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New ETF Offers Exposure to Emerging Markets Excluding China
NEW YORK, Sept. 2, 2015, Emerging Global Advisors (EGA) today launched its EGShares EM Core ex-China exchange-traded fund (ETF). The new fund (TICKER: XCEM) provides broad exposure to emerging markets excluding China and Hong Kong, allowing investors to preserve or supplement emerging market portfolios without increasing their exposure to China.
“In today’s market environment, some investors have noted that China comprises a significant portion of broad-based emerging market benchmarks. That portion is growing as index funds in the category plan to increase their allocations to China through A-shares,” said EGA President and Founder Robert C. Holderith. “We launched XCEM to deliver core emerging market exposure independently of China, giving investors an option to refine their portfolios in light of other China holdings or market developments.”
XCEM tracks the EGAI Emerging Markets ex-China Index. The index is free-floating, market cap-weighted and ranked in line with broad-based, market cap-weighted conventional indices. It provides exposure to 20 countries, including South Korea, Taiwan, Brazil, India and South Africa.
“The XCEM fund is a strong fit for investors who are looking to be more conservative in their approach to China without sacrificing opportunities in other emerging markets,” said EGA Managing Director Jay McAndrew. “It also addresses the needs of investors who have a point of view on China and are looking for greater control over the size and style of their exposure to this market.”
About Emerging Global Advisors
Emerging Global Advisors (EGA) is a leading provider of strategic beta portfolios in emerging markets and we employ a disciplined, rules-based investment process rooted in research and portfolio strategy. Our investment strategies, including our EGShares suite of ETFs, are designed to help investors generate alpha within their emerging and frontier market allocations. We offer core equity, thematic and equity income emerging and frontier market exposures.
EGA Indices (EGAI), a separate group within EGA, develops strategic beta indices for emerging market exposure.
Disclosures
Carefully consider the Fund’s investment objectives, risk factors and charges and expenses before investing. This and other information can be found in the Fund’s prospectus, which may be obtained by calling + 1 888 800 4347 or by visiting the Fund’s website egshares.com to view or download a prospectus. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal.
Emerging market investments involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, from economic or political instability in other nations or increased volatility and lower trading volume. This Fund will concentrate its investments in issuers of one or more particular industries to the same extent that its Underlying Index is so concentrated and to the extent permitted by applicable regulatory guidance. Concentration risk results from maintaining exposure to issuers conducting business in a specific industry. Small-cap and mid-cap companies generally will have greater volatility in price than the stocks of large companies due to limited product lines or resources or a dependency upon a particular market niche. One cannot invest directly in an index.
ETF shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund.
Robert Holderith and Jay McAndrew are registered representatives of ALPS Distributors, Inc.
EGA and EGShares Funds are distributed by ALPS Distributors, Inc. Emerging Global Advisors acts as the investment advisor to the Fund. ALPS and Emerging Global Advisors are unaffiliated entities.
© 2015 Emerging Global Advisors, LLC. All rights reserved. EGA®, EGShares℠ and EGAI℠ are service marks of Emerging Global Advisors, LLC. All other trademarks, service marks or registered trademarks are the property of their respective owners.
CONTACT:
Steven Bodakowski
JCPR
(646) 922-7773
sbodakowski@jcprinc.com

SOURCE:
Emerging Global Advisors

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FOREX.com Q1 2014 Outlook: On the road to recovery? Market conditions poised to improve in the New Year, led by strengthening US economy.

LONDON, NEW YORK and SYDNEY, Dec. 18, 2013, FOREX.com, the retail division of GAIN Capital Holdings, Inc. (NYSE: GCAP), a global provider of online trading services; today released its Q1 2014 Market Outlook report.

FOREX.com analysts predict that USDJPY could embark on another leg higher as the Fed toys with the idea of pulling back its QE program, while the Bank of Japan sticks to the principles of Abenomics. The EUR is the Teflon currency of the G10; it is managing to defy gravity even though the growth outlook remains weak.

“2014 is set to be the year when the recovery will cement itself. With an improved economic backdrop we expect central banks to take the first steps towards normalizing monetary policy.” said Kathleen Brooks, research director FOREX.com.

