HD - The Home Depot, Inc.
| Previous Close | 214.44 |
| Open | 214.67 |
| Bid | 212.61 x 800 |
| Ask | 213.04 x 1400 |
| Day's Range | 212.93 - 215.23 |
| 52 Week Range | 158.09 - 219.30 |
| Volume | 2,978,384 |
| Avg. Volume | 4,002,041 |
| Market Cap | 234.406B |
| Beta (3Y Monthly) | 1.24 |
| PE Ratio (TTM) | 21.45 |
| EPS (TTM) | 9.93 |
| Earnings Date | Aug 20, 2019 |
| Forward Dividend & Yield | 5.44 (2.54%) |
| Ex-Dividend Date | 2019-06-05 |
| 1y Target Est | 210.00 |
- InvestorPlace•23 hours ago
3 Large-Cap Stocks to Short
At some point the confident and positive game bulls have been playing will end. The good news is the party may just be beginning for well-positioned bears in large-cap stocks Netflix (NASDAQ:NFLX), Home Depot (NYSE:HD) and Delta Air Lines (NYSE:DAL) offering classic topping patterns that are ready for a more troubled and profitable tomorrow. Let me explain.After hitting record highs out-the-gate in Monday's session, it's been a tough week for the broader averages. And maybe rightfully so. The S&P 500, the market's broadest barometer for large-cap stocks is up roughly 20% in 2019 alone. That's nothing to sneeze at. And let's face it, optimism regarding earnings, an endgame to the trade war and future interest rate cuts can only go so far.The fact of the matter is large-cap stocks are facing historically stretched price multiples following a remarkable bull-run of more than 325% over the last decade. But just because the market's rally may be in its final innings doesn't mean wagering profitably in the stock market isn't possible.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Tech Stocks That Are Still Worth Your Time (And Money) Let's now take a look at the price charts of NFLX stock, HD stock and DAL stock and appreciate how a more bearish trend can be an equally friendly and profitable environment for investors taking advantage of today's topping patterns into tomorrow and beyond. Netflix (NFLX) Click to EnlargeNFLX is the first of our large-cap stocks for shorting. As any investor with even a passing interest in the market knows, Netflix's latest quarterly report which featured surprisingly weak subscription data, didn't sit too well with Wall Street. But the worst may be yet to come.While the S&P 500 has enjoyed its astonishing run, NFLX stock is up a staggering 6,300% since the financial crisis in 2009. But rather than just being dismissive of this amazing rally and betting blindly on the notion all trends do eventually end, this large-cap stock is giving bearish investors a technical-based heads up.Netflix's weekly chart shows shares have just confirmed a lower high after Thursday's post-earnings sell-off. The price action was severe enough to also break below key support put together during 2019. It's looking bad to say the least.With this large-cap stock's bearishly-positioned stochastics and Bollinger Bands just opening up from a pinched position, it's time to short NFLX stock. My recommendation is to place a 6% blended technical and dollar-based stop-loss and look to take initial profits around $250 as shares challenge the December lows. Home Depot (HD) Click to EnlargeHome Depot is the next of our large-cap stocks for bearish investors. Home Depot hasn't delivered returns like Netflix over the past decade, but gains of more than 1,330% aren't in need of fixing either.The money shot for bears looking to position HD stock is a widening or inverted triangle topping pattern. We're looking at the monthly price chart of Home Depot as our guide for shorting shares.Honestly, this formation isn't likely to result in a complete deconstruction of the prior trend. Still, with Home Depot shares facing angular resistance and a bearish stochastics setup warning of lower prices, a reversal towards $140 - $150 and test of pattern support and the 38% retracement level looks compelling. * 7 Stocks Top Investors Are Buying Now For this large-cap stock I'd suggest a bit of price confirmation and short HD shares below $208 with a stop-loss above the pattern. That works out to risk of less than 6% compared to profits of around 30% if our forecast proves accurate. Delta (DAL) Click to EnlargeShares of Delta are the last of our three large-cap stocks to short. DAL stock has also been flying high over the past ten years with returns reaching over 1,100%. Over the past couple years those gains have been the result of a bullish-looking channel. I've provided a weekly chart to target a proper short in DAL.With Delta stock in a testing position of pattern resistance and stochastics in overbought territory, the likelihood of a pullback is high. Admittedly, my technical forecast for the airline isn't nearly as gloomy as it is for NFLX or HD, and I suspect Delta's bullish trend will eventually continue. Right here, right now though, DAL stock is on the radar for shorting.My recommendation for shorting this large-cap stock is to wait for a candlestick topping candle to be confirmed. This could happen sometime in the next five days if shares of DAL pass through the low of the current shooting star doji pattern taking shape on the weekly chart.Once positioned I'd suggest a 4% stop-loss. This exits the short slightly above the high of the signal candle. If we're right though and DAL stock is grounded and shares move into the area from $48 - $53, I'd definitely take profits and possibly even consider going long this large-cap stock as a safe, but profitable landing looks likely.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Marijuana Stocks With Critical Levels to Watch * 7 of the Best Smart-Beta ETFs to Target Right Now The post 3 Large-Cap Stocks to Short appeared first on InvestorPlace.
