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...
The National Association of Home Builders says its housing market index increased for the second month in a row in May, reflecting growing optimism on the part of many builders
Following are the day’s biggest winners and losers. Find out why shares of YRC Worldwide and Hartford Financial popped while Fortress and MGM dropped.
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?
Stocks closed out a tough quarter on a positive note, helped by gains in technology and big banks.
Every day it’s another one. First Toll Brothers, then Lennar, then Cousins properties announces it is the first and only developer that removes the threat of foreclosure if a buyer loses their job in the next three years.
Housing and autos are in the news, but how's business? Answer: the bottom is still murky.
Tuesday: Consumer confidence squeaked above its record low. Ford announced an incentive program -- covering payments if a buyer is laid off -- similar to Hyundai's. GM's new CEO Fritz henderson said bankruptcy is possible within 60 days. J.P. Morgan said global banks will write down $17 billion more. CNBC heard from experts who said retail looks less scary, housing is finally coming back — but warned that inflation could be "kryptonite" for bonds.
US stock index futures pointed to a higher open Tuesday, following a sharp decline in the previous session as investors digested the Obama administration’s tough stance on General Motors and Chrysler.
Japan announced that they will unveil another stimulus plan. Isn't this the third one for this downturn? I've lost track. ... Ford announces incentive program; Street believes GM is next. This is similar to the successful Hyundai Assurance Program. Lennar reported a loss. HSBC up 5% in pre-market trading as CEO Michael Geoghegan reiterated that the London-based bank will not need any government money.
In this Web Extra, the traders talk earnings from homebuilder Lenar and education provider Apollo. Also Tuesday is the last day of the quarter, should you make adjustments?
There was a selloff today, but it was on very light volume. Not surprisingly, bank stocks, which have collectively rallied 50 percent in the last three weeks, were down about 10 percent as a group. ... We are definitely heading toward some kind of denouement, and that can only be a good thing..
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.
Investing is a Darwinian death match these days. Here’s how you live through it.
Stocks staged a comeback in the final hour of trading Thursday following news that the Obama administration is mulling a new plan to subsidize mortgage payments for homeowners in jeopardy. In other words, the market finally got what Treasury Secretary Geithner failed to deliver: Details.
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.
Stocks continued their slide Monday as the economy and what is expected to be a horrendous earnings season formed a one-two punch to knock out hopes for a January rally.
Stocks were stuck in negative territory Monday, with pervading worries about the recession and the ways in which quarterly earnings reports would reflect economic difficulties dominating investor concerns.