Posts for Ticker ‘TOL’

Top Analyst Upgrades, Downgrades, Initiations (ADBE, BCS, STV, FPL, FLR, GME, PCLN, TOL, TSN, TROW)

These are this Wednesday’s top 10 analyst upgrades, downgrades, and initiations seen in Wall Street research calls:

Adobe Systems NASDAQ: ADBE) Cut to Perform at Oppenheimer.
Barclays plc (NYSE: BCS) Cut to Hold at RBS.
China Digital TV (NYSE: STV) Cut to Neutral at Piper Jaffray.
FPL Group (NYSE: FPL) Raised to Buy at Citi.
Fluor (NYSE: FLR) Raised to Hold at Citi.
GameStop (NYSE: GME) Removed from Convition Buy List at Goldman Sachs (still Buy rated).
Priceline.com (NASDAQ: PCLN) Cut to Neutral at Credit Suisse.
Toll Brothers (NYSE: TOL) Raised to Outperform at Wells Fargo.
Tyson Foods (NYSE: TSN) Cut to Neutral at JPMorgan.
T. Rowe Price (NASDAQ: TROW) Raised to Outperform at Credit Suisse.

You can join our open email distribution list which goes out several times per week to be notified of key merger news, key analyst calls, top early morning day trader alerts, along with news of IPO’s, key offerings, guru investor data on Buffett and others, mergers, and more.

JON C. OGG

Posted on: November 11, 2009 – 8:11 am in Analyst Calls, Pre-Market Activity, , , , , , , , , ,

Top 10 Analyst Upgrades, Downgrades, Initiations (COH, ITG, K, LYG, WFR, STI, TWX, TOL, VMW, ZUMZ)

These are this Friday mornings top ten analyst upgrades, downgrades, and initiations of coverage from Wall Street firms:

Coach Inc. (NYSE: COH) Raised to Buy at Jefferies.
Investment Technology Group (NYSE: ITG) Cut to Neutral at JPMorgan.
Kellogg Company (NYSE: K) Raised to Buy at Citigroup.
Lloyds Banking Group (NYSE: LYG) ADR upgraded at both BNP Paribas and Credit Suisse.
MEMC Electronics (NYSE: WFR) Raised to Buy at Soleil.
SunTrust Banks (NYSE: STI) Raised to Equal-Weight at Morgan Stanley.
Time Warner Inc. (NYSE: TWX) Raised to Outperform at Credit Suisse.
Toll Brothers (NYSE: TOL) Raised to Buy at Citigroup.
VVMware (NYSE: VMW) Cut to Neutral at Goldman Sachs.
Zumiez (NYSE: ZUMZ) Raised to Buy at Jefferies.

You can join our open email distribution list to get updates on top analyst upgrades and downgrades, top day trader alerts, IPO’s, secondary offerings, Warren Buffett and other guru activity, M&A and more.

JON C. OGG

Posted on: October 30, 2009 – 8:09 am in Analyst Calls, , , , , , , , , ,

Top Analyst Upgrades (ALL, AMT, AAPL, CCI, ETFC, HGG, KBH, MFE, PCG, PG, SBUX, TOL, VMW)

These are this Friday morning’s top pre-market analyst upgrades and positive research calls from Wall Street affecting shares:

Allstate (ALL) Raised to Buy at Argus.
American Tower Corp. (AMT) Started as Outperform at Oppenheimer.
Apple (AAPL) Raised to Outperform at Macquarie.
Crown Castle International (CCI) Started as Outperform at Oppenheimer.
E*TRADE Financial (ETFC) Raised to Buy at Goldman Sachs.
Hhgregg (HGG) Raised to Overweight at Barclays.
KB Home (KBH) Raised to Overweight at JPMorgan.
McAfee (MFE) Started as Outperform at William Blair.
PG&E Corp. (PCG) Started as Overweight at Morgan Stanley.
Procter & Gamble (PG) Raised to Buy at Citigroup.
Starbucks (SBUX) Raised to Overweight at Piper Jaffray.
Toll Brothers (TOL) Raised to Overweight at JPMorgan.
VMware (VMW) Target raised to $32 from $23 at Auriga.

You can join our open email distribution list which goes out several times per week for top analyst upgrades and downgrades, top day trader alerts, IPO’s, key secondary offerings, guru investor data on Buffett and others, mergers, and more.

JON C. OGG

Posted on: September 18, 2009 – 8:10 am in Analyst Calls, Pre-Market Activity, Trading Alert, , , , , , , , , , , , ,

Media Digest 9/14/2009

newspaperReuters:   Obama is trying to push Wall St. reform.

Reuters:   German aid for Opel will go in part to Russia for operations there.

Reuters:   A global poll shows support for stimulus packages.

Reuters:   J&J (JNJ) is in talks to cut its $1.5 billion Elan investment. Read More »

Posted on: September 14, 2009 – 4:01 am in Press Digest, , , , , , , , , , , , ,

Top Analyst Downgrades (KSU, NRP, NOK, SYK, TOL)

These are this morning’s top research downgrades and cautious calls from Wall Street analysts this Monday morning with close to two hours until the market opens:

Kansas City Southern (KSU) Cut to Neutral at UBS.
Natural Resource Partners (NRP) Cut to Sell at Citigroup.
Nokia (NOK) Cut to Hold at Deutsche bank.
Stryker (SYK) Cut to Market Weight at Thomas Weisel.
Toll Brothers (TOL) Cut to Hold at Citigroup.

JON C. OGG

Posted on: August 24, 2009 – 7:53 am in Analyst Calls, , , , ,

Top Day Trader Alerts (JASO, GRMN, YRCW, JAZZ, MEDX, BMY, PETD, TOL, XHB, BRCM)

These are this morning’s top day trader alerts and most active in price and volume.  We have more detailed analysis and data on price and volume with links through to each at VSInvestor.com:

JA Solar Holding Co. (NASDAQ: JASO) is down close to 10% after poor results.

Garmin Ltd. (NASDAQ: GRMN) is down over 5% on a key analyst downgrade.

YRC Worldwide, Inc. (NASDAQ: YRCW) was down over 7% on an analyst downgrade.

Jazz Pharmaceuticals, Inc. (NASDAQ: JAZZ) was up almost 20% on an unexpected profit.

Medarex Inc. (NASDAQ: MEDX) is seeing very unusual merger arb volume after the Hart-Scott-Rodino merger review period for the Bristol-Myers Squibb (NYSE: BMY) buyout has expired.

Petroleum Development Corporation (NASDAQ: PETD) is down 5% and will be an exponential volume mover on the secondary offering.

Toll Brothers (NYSE: TOL) has some sales gains data that is strong enough to lift the SPDR S&P Homebuilders (NYSE: XHB).

This was not seen until a post-close review, but Broadcom Corp. (NASDAQ:BRCM) was seeing some very unusual PUT OPTIONS TRADING yesterday.

JON C. OGG
AUGUST 12, 2009

Posted on: August 12, 2009 – 9:26 am in Pre-Market Activity, Trading Alert, , , , , , , , , ,

Slightly Good News From Homebuilder Earnings (HOV, TOL, XHB)

Burning House ImageTraders are lightly selling Hovnanian Enterprises Inc. (NYSE: HOV) and Toll Brothers Inc. (NYSE: TOL) after the two homebuilders reported earnings between yesterday’s close and this morning’s open.  The news is also impacting the SPDR S&P Homebuilders (NYSE: XHB) on a lesser basis.
Read More »

Posted on: June 3, 2009 – 8:12 am in ETF, Housing, , ,

Media Digest 5/21/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   Congress passed a bill to put restrictions on credit card companies.

Reuters:   The Fed mulled increasing securities during its April meeting.

Reuters:   Geithner said the US was making progress fighting the credit crisis.

Reuters:   Banks expect a windfall of fees from new stock issues by companies taking advantage of markets.

Reuters:   Bank of America (BAC) will seek to replay the government $45 billion by the end of the year.

Reuters:   California voters rejected the state budget.

Reuters:   Greenspan said the US economy is improving but said banks still face capital shortfalls.

Reuters:   Fiat’s CEO said that is a 50% chance for a deal with GM’s (GM) Opel.

Reuters:   Lehman has been questioned about a securities sale.

Reuters:   China’s economy may have lost steam.

WSJ:   GMAC will get $7 billion from the Treasury.

WSJ:   Economies in Japan, Mexico, and Germany are collapsing, putting pressure on trade talks.

WSJ:   The Indiana pension fund is challenging the terms of the Chrysler bankruptcy.

WSJ:   The Senate passed the FDA tobacco bill.

WSJ:   Chrysler named a new chairman.

WSJ:   New bidders have emerge for an AIG asset management unit.

WSJ:   Alcatel-Lucent (ALU) has gotten into the mobile phone ad business.

WSJ:   Sony’s (SNE) Stringer announced his turnaround plan.

WSJ:   All 10 banks that failed “stress texts” are on their way to raising capital.

WSJ:   The SEC passed rules that would give investors more power in nominating directors.

WSJ:   Crude oil moved above $60.

WSJ:   There is a question about whether Verizon (VZ) will keep paying its current dividend.

WSJ:   Talks between Microsoft (MSFT) and Yahoo! (YHOO) are continuing.

WSJ:   The UAW will be left with little influence after the auto industry restructuring.

WSJ:   The UAW, with assets of $1.3 billion, is the richest union in the nation.

WSJ:   Toll Brothers (TOL) sees hope in the housing industry.

WSJ:   Target (TGT) see earnings about to stabilize.

WSJ:   NetApp paid $1.5 billion to buy Data Domain.

WSJ:   Oil refiners are predicting higher gas prices.

NYT:   Driving is increasing despite higher gas prices.

NYT:   China may become more picky about buying debt, including US Treasuries.

NYT:   The US insurer of pensions in being pressured by the failure of several private pensions.

NYT:   IPOs are offering encouraging signs for investors.

FT:   Google (GOOG) dropped plans to invest in the newspaper industry.

FT:   Sony (SNE) will cut its supplier network to cut procurement costs by 20%.

FT:   California is facing deep budget cuts.

Bloomberg:   Some Fed officials doubt the the stabilization of the economy will persist.

Bloomberg:   AIG (AIG) is targeting Q1 2010 as the time for selling shares in one of its Asian units.

Douglas A. McIntyre

Posted on: May 21, 2009 – 3:03 am in Autos, Banking, Bonds, Consumer Electronics, Dividend, Financial Stocks, Internet, Labor & Unions, Management Change, Mergers and Buy Outs, Oil & Gas, Press Digest, Regulation, Retail, Turnarounds, , , , , , , , , ,

Top Analyst Upgrades & Downgrades (AMGN, CS, BEAT, DV, MAR, MSFT, RIMM, SPWRA, TOL)

These are among the top research calls and analyst upgrades and downgrades we have seen early this Friday morning with over two hours until the open:

Amgen (AMGN) Raised to Outperform at Baird.
Credit Suisse (CS) Raised to Neutral at UBS.
CardioNet (BEAT) Started as Underperform at Jefferies.
Devry (DV) Cut to Neutral at Baird.
Marriott (MAR) Cut to Market Perform at FBR.
Microsoft (MSFT) Raised to Overweight at Morgan Stanley.
Research In Motion (RIMM) Raised to Buy at Citigroup.
Sunpower (SPWRA) Cut to Sell from Neutral at Merriman Curhan Ford.
Toll Brothers Inc. (TOL) Cut to Market Perform at KBW.

JON C. OGG

Posted on: April 24, 2009 – 6:30 am in Analyst Calls, , , , , , , , ,

Looking for Next Homebuilder Merger? (DHI, TOL, NVR, MDC, LEN, KBH, RYL, MTH, HOV, MHO, SPF, XHB, ITB, PKB)

We won’t bother telling you about the homebuilder merger this morning, because we already covered it once.  But in a down and out sector, you will see that traders are looking to see if there will be other mergers in the battered group.  As you will also see, the lower market cap stocks are the ones where traders are guessing as to which will be the next take-out candidate.  Our cut off was a $100 million market cap as of yesterday and every stock in the sector that we track in the U.S. is higher.

