Lennar Corp-B Stock Forum

The U.S. stock market began September with a jolt for investors, as August's non-farm payroll data indicated a faster-than-expected cooling of the labor market, heightening economic slowdown worries and dampening risk appetite.
Read Here: Here's the Breakdown for US August Nonfarm Payrolls, in One Chart
With the rate cut cycle approaching, savvy investors are seeking new opportunities. Beyond previously noted sectors like healthcare, uti...

Unemployment Benefits: The number of Americans continuing to receive jobless benefits rose to its highest level since late 2021. In May, core durable goods orders saw their biggest decline of the year. The unemployment data indicates that people are taking longer to find new jobs, which is not a positive sign for the economy.
Housing Market: The leading indicator for the U.S. housing market collapsed again, with pending home sales i...

Earnings: $3.38 per share, beating the estimate of $3.24 by 4.32%.
Sales: $8.77 billion, exceeding the estimate of $8.52 billion by 2.89%, up 8.95% from last year.
New Orders increased 19% to 21,293 homes.
Deliveries up 15% to 19,690 homes.
Average Sales Price: $426,000 per home, down 5% from last year.
Net Margin: 15.1% on home sales.
Backlog: 17,873 homes valued at $8.2 billion.
CEO Commentary:
Despite rising interest rates and affor...