Lennar LEN gapped lower yesterday on poor earnings, but managed to close in the positive for the day. Beazer Home BZH is being cut 10% on news of a Federal investigation. Lennar is holding above its lows (LEN chart), Beazer is not (BZH chart).
There is spill over to the broad market. Today is not so good for my positions because my hedged positions (GDX, CHRW, C) are doing better than my unhedged positions (BA, FLR).
Smuckers SJM is up today after an analyst upgrade. The chart is a classic cup and handle breakout. I may buy on a pullback to the 50 range.
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