Instead of homebuilding stocks, consider these house remodeling and furnishing plays.
Concern that Spain could default on its debt may negate what should be a decent week for earnings. Companies reporting include Coca-Cola, Citigroup, IBM, Intel, Kimberly-Clark, Microsoft and GE. Also due is the March report on housing starts.
If housing is still such a drag on the economy, what are paint companies and home improvement chains doing on the 52-week-high list?
Investors bet on a gradual recovery in the housing sector.
It was a bad call to expect a rollback in all housing stocks based only on KB Home's awful earnings report last week.
The week ahead will signal if the market has peaked or is just taking a breather. Earnings from Lennar, Walgreen and Paychex will help answer the question. So will reports on pending home sales and Chicago Purchasing Managers Index.
Sentiment is too bullish and volume doesn't support these stocks' fast rise, but technical analysis can determine the price point to buy in on a pullback.
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Stores are seeing more shoppers, often those with a household income of about $100,000, on the hunt for deals on chic items.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
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