KB Home sinks as Homebuilder warns that demand will decline
18 minutes ago
KB Home (KBH) stock was slumped on Tuesday a day after potential buyers recorded worse than expected results as they were hesitant due to reduced demand.
The company reported earnings per share for the first quarter of 2025, down 5% year-on-year to $13.9 billion. Both missed the visible alpha predictions. The number of houses delivered fell 9% to 2,770, but the average selling price rose 4% to $500,700.
CEO Jeffrey Mezger said “Consumers are tackling affordability concerns and uncertainties related to macroeconomic and geopolitical issues, and are slowly moving home buying decisions.” Mezger said the start of the major spring sales season was “more calmer than what we saw historically despite a healthy level of traffic in the community.”
Mezger said the company is lowering its full-year outlook “to reflect the low levels of net orders generated in the first quarter.” KB Home currently has housing revenues ranging from $6.6 billion to $7 billion, down from its previous estimate of $7.5 billion. The average selling price is expected to be between $480,000 and $495,000, down from $488,000 to $498,000.
TradingView
KB Home stock fell 6% this morning, reaching its lowest level in over a year.
–Bill McCall
Tesla EU sales continue to slide
1 hour and 5 minutes ago
Sales of the European Union (EU) Tesla (TSLA) fell for the second consecutive time in February, but overall new electric vehicle registrations increased.
According to the European Association of Auto Manufacturers, Tesla EU's new vehicle registration served as a proxy for sales, plunging from 47% to 11,743 units in February, a month after a 50% plunged.
Meanwhile, Block's Battery Electric Vehicle (BEV) registrations have increased by almost 24% overall.
Tesla shares fell 1% in early trading on Tuesday, which rose 12% yesterday to lead the S&P 500. Still, Tesla's stock has fallen by more than 30% in 2025, and concerns overwhelmed that CEO Elon Musk's work with President Donald Trump was to run an EV maker and distract him from damaging brand perception. Like China, its main market, weak sales in Europe and China are also damaging its inventory.
–Nisha Gopalan
Micro-Strategy Level for Watching after Monday's Surge
2 hours 35 minutes ago
MicroStrategy (MSTR) shares fell slightly this morning after jumping more than 10% on Monday.
The company's stock, the world's largest company owner, revealed on Monday that regulatory filings purchased an additional 6,911 Bitcoins between March 17 and March 23, with over 500,000 BTC. The accumulation of the digital currency MicroStrategy, which began in 2020, shows no signs of slowing down.
Shares in MicroStrategy, which operates under the name Strategy, have more than doubled in the last 12 months as of the end of Monday, earning 16% from the early days of the year, more than doubled in the last 12 months as investors rely on stocks as leveraged Bitcoin bets.
After going back to the closely monitored 200-day moving average, microStrategy stocks were traded sideways for several weeks, after which new purchase rights could be found. Recently, the stock was closed beyond its 50-day MA on Monday, potentially setting the stage for a continuing long-term uptrend in stocks.
Meanwhile, the relative strength index flashes readings above 50 to show bullish price momentum, but it is below the full-buying level, providing enough space to stock up on testing higher prices.
Investors will need to watch the major overhead areas of MicroStrategy charts for $383, $543 and $870, but they will also need to monitor key support levels near $232 and $180.
Stocks fell 0.5% at $334 in recent pre-market trading.
Read the complete technical analysis piece here.
–Timothy Smith
Major stock index futures are slightly higher
3 hours 8 minutes ago
Futures related to major US stock indexes rose 0.2% each in recent trading.
Dow Jones Industrial Average
TradingView
S&P 500
TradingView
Nasdaq 100
TradingView
