|Bid||51.64 x 2900|
|Ask||51.65 x 800|
|Day's Range||50.87 - 51.74|
|52 Week Range||32.39 - 51.74|
|Beta (3Y Monthly)||1.03|
|PE Ratio (TTM)||12.39|
|Forward Dividend & Yield||0.60 (1.18%)|
|1y Target Est||N/A|
Nobel Prize-winning economist Robert Shiller says housing lessons learned from the Great Recession might be losing their effect.
The recent data from home builders is quite promising and therefore investing in these five stocks from the industry can boost your portfolio.
The SPDR S&P Homebuilders exchange-traded fund (XHB), which also includes companies that supply building-products and home-furnishing, has outperformed the broader market, rising 34% this year versus the S&P 500’s 19.5% return. D.R. Horton Inc. (DHI) and Beazer Homes USA Inc. (BZH) have gained well over 40%, while LGI Homes (LGIH) is up near 80% and KB Home (KBH) has advanced 63% in 2019. The Fed further bolstered the rate-sensitive industry on Wednesday, at least for the short term, by announcing more rate cuts.
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. To keep it practical...
More than 24,000 square feet of the 34,206-square-foot Lakeview at Mendenhall Oaks Business Park in High Point has been sold with a letter of intent on another 5,200 square feet, according to Spencer Bennett of Meridian Realty Group in Winston-Salem. Will Stevens' Penn Properties and Penn Construction have developed and built Lakeview, which sits along Davis Lake at 4150 Mendenhall Oaks Parkway, across from Creative Snacks. Four of Lakeview's five buildings are in the upfitting process.
Taylor Morrison (TMHC) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Plunging U.S. interest rates this year have fired up momentum stocks, which have dramatically outperformed stocks that are driven soley by fundamentals. Instead, investors seeking big gains might look at stocks with two characteristics: they are inexpensive and also show recent price momentum. McKesson's, AT&T, and D.R. Horton's foreword PE are 9.3, 10.3 and 10.9, respectively, per Yahoo Finance, dramatically below the S&P 500, which traded at around 16.7 at the end of last week.
U.S. interest rates are headed from low to lower, and momentum stocks are again racing past cheap ones. An investor who put money into the 10 best three-month performers in the S&P 500 index at the end of last year is up 32% so far this year. When momentum stops working, investors can find themselves loaded up on expensive shares or sector bets.
According to the financial media talking heads, the sky is falling because key interest rates are falling. But that's just not the case. Yes, rates have continued to collapse around the world, as China devalued its currency and the pound and euro are weak ahead of the October Brexit. So, money is still sloshing around and finding its way to the U.S.Source: Shutterstock The truth of the matter is that we remain in a very positive environment for stocks right now, as the U.S. remains the oasis around the world.Now, the falling interest rates are affecting all corners of the stock market, so, today, we're going to take a look at how they're impacting the housing market -- and what's the right way to play that, as investors.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHome sales have turned up after 18 months of trending lower. This isn't surprising, as mortgage rates are lower per month when interest rates are lower. So, this helps with housing affordability. Basically, more people can qualify for mortgages based on their income to debt ratio. And the lower the rates, the more homes are going to sell because they're more affordable.Every home requires upkeep (if you own a home, then you know exactly what I mean!), and The Home Depot (NYSE:HD) is the place to go for supplies, whether you're a contractor or a do-it-yourselfer. And that was very evident in the company's most-recent quarter.For the second quarter of fiscal year 2019, HD topped analysts' estimates. On overall earnings of $3.5 billion for the second-quarter, earnings per share increased 3.9% year-over-year to $3.17, up from $3.05 per share in the same quarter a year ago. The consensus estimate called for earnings of $3.08 per share, so Home Depot posted a 2.9% earnings surprise.Looking forward, company management expects sales to grow 2.3% year-over-year, which is below current analyst forecasts for 2.8% annual sales growth. The company also reaffirmed its earnings guidance, as it looks for earnings per share of $10.03. That's