. >> love lennar and kb. >> thank you very much.ore we go to break, we have to look at the markets. we are sitting on session lows right now. in fact, the dow down 105 points. one of the few triple digit down days we have seen so far. 28 of the dow 30 are indeed down. a lot of headlines coming from greece, party politicians of all shapes and colors saying let's do this, let's do that, will germany give them the money, or not? will the riots continue? we're not talking a lot about greece this hour, but folks it's out there and you must pay attention to it. that said, on this date in 1965, the canadians introduced the now famous maple leaf flag. since we love our neighbors to the north, they're not just america's hat. we're going to look at the best performing stocks that hail for the great white north. and we're airing our own dirty laundry on "street signs." we're going to look at dirtiest shirts in the clean basket of stocks. "street signs" back after the break. ♪ ♪ [ male announcer ] not everything powerful has to guzzle fuel. the

>> my favorite would be lennar.if you look at lennar on the charts here, you've got a stock that's broken out. this is a longer term formation. obviously a climactic low down here. same type of base formation. looking at getting it together. going to the next level. i like lennar from, again, a cyclical perspective. i don't think you're getting back to the old highs. in the next six, nine months, there are decent -- >> so you've got to be patient as the repair work is done, to put it in those terms, right? >> remember, ten years ago, there were probably five home building analysts on the street. so it's gone through a whole cycling. i don't think it will ever get back to where it was. it's going to be a mediocre play for a long, long time, the stocks will be. but i think you could make a little money. >> jeff, good to see you. thanks for joining us. great job on the telestrator, too, by the way. >> thank you. >> up 28 # points on the dow jones industrial average. money is moving into technology yet again. the dow tr

he says, look, the earnings quality at lennar is flashing a big warning.says that any improvement in earnings is not being confirmed by cash flow. instead he said the earnings of this company are being helped by tax benefits while cash flow is being hurt by lost tax refunds and significant inventory growth and does not like the way they're reclassifying inventory on their balance sheet to fixed assets. i have to tell you, look, this is not the only company -- the housing company that faces this. the industry's come through a lot. chuck does look at the accounting though. you have to pay toenattention t accounting. although lennar is a very well-liked stock on wall street. >> did you see the chart just a moment ago? the 12-month chart the september/october lows. there you go. it along with many other housing stocks has done very well. optimism is being built into this sector. >> keep an eye on the quality of earnings though. that's all. >> we will do. >> they mean something. >> they do. thank you, herb. coming up, our sunshine and disaster stocks. and also

some competitors like lennar for instance where we went neutral on the stock a couple months ago, really the call was they're already performing well from an operating perspective. with pulte it's volume and operational excellence. they have to drive more margin expansion relative to peers. >> quickly, where would it get to a price point that would be too rich even for you, david? >> i mean, 10%, 15% upside from here you would certainly be getting levels you would be more in line with the rest of the peer group. >> fantastic. david, thank you for joining us. >> thank you very much. >> stay with housing. some provocative words from real estate mogul on "squawk box" talking about what he calls a mortgage moral hazard. listen. >> we are the only country in the world where you can borrow money on a house and walk away from it. by virtue of not being a person reliability, we've created a moral hazard. >> rick santelli in chicago as well as steve liesman here onset. steve, what did you make of what sam had to say? he's slamming the system. >> you know, i think he's got a point there. but the r

lennar and pul hom each jumped more than 7%. these stocks are at new 52-week highs, and appliance maker whirlpool added another 6.5%. shares began this week at $54, and tonight they're just below $69. quite a week for w-h-r. in the drug-making business, the pipeline of new medicines is vital for growth. gilead sciences has gotten some encouraging news regarding a hepatitis c treatment. the medicine was part of an $11 billion buyout of pharmasset gilead completed in january. shes of gilead st up 11% to a new 52-week high. shares have doubled since first announcing its pharmasset purchase. but optimistic early trials of the hepatitis c medicine sent shares of competing drug developers lower. identix fell 11%. achillion and vertex pharmaceuticals were down 5% and 4% respectively. finally, in the commodity market, we saw cocoa, copper and cotton stage decent rallies. the strong jobs data helped the overall commodity picture. with more jobs comes more demand. cocosupplies from west africa are expected to fall copper is close to its h

lennar is here today. thank you for being here. jackson. pacific. hei capital. bank of america. tenants union. coming together to join all of us to make this effort genuinely open for dialogue and for hopefully reaching an agreement again so that we can house our middle-class families and make sure that we represent everybody can have housing for everyone in the city. with that, i would like to ask members of our board of supervisors to join with me on this. president chiu. [applause] supervisor chiu: thank you, mayor lee. i am really happy that we have represented to a really a wonderful spectrum of folks that care about a topic of folks that i think we all have been talking about for quite some time. mayor lee referred to the proposals he put out last year on the campaign trail. i can tell you that every candidate last year was talking about the importance of affordable housing. it is time to move beyond talk, though, to figure out what the solutions are, but something on the ballot, and get it done. i want to thank all my colleagues who are here. i know supervisor wiener has

