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Today’s Research Reports on Stocks to Watch: Home Depot and Caterpillar

NEW YORK, NY / ACCESSWIRE / December 11, 2017 / Shares of Home Depot had a modest close in the green on Friday. It was last week that the nation's largest home improvement chain store announced a share buyback program. Shares of Caterpillar saw a slight close in the green on Friday as well, despite a report last week revealing that the company has to pay $25 million in fines and restitution for cheating its customers on unnecessary repairs.

RDI Initiates Coverage on:

The Home Depot, Inc.
https://rdinvesting.com/news/?ticker=HD

Caterpillar Inc.
https://rdinvesting.com/news/?ticker=CAT

The Home Depot, Inc. shares closed up 0.77% on a little over 5 million shares traded. The company recently announced a $15 billion share buyback plan. The announcement last week revealed that the company's Board of Directors had authorized a share repurchase program, which allows Home Depot to buyback $15.00 billion in outstanding shares. The company will be able to reacquire shares of its stock through open market purchases. Home Depot plans to buy back shares worth $12.5 billion over the next three years and $2.1 billion I the current quarter. CEO Craig Menear stated, "The retail landscape is changing at unprecedented rates and we plan to invest for the future to address the evolving needs of our customers."

Access RDI's The Home Depot, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=HD

Caterpillar Inc. shares closed in the green on Friday up 0.68% on nearly 2.5 million shares traded. Average trading volume for the stock is nearly 3.5 million shares. Last week it was announced that a wholly owned subsidiary of the company, United Industries LLC, will pay $25 million in fines and restitution for cheating customers. The Wall Street Journal reported that the company entered a guilty plea in the U.S. District Court for the Central District of California last Thursday. The company said that it had taken a "corrective action against employees involved in this matter" and also "enhanced its compliance program." According to the case, the subsidiary's supervisors had staffers destroy brake parts, loosen and handles, and wheels, in order to increase revenue for repairs that were unnecessary. The evidence was tossed into the ocean to hide it.

Access RDI's Caterpillar Inc. Research Report at:
https://rdinvesting.com/news/?ticker=CAT

Our Actionable Research on The Home Depot, Inc. (NYSE: HD) and Caterpillar Inc. (NYSE: CAT) can be downloaded free of charge at Research Driven Investing.

Research Driven Investing

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.

Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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SOURCE: RDInvesting.com


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