Housing stocks look good. DR Horton (DHI) is jumping 14% on better than expected earnings. The homebuilder beat by 47 cents as sales rose 7.4% to $9.23 billion. Guidance and sales remain strong as the company keeps providing incentives. Investors seem to be optimistic that mortgage rates will come down. The company will spend over $4 billion on share repurchases. Pulte Group (PHM) is up 9% on earnings.

Profit-taking in the defense stocks. Lockheed Martin (LMT) is down 8% after missing sales guidance and lowered 2025 earnings guidance as costs jump for making their fighter jets. Washington is also looking to move away from manned fighter jets and focus more on cheaper drones. Lockheed Martin stock is down over 10% for the year.

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