|Bid||0.00 x 800|
|Ask||0.00 x 1000|
|Day's Range||46.05 - 47.89|
|52 Week Range||20.41 - 60.51|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||3.38|
|Expense Ratio (net)||0.99%|
The Trump administration's policies of increased tariffs on steel, aluminum and Canadian lumber as well as tougher immigration rules (especially pertaining to Mexico) could hurt homebuilding ETFs.
Traders may want to keep an eye on the attitudes of millennials when it comes to owning versus renting, which could influence the Direxion Daily Homebuilders and Supplies Bull 3X Shares (NAIL) . This pushed rents up an average of 3% nationally to $1,390 per month, according to RealPage, a real estate software and analytics company. “Demand is proving especially strong in this year’s primary leasing season,” said RealPage’s chief economist, Greg Willett.
The Wall Street logged in the strongest performance in more than a decade for the first half of the year. We have highlighted nine leveraged equity ETFs that piled up more than 60% returns in the first half.
Prior to the subprime mortgage crisis, countless would-be investors and flippers purchased millions of distressed homes, turning some of them into lucrative rentals. What was once a novelty became and movement, filled with television shows and Instagram posts, as people scrambled to become house flippers, calling themselves investors. Foreclosures, however, are now few and far between. Distressed properties, which include foreclosures and short sales, compose just 2% of home sales today, off from a high of 49% in March 2009, according to the National Association of Realtors.
Thus far this year, NAIL is up a whopping 68 percent and is looking to build more gains in the future if the housing market happens to stay immune from the trade war news. "Amid the hand wringing over whether the U.S. and China are coming closer together or further apart on a trade deal, a dark horse has emerged in sector investing that seems immune to the cyclic boom and bust of this headline-driven market--that underdog is homebuilders," a Direxion Investments post noted. NAIL seeks daily investment results equal to 300% of the daily performance of the Dow Jones U.S. Select Home Construction Index.
Volatility and uncertainty has resulted in a strong demand for leveraged and inverse-leveraged ETFs as these could fetch outsized returns on quick market turns in a short span.
KB Home (KBH) was upgraded to 'outperform' from 'sector perform' at RBC Capital Markets and the firm increased its price target on the homebuilder by $5 to $30. As a result, KB Home shares rose 2.5% to $27.47 in trading Thursday. KBH is just one of the stocks that may signal a trend in improving homebuilder stocks.
Someone forgot to tell the Direxion Daily Homebuilders and Supplies Bull and Bear 3X Shares (NAIL) ETF that trade wars are racking markets. Thus far this year, NAIL is up a whopping 93.54 percent and is looking to build more gains in the future if the housing market happens to stay immune from the trade war news. With trade wars lingering, this could put a damper on consumer confidence and in turn, affect the purchase of homes.
Equipment manufacturer Caterpillar reported better-than-expected first-quarter earnings on Wednesday, which could inspire homebuilder exchange-traded funds (ETFs) in what’s been a challenging environment ...
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 ...
As the first quarter of 2019 has come to a close, these 10 ETFs and ETNs have led this investment category in gains for the first three months of this year. As you can see from the list, exchange traded products tied to the price of oil were among the top performers, as crude prices surged on production cuts.
Although markets were strong throughout much of 2018, horrendous performance in December ended up dragging U.S. stocks into the red overall for the year. Indeed, the S&P 500 ultimately lost 4.4% for the year, marking its most significant single-year loss since the financial crisis of 2008.
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.
One of this year's most impressive redemption stories on Wall Street is that of the homebuilders. After plunging nearly 31 percent last year, the Dow Jones U.S. Select Home Construction Index is higher ...
We have highlighted six leveraged ETFs that have piled up exceptional returns in the first month of 2019 given that Wall Street made a sharp turnaround, posting the best month in many decades.
We have highlighted nine ETFs that have piled up exceptional returns to start 2019 and will continue to be investors' darlings provided the sentiments remain the same.
A deadly combination of rising rates and low affordability continues to pound the housing industry, including homebuilders and homebuilder-focused exchange-traded funds (ETFs) alike, such as the Direxion ...
Homebuilders exchange traded funds are among this year's most downtrodden industry funds. The SPDR S&P Homebuilders ETF (XHB) is down more than 23% year-to-date, but some traders have recently scooping up shares of the equal-weight homebuilders fund. Some recent encouraging data points facilitated a rally in homebuilder ETFs.
Shares of home improvement retailers and homebuilders equities tumbled Wednesday after another analyst downgraded the sector, weighing on the related exchange traded funds in the process. Credit Suisse’s ...
The United States’ economy has been firing on all cylinders for a while now, which has led to very strong gains for its major stock indices. While the major indices have been hovering around all-time highs, leading indicators—including semiconductors, financials, and homebuilders—have been showing some weakness, to say the least. The Daily Semiconductor Bull 3X Shares (SOXL), Daily Financial Bull 3X Shares (FAS), and Daily Homebuilders & Supplies Bull 3X Shares (NAIL) have quickly turned from market darlings to market duds, and the pain may only be getting started.