Homebuilder Stocks on Watch as New Home Sales Surge (XHB)

Home builer stocks are on watch following strong May new home sales number. Sales rose 18.6% to 504K annual rate, the highest since May 2008.

Traders are watching the following stocks and ETFs:

• D.R. Horton, Inc. (NYSE: DHI)
• Pulte Group (NYSE: PHM)
• KB Home (NYSE: KBH)
• Lennar Corp. Cl A (NYSE: LEN)
• Hovnanian Enterprises Inc. Cl A (NYSE: HOV)
• Standard Pacific Corp. (NYSE: SPF)
• Toll Brothers, Inc. (NYSE: TOL)
• Ryland Group, Inc. (NYSE: RYL)
• Meritage Homes Corp. (NYSE: MTH)
• Beazer Homes USA, Inc. (NYSE: BZH)
• SPDR S&P Homebuilders ETF (NYSE: XHB)

You May Also Be Interested In

• BofA says there is a continued strength in buybacks
• S&P Global (SPGI) Tops Q1 EPS by 36c; offers guidance
• KeyBanc Upgrades Sherwin-Williams (SHW) to Overweight