Despite today's disappointing GDP, the market uptrend remains intact.» Read More
NEW YORK-- Shares of homebuilders tumbled Thursday on a report that U.S. builders broke ground on fewer homes in April, but analysts said the drop could be looked at as a buying opportunity. According to the Commerce Department, builders started construction at a seasonally adjusted annual rate of 853,000, a 16.5 percent drop from the March pace of 1.02 million.
WASHINGTON-- Builders likely broke ground at a slightly slower pace in April but activity was expected to remain close to the 1- million mark. The Commerce Department will release the report at 8:30 a.m. EDT Thursday.
WESTLAKE VILLAGE, Calif.-- Ryland Group Inc.' s strong sales trends from the first three months of the year have continued into April, suggesting a healthy spring selling season for the homebuilder.
April 29- Ryland Group Inc:. *S&P Capital IQ raises to hold from sell; raises price target by $19 to $53. Reuters Station users, click. 1568.
Despite today's disappointing GDP, the market uptrend remains intact.
April 26- Ryland Group Inc:. For a summary of rating and price target changes on U.S. companies: Reuters Eikon users, click on RCH/US Reuters 3000 Xtra users, double-click RCH/US Reuters Station users, click. 1568.
April 26- Ryland Group Inc:. *FBR raises price target to $49 from $43; rating market perform. Reuters Station users, click. 1568.
April 26- Ryland Group Inc:. *Barclays raises price target to $50 from $45. Reuters Station users, click. 1568.
While smaller builders are taking the brunt of the price increases, the big public builders may actually be taking advantage of them.
Revenue shortfalls continue; companies seeking to raise dividends, increase buybacks.
April 25- Ryland Group Inc:. *UBS raises price target to $39 from $36; rating neutral. Reuters Station users, click. 1568.
April 25- Ryland Group Inc:. *Credit Suisse raises price target to $44 from $42; rating neutral. Reuters Station users, click. 1568.
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.
Stocks finished at session lows Monday, posting their sharpest one-day drop this year, as disappointing economic data from China triggered a selloff in commodities.
Take a look at some of Monday's midday movers:
Stocks closed in the red Monday, with the S&P 500 moving further away from its all-time high, amid worries over the bailout news in Cyprus and over fears the euro zone's bigger troubled economies such as Spain and Italy may follow suit.
Check out which companies are making headlines after the bell Wednesday:
CNBC's Diana Olick looks at today's mortgage application numbers. A drop in the rate of the 30-year fixed sent mortgage apps higher, she reports.
Stocks finished modestly higher across the board Tuesday, with the Dow and S&P 500 closing at their best levels since October 2007, lifted by optimism for more M&A deals and after positive economic data from Europe.
Despite an improving housing market and firming prices, it's going to be difficult to achieve what is already priced into the stocks, which skyrocketed last year, an analyst told CNBC.