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iShares U.S. Home Construction ETF (ITB)

BATS - BATS Real Time Price. Currency in USD
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52.37-1.38 (-2.57%)
At close: 04:00PM EDT
52.37 0.00 (0.00%)
After hours: 04:23PM EDT
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  • H
    Hunt
    Homebuilder stocks are significantly undervalued. Extremely low PE and PB ratios in comparison to every other sector in the US when these builders are some of the most profitable. There is still a bad taste in investors' mouths after the great recession, which is why there is much overreaction with the interest rate hikes. Builders will likely see some slow in demand because of the sticker price shock of interest rates by buyers and this may cause home values to slump in the short term, but not enough to justify ITB's ~40% selloff from its ATH. Even after the fed's latest rate hike of 0.75%, mortgage rates are historically low and single family supply remains at low levels.
  • C
    CBee
    MASSIVE order are coming in at the close, huge volume. Large institutions on the move again🤑🚀☀️
  • I
    Isiah
    Eleven analysts who offered stock ratings for D.R. Horton in the last three months forecast the average price in 12 months of $98.00 with a high forecast of $108.00 and a low forecast of $85.00. Of those 11 analysts, ten rated “Buy”, one rated “Hold” while none rated “Sell”, according to Tipranks.
    Several other analysts have also updated their stock outlook. Citigroup raised the price target to $109 from $92. D.R. Horton had its price objective boosted by stock analysts at KeyCorp to $98 from $90. The brokerage currently has an “overweight” rating. Barclays raised their price target to $95 from $81 and gave the company an “overweight” rating. BTIG Research raised their price target to $108 from $98 and gave the company a “buy” rating.
    Moreover, Wolfe Research issued a $94.00 price target on the stock. JPMorgan Chase & Co. upgraded D.R. Horton from a “neutral” rating to an “overweight” rating.

    Source: FX Empire
  • H
    Hrdwkgdog
    Looking for Spam ?
    You came to the right board!
  • P
    PC
    Whats going on here in lat month or so?? I don't get it with all the building going on. Sure prices are higher and there is a shortage of supplies but they appear to be building everywhere and people fixing up their homes...
  • G
    Greg
    dwn 13% ytd
  • T
    TankerBro
    $MHO conversation
    $MHO $HOV $LEN $PHM $ITB Today's report on pending home sales -4% is buying opportunity.
    Historically, buyers have always held off to re-calculate for a month when interest rates go higher really quickly, then they come back and buy at a little lower price to make their payment the same. But reality is also involved --the inventory is next to ZERO -- waiting lists from every builder. This "correction" will be quick and shallow and then we are off to the races very quickly. SPRING is HERE! Folks have to move before school starts, etc. The time to buy these home builder stocks is NOW! Don't wait for this "head fake" to be realized or you will have serious FOMO.
    Bullish
  • M
    Magnanimous
    The selling begins. Margin Calls will cascade the safe heaven bubble #GLD #TLT #ITB #VXX
  • M
    Michael
    homebuilders going up
  • A
    Anonymous
    Fed purchased so much mortgage backed security. The purchase is unnecessary. It pushed the house prices high. If Fed stops the purchase soon, builder stocks will suffer greatly.
  • S
    Son of Kong
    PS. I really love the chart on ITB. MACD and RSI both very Bullish!!
  • N
    Nick
    The iShares U.S. Home Construction ETF (NYSEARCA:ITB) has been under sharp selling pressure since peaking in late January 2018. At that time, the equity traded as high as $46.56 a share, today the ITB trades at $30.83 a share. The current pattern on the charts is still weak and this could indicate a bit more downside before a solid low is formed. When I look back on the larger time-frame charts there should be good support around the $28.00 level. This support area is where the ITB consolidated in 2015 and 2016 before breaking out. Often, when an equity will back test a prior consolidation base it will serve as excellent chart support.
  • L
    Longway
    DOWN ~30% YOY
  • P
    Paul
    Building houses on farm land in north Texas they won’t stop building where are the people coming from? Where did they get there money!! ( Mexico’s are working 6 days a week, still hiring😳😊💰💰) BUT YOU DON’T SEE YOUNG BLACK MEN WORKING🧐, WHERE ARE THEY GETTING MONEY.
  • J
    Joe
    ITB is back with style.
    It seems a lot of houses will be sold and built very shortly.
  • M
    Michael
    beautiful 1yr chart
  • S
    Son of Kong
    ITB stock hit hard again today on slowing Home Sales. Looks like we are heading down to at least 35 and change!!
  • S
    Son of Kong
    Well, have to admit, the chart has now lost "Its Bullish Feelin", after Uncle Powell (Fed Chief), spoke about possible 4 interest rate hikes this year. Its INSANE that wooosy traders on Wall Street would get upset about one more, lousy, stinking, measly, 1/4 point hike in interest rates!!
  • R
    Robert
    Hopefully now with no interest increases til 2023, lower lumber prices, pent up demand, we should be able to run again.
    Bullish
  • P
    Paul
    Poor people loss there jobs🙄 rich people don’t need a job, BUT MOST PEOPLE THAT PURCHASE A NEW HOME ARE IN THE MIDDLE (MIDDLE CLASS) THATS WHERE THE MONEY.💵 is if their working from home and Need a study (home office) Three care garage, WiFi. Lower Utility. New homes built in Central Texas 3400 sq ft summer elective bill 94 Dollars average 😳!! Could be 102 to 104 out side. (google new home builders in Texas get # call and talk🤔🧐🙄!,,,just do it.
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