It's time to book profits in this surging group of stocks, says Piper Jaffray analyst

  • 📰 CNBC
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

It's time to book profits in this surging group of stocks, says Piper Jaffray technical analyst (via TradingNation)

"I would be booking some short-term profits in here right now on some of these homebuilders, waiting until we see where 10-year bond yields really shake out at," said Johnson., CEO of Chantico Global, still sees opportunity in the group, though she advises stock-picking rather than a blanket buy.

"Affordability really is in favor of homebuilders. But, the big problem for most homebuilders is that the place that is the hottest is going to be the lower end of the market," Sanchez said during the same segment. "You really need to be very picky about which homebuilders you choose to sort of exploit that part of the market."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

TradingNation Our mission at is to build the social news network that ends fake news. Follow us Overlooked_Inc

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Disney stock could gain 20% as Disney Plus grows, analyst says - Business InsiderBank of America analysts raised their five-year subscriber target for Disney Plus to 90 million, up from 60 million. Just installed the app and already watching! Any “analyst” who thinks disneyplus is going to help Disney in the long run is obviously an idiot. 10M signup means nothing when everyone is complaining about glitchy software, racist contents and lack of new shows.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Tencent Earnings Drop 13% as Rivals Intrude on Its Advertising TerritoryChinese tech giant Tencent Holdings’ profit slid as slowing economic growth at home and rising competition ate away in crucial areas such as advertising.
Source: WSJ - 🏆 98. / 63 Read more »

Apple stock could gain 14% over the next year, analyst says - Business InsiderApple has a new fan on Wall Street — and this analyst says the company's cash position and product innovation could drive a 14% gain in the stock over the next year
Source: BusinessInsider - 🏆 729. / 51 Read more »

Disney Stock Hits Record High After Company Reports 10M Disney+ Sign-Ups – UpdateUPDATED with closing stock price, analyst comments. Disney stock soared more than 6% to an all-time high after the company revealed Wednesday that its new streaming service, Disney+, has already dr…
Source: DEADLINE - 🏆 109. / 63 Read more »