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How Morgan Stanley Is Playing Homebuilders In 2016
Wednesday, October 14, 2015 - 2:22pm | 604Read More...Haendel St. Juste of Morgan Stanley is expecting housing to continue growing in 2016, but at a slower pace. St. Juste added that the currently industry valuation is "fair." St. Juste offered two "interesting opportunities," which consist of a price target raise on shares of Lennar Corporation (...
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This Analyst Is Using Lennar To Bet On A Housing Recovery
Tuesday, September 22, 2015 - 3:01pm | 369Read More...Lennar Corporation (NYSE: LEN) on Monday reported a stronger-than-expected third quarter print in which the company earned $0.96, exceeding the consensus estimate of $0.81. Patrick Kealey, Jr. of FBR maintained an Outperform rating on the stock with a price target raised to $60 from a...
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Going Home With Homebuilders ETFs
Thursday, September 17, 2015 - 7:50am | 604Read More...It is not a 2007 redux, but the iShares U.S. Home Construction ETF (NYSE: ITB) and the SPDR S&P Homebuilders ETF (NYSE: XHB) have been sharply outperforming the broader market in recent months. Over the past 90 days, ITB and XHB are up an average of 4 percent while the S&P 500 is off 5...
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S&P/Case-Shiller Index Rises More Than Expected Ahead Of Wednesday's Pending Home Sales
Tuesday, December 30, 2014 - 11:14am | 107Read More...The S&P/Case-Shiller Index rose by 0.76 percent, according to data released on Tuesday. The figure was higher than the 0.4 percent economists estimated. Year-over-year, the index declined 4.5 percent, down from 4.82 percent last month. Tuesday's data point marks the largest month-over-month...
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Should Investors Consider Homebuilding, Housing-Related Stocks? Sterne Agee Answers
Monday, December 29, 2014 - 10:38am | 254Read More...In a note on Monday, Carter Worth, Chief Market Technician at Sterne Agee suggested that investors take a closer look at homebuilders and housing-relating stocks heading in to the new year. According to Worth, homebuilders and housing stocks have been “dull” over the past two years...
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Deutsche Bank: Oil Price Impact On Housing 'Likely Overstated'
Thursday, December 18, 2014 - 10:37am | 299Read More...In a note to clients on Wednesday, Nishu Sood of Deutsche Bank stated that homebuilder investors shouldn't overly concern themselves about declining oil prices. Sood surveyed building and building products companies at a recent conference asking what lower oil prices means for their...
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Hovnanian Enterprises Reports 18% Increase In Sales During Q4
Wednesday, December 10, 2014 - 11:02am | 210Read More...Hovnanian Enterprises, Inc. (NYSE: HOV) reported its fourth -quarter results on Wednesday. The company earned $1.95 per share in the quarter, an 829 percent increase from the same quarter a year ago while revenue of $698.40 million improved 18 percent year-over-year. Net income for the quarter...
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Goldman Sachs Lists 9 Sectors Benefiting From Falling Oil Prices
Tuesday, November 18, 2014 - 11:40am | 369Read More...David Kostin of Goldman Sachs published a report last week titled "Denial, Anger And Acceptance of Lower Oil Prices." "Investors are still stunned by the 30 percent plunge in oil prices since June," Kostin wrote. "Everyone has come to accept the idea that crude prices...
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Buckingham Initiates Coverage On Several Homebuilders
Monday, October 20, 2014 - 1:23pm | 354Read More...Traders and investors may want to pay attention to the Homebuilding sector ahead of a busy week for the group going in to the seasonal "hope trade" period where shares of Homebuilder stocks are expected to outperform the broader index. Buckingham's housing analyst Mark Weintraub...
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Sterne Agee Previews Homebuilder Sector Earnings: Exercise Caution
Wednesday, October 15, 2014 - 2:29pm | 363Read More...Jay McCanless of Sterne Agee on Wednesday released a preview for the homebuilder sector. Within the report, McCanless holds a generally bullish tone but does recommend investors exercise some caution. "Respect the seasonal trade but exercise caution," McCanless wrote referring to the...
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Homebuilding Sector At Credit Suisse: What You Need To Know
Thursday, March 13, 2014 - 4:00pm | 622Read More...Lackluster demand and declining gross margins are the two main points that Daniel Oppenheim, research analyst at Credit Suisse, emphasized in a note to clients in which three names in the homebuilding sector were downgraded. PulteGroup (NYSE: PHM), Toll Brothers (NYSE: TOL) and William Lyon...
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Market Wrap For March 12: Nasdaq Ends Losing Streak, Dow Mildly Lower
Wednesday, March 12, 2014 - 4:51pm | 2142Read More...U.S. stocks were little changed as investors found no new positive (or negative) developments from Ukraine and no new economic reports from China. Stanley Fischer, the nominee for Federal Reserve vice chairman will deliver a prepared testimony ahead of his confirmation at the Senate Banking...
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Market Wrap For January 27: China Concerns, Declining Home Sales, Tomorrow's Fed Meeting and Obama's Speech Keep Markets Lower
Monday, January 27, 2014 - 5:48pm | 2489Read More...U.S. stocks picked up where they left off on Friday and declined today as investors have plenty on their mind. With earnings being a mixed bag, investors are looking at emerging markets and economic data to support a bullish case for equities. On the emerging market front, investors remain...
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Toll Brothers Earnings Preview: What The Analysts are Saying
Monday, December 9, 2013 - 2:59pm | 569Read More...Toll Brothers (NYSE: TOL) is expected to release its fourth quarter 2013 and full year 2013 results prior to the market open on December 10. A scheduled conference call is set for 2:00 PM EST the same day. The Street's consensus for the company's quarterly EPS is $0.42. The company pre-released...
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How Are Home Builders Holding Up?
Friday, October 25, 2013 - 3:42pm | 601Read More...Investors watching the homebuilders market are starting to see the development of an interesting trend. Many of the privately-owned homebuilder companies are expressing interest in going public, and taking steps to file prospectuses that begin the process of making shares available for sale to...
