Lennar saw its IBD SmartSelect Composite Rating jump to 96 Friday, up from 94 the day before.
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. Winning stocks often have a 95 or higher rating in the early stages of a new price run, so that's a good starting point when looking for the best stocks to buy and watch.
Lennar home builder is currently forming a cup with handle, with a 95.34 entry. The stock is also showing a MarketSmith Blue Dot, meaning the RS Line is at a new high. As of this update the price has just cleared a $95.34 buy point. Volume is average today. The breakout would be stronger if it gains higher volume as it moves up.
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The stock earns a 96 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 96% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
Earnings Update
The company posted a 15% earnings gain for Q4. Sales growth came in at 21%, down from 29% in the prior quarter.
Lennar home builder stock earns the No. 10 rank among its peers in the Building-Residential/Commercial industry group. Green Brick Partners, Meritage Homes and KB Home are among the top 5 highly-rated stocks within the group.
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