NEW YORK (
were among the worst-performers in the
The S&P 500 dropped 19.1 points, or 1.43%, to close at 1,313.32.
Shares of Sears fell 8.97% Wednesday to $52.34. Along with a number of other retailer, Sears is slated to report its
Five of the six analysts who cover Sears rate it at sell; one analyst gives the stock a hold rating.
The stock has risen 64.69% year to date.
Lennar shares lost 6.71% to $26.82 on Wednesday after a
with a decline of 5.5%. The
SPDR S&P Homebuilders
index lost 3.5%.
Lennar's stock trades at an estimated price-to-earnings ratio for next year of 18.99X; the average for home construction companies is 27.48X. For comparison,
has a lower forward P/E of 18.55X.
Twelve of the 24 analysts who cover Lennar rate it at hold. Ten analysts give the stock a buy rating and two rate it at sell.
The stock has risen 36.49% year to date.
Written by Alexandra Zendrian in New York
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