- American City Business Journals•yesterday
World Cup raises interest in Atlanta pro women's soccer team
“As we look to the future, given the continued growth of the women’s game and women’s soccer, it clearly is going to be on our radar," said Darren Eales, president of Atlanta United.
- InvestorPlace•2 days ago
5 Retail Stocks to Buy That Are Getting It Done
To put it bluntly, retail is a bloodbath these days. Consumers have gotten fickler than ever, which has created an interesting environment for many retail stocks to operate in.Today, people want their goods when they want it and how they want it. This means that both physical stores and digital commerce need to be blended. Two-day and even one-day shipping is now the norm, while online ordering and pick-up have quickly become a default option for many consumers.Needless to say, a lot of retail stocks have buckled under this pressure. Store closures and bankruptcies dot the sector.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHowever, not all retail stocks are being tossed to the wolves. In fact, several are getting it right. That includes the right tech and consumer experiences to compete in the new omnichannel paradigm. These winners are proving that investors don't have to ignore the sector completely, but they do have to be selective. Choose wrong and you could be staring at plenty of empty storefronts. * 7 Stocks Top Investors Are Buying Now Which retailers are getting the job done in omnichannel? Here are five retail chains that will be winners in the years ahead. Williams-Sonoma (WSM)When being a "foodie" and collecting kitchen gadgets weren't as popular as they are today, Williams-Sonoma (NYSE:WSM) was really the only game in town for it. If you wanted to find new kitchen appliances, high-end imported foods, and other now-common kitchen items, you had to go to WSM. Because of this, the retailer has built up a fanatical fanbase of customers.The best part is this fanbase tends to be older and more affluent than typical bargain shoppers. After all, if you're willing to drop nearly $12,000 on an espresso machine, you have some cash to spend. And they tend to transfer their love of the brand down to their children when they finally become adults.The same could be said for its other major brands like Pottery Barn and West Elm for home furnishings. WSM has managed to create a cohort of wealthy customers that are willing to shop there first before anywhere else. This gives it a monster edge over many other retail stocks.Williams-Sonoma has been an earnings machine -- especially in the world of omnichannel. It has been able to get people into its stores for demos and product help while making plenty of revenues online. Sales have grown by an annual rate of 6% per year since 2010, while earnings have grown 11% per year over the same time. And it has been sharing the wealth via a growing dividend. Today, WSM yields almost 3%.All in all, WSM stock has all the right ingredients to keep winning in the new retailing world. Five Below (FIVE)Dollar stores have been incredibly resilient in the face of rising online and omnichannel shopping. But dollar-store Five Below (NASDAQ:FIVE) isn't like your local Dollar General (NYSE:DG). The product is very different. That is, it's geared towards kids, tweens, and even college students. You're looking at toys, games, cheap tech gear and beauty items. Moreover, much of the product mix shifts as the season's change -- which adds a "treasure hunt" aspect to their locations and necessitates repeat customers.And customers are coming back in a big way.Because of its operating model and low-cost of goods, the funky dollar store has managed to turn sales into actual profits. New stores have an average payback time of just one year, while profits have compounded by over 32% per year since its IPO. That's torrid growth considering this is a budget retailer. And FIVE has managed to do all of this without debt. * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip Given its focus on tweens as well as on-trend goods, the retail stock has a unique niche that can't be tackled by many other rivals. For investors, this position offers plenty of opportunities to grow into the future. Kroger (KR)The grocery business is pretty cutthroat to begin with. Margins tend to be thin, consumers fickle. For many retail stocks that have operated in the sector, bankruptcy has been a forgone conclusion. This is especially true now that e-commerce giants like Amazon (NASDAQ:AMZN) have entered the market.But Kroger (NYSE:KR) seems to be getting it right, albeit slowly. The firm has been able to leverage its scale as the nation's largest supermarket chain to make a serious go at the new world of omnichannel.This includes