-
This Homebuilder Is Slashing Prices In Key Cities Where Prices Soared The Most
Saturday, September 28, 2024 - 2:05pm | 502In response to changing market conditions in Florida and Texas, leading homebuilder KB Home (NYSE:KBH) has decided to slash home prices in Austin, San Antonio, Orlando, and Jacksonville. What Happened: According to KB Home’s Chief Operating Officer, Robert McGibney, the company has reduced...
-
Monday's Market Minute: Rising Rates And The Fed
Monday, March 22, 2021 - 9:42am | 405Investors and traders are dialed in on inflation, economic data, and interest rates this week, so let’s take a minute to get ahead of what’s to come. First, we have rates on the rise, and long-term investors are wondering if the recent spike will derail some of the existing trends that...
-
Benzinga's Bulls And Bears Of The Week: Disney, QuantumScape, Tesla, Walmart And More
Saturday, February 20, 2021 - 12:08pm | 1338Benzinga has examined the prospects for many investor favorite stocks over the past week. The week's bullish calls included a rebounding entertainment giant, a well-positioned homebuilder and a retail giant with prospects. An EV maker facing softening demand and a couple of overvalued stocks...
-
Earnings Season Still Days Away, but KB Home Reports Later, Providing Housing Market Insight
Tuesday, January 12, 2021 - 11:42am | 2252Last week featured a “turnaround Tuesday” after a rough start. Can the same thing happen today? So far, there’s signs of it despite the fact that news-wise, not much has changed since yesterday when stocks sold off. People are anticipating a good earnings season and the market is...
-
Monday's Market Minute: Watch The U.S. Dollar
Monday, January 11, 2021 - 11:10am | 446This week, there’s a focus on economic data, earnings, and markets at or near all-time highs. First, a look at the calendar and what could move markets. Today is light to begin the week, but we do have a couple of Fed speakers, one of them being Raphael Bostic. Keep in mind, Bostic has been...
-
KB Homes Downgraded On Valuation Risk After 'Ballistic' Growth
Friday, January 12, 2018 - 3:50pm | 390KB Home (NYSE: KBH) was downgraded by Buckingham Research Group Friday, with an analyst saying the homebuilder's share price "is ahead of itself." The Analyst Buckingham's Mark Weintraub downgraded KB Home from Neutral to Underperform and raised the price target from $28...
-
Taking A Dive Into KB Home's Beat And Raise Quarter
Wednesday, June 28, 2017 - 11:52am | 356KB Home (NYSE: KBH)'s beat-and-raise earnings report on Tuesday wasn't good enough for analysts at MKM Partners to change its Neutral stance on the stock. MKM's Megan McGrath maintains a Neutral rating on KB Home's stock but with a price target raised from $20 to $24 as the company's order growth...
-
Are Low Earnings Expectations For Delta Air, Supervalu An Early Warning About Q4 Reports?
Sunday, January 8, 2017 - 3:07pm | 573Quarterly reports are few this week ahead of fourth-quarter reporting's kickoff. Results due from a leading food retailer and a national airline will be highlights. Do low analysts' expectations for these reports presage the earnings season to come? In what may be the calm before the storm on the...
-
KB Home Posts Q4 Miss; Shares Under Pressure
Thursday, January 7, 2016 - 10:05am | 382Shares of KB Home (NYSE: KBH) were trading lower by nearly 7 percent at $10.98 early Thursday morning after the company's fourth quarter results fell short of Wall Street's expectations. KB Home earned $0.43 per share in the fourth quarter on revenue of $985.8 million. Wall...
-
New Year Earnings To Watch For
Monday, December 28, 2015 - 8:49am | 759No quarterly reports of note are scheduled for this holiday-shortened week. After the first of the year, Walgreens and Monsanto are among those set to report. The fourth-quarter earnings season begins in mid-January. While no quarterly reports to speak of are scheduled for the second holiday-...
-
Oracle, Rite Aid & FedEx Highlight Quiet Earnings Week
Sunday, June 14, 2015 - 11:07am | 773Things will be pretty quiet on the earnings front again this week as we wait for the new season to begin. However, a few household names will be taking their turns the spotlight. If the consensus forecasts of Wall Street analysts prove correct, then FedEx Corporation (NYSE: FDX) and Kroger Co (NYSE...
-
Why New Home Sales Hit An Unexpected High In February
Tuesday, March 24, 2015 - 7:36pm | 784February saw frigid temperatures in most states, but the housing market was hot. Commerce Department data revealed Tuesday that sales of new homes in the U.S. hit an unexpected seven-year high in February, reports the Associated Press. Despite severe weather across the country, which...
-
Jim Strugger's Option Strategy For iShares U.S. Home Construction ETF
Monday, March 23, 2015 - 3:01pm | 313With the economic showing steady signs of improvement, the momentum in home sales is also picking up. MKM Holdings Derivatives Strategist Jim Strugger was recently on Bloomberg to discuss the outlook for home sales and share his trade on the iShares Dow Jones US Home Const. (ETF) (NYSE: ITB)....
-
Buckingham Initiates Coverage On Several Homebuilders
Monday, October 20, 2014 - 1:23pm | 354Traders and investors may want to pay attention to the Homebuilding sector ahead of a busy week for the group going in to the seasonal "hope trade" period where shares of Homebuilder stocks are expected to outperform the broader index. Buckingham's housing analyst Mark Weintraub...
-
Compass Point Research Offers 'The Home Builder Hope Trade'
Monday, October 13, 2014 - 11:49am | 486Wilkes Graham of Compass Point Research on Monday published a report titled ‘The Home Builder Hope Trade, 2014-2015 Edition.' Over the last 16 years, the homebuilders have outperformed the overall S&P 500 index between November 21 and February 6 by an average of 16 percent. Graham...