Hints and tips:
...Investors have also cheered its expansion through partnerships with restaurants including Tim Hortons and new products like an alternative to ground beef....
...Philip Kett, analyst at Jefferies, said the combination of Mr Horton and Mr Bright had been “one of the longest serving management teams” in the insurance market and that Mr Bright’s departure was “unexpected...
...Elsewhere, a ratings upgrade from Jefferies helped shares in handbag maker Coach climb 1.9 per cent to $32.63....
.... . and a desire to re-internationalise Kraft “Although the 2012 demerger refocused Kraft on the US market, a critique of Heinz was that it was too US-centric,” says Martin Deboo, consumer analyst at Jefferies...
...Shares of Zynga climbed 11 per cent to $2.75 after analysts at Jefferies upgraded the stock to buy from hold and maintained their $4.50 price target....
...Shares in PulteGroup rose 3 per cent to $18.78, DR Horton added 1 per cent to $21.13, Toll Brothers gained 2 per cent to $34.57 and Lennar also added 2 per cent to $37.55....
...Shares of DR Horton declined 2.8 per cent to $21.87, KB Home fell 2.7 per cent to $18.21, and Toll Brothers dipped 1.5 per cent to $35.95....
...“We believe this development is a short-term positive for equipment vendors,” said George Notter at Jefferies....
...The outlook was “better than feared”, said analysts at Jefferies....
...Pulte Group was down 3.2 per cent to $8.86, Toll Brothers fell 3.2 per cent to $17.06 and DR Horton lost 3 per cent to $10.22....
...DR Horton ended 9.8 per cent higher at $4.50, while KB Home gained 4 per cent to $13.38....
...DR Horton pared early losses to stand 0.3 per cent lower at $22.53....
...In Wendy’s, we thought the value of its Tim Hortons restaurant franchise was worth the entire stock price two years ago, so we were getting the Wendy’s brand restaurant and franchising business for free...
...Wachovia cut Pulte, DR Horton and Lennar from “outperform” to “market perform”....
...Arthur Hogan, chief market anlayst at Jefferies & Co dismissed the rally as a “dead cat bounce.”...
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