|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||25.88 - 28.80|
|52 Week Range||23.93 - 110.62|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||4.29|
|Expense Ratio (net)||1.02%|
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.
In a bull market that has lasted as long as the current one, spotting laggards becomes increasingly easy. Homebuilding stocks and exchange-traded funds are among those laggards.
A rising rate landscape continues to rock the foundations of the real estate sector, particularly when it comes to homebuilders, which could benefit the Direxion Daily MSCI Real Est Bear 3X ETF (DRV) , but put persistent downward pressure on the Direxion Daily Homebuilders and Supplies Bull 3X Shares (NAIL) . With 30-year mortgage rates already surpassing the 5% mark, the cost to finance a home is getting more expensive, clamping down a housing market that has been lagging even as U.S. equities were in the midst of a historic bull run. Compounding the issue is the benchmark U.S. Treasury yield on the 10-year note reaching a new seven-year high.
Exchange traded funds with exposure to residential home construction, including the SPDR S&P Homebuilders ETF (NYSEArca: XHB) and the iShares U.S. Home Construction ETF (NYSEArca: ITB), are struggling ...
Based on the Modern Homebuyer Survey, almost half of the participants cited that the competition for home buying is decreasing, which could bode well for traders looking to leverage homebuilder ETFs like the Direxion Daily Homebuilders and Supplies Bull and Bear 3X Shares (NAIL) . The survey results showed that more than 50% of participants felt competition is thinning in areas like Colorado, California and New York. This could signal an impending shift from a seller's market to a buyer's market, which could force the hand of homebuilders to meet increased demand.
The decision on Wednesday by the Federal Reserve to raise interest rates 25 basis points, effectively raising the federal funds rate from 1.75% to 2%, did not bode well for homebuilder ETFs after the news. ...
The momentum that Wall Street enjoyed last month continues into June. This is especially true as Dow Jones recorded its biggest weekly gain since March to start the month, while S&P 500 and Nasdaq logged their third straight weekly gain. The Dow jumped 2.8% last week while the S&P 500 and the Nasdaq added 1.6% and 1.2%, respectively.Source: Shutterstock
Yee-haw! If you’re a Cowboy-type investor, then you’re probably looking to ride this crazy bull market till you get tossed. That’s my ridiculous way of saying that this bull market continues to blaze along, despite it being very long in the tooth. It is the second most expensive market in history, and is about 30% overvalued.
The number of building permits issued each month is a constituent of the Conference Board LEI (Leading Economic Index). The construction and housing industry (PKB) is a major job provider in the economy,…...
Over the past several, homebuilders stocks and the related exchange traded funds have been surging. That theme has spelled good news for the Direxion Daily Homebuilders & Supplies 3x Bull Shares (NYSEArca: ...