GE ends Immelt era with another earnings beat, stock pullback >>> READ MORE

Top 6 Stocks to Buy for March

A pullback should provide excellent buying opportunities in these small caps and household names

      View All  

Top Stock to Buy #5 – Lennar Corp. (LEN)

Lennar Corp. (NYSE:LEN) is a homebuilder and provider of financial services, and through its Rialto Investment segment, is an investor in distressed real estate. Although the company has exposure to the uncertainties of the real estate market, analysts expect it to see a 32% increase in revenues in fiscal year (FY) 2013 following a 33% rise in FY 2012. Earnings improved to $3.11 in FY 2012, up from $0.48 in FY 2011.

The stock recently broke the bottom of a clearly defined bull channel but quickly turned, and thus, triggered a buy signal from our internal indicator, the Collins-Bollinger Reversal (CBR).

Buy LEN under $38 for a trading target of $45. LEN can also be bought by long-term investors as a key stock in the construction industry group.

LEN Chart
Click to Enlarge

Trade of the Day Chart Key

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC