Unlike D.R. Horton Inc (DHI US) the broader US Homebuilders Sector has struggled since late 2021 illustrating how usually only the strong survive/perform during tough times. While the embattled sector looks cheap we believe it’s imperative to avoid a scatter-bomb approach to stock selection as we remain in a contraction cycle.
- We are initially targeting a test towards the 70 areal for the XHB ETF, or 6% higher.
MM is mildly bullish on the XHB ETF short term
Add To Hit List
