Homebuilding

(Thursday market open) A surprise 50-basis-point rate hike this morning from the Bank of England (BoE) and more tough talk yesterday from Federal Reserve Chairman Jerome Powell combined to pressure stocks early Thursday. Major indexes are lower for the fourth day in a row as...

U.S. housing starts in May saw the highest increase since 2016, along with an uptick in applications to build, indicating a rejuvenation of residential construction. What Happened: Data issued by the Federal Reserve of St. Louis showed a 21.7% jump in the initiation of home construction, reaching...

JMP 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...

(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...

Jerome 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...

Shares 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 ...

(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...

With 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...

The 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...

Lennar 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...

You 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...

The Dow Jones closed higher by over 100 points on Thursday. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision...

KB Home (NYSE: KBH) is raising the roof for 2023; like all house parties, the year may not turn out as investors would hope. The company outperformed consensus estimates and gave favorable guidance driven by its relentless execution of backlog orders. This has revenue in Q1 and guidance for the...

(Wednesday Market Open) Fresh financial industry worries sent stock futures plunging again early Wednesday, causing new debate about whether the Federal Reserve will hike rates next week or decide to pause amid the current banking concerns. Cooler-than-expected February wholesale prices and...

With US futures trading mixed this morning on Wednesday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Babcock & Wilcox Enterprises, Inc. (NYSE: BW) to post quarterly earnings at $0.05 per share on revenue of $229.72 million before the opening bell...