I am a full-time analyst interested in a wide range of stocks. With my unique insights and knowledge, I hope to provide other investors with a contrasting view of my portfolio, given my particular background.If you have any questions, feel free to reach out to me via a direct message on Seeking Alpha or leave a comment on one of my articles. Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within th ...

Hurricane Milton could slow down new home construction in the state of Florida, which could have a negative impact on the overall U.S. housing market. What Happened: Hurricane Milton has left devastation in the state of Florida that impacts multiple sectors and will take time to clean up and restore portions of the state. While portions of the cleanup effort will include the rebuilding and repair of existing homes, the hurricane could impact new homes built in Florida. New home build permits could be delaye ...

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These stocks are already solid winners in 2024. They should be able to keep the momentum going.No one knows for sure how any stock will perform over the next 12 months. There are simply too many variables that can come into play.However, that doesn't mean that analysts and investors can't have pretty good hunches about what certain stocks will do over the near term. And they can certainly have a reasonable idea about how some stocks will perform over the long term. With these two premises in mind, I'll make ...

Yesterday, mortgage rates fell for a sixth-straight week and hit their lowest level since February 2023, with the average contract interest rate for a 30-year fixed-rate mortgages with conforming loan balances dropping to 6.29%. This represents almost an entire percentage point drop from the same week one year ago, while applications for mortgages to purchase a home rose 2% for the week. In response, homebuilding stocks like sector heavyweights D. R. Horton Inc (NYSE:DHI), PulteGroup Inc (NYSE:PHM), and Len ...

In the latest market close, D.R. Horton (DHI) reached $187.53, with a +0.01% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.45%. On the other hand, the Dow registered a loss of 0.23%, and the technology-centric Nasdaq increased by 0.84%.Heading into today, shares of the homebuilder had gained 8.98% over the past month, outpacing the Construction sector's gain of 1.61% and the S&P 500's gain of 2.54% in that time.Analysts and investors alike will be k ...

This housing stock is positioned to build on years of impressive results.With the prospect of lower interest rates ahead, housing stocks are looking up. One beneficiary has been D.R. Horton (DHI 1.02%), which recently saw its shares hit an all-time high. The largest U.S. homebuilder has enjoyed two months of momentum after impressive earnings results and encouraging macroeconomic data.Some investors might think about selling after the recent gains, but there's still plenty to love about this homebuilder. He ...

When the Federal Reserve cuts interest rates – as it’s all but guaranteed to start doing in September – it has wide-ranging impacts on markets. What are the implications for the dollar? Housing? U.S. stocks? Global equities? Three MoneyShow experts share their views – and picks – for you this week.Mike Larson MoneyShowFederal Reserve Chairman Jay Powell didn’t equivocate. He didn’t parse his words. Instead, he said clearly and concisely on Friday that the Fed is ready to cut interest rates...and SOON! His s ...

According to the National Association of Realtors ("NAR") recent survey, pending home sales slipped to the lowest point in July since the index began tracking in 2001. The metric dipped strikingly after a sharp monthover-month increase of 4.8% marked in June. Probably the higher home prices and borrowing costs drove away potential buyers from the market. On Aug. 29, the Pending Home Sales Index (PHSI) declined 5.5% to 70.2 in July from a June reading of 74.3. The metric fell in all the regions on a month-ov ...

D.R. Horton, Inc. (DHI) shares crafted a new 52-week high of $193.63 on Aug. 6, 2024. The stock pulled back to end the trading session at $189.06.Homebuilder stocks such as KB Home (KBH) , PulteGroup, Inc. (PHM) and Lennar Corporation (LEN) reached 52-week highs on Aug. 26, following Federal Reserve Chair Jerome Powell's clear signal to financial markets that the time for lower interest rates has arrived. While Powell suggested that rate cuts are on the horizon, the extent of these cuts is still uncertain.A ...