Lennar Corporation Class A (NYSE:LEN)

Chart of the Day January 3rd, 2023

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  • debeers: $CRWD/$HD/$LEN/$LLY/$MSFT/$NVDA/$PANW Notes: $CRWD & $PANW- yes you can have both $LEN-Not only raising its divvie4 but buying back 5B of its own shares $LLY-the king is still the king $MSFT- will overtake aapple as most valuable co, $NVDA- you gotta have 1 semi-have the best Allthe aboved IMO and you shoud make bank on all of them
  • debeers: @Henry $ARDX - i have enough to handle with 1 retailer and $CELH, $CRWD $HD $LEN $LLY and $META $MSFT $NVDA $PANW and @Woodman does ALL of Biotech!
  • DavidG: $XHB Sold $XHB @ 94.07 for 11.7 % profit. $LEN report strong earnings but margins were lower, as was case for other homebuilders. I think this one needs a rest. Might rebuy in the future.
  • scottrades: ...
    $LEN 8EMA Support
    $PHM Breakout level is 105.15

    See you in the Trading Room!

    Scott
  • Wolf: $LEN Beat earnings and Rev, but down 4% PM.
  • DAN: ...
    Next, Lennar ($LEN) reported strong earnings last night, beating EPS estimates, beat on revenues, and beat on new orders and deliveries. The stock is down slightly pre-market. I suspect the issue is twofold. First, the stock has been on one heck of ...
  • debeers: @Wolf $LEN -i was so wrong about this one who beat and raised but folks feel that the advantage that the builders had of making lowewr rates than homesellers could, would vanish with the Fed lowering rates.
  • DAN: ...
    $LEN -- Beautiful chart if you already own it.
    $DHI -- Beautiful chart if you already own it.
    $PHM -- Beautiful chart if you already own it.

    Active Trade List:

    $MSTR -- Consolidating below $600.
    $SMH -- Sector is strong. Be long.
    $AVGO -- Up more ...
  • DAN: ...
    A couple of things to note: Toll Brothers ($TOL) reported a strong quarter, beating estimates on earnings and revenues. They've got a positive outlook for 2024. Given the "ROFLMAO Trade" in the bond market where the buyers are responding ...
  • scottrades: ...
    $LEN Flagging
    $PHM Short flag
    $TOL Hit a new high yesterday
    $PGTI Trending
    $PLTR Watch for support near the 50 Day
    $TSLA Not great but near the 50 Day

    Let’s have a great day!

