Lennar Corp

CNBC's Jim Cramer on Thursday advised investors to take advantage of falling commodity prices by adding to their portfolios."Oil's down big, gasoline's down big and you can now buy all sorts of stocks that benefit from cheaper fuel, especially the travel and leisure plays," he said.The "Mad Money" host earlier this week criticized Federal Reserve leaders for their aggressive inflation statements that he warned could drag down the market. He also called out Congress for its two spending bills, warning that they could cause…

Check out the companies making headlines before the bell:PepsiCo (PEP) – The beverage and snack giant reported an adjusted quarterly profit of $1.86 per share, 12 cents above estimates, and revenue topped Wall Street forecasts. The company also raised its full-year forecast as consumer demand holds up even as prices rise. PepsiCo gained 1.2% in the premarket.Gap (GPS) – The apparel retailer's stock slumped 6.3% in the premarket after CEO Sonia Syngal stepped down after two years on the job. She'll be replaced on an…

A 'for sale' sign hangs in front of a home on June 21, 2022 in Miami, Florida. According to the National Association of Realtors, sales of existing homes dropped 3.4% to a seasonally adjusted annualized rate of 5.41 million units. Sales were 8.6% lower than in May 2021. As existing-home sales declined, the median price of a house sold in May was $407,600, an increase of 14.8% from May 2021.Joe Raedle | Getty ImagesAmericans are canceling deals to buy homes at the highest rate since the start of the Covid pandemic.The…

CNBC's Jim Cramer said that Tuesday's market gains need to come down in order for the Federal Reserve to beat inflation as soon as possible."Right now, the best outcome would be for the averages to come down quickly, so can get it over with," he said."Powell had better hope this run won't last, or else those beach house prices, new construction jobs, Lennar homes, processed food stocks and oil prices won't be going down and staying down anytime soon," he added, referring to the homebuilder's warning in its latest…

CNBC's Jim Cramer on Friday warned investors that any upcoming market rallies will be temporary as the Federal Reserve turns up the heat in its fight against inflation."Until we see a pattern of higher unemployment, lower consumer spending and lower oil prices, just presume that you need to sell stocks into any rally because the Fed's going to make sure those rallies are temporary," the "Mad Money" host said."That said, I think the economy has already weakened substantially here, so the pain might be over faster than…

Jake and Stephanie Murphy are moving into a new single-family rental home built by American Homes 4 Rent.Diana Olick | CNBC Real Estate CorrespondentAs demand for single-family rental homes surges, big landlords are jumping into the homebuilding business to shore up falling supplies.The push comes as more Americans have the flexibility to work from anywhere and are looking for larger spaces with outdoor areas."This market is very undersupplied. There are not enough quality homes for the number of American families," said…