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Resale Inventory Drought And Millennial Demographics: Lennar Poised For Multi-Year Benefits, Says Analyst
Friday, June 16, 2023 - 2:39pm | 450JMP Securities analyst Aaron Hecht reiterated a Market Outperform rating on the shares of Lennar Corp (NYSE: LEN) and raised the price target from $115 to $135. The company's 2Q23 normalized EPS of $2.94 beat the analyst consensus, and the revenue of $8.04...
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Is Tyler Perry The New Owner of BET, VH1? Inside The Rumors
Thursday, June 15, 2023 - 2:18pm | 987Reports have surfaced that world-renowned producer, director, actor, screenwriter and entrepreneur Tyler Perry has finalized a deal to purchase BET and VH1 from Paramount Global (NASDAQ: PARA) (NASDAQ: PARAA). Amid unconfirmed reports, let's delve into the most recent news and...
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Stitch Fix's Appointment Of Former Macy's Exec Expected To Boost Digital Growth, Analyst Predicts
Thursday, June 15, 2023 - 1:18pm | 472Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating on Stitch Fix, Inc. (NASDAQ: SFIX) with a price target of $5. Stitch Fix recently appointed Matt Baer as its Chief Executive Officer and a member of the Board of Directors, effective...
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Fed Hits Pause And So Does Wall Street As Stocks Edge Lower Amid Rising Rates, Dollar
Thursday, June 15, 2023 - 11:25am | 2219(Thursday market open) The relentless rally took a breather this morning following the Federal Reserve’s “hawkish pause.” Treasury yields rose, putting pressure on the red-hot info tech sector in premarket trading. The main takeaway from Wednesday’s Federal Open...
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Don't Call It A "Skip"
Thursday, June 15, 2023 - 9:59am | 1859Jerome Powell said the FED’s forecasts have been wrong on inflation the last 2 years. Now he’s saying rate cuts aren’t going to happen for another couple years. Can we really depend on these projections anymore? Market Prices as of 4 pm EST, 6/14/23 Macro Mortgage demand picked...
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As Peloton Shares Fall Over 90%, A Comeback Strategy Surges
Wednesday, June 14, 2023 - 5:05pm | 865Shares of Peloton Interactive (NASDAQ: PTON) reached their all-time high prices of $170.09 per share in January 2021; after a whole two years of facing challenging economic environments and a stern test to their value proposition, the stock is selling for below $10 to mark a 95%...
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Why Lennar Stock Is Moving Higher After Hours
Wednesday, June 14, 2023 - 4:48pm | 470Shares of U.S. homebuilder Lennar Corp (NYSE: LEN) are trading higher in Wednesday's after-hours session after the company reported better-than-expected quarterly results. Q2 Revenue: $8.04 billion beat estimates of $7.18 billion Q2 EPS: $2.94 beat estimates ...
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Fed Verdict Awaited: Fresh Signs Of Easing Inflation Reinforce Rate Hike Pause Expectations
Wednesday, June 14, 2023 - 12:24pm | 2200(Wednesday market open) For the first time in well over a year, the Federal Open Market Committee (FOMC) is widely expected to end its meeting today without raising interest rates. Stocks entered a new bull market last week and traded at nearly 14-month highs yesterday after new...
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Stitch Fix Appoints Former Macy's Executive As Its CEO
Wednesday, June 14, 2023 - 11:22am | 326Stitch Fix Inc (NASDAQ: SFIX) has appointed Matt Baer as its Chief Executive Officer and a member of the Board of Directors, effective June 26, 2023. Founder, interim CEO and Executive Chairperson of the Board Katrina Lake will continue in her role as Executive Chairperson of the Board....
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Lennar, RadNet And 3 Stocks To Watch Heading Into Wednesday
Wednesday, June 14, 2023 - 4:04am | 323With U.S. stock futures trading lower this morning on Wednesday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Lennar Corporation (NYSE: LEN) to report quarterly earnings at $2.31 per share on revenue of $7.17 billion after the closing bell. Lennar...
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Investor Sentiment Improves Further Following Inflation Report
Wednesday, June 14, 2023 - 2:45am | 349The CNN Money Fear and Greed index showed further improvement in overall sentiment among U.S. investors on Tuesday. U.S. stocks closed higher on Tuesday following the release of inflation data. The consumer price inflation in the U.S. eased to 4.0% in May, recording the lowest level since March...
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Lennar Likely To Report Lower Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Tuesday, June 13, 2023 - 9:07am | 383Lennar Corporation (NYSE: LEN) is expected to report its earnings results for the second quarter ended May 31, 2023 after the closing bell on June 14, 2023. Analysts expect the company to post quarterly earnings at $2.31 per share, down from year-ago earnings of $4.49 per share. The company’s...
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2 Real-Estate Related Stocks Showing Signs Of Being Undervalued
Friday, June 9, 2023 - 5:12pm | 876You might not typically think a rising price stock is undervalued, but that looks to be the case with real-estate-related companies Century Communities Inc. (NYSE: CCS) and MGIC Investment Corp. (NYSE: MTG). Coincidentally, both those stocks happen to be up 8.12% in the past month, and both...
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Adobe Brings Image-Creating AI Tools Firefly And Express To Enterprises To Cater To Content Creation Demand
Thursday, June 8, 2023 - 12:05pm | 460Adobe Inc. (NASDAQ: ADBE) launched a new generative AI offering in Adobe Summit EMEA 2023, which brings Adobe Firefly and Adobe Express to big companies worldwide, with PI indemnity. Firefly for Enterprise will cater to the surging demand for digital content at scale and help...
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Why Yext Shares Are Trading Higher By 14%; Here Are 20 Stocks Moving Premarket
Wednesday, June 7, 2023 - 8:07am | 827Gainers Wejo Group Limited (NASDAQ: WEJO) shares rose 70.2% to $0.1023 in pre-market trading after dropping 29% on Tuesday. Wejo Group recently said it is evaluating whether to file ancillary insolvency proceedings for the company and other units in other jurisdictions, including the US. Heliogen...