    Scott
  • scottrades: All the homies ($XHB stocks) I covered last night are looking good today. $TOL $PHM $LEN $TPH
  • natural: @scottrades $XHB $TOL $PHM $LEN $TPH Looking at a little $NAIL
  • Nepenthe: @scottrades $XHB $TOL $PHM $LEN $TPH You had also mentioned $RS. I bought once it eclipsed 216 on your suggestion--216.40 to be exact--but I notice volume's very light today. Yet yesterday it was three times normal. Light volume a cause for concern, or was yesterday's impetus enough? Just curious. Keeping stop below today's low. Cheers.
  • scottrades: My notes: $SPY That close though $QQQ Closed above the 8EMA $DIA Breaking out $UUP Rebounding $TNX Watch tomorrow $TLT Holding the 8/21 $GDX Holding up $XME Breaking out $IGV Extended $URA Holding the 21 EMA $XHB In trend $TSLA Cyber Thursday $AAPL High Handle? $MA Micro Base $V New High $MSTR Basing $COIN Support at the 8EMA $AER Breaking out of a flag $TOL Base $LEN Base $TPH Flag $UEC Great volume $STLD Breakout $RS Has Good RS. Watch $276 $CLF Watch 17.50 $X Trending
  • Francoise: @DAN #STOCKS yes please, $LEN, $ZS, $ROKU
  • debeers: ...
    -$LEN reports tomorrow and yes you want to be in it-solid fins and they make their nut
    $ARDX/$LLY- both will be down today IMO suck it up and stick with these 2-they'll be down today but the need is great for these 2 soyou'll be happy
    $AMZN-see abov ...
  • debeers: $LEN=wrong so gone.
  • woodman: @debeers $LEN - Yeah, similar for me with BZH.
  • debeers: ...
    $LEN-i'm in good co with this one and if there is a recovery in housing, this one might be even better than $DHI IMO.
    Uncle Warren has both of them in Berkshire.
    $ELF-every time i've thought that they peaked, they make an acquisition or get an influ ...
  • woodman: @BarryC $DHI #FWIW - Uncle Warren loaded up on $DHI $LEN and $NVR on Tuesday. https://fortune.com/2023/08/15/housing-market-warren-buffett-loads-up-on-homebuilder-stocks-dr-horton-lennar-nvr/
  • BarryC: @woodman $DHI $LEN $NVR #FWIW I'd be a complete moron to say Warren Buffet was wrong, lol.... "for me" I just tend to be a contrarian and that kinda fits my thesis that they may need a break. EVERYONE buying the Warren Buffet news = WRONG trade, IMO. Also EVERYTHING has been coming in and I don't suspect the housing stocks can stay this strong after the move they've had, yesterday 30 year mortgage rates hit 8% yesterday for whatever thats worth. BUTTTTT at the end of the day, I just use the charts like @Dan taught me. :-)
  • woodman: @BarryC $DHI $LEN $NVR #FWIW - Yeah, that's why I said you and Warren may both be right - short term vs. long term. He's a long term guy. I am still holding my $HOV, which I've been holding for some time. It's been very good. Is the party over? I don't know. Right now HOV and the others are on the 50 day (and HOV is also right at $100 area), perhaps teetering, but I will give HOV more time to show its cards. I have a lot of profit in this, so I can afford not to panic and to give it a little more time.
  • woodman: @woodman @BarryC $DHI $LEN $NVR $HOV #FWIW - And with all that said, my first stop in $HOV has been hit.
  • woodman: @woodman @BarryC - $DHI $LEN $NVR $HOV #FWIW - Second stop hit as well this morning. I'm out completely.
  • DavidG: $XHB $LEN $PHM Ugly day for the homebuilders.
  • DougL: @DavidG $XHB $LEN $PHM - $ITB, $TOL, $DHI, $BLDR et al
  • bigbartabs: @DavidG $XHB $LEN $PHM ... a pretty ugly day all the way around.
  • DAN: ...
    $LEN -- 50-day MA holding
    $DHI -- “From here?”
    $TOL -- Pinching.

    $CRS -- Good trend. One to watch.
    $TSLA -- Cheaper cars, cheaper stock.
    $DKNG -- Down
    $SHAK -- Down. Shake Slack
    $LULU -- Holding it’s own.
    $MNST -- Consolidation
    ...
  • mopick: $LEN below the 50, out. so much for the homebuliders.
  • scottrades: ...
    Homebuilders $XHB are still holding up fine. Watch $PHM $TOL $KBH $LEN and others. $OC and $BLDR are in consolidation.

