Housing construction jumped to pre-recession highs and gave homebuilders a boost on Tuesday. Hovnanian (HOV), Lennar Corp (LEN), D.R. Horton (DHI) and KB Home (KBH) were all trading higher by midday. Stocks were moving within a narrow range as better-than-expected earnings from Home Depot (HD) offset a disappointing quarter from Walmart (WMT). American Apparel (APP) looked to be teetering on the edge of bankruptcy. The retailer ended its recent quarter with just $11.2 million in cash. That’s less than an upcoming October debt repayment. TJX Companies (TJX), owner of chain TJ Maxx, jumped after beating estimates on its top- and bottom-line. Comparable-store sales rose 6%.
More from Video
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Breaking down an approach to the long side of this biotech stock.
AMSC CEO discusses that and China challenges.
One of pharma's biggest CEO's talks M&A action on the exchange.