Watch This Mid Cap for Clues on Housing

It looks like investors slept peacefully after Halloween: The Dow (INDEX: ^DJI  ) and the broader S&P 500 (INDEX: ^GSPC  ) are up 1.1% and 0.94%, respectively, as of 10:25 a.m. EDT.

If you're looking for indications on the state of the housing market, Mohawk Industries (NYSE: MHK  ) will be reporting earnings after the close of today's session. At a market value of less than $6 billion, Mohawk is a mid-cap stock, but the company is one of the top suppliers of carpet and flooring for residential and commercial applications.

Incidentally, the world's largest carpet manufacturer is Shaw Industries, a subsidiary of Berkshire Hathaway (NYSE: BRK-B  ) . As I noted earlier this morning, Warren Buffett is betting on a recovery in the U.S. housing market by lending Berkshire's name to a network of residential real-estate agents in a joint venture with Brookfield Asset Management (NYSE: BAM  ) . Buffett has said he's seen an uptick in the residential housing market, and Berkshire expects to hire 8,000 people this year.

In his September premium report, the Fool's value maven, Joe Magyer, wrote that "the range of outcomes with Berkshire's stock today skews deeply in investors' favor." Click here to receive Joe's in-depth report on the stock, which includes a full year of coverage (which will come in handy in decrypting tomorrow's earnings report).

Also reporting after the bell is American International Group (NYSE: AIG  ) , which is also a favorite among value-oriented investors.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2088792, ~/Articles/ArticleHandler.aspx, 10/25/2014 3:58:15 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...