Even before the Brexit vote, Jim Cramer saw some concerning signs for stocks coming from these industries. » Read More
Lennar, the second-largest U.S. home builder, reported a bigger-than-expected quarterly net loss as deliveries and new orders tumbled, sending its shares down nearly 5 percent.
Lennar Corp , the nation's second-largest home builder, said on Thursday the U.S. housing slump will get worse before it gets better.
The Dow dropped to its lowest level in nearly two years after a downgrade on brokerage stocks and a slew of weak earnings and economic reports. Several Dow components and several financial stocks hit multiyear lows, with the biggest shock coming from GM, which fell to its lowest in more than 50 years.
Nearly 1.5 billion shares and $20 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Check out the bets being made today...
Stocks tumbled out of the gate Thursday after a downgrade on brokerage stocks and disappointing earnings from two tech giants.
Lennar, the second-largest U.S. home builder, Thursday reported a smaller quarterly net loss on lower expenses, but the results were worse than expected as deliveries and new orders tumbled.
Now that the Fed's June meeting is out of the way, the focus on economic data will intensify as investors try to find a road map for the markets.
In Wednesday’s Web Extra, Pete Najarian reveals why sweet tea makes him sweet on McDonald’s.
Following are the “Fast & Furious” trades. Here's how to trade earnings from the homebuilders and credit cards. Plus tomorrow's other market moving events!
Stocks will struggle in the week ahead as they face the multiple threats of record oil prices, higher interest rates, a weak housing picture, and the fragile financial sector.
CVS, Nike, Darden and Research in Motion are just a few of the names he likes.
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Curiously, the much-maligned Adjustable Rate Mortgage appears to be making a comeback. Lennar is putting their special ARM financing right on the front page of their website, offering ARMs at 2.88 percent for the first year, 3.88 percent for the second year, and 4.88 percent for the remainder of the life of the mortgage...
Stocks plunged after the Federal Reserve cut its 2008 outlook and oil finished above $133 a barrel. The Dow shed more than 227 points, or 1.8 percent, bringing its two-day point decline to about 450.
The Dow has dropped 450 points in the last two days. Most of this is due to the record high price of oil, but at 2 PM ET today the markets dropped further as the Fed came out with its minutes, wherein they...
Stocks finished mixed as an early rally fizzled and weakness crept into techs, retail and housing.
I get a press release probably once a week from the National Association of Home Builders on some or another green improvement, initiative, product or conference. So I was surprised by a study that claims none of America’s 13 largest publicly traded home builders has “fully embraced" the green market...
Homebuilders Ryland and Pulte are reporting tomorrow. Don't expect much. There will continue to be significant pricing pressure & writedowns. Here's the key for the homebuilders...
Stocks closed lower amid more bad news in the financial sector and a report showing the Federal Reserve is more worried about a recession than it has previously indicated.
I realize you’re all going to get on my case again for saying something nice about a home builder, but here’s the thing: After reporting the obscene amount of money a certain CEO of a certain mega-mortgage company raked in last year (Mozilo of Countrywide), I simply have to give a shout-out to Lennar for their no-performance, no-pay policy.