June 2025 Stock Highlights: Lennar Q3 Delivery Alert, NextEra $2B Equity Sale, La-Z-Boy Expansion & More
Explore the latest stock market movements on June 18, 2025, including Lennar's cautious Q3 outlook, NextEra Energy's $2 billion equity offering, La-Z-Boy's earnings beat and expansion plans, plus key insights into Silk Road Medical acquisition and Teradyne's upgraded forecast.
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Key Insights
- On June 18, 2024, U.S. stock markets showed minimal change midday after retail sales data underperformed expectations.
- Lennar's caution on third-quarter home deliveries led to a downturn in homebuilder stocks.
- La-Z-Boy's stock surged following stronger-than-anticipated earnings and announced expansion to meet growing demand.
The U.S. stock market remained steady midday despite retail sales in May rising less than forecasts suggested.
Homebuilder shares declined as Lennar (LEN) revised down its Q3 home delivery projections below analyst estimates.
NextEra Energy (NEE) shares dropped after revealing a $2 billion equity units sale.
La-Z-Boy (LZB) shares climbed after the furniture maker surpassed profit expectations and committed to scaling operations to satisfy increasing consumer demand.
Shares of Silk Road Medical (SILK) soared following Boston Scientific’s (BSX) $1.26 billion acquisition announcement, while Boston Scientific shares edged higher.
Teradyne (TER) shares advanced after UBS raised its price target, highlighting anticipated earnings growth for the electronic testing equipment firm.
Oil and gold futures moved higher, the 10-year Treasury yield declined, the U.S. dollar strengthened against the pound and yen but softened versus the euro, and most major cryptocurrencies experienced declines.
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