Homebuilders historically outperform after early declines, KeyBanc says in upgrade
It's time to buy D.R. Horton, Lennar and other homebuilders as the housing market is due for a comeback, according to KeyBanc Capital Markets. Analyst Kenneth Zener double upgraded the homebuilding sector to overweight from underweight, saying history points to higher prices after declines this year, which came amid slowing demand and rising mortgage rates. "On balance, we see fundamental and rate pressure persisting, but positive relative performance, supporting our upgrades ...
Horton, Lennar, Meritage, Pulte and TopBuild were raised to overweight , while KB Home and Toll Brothers were raised to sector weight. The analyst pointed to data going back to 1963 showing that the relationship between homebuilders and the S & P 500 now offers relative risk to reward. Over the past 19 economic cycles, "Builders fell 41% with those same cycles' recoveries offering 194% upside ," Zener wrote in a Friday note.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
EUR/USD Forecast: Euro bears regain control following correctionAfter having managed to post small gains in the last three trading days of the previous week, EUR/USD has turned south early Monday and declined below
続きを読む »
Texas jobless rate inches up to 4.1% in August as hiring slowsTexas’s unemployment rate increased to 4.1% in August and hiring slowed to the slowest rate since early 2021 as the construction and hospitality sectors shed...
続きを読む »
San Diego Unified asks voters to approve its fourth school bond measure since 2008Measure U would help build employee affordable housing, upgrade facilities for transitional kindergarten and improve school security, officials say
続きを読む »
Asian markets slip lower following last week's broad decline on Wall StreetAsian shares fell Monday after another week of sizable losses on Wall Street, as investors braced for another interest rate hike by the U.S. Federal Reserve.
続きを読む »
These are the most — and least — vulnerable housing markets if the U.S. heads into a recessionIf a major downturn hits the U.S. economy, homes in counties in New York City, Chicago, and Philadelphia are the most vulnerable to declines, according to a new report.
続きを読む »
Homebuilder stocks move up in premarket ahead of NAHB Housing Market Index release – DHI, LEN, PHM, MDCHomebuilding stocks are one of the only bright spots in Monday's premarket as investors await the release of the monthly NAHB Housing Market Index fig
続きを読む »