<p>在更廣泛的標準普爾 500 指數反彈中被拋在一邊後，房地產行業似乎現在已經冷卻（並且足夠便宜），一些華爾街參與者開始重新考慮這個領域。這一次，發現不尋常的看漲期權交易活動可以引導投資者找到市場中的高信念，特別是在住宅建築行業。</p>
<p><strong>SPDR S&amp;P Homebuilders ETF NYSEARCA: XHB</strong> 報告稱，來自看漲期權交易者的興趣異常高，這從根本上是對整個領域在未來幾個月將看到更高價格的押注。</p>
<p>發現這些交易至關重要，因為期權固有的槓桿和到期性，使得在任何特定想法上投資大量資本的風險更高。</p>
<p>然而，尋找住宅建築公司超額回報機會的投資者可能（並且應該）為他們的投資組合進行一些個股挑選，這就是今天名單的作用。像 <strong>PulteGroup Inc. NYSE: PHM</strong>、<strong>Lennar Corp. NYSE: LEN</strong> 和 <strong>Toll Brothers Inc. NYSE: TOL</strong> 這樣的建築商位於優先考慮的名單之上，準備迎接下一波市場行動。</p>
<h2><strong>PulteGroup 股票的動能發生了變化</strong></h2>
<p>儘管這家住宅建築商的交易價格仍僅為其 52 周高點的 78%，使其處於正式的熊市中，但最近的價格走勢似乎顯示出潛在的根本變化正在發生。在過去的一個季度中，這隻股票的淨回報為 11.7%，表明投資者的情緒略微向好。</p>
<p>考慮到這一價格走勢，投資者看到一些專注於這些動能策略的機構最近購買了 PulteGroup 股票也就不足為奇了。截至 2025 年 7 月底，Nordea Investment Management 增加了其 PulteGroup 持股 2.8%，使其持股總額達到今天的 9400 萬美元。</p>
<p>也許這是住房市場觸底週期的跡象，建築許可證到抵押貸款申請的數據表明 2025 年下半年可能會出現轉機。這一變化的催化劑可能歸功於美聯儲以及對利率削減將在這一時間範圍內影響經濟的猜測。</p>
<p>考慮到這些因素，瑞銀分析師約翰·洛瓦洛決定通過 <strong>買入評級</strong> 表達他對公司未來的樂觀態度。這個觀點伴隨着每股 150 美元的估值提升。從目前股票的交易價格來看，這一看法暗示着額外的 29% 的上漲潛力。</p>
<h2><strong>每股收益增長可能使 Lennar 股票飆升</strong></h2>
<p>股票價格走勢的主要驅動因素之一是其潛在的每股收益（EPS）增長率。Lennar 股票的增長足以讓投資者考慮公司估值的新潛在上限。</p>
<p>與今天報告的每股收益 1.90 美元相比，華爾街分析師對 2025 年第四季度每股收益 3.09 美元的預測暗示，Lennar 可能實現 <strong>大約 60% 的淨每股收益增長率</strong>，以證明股票價格在百分比上的類似上漲。</p>
<p>這一情景是否會實現將取決於基本面設置和催化劑，特別是住房數據的反彈，如許可證和抵押貸款申請，這將直接受到美聯儲在 2025 年前的決策影響。</p>
<p>根據公司最新的季度業績，似乎這一轉機可能正在遭遇困難，因為新訂單總數達到 22,601 套房屋，年增長率為 6%，這一數字並不是來自於放緩業務的預期。</p>
<h2><strong>空頭賣家承認 Toll Brothers 股票將上漲</strong></h2>
<p>僅在過去一個月，Toll Brothers 的空頭頭寸下降了 9.1%，這表明潛在的看跌投降，尤其是越來越多的參與者意識到宏觀背景現在創造了一個不對稱的局面，利好多頭。</p>
<p>考慮到這一局面，市場上的一些投資者現在願意利用這一機會，尤其是現在股票交易價格僅為其 52 周高點的 72%，這進一步放大了買家利用這一機會的良好風險回報比。</p>
<p>來自 Jennison Associates 的配置者在 2025 年 8 月增加了 11.2% 的 Toll Brothers 股票持有量，這一近期交易使他們的持股總額達到今天的 8150 萬美元，也使他們成為今天公司 <strong>最大的機構持有者之一</strong>。</p>
<p>看起來，SPDR S&amp;P Homebuilders ETF 背後的信念特別集中在這三家住宅建築商身上，為投資者在市場其他部分趕上這一趨勢之前提供了不公平的優勢。</p>
<h2>你現在應該投資 1000 美元在 Lennar 嗎？</h2>
<p>在考慮 Lennar 之前，你需要聽聽這個。</p>
<p>MarketBeat 每天跟蹤華爾街頂級評級和表現最佳的研究分析師及其推薦的股票。MarketBeat 已識別出五隻股票，頂級分析師正在悄悄地向客户推薦現在購買，以便在更廣泛的市場注意到之前……而 Lennar 並不在名單上。</p>
<p>雖然 Lennar 目前在分析師中被評為持有評級，但頂級分析師認為這五隻股票更值得購買。</p>
<p>查看這五隻股票的詳情</p>

託爾兄弟

<p>交易者對房地產股票，特別是住宅建築行業，變得樂觀，因為復甦的跡象開始顯現。SPDR S&P 房屋建築商 ETF 的看漲期權交易量增加，表明市場對價格上漲的預期。PulteGroup、Lennar 和 Toll Brothers 等關鍵參與者因其潛在的上漲空間而受到關注。PulteGroup 最近的回報率為 11.7%，顯示出積極的動能，而 Lennar 的每股收益增長可能導致股票價格顯著上漲。隨着空頭頭寸的減少，Toll Brothers 也引起了關注，這表明市場的看漲情緒</p>

<p>After being left behind on the broader S&amp;P 500 rally, it seems the real estate sector is now cold enough (and cheap enough) for some Wall Street participants to start considering it again. This time around, spotting unusual call options trading activity can lead investors to where these high convictions are for the market, especially in the homebuilding industry.</p>
<div class="lb-trans"><p>在更廣泛的標準普爾 500 指數反彈中被拋在一邊後，房地產行業似乎現在已經冷卻（並且足夠便宜），一些華爾街參與者開始重新考慮這個領域。這一次，發現不尋常的看漲期權交易活動可以引導投資者找到市場中的高信念，特別是在住宅建築行業。</p>
</div><p>The <strong>SPDR S&amp;P Homebuilders ETF NYSEARCA: XHB</strong> has reported an unusual level of interest coming from options traders on the call side, which is fundamentally a bet that the entire space is going to see higher prices in the coming months.</p>
<div class="lb-trans"><p><strong>SPDR S&amp;P Homebuilders ETF NYSEARCA: XHB</strong> 報告稱，來自看漲期權交易者的興趣異常高，這從根本上是對整個領域在未來幾個月將看到更高價格的押注。</p>
</div><p>Spotting these trades is crucial due to options' inherent leverage and expiration, which raises the stakes even higher for those who invest a substantial amount of capital in any given idea.</p>
<div class="lb-trans"><p>發現這些交易至關重要，因為期權固有的槓桿和到期性，使得在任何特定想法上投資大量資本的風險更高。</p>
</div><p>However, those investors looking for the outsized return opportunities in homebuilding names could (and should) do some individual stock picking for their portfolios, which is where today’s list comes into play. Builders like <strong>PulteGroup Inc. NYSE: PHM</strong>, <strong>Lennar Corp. NYSE: LEN</strong>, and <strong>Toll Brothers Inc. NYSE: TOL</strong> are at the top of the queue, primed for the next wave of market action.</p>
<div class="lb-trans"><p>然而，尋找住宅建築公司超額回報機會的投資者可能（並且應該）為他們的投資組合進行一些個股挑選，這就是今天名單的作用。像 <strong>PulteGroup Inc. NYSE: PHM</strong>、<strong>Lennar Corp. NYSE: LEN</strong> 和 <strong>Toll Brothers Inc. NYSE: TOL</strong> 這樣的建築商位於優先考慮的名單之上，準備迎接下一波市場行動。</p>
</div><h2><strong>Momentum Has Shifted for PulteGroup Stock</strong></h2>
<div class="lb-trans"><h2><strong>PulteGroup 股票的動能發生了變化</strong></h2>
</div><p>Even though this homebuilder still trades at only 78% of its 52-week high level, keeping it within an official bear market, the recent price action seems to show a potential underlying change happening right now. Over the past quarter, this stock has delivered a net return of 11.7%, indicating a slightly more positive sentiment to investors.</p>
<div class="lb-trans"><p>儘管這家住宅建築商的交易價格仍僅為其 52 周高點的 78%，使其處於正式的熊市中，但最近的價格走勢似乎顯示出潛在的根本變化正在發生。在過去的一個季度中，這隻股票的淨回報為 11.7%，表明投資者的情緒略微向好。</p>
</div><p>With this price action in mind, it shouldn’t be a surprise for investors to see some institutions focused on these momentum strategies have bought into PulteGroup stock recently. As of late July 2025, those from Nordea Investment Management have justified a 2.8% boost in their PulteGroup holdings, bringing their stakes to a high of $94 million today.</p>
