20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Lennar Corporation (NYSE:LEN) reported second-quarter earnings of $1.30 per share, which beat the analyst consensus estimate of $1.14. This is a 17.72% decrease over earnings of $1.58 per share from the same period last year.
Lennar reported quarterly sales of $5.6 billion, which beat the analyst consensus estimate of $5.1 billion. This is a 2.58% increase over sales of $5.459 billion the same period last year.
"Our second quarter results benefited from both first quarter deliveries postponed by weather as well as a recovering housing market." said Stuart Miller, Executive Chairman of Lennar. "The well-documented market pause in the second half of 2018 set the stage for more moderate home price increases and lower interest rates which stimulated both affordability and demand, leading homebuyers back to the market."
Lennar shares traded higher by 4.6% at $53.80 in Tuesday's pre-market session. The stock has a 52-week range between $55.77 and $37.29
Related Links:
7 Stocks To Watch For June 25, 2019
As Anticipation Firms For Trump/Xi Meeting, Focus Is On Earnings, Iran Tensions
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!