CoreSite Realty Corp (COR)
Things are getting pretty as a result of the current pandemic.
The current unemployment rate is around 15% and rising, the highest the U.S. has seen since the Great Depression.
And like the great recession, real estate has been a mess.
So it may seem odd that today’s Chart of the Week is in real estate.
To be clear, we’re not looking at real estate as a group, but specifically at data center and cell tower stocks within real estate.
In this first chart, you can see how cell-tower index compares vs real estate.
Within that group, there’s one stock in particular that I’m big on, and that is CoreSite Realty (COR).
We’re long above 122 with a price target of 144.
The idea is to not own real estate as a group, but specifically to own the cell tower and data center stocks specifically.
So again, we’re long above 122 in COR.
Til next time, good trading,
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