Take a look at some of Friday's midday movers:» Read More
Speaking at a real estate conference in New York, the CEO of luxury homebuilder Toll Brothers, Robert Toll, said, “I see no reason to expect a change in confidence until probably April ’08, when the candidates will fairly well be settled for the presidential election and we’ll start to listen to speeches about how we’ll get better.”
Of course, nobody’s perfect! Click here to find out which of the recent picks in technology...home building... and more that didn’t quite pan out.
Luxury home builder Hovnanian Enterprises posted a quarterly loss on Thursday compared with a year-earlier profit and withdrew its prior earnings forecast, citing a protracted U.S. housing slowdown. 1st paragraph of story should go here.
Sales of new U.S. homes rose 16.2 percent in April, the sharpest climb in fourteen years, while prices fell a record 11 percent, according to a government report on Thursday that showed home builders taking extraordinary steps to move houses.
Luxury homebuilder Toll Brothers said its fiscal second-quarter profit fell sharply and it remained uncomfortable giving an earnings forecast in the face of the contracting housing market
Homebuilder Toll Brothers said its fiscal second-quarter profit fell sharply from the year-ago period. Yet April new-home sales topped estimates, jumping 16.2%. Nishu Sood, sector analyst at Deutsche Bank, joined "Squawk on the Street" to make sense of the news -- and offer ways to play the housing market.
Former Fed Chairman Alan Greenspan dampened stock performance around the world with his warning yesterday that China's red-hot stock market will face a sharp decline some day. European markets are lower this morning and Asian markets closed mostly lower overnight. Yet China's Shanghai index shrugged off the comment, closing just 0.5% lower after managing to also hit a new intraday high in a volatile session.
It may finally be getting easier to sell that house of yours again. The SPDR S&P Homebuilders (XHB) has turned this month, jumping 6% over the last five days alone. More than half of that came today on comments from Treasury Secretary Hank Paulson who suggested the housing sector may get a little better. Is the worst over?
People just don’t believe Cramer when he says he thinks the Dow Jones Industrial Average will see 14,548 by year’s end. That’s why all week he’s breaking down each component of the index to show the nonbelievers from where the next 1,000 points is coming. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
The guys go behind the headlines and give you their take on... climbing prices at the pump... "beans in the teens"... and more. Find out where they see fast money.
Stocks will take their direction from economic data today after yesterday's drenching from negative April chain store sales took the Dow down 147 points and bit 1.7% off the Nasdaq and 1.4% off the S&P 500. European markets are lower, following overnight weakness in Asian markets.
Stocks ended higher and the Dow closed at a new record after the Federal Reserve voted to keep interest rates unchanged. "You're seeing a lot of money that was put on the sidelines earlier in the day … that money was safe to come into the market," said Jeff Kleintop, chief market strategist at LPL Financial Services.
I almost didn't want to do the Toll Brothers earnings report today on TV, because frankly, I feel like a broken record. Oh look, there's a homebuilder reporting poor earnings, missing the Street's expectations and lowering full-year earnings outlooks. And guess what? It's those tighter lending standards and that buyer skittishness that has everyone running for the hills of suburbia.
Stocks are searching for direction at lower levels ahead of the Fed's meeting today. The Fed is not expected to move on rates but its comment will be watched carefully.
Home builder Toll Brothers said its preliminary second-quarter sales fell from the same quarter last year, due to continued weakness in the U.S. housing sector, and the company also said it will not meet its previous sales and earnings guidance.
It should surprise no one who watches the ups and downs of Wall Street that a horse named Street Sense would come from way behind to win the Kentucky Derby. The week ahead looks like it will put everyone's street sense to the test as a louder chorus of market watchers use the word "caution" when it comes to buying stocks.
Media stocks are cheap, so some big players in the industry are saying “Let’s make a deal.” This week's flurry of potential media mergers includes such heavyweights as News Corp., Dow Jones, Reuters and Thomson. Analysts say that the main driver behind the proposed combinations is that media stocks are relatively cheap, making companies ripe for picking.
Thanks to the housing boom, a lot more people own million-dollar homes than a decade ago, but the status symbol certainly isn't what it used to be.
Want to become a billionaire trader? Then you need to think like a billionaire trader-- and take big picture trends such as employment or housing starts and turn them into winning stock picks. We call this feature Stockonomics. Click here to find out how to find fast money in economics.
Builders remain cautious and buyers continue to be hesitant, but investors may want to make a move.