Macro Monday
SPDR Home builders ETF (XHB)
This equal weighted index tracks 35 holdings of the homebuilders segment of the S&P Total Market Index (TMI) and is spread across large, mid and small cap stocks.
These comprise of the Homebuilding sub-industry, and may include exposure to the Building Products, Home Furnishings, Home Improvement Retail, Home furnishing...
All these 3 stocks are leaders in the Building Materials industry.
NASDAQ:USLM is the clear leader between the 3, breaking from its 2022 highs earlier.
The technicals between NYSE:MLM and NYSE:VMC are very similar but, the fundamentals are another story.
Martin Marietta NYSE:MLM , produces crushed stone/sand/other aggregates for...
BLDR is part of the construction industry and has had consistent gains over YTD in the range
of 95 % with favorable beats on earnings estimates and increases in revenue. Volume has been
rising in the past month. In the past when BLDR pulled back to the blue SMA100 line it then
reversed quite well and resumed its move higher. At present, BLDR is on a pullback...
$SSD just broke the resistance for cup with above average volume. RSI is just a concern which is below the trend. After good q2 results expect to get the target price
12 months Consensus Price Target: $74.33
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A risky play of course but after losing over 80% of it's value due to JPMorgan selling, Covid 19 & a slowdown in sales, company has sold 2 assets & have at present around £142m in cash
I believe a lot of the turmoil is already priced in ahead of results.
Mcap is at £142m which means their business is valued at cash level.
Very undervalued considering their cash...
