An ongoing rebound in the new home market is leading to better sales of building materials and new appliances, CEOs told CNBC on Wednesday.» Read More
NEW YORK-- KeyBanc Capital Markets upgraded Owens Corning, foreseeing accelerated profit growth from all three of the company's divisions this year.
*JP Morgan raises target price to $42 from $35; rating neutral. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
*Stifel raises target price to $50 from $43; rating buy. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
*RBC raises target price to $50 from $44; rating sector perform. Reuters Station users, click. 1568. Reuters Station users, click. 4899 (; ().
An ongoing rebound in the new home market is leading to better sales of building materials and new appliances, CEOs told CNBC on Wednesday.
Owens Corning posted strong Q1 earnings. CEO Mike Thaman offers insight on the quarter and the company's plans for the rest of 2013.
The Dow dipped while the S&P 500 edged up on Wednesday as a sharp drop in durable goods orders last month added to worries about slower U.S. economic activity and Apple's results disappointed investors. **BOEING CO, $91.15, up 3.3 pct. **APPLE INC, $401.20, down 1 pct.
Earnings: Still choppy, but mostly good news for tech and building materials.
Apple briefly got some of its shine back, after it delivered a package of capital programs that shareholders have been clamoring for.
It's make-or-break time for the first-quarter earnings season, and it comes just as the stock market is showing signs of strain.
The "Talking Squawk" blog is meant to be a funny, sarcastic look at business news through the unique "Squawk Box" lens. But it was difficult to think about anything from that viewpoint this week.
Take a look at some of Friday's midday movers:
Suppliers like T. Boone Pickens' Clean Energy Fuels, Royal Dutch Shell and China's private ENN Group are scrambling to build natural gas fueling stations along U.S. highways, while Cummins-Westport Inc will begin later this year selling a 12- liter natural gas engine able to power the biggest trucks on the road.
Although the U.S. housing market is improving, some analysts are saying the run may be over for the home builder stocks.
Owens Corning CEO Michael Thaman discusses quarterly earnings, and the state of the housing market. "We believe we will begin to grow in 2013, and we'll probably have a 3-4 year run where we could see 10-15 percent growth," he says.
Is housing slowing down? January housing starts, at 890,000, was below expectations of 925,000, which follows the poor showing of the National Association of Home Builders builder sentiment index.
One problem with stocks at new highs: Corporate buybacks have been dropping, hitting an eight-month low last week, according to TrimTabs.
Most stocks trade in tandem with the market. But some tend to bounce back a little faster.