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Surprise Upside (XOM, POT, AKAM, PEP, RYL, BTX)

Posted by Geoff Seiler at 4:39PM on April 26th

Every time the market has shown signs of pulling back this year, it has rallied strong. This week was no exception, with stocks up nicely the last two days. The jump in the market was somewhat surprising, though, as earnings…

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Homebuilders Surge on Pending Sales Data (HOV, PHHM, LEN, MTH, RYL, NVR, DHI, TOL)

Posted by Jason Smith at 12:20PM on December 2nd

Traders focused on positive housing data on Wednesday, lifting the Dow by triple digits and sending homebuilders soaring by as much as 7%. This morning, the National Association of Realtors reported that pending home sales surged by 10.4% in October,…

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Homebuilders Rally Despite Data (BHS, MTH, XIN, PHHM, PHM, RYL)

Posted by Jason Smith at 3:11PM on November 24th

According to the Commerce Department, new home sales fell by -8.1% in October to a seasonally adjusted annual rate of 283,000 units, yet homebuilding stocks managed to stage an impressive rally ahead of the market holiday.

As a whole, the Homebuilder…

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Homebuilders Rally Despite Disappointing Data (MHO, RYL, BZH, LEN, NVR, DHI, BHS, KBH)

Posted by Jason Smith at 12:43PM on September 24th

August new home sales came in at an annual pace of 288,000, which matched July’s sales rate and missed the economist consensus for an improvement to a rate of 295,000. TD Securities economist Eric Green told Bloomberg, “There is no…

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Lennar Beat Puts Homebuilders In Focus Ahead of Data (LEN, BZH, MHO, KBH, PHM, TOL, MTH, RYL)

Posted by Owen Vater at 9:30AM on September 20th

Homebuilders took a hit last week after bearish foreclosure data stoked fears of a continued housing slump, but Lennar (LEN) rebounded on Monday after better-than-expected fiscal third-quarter earnings. The company recorded net income of $30 million or 16 cents per share for…

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Is Now The Time To Get Bullish On Homebuilders? (PHM, TOL, BZH, MTH, RYL, LEN)

Posted by Owen Vater at 9:08AM on September 10th

Housing was among the weak points noted in this week’s Federal Reserve Beige Book as districts reported a “sustained lull” in activity following the expiration of homebuyer tax credits in June. While it’s uncertain when the data will meaningfully improve,…

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Data Lifts Homebuilders After Tuesday’s Sell-Off (BZH, HOV, MTH, SPF, NVR, RYL, XIN, CVCO, SKY)

Posted by Anita Godse at 11:06AM on June 2nd

Pending home sales numbers were better than expected in April. The National Association of Realtors’ index was up 6% to 110.9, well above the 4.3% consensus. According to coverage by The Wall Street Journal, the March figure was revised to…

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Tax Credit-Fueled Numbers Send Homebuilder Stocks Soaring (HOV, BHS, XIN, RYL, MHO, SPF, PHHM)

Posted by Anita Godse at 11:38AM on May 26th

On Wednesday, the Department of Commerce estimated that new-home sales rose nearly 15% in April to a seasonally-adjusted annual rate to 504,000—the highest levels since May 2008. This was significantly higher than estimates projecting an annual rate of 425,000. A…

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