|Bid||214.05 x 800|
|Ask||214.03 x 900|
|Day's Range||210.67 - 214.23|
|52 Week Range||158.09 - 239.31|
|Beta (5Y Monthly)||1.00|
|PE Ratio (TTM)||21.32|
|Earnings Date||Feb 25, 2020|
|Forward Dividend & Yield||5.44 (2.57%)|
|1y Target Est||233.34|
A tight supply will raise Christmas tree prices above last year’s $78 average, but everyone should still be able to find one
Stocks surged Thursday on the back of movement on Phase I of a trade deal between the U.S. and China, but the party may have been a little too raucous because there was some hangover today as equities barely budged.Source: Provided by Finviz * The S&P 500 added just 0.01% * The Dow Jones Industrial Average eked out a gain of 0.01% * The Nasdaq Composite advanced 0.20% * For the second time this week and again on light news, American Express (NYSE:AXP) was in the spotlight, leading the Dow on what appears to be a technical breakoutSo here's where we're at with trade: Phase I appears to be a go and the tariffs that the U.S. was set to impose on Chinese imports on Sunday will be averted, explaining why Apple (NASDAQ:AAPL) ascended to a record high today.Explaining why Thursday's ebullience waned today, the White House is leaving in place some of the tariffs it previously levied on Chinese goods.InvestorPlace - Stock Market News, Stock Advice & Trading Tips"We have agreed to a very large Phase One Deal with China," said President Trump on Twitter. "They have agreed to many structural changes and massive purchases of Agricultural Product, Energy, and Manufactured Goods, plus much more. The 25% Tariffs will remain as is, with 7 1/2% put on much of the remainder."In speaking with the press today, Trump mentioned desire on China's part to get to work on Phase II of a trade package, but investors should not expect much action on that front over the near-term. * The 10 Worst Dividend Stocks of the Decade With just 13 of the 30 members higher in late trading, the Dow was likely reflecting expectations that Phase I is as good as gets for the time being. Fighting Off DataThe Commerce Depart said today that U.S. retail sales rose 0.2% last month, well below the 0.5% increase economists were expecting, a scenario almost universally blamed on Thanksgiving arriving a week later than usual. Taking some of the sting off that result was the October number being revised up to growth of 0.4%."The data suggest a slowdown in business investment and weakness in manufacturing is weighing more broadly on Americans' willingness to spend, which could mean a soft holiday-shopping season despite a relatively strong labor market, improved wage gains and record stock prices," according to Bloomberg.That's a somewhat gloomy take, the accuracy of which is challenged by the fact that on a day in which a weaker-than-expected retail sales number was revealed, Home Depot (NYSE:HD), McDonald's (NYSE:MCD) and Walmart (NYSE:WMT), Dow stocks with significant exposure to consumer spending, all traded higher. Speaking of the Consumer…Nike (NYSE:NKE) was another one of the Dow's consumer discretionary names trading modestly higher today. Nike is a name to watch over the next several days because the athletic apparel giant reports fiscal second-quarter results on Dec. 19.Wall Street is expecting year-over-year earnings per share growth of 10.5% on sales growth of 7.5%. Investors appear to be betting on a solid report from Nike because the stock is up more than 9% just this month. Gaming UpdateMicrosoft (NASDAQ:MSFT) added nearly 1% today after the company revealed plans for the Xbox Series X, the next generation of its popular video game console. As I've recently noted, 2020 is setting up to be a big year on the hardware upgrade front in the video game industry where Microsoft is one of the dominant players.Microsoft "said it will run 4K graphics at 60 frames per second, though the system has the capabilities to hit up to 120 FPS, with support for Variable Refresh Rate and 8K capability," reports Barron's.Both the Xbox Series X and the rival PlayStation 5 will be available during the 2020 holiday shopping season. Financial FunAs noted above American Express was a Dow leader today, but the same can't be said of fellow Dow financial components JPMorgan Chase (NYSE:JPM) and Goldman Sachs (NYSE:GS). * 7 ETFs That Investors Charged Into This Year However, it's worth noting that the broader financial services sector is breaking out to multi-year highs and that the group remains attractively valued. More upside could be in store next year. Bottom Line on the Dow Jones TodayAlthough Nike reports next week, there's some time between now and the true start of fourth-quarter earnings season, but there are some data points for investors to mull in that regard."The estimated (year-over-year) earnings growth rate for CY 2019 is 0.3%, which is below the 10-year average (annual) earnings growth rate of 9.1%," notes FactSet. "If 0.3% is the actual growth rate for the year, it will mark the lowest annual growth rate for the index since CY 2015 (-0.6%). Six sectors are projected to report year-over-year growth in earnings, led by the Utilities and Health Care sectors."As of this writing, Todd Shriber did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * These 7 S&P 500 Stocks Will Deliver a Repeat Performance in the Next Decade * 7 Tech Stocks to Stuff Your Stocking With * 7 Sinfully Good Casino Stocks That Could Win the Jackpot in 2020 The post Dow Jones Today: A Trade-Induced Hangover appeared first on InvestorPlace.
