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D.R. Horton's Multi-Year Contracts Offer Protection Against Rising Input Costs, Oppenheimer Says
US Markets

D.R. Horton's Multi-Year Contracts Offer Protection Against Rising Input Costs, Oppenheimer Says

D.R. Horton (DHI) is partially shielded from rising construction costs because it has multi-year contracts, Oppenheimer said in a note on Friday.Clients have expressed concerns about mounting stick and brick costs in the ongoing inflationary environment, according to the brokerage."We note that (D.R. Horton) has multi-year contracts for many of its products," Oppenheimer analyst Tyler Batory said. "This provides it some protection in an inflationary backdrop."The homebuilder's size gives it a competitive advantage over smaller players, Batory said."We continue to think the company can largely offset lot cost inflation with lower stick and brick costs," Batory said.D.R. Horton has relations with land developers and partners, as well as balance sheet strength that helps it source and develop lots."These advantages remain particularly important as smaller builders face greater capital constraints and more limited land access," Batory said.The company's fiscal second-quarter results came in better than expected in April, although it tempered its full-year revenue outlook at the time.D.R. Horton's stock is up about 7% this year through Friday close.Price: $154.15, Change: $-0.28, Percent Change: -0.18%

$DHI
Research

Research Alert: CFRA Lifts Opinion On Shares Of D.r. Horton Inc. To Hold From Sell

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Our target price of $168 (up $44) is 14x our FY 27 (Sep.) EPS view, a premium to the 10-year mean of 9.7x, justified by DHI's cash flow/balance sheet, which provides flexibility to continue DHI's dividend and repurchase program. We think expectations have been reset for CY 26, with Q1 CY 26 suggesting that larger players like DHI are taking share from smaller homebuilders, which we see continuing through fiscal year-end. We see DHI winning in the entry-level segment, with its lower average selling prices pairing nicely with incentives that provide consumers attractive propositions amid a stable labor market. We see risks stemming from developments in stick and brick costs, which so far have served as an offset to land costs. With lingering geopolitical uncertainty and a P/BV of 1.8x, slightly ahead of the 10-year mean of 1.7x, we see upside remaining limited but see DHI's order book as relatively resilient in coming quarters. We lift our FY 26 EPS to $10.55 from $9.93 and FY 27 EPS to $12.03 from $11.65.

$DHI
Wire

UBS Adjusts D.R. Horton Price Target to $206 From $193, Maintains Buy Rating

D.R. Horton (DHI) has an average rating of Hold and mean price target of $165.43, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $161.25, Change: $-0.90, Percent Change: -0.56%

$DHI
US Markets

Correction: Wall Street Logs Back-to-Back Losses Amid US-Iran Talks Uncertainty

(Corrects the day to Tuesday in first para)Equities on Wall Street fell for a second straight session on Tuesday amid doubts over a fresh round of negotiations between the US and Tehran.The three main US stock indexes lost 0.6% each, with the S&P 500 closing at 7,064. The Nasdaq Composite ended at 24,260, while the Dow Jones Industrial Average settled at 49,149.4. Barring energy, all sectors were in the red, led by real estate.Shortly after market close, US President Donald Trump announced the extension of a two-week ceasefire deal with Iran, though he said the naval blockade of Iranian ports will continue. The truce was announced on April 7.Pakistan Prime Minister Shehbaz Sharif and Field Marshal Asim Munir asked for an extension, Trump said in a Truth Social post.The blockade of the crucial Strait of Hormuz had fueled uncertainty around a second round of discussions between Washington and Iran, likely to be held in Pakistan, CNN reported Tuesday. US Vice President JD Vance's plans to depart for Islamabad had reportedly been put on hold amid Iran's reluctance to participate in peace talks.West Texas Intermediate crude oil was last up 1.7% at $88.90 per barrel, while Brent climbed 3.5% to $98.82.US Treasury yields were higher, with the 10-year rate up 4.5 basis points at 4.30% and the two-year rate rising 6.5 basis points to 3.79%.Meanwhile, Kevin Warsh said the Federal Reserve, under his leadership, would be independent from the White House, CNBC reported. He made the remarks at his Senate Banking Committee confirmation hearing. Warsh is Trump's Fed chair nominee.In economic news, US retail sales last month logged the largest rise since March 2025 amid a surge in spending at gasoline stations as the Middle East conflict boosted energy prices, official data showed."We expected that the headline (figure) would be gaudy due to the increase in gas prices and a pickup in unit auto sales, but the strength in other categories was surprising," Jefferies said in a note. "There is no evidence here that higher gasoline prices have motivated the consumer to tighten the belt elsewhere just yet."US pending home sales increased more than expected in March despite higher mortgage rates, data from the National Association of Realtors showed.In company news, Apple (AAPL) shares fell 2.5%, among the worst performers on the Dow. The iPhone maker said late Monday that Tim Cook will step down as chief executive and become executive chairman, with hardware engineering veteran John Ternus set to succeed him as CEO.Tractor Supply (TSCO) shares tumbled nearly 12%, the steepest decline on the S&P 500. The retailer logged first-quarter results that missed Wall Street's projections amid a below-average performance of its companion animal product business.UnitedHealth Group (UNH) raised its full-year earnings outlook, as the health insurance giant recorded an unexpected annual increase in its first-quarter results. The company's shares jumped 7%, the biggest gainer on the Dow and among the best performers on the S&P 500.D.R. Horton's (DHI) fiscal second-quarter results came in better than expected, though the homebuilder tempered its full-year revenue outlook. The company's shares advanced 5.8%, among the biggest gains on the S&P 500.Gold was down 2.1% at $4,726.10 per troy ounce, while silver dropped 4.4% to $76.53 per ounce.

