Stocks finished near session lows in volatile trading Wednesday, with the Nasdaq snapping an eight-day winning streak, as investors digested minutes from the Fed's latest policy meeting.» Read More
Some of the names on the move ahead of the open.
Sure we’ve had a big run,” Jim Cramer said. “But I think there are places where you can come right in and buy.”
Legendary fund manager Bill Miller of Legg Mason Capital Management says bull markets rest on economic growth, adequate liquidity and valuation. Miller also believes we are at the beginning of a long housing bubble.
Some of Wednesday's midday movers:
*Earnings $0.73/ share vs $0.56 a year earlier. Dec 18- Lennar Corp, the No.3 U.S. homebuilder, reported a 13 percent jump in quarterly orders and the second-highest gross margins in its 59- year history, defying a recent slowdown in the U.S. housing market that hurt its bigger peers.
The Fed put is still very much alive. That, bulls argue, will be a major underpinning for stocks in 2014.
Dec 18- Lennar Corp, the No.3 U.S. homebuilder, reported a 13 percent jump in quarterly orders, defying a recent slowdown in the U.S. housing market that has hurt its bigger peers. "They're best in class," Williams Financial Group analyst David Williams said.
Dec 18- Lennar Corp, the No.3 U.S. homebuilder, reported a 32 percent jump in fourth-quarter profit in a slowing housing market that tempered order growth. Lennar's orders rose 13 percent in the fourth quarter, compared with 14 percent in the third and 32 percent in the fourth quarter of 2012..
Dec 10- D.R. Horton Inc is temporarily suspending its practice of reserving mineral rights beneath new homes it sells in Florida, according to a letter from the company to the office of the Florida Attorney General.
U.S. stocks rose Tuesday, with the Dow and S&P headed to record finishes.
While education appears to be the primary draw for the buyers, many are also concerned about China's political instability, inflation, even pollution.
Toll Brothers Inc stands out as the exception. It has also reported a preliminary 6 percent rise in orders, in contrast to the drop in orders just reported by top U.S. homebuilder D.R. Horton Inc and No. 2 PulteGroup Inc. D.R. Horton and PulteGroup cater mainly to first-time buyers or those upgrading to a bigger property for the first time.
Pulte CEO Richard Dugas tells CNBC's Diana Olick the pause has been caused by rapidly rising rates and job growth will help the housing market in the long run.
*Fourth-quarter profit rises 39 pct to $139.5 mln. *Revenue jumps 40 pct to $1.80 bln. Nov 12- D.R. Horton Inc said home sales picked up in October as mortgage rates eased from two-year highs and the effects of policy paralysis in Washington faded.
Nov 12- D.R. Horton Inc, the largest U.S. homebuilder, reported a 2 percent fall in quarterly orders due to rising mortgage rates and policy uncertainty in Washington. D.R. Horton's net orders fell to 5,160 homes in the fourth quarter ended Sept. 30 from 5,276 a year earlier.
Take a look at some of Friday's midday movers:
*Weyerhaeuser shareholders to gain control of Tri Pointe. *Tri Pointe shares jump 16 pct, Weyerhaeuser stock up 2 pct. Nov 4- Tri Pointe Homes Inc is buying Weyerhaeuser Co's homebuilding division in a $2.7 billion deal that will give it access to developed land in key markets such as California and Texas and make it one of the 10 biggest U.S. homebuilders.
Take a look at some of Monday's midday movers:
Oct 25- Timber conglomerate Weyerhaeuser Co reported a better-than-expected quarterly profit as margins improved in its homebuilding business, which it is looking to sell.
*PulteGroup, other homebuilder stocks gain. Shares of PulteGroup Inc jumped after the homebuilder reported results and said a slowdown in new home orders would be "short-lived."