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Dec 14, 2023
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we've got an earnings alert on lennar.he home builder lower despite beats on the top and bottom line. bertha coombs has more. >> lennar hit an historic high during the session. they beat on the top and bottom line. earnings coming in at 42 a share, well ahead the estimate of 459. revenues well ahead, $10.97 billion. the street had been looking for $10.25. gross margins did miss at 24.2%. with all those mortgage incentives to entice buyers, but that resulted in a beat when it came to deliveries, 23,795, and new orders up 32%, to 17,366. both of those were a beat. in the release, the ceo talked about those incentives, saying the economic environment shifted as interest rates rose for most of the quarter and then subsided. higher interest rates tested home buyer sentiment, although purchasers remained responsive to incentives that enabled affordability. he added, chronic supply shortage continued to result in housing demand outweighing short supply. now, for 2024, he sees deliveries at about 80,000 new homes but says they wil
we've got an earnings alert on lennar.he home builder lower despite beats on the top and bottom line. bertha coombs has more. >> lennar hit an historic high during the session. they beat on the top and bottom line. earnings coming in at 42 a share, well ahead the estimate of 459. revenues well ahead, $10.97 billion. the street had been looking for $10.25. gross margins did miss at 24.2%. with all those mortgage incentives to entice buyers, but that resulted in a beat when it came to...
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Dec 15, 2023
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lennar is too much. i think it's a great company.ock was at 102 in november, and now at 150. you could argue that's too much. it's just too much. >> yeah. new orders up 13% year over year to 69,111 homes. that's full-year 2023. deliveries up 10%. they delivered over 73,000 homes. again, just to put into perspective, $13.73 a share. that will give you a sense on the year. you like this name. you liked it. you continue to. >> i do like it. i know that if you go down, obviously it's one of the best performing stocks. it's an amazing home builder. it's always been a great home builder. steve miller does a terrific job. this is giving up on the idea of rate cuts. this is a john williams selloff. >> yeah. there you heard it. the opening bell for this friday. final trading day of the week. look at the realtime exchange back at our headquarters at the big board, zkh group, a maintenance repair and operations procurement service platform from china. going public today. of at the nasdaq. marketing technology company banzai. >> there you go. an
lennar is too much. i think it's a great company.ock was at 102 in november, and now at 150. you could argue that's too much. it's just too much. >> yeah. new orders up 13% year over year to 69,111 homes. that's full-year 2023. deliveries up 10%. they delivered over 73,000 homes. again, just to put into perspective, $13.73 a share. that will give you a sense on the year. you like this name. you liked it. you continue to. >> i do like it. i know that if you go down, obviously it's...
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Dec 15, 2023
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lennar under pressure despite beating estimates.ring 19% more homes from a year ago. >>> rtx naming christopher calio as the new ceo. calio will succeed greg hayes next may. he will take on the tasks the aircrafts recalled. >>> costco shares popping after the expectations in the recent quarter and the dividend of $15 a share. it is delivering a beat with the strong demand outside of grosses r grocery items. >>> commercial real estate is the threat to the financial system next year. it has been beat unen down hard from work from home trends. >>> and rocket labs resumes operations after the company lost the electronic rocket in september. >>> citigroup is winding down operations in the $4 trillion municipal bond market in the most dramatic moves by the ceo to squeeze better returns from the bank. the exit will impact 100 staffers with many likely to leave the bank next year. >>> here is what to watch today ahead of the open. the empire state manufacturing and industrial production f figures and results from darden restaurants. we have
lennar under pressure despite beating estimates.ring 19% more homes from a year ago. >>> rtx naming christopher calio as the new ceo. calio will succeed greg hayes next may. he will take on the tasks the aircrafts recalled. >>> costco shares popping after the expectations in the recent quarter and the dividend of $15 a share. it is delivering a beat with the strong demand outside of grosses r grocery items. >>> commercial real estate is the threat to the financial...
