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Stock Market & Financial Investment News

News Breaks
May 14, 2014
07:55 EDTRYL, RYL, BZH, BZH, LEN, LEN, KBH, KBH, WHR, WHR, WCIC, WCIC, TMHC, TMHC, HOV, HOV, CSTE, CSTEJPMorgan to hold a conference
7th Annual Homebuilding & Building Products Conference to be held in New York on May 14-15 with webcasted company presentations to begin on May 14 at 8 am. Webcast Link
News For RYL;BZH;LEN;KBH;WHR;WCIC;TMHC;HOV;CSTE From The Last 14 Days
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July 30, 2015
08:13 EDTRYLRyland Group sees Standard Pacific deal closing in early fall
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08:12 EDTRYLRyland Group reports Q2 EPS 75c, consensus 72c
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July 29, 2015
13:11 EDTWHRWhirlpool recalls Jenn-Air ovens due to risk of burns
Whirlpool is recalling its Jenn-Air brand ovens -- about 33,000 in the U.S. and 8,000 in Canada -- after customers reported burns due to faulty oven racks. The U.S. Consumer Product Safety Commission says the extendable rack inside the oven can unexpectedly disengage when fully extended, posing a risk of burns to consumers. Whirlpool Corporation has received eight reports of incidents, including one report of second degree burn injuries to the arm and back.
07:03 EDTWCICWCI Communities reports Q2 EPS 37c, consensus 30c
Reports Q2 revenue $150.7M, consensus $140.48M. The company delivered 243 homes in the second quarter, an increase of 100 units, or 69.9% from the prior year period. The average selling price per home delivered during the quarter ended June 30, 2015 was $476,000, an increase of 11.7%, compared to $426,000 in the prior year period. Adjusted gross margin from homes delivered, a non-GAAP financial measure, was 29.1% in the quarter ended June 30, 2015. New orders during the second quarter of 2015 increased 53.8% to 300 homes and the contract value of new orders was $128.6M for the second quarter, an increase of 37.4% from the prior year period. As of June 30, 2015, backlog contract value was $294.1M, an increase of $64.1M, or 27.9% from June 30, 2014. Backlog units totaled 627 units at the end of the second quarter, representing a 194 unit, or 44.8% increase from the prior year.
July 22, 2015
12:32 EDTWHROn The Fly: Top stock stories at midday
Stocks on Wall Street were lower at midday as slides in a number of big name tech stocks following their earnings reports dominated the news flow and largely dictated the market's direction. ECONOMIC EVENTS: In the U.S., the FHFA home price index rose 0.4% to 222.8 in May, as expected. Existing home sales rose 3.2% to a 5.49M rate in June, better than the 0.9% increase that was expected. In Europe, the European Central Bank reportedly raised the cap on Greece's Emergency Liquidity Assistance by EUR900M to EUR90.4B, according to Bloomberg. COMPANY NEWS: The tech sector has been weak, headlined of course by a 5% pullback in shares of Apple (AAPL) after iPhone shipments in the just completed quarter and the company's sales forecast for the new quarter missed estimates. Adding to the negative tone in tech stocks, and contributing further to the decline in the Nasdaq, was the 3% drop seen in Microsoft (MSFT) shares after its quarterly report as well as Yahoo's (YHOO) 1% decline after its revenue outlook missed the consensus forecast... Shares of Boeing (BA) and Coca-Cola (KO) fared better than Dow peer Apple after each reported better than expected sales and profits, though neither stock was moving far from where they closed yesterday's trading. MAJOR MOVERS: Among the notable gainers was Thoratec (THOR), which rose 10% after the company agreed to be acquired by St. Jude Medical (STJ) for $3.4 billion in cash, or $63.50 per share. St. Jude shares advanced fractionally after the deal, which had been foreshadowed by media reports yesterday, was announced. Also higher following their earnings reports were Intuitive Surgical (ISRG), which gained 10%, Chipotle Mexican Grill (CMG), which advanced 8% and Whirlpool (WHR), which was up 6%. Among the noteworthy losers were a number of suppliers to Apple that declined in tandem with the tech giant after it reported a sequential drop in iPhone sales. Skyworks Solutions (SWKS), Cirrus Logic (CRUS), Qorvo (QRVO) and NXP Semiconductors (NXPI) were among the many semiconductor stocks that slid following Apple's report. Also sharply lower was antibody-based therapeutics maker XOMA (XOMA), which plunged more than 73% and was downgraded to Neutral at Piper Jaffray after a Phase III trial of its gevokizumab drug in patients with Behcet's disease uveitis did not meet its primary endpoint. INDEXES: Near midday, the Dow was down 82.22, or 0.46%, to 17,837.07, the Nasdaq was down 42.68, or 0.82%, to 5,165.44, and the S&P 500 was down 6.93, or 0.33%, to 2,112.28.
10:19 EDTWHRWhirlpool sees 2H EPS accelerating, sees 2H ongoing EPS $7.16-$8.16
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06:10 EDTWHRWhirlpool backs FY15 ongoing business EPS of $12.00-$13.00, consensus $12.28
For the FY15, Whirlpool continues to expect to generate free cash flow of approximately $700M. Included in this guidance are restructuring cash outlays of up to $250M, capital spending of approximately $750M-$800M and U.S. pension contributions of approximately $72M.
06:08 EDTWHRWhirlpool reports Q2 ongoing business EPS $2.70, consensus $2.62
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July 21, 2015
15:09 EDTWHRWhirlpool technical comments before earnings
The key technical feature, best seen on a 2-year chart, is an active bearish head and shoulders top. If the news continues to be bearish, the pattern may continue to develop. The downside potential for the pattern is to the $135 area over time. If the news is a bullish surprise, the first important resistance is not until the neckline of the head and shoulders which is at $175. It would take a breakout above the neckline to halt the pattern, with next resistance at $178.84.
09:06 EDTTMHCTaylor Morrison acquires three divisions of Orleans Homes for $166M
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July 20, 2015
10:26 EDTWHRWhirlpool trades lower, levels to watch
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10:20 EDTWHRWhirlpool issued a Sell rating at Off Wall Street Research
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