|Day's Range||40.40 - 40.64|
The bank’s analysts identified companies with strong fundamentals that are attractive because of ‘indiscriminate selling.’
The investors in The Home Depot, Inc.'s (NYSE:HD) will be rubbing their hands together with glee today, after the...
U.S. companies raised a record $109.1 billion through investment-grade bond sales this week, as corporate America hoarded cash following measures unveiled on Monday by the Federal Reserve to backstop the market for high-quality debt. Nike Inc, McDonald's Corp and Home Depot Inc were among 49 companies that borrowed money through investment-grade bonds this week, according to IFR Refinitiv data. The bond issuance frenzy came after the U.S. Federal Reserve on Monday rolled out an unprecedented series of measures to support an economy reeling from sweeping restrictions on commerce to slow the coronavirus pandemic.
The major stock indexes fell sharply early Friday, as U.S. coronavirus cases topped 92,000. Lululemon slid on earnings.
Loop Capital upgraded the home-improvement giant Home Depot to buy, noting that construction remains an essential industry during the coronavirus pandemic. The firm pared its price target on HD shares by 2%.
DOW UPDATE The Dow Jones Industrial Average is soaring Thursday afternoon with shares of Boeing and Walgreens Boots seeing positive momentum for the price-weighted average. Shares of Boeing (BA) and Walgreens Boots (WBA) have contributed around three quarters of the index's intraday rally, as the Dow (DJIA) is trading 931 points (4.
Home Depot (HD) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Consumer stocks have been a mixed bag for investors in this bear market.On the one hand, consumer staples, which provide life's necessities, have held up far better than the broader market as Americans stock up for what could be weeks spent indoors. But consumer discretionary stocks - companies selling clothes, burgers and cars - have been every bit as bad as the S&P; 500, if not worse.But there are several consumer stocks to buy on both sides of the aisle now: staples that should continue to perform well as long as the outbreak keeps a grip on the country, as well as discretionary plays that have been knocked down into value status and have higher yields - and higher upside potential when the economy rebounds - as a result.Here are eight large-cap consumer stocks to buy for income and growth. These companies boast varied mixes of dividend and upside potential. Some of them are bounce-back plays, while others are steady Eddies that investors can hold to protect against additional market declines. However, all of them have seen their dividend yields become at least a little richer over the past few weeks. SEE ALSO: 25 Dividend Stocks the Analysts Love the Most
Home Depot co-founder Ken Langone had one major message to relay during an interview with Fox Business.
(Bloomberg) -- Major U.S. equity indexes have come unhinged from each other. The Dow Jones Industrial Average, whose membership and archaic weighing system caused it to beat practically everything into a bear market, now is trouncing all comers amid its fastest run in nine decades.Up 17.5% since Monday, the Dow is enjoying its biggest two-day gain versus the S&P since 1953. Against the Nasdaq 100, it’s the best showing since 2001.Made up of only 30 blue-chip giants and weighted by share price, rather than market-capitalization, the Dow is getting an outsize boost from companies previously pressured by the coronavirus -- Boeing Inc. in particular.“The companies that make up the Dow tend to be slow growers. When the Dow was on the decline, they were hit the fastest,” said David Yepez, portfolio manager at Exencial Wealth Advisors. “So now we’re seeing them catching up on the upside.”Boeing shares have soared as much as 65% over the past two sessions amid the prospect of imminent congressional aid for the beleaguered plane manufacturer. The jet-maker makes up more than 5% of the Dow, compared to less than 0.5% of the S&P 500. The company isn’t even included in the Nasdaq 100.So far this week, the surge in Boeing shares has accounted for a fifth of the Dow’s advance, data compiled by Bloomberg show. UnitedHealth Group Inc. and The Home Depot Inc.’s performances have each driven another 10% of the Dow’s gain.United Health and Home Depot are the second and third largest weightings in the price-weighted Dow, respectively. Neither appear in the Nasdaq 100.The divergence also reflects the role of tech stocks as a haven during the rout -- the Dow fell faster and now is rising faster. Thanks in part to internet giants like Amazon.com Inc. and Netflix Inc., whose shares are higher this year and aren’t in the Dow, the blue-chip gauge is trailing the S&P 500 by 2 percentage points year-to-date and the Nasdaq by 12 percentage points. Versus the tech-heavy gauge, the Dow is still on track for its worst quarter in eight years.It’s common for beaten-down stocks -- like Boeing, in this case -- to start to outperform in the nascent stages of a market rebound from a major shock, according to Julian Emanuel, chief equity and derivatives strategist at BTIG LLC. His anecdotal experience is that the return of foreign inflows into American equities typically has started with the economic bellwethers that make up the Dow.“From major, major volatility bottoms (and we think this is a bottoming process not THE bottom), the laggards tend to outperform,” Emanuel said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Retailers that sell items for home office and coronavirus-related necessities like hand sanitizers have gotten a bump.
The stock market is coming off of its worst week since 2008. Almost all of Georgia's largest publicly traded companies saw rough results.
Furniture chain Art Van, with a big presence in the Chicago area, is closing and liquidating all its stores after 61 years.
Investors in retail stocks should brace for aggressive dividend cuts, a research note concludes. “Retail stores are closed en masse and mall traffic is down 90-100% across the U.S. after most announced two-week closures,” observe the retail analysts at Jefferies. The S&P 500’s consumer discretionary sector is down about 24% this year, roughly in line with the S&P 500’s performance.
Because of this, professional sports teams nationwide are set to lose millions of dollars with the potential cancelation of games. The impact is already being felt in Atlanta through the cancelation of the men's Final Four, which was set for Mercedes-Benz Stadium, and suspension of all the major leagues until further notice. Here's a breakdown of how local pro teams are being affected financially by the outbreak: Atlanta United was just two matches into the new MLS campaign before the league paused match play last week.
DOW UPDATE Shares of Boeing and Home Depot are trading lower Thursday morning, leading the Dow Jones Industrial Average slump. The Dow (DJIA) was most recently trading 638 points (3.2%) lower, as shares of Boeing (BA) and Home Depot (HD) are contributing to the blue-chip gauge's intraday decline.
WASHINGTON/NEW YORK, March 18 (Reuters) - As the United States moves to quickly curb the spread of the coronavirus, the question of which retailers can stay open - and where - depends on what government officials deem to be essential. Grocery stores, gas stations, pet stores and pharmacies so far are universally defined as "essential" and allowed to stay open. Macy's Inc, Nordstrom, Nike, Urban Outfitters, Abercrombie & Fitch, and Lululemon have closed their stores across the United States.
Vice President Mike Pence Office Cancels Yahoo Finance Interview with CDC Deputy Director Anne Schuchat to discuss Coronavirus COVID-19 latest. Editor in chief Andy Serwer tells the story.