The Market Today

Except for the homebuilders, it was another quiet day on Wall Street. Here’s how the 20 top homebuilders did today:

Ticker Today’s Loss
PHM -8.92%
DHI -9.33%
LEN -5.23%
CTX -6.48%
KBH -5.50%
TOL -13.96%
NVR -6.51%
RYL -4.93%
MDC -5.59%
HOV -7.05%
SPF -8.06%
BZH -5.30%
WLT -1.08%
MTH -11.24%
HXM -2.80%
BHS -5.39%
TOA -6.79%
WCI -4.53%
WLS -10.69%
CHB -1.57%

The S&P 500 lost 0.35% today and our Buy List fell 0.20%. We’re still ahead for November; 2.39% for us compared with 0.96% for the S&P 500.
There’s not much to say about today’s market. This marks four straight days of little movement. The S&P 500 has bounced between 1215 and 1225. Dell (DELL) came within a penny of matching a 52-week low. I’m curious at to what Dell will have to say on Thursday. I’m particularly interested in its guidance for next year (Dell’s fiscal year ends at the end of January). If the low end of Dell’s forecast is $1.82 a share or more, then it would give the stock a P/E ratio of less than 16.

Posted by on November 8th, 2005 at 4:46 pm


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