SPDR Homebuilders ETF
NYSE ARCA: XHB
$100.93
+$0.77 (+0.8%)
Closing price April 22, 2024
Over the last couple of week’s, two of the best performing ETFs were the iShares Dow Jones US Home Construction ETF (NYSE: ITB), up more than 7%, and the SPDR Series Trust S&P Homebuilders (NYSE:...
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Homebuilder PulteGroup Inc. (NYSE: PHM) employed more than 13,000 people at the end of 2005. The company now employs less than 4,800, and that number is set to fall again, but as many as 10. That’s...
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The economic data on the housing front seems to have very little to cheer about. Maybe there is some hope on pending sales today, but actual sale closings in existing homes and new homes just...
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Analysts at Goldman Sachs Group Inc. (NYSE: GS) have had a revelation. The company has added homebuilder PulteGroup, Inc. (NYSE: PHM) to its ‘Conviction Buy’ list. The only possible explanation...
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Spring is traditionally the best season for new home builders. In 12 of the past 14 years, sales of new homes peaked in March or April. If 2011 is going to live up to some rosy expectations, then...
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The Mortgage Bankers Association publishes a summary of mortgage applications every week, and as a barometer of home sales it adds some color to the official reports from the government. For last...
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A second homebuilder has reported fourth quarter and full-year earnings that handily beat very low expectations. Lennar Corp. (NYSE: LEN) reported this morning that it had quarterly EPS of $0.17 on...
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Homebuilder KB Home (NYSE: KBH) posted a surprise EPS gain of $0.23 for its fourth quarter of 2010 ended in November. Analysts had expected an EPS loss of -$0.17. The company’s revenue fell by -33%...
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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...
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The elections are over and the Republicans took over the House but not the Senate as expected. Today is D-Day for Quantitative Easing or QE2… Decision Day. Now it is time to deal with the...
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Things may still be difficult in America, but Germany’s Info Institute gave a German sentiment reading that was not just above expectations. It grew to the highest level in 3 years. This briefly...
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Sometimes logic can’t be used when trading economic data and stocks. The National Association Of Realtors report shows a drop of about 27% this morning for July’s existing home sales fell to a...
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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: BZH), Meritage...
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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 revenue of...
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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 despite a small loss...
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