On Friday the S&P 500 was unchanged and Toronto was up 0.1%.
Toll Brothers is updated and rates Speculative Buy at $32.70. It’s speculative because it’s P/E is still very high at 34. But earnings are set to increase very significantly in the next year due to contracts already signed. This will lower the P/E. Home prices will be higher in 2014 on new sales but new sales (which will hit revenue in 2015) have started off slowly in fiscal 2014 which started on November 1. On this stock my strategy will be to trim my position on gains and buy on dips. If I did not already own this my strategy would be to initiate a modest position.