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61,000 out of 190,000 jobs lost were in the construction sector - new home construction included - for a total proportion of 32%. Obviously construction companies have no current business nor do they see any on the horizon.
Credit Suisse and Goldman Sachs have been dead wrong on other picks in the past. When the stock starts to tank, they will come back with "we continue to hold our position and extend our time horizon". basic BS for "we got it wrong".
Sentiment :
Strong Sell
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