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Stock Market & Financial Investment News

News Breaks
March 19, 2014
10:17 EDTTOL, PHM, WLH, RYL, HOV, LENHomebuilders rebound after KB Home results beat expectations
Shares of homebuilders are rising in today's down market after one of the companies in the sector, KB Home (KBH), reported stronger than expected results. WHAT'S NEW: KB Home reported first quarter earnings per share of 12c, compared with analysts' consensus estimate of 8c. The company's revenue was also higher than expected. KB's homebuilding operating income jumped to $17.7M, versus $500K in the same period a year earlier. The average selling price of the company's homes jumped 12% year-over-year, and the net value of its orders rose 18%. KB's housing gross profit margin increased to 17.7%, up from 14.8% in the same period a year earlier. WHAT'S NOTABLE: KB Home's stronger than expected results come after some recent negative news for the sector. On February 25, homebuilder Toll Brothers said that its contracts for units had dropped about 8% in the first three and a half weeks of its second quarter. The company also reduced the high end of its fiscal 2014 home delivery guidance. On March 12, Credit Suisse downgraded its rating on Toll Brothers (TOL), along with peers Pulte Group (PHM) and William Lyon Homes (WLH). The spring selling season looks set to be "underwhelming," the firm warned. PRICE ACTION: In early trading, Lennar rose 4% to $42.20, Ryland (RYL) advanced 2.8% to $42.55, Hovnanian (HOV) added 3% to $5.10, PulteGroup gained 3% to $20.05, William Lyon added 1.5% to $29.80, and KB Home rose 9% to $19.25.
News For LEN;RYL;PHM;HOV;WLH;TOL From The Last 14 Days
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July 2, 2015
12:37 EDTTOLToll Brothers management to meet with MKM Partners
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June 30, 2015
12:47 EDTHOVHovnanian management to meet with UBS
Meeting to be held in Boston on June 30 hosted by UBS.
June 26, 2015
09:35 EDTLENLennar implied volatility of 23 at lower end of index mean range
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June 25, 2015
15:26 EDTLENGabelli raises stake in Lennar Class B shares to 10.42%
June 24, 2015
16:21 EDTLENOn The Fly: Top stock stories for Wednesday
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11:56 EDTLENLennar says sees industry consolidation
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11:39 EDTLENLennar says seeing pricing power 'pretty much across the board'
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11:26 EDTLENLennar now expects to deliver 24,000-24,500 homes for 2015
Says "on track" with FY gross margin goal of 24%. Says strategy aimed at rental market. Doesn't see refinance activity continuing at pace of 1H. Now expects to deliver 24,000-24,500 homes for 2015, an increase from prior guidance of 23,500-24,000 homes. Says increasing goal for financial services earnings to $100M-$110M for FY, sees some cooling in refinance market in 2H. Sees FY range of profits for Rialto $30M-$40M for FY, heavily weighted to Q4. Sees FY tax rate 34%-34.5%. Expects to reach 675 net communities by end of year. Sees strong top, bottom line growth for 2015.
11:11 EDTLENLennar: Downside in housing market 'very limited,' upside 'very significant'
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09:35 EDTLENActive equity options trading on open
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09:10 EDTLENOn The Fly: Pre-market Movers
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06:09 EDTLENOptions expected to be active
Options expected to be active: NFLX SYY MU MON NKE BBBY LEN NBG GREK
06:03 EDTLENLennar reports Q2 deliveries up 21% to 6,015 homes
Reports Q2 new orders up 18% to 7,271 homes. Reports Q2 new orders dollar value up 28% to $2.6B. Reports Q2 backlog up 18% to 8,073. Reports Q2 backlog dollar value up 23% to $2.9B.
06:01 EDTLENLennar reports Q2 EPS 79c, consensus 64c
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June 23, 2015
14:57 EDTLENNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Monsanto (MON), consensus $2.06... Lennar (LEN), consensus 64c.
14:32 EDTLENLennar technical comments ahead of earnings news
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07:28 EDTLENLennar recent weakness a buying opportunity, says Morgan Stanley
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June 22, 2015
14:51 EDTLENLennar July volatility at 29 into Q2 and outlook
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