Homebuilder Stocks Upgraded Ahead of Earnings
Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...
Six years ago, investment banker Raymond James whispered a secret to investors in homebuilding stocks:
Based on our data documenting the performance of public homebuilders, we find the period running between mid-November and Super Bowl Sunday typically works best (generally November 15-January 31 on average) for this trading window. Most impressively, by our count, the homebuilding sector has outperformed the S&P 500 nine consecutive years during this calendar period, and 23 of the past 29 years.
Source Fool.com
