|Day's Range||63.50 - 64.10|
Lowe's (NYSE: LOW) is beating a down market this year. Lowe's had been down over 40% by mid-March, but shares have rallied to roughly match the gain of peer Home Depot. Like its larger rival, Lowe's kept its stores open through the early phases of the COVID-19 pandemic, and that allowed it to tap into surging demand as consumers prioritized home improvement projections during shelter-in-place orders.
Shareholders of Home Depot (NYSE: HD) are beating the market this year. Home Depot started 2020 on a positive note by announcing accelerating growth in its fiscal fourth quarter and avoiding the slowdown that retailers like Walmart and Target had seen. Sales gains roughly doubled from quarter to quarter even though Home Depot curtailed its hours and canceled its traditional spring selling promotions.
Big advertisers are pulling ads from Facebook as part of the first organized boycott against the social media giant -- but will that change the company's outlook?
Was consumers' increased appetite for home supplies enough for the retailer to survive a brutal quarter?
After having plunged during the first three months of the year, the Dow Jones Industrials (DJINDICES: ^DJI) have bounced back sharply from their worst levels of the year. Amid a couple dozen losing stocks in the Dow, Microsoft (NASDAQ: MSFT) is doing a lot to limit the average's losses. What's particularly impressive about the software giant's 31% rise so far this year is that it comes on the heels of an even sharper 55% climb for Microsoft in 2019.
Last week, stocks moved higher in a shortened trading week, as the Dow Jones Industrial Average (DJINDICES: ^DJI) and S&P 500 (SNPINDEX: ^GSPC) gained about 3% and 4%, respectively. Let's look at the developments that might send shares of Bed Bath & Beyond (NASDAQ: BBBY), Levi Strauss (NYSE: LEVI), and PriceSmart (NASDAQ: PSMT) moving this week. Investors are bracing for rough operating numbers from Levi Strauss in its quarterly results on Tuesday afternoon.
If you work at a non-essential business, your house or apartment has had to step up its game. It's become your office, school, gym, and much more for your entire family. Some households may have even added friends or relatives under their roofs as unemployment skyrockets.
We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. We are almost done with the second quarter. Investors decided […]
American companies are coming under increasing pressure from investors to publicly disclose information about diversity among employees in the wake of nationwide protests against racial discrimination. Many executives have pledged to champion equality in response to the Black Lives Matter demonstrations across the United States and beyond. The goal of global investors increasingly focused on social and governance issues is to gain a common metric on racial diversity to compare companies and hold them to account on their pledges, building on a drive to improve gender equality.
Home Depot (HD) closed the most recent trading day at $248.15, moving -0.94% from the previous trading session.
Both Home Depot (NYSE: HD) and Amazon (NASDAQ: AMZN) are experiencing a surge in sales as a result of the COVID-19 pandemic. Each has benefited in unique ways: Amazon because people spent more online to reduce trips to the store, and Home Depot because it was deemed an essential business and allowed to keep its doors open during stay-at-home orders. Meanwhile, Amazon has been taking sales away from the entire brick-and-mortar industry.
Home Depot (HD) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
Economic growth might be weak, with a soft economy made worse by additional outbreaks of COVID-19. The recent earnings report by industry leader Nike (NYSE: NKE) helped illustrate just how strong lululemon athletica's (NASDAQ: LULU) business is today. The apparel specialist only endured a 17% sales decline through early May, while Nike's revenue dove by 38% in its comparable fiscal fourth quarter.
A rising dividend stream not only hedges against inflation, it also accelerates payback on investment.
Stocks reversed their downward course at around 10 a.m. ET upon a big upside surprise in pending U.S. home sales for May.
This strategy isn’t just a winner, these analysts think, but evidence that hedge funds may finally start to out-perform.
Bank of America data suggests Lowe’s and Tractor Supply are two beneficiaries of the boom in DIY home improvement projects during the coronavirus pandemic.
Under Ellison, 55, Lowe’s has narrowed its focus, closing a small cluster of stores in Mexico, a regional subsidiary called Orchard Supply Hardware, and a home-automation business, and restructuring operations in Canada. Just as promising as its first-quarter sales surge is that Lowe’s has expanded its margins during such a volatile period.
The Zacks Analyst Blog Highlights: Lowes, Home Depot and Scotts Miracle-Gro
Staying at home due to the COVID-19 pandemic prompts Americans to chase creativity and nurture subjective expressions, thereby perking up demand for home improvement products.
Developer Rick Caruso faults officials' protest response and joins business leaders calling for racial justice. Will corporate actions follow words?
