Investors seem to be pretty committed to the idea that a real recovery
is underway in America's housing market. While earnings reports from
companies like
Armstrong World Industries (NYSE:
AWI),
Mohawk (NYSE:
MHK),
Masco (NYSE:
MAS) and
Stanley Black & Decker (NYSE:
SWK) did not support an unequivocal bull argument, the stocks recovered pretty quickly.
What's more, leading home improvement retailer
Home Depot (NYSE:
HD)
continues to report rebounding sales in a wide range of housing-related
product categories. Although Home Depot shares seem ahead of themselves
on valuation alone, momentum will likely stay with the stock until the
beat-and-raise pattern is broken.
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http://stocks.investopedia.com/stock-analysis/2012/Home-Depot-Continues-To-Ride-A-Stop-Start-Recovery-HD-LOW-SWK-MHK0816.aspx
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