unveiling new order ahead options for its products, apps, a big partnership with Instacart, and other tech-oriented consumer experience products. Today, KR has more than 1,685 stores that offer order pickup locations as well as over 2,125 delivery locations for its groceries. That covers about 93% of its customers.These efforts have helped grow digital sales by more than 42% during the first quarter of this year. Meanwhile, Kroger has been copying Amazon and Walmart's (NYSE:WMT) playbooks and moving into so-called alternative revenue streams. This includes media and advertising, customer data, and other real estate investments. KR is on track to start producing some significant revenues this year. So far it crushed its latest earnings estimates and was able to increase its dividend by a whopping 14%.Though KR's moves are working at a slow pace, the grocery giant could be an interesting value among retail stocks. KR is getting it right, it's just taking time. At least you get paid a hefty dividend while you wait. Home Depot (HD)What housing crisis?That's the mantra for home improvement giant Home Depot (NYSE:HD). The retailer continues to see rising sales and demand for various home improvement products and services. And the reason is simple: HD has started to seriously court the next generation of homeowners.Thanks to generally low interest rates and looser lending standards, Gen X and Millennials are finally able to buy homes. But they are not buying move-in ready McMansions. They're buying fixer-uppers that require plenty of sweat equity, which means plenty of trips to Home Depot. Moreover, HD has courted these customers with new omnichannel operations, mobile apps, and customer service experiences.It's working in a big way. Last year, HD pulled in record profits and the streak is continuing this year. Sales for the first quarter of this year increased 5.7% to clock in at $26.4 billion. Earnings per share managed to jump by over 9%. Its continued moves into omnichannel have certainly helped on this front.With the continued revenue and EPS gains, HD has rewarded shareholders in a big way. Thanks to improved results, Home Depot unveiled a new monster $15 billion buyback program and increased its dividend by an insane 32%. And with interest rates set to drop further, more people could be able to buy a home. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond All in all, HD's outlook could be one of the rosiest of all retail stocks. O'Reilly Automotive (ORLY)Grease monkeys and gearheads could give a flip about online and e-commerce sales. Both classic and modern cars require plenty of knowledge and specialized parts, many of which can only be found at your local auto parts store. Moreover, several maintenance issues require special disposal of waste. You can't just chuck old motor oil down the drain. That necessitates a trip to a physical location.All of this could help explain why O'Reilly Automotive (NASDAQ:ORLY) crushed the market last year.The retail stock has seen plenty of steady single and low double-digit earnings increases over the last few years as the economy continues to expand and miles driven increase. As long as the economy continues to clip at a steady pace, ORLY should be able to get the growth going.Another reason for its success is its management team. The stock is packed with insiders and family ownership. Because of this high ownership, management often takes more long-term views of investments and decisions. Yes, it's about improving quarter to quarter, but its more about building the company over the decades. And ORLY has done just that. During the recession, a decision to expand made the firm the giant it is today.With new moves to court professional garages and a $1 billion buyback now under its belt, ORLY continues to make the right moves in the new retail environment.At the time of writing, Aaron Levitt had a long position in AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks Top Investors Are Buying Now * The 10 Best Cryptocurrencies to Keep on Your Radar * 7 Marijuana Penny Stocks That Could Triple (But You Won't Make Money) The post 5 Retail Stocks to Buy That Are Getting It Done appeared first on InvestorPlace.
- Zacks•3 days ago
Home Depot (HD) Dips More Than Broader Markets: What You Should Know
Home Depot (HD) closed the most recent trading day at $215.61, moving -0.76% from the previous trading session.
- MarketWatch•3 days ago
These Arizona retirees ‘couldn’t afford’ America — now they live their dream life on $2,000 a month in Ecuador
They haven’t been back to the U.S. in years, and say they don’t miss it much (except for Home Depot and some friends).
- Zacks•3 days ago
Should Invesco Defensive Equity ETF (DEF) Be on Your Investing Radar?