years, attending some of our town hall meetings, but she did not support us against glenarden -- lennar, who has been instrumental in killing our children slowly and instrumental in killing our elders. so if somebody wants to put in the center, and somebody wants to do something like this, there are the areas. not one meeting was held in the public. and when i spoke here on monday and some people jump on me, that i got calls from various people saying, how come they do this? we have people sitting here in this room, not in the audience but on the other side, who always say they want to be transparent, but they are not transparent. so, chair person eric mar, i have known you for a long time, and i have always admired you when you stood for the rights, and you did support our community. [bell rings] ahmadinejad in this case, we cannot take our children to this area. there are millions of vehicles spots. millions of vehicles next to the tracks. single mothers cannot get easy access to this space. we can find another place, but not this place. and you should do the right thing. thank you ve

we don't need housing to recover anywhere near the pace the stocks are implying for lennar and toll.asked david here. we're at all-time lows right now for mortgage rates. why isn't demand better? am i misreading that, or is it, as you guys are suggesting here, it's the banks that are reluctant to loan at these rates even at this point? >> you know, it's not just the banks. it's the broader mortgage market. conditions have tightened to some extent. you need to have a 640 or 650 fico if you want to do a low down-payment loan. the issue really isn't affordability, yeah, rates are very low, the issue is availability of mortgages. >> in other words, mortgage -- lenders are being more responsible than they were before. >> which is a good thing. >> the question is, being overly conservative or properly con receiver tiff. >> i'm going through a refi right now, and i have an approved credit score, but lots of documentation. there are a lot of hoops to jump through. it's very offputting. >> you have the putback issue on the banks and rates are too low to put them on the balance sheet. you don'

pulte, lennar, building momentum posting solid gains in what is a very lackluster market.esterday on "fast money," the man at the helm of toll brothers gave us an indication of why these stocks are climbing. >> so far so good. we feel about the best we have in five years. not only are orders up 45% for our first quarter, which ended the end of january, but the first three weeks of february we're seeing orders up 43%. >> so if builders are getting more bullish, does that mean that we could be on the cusp of redecorating and getting a redecorating recovery? running ethan allen interiors joins us from the consumer confidence in new york. great of you to join us today. looks like the home builders are doing well. to what extent will this translate into more demand for home furnishings? >> well, good to be on your program. certainly we have seen an improvement in consumer confidence. we have seen it gradually in the last six or nine months. and i believe that the news is good because of the fact that there is a greater interest in homes. and also we have cost benefitting not on

investors not liking thachlt shares of lennar are higher by more than 2.4% or so gaining on those bettern expected pending home sales numbers. now, before we move on to the metal market close, tiffany has developed a new metal by combining gold, silver and copper. the high-end jeweler is calling the alloy rubedo latin for redness. you can see some of the examples. sure, gold is trading above $170 an ounce. silver though as you can see about $35 an ounce. and copper just about $3.90 a pound. that 1837 ultrawide cuff retails for $7,500. gold and metal prices are getting ready to close right now. let's go to sharon epperson live at the nymex. >> that looks like a piece of jewelry i would like to have, courtney. we are looking at gold prices right now that are basically closing almost flat. down just about $2 right around $1774 an ounce. keep in mind we saw the big gain in commodities across the board including gold. and a lot of that had to do last week with the increase in mine positions. and that for gold was up about 10% just in the past week and at highest levels we've seen since septem

new highs in lennar. i'm the son of a home builders, i grew up in the spring home-buying season.r's projects, i was a laborer, i was a carpenter's assist bt throughout the 1970s. >> melissa, i want to jump in. bob, you mentioned about the s&p tech sector. i know you were probably one of the first, if not the first to coin this apple being its own asset class. take a look at the nasdaq today. apple is actually representing 90%, 9-0% of the nasdaq's gain today. talk about being its own asset class? that's all you need to say. >> i think we have to talk about tech x apple routinely now and. >> or the markets x apple. should we be talking about the s&p 500 x apple? >> melissa, correct me if i'm wrong, but did you not first, and i think you really did, make that point a long time ago, that apple was really its own asset class, as far as portfolio managers looking at their portfolio, it was apple and everything else? >> when you got a $500 billion company, what are you going to do? one other comment about a hot sector right now. you want to know what's on fire? the hmos, medicare compa

lennar development at candlestick park. i think they will recognize that and come back. >> was there anything magical that happened in your district as a result of the world series? >> i imagine there were a lot of districts in district 7 he sat and cried when they watched the celebration like i did. i think those are the magical moments. a lot of parents and children region that whole week of the world series was one i will never forget, particularly the day of the parade. it was not just my district. that was a magical time for this region. >> in your regdistrict, deal have any particular projects to give us insight on? >> one was a basic infrastructure thing that was a big deal. san francisco circle. not a lot of people realize that more cars travel through one of those intersections than any other in san francisco. we had to shut that down and completely rebuild the intersection for the muni winds utilities, and overheads. we pulled it off. we got through it. now we have pedestrians walking through safely. we have the t