U.S. Day Ahead: Q1 economic growth, as good as it gets...
Thursday, April 25, 2013 - 01:45
April 25 - The U.S. is set to see GDP growth by about 3 percent in the first quarter, but expect it to go downhill afterwards.
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The latest economic growth numbers are out on Friday morning our advice don't be fooled by the headlines. GDP is -- to jump to 3% in the first quarter but that may be as good as it -- IFR experts say tax hikes and government cuts -- -- growth in the next six months. That will hit jobs. They could -- an ad and in -- it 150000. A month in the third quarter barely enough to contain unemployment. Bottom line is the labor market is unlikely to get back on track until early 2014. There's no denying homebuilders are hot right now DR Horton has soared 55%. And the last year outperforming the broader sector ET app and could go higher when it reports results its profits are set to shoot up nearly 50% from a year ago. Our -- respondents also say the company could announced it will follow in the footsteps of rival Lennar and all Brothers. And entered the apartment rental market vacancy rates are at their lowest level in over a decade. Chevron investors wanted to know -- the oil major can crank up its profits. Right now the stock is slightly underperforming the broader S&P just out over 9% since the start of the year production is still a big problem. Output from oil and gas wells which make up about nine tenths of its business are down from the previous quarter still there are optimists. Barkley says profits should actually be 4%. Better than the street's expectations. We'll follow us on Twitter at Reuters Insider and get more of our video that Reuters dot com slash writers TV don't miss our special report on how Catholics is. -- apple. It's not just because it's one of the best market performers this year. I'm pretty mom and this is prayers.
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