Savvy Trades and Investments

[cliffvb]

CCS MDC and most other home builders have sold off in the last couple weeks despite strong outlooks. CCS met analysts estimates for eps and beat on revs. They also reported a 35% increase in net new home orders yoy.


MDC has sold off bigly since reporting a miss (79c vs 87c est eps). But they also reported an amazing 58% increase in net new orders yoy. They raised prices in early September and orders still increased by 50% yoy. I smell some blow out quarters coming yet the stock has gone from overbought to oversold. It also pays a 3% dividend which is rare for the group.

I am adding more CCS and MDC here. TMHC looks very interesting too after dropping 8% today on news that they are buying out WLH. Their net new home orders were up 39% yoy last quarter. Earnings were in line.