Market Overview - The U.S. stock market opened positively on September 19, 2025, extending gains from a record-setting Thursday, driven by strength in the technology sector and key corporate announcements [1][2] - The S&P 500 index rose to 6663 points, marking a 0.47% gain from the previous session, up 4.18% over the past month, and 16.84% higher compared to the same time last year [2] - All three major U.S. indexes reached new all-time closing highs on Thursday, indicating broad market strength beyond large-cap tech stocks [3] Corporate News and Stock Movements - Apple (AAPL) shares gained approximately 1% as the new iPhone 17 models went on sale globally, showing strong consumer demand for Pro models [7] - FedEx (FDX) initially jumped over 5% after reinstating its full-year outlook and reporting better-than-expected first-quarter profit and revenue, but later pared most gains [7] - Lennar (LEN) shares declined by 3% after quarterly revenue and profit fell short of analyst expectations, reflecting challenges in the housing sector [7] - Intel (INTC) shares surged nearly 23% on Thursday but were down 0.6% in premarket trading following Nvidia's $5 billion investment in Intel [11] - Tesla (TSLA) shares surged 22.6% over the past month, indicating strong performance [11] - Darden Restaurants (DRI) dropped 6% as earnings per share missed expectations, despite revenue meeting consensus [11] - Netskope saw its shares end 18% higher in its Nasdaq debut, while StubHub (STUB) stock fell 7% after a challenging debut [11] Economic Events and Indicators - A significant $5 trillion quarterly triple-witching options expiry is scheduled, with expectations of limited market impact [4] - Upcoming economic indicators include Global Purchasing Managers' Index (PMI) figures and the Federal Reserve's core Personal Consumption Expenditures (PCE) price index [6]

FedEx Performance - FedEx reported a quarterly performance that beat expectations, with adjusted earnings of $3.83 per share and revenue exceeding $22 billion [3][4] - The company anticipates a revenue growth of 4% to 6% in 2026, which is higher than Wall Street's expectations of just over 1% [4] - FedEx is facing a projected $1 billion impact from tariffs, but investors are optimistic about the company's resilience despite global trade uncertainties [2][4] FedEx Business Developments - FedEx is planning to spin off its freight business into a new publicly traded company, expected to be completed in about nine months from June of next year [5] - The company has seen a 6% increase in average daily volumes in the U.S. [4] Home Builders Industry - The home builders sector is facing challenges, with LAR reporting a double miss and a decline in revenue of 6% [7][8] - Home builders are experiencing weaker margins, with gross margins dropping from over 20% a year ago to the teens [9] - The housing market is stagnant due to high mortgage rates and economic uncertainty, with expectations for improvement only gradually materializing [10][11] Alphabet Google Performance - Alphabet Google has seen significant stock growth, rising from $83 three years ago to $252 currently [12][13] - Analysts are optimistic about Alphabet Google, with Citizens JMP raising their price target to $290, citing strong performance and AI integration [13][14] - The company is leveraging its established ad business and AI capabilities, with its Gemini app outperforming ChatGPT in downloads [15][16]

Market Overview - U.S. stock futures are stable as investors await a significant phone call between U.S. President Trump and Chinese President Xi Jinping, which may address trade issues and TikTok's U.S. operations [1][5] - Major U.S. indexes reached record highs, driven by optimism in the technology sector and expectations of further monetary policy easing from the Federal Reserve [1][3][6] Premarket Trading Activity - Dow Jones Industrial Average futures are around 46,496 points, showing a slight decrease of 0.04% or about 20 points [2] - S&P 500 and Nasdaq 100 futures are mostly flat to slightly positive, with both up 0.2% [2] - This muted premarket activity indicates a consolidation phase as markets digest recent gains [2] Current Performance of Major Market Indexes - On Thursday, the Dow Jones Industrial Average closed 0.27% higher at 46,142.42, S&P 500 rose 0.48% to 6,631.96, and Nasdaq Composite increased 0.94% to 22,470.72 [3] - The small-cap Russell 2000 surged 2.51% to 2,467.70, marking its first all-time high since November 2021, largely due to a rise in semiconductor stocks, particularly Intel [3] Economic Indicators - U.S. initial jobless claims fell by 33,000 to 231,000, outperforming expectations [4] - The Philadelphia Fed Manufacturing Index rose to +23.2 in September, the highest since January [4] Corporate Earnings Reports - MoneyHero Limited is expected to report a loss of 2 cents per share, with a premarket jump of 10.36% [7] - Other companies reporting include Cantaloupe, IperionX Limited ADR, and Insig AI, among others [7] Major Stock News - Intel shares, after a 22% surge, slipped 0.5% to $30.42 in premarket trading [8] - Nvidia confirmed a $5 billion investment in Intel, which has generated optimism about a strategic partnership [9] - FedEx stock advanced 2.5% in premarket trading after reinstating its full-year outlook and reporting better-than-expected earnings, despite anticipating a $1 billion hit from U.S. tariffs [10] - Lennar shares fell 3% after reporting lower third-quarter profit and revenue forecasts [11] - Apple shares rose 1% as new iPhone 17 models went on sale globally [12] - Oracle shares increased approximately 0.4% as it is reportedly part of a consortium to control TikTok's U.S. operations [12] International Developments - Adani Group stocks are in focus after SEBI dismissed allegations of stock manipulation [13] - Yes Bank completed a strategic acquisition of a 20% stake by Sumitomo Mitsui Banking Corporation [13] - JK Tyre & Industries anticipates double-digit growth due to rising automobile sales [13] - Vedanta emerged as the preferred bidder for a manganese block in Andhra Pradesh [13]

