The report for Toll Brothers is updated and rated Buy at u>s. $35.66. The previous update had noted that while profits were up, contracts to build new homes (which become revenues and profits some 9 to 12 months later when the home is built and delivered were down. This trend continued in the latest two quarters but in a hopeful sign, contracted home sales were up in April. The stock looks under-valued but is facing several quarters of earnings decline before probably resuming growth. Therefore the stock may continue to languish under valued for the rest of 2019. Or, if home building picks up then the stock could react to that in spite of reporting lower earnings later this year.