Today’s Research Reports on Stocks to Watch: Lennar Corporation and Lowe’s

NEW YORK, NY / ACCESSWIRE / April 5, 2018 / Shares of home builder stocks as well as home improvement stores headed higher in Wednesday trading. Shares of Lennar jumped after the company reported first quarter results that beat on both the top and bottom line. Shares of Lowe’s, one of the top home improvement retailers in the nation, also headed higher and closed up a little over 3%.

RDI Initiates Coverage on:

Lennar Corporation
https://rdinvesting.com/report/?ticker=LEN

Lowe’s Companies
https://rdinvesting.com/report/?ticker=LOW

Lennar Corporation shares were soaring on the NYSE yesterday and closed the day up about 10% on high trading volume. The Miami-based home construction company led the way for other home builders to see gains yesterday after crushing in its first quarter financial report. Lennar reported earnings of $1.11 a share. This was not only a growth of 88% versus the year ago period but also a lot higher than the 82 cents that Wall Street expected. Revenue for the quarter was $2.98 billion, a 28% growth, and also higher than the $2.652 billion analysts were waiting for. The company also reported that new-home orders had increased 30% to 8,456. CEO Stuart Miller remarked, “We continue to remain positive on the outlook of the housing industry in general.” It was this past January that the company hit an all time high of $72.17 but came tumbling down after news revealed the company’s mortgage practices are being probed by the Justice Department.

Access RDI’s Lennar Corporation Research Report at:
https://rdinvesting.com/report/?ticker=LEN

Lowe’s Companies shares closed up 3.05% on almost 7.9 million shares yesterday. Interesting data has come out that may have helped shares head higher. According to the Joint Center for Housing Studies of Harvard University, homeowner spending on repairs and improvements is expected to hit $340 billion this year. This would be an increase of 7.5% compared to last year. Also IndieWire reported that HGTV, the home renovation show network, has hit the No. 11 spot in the top 10 most-watched television channels. The network had 1,530,000 total viewers in 2017 and these are the viewers that give companies like Lowe’s and Home Depot a big market. According to Diane Swonk, who is a chief economist at Grant Thorton, a professional services firm, “This is a housing repair and remodeling story — and not just because of the recent hurricanes and fires.” She told the Washington Post, “In many cases, people are realizing it’s cheaper and easier to add on to their homes than to buy new ones.” It was also recently announced that the company’s chief executive, Robert Niblock, would be retiring after 25 years.

Access RDI’s Lowe’s Companies Research Report at:
https://rdinvesting.com/report/?ticker=LOW

Our Actionable Research on Lennar Corporation (NYSE: LEN) and Lowe’s Companies, Inc. (NYSE: LOW) can be downloaded free of charge at Research Driven Investing.

Research Driven Investing

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.

Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Address:

Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011

Email:

contact@rdinvesting.com

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: RDInvesting.com

ReleaseID: 495220