Media: Skip the Builders, Stick With Remodeling Plays
Last night I joined the CNBC Fast Money crew on the prop desk. Homebuilders had a good day but I’m sticking to my guns and saying the remodeling/foreclosure-to-rental names are a better place to be.
(By the way, my friend Pete at Trade With Pete took the thesis and did a whole rundown on the stock charts for you, check it out here.)
Below we talk $HD, $SHW, $VAL: