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Monday 29 June 2015
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Pre-Market Stocks Roundup: PulteGroup, (NYSE:PHM), United Continental Holdings (NYSE:UAL), DDR (NYSE:DDR)

On Thursday, PulteGroup, Inc. (NYSE:PHM)’s shares declined -0.58% to $20.42.

Single female Boomers are showing no signs of slowing down in their personal or professional lives. In fact, 50 percent of female Boomers are still working and 79 percent are satisfied in their current job position according to new data from Del Webb, a national brand of PulteGroup, Inc. (PHM), one of the nation’s largest homebuilders and the leading builder of communities for active adults.

The second in a series of newly released data from the 2015 Del Webb Baby Boomer Survey (conducted online for PulteGroup by Harris Poll among 1,020 single female U.S. adults ages 50-68) finds 51 percent of single, working Boomer women plan to stay at their current job for at least five more years, and 34 percent plan to retire between the ages of 65-69. These findings comprise with trends seen in Del Webb communities, which show the average age of a homebuyer to be 62 and that many residents continue to work after moving into the community.

PulteGroup, Inc., through its auxiliaries, engages in the homebuilding business; mortgage banking operations; and title operations in the United States. The company is involved in the acquisition and development of land primarily for residential purposes; and the construction of housing on land. It offers various home designs, counting single-family detached, townhouses, condominiums, and duplexes under the Pulte Homes, Del Webb, and Centex brand names.

United Continental Holdings Inc (NYSE:UAL)’s shares gained 0.90% to $54.94.

United Continental Holdings Inc (UAL) the U.S. airline industry’s transcontinental leader, will bring the airline’s “p.s.” Premium Service to its New York hub at Newark Liberty International Airport in October. Starting October 25, all regularly planned Newark-Los Angeles and Newark-San Francisco flights will offer:

  • flat-bed seats in the United BusinessFirst cabin;
  • premium in-flight service;
  • more extra-legroom Economy Plus seats than any other carrier; and
  • modern interiors with in-flight Wi-Fi and personal on-demand entertainment with individual seatback monitors and power ports for customers in every row.

With the addition of p.s. service at Newark Liberty, United customers flying on transcontinental flights to and from Newark in the BusinessFirst cabin will, for the first time, enjoy flat-bed comfort for their entire journey when connecting to and from flights across United’s extensive trans-Atlantic and trans-Pacific networks.

United will cement its role as the leader in transcontinental flying with more than 1,250 daily flat-bed seats – the most in the New York market – and a 44 percent enhance in flat-bed seats year-over-year. The airline will fly up to 17 daily round trips Newark-San Francisco and up to 15 daily round trips Newark-Los Angeles, leading the industry with a total of up to 10,000 round-trip seats offered per day on the two combined key transcontinental routes.

Manhattan business travelers, particularly those who work on Wall Street and throughout lower and western Manhattan, enjoy easy access to Newark Liberty, the most convenient of the three New York-area airports.

While at Newark Liberty, p.s. customers will have access to the New York area’s best airport experience. The company also declared recently that it is making a multi-million dollar investment to renovate United’s Terminal C lobby and to bring its new airport lounge design concept to all United Club locations at Newark Liberty. United already has invested more than $2 billion to build a world-class gateway at Newark Liberty where, with its airport partners, the airline is offering chef-driven restaurants, redesigned lounge-like gate areas and improved United Club locations.

United Continental Holdings, Inc., together with its auxiliaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. It transports people and cargo through its mainline operations, which use jet aircraft with at least 118 seats, and its regional operations. As of December 31, 2014, the company operated a fleet of 1,257 aircraft. It also sells fuel; and provides maintenance, ground handling, and catering services for third parties.

At the end of Thursday’s trade, DDR Corp (NYSE:DDR)‘s shares dipped -0.94% to $15.81.

DDR Corp (DDR) This Beachwood, OH-based retail real estate investment trust (“REIT”) continues with its efforts to enhance its portfolio-mix through divestitures which has near-term dilution effect. During first-quarter 2015, the REIT disposed 31 fully-owned assets for $353 million, while acquiring one shopping center for $49 million.

Further, though DDR’s increasing development and redevelopment pipeline is encouraging for future growth, it multiplies operational hazards by exposing the company to rising construction costs, entitlement delays and lease-up risks. In addition, DDR faces competition not only from other retail properties but also from retail channels such as catalogs and e-Commerce websites.

DDR Corp. is an equity real estate investment trust. It invests in the real estate markets of the United States and Puerto Rico. The firm is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers. It formerly known as Developers Diversified Realty Corp. DDR Corp is based in Beachwood, Ohio.

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