Bill Pulte took aim at home builders' stock buybacks, sending shares in D.R. Horton and Lennar lower. ...

We recently published 9 Stocks on Jim Cramer’s Radar.  D.R. Horton, Inc. (NYSE:DHI) is one of the stocks on Jim Cramer's radar. D.R. Horton, Inc. (NYSE:DHI) is one of the largest homebuilding companies in America. Its shares are up by 13.6% over the past year to make the firm one of the better-performing stocks in its sector. Cramer linked the firm to the broader homebuilding sector after Wells Fargo downgraded D.R. Horton, Inc. (NYSE:DHI) to Equal Weight from Overweight and cut the share price target to ...

Defense Sector - The defense sector experienced significant volatility following President Trump's announcement of a proposed military budget increase to $1.5 trillion for fiscal 2027, a 50% increase from the $962 billion requested for 2026, leading to a surge in defense stocks [3][4] - Lockheed Martin's shares rose 4.3% on January 8, followed by a 4.2% increase on January 9, closing at $542.78, while Northrop Grumman and RTX also saw gains [3] - Smaller companies like Kratos Defense experienced a remarkable 13.8% increase, and defense-focused ETFs outperformed the broader market [3] Housing Market - President Trump's proposal to ban large institutional investors from purchasing single-family homes caused a decline in major stock indices, with the Dow Jones Industrial Average dropping 0.9% and the S&P 500 slipping 0.3% [5] - Shortly after, Trump announced a directive for federal agencies to purchase $200 billion in mortgage bonds to lower mortgage rates, which led to a rally in housing stocks, with Rocket Companies surging 9.65% and homebuilders like Lennar and D.R. Horton also experiencing significant gains [6][8] - Analysts expressed concerns that while bond purchases might lower mortgage yields, they could also increase housing demand, complicating the affordability issue [7] Energy Sector - The capture of Venezuelan President Nicolás Maduro and Trump's announcement of a $100 billion oil investment plan for Venezuela positively impacted major stock indexes, with energy stocks like Chevron and Exxon Mobil seeing gains [10] - However, by January 7, oil prices fell due to concerns over the long-term implications of Trump's plan to refine and sell Venezuelan crude, indicating a mixed market reaction [11] Tariffs and Legal Uncertainty - The market showed anxiety ahead of a Supreme Court ruling on Trump's tariffs, with Wall Street futures dipping as uncertainty persisted regarding the legality of these policies [13] - Kevin Hassett's expectation that the Supreme Court would side with the Trump administration on tariffs adds another layer of speculation to the ongoing legal battle, highlighting the tension between executive power and trade norms [14] Market Dynamics - The overall market remains highly reactive to Trump's pronouncements, with significant fluctuations observed across various sectors, including defense, housing, and energy, reflecting the interplay between presidential policy and economic fundamentals [15][16] - On January 9, major indices were on track for weekly gains, with the S&P 500 reaching a new all-time high of 6,966, indicating a volatile yet upward trend in the market [16]

新华财经纽约1月9日电（记者刘亚南）由于最新宏观数据构成利好，纽约股市三大股指9日高开，早盘 震荡走高，午后窄幅盘整，收盘时纽约股市三大股指均上涨。 截至当天收盘，道琼斯工业平均指数比前一交易日上涨237.96点，收于49504.07点，涨幅为0.48%；标 准普尔500种股票指数上涨44.82点，收于6966.28点，涨幅为0.65%；纳斯达克综合指数上涨191.331点， 收于23671.346点，涨幅为0.82%。 板块方面，标普500指数十一大板块九涨二跌。材料板块和公用事业板块分别以1.80%和1.24%涨幅领 涨，医疗板块和金融板块分别下跌0.58%和0.35%。 美国劳工部9日公布的数据显示，2025年12月美国新增5万个非农就业岗位，低于市场共识预期的5.5万 个。同时，11月份新增非农就业岗位从6.4万个向下修订为5.6万个，而10月份非农就业岗位从萎缩10.5 万个修订为萎缩17.3万个。 美国劳工部公布的数据还显示，美国2025年12月失业率为4.4%，前一个月的失业率则从4.6%修订为 4.5%。 密歇根大学当日上午发布的初步调查数据显示，美国1月份消费者信心指数为54，高于前一个月的 ...