Dow JonesNasdaq CompositeS&P 500$AAPL$DHI$TSCO$UNH
US Markets

Wall Street Logs Back-to-Back Losses Amid US-Iran Talks Uncertainty

Equities on Wall Street fell for a second straight session on Wednesday amid doubts over a fresh round of negotiations between the US and Tehran.The three main US stock indexes lost 0.6% each, with the S&P 500 closing at 7,064. The Nasdaq Composite ended at 24,260, while the Dow Jones Industrial Average settled at 49,149.4. Barring energy, all sectors were in the red, led by real estate.Shortly after market close, US President Donald Trump announced the extension a two-week ceasefire deal with Iran, though he said the naval blockade of Iranian ports will continue. The truce was announced April 7.Pakistan Prime Minister Shehbaz Sharif and Field Marshal Asim Munir asked for an extension, Trump said in a Truth Social post.The blockade of the crucial Strait of Hormuz had fueled uncertainty around a second round of discussions between Washington and Iran, likely to be held in Pakistan, CNN reported Tuesday. US Vice President JD Vance's plans to depart for Islamabad had reportedly been put on hold amid Iran's reluctance to participate in peace talks.West Texas Intermediate crude oil was last up 1.7% at $88.90 per barrel, while Brent climbed 3.5% to $98.82.US Treasury yields were higher, with the 10-year rate up 4.5 basis points at 4.30% and the two-year rate rising 6.5 basis point to 3.79%.Meanwhile, Kevin Warsh said the Federal Reserve, under his leadership, would be independent from the White House, CNBC reported. He made the remarks at his Senate Banking Committee confirmation hearing. Warsh is Trump's Fed chair nominee.In economic news, US retail sales last month logged the largest rise since March 2025 amid a surge in spending at gasoline stations as the Middle East conflict boosted energy prices, official data showed."We expected that the headline (figure) would be gaudy due to the increase in gas prices and a pickup in unit auto sales, but the strength in other categories was surprising," Jefferies said in a note. "There is no evidence here that higher gasoline prices have motivated the consumer to tighten the belt elsewhere just yet."US pending home sales increased more than expected in March despite higher mortgage rates, data from the National Association of Realtors showed.In company news, Apple (AAPL) shares fell 2.5%, among the worst performers on the Dow. The iPhone maker said late Monday that Tim Cook will step down as chief executive and become executive chairman, with hardware engineering veteran John Ternus set to succeed him as CEO.Tractor Supply (TSCO) shares tumbled nearly 12%, the steepest decline on the S&P 500. The retailer logged first-quarter results that missed Wall Street's projections amid a below-average performance of its companion animal product business.UnitedHealth Group (UNH) raised its full-year earnings outlook, as the health insurance giant recorded an unexpected annual increase in its first-quarter results. The company's shares jumped 7%, the biggest gainer on the Dow and among the best performers on the S&P 500.D.R. Horton's (DHI) fiscal second-quarter results came in better than expected, though the homebuilder tempered its full-year revenue outlook. The company's shares advanced 5.8%, among the biggest gains on the S&P 500.Gold was down 2.1% at $4,726.10 per troy ounce, while silver dropped 4.4% to $76.53 per ounce.

Dow JonesNasdaq CompositeS&P 500$AAPL$DHI$TSCO$UNH
Asia Markets

US Equity Indexes Fall as Vance's Trip to Pakistan on Hold Ahead of Iran Ceasefire Deadline

