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Don't Follow Goldman into High-End Homebuilders: Trader
10 Apr 2012 EDT - CNBC.com
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Even as the stock market sell-off entered its 5th day, the Fast Money pros were still searching for opportunity. Here's what was on their radar.HomebuildersHigh end homebuilders landed front and center after analysts at Goldman Sachs recommended buying Toll Brothers and PulteGroup.The firm made the call due to results from their first quarter housing survey, which showed that the high-end consumer is more confident versus six months ago about the economy and prefers new homes by a wide margin. Toll Brothers and PulteGroup are best positioned to monetize these trends the firm said.

Trader Brian Kelly finds the call interesting. However he says “I still skew toward construction. USG is one my favorite plays. I’m long. With the market being down, I think people are going to put money into their house, rather than move."

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