Style Box ETF report for DEF
- TipRanks•3 days ago
3 High-Yield Dividends for Value Investors
Markets are high, as investors have rushed back into stocks on expectations that the Federal Reserve will cut interest rates at least once before year’s end. With bond yields already low, and lower rates in the offing, stocks are the natural place to turn. And among the stocks, high-yield dividends offer investors an additional income stream to supplement share price growth. Here we look at three stocks offering high dividend payouts. Broadcom, Inc. (AVGO)Shares in Broadcom slipped in recent sessions, when acquisition talks between the chipmaker and cyber security corporation Symantec (SYMC) broke off. Symantec ended the negotiations, saying that Broadcom’s per-share offer was too low. Both companies saw a retreat in share price; Broadcom much less.Macro factors have been more important to AVGO’s share performance than possible acquisitions. The US semiconductor industry was hit hard last month when tariff fears flared up, but that has eased since Presidents Trump and Xi met cordially at the G20 summit and announced that formal trade talks would resume.So, Broadcom is looking stable, but more attractive to investors is the company’s 3.73% dividend yield. While that percentage may not seem high, AVGO’s $284 share price makes the annualized payout $10.60. Quarterly, it pays out $2.65 per share. Even better, AVGO has a history of both consistent payouts and steady increases of the dividend. It’s a guaranteed income that nicely complements the stock’s 9% upside potential.Broadcom has gained over 13% since the beginning of June, and analysts are sanguine about the stock’s future. William Stein, of SunTrust Robinson, remains “positive on Broadcom's outstanding historical track record of value creation from its investing decisions and expects its management to continue to make intelligent capital allocation decisions.” His price target, $307, suggests an 8% upside to the stock.A look at Stein’s ratings history on Broadcom shows that he has been consistently bullish on this stock for the last year. Even better, his ratings are frequently borne out by performance – he has a 19% average return on his recommendations for AVGO shares.>>Click Here to see William Stein’s complete Analyst ProfileOverall, Broadcom holds a strong buy from the analyst consensus, based on 21 buy ratings and 6 holds assigned in the last 3 months. The stocks $311 average price target suggests room for 9.6% growth from the $284 current share price. Home Depot, Inc. (HD)Home Depot leads the big-box home improvement superstore niche, with double the market share, double the share price, and triple the market cap of its largest competitor, Lowe’s (LOW). With recent positive economic indicators, especially June’s strong jobs numbers and the prospect of a Fed interest rate cut putting downward pressure on mortgage rates, the home improvement niche is looking strong.A solid business niche leads to profit and cash flow. HD is set to release Q2 earnings on Aug 13, and the expectation is for $3.09 per share, and increase of 36% from last quarter’s $2.27 EPS. Historically, the company’s fiscal second quarter is its strongest for earnings.HD also has a history of sharing earnings with investors through a robust dividend. The yield is a modest 2.5%, but the high share price makes the annual payout $5.44. Quarterly payments are $1.36, and HD has a history of raising the dividend each year.>>Click here to see the HD Dividend CalendarThe reliable dividend and profitable business model may explain HD’s popularity among investors. TipRanks tracks over 50,000 individual portfolios; among the best performing of these, Home Depot shares appear in 16.3%, or 1 out of 6. Top performing investors have increased their HD holdings by more than 2% over the past month, reflecting the overall “very positive” investor sentiment on the stock.