A “SLOW AND STEADY” WAY TO PLAY THE HOUSING RECOVERY
My colleague Steve Sjuggerud turned bullish on housing in March 2011. Since then, housing-related stocks have been on a tear.
As longtime readers know, the trend in housing is up. When housing prices rise, demand for new homes and existing home remodeling increases.
[ad#Google Adsense 336×280-IA]So share prices of the companies that offer these goods and services tend to follow the trend in housing.
But it hasn’t been a straight shot higher.
These stocks are volatile – often rising and falling by double digits over just a few weeks.
As today’s chart shows, there’s a safer way to bet on the housing boom… Sherwin Williams (SHW) is one of the world’s largest paint and coating producers.
The stock is in a “slow and steady” uptrend.
Its share price has more than doubled in the last 12 months. And it just reached a new all-time high.
– Jeff Clark
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Source: Market Notes