Wednesday | Forbes.com
XHB, RYL, BBBY, TOL: Large Inflows Detected at ETF
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the SPDR S&P Homebuilders ETF where we have detected an approximate $120.4 million dollar inflow - that's a 8.5% increase week over week in outstanding units .
Home buyers beware: Land owners didn't need to disclose bomb range
In the case of an Orlando, Fla., subdivision built next to an abandoned military bombing range, the U.S. Court of Appeals for the Eleventh Circuit concluded a district judge got it right when he dismissed allegations against the former owners of the subdivision land.
Turning today to week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, the largest outflow was seen in the SPDR S&P Homebuilders ETF , which shed 6,950,000 shares, or a 9.7% decrease week over week.
Ryland Group Beats Up on Analysts Yet Again
The 10-second takeaway For the quarter ended March 31 , Ryland Group missed estimates on revenues and exceeded expectations on earnings per share.
Not yet time for homebuilder stocks
This week we finally received a little good news for the housing industry. New home starts exceeded analysts' estimates, rising 2.6% and reaching an annualized 717,000 units.
The Ryland Group Price Target Increased to $27.00 by Analysts at Williams Financial Group
The analysts wrote, "RYL recently noted 37% growth in April. Consistent with our conversations around the country, we believe the demand trend has continued through the Spring selling season and into May, confirmed by the recent builder sentiment data pointing to May traffic accelerating and increasing in quality." RYL has been the subject of a ... (more)
Ryland notes sale underwriters take full advantage of option to upsize deal
Citigroup Global Markets Inc and JP Morgan Securities LLC book-ran the placement, assisted by UBS Securities LLC as co-manager. The underwriters purchased USD25m of notes pursuant to the option, raising the size of the offer to USD225m.
Wednesday Sector Leaders: Precious Metals, General Contractors & Builders
In trading on Wednesday, precious metals shares were relative leaders, up on the day by about 2.2%. Leading the group were shares of Seabridge Gold , up about 6.3% and shares of Silvercorp Metals up about 6.2% on the day.
Sell Homebuilders After Foolish Rise On The HMI
Homebuilders were on the move higher Tuesday, with the SPDR S&P Homebuilders gaining 0.6%. The misplaced catalyst for the group arrived from the National Association of Homebuilders , which published its Housing Market Index .
I Am Positive On Housing, But ...
Here's a dilemma. In trying to find investable situations, one should look for fundamental trends that will largely determine your investment target's financials in the future.
Citi Global Markets, JP Morgan Securities to book-run Ryland's note offer
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TEXT-S&P rates Ryland proposed notes
May 10 - Standard & Poor's Ratings Services today assigned its 'BB-' rating and '4' recovery rating to The Ryland Group Inc.'s proposed $150 million convertible senior notes due 2018.