Here's another story about trouble in the world of real estate. On Tuesday, homebuilder Toll (TOL) will be posting earnings and giving prespective on just how poorly the luxury end of real estate is faring. Last earnings go 'round three months back, TOL posted a drop in earnings (as one would expect in a distressed real estate market), but managed to beat street estimates and its stock has maintained a mostly upward course:
$1.06 is the street estimate and the pressure is on for TOL to beat again to keep the stock momentum going. From an options standpoint, open interest on December30 puts out numbers the calls by a fairly modest 15.2k to 12.6k. We'll be watching buying patterns and momentum Monday to determine whether there's a play ahead of earnings.
$1.06 is the street estimate and the pressure is on for TOL to beat again to keep the stock momentum going. From an options standpoint, open interest on December30 puts out numbers the calls by a fairly modest 15.2k to 12.6k. We'll be watching buying patterns and momentum Monday to determine whether there's a play ahead of earnings.
No comments:
Post a Comment