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Dec 8, 2023
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costco and lennar cost goes quarters are anti-climatic they report monthly numbers too. i care but they said about economy. we on customer for the trust. i don't think it's worth it trading in and out. stock just doesn't dodge. don't worry about them in a couple of months. i would rather give them the benefit of the doubt because they deserve it. when i went to amazon i was conscious that seattle house is not one but two companies. amazon with prime and costco with club membership. neither of them has a problem with shrinkage. you can't steal from an online company and costco is a club where you need to pay to join. what kind of thief pays a membership fee when they could just steal from anywhere else for frequency i told you about how the brothers are doing incredibly well. i realized i might be giving another homebuilder -- these guys have been building high quality homes and making big portions for asians. i expect lennar to do better this time. the stocks run. had another leg up after the blowout. on wednesday, maybe lindauer on thursday could have another big leg up
costco and lennar cost goes quarters are anti-climatic they report monthly numbers too. i care but they said about economy. we on customer for the trust. i don't think it's worth it trading in and out. stock just doesn't dodge. don't worry about them in a couple of months. i would rather give them the benefit of the doubt because they deserve it. when i went to amazon i was conscious that seattle house is not one but two companies. amazon with prime and costco with club membership. neither of...
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Dec 14, 2023
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they say lennar is going up 12% from the previous price target. we are already there.tuart: open-door technology, online real estate. >> you can tour, find, purchase a home online, 17% gain, rates are likely coming down. stuart: you've been harping on this all day long. the yield on the 10-year treasury comes down mortgage rates come down. next one. what is this about elon musk planning to open a new school? austin, texas? lauren: and soon. musk foundation filed for tax-exempt status to start three schools in texas. primary, secondary and eventually they start as being free, eventually charge tuition and focus on stem, science and technology but extensive lab work, translation, musk will be educating his future employees. he put $100 million towards this vision of schools. stuart: it won't be awoke school. which i doubt it. i've not heard anything about that but one would imagine classes taught the way he wants them to. stuart: people turning out who can read and write and think. lauren: he said previously colleges aren't employing - preparing employees interviewing fo
they say lennar is going up 12% from the previous price target. we are already there.tuart: open-door technology, online real estate. >> you can tour, find, purchase a home online, 17% gain, rates are likely coming down. stuart: you've been harping on this all day long. the yield on the 10-year treasury comes down mortgage rates come down. next one. what is this about elon musk planning to open a new school? austin, texas? lauren: and soon. musk foundation filed for tax-exempt status to...
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Dec 6, 2023
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>> we have lennar up there.re. >> marcus, going the wrong way. dow is about to give up its gains, up ten points or so. you see the averages there. there's the s&p, a fractional loser, as is the nasdaq. i'll seal you in a couping hours. "the exchange" is now. ♪ ♪ >>> thank you very much, scott. welcome to "the exchange." i'm kelly evans. noted short seller carson block revealed his latest short position in london today. the name, blackstone mortgage trust. the shares are down about 4% right now. but the stock had a 3% gain for the year before the news hit. it's now turned negative. and block is warning shareholders, here comes the cliff. carson block himself joins us now, fresh off the stage in a cnbc exclusive to make his case. carson, thanks for joining us, and welcome.
>> we have lennar up there.re. >> marcus, going the wrong way. dow is about to give up its gains, up ten points or so. you see the averages there. there's the s&p, a fractional loser, as is the nasdaq. i'll seal you in a couping hours. "the exchange" is now. ♪ ♪ >>> thank you very much, scott. welcome to "the exchange." i'm kelly evans. noted short seller carson block revealed his latest short position in london today. the name, blackstone...
