Shares of Masco Corp., maker of faucets and cabinets, are poised to beat the market as investors bet on rising sales of new and existing U.S. homes.
Housing-market turnover is the “macro variable that really drives Masco’s stock,” according to Walter Todd, who oversees about $950 million as chief investment officer at Greenwood Capital Associates in Greenwood, South Carolina. As a result, investors who are “positively inclined” about further improvements are considering shares of the Taylor, Michigan-based company, he said.
