What’s Moving These Hot Stocks: PulteGroup, American Eagle
PulteGroup, Inc. (NYSE:PHM): A cancelled pilot program of Fannie Mae, which would have cost only $1.7 million but might have provided more than $410 million in benefits to homeowners, was the subject of a letter sent by two House Democrats to the acting director of the Federal Housing Finance Agency. The Los Angeles Times reports that the letter questions the testimony of Edward DeMarco, in which he stated that the program in question was more expensive than others which would do the same service. Ideological conflicts in the matter are suspected.
American Eagle Outfitters, Inc. (NYSE:AEO) earnings per share consensus is 10 cents, and its first quarter net sales rose 18 percent to $719 million vs. estimates of $653.89 million. Sales at comparable stores rose by 17 percent, including those from AEO direct.
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