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Dec 14, 2023
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we get earnings from costco and lennar and we have more policy decisions from the central bank with then out at 8:15 a.m. and followed by the press aconference from lagchris lag lagarde. >>> let's get the latest on the market. the dow is hitting the highs of the morning up 111 points in the pre-market. for more, let's bring in bill veruth. good morning. great to see you. >> great to be with you. great to join you. >> after the dow hit a new record closing above 37,000, how do you see this day shaping up? what is the wex word of the day? >> we are getting a breakout record in the dow. i'm a futures trader as you know with the equity portfolios, but the interesting thing this week is the quadruple move which is higher which is a premium to the price. it has the nasdaq futures breaking out to new record highs today. the s&p futures are within 1% of record highs today. it is a big day. this could feed on itself. i don't see a reason for the market to fall off. there has been post-fed reaction which reversed. a lot of data is coming today from the central banks. you have to stay nimble. this
we get earnings from costco and lennar and we have more policy decisions from the central bank with then out at 8:15 a.m. and followed by the press aconference from lagchris lag lagarde. >>> let's get the latest on the market. the dow is hitting the highs of the morning up 111 points in the pre-market. for more, let's bring in bill veruth. good morning. great to see you. >> great to be with you. great to join you. >> after the dow hit a new record closing above 37,000, how...
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let's start with the homebuilder lennar. >> we bought the exchange traded fund for the homebuilders andg stocks. simply, interest rates come down, these stocks do better. we owned it may to august, got out and as soon as interest rates topped out, we started looking at them again and a few of them are at highs. pulte is acting well and a few others. they are in good shape. stuart: you like cruise lines. really? cruise lines? >> the earnings are normalizing. royal caribbean is the number one by far as far as stock at yearly highs, they are coming on stronger, carnival and norwegian, the word is normalized and cruise ships are packed right now if earnings get normalized these stocks could go back to their old highs for covid and they could be on the way, watching them very closely. blue when i was thinking cruise lines the same way i think about airlines, wouldn't touch either, do you touch airlines ever? >> rarely. i never understood the business and i must tell you i never thought people would spend $11 billion on baggage and seats and things like that. more power to them. maybe they ar
let's start with the homebuilder lennar. >> we bought the exchange traded fund for the homebuilders andg stocks. simply, interest rates come down, these stocks do better. we owned it may to august, got out and as soon as interest rates topped out, we started looking at them again and a few of them are at highs. pulte is acting well and a few others. they are in good shape. stuart: you like cruise lines. really? cruise lines? >> the earnings are normalizing. royal caribbean is the...
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Dec 7, 2023
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lennar, dr horton moving to the upside as well. all those new homes need paint.ible performer for most of the year. sherwin-williams, new high for sherwin-williams. rates being a little lower in november. this stock was 240 or so, as i recall, at the end of october. look at it. it's almost $300. that's like a 25% move in four and a half, five weeks. these builder stocks or home improvement stocks were pretty poor performers throughout the year. remarkable turn-around in some of these stocks. here's gamestop. remember, there's only three analysts who cover gamestop. there wasn't any guidance, no coverage call. moving modestly, but i think the key point is there was a lot of volume in options, call volume last week around $20 and $25 strike prices by obviously people who were betting the earnings were going to move the stock up. it's $15 right now. so, these strike prices, these particular options expire tomorrow. see if you can move it closer to that. obviously, not happening right now. sara, back to you. >> bob, thank you. >>> there's a bit of buy underperformers
lennar, dr horton moving to the upside as well. all those new homes need paint.ible performer for most of the year. sherwin-williams, new high for sherwin-williams. rates being a little lower in november. this stock was 240 or so, as i recall, at the end of october. look at it. it's almost $300. that's like a 25% move in four and a half, five weeks. these builder stocks or home improvement stocks were pretty poor performers throughout the year. remarkable turn-around in some of these stocks....
