U.S. equity markets opened lower this morning and trailed slowly downward all day. The situation in Cyprus was unchanged this morning (more coverage here). In Europe, both manufacturing and non-manufacturing PMI fell…
ThinkstockThe National Association of Realtors (NAR) reports that the seasonally adjusted annual rate of existing home sales in February rose 0.8% to 4.98 million from an upwardly revised total of 4.94 million…
ThinkstockKB Home (NYSE: KBH) reported first-quarter 2013 results before markets opened this morning. The home builder posted a quarterly diluted earnings per share (EPS) loss of $0.16 on revenues of $405.2 million.…
Paul Ausick U.S. equity markets opened higher this morning and maintained the upside, anticipating that today’s FOMC statement would not provoke any surprises. And the markets were not surprised (more coverage here). In Europe,…
ThinkstockBy now you are likely well aware that the housing crisis is not just over. The housing market is undersupplied and many markets are experiencing huge booms in their pricing. Many economists preach…
ThinkstockFollowing about 10 months of mostly steady improvement in share prices, growth has flattened out a little in the homebuilders’ stocks. Upbeat reports on the state of the housing market, historically low…
Jon OggThese are some of this Tuesday’s top analyst upgrades, downgrades and initiations seen from Wall St. research calls. Baidu Inc. (NASDAQ: BIDU) cut to Market Perform at Raymond James and cut…
U.S. equity markets opened mixed this morning following a depressing report on U.S. GDP growth, which turned out to be negative (more coverage here). Even a good jobs report from ADP couldn’t…
Jon OggThese are this Wednesday’s top analyst upgrades, downgrades and initiations seen from Wall St. research calls. Amazon.com Inc. (NASDAQ: AMZN) cut to Outperform at CLSA and maintained Outperform and target raised…
ThinkstockWe have written at great length about the resurgence of homebuilding in the United States. Like any other sector, if you go long enough without production, demand catches up with supply. Doomsday…
Flickr, Images of MoneyThe resolution for the fiscal cliff remains elusive. The politicians hate each other too much to be rational. If one sector has a lot to lose as the country…
U.S. equity markets opened flat to higher again this morning following the third revision to U.S. GDP growth in the third quarter and the report on new claims for unemployment benefits (more…
ThinkstockKB Home (NYSE: KBH) reported fourth-quarter and fiscal year 2012 results before markets opened this morning. The homebuilder posted quarterly diluted earnings per share (EPS) of $0.10 on revenues of $578.2 million.…
U.S. equity markets opened flat to higher this morning but the good vibe didn’t last long. In Europe, the Bank of England made no changes either to interest rates or its bond…
U.S. equity markets opened higher this morning and got another boost following a meeting between President Obama and House Speaker John Boehner to discuss a solution to the impending fiscal cliff. In…
