Market Overview

Chris Verrone Shares His Housing Picks


On CNBC's "Fast Money," Chris Verrone of Strategas said that the consumer cycle is very robust because the consumer discretionary stocks are outperforming the staples stocks. The homebuilding has been a big driver of this move so Verrone thinks it would be a good idea to get some long exposure.

He would buy pullbacks in Lennar Corporation (NYSE: LEN) because he expects the stock to be a leader for a long time.

Verrone also wants to own Williams-Sonoma, Inc. (NYSE: WSM). Its bear market is over and the stock is performing better relative to the S&P 500.

Tempur Sealy International Inc (NYSE: TPX) is on the verge of breaking out above its five-year range, but it's already breaking out on the relative terms versus the S&P 500, explained Verrone. He is a buyer of the stock.


Related Articles (LEN + TPX)

View Comments and Join the Discussion!

Posted-In: Chris Verrone CNBC Fast MoneyLong Ideas Media Trading Ideas