La catena delle opzioni mostra i dati chiave delle opzioni azionarie di D.R. Horton a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per D.R. Horton..

D.R. Horton (NYSE:DHI) Azioni, Catena delle Opzioni

DR HORTON INC

D.R. Horton

With operations in 126 markets across 36 states D.R. Horton is the leading homebuilder in the United States. D.R. Horton mainly builds single-family detached homes (87% of home sales revenue) and offers products to entry-level, move-up, luxury buyers, and active adults. The company offers homebuyers mortgage financing and title agency services through its financial services segment. D.R. Horton's headquarters are in Arlington, Texas, and it manages six regional segments across the United States.

Netflix

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Report trimestrali per big streaming e colosso sanitario. Attenzione anche a chipmaker, banca regionale e settore housing giovedì.

Netflix, UnitedHealth e altri 3 titoli da tenere d&#39;occhio giovedì

MRNA

Le prime ore di mercato promettono sorprese per gli investitori, con movimenti inaspettati che potrebbero cambiare le strategie finanziarie.

Netflix, Moderna e altre 3 azioni da tenere d&#39;occhio oggi

D.R. Horton Inc

Diamond Hill Investment Group, Inc. - Class A Common Stock

Diamond Hill Investment Group Inc

DHI Group Inc

President Donald Trump is back on his trade war horse, announcing plans to implement 50% <a href="https://www.benzinga.com/markets/commodities/25/07/46322995/trump-copper-tariff-mining-stocks">tariffs on imported copper</a> on August 1st. While the chance of this 50% number being the final rate is slim, given past tariff climbdowns, copper tariffs would present a new headwind to an industry that's already fighting discouraging trends: homebuilders.
That&#8217;s because copper is used in a wide array of construction necessities, such as:
<ul class="wp-block-list">
<li>HVAC systems</li>
<li>Water pipes</li>
<li>Electrical wiring</li>
<li>Roofing foundations</li>
<li>Appliance components</li>
</ul>
With mortgage rates still at their highest in decades and other tariffs on lumber and steel already weighing on the construction industry, homebuilders may struggle to withstand another blow, let alone a knockout punch like 50% tariffs on copper. It&#8217;s worth noting that more than 60% of the copper used in the U.S. is imported.
Adding insult to injury is a slowdown in home price growth (just 1.3% in June, the lowest in two years), with outright declines in markets in the South and West. Homebuilders are under pressure, and these five stocks could be assets to avoid this summer.
<h2 class="wp-block-heading">Market Pressure Is Building—Matt Maley's Trading Plan Is Ready</h2>
The perfect storm is forming: earnings momentum, rising tariff threats, and a Fed wildcard. Matt Maley is tracking fast-moving setups and quietly oversold names that could pop—and on Sunday at 1:00 PM ET, he's revealing it all. Don't wait for headlines to hit. Grab your spot <a href="https://events2.benzinga.com/matt-maley-webinar-sun-july20-2025-registration/?utm_campaign=webinar072025&amp;utm_adType=sponsorad&amp;utm_ad=RD071925">HERE</a> before this session fills up.
Here are five homebuilding stocks to consider selling due to the latest tariff threat.
<h2 class="wp-block-heading">D.R. Horton</h2>
D.R. Horton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) is no stranger to housing headwinds, as the company missed on EPS and revenue and revised down its full-year 2025 guidance projections during its April earnings report. The quarterly EPS figure of $2.58 represented a dip of more than 25% year-over-year (YoY). Despite a vast portfolio and a diverse market across 36 states, the largest U.S. homebuilder by volume received multiple downgrades and lowered price targets following its earnings release. The chart below suggests more potential trouble ahead.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXebKzejT9GcFcQwFAwLBiqgda5xQc4L4_bD_CKx3oEg_Hy8G0fHbcuw4TZza2q7uHGokSH9LsLrINjxA35wDyaPyoDRn0Vtb2iKuSqkw2l3DpuBwU12a9IGYw7xclNpRARSMbDIEw?key=wf-txSbPwBclfIWs9uBZyQ" alt="" /></figure>
The dreaded Death Cross formed on the daily chart just before the calendar flipped to 2025, and the stock is currently down more than 6% year-to-date (YTD). Investors hoping the stock had found a bottom were likely dismayed by the price rejection at the 200-day moving average. The Relative Strength Index (RSI) has returned to its May levels. Unless shares can puncture the 200-day MA, the price momentum will likely continue to tilt to the downside.
<h2 class="wp-block-heading">M/I Homes</h2>
M/I Homes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MHO#NYSE">MHO</a>) has evolved from a small regional firm into a $3 billion company, focusing on single-family homes in markets across 13 states. However, the Southern market in Florida and the Carolinas has been looking shakier lately, and the company's Q1 2025 results were an ugly miss on both EPS and revenue. The $976 million revenue figure was the lowest since Q3 2023 and represented a YoY decline of more than 7%. M/I also runs tighter margins than larger competitors, such as D.R. Horton and Lennar, giving it less room to absorb tariff costs.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeiIMyIBysX06pTT-qoXtzPrR0r0OxtKAXvLn3K5TEgfXEgcbXXqGlEmw1z5Rh9WZr7fPTBeBsI_Xuq8Op7gAfPBRJvS85gqcPi6jmjGT4Ytoex263PPXXqQVkj9B8j-fu7bEMw2g?key=wf-txSbPwBclfIWs9uBZyQ" alt="" /></figure>
