ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Despite the seasonal trends working against PulteGroup (PHM), the company last week announced a major reload on its buyback program. PulteGroup increased its authorization from $262M to $762M. The quote in the press release emphasized how this action, along with other investments, expresses the company’s solid confidence in the business and the housing market: “Driven … Read more
Pulte Homes (PHM) reported Q3 2018 earnings on October 23rd. The stock responded favorably with a 7.3% one-day gain. That same day, the S&P 500 (SPY) gapped down and sold off for four more trading days. The index now sits at a near 7-month low while PHM is holding an impressive 24.1% total post-earnings gain. … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on January 9, 2015. Click here to read the entire piece.) It is still very early in the new year, but I cannot help notice the relative strength exhibited by iShares Trust – iShares U.S. Home Construction ETF (ITB) and several major … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on May 5, 2013. Click here to read the entire piece.) In late November, 2012, I made a list of my homebuilder picks for 2013. I combined valuation, price changes, and short interest to build the list. Almost 6 months later, it … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 19, 2012. Click here to read the entire piece.) In 2010, the SPDR S&P Homebuilders ETF (XHB) rallied sharply only to peak in parabolic fashion in April. That Fall, I reaffirmed my belief that housing would bounce along the bottom … Read more