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Apr 13, 2023
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the oh, lennar, they won't know -- they won't know.ow how long they've been at this do you know how they could ride right through this period? and you're only four points from your 52-week high and all the way down i want to thank stuart miller. the beginning of his conference call is four pages of everything you ever needed to know about housing. he's the executive chair of lennar thank you so much for coming back on the show >> thank you, jim. good to be here. >> "mad money" is back after the break. >> announcer: coming up, cramer takes your calls and the sky is the limit. it's a fast fire lightning round next - double check that. eh, pretty good! (whistles) yeek. not cryin', are ya? let's tighten that. (fabric ripping) ooh. - wait, wh- wh- what was that? - huh? what, that? no, don't worry about that. here we go. - asking the right question can greatly impact your future. - are, are you qualified to do this? - what? - especially when it comes to your finances. - yeehaw! - do you have a question? - are you a certified financial planne
the oh, lennar, they won't know -- they won't know.ow how long they've been at this do you know how they could ride right through this period? and you're only four points from your 52-week high and all the way down i want to thank stuart miller. the beginning of his conference call is four pages of everything you ever needed to know about housing. he's the executive chair of lennar thank you so much for coming back on the show >> thank you, jim. good to be here. >> "mad...
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Apr 20, 2023
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the strength here propped up the whole cohort including cramer faves lennar and toll brothers this isow obvious some of this can be just a couple weeks ago we had stuart miller on he's the executive chair of lennar i've known him for ages. he told such a great story but did anyone even listen nah. today lennar's sitting at a 52-week high and what can i say next short target in a recession, don't we always short the autos? the autos. anything car-related gets killed, right? including repairs? how about snap-on, which makes tools for maintenance shops? the biggest gainer in the whole s&p 500 today, up nearly 8%. has the world gone insane? no, zmapon's just a well-run company and the company's in better shape what else? oh, this is another group you've got to sell. the semiconductor capital equipment group because -- billions of dollars when you put them all together. it's incredibly cyclical when the economy's in bad shape their orders always fall off always but today lam research was the second biggest gainer in the s&p 500. why? because last night taiwan semiconductor one of the world
the strength here propped up the whole cohort including cramer faves lennar and toll brothers this isow obvious some of this can be just a couple weeks ago we had stuart miller on he's the executive chair of lennar i've known him for ages. he told such a great story but did anyone even listen nah. today lennar's sitting at a 52-week high and what can i say next short target in a recession, don't we always short the autos? the autos. anything car-related gets killed, right? including repairs?...
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Apr 14, 2023
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we heard from lennar which told us strong stories. i want to know what dr horton, the largest builder in the country has to say. i bet they will tell us business remains on fire. i wouldn't be surprised to hear if the story is better than expected just like the carmax was tuesday and not what they want to see or hear. i like union pacific and i want to hear about the different parts of how businesses are doing within this. we also need to know about a new ceo. no process by which they parted ways. it makes me a little queasy. i don't know about you. what really happened? i have no idea. we get results from newport, too. i wonder if there could be a further number cut from when they preannounced not that long ago. i would be a byard -- a buyer of the stock, not a seller. on friday we hear from proctor and gamble. i think they are making tailwinds out of headwinds and so many different currents and even surfactants. many people i met were skeptical not that long ago. i will do another one this weekend. it will be the same. there is a re
we heard from lennar which told us strong stories. i want to know what dr horton, the largest builder in the country has to say. i bet they will tell us business remains on fire. i wouldn't be surprised to hear if the story is better than expected just like the carmax was tuesday and not what they want to see or hear. i like union pacific and i want to hear about the different parts of how businesses are doing within this. we also need to know about a new ceo. no process by which they parted...
