The average U.S. price for a gallon of regular gasoline dipped by just over a penny in the past week to $2.85, according to the latest data from GasBuddy. The price had been steady for two weeks before this week’s drop. Pump prices reached a year-to-date high of $2.97 on the Friday ahead of the Memorial Day holiday and had been declining slowly ever since.
Month over month, the price is down nearly four cents a gallon, and it remains 50 cents a gallon higher year over year. Last month the national average was $2.89, while the year-ago average was $2.349.
Retail gasoline prices slipped in 37 states this week, rose in 12 states, and saw no change in one other.
Patrick DeHaan, head of petroleum analysis at GasBuddy, said:
Yet again, average gas prices have remained fairly quiet. This summer has been remarkably mum at pumps with most states seeing prices move in an uncharacteristically small summer range of 10-20 cents per gallon or less. Oil prices continue to be range-bound between $67 and around $73 per barrel as of late as competing factors weigh on oil prices at very similar times. Oil inventories have continued to decline, but gasoline inventories remain healthy, and with summer drawing to a close and gasoline demand set to step down, we may see additional relief coming barring any disruptions to the flow of oil or gasoline such as a major hurricane.
Hot Safest Stocks To Invest In 2021: EverBank Financial Corp.(EVER)
EverBank Financial Corp, a savings and loan holding company, provides various financial products and services to individuals and small and mid-size businesses in the United States. The company operates in three segments: Consumer Banking, Commercial Banking, and Corporate Services. Its deposit products include noninterest-bearing and interest-bearing demand deposits, savings and money market accounts, and time deposits. The companys loan products portfolio comprises residential mortgage loans, mortgage warehouse financing, lender financing, owner-occupied and non-owner occupied commercial real estate, and other commercial and industrial loans; equipment financing receivables; home equity lines; and personal loans, credit card loans and lines of credit, and automobile and other loans. It also provides financial advisory, planning, brokerage, and other wealth management services. The company offers its products and services through integrated online and mobile financial portal, and financial centers. EverBank Financial Corp is headquartered in Jacksonville, Florida.
- [By Paul Ausick]
Everquote Inc. (NASDAQ: EVER) raised $84 million selling 4.7 million shares at $18, above the expected range of $15 to $17. Shares closed flat on the first day of trading and closed the week up 1%.
Hot Safest Stocks To Invest In 2021: RE/MAX Holdings, Inc.(RMAX)
RE/MAX Holdings, Inc., incorporated on June 25, 2013, is a franchisor of real estate brokerage services. Its business is to recruit and retain agents and sell franchises. The Company operates in two segments: Real Estate Franchise Services and Brokerages. The Real Estate Franchise Services segment comprises the operations of the Company’s owned and independent global franchising operations and corporate-wide professional services expenses. The Brokerages reportable segment contains the operations of its 21 owned brokerage offices in the United States (which represent less than 1% of RE/MAX brokerages in the United States), the results of operations of a mortgage brokerage company, in which it owns a non-controlling interest and reflects the elimination of intersegment revenue and other consolidation entities.
The Company operates in the real estate brokerage franchise industry in the United States, Canada and 95 other countries. The Company’s franchisees operate under the RE/MAX brand name. It functions under the franchise organizational model, with nearly all of the RE/MAX branded brokerage office locations being operated by franchisees: RE/MAX, which owns the right to the RE/MAX brand and sells franchises and franchising rights; Regional Franchise Owner, who owns rights to sell brokerage franchises in a specified region with a network of 162 regions across the globe; Franchisee (or Broker-Owner), which owns right to operate a RE/MAX-branded brokerage office, list properties and recruit agents, and Agent (or Sales Associate), which includes branded independent contractors who operate out of local franchise brokerage offices. In those regions that are owned by the Company in the United States and Canada, it enters into a five-year renewable franchise agreement with franchisees covering a standard set of terms and conditions. For those regions that are independently owned, it enters into a long-term agreement (between 15 and 20 years, with up to three renewal periods of equal length) with ! the Independent Region owner, pursuant to which the regional franchise owner is authorized to enter into franchise agreements with individual franchisees in that region.
The Company competes with Realogy Holdings Corp., Berkshire Hathaway Home Services, Keller Williams Realty, Inc. and Royal LePage.
- [By Shane Hupp]
Re/Max (NYSE:RMAX) and MDJM (NASDAQ:MDJH) are both small-cap finance companies, but which is the superior investment? We will compare the two companies based on the strength of their earnings, analyst recommendations, valuation, profitability, dividends, risk and institutional ownership.
- [By Stephan Byrd]
Get a free copy of the Zacks research report on Re/Max (RMAX)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Motley Fool Transcribers]
RE/MAX Holdings Inc (NYSE:RMAX)Q4 2018 Earnings Conference CallFeb. 22, 2019, 8:30 a.m. ET
Prepared Remarks Questions and Answers Call Participants
- [By ]
I suspect most of us are more familiar with RE/MAX (NYSE: RMAX) — and most of us can bring up the mental image of its iconic red, white and blue Hot Air Balloon.
Hot Safest Stocks To Invest In 2021: Vanguard Mega Cap Value ETF (MGV)
Vanguard Mega Cap Value ETF, formerly Vanguard Mega Cap 300 Value Index ETF, seeks to track the performance of a benchmark index that measures the investment return of the largest-capitalization value stocks in the United States. The Fund employs a passive management or indexing investment approach designed to track the performance of the Morgan Stanley Capital International (MSCI) US Large-Cap Value Index, which represents the value companies of the MSCI US Large-Cap 300 Index. The Fund will invest at least 80% of its assets in the stocks that make up its target Index. The Fund attempts to replicate the target Index by investing all, or substantially all, of its assets in the stocks that make up the Index, holding each stock in approximately the same proportion as its weighting in the Index. The Vanguard Group, Inc., through its Quantitative Equity Group (QEG), serves as the investment advisor of the Fund.
- [By Shane Hupp]
Baird Financial Group Inc. purchased a new stake in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 10,229 shares of the company’s stock, valued at approximately $761,000.