D R Horton Inc

My top 10 things to watch Monday, July 24 1. Chevron (CVX) on Sunday announced excellent preliminary second-quarter results , while extending the contract of CEO Mike Wirth. The United States' second-largest oil firm in May announced an agreement to expand its shale operations by acquiring PDC Energy (PDCE) in a deal valued at $7.6 billion, including debt. Chevron is set to release its full second-quarter report on Friday. 2. Truist on Monday lowered its price target on Club oil name Pioneer Natural Resources (PXD) to…

A house is for sale in Arlington, Virginia, July 13, 2023.Saul Loeb | AFP | Getty ImagesSales of pre-owned homes dropped 3.3% in June compared with May, running at a seasonally adjusted annualized rate of 4.16 million units, according to the National Association of Realtors.Compared with June of last year, sales were 18.9% lower. That is the slowest sales pace for June since 2009.The continued weakness in the housing market is not for lack of demand. It's all about a critical shortage of supply. There were just 1.08…

Prospective buyers at an open house in Florida.Mike Stocker | South Florida Sun Sentinel | Tribune News Service | Getty ImagesThe average rate on the 30-year fixed rate mortgage has fallen to 5.99%, according to Mortgage News Daily.The housing market hasn't seen the rate with a five handle since a brief blip in early September. Before that, it was in early August.The rate started this week at 6.21% and fell sharply Wednesday after Federal Reserve Chairman Jerome Powell said inflation "has eased somewhat but remains…

AMC Entertainment: "Going to take a pass on that. $5 is where it should be, and no higher."Tecnoglass: "Very smart. Very good company. ... I would buy it if it came in a little. It's had a very big run."Laredo Petroleum: "Laredo is a second-rate oil producer. I prefer very much that you buy Pioneer, PXD, which I think is much stronger and the Charitable Trust owns it."D R Horton: "I think Horton is a very good choice, but you do know they all trade together. is good, too ... But I think you're right."Jim Cramer's Guide…

Check out the companies making headlines before the bell:Tesla (TSLA) – SEC filings show CEO Elon Musk sold nearly $4 billion in Tesla shares in the days following his purchase of Twitter. Tesla shares added 1.5% in the premarket.Meta Platforms (META) – The Facebook parent's shares rallied 4.3% in premarket trading after the company announced it was laying off 13% of its workforce, or more than 11,000 workers.DR Horton (DHI) – The home builder's stock slid 3.1% in the premarket after it missed top and bottom line…

A worker at a Lennar home under construction.Justin Sullivan | Getty Images News | Getty ImagesCheck out the companies making the biggest moves midday Monday:D.R. Horton, Lennar, PulteGroup — Homebuilder stocks moved higher on Monday after KeyBanc double upgraded the sector to overweight from underweight. Analyst Kenneth Zener said that homebuilders, which have underperformed this year, tend to rebound sooner and more sharply than the broader market. Shares of Lennar rose about 2%, while D.R. Horton gained over 2%, and…

Check out the companies making headlines before the bell:AT&T (T) – AT&T fell 1.8% in the premarket, despite beating estimates on both the top and bottom lines for the second quarter, as it lowered its full-year free cash flow guidance. AT&T also reported a jump in quarterly wireless subscriber additions and raised its full-year forecast for wireless revenue growth.DR Horton (DHI) – The home builder reported better-than-expected earnings for its latest quarter, but revenue fell short of analyst forecasts.…

CNBC's Jim Cramer on Thursday gave investors his top stock picks for three different recession outcomes."We've got mild, we've got moderate and we've got severe. … . Can we avoid a recession altogether? There's always the chance," but investors shouldn't hold their breath, he said.Investors have piled into tech stocks this week, betting on a market bottom and driving this week's rally. All the major averages gained on Thursday.The "Mad Money" host said that while he's outlining three possible scenarios for the economy and…

Earnings season is entering full swing on Wall Street, and CNBC's Jim Cramer said Monday that investors would be wise to take a wait-and-see approach toward shares of companies that are about to report quarterly numbers."In this environment, it's always going to be fragile on the upside and easy on the downside, because the bears … have the upper hand. Just keep in mind you should never buy this market when it's up. That's a fool's game. I want you to wait for weakness like we had before you ever pull the trigger," the…