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Mowhawk Industries (MHK)

MohawK-300x103One of my favorite sectors right now is the homebuilding market. Shares of KB Home (MYSE: KBH) exploded higher on Tuesday by nearly 10% after a stellar earnings report. The spring selling season is likely to be quite strong.

Interestingly, chemical company DuPont (NYSE: DD) mentioned in its earnings report an expectations of 20% growth in housing in 2014.

Mohawk Industries is primed to benefit from strength in housing. Even before January this stock was cheap relative to expected profit growth. Today it is 5% cheaper. Analysts expect the company to grow profits by 27% in 2014. At current prices shares trade for 17 times 2014 estimated earnings. Mohawk is an easy January dog to buy during this recent pullback.

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