|Bid||182.86 x 900|
|Ask||182.89 x 800|
|Day's Range||182.23 - 186.95|
|52 Week Range||163.15 - 215.43|
|Beta (3Y Monthly)||1.51|
|PE Ratio (TTM)||21.56|
|Earnings Date||Nov 13, 2018|
|Forward Dividend & Yield||4.12 (2.29%)|
|1y Target Est||212.10|
The market is finally seeing it first decent bounce attempt of the day but to say that buyers are skittish would be an understatement. Breadth has declined from earlier levels to around 1850 gainers to 5250 losers and the number of stocks hitting new 12-month lows is now around 240. This is looking like classic failed bounce action and the main issue will be whether those October lows will be retested.
will report third quarter results on Tuesday morning. Instead, the Home Depot seems to be trading more in line with the struggling housing market. While the Federal Reserve pursues a strategy for normalizing monetary policy, what is obvious to all with a knack for perception, is that credit driven businesses such as housing are being normalized as well.
Can Williams-Sonoma Outperform Analysts’ Expectations in Q3? Analysts expect Williams-Sonoma (WSM) to post EPS of $0.94, which represents an increase of 9.7% from $0.86 in the corresponding quarter of the previous year. Williams-Sonoma’s EPS growth is expected to be driven by revenue growth, a lower effective tax rate, and share repurchases, partially offset by lower EBIT margins.
Can Williams-Sonoma Outperform Analysts’ Expectations in Q3? Analysts expect Williams-Sonoma (WSM) to post revenue of $1.37 billion in the third quarter, which represents an increase of 5.2% from $1.30 billion in the third quarter of 2017. Williams-Sonoma’s revenue growth will likely be driven by growth in both retail and e-commerce sales and the adoption of a new accounting standard.
A shaky housing market is tempering Wall Street optimism on the retail giant. "Our key message is that we see a period of housing uncertainty ahead, where the demand drivers that have mattered historically seem to be turning less favorable," Credit Suisse analyst Seth Sigman wrote in a research note detailing the environment. The key driver of the concern about Home Depot is the recent report on mortgage application decreases, which has been coupled with worries over continued Federal Reserve rate hiking.
The Home Depot, Inc. ( HD) is the premier home improvement retail giant and is a component of the Dow Jones Industrial Average. The stock set its all-time intraday high of $215.43 on Sept. 12 and closed Friday, Nov. 9, at $185.99, in correction territory at 13.7% below the high. The stock is attempting to stabilize ahead of earnings just below my annual pivot or magnet at $186.99.
In this daily bar chart of HD, below, we can see that price traded higher into a September peak and corrected sharply in October. In this weekly bar chart of HD, below, we can see that prices nearly doubled in the past three years. The weekly MACD oscillator crossed to another take-profits sell signal in September at a lower high than in January.
Can Williams-Sonoma Outperform Analysts’ Expectations in Q3? Williams-Sonoma (WSM) is scheduled to post it third-quarter earnings after the market closes on November 15. In the second quarter, Williams-Sonoma posted adjusted EPS of $0.77 on revenues of $1.27 billion, outperforming analysts’ expectations of $0.68 and $1.26 billion. Also, the company posted a comparable brand sales growth of 4.6%, beating analysts’ expectation of 4.1%.
No analysts have given the stock “sell” ratings. On average, analysts have a price target of $213.14 on the stock, which represents a potential return of 13.4% from its price of $188. Since the beginning of October, Raymond James, Morgan Stanley, and Credit Suisse have lowered their price targets on HD.
Third-quarter earnings reports from Walmart and Cisco, as well. Retail sales and industrial production numbers at week’s end will give an indication of how different sectors of the economy have performed.
Investors will be seeking clues about the all-important holiday shopping season when the companies report results this week. Walmart is seen posting a slight bump in quarterly sales and earnings on Thursday. Home Depot’s shares haven’t kept pace with the S&P 500 this year.
The stock market is once again trapped in Bizarro World, the one where good news is bad news, Jim Cramer told his Mad Money viewers Friday. Cramer said this site should let us know whether tariffs and trade are having an impact on the Chinese economy. Next, on Tuesday, Home Depot will be reporting, along with Tilray .
Insider Monkey finished processing more than 700 13F filings made by hedge funds and prominent investors. These filings show these funds’ portfolio positions as of June 30. In this article we are going to take a look at smart money sentiment towards The Home Depot, Inc. (NYSE:HD). Some hedge funds were buying The Home Depot, […]
CNBC's Jim Cramer tells investors to tune out the panic around a bear market in oil and readies them for the week ahead. Cramer argues that oil prices are falling because of a glut in supply, not a lack of demand. The "Mad Money" prepares for earnings from Home Depot, Tilray, Macy's and more.
For the third quarter, analysts expect Home Depot (HD) to post adjusted EPS of $2.26, representing a rise of 21.1% from its EPS of $1.87 in the corresponding quarter of the previous year. The company’s EPS growth is expected to be driven by revenue growth, net margin expansion, and share repurchases. Analysts expect Home Depot’s net margin to expand to 9.9% from 8.8% in the third quarter of 2017.
Analysts expect Home Depot (HD) to post third-quarter revenue of $26.3 billion, a rise of 4.9% from $25.03 billion in the corresponding quarter of the previous year. The company’s revenue growth is expected to be driven by its adoption of a new accounting standard, its new store additions over the last four quarters, and its positive SSSG (same-store sales growth). By the end of the second quarter, Home Depot operated 2,286 stores compared to 2,283 stores at the end of the third quarter of 2017.
DeWALT tools are selling for up to a 38% discount this year, including some of the company’s drills. The Home Depot Black Friday ad 2018 is selling select refrigerators this year at a discount of up to 40%. Select dining room furniture can also be found at a bargain this year as you can get it for up to 40% off.
ANGI HomeServices, National Oilwell Varco, Home Depot, Macy's and Lowe's highlighted as Zacks Bull and Bear of the Day