“As we move into 2014, we expect a medium-term US dollar recovery, especially against the yen. Fears about a Eurozone break up may recede further into the distance helping to boost the EUR, particularly in the first quarter. Stocks and commodities may not give tapering a warm welcome, and we expect volatility in risky asset classes to rise in the first half of 2014.”

Expectations from the FOREX.com Q1 2014 Markets Outlook include:

  • USD looks ready to recover as US fiscal risks recede and the focus shifts to tapering
  • The yen looks set to underperform the rest of the G10 as the BOJ is poised to add more stimuli as the government embarks on the first sales tax rise for 17 years.
  • EUR may continue to punch above its weight and strengthen even though its domestic fundamentals remain weak
  • The AUD is likely to be a major under-performer as the RBA talks down Aussie strength and potential Fed tapering weighs on higher yielding currencies
  • Expect volatility in global stock markets as central banks take steps to wind back their enormous stimulus programmes. Too fast and stocks could fall sharply, but a steady, cautious taper, could help markets extend into fresh record-breaking territory
  • After a torrid 2013, gold is testing a critical level of resistance as we start this year. If it is breached we could see an acceleration in selling pressure and further declines

The FOREX.com Markets Outlook report for 2014 has enhanced its coverage of the  major global equity markets and commodities including gold, silver and oil markets along with the potential price ranges for key G10 FX pairs, such as EUR/USD, GBP/USD, USD/JPY, EUR/GBP and USD/CNY

The full FOREX.com Q1 2014 Markets Outlook Report is now available at www.forex.com/uk under Market Analysis.

The report is prepared by Research Director Kathleen Brooks, Senior Technical Strategist Chris Tevere, CMT, Technical Analyst Fawad Razaqzada, Research Analyst Chris Tedder and Market Strategists Matthew Weller and Neal Gilbert.

Foreign Exchange and other leveraged products involve significant risk of loss and are not suitable for all investors. Increasing leverage increases risk. Before deciding to trade foreign exchange and other leveraged products, you should carefully consider your financial objectives, level of experience and risk appetite. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. Contracts for Difference (CFDs) are not available for US residents.

GAIN Capital and its affiliates are regulated by the Commodity Futures Trading Commission (CFTC), the National Futures Association (NFA) and the Securities and Exchange Commission (SEC) in the US; the Financial Conduct Authority (FCA) in the UK; the Financial Services Agency (FSA) in Japan; the Securities and Futures Commission (SFC) in HK; the Investment Industry Regulatory Organization of Canada (IIROC); and the Australian Securities and Investments Commission (ASIC) in Australia.

The opinions and information in this report are for general information use and are not intended as an offer or solicitation to any product offered.

About GAIN Capital

GAIN Capital Holdings, Inc. (NYSE:  GCAP) is a global provider of online trading services. GAIN’s innovative trading technology provides market access and highly automated trade execution services across multiple asset classes to a diverse client base of retail and institutional investors.

GAIN’s businesses include FOREX.com, which provides retail traders around the world access to a variety of global OTC financial markets, including forex, precious metals and CFDs on commodities and indices; GTX, a fully independent FX ECN for hedge funds and institutions and OEC, an innovative online futures broker.

GAIN Capital is headquartered in Bedminster, New Jersey, with a global presence across North America, Europe and the Asia Pacific regions.  For further company information, visit www.gaincapital.com.

SOURCE:

FOREX.com

 

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Fla.’s Housing Market Continues Positive Trends in 2Q 2013

ORLANDO, Fla., Aug. 8, 2013, Florida’s housing market gained strength in second quarter 2013 with more closed sales, higher median prices, more pending sales and a shrinking supply of homes for sale compared to the same quarter in 2012, according to the latest housing data released by Florida Realtors®.

“Data from the second quarter of 2013 shows that Florida’s housing market is continuing to improve and the growth is boosting the state’s economic recovery,” said 2013 Florida Realtors President Dean Asher, broker-owner with Don Asher & Associates Inc. in Orlando. “We are experiencing an extended run of year-over-year gains in existing home sales (18 months as of June) and Realtors across the state are reporting increased activity in their markets. At 7.1 percent, Florida currently has a lower unemployment rate than the nation. As more jobs are created, it’s providing a stable foundation for future growth in the state’s housing market.”

Statewide closed sales of existing single-family homes totaled 63,173 in 2Q 2013, up 14.7 percent compared to the year-ago figure, according to data from Florida Realtors Industry Data and Analysis department in partnership with local Realtor boards/associations. Closed sales typically occur 30 to 90 days after sales contracts are written.

Meanwhile, pending sales – contracts that are signed but not yet completed or closed – for existing single-family homes rose 28.5 percent in the second quarter compared to the 2Q 2012 figure. The statewide median sales price for single-family existing homes in 2Q 2013 was $170,000, up 14.1 percent from the same quarter a year ago.

The median is the midpoint; half the homes sold for more, half for less. Housing industry analysts note that sales of foreclosures and other distressed properties downwardly distort the median price because they generally sell at a discount relative to traditional homes.

Looking at Florida’s year-to-year comparison for sales of townhouse-condos, a total of 31,829 units sold statewide in the second quarter, up 7.9 percent from the same three-month period in 2012. Pending sales for townhouse-condos in 2Q 2013 increased 18.8 percent compared to a year ago, while the statewide median for townhouse-condo properties was $129,000, up 16.7 percent over the same quarter last year.

In 2Q 2013, the median days on market (the midpoint of the number of days it took for a property to sell that month) was 51 days for single-family homes and 57 days for townhouse-condo properties.

The inventory for single-family homes stood at a 5-months’ supply for the second quarter; inventory for townhouse-condos was at a 5.2-months’ supply for the same period, according to Florida Realtors.

Florida Realtors Chief Economist Dr. John Tuccillo said, “For those who have been following the Florida real estate market, there’s not much new in these numbers. The market continues its gradual improvement and return to stability. While investors have been the major driving force in the market, we are beginning to see more owner-occupants enter the market. This is an encouraging sign.”

According to Freddie Mac, the interest rate for a 30-year fixed-rate mortgage averaged 3.69 percent for 2Q 2013, down from the previous year’s average of 3.80 percent, according to Freddie Mac.

To see the full statewide housing activity reports, go to Florida Realtors Media Center at http://media.floridarealtors.org/ and look under Latest Releases, or download the 2Q 2013 data report PDFs under Market Data at: http://media.floridarealtors.org/market-data

Florida Realtors®, formerly known as the Florida Association of Realtors®, serves as the voice for real estate in Florida. It provides programs, services, continuing education, research and legislative representation to its 118,000 members in 63 boards/associations. Florida Realtors® Media Center website is available at http://media.floridarealtors.org.

SOURCE:

Florida Realtors

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CD Rates Pause As 10-year Treasury Note Yield Retreats From 2013 Highs

TheStreet and RateWatch Report Top CD Rate Issuers

NEW YORK, July 23, 2013, RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today national averages generally remained unchanged at record-low levels.

Movements in CD rates have paused as the 10-year Treasury Note yield has slightly retreated from 2013 highs and after Federal Reserve Chairman Ben Bernanke offered no major surprises in his testimonies to Congress.

“With banks showing little appetite to shift CD rates in the near term, and a typically slow August approaching, the next month could remain quiet for savers seeking an increase in CD rates,” reported Joe Deaux, TheStreet’s Economist.

NATIONAL AVERAGE RESULTS – $10K

This week Last week
Money Market 0.11 0.11
1 month CD 0.06 0.06
3 month CD 0.09 0.09
6 month CD 0.15 0.15
1 year CD 0.23 0.23
2 year CD 0.37 0.37
3 year CD 0.50 0.50
4 year CD 0.62 0.62
5 year CD 0.81 0.81

TOP RATE ISSUERS – $10K
This is a list of issuers with top interest rates. The issuer’s Financial Strength Rating is an independent, unbiased evaluation of quarterly regulatory statements. Institutions are assigned a letter grade of A-E with “A” representing the highest rating based on a review of many aspects of financial safety including capitalization, asset quality, profitability and liquidity. For more information, visit www.weissratings.com/help/what-our-ratings-mean.aspx.  Information is believed to be accurate, but not guaranteed.

