This post was just published on ZYX Buy Change Alert. Consider reducing position in KBH by a 10% tranche. The trigger is that FOMC minutes show confusion at the Fed. This confusion is causing interest rates to rise and this position is interest rate sensitive.
This post was just published on ZYX Buy Change Alert. Interest rates are beginning to move up again this afternoon. To reduce risk in KBH position consider taking profits on the last 10% tranche on KBH right here around $16.86. Consider continuing to hold the rest of the position.
This post was just published on ZYX Buy Change Alert. KBH is a home builder. The stock is falling because interest rates are shooting up. However, Michigan Consumer Survey data that came out only a few minutes ago was below expectations; in other words consumers are not as confident as the
This post was just published on ZYX Buy Change Alert. KBH Reports Q3 (Aug) earnings of $0.28 per share, excluding a $0.7 mln non-recurring items, $0.07 better than the consensus estimate of $0.21; revenues rose 29.3% year/year to $549 mln vs the $570.37 mln consensus, with YoY rev growth in each
Going into Wednesday’s Federal Open Market Committee (FOMC) policy statement, there was almost universal opinion that the Fed would taper. However, generally speaking, markets almost always have diverging opinions. In my 30 years in the markets, I have never seen such uniformity of opinion with as few dissenters as there
This post was just published on ZYX Buy Change Alert. KBH is a home building. The trigger is this morning’s employment report which is driving down interest rates. This should reflect in mortgage rates shortly. What To Do Now? Those in this position may consider adding up to 20% in the
This post was just published on ZYX Buy Change Alert. FOMC minutes show that there are deep divisions within the Fed regarding taper. What To Do Now? Those in KBH may continue to hold. Risk reward is quite favorable. Those not in KBH may consider starting a small position right here.
This post was just published on ZYX Buy Change Alert. Yesterday we told you about negative comments from two other home builders, PHM and DHI. At this time, it is not clear if these two are company specific situations or this reflects a general industry trend. Another home builder, SPF, reported earnings today. We
This post was just published on ZYX Buy Change Alert. KBH is a home builder. At present 60% of the full core position size is being held. When KBH was initiated, it was initiated based on the individual merits of this company and also our macro analysis that interest rates would pull back. Over
This post was published on ZYX Buy Change Alert. Adding a 20% tranche to KBH right here around $18.90. The stock is moving fast. Consider not chasing it beyond $19.15.