Shoppers Spend • REIT Buys • Fixer Upper

November 16, 2021 | Hoya Capital

Shoppers Spend • REIT Buys • Fixer Upper Daily Recap Nov 16 Written By Summary U.S. equity markets advanced Tuesday following better-than-expected retail sales and housing market data, consumer-led strength that was echoed by strong earnings results from Home Depot and Walmart. Following fractional declines yesterday, the S&P 500 advanced 0.4% today while the Mid-Cap 400 gained 0.2% and the Small-Cap 600 finished higher by 0.3%. REITs slipped 0.7%. Homebuilder confidence jumped in November, rising 3 points to 83 to a six-month high as accelerating home buyer demand offset ongoing supply chain headwinds as buyer traffic rose to five-month-highs.

Fixer Upper: Consistent with these signs of continued housing market momentum, Home Depot (HD) rallied nearly 6% today after reporting better-than-expected earnings results with comparable sales rising 6.1%. Sun Communities (SUI) rallied more than 3.5% today after it announced a $1.3B acquisition of Park Holidays UK. CubeSmart (CUBE) dipped 3% after it announced a $1.69B acquisition of Storage West. Income Builder Daily Recap This week, we launched Hoya Capital Income Builder - a premier income-focused investment research service through Seeking Alpha Marketplace - that will be the new exclusive home of all of Hoya Capital's investment research.

Income Builder focuses on real income-producing asset classes that offer the opportunity for diversification, monthly income, capital appreciation, and inflation hedging. If you're not already on board, give us a try with a completely risk-free two-week trial and take a look around. U.S. equity markets advanced Tuesday following better-than-expected retail sales and housing market data, consumer-led strength that was echoed by strong earnings results from Home Depot and Walmart. Following fractional declines yesterday, the S&P 500 advanced 0.4% today while the Mid-Cap 400 gained 0.2% and the Small-Cap 600 finished higher by 0.3%.

Real estate equities - with the exception of housing-related segments - were laggards today as the Equity REIT Index declined 0.7% today with 4-of-19 property sectors in positive territory while Mortgage ...