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Apr 14, 2023
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but then i've got -- i had stewart miller on last night, the executive chairman of lennar, one of theop three home buildsers in the country he said, if you're looking for our industry to be hurt by this, forget about it. some people are insensitive to rates. they want to get out of their parents' and have their own homes. if the fed is keying on homes, then the fed has to tighten more every time they tighten, the loan rates go down it's a losing battle to try to cool housing it's just a losing battle. the municipalities won't let you build like they used to. stop focusing on housing start focusing on wage growth. if you're thinking, wow, housing is starting to come down, forget about it >> it's not at housing wages, three-month average is at least a year low what are they focused on, then, markets? >> well, i think the -- i think they're still focused on how much it costs to just live day-to-day david, i think they're focused on the supermarket restaurants. they're focused on what it costs to run a car, what your daily life is, and your daily life is more expensive than it was three y
but then i've got -- i had stewart miller on last night, the executive chairman of lennar, one of theop three home buildsers in the country he said, if you're looking for our industry to be hurt by this, forget about it. some people are insensitive to rates. they want to get out of their parents' and have their own homes. if the fed is keying on homes, then the fed has to tighten more every time they tighten, the loan rates go down it's a losing battle to try to cool housing it's just a losing...
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Apr 20, 2023
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that's giving a halo effect to names like lennar and even masco, delta faucets, up 2.5%. u.s.e construction up 2.5% a lot of green with regard to that single family home trade. and the s&p, at&t shares down about 10% right now. at&t comes out with slightly better than expected results for profits. slight they'll miss on revenues, but it was the free cash flow that has everybody more worried about what's happening at&t did, kelly, reaffirm its full-year free cash flow targets out there. it did gain some wireless subscribers, lost some on broad band at&t, the stock of the day back to you. >> you can imagine all the people in it for the dividends well, there goes my annual dividend yield for the day >> and it is peskier than it was before we'll see if it can stay that way. >> dom, thank you. >>> let's look at some of the other weak data we got today the philadelphia fed manufacturing index, down for the eighth straight month in april, or contracting, and it hit negative 31 today. jobless claims continue to rise. they were up to 245,000 last week continuing claims have risen by 50
that's giving a halo effect to names like lennar and even masco, delta faucets, up 2.5%. u.s.e construction up 2.5% a lot of green with regard to that single family home trade. and the s&p, at&t shares down about 10% right now. at&t comes out with slightly better than expected results for profits. slight they'll miss on revenues, but it was the free cash flow that has everybody more worried about what's happening at&t did, kelly, reaffirm its full-year free cash flow targets out...
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Apr 11, 2023
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housing-related stuff there's no new highs here but pulte has been strong the last few days we've seen lennarng, whirlpool strong, mohawk moving up so, carl, you get the combination here of some moves up consumer discretionary as well as moves up in deep cyclicals, industrials and material names and you have suddenly the making of a nice little rotation. tech is a little weaker but not dramatically weaker. the volumes do not indicate are selling in a tremendous way. just a little less buying interest in tech overall, very good outlook going into earnings season. >> i was going to say, last three earning cycles, bob, market has done pretty well on the front end of it. we don't talk a lot about the seasonality about how strong the month of april typically is. >> yes april is an extremely strong month. it's the number one month for the dow jones industrial average. it has been for a very long time then you get into the six-month period, may through october, which historically underperforms. right now, though, covid has messed these old indicators up so much that i pay a little bit less attention
housing-related stuff there's no new highs here but pulte has been strong the last few days we've seen lennarng, whirlpool strong, mohawk moving up so, carl, you get the combination here of some moves up consumer discretionary as well as moves up in deep cyclicals, industrials and material names and you have suddenly the making of a nice little rotation. tech is a little weaker but not dramatically weaker. the volumes do not indicate are selling in a tremendous way. just a little less buying...
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Apr 21, 2023
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despite the fed's attempt to blast inflation i bet homes will be very good but not as good as dr or lennar. we have had a lot of silicon valley layoffs i expect many more we have something very revealing coming from raytheon the company's executives have been black listed from china are they threatened by this? china's got a p gigantic bargain from them. i have to know let's not forget, jeff marx and i host the cnbc investing club monthly meeting on tuesday where we run down all of your stocks and answer your questions about them hey, how about some winners? after the close chipotle and microsoft close. i think both will cause analysts to raise numbers the genesis of all big rallies chipotle heads to $2,000 if you talk about the revitalized search engine now that they're partnered with open ai alphabet reports at the same time same exact time. these companies have become sworn enemies. we'll find out how much from microsoft and ai maybe they'll finally announce some layoffs that are actually large enough to move the needle. that has not occurred yet from that company wednesday morning we f
despite the fed's attempt to blast inflation i bet homes will be very good but not as good as dr or lennar. we have had a lot of silicon valley layoffs i expect many more we have something very revealing coming from raytheon the company's executives have been black listed from china are they threatened by this? china's got a p gigantic bargain from them. i have to know let's not forget, jeff marx and i host the cnbc investing club monthly meeting on tuesday where we run down all of your stocks...
