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Texas-based D.R. Horton is the biggest homebuilder in the United States. They just turned in a stellar earnings report. Revenue is up by $1 billion, guidance suggests even better performance ahead, and all of this in a historically tight American housing market. The market… doesn’t care.
The stock experienced a classic “sell the news” dip today. But I think as traders we need to care – this is a massive player in a bellwether sector. So we’ll look at what happened, and dive even deeper into the key ratios of some other major homebuilders. Time to sort the weak from the strong ahead of upcoming earnings. Let’s get to it…
