all right, diana, lennar, is this a bellwether for the housing industry >> yeah, lennar and d.r. horton specifically with lennar we'll be looking at that supply chain issue because we saw both d.r. horton and lennar talk about having to slow sales because of issues with supply chain and they wouldn't want to sell homes they couldn't deliver on time. we're also laser focused on home prices we saw toll brothers report an extremely high jump in the average price per home in their last quarter so we'll be watching that as well as demand. we saw unusually high demand this fall from buyers. we want to know if that's going to continue, if they're seeing people coming through the units in december and what that will mean for the next quarter going into january >> we just showed lennar's forward pe is 8 and i'm thinking that can't possibly -- there must be something wacky going on there. tell me how you think the stock is valued and if you'd be a buyer. >> obviously that's well under what its long-term valuation should be. if you look at the market right now, diane is right that there's v

lennar, adobe, darden. should you be trading or fading these stocks right now we're going to find out when "fast" returns we are back in two ♪♪ ♪♪ move your money to sofi. download the app and get your money right. small businesses like yours make gift-giving possible. now, comcast business has an exclusive gift for you. introducing the gift of savings sale. for a limited time, ask how to get a great deal for your business. and get up to a $500 prepaid card with select bundles when you switch to the network that can deliver gig speeds to the most businesses. or get started with internet and voice for $64.99 per month with a 2-year price guarantee. give your business the gift of savings today. comcast business. powering possibilities. >>> all right. welcome back to "fast money. look at that chart things are rocking in the rock city that is detroit of course. shares of ford and gm have been booming lately ford, it had a big move today at more than 6%, or actually almost 10%. now at a 20-year high. the

they have been able to grow into themselves i like lennar, but i prefer d.r. horton >> peter was saying the pace of the fed rate hikes is going to be glacial even if they keep it at three do you think this is an overall impact to this strong market >> if anything, builders have been breathing a sigh of relief for the second half of the year. they knew that rates couldn't go that much higher in the housing sector overall it is affordability it's great for the home builders, but there is an affordability issue. i know lowe's was out there with caution and here is lennar with news that's disappointing and down significantly after hours home improvement stores play us. the multiples around the board are not demanding, especially not at williams and restoration. high teens and low 20s home depot and lowe's are in the sweet spot of a cycle. >> we are just getting started on "fast money." here is what is coming up next -- >> are there any deals brewing in the biotech space >>> plus, don't blink or you may miss this next fast pitch. exploring the heart of historic eur

dave winston thank you for joining us. >> sure. >>> up next, the supply chain home wrecker, lennar share prices are sinking because it hasn't removed the endless mundane work we all hate. ♪ ♪ ♪ automation can solve that by taking on repetitive tasks for us. unleash your potential. uipath. reboot work. you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >>> you're watching "power lunch. i'm seema mody lennar tumbling after weaker earnings than expected home builder squeezed by higher lumber and wage costs and material shortages weighing on the housing group. home construction etf falling after a serge in housing starts in november. its best month since march one of our next traders says could be more pain ahead for the home builder trade bring him in, and matt, housing incredibly strong thanks to lower rates, lower inventory as well, but lennar's results, how concerned should investors be? >> wel

we get earnings from lennar. regular viewers know i'm a huge fan of toll brothers, but i also like lennar and i bet it will report a terrific set of numbers. however, this is coming on wednesday night on the heels of the fed meeting. i expect the stock to get dinged, but we know the demand for homes is at an all-time high if toll's stock gets hit off lennar, you have my blessing to do buying. if jay powell starts talking about a series of lockstep rates, we're not going to want to own that at all also on wednesday, eli lilly holds its investor meeting it's an expensive stock. as i told members of the investing club at our meeting, i bet we'll get good reads on a number of drugs. one for diabetes which also has good component against obesity, and one for alzheimer which i think is better than biogen. you know i do a lot of work with the american migraine foundation, with the brain foundation these could be potentially multi-billion dollar franchises. we own lilly for the travel trust. while i don't know how positi