Group 1 - U.S. stock futures are slightly lower, with Dow futures down approximately 0.1% on Friday [1] - Scholastic Corp reported a quarterly loss of $2.52 per share, missing the analyst consensus estimate of a loss of $2.44 per share [1] - Scholastic's quarterly sales were $225.600 million, falling short of the analyst consensus estimate of $238.905 million [1] Group 2 - Scholastic shares declined by 10.3% to $24.70 in pre-market trading [2] - VTEX shares fell 6.7% to $4.33 in pre-market trading [4] - Plug Power Inc experienced a 5.2% drop to $1.99 in pre-market trading after a previous gain [4] - VNET Group, Inc. shares dropped 5% to $9.46 in pre-market trading, despite securing a 40MW wholesale order [4] - Sailpoint Inc shares fell 4.4% to $21.45 in pre-market trading after a prior increase [4] - 1-800-Flowers.Com Inc shares decreased by 3.9% to $5.43 in pre-market trading [4] - Lennar Corp shares fell 2.8% to $129.17 after reporting weaker-than-expected third-quarter results, with adjusted earnings of $2 per share missing the consensus estimate of $2.10 and quarterly revenue of $8.81 billion missing the estimate of $8.99 billion [4]

Core Viewpoint - The U.S. Federal Reserve's decision to restart interest rate cuts is expected to benefit housing shares and other interest-rate sensitive sectors, as markets anticipate more monetary easing [1][2]. Group 1: Impact of Federal Reserve's Actions - The Fed lowered its benchmark rate for the first time since December, reducing it by a quarter of a percentage point to the 4-4.25% range, which is aimed at supporting a shaky labor market [1][2]. - The move is anticipated to help small-cap and consumer discretionary shares, with homebuilder stocks likely to benefit from lower mortgage rates and increased economic activity [2][5]. Group 2: Market Performance - The S&P 500 reached record high levels, up over 13% year-to-date, while the small-cap Russell 2000 also posted a record-high close for the first time in nearly four years [2]. - The PHLX Housing index has increased by 15% this quarter, outperforming the S&P 500's over 7% gain, although it still lags behind on a year-to-date basis [3]. Group 3: Notable Stock Performances - Significant gainers in the housing sector this quarter include DR Horton, which is up over 30%, and both KB Home and Toll Brothers, which are up over 20% [4]. - Home improvement retailers Lowe's and Home Depot have also seen increases of about 20% and 13% respectively this quarter [4]. Group 4: Mortgage Rates and Housing Market Conditions - The contract rate on a 30-year fixed-rate mortgage fell to 6.39%, the lowest since early October 2024, with projections suggesting it could approach 6% by year-end [4]. - Despite the positive outlook from lower mortgage rates, the housing market is currently struggling, with single-family homebuilding hitting a near 2-1/2-year low in August [5].

Core Insights - Lennar Corporation reported earnings per share (EPS) of $2.29, exceeding estimates of $2.09, but revenue of $8.81 billion fell short of the anticipated $10.28 billion [1][6] - The company's revenue represents a 6.4% decline year-over-year, attributed to soft market conditions in the homebuilding sector [2][6] - Net earnings for the quarter were $591 million, a significant decrease from $1.2 billion in the same quarter last year, indicating a challenging market environment [3][6] Financial Performance - Adjusted EPS was $2.00, below the consensus estimate of $2.10, reflecting difficulties in meeting market expectations [2] - New orders increased by 12%, totaling 23,004 homes, while the backlog stood at 16,953 homes valued at $6.6 billion [4] - Homebuilding operating earnings were reported at $760 million, with a gross margin on home sales of 17.5% and a net margin of 9.2% [4] Financial Metrics - The price-to-earnings (P/E) ratio is approximately 10.13, indicating the price investors are willing to pay for each dollar of earnings [5][6] - The price-to-sales ratio is about 0.94, suggesting the stock is valued at less than one times its sales [5] - The debt-to-equity ratio is relatively low at 0.19, indicating conservative use of debt, and the current ratio is strong at 9.15, reflecting a robust ability to cover short-term liabilities [5][6]

NEW YORK (AP) — Wall Street tacked on some more gains Friday as it glided to the finish of its latest record-setting week. The S&P 500 rose 0.5% to close out its sixth winning week in the last seven. The Dow Jones Industrial Average added 172 points, or 0.4%, and the Nasdaq composite climbed 0.7%. All three hit all-time highs for a second straight day. They’ve been rallying on expectations that the Federal Reserve will continue to cut interest rates in order to give the economy a boost after the centra ...

