I want to highlight a special group of stocks that might deserve a spot in your portfolio right now. They aren’t all that flashy or sexy, so they don’t get much air time — homebuilders.
These stocks aren’t natural resources so they don’t benefit from the Russia-Ukraine war. But… raging inflation and a potential peak in the housing market are both still a thing.
In other words, there are still a handful of factors impacting the housing market right now…
Which is why I want to bring it to your attention… and give away a few homebuilder stocks to target the rest of 2022!
5 Homebuilder Stocks to Target the Rest of 2022
If you look at the SPDR S&P Homebuilders ETF (NYSEArca: XHB), which tracks a broad-based number of companies in the homebuilding industry, you’ll notice it’s overdone and… in the dumpster, for lack of a better word…
There’s also a massive divergence between the XHB and its Relative Strength Index.
Divergence happens when the price of a stock is moving contrary to a technical indicator or other data.
The point I want to make is that the homebuilder sector might be close to bottoming out because all of the bad things that could be thrown its way have been… So XHB has already priced in everything that’s known.
So again, XHB’s divergence and technical levels both point to more upside. And huge homebuilder companies like D.R. Horton aren’t going out of business anytime soon.
In fact, business could be picking up…
Check out my short video at the top of the page to see which homebuilder stocks to target the rest of 2022 that I believe we can’t go wrong with.
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