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I have 23 consecutive profitable trades of 15% or better. How is this possible? Every day there are hundreds of stocks setting new highs, no matter what happens in the overall market. Many of these stocks are still at very reasonable valuations. Afraid of buying stocks at their highs? Think of it this way: a new high is really a future floor for companies with solid financial underpinnings. Quantitative momentum modeling makes it easy to identify stocks that can continue this upward momentum trend. Why does this happen? It's really very simple..ask me about what investors and cows have in common. I am $$$ MR. MARKET $$$. I AM HUGE!!! Bring me your finest meats and cheeses. You can join in on the fun. Register for free and you'll be able to post messages on this forum and also receive emails when $$$ MR. MARKET $$$ makes his own trades. ($$$MR. MARKET$$$ is a proprietary investor and does not provide individual financial advice. The stocks mentioned on this forum do not represent individual buy or sell recommendations and should not be viewed as such. Individual investors should consider speaking with a professional investment adviser before making any investment decisions.)
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  1. #21
    Join Date
    Sep 2003
    Posts
    4,745

    Default

    I don't get it. Is this bad?

    https://finance.yahoo.com/news/nvr-i...130000951.html

    RESTON, Va., July 20, 2018 /PRNewswire/ -- NVR, Inc. (NVR), one of the nation's largest homebuilding and mortgage banking companies, announced net income for its second quarter ended June 30, 2018 of $203,174,000, or $49.05 per diluted share. Net income and diluted earnings per share for the second quarter ended June 30, 2018 increased 37% and 39%, respectively, when compared to 2017 second quarter net income of $147,877,000, or $35.19 per diluted share. Consolidated revenues for the second quarter of 2018 totaled $1,787,305,000, a 16% increase from $1,544,492,000 in the second quarter of 2017.
    For the six months ended June 30, 2018, consolidated revenues were $3,316,719,000, an 18% increase from $2,821,584,000 reported for 2017. Net income for the six months ended June 30, 2018 was $369,223,000, an increase of 47% when compared to the six months ended June 30, 2017. Diluted earnings per share for the six months ended June 30, 2018 was $88.31, an increase of 46% from $60.36 per diluted share for 2017.
    Net income and diluted earnings per share were favorably impacted by the reduction in the Company's effective tax rate for the three and six months ended June 30, 2018 to 15.9% and 14.6%, respectively, compared to 29.2% and 26.5% for the three and six months ended June 30, 2017, respectively. The reduction in the effective tax rate was primarily due to the enactment of the Tax Cuts and Jobs Act in December 2017, which lowered the Company's federal statutory tax rate from 35% to 21%. Additionally, the effective tax rate for the three and six months ended June 30, 2018 was favorably impacted by the recognition of an income tax benefit related to excess tax benefits from stock option exercises totaling $26,456,000 and $46,022,000, respectively. For the three and six months ended June 30, 2017, the income tax benefit related to excess tax benefits from stock option exercises totaled $16,464,000 and $36,364,000, respectively.
    Homebuilding
    New orders in the second quarter of 2018 increased 6% to 4,964 units, when compared to 4,678 units in the second quarter of 2017. The average sales price of new orders in the second quarter of 2018 was $376,300, which was essentially flat when compared with the second quarter of 2017. Settlements increased in the second quarter of 2018 to 4,611 units, 18% higher than the second quarter of 2017. The Company's backlog of homes sold but not settled as of June 30, 2018 increased on a unit basis by 15% to 10,162 units and increased on a dollar basis by 12% to $3,861,853,000 when compared to June 30, 2017.
    Homebuilding revenues in the second quarter of 2018 totaled $1,750,463,000, 16% higher than the year earlier period. Gross profit margin in the second quarter of 2018 decreased to 19.1%, compared to 19.5% in the second quarter of 2017. Income before tax from the homebuilding segment totaled $223,266,000 in the second quarter of 2018, an increase of 17% when compared to the second quarter of 2017.
    Mortgage Banking
    Mortgage closed loan production in the second quarter of 2018 totaled $1,214,101,000, an increase of 17% when compared to the second quarter of 2017. Income before tax from the mortgage banking segment totaled $18,320,000 in the second quarter of 2018, an increase of 4% when compared to $17,631,000 in the second quarter of 2017.

  2. #22
    Join Date
    Nov 2003
    Location
    ohio
    Posts
    8,898

    Default

    Jiesen, We're living in a bizarro world. Good is bad, up is down , truth is lies. We should do the opposite of what is sensible.
    https://www.youtube.com/watch?v=cKUvKE3bQlY
    --------------billy
    Last edited by billyjoe; 07-20-2018 at 10:47 AM.

  3. #23
    Join Date
    Jun 2009
    Location
    Earth (Mostly)
    Posts
    352

    Default

    Itís an excellent earnings report, but they missed on revenue. Consensus was $1.82b and they reported $1.79b even though they beat on EPS. Not a big miss, but in the market, everything is about expectations, and when you donít meet them, the market punishes you. With excellent earnings like this, however, I think the share price will rebound.

  4. #24
    Join Date
    Jun 2011
    Location
    Charlottesville
    Posts
    118

    Default

    Ouch, still stings.

  5. #25
    Join Date
    Jun 2009
    Location
    NJ
    Posts
    565

    Default

    Feeling (and hoping) for the usual swings this stock takes, I got back in at 2825 this morning.

    Hope everyone is having a good Summer!

  6. #26
    Join Date
    Sep 2003
    Posts
    4,745

    Default

    Quote Originally Posted by jiesen View Post
    Great pick, $$MM!! I'm in with you at $3420 (got a bargain on the dip this morning) and am sure we'll see this hitting $4000 in no time!
    Nearly 3900 now, and I'm sitting on a 14% gain right here... just a bit more to go, and we've got another HUUUUUUUUUUUGGGGGEEEEE winner!!

  7. #27

    Default

    Quote Originally Posted by tiedyed1 View Post
    Feeling (and hoping) for the usual swings this stock takes, I got back in at 2825 this morning.

    Hope everyone is having a good Summer!
    wow.....did you hold it?
    =============================

    I am HUGE! Bring me your finest meats and cheeses.

    - $$$MR. MARKET$$$

  8. #28
    Join Date
    Sep 2003
    Posts
    4,745

    Default

    Quote Originally Posted by jiesen View Post
    Nearly 3900 now, and I'm sitting on a 14% gain right here... just a bit more to go, and we've got another HUUUUUUUUUUUGGGGGEEEEE winner!!
    Got lucky today, because my limit order hit at near the high of the day, around 3930. Got my 15% on this one, and hope you all get the same and more!

    Thanks for yet another awesome pick, $$MM!!! You are HUUUUUUUUUUUUUUUUUUUUGGGGGGGGGGGEEEEEEEEEEE!!!!!

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