Money Market Financial Strength Rating Minimum to Earn Interest
($)
APY
(%)
First NBC Bank B- 10000 1.260
504-671-3550
http://www.firstnbcbank.com
Doral Bank D- 5000 0.940
212-584-6820
http://www.doralbankny.com
Sallie Mae Bank A- 1 0.900
801-281-1423
http://www.salliemaebank.com
Mercantil Commercebank, National Association C 10000 0.900
305-460-8701
http://www.mercantilcb.com
Ally Bank B+ 1 0.840
877-247-2559
www.ally.com
1 Month CD Financial Strength Rating Minimum to Earn Interest
($)
APY
(%)
Carter Bank & Trust C+ 2500 0.500
276-632-2901
http://www.carterbankandtrust.com
Beal Bank USA B- 1000 0.400
702-598-3500
http://www.bealbank.com
Umbrellabank.com C 1000 0.400
866-862-7355
http://www.umbrellabank.com
Beal Bank, SSB C 1000 0.400
469-467-5000
www.bealbank.com
Merchants Bank of Indiana A- 1 0.350
317-805-4300
http://www.merchantsbankofindiana.com
3 Month CD Financial Strength Rating Minimum to Earn Interest
($)
APY
(%)
Beal Bank USA B- 1000 0.510
702-598-3500
http://www.bealbank.com
Umbrellabank.com C 1000 0.510
866-862-7355
http://www.umbrellabank.com
Institution for Savings In Newburyport B 1 0.500
978-462-3106
http://www.institutionforsavings.com
Doral Bank D- 500 0.500
850-914-2525
http://www.doralbankflorida.com
FirstBank Florida D+ 1000 0.500
305-740-9522
http://www.firstbankfla.com
6 Month CD Financial Strength Rating Minimum to Earn Interest
($)
APY
(%)
Doral Bank D- 500 1.000
212-584-6820
http://www.doralbankny.com
CapitalSource Bank B+ 10000 0.800
888-433-4272
http://www.capitalsourcebank.com
Beal Bank USA B- 1000 0.750
702-598-3500
http://www.bealbank.com
Discover Bank C+ 2500 0.650
888-765-6654
http://www.discoverbank.com
VirtualBank B- 10000 0.650
561-776-8860
http://www.virtualbank.com
1 Year CD Financial Strength Rating Minimum to Earn Interest
($)
APY
(%)
Doral Bank D- 500 1.200
212-584-6820
http://www.doralbankny.com
Beal Bank USA B- 1000 1.110
786-347-3601
http://www.bealbank.com
CapitalSource Bank B+ 10000 1.010
888-433-4272
http://www.capitalsourcebank.com
Nationwide Bank B+ 10000 0.960
614-249-6226
http://www.nationwide.com
Ally Bank B+ 1 0.940
877-247-2559
www.ally.com
2 Year CD Financial Strength Rating Minimum to Earn Interest
($)
APY
(%)
Doral Bank D- 500 1.450
212-584-6820
http://www.doralbankny.com
Emigrant Bank C+ 1000 1.150
212-850-4521
http://www.emigrant.com
First Republic Bank B+ 5000 1.150
415-392-1400
http://www.firstrepublic.com
CapitalSource Bank B+ 10000 1.150
888-433-4272
http://www.capitalsourcebank.com
Nationwide Bank B+ 10000 1.150
614-249-6226
http://www.nationwide.com
3 Year CD Financial Strength Rating Minimum to Earn Interest
($)
APY
(%)
First NBC Bank B- 10000 1.820
504-671-3550
http://www.firstnbcbank.com
Doral Bank D- 500 1.600
212-584-6820
http://www.doralbankny.com
Boiling Springs Savings Bank C 1000 1.500
201-939-6600
http://www.bssbank.com
Community Bank C+ 1000 1.400
800-239-9427
http://www.dodcommunitybank.com
Emigrant Bank C+ 1000 1.400
212-850-4521
http://www.emigrant.com
4 Year CD Financial Strength Rating Minimum to Earn Interest
($)
APY
(%)
Institution for Savings In Newburyport B 1 2.000
978-462-3106
http://www.institutionforsavings.com
Boiling Springs Savings Bank C 1000 1.750
201-939-6600
http://www.bssbank.com
Doral Bank D- 500 1.650
212-584-6820
http://www.doralbankny.com
Emigrant Bank C+ 1000 1.650
212-850-4521
http://www.emigrant.com
Intervest National Bank C 2500 1.600
212-218-8383
http://www.intervestnatbank.com
5 Year CD Financial Strength Rating Minimum to Earn Interest
($)
APY
(%)
Institution for Savings In Newburyport B 1 2.000
978-462-3106
http://www.institutionforsavings.com
Hingham Institution for Savings B 500 2.000
781-749-2200
http://www.hinghamsavings.com
Boiling Springs Savings Bank C 1000 2.000
201-939-6600
http://www.bssbank.com
First Republic Bank B+ 5000 2.000
415-392-1400
http://www.firstrepublic.com
First NBC Bank B- 10000 1.970
504-671-3550
http://www.firstnbcbank.com

