Wall Street Fundamentals Releases New In-Depth Stock Reports on DHI, HOV, KBH and MDC


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Companies Mentioned

NYSE:DHI / NYSE:HOV / NYSE:KBH / NYSE:MDC
01/29/2014 [ACCESSWIRE]

U.S. homebuilders stumbled earlier this week after numbers showed sales of new homes declined for the second consecutive month. On Monday, the Commerce Department reported sales of new homes declined 7.0 percent in December, following a 3.9 percent declined in November. For the full year, new home sales totaled 428,000 in 2013, an increase of 16.4 percent and the highest since 2008. Here is how some homebuilders reacted Tuesday:

D.R. Horton, Inc. (NYSE: DHI) shares traded in the range of $21.95 to $23.20 Tuesday before settling to close at $23.00, an increase of 9.84 percent. The stock appears to have some support at the $22.58, $22.32 and $22.15 levels. The company reported net income for the first quarter of fiscal 2014 increased 86.0 percent year-over-year to $123.2 million. Shares of D.R. Horton have gained approximately 3.0 percent year-to-date.

More information on D.R. Horton and access to the free equity report can be found at: 
www.WallStreetFundamentals.com/DHI

Hovnanian Enterprises, Inc. (NYSE: HOV) shares traded in the range of $5.76 to $5.99 Tuesday before settling to close at $5.93, an increase of 3.49 percent. The stock appears to be facing some resistance at the $5.93 and $6.03 levels with some support at $5.72. The company reported revenues for the full year of fiscal 2013 increased 24.2 percent year-over-year to $1.85 billion. Shares of Hovnanian Enterprises have fallen approximately 10.0 percent year-to-date.

More information on Hovnanian Enterprises and access to the free equity report can be found at: 
www.WallStreetFundamentals.com/HOV

KB Home (NYSE: KBH) shares traded in the range of $17.75 to $18.50 Tuesday before settling to close at $18.37, an increase of 4.67 percent. The stock appears to be facing some resistance at the $18.41 and $18.73 levels with some support at $18.17. The company recently declared a quarterly cash dividend of $0.025 per share. Shares of KB Home have gained approximately 1.0 percent year-to-date.

More information on KB Home and access to the free equity report can be found at:
www.WallStreetFundamentals.com/KBH

M.D.C. Holdings, Inc. (NYSE: MDC) shares traded in the range of $29.57 to $30.75 Tuesday before settling to close at $30.53, an increase of 4.34 percent. The stock appears to be facing some resistance at the $30.95 and $31.17 levels with some support at $30.47. The company is scheduled to release its 2013 fourth quarter earnings before market open on Wednesday, February 5th. Shares of M.D.C. Holdings have fallen approximately 5.0 percent year-to-date.

More information on M.D.C. Holdings and access to the free equity report can be found at:      
www.WallStreetFundamentals.com/MDC

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Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.

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Wall Street Fundamentals
Website: www.WallStreetFundamentals.com
Email: editor@wallstreetfundamentals.com

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