PulteGroup

  • PHM

  • $128.12

  • +0.05%

  • $128.53

  • $130.14

  • $127.90

Ticker Appearances

Daily Technical Strategy
Fri, May 10, 2024 | 6:34PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

What does this Discretionary weakness say about the Consumer?

FOR THOSE WHO MISSED IT, YOU CAN VIEW MY CNBC APPEARANCE THIS MORNING (5/10) BY CLICKING HERE EQUITIES HAVE EXTENDED GAINS AND HAVE NOW COME...

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First to Market
Wed, February 28, 2024 | 8:17AM ET
Group135
FS Insight Team

Cats as Oracles

A daily market update from FS Insight — what you need to know ahead of opening bell "The best way to predict the future is...

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Daily Technical Strategy
Tue, February 27, 2024 | 7:19PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Consumer Discretionary clawing back & worth watching

EQUITY TRENDS SHOW NO EVIDENCE OF WAVERING -  SPX TRENDS REMAIN POSITIVE AND PRICES HAVE PUSHED THROUGH THE PRESIDENTS’ DAY WEEKEND WITH LITTLE TO NO...

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Tue, February 27, 2024 | 3:59PM ET

⚡ FlashInsights

Tue, February 27, 2024 | 3:59PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
Discretionary is making good strides lately, with the Equal-weighted Invesco Consumer Discretionary/Equal-weighted S&P ETF ratio (RCD/RSP 1.30% ) moving to multi-week highs as stocks like AZO 0.63%  CCL 0.96%  CZR 0.40%  HAS -0.44%  NCLS ORLY 1.33%  VFC 1.61%  TSCO 1.34%  all showing above-avg gains in today's trading. However, on a larger scale, there hasn't yet been a material breakout to suggest intermediate-term outperformance in Consumer Discretionary. However, i do suspect this happens in 2024, and once this larger downtrend is broken in the relative ratio of RCD to RSP 1.30% , we'll see some outsized relative strength in Discretionary names. as this sector will begin to outperform in the near-term, technically. It's early to overweight, but I'll be watching and this Discretionary sector certainly has some names of interest. As many know, i favor the Homebuilders like LEN -0.10% , PHM 0.05%  and DHI -0.77%  along with AMZN -2.45%  and DPZ 1.57%  (on my UPTICKS list) but also feel like the Casinos and Cruise-liners are attractive stocks for mean reversion outperformance for 2024. I like CCL 0.96% 's move today for example technically which is exceeding a 2 month downtrend and this might jumpstart this stock in the short run. Below is the ratio of Discretionary to S&P 500, both shown in Equal-weighted terms
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