Want to join the conversation?
$PHM's 2Q16 GM of 21.5%, which includes approx. 70 BP of drag related to acquisition of Wieland assets, was in line with previous guidance. Adjusting for the impact of the Wieland closings, GM was down approx. 110 BP from 2Q15, mainly due to mix, higher land and labor costs. For 2H16, the company expects GM to be in the range of 21.2-21.7%.
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.
$CSCO shift from hardware to becoming a software behemoth seems to be working for the company so far. Stock has seen a steady rise since the change. But is it sustainable?
Heard about the next generation iPhone. Going by the reports, it is believed that $AAPL will release three iphones this year.
Samsung chief Jay Y. Lee arrested under $36 million bribery charges. Stocks are also down. This is going to impact the sale of its Galaxy 8, set for April release. Here’s an opportunity for $AAPL to capitalize on a rival’s fall.