A worker carries lumber as he builds a new home Justin Sullivan/Getty Images
Public home builders approached the end of 2020 on the heels of a busy season for home sales. Despite recent pullbacks, analysts see more gains ahead, though not necessarily among the same companies that popped this year.
As the year drew to a close, about half of the single-family home builders in the
S&P 500 for the year. While a surprisingly busy summer and fall for home buying sent shares of builders climbing to new highs earlier this year, those companies have pulled back in recent months as investors contend with the slowing pace of new home sales and the looming implications of rising Treasury yields that could begin to weigh on historically-low mortgage rates.
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TRI Pointe Group found using ticker (TPH) now have 7 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 28 and 17.5 and has a mean target at 23.64. Now with the previous closing price of 17.18 this would imply there is a potential upside of 37.6%. There is a 50 day moving average of 17.81 and the 200 moving average now moves to 15.93. The company has a market capitalisation of $2,214m. Visit the company website at: http://www.tripointegroup.com
TRI Pointe Group engages in the design, construction, and sale of single-family detached and attached homes in the United States. The company operates a portfolio of six brands across ten states, including Maracay in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California, Colorado and the Carolinas; and Winchester Homes in Maryland and Vir
20 best mid-cap stocks for 2021, according to analysts MarketWatch 12/19/2020
DEEP DIVE
(This is the third in a three-part series listing highly rated stocks that sell-side analysts expect to rise the most over the next 12 months. Part 1 covers large-cap stocks and Part 2 covers small-caps.)
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Mid-cap stocks tend to fall through the media-coverage cracks. The notion of a medium-size company seems less exciting than a small up-and-comer or a tech giant.
Then again, mid-caps have performed well this year. Below is a list of 20 stocks drawn from the S&P 400 Mid Cap Index that analysts expect to rise the most over the next 12 months.
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The Southern California median home price rose by double digits for the fourth consecutive month, underscoring strong demand for housing during the COVID-19 pandemic.
The six-county region’s median price was $603,000 in November, a 10.8% increase from a year earlier, according to data released Thursday by DQNews.
Sales rose 18.9% from November 2019.
Experts say the upswing in recent months has been driven by mortgage interest rates in the 2% range, as well as the desire for additional space as people spend more time at home.
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At the same time, millennials are increasingly entering their early 30s when many tend to buy a home for the first time, thus adding new demand to the market.
Gordon Reid s Top Picks: Dec. 16, 2020
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Focus: U.S. equities
MARKET OUTLOOK
Key for investors are the high likelihood of things returning to business as usual by mid-2021 and a Federal Reserve that has the marketâs back. That will allow for continued valuation expansion. Important though is the rotation from high multiple growth stocks into less pricey value offerings, most notably cyclical issues that will benefit from a world economic recovery and a dose of inflation. Passive investing will fade: Be a stock picker.
TOP PICKS
Gordon Reid s Top Picks
Gordon Reid, president and CEO of Goodreid Investment Counsel discusses his top picks: General Motors, Morgan Stanley and Tri Pointe Group.