It's time to book profits in this surging group of stocks, says Piper Jaffray technical analyst (via TradingNation)
"I would be booking some short-term profits in here right now on some of these homebuilders, waiting until we see where 10-year bond yields really shake out at," said Johnson., CEO of Chantico Global, still sees opportunity in the group, though she advises stock-picking rather than a blanket buy.
"Affordability really is in favor of homebuilders. But, the big problem for most homebuilders is that the place that is the hottest is going to be the lower end of the market," Sanchez said during the same segment. "You really need to be very picky about which homebuilders you choose to sort of exploit that part of the market."
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Disney stock could gain 20% as Disney Plus grows, analyst says - Business InsiderBank of America analysts raised their five-year subscriber target for Disney Plus to 90 million, up from 60 million.
Read more »
As the value-growth battle rages, this sector is winning on both sides, says traderHealth-care stocks are poised to win out no matter which way the value-versus-growth debate swings, says Christian Fromhertz, founder and CEO of Tribeca Trade Group.
Read more »
Tencent Earnings Drop 13% as Rivals Intrude on Its Advertising TerritoryChinese tech giant Tencent Holdings’ profit slid as slowing economic growth at home and rising competition ate away in crucial areas such as advertising.
Read more »
Apple stock could gain 14% over the next year, analyst says - Business InsiderApple has a new fan on Wall Street — and this analyst says the company's cash position and product innovation could drive a 14% gain in the stock over the next year
Read more »
Disney Stock Hits Record High After Company Reports 10M Disney+ Sign-Ups – UpdateUPDATED with closing stock price, analyst comments. Disney stock soared more than 6% to an all-time high after the company revealed Wednesday that its new streaming service, Disney+, has already dr…
Read more »
Chinese gaming giant Tencent books 13% third quarter profit drop, misses estimatesChinese gaming and social media giant Tencent Holdings Ltd said on Wednesday net...
Read more »