Investing
Retail Stock Prices On Fire, Home Builders Burning Down (URBN, COH, LTD, PHM, DHI)
Published:
Last Updated:
There is a strong revival of retail stocks occurring after two years of the damage done by a free fall in consumer expenditures. Retail companies that are part of the S&P 500 have been among the top gainers so far this year. For the last week Urban Outfitters (NASDAQ: URBN) is up over 11%. Coach (NYSE: COH) has risen 5% as has Limited Brands (NYSE: LTD). Limited and Urban Outfitters are also among the stocks with the largest increases for the month to date and year to date.
Among the shares that have been hurt the most are those of homebuilders. S&P recently predicted that home prices will drop another 7% to 10% in 2011. Home sales and housing starts have been poor while foreclosures remain high. PulteGroup (NYSE PHM) fell 10% this last week and D.R. Horton (NYSE: DHI) was down 7%. PulteGroup is also on the declines for the month to date and year to date.
Douglas A. McIntyre
Are You Ahead, or Behind on Retirement? (sponsor)
If you’re one of the over 4 Million Americans set to retire this year, you may want to pay attention.
Finding a financial advisor who puts your interest first can be the difference between a rich retirement and barely getting by, and today it’s easier than ever. SmartAsset’s free tool matches you with up to three fiduciary financial advisors that serve your area in minutes. Each advisor has been carefully vetted, and must act in your best interests. Start your search now.
Don’t waste another minute; get started right here and help your retirement dreams become a retirement reality.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.