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Stock Market & Financial Investment News

News Breaks
February 20, 2013
10:39 EDTTOL, LEN, BZH, SPF, RYL, KBH, MDC, PHM, DHI, NVR, HOVHomebuilders fall after Toll Brothers miss, housing start drop
A number of home builder stocks are falling after leading builder Toll Brothers (TOL) reported weaker than expected first quarter result, and U.S. housing starts came in below expectations. Toll Brothers reported first quarter earnings per share of just 3c, versus analysts' consensus estimate of 10c. Toll's average selling price fell slightly to $569,000 in its first quarter, down from $582,000 during the previous quarter. Moreover, the company invested over $330M in land deals during the first quarter. The company, however, added that it is gaining pricing power as the Spring selling season begins to kick off. On the data front, U.S. housing starts fell a greater than expected 8.5% to a 890K pace in January, although starts of single family units edged up 0.8%. Building permits increased 1.8% last month. In mid-morning trading, Toll Brothers sank 4.5% to $35.30, PulteGroup (PHM) slid 2.6% to $19.42, KB Home (KBH) fell 4% to $18.75, Hovnanian (HOV) gave back 2.95% to $5.59 and Beazer Homes (BZH) lost 2.3% to $16.77.
News For HOV;DHI;PHM;NVR;BZH;MDC;RYL;LEN;KBH;SPF;TOL From The Last 14 Days
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May 22, 2015
14:43 EDTTOLToll Brothers volatility elevated into Q2 and outlook
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May 19, 2015
07:34 EDTRYL, PHM, BZH, LEN, KBH, DHI, HOVJPMorgan to hold a conference
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06:07 EDTMDCM.D.C. Holdings CFO John Stephens resigns, Robert Martin to succeed
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May 18, 2015
10:01 EDTTOLOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: A10 Networks (ATEN) upgraded to Overweight from Sector Weight at Pacific Crest... Cal-Maine Foods (CALM) upgraded to Overweight from Equal Weight at Stephens... ChemoCentryx (CCXI) upgraded to Overweight from Neutral at JPMorgan... Cheniere Energy Partners LP (CQP) upgraded to Buy from Neutral at Goldman... Chicago Bridge & Iron (CBI) upgraded to Neutral from Sell at Goldman... Continental Resources (CLR) upgraded to Buy from Neutral at Goldman... Ctrip.com (CTRP) upgraded to Overweight from Neutral at JPMorgan... Emerge Energy (EMES) upgraded to Buy from Neutral at Goldman... FEMSA (FMX) upgraded to Overweight from Equal Weight at Morgan Stanley... GoPro (GPRO) upgraded to Perform from Underperform at Oppenheimer... Holly Energy (HEP) upgraded to Buy from Neutral at Goldman... JP Energy (JPEP) upgraded on better visibility on volumes at RBC Capital... Laredo Petroleum (LPI) upgraded to Neutral from Sell at Goldman... Malvern Bancorp (MLVF) upgraded to Outperform from Market Perform at Keefe Bruyette... Newfield Exploration (NFX) upgraded to Buy from Neutral at Goldman... Norsk Hydro (NHYDY) upgraded to Overweight from Neutral at JPMorgan... Owens-Illinois (OI) upgraded to Neutral from Underperform at BofA/Merrill... Penn National (PENN) upgraded to Buy from Neutral at Goldman... Roche (RHHBY) upgraded to Buy from Neutral at UBS... Schnitzer Steel (SCHN) upgraded on stabilizing headwinds at KeyBanc... Seventy Seven Energy (SSE) upgraded to Buy from Hold at Jefferies... Toll Brothers (TOL) upgraded to Neutral from Underperform at Sterne Agee CRT... United Therapeutics (UTHR) upgraded to Buy from Neutral at BTIG... Volvo (VOLVY) upgraded to Neutral from Underweight at JPMorgan... Zayo Group (ZAYO) upgraded to Buy from Neutral at Goldman.
08:02 EDTTOLToll Brothers upgraded to Neutral from Underperform at Sterne Agee CRT
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May 15, 2015
17:08 EDTDHI, PHM, LENSoros Fund gives quarterly update on stakes
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10:01 EDTKBH, TOL, SPF, LEN, RYL, MDC, PHMOn The Fly: Analyst Downgrade Summary
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08:52 EDTRYLRyland Group downgraded to Market Perform from Outperform at Raymond James
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08:50 EDTTOLToll Brothers downgraded to Outperform from Strong Buy at Raymond James
Raymond James downgraded Toll Brothers to Outperform and reduced its price target to $41 from $45 citing lack of catalysts to propel shares higher and valuation.
08:36 EDTSPFStandard Pacific downgraded to Market Perform from Outperform at Raymond James
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08:35 EDTPHMPulteGroup downgraded to Market Perform from Outperform at Raymond James
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08:34 EDTMDCM.D.C. Holdings downgraded to Market Perform from Outperform at Raymond James
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08:33 EDTLENLennar downgraded to Market Perform from Outperform at Raymond James
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08:32 EDTKBHKB Home downgraded to Market Perform from Outperform at Raymond James
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