|Bid||40.98 x 21500|
|Ask||41.19 x 800|
|Day's Range||40.73 - 41.15|
|52 Week Range||30.56 - 41.90|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.32|
|Expense Ratio (net)||0.35%|
As the Fed's independence is questioned, what is the impact? Sri Kumar, Sri Kumar Global Strategies, and Art Hogan, National Securities, discuss.
'Million Dollar Listing LA' star David Parnes discusses the housing market and the outlook on house flipping with Yahoo Finance's Zack Guzman and Kristin Myers, along with Glenn Hall, Dow Jones Newswire Global Chief editor.
The author of 'Rich Dad Poor Dad' Robert Kiyosaki joins Yahoo Finance's Scott Gamm to discuss how to manage your money and his new book ‘Fake: Fake Money, Fake Teachers, Fake Assets: How Lies Are Making the Poor and Middle Class Poorer’.
The numbers: The National Association of Home Builders’ monthly confidence index rose one point to 63 in April, the trade group said Tuesday. What happened: The gauge of current sales conditions rose one point to 69, but the one that tracks expectations for the coming six months fell one point to 71.
It could be good vibrations ahead for homebuilder-focused exchange-traded funds (ETFs) after the National Association of Home Builders/Wells Fargo Housing Market Index rose a point during the month of ...
How Did Bed Bath & Beyond Fare in the Fourth Quarter?Fourth-quarter performance Bed Bath & Beyond (BBBY) posted fourth-quarter earnings after the market closed on April 10. The company posted adjusted EPS of $1.20 on revenues of $3.31
Home Depot Stock Up ~7.3% Since Last Earnings: More Upside Ahead?Stock performanceAs of April 5, Home Depot (HD) was trading at $202.06, a rise of 7.3% since its fourth-quarter earnings announcement on February 26. Also, the company was trading at a
Is There More Upside to Lowe’s Stock Price?Stock performance On March 28, Lowe’s (LOW) was trading at $108.35, a rise of 16.3% since the beginning of the year. The company has outperformed Home Depot (HD), which has risen 10.6% YTD
Could Williams-Sonoma Stock Continue to Rise?Stock performanceYesterday, Williams-Sonoma (WSM) was trading at $57.18, 27.0% higher than its 52-week low of $45.01 and 22.7% lower than its 52-week high of $73.99. The stock has risen 13.3% this
The 10-year benchmark Treasury yield fell on Wednesday, causing homebuilder exchange-traded funds (ETFs) to gain strength, such as the iShares US Home Construction ETF (ITB) and SPDR S&P Homebuilders ETF (XHB) . The 10-year note hit its lowest level since late 2017, causing fears of a global economic slowdown that caused the Dow Jones Industrial Average to fall as much as 200 points. Investors are honing in on the higher 3-month yield relative to the lower 10-year yield--a condition that causes an inverted yield curve--a possible signal of a forthcoming recession.
Shares of Lennar Corp. rallied 4.1% toward a six-month high in active afternoon trade Wednesday, as lower longer-term interest rates resulting from a weaker economic outlook and softer home prices combined to spark optimism ahead of the spring selling season. The stock initially fell as much as 1.9% in premarket trade after Lennar reported first-quarter earnings, revenue and deliveries that missed expectations, but the stock started rallying off the lows as investors appeared to focus more on new orders that rose more expected and average sales prices that fell, versus expectations of an increase. Executive Chairman Stuart Miller said on the post-earnings conference call that the housing market had slowed in the fourth-quarter because of rapid interest rate increases and higher home prices, made homes less affordable. But in the first quarter, as interest rates moderated and home-price appreciation stalled, "we clearly saw traffic and sales accelerate" through the quarter. "Accordingly, sequentially throughout the first quarter, we saw increased interest in new homes as part of an improving and stabilizing housing market," Miller said in a statement. CFRA analyst Kenneth Leon reiterated his hold rating, but raised his stock price target to $53 from $45. The stock has now run up 32.2% year to date, while the SPDR S&P Homebuilders ETF has climbed 18.5% and the S&P 500 has gained 11.8%.
Why Bed Bath & Beyond Stock Rose ~22% on March 26The announcement On March 26, Legion Partners Asset Management, Macellum Advisors, and Ancora Advisors, the three activist funds that together own a ~5% stake in Bed Bath & Beyond (BBBY),
Shares of Lennar Corp. fell 1.1% in premarket trade Wednesday, after the home builder reported fiscal first-quarter profit, revenue and deliveries that missed expectations, citing weather issues. Net income for the quarter to Feb. 28 rose to $239.9 million, or 74 cents a share, from $136.2 million, or 53 cents a share, in the year-ago period. The FactSet EPS consensus was 75 cents. Total revenue rose 30% to $3.87 billion but was below the FactSet consensus of $4.04 billion, as homebuilding revenue growth of 36% to $3.62 billion missed expectations of $3.81 billion. Deliveries increased 30% to 8,820 homes, below the FactSet consensus of 9,347, while the average price of home delivered rose 4.3% to $410,000 to beat expectations of $408,030. New orders increased 24% to 10,463 homes, topping the FactSet consensus of 9,972, while the average sales price fell 2.5% to $397,000 from $398,000, versus expectations of a rise to $399,350. Lennar's stock has soared 27.0% year to date through Tuesday, while the SPDR S&P Homebuilders ETF has rallied 17.5% and the S&P 500 has gained 12.4%.
