Miami’s Tech Boom Is Minting Winners, and These 5 Stocks Are Cashing In

Group 1: Lennar - Lennar reported Q4 fiscal 2025 revenue of $9.37 billion, a decrease of 6.0% year over year, with EPS of $1.93, missing the consensus estimate of $2.25 [1] - Gross margin on home sales decreased to 17.0% from 22.1% a year earlier, as the company offered approximately 14% in incentives and price adjustments to maintain sales volume [1] - New orders increased by 18% to 20,018 homes, and active communities grew to 1,708 from 1,447 [1] - The stock is trading slightly above its 52-week low of $96.40, with a trailing P/E of 12x, reflecting market headwinds [1] Group 2: Amerant Bancorp - Amerant Bancorp's Q4 2025 EPS was $0.07, significantly below the $0.36 estimate, impacted by $29.20 million in non-core charges [2] - Non-performing assets rose to $186.91 million, or 1.91% of total assets, while core EPS was $0.53 per diluted share [2] - Management announced a $40 million share repurchase program and projected a net interest margin of 3.65% to 3.70% for 2026 [2] Group 3: Miami's Tech Hub Transformation - Miami has transformed into a significant tech hub, attracting venture capital firms, hedge funds, and tech startups due to its favorable tax and regulatory environment [3] - The city's tech ecosystem includes sectors such as fintech, AI, defense tech, and crypto, impacting regional banks, homebuilders, and data infrastructure companies [3] Group 4: Coinbase - Coinbase reported full-year 2025 revenue of $7.2 billion, with total trading volume of $5.2 trillion, a 156% increase year over year [4] - Q4 revenue was $1.80 billion, slightly below estimates, with a GAAP net loss of $667 million due to unrealized crypto markdowns [4] - The company has 12 products generating over $100 million in annualized revenue and authorized a $2 billion share repurchase program [4] Group 5: Mastercard - Mastercard's Q4 2025 revenue was $8.806 billion, a 17.59% year-over-year increase, beating estimates by 0.95% [5] - Adjusted EPS was $4.76, exceeding the $4.24 estimate by 12.26%, with cross-border volume growing 14% in local currency [5] - The company repurchased 6.4 million shares for $3.6 billion in Q4 and has $16.7 billion remaining under its buyback authorization [5] Group 6: Palantir - Palantir's Q4 2025 revenue grew 70% year over year to $1.41 billion, beating estimates by 5.74% [6] - Adjusted EPS was $0.25, surpassing the $0.18 estimate by 38.89%, with U.S. commercial revenue increasing by 137% [7] - The company's FY2026 guidance projects revenue between $7.182 billion and $7.198 billion [7] Group 7: Economic Impact of Miami's Growth - The five companies discussed represent different aspects of the economic shift towards Miami, capturing various slices of the structural changes in capital and talent concentration [8] - The ongoing migration to Miami is expected to continue influencing financial results across these companies, indicating that the economic impact is just beginning to manifest in earnings [8]