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If you folks have been following along, you'll know that I've recently started offering a free new service called Profit Pregame, where every morning Monday through Friday, I've been delivering an easy to digest rundown of the market, answering the three simple questions:
Where's the money?
How can I get some?
Despite the impact of coronavirus, Americans are still ready and willing to buy a new home or fix up their current one.
To no one's surprise, the housing market experienced a sharp decline at the beginning of the pandemic...
In fact, in April, pending home sales reached their lowest point in nearly two years.
However, as restrictions begin to lift and more Americans go back to work, an influx of buyers and sellers are coming back to the market. And this rapid return is beginning to form what could be a "V-shaped" recovery.
Over the past few weeks alone, purchases have been skyrocketing. And we're seeing 13% more than at this same time last year.
Listed homes are also typically under contract within 30 days, which indicates that the market is moving fast.
Where's the Money?
This momentum is an excellent sign for the housing market - but it also helps boost the stocks of builders, retailers, home goods suppliers, and real estate companies.
For instance, Home Depot Inc. (NYSE: HD) is up nearly 15% this year, making it the third best-performing stock in the Dow in 2020.
And HD isn't the only one making news. Homebuilder Lennar Corp. (NYSE: LEN) is up 15% this year, too.
So, it goes without saying that the housing market is booming and has come back from its April lows stronger than ever.
But I've got my eye on one specific name in this world.
And using my proprietary system, I found the perfect play on this stock that could deliver you some massive gains.
Here it is...
How Can I Get Some?
About the Author
Andrew Keene is a globally known trader and a renowned expert on all things options.