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

  • 📰 Reuters
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street impressed by space stock Maxar's latest earnings, which cleared 'a high bar'New for subscribers: Wall Street impressed by space stock Maxar's latest earnings, which cleared 'a high bar' Check out CNBCPro for a free trial.
Source: CNBC - 🏆 12. / 72 Read more »

Lionsgate Earnings, Revenues Top Wall Street EstimatesLionsgate has reported earnings of $51.1 million, or 23 cents a share, on revenues of $813.7 million for its first fiscal quarter ended June 30 — numbers that were above Wall Street estimates…
Source: Variety - 🏆 108. / 63 Read more »

Wonderful world of Disney earnings surprise boosts Wall StreetU.S. stocks climbed on Wednesday on the heels of a surprise quarterly profit from Disney and as investors stayed optimistic that a deal was near for a U.S. coronavirus fiscal aid package.
Source: Reuters - 🏆 2. / 97 Read more »