Stock of the Day: Lennar Corp

Before you go, we thought you'd like these...
Before you go close icon

Shares of Lennar Corp rose Tuesday morning after reporting strong second-quarter numbers. While profit was off from the prior year, the company reported strong orders and deliveries for its recent quarter. Gross margins on home sales rose, as well. Things also looked good in the broader housing market. New-home sales hit their highest point in almost five years in May, rising 2.1% from the previous month. In other housing news, the Case-Shiller index of home prices in 10 major markets increased 1.8% in April. In this installment of Stock of the Day, Motley Fool analyst Matt Koppenheffer discusses how investors should analyze the housing market, and what he thinks of Lennar.

The best investing approach is to choose great companies and stick with them for the long term. The Motley Fool's free report, "3 Stocks That Will Help You Retire Rich," names stocks that could help you build long-term wealth and retire well, along with some winning wealth-building strategies that every investor should be aware of. Click here now to keep reading.

The article Stock of the Day: Lennar Corp originally appeared on

Chris Hill has no position in any stocks mentioned. Matt Koppenheffer has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

People are Reading