Zacks Industry Rank Analysis Highlights: Potlatch, Home Depot, Lowes, Hovnanian and Lennar

RELATED QUOTES

SymbolPriceChange
PCH38.89+0.65
HD128.68+0.75
LOW72.21+0.20
HOV1.69+0.05
LEN42.34+0.15

For Immediate Release

Chicago, IL – January 10, 2013 – Stocks featured in this week’s Zacks Industry Rank analysis include Potlatch Corp. (PCH), Home Depot (HD), Lowes (LOW), Hovnanian (HOV) and Lennar Corp. (LEN).

Zacks Industry Rank Analysis is written by John Blank, Ph.D, Chief Equity Strategist, Zacks.com.

Construction Jobs on the Rise

What did I find most encouraging about the December ADP private payroll and Federal government jobs reports?

  • A revival in construction jobs. Although ADP said rebuilding after Superstorm Sandy likely lifted their December construction jobs gain, this is nevertheless the seventh month in a row for adds to construction. The +39,000 ADP job adds in construction was the best number since February 2006.
  • ADP financial activities were up +14,000, a 16th month straight positive run. This was the best financial activities job add number since March 2006.


This pair of sectors moves together: one finances projects, the other builds them. What a nice positive feedback loop. It takes the overall macro economy system up in a cyclical fashion.

A serial pick-up in jobs means strong underlying profits. Firms don’t hire workers unless they make strong profits by doing so. This led me to the Construction Sector to look for stock picks.

(1) Potlatch Corp. (PCH) is an integrated forest products company with substantial timber resources. It is engaged principally in the growing and harvesting of timber and the manufacture and sale of wood products, printing papers and pulp and paper products. Its timberlands and all of its manufacturing facilities are located within the continental United States (Zacks Rank #1).

(2) Home Depot (HD) and Lowes (LOW) (Zacks Rank #2).

(3) Hovnanian (HOV) and Lennar Corp. (LEN) (all Zacks Rank #2). Homebuilders.

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Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Contact: Sheraz Mian
Company: Zacks.com
Phone: 312-265-9211
Email: pr@zacks.com

Visit: www.Zacks.com

 

 

Read the analyst report on PCH

Read the analyst report on HD

Read the analyst report on LOW

Read the analyst report on HOV

Read the analyst report on LEN

Zacks Investment Research



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MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.152-0.008-5.00%
    N21.SI
    0.12+0.01+12.15%
    40F.SI
    0.115+0.003+2.68%
    40E.SI
    0.113+0.007+6.60%
    43E.SI
    3.97-0.05-1.24%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.186+0.025+15.53%
    AWS.SI
    0.12+0.01+12.15%
    40F.SI
    0.164+0.016+10.81%
    40N.SI
    1.35+0.11+8.43%
    U19.SI
    0.475+0.035+7.95%
    NC2.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.36-0.24-40.00%
    AWG.SI
    0.20-0.06-23.08%
    AWI.SI
    0.27-0.03-11.48%
    BQO.SI
    0.30-0.03-9.09%
    5VP.SI
    0.265-0.025-8.62%
    BKA.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3618-0.0022-0.16%
    USDSGD=X
    1.5296-0.0004-0.03%
    EURSGD=X
    1.7640-0.0041-0.23%
    GBPSGD=X
    74.1220+0.051+0.07%
    SGDJPY=X
    5.6879+0.0039+0.07%
    SGDHKD=X
    3.0355+0.0126+0.42%
    SGDMYR=X
    9,608.6318+65.9189+0.69%
    SGDIDR=X
    4.8930+0.006+0.12%
    SGDCNY=X
    1.0421+0.0012+0.12%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,318.80-7.20-0.54%
    GCZ16.CMX
    19.25+0.06+0.30%
    SIZ16.CMX
    94.00-1.01-1.06%
    ^XAU
    2.21+0.02+1.07%
    HGZ16.CMX
    43.85+0.41+0.94%
    CLV16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.16+0.04
    ^FVX
    1.61+0.05
    ^TNX
    2.34+0.06
    ^TYX