    So there are a few things to watch into the end of the week, though I’m not in a big rush to put money to work without a ...
  • wineinquirer: $LEN $TOL MHO MTH BZH $PHM Been watching these for some time with np as of yet. They all have similar long term cups and handles (give or take) but using measured move from base to breakout to estimate tgt uncovers that many have already made significant progress toward tgts. The two that still look attractive for gains seem to be $LE N & $TOL. Both are not too far above the breakout and thus have more potential for gains. May take an entry (or two) small today as home building sector still strong (from a technical pattern standpoint) as inventory still is tight. In my area (Marana, Az), home builders (some public, some private) have been building non-stop since prior to COVID. Lots for 150-250 new homes seem to sprout like new grass all around us.
  • scottrades: My video notes: COTD: $FSLY was up on an ugly day $SPY Weekly Red Bar $QQQ Weekly Red Bar $UUP Pullback Bounce $TNX New High, Then a Pullback $GLD Stopped at the 50 Day $IWM Weekly Red $SMH Holding the 50 Day $DBC Above all the Daily MAs $URA Trend is fine $OIH Still above the MAs $ARKK Coming to the 50 Day $GBTC Not terrible. $MSFT Dan’s Warning Stock $GOOGL Not a good look $AMZN Watch for a Gap Fill $AAPL Gone Moldy $COIN Channel $MARA At Support $RIOT Needs help $FTNT Back to the Gap $KBH Still fine $LEN Up today $PHM Holding the 21 EMA $MHO Flag $TOL Holding the 50 Day $LSCC Still ok
  • debeers: $LEN-Beckwith retiring. His 2nd in command has been with the co for 20 years. No change to co philosophy here or continuity either.
  • Henry: UNH 2% better than expected earnings up 3.5% in pm Ray Jay thinks $LEN and $TOL can tack on another $20
  • debeers: $LEN-adding this one as well.
  • pbwoody: $LEN had a backtest of a breakout with a good bounce today. Clear support at $119.60
  • Mikev200: $XHB HOD monthly BO on $TOL $DHI $LEN $PHM
  • woodman: Homebuilders hanging in there pretty well. continues. $ITB $TOL $LEN $PHM $HOV $KBH $MTH $MHO and others.
  • debeers: There's no place like home and i had $LEN and now have $TOL and $DHI however, if you only wantg 2, IMO get the 2 that do not miss on earnings: $TOL and $LEN. $TSLA is now the charging station for Rivian as well and not letting go of $ARDX which, in all probaqbility has e3nough cash now to propel even more scrips and approvals or so the kidney expert here says and yes i do believe him and its the only biotech i need.$NVDA still have some but have pared it back a bit.
  • debeers: @debeers $LEN $TOL $DHI $TSLA $ARDX $NVDA -meant to say scripts-geez!-and my expert is @Woodman.
  • DavidK: @debeers $LEN $TOL $DHI $TSLA $ARDX $NVDA side note . DR HORTON bought or partnered with St Joe Company in Windmark Beach Hwy 98 pan handle of Fl . This development originally were million $$ lots and multi million homes . At Joe then screwed original home owners and sold / partnered with Horton to put in cookie cutter 400-450 k homes stacked on top of each other that look like a double wide trailer . It’s at the beach so these snowbirds are buying them up . Horton stated another mass build of cookie cutter homes outside Atl in a great old southern town known for their old beautiful homes . building these homes in a swamp area . Not sure how they got it approved. Point is they bought this land and have to build . Betting that they can sell all these pos
  • debeers: @DavidK $LEN $TOL $DHI $TSLA $ARDX $NVDA @DavidK-lennar took full advantageof its situation as well they should.
  • debeers: @DAN-$FCX/$NVDA/$STLD/$TSLA/$PANW and $LEN at close for earnings in pretio veritas!
  • debeers: $LEN-Earnings tonight and conf call tomorrow at 11 am eastern time. Estimates 2.42 hi/ 2.32 average/ 2.16 low with revenues coming in at 7.2B decrease of 14.11 from same Q last year.
  • debeers: $LEN-when it was announced mthat Powell planned on increasing rates, sold $LEN. Probably a good thing as revenues fell.
  • debeers: @debeers $LEN -and wrong $LEN actually up a skosh.
  • debeers: $LEN-Just opened yet another golf course community in Florida where their houses start at 200,000. In Cali, that price buys you a golf cart garage. i wanted to give you the historical on this one where a miss is rare. Wednesday AMC it reports. Here's the historical: Total Return 1 Year %2B47.6% 3 Year +91.3% 5 Year +122.5% You could do worse and, IMO, they are based in the right market and totally financially sound. I will be long into and iof they didn't haved the record that they do, i wouldn't.
  • champ: @debeers $LEN....Nice and most all the stocks ($LGIH) are also sitting on or around their 52 week highs....I like the sector, however I still don't have any swing positions...because I sold them too early. LOL.
  • wineinquirer: $MHO, $MTH, $PHM, $TOL, $DHI, $LEN, $BLD @Scottrades Home builders not so quietly moving up and showing some vol. Added $MHO this am and looking for another. &LEN earnings next wk along with Fed rate announcement/conference. Wonder if mkts are sniffing out some softening of rates (courtesy of Fed cooperation next wk). Been stubborn thus far! Any insights from you? Doin' an A%2B+ job with your suggestions & videos. Dan really lucky to have you on board!
  • wineinquirer: @DAN Homebuilders showed a lot of strength Fri. Not sure if they're "anticipating" lower mtg rates going forward but nice to see a non-tech sector peek its head out of the foxhole. Could you take a gander @$LEN, MHO, both of which showed >avg vol on Fri. and my top watchlist. As well, could you take a look @ $PANW . Should bump on Mon due to addition to the S&P500 addition announced for 6/20. Has a multi-month double bottom and tested the breakout prior to the post mkt close announcement. Best of luck on your media "blitz" this week.
  • Mikev200: $XHB $TOL $PHM $LEN were baaaaaack.
  • DAN: ...
    For SMMers: The Active Trade Ideas are unchanged -- $LEN, $NVDA, $AMX, $LVS, $AI, $MARA, $GOOGL.

