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Stock impact report

Why LGI Homes, PulteGroup, Meritage Homes, and Lennar Corp. Stocks All Popped Today [The Motley Fool]

D.R. Horton, Inc. (DHI) 
Last d.r. horton, inc. earnings: 4/28 06:30 am Check Earnings Report
US:NYSE Investor Relations: investor.drhorton.com
Company Research Source: The Motley Fool
What happenedShares ofD.R. HortonNYSE:DHI that's thebadImage source: Getty Images.So whatSo what was it that D.R. Horton had to say, specifically, that got investors so enthusiastic about homebuilding stocks in general?Basically, this is a story of one strong earnings report sparking hopes that other, similar companies will "beat" on earnings as well. This morning, D.R. Horton surprised Wall Street analysts with a report of $. billion in fiscal second-quarter sales 9% better than last year, and % better than expected), and $.0 per share in Q profits up 0% year over year, and 6% ahead of expectations).That's great news for D.R. Horton, and that stock was amply rewarded for its success, closing up .% today. But investors are extrapolating D.R. Horton's good fortune to similarly bullish prospects for other homebuilding stocks. Does that make sense?Now whatPerhaps, yes. After all, in addition to selling so much, and earning so much, D.R. Horton had optimistic things to say about the futur Show less Read more
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