>>Click Here to see HD Investor SentimentInvestors and dividend fans aren’t the only ones bullish on Home Depot. Goldman Sachs analyst Kate McShane reviewed the stock earlier this month and gave it a $235 price target, implying an upside potential over 8%. In her comments, McShane wrote: “Home Depot hits all the marks when it comes to gaining market share and increasing operating dollar growth. Expect these two attributes to drive upside to the stock over the next 12 months.”Home Depot’s price target presents us with the interesting case of a solid stock whose recent gains have pushed its share price above recent analyst expectations. HD is trading at $217; the average price target, however, is only $209, and still reflects older analyst ratings. As McShane’s comments and target show, Wall Street is beginning to readjust its outlook on the company. HD remains a strong buy, based on an analyst consensus of 8 buys and 5 holds in the past three months. Philip Morris International, Inc. (PM)Yes, this is a cigarette company, a classic “sin stock.” But investors are in the market to make a profit, and that’s where Philip Morris delivers. Year-to-date, shares in PM are up 22%. The profits come while cigarette sales are slowing, as the tobacco companies have been casting about for other business opportunities, making investments in cannabis, alcohol, and e-cigarettes.In looking for alternate revenue streams, Big Tobacco hasn’t forgotten the investor. PM pays out a regular dividend of $1.14 quarterly. Annualized, this represents an income of $4.56 per share and a yield of 5.59%. More important, is PM’s 11-year history of growing the dividend, making this stock particularly attractive to value investors.>>Click Here to see the PM Dividend CalendarSecular trends – especially the poor reputation of tobacco and smoking products – may be lined up against the tobacco companies, but some Wall Street analysts see this as a buying opportunity. Writing from Goldman Sachs, Judy Hong says, “Tobacco valuations are "at a 10-year trough despite a more accommodating market backdrop.”She sees a floor to cigarettes’ unpopularity, and a stabilization in sales and profits. Continuing, she says, “Expect the current discount on tobacco stocks to narrow as cigarette fundamentals hold up better than feared, contribution from next generation tobacco products builds, and regulatory concerns subside over time.”Hong says that the bearishness on tobacco traces back to lower sales volumes for cigarettes along with up-front costs of the shift to e-cigs and other alternative products. However, she adds, “Expect the decline in cigarette consumption to abate and the shift to e-cigarettes to moderate. And international cigarette volume trends have been mostly stable.” In line with her bullish stance on the industry, Hong gives PM a solid buy rating.Bonnie Herzog, of Wells Fargo, agrees with Hong on the outlook for Philip Morris. She bases her optimism, however, on a successful move toward alternative tobacco products, specifically the iQOS heat-not-burn option. Writing of PM, she says she expects the company to beat the Q2 earnings estimate, saying, “We expect PM will beat conservative EPS of $1.32 (vs our $1.36) and we expect: (1) sequential acceleration of iQOS shipment volume in Japan (+14.5%) given strength from next generation iQOS 3/Multi platforms; (2) iQOS to lead heat-not-burn (HNB) category growth in Japan and gain market share elsewhere; and (3) strong cigarette price realization.”Herzog gives PM a price target of $100, suggesting an upside potential of 22% to the stock. Her rating suggests that PM has more room for growth than the conventional wisdom would indicate – PM’s average price target is $93, indicating a possible upside of 15% from the share price of $81.PM’s analyst consensus rating is a moderate buy, derived from 7 buys and 3 holds in the last three months.TipRanks puts a wide variety of data analysis tools at your fingertips, so you can find the right investment for your portfolio. Get started today, with our Stock Screener.
- Zacks•4 days ago
The Zacks Analyst Blog Highlights: Cisco, Home Depot, Merck, Humana and Public Service Enterprise
The Zacks Analyst Blog Highlights: Cisco, Home Depot, Merck, Humana and Public Service Enterprise
- Zacks•4 days ago
Stocks Fight Past Earnings Jitters for Another Record Close
Stocks Fight Past Earnings Jitters for Another Record Close
- Simply Wall St.•4 days ago
The Home Depot, Inc.'s (NYSE:HD) 2.5% Dividend Yield Looks Pretty Interesting
Could The Home Depot, Inc. (NYSE:HD) be an attractive dividend share to own for the long haul? Investors are often...
- Benzinga•4 days ago
'Fast Money' Traders Talk Retail: Costco, Target And More
Guy Adami said on Monday's " Fast Money " he likes Costco Wholesale Corporation (NASDAQ: COST ) after hitting an-all time high. He also says Home Depot Inc (NYSE: HD ) is Amazon.com, Inc. (NASDAQ: ...
- American City Business Journals•4 days ago
Q&A with The Home Depot's Craig Menear, 2019 Most Admired CEO
Atlanta Business Chronicle's 2019 Most Admired CEOs are scheduled to be honored on the evening of Aug. 22 at an awards event at The Fairmont.
