D R Horton Makes Money (DHI)
D R Horton (NYSE: DHI) is trading higher on signs business may be turning around for the homebuilder which caters to first-time buyers. The homebuilder reported a pre-tax income of $42.8 million or $0.56 EPS as revenue rose 23% percent to $1.1 billion. Thomson Reuters had estimates of -$0.13 EPS and about $960 million in [...]
Stock indices spike: Homebuilders are on the watch list (CTX, TOL, LEN, DHI, PHM)
The Dow Jones Industrials (DJIA) spiked on volume at 8:30 a.m. Eastern, after the release of stronger-than-expected May durable goods orders. Orders rose 1.8%, vs. consensus expectation of a 0.9% decline. The prior month’s results were revised slightly lower, up 1.8% vs. the previously reported 1.9%. Stocks to watch later this morning may include Centex [...]
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