Orlando, FL -- (SBWIRE) -- 09/26/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Lennar Corporation(NYSE:LEN), Staples, Inc. (NASDAQ:SPLS).
Lennar Corporation(NYSE:LEN) shares gained 1.06% to $36.39. The company on Sept. 24 said its fiscal third-quarter earnings rose 39% as revenue continued to strengthen amid increased orders and deliveries and as margins also improved.
For the quarter ended Aug. 31, the company reported a profit of $120.7 million, or 54 cents a share, up from $87.1 million, or 40 cents a share, a year earlier. Revenue rose 46% to $1.6 billion. Analysts most recently had forecast adjusted earnings of 45 cents on revenue of $1.56 billion.
Additionally, LEN‘s stock had its “buy” rating reiterated by analysts at Barclays Capital in a research report issued to clients and investors on Sept. 25. They currently have a $39.00 target price on the stock.
Are investors worried about the recent updates with LEN? Find out with a free trend analysis HERE
Staples, Inc. (NASDAQ:SPLS) stock jumped 0.10% to $14.76. The company on Sept. 24 announced Staples Connect, an exclusive offering which lets customers' home or office technology interact and be controlled by a single app. With the touch of a button, Staples Connect lets customers shut down their office, turning off lights, lowering shades and locking doors, while at the same time turning on their lights and heat at home.
Additionally, on Sep 17, 2013, Zacks Investment Research downgraded Staples, Inc. to a Zacks Rank #5 (Strong Sell).
Moreover, the company on Sept. 12 announced it will be opening a Development Center in Seattle. Staples' first west coast office dedicated to e-commerce and engineering will house teams responsible for driving major initiatives to enhance areas including next generation digital platforms, personalization, and big-data.
Is SPLS going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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