Core Viewpoint - The article highlights five non-tech large-cap stocks that are currently trading on the dip from their 52-week highs, presenting attractive investment opportunities for 2026 [2][4]. Group 1: Market Overview - On December 11, 2025, the Dow and S&P 500 indexes advanced by 1.3% and 0.2%, respectively, reaching new all-time high closings, while the tech-heavy Nasdaq Composite fell by 0.3% [2]. - The recent Federal Reserve rate cut and high valuations in the technology sector have prompted a shift in market focus towards rate-sensitive cyclical sectors such as utilities, industrials, financials, energy, materials, and healthcare [3]. Group 2: Featured Stocks On Holding AG (ONON) - On Holding specializes in footwear and sports apparel, with an expected revenue growth rate of 20.6% and earnings growth rate of 79.3% for the next year [5]. - The Zacks Consensus Estimate for next year's earnings has improved by 22% over the last 30 days, and ONON is currently trading at a 22.7% discount from its 52-week high [5]. Lennar Corp. (LEN) - Lennar is involved in homebuilding and financial services, benefiting from a tech-enabled manufacturing platform aimed at improving efficiencies and reducing costs [6]. - The company has an expected revenue growth rate of 1.9% and earnings growth rate of 11.1% for the next year, with a 21.2% discount from its 52-week high [8]. Jefferies Financial Group Inc. (JEF) - Jefferies has gained market share in investment banking without significantly expanding its balance sheet, which is expected to drive top-line growth [9]. - The expected revenue growth rate is 16.5% and earnings growth rate is 59.5% for the next year, with a 23.7% discount from its 52-week high [11]. Omnicom Group Inc. (OMC) - Omnicom's diverse portfolio across traditional and digital marketing segments enhances revenue stability [12]. - The expected revenue growth rate is 3.1% and earnings growth rate is 8.8% for the next year, currently trading at a 13.2% discount from its 52-week high [14]. Thomson Reuters Corp. (TRI) - Thomson Reuters provides value-added information and technology across various sectors, including law, tax, and financial services [15]. - The expected revenue growth rate is 7.6% and earnings growth rate is 12.4% for the next year, with a significant 39.6% discount from its 52-week high [16].

Market Overview - The Dow and S&P 500 indexes advanced 1.3% and 0.2%, respectively, reaching all-time high closings, while the Nasdaq Composite fell 0.3% [1] - Market participants are shifting from technology to rate-sensitive cyclical sectors such as utilities, industrials, financials, energy, materials, and health care due to the recent Fed rate cut and high valuations in the tech sector [2] Recommended Stocks - Five non-tech large-cap stocks are recommended, currently trading below their 52-week highs and at attractive valuations: On Holding AG (ONON), Lennar Corp. (LEN), Jefferies Financial Group Inc. (JEF), Omnicom Group Inc. (OMC), and Thomson Reuters Corp. (TRI) [3][9] On Holding AG (ONON) - On Holding specializes in footwear and sports apparel, offering products through various channels [6] - Expected revenue and earnings growth rates for next year are 20.6% and 79.3%, respectively, with a 22% improvement in earnings estimates over the last 30 days [7] Lennar Corp. (LEN) - Engaged in homebuilding and financial services, focusing on tech-enabled manufacturing to enhance efficiency and reduce costs [8] - Expected revenue and earnings growth rates for next year are 1.9% and 11.1%, respectively, with a 0.2% improvement in earnings estimates over the last week [10] Jefferies Financial Group Inc. (JEF) - Gained market share in investment banking without significantly expanding its balance sheet, which is expected to drive top-line growth [11] - Expected revenue and earnings growth rates for next year are 16.5% and 59.5%, respectively, with a 0.8% improvement in earnings estimates over the last week [13] Omnicom Group Inc. (OMC) - Operates a diverse portfolio in traditional and digital marketing, enhancing revenue stability [14] - Expected revenue and earnings growth rates for next year are 3.1% and 8.8%, respectively, with a 2.4% improvement in earnings estimates over the last 30 days [16] Thomson Reuters Corp. (TRI) - A leading provider of information and technology across various sectors, including law, tax, and financial services [17] - Expected revenue and earnings growth rates for next year are 7.6% and 12.4%, respectively, with a 2.1% improvement in earnings estimates over the last 60 days [18]

Lennar Corporation (NYSE:LEN) will release earnings results for the fourth quarter after the closing bell on Tuesday, Dec. 16.Analysts expect the Miami, Florida-based company to report quarterly earnings at $2.18 per share, down from $4.03 per share in the year-ago period. The consensus estimate for Lennar's quarterly revenue is $9.13 billion. Last year, it reported $9.95 billion in revenue, according to Benzinga Pro.On Nov. 14, Lennar announced the retirement of Jonathan Jaffe, co-CEO and president.Shares ...