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Dec 11, 2023
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his next billion-dollar business here is a hint the homebuilders could be a beneficiary, dr horton, lennar, the toll brothers on your screen we have most in the green "the claman countdown" is coming right back on this monday, don't go away. ♪ or moments that matter, but you can invest in them. at t. rowe price our strategic investing approach can help you build the future you imagine. t. rowe price, invest with confidence. the day you get your clearchoice dental implants makes every day... a "let's dig in" day... mm. ...a "chow down" day... a "take a big bite" day... a "perfectly delicious" day... - mm. [ chuckles ] - ...a "love my new teeth" day. because your clearchoice day is the day everything is back on the menu. a clearchoice day changes every day. schedule a free consultation. ♪ unnecessary action hero! ♪ -missing punches? -unnecessary! -check reversals? -unnecessary! -time sheet corrections? -unnecessary! -unentered sick time? -unnecessary! -go! -unnecessary! -go! -unnecessary! -when you can take this phone, you'll be ready. -make the unnecessary, unnecessary. let your employees d
his next billion-dollar business here is a hint the homebuilders could be a beneficiary, dr horton, lennar, the toll brothers on your screen we have most in the green "the claman countdown" is coming right back on this monday, don't go away. ♪ or moments that matter, but you can invest in them. at t. rowe price our strategic investing approach can help you build the future you imagine. t. rowe price, invest with confidence. the day you get your clearchoice dental implants makes...
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Dec 5, 2023
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ad adobe, costco, darden will be out next week, lennar, oracle.dered early warning signals from people who watch the earnings situation. again, their quarters end in november, all of these companies. so, generally as they go, it's a good early warning sign. still a little too early. the first two companies are not bad. elsewhere, if you look at what else is working, not an awful lot. still yield plays are doing well. as you can see here, $15, the beginning of november. now, $17. it's had a horrible time. it's a 6.5% yield right now. this stock hit 14, 14.25. go back again. way back in july or august, that was the lowest -- to get to 14, you have to go back to the 1990s. that's how bad this was. this was 30-year lows and struggling to come back as a potential yield play as rates come down a little bit. what the heck is going on with the oil stocks? here's greg. greg handles exxonmobil. oil is up today. it's not moving. nothing is moving. this was $120 in september. this is a big stock. and it just keeps going down. and they all keep going down. occ
ad adobe, costco, darden will be out next week, lennar, oracle.dered early warning signals from people who watch the earnings situation. again, their quarters end in november, all of these companies. so, generally as they go, it's a good early warning sign. still a little too early. the first two companies are not bad. elsewhere, if you look at what else is working, not an awful lot. still yield plays are doing well. as you can see here, $15, the beginning of november. now, $17. it's had a...
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Dec 6, 2023
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>> we have lennar up there. you can have any of the home builders up there. >> marcus, going the wrong way. dow is about to give up its gains, up ten points or so. you see the averages there. there's the s&p, a fractional loser, as is the nasdaq. i'll seal you in a couping hours. "the exchange" is now. ♪ ♪ >>> thank you very much, scott. welcome to "the exchange." i'm kelly evans. noted short seller carson block revealed his latest short position in london today. the name, blackstone mortgage trust. the shares are down about 4% right now. but the stock had a 3% gain for the year before the news hit. it's now turned negative. and block is warning shareholders, here comes the cliff. carson block himself joins us now, fresh off the stage in a cnbc exclusive to make his case. carson, thanks for joining us, and welcome. >> thanks for having me. >> let me just start with the fact that a lot of people will hear the name blackstone and maybe reminded of some problems with b-reit a year ago. explain a little bit about yo
>> we have lennar up there. you can have any of the home builders up there. >> marcus, going the wrong way. dow is about to give up its gains, up ten points or so. you see the averages there. there's the s&p, a fractional loser, as is the nasdaq. i'll seal you in a couping hours. "the exchange" is now. ♪ ♪ >>> thank you very much, scott. welcome to "the exchange." i'm kelly evans. noted short seller carson block revealed his latest short position...
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Dec 8, 2023
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booking holdings lennar, costco, all trading near those levels.eantime, paramount jumping more than 12% on a deadline report that there is, quote, a lot of noise about sky dance and red bird capital teaming up on a potential takeover through an acquisition of a controlling stake in national. let's bring in cnbc.com's alex whitman. what do you make of this deadline report, alex? >> reporter: the original report comes from matt belany at puck who's been reporting this for several weeks now, that sky dance, a small entertainment company, now partnered with this private equity firm red bird capital to either try to buy a piece or maybe the whole thing of of paramount global, or maybe as you mentioned, just buy out sherry redstone, the controlling owner of paramount global, because paramount has a weird structure, where this holding company called national amusements, which is by and large owned by the redstone family, that company, which also trades publicly, actually owns the controlling shares of paramount global so you could do an alternative trans
booking holdings lennar, costco, all trading near those levels.eantime, paramount jumping more than 12% on a deadline report that there is, quote, a lot of noise about sky dance and red bird capital teaming up on a potential takeover through an acquisition of a controlling stake in national. let's bring in cnbc.com's alex whitman. what do you make of this deadline report, alex? >> reporter: the original report comes from matt belany at puck who's been reporting this for several weeks now,...
