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Citigroup Boosts Projection For A Likely Global Recession Ahead Of Fed Chair's Testimony
Wednesday, June 22, 2022 - 10:57am | 1711(Wednesday Market Open) Investors appeared a bit apprehensive about Federal Reserve Chairman Jerome Powell’s visit to Congress today as equity futures were down across the board in premarket action. Nasdaq futures had fallen as much as 2% before the open. Potential Market...
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Nasdaq Rises 2.5%; ACADIA Pharmaceuticals Shares Plummet
Tuesday, June 21, 2022 - 2:42pm | 818U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining over 2.5% on Tuesday. The Dow traded up 2.09% to 30,445.81 while the NASDAQ rose 2.58% to 11,076.53. The S&P also rose, gaining, 2.44% to 3,764.68. Also check this: US Existing Home Sales And Other Macro...
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Dow Jumps 550 Points; Convey Health Solutions Shares Spike Higher
Tuesday, June 21, 2022 - 12:16pm | 814U.S. stocks traded higher midway through trading, with the Dow Jones gaining around 550 points on Tuesday. The Dow traded up 1.86% to 30,445.81 while the NASDAQ rose 3.15% to 11,138.32. The S&P also rose, gaining, 2.56% to 3,768.74. Also check this: US Existing Home Sales And Other Macro Issues...
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U.S. Markets Open Higher; Lennar Earnings Top Views
Tuesday, June 21, 2022 - 10:23am | 826U.S. stocks traded higher this morning, with the Dow Jones gaining more than 500 points on Tuesday. Following the market opening Tuesday, the Dow traded up 1.70% to 30,395.65 while the NASDAQ rose 2.88% to 11,109.85. The S&P also rose, gaining, 2.38% to 3,762.25. Also check this: 3 Stocks Under...
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Tuesday's Market Minute: A Busy Week to Come
Tuesday, June 21, 2022 - 9:46am | 508Here are a few things to keep an eye on that could move markets. First, we begin the week with global industries higher, bouncing back from last week’s sell-off. The move comes in reaction to President Biden’s comments over the weekend that he's going to consider removing the...
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Read How Homebuilder Lennar Fared In Q2
Tuesday, June 21, 2022 - 9:07am | 196Lennar Corp (NYSE: LEN) reported second-quarter FY22 sales growth of 30% year-on-year to $8.36 billion, beating the consensus of $8.11 billion. Homebuilding revenues rose 33% Y/Y. Home deliveries for the quarter increased 14% Y/Y to 16,549. New orders increased 4% to 17,792 homes....
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5 Stocks To Watch For June 21, 2022
Tuesday, June 21, 2022 - 4:37am | 264Some of the stocks that may grab investor focus today are: Wall Street expects Lennar Corporation (NYSE: LEN) to report quarterly earnings at $3.98 per share on revenue of $8.16 billion before the opening bell. Lennar shares rose 0.4% to $64.86 in after-hours trading. Seanergy Maritime Holdings...
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10 Biggest Price Target Changes For Thursday
Thursday, March 24, 2022 - 12:07pm | 398Piper Sandler cut the price target on Wingstop Inc. (NASDAQ: WING) from $195 to $102. Wingstop shares fell 0.7% to trade at $111.44 on Thursday. Deutsche Bank boosted Dollar General Corporation (NYSE: DG) price target from $230 to $242. Dollar General shares fell 0.7% to $220.06 on Thursday....
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A Peek Into The Markets: US Stock Futures Gain; All Eyes On Fed Decision
Wednesday, March 16, 2022 - 6:09am | 790Pre-open movers U.S. stock futures traded higher in early pre-market trade ahead of the interest rate decision from the Federal Reserve. Investors are awaiting earnings results from Jabil Inc. (NYSE: JBL), Williams-Sonoma, Inc. (NYSE: WSM) and Lennar Corporation (NYSE: LEN). Data on retail...
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5 Stocks To Watch For March 16, 2022
Wednesday, March 16, 2022 - 4:28am | 372Some of the stocks that may grab investor focus today are: Wall Street expects Jabil Inc. (NYSE: JBL) to report quarterly earnings at $1.47 per share on revenue of $7.43 billion before the opening bell. Jabil shares rose 1.2% to $56.50 in after-hours trading. Caleres (NYSE: CAL) reported better-...
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Lennar Forms JV With CPP Investments To Develop New Apartment Homes
Tuesday, February 22, 2022 - 2:19pm | 179Lennar Corp’s (NYSE: LEN) wholly-owned subsidiary LMC and Canada Pension Plan Investment Board (CPP Investments) have formed a new joint venture (JV) to develop multifamily residential communities. CPP Investments and LMC have allocated $979 million in equity to the...
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KeyBanc Downgrades Lennar - Read Why
Wednesday, January 19, 2022 - 2:40pm | 163KeyBanc analyst Kenneth Zener downgraded Lennar Corp (NYSE: LEN) to Underweight from Sector Weight with an $86 price target, implying a 13% downside. The analyst thinks builders' operational success cannot offset cyclical tailwinds ebbing in time. Lennar's...
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Lennar Hikes Dividend By 50%
Thursday, January 13, 2022 - 6:39am | 185Lennar Corp (NYSE: LEN) said its Board of Directors had increased its annual dividend by 50% to $1.50 from $1.00 per share. The move has resulted in a quarterly cash dividend of $0.375 per share for Class A and Class B common stock. The dividend is payable on February 10...
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10 Biggest Price Target Changes For Tuesday
Tuesday, December 21, 2021 - 8:30am | 392B of A Securities lifted the price target on Micron Technology, Inc. (NASDAQ: MU) from $76 to $100. Micron shares rose 7.7% to $88.38 in pre-market trading. Wells Fargo raised the price target on KLA Corporation (NASDAQ: KLAC) from $360 to $500. KLA Corporation shares rose 3.2% to $398.00 in...
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18 Stocks Moving in Thursday's Pre-Market Session
Thursday, December 16, 2021 - 8:15am | 763Gainers Calliditas Therapeutics AB (NASDAQ: CALT) rose 36.5% to $25.45 in pre-market trading after the company announced it was granted by the FDA accelerated approval of TARPEYO to reduce proteinuria in lgA nephropathy. CooTek (Cayman) Inc. (NYSE: CTK) rose 15.6% to $0.5589 in pre-market trading...