>> i've been in lennar -- >> lennar. >> not right now. pulte is your entryway into the home builders, but dhi is your contrabet that when the market does turn on interest rates, you'll see this one pop. >>> there's a lot more "fast money" to come. here's what's coming up next. >> has tesla lost its magnificence? analysts unplugging, as shares hit ten-month lows. but is all the negative ev talk overdone? the electric debate, next. >>> plus, the clock nearing midnight, and tiktok's fate is hanging in the balance. the latest on the bill that could see time run out for the chinese social media app in the u.s. you're watching "fast money," live from the nasdaq market site in times square. we're back right after this. whatever they may be. all that planning has paid off. looks like you can make this work. we can make this work. and the feeling of confidence that comes from our advice... i can make this work. that seems to be universal. i can make this work. i can make this work. no wonder more than 9 out of 10 clients are likely to recommend us

. >> earnings from oracle and adobe and lennar, smattering of specialty retail. the oscars on sunday. let's get to the judge. >>> carl, thanks very much. welcome to "the halftime report." i'm scott wapner. front and center this hour, new records for stocks. the resilient rally continuing, although it's very interesting this hour as we come on the air. the investment committee debating the road ahead. we'll document all of them. joining me joe terranova, stephanie link, shannon saccocia, jason snipe. good to have everybody with us. a different market picture as we come on the air. the nasdaq has gone red, interesting selling that we'll document. i'm trying to figure out, guys, steph, what we learned this week, right. so the economy is humming, humming along, cooling a little bit. jobs beat, unemployment rate goes up. wage growth moderating. january jobs revised lower. the fed will cut. we learned that, too, right? powell said as much. yields are at a one-month low. the ten year was falling today and the rally, as i said, up until a few minutes ago, at least alive

hard to find a better one than lennar. now, as usual executive chair and co-ceo will give us info on the industry, i can predict what he is going to say, tremendous orders, spring work. this thing is a horse. thursday morning the dollar star love affair continues this time it is with dollar general that brought back the much loved ceo. now, memo to take, fill the aisles at my general dollar. now, i bet it will tell a story of price-cutting. we hear from another company that is hot stock and that is dick's sporting good. long favorite of cramer, by the way. went from 100 to 181. too hot, let's be careful. at the close we get the most quarter at the week. adobe, 630 to 551. highly unusual decline for this stock. if it keeps falling thanks to enterprise stocks it could be a buyer opportunity. sell buy i get it with my daughter. incredible. especially good for maland medium businesses that want dynamite websites it makes you look like a big company. then, want a roller coaster? hop on the ulta beauty call. we had them on if yo

shares of lennar in the red.ns in focus tumbling amid significant pricing pressure for the company with the average sales price for deliveries coming in below what analysts expected. robinhood shares popping after the company reported a surge of activity in february. trading volume up 41%. today's gains helping the stock officially double over the last year up more than 6%. watch citi today. the bank getting upgraded to buy. goldman sachs saying shares look compelling at this level right here. the stock up 13% this year. less than 1% from its 52-week highs under the slightest bit of pressure this morning along with the broader market down about 0.5%. >> january's number was unchanged. we also didn't mention jobless claims earlier this morning, 209k with a revision down in continuing claims, but it's that ppi number that's the headliner today. >> yeah. another headliner is shares of tesla which continue their decline down 2.5%. that's about a ten-month low and the biggest laggard in the s&p 500, at least so far th

lennar basic on estimates for its first quarter.uction company beat expectations, stock is down 7.5%. microsoft hitting a 52-week high after announcing expanded its partnership, the company that helps consolidate data in 5 more regions bringing the total to 15 worldwide, microsoft announcing its ai product will be available by next month. shares hitting all-time inter-day high. the stock is up 2%. lithium america is moving higher receiving 2.6 billion in financing, for the processing plant in nevada where they plan to use 40,000 metric tons per year. the stock is up 3.5%. tiktok influencers could soon start to sweat if the popular apps refuses to sell itself, could be banned over its ties to china. we want to find out if the senate will take up the house bill. it is not charlie gasparino. here's a look at the s&p 500 leaders at this hour. microsoft up 2%. "the claman countdown" coming right back. that your customers need to know about. constant contact makes it easy. with everything from managing your social posts, and events, to em

