LOW - Why These 3 Top Housing Stocks Jumped More Than 15% in May
Housing-related stocks, including homebuilder D.R. Horton (NYSE: DHI), home improvement retailer Lowe's (NYSE: LOW), and flooring specialist Lumber Liquidators (NYSE: LL), saw big gains in May, according to data provided by S&P Global Market Intelligence.
Shares of D.R. Horton, the largest residential homebuilder in the U.S. by number of units sold, were up 17.1% for the month. Meanwhile, Lowe's shares soared 24.4%, and Lumber Liquidators stock skyrocketed an eye-popping 41% in May (thanks in part to a surprisingly good first-quarter earnings report on May 28). All three handily trounced the S&P 500's 4.5% gain.
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