By Michael Cintolo, Vice President of Investments and Editor of Cabot Market Letter and Cabot Top Ten Report
From Cabot Wealth Advisory 3/29/08 Sign up for free Cabot Wealth Advisory e-newsletter
Gafisa (GFA), a Brazilian homebuilder that's taking advantage of a still-strong economy, more lenient mortgage terms and pent-up demand for dwellings (especially lower-end homes) to post extremely fast growth.
In fact, Gafisa is really one of the only "new" stocks that's posting rapid sales (up 88% in the last quarter) and earnings (up 400%) growth.
Thus, if this market gets going, I'm thinking GFA has a chance to put on a very good show. A big breakout above 43 would be highly bullish.
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Michael Cintolo
Vice President of Investments and Editor of
Cabot Market Letter and
Cabot Top Ten Weekly
A growth stock and market timing expert, Michael Cintolo is editor of Cabot Market Letter and Cabot Top Ten Weekly. Since joining Cabot in 1999, Mike has uncovered exceptional growth stocks and helped to create new tools and rules for buying and selling stocks. Perhaps most notable was his development of the proprietary trend-following market timing system, Cabot Tides that has helped Cabot place among the top handful of market-timing newsletters numerous times.