|Bid||45.60 x 2900|
|Ask||45.66 x 3100|
|Day's Range||45.59 - 46.21|
|52 Week Range||30.56 - 46.48|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||41.46%|
|Beta (3Y Monthly)||1.21|
|Expense Ratio (net)||0.35%|
The 20-story "Collective Canary Wharf" boasts 705 rooms, a sky pool and even includes a hangover IV treatment center. Yahoo Finance's Zack Guzman & Brian Cheung discuss.
More investors are turning to gold as global tensions escalate further, causing more market uncertainty. Dave Nadig, Managing Director at ETF.com, joins Akiko Fujita on The Ticker to discuss some of the best ETFs to invest in to ride out 2019.
Prominent housing stocks put up an impressive show in the recently-reported quarter. The industry players, with solid Zacks Ranks, hold potential despite subdued home sales.
The latest spike in long-term bond yields may be negative for housing ETFs, but gradual adoption of technology in the space could prove to be a shot in the arm.
Shares of D.R. Horton Inc. were indicated up about 1.6% in premarket trading Tuesday, after the home builder reported fiscal fourth-quarter results that beat expectations and provided and upbeat outlook. Net income rose to $505.3 million, or $1.35 a share, from $466.1 million, or $1.22 a share, in the same period a year ago. The FactSet EPS consensus was $1.25. Revenue grew 11.7% to $5.04 billion, above the FactSet consensus of $4.83 billion. Homes closed rose 9% to 16,024 homes, above expectations of 15,840, while the value of closed homes increased 10% to $4.8 billion. Net sales orders increased 14% to 13,130 homes, beating expectations of 12,450, and the value of sales orders grew 16% to $4.0 billion. For fiscal 2020, the company expects revenue of $18.5 billion to $19.0 billion, above the FactSet consensus of $18.4 billion. The stock has rallied 12.1% over the past three months, while the SPDR S&P Homebuilders ETF has climbed 12.4% and the S&P 500 has gained 7.1%.
Up 40.56% year-to-date, the SPDR S&P Homebuilders ETF (NYSEArca: XHB) is among 2019’s best-performing non-leveraged ETFs, but investors should not assume that XHB’s bullishness is exhausted. Backed by ...
The home of California’s tech hub of Silicon Valley, Santa Clara County, is seeing the startling impact of the homelessness crisis. In the past two years, the homeless population has increased by 31%, according to a 2019 homeless count from the county.
Homebuilder stocks and sector ETFs are building up as U.S. construction spending rose more than expected and investment in home construction hit its highest level in nine months.
While the economic data scene has recently been mixed, there's no debating the point that homebuilders stocks and the related exchange traded funds are soaring this year. For example, the SPDR S&P Homebuilders ETF (NYSE: XHB) is higher by nearly 42% this year.
Homebuilder stocks and sector ETFs are building up as U.S. construction spending rose more than expected and investment in home construction hit its highest level in nine months. On Friday, the SPDR S&P ...
Shares of home builders were broadly higher Friday, after lumber products seller Weyerhaeuser Co. gave an upbeat outlook on the housing market, even though the company reported third-quarter profit and sales that missed expectations. The SPDR S&P Homebuilders ETF rose 1% in afternoon trading, putting it on track to close at a 21-month high, with 22 of 35 components trading higher. "Entering the fourth quarter, our builder customers tell us their demand continues to improve and they intend to maintain strong building activity until winter weather no longer permits," said Weyerhaeuser Chief Executive Devin Stockfish on the post-earnings conference call with analysts, according to a FactSet transcript. "Going into next year, we continue to anticipate increasing momentum in the single-family housing market and a modest growth trajectory for US housing." Separately, Weyerhaeuser reported third-quarter net income of $99 million, or 13 cents a share--8 cents on an adjusted basis--down from $255 million, or 34 cents a share, a year ago, as revenue fell 12.5% to $1.67 billion. That missed consensus analyst estimates for adjusted EPS of 10 cents and revenue of $1.68 billion, according to FactSet. Weyerhaeuser's stock, which rose 0.2% in afternoon trading, has run up 33.6% year to date, while the homebuilders ETF has climbed 42.0% and the S&P 500 has advanced 20.7%.
Caterpillar disappointed investors in Wednesday’s trading session as the construction equipment manufacturer missed analysts’ expectations for its third-quarter earnings results and lowered its forecast for the rest of the year. This kept ETF investors who were looking for signs of construction strength translating to real estate strength at bay. The company also lowered its full-year earnings per share forecast to a range of $10.59 and $11.09 from $12.06 and $13.06 a share.
Shares of PulteGroup Inc. surged 3.1% toward a 13-year high in afternoon trading Tuesday, after the home builder reported third-quarter profit that fell less than expected, while revenue surprisingly increased. The number of homes delivered during the quarter increased, compared with expectations of a decline, while the number of new orders increased more than expected. On the post-earning conference call with analysts, Chief Executive Ryan Marshall said that while overall U.S. housing demand has been supported by an ongoing economic expansion, "the catalyst for the most recent rise in housing demand has likely been the decline in interest rates" and the impact that has had on affordability. The average interest rate for a 30-year fixed rate mortgage was 3.69% for the week ended Dec. 17, according to Freddie Mac , down from 4.85% around the same time a year ago. The average sales price of homes increased 3% to $491,000, while prices of first-time homes decreased 6% to $340,000, reflecting Pulte's effort to increase entry-level exposure. It worked, as orders from first-time buyers increased 39%. The stock, on track to close at the highest level since April 2006, has soared 51.5% year to date, while the SPDR S&P Homebuilders ETF has rallied 40.5% and the S&P 500 has gained 19.9%.
Stocks in the sector tend to bottom in the fall and then rally through the end of April—the ‘golden six months,’ a Fundstrat analyst says.
A large jump in interest rates last year, combined with all-time high home prices has made finding a house for new home buyers particularly onerous. Roughly two years ago housing inventory hit a record low, but languishing home sales over the past year helped build back much-needed supply, especially in the mid-level range. Then this summer a precipitous drop in interest rates brought demand back and has eaten up that supply dramatically. According to realtor.com, national housing inventory fell 2.5% annually in September, a sharper drop than August’s 1.8% decrease.
The iShares U.S. Home Construction ETF (CBOE:ITB) is up a jaw-dropping 44.47% year-to-date, but even with that stellar performance, some traders believe ITB has more upside ahead of it and the catalysts are there to justify that assertion. “The ITB home construction ETF hit its highest level since January 2018 on Friday, and has soared more than 50% from its December bottom,” reports CNBC. Last year, rising interest rates and low affordability put a thorn in the side of homebuilders and the real estate sector in general.
Susquehanna analyst Jack Micenko lowered his rating to Neutral from Positive, while maintaining a $42 price target. He writes that the call is largely based on valuation.