The following video is part of our "Motley Fool Conversations" series, in which analyst Jim Mueller and analyst John Reeves discuss topics across the investing world.

Is the housing downturn over? Jim and John discuss strong earnings reports coming from several homebuilders, the highest level of new contracts in nearly two years, and the fantastic results from a little-known picks-and-shovel player in the housing sector.

Although we always invest for the long term at the Fool, companies have a lot riding each time they report earnings. Earnings season can propel your favorite stocks to new heights or sink them like the Titanic. Fortunately, the Fool recently identified five stocks we think are poised to win as they report their first-quarter earnings this month -- and for years into the future: "5 Stocks Investors Need to Watch This Earnings Season." The report won't be available forever, so we invite you to enjoy a free copy today. You can click here to access your report -- it's totally free.

Jim Mueller owns shares of Meritage Homes. John Reeves has no positions in the stocks mentioned above. The Motley Fool owns shares of Universal Forest Products. Motley Fool newsletter services recommend Meritage Homes. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.