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Stock Market & Financial Investment News

News Breaks
March 19, 2014
12:02 EDTKBH, NSMKB Home says Q1 average square footage of homes increased 8% YoY
KB Home (KBH) says it sees continued gross margin expansion over the balance of the year, goal is for gross margins exceeding 20%. The company says it is committed to containing overhead costs. Expects to continue to deliver year-over-year profit improvement going forward. Sees community growth accelerating especially in 2H. Says will continue to seek out shorter term opportunities to enhance FY14, FY15 deliveries. Says regulatory approvals for mortgage joint venture with Nationstar (NSM) have taken longer than originally anticipated, continues to clear hurdles and expect to complete the approval process within this quarter. Says economic recovery continues at measured rate, housing market continues recovery at steady pace. Says mortgage underwriting standards remain tight. Says solidly positioned with sales momentum and expects to sustain profitable growth going forward. Says sales, traffic strong in January and February, traffic up "dramatically" in February over prior year. Sees increase in year-end community count of 15%-20% vs. 2013. Sees average selling price continuing to trend higher for the remainder of 2014. Comments made during the company's Q1 earnings conference call.
News For KBH;NSM From The Last 14 Days
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October 2, 2014
07:39 EDTKBHBofA/Merrill U.S. homebuilding analyst holds analyst/industry conference call
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September 29, 2014
10:00 EDTNSMOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Akorn (AKRX) upgraded to Outperform from Sector Perform at RBC Capital... Alexandria Real Estate (ARE) upgraded to Buy from Hold at ISI Group... Baidu (BIDU) upgraded to Buy at UBS... Banner Corp. (BANR) upgraded to Buy from Neutral at DA Davidson... Boston Properties (BXP) upgraded to Buy from Hold at ISI Group... Brocade (BRCD) upgraded to Hold from Sell at Summit Research... Chico's FAS (CHS) upgraded to Outperform from Perform at Oppenheimer... Energy Transfer Partners (ETP) upgraded at Morgan Stanley... Equity One (EQY) upgraded to Buy from Hold at ISI Group... FedEx (FDX) upgraded to Outperform from Market Perform at Cowen... Himax (HIMX) upgraded at Craig-Hallum... Janus Capital (JNS) upgraded at Morgan Stanley... Kilroy Realty (KRC) upgraded to Buy from Hold at ISI Group... LRR Energy (LRE) upgraded to Buy from Hold at Stifel... Nationstar (NSM) upgraded at Sterne Agee... Nexstar (NXST) upgraded to Buy from Hold at Noble Financial... Nike (NKE) upgraded to Outperform from Neutral at Credit Suisse... Pearson (PSO) upgraded to Outperform from Underperform at Macquarie... Philips (PHG) upgraded to Buy from Hold at ING Group... Rent-A-Center (RCII) upgraded at KeyBanc... Rice Energy (RICE) upgraded to Buy from Accumulate at KLR Group... Sonic Automotive (SAH) upgraded to Overweight from Underweight at Morgan Stanley... Tahoe Resources (TAHO) upgraded to Outperform from Market Perform at Raymond James... Tanger Factory (SKT) upgraded to Buy from Hold at ISI Group... Universal Health (UHS) upgraded at BMO Capital... Voya Financial (VOYA) upgraded to Strong Buy from Outperform at Raymond James... Waste Management (WM) upgraded at Wedbush... Yahoo (YHOO) upgraded to Buy from Hold at Needham.
08:20 EDTNSMNationstar upgraded at Sterne Agee
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06:40 EDTNSMNationstar upgraded to Buy from Neutral at Sterne Agee
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September 25, 2014
10:06 EDTKBHOn The Fly: Analyst Downgrade Summary
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05:51 EDTKBHKB Home downgraded to Sector Perform from Outperform at RBC Capital
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September 24, 2014
11:59 EDTKBHKB Home sees higher backlog conversion rate in Q4 vs.Q3
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11:53 EDTKBHKB Home sees housing recovery steady, will take time to get to historical norm
11:39 EDTKBHKB Home backs FY14 delivery view of 7,200-7,400 homes
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11:38 EDTKBHKB Home says disappointed in performance of closings in Q3
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11:35 EDTKBHKB Home says gaining momentum in community count
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08:38 EDTKBHKB Home drops 3% to $16.49 after Q3 results miss estimates
KH Home (KBH) peers include Beazer Homes (BZH), D.R. Horton (DHI), Hovnanian (HOV), Lennar (LEN), M.D.C. Holdings (MDC), PulteGroup (PHM), Ryland Group (RYL) and Toll Brothers (TOL).
08:36 EDTKBHKB Home reports potential future housing revenues in backlog up 37%
KB Home said potential future housing revenues in backlog at August 31 grew 37% to $1.1B from $808.5M at August 31, 2013. The company’s backlog at August 31 was comprised of 3,432 homes, up 13% from 3,039 homes in backlog at August 31, 2013. Net orders increased 5% in Q3 to 1,827, up from 1,736 for the year-earlier quarter.
08:34 EDTKBHKB Home reports Q3 EPS 28c, consensus 40c
Reports Q3 revenue $589.2M, consensus $646.76M. The company delivered 1,793 homes in the third quarter, compared to 1,825 homes delivered in the year-earlier quarter. KB said deliveries in the quarter were tempered by delays in construction schedules and customer mortgage loan closings that resulted in some deliveries being deferred to Q4. The overall average selling price rose 9% to $327,000.
September 23, 2014
15:36 EDTKBHKB Homes calls active into Q3 and outlook
KB Homes October and November 17 calls are active into Q3. October call option implied volatility is at 35, November is at 30, January is at 30, April is at 32; compared to its 26-week average of 33 according to Track Data, suggesting non-directional price movement into the expected release of Q3 results on September 24.
15:27 EDTKBHNotable companies reporting before tomorrow's open
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15:07 EDTKBHKB Home technical comments before results
In the past three months returns have been lower than the broader averages, falling by over 2.5%. The trend has been down to sideways in a range largely bounded by $18.50 at the high and $16.50 at the low. Those ranges may help us navigate post-earnings price reactions. A move lower on worse than expected news that breaks the range low at $16.50 might have bearish implications for price thereafter. In the past two years, the $16 level has held as support. Any news which could break that support could lead to further price weakness. Additional downside support would be at $15.16 , $14.32, and $13.19. If the news is positive and exceeds current expectations, we could see a run back to the top of the range at $18.50. On progressively stronger news or outlook, the following resistance levels could become additional upside objectives: $19.34, and $20.78 which is the 52-week high.
September 19, 2014
12:14 EDTKBHKB Homes volatility flat into Q3 and outlook
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