Dear friends,
Here the news of the top today's Market Movers (Part 2 of 2):
? $LEN (Lennar Corp) 3.72%
Benefited from an upgrade by JP Morgan to overweight and a price target of $141 a share after reporting strong earnings and increasing the dividend last week. The homebuilder is primed to continue booking sales on a very tight housing market with limited inventory.
? $ADBE (Adobe Systems Inc) 2.58%
Surprised the market with an earnings estimate for the current quarter that topped expectations, saying profits could top $3 a share on sales that will be around $3.88 billion. The company is benefiting from a return to business spending and new software tools recently launched.
? $ENPH (Enphase Energy Inc.) 2.38%
Calling it the poster-child of the bull market. Any day investors returned to a positive mood, sending shares higher, was a day that Enphase was likely to be in the top three performers of the S&P 500. It seems it may not matter if the market closes positive or not as it now seems Enphase outperforms either way.
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