An interesting industry I’ve been tracking is the real estate and home building sectors. Today it was announced that new home sales dropped 11.2% last month dropping our annual pace to 309,000 units, the lowest level on records going back nearly a half century. Sheesh. No wonder people are switching careers. Just take a second to observe what is going on in your own community. I’m sure many of you have friends who are realtors who now have an 8-5 job, but the glimmer of hope that the market will rebound for them is probably at record lows too. Shift.
… bad news is that it wasn’t planned to be this way. Despite all the government help there is to help new buyers and troubled home-owners, the rates of new home sales is trending down. If you’re familiar with tax law, then you probably noticed that the Government is trying hard to make you spend money in 2009 and 2010. So, I guess the solution out there is to spend our way out of debt? I really don’t know how to solve these problems, and I’m quite neutral on politics, but at least I can see cause-and-effect reverberations in the stock market…
Back To The Books
While the Government is occupied with putting band-aids on little bruises around the economy, the American individual with the backs to the wall will usually begin to take things into their own hands. That’s why, when certain industries (home, real estate, mortgage loan) are troubled, look for the education stocks to start to rock. A few you can pick up are getting close to break-out points, and you can’t ignore the accumlating volume over the past few weeks. Aloha!…
Career Education Corp. [[CECO]] …top pick in industry
Apollo Group, Inc. [[apol]] … leader, and measure for the industry. And they charge a butt load on tuition.
ITT Educational Services, Inc. [[esi]] … Intel’s big bid for investing in tech means more jobs for tech people. This may have some effect on ESI’s enrollment numbers
DeVry Inc. [[dv]] … another stock getting ready to breakout.
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Good eyes on EDUs–last few days several popped into the new 20 day highs.