CCS - PulteGroup Stock: Worthy Of More Upside From Here

2024-07-05 07:30:00 ET

Summary

• PulteGroup stock has seen impressive upside, outperforming the S&P 500 by a significant margin.
• The company has shown stability and growth in operations despite uncertainties in the homebuilding market.
• PulteGroup's financial performance has remained strong, with revenue and profitability increasing in recent quarters.
• PHM shares are also cheap and likely offer additional upside from here.

In the stock market, one of the most impressive performers in recent years has undoubtedly been PulteGroup ( PHM ). Since I last reaffirmed my 'buy' rating on the stock in August of last year, shares have seen upside of 36.7%. That comfortably beats out the 25.1% increase seen by the S&P 500 over the same window of time. And since I first rated it a 'buy' in January of 2021, shares are up a whopping 156.7%. That's over triple the 45.6% move higher seen by the broader market....

For further details see: