Chris Hagan, vice president at Adviser Investments, has the market analysis for Thursday, January 31. The Commerce Department reported that new home sales surpassed the forecasted rate and rose 17% from October to November to reach an eight-month high. Meanwhile, Amazon beat fourth-quarter earnings estimates, but its forward guidance missed analyst expectations. General Electric surpassed revenue forecasts and announced a tentative Justice Department settlement related to the company’s now-shuttered subprime mortgage business. In reaction to the news, General Electric’s stock saw its best one-day gain since March 2009, up 11.6%, contributing to a 34.2% return in January.
Daniel Wiener Chairman Jim Lowell Chief Investment Officer Jeffrey DeMaso Director of Research Kate Austin Equity Research Analyst Charlie Toole Vice President, Portfolio Manager Diana Linn Account Manager October 31, 2019