An economy that’s been good for the rich makes shares of high-end homebuilders a better bet than those focused on entry-level buyers, according to one Wall Street analyst. Keefe Bruyette & Woods’ Jade Rahmani this week upgraded luxury builder Toll Brothers Inc. to outperform and downgraded broader-based Lennar Corp. , saying that the former will be better able to defend margins given the economic ...
An economy that’s been good for the rich makes shares of high-end homebuilders a better bet than those focused on entry-level buyers, according to one Wall Street analyst. Keefe Bruyette & Woods’ Jade Rahmani this week upgraded luxury builder Toll Brothers Inc. to outperform and downgraded broader-based Lennar Corp. , saying that the former will be better able to defend margins given the economic backdrop. “The K-shaped recovery theme has become more pronounced,” Rahmani said in a phone interview, citing surging gasoline prices, accelerating inflation and mortgage interest rates that have been climbing, contrary to expectations, and a somewhat uncertain job market, all of which pressures affordability. “If you’re buying a house, it’s really challenging,” he said. At the same time, an “ebullient” stock market is making wealthy people feel more comfortable, Rahmani said, flagging data showing rising spending on luxury hotels, premium airline tickets, high-end retail goods and pricey restaurants. The latest home sales data showed the median price of a new single-family home increased 2.2% in April from a year ago to $422,500. Fewer houses priced less than $300,000 sold, while more contracts were signed on homes in the $400,000 to $500,000 range. In May, the median sales price of an existing home climbed 1.3% from a year ago to $429,300 . Toll’s average home price tops $1 million , and the company is seeing order growth and solid gross margins, giving them a leg up in an incentive-heavy environment. Toll has been offering prospective buyers an average incentive worth around 8% to spur sales, mostly via upgrades like granite counter-tops or adding a home office, according to Rahmani. The company gave an upbeat outlook and reported strong margins in its recent earnings . Meantime, Lennar’s incentives have been running around 14%, all due to mortgage buydowns . Rahmani’s new rating for Lennar was his first sell call for the stock since he started covering builders in 2010....
mapo/iStock via Getty Images Average Annual Returns (%) 1 (as of 03/31/26) Q1 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception YAFFX (Class N) 10.26 10.26 34.90 15.80 9.73 12.18 10.25 2 YAFIX (Class I) 10.37 10.37 35.18 16.02 9.95 12.39 12.12 3 Russell 1000 ® Value Index 2.10 2.10 15.87 14.31 9.43 10.58 8.64 2 S&P 500 ® Index -4.33 -4.33 17.80 18.32 12.06 14.16 9.49 2 Click to enlarge YAFFX (Class N) Expe...
mapo/iStock via Getty Images Average Annual Returns (%) 1 (as of 03/31/26) Q1 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception YAFFX (Class N) 10.26 10.26 34.90 15.80 9.73 12.18 10.25 2 YAFIX (Class I) 10.37 10.37 35.18 16.02 9.95 12.39 12.12 3 Russell 1000 ® Value Index 2.10 2.10 15.87 14.31 9.43 10.58 8.64 2 S&P 500 ® Index -4.33 -4.33 17.80 18.32 12.06 14.16 9.49 2 Click to enlarge YAFFX (Class N) Expense Ratio (Gross/Net) 4 : 1.25%/1.25% YAFIX (Class I) Expense Ratio (Gross/Net) 4 : 1.06%/1.06% 1 Returns for periods less than one year are not annualized. 2 Since the inception of Class N shares on May 1, 1997. 3 Since the inception of Class I shares on July 24, 2012. 4 The Fund has no up-front sales charges or deferred sales charges. Please refer to the Fund's Prospectus for additional information on the Fund's expenses. The performance data shown represents past performance. Past performance is not a guarantee of future results. The investment return and the principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month-end, please call 800.548.4539 or visit our website at AMG Wealth Platform . From time to time the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. Overview The AMG Yacktman Focused Fund (the Fund)( YAFFX ) returned 10.37% for the first quarter, outperforming both the Russell 1000 ® Value Index and the S&P 500 Index. The Yacktman portfolio outperformed the Russell 1000 ® Value Index for the first quarter 2026 as well as the trailing twelve months ended March 31, 2026. The U.S. markets continue to post new highs and the S&P 500 ® has compounded at mid-twenties percent returns from 2023 to 2025. Despite meaningful geopolitical events, associated oil and other commodity cost risks, and their potential to impact broad elements of the economy, the U.S. markets show no signs of slow...
sakkmesterke/iStock via Getty Images Since my March Buy report on Alpha Tau Medical Ltd. ( DRTS ), the stock is up 32%. At the time, I suggested that 2026 may be the year the firm finally shakes off its obscurity, as its pioneering efforts to deliver alpha particle radiation locally into solid tumors start to get investor attention. That thesis remains intact. In May, the company presented strong ...
