|Bid||45.65 x 800|
|Ask||47.00 x 900|
|Day's Range||46.26 - 47.12|
|52 Week Range||37.29 - 55.05|
|Beta (3Y Monthly)||1.06|
|PE Ratio (TTM)||7.93|
|Forward Dividend & Yield||0.16 (0.34%)|
|1y Target Est||N/A|
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
Lennar Corp. — the largest homebuilder in the U.S. — wants to build a massive resort-style development south of a $500 million-plus project near I-Drive. The Miami-based company (NYSE: LEN) plans to build 240 condos, 200 townhomes and 62 single-family homes on 68 of 77.3 acres south of the mixed-use Dezerland car museum and entertainment complex, according to records obtained from the city of Orlando. Orlando Business Journal previously reported an unnamed buyer was under contract for 68 acres for a “very large resort type of project." Lennar couldn't be reached for comment.
Lennar is proposing 100-unit attached town home development in Victoria, but city planning staff have urged the Planning Commission to recommend denial to the City Council.
Rialto Management Group will move its headquarters to Southeast Financial Center in downtown Miami, according to JLL. The commercial real estate investment and asset management firm is currently based at 790 N.W. 107th Ave. in Doral, near the headquarters of its former parent company Lennar Corp. Lennar (NYSE: LEN) sold Rialto for $340 million in December 2018 to Stone Point Capital. Now, Rialto has leased 46,746 square feet at Southeast Financial Center, a 55-story tower at 200 S. Biscayne Blvd. JLL’s Eric Groffman and Cameron Tallon represented the landlord in the deal and Newmark’s Patrick Duffy represented Rialto.
Among the negatives are falling builder confidence, rising costs, labor shortages, trade tensions with China that may disrupt supplies of materials, and disappointing recent sales figures, according to a detailed story in The Wall Street Journal as outlined below. The S&P Homebuilders Select Industry Index has surged by 28.5% for this year through July 10, outdistancing the 19.4% gain for S&P 500 Index (SPX), per S&P Dow Jones Indices. A leading ETF tracking the homebuilding index, the SPDR S&P Homebuilders ETF (XHB), is up by 29.7% based on adjusted closing price data from Yahoo Finance.
With little demand for new office space in the northwest metro, another chunk of Brooklyn Park’s Astra Village business park may go residential.
What started out as a third straight day of losses certainly didn't end that way. On Tuesday, the S&P 500 mustered a 0.12% gain, giving investors something to build on should they decide the market is safe enough to add long positions here.Source: Allan Ajifo via Wikimedia (Modified)Supersized company Amazon.com (NASDAQ:AMZN) did more heavy lifting than any other name, gaining almost 2%. But Square (NYSE:SQ) ultimately won the day's top-performer honors. Shares of the fintech name rallied more than 6% after Raymond James analyst John Davis upgraded SQ on optimistic expectations about the company's soon-to-launch business debit card.Holding the market back more than any other name was telecom outfit Verizon (NYSE:VZ), which was down a couple of percentage points following a downgrade from Citi. Analyst Michael Rollins explains: "[W]e believe national wireless firms that take more aggressive steps to shape their long-term strategic and competitive position in the industry have a better chance of creating value over the next 12-months."InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks to Buy on College Students' Radars Headed into the midpoint of the week, however, it's the stock charts of PepsiCo (NASDAQ:PEP), EQT Corporation (NYSE:EQT) and Lennar (NYSE:LEN) that are of the most interest. Here's why. Lennar (LEN)In late June, Lennar was put under the trading microscope. A sharp single-day setback dragged the homebuilding stock under several key moving average lines, and there was no intraday rebound effort. The selloff was so significant, nobody was willing to buy the dip.The next day, Lennar shares only had to kiss their 200-day moving average line to start a feeble recovery effort. But, it was a recovery effort nonetheless. What happened in the meantime is even more concerning than what happened then. Click to Enlarge * The weakness from late June has since been renewed, with Tuesday's close of $47.37 being the lowest in weeks. * Tuesday's slide from a reasonably healthy open was also on above-average volume suggesting more would-be sellers are waiting in the wings. * While the late-June low near $47, plotted with a yellow dashed line on the daily chart, the 200-day moving average remains the make-or-break line in the sand. EQT Corporation (EQT)As of the latter half of May, EQT looked like it was in real trouble. A brief encounter with the 200-day moving average line, plotted in white on both stock charts, put the stock into a pretty steep dive.The selloff was halted at what turned out to be a pretty predictable support area though, and the rebound effort started to take shape. It has been choppy, but thanks to Tuesday's gain, the first of a key ceiling has been wiped out of the way. And the nature of the effort is even more compelling than the effort seems to be with just a cursory look. * 7 Retail Stocks to Buy for the Second Half of 2019 Click to Enlarge * The big crossover worth noting from yesterday is the move above the blue 20-day moving average line. * Tuesday's gain was also an outside day, where the open was below Monday's low, and the close was above Monday's high. These drastic intraday swings suggest a major change of heart. * Although progress has been modest since the latter part of June, the 'up' days have been on decidedly stronger volume than the 'down' days. * Zooming out to the weekly chart, all the recent action is put in perspective. EQT is pushing up and off the lower edge of a descending wedge patterns, and any advance could be capped at the upper boundary near $23. PepsiCo (PEP)Finally, PepsiCo shares have been playing with fire for weeks now. Although the 24% gain from January's low was a nice run, it also left PEP shares overbought and ripe for profit-taking.The stock hasn't slipped over the edge of that cliff yet. With yesterday's stumble though, it has become dangerously close to doing so. One more bad day could do the trick, and the backdrop has already turned uncomfortably bearish. Click to Enlarge * It was already struggling to do so, but as of Tuesday, PepsiCo shares are decidedly below the blue 20-day moving average line. * The undertow is made even more bearish in that the volume behind the "down" days since late June has not only been above average, but growing. The Chaikin line's decline on the weekly chart says the same thing. * On the weekly chart, the looming bearish MACD crossunder and the impending Chaikin line cross below the zero level leave PEP just days away from two major sell signals. * The final line in the sand is right around $130.75, where PepsiCo has made lows a couple of times since late last month, and where the purple 50-day moving average line will soon be.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Best Stocks for 2019: A Volatile First Half * 7 Simple Ways for Young Investors to Invest Their First $1,000 * 6 Stocks to Buy Based on Insider Buying The post 3 Big Stock Charts for Wednesday: PepsiCo, EQT and Lennar appeared first on InvestorPlace.
The Twin Cities’ biggest homebuilder returns June 9 to the Corcoran Planning Commission with plans for the latest addition to its Ravinia development.
Lennar Corp. is seeking to build 700 homes on the shuttered Westview Country Club golf course in northwest Miami-Dade County. The Miami-based homebuilding giant (NYSE: LEN) filed a pre-application May 20 for the Westview North project on 88 acres at 2601 N.W. 119th St. It has the property under contract from Rosal Westview. Lennar also has a pending comprehensive development master plan (CDMP) amendment for this site that will require County Commission approval.
