|Day Low/High||51.17 / 52.65|
|52 Wk Low/High||32.39 / 54.42|
Good news for renter-focused REITs, bad for homebuilders.
U.S. stocks opened higher Tuesday as the Federal Reserve begins its 2-day meeting today on the economy and interest rates.
Two tech companies in Jim Cramer's charitable trust report as well.
Shares of homebuilder Lennar (LEN) ended Wednesday's trading day with a gain of over 4 percent, making it TheStreet's Move of the Day.
This week we'll see about nine companies reporting that are worth paying attention to.
Margins continue to be hurt by incentives and concessions.
Homebuilders Standard Pacific (SPF) and Ryland Group (RYL) surged on Monday on news the two had agreed to merge to form a combined company with a market cap of $5.2B.
Stocks plummeted on stronger economic data which exacerbated fears the Federal Reserve will hike interest rates sooner than expected.
New starts rise may be more of a snap back than sustainable upturn.
Amid evidence of slower growth, we're not surprised by the hedging.
Data shows slower new order growth and subdued export demand
And why McDonald's shares will leave a bad taste in your mouth.