TheStreet

Verizon Jumps and Home Depot Slumps as Dow Winners and Losers

TheStreet

Thu, Jul 10, 2014, 4:56 PM

Shares of Home Depot slumped while Verizon jumped on Thursday making it TheStreet's Moves of the Day. Home Depot, which has enjoyed a rising share price on customers spending more money to make home improvements amid the rebound of the housing market, received a second-quarter, one-cent-per-share downgrade by Deutsche Bank analyst Michael Baker. It appears the frigid winter weather, which slowed economic growth in the U.S. by nearly 3% in the first quarter, may still cause a drag in the industry. Investors were cheering Verizon's stock on Thursday after the telecom giant's CEO announced that it added 1.4 million subscribers in the second quarter of 2014. Chief Executive Lowell McAdam said in an interview with CNBC that the company witnessed record tablet growth.

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Verizon Jumps and Home Depot Slumps as Dow Winners and Losers

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