Homebuilder Poised To Benefit From Rate Cut

Dream Finders Homes (DFH) is Thursday's IBD 50 Growth Stocks To Watch pick, as it builds the right side of a cup base. Homebuilder stocks should benefit from lower mortgage rates after the Federal Reserve announced a half-point interest-rate cut Wednesday afternoon. BofA Securities raised its price target on to 38 from 35 and held its neutral rating on the DFH stock Thursday. Dream Finders Homes builds and sells single-family homes mostly in the Eastern U.S. and Colorado. Its average sales price was $514,833 as of the second quarter. Dream...