|Bid||36.17 x 1000|
|Ask||36.23 x 1400|
|Day's Range||35.87 - 36.35|
|52 Week Range||28.68 - 41.33|
|Beta (3Y Monthly)||0.60|
|PE Ratio (TTM)||7.29|
|Earnings Date||Aug 19, 2019 - Aug 23, 2019|
|Forward Dividend & Yield||0.44 (1.22%)|
|1y Target Est||38.85|
S&P Global CEO Doug Peterson and National Taxpayers Union Senior Fellow Mattie Duppler join Yahoo Finance's Adam Shapiro, Julie Hyman, and Rick Newman to discuss what's in store for tomorrow's legislative infrastructure meeting between Democrats and President Trump.
What's at the root of the dip in existing home sales? Yahoo Finance's Julie Hyman, Adam Shapiro, Rick Newman, Mattie Duppler, National Taxpayers Union Senior Fellow, and Mark Fleming, First American Chief Economist discuss.
Sales of newly-constructed homes fell but sales figures from earlier months were found to be much higher, painting a drastically different picture of the residential construction landscape than earlier narratives.
It was another choppy session as many traders may be better off focusing on a new hobby or playing some golf until we get some more encouraging follow-through. This Wednesday would have typically been an exception, given that there was an FOMC statement in the afternoon. Even that couldn't get the tape to move. Despite the overall choppiness in the market, there were plenty of individual movers though. Let's look at a few top stock trades to watch on Thursday. Top Stock Trades for Tomorrow 1: Target Click to EnlargeAs you'll see in a moment, Target (NYSE:TGT) was one of the few positive standouts when it comes to retail earnings. Shares jumped more than 9% on the day and held most of their post-earnings gains as investors have to be cheering the price action.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo what now? * 7 Stocks to Buy for Over 20% Upside Potential I need to see TGT stock stay above $76.31. If it breaks below, that means it will have lost both the 50-day and 200-day moving averages, as well as its 61.8% retracement for the one-year range. It will have also fallen back below prior downtrend resistance.If TGT can continue higher, look to see if it can fill the gap up to $81-ish. Shares are not yet overbought and the MACD has swung in bulls' favor. Top Stock Trades for Tomorrow 2: Urban Outfitters Click to EnlargeUrban Outfitter (NASDAQ:URBN) is in one nasty downtrend and Wednesday's 9% post-earnings fall isn't helping matters. In April it broke out over resistance, as well as the 10-week and 200-week moving averages. That was only temporary though, as shares are now cascading lower.This isn't one for me. There are other names in retail -- TGT and TJX Companies (NYSE:TJX) are two examples -- that are doing well. I'd rather bet with the wind than against it, and URBN sure has a lot of wind in its face.URBN is a no-touch for me on the long side until it can breakout of this channel and put in a bottom. Top Stock Trades for Tomorrow 3: Advance Auto Parts Click to EnlargeAdvance Auto Parts (NYSE:AAP) is rising on Wednesday after reporting earnings. Its reaction isn't unlike its peer AutoZone (NYSE:AZO), which we covered the other day.Shares did a great job breaking out of that steep downward channel, now up seven sessions in a row. On Wednesday though, resistance was just too much.$170 is a significant level, while the 38.2% retracement is at $169.06. AAP is even having trouble getting above its 50-day moving average. That's okay though, as shares are holding the 200-day moving average, at least for now.I would love to see a mover $170 now, which could ignite a move back up to the $180+ area on the chart. Below today's low and AAP could fill the gap back down to $162. Top Stock Trades for Tomorrow 4: Canopy Growth Click to EnlargeIs Canopy Growth (NYSE:CGC) set to break out? Maybe. CGC stock has been in a tight falling wedge pattern all month, but poked through resistance on Tuesday. On Wednesday, it jumped higher, clearing its 50-day moving average.In this choppy market, I wouldn't be surprised to see the stock pullback now, but if prior resistance acts as support -- say near $44 -- then this may be a buy for another push higher. (Time to load up?)Of course, over Wednesday's high gets us to $48, which was prior resistance earlier this year. Above that, and CGC can test this year's high over $52. A break back below resistance likely gets CGC down to the 200-day. Top Stock Trades for Tomorrow 5: Toll Brothers Click to EnlargeToll Brothers (NYSE:TOL) is down about 4% after the company reported earnings. This one could be in trouble if sellers start to take control.TOL has gone from one channel to the next, and while shares are currently in an uptrend, support is being tested. If it gives way -- as the 10-week moving average has now -- TOL could be heading lower. The first notable level below channel support is $35, which is the confluence of the 50-week and 200-week moving averages. It's where we'll also find the 200-day moving average. You may also notice that the MACD is starting to roll over (blue circle). * 7 Safe Stocks to Buy for Anxious Investors That said, all hope is not lost. For shares to maintain their upward trajectory, Toll Brothers need to see support hold. If it does, a retest of $40 resistance is on the table.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Kenwell held no positions in any aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Safe Stocks to Buy for Anxious Investors * 4 Tech Stocks Looking Vulnerable * Should You Buy, Sell, Or Hold These 7 Hot IPO Stocks? Compare Brokers The post 5 Top Stock Trades for Thursday: TGT, URBN, CGC appeared first on InvestorPlace.