US equity indexes fell on Tuesday, while crude oil futures jumped as President Donald Trump reportedly extended the Iran ceasefire deal until Tehran submits a "unified proposal" to end the war.The Nasdaq Composite fell 0.3% to 24,334.81, with the S&P 500 down 0.6% to 7,064.01 and the Dow Jones Industrial Average lower by 0.6% to 49,149.38. All three gauges traded higher earlier in the session. All sectors except energy fell. Real estate, utilities, and industrials led the decliners.Trump said he has extended the ceasefire until Tehran submits a proposal to end the conflict permanently, CNN reported late Tuesday. The ceasefire was due to expire on Wednesday evening ET. Trump said he will continue the US blockade of Iranian ports.Trump said the extension was warranted as Tehran's government is "seriously fractured," CNBC reported.Vice President JD Vance was set to leave Tuesday morning for Pakistan, the expected location for the US-Iran talks, but his trip has been put on hold, CNN reported. The US blockade of the Strait of Hormuz has contributed to the ongoing uncertainty surrounding a second round of talks, CNN cited sources as saying.West Texas Intermediate crude oil futures climbed 2.8% to $92.13, and Brent crude futures advanced 1.6% to $96.98.Most US Treasury yields rose, with the 10-year up 4.8 basis points to 4.3% and the two-year climbed 6.9 basis points to 3.79%.Gold futures declined 2.3% to $4,718.1 and silver futures dropped 4.7% to $76.28.In economic news, US retail sales rose 1.7% in March, above the 1.4% increase expected in a Bloomberg-compiled survey and following the previous month's revised 0.7% gain. Removing both motor vehicles and a 15.5% surge in gasoline station sales, retail sales were up 0.6% in March, the same as in February.Pending home sales rose by 1.5% in March, above the 0.5% increase expected in a survey compiled by Bloomberg and following a 2.5% increase in February, according to the National Association of Realtors. The monthly sales index was down 1.1% from March 2025.In company news, UnitedHealth Group (UNH) raised its full-year earnings outlook on Tuesday, as the health insurance giant recorded an unexpected annual increase in its Q1 results. Shares jumped 7%, among the top gainers on the S&P 500 and the Dow.D.R. Horton's (DHI) fiscal Q2 results came in better than expected, although the homebuilder tempered its full-year revenue outlook. Shares advanced 5.8%, among the S&P 500's outperformers.Moody's (MCO) said Tuesday that it is deepening its partnership with Microsoft (MSFT) by embedding its credit intelligence into Microsoft 365 Copilot and other AI-driven enterprise tools, expanding its presence across financial workflows. Shares of Microsoft rose 1.5%, among the Dow's leaders.Apple (AAPL) shares fell 2.5%, among the Dow's laggards, a day after the company said that Tim Cook will become executive chairman after a nearly 15-year stint as chief executive officer, effective Sept 1.

Dow JonesNasdaq CompositeS&P 500$AAPL$DHI$MCO$MSFT$UNH
Sectors

Sector Update: Consumer Stocks Decline Late Afternoon

Consumer stocks were lower late Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.8%.In sector news, Redbook US same-store sales rose 6.7% from a year earlier in the week ended April 18 after a 7% year-over-year increase in the previous week.In corporate news, T-Mobile's (TMUS) largest shareholder, Deutsche Telekom, is mulling a full combination with the US-based carrier in what would be the largest-ever public M&A deal, Bloomberg reported. T-Mobile shares were down 1.4%.Tractor Supply (TSCO) reported Q1 results that missed market projections amid a below-average performance of its companion animal product business. Its shares dropped past 12%.D.R. Horton's (DHI) fiscal Q2 results came in better than expected, although the homebuilder tempered its full-year revenue outlook. Its shares rose past 6%.Estee Lauder (EL) has hired JPMorgan (JPM) to come up with a financing package of about 5 billion euros ($5.88 billion) to fund its takeover of Puig, Spanish business newspaper Expansion reported Tuesday. Estee Lauder shares were down 3%.

$DHI$EL$TMUS$TSCO
US Markets

Equities Fall Intraday, Oil Jumps Amid Uncertainty Around US-Iran Talks

US benchmark equity indexes were lower intraday, while oil prices rose amid uncertainty around the prospects of a fresh round of negotiations between Washington and Iran.The S&P 500 was down 0.4% at 7,084.3 after midday Tuesday, while the Nasdaq Composite fell 0.3% to 24,337.3. The Dow Jones Industrial Average shed 0.2% to 49,339.2. Barring energy and consumer discretionary, all sectors were in the red, led by real estate.West Texas Intermediate crude oil was up 4.7% at $93.80 per barrel, while Brent rose 4.2% to $99.52.The blockade of the crucial Strait of Hormuz by the US has contributed to the ongoing uncertainty around a second round of discussions between Washington and Iran, as the deadline for a recently announced ceasefire looms, CNN reported Tuesday, citing sources. US Vice President JD Vance, who was expected to leave for Pakistan earlier in the day, was still in Washington for meetings, unnamed sources told the news outlet.The US is "going to end up with a great deal" with Iran to end the war, CNBC reported, citing President Donald Trump. He reportedly doesn't expect to extend the ceasefire due to expire Wednesday.US Treasury yields were higher intraday, with the 10-year rate up 4.4 basis points at 4.29% and the two-year rate rising 6.3 basis point to 3.78%.In economic news, US retail sales last month logged the largest rise since March 2025 amid a surge in spending at gasoline stations as the Middle East conflict boosted energy prices, official data showed."We expected that the headline (figure) would be gaudy due to the increase in gas prices and a pickup in unit auto sales, but the strength in other categories was surprising," Jefferies said in a note. "There is no evidence here that higher gasoline prices have motivated the consumer to tighten the belt elsewhere just yet."US pending home sales increased more than expected in March despite higher mortgage rates, data from the National Association of Realtors showed."Contract signings rose in March despite higher mortgage rates, pointing to pent-up housing demand," NAR Chief Economist Lawrence Yun said. "A greater supply of inventory will help translate that demand into more home sales."In company news, Apple (AAPL) shares were down 2.6%, among the worst performers on the Dow. The iPhone maker said late Monday that Tim Cook will step down as chief executive and become executive chairman, with hardware engineering veteran John Ternus set to succeed him as CEO.Tractor Supply (TSCO) shares tumbled nearly 11% intraday Tuesday, the steepest decline on the S&P 500. The retailer logged first-quarter results that missed Wall Street's projections amid a below-average performance of its companion animal product business.UnitedHealth Group (UNH) raised its full-year earnings outlook, as the health insurance giant recorded an unexpected annual increase in its first-quarter results. The company's shares were up 8.9%, the biggest gainer on the S&P 500 and the Dow.D.R. Horton's (DHI) fiscal second-quarter results came in better than expected, though the homebuilder tempered its full-year revenue outlook. The company's shares jumped 7.2%, among the best performers on the S&P 500.Gold was down 2.1% at $4,730 per troy ounce, while silver dropped 4.1% to $76.74 per ounce.

Dow JonesNasdaq CompositeS&P 500$AAPL$DHI$TSCO$UNH
Sectors

Sector Update: Consumer Stocks Ease in Afternoon Trading

Consumer stocks were lower Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.2%.In sector news, Redbook US same-store sales rose by 6.7% from a year earlier in the week ended April 18 after a 7% year-over-year increase in the previous week. "Some retailers reported weaker year-over-year Easter sales, facing challenging comparisons to last year's pre-Easter shopping week in April," Redbook noted. Sales of home improvement items and outdoor merchandise picked up as spring began while household basics, food and consumables held steady.In corporate news, Tractor Supply (TSCO) reported Q1 results that missed Wall Street's projections amid a below-average performance of its companion animal product business. Its shares dropped past 10%.D.R. Horton's (DHI) fiscal Q2 results came in better than expected, although the homebuilder tempered its full-year revenue outlook. Its shares rose past 7%.Estee Lauder (EL) has hired JPMorgan (JPM) to come up with a financing package of about 5 billion euros ($5.88 billion) to fund its takeover of Puig, Spanish business newspaper Expansion reported Tuesday. Estee Lauder shares were down 1.4%.

$DHI$EL$TSCO
Sectors

Sector Update: Consumer

Consumer stocks were lower Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.4%.In corporate news, D.R. Horton's (DHI) fiscal Q2 results came in better than expected, although the homebuilder tempered its full-year revenue outlook. Its shares rose nearly 7%.

$DHI
Asia Markets

US Equity Indexes Slip as Investors Await Fate of Iran Peace Talks in Pakistan

US equity indexes gave up intraday gains as crude oil futures gathered momentum after midday Tuesday, amid a fast-approaching deadline for Washington and Tehran to find a deal in the second round of talks in Pakistan.The Nasdaq Composite fell 0.3% to 24,339.8, with the S&P 500 down 0.3% to 7,087.2 and the Dow Jones Industrial Average lower by 0.2% to 49,370.3. All three gauges traded higher earlier in the session alongside corporate results.All sectors except consumer discretionary and energy fell, with real estate and industrials leading the decliners.President Donald Trump told CNBC on Tuesday that he expects the US and Iran to make a "great deal," referring to the proposed second round of talks in Islamabad that Iran has yet to confirm it will attend. The president added, however, that the US military is "ready" to bomb Iran if a deal is not signed by the ceasefire deadline late Wednesday and that he does not want to extend it.Iran has told regional mediators it would send a negotiating team to Islamabad on Tuesday, people familiar with the matter told The Wall Street Journal. But Tehran hasn't publicly confirmed it will send representatives, and Iran's top negotiator said, "We do not accept negotiations under the shadow of threats."West Texas Intermediate crude oil futures climbed 4.3% to $93.50, and Brent crude futures advanced 2.8% to $98.17.Most US Treasury yields rose, with the 10-year up 4.8 basis points to 4.3% and the two-year climbing 6.5 basis points to 3.78%.Gold futures declined 1.1% to $4,775.6 and silver futures dropped 2.4% to $78.15.In economic news, US retail sales rose 1.7% in March, above the 1.4% increase expected in a Bloomberg-compiled survey and following the previous month's revised 0.7% gain. Removing both motor vehicles and a 15.5% surge in gasoline station sales, retail sales were up 0.6% in March, the same as in February.Pending home sales rose by 1.5% in March, above the 0.5% increase expected in a survey compiled by Bloomberg and following a 2.5% increase in February, according to the National Association of Realtors. The monthly sales index was down 1.1% from March 2025.In company news, UnitedHealth Group (UNH) raised its full-year earnings outlook on Tuesday, as the health insurance giant recorded an unexpected annual increase in its Q1 results. Shares jumped 7.6%, the top gainer on the S&P 500 and the Dow.D.R. Horton's (DHI) fiscal Q2 results came in better than expected, although the homebuilder tempered its full-year revenue outlook. Shares advanced 7.1%, among the S&P 500's outperformers.Moody's (MCO) said Tuesday that it is deepening its partnership with Microsoft (MSFT) by embedding its credit intelligence into Microsoft 365 Copilot and other AI-driven enterprise tools, expanding its presence across financial workflows. Shares of Microsoft rose 1.4%, among the Dow's leaders.Apple (AAPL) shares fell 1.5%, among the Dow's laggards, a day after the company said that Tim Cook will become executive chairman after a nearly 15-year stint as chief executive officer, effective Sept 1.

Dow JonesNasdaq CompositeS&P 500$AAPL$DHI$MCO$MSFT$UNH
Japan

US Equity Indexes Give Up Gains as Investors Await Fate of Iran Peace Talks

US equity indexes fell, giving up intraday gains, as crude oil futures gathered momentum in midday trading on Tuesday, with investors still awaiting confirmation from Iran that it will attend the second round of peace talks in Pakistan.The Nasdaq Composite slipped 0.1% to 24,380.8, with the S&P 500 down 0.2% to 7,097.6 and the Dow Jones Industrial Average lower by 0.2% to 49,337.5. All three gauges traded higher earlier in the session amid the flow of quarterly results.President Donald Trump told CNBC on Tuesday that he expects the US and Iran to make a "great deal," referring to the proposed second round of talks in Islamabad that Iran has yet to confirm it will attend. The president added, however, that the US military is "ready" to bomb Iran if a deal is not signed by the ceasefire deadline Wednesday evening and that he does not want to extend it.West Texas Intermediate crude oil futures climbed 4.3% to $93.50, and Brent crude futures advanced 2.8% to $98.17.In company news, UnitedHealth Group (UNH) raised its full-year earnings outlook on Tuesday, as the health insurance giant recorded an unexpected annual increase in its Q1 results. Shares jumped 7.6%, the top gainer on the S&P 500 and the Dow.D.R. Horton's (DHI) fiscal Q2 results came in better than expected, although the homebuilder tempered its full-year revenue outlook. Shares advanced 7.1%, among the S&P 500's outperformers.

Dow JonesNasdaq CompositeS&P 500$DHI$UNH
Wire

Top Midday Stories: UnitedHealth Raises 2026 EPS Guidance, Shares Soar; Cook to Step Down as Apple CEO

The Dow Jones Industrial Average and S&P 500 were down, while the Nasdaq Composite was up in late-morning trading Tuesday after President Donald Trump told CNBC earlier in the day that he expects the US and Iran to reach a deal before the ceasefire expires on Wednesday.In company news, UnitedHealth (UNH) reported Q1 adjusted earnings Tuesday of $7.23 per diluted share, up from $7.20 a year earlier and above the FactSet consensus analyst estimate of $6.58. First-quarter revenue was $111.72 billion, up from $109.58 billion a year ago and above the FactSet consensus of $109.43 billion. For 2026, the company said it expects adjusted EPS of over $18.25, up from its prior guidance of $17.75 and above the FactSet consensus of $17.86. UnitedHealth shares were up 8.0% around midday.Apple (AAPL) said late Monday that Tim Cook will step down as chief executive and become executive chairman, effective Sept. 1. Current Senior Vice President of Hardware Engineering John Ternus will succeed Cook as CEO, the company said. Apple shares were down 1.7%.Amazon (AMZN) said late Monday it will invest $5 billion in Anthropic and up to another $20 billion if certain commercial milestones are met in the future. Meanwhile, Anthropic said it's committed to spending over $100 billion over the next 10 years on Amazon Web Services technologies. Separately, Amazon said Tuesday it has launched a GLP-1 Management Program through Amazon One Medical that provides primary care, pharmacy services and virtual care options to help patients achieve and maintain their weight-loss goals. Amazon shares were up 1.8%.D.R. Horton (DHI) reported fiscal Q2 net income Tuesday of $2.24 per diluted share, down from $2.58 a year earlier but above the FactSet consensus of $2.13. Fiscal Q2 revenue was $7.56 billion, down from $7.73 billion a year ago but above the FactSet consensus of $7.55 billion. For fiscal 2026, the company said it now expects revenue of $33.50 billion to $34.50 billion, compared with its prior guidance of $33.50 billion to $35 billion. Analysts polled by FactSet expect $33.29 billion. D.R. Horton shares were up 7.5%.GE Aerospace (GE) reported Q1 adjusted earnings Tuesday of $1.86 per share, up from $1.49 a year earlier and above the FactSet consensus of $1.60. First-quarter revenue was $11.61 billion, up from $9.94 billion a year ago and above the FactSet consensus of $10.71 billion. For 2026, the company maintained its adjusted EPS guidance range of $7.10 to $7.40, below the FactSet consensus of $7.49. GE shares were down 5.1%.Danaher (DHR) reported Q1 adjusted earnings Tuesday of $2.06 per diluted share, up from $1.88 a year earlier and above the FactSet consensus of $1.94. First-quarter sales were $5.95 billion, up from $5.74 billion a year ago but below the FactSet consensus of $5.98 billion. For Q2, the company said it expects non-GAAP core revenue to increase in the low single-digit percent range from the year prior. For full-year 2026, Danaher said it expects adjusted EPS of $8.35 to $8.55, compared with its prior guidance of $8.35 to $8.50 and the FactSet consensus of $8.40. Danaher shares were down 0.3%.Price: $347.72, Change: $+24.24, Percent Change: +7.49%

$AAPL$AMZN$DHI$DHR$GE$UNH
US Markets

D.R. Horton Tops Second-Quarter Views, Tempers Revenue Expectations

D.R. Horton's (DHI) fiscal second-quarter results came in better than expected, although the homebuilder tempered its full-year revenue outlook.The company's net income per share dropped to $2.24 for the quarter ended March 31 from $2.58 a year earlier, but surpassed the FactSet-polled consensus of $2.13. Revenue fell to $7.56 billion from $7.73 billion, while analysts expected $7.55 billion.The stock was up 7.7% intraday Tuesday, and has gained about 15% since the start of the year."New home demand remains impacted by affordability constraints and cautious consumer sentiment," Chief Executive Paul Romanowski said during an earnings call, according to a FactSet transcript. "However, our tenured teams continue to respond to current market conditions with discipline."The company reduced its unsold inventory by 35% from a year ago, Romanowski said. D.R. Horton had 38,200 homes in inventory at the end of March, of which 22,900 were unsold.The company is now projecting fiscal 2026 revenue in the range of $33.5 billion to $34.5 billion, with the top end revised from $35 billion. The Street's estimate indicates $33.29 billion. The company now expects 86,000 to 87,500 homes closed for the ongoing fiscal year, trimming the upper end from 88,000 units."We expect our sales incentives to remain elevated in fiscal 2026, with incentive levels dependent on demand, mortgage interest rates and other market conditions," Executive Chairman David Auld said in a statement.The company's homebuilding revenue dropped 2% to $7.06 billion in the second quarter, while the number of homes closed rose 1% to 19,486 units. Net sales orders jumped 11% to 24,992 homes with an order value of $9.2 billion.For the ongoing quarter, D.R. Horton expects revenue between $8.8 billion and $9.3 billion, Jessica Hansen, senior vice president of communications and people, told analysts on the call. Analysts are looking for third-quarter revenue of $8.95 billion."We recognize the current volatility and uncertainty in the broader economy, and we will continue to adjust to market conditions with discipline as we focus on enhancing the long-term value of D.R. Horton," Romanowski said.Price: $165.63, Change: $+12.29, Percent Change: +8.01%

$DHI
Sectors

Sector Update: Consumer Stocks Rise Premarket Tuesday

Consumer stocks were rising premarket Tuesday, with the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.9% higher and the State Street Consumer Staples Select Sector SPDR ETF (XLP) slightly advancing.D.R. Horton (DHI) stock was up more than 6% after the company reported fiscal Q2 net income and revenue that exceeded analysts' expectations.Amazon.com (AMZN) founder and Executive Chairman Jeff Bezos is nearing a $10 billion fundraising agreement from investors at a $38 billion valuation for his Project Prometheus, the Financial Times reported, citing unnamed people familiar with the matter. Amazon.com shares were up more than 2% pre-bell.Simply Good Foods (SMPL) said it plans to reduce staff by around 15% as part of a cost-cutting initiative. Shares of Simply Good Foods were 0.3% higher premarket.

$AMZN$DHI$SMPL$XLP$XLY
Commodities

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Tuesday Amid Second Round of US-Iran Talks