. >>> shares of lennar up, one options trader sees even more gains ahead. we'll brawn down the actions we'll brawn down the actions when "fast money" returns.fiden. this is my granddaughter... she's cute like her grandpa. voya doesn't just help me get to retirement they're with me all the way through it. come on, grandpa! later. got grandpa things to do. aw, grandpas are the best! well planned. well invested. well protected. voya. be confident to and through retirement. >>> welcome back to "fast money. the stock rallies more than 3% on the black of a bullish note, upgrading the stock to a buy karen, do you like lennar? >> i do. i like the space in general. i like that it was an interesting piece, spinning off some of their noncore assets, having they largest communities. they think they can lower the sg & a i look the whole space i do own home depot and lowe's as more of a related play, but i like this call. >>> coming up. apple games this week has caught apple games this week has caught e eye of some options trader at pgim, the pursuit is on for outperform

eli lilly's ceo there. >>> lennar earnings are out. and diana olick has those for us >> it was a bit of a mixed bag for lennar eps came in at $3.91 a share versus estimates of $4.15 a share. so that's a miss but revenue was a beat came in at $8.4 billion versus estimates of 8.279 billion revenue was up 24% year over year new orders up just 2% year over year but this was referred to as controlled new orders. we know that the builders like lennar as well as dh horton mentioned last week that they're controlling their new sales because they're concerned about supply chain issues and labor shortages and not being able to deliver the homes fast enough. so, again, this is a controlled new order. so, he also noted though that there are continued supply chain challenges, but also very strong demand outweighing supply. the one thing i'm looking at here is average price. $448,000 in q4 that's up from 393,000 a year ago. and guidance for q1 of next year average home price 460,000 so prices continuing to rise very strongly. no mention in this repo

we don't think of this as earnings season but there are strag lers out there, lennar. >> housing has been really strong last week, toll brothers on their conference call said stronger for longer in terms of demand because we have underproduced for the last decade i want to hear if lennar has the same kind of tone and backing. of course, orders and closings will be important. but also, pricing power. 40% of their revenues come from the west coast so that's -- those are areas, those states are seeing faster growth and they have pricing power. then, of course, they are spinning off their asset management business but we don't know a lot of details you know me, i like spins i like the parent company and spinco company so i am eager to hear with a they have to say. >> accenture is also on your list of ones to watch. >> this is just a compounder, tyler. enterprise spend and recovery story. we saw it from broad com, from cisco, from hpe. i think we are going to see it at accenture, consulting is going to be strong because companies are digitalizing their business asks replacing legacy asset

lennar one of the bigger winners. >> goldman sachs upgraded lennar from neutral to buy, citing the role of larger volume-focused communities supporting double-digit revenue growth. and also lennar spinning off of some noncore assets like its single and multi-family rentals, and potentially a portion of its housing-related technology investments, so-called arm linex. goldman downgraded dr horton noting its ability to expand market share but saying the upside in the lock limited that downgrade to neutral from buy. back to you. >> thanks so much for that what's your take, lindsay, on the home builders? what's the outlook at the moment for them >> i think if you look at the home builders, whether you're looking at lennar or dr horton or the etf, i think you've seen they've been winners this year, and especially in the last month despite the volatility that you've seen in the s&p 500 and that's because home builder confidence remains very high despite supply chain concerns. i think what we're seeing within the home industry is that we are in a secular trend upward where we're seeing millenni

by the way, lennar, dr horton and making record highs in today's trade. and then moving in the opposite direction. i don't know if it was because of the covid pandemic and different retail trends developing and shopping trends stitch fix online retail for clothes subscription based they send it to you in a box a curated set of clothing. stitch fix down 23%. results came out after the closing bell last night. believe it or not the profit/loss numbers were better. revenue numbers better than analyst expectations some of the slowing growth momentum in this particular stock among users. they cut their revenue forecast for the full year. so, take a look at stitch fix, kelly, down 23% right now. and i will point out 67% on a year-to-date basis and been pretty much almost a straight line lower over the course of this past year >> dom, thank you very much. >>> the market shrugging off more broadly speaking that pfizer news we got today that the booster shot provides increased protection against omicron. let's bring in bob pisani down at the nyse. this was priced