Another dreaded bearish signal has appeared on the MHO chart as well, the Head and Shoulders pattern. The Head and Shoulders is a trend reversal signal characterized by two similar peaks sandwiched between a higher peak, with the ‘neckline' acting as a potential support level. This pattern on the MHO chart suggests that the price may drop back under the neckline around the $100 level, and possibly further if support can't hold.&nbsp;
<h2 class="wp-block-heading">PulteGroup</h2>
PulteGroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>) is a homebuilding behemoth with a $22 billion market cap, nearly $18 billion in annual sales and operations across the country. PHM posted a top and bottom line beat on its Q1 2025 earnings report, but that didn't stop analysts from lowering their price targets as new orders fell 7% YoY and the company reduced its home delivery guidance to under 60,000 and trimmed gross margin expectations for the second half of 2025.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXckEojxF2fvHpfn0sIta_NXqEIfHLiet3REYy3_egzGYb5rBeWQ9VGkvknAwlYFhhUwGDX4xtO335fi0JqVzbplis7bIHxEpViet-9tbivGcnpg7fxJMJSzsAp0c9STmV-ZF-kHeg?key=wf-txSbPwBclfIWs9uBZyQ" alt="" /></figure>
The PHM chart shows a double whammy: a Death Cross plus a Head and Shoulders pattern indicating a potential reversal in the long-term uptrend. The stock's upward advancement was recently rejected at the 200-day MA as the RSI briefly hit the Overbought threshold of 70. PHM has an earnings catalyst approaching on July 22 that investors should closely monitor.
<h2 class="wp-block-heading">Lennar Corp.&nbsp;</h2>
Second in size only to D.R. Horton, Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) builds homes across the United States, with annual sales exceeding $35 billion. Lennar's diversified portfolio and focus on affordable, first-time single-family homes leave it somewhat more susceptible to tariffs and market-specific slowdowns in the West and South. Lennar reported Q2 earnings in June, missing EPS expectations while beating revenue projections. However, the revenue figure represented a more than 4% YoY drop, and gross margins continue to compress.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfvPAOACN6HZaldrevTIQkB1cNv2nUUsDtTMiuCkd2Dlq8Vul-OsL2Di3UpOOd6-7VmKVqH4dXvjpqQp-zZyLJFK1xqa8ECn6a987l9luu5_ogpDdckUJjRgsYnpXdFECM-q6suaw?key=wf-txSbPwBclfIWs9uBZyQ" alt="" /></figure>
LEN shares have been rangebound since the worst of Trump's tariffs were postponed, but there's evidence the next big move will be a downward one. The downtrend that began last September has lost steam but remains intact, and the RSI indicates that any potential reversal momentum is weakening. Long-term downtrends often require volume and momentum to break, and the LEN chart is currently showing the opposite.
<h2 class="wp-block-heading">Ferguson Enterprises</h2>
As the largest U.S. plumbing supplier and second-largest HVAC equipment supplier, Ferguson Enterprises (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FERG#NYSE">FERG</a>) is a &#8220;‘picks and shovels'&#8221; homebuilding play that could be hit especially hard by copper tariffs. Copper is incorporated into nearly every product Ferguson manufactures and distributes. While it has a steady business segment in commercial projects, its heavy reliance on residential homebuilding customers could put significant pressure on the company's gross margins.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeg48DYRJXcUoAw5Jh2qdzt1A7PZ-7m0CHZD-25sX8JPWbgb6uupqLzK9wN4pvu6LfG5ib54kGzRLwJ1tPEnGth-YUUYvXz80ZzgWqQRLZi-8hE7_CVMLWIZ-n0_z9yM9acrvvB?key=wf-txSbPwBclfIWs9uBZyQ" alt="" /></figure>
FERG may also have the most concerning chart of any company on our list today. After nearly doubling in 2023, the stock stalled repeatedly around the $215 level throughout 2024. This pattern has unfortunately continued into 2025, with the stock getting stuck at the same resistance level a fourth time following a post-tariff rally into July. The RSI also indicates fading momentum following an Overbought signal, a trend shift that may not be reflected in the stock's current price. A gap fill back to $180 in the next few weeks wouldn't be surprising considering recent history.
Editorial content from our expert contributors is intended to be information for the general public and not individualized investment advice. Editors/contributors are presenting their individual opinions and strategies, which are neither expressly nor impliedly approved or endorsed by Benzinga.
Photo: Shutterstock

Opinion

FERG

5 Homebuilding Stocks To Considering Selling On Copper Tariff Threats

WIIM

BLDR

CVCO

GRBK

LGIH

NVFY

RMAX

TMHC

Shares of housing-related stocks are trading higher following a decline in MBA 30-year mortgage rates data, along with an increase in MBA Mortgage Applications data and Mortgage Refinance Index data. This may indicate that more buyers may enter the housing market.

