael Knott, Green Street’s head of U.S. REIT Research.

More than 30% of mall-based businesses and office tenants are expected to withhold at least part of their rent payments this year, according to estimates from Green Street Advisors.

 

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As someone who remembers what lead to 2007-2012 and is in Real Estate.

Canadian Reuter’s spews leftist propaganda to sway an American election.

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