Financial Strength Rating: A=Excellent, B=Good, C=Fair, D=Weak, E=Very Weak
Plus sign “+” = top of range, Minus sign “-” = bottom of range

Data is surveyed weekly with averages calculated each Monday afternoon from RateWatch’s unbiased national interest rate survey of over 96,000 financial institution locations across the United States.

About RateWatchFor over 20 years, RateWatch has been the premier provider of competitive interest rate and product information to financial institutions across the United States.  Consistently providing top quality, highly relevant data RateWatch maintains the largest database in the industry with deposit, loan, and fee information monitoring over 96,000 locations. Rate surveys, product comparisons, financial strength reporting, local/regional/national averages, fee reporting, specialty reports and more are available.  To learn more about RateWatch, visit www.rate-watch.com.  RateWatch is a division of TheStreet, Inc.

About TheStreet
TheStreet, Inc. (www.t.st) is the leading independent digital financial media company providing business and financial news, investing ideas and analysis to personal and institutional investors worldwide.  The Company’s portfolio of business and personal finance brands includes: TheStreet, RealMoney, RealMoney Pro, Stockpickr, Action Alerts PLUS, Options Profits, MainStreet and RateWatch. To learn more, visit www.thestreet.com.  The Deal, the Company’s institutional business, provides intraday coverage of mergers and acquisitions and all other changes in corporate control.  To learn more, visit www.thedeal.com.

Contact:

Emily Schneider
TheStreet, Inc.
212-321-5521
emily.schneider@thestreet.com

Joe Deaux
TheStreet, Inc.
212-321-5086
joseph.deaux@thestreet.com

SOURCE:

TheStreet, Inc.
http://www.thestreet.com

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Prudential Real Estate Outlook Survey: Home Ownership Is Increasingly Important to Younger Americans

IRVINE, Calif., Feb. 1, 2013, Prudential Real Estate, an HSF Affiliates LLC company, today released its end-of-year Outlook Survey, which shows that Millennials and Generation X place a higher importance on and hold more favorable views toward homeownership than older generations. According to the national survey, confidence increased marginally among respondents with 73% at least somewhat confident in the recovering real estate market and property values as opposed to 72% in Q2.

Additionally, “Contemplators”, survey participants who considered but did not buy/sell a property during the past year, displayed a 10% increase in confidence over Q2 figures for both the U.S. real estate market and home prices indicating they will likely keep their eye on the market.

“Millennials and Generation X – about 85 million people strong – face a unique opportunity in U.S. housing,” said Earl Lee, chief executive officer at HSF Affiliates LLC and president of Prudential Real Estate. “They are generally optimistic about homeownership and, by nature, share a strong sense of community. As important, many were not impacted by the real estate downturn and are looking at today’s buying opportunities with keen interest.”