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Apr 11, 2023
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related stocks in the last few days are starting to peak out not new highs, but in an uptrend, horton, lennaro, whirlpool, mohawk doing better we're seeing defensive stocks like health care and consumer staple stocks, also contribute mccormick, general mills, kimberly clark and procter & gamble up more than 10% in the last few weeks combine defensive stocks combined with cyclical names you've got a rally and at the same time remember, tyler, tech down today, but not that much, so you get a gentle move up in the s&p 500. back to you. >> thank you very much >>> investors are gearing up for a critical cpi report out tomorrow morning inflation expected to drop to 5.2% year over year in march and 6% in february so if inflation eases, might the fed take a pause or is another quarter point rate hike ahead? phil orlando chief strategist. phil, welcome. good to have you with us i see that nominal number from 5.2% to 6%, but as rick santelli pointed out the core inflation number an expectation it may rise from 5.5 to 5.6 who knows what it does why would there be a disconnect between what overall inflat
related stocks in the last few days are starting to peak out not new highs, but in an uptrend, horton, lennaro, whirlpool, mohawk doing better we're seeing defensive stocks like health care and consumer staple stocks, also contribute mccormick, general mills, kimberly clark and procter & gamble up more than 10% in the last few weeks combine defensive stocks combined with cyclical names you've got a rally and at the same time remember, tyler, tech down today, but not that much, so you get a...
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Apr 18, 2023
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within the s&p 500, lennar, dr horton, all these up 2% to 3% in these trades here. and i'm not going to put stars next to them, but yellow check marks, because they both hit 52-week highs today. and so keep an eye on those home builders and then one other stock that's moving to the upside in the market, nvidia suis up 3% right now. it's been a momentum trade this year, up about 20% over the last 12 months. but today, analysts at hsbc, who were big bears on nvidia, have issued a mea culpa, from what was in essence to a sell rating to a buy they think that the ai, artificial opportunity, kelly, far outweighs any concerns they had about data center weakness so nvidia shares up 3%, one of the reasons why. i'll send it back to you >> all the buzz. dom, thanks. >>> the better the markets rally gets this year, the more it's hated. the s&p 500 is up 8% since january, but fund managers have been the most bearish they have been all year. bond allocation, get this, has reached its highest since march of 2009. even in real estate, investors are the most bearish since july of 20
within the s&p 500, lennar, dr horton, all these up 2% to 3% in these trades here. and i'm not going to put stars next to them, but yellow check marks, because they both hit 52-week highs today. and so keep an eye on those home builders and then one other stock that's moving to the upside in the market, nvidia suis up 3% right now. it's been a momentum trade this year, up about 20% over the last 12 months. but today, analysts at hsbc, who were big bears on nvidia, have issued a mea culpa,...
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Apr 20, 2023
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horton, lennar, they have big mortgage operations.l: right. >> i think when it comes to the builders they will be very, very careful, neil, this time around. neil: we hope so because it hurts everybody if they're not. bill pulte, great catching up with you thank you. >> you too, neil. see you soon. neil: meantime space accident. , a giant rocket, the biggest, tallest, okayket we rock wet we have ever seen, has a problem, a big one. but it was only a test flight. after this. ♪. you can't buy great conversations, or excuses to unplug. you can't buy possibilities, and you can't buy moments that matter. but you can invest in them. at t. rowe price we believe your investments should work harder for the future you imagine. and that's where our strategic investing approach can help. t. rowe price, invest with confidence. ♪ ♪ the vehicles are all-electric. the feeling is all mercedes. the choice is all yours. see your dealer for exceptional offers today. >> woman: why did we choose safelite? we're always working on a project. while loading up
horton, lennar, they have big mortgage operations.l: right. >> i think when it comes to the builders they will be very, very careful, neil, this time around. neil: we hope so because it hurts everybody if they're not. bill pulte, great catching up with you thank you. >> you too, neil. see you soon. neil: meantime space accident. , a giant rocket, the biggest, tallest, okayket we rock wet we have ever seen, has a problem, a big one. but it was only a test flight. after this. ♪. you...
