Homebuilder Stocks Fall On KB Home Results, Margin Warning

By | January 13, 2015

Scalper1 News

The fourth-quarter earnings results season is just getting into full gear this week. Already, big selling by institutional investors is trampling recent gains by homebuilder stocks. Tuesday’s 2.3% drop in IBD’s Building-Residential/Commercial industry subgroup spoiled what looked to be a solid start in 2015. KB Home (KBH) triggered the selling avalanche. It reported a second straight decline in adjusted quarterly earnings per share and was deeply Scalper1 News

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