<div class="lb-trans"><p>考慮到這一價格走勢，投資者看到一些專注於這些動能策略的機構最近購買了 PulteGroup 股票也就不足為奇了。截至 2025 年 7 月底，Nordea Investment Management 增加了其 PulteGroup 持股 2.8%，使其持股總額達到今天的 9400 萬美元。</p>
</div><p>Perhaps it is the housing market's bottoming cycle, with data from building permits to mortgage applications showing a potential turnaround for the second half of 2025. The catalyst behind this shift could be credited to the Federal Reserve and the speculation that interest rate cuts could be hitting the economy in this time horizon.</p>
<div class="lb-trans"><p>也許這是住房市場觸底週期的跡象，建築許可證到抵押貸款申請的數據表明 2025 年下半年可能會出現轉機。這一變化的催化劑可能歸功於美聯儲以及對利率削減將在這一時間範圍內影響經濟的猜測。</p>
</div><p>Knowing these factors are at play for this homebuilder, UBS analyst John Lovallo decided to express his optimism on the future of the company through a <strong>Buy rating</strong>. This view came coupled with a valuation boost to $150 per share. From where the stock trades today, this call implies an additional upside potential of 29%.</p>
<div class="lb-trans"><p>考慮到這些因素，瑞銀分析師約翰·洛瓦洛決定通過 <strong>買入評級</strong> 表達他對公司未來的樂觀態度。這個觀點伴隨着每股 150 美元的估值提升。從目前股票的交易價格來看，這一看法暗示着額外的 29% 的上漲潛力。</p>
</div><h2><strong>EPS Growth Could Send Lennar Stock Soaring</strong></h2>
<div class="lb-trans"><h2><strong>每股收益增長可能使 Lennar 股票飆升</strong></h2>
</div><p>One of the main drivers behind a stock’s price action is its underlying earnings per share (EPS) growth rate. Lennar stock has grown enough to make investors consider a new potential ceiling in the company’s valuation.</p>
<div class="lb-trans"><p>股票價格走勢的主要驅動因素之一是其潛在的每股收益（EPS）增長率。Lennar 股票的增長足以讓投資者考慮公司估值的新潛在上限。</p>
</div><p>Compared to today’s reported $1.90 in EPS, Wall Street analysts and their forecasts for $3.09 in EPS for the fourth quarter of 2025 imply that Lennar could deliver a <strong>net EPS growth rate of roughly 60%</strong> to justify a similar jump in the stock’s price action in percentage terms.</p>
<div class="lb-trans"><p>與今天報告的每股收益 1.90 美元相比，華爾街分析師對 2025 年第四季度每股收益 3.09 美元的預測暗示，Lennar 可能實現 <strong>大約 60% 的淨每股收益增長率</strong>，以證明股票價格在百分比上的類似上漲。</p>
</div><p>Whether this scenario unfolds will depend on the fundamental setups and catalysts at play, particularly a rebound in housing data, such as permits and mortgage applications, which will be directly influenced by the Fed's decisions before 2025.</p>
<div class="lb-trans"><p>這一情景是否會實現將取決於基本面設置和催化劑，特別是住房數據的反彈，如許可證和抵押貸款申請，這將直接受到美聯儲在 2025 年前的決策影響。</p>
</div><p>As of the company’s latest quarterly results, it seems that this turnaround might be taking on water, considering that new orders reached 22,601 total homes for an annual growth rate of 6%, not a figure that is expected from a slowing business.</p>
