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🔔Mid Day Trading Update🔔
📅Tuesday 21/6/2022📅
🟢Bullish Activity🟢
$LEN
Moving higher this morning after the home builder reported Q2 earnings of $4.69 per share $0.74 beat on revenue that rose 30.0% YOY to $8.39B above the $8.09B consensus. Q2 deliveries increased 14% to 16549 homes, Q2 new orders increased 4% to 17792 homes and backlog increased 16% to 28,624 homes all YOY. The company forecasts that Q3 deliveries will come in a range of 17000-18500 homes with Q3 gross margins expected to come in a range of 28.5-29.5%. The June 24th 63.50 put being the highest volume contract.
$CHWY
Also to the upside after Wedbush Securities upgraded the online pet products retailer to Outperform from Neutral and bumped their price target on the stock to $35.00 from $30.00. Wedbush analyst Seth Basham cited “relatively favorable pet category dynamics, “bottoming” e-commerce trends and the “attractive” valuation of the stock. The June 24th 31.00 put being the highest volume contract.
New 52-w
