Want to join the conversation?
$KMX said in 1Q17, it continued to experience YoverY increase in credit applications from customers at the higher end of the credit spectrum and a decline in applications across the lower end. CAF net penetration was up over 1 percentage point to 43.9% vs. 42.7% in 1Q16. Net loans in the quarter rose 6% YoverY to $1.4Bil.
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.
$CSCO shift from hardware to becoming a software behemoth seems to be working for the company so far. Stock has seen a steady rise since the change. But is it sustainable?
Heard about the next generation iPhone. Going by the reports, it is believed that $AAPL will release three iphones this year.
Samsung chief Jay Y. Lee arrested under $36 million bribery charges. Stocks are also down. This is going to impact the sale of its Galaxy 8, set for April release. Here’s an opportunity for $AAPL to capitalize on a rival’s fall.