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.