Watch list: iShares U.S. Home Construction
Today’s news on home sales show sales of new homes continue to fall and the home builders are getting hammered. The iShares Home Construction ETF: ITB has fallen by 50% since coming out a little over a year ago.
For cyclical stock such as home-builders, yes home construction is cyclical, the share prices should start upward before the actual turn up in the home-building market.
So, ITB will be the first member of the Watch List of this blog. So I better write a watch list page, but you saw it here first.
More on this topic
(What's this?)
The Upside of the Downside
(Financial Armageddon, 8/19/10)
Barclays Upgrades ReneSola (SOL) & Trina Solar (TSL), Raises Price Targets
(Green Stocks Central, 8/18/10)
Bookkeeping: Covering iShares Barclays 20+ Year Treasury Bond (TLT)
(Fund my Mutual Fund, 7/30/10)
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