I will be using XHB the SPDR S&P Homebuilders ETF and it's holdings as to how they perform. The XHB itself will sit atop of the energy stocks for reference and to gauge the individual holdings.
glad you open this .... was wander why not many follow (housing) I follow + trade BZH + HOV only swing on this... (BZH since under 7) good luck
TOL reports earnings on Tuesday. What do you guys think? Are they going to hit or miss? Other builders have been reporting good numbers but TOL is focused on the higher end of the market which has shown weaknesses. Thoughts?
Hiya StrikeOil don't follow TOL but see this >>>https://www.thestreet.com/story/136...eports-q3-results.html?puc=yahoo&cm_ven=YAHOO
for info Housing starts increased In July 2016, housing starts rose from 1,186,000 to 1,211,000. We also saw increases in both single-family and multifamily starts. Single-family starts rose from 766,000 to 770,000. Multifamily starts rose from 400,000 to 433,000. http://marketrealist.com/2016/08/housing-starts-increased-july/
Earnings and Revenue growth look decent as well as return on equity but weak on net profit margin. I would give TOL a 3 out of 4 star rating. If it can break above $30 it has a potential of hitting 38 in the mid to long term
5 Homebuilders That Hedge Funds Love Amid Booming New-Home Sales http://www.insidermonkey.com/blog/5...unds-love-amid-booming-new-home-sales-470629/
Maybe need to go after the individual names. The ETFs have other home "remodeling" type companies. XHB has companies like Lowe's, Home Depot, Tempur Sealy, Bed Bath and Beyond. ITB might be of more direct interest, although it too has Lowe's, Home Depot, Sherwin Williams.