Lennar Corp. (LEN) Tops Q1 EPS by 11c
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FBR Capital Reiterates Outperform Following Lennar Corp.'s (LEN) 1Q EPS Beat
March 30, 2016 7:22 AM EDTFBR Capital reiterated an Outperform rating and $60.00 price target on Lennar Corp. (NYSE: LEN) following the company's 1Q earnings report. Lennar reported headline F1Q16 EPS of $0.63, which exceeded consensus expectations of $0.52. This was a strong quarter for Lennar, as homebuilding deliveries, average... More
Wall Street hits 2016 high after Yellen delivers
March 29, 2016 7:26 AM EDTBy Noel Randewich
(Reuters) - The S&P 500 closed at its highest in 2016 on Tuesday after Federal Reserve Chair Janet Yellen called for caution on raising interest rates - music to Wall Street's ears.
In her first comments since the Fed held steady on rates earlier this month, Yellen said global risks remained, including uncertainty over China and low oil prices.
That was enough to reverse an earlier dip in stocks and leave the S&P 500 0.88 percent higher, its biggest one-day gain in 12 sessions.
After its worst January since 2009, the S&P 500 has fully... More
