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


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Companies Mentioned

NYSE:LEN / NYSE:PHM / NYSE:SPF / NYSE:TOL
03/20/2014 [ACCESSWIRE]

Markets experienced a pullback Wednesday after the Federal Reserve announced it would cut back further on stimulus measures. The Dow Jones declined 0.70 percent, while the S&P 500 and Nasdaq dropped 0.61 percent and 0.59 percent, respectively. Beginning in April, the Fed will cut back bond purchases to $55 billion a month from $65.0 billion. Homebuilders continued to rally after the Commerce Department reported housing starts declined for the third consecutive month in February, but a spike in building permits shed some positive light on the U.S. housing market. The number of building permits issued jumped 7.7 percent to a seasonally adjusted 1.018 million units in February, which was significantly higher than the 1.6 percent analysts had expected.

Lennar Corporation (NYSE: LEN) shares traded in the range of $41.15 to $42.72 Wednesday before settling to close at $41.34, an increase of 1.82 percent. The stock appears to be facing some resistance at $44.37 with some support at the $40.77 and $37.38 levels. Shares of Lennar have gained approximately 5.0 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 $19.41 to $20.32 Wednesday before settling to close at $19.61, an increase of 0.67 percent. The stock appears to be facing some resistance at the $20.14 and $21.32 levels with some support at $19.14 and $18.71. 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

Standard Pacific Corp. (NYSE: SPF) shares traded in the range of $8.77 to $9.19 Wednesday before settling to close at $8.84, an increase of 0.57 percent. The stock appears to be facing some resistance at the $8.85 and $9.05 levels with some support at $8.76 and $8.67. Shares of Standard Pacific have fallen approximately 2.0 percent year-to-date.

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

Toll Brothers Inc. (NYSE: TOL) shares traded in the range of $36.25 to $38.26 Wednesday before settling to close at $36.49, a decrease of 0.11 percent. The stock appears to be facing some resistance at the $36.85 and $37.43 levels with some support at $35.65 and $34.99. Shares of Toll Brothers have fallen approximately 1.5 percent year-to-date.

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

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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
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www.WallStreetFundamentals.com
Email: editor@wallstreetfundamentals.com

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