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Stock Market & Financial Investment News

News Breaks
March 19, 2014
12:02 EDTNSM, KBHKB 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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November 21, 2014
10:00 EDTKBHOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Best Buy (BBY) upgraded to Outperform from Market Perform at Telsey Advisory... BlackRock (BLK) upgraded to Outperform from Market Perform at Bernstein... Cerner (CERN) upgraded to Outperform from Market Perform at Cowen... Community Health (CYH) upgraded to Outperform from Market Perform at Raymond James... Lockheed Martin (LMT) upgraded to Neutral from Sell at UBS... Teekay Offshore Partners (TOO) upgraded to Buy from Neutral at Citigroup... Trinity Industries (TRN) upgraded to Buy from Neutral at Longbow... Zebra Technologies (ZBRA) upgraded to Overweight from Neutral at JPMorgan... Ross Stores (ROST) upgraded to Hold from Sell at Maxim... St. Jude Medical (STJ) upgraded to Outperform from Market Perform at Cowen... Wolverine World Wide (WWW) upgraded to Buy from Neutral at DA Davidson... D.R. Horton (DHI) upgraded to Market Perform from Underperform at Raymond James... KB Home (KBH) upgraded to Market Perform from Underperform at Raymond James... Sony (SNE) upgraded to Overweight from Neutral at JPMorgan.
09:16 EDTNSMNationstar unit acquires Title365 for $36M in cash, additional consideration
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08:17 EDTKBHKB Home upgraded to Market Perform from Underperform at Raymond James
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November 14, 2014
16:52 EDTNSMGreenlight Capital gives quarterly update on stakes
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07:32 EDTNSMHayman Capital gives quarterly update on stakes
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November 13, 2014
07:18 EDTKBHUBS to hold a conference
Building & Building Products Annual CEO Conference is being held in New York on November 13 with webcasted company presentations to begin at 9:30 am; not all company presentations may be webcasted. Webcast Link
November 12, 2014
09:36 EDTNSMInformation Management Network to hold a symposium
Private Label RMBS Reform Symposium is being held in New York on November 12.
07:28 EDTNSMBofA/Merrill to hold a conference
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November 11, 2014
12:50 EDTNSMLawsky undecided on leaving NYDFS, Inside Mortgage Finance says
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08:30 EDTNSMLawsky reports a positive for mortgage space, says FBR Capital
FBR Capital views reports of New York Department of Financial Services Superintendent Benjamin Lawsky’s plans to step down in 2015 as a positive for mortgage servicing space. FBR notes Ocwen Financial (OCN) has been the company under the most scrutiny with Lawsky in charge and that Nationstar Mortgage (NSM)) has also received a letter from the regulator. It also views the reports as a positive for Walter Investment (WAC), which it notes has avoided a targeted communication by Lawsky thus far. FBR thinks a softening of the regulatory environment could allow the big banks to start moving product again.
November 10, 2014
10:04 EDTNSMOn The Fly: Analyst Upgrade Summary
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09:26 EDTKBHKB Home management to meet with JPMorgan
Meeting to be held in New York on November 14 hosted by JPMorgan.
09:15 EDTNSMNationstar price target lowered to $35 from $42 at Sterne Agee
Sterne Agee cut its price target on Nationstar after the company reported lower than expected Q3 EPS. The firm also cited slower upward momentum in the company's Solutions Star and mortgage volumes as reasons for the price target cut The firm keeps a Buy rating on the stock.
06:37 EDTNSMNationstar upgraded to Market Perform from Underperform at Keefe Bruyette
Keefe Bruyette upgraded Nationstar to Market Perform following the company's Q3 results

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