KB Home maintaining production in new home market, analyst explains

📆 21/09/2023 20:50:00
📰 YahooFinanceCA

⏱ Reading Time:
23 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 63%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Despite topping its third-quarter earnings estimates, KB Home (KBH) reported a drop in homes delivered. The homebuilder is raising its full-year outlook in an attempt to push through new home market headwinds. Raymond James Analyst Buck Horne shares why he still has an 'Outperform' rating on KB Home amid elevated mortgage rates and affordability concerns affecting U.S. housing starts. 'We find KB Home now trading through its tangible book value despite consistent profitability, a fantastic balance sheet, and looks like, you know, consistent growth and stable margins going into 2024,' Horne says. 'So, it's already through its historical cyclical lows at these valuation levels.' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Tina Turner was a singer, songwriter and actress. Known as the "Queen of Rock 'n' Roll".Looking for a selection of great stocks you can confidently add to your portfolio? Here's a trio of stocks that can provide massive growth. The post Got $1,500? You Can Confidently Add These 3 Stocks to Your Portfolio appeared first on The Motley Fool Canada.The latest leg lower in U.S.

stock prices has put them in a danger zone that could trigger so-called "mechanical selling" pressure and accelerate a downside move, according to Nomura strategist Charlie McElligott. U.S. equities tumbled on Thursday, as surging Treasury yields pressured growth stocks a day after the Federal Reserve signaled another rate hike coming this year and stiffened its hawkish stance. On Wednesday, the S&P 500 dropped to 4,401.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Energy stocks are failing to lure retail investors despite skyrocketing oilEnergy stocks have failed to draw retail investors as they sit out the rally despite exhortations by top strategists to jump in. Read on.
Source: financialpost - 🏆 7. / 85 Read more »