Filed under: Facebook, Earnings, Real Estate, Retail, Industry News, Automotive Industry, Consumer Goods, Food & Beverage, Materials & Construction, Restaurants, IPOs
From an established homebuilder going public to the leading used car retailer slamming on the brakes long enough to announce quarterly results, there will be plenty of news waiting to break in the coming days. Let’s go over some of the items that will help shape the week that lies ahead on Wall Street.
1. Home IPO, Sweet Home IPO: Unless you’ve been sleeping under a rock, you’re probably aware that residential real estate has bounced back in a major way. Prices are inching higher, and available inventory is thinning out.
If you are sleeping under said rock, by the way, at least make sure it has central air, indoor plumbing, and room for a pool.
As homebuilders see their financials and share prices improve, privately held developers now want in on the action. TRI Point Homes (TPH) went public earlier this year, and this week it will be Taylor Morrison Home hanging the “Open House” sign on its IPO.
Taylor Morrison Home is hoping to raise roughly $500 million as it offers 23.8 million shares priced at $20 to $22 apiece. The stock should price on Tuesday for this developer that happens to be one of country’s 10 largest homebuilders. Taylor Morrison Home should then begin trading on Wednesday.
2. Facebook Calls an Audible: Facebook (FB) unveiled a new platform for Android devices last week, and Facebook Home makes its debut on Friday.
The new program will run on some of the latest Android wireless devices, aiming to make the smartphone experience more about people than apps.
Phones with Facebook Home installed will boost up to a screen where Facebook notifications are front and center with the latest photos uploaded by friends serving as a background. It’s more impressive than it sounds, and more importantly it’s reversible — it’s just a matter of uninstalling the program.
A bolder move by Facebook — HTC First — will also hit the market Friday. This is what many in the media are now calling the Facebook Phone since it’s optimized for the new application. Even if the phone itself doesn’t sell well, the future of Facebook Home can still be bright.
3. Good Buy, Ruby Tuesday?: The climate for casual dining is challenging. The end of the payroll tax stimulus is giving diners less money to eat out. It’s certainly not helping that hungry customers are choosing “fast casual” places that provide quality food quickly at lower price points and without the tipping rite.
Ruby Tuesday (RT) has been a laggard, and a new CEO was brought in late last year to attempt a turnaround. The new helmsman has shed …read more
Source: FULL ARTICLE at DailyFinance