D.R. Horton Jumps, Lockheed Martin Falls, Kohl’s Skyrockets
Jul 22, 2025
D.R. Horton impresses with a 14% jump in shares, defying a sluggish housing market thanks to strong earnings. Meanwhile, Lockheed Martin faces a significant setback, with a 9% drop in stock due to unexpected charges and criticism over its F-35 program. The podcast also dives into Wall Street's mixed reactions, discussing Northrop Grumman's troubles and the surprising rise of Kohl's as a meme stock. Additionally, listeners get insights into current market volatility, the resurgence of crypto assets, and the complexities stirring in the financial landscape.
05:42
forum Ask episode
web_stories AI Snips
view_agenda Chapters
auto_awesome Transcript
info_circle Episode notes
insights INSIGHT
D.R. Horton Defies Housing Slump
D.R. Horton beat expectations with strong Q3 earnings despite a sluggish housing market.
The builder's focus on entry-level and move-up buyers is yielding surprising resilience amid high rates.
insights INSIGHT
Lockheed Faces Earnings Hit
Lockheed Martin shares plunged over 9% on massive $1.6 billion charges and a possible $4.6 billion tax hit.
The F-35 program's cost overruns and lost contracts weigh heavily on investor sentiment.
insights INSIGHT
Kohl's Becomes Meme Stock Phenomenon
Kohl's stock soared over 100% fueled by social media-driven retail trader interest.
Its 49% short float opens potential for a short squeeze and meme stock dynamics reminiscent of 2021.
Get the Snipd Podcast app to discover more snips from this episode
- D.R. Horton (DHI) shares rose the most in more than five years as the homebuilder posted earnings that beat expectations even as the US housing market remains sluggish. Horton shares surged as much as 14% after the company released results for the fiscal third quarter, the biggest intraday gain since April 2020. The builder’s stock had slipped more than 6% this year through Monday’s close. The company’s profit, orders and home closings beat analyst estimates, sending the stock higher.
- Lockheed Martin (LMT) shares declined today. This comes after the US defense contractor caught investors off guard with $1.6 billion in charges and a possible tax hit that sent its stock tumbling, the latest setback for the defense giant whose popular F-35 jet faces criticism over cost overruns and delays. The company’s shares plunged more than 9% on Tuesday - the biggest drop since January - after the world’s largest defense contractor reported earnings that missed analyst estimates and lowered its outlook for the year. At issue, the company said, were program losses that included a classified aeronautics program, and separate helicopter development efforts for the Canadian and Turkish governments. It also flagged $169 million of charges related to losing out on the US Air Force’s F-47 fighter jet contract that went to Boeing Co., and other newly identified risks. Lockheed also cautioned it faces a potential $4.6 billion in additional taxes owed after an accounting change, although it is contesting the matter with the Internal Revenue Service.
- Kohl's (KSS) shares more than doubled Tuesday, minting it as the newest meme stock, amid an influx of mentions by retail traders on social media. The retailer’s stock price soared as much as 105% when the equity market opened, its largest one-day jump ever, bringing it to $21.39, a level last seen nearly a year ago. The shares were briefly halted for volatility after paring their gains and were up about 36% to more than $14 as of 11:13 a.m. in New York. Before Monday, the shares had been trading in the single digits since March 11. “It’s all social media chatter,” said Steve Sosnick of Interactive Brokers. “Remember that a highlight of the meme stock era was a dose of nostalgia for companies like GameStop and AMC. Social media chatter can become self-fulfilling.” A Kohl’s spokesperson didn’t immediately respond to a Bloomberg News request for comment.
Stock Movers