Rafe Jadrosich

Shares of KB Home (NYSE:KBH) traded higher on Tuesday after the company reported upbeat fiscal second-quarter revenues a day earlier. The announcement came amid an exciting earnings season. Here are some key analyst takeaways. BofA Securities On KB Home Analyst Rafe Jadrosich maintained a Buy...

BofA Securities analyst Rafe Jadrosich writes that the building product companies may encounter significant headwinds from tariffs, though the full impact remains uncertain. Notably, last week, the Trump administration proposed steep new tariffs on several countries, while maintaining current rates...

BofA Securities analyst Rafe Jadrosich updated the price forecast for Lennar Corp (NYSE:LEN) to reflect the impact of the weak housing market and the Millrose Properties spin-off. The analyst slashed the price forecast to $130 from $140 while retaining a Neutral rating. Last month, the company...

Shares of Mohawk Industries Inc (NYSE:MHK) were climbing in early trading on Friday, after the company reported its second-quarter results. The company appears poised for continued margin recovery and improving capital allocation, according to BofA Securities. The Mohawk Industries Analyst: Rafe...

Existing home sales dropped another 7.7% in November to 4.09 million, missing consensus economist estimates of a 5.2% decline. Rising mortgage rates have tanked the U.S. housing market in 2022, but one analyst says that things could go from bad to worse in 2023 for homebuilder stocks such as D...

Tight industry capacity is allowing Owens Corning (NYSE: OC) to “continue to push through pricing” in roofing and insulation, according to BofA Securities. The Owens Corning Analyst: Rafe Jadrosich upgraded the rating for Owens Corning from Underperform to Buy, while raising the price...

New home demand has deteriorated over the past few weeks due to the spike in mortgage rates, a sharp decline in consumer confidence and the weaker economic growth outlook, according to BofA Securities. BofA On Owens Corning Analyst Rafe Jadrosich downgraded the rating for Owens Corning (NYSE:...

After more than a decade of growth stocks outperforming value stocks, that trend has reversed in the past year. The Vanguard Value Index Fund ETF (NYSE: VTV) has generated a total return of 13.3% in the past 12 months, compared to just a 1.1% total return for the Vanguard Growth Index Fund ETF (...

Industry checks indicate that demand for building products was “exceptionally strong” in the first quarter of 2022 and will continue to be strong through the second quarter due to “lean channel inventory and robust contractor backlogs,” according to BofA Securities. The...

The year got off to a bumpy start for investors, and the S&P 500 is now down 5.6% year-to-date in 2022. But while investors are growing increasingly concerned about inflation, rising interest rates and supply chain disruptions and geopolitical tension stemming from the war in Ukraine, Bank of...

Home builders have underperformed, despite posting strong quarterly earnings and issuing robust guidance for 2022, according to BofA Securities. The Home builders Analyst: Rafe Jadrosich upgraded the ratings for Toll Brothers Inc (NYSE: TOL) and PulteGroup, Inc. (NYSE: PHM) from Underperform to Buy...

Lululemon Athletica Inc (NASDAQ: LULU) shares gained 5.5% on Tuesday after the company announced a $500 million buyout of in-home fitness company Mirror. Mirror is Lululemon’s first major acquisition, and the deal is expected to close in the second half of the year. New Way To Connect Bank of...

Lululemon Athletica Inc (NASDAQ: LULU) posted a 17% revenue decline in the first quarter Thursday despite 68% e-commerce growth. Earnings of 22 cents per share missed the Street estimate by a penny, while gross margins beat the consensus by more than 100 basis points.  “We come...

Lululemon Athletica Inc. (NASDAQ: LULU) shares traded higher on Friday after the company knocked it out of the park with its second-quarter earnings report. Lululemon reported earnings and revenue above analyst forecasts and said same-store sales growth was up 15% last quarter, beating consensus...