Plays on the Housing Glow
For the past few months, I've been tracking stocks from various sectors that have been benefiting from better news about housing. Amid that improved macro data, one of my winning holdings has been flooring retailer Lumber Liquidators (LL), whose shares zoomed 29% on earnings in the week ended July 27. The stock has been edging higher since then, getting support along short-term moving averages.
But it's far from the only stock that may be benefiting from some renewed optimism about housing. For instance, there's Trex (TREX), which you could say has one foot in the flooring business. The company makes wood-alternative materials for decks, railings and fences -- and, like Lumber Liquidators, advertises frequently on cable television. ...402 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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