Wall Street Addict

Shares of homebuilders mostly fell in Wednesday morning trading after a report released by Standard & Poor's indicated October home prices fell by a record 6.7 percent from the same month a year ago.
Earlier in the day, S&P released its monthly Standard & Poor's/Case-Shiller home price index. It was the 10th consecutive month the index has declined, indicating the housing market is not showing any signs of breaking out of its current malaise.
"No matter how you look at these data, it is obvious that the current state of the single-family housing market remains grim," said Robert Shiller, who helped create the index, in a statement Wednesday.

Labels: DHI, GS, HOV, KBH, LEN, PHM, TOL

Upgrades
Company Name
Symbol
Analyst
From
To

Alvarion
ALVR
Susquehanna Financial
Neutral
Positive

Centex
CTX
Citigroup
Hold
Buy

Chemtura
CEM
KeyBanc Capital Mkts
Hold
Buy

CME Group
CME
Wachovia
Mkt Perform
Outperform

DR Horton
DHI
Citigroup
Hold
Buy

First Mariner Banc
FMAR
Ferris Baker Watts
Neutral
Buy

Force Protection
FRPT
Friedman Billings
Mkt Perform
Outperform

Intersil
ISIL
Lehman Brothers
Underweight
Equal-weight

Kellwood
KWD
Lazard Capital
Hold
Buy

Kilroy Realty
KRC
Citigroup
Hold
Buy

Lennar
LEN
Citigroup
Hold
Buy

Nutrisystem
NTRI
Broadpoint Capital
Buy
Strong Buy

Polycom
PLCM
Wedbush Morgan
Hold
Buy

Pulte Homes
PHM
Citigroup
Hold
Buy

Ryland Group
RYL
Citigroup
Hold
Buy

SEI Investments
SEIC
Keefe Bruyette
Mkt Perform
Outperform

Switch & Data
SDXC
CIBC Wrld Mkts
Sector Perform
Sector Outperform

Systems Xcellence
SXCI
UBS
Neutral
Buy

Texas Industries
TXI
Davenport
Neutral
Buy

Published by Briefing.com

Labels: ALVR, CEM, CME, CTX, DHI, FMAR, FRPT, Hot Stocks, ISIL, KRC, KWD, LEN, NTRI, PHM, PLCM, RYL, SDXC, SEIC, SXCI, TXI

Housing stocks rose along with the broader market Tuesday after the U.S. central bank sharply cut its target interest rate for the first time in four years.
The Federal Reserve cut the federal funds rate by half a percentage point to 4.75 percent, exceeding expectations on Wall Street for a quarter-point cut. The bank said it made the move to prevent the housing market turmoil from causing more widespread economic problems.
The housing sector is in the third year of its worst contraction in 16 years. Earlier Tuesday, a reading of business sentiment among homebuilders matched its lowest level ever in September, primarily because builders are seeing record-low numbers of potential buyers.
The Fed's move makes it less expensive for mortgage lenders to borrow money to finance loans to home buyers, which should lower consumer borrowing rates. Investors expect that to boost demand among potential home buyers who had become priced out of the market for a home loan.
Here's a look at how shares of some major homebuilders fared in afternoon trading Tuesday .
D.R. Horton Inc. rose 63 cents, or 4.3 percent, to $15.15.
Pulte Homes Inc. rose 60 cent, or 3.7 percent, to $16.69
Hovnanian Enterprises Inc. jumped $1.68, or 14.9 percent, to $13.02
Lennar Corp. rose 29 cents to $26
Centex Corp. rose 59 cents, or 2 percent, to $28.43
Toll Brothers Inc. rose 62 cents, or 2.2 percent, to $28.46
Published by AP

Labels: CTX, DHI, Federal Reserve, Hot Stocks, Housing Stocks, HOV, LEN, PHM, TOL

Here are 7 options to watch for today. This list comes directly from the TradingMarkets Options Indicators page. The list is created using OptionVue options analysis software.
Most Underpriced Calls: These are the most under priced calls of all stocks in our database. While the Equities Explosion List finds groups of calls for individual equities that are under priced, this list finds the most under priced individual calls. Thus, the options listed here will tend to be more severely under priced.
Pozen Inc. Sep 22.5 Calls (NasdaqGM:POZN - News). POZN's PowerRating is 7.
Most Underpriced Puts: These are the most under priced puts of all stocks in our database. While the Equities Explosion List finds groups of puts for individual equities that are under priced, this list finds the most under priced individual puts. Thus, the options listed here will tend to be more severely under priced.
Frontline Ltd. Aug 50 Puts (NYSE:FRO - News). FRO's PowerRating is 7.
Most Overpriced Calls: These are the most overpriced calls of all stocks in our database. While the Equities Implosion List finds groups of calls for individual equities that are overpriced, this list finds the most overpriced individual calls. Thus, the options listed here will tend to be more severely overpriced.
Perini Corp. Aug 60 Calls (NYSE:PCR - News). PCR's PowerRating is 9.
Most Overpriced Puts: These are the most overpriced puts of all stocks in our database. While the Equities Implosion List finds groups of puts for individual equities that are overpriced, this list finds the most overpriced individual puts. Thus, the options listed here will tend to be more severely overpriced.
Mastercard Inc. Aug 135 Puts (NYSE:MA - News). MA's PowerRating is 7.
Stocks with Abnormal Call Volume: These are stocks which showed unusual call option volume not easily explained by arbitrage operations. The appearance of a stock on the Call Volume Alerts list suggests a possible takeover, extraordinarily good earnings report, or other news which may favorably affect the stock.
Union Pacific Corp. (NYSE:UNP - News). UNP's PowerRating is 7.
Stocks with Abnormal Put Volume: These are stocks which showed unusual put option volume not easily explained by arbitrage operations. The appearance of a stock on the Put Volume Alerts list suggests an extraordinarily negative earnings report, or other news which may negatively affect the stock.
Netgear Inc. (NasdaqGS:NTGR - News). NTGR's PowerRating is 7.
Abnormal Put/Call $ Volume: These stocks have the highest dollar put volume in relation to their call volume. These high ratios are indicative of extreme bearish sentiment in the underlying stock.
DR Horton Inc. (NYSE:DHI - News). DHI's PowerRating is 6.
PowerRatings are courtesy of TradingMarkets.com

Labels: DHI, FRO, Hot Stock Options, MA, NTGR, PCR, POZN, UNP