The Commerce Department reported that construction spending was down in June. What was surprising was that the key exchange traded funds tracking homebuilders reacted favorably to the report.
The top analyst upgrades, downgrades and other research calls from Tuesday include Apple, Lululemon, Mondelez, Tintri, Under Armour and Yandex.
Interest rates remain relatively low for homebuyers in need of a mortgage. Still, many local housing markets have experienced at least some buyer exhaustion and some trends feel like they have been…
Housing affordability has become stretched for many Americans, but if Merrill Lynch is proven correct, some of the homebuilder stocks still have more upside ahead.
The top analyst upgrades, downgrades and other research calls on Wednesday include Advanced Micro Devices, ConocoPhillips, Etsy, Marathon Oil, Square, Walt Disney and Windstream.
The top analyst upgrades, downgrades and initiations seen on Tuesday include Intuitive Surgical, Restaurant Brands, Scorpio Tankers, Teva Pharmaceutical, Under Armour and Zillow.
The op analyst upgrades, downgrades and initiations seen on Wednesday include Broadcom, Cheniere Energy, Gilead Sciences, Microchip Technology, Twitter, Lennar and Bankrate.
The top analyst upgrades, downgrades and initiations seen on Tuesday morning include Abercrombie & Fitch, Bank of America, Cisco Systems, Hertz Global, Home Depot and Wells Fargo.
Shares of WCI Communities saw a handy gain after it was announced that Lennar would be acquiring the company.
Chris Lange The squeeze on moderately priced homes has kept many would-be first-time buyers out of the market, but the signs are multiplying that those buyers may be about to see homes for sale…
Lennar reported better-than-expected second-quarter fiscal 2016 results before markets opened Tuesday morning.
Paul Ausick Independent research firm Argus has initiated coverage of homebuilder Lennar with a Buy rating and a $59 price target.
Chris Lange Lennar reported better-than-expected second-quarter fiscal 2016 results before markets opened Tuesday morning.
Paul Ausick UBS believes the housing market is moving to more volume-based growth, driven by the re-emergence of entry-level and first-time buyers.
The verdict for El Niño is in, and while it hasn’t been particularly good for cold weather retailers, it hasn’t been catastrophic either.