Analyst Ratings

Live On CNBC, Stephanie Link Announces Bought More D.R Horton

<a href="https://www.benzinga.com/etfs">Homebuilder ETFs</a> posted modest gains Wednesday after a slight uptick in housing starts, but the rally may prove short-lived. 
During Wednesday afternoon trading, both the iShares U.S. Home Construction ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITB#BATS">ITB</a>) and the SPDR S&amp;P Homebuilders ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XHB#NYSE">XHB</a>) gained over 1%. Markets are possibly applauding May&#8217;s 0.4% increase in single-family housing starts. However, a deeper look shows cracks forming: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/topic/housing-market">Building permits</a> fell 2.7%</li>
<li>Builder sentiment hit a 2.5-year low</li>
<li>And <a href="https://www.benzinga.com/money/mortgage-rates">mortgage rates</a> remain near 6.8%. </li>
</ul>
These warning signs suggest structural headwinds ahead, with ETFs potentially facing renewed pressure if <a href="https://www.benzinga.com/news/25/04/44885312/for-sale-but-no-takers-the-us-housing-markets-awkward-standoff">affordability doesn't improve</a> and new construction momentum stalls.
Also Read: <a href="https://www.benzinga.com/real-estate/25/06/46000636/warren-buffetts-real-estate-business-sounds-alarm-overpriced-homes-need-reductions">Warren Buffett&#8217;s Real Estate Business Sounds Alarm: &#8216;Overpriced&#8217; Homes Need Reductions</a>
<h2 class="wp-block-heading">Homebuilder ETFs: Ride A Brief High?</h2>
Fewer building permits, a leading indicator of construction activity, and the lowest builder sentiment in two and a half years suggest a slowdown. 
While homebuilding starts indicate what&#8217;s currently being constructed, permits indicate what&#8217;s coming down the pike, and currently, what&#8217;s coming down the pike may be less.
ITB has heavy exposure to large U.S. homebuilders, including: D.R. Horton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>), Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>), and PulteGroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>). This ETF is extremely sensitive to current housing trends, as it is still off about 8% year to date.
XHB, with a more diverse mix of housing stocks, ranging from builders to furnishing and materials suppliers, tracked the advances but still trails broader market indices.
Simply put: construction momentum is leveling off. A declining permit number generally translates into fewer future starts. And the ETFs have been losing steam quickly this year, with ITB down more than 13% and XHB down 9% this year so far.
<h2 class="wp-block-heading">Confidence Cracks And Cost Pressures</h2>
National Association of Home Builders (NAHB) says builder sentiment for June fell to its lowest level since late 2022, per Reuters. Close to 37% of builders said they had provided price discounts or buyer concessions, a sign of slowing demand. High mortgage rates, sitting at around 6.8%, are also stressing affordability and holding potential buyers at bay.
For ITB and XHB ETFs, that will happen at the expense of short-term pops being trumped by long-term structural headwinds, particularly if the Federal Reserve takes its time cutting rates and supply costs stay high.
Investors must be cautious. The three factors — falling permits, declining sentiment, and still-elevated borrowing costs —could make this 1% rally a head fake. 
Without a sustained fall in mortgage rates or an improvement in permitting, homebuilder ETFs will continue to be under pressure.
Read Next:<a href="https://www.benzinga.com/news/25/06/45999567/uup-vs-the-herd-contrarian-dollar-etfs-in-focus-as-sentiment-hits-20-year-low"> </a>
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/25/06/45999567/uup-vs-the-herd-contrarian-dollar-etfs-in-focus-as-sentiment-hits-20-year-low">UUP Vs. The Herd: Contrarian Dollar ETFs In Focus As Sentiment Hits 20-Year Low</a></li>
</ul>
Image: Shutterstock

