Homebuilders Back in Play for 2014
Wednesday's solid housing starts data saw the highest print in five years and showed 23% growth. TheStreet's Stocks Under $10 Porfolio Manager David Peltier thinks this will bring home builder stocks back into play in 2014. He is playing the housing group by investing in Standard Pacific Corp, which has pricing power and exposure to Californian housing market. Peltier also likes Builders FirstSource as a building supplies play.
David Peltier is a research associate at TheStreet. In keeping with company editorial policy, he doesn't own or short individual stocks. He also doesn't invest in hedge funds or other private investment partnerships. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Peltier appreciates your feedback;
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