Unlike the relatively calm market reaction following the release of non-farm payroll data last Friday, the hotter-than-expected inflation data released this Wednesday dealt a fatal blow to market sentiment. The traders did not regain confidence after the sell-off and all three major US stock indices closed with losses. Additionally, multi-term U.S. Treasury yields spiked while the previously hot commodity gold retreated...
$Rocket(RKT.US)$,$Opendoor Technologies(OPEN.US)$and other real estate-related stocks sank on Wednesday as a hot U.S. inflation report dampened hopes for lower mortgage rates. Rocket – the parent firm of popular housing lender Rocket Mortgage Co. – fell 10.9% to $12.57 shortly before noon ET, while rival mortage firm$LendingTree(TREE.US)$shed 4.3% to $39.31. OpenDoor, which operates a digital platform for home sales,...
On March 13, 2024, Lennar Corporation, the second-largest publicly traded homebuilding company in the US, disclosed its 8-K filing, which reported robust results for the company's performance in the first quarter of 2024, although shares edged lower in premarket trading on Thursday. The company's net earnings increased by 21%, reaching $719 million. Earnings per share saw a rise of 25%, hitting $2.57 per diluted...
Analysts warn that Lennar's strategy of maintaining high volume through price reduction, coupled with rising land prices, may hurt margins. The increasing 10-year Treasury yield, a mortgage rate benchmark, could also challenge the company by limiting potential buyers' purchasing power.
Despite fluctuating mortgage rates and housing shortage, buyers responded to increased sales incentives, boosting new orders and deliveries, says Lennar's Co-CEO Stuart Miller. He also noted a consistent macroeconomic environment in the quarter.
Wells Fargo sees Tesla's potential price cuts as a risk to its bottom line and valuation. High mortgage rates stress the U.S. home buying landscape, possibly impacting Lennar's results. SentinelOne may benefit from increased cybersecurity spending due to rising ransomware attacks. Boeing's safety issues could cause customers to lower aircraft delivery expectations or switch to rivals.
The upcoming week in the financial markets is poised for scrutiny as earnings reports and pivotal economic indicators are set to be released. Monday will see$甲骨文(ORCL.US)$set the tone for the week, followed by a suite of announcements from$曼聯(MANU.US)$,$昂跑(ONON.US)$, and$Phunware(PHUN.US)$on Tuesday. Wednesday's lineup features$美元樹公司(DLTR.US)$,$以星航運(ZIM.US)$, and ...
萊納建築股票討論區
Rocket – the parent firm of popular housing lender Rocket Mortgage Co. – fell 10.9% to $12.57 shortly before noon ET, while rival mortage firm $LendingTree(TREE.US)$ shed 4.3% to $39.31.
OpenDoor, which operates a digital platform for home sales,...
The company's net earnings increased by 21%, reaching $719 million. Earnings per share saw a rise of 25%, hitting $2.57 per diluted...
positions: Long S equity.
Monday will see $甲骨文(ORCL.US)$ set the tone for the week, followed by a suite of announcements from $曼聯(MANU.US)$, $昂跑(ONON.US)$, and $Phunware(PHUN.US)$ on Tuesday. Wednesday's lineup features $美元樹公司(DLTR.US)$, $以星航運(ZIM.US)$, and ...
暫無評論