Spring is traditionally the best season for new home builders. In 12 of the past 14 years, sales of new homes peaked in March or April. If 2011 is going to live…
The Mortgage Bankers Association publishes a summary of mortgage applications every week, and as a barometer of home sales it adds some color to the official reports from the government. For last…
A second homebuilder has reported fourth quarter and full-year earnings that handily beat very low expectations. Lennar Corp. (NYSE: LEN) reported this morning that it had quarterly EPS of $0.17 on revenue…
Homebuilder KB Home (NYSE: KBH) posted a surprise EPS gain of $0.23 for its fourth quarter of 2010 ended in November. Analysts had expected an EPS loss of -$0.17. The company’s revenue…
Today’s disappointing report on unemployment from the US Labor Department sent stock futures down sharply this morning. Along with that slide may have gone some glimmers of hope for US homebuilders. A…
Just last week the Mortgage Bankers Association, MBA, released its forecast for mortgage rates and numbers for the rest of 2010 and 2011. The association expect 30-year mortgages to fall through the…
There are many stocks on the move this Monday morning for active traders. Stocks we are tracking are Apple Inc. (NASDAQ: AAPL), Arena Pharmaceuticals Inc. (NASDAQ: ARNA), Expedia Inc. (NASDAQ: EXPE), Lennar…
We have several large earnings reports this week. While none are DJIA components nor broad market movers, they can impact stocks in their related sectors. Some of the top earnings this week…
These are some of this Friday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research notes this morning: Anheuser-Busch InBev (NYSE: BUD) Started as Buy at Jefferies. Barclays plc (NYSE:…
Sometimes logic can’t be used when trading economic data and stocks. The National Association Of Realtors report shows a drop of about 27% this morning for July’s existing home sales fell to…
On May 17th and May 25th, the Chicago Mercantile Exchange stopped trading in lumber futures because the contract price had fallen by the maximum allowable amount of $10. On the 25th, lumber…
These are ten of the top analyst upgrades, downgrades, and initiations seen in Wall Street research calls this Thursday: ArcelorMittal (NYSE: MT) Cut to Neutral at UBS. eBay Inc. (NASDAQ: EBAY) Raised…
These are this Tuesday’s top analyst upgrades, downgrades, and initiations seen from Wall Street research notes this morning: Apartment Investment & Management Co. (NYSE: AIV) Raised to Sector Perform at RBC Capital.…
Bank of America/Merrill Lynch has initiated coverage of the homebuilder sector this morning. Technically this is a resumption of coverage. While some are positive calls, there are still some cautious undertones here…
These are ten of the top analyst upgrades, downgrades, and initiations seen from this Tuesday’s research calls from Wall Street: Allstate Corp. (NYSE: ALL) Raised to Neutral at JPMorgan. Autodesk (NASDAQ: ADSK)…
