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The Zacks Analyst Blog Highlights: DHI, JELD, BXC, LPX and DOOR
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For Immediate Release
Chicago, IL – September 10, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include D.R. Horton, Inc. (DHI - Free Report) , JELD-WEN Holding, Inc. (JELD - Free Report) , BlueLinx Holdings Inc. (BXC - Free Report) , LouisianaPacific Corp. (LPX - Free Report) and Masonite International Corp. .
Here are highlights from Wednesday’s Analyst Blog:
The Market Segment That Refuses to Cool Down
We’re well into the summer with nearly a third of September behind us. In a normal year, this would be when we’d be talking about the new school season.
But everything is kind of different this year. So instead, we are talking about vaccines and when it might be okay for us to let down our guard and do the kind of things we’ve been itching to do. After we’ve figured out how to deal with the new normal that is.
But adjusting to the new normal is easier said than done. Where a work from home operation was easily achievable, people started doing it immediately. But more and more employers are opening up to the idea, not only because it’s safer but also because of the cost savings involved.
This appears to be developing into a more permanent trend. So many people who are renting homes in areas where they can’t afford to buy will think about moving to areas where they can afford to buy, especially if this ties in with their other goals, such as raising a family.
Since mortgage rates have never been as conducive as they’ve been of late, this may just be the time when they take the plunge.
Also, home buyers typically start shopping sometime in March or April. But everything was pretty much shut down then. Even when things opened up, sellers were at first reluctant to invite strangers in, so they took their inventory off the market. This pushed up home prices, which remain elevated today.
But buoyant prices brought more sellers back on the market. So today, prices are a deterrent in only the major metropolitan areas like San Francisco, San Jose, LA, San Diego, etc. There are many other regions where affordability wouldn’t be a consideration in home buying.
All these factors are contributing to the unseasonal strength that we’re seeing in home sales. Driven by the number of people looking to start families, the number of people looking to work from home and the number of people that could potentially move from rented accommodation to take advantage of the low mortgage rates, housing demand is strong and deep.
I therefore like companies with exposure to the segment, some of which are listed below-
In the Zacks-classified Building Products - Home Builders industry, which is in the top 2% of Zacks-classified industries, there’s D.R. Horton.
D.R. Horton, Inc.: Zacks Rank #1 (Strong Buy), VGM Score B, 2020 EPS growth expected to be 37.5% on revenue that’s expected to grow 12.9%.
In the Zacks-classified Building Products – Wood industry, which is in the top 3% of Zacks-classified industries, there’s JELD-WEN, BlueLinx, LouisianaPacific and Masonite International.
JELD-WEN Holding, Inc.: Zacks Rank #1, VGM Score A, 2020 EPS growth expected to be 11.7% on revenue that’s expected to decline 4.3%. 2021 earnings will grow 24.5% on revenue that will grow 4.5%.
BlueLinx Holdings Inc.: Zacks Rank #1, VGM Score A, 2020 EPS growth expected to be 156.0% on revenue that’s expected to grow 1.5%.
LouisianaPacific Corp.: Zacks Rank #1, VGM Score A, 2020 EPS growth expected to be 156.0% on revenue that’s expected to grow 1.5%.
Masonite International Corp.: Zacks Rank #1, VGM Score B, 2020 EPS growth expected to be 42.1% on revenue that’s expected to grow -0.48%. 2021 earnings will grow 21.3% on revenue that will grow 5.6%.
Zacks’ Single Best Pick to Double
From thousands of stocks, 5 Zacks experts each picked their favorite to gain +100% or more in months to come. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
With users in 180 countries and soaring revenues, it’s set to thrive on remote working long after the pandemic ends. No wonder it recently offered a stunning $600 million stock buy-back plan.
The sky’s the limit for this emerging tech giant. And the earlier you get in, the greater your potential gain.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: DHI, JELD, BXC, LPX and DOOR
For Immediate Release
Chicago, IL – September 10, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include D.R. Horton, Inc. (DHI - Free Report) , JELD-WEN Holding, Inc. (JELD - Free Report) , BlueLinx Holdings Inc. (BXC - Free Report) , LouisianaPacific Corp. (LPX - Free Report) and Masonite International Corp. .
Here are highlights from Wednesday’s Analyst Blog:
The Market Segment That Refuses to Cool Down
We’re well into the summer with nearly a third of September behind us. In a normal year, this would be when we’d be talking about the new school season.
But everything is kind of different this year. So instead, we are talking about vaccines and when it might be okay for us to let down our guard and do the kind of things we’ve been itching to do. After we’ve figured out how to deal with the new normal that is.
But adjusting to the new normal is easier said than done. Where a work from home operation was easily achievable, people started doing it immediately. But more and more employers are opening up to the idea, not only because it’s safer but also because of the cost savings involved.
This appears to be developing into a more permanent trend. So many people who are renting homes in areas where they can’t afford to buy will think about moving to areas where they can afford to buy, especially if this ties in with their other goals, such as raising a family.
Since mortgage rates have never been as conducive as they’ve been of late, this may just be the time when they take the plunge.
Also, home buyers typically start shopping sometime in March or April. But everything was pretty much shut down then. Even when things opened up, sellers were at first reluctant to invite strangers in, so they took their inventory off the market. This pushed up home prices, which remain elevated today.
But buoyant prices brought more sellers back on the market. So today, prices are a deterrent in only the major metropolitan areas like San Francisco, San Jose, LA, San Diego, etc. There are many other regions where affordability wouldn’t be a consideration in home buying.
All these factors are contributing to the unseasonal strength that we’re seeing in home sales. Driven by the number of people looking to start families, the number of people looking to work from home and the number of people that could potentially move from rented accommodation to take advantage of the low mortgage rates, housing demand is strong and deep.
I therefore like companies with exposure to the segment, some of which are listed below-
In the Zacks-classified Building Products - Home Builders industry, which is in the top 2% of Zacks-classified industries, there’s D.R. Horton.
D.R. Horton, Inc.: Zacks Rank #1 (Strong Buy), VGM Score B, 2020 EPS growth expected to be 37.5% on revenue that’s expected to grow 12.9%.
In the Zacks-classified Building Products – Wood industry, which is in the top 3% of Zacks-classified industries, there’s JELD-WEN, BlueLinx, LouisianaPacific and Masonite International.
JELD-WEN Holding, Inc.: Zacks Rank #1, VGM Score A, 2020 EPS growth expected to be 11.7% on revenue that’s expected to decline 4.3%. 2021 earnings will grow 24.5% on revenue that will grow 4.5%.
BlueLinx Holdings Inc.: Zacks Rank #1, VGM Score A, 2020 EPS growth expected to be 156.0% on revenue that’s expected to grow 1.5%.
LouisianaPacific Corp.: Zacks Rank #1, VGM Score A, 2020 EPS growth expected to be 156.0% on revenue that’s expected to grow 1.5%.
Masonite International Corp.: Zacks Rank #1, VGM Score B, 2020 EPS growth expected to be 42.1% on revenue that’s expected to grow -0.48%. 2021 earnings will grow 21.3% on revenue that will grow 5.6%.
Zacks’ Single Best Pick to Double
From thousands of stocks, 5 Zacks experts each picked their favorite to gain +100% or more in months to come. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
With users in 180 countries and soaring revenues, it’s set to thrive on remote working long after the pandemic ends. No wonder it recently offered a stunning $600 million stock buy-back plan.
The sky’s the limit for this emerging tech giant. And the earlier you get in, the greater your potential gain.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.