The homebuilding stocks have been whacked in the past couple months. They can’t buy a bucket even with the broader market holding up quite well. We haven’t liked the homebuilders on a fundamental basis for …
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Yesterday on Fast Money, I got into an argument with the other traders about the homebuilders and construction stocks. They were mostly bullish, and viewed the recent pullback as a buying opportunity because of the …
Continue readingHere’s a preview of what I’ll be discussing on Talking Numbers today between 3:20 and 3:30 pm EST on CNBC: XHB has doubled since its low on October 2011. That’s extraordinary performance for any asset, …
Continue readingKind of a slow day in the markets with light volume on the equity and options fronts. Maybe a hangover from last week’s wild moves. Here were a couple of names with activity we noticed: …
Continue readingA few large trades involved traders moving their October options out to November today. MRO – Largest print of the day as the stock made 6 month highs. Someone rolled their long Oct 29 puts …
Continue readingFor the first time in a couple weeks, news out of Europe drove the markets, and across most asset classes. Stocks rallied, European sovereign debt yields got smoked, and the Euro moved around a good bit with a healthy …
Continue readingIn the wake of the past weeks dismal housing starts, new and existing home sales data, LEN this morning managed to report better than expected earnings and slightly higher revenues. Upon further review the EPS …
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