It should be no surprise to anyone that housing stocks and homebuilders have been battered lately. The SPDR S&P Homebuilders ETF (NYSE:XHB) is off -15% so far in 2011, compared with a flat market, thanks to a glut of supply and falling home prices. With so many foreclosed properties on the market, why build more?
I watch more than 5,000 publicly traded companies with my Portfolio Grader tool, ranking companies by a number of fundamental and quantitative measures. And this week, I’ve got four builders going bust.
Here they are, in alphabetical order. Each one of these stocks gets a “D” or “F” according to my research, meaning it is a “sell” or “strong sell.”
M.D.C. Holdings Inc. (NYSE:MDC) is a homebuilder and provider of financial services. MDC stock has followed the same pattern as other homebuilders, dropping 34% year-to-date.
PulteGroup Inc. (NYSE:PHM) is a homebuilding company operating in the U.S. Since that start of 2011, PHM stock’s performance has been uninspiring, down 47% year-to-date.
Standard Pacific Corp. (NYSE:SPF) is a builder of single-family attached and detached homes. SPF stock has not done any building in 2011, having lost 43%, year-to-date.
Toll Brothers Inc. (NYSE:TOL) is known for designing, building, marketing and arranging financing for single family homes in luxury communities. A 20% drop in stock value year-to-date has shareholders looking unhappily at their portfolios.
Get more analysis of these picks and other publicly-traded stocks with Louis Navellier’s Portfolio Grader tool, a 100% free stock-rating tool that measures both quantitative buying pressure and eight fundamental factors.
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