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The U.S. Census Bureau and the Department of Housing and Urban Development revealed that privately-owned housing units authorized by building permits were at a seasonally adjusted annual rate of 1.17MM in Aug., up from 1.13MM in July. Housing starts fell 3% from the previous month and housing completions slid 6.1%.
What will be an ideal EPS range for $PZZA in its earnings today?
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?