For quite a while, first-time homebuyers have been frustrated. With high interest rates and no ability to save enough for a down-payment on expensive homes - they've been waiting for the right time to make a move. For years, it's been an unaffordable waiting game. But now, that move might finally be starting to happen. Now that we've seen a 50-basis point rate cut, this could be the trigger that fuels homebuilder stocks. Lower rates - and a backlog of starter-home demand - could impact DR Horton (DHI), which is the largest starter-home builder in the US. Right now, 5 million millennials are ready to be first-time homebuyers - and most likely - they'll find their way into a DHI home. Currently trading at 10.8x earnings, it's a discount compared to the S&P 500's current valuation of 20x earnings. YOUR ACTION PLAN I really like the pullback in DHI. The $180 zone has held up as strong support dating back to September, so the time to move into the stock - or mid-dated call options - is now. P.S. Speaking of opportunities, here's another one you can't miss! Monument Traders LIVE! is hosting its first-ever AI Power Blitz with Nate Bear on Thursday, October 17th @ 2PM EST. Nate has previously delivered massive wins of 100%, 287%, and even 1,129% within days during his trading blitzes. Now, he's leveraging AI to hunt explosive trade setups in just two hours! Join Nate as he demonstrates his AI-powered scanner, S.A.M., and get a first look at innovative NEW features that could revolutionize trade identification. It's all happening LIVE and FREE in the Monument Traders LIVE chat room. Add event to calendar Room opens at 1:45PM EST. Don't miss this game-changing opportunity! |
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