I’ve been following Federal Reserve data closely the past few months… Well, a lot longer than that, actually. But that’s beside the point.
And it’s been steadily improving…
This week’s jobless claims tumbled below 500,000, and earnings are also showing signs of strength. So while many countries like Canada and India are struggling, the U.S. is bouncing back — and headed toward a strong summer!
The housing market is also strong right now…
Building permits for privately owned homes in March are up 30% more than they were a year ago… with housing starts up 37% year over year… and most home builders continue to see strength ahead of the summer months.
So I have some home builder stock plays I want us to focus on ahead of the sizzling summer months.
This sector has steadily been outperforming the broader market. And with interest rates remaining near historic lows, they’re great ways to jump into home builder stock plays before the dog days set in.
The first home builder stock play I want you to see is LGI Homes Inc. (Nasdaq: LGIH).
In case you haven’t heard of them before, LGI Homes is involved in the design and construction of entry-level homes across the states of Texas, Arizona and Georgia. And they’re focused on converting apartment renters to single-family home owners by offering homes in affordable locations.
You see, Silicon Valley has become so expensive and overcrowded that Austin, Texas, has become a big hub for venture capitalism. And this home builder stock is set to benefit from this massive exodus from the West Coast.
I mean, I left sunny California almost three years ago… and the number of people leaving has only increased since then!
LGI Homes is a Russell 2000 name, which means it has a lot more potential upside to go. I have a price target of about $200 per share over the next quarter, or maybe even sooner if interest rates stay steady.
But LGI Homes isn’t the only home builder stock play I have up my sleeve…
Check out my short video below to get the second name I’m targeting this summer, and be sure to share your thoughts in the comment section at the bottom of this page.
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P.S. I’m finally pulling back the curtain on a group of stocks poised for enormous gains this summer…
In case you haven’t heard, three major events might have set off the biggest market triggers we’ve seen in decades!
But the traders who can correctly identify where the money is headed have the chance to collect massive gains on the stocks as they rise.
In fact, I’ve already snagged a 414% winner in one week using this strategy…
And luckily for us, I’m an expert at finding trades like these. So I’m ready to reveal my secret — and the No. 1 stock that’s likely to do it again!