Hmmm.. I find it quite interesting that new home sales are getting stronger with each passing month. I wonder what that means for companies like Wells (WFC) and Bank of America (BAC) with massive exposure to housing?
Disclaimer: I am LONG Wells Fargo (WFC) and Bank of America (BAC) stock as of the posting date of this article. This post is merely to present an idea and not to try to persuade you to buy/sell any security within. Please do your own Due Diligence BEFORE making any trades.
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