Core Insights - Parnassus Value Equity Fund reported a net return of 7.46% for Q3 2025, outperforming the Russell 1000 Value Index which returned 5.33% during the same period [1] - The fund shifted its investment strategy by reducing its exposure to the IT sector and increasing its holdings in the Health Care sector [1] Company Insights - D.R. Horton, Inc. (NYSE:DHI) is highlighted as a key investment, with a one-month return of 10.69% and a 52-week gain of 10.75%, closing at $152.00 per share on December 17, 2025, with a market capitalization of $44.393 billion [2] - The fund's transition from D.R. Horton, Inc. to Home Depot reflects a strategic shift from homebuilding to home improvement, as the latter is expected to provide better risk-adjusted returns despite potential interest rate fluctuations [3] Hedge Fund Activity - D.R. Horton, Inc. was held by 61 hedge fund portfolios at the end of Q3 2025, a decrease from 64 in the previous quarter, indicating a slight reduction in interest among hedge funds [4]

Core Insights - Toll Brothers, Inc. has introduced a full-time Lifestyle Director at Regency at Auburn Station, enhancing the community's social engagement and activities for residents aged 55 and older [1][4] - The community features newly opened resort-style amenities, including a clubhouse, pool, and fitness center, aimed at providing a luxurious living experience [2][4] - New home sites are available in two collections, offering flexible floor plans and personalization options, with prices ranging from the upper $300,000s to the mid-$500,000s [6] Community Features - Regency at Auburn Station offers a variety of amenities such as a resort-style pool, pickleball courts, and a fitness center, promoting an active lifestyle for residents [2][4] - The community is strategically located near downtown Raleigh and Garner, providing easy access to shopping, dining, and recreational activities [4][8] - Lawn maintenance is included, allowing homeowners to enjoy more leisure time [9] Home Offerings - The Discovery, Journey, and Excursion Collections feature homes ranging from 1,442 to over 2,465 square feet, with options for 2 to 4 bedrooms and 2 to 3 bathrooms [6] - Home shoppers can personalize their homes at the Toll Brothers Design Studio, which offers a wide selection of design options [7] - Move-in ready homes with Designer Appointed Features are also available, catering to buyers looking for convenience [7] Company Overview - Toll Brothers, Inc. is a leading builder of luxury homes, operating in over 60 markets across 24 states [12] - The company has received multiple accolades, including being named one of Fortune's World's Most Admired Companies for over a decade [13]

Let's begin with this market reaction to CPI shelter uh carrying an awful lot of water which is kind of a consensus view Jim going into 26. >> Yes, you got to go with what Lenar is saying too. Giant home builder uh dovetales with this.You go to you go to Gemini uh you put in Lenar uh you put in home prices LAR and you'll see uh way back all the way back to 2019 before there was inflation you know but this is the 40% inflation in housing David. Yeah. >> Done.Okay. See you then you look at CarMax you look at ...

KB Home (NYSE:KBH) will release earnings results for its fourth quarter after the closing bell on Thursday, Dec. 18.Analysts expect the Los Angeles, California-based company to report quarterly earnings at $1.79 per share, down from $2.52 per share in the year-ago period. The consensus estimate for KB Home's quarterly revenue is $1.66 billion, compared to $2 billion a year earlier, according to data from Benzinga Pro.On Oct. 27, KB Home announced a new $1 billion share repurchase authorization.KB Home share ...

KB Home (NYSE:KBH) will release earnings results for its fourth quarter after the closing bell on Thursday, Dec. 18.Analysts expect the Los Angeles, California-based company to report quarterly earnings at $1.79 per share, down from $2.52 per share in the year-ago period. The consensus estimate for KB Home's quarterly revenue is $1.66 billion, compared to $2 billion a year earlier, according to data from Benzinga Pro.On Oct. 27, KB Home announced a new $1 billion share repurchase authorization.KB Home share ...

Fed Governor Christopher Waller said on Wednesday he supports additional interest rate cuts to bring the central bank’s setting back to neutral, while noting there is no need to move hastily. “Because inflation is still up, we can take our time — there’s no rush to get down,” Waller said in a CNBC forum. Outlining a scenario in which inflation continues to ease through 2026, Waller said monetary policy settings remain as much as 100 basis points above neutral. At the same time, Atlanta Fed President Raphael ...

