CPI Inflation Came Hot: Watch These Stocks If Kevin Warsh Hikes Next Week
Bank of America and Schwab could benefit from a Fed hike, while Nvidia and D.R. Horton face a tougher setup as odds climb above 80%.
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Wells Fargo analyst Sam Reid maintains D.R. Horton (NYSE:DHI) with a Equal-Weight and lowers the price target from $155 to $145.
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Bank of America and Schwab could benefit from a Fed hike, while Nvidia and D.R. Horton face a tougher setup as odds climb above 80%.
Berkshire Hathaway CEO Greg Abel is making significant bets on a housing market recovery through multiple moves: acquiring homebuilder Taylor Morrison for $8.5 billion, increasing investment in Lennar by 30%, and buying shares of D.R. Horton. These moves, combined with existing holdings in Clayton Homes and Berkshire Hathaway Home Services, suggest Abel believes pent-up demand will emerge once mortgage rates decline, despite the currently frozen housing market.
Mold lawsuits are raising legal costs for US home builders as homeowners allege health problems and construction defects.