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Jan 29, 2024
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our next guest has a neutral rating on pulte right now.uld be remiss in not pointing out that the new home builders have been the superstore of the last year or so, despite all the stress in the existing home market. new homebuilders have held up pretty well. is that going to continue in this report tomorrow? >> thanks for having me on. we from an earnings perspective are in line with consensus. but we do think that gross margins are going to be a little bit weaker, as well as order to growth being 30% versus the 43% out there. we feel like at the beginning of the quarter when mortgage rates were near 8%, and may have been a little bit more of a hindrance on demand than what people expect. we also when we heard this last week that there is pretty aggressive levels of mortgage-rate buydowns, which are gross margin negative, as well as price cuts in order to drive volume. the stocks have had a great run last year, specially in december, but feel like we have priced and a lot of good news especially on larger names like pulte. romaine: i'm cu
our next guest has a neutral rating on pulte right now.uld be remiss in not pointing out that the new home builders have been the superstore of the last year or so, despite all the stress in the existing home market. new homebuilders have held up pretty well. is that going to continue in this report tomorrow? >> thanks for having me on. we from an earnings perspective are in line with consensus. but we do think that gross margins are going to be a little bit weaker, as well as order to...
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Jan 12, 2024
01/24
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bill pulte, of course, of pulte homes. always. >> thank you. cheryl: programming note, catch my we show, american dream home. all three seasons right now are streaming on fox nation. >>> u.s. producer prices falling unexpectedly in the month of december bringing inflation to a rate more in line with pre-pandemic times. i want to bring in the conference board chief economist dana peterson. dana, now that we've got both reports, cpi and ppu, what is your initial takeaway -- ppi -- you know, if you look at both? do you think that inflation is cooling? >> well, i think it's the mixed news. certainly the ppi coming off is really great news, and the core cpi is continuing to slow. that's also fantastic news. but we did see an uptick in the headline cpi. overall i would say, yes, inflation is calming down. we're nowhere near the rates that we saw last year, and i think it's going to continue to calm. cheryl: the consumer confidence index actually rebounded in december, so -- and that was a holiday month. does it seem that the con
bill pulte, of course, of pulte homes. always. >> thank you. cheryl: programming note, catch my we show, american dream home. all three seasons right now are streaming on fox nation. >>> u.s. producer prices falling unexpectedly in the month of december bringing inflation to a rate more in line with pre-pandemic times. i want to bring in the conference board chief economist dana peterson. dana, now that we've got both reports, cpi and ppu, what is your initial takeaway -- ppi --...
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Jan 4, 2024
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shares of armstrong and pulte showing gains today. john, good to see you again.come. >> yeah, kelly, thanks for having me. >> broadly speaking, because i do think history is repeating itself a little bit here. we hear that home builders lead on the fed pivot. it seems like that has been true, but are we running out of steam there? >> i don't think so. i think the dynamics are favorable for the public home builders. there's little existing home supply. demand is resilient. the demand is being fulled towards the new construction market and here, the public builders gaining tremendous amount of market share. if you think about their balance sheets, the market share gains and ability to generate cash consistently throughout a cycle and they're better disciplined, you can make the argument for why these stocks should not trade at a significant discount to the s&p 500, which is one of the things that we sort of contemplated within the context of this. >> given that positivity, generally speaking, why does pulte get a downgrade today? >> we still have 19% upside in the
shares of armstrong and pulte showing gains today. john, good to see you again.come. >> yeah, kelly, thanks for having me. >> broadly speaking, because i do think history is repeating itself a little bit here. we hear that home builders lead on the fed pivot. it seems like that has been true, but are we running out of steam there? >> i don't think so. i think the dynamics are favorable for the public home builders. there's little existing home supply. demand is resilient. the...
