Home Builder Index at Seven-Year High

The stock market is doing well this morning. Tech, energy and financials are leading. The S&P 500 is up to 1,644 which is on track for its highest close this month. Our Buy List just broke the +17% mark for the year, and I see that Medtronic ($MDT) is at a fresh 52-week high. I expect a dividend increase soon from MDT.

The all-important Fed meeting starts tomorrow. The National Association of Home Builders said that their index hit 52 in June. This is the first time it’s been over 50 in seven years.

Also tomorrow, FactSet Research ($FDS) is due to report earnings, and the stock is near a new high.

Posted by on June 17th, 2013 at 11:29 am


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