Navellier: Buy this stock on the housing recovery

Mohawk Industries truck.
Source: Mohawk Industries.
Mohawk Industries truck.

Louis Navellier, whose CNBC's "Squawk Box" Platinum Portfolio is up 20 percent this year, is buying home furnishing maker Mohawk Industries and selling CVS for the competition.

Navellier uses quantitative analysis to find stocks that have strong sales and positive earnings outlooks, but moderate price multiples.

Here's why he made these moves in his model portfolio: