Bryan Bottarelli, Head Trade Tactician, Monument Traders Alliance As real estate continues to evolve... One ticker that's been consistently delivering winners for us inside The War Room is Zillow (Z). As I'm sure you know, Zillow operates a series of online and mobile real estate brands. These offer you the ability to quickly and easily gather information on real estate prices, get connected with brokers and view virtual tours... all from the palm of your hand. I can tell you from experience: Zillow is the premier place to track what your neighbor paid for their house back in 2015 or see what that overpriced monstrosity on the corner finally sold for. The company operates through three segments: Internet, Media and Technology (IMT); Mortgages; and Homes. - Its IMT segment offers a marketplace for buyers, renters and agents, a new construction marketplace, and 3D interactive floor plans.
- Its Mortgages segment provides mortgage originations, mortgage sales and advertising to mortgage lenders.
- Its Homes segment offers title and escrow services.
Zillow reported earnings last week, and despite the stock dropping initially and summer sales volumes being lower than usual due to high mortgage rates, there were some clear signs of strength. The company reported revenue of $506 million and adjusted earnings per share of $0.39. But here's what I really liked... |
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