InvestorsHub Logo
Followers 73
Posts 14450
Boards Moderated 2
Alias Born 02/01/2008

Re: None

Wednesday, 11/30/2011 10:21:05 AM

Wednesday, November 30, 2011 10:21:05 AM

Post# of 822
10:18 (Dow Jones) Shares of home builders jump, helped by Raymond James
upgrading DR Horton (DHI), Lennar (LEN) and Toll (TOL) to outperform from
market perform, as the firm bets on a "Hope Trade" ahead of the 2012 selling
season. "Even though December and January are among the seasonally slowest
months for new home sales--this window of time has proven to be a great time to
own homebuilding equities in recent years," the firm writes, adding that the
Hope Trade has worked seven years in a row. Shares of DHI and LEN up more than
5%, TOL adds 4.8%, amid a strong broader market rally.
(dawn.wotapka@dowjones.com)

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent BZH News