Hovnanian and Graham

Yesterday, I suggested that this rally was unlikely to retrace much ground and give buyers an attractive entry point. I went on to recommend a position in homebuilder Hovnanian Enterprises (NYSE:HOV). 

Well, today stocks are pushing higher and Hovnanian is up 20% from yesterday’s closing price of $1.52. 

Graham Corp (AMEX:GHM) is pushing higher, too. It’s up 7% today and 13% since last Thursday’s recommendation.  

*****Durable goods came in better than expected this morning. It seems as though we have entered a positive news cycle that will keep stocks in rally mode. The S&P 500 could be headed to 900, adding another 80 points in short order.  

*****The TradeMaster Daily Stock Alerts video conference airs tonight at 6 pm ET. There’s still time for you to register for this event. Click HERE for details. 

*****Finally, it’s Newsletter Advisor Wednesday. This week, we’ve got an interview with Coby Lamson of Coby Lansom Capial Management. Enjoy. 

That’s it for today. I’ll talk to you tomorrow.

Investment Expert Insights- Interview with Coby Lamson