ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
For Toll Brothers (TOL), history has a nasty habit of repeating itself. Over the last two quarters, TOL released preliminary earnings reports that propelled the stock to one-day double-digit gains on record trading volumes. For the second time in a row, the actual earnings report generated the exact opposite response. After the last earnings report, … Read more
For the second straight quarter, Toll Brothers (TOL) provided a preliminary quarterly report that ignited the stock as sales volumes once again surpassed expectations. Robert I. Toll, chairman and CEO, explains: “Our fourth-quarter unit deliveries exceeded the high end of our range of guidance due to the delivery of a higher percentage of our backlog, … Read more
Five months ago, I flagged $45M in combined stock sales by the Toll brothers in their company’s stock. Since then, Toll Brothers (TOL) has been on a roller coaster ride: the stock was first up 15% from the time of my last post, then a two-month and 26% decline, and now a two-month 40% run. … Read more