Shares of household durable stocks are trading higher after store sales of building material and garden supplies rose 1.4% in June. Also, strength may be due to trader optimism that the Fed will cut rates.
Portfolio Pulse from Benzinga Newsdesk
Shares of household durable stocks are trading higher after store sales of building material and garden supplies rose 1.4% in June. Additionally, trader optimism about potential Fed rate cuts is contributing to the strength.
July 16, 2024 | 6:31 pm
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POSITIVE IMPACT
BLD shares are trading higher due to increased sales of building materials and garden supplies, along with optimism about potential Fed rate cuts.
Increased sales of building materials directly benefit BLD, and potential Fed rate cuts could further boost the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
CCS shares are trading higher due to increased sales of building materials and garden supplies, along with optimism about potential Fed rate cuts.
Increased sales of building materials directly benefit CCS, and potential Fed rate cuts could further boost the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
CVCO shares are trading higher due to increased sales of building materials and garden supplies, along with optimism about potential Fed rate cuts.
Increased sales of building materials directly benefit CVCO, and potential Fed rate cuts could further boost the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
HOV shares are trading higher due to increased sales of building materials and garden supplies, along with optimism about potential Fed rate cuts.
Increased sales of building materials directly benefit HOV, and potential Fed rate cuts could further boost the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
KBH shares are trading higher due to increased sales of building materials and garden supplies, along with optimism about potential Fed rate cuts.
Increased sales of building materials directly benefit KBH, and potential Fed rate cuts could further boost the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
LGIH shares are trading higher due to increased sales of building materials and garden supplies, along with optimism about potential Fed rate cuts.
Increased sales of building materials directly benefit LGIH, and potential Fed rate cuts could further boost the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
MTH shares are trading higher due to increased sales of building materials and garden supplies, along with optimism about potential Fed rate cuts.
Increased sales of building materials directly benefit MTH, and potential Fed rate cuts could further boost the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
NVR shares are trading higher due to increased sales of building materials and garden supplies, along with optimism about potential Fed rate cuts.
Increased sales of building materials directly benefit NVR, and potential Fed rate cuts could further boost the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
NWL shares are trading higher due to increased sales of building materials and garden supplies, along with optimism about potential Fed rate cuts.
Increased sales of building materials directly benefit NWL, and potential Fed rate cuts could further boost the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
PHM shares are trading higher due to increased sales of building materials and garden supplies, along with optimism about potential Fed rate cuts.
Increased sales of building materials directly benefit PHM, and potential Fed rate cuts could further boost the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
PRPL shares are trading higher due to increased sales of building materials and garden supplies, along with optimism about potential Fed rate cuts.
Increased sales of building materials directly benefit PRPL, and potential Fed rate cuts could further boost the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
SKY shares are trading higher due to increased sales of building materials and garden supplies, along with optimism about potential Fed rate cuts.
Increased sales of building materials directly benefit SKY, and potential Fed rate cuts could further boost the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
TMHC shares are trading higher due to increased sales of building materials and garden supplies, along with optimism about potential Fed rate cuts.
Increased sales of building materials directly benefit TMHC, and potential Fed rate cuts could further boost the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
TPX shares are trading higher due to increased sales of building materials and garden supplies, along with optimism about potential Fed rate cuts.
Increased sales of building materials directly benefit TPX, and potential Fed rate cuts could further boost the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80