|Bid||185.69 x 1100|
|Ask||185.81 x 1100|
|Day's Range||183.98 - 190.67|
|52 Week Range||160.53 - 215.43|
|Beta (3Y Monthly)||1.19|
|PE Ratio (TTM)||21.71|
|Earnings Date||Nov 13, 2018|
|Forward Dividend & Yield||4.12 (2.14%)|
|1y Target Est||215.97|
Florida's panhandle region is bracing for category 4 Hurricane Michael. Yahoo Finance's Seana Smith, Dion Rabouin, Andy Serwer, and Dan Roberts discuss along with FEMA deputy administrator Dr. Daniel Kaniewski.
Shares of Home Depot Inc. dropped 3.8% toward a five-month low and Lowe's Companies' stock slumped 3.3% toward a two-month low, in the wake is disappointing housing market data and after Credit Suisse downgraded the home improvement retailers, citing slowing earnings growth and less favorable valuation. Analyst Seth Sigman cut his rating on both companies to neutral from outperform, while lowering Home Depot's stock price target to $204 from $222 and Lowe's target to $111 from $115. "Our key concern is that home prices will continue to moderate, at least temporarily, as higher rates weigh on affordability, and inventory creeps up," Sigman wrote in a note to clients. He said research shows home prices are a key driver of big ticket projects, and therefore affect growth in average ticket and same-store sales. Separately, housing starts fell by a more-than-expected 5.3% in September to a seasonally adjusted annual rate of 1.201 million. The SPDR S&P Homebuilders ETF , of which Home Depot and Lowe's are components, slumped 2.2% with all 35 components losing ground. Over the past three months, shares of Home Depot have lost 7.3% and of Lowe's have gained 2.1%, while the homebuilders ETF has tumbled 15% and the Dow Jones Industrial Average has gained 1.8%.
The Dow Jones Industrial Average early Wednesday was trading near sessions lows, as shares of Home Depot Inc. and International Business Machines Corp. combined to deliver a more-than 100-point headwind to the price-weighted equity gauge. The Dow was most recently down 215 points, or 0.8%, at 25,581. Shares of IBM were off 6.4% or $9.35 while those for Home Depot were down 4% or $7.73, which equates to a 114-point decline in the blue-chip index.
Cincinnati-based Macy's Inc. is adding the CEO of United Parcel Service Inc. to is board of directors.
The change stems from a 2005 legislative overhaul of the bankruptcy code that forced companies to find an agreement within seven months on its real-estate leases, or allow landlords to walk away from the agreement. The law intensifies the pressure on Sears and Chairman Eddie Lampert to restructure the company and turn it into a relevant, viable business. Sears did not respond to requests seeking comment.
Ford, JPMorgan, Alphabet, Blackstone, and Blackrock Move to Isolate Saudi Arabia Vote with your feet, or the lack of them. Following the murder of journalist Jamal Khashoggi in the Saudi Arabian embassy in Turkey, which Turkey claims it has tapes of, Ford (NYSE:F), JPMorgan (NYSE:JPM), Alphabet (NASDAQ:GOOGL), Blackstone (NYSE:BX) and the largest asset manager in […] The post Market Morning: Saudis Boycotted, Sears Circled, Deficit Explodes appeared first on Market Exclusive.
Lowe’s (ticker: LOW) has the best chance in more than a decade to close the gap with (HD) (HD), says Wedbush. Where we were: Lowe’s has long trailed behind its bigger rival, in large part due to self-inflicted problems. Where we’re headed: New leadership and shareholder activism may finally be the catalysts Lowe’s needs to make necessary changes, says Wedbush.
Although we all saw this ending coming, it is nonetheless sad to say goodbye to a retailer that forever changed America. Once upon a time, Sears helped America become a healthy economy again in the post-War years. The company was a pioneer for massive mall expansion, and re-shaped retail to what it was before the internet came along.
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.
Investors seeking out growth stocks often discard dividends as unimportant, but they really shouldn't. After all, there's no greater sign of a company's health than the regular, consistent payment of dividends. When the board of directors approves the payment of the quarterly dividend, it sends the unmistakable message that more cash is expected down the road. Thus, a focus on dividends can help you improve the quality of your growth portfolio. "We consider a reliable and growing dividend to be a major sign of a company's health," says Chase Robertson, principal of Houston-based RIA Robertson Wealth Management. "Limiting your pool of available stocks to dividend payers immediately improves the quality of the portfolio." Today, we will look at seven solid dividend-paying growth stocks. It's not unusual for growth stocks to return 20% or more per year when they're on a good run, so the dividends paid will be a small part of the total return. It's exceptionally rare for a true growth stock to sport a high dividend yield. Still, it's nice getting paid something in cold, hard cash. If anything, the dividend allows you to realize a small portion of your gains along the way without having to sell your shares. SEE ALSO: 53 Best Dividend Stocks for 2018 and Beyond
RH (RH) shares defied the general market trend and rose ~10% on October 11 following the company’s announcement to buyback shares worth $700 million. RH is expected to generate more than $260 million in cash flows in 2018. The company’s decision to announce the share buyback reflects Gary Friedman’s, RH’s chairman and CEO, view that the company’s shares are “undervalued.” Following the announcement, Stifel upgraded RH stock to “buy” from “hold” and raised the target price to $150 per share from $142.
The Mooresville-based home-improvement chain announced Thursday that it is donating $2 million in relief aid in the wake of Hurricane Michael, including that $250,000 for the American Red Cross.
Walmart denied any wrongdoing in the nine-year-old case, which was scheduled to go to trial later this year, in a filing in federal court in San Francisco on Wednesday. In addition to the payout, the company said it would begin providing seating to its cashiers in California.
MEQUON, Wis. (AP) — The trade war between the United States and China has made for a nerve-wracking summer of uncertainty in Wisconsin, where manufacturing has long been in decline yet remains a vital part of the state's economy.
On a rough day for U.S. stocks, three familiar American brand names, among a few others, are emerging as gainers on one of the biggest single-day declines for U.S. stocks in six months. All the major indexes are down on the day, with tech leading the losses, as the Nadsdaq shed 206 points, or 2.
Sears is reportedly nearing a bankruptcy filing. Yahoo Finance looks at the numbers that show how the once-storied retailer ended up here.