S&P 500 Housing Giant Earnings Tumble But Fed Rate Cut Offers 'Optimism'

Group 1 - Lennar is expected to report a 49% decline in Q3 earnings to $2.10 per share, with revenue decreasing by 5% [1] - Investor sentiment is focused on the potential revival of housing demand due to falling interest rates [1] - Millrose Properties has been established as a spinout, with many homebuilders trading near buy points following the recent Fed rate cut [2] Group 2 - The upcoming Fed meeting is anticipated to impact major companies including FedEx, Lennar, and Meta [4] - DR Horton has shown improved technical strength, clearing a technical benchmark with an 80-plus Relative Strength Rating [4] - Millrose Properties Class A has also reached an 80-plus Relative Strength Rating benchmark, indicating strong market performance [4]