|Bid||110.56 x 900|
|Ask||110.93 x 1100|
|Day's Range||110.95 - 113.19|
|52 Week Range||84.75 - 118.23|
|Beta (3Y Monthly)||1.43|
|PE Ratio (TTM)||35.08|
|Earnings Date||Nov 20, 2019|
|Forward Dividend & Yield||2.20 (1.97%)|
|1y Target Est||121.00|
From trips to Atlanta, D.C. and even Paris, France, Chris Chung, CEO of the state’s chief recruiting agency, the Economic Development Partnership of North Carolina, had a busy first half of 2019 – meeting with officials and executives from a slew of entities such as The Boeing Company, Martin Marietta Materials and Duke Energy.
When CEO Marvin Ellison arrived at Lowe’s Cos. Inc. last summer, he found a company that needed to address retail fundamentals. Among those shortcomings was a collection of human resources systems and policies that weren’t really working.
Moody's rating action reflects a base expected loss of 7.6% of the current balance, compared to 27.2% at Moody's last review. Please see www.moodys.com for any updates on changes to the lead rating analyst and to the Moody's legal entity that has issued the rating.
Traders also look at the activity of short sellers for trading opportunities. Sometimes, stocks with a large amount of short selling activity could be potential candidates for short squeezes. Other times, ...
There's always a bull market somewhere. And with Dow Jones Industrial Average constituent Home Depot (NYSE:HD), you don't have to look very far to appreciate that very fact. But is now a good time to buy Home Depot stock? Let's examine what's happening off and on the price chart to reach a stronger, risk-adjusted decision.Source: Helen89 / Shutterstock.com It has been good year for the market, albeit a volatile one at times. The Dow Jones is up nearly 17% and less than 1% from recapturing late July's all-time-high. At the same time, Home Depot stock's gain of 36% has more than doubled the venerable blue-chip index while hitting fresh highs.Only the Dow's Apple (NASDAQ:AAPL), and its return of nearly 39%, is larger than HD's rise through Friday's close. However, that top spot has come at a price. AAPL stock's gains have failed to match Home Depot's technical wherewithal with shares still 5.5% beneath its October all-time high.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo, what's behind the burly gains of America's largest home improvement retailer? No doubt 2019 has raised the specter of potential difficulties for Home Depot and peer Lowes (NYSE:LOW) given the ongoing U.S. China trade war and retail shelves lined with "Made in China" products.But so far, HD stock has managed to trump those fears.Removed from trade war concerns of what might be, a defensively positioned Home Depot has benefited from this summer's interest rate cut by the FOMC and ongoing demand for home improvement. And the good times, which showed up in August's earnings beat, aren't over either. * 10 Recession-Resistant Services Stocks to Buy According to Citi analyst Gregory Badishkanian, HD stock enjoys "still-solid underlying macro fundamentals and housing drivers," which should help with further sales and margin wins. For its part Citi reaffirmed its buy rating while lifting the price target on HD from $246 to $269 and a premium of 15% compared to Friday's closing price. Home Depot Stock Price Monthly Chart Technically speaking, Home Depot stock appears ready for a strong second-half of 2019 after dismantling a large bearish topping pattern.In August, HD produced an earnings-driven breakout from a 20-month long broadening base pattern. This type of formation is generally viewed as bearish once the fifth pivot receives price confirmation through the low of the monthly candlestick. Home Depot stock obliged bearish shorts as it traded beneath July's low of $212.39 and eventually down to $197.84 before quickly and unequivocally failing.A bullish earnings gap and follow-through in Home Depot stock took shares to new highs while also breaking out above angular pattern resistance. Now September's price action is confirming August's engulfing candlestick while being supported by a bullishly positioned stochastics indicator.With HD shares just a couple percent above the August high, it's time to embrace the bearish pattern failure as an important signal to go long shares. I'm inclined to see Citi's price target of $269 to perhaps as much as $275 in Home Depot stock as a reasonable forecast for shares.My recommendation is to simply buy Home Depot stock today and set an initial stop-loss below $219. Early Monday and with HD trading around $232.50, that works out to price exposure of 6%. That's attractive relative to the risk taken. And smartly, it pulls the plug on the position just in case the broadening pattern has a repeat and more bearish performance in store for Home Depot stock.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in any 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 options-based strategies and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Recession-Resistant Services Stocks to Buy * 7 Hot Penny Stocks to Consider Now * 7 Tech Stocks You Should Avoid Now The post This Is Why Home Depot Stock Bears Should Be Scared appeared first on InvestorPlace.
- Q2 2019 share repurchases were $164.5 billion - 20.1% lower than Q1 2019, 13.7% lower than Q2 2018, and 26.2% lower than the record Q4 2018. - Apple continues to lead, spending $18.2 billion - down from ...
Lowe's Cos. was upgraded to outperform from neutral at Wedbush based on growth signals resulting from Chief Executive Marvin Ellison's growth plan for the home improvement retailer. Wedbush analysts led by Seth Basham also raised Lowe's price target to $135 from $115. "Lowe's focus on boosting Pro sales through increased service levels, pricing and merchandising is beginning to pay off, with enormous runway ahead," the note said. "Labor-efficiency drivers are starting to build, such that Lowe's might be able to hold operating expenses flat for the next three years to drive +250 basis points of margin improvement in a bull case scenario." Wedbush is still wary of Lowe's goal to reach $370 per square foot and operating margins of 12%, but analysts now see upside through 2022. In addition, analysts say Lowe's is closing the same-store sales gap with its biggest competitor Home Depot Inc. . Lowe's stock has rallied 23% for the year to date while the S&P 500 index is up 19.7% for the period.
