The housing situation in the US may be getting bad enough so that one or more of the major home builders could face Chapter 11, especially if the downturn goes deep into…
Hovnanian (HOV) the big home builder, recently ran a sale on a number of its houses in selected areas across the country. According to The Washington Post "the largest discounts were on…
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…
We reviewed our different portfolios of key stocks to see which ones performed the best today, and it wasn’t just the financials as a general class. At the end of the day,…
The overall news front is in a lull, but financial stocks and the market are going to be closely watched. The FOMC releases its decision on interest rates Tuesday. The bet if…
Hovnanian (HOV), the home builder, is going to have a three day sale this week. It would be more accurate to say that they will be giving the houses away, at least…
Douglas A. McIntyre According to Reuters, Intel (INTC) received antitrust charges from a branch of the South Korean government. Reuters writes that Campbell (CPB) is seeking over $1 billion for its Godiva chocolate business. Reuters…
Krispy Kreme (KKD) Downgrades, bad numbers. You name it. Drops to $3.24 from 52-week high of $13.94. BearingPoint (BE) Consulting firm releases numbers late, and they are bad. Drops to $4.80 from…
(BEAS) BEA Systems trading up 6% pre-market on 3 upgrades: Raised to Buy at B of A; raised to Buy at UBS; raised to Outperform at Bear Stearns.(BX) Blackstone earned posted revenues…
On today’s STOP TRADING segment on CNBC, Jim Cramer addressed the homebuilders all being up based on the rumors that Warren Buffett’s Berkshire Hathaway (NYSE:BRK/A). Cramer said it would more likely be…
There have been market rumors today that Warren Buffett’s Berkshire Hathaway could be buying a stake in Hovnanian Enterprises Inc. (NYSE:HOV). The truth is that anything is possible, particularly since Buffett likes…
Lennar (LEN), Hovnanian (HOV), and Beazer Homes (BZH). Forget the stock price. Each has lost about 50% of its market value of the last year. Journal Register (JRC) Newspaper chain. Down to…
SIA says that May semiconductor sales rose 2.4% from the same month last year. Piper Jaffray upgrades Packeteer (PKTR) Lehman starts Take Two (TTWO) at Underweight Credit Suisse reaffrims Outperform on Staples…
Blackstone (BX) It did just go public, but it should be doing better than this. $30.32, down from $38. W Hldg (WHI) Bank holding company says one of its asset-backed loans is…
Hovnanian (HOV) House of pain for home builders. Down to $17.36 from 52-week high of $36.66. Pulte Homes (PHM) More of the same. Drops to $23.28 from 52-week high of $35.56. Lexmark…
