SFGTV: San Francisco Government Television
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Apr 7, 2024
04/24
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then they brought lennar in, a lot of people in the community, was fighting lennar and what have you, but i brought the, from the task force, the original, information about toxics in the hunters point shipyard, because my father worked in the hunters point shipyard, nor lennar, nor triple a had anything to do with that toxics in the hunters point shipyard. that was a navy. and the navy alone. i know for a fact i know from when my father had worked there about the toxics project completed. we started before mission bay. mission bay is built. and look at us in hunters point shipyard. we're still playing around trying to knock down whatever we as minorities in that community have to benefit and not waste our time and somebody else come in after they then kicked us all out because we can't afford to stay there no more. and then somebody else come in there and get all of our benefits. we have suffered out there long enough. the people in the community should benefit. do not keep your good work, doctor honeycutt. keep up your good work and anything that i can do as long as i'm living. i go
then they brought lennar in, a lot of people in the community, was fighting lennar and what have you, but i brought the, from the task force, the original, information about toxics in the hunters point shipyard, because my father worked in the hunters point shipyard, nor lennar, nor triple a had anything to do with that toxics in the hunters point shipyard. that was a navy. and the navy alone. i know for a fact i know from when my father had worked there about the toxics project completed. we...
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Apr 29, 2024
04/24
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so, we prefer a company like lennar. it's entry-level, one step up house builder with young people finally getting out of apartments and trying to get their first houses. they have been in the sweet spot. the stock has done as well or better than microsoft in the last year. obviously it's not as much on long-term growth, so you won't see trading in the high multiples like microsoft, but it has been a good position to own and it has a lot more years to run. in the middle of those are the home-improvement companies. home depot, lowes, or even williams-sonoma. what do you do if you can't move or want to fix up your house? even if you get a new house, you have to fill it up with fissions and furniture. williams-sonoma has been a good indirect way to play the housing market. katie: that's a good place to leave it, there is still juice left for home. thank you so much. still ahead, we look at the companies making the most social buzz today, up next. this is bloomberg. ♪ katie: all right, time now for social climbers. a look
so, we prefer a company like lennar. it's entry-level, one step up house builder with young people finally getting out of apartments and trying to get their first houses. they have been in the sweet spot. the stock has done as well or better than microsoft in the last year. obviously it's not as much on long-term growth, so you won't see trading in the high multiples like microsoft, but it has been a good position to own and it has a lot more years to run. in the middle of those are the...
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lauren: where bush doesn't like dr horton or lennar. the reason the gross margins are declining. the homebuilding industry is normalizing because no infantry is slowly being added. where bush says that the negative catalyst for these names. stuart: a fashion brand. lauren: the parent stock is down 20%. it is down 6% to 7%. smaller orders. stuart: petco not doing very well but now what? lauren: doubled down grade all the way down to sell. price target is up from $5. bank of america says petco lost much of its competitive fight. stuart: thanks. let's get back to the latest read on job openings, the joint report, 8.75 million job openings in february down a little from january. what does this say about the state of the economy? >> a continuation of the downward trend beginning in march 2022 so we continue to see the labor market weakening and if we look at the level of job openings but also the rate of job openings we see we are well below the pre-pandemic trend having spiked above the trend after the economy reopened. things softened and will continue to do so. stuart: listen to wh
lauren: where bush doesn't like dr horton or lennar. the reason the gross margins are declining. the homebuilding industry is normalizing because no infantry is slowly being added. where bush says that the negative catalyst for these names. stuart: a fashion brand. lauren: the parent stock is down 20%. it is down 6% to 7%. smaller orders. stuart: petco not doing very well but now what? lauren: doubled down grade all the way down to sell. price target is up from $5. bank of america says petco...
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Apr 11, 2024
04/24
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lennar and kb home are trading below the 50-day trading averages. the kbe or s&p bank etf is breaking the worst day since january and down 2.4% this week. jpmorgan chase is down 1% this week and citi is off 2.5%. both report first quarter results tomorrow. check out m & t bank and u.s. bank. bowin both being down this week. and trump media is ticking higher today after sliding 9% yesterday. the stock is down 31% since the parent company of truth social merged with the spac late last month. >>> as jim cramer says, there is a bull market somewhere. you don't have to look further than energy. pippa stevens has more with us. >> energy was the lone pribrigh spot. despite the recent out performance, energy is the second best sector this year. barclays is the wall street firm that sees upside. the firm initiated coverage on the e & p with the positive view saying we believe the sector offers a better value proposition than ever before pointing to a fundamental change from business model from growth to returns and prioritizing value over volumes. barclays a
lennar and kb home are trading below the 50-day trading averages. the kbe or s&p bank etf is breaking the worst day since january and down 2.4% this week. jpmorgan chase is down 1% this week and citi is off 2.5%. both report first quarter results tomorrow. check out m & t bank and u.s. bank. bowin both being down this week. and trump media is ticking higher today after sliding 9% yesterday. the stock is down 31% since the parent company of truth social merged with the spac late last...
