Jim Cramer Discusses 17 Stocks And Blasts Zero Day Options

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7. Lennar Corporation (NYSE:LEN)

Number of Hedge Fund Holders In Q3 2024: 68

Lennar Corporation (NYSE:LEN) is a mega home builder whose fate depends on the Fed’s interest rate cycle. This dependency was highlighted in the firm’s Q3 earnings in December. Since the earnings report, Lennar Corporation (NYSE:LEN)’s shares have lost 8.8% and are down by 22.7% over the month. Volatile mortgage rates are at the heart of the firm’s troubles, with housing inventories continuing to grow while demand falls. Cramer’s remarks about Lennar Corporation (NYSE:LEN) revolved around the housing industry and what he believes lies ahead for the crucial sector:

“When it comes to housing, we’re going to see a decline in the price of housing as we know Lennar and Tol. Because they can’t move the houses.

“These Tol numbers went from a million to nine hundred and fifty but it’s not going in the right direction. Lennar, you know the guidance, they didn’t give you the guidance. The guidance was not the guidance.

“You’re building a supply of homes. Which is really what causes a top.”

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