Recent Articles
2010 IPO – Hudson Pacific Properties (HPP) Stock Offering Disappoints
New REIT Hudson Pacific Properties (HPP) came in at the bottom of its expected IPO price as it debuted Thursday on the NYSE at $17 in a 12.8 million-share offering. This 2010 IPO of Hudson Pacific comes after news that a Toys R Us IPO is likely, and the Agricultural Bank of China is planning a massive IPO for mid-July.
Lennar Earnings Show Housing Market Woes (LEN, XHB, ITB, PKB)
Lennar Corp. (LEN) posted earnings Thursday, saying that it returned to profitability in its fiscal second quarter. Any profit at all is better for the homebuilder than the housing market last year, but investors didn't seem too impressed by the Lennar earnings turnaround as shares LEN stock were off slightly in midday trading.
Housing Stocks – New Home Sales Plunge, is Bottom in Sight? (XHB, ITB, TOL, PHM)
The bad housing news got worse this week. New home sales plunged 32.7% in May to their lowest level on record - and April's figures were revised down significantly, to 446,000. The expiration of the home buyers' tax credit is a likely culprit. That does not bode well for homebuilders, housing stocks or ETF funds in the sector.
Apple iPad Sales Projection: 13 Million by 2012 (AAPL, AMZN, BKS, SNE, HPQ, SMSN)
Last week, Apple Inc. (AAPL) reported that their iPad tablet computer has already passed 2 million in sales not even two full months after its April release. While the tablet's success is sure to please the technology giant's fervent fan base, the best news is for Apple stock shareholders. As of this morning's opening bell, AAPL stock was up over 20% year-to-date.
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