FRI News and Press, First Trust S&P REIT Index Fund From 01/29/23

Summary U.S. equity markets resumed their rebound this past week as investors parsed a busy slate of corporate earnings results and economic data ahead of the Federal Reserve's rate hike decision. Gaining for the third week in the past four, the S&P 500 advanced 2.5% on the week whi...

Summary Despite delivering the strongest earnings growth of any property sector in 2022, Self-Storage REITs have stumbled of late amid a post-pandemic demand normalization and pressure from elevated supply growth. Storage demand is driven largely by housing activity – specificall...

Revenue of $345 million vs. $322 million in prior year FICO (NYSE:FICO), a leading predictive analytics and decision management software company, today announced results for its first fiscal quarter ended December 31, 2022. First Quarter Fiscal 2023 GAAP Results Net income for...

Summary Political Calculations' initial estimate of the market capitalization of the U.S. new home market was $24.24 billion in December 2022. Since August 2022, the Census Bureau has been reporting substantial reductions in the number of sales with each revision. Based on recent pa...

A new survey from FICO uncovered that U.S. Consumers’ feelings about their credit scores are strongly linked to their financial well-being Highlights U.S. consumers feel the toll of the current economic landscape : One-third report that they feel financially ins...

Summary Despite lingering recession concerns and recent travel disruptions, Hotel REITs have been among the better-performing sectors over the past year, buoyed by steady post-pandemic operating improvement fueling long-awaited dividend resumptions. Several years of pent-up leisure dema...

Summary U.S. housing affordability worsened considerably in 2022, driven by expensive home prices and soaring mortgage rates. With the Federal Reserve remaining focused on inflation, a quick recovery from here is unlikely - yet another headwind for the U.S. economy in 2023. U.S. hou...

Summary The first and easiest leg of the bursting of the bubble we called for a year ago is complete. While the most extreme froth has been wiped off the market, valuations are still nowhere near their long-term averages. For those with a longer horizon than average, I believe stock...

Summary With aggressive rate hikes in its war against price inflation, the Federal Reserve pricked the housing bubble and air continues to seep out. Existing home sales fall for the 11th straight month in December. Existing home sales fell faster last year than they did in 2007, 200...

Increased spend and careful credit management kick in for the festive season, but cardholders with two missed payments continued to rise FICO’s latest report of UK card trends — for November 2022 — suggests that consumers managed their credit card debt to keep lines...