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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY and GLENN LARKIN

Taylor Morrison Home Receives IBD Stock Rating Upgrade

The IBD SmartSelect Composite Rating for Taylor Morrison Home increased from 94 to 96 Friday. The homebuilder is trying hard to stay within the buying range from a cup without handle pattern despite the tough market.

The new rating shows the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria.

Taylor Morrison Home broke out earlier, but is now trading about 1% below the prior 35.61 entry from a cup without handle. In the scenario where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new pattern to form.

Interest rates can play a major role in home purchases, new or resale. Yet this industry has been holding up well despite the overhang of more rate increases.

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Earnings Review

The stock has a 98 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 98% of all stocks.

Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.

In Q4, the company reported 34% earnings growth. Revenue growth fell to -1%, down from 9% in the prior quarter.

Taylor Morrison Home earns the No. 9 rank among its peers in the Building-Residential/Commercial industry group. M/I Homes, Meritage Homes and Lennar Cl A are among the top 5 highly-rated stocks within the group.

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