D.R. Horton Inc. ($DHI) Stock Forecast: Up 9.4% Today

What is D.R. Horton Inc.?

D.R. Horton (DHI) is a prominent home construction company in the United States, recognized for its residential building projects nationwide. Today, the overall market sentiment showed a mix of trends with a decline in tech stocks impacting the S&P 500 and Nasdaq, while the Dow saw a slight decrease from its previous all-time high.

Why is D.R. Horton Inc. going up?

DHI stock is up 9.4% on Jul 18, 2024 18:06

• D.R. Horton (DHI) displayed a significant bullish trend today due to its outperformance in the third quarter, surpassing expectations despite economic challenges.
• The favorable earnings results heightened investor faith in DHI, resulting in a notable increase in its stock value.
• Despite the market downturn in tech stocks, D.R. Horton's impressive performance in the home construction industry distinguished itself, propelling its stock price upwards.
• The earnings call possibly disclosed strong financial results and strategic projections, adding to the optimistic sentiment surrounding DHI.

DHI Price Chart

DHI Technical Analysis

DHI News

Midday movers: DR Horton, Kinder Morgan rise ; Domino''s Pizza, Beyond Meat fall

No summary available.

https://bankb.it/midday-movers-dr-horton-kinder-morgan-rise-domino-s-pizza-beyond-meat-fall-15133.html

D.r. Horton (DHI) Q3 2024 Earnings Call Transcript

DHI earnings call for the period ending June 30, 2024.

https://www.fool.com/earnings/call-transcripts/2024/07/18/dr-horton-dhi-q3-2024-earnings-call-transcript/?source=iedfolrf0000001

Top Stock Movers Now: Domino''s Pizza, Eli Lilly, DR Horton, and More

The selloff in tech stocks that sent the S&P 500 and Nasdaq sinking yesterday continued at midday,. The Dow fell from its all-time high.

https://www.investopedia.com/top-stock-movers-now-domino-s-pizza-eli-lilly-dr-horton-and-more-8680051

Stocks making the biggest moves midday: D.R. Horton, Domino''s Pizza, Infosys and more

These are the stocks posting the largest moves in midday trading.

https://www.cnbc.com/2024/07/18/stocks-making-the-biggest-moves-midday-dhi-dpz-infy-and-more.html

D.R. Horton Soars After Earnings Beat Despite Macroeconomic Challenges

D.R. Horton shares surged in intraday trading Thursday after the company topped third-quarter earnings expectations.

https://www.investopedia.com/d-r-horton-soars-after-earnings-beat-despite-macroeconomic-challenges-8679972

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D.R. Horton Inc. Price History

10.03.2024 - DHI Stock was down 6.2%

• Today's bearish movement in DHI stock could be attributed to the following factors:
• Investor reaction to the negative sentiment surrounding real estate stocks amid high prices and mortgage rates, despite the positive outlook for the home building sector.
• Uncertainty among investors possibly caused by news related to Bhutan's DHI offsetting halving effects with a Bitcoin mining upgrade, leading to a sell-off in the stock.
• The broader market conditions and various news impacting the stock, such as alternative strategies like Bitcoin mining, may have influenced today's bearish movement despite DHI's strong performance and institutional support.

15.04.2024 - DHI Stock was up 5.9%

• DHI Group reported its 2024 first-quarter financial results, showing a decrease in total revenue and bookings year over year. Despite this, the market reacted positively to other aspects of the report.
• The overall bullish market sentiment, with the S&P 500 and Nasdaq reaching all-time highs, likely contributed to the positive movement in DHI stock.
• The highlighting of stocks to buy before they gain widespread attention may have attracted investors to DHI Group, anticipating future growth potential and driving up the stock price.
• Investors may have viewed the recent financial results as a temporary setback, choosing to focus on the long-term potential of the company and its ability to deliver returns in the future.

15.04.2024 - DHI Stock was up 5.3%

• The uptick in DHI's stock value might stem from investors acknowledging the company's growth potential despite the disclosed financial figures.
• Views portraying DHI as a stock worth buying early on could have garnered more investor interest, prompting them to view DHI as an attractive investment option. This heightened interest likely increased purchasing activity, thus pushing the stock price higher.
• Investors seem to be looking at DHI's long-term possibilities, moving past present financial performance and focusing on anticipated future growth and returns.

11.06.2024 - DHI Stock was up 5.7%

• DHI stock experienced a bullish movement today due to investors eyeing the company for its market outperformance and growth potential.
• The acquisition news of The Horton Group Inc. by Marsh McLennan Agency might have also positively impacted DHI's stock as it indicates potential synergies and expansion opportunities for DHI.
• The negative news mentioning DHI on the casualty list alongside Valero might have initially caused some uncertainty in the market, but the overall positive sentiment towards DHI prevailed, leading to the bullish movement.

