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,…
The three major US stock indexes opened sharply higher this morning after a report from Brussels that the EU had agreed to proposal for bailing out the Eurozone’s banks (our coverage here).…
The signals are multiplying that a recovery in home construction is taking place. Earlier this week the S&P Case-Shiller housing price index showed a gain for the first time in seven months.…
The three major US stock indexes opened lower this morning and stayed in losing territory all day as investors first figured out that the two-day Eurozone summit meeting would very likely end…
Homebuilder Lennar Corp. (NYSE: LEN) reported second quarter earnings today that handily beat both EPS and revenue estimates. Excluding a one-time tax gain, the company posted EPS of $0.21 compared with a…
Hopes for a recovery in homebuilding have picked up recently, primarily as a result of pent-up demand for new household formation. All those college grads who moved back in with their parents…
The housing market is supposed to be doing better and the lack of a new recession is supposed to have helped to put in a floor under what had been consistently falling…
KB Home (NYSE: KBH) announced late yesterday that the company’s quarterly dividend for its second fiscal quarter ending in May will be reduced from $0.0625 to $0.025. In the announcement, the company’s…
Paul Ausick Homebuilder PulteGroup Inc. (NYSE: PHM) is leading homebuilding stocks into another trough today following a downgrade from S&P Capital IQ to ‘Strong Sell’. MarketWatch cites an analyst’s comment on Pulte that likely…
Markets opened about flat this morning but lost ground almost immediately as new home sales data came in weaker than expected. Then came a report that Iranian crude shipments were falling as…
Home builder KB Home (NYSE: KBH) was not expected to post a profit in its fourth quarter — and it didn’t. The company reported a fourth-quarter EPS loss of -$0.59, more than…
Paul Ausick Jon OggThese are some of this Friday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research calls. Apple Inc. (NASDAQ: AAPL) has seen targets raised this morning by Oppenheimer to…
“Cash Burn Rate,” used to value companies with little or no revenues, was a popular term in the dot-com era. The burn rate is the amount of cash that is being used…
US markets opened mixed this morning as there was not a big piece of news to drive investors in any particular direction. The Greek debt swap deal triggered a credit event and…
Jon OggThese are some of this Monday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research calls. Allscripts Healthcare Solutions, Inc. (NASDAQ: MDRX) Started as Outperform at Credit Suisse. Approach Resources…
