Housing Hits New Highs
The following video is from Tuesday's Investor Beat, in which host Chris Hill and analysts Jason Moser and Matt Koppenheffer dissect the hardest-hitting investing stories of the day.
New-home sales hit their highest point in almost five years in May, rising 2.1% from the previous month. In other housing news, the Case-Shiller index of home prices in 10 major markets increased 1.8% in April. In this installment of Investor Beat, Matt and Jason discuss how investors should analyze the housing market and why bank stocks are the hidden winners.
Also, our analysts discuss why Barnes & Noble, Lennar, Carnival Cruise Line, and Sprint Nextel made big moves today, and why they'll be keeping a close eye on shares of Paychex and Nike this week.
With the American markets reaching new highs, investors and pundits alike are skeptical about future growth. They shouldn't be. Many global regions are still stuck in neutral, and their resurgence could result in windfall profits for select companies. A recent Motley Fool report, "3 Strong Buys for a Global Economic Recovery," outlines three companies that could take off when the global economy gains steam. Click here to read the full report!
The article Housing Hits New Highs originally appeared on Fool.com.Chris Hill and Matt Koppenheffer have no position in any stocks mentioned. Jason Moser owns shares of Nike. The Motley Fool recommends Nike and Paychex and owns shares of Nike. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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