Horton (DHI), reasoning that it got murdered in the last recession (2007-2009) and would at least be hurt in this one. So, contrary to my expectations, D. R. Horton has done just fine, up 45% in the past three months, beating the Standard & Poor’s 500 index by about 34 percentage points. Unlike mutual funds, which are their cousins, closed-end funds trade on an exchange just like stocks, and may sell at a premium or discount to the value of their holdings. The stock is up close to 27% in the past three months, and sells for only about eight times earnings. Track RecordBeginning in 2000, I’ve written 37 columns (including today’s) on stocks that possess both value and momentum.

Source: Forbes August 24, 2020 15:45 UTC