Traders should go long here and add on any one or two day dip.
For housing, lower rates have the biggest multiplier impact of any industry in the country.
I feel good in recommending the long side of LEN at current levels.
There are indications the country could be in for a nice economic rebound and that the migration from high-tax cities to low-tax areas may accelerate.
LEN is due to report its latest quarterly earnings Tuesday but weakness in the broad market may overshadow any positive surprise.
NetEase is the second Chinese company to launch a secondary listing in Hong Kong. It is unlikely to be the last.
A shallow dip is likely to be a buying opportunity.
Rising U.S.-China tensions continue to weigh, but new home sales and stalled continuing jobless claims may be positive catalysts.
LOW has made a rapid price recovery from the March low.
The market itself may be ignoring the realities of its weakest players.