Scalper1 News
The recovery in the housing market certainly is helping building-products stocks, but new products also are playing a role. Acuity Brands (AYI), for example, saw sales of LED-based lighting products jump more than 70% in the November-ended quarter. Demand for the high-efficiency LED products and the growth of technology that connects home devices to wireless apps have been key growth drivers. The stock has formed a four-weeks-tight pattern with a Scalper1 News
Scalper1 News