CNBC's "Fast Money"
Checking In On The Housing Market… And The Future of Pharma & Health Care 2/18/25
Feb 18, 2025
Builder sentiment in the housing market has hit a five-month low, leading to concerns about tariffs and slowed luxury home sales. Meanwhile, the pharmaceutical sector is grappling with funding cuts and industry shifts, highlighted by insights from Mark Cuban. The sentiment among investors is paradoxical, with stock markets reaching record highs despite low confidence. Chinese tech stocks are also making waves, particularly Alibaba, following hints of potential government backing.
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Quick takeaways
- Builder sentiment in the housing market has dropped significantly due to concerns over tariffs and inventory challenges affecting affordability.
- Mark Cuban's Cost Plus Drugs initiative aims to disrupt pharmaceutical pricing models but highlights ongoing challenges in entering the branded drug market.
Deep dives
Housing Market Challenges
The podcast highlights the struggles of Toll Brothers, a luxury homebuilder, which experienced a significant drop in stock prices after failing to meet Wall Street's earnings and delivery expectations. CEO Doug Yearly attributed the shortfall to impairments and delays in property sales, while also disclosing a drop in year-over-year revenues. Despite this, Yearly noted that demand remains strong in high-end markets but affordability challenges and rising inventories are seriously affecting sales at the lower end. Furthermore, homebuilder sentiment saw a sharp decline, primarily due to concerns over tariffs, indicating broader issues in the housing market that could impact future performance.
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