Homebuilder stocks slide, silver miners gain, crypto stocks rise
View original at finance.yahoo.comHomebuilder stocks slide, silver miners gain, crypto stocks rise Yahoo Finance Data and Markets Editor Jared Blikre joins Market Catalysts with Julie Hyman to take a closer look at some of the trending tickers on Yahoo Finance's platform on Wednesday…
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Commodities tend to be mean reverting and don't trend up over time, going up and down in sideways patterns
80% confidenceSilver has been in a multi-decade trading range and breaking $50 per ounce represented multi-decade highs
80% confidenceIf buyback support and dividend payments were taken away from homebuilder stocks, we would have a different business model and stocks would reflect different prices
80% confidenceThe homebuilding business has not been great over the past few years
80% confidenceThere is huge demand for houses in the United States and they remain affordable
80% confidenceMicroStrategy is highly levered to Bitcoin, which itself is highly volatile and speculative
80% confidenceBitcoin breaking above $95,000 means the short-term trend has turned up
80% confidenceSilver miners are a levered play on silver price movements
80% confidenceWhen MicroStrategy starts to overtake Bitcoin on shorter time frames, it signals Bitcoin may re-enter long-term bull trend and has a shot at new highs
80% confidenceThe technical analysis principle 'the bigger the base, the higher in space' applies to silver's current surge
80% confidenceMany homebuilders have been offering incentives to buyers due to high interest rates and have seen profitability decline from highs
80% confidenceStock buybacks and dividends by homebuilders should not happen or should be less, demanding a different business model
80% confidence