Beazer Homes USA Stock Discussion

$GameStop (GME.US)$ initiated at overweight by Barclays, announced target price at $215.00.
$Tradeweb Markets (TW.US)$ initiated at overweight by Barclays, announced targe price at $89.00.
$Pinterest (PINS.US)$ was upgraded by Wells Fargo from equal-weight to overweight, increased target price from $23.00 to $34.00.
$Beazer Homes USA (BZH.US)$ was upgraded by Wedbush from neutral to outperform.
$Uber Technologies (UBER.US)$ was downgraded by Daiwa Capi...

Gapping up
$Doximity (DOCS.US)$ +21.1% (The online platform for medical professionals reported better-than-expected quarterly results and announced a new share repurchase program.)
$LegalZoom (LZ.US)$ +15.4% (The company reported its better-than-expected quarterly results from the online provider of legal documents and advice. LegalZoom reported a quarterly loss that was smaller than analysts had anticipated and raised its full-year rev...

Upgrades
• $Autoliv (ALV.US)$ : UBS Upgrades to Buy from Neutral - PT $90 (from $103)
• $Clean Energy Fuels (CLNE.US)$ : Raymond James Upgrades to Outperform from Market Perform - PT $6
• $EOG Resources (EOG.US)$ : Raymond James Upgrades to Strong Buy from Outperform - PT $170
• $Genuine Parts (GPC.US)$ : BofA Securities Upgrades to Neutral from Underperform - PT $133
• $Graphic Packaging (GPK.US)$ : Exane Upgrades to Outperform from Neutral - PT $26
• $Healthcare Trust of America Inc (HTA.US)$ : Berenbe...

$D.R. Horton (DHI.US)$ $Beazer Homes USA (BZH.US)$ The US merchandise trade deficit widened to the highest level in history in November, as consumer goods imports hit a record high, while exports fell after achieving historic growth in the previous month. The holiday shopping season was affected by the epidemic and industrial supply for the second consecutive year. According to data from the US Department of ...

Weekly market recap
Stock futures idled in overnight trading after the major U.S. market indexes reached record highs on Friday following a better-than-expected October jobs report.
Futures on the $Dow Jones Industrial Average (.DJI.US)$ were nearly flat. $S&P 500 Index (.SPX.US)$ were little changed and $Nasdaq Composite Index (.IXIC.US)$ futures dipped 0.3%.
The moves in futures trading came after the U.S. House of Representatives late Friday passed a more than $1 trillion infrastructure bill, sending the legislation to President Joe Biden for his signature. The package passed by the Senate in August would provide new funding for transportation, utilities and broadband, among other infrastructure projects.
Here's a look at the return of S&P 500 sectors
This week ahead in focus
Stocks could take aim at new highs in the week ahead, even as investors face fresh data that could show the highest year-over-year jump in consumer inflation in more than 30 years.
Stocks touched record levels Friday, after a monumental week that included the Federal Reserve’s announcement that it will wind down its bond buying, the first big step away from the easing measures it put in place to fight the pandemic.
The earnings season is winding down but there are still a number of reports in the coming week, including The Walt Disney Company on Wednesday.
Monday
Earnings: $SoftBank Group (ADR) (SFTBY.US)$, $Virgin Galactic (SPCE.US)$, $Zynga (ZNGA.US)$, $PayPal (PYPL.US)$, $TripAdvisor (TRIP.US)$, $AMC Entertainment (AMC.US)$, $Roblox (RBLX.US)$, $Tencent Music (TME.US)$
9:00 a.m. Fed Vice Chairman Richard H. Clarida
10:00 a.m. Boston Fed President Kenneth Montgomery
10:30 a.m. Fed Chairman Jerome Powell at conference on gender and economy, hosted by Fed
10:55 a.m. New York Fed President John Williams
12:00 p.m. Fed Governor Michelle Bowman
12:00 p.m. Philadelphia Fed President Patrick Harker
1:50 p.m. Chicago Fed President Charles Evans
2:00 p.m. Senior loan officers survey
Tuesday
Earnings: $D.R. Horton (DHI.US)$, $Coinbase (COIN.US)$, $Palantir (PLTR.US)$, $Aurora Cannabis (ACB.US)$, $BAYER AG (BAYZF.US)$, $Krispy Kreme (DNUT.US)$, $DoorDash (DASH.US)$, $Cardinal Health (CAH.US)$, $BioNTech (BNTX.US)$, $Poshmark (POSH.US)$, $Unity Software (U.US)$
6:00 a.m. NFIB survey
7:50 a.m. St. Louis Fed President James Bullard
8:30 a.m. PPI
9:00 a.m. Fed Chairman Powell at conference on Diversity and Inclusion in Economics, Finance, and Central Banking, co-hosted by the Federal Reserve Board, Bank of Canada, Bank of England, and European Central Bank
11:35 a.m. San Francisco Fed President Mary Daly
1:30 p.m. Minneapolis Fed President Neel Kashkari
Wednesday
Earnings: $Disney (DIS.US)$, $Beyond Meat (BYND.US)$, $ADIDAS AG (ADDDF.US)$, $The Wendy's Co (WEN.US)$, $Bumble (BMBL.US)$, $Energizer Holdings (ENR.US)$, $Beazer Homes USA (BZH.US)$, $Affirm Holdings (AFRM.US)$, $Frontier Group (ULCC.US)$
8:30 a.m. Initial jobless claims
8:30 a.m. CPI
10:00 a.m. Wholesale trade
2:00 p.m. Federal budget
Thursday
Earnings: $SIEMENS AG (SMAWF.US)$, $Tapestry (TPR.US)$, $Burberry Group plc Sponsored ADR (BURBY.US)$ , $Lordstown Motors (RIDE.US)$
Veterans Day
Bond market closed
Friday
Earnings: $AstraZeneca (AZN.US)$, $Warby Parker (WRBY.US)$
10:00 a.m. Consumer sentiment
10:00 a.m. JOLTS
12:10 p.m. New York Fed’s John Williams
Source: CNBC

$Zillow-C (Z.US)$ $D.R. Horton (DHI.US)$ $Beazer Homes USA (BZH.US)$ Consumer confidence in the United States unexpectedly strengthened in October, and concerns about high inflation were overshadowed by improved labor market prospects, suggesting that economic growth is picking up after a turbulent third quarter. The World Enterprise Research Institute's consumer confidence index rose to 113.8 in October, ending the previous three-month consecutive decline. Good news is also coming from the real estate market. The US Department of Commerce said in a report that in September, new home sales surged by 14.0%, with an annual rate of 800,000 after seasonal adjustments. The United States Federal Housing Finance Bureau report shows that in August, house prices jumped 18.5% year-on-year, and July rose 19.2%, a record. This shows that the price rise has reached its peak.
Article excerpted from Reuters Financial Morning Post

$D.R. Horton (DHI.US)$ $Beazer Homes USA (BZH.US)$ Penduing home sales have greatly exceed expectations in August, rebounding spectacularly from the July dip to jump to the highest level in seven-months. Pending home sales rose 8.1% in August month-on-month, according to the National Association of Realtors. This exceeded estimates for a 1.4% monthly rise, based on Bloomberg consensus data. In July, pending home sales fell by 2.0%. Pending home sales are -6.3% down compared to last year.
Lawrence Yun, the NAR’s Chief Economist, said “Rising inventory and moderating price conditions are bringing buyers back to the market. Affordability, however, remains challenging as home prices are roughly three times wage growth.