Homebuilders Very Strong as Toll's Better-Than-Expected Results Bode Well for the Group (TOL, XHB, DHI, LEN, more)
More News related to DHI
- Could Interest in Homebuilding Stocks Be Returning? Bulls Making the Case Today...
- Keefe, Bruyette & Woods Maintains a 'Market Perform' on DR Horton (DHI); Raises PT Following Q1 Results
- Highlights From DHI's Q1 Conference Call: Strong First Qtr, But Profitability in Q2 Will Be Challenging
- Notable ETF Movers of the Day 2/2: USO, XHB, ITB Up; EWT, KOL Down
- D.R. Horton (DHI) Surprises Investors with a Q1 Profit; Stock Up Almost 11%
More News related to KBH
- Could Interest in Homebuilding Stocks Be Returning? Bulls Making the Case Today...
- Whirlpool Corporation Sales Manager Honored by KB Home for Building and Appliance Leadership
- KB Home (KBH) Shares Rising Amid Raymond James Upgrade
- KB Home Declares First Quarter 2010 Dividend
- KB Home (KBH) Post Hefty Q4 Profit On Tax Benefit
More News related to LEN
- Could Interest in Homebuilding Stocks Be Returning? Bulls Making the Case Today...
- Barclays on Homebuilders: Upgrades Lennar, Downgrades Toll (LEN, TOL, XHB)
- Notable Analyst Rating Changes 1/14: SEH, CMG, PPG, LEN, CSUN Upgraded; PNSN, CREE, PCS, TOL Downgraded
- Barclays Upgrades Lennar (LEN) to Overweight, Downgrades Toll (TOL) to Equalweight
- Lennar (LEN) Declares $0.04 Quarterly Dividend; 1% Yield
More News related to Insiders' Blog
- Sprint (S): Q4 Earnings Preview
- NYSE Euronext (NYX) Beats the Street's Q4 Views on Both the Top and Bottom Lines
- Q1 Earnings Preview: Walt Disney (DIS)
- S&P Revises Credit Outlooks On BofA (BAC) and Citi (C) to Negative, Saying No More Free Govenment Handouts
- Airline Stocks Taking-Off as UAL Reports Strong Monthly Traffic Results; Investors Shrug at Flight Delays (UAUA, DAL, LUV, AMR, more)
The majority of the homebuilding group is moving sharply higher today following Toll Brothers (NYSE: TOL) strong preliminary Q4 results, reported in a Form 8-K which was filed last night after the market closed. The SPDR S&P Homebuilders ETF (NYSE: XHB), commonly referred to as just "the XHB", is up more than 3% today, while, just an hour before the closing bell, shares of Toll are up more than 17%.
Notably, Toll Brothers' management started a conference call at 2pm ET. Stay tuned for updates from the call.
Elsewhere in the sector:
- DR Horton (NYSE: DHI) up 6.4% to $12.44
- Lennar (NYSE: LEN) up 6.6% to $15.24
- Pulte Homes (NYSE: PHM) up 7.9% to $10.21
- KB Home (NYSE: KBH) up 6.4% to $15.62
- Ryland (NYSE: RYL) up 5.9% to $20.19
Related Categories
Insiders' BlogMomentum Movers
Trader Talk
Stocks Mentioned
+0.00Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