    =================================

    OPTION MARKET MENTOR MEMBERS

    =================================

    For OMMers: Our open trades are all performing adeq ...
  • Mikev200: $XHB $LEN $PHM $TOL nice recovery long $PHM
  • DAN: ...
    $LEN -- Up again as housing continues moving higher. The inflation numbers help the housing market.

    $NVDA -- Also up this morning.

    There are several stocks that I am watching this morning and I will probably be sending out a trade idea or two. I ...
  • kenb: @DAN $RETA $LEN $NVDA good morning. You had mentioned on Monday a live webinar this morning. Is that still true?
  • DAN: @kenb $RETA $LEN $NVDA Yes. I'll be sending out a link in a while. But here is the link: https://us02web.zoom.us/j/82877660854 8 am PT / 11 am ET
  • Henry: $LEN is on the move
  • DAN: ...
    $LEN -- Lennar is the Energizer Bunny. Homebuilders keep moving higher, and we are up about 10% on the trade.

    $WYNN -- As previously noted, the trade idea on $WYNN was stopped out at 109.75 last week. But the stock is still holding up, so I&rsq ...
  • wijimmy: @DAN $RETA $MARA $LEN $WYNN $NVDA .... $$$$$$$ ...FYI.... $WYNN reports after the close TODAY...!!!! • Wynn Resorts (NASDAQ:WYNN) is estimated to report quarterly loss at $0.01 per share on revenue of $1.37 billion.
  • scottrades: My notes: COTD: Canada’s Baseball Monopoly $RCI $SPY In trend $QQQ Same $UUP Headwinds $GDX In Trend $GLD Low Volume today $BITO Ex Divy Day $SMH Watch this Space $XHB Still working $XLK Still in trend $XLP Near REsistance $KRE Still not where you wanna be $BLOK Good, considering the red in Bitcoin $AMD Beast Mode $AVGO At the 50 Day $NVDA Still good. $ON Holding the 50 Day $MSFT In trend $GOOGL Break of the flag $AMZN At the 200 Day $LEN In trend $MHO Same $MAS Flag $DHI Holding the 8EMA $NKE Still on watch $ONON in trend $LVS Holding the 21 EMA $WPM Fine $GOLD at the 8EMA $AEM In trend $EGO Same $MARA At the 200 Day. Earnings this week $RIOT Earnings tomorrow
  • scottrades: Homebuilders that I mentioned last night are working here. $LEN $DHI $MHO
  • woodman: @scottrades $LEN $DHI $MHO - $BLDR up 12% on earnings report.
  • woodman: @scottrades $LEN $DHI $MHO - Homebuilders and Building Materials stocks appear to be reacting very well on their earing reports thus far. Perhaps find one that has not yet reported and buy FOR earnings. Just a thought....
  • wineinquirer: @scottrades $LEN $DHI $MHO Been watchin' these (and in $LEN earlier) and will have an interest........ but learned to stand aside on Fed day! Not worth the nauseating volatility....at least for me!
  • DAN: ...
    $LEN -- Up about 6% on this. The stop at 103.30 is just below the 50-day moving average, which is fine with me. However, we could see a bit of a pullback from here, or at least a resting phase. You may choose to raise your stop to $107.50 to elim ...
  • scottrades: My notes: $SPY 403 Short-term support $QQQ Watch the 21 EMA $UUP Downside reversal $GLD Gold likes a weak dollar $GDX Great volume $XHB Still in trend $XLK In trend $XLP Clear Resistance $XLE Yikes $KRE Banking Crisis doesn’t seem to be over $BLOK Clear Floor $AMD Earnings $GOOGL Flag $AMZN Watch Today’s low $CRM Watch 200 $DHI Short base $LEN Short Base $MHO In trend $LCRX Long base $LVS In trend $NKE Holding the 21 EMA $WPM Earnings Thursday $GOLD Earnings tomorrow $AEM Great volume $EGO 7% from the 2022 High $BITO Holding the 50 Day $MARA Volatility is a Feature, not a Bug
