Housebuilders: Look beyond 3Q results…
Consumer Discretionary
Alex Barron believes 3Q21 orders are likely to be the “low point” for negative order growth and investors should start building long positions / close shorts as focus turns to FY22 earnings (will benefit from higher prices and margins) and low valuations in the sector. Alex has recently upgraded the following stocks to Buy: D.R. Horton (TP $104), KB Home (TP $50) and Pulte (TP $64).
Edition: 119
- 17 September, 2021