Zacks highlights commentary from People and Picks Member
«DiviMo».
For more Voice of the People, visit
http://at.zacks.com/?id=7872
Featured Post
The Housing Bidding Wars Begin!
Mark it down.
On Wall Street there are certain events, certain days, where the
market trend turns direction. In March 2009, the market hit a low
until Citigroup came out with earnings that surprised upwards. That
day, the market turned upwards and initiated the start of a bull
market.
Mark the last day of April for the confirmation of a turn in the
home building sector. Oh, the sector has done decent this year but
yesterday a number of home builder stocks made good moves.
Today, the
Wall Street Journal
, no less, has a front page article titled "Stunned Home Buyers
Find The Bidding Wars Are Back."
Is the six year housing demand slump over?
To quote from the article, "A new development..as spring season
gets under way: Bidding wars are bad. From California to Florida,
buyers are increasingl competing for the same house, today's
bidding are a result of supply shortages. ...the bidding wars
caused by tight inventory provide the latest evidence that housing
demand is starting to pick up. "
"An index that measures the number of contracts signed to
purchase previously owned homes rose in March to its highest
level in nearly two years"
Two stocks, among several to consider if interested in
housing, are
Lennar
(
LEN
) and
Toll Brothers
(
TOL
).
The most recent picks by «DiviMo» are:
A buy rating on
Tractor Supply
(
TSCO
),
a buy rating on
CONN'S
(
CONN
) and
a buy rating on
Idenix Pharma
(
IDIX
).
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.
CONNS INC (
CONN
): Free Stock Analysis Report
IDENIX PHARMA (
IDIX
): Free Stock Analysis Report
LENNAR CORP -A (
LEN
): Free Stock Analysis Report
TOLL BROTHERS (
TOL
): Free Stock Analysis Report
TRACTOR SUPPLY (
TSCO
): Free Stock Analysis Report
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