|Bid||60.18 x 800|
|Ask||63.88 x 900|
|Day's Range||61.11 - 61.24|
|52 Week Range||37.29 - 61.75|
|Beta (3Y Monthly)||0.97|
|PE Ratio (TTM)||10.11|
|Forward Dividend & Yield||0.16 (0.26%)|
|1y Target Est||N/A|
A Miami-based homebuilding giant is looking to bring over 800 homes to a Triangle community, with plans calling for a mix of single-family homes and townhomes across a 300-acre property. Triangle civil engineering firm McAdams filed plans for its client -- national homebuilder Lennar -- for a proposed residential development dubbed Edge of Auburn for the area east of Interstate 40 and U.S. Highway 70 Business south of Raleigh. The Edge of Auburn will be built in five phases.
Work will soon begin on a 400-acre mixed-use development in the Triangle, with plans calling for over a million square feet of commercial space.
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With the first-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the second quarter. One of these stocks was Lennar Corporation (NYSE:LEN). Lennar Corporation (NYSE:LEN) has seen a decrease […]
RBC Capital Markets analyst Mike Dahl upgraded TRI Pointe Group and BMC Stock Holdings to Outperform from Sector Perform. The move is part of his overall increase of home builder earnings estimates.
A stealthy Redwood City startup founded by former Apple employees and backed by Walmart of Lennar on Tuesday introduced a home lock controlled by iPhones or Apple Watches.
Homebuilding stocks leapt to higher ground in the third quarter, underpinned by the rapid collapse in bond yields. Lower mortgage rates have made buying first homes more affordable for the millennial generation, who have had prior applications denied by risk-averse lenders.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Another poor economic report sent equities spiraling in Thursday morning trade. However, stocks rebounded from the morning lows, giving investors confidence a bounce may ensue. Let's look at a few top stock trades. Top Stock Trades for Tomorrow 1: AppleShares of Apple (NASDAQ:AAPL) failed to breakout over the $226 area, but are holding up well given the overall temperature of the market. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 8 Stocks to Buy Offering Both Dividends and Growth On a pullback, I was hoping to see the $215 level. Apple traded down to $215.13 on the day, before ricocheting higher back over $220. That's just what the doctor ordered!The $215 level and 50-day moving average are important for the bulls to maintain. Below opens up Apple to further selling pressure and technical damage. From here, let's see if AAPL can maintain above the 20-day moving average. If it can, another test of $226 could be in the cards. Top Stock Trades for Tomorrow 2: JPMorganJPMorgan (NYSE:JPM) broke out to new highs last month, but has been struggling to maintain altitude. Unfortunately, the stock couldn't hold up over prior resistance near $115, nor the 78.6% retracement and 20-day moving average. However, after briefly breaking below the 50-day moving average, shares were able to recover. Let's see how the bank does going forward. Does it bounce and rally up to the 78.6% retracement and 20-day moving average? Or do shares continue lower to the 61.8% near $109? I would love a deeper correction down to the $106 area and 200-day moving average for a longer-term buy. Top Stock Trades for Tomorrow 3: SnapSnap (NYSE:SNAP) remains as volatile as ever. A September breakout reversed itself, temporarily plunging the stock in just a few days. Then in just eight sessions, shares went from almost making new highs, to falling more than 20% from peak to trough. Man, this is a tough one to pin down. However, with Thursday's reversal off the lows, bulls may consider a long position with a stop-loss either at the day's low or at the 61.8% retracement, depending on how aggressive they want to be. Holding above $14 is a good sign, and should Snap hurdle prior downtrend resistance (blue line), then a move back to the 78.6% retracement is possible. Top Stock Trades for Tomorrow 4: ProofpointOn Wednesday, we talked about the impressive relative strength in Lennar (NYSE:LEN). But another stock showing relative strength is Proofpoint (NASDAQ:PFPT). Relative strength is important because not only are these stocks holding up the best in a tough tape, but they are often the ones that do the best when the overall market comes back to life. Notice how this one has been trading sideways between $130 resistance and $122/the 50-day moving average. A break over this range can send PFPT to the recent highs at $133, while a rally above can gain momentum as a possible breakout. Top Stock Trades for Tomorrow 5: S&P 500The iShares Russell 2000 ETF (NYSEARCA:IWM) bounced right where InvestorPlace readers where looking for and the SPDR S&P 500 ETF (NYSEARCA:SPY) posted a strong bounce on Thursday from an unsurprising location. The stock held uptrend support from August (blue line) and the 78.6% retracement. We flagged this spot on Twitter in the prior session. While some reprieve from the selling is welcomed by the bulls, a further decline down to the 200-day moving average and August lows would have been more enticing for a stronger reversal. Failure to get there now only leaves it as a possibility for a later date. It doesn't mean we have to test this level, but it would have been healthier price action in my view. * 7 Important IPO Stocks to Watch for the Long Run From here, let's see if the SPY can reclaim the 50-day moving average and prior resistance from August. If it can't, another test of uptrend support is in the cards. Over the 50-day puts the Fed-day low in the cards. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AAPL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Important IPO Stocks to Watch for the Long Run * 7 High Volatility Stocks to Buy as the Market Rebounds * 7 Dow Jones Industrial Average Stocks to Sell The post 5 Top Stock Trades for Friday: AAPL, JPM, SNAP appeared first on InvestorPlace.
Sell-side analysts remained bullish on Lennar Corporation (NYSE: LEN ) after the homebuilder beat estimates in the third quarter, and sent signals that homebuyers aren't yet worried about a downturn. Lennar ...
As home prices continue to skyrocket in major cities, people are looking for alternative ways to invest in real estate, the tech company Roofstock is looking to solve that problem. It lets investors invest in single-family rental properties across the country online. Patrick Sisson, Curbed senior reporter, joins Yahoo Finance's On The Move to break down what's behind the trend.