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Dec 18, 2023
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holton, lennar, pulte group and toll taking a pause today. mystery chart and we heard a number of bullish sell side saying the companies are still cheap and attractive on historical basis and nigh next guest says now is the time to take profits. joining me is carter worth good to see you. welcome. why the builders why do they jump out to you? >> it's just at this point the sheer angle of the lines, right? for someone who spends a lifetime looking at charts, someone can say so what? they can go higher, but to my eye we have something that's unsustainable. the two areas of the market that have moved the most and they're rate sensitive and with this good news coming out on the fundamental side, the stocks are all down and that's because a great deal has been priced in already. we might have some charts we can look at and i would point out the following. two things the homebuilders as a group, since the absolute low, the financial crisis and march 6, 2009, have almost tripled the performance of the s&p and the s&p line with amazon and google. hom
holton, lennar, pulte group and toll taking a pause today. mystery chart and we heard a number of bullish sell side saying the companies are still cheap and attractive on historical basis and nigh next guest says now is the time to take profits. joining me is carter worth good to see you. welcome. why the builders why do they jump out to you? >> it's just at this point the sheer angle of the lines, right? for someone who spends a lifetime looking at charts, someone can say so what? they...
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Dec 7, 2023
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lennar will give it to you.is a great point about the institutional demand. it's up 50% this year. steven, thank you for joining us. appreciate it. >>> coming up, shares of alphabet having their best day since july, they're only up 5% right now. all of this after yesterday's ai announcements. we'll look at what has investors so excited when we ce ckomba in a moment. dow up session highs, as well. like your workplace benefits... and retirement savings. with voya, considering all your financial choices together... can help you be better prepared for unexpected events. voya. well planned. well invested. well protected. >>> welcome back. shares of alphabet now up 5% today, having a delayed reaction to the launch of their gemini ai model yesterday. let's get out to diedra bosa. come on, in this day and age, 24 hours, we talked about this yesterday. you showed us the tape. >> yes. >> here we are 24 hours later. >> i know, i could barely believe my eyes yesterday, after watching that six-minute video. i thought this is
lennar will give it to you.is a great point about the institutional demand. it's up 50% this year. steven, thank you for joining us. appreciate it. >>> coming up, shares of alphabet having their best day since july, they're only up 5% right now. all of this after yesterday's ai announcements. we'll look at what has investors so excited when we ce ckomba in a moment. dow up session highs, as well. like your workplace benefits... and retirement savings. with voya, considering all your...
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Dec 15, 2023
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lennar, they couldn't have done that well because they're down if % 3%. lauren:s.ctually, they did great. they delivered 19% more homes, but they had to incentivize the buyers. and all those incentives pushed down their gross margins. if you look at the average selling price, it went down by 4242,000 -- 432,000 in the past year with -- 42,000. so the average price went down. stuart: they build the houses, they can't sell them for those kind of prices, stock goes down. tractor supply, i know they got a downgrade. lauren: your perfect day would be costco followed by tractor supply. stuart: absolutely. yes. lauren: sorry, they were cut to sell -- stuart: with lunch at mcdonald's -- >> you have to have your hot dog at costco, come on. [laughter] lauren: bank of america cut them to underperform. they say demand and pricing challenges are pressure their earnings, but -- pressuring their earnings. but this is a problem in the farm and ranch industry. when you go into tractor supply, met me know if they're -- let me know if they're selling more cleaning products or more st
lennar, they couldn't have done that well because they're down if % 3%. lauren:s.ctually, they did great. they delivered 19% more homes, but they had to incentivize the buyers. and all those incentives pushed down their gross margins. if you look at the average selling price, it went down by 4242,000 -- 432,000 in the past year with -- 42,000. so the average price went down. stuart: they build the houses, they can't sell them for those kind of prices, stock goes down. tractor supply, i know...