We are now about halfway through 2019, and stocks are broadly having their best year in over two decades. Year-to-date, the S&P 500 is up about 18%, marking the biggest first-half return for the index since 1997.After such a record rally through the first half of 2019, investors should naturally have a few questions. Namely, which sectors of the market are driving the market higher? Why? Will these first half 2019 winners turn into second half 2019 winners, too, or will they flop into the end of the year? * 10 Best Stocks to Buy and Hold Forever Let's answer those questions and more by taking a deep look into the market's top 10 sectors of 2019 so far, seeing why those sectors have been so hot and analyzing whether they can stay that way into the end of the year.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Top Market Sectors of 2019: PHLX Housing Index (HGX)Source: Shutterstock YTD Gain: 30.86%Housing stocks have been the hottest stocks in the record 2019 market rally, with a year-to-date gain of 30%.The rationale here is pretty simple. In late 2018, housing stocks were killed on a double headwind of slowing economic expansion and rising rates, which simultaneously meant consumers were less willing and able to buy a home. But, in 2019, the U.S. economy has broadly stabilized, and rates have dropped substantially, meaning consumers are both more willing and able to buy a home now than they were back in late 2018.The result? Consumers are buying homes again, and housing stocks -- which were priced for death in late 2018 -- have come roaring back. Homebuilders D.R. Horton (NYSE:DHI), PulteGroup (NYSE:PHM) and Lennar Group (NYSE:LEN) are all up more than 20% year-to-date, while peer homebuilder LGI Homes (NYSE:LGIH) is up more than 50% year-to-date.Can the big rally in housing stocks continue? Probably. The Federal Reserve is now seriously considering cutting rates, which means mortgage rates will remain lower for longer. The U.S. consumer economy is simultaneously stabilizing, while the labor market remains healthy. That combination ultimately implies healthy housing market conditions going forward, which should support further strength in housing stocks. S&P 500 Information Technology (SRIT)Source: Shutterstock YTD Gain: 27.7%The second best-performing market sector in 2019 has been the S&P 500 information technology sector, with a year-to-date rally in excess of 25%.The story here is pretty simple. Information technology stocks have been all the craze for several years now. Because of that, info tech stocks had run up to sky high valuations in 2018. But, when rates started aggressively rising in late 2018 and economic expansion started fading, that created a double headwind for richly valued info tech stocks. Consequently, while the market dropped 20% in late 2018, info tech stocks dropped further (25%).But, as the economy has stabilized in 2019 and the Fed has stepped to the sidelines, the double headwind which killed info tech stocks in late 2018, has turned into a double tailwind in 2019. Consequently, info tech stocks have rallied in a big way. Year-to-date, some of the biggest winners in this sector have been Xerox (NYSE:XRX), Advanced Micro Devices (NASDAQ:AMD), and Cadence Design Systems (NASDAQ:CDNS), all of whom have registered 60%-plus year-to-date gains. * 10 Defense Stocks to Buy During Rising Geopolitical Tensions Can the red hot rally continue? Probably. Low rates are favorable for longer duration assets, and many of the stocks in the info tech sector are longer duration assets. As such, so long as rates remain low and growth remains good, the info tech sector should push higher. PHLX Semiconductor Index (SOX)Source: Shutterstock YTD Gain: 26.9%Semiconductor stocks are narrowly behind information technology stocks in terms of 2019 performance, which are also up more than 25% year-to-date.The story in the semiconductor world is all about the trade war. In late 2018, semiconductor stocks plunged big as trade tensions escalated and threatened to accelerate an already naturally slowing global semiconductor market.The PHLX Semiconductor Index dropped 25% off its highs in late 2018. Then, in 2019, trade tensions cooled, global growth stabilized, and the outlook for semiconductor demand to improve over the next several quarters gained visibility. As all that happened, semiconductor stocks bounced back in a big way. Some of the headline gainers include Qualcomm (NASDAQ:QCOM), Micron (NASDAQ:MU), NXP Semiconductors (NASDAQ:NXPI) and Texas Instruments (NASDAQ:TXN), all of whom are up more than 20% year-to-date.This rally should persist, but at a more tempered pace. It seems increasingly likely that a trade deal between the U.S. and China will be reached in the foreseeable future. If so, that will further assist a demand recovery in the semiconductor market, which should