We recently published a list of 10 Stocks Market Experts are Talking About These Days. In this article, we are going to take a look at where Invitation Homes Inc. (NYSE:INVH) stands against other stocks that market experts are talking about these days.
Piper Sandler’s Chief Market Technician Craig Johnson said in a latest program on CNBC that despite the recent market volatility and “negative” headlines, he sees buying opportunities for long-term investors.
“The headlines out here are extremely negative all over the place and the sentiment toward this market is absolutely awful. Typically, you find these readings near sort of bear market lows, which is what you typically see. And if you also start to look at the VIX, it is elevated out here at this point in time. Now, technically we have broken some uptrends, we’ve closed below 50 and 200-day moving averages, but we’re getting to some pretty washed-out levels. I started looking at new highs, new lows, breadth indicators, and all these pieces. And we’re starting to get to levels where you look back and say, “Is this 1989? Is this a period of time that’s like the great financial crisis or the ’87 market crash?” And I think the answer to that is flat out no. So, we’re setting ourselves up for, I think, a potentially pretty good buying opportunity. All this negativity, and again, as Warren Buffett has said, you’ve got to be greedy when people are fearful. When people are greedy, and definitely a lot of fear out here, that seems to me to be a little bit misplaced on the charts.”
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For this article, we picked 10 stocks notable Wall Street analysts were discussing over the past few days. With each company we have mentioned the latest hedge fund sentiment. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A contemporary single-family house at dusk in a residential neighborhood.
Invitation Homes Inc. (NYSE:INVH)
Number of Hedge Funds Investors: 28
Joshua Brown, co-founder and CEO of Ritholtz Wealth Management, said in a latest program on CNBC that he owns Invitation Homes Inc. (NYSE:INVH) in his IRA account and believes the stock has a bright future:
“Dividend yield not high for a REIT, but I think it has a better growth story than most REITs. This is single-family rental homes. They have a portfolio of 80,000 homes in desirable suburban locations, mostly in the South and the West. It’s annualized at 8% a year total return for the last five years. So the dividend is important to that calculation, and the stock has really bided its time in this low 30s level. I think ultimately it breaks out when people feel better about the housing market and want to own REITs again.”
Overall, INVH ranks 10th on our list of stocks that market experts are talking about these days. While we acknowledge the potential of INVH, our conviction lies in the belief that under the radar AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than INVH but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