Core Viewpoint - Lennar Corporation (NYSE:LEN) is recognized as a strong operator in the homebuilding sector, but there is hesitancy in recommending the stock due to the uncertainty surrounding long-term interest rates [1] Company Overview - Lennar Corporation is a U.S.-based homebuilder that focuses on constructing and selling single-family homes, developing residential land, and managing multifamily rental properties [1] Market Conditions - The company has performed well amid recent bond market turmoil, but the necessity for long-term interest rates to remain low is crucial for justifying investments in homebuilders [1] - Mortgage rates are decreasing significantly, which could positively impact homebuilders like Lennar [1] Investment Sentiment - Jim Cramer suggests that as mortgage rates decline, capital may shift from other sectors, such as technology, to homebuilders like Lennar and Toll Brothers [1] - Despite the potential of Lennar as an investment, there are AI stocks that may offer greater upside potential with less downside risk [1]

Market Overview - U.S. stocks closed higher on Thursday, with the Dow Jones Industrial Average up 0.3% at 46,142.42, the S&P 500 advancing 0.5% to 6,631.96, and the Nasdaq climbing nearly 1% to 22,470.73 [1] Intel Corporation (INTC) - Intel's stock surged 22.77% to close at $30.57, reaching an intraday high of $32.38 and a low of $30.16, with a 52-week range between $17.67 and $32.38 [1] - A significant partnership with Nvidia was announced to co-develop custom data center and PC products, enhancing workloads across various markets [1] FedEx Corporation (FDX) - FedEx shares increased by 0.32%, closing at $226.50, with an intraday high of $229.10 and a low of $224.78; the stock's 52-week high and low are $308.53 and $194.30, respectively [2] - The company reported first-quarter fiscal 2026 earnings, with revenue of $22.2 billion, exceeding estimates of $21.67 billion [2] Lennar Corporation (LEN) - Lennar's stock dipped slightly by 0.08% to $132.87, with a high of $134.07 and a low of $131.34; the 52-week range is between $98.42 and $193.80 [3] - The company's third-quarter results fell short of expectations, with earnings per share reported at $2, missing the consensus estimate of $2.10 [3] Brera Holdings PLC (BREA) - Brera Holdings saw a remarkable increase of 225.49%, closing at $24.90, with a high of $52.95 and a low of $7.84; the stock's 52-week high and low are $52.95 and $5.00 [4] - Cathie Wood-led Ark Invest acquired 6.5 million shares of Brera Holdings, worth about $161.9 million, as the company pivots into a Solana-based digital asset and crypto infrastructure firm following a $300 million funding round [4] Rivian Automotive, Inc. (RIVN) - Rivian's stock rose by 4.04% to $14.68, with an intraday high of $14.94 and a low of $14.07; the 52-week range is $9.50 to $17.15 [5] - New images of Rivian's upcoming electric bike developed by its spinoff Also Inc. surfaced online, boosting investor interest [5]

Core Insights - Lennar reported $8.81 billion in revenue for the quarter ended August 2025, a year-over-year decline of 6.4% and an EPS of $2.00 compared to $3.90 a year ago, missing the Zacks Consensus Estimate of $9.04 billion by 2.49% [1] - Key financial metrics indicate mixed performance, with some areas showing growth while others declined, impacting overall financial health [2] Financial Performance - Revenue from Homebuilding was $8.25 billion, below the estimated $8.63 billion, reflecting an 8.8% year-over-year decline [4] - Revenue from Financial Services was $314.2 million, exceeding the estimate of $285.03 million, marking a 15% increase year-over-year [4] - Multifamily revenue reached $228.47 million, significantly surpassing the estimate of $120.27 million, representing a 144.5% increase year-over-year [4] Deliveries and Orders - Total deliveries of homes were 21,584, slightly below the estimate of 22,546 [4] - New orders for homes totaled 23,004, exceeding the estimate of 22,504 [4] - Backlog of homes stood at 16,953, higher than the average estimate of 15,522 [4] Market Performance - Shares of Lennar returned +2% over the past month, compared to the Zacks S&P 500 composite's +2.5% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]