FERG - This Plumbing and Heating Stock Is on a Tear and It's not Too Late to Buy
It's supposed to be a bad time for stocks with exposure to the housing sector, with rising mortgage rates. But apparently no one told that to Ferguson (NYSE: FERG) .
I previously wrote about the U.K.-based distributor of heating and plumbing supplies in October, and the stock has returned about 35% since that time. It's up roughly 22% over the past six months, vastly outperforming the S&P 500 and Nasdaq , which are up 4% and down 2%, respectively, over the same time frame.
Yet, even after outperforming the broader market, there is still plenty to like about Ferguson, and it's not too late to add shares of the company to your portfolio.
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This Plumbing and Heating Stock Is on a Tear, and It's not Too Late to Buy