. >>> shares of lennar fall. >>> fisker set to wipe out half of the market value at the open as it consideringhe startup warns it could run out of cash this year. >>> and reddit expects to grow 20% this year. it first became profitable in the fourth quarter of last year. >>> shares of u.s. steel rebounding after closing down 13% yesterday for the worst day in four years. this move comes as president biden is expressing a concern of the deal of nippon steel. >>> and we get jobless claims and retail sales figures before the open. investors are keeping a close watch on the inflation data coming off the hotter than expected cpi report this week and we are looking at futures in the green across the board. the dow would open 150 points higher. for more on the trading day ahead, let's bring in victoria fernandez. good morning. >> good morning. >> i want to get your take on the action. the dow on the three-day winning streak and s&p and nasdaq falling in three of the last four days. futures in the green now. what do you think about all this action? >> we have seen volatility in the market the last cou

paul: lennar putin two years has not been able to subdue ukraine and nobody that i know thinks he woulda confrontation with nato. what are you talking about in terms of chronology? he would have to subdue ukraine, and what timeframe are you talking about where he and his military and economy would be capable of taking on nato? >> a couple things. it wouldn't be imminent. it would be three to five years likely. i'm not convinced it would be an all-out invasion. it would be something like hybrid warfare which gives nato the option to decline. we saw that when he annexed crimea and into eastern ukraine, doing those hybrid forces and dissolve the problem russian minorities are having in a baltic state or eastern european state under the guise of attaining stability for people connected to russia which he did in crimea and occupy that territory and force article 5 or walk away. that is a likely scenario. so yes, if we had to go to war with russia and it is a full out war with all their capabilities, the united states and nato capabilities, it would favor nato in defeating russia but it would

liz: lennar. >> housing used to be 10% new homes built by companies like this, it's now 15, and we'resupply-demand of about 2 million homes that need to be built in order the meet demand right now. we think they're a great place to play, plus they have flexibility in terms of earnings, being able to offer lower mortgages, and they have land that's cheap. stuart: liz: you're ape aing warren buffett with american express. he recently said in his annual shareholder letter there are two names he will never sell,ing coca-cola and am-ex. >> they started an a.i. lab, four years ago -- and it actually helps reduce the amount of fraud. so that's just one aspect of a company using a.i., so that helps them, lowers head count. and they're a perfect demographic. people that are 65 and older are now sitting on a trillion more in spendable assets. and they're the ones that we're looking at in term of am-ex. liz: we've got about 15 is seconds left. we're overdue for even a 5 correction. do you see it coming? >> a pause to refresh is not a bad thing, but we still see upside is. nvidia is basically the

lennar unable to hold on to gains, though, down more than 4% from the week.esults from kb homes on the 20th. our next guest is bullish on the setup for builders. john, welcome. good to have you with us. >> hithanks for having me. >> you think the public builders will continue to have an outsized share of the home building marketplace. why do you think that? >> it's a good question. look, i think there's some very interesting dynamics in the industry, and it's not that different than what we saw last year. there is just very little existing home inventory, under a million units should be double that. so to the extent that demand is out there, and demand is still really good, it has to be satisfied by going over the new construction market. now, within the new construction market, the builders call it 45% public share, the public builders i should say. they will continue to gain share for a number of reasons. one, they have size, scale advantages, which are very difficult to replicate by the small home builders. and they have the ability to offer financing. tha

