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Stock Market & Financial Investment News

News Breaks
January 28, 2014
10:11 EDTDHID.R. Horton says weekly sales pace accelerated in January
Says weekly sales pace accelerated in January compared to Q1, which could be an early sign of strong demand to come in the spring. Says off to a strong start in FY14. Says housing market conditions continue to improve across most of its operating markets and says optimistic about the upcoming spring selling season. Comments made on the Q1 earnings conference call.
News For DHI From The Last 14 Days
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July 30, 2014
12:09 EDTDHIStocks with call strike movement; DHI APC
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July 25, 2014
10:02 EDTDHIOn The Fly: Analyst Downgrade Summary
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08:46 EDTDHID.R. Horton downgraded at MKM Partners
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07:38 EDTDHID.R. Horton downgraded to Neutral from Buy at MKM Partners
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06:22 EDTDHID.R. Horton downgraded to Neutral from Buy at MKM Partners
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July 24, 2014
17:05 EDTDHIOn The Fly: Closing Wrap
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12:32 EDTDHIOn The Fly: Midday Wrap
Stocks on Wall Street were slightly higher at midday amid another wave of earnings reports, headlined by Facebook (FB), Caterpillar (CAT), General Motors (GM) and Ford (F). The market has moved in a narrow range as investors try to digest the bevy of earnings reports that were released last night and this morning. The market has also had to battle a negative economic report on new home sales, which not only disappointed in June but saw the prior month revised lower as well. ECONOMIC EVENTS: In the U.S., initial jobless claims dropped 19K to 284K in the week ended July 19. While the BLS said there were no special factors in the claims data, they also reminded that the numbers can be very volatile at this time of year due in part to auto shutdowns. Markit's flash U.S. PMI for July dipped 1 point to 56.3 from 57.3 in June. June new home sales fell 8.1% to a 406K rate, which was worse than expected, and May's data was downwardly revised. In China, HSBC's flash manufacturing Purchasing Managers' Index rose to 52 in July from 50.7 a month earlier. COMPANY NEWS: Facebook achieved a new all-time high and its share price eclipsed $76, a level that was more than double the price of its initial public offering, after its revenue and profits beat expectations. After the report a number of Wall Street analysts hiked their price targets on the stock, with Jefferies and Topeka both raising their targets on the social network operator's stock to $100... Shares of General Motors declined more than 3% after its earnings per share, excluding special items, missed consensus expectations and its revenue also fell short of the analysts' forecast. The company took a $400M special charge related to its ignition switch compensation program, but cautioned that there is no cap on this program and it is possible the total cost could increase by another $200M. Also, GM recorded a non-cash pre-tax special charge of about $900M in the second quarter for the estimated costs of future possible recalls for "up to the next 10 years on 30M GM vehicles on the road today." In contrast, Ford reported earnings per share, excluding special items, and revenue that beat expectations and its stock rose 1%... Caterpillar dropped over 3% after its quarterly revenue missed expectations and it narrowed its outlook for full-year revenue. However, the heavy machine maker's earnings did beat the consensus forecast and it raised it fiscal year profit outlook. MAJOR MOVERS: Among the notable gainers was Sodastream (SODA), which jumped nearly 20% after Bloomberg said the home beverage system maker is in talks with an investment firm on deal that would make it a private company and value it at about $828M, or $40 per share. Also higher following their earnings reports were Under Armour (UA), which rose 15%, and Dr. Pepper Snapple (DPS), which gained 5%. Among the noteworthy losers following their earnings reports were homebuilder DR Horton (DHI), which fell 10%, online travel company TripAdvisor (TRIP), which dropped 9%, and semiconductor chip maker Qualcomm (QCOM), which slid 6%. Also lower was review service operator Angie's List (ANGI), which plunged 19% after reporting second quarter losses per share and revenue that were worse than expected, prompting a number of downgrades of its stock by Wall Street analysts. INDEXES: Near midday, the Dow was up 8.25, or 0.05%, to 17,094.88, the Nasdaq was up 6.10, or 0.14%, to 4,479.80, and the S&P 500 was up 2.98, or 0.15%, to 1,989.99.
11:00 EDTDHID.R. Horton sees returns on investment increasing quarter over quarter
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10:54 EDTDHID.R. Horton doesn't expect to have to increase incentives
10:49 EDTDHID.R. Horton says biggest headwind for housing is weak job growth
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10:48 EDTDHID.R. Horton Q3 home sales gross margin 20.7% vs. 21.4% in prior year quarter
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10:19 EDTDHID.R. Horton falls after results, levels to watch
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07:20 EDTDHID.R. Horton reports Q3 net sales orders increased 25% to 8,551 homes
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07:15 EDTDHID.R. Horton sees 'strong finish to fiscal year'
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07:13 EDTDHID.R. Horton increases quarterly dividend by 67% to 6.25c
The company has declared a quarterly cash dividend of 6.25c per common share, an increase of 67% compared to its most recent dividend paid. The dividend is payable on August 18 to stockholders of record on August 8.
07:10 EDTDHID.R. Horton reports Q2 EPS 32c, consensus 49c
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