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Tag: Lennar Corp. Cl A

  • How one big stock-market investor is positioning for a decade of inflation

    How one big stock-market investor is positioning for a decade of inflation

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    With the threat of inflation back at the forefront for many investors, there’s one large stock-market investor positioning for it to be a decade-long phenomenon. In a note posted to the firm’s website, Chief Investment Officer William Smead of Phoenix-based Smead Capital Management, which oversees $5.83 billion in assets, said “we are loaded with inflation beneficiary stocks like oil and gas stocks and useful real estate.” The firm likes home builder D.R. Horton DHI; Simon Property Group SPG, a real estate investment trust…

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  • Housing stocks see broad rally after strong home-sales data

    Housing stocks see broad rally after strong home-sales data

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    The home-building sector enjoyed a broad rally in morning trading Tuesday, after data showing existing-home sales in February rose a lot more than expected. The iShares U.S. Home Construction exchange-traded fund
    ITB,
    +0.99%
    climbed 1.3% toward a five-week high, with all 48 equity components gaining ground. Among the ETF’s more active components, shares of Home Depot Inc.
    HD,
    -0.02%
    advanced 0.9%, D.R. Horton Inc.
    DHI,
    +0.04%
    rose 0.5%, KB Home
    KBH,
    +2.83%
    tacked on 2.4%, Lennar Corp.
    LEN,
    +1.27%
    rallied 1.3% and PulteGroup Inc.
    PHM,
    +1.03%
    was up 1.1%. The National Association of Realtors said Tuesday that existing-home sales for February leapt 14.5% to an annual rate of 4.58 million, the largest increase since July 2020, enough to reverse 12 months of losses and well above expectations of 4.2 million. The home construction ETF has hiked up 12.0% over the past three months, while the S&P 500
    SPX,
    +1.27%
    has gained 2.7%.

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