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Berkshire's Lennar stake, Arena-Simplify deal, Sea Limited earnings: Top Stocks

Brad Smith, Julie Hyman and Luke Carberry Mogan

Homebuilder stocks D.R. Horton (DHI) and Lennar (LEN) are seeing a boost after Warren Buffett's Berkshire Hathaway (BRK-A, BRK-B) new stakes in the companies. Arena Group Holdings (AREN) signs a letter of intent with Simplify Inventions. Lastly, Sea Limited (SE) shares sink after an earnings miss despite signaling growth prospects. Yahoo Finance's Julie Hyman and Brad Smith take a look at several trending stocks in the morning trading session.

Video transcript

BRAD SMITH: Down day for stocks, weak data from China, and a surprise rate cut from the PBOC weighs on sentiment. July's hot retail sales report adds to the food for thought for investors.

JULIE HYMAN: Yep, and they're not liking what they're tasting right now. Let's take a look at homebuilders also. DR Horton on the move after a filing from Berkshire Hathaway showed the company bought more than $700 million worth of the stock. It also saw 37% year over year increases in sales order in the last quarter-- sales orders. Shares of Lennar also moving. They were also on that Berkshire buy list. Berkshire, though, does own significantly fewer shares of Lennar.

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BRAD SMITH: We're also taking a look at Arena Group Holdings this morning, the media company that is home to brands including Sports Illustrated, TheStreet, and Men's Journal, signed a letter of intent with Simplify Inventions. It signals a potential acquisition of a media subsidiary which will increase Arena's network distributions.

JULIE HYMAN: And shares of Sea Limited are under water after they released their quarterly earnings this morning. It is not a shipping company. It is an internet company. It's Singaporean, and it lost on both top and bottom lines. And CEO Forrest Li said on the call that the company will boost investment to core ecommerce businesses but that they have strengthened their execution capabilities and increased the stickiness of their ecosystem, whatever that means. The shares are down 25%.

BRAD SMITH: They're under the sea.

JULIE HYMAN: They are. [LAUGHS]