- Kiplinger•5 days ago
13 Super-Safe Dividend Stocks to Buy Now
The stock market's major indices are at or near all-time highs, and as stocks go up, dividend yields go down. As a result, many of the best dividend stocks to buy right now sport relatively modest yields.That's OK. Because your focus also should be on dividend safety and payout growth that will enhance your yield over time.Not every stock has been caught up in 2019's surge to new peaks. GameStop (GME), CenturyLink (CTL), Vodafone (VOD), Pitney Bowes (PBI), L Brands (LB), Deutsche Bank (DB) - all of these well-known companies have either cut or outright suspended their dividends this year. Those moves were a blow to all existing shareholders, but especially those who were relying on the income from these sometimes generous dividend payers to tackle regular expenses in retirement.How do you ensure the dividend stocks you're invested in won't do the same? One way is to monitor the DIVCON system from exchange-traded fund provider Reality Shares. DIVCON's methodology uses a five-tier rating to provide a snapshot of companies' dividend health, where DIVCON 5 indicates the highest probability for a dividend increase, and DIVCON 1 the highest probability for a dividend cut. And within each of these ratings is a composite score determined by cash flow, earnings, stock buybacks and other factors.These are 13 of the safest dividend stocks to buy right now. Each stock has not only achieved a DIVCON 5 score, but a composite score within the top 15 of all stocks that DIVCON has evaluated. This makes them the crème de la crème of dividend safety - and more likely to keep the dividend increases coming going forward. SEE ALSO: 25 Stocks Every Retiree Should Own
- InvestorPlace•5 days ago
5 Dow Jones Stocks to Buy Now
U.S. equities continue to show an upward bias on Monday, with the S&P 500 holding above the 3,000 level while the Dow Jones Industrial Average remains north of the 27,000 level. Impressive gains all around as Wall Street continues to look past things like uneven economic data and an inverted yield curve to focus instead on the dovish policy pivot by the Federal Reserve and the likelihood of interest rate cuts later this year. A number of mega-cap components in the Dow are perking up nicely and still present attractive entry points for buyers on the sidelines looking to get into the action. The early action in many of the names seems predicated on a thawing of U.S.-China trade relations later this year. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond With all of that in mind, here are five Dow Jones stocks to consider: InvestorPlace - Stock Market News, Stock Advice & Trading Tips Caterpillar (CAT) Click to EnlargeShares of heavy equipment maker Caterpillar (NYSE:CAT) are extending further away from its 200-day moving average to close in on the prior high set back in April. A breakout here would put an end to a long downtrend pattern going back to January 2018 and would set the stage for a challenge on the prior record high near $170, which would be worth a gain of more than 21% from here. The company will next report results on July 24 before the bell. Analysts are looking for earnings of $3.12 per share on revenues of $14.5 billion. When the company last reported on April 24, earnings of $2.94 beat estimates by 8 cents on a 4.7% rise in revenues. Disney (DIS) Click to EnlargeDisney (NYSE:DIS) shares keep marching higher, pushing to new records as it exits a multi-year funk. The opening of the new Galaxy's Edge theme park area as well as the approach of the release of the latest Star Wars movie has investors excited about ticket sales and merchandising revenue heading into the holiday shopping season. * 7 Services Stocks to Buy for the Rest of 2019 The company will next report results on Aug. 6 after the close. Analysts are looking for earnings of $1.76 per share on revenues of $21.5 billion. When the company last reported on May 8, earnings of $1.61 per share beat estimates by 4 cents on a 2.6% rise in revenues. Goldman Sachs (GS) Click to EnlargeShares of Goldman Sachs (NYSE:GS) are pushing away from a consolidation range going back to last fall with an extension away from its 200-day moving average. The stock is benefiting from expectations of easier policy from the Federal Reserve later this year, which would bolster long-term interest rates and help with net interest margins. Watch for a run at the mid-2018 highs near $240, which would be worth a gain of more than 14% from here. The company will next report results on July 16 before the bell. Analysts are looking for earnings of $4.82 per share on revenues of $8.6 billion. When the company last reported on April 15, earnings of $5.71 beat estimates by 69 cents on a 12.6% decline in revenues. Home Depot (HD) Click to EnlargeHome Depot (NYSE:HD) shares are enjoying an extended rally off of their 200-day moving average, setting up a run to new record highs after breaking up and over old resistance near the $210 a share level. Falling long-term interest rates could help the housing market enjoy another surge of activity after a lack of affordability dampened activity last summer. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond The company will next report results on Aug. 20 before the bell. Analysts are looking for earnings of $3.09 per share on revenues of $30.9 billion. When the company last reported on May 21, earnings of $2.27 beat estimates by 8 cents on a 5.7% rise in revenues. Intel (INTC) Click to EnlargeIntel (NASDAQ:INTC) shares are breaking up and out of resistance from their 200-day moving average to end a two-month funk and close in on the gap down range near $55. Such a move would be worth a gain of 10% from here. Remember that semiconductors are the raw materials that the modern economy runs on, with pretty much every device containing processing power of some type these days. A turnaround in economic activity, spurred by easier money, will benefit chipmakers like Intel. The company will next report results on July 25 after the close. Analysts are looking for earnings of 88 cents per share on revenues of $15.6 billion. When the company last reported on April 25, earnings of 89 cents per share beat estimates by 2 cents on $16 billion in revenues. As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post 5 Dow Jones Stocks to Buy Now appeared first on InvestorPlace.
