Reported about 1 year ago
A veteran analyst has recommended investing in Builders FirstSource (BLDR) stock, valued at $18 billion, to capitalize on potential growth in the housing market. Despite recent data indicating a decline in home sales due to rising interest rates, experts anticipate Federal Reserve interest-rate cuts that could improve housing conditions. The recommendation for BLDR stock is based on its arms-merchant model, supplying housing materials, and its potential for revenue and earnings growth. However, the risk lies in a potential economic slowdown affecting housing demand.
Source: YAHOO