. >> if you look at some of the names, we're talking about a home builder like lennar, talking about energy related stocks, refiners like marathon and valero. we're talking about meta. we're talking about some financials, american express. i think amd and nvidia obviously. but i'm trying to look outside of those areas, costco. >> airbnb, garmin, chipotle in consumer discretionary. the stocks are all performing incredibly well following momentum. >> what says that is not going to break down? >> i don't think it's break down. i think it's maybe moderate the pace at which the performance is appreciating. i think you can expect that. when you look back and you study the history of trends within marketplace, we're at the early stages of these trends. let's remember where we were in january of 2023. i sat here with you and the strategy was liquidating the mega cap names. three months later, the strategy was going back into those mega cap names. i cite the fact the strategies, the rules did that, not discretionary joe. i don't believe i would have done that. when you begin to see the early

lennar, pulte, to some of them we distribute through distributors the weird part about cabinets is builderst in some cases in other regions where we don't feel we have the efficiencies, we partner with a distributor, typically smaller privately held companys that help us do that with the large builders. that's one portion of the market. >> let's say i want to be in the custom premium, a star market, ultra ca ultra craft, omega as rates come down would i expect more people to gravitate towards that end >> i think it depends on the house that you own you don't really want to make your house more expensive than it should be >> explain that to me. >> i think that there's an element of, you know, making your house look appropriate for the size that it is, the configuration that it is and so forth, and the more custom you get is really designed for probably larger homes, homes that have a lot of different spaces that are harder to work with and you have to customize you can get into a beautiful kitchen in the aristocrat brand as an example without doing any customization, and so if you have a ver

. >>> by the way, home builder lennar hitting an all-time high, up 70% over the past year. the aforeseened diana olig has an executive interview with the executive chair stewart miller tonight on "fast money" at 5:00 p.m. eastern. >>> coming up, natural gas prices have collapsed from their recent high. but the next guest says you can't have an energy transition without energy security. the great dan yergen will join us with his prediction. >>> congress taking the first step toward a tiktok ban. now the bill's fate is in the hands of the senate and president. we'll hear from one cybersecurity expert who says the real risk goes far beyond social media. you'll want to hear why. rylee! from rylee's realty! hi! this listing sounds incredible. let's check it out. says here it gets plenty of light. and this must be the ocean view? of aruba? huh. this listing is misleading. well, when at&t says we give businesses get our best deal, on the iphone 15 pro made with titanium. we mean it. amazing. all my agents want it. says here...“inviting pool”. come on over! too inviting. only at&t

. >> you know, it's shrinking margins for the homebuilders and we spoke to the chairman of lennar recently he said you r to buy down the mortgage rates because he believes that the demand is there and as long as you can get them in the door at an affordable price or an affordable payment then they will buy and he thinks demand is going to increase as we get into the summer months, as well. so again, it's a question of affordability and what the builders can handle and how much they can cut off their own earnings in order to cut down their own prices or incentives and specifically buying down the mortgage rates. >> i guess the best operators will be okay. diane a thanks. >> let's stick with housing and drill down on the multi-family space. supply/demand mismatch has created what some are calling the forever renter. older, more affluent and looking for quality and joining me now is the ceo of post brothers and michael, you have the biggest office to residential conversion in the country going on right now in the d.c. area, i believe, right? the risk, it seems to me in those projects would be

chipotle, lennar, costco, martin marietta. the m in guy's clam. doing really well. >>> the a.i.keeps on giving. >> smaller companies are starting to make real progress in competing with the big guys. our next guest is doing just that. the cofounder and ceo of perplexity, which calls itself the world's first a.i. answer engine. >> thank you for having me here. >> i'm curious, what do you make of microsoft, google, you know, you name it, the competitors out there? i mean, who do you think is doing well, who is doing poorly? because the market is speaking in terms of where they're rewarding companies and where they're taking market cap away. >> microsoft is obviously doing tremendously well, and trying to get their products out into as many enterprises as possible, trying to create so many different co-pilots, co-pilots for finance, co-pilots for health, for office 365. so, they are really moving very fast on integration with enterprise, and definitely one of the fastest and best executing companies out there. >> the worst, because the market seems to think apple has no product, an

