Wall Street Fundamentals Releases New In-Depth Stock Reports on LEN, PHM, RYL and SPF


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NYSE:LEN / NYSE:PHM / NYSE:RYL / NYSE:SPF
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:

Lennar Corporation (NYSE: LEN) shares traded in the range of $37.24 to $39.16 Tuesday before settling to close at $38.52, an increase of 4.48 percent. The stock appears to be facing some resistance at the $38.97 and $39.75 levels with some support at $37.73. The company reported new orders of 4,498 homes in the fourth quarter of 2013, an increase of 13.0 percent year-over-year. Shares of Lennar have fallen approximately 2.5 percent year-to-date.

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

PulteGroup, Inc. (NYSE: PHM) shares traded in the range of $18.90 to $19.55 Tuesday before settling to close at $19.45, an increase of 3.96 percent. The stock appears to be facing some resistance at the $20.11 and $20.84 levels with some support at $19.33. The company is scheduled to release its fourth quarter and full year 2013 results before market open on Thursday, January 30th. Shares of PulteGroup have fallen approximately 4.0 percent year-to-date.

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

The Ryland Group, Inc. (NYSE: RYL) shares traded in the range of $42.16 to $43.55 Tuesday before settling to close at $43.28, an increase of 4.14 percent. The stock appears to be facing some resistance at $44.56 with some support at the $43.28 and $42.85 levels. The company is scheduled to release its fourth quarter and full year 2013 results before market open on Thursday, January 30th. Shares of The Ryland Group have gained approximately 5.0 percent in the past year.

More information on The Ryland Group and access to the free equity report can be found at:      
www.WallStreetFundamentals.com/RYL

Standard Pacific Corp. (NYSE: SPF) shares traded in the range of $8.46 to $8.79 Tuesday before settling to close at $8.78, an increase of 5.02 percent. The stock appears to be facing some resistance at the $8.82 and $9.05 levels with some support at $8.63. The company is scheduled to release its fourth quarter and full year 2013 results before market open on Thursday, January 30th. Shares of Standard Pacific have fallen approximately 3.0 percent year-to-date.

More information on Standard Pacific and access to the free equity report can be found at:
www.WallStreetFundamentals.com/SPF

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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: http://www.wallstreetfundamentals.com/
Email: editor@wallstreetfundamentals.com

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