Toll Brothers (a luxury home builder) is updated and rated (higher) Buy at $32.40. The recovery in the U.S. home building and home prices continues. Due to contracts already signed Toll Brothers has an earnings increase of about 14 to 18% more or less “baked in” for 2017 (barring unusual write-offs or warranty expenses and the like). However, I understand that this current quarter will not show much increase just due to a lull in contracts in Q2 last year which would show up as weaker deliveries this quarter or next. And, we could get a negative reaction when the U.S. increases interest rates. But overall I feel very comfortable owning this company and expect it to do well over the years. Houses remain very affordable in most of the U.S.