Lennar (LEN) Gears Up for Q4 Earnings
We expect Lennar Corporation (LEN) to beat expectations when it reports fourth-quarter fiscal 2017 results on Jan 10, before the market opens.
Last quarter, the company delivered a positive earnings surprise of 4.95%. This Miami-based homebuilder also surpassed expectations in each of the trailing four quarters, the average beat being 9.10%.
Notably, Lennar’s diversified line of home offerings for first-time, move-up and active adult homebuyers and positive housing market fundamental are positives for this leading homebuilder in the United States.
Earnings From Homebuilders Lennar And KB Home Will Provide Guidance On Housing Market Strength
Housing starts, and new home sales were bright spots in the U.S. economy in 2017, and most economists expect the tax cuts of 2018 to continue the construction boom.
This makes guidance from Lennar (LEN) and KB Home (KBH) extremely important when they report quarterly earnings on Wednesday.
Bitcoin rival Ripple COULD take over – CEO says new cryptocurrency is the FUTURE
Ripple CEO Brad Garlinghouse said the new cryptocurrency is focused on working with banks and other institutions to “dramatically improve” the way money moves globally.
The new cryptocurrency is both a transaction network and crypto token, XRP, created as the go-to cryptocurrency for banks and global money transfers.
Ripple is speeding ahead to become the world’s second-biggest cryptocurrency and it announced in January that XRP will be used on the top three money transfer sites.
Today's Trade of the Day | 1-10-18
Another tough day to find stocks to buy - that are not extended. DIS - Disney offering a nice setup to bid for stock using an old-fashioned trend line. Game planning for a LOWER opening and using a $109 limit order to bid. Stop loss on a close below $107.50. Profit target comes in at $114.50 for a new swing trade.
** Lesson: When I say a tough day to find stocks to buy, it means that as stock prices move closer to SATURATION POINTS, the odds of moving higher decrease. This means that yes- the stock is a buy, but the profit potential no longer justifies the risk. Many of these trades become 1-1 risk reward. When you take these types of trade setups, over the long run, you become a break-even trade, at best.
Learn more about this type of stuff here, it's massively important.
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These three charts are creating the perfect storm for more records, says technician
Highly Classified Satellite Plummeted Into Indian Ocean After SpaceX Launch, Official Confirms
Ethereum hits a new record high before falling away — while bitcoin and Ripple’s XRP continue to slide
S&P 500 Heatmap
Stocks to Trade | Wednesday Edition 1-10-18
Bullish Momentum: XNET, NKTR, GILD, ESRX, DLPH, AGN, CAH, DE, BA, DVA
Bearish Momentum: mu, mac, lb, kmb
Bullish Order Flow: OSTK, NKTR, XNET, SLB, ESRX, KSS, CAT, DVA, TGT, LOW, NFLX, BA, TXN, EOG, UNP, UTX, DE, AABA, LYB, AMZN, UPS, MAR, COF, V, MA, HD, DIS, FB, JPM
Bearish Order Flow: pcg, lb, eix, cbs
Double Normal Volume: TGT, STX, NKTR, DE
Inside Days: ge, twtr, fb, nvda, vrx, stx, cvs, hbi, celg, roku, pg, v, pcg, dis, sbux, kss, utx, abbv, mos, aa, nue, hd, axp, ma
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