Which is the better bet: Stocks of the nation's homebuilders or stocks of multifamily REITs?» Read More
Major homebuilders are down across the board today as Lennar faces fraud accusations from a self-described consumer group.
The promise of an Obama stimulus package has raised hopes that the battered housing sector will soon stabilize. That's encouraged investors to buy home builder stocks — but Ivy Zelman of Zelman and Associates warns investors to be very selective.
The Dow soared higher on Tuesday after the Federal Reserve rewrote its playbook by slashing borrowing costs to a record low, even zero...
Beware of the bear. Traders say the stock market looks better; acts better and feels better, and might actually be on an uptrend, for now. Stocks have gained more than 6 percent in the past two sessions, and major indices are up about 20 percent since the Nov. 20 closing low.
Friday's markets could be subdued after Wednesday's pre-Thanksgiving rally. Traders said the multiple days of stock market gains, the longest winning streak since April, was an encouraging sign. They expect Friday to be a light volume day ahead of the early 1 p.m. close.
Stocks eked out a gain Tuesday as the massive amount of stimulus being thrown at the economy has started to lift the mood on Wall Street. The Dow and S&P extended their winning streaks for a third day, though the Nasdaq slipped amid a selloff in big-name techs.
Home builder D.R. Horton reported a wider quarterly loss Tuesday — yet its shares jumped on U.S. government moves to buoy the financial sector. But home prices and mortgage rates dropped further with no floor in sight. Experts told CNBC the problem is market schizophrenia: equity markets have bottomed but credit markets are still spiralling downward.
Technology stocks led the market lower as a morning rally inspired by the Federal Reserve plan to support consumer lending fizzled.
Stocks rose for a third straight day, fueled by news that the Federal Reserve will create a facility to support consumer lending.
Mr. Paulson will be the key today, as he is expected to open the TARP to car, credit card and student loans, and heaven knows what else. More importantly, a separate facility will buy mortgage-backed securities.
Futures spiked following news that the Federal Reserve will create a facility to support consumer lending.
Stocks battle a rough batch of economic news Tuesday. Home prices, another look at third quarter GDP and consumer confidence data are posted in the morning.
In this Web Extra find out what to expect from DR Horton earnings, the consumer confidence numbers, and a spate of retail reports.
Pulte Homes plunged to a new multi-year low today, after our OptionMonster's tracking systems showed strong institutional put buying yesterday. Our puts becamse that much more valuable....
Stocks ended the day significantly lower but avoided a catastrophe, as an orderly selloff staved off what some thought would be a massive market capitulation.
For the week ending Friday, October 3, 2008, the major U.S. Indices declined steeply on continued uncertainties over the financial bailout / rescue plan, concerns in the credit markets and more economic deterioration.
Another black eye for the housing sector: KB Home reported that its third-quarter loss was more than four times that of the same quarter last year. But there's hope yet...
For the historic week ending Friday, September 19, 2008, the major U.S. Indices managed to close mixed and almost flat after one of the most volatile trading weeks ever, driven by the collapse of investment bank, Lehman Brothers, enormous government actions around the globe, and billion dollar deal making. In one week, the government bailed out AIG, pumped funds into money markets, and banned short selling of financials - all while keeping the Fed Funds target unchanged and taking unprecedented actions to halt the liquidity crisis. The CBOE Volatility Index (VIX) surpassed the benchmark level of 30, hitting an intraday high of 42.16 on Thursday, its highest level since 10/2002. The major indices were all up and down +/- 3% for 4 of the past 5 days. The Dow posted a 2 day point move of more than 778 points as of Friday’s close, after plummeting 811 between Monday and Wednesday and hitting 10,609.66, its lowest level since 11/9/2005. On Friday, The Nasdaq Composite recorded a 2-day point move of greater than 175 points after it closed down 109.05 points on Wednesday, its first triple digit decline for one day since it began trading after the 9/11 attacks. The S&P 500 flirted with record territory closing up 98.7 over the last two days, marking its biggest 2-day point move since 3/16/2000, the largest 2-day point move ever.
So we have come to this: forget financials, forget materials, forget energy. Our market leaders are retailers and home builders.
After the announcement of the Freddie Mac and Fannie Mae bailout, mortgage rates fell to their lowest level in about five months. Here are the longer term trends...