The SPDR S&P Homebuilders ETF fell 0.5% in afternoon trade Tuesday, in the wake of disappointing housing data, ironically on the same day that a bullish "golden cross" chart pattern is set to appear. Of the ETF's 35 equity components, 25 were trading lower. Earlier, data showed that February housing starts dropped a more-than-expected 9% and home price growth slowed in January, to the slowest pace in 6 1/2 years. Meanwhile, a "golden cross" is when the 50-day moving average, a short-term trend guide, crosses above the 200-day moving average (DMA), a longer-term trend tracker. Many chart watcher believe the crosses mark the spot a short-term rally transforms into a longer-term uptrend. The homebuilders ETF's (XHB) 50-DMA currently extended to $37.377 while 200-DMA was at $37.370, according to FactSet. That would mark the first time the XHB's 50-DMA was above the 200-DMA since April 20, 2018, and be the first "golden cross" since Jan. 23, 2017. Among the XHB's more active components Tuesday, shares of D.R. Horton Inc. shed 2.0%, Lennar Corp. gave up 0.7%, Lowe's Companies Inc. slipped 0.1%, Home Depot Inc. declined 0.2% and PulteGroup Inc. lost 0.1%.
Housing stocks just keep rallying. After a 2018 sell-off that saw the SPDR S&P Homebuilders ETF (NYSEARCA:XHB) fall more than 25% off its highs, housing stocks have bounced back in early 2019 amid a series of fundamental and technical improvements. Year-to-date, the Homebuilders ETF is up nearly 20%.I've been bullish on this group of stocks for a few months now (see here and here). Coming into the year, I felt that there was nowhere for housing stocks to go besides up, and further thought that 2019 would be a breakout year for these beaten up stocks. So far, it's been just that. Now, the big question is: will this rally in housing stocks continue?I think so. I think housing stocks largely have 10% to 20%-plus upside remaining into the end of the year. If so, that would put housing stocks on track to have a 30%-plus up year in 2019.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Marijuana Stocks to Play the CBD Trend What are the drivers behind this big 2019 housing stock rally? Let's take a deeper look. Reasons to Buy Housing Stocks: They're Really Beaten UpSource: Grab Media Coming into the year, housing stocks were in major sell-off mode. The Homebuilders ETF was 25% off its highs, while many individual housing stocks were much deeper in the red. LGI Homes (NYSE:LGIH) fell as much as 50% off its highs in late 2018. KB Home (NYSE:KBH), Toll Brothers (NYSE:TOL), Lennar (NYSE:LEN) and PulteGroup (NYSE:PHM) all dropped 30%-plus.Such big sell-offs in housing stocks are usually buying opportunities. The last time you saw such a big downdraft in housing stocks was in early 2016. Before that, it was late 2011. Before that, the housing crisis. Each time, housing stocks proceeded to rebound from their big sell-off. This sell-off appears to be no different, with the bounce-back having already started. Valuations Are CheapSource: Shutterstock Even though housing stocks have broadly rallied 20%-plus in 2019, valuations across the board are still cheap. LGI Homes trades at under 8 times forward earnings. That seems to be about the norm for housing stocks these days. Alongside LGI Homes, home-builders KB Home, Toll Brothers, Lennar and PulteGroup all trade at single-digit forward P/E multiples. * 7 Beaten-Up Stocks to Buy as They Reverse Course Meanwhile, D.R. Horton (NYSE:DHI) trades narrowly above 10-forward earnings, and the most expensive home-building stock on my buy radar -- NVR (NYSE:NVR) -- trades at just 14 times forward earnings, and that's still below the market average forward multiple. Across the board, then, housing stocks are still really cheap. Housing Market Data Is ImprovingSource: Shutterstock Broadly speaking, U.S. housing market data has dramatically improved in 2019 after a slowdown in late 2018.After tumbling to their lowest level in two years in December, housing starts jumped back sharply by nearly 20% in January. Home-builder confidence has likewise bounced back, and is now at multi-month highs. Months supply of homes has dropped back below 7, signaling that the market isn't oversupplied and that demand remains steady.Overall, U.S. housing market data has improved significantly in early 2019. These improvements indicate that 2019 should be a better year for home-builders than most expected a few months ago, and that rosier-than-expected outlook should keep housing stocks on an uptrend. Mortgage Rates Are FallingSource: House Buy Fast via FlickrA big reason for the U.S. housing market turnaround is that financing costs for buying a home have dropped materially over the past few months.Specifically, the Federal Reserve has gone from "let's hike rates at all costs in 2018" to "let's go neutral in 2019," a sharp pivot which has caused a big and