One long winter may be impacting traders' sentiment on home builder stocks.
After a rough week, 6 IPOs priced at sensible levels, and a big rally in three new offerings have greatly reduced the anxiety.
When Box announced its IPO filing, it was immediately noted that the money it's looking to raise is about what it recorded as a loss.
*KB Homes, other homebuilders shares rise. March 19- KB Home, the No. 5 U.S. homebuilder, reported a first-quarter profit for the first time since 2007 as it sold homes at higher prices in California, its largest market, and indicated towards a strong spring selling season.
With stocks near all-time highs, short interest reached the highest level in 20 months, but some investors are seeing the trend as a bullish sign.
Feb 25- Toll Brothers Inc, the largest U.S. luxury homebuilder, reported a fall in quarterly orders for the first time in three years as a severe winter deterred buyers.
Stocks finished near session lows in volatile trading Wednesday, with the Nasdaq snapping an eight-day winning streak, as investors digested minutes from the Fed's latest policy meeting.
Stocks mostly rose on Tuesday amid a large acquisition and data disregarded as weather related.
WASHINGTON, Feb 18- U.S. homebuilder confidence suffered its largest one-month drop ever in February, heightening concerns that recent signs of weakness in the economy reflect deeper problems than the severe weather that has gripped much of the country.
Freezing weather, especially in the South, and rising prices are stalling home sales.
*Stock futures rally after Turkey's central bank raises rates. *Apple shares drop on muted iPhone sales, outlook.
Stocks climbed on Tuesday, with the Dow rising after a five-session losing streak.
FMHR trader Pete Najarian thinks D.R. Horton is executing well, but Mike Murphy thinks the company has gone "too far too fast."
*Net income jumps 86 pct to $123.2 mln. Jan 28- Homebuilder D.R. Horton Inc's sales pace picked up in January ahead of what it said would be a "very strong" spring selling season as Americans become more comfortable with higher mortgage rates in a stabilizing U.S. economy.
After a temporary drop in the last six weeks of 2013, short interest is back on the rise.
Jan 28- D.R. Horton Inc, the largest U.S. homebuilder, reported a rise in orders for the quarter ended December and said its sales pace picked up this month as stabilizing mortgage rates and signs of an economic recovery spur housing demand.
Jan 28- D.R. Horton Inc, the largest U.S. homebuilder, reported a 4 percent rise in quarterly orders as stabilizing mortgage rates and signs of an economic recovery spur housing demand.
Some of the names on the move ahead of the open.
Jan 28- D.R. Horton Inc, the largest U.S. homebuilder, reported a 4 percent rise in orders in the first quarter as housing demand picked up after slowing over the summer. Net income almost doubled to $123.2 million, or 36 cents per share, in the quarter ended Dec. 31 from $66.3 million, or 20 cents per share, a year earlier. Revenue rose 33 percent to $1.64 billion.
Federal Reserve Chairman Ben Bernanke presides over his final meeting this week and already markets are putting his successor to the test.