Loading...Loading...U.S. stocks traded higher this morning, with the Dow Jones index gaining around 40 points on Thursday.Following the market opening Thursday, the Dow traded up 0.10% to 41,238.64 while the NASDAQ rose 0.22% to 18,036.66. The S&P 500 also rose, gaining, 0.21% to 5,600.18.Check This Out: Top 3 Health Care Stocks Which Could Rescue Your Portfolio In JulyLeading and Lagging SectorsIndustrials shares jumped by 0.6% on Thursday.In trading on Thursday, health care shares fell by 0.4%.Top Headlin ...

D.R. Horton (DHI) came out with quarterly earnings of $4.10 per share, beating the Zacks Consensus Estimate of $3.80 per share. This compares to earnings of $3.90 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.89%. A quarter ago, it was expected that this homebuilder would post earnings of $3.08 per share when it actually produced earnings of $3.52, delivering a surprise of 14.29%.Over the last four quarters, the company ha ...

D.R. Horton Inc. (DHI) is slated to report third-quarter fiscal 2024 (ended Jun 30, 2024) results on Jul 18, before the opening bell.In the last reported quarter, the company’s earnings and revenues beat the Zacks Consensus Estimate by 14.3% and 10.2%, respectively. Yet, earnings and revenues of this homebuilding company grew 28.9% and 14% from the year-ago reported figures.Markedly, D.R. Horton reported better-than-expected earnings in 20 of the last 21 quarters.The Trend in Estimate RevisionThe Zacks Cons ...

The stock market breathed a sigh of relief last week when June’s inflation numbers came out. The Consumer Price Index fell 0.1% for the month, the first time inflation fell in four years. It signaled the Federal Reserve might cut interest rates, possibly as soon as September.Until then, things had been looking bleak with cuts not coming until December or even next year. But the more hopeful outlook ignited a rally amongst stocks that were hit hard by the Fed’s unprecedented rate increases.Yet there is still ...

The June CPI was much better than expected and has the broad market set up to rally over the next six to 12 months. The rally is driven by the expectation for FOMC interest rate cuts, which will reduce the cost of money and reinvigorate the bull market, assuming no recession unfolds. While most stocks should see the benefit of lower rates, specific sectors, industries, and stocks are in better positions. Among them are small and mid-caps, viewed as more agile and able to make quicker shifts, consumer-orient ...

The sagging homebuilder stocks thrived last week following the release of several key measures of inflation data that came in soft. Since the beginning of 2022, the homebuilding industry has been reeling under the impact of rising mortgage rates and escalating building costs.In early May, mortgage rates soared to the highest level of the year, and despite decreasing slightly since then, they remain near 7%. This surge in borrowing costs has coincided with a steady climb in home prices. These factors have se ...

The housing market has faced headwinds in recent times, primarily due to the impact of rising interest rates. This surge in borrowing costs has slowed down homebuying activity, leading to a decline in homebuilder stock prices. However, recent economic indicators suggest a potential shift in the market that could benefit the homebuilding sector. The decline in inflation, as reflected in the Consumer Price Index (CPI), has fueled optimism about the Federal Reserve potentially lowering interest rates. This pot ...

Key TakeawaysHomebuilder stocks jumped after the milder-than-expected June inflation print fueled investors' hopes that the Federal Reserve will cut its influential fed funds rates this year.With a lower fed funds rate, all kinds of borrowing would be less expensive including mortgages. High mortgage rates have hindered potential homebuyers from entering the market by pushing up the monthly payment on already pricey houses. Homebuilder stocks jumped Thursday on hopes that mortgage rates will start to signi ...

Wall Street expects a year-over-year decline in earnings on lower revenues when D.R. Horton (DHI) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on July 18, 2024, might help the stock move higher if these key numbers are better than expectatio ...

Sales of new U.S. single-family homes slipped in May, marking the lowest level in six months, according to the U.S. Census Bureau’s latest report.New home sales — a leading housing market indicator based on signed contracts, not closings — decreased 11.3% to a seasonally adjusted annual rate of 619,000 units in May from April, according to the Commerce Department's report released on Jun 26, 2024. This was the steepest monthly decline since September 2022 and marks the lowest level since November. May’s sal ...