BOSTON ( TheStreet) -- The housing industry is healing, but Goldman Sachs analysts recommend that investors steer clear of the rally in homebuilders such as Lennar (LEN - Get Report) and PulteGroup (PHM - Get Report).The SPDR S&P Homebuilders (XHB) ETF has risen more than 30% over the past three months. Even JPMorgan Chase (JPM) CEO Jamie Dimon said "housing is at or near the bottom" during an interview on CNBC Monday afternoon.
Stay Away From Homebuilder Rally, Goldman Sachs Says
Check Out Our Best Services for Investors
Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.