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December 23, 2013
14:56 EDTPHM, LEN, SPF, NVR, RYL, KBH, HOV, BZH, TOL, DHI, MDCHomebuilders poised to benefit from market shifts, WSJ says
More families are likely to look to buy better homes or buy their first homes next year, experts are saying, according to The Wall Street Journal. Meanwhile, the supply and demand of homes have reached a favorable balance, and the market has become less confusing, the newspaper stated. Shares of several homebuilders are higher in late day trading following the WSJ story from this weekend, including PulteGroup (PHM), which is up 5%, Toll Brothers (TOL), which is up 4%, and D.R. Horton (DHI), which is up nearly 3%. Reference Link
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April 24, 2014
12:50 EDTDHIOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday following reports from some of the biggest names in technology and ahead of reports tonight from several other tech giants. The averages opened in positive territory, with the tech-heavy Nasdaq up more than 1% soon after the opening bell. The index was unable to hold its early gains and moved into negative territory, taking the other major averages with it. The indexes were able to keep their losses to a minimum and eventually regrouped and made it back onto positive ground, where they stood near noon. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 24K from the prior week to 329K in the week ended April 19, which was above the 315K consensus forecast of analysts, though there may have been some impact from Easter as the Bureau of Labor Statistics noted difficulty adjusting the data around the holiday. Durable goods orders rose 2.6% in March, beating the 2.0% increase that was forecast. Outside the U.S., Russia said it launched military exercises along the Ukrainian border after Ukrainian forces killed pro-Russian militants. COMPANY NEWS: Shares of Apple (AAPL) advanced more than 8% after the company reported significantly better than expected quarterly earnings and sales, particularly sales of its iPhone. Apple also announced a 7-for-1 stock split that will take effect in June, along with an 8% increase in its quarterly dividend and a $30B increase in its share repurchase authorization. Following last night's report, CLSA upgraded its rating on Apple shares to Buy from Outperform and raised its price target for the stock to $695 from $610, while Jefferies recommended "aggressively" buying shares following the Q2 results and outlook for Q3... Another tech giant, Facebook (FB), also reported earning and revenue that topped expectations last night, sending its shares higher in after-hours trading and prompting a number of price target hikes among Street analysts. However, Facebook also announced that its CFO David Ebersman will step down, to be succeeded by David Wehner, who is currently the company's Vice President of Corporate Finance and Business Planning. The social network operator traded on both sides of the flat-line this morning, but was up a bit over 1% at midday... Shares of General Motors (GM) fell about 2% after the company reported profits that narrowly edged out expectations but revenues that fell short of expectations. GM said its core operating performance has been on plan for the year CEO Mary Barra said the company has seen "no meaningful slowdown" in its U.S. sales despite the negative publicity related to its ongoing ignition switch recall and associated legal matters. MAJOR MOVERS: Among the notable gainers was orthopedic device maker Zimmer Holdings (ZMH), which climbed 11% after it agreed to merge with privately held Biomet in a cash and stock transaction valued at about $13.35B, including the assumption of net debt. Also higher following their earnings reports were Citrix Systems (CTXS), which rose 10%, D.R. Horton (DHI), which gained more than 7%, and Aetna (AET), which advanced 6%. Among the noteworthy losers was chip making giant Qualcomm (QCOM), which slid 3.5% despite reporting profits that beat expectations and raising its yearly EPS outlook, as the company also disclosed the receipt of a notice from the SEC about a potential filing of an enforcement action against the company related to anti-bribery violations. Also lower following their earnings reports were Xilinx (XLNX), which fell about 9%, Raytheon (RTN), which dropped 4%, and Hershey (HSY), which also declined about 4%. INDEXES: Near midday, the Dow was up 19.49, or 0.12%, to 16,521.14, the Nasdaq was up 25.91, or 0.63%, to 4,152.87, and the S&P 500 was up 5.35, or 0.29%, to 1,880.74.
12:00 EDTDHID.R. Horton rises 8%
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10:54 EDTDHID.R. Horton expects to maintain gross margin in range of recent quarters
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10:00 EDTDHIOn The Fly: Analyst Upgrade Summary
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09:00 EDTDHID.R. Horton rises 5.6%
D.R. Horton is up 5.6%, or $1.20, to $22.55
08:59 EDTDHIOn The Fly: Pre-Market Movers
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08:42 EDTDHID.R. Horton upgraded to Buy from Neutral at Citigroup
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07:11 EDTDHID.R. Horton reports Q2 EPS 38c, consensus 34c
Reports Q2 revenue $1.7B, consensus $1.55B. Net sales orders for the second quarter ended March 31, 2014 increased 9% to 8,569 homes. The Company’s sales order backlog of homes under contract at March 31, 2014 increased 5% to 10,059 homes from 9,553 homes at March 31, 2013. Donald R. Horton, Chairman of the Board, said, "Housing market conditions remain favorable, and as expected, the pace and strength of the improvement varies significantly across our local operating markets. Our broad geographic footprint, diversified product offerings, solid balance sheet and robust finished lot supply put us in a strong position to capture demand and increase revenues and profitability in the second half of our fiscal year."
07:07 EDTRYLRyland Group reports Q1 EPS 42c, consensus 45c
Reports Q1 revenue $489.7M, consensus $473.18M. New orders increased 6.6 percent to 2,186 units, backlog rose 6.6% to 3,342 units at March 31.
06:34 EDTPHMPulteGroup reports Q1 EPS 19c, consensus 20c
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April 23, 2014
09:00 EDTRYLRyland Group falls 3.1%
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April 22, 2014
07:53 EDTDHID.R. Horton added to short-term buy list at Deutsche Bank
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April 21, 2014
10:00 EDTNVRNVR falls 6.7%
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09:04 EDTNVRNVR reports Q1 EPS $5.16, consnesus $10.02
Reports Q1 revenue $811.31M, consensus $866.79M; Reports Q1 new orders down 5% to 3,325 units
April 17, 2014
15:29 EDTNVRNotable companies reporting before Monday's open
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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.

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