lorraine, talk about the other name you like, and it is lennar. housing market has done a gangbuster business in 2021. why the name in particular? >> when we look what is going on in housing, we have the millenials, all deciding to buy a home as well as many of the baby boomers retiring early and moving, buying a new home. so with that, we also see that homebuilders over the last 15 years have not built enough homes. so we're sitting on a 5.4 million shortage of housing. so with that, companies like lennar who actually have a lot of cash on their balance sheet and they're well-positioned no matter what happens with housing prices. they have a 25,000 home building short lag right now, in there, that they're building and so, as supply chain, kind of works its way through, they will be able to catch up on their backlogs? liz: we have about 20 seconds left here. do you think that we see a bounce-back tomorrow in these markets which have been down for the count today? >> we to. you know, whether it is tomorrow or the next day, we've seen quite a bit of

thinking, a great home annual it's said this could happen lennar is a truly fabulous company. i did not feel their statement was as bad, but the language was certainly not as rosy, say, as toll brothers. you have the housing calls and adobe, the best dahl point, that is 23409 that good, so a little more circumspect, but i still expect a santa claus rally i do want to point out at the top tomas, my friend john ellis, who has a great newsletter, the omicron question you were quoting that if you haven't gotten omicron, you will get it if you're not vaccinated. a lot of people are saying you're being so political. if you knew who i voted for, the idea that you think i'm political is insane. >> let's get to the opening bell here on this thursday. cnbc real-time exchange. it's bowlero, celebrating a spac 30 under 30 honorees, and micka brzezinski is there ringing the opening bell. >> i lime valero over bowlero. >> speaking of which, w.t.i. back over 21. >> the seven -- i had al monaco on last night, ceo of enbridge, and i asked him about billing pipe -- coned said the city is not go

lennar has class b shares which trade at about 20% discount in more liquid class a shares. toll brothers is probably the most differentiated with the biggest mode around it because it focuses on the high end of the market with homes costing close to a million dollars. it's probably the biggest beneficiary of the work from home trend because higher income workers can take better advantage of that. >> if mortgage rates were to go up that could hurt the market, andrew, but then again, the ten year slipped to 1.35 on friday, so maybe rates are going to stay low. thanks a lot for your insights. we appreciate it. >> glad to be here. >> up next, roundtable members will give their investment ideas for the coming week. jack tells us whether we should trust a robot stock picker. stay right there. that's a nice truck. yeah, it's the chevy silverado. check out this multi-flex tailgate. multi-flex, huh? wow. it becomes a step. mom, dad's flexing again. that's not all. you can extend the bed for longer stuff. is he still... still flexing. that's right! and, it becomes a workspace... you

lennar has class b shares which trade at about 20% discount in more liquid class a shares. toll brothers is probably the most differentiated with the biggest mode around it because it focuses on the high end of the market with homes costing close to a million dollars. it's probably the biggest beneficiary of the work from home trend because higher income workers can take better advantage of that. >> if mortgage rates were to go up that could hurt the market, andrew, but then again, the ten year slipped to 1.35 on friday, so maybe rates are going to stay low. thanks a lot for your insights. we appreciate it. >> glad to be here. >> up next, roundtable members will give their investment ideas for the coming week. jack tells us whether we should trust a robot stock picker. stay right there. ♪♪ this flag isn't backwards. it's facing this way because it's moving forward. ♪♪ just like the men and women who wear it on their uniforms and the country it represents. they're all only meant to move one direction which is why we fly it this way on the flanks of the all-new grand

lennar has class b shares which trade at about 20% discount in more liquid class a shares. toll brothers is probably the most differentiated with the biggest mode around it because it focuses on the high end of the market with homes costing close to a million dollars. it's probably the biggest beneficiary of the work from home trend because higher income workers can take better advantage of that. >> if mortgage rates were to go up that could hurt the market, andrew, but then again, the ten year slipped to 1.35 on friday, so maybe rates are going to stay low. thanks a lot for your insights. we appreciate it. >> glad to be here. >> up next, roundtable members will give their investment ideas for the coming week. jack tells us whether we should trust a robot stock picker. stay right there. [ chantell ] when my teeth started to deteriorate, i stopped hanging out socially. it was a easy decision -- clearchoice. [ awada ] the health of our teeth plays a significant role in our overall health. chantell was suffering, and we had to put an end to that. the absolute best way to do th

