Lennar's fourth-quarter fiscal 2024 report reflects tepid home deliveries due to increased interest rates and declining home sales margins.
And create a lot of wealth for investors along the way.
One of Harris' proposals could provide a huge catalyst for these Buffett stocks.
Unfortunately for home buyers, mortgage rates are sharply higher in October, with the 30-year rate averaging 6.92% as of Oct. 23 -- marking a fourth-straight weekly rise.
Now is the ideal time to buy this Buffett stock.
On September 25, 2024, Micron's Board of Directors declared a quarterly dividend of $0.115 per share, payable in cash on October 23, 2024, to shareholders of record as of the close of business on October 7, 2024.
Lennar Corporation reported Q3 FY2024 earnings on Thursday. The market was disappointed despite a beat on EPS and revenue estimates. In this update, I discuss reasons for the sell-off in LEN stock and whether the industry outlook has changed, now that the Fed has started to cut rates. I discuss whether the strong performance (LEN shares are up 24% year-to-date) is justified after an already very strong performance in 2023.
There are many strong contenders for the best stock to buy with interest rates falling. One stock especially rises to the top, though.
Brian Vendig, president of MJP Wealth Advisors, joins CNBC's 'Power Lunch' to discuss three stocks: Nike, Fedex, and Lennar.
Lennar Corporation (NYSE:LEN ) Q3 2024 Earnings Conference Call September 20, 2024 11:00 AM ET Company Participants David Collins - Vice President & Controller Stuart Miller - Executive Chairman & Co-Chief Executive Officer Jon Jaffe - Co-Chief Executive Officer & President Diane Bessette - Chief Financial Officer Conference Call Participants Alan Ratner - Zelman & Associates Stephen Kim - Evercore ISI Susan Maklari - Goldman Sachs Michael Rehaut - JPMorgan Trevor Allinson - Wolfe Research John Lovallo - UBS Operator Thank you for standing by, and welcome to Lennar's Third Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode.
Lennar (LEN) shares dropped Friday despite stronger-than-expected quarterly results as the homebuilder's guidance left investors uninspired.
LEN's third-quarter fiscal 2024 results reflect higher deliveries and orders. Yet, lower home prices and gross margins ail the bottom line.