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Homebuilders slip despite a strong report from Lennar (LEN -2%) earlier today. MarketWatch's Sam...

Homebuilders slip despite a strong report from Lennar (LEN -2%) earlier today. MarketWatch's Sam Mamudi warns that much of the sector has already had a huge bounce, and with a slew of housing data due out this week, most of it is second-tier stuff and already baked into share prices, so we could be in for some heavy profit-taking on some of the bigger movers in the sector: TOL-1%, DHI -1.7%, HOV -1.3%, PHM -1.3%. ETFs: XHB -1.2%, ITB -1.4%.
Comments (1)
  • no kidding. Know when to fold em.
    24 Sep 2012, 05:41 PM Reply Like
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