lennar has class b shares which trade at about 20% discount in more liquid class a shares. toll brothers is probably the most differentiated with the biggest mode around it because it focuses on the high end of the market with homes costing close to a million dollars. it's probably the biggest beneficiary of the work from home trend because higher income workers can take better advantage of that. >> if mortgage rates were to go up that could hurt the market, andrew, but then again, the ten year slipped to 1.35 on friday, so maybe rates are going to stay low. thanks a lot for your insights. we appreciate it. >> glad to be here. >> up next, roundtable members will give their investment ideas for the coming week. jack tells us whether we should trust a robot stock picker. stay right there. what is... an overpass? come on! question, is that an “s” or a “5”? think it's a 5... i thought so. argh! frustration...loading. [sfx: laser sounds] nobody wants more robot tests. but we could all use more ways to save. chai latte, for “rob ott.” for “rob ott.” error human. [

lennar has class b shares which trade at about 20% discount in more liquid class a shares. toll brothers is probably the most differentiated with the biggest mode around it because it focuses on the high end of the market with homes costing close to a million dollars. it's probably the biggest beneficiary of the work from home trend because higher income workers can take better advantage of that. >> if mortgage rates were to go up that could hurt the market, andrew, but then again, the ten year slipped to 1.35 on friday, so maybe rates are going to stay low. thanks a lot for your insights. we appreciate it. >> glad to be here. >> up next, roundtable members will give their investment ideas for the coming week. jack tells us whether we should trust a robot stock picker. stay right there. trelegy for copd. [coughing] ♪ birds flyin' high, you know how i feel. ♪ ♪ breeze driftin' on by... ♪ if you've been playing down your copd,... ♪ it's a new dawn, it's a new day,... ♪ ...it's time to make a stand. start a new day with trelegy. ♪...and i'm feelin' good. ♪ no o

the average price almost double that of its competitor lennar. we do have a number of issues to think about going into 2022. one of them is those backlogs we have been seeing, a number of contracted homes that have not had construction on them is at a record high. builders don't know what to do with because they are facing or what they will be. that is something to keep in mind as we have those labor headwinds ahead of us. kailey: great look at the housing market. that will wrap it up for jon erlichman and myself. thank you for joining us. happy holidays. the s&p closing in on a record high. it looks like we could close at a all-time high. right now trading at 4762. from new york and toronto, this is bloomberg. ♪ hey, angie! you forgot your phone! hey lou! angie forget her phone again? yep. lou! mom said she could save up to $400 on her wireless bill by switching to xfinity internet and mobile. with nationwide 5g at no extra cost. and lou! on the most reliable network, lou! smart kid, bill. oh oh so true. and now, the moon christmas special. go

lennar really missed i'm not playing the stock market game i know the stock market. it's not as strong as what the futures look like. >>. >> we talk about the variant, but we are seeing it spread in a meaningful way -- >> every day, okay every day i get up and i take it i wish everybody else did. i got a box of 40, just take it and take it. you think thinks an inspiration for me to go to macy's, go to the mall i just think that we're not as cognizant that everybody will get one, so in that environment i'm not buying that the market is going to roar we'll have a santa claus rally and there should be some stocks that go up, but once again, like jay poly -- as the late monty said, don't fight the fed. we're now fighting the fed even though people may want him to crush the economy, he's formidable, and it is it's much harder to be in a lot of stocks if you're losing money if you're in companies that are losing money, you should sell them >> i salute you for testing. we've been doing the same thing. we've got to figure out a way to make them even cheaper unfortunately the