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.2% and the actively traded Invesco QQQ Trust (QQQ) advanced 0.3% in Tuesday's premarket activity, amid a second round of talks between the US and Iran.US stock futures were also higher, with S&P 500 Index futures up 0.4%, Dow Jones Industrial Average futures advancing 0.6%, and Nasdaq futures gaining 0.4% before the start of regular trading.The Philadelphia Federal Reserve Bank's monthly non-manufacturing activity index rose to minus 16.5 in April from minus 23.9 in the previous month, compared with expectations for a small increase to a minus 19.8 reading in a survey compiled by Bloomberg as of 7:35 am ET, indicating a slower pace of contraction in the sector.US retail sales rose 1.7% in March, above expectations for a 1.4% increase and compared with a prior 0.7% gain.The pending home sales data for March and the business inventories data for February will be released at 10:00 am ET.Fed Governor Christopher Waller is slated to speak on Tuesday.In premarket action, bitcoin advanced by 0.4%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.5% higher, Ether ETF (EETH) retreated 0.2%, and Bitcoin & Ether Market Cap Weight ETF (BETH) declined by 0.3%.Power Play:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) gained 0.8%, the Vanguard Health Care Index Fund (VHT) was 0.9% higher, while the iShares US Healthcare ETF (IYH) rose 2%. The iShares Biotechnology ETF (IBB) advanced 0.02%.UnitedHealth (UNH) stock was up more than 7% premarket after the company reported higher Q1 adjusted earnings and revenue.Winners and Losers:FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.4%. Direxion Daily Financial Bull 3X Shares (FAS) was up 1.2%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.8% lower.MSCI (MSCI) shares were up more than 4% pre-bell after the company reported higher Q1 adjusted earnings and revenue.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced 0.3%, and the iShares US Technology ETF (IYW) was 0.6% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 0.4%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) increased by 1.9%, while the iShares Semiconductor ETF (SOXX) rose by 1%.Onto Innovation (ONTO) shares were up more than 2% in Tuesday's premarket activity after the company said it plans for a $710 million equity investment in Rigaku to advance the so-called process control services for semiconductor manufacturing.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) retreated by 0.2% and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was 0.3% lower. The iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained 0.9%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was 0.6% higher.D.R. Horton (DHI) shares were up more than 6% pre-bell after the company reported higher-than-expected fiscal Q2 net income and revenue.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) slipped by 0.1%, while the Vanguard Industrials Index Fund (VIS) retreated 0.2% and the iShares US Industrials ETF (IYJ) was inactive.Grupo Aeroportuario del Pacifico (PAC) stock was down more than 1% before the opening bell after the company said its Q1 passenger traffic dropped by 5.5% year-over-year, even as its net income and revenue were higher.EnergyThe iShares US Energy ETF (IYE) was up 0.1%, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 0.2%.Shell (SHEL) stock was up 0.7% before the opening bell. Reuters reported, citing court documents, that the company faces a fresh lawsuit by a Dutch climate activist organization demanding it immediately end its investments in new oil and gas projects.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 0.4% to $89.29 per barrel on the New York Mercantile Exchange. Natural gas declined by 0.8% to $2.67 per 1 million British Thermal Units. The United States Oil Fund (USO) increased by 0.9%, while the United States Natural Gas Fund (UNG) was 0.4% higher.Gold futures for May were down by 0.4% to $4,812.10 an ounce on the Comex. Silver futures retreated by 1.1% to $79.73 an ounce. SPDR Gold Shares (GLD) was 0.4% lower, and the iShares Silver Trust (SLV) fell by 0.7%.

Dow JonesNasdaq CompositeS&P 500$BETH$BITO$DHI$EEM$EETH$EXI$FAS$FAZ$GLD$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$MSCI$ONTO$PAC$PMR$QQQ$RTH$SHEL$SLV$SOXX$SPY$UNG$UNH$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Sectors

Sector Update: Consumer

Consumer stocks were flat to lower premarket Tuesday, with the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) inactive and the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.3%.D.R. Horton (DHI) stock was up more than 7% after the company reported fiscal Q2 net income and revenue that exceeded analysts' expectations.

$DHI
Research

Research Alert: D.r. Horton: Q2 Fy 26 Margins Beat Guidance As Orders Rise 11%

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:DHI reported mixed Q2 FY 26 (Sep.) results with closings up 1% to 19,486 homes but revenue down 2% to $7.0B due to a 3% decline in average selling prices to $362K. EPS of $2.24 beat consensus of $2.12 despite falling 13% as net income dropped 20% to $647.9M, while homebuilding pre-tax margin compressed 230 bps to 10.7%. We see DHI differentiating itself from peers through market share gains, evidenced by accelerated order value growth despite elevated sales incentives. Management updated FY 26 guidance to $33.5B-$34.5B in revenues and 86K-87.5K homes closed, acknowledging incentives will remain elevated through FY 26. Net sales orders accelerated 11% to 24,992 homes valued at $9.2B, though demand remains softer than historical seasonality. The sales backlog of 16,882 homes worth $6.4B provides improved visibility, up 19% and 17%, respectively. We believe DHI's value proposition continues resonating with consumers despite mortgage rate uncertainty impacting seasonal demand patterns.

