Published on 29 Dec 2023 on Zacks via Yahoo Finance
Still Time to Invest in the Booming Zacks Construction Sector Going into 2024?
Extensive backlogs from the pandemic continued to propel homebuilders and many building material companies this year. Year to date the Zacks Construction sector has a total return of +52% when including dividends to easily top the S&P 500’s +22% and even the Nasdaq’s +44%.
Even better, several Zacks Construction sector stocks still appear to be undervalued considering their strengthened outlooks. Several of these construction stocks also belong to top-rated Zacks business industries at the moment making now a good time to invest going into 2024.
Standing out in terms of value here are three of the more promising Zacks Construction sector stocks for the new year.