U.S. homebuilders are gearing up for a sharp rise in demand this spring as Americans become more confident about keeping their jobs.» Read More
*Alcoa erases early gains after earnings; materials drag. Shares of homebuilders fell broadly after KB Home forecast a drop in gross margins for the first quarter. Homebuilder stocks had been up earlier in the session, but KB Home was last down 13.7 percent, while a housing index was down 0.9 percent.
*Alcoa erases early gains after earnings. But the market was well off its highs for the session, with shares of homebuilders falling broadly after KB Home forecast a drop in gross margins for the first quarter. Homebuilder stocks had been up earlier in the session, but KB Home was last down 13.7 percent, while a housing index was down 0.9 percent.
Some of Tuesday's midday movers:
Jan 13- KB Home, the No. 5 U.S. homebuilder, said it expected a "significant" drop in gross margins in the current quarter, sending down its shares along with those of its competitors. KB Home's shares fell as much as 14 percent to $14.28 after initially rising on the upbeat results. Shares of D.R. Horton Inc, the biggest U.S. homebuilder by number of homes sold, were down 4.8...
KB Home on Tuesday reported fiscal fourth-quarter profit had a dramatic rise to $852.8 million.
10-year bond yields are at 18-month lows, gold touched a 12-week high, and oil plumbed a nearly 6-year low.
*KB Home lifts housing index after earnings. NEW YORK, Jan 13- U.S. stocks rallied on Tuesday to bounce from a two-day decline as financial results from Alcoa helped ease some investor worry regarding the corporate earnings season. Alcoa Inc reported a higher-than-expected quarterly profit due to automotive demand, higher aluminum prices and lower energy...
*Alcoa up in premarket after results. NEW YORK, Jan 13- U.S. stocks were poised for a higher open on Tuesday after the S&P 500 fell for a second consecutive session, as financial results from Alcoa helped ease some investor jitters regarding the corporate earnings season. Alcoa Inc gained 1.9 percent to $16.48 before the opening bell.
U.S. stock index futures signaled a higher open on Monday, as investors watched to see how markets would digest earnings as oil fell further.
U.S. stock index futures signaled a flat-to-higher open, as investors watched to see how markets would digest earnings as oil fell further.
About 15.8 percent of KB Home shares outstanding are on loan, making it the most shorted stock announcing earnings this week.
Some of Wednesday's midday movers:
These states- Texas, Florida, Arizona, Nevada, North and South Carolina, Georgia and California- accounted for about half of the total job growth in the 12 months to September, according to RBC Capital Markets. The shift bodes well for D.R. Horton Inc, the largest U.S. homebuilder, and rivals Lennar Corp and PulteGroup Inc, each of which gets a large part of its revenue...
The "Fast Money" traders give their final trades of the day.
Take a look at some of Thursday's midday movers:
After a rally in housing stocks, the CNBC "Fast Money" traders share their top trades.
Real estate stocks could offer the next leg up for the market, Triogem's Tim Seymour says.
U.S. homebuilders D.R. Horton Inc and Toll Brothers Inc reported jumps in orders this week at rates not seen since last year. "The buyers realize that they're never going to get this kind of low interest rate environment," said David Crowe, chief economist at the National Association of Home Builders. Wayne Wellington, a 47- year old inspector at the Broward County...
Some of Monday's midday movers:
Some of Tuesday's midday movers: