U.S. stock futures were higher this morning, with the Dow Jones futures gaining around 70 points on Thursday. Shares of Adobe Inc. (NASDAQ: ADBE) shares moved lower in pre-market trading following the release of fourth-quarter results.
GPMT stock results show that Granite Point Mortgage beat analyst estimates for earnings per share but missed on revenue for the second quarter of 2024.
Companies Reporting Before The Bell • Sony Group (NYSE:SONY) is projected to report quarterly earnings at $1.65 per share on revenue of $24.62 billion.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
The real estate investment trust (REIT) group that has investors most concerned about the Federal Reserve’s higher interest rates is rate-sensitive mortgage REITs (mREITs). This week, these three mREITs showed how deeply those concerns are felt as sellers overwhelmed buyers and each dropped to new 52-week lows.
Real estate investment trusts (REITs) continue to weaken, with a number of them hitting new 12-month lows. These reflect the negative effects on the market of the higher interest rates that the Federal Reserve is pursuing. Other factors are at work, but this is a rate-sensitive group and they’re feeling the pain.
