not vested
A "SLOW AND STEADY" WAY TO PLAY THE HOUSING RECOVERY by Jeff Clark
My colleague Steve Sjuggerud turned bullish on housing in March 2011. Since then, housing-related stocks have been on a tear.
As longtime readers know, the trend in housing is up. When housing prices rise, demand for new homes and existing home remodeling increases.
So share prices of the companies that offer these goods and services tend to follow the trend in housing. But it hasn't been a straight shot higher. These stocks are volatile – often rising and falling by double digits over just a few weeks.
As today's chart shows, there's a safer way to bet on the housing boom… Sherwin Williams (SHW) is one of the world's largest paint and coating producers.
The stock is in a "slow and steady" uptrend. Its share price has more than doubled in the last 12 months. And it just reached a new all-time high.
Source: Daily Wealth