ThinkstockThe homebuilding stocks were battered this week when luxury builder Toll Brothers Inc. (NYSE: TOL) released lower-than-expected earnings despite reporting revenues that were up 32% from last year. Does this mean that…
U.S. equity markets opened flat to lower this morning as it waited for data on U.S. housing starts and producer price inflation. In Europe, markets got some downward signals from a higher-than-expected…
ThinkstockToll Brothers Inc. (NYSE: TOL) reported first-quarter fiscal 2013 results before markets opened this morning. The luxury home builder reported quarterly diluted earnings per share (EPS) $0.03 on revenues of $424.6 million.…
Paul Ausick U.S. equity markets opened slightly higher this morning and managed to get within striking distance of five-year highs. There was little economic data released anywhere today, but what there was came out…
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…
ThinkstockLast month we wrote about the huge rally in the homebuilding stocks since the lows of the stock market in March of 2009. Stocks that were written off for dead like Lennar…
ThinkstockBank of America/Merrill Lynch is going positive on the housing sector. This call is in builders and in building products, but they also made a positive call on two senior housing plays.…
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…
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.…
ThinkstockThe bad timing of Wall St. analysts is legendary. As the implosion of the subprime mortgage credit market mirrored the collapse in residential and commercial market real estate values in late 2008…
U.S. equity markets opened essentially flat this morning on a day when not much new data was released. In Europe, unemployment data from Spain was awful, but not as bad as many…
Toll Brothers Inc. (NYSE: TOL) reported fourth-quarter and full-year fiscal 2012 results before markets opened this morning. The luxury homebuilder reported quarterly diluted earnings per share (EPS) $2.35 on revenues of $632.8…
Paul Ausick U.S. equity markets opened higher this morning as last Friday’s Moody’s downgrade of the European Stability Mechanism and the European Financial Stability Fund were overridden by a PMI reading for the eurozone…
ThinkstockA disappointing report for new home sales in October sure took a bite out of the homebuilder stocks today. The Census Bureau showed a 0.3% decline to 368,000 on an annualized basis. This…
