As the financial crisis spreads quickly from Wall St. to other industries, two large home building projected have received default notices. The problems involve developments in Las Vegas where house prices has…
Lehman Brothers has initiated coverage of some key homebuilders this morning: DR Horton (NYSE: DHI) started as Overweight. Hovnanian (NYSE: HOV) started as Underweight. KB Home (NYSE: KBH) started as Equal-Weight. Lennar…
If you have been watching homebuilders of late, you’ll notice a sharp disconnect between the headlines still coming out and the stock prices of many homebuilders. The move today is partly attributed…
Everyone knew homebuilders would turn one day and when they turned it would be fast and in a flurry of buying volume. Much of this may attributed to short covering, but much…
We are full blown into earnings season now. These are not all of the stocks in the news, but this is a good portion of the news in individual stocks for traders…
Lennar Corporation (NYSE: LEN) has posted its results and the initial loss reported is huge at -$7.92 per share. But the loss is from writedowns and charges of $7.50 per share (outlined…
Douglas A. McIntyre These aren’t the only analyst calls we are watching, but these are the top ten that 247wallst.com is reviewing: Activision (NASDAQ: ATVI) raised to Buy from Neutral at Piper Jaffray. Hansen Natural…
It is never good news when a home-builder sells a big portion of its real estate. Lennar (LEN) sold 11,000 home sites for $525 million. A company controlled by Morgan Stanley (MS)…
According to Reuters, a study by America’s Research Group says most shoppers will wait to buy until late in the month, looking for sales. Reutes writes that Nasdaq (NDAQ) has opened its…
Everyone keeps predicting one or more of the large US Homebuilders is going to implode because of their overbuilding and inability to sell new units at their old highly profitable margins. Most…
After reviewing the 52-week lows today, it was almost the same old trend we have been seeing day in and day out…. Lenders… Banks… Homes… and Consumer…What is obvious is that the…
We had two pieces of news today in the housing sector, and neither one of which were given a cheer. KB Home (KBH) issued earnings today and the losses were wide, but…
Vonage Hldgs (VG) After losing case to Sprint (S), the company loses an appeal against Verizon (VZ). Falls to $.89 from 52-week high of $7.89. Pulte Homes (PHM) Endless fall for home…
ACLI cut to Hold at Cantor Fitzgerald.ARRS cut to Mkt Perform at FBR.BKR cut to Neutral at Oppenheimer.BRCM cut to Mkt Perform at FBR. BZH started as Sell at UBS.CAKE started as…
Lennar posted earnings and as expected these were just ugly. The loss was $3.25 per share after charges, although this includes charges of $3.33 per share. Revenues were $2.34 Billion. Lennar’s home…
