|Bid||51.56 x 1000|
|Ask||51.93 x 800|
|Day's Range||50.95 - 52.13|
|52 Week Range||37.29 - 55.77|
|Beta (3Y Monthly)||1.21|
|PE Ratio (TTM)||9.39|
|Earnings Date||Jun 25, 2019|
|Forward Dividend & Yield||0.16 (0.31%)|
|1y Target Est||58.00|
Here's what investors should look for FedEx's, Micron's, Lennar's earnings reports, according to Jim Cramer's Action Alerts PLUS' team.
During Friday's Mad Money program, Jim Cramer looked ahead to this week. For Tuesday he noted that we'll get earnings from Lennar Corp. In this daily bar chart of LEN, below, we can note some interesting developments.
Earnings reports also from Walgreens and Nike, and economic data on consumer confidence, GDP, and more. And the G-20 meeting will cap off the week.
D.R. Horton stock is basing above the 50-day line, while LGI Homes, NVR, KB Homes and Lennar also trading around that key level as Fed hints at a rate cut.
Investing.com - Market watchers will be looking ahead to a meeting between U.S. President Donald Trump and China's President Xi Jinping this week amid hopes for a thaw in trade relations, even if it alters expectations for Federal Reserve rate cuts.
Hedge funds are known to underperform the bull markets but that's not because they are terrible at stock picking. Hedge funds underperform because their net exposure in only 40-70% and they charge exorbitant fees. No one knows what the future holds and how market participants will react to the bountiful news that floods in each […]
While dynamic pricing model & robust backlog are likely to aid Lennar's (LEN) fiscal Q2 results, higher construction cost, reasonably low demand & lower value of other land assets are risks.
Miami-based Lennar Corp. (NYSE: LEN) has opened Chapel Heights, its fifth in-town Urban Life community near the Garden Oaks-Oak Forest area. The gated community features 18 two-story homes, many of which are move-in ready or near completion, according to a press release.
Editor's note: This article is a part of InvestorPlace.com's Best ETFs for 2019 contest. Vince Martin's pick for the contest is the iShares U.S. Home Construction ETF (BATS:ITB).Heading into 2019, the case for the iShares U.S. Home Construction ETF (BATS:ITB) was reasonably simple. Pretty much anything housing-related had been sold off big in 2018. In fact, ITB stock fell some 31% for the year. Yet the economy still seemed strong. Broad markets, even with a rough Q4, were in decent shape. Economically sensitive housing-related stocks were plunging despite the news simply being not that bad.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat divergence was why I named ITB as my pick for the Best ETFs of 2019 contest. So far, it has been a solid choice, with the ITB ETF gaining 29% year-to-date against a 17% rise in the S&P 500. Homebuilder stocks have risen, as have most of the industry's retailers and many of its suppliers.But at this point, the case for ITB gets a little thinner. After the first quarter, the fund had returned 16%, but that was only modestly better than low double-digit gains in most broad market indices. And so I made the case in late March that ITB still had some catching up to do.Three months later, ITB hasn't completely caught up. Since the beginning of 2018, the fund remains negative against an ~10% gain for the S&P 500. But the gap certainly has closed. As such, this ETF will need some outside help if it's going to keep rising. * 10 'Buy-and-Hold' Stocks to Own Forever The Case Against ITB as One of the Best ETFsUp 29% YTD, it certainly seems like the easy money has been made here. That seems particularly true looking at the fund's key holdings: 27% of assets are in the country's two largest homebuilders, D.R. Horton (NYSE:DHI) and Lennar (NYSE:LEN).Both stocks have rallied sharply this year (+29% for DHI, +33% for LEN), driving a good chunk of the fund's gains. Another 40% of the fund owns smaller homebuilders -- most of which have followed similar patterns. Most of the group is below their highs, but many have at least returned to 2018 trading levels.Home Depot (NYSE:HD) has gained nicely, and is threatening a new all-time high. Lowe's (NYSE:LOW) has underperformed, but is still positive. In December, ITB was a case of buying a group of stocks at or near the lows. That's not the argument anymore.Now, ITB needs at least a few components to break out from the highs -- and not just rebound off the lows. That might be tough. Tariffs are pressuring margins