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Cushman & Wakefield is one of the largest commercial real estate services firms in the world, with global headquarters in Chicago. The firm provides various real estate-related services to owners, occupiers, and investors. These include brokerage services for leasing and capital markets sales as well as advisory services such valuation, project management, and facilities management.

AvalonBay Inc. is a real estate investment trust that develops, owns, and operates apartment communities. The company focuses on upper-tier apartments. The company was founded in 1978 and reincorporated in 1995, when it began to focus on apartment communities. It currently has about 305 properties containing almost 93,000 apartments, concentrated in high-wage regions. The company's portfolio is varied, with luxury high-rise urban buildings and smaller communities in suburban areas. At the end of 1H24, the REIT's average same-store rent was about $3,000 per month. The company has a concentration in New England, New York/New Jersey, and California, but has assets in 20 markets and 12 states. About one-fourth of same store properties are located in California and account for 22% of same-store NOI. About 18% of same-store properties are in the Mid-Atlantic and 16% in Metro NY/NJ. First-ring suburban assets have performed well, and future expansion is focused on new suburban areas with ground-floor retail space. AVB shares are a component of the S&P 500 and the company's market cap is about $33 billion.

U.S. stocks fell as investors digested Fed Chair Powell's remarks. He noted that the central bank does not need to be 'in a hurry' to lower interest rates. The S&P 500 closed down 0.6%, the Dow fell 0.5% and the Nasdaq lost 0.6%.

The Vickers Top Insider Picks is a daily report that utilizes a proprietary algorithm to identify 25 companies with compelling insider purchase histories based on transactions over the past three months.