Chris Versace, the editor of PowerTrend Profits and a contributor to Eagle Daily Investor, is featured on the front page of Forbes.com today in an analysis of the latest unemployment report from the U.S. Bureau of Labor Statistics (BLS). Versace assessed the data quickly and warned that the report, combined with a host of other information about the economy in the past week or so, points to a market pullback in the next few weeks.
“Based on the BLS report headlines, however, several sectors and related stocks will likely trade higher today,” Versace wrote. “One is the housing market as job growth has long been a key driver and that bodes well for shares of Toll Brothers (TOL), The Ryland Group (RYL), Standard Pacific (SPF), D.R. Horton (DHI) and M/I Homes (MHI).”
Disclaimer: Subscribers to Chris Versace’s PowerTrend Profits newsletter were advised to buy shares of M/I Homes (MHO) on September 14, 2012.
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