|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's Range||205.30 - 208.82|
|52 Week Range||158.09 - 219.30|
|Beta (3Y Monthly)||1.21|
|PE Ratio (TTM)||20.94|
|Earnings Date||Aug 20, 2019|
|Forward Dividend & Yield||5.44 (2.70%)|
|1y Target Est||211.03|
Retail takes centerstage Tuesday. Two heavyweights, Home Depot and Kohl’s, will release quarterly results ahead of the market open.
Usually, a headline like that would spell doom for stocks, but that wasn't the case Monday. Major U.S. equity benchmarks rallied even as President Donald Trump had some, shall I say, "words of encouragement" for the Federal Reserve."The Fed Rate, over a fairly short period of time, should be reduced by at least 100 basis points, with perhaps some quantitative easing as well," said the president on Twitter (NYSE:TWTR). "If that happened, our Economy would be even better, and the World Economy would be greatly and quickly enhanced-good for everyone!"President Trump has a long history of moving markets via Twitter, but that wasn't necessarily the case Monday when it comes to the dollar, which he has long complained is too strong. The Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP), which tracks the greenback against a basket of other major currencies, closed modesty higher and just a third of a percent below its 52-week high. UUP is up about 2% this month, indicating Fed rate cuts aren't always the elixir to quell a strong dollar.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Cheap Dividend Stocks to Load Up On Despite the dollar firming again today, the plenty of export-sensitive sectors and individual names rallied, helping the Nasdaq Composite to a gain of 1.35% while the S&P 500 added 1.21%. The Dow Jones Industrial Average started the week higher by 0.96% with just two of its 30 components finishing lower on the day. Be Careful With These Dow WinnersTwo of the best performers in the Dow today may require some caution. Sure, it was nice to see Cisco Systems (NASDAQ:CSCO) rally after the network gear maker was drubbed last week following disappointing guidance on its earnings call, but Monday's bounce may be one of the dead cat variety.Similar caution may be warranted with chemicals maker Dow (NYSE:DOW), which was the second-best Dow stock today behind Cisco. Again, it's nice to see a cyclical, tariff-sensitive name in the green today, but the stock was downgraded last Friday to "neutral" by Bank of America Merrill Lynch with that bank also paring its price target on Dow shares to $44 from $55.Of the 17 analysts rating shares of Dow, just six have "buy" ratings on the name while 11 have the equivalent of a "hold" on the stock. DJIA Earnings NoteI've been mentioning The Home Depot (NYSE:HD) recently because the company reports earnings tomorrow, and today's gain of 2.11% suggests trades were buying the name in advance of that report. There was some elevated options activity in Home Depot today, too, but history suggest traders should be careful with the home improvement giant post-earnings."Looking into HD's earnings history, the stock has closed lower the day after earnings in all but two of the past eight quarters, though the reaction to Home Depot's most recent report in May was positive," according to Schaeffer's Investment Research. "Over the past two years, the shares have swung an average of 1% the day after earnings, regardless of direction. This time around, the options market is pricing in a larger-than-usual 6% swing for Tuesday's trading." Some Good Dow NewsI've mentioned a few times this year that alternative energy stocks and ETFs are really weighing on the traditional energy sector, so with that in mind, it was nice to see Chevron (NYSE:CVX) jump 1.68% today on some bullish analyst chatter. Barclays started coverage of Chevron today with an "overweight" rating and a $145 price target. That price target implies significant upside from today's close just under $118."Chevron is well positioned to both return significant free cash flow to shareholders and fund its…compound annual growth rate guidance," according to the bank. Dow Jones Bottom LineIn addition to the aforementioned Twitter action by President Trump, today's upside was the product of familiar themes: expectations that more Fed rate cuts are coming and that the U.S. and China might be able to make some headway on the trade front.Speaking of the Fed, Chairman Jerome Powell speaks in Wyoming late this week, so it's safe to say all eyes and ears will be on that speech regarding rate cut clues.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post Dow Jones Today: Trump's Twitter Targets the Fed … Again appeared first on InvestorPlace.
[Editor's note: This article was originally published in July 2019. It has since been updated to reflect changes in the market.]Investing in penny stocks can be appealing to some. And investing in marijuana penny stocks can be even more appealing … if you're willing to take massive risks. But with great risks comes even greater potential rewards.Surely, in an industry with the growth potential of cannabis there must be some stocks out there that are future millionaire makers. But, while every investor has dreams of finding the next Apple (NASDAQ:AAPL) or Amazon (NASDAQ:AMZN) amid the pile of cheap stocks, you need to be very careful when investing in any highly risky area of the markets.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAfter all, these companies are penny stocks for a reason. And most of them will not survive. * 10 Undervalued Stocks With Breakout Potential The following marijuana penny stocks are offer interesting opportunities for investors willing to take risks on the future of the marijuana industry. While note of these are flat-out buys in my book -- you have to make your own decisions -- these companies have all recently had some positive developments that might make them good long-term plays. GrowGeneration Corp (GRWG)GrowGeneration Corp (OTCMKTS:GRWG) sells products for hydroponic growing. GRWG announced in July that it has appointed Bob Nardelli as a strategic advisor. As the former CEO of Home Depot (NYSE:HD), its pretty obvious that he will bring tremendous experience and wisdom to the table.The company just reported its Q2 2019 results and they looked pretty good. Net income was $1,062,000. During the same period last year, the company reported a loss of $929,959. Same store sales were up 23% versus last year's quarter. In addition, the gross profit margin increased to 29.9% from 24.2% for Q2 2018.Despite these positives, the stock is overbought and there is resistance at the $5.05 level, which is just above where it is trading. This level was resistance last year in April and September. 48North Cannabis Corp (NRTH)48North Cannabis Corp (TSE:NRTH) grows and sells medical marijuana. I like this company because it is an outdoor organic grower and I think this type of growing will be the way the industry trends … 48North is already ahead of the curve.The company just announced Charles Vennat as its Chief Corporate Officer. Mr. Vennat is an experienced veteran who was most recently the President of Bastos of Canada. He will drive the company's business plan and strategic vision.The marijuana industry is full of incompetent management teams. Many are comprised of idealistic entrepreneurs who got the business up and running but don't have the skills to manage it as it grows. * 10 Mid-Cap Dividend Stocks to Buy Now Bringing in senior level management could give NRTH an advantage over is competitors that are managed by people with less experience. The company also announced that it has successfully completed its first shipment to the Ontario Cannabis Store. This marks its entry into Ontario's recreational retail market. Body & Mind Inc (BMMJ)Body & Mind Inc (OTCMKTS:BMMJ) is involved in the provision of medical cannabis. This company operates in Nevada, California, Ohio and Arkansas. It just announced that it has qualified to trade on the OTCBQ Venture Market.Typically when a company qualifies to be listed on an exchange investors consider it a positive thing. This will provide greater transparency and more liquidity for the penny stock.In addition, last month, Body and Mind announced that is has been added to the Horizons U.S. Marijuana Index ETF. This will give the company greater exposure to investors.Maybe this news will help turn the price of the stock around. Since April, it is has dropped from $2.60 to 62 cents. Flower One Holdings Inc (FLOOF)Flower One Holdings Inc (OTCMKTS:FLOOF) produces and sells wholesale cannabis. This company just reported its Q2 2019 results and it exceeded expectations.In addition, the company announced that it has also obtained up to $30 million in debt financing and that its stock has been upgraded from the OTCBQ to the OTCQX exchange.From a technical perspective, the stock is at an interesting inflection point. It is testing support around the $1.80 level. This level was also support in March and June. If it breaks, the stock could make a rapid move lower.This is because it gapped up in February and gaps tend to refill quickly. Support is formed when sellers believe they made a mistake selling after the stock goes higher. They tell themselves that if it comes back down to the level they will buy it back. This demand for the stock at a particular level is what forms support. * 7 Vanguard Funds for Conservative Investors Because FLOOF spent such a limited amount of time trading between $1.20 and $1.80 in February, there probably wasn't enough time for meaningful support in this zone. And thanks to this lack of support, the gap could be refilled quickly. Global Hemp Group (GBHPF)Global Hemp Group (OTCMKTS:GBHPF) develops hemp cultivation for cannabinoid extraction. This company recently announced that its subsidiary, Covered Bridge Acres, has completed preparing 35 acres at its Scio, Oregon farm.Most of the large cannabis companies such as Aphria (NYSE:APHA) and Aurora Cannabis (NYSE:ACB) grow their cannabis either in indoor growing facilities or greenhouses. There are advantages to these methods compared to outdoor growing, such as greater security and the ability to grow year round.However, outdoor growing is considerably cheaper. I've seen estimates that the costs are between 10 - 25% of the other methods. In addition, some argue that cannabis that is grown outside is better than cannabis grown indoors. This is because it is grown with natural sunlight and soil.Given these dynamics, companies that are outdoor growers have advantages over the larger indoor growers. As such, I would expect that eventually companies like Global Hemp will be acquired by the larger companies. Global Cannabis Applications Corp (FUAPF)Global Cannabis Applications Corp (OTCMKTS:FUAPF) is involved in the development of smart phone applications for the cannabis industry. This company announced that it has appointed Shay Meir to the position of General Manager, Global Grow Operations.Meir was one of the first 10 Israelis to hold a license to cultivate cannabis. He set up a research lab and worked closely with the Israeli Ministry of Health to research and develop cannabis for medical purposes. * 15 Growth Stocks to Buy for the Long Haul He is a pioneer in the medical cannabis field and his addition to the company should be a positive. Maybe it will help to turn the stock around. It the past year, FUAPF has dropped from 25 cents to 4 cents. Emerald Health Therapeutics (EMHTF)Emerald Health Therapeutics (OTCMKTS:EMHTF) is a Canadian producer of cannabis products. Pure Sunfarms is a joint venture that is 50% owned by Emerald. It just announced preliminary results. The full, second-quarter earnings release will be out on Aug. 28.Pure Sunfarms reported all-in growing costs of 65 cents Canadian to grow one gram of cannabis. In U.S. dollars, that would be about 48 cents.To put this into perspective, consider that Aurora Cannabis recently reported that its cost to produce a gram is $1.42 -- nearly three times as much.In addition, sales increased sequentially by 125% and the company reported its third quarter of profitability. This may not sound like its that big of a deal, but consider that most companies in this industry are losing money and it's a bit more impressive.EMHTF stock continues to hold the $1.50 support level. If this level breaks, we could get a large move lower.As of this writing, Mark Putrino did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy on College Students' Radars * 7 Retail Stocks to Buy for the Second Half of 2019 * The S&P 500's 5 Best Highest-Yielding Dividend Stocks The post 7 Marijuana Penny Stocks That I May Buy appeared first on InvestorPlace.
With this New American Consumer, there's really no place to hide and you can't possibly have business as usual, because there is no business as usual anymore. The millennials and Gen-Xers don't just dislike brick and mortar, I think they don't understand it. Can you imagine Amazon missing in anything?
Home improvement retailers are on deck to report second-quarter results and a combination of macro data and first-hand checks suggest Lowe's Companies, Inc. (NYSE: LOW ) is better positioned compared to ...
The major stock indexes were sharply higher early Tuesday. Apple was one of the top performers with a near-3% gain.
Home Depot (HD) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Home Depot will cross the earning season finish line as one of the last companies reporting but that won't diminish its importance. Being so late in the season, Home Depot's outlook should be more inclusive of tariff impact as well as low interest rates. Home Depot faces other challenges as well with lumber deflation acting as the largest negative.
Lowe's (LOW) customer-centric approach, robust marketing and merchandising efforts bode well. However, the company is witnessing cost pressures, which are likely to impact second-quarter results.
It's going to be a week of retail as many of the big names report earnings for the second quarter. Facing down some rather bearish sentiment created by Macy's less than likable earnings last week, it will be interesting to see whether the weak performance was shared by other names. Perhaps one of the biggest names in the stock market related to housing, Home Depot , is an interesting stock this week.
Home Depot is literally one of my favorite stocks of all-time. In fact, I let a few shares out in response to President Donald Trump's tariff tweet on Aug. 1. For the Home Depot's second quarter, the industry is looking for earnings per share of $3.08 on revenue of $31.03 billion.
Sell Home Depot with the stock between its annual and monthly pivots at $207.32 and $211.08, respectively. The weekly chart is negative providing a warning.
Two big earnings reports this week from Lowe's and Home Depot are expected to offer more insight on the state of the economy. While Home Depot is generally considered the more prominent player, analysts are buying Lowe's as the more enticing stock story ahead of earnings. Shares of both Home Depot and Lowe's have leaned into earnings week in the green, bouncing alongside the broader market as tech and consumer sector leaders, as well as rising yields, lead a widespread rebound.
The Home Depot was trading higher in early market activity and it is 'The Stock of the Day' at Real Money. In this daily bar chart of HD, below, we can see that prices are currently below the cresting 50-day simple moving average line. Trading volume has been lighter in July and August compared to the pattern from November to June.
Home Depot stock has edged ahead of the market and the rest of retail in 2019, and its fiscal second-quarter earnings report is another chance to put more distance between its shares and its peers.
Commerce Department grants Huawei key license to continue buying U.S. parts for three months, easing trade tensions with China.
Home Depot is leading the WATCH group as its pivotal earnings release approaches, winning over investors seeking safety in the retail sector. Shares of the Atlanta-based specialty retailer moved over 1% to the upside in pre-market trading Monday morning, recovering from a steep slide to begin August that razed many retail stocks and reeled in Home Depot off of its all-time highs in July. With Walmart encouraging optimism on U.S. consumers as of late, and real estate remaining relatively healthy, there is reason to stand alongside the retailer.
In a big week for retail earnings, we’ll also see reports from Target, TJX, and Salesforce.com. Fed Chairman Jerome Powell will speak at the central bank’s annual meeting.