  • DAN: ...
    $LEN -- Up 6.7%. The stock is doing fine.
    $DXCM -- Testing the breakout at $120.
    $MARA -- Still consolidating here. aAgain, we’re running out of time on this because earnings are due on Wednesday.
    $WYNN -- Too new to say muh. Earnings are ...
  • Nepenthe: @DAN $FRC $AMD $WING $QCOM $MNST $MRNA $AAPL $RETA $LEN $DXCM $MARA $WYNN $DIS Dan, are you sure about earnings for $MARA? Earnings Whisper has them for June 15, unconfirmed. Cheers.
  • debeers: $TOL-like $LEN which reports a month later than $TOL, the homebuilders are able to increase their prices and buy down the mortgage rates. My plan is to hold $TOL thru the May call with one more rate increase. A high end buyer maybe moving from Cali or New York will get savings on both ends if choosing to buy in a low or no tax state.
  • scottrades: My notes: $SPY Holding the 50 Day $QQQ Trend is up $GDX Lots of Earnings Next week $XHB Holding the 21 EMA $XLY MAs stacked $XLK Holding the 50 Day $XLC Trying to break out $IBB At the 200 Day $BLOK Holding the MAs $BITO Support at the 50 Day $AMZN Earnings $AAPL At resistance $META Earnings Gap $MSFT Working $GOOGL Watch 109 $NKE Mentioned in COTD $MARA Support at the 200 Day RIOT Holding the 21 EMA $HUT Low Dollar Miner $COIN Lagging $CRM Holding the 21 EMA $ULTA Holding the 21 EMA $MHO Holding the 21 EMA $TOL Watch yesterday's low $LEN Same
  • DAN: ...
    $LEN -- Looks like it’ll hold $110.00 Great weekly chart.
    $DXCM -- resting. $120 is support (we are in at 120.25)
    $MARA -- Glad we got in this one again. It’s up 13.25% premarket on 2.9 million shares. As noted yesterday, this looks l ...
  • indigo1948: @DAN $NDX $MSFT $GOOGL $AMZN $AAPL $NVDA $CROX $RETA $MNST $WING $LEN $DXCM $MARA - probably showing my age: Hill Street Blues - Sgt. Esterhaus
  • DAN: @indigo1948 $NDX $MSFT $GOOGL $AMZN $AAPL $NVDA $CROX $RETA $MNST $WING $LEN $DXCM $MARA Yep. When I was writing for TheStreet.com, I closed every article with that line. I forgot to write it on time and received a ton of emails asking me why I left it out. Couldn't claim old age, so I just said that I forgot. ;-)
  • Enrique: @DAN $NDX $MSFT $GOOGL $AMZN $AAPL $NVDA $CROX $RETA $MNST $WING $LEN $DXCM $MARA Hill Street Blues
  • DAN: @DAN $NDX $MSFT $GOOGL $AMZN $AAPL $NVDA $CROX $RETA $MNST $WING $LEN $DXCM $MARA I think I'll bring it back. Being careful never gets old. It's intra-generational.
  • Enrique: @indigo1948 $NDX $MSFT $GOOGL $AMZN $AAPL $NVDA $CROX $RETA $MNST $WING $LEN $DXCM $MARA Ah, ya beat me to it. Bonus points for knowing that dude's name!
  • Cjauger: @DAN $NDX $MSFT $GOOGL $AMZN $AAPL $NVDA $CROX $RETA $MNST $WING $LEN $DXCM $MARA nice entry on $MARA
  • WWWilly: @DAN $NDX $MSFT $GOOGL $AMZN $AAPL $NVDA $CROX $RETA $MNST $WING $LEN $DXCM $MARA OLD FART ALERT: Hill Street Blues.
  • DAN: ...
    $LEN -- CB 106.04. Profit $5.96. 5.6%. Weekly chart controls.

    $SHOP -- Stopped Out. CB 49.30. Stop 47.60. Loss is $3. Loss is 3.2%. This is really a “time stop”, where the chances of the stock moving higher between now and next ...
  • DAN: ...
    $LEN is up around 5%. The trend is really healthy though the stock is overextended here. Expect a bit more weakness for a while. My suggested stop is 103.30. With a 106.20 entry, the dollar risk is pretty low. You set your own stop.

    $MNST is ...
  • Boone.ruth: @DAN $BNTX $MSFT $GOOGL $META $AMZN $DXCM $LEN $MNST $RETA $SHOP $WING @Dan. you mentioned hoping for a pullback on $IOT. are you adding here
  • DAN: @Boone.ruth $BNTX $MSFT $GOOGL $META $AMZN $DXCM $LEN $MNST $RETA $SHOP $WING $IOT Nope. I don't see this as a bottom or low. Just a pullback on lighter than average volume.
  • swingbound: $LEN I took this on yesterday's PB from the previous wing high and we have the gap up this morning . Our daily-weekly BO is now underway .
  • swingbound: @swingbound $LEN I took this on yesterday's PB from the previous SWING ( Batter ! ) high and we have the gap up this morning . Our daily-weekly BO is now underway .
  • swingbound: @swingbound $LEN T1 is ~ 117.65 at the top of the pattern .
  • Boone.ruth: $LEN. Wish I owned more!
  • DAN: ...
    $LEN was up 2.8% yesterday, which is a big deal for a boring homebuilder stock in a high rate environment where a recession is nearly a lead pipe cinch. I was chatting with Charles Payne about this yesterday in an impromptu appearance on Fox Busines ...
  • wijimmy: @sgiseller $LEN .. So, “NOT “ Chicago…
  • Henry: @sgiseller #OT $LEN I can't believe NASCAR is having a street race in Chicago.
  • wijimmy: @wijimmy $LEN ……FYI…. Driving the news: A new report from the National Association of Realtors showed that major metro areas like New York, San Francisco, and Chicago saw more people leaving than moving in. Instead, people fled to cities in Florida, Texas, North Carolina and South Carolina. The Miami metro area experienced the largest inbound increase from before the pandemic, which saw gains of nearly 60% in 2022 compared to 2019. Houston experienced the highest move-in rate for 2022. …. https://www.axios.com/2023/01/31/cities-pandemic-moving-trends
  • wijimmy: @Henry $LEN #OT …. Brooklyn NY did Formula 1 last year… … https://www.ny1.com/nyc/all-boroughs/news/2022/07/14/the-race-is-on-in-brooklyn
  • sgiseller: @wijimmy $LEN Housing is Booming in Chi Town
  • sgiseller: @Henry $LEN #OT just normal everyday activity in the intersections
  • swingbound: $LEN ~ 105.90 is the final retracement pivot @ 78.6% to hold on any pullback . anchor weekly high : 12.13.2021 pin weekly low : 06.13.2022
  • DavidK: $LEN- great call Dan but I didn’t follow you in on this . Being in real estate I see what’s up and these home builders are gonna get bushwhacked . Just not right now apparently. Middle to lower income buyers are being priced out of the market . Builders already had a lot of these spec homes ( land ) and construction activity underway so they are rolling the dice and completing . Let’s see what happens
  • DAN: Active Trade Update -- Adding $LEN Prior to the close, I was putting out a trade on Lennar ($LEN) and noted that I would be opening up an idea on the active trade idea list. At OMM, I put on a covered strangle and covered straddle -- option trades that are beyond the scope of SMM. But the market closed prior to me being able to get this idea out, so I'll just use the closing price today and suggest that you take a look at the stock tomorrow. Basis: 106.20 Stop: 99.50 --Dan For a complete list of all Active Trades, click here: https://stockmarketmentor.com/active-trades-list/
  • Henry: @DAN $LEN the stock went up another buck after you first posted on OMM. I think what is happening in the housing market: 1) It is still strong in red states where people are moving. 2) Gen Z is tired of paying rent or living in the basement. 3) No matter what you think of immigration, those people have to live somewhere. Maybe they drive up rental prices, maybe they have more money than we expect and can afford to buy homes. I suspect they settle in the Southern tier of states, which are also Red states.
  • sgiseller: @Henry $LEN not just "red" The housing market in chicago area is still jumping, every house is in multiple offers and usually over asking, it's crazy
  • scottrades: $XHB Holding above the 50 Day. $TOL $MDC $PHM $LEN above Friday's high Nice Daily flag on $KBH
  • DAN: Adding Lennar ($LEN), Pulte Home ($PHM) and Meritage Homes ($MTH) to the list of active trade ideas. These three homebuilder stocks look to me like the ones to be tracking/trading. $LEN: Basis 93.60 with a stop at 85.50. $PHM: Basis 47.52 with a stop at 43.20 $MTH: Basis 96.95 with a stop at 87.60 Note that these are all in the same industry and are likely to move in sync. Owning all of them does not make you diversified. It makes you concentrated. INITIAL POSITIONS SHOULD BE SMALL. THIS IS A VOLATILE MARKET. RESPECT RISK. --Dan
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Stock Price $154.29
Change 0.98%
Volume 1,348,150

Lennar Corporation is a homebuilders and a provider of financial services. Its homebuilding operations include the construction and sale of single-family attached and detached homes, and to a lesser extent multi-level residential buildings.

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