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Stock Market & Financial Investment News

News Breaks
February 20, 2013
10:39 EDTSPF, RYL, KBH, MDC, TOL, LEN, BZH, NVR, HOV, PHM, DHIHomebuilders 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
Check below for free stories on HOV;DHI;PHM;NVR;BZH;MDC;RYL;LEN;KBH;SPF;TOL the last two weeks.
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April 11, 2014
12:42 EDTKBHOn The Fly: Analyst Upgrade Summary
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06:42 EDTKBHKB Home upgraded to Market Perform from Underperform at Keefe Bruyette
Keefe Bruyette upgraded KB Home to Market Perform with a $17 price target citing valuation.
April 10, 2014
11:01 EDTKBHKB Home acquires 500 lots at Patterson Ranch in Fremont
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April 8, 2014
05:17 EDTLENLennar's UAMC acquires certain assets of Pinnacle Mortgage Group
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April 7, 2014
10:00 EDTDHIOn The Fly: Analyst Downgrade Summary
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10:00 EDTSPFOn The Fly: Analyst Upgrade Summary
Agios Pharmaceuticals (AGIO) upgraded to Overweight from Neutral at JPMorgan... Alcoa (AA) upgraded to Hold from Sell at Deutsche Bank... Align Technology (ALGN) upgraded to Outperform from Market Perform at Barrington... Analog Devices (ADI) upgraded to Neutral from Sell at Goldman... B&G Foods (BGS) upgraded to Outperform from Sector Perform at RBC Capital... Citigroup (C) upgraded to Neutral from Underweight at HSBC... Intel (INTC) upgraded to Outperform from Sector Perform at Pacific Crest... JetBlue (JBLU) upgraded to Neutral from Sell at Goldman... Kindred Healthcare (KND) upgraded to Outperform from Sector Perform at RBC Capital... Lennox (LII) upgraded to Outperform from Market Perform at Wells Fargo... Newmont Mining (NEM) upgraded to Hold from Sell at Deutsche Bank... PBF Energy (PBF) upgraded to Buy from Neutral at Citigroup... Renasant (RNST) upgraded to Outperform from Market Perform at Raymond James... Select Medical (SEM) upgraded to Outperform from Sector Perform at RBC Capital... Ultra Petroleum (UPL) upgraded to Outperform from Market Perform at Raymond James... Under Armour (UA) upgraded to Buy from Neutral at Sterne Agee... Hercules Technology (HTGC) upgraded to Buy from Hold at Sandler ONeill... Standard Pacific (SPF) upgraded to Outperform from Market Perform at Raymond James... Yelp (YELP) upgraded to Outperform from Perform at Oppenheimer... Netflix (NFLX) upgraded to Outperform from Perform at Oppenheimer... Pandora (P) upgraded to Outperform from Neutral at Wedbush.
07:52 EDTSPFStandard Pacific upgraded to Outperform from Market Perform at Raymond James
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07:51 EDTDHID.R. Horton downgraded to Underperform from Market Perform at Raymond James
Raymond James downgraded D.R. Horton to Underperform given exposure to first-time buyers access to mortgage financing and low rankings of communities vs. peers in terms of average school ratings.
April 3, 2014
08:15 EDTBZHBeazer Homes expects to report positive net income for FY14
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08:14 EDTBZHBeazer Homes sees Q2 total net new orders 1,390, down 9% from a year ago
Sees total backlog at Q2 end 2,163, down 2% from a year ago. As expected, new orders and closings were impacted by an estimated 6% decline in active community count, including a 21% decline in active community count in our West segment. In addition, closings, as well as some new orders, were impacted by severe weather conditions in our East Segment, which comprises approximately 40% of its active community count. Sales per community per month for Q2 were 3.3, compared with 2.2 in Q1 and 3.4 in 3Q13.

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