The large-cap, big name stocks are all you hear about in the media. You know the names… Apple (APPL), Google (GOOG), and Caterpillar (CAT) are just a few. After listening to the hype, you’re probably salivating to buy some of these big name stocks.
However, $600, $500 and even $120 stocks are just out of most investors reach…
If you can’t justify paying the big price tag, not to worry… we have a small-cap penny stock alternative you can buy instead. Not only will it cost less, you’ll be able to buy more shares!
This week, we’ve found a great alternative to Home Depot (HD).
As you’re probably aware, the entire stock market has been on fire so far in 2012. Most of the major indexes are up 10% and better so far! Some industries that have lagged in the past are outpacing the market right now, including home improvement retailers.
When I think home improvement, just one name comes to mind… Home Depot.
HD shares have soared since the August low set last year by over 78%! If you’ve owned shares since then, you’d be quite happy with their performance. Why wouldn’t you be… they’ve nearly doubled!
The problem is, at over $50.00, shares are quite pricey…
If shares of HD are a bit too rich for your blood, I’ve found a great alternative to profit from the rally in home improvement stocks.
Builders FirstSource (BLDR)
If you’ve never heard of them, BLDR is a company specializing in home building and remodeling products. And with many homeowners owing more on their house than they’re worth, remodeling has become the best way to upgrade your home.
Even better, BLDR is a stock set to benefit from a recovering housing market. And with the housing numbers improving month after month… BLDR shares are set to surge even higher.
Recently, you can see the price of BLDR has spiked over $4.00. But not to worry… the company received an upgrade from analyst BB&T. The upgrade came after BLDR released financials showing an improvement in the top line, as well as shrinking a 2010 loss by 50%.
If you want to invest in the home improvement industry, but just can’t cough up nearly $50 for Home Depot shares… then Builders FirstSource is a great way to get in the game.
Keeping you one step ahead,