DOW UPDATE Shares of American Express and Visa are seeing strong returns Friday afternoon, sending the Dow Jones Industrial Average into positive territory. The Dow (DJIA) was most recently trading 25 points higher (0.
The Home Depot Inc. (NYSE: HD) is expected to bring its design center concept to Montrose Crossing shopping center, the first of its kind in Greater Washington and the only current location outside of California, the landlord confirmed. Montrose Crossing owner Federal Realty Investment Trust (NYSE: FRT) has filed an interior alteration permit with Montgomery County to build out a two-story Home Depot Design Center at 12087 Rockville Pike.
One of the leaders in MSCI's ESG rankings is Home Depot. Its impressive track record makes Home Depot stock worthy of consideration for investors.
The retailer said last month that 2019 sales would disappoint, and then Wednesday warned about 2020. The stock has dropped 12%. Some analysts say it’s a bargain.
Home Depot’s investments in stores and online set up the retailer for long-term gains, analysts say.
The Federal Reserve met today and, as expected, the central bank didn't reveal an interest rate reduction. Add to that, the takeaway appears to be that the Fed won't cut rates next year, but equities liked that news as stocks posted a decent Wednesday rally.Source: Provided by Finviz * The S&P 500 jumped 0.29% * The Dow Jones Industrial Average added 0.11% * The Nasdaq Composite gained 0.44% * Home Depot (NYSE:HD) was by far the worst performer in the Dow Jones today, shedding 1.7% after the company issued 2020 sales guidance that disappointed analystsAlthough the Fed didn't change interest rates today, the focus on the central bank was a nice change of pace from the trade headlines that have been so dominant in recent days."The Committee judges that the current stance of monetary policy is appropriate to support sustained expansion of economic activity, strong labor market conditions, and inflation near the committee's symmetric 2 percent objective," said the Federal Open Market Committee (FOMC) in a statement.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 10 Worst Dividend Stocks of the Decade For those rooting for more rate cuts, such as President Trump, the Fed's comments today probably aren't good news. More importantly, the commentary from the central bank should be seen as positive and, stocks reacted as such, because the Fed sees the U.S. economy on firm enough ground right now that lower borrowing costs aren't necessary.It may take a while for the lack of an imminent rate cut to sink in as a positive, but it was enough to have 17 of the 30 Dow stocks higher in late trading. First, The Bad NewsAs noted above, Home Depot was the Dow's trouble spot today. The home improvement retailer said it expects sales to increase by 3.5% to 4% next year, below the consensus estimate calling for 4.3% growth."We are building on our distinct competitive advantages to capitalize on a large and fragmented market opportunity," said CEO Craig Menear in a statement.Home Depot forecast "diluted earnings-per-share growth of approximately 3.1 percent from fiscal 2018 to $10.03." Shares of Home Depot are down more than 7% this month. Even More Bad News…Chevron (NYSE:CVX), the second-largest domestic oil company, was the second-worst Dow performer today after Home Depot. The oil giant slipped 1.4% after saying it's writing down $11 billion worth of assets."We believe the best use of our capital is investing in our most advantaged assets," said CEO Michael Wirth in a statement. "With capital discipline and a conservative outlook comes the responsibility to make the tough choices necessary to deliver higher cash returns to our shareholders over the long term."Chevron also said it's planning $20 billion in capital expenditures for 2020 -- the third straight year the company has held spending flat at that level. Finally, Some Good NewsApple (NASDAQ:AAPL) was one of the Dow leaders today as another analyst chimed in about the company's leverage to the consumer and the holiday shopping season, including, of course, the iPhone and AirPods.Evercore ISI analyst Amit Daryanani "thinks investors should get ready for the tech giant to return to growth again in 2020. He also sees upside to December quarter sales estimates, given signs of a robust holiday season for AirPods Pro and iPhone 11," reports Barron's. Disney AgainIn talking about Dow stocks and good news, these days it's hard to avoid mentioning Disney (NYSE:DIS). Whether it's at the box office or at its theme parks, Disney is