6 stocks positioned to gain with housing market

stock-marketBy Rachel Koning Beals | Bloomberg

CHICAGO (MarketWatch) — Consumer discretionary stocks have already logged an impressive run. But select names, thanks to housing-market strength, may not yet have hit the ceiling.

Consumer discretionary is a cyclical category that’s the beneficiary of an economic confidence boost. The benchmark S&P 500 consumer discretionary sector index rose 27% this year through July 12 and was up 19.5% annualized over the past five years.

Veteran fund manager Hersh Cohen on the future of dividend-paying stocks, and why he thinks 3M is a buy.

Such results would seem difficult to improve. Not necessarily. That’s because, by some analyst accounts, the housing market recovery is just underway. As it continues, so will the rally in consumer discretionary stocks. Read more: The housing recovery myth.

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