Hope As An Investment Philosophy: The Homebuilders This Week

October 5, 2007 at 10:08 am  ·  Category: Market Commentary, Sentiment Analysis, Stocks

Homebuilders have been on fire this week mainly, it seems, on the strength of a Monday upgrade by Citigroup Homebuilder Analyst Stephen Kim.

Check out the moves in some of these builders (as of Fri 10/5, 1pm EST):

KB Home (KBH): +15.0%

DR Horton (DHI): +14.0%

Pulte Homes (PHM): +13.0%

Beazer Homes (BZH): +11.3%

Lennar (LEN): +9.1%

Let’s be real clear here: there has been ABSOLUTELY NOTHING BUT HORRIBLE NEWS OUT OF HOMEBUILDERS RECENTLY.

This is a clear case of hope as an investment philosophy.

Posted by Greg Feirman  ·  Trackback URL  ·  Link
 

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