Homebuilders go green as markets tumble

Seeking Alpha

Published Oct 23, 2018 10:53AM ET

Homebuilders go green as markets tumble

  • Leading the rouged-up homebuilders today is Pulte Group (PHM +5.3%), which topped Q3 estimates. New orders were shy of official Street expectations, but - amid growing concerns of a rate-related housing slowdown - probably topped the whisper numbers.
  • Speaking of rates, they're down big today - the 10-year Treasury yield off seven basis points to 3.127%.
  • Toll Brothers (TOL +0.6%), Lennar (LEN +1%), D.R. Horton (DHI +0.4%), LGI Homes (LGIH +2.7%), M/I Homes (MHO +1.9%), KB Home (KBH)
  • ETFs: XHB, ITB, PKB, NAIL, HOML, CLAW
  • Previously: Stocks bushwhacked as Caterpillar (NYSE:CAT), 3M (NYSE:MMM) earnings disappoint (Oct. 23)
  • Now read: A Sober Look At Housing In The Middle Of All The Chaos

Original article

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