The seasonal builder trade produced the best return since 2016, says Jay McCanless, SVP of Equity Research and Homebuilders at Wedbush Securities. He discusses homebuilders, specifically Lennar (LEN) and KB Home (KBH). Wedbush gives Lennar an outperform rating with a $110 price target, and KB Home is to report its earnings on Wednesday, postmarket. Tune in to find out more.
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