Newspaper article Charleston Gazette Mail

Markets

Newspaper article Charleston Gazette Mail

Markets

Article excerpt

Today

Better quarter? Capital One Financial serves up its latest quarterly financial results today. Financial analysts expect the credit card issuers earnings and revenue increased in the last three months of 2016 versus a year earlier. Beyond earnings, investors will be listening for any details that may shed light on consumer borrowing trends.

Spotlight on housing New data on home sales should provide insight into the state of the U.S. housing market. Sales of U.S. homes accelerated to a seasonally adjusted annual rate of 5.61 million in November, the fastest pace in nearly a decade. Did the steady climb in mortgage interest rates through much of December dampen sales? Find out today, when the National Association of Realtors releases its latest monthly tally of sales of previously occupied U.S. homes.

Eye on Alcoa Wall Street expects that Alcoas fourth-quarter results declined from a year earlier. Alcoa is due to report earnings today for the first time since it separated from its parent company in November in order to focus on its bauxite, alumina and aluminum business, which makes and sells specialty lightweight products for aerospace, autos and other industries.

Prices trump regulatory concerns Pharmaceutical and biotech stocks surged after Donald Trumps November win led to hopes of lighter regulation. But the party broke up this month when the incoming president said the industry was getting away with murder. Should investors expect less regulation that fattens profits or a government clampdown on drug prices? When Donald Trump and Bernie Sanders are in agreement that drug prices are too high, something is going to change, said WBB Securities President Steve Brozak. Rules that prevent the government from negotiating drug prices for Medicare patients were written quickly, and they can be rewritten quickly too, Brozak said. …

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