DHI, GM, BA Outperform Market Despite Tariffs, Pandemic
D.R. Horton Inc. (DHI) and General Motors Corp. (GM) have outperformed the stock market today, despite challenges faced by some companies due to tariffs and the pandemic. Meanwhile, Boeing Co. (BA) has seen its stock rise despite safety incidents.
D.R. Horton, the nation's largest homebuilder, has shown resilience with a strong balance sheet, debt at around 30% of stockholders' equity, and a ten-year revenue growth rate of nearly 18%. This financial strength has translated into a 21% year-to-date stock increase, despite punk new-home sales due to high mortgage rates.
General Motors, the leading car manufacturer, has also fared well. It sold 2.7 million cars and light trucks in the U.S. in 2024, retaining the number-one spot. Despite so-so U.S. car sales, GM's stock has risen by 19% this year. President Trump's tariffs have presented a mixed impact, offering protection from imports but increasing costs for parts and subassemblies.
Boeing, despite several safety incidents and expected annual losses, has seen its stock rise by 25% this year through September 26. The company is likely to have its latest profitable year since 2008 in 2021. Other companies like Mosaic Co. (MOS), State Street Corp. (STT), and Carnival Corp. (CCL) have also seen significant stock increases this year, despite facing various challenges.
The overall stock market has risen about 14% this year. Despite tariffs, safety incidents, and pandemic-related strains, several companies have managed to outperform the stock market today, demonstrating the resilience and diversity of the U.S. economy.
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