Fast Money's Housing Trade
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Created by barrons2
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Date updated:05-07-2008

A hedge fund manager argues in the WSJ that the housing market is bottoming. Is he right… or out of his mind?

symbol name last price % change open
  • +
  • MDC
    M D C Holdings
  • $29.69
  • 0.00%
  • $N/A

I think the market has priced in the housing crisis, says Karen Finerman. It's probably okay to dip your toe in the water. But if you want to play housing only look at companies with great balance sheets such as MDC Holdings (MDC) and Centex (CTX).

People owning MDC also tend to own: DTVERTSKSWSOSTKUSGAETBZH

TheStreet.com Rating: D+ What is this?

  • +
  • CTX
    Ctx
  • $0.00
  • N/A
  • $N/A

I think the market has priced in the housing crisis, says Karen Finerman. It's probably okay to dip your toe in the water. But if you want to play housing only look at companies with great balance sheets such as MDC Holdings (MDC) and Centex (CTX).

People owning CTX also tend to own: CFCGFICSGLSTRMOTTRFWU

TheStreet.com Rating: No Rating What is this?

  • +
  • HOV
    Hovnanian Ent Inc
  • $3.93
  • -1.50%
  • $4.00

Stay away from those that are highly leveraged such as Hovnanian Enterprises (HOV)she counsels.

People owning HOV also tend to own: AETBZHCGIFBPKBHLUKMDC

TheStreet.com Rating: D- What is this?

  • +
  • XHB
    Spdr Homebuilders
  • $14.33
  • -0.76%
  • $14.34

She said for the cleanest play look at SPDR S&P Homebuilders (XHB), or investors can trade alongside Warren Buffett with USG Corp. (USG).

People owning XHB also tend to own: HANSSPYBSXIRAKAMDVNGW

TheStreet.com Rating: No Rating What is this?

  • +
  • USG
    U S G Cp
  • $13.83
  • 0.00%
  • $13.85

She said for the cleanest play look at SPDR S&P Homebuilders (XHB), or investors can trade alongside Warren Buffett with USG Corp. (USG).

People owning USG also tend to own: HRTMRHAESCKHCTRPDRHEBAY

TheStreet.com Rating: D What is this?

  • +
  • HD
    Home Depot Inc
  • $27.36
  • -0.91%
  • $27.59

Adami said the best play is Home Depot (HD). Macke told investors to avoid the housing sector all together.

People owning HD also tend to own: CCLXCVSGOOGGSJNJLLY

TheStreet.com Rating: C What is this?

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