DR Horton Inc. (DHI)….. $3.5B; +5.8% at $10.78
Toll Brothers Inc. (TOL). $3.1B; +4.5% at $18.86
NVR Inc. (NVR)……….. $2.6B; +4% at $6.86
MDC Holdings Inc. (MDC).. $1.5B; +4.5% at $30.95
Lennar Corp. (LEN)……. $1.2B; +11% at $7.98
KB Home (KBH)………… $1.1B; +6% at $14.30
Ryland Group Inc. (RYL).. $728.8M; +6% at $16.80
Meritage Homes Corp(MTH). $401.3M; +7.3% at $12.99
Hovnanian (HOV)………. $125.0M; +11% at $1.72
M/I Homes, Inc. (MHO)…. $121.7M; +2.2% at $8.72
Standard Pacific (SPF)… $100.6M; +11% at $1.00

Oddly enough, the SPDR S&P Homebuilders (NYSE: XHB) ETF is only up almost 4% at $11.37.  The other ETF, the iShares Dow Jones US Home Construction (NYSE: ITB) is up 3.5% at $9.25.  This is a slightly different ETF, but the PowerShares Dynamic Building & Construct (NYSE: PKB) is up 1.3% at $9.65 on very thin volume.

JON C. OGG

Posted on: April 8, 2009 – 8:46 am in ETF, Housing, Mergers and Buy Outs, Trading Alert, , , , , , , , , , , , , ,

Toll CEO Unloads Even More Stock (TOL, XHB)

burning-house-imageToll Brothers Inc. (NYSE: TOL) has submitted two different filings showing that CEO Robert Toll unloaded 1 million shares this week.
Read More »

Posted on: March 19, 2009 – 11:39 am in Housing, Insider Activity, ,

Toll’s 3.99% 30-Year Mortgage Incentive (TOL)

Burning_houseToll Brothers (NYSE: TOL) may have a home buyer’s incentive above and beyond what other deals you have seen.  We have seen on multiple sources that the homebuilder is using a 3.99% mortgage rate fixed for 30-years to entice people to purchase homes.

Before you go rush over there, it appears that there are caveats.  There are probably many more than what we found.

Read More »

Posted on: January 21, 2009 – 5:53 pm in Economy, Housing,

Toll’s CEO Toll Still Unloading Toll Stock (TOL)

Money_stack_pic_6Homebuilders are supposed to be a winners under the new tax incentive plan and with mortgages now priced at less than 5%.  But after the close came a filing showing that Robert Toll, CEO of Toll Brothers Inc. (NYSE: TOL), unloaded roughly $11 million worth of common stock.

Read More »

Posted on: January 6, 2009 – 5:54 pm in Housing, Insider Activity,

Media Digest 12/5/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

NewspaperAccording to Reuters, car company executives went before Congress and pleaded for billions of dollars.

Reuters reports that governments are bracing for a long crisis ahead.

Reuters reports that Paulson says the financial bailout still faces hurdles.

Reuters writes that oil is steady below $44.

Read More »

Posted on: December 5, 2008 – 3:47 am in Press Digest, , , , , , , , , , , , ,

Top 10 Early Analyst Upgrades & Downgrades (FUL, OZM, REP, TOL, DOV, EMR, GA, GSK, MEDX, RDS-A)

Money_stack_picThese are ten of the top pre-market early bird upgrades and downgrades we are seeing from analysts this Friday morning:

  • H.B. Fuller (NYSE: FUL) Raised to Overweight at JPMorgan.
  • Och-Ziff Capital (NYSE: OZM) Started as Buy at Jefferies.
  • Repsol YPF (NYSE: REP) Raised to Buy from Hold at ING; Raised to Hold from Sell at Soc-Gen.
  • Toll Brothers (NYSE: TOL) Started as Outperform at KBW.
  • Dover (NYSE: DOV) Cut to Underweight at JPMorgan.
  • Emerson Electric (NYSE: EMR) Cut to Underweight at JPMorgan.
  • Giant Interactive (NYSE: GA) Cut to Perform at Oppenheimer.
  • GlaxoSmithkline (NYSE: GSK) Cut to Neutral from Buy at UBS.
  • Medarex (NASDAQ: MEDX) Started as Sell at Merriman Curhan Ford.
  • Royal Dutch Shell (NYSE: RDS-A) Cut to Hold from Buy at ING.