in the space. Trade war concerns are affecting the macroeconomic outlook. There's still a belief that a downturn in the U.S. has to be on the way at some point, as we head into year eleven of the economic expansion. Homebuilder stocks, in particular, likely would take a big hit.At this point, risks are rising and valuations aren't as cheap. That's a combination that suggests, at the least, that ITB's appreciation is going to slow in the second half. The Case for the iShares U.S. Home Construction ETFFor market and macro bulls, however, ITB still looks like a solid pick. The ETF remains about 15% below early 2018 highs. With some help from lower interest rates, which would lower mortgage costs, and economic strength, it could re-take those highs, suggesting another 20% or so in upside.From a longer-term standpoint, the ETF still sits below where it traded back in 2006. ITB started trading on May 1st of that year. The housing crisis followed, and in less than three years, 85% of its value had been wiped out. It has been a long climb back from those lows, but if the economy cooperates, that climb can continue. * 7 Blue-Chip Stocks to Buy for a Noisy Market That's the key point, though: if the economy cooperates. To even consider ITB at this point, an investor truly has to trust both the economy and the broad market. If trade war concerns ease and/or if strong U.S. job and macro growth continues, ITB will keep rising. And, in that scenario, the ETF likely will outperform broad markets in the second half, just as it did in the first.But this is a different argument than it was six months ago. Then, the ETF looked like it was pricing in an almost-certain recession. That's just not the case anymore. For macro bulls, the ITB ETF is a way to get leveraged upside on more good economic news ahead. But it's not as cheap, or attractive, as it was six months ago.As of this writing, Vince Martin did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Blue-Chip Stocks to Buy for a Noisy Market * 5 Strong Buy Biotech Stocks for the Second Half * 6 Stocks Ready to Bounce on a Trade Deal Compare Brokers The post Best ETFs for 2019: iShares U.S. Home Construction ETF Still Has a Chance appeared first on InvestorPlace.
Sell D.R. Horton, KB Home, Lennar, PulteGroup and Toll Brothers as these stocks are in bull market territory in a stalled housing market.
Just a few days after one group of analysts cut their view of builder stocks, Raymond James’ Buck Horne turned bearish on housing, the economy, and a group of stocks that are up astronomically this year.
Raymond James says that two of 2019’s better-performing home builders might have run out of room to run but one competitor still looks promising.
Lennar (LEN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Housing market index falls two points from the prior month in June. Nonetheless, homebuilders remain confident about the upcoming period, given higher demand.
Benzinga has examined prospects for many investor favorite stocks over the past week. Bullish calls included a company riding low interest rates and a strong homebuilding trend, and a semiconductor stock bucking an otherwise rough trend for the industry. Bearish calls included a restaurant where you can play Skeeball, and negative bet on a couple casino stocks.
As low mortgage rates bolster demand and the economy remains supportive, homebuilder stocks are now the preferred proxy for housing market demand for analysts at Wedbush, according to a note published Thursday.
Wedbush downgraded homebuilding company Lennar Corporation (NYSE: LEN ) in February, but the research firm sees multiple reasons why a bullish stance can be warranted again. The Analyst Wedbush's Jay McCanless ...
were rising Thursday after shares of the homebuilder were upgraded to outperform from neutral at Wedbush. Analyst Jay McCanless also raised his price target on Lennar to $62 from $50. The analyst sees improving sales and said Lennar should benefit from lower interest rates and continued demand for affordable housing in western markets.
Lennar Corp. subsidiary LMC raised $1.3 billion to launch its second multifamily investment fund. While the Miami-based company (NYSE: LEN) is best known as the nation’s largest homebuilder, it has been expanding in the apartment rental business as well. Its first fund has invested in 54 apartment complexes with a value of $6.3 billion, with another $2.7 billion in the development pipeline.