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If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Forestar Group (FOR) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
New home sales surprised to the upside in October. Sales price concessions are partially offset by falling input costs.
Here are four top-ranked liquid stocks, Perion Network (PERI), WhiteHorse Finance, (WHF), Forestar Group (FOR) and TravelCenters of America (TA), which investors can add to their portfolio for returns.
Forestar Group, Inc. (NYSE:FOR ) Q4 2022 Earnings Conference Call November 9, 2022 5:00 PM ET Company Participants Katie Smith - Director, Finance and Investor Relations Dan Bartok - CEO Mark Walker - Chief Operating Officer Jim Allen - Chief Financial Officer Conference Call Participants Carl Reichardt - BTIG Mike Rehaut - JP Morgan Anthony Pettinari - Citi Operator Good afternoon, ladies and gentlemen and welcome to Forestar's Fourth Quarter 2022 Earnings Conference Call. At this time, all participants have been placed on a listen-only mode, and we will open the floor for your questions and comments after the presentation.
The National Association of Homebuilders' sentiment index in September fell to its lowest level since the early days of the pandemic. Rapidly rising mortgage rates have caused investors to head for the exits on homebuilders' shares, pushing them down 30% - 40% Y-T-D.
Zacks Real Estate - Development industry stocks LGIH and FOR are likely to bear the brunt of rising interest rates and inflationary pressure as well as a shortage in construction materials.
Forestar Group Inc. (NYSE:FOR ) Q3 2022 Earnings Conference Call July 19, 2022 5:00 PM ET Company Participants Katie Smith - Director, Finance and Investor Relations Dan Bartok - Chief Executive Officer Jim Allen - Chief Financial Officer Conference Call Participants Deepa Raghavan - Wells Fargo Truman Patterson - Wolfe Research Max Downey - BTIG Asher Sohnen - Citigroup Mike Rehaut - JPMorgan Operator Good afternoon. And welcome to Forestar's Third Quarter 2022 Earnings Conference Call.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Forestar Group (FOR) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Forestar Group (FOR) is well positioned to outperform the market, as it exhibits above-average growth in financials.