|Bid||44.35 x 800|
|Ask||0.00 x 3200|
|Day's Range||48.44 - 49.21|
|52 Week Range||37.29 - 64.90|
|Beta (3Y Monthly)||1.38|
|PE Ratio (TTM)||8.99|
|Earnings Date||Apr 2, 2019 - Apr 8, 2019|
|Forward Dividend & Yield||0.16 (0.33%)|
|1y Target Est||56.71|
CHICAGO, Feb. 14, 2019 /PRNewswire/ -- LMC, a leader in apartment development and management, today announced the addition of fitness studio Shadowbox to the retail landscape at Marlowe, a luxury mixed-use apartment community in the vibrant River North neighborhood. "We believe Shadowbox will be a fantastic addition to Marlowe and will help promote a healthy, active lifestyle," said Doug Bober, division president of the Central and Midwest for LMC. "The addition of such a unique brand of fitness will complement what we believe is perhaps the most alluring community in one Chicago's finest neighborhoods." LMC was represented by brokers Elan Rasansky and Anthony Campagni, principals of ARC Real Estate Group.
IPG Photonics is the latest company to miss expectations yet see its stock rise. It suggests value could be found among other optical equipment makers.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! The most recent earnings announcement Lennar Corporation'sRead More...
The bulls came back to the table in a big way on Tuesday, slightly more convinced there's less risk of another government shutdown, and slightly more convinced the tariff war will eventually come to a close. All told, the S&P 500 gained 1.29% on Tuesday, though it still hasn't hurdled some key technical resistance.It wasn't terribly familiar names leading the charge though. Apple (NASDAQ:AAPL) was a relative no-show, and General Electric (NYSE:GE) stumbled again.Setting the tone, and the pace, were names like Vale (NYSE:VALE) and Activision Blizzard (NASDAQ:ATVI). Vale jumped 5.6%, snapping back from a pretty severe beatdown following news that a dam break in Brazil could crimp output as well as turn into a massive legal liability. Activision, meanwhile, only bounced on Tuesday after being trounced on Monday in front of Tuesday's post-close earnings report. As it turns out, the doubters were right to be concerned.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe disparity between the daily winners and the daily losers seems to be widening, in some ways helping identify where the strength and weakness is, but in other ways imposing dangerous volatility. The stock charts of Under Armour (NYSE:UAA), Lennar (NYSE:LEN) and Qualcomm (NASDAQ:QCOM) appear to be developing trends that circumvent that volatility, though in all three cases a little more needs to happen before a budding trend is gelled. Qualcomm (QCOM)Qualcomm shares have made a little forward progress so far in February. But, given its pullback in January in an environment that was decidedly bullish for most other stocks, it would be easy to think nothing of it. * Buy These 5 Stocks to Play the Megatrend of the Century There may be more at work than seems on the surface, though. Last month's low was suspiciously familiar. Click to Enlarge • It's only evident on the weekly chart, but the January low around $49 so far looks to be a triple bottom, marked with a yellow dashed line. Qualcomm found a floor there twice before, going back to 2017.• If this rebound effort takes hold -- and that's a big "if" -- keep a close eye on all the moving average lines plotted on the daily chart. Each has played a support and resistance role at some point in recent months, and will likely do so again. Lennar (LEN)Last year was a miserable one for Lennar shareholders. Against a backdrop of fears that rising interest rates would up-end the housing construction market (to the extent unaffordable housing wouldn't), LEN shares fell from a January 2018 peak of $72 to a December low of $37. To that end, any strength seen from then could be easily chalked up as a dead-cat bounce.The reversal since late last year, however, just took on a completely different complexion. Though more up-and-down movement is certainly in store, LEN just broke above a key technical ceiling that could -- and should -- trigger higher highs. Click to Enlarge • The line in the sand is the 200-day moving average, plotted in white on both stock charts. The rally effort was quelled there a couple of weeks ago, but the second effort on Tuesday got the job done.• Underscoring yesterday's compelling move is the volume behind it, and the fact that it was prompted by a push up and off the blue 20-day moving average line.• While it's the less likely outcome from here, there's a chance Lennar shares could complete the head-and-shoulders pattern evident on the weekly chart. A break above the neckline, plotted with a yellow dashed line, could inspire a meltup. Under Armour (UAA)Traders have seen big one-day jumps from Under Armour shares before, most of them to no avail. That is, though firmly bullish, those jolts didn't jump-start prolonged rallies.Yesterday's jolt is built a bit differently, however. The near-7% gain overcome a rough start to form a couple of different bullish signals, all in one shot. Click to Enlarge • One of those bullish clues is Tuesday's engulfing action, where the open and close were below and above, respectively, the prior day's high and low. That sweeping intraday change of heart points to the sentiment surrounding the stock.• The shape and placement of the bar is also noteworthy. The bears had a chance to put UAA into a nosedive at the opening following its solid fourth-quarter report, but the buyers pushed back harder.• While a new rally may be underway, the $24.60 area has already been established as a ceiling. That's where Under Armour shares peaked a couple of different times last year.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks That Every 20-Year-Old Should Buy * 10 Best Dividend Stocks to Buy for the Next 10 Months * 10 Monster Growth Stocks to Buy for 2019 and Beyond Compare Brokers The post 3 Big Stock Charts for Wednesday: Qualcomm, Under Armour and Lennar appeared first on InvestorPlace.
