Tri Pointe (TPH) Moves 5.9% Higher: Will This Strength Last?

Tri Pointe Homes (TPH) shares ended the last trading session 5.9% higher at $44.41. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 10.7% gain over the past four weeks. The stock might have got a boost on the expectation of potential interest rate cut in September, per the CME FedWatch tool. This home builder is expected to post quarterly earnings of $1.03 per share in its upcoming report, which represents a year-o ...