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lauren: they are higher because citigroup in pre-sing, pulte going to 137, lennar to 198 and told, 138 shy of one%. of the one how about in phase lauren: downgrading to neutral off 6%. they see a slower pace of inventory reduction meaning not much demand for solar equipment. stuart: back to the economic news of the day, the jobs report. 330,000 jobs added to the economy in the month of march, the employment rate did come down to 3. 8%. grady trimble at the white house, what they had ministrations saying? i assume they like it. >> reporter: we move to the labor department and we get president biden's statement when this is a sign that is economic plan is working. he didn't use the phrase bidenomics. bile accounts this was a strong jobs report and beat wall street expectations. look at the sectors that are seeing the biggest gain starting with healthcare leading with 72,000 jobs added. government right behind, 71,000 jobs added, leisure and hospitality is notable because it is back to pre-pandemic levels up 49,000 jobs in march, manufacturing was flat from the previous months. i asked ju
lauren: they are higher because citigroup in pre-sing, pulte going to 137, lennar to 198 and told, 138 shy of one%. of the one how about in phase lauren: downgrading to neutral off 6%. they see a slower pace of inventory reduction meaning not much demand for solar equipment. stuart: back to the economic news of the day, the jobs report. 330,000 jobs added to the economy in the month of march, the employment rate did come down to 3. 8%. grady trimble at the white house, what they had...
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Apr 17, 2024
04/24
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who are tan and lennar are below for the first time in many, many months. challenging the spositive momentum and the home builder survey and housing starts are suggesting that you're beginning to see weakening in demand. the spring season is not suggesting that it's going to be as strong as we witnessed in prior springs. so i think, to answer your question at the end of the month, we will rebalance the etf and we'll see what we do with the home builders. but they're certainly not what i like to call the green light scenario. there's certainly a yellow light. >> you raise an interesting point in that this backup in rates comes at a really interesting time for you personally, be because you're going to have to do your rebalance in the face of what has been a changing story that could change the momentum and already has in the market. you may be looking at things differently today than you were just three, four weeks ago as you approach your rebalance. >> momentum has appeared to roll over in the last several weeks. it really reached a crescendo in the last we
who are tan and lennar are below for the first time in many, many months. challenging the spositive momentum and the home builder survey and housing starts are suggesting that you're beginning to see weakening in demand. the spring season is not suggesting that it's going to be as strong as we witnessed in prior springs. so i think, to answer your question at the end of the month, we will rebalance the etf and we'll see what we do with the home builders. but they're certainly not what i like to...
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Apr 2, 2024
04/24
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lennar, horton, pulte down 5%. they're up about 50% since november. so you really got to keep this in perspective. these are a pretty modest declines here. there's a totally separate issue with healthcare hit hard on where the government will only allow a small increase in medicare advantage. 3.7%. that's a disappointment to the healthcare providers who wanted more. elevated utilization rates reported from these two. a bit of a double whammy with these stocks. that's a major story today. united health down 7%. one bright spot is energy oil over $85. new highs refiners have just been flying. phillips and valero, expiration, all hitting 52-week highs as well. so just wrap it up, look at the s&p 500. remember, on thursday, we hit an historic high. we are 1.3% below that historic high essentially. so just sort of keep that in mind, guys. the important thing is the market up trend is still very much in tech right now. back to you. >> despite the red on your screen today. we have been talking about commodities a lot today. when you see higher bond yields, t
lennar, horton, pulte down 5%. they're up about 50% since november. so you really got to keep this in perspective. these are a pretty modest declines here. there's a totally separate issue with healthcare hit hard on where the government will only allow a small increase in medicare advantage. 3.7%. that's a disappointment to the healthcare providers who wanted more. elevated utilization rates reported from these two. a bit of a double whammy with these stocks. that's a major story today. united...
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Apr 1, 2024
04/24
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>> the last few years lennar has gone from 286 million to 246 million. toll brothers, pulte, kb 87 million to 76. and dr horton 737 to 33 million. unbelievable. the share count reduction was what matter. not the yield curve. what were passive index fund, a company that wants to move its stocks up just needs to buy its shares aggressively. i checked a dozen industries this weekend, and the more of the companies bought back the stock, the higher the stocks went. sure, there were nvidia-like instances, but for the most part sectors where companies bought back stocks en masse were the better performers. why bring this up? the home builders were crushed because interest rates tore higher. while the markets technically overbought according to the oscillator that i follow, i think you should be a buyer of the home builders when we aren't overbought any longer as they have been a propensity to shrink the float on any one of these big declines. when i seek the executives, i hear the home builders are crushed. in part because housing builders are up from years ago
>> the last few years lennar has gone from 286 million to 246 million. toll brothers, pulte, kb 87 million to 76. and dr horton 737 to 33 million. unbelievable. the share count reduction was what matter. not the yield curve. what were passive index fund, a company that wants to move its stocks up just needs to buy its shares aggressively. i checked a dozen industries this weekend, and the more of the companies bought back the stock, the higher the stocks went. sure, there were nvidia-like...