The company’s home orders fell 9% year over year—and more than 40% in the important California market.
Toll Brothers Inc (NYSE: TOL ) reported second-quarter results that were ahead of expectations in almost every way — but its guidance disappointed on all metrics that matter, according to Wells Fargo. ...
were falling in premarket trading Wednesday after the luxury homebuilder beat earnings and revenue estimates but issued weak guidance. The stock was falling 4.72% to $36.54 a share in premarket trading. "We are encouraged by the improvement in demand as the quarter progressed," said Douglas Yearley, chairman and CEO.
Instead, corporate news takes over the front pages, with solid earnings from Target Corporation (NYSE: TGT) above the fold. Shares of the retailer jumped more than 8% in pre-market trading after TGT delivered a really clean quarter, surpassing the Street’s estimates on earnings per share and same-store sales growth. In fact, the fresh batch of earnings reports this week raises some concerns.
Toll Brothers (TOL) reports solid second-quarter fiscal 2019 results, given improved demand. Yet, the stock falls due to soft guidance for the fiscal third quarter.
Toll Brothers (NYSE:TOL) unveiled its quarterly earnings figures late today, bringing in a profit that was stronger than it was during the year-ago quarter, while home sales revenue surged 7%, yet TOL stock took a hit after hours Tuesday.The Horsham, Penn.-based home construction business posted net income of $129.3 million for its second quarter of its fiscal 2019, roughly 87 cents per per share diluted. This was a 15.65% gain over its year-ago net income of $111.8 million, or 72 cents per share diluted.InvestorPlace - Stock Market News, Stock Advice & Trading TipsToll Brothers added that its pre-tax income gained 15% year-over-year to $176.2 million, topping the $152.7 million from the year-ago quarter by 15.39%. Its home sales revenues were up 7% when compared to the year-ago quarter to $1.71 billion, while home building deliveries increased 1% year-over-year to 1,911.The company added that income from operations amounted to 9.4% of total revenues, while its net signed contract value was $2 billion, down 16% year-over-year. Toll Brothers' contract units were down 9% to 2,424, while backlog value at the end of the period was $5.66 billion, declining 11% year-over-year.Units in backlog came in at 6,467, falling 8%, while home sales gross margin came in at 19.7%. Its adjusted home sales gross margin, which excludes interest and inventory write-downs, tallied up to 23.5% for the three-month period.TOL stock is down about 3.5% after hours following the company's quarterly earnings results, which included mixed results including an earnings increase and a decrease in contract units. Shares had been gaining roughly 2.2% during regular trading hours. More From InvestorPlace * 7 Stocks to Buy that Lost 10% Last Week * 7 Stocks to Buy for Over 20% Upside Potential * 7 High-Yield REITs to Buy (Even When the Market Tanks) Compare Brokers The post Toll Brothers Earnings: TOL Stock Down Despite Q2 Income Growing 15% appeared first on InvestorPlace.
Toll Brothers (TOL) delivered earnings and revenue surprises of 12.99% and 11.35%, respectively, for the quarter ended April 2019. Do the numbers hold clues to what lies ahead for the stock?
U.S. luxury homebuilder Toll Brothers Inc forecast 2019 home sales below analysts' estimates and said it expected its margins to be squeezed by slowing demand and rising incentives. Full-year adjusted home sales gross margins are expected to slip to about 23% from 23.7% it reported in 2018. "Our guidance for adjusted home sales gross margin during the balance of the year reflects the slower demand and rising incentives associated with the challenging sales environment of the fall and winter as well as changes in mix," Chief Financial Officer Martin Connor said.
Toll Brothers reported unexpected fiscal Q2 earnings and home-building revenue gains, and management was upbeat on the spring selling season.
On a per-share basis, the Horsham, Pennsylvania-based company said it had profit of 87 cents. The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment ...
U.S. luxury homebuilder Toll Brothers Inc posted a 15.7% rise in quarterly profit on Tuesday, boosted by higher prices and strong demand. The company's net income rose to $129.3 million, or 87 cents per ...
HORSHAM, Pa., May 21, 2019 -- Toll Brothers, Inc. (NYSE:TOL) (www.tollbrothers.com), the nation’s leading builder of luxury homes, today announced results for its second.
My call is to buy the stock on weakness to its semiannual value level at $36.79. Let's check the pulse of the housing market. On May 15, the National Association of Home Builders announced that their Housing Market Index rose three points to 66 in May. This reading has been above 60 for the past four months.
There are plenty of new quarterly earnings results from a number of retailers this morning, including Home Deport, Kohl's, J.C. Penney and others.
Toll Brothers (TOL) boosts backlog, community count and its presence in the Atlanta market with the acquisition of Sharp Residential.
The Nasdaq Composite gave up nearly 1.5% on Monday, as that index and the S&P 500 (easily the two broadest, and thus most important, measures of large-cap health) fell significantly further away from their respective 50-day simple moving averages. Trading volume was significantly lower at the Nasdaq than it was at the New York Stock Exchange -- and for shares listed at either exchange, volume fell sharply from where it has landed on other recent down days for the indices. The Philadelphia Semiconductor Index (SOX) was routed for the day to the tune of more than 4%.