Sector ETFs

ETFs

iShares Dow Jones US Homenstruction Index Fund

Homebuilder ETFs Climb On Thin Foundation As Permits, Sentiment Slide

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/13/25</td>
<td>$325.00</td>
<td>$55.4K</td>
<td>21.2K</td>
<td>77.5K</td>
</tr>
<tr>
<td>RIVN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$15.00</td>
<td>$25.2K</td>
<td>28.2K</td>
<td>9.2K</td>
</tr>
<tr>
<td>GME</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/15/27</td>
<td>$27.00</td>
<td>$27.6K</td>
<td>324</td>
<td>5.5K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$210.00</td>
<td>$90.3K</td>
<td>39.5K</td>
<td>3.2K</td>
</tr>
<tr>
<td>DHI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$145.00</td>
<td>$38.4K</td>
<td>353</td>
<td>700</td>
</tr>
<tr>
<td>CMG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$55.00</td>
<td>$51.5K</td>
<td>1.4K</td>
<td>654</td>
</tr>
<tr>
<td>DKNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$38.00</td>
<td>$29.6K</td>
<td>5.3K</td>
<td>452</td>
</tr>
<tr>
<td>CVNA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$300.00</td>
<td>$92.4K</td>
<td>463</td>
<td>235</td>
</tr>
<tr>
<td>CAVA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/13/25</td>
<td>$74.00</td>
<td>$39.0K</td>
<td>4</td>
<td>204</td>
</tr>
<tr>
<td>LI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$32.00</td>
<td>$32.0K</td>
<td>451</td>
<td>203</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on June 13, 2025. Parties traded 111 contract(s) at a $325.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $55.4K, with a price of $498.0 per contract. There were 21273 open contracts at this strike prior to today, and today 77521 contract(s) were bought and sold. 
• For RIVN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), we notice a call option trade that happens to be bullish, expiring in 64 day(s) on August 15, 2025. This event was a transfer of 200 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $25.2K, with a price of $126.0 per contract. There were 28291 open contracts at this strike prior to today, and today 9209 contract(s) were bought and sold. 
• For GME (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), we notice a put option trade that happens to be neutral, expiring in 582 day(s) on January 15, 2027. This event was a transfer of 25 contract(s) at a $27.00 strike. The total cost received by the writing party (or parties) was $27.6K, with a price of $1107.0 per contract. There were 324 open contracts at this strike prior to today, and today 5517 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a call option sweep that happens to be bullish, expiring in 8 day(s) on June 20, 2025. This event was a transfer of 179 contract(s) at a $210.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $90.3K, with a price of $505.0 per contract. There were 39517 open contracts at this strike prior to today, and today 3264 contract(s) were bought and sold. 
• For DHI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>), we notice a call option sweep that happens to be bearish, expiring in 99 day(s) on September 19, 2025. This event was a transfer of 120 contract(s) at a $145.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $38.4K, with a price of $320.0 per contract. There were 353 open contracts at this strike prior to today, and today 700 contract(s) were bought and sold. 
• For CMG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), we notice a put option sweep that happens to be bullish, expiring in 64 day(s) on August 15, 2025. This event was a transfer of 100 contract(s) at a $55.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $51.5K, with a price of $515.0 per contract. There were 1415 open contracts at this strike prior to today, and today 654 contract(s) were bought and sold. 
• For DKNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>), we notice a call option sweep that happens to be bullish, expiring in 8 day(s) on June 20, 2025. This event was a transfer of 353 contract(s) at a $38.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $29.6K, with a price of $84.0 per contract. There were 5384 open contracts at this strike prior to today, and today 452 contract(s) were bought and sold. 
• Regarding CVNA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>), we observe a put option trade with bearish sentiment. It expires in 218 day(s) on January 16, 2026. Parties traded 20 contract(s) at a $300.00 strike. The total cost received by the writing party (or parties) was $92.4K, with a price of $4620.0 per contract. There were 463 open contracts at this strike prior to today, and today 235 contract(s) were bought and sold. 
• Regarding CAVA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>), we observe a call option trade with bullish sentiment. It expires in 1 day(s) on June 13, 2025. Parties traded 100 contract(s) at a $74.00 strike. The total cost received by the writing party (or parties) was $39.0K, with a price of $390.0 per contract. There were 4 open contracts at this strike prior to today, and today 204 contract(s) were bought and sold. 
• For LI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), we notice a call option trade that happens to be bullish, expiring in 190 day(s) on December 19, 2025. This event was a transfer of 100 contract(s) at a $32.00 strike. The total cost received by the writing party (or parties) was $32.0K, with a price of $320.0 per contract. There were 451 open contracts at this strike prior to today, and today 203 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AMZN

CAVA

CVNA

DKNG

RIVN

TSLA

10 Consumer Discretionary Stocks Whale Activity In Today's Session

D.R. Horton's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) short percent of float has risen 4.35% since its last report. The company recently reported that it has 7.96 million shares sold short, which is 3.36% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.65 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>D.R. Horton Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1749740432_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for D.R. Horton has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing D.R. Horton's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, D.R. Horton's peer group average for short interest as a percentage of float is 8.14%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into D.R. Horton's Recent Short Interest

D.R. Horton Announces Dual Listing Of Common Stock On NYSE Texas; To Maintain Primary Listing On NYSE And Trade With Same "DHI" Ticker Symbol On NYSE Texas