simply a juggernaut, but let's not forget about streaming. The recently unveiled Disney + streaming service is off to a stellar start. * 7 Game-Changing Tech Stocks to Buy Now "Disney+ has been downloaded 22 million times on mobile devices since the launch of the streaming service in November, according to a report by research firm Apptopia," reports Reuters.That's after Disney + landed 10 million subscribers on day one, so its subscriber base has more than doubled in less than two weeks. Bottom Line on the Dow Jones TodayWith the Fed clearly optimistic about the state of the U.S. economy and as the business cycle enters it latter stages, investors may want to consider growth stocks, of which the Dow is home to several."Value has recorded multiple years of underperformance relative to growth and the broader market, and it remains mired in an unfavorable cyclical trend," said State Street in a recent note. "Dissecting the US by sectors also reveals a dichotomy between market leaders and laggards … [g]rowth sectors like Technology, Communication Services, and Consumer Discretionary have all hit all-time highs in 2019."As of this writing, Todd Shriber did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 5 Best Tech Stocks to Buy For the Next Decade * 4 Beaten-Up Pot Stocks Worth Considering in 2020 * Top 5 Tech Stocks of the 2010s Decade The post Dow Jones Today: Federal Reserve Holds, Boosting Stocks appeared first on InvestorPlace.
Home Depot stock slipped after the firm forecast fiscal 2020 sales growth below Wall Street expectations, less than a month after cutting 2019 views.
Wall Street's main stock indexes ended modestly higher on Wednesday after the U.S. Federal Reserve held interest rates steady and signaled that borrowing costs are likely to remain unchanged indefinitely. After cutting rates three times earlier this year, the Fed left its benchmark rate at the target range of between 1.50% and 1.75%, a decision that was widely expected.
Atlanta United made a big splash in the esports world. The Major League Soccer club announced on Wednesday that it signed Paulo Neto for the 2020 eMLS season which starts next month. The 16-year old Brazilian is currently the No.4-ranked FIFA 2020 player in the world on Playstation 4.
The Dow Jones Industrial Average erased its losses after the Fed left rates unchanged, as expected, and signaled it may hold rates steady through 2020.
DOW UPDATE Behind negative returns for shares of Home Depot and Chevron, the Dow Jones Industrial Average is declining Wednesday afternoon. Shares of Home Depot (HD) and Chevron (CVX) have contributed to the blue-chip gauge's intraday decline, as the Dow (DJIA) was most recently trading 7 points (0.
The S&P 500 and the Nasdaq indexes held on to gains on Wednesday as traders awaited the Federal Reserve's December policy statement for clues on the domestic economy's strength, while the Dow Jones index was pressured by losses in Boeing and Home Depot. The U.S. central bank is widely expected to keep borrowing costs steady in its policy announcement, due at 2:00 p.m. ET (1900 GMT).
Boeing and Home Depot hurt the Dow Jones Industrial Average. But tech stocks, especially in the chip sector, helped the Nasdaq rally.
The Dow Jones index was pressured by losses in Boeing and Home Depot on Wednesday, while the S&P 500 and the Nasdaq held on to gains as traders awaited the Federal Reserve's December policy statement for clues on the strength of the domestic economy. The U.S. central bank is widely expected to keep borrowing costs steady in its policy announcement, due at 2:00 p.m. ET (1900 GMT).
(HD) stock fell Wednesday morning after the company’s 2020 sales forecast came in below expectations. Home Depot stock (ticker: HD) has gained 24% in 2019, slightly lagging behind the broader S&P 500 index. At the time, Jefferies analyst Jonathan Matuszewski called it a buying opportunity.
DOW UPDATE Shares of Boeing and Home Depot are retreating Wednesday morning, dragging the Dow Jones Industrial Average into negative territory. Shares of Boeing (BA) and Home Depot (HD) have contributed to the index's intraday decline, as the Dow (DJIA) was most recently trading 77 points lower (-0.
The blue-chip Dow Jones index came under pressure from losses in Boeing and Home Depot on Wednesday, while the S&P 500 and the Nasdaq eked out gains as investors awaited the Federal Reserve's policy statement for clues on the strength of the economy. The U.S. central bank is widely expected to keep borrowing costs steady in its latest policy announcement, due at 2:00 p.m. ET (1900 GMT).