Housing-Related Winners of 2012
After Wednesday's monster fiscal-cliff-deal rally, homebuilders and related industries confirmed their 2012 strength.
For much of 2012 I focused on smaller names that led the sub-sector in terms of price performance. I also screened for fundamentals because, over the longer term, that's what drives price appreciation. Mortgage-related companies such as Ellie Mae (ELLI) and Nationstar Mortgage (NSM) were big 2012 gainers until they began to falter in October. Small-cap Ellie Mae cleared a consolidation in Wednesday's rally, while mid-cap Nationstar still has work to do before regaining its October high of $37.20. Lumber Liquidators (LL) is another small-cap, housing-related name that notched big gains through October. This stock is also currently consolidating below its prior high....375 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.