Key observations include:

  • Home ownership remains important to 96% of Americans with 77% of respondents ages 25-34 and 78% ages 35-44 indicating home ownership is “very important.” More so, 74% of respondents agree that with interest rates at historically low levels now is a great time to buy a home.
  • Space, safety and investment drive the reasons to own a home, with 97% respondents stating that home ownership allows for more control over living space. Tax benefits finished a distant sixth on the survey’s reasons for buying a home.
  • 63% of Americans have a favorable or somewhat favorable perception of the U.S. residential real estate market and, again, younger generations are more likely to possess a favorable opinion when compared to their older counterparts.

“We feel there are many contemplating real estate now,” said Lee. “With interest rates near historic lows and prices in many markets still well off their highs, a home remains one of the best long-term investments people will make.”

However, the survey also shows consumers remain cautious about real estate process, with 62% of respondents stating that obtaining financing is more challenging than it was pre-financial crisis. Given the dynamics and challenges of the market, 72% feel that having a trusted partner for the process is important, with younger generations being most concerned about finding reliable sources of information.

“The housing market has finally turned the corner,” said Stephen Phillips, chief operating officer for HSF Affiliates LLC. “It’s been a tough road but the momentum we are seeing across the economy and real estate market appears sustainable. Real estate agents have a real opportunity to develop new relations with a younger generation ready to invest in a home, and with others who are returning to the market thanks to improving conditions.”

The full survey details are available upon request and infographic illustrating those points is available here.

Prudential Real Estate Outlook Survey Methodology

Interviews with 5,000 Americans who are “in the market” to buy or sell a home were conducted online by EdelmanBerland, between December 5-14, 2012. Respondents are aged 25-64 with a household income of at least $50,000, and either recently bought/sold a home or are considering buying/selling a home. The margin of error is +/- 1.4% for all respondents.

About Prudential Real Estate and HSF Affiliates LLC

Prudential Real Estate is a part of the HSF Affiliates LLC real estate brokerage family, which includes Real Living Real Estate and the new Berkshire Hathaway HomeServices(SM) brand available later in 2013. Prudential Real Estate franchisees are independently owned and operated. Companies are selected based upon outstanding performance records and high levels of customer service.

HSF Affiliates LLC, based in Irvine, Calif., is a joint venture of HomeServices of America and Brookfield Residential Property Services.

Prudential, the Prudential logo and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities and are used under license, with no other affiliation with Prudential.

Contact:
Kevin Ostler
(949) 794-7980
kevinostler@hsfranchise.com

Alyssa Camacho
(212) 642-7732
alyssa.camacho@edelman.com

SOURCE: HSF Affiliates LLC

RELATED LINKS: http://www.prudentialrealestate.com

 

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SP500 Earnings Report Database: Netflix, KeyCorp, Pfizer, General Electric, American International Group, and EMC 

HONG KONG, Jan. 25, 2013, EarningForecast.com has issued consensus earnings forecast reports and equity research for the following companies: Netflix (NASDAQ: NFLX), KeyCorp (NYSE: KEY), Pfizer (NYSE: PFE), General Electric (NYSE: GE), American International Group (NYSE: AIG), and EMC (NYSE: EMC).

(Read full report by clicking the link below, you may need to copy and paste the full link to your browser.)

Report Highlights:

Netflix, Inc. (NASDAQ: NFLX): On January 23, Netflix, Inc. (NASDAQ: NFLX) announced fourth-quarter 2012 profit of US$0.13 a share, well above analysts’ estimate of a loss of US$0.12 a share. Revenue for the quarter jumped 10.10% to US$945 million from a year ago, versus the consensus estimate of US$934.12 million. By the end of Thursday’s trading, Netflix shares soared US$43.60 (or 42.22%) to US$146.86 and made a new 52-week high of US$149.17. See NFLX earnings forecast report here.

Read Full Report: http://www.earningforecast.com/PR/012513A/NFLX/Netflix.pdf

KeyCorp (NYSE: KEY): KeyCorp (NYSE: KEY) shares slumped US$0.06 (-0.65%) for the session to US$9.24 on hefty volume of 45.94 million shares, above its average volume of 14.75 million shares. KeyCorp has a market capitalization of US$8.63 billion with price ranged within US$6.80 – US$9.50 over the past 52 weeks. Investors may want to find out where KEY will go from here. Observe comprehensive KeyCorp earnings forecast report here.