$DHI
US Markets

Stocks Rise Pre-Bell as Traders Weigh Uncertainty Over US-Iran Talks

US equity futures were pointing higher on Tuesday as traders monitor uncertainty over a potential fresh round of talks between the US and Iran and await the latest batch of corporate earnings.The S&P 500 and the Dow Jones Industrial Average rose 0.2% each in premarket activity, while the Nasdaq added 0.3%. The S&P 500 and the Nasdaq finished the previous trading session lower, with the latter snapping a 13-day winning streak, while the Dow was little changed.President Donald Trump said Vice President JD Vance is ready to leave for Pakistan for a second round of peace talks with Iran, according to a Bloomberg report. Iran, however, hasn't publicly confirmed if any representative from its side will participate in the latest proposed negotiations."We do not accept negotiations under the shadow of threats, and in the past two weeks, we have prepared to reveal new cards on the battlefield," Iranian Parliament Speaker Mohammad Bagher Ghalibaf said in a Monday post on X. Iran's President Masoud Pezeshkian said in a social media post that the country still has "deep historical mistrust" towards the US government's conduct.Trump said Monday that the US is not likely to extend its current ceasefire with Iran if a deal isn't agreed, Bloomberg News reported. The ceasefire is set to expire "Wednesday evening Washington time," Trump reportedly said."I'm not going to be rushed into making a bad deal," Trump said in a phone interview, according to Bloomberg. "We've got all the time in the world."The US-Iran ceasefire may be extended by up to two weeks, though it will take much longer to hammer out a complete peace agreement, Macquarie Group said in a note on Monday.West Texas Intermediate crude oil declined 1.2% to $88.55 a barrel before the opening bell, while Brent decreased 0.9% to $86.68."Oil prices are being whipsawed by developments in the Middle East once again, with what appears to be de-escalation quickly turning to re-escalation," ING Bank said in a Monday report.Treasury yields were moving upwards in premarket action, with the two-year rate gaining 2.1 basis points to 3.74% and the 10-year rate edging 0.6 basis points higher to 4.26%.GE Aerospace (GE), UnitedHealth (UNH), Danaher (DHR), Northrop Grumman (NOC), 3M (MMM), D.R. Horton (DHI), Tractor Supply (TSCO) and Genuine Parts (GPC) are scheduled to report their latest financial results before the bell, among others.Shares of Amazon.com (AMZN) inclined 2.7% pre-bell after the e-commerce giant said it will invest $5 billion in artificial intelligence startup Anthropic and up to another $20 billion in the future if certain commercial milestones are met.Apple (AAPL) nudged 0.3% lower after the iPhone maker announced that Tim Cook will step down as chief executive and become executive chairman, with hardware engineering veteran John Ternus set to succeed him as CEO. Alaska Air (ALK) fell 2.9% after reporting its latest quarterly results.Tuesday's economic calendar has the retail sales report for March at 8:30 am ET, followed by the pending home sales index for the same month at 10 am.Federal Reserve Chair nominee Kevin Warsh's hearing before the Senate Banking committee is slated for 10 am. Fed Governor Christopher Waller is expected to speak at 2:30 pm.Gold slipped 0.6% to $4,801 per troy ounce, while bitcoin traded up 0.4% at $76,575.

Dow JonesNasdaq CompositeS&P 500$AAPL$ALK$AMZN$DHI$DHR$GE$GPC$MMM$NOC$TSCO$UNH
US Markets

Homebuilders' Earnings Likely to be Weighed Down by War Fallout, Soft Spring Selling Season, Truist Says

Several key US homebuilders' earnings this year are likely to take a hit, as the economic fallout from the Middle East conflict weighs on an already-soft spring selling season, Truist Securities said Thursday.The brokerage lowered its bottom-line estimates for the upcoming quarter and full year for six homebuilders. These are D.R. Horton (DHI), Meritage Homes (MTH), NVR (NVR), PulteGroup (PHM), Taylor Morrison Homes (TMHC), and Toll Brothers (TOL).Truist also trimmed its price targets for the six stocks, as it factored in inflation and the erosion in consumer confidence amid higher oil prices driven mainly by the US-Israel war with Iran that broke out at the end of February."The timing of this war was very unfortunate," Truist analyst Jonathan Bettenhausen said in a note to clients. "While we think industry expectations for this spring selling season were already calling for a roughly down low-single-digit environment from last year, we find it unlikely that a significant deterioration in the geopolitical environment was factored into those expectations."The brokerage said that while it's not expecting "many beats" among the stocks it covers, its favorite going into the latest quarterly print is Taylor Morrison. That stock likely has "the most bad news priced in," Bettenhausen wrote."We think any optimism on the spring selling season has effectively evaporated, and we have lowered our demand assumptions accordingly for (the first half) quarters, but also for the back half of the year on worse spring (build-to-order) new order demand," the analyst said.With new home sales and new residential construction data for March yet to be released, alternative market indicators such as mortgage reports and Google Trends "do not yield encouraging demand trends, which in our view, confirms the prevailing market sentiment on demand," according to the note.On Wednesday, the National Association of Home Builders and Wells Fargo said US homebuilder confidence sank this month to the lowest since September amid economic uncertainty, as well as increasing building material costs and interest rates.The White House is optimistic about reaching a deal with Iran, noting that a potential second round of talks would likely be held in Pakistan. Over the weekend, US-Iran peace negotiations in Islamabad ended without a deal. Meanwhile, a two-week ceasefire between Washington and Tehran holds.Price: $144.72, Change: $+0.52, Percent Change: +0.36%

$DHI$MTH$NVR$PHM$TMHC$TOL

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