Everyone knew homebuilders would turn one day and when they turned it would be fast and in a flurry of buying volume. Much of this may attributed to short covering, but much…
Not many stocks are likely to double. Even well-run companies like Cisco Systems (NASDAQ:CSCO) are not likely to move 2x even with great results. The market caps are already too large and…
Everyone keeps predicting one or more of the large US Homebuilders is going to implode because of their overbuilding and inability to sell new units at their old highly profitable margins. Most…
We have already noted the Van der Moolen (NYSE:VDM) exit of all NYSE Specialist activities and we’ve already covered some of the other key stocks where Van der Moolen acts as a…
Following is the short interest in stocks of major companies traded on the NYSE. Figures are as of October 15 and compare to numbers on September 28, 2007. Most of the large…
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…
The National Association of Realtors monthly Pending Home Sales Index for August came in at 85.5, Month on Month -6.5%, and Year over Year -21.5%. This is perhaps the worst data on…
No one would be surprised to see mortgage lender Countrywide (CFC) of the list of biggest losers for the third quarter The company’s shares were down 48% to $19. The fall of…
We had two pieces of news today in the housing sector, and neither one of which were given a cheer. KB Home (KBH) issued earnings today and the losses were wide, but…
Vonage Hldgs (VG) After losing case to Sprint (S), the company loses an appeal against Verizon (VZ). Falls to $.89 from 52-week high of $7.89. Pulte Homes (PHM) Endless fall for home…
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…
Thornburg Mortgage (TMA) Mortgage company faces concerns about margins calls. Analyst downgrades. Shares halted near close. Down to $7.49 from 52-week high of $28.40. Pulte Homes (PHM) Large home-builder. Nothing more need…
This morning we saw earnings out of some of the key homebuilder stocks. These numbers are almost immaterial as they are sloppy and results are all over the place and as no…
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…
Already regular members, today’s list includes Meritage (MTH), KB Home (KBH), Pulte (PHM), Lennar (LEN), and Beazer (BZH). Circuit City (CC) Electronics retail continues to disappoint. Down to $14.60 from $29.31 as…