Dan Loeb's Third Point Had a Weak 2018: Will 2019 Be Any Better?(Continued from Prior Part)Third Point cuts tech exposure In its third-quarter letter to investors, Third Point said that it reduced its “tech exposure meaningfully.” It is probably
Lennar Corporation, the home-building giant, is also coming in as an investor,as are previous backers NEA, Collaborative Fund, Ground Up and Zhenfund, aswell as other unnamed investors
Cory Johnson, the journalist-turned-chief market strategist, is out at Ripple. Mr. Johnson, a former on-air personality at Bloomberg News and CNBC, is no longer with the blockchain-based global payments company. Delivery wars: Food-delivery startup DoorDash Inc. is arming itself with new funding as two of its rivals prepare for IPOs.
Lennar (LEN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Lennar Corp NYSE:LEN.BView full report here! Summary * Perception of the company's creditworthiness is neutral but improving * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for LEN.B with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting LEN.B. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding LEN.B totaled $15.53 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator with a strengthening bias over the past 1-month. LEN.B credit default swap spreads are decreasing, indicating some improvement in the market's perception of the company's credit worthiness. Additionally, they are within the middle of the range set over the last three years.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
The region’s single most prolific homebuilder has purchased another round of lots in Elk Grove and Roseville, totaling over $15 million.
To receive further updates on this Lennar Corporation (NYSE:LEN) trade as well as an alert when it's time to take profits, sign up for a risk-free trial of Power Options Weekly today. This morning I'm recommending a bullish trade on Lennar Corporation (NYSE:LEN), a homebuilding company that also provides real estate financial services. After recovering in January, I think LEN could break out to the upside. Though the housing market still shows some weakness, we are seeing bullish signs in the near term, and I would like to take advantage. InvestorPlace - Stock Market News, Stock Advice & Trading Tips ### November New Home Sales The U.S. Census Bureau released monthly statistics for November's new home sales last week. Sales of new homes came in at a seasonally adjusted annual rate of 657,000, beating the revised October rate by nearly 17%. These numbers are for before December's selloff and before the government shutdown, but they are still a positive sign for the market. And the sector is doing better going into February. The SPDR S&P Homebuilders ETF (NYSEARCA:XHB), which tracks the homebuilding sector, has recovered 19% from its lows in December. These new sales numbers could help push the sector even higher in the near term. ### Breaking Above November's Resistance If we look at a daily chart for LEN, we see that it has found support at just under the $44 level. After the selloff in October, the stock had trouble breaking above $44, but as is often the case, old resistance has turned into new support. Daily Chart of Lennar Corporation (LEN) -- Chart Source: TradingView LEN is trading between its 50- and 200-day moving averages, and the good news for the housing sector could push the stock higher. If it does break out, its next resistance level will be around $50, so it will likely head higher before coming back down to retest its new support. For that reason, I've picked a bullish call option this morning. Buy to open the Lennar Corporation (LEN) May 17th $52.50 Calls (LEN190517C00052500) at $1.45 or lower. Follow our Facebook page to receive each Trade of the Day direct to your News Feed -- and join the conversation. InvestorPlace advisor Ken Trester brings you Power Options Weekly, which delivers 5 new options trades and his latest trading advice to you each Friday. Trester has been trading options since the first exchanges opened in 1973 with a winning streak that goes back to 1984 with money-doubling average annual profits since 1990. Compare Brokers The post LEN Found Support at $44 and Could Break Out in February appeared first on InvestorPlace.
The investigation concerns whether Lennar and certain of its officers and/or directors have breached fiduciary duties owed to the company and its investors. If you are a shareholder of Lennar and are interested in obtaining additional information regarding this investigation, you are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions.