beneficial reversal in mortgage rates. In late 2018, 30-year fixed mortgage rates rose 50 basis points from 4.5% to nearly 5%. But, in early 2019, the 30-year fixed mortgage rate has dropped from 5%, to 4.3%. * 10 Stocks on the Rise Heading Into the Second Quarter That's a 70-basis-point drop in mortgage rates, which is significant. That 4.3% rate is also the lowest the 30-year fixed mortgage rate has been in over a year. As such, with financing costs low and only going lower, buyers should keep coming back into the market. The Job Market Is SolidSource: Samuel Mann via Flickr (Modified)For the most part, consumers don't buy houses unless they have jobs. They also don't buy houses unless they are getting raises. But, when consumers have jobs and are getting raises, they tend to buy houses.That's exactly what is happening right now. Recent jobs reports have confirmed that the U.S. labor market remains very healthy. Specifically, the unemployment rate remains at record low levels, wage growth is hitting decade-high levels, and inflation is relatively contained, so real wage growth is very strong.As such, Americans have jobs, and they are getting wealthier. So long as those things remain true, demand in the housing market will remain healthy. Home Ownership Rates Are LowSource: Shutterstock A largely underrated yet important fact about the U.S. housing market is that, despite a strong economy, home ownership rates remain relatively depressed.Specifically, the home ownership rate in the U.S. in the fourth quarter of 2018 was 64.8%. Back at its peak in 2004, home ownership rates were nearly 70%. Indeed, from 1995 to 2013, home ownership rates in the U.S. were consistently above 65%, or above where they are today.The implication is that the U.S. housing market has room to grow under the right circumstances. If the economy keeps firing on all cylinders, if Americans stay employed, if financing costs remain depressed, and if wages keep going up, then the U.S. home ownership rate will naturally make its way from below 65%, to nearly 70%. * 5 Cloud Stocks to Help Your Portfolio Fly That move higher will provide a nice tailwind for housing stocks. Millennials Are Finally Moving OutSource: ITU PicturesOne of the biggest narratives over the past decade has been that a surge in student debt has left recent college graduates both unable and unwilling to get a mortgage on a house. But, it appears that this narrative is finally changing course.Over the past decade, the number of 18-to-34-year-olds living with their parents has been consistently on the rise, and hit 32% in 2016, versus a long term average of 28%. But, in 2017, that figure dropped to 31.5%, the first drop in several years.If this trend reversal persists (and it should under the right circumstances), then demand in the housing market will naturally move higher over the next several quarters and years as Millennial buyers finally enter the market. As they do, depressed housing stocks should stay on a healthy recovery path.As of this writing, Luke Lango was long XHB, LGIH, KBH and TOL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dual-Class Stocks That Will Outperform * 7 Reasons Why Apple Streaming Won't Move the Needle for Apple Stock * 7 A-Rated Stocks to Buy in the Second Quarter Compare Brokers The post 7 Reasons to Buy Housing Stocks in 2019 appeared first on InvestorPlace.
Will RH’s Q4 Earnings Meet Analysts’ Expectations?Stock performance RH (RH) is scheduled to post its fiscal 2018 fourth-quarter earnings results after the market closes on March 28. As of March 25, the company was trading at $133.67, a rise of
Sales of previously-owned homes surged back, leaving forecasts in the dust, reaffirming strong demand for housing amid familiar headwinds.
Williams-Sonoma Beats Analysts’ Fourth-Quarter EstimatesFourth-quarter performance Williams-Sonoma (WSM) released its fourth-quarter results after markets closed yesterday. During the quarter, the company’s adjusted EPS grew 25% YoY
Williams-Sonoma’s Fourth-Quarter Earnings: What to ExpectStock performanceWilliams-Sonoma (WSM) is scheduled to post its fourth-quarter results after the market closes on March 20. As of March 13, the company was trading at $56.99, which
RH Stock Up ~20% in 2019: Is There More Upside?Stock priceAs of March 7, RH (RH), formerly known as Restoration Hardware, was trading at $144.61, which represents a rise of 20.7% since the beginning of 2019. Also, the company was trading 94.1%
Can Home Depot and Lowe’s Stock Price Momentum Continue?Home improvement sector Last year, home improvement retailers had a tough time. The SPDR S&P Homebuilders ETF (XHB) had fallen 26.5%. The higher interest rate, a weak housing market, and
Investors seeking to tap the solid trend in the homebuilder space could look at the three ETFs that make for a more compelling choice rather than a single stock.