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Raymond James analysts Buck Horne and Tousley Hyde on Friday downgraded shares of KB Home KBH, -1.70%, Lennar Corp. LEN, -1.30%, M.D.C. Holdings Inc. MDC, -1.60%, PulteGroup Inc. PHM, -1.04% and Toll Brothers Inc. TOL, -0.79% to market perform and cut their rating on D.R. Horton Inc. DHI, -0.55% to outperform from strong buy. Pulte […]
U.K. defense secretary Ben Wallace says he is leaning toward supporting Boris Johnson as he ruled out a run himself to lead the Conservative Party. Wallace said he wants to remain as defense secretary. He cited Johnson’s willingness to spend on defense, as well as his victory in a general election.
Shares of Veris Residential Inc. VRE, +17.07% soared 19.6% toward a two-month high in premarket trading Friday, after the real estate investment trust focused on multifamily properties confirmed that it received an unsolicited buyout bid from Kushner Companies. Veris said the bid was for $16 a share, which is 28.8% above Thursday’s closing price of […]
Shares of Schlumberger Ltd. SLB, +3.95% rallied 0.9% in premarket trading Friday, after the oil services company reported third-quarter profit and revenue that beat expectations, with growth led by its well construction and production systems businesses as global activity strengthened. “The quarter was also supported by continued backlog conversion, strong technology adoption, and the growing […]
Snap Inc. stock’s SNAP, -30.12% 26.6% premarket decline on Friday dragged down other big tech names that rely on online advertising. Twitter Inc. TWTR, -4.64% was down 8% with a report that Biden administration officials are considering subjecting some of Elon Musk’s ventures to national-security reviews adding to the downdraft. Facebook parent Meta Platforms Inc. […]
• Natural gas falling inside impulse wave (c) • Likely to fall to support level 5.365 Natural gas continues to fall inside the short-term impulse wave (c) which previously broke the support level 6.500 (which stopped wave (i) in September) and the 61.8% Fibonacci correction of the upward price move from January. The active impulse […]