sakkmesterke/iStock via Getty Images Since my March Buy report on Alpha Tau Medical Ltd. ( DRTS ), the stock is up 32%. At the time, I suggested that 2026 may be the year the firm finally shakes off its obscurity, as its pioneering efforts to deliver alpha particle radiation locally into solid tumors start to get investor attention. That thesis remains intact. In May, the company presented strong results from its pancreatic cancer study at this year’s ASCO conference. The FDA also cleared its Recurrent Glioblastoma Trial and added two US clinical sites. Alpha Tau then announced a partnership with Tolmar to bring DaRT therapies to US urological cancer patients, with Tolmar getting exclusive commercial rights for US prostate cancer usage in exchange for $15 million in manufacturing investment, a $20 million equity infusion (at a premium-above-market of $11.99 per share), with up to $161.5 million in sequential milestone money. That is a lot of activity in four weeks, and it suggests that this tiny, under-the-radar Israeli firm is finally getting the recognition it deserves. Alpha Tau is essentially innovating a new cancer treatment, one that had never been “stood up” for use despite the science being well understood. Unlike conventional forms of radiation, alpha particles are highly effective at inducing irreparable double-strand DNA breaks , resulting in targeted “cell death” while minimizing damage to surrounding tissue. This makes for remarkable tumor-killing potency. Alpha radiation delivers a linear energy transfer (LET) roughly 100 times greater than the more commonly used beta radiation. This means much higher “relative biological effectiveness” (RBE). In fact, alpha emitters can destroy cancer cells better than the beta, gamma, and X-ray radiation commonly used in external beam radiation therapy (EBRT) or approved radiopharmaceuticals. While EBRT remains one of the most widely used due to its non-invasive nature and broad applicability, it often damages health...
(RTTNews) - Citing negotiations, President Donald Trump once again called off cancelled strikes on Iran. However, Iran has not responded to it and insisted that no final decision has been made.
(RTTNews) - Citing negotiations, President Donald Trump once again called off cancelled strikes on Iran. However, Iran has not responded to it and insisted that no final decision has been made.
FinkAvenue SK Hynix ( HXSCL ) is looking to list its stock on Nasdaq ( NDAQ ) for its U.S. market debut, according to a media report, a move that would burnish the exchange's image as a home for many of the world's biggest tech names. The South Korean memory chip maker chose Nasdaq ( NDAQ ) over the New York Stock Exchange, owned by Intercontinental Exchange ( ICE ), Reuters reported, citing two p...
FinkAvenue SK Hynix ( HXSCL ) is looking to list its stock on Nasdaq ( NDAQ ) for its U.S. market debut, according to a media report, a move that would burnish the exchange's image as a home for many of the world's biggest tech names. The South Korean memory chip maker chose Nasdaq ( NDAQ ) over the New York Stock Exchange, owned by Intercontinental Exchange ( ICE ), Reuters reported, citing two people familiar with the matter. The planned listing could come as early as August , following a 230% jump in SK Hynix's stock price so far this year on the Korea Exchange. A U.S. listing is expected to broaden its investor base and raise its profile on the global stage. SK Hynix ( HXSCL ) would join a marketplace that already includes listings of tech giants Nvidia ( NVDA ), Amazon ( AMZN ), Microsoft ( MSFT ), and Alphabet ( GOOGL ). More on Nasdaq, SK Hynix Nasdaq, Inc. (NDAQ) Presents at Morgan Stanley US Financials Conference 2026 Transcript Nasdaq-100 shakeup rewards winners, ejects laggard SK Hynix Chairman says company will triple wafer capacity by 2034 SK Hynix hits $1T valuation
Momentus ( MNTS ) said on Friday it had entered agreements with new and existing institutional investors to sell 1.85 million shares in an at-the-market registered direct offering for about $25 million in gross proceeds. The offering is expected to close on or about June 15, 2026. The company intends to use the proceeds to support working capital requirements and general corporate activities. A.G....
Momentus ( MNTS ) said on Friday it had entered agreements with new and existing institutional investors to sell 1.85 million shares in an at-the-market registered direct offering for about $25 million in gross proceeds. The offering is expected to close on or about June 15, 2026. The company intends to use the proceeds to support working capital requirements and general corporate activities. A.G.P./Alliance Global Partners is acting as the sole placement agent for the offering. More on Momentus Momentus: The Pie Is Growing, But Your Slice Is Shrinking Space stocks lift off ahead of SpaceX's blockbuster IPO Space stocks extend gains on optimism around SpaceX public debut Historical earnings data for Momentus Financial information for Momentus