NEW YORK (AP) — U.S. stocks hit records Friday following a mixed report on the U.S. job market, one that may delay another cut to interest rates by the Federal Reserve but does not slam the door on it. The S&P 500 climbed 0.6% and topped its prior all-time high set earlier in the week. The Dow Jones Industrial Average added 237 points, or 0.5%, and likewise set a record, while the Nasdaq composite led the market with a 0.8% gain. The moves came after the U.S. Labor Department said employers hired fewer ...

There still a need for new housing, and builders are likely to offer buyers incentives. ...

Key Takeaways**Goldman Sachs Group Inc. (GS) received a significant price target increase from BMO, which raised its target to $980 from $785, while Truist Securities also lifted its target for JPMorgan Chase & Co. (JPM) to $331 from $330.Ukrainian drones reportedly struck Russian missile, ammunition, and oil depots in the Kostroma and Lipetsk regions, intensifying ongoing hostilities as President Zelenskiy arrived in Paris for talks.Wells Fargo downgraded D.R. Horton, Inc. (DHI) to Equal Weight from Overwe ...

Industry Overview - The housing market is struggling as high mortgage rates deter potential buyers, leading sellers to refrain from lowering asking prices [1] - Additional challenges include aggressive immigration enforcement affecting the construction labor force and high tariffs on building materials like lumber, aluminum, and steel [1] Company Analysis: Lennar Corp. - Lennar reported a nearly 6% year-over-year revenue decline in Q4 2025, with shrinking margins [3][4] - Gross margins fell to 17% in Q4, with expectations of further declines to 15-16% in Q1 2026 [4] - The company projects full-year 2026 deliveries of approximately 85,000, significantly below market expectations [4] - LEN shares have dropped over 20% year-to-date, with bearish indicators suggesting further downside [5] Company Analysis: Meritage Homes Corp. - Meritage Homes, with a market cap of $4.6 billion, reported a Q3 2025 revenue of $1.4 billion, missing estimates by over 6% [6][7] - Margins fell from 21.4% to 20.1% in Q3, and the company's spec business model may lead to increased liabilities in a slowing market [7] - Despite a brief share price increase, MTH shares have since declined, indicating collapsing momentum [9] Company Analysis: D.R. Horton - D.R. Horton, with a market cap of $42.5 billion, reported a revenue decline of only 3% year-over-year, outperforming many competitors [11] - The entry-level housing market remains stagnant, with many potential buyers unable to make down payments or unwilling to move from low-rate mortgages [13] - The company's fiscal Q4 2025 margin dropped to 20%, and the stock has decreased by 15% since early December [13][14] Company Analysis: NVR Inc. - NVR operates an asset-light business model and has seen a revenue decline of 4.5% year-over-year in Q3 2025 [16][18] - Although NVR shares are down only 10% year-to-date, bearish momentum is building, with technical indicators suggesting a potential dip [18] Company Analysis: Tri Pointe Homes Inc. - Tri Pointe focuses on high-net-worth areas but faces challenges as high mortgage rates prevent homeowners from moving up [19][20] - Despite beating recent earnings projections, revenue is declining year-over-year, and management has lowered margin guidance [21]

Core Insights - The Meridian Hedged Equity Fund reported a return of 1.67% in Q3 2025, underperforming the S&P 500 Index which returned 8.13% and the CBOE S&P 500 BuyWrite Index which returned 3.53% [1] Company Analysis: D.R. Horton, Inc. (NYSE:DHI) - D.R. Horton, Inc. is the largest homebuilder in the U.S. by volume, focusing on entry-level and first-time buyer segments [3] - The company reported a one-month return of -6.51% and a 52-week gain of 2.42%, with shares closing at $144.47 and a market capitalization of $42.194 billion on December 23, 2025 [2] - D.R. Horton demonstrated strong operational efficiency, with better-than-expected home closings and new orders, resilient gross margins, and a 2% year-over-year decline in construction costs [3] - The company raised its share repurchase guidance, indicating confidence in future cash flows [3] - Despite its potential, D.R. Horton is not among the top 30 most popular stocks among hedge funds, with 61 hedge fund portfolios holding its stock at the end of Q3, down from 64 in the previous quarter [4]

Group 1 - D.R. Horton (DHI) reduced its holdings by $199 million in Q3 and has completely exited its position [1][2] - The company initially invested in Q3 2023, betting on a recovery in housing demand; however, since the second half of 2024, even with declining interest rates, the real estate stocks have not shown a strong rebound [1][2] - The motivation behind the divestment was to cut losses and execute a tactical retreat, reflecting Warren Buffett's principle of not being overly attached to investments [1][3]