On Friday, markets were strong with the S&P 500 up 0.7%, Toronto up 0.5% and the DOW up a full percentage point.
Correspondingly, most of the stocks on our list were up on the day. FedEx was up 2.6%, Canadian Western Bank was up 1.8%. Berkshire Hathaway was up 1.9%.
Statistics Canad released a report showing that the prices for newly built homes have remained quite stable. In the face of softer housing markets, builders have not done much discounting (though they may be doing some through incentives other than price). Most new single family homes are pre-sold before they are built. It is builders who have “spec” homes that are more likely to be forced to discount – possibly heavily.