D.R. Horton shares are trading higher in possible sympathy with Toll Brothers, which rose after reporting Q2 results.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$350.00</td>
<td>$36.5K</td>
<td>39.2K</td>
<td>144.6K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$180.00</td>
<td>$60.6K</td>
<td>1.8K</td>
<td>3.6K</td>
</tr>
<tr>
<td>CMG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$55.00</td>
<td>$60.7K</td>
<td>4.5K</td>
<td>1.9K</td>
</tr>
<tr>
<td>W</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$40.00</td>
<td>$195.9K</td>
<td>2.6K</td>
<td>1.4K</td>
</tr>
<tr>
<td>MCD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$325.00</td>
<td>$96.1K</td>
<td>665</td>
<td>524</td>
</tr>
<tr>
<td>GCT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>05/16/25</td>
<td>$12.50</td>
<td>$62.8K</td>
<td>1.1K</td>
<td>500</td>
</tr>
<tr>
<td>DHI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$70.00</td>
<td>$162.8K</td>
<td>344</td>
<td>225</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$115.00</td>
<td>$53.9K</td>
<td>100</td>
<td>172</td>
</tr>
<tr>
<td>WYNN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/18/26</td>
<td>$80.00</td>
<td>$37.3K</td>
<td>903</td>
<td>100</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bearish, expiring in 2 day(s) on May 16, 2025. This event was a transfer of 64 contract(s) at a $350.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $36.5K, with a price of $570.0 per contract. There were 39271 open contracts at this strike prior to today, and today 144665 contract(s) were bought and sold. 
• Regarding BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we observe a call option sweep with bearish sentiment. It expires in 93 day(s) on August 15, 2025. Parties traded 328 contract(s) at a $180.00 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $60.6K, with a price of $184.0 per contract. There were 1880 open contracts at this strike prior to today, and today 3689 contract(s) were bought and sold. 
• For CMG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), we notice a put option sweep that happens to be bearish, expiring in 65 day(s) on July 18, 2025. This event was a transfer of 150 contract(s) at a $55.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $60.7K, with a price of $405.0 per contract. There were 4545 open contracts at this strike prior to today, and today 1909 contract(s) were bought and sold. 
• For W (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>), we notice a put option trade that happens to be bullish, expiring in 2 day(s) on May 16, 2025. This event was a transfer of 1400 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $195.9K, with a price of $140.0 per contract. There were 2602 open contracts at this strike prior to today, and today 1486 contract(s) were bought and sold. 
• For MCD (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>), we notice a put option sweep that happens to be bullish, expiring in 65 day(s) on July 18, 2025. This event was a transfer of 46 contract(s) at a $325.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $96.1K, with a price of $2090.0 per contract. There were 665 open contracts at this strike prior to today, and today 524 contract(s) were bought and sold. 
• Regarding GCT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GCT#NASDAQ">GCT</a>), we observe a call option sweep with neutral sentiment. It expires in 2 day(s) on May 16, 2025. Parties traded 100 contract(s) at a $12.50 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $62.8K, with a price of $615.0 per contract. There were 1122 open contracts at this strike prior to today, and today 500 contract(s) were bought and sold. 
• For DHI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>), we notice a call option trade that happens to be bullish, expiring in 2 day(s) on May 16, 2025. This event was a transfer of 30 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $162.8K, with a price of $5429.0 per contract. There were 344 open contracts at this strike prior to today, and today 225 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a call option trade with bullish sentiment. It expires in 611 day(s) on January 15, 2027. Parties traded 5 contract(s) at a $115.00 strike. The total cost received by the writing party (or parties) was $53.9K, with a price of $10792.0 per contract. There were 100 open contracts at this strike prior to today, and today 172 contract(s) were bought and sold. 
• Regarding WYNN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>), we observe a call option sweep with neutral sentiment. It expires in 583 day(s) on December 18, 2026. Parties traded 13 contract(s) at a $80.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $37.3K, with a price of $2875.0 per contract. There were 903 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BABA