- Zacks•5 days ago
Top Stock Reports for Cisco, Home Depot & Merck
Top Stock Reports for Cisco, Home Depot & Merck
- InvestorPlace•5 days ago
3 Breakout Stocks to Buy
Last week's gallery on breakout stocks to buy delivered big-league profits. So we're returning to the well for three more candidates that boast price charts brimming with potential.This week's targets are inspired in large part by the S&P 500, which closed at a new record high of $3,013.77 on Friday. Nothing brings buyers to the yard like a major index touching its highest price in history. It reveals optimism and a risk-on attitude.Last week's demand surge was aided in part by Federal Reserve Chair Jerome Powell's testimony before Congress that all but confirmed the market's expectation for a rate cut at the upcoming July 31 meeting. Betting markets peg the odds of a quarter-point cut at 72% and a half-point cut at 28%.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Dependable Dividend Stocks to Buy Without further ado, check out these three breakout stocks to buy. 3 Breakout Stocks to Buy: Cisco (CSCO)Source: ThinkorSwim Friday's rally for Cisco (NASDAQ:CSCO) succeeded where its predecessor did not. Last month's breakout attempt over $57.50 was met with rejection and sharp selling. Friday's bid, however, powered through the ceiling and closed at a new 52-week high.With the gain, CSCO stock officially ended its three-month consolidation zone and signaled that the next stage of its uptrend is upon us. I'd use $60 as the first upside target. It would take a break below the 50-day moving average at $55 to invalidate the bullish backdrop. So until then, the path of least resistance is higher.At 41%, the implied volatility rank is fiddling in the middle of its range. Couple that with earnings coming over the next month, and I think bull call spreads are the way to go.Buy the Sep $57.50/$60 bull call spread for around $1.20. Home Depot (HD)Source: ThinkorSwim Home Depot (NYSE:HD) was one of the best stocks on the board Friday. The retailer surged 2% on heavy volume to a new all-time high. On the technical front, there's nothing not to like about its price action. The 20-day and 50-day moving averages are trending higher to confirm buyers' dominance of the short- and intermediate-term trends.A few accumulation days have cropped up over the past two weeks to signal institutions are wading into the waters. As far as options go, implied volatility is in the basement revealing an utter lack of uncertainty in the stock. That means prices for derivatives are dirt cheap. Long calls and call spreads offer great low-risk, high-reward bets right now. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond If you think the good times continue to roll, then buy the Sep $220/$230 bull call spread for around $3.75. Spotify (SPOT)Source: ThinkorSwim Last week's rally ushered Spotify (NYSE:SPOT) to the cusp of a clear breakout zone. In fact, SPOT stock looks better than at any time since last year's IPO. This summer's recovery pushed shares of the streaming music service back above all its major moving averages for the first time.The base built throughout 2019 should serve as a solid foundation to build an uptrend from if buyers decide to press their advantage here.If SPOT can clear $155, look for a run toward the next ceiling of $170. To capitalize, buy the Oct $160/$170 bull call spread for around $3.30.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post 3 Breakout Stocks to Buy appeared first on InvestorPlace.
- ETF Trends•5 days ago
Big Amazon Exposure Supports VanEck Retail ETF ‘RTH’
The VanEck Vectors Retail ETF (RTH) is up more than 20% year-to-date and that bullishness is being supported by the exchange traded fund's large weight to e-commerce giant Amazon.com Inc. (AMZN). “As a starting point, we believe Amazon has been undergoing a strategic shift the past several years on two fronts,” said Morningstar in a recent note. “The first is shifting away from a first-party marketplace where Amazon directly sells products to consumers, to more of a third-party platform where vendors sell products and Amazon takes a commission from the sale.