all up more than 2% with names like lennar and kb homes in the green.housing data for february came in better than expected. housing starts up 1.52 million compared to forecasted 1.43 million. building permits reaching their highest level since august. part of it is seasonality, the weather was better in the past month. but still, very strong showing. >> i mean, we've talked about this now for the last two years. interest rates, i get it, it's important. not nearly as important as supply/demand imbalances, which still haven't gone away. here's the, in my opinion, the only -- well, one of the main risk, the unemployment rate. we saw it move from 3.7 to 3.9, if that continues, which, by the way, i think it will, i think home builder trade might get extended. if you believe that unemployment is going to stay at current levels, then you can make a very compelling case that these stocks are still a buy at these levels. >> home retail insulated, karen? >> maybe that's part of this retail thing, as well. i always wonder, though, what would happen to the home b

so, for instance, we have projects under construction right now from wilson, meaning lamar, uh, lennarnd stockbridge, um, all of whom are uh, equity partners within treasure island community development. the um, the changes here are really to, uh, provide some flexibility in the timing, um, and the procedures around the auction lots. um one of the purposes of that is, is, uh, like in the current situation where we're in, um, it it's not real favorable to try and be auctioning things on the market. there aren't a lot of developers initially doing vertical projects at this time. um, so, um, most of the changes here are really around the mechanics of the procedures. um uh, of, of the auctions, uh, rather than, um, you know, that larger commitment of 60, 20, 20. um, so the, the kind of the overall, um, obligations, uh, relative to the auction lots are retained. um, but it really, um, addressing the procedure offers to reflect lessons learned. um, mark market, market flexibility. and so forth. okay. thank you. um, and i see that there's going to be some changes in the collection for the 1%

the actual home business is not doing well, but the new home business, lennar has been doing very well, toll, and the renovation. paint sold very well at home depot. i have fortune brands which is some sophisticated i don't want to call it plumbing, much different, but my surprise guest is one of the turnarounds, maybe even as good as abercrombie. i have gap tonight. i have gap. i just think that gap is incredibly exciting. the last quarter was just magnificent. if they can turn the juggernaut around, this guy is dynamite. he's dynamite. i can't wait to speak to him. >> they got david's attention at ban banana that says something. >> told me you thought you were going to a latin american cooperative. it's a division. he's turning old navy around. gap has a very fresh look. if you've been to gap lately it's crisp. that's the word i've used, is crisp. >> i have not. they're hard to find. >> look, they have -- >> remember when they were on block. now they're nowhere. >> wider pants. >> levi's doing well. >> do not rule out gap going to -- i may take it to a high of 30. my creme de la cram

but when you talk to the builders, talk to lennar, talk to, you know, any of them who have reported recenthe 5% range, so they're able to get buyers in the door. they're also saying there continues to be very strong demand. we saw that in the builder sentiment number, which jumped back into positive territory in march. that was the first time that happened since july. the builders are reporting that they are seeing more buyer traffic, they're getting more contracts, and they say that demand was, quote, brisk. it's just a question of, can you get the buyers in a rate that was acceptable and affordable to them. apparently the builders are able to do that when they buy them down to that 5% rate. you're seeing that in the starts. we have a spring market now starting on the existing side, and still very little supply on the affordable sides, for existing homes. and the builders are benefiting from that. joe? >> okay, great! thanks, diana. >> our next guest is here to weigh in on the recent blockbuster legal settlement by the national association of realtors. if approved by a federal court, that

on wednesday, dollar tree and home builder lennar. on thursday, dollar general and dick's sporting goods and ulta beauty and adobe. joining us is stephanie link from high thetower. step stephanie, the number on friday, good number, but some revisions. the labor force and the way that works put us up to the highest level we have seen in a while although the number was good. there's all these cross currents, but the bottom line is the ten-year yield continued to come down a little. i think tomorrow's number could do more of that if it looks like january was a one-off for inflation. >> yeah, joe, the data has been pretty good in the last couple of weeks. >> what is good? good? we're looking for soft. >> i'm looking for good, joe. we root for good. we want growth and we wants inflation to come down. that's what we're getting. look at the three-month average for jobs. friday's number was wonkyvrevis. 260,000 jobs per month. hourly wages are coming down 4%. that is good for the consumer. we got within gdp with consumption up 3%. you have pe