nysedhi
ValueWalk
As dubious as the signals within the housing market, stocks like DR Horton (NYSE:DHI) have been rallying to new highs. The rally is driven by outperformance in the face of rising rates and falling mortgage demand, and it may continue. The Q3 report is more of the same strength, but there is a caveat. Key Points DR Horton had a blowout quarter, but shares fell more than 4.0%.The pace of new orders increased but was insufficient to offset the decline in earlier quarters.Analysts have supported the rally but the stock looks overbought and overpriced.5 stocks we like better than DR HortonFind A Qu...
ValueWalk
Lennar beat Q4 expectations but the stock is moving lower because of guidance.The outlook points to a sharp contraction in the home-building industry.This is bad news in the near term but sets up an opportunity for later in 2023.Lennar Corporation (NYSE:LEN) has a lineup is on the higher end of the housing spectrum. Its balance sheet is in the best shape it has been in for years. The problem is not the supply-demand situation because that remains firmly in favor of all the homebuilders. The problem is in the near to midterm outlook which is deteriorating quickly. Q3 2022 hedge fund letters, co...
ValueWalk
D R Horton shares are up on a knee-jerk reaction to inflation data.The company had a decent Q4 but the outlook is dimming.Falling sales and backlog point to a weak year in 2023.If you are wondering why shares of D R Horton (NYSE:DHI) stock shot up more than 10% in the wake of the Q4 results it wasn’t because of the results. The stock shot up more than 10% on a knee-jerk reaction to some news that is, ultimately, bad news for D R Horton. That news? The CPI for October. It came in below expectations and showed what the media calls cooling but is really a slowing of growth. Q3 2022 hedge fund let...
ValueWalk
Dear fellow investors, We marveled for years listening to Sir John Templeton talk about the stock market. His best advice was shared during the most difficult stock market environments of the 1980s, 1990s, and 2000s on “Wall Street Week” with Louis Rukeyser. Q2 2022 hedge fund letters, conferences and more Templeton edict No. 1“Bull markets follow Bear markets and Bear Markets follow Bull markets!” John was invested for decades and believed in getting rich slowly. He understood that you were going to get much better long-term performance by being optimistic in bear markets and cautious in bull...
ValueWalk
For long-term investors, portfolio management is a marathon and not a sprint. There are plenty of near-term distractions and hurdles along the way, but ultimately the focus is kept on a finish line several years if not decades ahead. It only makes sense then to surround yourself with companies that are built for the long haul. Ones that aren’t trying to capitalize on fleeting trends but that have long-term visions for achieving growth and shareholder value. Q4 2021 hedge fund letters, conferences and more Corporations that put themselves in the best position to succeed often have the strongest...
ValueWalk
Companies in the homebuilding industry include companies that primarily develop single-family new homes, as well as offer financing and remodeling activities. Prior to the coronavirus pandemic, the industry was performing well owing to rising per capita disposable income, improving macroeconomic conditions and accommodative interest rates. The industry is now again starting to pick up, making it a good investment opportunity. Let’s take a look at the ten biggest homebuilders companies. Q3 2021 hedge fund letters, conferences and more Ten Biggest Homebuilders CompaniesTo rank the ten biggest ho...
ValueWalk
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