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Dec 13, 2023
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n nordsen beat earnings and we have lennar and costco afterhours tomorrow. >>> that's going to do it for us here at "overtime." >> "fast money" starts now. >>> welcome, everybody. live from the nasdaq market site in the heart of new york city's times square, this is "fast money." here's what's on tap tonight. monster market moves. the dow topping 37,000 for the first time ever. s&p getting within a record, and the ten-year at levels not seen since august. all this thanks to jerome powell. how the fed chair got stocks surging and can they keep their momentum in the new year? we'll debate that. plus, bad medicine. shares of pfizer plunging to more than ten-year lows. the headline sinking the stock and what one of our traders is doing with their shares right now. >>> and later, crafting concerns. etsy, the latest name to cut jobs. why the market wasn't buying in on the announcement. in more melissa lee, i'm tyler mathieson. on the desk tonight, carter worth, karen finerman, dan nathan, guy adami. don't let me fail here. >> of course not. >> cover my back. keep me propped up. >> always.
n nordsen beat earnings and we have lennar and costco afterhours tomorrow. >>> that's going to do it for us here at "overtime." >> "fast money" starts now. >>> welcome, everybody. live from the nasdaq market site in the heart of new york city's times square, this is "fast money." here's what's on tap tonight. monster market moves. the dow topping 37,000 for the first time ever. s&p getting within a record, and the ten-year at levels not...
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Dec 6, 2023
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t-mobile and some home builders, dr horton, lennar and pulte group. >>> with less than 20 shopping dayser than christmas, walmart's ceo is giving us insight into just how strong the consumer is looking this season. sara eisen sat down with doug mcmillan to get his thoughts. >> hello, nice to see, everyone. walmart is in the middle of the key holiday sales season, and is warning about a softening consumer. i sat down with doug mcmillan, the ceo of the country's largest retailer to talk about his strategy right now, and where the consumer is headed. he says customers are really price sensitive right now, but that overall, he's been pleasantly surprised at how strong the consumer has been this year, and at this time. it may change. listen. >> i don't know what next year is going to look like, as credit balances go up, the balance sheet of the consumer is not as in as good of shape as it was 6, 12 months ago, a year ago. we may find that we are back to growth rates that look like 2018, 2019, in terms of total retail. we just think our opportunity is greater than that and we can grow faster
t-mobile and some home builders, dr horton, lennar and pulte group. >>> with less than 20 shopping dayser than christmas, walmart's ceo is giving us insight into just how strong the consumer is looking this season. sara eisen sat down with doug mcmillan to get his thoughts. >> hello, nice to see, everyone. walmart is in the middle of the key holiday sales season, and is warning about a softening consumer. i sat down with doug mcmillan, the ceo of the country's largest retailer to...
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Dec 14, 2023
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that's one reason i've liked the stocks all along especially lennar which reported tonight and toll brothersesterday. everybody figured if the fed kept raising rates mortgages would get too expensive and people would stop buying homes. then any new supply would overwhelm the diminished demand and prices would crumble. didn't happen. instead we got the opposite. every time the fed raised rates mortgages would get more expensive but the secular thirst for new homes didn't stop and the price of homes never came down. existing sales, though, usually 90% of the market, dried up. because nobody wants to give up their ultra low rate mortgage that started before the fed started tightening. millions of people bought homes with 3 and 4% mortgages. if you bought a new home you'd be paying 8%. so a lot of existing homeowners just refused to sell. therefore, there was only one way to make housing cheaper. you have to lower the cost of the mortgage to be competitive with the other mortgages. i know it's counterintuitive for the federal reserve because raising rates has always crushed housing prices. but j
that's one reason i've liked the stocks all along especially lennar which reported tonight and toll brothersesterday. everybody figured if the fed kept raising rates mortgages would get too expensive and people would stop buying homes. then any new supply would overwhelm the diminished demand and prices would crumble. didn't happen. instead we got the opposite. every time the fed raised rates mortgages would get more expensive but the secular thirst for new homes didn't stop and the price of...
