🏡 Existing Home Sales Rise Year-Over-Year for First Time in 16 Months

There’s been a lot of hullabaloo about negative interest rates lately. And with one-third of all sovereign debt now offering “investors” a negative yield on their capital, some investors may have had enough. [Trading Tips] Good morning. There’s been a lot of hullabaloo about negative interest rates lately. And with one-third of all sovereign debt now offering “investors” a negative yield on their capital, some investors may have had enough. On Wednesday morning, Germany tried to sell what was supposed to be the first ultra-long (30-year) bond with a negative yield. They managed to sell just €824 million of the total €2 billion target. In short, the Bundesbank will retain almost two-thirds of the issue. Time will tell how further sales go, but finding investors who think the overall economy will be flat or negative over a 30-year period is thankfully low for the time being. Sponsored Content [5 Pot Stocks Now Entering Their "Acceleration Phase"]( These 5 pot stocks are entering their “acceleration phase,” the phase when a stock experiences its biggest profit explosion. Fast-acting folks who get in now have the chance to get rich, as the market is expected to surge 4,067%. [Click here for details on the 5 pot stocks you MUST own now... before more states legalize.]( MARKETS DOW 26,202.73 +0.93% S&P 2,924.43 +0.82% NASDAQ 8,020.21 +0.90% *As of market close • Stocks rallied on Wednesday, on strong earnings and solid macroeconomic data. • Oil dropped slightly below $56 per barrel, despite a larger-than-expected drop in inventory. • Gold traded flat, around $1,512 per ounce. • Cryptocurrencies dropped again, with bitcoin dropping over 6 percent to around $10,100. Today’s TOP TIPS [Existing Home Sales Rise Year-Over-Year for First Time in 16 Months]( On Wednesday, existing home sale data for July rebounded by 2.5 percent, more than offsetting the 1.7 percent slide in June. The number hit expectations exactly. Sales have now risen to a five-month high, and existing home sales show the first year-over-year rise in 16 months. This data also correlates with the sale of new homes, which have also trended upwards in July, as well as pending-home sales, all showing some strength in the real estate market. » [FULL STORY]( [Benchmark Gives Nvidia a Buy Rating]( On Wednesday, a bullish report by Benchmark analyst Ruben Roy cited Nvidia (NVDA) as a company uniquely positioned to grow at a faster rate than its peers in the graphics processing space. The report cites the “increasing use of GPUs across a diverse set of growth markets.” The buy rating on the company sets a price target of $210 on shares, a 21 percent increase over the current price of $173. » [FULL STORY]( [Insider Activity: Granite Construction (GVA)]( On Tuesday, August 20th, James Roberts, President and CEO of Granite Construction (GVA), picked up 2,000 shares of the company, paying nearly $56,000 to do so. The increase in shares leaves him with just over 210,000 shares of the company. This is his second buy of the year, having picked up 3,000 shares on August 15th. The company’s CFO bought over 2,500 shares on August 12th and August 14th. A director also picked up 5,000 shares on August 7th. » [FULL STORY]( [Unusual Options Activity: ExxonMobil (XOM)]( On Wednesday, over 5,000 contracts traded on the September 2019 $69.50 put options on ExxonMobil (XOM). With a prior open interest of 260, this was a 19-fold surge in volume. With a current share price at $70, the options are just out-of-the-money. The option buyer could see a penny-for-penny move should the shares fall less than 1 percent from here. » [FULL STORY]( IN OTHER NEWS • [China is developing its own digital currency](, which would be the first for any government. • The [Trump administration floats the idea of more tax cuts](, but walked the proposal back today as analysts weighed in. • A [slowdown in the rate of stock buybacks]( may impact the market’s strength going forward. • [Wal-Mart sues Tesla after solar panels catch fire]( on store roofs. • [Sony and Disney-owned Marvel fail to reach a rights agreement]( on the character of Spider-Man. • Drug distributer [Cardinal Health warns that opioid-related lawsuits]( will continue to impact its business. • In real estate, [Meryl Streep relists Tribeca penthouse for $18.25 million](— a 26 percent reduction from a year ago. • In tech, [SiriusXM launches a $4 per month student subscription](. • In earnings, [Target beats expectations and raises full-year estimates](, sending shares to a new all-time high. • [Lowe’s beats on earnings and revenue estimates](, and beats Home Depot on same-store sales. S&P 500 MOVERS TOP TGT 20.426% LOW 10.351% ADS 5.599% JWN 5.527% KSS 4.857% BOTTOM AFL 5.553% GE 2.625% HAL 2.413% MRO 1.585% MOS 1.549% PFE Quote of the Day The drawdown will certainly help support sentiment…But the market is definitely taking the glass-half-empty type approach to data. - Daniel Hynes, commodity strategist at Australia & New Zealand Banking Group Ltd., on Wednesday’s drawdown in oil inventories having little impact on the price Sponsored Content [5 Pot Stocks Now Entering Their "Acceleration Phase"]( These 5 pot stocks are entering their “acceleration phase,” the phase when a stock experiences its biggest profit explosion. Fast-acting folks who get in now have the chance to get rich, as the market is expected to surge 4,067%. [Click here for details on the 5 pot stocks you MUST own now... before more states legalize.]( Not sure the best way to get started? 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