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Apr 11, 2023
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lennar specializes in first home purchases and one step up purchases.in the housing market for a long time to come. >> i'm curious what, if any, role does what's happening with banks and future tightening of credit play in your outlook? >> we're all trying to handicap whether they're going to get a recession and how much rates are going to rise. the tensions in the bank industry certainly feed into that narrative what we have to do along with the fed is wait to see how tight lending conditions have become and how much that might impinge upon economic activity wurn thing we do know, there are a lot of companies out there with very strong balance sheets who have the cash, who can continue to invest in expansion of their manufacturing capabilities, their services, et cetera it isn't like we would expect to see a broader deep recession should those lending conditions tighten a lot further. it does, though, speak to the idea that you've got to be very selective anywhere you look for opportunities in this market look for the companies with the good balance sh
lennar specializes in first home purchases and one step up purchases.in the housing market for a long time to come. >> i'm curious what, if any, role does what's happening with banks and future tightening of credit play in your outlook? >> we're all trying to handicap whether they're going to get a recession and how much rates are going to rise. the tensions in the bank industry certainly feed into that narrative what we have to do along with the fed is wait to see how tight lending...
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Apr 13, 2023
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you want charts, look at lennar and lamb westin. is an amazing person who is following in the -- in his father's footsteps. leonard miller one of the home companies. i can't wait to speak to these guys they have their stocks higher. in the long term and short term, the market works. >> wow eyes and ear. >> met with rates going higher, how do you try yuf like that you're better than everybody else. >> see you tonight. >> yeah. >> "mad money" at 6:00 p.m. eastern time take a break here with the indices pretty much close to the flat line. n'gonyere. conventional thinking delivers conventional results. at allspring, we break away with purpose. harnessing data-driven insights and boundless curiosity. we dissect the market from every angle. helping to build portfolios that redefine what's possible. because investing isn't one size fits all. allspring. purposefully divergent. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sel
you want charts, look at lennar and lamb westin. is an amazing person who is following in the -- in his father's footsteps. leonard miller one of the home companies. i can't wait to speak to these guys they have their stocks higher. in the long term and short term, the market works. >> wow eyes and ear. >> met with rates going higher, how do you try yuf like that you're better than everybody else. >> see you tonight. >> yeah. >> "mad money" at 6:00 p.m....
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Apr 3, 2023
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lennar, kph, they've all been told, all very disciplined, and so dh horton, disciplined. i would have liked to see more road building, but there will be, yes, i.r.a. is going to have it so there will be more paving >> yeah. markets hanging in there s&p up a couple points ism at the top of the hour, but first, manufacturing pmi let's get to rick santelli >> yes, carl, s&p global, the u.s. manufacturing pmi, this is a march final, so of course, we will replace the mid-month read, which in this case was 49.3, and we'll replace it with 49.2, which means we still have five consecutive sub-50 reads in a row, and this is the lightest number, 49.2, well, just since february, when it was 47.3 we haven't been above 50 since october of last year and we have more isms, pmis that come from the ism. we'll have manufacturing, price to pay, employment, new orders all at the top of the hour we see interest rates tick down just a smidge, but all maturities are higher in yield, lower in price than friday "squawk on the street" will return after a short break >>> still to come. scott wapner
lennar, kph, they've all been told, all very disciplined, and so dh horton, disciplined. i would have liked to see more road building, but there will be, yes, i.r.a. is going to have it so there will be more paving >> yeah. markets hanging in there s&p up a couple points ism at the top of the hour, but first, manufacturing pmi let's get to rick santelli >> yes, carl, s&p global, the u.s. manufacturing pmi, this is a march final, so of course, we will replace the mid-month...
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Apr 11, 2023
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have bounced back housing related, sara mentioned doing a lot better modest breakouts in horton and lennar highs, whirlpool had a couple good days, mohawk, all housing related and looking stronger the modest lag in techs, given how much they have rallied recently, it's nice to see a little rotation and it was at the open three to one advancing to declining stock what strikes me is how gloomy everyone was, you were right, asking kostin, you looked like you were going to downgrade the whole s&p 500, and he demurred on that. but this morning, everybody is tripping all over themselves trying to downgrade their expectations brian belski, come on, he's been an optimist for years and years, this morning has a 4300 year end price target we believe it will be difficult for stocks to finish this year near the all-time highs. >> don't be cynical. >> watch when guys who are always bullish turn on you. >> that's my point. >> that's my point. >> i'm being serious belski is always bullish. >> i know. everybody. chris harvey, listen, also got a 4200 price target. we believe the risk-reward over the next s
have bounced back housing related, sara mentioned doing a lot better modest breakouts in horton and lennar highs, whirlpool had a couple good days, mohawk, all housing related and looking stronger the modest lag in techs, given how much they have rallied recently, it's nice to see a little rotation and it was at the open three to one advancing to declining stock what strikes me is how gloomy everyone was, you were right, asking kostin, you looked like you were going to downgrade the whole...
