The unexpected comeback…
The housing market is remaining stable.
Despite the impact of coronavirus, Americans are still ready and willing to buy a new home or fix up their current one.
To no one’s surprise, the housing market experienced a sharp decline at the beginning of the pandemic…
In fact, in April, pending home sales reached their lowest point in nearly two years.
However, as restrictions begin to lift, and more Americans go back to work, an influx of buyers and sellers coming back to the market. And this rapid return is beginning to form what could be a “V-shaped” recovery.
Over the past few weeks alone, purchases have been skyrocketing. And we’re seeing 13% more than at this same time last year.
Listed homes are also typically under contract within 30 days, which indicates that the market is moving fast.
Where’s the money?
This momentum is an excellent sign for the housing market – but it also helps boost the stocks of builders, retailers, home goods suppliers, and real estate companies.
For instance, Home Depot (HD) is up nearly 15% this year, making it the third best-performing stock in the Dow in 2020.
And HD isn’t the only one making news. Homebuilder Lennar (LEN) is up 15% this year too.
So, it goes without saying that the housing market is booming and has come back from its April lows stronger than ever.
But I’ve got my eye on one specific name in this world.
And using my proprietary system, I found the perfect play on this stock that could deliver you some massive gains.
Here it is…
How can I get some?
Using my proprietary trading system, I zoned in on a stock that is the perfect setup for this real estate boom…
Lennar (LEN) is a leader in the world of constructions and sales of single family homes.
And when I saw this signal come up on S.C.A.N. – I knew it would be an excellent opportunity for my Profit Pregame readers.
I really like the LEN November 20, 2020 $65 calls for a nice bullish play on the momentum building in the housing industry, especially if you can get them for less than $8.50. If you agree, all you have to do is tell your broker that you want to buy-to-open the LEN November 20, 2020 $65 calls for $8.50 or less, and just like that, you’ve got skin in the game.
Mid-week money tip:
Listen, I know what it’s like to feel stuck – to feel like no matter what you do, your finances will never change. I also know what it’s like to lose everything you’ve worked harder than ever to build.
In fact, when I lost my first small fortune, I fled to Thailand and lived there for months on a shoestring budget. I couldn’t handle the mistakes I kept making.
But there’s a simple strategy I started following that turned my life around…
And I’ll be revealing it today.
So, keep an eye on your inbox.
In the spotlight: Beijing is hunkering down
As of Wednesday, the Chinese capital, Beijing, canceled more than 60% of its commercial flights.
A spike in coronavirus cases.
As of 9 am on Wednesday, a total of 1,255 flights had been shut down.
These cancellations are part of Beijing’s effort to limit travel in and out of the city – specifically travel from districts where new cases have been detected.
On top of flight cancellations, the city also raised the threat level from a two to a three – which means classes are canceled, stricter social distancing requirements are in place, and plans for opening up have been suspended for the foreseeable future.
And this is because in recent weeks, after basically eradicating local transmission, the city has seen 137 new cases develop.
Now, as we know, COVID-19 news has the potential to impact the market in a big way…
So, with that said, I am going to keep an eye on this developing story and keep you updated on what’s to come.