U.S. equity markets opened lower this morning, but climbed out of their hole early with a boost from the strong showing on consumer sentiment. In Asia, China posted retail sales and industrial…
Virtually every publicly traded homebuilder stock has posted a new 52-week high in the last month and many now trade above their consensus target prices even though they have come off those…
The three major U.S. stock indexes opened flat this morning, and after a brief stay in positive territory, shares went negative and remained no better than flat for most of the day.…
Hovnanian Enterprises Inc. (NYSE: HOV) may have been the hardest hit of all the publicly traded homebuilders since the housing market collapse began in 2007. The share price dipped below a dollar…
Share prices for homebuilders’ stocks began rising at the beginning of the year and all but two of the homebuilders we looked at in our value search have doubled share prices in…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Thursday morning. Allscripts Healthcare Solutions (NASDAQ: MDRX) raised to Overweight at JPMorgan. American Electric…
The three major US stock indexes opened higher this morning most likely due to the lack of bad news on the Eurozone’s financial troubles (more coverage here). Asian markets got a chance…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Monday morning. American Water Works Company Inc. (NYSE: AWK) raised to Outperform at…
The three major US stock indexes opened about 1% higher this morning following the news that non-farm payrolls grew by a much larger-than-expected 163,000 (our coverage here). Once investors warmed up to…
Beazer USA Homes Inc. (NYSE: BZH) reported a third fiscal quarter net loss of $0.38 per share and $254.6 million in revenue before markets opened today. The net loss for the same…
Paul Ausick The three major US stock indexes opened lower this morning as the Bank of England left interest rates alone (our coverage here) and the European Central Bank (ECB) did the same (our…
Signs of a recovery in the US housing market are everywhere. The National Association of Homebuilders/Wells Fargo housing market index is just the latest signal. The index rose 6 points in July,…
Homebuilder Beazer Homes USA Inc. (NYSE: BZH) today priced a secondary offering of 22 million shares of common stock at $2.90/share, a discount of about 2.7% from last night’s closing price of…
Paul Ausick When the market is stable or when shares are strong, many companies choose to unload shares to raise capital. It may hurt the shareholders today but these moves can help grow a…
This morning’s report on the S&P Case-Shiller housing price index indicated that housing prices continue to fall in the US (our coverage here). Shortly before the January data was released, homebuilder Lennar…