Jon C. Ogg
November 14, 2008

Posted on: November 14, 2008 – 7:26 am in Analyst Calls, , , , , , , , , ,

Toll Files To Raise Cash (TOL)

Toll_bros_logoDid you think you would see a home builder file an open shelf registration statement to raise cash in the current market or in the state of housing and the economy today?   Toll Brothers Inc. (NYSE: TOL) has just filed a shelf statement at the SEC which will allow the luxury home builder to sell any combination of common stock, preferred stock, warrants, or debt in the parent company or in any of its subsidiaries.

Read More »

Posted on: October 29, 2008 – 12:53 pm in Housing, Secondary Offering,

Downgrading the Homebuilders (DHI, KBH, PHM, TOL)

Credit Suisse has decided that something is a amiss in the housing sector this morning and cut the ratings on the group. They are listed below.

  • DR Horton (DHI) Cut to Neutral.
  • KB Home (KBH) Cut to Neutral.
  • Pulte Homes (PHM) Cut to Neutral.
  • Toll Brothers (TOL) Cut to Neutral.

Jon C. Ogg
September 9, 2008

Posted on: September 9, 2008 – 6:46 am in Analyst Calls, Housing, , , , , , , , ,

Toll Brothers (TOL) CEO Sees Housing Recovery — Who Cares What He Thinks?

For_sale_signStruggling upscale homebuilder Toll Brothers (TOL) saw its homebuilding revenue fall 34% for the third quarter, but CEO Robert Toll is sounding an optimistic note, telling shareholders that "Although the rate of cancellations as a percentage of our backlog remained quite elevated compared to our historical standards, total cancellations during the third quarter of 195 were the lowest quarterly total in over two years. We believe this reduction in cancellations is a positive sign."

Read More »

Posted on: August 14, 2008 – 4:05 am in Housing,

Early-Bird Analyst Upgrades & Downgrades (PHM, TOL, CCOI, LVLT, PCZ, TWB, TWT, WCN, WW)

These are not all of the analyst calls out there but these are some of the calls we see having an impact on trading this Wednesday morning with more than two hours to the market open:

  • Pulte Homes (PHM) Started as Buy at Citigroup.
  • Toll Brothers (TOL) Started as Buy at Citigroup.

Downgrades or negative calls as follows:

  • Cogent Communications (CCOI) Cut to Underperform at Oppenheimer.
  • Level 3 Communications (LVLT) Cut to Underperform at Oppenheimer.
  • Petro-Canada (PCZ) Cut to Hold at Deutsche Bank.
  • Tween Brands (TWB) Cut to Sell at Citigroup.
  • TW Telecom (TWT) Cut to Perform at Oppenheimer.
  • Waste Connections (WCN) Cut to Market Perform at FBR.
  • Watson Wyatt Worldwide Inc. (WW) Cut to Neutral at Baird.

Jon C. Ogg
August 13, 2008

Posted on: August 13, 2008 – 6:34 am in Analyst Calls, , , , , , , , ,

Standard Pacific (SPF): Housing Has Hit Bottom

The case for housing and home building stocks may be this simple. When smart money comes into the industry, the bottom should be near. Unless smart money has an idiot fringe, an outpost of stupidity with a big check book.

Standard Pacific (SPF), one of the home builders on the organ transplant list, got some good news today. The $530 million from MatlinPatterson Global Advisers is a god send. According to Reuters, "The investment was more than three times the company’s market value before the shares jumped on the announcement."

The deal sounds too good to be true for current stockholders. Senior and subordinated debt in the deal both convert above the share price when the deal was set.

The inventory of homes on the market is, according to recent data, at its highest level since 1988. S&P says that home prices are off 14% over the last year. But, the Commerce Department reports that new home sales are up. The conflicting data makes the map of the housing economy look like a plate of spaghetti.

Even with its run-up to $3.38 today, SPF is still down from its 52-week high of $22.17, which is hardly a recovery.

Douglas A. McIntyre

Posted on: May 27, 2008 – 11:12 am in Housing, , ,