Market Overview - The S&P 500 fell 1.2%, marking its worst day in nearly a month, while still remaining close to its all-time high set last week [1][13] - The Dow Jones Industrial Average decreased by 228 points, or 0.5%, and the Nasdaq composite dropped 1.8% [1][13] - Slightly more stocks rose within the S&P 500 than fell, but losses in the artificial intelligence sector overshadowed these gains [1][13] Artificial Intelligence Sector - Concerns are growing regarding whether the prolonged dominance of AI stocks has led to inflated prices and whether investments in AI will yield sufficient profits and productivity [2][13] - Only 17% of surveyed large businesses reported being in production at scale with their AI projects, suggesting caution for tech investors regarding future revenue growth from AI products [5][13] - Major AI companies experienced significant declines, with Broadcom down 4.5%, Oracle falling 5.4%, and CoreWeave sinking 7.1% [13] Homebuilding Industry - Lennar's stock fell 4.5% following a mixed profit report, with weaker profits than expected despite revenue exceeding forecasts [6][13] - Executive Chairman Stuart Miller indicated challenging market conditions, with customers seeking discounts and more affordable options, leading to limited forecasts for future performance [6][13] Insurance Sector - Progressive's stock decreased by 2% after reporting a 5% decline in net income for November compared to the previous year [7][13] Energy Sector - Oil companies saw gains following President Trump's blockade of sanctioned oil tankers into Venezuela, which may have significant oil reserves [7][13] - The price of benchmark U.S. crude rose by 1.2% to $55.94, while Brent crude increased by 1.3% to $59.68 per barrel [8][13] - ConocoPhillips rose 4.6%, Devon Energy rallied 5.3%, and Exxon Mobil climbed 2.4% as a result of rising oil prices [8][13] Entertainment Sector - Netflix's stock increased by 0.2% after Warner Bros. Discovery's board recommended shareholders approve its buyout offer, while Warner Bros. Discovery fell 2.4% and Paramount Skydance dropped 5.4% [9][13] Bond Market - Treasury yields remained steady, with the yield on the 10-year Treasury holding at 4.15% ahead of an upcoming inflation report [10][13] International Markets - Stock indexes in Europe were mixed following a stronger finish in Asia, with South Korea's Kospi gaining 1.4% [10][13]

Shares in Japan and Australia dropped along with equity futures for Hong Kong. The tech-heavy Nasdaq 100 declined 1.9% Wednesday with Nvidia Corp. slipping 3.8% to its lowest since September. The S&P 500 slid 1.2% to levels not seen in three weeks, breaching its 50-day moving average.Bitcoin was caught in the souring sentiment, falling more than 2% Wednesday, before retracing some of this week’s losses at Thursday’s open. US futures were fractionally higher after Micron Technology Inc., the largest US make ...

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh. ...

Core Insights - Lennar Corporation's shares fell over 4% intra-day after reporting fourth-quarter earnings that did not meet analyst expectations despite revenue exceeding forecasts [1] Financial Performance - Adjusted earnings per share for the quarter were $2.03, missing the consensus estimate of $2.21 [2] - Revenue reached $9.4 billion, surpassing analyst expectations of $9.01 billion [2] - The company delivered 23,034 homes during the quarter, a 4% year-over-year increase, while new orders rose 18% to 20,018 homes [2] - The average sales price decreased by 10% year-over-year to $386,000, indicating increased use of incentives to boost demand in a constrained market [2] Margins and Costs - Gross margin on home sales decreased significantly to 17.0% from 22.1% in the prior-year quarter, influenced by lower revenue per square foot, higher land costs, and continued use of incentives averaging about 14% [3] Future Outlook - For the first quarter of fiscal 2026, the company expects to deliver between 17,000 and 18,000 homes, with an average sales price projected between $365,000 and $375,000 [4] - Gross margins are anticipated to be between 15% and 16%, lower than fourth-quarter levels due to seasonal factors and current market conditions [4] - For the full fiscal year 2025, Lennar delivered 82,583 homes, a 3% increase from the previous year, generating total revenue of $34.2 billion [4]