Lennar vs. Best Residential Stocks

This is a news story, published by Yahoo Finance (Canada), that relates primarily to LEN news.

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Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

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Business

Business & Economics

Is Lennar Corporation (LEN) Building Resilience and Growth in the Real Estate Market?

Summary

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80% Informative

The Federal Reserve finally decided to cut rates for the first time since 2020 .

The big rate cut could be taken as a signal from the Fed to reverse the mortgage lock-in effect.

However, the dropping mortgage rates are a double-edged sword as they could potentially raise the demand so much thereby making home buying even harder.

At Insider Monkey we are obsessed with the stocks that hedge funds pile into.

Overall, LEN ranks 2nd on our list of 10 best residential real estate stocks to buy. While we acknowledge the potential of LEN as an investment, our conviction lies in the belief that some deeply undervalued AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for a deeply undervalued AI stock that is more promising than LEN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. Disclosure: None. This article is originally published at Insider Monkey ..