With MarketReader, users can quickly identify drivers of price movement across an entire sector.
Today, the homebuilding sector was in focus, with many surprised by the sub-industry’s very strong performance. (as indicated by the reception to our thread on Twitter)
Happy days for home-builders (to the surprise of MANY)$DHI had strong earnings, and dragging other names with it (as detected by MarketReader's technology) pic.twitter.com/DqZ7EK1Jxp
— MarketReader (@marketreaderinc) April 20, 2023
Strong earnings results from DR Horton Inc (DHI) moved a number of other stocks in the sector, which MarketReader also identified and linked back to DHI as the primary driver.
MarketReader’s upcoming user platform will allow users to screen for unusual activity in a given sector, with robust filtering options. In the view of the homebuilding sector below, one can glance at the AI-powered summaries to find that DR Horton Inc was the driver behind upward moves in Lennar Corp (LEN), TopBuild Corp (BLD) and LGI Homes Inc (LGIH).
By capturing these cross-asset links, the MarketReader system shows you the “why” behind market volatility.
The MarketReader User Platform will launch soon for early access participants. You may enroll at marketreader.com/beta.
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