Sector to Watch: Homebuilders
May 26, 2010 - 7:02 pm
Homebuilders’ Rally False Positive; According to Lennar CEO, 3Q Deterioration Due to Lack of Stabilization Signs and a Weak Stimulus Bill; Fannie and Freddie Rescue Helping Housing, Along with Dipping Mortgage Rates and the $700 Billion Bailout Plan
Duration : 0:2:5
2Q Home Prices Fall 16%, Yet S&P Homebuilding Index Rises 7%, with Homebuilders Outpacing Financials
Schlumberger Reports 13% Increase in 3Q Profit; UBS Upgrades Gilead Sciences, Wyeth, Merck, Bristol-Myers Squibb, and Schering-Plough to “Buy”; Kraft Upgraded from “Neutral” to “Buy” at Merrill Lynch; Zions Bancorp Downgraded at JPMorgan on Overpriced Sto