Volume Spike Investor

Who said home builders won’t do well as an investment?  Toll Brothers Inc. (NYSE: TOL) is soaring on exponential trading volume today.  We have seen almost 5X volume in the stock as at 2:10 PM EST there have been 17.2 million shares versus less than 4 million on average.  The gain is to $21.10 and [...]

Toll Brothers Inc. (NYSE: TOL) reported that its third-quarter home building revenues fell by over 40% from a year ago as the housing market continued to sag. But the builder also reported $461 million in revenues versus less than $400 million expected. More importantly, the builder said it also had a 3% gain in new [...]

Housing stocks may be active afer KB Home (NYSE: KBH) posted a smaller-than-expected loss, and the company said that it’s starting to signs that negative housing market trends may be moderating. The company said increasing consumer confidence is among the factors that says the market may be approaching stability. KB Home (NYSE: KBH) shares are [...]

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 [...]

Gafisa S.A. (NYSE: GFA), the Brazilian homebuilder was delayed on opening this morning.  There was increased selling in Brazil today, and it probably didn’t help that Toll Brothers (NYSE: TOL) in the U.S. said that the company cannot predict a profit in fiscal 2009. This expected home weakness is sort of mind boggling that anyone [...]

It’s been a while since we have seen the US homebuilder sector have stock options among the most active contracts at the CBOE.  It’s usually financial stocks that traders have been using.  Looking at Toll Brothers (NYSE: TOL) and Lennar (NYSE: LEN) says it all.  But today we are seeing the following trades out there [...]