|Day Low/High||40.13 / 41.74|
|52 Wk Low/High||9.82 / 42.61|
The homebuilding sector is showing signs that it can remain red hot in 2019.
Equity markets marked time on Monday, mostly on light volume.
How did we get from a rolling bear market to a rolling bull market so quickly?
This is why using the Philips Curve, in a vacuum, is misleading.
Aggressive traders could probe the long side of KBH on strength above $22 risking below $18.
The S&P 500 began the year selling at 18.2x forward earnings. It is now at around 15x projected earnings.
To this observer, the most worrisome developments in the capital markets this week include the following: * The deterioration in the high yield bond market. (The charts of and are rolling over). * The heightened regime of volatility in the U.S. stoc...
* The regime of volatility is growing more conspicuous * An ideal trading market continues * But the earnings disappointments are countering normal seasonal market strength and adversely impacting investors' appetite for risk "Workin' on our night m...
The perception of the majority right now is quite negative.
The stocks that performed well were the stocks that you would reach for in a recession.
We are in the midst of earnings season where we can piece together a mosaic of what's really going on in the economy.
Let's check out some upgrades, downgrades and more.... Upgrades: * Domino's Pizza at Maxim Group to a Buy with a new $310 price target, up from $305 * Workday at Bernstein fetches a new Outperform rating Downgrades: * Lennar and Meritage are hit wit...
A report from FactSet just hit my email inbox with the following headline - "Analysts Made Smaller Cuts than Normal to EPS Estimates for S&P 500 Companies for Q3." It starts off with the following: "During the third quarter, analysts lowered earning...
A few names are getting analysts' attention today. KB Home KB Home upgraded to "Outperform" at Raymond James. -- As I mentioned earlier this morning, the market is pricing in five more hikes, so I expect the short-term pressure to continue until the...
Cars and homes are supposed to be bad. So why are KMX and KBH so good?
Now there's no real crisis here. I think that money's still being spent, it's just being spent a different way.
The decline in KBH has slowed down but we still see lower highs on the chart.
Business is quite strong, despite what the market is saying.
Average selling price of homes continues to post mid-single year-over-year gains across the industry.
These stocks are like spewing volcanoes. You do not want to get hit by one of them.
The idea that the tax changes have done nothing is, indeed, fanciful.
The labor participation rate, and not the employment number itself, may be the key 8:30 a.m. figure.
The Feds accompanying statement came off, to me, as slightly confused.
Many market conventions are falling by the wayside in this wildly bullish market.