27.98 0.00 (0.00%)
After hours: 5:15PM EDT
|Bid||27.37 x 1100|
|Ask||28.35 x 800|
|Day's Range||27.25 - 28.15|
|52 Week Range||16.82 - 28.15|
|Beta (3Y Monthly)||1.24|
|PE Ratio (TTM)||11.09|
|Earnings Date||Sep 23, 2019 - Sep 27, 2019|
|Forward Dividend & Yield||0.36 (1.34%)|
|1y Target Est||29.38|
As tensions continue between the U.S. and China, the U.S. housing market remains stable. A new research by Credit Suisse shows it could even possibly help ward off a recession. "Confidence is good and when rates are low, it makes buyers feel like they should purchase..." Bess Freedman, CEO of Brown Harris Stevens, goes on to tell Yahoo Finance's YFi AM "I think millennials are looking for value and sellers have adjusted prices, so that's making buyers and sellers have a meeting of the minds."
Meritage Homes' (MTH) focus on entry-level and first-time buyers bodes well. Yet, higher expenses and lower ASP remain causes of concern.
GW Pharmaceuticals, NetApp, KB Home, PulteGroup, M/I Homes, Lennar and Toll Brothers highlighted as Zacks Bull and Bear of the Day
SunTrust analyst Rohit Seth initiated coverage of home builders, saying demographic, economic, and monetary-policy trends should support the sector.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
D.R. Horton beats overall while many other homebuilding companies come up with upbeat results. This along with likely Fed rate cut bode well for housing ETFs.
Since 1990, on average, the S&P 500 has gained 0.16% on the day of a 25-basis-point cut. And the broader benchmark advanced 0.34%, 3.67% and 5.64%, respectively, one month, three months and six months later.
Fed is widely expected to trim the fed funds rate range by a quarter points this month on sluggish inflation and trade wars' impact on businesses.
KB Home (NYSE:KBH) is about to trade ex-dividend in the next 4 days. You can purchase shares before the 31st of July...
U.S. existing home sales for June was under pressure while new home sales showed some improvement. Despite this, home building ETFs have been on a tear on upbeat corporate earnings and chances of a Fed rate cut in the near term.