|Bid||50.32 x 3100|
|Ask||55.48 x 800|
|Day's range||51.63 - 53.20|
|52-week range||48.69 - 72.17|
|PE ratio (TTM)||13.97|
|Earnings date||26 Jun 2018|
|Forward dividend & yield||0.16 (0.30%)|
|1y target est||76.53|
Lena Lighting SA. (WSE:LEN) is trading with a trailing P/E of 8.3x, which is lower than the industry average of 11.2x. While LEN might seem like an attractive stock toRead More...
Deluxe and Navient may be trading at prices below their likely values. This suggests that these stocks are undervalued, meaning we can benefit when the stock price moves to itsRead More...
Amazon (AMZN) is partnering with homebuilder Lennar (LEN) to bring its home automation products powered by its voice assistant to Lennar smart homes. The tie-up will not only help Lennar sell homes and products but also help both companies sell their services.
The trend of high volatility in the housing market continued in April as housing starts for the month were reported to have fallen 3.7% following a 1.8% rise in March and a 7% fall in February. The United States Census Bureau and the Department of Housing and Urban Development reported housing starts of 1.29 million for April, lower than the revised March reading of 1.34 million. The bright spot in this month’s report was the increase in single-family housing starts to 894,000 in April from 893,000 in March.
Home-builder stocks have taken a beating so far this year, but market participants say there could be more near-term pain ahead for the group because benchmark government bond yields have ratcheted higher, lifting borrowing costs for prospective homeowners. “Rising interest rates prompted a lot of investors to sell these stocks, because they believe higher rates will dent demand for housing,” said Diane Jaffee, senior portfolio manager at TCW. The home-building index peaked on Jan. 22 at 1,155.75 and is down 20% since then at 924.17, meeting the traditional criteria for a bear market.
TJX • TJX-NYSE Buy • Price $87.45 on May 21 by Guggenheim Securities TJX reported a strong start to calendar 2018, which included a sequential quarter- over-quarter comp acceleration at its Marmaxx stores (+100 basis points, or one percentage point) and a solid, +3% consolidated comp (versus our +2.5% estimate). With a stronger retail environment, coupled with our positive view on the off-price sector, we raise our price target to $96 (up from $90).
Although higher construction costs are likely to impact Toll Brothers' (TOL) gross margin in Q2, higher demand for homes and its efforts to improve operating leverage are likely to offset the negatives.
The S&P 500’s top losses on May 15 were: Agilent Technologies (A) declined 9.7%. D.R. Horton (DHI) declined 6.7%. Lennar (LEN) declined 5.7%. Pultegroup (PHM) declined 5.4%. Celgene (CELG) declined 3.9%. Agilent Technologies
The stock market encountered difficulties Tuesday as the 10-year yield reached 3.06%. Homebuilder stocks struggled with sizable losses.
Zacks Investment Ideas feature highlights: Lennar Homes, First Solar, Sunpower, Tesla and JinkoSolar Holdings
Amazon.com Inc. said Wednesday that it will launch interactive Amazon Experience Centers at Lennar Corp. model homes nationwide. The homes are Alexa-enabled; customers can control lights, shades and more ...