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U.S. Morning Call: Lennar results show housing recovery

Monday, June 24, 2013 - 03:53

Jun 25 - Lennar reported a stronger-than-expected 53 percent rise in second-quarter revenue, reflecting continued strength in the housing recovery.

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SS tried to shrug off the curse of the Fed will today be today they finally do it at the top of Tuesday's morning com. Yeah Richard at least -- off to a promising start S&P Dow and NASDAQ futures all pointing up. A budget economic numbers we'll set the pace today including three key -- housing market. The S&P case Shiller home price index showing a slight bump -- prices for April consumer confidence data for -- is also on the schedule. Bonds also holding steady today with the yield on the ten year falling from two year highs. Retail investors could be in for a shock when it opened their quarterly mutual fund reports next week and fine how much money they've lost in the bond market. Corporate bonds as measured by the Barclays investment grade index had been a couple of under 1% 2013. -- now. Three point 74%. For the year staggering 450. Basis points -- turn in just four weeks. President Barack Obama will attempt to kick start his global climate agenda this afternoon and that gives us a few stocks to watch. About his plan includes big cuts in carbon pollution which hit coal producers such as Walter energy and power giant southern and AEP. Yesterday shares of Walter energy fell 16%. In anticipation of Obama's speech. And other and natural gas producers and solar and wind energy firms could pick up business if plants decide to switch from coal to avoid the cost cutting. Our next stops to to watch Men's Wearhouse. George -- not liking the way he looked after being fired last week. -- what is exclusive has now uncovered that -- how did butting heads with the board. CEO for several weeks over raising her -- top executives. And a potential sale of the changing brand. Zimmer may attempt to stage a comeback but his options are still unclear. Shares of men's warehouse are up 50% in the past two and a half years. We've got an exclusive this one's about Samsung. Sources say the company wants to settle antitrust charges in the EU. A in a case involving apple if his continues in Sampson has found guilty the fun could be as much as seventeen point three billion dollars. Some big earnings out today and are posting a 53%. Jump in quarterly revenue. The results continue to show a quotes on housing recovery says the elder. And have a huge spike it. Rates well in our says it's had very little impact on sales and pricing. Let's see if the company is saying the same thing two quarters from now. Shares of -- up over 3% premarket up 28%. Since June of last year. Later Walgreen reports. Top analyst ranked by storm might predict a surprise 1% drop in earnings per share this morning -- -- -- -- Walgreen. To hold. From by. Citing concerns over sales. Shares of wal greens are up 27%. This year. And credible reports today to cruise lines slashed its forecast two times in less than three months. Question that crap luck this year with passengers sharing tales of our odd couple extra -- ships. Results will show whether lower ticket prices to reclaim customers. Has helped drive booking volumes. That's it for your Tuesday morning call and never to follow us on Twitter at Reuters Insider and get Margaret videos at twitter.com slash related -- I'm Lisa --

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U.S. Morning Call: Lennar results show housing recovery

Monday, June 24, 2013 - 03:53