Stocks Rally: Key Gains for D.R. Horton, Lennar, JD, and Uber

1. D.R. Horton (NYSE: DHI)
D.R. Horton surged by 7.26%. Citigroup downgraded D. R. Horton to Neutral and reduced the price target to $156, citing a potentially sluggish US housing market. D. R. Horton reported revenue of $16.833 billion for the quarter ending March 31, 2024. Keefe, Bruyette & Woods maintained an Outperform rating with a $178 target.

2. Lennar (NYSE: LEN)
Lennar surged by 7.01%. Lennar reported fiscal 2024 Q2 revenue of $160.79 billion and net profit of $16.81 billion. Citigroup, Raymond James, and Wedbush downgraded Lennar's rating to neutral, with varying price targets.

3. Jd (Nasdaq: JD)
Jd surged by 6.99%. JD.com plans to establish JD MALL in Beijing's Shuangjing area, taking over the location previously occupied by Carrefour. JD.com has already opened 14 JD MALL stores nationwide and continues to expand its physical presence aggressively.

4. Lennar (NYSE: B)
Lennar surged by 6.66%. Oppenheimer and DA Davidson maintain their ratings on Barnes Group as Outperform and Buy respectively, both with a new price target of $48.00. Barnes Group reported Q1 fiscal 2024 revenue of $431 million and net income of $1.95 million.

5. Uber Technologies (NYSE: UBER)
Uber Technologies surged by 6.08%. Uber Technologies utilizes Google Cloud for data infrastructure modernization. Wells Fargo maintains an Overweight rating on Uber with a $91.00 price target. Piper Sandler also maintains Overweight rating with an $88.00 target. Uber launches "Less Car, More Life" campaign to reduce car usage among drivers.