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Tesla Inc.'s stock rose after announcing an energy storage contract with Intersect Power for Megapacks while D.R. Horton Inc.'s shares surged following profit surpassing estimates in Q3 and a $4 billion share repurchase authorization.
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Below are AI-generated insights on moves in the consumer discretionary sector, powered by MarketReader technology.
Thursday, July 18
XLY [+0.2%]
Consumer Discretionary Select Sector SPDR Fund (XLY) experienced a notable increase today, rising by 0.8% since Wednesday's close. Among the ETF's holdings, Tesla Inc.'s stock rose after announcing an energy storage contract with Intersect Power for Megapacks while D.R. Horton Inc.'s shares surged following profit surpassing estimates in Q3 and a $4 billion share repurchase authorization was publicized alongside positive revenue guidance adjustments for 2024 and increased home closures expected by year-end due to strategic growth plans driven by expanded community offerings resulting in better-than-anticipated sales figures.