Better than expected news on the economic front, including a sign of hope in the housing market, sent stocks higher earlier this morning, but the markets struggled to hold into their gains later in the day. Also weighing on the minds of investors was a failure by Greek politicians to form a coalition government.
The National Association of Home Builders/Wells Fargo home builder sentiment index rose to its highest level in 5 years, surging 5 points to 29 in May.
KBHome (NYSE:KBH) and Lennar (NYSE:LEN) are among the homebuilders trading higher on the news.
On the earnings front, Groupon (NASDAQ:GRPN) reported earnings which beat Wall Street's expectations, sending shares higher today.
It was a similar story for TJX (NYSE:TJX) which also posted an earnings beat while the company boosted its full-year guidance as well.
In M&A news, Coty has withdrawn its bid to acquire Avon (NYSE:AVP), after the cosmetics company reportedly missed the Monday deadline to start negotiations.
Tomorrow, we'll take a look at the numbers for weekly mortgage applications as well as earnings results from Target (NYSE:TGT) and Limited Brands (NYSE:LTD).
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
At VF I have met some of the greatest givers from all walks
Launch related slideshow:
Tuesday 5/21 Insider Buying Report: APA, AIG
Monday 5/20 Insider Buying Report: LPSN, FTEK
Monday 5/20 Insider Buying Report: LMNX, GFF
Daily Wrap: May 21, 2013
Weaker Sales Send BBY Lower
HD Raises Guidance After Strong Q1
Analyst Moves: YHOO, CPB, EV
Analyst Moves: PCLN, MSFT, LMCA
Analyst Moves: CCL, OIS
Tuesday Sector Leaders: Shipping, Education & Training Services
Tuesday Sector Laggards: Music & Electronics Stores, Precious Metals
Monday Sector Leaders: Metals & Mining, Precious Metals
Tuesday's ETF with Unusual Volume: IXN
Tuesday's ETF Movers: KWT, GDXJ
URA, GLDX: Big ETF Outflows
Daily Dividend Report: XRX, DGX, DKS, UVV, AWR
Daily Dividend Report: JPM, ALL, HRL, VAL, JOY
Daily Dividend Report: UMPQ, SJT, CRT, AVIV, SPAN
Initial Jobless Claims Jump by 32k
Jobless Claims Fall to Five Year Low
Hiring Picture Improves In April
Weekly Market Wrap: May 17, 2013
Weekly Market Wrap: May 10, 2013
Weekly Market Wrap: May 3, 2013
Week Ahead Market Report: May 13, 2013
Week Ahead Market Report: May 6, 2013
Week Ahead Market Report: April 29, 2013