Author Archives: Scalper1

Homebuilding Group Holds Up; LGI Homes Posts Good Q3

Despite some disappointing housing reports in recent weeks, the homebuilders group continues to hang tough. Some individual names are thriving, while others are setting up. In Wednesday’s IBD, the Building-Residential/Commercial industry group ranked No. 9 out of 197 groups, improving slightly from No. 12 three weeks ago. Six weeks ago, the group was at No. 7. Housing reports for the month of September were not inspiring: New-home sales tumbled

Facebook Partner Shopify Among 5 New IPOs Reporting

Shopify (SHOP), a provider of cloud-based e-commerce platforms, and high-frequency trading firm Virtu Financial (VIRT) were among recent IPOs that reported quarterly results Wednesday or were set to report. Here’s a look at how they did in their most recent quarter. Shopify’s third-quarter per-share loss of 3 cents was better than expectations for a 5-cent loss, while revenue spiked 93% to $52.8 million. Growth in merchant and subscription

Newborn HP gets its first haircut

After two strong up days following the Hewlett-Packard split-up, PC and printer maker HP Inc. (HPQ) fell Wednesday after getting a cautious report from UBS. HP was down 2% in afternoon trading on the stock market today, near 14. Its sister company, Hewlett Packard Enterprise (HPE), was down 4%, also near 14. Hewlett-Packard split into HP and HPE on Sunday. UBS analyst Steven Milunovich on Wednesday initiated coverage of HP with a neutral rating