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World's best trading firm recommends buying this beaten-up sector
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Friday, October 16, 2009
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From The Pragmatic Capitalist:

Goldman Sachs is recommending that investors buy the homebuilders into their earnings. They list a number of reasons for the trade:

* Home prices will remain stable as the foreclosures remain orderly, government stimulus continues to support the market.

* Earnings are stabilizing, sales trends are improving and firms are becoming profitable again.

* The Federal Tax Credit is likely to get extended into the first quarter of next year.

How to play it?

Read full article...
 
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Topics: Homebuilders | Goldman Sachs | Stocks
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