Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of homebuilders -- and PulteGroup
So what: After Toll Brothers
Now what: Housing has to bottom out sometime, right? Today, TheStreet.com made the argument that a contrarian approach is the way to go, and that homebuilders are a great buy. But fellow Fool Rick Munarriz thinks caution is still in order. Only time will tell who is right, but I would tread cautiously today. Toll Brothers reported a profit this week, but it wasn't terribly impressive. This bounce by PulteGroup and others could be more of a dead-cat bounce. Buyer beware!
Interested in more info on PulteGroup? Add it to your watchlist.
Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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