Homebuilder stocks heat up even as activity cools. Traders give their top picks

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Homebuilder stocks heat up even as activity cools. Traders give their top picks (via TradingNation)

and decision to spin off its tech investment and commercial mortgage businesses. That ETF has risen sharply since its lows last March.

The stocks still look like a buy, even if those headwinds trigger a pullback, according to Quint Tatro, president of Joule Financial." on Wednesday. "The strength in the midst of those negative numbers is an indication here that there is a lot of upside opportunity. I think there's weather, but then there's input cost. … If that translates to a decline in housing stocks, I think that they're a buy here.

"We think that the housing cycle really is still in the early stages and these stocks have a tremendous amount of upside," he said.

 

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