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DR Horton (DHI) is riding a wave of relative strength, while trading at a discount to operating earnings and EBITDA. At the same time, the drop in the 10 year yield, among other durations, is accelerating, Many would-be home buyers that were looking to purchase a home are likely to start finalizing deals they’ve put off until now.

DRHorton Stock – Daily Chart

Shares of homebuilders DRHorton (DHI), +1.58%, and KB Home (KBH), +1.30%, popped on Monday trading a week after J.P. Morgan downgraded the stocks on the recent climb in mortgage rates. Now that rates are declining (see chart below) we are looking for these homebuilder stocks to rise.

DR Horton Daily Chart

The stock has a 92 EPS Rating, with its quarterly and longer-term annual earnings growth topping 92% of all stocks.

DRHorton has an Accumulation/Distribution Rating of B- which shows moderate buying by institutional investors over the last 13 weeks.


“The market is now projecting a Fed Funds rate of 4.10% by the July meeiting, or just under 50 bps of cuts from current levels. This was 5.66% last Wednesday. That’s 150 basis points of loosening policy in less than a week.” Source: Bespoke

DRHorton Stock and Implied Fed Funds Rate

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