Month: February 2013

New Home Sales Highest in 5 Years..But

Last week, The National Association of Realtors said existing home sales were up just 0.4% with inventories being reported as the reason for a lower than expected reading.  In fact, inventories across the U.S. fell 4.9%, or 25% year-on-year, to 1.74 million, which was the lowest since Dec. 1999. It…
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Zacks Bear of the Day: Aeropostale (ARO)

Even though Aeropostale (ARO) shares are down over 50% from where they were just 10 months ago, they still may be too expensive, especially trading at 17 times forward earnings with just a 1.60% increase in quarterly revenue compared to the same quarter a year ago (the industry average p/e…
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Existing Home sales Up On Shrinking Inventory

TOL | Z | RYL Existing home sales were up just 0.4% with inventories being reported as the blame. The National Association of Realtors said sales increased to a seasonally adjusted annual rate of 4.92 million (4.9 million was consensus estimate) in January from 4.9 million revised in December (December existing home sales were…
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Zacks Bull of the Day: Prestige Brands: (PBH)

Consumer staple stocks don’t have to fall in the “defensive only” category, nor do they have to offer sub-par performance in a booming stock market. This is especially true if they are strong, growing brands under good management. One company that fits this description and stands out among their peers…
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