Lennar ($LEN) podcast mentions
Luke talked about gold's big comeback and why the world's largest money managers are loading up again. He also answered questions about Lennar. And if you happen to miss it, go check out every Invest Talk podcast wherever you get your podcast. Now we have a lot of ground to cover over the next 45 minutes or so, and time permitting, we'll get to all of it. Our main focus point is about AI data centers that are eating up land, the land market. We're going to dig into what makes certain pieces of land, especially in rural areas, more valuable and what that might mean for the REIT market and the real estate market more broadly. We also have other topics on the docket. One is this recent report about OpenAI going or raising money at a $1.2 trillion valuation before they go public. But I want to connect it to a recent headline about AI killing humans by 2030.
Justin Klein · InvestTalk · AI Data Centers Are Eating the Land Market: Real Estate's Next Big Disruption · 2026-09-16It says, I would like to get your thoughts on Lennar Corporation, ticker LEN. It has been beaten down hard, but it seems like a strong cyclical value play, if that makes sense. Its balance sheet is strong. It's trading at a 0.90 book value and pays a solid dividend while also buying back shares. It's going through restructuring that is hurting the stock in the short to medium term, but I'm 26 and looking at it as a long-term play in my Roth. Is this a value trap? High interest rates and high prices have slowed growth in the short term, but what about the demand for all the young people who need homes? All righty, let's pull this bad boy up. Now, Lennar Corporation, uh, is a Miami, Florida-based home builder.
Luke Guerrero · InvestTalk · Gold's Big Comeback: Why the World's Largest Money Managers Are Loading Up Again · 2026-09-15It has no practical impact on anything, inflation or growth, but Warsh's calculus could be exactly that. I showed them I'm willing to do it and it will have limited or no impact on growth, they said. The earnings calendar is very light this week. Dave& Buster's reports Monday. Lennar weighs in on Wednesday. Carnival reports Thursday. In the news this weekend, AI creators are hitting the brakes as worries about rogue agents have rapidly evolved into existential alarm. Anthropic CEO Dario Amodei said that the progress of improving AI model capabilities should be slowed down. Over the last few months, I have become convinced that fully addressing the risks requires even more prudence, not just investing in risk prevention, but pacing the rate of capabilities advancement so that risk prevention has time to keep up, he wrote Saturday. This comes on the heels of AI scientists assigning a better than 10% probability that AI could wipe out humanity as companies hurdle towards AGI and recursive learning. OpenAI CEO Sam Altman then posted, "I agree with Dario that we need to pace the frontier. This has been a primary topic of discussions we've had at OpenAI in recent weeks. Committing to having independent evaluators with employee-like access is a great idea, and we will do the same." Altman also told Fortune that with current safety concerns, this year would not be a good time for OpenAI to go public. Tech analyst Dan Ives said this is an important step for the industry around more self-regulation on the AI model pace, but the reality is China is not slowing down anytime soon. The pace of innovation will be a focus of the tech industry/beltway with sovereign AI key, he said. And for income investors, FedEx and UnitedHealth go ex-dividend on Monday. FedEx pays out on October 1st and UNH pays out on September 22nd. Altria and Coca-Cola go ex-dividend Tuesday. Altria pays out on October 9th and Coke pays out on October 1st. That's all for today's Wall Street Brunch. Look for links to stories in the show notes section. Don't forget, these episodes will be up with transcriptions at seekingalpha.com/wsb. And join the elite community of real investors to unearth great investing ideas. Just head to seekingalpha.com/subscriptions.
Kim Kahn · Wall Street Breakfast · Fed faces a rate hike reckoning · 2026-09-13You can't do that. We've been waiting for oil to come down so long that I think it's now ingrained in the system. We can't ignore it. It hasn't gone down. The big question is what will happen to the rest of the interest rate curve, as is known, once short rates go higher? Well, the rates on the 30-year, the long end of the Treasury, go up or down if Fed Chief Kevin Morris announces a hike. You know, I actually think they're going to go down. Rates are going to go lower because these longer-term rates are set by bond traders and the bond guys just want to see some discipline from somebody in this government. Walsh could provide that discipline and it could be pretty draconian. The consequences of rate hike next week cannot be underestimated. We spend a whole piece on it coming up. We've been living in a higher rate environment for years. And the fact that rates could go even higher is daunting. If the Fed tightens, the bulls will be fighting the Fed and it's never a good idea to fight the Fed, even in tech. I think it's time to be sparing and applying your cash. The Investing Club maintains a high percentage of our travel portfolio in cash right now because of this volatile environment. And once again, I urge you to get off margin. This is not the time to be buying stock with borrowed money. We're too high. I hope longer-term rates go down for the sake of this great builder that reports after the close, Lennar. Last year, Lennar stock was at $140. Now it's at $79.60. And that's after rallying $1.70 today. As long as Treasury yields remain stubbornly higher, So do mortgage rates. And most people don't want to cash in the cheap mortgages they got earlier this decade for higher ones, even if it means they get to buy a new home. Lenore will be tough about the need to have some home relief, though, something that the president should consider because existing home sales are at a 4-decade low. It'd be better than giving everybody $5,000 if Congress stays Republican. We don't want a Trump dividend. We want first-time homeowner relief. Homebuyer relief, I should say. Thursday we have two important analyst meetings. Brinker, you know, we have them on the top.
Jim Cramer · Mad Money w/ Jim Cramer · Mad Money w/ Jim Cramer 9/11/26 · 2026-09-11Yeah. Even in single-family, uh, because they are trying to satisfy the market. There's a lot of pressure on builders to cure the housing shortage problem. Um, but yes. They are building more. And what's interesting about it is these builders are building bare bones. If you go to the Lennar website or the D.R. Horton website or KB Homes, those are kind of the big entry-level build. Well, Lennar built some higher-end homes, but they build entry-level too. They are building some really bare-bones houses. No garages. Two bedroom, two bath, tiny little houses. Very basic finishes, albeit nicer than any home you saw in Lakewood, California, or Long Beach, California, where I used to live after World War II, right in the baby boom. But we've all become spoiled as to our idea of what is basic anymore, right? So yeah, they are building some really lower-end houses to try and meet that demand. It begs the question, why didn't the builders build more entry-level housing coming out of the Great Recession? Well, they didn't because there's just no money in it. The construction materials, the cost of labor, I mean, that has put enormous pressure on builders. And home construction is still a very primitive process, which I think is completely dysfunctional. We need to, as Americans, start accepting manufactured housing. Yeah, and that's not your grandpa's double-wide trailer. The manufactured housing today is quite nice. There are two-story manufactured homes. You know, it's just more logical to build a house in a factory and bring it to the job site and assemble it there rather than doing it piece by piece.
Jason Hartman · Thoughtful Money with Adam Taggart · The Bullish Case For The Housing Market | Jason Hartman · 2026-09-03Hey, Greg, let's shift gears a little bit and talk about housing specifically in the United States. Obviously, since the last time we spoke with you, you all bought or you bought the— made the acquisition in Taylor Morrison for $6.8 billion. We also saw in the latest filings that came out you had increased the stake in Lennar. So these are just some of the ways that Berkshire kind of plays into housing. But you have so many different places that you are kind of measuring how the housing market is doing, from the paints that you sell, from other things that go into housing building, but also from the real estate portfolio. In Berkshire Hathaway real estate that follows through all of that. What do you see happening in the housing market, particularly as interest rates and mortgage rates are rising in the United States?
Becky Quick · Squawk Pod · Berkshire Hathaway CEO Greg Abel & Sec. Lutnick Blames Canada 9/2/26 · 2026-09-02