Lennar stock saw a positive improvement to its Relative Strength (RS) Rating on Friday, with an increase from 69 to 74.
When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength.
This proprietary rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks matched up against all other stocks.
Decades of market research reveals that the best-performing stocks tend to have an RS Rating of over 80 in the early stages of their moves. See if Lennar stock can continue to show renewed price strength and hit that benchmark.
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Is Lennar Stock A Buy?
Lennar stock is not near a proper buying range right now. This is not the time to buy stocks during a market correction, but build a watchlist of possible emerging leaders once the market trend turns around.
Although earnings and sales growth came in at -25% and -2%, respectively, in the latest report, that showed improvement for both EPS and revenue.
Lennar stock earns the No. 10 rank among its peers in the Building-Residential/Commercial industry group. PulteGroup and Dream Finders Homes are also among the group's highest-rated stocks. For more industry news, check out "Homebuilder Stocks To Watch And Real Estate Industry News."