If you're looking for stocks to buy, you can start by considering some of those S&P 500 stocks that have already reported their Q4 2018 results. According to the Jan. 23 Institutional Brokers Estimate System data from Refinitiv, 76 S&P 500 companies have already reported their fourth-quarter results with another 424 still left to do so. Of the 76 reporting, almost 78% delivered earnings above analyst expectations, 12 percentage points higher than the long-term average. On the revenue side of the ball, almost 61% of those who've already reported beat analyst expectations, about the same as the long-term average. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Overall, once all of the S&P 500 companies have reported, earnings are expected to grow by 14.2% over last year's fourth quarter with revenues expected to increase by 5.6%. * 7 Stocks With Too Much Riding On China The big winners from a sector perspective are consumer discretionary, industrials, and financials. However, it's important to remind readers that of the 76 who've already reported, financials account for 38% of the total. As Chris Cuomo of CNN fame would say, "Let's get after it." Source: Shutterstock ### Lennar (LEN) Lennar (NYSE:LEN), one of America's largest and best-known homebuilders, reported its fourth-quarter results Jan. 9. Analysts were expecting $1.93 a share. It delivered $2.42, 25.4% higher than the consensus and 87.6% higher than a year earlier. If you exclude the 58-cent profit from the sale of its Rialto asset management platform, though, the beat was more like 1.6%. Now, I'm aware that 1.6% is hardly tearing up earnings. However, the sale of Rialto makes Lennar a more focused company, and that should mean further profit and revenue growth in the future. That's a big reason why I made Lennar one of "7 Downtrodden Stocks to Fish From the Bottom" in early January. At the time, I wrote that Lennar's chairman, Stuart Miller, was very confident about the company's growth in 2019. Looking at both the company's home growth year over year -- 14,154 homes in Q4 2018 vs. 8,633 in Q4 2017 -- and increase in average sale price -- $421,000 in Q4 2018 vs. $388,000 in Q4 2018 -- I, too, am confident that Lennar's got the goods in 2019. Trading at just eight times forward 2019 earnings, it's about to become a favorite of investors in the know. Source: Andy Via Flickr ### VF (VFC) VF (NYSE:VFC) didn't have a good 2018 in the markets, generating a total return of -1%. On the bright side, it was still better than the S&P 500, which was 334 basis points worse in 2018. The company is best known for Vans sneakers and The North Face outdoor clothing. It delivered Q3 2019 earnings on Jan. 18. Analysts were expecting $1.10 a share. It delivered $1.31, 19.1% higher than the consensus and 31% higher (excluding currency) than a year earlier. Vans remain the company's best producer. In the third quarter, Vans saw sales increase by 27% on a global basis with especially strong numbers in Asia and the Americas. The company, which is in the middle of a five-year strategic growth plan, will spin off its Wrangler and Lee denim business in 2019 into an independent publicly traded company to be called Kontoor Brands. * 10 Stocks to Sell in February The move allows its slower-growth denim business to do what it needs to do to increase its growth rate while leaving VF to focus on its leading brands such as Vans. Expect a significant acquisition from VF in 2019. Don't expect it to be Skechers (NYSE:SKX) though. Source: Shutterstock ### Starbucks (SBUX) Former Starbucks (NASDAQ:SBUX) CEO Howard Schultz is considering running for president in 2020 as an independent. Democrats might not like it, but he's precisely the type of person the country needs at the moment. I have no idea if he could win, but it would be fun to watch. The company announced its Q1 2019 results Jan. 24 and they were a lot better than some experts were expecting. On the bottom line, analysts were estimating earnings of 65 cents; they came in 10 cents higher at 75 cents. Compared to last year's Q1, they were 15% higher. What stood out for me in the quarter was the 14% year-over-year increase in U.S. Starbucks Rewards memberships to 16.3 million people. That means approximately 5% of the U.S. population has one. Not bad for a company supposedly on the decline. Also, a big positive was the fact its same-store sales in the Americas increased by 4% in the quarter, double what they were a year earlier. The biggest downside in the quarter might have been operating margins, which were lower in all of its regions, but they're still very healthy (22% in the Americas, 18% in China, and 10% in EMEA). Starbucks remains one of my favorite consumer-facing stocks. Source: Shutterstock ### United Technologies (UTX) It has been a couple of months since United Technologies (NYSE:UTX) announced that it would break itself up into three separate companies: United Technologies, which would house its aerospace business; a second company called Otis to own its elevator and escalator business; and a third company to be called Carrier, which will own its HVAC and fire safety businesses. The conglomerate is dead … at least in the U.S. Elsewhere, it's still a very popular investment vehicle. United Technologies announced its Q4 2018 earnings Jan. 23 and they were better than expected. Analysts were looking for $1.55; they came in 26% higher at $1.95 a share due to strong demand for aircraft parts, "We are seeing really solid trends in aerospace across the board, with continued (airline traffic) growth and production increases at both Boeing and Airbus," CEO Greg Hayes said on earnings conference call. * 7 High-Dividend Stocks Yielding More Than 5% (Plus a Bonus) Investors didn't like the plan to break itself up, which is a big part why its stock is down since the announcement. These earnings are likely to shove that skepticism aside. This is one spinoff play I'd seriously consider. Source: cloakedghost via Flickr ### J.B. Hunt (JBHT) It seems like almost every earnings beat in Q4 2018 has come with an asterisk or a question mark. J.B. Hunt (NASDAQ:JBHT) is no exception. The trucking company reported its fourth-quarter results Jan. 18. It beat on both the top and bottom line. Revenues were $2.32 billion, $20 million higher than the consensus estimate of $2.3 billion. On the earnings front, analysts were expecting $1.48 a share; JB Hunt delivered $1.78, 20% higher than the consensus estimate. Naturally, its stock jumped on the news. However, not everything about the transport company's results was a home run. "Digging a bit deeper, intermodal pricing was a clear standout (and we surmise key to JBI's 210 basis points year-over-year margin boost) as management was able to clinch outsized contractual renewals owed to an extremely tight truck market in 2018," Raymond James analyst Patrick Tyler Brown wrote in a note to clients. "This said, volumes were a tad disappointing as load growth turned negative." It might not have been a perfect report, but from an earnings perspective, JB Hunt did plenty. Source: Shutterstock ### Boeing (BA) Following on the success of United Technologies, Boeing (NYSE:BA) reported tremendous results in the fourth quarter, helping the company go over $100 billion in annual revenue for the first time in its history. On the bottom line, Boeing delivered adjusted earnings of $5.48 a share, 91 cents or 20% higher than analyst expectations. On the top line, it had sales of $28.3 billion, $1 billion higher than the consensus estimate. If you like healthy margins, Boeing increased its operating margins in the fourth quarter by 400 basis points to 15.6%. Other nice tidbits include adding 262 net orders in the quarter with a backlog of $412 billion at the end of December. "The story is in place and they have the cash to deploy as well," Jefferies analyst Sheila Kahyaoglu said on CNBC Jan. 30. "We view any pullback as an opportunity on the stock." * 7 Stocks That Could Double in 2019 I couldn't agree more. I'd say Boeing's latest earnings report is the most well-rounded of the seven stocks on my list. Source: Shutterstock ### Advanced Micro Devices (AMD) Advanced Micro Devices (NASDAQ:AMD) CEO Linda Su continues to make a believer out of me. The company reported its Q4 2018 results on Jan. 30. While revenues were less than expected at $1.42 billion, $20 million less than analyst estimate, earnings were 8 cents a share, in line with the consensus estimate. Why did the stock jump 20% on the news? Su's words had a lot to do with it. "In 2018 we delivered our second straight year of significant revenue growth, market share gains, expanded gross margin and improved profitability based on our high-performance products," Su said in a statement. "Despite near-term graphics headwinds, 2019 is shaping up to be another exciting year driven by the launch of our broadest and most competitive product portfolio ever." In 2017, I was one of the company's biggest bears, suggesting Nvidia (NASDAQ:NVDA) was a much better buy. Now that Nvidia's sputtering, I'm rethinking my position. If it can deliver on its guidance for 2019 of high-single-digit growth rates, it could challenge $40 by the end of the year. As of this writing, Will Ashworth did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Machine-Learning Stocks to Buy for a Smarter Portfolio * 10 Stocks to Sell in February * 10 Triple-A Stocks to Buy in February Compare Brokers The post 7 S&P 500 Stocks to Buy That Tore Up Earnings appeared first on InvestorPlace.
Improved operating efficiency aids PulteGroup (PHM) to post higher earnings and revenues. However, decline in orders owing to softness in homebuying demand is a pressing concern.
NASHVILLE, Tenn., Jan. 29, 2019 /PRNewswire/ -- LMC, a leader in apartment development and operations, today announced the retail addition of HOTWORX to The Morris, a luxury mixed-use apartment community located along Music Row in Tennessee's capital city. HOTWORX, a virtually instructed exercise program created for users to experience the benefits of infrared heat absorption, will open in the spring. The Morris, situated at the site of country music icon Dale Morris' former office, is aiming to add another retailer to its 4,350-square-foot corner space with an outdoor patio.
Lennar Corp (NYSE:LEN.B) files its latest 10-K with SEC for the fiscal year ended on November 30, 2018.
Yahoo Finance’s Adam Shapiro and Julie Hyman join Redfin Chief Economist Daryl Fairweather to discuss the potential impact of the government shutdown on the real estate market.