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....
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PulteGroup Stock: Worthy Of More Upside From Here