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Jan 30, 2024
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pulte is hitting a new high, up one. 2%. %.l is offering fresh produce in 5000 stores. the dollar store has more distribution than a healthy supermarket. carrying fresh produce is costly. stock is down 3.2%. ashley: thank you very much. let's get back to the battle between texas and the fed for control of the border. matt finn is in eagle pass, texas. what is governor abbott now saying about migrants that he has been busting out of state. >> reporter: governor abbott has transported 102,000 migrants to sanctuary cities and he says that will continue until, quote, biden secures the border. in shelby park, the showdown continues between governor abbott and the biden administration. in california, the southern border, we have fresh data, fox cameras catching an illegal crossing in eastern san diego and two human smuggling suvs pulled to the mexican side of the wall and drop off dozens of people who illegally breezed through the southern border wall. this group included illegal migrants from china, turkey, brazil, and india. u.s. c
pulte is hitting a new high, up one. 2%. %.l is offering fresh produce in 5000 stores. the dollar store has more distribution than a healthy supermarket. carrying fresh produce is costly. stock is down 3.2%. ashley: thank you very much. let's get back to the battle between texas and the fed for control of the border. matt finn is in eagle pass, texas. what is governor abbott now saying about migrants that he has been busting out of state. >> reporter: governor abbott has transported...
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Jan 25, 2024
01/24
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stuart: then we have pulte homes.: homebuilders putting in strong performance, new home sales in december at 8%. prices fell about 20%, median selling price of 413,000. why is that good news? it opens the market a little more for folk still facing relatively high interest rates to buy home. we went median, new homes down 20% did you say? >> $20,000. stuart: at a little different. yellow card. lauren: 413, i was wrong. stuart: the proper name is obviously how come they are open 4%? lauren: they say to buy it. the price target, $248 from 173 where they are now. there point, hurts hasnie the problem. 11% of its fleet is electric vehicles. it's not working for them. so people are assuming they will have the same problems as hurts and that's not the case. stuart: next case, national school choice week, the national teachers union not happy about it. they are backing anti-school choice campaign that argues voucher problems are rooted in racism. they say vouchers are racist because it takes money from public schools and deep
stuart: then we have pulte homes.: homebuilders putting in strong performance, new home sales in december at 8%. prices fell about 20%, median selling price of 413,000. why is that good news? it opens the market a little more for folk still facing relatively high interest rates to buy home. we went median, new homes down 20% did you say? >> $20,000. stuart: at a little different. yellow card. lauren: 413, i was wrong. stuart: the proper name is obviously how come they are open 4%? lauren:...
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Jan 3, 2024
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however i did get it and we were sent in pulte part of baltimore to go to intelligent school from three months we studied the makeup of the bureau, soviet order of battle protocols and tactics, you identify a t72 tank. virtually nothing about vietnamese history, about how to fight guerrilla war, how to get information and a guerrilla environment. no outside speakers about what the experiencee would in vietnam was like and really in terms of training it was a disaster. completely useless. >> it sounds like we were looking at it as a fight against communism. and in your book you have a scene at the gridiron dinner or president johnson is speaking. again i don't know how much of this is real and how much is novel. you write that president johnson delivered an anti- communism a message at the gridiron dinner that year. >> he delivered many anti-communism messages. he didrt not do it at that particular gridiron dinner that year. as i said i played with dates and times and so forth. lead johnson was veryst strongly anti-communist. however he had grave doubts at getting the american soldiers i
however i did get it and we were sent in pulte part of baltimore to go to intelligent school from three months we studied the makeup of the bureau, soviet order of battle protocols and tactics, you identify a t72 tank. virtually nothing about vietnamese history, about how to fight guerrilla war, how to get information and a guerrilla environment. no outside speakers about what the experiencee would in vietnam was like and really in terms of training it was a disaster. completely useless....
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Jan 2, 2024
01/24
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royal caribbean, uber, carnival, amd, pulte, palo alto, for example, all lower. i feel like, weiss, we come into this year, the big question is whether it's time to trim across the board after this massive run that we had from november. kcramer this morning said crippe across the board. there has to be some discipline. on the mega caps, maybe it's time to cool. the multiples are out of whack. i see you've trimmed both meta and microsoft. >> i have. look, my views on those particular equities have not changed at all. the position has gotten large. they were over 40% of the portfolio because of the growth. while i would never get that large in names that don't have the underlying fundamentals and don't have the core values, the intrinsic value of these companies, i don't believe we'll have the same experience. i think they'll outperform, but to the degree they did, you know, i don't think they'll do it this year. now i actually sold them on friday and a couple others that we'll go through, because i think everybody had the same idea as me. joe and i talked about it
royal caribbean, uber, carnival, amd, pulte, palo alto, for example, all lower. i feel like, weiss, we come into this year, the big question is whether it's time to trim across the board after this massive run that we had from november. kcramer this morning said crippe across the board. there has to be some discipline. on the mega caps, maybe it's time to cool. the multiples are out of whack. i see you've trimmed both meta and microsoft. >> i have. look, my views on those particular...
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Jan 17, 2024
01/24
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last three months, it's up 36% so, these -- these guys, all of them, so, if you look at pulte, kb, lennar, the lowest they've been up in the last three months has been 35%, the highest is 41%. so, i think they got what little ahead of themselves, but they've had great performance, i don't think you should throw them all out, but maybe just take a step back and let it breathe a little bit. >> what a year -- it was a bad year for them in 2022. they came back, one of the leading groups, right, of 2023 does it sustain this year? >> well, the thing that's interesting about it, i mean, it's a giant rate bet at this point, and it had that very unusual situation where existing home -- existing homes wouldn't come on the market because the mortgages were too cheap, people didn't want to sell them that's a great environment -- >> they had a cheap mortgage they didn't want to give up. >> they had no supply and all you had was new inventory. you couldn't have created a better picture for them. but to me, it's just a giant rate bet, and if you are pessimistic, if you think rates go higher, i don't kno
last three months, it's up 36% so, these -- these guys, all of them, so, if you look at pulte, kb, lennar, the lowest they've been up in the last three months has been 35%, the highest is 41%. so, i think they got what little ahead of themselves, but they've had great performance, i don't think you should throw them all out, but maybe just take a step back and let it breathe a little bit. >> what a year -- it was a bad year for them in 2022. they came back, one of the leading groups,...
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Jan 10, 2024
01/24
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. >> pulte is the first-time home buyer, that's up over 100% in a 52-week performance. if the home builders do not have to subsidize anymore these mortgage rates, that's a tailwind. rates comes down, tailwind. but i agree with guy. i think you kind of overextended this. you would have to see the rates fall for a mortgage rate, probably has to be in the fives or high fours, and i don't think we're getting there. but if we do, then these stocks will outperform again, because everyone floods the market to buy homes, to put homes on the market. i think it's a boon. >> home depot upgrade today on the notion that the bottom has been hit in the housing market. >> it's hard to say that, when -- we when the last -- the bottom in the housing market was -- >> probably during -- >> maybe during covid. it's incredible. >> i don't know how you gauge bottom. >> well, that's another show. but with that said -- >> whoa. whoa. >> i mean, there are a lot of reasons to continue to like home depot. however, at some point, valuations get in the way. and we have a crack staff in ec -- >> very
. >> pulte is the first-time home buyer, that's up over 100% in a 52-week performance. if the home builders do not have to subsidize anymore these mortgage rates, that's a tailwind. rates comes down, tailwind. but i agree with guy. i think you kind of overextended this. you would have to see the rates fall for a mortgage rate, probably has to be in the fives or high fours, and i don't think we're getting there. but if we do, then these stocks will outperform again, because everyone floods...
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Jan 30, 2024
01/24
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. >> housing, pulte is helping out, jim, extending to all-time highs even with the revenue miss. >> ratesent up big during this quarter. it doesn't seem to matter. they held the line in pricing and they're very, very good company. what's amazing is they were buying that stock when no one liked it. still sells at nine times earnings. i know toll brothers, their stock sells at eight times earnings. they don't report until 2/21. i think they could have an amazing quarter. >> pfizer, of course, the challenges there have been pretty well telegraphed. they reiterate the guide, talk about the challenges there. stock is higher, but nowhere near retracing the past 52 weeks. >> here you're making a bet that c gen is going to deliver on critical cancers that people have had very little luck on. i saw, by the way, the nurtec numbers, the migraine drug, looks like they're getting a little hockey stick. i wonder if that's not lady gaga. unlike me, i did not take a lot of money for being a spokesperson. then again, i'm not lady gaga, in case anyone is confused between the two of us. >> jetblue with narr
. >> housing, pulte is helping out, jim, extending to all-time highs even with the revenue miss. >> ratesent up big during this quarter. it doesn't seem to matter. they held the line in pricing and they're very, very good company. what's amazing is they were buying that stock when no one liked it. still sells at nine times earnings. i know toll brothers, their stock sells at eight times earnings. they don't report until 2/21. i think they could have an amazing quarter. >>...