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Stock Market & Financial Investment News

News Breaks
March 12, 2014
10:16 EDTFMCC, PHM, DHI, HOV, FNMA, TOL, KBH, LEN, MDC, WLH, BZH, RYLHomebuilders fall following Credit Suisse downgrades
Shares of a number of homebuilders are sinking after Credit Suisse downgraded three companies in the sector, saying that the spring selling season looks set to be "underwheliming." WHAT'S NEW: Credit Suisse analyst Daniel Oppenheim wrote that the firm's survey of real estate agents last month indicates that demand for housing was weak. Buyer traffic fell compared with January and February 2013, the analyst stated. Homebuilders' gross margins are likely to drop in the first half of 2014 and their stocks generally reflect optimistic outlooks, added the analyst. As a result, he downgraded three names in the sector - Toll Brothers (TOL), PulteGroup (PHM), and William Lyon Homes (WLH) - to Neutral from Outperform. Oppenheim expects the companies' orders and gross margins to rise this year, but he predicts that the sector's margins will inch down slightly next year. WHAT'S NOTABLE: Also possibly weighing on the sector is news that two key senators have reached a deal to wind down and eliminate Fannie Mae (FNMA) and Freddie Mac (FMCC), which buy mortgages from lenders. The top Democrat and the top Republican on the Senate Banking Committee yesterday said they had agreed on a plan to dismantle the two companies and replace them with a system that would force the private sector to shoulder more of the risk of mortgages. PRICE ACTION: In early trading, Toll Brothers fell 3% to $36.85, PulteGroup dropped 2.7% to $19.40, and William Lyon retreated 3% to $29. OTHERS TO WATCH: Other publicly traded homebuilders include Beazer Homes (BZH), D.R. Horton (DHI), Hovnanian (HOV), KB Home (KBH), Lennar (LEN), M.D.C. Holdings (MDC), and Ryland Group (RYL).
News For TOL;PHM;WLH;FNMA;FMCC;MDC;HOV;RYL;LEN;DHI;BZH;KBH From The Last 14 Days
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February 26, 2015
09:53 EDTBZHBeazer Homes management to meet with JPMorgan
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February 25, 2015
10:01 EDTRYLOn The Fly: Analyst Initiation Summary
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08:59 EDTRYLRyland Group initiated with a Buy at BofA/Merrill
Target $52.
February 24, 2015
11:50 EDTTOLToll Brothers sees tax rate at 35% for balance of the year
Says looking to expand City Living beyond New York. Sees more buyers this spring selling season. Says has more pricing power than in November and December.
11:21 EDTTOLToll Brothers sees earnings growth in FY16
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08:56 EDTTOLOn The Fly: Pre-market Movers
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07:12 EDTFNMA, FMCCWells Fargo to hold a conference
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05:26 EDTTOLToll Brothers expects to deliver 5,200-6,000 homes in FY!5
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05:25 EDTTOLToll Brothers reports Q1 home building deliveries of 1,091 units
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05:25 EDTTOLToll Brothers reports Q1 EPS 44c, consensus 30c
Reports Q1 revenue $953.5M, consensus $780.86M
February 23, 2015
14:59 EDTTOLToll Brothers technical comments before earnings
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13:44 EDTTOLEarnings Preview: Toll Brothers sentiment cautious ahead of Q1 results
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09:59 EDTRYL, BZHOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Antofagasta (ANFGY) downgraded to Sell from Neutral at Goldman... Arch Coal (ACI) downgraded to Sell from Buy at Argus... BHP Billiton (BHP) downgraded to Equal Weight from Overweight at Morgan Stanley... Beazer Homes (BZH) downgraded to Neutral from Buy at Compass Point... Boeing (BA) downgraded to Sell from Neutral at Goldman... Century Communities (CCS) downgraded to Neutral from Overweight at JPMorgan... CyberArk (CYBR) downgraded to Underweight from Neutral at JPMorgan... DirecTV (DTV) downgraded to Hold from Buy at Brean Capital... Enerplus (ERF) downgraded to Hold from Buy at Desjardins... Fiserv (FISV) downgraded to Neutral from Buy at Monness Crespi... GP Strategies (GPX) downgraded to Neutral from Buy at B. Riley... Interactive Brokers (IBKR) downgraded to Market Perform at Keefe Bruyette... MRC Global (MRC) downgraded at BB&T... Precision Castparts (PCP) downgraded to Neutral from Buy at Goldman... Quest Diagnostics (DGX) downgraded at BofA/Merrill... Rio Tinto (RIO) downgraded to Equal Weight from Overweight at Morgan Stanley... Roth Capital downgraded Spectrum (SPPI) on court case loss... Royal Dutch Shell (RDS.A) downgraded to Sector Perform from Outperform at Howard Weil... Ryland Group (RYL) downgraded to Neutral from Buy at Compass Point... Salix (SLXP) downgraded to Market Perform from Outperform at Leerink... Standard Pacific (SPF) downgraded to Neutral from Buy at Compass Point... Superior Energy (SPN) downgraded to Neutral from Outperform at Credit Suisse... Transocean (RIG) downgraded to Negative from Neutral at Susquehanna... Vale (VALE) downgraded to Equal Weight from Overweight at Morgan Stanley.
09:09 EDTBZHBeazer Homes downgraded to Neutral from Buy at Compass Point
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09:09 EDTRYLRyland Group downgraded to Neutral from Buy at Compass Point
Compass Point downgraded Ryland Group to Neutral citing the recent rally in shares. Price target remains 47.
February 20, 2015
08:33 EDTWLHWilliam Lyon Homes reports Q4 EPS 52c, consensus 49c
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07:33 EDTFNMAFannie Mae reports Q4 net income $1.3B vs. $3.9B last quarter
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February 19, 2015
09:32 EDTMDCM.D.C. Holdings initiated with an Underperform at BofA/Merrill
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08:19 EDTFMCCFreddie Mac reports Q4 net income $200M vs. $2.1B last quarter
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07:04 EDTTOLToll Brothers weekly volatility elevated into Q4 and outlook
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