Before the Bell Scans of Tempur Pedic, Select Comfort, Fortune Brands Home &
Security, Leggett & Platt, and Sealy
LONDON, March 12, 2013
LONDON, March 12, 2013 /PRNewswire/ --
One of the biggest beneficiaries of the ongoing improvement in the U.S.
housing market has been the home furnishings & fixtures industry. The
improvement in the housing market has been driven by record low mortgage
rates. Mortgage rates are expected to remain low for a considerable time,
given the Federal Reserve's commitment to ongoing quantitative easing program.
Given these factors, the housing market is expected to continue to recover,
benefiting home furnishings & fixtures companies such as Tempur-Pedic
International Inc. (NYSE: TPX), Select Comfort Corp. (NASDAQ: SCSS), Fortune
Brands Home & Security Inc. (NYSE: FBHS), Leggett & Platt Inc. (NYSE: LEG) and
Sealy Corporation (NYSE: ZZ). On Monday, home furnishings & fixtures stocks
ended mostly higher, tracking gains in the broad market. StockCall has taken
an interest in these companies and you can now sign up to download the free
technical research on TPX, SCSS, FBHS, LEG, and ZZ at
Shares of Tempur-Pedic International Inc. rose sharply in Monday's trading
session. The stock closed 1.93% higher at $45.97 on volume of 1.71 million. In
the last three sessions, Tempur-Pedic's shares have gained more than 6.60%.
The company's shares have had an excellent run, gaining nearly 46%. Shares of
TPX have been rallying since last month. The stock has recently broken through
$40, which has been a stiff resistance level in the past. The stock's MACD is
currently giving strong bullish signals. Sign up today to read the free
research report on TPX at
Shares of Select Comfort Corp. also rose sharply in Monday's trading session.
The stock closed 2.98% higher at $18.69 on volume of 1.50 million yesterday.
Select Comfort's shares have gained nearly 9% in the last three sessions.
Despite the recent rally, the company's shares have fallen more than 28% so
far this year, underperforming the broad market. However, recent volume
activity and the MACD chart suggest that market sentiment has turned bullish
on the stock. Register to download the free technical analysis on SCSS at
Shares of Fortune Brands Home & Security Inc. slipped in Monday's trading
session. The stock closed 0.47% lower at $35.85 on volume of 1.05 million.
Fortune Brands shares have outperformed the broad market in 2013, gaining more
than 22%. The stock is currently trading close to its 52-week high of $36.34.
The company's shares have seen a series of highs in the last few trading
sessions, which is a bullish signal. Free report on FBHS can be accessed by
Shares of Leggett & Platt Inc. rose sharply in yesterday's session. The stock
closed 1.32% higher at $32.31 on volume of 1.18 million. On Monday, the stock
hit a 520-week high of $32.49. Year-to-date, Leggett & Platt's shares have
gained more than 18%. Its shares have seen a series of highs over the last two
weeks, which indicates that the market sentiment is upbeat on the stock.
Register with StockCall and download the research on LEG for free at
Sealy Corporation shares finished flat in Monday's trading session even as the
broad market edged higher. The stock closed at $2.20 on volume of 407,015
yesterday. Sealy's shares have traded sideways over the past few months,
struggling to break through $2.20 resistance level. Read the full free
research on ZZ by signing up to StockCall at
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