Futures are pointing to a lower open this morning as the deadline approaches for Congress to reach a decision on a stimulus package. Initial Jobless claims are also out this morning. This is all coming on the heels of a multi-day winning streak for the major U.S. indices. It will be an interesting day as more news emerges.
Homebuilders have been getting attention lately as more Americans seek to upgrade their living situation. As the home buying trend picks up steam, you may want to consider establishing a position in homebuilder stocks.
One of the top rated in the industry is Meritage Home Corp. (MTH).
Meritage Homes Corp. Designs and builds single family homes in the U.S. and has been trading publicly for more than 30 years. MTH has been a favorite in the industry for a long time. The company recently made the Forbes “Platinum 400” ranking for a third consecutive year and is regularly featured in the “Fortune 100” list of high-revenue companies.
Meritage still has plenty of room to grow. As a pioneer of the luxury, energy aware building trend, MTH is setting the standard for energy-efficient homes. The energy-efficient home building trend is expanding rapidly and MTH is one of our favorite ways to get in on the trend. The company possesses an “A” top rated Zack’s Growth Score and has a PEG ratio of 0.59 compared with 1.27 for the industry.
