Diamonds and Dogs
Lennar (LEN) performing well in the New Year. The homebuilder is up 2% today and up 5% to start the year following earnings, encouraging guidance and a dividend hike from 4 cents to 12.5 cents a quarter. The 2019 bond sell-off dropping fixed-rate mortgages back to levels from the middle of the past decade, could spur sales in 2020.
Aurora Cannabis (ACB) continues to sink. The cannabis maker is down 9% today on a downgrade to a sell at Piper Sandler with a one dollar price target. The analyst didn't have much positive to say with concerns of a cash crunch with negative cash flow until the third quarter 2021 with a cash deficit of over $100 million. Weak sales in Europe aren't helping either. Aurora's stock is down 80% since the March highs from last year.
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