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NYSE Stocks In The News.(A)

Investor's Business Daily

| July 03, 2001 | COPYRIGHT 2001 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Monika Tjia

After breaking out of a 16-week base on April 25, D.R. Horton hit a new high on April 30. But since then it has pulled back, forming a nine-week base. Within its consolidation it corrected 26%, bouncing off its 200-day moving average in late May. It's now 6% off its high.

Last quarter, the single-family home builder's earnings rose 29% to 67 cents a share. Analysts predict fiscal 2001 profit will rise 26% vs. a 23% increase in 2000, First Call says.

In the past 13 quarters, sales growth has ranged from 10% to 56%. In the latest quarter, its after-tax profit margin hit 5.7%, the best showing in at least 13 quarters.

In the past nine weeks, its Building/Resident-Commercial group has dropped to 73rd from No. 1 among the 197 industries tracked by IBD. But the group ...

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