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3 Stocks to Watch: Paychex, Qihoo and Lennar

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Paychex (PAYX) has seen its stock price decline by -7.31% this year, but it received some good news, since it was listed in 76th place in Forbes 100 Most Innovative companies. Forbes ranked the companies based on Innovative Premium, or new launches, original use of resources and expansion into new markets. The stock in Monday’s trading fell 0.02% on a higher than usual volume of 2.47 million shares compared to the average volume of 1.67 million. While the stock has fallen so far this year, its 3 month performance has been a gain of 2.34%

Although shares of Qihoo (QIHU)  have fallen 28.7% for the year, it reported a positive earnings report, with a 109.6% rise in revenues and a net income increase to $39.1 million compared to $33 million year over year. The stock rose 0.88% in Monday’s trading.

Lennar’s (LEN) stock has fallen 7.56 % for the first half of the year, but traded up slightly to 0.44% in Monday’s session. The stock gained in July on an aggressive increase in housing starts, up 15.7% in July. A few analysts said this looks like the start of a positive trend for housing. Lennar will report is quarterly earnings before the market opens on September 17.

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