Comment by phil

View Single Comment

phil
April 22nd, 2014 at 7:58 pm
United Technologies’ Carrier orders signal housing strength, CFO says
03:54 PM ET · UTX
• United Technologies (UTX +0.9%) CFO Greg Hayes says Q1’s 19% Y/Y rise in orders for the company’s Carrier heating and cooling systems – despite the harsh winter weather conditions – suggests growing strength in the U.S. housing market.
• Hayes says Carrier’s residential business historically has proven a reliable indicator about the state of the U.S. housing market; in 2007, Carrier’s sliding sales foreshadowed the coming housing bust, but “here it is 2014 and it’s going the other way, so we feel pretty good about the U.S. economy.”
• Sterne Agee likes what it saw in UTX’s Q1 results, reiterating its Buy rating, while RBC Capital calls the quarter a good start on the way toward improved growth through the year.
• Homebuilder ETFs: ITB, XHB
var isMC=true; var adSize=’320×50′; var ord = Math.floor(Math.random()*10e12); var seekingalpha_ad_src=’http://ad.doubleclick.net/N6001/adj/sek.mobile/app;sz=320×50,320×250;x=x;tile=1;d=mobile;t=app;mcid=true;mcid=1686123;d=etf;s=UTX;s=ITB;s=XHB;’+dart_my_vocation_and_profiles()+’ord=’+ord+’;dev=ip?’; document.write(”);