http://profitabletradingtips.com/trading-investing/finding-the-real-estate-stock-bottom Finding the Real Estate Stock Bottom Are we finding the real estate stock bottom as home prices fall back to 2003 levels? Home prices may well have bottomed out but how about real estate stocks? Traders look to the future and, thus, the market commonly anticipates stock prices, commodity prices, and real estate prices. Finding the housing market bottom will be useful in buying property but finding the real estate stock bottom is the name of the game for stock traders. Here we look at four large United State home building companies. If these four stocks are any indication, finding the real estate stock bottom may have been an issue for late last year. On the other hand all of these stocks are trading above their 52 week low and below their 52 week high so the issue may still be in question. We look at Hovnanian Enterprises (HOV), Lennar Corporation (LEN.B), Beazer Homes, and Toll Brothers, Inc (TOL). Considering the prices of a couple of these stocks, this exercise does not have to do with how to trade penny stocks but rather how to anticipate a stock rebound. Hovnanian Enterprises HOV trades current at $2.70 after opening 5 cents higher after Ben Bernanke announced that the Fed will continue to stimulate the economy. The stock has traded between $0.89 and $3.69 a share in the last fifty-two weeks. This is a stock that peaked at $72.30 in the middle of 2005. Lennar Corporation (LEN.B) gapped up a dollar and fifty cents on the statement of the Fed Chairman and is trading at $22.64 a share. Its 52 week range is $8.95 to $22.64. The stock rose to $62.59 in the middle of 2005. Beazer Homes gapped up 8 cents to $3.38 a share on the news from the Fed. It has traded in the $1.35 to $4.79 range in the last 52 weeks and traded at a high of $79.12 at the very end of 2005. Toll Brothers, Inc. jumped from a $23.65 closing to any early day $24.51 on Mr. Bernanke's statement that more help for the economy is forthcoming. Toll Brothers peaked at $57 in the middle of 2005. Basic factors that affect the housing market, and finding the real estate stock bottom, include jobs, inflation, and consumer confidence. However, market sentiment also comes into play. When stock traders believe that a rally in eminent they will buy and when they believe that a collapse is eminent they will sell. While home prices are a third below their 2006 highs the home builder stocks we cite above have fallen nearly two thirds of their peak values. The exception is Hovnanian which has fallen more than ninety percent. Finding the real estate stock bottom is important for two reasons. First, of all no one wants to be trading a stock that has flat-lined. Buying cheap stocks is only profitable if the stock is about to rise in price. Secondly, if the past is any indication of the potential of these stocks, there could be a lot of profit in finding the real estate stock bottom and selling on the rise. As always, fundamental and technical analysis are essential to picking the right stock at the right time. As always we are not recommending these stocks or home builder stocks in general but are offering this profitable trading tip as an example of thinking through which stocks to trade. http://youtu.be/bdzx5RtwmSc
May.25 -- A bond market bet returned a 2,000 percent profit just by trusting in the forward guidance of the Federal Reserve. Bloomberg's Jason Kelly reports on "Bloomberg Daybreak: Americas."
American Eagle Outfitters (AEO) was downgraded from buy to hold by Jefferies (JEF) as the firm feels that the stock is fully valued. A $22 price target was issued. Shares are lower by about 3.2 percent. Hovnanian (HOV) was downgraded from buy to neutral by UBS (UBS) with a price target of $7.50, as the shares are fully valued after the recent run up. Shares are higher by about two percent. This is Sayoko Murase for Passfail.com, taking you behind the ticker. For Passfail.com, Behind The Ticker (TM) Pass Fail News
Feb.22 -- Kristina Hooper, chief global market strategist at Invesco, discusses the outlook for markets and her thoughts on investing. She speaks with Bloomberg's Alix Steel and David Westin on "Bloomberg Daybreak: Americas."
In trading on Friday, general contractors & builders shares were relative leaders, up on the day by about 1%. Leading the group were shares of Hovnanian Enterprises (HOV), up about 5.9% and shares of Homex Development (HXM) up about 1.4% on the day. Also showing relative strength are precious metals shares, up on the day by about 1% as a group, led by Richmont Mines (RIC), trading higher by about 4.3% and Aurizon Mines Limited (AZK), trading higher by about 4% on Friday. This is Sayoko Murase for Passfail.com, taking you behind the ticker. For Passfail.com, Behind The Ticker (TM) Pass Fail News
Stocks were back to extending their losses in midday trading Monday after opening higher. The Dow gave up its triple point lead as oil's decline stays center stage. Investors are also weighing mixed economic reports. The Empire State index came in negative for the first time in nearly 2 years. Industrial production in November rose however to its biggest increase since May 2010. And home builder sentiment dropped this month by one point. Investors are also weighing mixed economic reports. Homebuilders are tumbling in session. Toll Brothers (TOL) and KB Home (KBH) are down almost a percent. Hovnanian (HOV) is dropping more than 5%. Twitter (TWTR) is rising above the downward trend. The social micro blogging site is gaining after a bullish call from JMP Securities. Subscribe to TheStreetTV on YouTube: http://t.st/TheStreetTV For more content from TheStreet visit: http://thestreet.com Check out all our videos: http://youtube.com/user/TheStreetTV Follow TheStreet on Twitter: http://twitter.com/thestreet Like TheStreet on Facebook: http://facebook.com/TheStreet Follow TheStreet on LinkedIn: http://linkedin.com/company/theStreet Follow TheStreet on Google+: http://plus.google.com/+TheStreet
Good morning and welcome to another Junius Maltby broadcast! Today we hear from PETER SCHIFF! The man, the legend.
The major U.S. equity indices closed higher Tuesday, following a slew of positive earnings the day prior, as well as names like Nike Inc. (NYSE:NKE), Hovnanian Enterprises, Inc. (NYSE:HOV) and Tibco Software (NASDAQ:TIBX) on today's after-hours earnings block. The Census Bureau reported a notable boost to the nation's population, which was 308,745,538 on April 1st, up from 281.4 million ten years ago. In corporate news, ConAgra Foods, Inc. (NYSE:CAG) reported its fiscal 2011 Q2 operating profit at $284 million, a 14% decline from $330 million in the year-ago period. Diluted EPS from continuing operations was $0.45, down from $0.53 in the prior year. Citigroup Inc. boosted its 2011 and 2012 EPS estimates for Adobe Systems Inc. (NASDAQ:ADBE), following the release of the company's financial results on Monday. Citigroup raised its 2011 EPS estimate for the firm by $0.10 to $2.33, and lifted its 2012 EPS estimate from $2.50 to $2.64. Citigroup, however, maintains the company's Buy rating and $42.00 price target. Officials from Activision Blizzard, Inc. (NASDAQ:ATVI) announced that its "Call of Duty: Black Ops" game garnered over $1 billion in global sales. $650 million of the total sales occurred within the game's first five days in stores since its release in November. The Dow Jones Industrial Average (DJI) closed 0.48% higher at 11,533.16 the S&P500 (INX) closed 0.60% higher at 1,254.60, and the Nasdaq Composite (IXIC) closed 0.68% higher at 2,667.61.
Custom home builder, Mike Harrison, is originally from the Tulsa area and has decided to come back home. With over 30 years of custom home building experience in Houston, Texas, Boca Raton, Florida and Nashville, Tennessee, he has owned his own company and built over 800 homes. More specifically, during the past 10 years, he has built homes in the $600,000 to over $2,500,000 price range. His company’s affinity for design excellence is also award winning. Mike was proud to have been the recipient of the Custom Builder of the Year PRISM award given by the Greater Houston Builders Association. Mike was also a runner-up in the year prior to winning and the following year.
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