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…
These are some of this Thursday’s top analyst calls with upgrades, downgrades, and initiations seen from Wall Street research firms. Anadarko Petroleum Corporation (NYSE: APC) Cut to Equal-Weight at Barclays. Arch Coal…
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…
These are some of this Thursday’s key analyst upgrades, downgrades, and initiations seen in Wall Street research calls. Amazon.com Inc. (NASDAQ: AMZN) Reiterated Buy and raised target to $198 at BofA/ML. American…
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…
There is a strong revival of retail stocks occurring after two years of the damage done by a free fall in consumer expenditures. Retail companies that are part of the S&P 500…
Twitter has, by most estimates, 145 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than…
Douglas A. McIntyre 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…
These are some of this Thursday’s key analyst upgrades, downgrades, and initiations seen in Wall Street research calls. Agrium Inc. (NYSE: AGU) Removed from TD’s Action Buy List but target raised to…
Mergers are headed the way of smaller homebuilders. That is the take from Citi. The firm is looking at several companies in the sector and it featured Beazer Homes USA Inc. (NYSE:…
Defying all the mediocre views of the US housing market, PulteGroup Inc. (NYSE:PHM) reported EPS of $0.20 on revenue of $1.3 billion. Analysts had been expecting an EPS loss of -$0.01 on…
Perhaps one way to get a read on where housing construction in the US is headed is to look at the companies who supply the lumber that goes into new construction. Louisiana-Pacific…
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…
