SocialPicks Sentiment:
** v.s.
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This Quarter's Sentiment:
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SocialPicks Community
low interest rates only works once
LEN
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+23.46%
in
68 days
(closed on 02/24/09)
The solution to housing woes is not to lower lending standards again, as the Fed would have us believe yesterday. In fact, this is the opposite medicine we need. What needs to happen is home inventories go down due to lower prices, or better use of the land (like farming). Why are new houses still getting built at all, unless built for billionaires?
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Lennar Corp.
LEN
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+30.00%
in
485 days
Analysts'
Recommendation: | Hold | | 30 Days Ago: | Hold |
| | Analysts' Target: | $20 | <> <> | Analysts' Targets | | Credit Suisse | $16 | <> <> ...
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Bearish on LEN ...
LEN
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+23.77%
in
651 days
short as it rebounded from the recent bottom on short covering. It is still losing money and will continue do poorly as the home sales are still falling
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Bearish on LEN ...
LEN
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+0.00%
in
0 minute
(closed on 01/29/08)
short as it rebounded from the recent bottom on short covering. It is still losing money and will continue do poorly as the home sales are still falling
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Dismal Retail Sales Weigh On Market
LEN
+38.65%
in
776 days
Retailers are not reporting very strong results currently, just ask Lowe's (LOW). The company lowered guidance materially, and said that too many uncertainties exist to call the bottom. Also, Target (TGT) lowered its September same-store sales forecast. The combination pushed the retail index down to a -3.0% decline in early trading.
Homebuilder Lennar (LEN) also posted dismal results, posting a net loss vs. the consensus for a gain. The company has cut its work force by 35% and anticipates futher job losses. The homebuilder index is down -2.1% currently.
Exis...
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From the Blogosphere
Stock Market News for November 5, 2009 – Market News
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U.S. stocks ended mixed Wednesday after a late-session profit taking almost wiped off a 156-point rally in the Dow average that was fueled by the Fed’s encouraging assessment of the economy and its decision to keep interest rates low for an extended period. The optimism was short-lived as investors appeared jittery ahead of the October jobs report on Friday. Fresh concerns over bank earnings resurfaced after the House of Representatives passed a bill curbing credit card rate increases. <>After the house vote, financials slumped 1.5% and led the decliners among the S&P 500 industry groups. <><><><><>< /><><>< /><>< /><>< />< />...
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Meritage Homes (MTH) Reduces Losses
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Pardon my constant discussion of things like "company fundamentals" and "business outlook". I do realize all the stock market is about is predicting the current algorithmic assumptions over the next 1/400th of a second, cross referenced by the action in the US dollar. Everything else is just details. But I persist - as I'm apparently a dinosaur of another era who once thought stocks were in some way, shape, or form a reflection of an underlying business. Thankfully those who just begin learning about the <strike>casino</strike> stock market today don't have to bother learning all the th< />< /><>< />< /><><>< />< />< /><><><><>< />< /><>< />< /><>< />< /><>< />< />< />< />< />< /><>< />< />< />< /><>< /><><><><><><><><><><><>< />< /><><><><><>< />< /><><><><>< />< /><><><><>< />< />< /><><><><><>< />< />< /><><>< />< /><><><><><><><><><><>< />< /><>< /><><><>< />< /><><>< /><><>< /><>< /><>< /><>< /><>< />< />...
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New Residential Construction Industries Jump on Mortgages
<font>New Residential Construction Industries Jump on Mortgages</font> A number of industries related to residential home construction including New Residential Construction itself, moved higher today as mortgage rates continue to fall. Residential Construction moved higher 5.7% as an industry with Cement jumping 4.34% higher and Lumber/Wood Production also higher 3.66%. By Steve Patterson <font>Residential Building</font> <>A number of names in New Residential Construction moved higher today including Brookfield Homes (BHS), Standard Pacific (SPF), Hovanian (HOV), Lennar (LEN), and Rylan...
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New Residential Construction Industries Jump on Mortgages
<font>New Residential Construction Industries Jump on Mortgages</font> A number of industries related to residential home construction including New Residential Construction itself, moved higher today as mortgage rates continue to fall. Residential Construction moved higher 5.7% as an industry with Cement jumping 4.34% higher and Lumber/Wood Production also higher 3.66%. By Steve Patterson <font>Residential Building</font> <>A number of names in New Residential Construction moved higher today including Brookfield Homes (BHS), Standard Pacific (SPF), Hovanian (HOV), Lennar (LEN), and Rylan...
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Closing Bell: A great day that may feel empty (AA, PEP, VG, LEN, RPRX, PLUG, MMM, WFC)
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Home Builders Take Another Knock
- To claim that home builders have had a tough year would be somewhat of an understatement. As evidence of this, released today was data on new home sal...
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More Resources
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About Lennar Corp.
- Answers.com
Today was one of those up-days that might be a disappointment to many bulls because the gap-ups were not met by follow-on buying throughout the day. A 