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Dec 14, 2023
12/23
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lennar up as well. jonathan: joining us is the international cio within the global fixed income currency committee group at j.p. morgan asset management. what changed for the fed chair in two weeks? what changed for you? >> i think jerome powell is fixated on delivering the soft landing and what's changed is the inflation data is coming down. we are seeing good evidence that job is done and they are worried they are in restrictive territory. what he was probably doing was making sure that the rest of the committee would be on board with what he was going to do yesterday which is obviously do the pivot and get the markets excited about that. we have definitely shifted from where we were early in the year where people were concerned about growth slowing and inflation being too high. central banks can now be proactive and tried to deliver this soft landing. jonathan: thinking about rate cuts, when do you think we cut first. iain: i still think it will be dependent on the data and they will be looking to ke
lennar up as well. jonathan: joining us is the international cio within the global fixed income currency committee group at j.p. morgan asset management. what changed for the fed chair in two weeks? what changed for you? >> i think jerome powell is fixated on delivering the soft landing and what's changed is the inflation data is coming down. we are seeing good evidence that job is done and they are worried they are in restrictive territory. what he was probably doing was making sure that...
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Dec 15, 2023
12/23
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shares of lennar under pressure after the 52-week high in yesterday's trading. the home builder reported full-year results that beat expectations. 19% more homes delivered this year than last year. the ceo saying home buying sentiment was impacted by higher interest rates. buyers responded to incentives that made homes more affordable. that stock down this morning after what has been a rapid rise. >>> let's look at costco shares after the retailer reported better than expected profits in the fiscal first quarter. same-store sales up 4%. the membership fee revenue was a big deal up 8%. the company also issued a special dividend of $15 a share which is payable in january. costco shares up 38% over the last year. up by $9.20 on the last tick. michelle ca ruso-cabrera is her this morning. she will join us later on this morning. she gave me this book. i'm finding some interesting facts. we may dig deeper into this later. >> okay. >> it's a fun story. costco is a fun story. charlie munger's favorite retailer. one of his favorite companies. he was on the board for a lo
shares of lennar under pressure after the 52-week high in yesterday's trading. the home builder reported full-year results that beat expectations. 19% more homes delivered this year than last year. the ceo saying home buying sentiment was impacted by higher interest rates. buyers responded to incentives that made homes more affordable. that stock down this morning after what has been a rapid rise. >>> let's look at costco shares after the retailer reported better than expected profits...
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Dec 28, 2023
12/23
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horton and lennar are offering new home sales. they are both up 65-70% this year. even toll brothers are up 100% and multigroup over 100% trading new records. paul: i don't know about the other folks and baby boomer groups. i sold all of my homes plural over the past few years. i did my part. even in my neighborhood today, if something goes on the market it is snatched up immediately. assuming it is reasonably priced. there are homes that have been on the market over a year and you are like, what are you thinking? if you price it reasonably for this market it will move but again, if you need a mortgage to get into your next home. there's not as much incentive. simone: i've been looking through the data and there is a distinct variation. when you look at a regional level. for example, the south, the index level that they are citing is a lot higher at 80 when you look at the west and you see it at a level of 54. as an indicator of the pending home sales and number of contracts being signed. when you look at activity in the south dropping here but the west is seeing s
horton and lennar are offering new home sales. they are both up 65-70% this year. even toll brothers are up 100% and multigroup over 100% trading new records. paul: i don't know about the other folks and baby boomer groups. i sold all of my homes plural over the past few years. i did my part. even in my neighborhood today, if something goes on the market it is snatched up immediately. assuming it is reasonably priced. there are homes that have been on the market over a year and you are like,...