Corelogic’s home price index came out this morning and showed that home prices across the board, including and excluding distressed sales, are at a 7-year high in the US. Single-family combined homes including distressed sales rose by 1.12% MoM in March. Excluding distressed sales, it rose by 1.45% MoM.
First thing first, Keurig Green Mountain (ticker:GMCR) is not a Knowledge Leader, which means as an investment team we don’t spend a lot of time delving into the intricate details of the stock.
With European markets still closed today, there is very little in the way of company news. One item that caught our eye, however, was an analyst upgrade (from ’Reduce’ to ’Add’) for United Internet, the German Internet Software & Services company.
Oil tends to get all the headline but commodities in general continue to take a beating. The Reuters CRB Continuous Commodity Index is down nearly 24% over the past year. Our commodities diffusion index is at its lowest level since February 2009.