Lennar Corporation (NYSE:LEN) will release earnings results for the fourth quarter after the closing bell on Tuesday, Dec. 16.Analysts expect the Miami, Florida-based company to report quarterly earnings at $2.18 per share, down from $4.03 per share in the year-ago period. The consensus estimate for Lennar's quarterly revenue is $9.13 billion. Last year, it reported $9.95 billion in revenue, according to Benzinga Pro.On Nov. 14, Lennar announced the retirement of Jonathan Jaffe, co-CEO and president.Shares ...

The upcoming report from Lennar (LEN) is expected to reveal quarterly earnings of $2.23 per share, indicating a decline of 44.7% compared to the year-ago period. Analysts forecast revenues of $9.13 billion, representing a decline of 8.3% year over year.The consensus EPS estimate for the quarter has undergone an upward revision of 4.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Bef ...

Key Takeaways Easing mortgage rates and Fed cuts are improving the setup for a 2026 housing market recovery.LEN, CCS, and GRBK stand out for cost control, land strategy, and operational execution entering 2026. All three builders show signs of margin strength and are positioned to capture demand as sentiment improves.The U.S. housing market closes 2025 at an inflection point. Supply remains structurally constrained, mortgage rates have begun to ease, and the Federal Reserve has entered a more accommodative ...

Lennar Corporation is set to release its quarterly earnings with an estimated EPS of $2.23 and revenue of $9.14 billion.The company's stock has seen a 32% drop, presenting a potential investment opportunity with a P/E ratio of 11.43 and a price-to-sales ratio of 0.88.Lennar's solid financial position is highlighted by a low debt-to-equity ratio of 0.16 and a strong current ratio of 10.36, indicating potential for recovery as interest rates moderate.Lennar Corporation (NYSE:LEN) is a leading homebuilder in t ...

Company Performance - Lennar's stock closed at $117.19, down 2.92% from the previous session, underperforming the S&P 500's loss of 0.09% [1] - Over the last month, Lennar's shares decreased by 2.03%, lagging behind the Construction sector's gain of 0.79% and the S&P 500's gain of 1.89% [1] Upcoming Earnings - Lennar is set to report earnings on December 16, 2025, with projected earnings of $2.23 per share, indicating a year-over-year decline of 44.67% [2] - The consensus estimate for quarterly revenue is $9.15 billion, down 7.97% from the previous year [2] Full-Year Estimates - The Zacks Consensus Estimates for Lennar's full-year earnings are $8.25 per share and revenue of $33.96 billion, reflecting year-over-year changes of -40.48% and 0%, respectively [3] - Recent changes in analyst estimates suggest a favorable outlook on the business health and profitability [3] Valuation Metrics - Lennar's Forward P/E ratio is 13.33, which is higher than the industry average of 11.92, indicating that Lennar is trading at a premium [6] - The company has a PEG ratio of 5.12, compared to the industry average PEG ratio of 1.82 [7] Industry Context - The Building Products - Home Builders industry, part of the Construction sector, has a Zacks Industry Rank of 207, placing it in the bottom 17% of over 250 industries [8] - The performance of individual industry groups is measured by the Zacks Industry Rank, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [8]

Core Viewpoint - The article emphasizes the significance of the upcoming earnings season in December for U.S. stocks, highlighting the potential for significant stock price volatility and the effectiveness of options as a tool for investors to amplify returns during this period [1][2]. Earnings Calendar - A detailed schedule of key U.S. companies' earnings releases for December 2025 is provided, including companies like AutoZone, GameStop, Adobe, and Nike, with specific dates and times for earnings announcements [1][2]. Options Strategies - The article outlines five classic options strategies that can be employed during earnings season: - **Buy Call**: A strategy for bullish investors expecting significant price increases [4][6]. - **Bull Call Spread**: A moderate bullish strategy with limited upside potential [7]. - **Buy Put**: A strategy for bearish investors anticipating significant price declines [9]. - **Bear Put Spread**: A moderate bearish strategy with limited downside potential [11]. - **Long Straddle**: A strategy for investors expecting high volatility in either direction [13]. Strategy Details - Each strategy includes specific scenarios for application, initial costs, potential returns, and risk profiles: - **Buy Call**: High potential returns with unlimited upside and maximum loss equal to the premium paid [6]. - **Bull Call Spread**: Limited risk and reward, with a defined maximum profit and loss [7]. - **Buy Put**: Limited maximum profit with a defined risk equal to the premium paid [9]. - **Bear Put Spread**: Similar to the Buy Put but with reduced risk and capped profit [11]. - **Long Straddle**: Captures significant price movements in either direction, with defined risk limited to the total premium paid [13]. Trading Considerations - The article advises investors to focus on the breakeven points of their strategies and to select options with sufficient time until expiration to avoid liquidity issues and time decay [4][6].

There are attractive opportunities in this beaten-down sector.Higher interest rates are starting to moderate and could serve as a significant catalyst for the homebuilding industry. One of the top housing stocks that could rebound sharply in 2026 if the Federal Reserve continues to lower interest rates is Lennar (LEN 2.24%).Lennar stock has fallen 32% from its previous high. Here's why it should be on your buy list right now. It's time to buy housing stocksHomebuilders are under pressure, but this is usuall ...