DR Horton (DHI) – A play on housing and homebuilders. A Wall Street Journal story from Thursday afternoon read “Home Prices Posted Largest Annual Drop in More Than 11 Years in April.” While the headline itself may have caused some concern, the data point referred to in the article wasn’t quite as scary: existing home sales for the month of April were reported down a little less than 2% on a year-over-year basis.
Express (EXPR) – An analyst at a boutique research shop discussed Express favorably ahead of the company’s quarterly results next week on Wednesday. Small Cap Consumer Research’s Eric Beder said, “With the Express stores slowly getting their groove back, the Bonobos acquisition a key plus and more accretive deals potentially on tap, we view EXPR as an impressive speculative play…”
Lixiang Education (LXEH) – Shares of this penny stock were up nearly 50% following a report Chinese President Xi proposed to establish meeting and dialogue mechanisms to facilitate cooperation between China and central Asian countries in areas including education, agriculture and transportation.
