Jim Cramer’s Must-Watch List: 10 Stocks to Look After

2. Lennar Corporation (NYSE:LEN)

Number of Hedge Fund Investors: 60

Jim Cramer discussed Lennar Corporation (NYSE:LEN), a well-known home builder, noting that the company is set to report its results the day after the Federal Reserve’s meeting. He expects Lennar Corporation (NYSE:LEN) to present a strong performance and believes that if the Fed announces a 50 basis point cut, Lennar’s stock could be a great investment opportunity. Cramer’s analysis suggests that favorable conditions from the Fed could make Lennar Corporation (NYSE:LEN)’s stock particularly attractive.

“Lennar, a classic home builder, will report a day after the Fed meeting, which could be very enlightening. I think Lennar will tell a terrific story, and if we get a 50 basis point cut, its stock might be a terrific place to be.”

Lennar Corporation (NYSE:LEN), in its Q2 2024 earnings report, showed impressive results with a 12% increase in revenue, reaching $8.5 billion, and a 15% rise in net income to $1.2 billion. Lennar Corporation (NYSE:LEN) also improved its gross margin to 23%, up from 20%, reflecting its ability to stay profitable and efficient in a competitive market. Lennar Corporation (NYSE:LEN) is boosting its growth through smart investments and acquisitions of land in promising areas.

Lennar Corporation (NYSE:LEN)’s focus on affordable and sustainable home designs is aligned with current market needs, which should attract more buyers. The housing market remains strong, driven by high demand and a shortage of homes. Even with rising mortgage rates, Lennar Corporation (NYSE:LEN)’s focus on both entry-level and move-up homes puts it in a good position to take advantage of these trends. Overall, Lennar Corporation (NYSE:LEN)’s solid financial performance, strategic growth initiatives, and favorable industry trends make it a promising investment.