This morning, most of the leading home-builder stocks are trading higher at the start of the trading session. Today, bond yields on the 10-year U.S. Treasury Note are lower by 0.4 to 2.89 percent. Traders must be aware that home-builder stocks are trading inversely to bond yields at this time. ...
Are The Home-Builder Stocks Ready For A Correction?
Believe it or not, the home-builder stocks have been some of the biggest winners in 2012. This important industry group is coming under some selling pressure today. Toll Brothers Inc (NYSE:TOL) is considered to be one of the leading stocks in the group. Today, TOL stock is declining lower by 0.49 cents to $29.04 a share. This stock will have some intra-day support around the $28.80, and $28.45 levels. ...Continue reading here
This morning, all of the leading home-builder stocks are showing some early strength despite the over-all stock market weakness. This industry group is displaying good intra-day relative strength and could lead the markets higher if bounces take place in the major stock indexes. Lennar Corp (NYSE:LEN) is considered to be one of the leading home-building stocks in the sector.