up from earnings of $9.89 per share in 2018.Now, heading into its earnings report, HD had earned a "C" for its Total Grade. However, as you can see below, the stock was upgraded to a "B" post-earnings.Following the quarterly report, buying pressure increased, boosting the stock to new 52-week highs. In fact, it hit more 52-week highs this week. Clearly, the "smart money" is still very much interested in this stock. That's also reflected in HD's strong Quantitative Grade-the most important variable in my stock grading formula. It's ultimately why I recommended it to my Growth Investor subscribers as a High-Growth stock.One such company is Dr. Horton, Inc. (NYSE:DHI), which as a homebuilder seems to be benefiting from the low interest rate environment. After all, at times when a mortgage costs less to obtain for the same house, more people will take the leap.That being said, in this battle of housing stocks, we can't forget about the homebuilders! Because there's a rising demand for homes, more are being built, too. There are plenty of folks who are getting older and downsizing, but they want homes with easy upkeep. So, they turn to the new models.So, against that landscape, let's see how THIS particular homebuilder is looking. For the company's fiscal third-quarter earnings report on July 30, DHI announced earnings of $1.26 per share on 10.6% year-over-year increase to $4.9 billion in revenue. This topped expected earnings of $1.07 per share on $4.5 billion in revenue. So, the company posted a 17.6% earnings surprise and an 8.9% sales surprise.For a fuller picture, here's how DHI stacks up in Portfolio Grader.Both its Fundamental and Quantitative Grades are B-rated, which isn't surprising given the solid earnings report and recent momentum. On August 22, DHI hit a new 52-week high of $50.64, and the shares traded less than a dollar from that level this past week.That's pretty impressive given the market selloff we've been facing. While good stocks like HD and DHI can't entirely avoid market selloffs, they do tend to bounce back quickly and with force. As you can see in the one-month chart below, even at a time when the S&P 500 is down roughly 3%, DHI is UP 4.6%, while HD is up a good 11.9%!Like D.R. Horton, Home Depot just hit new 52-week highs.While both stocks are B-rated in Portfolio Grader, I believe HD will be the winner over the long term. Over the years, Home Depot has become the world's biggest home improvement retailer, and it offers over one million products in its more than 2,000 stores across the U.S., Canada and Mexico for DIY shoppers, professional contractors and others.The good news is that the "smart money" on Wall Street knows this -- and is showing a clear preference for "Bulletproof" stocks like this one. They've already tipped their cards by pouring their capital in. And the buying pressure that results from this is exactly what my Portfolio Grader system is designed to spot!There's Another Factor At Work Here, TooHaving spent time on Wall Street, these big institutional investors quickly learn that you need dividends to grow a portfolio over time, and I think that's another reason for this clear preference. The income really helps smooth over the rough patches.Dividend growth stocks are especially important today - when the global bond market is just going haywire. And even the 30-year Treasury can't be relied upon for good yield anymore. Recently, its yield dropped below 2% for the first time ever!So -- whether you're managing big institutional cash, or your own portfolio - you're going to need what I call the Money Magnets.Not only did these stocks earn an A in my Portfolio Grader, thanks to strong buying pressure and great fundamentals …The stocks also earn an A in my Dividend Grader. These stocks are able to pay great yields - and have the strong business model to back it up!All in all, I've got 27 strong dividend growth stocks for you, almost all of which yield more than the S&P 500. These stocks are poised to do well as we continue to see international capital flow to the U.S. markets. Click here to see how I found these stocks, and how you can get great performance out of YOUR portfolio -- come what may.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 "Boring" Stocks With Exciting Prospects * 15 Cybersecurity Stocks to Watch as the Industry Heats Up * 5 Healthcare Stocks to Buy for Healthy Dividends The post Housing Stocks: What's the Best Play Now? appeared first on InvestorPlace.