KB Homes is up nearly 6 percent along with heavy options activity, as traders may be thinking that housing prices are finally hitting bottom.
Unemployment hit 8.9 percent in April and some predict that number could climb over 10 percent in 2009 as major companies further streamline operations to combat the recession. While some industries are more labor intensive than others, employee productivity is a key measure that managers and investors look at when evaluating performance. Take a look at which companies are squeezing the most out their shrinking workforces.
The imbalance in housing demand and inventories will continue to keep home prices down for some time, said Michelle Meyer, economist at Barclays Capital, and Karen Weaver, analyst at Deutsche Bank.
Options trading turned bullish in Lennar Monday, after Citigroup predicted that the home builder will survive the housing bust. Call volume surged to 12,428 contracts, more than triple the 20-day average...
Following are the week’s biggest winners and losers. Find out why shares of Tyson Foods and Philip Morris popped while IBM and NVIDIA dropped.
It’s time to get into home builder stocks, said Jim Wilson, managing director at JMP Securities. Mike Crofton, CEO of Philadelphia Trust Company, disagreed — but had some housing-related picks of his own.
Shares of Lennar led the homebuilders lower after a report showed prices of single-family homes declined by a record 19 percent. Is there a trade here?
Cramer makes the call on viewers' favorite stocks.
Cramer explains why the market's pause is right. Plus, calls on the banks, homebuilders and natural gas.
Stocks ended higher Wednesday as a surge in the final minutes of trading pushed all three indexes in positive territory.
Well, the Federal Reserve chairman didn’t say that exactly. But the central bank’s announcement Wednesday sure seemed to imply it.
Lennar is seeing a feeding frenzy of bearish options trading, as hedge fund managers circulate rumors that the homebuilder has hired a bankruptcy law firm.
Stocks fell flat as investors grew more confident that the government will stabilize the battered financial sector, but technology remained weak.
For the week ending Friday, February 6, 2009, stocks edged up on a surprising rise in December pending home sales, a smaller than expected contraction in January’s ISM Non-Manufacturing Index, and strong earning results from the pharmaceutical sector.
Stocks ended higher Tuesday, snapping a three-day losing streak, as an earnings beat from Merck and better-than-expected housing report gave the market a boost.
Stocks had a topsy-turvy morning as investors digested a revival in pending-home sales and an earnings beat from Merck against some gloomy news out of the tech sector.
US stock index futures struggled to find direction ahead of the open Tuesday, following a mixed close for stocks Monday, as investors feared the government stimulus plan may not provide the catalyst they hoped for.
Traders are watching tech as a bright spot in an otherwise tentative market, which is focused on a banking industry bailout, the economy and earnings news.
Hope for a modest recovery in the housing sector spurred by a recent decline in mortgage rates, seems to be a far fetched pipe dream.
Major homebuilders are down across the board today as Lennar faces fraud accusations from a self-described consumer group.