This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Homebuilders Upgraded On Weakness

I covered the waves of downgrades for the homebuilders in three prior posts. On April 30 I wrote, Homebuilder Downgrades Cloud Earnings. This was followed by Don't Believe Stocks Are Still Cheap on May 10. Then on May 17 I noted additional downgrades in Homebuilders' Downgrades Continue.

Today my list of 11 homebuilders is dominated by upgrades, three to buy ratings.

Beazer Homes (BZH - Get Report) ($20.00 vs. $21.47 on May 17) was downgraded to sell on May 10, then to strong sell on May 17. Today Beazer has been upgraded back to hold. The stock peaked at $23.29 on May 10. My annual value level is $13.95 with a weekly risky level at $23.29.

DR Horton (DHI - Get Report) ($23.78 vs. $26.80 on May 17) was downgraded to sell on April 30, then to strong sell on May 17. Today DHI has been upgraded to buy. DR Horton peaked at $27.74 on May 15. My quarterly value level is $22.96 with a weekly risky level at $27.44.

Hovnanian (HOV - Get Report) ($6.05 vs. $5.99 on May 10) was downgraded to hold on May 10 and remains hold rated today. My weekly value level is $5.63 with a semiannual pivot at $6.00 and weekly risky level at $6.19.

KB Home (KBH - Get Report) ($21.50 vs. $23.88 on May 17) was downgraded to sell on May 17 and has been upgraded to buy today. KB Home traded to its 2013 high at $25.14 on May 15. My quarterly value level is $13.06 with an annual pivot at $22.95 and monthly risky level at $23.99.


Lennar (LEN - Get Report) ($39.23 vs. $42.40 on May 10) was downgraded to sell on May 9 and has been upgraded to hold today, and it tested its 200-day simple moving average (SMA) at $38.69 on Monday on a reversion to the mean. Lennar set its 2013 high at $44.40. My semiannual value level is $36.03 with a quarterly pivot at $40.95 and weekly risky level at $43.10.

3 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
BZH $17.53 0.00%
DHI $25.18 0.00%
HOV $3.03 0.00%
LEN $45.32 0.00%
KBH $14.48 0.00%

Markets

DOW 17,928.20 -142.20 -0.79%
S&P 500 2,089.46 -25.03 -1.18%
NASDAQ 4,939.3270 -77.6020 -1.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs