|Day Low/High||2.43 / 2.74|
|52 Wk Low/High||1.62 / 6.58|
The S&P/Case-Shiller 20-city index of home prices rises 4.4% in the second quarter, in a stronger-than-expected rise.
Existing-home sales fall to a 15-year low in July. Here's how stocks in the homebuilder sector reacted to the latest housing data.
When buying growing stocks take a hard look at earnings, sales and estimates for each investment you think is worthy of your retirement money.
The battered sector is now facing sharp drops in book value and concerns about cash flow.
Contracts in the region fell 40% in May and inventories are rising.
Washington's housing slowdown hurt the builder, but it made its shares cheap.
Shares fall 10% after the builder posts a drop in new orders and says it will write down assets.
Hovnanian and Toll's conference calls Thursday should shed light on the capital's slowing market.
The movie studio lowers its earnings view after a disappointment at the box office.
Midway Games posts lower-than-expected earnings, while Take-Two makes an acquisition.
Cramer tells listeners to consider where bailout money is going. Avoid the homebuilders here, he says.
Cramer reiterates that investors must ignore makers of second-rate products, as Thursday's action shows.
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