Diamonds and Dogs


Lennar (LEN) is ready for the spring housing season. The No.2 U.S. homebuilder is up 9% after raising the number of houses they expect to sell this year ahead of the crucial spring selling season. The homebuilder said it would sell 45,765 homes in fiscal 2018, compared with its previous forecast of 32,000-32,500 units. The raised expectation follows a strong first quarter in which the company reported higher revenue and profit.

Things are a little cloudy at Cloudera (CLDR). The software firm is down 40%, its lowest level since going public last year following disappointing guidance. The stock has shed roughly $1.25 billion in shareholder value by midday, despite beating analyst estimates for fourth-quarter earnings. Chief Financial Officer Jim Frankola said the company expected "uneven results" while it made changes to corporate structure.The company's competitors include Hortonworks, as well as cloud infrastructure providers like Amazon, Google and Microsoft.

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.