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Home sales surged. U.S. sales of previously owned homes surged by 24.7%, the most on record, in July as lower mortgage rates continued to power a residential real estate market that’s proving a key source of strength for the economic recovery. The increase in sales came as supply of existing homes plummeted 21.1%, with just 1.5 million homes for sale at the end of July. “The new listings are running a little higher than one year ago but all those new listings are being gr... |
Synopsys Inc (NASDAQ: SNPS): Synopsys shares got a boost yesterday after the company reported fiscal third quarter earnings. Synopsys reported revenue of $964.1 million, compared to revenue of $853 million in the same quarter last year. “Synopsys again executed very well in the third quarter, delivering record revenue, non-GAAP earnings per share and operating cash flow. We s... |
Is MCK a bargain, or a risk?In the pharmaceutical distribution space, there are three primary companies, each of whom work under joint venture (JV) agreements with the three largest retail pharmacy chains in the United States. Mckesson Corp (MCK) operates a JV with Walmart (WMT) to improve bargaining power versus generic drug manufacturers. For defensive purposes, I like to keep track of the major ph... |
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Featured StockSynopsys, Inc. (SNPS) – Buy Price: $217.00 or betterSynopsys, Inc. provides electronic design automation software products used to design and test integrated circuits. It offers Fusion Design Platform, a digital design implementation solution; Verification Continuum Platform that provides virtual prototyping, static and formal verification, simulation, emulation, field-programmable gate array (FPGA)-based prototyping, and debug solutions; and FPGA design products that are programmed to perform specific functions. Read More |
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