LONDON, June 19, 2013 /PRNewswire/ --
A report released by the Commerce Department on Tuesday, June 18, 2013, showed that U.S housing starts rose 6.8% in the month of May to a seasonally adjusted 914,000 annual rate. Meanwhile, applications for one-family home construction rose at the fastest pace in five years in May. The data once again highlights the ongoing recovery in the U.S. housing market. While residential construction companies have been the biggest beneficiaries of the housing market recovery, the rebound has also helped lumber and wood production companies, as well as general building materials companies. Yesterday, shares in industrial goods companies ended mostly higher, tracking gains in the broader market, which moved higher for a second successive day. The major movers in the sector included PulteGroup Inc. (NYSE: PHM), Weyerhaeuser Company (NYSE: WY), Joy Global Inc. (NYSE: JOY), and Fastenal Company (NASDAQ: FAST). AAAResearchReports.com has released full comprehensive research on PHM, WY, JOY, and FAST. These free technical analyses can be downloaded by signing up at
Shares in PulteGroup Inc. moved 0.33% higher on Tuesday, extending their gains from previous trading sessions. The company's shares hit an intraday high of $21.62 before closing the day higher at $21.49. A total of 7.11 million shares were exchanged which is below the daily average volume of 8.55 million. Shares of PulteGroup have now risen by over 2.60% in the last three sessions. So far this year, the stock has gained over 22.00%. Furthermore, the company's shares this week traded above their 50-day moving average. A free technical analysis on PHM available by signing up at:
Weyerhaeuser Company's stock slipped on Tuesday even as the broader market rallied. The company's shares traded between $28.03 and $28.77 before closing the day 1.47% lower at $28.24. A total of 14.44 million shares were exchanged which is well above the daily average volume of 5.36 million. Shares of Weyerhaeuser have now fallen over 13.00% in the last one month. However, despite the losses, the stock is still up nearly 2.40% since the start of the year. The company's shares are currently trading 15.04% below their 52-week high. Register today and access free research on WY at:
Shares in Joy Global Inc. saw some gains yesterday, reversing some of their recent losses. The company's shares traded between $52.12 and $53.22 before finishing the day at $53.04, or 1.20% higher. It also saw total volume of 1.87 million shares which is below the daily average volume of 2.08 million. Joy Global's shares are now down nearly 1.50% in the last three sessions. So far this year, the stock has slipped over 40.00%, thus underperforming the S&P 500. It is currently trading well below its 50-day moving average, but continues to trade below its 200-day moving average. The free report on JOY can be downloaded by signing up now at:
Fastenal Company's stock moved lower on Tuesday, extending their losses from previous trading sessions. The company's shares ended the day 0.64% lower at $46.90 after trading between $46.75 and $47.39 on volume of 2.53 million which is well above the daily average volume of 1.62 million. Fastenal's shares have now fallen over 3.40% in the last three sessions. The stock is currently trading at par with its 50-day moving average. Additionally, the company's shares are currently trading 12.14% below their 52-week high. A free report on FAST can be accessed by registering at:
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