Goldman Sachs Positive On Homebuilders Ahead of Earnings/Tax Credit Extension (XHB, DHI, MTH, TOL)
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Goldman Sachs is making positive comments on the Homebuilders (NYSE: XHB) today into earnings and an expected extension of the federal tax credit.
For earnings, the firm expects three key things will be visible in the data and commentary: 1: home prices remain stable in many markets; 2. builders are approaching profitability; 3. sales trends are improving.
The firm also said there is a "strong likelihood" that the federal tax credit on housing will be extend before the November 30 expiration.
The firm's favorites names into the earnings are DR Horton (NYSE: DHI) and Meritage (NYSE: MTH) which are both on the Conviction Buy List. The firm also said they would be buyers of Toll Brothers (NYSE: TOL).
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what are they building these houses out of?
rick on Oct 17, 2009 01:55 AMhttp://railfax.transmatch.com/ Scroll down to the 'Recession Watch' section.