help propel semiconductor stocks higher. But, demand headwinds remain - the smartphone and PC markets are drying up - and inventories remain elevated.Thus, going forward, you have a mix of headwinds and tailwinds here. Ultimately, that means semi stocks should head higher. But, at a more moderate pace. Nasdaq 100 (IUXX)Source: Shutterstock YTD Gain: 23.9%Large cap tech stocks have led the stock market rally for the past decade. It should be no surprise, then, that large cap tech stocks have similarly been among the hottest stocks in 2019 as the market has rallied to new highs.Year-to-date, the Nasdaq 100 - comprised mostly of large cap tech stocks - is up nearly 21%. AMD and Cadence Design Systems have been among the top gainers in this group. The other top gainers from the Nasdaq 100 include MercadoLibre (NASDAQ:MELI), Synopsys (NASDAQ:SNPS), IDEXX Laboratories (NASDAQ:IDXX), Lululemon (NASDAQ:LULU), and Facebook (NASDAQ:FB). All of those stocks are up more than 45% year-to-date. * 7 Restaurant Stocks to Put on Your Plate Much like info tech stocks, large cap tech stocks are long duration assets boosted by a low rate environment. Thus, so long as rates remain low and economic growth globally remains healthy, large cap tech stocks should continue to outperform. S&P 500 Consumer Discretionary (SRCD)Source: Shutterstock YTD Gain: 22.6%The fifth hottest market sector of 2019 has been the consumer discretionary sector, which is up more than 20% year-to-date on the back of reinvigorated consumer confidence.Consumer confidence and sentiment took a big hit in 2018 as everyone and their best friend were hearing that a big recession was coming. In 2019, though, the U.S. labor market has remained healthy, global economic conditions have improved, and the Fed has stepped in and said they are willing to do what it takes to keep this economic expansion alive. As such, all that recession chatter from late 2018, has died in early 2019, and consumers have once again opened their wallets.The result? A big rally in consumer discretionary stocks. Chipotle Mexican Grill (NYSE:CMG) tops the list of hot 2019 consumer discretionary stocks, with a near 70% year-to-date gain. But, it's not alone. Under Armour (NYSE:UAA), Ulta Beauty (NASDAQ:ULTA), and eBay (NASDAQ:EBAY) are all up more than 40% year-to-date.Can the rally continue? Most likely, yes. In the big picture, pretty much everyone who wants a job, has one, wages are going up, borrowing costs are moving lower, the household savings rate is relatively high, and consumer households aren't that levered. Overall, then, the U.S. consumer looks strong. So long as that remains the case, consumer discretionary stocks should head higher. Nasdaq Composite (NASX)Source: Shutterstock YTD Gain: 22.5%It's not just large cap tech stocks which are in on the 2019 stock market rally. All tech stocks were invited to this party, and the Nasdaq Composite index is up more than 20% year-to-date.The story here is nearly identical to the large cap story. Slowing economic growth and rising rates created a double headwind for these growth-centric, long duration assets in late 2018. But, as growth has stabilized in 2019 and rates have gone lower, that double headwind has turned into a double tailwind. Tech stocks have jumped in response. Among the big gainers are ArQule (NASDAQ:ARQL), Array Biopharma (NASDAQ:ARRY), Ziopharm Oncology (NASDAQ:ZIOP), and Roku (NASDAQ:ROKU), all of whom are up more than 200% year-to-date. * 7 Stocks on Sale the Insiders Are Buying Similar to the rally in large cap tech stocks, the rally in all tech stocks should persist so long as growth conditions remain favorable, the secular pivot into technology consumption remains in play, and rates remain low. S&P 500 Industrials (SRIN)Source: Shutterstock YTD Gain: 20.3%As the economy and market have rebounded in 2019, it should be no surprise that the economically-sensitive industrials sector has similarly rebounded to the tune of a 19% year-to-date gain.As goes the U.S. economy, so go U.S. industrial stocks. That's just how it works when you sell the sort of stuff that big corporations and consumers buy a lot of when the music is playing, and don't buy a lot of when the music stops playing. In late 2018, there was a serious concern that the music of the U.S. economy was going to stop playing soon. Industrial stocks got hit hard. But, in early 2019, the music has picked back up, and as it has, industrial stocks have rebound. The biggest year-to-date gainers in this sector include Copart (NASDAQ:CPRT), Arconic (NYSE:ARNC), Fortune Brands Home & Security (NYSE:FBHS), and Jacobs Engineering (NYSE:JEC).The rally in industrials will likely be more muted going forward. Improving conditions converged on depressed sentiment in the first half of 2019 to spark a big near 20% rally across the sector. But, those