Homebuilders are supposed to be a winners under the new tax incentive plan and with mortgages now priced at less than 5%. But after the close came a filing showing that Robert…
Douglas A. McIntyre According to Reuters, car company executives went before Congress and pleaded for billions of dollars. Reuters reports that governments are bracing for a long crisis ahead. Reuters reports that Paulson says the…
These are ten of the top pre-market early bird upgrades and downgrades we are seeing from analysts this Friday morning: H.B. Fuller (NYSE: FUL) Raised to Overweight at JPMorgan. Och-Ziff Capital (NYSE:…
Did you think you would see a home builder file an open shelf registration statement to raise cash in the current market or in the state of housing and the economy today? …
Douglas A. McIntyre Credit Suisse has decided that something is a amiss in the housing sector this morning and cut the ratings on the group. They are listed below. DR Horton (DHI) Cut to Neutral.…
Struggling upscale homebuilder Toll Brothers (TOL) saw its homebuilding revenue fall 34% for the third quarter, but CEO Robert Toll is sounding an optimistic note, telling shareholders that "Although the rate of…
Douglas A. McIntyre These are not all of the analyst calls out there but these are some of the calls we see having an impact on trading this Wednesday morning with more than two hours…
The case for housing and home building stocks may be this simple. When smart money comes into the industry, the bottom should be near. Unless smart money has an idiot fringe, an…
As the financial crisis spreads quickly from Wall St. to other industries, two large home building projected have received default notices. The problems involve developments in Las Vegas where house prices has…
Lehman Brothers has initiated coverage of some key homebuilders this morning: DR Horton (NYSE: DHI) started as Overweight. Hovnanian (NYSE: HOV) started as Underweight. KB Home (NYSE: KBH) started as Equal-Weight. Lennar…
If you have been watching homebuilders of late, you’ll notice a sharp disconnect between the headlines still coming out and the stock prices of many homebuilders. The move today is partly attributed…
Things are getting worse at Toll Brothers (NYSE: TOL) For fiscal 2008’s first quarter ending January 31, home building revenues of approximately $842.7 million declined 22% compared to the same period a…
Douglas A. McIntyre This morning, Banc of America has actually upgraded the homebuilder sector. This may be the first such round of upgrades from a brokerage firm across the board in what seems like forever. …
On tonight’s MAD MONEY on CNBC, Jim Cramer noted that selling stocks today isn’t a good idea and that this will be good for retail stocks and others too. You have to…
Below is some of the top pre-market news affecting individual shares that 247WallSt.com is reviewing: AMERCO (NASDAQ: UHAL) announce a $50 million share buyback plan. Children’s Place Retail Stores (NASDAQ: PLCE) NOV…