LennarNYSE: LEN

One of Harris' suggestions could greatly boost these Buffett stocks.

Sadly for those looking to buy homes, mortgage rates have increased significantly in October. As of October 23, the average rate for a 30-year mortgage is 6.92%, which is the fourth consecutive week of increases.

This is the perfect moment to invest in this stock recommended by Buffett.

On September 25, 2024, Micron's Board of Directors announced a quarterly dividend of $0.115 for each share. This cash payment will be made on October 23, 2024, to those who own shares as of the end of the day on October 7, 2024.

Lennar Corporation announced its earnings for the third quarter of fiscal year 2024 on Thursday. Although they exceeded expectations for earnings per share and revenue, the market reacted negatively. In this update, I explore the reasons behind the decline in LEN stock and consider if the outlook for the industry has shifted with the Federal Reserve beginning to lower interest rates, while also questioning if the impressive 24% increase in LEN shares this year is warranted after a strong 2023.

There are several strong options for the best stock to purchase as interest rates decrease. However, one stock stands out above the rest.

Brian Vendig, the president of MJP Wealth Advisors, appears on CNBC's 'Power Lunch' to talk about three companies: Nike, FedEx, and Lennar.

Lennar Corporation (NYSE:LEN) will hold its Q3 2024 Earnings Conference Call on September 20, 2024, at 11:00 AM ET. The call will feature company leaders, including David Collins, Stuart Miller, Jon Jaffe, and Diane Bessette, along with analysts from various financial firms. Participants are currently in listen-only mode.

Lennar (LEN) shares fell on Friday, even though the company reported better-than-expected quarterly results. However, the homebuilder's outlook did not impress investors.