- Zacks•5 days ago
Prime Day Sale Kicks Off: Here Are the Big Winners
Amazon might witness the highest Prime Day sales this year, topping $5 billion.
- Bloomberg•6 days ago
Home Depot’s Hurricane Plan Includes 35 Truckloads of Generators
(Bloomberg) -- Home Depot Inc. has sent 35 truckloads of generators to stores in areas hit by tropical storm Barry, where local residents are grappling with power outages.The home-improvement retailer has dispatched 250 additional truckloads of supplies to the 28 stores in Louisiana and Mississippi that were in the storm’s path, according to Jeff Partin, Home Depot’s director of corporate security, emergency preparedness and business continuity. Those stores closed a few hours early on Saturday night but all were back open as of Sunday morning, he said.“The rain levels didn’t materialize as forecast,” Partin said in an interview Sunday. “But we became aware that power outages were steadily increasing. Generators are a big item.”Entergy Louisiana LLC, the main provider in the state with 1.08 million customers, reported that about 71,600 were affected. Almost 43,500 out of Cleco Corp.’s nearly 285,000 customers were without power. Home Depot didn’t see the need to create a separate command center at its Atlanta headquarters to deal with Barry, which was downgraded from a Category 1 hurricane. The retailer has done that for more devastating natural disasters, such as last year’s Hurricane Michael and 2017’s Harvey.“We didn’t think it was warranted to stand up several hundred people to watch it rain,” Partin said.Post-Storm SpendingHurricanes can be a boon for home-improvement retailers like Home Depot and rival Lowe’s Cos. Additional sales of plywood, pumps, generators and other items in the wake of 2017’s destructive hurricanes in Florida and Texas boosted Home Depot’s sales in the fourth quarter of that year by $380 million. But in the same quarter the following year, lower hurricane spending weighed on the company’s performance and shares.Lowe’s, which has 46 stores in the affected region, said it activated its emergency command center located in Moorsville, North Carolina. “Our command center is active and working to get needed products to our stores as quickly as possible,” a Lowe’s spokeswoman said by email.Barry came ashore near Intracoastal City -- about 125 miles west of New Orleans -- in Louisiana and as of 10 a.m. local time the top sustained winds had declined to 40 miles (65 kilometers) per hour, the U.S. National Hurricane Center said. As much as 25 inches (64 centimeters) of rain could fall in some areas of the state, according to the NHC. The storm will weaken to a depression Sunday and could degenerate completely by Monday or Tuesday, the hurricane center said.\--With assistance from Brian K. Sullivan.To contact the reporter on this story: Matthew Boyle in New York at mboyle20@bloomberg.netTo contact the editors responsible for this story: Crayton Harrison at tharrison5@bloomberg.net, Kevin Miller, Tony CzuczkaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Investor's Business Daily•8 days ago
Nasdaq Bolts Up 938 Points From June Low; These Growth Stocks Have Roasted Dow Since Jan. 1
The Nasdaq composite has rallied nearly 13% from its June 3 low, underscoring the power of the current rally since a key follow-through day on June 7.
- Zacks•8 days ago
The Zacks Analyst Blog Highlights: Atlantic Power, Howard Hughes, Royal Gold, Apple and Home Depot
The Zacks Analyst Blog Highlights: Atlantic Power, Howard Hughes, Royal Gold, Apple and Home Depot
- Market Realist•8 days ago
Why Goldman Sachs Is Bullish on Home Depot, Lowe’s
On Thursday, Goldman Sachs initiated coverage on Home Depot and Lowe’s with “buy” ratings and price targets of $235 and $119.
- TheStreet.com•9 days ago
[video]WATCH for Scale: Cramer's 'Mad Money' Recap (Thursday 7/11/19)
Jim Cramer highlights companies that can grow so big they make their own destinies: Walmart, Amazon, Target, Costco and Home Depot.
- Motley Fool•9 days ago
How to Invest in Housing Stocks
There are several ways to get investment exposure to housing without actually buying property.
- Yahoo Finance Video•9 days ago
Home Depot co-founder gets slammed for supporting Trump
Billionaire Home Depot co-founder Bernie Marcus is facing backlash after he said he plans to support President Trump's reelection. Now critics are calling to boycott Home Depot. Yahoo Finance's Seana Smith and Brian Sozzi discuss.
