April 26 - D-R. Horton's shares up 55 percent since last year - beating the broader homebuilders index.
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Your boarding call for Friday let's get right into the latest earnings just -- -- -- go to DR important reporting a whopping 173%. Jump in quarterly profit. And said orders for future sales rose 34%. The number one home builder in the US saying the spring selling season is off to a strong start benefiting from the pickup in housing. Shares in the premarket jumping 6% on the news. It's bad for Amazon's results. Jeff -- as an Amazon getting smarter they get older though the online retail giant has figured out how to make money and not the old fashioned way. The company making big investments in ambitious projects like TV apps and web services. Some analysts say the company shipped from selling physical items to digital commodities could push it's already stellar profit margins even higher. But Amazon is worse than expected revenue growth prompting JPMorgan to cut its price target this morning from 300 bucks down to 285. Starbucks also reporting last night the coffee giant served up some hot profits and raised its full year earnings forecast. But revenue came in slightly below analysts' estimates shares down 3% in the premarket. I can think of one guy who's happy about -- signs earnings beat and 15% revenue boost. Warren Buffett who traditionally avoids tech stocks to the big stake in the Internet company according to the last thirteen F filing. The miracles staying true to his name as the stocks soared 17%. So far this year. Checking -- markets US stock futures point to a lower open ahead of today's latest GDP estimate. Economic growth expected to jump to 3% in the first quarter but don't get too excited. IFR says that growth will probably be the best we -- for a while sequestration is still expected to take its total. Out a little later is the Reuters and University of Michigan consumer sentiment survey. The index is expected to edged higher which would mean those tax hikes and government cuts haven't quite hit consumers just yet. Spending their money at Starbucks to evidently. And golds set for its biggest weekly gain since January of last year. That's of course after a big tumble right now spot gold touching 1460 Tuesday. Because other stops you gotta keep your eye on starting with JC Penney. Billionaire investor George Soros reporting a seven point 9% stake in the struggling retailer. He joins forces -- bill Blackman who owns a seventeen point 8% state locking himself in as one of the five largest stakeholders of -- The stock and needed a boost after falling about 24%. So far this year shares getting a lift in the premarket. Samsung reporting its sixth straight quarter of profit growth ahead of its galaxy S sport debut. Online orders in the US -- that device begin today the launch of the US poses a huge threat to apple and successfully asked for is crucial. Mobile device sales account for more than 70% of Samsung's overall profit shares flat in South Korean trade. And what a week for Samsung's biggest rival apple. The stock actually crept up 4% so far this week and became the biggest dividend Payer in the world. But boy has it taken it on the chin from analysts over thirty brokerages dropping their price target this week. One taking fares as low as 360 bucks on Apple's disappointing outlook. Look for the stock to keep testing that 400 dollar level today. That's off your Friday morning call remembered follow us on Twitter at Reuters Insider and get more great videos at Reuters dot com slash. I'm Lisa Bernhard that.
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