3 Homebuilding Stocks to Keep an Eye On
DHID.R. Horton(DHI) Schaeffers Investment Research·2024-06-13 00:44

May's cooler-than-expected consumer price index (CPI) on a year-over-year basis is pushing bond yields lower, and the prospects of an interest rate cut in September are increasing. Homebuilding stocks -- hyper sensitive to rates and the U.S. economy -- are on the rise today. Here's what it means for three sector stalwarts: D. R. Horton Inc (NYSE:DHI), PulteGroup Inc (NYSE:PHM), and Lennar Corp (NYSE:LEN). KBH Home (KBH) was covered in depth earlier this week, with a correctly identified bullish signal. DHI ...