CHART OF THE DAY: Keepin' It Real(ogy)

08/04/17 08:01AM EDT

Below is our Chart of the Day and an excerpt from this morning's Early Look. It was written by our U.S. macro analyst Christian Drake.

Real estate service company Realogy (RLGY), which has been on our Best Idea list as a Long the last couple quarters, is a proxy play on resurgent high end consumption as its largest, NRT segment is levered to dollar volume (sales + price) transactions at the middle and top price tiers in generally affluent markets. 

Indeed, RLGY raised guidance and beat both top and bottom line estimates for 2Q yesterday with the 12% gain in NRT leading the upside.

CHART OF THE DAY: Keepin' It Real(ogy) - Keepin It Real ogy CoD

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