WYNN

9 Consumer Discretionary Stocks Whale Activity In Today's Session

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/09/25</td>
<td>$275.00</td>
<td>$39.6K</td>
<td>10.2K</td>
<td>37.4K</td>
</tr>
<tr>
<td>GME</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$105.00</td>
<td>$181.5K</td>
<td>62</td>
<td>1.5K</td>
</tr>
<tr>
<td>JD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$36.00</td>
<td>$72.0K</td>
<td>925</td>
<td>977</td>
</tr>
<tr>
<td>PTON</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$7.50</td>
<td>$26.5K</td>
<td>962</td>
<td>687</td>
</tr>
<tr>
<td>HOG</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$30.00</td>
<td>$103.5K</td>
<td>176</td>
<td>150</td>
</tr>
<tr>
<td>BIRK</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/17/25</td>
<td>$50.00</td>
<td>$35.4K</td>
<td>65</td>
<td>79</td>
</tr>
<tr>
<td>DHI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/20/26</td>
<td>$120.00</td>
<td>$27.7K</td>
<td>17</td>
<td>21</td>
</tr>
<tr>
<td>MOD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$110.00</td>
<td>$27.0K</td>
<td>48</td>
<td>20</td>
</tr>
<tr>
<td>BKNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$5050.00</td>
<td>$30.7K</td>
<td>46</td>
<td>1</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a put option sweep with bullish sentiment. It expires in 2 day(s) on May 9, 2025. Parties traded 72 contract(s) at a $275.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $39.6K, with a price of $550.0 per contract. There were 10201 open contracts at this strike prior to today, and today 37418 contract(s) were bought and sold. 
• For GME (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), we notice a put option sweep that happens to be bullish, expiring in 254 day(s) on January 16, 2026. This event was a transfer of 23 contract(s) at a $105.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $181.5K, with a price of $7895.0 per contract. There were 62 open contracts at this strike prior to today, and today 1570 contract(s) were bought and sold. 
• For JD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), we notice a put option sweep that happens to be bearish, expiring in 135 day(s) on September 19, 2025. This event was a transfer of 144 contract(s) at a $36.00 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $72.0K, with a price of $500.0 per contract. There were 925 open contracts at this strike prior to today, and today 977 contract(s) were bought and sold. 
• Regarding PTON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTON#NASDAQ">PTON</a>), we observe a call option sweep with bullish sentiment. It expires in 9 day(s) on May 16, 2025. Parties traded 500 contract(s) at a $7.50 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $26.5K, with a price of $53.0 per contract. There were 962 open contracts at this strike prior to today, and today 687 contract(s) were bought and sold. 
• For HOG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOG#NYSE">HOG</a>), we notice a put option trade that happens to be neutral, expiring in 44 day(s) on June 20, 2025. This event was a transfer of 150 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $103.5K, with a price of $690.0 per contract. There were 176 open contracts at this strike prior to today, and today 150 contract(s) were bought and sold. 
• For BIRK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIRK#NYSE">BIRK</a>), we notice a put option sweep that happens to be bullish, expiring in 163 day(s) on October 17, 2025. This event was a transfer of 77 contract(s) at a $50.00 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $35.4K, with a price of $460.0 per contract. There were 65 open contracts at this strike prior to today, and today 79 contract(s) were bought and sold. 
• For DHI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>), we notice a put option trade that happens to be bullish, expiring in 317 day(s) on March 20, 2026. This event was a transfer of 21 contract(s) at a $120.00 strike. The total cost received by the writing party (or parties) was $27.7K, with a price of $1320.0 per contract. There were 17 open contracts at this strike prior to today, and today 21 contract(s) were bought and sold. 
• For MOD (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOD#NYSE">MOD</a>), we notice a call option trade that happens to be bullish, expiring in 254 day(s) on January 16, 2026. This event was a transfer of 20 contract(s) at a $110.00 strike. The total cost received by the writing party (or parties) was $27.0K, with a price of $1350.0 per contract. There were 48 open contracts at this strike prior to today, and today 20 contract(s) were bought and sold. 
• For BKNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>), we notice a call option trade that happens to be bearish, expiring in 44 day(s) on June 20, 2025. This event was a transfer of 1 contract(s) at a $5050.00 strike. The total cost received by the writing party (or parties) was $30.7K, with a price of $30700.0 per contract. There were 46 open contracts at this strike prior to today, and today 1 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BIRK

BKNG

PTON

9 Consumer Discretionary Stocks With Whale Alerts In Today's Session

Keefe, Bruyette &amp; Woods analyst Jade Rahmani maintains D.R. Horton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) with a Market Perform and lowers the price target from $165 to $135.

Price Target

Keefe, Bruyette & Woods Maintains Market Perform on D.R. Horton, Lowers Price Target to $135

JP Morgan analyst Michael Rehaut maintains D.R. Horton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) with a Underweight and lowers the price target from $132 to $111.

JP Morgan Maintains Underweight on D.R. Horton, Lowers Price Target to $111

RBC Capital analyst Mike Dahl maintains D.R. Horton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) with a Underperform and lowers the price target from $125 to $105.

RBC Capital Maintains Underperform on D.R. Horton, Lowers Price Target to $105

JMP Securities analyst Aaron Hecht maintains D.R. Horton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) with a Market Outperform and lowers the price target from $210 to $180.

JMP Securities Maintains Market Outperform on D.R. Horton, Lowers Price Target to $180

Barclays analyst Matthew Bouley maintains D.R. Horton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) with a Equal-Weight and lowers the price target from $120 to $110.

Barclays Maintains Equal-Weight on D.R. Horton, Lowers Price Target to $110

D.R. Horton shares are trading higher. The company reported Q2 financial results.