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Apr 2, 2024
04/24
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not surprisingly you get 3%, 4% declines at lennar, horton. interest rates around the ceiling companies, plumbing companies a little weaker. the bright spot is energy. it's continued to outperform. every day i put up new highs in some energy companies and these are all new highs. 52-week highs at least. right across the board. the refiners like phillips and voe valero have been strong. occidental and pioneer have been strong, halliburton, the service companies have been strong as well. oil over $85 at this point. that's the highest level since october. new highs on all of them. just want to comment on some of the meme stocks that have been moving, particularly yesterday, we had trump media filing its 10k report. the company's revenue is $4.1 million for 2023. net loss of 5$58.2 million. the company says it plans to have operating costs into the foreseeable future. given the loss and low revenues, there's a fairly wide gap between the 10k and stock's valuation. trump media went public on march 26th, as high as $79. it's rallying a bit today her
not surprisingly you get 3%, 4% declines at lennar, horton. interest rates around the ceiling companies, plumbing companies a little weaker. the bright spot is energy. it's continued to outperform. every day i put up new highs in some energy companies and these are all new highs. 52-week highs at least. right across the board. the refiners like phillips and voe valero have been strong. occidental and pioneer have been strong, halliburton, the service companies have been strong as well. oil over...
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Apr 26, 2024
04/24
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houses and see what happens they don't do that anymore that's why toll had a good number, polulte, kh, lennar had good numbers >> that's been one of the features of the last few years >> they have discipline. >> strength of the home builders even with a significantly enormous -- 550 basis point rise in rates >> we're building half as many homes as we did when we were a country of 150 million people. >> we're underbuilt, underhoused. >> you're on today >> oh, yeah. it's a big friday here you guys look great in those nice ties. beautiful. wow. >> you should wear a t-shirt it protects the shirt. >> a t-shirt i'm not a t-shirt guy. >> you always -- i learned that at goldman they sent me home the first day and said, where's your t-shirt you don't work here without a t-shirt. >> i'm learning too much >> they said, go to century 21 i said, yeah >> when we come back, as jim and david mentioned, micron's chief, sa on the billions his company is set to receive in this chips act funding. >>> meantime, premarket looking pretty good, although dow remains on pace for the worst month since september of '22
houses and see what happens they don't do that anymore that's why toll had a good number, polulte, kh, lennar had good numbers >> that's been one of the features of the last few years >> they have discipline. >> strength of the home builders even with a significantly enormous -- 550 basis point rise in rates >> we're building half as many homes as we did when we were a country of 150 million people. >> we're underbuilt, underhoused. >> you're on today...
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Apr 1, 2024
04/24
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lennar kept buying, kb, they just bought. horton. look at that. we're in a fed -- in the most aggressive fed tightening schedule, and this group has been amazing. they've stood there and bought back stock because the stock is cheaper than land. there you go. >> it's worked out well. >> yeah, worked out well. i was with a group of people who were close watchers of our show yesterday, and they know dave and i hadn't been together, and they were saying -- >> are you okay? >> they were going to say, how mean is he going to be? i said, he's not mean, he just doesn't laugh at what i say. one young person said, he doesn't pay attention to what you say. >> that is not true. i laugh when you're funny. >> what did jensen huang say when i told him i was a dollar sign represented by a man. i said, that was supposed to be fun. and he goes, "super funny." laughed on the inside. >> see? i'm laughing. >> speaking of nvidia, needham goes up to $850. just the latest of target increases. >> nvidia is -- there are a lot of companies that are trying to get in on the n
lennar kept buying, kb, they just bought. horton. look at that. we're in a fed -- in the most aggressive fed tightening schedule, and this group has been amazing. they've stood there and bought back stock because the stock is cheaper than land. there you go. >> it's worked out well. >> yeah, worked out well. i was with a group of people who were close watchers of our show yesterday, and they know dave and i hadn't been together, and they were saying -- >> are you okay?...
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Apr 10, 2024
04/24
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dr horton, lennar, pulte group. home depot is down about 2%, and that's driving the downside force in the dow right now, and the dow jones, u.s. home construction etf ticker itb is also off roughly 3.5%, so keep an eye on the home builders. also now, watching another key part of the market, rate sensitive as well. check out what's happening with big banks reporting earnings throughout the course of the week. you've got jpmorgan off 1%. bank of america, citigroup, wells fargo, pnc financial, some of the more traditional lenders that have more money center operations. and by the way, andrew, if you want to look further, check out what's happening with gold prices and bitcoin as well. they're showing signs of volatility on that inflation print as well. >> thank you for that. >>> meantime, joining us right now for a deeper look at how the fed will be looking at the new cpi data, former fed governor for michigan, now a cnbc contributor. i'm going to read you this. this is jason faturman. he says, "overall, it's a mystery
dr horton, lennar, pulte group. home depot is down about 2%, and that's driving the downside force in the dow right now, and the dow jones, u.s. home construction etf ticker itb is also off roughly 3.5%, so keep an eye on the home builders. also now, watching another key part of the market, rate sensitive as well. check out what's happening with big banks reporting earnings throughout the course of the week. you've got jpmorgan off 1%. bank of america, citigroup, wells fargo, pnc financial,...