Wedbush says the home improvement retailer’s turnaround is well under way, and it looks good in comparison to Home Depot.
Home Depot (NYSE:HD) stock continues to ride high. An earnings beat in its second-quarter sent Home Depot stock surging to over $232 per share an all-time high. Lower interest rates and a renewed interest in the housing market have also helped HD stock.Source: Rob Wilson / Shutterstock.com However, not all headwinds for Home Depot stock have gone away. Home prices have plateaued in many major markets. Also, an inverted yield curve and the length of the current economic growth period point to a possible recession. * 7 Discount Retail Stocks to Buy for a Recession Although HD stock remains a long-term winner, investors should not add to positions at these levels.InvestorPlace - Stock Market News, Stock Advice & Trading Tips HD Stock Is a Long-Term Winner Facing Near-Term StrugglesTaking a negative view of Home Depot stock is a difficult decision. After all, it did not grow to almost 2,300 stores and a $250 billion-plus market cap by making poor decisions. HD has delivered massive returns to investors over the last few decades and remains a solid long-term investment now.Admittedly, bulls have many signs of optimism on which to base their call. The Fed lowered interest rates over the summer, setting up the highest level of mortgage originations since 2018. Moreover, the company announced they had beaten estimates by nine cents per share on Aug. 20. This sparked a rally that took the HD stock price from about $208 per share to the approximate $232 per share level where it trades today.Furthermore, both Home Depot stock and its main peer Lowe's (NYSE:LOW) continue to show resiliency. It continues growth even as a mature company. It also has fended off any potential threat from Amazon (NASDAQ:AMZN), a company many feared would "take over retail" a few short years ago. Multiple Does Not Price in a Possible RecessionHowever, the recent rally took the forward price-to-earnings (PE) ratio to about 21.2, very close to the average PE of almost 23 it has experienced over the last five years. Admittedly, a 21.2 forward multiple is not high by S&P 500 standards. However, it seems pricey when analysts predict only 2.4% profit growth this year and 8.4% in fiscal 2021.Also, many signs point to tough times coming soon. For one, the company missed its revenue estimates. Although the market has chosen to ignore that fact, it indicates some level of struggle for the home improvement giant. Moreover, investors cannot know for sure that the economy has avoided a recession. An inverted yield curve has frequently pointed to a downturn within two years in the past.Home price growth appears mixed as well. Thanks to the lower rates, analysts forecast annual price growth of 5.4% over the next year. Still, that is an average number. Many of the larger, pricier markets such as New York or Seattle continue to see a decline in prices. Since many consider Home Depot stock a proxy for the housing market, this indicates contradiction more than growth.Further, the current economic expansion is in its 11th year. This does not mean the economy will stop growing. However, it dramatically increases the chances of a downturn. It also calls into question whether investors should pay a higher multiple for Home Depot stock in such an environment. The Bottom Line on Home Depot StockHome Depot stock has become the solid equity that investors should avoid for now. In a sense, the recent run in HD stock makes sense. Interest rates have fallen in an environment where home prices have plateaued in many major markets. Without a doubt, this increases home affordability for many.Still, the current economic expansion has become long in the tooth. Moreover, an inverted yield curve has always pointed to a recession over the last 60-plus years.Although Home Depot has matured as a company, its ability to maintain growth over the last few decades is a testament to its long-term resiliency. I still believe in the future of Home Depot stock, and I do not recommend selling at these levels, except to log some profits.However, given the current circumstances, this seems like a time where investors should try to buy Home Depot stock on the cheap, not when it trades at a higher multiple.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Big IPO Stocks From 2019 to Watch * 7 Discount Retail Stocks to Buy for a Recession * 7 Stocks to Buy Benefiting From Millennial Money The post Hold out for a Lower Valuation Before Buying Home Depot Stock appeared first on InvestorPlace.
Lowe’s is working with Charlotte Works and Charlotte-Mecklenburg Schools for the pilot pre-apprenticeship program.
A senior White House adviser tamped down expectations on Tuesday for the next rounds of U.S.-China trade talks, urging investors, businesses and the public to be patient about resolving the two-year trade dispute between the world's two largest economies. "If we're going to get a great result, we really have to let the process take its course," Peter Navarro said on CNBC. U.S. President Donald Trump's administration is seeking sweeping changes to China's policies and practices on intellectual property protection, the forced transfer of U.S. technology to Chinese firms, American companies' access to China's markets and industrial subsidies.
While Hurricane Dorian has moved away from the Carolinas’ coastline, it left some major damage to the Outer Banks.
With an overwhelming majority of observers seeing an imminent rate cut on August's soft employment report, certain sectors stand to gain, while some will suffer. Take a look -
MOORESVILLE, N.C., Sept. 6, 2019 /PRNewswire/ -- Lowe's has committed today $1 million to support disaster relief efforts for associates, customers and communities in direct response to Hurricane Dorian's impact along the U.S. coast and the Bahamas. Lowe's will continue to work closely with nonprofit partners and government agencies to determine immediate and long-term support needed by local communities. To support customers and communities as they prepared for the storm and in the clean-up and recovery that follows, the Lowe's Emergency Command Center has expedited more than 6,000 truckloads of needed supplies, including generators, bottled water, sand, plywood, chainsaws, trash bags, gas cans and tarps.
The Zacks Analyst Blog Highlights: Norwegian Cruise, Royal Caribbean, Lowe's, Home Depot and Owens