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…
We are seeing a new round of 52-week lows this Monday with some basic themes from education to food to homebuilders. Some of those tracked hitting 52-week lows are Apollo Group Inc.…
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…
These are some of this Thursday’s key analyst upgrades, downgrades, and initiations seen in Wall Street research calls. Apple Inc. (NASDAQ: AAPL) Started as Outperform with $410 at Baird (expanded details). Boston…
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…
These are some of this Tuesday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research notes: AirTran Holdings (NYSE: AAI) Cut to Neutral at JPMorgan; Cut to Neutral at UBS;…
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…
These are some of the top analyst upgrades, downgrades and initiations we have seen from Wall Street research calls this Wednesday morning: ABB Ltd. (NYSE: ABB) Raised to Buy at Goldman Sachs.…
On May 17th and May 25th, the Chicago Mercantile Exchange stopped trading in lumber futures because the contract price had fallen by the maximum allowable amount of $10. On the 25th, lumber…
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…
PulteGroup, Inc. (NYSE: PHM) is often thought of by many as the bogey of the US Homebuilding sector. If so, the company is giving a forecast that might mean profits in 2010…
Credit Suisse hit the homebuilders… KB Home (NYSE: KBH) is down 2.3% at $16.60 on fairly thin trading volume after it was lowered to Neutral from Outperform. Pulte Homes (NYSE: PHM) Cut…
On the tenth anniversary of the tech bubble of 2000, short sellers aggressively dropped their bets against hardware, software and internet companies. Figures are from February 28. The short interest in Apple…