In the latest trading session, Home Depot (HD) closed at $246.13, marking a -1.67% move from the previous day.
Both companies are “well positioned in the current environment and beyond, as we expect home-related retail trends to stay strong for some time,” says Nomura Instinet.
Home Depot (HD) witnesses momentum on continued operations amid pandemic as well as its flexible interconnected infrastructure, which is helping it to adapt to changing consumer preferences.
Increased hours of operation at distribution centers and open communication with drivers are the common denominators among three public companies that specialize in consumer goods and office products.Those and other attributes focusing on the driver experience earned The Home Depot, Whirlpool and HNI Corp. best-of-the-best honors in the FreightWaves 2020 Shipper of Choice Awards, sponsored by Transflo.The 2020 FreightWaves Shipper of Choice seal of approval is based on how shippers perform in each of three categories — Facilities, Efficiency and Availability — relative to their peers, based on a series of measurable and qualitative responses. (An additional Above and Beyond" driver appreciation award was featured as well, based on stories plucked from social media that described shippers that went out of their way to take care of drivers and make sure they could do their job safely.)Shippers receiving recognition must first be nominated and then complete a certified survey conducted by the FreightWaves Research Group. The survey addressed operational data, hours of operation, communication protocols, dwell times, and overages/shortages/damages. Nominees were also judged by facility attributes that include availability of showers, bathrooms and break rooms for drivers.To win Best Overall, a shipper typically won one or more awards within those main categories. Office furniture manufacturer HNI Corp (NYSE: HNI) managed to snag all three."Our priority is providing our customers a great end-to-end buying experience, and a big part of that is the delivery experience," Eric Zillig, HNI's vice president of distribution and logistics, told FreightWaves."To be successful at that, we have to partner with high-performing carriers and high-performing drivers, and to maintain a relationship with them, we have to be easy to do business with and be a good partner — which is another way of saying you're a shipper of choice."Zillig said he tries to provide "as large a window as possible" for the roughly 30 carriers HNI works with for scheduling load pickups so that drivers can better schedule their workday.Last year, HNI created its own in-house driver app, Loaded with Pride, to enhance communication with drivers. Drivers can install the app on a phone or tablet to allow them to provide instant feedback on the delivery."We were looking for drivers to use the app to comment on our loading practices," Zillig said. "In addition, we received good feedback around things like hours of operation and warehouses that were tough to get into. So we've been able to identify issues and come up with solutions."The world's leading major home appliance manufacturer Whirlpool Corporation (NYSE: WHR), which in addition to honors for overall winner took awards for Efficiency and Availability, has been a longtime proponent of shipper-of-choice awareness."It became a theme in the industry several years ago," Kara Hegg, Whirlpool Corp.'s manager of supply chain and logistics, told FreightWaves. "Our team wanted to know how we stacked up against others and worked to figure out how to measure the perception. We collected data and focused on our biggest opportunities for improvement."With 12 factory distribution centers feeding into 12 regional distribution centers that in turn connect to the company's local distribution network for final-mile home delivery, securing trust with carrier and driver partners is critical for maintaining efficiency throughout the company's logistics network Hegg said."We work really hard on the relationship to understand what's important to our carriers. It is critical to be a good partner to ensure capacity isn't walking away from us."The Home Depot Inc (NYSE: HD), which also won in the Availability and Facilities categories, has been committed to being a shipper of choice. As part of its One Home Depot initiative, the company is investing roughly $1.2 billion in its One Supply Chain network. The investment "is designed to continue to improve productivity and connectivity across our supply chain platforms to achieve the fastest, most efficient delivery capabilities in home improvement," the company stated.The retailer, which racked up $110 billion in sales in fiscal 2019, is investing in approximately 150 new facilities to drive speed and delivery reliability for customers, it stated. The build-out will continue to ramp up, with the largest number of new facilities coming online in 2021 and 2022.In addition to The Home Depot, Whirlpool and HNI, the 12 Best Overall Shipper of Choice winners include (in alphabetical order): * Agri-Mark * Costa Farms * KraftHeinz * Nestle Purina PetCare Co. * Nestle Waters * Schreiber Foods * Syngenta * Tyson Foods * Weston Foods Click here to learn more about Transflo's new Electronic Bill of Lading for Shippers.See more from Benzinga * Heat Wave Hitting California Freight Markets This Week (With Forecast Video) * Selling Safer Trucks Into A Pandemic * Logistics Technology Update: Building an IT continuity plan(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.