<div class="lb-trans"><p>根據公司最新的季度業績，似乎這一轉機可能正在遭遇困難，因為新訂單總數達到 22,601 套房屋，年增長率為 6%，這一數字並不是來自於放緩業務的預期。</p>
</div><h2><strong>Short Sellers Admit Toll Brothers Stock Is Headed Higher</strong></h2>
<div class="lb-trans"><h2><strong>空頭賣家承認 Toll Brothers 股票將上漲</strong></h2>
</div><p>Over the past month alone, 9.1% of Toll Brothers’ short interest declined in a sign of potential bearish capitulation, especially as more and more participants realize that the macro backdrop has now created an asymmetrical setup that favors the bulls over anyone else.</p>
<div class="lb-trans"><p>僅在過去一個月，Toll Brothers 的空頭頭寸下降了 9.1%，這表明潛在的看跌投降，尤其是越來越多的參與者意識到宏觀背景現在創造了一個不對稱的局面，利好多頭。</p>
</div><p>With this setup in mind, it should be expected that some investors in the market are now willing to take advantage of this opportunity, especially now that the stock has traded down to only 72% of its 52-week high, to amplify the fact that it is a fantastic risk-to-reward ratio for buyers to take advantage of.</p>
<div class="lb-trans"><p>考慮到這一局面，市場上的一些投資者現在願意利用這一機會，尤其是現在股票交易價格僅為其 52 周高點的 72%，這進一步放大了買家利用這一機會的良好風險回報比。</p>
</div><p>Allocators from Jennison Associates justified adding an extra 11.2% to their overall Toll Brothers stock holdings as of August 2025, a recent transaction that netted their position to a high of $81.5 million today, also making them one of the <strong>largest institutional holders of the company</strong> as of today’s terms.</p>
<div class="lb-trans"><p>來自 Jennison Associates 的配置者在 2025 年 8 月增加了 11.2% 的 Toll Brothers 股票持有量，這一近期交易使他們的持股總額達到今天的 8150 萬美元，也使他們成為今天公司 <strong>最大的機構持有者之一</strong>。</p>
</div><p>It appears that the conviction behind the SPDR S&amp;P Homebuilders ETF can be particularly focused on these three homebuilders, giving investors an unfair advantage before the rest of the market catches up on this trend.</p>
<div class="lb-trans"><p>看起來，SPDR S&amp;P Homebuilders ETF 背後的信念特別集中在這三家住宅建築商身上，為投資者在市場其他部分趕上這一趨勢之前提供了不公平的優勢。</p>
</div><h2>Should You Invest $1,000 in Lennar Right Now?</h2>
<div class="lb-trans"><h2>你現在應該投資 1000 美元在 Lennar 嗎？</h2>
</div><p>Before you consider Lennar, you'll want to hear this.</p>
<div class="lb-trans"><p>在考慮 Lennar 之前，你需要聽聽這個。</p>
</div><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lennar wasn't on the list.</p>
<div class="lb-trans"><p>MarketBeat 每天跟蹤華爾街頂級評級和表現最佳的研究分析師及其推薦的股票。MarketBeat 已識別出五隻股票，頂級分析師正在悄悄地向客户推薦現在購買，以便在更廣泛的市場注意到之前……而 Lennar 並不在名單上。</p>
</div><p>While Lennar currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p>
<div class="lb-trans"><p>雖然 Lennar 目前在分析師中被評為持有評級，但頂級分析師認為這五隻股票更值得購買。</p>
</div><p>View The Five Stocks Here</p>
<div class="lb-trans"><p>查看這五隻股票的詳情</p>
</div>

交易員再次轉向看漲住房股票——三隻股票領跑