350zCommtech's Account Talk

[weatherweenie]

If they use the EFA, it's not enough for a -FV.

If they use the Dow or S&P, It'll be 16 -FV, plus today's 5 = -11 cents total.


My bet is on a -FV of 16 cents.

Must've used EFA, because the I fund was up a nickle today.

 

[350zCommTech]

Must've used EFA, because the I fund was up a nickle today.

Yes, they did. No cushion for I funders tomorrow.

I'm was a little surprised that the EFA didn't fall as much since the dollar was flat in the afternoon.

 

[350zCommTech]

Lowes warns:

AFTER HOURS
Lowe's falls after warning on sales and profit
Shares of rival Home Depot also drop

By Alistair Barr, MarketWatch
Last Update: 5:14 PM ET Sep 24, 2007

SAN FRANCISCO (MarketWatch) -- Lowe's Companies Inc. shares fell during Monday's evening trading session after the home improvement retailer warned on sales and profit. Rival Home Depot also declined.

Lowe's said sales are trending below previous expectations because of drought in the mid-Atlantic, southeastern and western regions of the U.S. The company added that it now expects fiscal full-year earnings at the low end of an earlier forecast of $1.97 to $2.01 a share.
Shares of the company fell 3.8% to $29.41 in late trading, while shares of rival Home Depot declined 2.4% to $33.05
http://www.marketwatch.com/news/sto...x?guid={0BC92D28-074F-4CAB-B5F1-3DFB07D2A8D9}

 

[350zCommTech]

Lennar reports tomorrow and KBhomes reports on thursday.

Investors look to housing data, builder results
More bad news expected in home sales and reports from KB Home, Lennar

By John Spence, MarketWatch
Last Update: 1:11 PM ET Sep 24, 2007

Monday's steep decline for home-building stocks may be a precursor to more losses this week.

"Following on the heels of a very weak August housing starts and permits report and a new record low in home-builder confidence, more bad news on home sales is expected this week," wrote Barrington Research analyst Alexander Paris in a report Monday.

Reports on sales of existing and new homes are on tap for Tuesday and Thursday, respectively. Economists are forecasting declines of more than 4% for both indicators.

Also in the housing spotlight this week are the July results for the S&P/Case-Shiller Home Price Index on Tuesday, and construction spending for August, which the Commerce Department is expected to report on Friday.

Finally, a pair of large home builders are scheduled to announce quarterly financial results on Tuesday and Thursday, respectively. Home builders have been taking impairment charges and writing down the value of unsold homes and land, which is pushing down book value.

Wall Street analysts see Lennar reporting a third-quarter loss of 55 cents a share, on average, according to a survey conducted by Thomson Financial.

"The risk is a higher-than-expected level of impairments, potentially coming from joint-venture investments," wrote Banc of America Securities analyst Daniel Oppenheim in a report to clients. "We expect sales to fall 22% [from a year earlier] with risk that sales declines may be more severe since Lennar pushed sales last year and does not have the benefit of easier comparisons."

Meanwhile, KB Home is expected to see a third-quarter loss of 67 cents a share, according to consensus estimates.
http://www.marketwatch.com/news/sto...507C-40E4-8A94-14C374F7066B}&dist=morenews_ts

 

[350zCommTech]

Foreshadowing of KBhome's report on Thursday?

Lennar's earnings sapped by charges
Builder sees quarterly loss as revenue slides 44% and more job cuts loom


By John Spence, MarketWatch
Last Update: 9:41 AM ET Sep 25, 2007

BOSTON (MarketWatch) -- Lennar Corp., one the nation's largest home builders, before Tuesday's opening bell said it posted a loss for its fiscal third quarter as falling prices and mortgage-market turmoil continued to weigh on the housing market.


"It is already well documented that the housing market has continued to deteriorate throughout our third quarter," said Chief Executive Stuart Miller in the earnings release.

"Heavy discounting by builders, and now the existing home market as well, has continued to drive pricing downward," he said. "Consumer confidence in housing has remained low, while the mortgage market has continued to redefine itself, creating higher cancellation rates."

For the quarter ended Aug. 31, Miami-based Lennar said it swung to a loss of $513.9 million, or $3.25 a share, from net earnings of $206.7 million, or $1.30 a share in the year-ago period. Total revenue fell 44% to $2.34 billion as the company delivered 41% fewer homes and the average selling price decreased 6% from the previous year, driven mainly by higher incentives to attract nervous buyers. Lennar said incentives averaged $46,000 per home in the latest quarter, up from $35,900 a year earlier.

New orders fell 48% to 5,804 homes.
http://www.marketwatch.com/news/sto...7B-91C8-4BD8-A5B3-7697FB3889CA}&dist=hplatest

 

[350zCommTech]

Existing home sales should help the F fund and cause the dollar to fall.

F fund currently up 2 cents. The dollar continues to fall.

Existing-home sales fall to 5-year low in August

By Rex Nutting
Last Update: 10:00 AM ET Sep 25, 2007

WASHINGTON (MarketWatch) - U.S. sales of existing homes fell 4.3% to a seasonally adjusted annual rate of 5.50 million in August, the lowest since August 2002, the National Association of Realtors reported Tuesday. Sales in August were down 12.8% compared with August 2006. Economists surveyed by MarketWatch were expecting sales in August to fall to a 5.49 million pace. Inventories of unsold homes on the market rose by 0.4% to 4.58 million, representing a 10-month supply at the August sales rate. For single-family homes alone, the inventory represents a 9.8-month supply, the most since May 1989. The median sales price was $224,500, up 0.2% since August 2006. Single-family median prices were unchanged year-over-year at $223,900.
http://www.marketwatch.com/news/sto...x?guid={DD3E8682-3A11-4FC8-8169-D77C6CB48599}

 

[350zCommTech]

I fund currently down 11 cents.


The dollar is once again cushioning the I fund. The falling will soon raise inflation fears again. Not good for bonds.

 

[350zCommTech]

Was the market pumped while the president was talking???

I didn't see any headlines to cause a surge in the Yen carry trade...

 

[350zCommTech]

At the moment:

I fund down 5 cents.

F fund up 1 cent.

 

[350zCommTech]

I fund down 8 cents.

F fund currently up 2 cents.

 

[12%ayear]

what was the final est on the I Fund? ty

 

[350zCommTech]

what was the final est on the I Fund? ty

It should be down 7 cents but I'm still waiting for the official MSCI data.

F fund is even today.

 

[350zCommTech]

MSCI EAFE = -.277% or down 7 cents.

 

[12%ayear]

It should be down 7 cents but I'm still waiting for the official MSCI data.

F fund is even today.

looks like you might get a penny from the F Fund

 

[350zCommTech]

looks like you might get a penny from the F Fund

I hope you're right...

 

[350zCommTech]

Here's some eye candy. Tell me which one has a better rear end...

 

[Wolverine]

Here's some eye candy. Tell me which one has a better rear end...

Is this a Pass/Fail question?

 

[350zCommTech]

Is this a Pass/Fail question?

There is no wrong answer...

 

[fedgolfer]

ha! we like the same things 350, the bears, the cubs, I assume the bulls, trading stocks, rear ends, and I drive a G35x too... although mine is the family kind w/ 4 doors. Mine didn't come with the senorita though... was that after-market?

 

[350zCommTech]

I drive a G35x too... although mine is the family kind w/ 4 doors.

I'm so disappointed in you...

My wife wanted me to get the G35coupe but I'm a true Z man.