Housing slowdown? Lennar doesn't see it -- the national homebuilder posted surprisingly strong results in its most recent quarter.
News & Analysis: Lennar
LEN earnings call for the period ending August 31, 2019.
A strengthening U.S. housing market will be a boon for this sector.
Lennar, Toll Brothers, and KB Home all win outperform ratings.
AbbVie became the latest player to pursue a pharma megadeal, and Lennar beat expectations for the second quarter.
LEN earnings call for the period ending May 31, 2019.
The first quarter was tougher than management had hoped, but lower interest rates are bringing buyers back to the housing market.
Elsewhere, homebuilding stocks rose after Lennar gave a positive outlook for new home sales.
Sometimes the best time to buy is when no one else wants to.
Investors cheered the homebuilder's latest earnings report.