Here are a few stocks that witnessed a significant rebound on Thursday according to Zacks.:
D.R. Horton, Inc. (DHI), carrying a Zacks Rank #1 (Strong Buy), rose 5.2% to $23.66 on Thursday. This homebuilder has been seeing significant improvement in profitability on the back of geographic diversity, solid cost discipline, sound balance sheet, improved liquidity position, better pricing power as well as rising home inventories and land position.
PulteGroup, Inc. (PHM) rose 4.65% to $20.94 on Thursday. This Zacks Rank #2 (Buy) stock is gaining largely from its significant land positions, broad geographic and product diversity, solid operating leverage, and better capital position.
Toll Brothers (TOL) rose 4.06% to $33.04 on Thursday. The company’s focus on raising the quality and the luxury quotient of its homes gives it a competitive advantage. The stock currently carries Zacks Rank #3 (Hold).
Lennar Corporation (LEN), which carries a Zacks Rank #3 (Hold), rose 5.47% to $38.73 on Thursday. We believe that the company is performing better than its peers by increasing selling prices, improving volumes, making opportunistic land acquisitions and consistently delivering decent profit margins. In addition to its homebuilding operations, Lennar’s multiple platforms including Rialto, Mutlifamily and Financial Services, are also driving the company’s growth.