Lennar Earnings Weakness Shake Homebuilders, LEN Options Trade
Schwab Network · Schwab Network
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Show Notes
Lennar (LEN) reported earnings and missed analyst expectations. The company pointed to affordability concerns, weak consumer confidence, and a U.S. government shutdown as reasons for its mixed quarter. KB Home (KBH) and PulteGroup (PHM) also saw their shares decline, while Toll Brothers (TOL) shares rose. Marley Kayden talks about why this report hit the homebuilders hard. Prosper Trading Academy's Scott Bauer offers a bearish options trade for Lennar.
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