conditions will likely stabilize now, not improve, while sentiment is no longer depressed. Thus, going forward, you have stable growth and normal sentiment. That combination should work. But, not as well as the combination of depressed sentiment and improving growth. S&P 500 Growth (IGX)Source: Shutterstock YTD Gain: 22.2%The growth trade has come back to life in 2019 thanks to lower rates and stabilizing global economic conditions, and this dynamic has powered a near 19% year-to-date gain in the S&P 500 growth sector.Leading the charge are the big name tech stocks, like Facebook, Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG), Netflix (NASDAQ:NFLX), Visa (NYSE:V), and Mastercard (NYSE:MA). All of those stocks have recorded big year-to-date gains because low rates have supported their rich valuations, while stabilizing economic trends have supported their secular growth trajectories. * 7 One-Stock Portfolios for Passive Investors This dynamic will persist for the foreseeable future. Big name growth stocks will continue to outperform so long as rates remain low and growth remains good. Right now, the outlook is for the Fed to cut rates, and for global GDP growth to run in the 2-3% range for the next several years. That combination will ultimately produce strong returns in growth stocks. S&P 500 Real Estate (SRRE)Source: Shutterstock YTD Gain: 18.2%Similar to the housing sector, the real estate sector has been on a tear in 2019 thanks to falling interest rates supporting more favorable buying conditions across the entire housing market.The only difference here is that the real estate sector is broader than the housing sector. The housing sector focuses more on homebuilders, whereas the real estate sector is broader and comprises any and all stocks that have a connection to the real estate world. Naturally, the broader constituency base has diluted the real estate sector's return profile relative to the housing sector's return profile in 2019.Still, the S&P 500 real estate sector is up more than 18% year-to-date. That's a big gain. Can it continue? Yes. Much like housing stocks, there are two things at play here: the U.S. economy, and rates. Both of those factors are moving in a favorable direction for the real estate market. So long as they continue to do so, real estate stocks should continue to move higher. S&P 500 Communication Services (SRTS)Source: Shutterstock YTD Gain: 19.9%Last on this list of the market's top 10 sectors of 2019 is the S&P 500 communication services sector, with a year-to-date gain narrowly above 17%.Communication services stocks are essentially just tech stocks, with a communication angle. For example, Facebook, Netflix, Twitter (NYSE:TWTR), Disney (NYSE:DIS), and Electronic Arts (NASDAQ:EA) are all in the communication services space, and those are basically just tech stocks with a communication angle. These stocks have been in rally mode in 2019 mostly because low interest rates have supported their rich valuations, while steady economic growth has supported their robust growth trajectories. * 7 Penny Marijuana Stocks That Are NOT Cheap Stocks Broadly, so long as interest rates remain low, the global economy remains stable, and consumers continue to pivot towards internet-based consumption, communication services stocks like Facebook, Netflix, Twitter, Twitter, and Electronic Arts should stay in rally mode.As of this writing, Luke Lango was long LGIH, QCOM, LULU, FB, EBAY, ROKU, AMZN, GOOG, NFLX, V, TWTR, DIS and EA. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Best Stocks to Buy and Hold Forever * 10 Small-Cap Stocks That Look Like Bargains * 10 Names That Are Screaming Stocks to Buy The post The Top 10 Best Sectors in the Market for 2019 appeared first on InvestorPlace.
Two large U.S. home builders reported earnings this week and both said they see signs of health in the housing market, in part because production has been so lean.
Home-contract signings were higher than expected in May, which is good news for future existing-home sales reports, but there’s still ground to be made up.
Lennar Corporation (NYSE: LEN ) stock remains attractive in the long term, sell-side analysts said Wednesday after investors sent the share price on a post-earnings roller-coaster ride. The homebuilder ...
KB Home earnings beat Q2 views late Wednesday after homebuilders sold off Tuesday on Lennar earnings guidance. KB Home stock rose late.
A growing number of large U.S. companies are expressing concerns over falling profit margins and that could spell trouble for stock-market valuations.
Profits reports are beginning to paint a troubling picture for much of corporate America, especially for multinational companies with exposure to China.
Shares of Lennar Corp. slide on weak third quarter outlook Tuesday after first rallying on big earnings and revenue beats..