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Apr 25, 2023
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. >> it's a housing shortage i had lennar on ten days ago at 102.ion homes send me an invitation to your funeral if you're short these stocks the great jim fisk said it. >> i've got one that we haven't mentioned at all, up 10%. >> what? >> spotify >> well, the signups are dramatically better. >> their engagement was -- it's never been higher. >> 545 million versus 501 expectations. >> in terms of monthly average users. >> it's gigantic they're also raising the prospect of future price increases which is encouraging people because, of course, that's what they set up. not necessarily in the u.s., but other parts because the average price is still in the 4s that people pay i pay 15 bucks a month, but i guess a lot of people don't. so very much encouraging advertising obviously not as strong perhaps but strong -- not a strong market, but an important component for them still in terms of percent of revenue, right around where it has been >> let's say you have a command of a lot of people, winning four of ten nights of tv and suddenly you don't have a sho
. >> it's a housing shortage i had lennar on ten days ago at 102.ion homes send me an invitation to your funeral if you're short these stocks the great jim fisk said it. >> i've got one that we haven't mentioned at all, up 10%. >> what? >> spotify >> well, the signups are dramatically better. >> their engagement was -- it's never been higher. >> 545 million versus 501 expectations. >> in terms of monthly average users. >> it's gigantic...
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Apr 20, 2023
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we see pulte and lennar.ies reporting for the s&p, almost 20%. 4.9% beat on the earnings overall. it's not bad but it's not as good as it was a couple of days ago. q2-q2 stable but estimates not as good as they were even two days ago. >> we'll see if the market keeps skating by bob pisani. >>> that does it for this hour of "squawk on the street." stay with us for the next hour >>> good thursday morning. welcome to another hour of "squawk on the street. i'm carl quintanilla and sara eisen. setting the agenda, bernstein remaining bearish on tesla after what he calls a meaningful shift in rhetoric. >>> plus, citi's nathan sheets pushing back the timeline for recession in the u.s he joins us to
we see pulte and lennar.ies reporting for the s&p, almost 20%. 4.9% beat on the earnings overall. it's not bad but it's not as good as it was a couple of days ago. q2-q2 stable but estimates not as good as they were even two days ago. >> we'll see if the market keeps skating by bob pisani. >>> that does it for this hour of "squawk on the street." stay with us for the next hour >>> good thursday morning. welcome to another hour of "squawk on the street....
SFGTV: San Francisco Government Television
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Apr 26, 2023
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of block 52 across from our affordable project a market rate home ownership project developed by lennarh 77 units total with 9 being affordable to households 80 percent ami. also mission bay south block 9 is 140 unit permanent supportive housing. this project has a operating subsidy for city subsidy program which allows for deep income targeting of 30 percent or below on all units. here is more renderings. on top is block 52 and on the bottom is block 9. moving to marketing. ocii contracting with mocd to oversee marketing. provides marketing out pp come reports. ocii closely coordinates through our senior development special pam simms particularly around the occupancy preferences. certificate of preference holders including descendants of cop holders are first, then displaced tenants housing preference formally the ellis act housing preference and applied to up to 20 percent of units and then the neighborhood residents housing preference is applied to up to 40 percent of units or up to 25 percent of units if the project includes state funding. in fiscal year 21-22, one project achieved
of block 52 across from our affordable project a market rate home ownership project developed by lennarh 77 units total with 9 being affordable to households 80 percent ami. also mission bay south block 9 is 140 unit permanent supportive housing. this project has a operating subsidy for city subsidy program which allows for deep income targeting of 30 percent or below on all units. here is more renderings. on top is block 52 and on the bottom is block 9. moving to marketing. ocii contracting...