U.S. stocks traded mostly lower midway through trading, with the Dow Jones index falling more than 450 points on Thursday.
The Dow traded down 1.20% to 39,191.93 while the NASDAQ fell 0.09% to 16,293.14. However, the S&amp;P 500 gained 0.30% to 5,291.42.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/short-ideas/25/04/44836659/top-3-industrials-stocks-that-may-plunge-this-month">Top 3 Industrials Stocks That May Plunge This Month</a>
Leading and Lagging Sectors Energy shares surged by 2.5% on Thursday.
In trading on Thursday, information technology shares fell by 0.9%.
Top Headline
D.R. Horton, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) reported worse-than-expected second-quarter results and lowered its FY25 guidance.
Sales fell 15% year-over-year (Y/Y) to $7.73 billion, missing the consensus of $8.03 billion. EPS was $2.58, missing the consensus of $2.67. Net sales orders fell 15% Y/Y to 22,437 homes and decreased 17% Y/Y in value to $8.4 billion.
D.R. Horton revised its FY25 revenue guidance to $33.3 billion-$34.8 billion (from $36.0 billion – $37.5 billion) versus the consensus of $36.4 billion.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Baijiayun Group Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RTC#NASDAQ">RTC</a>) shares shot up 60% to $0.3447 after the company announced it formed a partnership with Xinlantian to combine their AI video and large language model technologies with expertise in autism rehabilitation.</li>
<li>Shares of Adagio Medical Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADGM#NASDAQ">ADGM</a>)got a boost, surging 138% to $2.0792 after the FDA granted Breakthrough Device Designation for the vCLAS cryoablation system.</li>
<li>Channel Therapeutics Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHRO#NYSE">CHRO</a>) shares were also up, gaining 52% to $1.9080. Ligand Pharmaceuticals Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGND#NASDAQ">LGND</a>) and Channel Therapeutics on Thursday signed a definitive merger agreement to combine Ligand's wholly owned subsidiaries, Pelthos Therapeutics Inc. and LNHC, Inc. (collectively Pelthos) with CHRO Merger Sub Inc., a wholly owned subsidiary of Channel.</li>
</ul>
Equities Trading DOWN
<ul>
<li>UnitedHealth Group Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) shares dropped 22% to $456.68 after the company reported worse-than-expected first-quarter results and cut its FY25 adjusted EPS guidance below estimates.</li>
<li>Shares of CaliberCos Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWD#NASDAQ">CWD</a>) were down 29% to $0.3200 as the company announced the pricing of the public offering units.</li>
<li>Global Payments Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>) was down, falling 18% to $69.07 after the company announced it bought a stake in Worldpay for $6.6 billion.</li>
</ul>
Commodities In commodity news, oil traded up 1.6% to $63.47 while gold traded down 1.2% at $3,305.90.
Silver traded down 2.4% to $32.200 on Thursday, while copper fell 1.3% to $4.6255.
Euro zone
European shares were lower today. The eurozone's STOXX 600 fell 0.29%, Germany's DAX 40 declined 0.64% and France's CAC 40 dipped 0.76%. Spain's IBEX 35 Index slipped 0.23%, while London's FTSE 100 fell 0.18%.
Asia Pacific Markets
Asian markets closed higher on Thursday, with Japan's Nikkei 225 gaining 1.35%, China's Shanghai Composite gaining 0.13%, Hong Kong's Gang Seng index gaining 1.61% and India's BSE Sensex gaining 1.96%.
Economics
<ul>
<li>U.S. housing starts dipped 11.4% month-over-month to an annualized rate of 1.324 million in March.</li>
<li>U.S. initial jobless claims declined by 9,000 from the previous week to 215,000 during the second week of April, versus market estimates of 225,000.</li>
<li>The Philadelphia Fed Manufacturing Index fell 39 points to a reading of -26.4 in April, and down from market estimates of 2.</li>
<li>U.S. building permits climbed by 1.6% to an annualized rate of 1.482 million in March.</li>
<li>U.S. natural-gas stocks rose 16 billion cubic feet in the week ending April 11, compared to market estimates of a 24 billion cubic feet gain.</li>
</ul>
Now Read This:
<ul>
<li> <a href="https://www.benzinga.com/25/04/44862443/intuit-to-rally-around-19-here-are-10-top-analyst-forecasts-for-thursday">Intuit To Rally Around 19%? Here Are 10 Top Analyst Forecasts For Thursday</a> </li>
</ul>
Photo via Shutterstock

Equities

Eurozone

Commodities

Intraday Update

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Gold Falls Over 1%; D.R. Horton Posts Downbeat Earnings

