Tech Earnings • Homebuilders Lead • Rent Collection Updates

January 21, 2021 | Hoya Capital

Tech Earnings • Homebuilders Lead • Rent Collection Updates Daily Recap Jan 21 Written By Summary U.S. equity markets remained near record-highs Thursday following better-than-expected employment and housing data while recent coronavirus data indicates that the pandemic has finally shown signs of waning. Following gains of 1.4% yesterday, the S&P 500 finished fractionally higher today while the Dow Jones Industrial Average declined by 12-points. The tech-heavy Nasdaq 100 gained 0.8%.

After leading the gains yesterday, real estate equities were mostly lower today as the broad-based Equity REIT ETFs finished lower by 0.5% today with 16-of-19 property sectors in negative territory. Housing Starts climbed to the strongest rate in nearly 15 years in December as the red-hot U.S. housing industry has exhibited few signs of cooling into the winter months. Net Lease REIT Store Capital (STOR) announced that it collected 91% of rents in January while fellow net lease REIT Broadstone (BNL) announced that it received an investment-grade credit rating of BBB from S&P.

Real Estate Daily Recap U.S. equity markets remained near record-highs Thursday following better-than-expected employment and housing data while recent coronavirus data indicates that the pandemic has finally shown signs of waning. Following gains of 1.4% yesterday, the S&P 500 ETF ( SPY ) finished fractionally higher today while the Dow Jones Industrial Average ( DIA ) declined by 12-points. The tech-heavy Nasdaq 100 ( QQQ ) gained 0.8%. After leading the gains yesterday, real estate equities were mostly lower today as the broad-based Equity REIT ETF ( VNQ ) finished lower by 0.5% today with 16 of 19 property sectors in negative territory while Mortgage REITs ( REM ) gained 1.3%.

Three of the eleven GICS equity sectors finished higher on the day, led to the upside by the Technology ( XLK ) sector following strong earnings and a dividend hike from Intel ( INTC ). Despite the encouraging pandemic data, this week has seen a return ...