ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
It seems like an eternity has passed since LGI Homes (LGIH) reported yet one more bullish home closings report. For February, LGIH reported a year-over-year increase in home closings of 54.2% and a year-over-year increase of 57.1% in January and February combined. With another home closings report due soon, it looks like the stock market … Read more
This week’s market crash and subsequent sharp rebound revealed some key divergences among housing-related stocks. While one more home builder made it to my “do not touch” list, I see even more opportunities. Opportunities iShares Dow Jones US Home Construction Index Fund ETF (ITB) To start the week, the iShares Dow Jones US Home Construction … Read more
During its earnings call, LGI Homes (LGIH) projected strong performance ahead. The company’s December home closings report delivered. LGI Homes closed 748 homes last month. The 49.6% year-over-year growth contributed to an 18.0% year-over-year overall growth rate in home closings for the first eleven months of 2019. The stock market responded positively by sending LGIH … Read more
LGI Homes (LGIH) released a strong sales report that granted investors in home builders a much needed sigh of relief. On January 7, 2019 (mislabeled as the 4th in the press release), LGIH announced: …an all-time record for home closings during a single month with 884 homes closed in December 2018, representing year-over-year growth of … Read more
Management for LGI Homes (LGIH) set aside an hour for its Q1 2018 earnings conference call. They only needed 37 minutes, including 23 minutes spent on Q&A. Perhaps they should have used the entire hour. Source: FreeStockCharts.com As the chart above shows, LGIH has had a wild two days following its earnings report. The first … Read more