Despite homebuilding slowdowns and high mortgage rates, Builders FirstSource CEO Dave Rush told CNBC’s Jim Cramer that the demand for housing remains strong. “When we came into the year, we were a little cautious as well,” Rush said. “And what proved to be the point is housing demand is really strong, and the demand for … Read more
Manufacturing PMI exceeds economists’ expectations A purchasing managers index focused on the manufacturing industry came in higher than economists expected on Thursday. S&P Global’s flash U.S. manufacturing PMI climbed to 51.5 in February â a 17-month high from 50.7 the prior month. Economists polled by Dow Jones had anticipated the index would come in at … Read more
Two centuries ago one of the first economists, David Ricardo coined the still famous investment adage “Let your profits run (on).” Makes sense. All else equal, one would prefer to own or buy stocks in uptrends, and there have been some exceptional uptrends this year. Thirty-six Russell 1000 stocks are up more than 100%. What … Read more