11.06.2024 - DHI Stock was up 5.0%

• D.R. Horton's stock experienced a bullish movement today.
• The acquisition of The Horton Group, Inc., a brokerage firm based in Illinois, by Marsh McLennan Agency, could have sparked investor optimism in D.R. Horton's industry.
• The acquisition news might have signaled potential growth opportunities or synergies in the insurance and brokerage sectors, indirectly benefiting D.R. Horton's stock.
• The market may be interpreting this acquisition as a strategic move that could enhance D.R. Horton's business prospects, leading to increased investor confidence and a bullish trend in the stock price.

12.06.2024 - DHI Stock was up 5.1%

• D.R. Horton (DHI) experienced a strong bullish movement today.
• Stephanie Link, CIO at Hightower, buying more shares of D.R. Horton could have boosted investor confidence in the company.
• The news of Marsh McLennan Agency acquiring Illinois-based broker Horton might have signaled positive growth prospects for D.R. Horton, leading to increased investor interest and a bullish market movement.
• Despite the mixed market conditions, the acquisition news and investor interest in D.R. Horton's market outperformance and growth potential could have outweighed the negative impact of falling tech stocks, contributing to the bullish movement in DHI's stock price.

16.06.2024 - DHI Stock was up 5.3%

• DHI witnessed a surge in its stock value amid investor optimism regarding potential interest rate reductions by the Federal Reserve.
• The prospect of decreased interest rates is viewed favorably for the housing sector, potentially spurring higher demand for mortgages and home sales.
• The positive market sentiment towards DHI could be attributed to the general positive outlook on possible rate cuts, evident in the robust performance of related sectors like electric vehicles and solar energy.
• Investors appear to be favoring stocks such as DHI that are likely to gain from a more supportive monetary policy environment in the foreseeable future.

16.06.2024 - DHI Stock was up 5.1%

• D.R. Horton (DHI) is a large-cap home construction company listed on the NYSE. The company has shown consistent growth over the years and has outperformed the market significantly.
• The stock market saw an uptick today amidst investor optimism regarding a possible interest rate reduction by the Federal Reserve, spurred by a modest slowdown in inflation.
• DHI stock experienced a notable bullish momentum, possibly influenced by general market positivity and expectations of reduced interest rates.
• An investment of $1.7 billion by the Department of Energy to repurpose auto facilities into electric vehicle manufacturing plants may have also positively affected the market trend and DHI's stock in particular.
• In conclusion, the favorable market sentiment, potential interest rate adjustments, and specific industry advancements likely contributed to DHI's bullish movement today.

18.06.2024 - DHI Stock was up 9.4%

• D.R. Horton (DHI) displayed a significant bullish trend today due to its outperformance in the third quarter, surpassing expectations despite economic challenges.
• The favorable earnings results heightened investor faith in DHI, resulting in a notable increase in its stock value.
• Despite the market downturn in tech stocks, D.R. Horton's impressive performance in the home construction industry distinguished itself, propelling its stock price upwards.
• The earnings call possibly disclosed strong financial results and strategic projections, adding to the optimistic sentiment surrounding DHI.

18.06.2024 - DHI Stock was up 9.4%

• D.R. Horton (DHI) experienced a strong bullish movement.
• The bullish trend can be attributed to the company beating earnings expectations for the third quarter of 2024.
• Additionally, the announcement of a buyback and the positive outlook on new home sales due to low housing supply contributed to investor optimism.
• Overall, D.R. Horton's solid financial performance and strategic decisions propelled its stock price higher, despite macroeconomic challenges in the housing market.

18.06.2024 - DHI Stock was up 9.1%

• D.R. Horton (DHI) reported impressive earnings results for the third quarter of 2024, beating both EPS and revenue estimates. This positive financial performance likely contributed to the bullish movement in the stock.
• The upbeat earnings report showcased DHI's resilience and success in a challenging market environment, reassuring investors and attracting new interest in the company.
• The market's positive reaction to D.R. Horton's earnings indicates growing confidence in the company's ability to navigate economic uncertainties and deliver strong results, driving the stock price higher.

18.06.2024 - DHI Stock was up 5.8%

• D.R. Horton (DHI) reported better-than-expected earnings in the third quarter, showcasing strong financial performance.
• The positive earnings results likely contributed to investor confidence and drove the bullish movement in the stock.
• Market participants may have reacted positively to the earnings beat, indicating a favorable outlook for the company's future growth prospects.
• The anticipation of a potential interest rate cut by the Federal Reserve could have also played a role in boosting investor sentiment towards DHI and other related sectors.