when we heard about jason and his story, living in meridian knowing we had an enthusiastic builder in lennar but wanted to provide home we knew it was a perfect fit and was a great way to provide home and take a huge weight off their shoulders. >> i can only imagine the excitement that family had especially because you said they thought it was just a last-minute change, they didn't think they were getting the house. >> they didn't. they thought they were coming in for an interview today and they set out and we worked with the local city here so they ended up with a fire truck with the flag flying and over 100 people lining streets to celebrate them as they came here but it was a surprise to them. >> seeing how happy they look in those pictures gives me chills in the best way possible. between the groups you built 12 mortgage free homes for our heroes. how many more do you plan on doing? >> we plan on doing 10 or more in the future, we saw great opportunity in boise to say the first home in the market to a deserving military family. we talked to rusty in boise. >> if someone is watching and w

result, we like the affordable home builders that are very large, people like hovnanian and kb and lennar. and even though interest rates will continue to go higher at some point, we don't know when -- of course, sounds like we've been saying that for 10-plus years now, interest rates are going to go higher, interest rates are going to go higher. we think the trend is still going to continue. lauren: ed, can you give me 7 seconds on amazon and why you like it for the new year? >> i think, again, with the uncertainty with omicron and covid, people are goingo continue to buy remotely. amazon, certainly, can do that. and, of course, they're one of the big providers of home entertainment. lauren: ed, thank you. todd, don't think i didn't notice the tuxedo, i did. [laughter] we're out of time. markets wrapping up the year -- ♪ >> hello, everyone, and welcome to "kudlow." i'm sean duffy in for larry kudlow. happy new year, everyone. pride ifen's first year in office was filled with broken promises on beating the pandemic, the crisis at our southern border, the disastrous afghanistan withdrawa

. >> that will be big in addition to the rest of the week including lennar and jbill upgraded today over at goldman sachs, i believe, lilly, amex, baba, delta and of course, ppi and the fed meeting which is going to tell us a lot more about how the fed not only views the pace of the taper which is slowly being built into expect eggs and also the pace for any future rate hikes in 2022 and that will be big what a week, with cpi under our belt and let's get to sully filling in for the judge and the half >>> thank you, carl, julia and john "the halftime report" starts right now. i am brian in for scott today, the word of the day, the word of the week, the word of the year is inflation absolutely flying now at its fastest rate of price gains since all of the way back in 1982 "return of the jedi" territory stocks, they don't seem to care, but should they? we'll dive into what this means for the fed's tapered timeline, your money and the high-flying valuation stocks you have loved for so long and whether or not we will get a santa claus rally this year or maybe we already had one. we'll debate

you can see there, a lot of gains there for the home builders toll brothers, lennar, kb home, dr horton, all closing in the green. the broader sector etf, the spider home builders etf up as well today let's break down the housing trade. tim, how are you playing it? >> i tend to like the trains, the carriers some of the hvac parts and the home depots, lowe's for sure and we talk about restoration hardware and williams sonoma valuations, especially at a williams sonoma, not aggressive here and i think the world we live in, with the consumers still continuing to spend on prices in their houses that give them more equity value, i think these are stocks to stay with. >> bk, do you sit with the builders or go with the lowe's, home depot, william sonoma, the remodeling type trade? >> yeah, i feel like the remodeling trades are long in the tooth. look at lowe's and home depot, they have done really well i would be taking profits in those. how much better is that going to get? again, you have the situation where you had a perfect wonderful storm for these companies. and if anything, i would look

raw materials to build new homes the november how muching starts buildingperts out 30 minutes' time lennar down 6 1/4% the market looks good up 200 on dow industrials, following the federal reserve decision to wind down asset purchases we are expecting fed talk about inflation exactly what we got jay powell commenting on direction of inflation, yesterday, watch. . >> these problems have been larger, and longer lasting than expected exacerbated by virus overall nation well above 2% longer run goal will likely continue to do so well into next year. maria: well into next year. joining me right now ceo chairmen of strategicics jason trennet bear company jason good to see you. thanks for joining the conversation thoughts what you heard from jay powell yesterday? >> well, i think he is -- i think he is late. and i think this has been -- i have to say i can't say this he strikingly big surprise for a lot of us, in the markets. originally, realclearpolitics talked about how word "transitory" started as forecast turned out a whole largely a functional line, i think there are so many mistakes that h

