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Stocks D. R. Horton Inc

  • Wall Street traders

    Stocks battle a rough batch of economic news Tuesday. Home prices, another look at third quarter GDP and consumer confidence data are posted in the morning.

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    In this Web Extra find out what to expect from DR Horton earnings, the consumer confidence numbers, and a spate of retail reports.

  • Pulte Homes plunged to a new multi-year low today, after our OptionMonster's tracking systems showed strong institutional put buying yesterday. Our puts becamse that much more valuable....

  • Stocks ended the day significantly lower but avoided a catastrophe, as an orderly selloff staved off what some thought would be a massive market capitulation.

  • For the week ending Friday, October 3, 2008,  the major U.S. Indices declined steeply on continued uncertainties over the financial bailout / rescue plan, concerns in the credit markets and more economic deterioration.

  • Another black eye for the housing sector: KB Home reported that its third-quarter loss was more than four times that of the same quarter last year. But there's hope yet...

  • For the historic week ending Friday, September 19, 2008,  the major U.S. Indices managed to close mixed and almost flat after one of the most volatile trading weeks ever, driven by the collapse of investment bank, Lehman Brothers, enormous government actions around the globe, and billion dollar deal making.  In one week, the government bailed out AIG, pumped funds into money markets, and banned short selling of financials - all while keeping the Fed Funds target unchanged and taking unprecedented actions to halt the liquidity crisis.  The CBOE Volatility Index (VIX) surpassed the benchmark level of 30, hitting an intraday high of 42.16 on Thursday, its highest level since 10/2002.    The major indices were all up and down +/- 3% for 4 of the past 5 days.  The Dow posted a 2 day point move of more than 778 points as of Friday’s close, after plummeting 811 between Monday and Wednesday and hitting 10,609.66, its lowest level since 11/9/2005.  On Friday, The Nasdaq Composite recorded a 2-day point move of greater than 175 points after it closed down 109.05 points on Wednesday, its first triple digit decline for one day since it began trading after the 9/11 attacks.  The S&P 500 flirted with record territory closing up 98.7 over the last two days, marking its biggest 2-day point move since 3/16/2000, the largest 2-day point move ever.

  • So we have come to this: forget financials, forget materials, forget energy. Our market leaders are retailers and home builders.

  • After the announcement of the Freddie Mac and Fannie Mae bailout, mortgage rates fell to their lowest level in about five months.  Here are the longer term trends...

  • Financials helped the Dow pull off a nearly 300-point gain Monday but techs limped to the finish line as nagging worries about a global economic slump found their way back into the market.

  • The air started to come out the Fannie-Freddie-inspired rally as the market started to float back to Earth.

  • The air started to come out the Fannie-Freddie-inspired rally as the market started to float back to Earth.

  • Stocks rallied, with the Dow up more than 300 points in the first few minutes of trading, as Wall Street cheered the bailout of Fannie Mae and Freddie Mac.

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    Now that the government is in charge of the GSE's (can I call them Government "Sponsored" Entities or should that change to something else??), analysts are looking for the builders to reap the rewards, long term in sales and short term in the stocks.

  • While Fannie and Freddie are not trading pre-open (prevented by NYSE), the government rescue of Fannie and Freddie is having a very notable effect on financial and homebuilding stocks

  • Foreclosure

    New numbers are out today from the Hope Now Alliance. You may remember last fall, when Treasury Secretary Henry Paulson announced this new effort, bringing together mortgage servicers, counselors and investors to help borrowers in trouble.

  • The Mad Money host puts an expiration date on this misery and offers 10 reasons why he’s sure the end is near.

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    Medal Round - Only One Day to Go: With only one day left in the competition, the USA's S&P 500 finished the day up .25%, the only competing index to gain for the day.  It'll take a big rally in Australia to catch the S&P, but who will take home the silver and bronze?

  • The losses stem mostly from inventory impairments and land write-offs. In English, that means the value of their properties are falling and they’re having to walk away from land that they can’t use because nobody is going to buy the house they would put on it.

  • D.R. Horton, the largest U.S. home builder, posted a bigger-than-expected quarterly loss as it wrote down the value of more holdings in a decimated real estate market.