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$KBH, which competes with $DHI, $LEN and $PHM, said its 1Q16 ending backlog value grew 29% to $1.43Bil. Homes in backlog grew 22% to 4,285 and net order value increased 9% to $824.7MM. Net orders grew 4% to 2,272 in the quarter and the cancellation rate as a percentage of beginning backlog improved to 21% from 25%.
$BA won a $22 billion deal from SpiceJet, their largest order from an Indian airline.
$FB stock remained in the green territory after Raymond James upgraded shares to strong buy from outperform, on expectations that overall 4Q16 ad spending was strong.
$ARRY Good day for the stock, jumped 7%. Great gains !
2017 was supposed to be another record year for automotive industry. Still, $F Ford thinks its profit will dip in 2017..!!
$KKR to buy Hitachi’s power tool unit Hitachi Koki for $1.3 billion. Looks like KKR & Co is going strong in Japan! Remember when it bought Calsonic Kansei a while back?