Some of Thursday's midday movers:» Read More
ATLANTA— PulteGroup Inc. on Thursday reported fourth-quarter profit of $217.1 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share. PulteGroup shares have declined 4 percent since the beginning of the year, while the Standard& Poor's 500 index has decreased roughly 3 percent.
Investors welcomed better-than-expected quarterly results from several companies, including Ford, Coach and Harley-Davidson. Benchmark U.S. crude oil rose 8 cents to close at $44.53 a barrel. "We've had a bit of a turnaround since the lows we saw earlier in the day," said Anastasia Amoroso, global market strategist at J.P.
Johnson& Johnson sank after reporting that a stronger dollar pinched the company's quarterly results. THE DOLLAR EFFECT: Johnson& Johnson, the maker of Tylenol, prescription drugs and joint replacements, turned in earnings that beat analysts' forecasts, yet it came up short for revenue, largely a result of a stronger dollar. D.R. Horton dropped $1.07, or 5 percent, to...
Jan 15- Lennar Corp, the second-largest U.S. homebuilder by the number of homes sold, said it expects 2015 margins to be squeezed as falling oil prices hurt demand in Houston, a city heavily dependent on the energy sector. The warning overshadowed a 50 percent jump in quarterly profit and pushed Lennar's shares down as much as 9 percent. Houston accounted for about...
Some of Thursday's midday movers:
Jan 15- Lennar Corp, the second-largest U.S. homebuilder by the number of homes sold, reported its first fall in quarterly margins in three years and forecast a further drop in 2015 as costs rise. The warning overshadowed a 50 percent jump in quarterly profit and pushed Lennar's shares down as much as 4.3 percent in morning trading on Thursday.
Some of Tuesday's midday movers:
WASHINGTON, Jan 7- The Federal Housing Administration will reduce annual mortgage insurance premiums by 0.5 percentage point to 0.85 percent from 1.35 percent, the White House said on Wednesday. In a statement, the White House said the move was part of President Obama' s efforts "to expand responsible lending to creditworthy borrowers." The administration also...
Some of Wednesday's midday movers:
In a large options trade Monday, one trader bet housing stocks will collapse in the coming months.
Next year is shaping up to be one of those rare times when strong economic growth is accompanied by low interest rates, the perfect mix for housing.
When it comes to housing, low gas prices not only help pad people's pocketbooks, but they are also boosting consumer confidence.
Pulte Homes is rushing to build more so-called active adult communities catering to baby boomers, many who still work full time.
CNBC's Diana Olick speaks to Richard Dugas, Pulte Group CEO, about the state of the housing market and Pulte's big bet on active adult communities.
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...
Take a look at some of Thursday's midday movers:
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:
The "Fast Money" traders share their final trades of the day.