Read Full Report: http://www.earningforecast.com/PR/012513A/KEY/KeyCorp.pdf

Pfizer Inc. (NYSE: PFE): Pfizer Inc. (NYSE: PFE) shares began the trading session with a price of US$26.87 and throughout the session made a new 52-week high of US$27.30. At the close of the trading day, the stock finally gained 0.75% to US$26.85. Pfizer shares was traded above average volume with 44.45 million shares traded, 13.86 million shares more than its daily average. Check PFE earnings forecast report below.

Read Full Report: http://www.earningforecast.com/PR/012513A/PFE/Pfizer.pdf

Today EarningForecast.com also observed abnormal trade volume for the following companies; Check out the consensus earnings forecast reports below:

General Electric Company (NYSE: GE):

Read Full Report: http://www.earningforecast.com/PR/012513A/GE/GeneralElectric.pdf

American International Group, Inc. (NYSE: AIG):

Read Full Report: http://www.earningforecast.com/PR/012513A/AIG/AmericanInternationalGroup.pdf

EMC Corporation (NYSE: EMC):

Read Full Report: http://www.earningforecast.com/PR/012513A/EMC/EMC.pdf

About EarningForecast.com:

EarningForecast.com focuses on tracking and monitoring company Earnings Data for top market movers in US stocks market. EarningForecast.com features a team of experienced data analysts striving to provide the investment community with the tools, software, and data necessary to carry out more effective investment research.

Important Disclaimer:
Please visit: EarningForecast.com/disclaimers/index.php for details.

SOURCE: EarningForecast.com

 

 

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PCA: All 50 States Expected to Experience Housing Recovery in 2013

2013 Housing Starts Approach the One Million Mark

SKOKIE, Ill., Jan. 18, 2013, Since 2005, tepid economic growth and high foreclosure rates have depressed home prices, bloating inventories and preventing start activity. In 2013, economists are revising nearly a decade of pessimism and forecasting growth throughout the residential construction industry.

A new report from the Portland Cement Association (PCA) projects total housing starts to reach 954,000 units in 2013, reflecting further improvement on 2012’s nearly 30 percent growth.

“The possibility of one million starts in 2013 should not be dismissed,” PCA Chief Economist Ed Sullivan said. “Although the first half 2013 will be mired in a fiscal cliff hangover, we are decidedly optimistic about second half economic growth, job creation and consumer sentiment – all of which translate into a stronger home sales and starts activity.”

Even stronger growth in homebuilding is predicted to materialize in 2014 with starts surpassing 1.1 million.

In another optimistic turn from previous residential forecasts, PCA expects the recovery to be broad-based and is projecting all 50 states will see increases in single family housing this year. Already underway in the interior U.S., the emergence of accelerating construction growth has begun to appear in some of the hardest hit states during the housing bubble burst. These regions are now likely to lead growth in coming years as the long depressed markets begin to return to housing construction rates consistent with their demographics.

“As the recovery unfolds, regions that once lagged recovery now begin to emerge as growth leaders. The Southwest and Southeast, for example, still have the weakest housing fundamentals on a relative basis to the Interior U.S, but on a construction activity basis, given the extremely depressed bases from which these regions are recovering from, they will likely be the housing growth leaders in coming years,” Sullivan said.

PCA expects multifamily construction to continue to grow at a strong pace as favorable fundamentals fuel the sector. Multifamily starts recorded a 55 percent gain in 2011 and 36 percent growth in 2012. PCA expects an additional growth of 15 percent in 2013 to 277,000 units. Damaged credit due to foreclosure activity and tight mortgage lending standards have combined to create robust apartment demand.

About PCA
The Portland Cement Association represents cement companies in the United States and Canada. It conducts market development, engineering, research, education, and public affairs programs. More information on PCA programs is available at www.cement.org.

To obtain a copy of PCA’s analysis of the housing sector, contact Patti Flesher at pflesher@cement.org.

SOURCE: Portland Cement Association

 

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