D.R. Horton, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) reported&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/b44859294/d-r-horton-inc-americas-builder-reports-fiscal-2025-second-quarter-earnings-and-declares-quarterly" rel="noreferrer noopener">second-quarter FY25 results</a> on Thursday.
Sales fell&nbsp;15% year-over-year (Y/Y) to&nbsp;$7.73&nbsp;billion, missing the consensus of&nbsp;$8.03 billion. EPS was&nbsp;$2.58,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">missing the consensus of&nbsp;$2.67.</a> Net sales orders fell&nbsp;15%&nbsp;Y/Y to 22,437&nbsp;homes and&nbsp;decreased&nbsp;17% Y/Y&nbsp;in value to&nbsp;$8.4 billion.
Homebuilding revenue declined&nbsp;15%&nbsp;Y/Y&nbsp;to&nbsp;$7.2&nbsp;billion. Homes closed in the quarter fell&nbsp;15% Y/Y to 19,276 homes.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/01/43246599/bofa-downgrades-dr-horton-and-smith-douglas-citing-cost-pressures-and-weak-roe-outlook" rel="noreferrer noopener">Homebuilders Brace For Tough 2025, Analyst Downgrades D.R. Horton And Smith Douglas Amid Market Pressures</a>
The sales order backlog of homes under contract as of March 31, 2025, decreased&nbsp;21% year over year to 14,164&nbsp;homes and&nbsp;22% year over year in value to&nbsp;$5.5&nbsp;billion.
D.R. Horton had 36,900&nbsp;homes in inventory, of which 23,500&nbsp;were unsold as of March 31, 2025.
Return on equity was&nbsp;17.4%, and return on assets stood at&nbsp;12.2% for the trailing twelve months ended March 31, 2025.
Operating cash flow stood at&nbsp;$210.5&nbsp;million in the six months ended March 31, 2025.
As of March 31, 2025, the cash balance was&nbsp;$2.5&nbsp;billion, and the available capacity on its credit facilities was&nbsp;$3.3&nbsp;billion, for a total liquidity of&nbsp;$5.8&nbsp;billion.
Buyback: D.R. Horton repurchased 9.7&nbsp;million shares for&nbsp;$1.3&nbsp;billion&nbsp;during the quarter. The company's remaining stock repurchase authorization as of March-end&nbsp;was&nbsp;$1.2&nbsp;billion.
In April 2025, the Board of Directors approved a new $5.0 billion share repurchase authorization, replacing the prior program, which had $1.1 billion remaining following post-quarter-end buybacks.
Dividend: Subsequent to year-end, the company declared the quarterly dividend of&nbsp;$0.40&nbsp;per share, payable on May 9, to shareholders of record as of May 2, 2025.
FY25&nbsp;Outlook: D.R. Horton revised its revenue guidance to&nbsp;$33.3 billion-$34.8 billion (from $36.0 billion –&nbsp;$37.5 billion) versus&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">the&nbsp;consensus of&nbsp;$36.4 billion</a>.
It now expects homes closed to be 85,000-87,000 homes (vs. 90,000-92,000 homes prior) for the year.
DHI projects FY25 operating cash flow to be greater than $3.0 billion.
The company revised its share repurchase outlook for FY25&nbsp;to approximately $4.0 billion (from&nbsp;$2.6 billion—$2.8 billion&nbsp;earlier).
The company continues to expect dividend&nbsp;payments of around&nbsp;$500 million.
David Auld, Executive Chairman, said, "The 2025 spring selling season started slower than expected as potential homebuyers have been more cautious due to continued affordability constraints and declining consumer confidence."
"Our tenured operators are responding appropriately to market conditions by increasing sales incentives where necessary to drive traffic and incremental sales, while carefully balancing pace versus price to maximize returns."
Investors can gain exposure to the stock via&nbsp;IShares U.S. Home Construction ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITB#BATS">ITB</a>) and&nbsp;Exchange Listed Funds Trust Long Pond Real Estate Select ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPRE#NYSE">LPRE</a>).
Price Action:&nbsp;DHI shares are down 3.86% at $113.00&nbsp;premarket at the last check Thursday.
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Homebuyers Cautious Due To 'Continued Affordability Constraints And Declining Consumer Confidence:' D.R. Horton Cuts Annual Outlook

Guidance Based on the Company's results for the first half of the fiscal 2025 and current market conditions, D.R. Horton is updating its guidance for fiscal 2025 as follows:
<ul>
<li>Consolidated revenues in the range of $33.3 billion to $34.8 billion</li>
<li>Homes closed by homebuilding operations of 85,000 homes to 87,000 homes</li>
<li>Consolidated cash flow provided by operations of greater than $3.0 billion</li>
<li>Share repurchases of approximately $4.0 billion</li>
</ul>

D.R. Horton Revised FY25 Guidance For Revenue To $33.3B-$34.8B (From $36B-$37.5B) Vs $36.4B Est., Homes Closed By Homebuilding Operations To 85,000-87,000 Homes (From 90,000-92,000 Homes)

Buybacks

In April 2025, The Board Of Directors Authorized The Repurchase Of Up To $5.0B Common Stock, Replacing The Previous Authorization, Which At That Time Had $1.1B Remaining Due To Repurchases Made Subsequent To Quarter End

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D.R. Horton, Inc. Announces Pricing of $700 Million of 5.500% Senior Notes Due 2035

D.R. Horton, Inc., America's Builder, Reports Fiscal 2025 Second Quarter Earnings and Declares Quarterly Dividend of $0.40 Per Share

D.R. Horton, Inc. Announces Pricing of $500 Million of 4.850% Senior Notes Due 2030

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