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  • Trade view / 29 September 2017 at 11:48 GMT
    Strategic trade
    /
    Buy

    DR Horton attractive as US housing boom continues - #SaxoStrats

    Head of Equity Strategy / Saxo Bank
    Denmark
    The US housing boom continues as KB Home reported forecast-beating third-quarter results yesterday and kept a positive outlook. US building permits are still rising and have around 20% more upside from current levels as family formation increases and permits swing back to the long-term average from 1960. Among North America home builders, we believe DR Horton is the most undervalued, with around 28% upside over the next 12 months.
    Read the Trade View
  • Article / 07 December 2016 at 2:23 GMT

    Morning Report APAC: Asian shares rise, AUD sputters

    APAC Sales Trading Desk / Saxo Capital Markets
    Singapore
    Morning Report APAC: Asian shares rise, AUD sputters
    Asian shares were mostly up this morning, following the leads from overseas. The ASX was also holding its own, with the only crack coming in the form of the AUD, which lost 0.6% based on third quarter gross domestic product which declined 0.5% from the prior quarter - the first contraction since 2011.
    Read the article
  • 3y
    Ramug65 Ramug65
    Hi Peter! Does this means you recommending to close the short position of GDX ETF on the market opening now shortly? Please clarify
    3y
    ChristianK ChristianK
    Hi Peter. Is the open positions board available on tradingfloor? Or how can it be accessed?
    3y
    Juan José Del Valle Rodríguez Juan José Del Valle Rodríguez
    Dear Peter. I bought some EOAN shares at 8.20 EUR. How do you see spin off 1:10 made by E.ON and Uniper? EOAN -14.5% today. Will it...
  • Video / 25 August 2016 at 9:17 GMT

    US housing boom to continue: Garnry

    Peter Garnry
    Recent data on new US home sales showed a big surprise to the upside, according to Saxo Bank head of equity strategy Peter Garnry.

    New US home sales have reached their highest level in 9 years but this is still below the natural rate.

    Garnry believes that the robust employment trend could spell a continuation of the US housing boom. And this trend could prove positive for companies like Home Depot and Toll Brothers.

    Garnry is positive on Toll Brothers and his trade idea is to go long with a target of $40 and a stop at $30.
    watch video
  • Trade view / 18 May 2015 at 13:46 GMT
    Medium term

    Toll Brothers looks to build a rally

    Trader / TheSteadyTrader.com
    United States
    Like many interest-rate sensitive parts of the stock market, home builder stocks suffered in April as US interest rates rose due to the violent global bond sell-off. The bond smack-down, however, looks to have been overdone in the near-to-medium term, which should help home builder stocks to push higher.
    Read the Trade View
  • Video / 24 February 2015 at 15:04 GMT

    Who's next after Home Depot's billion dollar buy-back?

    Serge Berger
    A happy day for Home Depot shareholders, who can look forward to a USD 18 billion share buyback after the company posted fourth quarter profits that topped analysts’ estimates. Serge Berger takes a look at other companies set to gain from the rising US housing prices and how to trade them.
    watch video
    4y
    donal wislow donal wislow
    This comment has been redacted
  • Squawk / 03 September 2014 at 9:02 GMT
    Head of Equity Strategy / Saxo Bank
    Denmark
    Toll Brothers Q3 revenue $1.06B vs. $978M estimated with gross margin improving 175-200 bps
    Read the Squawk
    5y
    Peter Garnry Peter Garnry
    Homebuilding deliveries up 36% y/y
    5y
    Peter Garnry Peter Garnry
    Backlog up 9% in dollars and 5% in units...clearly Toll Brothers are having pricing power in the current market environment
    5y
    Peter Garnry Peter Garnry
    Foot traffic is up 13% y/y so buyers' interest is still improving