Yesterday saw JBH fall close to 5% following a slightly disappointing 3rd quarter updater and no earnings guidance for FY22. This is one company that could start to feel the impact of both a slowing housing market and supply chain disruptions building in China. When we look at the chart yet again we see a stock that’s threatening to fail after “popping” to fresh highs with JBH now more than 12% below its March high, the stocks not expensive here but on balance we’re happy to watch from the sidelines for now.
MM is neutral at best JBH
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