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Stock Market & Financial Investment News

News Breaks
March 12, 2014
10:16 EDTTOL, BZH, DHI, LEN, RYL, HOV, MDC, FMCC, FNMA, WLH, PHM, KBHHomebuilders 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
Check below for free stories on TOL;PHM;WLH;FNMA;FMCC;MDC;HOV;RYL;LEN;DHI;BZH;KBH the last two weeks.
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September 2, 2014
05:40 EDTPHMPulteGroup downgraded to Market Perform from Outperform at FBR Capital
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August 29, 2014
08:29 EDTHOVHovnanian volatility flat into Q3 and building outlook
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August 28, 2014
15:02 EDTTOLToll Brothers September weekly volatility elevated into Q3
Toll Brothers September weekly call option implied volatility is at 30, September is at 25, October and January is at 24; compared to its 26-week average of 27 according to Track Data, suggesting large near term price movement into its release of Q3 results on September 2.
11:54 EDTDHID.R. Horton management to meet with ISI Group
Meetings to be held in Canada September 3-4 hosted by ISI Group.
11:41 EDTBZHBeazer Homes management to meet with Sterne Agee
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August 27, 2014
09:54 EDTFNMAFannie Mae strength attributed to circulation of job posting
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07:28 EDTBZHBeazer Homes management to meet with UBS
Meetings to be held in Dallas/Houston on August 27 hosted by UBS.
August 26, 2014
07:49 EDTPHMPulteGroup offers best risk/reward among homebuilders, says UBS
UBS believes PulteGroup offers the best risk/reward among homebuilders, citing its significant leverage, benefits of recent land acquisition, management's focus on controlling risk and returning cash to shareholders, and valuation. The firm has a Buy rating with a $25 price target on PulteGroup.
07:46 EDTBZHBeazer Homes management to meet with UBS
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August 25, 2014
07:04 EDTPHMPulteGroup acquires Dominion Homes real estate assets
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August 22, 2014
17:18 EDTFMCC, FNMAGoldman Sachs announces agreements with FHFA to repurchase $3.15B in RMBS
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August 20, 2014
09:03 EDTFNMA, FMCCSpread of unrest beyond Ferguson would be positive for GSEs, says Rafferty
Rafferty Capital's Dick Bove indicates that he believes that if the unrest in Ferguson spreads, Congress would increase housing subsidies, benefiting the GSEs, Fannie Mae (FNMA) and Freddie Mac (FMCC).

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