we don't build as many houses as we did 40 years ago, so i think the housing story is a good one for lennar and toll, they do very well. >> toll has been a good stock to own. >> it's well run company. >> that's important. >> doug is the real deal it's a philadelphia company, so therefore it's fabulous, but i do think -- >> i know one, we work for it. >> okay. okay toll is up 65% for the year. you don't have to outthink this market you just have to go with the companies who say, they come on "mad money" and say things are really, really great you don't immediately say that guy is a fraud how about that guy is the deal he is the one. you're never going to let it go. we're shy of the s&p closing high let's get to bob pisani. >> good morning, everybody we get this pfizer news, and this is what we get? a flattish nothing open? it seems disappointing, unless you understand the concept of sell on the news this is a classic wall street play here. look at the time sectors right now. modest up side in some of the energy stocks, health care, banks, tech is lagging, semis for the most part are flat to

we've heard from big names like lennar and dr horton and toll brothers the luxury builder, they have huge backlogs of homes because they're waiting on supplies, waiting for these to come in. the prices are higher and pushing the prices higher and they are slowing sales because they're concerned they won't get the homes done quickly enough and get them to their customers. again, that's why you're seeing the lower sales, that's part of it we want to say that mortgage rates rose dramatically in november based on signed contracts during the month so people out shopping during the month of november, those higher mortgage rates having an effect on home sales. not a great way to go into the new year carl >> diana, thank you for that wrapping up just a host of data today on the macro font, both you and rick thanks so much >>> good thursday morning. welcome to another hour. i'm carl quintanilla with david faber and leslie picker. morgan brennan has the morning off. s&p just a stone's throw from an all-time intraday high as the rally turns to a third day and we look for some more tools in the

lennar, dr horton and especially luxury builder tollbrothers all up tomorrow we get the numbers on new home sales in november, so we'll see what the stock reaction to that is. back to you guys >>> named amazon its top pick for 2022 the firm says amazon is gaining market share by leveraging its sticky prime customer base, expanding into new retail categories like grocery, pharmacy, fashion, and growing aws to enhance profitability meantime, amazon reportedly facing antitrust scrutiny from the federal trade commission the ftc chair advancing a probe into amazon's cloud computing business they told cnbc it does not confirm the existence or comment on the investigations. josh, you said you just picked up some more amazon, not worried about any antitrust scrutiny ramping up here? >> i mean, antitrust scrutiny will be a permanent feature of the landscape for amazon for as long as we all live and for as long as the company exists and, actually, there are arguments to be made that in the rare case that four years worth of legal battling from now all of a sudden they're forced to make aws a sta

wednesday, followed by jobless claims and housing starts on thursday on the earnings front we'll hear from lennar and then darden and others for more on this right now let's bring in barry knapp, managing partner and director of research at iron side's macro economics we had so many things happening last week, maybe the cpi information is something to really pay attention to. where do you come down on inflation and what the fed might do in reaction >> well, i think as we get into next year, we're for sure going to see goods related inflation coming off, it's running at 9:00 p.m. -- running at 9%. it's been a theme we're not going to get prices like we had in the '90s, 2000s and '10s any longer so that was going to push the trend up it's unlikely to remain at 9 what we will find in 2022 as goods flags inflation come down, goods clear, we're going to be left with higher sectors. we're getting transitory disinflation in health care and education, those are likely to pick up. the fed has themselves in a bit of a pickle here, even if they're right to an extent that this is transitory, meaning the good

show you what is happening with homebuilder lennar. goldman sachs calling it a buy worth $140. that is up by a third. because the housing market according to goldman is still red hot. that will help len nair out. david: although lumber prices are going up again. they were gone down a little bit, but going up again because of new tariffs the biden administration in the infinite wisdom, finally coming down they put on tariffs. take a look at this. this is really awful stuff. a los angeles mother was mugged with her babe in a carriage right outside of their home. it was all caught on camera. lauren, did police find out who did this? lauren: they are searching for the two suspects described as young black men. this is in broad daylight. corner ad mom, mugged her in her own driveway with the infant in the carriage. got away with the diaper bag and bottle cooler. look if you're a young guy who wants to get away with a pretty penny, you don't want a bottle cooler. how brazen. those are the cars in her driveway and front gate. it is affluent neighborhood in front of them. followed her