RESTON, Va. _ NVR Inc. on Tuesday reported first-quarter earnings of $39.1 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $10.62 per share. Three analysts surveyed by Zacks expected $921.7 million.
There's a growing tension in politics: business is increasingly fed up with the activist wing of the GOP.
Several of the largest U.S. public home builders will report earnings next week, and analysts are looking for guidance as to whether the housing recovery may be stalling.
Although the U.S. housing market is improving, some analysts are saying the run may be over for the home builder stocks.
After some home builder stocks nearly doubled in 2012, one analyst says the group has gotten ahead of itself. But he has another stock that could double as housing recovers.
The homebuilder and mortgage company breezed past Wall Street expectations and shares at one point traded close to $914, a seven-year high. On Thursday, mortgage buyer Freddie Mac reported that the rate on the 30- year fixed mortgage fell near its record low, while the 15- year fixed mortgage set a record low of 2.66 percent.
*Credit Suisse cuts PulteGroup Inc to neutral from outperform. *Credit Suisse raises PulteGroup Inc price target to $15 from $12.50. *Credit Suisse cuts MDC Holdings Inc to underperform from neutral.
Stocks staged a strong comeback from their lows Monday, with the Dow posting a triple-digit recovery, but all three major indexes still finished in the red amid fresh worries over the euro zone.
Take a look at some of Friday's midday movers:
Take a look at some of Thursday's midday movers:
Hedge funds took profits in large cap consumer discretionary stocks in the fourth quarter of 2011 and put more money to work in the tech sector, which has been the top performer so far this year.
Homebuilder stocks have jumped as much as 45 percent over the past three months. But the question remains whether it's a fragile rally based on overly optimistic expectations for the economy or an early sign that a sustained real estate recovery is in the offing.
New homes aren't selling, new delinquencies are rising, and inventories of existing homes are way too high...Some analysts out there think that some builders are well-positioned to profit going forward.
A list of the Top Ten zip codes for political campaign contributions shows that politicians, PACs and political parties are just like the gangster Willie Sutton, who said he robbed banks because “that’s where the money is.” The politicians are the political equivalent—following the money to the nation’s wealthiest enclaves to rake in big bucks.
The Dow's ascent after the latest Fed minutes quickly petered out and the blue-chip index ended flat. Banks and some techs were higher, while retail and homebuilder stocks were weak.
THe Dow turned higher Tuesday after the latest Fed minutes were released. Banks and some techs were higher, while retail and homebuilder stocks were weak.
Stocks declined Tuesday amid buzz that Greece wants to renegotiate its bailout package and as investors await minutes from the Fed's last policy meeting.
April has started off well, already up 1.1 percent for the Dow. Remember, April is the still the best month for the Dow Industrials, up an average 2 percent since 1950, though there is often a dip right after the tax deadline ends. And: Banking and housing stocks have seen dramatic moves this year, and are the subject of two interesting analyst calls this morning.
November's disappointing new home sales data didn't cause widespread pessimism on home builder stocks. David Urani of Wall Street Strategies and Steve Kim of Alpine Mutual Funds are still bullish on the sector, and think it's a good place to invest in 2010.
The Chinese market is likely to fall 25 percent, taking U.S. stocks with it, with the S&P 500 possibly falling below 800, Robin Griffiths, technical strategist at Cazenove Capital, said Monday. But then U.S. indexes will rise again for a substantial amount of time, with the Dow estimated to rise to 1,250, he added.