Published March 25, 2014
Homebuilders in Focus and Other #Stocks2Watch
#Stocks2Watch: Homebuilders in Focus
Homebuilders will be in focus on Tuesday in the face of several key housing reports.
Homebuilders (NYSE:DHI) (NYSE:LEN) (NYSE:TOL)
FOX Business News Editor / Reporter Victoria Craig says she's watching shares of homebuilders with two key housing reports due out Tuesday morning. Among the names that are worth paying close attention to are: D.R. Horton (NYSE:DHI), Lennar (NYSE:LEN) and Toll Brothers (NYSE:TOL). You could also play the sector through an ETF like the SPDR S&P Homebuilder ETF (NYSE:XHB).
King Digital Entertainment
King Digital Entertainment is expected to price on Tuesday evening in an offering that will value the maker of "Candy Crush" at around $7.6 billion. The company will start trading Wednesday on the New York Stock Exchange under the symbol "KING."
Walgreen (NYSE:WAG) revealed quarterly profits that narrowly missed views, along with plans to shutter 76 stores. The shares are up 0.3% in somewhat choppy trading.
Himax Technologies (NASDAQ:HIMX)
Himax Technologies (NASDAQ:HIMX), which is a company that designs and makes parts for LCD screens, was cut from "buy" to "underperform" by analysts at Bank of America Merrill Lynch, according to a report by Reuters. The shares are down 7%.
Halozyme Therapeutics Inc (NASDAQ:HALO)
Halozyme Therapeutics (NASDAQ:HALO) shares are rallying after the company said its experimental cellulite drug met a primary endpoint in a clinical trial.